. . . 1 1" 1 1
Dmnitma
Quotation Supplement (MontM^ Street Kailwdy Supplement (semiAnnuaij/)
Investors Supplement (Quaneriy) State and City Supplement (semiAnnuaii^
[Entered according to Act of Congress, in the year 1899, by the William B. Dana Compakt, in the office of the Librarian of Congress.]
YOL 6^ SATURDAY NOVEMBER II, 1899. NO. 1794.
Week ending N'oiiember 4.
Clearings at— 1899 I PUBLISHED WEEKLY. 1899. 1898. IP. Gent. 1897. 1896.
Terms of Subscription—Payable in Advance : 9 I i +47-6' For One Year $10 00 New York , ...1 284,266,145 870,393,371 720.052,553 601.922.557 ForSix Months 6 00 Philadelphia 97,831.753: 73,482.992 433- 1! 65,090,190 59,586,562 Pittsburg 32.549,400 18,629.625! -h74-7' 15.729.052. 11,941,900 European Subscription (including postage) 12 00 Baltimore 15,871.409 21,436,356 —26-0 17.480.661, 14,592,214 European Subscription Six Months (including postage).... 7 00 BulTalo 5.760,358 4,721,222 -)-220' 4,906,9131 3,349.354 Annual Subscription In London (including postage) *2 10s. Washington 2.558,922 2,417,689 -f5-7| 2.092.169 1,860,764 Koch 2, 146,6(50 2,127,206! +0-9 2,002,493 do. do. lOs. ester 1.563,252 Six Mos. do. £1 Syracuse 1.500,361' 1,587,124 —51 1,410.499 1,125,000 Above subscription inolndes— Scrauton 1,18!J,172 1,006.341 4-17-5 933.235 778,828 Wilmington 891,890: 790.720 -j-12-8' 720.071 574,099 The Quotation Sdpplement I Street Bailwat Supplement
BUigbamton 377,100: 343,500 +9-9| 346.100 1 288,800 The Investors' Supplement | State and City Supplement Total Middle.., ,444,940.235 996,936.147! -K4-9 835,760.956! 698.078.332 Terms of Adyertising—(Per Incli Space.) Boston 157,961,870' 153,052.554 -I-3-2 124,376,915 112,319,678
Transient matter $4 20 Three Montns (13 times).. $29 00 Providence , 7,119.400 5.070,100 -H0'4i 5,:J57,400 4,441,600 Hartford 2,453.946 2,415,546 +1-6| 2,446,590 standing business cabds. Six Months (26 " ).. 50 00 1,947,365 New Haven 1,684,232! 1,749,524 -4-9 2.028,686 1,894,860 Two Months (8 times).. 22 00 Twelve Months (52 " ).. 87 00 -7-3 Spriugfleld , 1,695,107 1,828,386, 1,609,205 1,544,938 Worcester 1,677,863 1,647,512, +1-8, 1.547,411 1,338,954 London Agents: Portland 1,666,941 1,782,943 -6-5 1,670,064 1,531,698 Fall River 1.159,038 744,387 +55-8 977,423 Messrs. Edwards Smith, 1 Drapers' Gardens, E. will take sub- 800,656 & C, Lowell 672,353 702,202 -4-3 932,203 587,230 Borlptlons and advertisements, and supply single copies of the paper New Bedford 644,098, 1.092,473 -4i-o 719,459 437,157 at Is. each. ; Tola New Eng. 176.734,848 170,085,6071 -fs-ol 141,655.350] 126,874,106 WlliI^IAin B. DANA OOnPANV, Pnbllsliers, Chicago 134.294.715 121,271,595 -HO-7! 112.783.5221 81,723,497 CiDCinnaU 14,410,250 13.500,800 -f6-7i 13,608,450 10,538.800 Ptne Street, Corner of Pearl Street, Detroit 8,296,313 7,220,288 --14-9 6,517,373 5,283 524 Post Office box 958. NE:\¥ YORK. Cleveland 10,586.416 8,055.825 --31-4 6,650,060 4.436,261 Milwaukee. 6.190.630 5,436,847 - -13-9 6.444,3491 5,212,615 Columbus 5,400.000 3,956,700 - -36-5 8,621,400 3,043,900 —On page 1004 will be found the detailed returns by Indianapolis , 3,156,698 3,083,824 -I-2-4 2,879,199 1.696,617 Peoria , 2,117,472 1,686,751 +25-6 1,900,507 1.467,957
States, of all the national banks, under the Comptroller's Tolerlo , 1,919,365 1.824,243 -I-5-2 1,814.019 1.194,130 Grand Kapids 1,350.317 978,287 880,954 call of Sept. kindly furnished +380 639,748 7, 1899, us by the Comptroller. Dayton 1,031,162 713,889 - -44-6 714,113 498,872 - -18-3 The returns for June 30, 1899, were published in the Chron- Evansville , 943.819 797,125 Youngstown 367,913 301,887 --21-8 icle of August 19, 1899, page 378. 332V2()8! SpringUeld, 111 465,685 4a5,238 +69 I Lexington 442.456 386,175 +14-5 348,214 335.416 --20-7 Akron , 417.100 345,700, 248,000 285,000 Kalamazoo 379.309 304,716 - -24-6 328.051 231,926 CLEARING HOUSE RETURNS. Saginaw 381.130 312,914 --22-0 335,224 233,507 Kockford 267,528 180,271 --48-3 175,267 127.745 The following table, made up by telegraph, etc., indicates Springfield, Ohio.. 252,518 180,1141 --400 161,772' 138,690 Canton 283,726 205,2051 --380 192,314 300,000 that the total bank clearings of all the clearing houses of the Tot. Mid. West'n 192,954,522 171.178,444 +12-7 159,934,939 117,388,205 United States for the week ending to-day, Nov. 11, have San Francisco , 26,070.551 18.025.1111 -I-44-6 17.012.099 12,367,474 been $1,762,902,500, against $1,989,670,216 last week and Salt Lake City 2,666.619 l,936,920i +37-7 2.099,59« 1,200.472 —58-2 $1,402,627,418 the corresponding week of last year. Portland , 2,313,399 2,456,072 2,659,255 1,580,741 Los Angeles , 1,895,222 1,677.656 +130 1.550,989 1,103,977 +126-6 Seattle , 2,802,913 1,236,806 1,371,557 465,000 Week Ending N'ovember 11. Spokane 1.781.760 1,074.480 -1-65-8 970,942 680.200 Clkarings. Tacoma 1,151,596 944,471 4-21-9 993,940 596,796 Helena 758,835 605,669 -I-25-2 480,000 441,160 Returns fry Telegraph. 1899. 1898. P. Cent. Fargo 498.289 493,n00 +1-0 408,484 127,356 Sioux Falls 151,459 137,378 +10-3 120,005 84,378 New York. . . 98S5,441,435 «641,4S8,d82 +33-4 Total Paclflc 40.090,643 28,588,163 -K0*3 27,666,869 18.610,548 Boston 183,373,004 94,572,375 +30-3 Kansas City 15,619,431 14.500,000 +7-7 12.412.901 8.675,218 Philadelphia. 70,116,927 63,988,308 +30-3 Minneapolis 15,113,844 12,851,560 +17-6 15,615.164 9.930.755 —1-5 Baltimore.... 16,580,798 14,810,419 +4-8 Omaha 6,823,498 6,929.336 5,724,189 3,485.120 St. Paul 5.703.858 6.959.567 4*3 6,546,909 4.129.554 Chicago 118,000,807 91,887,937 +29-3 Denver 4,325,722 8,391,051 +87-6 2,413,408 2,192,316 St. Joseph 2,213,048 +49-1 1,354.731 1,072,664 St. Lonis 89,649,786 86,743,799 -flO-9 3,300,000 Des Moines 1,500.000 1,458.587 +2-8 1,100,389 974,407 New Orleans. 10,098,801 8,391,578 +20-3 Davenport 1,119,173 873.235 +28-2 1,025.560 636.950 Sioux City 1.177,595 963,796 4-22-2 767.282 466,607 Seven cities, 5 days . 91,822,101,631 1930,528,063 +31-3 Topeka 374,696 568.537 -34-1 507,763 323.330 +2-6 Other cities, 5 dajs 205,713,008 170,000,416 +21-0 Wichita 437,799 426,707 414,630 324.768 Fremont. 111,758 151,627 —26-4 104,367 53.294 Hastings 135,100 122.784 +100 130,174 89,940 Total all cities, 5 days. $1,487,814,539 91,100,688,479 +89-7 Tot. other West. 55,741,874 50.411,835 -HO-6 48.317,411 38,344,913 AU dtles, 1 day 3»6,087,96l 803,098,939 +10-9 St. Louis 31.052,515 31.992.646 -30 28,177.349 19,472,056
Total all cities for . . New Orleans 9.884,391 8,906.122 +110 9 192.331 10,049.320 week. 1,763,908,600 I »1,408,687,418 +85-7 Louisville 9,537,157 7,383,571 -i-29-2 6,736,078 5,483.383 Galveston -21-7 4.838.850 3.260,350 full 4.056 350 5,182,150 The details of clearings for the week covered by the Houston 4,632.257 4,389,078 +5-5 3 900,000 3,722 893 above statement will be given next Saturday. Savannah 3,818.695 3,936.129 -30 4,044.651 3,260;893 We cannot, Richmond 2 983,385 2.862.399 -K*2 2,324.818 2,189,456 of course, furnish them to-day, bank clearings being made Memphis. 3.096,571 2.672,943 +15-9 2,690.602 2.616,683 up by the various clearing houses at noon Atlanta 2,098.215 1.917,820 +9-4: 2.157,172 1,666,508 on Saturday, and Nashville 1,495,049 1.345,471 1,3«3,510 984,046 hence in the above the last twenty-four hours of the Norfolk 1,618.534 1,321,755 4-22-5' 1,058,585 1.216,226 week -17-61 have to be in aU cases estimated, as we go to Augusta 1,000.566 1,214,403 1,2-28,5281 1,105.403 press Friday night. KnoxviUe 627.058 660,082 -5-0 498.313! 366.040 We present below our usual detailed figures for the pre- Fort Worth 711,8761 892,653 -20-2 923.661 631,178 vious week, covering the returns for Birmingham 900,000 586.384 -l-63'O 484.740 415.162 the period ending with Macon 627,000 531.000 +18-1 969.000 Saturday noon. Nov. 4, and the results for the corresponding Little Bock 458.059| 367,050 +24-8 440,786 320,427 293.7^6 week in 1898, 1897 and 1896 are also Chattanooca 405,381 308.394 4-314: 222,917 given. In comparison Jacksonville 205,0.'l5 181.374 +13-3 196.904 226.204 with the preceding weefc there is an increase in the aggreo-ate Total 79,208,0W4| 76.651.424 -1-331 71.541.684" 56,745,690 exohanges Southern. of two hundred and twenty Tiillion dollars," Total all 1,989,670,216 1 ,493 .851. 620 +33-2' ,284.511.979 1 ,056.042.094 the 1 gain at New York being one hundred and ninety- Outside N. York. 705.404,071 623.458.249| +13-1 559.459,426 454,119.537 four millions. Contrasted with the week of 1898 the Montreal 14,800,614 14.115.072 13.995.105 13.242.917 total for the whole Toronto 11.273.650 9.366.230 +20-4 8.834.725 8,281.906 country shows an increase of 33 2 per Winnipeg 3,145.568 2.465.433 4-27-8' 3.342,880 2.408 968 oent. Compared with the week of 1897 the Halifax 1,300.000 1,206,730 +7 7, 1.471.956 1.129.588 current returns +23-11 761,0381 record a gain of 54-9 per Hamilton 944,239 767.442 784.280 cent, and the excess over 1 896 is 88-4 St. John 589.540 586.692 -(-0-5 538,534' 621,568 per cent. Victoria 774,390 700.553 +10-5 Outside of New York the increase over 1898 is 13 1 Vancouver 827,688 634.016 +55 percent. The excess over 1897 reaches 26-1 per cpnt, and making Total Canada.... 33,655,689 29,742,168| +13-2| 28.444.238 26,469,227 comparison with 1896 the gain ia seen to be 55-3 p. o. 980 THE CHRONICLE. [Vol. LXIX.
holdings. They were last Saturday $188,628,700 (of THE FINANCIAL SITUATION. wnich $140,461,000 were specie), whereas on August With the money market and the industrial progress 12 1893 the total was only $76,505 500, with but $53,- which have for so long been the chief contending: 624,800 specie. We do not mean that a deficit is in forces affecting secuiity values, the elections have the any case an agreeable situation; it means liquida-
past week shared in shaping the course of Wall Street tion, but it is well to remember that it is in this case affairs. They have resulted very closely in accord a liquidation which applies mainly to securities of un- with the general anticipation. Everywhere great ceri ain merit selling at high prices. Merchants at the effort was made by the opposition party to ignore and same time arc able to obtain all the accommodation keep the currency question out of the issues involved tht y require from the banks through the sale of their
in the political contests. By that means a consider- paper ; so, also, investors with good mixed Stock Ex- able portion of the Democratic seceders of three ytars change collateral can borrow on time whatever money ago were induced in some localities, especially in this they wish at 6 per cent. On Monday the money market city and Maryland to affiliate again with their old indicated a slight feeling of relief on the announce- asBociatfs. As a consequence, there are at a few ment that rates for exchange at Chicago on New points minor changes, indicating added strength in York had risen to figures which indicated the begin- the opposition vote; but in the general verdict these ning of a return mov» ment. The belief in a return
are of no significance at a 1. Indeed, the attitude of flow has prevailed more or less every week for a con-
the public has again been clearly revealed by the po- siderable time ; it seems to be encouraged by some. litical results of the week in face of wider differences Each week, however, as it nears its close, it is found,^ of view than ever existed on extremely important as it will be to-day, that there is nothing in the qtiestions of state, proving that the stabili y of values is rumor. The banks have lost money this week not till the colossal and primary issue overweighting all only by an adverse interior movement, but also
others— a state of opinion except in the Southern and through the Treasury operations ; they have obtained mining States that continues to gravitate towards ab- some moderate additions to their supply by return of solute oneness. funds paid out early in the month for interest, &c.;
We say this notwithstanding a few important lead- that is to say, the receipts over the counter have been ers of opinion have expressed themselves during the above the average. election preliminaries as giving to the currency ques-
tion a place second to what is called "imperialism." The tone of the iron and steel markets still con- Foremost among these was Carl Schurz, a broad- tinues remarkably strong, though in certain directions
mindtd statesman, who is universally respected for some slight price concessions are to be noted. The the purity and virility of his conclusions. The truth ' Iron Age" quotes steel billets at Pittsburg only is, the circumstance that such a leader plai! ly stated $38 00 this week, against $39 50 a week ago, and his views in this particular in Ohio, and that it bad so b Uets at Philadelphia at $40 00, against 142 00. Con- little influence even there, where among the electorate sidering that at the corresponding date in 1898 bil- the German element is so large and where the influ- lets in Pittsburg were quoted at only $15 00 and at ences workirg for and inviting a division of the vote Philadelphia $i7 25, the reaction cannot be regarded were this year so many and so conspicuous, is as strong as important. As a matter of fact, prices for bilUts a confirmation of the statement we have made as could now are to a certain txtent nominal, since it would be be given. Unfortunately for the wide adoption of difificult to supply steel for early delivery no matter auch asentimfnt as Mr. Schurz gave voice to, the large how tempting the inducement in the wa^ of a bid. majority of our people see that "imperialism" as the Gray forge pig iron at Pittsburg is also quoted slightly policy of the Administration has not become obvious; lower at $21 00, against $21 25 last week, but when it it has not, either, in any measure assumed the charac- is remembered that the same identical grade of iron ter of a moral question as yet and cannot until legis- at Pittsburg in November of last year was quoted at lation by Coi>greS3 has been perfected. F^sif, very but $9 15 per ton, it becomes evident that the trifling feWjWe think, would have our army lay down its arms shading in price is significant only as indicating a and retire from the Philippines at this stage of affairs possible check to the almost uninterrupted upward there. On the other hand the effort to meddle with movement which has been in progress for so many and to change the measure of values, to violate the months. Bacredness of tie individual and Government contract, The truth is, some decline in prices is very much to strikes at the basis of national honesty. Hence the be desired. It would not only be healthful, but be an currency fight is not only to ward off business chaos aid in keeping the trade in a state of continued activ- but to prevent the natii n being relegated to a moral ity and prosperity. Prices have advanced so much chaos out of which " lower deep" deliverance, if ever and so high that though consumption is of unprece- secured, would be only after a desperate struggle of dented magnitude, it is not as great as it would be at many yeare' duration. a lower basis of values. New enterprises, while nu- merous, would become still mote numerous if prices of high. Our money market startfd the week with a deficit, all classes of materials were not so extraordinarily ultii according to last Saturday's report, of $338,350 below Lower valut s are to be desired, too, so as to avoid it come, must nec- the requin d ifS per cent. It is a great mistake to mate over-production, which, should in prices. compare the situation, as has been done, with August essarily result in a very serious shrinkage but 12 1893, the lat»st previous date when a deficit was There is no sign of any such state of things as yet, prices act as a powerful recorded. The status now is not "equally unf»vor- experience teaches that high see this tendency illus- able " and nothing like it. The banks, in face of stimulus to production. We industry today, the deficit, are strong to-day, whereas in 1893 the trated in various departments of by the exist- case was quite serious. We need cite only one where the large margin of profit offered values is leading to a great increase of single feature : we refer to the total reserve ing level of NovmiBER 11, 1899.] THE THKONICLK 981 productive capacity. The demand is so urgent that a with the bulk of the business at 9 per cent. On sort of panic has seized upon consumers, so that they Wednesday loans were made at 12 per cent and at 6 are willing to pay almost any figure to supply their per cent, the majority being at 8@10 per cent. On immediate wants. But it cannot be too strongly im- Thursday the range was from 16 per cent to 6 per pressed upon the minds of consumers that in this cent, with the bulk of the business at 9@10 per cent. marvelous country there is no danger of a permanent On Friday loans were made at 16 per cent and at 4 dearth or famine in any line; rather the reverse per cent, with the majority at 10 per cent. Banks Given time, production can be extended to almost any and trust companies, though quoting 6 per cent as limit. the minimum, continue to loan at the rates which
This is in fact what is going on at the present mo- may be daily established at the Stock Exchange as ment in the iron trade. Until quite recently, even the current market rates for money, and bank trans- some of the best authorities were inclined to think actions have been recorded during the week as high that we could not look for any great increase in our as 12 per cent. Time contracts are freely offered at iron output. At first the monthly addition was the quoted rate of 6 per cent for all periods on good rather small, but the last two months have revealed mixed Stock Exchange collateral. There appears to wonderful possibilities of increase. The "Iron Age'' be an increasing inquiry for such loans, based upon a has this week published its usual monthly tabulation growing conviction among borrowers that money will reporting the pig iron furnaces in blast and their ca- continue for some time to rule at full rates. In mak- pacity, and this shows that during October capacity ing these loans lenders stipulate that the security was extended nearly 10,000 tons per week, or at the shall be of the character above noted, and where loans rate of ha f a million tons a year. Moreover, this was are made upon a lower grade of collateral a higher in addition to an even larger inert ase the previous rate than 6 per cent, represented by a commission, is month. To be exact, since Sept. 1 the number of demanded. The market for commercial paper is furnaces in blast has increased from 257 to 287. and quiet, though brokers report a fair volume of busi- the weekly c pacity from 267,335 tons to 288,522 ness, with inquiries from and sales at interior points tons. The addition during these two months, there- in all sections of the country. The city banks are, fore, has been 31,187 tons per week, or considerably generally speaking, out of the market for paper, be- over a million tons a year. We have stated that at cause of their low reserves. Still some choice names first the increase in production was slow, but if we go find ready purchasers, not only by banks, but by back to last March we find that then only 192 fur- trust companies. The supply of paper is good, naces were in blast, against 287 now, and that the though not pressing, and rates are quoted output then was but 228,195 tons, against 288,522 at 5@5| per cent for sixty to ninety day endorsed tons now— that is, already there has been an increase bills receivable, 5^@6 per cent for prime and 6@8 at the rate of 3^ million tons a year, with more to per cent for good four to six month's single names. come. Even with this expansion iron makers have It may be noted that there are very few transactions, not been j^ble fully to supply the demand, and a fur and these only in exceedingly choice names, below 5^ ther decrease in stocks is noted, which are reported per cent. Merchants' receipts of funds at this centre down to 111.543 tons. Stocks in the warrant yards are expected to be somewhat increased this week by are but 10.300 tons. Thus the situation is a highly what are known as the November settlements of mer- encouraging one. But at 288,522 tons per w^ ek, pro- cantile accounts. Dry goods, woolens, boots and duction is on the basis of fully 15 million tons a vear. shoes, hosiery and other goods are usually sold on or Hence if prices should recede now there would be no about July 1 on four months' time, and the bills occasion fir alarm, but reason for renewed hope as to become due at this period. As the business for the the future. season has been large, it is presumed that settlements will be correspondingly great. The report of the American Cotton Oil Co. issued this week shows a prosperous year. The surplus over The news from the seat of war in Natal seems to the interest required was $1,637,814, as against $1,- have been more assuring, from the British point of 314,221 last year and $1,015,080 in 1897. From the view, this week. Keinforcements have arrived, and surplus the common stock gets an additional one per under the direction of General Buller preparations cent, or four per cent, as against three paid last year. for the relief of General White at Ladysmith are This payment and the regular six per cent on the pre- actively progressing. The London discount market ferred stock called for $1,421,400, leaving a balance to is firmer, influenced by the loss of gold by the Bank be carried to profit and loss of $216,414. The$:i.068.- of England. An important feature is the firm 000 outstanding debenture bonds mature Nov. 1 1900. tone and rise in the rate for discounts at Paris, The original issue was $4,000,000. These bonds which There is also some financial tension at Berlin. now cany eight per cent will be refunded at a greatly The Bank of England minimum rate of dis- reduced rate and will effect a substantial saving count remains unchanged at 5 per cent. The cable which will be applicable to dividends on the stock. reports discounts of sixty to ninety-day bank bills President Morrison points out that since 1892 $2,5^1, in London 4| per cent. Tne open market rate at 819 has been spent on the property in repairs, addi- Paris is unsettled, with quotations at 3@4 per tions and betterments and charged to operating ex- cent and at Berlin and Frankfort the rate is 5|@6 penses. per cent. According to our special cable from London the Bank of England lost £970,588 bul- Money on call, representing bankers' balances, has lion during the week and held £32,441,022 at the loaned on the Stock Exchange during the week at 16 close of the week. Our correspondent further ad- per cent and at 2 per cent (the latter in the last half vises us that the loss was due to shipments of £923,- hour on Monday), averaging about 9 per cent. On 000 net to the interior of Great Britain, and to the Monday the range was from 12 per cent to 2 per cent. export of £48,000, of which £20,000 were to Roumania, , —
982 THE CHRONICLK [Vol. LXIX.
£10,000 to South America and £18,000 to various The following statement gives the week^s movement points. of money to and from the interior by New York banks.
Week Ending November 10, 1899. Received by Shipped by Net Interior The foreign exchange market has been lower this N. F. Banks. N. T. Banks. Movement. week, influenced by the monetary situation here, by Currency $3,504,000 $4,662,000 Loss. $1,158,000 Gold 487,000 1,128.000 Loss. 635,000 a better supply of bills, chiefly commercial, by some Total gold and legal tenders $8,991,000 $5,784,000 Loss. $1,793,000 olferings of sterling loans and by a light inquiry for With the Sub-Treasury is: leir^Htanoe. The high rates for money in this market operations the result ana lojr uibv. cunts abroad are in great measure re- Week Ending November 10, 1899. Into Out of Net Change in Banks, Banks. Bank HolMngs. sponsible f ,1 the lower rates for short sterling. Be- cause of these monetary and discount conditions the Banks interior movement, as above $3,991,000 $5,784,000 Loss. $1,793,000 Sub-Treasury operations 14,200,000 16,800,000 Loss. 2.600,000 demand has been limited; sterling loans have been Total gold and legal tenders $18,191,000 $22,584,000 Loss. $4,393,000 encouraged and the covering of previous sales of The following table indicates the amount of bullion bills has been deferred. A very important factor has in the principal European banks. been the mere Uberal offering of commercial bills against cotton. The buying of this staple for export November 9, 1899. November 10, 1898. Bank of has been large i\2 response to what seems to be an Gold. Silver. Total. GoM. Silver. Total. urgent demand in Liverpool, notwithstanding the £ £ £ £ £ £ advance in the price ot the staple. There would con- England 32,441.022 32,441,022 32,020,436 32.020,436 France 75,379.514 46,679,667 122.059,181 73.371,077 48,781,809 122,152,886 sequently seem to be good promise of a liberal supply Germany 23,422.000 12,066,000 35,488.000 24,066,000 12.398,000 36,464,000 Russia 85.560.000 4.507,000 90,087,000 98,615,000 3,664,000 102,279,000 bills in of cotton the neai tuture which, by reason of AuBt.-Hung'y 36,867,000 12,562.000 49.429,000 35,373,000 12,459,000 47,832,000 the ruling high prices for the staple, cannot fail to Spain 13,600,000 13,906.000 27,506.000 11,062.000 5,476.000 16,538,000 Italy 15.404.000 1,443.000 16.907,000 15,054.000 2,278.000 17,332,000 have an important influence u'lon the foreign ex- Netherlands.. 3.148.000 6,782,000 8.930,000 4,311.000 6,621.000 10,932,000 change market. Receipts of gold at the Custom Nat.BelK'm... 3,001,000 1,500.000 4,601.000 2,921,000 1,460,000 4,381,000 Tot.this week 288.883.636 98,445.607 387,328,203 296.793,513 93,137.809 389,931,322 House during the week were ^58,461, of which Tot. prev. w'k 289,487,924 98,404,848 387,892,772 296,527,097 93,126.204 389,653,301 820,682 were from London. Nominal rates for exchange have ranged from 4 82^ THE ELECTIONS. to 4 84 for sixty-day and from 4 87 to 4 S8 for sight during the week. Rates for actual business opened To the financial markets, at home and abroad, the on Monday one-quarter of a cent lower for long and chief interest in the election results of last Tuesday public short, compared with those at the close on Friday of concerned the inferences to be drawn regarding sentiment over the money issue and next year's Presi- last week, at 4 82f@4 83 for the former and 4 86f (jj for several 4 87 for the latter, while cables were unchanged at dential vote. It is not altogether easy, reasons, to analyze the influence this factor in the 4 87|@4 88. The market was easy, though only of lies, course, moderately active. Tuesday was a holiday. On AVed- State pluralities. The chief difficulty of in the or repudiating nesday the tone continued easy and there was a fur- fact that the issue of sustaining the Administration's policy in the Philippines over- ther fall of one-quarter of a cent all around in rates shadowed the silver issue. Generally, the coinage for actual business, to 4 82^@4 82f for long, 4 86^@ plank was introduced in opposition platforms in a 4 86f for short and 4 87i@4 87| for cables. On
; merely as- Thursday the market was decidedly weak at a decline vague and perfunctory fashion often by serting, in general terms, that the Chicago platform of half a cent in long and in cables, to 4 82 @4 82:^ for of 1896 was re-affirmed. This fact made it at leaat the former and to 4 87@4 871- for the latter, while possible that would have voted the short sterling was one-quarter of a cent lower at many gold men opposition ticket because they dislike the policy of 4 86:i@4 86|. The market was weak on Friday, when expansion, or that silver would have sustained there was a fall of half a cent for long and short and men believed in holding one-quarter of a cent for cables. The following shows the governing party because they local issues were domi- daily posted rates for exchange by some of the lead- the Philippines. Then, too, Kentucky ing drawers. nant in several State contests—notably in to such a degree that questions of national policy were DAILT POSTED RATES FOB FOBBION EXCHANOB. almost wholly superseded. But after making all allowances, the conclusion is Fri., MON., TUI s.. Wed., Thur.. Fri., Nov. 3. Nov. 6. Nov.7. Nov. 8. 9. Nov. Nov. 10. perfectly safe that pretty much throughout the coun- 60 days 484 84 84-3^ Brown Bros 5 83 (Sldht.... 488 88 88-7J4 ^^ 87 try the sound-money policy has been upheld. It is 60 days 484 84 84 Baiine, 5 83« eSM could not be MaKOun &Co.. { Sight... 488 88 88 87H 87« unfortunate, doubtless, that a vote Bank British < 60 days 4 84 84 84 83« 83 bald colonial expansion with- No. America... IsiKht... 488 88 > 88 87« 87 had on the question of 60 days 484 84 < 84 Bank of ) 83W 83« out the currency question entering in as a restrain- Montreal J Sight... 488 88 C 88 87« 87« flo 84 84 Canadian Rank 5 days 484 84 83 ing influence. Yet the mere fact that the territorial ot Commerce., } Sight... 488 88 c 88 88 87 60 484 84 tl Heldeibacb. Ick 5 days 83^ 83« 82« problem superseded the money issue—and it is unan- elbeimer & Co. {Sight... 488 88 87H 87H 87 5 60 days 484 83« it much. We ob- Iiazard Freres... 83^ 83« 82« imously recognized that did—means J Sight,.. 488 87H 87^ 87« 87 results, little is Merchants' Bk. J 60 days 484 84 84 84 83« serve that in current criticism of the no of Canada < Sight... 488 88 88 88 87H made of the fact that anti expansion would have been The market was weak on Friday, and rates for far more heartily endorsed but for dislike of the cur- actual business were 4 81^ @4 81| for long, 4 85J@4 86 rency commitments of some anti- expansion platforms. for short and 4 86f @4 87 for cables. Commercial But if it be conceded that this feeling was a control- on banks 4 81@4 81:^ and documents for payment ling influence, the conclusion merely emphasizes the 4 80|@4 81|; cotton for payment 4 80i@4 8o|, cot- repugnance of the majority of voters to the free- coin- ton for acceptance 4 81 @4 81:|^ and grain for payment age proposition. The repetition of heavy Republican 4 81i@4 813. majorities in New Jersey—a State which in the past has been reckoned normally Democratic—is to our —
November 11, 1899.] THE CHRONICLE. 983 mind a pretty clear proof of the state of Eastern policy of colonial expansion has been useful. The sentiment. Reflection of Western sentiment may simi- restraining force exerted even by the most extreme larly be had in Iowa, where the Administration plurality of the so called "anti-imperialists" has at least served is nearly double that of 1897, and is nearly up to the to offset and counterbalance the pressure of the ex- great plurality of 1898. Ohio is a less simple field for treme advocates of new political experiments in the argument, because a third party, a number of local Pacific. As is usual under such circumstances, the issues and the contest over colonial expansion, com- net result—already visible in Administrative plans—is bined more powerfully to divert attention from the the adoption of a middle ground, entirely satisfactory money issue. But the substantial fact remains that to neither faction, but perhaps a safer policy for that the plurality against the party which unwisely re- very reason. But whatever attitude the citizen takes affirmed the Chicago platform is twice as great regarding the general question, he cannot fail to see as the plurality by which the same party was that a vote susceptible of interpretation as repudia- defeated two years ago. This victory is claimed tion of the President's policy might have unfortunate by the politicians as a distinct endorsement results. The Philippine war, whether in its incep- of the Administration's colonial policy. But it must tion necessary or not, must be brought to an end, and be remembered that if a real and earnest reaction a condemnatory vote on the Administration, in whose towards silver coinage had existed, this result, even hands rests the conduct of the war, would certainly under present circumstances, could not have arisen. tend to prolong it. The most noteworthy exception to the general rule No member of the dominant party is so simple as appears in Nebraska, where the Fusion ticket, with a to suppose that a vote of confidence rendered platform embracing an outright free-coinage policy, as that of last Tuesday was rendered is carte- has polled a plurality of 13,000 votes. But as regards blanche for the future. Indeed, it may be said,, Nebraska there is one essential fact to be considered even of the currency issue, that the vote is as much a that Nebraska has at no time in the past four years demand as an endorsement. Secretary Gage has changed its political leanings. It gave nearly 13,000 frankly recognized this fact in his message to the suc- plurality to Bryan in 189G; the same party's plurality cessful Iowa candidate, in which he interprets the in the 1897 election reached nearly to 14,000; m victory as a clear popular mandate for legislation in 1898, when the entire West was moving in an oppo- the coming Congress—the Congress, by the way, site direction, the Fusion ticket still retained a plu- selected by the great sound-money majorities of 1898 rality of 3,400 votes. That the State should have — such as will fix the gold standard irrevocably in our voted as it did last Tuesday, with the anti-expansion statutes. issue and the anti-trust issue a substantial aid to the opposition canvass, does not appear to us especially PRESIDENT HADLEY OS TRUSTS. significant. President Hadley of Yale University has, we think, The meaning of this week's electoral results does done a real public service in setting forth clearly and not become less plain when it is considered that the courageously, in the current "Scribner's," the advan- experience of the two or three past decades points tages, limitations and dangers of the industrial com- almost uniformly to a reaction in the vote cast three binations now occupying so large a place in popular years after a Presidential election. The heavy ma- discussion. We say courageously; for the trust is jorities polled for the Republican opposition in the still an institution in many ways so unpopular that it elections of 1895 foreshadowed the change of 1896. requires some boldness for a conservative economist The vote of November 1891 was a clear forecast of the to assert, as Dr. Hadley does, that the trust system victory of the opposition in the ensuing Presidential may be a benefit alike to producer and consumer. He year. Of 1887 the same might be said, and 1883 was admits at once the economy— in distribution of goods, a year when political sentiment as expressed at the in agency expenses, in advertising, and in the adapta- ballot-box marked out the struggle in store the next tion of production to the needs of consumption—at- year for the dominant party. tained by the consolidation of rival establishments- That no such reaction has been witnessed in 1899 He infers the corollary that the consumer may benefit is full of meaning. As a general rule, we are in- directly through possible lower prices as a result of clined to regard this tendency to reaction from previous curtailed expenses. President Hadley does not go as political leanings as a healthy indication; it serves at fully as he might have done into the very important all events as a useful curb on politicians, who can function of these combinations in developing our ex- never, under such circumstances, feel that they and port trade, and he does not refer to the important their party are otherwise than on trial before the fact that the new "industrials" differ from most of country. The refusal of the voters this year to repeat the older trusts in their outspoken recognition of the familiar warning cannot be easily explained ex- large sales at low prices, rather than small sales at cept by assuming some motive so powerful as to super- high prices, as the goal of the successful producer. sede all ordinary^ tendencies. The motive of unwill- To our mind, the most striking element in the policy ingness to trust a platform which even by inference of the more recent industrial organizations, as indeed threatened to place the currency in jeopardy is, we of current American production as a whole, is the think, sufficient to explain the phenomenon. frank recognition that trade must be coaxed and fos- As regards the conclusions drawn from the gener- tered, not forced; that the unwilling consumer must al vote as an endorsement of the Administration's presently become the lost customer, and that monop- policy in the East, we have only to say that such an en- oly to raise prices always creates the excessive dorsement really simplifies the situation. There is, competition which eventually kills even ordinary undoubtedly, serious division of opinion among our profits. clearest thinkers as to the proper policy of the United Admitting thus freely the intrinsic advantages en- Slates in the Philippines. We do not doubt that joyed by the trusts. Dr. Hadley recognizes these the aggressive expression of opposition to a radical organizations, as we think they are bound to be .
984 THE CHRONICLE. [Vol. LXIX. recognized, as aa unavoidable step in financial evolu- hotels and flour mills have in turn been built by rail- tion. He has no faith in the hostile legislation which way companies to feed or extend their trade. But is so glibly promised in a dozen political platforms. such an incident as has lately occurred in
Citing very pertinently the history of the railways, he the sugar and coffee industries is a wholly new
concludes "that in the one case as in the other, laws phenomenon. Yet nothing is more certain than against pools will contribute to the formation of that such tactics will mark the " trade wars" trusts, that laws against trusts will lead to actual among our huge combinations in the future. consolidation." The general ridicule to which the This being so, the strain on the management may Texas attempt at suppression of industrial combina be readily imagined. Mismanagf'ment in any tions by legislation has been subjected is witness to one of these numerous directions might be fatal; yet
the fact that even the public has instinctively grasped where is proper capacity to avoid mismanagement to
these truths. be obtained ? The railways are drawing to-day for So far President Hadley, though going beyond a their high executive offices on men who have been good many of our economic writers, has followed brought up in the hard school of these very execu- familiar enough lines in financial criticism. The par- tive problems. On the other hand, more than one ticularly valuable part of hia paper, however, is that industrial combination is witnessing the actual de- in which he outlines the doubts and dangers sur- parture from its management of men who built up
rounding the institution. It is very easy to condemn the properties from which the main consolidation was
the trusts, and there are certain catchwords regard- formed. Ihere is, then, very great pertinence to ing them which have grown wearisome by reiteration. President Hadley's query as to where these enormous But very little of such criticism, as we saw even in aggregations of capital are to look for their future the recent Chicago conference, goes to the heart of managers. It must be remembered that the really the matter. We have been treated, in and out of the exacting test of such capacity has not yet come to the newspapers, to so much crude talk about the perils of newer industrial concerns. An enterprise which runs extortionate prices, of control of Government by cor- smoothly and almost automatically in days of un- porations, and of destruction of opportunity for limited demand and rising prices must be guided past
young men to make a living, that it is refreshing to see many a financial pitfall when prices are declining, pro- a sure and practiced hand pointing out to the public duction still running high and demand from consum- the real uncertainties and possible evils of the indus- ers slackening. trial experiment—uncertainties no less perplexing We have not space to discuss at length some other because they do not lie upon the surface. pregnant questions submitted by President Hadley. First, then. Dr. Hadley brings to notice the prob- His belief that the organization of industrial com- lem which in the eyes of experienced business men of panies and the issue of industrial securities can- our acquaintance is the most serious among all the not continue at the rate of six months ago is suffic- problems of the trusts. That is the discovery of men iently warranted by the present action of the markets. competent to direct safely the fortunes of such gigan- What Wall Street has at intervals been witnessing for tic enterprises. "There are many men," he writes, some time past has been the elimination of water, "who can manage a thousand dollars, few who can not from the companies' nominal capitalization, but manage a million and next to none who can manage from the market valuation of their capital. But this fifty million.' To this expression of doubt over the very process signifies that new undertakings of the capability of society to provide men fitted to stand at sort will be scrutinized as many of their predecessors the head of enterprises of this magnitude we may add were not; that capital can now be obtained, either a consideration on which Dr. Hadley does not touch. from underwriters or from investors, only by showing If it is difficult to find a man who can properly super- ultra-conservative valuations. It will hardly be vise the general policy of a concern of this kind, a doubted that this is an advantage to the general man who could supervise its affairs in all their details situation. is inconceivable. Unless, therefore, the hands of the Iq concluding his article. Dr. Hadley indicates chief executive are to be tied, his responsible subordi- three objective points which must be continuously nates must be men hardly less favored with genius kept in view if the position of these companies is to than himself. Railway management on a scale of be made secure: First, increased resj'oueibility on the consolidated enterprise has been in progress for a part of the directors; second, a change in the legal quarter of a century; yet to-day we witness the uni- character of the labor contract, and third, increased form tendency among the railway companies to sep- care in the imposition of high import duties. We arate executive responsibility—entrusting financial may revert to these arguments on some future occa management to one executive chief and operating sion. They are full of food for thought—not less, management to another; the two offices being in certainly, for the managers of the consi iidated com many important companies co-ordinate. panies than for the investing and consuming public. But if this is true of railway management, which J has in many regards entered the domain of an THE STORY OF ERIE* exact rather than experimental science, clearly the This handsome and elaborate book should have had problem must become doubly perplexing in the case earlier notice, having been on the editor's desk for of the industrial trusts, which are purely experi- about two months. It is a work of fascinating inter- mental. 'Rate wars" among the railways aroused est and of much historical value. No other railroad the double set of uncertainties as regarded the com- in the United States has associated with it so many panies' attitude, first towards its patrons and rivals, episodes which have become famous in Stock Ex- and second towards its shareholders and creditors. change history, in the world of finance and in poli- But no railway company, so far as we are aware, ever the Lakes; or. The Stobt of Erik. went into a totally distinct competitive business for * Bbtween the Ocean and By Edw^ard Harold Mott. Ootavo size, pp. 512. Published by John 8 the sake of striking at a riva'. Steamship lines. Collins, 25 J Broadway, New York City. November 11, 1899.J THE CHRONICLE. 985
tics, and in the field of railroad work and of human 1841 the New York & Harlem, which was then in endeavor, as has the Erie under the various names it operation from the City Hall to Pordham, petitioned has been known during its anomalous career. Men of the State for aid to the extent of $350,000, in order to repute, men without repute; men of small calibre and build an extension of its line to a point of intersection limited fame, men of surpassing genius and a well- with the proposed New York & Albany Railroad. earned fame that would extend to the stars were there Samuel R. Brooks was then President of the Harlem. inter-stellar communication; some of the noblest Not seeing much likelihood of State aid he proposed specimens that the human race has produced, also to the Erie the building of a branch to connect with
some of the meanest ; feats of enterprise, daring and the Harlem. The Eastern terminus provided for the
progressiveness ; acts of trickery, knavery and cun- Erie at that time was no nearer New York City than ning—all these and many other characters and char- Piermont, on which account the undertaking was acteristics are comprised in the story of Erie. There- derisively termed "a railroad starting from nowhere fore the author is not exaggerating a bit when in his and bound for no place." Brooks suggested the preface, in giving his reason for writing the book, he building of a email piece of road (surveys showed it declares that the story of Erie is not alone the his- would make only 8i miles) from the Harlem RR. in tory of a railroad. "It is a history of men and meas- the valley of the Bronx to the Hudson River opposite ures and methods that for two generations were potent Piermont. The cost, it was estimated, would be in the social, financial and commercial affairs of this $131,618 82, two-thirc's of which the Erie was to country and Europe, and every page of it is of human bear. interest.^' For some reason this chance of getting into New As a great east-and-west trunk line the Erie is to- York was not availed of. If the proposed connection day excelled by so many other systems—by the Penn- had been made the Erie would be to-day "where the sylvania and the A^ew York Central for instance—that New York Central is so royally housed in New York it will be a little difficult for the present generation, City." In that event the Erie, the author thinks, not conversant with the conditions existing half to would have borne up even under the burden of the three-quarters of a century ago, to realize what a pait broad gauge, ''that costly heritage of folly whose evil the road played in the early affairs of this country. consequences are entailed on Erie for all her days.'* At its inception the Erie was regarded as one of the His comments on this strange inability to see the greatest enterprises of the age, and it may be said advantages of the proposed connection are worth that the hopes of the entire State, yea the whole quoting in full: nation (for the undertaking was at times urged as a "But the incomparable prize was declined by the then political necessity), were for many years centered upon controllers of Erie. The Harlem, with all its great the project as offering a means of rail communication privileges in the heart of the metropolis of the CJnion, between the Lakes and the Ocean. It may be news, languished and grew slowly, a companion football too, to many that the project was considered of such with Erie in Wall Street. Then Cornelius Van- importance that the State came to its aid with a derbilt dreamed his dream of railroad empire and
$3,000,000 loan. Moreover, when at length in ^lay built it on this very despised little Harlem Railroad. 1851 the line was completed, it was hailed with a de- The great Vanderbilt system of to- day is centered gree of delight and satisfaction that found expression where the Erie might have been and should have in unrestrained public utterance and in celebrations been. It is idle to speculate on how different the of great magnitude. country's commercial affairs and individual power The New York & Erie Eailroad, which was the first and fortune would have been if short-sightedness, in- corporate name of the concern, was incorporated by competence, or what you will, had not reigned in the New York Legislature on April 24 1832. The Erie management two generations ago. It is reason- project had been broached some time before. The able to say, however, that there would have been no author points out that when the idea for a railroad Vanderbilt kingdom, no Gould dukedom to-day. through the region and over the route now occupied Who might now be the King of Erie it is impossible to by the Erie first found expression, seventy years ago, know; but he would be the greatest railroad monarch railroads were so strange in this country, in fact so of the age. And an outlay of less than $90,000 in 1841 almost unheard of, that in but three States of the would have made him such." Union had there been any movement made toward a It was not till ten years later that the road was com- practical application of them as a means of transpor- pleted to Like Erie. Oa May 14 1851 it was for- tation—in Massachusetts, in Pennsylvania and in mally opened from Piermont to Dunkirk. And what
Maryland; less than sixty miles of railroad, or of what a wonderful occasion this was I National and munici- then passed for railroad, existed in all the broad land. pal oflBcials showed their appreciation of the great- When the movement toward the construction of the ness of the event and the vastness of the undertaking. Erie began, Missouri was the only State west of the The Common Council of the city of New York passed Mississippi; Chicago was a small village clustered a vote of thanks to the directors ''for the zeal, energy about Fort Dearborn, and yet unnamed; Buffalo was and devotion to this enterprise, so successfully brought a AVestern village and Detroit a frontier post. to a termination after it had been so hopelessly aban- While all railroad enterprises in those days had trou- doned by their predecessors." Afac-simile reproduc- blesome experiences the Erie had more than its share tion of the original report and resolution, which had in its early struggles and trials. Indeed the Erie has been gotten up in very elaborate style, is furnished as been singularly unfortunate throughout its whole a frontispiece to the book and it makes a striking career, and in looking back now it almost seems as if souvenir. The resolutions " hail the completion of the fates had been against it from the beginning. this gigantic and stupendous work as emphatically Our author mentions one opportunity that came in The Work of the Age." The names of the direct- 1841 which if it had been availed of might have ors are all mentioned, and what an array of persons changed the whole future history of the road. In illustrious in the mercantile history of this city the 986 THE CHRONICLE. [Vol. LXIX. list comprises! Benjamm Loder, Henry Stieldon, Delaware Valley stopped at Cochecton, Callicoon and William E. Bodge, Ooraelius Smith, William B. Sii_d- other places to take on invited guests and give the more, Charles M. Leupp, Daniel S, Miller, Shepherd people an opportunity to see and hear the prominent Kaapp, Thomas J. Townsend, Marshall 0. Roberts, men who were the orators of the occasion. At Calli- Theodore Dehon, Henry Suydam, Jr., Samuel Marsh, coon a banner was presented to the officers of- the Homer Rimsdell, Tnomas W. Gale, John J. Phelps company containing on the reverse side this inscrip- and Norman White. Benjamin Loder was the Presi- tion : Bring Out the Big Gun, dent, and it was to his tireless energy and his ability Lo—der! to overcome great obstacles that the completion of the The Mountains are Levelled, the Valleys are road was due. Mr. Loder had been twenty years in Filled, and the Marsh is Dry. the dry-goods trade and had accumalated a fortune, The subsequent history of Erie is also narrated at when, in 1845, he was called upon to assume the task length, and is no less interesting. Chapters are of carrying out this great undertaking. It was said given containing biographical sketches of the Presi- of him that he had never asked for bank accommoda dents of Erie, the Fathers in Erie, the Rulers of Erie, tion in all his business career. Famous Characters in Erie (including Daniel Drew The people of the State and nation shared the view and James Fisk, Jr.), Erie Graduates of Note, together of the Common Council. Indeed, as the author with tables of mileage, expenses and prices, and also points out, the opening of this line of 447 miles was a gazetteer of cities and towns. In the biographical at that time the most important event in railroad his- remarks the portion which will perhaps attract tory. But one other really great railroad had been most attention is that relating to Jay Gould and his completed at that early date, namely the line between connection with the Erie. The author does not share St. Petersburg and Moscow. ''The present stupen- the view that Gould was responsible for the Erie's mis- dous Pennsylvania Railroad was then but a local line fortunes. He says in the popular mind the impres- owned by the State of Pennsylvania, extending from sion prevails that Gould gained control of the Erie Philadelphia to Hollidaysburg, at the eastern base of when its property was in the finest condition as to the Alleghany Mountains. New York was then con- railroad and equipment, its financial affairs on a nected with Albany, Buffalo and Rochester merely by secure and enviable basis, and its future bright and a chain of ramshackle local roads of different gauges, promising, and that he left it with its treasury looted subsequently combined and fashioned into one uniform of its last dollar, its property in a state of dilapidation system, which is that of the New York Central & and decay, its business gone to the dogs, and its Hudson River RR. Co. of to-day. The Baltimore & future only bankruptcy and ruin. "As a matter of Ohio, although the pioneer great railroad line in fact, when Jay Gould came into the directory of the America, had as yet no important Western connection, Erie in 1868 the company's property, rights and priv- and was conspicuous only as the protector of Balti- ileges were handled only as cards to be played in the more's trade against the attraction of Southern mar- great game of Wall Street speculation." * * kets, which were convenient by Mississippi River " Instead of finding a treasury to be looted, he found navigation." Accordingly the completion of the New one that had to be filled if the company was York & Erie marked the first epoch in rail transpor- to be kept out of absolute bankruptcy, for tation of really national importance. It made pos- there was not a dollar in it. Instead of a finely- sible the uniting of Western commercial centres with equipped railroad, in superior condition, he came into New York City by quick communication that had the possession of one not only deficient in the quota long been the dream of far-seeing minds. It was the of its rolling stock, but with even its available stock uniting of the ocean and the lakes and the beginning in a condition of deplorable dilapidation, and of a of the present great era of railroad supremacy in the road-bed and track sadly and dangerously out of re- financial and commercial world. pair." Money, and a large sum of it, had to be pro- The celebrations were on a most elaborate scale. vided, and provided at once. Gould raised the In this city a grand procession was arranged, in which money. "His method of raising it was undoubtedly the whole of the first, second, third and fourth bri- a heroic one." * * * "The funds in hand, Mr, Gould grades, comprising 9,000State troops, took part. The at once began the reconstruction and building up of company made it the occasion of the very first long- the railroad and the equipping of it with rolling stock distance railroad excursion party known in the coun- commensurate with the demands that he foresaw of try, "one which has never been equaled in the number an increasing business." * * * "Within two years of illustrious and distinguished guests." Ex Governor after Jay Gould became the controlling power in Erie, Marcy attended the celebration. So did President the railroad had ceased to be a thing of ridicule and a Millard Fillmore and the several members of his by-word to the traveling public." Cabinet, including Daniel Webster, John J. Critten- The author thinks Mr. Gould was "the most con- den, W. C. Graham and W. K. Hall. President Fill- summate railroad manager that the country had ever more, in responding to the address of welcome deliv- produced. He knew everything about a railway, ered by Charles M. Leupp, spoke in high terms of the from the rails to the locomotive, and from the brake- enterprise and those who carried it to success, say man's duty to that of the general manager. He ing: "It is the most costly and greatest work of its could sit down and write a traffic contract, which is kind on this Continent, and in the world, with one perhaps the supreme test of a railroad manager's
exception. You say that i-t connects the great lakes perspicacity. lie was a superb exe ^utive officer. He
with the ocean. Yes, sir; and it connects the several applied the military rule to his subordinates. Results, States of this great Union. I need not say that I feel not processes, was his motto." We notice some errors proud of an achievement in my native State which and defects. The author says that when Gould died adds dignity and strength to the whole country." at fifty-six, "he was owner of the Pacific Railroad There were some humorous incidents connected with system, the Western Union Telegraph Company, the the celebration. The train in speeding through the Atchison Topeka & Santa Fe system, the Elevated November 11, 1899.] THE CHRONICLE. 987
Railroad system of New York, and other princely pos- for 1899, agiinst 199,466 bales for 1898), but port sessions." "Pacific Railroad system" is very in- receipts tell a different story and evidence the present definite, and might refer to a number of roads. We season's smaller yield. At the Southern outports imagine it will be news to most persons to hear that these receipts have been very decidedly smaller than Mr. Gould died possessed of the Atchison system. in 1898 in every case without any exception. More-
over the decrease is large at all the leading points. Thus Galveston reports receipts of only 388b553 RAILROAD GROSS EARNINGS FOR bales in October 1899, against 550,732 bales in October 1898; New Orleans 302,188 against 338,- OCTOBER. 134 bales; Mobile 30,555 against 59,074 bales ;
The October earnings of United States railroads Savannah 165,455 against 287,754 bales ; Charles-
furnish perhaps the bpst indication we have yet had ton 52,285 against 116,503 bales ; AVilmington of the great improvement which is taking place in 57,286 against 99,922 bales; and Norfolk 62,328 railroad business and of the further fact that this im- against 121,292 bales. It will be observed that the provement follows not from a large crop movement, shrinkage at the Alantic ports has been even more
but from the activity of trade throughout the whole striking than at the Galf ports ; indeed, the arrivals range of the country's industries. Those who have at these Atlantic ports in most instances are hardly been inclined to attribute recent gains to an augment- more than half the amounts of last year. In the ed volume of traffic in grain and other leading staples aggregate the receipts at the Southern outports were should be undeceived by this latest statement. As a only 1,110,043 bales, against 1,692,822 bales, a loss of
matter of fact the increase in earnings, which is of nearly six hundred thousand bales. The total is large proportions, has been made in face of a contrac- nearly three hundred thousand bales less even than tion in the movement of every one of the leading that for 1897. Here is the comparison for three years staples. at the separate ports. Stated in brief, our table, covering 99,604 miles of aaOEIPTR OF OOTTON AT SOUTH EKN POBT8 IN OCTOBER AND FEOM road, shows for October an increase of $6,094,486, or JANUABY 1 TO OCTOBER 31, IN 1899, 1898 AND 1897. 10-91 per cent. On the same basis the gain for the October. Since Januar\, 1. whole system of roads in the country would reach 10 PorU. 1899. 1898. 1897. 1899. 1893. 1897. million dollars. What lends special significance to 9alveston ouiur 388 553 550.732 361,189 1,176,945 1, ,806 928.2 '5 this improvement, as already stated, is that the roads TsxasClty, &o 3. 90 4,9,-1 5,074 36,f67 51 421 63,800 New Orleans... 302.18'' 338.124 S23.36e 1.845,621 1,667 .Slpll .125,041 had a diminished tonnage in grain, in cotton, in pro- Mobile 30 555 59,074 64,731 12^,480 217 .940j 174,034 visions and in live stock. We do not mean by this riorlda I'-, 182 39,250 14,9>6 149,803 100 .177: 67.918 SaTannah 165.465 287,754 254.604 614,146 734 ,737| 629,950 that every road has suffered in this way, bat that the Brunswick, &o. , 27,663 57,272 41.270 107,613 197,,928 105.5C4 aggregates of these respective items, speaking of the Oharleston 52.285 118,503 108,383 168,604 263, 330 262,270 Port Royal, &c 391 12,330 19.930 4,332 38,,473 54.350 roads as a whole, have declined. lu most instances, Wilmington 57,286 99,922 84,735 13S,669 196,067 176.917 Washington, &o 234 347 593 696 873 691 too, as we shall presently see, the declines have been Norfolk 62.328 121,292 120,4 92 324,995 316,,183 341,563 of heavy proportions. Another fact should not be Newport News. Ac 1,633 6,261 4,107 19.464 21 ,171 13.938 forgotten. Tnis year's gain in earnings comes on top Total 1110,043 1,692,M[;2 J, 391,1&0 4.211.940 5,172,714:3,924,263 of a gain last year, and also a gain the year before. Another circumstance that evidences the falling off In other words, the comparison is with heavy earn- in the cotton traffic and its effects is that this time we ings. For October 1898, on a somewhat smaller have quite a list of roads distinguished for heavy basis of mileage, our table showed 12,6^8,854 increase, losses—something that has not occurred before in or 4-91 per cent, and for October 1897 the record was quite a while. The Missouri Kansas & Texas has suf- $4,603,179 increase, or 8-97 per cent. The $6,094,486 fered a decrease of 190,319, the Texas & Pacific a de- increase the present year is additional to these previous crease of $81,810, the S^ Louis Southwestern a de- gains. Here is a comparison of the October totals ex- crease of $64,900, the Central of Georgia $42,785 tending back to 1895. decrease, the International & Gt. Northern $39,356
Mtteage. «& Earning. Increase decrease, and the P'ort Worth Rio Grande $30,606 or Year Year Year I Year decrease. Every one of these, it will be noticed, is a Qiven. Preceding. Oiven. IFreceilng. Decrease. Southern or Southwestern road. There are other October. MiU* Miles 1895(189 roads).... 104.008 108.812 56,984,143 53 459,370 Inc. 3.624.772 Southern roads, of course, which report a very heavy 1896 (132 roads)... 96,973 96,209 49,8^2 102 52.116.295 Dee. 2,284,193 expansion in revenues; those two great systems—the 1897 (132 roads) 101.109 100.024 55,937,ti69 61,336.0' Inc. 4,602.179 1898 (18? roads).... 97.936 96,938 56.218.787 53.584 9.S3 Inc. 2.628.854 Southern Railway—and the Louisville & Nashville 1889 '111 roads).... 99,604 97.997 61.963,061 55.868,575 Inc. 6,094,486 being distinguished for gains of $385,052 and $380,- Jan. Mo Oct.il. 1896. 136 roads)... 102.504 102,388 436,160.000 416,016,584 Inc. 20,143.486 554 respectively; but the improvement here follows 1896 ;l 87 roads) 9 .678 e4,b08 400.610.130 387,491.581 Jnc.18.148.Be9 from the activity of general trade, and particularly the 1897 .128 roads) IC 0.671 99.287 •I3e,73'»,32 414,781.877 Inc. 21.966.446 18U8(128road8).... 97.935 96,938 462,131. 356 421,851.108 Inc. 40.280,249 wonderful prosperity of the iron trade. Below is a 1899 (1C8 roads) 98.233 96.618 494.436,794|460.571,0i5 Jnc. 43,866.749 table in our usual form, showing all gains and also all With reference to the shrinkage in the traffic of losses in excess of $30,000. It will not escape atten- the leading staples, cotton is the most striking ex- tion that the New York Central appropriately heads ample. Last year we had a very large cotton crop, the list of gains. and as a consequence the movement of the staple PRINCIPAL CHANGES IN CROSS EARNINGS IN OCTOBKR. over the roads was of unusual dimensions. The Increases. Increases. New York Central $fi31 ,772 Northern Pacific $20o,64 9 present season the crop is short, and the fact is ininols Central 441,912 Yazoo & Mies. Valley.. 184,736 itlo Canadian Pacific 394,270 j Mo. Pa< 168,653 reflected in a 3S!'
988 THE CHKONICLE. [Vol. LXIX.
Increases. In<*rea«ie«. BECEIPTS AT CHICAGO DURING OCTOBEK AND SINCE JANUAKT 1. Dill. So. Shore
stated, the aggregates have expanded, several of October. 1899. 1888. 1887. 1896. 1895. 1894.
the separate points have sustained losses. Below are t < t « t t No 555.022 494,574 477.463 538,600 639,213 409.997 the details. BnrLCed.R.& Cauadian Pacific. 3,083,000 2.688,730 2,790,001 2,121.650 2.2-1.857 2,190,968 543.629 628,608 471,576 477,242 891,386 RECEIPTS OF FLOUB AND GRAIM FOB FOUH WBBK8 BNDIMG OCT. 28 Ohio. Gt. West 627.160 ClUaMll.&St.P.. 4,327,689 4,(78.455 3,579,848 3,480,118 3,861,868 8,990,874 AND SINCE JANCABY 1. Duluth S.S.AAtl. 244.173 155,055 150,335 145,010 18>;.7eP 164,131 Qraat Northern.. 3,416,555 3,200,679 2,719.807 2.482,21b 2,519.6(4 2,147,967 runtr. Wheat, Com. Oat*, BarUy, Rye. fowa Central 823,067 203.455 180.331 166,257 198,916 168,888 (frUih.) Ibtish.) (bu$h.) (bwh.) {biuh.) Minn.& St. Louie. 292.162 234,535 266,849 227.194 846.797 220,205 UMcano — M.St.P.&S.S.M. 657,987 508,542 479,072 443,961 476,44H 334,826 4 wks. Oct., 18P9 449.320 4,200,203 15.156,530 9.?.21,780 3,284 08P 809,478 Northern Pacific •3,415,675 •3,207.026 2.784,765 2,498.835 2.707,936 2,420.131 4 wks. Oct., 18P8 5 182,153 12.661,145 10, 4 12,9 1:- 3, 01,05S 768,fl60 Jog. Gr. Isl 132,826 139.373 118,848 90.631 72,618 67,170 Since Jan.l, 1899 4.4De.6P7 24.6^0,102 119.3-4,08) h5,906,11«< ll,36l,45f 2.426,256 3t. 4 BlnceJan.!, 189» 3.587.078 25.897.100 107,312.686 90,660.416 12,83J.722 3,267.710 St. Paul & Duluth 228,225 192,301 210.480 200.t71 812,887 169.722 Milwaukt-e— Wisconsin Cent'l. £55.224 467,622 457.622 394.738 444.428 482,381 4 wUs. Oct., 1899 48o.fl05 1.531.500 675,450 1,463,400 2,478 660l 207.100 4 wks. Oct., 1898 807,105 1,?58,P00 3 0,950 l,03r>,0<0 2.0W,000 216,500 Total 17,658,866 16,113,776 14,733.314 18,260,642 14,321,067 12.C88.125 Since Jan.l, 1899 2.«'93.150 8.70:J,353 6,566,040 U,2.'»4.90l 8,077.171 l,3f8,4ei Since Jan.l, 1898 a,lt5,160 8.086.663 6,095,000 9.573,000 8,431,610 1.422,420 * Includes proprietary lines in these years. at. Loui$— 4 wks. Oct., 1899 1-8.320 936,634 2,019.255 1,4«1.65C 249,750 118,667 BABNIMOS OF SODTHEBN GBOUP. 4 wks. Oct.. 1898 124.400 3,078.960 1.78 ',315 771,856 507.750 29,481 Since Jan.l, 1899 1,20S,3«0 8,919.994 19. 7< 6,230 10,822.925 6=5.< 3' 359,098 Since Jan.l, 1898 1,122.615 10,265,078 Sl,ld2,08c 8,499.430 1,180.664 474.763 October. 18S9. 1898. 1897. 1896. 1896. 1894. Toledo— « S $ < $ 4 wks. Oct , 1899 89.6'^8 599,805, 1,097.765 227,8051 110,600 21.600 4 wks. Oct., 1898 4.410 l,35rt,l»9 1,451,827 134.523 38,463 Alabama Gt. So. 198,895 154,439 142.947 155.819 176.638 166.008 Since Jan.l, 1899 563,208: 14,285.314 13.214,782 8.1*8.381 807.006 718.187 C«nt. of Georgia. 607,106 649.891 617,787 59(<,9l4 698.5 65 608.619 Since Jan.1, 1898 39,17tf 13.816.817 9,417.886 2.2:2,426 310,766 906,915 870,882 Detroit— Ohesap. I Santas Citv— , t Figuren ar- approximate same as lor 1.">9M; actual earnings were larger, 4 wks. Oct.. 1899 2,''fl8,900 589,750 267,0001 + Includes Montgomery Division for 1899 only. 4 wks. Oct., 1898, 4,372.(HiO 340,000 227,000 Since Jan.l, 1899 17 9-9.350 6,7 I lotal nf all- i . 1899. 1898. 1897. 1896. 1896. 1884. 4 wks. Oct.. 1S99 l,760.P5«i 28.791.736 22,737.892 15,630.70ri 7,677.6601 e4S.8Il October. 4 wks. Oct.. 1898 1.476,716 40.464,828 19.570.646 15,78''.S:92 7,014.522; l,470.O6t( Since Jan.l, 18»» 13.490.058' 193,«71,866l201.S»7.196 15010471624,172 998, 6,:^50,4G5 < * $ « » » Since Jan.l, 1898 11,004.028 I73,24:i,7ie' lb3,401.800 140730442 26,237.378 8,091.406 Col. Midland. 197,3.39 157.810 177.277 164,783 183,411 150.940 Den.&RloGr. 958,400 884,600 791,957 722.225 779,069 726.757 Chicago has fared better than most of the other FUW.&D.C. *169.6j7 166,993 161,694 18? ,508 134,608 177.121 lnt.*Gt. No.. 483,658 623,009 407.837 48.',37« t362,e02 t561,671 points, its loss in wheat having been comparatively I.C.F.8.* M.. a486.8e8 a376,C64 477.017 444,065 450.449 465,360 Mo. K. & Tex 1.148.804 1.538.52'> 1.403.5; 1,318,60'- 1.848, < 92 1,417,964 small, while at the same time it has had the bulk of Mo.P.&Ir.Mt 2,945.000 2.786,347 2.723.C05 2,ve5,l67 8.497,268 2 878,987 the increase in corn. As a consequence its aggregate R. Gr. West 425.800 335,200 345,878 239.647 255.611 239,180 3t. L. & S. Fr, 733,213 6t6.629 684,661 661,819 633,657 649,281 of receipts of all kinds of grain at 34,758,147 bushels 8t.L. Southw. 601,597 666,497 606,*)60 661,99(1 681.412 662.669 Texas Pao. 930.780 912.600 903,964 857,300 827,951 1,080,514 for the even month in 1899 is slightly better than the & 7,654,488 7,954,30£ 8,440.320 similar total for 1898; the result would be different, Total 9,280,007 8,033.278 8.678.395 however, if comparison were made with 1896, the a Figures here for 1899 and 1898 are simply the totals of the earnings for the four weeks of tbe month as reported in the weekly returns; the month's earn- receipts at that point having nus usually exceed the weekly estimates quite cousidernbly. then been 40,499,084 + Galveston Hou.ston * Henderson included for these years. • Figures for fourth week of October, 1899, not reported ; taken same as last bushels. year. . ... i ... .. 8 November 11, 1899.] THE CHRONICLF. 9S9 EABNIN08 OF TBDNK LINES. 6ro«t Mamtng*. Mileage Name of Boaa. Inereate or October. 1899. 1898. 1897 1896. 1895. 1894. 1899. 1898. Decrease. 1899. 1898. $ 1 $ $ « B.&O.S.W. 660.628 677,326 625,937 58*',492 619.779 594,104 $ $ Loulsv.Hend.ASt.L.. 61.197 44.72S +16.469 166 166 CCC.&StL l,152,7fi2 1,839.497 1,325,216 1,297,581 1,327,485 1.290,200 Lonlsv. A Nashville.. 2,483.440 2,102,886 +380 554 2.988 2.988 Peo.&East 209,939 173,870 164,lfc0 140,£85 196,574 140,698 Macon A Birmintr'm. 7,423 7,560 —137 97 97 G.T.ofCan. 1 1,967,618 1,934,274 1,794,510 1.802,988 Manistiaue 6,542 4.214 +2,328 59 59 C Ch. & G.T. > 2,500,681 2.260,573 286.09? 27C,0'9 262.7 3 234,064 Mexican Central 1,359,645 1.235,324 + 124321 2,010 2,010 1 Mexican National.. 605,883 5^6,611 + b9,272 1.266 1,219 D.G.H.&M [ 102,11J 97,517 97.702 100,374 N.Y.C.&H+ Mexican Railway.* 255.200 230,900 +24,300 321 321 5,005,877 4,374,105 4,20S.\i4H 4,097,5P4 4,133.753 3,8i0,830 Mexican Southern*.. 39,530 40.332 —802 227 227 Wabash.... 1,674,194 1,313.1SS 1.305,01(1 1,094, '11 1,31J>,7.SS 1.173.808 Minn. A8t. Louis 292,162 234,535 +57.627 507 366 Mlnn.St.P.A8.8te.M. 557,937 508,542 445 1.272 1,195 Total 11,490,716 10,1?4,226 9.«fi«.e2' 9,361,174 9,748,259 9,I47,0>6 +49 tto Kans. A Tex. svs 1,448,204 1,538.523 —90.31.U 2.208 2,197 + Includes after 1897 the Beech Creek RK. and after 1898 the Fall Brook Mo. Pao. A Iron Mt. 2,822,0^0 2.674.347 + 147,8.03 4,938 4,938 system. Central Branch 123,000 112.000 + 11.000 388 388 MoDlleAOhiod BARNIN08 OF MIDDLE ANE MIDDLE WESTERN BOADS 513,117 398,507 + 114.610 876 687 Mont. A Mex. Gulf .. 102,067 107.091 —5.024 390 390 Naah. Chat. A St. L.. 594,673 530.291 +64,382 935 935 Octotter. 1869 1898. 1897. 1896. 1896. 1894. H.Y.Cen.AHud.Riv.: 5.0O5.877 4.374,105 +631.772 2.82H 2,585 S. Y.Ont. A West.... 426,842 368,32 +58.515 481 481 « t 9 t 9 t Worfolk Western. . Ann Arbor A 1,162.811 1,0 '1,020 + 151,791 1.551 1,561 136,981 120.062 125.107 98,957 104,053 99,606 Northern Paclflo 3.415 675 3,<:07,026 +208.649 5,004 4,890 Buff.Roch. A Pitt 418,534 349.671 3; 3,702 3«3.316 237,687 284,774 Ohio River 126.321 98.105 +23.216 2.24 224 ChicaeoA Bast 111. 4;i.450 414,935 442,214 366,30.^ 405.785 ?54 093 Peo. Deo. A Evansv. 85.785 79,9il +5,854 254 254 E>ltt8b. Bess. Chlc.Ind & Loulsv. 36?.BH3 306,100 325.109 267,057 317.950 292,527 A L. E.. 209.024 119.064 +8H,i*60 : Kind. ."i Ft. W. & West. 12,160 7.64 +4,=>15 7- 78 Dul. So. Shore A Atl.. . 1,98 ,680 1.5d0,065 455,615 Flint APere Marq... 30^.437 289,924 + 12,51.^ 657 6r>7 Elgin Joliet A Eastern. 1.486,443 1,266,608 219,-35 Fla. Cent'l & Penin.. 216.943 220.163 —3,220 940 940 Bvansv. A Indianapolis. 284,269 264,270 l'».9^9 Ft. Worth & Den. C* 119,>S73 117,--i29 + 2,644 453 453 •bvansv. A Terre Haute. 1,134.355 1,045,655 88,700 Ft. Worth & Rio Or. 52,981 83,58" —30,606 146 14t Find. Ft. W. A West'n.. 97,780 73.803 23.v<77 GadacJen & Att Un.. 1,677 625 + 1,052 11 11 fXiat A Pere Marauette. 2,744,490 2,506.511 237.979 Georgia* 107.800 122.483 —14,683 307 30- P^a.Cent. A Peninsular. 2,186.3(18 2.512,8 1 326,473 Georgia & Alabama. 115,195 119,226 —4,031 458 458 Ft. Woith A uen. City.* 1,238.573 1,098,956 139,617 G». South. A Florida 101,663 85,733 +15,930 285 285 t^. Worth A Rio Gr'de.. 386.234 416,v07 29,973 Gr. Trunk 3,fi28 of Can... ) aaasden A Atalla Un . . 9,904 5,976 Chic. A 6r. Tr*k.. > 2.500,581 2.260.573 +240,008 4.042 4.042 Georgia* 1,261.941 1,221,188 40.752 Det.Gr.Hav.AM.S iJeorula A Alabama 1,028.964 1,021. l^8 7,776 et. No.—8. P. M. A ivi 2,748,884 2,540,895 +207.P89 4,598 4.549 Ga. Southern A Florida. 843,708 806,02d 37,685 Eastern of Minn.. 485.816 464,77«J +21,046 35a 304 •rand Trunk Montana Central. 18 1 ,8 >5 195.014 —13.159 2to2 2b2 Chic. A Gr. Trunk 21.487,367 19,755,021 1,732.846 Gulf Beaum'tA K.C. 23.10m 19,536 +3,5d4 75 75 Det. Gr. H. A MilwS. Hocking Vallev 3 6,322 2l4,9^9 + 131.36T 34 fi 346 ireat No. St. 1'. M. A M 17,450,971 15.810,602 1,6 10,? 69 Illinois Central a 2.908,64h 2,466,737 1-441,312 3,679 3.671 Eastern of Minnesota. 2.5^8.413 2,028.474 509,944 Internat'l A Gt. Not. 48.:i,653 523,009 —39,35e 775 775 Montana Central | 1,616.103 1,657. 63, .41,660 Inieroceanic (Mex,).' 218.20(. 194,440 + 23.760 555 655 Gulf Beaumont A K.C. 235.468 152,4131 8'3.055 Iowa Central 223,067 203,45.^ + 19,6'; 546 509 Hocking Valley 2,^02,574 2.172, 79 6i;9,99^ Iron Railway 6.101 4,339 + 1,-62 20 20 Illinois Central o 24,357.754 22,505.940 1,853,-14 Kanawha A Mich 58,815 46,3^0 + 12,495 172 L 172 inc. 990 THE CHRONICLE. [Vol. LXIX. Name of Road. 1869. 1898. Increast. Decrease. been chosen Vice-President. The company has a capital of $600,000 and a surplus of $138,6S9. The directors are: A. A. LehJeh & Hudson River 397.671 316,309 81,362 Barnes, C. H. Brownell, S. A. Calbertson, Thomas C. Day, Lone Island RR. 3,882,772 3,959.679 76,907 Los Anpejes Terminal.. 100,731 76.92;- 23,807 Henry Eitel, I. C. Elston, John H. Holliday, George Kothe, Lonisv. Evan8V.«fe St.L.. 1,4'< 0,857 1,289,154 181, 03 Henry Long, Volney T. Malott, Edward L. McKee and Sam- Louisv. Bend. »fe St. L.. 499,201 403,918 95,253 Louisville & Nashville.. 21,140.'^71 18,661.093 2,479,478 uel E. Rauh. Macon & Binulu^ham.. 5H,986 47,85e 6,130 The stockholders of Manistlaue 70.3a3 89,9.'>^ 19,125 — the Union Trust Co. of Providence, Meslcan Central 12,.577,4 10.9,3.138 09 1,604,271 R. I. , capital $250,000 and surplus and undivided pr fits of Mexican National 5,7i^3,45c 5.087,937 705,521 Mexican Railway* 3,658.400 3,331.300 327.100 $126,950, recently made a contribution to the surplus fund of Mexican Southern* 6! 5-,^ 163 85.006 3. 69 8, the company of an amount equal to the capital, for the pur- Minneapolis & 8t. Louis 2,307.404 1,804,353 {503 051 Minn. St. F.&8. 8te. M. 8.776,054 3,471,514 304,540 pose of erecting a new building. This course was taken to Mo. Kan. & Texas sys.. 9,827 .07< 9,459,125 367.94.' Mo. Pacific & Iron Mt.. 22,717:551 21.724,061 993.490 avoid placing too large an amount of assets of the company Central Branch 1,020,377 1,0?6.'262 75,885 into a fixed investment. Mobile* Ohio) 4,432.«'53 3,479,342 952,711 Monterey & Mex Gulf. 1,027 4 1,175,4 17 I'is.ii 3 — Charles H. Cole, President of the Gl obe National Bank Nash V. Chat. A St. L... 5.0b8.597 4.869,652 198,945 JS. Y. Cent. & Hud. Riv. 41,742,303 37,897,146 3,845,157 of Boston, capital $1,000,000 and surplus $253,882, has re- N.Y.Ontario & West'n.. 4.013,272 8V3..^12 3,189,760 signed. The present condition of the bank, as disclosed by Norfolk & Western 10,468,36b 9,304,462 1,163 90i Worthern Paoillc 22,98-<,'75 21,386.711 1,601,961 a recent official examination shows, it is stated, decided Ohio River 963,723 801,646 162.077 Peoria Dec. & Evansv.. 724,012 675,^67 48, 4 strength. The individual deposits were $-^,366,826 and the Plttsb. Bees. & L. Erie.. 1,51 1, o.""-; 1,110,447 400.610 loans were $7,844,000. Plttsb. Lisbon & West'n 39,139 39,25t< 8f<0 Pittsburg & Western l,622,04t 1.484 8 November 11, 1899.] THE CHRONICLE. 991 ments, average amount of specie, legal tenders and bank Capital, Net Profits, .notes, and average amotmt on deposit with other New York Average amount of Loans and Discounts and Investments, City and Brooklyn banks and trust companies, and average Average amount of Specie, amount of net deposits. Average amount of Legal-Tender Notes and Bank Notes, The companies which are not affected by these rules are Average amount on deposit with other New York City and Brook- the United States, the Central, the Farmers' Loan & Trust, lyn banks and trust companies. Average amount of net deposits. the New York Life & Trust, the North American Trust, Signed, H. W. CANNON, and the Produce Exchange, the latter having recently sur F. D. TAPPEN. ) Sub-Committee. E. H. PERKINS, Jr..} rendered its Clearing House privileges, whereas the five first- These statements are not at present intended for publication. named companies have had no Clearing House agents. Sev- At this meet in er it was also resolved that hereafter all statements enteen New York and ten Brooklyn compinies and a Bay- of averages submitted to the CleariDg-House by members and non- onne, N. J., trust company are, however, affected by the members must be verified and siarned by an officer. new rules. RespectfuUy, WILLIAM SHERER, Manager. New York Clearing-Housb, It may be noted that these rales show no disposition on the part of the Clearing House Committee to antagonize trust companies. The rules are adopted simply as a con- FAILURES BY BRANCHES OF TRADE. servative measure which the Committee felt it its duty to We take from Dun's Review the following statement take under the circumstances. trust companies are New showing the failures in the United States by branches of being formed and these companies are making application trade for the month of October in each of the last three for admission to Clearing House privileges. The institu years: tions have as yet only capital and surplus, and with regard FAILURES BY BRANCHES OF BUSINESS. to most of them nothing is definitely known respecting the character of the business they propose to do. It has been Jtfonth of October. castomary for the Clearing House to require that applicants 1899. 1898. 1897. for privileges shall, so to speak, pass a period of probatijn No. Uabilitiei. No. Liabilitiea. No. lAabiiitiet. during which their standing may be established. Therefore Manufacturert. $ $ $ Iron, foundrieg and aails.. 2 65.000 i ?5,000 it was deemed proper that trust companies should be ia Hacnlnery and tools 7 68.741 14 822,0 It 134.368 Wool'ns.c'rp'tSitknitgoods 1 15.00 9 1.98 -,«< 1 6,100 existence at least one year before applications therefrom for Cottons, lace and hosiery. 4 70 12;^ 1 28,< 00 Lumb'r.carp'nt'rSit coop'rs 2f ese.va' 28 655.716 3^ 821,618 Clearing House privileges should be entertained. Clothing and millinery. .. 20 546,498 IS IWS.S-O 21 i64..5M» Hats, Kloves and furs. . . 3 19,01 3 16,-00 4 81,i00 With regard to the rule requiring examinations, the com Chemicals, drugs & pamts. i 43,000 5 6l.6;0 6 94 600 Printing and engraving.... 5:.414 b 21, 4^ 15 165.100 mittee felt that 10 inasmuch as Clearing House rules required Milling and bakers 7 20,48P 6 49,11(10 11 80,880 that all member and non-member banks should Leather, shoes & harness 8 1 14,f 6£ 14 1.3u,8'l 9 6a,6«0 submit to Liquors and tobacco 4 168.-0 9 16 .8 7 443, 00 33.08»> a^.soo 9 examination, there was no reason why trust companies ^lass. earthenware St, brick 4 8 14J.011 111 other 51 664.081 62 1,802.373 6( ii90,0lt enjoying Clearing House privileges should not likewise sub Total manalactnriDg... 146 2.297,505 176 7.1*6.; 10 18\i 2,87831S mit thereto. Moreover as now non-member banks are Traders. required to make weekly statements of their condition and ieneral stores 52 225.07'^ lie 676.65^ 97 E90.168 Sruceries, meats and flsh . llO 80\:-7f 116 434,8i9 148 365.618 these statements are regularly published, it was thought not Hotels and restaurants 82 ]03,3ne 22 lie,64- 81 12H.112 Liquors and tobacco 04 844,62)' 61 241,451 eo 457,959 unreasonable to require that trust companies should like- Clothing and furnishing... 21 144.2^8 43 821,-06 63 343.878 Dry gooa s and carpets 32 348. 46 8 1,967,302 47 1.4H4.993 wise make weekly statements, though not necessarily for Shoes, rubbers and trunks 1* 64.576 2s- 4u:{.('0l 42 262.76» Furniture and crockery... a 60,074 H 68';9t 18 60.075 publication. This seems to be reasonable since the Clear- Hardware, stoves & tools. 17 77,c7^ 31 269,499 3Yule's force in numbers larger (1) No trust company shall be permitted to clear through any mem- than had been anticipated. Moi cover, the beginning of the ber or non member of this Association, unless such trust company bombardment of Mafeking reminded the public here that the shall have been in actual operation for at least one year at the time Boers were still in great strength and had by no means lost of making the application. their cnnfidfuce, and consequently that the struggle before (2) No trust company shall be cleared by any bank or trust com- us is still sure to be fierce and possibly mny be protracted. pan, member or non-member of this Association, until it shall have There has been, likewise, very active buying in the Ameri- been examined by the Clearing-House Committee or some other com. can department. The general public is not taking part so mittee of the Association duly appointed for such purpose. much in the American movement as m the South African. (3) Every trust company clearing through a member of this Asso- But there is a very considerable number of the public that ciation or -which may hereafter be permitted to clear through such has always been interested in American securities and which member shall furnish a weekly statement of its o 992 THE CHRONICLE. [Vol. LXIX. durance shown by the Boere, there ia a fear that money may The following return shows the position of the Bank of become scarce and dear, which is discouraging a great many England, the Bank rate of discount, the price of consols, operators and inclining them to wait for further develop- &c., compared with the last three years: ments. 189». 1898. 1897. I89fl. The Chancellor of the Exchequer on Monday night stated Oct. 25. Oct. 20. Oct. 27. Oct. 28. £ £ £ is £ how he to raise the ten millions sterling at which the cost Olrcnlatton 28039B70 87.170,275 27,970,055 28,708 700 of the war is estimated. The financial year in this country Public deposits 8072,2i}7 6,69«,030 e.fllW 451 5,747,899 other deposits 42.472,772 S6,^8,3^7 38 294,2o6 43,607 839 ends on off. the 31st of March, just five months And the Sovernment securities 16.185.9S*0 10,60l,f40 J8.7^3.f54 14,<>47,2o4 Chancellor of the Exchequer has therefore decided that he Other securities 33,728.440 k;9,e07.671 2a.r>75,153 26,882,483 aeserve of notes and coin 22,527,147 21.28s,166 21,4!^8.i48 26,273.873 will not increase taxation for the present year. Income tax Coin & bullion, both departm'ts 38.766,717 81,608,156 S1,92M71 36,182,073 comes in very largely in the March quarter and an increase Prop, reserve to liabilities. p.ct. 44 7-16 48^ 47^ oS 1-16 Bank rate percent. 6 4 3 . of the income tax, yield considerable sum. *., therefore, would a Consols, 29i per cent 103 15-16 109 111% ipsji But the other taxes would yield vtry little, and the Chancel- auver 26Hi. vSd. 27Hd. 29T«d. Olearlnsr-House returns 133.»4<,CO0 135,780,000 133.106,000 131,786,000 lor of the Exchequer thinks it would be unfair to impose a burden upon the income tax-payers which would not be Messrs. Pixley & Abell write as follows under date of borne by any other class of tas -payers. He postpones, there October 26 : fore, until April next, when the Budget for the coming year Gold—The Bank has received £504.0ro, of which £456,000 was will be introduced, his proposals for the paying off of the bar gold: and £238,000 baa been withdrawn, £200.000 beins for Oct. 19 Bom- ten millions sterlii g. Meantime he stated that he estimates South Africa and the remainder for Indi«. Shipments- : Zealand, £lO,OoO; Australia, £34,000; the surplus of expenditure, not including, of bay, £21,000. Arrivals: New revenue over South Africa, £39,000. course, the cost of the war, for the current financial year will Silver—Actual sales of sliver by the Indian State of Gwahor have be about three millions sterling, and he takes power to apply now commenced, and although the news that the French Mint requires temporarily steadied the marSei, the these three millions to defray the war outlay. Therefore he £40,000 silver next week has tendency is weak and lower prices are expected. New York has sold will sterling. have to borrow only seven millions The larger moderately. Price in India t)7^. Shipments—Oct. 19 : Bombay, part of this he will obtain by means of loans from the eav- £40,0(10; Hong Kong, £34.000; Penang, £5,000; Shanghai, £11,000.. : ,000. ings banks. Airivals New York, £ 19 1 Every year the new deposits in the savings banks amount The quotations for bullion are reported as follows to about ten millions sterling. A portion of these funds has already been invested, but a considerable amount is avail- Gold. Oct. Oct. Silver. Oct. Oct. able. the Chancellor of the Exchequer Probably between London Standard. 26 19. London Standard. 26 19. now and the end of March will be able to get five millions sterling from the savings banks. In the meantime he will s. d. s. d. d. d Bar silver, flne...oz 26S8 ^6*8 have to borrow by means of Treasury bills either in the Bar gold, fine oz. 77 9 77 9 U. S. golt coin...oz. 76 51a 76 51s Bar silver, contain'g open market or from the Bank of England. Probably he Germ' a gold coin. oz. 76 61a 76 61a no 5 grs. gold.oz. 2718 2718 c,g, will borrow iu the open market at least a couple of milUoL'S French gold ooln.oz. 76 61a 76 6ifl do 4 grs. gold.oz. 26i<»i, 26 sterling, and possibly he may postpone payments to con- Japanese yen oz. 76 5 76 5 do 3 grs. gold.oz. 26% Cake silver oz 28ili, 2811IS. tractors until the savings banks' money is suflBcient to meet Mexican dollars. oz. 263^ i26Si» all such demands. For the ultimate clearing off of the seven millions the Chancellor of the Exchequer intimated that a por The following shows the imports of cereal produce into the tion would have to be borne by the Transvaal. Bat of United Kingdom during the first eight weeks of the new course it is too early yet to say how much or when. He season compared with previous seasons stated, however, that he hoped to pay off the whole of the IMPORTS. seven millions in the course of the next two years. 189!?. 1897. 1896. The Chancellor of the Exchequer might easily raise a con- 1899. Imports ofwheat,cwt.l0.] 56,900 9,560,500 8,759,300 9,424.670 pie of millions sterling in the open market here during the Barley 3.066.000 5,i89,800 3,?38,< 94 4,184,810- next two months without causing an undue rise in rates, Oats 3,477,200 2,334.370 2,473,-80 2,7(J4.350 340,760 475,410 552,735 provided, of course, that there is no heavy drawing for gold by Peas 505,700 Beans 2y3,lf0 44^,800 675, 20 569,590 New York, and that the Government itself has not to send out Indian Corn 9.324.900 7.399.100 8,475,500 10,462,380- very large amounts of gold for war purposes to South Africa. Flour 3,537,000 2,992,330 2,251,100 3,235,570 Just now the market continues very easy and the loan rates Supplies available for consumption (exclusive of stocks on are very low. The Bank of England, however, is gradually September 1): getting gold, and in the course of next month very large 1899. 1898. 1897. 1896. will amounts of bills taken by the Bank fall due. Within Wheat imported, cwt.10.156,900 9,560,500 8,759,300 9.424,670 the next three or four weeks, therefore, the Bmk ought to Imports of flour 3,537,000 2,992,330 2,251,100 3,235,570 obtain control of the market, and if the Government should Sales of home-grown. 5,450,255 5,177,246 5,393,822 4,677,084 borrow a couple of millions sterling in the interval, it would Total 19,144,155 17,730,076 16,404,222 17,337,324 so greatly reduce the supplies in the open market that practi- 1896. cally the Bank of England would be able to make rates 1899. 1898. 1897. Aver. price wheat,week 28s. 2d. 268. 8d. 328. 2d. 28s. lid. what it pleased. Assuming that the drain of gold to South Average price, season. 26s. Od. 268. 5d. 328. lid. 258. 5d. Africa and to New York is not too great, the Bank would no quantities of wheat, flour and doubt keep its rate at 5 per cent, but make that rate effective. The following shows the If, however, so much gold were withdrawn either for South maize afloat to the United Kingdom: Africa or for New York, or for both together, as would en This week. Last weefe. 1898. 1897. 1,800 OOO danger the Bank's reserve, it is quite possible the Bank might Wheat qrs 1,605,000 1,675.0< 1,115.000 Flo'ir, equal to qrs. 290.000 315,000 270.000 310,000 have to put up its rate. Maize qrs. 1,030.000 940 000 580,000 285,000 The general impression here at present is that Germany is not in a position to take gold. There is usually a very tight Enslisli Fluanclal Markets—Per Cable. time in Germany for a week or two after the first of Novem- London ber. But about the middle of the month money ought to The daily closing quotations for securities, etc., at grow easier. Possibly, therefore, the German Bank rate are reported by cable as follows for the week ending Nov. 10. may have to go higher, though it is not thought probable. Is is in Fri. In any event believed here and Berlin that Germany London. Sat. Man. Tties. Wed. Thurs. \ is not in a position to take much gold. I 26'Bi, £7Bi« to the 'a Silver, per ounce d. 26% 26% 26>2ie 273ie With regard German money market good deal 103^8 104 10.<% OonaolB. , ne , 2 p. ots. 1 1 03 '8 10358 1038h w % I upon the ion of the great French banks. ' lOSlB.ft depends ac There For account 104i8 103 '8 10313u 10418 10414 is a rumor in France that ihe Bank of France intends to put Fr'chrentes(rnParl8)fr. 100-25 0017»s 100-10 100 25 002213 100-20 64 58 64I4 up its rate for the purpose merely of compelling the great Spanish 48 631* 63% 6358 6358 2338 2318 2338 2338 2318 2258 to of the capital Atch. Top. & Santa Fe..; French banks withdraw some they are now Preferred 68I4 67 38 6h58 68 67 5414 employing in Germany ; and there is a *^ear entertained in Baltimore Ohio 54ia 541s 5414 5414 & , 7438 Berlin tuat American bankers will withdraw some of their Preferred 75 75 I 76 75 97i« 97'8 98I4 9759 97% ! Canadian Paclflo j 98% fnnds because money is becoming dearer in New York. If 29I4 2^is Chesapeake & Ohio 23 14 29 I 29 130"" 130i« that should happen, if both French and American money Ohio. Mil. & St. Paul.... 13014 12955, 129»8 127% 2288 2178 were withdrawn on any considerable scale, the stringency Den. & Rio Gr. com.... 22 la 2V38 221a 78S8 78»« 78 »a 78 7714 in Germany must become very serious. But even so, Ger- Do do Preferred.. Brie, common 13% 1388 13'8 IS's 1378 1312 man bankers declare that Germany has not the power to 3S>38 39% 39% 3114 1st preferred ! 39 381s take much gold from this country. Illinois Central |ll8ia II8I4 1181a 1181s II8I4 117% t9l8 SS'b 871s Louisville & Nashville. 89 >« 88 ---a 89^ There is also a fear growing up that there may be a crisis I 1338 1314 131s li>>6 13 in Belgium. Just as in Germany, telgium has been over- Mo. Kan. November 11, 1899.] THE CHRONICLE. 993 ^ommtvcinl and ^isctlluntoxxs g^etus and since January 1, 1899, and for the corresponding periods in 1898 and 1897. National Banks.—The following information regarding EXPOBT8 AND IMPORTS OF SPECIE AT NEW YORK. national banks is from the Treasury Departnitnt. Exports. Imports. MATIONAL BANK ORGANIZED. Gold. Week. Since Jan. 1 Week. \SinceJan.l. 5,224—The Fir.st National Bank of Pawnee, Oklahoma Territory. Capital, $50,000. C. J. Shapad, President; S. B. Berry, Great Britain $9,02n,000 $6,305,183 Cashier. Certitlcate ISRued October 20, 1899. France 2,933,056 6,225—The Bank of Pittwhurg National Association. Pittsburg, Penn 7,397,580 Germany ...... 3,2.'='0,000 1,128,132 svlvanla. Capital, $1,200,000. James J. Donnell, President; West Indies $25',db'6 5,660,708 $6,706 2,191,345 W. P. Biekel. Cashier. Certifloate Issued October 23, 1899. Mexico ...... 36,060 430,957 665,275 5,226—The First National Bank of St. Marys, West Virginia. Capital, 8outh America 486,522 5,100 539,563 $3' ,000. Jno F. Barron, President; W. B. McGregor, Cash- All other countries. ^,721 86,532 ier. Certificate issued October 26. 1>^99. 130,246 5,227— The Cement National Bank of Siegfried, Pennsylvania. Capi- Total 1399 $13 849,086 tal, $50,000. Oliver Williams, President; $25,000 $25,936,116 $451,484 , Casher. Total 1898 966 991,9 6 96.222,778 Certitlcate issued October 30, 1899. 38,222 8,881 Total 1897 18,180 7 9,901 13,295,431 5,228—The Citizens' National Bank of Potsdam, New York. Capital, 29,763,726 $50,000. William L. Pert, President; Edson M. Perkins, Vice- Exports. Imports. President; W. L. Shepard, Cashier. Certifloate issued Octo- Silver. ber 30, 1899. Week. Since Jan. 1. Week. SinceJan.l. 5,229 -T '6 American National Bank of Richmond, Virginia. Capital, $200,000. Oliver J. Sands, President; J. W. Lockwood, Jr., Great Britain $604,865 $36,167,873 $399,599 .ashler. Certiflcate issued October 31, 1899. France ...... 70,806 1,886,17« 10,308 6,230—The First National Bank of Barberton, Ohio. Capital. $50,000. Germany ...... 237,8f0 5,369 Ed. M. Buel, President; Frederick Keifer, Cashier. Certili West Indies 507.782 '152,235 617.801 cate issued November 1, 1899. tiexloo 9,600 107,341| 1.432,857 5,231—The Brooks National Bank of Torrington, Connecticut. Capi- South America 117,616 12,073 891,079 tal, $100,000. Isaac W. Brooks, President; Ohas. L. McNeU, AU other countries. 10,856 2,>;61| 55,855 Cashier. Certiflcate issued November 4, 1899. CORPORATE EXISTENCE OF NATIONAL BANKS EXTENDED. Total 1899 $67 S.671 $38,937,703 $124,510 $3,412,868 1898 2,159,709 2,434—The First National Bank of Bismarck, North Dakota, until Total 1,015,125 39,906,702 95,587 ' 2.570,050 Sept. 3, 1919. Total 1897 786.671 39,697,144 94.306 2,438—The Chapln National Bank of Springfield, Massachusetts, until Of the above imports for the week in 1^99, $117,194 were September 16, 1919. 2,436—The First National Bank of Las Vegas, New Mexico, until American gold coin and $9 American silver coin. Of the August 25, 1^9. exports during the same time, $25,000 were American gold 2,438—The First National Bank of Monroevllle, Ohio, until October coin. 22, 1919. LIQUIDATION. Government Revenue and Expenditures.—Through che 4,116—The Wise County National Bank of Decatur, Texas, has gone of the Secretary of the Treasury, are enabled into voluntary liquidation by resolution of its stockholders courtesy we to dated Septemtier 7, 1899. to take effect immediately. place before our readers to-day the details of Government 2,502—The Elkhart National Bank, Elkhart, Indiana, has gone into receipts and disbursemerta for the month of October. From voluntary liquidation by resolution of its stockholders dated previous returns we obtain the figures for previous months, September 5, 1899, to take effect immediately. 4,460—The First National Bank of Buchanan, Virginia, has gone into and in that manner complete the statement for the ten voluntary liquidation by resolution of its stockholders dated months of the calendar years 1899 and 1898. September 2o, 1899, to cake effect September \>;99. 30, RECBIPT8 AND DISBURSEMENTS (000 omitted.) 4,367—The Miles National Bank of Delta, Pennsylvania, has gone into voluntary liquidation by resolution of its stockholders dated September 30. 1899, to take efl'ect October 2. 1899. 788—The Louisville City National Bank, Louisville, Kentucky, has gone into voluntary liquidation by resolution of its stock- holders dated October l-*, 1899, to take effect immediatelv. 2,238-The First National Bank of Auburn, Indiana, has gone into voluntary liquidation by resolution of its stockholders dated October 14, 1899, to take effect October 23. 1899. 3,449—The First National Bank of Broken Bow, Nebraska, has gone Into voluntary liquidation by resolution of its stockholders dated October 23, 1899, to take effect immediately. INSOLVENT. 2,082—The Atchison National Bank, Atchison, Kansas, is insolvent, and was on the 5th day of September, 1 899, placed in the CO ... a\ 1— N^ (0 • — * CO — hands of Charles S Jobes, receiver. to — CO*. <3 (SCO I- CO*. 00 CXO OI00(C 00 co»* coo-a ^1 358—The First National Bank of CTOO OOD a> — C0OC9««0 CS 95(3(0 (0 35 0) -» o*co * CTCB* § Penn Yan, New York, is Insolvent, (ZKO -a — « co^*.co*.ai e <:-»o««oa»i- (O 00*05 -a 0(00 and was on the I8th day of Sentember, 1899, placed in the too -•CO «. «DC«oo«io; •3 OOO — «a5* cocs'C CO CSnSto CO .^ *. 1— .^ CO — CO _. ^^ hands of Edward J. Graham. Receiver. 1 » — CO — -J (S-. C0C0O< CO *co — *aia5 00 — COOI -a — (0 05 1,886—The Citizens' National Bank of Niles, Michigan, A. B. Darragh •») — lt>. H--J Ol » » •! o «1 O (O — OO* — lO ot CTOO (O oocoo* appointed receiver in place of Joseph 0(0 994 THE CHRONJCLE. [Vol. LXIX. TKEASURT NET HOLDINGS. Mew York City Clearing flonse Banks.—Statement of Aug. 1. '90. Sept 1, '99. Oct. 1, '99, Nov. 1, '99. Holdings in Snb-Treasuries— « S f » condition for the week ending Nov. 4, based on average Aet KOld coin and bullion 245,254,534 248,757,971 254,32S,820 252.22.'?,797 of laJlv results Wfi omit tuH) civhera fOO) in all cnspji NetsilTer coin and bullion.... . «,0.'9,11 4,'80,H97 5,829,. 17 9.316,1+7 Ret U. 8. Treasury notes 981,-44 8t»5,(!48 1,2 o,i05 934.386 Banks. Capital BurpVs Loans. Specie. Legale, i Deposit* Metlegal-tender notes . 15..'i96,022 17,;i80.6fl5 16,856,416 15,681,;-50 Netnational bank notes 3,5', 6.093 3.63a, 108 8,«40,4 42 3,w«H,ilSl lank of New Tork $2,000,0 $1.(46,0 Net fractional silver 6.381,817 4,130,19a 2,471,571 2,379,613 $1,931,8 $13,239,0 +2.273,0 $12,838,0 tf anhattan Co 2,050,0 2,115,6 19,109,0 2 9e2,( 2.221.0 21,287,0 Merchants' Total cash in Sub-Treas's net.276,558,381 279,547,811 283,343,071 284.533,724 2,000,0 1,087,7 12,678,6 2,169.6 1.3>6,3 14,296.0 Anaonnt in national banks 77,716,441 80,t<61,454 83,le3,T64 8i.0o0,83rf If echanics' 2,000,0 2,118,3 10,791,0 1,814 ( 71? 6,0 10735,0 imenoa. 1,600,0 2,746,i< 18,891,4 4.19^',0 1.669,6 21,7H6,7 Cash In banks &8Ub-treas... 354,274,833 360 49P,266 366 52H.836 866.584.663 Phenix 1,000,0 243,1 4,512,0 776,1 If 6.0 4 V 22.0 Dednct other liabilities, »net.. 79,430,665 81,146,393 78,f3l,222 77,193,123 ity 1.000,0 4,818,6 83,917..'< 22.347,6 3063.8 103.68;<.8 Jhemlcal 300,0 6,698,9 93.676 4,673,1 2,l>i6,6 23,951.0 Actoal cash balance.. ,..274,841,167 279,352,873 287,695,613 289,391.640 tferohants' llxoh'^t 600,0 187,3 4,641.1 9P9.2 889,6 5,liil.O ilaUatin 1,000,0 1.769,6 677,8 6,157,7 • 'Chieardisbarsiue officers' balances." 7,706,0 1,098,7 Sntohers'A Drov'rs 300,0 76,3 1,085.9 266 9 55,8 1,285,8 Bonds Held by National Banks.—The following interest- tfeohanios'& Trad's 400,0 126.8 2,106.1 224,( 151,0 2,148.0 ing statement furnished Jreenwloh 200,0 177 5 96S,3 101,t 194.4 890,6 by the Comptroller of the Currency (joather Manufao'rs 600,0 489,6 3.863,4 l,182,t lt&,2 4,016,8 ahows the amount of each class of bonds held against national seventh. 300,0 176,h 3056,6 588,- 346 8 4,123,1 bank circulation and to secure public monejs in national nateof J.ew York, 1,200,0 648 3.f62,7 403,'i 243,7 3,H<4,7 imenoan Exohangt 6.000,0 2,698,9 26,702,( 3,427.t 1,616 2o,2fO,0 bank depositories on October 31 : jommeroe 6,000,0 3,685,2 25,679,6 1,313,2 3,586,4 18,918,6 Broadway 1,000,0 1,581,8 6,021,7 1,144,'; 166,7 6 287,4 Mercantile 1,000,0 1.042.3 11,461,9 2,369.6 633.7 12 087,6 U. 8. Bonds Held Oct. 31, 1899, to Secure- Paolflc 422,7 490,9 8,0S^9,3 31 1,'! 3o7,4 3,306,4 Description of Bonds. Sepubllo 1,600,0 932.8 18,868,7 4,133,7 079,3 20,492.3 Public Deposits Bank fcee.b Total Hela Ohatham...... 460,0 993,0 6,188,0 723,? 6,286,9 in Banks. Circulation. People's 200,0 294,6 2,170 e 297.3 330,>- 2,703.4 (Toixh America 1,000,0 687,6 10431,0 1.664.( 804,8 11 147,1 aanover 1,000,0 2.678,6 34,128.2 9,464,} 1,467.) 41.828,7 5 p. ots., 1894, due 1904 $8,221,00( $14,665,60 $22,886 600 irvuig 600,0 388,4 3,993,1 408,4 412,5 4,020,0 4 per ots., funded 1907. 28,634.60( 128,822,( 50 157,456.650 Tltisena' 600,0 372,6 2.669,0 616,i- lTi,c 2.722,7 Tfassau 273,9 2,613,2 366,6 334,8 28^2,1 4 p. ote., 1895, due 1925 7,749,500 18,242,750 25.992,250 600,0 Market A Fulton.. 900,0 991,2 6,123,7 1,161,( 481,8 6310,3 3 p. ct8.,'98, due 1908-18 23,878,340 49,825,16( 73 703,500 3hoe & Leather 1,000,0 163,2 8.486,4 68 3,8 270,4 3904,6 1.661,3 16,147,0 2,348.' 2.266.0 18,678 6 8 per ets., funded 1891*. 1,807,500 20,907,600 22,715,100 3om Exchange.... 1,400,0 Oontinental 1,000,0 664,1 4.766,6 1,176.7 223.3 6.649.9 3-858 Dist. Col., 1924... 75,000 75,000 Oriental 300.0 389,4 2,f06,0 le4.( 319,2 1.9600 Cmporters'A Trad'r» 1,600,0 6,784,0 24.(190.0 6,000 1.108,0 21.1U3,0 Total. $70,365,940 $232,463,160 $302,829,100 Park 2.000,0 8,271,6 39.310.0 11,H39( 891.0 47.1220 147,8 1,434,6 i2d.t 134."; 1,630.6 * Bast River 250,0 Redeemable at option of the United States. fourth 8,000,0 3,036.4 21,343.7 4,67 l,V 9l!3,0 22 264,0 The foregoing does not include the bonds held in the New Oentrai 1,000,0 612,1 9,681,0 2,646,< 76a,(- 12,511,0 Second 300,0 778.2 7,577.0 l,63e,C 668,0 8,667,0 York Sub- Treasury against deposits in banks. There were so trinth...... ••' ... 760,0 169,6 2,808,0 36&.( 224,4 2,804.0 held on October 31 $10,963,200 bonds, making the whole Plrst 600,0 7,763,7 32,187,3 6,781.4 667,8 30,621.2 H. T.Nat'lExch'ge 300,0 63,0 2,208,6 33a,^ 300.9 2,401,3 amount at that date in possession of the Government as se- Bowery...... 260,0 866,6 8.U90,0 66?. 5 360,6 3,685,0 enrity for deposits $^1. 339.140 :^ew York County. 200,0 410,4 8,264,9 646,i 278.1 3,f47,7 . German American. 760,0 297,2 3.646,6 633.6 234,8 8.670,1 4,989,b 88,687,7 Seports ot Mon-Member Banks.—The following is the dhase. 1,000,0 1,486,9 82,03'«,8 4.686.8 Blfth Avenue 100, f) 1.211,6 7,&f2,0 l,667,i- 669.7 8,913,2 statement of condition of the non-member banks for the 9erman Exchange. 200,0 672,7 2,526,1 162,0 436,6 8,080,8 227.4 4,6829 week ending Nov. 4, based on averages of the daily resnlts Germanla 200,0 780,8 8,225.0 671,0 Lincoln 300,0 811,6 10,204,6 2,642,!- 4133 12,001,3 We omit two ciphers COO) in all cases. aarfleld 200,0 926,2 6,60B,9 1.440 I 892,9 7,630,8 Wfth 200,0 828,4 2.191,2 367,7 167,6 2,214,9 Btpotit. v>itl\ the 916,3 5,188,3 1.16i,l 265,3 6,841, LoansJc Leg. Bank of Metrop 800,0 2 Net W^estSlde 200,0 376,7 2,726,0 406 377.0 8.082,0 BANES. Oap<. 8ur. Invtsi Specie. AB'h Olear'fi Other Be Seaboard 600,0 565,6 10.130,0 1,640.0 1,024.0 11.717,0 (00s omitted.) tax. pItM. ments. yotee. Agent. Bkt.Jcc potitt. Western 2,100,0 1,153.6 26.67V2 7,0;«9 2 1,010.4 31,396,2 first Nat. B'klyn.. 300,0 638,0 4 0' 2 473.(1 6510 4,271,0 Niw Tore City 16,298,8 Borough op Nat. Union Bank. 1,200,0 1,238,8 14,297,7 8,626 9 387,9 Manhattan. Liberty 500,0 410 6 3,576,8 6^4.0 177.6 4.185,2 % $ 9 i 9 9 9 9 6.?5,ft 317,7 3.497,6 Oolenl&l 100,0 95,6 1,046,8 14,3 69,1 145,7 H. Y. Prod. Exch'ge 1,000,0 364.7 3,996,9 1,185.1 470,5 442,0 3,620.4 Columbia 300,0 200,2 2,310.0 80,0 64,0 167,0 '6,0 2.060 tk.of N. Amaterdan 260,0 363,4 8,311,5 »«t«r 360.0 178,7 3.317,2 £2?.b 227 2 3,464.3 Eleventh Ward... 100,0 131,-^ 1.214,6 69.2 49,8 197,7 1,369 1 240,2 2,378,2 110,8 329,7 1,763,6 Fourteenth Street 100,0 67,0 1,104,8 60.4 64,6 195,6 1,326,8 Hide & Leather 600,0 QanseTOort 200,0 18,3 714,6 27.9 49,^ 16,0 19.'6 684 5 Total. 69.422.7 79.083 7 696.636.1 1404610 48.167.7 765.E68.2 Hamilton. 200,0 96,6 1,289,1 52,1 63,7 134 2 "'7 1,407.4 Home 100,0 89,(' 612,5 38,2 42.1 27,3 696,8 Uount Morris 260,0 6»,3 1.693,0 68,6 112,3 171,8 62,0 2,036,4 Auction Sales. —By Messrs. Adrian H. MuUer & Son : Mutual 200,0 122,6 1,367,7 32.2 104,1 176,4 28,9 1,379.7 100,0 37,4 1,043,1 J 2,7 85,7 213,8 6 Shares. Shares. Nineteenth Ward 1,373,0 22914 Flasa 100,0 140,1 1,900,0 140,0 146.0 1,936,0 lowest Side Bank 400 50 Trust Co. of America RlTorside 100,0 113,8 877,4 14,9 83,0 7'i.6 824,8 10 Union Trust Co 1435 3713 Mech.&Traders'Bank..l00i2 State 100,0 163,6 2,386.0 194,0 99,0 131.0 204,0 2,897 1('2 Ft. Wayne & J. RR com Ve 210 Chio.& Grand Trunk Ry. I'^a Twelfth Ward..., 200,0 79,2 1,227,5 26,0 109,2 79,3 1,0 1,577,8 10 MaBhattan Co. Bank 2fil 20 Amer. Excb. Nat. Bank.. 190 Twenty-thtrd W'd 100,0 66,4 l,0rf7,9 41.4 88,8 39,1 10,0 1,110 9 274 Un. N.J. RR.& Canal Co.. 283 96 Ft. Wayne Gas Co 42 Union Square 200,0 328,8 2,176,8 62,6 170,9 249,6 2,460,1 25 Bankers' Trust Co 225 Bonds. Torkvllle 100,0 162,6 1,661,7 97.8 87.2 63,0 26,'6 1,573,0 "Zi Passaic Water Co. 5p, Borough of Consol. Gas & Elec. Co. $2,000 Brooklyn. of Batavla, N. Y 17 1937, J*J 105 20 Int. Bank. Tr. Co. 163-164 $2,000 L.I. City Funded Debt Bedford 150,0 119,3 1,270,8 17.1 75,0 67.3 100,0 & Broad'way 1,340.7 4 National Park Bank 4941^ 60, 191,5, F&A 130&int 100,0 133,4 1,435,6 12,9 90,2 139,0 6 1,485,4 191P, Brooklyn 300,0 169,9 1,344.3 71,1 38.4 102,6 12,7 1,281,3 20 Mount Morris Bank 205 $3,500 L. L RB. 2d 7?, Kiehth Ward 100,0 39,9 347,8 10.2 23 a 46,3 3,0 3018 4 N. Y. Prod. Ex. Bank.. 130 F&A 139% Fifth Avenue 100,0 62,8 664.8 27.3 19.5 47,1 P,3 686,2 10 North Am. Trust Co 1591^ $10,000 Ft. Wayne Gas Co. KtBgg Ootmty 160,0 57,1 8V6,3 36,3 26,6 76,0 Ib.O 834,4 19 Steel-Tired Wheel Co.... 21i« Istes 66 Manufaot'ra' Naf 433.6 3.65 <. 7 186,2 281,9 516,6 3,013.9 Mechanics 600,0 391,6 3070,9 163,4 la9,6 167,2 3 038 5 By Messrs. Richard V. Harnett & Co. Me Totals Nov. 4. 7'04OJ ^1',6S0J 3 643^ t> Obobob Babolat Moffat. Alexandeb M. Whitb, Jb. Totals Oct. 28 7.<562,o S,iSo,7 2,iS43,7 S,7'S,S i,73tfi C6,IS4,J Totals Oct. 21. 7.Sb3,c S,iSo,7 (>4,774,2 »,S'5,7 1,8og,.2 5,^39,i 2,oos,il (yj,43t,8 Moffat <& White, New York Gltj, Boston and Philadelphia banks.—£eiow BANKERS, we furnish a summary of the weekly returns of the Clearing- Members New York Stock Exchange. House Banks of New York City. Boston and Philadelpbif. No. 1 NASSAU STRKET, ... NEHTTOBK. Capital & BANKS. Surplus Loans. Specie. Legale. Deposits.'^' Circ'l'n. CleaHngs. INVESTMENT SECURITIES. N. Y. $ $ $ $ $ $ Oct. 14. 137,766.2 705 b99 9 146J377 49.t>7ri,2 774,»46,2 15.686,9 116&9025 •• 21. 137.766.2 7(0.643.9 1436743 49,86(>,'7 768,376,7 16,727.4 12026331 Spencer Trask & Co., 13'',766 28.. 2 69'>.777.0 1443369 40,110,5 761.635.5 16.816,4 1099029 I Nov. 4 138,606,4 695,636,1 1401610 48,167.7 765,868,2 16,211,7 12842661 BANKERS, 27 dc 29 PINE STREET, .... NEW YORK. Oct, 21. 67.661.9 199,839.0 14,821,0 7,374,0 218.664,0 6,391,0 173,612.7 •• 28 57,651 9 198 92\0 16.110,0 7.370 2)3,3430 6,417,0 13H442,7 Transact a general banking businessi act as Fiscal Nov. 4 57,651,» 198.066,0 14.920,0 7,188,0 213.636,0 6,433.0 167,961,9 I'hila. Agents for corporations, and negotiate security Oct. 2 86,345,4 143.286,0 41,341,0 164,756,0 6,499.0 97.028,6 issues of railroads and other companies. Execute •• 28 86,o46.4 142,364,0 41,598,0 163,809,0 6.512.0 9^9n9 9 commission orders and deal in Nov 4 ^^, 46,4 i«a,i3 P,(> O.HjS^O 162,260.0 5,569.(1 97.831 8 * We oiiM Vwo cipher* %?i all tixese figures. INVESTMENT SECURITIES- f Inolndlnc for Boston and Philadelphia the Item "due to other banks.' Members N. Y. Stock Bxchange. Branch Office, 87 State St. Albany.. : : November 11, 1899.] THE CHKOMCLE. 995 buying 1^ discount, selling par: Charleston, buying % ^attluers^ (^ix^ttU. discount, selling par; New Orleans, bank, par; commercial, $2 I'O discount; Chicago, par; St. Louis, 50c. per $1,000 dis- DIVIDEIMDS. count; San Francisco, lOc. per §100 premium.' Bonrts. Sales of When Books closed. United States — Government bonds at the Name of Company. Per 129i^ Cent. Payable. (Days inclusive.) Board include §110,000 4s, coud., 1925, at to 1293^; $5,0(0 4s, reg., 1925, at 129^^; $4,000 4s. co .p., 1907, at 1125^; Railroads (^team). $5,000 4s, reg., 1907. at 1121^; $43,0(0 5s, coup., at lios,/ to Chestnut Hill (qiiar.) 1\ Dec. 4 to 111; 3s, coup., at 108 to 1' Cleve. & Pitts., guar, (quar.) Pec. lINov. 11 to Deo. $23,500 8H and $2,000 3s, reg., at Phila. Genu. & Norrii«tuwn (qu.> 3 i>ec. 4 to 108. The following are the daily closing quotations; for 10 Wilmington & Wi-ldon 4 Nov. 'Nov. 3 to Nov. 10 yearly ranye see seventh puge following. Street Railway*. Oak. (Cal.) San Leandro & Hay- Interest Nov. wards Elec.Ry.Cons'd im'tlily) 20e. Nov. 15 Nov. 14 to Nov. 15 Nov. Nov. Nov. Nov. Nov. Banks. Periods. 4 6. 7. 8. 9. 10. People's, Brooklyn 3 ) Nov. 15 Nov. 12 to Nov. 15 28, reg. Q. -Mch. '101 '101 noi "101 •100% (extra) 1 ^ IvfiMoellaneous. 38, 1918 reg. Q. -Feb. *1 8 '108 *108 108 *108i4 *108 108i« Adamfl Express 2 Dec. 10 Nov. 11 to Dec. 3s, 1918 coup iQ. -Feb. 108 108 14 108 American Cotton Oil, common.. 4 38, 1918, small reg. Q. -Feb. " Dec. 1 Nov. 17 to Dec. 3s. 1918, small, c'p. Q. -Feb. *i07ifl '107i« *i07i2 i07'*s •107% pref 3 O *112l4 American Express 3 Jan. 2 to 48, 1907 reg. (4. -Jail. nii% *1J1% 112»4 *ll2i4 48, 1907 coup. - Jau. •112% *112- 11258 •112% *112% Amer. Radiator, pref (quar.) .. 1^ Nov. IF Nov. 11 to Nov. 15 Q. - o Lehigh C'>al & Navieration 2 Nov. 27 48, 1925 reg. Q. Feb. *129ifl 129% *129^ *129% - •1?9'« w N. Y. & Hoboken Ferry (quar.). 1 Dec. 1 Nov. 23 to Dec. 1 4s, 1H25 coup. Q. Feb. 1291a 1291a 129Sfc -129% '1105& *110S(i Standard Oil (quar.) 3 58,1904 reg. Q. -Feb. *1105b niO's -110% Dec. 15 Nov. 16 to Dec. 15 11(18.. " " (extra) 7 58,1904 coup. <3. -Feb. *]1088 llOSli m 111 * U. S. Cast Iron Pipe & F., pref.. 1% Deo. 1 Nov. 12 to Dec. 1 This is the price bid at the morning board ; no sale was made. WALL. STREET, FUIDAV, NOV. 10. 1899.-5 P. M Coius.—Following are the current quotations in gold for The Money Market and Financial Situation. — The coins and bullion Sovereigns $4 85 ®$4 88 Fine Silver bars.. — 5958® — P0«8 security markets have this week reflected more accurately Napoleons 3 85 ® 3 89 Five francs .... — 93 ® — 96 than heretofore the exact state of the m^iney market. Last XX Reichmarks. 4 73 ® 4 80 Mexican dollars.. — 4714® — 49 "8 Saturday's bank statement showed the need of a further 25 Pesetas.. 4 ® 4 ^3 Peruvian sols — 43 ® — 45 Span. Doubloons.lS 50 ®15 60 English silver $4 83 ®$4 88 reduction of loans; more or less liquidation has resulted Mex. Doubloons. 15 50 ®15 60 U. S. trade dollars — 55 ® — 70 call highest and rates for loans have been fully up to the Fine >i old bars... par @ H prem. average of the year, while security values have declined. State and Railroad Bonds. -No sales of State bonds have These conditions are not wholly local. The Bank of Eng- been reported at the Board this week. land's weekly statement shows a lower percentage of reserve The market for railway bonds has been relatively firm than that of last week, and not only in London but at all on a volume of business averaging more than $2,"00,000 the principal Continental centres discount rates are higher. par value per day. As has generally been the case of late, It is reported, however, that all legitimate needs for mer- the transactions were chiefly limited to low-priced issues, cantile purposes are readily met at rates which are not and with few exceptions quotations are fractionally lower Treas- excessive, and rumors that steps would be taken by than last week. San Antonio & Aransas Pass 4s were excep- tiry ofiBcials to relieve the situation are said to be without tional in an advance of 1 point and Southern Pacific 4s, foundation. in sympathy with the shares, were notably firm. Standard A feature of the week was a decline in foreign exchange, Rope & Twine lost a considerable part of the recent ad- owing in part, it is said, to an increased supply of com- vance. mercial bills and in part to money market conditions. Other than the above, the active list includes Atchison, Those most interested in the latter are regarding with Baltimore & Ohio, Central Pacific, Kansas City Pittsburg & interest the foreign exchange market and also looking for- Gulf, Mexican Central, Missouri Kansas & Texas. Norfolk & ward hopefully to the time when a return flow of currency Western, Northern Pacific, Reading, St. Louis Southwest- from the interior shall begin. In view of existing trade ern, Union Pacific and Wabash bonds. conditions it is possible that the importance of the latter Stock and Bond Sales.—The following shows the volume movement may be over-estimated. of business in stocks and bonds on the New York Stock Ex- The open market rates for call loans on the Stock Exchange change for the past week and since Jan. 1 during the week on stock and bond collaterals have ranged Sales at ^Week end. Nov. 1 0.—. . Jan. to Nov. 10 . « from 2 to 16 per cent. To-day's rates on call were 3 to 16 N. T. Stock. Exch. 1899. 1898. 1899. 1898. percent. Prime commercial paperquoted 5 to 53^ per cent. Government bonds $I«H,500 $793,500 $8,514,020 $20,289,770 State bonds 135.000 1,884,300 2,691,200 The Bank of England wc >kly statement on Thursday KR. and misc. bonds.... 10,585.000 32,617,700 750.552,400 701,572,910 showed a decrease in bullion of £970,588, and the percentage Total $10,777,500 $33,546,200 7(W.950,720 $724,553,880 of reserve to liabilities was 42'33, against 43'90 last week; the Stocks— NO. shares 3,096,013 2,46S,213 150.974.630 89,940,325 discount rate remains unchanged at 5 per cent. The Bank Par value $304,122,475 $239,106,500 $14,628,912,700 $8,614,719,025 Banksbares. par value. $7,850 $326,950 $170,260 of France shows an increase of 2,375,000 francs in gold and We add the following record of the daily transactions 2,400,000 francs in silver. Week landing . Stocks. Railroad, dtc. State XT. 8. The New York City Clearing-House banks, in their state- Nov. 10, 1899. Shares. Pnr value. Bonds. Bonds, Bond*. ment of Nov. 4 showed a decrease in the reserve held of Saturday 320.359 $31,766,650 $l,30i,500 Monday 617,412 60,671,700 2,044,500 $i4.6ob $4,H18,700 and a deficit below the required reserve of Tuesday , .HOLIDAY. $338,350, against a surplus of 13,038.525 the previous week. Wednesday 685,654 67,484,575 2,458,5(X) 38,000 Thursday 747,190 73,404,150 2,461,600 134,500 Friday 725,389 70,795,400 2,316,000 6.000 1899. Differen'sfr'm 1898. 1897. Nov. 4 Prev. week. Nov. 5. Nov. 6. Total 3,096.013 $304,122,475 $10,585,000 $192,500 The sales on the Boston and Philadelphia Exchanges were: -Boston.- Ph taddphia Capital 69,4v;2,700 58,272,700 69.022,700 Listed TJnlistfd Bond Listed UiUis'ed Bmd Surplus 79.083.700 75.911,300 74.440,100 shay es. shares. sales. shares. sharts. sales. Loans & diso'nts. 69.'). 536, 100 Deo. 240,900 673,845,100 574,035,800 Saturday 20.297 4,288 $43,125 5,227 3,731 $72,300 Circulation 16,211,701 Inc. 39«,300 15,633,8(10 16,050.000 Monday 42,598 10,278 92,575 9,597 17,913 157,100 Net deposits 755,868,200 Deo. 5,767,300 769.0S7.400 632,343,100 Tuesday ELECTION DAY. Specie 140,461.000 Deo.3,875,900 157,428.800 102,176.000 Wednesday 40,302 18,788 10<»,000 11,643 16,850 121.PS0 Legal tenders 48,167.700 Dec. 942,800 77.091,000 Thursday 25,415 11.544 102,625 23.911 21.826 167.800 63,966,100 Friday 40,349 16,927 131,500 20,808 29,940 208.500 Reserve held l>-8.62".700 Dec 4,8 18,700 ni,294.900 179.267,000 Legal reserve 188 967,050 Deo.1.441,825 192,271.850 158,085,775 Total 168,961 61,825 489,825 71,186 90,260 727.650 Railroad and Miscellaneons Stocks.—The stock market Surplus reserve def.33P,350 Deo 3,376,875 19,023,050 21,181,225 has been irregular. It was weak on Monday but opened Note.—Returns of sep irate banks appear on page 994. firm on Wednesday following the election. This firmness, Foreign Exchange.—The market for foreign exchange however, was not maintained and Thursday's market as was dull and generally steady until Thursday, when a well as that of to-day was decidedly heavy. The volume of weaker tone developed, owing to a better supply of cotton business was only a little smaller than last week, averaging bills and a firmer money market. about 650, OoO shares per day, in which a few issues were To-day's actual rates of exchange were as follows: Bank- conspicuous, including United States Leather, Brooklyn ers' sixty days' sterling, 4 813^ (a4 81,3-^; demand, 4 85^-^0 4 86; Rapid Transit, American Sugar and Southern Railway. cables, 4 86^^@4 86; prime commercial, sixty days, 4 8l@ Almost the entire railway list was neglected and declines 4 81J^; documentary commercial, sixty days, 4 80^^ @ 4 21%; of from 1 to 3 points were the rule. Southern Pacific was grain for payment, 4 81i^@4 81?^; cotton for payment, 4 80>^ the active feature and relatively firm under a steady de- @4 80%; cotton for acceptance, 4 81(a4 813^. mand Northern Pacific and Union Pacific also hel(i well Posted rates of leading bankers follow: up to last week's closing prices. The local traction issues were notably weak. Third Avenue declined 7 points and November 10. Sixty days. Demand. Manhattan Klevated about the same amount on its unfavor- able annual report. Prime bankers' sterling bills on London. 82is'S>4 83i« 4 87®4 87»a United States Leather was exceptionally erratic. It de- Prime commerci al 81 @4 81^4 clined to 20i^ on Thursday, and closes Documentary commercial P0>«'ai4 «is^ from ^"% on Monday Paris bankers' (francs) 22ia®21V 5 193e®18Sli* at 25}^. United States Flour Milling sold at 12, a decline of Amsterdam (guilders) bankers 3915,, @g0 40B,fc'ai4038 8 points from the last previous sale and a decline of over 46 Frankfort or 9=iB,.®9538 Bremen (reichmarks) b'kers 943i6®94i4 points from its highest quotation on Sept. 15th. American * Less >,a. Sugar Refinins; covered a range of 8% points. American The following were the rates of domestic exchanere on Malting American Steel & Wire and Pacific Mail were New York at the under-mentioned cities to-day: Savannah, relatively strong...... 996 THE CHRONICLK—STOCK PEICES (2 pages) Page 1. [Vol. LXIX. New York Stock Exchansce—A Daily, Weekly and Yearly Record. 8T00K8—HieHE8I AlTD LOWEST SALS PBIOXS. Sale* Mangt for year 1899 Uangt for previa STOCKS. of the On basis of too-sh're lots 0«Myearri898;*. Saturuuy, MontUiy, Tuefday, Wednesday Thurtday, Friday, Week. N. Y. Nov.i. Nov. 6. Nov. 7. Nov. 8. Nov. 9. Nov. 10. STOCK EXOH. Shares Lowest. Highest Lowest. Highest, Railroad Stocks. •18 20 18 80 U8 -.8 18 30 Ann Arbor 25 14 Apr 29 19%Ort 26 11 Apr 16 Feb •45H 46% 45 47 45 47 145 45 Do pref 20 36 May 8 48%Oct 26 34 Jan 40%reb 23 aan i2H 22% 2-Z% 21% 22H 21% 22 Atoh. Topeka & ganta Fe 14,925 17 May 9 24%Feb 23 10%Apr i9%Dee' 100, 7o0 65M 66H 6696 65% 66% 649* 66 63% 65 Do pref 5096Jan 7 68%Aug 24 22'%Mar 6294 Dm 63 S3M 82M 529* 53 53 5196 52% 60 5194 Balt,AOhlo,Tot.tr.cei tf 8. 4,869 43%J'ne 22 61%Apr 12 31 Oct 68%I>«» 73 7S?< 72^ 729< 7296 73% 72 7291 71% 72!4 Do pref 14,08.-. 67%J'ne21 79%Jan 87 68 Oct 79%Dec 208,270 S7H 89% 8796 8996 88 8994 86% 89 86% 87% Brooklyn Rapid Transit. . 75%Sep 20 137 Apr 16 35 Mar 78%D6« •40 •40 40 42 42 48 42 40 42 42 Baffalo Rooh. & PttttbarK 100 30% Mar 24 44 Sep 23 25 Mar 34 B«r •84« 86^ 78 86% 78 87 85 87% 78 85 Do pref 69 May 9 96^Sep 22 68 May 7e%sep 96>4 •95 96 9494 96 9494 96 94 94% Canadian Paolflo 910 8496Mar 15 99%May 31 73 Apr 90%Jan •53 1,020 54 •53 54 .. 53^ 63 53 5294 53 anada Soathem 50%J'ne 2 70 Jan 8H 44%Mar 68 Dee •124 125i4 123 12494 124 124H 122% 124 120% 133 Central of New Jersey .... 8,675 97 Jan 3 1269*Nov 2 83%Oct 99 Dee a89i 8794 88^ 88% 3894 2796 28% 26% 27% Chesapeake & Ohio 18,5:^5 3394May 81 31%Keb 2 17%Mai 2696De« 13096 1319* 74.010 138^ 183% 132)^ 138% 18294 13^94 181H 133% Chicago Burl. & Qntnoy . . 124%Jan 7 149%Feb 18 85%Mar 12S%D«M •48^ 49 '48 49 48 48 48 489« 48 48 Chicago Consol. Traction. 1,000 44 Sep 80 9896Apr 99 97 95 95% . 2,750 •95H 95M 95% 96% 9794 95% 9rtHi Chicago & Bast. Illlnots . 5994 J an 100%sep 1 49 Apr 66 J'n»^ •185 129 125 139 •125 129 189 125 185 Do pref. 120 11294Jan 13296Sep 7 108 Jan 113%Feb 1496 1496 25,622 14« 14% 1494 1494 1696 1494 1596 15 Ohioago Great Western. . 13 J'ne 209tJaE 23 9%Feb 18 Ane «0M 90J4 90M 909i 90% 919« 9C% 919< 9094 91% Do 4 p.c. debentures 1,100 8396Jat. 103%Aug 12 71%J'ly 85 Deo 83?6 83^ 8296 83% 83% 83^ 8896 8896 88% 83 Do 6 P.O. pref. "A".. 1,270 5094Jan 85%Aug 89 28 Mai 54 De« 42 42^ 409i 4^% 42% 42% 4196 42 M 4094 41% Do 4 P.O. pref. "B".. 800 28 J'ne 88 449*Sep 6 30 Apr 32 Nov n2H 12^ 12 12 li 12 12 12% 12 18 Chlo. Xndlanap. i Lontsv.. 1,885 794Jan 6 12%Apr 85 7 Feb 11 J'ly •48 44 43 44 44 44 44 44 42% 43M Do pref 72: 31 Jan 4994Mar 6 83 Apr 38%J'ly 126M 127H 12596 126% 13694 186% 13494 12696 12a 96 124% Chicago MUw. & St. Paul. 68,940 120%Jan 138%Sep 6 83%Apr 12094Deo 1172 172 i73 173 il73% 173% 172 173 I17.i% 172% Do pref 160 166^Jan 179 Sep 5 140 Apr 166%DeO •170 171H 168% 169% 169% 170 §16694 1*^694 166 167 Chicago & North West«m. 1,945 141%Jan 173 Fep 8 113%Mar i43%Dee •200 305 200 205 800 805 203 203 203 803 Do pref 200 188 Jan 210%Sep 7 163 Jan 191%Nov 114% 11596 114 115 11496 115% 11396 114% 112% 113% Chicago Rock Isl. & Pao. 18,381 107%May 13 182%Jan 87 80 Mar 114%Dec^ 121H iai>s 120 120% 120 125 *120 185 118 118 Chlo. St. P. Minn. & Om.. 600 91 Feb 8 126HSep 88 65 Mar 94 Da« •175 175 170 170 no Do pref 170 Jan 16 185 Sep 1 1148 Jan 170 Nov •11 11% 18 18% 12H 12 18% 18 12% Chic. Terminal Transfer.. 1,700 7%Jan 7 25%Mar 27 4%Jan 996MaT 41 41 409i 40% 140% 40% 40% 42 37% 40% Do pref 1,305 36%J an 3 56%Mar 27 22%JaD 37%Alie 60 58 14,!i84 i «0H 60 60% 60 6096 59 60 6UH Clev. Gin. Chic. & St. L. . 42%Jan 63%Aor 10 25 Ma. 47%Aa8 •108 106 102 105 102 106 1103% 103% 108 105 Do pref 50 94 May 10 106 Nov 2 77%Mar 97 Dee^ •11 16 11 11 11 11 11>8 11% •11% 11% Cley. Lorain & Wheeling. 300 9 J'ly 6 1694Jan 26 ll%Mar l9%Jan •89 43 •39 40 4C% 40%- 39% 48- Do pref lUO 87%J'ne 23 45 Apr 26 43 Nov 53%8ep •6 "6 •6 8 "s" •6 '"s" 8 6 8 Colorado Mid., vot. tr. ctfs. 5 Oct 12 9 Jan 9 6%J'ne 9 Dm •19 20 •18% 19% 18 20 1996 1996 17% 17% Do pref. vot. tr. otfs. 20( 15%J'ly 14 37 Sep 6 14 J'ne 3094Deo 5H «>6 6 8% e% 694 6% 6% 6% Col. & Son., listed May 24 22,580 49«Sep 13 8%J an 6 6HNOV 896De<> 4'} 47 47% 4794 47% 48% 48% 48% 47 4^^ Do Ist pref. do 1,790 4194J'ne 16 58%Mar 17 4396N0V 5094 Deo 17H 18 18 18% 1894 19 19 19% 18% 19 Do 2d pref. do 8,335 1494Sep 16 25 Mar 22 I494N0V 20 Dee •1214 123 121% 182 12^96 1229^ 11U% 122 119% 120 Delaware St Hudson 6,460 106%Jan 8 12594Apr 30 93 Nov ll4%Feb 6,470 1905< 1919< I89M '90% 190 190% 189 189% 188 189 el. Laok. & Western. . 157 Jan 7 194%Oct 30 140 Oct 159 Feb 21»4 21 31 Rio . 2,960 21« 81% 2196 21% 21% 219* 80% Denver & Grande. , . 18%Jan 7 2696Apr 27 10 Apr 2l%Deo nm 7694 75% 76 75% 7494 75 74 74% Do pref 8,82u 68%Jan 11 80 Apr 27 40 Apr 7196Dee •18H 20 •18 20 18 18 18 •17 19 Des Motnes A Ft. Dodge. 40b 18^J'ne 1 8 3%Jan 3 8%Apr 2 3% Deo 6M 6X 6% 696 696 6% 696 Dul. 8o. Shore & Atl 3,082 3 Apr 11 696NOV 8 296Aug 8%Dee 16% 15% 14% 15^ 14% 14% Do • pref 300 794Jan 30 16%Aug 25 5 Apr 894Aua 13« 13Ji •12% 13% 18% 1394 13% 18% 13 13 Erie. 610 18%J'ne 88 16%Jan \9 11 Apr ie%Feb 38M 389« 88 39% 88% 3894 37H 88 37% 37% Do Ist pref 4,677 38%J'ne 21 43 Jan 84 29%Apr 4396Feb •19 80 •19 20 80 20 19 19 •18% 19 Do 3d pref SCO 16%May 8 22%Jan 8ii 15%Apr 8l96Feb 2,670 44 44 44 44% 45 4694 45 46 4596 4696 ByansT. A Terre Hant« . 36 Mar 88 46 Sep 14 23 May 4196I>«« 90 92 •90 98 90 92 90 91 Do pref 70 Jan 7 98%Sep 9 40 Jan 78%Dee Flint A Pere Marquette. 17 Jan 82%May 15 10 Mar I894N0T Do pref. 4 3%Jan 66 May 19 36 Aug 49 Not n Ft. W. & Den. C, stamped. 14 Aug 36 Jan 5 115 Nov 38 Mar *20 95 •80 86 •80 35 •20 85 Ft. Worth & Rio Grande. 14 Feb 80 Mar 38 10 May 17%Dee •174 176 174 Northern, . 3,836 196 +132 J'ly 180 J'ne 17494 o 17496 175 172% 17394 171% 174% Great pref. . 148%Jan Maris r'nB.4W.,deb ofs. "A" 49%Jan 61%Jan 31 40%J'ne 50 Dee 8 8 7% 7% 7% 7% Deb. ctfs. "B" 18 6 May 9% Oct 34 3%J'ly 7%Dea •82« 34^ 32% 32% o •29 3496 i80% 8i.>% 30% 30% TTocking VaUey. 290 88 J'ly 8796Sep 6 64H 64>» •63 64 63% 63% 63 63% 68 68 Do pref. 93)i 64%May 13 e6%8ep 6 116 116 114 114% lllnois Ceiilral 4,826 110 J'ne 1 188 Jan 83 96 Apr 11596 I>«o 11494 115% 116 11594 114% 116% I 14 14 1894 14% »14% 14% 13% 13H 13% 13>s .Iowa Central... 325 10%Mar 7 1694Aug 24 7%Mar ll%Dee 69 69 60 60 58% 58% 68 68 Do pref. 4'.iU 48%May 81 62%Aug 25 36 Apr 43%Deo •12 18 •11% 12% •11% 13% •11% 12% Kanawha & Michigan. •••••• 794Jan IS 15 Mar 22 6%Oct 8 Deo 9H 994 8% 8% 894 9 9% 8% an.t City Pitts. A Gulf 2,178 7 Mar 15 18 Jan 6 16 Apr 8&%Dee •4 5 4 6 •4 i« 4 Keokuk A Des Motnes 400 3 May 9 5%Feb 1 8 Jan 5%J'ne •18 20 •18 20 •18 30 •18 20 Do pref 16 Mar 2 28%Aug 86 16 May 18%J'ne •18 •18 18 100 12 Oct 83%All8 19 18% 18% •18 19% 19 19 Lake Brie tt Western. . . 1494J'ne 9 38%Jan 37 •79« SOU 79% 80% 179% 80 79 80 78 78 Do pref. 880 60 Jan 16 81%J'ly 38 63 Oct 83 Aug •198 '198 810 •198 810 198 210 198 810 Lake Sb. ft Mloh. South. . 196%Jan 5 808 Jan 84 17094Jan 316 Deo 60 "so 61) 50 80 50 46 46 •46 50 Long Island. 915 46 Nov 9 85 Apr 4 40 Jan 59%An8 86M 8796 86% 8694 86% 87% 88% 869t 84% 85% Louisville & Nashville.... 41,656 63 Mar 6 88960ct 30 44 Apr 65%Dee llOM 11194 10894 111% 107% 11196 10^94 108% 104%106M Manhattan Blev.,oonsol 160,867 97 Jan 4 13396Apr 3 90 Oct l20%Jan 119691 1969* 195 196% 193% 196 193% 194% 192 194% etropoiitan Street .... I7,a64 187% Sep 18 269 Mar 88 185%Mar l9494Dee •82 84 •22% 8894 82194 2194 22% 2294 •i2% 2294 Met. West Side Bl. (Chic.) 17 13%Aug 12 25 Oct 2 •78 74)< •72 74 •78 74 74 74 •72% 76 Do pref. 100 44%May 6 74 Oct 37 139i 1396 1294 1894 13% 137^ 1*94 13% 12% 1294 Mexican Central 6,880 6 Jan 7 17%Apr 37 4%J'ne 7%Deo •4% 4% 4% 6 6 4% 6 4% 494 Mexican Nat'l tr. reots... 3,260 1 Jan 6%Sep 13 %Deo 1%M«P •110 113 •110 118 110 118 1110 110 Michigan Central 10 no Oct lie Jan 84 99%Mar 118 Deo 400 '^9 24 Mar 88914 Dee 78 •71% 78% •71 72% 71% 71% •71 73 Minneapolis A St. Louis. . 35%Jan 78 Aug S6 96 94 95% •94% 96% 94% 95%" •94 95% Do 8d pref. 110 73%Jan 98%Aug 18 46 Mar 78%Deo •83 85 •33 36 83 24 33 24 S84 84 Minn. St. P. & S. S. Marie. 4r0 894Jan 37%May 18 6%Mar 7 Mar •64 66 68 6296 •62 66 62 65 •61 65 Do pref. 200 39 Feb 78 May 18 •13 1394 18% 1894 18% 13% 12% 12H •18 18 Mo. Kansas ft Texas eoo 1194May 10 14%Jan 30 10 Apr 14%Jan 40 41 8994 40% 3994 40% 89 3996 38 38% Do pref. 6,815 30%May 81 46^Au8 31 3894Mar 41 Jan Mar 46%Dee *9% 49% 48% 4994 49 50% 48% 49h 4694 48% Missouri Paolflo 70,420 8894J'ne 1 58%Apr 4 88 •46 47 •45 47 46 46 546% 46% •44 46 Moblleft Ohio 810 32 Jan 8 58 Aug 88 84 Nov S8%re^ I185« 185X •186 186% 186 186% 185 186% '185 186% Morrisft Bssez 80 176 Jan 8 il85%Nov 4 ll67%Jan {180 Deo 1S7X 1379i 137 138 137% 1889* 136% 137% 136% 136% Y. Central ft Hudson.. 18,118 13194Jan 8 14494Mar 89 105 Mar iS4%l>eo NY.O 1196Mar 1696Jan •14H 16 •14% 16 14% 14% 14% 14% 13 14 N.Y. Chic ft St. Louis 1,450 18 J'ne 29 1994Jan 83 80H 80H 82 83 88 88 82 82 •81% 81% Do 1st pref. 780 66 Mar 7 85 Oct 84 73 Feb 76 J«B •8696 S6H 34 86 36 85 88 35% 83 84 Do 8d pref. 500 89%May 84 41 Jan 83 28 Mar 40%JM New York ft Harlem i860 Jan 25 1390 Mar 14 1380 Jan 1358 Oot •133 136 •183 135 >138 136 133 136 133 186 N Y. Laok. ft Western..., 189%Jan 87 il38%Marll 1180 Apr 1188 Not •816 818 •814 218 816 816 216 818 814 817 N. Y. New Haven ft Hart. 137 1198 Jan 19 S882 Apr 80 ll78%Jan 801 Dee 86% 86% 8596 8594 26 25% 3594 34% 85% N. Y. Ontario ft Western. 14,925 1896Jan 8 88%Mar 87 1896Apr lOHDe* 26% -•- 87 879< 2H94 2796 87% 87% 86% 279* 85% 8896 Norfolk ft Western 20,193 1796Mar 17 8896Aug 83 11%Apr 1996DM 719< 71 6v<% Do pref. 6,074 6196Jan 6 74%Aug 23 42%Mar eSWDM 71% 71% 71% 7194 70% 71% 7096 44%De« 64 65 S394 54% 64H 65% 54% 55% 6396 54% Nor. Pao. Ry., Tot. tr. ctfs. 84.815 4896Jan 7 67%Aug 34 19 Feb 76 76% 76 76% 76% 7696 76 76% x74% 75 Do pref. 8,180 72%Oct 8 81%Jan 86 66UMar Or.RR.ftN.Co.vot.tr.ofs. 88 J'ne 2 68 Jan 88 8e%Jan eUiAJls Do pref., vot. tr. ctfs. 6894J'ne 18 7794Sep 22 66%Mar 78 Mot 6896 68 52 68 52 51 52 50 6196 Pacific Coast Co 1.795 88 May 11 64 Nov 1 S4)4J'ne 48%8ep 52% J*ne •88 90 88 90 «90 90 87 90 87 90 Do 1st pref 67 84%Apr 18 90 Feb 80 79 Deo 91 69 68 69 •67 6794 167 68% 6794 6794 •6694 6794 Do 3d pref 110 68%J'ly 6 6894No< 1 67 Nov B4V 130 180% 129% 131 18096131% 180 180% 129 180 Pennsylvania 14,885 182%Jan 6 148 Jan 83 11 094 Mar 183%DM 970 43 May 11 88 Jan 88 SSiiJan esuDee 75 73 74 74 74 74 74 74 74 Pltttb. Cln. Chic ft St. L. Dee 89 94 89 94 •89 94 89% 89% •89 93 Do pref. 100 80 Feb 10 100 Aug 17 vrua 84% 0,650 1996May 13 86 Jan 84 15%Mar 889* J»ii •81% 8194 20% 81 21% 8196 21 21 80% 2094 Reading, voting tr. otfs. Dee 61 59 60 68!^ 1st pref., vot. tr otfs 27,270 5 194Jan 7 68%Apr 4 36 Mar 6496 60% 59% 61 59% 6094 5794 89 Jan 82 31 2d pref., voting tr ctfs. 3,520 26%Jan 7 38%Mar 38 17940ot 8894 3294 32% 38% 82H 31% 32% 88 Aug Grande ft Western. . 213 86%Jan 4 43%Feb 3 88 May •85% 40 88 40 •37% 40 37% 40 88% 88% Rio 50%Mar 89%AaK 8894 8294 •81% 83% 8394 8894 §84% 84% •83 84% Do pref SlOl 66 Jan 8 8394Aua 31 All assessU. paid. •Bid and asked prices; no sales on this day. I Less than 100 shares, t Kx div. and rights. * Before payment of assmt. 1 OUTSIDE SECURITIES (Given at foot op 7 consecutive PAQm).—SlRBB2 RAILWAYS, &c. Ask. Bid. Ask atreet Railway. Bid. Ask. Street Railways. Bid. Ask Street Railways. Bid. Street Railways. .^ 114 NHW YOKK CITY. Chrlst'p'rftlOth 8t-8tock 170 176 Ninth Avenue—Slock 19C 300 Westchest ist 5b '43.. JftJ {110 Stock. . 198 800 Bieeok St ft Ful F—Stock. 38 41 Coift 9th Ave 5B-See Stock Bxob I iBt. Second Avenue— 180 Ist mort 5a 1909.. M&N 108% 109 BROOKLYN. 1st mort 78 1900. . .JftJ 100 103 Dry D H B ft Bat— Stock. 186 120 Consol. 5s, 1948.. .F*A 118 180 Atlan. Ave., 1st 6s..AftO «107% 109% B'way ft 7th Ave—Stock. 335 • • • « • 1st gold 58 1938... J&D 117 1931 AftO 114 115 Istmor 5s 1904...JftD 104 105% Scrip 5s 1916 F&A 104 106 Sixth Avenue—Stock 805 230 Con 58 g Impt 5b 1934 Jft.1 100 Bdmor 5s 1914.... J&J no 118 Bighth Avenue—Stock... 400 430 Sou Bonlev 6s 1945.. JftJ 4113 114 g B. B. &W.B. 5s 1983. A40 101 ioiii Con 5s 1943—8«< Stock Bxobi ist. Scrip 68 1914 108 So Fer Ist 5b 1919. .A&O «110% 118% ..See Stock Bxch list. Brooklyn City—Stock.... 841 843 B'waySur lBt5Bgu.l924 116 117 48d ft Or St Fer—Stock. . 400 480 Third Avenue— '96 58 1941 JftJ 116 . 116 Consol Id Ssint as rental. 1905 105 106 48d St Man ft St N Ave. 76 83 88th ft 29th Sts 1st 58. {114 BklynCr0B8tn58l 908. JftJ 105 Central Crosstown-Stock 870 300 Ist mort 6s 1910.. MftS 116% 118 Twenty-Third St—Stock. 396 1906 JftJ 106 108 BkinHgUlst 58 1941 Aft< • 104 1st M eg 1922 MAN $184 188 8d income 6b 1916. JftJ 89 . . •• Deb 6s 800 J'kyn Co.ft Sub—Se« St ok Bx. list. 1 IBt. Union Railway—Stock... 190 Q en Pk N ft B Rlv—Stock 106 • * t •• t Lex Avft Pav F 58-Se« Stk Bxch BklynRap.Tran.—S«e 8U) Ok Bi. List Oon«ol 7( 1908 JftD 108 109 Metropolitan—S«« Stock Bxohl IsU Dnion Ry 1st 6s '43.rftA 116 117 . ....). Nov. 11, 1899.] THE CHRONICLE -STOCK prices (2 pages) Page 2. 997 BlOOKa—HIGHMST AND L0WX8I SALM PBIOBa. aaies Sange for year 1899. hangejcrprt^ STOCKS. of the On hatisofno-sh're lots vious year (1898). Maturtlail, Monday, luetday, Wednesday Thursday, Friday, Week, Nov. 4 Nov. 6 Nov. 7. Nov. 8. Nov. 9. Nov. 10 W. Y. STOCK EXCH. Shares Lowest. Highest. Lowest. HighetU •6 1,210 16 6 6 6k 6k 6% St. J. St Q. U\. Tot. tr. ote 394J'ne 24 7k0ct 5kDec 894Feb •53 55 J51 51 51k •61k 53 Do lit pref 1,080 38%May 24 55 Jan 45 Feb 63 J'nt 50 •17 18 nek 16^ 17 •16k 17 Do 2(1 pref 9 J'ne 1 18 Oct 13 Dec 28kJ>iia lUH 11^ II Ilk 11 1094 1094 St. L. & 8. Ft., TOt. tr. otfs 1,040 896Jaii 6 14%Feb 6 Mar 9kN0T •70 72H 71 71 72k 570k 71 Do l8t pref 177 64 May 13 75kJan 52kMar 69%I}M •87 37^ 86k 37 37k 85k 38k Do 2d pref 1,240 SSkJan 5 44%Jan 22kFeb 85 Not •12« 13 •I2M 13k 1396 13 13k St. Lonli SoQthwestem. . 1,720 694Jan ISkAug 394Jan 796BM 30M 31H 8096 81% 31% 30k 3094 Do pref. 5,930 17 Jan 4096Aug 3 18 DM •60 63 •60 63 63 •60 68 St. Panl & Dnlnth 36 Jan 73%ADg26 38% DM •101 •100 100k •li 3 Do pref. 98kJan 106 Jan 23 78 Apr 100 Dm 40« "*'H 40k 41^ 3996 40% Southern PaolfloCo 423,20H 87 May 44 Jan 31 13 Apr 35 DM 13^ 1394 8k 1396 1296 13k Southern, voting tr. otfs.. 80,095 10 May 31 14kOct 30 7 Apr 1094DM 5694 5791 5696 5794 55% .•6 Do pref., vot, tr. otfn S6.326 40%Jan 5SkOct 80 2396Mar 43%Dm 1»M IflH 1894 1894 18 1894 '^FexasA Paolflo 5.375 17kJan 259iMar 1 8%Mar 20kDeo *168^ 167 54 165 152k 152k J14794 14794 1 bird Avenue (N. Y.).. 904 140 Oct 242 Feb 27 145 Oct 194kFeb •15 25 16 25 •15 25 15 35 Toledo i Ohio Central .... 20 Jan 29 Apr 4 512 Aug 25 Sep •40 4n 40 45 •40 45 •85 45 Do pref. 35 Jan 42 Mar 22 35 Aug 48 Oct •62 64 62k 62k Twin City Rapid Transit. 100 38 Jan 73 Apr 17 16kJan 36kDM Do pref. 118 Jan 141 Feb 24 107kl>ec 107kDM 47V< 48 47 4794 4794 48k 47% 48% 46% 47k Union Paolflo Rt 56° 04 6 38%J'ne 30 5096Feb 21 16%Mar 44%Dm 789^ 77H ;6k 78% 769i 77% 76% 76»« 76% 76 Do ...pref. 21,279 72 J'ne 1 84kJan 23 45%Mar 7496DM •8^ 8k 8k 396 8h 8k 8% 896 ^ 8k abash 2,880 7kJ'ne 19 8%Jan 24 6kMar 9%All8 22h 23t4 22k 83k 2294 2396 22H 22% 21k aak W Do pref. 7,870 19 May 34 85kApr 5 14kMar 34kAn« 12 129* 1196 11% 1194 12% 11 1194 lOH Ilk Wheeling & L. B., new . . 17,636 SkJ'ne 1 13 Aug 31 689i 584< 58k 68h 68 58k 57k 68 57 57 Do Istpref. 820 50 J'ne 29 64 Jan 30 81 3196 31 3194 31 31k 39% 31% 89 30% Do 2d pref. 12,930 21kJ'ne23 32%Pep 35 20 20k lfl% 20k 2096 8096 1694 1994 19k 19k Wlscon. Cent. new(wh.lg.) 2,193 13kMay 24 81 Nov 8 56% 57 56 56k 56% 5694 56 5694 55 5594 Do pref. (when lB».) 1,710 4894May 26 59 Aug 28 miscellan's Stocks. •114 117 115 117 •115 117 •115 119 113 117 Adami Bxprets 5108 Jan 3 5119 Feb 35 »97kApr S8kDM 17k 17k 17k 17k 17k 17k 17 17k 1696 1696 merican Car A Foundry 1,793 15 J'ne 15 21%May 25 62k 63 63 63 e3k 63k 62k 63 62 62 Do pref. 2,618 6696J'ne 16 68968ep 7 45 45k 4494 4596 4494 4896 44k 4»94 44% 44% Amerloan Cotton Oil 6,300 3394Mar 6 46 Nov 2 15%Mar 153 Not 195 fl5 •6 97 96 06 •95 97 •96 97 Do pref. 180 88kJan 5 97%Oct 26 66 Mar 38 Aug •90 35 •25 85 •85 36 25 36 Amerloan Dlstrlot Tel .... 30 Oct 18 52%Mar 3 22 May 1180 Feb 148ki14S49i il48 149 148 150 149 149 5149 149 Amerloan Rxpreis 872 133 J'ne 19 lieOkAu 29 5116 Jao 13994Aug 3694 3694 3»k 87 36k 38k 35 36 35 86 American Ice 2,0/' 84 Oct, 16 41kSep 8 •78 82 582 82 •78 82 579 80 Do pref 110 76HOct IS 85 Sep 11 tl« 11% Uk Ilk 12% 12k 1194 1194 U 11% Amerloan Linseed 1,832 894 J'ne 30 13kJ'ly 33 558k 9Sk 53 5396 63 53% 52H 68% 55296 5296 Do pref. 1,087 44kJ'ne 20 57%AuglO 12k 13 12k 12k 12k 1294 13 13 12k 18 American halting 3.102 lu Oct 35 37kJan 24 24 r\f 9096Aug 45k 4tt 4494 4594 545 45 47 4794 45% 49 Do pref. 4.613 44k^ov 8 87kJan 26 76%J'ly 88 Dec 3594 3S 37 38 sek 37 36 36k S6^ 86k Amer.Smeltlng A Refining 12,080 34%Oct 28 59 Apr 20 8694 8? 87 87% 87k 88 87% 87% 87 87% Do pref. 10,560 80 May 31 94kApr 30 43 43k 42 43 43k 44k 44 45k 48k 4494 American Steel Hoop 33,J16 24 May 24 45kSep 25 82k 83 8ak 82k 83V6 83k 83k 83% 82k 8S% Do pref. 3,775 70 May 13 8e94Sep 14 47 46 47k 4796 49k 47k 50 47k 48H Amer. Steel & Wire (new) 69,476 45 Feb 8 73 May 4 93k 98k 04 94 94 94 k 98k 94k 83% 94 Do pref. >S,430 92k Feb 8 10694Mar 13 155k 15796 154k I57k 156 16996 153% 157 151 154 Amerloan Sngar Refining. 239,260 123kJan 4 182 Mar 20 107kMar 146%Aug •117k 118 5ll8k 118k 11794 ll'-H «118k 118k 5118% 118k Do pref. 236 110 Jan 16 133 Mar 20 103 Mar 116 Jan «9»k 99k •98 100 99 99 98 100 599 99 Amerloan Teleg. & Cable. 33» 5 98 Jan 4 105 Apr 18 §88 Mar 5 98%Dm 533H 33H 31% 33 83k 34 38% 84 33 83k American Tin Plate 2,46(' 31HOct 31" 5294Apr 83 83 82 82 82 82 82k 83% 8ak 82k Do pref. 1,409 81 J'ne 1 99k Feb 121k 12296 121 122k 120 12294 119k 191 116% 121 Amerloan Tobacco 64,811 tSSkJ'ne 21 229kApr 8394Jan 15394Sep •144 146 1144k 145k 5145% 145k 514494 1449^ Do pref. 18» 132 Jan 4 150 Mar 1 12kMar 135%Aug 46-k 47k 46k 48 46k 47% 46k 46% 44k 45k Anaoonda Copper 9,780 41 Oct 24 70 Apr 26 •143 145 •14a 145 143 145 •140 144 140 140k Brooklyn Union Oas 230 185 J'ne 5 160 Mar 17 106 Mar 140kDM 19k lek 1894 19k 19 1998 18k 19% 18k runew. Dock4(3.Imp't. 1,810 9k May 9 2096Aug 14 7kOct 14 J'ne •1% 8k 194 1% 196 1% Ik Ik •196 8 Colorado Coal A I. Der't 605 l%Jan 17 596Apr 21 kApr 194N0T 65k 66k 54k eek 65% 5ek 64% 56k 52% 54k olorado Fuel * Iron 8,250 30kFeb 8 64 Sep 11 17 Mar 32%Dm •123 125k il249i 12494 o •134 126k 125 186 '122 12ek Do pref. 760 88 Jan 6 126k8ep 7 65 Aug 90 Dec 19 20k 19 20 80 20k 19 19 18k 18k Col. & Hook. Coal & Iron. 4,620 6kFeb 15 21kSep 6 4kJ'ly 994 Dm 191 18194 18894 190k 190% 191k 188 190 187% 188 Consolidated Oas (N. Y.).. 3,976 163 J'ne 6 233kMar 11 164 Oct 205%J'n« Consolidated loe. 20 Aug 16 50kJan 81 27kMar 52 Sep Do pref. 86kSep 14 97 13 94 Dm Hi Mar 8394Apr 42 43k 41k 43k 42k 4896 41k 42% 40% 4196 Continental Tobacco 33,92f 86 J'ne 21 6 5%Apr 17 92 93 9194 92 91% 92 91 91k 9094 91k Do pref. 7,747 78 J'ne 29 10 3%Aug 38 97 97 Detroit City Gas 100 63 Jan 4 101 Aug 18 45 Apr 67 Sep •117 118 •117 118 •117 119 Krle Telegraph &Teleph. 100 92MJan 13 120kOct 30 74%Nov 76%Oct 58 6996 67k 68% 5794 5994 5694 69 65% 57% 1federal Steei 82,635 46%Feb 8 75 Apr 8 29 Oct 52 Dm 8096 81k 79k 79% 79 8094 7894 79% 78)4 79 Do pref. 7,370 72kMay 13 93kApr 3 69940ct 85kD*0 12194 128 122 182 180k 122 123 122k 120% 122% Gleneral EQeotrlo 2,400 95%Jan 3 125kAug 3 76 Sep 97 Dm •58% 62k 61 51 50 50k 49% SO 4794 49 Glucose Sugar Refining. . 8,190 4794N0V 10 7694Mar 20 6696Dec 72kDM •99 •98 102 •99 103 100 100 (100 100 Do pref. 190 97 Oct 23 110 Jac 14 107%Dec 10996De<> '113 •112 114 114 •112 H. B.ClafllnCo 100 97 Jan 3 11 7kJ'ly 18 5 8794J'ne 9694DM "i'eii ntematlonal Paper 3,440 86 86 26 26k 87 8794 26 87 26 I 84kOct 17 68%Jan 83 48 Sep 67 Dm 7196 7196 71k 71k 71 7lk 70 71 70 70 i- Do pref. 1,870 67 Oct 80 95 Jan 5 85 Sep 95 I>M 14k 16 14% 14% •14 16k 14 15 15 15 International SUrer 760 10 May 6 86 Feb 27 •44 • 41 44 44 44 Knickerbocker Ice (Chlo.) 39 Oct 80 63k Feb 83 5494Dec 57 Deo •77 • 77 76 75 75 Do pref. 73 J'ne 24 84 Feb 17 81 Dec 82kl>M •73 78 76 79k 78k 79 7796 78 77 77k Laclede Gas (St. lionls). 1,885 51 Mar 4 81 Oct 18 37kMar 5496An8 •102 103 •100 108 •100 103 •100 103 •100 103 Do pref. 96kJ'ly 18 102kMay 18 85 Mar 96%-^^ •10 13 10 16 •10 15 •10 25 •10 16 Manhattan Beaob Co 5 Jan 25 39 Apr 25 2 Aug 5kJ epuoUc Iron & SteeL 2,486 32kAug 26 33%8ep 6 •70 70>, 69 6994 6994 70k 70 70k 6094 Do pref. 3,960 69 Nov 6 79 Aug 29 •66 59k •58k 5»k •58k 69k 00 eo 6094 Silver Bullion Certlfs. 85,000 59 Sep 21 65 Apr 28 56 May 60968«P 13 14 12k 1394 l''96 18k 1096 12k 10% tandard Rope & Twine. 15,792 6%8ep 20 15kNov 2 SkJan 10%Ang Coal 88I4DM 118 119 11696 118 117 119 116k 118 116 117k Tenn. Iron A RR . . 12,505 36 Jan 14 126 Sep 11 17 Mar Do pref. 111 Jan 4 150 Aug 22 5 80 Aug 106 DM •86k 97 •26k 27 S6k 27 537 87 26% 26% Union Bag & Paper 475 34 J'ne 1 45 Mar 28 77 79k •77 79k •77 79 •77 79 •77 79k Do pref. 76 May 31 89 Mar 29 '835 •60 55 •60 65 •50 65 }50 51 48 560 United States Bxpress. . . (46 J'ne 60 Jan 18 88 Apr 5 58kI>M •18 20 12 12 •11 80 •10 20 •10 20 Uflit. States Flour Milling 100 12 Nov SSkSep •12 50 •18k 60 •18k 50 •12k 35 •1!J% 35 Do pref. 60 Sep 7&kSep 85 40 3596 40% 88 40 80k 31k 21 2596 United States Leather 545,995 594J'ne 4C%Xov BkApr 8%Ma7 80 8196 78k 80 79% 8196 78 79k 7796 79 Do pref. 37,597 68 J'ne 85%N0V 63%Mar 75%DM 4894 48% 48 48k 48k 48% 4796 48k 46k 48 United States Rubber 3,312 4296Jan 57 Apr UkMar 48%A«c 113% 118% 112% 112% •113 114 •112)4 114 112 113 Do pref. 694 HI Jan 131 J'ly 60 Mar 113kDM •195 198 198 193 •191 197 •191 196 5195 196 Wagner Palace Car.... 277 181 J'ly 5205 Oct 182 132 •130 134 •180 184 5130 130 •187 183 eUs, Fargo* Co 150 5125 Jan 185kSep |112%My 5131%De 8996 89k 8894 89 88% 89 8894 8894 >-8k 8896 Western Union Telegraph 3,340 86960ct 98kJan S2kMar 95WAng • div. Bid and asked prices ; no sales on this day. 5 Less than 100 shares, t Bx of 100 p. c. in bonds. I Old stock, t Bx 100 p. c. stockdlT. TBxrlgbts. OUTSIDE SECURITIES (Givbk at foot op 7 oonsboutivb faqeb).—81 RBJST RAILWAYS, die street Rall^tay. Bid Ask. Street RallTraya. Bid. Ask. Street Railways. Bid. Ask. Street iRallwaya. Bid. Ask. CaLCem Gr.AB'kynlst s 111 112 NewWmb'g&Fll8tex.4ks 106 107 Cleveland Ulectrio Ry.... 94 95 Lynn* Bos- Ist 58 '24.J&L) {118k 116 Coney Island & Brooklyn. 330 NYtQusCo5sl946.A&0 Con 58 1913 M48 106 107 Metrop W. 9.(Chic).— Sff St.Ki. LUt. IttSs 1904 J&J 101 ib's' Stetnway 1 stOs 1 938.J &J 116 116k Columbus (Ohio)—Stock. 109 Mlnneap 81 Ry-5s '1 9.J4J {loek 110% 6i oertfs lndbtl910.JtJ 101 Cod Ss 1932.—S«« Phlla . list. New Orleans City Ky 31 83 B'kC&New 58'39.JAJ {114 117 OTHBR CITIBS. Crosst'wn— Ist 58...... 116 116% Preferred 103 104 ar.8t.&New lBt5s'06A&O 104 Bridgep Tr-lst 58 '23. J*J «108 110 Coneol Trac Pitts—S«« P hlla II North Chicago—Stock.. . 837 283 St. 6s. Buffalo Street Ry—Stock 100 Kansas City El 6s 110 lis Ist 58 1906-16 JAJ G'p't it Lortmer 1st 108 no6k 36" Kings Co. Blevat Stock Istconsol 5sl931.F*A 118 iVsk Bonds 4s 5 89 90% North Jersey St.—Stock. 34% Incomes. ... Deb 68 1932 M&N 5115 Lake St (Chic)Blev-8took 17% 1796 Bonds 283" 94k Bonds 96 Chicago City RR—Stock. 280 deb 5s 1938 J 998 THE CHRONICLE-BOND prices (5 pages) Page 1. [Vol. LXIX. BONDS. Price Week's Range BONDS. PiHce Week's Range Iriday, Range or since Friday, Range or Is since N.Y. h.2 N.Y.STOCTK EXCHANGE Nov. 10. Last Sale. Jan. 1. STOCK EXCHANGE Nov. 10. Last Sale. Jan. 1. Week Ending Nov. 10 Week Ending Nov. 10. Bid. Ask Low. High. ^o. Low. High >^a; Bid. Ask. Low. High. No Low. High Alabama Cent. See Sou Ky. ChI&L(< ou)refg58...1947 J-J i8 98 9^V6 10 92 108k Isbama Mid Isi kUg.1928 M-N 101 J'ne'99 98 1021^ Refunding g 6s 1947 J-J 108 108 108 lb 104 119k Albany &SnHq. SeeUciH. Chic Milwaukee & St Paul— Allegheny VaU See Penn Co, M & St P— Ist 78 $ g R D.'02 J-J 168 17 1« Oct.'99 161k 178 Am Dork & I. SeeCenofNJ Ist 7s£goldRD.... 1902 J-J •168 Ann An or Ittii 48 1995 Q-Jt 92 92^ 92^ 93 22 87M 96M l8tC&M78 1903 J -J 168 172)4 Sep.'99 160k '72k S4b Atch T & S Fe gen g 48. . 1 995 A-O 98^ Sale 9S96 99 QIU lOSJg Chic Mil & St P con 78.1905 J-J 1H8 169 OOL.'99 160 174k Registered 1995 A-O lOlJt Sep.'99 100 102^ 1st I & D Exten 7s 1908 J-J »168 Sep.'99 161 172k Adjustmeiii g4s 1995 Nov+ ilH Sale 8IH 33 355 78 88!i 1st Southwest Div e8..190« J-J *119 1201^ Sep.'99 112% 122k Registered 1995 Novt 83 Feb '99 83 Ist l.a Crosses D 58. .1919 J-J 120H Oct.'99 120 i20k Equip trser Ag 58 1902 J -J 1st So Minn Div 6s 1910 J -J 119 121H Oct.'9y U8kl23k Chic & St Lou i8t68..19 M-8 IstHasl&D Div 78.. .1910 J-J 131 , 13(1 Oct.'w9 129 132k Atl At Bklynimp u S8..1934 J-J 110 Jan.'99 108 110 58 1910 J-J 113 109^ Dec '98 Atlan & iJanv He* South Ry Chic & Pac Div 6s 1910 J -J 120 12"H Oct.'99 120k 123 Atlan 4 Tad See South Ry Chic&PVV l8tg58...1921 J-J 12i9i Sale 12094 10 1189^ 124k Atlanta & Char. See Sou Ry Chic & Mo Riv Div 58. 1926 J-J 1:^1 185 122ii Aug'99 118k 12592 Austin & N W. See. So Phc. , Mineral Point Div 5s.. 1910 l-J •110 114 112 Aug'99 no 112k Bat Creek & S. See M Ich Cen Chic&LSu Div g 58.. 1921 J-J 122^ J'ne'99 122k 122k alt & O prior 1 g 3^8.1925 - 94 Sale 94 9e% 141 931^ 100% Wis&Mlun Divg 5s. .1921 J-J 119 121 1199* 1199« 119 123 Rei/lstered 1925 - J Terminal gold 58 1914 J-J 119 118H May'99 115 118k "97 '99" Gold 48 1H48 Ot ji Sale 863 96 1029g Far & Sou assu b 6s 1924 J-J 137^ J'ly '99 137k 137k Registered 1948 Ot " Cont sink fund 1916 loe^j May'97 "^6" "31 5s J-J SouihwDiv l8tg3}<^8.1925 J -J Sale 90 "9m 90 96Ji Dak&GtSog5s 1916 J -.1 116 Oct.'99 112k 118k r I t 1 1 Reiil't d 1925 -J • • • • Gen gold 4s series A. . . 1 989 .l-J§ •nOHUlJii 110^ Ok 108k 114% W Va&PlstgSs 1x90 A-O Retiistered 1989 Q-J8 105>^ Feb '98 MonoD Ulv Istyug 58.1911' F A Gen gold 3;^s series B. 1 989 J-JS Cen Ohio R let eg 4^8 1930 M-S 111 J'ne'99 108J^ 112 Registered 1989 J-JJ Plit8&Con I8tg4s...l946 J-J 107)^ J'ly'98 MU&Nol8tM L 68... 1910 J-l) 121 Oct.'99 121 121 Beech Creek. See N Y C & H. Ist consol 68 1913 J-D 183 125 J'ly '99 125 126 Bel & Car. See Illinois Ceut.. Chlc4 ^o^thw—Con 78.1915 F 145 Set'.'9 142% 1459< Boonev Bridge. See M K & T, Gold 78 1902 ?. D UIH U2H 1119i Nov'99 111 115 Bway&7thAv. Se€Met8Ry Registered 190'- J-D 1115« 112H Aug'99 112k 114 Bklyn Rap Tr g 58 1945 A-O no 109M 109^ 108 116 Slnki gfundOs lH79-lWi;9 A-O 120 Sep.'99 115 120 BkCitylstcon 58.1916. '41 J-J n&H.- .. 116>^Oct.'99 115^1171^ Registered .... 1 879-1 929 A-O 116 J'ne'99 116 116 BkQCoA ScongugSs. .'41 M-N 105 1041^ Nov'99 104>^ 108>^ Sinking fuiid 5s..l8-:9-] 929 A-O 106H J0696 10^9^ 106 110k Bklyn Ei 4-581950 97i|( 20 109 Un Istg F-A 97H Sale 97 97 1U4H Registered . . . .1879-1 929 A-O 1059i Mar'»M 1059< 118 Bklyi & Montauk. SeeLIsl. Sinking fund deb 58. . .1933 M-N 118 Nov'9 123 Brnns & West Istg 48.. .1938 J-J 79 Registered 1933 M-N 119M Dec '98 Buff N Y & Erie. See Brie. 25-yeardeben ure58..1909 M-N 108 107H 107k 107k 111« BnlTR&Pgen g 5s 1937 M-S 107 108 108 107 111 Mar'98 108X Registered 1909 M-N 109k 118*" Debenture 6s 1947 J-J 30-year debenture 5».. 1921 A-O i'ls' 118 J'ly '99 i 17k •1*27" Roch& Pitts Istg 68.. 1921 F-A 129 J'ne'99 127M 129 Regis ered 1921 A-O 1179i Feb '98 Consol Ist 6 1922 J-D 138 127 8ep.'99 127 13UH Extension 4s 1886-1 926 F-A noH 109 Aug'99 106 109 C1& Wah 1st gugSs... 1943 J -J 103 Apr '97 Registered . . . . 1886-1 926 F-A 106% Feb '99 106% 106% Buff & Southwest. See Erie. Gen Gold 3^8 1987 M-N 108 lOf-k Oct.'99 102k 110k Buff&Susq 1st gold 58.. 1913 O Registered 1987 Q-N 103 Nov'98 Registered 1918 O Escaii & L Sup l8t 68. . 1 90 J -J 1079< May'98 Bur C R & N 1 8t 5s 1 906 D 108 ... 109 Oct.'99 106 110 DesMoA Minn Ist 78. 1907 F-A 103 103 103 Con l8t&coltrg58....1934 A-O ni4« ... 116 116 111 117H Iowa Midland 1st Ss. . . 1 900 A-O 103 Sale 103 Registered 1934 A-O llOJ^ Feb '99 UOJillO^ Wiiona & St Pet 2d 7s 1 907 M-N 124 J'ne'99 124 124 M&StLl8tgug7B....lt<27 J-D Mil& Mad l8t68 1905 M-S iVs" 117k Feb '99 117k 117k CRI F&NWl8tg58.1921 A-O 105 Jan.'90 106 105 OttCF&StPl8t58..1909 M-S 108 llt> HO 110 111 Canada South Ist 58... 1908 J -J •10s 108K 108H 108^ 107H111X North Illinois Ist 58.. .1910 M-S 108 114 Aug'99 113 114 2d58 1913 M-S .... 108H lOHjj U8H 107^ 112 MilLS&W I8tg6s...l921 M-N 136 140 186 la6 136 143 Registered S '97 1913|M- 106 Jan '97 Convertible deb 58. . 1 907 F-A 105k Feb Carb & Shawn. See 111 Cen. Ext&Impsf g68...1929 F-A 120 Sale 12U 120k 11796 129 Car Cent. See Seab & Roan. Mich Div 1st gold 6s 1924 J-J 140 144 140 l40 140 140 Carthage & Ad. SeeNYC&H Ashland Div Istg 6s 1925 MS 14iJ 141 Oct.'99 140 146 CRIaF&N. SeeBCR&N. Incomes 1911 >I-N 112 114k J'ne'99 114% 114% Cen Branch U P 1st g 4s. 1 948 J-D 89 Oct.'99 89 939^ ChlcRocklA Pac 68. ...1917 J-J 180 Sale 130 1311 I 130 136^ Central Ohio. See Bait & O. Revistered 1917 J-J 132k Aug'99 132 134k CenRR & B of Ga—Col g 58'37 M-N 94 96 Apr '99 95 96 General gold 48 1 988 J-J 106^ Sale 10 10'49< 156 10496 1109< Cent of Ga Ry— 1st g 58. 1945 F-At 120 ll8«Oct.'99 116^ 122 Registered 1988 J -J 107% Apr'99 10596 107% Registered 1945 F-At DesM&FtDl8t48...1905 J-J 96 Sep.'99 96 Consol gold 58 1945 M-N 917«Sale 91% 9 H 73 91% 100!^ I8t2>ij8 1905 J-J 87k Aug'99 83 Registered 1945^M- N 979i Oct.*K9 9 7M 97|4 Extension 4s 1905 J-J 98k May'99 98k 9ok let pref income g 58 ..1945 0ct.i 88 3'.% Nov'99 36 44M Eeok&DesM 1st 5s. .1923 A-O 113 lis 109 114 2d pref income g 58... 1945 Oct.* ' 9 10 Oct. '99 10 15 Small 192a A-O Sd pref income g 5s... 1945 Oct.* 7H 6« Aug'99 6 7^ rhic&Si L .sVeAtchT&SF- M&NDivlstg58 1946 J -J 106" 95 Dec "98 ChlcStL&NO. See 111 Cent. Mobile Div Istg 58.... 1946 J -J 100 96 J'ly'98 Chic St L & Pitts. See Pa Co. Atl Div 5s. . ISflk 16 186 141 Mid Ga & 1947J-J 00 102 J'ne'^9 102 102 Chic St P M & O con 68. . 1 930 J-D 126 136k Centof N J-lst oonv 78.1902 M-N 110 8ep.'99 109>^ 112 ChStP& Mln I8t6s..l9l8 "-N 133 134 Nov'9 ^ 127k 138 140 140 Convertible deb 6s. . . .1 908 M- N 112i^ Mar'99 112^ 112« Nor Wisconsin 1 st 68.. 1 930 J-J 140 Mar'99 58 i Oct.'H9 131 Geiealgold 1987 -J 1199iSale 11994 l.iOH 30 113^ 122^ St P & S City 1st g 6s. . 1 9 1 w A-O •13«^ 132 129k 128k Registered 6 20 1029< 1987 Q-Jt 118 118 118 112^ 121k Chic Ter Transfer g 48 . . 1 94 7 J-J 97^ Sale 97k 9-k 93k I.eh & W B C con as 78.1900 Q-M 100 100 2 9H% 102^ Oh & ^^ est 1 1st 8 fg68.. 1919 M-N 108 106 Oct.'99 11 6 106 5s 120 123 1912M-Iif 108 Oct.*99 87?i 10;i General gold 6s 1 932 D 119 120 Oct.'99 Leai Hud Reen gug5s.'2 J-J Chic & West Mich Ry 58.1921 f D 100 Oct.'99 100 100 Am Dock & Imp Co 58.1921 J-J U5H 115^ Nov'99 114 116X Coupons off. 1921 P9k J'ne'99 9996 99k Cent > acidc bet S Pac ''o Cln H & D con 8 1 78 1 905 A-O 120 Aug'99 120 120 Charles & Sav 1 st g 78. 1936 J-J 2d gold 41^8 1937 J-J 103k Oct.'97 Ches & Ohio—G 6s ser A.1908 A-Ot 115 115 Oct.'99 111K119H Cln D&I 1st gugSs... 1941 M-N 112« 115 Oct.'99 118 115% Gold68 1911 A-OT 113 121M Aug'99 llSJiJ 123 CIStL&C. SeeCCC&StL. Ist con g 5s 193b M-N 1161^ Sale 116 ll«k Ifc llrt 121 Cln S & C. See C C C & St L. Istered Re 1939M-N 117 J'ne'99 1161^ 118l< City & S Ry Bait Istg 5s 1 922 J-D "95"' "84 Gen gold 4!^8 1 992 M- S Sale 95 959* 909i 97H Clearfield & Mah. SeeBR&P. Registered 1992 M-S e7« Aug'99 92% 97% ClAk&Ceq&2dg6s.. 1930 F-A '.'.'.'.'.'. B & A Diy I 8t con g 48 1989 J-J 107" 104 Oct.'9v< 104 108 C C C & St L—Gen g 48 1993 J-D 95 Sale 96 95k 88 87V 08 2d cone 48 198t J -J ' 99 100 J'ne'99 100 100 Cairo Div ist gold 4s 1939 J -J 97 J'ne'99 "5 95$ 97 Craig Valley Istg 58..1940 J -J 96« Ma7'98 St L Div Ist col trg 48 1990 M-N 102 102 99lt 103% Warm Spr Val Ist g 58 1 94 1 M- 8 lOlH Apr '99 101 101}< Registered 1990 M-N 99 May'99 99 90 EUzLexA B Sgug 5s.l902 M-8 iboji 10">t, !0li4 lOOH 104 Spr & Col IMv Istg 48.1941 M-S Chic & Alton sink fd a8..190H M-N 109 J'ne'99 108 llOM W W Val Div I8tg4s.l94( J-J 87 Ang'98 •• •••••• Lou & Mo Riv let 78 . .1900 F -A 103H Oct.'9M 1039i 107H Olli W AM Div lBtg4i.l991 J-J 95 95^ 95 95 10 95 07 2d 78 1900 M-N 106% Feb '99 106% 106% OlB I 8t L & C lit g 41.1936 Q-Fb 104k Ang'99 108 104M MlasRlvBlstsfg 68..1912 A-O Resriitered 1936 0-Fb Chic Bur & Q—Con 78. . .1903 J-J llSJi Sale 113H 114H 5 113 1179« CI St L & C cons 6i.. 1920 M-N Sinking fund 58 1901 A-O li'O 102Vi 100 ICO 1 10' 105 Oln B & CI oon latg 68.1928 J-J 118k J'ne'99 1 18k 118% Debenture 58 1913 >1-N 109^ Sale 109J^ 109^ 10 109H113 IndBli Wlit pf7i..l90ti J -J 1 08k Apr'99 103k 103k Convertible 58 1903 M- 8 130m 132^ 3 125!ii 151M Ind AW litpf 5I...1938 11 i'.. IS Div 85 1'^ g 3>t8 .. 1949 J 10 3H Sale luBH 104 5o 103^ 104H Pco & Boat Itt oon 4i . 1940 vs 85 Sale 85 Ban 88% Regist red 1949J Inoom«4». 1990 * 80 84 22k 96 14 17 88 Iowa Div sink fd Ss ...1919 A-O 112 118« Sep.'99 115« 118« Contol 7« 1914 138k J'ly '89 185% 138% 4b 1919A-0 104 105 Oct.'tt9 103Hi 107 C C f & 1 consol 1 1 7i,1914 J-D Denv Div 48 1922 F -A 103 Oct.'99 lOlH 105 *9n ooniol gold 6f . .1934 J -J 131 Nov'9h 31 137% Southwestern Div 48.. 1921 M-S 100 Apr '99 100 105 Bwrlitered 19d4 J -J Chic A Iowa Div 5s.... 1905 F-A 105 Aug'90 105 106 OASlit M C & I7i.l9(1 A-O 108k Feb '99 108% 108% Net raska Exten 48 .... 1927 M-N 108« UlH Oct.*99 1059i 113% 1 Lor & Wh oon Ist 5s 1938 A-O lOSk iO#H 10 106% 106% Registered 1927 M-N ni% J'ne'99 111^ UIH laT * Marietta. 8«e Pa RR. Han & St Jos con 6s... 1911 M-8 120*' iVa" 120 120 120 124 HaT * Mahon Val g eB..1938 J -J 184kJ'ne'e9 188 184% ChlcA E 111. I8t8f cur 68.1907 J-D 114« Oot.'99 114 116^ B«glit«red 1938 Qn-J 8ma! 1 1907J-D Act a PltU. Bt» Penn Co. iBtcongfls 1934 A-O '136 136 138 10 134 139H lol Mldl'd— Itt kS-8-41 1947 J - 62 63 63k 12 68 «0 Gen con Ist Ss 1937 M- 118 19 lltg 4i 1947 I . 71 72 7lkOct.'99 70 76 N USMSale una 109^ 117^ "67 Registered 1937 M-N 103« Nov'98 Col & Sou Istg 4b 1929 F-A 84 Bale 84 85k 84 90 Chic & Ind C Ry 1st 58 1936 J-J '104 107 Aug'99 107 107 Jol * 9th At. Sm Met St Ry. Chlca«o & Erie. See BJrle. loltim Jc Greeny. See So Ry. Chic Ind & LoulsvUle- Col A H Val. See Hock Val. LoulsvN A4Chl8t68..'10J -J 114 114 114 118H' 3n1 Conn & Term. 8«t Nftw • Mo price Friday; latoet bid and asked thU week. tBondadaeJuly. * Due Not. I Due June. 1 Dae Jan. iDneMar. a Option mIm. bDneAoSi c One April. OUTSIDE SECURirrES (Given at foot of 7 coksbcutivb pages).— fi'^-S^ SEGURITIEb, dbc. Bid. ABk Uaa Hecurltloa. Bid. Ask. (Jas Seen rl ties. Bid ABk Uas Securing" Bid. koohenter Rv. 17 I8k Voroester (MassjTr-Oom 89 31 N Y Bleo Lt Ht & Pow 48. 90k 01 UTHUH UiriBiO. Con Ss 1980 A&O I07k 108 Preferred 105 107 Gold 68 101k 108 Baltimore Consolldat—St eBalt Lis* 8d 5b 193H J&D 84k 86k NEW FORK. «J Y & Haat River Gas— Bay State Gas— 196 IN Ro flirte F' (Chio)—Stook 90 Cent Union Gaa^lBt 5b « 106 Ist 58 1944 J&J 110 118 Incomes Boston UnltedGas Bonds- -Bosto nLlst Syracuse Rap.Tr.. 68, 1046 § 92 03k Con Gaa (NT)—Stock— YStk B>ob Consol 58 1945 J&J 100 US Uni<>n Trac (Ohio) Com. 82k 33k Deb 5s 1908 M&N 106 110 NorUn l8t 58 1927.. MAN 94 96 Buffalo City Oa»— Stock. 8 Preferred 81k sak Bqult Gaa 116 118 atandard Gas—Common. 110 115 Ist 6s Bonds t 83 88 United Rys (St L)—Com 86 80 lBt6B 1899 FftA iioi loak Do preferred... 149 hlcago Gh8—See N T Sto ok Bz on. Preferred 00 96 Con. 5s 1932 M&8 aiak 118 1st 58 1930 MAN lie 118 Icero Gas Co Ist 68 103 4b 94k Mutual Gas 300 BROOKLYN. inclnnati Gaa & Coke.. 184 186 Norfolk Va) . . • Dn Tr*Blec(Prov)-8t'k 107 N. Amsterdam Gas, Com 2»k 31 Brooklyn Un Gas—N Y 8t 00k B xota (31ty Ga« . . ettt W'lt Chioagc oi 119 110k Pref 56 68 Ist oon 5b—N Y Stock Bzoh. 1st 6s lnt«rei>t tPrlreir* 1069s 107k 1st consol 5b \ 96 97 wilHamsbnrgGaa- 1st 8b {100 {And — 6 . 1 — . PRICES pages) Page 2. Nov. 11, 1899.] THE CHRONICLE-BOND (5 999 gowge 81 Pne« Week's Bangt BONDS. Price WeeJ^t BONDS. Friday, Bange or $%nct Friday, Bange or W.Y. Jan.l N.y.BTOOK EXCHANGE i\ov. 10. Latt Bait. Jan 1. STOCK EXCHANGE Nov. 10. Latt Sale. Wbbk Ekdinc Nov. 10. Wbek Ending Nov. 10. 5« Bid. Aik Love High. No. Low. High Bid. Ask. Low. High Low. High Ooim A faa RIys lit g 4s. '43 A-O nilinois Ceitral (Con) DakAQtSo. SMCM&StP. CoU tr 3-10 gold 4s.... 1904 J-J 100MSep.'9> aUaa St Waoo. See M K JtT. RegUtered 1904 J-J i" ill" 16 iiiji DalLMk A Western 7s.. 1907 M-S 127 126H J'ne'99 186^ 136^ Western Line Istg 4s.l951 F-A Oct '09 Btt Blng Jt N Y 1st 7S.1906 A-O 184?i Aub'99 134Vi 134^ Registered 1961 F-A 101«.,., 102% Se'p."'91< "93«i05M Iforrlsi Bssez lit 7s. 1914 M-N )37« 137« 137>4 137H 144 LonlsvlUe Dlv g Z\i» . 1953 J-J 7 1900 J -J •103 107 dep.'wo Registered 1953 J-J '.'.'.'.'.'. "92 81 08^ 7s 1871-1901 A-O 105^ 105M if^fk U5i< 111 St Louis Dlv g 3s 1951 J-J "96 Ji Oct'9! 1915 141 Registered 1951 J-J Istoongnar 7s J-D 141H Sep.'99 141H146k 94 Registered 1915 J-D 140 OCl.'9h Gold 31^8 1951 J-J ioo" ib'iH 10i)< lOlVi 105X Oct'99 101)^108^ if YLack&W 1st 6s.. 1931 J -J 139 J'ly'99 138 143H Registered 1951 J-J 101>6 Constraotlon Ss 1923 F-A 123 8ep.'9» 117 183 Cairo Bridge gold 4s.. 1950 J-D Term & impt 4s 1923 M-N J'ne'99 108^ Reglstored 1950 J-D 108H 108)i 183 l»Tyi Warren 8(1 7s 1900 A-O 108 Ang'98 Middle Dlv reg 5s 1921 F-A 123 May'9« De'aware& Hadfon Spring Div Istg 3J Isi Ss • • • Ist 6s HI 1933 J4J «105)4 • Ist Ss 1915 F4A 101 106 1936 A40 »07 1000 THE CHRONICLE -BOND prices (6 pages) Page 3. [Vol. LXIX. BONDS Price WuJt't Bange BONDS. PriM IfeelC* Mamge H. FYiday, Range or tinee Friday, Range or eitiM Y.BTOOKSZOHANGE Nov. 10. LastStUe. Jan.1. N.T. STOCK EXCHANGE 11 Nov. 10. LatttMe. |l Jan. L Wbbk £NDiNa Nov. 10. Week Ending Nov. 10. Bid. Ath. Low. Hiah. Lovo.HigK Bid. Aik Lota. High. Ko. Low.Migh. Max Cent oon gold 4i. . . 1911 J-J 77i< Sale 77 77^ 68% 78)4 N Y Cent—L 3 4 M S (Con) litoonlnoome g8i...l939 J'lJt 25'4 Sale 38H 86% 16)4 89^ ConaolSdVa 1903 J-D 114)6 116 J'ly '99 114% 117)4 Sd oon inoome g 3s. . , .193i^ 1 1294 Sale 12 12H 9% 14% Begiatered 1903 J-D 114)6 Sep.'99 114)6 ueQ 11 "109" 3 qalp&oollg 5i 4-0 Oold 3)4 1997 J-D \ 110)6 110)4 106 119M M«z lutematlitooM a 4i.'77 M-S 8 7 Sale 87 87H 84)i 88% Begiatered 1997 J-D 108 Oct.'09 • • •• 106 111 Max Nat 1st gold ei 1937 J-D 100 Sep.'99 100 100 Ctn4 S latgLS4M S7a'0l A-O 108)4 De«'97 >d Ino 6i A Cp stmpd .1917 M-8« KA40B latgo58.1938 J-J 8d Inoome gold 6a B..1917 An.* 14 Apr '99 14 14 Mahon CI RR Ist 5s.l934 T- •120 122% Nov'99 122%*188% Mm North lat gold 6a.. 19 10 J-D 107H 108- Oct.'99 108 108 Mloh Cent— lat oon 781902 W-N •10691 UC14 Sep. 99 ( 1 c . cLt Oo. 148 144 JHobpire & Bay MtHUtt Tel 7H 80 <>aoiflo « AMantio 78 88 Baat Bnd Electric Light. Toronto Can Pneumatic Trans 1 Tb.)m HouatWe .InpCo. 100 Brie Teleg i'ee Providence Telephone. . 90 Electro- 4 Telep— S tckBi List 18 franklin 42 60 Southern 4 Atlantic 98 loa'" Fort Wayne Bleo. Co.. 35 40. 8o. United ElecLt4P Copref 18 Gold 4Stook 118)6 West'n Union Teleg-N Y Stook Hxoh SorlOB A ••••••••• Bond.j « 96% 97% Bonds 90 EleotrSc C'ompanlea. General Electric C< —N Y Stock Bxoh Woooaocket ;B I) HI Co.. 106 Hudson River Telephone 114 lie Allegheny Co Lljcht Co... 168 173 Do pref.—See Boston L lat. Jlntematlon Ocean 116 Brush Itlectrlc Co 44 46 Hartford (Ct) BlecLt Co. 138 133 Kerry Companlea. Ferry-Stock .. 85 Mexican 815 330 Br'dgprt (Ct) HI Lt Co.25 t 47 Hartf'd(Ct) Lt4PowCo26 t 6 8 Brooklyn 88)6 Telegraph 96 Mexican nlist. Consol Electric Storage. 10 30 Mo Bdison Bleotrlo 86 28 Bonds Ss I 94)4 Telephone—See Bosto 118 69 I Metropolitan Ferry—6a.. 110 Kew Kng Telep—See Bost on Itat Bddy Electric Mfg Co..25 t 18)6 16 Do preferred. 67 y Ferr»—Stock.. North weitem Telegraph. 116 Hdison HI III Co NY—N Y Stook Bxoh Narragan. (Prov)BlCo.5t 96 100 IN J 4 N IstSs 1948 J4J «11S 116 N Y4 N J Telephone.... 196 201 BdiBon Bl III Co Brk—N Y Stook Hxoh New Hav (Ct) Blec Lt Co 195 Interest. tPrloe Rh a 1920 M4N 118 115 BdlaoD Ore Milling Co.... 7 11 Rhode Island Bleo ProOo. 118% I iAna per are JA . « pages) Nov. 11, 1899.] THE CHRONICLE -BOND prices (5 Page 4. 1001 Prie* Week't Range BONDS. Price Week'i Mange BONDS. Friday, Range or tince 8"S Friday, Mange or tinee ILYJSTOOK EXOHANOF Not. 10. Last Salt. Jan. 1. ».r. STOCK EXCHANGE ^o^. 10. Last 8ale. Jan. I. Wbbk Bndino Nov. 10. Wbbk Ending Nov. 10. Bid. AMk. Low. High. Low. High Bid. A$k. Low. High. No. Low^igK nttiOIerekTonitgOB. . 1922 A-O 107H OouUS South ern Ry— Pitta AOonneUsT. SceBitO. 1st oon g Ss 1004 J 108 Salo 107% 108)4 169 103)4 118W nttaFtW&Cta. SeePennOo. Registered 1094 J 106)4 Mar'9w 106)4 loew ntU Juno lit g 6s 1922 J- 181 NOT'98 Mem Ulv l8tg4-4)4-6sl996 J •107 108)4 Ang'99 107)4 UOS PltUA L Brl»-2dg 5i . .1928 A-01 Registered 1996 J PltUMoK & To—litga 68.'32 J- AlaCen R Istg 6a.... 19 18 J-J 112)4 Aag'97 «d guar 6s 1934 J- AtlACh Air Line tno. 1900 A-O 100 MoKee&Byistg6s.l918 J-J Atlaa & Dan I st g Ss ) 9 ^C J -J 101)4 102 100)4 Aug'99 100>4 108 PltUPAFlst g5s 1916 J-J 90 J'ne'99 90 90 Col & Greenv 1st 5-6a.l916 J -J 116 \lf*H J'ne'99 117 11894 VlttiSb & L B lat K5S..194Q A-O 116 J'ly'99 113 116 BT Va&Galst78....1900 J -J 103J4 10394 Sep.'99 10394 IO6J4 IttooDsolgold 5s 1948 J-J 98 J'ly'97 Divisional g 5s 1930 J-J 116 116 Oct.'99 114)4 118^4 rata* West 1st g 4s... 1917 J-J •100 99H Oct. '99 98 100 Con Ist gSs 1956 M-N 115)4 115^ 115)4 lis 180 J PM 4 Co certfs •ICO 99H Oct.'99 98)4 100)^ B Ten reor lien g 4-5s.l938 Bl-S 107J4 108 10794 Oct.'9» 106 110 PltU Y 4Ashl8toon5sl927. M-ti Registered 1938 M-8 . 122 RMdlng Co gen g 4s. . 1 997 J -J 86^ Sale 86X 87il-N lOd 106 106H 10i)« 111 "26 '97' aioarJuDO Istgug 5s. 1939 J-D 105 Sale 105 105 102)« 105 Atl & Yad Utg gu « 8.1 949 A-O BloQrSo l8tg3-48 1940 J-J 74 72 Aus;99 72 74)4 Virginia Mid ser A 08.1 906 M-S iaooh & Pitts. See B R & P. Small 1M06 ni-s Ilome W at. & Og See N Y Cent. Seres B 6s 1911 SaltLakeC Ist g si 6s. '03-13 Small 1911 M-S tJO&Gl Ist g 2-3-48.. 1947 83H Sale 9S^ 86 79)4 S7 Series C 68 19 16 M-S flt L * Cat Sm Mob & Ohio. Small 1916 M-S 9t L & Iron Mount. See M P. Se les D4-58 1921 M-S 102 Oct,'W9 108 108 at L K O A N. See Wabash. Small 1921 M-S atLU Br. See T RR A of StL Series B Ss 1926 109 Jan.'99 109" ioo" — M-S dt Louis it tan Francisco Small 1926 M 8 2dg0ld 68 Class A 1906 M-N •110 113 114 J'iy'99 112?4 115 Series F 58 1931 M-S Mgoldds ClassB 1906 M-N 110 113 iioh; llOH 110)4 115)i GenSa 1936 M-^ no 100 Nov'93 K0 116)4 adgold6s ClassO 1906 U-H •110 113 114 J'ly'99 112)4 lis Gtd stamped 1936 .>I-N 110 lis Aug'99 113)4 116 1st g 6s Pieroe C * 0..1919 F- 110 113 W0& W 1st oygn 48.1934 F-A • 86 00 Feb.'99 90 94 0«iierol gold 6s 1931 J-J •124« 124« 124^ 1 132 126^ West N C Ist con g 6s. 1914 J-J •11T)4 118 Oct.'99 117 180M a«neral gold 58 1931 J-J 11 OH Sale 110 110J4 23 107 118)t 8 & N Ala. See L & N. lit trust gold Ss 1 987 A-O 100 lOOK Oct.'9« 100)4 I0o>t Spok Falls&Nor Istg 6s.l9S9 J-J 186 rt8&VBBdglstg6s.l910 A-O 106 O0t.'H7 Stat Isl Ry lat gu g 4)4s.l943 J-D »100 Kansas Mid 1st g 4s. . .1937 J-D Snnb (fc Lew—See Penn RR. BtL& 8F RRg4s....l996 J-J 84 Bale 331^ 84 83 89 Syra Blng ANY. S««DL4W. Sonthw DiT Ist g 58.1947 \-o 110« 1004 loo;^ 98 102 -^Per A of St L lat g 4)4a.'39 A-O 111 11294 J'ne'99 U2W 11894 Cent Dn Istg 48. . 1929 A-O 96 Sep.'99 95 06 1 1st oon gold 38.1894-1944 F-A •112 11194 Nov'99 11194 115 flt L So. Set Illinois Cent. St L M Bge Ter gu gSa. 1930 A-O 110 103 OoU'« Ct L S W 1st g 4s bdofs. 1989 M-N 88*4 Bale 87« 89 187 84« 97 Tex A N O. See So Pao Co. *d g 4s Ino bond otfs. 1989 .T-.H 60H Sale 59H 61 841 40»4 66T4 TexAP Ry B dlv latg 6a.l905 M-S 107 Nov'99 104 107 Gray's Pt Ter Itt gu g 5b'47 J-D Istgold 5s 2000 J- D 114 Sale 12)4 114 47 109)4 116M ft Paul Olty Cab. o g Ss. 1937 J-J 110)i lllH Oct.'99 108 112 8d gold Inc. Ss, Deo... 3000 Mch. SO Oct.'99 45% 56 Ooaranteed gold 5s... 1937 J-J Bng trust Co ctfs 56 J'ly'99 53% 58)4 ItPanl * Dnlntb— Third A V 1st gold 5a .... 1 087 J 188)4 12794 12794 125% I8O94 IstSi 1931 F- 119 130 Feb '99 130 133)i TolAOC Istg 5a 1935 J 106)4 107 Oct.'99 104 107)4 BdSl 1017 A-O 108 109« Oct. '9 9 109)4 115 West'ndiv Istg 5S....1035 A-O 100 103 100 Nov'99 too 100 litoog 4a 1968 J-D 101 lOO^ft 100)4 09 103 General gold Ss 1935 J-D CIt Paul Minn & Manltoba- Kan A M 1st ga g 4s.. .1990 A-O 84)4 85 84 Nov''90 80 89 SdSa 1909 iai)^Sep.'99 131 124)4 Tol Peo A W Istgold 4S.1917 J-J 80 81 2 78 88 Dakota ext gold as. .. .1910 128 Oct.'99 133 135)4 TStLAKO Istg 68tr.l916 J-D 117)4 lis 15 93 181)4 1st oonsol gold 6s 1933 148 Oct. 99 138)4 146)4 Tor Ham & Buff 1 st g 49 1 946 J-Dt 99 Ang'99 90 100)4 Registered 193S 137MFeb'99 137H 137H Ulster A Del 1st og 58.1928 J-D 10494 105)4 105 K'6H 09 loe Bedaoedtogold4Hs 1933 116 Nov'99 a 5 113)4 119)4 n Bl (ChiB) lat g5s..l945 A-O Registered 1933 J-J 106MMar'9H DElon Pacific— MontBztlstgold4s..l937 J-D 103 Oct.'99 102)4 108)4 BRA land grant g 48.1947 J-J 10394 Sale 103 104 808 10294 109 Registered 1937 J-D 104 Jan.'»9 104 104 Registered 1947 J-J 103T4 Oct.'99 103% 108H Minn Onion 1st g es. .. 1922 J-J 133M Jan.'98 OreRyANavlata f g da 1909 J-J 108 108 "i 1C8 118 MontC IstgQ gea....l9S7 J-J 132 135 135 Oct.'99 134)4 137)4 Ore RR ANav oon g ia. 1 046 J-D 103)4 Sale 103)4 103% 53 lOUH 106 Itoclstered 1937 J-J 110 Apr'97 Ore ShortLlne 1st g 6a 1022 F-A 189 Sale 138)4 189 11 186 188)4 lat b'Qar gold Ss 1937 J-J 117 Oct.'99 il3« il9J4 Utah A Nor lat 7a 1908 J-J 121 Mar'99 181 181 Registered 1987 J-J Gold Sa 1926 J-J 108 May'97 BMlBtdlTlatg9s...l908 A-O lis 3ep.'90 110)4 113)4 Ore 8h L— lat oon g 6a.l946 J-J 114)4 114)4 114)i 108 117)4 RegUtered 1908 A-O Non-oom Ino A 5a. . .1946 Sep.t •••«•• •«#••• 102)4 102)4 86 108 NordlT lat g 4a 1940 A-O Non-ou Ino B Aool trl946 Oct.* 75)4 Oct.'99 65)4 80)4 Registered 1940 A-O DniNJRRAOOo. SeePaRK WlIlASFlstg 6a. ...1988 J-D •115 130 Apr '99 115 130 Dtah Central. See Rio G W BegUtered 1938 J-D Utah A North. Se« Ore S L. Bt P * Nor Pao. See N or Pac UtloaABlaokR. See NY Cent A P* a'x Olty. Sm O 8tP MAO Ver Val Ind A W. See Mo P. « FePrea&Pb Iatg5s.l942 M-S 106M 106M 05 10794 IrglnlaMld. See Sooth Ry. fl AAAP. SMSoPaaCo. Wabash RR Co— ePAMPlatar g5a...l919 J -J 106^ Sale 112?^Oct.'99 112H 11254 IstgSa 1939 M-N 114)« Sale 113% 115 40 lis 118 Bar F & W lat oon g 68. 1934 A-O 122 122 Nov'99 128 122 8d gold 5a 1939 F-A 100), 100 100)4 94 108 lstg58 1934 A-O 110 113 Mar '99 118 1S6H Debenture aeries A, ... 1 939 J-J • 78 80 80 10 75 80 8olotoVal&NB. 8«eNor No price Friday; latest bid aalee. and asked this week, t Bonds due Aug. t Due July. I Due March. T Due Jan. i Due Nov. a These are option OUTSIDE SECURITIES (Given at foot op 7 oonsbcutivb fxqeq).^FBRRV S MISCBLUS. Perry Companleg. Bid. Ask. MIscellaneona. Par. Bid. Ask. Mlaeellaneoua. Par. Bid. Ask Bid. Aak « Y * K K Ferry—Stock. 69 Amalgamated Copper. . . 86 86% Amer Hide & Leather... 36% 3H)4 Amer Wniiger com.. .100 105 Bonds 5s of 1932. MAN { 95 97 Am Agrlcul Chem—See B oston List Preferred 81% 88 Pref 115 ••eeaa Hoboken—Btook 68 70 Amer Air Pow of N Y.l 00 67 60 Amer Press Assoo'n.. 100 8u 05 ^mer Graphophone. ... 10 t 12% 13% 1st 6s 112 114 ^merlo'n Axe A Tool .100 20 31 American Screw 250 t800 Preferred 10 t 13)4 13«4 Con. Ss 95 95% Amer Bank Note Co... 50 t 48 51 Vm Soda Foun—Com. 100 f, 10 Amer. Writing Paper Ss. 88 86 M Y A 8 B Trans A Ferry 26 30 American Beet Sugar.... 89 30 let preferred 100 45 66 Anderson (Jonu) Tob.lOO 9X llM Bonds Ss ot 1906. MAN « 87 91 Preferred 78 80 8d preferred 100 12 Automatic Vending... 10 t 3% 4 10th 23d A 8u Ferry 85 00 Amer Bicycle—Com 26 9< Vmencan Surety 30 315 825 Barney A SmCar 100 88 85 Ist 1 '68)4 mort 5s 9 1 9. . . JAD «104% Preferred 66 4.m Typefo'rs—Stock. 100 58 66 Preferred 100 87% 95 Onion Ferry-Stock 43 439i Bonds Si MAS 90 91 Vmer 8lrawboard....l00 3? 84 6s 1942 JAJ 105 107 1st 5a 1920 MAN {108 102)4 Amer. Bonds 68 Bergu A Bng Br—See Phi L list. Caramel—Common 50 52 FAA 108% '86% {Bayer pays aonrued intere St. Preferred 100 108 Amer. Woolen—Com.... 259< Ist 6s 109% tPrtoe per share. Amenoan Ginning 8094 21% Preferred 8194 82 Blnokwell's T)nrh Tnh as 17 10 .. 95 J ...... 9. ... , . 1002 THE CHRONICLE —BOND prices (5 pages) Page 5. [V( L. LXIX. BONDS. Price Week's Range BONDS. S'« Pnee WeeK's Range Friday, Range or si7ue I" .2 Friday. Range or since N. Y. STOCK H.T. STOCK EXCHANGE Nov. 10. Last Sale. Jan. 1. EXCHANGE Nov. 10. Last Sale. Jan. 1. Whek Ending Nov. 10. Week Ending Nov. 10. Bid. Ask. Low. High. ffo. Low High Bid. Ask. Low. High. Low High Bd B' 111 of Bklyn (Con)— NoWeitn Teleg. See West. Un. Klnss Co El L & P g 58.'37 A-O Psoria Wat Co g 6s.. 1889-1 M-N .'40 Purchase mon 68. . 1997 A-O Procter & Gamb 1st g 6s. J -.1 iisii J'iy'99 l8tcong48 193fl J -J 94M 9^}i Oct.'99 97 97>i Roch& Pit C& I pur m 5s 946 M-N q Oat LNT l8tcong5s..'32 M-S St L Ter Cupples Station 4 q O & Fuel. See P G & C Co. PropCo Istg 41^8 5-20 yr'17 J-D Q^n Bleo Co deb g 58... 1922 J-D 119 118M Aug'99 109 120^ S Yuba Wat Co con g 6s. .'?,3 J-J 101 Feb '97 ••#• •••« arRapOLCo 1st g 58.. 1915 F-A Sp Val Wat Works iBt 6b. '06 M-S »r Mo Gas Co Ist 2 5».1922 A-O Stan Rope 4T Istg 6s.. 1946 F-A f4 85 83 859< 10 Kings Co Bl L & P. See Edison. Income g 58 1946 24 Sale 2»% 2TH 225 20 36 Lac tias-L, Co ot StLl stg Ss' 1 Q-F* 107M Sale 107M 103 13 106J«i 111 Sun Ck Coal 1st g s f 68..1912 J-D Small bonds 1919 Q-F* TennCoalTDiv lBtge8.1917 A-0|i 110 no Oct.'99 t017< 191 Mnt Fuel Gas Co See PeopGas Birm Dlv Ist con 68.. .1917 J-J 110^ Sale novi 11 Oh 101 ISl 68..'22 - F«o Ga8&Cl8tgng68..1904 M-N 1091^ Apr'99 109^ 109>^ Cah C M Co Ist gu g J-D 108 . . 108 Aug'99 103 108 2d gtd g68 1904 J-D 107^ 107 SeD.'99 107 107H De Bar C 4 ICogug 68. '10 F-A 101 108 107 Oct.'99 96 109M lit oonsol g 6s 1943 A-O 125 120 Oct.'99 120 131 U 8 BnTelCo l8tsfg68 1918 J-JH SelnndlnggSs 1947 M-Sl 106 Deo '98 D 8 Leath To s f deb irfis '13 M-N • 115« 119 Aug'99 116 119)4 Keglstered 1947 M-S Vermont Mar Ist s f 5s.l9l0 58*37 Oh G-L&Cke Istgug J -J 'loa 108V^Oct.'99 108H lis West Union deb 78. . 1875-00 M-N 103^4 J'ne'99 103^ 107^ Oon G Co of Chlstgu g 58'36 J-D lllH Apr M9 107^ lllH Registered 1875-1900 M-N 103)i Sep.99 103V 103U q Q 4 FCh Istguges.'OS J- 104!^ Oct.'99 104H 107H Debenture 78.. . 1884-1900 M-N 102^4 May'99 102n 10»S Mn Fuel Gas 1st gu e 5.1 947 M-N 109 107 Aug'99 105 lO"?!^ Registered 1884-1900 M-N Trenton G& Ell stg 5s.l949. MS lOSPi Oct.'99 103^ lOS^i Col trust cur 5 1938 J -.1 1 14 Sale 114 114 113)4119 WMtn Gas Co col tr g 58...'33 M-N 101 M»r'98 Mut Un Tel 8 f'd 68... 1911 M-N 110 J'ne'99 110 113 Northwestern Tel 78 ... .'04 J-J MI80BLLANBOU8 BON DS. WhLB4PCCo Istg 58.'19 J -J Adams Ex—Col tr g 48.1948 M-8 103$i Sale 10394 104 63 103 107^ m Cot OH deb g 8s... 1900 Qu-F 102 104 102 1021^ 2 1C2 108^ U. S. GOV. SECURITIES. (For daily record see seventh vn oe V recedino.') V AmDk&Imp58. SeeCenNJ U S 2b registered.... Optional O- 1005i • lOlX J'ly'99 "2 99 101)4 1 Am Spirits Mfg Ist g 6s . 1 9 M-S 90 89 Nov'99 35^ 94H U S 3s registered 1918 F 108!^ 108V 108 :08 106H 10912 I8tg6s.l942 US3scoupon 191>* 8: F IO814 23 Bar AS Car Co J-J "77" "77" 108 106M 109)4 k'n W & W H Istg 58.1945 F-A 77 Sale 75H 93>4 U S Ss reg smiU b nds.l9 8 Q- F Cab Coal Mln. SeeTCI&R. U S 38 cou small bonds. 191"< Q- F 107$^ 1089^ 107H Oct.'99 106)4 109)4 hlo Jo & StYd col g 58.1915 109HFeb'97 U S 4s registered 19U7 V-Jl 112)4 112^ Il2i4 liaM 5 111 114 Non-cum. Incomes 58.1907 U S 4s coupon 1907 Q-Jt 112?< \ lH\i l\29i 1129^ 4 nil 114)4 Olearf Bit Coal. SeeNYCiH U S 48 registered 1925 Q- F li!9?J 130^ 129^ 1294« 5 128 13094 Col C 4 I Ist con g 88. . .1900 F-A 100 100<^ 100^ 99^ 101 U S 4s coupon 1925 Q- F 12HW I30W i29vi ^2o^ no 128 131 OolCAI DevCogug58..1909 J-J U S 5s registered 1904 Q-F llOH 111 110V< Oct.'99 110)4 113)4 Coupon off U S 58 coupon 1904 Q-F 111 Sale 1109^ 111 43 110)4 113)4 Ool Fuel Co gen gold 6s. 191 M-N 97 105 J'Iy'99 105 103 Col F&I Co gen sfg 58.1943 F-A 95 9S« NOT'99 R6 97 STATE SECURITIES. Com Cable Co Ist g 48.. .2397 Q-J 103^ Aug'99 103)4 103^ Alabama—Class A 4 to 5.1906 J-J 109 107 Oct.*99 107 118 B«gl8tered 2397 Q-J 104 Feb.'98 Small 105 Aug'y^ DeBardel C4I. SeeTCAI. Class B 5s 1906 no 108 Sep.'9>- el 4 H Can. See RR bonds Class C 4s 1906 •100 104 Nov'98 Det M4M Id gr 3^8 S A.1911 A-O 20 23 23 NOT'99 17« 23% Currency funding 48. ..1920 noo rteT4Tcoltrgsf5s...l926 J-J 1ij9 Oct.'99 1C8M 110 Distof Columbia—3-658.1924 117 118 Nov'9f< OrBivCoalA C Istg 68.1919 A-O 95HJan.'»7 Louisiana—New con 4s.. 1914 106 110 Apr'99 10894 110 1 Hack Wat Reor Ist g 5s . 926 J-J Small 109)^ Feb.'9v 109)4 109)4 HendBCo Ist sf g68... 1931 M-S 113 Oct.'99 118 113 Missouri-Fundlng...lS94-95 Hoboken L 4 I g Ss 1910 M-N Nortn Car-Con8Ol4B...1910 •104 108 Apr'9d lbs" ibs" 99" "99' 111 Steel Co deb 58 1910 J -J 99 Jan.'99 Small Non-conv deben 5s... 1913 A-O 70 Apr'97 68 1919 • 27 i'28" Feb. '"9V Steamboat Co 68... 1901 Carolina— 20-40.1933 • iia Iron J-J So 4^8 95** "99" lit'l Paper Co lit con g 6s.' is F-A 101 108 109 109 103M 113M Tenn—New settlem't 3a. 19 13 97 95 Oct.'99 ^•ff4 Clear C & I l8t g 58 1 926 J-D 107 May'97 Small *"d6' 95 Aug'9M 95 96 SdgSs 1926 J-D 80 May'97 Virginia fund debt 2-3i.l991 85 86 861^ Oct.'99 83)4 S^'H Kolok Ice (Cbic) Istg 58.1928 A-O 95 Sale 95 93 95" ioi Registered Mad 8q Gard Istg 5b.. .1919 M-N ds deferred certfa 8m Oot.'99 6 9 Man Bcti H & Lgen g 4s. 1 94 M-N MetT4Tl8tBf g 58.1918 M-N UNLISTED BONDS. Registered 191f M-N Atch Col & Pac 6s tr ctfs.... 60 Oct.'99 60 71 Mat Un Te! Co. See Wn Un Atch J Co 4 West 6s tr ctfs. 63 Apr'HM 63 64 Nat8tarchMfgColstg68'20 M-N 101« 101 1C2 100 104 Metr WSBl(Chlc> '8t4s 1938 95^ Sale 95^ 95^ 78 93 9894 wpt News 84D D 5b. 1990 J-J§ Ore 8h L ctfs dep coll tr B. . 76>» Oct.'9y 74J4 76)4 ' NT&N J Tel gen g 5s cy. '20 M-N St L 1 M 4 So new 30 y 4s (w 1) 80?^ Sale 80 82 i'2a 80 88 N Y 4 OntLand Istg6s.l910 F-A 92« 90 Oct.'9P 90 90 WiscCealst 48 (wi) 9lH ^ale ei« 92H 98 90 9594 *No price Friday; these are latest bid and asked this week, t Due July t Due May. i Due April, y Bonds due January. T Due August. aThuse are option salet. OUTSIDE SECURITIES (Given at foot of 7 consecutive faq-es).—BANKS & MISCELUS, Mlacellaneona. Par, Bid. 4g. Miscellaneous. Par. Bid Ask Miscellaneous. Par. Bid. As Miscellaneous* Par. Bid. Ask. Bliss Company—Com.. 50 1 68)6 6»)4 Madison 8q. Garden— 100 5 8usq Coai 6s IWll J4J 132 Union Switch & Signai.i^U Ti « • • • • 40 Preferred 50 t -2)4 r4 2d 6s 1919 M4N 25 38 Tennessee Copper 14)4 16 Preferred fiO t 61 Bond 4 Mort Guar... 100 295 316 Maine SS 50 t 20 Term Wareh—Stock.. 100 6 10 Union TypewT—Com.lOO 28 SO Oarter-Crume—Pref. .100 67)4 80 Merch 4 Miners' S S.. . . 50 t 60 1st 68 75 1st preferred 100 lis 115 Celluloid Co 100 89 WU: Mich-P Car Ist 5s'42M4S 105 • . . Texas4Paclflo Coal. 100 70 2d preferred 100 115 120 Cent Flrew'rks—Com.lOO 12 IS Minneapolis Brew 1st 78. 105 . • • .. Ist 68 1908 A40 n07)4 U 8 Glass—Common. .100 26)4 27)4 Preferred 100 66 60 Mosler Safe Co 100 100 Title Guar 4 Trust ..100 400 Preferred 100 99 Ohateaugay 0re4 Ir 68 '15 36 50 Mononuahela Water... 25 t 42)4 43 Trenton Pott>—Com..l00 C 8 Projectile Co 100 90 IOC Ohes 4 O Grain Bl—Inc. 10 14 Nut Eoa'tierg & Stamping 30 31)4 Preferred 100 30 55 U.S. Pneum.HorseColi..l t H H 4i. 72 76 Pr-ftrred 89 91 Trow Directory-New. 100 45 55 Wagner Pal. Car- 6Ve 8' k Bzch. Ust. Ohesebrough Mfg Co. 100 340 345 Nat'l Gramophone. ... 100 74 80 Union Steel 4 Chain 30 Westlngh Air Brake. . .5U tvi09 311 Claflin (HB)-l8tpref.l00 101 National Saw—Pref ..100 25 Preferred 70 WiscinCentral 425 ••!. 1 90 Dep L. »••••• Preferred 40 42 NtlesT< olWrk8.com. 100 105' Chase Ninth • -• Am 4 Chatham .... 310 316 North Amer. 200 810 Atlantic Tr . 190 BUectric Vehicle 67 71 Preferred loO 132 126 i Chemical 3900 410J ! Oriental*.... 190 200 Bankers' Tr. 1^26 ••••V Preferred 96 Otis Elevator—Com 89)4 30 ' Citizens' 150 • • • 170 (Xl Rlty 300 310 Bppens 8m 4 Wiem..lOO 76 Preferred 91 94 t Pacific* 185 B4r City i 00 2030 1 Park 494)4 t Central Tr'si. 2100 Baitman Eodak C0...IOO 105 IPO Peck, Stow 4 Wilcox. .25 t 33 Colonial* 240 * * • • • ' Peoples'*.... 223 City Trust... 366 Brie 4 W<.stem Trans. 50 t 37)4 Pegamoid, pref 100 36 — 38H 109 Colonial 395 ••••#• Fidelity 4 Casualty... 100 250 Pennsylvania Coal 50 400 410 Columbia*... 185 Pheniz 206' Commerce... dSO Plaia* 500 Continental . 360 ••••« ridellty 4 Dep (Bait).. 50 t200 Penn. Water—Com..,. 50 t 5 6 Continental 128 Prod Bzch*. t 30 Farm Ln *Tt 1360 1485 German Am Real Est. 100 32 Phil 4 Wil Steamboat. 50 t 66 68 ' Corn Kxph* 306 aepubllc 200 .... Feder'lTiust Goodyear Shoe Machine. x49>4 60 Pittsburg Brewing. . . Bast River.. 130 Riverside*... 210 Fitih Ave Tr 40U Gorham Mfg Co-Com.lOO 98 110 Pneumatic GunCar'ge.10 f«8 •so' •^75 Guaranty Tr 666 • Preferred 100 118 Pratt4 Whitn—Com..l00 8 13 nth Ward*. UO •••••• Seaboard.... * •• 2800 * • 550 lnfl.Bkg4Tr tl63 164 Great Falls Ice 100 170 180 Preferred 100 45 55 Fifth Ave*.. •• Second Fifth iib Seventh 160 Kuick'rb oc'r b75 Havana Commercial 22 26 Procter 4 Gamble. ... 1 00 876 400 .S860 100 vlanhattan.. 300 Preferred 63 65 Preferred 100 190 198 p"ir8t Shoe 4 Le'th 106 14th Street*. 145 166 State* 826 vleroantlle . 800 ..... Heok-Jones-J MiU-PMOO Ist 6s—See Stock Bzch list. i60 Fourth 180 19J State of NY* 128 * • • • Metropolitan 486 lit 6b 1922 M48 R.I. Perkins Uurse aa. 1 00 86 400 130 MortonTrust 400 460 Her'g-Hall-Mar(a8st p'd) e 10 Preferred 100 50 Gallatin 410 13th Ward*. 136 > Qansevoort*. • • • • • « 80 23d Ward*... 100 Y L 1 A Tr 1460 Preferred (asst p'd) 100 18 34 Roy Bak Pow pf 8694 97 Qarfleld 1500 Union. 360 N Y Sec 4 Tr 7i!0 Hoboken L«nd 4 Imp't no Rubber Goods Mfg 3u 30)4 116 .... iOO •Sorth Amer. 189), t 6i 106 Preferred 84 German Am* Union Sq*.... 84>4 236 860 t400 Produce Ex Illtnoli Trans 4 Russell 4Erwln. 25 68 73 German Bz*. West Side*. t rteal Kst Tr't SUO Internatiuutil EleTat.lOO 90 95 Safety Car Ueat Lt.100 160 Qermaula*... 300 1 Western 360 4 165 166 310 StandardTr't 210 International Navlg..lOO 102 105 Schwarzchild4 Sulzb.lOO 89 42 Greenwicn*.. Yorkvllle*.. Hamilton*... 135 •itaie Trust.. 400 Internal. Paper— See St'k Bzch list. Semet-Solvay deb 58 101 BR'KLYN, 103 22W)4 * 736 Bedford* .... 216 t • •• ' Tr.Co.of Am. Bonds—See Stuck Bzch. list. Simmons H'rdw-Com.lOO 180 190 Hanover L'atb 180 Broadway* . 190 300 .^nlon Trust. 1435 * Intemat'l Pump—Com .. 19 Preferred 100 140 145 Hide 4 20H a S Mtg Tr. 535 ••*••• Preferred 69 Singer Mfg Co 100 540 800 Home* 125 140 Brooklyn* ... no 185 4 Trad. 8tb Ward*... • • • 9o IjDit. States.. 1600 Internat Sliver-Se« Stk. Bzch. list. Standard Oil of Imp 4 NJ..100 473 475 104 107 Washington 310 Do do pref. 61 65 Stand Und'rg'dCable.lOO 170 Irving 178)4 5th Ave*.... Leather Mfr 210 First 330 360 BR'KLYN. Do do boudi. ilC3)t 103)4 SlOBH I r4 Steel—gen 4)4s 81 g 78 310 90 100 Brooklyn Tr. 410 Iron Steamboat. 100 4 1st 6s 1W17 K4.A Liberty Ger Amer*.. OH 108 no 775 105 Flatbush 160 Oi 1901 J4J 56 Sloss-Sheffi ld,com.,w.l.) 40 Lincoln •»•••• Hamilton*... '76)4 Manhattan* t261 Kings Co*... 100 Krauklln .... 310 John B Stetson—Com.lOO 100 Piefcrnd , when its.).. 79 220 , 250 360 Hamilton 280 ..«•• Preferred 100 130 SuLSorii.tiOi.8 180 140 Market 4 Fnl Manufact'ra. Mechanics'. 305 210 Mechanics*.. 213 Kings Co.... 346 Jonmeay 4 Bumham.lOO 3 Southern Cuttun Oil. . .60 t 68 Mech 4 Tra* 100)4 % Mech 4 Tra*. 245 266 L lai L, 4 Tr. 263 deferred 100 36 30 St annardOoupler.oom. . . 36 40 1 .. 191 Nassau 280 Vlanulaot'ri. 320 ....» Knickerb'r Ice(ChicHSe« St Bz List. Preferred 113 116 Mercantile Kxoh. 116 Nat City 280 ..... Nassau 1R8 ....•* Lawyers' Surety 100 103 107 Stat Isi U T Ist 6i'13A40 107 Merch 174 North Side*.. « « • 170 People's... 338 . -.tt Lawyers' Title Ins. ... 100 148 156 2d 58 1926 J4J 96 Merchants'. 416 People's*.... 190 !«• WllUamsb'gb 96 210 Liberty Silk MUls 100 110 Stillw-Bierca 4 8m-V.100 86 Metropolis*. 1 Preferred 100 Swift 4 Co 100 103 102)4 * Banks marked with an asterisk (*) are State banks, i Purchaser alBO pays Lortliard (P)—Pref... 100 115)4 lit 6s ne 1108 109 accrued Int. t Price per share. * dale at Stook Bzch. or at auction this wsek. . , November 11, 1899.1 THE CHRONICLE. 1003 Boston, Philadelohia and Baltinnore Stock Exchanges— A Daily and Yearly Record. ^hare Prices— IVot Per €eatam Price*. Sales ACTIVE STOCKS. Of the Bange of Sales in 1899. Ba-iurday, Monday, Tuesday, Wediiesday Thursday, Friday, Week. H Indicates unlisted. Xov 4. Nov. 6. Nov. 7. Nov 8 Nov. 9. Nov. 10. Shares Lowest. Higheti. Railroad Stocka. 250 251 250J^ 250« 251 252 253 2S6 256 256 Boston 4 Albany (Boston). ...100 383 245 Mar. 280 June 37 107 107 107 107 107 107 107 107 107 107 Boston Blevated " 100 2l>t 80% Jan. 1 1 «% May 1 •845 845 245 245 249 345 250 315 245 Boston & Lowell " ....100 21 227 Jan. 350 Nov. 9 805 205" 204 205 204 206 305 205 205 205 Boston & Maine " ....100 116 170 Jan. no Ojt. 87 138H 183^ 132H 133 132%133« 13:% 133 130% 131% Chic. Burl. & Qulncy " ....100 4,737 124% Jan. 149% Feb. 18 •U3M 145 143 143 •143 144 143)6 14^H 113 142% Chic. Juno. & Un. Stock Yds. " ....100 312 139% Jan. 154% May 18 • 128 128 12s 128 128 la8 12S 12^ 128 Preferred " ....100 33 124 Jan. 138 Aue. 6 •88« 39 38U. 3H<,4 38 38 38 33 38 38 Choctaw Oklahoma AOulf.. (Phlia-K... 50 351 29% Jan. 43% Aug. 35 45?< 654 45 45M 45 4594 45 45 Preferred " .... 50 358 43% Jan. 49 July 6 120 12U 120 120 12UH 120 L20 120 120 Fitchburg, pref (Boston)..., 100 7« 107 Jan. 123 Sept. 30 87 27 im "ii' •369i 27 26 26% 25)< 28 Lehigh Valley (Phila.) .... 50 3,979 23)i June 30 Mar. 9 •13« 11 •13)4 14 M3M 14 12« 13 13^ 12% Mexican Central ( Boston) .... 1 00 800 5% Jan. 17% Apr. 37 •«2 tf2 •92)6 94 Northern Central (Bait.) .... 50 90 Jan. 95 Feb. 8 54^ 54^ 535i 5iH 54H 55 54% 55% 53M 53% Northern Pacillo (Phlla.) ....100 I.IUO 425i Jan. 57% Aug. 84 •76 76H •76H 76H •76 76M •74% ToH •71)4 74% Preferred. " ....100 74 Oct. 81% Jan. 86 •807 ... 207 208 209^20i<^ •208 •••• '305 Old Colony (Boston)..., 100 34 198 Jan. 312 May 17 65« 65« 65 65i4 65 65!^ 65 65M 64% 65 Pennsylvania (Phlla.).... 50 1,989 61 Jan. 70 Jan. 83 96 96 95% 95?« 95% 95% 95% 95% 9SH 95% Philadelphia Traction " .... 50 722 94% Jan. 100% June 30 10« 10?* 10^ 10% 10 11-16 10 3-lb 1U% 10% 10 5-I0 Reading Company " .... 50 5,511 9% May 13 12% Jan. 24 80>^ 30 9-16 29M 30»4 SO t-ie 5-16 a 39 29 7-16 Ist preferred " .... 50 9,3i7 25 13-16Jan. 34 Mar. 83 ie« 16^ 16'< IdH 16 3-16 16 16 15% 15% 2d preferred " .... 50 892 13 7-16Jan. 18% Mar. 23 479i 47H 47 47 47% 48H 47% 47% 48% 47% Union Paclflo (Boston) .... 100 2,18 38% Junes') 50% Feb. 31 77 77H ^m 76% 77»* 76 77 75% 78 Preferred " ....100 976 72% June 1 84 Jan. 33 sen HSH 3SH 38% S8H 38H 38% 39% 38% 38% Union Traction (Phlla.).... 50 11,011 31% Jan. 7 44% Apr. 26 17!tt 17H 18 18 17H 179* 17% 17% United Rv A Elec. Co.(w. 1.) (Bait.) 7J5 16% May 17 33% Feb. 81 38 3P •37% 38 Preferred (when Issued).. " 3 36% May 1p 45 Feb. 81 r »3 B3« 93H 92M 93« "92X 93>< 93 93 93 West Bnd Street (Boston) . 50 457 90 Jan. 3 96 July 11 o >>Ilscellaneou8 Stocks. 88i< 38« 37 38 35 39^ •36 39 •38 39 Amer. Agrical. Chemical.... (Boston) .100 1,341 23 July 28 45 Oct. 11 19ii 79H 78% 79 o 79 79% 79 79H 79% 79% Preferred " .100 833 77 Sept. 26 81 8 pt. 11 as 3% 3% 3% 3% 3 3X American Alkali (Phlla.) . 50 1,335 2% July 28 4% Aug. 35 '' IM J9« Preferred 10 paid 100 l%July 11 3% Aug. 31 370 371 368 370 367 369 364 368 358 361 American Bell Telephone... (Boston) ...luo 573 273 Jan. 8 386 OoL 5 6M 5^ 6>4 5 5i4 4^ 5 4% *H American Railways (Phila.) 6 paid 7,171 4% Nov. 9 14% Apr. 21 155« 167»t 158% 15S« 159% 154 156H 151% 153% American Sugar ReQning 1 . (Boston) ....100 43,333 133% Jan. 4 186 4ar. 80 118 118>< 117^ 117H 117H 118)4 •117« 118s« 118 110% PreferredT ...100 113 110% Jan. 16 122 Mar. 80 16H 16,> 14% 15H 13% 14% 13% 14 Asphalt Co of America (Phlla.) 6 paid 19,484 12% Nov 10 19% Sept. 5 383 321 32 a 323 320 322 330 330 320 320 Boston & Montana ( Boston) ... 25 148 262 Jan. 398 Apr. 85 69 69 67 70 67 68 •65 70 65 66 Butte 4 Boston " ... 25 350 60 Seot.15 108 Apr. 88 •765 775 770 770 770 770 765 765 765 765 Calumet A Hecla " ... 25 38 635 Jan 895 Feb. 21 81 81^ 20H 21M 21 21% 20% 21 20% 20% Cambria Steel ($1-50 paid) (Phlla.) 13,488 1 1% Jan. 36% Sept. 85 •61 03 •81% 63 «t« 62 62^ Consolidated aas (Bait.) ....100 836 "4*9" 31% 60 May 71% Mar. 18 "49)4 48 48 48 48H 46% 46)4 46% 16^ Dominion Coal (Boston).... 100 965 33 Jan. 63 Apr. S •116 117 115H 114 115)« 114 111 109 112 Erie Telephone " ....100 338 78% Jan. 180 Oct. 87 68 58 S'lU 68% 57 59% 66% 58M 55% 57 Federal Steel " ....100 7,331 46% Feb. 74% Apr. 8 34Ji 35 35 35 •35 •23 23% Lam son Store SerTloe " .... 35 13^ 23% Jan. 45 May 83_. xl4 41 14 •44 Lehigh Coal 4 >favigatlon... (Phlla.) ... 50 13 39% Jan. 45% Mar. 30 81 81 8m 21M 91% 81 81 21 81 Massachusetts Eleotilc Cos. (Boston). ...100 600 20 Oct. 28% July 35 •79H 81 80J< 80?< 80 80% 80 80% 79 79 Preferred 100 364 75 Am. 83'4 Aug. SO National Electee (Phila )18%pald 9% Oct. 15% May 81 •108M 104 104 104 104 104 103% 104 New Bug Jotton Yarn, pref.(B'>8ton).,,, lOO 505 101% July 11 107 Ju'y 14 •161 158 '151 163 151 153 •151 153 •151 153 New England Telephone •• ....100 133 Jan. 4 156 Sept. 5 80« 30« 30 30^ 80K 38 30 30% 29 29% Old Dominion Copper T " .... 25 8)240 35% Oct. 53% Apr. 85 Pa. Mfg. Light 4 PowerT... (Phlla.).... 50 21% May 33% Apr. 6 161T«16» 100% 161% 159 160 168 159 United Gas Improvement 1.. " .... 50 491 127)4 Jan. 175 Apr. 6 45 46 40H 44 41 44 41« 48% 10« 41% United States OU (Boston).... 26 14,688 36 Jan. 55 Mar. 30 49 49 •47 43 Welsbach Light 1 (PhUa.) .... 6 84 36% Feb. 60% Apr. 8 •46 ..., 46 46 46 46 •43 46 •46 Westingh. Blectrlo 4 Mfg. . . (Boston) .... 50 600 39 Jan. 52% June 18 fl6i< ee% 66% 66% 66)6 88h •d6 Preferred " ....50 65 56 May 70 Aug. 88 '"•Bid and aake(lpnoe^ no sale was made. a 89 7- '6 30 1-16 Bid. Aah Bid. Ask. Bid. Ask. Bid. Ask I ^ACTIVE STOCKS STOCKS BONDS BONDS BONDS BAILROADS.—Ppic«« Nov. 10. MISCELL.—Concluded. Boaton—Concluded. Baltimore—Conclu'd. 68.'99 Atl & Charlotte(Balt) 100 122 182% Nat Tvpewriter(Phll) 25 New Bng Tele A40 noo West N C con 68. 1 9 1 1 J4J 116 I • t« * Bos & Maine pf.(Bost) IOC 176 New Hav I 4 ST " 5 5% 68 1907 A40 { We8tVaC4Plst6g.'l 1J4J lis Hi Boston 4 Prov. " 100 803 <)o AmO Dredg(Bost) 10 16 16 N Y4NEngl8t7s.'05J4J ni6 WU 4 Weld 58.. 1935 J4J 116 Ontral Mass... " 100 16 17 Old Ool Mining. " 36 6 l«t mort 68.. ..1905 J4J an i'l's" Pref " 100 eo 66 Osceola Mining. " 25 83 84 Ogd 4 L C con 68.'20 A40 Bonds— Philadelphia " 100 82 25 Palmetto Co. . . (PhU) 25 1% Income 68 1920 AlleVyE<'xt7sl910A4O 139 130 CWoiWMlch. . 43" OonnAPassnm " 100 Parrott 8il4Cop(Bost) 10 42 Rutland 1st 68.. '02 M4N no6 107 Asphalt Co 5s tr ctfs. . 89% Conn B«'"^r..., " 100 Penn Elec Veh.( PhU) 50 Torrington 1st 5s 1918. Atl City Ut5sg..'19 M4N - ••••« ConflOlTTPltt8lI(Phll) 61 29 Pref " 50 West Bnd St 5s. .'02 M4N 5103% 104% Balls Ter Ist Ss. 19 Oen Bl Is, 1997 • • Anto-MT(PhU) 50 Income 58 52 55 la 97% 98 Read Co gen J4.) • fl 6reger Mfg.... " 10 *H K C4 M Ry4B 58.'29 A40 {105 VlrgMld Ist 6s. 1908 M4S 107 Rochester Ry con 59.1930 107 108 Ina-Bgyp ComT(Bost)100 18 80 K C 8t Jo 4 C B 78.'07 J4J {1 9 2d series 6b.. 1911 M4S 117 8chRE8ldel8t58 g'33J4D 111^ 118 IntBatH4BM " 10 S LRook4Fa l8t7e.'06J4 no7 110 3d series 88.. 1918 M48 lie Scran Trac I 8t 6» '33M&N Isle aoyalet.... " 85 38 34 L B48tL l8tf ]no4 THE CHR0IV1(U.K [Vol. LXIX. ABSTRACT MfH-On. UtSP ttt&Tsi OF TME NATIOxAL B<%.IVK!$ xTEAUK TO THE CO.VP 4 ROIjL.£:K SGPT. 7, 1899» Deposits. 1 ^5 Loans ( niaine 85!$10,971,00() $^,737,370 $20,406,717 $3.=i2.69C $22,708,838 ?1, 137,836 $10,68( $141,415 $181,218 S436.675 5,450.00() 494,600 i N.HaiupsMre 52 1.34S.03- 11,471,07 11.747.557 506,48< 5,2=.C. 101.02' 128.730 320,991 ' ) 10,96'^.789 370,74.'= M Vermont 49 6.860,00( 1,478.650 12.155.66J 53^,016; 23.830 86,20] 70,069 249,095 4]] 39, 600,00c 14,409.200: 147,376,689 3.819.476 192.230.849 13,006,40.n 2i.i,01^ jf Boston 2,888.980 2.185 4 6.74 6 847 Masp., other . 2C£1 41 327.S0() 14.820.631 100.847,498 2,032,508 114.103,024 3,740,527 226,280» 620,388 917.804 2,703,423 r>i 4.489,48'. 24.249,74" 35.17.'i.256 * Khode Island 17,740,20( I 103,818 783,996 104.98C 138,13- 251,469 799.954 Connecticut.. 7i» 20,722,07()| 7,99l,22£ 43,676,420 1,316,1 OC 47.189,558 1,989,640 364,250 227.819 6->9,320 1.026.568 ij .568 [ Total Div.NoJ 142,670,7;() 47.2-4.59' 358.993,832 8,489.837 435,310.746 21,703,900 3,624,25* 1,5,')7,028 4,378,-H) 12,283.563 47,70ti,00( 27,OvJX.114 f New York Cltj 44! 43.471,000 451,22 l,t>64 542.261,694 122538596 12,295,380 7o7,5b8 5,l4ti,^bo 36,902,079 i Brooklyn 5 1,352.00C 1.900,000 16,285.355 200.198 12.038,618 416,051 191,830 1 99,5Pe 62«,405 742.626 2 Albany * 1,550,00C 1.372.000| 7,538,591 253.015 11,008,973 505.08S 33l,7.'iC 49,91!- 45..^00 633.395 t ' 1 1 N. York, othei 272 3l.l81.07f 10.881,898 110,413.716 1,896 858 97,689,473 1 3,859.31c 490,920 760,144 810,653 3.336,111 2 New Jersey.. loe 14,696.22£ 8.490.751 71,148.644 1,029,783 60,292,935 1.817.226 416,176 437.535 1,^^04,33.=; 2.904,811 g PHlladelphla. 37 19.555,0OC 14,920.00( 124,497,639 3.185,731 123.083,560 11.793,061 363,100 536,631 3,980,923 6.981,159 J Pitts bmg — 3{ 12,050,001 9.202.000 61,731,251 1,035651 63.144.92b 4.070,491 962,086 304.877 1,331.285 3,207.036 •8 Penna., other 369 41,314,2 C 22,787.727 162,395,115 2,719,300 126,283,750 6,.571,019 466,490 1,115.748 l,868,P21 4,768,054 [ Total Dlv.No.i 8 a 169.398.52,'5 113,025,375 1,005,231,975 37,318,680 1,035,803,9.9 151570840 15,517,720 4,0l2,Oi7 150U>488 59,475,271 f Delaware it- 2,133,985 956.005 5,ti29,247 49.924 5,832.497 132 334 16.370 73,074 175,943 1.^.3,805 33,H51,989 ' 1 Baltimore . . . 21 11,888.260 4.697,275 2,671.021 40.262,488 1,543.779 1,012,560 128,43i 96^.335 2,218,918 ^ Maryland, oth 48 3.806,700 1,784,150 12,720,8-4 252,500 11.874,492 454,013 18.290 95.289 177.291 419,467 2 Washington . 11 2,775,001 1,32", 000 18,266,336 487,930 10,825.29.^ 159,982 1,388.790 27,741 690,389 1,089,224 2 Dlst. Col., oth J 252.00( 150.00( 1,38 6.868 927,231 136.518 42,000 7,68b 48,184 50,847 g Virginia 36 4.591.00( 2.028,800 18,786,009 1,980.547 17,792.487 731,908 11,170 167,942 228,053 762,144 34 3.551,00( 980.085 12,172.401 482,610 10,373,374 59 I Total DlvNo.i 171 28,997,94f 11,916,315 103.113,7 24 5,924,532 97,887.862 3,7.^0,728 2,537.480 587,416 2,442.48.T 5,169,843 f North Carolina 2t 3,001.000 834.463 7,096.806 324.11t 8.053.369 ' 410,999 l.OOO 120.6o7 92,300 2Wo,ii7 Bouth Caroltna 1« 1,923,000 755,046 5,083,707 266,593 5,866,525 20:^,776 15,240 155,281 59,781 211,840 Savannah 2 750,000 225.000 858, 2( 8 128,38i 1,4H7,331 14.500 7,500 25,100 39,000 41.610 Georgia, oth.. 2f 3,006.000 1.074.670 7.812,568 395,77>- 8,861,826 373.352 9,220 179,299 112,643 440,730 142,h88 Florida 15 1,150.001 i 524,800 5,773,684 267,107 3,679.917 203,776 46,805 305.891 d Alabama .... 26 3,105,000 63b,01J 9,5.'i9.423 194,500 7,451.604 357.10.5 42,240 180,07. 84,141 497,031 J Mississippi... 12 955,000 422,625 2,725.392 2,986,323 77,002 77,673 10,150 174,797 Orleans. 7 2,300,00( 2,535,001 15,388,242 293,238 13.433.>-06 592.672 207,860 110,799 496,465 fl New 682.16T M Louisiana, oth lb 960,00( 399,700 3.007.144 3,747,682 54,203 I2,2i0 83,712 79,be9 118,422 Houston 6 1,1CO.OOO I 585,000' 3,593,33- 2,830,420 344,023 150,751 71,96t. 243,4o 8 665,160 2 Texas, other.. 1941 17.980,000 1 4.6^0,75fcl 40.672,783 691.036 50,413.148 1,864.491 77,430 906,198 551,869 2.207,727 Arkansas 7 1,070,00C 280,000 2,678.901- 60,102 2.604,861 102.415 6,740 50,595 75,641 156.262 Louisville .. . i 3.200,000 632,500 7,853.562 2,017.374 8.847,55.- 908,5^0 5,000 64.9o8 58,369 891,653 Kentucky, oth 6' 8,125,900 2,l48,04t 17,224,872 1,48)5.089 17,58^,480 906.02- 23.680 135,501 108,762 418,647 Tennessee 47 7,360,000 1,769.540 21,090,658 362.666 21,9.'^5,9U4 902,110 77,590 298,815 254,0 '5 895,477 1 i Total Div.No.4 473 55,985,900 17,513,159 150,419,296 6,465,982 159,807.757 7,3-/ 1,007 636,470 2,603.3 lO 2,31d,lU4 8.003.531 f Cincinnati.. 13 7,700,00( 2,675,000 27.445,618 2,714,770 26.5^9.611 926.492 701.200 88,64;: 373,99^ 2.007,890 1 Cleveland ... 14 9.900.00( 2,560,000 29,237,646 162.159 39,191.080 1,905,390 261,180 183,814 180,675 1,720,345 i Ohio, other .. 228 27,525.100 8.015,262 87,430,963 1,338,819 77.459.512 3,745,057 207,710 672,67fc 516,870 3.894.543 V Indianapolis. 4 2,100,000 945,000 11,584,318 1,811.758 7,858,523 1,612,555 310,000 76,749 62,986 641,000 ^ Indiana 111 12,187,630 3,617,204 42,482.088 654.U77 30,728,003 2,600,615 135.580 377,395 336,963 1,354.936 Chicago 16 18,450.000 9,369,900 101.564,877 912.718 130,386,031 14,241,217 9,396,300 497,b45 1,792,758 13,2;-9,34& * Illinois, other 201 17,261,000 6,63a,0l-/ 66,741,376 1,193.877 58,136,476 3.063.467 339.690 547,546 412,854 1,797,969^ M Detroit 6 3.300,000 607,000 14.227,019 679.771 15,095,028 1,327,127 138,490 165,654 134.863 692.189 5 Michlg'n.othe) 74 8,230,00C 2,546,388 36,538,324 682,500 31.658,067 1,771,608 33,200 236,Ou7 201,046 955,317 ^ Milwaukee... 4 2.950,000 582,t00 24,382,217 669,772 21.104.09" 2,230,340 170,000 108,816 144,946 1,035.452^^ • Wisconsin,oth 74 6.710.001 l,722.4t 5 33.892,350 541,010 26.411,351 1,495.165 3O,770 207,343 189,380 692,851 [ Total Dlv.No.f 745 116,313,730 39,308,266 47 5,526,79to 11.361.231 464,577,786 34,919,033 11,724,120 3,162,1-9 4,347,339 28,631,838 f Des Moines.. 4 800,000 210,000 2,291,444 286,500 4,576,618 148,740 12,530 32,615 41,800 309,720 1 Iowa, other... 168 12.5OO,00< 2,825.7 99 39,5^47,326 724,452 40,038,969 1,780,297 184,590 318,59. 333,012 1,202,339 8t. Paul 5 3.800.COO 561,000 12,820.912 511,246 10,484,701 1,914,994 60,000 93,61j 190,612 453,143 Minneapolis.. 6 4,000.000 569,500 11,6.39.221 236,831 13,477.660i 781,250 107,000 123,551 21,000 895,312 4,490,000 947.800 21,195,850 16,744,3841 926,257 22,840 140,fc34 1 Minnesota, oth 58 70,497 86,542 345,180 St. Louis 6 11,400,000 2,5o7,50t 37.888,3121 1,403,38V 51,7. 0.392' 2.09&,849 5,055.970 72,381 851,935 3,928,150 h Kansas City.. 6 2,300,000 642,500 17.363.401 704,048 24,025.787 1,390,975 75,120 98,97i 1.061,146 655,335 2 St. Joseph 2 350,00t 108.500 2,3!<7,410 97,491 2,813,759 133,778 16,690 35,489 147,279 170,505 Missouri, oth'i 5i 3.565.00( 765,488 11,220,985 9,139,247 369,t.5fe 10,430 101,401 91,375 347,185 • Kansas 98 8,092, 10( 1.402.038 24,306,275 437,021 22,641,401 I,ll8,7d4 30,670 238,149 150,402 849,355 9 Omahi h 3.750,000 362,500 10,85S,310 832,168 12,482,287 689,488 89,400 149,854 323,610 1,096,791 Lincoln 3 350,00( 22,000 1,570,565 57,000 1,297,451 43,v^20 > * aa •» 16,655 51,267 1 Nebraska, oth. U» 5.590.000 1.092.578 16,949.904 15,275,759 744,496 1,320 125,408 59,449 362.904 North Dakota. 23 l,45o,00(j 197.000 5,057.210 4,956,308 198,870 17,360 31,90b 8,244 150,84a j Bouth Dakota 2S l,4t)O,OO0 270,379 5,281,569 199,888 3,835,200 332,535 2,730 49,5b6 19,617 183,503 1 . Total Dlv.No.fc 55t ti3,b97,lOC [12,484,582 220,788,694 5.560,024 233,559.982 I2,6b9,241 5,686,650 1,629,085 3,3a6,02d 11,001,534 ( Nevada 1 82.00C 2,501 425,251 311,707 15.165 4,728 836 !t Ban Francisco 4 6,000,000 2,350.000 17,114,461 364,460 16,737,670 4.903,755 1,515,000 77,177 43,770 45,977 ft r)allfomla,oth 81 4,825,00C 1,063,716 16,023,82b 155,654 12.486.249 1,907,385 18,900 177.976 47,633 80,997 5 Portland 4 1,100,000 186.000 5,287,043 452,41£ 2,836,71/ 1,007,790 28,44o 18,916 31,756 6,494.< « ureguu , other. 24 1,320,000 291,088 87 * 3,709.622 674,115 • • - -• 82,557 2i,216 26,072 Ii Washington.. 31 3,360,000 503,918 18,702.973 577,454 9.8.'! 6.769 2,544,405 14.740 138,181 89,905 140,443 [ Total Div.No.-; 9t 16,687,000 4,397,222 64,047,644 1,549,987 45,938,729 11.052,615 1,548,640 509,062 222,440 326,081 f Arizona 5 400.000 72,410 2,072,901 1,307,318 198.540 14,9o7 68,496 Mexico.. 6 600.000 133,500 3,259,531 192,550 2,057,726 139,075 2,000 31,968 4,000 1 New 87,147 ^ Colorado.- . 3t 4.147,000 976,536 40,295,453 1,057,191 21,577.937 4.350,653 94,160 167,524 155,863 1,889,769 174.420 75.712.' J Idaho 9 550.00C 196,000 3,512.262 75,612 1,184.254 540 17.84c 27,690 381,OuO 12,520,50t 859,114 77,572 J Montana . ... 21 2,305,00( 270,316 8,377.710 16,500( 66,584 554.796 » Oklahoma S 400,000 3d,o00 1,438,102 1.036.000 42,030 27,277 22,963 52,948 • Indian ier 15 860,000 224,707 1,892,470 2.363,203 82,398 506 30.271 17,891 60,230 M Utaii 11 1,650,00( 393,918 4,381,730 564,373 2,788,536 1,177,852 100 51,038 62,619 33,360 Wyoming .... 11 860,000 118,150 3,092,836 2,359,576 192,826 21,502 991 50.032 Alaska 1 50.000 137,843 19,466 43,507 19,180 257 15 490 1 < (. Total Div.No.i^ 123 11,822,000 2,529,721 72,603,634 2,179,506 43,0Vt6.3b7 7,236,08t 113,800 440, 59 358,616 2,863,000 4.'^0.725..'^9.'=' T Dtal ror IT. 8 .J,596 605.772.970 248,449.23=. 2 78,880,281 2,.'S15.9>-3.158 250223452 tl,3s9,l30 14,&0U,297 3-458505 127754b51 ^ •2 2 totals for 1 2i c 1 1* Oitieg. Rbservk e 1 1 |l Cities. &c. 2 8- 1 3 Beterve i 1 Total J r 1 1 1^ |P in Millions. 1 as 1 2; 1 3 5 .1 05 03 1-5 3-8 9-1' 4-6 3-8 ( Loans I9ti 34'2 .'30 l-.*3 03 40 10 8 13-1 80 36-6 392 130 151 311 34 33 36 8 138 16-7 1.401 1.113 •2.51fr 3-7 •3 3-5 •3 6-6 4-0 4-i 3 •9 4-9 4-2 3-3 42 1 B'd8,8t'k8,&C 19 109 4t 31 14i 10 191 39 13 3 10 48 381 389 668 Daefr.bankF 31 3-.^ 9f 39 19 10 «C •3 37 1-3 5-8 14-2 110 80 49 00 82 1-8 116 14 13: 88 05 1-8 .«3h 36V 686 •2 o Specie 1» 141 •^i 19 9 4 3 3 •1 1-4 8 10 31 3 5 31 36 18 3 7 3-3 8 30 1-3 65 l-l 354 83 339 1-4 •7 7 9 3-6 1-7 •6 •7 1-0 •3 •8 ...... 3 Notes & ctfs. 6 39 9 3 3 11 . . 13 18 4 11 89 41 13»^ ...... •1 •1 •1 •t •1 3 •8 •3 * Nat.bk notes 1 1 •i . • .•.. 3 •I •a 1 1 9 13 30 « Crr'gH.excb 11 103 10 1!2 3 3 •2 ... •8 •1 •2 •5 •2 9 •i •4 •1 11 1 11 •7 6 ... 148 7 133 '? Oth.res'ces.. 3 '^1 13 6 3 3 If •1 1-0 •3 •8 11 •8 •3 3 •2 •3 1-4 1 •7 1-7 •e •5 59 81 138 £-3 34-6 6-3 34-1 34!^ I Totals 303 986 '233 9J 3i^ 66-4 5^7 33-7 341 39i 39^ 8^ 498 91 307 31^ 104 2,361 3.089 4.630 3-8 7 3-3 9-7 3-1 3-1* •8 9-8 4-1 6-0 r apital 40 4»> t2t 30 12 13 11 33 99 18 3? 11 3 7 11 'ZZU 381 606 •2 6 •9 •6 2 *7 4 3-3 -2 i JttTDlus funo 14 43 38 13 « 3 I- 3S •ft •ri 3-fl 9 t 11 3 119 13» 348 '4 •1 •3 •1 •1 8 •2 •2 8 •1 ® Undl. proflU 3 21 3 3 1 •i 1-3 3 3 a 2 6 •e 46 36 1 03 •1 •2 •2 •3 1-0 9 1 •6 « ClronlatlOD., « 13 i> «i 4 3 7 1 16 4-1 l-l 1 11 3 •e 3 33 148 300 2 Dnetodep'ff 131 4»8- a4-8 138 63 3f I8-& l-o 13-7 3-6 99 30 2 39-4 13i 103 l4-b i5l •2-6 33-2 39 30-6 133 195 57 1.369 1.360 2.-^39 •7 •2 3-6 •7 8-<5 4 14-» «v- 8-8 9-8 4-2 33-3 3-2 cs One to Dank> 8« 369 92 03 31 13 19 109 131 33 13? 97 839 100 939 •5 •1 1 •1 •1 •8 •1 •1 5 Older . nbe. 3 14 ...... 10 VO 1 .... 1 34 13 36 •2-3 I Totals 303 »S^ *l-t 3.13 11-.* 91 t*'. *4 6 «3 34 1 ««-4 597 •.fS-7 341 tm .19 -0 82 49-8 9t 30 7 31-7 3tl 10-41 3.301 2.089 4.650 I . . . ' 1 1 ... —... November 11, 1899.] THE CHRONICLK 1005 Latest Qrott Samingi. Jan. 1 to Late$ "Ut. ROAJ>8. Inxrjestmjcnt WeeltorMo 1»»9. 1898. 1899. 1898. AND S e « S Kan. C.N. W.... October . . 35,484 29,988 280,776 279.579 Kan. City A Cm. 4th wk Oct 4,978 9,135 199,103 206.376 K. C. Pitta. AG. 4th wkMay 96,33.' 81,636 1,498,659 1,304,218 Kan.C.Sub.Belt October ... 48,000 50,550 44:-!. 221 433,862 L.Erie & West 4th wk Oct 122.106 9fi,771 3.169 697 2,880,0^8 LehlsrhA Hud.. October ... 40,943 39.548 397,671 316,309 RAILROAD EARNINGS. Lehigh Val. RR. September 2,119 390 1,979,51 15,467.468 13,885,792 following table shows cut gross earnings of every Leh. V.Coal Co. September 1.759,776 1,607,311 12,704,507 10,8f 8,815 The Lex'gtonAEast. 24,010 28,264 186,6H1 176,915 or monthly returns September IT SAM railroad from which regular weekly LonglslandRR. October... 3-0,0^4 395.451 3,882,-72 3,959,679 first two oolunans of figures give the 51>' Ml be obtained. The Long Is. System. October . 391,688 407,127 4,182 4,V22,624 gross earnings for the latest week or month, and the last two Los Ang. Term.. October ... 8.862 6,820 100,730 76,^23 Loul8.Ev.&St.L. 4 th wk Oct 56,219 48,116 1,470857 1,289,154 earnings for the period from January 1 to and tolumns the Lon.H.&8t.L.. 4th wk Oct 19,632 14.757 41-9.201 403,948 Including suoh latest week or month. Loulsv.&Naahv. 4th wk Oct 790,810 691,456 21,140,571 18,661.093 Tke returns of the street railways are brought together sep- Macon ABirm.. October ... 7,423 7,660 53,936 47,856 Manlstlque October ... 6,542 4,214 70.833 89.958 a^/^telv on a subsequent page. tMexloanCent.. 4th wk Oct 475,847 440,685 12,577,409 10,973,138 Latest Qrott Samingt. Jan. 1 to Latest Date. tMex.Cuern AP. July 25,000 2';3.671 BOA.D8. Mexican Inter*!. September 357,011 271,379 3,413,647 2,4*8*6.*854 WukorMo 1899. 1898. 1899. 1898. tMex. National 4 th wk Oct 200 81?' 179,489 5,793 458 5,087.937 Mex. Northern. August 56.912 55.85(' 543.8S5 389.525 9 S S $ tMexloan R'way Wk Oct.21 90,60,241 35,703 Ala. Gt. Soutli. . 4th wk Oct; 67,205 51,344 1,604,647 ,Tu]y . 534,434 560,549 Mlnneap. Buffalo & Susq. . September 83,820 83,538 566,885 463,937 Pao. Coast Co.. September 47 7,240 406,420 3,781.951 4,012,250 Paoltio Mall 3,072,P6l Bur.C. Bap.A N. , 4th wk Oct 176.045 145,551' 4,098.074 3.711,340 August 350,684 444.408 2.461,779 OanadlanPaclflcUth wk Oct 1,008,00 851.000, 23,280,S11 20 943 362 Pennsylvanlai. St-piember 6,644,439 5,790,139 52.461,506 48.<- 38.806 Oent-of Georgia |4thwkOct 19 5,719 207,830 4,636,861 4,4;S8,806 PeonaDecfeEv 4th wk Oct 24,468 22,723 724,012 675,267 Central N. E... September 67,853 55.462' 529.290 465.400 PhUa. & Erie... August 498.585 461,485 3.1^9523 2.714,223 Central of ii(. J.. September 1.334,293 1.155,850 10,867.646 9,084,378 Phlla.&Read... September 2,244.774 l,990,t-01 17.529.428 15,688,885 Central Paoltio August 1.910.167 1,456,023 11,359.045 10,164.358 Coal A It. Co September 2,757,161 1,932,655 19,184,745 14,475,107 Oharleat'n&Bav August 36.619 37.562, 476,518 i 473.410 Tot. both Go's September 5,001.935 3,923.256 36,714,173 30,163,f92 Phil. 7.735.3 OhlcBor. &Q.. September 4.652.258 3,929,553 32,933,430 30.922.097 Pitte.Llsb.&Wn October . . 4.671 4,570 ?9,139 38,259 Chlo.& East. 111. 4th wk Oct 128,545 106,531 3,9ti5,71f= 3.510,695 Pltte.Be8.AL.E. IstwkNov. 41,251 31.918 1,552,308 1,137,809 Ohio. Gt. West'r 4Th wk Oct 190.575 173,424 5,268,072 4.607,306 Pitta. AWes'n.. 4th wk Oct 55 843 50.141 1,622,046 l,4-'4,83l Ohio. Ind, & L.. 4th wk Oct 108.462 96,079 3.156,5^S 2,770,657 Pitts. Cl.&Toi 4th wk Oct 31,274 28,271 851,' 9 894,129 ChlcMlL&St.P IstwkNov. 968,791 848.981! 33,917,333 29,933.931 Pitts. Pa. A F. 4th wk Oct 11.665 11,113 355,084 326,056 Ohlo.&N'thw'n. September 4,177.483 3,598,274 30,1-0.545 26.826,567 Total 8vst«m 4th wk Oct 98.782 89,52.' 2.834.789 2,710,247 01ilo.Peo.ASt.L. Ooiober 92,756 79.719 768,604 701,593 Rloh.Fr'ksb&p September 73,003 61,516 698.063 642,615 Ohlo.R'kI.&P. September 2.419,468 2.05 H ,4 06 16.375.K62 15,590,7S7 Bio Grande Jot. AugUf^t. .. 45.371 32.227 263 104 242,837 01»la8t.P.M.&O. September 1,098,984 1,061,640 7,549.79 6,380,111 RloGrande So'o 4th wk Oct 17,256 14.192 403.242 386.507 Ohio.Ter.Tr.RR. 4th wk Oct 32,273 29,293, 1,035,289 9 1,69^ RloGr'de Weet. 4 th wk Oct 174,300 129,500 3.133 809 2,743,609 Ohio. & W. Mloh. 4th wk Oct 57,501 6(>,904l 1,860,549 1,618,300 Sag. Tuso. A H. September 13,361 16,751 106.323 99.138 Ohoo.Ok.&Gulf. October *135,000 *123,000 *1,458,006 » 1,255.643 St.Jos.&Gr.L.. IstwkNov. 25.740 25,796 1,17.«.,03C 1,038.503 Oto.G.APorte'th August. 7.473 5,912 44,757 38,975 St. L. Chi. A St. p. October ... 34.934 32.689 298,024 282,015 St.L.Ken'etA So ObuN.O.dtX. P. September' 443,812 449,019 3,490,166 3,455,146 Octo er... 11 900 9,372 78,427 58.166 01ii.Porte.&Vlr. October... 34.729 27,582 270,113 235.397 8t.L.ASanFran. 4 th wk Oct 232 033 228,338 6.233,174 5,6^0,148 01.01Ji.Ch.&8t.i. 4th wk Oct 516.277 407,759 12,600,247 12,0f-0,499 St. L. Southwest. 4th wk Oct 196,300 211,200 4.629.396 4,379,397 Peo.A Eaet'n. October 209.939 173,870 1,674,240 1,560,350 StPaul&Dul.. October ... 22>",225 192,201 l,573,9oO 1,350,409 OL Lor. &Wheel 4th wk Oct 55,014 41.031 San. Ant. & A. P September 265,992 303.699 OoL Midland.... October... 197,339 157,810 1,450,521 1,331,915 SanFran.AN.P October... 92,667 94,755 8"d6',319 732,014 Colorado &Bo.. 3d wk Oct 118,690 3.121.938 S. FePres.APh. 3d wk Oct. lw,695 17,866 OoL Sand'y <& H. 4th wk Oct 31,179 22,726 706,988; 691.865 Sav.Fla-AWest. August 283,424 335.901 2,.54'6,080 2,8'i8,280 CryetaL. August. 480 1,165 7,395 9,653 8her.Shrev.A8o 1th wk Oct 13,184 18,243 284.601 273,895 Ouub'l'd VaUe^ September 99.023 89.087 679.^<24 647.039 Sll. Bprs. O. A G. August.... 25,625 21,182 218,8 3 181.337 Oenv.ARloGr istwkNov. 202,600 196,200 8,084,228 7,258, .=>55 So Haven A E. July 5.550 3,454 21,529 15,911 Det.G.Rap. 6ti1I & Chicago. 'September 5.728 4,544 Yazoo&MissVal October. . 533,800 349.064 Hocking Valley.! Istwk Nov. 81,136 65,02 a 2,883,760; 2,237,602 Y •K .»oiiiiiem September 9.371 6.602 61.801 53.633 HoOB.Tun.&Wll. ! September 5,581 5.455 42,894 40.404 2,191,3 Kanaw'a 1006 THE CHKONICLE. [Vol. LXIX. Latest (jross Earniugs bj Weeks.—Tbelatest weekly earn- eross Jtarntnga. , . Aet Mamtngs.— -n 1899 1898 1P99. in the foregoing are m98. ings separately summed up as follows: Roads, $ $ For the fourth week of October onr preliminary state- Fitchbursr b - July 1 to Sept. 30.... 2,112.844 1,936,138 677.635 724,870 ment oovers 71 roads and shows 10 4 S per cent increase in the Jan. 1 to SCijt. 30 5,774.028 5.314,162 1,020.365 1,588,415 aggre^rate over the same week last year. FllntA Pere Marq.a.Sept. 291.064 293.2 U 79.239 91.923 Jan. 1 to Sept. 30 2,442,053 2,216,587 566,312 557.007 ^th week Oct. of 1899. 1898. Increase. Decrease, Illinois Central, a. ..Sept. 2.737.105 2,3S4,614 P63,336 710 603 Jan. 1 to Sepi. 30 21,451.105 20,03J.203 6.385,224 6,90^,439 9 July 1 to Sept. 30... 7,736,170 6,8o8,684 2,276,319 1,S67,379 Alabama Gt. Southern. 67.205 51.344 15.»61 Ann Aibor 43.0 1« 39 416 3,6d2 Indiana Ill.&Iowa.b.Sept. 86.802 71.844 22.197 2«,867 BaJt. Intern'l & Gt. North'n . . 15t,983 161.053 6,070 Jan 1 to Sept. 30 ... 698,0o3 642.615 273.4S-9 253,3^3 low* central. 68.741 66 159 "2582 July 1 to Sept. 30 215.888 19 7,527 96,716 81,1^ Kanawha & Michigan... 18 115 14217 3.16'^ St. Jos. &Gd. I si. a. Seot. Kan. City Ft. S. & Mem.. 14 .09. 122.37 26 TJO 135,419 105,446 41 155 20.262 Jan. 1 to Sept. c 1,016,414 873.334 239.299 2i6.s38 Kan. City Mem. 4,157 '25 liftke Brie <& Western . 122 10^ 96 771 S'^S Tol St. L. &K. C.a- JSvansv. St. 5H.219 8,103 lionlsv. & L 48.116 Juy I to Sept. 30 543.292 585,501 87,563 81.560 LoolBV. Hend. & St. L.. 19 632 14.7 7 4,875 Jan. 1 to Sept. 30 1,453,808 l,553,»b9 30»,170 210,444 Loulsv. & Nash 79 "810 6''1,4.'S6 99. 54 Mexican Central ., 475,847 440.C85 35,162 Toledo &0. Cent. b. Sept. 190,310 164 700 67.735 47,986 Mexican National 200 815 179 489 21.3.26 Jan. 1 to Sept. 30 1,444,4 1 1,319.154 4*3 -83 402 938 Klnneapolls & St. Loals 89 572 75 914 13.65« July 1 to Sept. 30.... 544,997 475,a68 199,095 147,647 Minn. St. P. & S. Ste. M. 184 84 I 168 091 16,750 Til. Peoria We8t.b..Oot. Mo. Kansas & Texas..... 4-8 520 484.5^6 28.006 & 104 177 102218 32.148 36.911 '80 Jan. 1 to Oot. 31.... 852,653 815,014 239,3.17 231.399 Mo. Paoltic, Iron Mt. .. 988.0' >(J 908.00V. 000 Central Brancii 43 on 43.000 July 1 to Oct. 31 393,795 352,847 114.211 104.869 '32.0'lf' N Y. Ontario & Western 150 000 117.990 Warwick Ir. & Steel. Oct. 29,8.'i3 HoTfolk & Western 282,550 236,376 46.174 July 1 to Oct. al 9 1,663 Northern Pacific 1,101, 01 1,0 9,3 9 62.022 Ohio River 34.290 25.318 8.v*72 West.N.Y.&Penn.b Scot. 361,440 238,220 1210^0 81,719 Peoria Deo. & E^anav.. 24 4e« 22 723 1.745 Jan. 1 to Sept. 30.... 2.667,536 2,24«0ll 864,301 607,445 Pltteb Bess. & L. Brie... 61.760 33.415 28.34?) July 1 to sept. 30 ... 1,069,337 846,»93 38-i,l79 242.037 89 525 9.257 Pittsburg & Western 9S78^ Alabama.b.Sept. Rio Grande Southern 17 25B 14.i9i 3 064 ^CBt. of 68.717 eo,277 30,326 26,103 Jan. 1 to Sept. 30 491.180 457.404 177.8><2 Rio Grande Western 174 30* 129.50 44,800 156.977 July 1 to Sept. 30.... 170,888 154,197 64,355 57,486 8 1. JoBepb & Od. Island ?5. 74 44.960 9.686 "3,745 St. Louis San Fran . 081 2-.^8. 38 & 232 W, Va. C. & PlttPb. . Oct. 113.236 90,908 34.824 29.428 St. T.onlfi Sonthwectem 196 3<)0 211,200 'ii'.Qo'o Jan 1 to Oct. 31.... 1,072 061 963 137 365.2 1 6 306,658 1-. d Sherman Shreve. & So. . H.184 43 5,05 July 1 to Oct. 31 434.358 388,860 138.yl2 116,294 Southern Railway 937.V.18 797.H09 139.409 Texas & Pacific 2bl.l5 311228 '5"o',C76 West. Va. & Pitts. b. Aug. 33 6<<4 35.318 9.P87 17.450 Toledo & Ohio Central... 57.967 49.745 "8.222 Jan. I to Aug. 3t 226,~77 248.2b4 49,474 97.453 Toieao "eoria & west n 34 784 34.300 484 July 1 to Aug. 31.... 66,050 66,0j2 17,087 29,400 Soledo St. L. & Kan. Cltj 56.5h7 "3.218 W»h(M«h 503 140 401.18^ 101,951 Yazoo & Miss. Val a.Sept. 448,824 309,506 170.882 17,675 1 ' Total (71 roads) ... . 14,776,392 13,375,196 1,580,169 178.973 c Deducting other expenditures for repairs, replacements and general et Increase (10'48 p. o.). 1.401.196 expenses, net Income applicable to interest yn bonds In September was $112,010. against $117,377 last year, and from January 1 to September Net Earnings Montlily to Latest Dates.—The table follovt- 30, $1,142,477, against $875,107. This Is the result In Mexican ing shows the gross and net earnings of Steam railroads dollari^ treated (according to the company's method of keeping Ita accounts) ae equivalent to 80 cents in United States money—that Is, reported this week. A full detailed statement, including all depreoi atlon beyond 20 per cent has already been allowed lor. roads from which monthly returns can be obtained, is given the latest statement ol once a month in these column , and Interest Charges and Snrplns.—The following roads, in Chronicle of October 21, this kind will be found in the tddition to their gross and net earnings given in the fore- in the issue of November 18, 1899. 1899. The next will appear d;olng, also report charges for interest, &c,, with the surplus , Gross Earnings. . Net Earnings. — 1899. 1898. 1899. 1898. or deficit above or below those charges Oomvnniet. $ $ $ 9 Atlan. & WfStP'.b.Sept. 59.931 52.301 30.025 25.537 -Int., rentals, etc. . ^BcU. of Net Eam's,-> Jan. 1 to Sept. 30.... 4.'>4.882 417.928 169.i89 151.100 1899. 1898. 1899. 1898. 144,799 71,677 69,304 July 1 to Sept. 30.... 157,',i06 Boads. 9 Albany BoBton & b— Ohio. R. Isl. A Pao Sept. 322,500 327,429 669,6.^9 504620 30.... 2,618,717 2,370,090 927,284 873.8S7 July 1 to Sept Apr. 1 to Sept. 30 1,935,000 1,964,577 2,237,292 1,824.252 Jau. 1 to Seut. 30.... 7,16-.i,789 6,701,550 2,380,7d6 2,375,003 Fitchburg- Host. Rev. B. & Lynn- J uly 1 to Sept. 30 372,306 390.283 303,329 334,587 July 1 to Sept 30 132,946 101,5.'>6 40,''39 33.054 Jan. 1 to Sept. 30 259.550 216.^75 66.068 53,297 Flint & Pere Marq..Sept. 52.982 63.849 26.257 3S,074 Jan. 1 to Sept. 30 ... 476,658 482.668 89,634 74,339 Burl. Ced.R.A No a. Sept. 550.016 529,49 7 134.499 189.302 l,00/,5u4 Jan. 1 to Sept. 30 . 3,543,052 3,216,766 905,318 Can. O. Ft. B, & M..Sept. 121,664 118924 58.361 14.404 July 1 to Sept. 30 359,133 350,692 121,113 19,778 Ohlc. R.I APac.a ..Sept. 2,419 468 2,0-3.406 992, '.'=>9 832,049 Jan. 1 to Sept. 30.1..1b',b75,662 15,: 90,787 5,840,299 8,637,737 Can. C. Mem. & Blr.Sept, 16.507 15,791 27.954 1.045 Apr. 1 to Sept. 3o.... 11,670,427 10,8la,2i7 4,172,292 8,788,8!t9 Julyl to Sept. 30.... 47.929 48,545 45,359 def.9,687 Del. Lack. & Western b— St. Jos. & Gr. Isl'd. Sept. 8.750 5,«33 32,406 14,429 1,7:^9,^73 July 1 to Sept. 30.... 2,321,325 2,824,675 1,486,225 Julyl to Sept. 30.... 26.260 17,500 99,217 46.084 Jau. ItoSopt. 30 ... 5,661,902 5,8i7,559 3,057,2i2 2,779,463 Toledo & Ohio Cen..Sept. 39.537 46,7.57 *2«.455 *1,578 Syr Ring. & N. Y.b— July 1 to Sept. 30..., 121 669 126.820 *78,262 •22.235 July 1 to Sept. 30.... 241.017 248,007 144,«27 116,790 Jhu. iio Sept. 3...... 6o9.972 63i,353 391,547 257,t64 Tol. Peo. & West. b. Oct. 22,753 22,412 9.3>5 14 4 )9 July 1 to Oci. 31.... 90.922 8i>,67l 23,2a9 15,198 Detroit AMack'o.a.Sept. 63,178 41.679 19 937 4,66 ^ Pitts. 21,667 Jan. 1 to8ept.30 ... 560481 4i4,2l5 212,745 149.352 V. Va. Cen.A ..Oct. 23,752 13.157 8.676 31.... July 1 to Sept. 30 ... 199,918 132,092 71,760 25,4d9 July 1 to Oct. 86,667 93,U54 52,243 23,240 . .. . 1 — J November 11, 1899.] THE CHRONICLE. 1007 STREET RAILWAYS AND TRACTION COHPANIES. ANNUAL REPORTS. The following table shows the gross earnings tor the latest period of all street railways from which we are able to oh Annual Reports.—The following is an index to all annual tain weekly or monthly returns. The arrangement of the reports of tteam railroads, street railways and miscellaneous companies which have been published since the last editions table is the same as that for the steam roads that is, the — of the Investors' and Street R.ulway Supplements. first two columns of figures give the gross earnings for the This index does not include reports in to-da>'8 Chronicle. latest week or mouth, and the last two columns the earnings RAII-ROAnS & MISCELL. COMPANIES. Railroads & Miscell. Co.'s— (Con ) Volume 69— Pagf. Volume tif— Pagf. for the calendar year from January 1 to and including suet American Type Founders UOJ Portland & Rum ford Falls...... 954 Baniror & Aroostook 952 Pullman's Palace Car 9<'5 latest week or month. Boston Revert- Beach & Lynn. ... S*53 Reading Co bahnice theet. 904 Buffalo & Susquehanna 9 2 Kio Grande Western 9'M, 910 STREET RAILWAYS AND TRACTION COMPANIES. Cincinnati Hamil'On & Dayton n62 St. Joseph & Grand Island 9j2, 1-63 Cin. N. t>. & Texas Paritlo 9.52 St. Pau. cS Dulutb 903 Latest Grots Earnings. Jan.\ to Latest Dc te. Georgia Southern & Floiida 9'ia Toledo & Ohio Central 901 Gboss Great .Vortnern 951, 958 Ind. Dec. & Western 9 2 Street Railways. 1899. 1899. 1898. EABNIN08. Week orao 1898 Ind. III. & Iowa 9i3 Volume ^9— Page. Maine Central 903 Brooklyn Rapid Transit 43w, 450 $ i8 Minneapolis .t St. Louis 901.911 Metrop. St. Ry. (Kan. Citv, Mo.)... 540 9iil Albany Railway September 61.714 56,724 523904 473 823 Oregon hK. & Navigation Met. St. Ry. (New 1 orki.bal shtet. 9"4 Aii)8t<«r(1aTii 8t Rv September 5,299 4,563 44.0 5 40,318 Pennsylvania Co 904 Union Traction (Phila., Pa.) 643 Atlanta Ry. & Power. August. . . 47.002 306,127 Oregon Short Line Railroad. An^sta (Oa.) Ry & Eleo. August 15,679 14,549 {Report for the year ended June 30, 1899.) Bay cities Oonsol... July.. 9.407 9.916 49539 48 625 Blnghamton St. Ry. September 14 760 13 154 125 244 122,481 President Wm. D. Cornish says : Bridgeport Traotlon September 33,6 '3 32 9-7 274,2t.d 270 491 General Results. —The company has earned the full interest Br'klvTiRap.Tr. r-o 8,766,!>31 t. October... 9*7,964 904,991 8,175,288 obligations on its Income A and iQCome B bonds, and the Chicago & Mil. EIpc. September o13.«3.'S a3.645 below include the full 5 per cent on the Obloagu TJolon Tract. October ... 679,040 623, 1H4 charges A bonds and 4 Cln A Miami Val.. May IvJ.tt :»;•( ll.<97 49,219 37.984 per cent on the B bonds, while the income from other sources Cln. Newp. & Cov.... September 62,783 80.395 527,193 513,532 includes 1 1 66,17.5 collected on the collateral security under- Olty Eleo. (Rome.Ga.) September 2377 1,90- 20 2 17,902 lying the B mortgage, which sum is held by the trustee to be Cleveland Eleotrlo.. "une {83,1-87 141,738 819,580 830 91 1 Cleve PalnBv * E September 12,197 10,945 9^,107 80 093 applied in part payment of the interest, as provided in the Col. Sp'gs Rap Trans. September 20,0j8 14,97b mortgage. 8t. Ky. (O. 74 980 61.778 575,696 5081365 OolniLDue September Insurance Fund —Under an order of Court this company Denver City Tram . . October ... 101.221 112.246 Detroit Ulti'ns' St.Ry IstwkNov. S 7,3V!4 23,135 1,154,402 1/ '0,1 11 received the turn of $78,075, being its proportion of the ac- Detroit Eleo. Ry IstwkNov. 10,359 8,0^8 379,453 334,7 44 cumulations in the Insurance Fund established by the Union Detroit 1^. Wayne & Pacific Rail 'vay Co. Oat of this amount the directors have BeUe Isle IstwkNov. 4,249 3,590 177,706 l.'=i5,<^43 Dnlnth »t Rv September 19.769 17.254 168,26» 154,313 set aside $75,000 as the nucleus of an Insurance Fund, Eaeton Consol. Eleo.. S ptember 27,561 es^tablished as of July 1, 1899. Erie Electric Moior. September 15,511 12,-95 INCOME ACCOUNT. Harrlsburg Traction September 2ri,588 39 393 236547 217,503 1898-9. 1P97-8. Herkimer Mohawk I) Gross earnings $7,577,108 $6,317,058 El. 4.402 33,070 ion & F-kfort Ry September 3,769 30,292 Operating expenses 4,751.621 3,.^88,460 Bonston Eleo. St. Ry. September 18541 18,814 159. 17J 146,9 4 TnterBtate Consol. ol 103.7S2 Net earnings $2,825,487 $2,728,598 North Attleboro... September 15,583 13 439 116,608 Income from investments, Ac 271.474 198,985 Olty Rv. 6.444 53,006 54,2-,^2 Kingston September 6 8d9 Dividend on Or. RR. & N. stock 166,175 KnoxvUle Traction.. August 17,243 15,956 79.242 Lehigb Iraotiou ... September 9,620 8 76 'fl'sss Total $3,263,136 $2,927,583 Ldma Railway (Ohio) September 3,817 4,463 £5.83ii 31,431 Deduct— London St. Ry.(Oan.) July *1 O.-16 10.809 39 716 58 223 Interest on bonds $1,951,870 $l,9.=i 2,095 Lorain & Cleve September 8,972 8 191 72 0i2 54.7.51 sinking fund 12,013 92,77i 12,013 Lob Angeles Tract... July 15,76 9, 33 58,2 Interest on incomes "A" 3-^9.250 359,254 Elec. Co.'s October... 314 Mass. 36^,644 90 Interest on incomes '"B" 593,640 445,. 30 Metropn.at Ry (N.Y) October... 130l7.i8 123 847 Milw. Ry. Li. April 150,263 134,407 602,447 530,248 Eleo. & Total $2,916,773 $2,7( 8,588 Montreal Street Ry.. September 14b. 185 136,765 1,259 226 1,119,.504 Muscatine St. Ry September 5,563 4,1? 8 2 44.547 41.279 Balance, surplus $346,363 $158,995 Newburg St. Ry September 9,0^8 8,941 69,355 66,8'- GENERAL BALANCE SHEET JUNE 30. 98<: Hew London 8t Ry. September 5 948 6 584 45 45 902 1899. 1898. 1899. 1898. New Orleans City ... September 103,633 97.882 1,020,93j 993,590 Liabilities— $ $ Newport News & Old Road and equip.. ..66,685,866 67.5fc,189 Capital stock 27,461,100 27.460.100 Pt. Ry. AElec September 20,450 Bond; and stocks.l5,7iv,498 15,691,381 Bonds (see SCP'T)o6,0>0,cO ' 56.080,0( Northern Ohio Tract. Sept mber 33.4>"2 29,028 Cash . 3,479,298 2,U7o,218 Unt'aid coupons... 1,4.52.695 1,857.033 Accounts receiv'le. 83.637 84,526 Audited vouchers. 191,425 177,H83 OgacUHDorg St. tij.. September 2,643 2,40 17,335 15,182 Agents, &c 159,619 145,759 Payrolls... 225,279 ISt'.i'Oo Paterson Ry August 38 820 36,019 271,2;^9 245.95C Traffic balances. ... 13.720 39.480 Hospital fund 4.673 2,936 Richmond Traction.. September 15,90 i 14,196 U. .S. Gov.rnm'nt.. 99,952 95 o-.a2 Miscellaneous •'44.866 127,370 Roxb'h Cb.H.A Nor'ii May 10,729 8.89 '3«"8V5 34i5l Miscellaneous 35(i,39J 133,207 Tases accrued I.i0,i'76 161,316 echaylkill Val. Trao. October... 5,87>< 5.252 5924h 54.2'^7 State Tr.Co., trust 169,760 1,136 lit erest accrued... 373.275 373..S75 Boranton Railway... August 36,936 34.213 263 8 1 247,654 D.& N. Ry. s. fund.. 32,000 22,f'('0 Sinking fund 65,'9i 66 044 Material 359.571 435,339 Income account. . . 505.368 U 8,995 Elec. 162 38-1 > 62 670 Staten Island September 21,568 20,965 Sundry trust acct's 7,2<0 Byraonse Rap. Tr. Ry September 366 602 335,930 Toled o Tracuon. July 99,0^0 85.055 Total . . ..b7,163,643 86,134,255 Total... .87,153,543 86,134.265 Toronto Ky October... 111,465 99,65" -v. 69, p. 906. Twin City Rap. Tran September 245,e80 ^08 182 1,815,979 1,596,447 Union (W. Bedford). June 20,413 15,7 »2 lOO 599 87,2tj» Rutland Railroad. United P. Transp.. September 202,987 17p,002 & C Report for the year ending June 30, U'tdRys.Klec.(Balt.) April 341,340 313.038 1899. Dnlt«Q ITaot. (Pitts.) September 149.085 135,884 1.245,592 1,135 880 President Percival W. Clement says in substarce : 5-!4 400 United Tract. (Prov.; August 198.160 177 0*4 1,316 1,16^ General Renults.—The jear ending Jane 30. 1899. shows an Unit. Trac. (Reading) October... 17 634 15 351 184,435 163.179 previous year in earnir of ^64,667, in Wakefield & Stone. M y 5,204 4 «61 19.157 increase over the gs and the amount carried to surplus of $66,5»?3 This increase is 1 These figures include results on Brooklyn Brooklyn Ele Heights, in part better local business the Rutland road vated, Kings County Elevated and Nassau RR. due to on and * Strike lu July. 1899. in part to additional through business coming from the ac- : Strike in June. 1h99. from 10th to 25th. quirement of new property. for Highland a Figures Sept., I89d, cover line from Waukegan to Ogdensburg & Lake Champlain Ry.— In .January, 1899, the Park only; those for 1899 cover entire line from E vaaston to Waukegan. comp'iny purchased the stock and bonds of the Ogdensburg givi Street Railway Net Earnings.—The following table s & La>e Champlain Riilway Co., viz : Preferred stock, the returns of Street railway gross and net earnings received |l,5(JO,(tO0; common stock, $2,P00,0f0; first mortsrage 4s, $3,700,000. Of the bonds $3,500,000 have been guaranteed this week. In reporting these net earnings for the street rail- and sold, and the remainder, with the stock, is in our ways, we adopt the same plan as that for the steam roads treasury. The Rut'and RR. Co. assumed the management that is, we print each week ail the returns received that of the O. & Lt. C. Ry. on Feb. 1, and in the five months end- week, but once a month (on the third or the fourth Saturday, ing June 80 that road earned $13,000 more than its interest charge. we bring together all the roads furnishing returns, and the Ogdenshurg Transit Co.— For many years the Ogdensburg latest statement of this kind will be found in the Chroniolb Transit Co. has operated a flf^et of eight steamers between of October 21, 1899. The next will appear in the issue of OA . . proposes — Oross Earnings. . Net Earnings. large interest in these boats, and to continue their 1899. 1898. 1899. 1898. operation from Ogdensburg to the Western Lake ports. Rotuis. $ $ Rutland Canadian RR.— Your officers, in February, 1899, Sonthem Boul. (N.Y.).b— the construction of July 1 to Hept. 30 15.279 14,854 6 030 8,037 completed arrangenents for an extension Jan. 1 to Se.t. 30 35,239 35.175 9,213 16,698 of the Rutland Railroad north from Burlington to the east- Staten Isl. Elec. a... Sept. 21,f68 20.965 •8.101 6,674 ern terminus of the Ogdensburg & Lake Champlain Railway Jan. 1 to Sept. 30 162.388 162.670 42,24 6 25,818 at Rouses Point, through the Islands of Like Champlain in July 1 to Sept 30..., 73.129 76,798 29.^64 38,7a3 Grand Isle County, under a charter of the Rutland-Canadian SytEc se R. T.— RR. Co., the road to be completed Oct. 1, 1899. This rail- July I to S»-pt. 30 122,634 114.789 57,117 51,261 Jan 1 to Sept. 30 366,652 335.930 145,b66 140,283 road is now in process of construction, and, when completed, Westchester Electric b — will shorten the distance from Rouses Point to Burlington, July 1 t< sept. 30..-. 51.464 38.049 7,531 13,7.59 and from the Lakes to Boston, about 16 miles; also by a Jan. 1 Sept. 28,(97 to 30 116,620 96,006 2,746 Alburgh Junction it will give a Yonkers RR.— branch north from connection July 1 to Sept. 30.... 55.694 47,642 28.080 18,072 with the Canada Atlantic, the Grand Trunk and the Canadian — J1 1008 THE CHRONTCLK [Vol. LXIX. Pacific railroads of Canada. The benefits from these cod- Earnings. Etc.—The earnings, etc., have been as follows: nectioDS will be considerable and the business of the Rutland EARNINGS, EXPENSES AND CHARGES. RR. over this extension, now going over other lines, will pay 1898-99. 1897-98. 1896-97. a good income on the investment. Miles operated 312 294 296 Earmngs - Improvements, etc. —The report says : Freight $445,645 $347,282 $298945 To prepare for the business of tlie proposed line, your offioera con- Pxssenger 132,010 110,682 84,035 tracted early In the winter for 17,O0j coqs of 80 pound steel rails to Mail 20,204 19,190 17,457 replace 56 and 60 pound rails, and for eight steel bridges on the Rut- Express 2,935 2,595 1,960 land and Osrdensburg & Lake Champlain roads, and for 250 freight Other 647 1,720 4,283 cars of t)0,000 pounds capacity. This material has not been received to be included in the past year's accounts, but was purchased before Total $601,441 $481,469 $406,680 the great advance in prifC of iron and steel The rails and bridges Expenses— 80 purchased are sutlicient, with what have heretofore been put in, to Maintenance of way, etc $145,444 $88,011 $102, .572 equip the line from Ogdensburg to Rutland with 75 pound and 80 D.> equipment .^2,201 44,377 41.812 pound steel rails, and excepting in three or four places with stei-l Conducting transportation 181,923 155,679 137,635 bridges throughout. There has also been added to the equipment in General 17,973 16.201 22,718 the past ytar, and charged to profit and loss, five new locomotives, costing $42,000. Total $397,542 $304,268 $304,738 Net earnings $203,899 $177,201 $101,942 The earnings, etc., were : Dtduct — EABNINGS, EXPENSES, ETC. Interest on funded debt $118,160 $116,720 $116,000 Earnings- 1898-99. 1897-98. 1=96-97. Taxes 13,109 6.879 5,079 Freight $441,743 $390,904 $374,179 Miscellaneous 2,946 2,838 Passenger 317,238 303,507 297,8 7 Mails and express 42,681 43.432 41.121 Total $131,269 $126,545 $123,917 Othersources 1,958 1,010 357 B alance sur. $72,630 sur. $50,656 def. $21,975 Gross earnings $803,520 $738,853 $713,514 CONDENSED BALANCE SHEET J ONE 30. Expenses— 1899. 18ft8. 1899. 1898. — « Maintenance of way and struct $80,726 $130,525 $95,164 * LiabiUti's t Cost of road i 4,8'6.4a<' I 1 of equipment 56,609 ,902,154 Com mo stock 2 ,000,000 2,000,000 Maintenance 62,499 57,461 Cost of equipment.. 3t*5,061 3H,'-20 Preferred 120,0(0 90.000 256.792 stock Conducting transportation 243.023 259,604 Mttter'N and snppl's 20,397 21,585 Funded debt 2,,990,000 2,918,000 Oeneral expenses 26,728 19,766 27,464 A. & N. Trust fund 30,fl40 Balance purchase Cash in bank 74,729 1.665 price A. & N 17,489 59,866 Operating expenses $420,855 $455,813 $439,693 Coupon account 5,080 Bills payable 36,000 6,000 (/'urreiit accounts .. . 49,.')79 36,015 Income account 216,654 114,024 Net earnings $382,665 $28:^,040 $273,821 Miscellaneous 21,138 Mi seel, accounts 74,015 36,331 Rents 17,330 14,105 17,053 Interest ana dividends 27, '/22 15,293 14,794 Total 5,458,158 5,253.221 Total 5,453,168 5,253,221 —V, 67 p. loOO. Net Income $127,717 $312,438 $305,668 Charges— Alabama & Yicksbarg Railway. Taxes $35,510 $18,747 $12,!= 89 CReport for the year ending June 30, 1899. J Bent of Addison RR 15,(00 15,000 15.000 Interest 224,818 192,886 188,921 Earnings, E'fc. — Following is a statement of earnings, etc. Dividends (2%) 84,782 (2%) 84,782 (lo^) 42,391 EARNINGS, EXPENSES AND CHARGES. Total charges $360,110 $311,415 $258,901 1898-99. 1897-98. 1896-97. 1895-96. Earnings— $ $ $ $ Surplus $67,607 $1,023 $16,767 Passengers 167,584 145,905 154,470 152,844 Freight 450,949 474,182 422.140 364,343 BALANCE SHEET JULY 1. Mall, express, etc 79,005 6 1 ,967 60,9 18 57,885 1899. 1898. 1899. 1898. - - Assets « 9 L'abiliUes $ < Total COQStruotlon 7.644,919 7,e41,919 Common stoc'T 2,48''.6G0 2,48 \600 697.533 682,054 637,528 575,072 Equipment 2,<'18,746 2,01»,'4B Preferred stock... 4,239,100 4,239,100 Operating exp. and taxes... 506,110 478,530 451,135 414,114 Real estate 134,485 134,48B First mortgage 1,401 100 1.461, 1 00 Stocks and bonds.. l,5yl.l35 406,917 Second mortgage. in,90a l.ali,9.0 Net earnings 191.428 203,524 186,393 160,958 Supplies D8,836 51,955 Consol. mortgage.. 2,t 76,000 721,O0u P. c. of op. exp. to earnings. (72-56) (70- 16) (70-76) (7201) Accounts receiv- Motes payable 1,389.217 145.00i> Interest on bonds 121,265 121,561 122.450 123,808 able, &c 179,230 €4,916 Coupons 11,856 12.169 Cash on hand and Unpaid dividends. 3,677 3,-22 Miscellaneous... 798 1,576 2,962 2,003 in banks 197.0C0 ; 3,117 Accounts parable. 192.937 16.108 Profit and loss . . 24,216 Pay-roll acct.June. 45,792 23,101 Balance, surplus 69,365 80,387 60,981 35,147 Profit and loss l.i73 Dividends (5%) 35,000 (5) 35,000 (3) 21,000 (3) 21,000 Total 11,864,35110,419,301 Total.. 11,864,351 10,419,301 BALANCE SHEET JDNE 30. -V. 69, p. 231. 1899. 1898. 1899. 1898. % lAahilities— « % Manhattan Railway. Road and equip 2,973,380 2.973,380 Common stock 700,000 70 1,000 Stk. of Lou. & Miss. Bond8(seeSUPM'T))2,,227.100 2,227.100 {Report for the year ending Sept. 30, 1899.) RR. Transfer 16.000 16.000 Int. on bonds ac- Materials, etc 13.423 2-.;,884 crued not due 30,222 30,222 At ihe annual meeting of the stockholders of the Manhat- (3asb 293,020 280.733 Supplies, taxes, etc. 96,862 131,105 Sundry debtors 22,19? 22,618 Other railroads 33,114 26,720 tan Railway Company this week the retiring board of Station agents, etc. 24,88* 20,614 Replacem't of roll- directors was re-elected. Miscellaneous 18,-294 13,189 ing stock 6.'i,547 59,417 Miscellaneous 33.625 3t,lS9 The earnings for the years ending Sapt. 30 compare thus : Net revenue acct. . • 175,' 3 140,665 1898-99, 1897-98. 1896 97. 1895 96. Total 3.361,501 3,319,418 Total 3,361,501 3,349,418 Tot. pa8S'g'r8carr'd.l77,204,558 179,728,356 183,184,731 183,437.244 -\. 67, p. 950. $ $ $ $ Oross earnings 9,325,111 9.204,466 9,359.732 9,352,115 Vicksburg Shreveport & Pacific RR. Op. exp. and taxes. 6,113,790 6,066,682 6,128,030 6,127,329 (Report for the year ending June 30, 1899.) Net earnings... 3,211,321 3,137,784 3,231,702 3,224,786 The earnings, charges, etc., compare as follows: Interest oc bonds.. 1,889,681 1,889,681 1,889,680 2,021,557 EARNINGS, EXPENSES AND CHARGES. 1,321,640 1,248,103 1,342,019 1,203.229 1898 9. 18978. 1896-7. 1895-6. Dividends 1,560,000 1,200,000 1,350,000 1,800,0U0 Miles operated 188 171 171 171 Earnings— Balance def.238.350 sur. 48.103 def. 7,981 def. 596,777 Passengers $154,797 $129,406 $133,607 $140,309 P.O. op. exp. to earns. 65*56 65"91 65'47 05 51 Freight 402,539 393,932 325,542 313,080 Mail, express, etc 121,047 116,836 113,780 105,422 Earnings and passengers carried for a series of years : Tear. Gross. Pasfcngerf. Tear. Qross. Pasnengers. Total $678,383 $640,174 $572,9 9 $558,811 1899.. .$9,325,111 177,204,558 1893.. .$11,137,051 219,621,017 Operating expenses and taxes 472,997 450,426 425,880 407,128 1898. . 9,'204,466 179.728,356 1892.. . 10,908,579 215.122,575 Netearnings $205,386 $189,748 $147,049 $151,683 1897. . 9,359,"; 32 183,184.641 1891..... 9,9.59,-' 10 196,714.199 Per cent of exp. to earnings . . (69-72) (70-36) (74-33) 86) 1»96.. . 9,352,115 182,437,244 1890..... 9,388,682 185.833,632 (72 Otherincome 3,999 1,143 1,656 1,206 1895.. . 9.745,^^27 188,072.645 1889.... 9,080,880 179,497,433 1894. ..10,138.143 190,159,323 Total net income $190,891 —V. 69, p. 958. $209,385 $148,705 $152,889 Interest on bonds 409,528 410,499 410,499 410,499 Detroit & Mackinac Railway. Balance, deficit $200,143 .$219,608 $261,794 $257,610 Report the fiscal year ended June 30, 1899. C for J BALANCE SHEET JUNE 30. President and General Manager J. D Hawks says: 18 9. 1898. 1899. 1898. Assets— » » Liahiiiti'fs— $ t During the year the surplus earnings have continued to be used for Cost of property... .0,237,092 10,237,092 Common stock 1,601,500 l,«(il„500 permanent improvements and rolling stock. In addition to $54,171 Mat'l, &c..on hand. 43,668 30,213 Funded det)t 7,700,235 7,767,235 paid out of op^^ating earnings for rail, etc., 100 flat oars, 47 box cars Sundry debtors 11.566 ^i>.^i^& First mti/. Int. due Station agents 19,716 13,448 and unpaid 2,910,E04 and 3 refrigerator cars, all equipped with air-brahes and automatic 2,082.316 Cash on band in b'k Tnird ratg. int. du« couplers, and one heavy locomotive, were acquired at a cost of and in transit 170.235 190,016 and uDoaid 778.657 716,476 $73,241. The expenditure for these adding to the cost of permanent Other railroads 5,695 N,2«4 Int.accr'd.luot due. 177,114 178,789 extension of the main line from Onaway westerly to the Black River, Investm't account. •.il,851 24,551 Sup"s,pay- rolls,etc. 85,481 140,905 and of permanent branches, such as that of 4^2 miles in length to Bills receivable for Rolling stock fund. 54,6U6 64,404 Alabaster, was more than could be provided for out of the earnings of land sale- 3,-,'24 3.8,'>8 Reserve lor Red Trustee land iiitg.. 30,902 6,45* River bridge 10,000 '8,f00 the year, and bonds of the par value of $72,000 were sold, which real- Net revenue acct.. 2,813,116 2,672,614 ' and Sale^ 710,1.52 622, f 02 ized $64,628. The justitloation of thece expenditures Is seen in the Miscellaneous 61,528 13,E69 Increased gross and net receipts. During the winter there were or- dered at low prices 150 gondola coal oars of 40 tons capacity and 2 Total 13,389,766 L3, 105,815 Total 13,389,716 13,195,815 new locomotives, to be delivered about Aug. 1, 1899. Thoy will be — V. 69, p. 29. paid for out of current receipts during the coming year. The 70-pound rail laid this year left only 3,000 tons needed to com- New Orleans & North Eastern Railroad. of pound, 52-pound and rail filete the changing of all the 50 56 pound ("Report for the year ending June 30, 1899 a main track between Bay City and Alpena. This rail has been or- dered and Is mostly delivered. The rail taken out of main track will President C. C. Harvey says: be nsed for logging branches. 69,725 ties were used, as against Earnings—Passenger earnings show an increase of 24-55 52,114 last business from new extensions has more than year. The per cent and freight traffic an increase of or met expectations. Ihe prospects the coming jear are for even better $95,625. esulis than during the year past. 8 53 per cent, of which |53,580 lumber, $14,520 coal, $22,830 . : : 9 1 J J November 11, 1899.] THE CHRONICLE. 1009 export pig iron, $11,145 fruit and $18,921 general merchan- worn out, will lead to a permanent business, and that fears dise. There is a decrease in cotton of $44,9' 5 and in grain of the field being filled are groundless. and hay of $14,546. With an increase of 8 53 per cent in The conopany's patents apply to the solid line, or linotype. freight earnings there is en increase of 19 97 per cent in ton- Various particulars as to the business appears from the fol- nage and of 17 96 per cent in tons hauled one mile, whilst the lowing regarding the number of machines shipped, sold, etc. revenue per ton per mile fell off from 096 cents toO'88 cents, Sold On Rental, or 8*33 per cent. These conditions have involved a heavy Year. Shipped. Kew. Rented, etc. Oct. 1. In Use, increase in train mileage and an increase of working ex- 189S 99. 508 255 345 I,0ti7 4,659 1x97-98. 584 241 342 1,248 4,251 penses to 74 15 par cent of the gross earnings. 1896-97. 502 151 4:9 1,325 The reduction in the rate per ton per mile is owing to a 1895-96. 7';2 214 581 1,538 falling off m cotton—a high-paying freight. The recent con- The balance sheets compare as follows: struction of other railroads in the territory served by your BALANCE SHEET OCT. 1. road has resulted in your company having to accept consid- If99. 189 . IS07. 1896. erable less as its proportion of through lumber ra'es than Assets— I t $ $ Cash 614.711 676,866 961,2-8 846,047 heretofore, an 1 as constitutes over a5 per cent of lumber the Customers' notes receivable 1,2; 5,866 1,258.709 1,381,889 ] .378.977 tonnage the effect is very marked. Open accounts 28v!,o26 311.099 3h5. 62 247,8.'S Raw materials, etc 276,81.'i 317618 25».916 276,898 Maintenance, Etc —During the year there were laid in the Plant, etc 031,851 605,818 565.42* 49»,817 main track 87-69 miles of new 75-lb, steel rails in replace Experimental departments 20.1 6 Koeers a epart ment 6,700 6.700 10,989 11,750 ment of old 60-lb. steel rails. Nineteen miles of main track Linotypes l,C91,20O l,2f5.800 1,351.200 1,572,100 were ballas-ted with gravel; 1^1 miles of track are now fully Office fixtures and lurniture 7.909 7,018 4.418 3.661 Nat Typographic ("o. stock ... . 191,914 ballasted, leaving about eight miles yet to be done. Ijinotype Co. iCanafla) investment. 70,127 52,651 56,568 .^S.IUO Earnings, expenses and charges were as below: Special stock account 9,248 28.570 Sundry accounts .. 19,073 1,633 EARNINGS, EXPENSES AND CHARGES. Rigbts, prlvllepes, franchises, pat- ents and invent ions 6,161.091 6.162,471 6,129.338 6,128,863 1898-99. 1897-88. 1896-97. 1895-96 Suspense account 9,710 Eamingt— $ $ $ $ PaseenKers 227, 16 182,911 198.009 214,806 Total assets 10,328,508 10.708,727 11,326,154 11 ,t 32 466 Freight 1.216.882 1,121,256 1,014,874 1,103,008 Liabili i««— Mail, express, etc 100,988 92,761 100,370 101,906 Capital stock 10,000,000 10,000,000 10,000,000 10,000.000 Creditors' open accounts '. 3,621 5,673 12 970 9,607 Dividends 51 746 501,129 401,751 Totaleamings 1,545,686 1,396,928 1,313.253 1,419,720 Surplus 324,376 697,308 814,055 621,108 Oper. expenses and taxes. 1,1 46,096 1,019,553 1,014,827 1.042,749 Total liabilities 10,328,508 10.703,727 11.32f,l£4 11,032.466- Net earnings 399,590 377,375 298,426 366,971 —v. 6?. p. 1182. Per cent of exp. to earns.. (7415) (72-99) (77-28) (74-15) Other inoome 1,864 1,236 1,115 American Cotton-Oil Company. Total 399,590 379,239 299,662 3f8.086 (Report for year ending Aug. 31, 1899.) Int. on prior lien bonds.. . 79,200 79,200 79,200 79,2' The report of this company for the fiscal year ending Aug. Int. on first mort. bonds. . 2 00,000 300,000 300,000 300,000 Mlecellaneous 9,214 31, 1899. has been issued and is published on pages 1000 and nil. It embraces extended remarks by George A. Morri- Balance. ... sur.11.177 sur. 39 def. 79,538 def.l 1,114 son, Chairman of the board of directors, and gives many BALANCE SHEET JUNE 30. details regarding the property and the results of the year's 1^99. lS-98. 1899. ]g98. operations. following for four Assets- t $ Liabilities— t The comparison years has Cost of property. .10.t)3P.071 10,939,0U Common stock 5,(X)0.000 5.COO,000 been prepared for thp Chronicle: Mat. and supplies.. 79.673 ri,029 Bonds (seeSuP'T.) 6,320,000 Agents 94.480 Acc'dint. not due. 169,800 169.W0 PROFITS AND DISBURSEMENTS. Cash I"5,ei3 123,939 A.N. O. T. * P.J. 1898-9. 1897-8. 1896-7. 1895-6. Miscellaneous llv,613 accounts 2,243,447 2,245,621 H 5,398 Ry. profits Net revenue ac- For 8up.. taxes, 4c. lii4.785 123,328 Net above $ $ $ $ count 2.639,386 2.650,563 Miscellaneous 166.638 325.317 all Interest; ad- ministrat'nexp.; Total asiets.. .14.023.020 13.984,066 Total liabilities .14,023.620 13.984.066 depreciation, Ac, 1,637,815 1,314,221 1,015,080 334,79^ —V. »>7, p.950. Dividends on pref.(6%)61),91 6 (6%)61 1,916 (69o)61 1,916 (6%)611,916 do on com. (4%) 809,4 8 4 (3%)607,113 Baltimore Chesapeake & Atlantic Railway. Balance sur. 216,415 8ur.95,192 8ur.4' 3.164 def.2"7,117 (Report for the year ending Avgust 31, 1899.) Previous surplus... 6,227,330 6,157,808 5,907,623 6,184,741 The earnings, expenses and balance sheet have been Total surplus. 6.443,744 6,253,000 6,310,787 5,907,622; 1898-99. 1897-98. 1696-97. lf95-96. BALANCE SHEET AUGUST 31. Gross earnings $607,470 $565,683 $489,005 $497,708 1899. 18^8. 1897. 1896. Operating expenses 460,523 4i 9,805 40 ,462 409,937 Assets— $ $ $ Real estate, etc., etc... 11, 435,548 11,352,480 11,246,718 11.281,964 Net earnings $146,947 $135,878 $81,543 $87,770 Cash 1,509,01 1,845,905 1,H81,468 1,572,822 Add for nalscellaneous 1,106 525 2,257 829 Bills & accts. recfiva'e. 1,720,909 1,229,160 1,200,644 1,012,538 Products, raw material, $148,0 3 $136,404 $83,800 $88,599 etc., available 3,359,213 3,200,038 2.844,6P8 2.581,861 From which deduct interest. 62,500 62,500 62,500 62,500 Good will, paient8,.etc.l7,151,l26 17,341,869 17,284,083 17,687,247 Balance to profit and loss.. $85,553 $73,904 $21,300 $26,099 Total 35,175,815 34,969,452 34,257,601 34,136,434 Liabilities — CONDENSED GENERAL BALANCE SHEET AUGUSTJ31. Common stock 20,237,100 20,237,100 20,237,100 20.237,100 1899. 1898. 1899. 1868. Preferred stock 10,198.600 10,198,^00 10,198,600 10.198,600 Asset's— t $ Liabilities— $ $ Debenture bond-" 3,068,000 3,068,000 3,068,000 3,068,000 R'wy. steam. & equl.3,953.188 3.9ul,814 B.C.&A. R.lstM.bds.1.250.0no 1,250.^00 Commercial accounts.. 5^6,219 532,228 5«0,4e8 459,301 Stocks, other com'es. 2,750 lio Common stock l,00ii,000 l,i OO.OuO Bills and accts. rec. 49,472 54,118 Preferred stock 1.500,000 l,600,Oi Accrued interest 20,453 20,45? 20,453 20,453 Materials 3,323 3,404 Interest on bonds... .SI 2.'i0 Dividends 1,115,443 913,071 152,979 152,979 Due by agents 14,612 12,li<6 Accounts payable... 48,138 e2,^';4 Cash 86,434 27,6*6 Individuals and CO. 's. 5,' 98 7.0S5 Total 35,175,815 34,969,452 34,257,601 34,136,434 Profit and loss 274,992 189,439 —V. 67, p. 1053, 1064. Total 4,109,778 3,999,209 Total 4.109,778 3,999,209 —V. 69, p. 690. United States Cast Iron Pipe & Foundry Company. Mergenthaler Linotype Company. fBalance Sheet Sept. 30, 1899. The company only began operations on March 13. Its net (Report for the year ended Oct. 1, 1899.) earnings for the period ending Aug. 1 were $350,000 and for President and General Manager P. T. Dodge says in sub- the month of July $116,800. The balance sheet of Sept. 30 gtance: follows : Each day adds to the number of standard high-class publi- Assets— Liabilities— cations appearing in linotype faces. The reduced cost of Treasury stock $5,344,555 Common stock.... $15,000,000 composition is leading to a great increase in the volume of Investments 24,053,129 Pieferred stork 15.000,000 printing and to the printing of many classes of matter which Cash 274,197 Bonds, American Pipe Bills receivable 25,909 & Foundry Co 1,199,000 did not justify of the cost hand composition. Although each Materials & supplies.. 1,432,724 Anniston Mort. Bonds. 140,000 machine gives an output equal to tbat of from four to five Accounts receivable.. I,655,tj54 Bills & accts. payable. 850,174 hand compositors, there has been such an increase in the Cash for Interest '.0,785 Profit & loss, surplus.. 576,209 volume of print tbat there are to-day more compositors em- ployed than formerly. Standard machines are built for the Total .$32,786,168 Total $32,786,16& English, German, French, Spanish and Polish languages, -V. 69, p. 757. and they are readily fitted for other languages. In one library over twenty languages appear from one machine. New England Cotton Tarn Company. Forthcoming fac s and improvements will largely increase {^Official Statement. the availability of the machine in the production of more The Boston Stock Exchange has placed on the regular list expensive classes of matter involving the use of mixed faces, 15,000,000 of the company's preferred stock [of the $6,500,000 as in advertisements, technical works, display work, &c. authorized] and $5,7i 0.000 of the $6,500,100 bonds. "The The net gam for the year, machines owned by the com- company was organized principally for the spinning and sale pany being inventoried at $1,000 each, as heretofore, was of cotton yarn. The total output this year is expected to be $1,627,067; substantially equal to the gain of last year from from 40.0r0.000 to 50,000,000 pounds of yarn." Tne company the regular business, alter deduction of the profit irom the owns 583,400 spindles. The bonds, etc., are described as purcha>-e and sale of the National Typographic stock. The follows orders for the past three months exceed in number those for First mortgage 5 per cent, principal and interest payable in goldr the same period during the past three years, and there is dated Aug. I, 1899. due Aug. 1, 1929; coupons payable February and Boston; ssued in the every indication of a large year's business. It is thought August, at the National Shawmut Bank, denom- ination of $1,000; can be called at 110. The principal can be that the Increase in printing business in in- the general, the registered. Claupes in the mortgage provide that the balance of the creasing scope of the machine, and the replacing of machines amount authorized can be issued only for acquirement of additional . : —— : 1010 THE (CHRONICLE. [Vol. LXIX. property, subject to the mort Ootton on hand . 1,126,6H6 Preferred stock 5.('00,000 Stock in proce-s 283,fi97 1st mortgage 5s 5,700,000 GENERAL INVESTMENT Yarn on hand 347,735 Notes payable 2,630.666 NEWS. Accounts receivable. 5b' ,681 Accounts payable 167,737 Investments. 76,072 Taxes assumed 24,524 RAILROADS. INCLUDING STREET ROADS. Cash on hand 2,092,851 Adirondack Ry.—New York & Ottawa HR. - Artveme De- Total $18,522,929 Total $18,522,929 cision. —Ttie Adirondack Railway Co. (Delaware & Hudson Co ) has been desiring to its The plants owned include t he properties formerly owned extend road from North Creek to Long Lake in the Adirondacks for the purpose, as under- by the following companies approximately as follows : stood, of forming in connection with the York Bennett Spinning Co.,NewBedford, ITS.OOOspindles; Rowland Mills New & Ot- Corporatiiin, New Bedford, 77,600 spindles; Rotch Spinning Corpora- tawa RR a direct line from Albany to Ottawa. The State tion, New Bedford, 46,300 spindles; New Bedford Spinning Co., New Board of Forest Preserve in 1887, just prior to the filing of Bedfoid, 40,400 spindles; Ne-masket Mills, Taunton. 32,500 spindles; the map for the proposed extension, arranged to take from Cohannet Mills, Taunton, 73,2i spindles; Globe Yarn Mills, Fall River, 97,400 splndlec; Sanford Spinning Co., Fall River, 37,400 private parties 32,000 acres in Township No. 15, a strip of spindles; NorthDghton Cotton Co., Fall River, 5,60i> spindles; total, which the railroad sought to acquire. This resulted ih litiga- about 583,400 spindles.—V. 69, p. 181. tion, and the Court of Appeals, unanimously revf'rsing the judgment of the Appellate Division, has now affirmed the United States Flour Milling Company. decision of the Special Term, holding, in an opinion by Judge (^Official Statement. J Vann, that the title to said land passed to the State at the The official statement to New York Stock Exchange says moment of the completion of its condemnation proceedings : Organization.—Incorporated April 27, 1899, under the laws of New and then became a part of the Forest Preserve; corsequently Jersey. Authorizel capital, preferred 6 per cent cumulative stock, the provision of the Constitution that lands constituting the $12,500,000; common stock, $12,500,000. Ouistanding, preferred, Fort st Preserve shall not be "taken by any corpi)ration, public $5,000,000; common, $3,500,000; par value, $100; no personal liabil- or private," ity. Reai-trar, Slate Trust Co., N. Y. Transfer agent. Produce Ex- intervenes against the railway company, —V. 69, change Trust Co., N. Y. p. 1102; V, 68, p. 525. Bonded Indebtldness,—First Mortgage 6 per cent s-old bonds, due Atlanta (Gra.) Railway Power Co.—Adverse Decision — May 1, »939, authorized Issue, $15,000,0 JO (redeemable on anl after & May 1, 1909, at 110. Centrai Trust Co.. Trustee), outstandiuir $7,.500,- Judge John S. Candler, of the Fulton Superior Court, at At- 000, including $2,500,000i8suabl- only on deposit o an equal amount lanta, on Nov 7, rendered a decision enjoining the Trust of the first mortgage bonds of Hecker Jones-Jewell Milling Co. I'o [ Company of Georgia, the Atlanta Railway P war Co.. the Sept., 1899, the outstanding issue of Heoker-Jones-Jewell Milling & bODd> had been reduced through such exchange by $1,004,000, viz: to Consolidated Street Railway Co. and the Atlanta Railway $1,496,000. Ed.] The only other bonded Indebtedness of the con- Co. from perfecting the proposed consolidation, on the stituent companies consists of $71,690 due Nov. 1, 1 99, against the ground that it would kill competition and thus form a mo- Freeman Mill property, an indebtedness already provided for. of Location of Plants.—The Company's nineteen flimr mills as below nopoly street railway interests. The decision enjoins the have an aggregate daily barrel capacity of 39,000 barrels trust company from selling or transferring any of the stock Heck' r-Jones Jewell .Milling Co.: Hecker, Jones, Jewell, and Staten Island or bonds of the two existing companies in its possession to Mills, all N. y. (Mty; E-mlre State Mills: Syracuse Mill, Syracuse. N. Y.: Bald- the other company, or to any other person, claiming the ob- wiiisville Mill. Balrtswinsville. >*.¥.; Urban Mill. Buffalo. N Y.; Daisy Roller Mill Ci) : Daisy Mill, Milwaukee, Wis.; Lake Superior Mill, Superior, Wis.; ject of such transfer would mean the consolidation of the Anchor Mill Co : Anchor Mill. Su >erlor. Wis.; Wm. Llstman Milling Co.: List- two companies into one company. The application for the man Mill, .Superior, Wis.; Ru-sell & Miller Milling Co.: Grana Republic Mill, West Superior, Wis.; Freeman Milling Co.: Freeman Mill. West S iperior. Wis.; appointment of a receiver was denied. —V. 69, p. 77. Minkota Milling Co.: Minkota Mill Duluth, Mimi.; Duliith Imperial Mill Co.: Imperial Mill. Duluth. Minn.; F"aist Kraus Co.: Kraus Mill, Milwaukee, Wis.; Atlantic & Tadkin Ry.—Southern Ry.—.Bonds Listed. — Minneapolis Flour Milling Co.: Excelsior, Standard, and St Anthuny Mills, and The New York Stock Exchange has listed the $l,500,0U0 first Union Mill property, used as warehouse, all in Minneapolis, Minn. mortgage 50 -year 4 cent guaranteed gold coupon of All of the above properties are owned In fee with th« exception of per bonds the Hecker-Jones-Jewell Milling Co. Of th« latter stock, the United the Atlantic & Yadkin Ry. This line, formerly a part of the States Company owns 28,' 35 shares of the 30,000 shares of the pre Cape Fear & Yadkin, extends from Sanford, N. C, to Mt. ferred and 19,8 M shares of the 20,000 shares of its common stock, Airy, N. C, 130 miles, with branches 34 miles. The South- and has deposited with Franklin Trust Co. as Trustee, a sufficient all number of scares of its own stock, both preferred and common, to be ern Railway Co. owns the $1,000,000 capital stock and exchanged for all the outstanding shares, until the final transfer of guarantees the bonds by endorsement as follows the property in fee is made. For value received, and in consideration of the purchase from it of Certificate of incorporation says : Ppeferred Stock, Etc.— The the vrithin bond. Southern Railway Co., by due authority, hereby preferred shall dividends at the rate of stock receive not exceeding guarantees the due and punctual payment of the principal and interest shuU be payable quarter-yearly 6 per cent per annum, such dividends of the within bond of the Atlantic & Yadkin Ky. Co. on the first day of August, November, February and May. Such divi- Southern Railway Co., by S. Spencer, President. dends shall be cumulative, and if the ptoflts in any one year declar- —V. 68. n. 979 : V. 69. p. 9 J6. able as dividends shall not be sufficient to pay such dividends for such year upon said preferred stock, the same shall be made up from profiisof Boston & Albany RR. Quarterly. —Earnings for the quar- a later period until the full amount of dividends herein (specified, with- ter ending Sept. 30 were: out interest, shall have been paid upon the preferred stooli before any Interest, dividend is declared on the common stock. The amount of such an- 3 months end- Gross Net Balance, nual dividend on 'he preferred stock shall in each year be reserved for ing Sept. 30. Earnings. Earnings, taxes, etc. Dividends, surplus. 189ia such payment before any dividend sh ill be set apart or paid on the $2,618,716 $927,2»3 $218,192 $c00,000 $209,091 common stock. The balance of the net profits of the company de- 1898 2,370,039 873,857 153,344 500,000 220,513 clarable as dividends, shall be distributed among the holders of the —V. 69, p. 694. common stock. The face value of th« preferred stock and accrued Boston Elevated RR, Instalment on S^ocfc.—Although no and unpaid dividends shall, in the event of the dissolution of the com- official action has yet been taken, we understand that the pany and the division of its assets, be paid in full before any sum "Whatever shall be paid on account of the common stock, and there- company will shortly begin to call, in instalments, the bal- after ihe common stock shall be entitled to the entire assets re- ance of its capital, $50 per share. Possibly $10 per share maining. will be called in January aad $10 a share every month there- DiRKCTOBS —List asin V. 68, p. 930, except that Geo. H. Southard entire is paid. — and Albert C. Lorlng have replaced Clinton Morrison and John A. after until the $50 a share " Boston News Shipley. Balance sheet follows: Bureau."—V. 69, p. 25. BALANCE SHEET JUNE 30, 1899. Buffalo Rochester & Pittsburg Ry.—Completed.—The A-ote'fi— new line from Punxsutawney to Allegheny City, etc., was Real estate and plant $7,'?50,000 formally opened for traffic Nov. 2. At New Castle Hecker-Jones-Jewell Milling Co. bonds 972,000 connection is made with the Pittsburg Western do do preferred stock 2,743,800 & do do common stock 1,935,90J (Baltimore Sc Ohio system) for all points to the West and Held to redeem outstanding securities (y) of Hecker-Jones- Southwest, thus practically making the B. R. & P. a short Jewell Milling Co.- from Buffalo to central Ohio, Indiana, Illinois and Mis- Bonds line 1,528.000 of the Preferred stock. 2.^6,200 souri River points. As shown by the map on page 17 Common stock.. 64,100 Investors' Supplement, the new line forms a link in a poss- Cash.. 80.459 ible thiongh route from New York to Chicago, a route less, Bills receivable «,3S9 it is said, by several miles than by any other line.— V. 69. p. Accounts receivable 431,.=i94 Wheat, flour, feed, etc.. In New York (cost). 497,800 499, 954. Ollice furniture and fixtures 11,814 Chicago & Southeastern 'Ry.—Contnct.—lt is announced Estimated profit on open contracts 24,885 Insurance paid in advance 20,000 from Anderson, Ind., that the new line to Muncie will be Due from agencies *1,505,541 opened for regular traffic Nov. 15. The opening of the ex- tension gives the company 129 miles of main track. A north- Total $17,328,432 it is said will be Liobililifit— ern extension from Anderson to Elwood Bills payable $410,000 opened about Jan. 1. —V. 69, p. 541. Loans on wheat and flour collateral 873,323 Terminal Transfer Wisconsin Central Ry. Aciounts payable, ledger balances, $13,952; do for sup- rhicago RR.— plies, $31. li? 45.109 —Leasi: to lerm-nate. — O mug to failure to agree on terms Comiof D stock issued 3,500,000 for the use of the Chicago Terminal Transfer Company's Preferred stock icsued 5, November 11. 1899. J THE CHRONICLE. 1011 Chicago Transfer & Clearing Co.—Chicago Union Trans- Datton Traction Co.— Cincinaat" & Miami Talley Trac* fer ny.— Title Taken —The Cbicago Transfer & Clearing tiou Co.— Cincinnati * Uamilt(»n Electric Ky. Vhanfje of Co., incorporated June 16 as successor of the Chicago Union Ownership— Long Electric Road—Penmng Consolidation. — Transfer Ry. Co. and other companies, has taken title to The Cleveland syndicate, including Jacob Mandelbaam, E. more than l,roo acres (one account says 3,340 acres) for its Or. Tillotson, H R. Newcomb and others, has acquired con- proposed clearing yaid for car lots and package freight. trol of four-fif chs of the capital stock of the Ddyton Traction This will adjoin Chappell, just west of the city limits of Co., and the three men named have been elected directors of Chicago. The tract can be easily located by reference to that corporation. The syndicate, it is understood, will con- the map on page 41 of the Investops' Supplement; the solidate the company with the other concerns owned ty it, as one- quarter-inch circle there shown near Chappell ir eludes a indicated in the above heading. Within the next thirty days, portion of the purchased property. Edwin W. Winter is it is said, the tracks of tbe Cincinnati & H-imiiton R-iilway President of the new company, and among those financially will be connected with those of the Cincinnati & Miami Val- interested are H. H. Porter. President of the ChicsigD & East- ley Traction Co. at Hamilton, and the entire line from Day- ern Illinois RR ; D. O. Mills and Flower & Co.—V. 69, p. 78. ton to College Hill, a suburb of Cincinnati, 52)^ miles, will be brought under one management. Chicago & West Michigan RR.— Pere Marquette Ry.— Mr, Mandelbaum. one of the firm of M, J. Mandelbaum & Consolidation. —The stockholders of the Chicago & North Co., is quoted as follows : Michigan RR. (a part of the C. & W. M system) on Nov. 3 voted to merge the company in the Chicago & West Michi- "Our plans are not yet in shape to be discussed. All I can say is that we now have a line practically completed from Cincinnati to Dayton. gan RR., preparatory to the general merger in the Perc When the reorganization is carried out, which it will he very shortly, Marquette RR.—V. 69, p. 905, 955. enough bonds will be left in the treasury of the [new] company to pay Cleveland Canton & Sonthern Ry.—Coshocton & South- for the ex'ension of the line through to the northward from Dayton — the who'.e lengih of the Miami Valley to Troy. This will, I believe, be ern Ry.— 4 hagrin Falls & Northern R'R.— Sale (f Bones the longest trolley line in existence. " "When the Wheeling & Lake Erie purchased the Cleveland I he valley of tbe Miami is the richest territory in the State, and I Canton & Southern, the Coshocton Southern and the Chagrin regard Dayton as the bi st traction town in the State. The roal when completed will be about seventy-two miles long and will traverse a Falls lines in transaction & Northern were not included the territory bavins a population of about 750,000. Practically the whole The " ' Cleveland Leader says: enterprise Is a Cleveland affair."—V. 66, p. 1237 ; V. 69, p. 26. It was thought, when this session of the court convened, that a peti- Delaware "Western Quartet ly. — tion would be tiled, asljing for the right to sell, but it seems that the Lackawanna & RR. bondholders do not wish to wait until the long process is gone tbrou«h Earnings of the company's leased lines for the quarter and with, then ask preferring to dispose of the bonds at pi Ivate sale and the nine months ending Sept. 30 were : the contlrmation of the court. A deal for such a transfer is now on. 3 mos. ending Oross Net Interest, Balance* It is said that the Wheeling & Lake Erie interests are after both of the Sept. 30. earnings. earnmQi'. tax'S,elc. s>'r)jlus branobes. The Wheeling Is already operating tbe Chagrin Falls 1899 $2 321.32.5 $1,486,225 04 $877,221 branch under a lease, and it is believed wants to get into Zanesville S6<'9,< 1898 2,824,675 1,73^,373 619,249 1,120,124 over the other line.—V. 69, p. 333. 9 months— lied Clevelflnd Cincinnati Chicago & St. Lonis Ry.— Ct 1899. 5,761,902 3,0.'>7,242 1,047,5^2 1,2C9,740 Bond.s.— Seven consolidated 6 per cent mortgage bonds (1j7,- 1'98 5,887,559 2,779,463 1,857,747 921,716 000) of the Cincinnati Indianapolis St. Louis & Chicago loan —V. 69, p. 384. of 18^0, viz., Nos : 695, 489, 346, 49, 1,0«3, 1,0 6, 544, have Denver & Soathwestern Ry. Incorporated. —This com- been drawn for the sir king fund, and will be paid en May 1, pary, successor to tHe Florence & Cripple Cre^k RR. and 1900, 105 interest. at per cent and other properties per plan in Chronicle of Oct. 21, page 851, Preferred Stock. —Nearly ten years ago we found in Section has been incorporated under the laws of Dtlaware. Incor- 3309 of the Ohio Statutes a provision indicating clearly, as porators: Henry Ware, of Brookline, Mass ; James L. Wal- we thought, that the preferred stock of Ohio railroad corpor cott. Jamts Virdin, of Dover, Del. Capital stock, $5,000,000, ations, of this is is " after which company one, redeemable of which 12,000,000 five per cent preferred.-V. 69, p. 851. three years" at the option of the issuing company. We accord irgly inserted a reference to it in our Investors' Supplement. Detroit & Lima Northern Ry.— SaZe of Columbus & North Lately an official statement has been published to the effect western Dt vision.- Spec ial Master Irvin Belford on Oct. 31 that the company was of the opinion that the road, being a made his report to the Court upon the motion to turn over "consolidated corporation," its preferred shares were not af- the portion of the road south of Lima, known as the Colum- fected by the aforesaid provision. The point is evidently bus & Northwestern division and extending from St. Marys one of considerable importance, for whatever the company's to Columbus, O,, 64 miles, to W. B. Strang, C. E. N. Coles and view of the subject the contingency might some day arise Charles N. Haskell, The decree as approved by Mr. Belford when strong; effort would be made to invoke the right of re- provides that the division named shall be placed in the hands demption in case it exist. We therefore suggested to Presi- of a separate receiver and shall be sold at auction. Tue dent Ingalls that he favor us with an explicit recital of the claim of the Ferguson Construction Co. for .$70,000, or there- points on which the negative view of the matter is based. abouts is made a lien on the division prior to the lien of He has kindly done so, through the following letter of the Strang and Haskell, amounting to about $^90,000. The north- ern end of tbe road is to indebtedness of company's counsel, Mr. Dye : assume tbe other Section 3,307, Revised Statu' es of Ohio, authorizes a railroad com- tbe southern division, and S' rang and Haskell are to release * their claims against the northern portion also, it is pany " to increase its capital stock as hereinafter provided * * and understood, surrender |960,000 of stock and the when it becomes necessary for the speedy and convenient transactic n common same amount of first mortgage bonds. The decree, it is of Its business to construct a second additional track," etc. stated, will be on file at Toledo in the oGBce of the Clerk Section 3,308 regulates the manner of proceeding to Increase the of the United States Circuit for 30 parties capital stock. Court days, and desiring may file exceptions before it is submitted for final Section 3,309 provides, " The increased stock may be common or action.— V. 69, p. 905. preferred, as shall be designated in the call for the meeting of the stockholders; if preferred stock be issued, the company may guaran- Erie RR. Quarterly. —Earnings for the quarter ending tee to the holders thereof semiannual or quarterly dividends, to an Sept. 30 were: amount not exceeding six per centum per annum, payable at its office. 3 mos end. Oross Net Other Interest, Balance, or at such other place as the directors may designate; * * * and Sept. 30. earnings. earnings. income. taxes, etc. Surplus. 1899 $9,3S7,519 $3,1.50,103 $26,'»88 $2,181^87 $99i,504 the company which issues such preferred stock shall reserve the priv- 1898 7,80ti,080 2,683,877 35,683 2,185,762 533.798 ilege of redeeming and canceling the same at par, at any time after —V. 69, p. 438, 443. three years fiom the date of its issue; and the preferred stock herein Fitchbarg RR.— ^war/erZ^/.—Earnings for the quarter end- provided lor may be convertible into bonds of the company at the ing Sept. 30 were: option of the parties." 3 mos. end. Oross Net Other Interest, Balance, I think this provision in Section 3309 can only apply to preferred Sept. 30— earnings, earnings. income. taxes, etc. snrplns. stock which has been issued for the purpose of increasing the capital 1899 $2,084,403 $649,194 $28,441 $372,306 $30i=«,-29 stock in the manner provided in 3307 and 3308. 1898 1,916,513 705,245 19,625 390.283 334.587 The preferred stock of the C. C. C. & St. L. was not issued under Sec- Dividends on preferred (4 per cent per annum) are paid tion 3307, but was Issued upon the consolidation of the Cleveland semi-annually, calling for about |169,000 quarterly.—V. 69 Oinoinnati Chicago & St. Louis Railway Company and by the consent p. 693. of the holders of common stock of the constituent companies, and the Gnlf & Ship Island ^R.—Earnings—Extension. —For the privilege of redeeming the same was not reserved. year ending June 30, 1".^^, the gross earnings were $243 395; This consolidation was made under tbe laws of Ohio and Indiana, net, 1113,413; interest on bonds, |i2,o67. Total surplus as of and was a consolidation of corporations organized under the laws of June 30, 1899, |341,995. For the quarter endme Sept. 30. those two States, and there is no statute in either Ohio or Indiana 1899, the gross earnings were |86,699; net, $45 382; fixed making preferred stock, m hen the same is not i8.<-ued for the purpose charges, .$13,141; surplus, $32,240. All these ret-ults were ob- of increasing the capital stock as provided In Section 3307, subject to tain ei from the operation of the portion of the road extend- redemption. trulv, Very ing from the Gulf of Mexico at Gulfport, Miss , to Hitties- JNO. T. DYE. burg, Miss., 71 miles, with branch 4 miles. General Manage r In connection with the above it is interesting to note that S. S. BuUis says: "You will notice that last quarter we the plan under which the Hocking Valley Railway Co. was earned 9 per cent on our stock; we commenced building ad- formed provided that tbe preferred shares of that company ditional line in February, have 75 miles practically completed should be "subject to the statutory right of the company to now, and will by May Ist next have a mileage of 2."'0 miles as redeem the same at par."—V. 69, p, 590, 600. follows: Galfport to Jackson, IfiO miles; Laurel branch, 41 miles; Columoia branch, 49 miles."—V. 1181. Dardanelle & Russellville RR.—SoM.—This road, con- 68, p. necting Dardanelle, Ark., with the Iron Mountain '•oad at Illinois Central RR. Last Ra>l Laid on Omalia Exten- Russellvibe, 5 miles, is reported to have been sold to Cnicago sion.—The last rail was laid Oct, 31 and on Nov. 1 the first parties, who have—increased the capitalization, and talk of train raa over the entire line of the Fort Dodge & Omaha possible extension. " Railway Age." RR. Council Bluffs to Fort Dodge, 130 miles.—V, 69, p. 795, : .. . — — 1012 i HE CHRONICLE. L\OL. LXIX. Jersey C»ty UoOukeu & Patersuu Street Rj.—Mortgage Louisville Erausville & St. Louis RR.— Z> cision.- Judge fur ^^0,000,000.—The company has filed a consolidateci mort- Baker, of the Federal Court at Indianapolis, has denied the gage for |2 ,000,000, covering all its property in Hudson, intervening petition of thirty bondholders of the Hum ingburg Bergen and Passaic counties. — V. 69, p. 955. Tell City & Cannelton RR. for an order for an exchange of Kansas City Pittsburg & (iulf RR.—Kansas City Subur- their bonds for L. E. & St. L consols, per consolidation agreement of 1889. He holds that the exchange can not be ban Belt liK.—Port Arthur Channel Si Dock Co.—Modified Plan,—The Harrity or Philadelphia Committee, having made, since the company is in the hands of a receiver and reached a definite agreement with the New York Committee, the thirty bondholders have delayed for nine years in ashing has adopted a modified plan of reorganization on the lines for the exchange. The decision agrees with that of Justice mentioned last week. Pending the transmission of the plan Stover last September— see V. 69, p. 542. to Europe the lollowicg authoritative announcement is made Mexican Northern Ry.—DemoZ. —The Mexican advices regarding its salient featuret stating that the road has b^en bought by an American syn- " Tne Kansas City its Pittsburg & Gulf RR. Co. and both dicate are denied by the officials in this city. —V. 65, p. 679. terminals, namely, the Kansas City Belt Line and the Port Milwaukee Electric Ry. & Light Co.— Mew Ordinance.— Arthur Channel & Dock Co., are to be embraced into one The company and the special committee of the Milwaukee property and operated under one management and one Common Council have agreed on the terms of the new street ownership. The committee will provide at this time railway ordinance. It remains now for the Common Coun- for the distribution of new securities to the holders of cil to act on the agreement. The ordinance grants the com- all the securities in all the companies and avoid any un- pany eleven new franchises and extends all its franchises certainty as to their treatment. The fixed charges under the until Dec. 31, 1934, provided : former plan of the Philadelphia Committee aggregated $1,- Tickets with full privileges to be sold in packages of twentv-flve 134, Oi 0; under the present modified plan the fixed charges for one dollar, or six for twenty- Ave cents, for use between 5:30 and will be .17^5,925 [bfing the interest on $20,197,5011 of first 7:30 o'clock A. M and 5 and 6:30 o'clock p. m. until Jan. I, 1 05. and mortgage 3s, the only bonds to be outstanding on the prop- iherentter until Dec. 31, 1934, at the same prices lor ush at all hours. One free transfer shall be given at establlglind points to any con- erty]. This amount IS regarded so well within the'earniDg necting or cross line of said railway for passHge within the city and ability ol the property as reorganized, embracing the entire convenient and such additional points established as a proper exten- system , including terminals, that it is confidently believed sion ol the transfer system may reauire. excess earoitigs applicable to dividends on the stocks can be The company shall build from time to time all needed extensions. All viaducts, bridges and approaches thereto on which the company reasonably assured." does not i ow operate nre to be widened and strengthened and main- The new company will issue the following securities: tained at the company's expense as the public safety may require and l)e determined the city authorities. First mortgage flfty-jear 3 per cent gold bonds to be se- as may by cured upon all the properly now of the Kansas City The company shall furnish the city sufficient electric power to swing Pittsburg & Gull RR. Co. and of the Kansas City Sub- and operate all drawbridges owned by the city atid crosseri by the urban Belt RR. Co. and the Port Arthur Channel & railwHy, aiid also provide all necessary connections with the com- Ijocb Co $30,000,000 pany's power plant. Whenever the city shall pave or repave any street upon which the In partial exchange for bonds of K. C. P. & G. RR 18,000,000 railway's tracks shall be laid, the company shall, notice of that do do K. C. Suburban Belt. 1,330,000 upon fact, make all necessary repairs, connections and improvements for do do other K.C. term, lines 3,0. 000 Its paved by do do Port Ar. Ch. & Dock. 817,500 tracks and railway. No streets heretofore or hereafter the city shall or disturbed bv without the per- To be sold for cash requirements of new company.. 3,000 000 be oi^ened the company mission of city authorities and under plans approved them. Reserved for future requirements of new company. 3,802,500 the by The city shall, upon giving notice between July 1. lvt30, and Jan 1. Preferred stock, 4 per cent non-cumulative (to be in 1931, have the right To purchase the property, rights and privileges voting trust for Ave years) 21,000,000 of the railway and take over the same Dec. 31, 1934, upon payment In partial exchange for present K. O. P. & G. bonds 12,000,000 of compensation agreed upon with the railway, or if they cannot For capital stock ol K. C. Suburban Belt Co 1,187,500 agree, then the amount shall be tixed by arbitration of Ave persons, In partial exchange for bonds of do do 250,000 two to be chosen by the railway, two by the Common Council and the do do other K. C. terminal lines 762 500 fifth by the four thus chosen; and in fixing such valuation the fran- do do Port Arthur Channel & Dock... 817,500 chises heretofore or hereafter granted fhall not be considered. If the To participating stockholders or the syndicate 2,400,000 city shall purchase but not operate the railways itself, the railway To be sold to syndicate 3,0o0,000 company thall have the right to take said railways under lease or Reserved for future requirements 582,500 otherwise, as may be determined by the city, provided the railway Common stock (to be ia voting trust for five years) 30,000,000 company shall make as good terms therefor as those of any other Ol which to participating K. C. P. & G. shareholders. 24,000,000 offer satisfactory to the city.—V. b9, p. 3^5. For acquisition of the capital stock of the Kansas Nashville & Decatur.—Lea.se Approved. —The directors on City suburban Belt RR. Co : 3,562,500 Oct. 18 approved the proposed new lease to the Louisville & For Port Arthur Channel & Dock 5s (partial exch'ge) 8 1 7,' 00 do do do stock 1,181,250 Nashville for 999 years from July 1, 1900, and voted to end Reserve d for future requirements 438,750 the present lease on that date instead of July 1, 1902, as As formerly undertaken, the property is to be under the originally provided. The new lease contains in substance control of a five years' voting trust, comprising seven mem- tb*» following: bers. A change has been made in the personnel of this vot- The lessee agrees to pay as rent for all of the properties, rights, franchises and immunities hereby leased a sum of money equal to ing trust, and is now as follows: J. W. Gates, William 7>a per cent per a" num upon the capital stock of the lessor, as it may Edenborn, Herman Sielcken, John Lambert, Samuel R. stand from time to time, annually during the term of this lease, and to Shipley, Louis Fitzgerald and James Still man. pay the same in,two equal instalments, on Jan. 1 and July 1 , at the office of the leasee in Nashville, Tenn., or Louisville, Ky., or in New York, Exehange.—The basis of exchange is as follows: M^Y ****** . Will receive. . And it is further agreed by the parties hereto that the respective Old securities. Paying ist M. Pief. Oom. holders of the shares of the capital stock of the lessor which are now (Per $1,000 bond, $\00 stock.) assess. 3%. stock, slock. is hereby K. C. P. AG. Ist5s($24,000,r00) none $750 $500 owned by other persons than the lessee shell have and there created and reserved a first lien on all the right, title and interest of do stock ($24,000,000) $10 .... 10 $100 the lessee In the demised premises for the payment of the share of the K. C. Suburban Belt stock ($4 ,750.000) none 25 75 r^-nt due to said respective holders of said capital stock, being original do bonds ($1,000,- 00) none 1,330 250 stock and stock other than the capital stock owned by the lessee. If Union Terminal Co. 5s ($2.000,000).. . none 1.000 250 at any time earnings of the demised premises should not be Consol. Terminal Co. 5s (750,000) none 1,000 250 the net sufficient to pay said rent upon the total amouut of the capital stock K. C. &Ind. Air Line 5s ($3(10,000).... none 1,000 250 of the lessor, the rent on the capital stock now owned by other per- Port Ar. Chan. & Dock 5r ($1,6.S5,000) none 500 50i> 500 sons the lessee and their assigns shall always be first vaid before do do stoik ($1,575,000) none than 75 any rent be paid on the shares of capital stock now owned by the •' This plan as modified has been submitted to the New lessee or that may hereafter be acquired by it on account of the pay- York ment of debts of the lessor under the old lease of May 4, 1871. committee, by them unanimously approved ; they formally recommend its acceptance by all'the security hold- In case the net earnings shall not be sufficient to pay 7J^ ers, and have all agreed to deposit their securities with the per cent "upon all the said shares of stock which are at this Philadelphia committees depositaries under this plan. The time owned and held bv others than the lessee, then and in reorganization will proceed under the directioo of the Phila that event every such deficit shall be made good and be paid delphia committee as constituted. The Mercantile Tru?t Co. by the lessee, regardless of its net earnings.'- V. 68, p. 938. of New York has been added as the New York depositary. New Euglaud hR. Option to Cease. —The minority stock- The Amsterdamsche Bank has been added as the Amsterdam holders are notified that the option to exchange New Eng- depoi-itary. The certificates of the depositaries will be listed land stock for New Haven stock will expire on Jan. 1, 1900. on the New York and Philadelphia Exchanges as soon as V, 67, p. 897. practicable. New York Chicago & St. LouisRR.- ^i/ar^erZy/.-Earnings " There is no doubt as to all security holders depoeiting for the quarter ending Sept. 30 were : their securities under this plan, yet the Philadelphia com- mos.end- Net Other Interest, Balance, mittee, to insure the independence J3 Gross and completeness of the mg Sept. 30. earnings, earnings, income. taxes, etc. surplus. main line, has, in the event of any unexpected refusal by the 1899 $1,791,594 $464,614 $l,2.=i4 $:^0i,8ll $164,057 holders of the terminal companies' securities to accept this 189S 1,581,741 321,:;08 1,522 300,399 22,431 V. 385. plan, definitely arranged for ample terminals reaching the — 69, p. same industries and railroads as now reached by the com- New York Ontario & Western Ry.-^uarferZ^/.—Earnings pany, and at a cost nearly one half less than heretofore. for the quarter ending Sept. 30 were : "A syndicate has been formed which purchases |3, 000, 000 3 months end- Gross Net Other Interest, Balance, of new bonds and $3,000,000 of new preferred ing Sept. 30. earnings, earnings, income. taxes, clc. s^irplus. stock, and also 1899 $1,385,912 $558,044 $69,933 $288,004 $339,973 underwrites the teo-dollar assessment, so as to give the new 1808 1,089,379 376,294 21,340 2j2,816 164,818 company ample cash to discharge all its obligations, and sup- —V. 69, p. 695. ply adequate workiog capital." Northern Pacifle Tij.—Redemption of Balance of First The official plan will be issued the first of next week.— Mart, bonds. —The company is understood to be negotiating V. 69, p. 955, 384. some large land sales, the proceeds of which, it is said, Lake Erie & Western RR.—Pennsylvania liR.—Sale of will be sufficient to retire the remainder of the outstanding Akron & Cleveland Eight of Way.—The Pennsylvania RR. first mortgage bonds. —V. 69, p. 955. Co. proposes to purchase the 20 miles of the abandoned Norlheastern RR. of Georgia.— Southern Hj.—Sale.— Akron & Cleveland road between Youngstown and Ravenna, The sale of the Northeastern RR. to the Southern Ry. Co. O.—V. 69, p. 132, 590. was noted last week. The property was turned over to the — — — November 11, 1899. CHHONK LK 10'3 J THK Charles W. Noyes; Secretary and General Manager. Henry B Matan! Southern on Nov. 1. The purchase price was $307,000. nor Assistant Secretary and Treasurer, Edward L. Tierney. General 955, 956. f507,000 as reported by press despatches. —V. 69, p. ottices. Tremont Building, Boston, Northwestern Elevated RR. of Chicago.— ]\furtgage for The system, it is said, has been installed in Trenton and $5,000,000.—The stockholders will me<:t Dec. 29 to vote on a Newark, N. J. proposition to issue $i,OilO,000 first mortgage bonds on the American Halting Co. Directors. —At the annual meet- proierty now owned or hereafter acquired, the proceeds to ing on Thursday the following new directors were elected: be used for the purpose of constructing, completing, finish- Joseph P Ord, Second Vice-President of the General Elec- ing, improving, operating and maintaining the railroad. The tric Co. : R M. Gallaway, President of the Jlerch ants" Na- new loan will retire the present first mor'gage bonds, which tional Bank; Fred. Uhlmann, and J. G. Jetkins, President were pledged with Blaii Co. last December to secure a loan & of the First National Bank of Brooklyn; J seph J Treacy, of 14,500,000, payable on or before some day in June, 1900. of Jerfey City, and Adam Neidlinger. The directors retir- V. 744. «9, p. ing were: Elverton R Chapman. Grant B Schley, George Pacific Improreiuent Co.—Southern Pacific €n.—To Be Neidlirger, C. M. Warner, of Syracuse, and A. C. Zinn and Wound Up. —The Pacific Improvement Co. (3apital stock, T. H. Hansen, of Mil^^aukee. It is understood that of the $5,000,000), having served its purpose as a construction com- new director« Messrs. Ord and Galloway were nominees of pany, is gradually dosing up its affiirs. The stock is J. P. Morgan & Co. while Mr. Jenkins represents the large all owned by C. P. Huntington, Mrs Leland Stanford, the stockholding interests in Brooklyn and Mr. Uhlmann similar Crocker estate and Gen. T. H. Hubbard, representing the interests in this city. Membtrs of the old board of directors Hopkins-Searlfs interest. For a number of years the Im- who were re-elected are: provement interest in the Company owned a controlling Charles A. Stadler, Seymour Scott of this city, Alexander M. Curtiss capital stock of the Southern Pacific Company : also the bulk of Buffalo, Chas. A. Purcell of Chicago, Robert Nunneoiacher of Mil- of the |;]9,0( 0.000 stock of the Oregon & California RR. and waukee. Charles Sohngen of Hamilton, Ohio, and D, D, Wesohler of unknown amounts ia various other corporations connected Erie, Pa. with the Southern Pacific system.—V. 69, p. 852. On Friday the board organized, re-eleoting the officers who served last year, except that Joseph P. Ord succeeds E. R. Railways Companj General—Philadelphia & Bristol Ry. Chapman as S.-cond Vice-President and Treasurer. No state- —Acquired —Besides the Montoursville Passenger Ry. and ment of operations was submitted, as the fiscal year does not the Milton Lewisburg & Watsontown Electric Ry.. the Rail- end until 31. The action of the directors in authoriz- ways Compiny General has acquired the Philadelphia & Dec. ing an issue of $4,000,00 ) ten-year 6 per cent first mortgage Bristol Passenger Railway, all three properties having been bonds and selling the same to a syndicate headed by J P. purchased from the Drexel estate.— V. 69, p. 907; V. 63, p. 230. Morgan & Co. and the Guaranty Tru^t Co. was approved. Rapid Transit in New York City.—4 Constitutional Bonds Offeie I. —A circular oiffars to the stockho'ders the Amendment. While complete returns of the vote on the privilege of subscribing on or before Nov. 24 to $4,000,000 of second constitutional amendment, providing for the separa- the new bonds at 95 and interest, each stockholder being en- tion of it is the county from the city debt are not at hand, titled lo subscribe to the extent of 15 per cent of his hold- believed that the large majority recorded for the amendment ings. An official statement says: in New York City will counteract any adverse vote in the The mortgage recently authorized is for $.5,000,000, to run 15 years, rural districts. and bears 6 pt^r cent interest. All of the real estate ot the company is Bond Reduced.—The Appellate Division of the Supreme placed under the mortgage, except about $500,000 worth, which it in- Court yesterday granted the application of the Rapid Tran- tends to sell because it is not needed for the purposes of the company. The only Incumbrances upon the property are mortgagee aggregating sit Commissioners to reduce the bond required from the con- $371,000 upon four of the 36 maltinfr plants. Besides those plants, tractors for the underground railroad from 1 15,000,000 to the company owns 38 elevators in Minnesota, Wisconsin, Iowa and $5,000,000. Justice Van Brunt dissented. — V. 69, p. 795. New York States. Since its organization the company has expended $1,300,000 of its Savannah Florida & Western Ry.—Bonds Listed.-The oiiginal working capital of $2,070,000 in paying for additional malt New York Stock Exchange has admitted to the regular list houses and elevators, and has issued $1,940,000 par value of its pre- ferred stock and $750,000 par value of its common stock for the same $664 additional first mortgaa^e 5 per cent gold bonds of purposes. The floating debt, creat«d entirely by borrowing money 1934, making the total amount listed to date $2,444,00J. The to conduct the steadily- increasing [business of the company, is ap- additional bonds were issued to refund a like amount of proximately $3,000,000. South Geo'-gia & Florida bonds, due and paid this year. Be- The sinking fund provision of the mortgage requires that simulta- neously with the dei-laration of any dividend upon the preferred sides the 5 per cent bonds the first mortgaee secures, and Stock a sum equal to one-half of such dividend shall be set apart for the New York Stock Exchange has listed, $4,056,000 of 63.— the purchase of the bonds at the lowest price obtainable, not exceed- V. 69, p. 956. ing 105 and Interest, or they may be drawn by lot at the same price, and all such bonds ehall be canceled. The company has the option of Seaboard Air Line Ry.— Raleigh & Gaston RR.—In- retiriag the entire issue at 105 and interest upon twelve weekb' notice. crease of Stock. —The official notice of the meeting to be held Applications for the bonds must be filed with the Guar- Nov. 29 confirms the list of companies which it is proposed anty Trust Co. and be accompanied by checks for 20 per cent to consolidate with the Raleigh & Gaston (see V. 69, p. 907), of the par of the amount subscribed for. Remaining pay- says the and stockholders will also consider a proposition to ments are 40 per cent on Dec. 1 and 35 per cent on Jan. 15. increase the capital stock of the Raleigh & Gaston RR. from The entire issue has been underwritten, the applications for $1,500.0CO to $75,000,000 (par value of shares Si J) and to participation in the underwriting syndicate being largely in divide said stock into series two or grades. The meeting excess of the amount of the issue. —V. 69, p. 956. will also consider the change of the corporate title of the American Pnenmatic Service Co. Stock Offered.—Ot the Raleigh & Gaston to the 'Seaboard Air Line Railway Co."— 11,350,000 preferred stock (total issue $5,000,000) reservel for V. 69, p. 907. construction, $500,000 is now offered at par ($50 per share), United Traction Co. of Pittsbarg—Consolidated Trac- with a bonus of $25 in common stock with each share of pre- tion Co.—Philadelphia Co.—Pending Consolidation ofFUts- ferred and the right to take a like amount of the balance of hurg Trolley Lines.— Humphries Miller of Pittsburg, in his the issue on the same terms whenever it is offered. The " weekly circular issued Nov. 4, says : We have reason to subscription books will close at 3 p. m. Nov. 15 ; 25 per cent believe that the negotiations for an amalgamation of all the must be paid on application and the balance on or before Jan. traction lines of the cities two and the outlying suburbs are 1. This issue is to defray the cost of constructing a street in active progress. The preliminaries to such a deal are system in Boston.—V. 69, p. 796. numerous and important and the details must all be arranged American Steel & Wire Co.—Steamers.—The Chicago before any announcement can be made."— V. 69, p. 744: V. "Journal" of Occ. 20 said : €5, p. 685; V. 69. p. 852. By its new acquisitions the company will have a fleet of 12 vessels Washington Traction & Electric Co.—Neio Securities In commission May 1 next. They will carry about 7o. 000 tons of iron Ready.—The new first mortgage collateral trust 4J^s are now ore in a single trip, or a little over 2.000,000 tons for the season. Should the anditioual secured, the company will have a being issued in exchange for the intf^rim certificates at the two boats be fleet to carry 2,500,000 tons of ore, which will meet its anticipated United States Mortgage & Trust Co.— V. 68, p. li;28. requirements for next year. It will thus be entirely independent of Western New York & Pennsylvania Ry.—Quarterly.— ii dividual vessel owners. The fleet will consist of the Ave large steamers from the Zenith Transit Co. last for which were purchased Earnings the quarter ending Sept. 30 were: spring, the four 500-foot steamers noiv under construction, the two 3 mos end. Gross Net Other Interest, Balance, new Wolvin boats and the Lirge steel steamer Gilbert.— V. 69, p. 744. Sept. 30. earnings, eornings. income, taxes, etc. surplus. American Glass (o.— Oncers.—This company, 3899 tl,069,337 $3h2,179 $1,'90 $230,130 $153,739 Window 1898 846,896 212,037 32,858 230,458 44,437 controlling, it is said, 85 per cent of the window glass capac- —V. 69, p. 848, 857. ity of the United States, has elected the following directors: James A. Chambers, President; M. K. McMuUln, First Vice-Presi- INDUSTRIAL. GAS AND MISCELLANEOUS. dent; William Loetfler, Second Vice-President; Thomas F. Hart, Third Vice-President; E. J. Phillips, Secretary; W. G. McCandless. Treas- American Cotton Oil Co.—Dividend on Common Stock.— urer; H. B. Siuith, J. G. Savre. S. L, Bodine, F. Hart Given, P. A. B. Widener, W. L. Elkins, H. S. McKee, T. Wrightman and N. T. Depauw. The directors have declared a dividend of 4 per cent upon Prospectus was in Chronicle of Oct. 7, p. 744.—V. 69, p. 796. the common stock for the year ending Aug. 31, 1899, pay- able, together with the usual dividend on the preferred Anniston (Ala.) Electric & Gas Co.—/ncorporafect.—This shares, on Dec. 1, 1899. The first dividend on the common company, with its principal office in the Corporation Trust stock was 3 per cent, paid last December. The annual report Co Building, Jersey City, N. J., has been incorporated at will be found on pages 1009, 1016.—Y. 67, p. 1064. Trenton, N. J. Capital, $250,000. Incorporators: Kenneth Perkins. American Duplex Telephone Co.—Consolidation.—Thia K. McLaren, Wm. H. Brearley, Clifford W. company, with authorized capital of $1,000,000, par $10, has Bay State Gas Co.—Hearing.—The '-Philadelphia News been organized as a consolidation of the American Duplex Bureau" of Oct. 30 gives at considerable lengta the main Co. and the American Hotel Telephone Co. The company features of President Addicks's answer in the stockholders' controls 14 patents, suit against the company, while some of the earlier issues, covering a telephone system. Officei s : facts President, Preston B Mansfield; First Vioe-Preaident, Edward B. notably tbat of Oct. 24, have additional and statements Robinson; Second Vice-President, Oscar G. Barron; Treasurer, brought out at the hearing.—V. 69, p. 697 - — 1014 THE CHKONICLE. [Vol. LXIX. Bear Riyer Irrigation & Ogden Water-Works Co.—iJe- sisting of notes given for purchase of land, brought ^$240,000, ceiver Appointed.—At Salt Lake City od Oct, 30 Judge Mar- and the remainder of the property $800,000. The reorganiza- shall aptointed William Weaver, manager of the Ogden tion, it is expected, will shortly be consummated per plan in Street Railway Co.. as receiver of the Bear River Irrigation V. 68, p. lltO. The sale has been confirmed.— V. 69, p. 593. & Ogden Water- Works Co., to succeed William Adamson English Stamp Duty on Bonds.—Bonds Exempted. The and S. S. Conkling. — "Stock Exchange Weekly Official Intelligence" of London The company was organized in 1895 as a reorganization of on Sept. 16 gave the numbers of certain United States 4s and the Bear Lake & River Water- Woiks & Irrigation Co. Atchison 48 and adjustment bonds for which the Commis- whose bonds were floated in London by the Jarvis-Conkling sioLers of Inland Revenue have accepted payment of the Mortgage Company. The present capitalization is under- amount of stamp duty chargeable and thereby dispensed stood to be, stock $2,400,000, first mortgage 7 per cents, with the necessity for stamping under the Finance Act of 1899. dated 1895, due Jan. 1, 1915 (interest for first three years The same issue of the same paper gave a list of the Nor- payable if earned), |2,500,000.— V. 69, p. 956. folk & Western consol. 4$, Erie general lien bonds and At- Central Oil Co.— Official Data.~-The first dividend 1}4 per chison general mortgage 4s and adjustment bonds, upon cent quaiterly was declared Oct. 9. The listing circular of which the stamp duty has been paid on deposit, pending the the Boston Stock Exchange affords the following : result of an appeal to the courts on the question of their lia- Capital Ptocb authorized 80,000 shares, par value $25; issued and bility to stamp duty on issue. For the present, it is stated, listed, 59,720 shares, or $1,493,000; no bonds. The company con- these bonds need not be stamped if transferred or negoti- trols the Henry Oil Co. and the Fearless Oil Co. (capital stock of ated in the United Kingdom after 1st August, 1899. Should, each $1,000,000). producers of crude i etroleum, mostly In the Sister- vllle Oil disirict in Southern Ohio and West Virginia; and holders of however, the case be finally decided against the Crown, of developed oil leases on 2.698 acres ; undeveloped leases, 4,046 acres; which due notice will be given, the stamp duty deposited daily output, 900 barrels. Someoftheleaseholds are in Indiana. The will be re- paid, and the bonds will then be liable on transfer company was Incorporated April 1899, under the laws of Maine. 11, different It owns 99 per cent of the capital stock of the Henry Oil Co. and 90 or negotiation. Bonds bearing any numbers from per o-nt of the capital stock of the Fearless Oil Co. These concerns those given, and which it is assumed were not issued in the have outstanding no bonds and debts not to exceed $11,000. United Kingdom, are in any event liable to duty on their Directors : -loHiah Q. Bennett, Simon Davis, Harry Diitton. Alfred being first transferred or negotiated here after 1st August, A. Glasler, William L. Henry, all of Boston; Stuyvecant Le Roy, New also 494. York City; Cbarles A. McDonald, Chicago : Gilbert B. Shaw, Chicago; 1899.—See V. 69, p. Geo. R. Sheldon. H. C. Speer. Chicago; J. P. Underwood. Chicago. Erie Telegraph & Telephone Co. Bonds Offered.—In our Officers : President. Alfred A. Glasler; Vice-President, H. C. Speer; Secretary and Treasurer, W. F. Pope. advertising columns are offered to-day at 101 and interest by The company's product, like that of many other concerns, H. W. Poor & Co. of this city and Boston $1,000,000 of the is sold for cash to a tank line company owned by the Stand- Erie Company's 5 per cent gold debenture bonds, due Jan. 1, ard Oil Co. An official statement made by the Hrnry Oil Co,, 1929. Full particulars regarding the company are givtn in covering the period from its organization, Sept. 23, 1892, to the advertisement. —V. 69, p. 957. Sept. : 1, 1898, showed Federal Telephone Co.—Oncers.—The officers of this Total sales to Aug. 31, 1898, barrels, 2,336.942 ; total proceeds of Cleveland enterprise are announced as follows : H. A. Ev- such sale8,$2,149,HgO ; dividends paid (Including that of Oct. 1, 189'»), erett, President; E, Moore, Vice-President; James B. $1,416,089. Dividend No. 1 was paid Nov. 1, 1893, and dividend No. W, 91 was paid Oct. 1, 1898. Hoge, Secretary; John Sherwin, Treasurer. The company of General office Devonshire Building, Boston.— V. 69, p. 543. proposes to unite the independent telephone companies Ohio, Indiana and Michigan. — V. 69, p. 957. Consolidated Electric Co. of Manchester, N. H.—Union Electric Co.—Purchase.—The Consolidated Electric Co. was Fort Wajne (Natural) Gas Co.—Q'as Insvfficient.—A recently incorporated in New Hampshire with capital stock press dispatch says the company has notified its con- of $250,000 (in shares of $100 eacn), the inc rporators being sumers that the recent cold snap indicates that the company Eugene S. Whitney of Mancbesttr, Thomas H. Armstrong of cannot furnish sufficient natural gas for fuel purposes the Waltham, Mass.. and Arthur E. Mason, Franklin L. Joy, E. coming winter. All factories, office buildings and hotels W. Kellogg and Frank E. Brown of Boston. The new com- using gas to heat boilers, it is stated, will be cut off Nov. 10 pany, it is now announced, has acquired the entire capital to protect private consumers. [This company was last re- ferred torn item headed "Central Union Gas Co.," V. 68, stock of the Union Electric Co, , ana is described as a union 186, 379, 822 of that company and the Merrimack Light & Power Co. of p. ] Hooksett "against the field." The intention is said to be to Hamilton (Ontario) Electric Light & Cataract Power utilize the water power at Garvins Falls, twelve miles north Co.—Bonds Offtred.—N. W. Harris & Co. offer, at 104 and of Manchester, for the purpose of supplying electricity for interest, netting about 4% per cent, $750,000 of this com- purposes of lighting, heating and mechanical power. pany's 5 per cent gold bonds, due Oct. 1, 19.^9. the National Trust Co. of Ontario, Limited, Mortgage Trustee. The Consolidated Lime Co.—Pending Consolidation. Arrange- — above bonds are a first mortgage on the following properties ments are being made to unite under this title, with about recently acquired, giving control of the entire electric light- $2,500,01 of capital stock, the leading lime manufacturing ing and power business in and around Hamilton, viz : Cata- concerns in the South. member of the firm of Speiry, A ract Pow^r Co.; Hamilton Electric Light & Power Co.; Jones & Co, of Baltimore, says : Electric Power & Manufacturing Co.; Hamilton Radial "It is true that my Arm and its associates have secured control of Electric Railwav Co. In addition the company has acquired practically all of the lime-producing interest* in the Southern States south of Virginia, except in Texas. They include forty one plants in control of the Hamilton Street Railway Co. and the Hamil- Kentucky, Tennessee, Arkansas, Alabama, Georgia, Florida and South ton & Dandas Street Railway Co. Carolina. The capacity ot the plants secured is about 2,500,000 bar- The capitalization is : Common stock, $1,500,000 : preferred rels a year." stock, $2,250,000 ; first-mortgage 5 per cent gold bond?, pres- The new company will be chartered under the laws of ent issue $750,000. Present annual gross earnings, $192,000; New Jersey and will probably go into full operation on Jan. annual operating expenses, $111,652 ; net earnings, $80,347 ; 1, 19C0. No bonds will be issued, the entire capitalization deduct interest on $750,000 5 per cent bonds, $37,500 ; sur- being common and preferred stock. A. M. Baldwin of Mont- plus, $42,847. gomery, Ala., will be President. Havana-American Co. —United States"'* Havana Cigar Denver Water.— Mecffon.— In Denver on Nov. 7 the tax- Co.— Consolidation.— The proposed consolidaticn under the payers adopted a preposition Ono to issue $4,700 bonds for title of the UnHed States & Havana Cigar Co. has been the purchase or construction of water-works. —V. 67, p. 1055. abandoned, but on Thursday the Havana-American Co., cap- Diamond State Steel Co.—fif^a^u.*?.—Chandler Brothers & ital $10,000,0' 0, filed articles of incorporation at Trenton, Co., of 441 Chestnut Sf., Philadelphia, say: N J., to effect a consolidation, with tne Gato concern left Incorporated in Delaware in May. 1899. Leased the plant of the out. The new plan is being forwarded by the following Diumond State Iron Co., of Wilmington, Del., for 999 years, at an an- houses: nual rental of $40,000, being 4 per cent on the capitalization ($1, Co. Julius Ellinger Co. 000,000) of this company. The Diamond State Iron Co. owned two Seidenberg & Co., Rosener. Arnold & and & f Co., Chicago, 111 ; Hernsheim mills: Diamond State Mill, built in 1853, consisting of one single and f New York City; Eugene Vallens & Trujillo Sons, West, Fla.; eight double puddling furnaces, Ave heating iurnaces and three trains Bros. & Co., New Orleans. La.; D. L. & Key of rolls; Old Ferry Mill, built in 1868, rebuilt in 1891, consisting of Ybor-Manrara Co., Tampa, Fla. single ' ' two and nine double puddling furnaces, nine heating furnaces ' There will be no promotion' and no bankers interested ; and eight trains of rolls. Total annual capacity about 65.0' gross the organization is to be confined to the tobacso men."— V. tons. Of the capital of the Diamond State Steel Co. $600,000 is set aside or the building of the new steel plant, which is now being con- 69, p. 704. strncted, and will be finished and in operation by January, 1900. It Indo-Egyptian Compress Co.—Listed in Boston. —The Bos- is said by one interested In the management of the that the company of operations of the plant of the Diamond State Iron Co. show a net ton Stock Exchange has listed 125,000 shares ($12,500,000) profit for the last two months of $30,000 per month, and that prior to the company's authorized issue of 150,000 shares of capital that time the proflts averaged $25,000 per month. stock; par value of shares, $100. Boston office, 89 State St. The capital stock is $3,000,000; par, $10—paid, $5. H. T. The company owns the right to the Lowry "patents for all Wallace is President; W. E, Boughton. Treasurer; W, H. foreign countries outride of the United States except the Re- Wallace, Secretary. Transfer office. Real Estate Trust public of Mexico. Its territory includes also the West Building, Philadelphia.—V. 69, p. 335. Indies, the Philippines and Hawaii."— V. 68, p. 872. Edison Electric Illuminating Co. of Boston.—Increase of Michigan Telephone Co.—.Earnings. —The earnings for Stock.— The stockholders on Tuesday voted to increase the the six months ending June 30, 1-99, are reported as follows: capital stock bv 3,920 shares, making the total issue $4 312.- Gross, $369,415; gross expenses, including interest. $298,074; 000. The stock is offered to stockholders of Nov. 8 at $175 net earnings applicable to dividends, $71,340. Since Jan- per share. —V. 69, p. 957. uary 1 there has been a net gain of 6.3< 8 subscribers, mak- Ely ton (Land) Co.-Sold. —At the foreclosure sale in Bir- ing the total July 1, 25,360,—V. 68, p. 672. miigham, Ala., on Nov. 6, the property was purchased for Montana Coal & Coke Co.— Listed in Boston.—The 200,000 $1,040,000 by W. H. Halls of New York, representing the shares of $25 each have been listed on the Boston Stock Ex- Reorganization Committee. The dividend trufct fund, con- change. The official statement says : A — — November 11, 1899.] THE CHRONIPLE. 1015 The property is situated at Horr, Montana, on the Northern Paolflc To accept this proposition shares should be properly en- Railway, and consists of about 1,000 acres of land owned in fee and dorsed and delivered on or before Nov. 15, 1899, to Wm. H. about ] ,000 acres leases for long terms from the Northern Pacific Rail- way. About 880 acres of the land Is coal-producing. The sii nation of Hurlev. Jr., & Co., 435 Chestnut St., Philadelphia, Pa.—V. this land la such that it practically carries control of about 2,000 ad- 69, p. 852. ditional acres of valuable coal land. Three veins of coal underlie the land, separated by intervals of from 75 to 120 feet. The two upper Pillsbary-Washburn Flour Mills Co.—New Mill.—The Beams have an average thickness of four feet, the lower seam of company has purchased a stone building at Minneapolis, about three feet six inches. The coking plant consists of 102 beehive ovens, complete and in good repa-r. The coal, though tender, is of ex- formerly a paper factory, for the new mill which the direc- cellent quality and free burning. Improvements estimated to cost tors recently decided to erect. The mill will have a twenty- from $75,000 to $100,000 are expected to increase the capacity to four-hour capacity of about 5,000 barrels, making the total 1,000 tons a day and to decrease the coat of handling. Has paid one capacity of the six mills of the company, when the new mill |! dividend ot 30 cents per share. Balance of quick assets, $159,614. ' Net profit for month of August was $13,762. is in operation, about 35,000 barrels.—V. 67, p. 1307. Joseph is President and Simon H. Stern Vice- , A. Coram Pottstown Iron Co. Reorganization Flan. —The old plan President. office i3 at 60 State Street.—V. 68. p. 724. Boston now revived is described as follows : The second or general mortgage holders charter has been receive new preferred Nashrille (Tenn.) Gas Co.—Charter.—A stock, dollar for dollar, and the so-called third, or consolidated, mort- applied for for this company in pursuance, it is said, of a gage holders, receive 50 p- r cent in first preferred and 50 per cent in resolntion adopted at a recent meeting of the stockholders of second preferred. The note holders get second preferred stock, dollar for dollar and interest. the Nashville Gas Light Co. The capital stock of the new The property is operated under lease . corporation is placed at §1,000,000, in shares of $100 each. by the Glasgow Iron lacorporators: Co. of Pottstown. for one-half the profits, which for the late I year are reported to have been $250,000.— V. 69, p. 964. ' FThoa. H. Malone, B. F. Wilson, Joseph H. Thompson, A. H. Robin- son, Thos. J. O'Keefe, Jas. B. Richardson, W. R. Cole, D. S. Williams Pure Milk Co —Proposed Organization. —At a recent and J. H. Fall.-V. p. 593. 69, meeting of the Five States Association producers, at Bing- National Glass Co. Tableware— Consolidation.—P?anfs hamton, the sales committee reported that this company Included.— The new company takes over the baeiness of the proposes to issue $30,000,000 of stock in shares of $100 each, of which lOJ.OOO shares 7 nineteen constituent concerns as of Nov. 1, The " Daily to be per cent preferred. About " 50 per cent of the milk sent to New York from places within lotelligencer of Wheeling, W. Va , says: "The details of the consolidation have just been officially made public, and a radius of 100 miles is said to be controlled by the Fire States if show that it is stronger than supposed, notwithstanding the Association, and the plan goes through will be han- withdrawal of the United States Glass Co. The combination dled by the Pure Milk Co. under a five years' contract with embraces nineteen firms with a total capacity of 678 pots, the farmers. To ensure permanent co-operation it is pro- which show an earning during the past year, by sworn state- posed to require the farmers to take part payment for their milk " ment, that will pay the interest on the new company's bonds in preferred stock. American Agriculturist " says : and 10 per cent on the stock issued. There is not a particle The milk for any given month is to be paid for on the 10th of the following month, and to ensure this the company agrees to deposit of water in the stock, the factories having been taken in at with a trust company of this city $2,500,000. During the first two their appraised value, which amounts to |4 000,000. The years of the five years' contract the oompanj- is to deduct one-quarter deal was financed by Whitney & Stephenson, assisted by the per cent per quart on milk received, and apply this money in payment Union Trust Co. and T. Mellon & Sons, bankers, of Pittsburg. of preferred stock. A farmer shipping three cans a day would thus have $109 50 deducted every year for this purpose. "The nineteen companies included in the combination, The names of the men back of the Pure Milk Co. do not with the pot capacity of each, are stated as follows : appear.—V. 69, p. 854. "Canton 'Glass Co., Marion, Ind., 30; Central Glass Co., summers vllle. Ind , 17; Crystal Glass Co., Bridgeport. O., 49; Cumberland Rotary Ring Spinning Co.—New Enterprise.—Th\a com- Glass Co.. Cumberland, Md., 14; Greensburar Glass Co., Gr^ ensburg. pany was recently organized in Delaware with stock of Pa., 23; Indiana Tumbler & Goblet Co., Oreentown, Ind., 38: Model $5,000,000 and offices in process of Glass Co., Albany, Ind., 29; McKee & Bros., Jeanette, Pa., 117; Boston to develop a new Northwood Glass Go., Indiana, Pa.. 20: Riverside Glass Co., Wells- ring spinning and twisting which, it is claimed, will largely burg. W. Va , 16; Robinson Glass Co., Zanesville, O , 15; Royal Glass increase the production of cotton mills. It is said the com- Co., Marietta, O., 20; West Virginia Glass Co., Martin's Ferry, O., 24; pany has secured the allowance "of very broad claims in its Rochsster Tumbler Co., Rochester, Pd., 95; Keystone Tumbler Co., application for letters patent of the United States." The Rochester, Pa , 42; Dalzell, Gilmore & Leighton, Findlay, O., 35; Beatty-Brady Glass Co., Dunkirk, Ind , 54; Fairmont Glass Co., Fair- Draper Company of Hopedale has the contract for manu- mont, W. Va. 12; Ohio Flint Glass Co., Lancaster, O., 28. facturing and introducing the rings. "There are eight concerns on the outside with a capacity of Officers:—President, Joslah Quinoy of Boston; Treasurer, John 280 pots, viz: Brooks; Secretary, James W. Cumnock, Treasure of the Manchester mills; Directors include Gen. William F. DrapT, United States Ambas- "United states Glass Co., Pittsburg, 150 pots; Tarentum Glass Co.. sador to Italy, of Hopedale; William M. Wood, Treasurer of the Tarentum, Pa., 14; George Duncan's Sons & Co., Wast'ington, Pa., 16; American Woolen Company; J. Howard Nichols, Treasurer of the A. H. Heisey & Co., Newark, O., 14; Bryce, Higbee & Co., Homestead, Dwight Manufaoturing Co., and William B. Plunkett of Adams. Pa, 24; Bryce Bros , Mt. Pleasant, Pa , 24; Central Glass Co npany. Wheeling, Va., 12; Bonita Glass Company, Cicero, Ind., 26. Permanent stock certificates are being exchanged for the temporary receipts at the office, 50 State St., Boston. " The plants taken into the combination are all operating at present, excepting the Robinson, at Zanesville, Ohio, and Rubber Goods Mannfactnring Co.—Ameriran Bicycle the factory of the Qreensburg Glass Company, at Greens- Co. Deal Consummated. —The negotiations between these burg, Pd., both of which will be started as soon as repairs companies, alluded to last week, have been successfully con- are made. It is the company's purpose to curtail operating cluded, and the latter has sold to the former a controlling in- expenses to the lowest possible notch by the introduction of terest in the stocks of the Hartford Rubber Works Co., the machinery and along other lines, and a determined effort Peoria Rubber & Manufacturing Co. and the Indianapolis will be made to increase their export trade. An office is to Rubber Co., as well as the rubber manufacturing plant of be established at once in London, and later on sample rooms the Indiana Bicycle Co. These plants, in addition to those will be opened in other important foreign cities. The main already owned by the Rubber Goods Manufacturing Co., office will be in Pittsburg." give that company a leading place among tire manufacturing The officers are : President, H. C. Fry; Vice-President, companies in the United States. The American Bicycle Co. C. J. Bockius; Secretary, Addison Thompson. The Board of will receive in payment a considerable amount, available as Directors consists of the above-named gentlemen in connec- working capital. With the several companies purchased tion with D. C. Jenkins, A. Hart McKee, W. J. Alford, L. A. there passes to the Rubber Goods Manufacturing Co. the Fletcher and A. L. Strausberger.—V. 69, p. 593. control of a large number of patents on rubber tires and other rubber bicycle parts, thus removing the danger of pat- New Orleans Brewing Co.—New Securities Eeady.—The ent litigation.—V. 69, p. 964. new shares are being issued in exchange for the trust certifi- cates ir^ued by direction of the committee of reorganization San Antonio (Tex.) Gas Co.— Southern Light & Traction of the New O leans Brewing Association. R. B. Rordam is Co. Adverse Decision, —At Houston, Tex., on Nov. 2, Judge Stcretary.—V. 69, p. 909. W. S. Ely of the Fourth State Court of Civil Appeals ren- dered an opinion affirming the judgment of the lower court New York & Hoboken Ferry Co.—First Dividend.— and forfeiting the charter of the San Antonio Gas Co. be- quarterly dividend of 1 per cent has been declared payable cause that company is a member of a local combine to con- December 1 to stock of record November 22.—V. 68, p. 130. trol the lighting of San Antonio. The decision says : OshkoshCWis.) Gas Light Co.—SoW.—This property, the If the combination was made and its object was In restraint of trade and to create a monopoly, the statute denounces it, no matter if the only gas plant in the city, is reported to have been sold to result of the combination may be the temporary reduction of prices. Edgar P. Sawyer, son of former Senator Sawyer, for a The Southern Light & Traction Co. was organized on Sept. price supposed to be about $150,000. At one time there was 6 under the laws of New Jersey, and recently issued, through outstanding $75,000 each of stock and bonds. Emerson McMillin & Co., its collateral trust gold 58, due Pennsylvania Natural Gas Co.—Philadelphia Company. 1949 (interest M&S) secured by deposit of securities of the local companies, including, with perhaps —Exchange of Stock. — Pbe stockholders' committee of the light and traction others, the . the San Antonio Edison Co., Pennsylvania Natural Gas Co (viz.: Wm. H. Hurley, Aaron San Antonio Gas Co and the Antonio Street Railway Co. The total amount Fries, Henry Lewis, Wm. H. Hurley, Jr., John B. Morgan San is $2,500,000. Mort- and E D. Smith) has issued a circular unanimously recom- of bonds authorized under the mortgage The bonds are dated mending the acceptance of the following proposition: gage Trustee, Continental Trust Co. Sept. 1, 1899, and are subject to call at 105. See plan in V. For the exchange of stock of your company for that of the Philadel- 68, p. 674; V. 69. p. 542. phia Company of Pitt>burg, at the rate of three shares of the stock of the Pennsylvania Natural Gas Co. for one share of stock of th« Phila- Slielby Iron Co.—First Dividend.-The company has de- delphia Co., which company, as you know, is now operating the prop- erty of your company und^r a contract which expires in May, 1907. clared a dividend of 5 per cent payable Nov. 15 at office of This proposition will remain open until Dec. 1, 1899, but no longer. W. S. Gumee, Jr., & Co. : 1016 THE CHRONICLR [Vol. LXIX. Southern New England Telephone Co.— Bonds.—The company has recently sold $50,000 first mortgage bonds, making the total amount outstanding $750,000. The recent issue was sold at 120-43.—V. 68, p. 328. Standard Oil Co. of New Jersey.— Diindend.—A dividend THE AMERICAN COTTON OIL COMPANY. of $10 per share is announced, payable Dec. 15. The liqui- dating trustees of the Standard Oil Co. have declared the regular quarterly dividend of 3 per cent and an extra divi- TENTH ANNUAL REPORT—FOR THE FISCAL YEAR dend of 7 per cent, payable Dae. 15. —V. 69, p. 745. ENDING AUGUST 31. 1899. Storage Power Co.— Prospectus. —This new company, of which Henry L. Sprague, of Stetson, Jennings & Russell, Executive Offices, 27 Beaver Street. } is President, proposes under its patents to utilize superheated New York, November lltb, 1899. C water as a storage power medium in connection with the To lln Stockholders vf The Americcn Cotton Oil Ccmpany • propelling both of railway locomotives and trucks and de- livery wagons. The prospectus saye: The Directors submit herewith their Tenth Annual Re- port and Statement of Accounts for the fiscal year ending The enormous loss of initial condensation from using steam is largely saved when superheated water is vaporized in the engine. The appar- August 31st, 1899. atus for generating superheated water is simple and may be cheaply SHARE CAPITAL. established in an^ ordinary mercantile establishment. It consists of The amount of the Capital Stock, issued and outstanding, a numher of upright steel tubes joined in a manner to permit of per- fect freedom of expansion, verfect Impineement of the heat, and per is unchanged, being: Common Stock, $20,237,100: Preferred feet natural circulation of the water. The tanks carried on the vehicle Stock, $Usl98,600. or car may be filled in one or two minutes from the stationary gener- DEBENTURE BONDS. ator. They are protected from radiation by a peculiar coveiing. From a single 1,000 pounds of this water the Inventor bas been able The total amount of Debenture Bonds outstanding is to ntilize 350,000 available beat units, an almost costless power when $3,068,000. These Bonds mature November 1st, 1900. compared with electric storage. F' r delivery wagons, 300 pounds of storage water, which can be taken into the tank in about one minute, ALL PROPERTIES FREE FROM LIEN. would be sufficient to make a trip of twenty-five miles. All the properties of the Organization are absolutely free A heavy railway car, the prospectus states, has already from mortgage or other lien, and there are no liabilities for been running on the New York Central Railroad at a speed loans or Bills Payable, except for Debenture Bonds as of over twenty-five miles an hour, with such satisfactory re- above stated. sults that the company is now producing for that road a new PROFIT AND LOSS. apparatus, which will produce much greater power and The Profits for the year amounted to $1,883,254 58 speed. Soon after Jan. 1, 1900, it is expected that the first Deduct Debenture Interest 245,4 40 00 practical auto-truck ever seen in the streets of New York Net Profits $1,637,814 58 will be exhibited . The high pressure employed requires the Deduct: use of a valve mechanism different from that employed on Dividends on Preferred Stock, 6% per steam locomotives. annum $611,916 00 Dividend on Common Stock, 4% fe 09.484 00 Directors. —The following directors are announced: 1,421,400 00 Henry L. Sprague, Dr. W. Seward Webb, William L. Bull, Andrew G. Blair, Frederick NicholU. Nathan 8. Guilford. Frederick B. Jen- Balance carried to General Profit and Loss Accoimt $216,414 58 nings, Alfred G. Ames. J. Wesley Allison, Edward Barr and William E. Prall. PERMANENT INVESTMENT ACCOUNT. The company was incorporated in West Virginia in 1898 This Account has been charged with the sum of $201,473 73 with $5,000,000 of authorized capital stock, all common. for additions to the properties, such as: Seed Hous»es and Telephone, Telegraph & Cable Co.—Incorporated.—This Scales; Warehouses for Products; Barges; Cotton Ginner- company was incorporated at Trenton, N. J., on Nov. ies; Extensions to Refineries and Soap Plants; Refrigerating 9, with an authorized capital of $30,000,000. Incorpor- Plant ; Storage Tanks : New Laboratories ; Automatic ators: Wm. J. Latta and Martin Maloney, of Philadelphia, Sprinklers, and other improvements incidental to a rapidly and James E. Hayes, of Camden. N. J. Of the capital stock increasing business. 10 per cent is reported paid in. The following are proposed The Account has been credited with sales of Dormant as directors: Properties and Machinery amounting to $118,405 78. John Jacob Astor, Peter A. B. Widener, Michael Maloney. Charles E. The net result is an increase to Permanent Investment Flint, Francis M.Jenks, Thomas Dolan, W. I. Elkins, Frank Tilford, Account of $83,067 95. Emerson McMilUn and W. H. G^lshenen, of this city; Charles E. Adams, Oakes Ames and J. T. Holbrook, of Boston; former Governor REPAIRS AND MAINTENANCE OF PROPERTIES. David R Francis, of Missouri; AV. J. Latta, of Pailadelphia, and W. H. Crocker, of San Francisco. The active properties have been maintained during the year the expenditure of $353,23*i 03, has been President Latta says: "The main object 'of this company past by which Cost of for the period. will be the extension and perfection of the long distance charged to Manufacturing fame is 53 less for the preceding year. telephone service throughout the country and in a secondary This $19,711 than way the lehsening of the rates. We shall undoubtedly ab- INSURANCE. sorb a number of smaller companies and create new ones, All the properties, the stocks of raw material and finished but we shall neither absorb nor have any connection with products are fully insured. the Western Union Telegraph Co,, nor will Mr. G-eorge WORKING CAPITAL. Gould be interested in the concern. No stock will be put on the market for public subscription. It is all fully subscribed The Working Capital and Surplus of the Company on for, about fifty men of whom the board of directors are a re- August 31st, 1899. was $4,917,025 97, of which $1,509,018 94 0(j7 03 Bills presentative number holding it all. Oar plans are all com- was Cash in Banks, and $3,408, was and Accounts pleted and we shall begin operations at once." Receivable, Marketable Products and Supplies. Toledo Gas.—ro Sell City Plant.—The Board of Aldermen of Toledo have passed over the veto of Mayor Jones the prop- CAPITAL, LIABILITIES AND ASSETS AUGUST 31, 1899. osition to sell the city gas plant. Tiie vote was 11 to 2. —V. Capital : 1026, Common Stock $20,237,100 00 68, p. Preferred Stock 10,198,600 00 Trackee River General Electric Co.—Contracts.—The Total Share Capital $30,4S5,700 00 company, it is stated, has acquired title to four miles on both Debenture Bond? 3,068,000 00 sides of the Truckte River and will erect a large power plant $33,503,700 CO near the California line not only for the operation of the Current Liabilities: Comstock mines, but also to supply electricity in Reno, Bills Payable None. Commercial accounts. $536,219 28 Carson City, Virginia City, etc. Thus far, it is stated, Interest accrued upon Debenture twenty-seven mining companies, owning properties in Storey Bonds one month, to August 31 20,453 33 County, Nev., and embracing 90 per cent of the Comstock Preferred Stock Semi-Annual Dividend No. payable Decemner 1, 189.4.. 305,958 00 group, have contracted for electrical power, rate, 16, the $7 per Common Stock Dividend, payable horse power, being a great reduction as compared with the December!, j899 809.484 00 present cost of power. Directors, etc. 1,672,114 61 President, Mortimer Flelshhacker; Vice-Presiilent, S. D. Rosenbaum; Total $35,175,814 61 Secretary. Herbert Flelshhacker; and Allan PoUok, Frank H. Buck and A. J. Hechtman.-V. 69 p. 230. Assets: United Frntt Co.—Loan to Pay for New Acquisitions. — Real Estate, Buildings. Machinery, Ac. The "Boston News Bureau says : based on the valuation August 31, with subsequent additions $11,435,548 43 In the securing of control of the business of the Blueflelds Steam- 1892, Cash in Banks $1,509,0'894 ship Co., Comers & McConnell, Comers A Weinburger and Orr & lis and Accounts Receivable 1.720 908 51 Lambenheimer recently, the United Fruit Co. did not Increase its cap- B Marketable Products, Raw Materials ital stock, which stands at about $ll,O(i0,000. A Boston syndicate fur- Supplies on available in nished about $3,000,000 for the purchase of control of these conct jSovkmbbr 11, 1899.] THE CHRONICLE 10^7 GENERAL PROFIT AND LOSS ACCOUNT OF ALL THE and valuable proprietary brands and trade marks, and in a PROPERTIES AUGUST 31, 1899. large and comprehensive business of National importance. OR. It will be gratifying to the Stockholders to learn that the Balance of General Profit and Loss Account August foreign and domestic business in Cottolene and Soaps is Report $6,253,000 71 31, 1898, ae per Ninth Annual continually growing in importance. Although the volume Deduct - „. „., -„ Difference resulting from sale ofproperties 25,6>10» of business in these goods—sold under special Brands and Trade-Marks—is already very large, yet with close atten- 63 $6,227,329 tion from the management the possibility of lurther de- Profits of the Manufacturing and Com- mercial business of this Company and of velopment is practically unlimited. the Corporations in which it is inter- A commercial company with ample capital, thorough ested, for the ypar ending August 31, organization, economical administration, and a modern and 1899, after (harging all expenses of Manufacturing and Operation, Repairs efficient plant producing at a minimum cost goods which of Buildings and Machln»-ry, Bad and are largely and generally consumed, cannot fail to be suc- Doubtful Debts, Expenses of Adminis- cessful. Under such conditions the Stockholders are war- 58 tration, etc $1,883,254 future with confidencf-. Deduct— ranted in looking to the Interest on Debenture Since the p-riod covered by this report the business of the Bonds, at 8% per annum. $245, 440 00 Company has been satisfactory, and the entire stock carried Semi-Annual ()ivideiids on over has been sold at a profit. Preferred Stock — paid results of year's is June 1, 1899, 3% 305,953 00 Much credit for the the business at- Payable Dec 1.1899,3% .. 305,958 00 tributable to a perfected organization and to the loyalty, Dlvldendon Coramon Stock, ability and zeal of the Officers and Employes. payable December 1, 1899, 4% 809,484 00 For the Board of Directors, 1,666,810 00 GEORGE A. MORRISON, Chairvian. Balanoeto Credit 216,414 58 Balance of General Profit and Loss Ac- count August 31, 1899. $6,443,744 21 Union EleclricCo. of Seattle, Wash.— ^onis ( ulled.—The entire issue of $500,000 first mortgage bo'ds will be re- deemed at the Guaranty Trust Co. of New York on Jan. Ist, 1900, at 105 and accrued interest, after which date all inter- The Board of Directors at the regular monthly meeting est will cease. E. C. Kilbourne is President. held November 6th, after declaring the Sixteenth Semi- Annual Dividend upon the Preferred Stock, authorized the United Gas Electric Light & Fuel Co.—Purrhase.—This distribution of $"<0y,484 00 to the holders of the Common company, capital stock $150,000, is understrol to have pur- Stock, being 4 per cert, both Dividends payable December chased the Fv^rt Edward (N. Y.) Electric L-ght & Power Co. 1899. 1st, United States Cast Iron Pipe & Foundry C».—Fcrst Divi- Having ample working capital and the highest credit, dend. —The company has declared a quarterly dividend of 1% the management have confidence in distributing to the per cent on the preferred stock. The balance sheet of Sept. Stockholders a liberal proportion of the net profit?. 30 is given under the heading of "'Annual Reports."— V. 69, tinder the provisions of the statutes of New Jersey, no p. 757. Dividend can be set apart or paid upon the Common Stock for any year until the fixed Dividend shall have been set United States Iron Co.—American Steel & Wire Co.— apart and paid for that year upon the Preferred Stock. Purchase. —A press dispatch from Nashville. Tenn., says that This provision is well adapted to the business of your the United States Iron Company has purchased : Company, which is on a yearly basis. The annual supply The entire assets of the West Point Mininer Co., which practically of raw material—Cotton Seed—has to be secured within a controlled the brown ore fields of Northern Alabaoi.* and Southern Tennessee, the persoi al property belonging to J. King MoL,Hnahan of of four or five ; consequently the cy«le period months must Hallidaysburtf, formerly opera'ed at Pinkney, Teiin., together with be completed and the finished products marketed before I)ropertiea at RussellTille, Ala.; properties in the West Point (Teijn.,) the net profits for the year can be determined. district, aLd also properties in Eastern iHabama north of Anniston. Tbese properties aggregate about 6,000 acres of land, ou which it is The Debenture bonds mature November 1st, 1900. They eirtimated there are some millions of tons of ..brown hematite ore were issued to give the Companv additional working capital averaging 52 per cent metallic iron. Of the original $4,0 0,000 of Bonds, S932,(i00 have been paid Tbe officers of the United States Iron Co. are J W. Gates, off and canceled, and in due sea-on the remaining $3,' 68,<)o0 Piesident; C. G Gates, Treasurer; Executis^e Committee: can be refunded at a greatly reduced rate of interest, Wiilitm Edenborn, J. W. Gates and Col. I. L Ellwood. resulting in an important saving in the fixed charges of the Mr. Gates is the President of the American S.eel «fe Wire Company. Co.-V. 69, p. 909, 744. The past year has not been a phenomenally good one for the Cotton Seed Industry. Although the crop was the United States Printing Co. Listed in Cincinnati.—The largest on record, it was harvested under adverse climatic Cincinuati Stock Exchange has listed the compauy's |3,600- conditions, and much of the Seed was delivered at the mdls 000 stock par $l(iO. The dividend rate is 4 per Crnt per in a damaged state. It was only by intelligent handling, annum, payable Q M. The regular quarterly dividend of 1 with the aid of superior mechanical appliances, that this per cent and an extra 1 percent are payable Dec. 15, 1899. material was converted into marketable products with raw United States Steel Co.—Prospectus.—Thi^ company, profit to the Company. recently incorporated, it is expected will erect a plant in the Unlike other industries, the profits many of the cotton-oil vicinity of the New England Gas & Coke Company's works business have not been stimulated during the past year by at Everett, Jdass., and will utilize the gas of that CMm^iany an abnormal rise in the value of the products. This is not tor the conversion of scrap steel into what is called Jupiter to be regretted, as excessively high values are always a steel, at a cost, it is claimed, of 75 per cent less than by the use menace to permanent success, and, if prolonged, tend to of oil. The prot pectus states that by melting the ecr^p steel diminished consumption and to over-production. in cruciblrs with certain ingredients it is con verted into steel The low prices prevailing for cotton-otl products, as com- not only of its original value per pound, but also in any de- pared with competitive goods, have enabled the Company to sired shape, thus saving the cost of machine or drop forging. greatly extend its business by finding new markets and —V 69, p. 9 9. uses and to show an increase of 12 per cent in quantity and United Telephone Telegraph Co.—Pr posed Consolida- 16 per cent i value of sales over the large business of the & preceding year. tion. —This company has been organized by Bal'imore men under the laws of with capital of |5,00ii,000, to The contit ued and permanent success of your Company New Jersey, Telegraph of Balti- can most safely be secured through a large volume of busi- absorb the Maryland Telephone & Co more and the Pittsburg Allegheny Telephone Co. of Pitts- ness at reasonable prices and moderate profits. These con- & burg and to connect various cities by a long-distance service. ditions are clearly for the best interests of all concerned Incoiporatois, Alexander Brown, H-nry A. Parr, Thomas J. Planter, Manufacturer and Merchant—and greatly assist in establishing supremacy in the markets of the world. Haywood, L. Dalies Warfield and James Bond, all of Balti- The export business of the Company during the past year more, and John Headdon of Jersey City. has amounted to more than nine million dollars, being an Wheeling Consolidated Coal Co.—New Company.-Tliis important item in the distribution of the surplus production new company, whoEe capital stock is % > OOO.Otiu, controls of this country. 40 0^0 acr^s of coal land in Ohio, and M of value and efficiency or so thoroughly equipped to do a large David Bennett King of New York. Presiiient ; Jere A. Miller, Cashier business. Since the last valuation ol real estate, buildings of ilie Bank of the Oliio Valley of Wheeling, Vice-Pi-esldent ; John M. Birch, Heiretary and Treasurer; and W. H Hearne 1018 THE CHKONICLE. [Vol. LXIX. ^Ix^ ^otnmzxcml %xmzs. COTTON. Friday Night, November 10, 1899. The Movement op the Crop, as indicated by our telegrams COMMERCIAL EPITOME. from the South to-night, is given below. For the week ending this evening the total receipts have reached 262,391 bales, Friday Night, November 10, 1899. against 234,990 bales last week and 244,435 bales the previous The local elections held on Tuesday in this and a number «veek, making the total receipts since the 1st of Sept., 18S9^ of other States had a tendency to temporarily interfere with 3,288,178 bales, against 3,175,605 bales for the same period of business. At the close, however, a good general demand was 1898, showing a decrease since Sept.l, 1899, of 887,427 bales. reported in practically all lines of seasonable merchandise, with prices firmly maintained. The upward tendency to Rteeiptt at— Sat. Mon, Tue$. Wtd. TKart. Fri. Toiai. values for coffee, based on the large consumptive demand, Gtalveston 8,166 23,538 13,584 14,559 10,600 19.342 89.789 has continued, and early in the week there was a fairly sharp Tex. City, &o. 3,647 3,647 advance in cotton "'open-door" on European buying. The New Orleans. 15,136 11,478 9.202 11,675 5,440 11,338 64,269 policy in latterly considerable at- the Far East has received Mobile 1,141 1,328 2,360 572 261 126 5,788 tention, that negotia- and latest advices from London report Pensaoola, &o. 2,714 2,714 tions between Great Britain, United States and China have tiavannali 6,61o 5,285 7,615 7,404 5,559 8,030 40,511 * " resulted in an agreement to maintain the ' open door in Brnn8w'k,&o. 2,514 2.514 China. Negotiations are reported under way for a commer- Charleston 376 1,286 688 1,439 1,745 2,390 7.924 cial treaty between the United States and Germany. Ad- Pt. Royal,&o. 208 208 vices from Berlin report that sentiment there is strongly in Wilmington.... 2,835 2,409 3,592 2,576 2,462 2,394 16,268 favor of the same. The Samoan question is reported settled, Wash'ton,&o 47 47 and rumor says that the United States Government has be- Norfolk 3,177 3,342 4,184 3,430 2,398 2,336 18,867 come possessed of part of this group of islands. N'p't News, 326 326 Lard on the spot has continued to meet with a slow sale &o ...... York and prices have weakened slightly, closing at 5"45c. for New 1,029 852 1,981 prime Western and o'15c. for prime City. Refined lard has Boston 293 139 Ill 5S3 394 217 1,903 been quiet but prices have held steady, closing at 5-b5c for Baltimore .... 4,698 4.698 refined for the Continent. Speculation in lard for future Phlladel'a, Ac. 273 447 216 49 52 1,037 delivery at the Western market has been dull, and under Tot. this week 38,015 49.252 41,502 42,454 29.937 61,231 262 391 moderate offerings and absence of aggressive buying, prices have weakened slightly. The close was quiet. The following shows the week's total receipts, the total since Sept.l, 1899, and the stock to-night, compared with last year. DAILY CLOSING PRICES OF LARD FUTURES. Sat. Mon. Tues. Wed. Thura. Fri. 1899. 1898. Stock. November 550 5-50 Holiday. 5-50 5-45 5-45 Ueceiptt to Thi$ Since Sep. This Since Sep. The demand for pork has continued quiet but values have Nov. 10 1899. 1898. week. 1,1899. week. 1, 1898. held fairly steady, closing at $9 25@10 00 for megs, $11 75@ 12 25 for family and $10 75@12 00 for short clear. Cue meats Galveston. . 39.789 743,615 108,817 997.591 197,496 357.838- have had a moderate sale, but at slightly easier prices, clos- Tex. C.,<&o 3,647 11,683 9,386 18,207 ing at &%@lc. for pickled shoulders, 9@l0c. for pickled New OrleanC' 64 269 572.745 103,811 666,571 288.597 277.2 5 hams and 63^@7c. for pickled bellies, 14@10 lbs. average. Mobile 5.788 66,922 17.487 112,324 38,394 34,628 Beef has been in fairly active demand and firm, closing at P'sacola, &o. 2,714 31,309 9,4=il 50,980 , $10 50 for mess. $1150@12 00 for packet, $12 50@13 00 for davaonah. 40,511 395,360 61,476 510.090 123.768 170 505 family and $19 00 a; 22 00 for extra India mess. Tallow has Br'wlck, November 11, 1899.] THE CHRONICLE 1019 In additlou to above exports, our telegrams to-night also FUTUKES.—rhe highest, lowest and closing prices of give us the following amounts of cotton on shipboard, not Futures at New York are shown in the following table. cleared, at the ports named. We add similar figures for a > 'J !- 2 > 2 "^ t 2 New York, whioh are prepared for our special use by Messrs. i' QW2 CI08 EBK ClOB Ran Ran ABC Cloa Ran Lambert & Barrows. Produce Exchange Building. ogo og2©g5ogKOS7'og2 E d £ pr 3: P '•f,. OS P „ :j 1 @) €avanna]i Kone. None. 10.000 None. 10,000 113,768 1 €) 1 ^ 1 ® 1 ® @ ® © @ © © ©© Charleston... None. None. 7,000 23,405 a. 5,000 2,000 a- co*>- CO**. wco tOiC" ccco COCO t CO to to s 14,.=^ Norfolk 3.500 None. 1,000 10,000 00 26,034 if^O oo» -J CO CDiC- 00 CO .'•> Total 1897. 130,367 62,062 130,488 31,110 354,027 567,478 00 M It^lo' «, if^K^ l^)C^ iP'l^' lf>'|t>. C0i5 COM 00 to coco rc r-'Oi coco 0*^ Cnw iC l-i fCfO OQD W05 Speculation in cotton for future delivery has been active ;3 and prices advanced sharply earl}' in the week. The removal HOLIDAY of all possibilities of a late top crop of importance by the a. killing frost experienced in the cotton belt at the close of a last week and the continued light movement of the crop had a decidedly bullish effect in Europe. The Continent was v,<| ' . 1 1 @ ® 1 ^ 1 ® 1 ® © § & S' 1 S) 1 © S-© in another large crop, and they, too, bought to cover their <, <,^ 05 05 05 05 --ra 0:05 0:03 Oi05 WW WW in Liverpool and the local market was quiak to QOO (-• 00 CO tot- tcco OC'JD CICO 1^1^ CO <1 follow . in fact, with the upward turn to values O-q •^ . 1 1 e) 1 Both exporters and the England spinners have been Q) ^ 1 @ ^ 1 Q) 1 @ ^ @ @ © 1 © a. New a heavy buyers, paying the full advance, at which holders of a< oso €) 1 1 1 ^ 1 ^ 1 ® 1 €D 1 S 1 @ 1 © 1 © 1 © 1 © © and prompted free selling by longs to realize profits. The <« *^ ^ <" *^ "^ *^ "^ "^ ^ ** -? 1 report really stated that after a most thorough investiga- 1 1 1 1 1 1 1 1 1 1 1 ' ' ' ' hi M ' BUddUng.. , •fa She 8 Egypt, Brazil.&c, aflt.for E*pe 67,000 48,000 2,000 68,000 Good Middling.. 83,8 838 86t« Stock in United States ports.. 911,234 1,136,093 921,505 1,092,814 Middling Fair... 89,8 838 SiSifl Stock In U. 8. Interior towns. 694,662 625,676 442,355 498,286 United States exports to-day. 47,691 63,816 26.-^02 46,787 STAINED. Sat. Men Tnes Tk. Frl. Wed Total visible supply 3,466,787 3,864,785 3,002,.'>62 3,358,087 Low Middling 61,8 6l6 6I4 6i« Of the above, totals of Amertoan and other descriptions are as follows: Middling 71,8 718 Holi- 714 7ie American— Strict MlddUng 738 day. 79,8 7i« 738 Liverpool stock bales. 650,000 611,000 341,000 407,000 Good Middling Tinged. 79,8 788 7:3,e 7% 788 Continental stocks 386,000 200,000 171,000 205,000 American afloat for Europe... 581,000 1,028,000 887,000 821,000 The quotations for middling upland at New York on United states stock 911,234 1,1 36,o93 921.505 1,092,814 United States interior 694,662 625,676 442,355 458,286 Nov. 10 for each of the past 32 years follows. stocks. have been as United States exports to-day.. 47,691 63,816 26,502 46.787 1899. ...o. 788 1891. ...0. 8H 1883....o.lOia 1875. ...0.135,8 Total American 3,270,587 3,66i,5a5 2,789,362 3 030,887 1898 55, fc 1890 988 1882 101,8 1874 1488 Satt Indian, Srasil, rfc— 1897 S'e 1889 lOk 1881 lisg 1873 ]4i8 Uverpool stock 80,000 81,000 88.000 118,000 1896 She 1888 10 1880 1016,8 1872 19i« Londonstook 2,000 5,000 3,000 8,000 1895 8% 1887 107,6 1879 II89 1871 181a Continental stocks 43,200 53,200 40,200 84,'.00 1894 58s 1886 9»8 1878 9&,6 1870 16 India afloat for Europe 4,000 13,000 10,000 49,000 1893 85 6 1885 9% 1877 Ills 1869 .25 Egypt, BrazU, Ac, aifloat 67.000 4^,000 72,000 68,000 1892 8^8 1884 10 1876 123ie 1868 2413 Total East India, Ac 196,200 200,200 21 ,/00 327.200 Total American 3,270,5x7 3,664,'i8°» 2,789.3b2 3,030,887 MARKET AND SALES. Total visible supply 3,4Bt>.787 3,864,785 3,002,562 3,358.087 Middling Upland, Liverpool.. 43i6d. 3d. 3 32d. 4i832d. Sales of Spot & Oontbao Middling Upland, New York.. 7^0. 56, go. 5'80. 8o. Spot Market Futures eiigd. Mabket Egypt Good Brown, Liverpool 4^i d. 488d. 6d. Closed. Ex- Oon- Oon- Peruv. Rough Good, Liverpool 738d. 6^d. 6i4d. 65, d. Closed. TotaL port. sump. tract. Broach Fine, Liverpool 414I. 3>4d. S'lfid. 438d. Tlnnevelly Good, LlverpooL.. 4d. 3d. 358d, 43gd. Batnrday.. Quiet iEasy. 142 142 into Continental ports the past Monday.. iQuiet at i,e adv. Very steady. 824 200 1,024 ^W The imports week have Tuesday...] , Holi day . . been 77.000 bales. Wednesday,Steady atSj^ad.Firm 841 841 The above figures indicate a decrease in the cotton in Thursday.. .Quiet at dec. "Steady . >,e sight to-night of 397.998 bales as compared with the same Friday iQuiet at >8 dec Irregular.... date of 1898, a gain of 464,225 bales over the corresponding TotaL... I I.. 1.807 200 2,007 date of 1897 and an excess of 108,700 bales over 1898. . e a ]OiO THE (IFTKONICLE. [Vol,. Tixrx. At the Interior Towns ttae movement—tbat is tiae receipts (QUOTATIONS FOR MIDDLING COTTON AT OTHER MARKETS.— for the week and sinue September 1, the shipments for the Below are closing quotations of middling cotton at Southern weeb and the stocks to night, and the same items for the and other principal cotton markets for each day of the week. oorreeponding period of 1898 is set out in detail below UK. SING QUOTATIONS) FOB MIDI 1 INU 1 < IK T o<- "ferk ending Nov. 10 Iglpiilll Satur. Hon. Tues. Wednes Thurs. Fn. Galveston. . 7i« 7Si« 76, fl 7'fl 7»fl '7 New Orlnans 718 73'e 7^6 , 7',6 w Mobile 6'6ie 7 7',H 7I4 73,6 o rtavannab... 615,6 7 73e 7H 7ie 6'f.,6 Hod© Charleston. 71,8 714 754 714 3 Wilmington. 7i« 7J4 7>4 7Hi K _ JO 7H Norfolk 7=^6 7H ? 77, -ifl 77Ta Boston 79 6 7«6 e 7 '3,6 7% 7l9 73,' Baltimore . 7ifl o< 788 7% Philadelphia 7i3ie V's 8',6 8 8 2^N( A.Q«U8ta 714 76] 8 7»9 7ifl 738®7i6 : Memphis... 7^ 7»8 714 '38 738 !lt. Louis 738 738 ifc. 7^ 73i-, 75,, 00 1^ ta- 7J« Ski BonstOD ... 714 73, 75 „ 7h- "« >-> 7J4 '=8 W j: OS Vl -a ';;> — ©'jo'V- 05*S 00 Athens 7''i6 Colnmbus.Miss 7 Nashville 7H Atlanta 73, Eufaola 7% Nat<>beE 7*4 Charlotte 7>fl Little Rook 7 RalelKh TH Oolumhus. Ci&. 7 Montgomery... 736 Shreveport Oi'ie San Antoni , Texns. —Thp week'n ramfall has be^n sixty butidredths of an inch, on one day. The therm'meter has aveiHged ."15. f^e highest being 76 aud the lowest 34. 04 — M to 00 - - 0) H-i- M to (JN- to — O So New Orlti'us, Louisia> a.— It has been dry all the week. « QC 01 00 *>. NOTKMBKB 11, 1899.] THE CHKONICLR 1021 Oreenwoi d, South Car Una.—The weather has b-^en dry Sea Island Cotton Movement. -We have received this h tiO, all the « e-^ . The ihermometer has ranged from 35 to (Friday) evening by telegraph tmm the various ports the averaging 47. details of the Sea Island corton movement for the week. The The followink? statement we have also received by telepraph, receipts for the week ending to night (Nmv. 10) and since showing the beisrht of the rivers at the p- ints named at Sept. 1, 1899, the stocks to-ni«ht, and the same items for the 3 o'clock November 9, 1899. and November 10. 1898 corresponding periods of 1898, are as follows. Nov. P, -99. yov. 10. '98. 1H99. 1-98. Stock. Receipts to Nov. 10 Fe^t. Feet. This Since This Since New Orleans Above zero of gancre 39 5 4 week. Sept. 1 week, Sept. 1 1899. 1898. Memphis Above zero of gauge 0-9 8-5 Nashville Above zero of gauge 08 95 Savannah 31.24 5.''.«'8 2l.5ef 19 293 4-2 0-3 1S687 Bhreveport...... Above zero of gauge Charleston, &o, 2.' 38 1,6- 2.666 2,159 16-3 Vlokaburg Above zero of gauge 1\J Florida, &o 3.01 901 937 19.. 14'^5 India Uotton Movement from all Ports.—The receipts Total <^A**- 36 942 6,-4S 21,16 l8.^43 22.219 of ootton at Bombay and the shipments from all India pojts The exports for the week ending this eveniug reach a total for the week ending Nov. 9. and for tlie season fiom Sept. 1 of 115 bales, of which 4t bales were to Great Britain, to Nov 9 for three vears have been as follows: to France and 70 to Biemen, and the amount forwarded to IM99. 1898. 1897. Northern mills has been 1,430 bales. Below are the exports for the week and since September 1 in 1899 and 1898. Seeeipts at Since Since Sinet Veek Week Week. Sept. 1. Sept. 1 Sept. 1 TTee* Ending Nov, 10 Since St pi, 1, 1899. Xorth'n Mills. Exports I7,000 >o Bombay . mS.OOO 9 0O0 47,00»» 3,0* 28 000 from— Oreal Fr'nce Qrent Fiance Sine* Total. Total. Week. Bnl'n. Kor »/i» Week Since Sepir.mbet 1 1 Mxport* Savannah... 10 70 80 6,1 7 2,01 8.19'^ 74 6,897 from— tfreai Uonlx- Qreal Oontv Chail't'n.&c 196 196 Totat. Totai Sritaiu. nent. Britain. nent. Florlrtii, AC "68b 3,014 New York.. "35 "35 "39 "408 "447 Bombay- Boston 1899 .*•.. *«••• 2,000 2.000 Bait., &o.... 1898 1 000 l.OOO 1,000 25 <' 26 1897 3,000 3,00 < 9,000 9 000 Total 45 70 11 .,4U 2,423 8,8ii5 1,430 9,911 Oalontta- 1899. 1.0.0 1,000 > > - 2,000 2,000 ToTall89S. (^9 23 9 V; 2.46'' 1,564 4,032 1.7 c 4,553 1898 l.oon 9v0 10.000 1897 1,000 1,000 1,000 5,000 6o00 Quotations Nov. 10 at Savannah, for Georyias, extra fine, Madras- ViVoC Choice. 2^c.; fancy, \'d%c, 189» 1,000 1.0 Chdrlestitn. Caroliuas, meaium floe, 18c.; fine, 2i'c.; fullv 1898 1,000 i,oo"u 2,000 4,000 8 000 1897 2,o00 5.100 7,0.0 fine. 22 t<» 2^0. All others Agricultural Department's Cotton Report for Nov- 1899. .. 9.00« 9 Ooc 1898 2,000 2.000 4 odO 22,o0'' 26 ember l.-Tue report on toitou issu-^d by the Agiionlcural 1897 l.OUO 1,000 5,000 14 00 19,000 D partment on Nov. mb-r 10 !» as f >llows: Washington. November 10.—The monthly report of the Statistician Total all- of the Depailmeijt of As.7i< ulture will wtare tuat tlie m it-t tburough 1.000 1.000 *••• 14.004 14 000 1899 luveM'itatlOi. ol the cotHiU cliuatlon that has been inade slnt-e 1895 4.tiiii) 4.0'" S.Of^O 60 OO- 6 ,000 1898 hiiH Just I'ceu completed. Si ecial atrenis from the Wa^hinJ;t(ln ofilce 1897. 1.000 4,000 f.,000 8 000 33.0'iO 41 UOO hav»^ visited ail the iirlncipHl I'Olins lu the 1 otton belt, iDxe-tigailng botb aoreaae and proflni-tiou. Peijd'ijg the receipt of tbe Hurtl reports According to the foregoing, Bombay appears to show an MM 10 pichlntf, aue Urcember 1, 1 o fietniied statement will be isfued, increase compared with last year in the week's receipt;- of but tbe SiailsticlrtD htaiei- that on the ba^is ot the hlah et estimate of 8,0 '0 bale-". Exports from all India ports record a loss the area under culiivatiou lor which the Depaitmenr can hud any warrant, 23 500,00 ' bcref, tbe cr cannot exceed 9.500 000 haUs. of 3.000 nales during the week and since September 1 sb( « p Tills e^tlmale lo based on the most complete and truolworihy in- a decrease of 54,000 bales. lormation. Alrxamdria Kkoeipts and Shipments of Cotton — Egyptian Cotton Crop. —Tbe following on the cotton Througharrangeraents we made with Messrs. Davis, Benarl i crop oi E ypt, dnted Alexandria. Oct. 21, has been furnished &Co.,of Liverpool and Alexandria, we now recei\e a week y to ns by Mr. Fr. Jac. Andres ol Boston : oable of the movements of cotton at A lexandria, Fgypt .Tie Prevaillne opinion Is that a verv small crop will be Lad next year following are the receipts and shipments for the past we< k on aorouiit of the daily dei-reasiiig Nile. Our receipts are laige aLd and for the corresponding week of the previous two year^ inc teasiuK nnd showvtry goof) quality so far. Pl.^aiers arn telling lieely. At Khartoum on the iUth ibo ri^erftsll 6 points and at Henuar 1 1 10 Alexandria Rgypl, on the th poluts. 1899. 1898. 1897. November S. Jute Butts, Bagging d. d. B. d. S. d. d. d. d. d. 8. d d. April 1H.82M iH.»S 431. 6«U seH.w* 8l.«0< 6 .7 12 101 6^« 9\f47 3f' h'o ai6» 3i« 6 7 ««738 37 « , 6 2- (• Oct 2 May lM.7» 2i.ii2i- 4O,<0- 8«0."(i:^ 81.47- 7 3.80 s 101 96 4 3 • 13 61,6 738 9 -«7 6 5»,6 ®6*, CD 6 June IS.Olv 2».lf<7 452.305 4U8.d5 80.50 77.157 104.421 I0O.84 4 " 2o 6' ,a7-«8 9 »7 6 3S 32 » 6 « 39 6 31, " a7-J9 3''3-. 3I16 27 67 , 9 -a? 6 6>a Tot. 3d quar. 68.0.11 H9.15I l.Sl4.>i7s 1.1«7.W04 24-.f.7 V2".672 3u7, 2^9 823 Nov. 3 9 ®7 K 41 2 9 p ©bSg 0^9 7 3 «'i« :< 7i4,«9v 967.18 k«K>.l82 " 10 7 4 lOifl®? 7't 45 59, -aptjas 0>« strike talk was indulged in. ' 1.031,028 : . 1022 THE CHRONICLE. [Vol. LXIX. The foregoing shoves that there has been exported from the 0reat French Oer- ^Oth.BTrope—^ JUexico, Brit'n. ports. many. South. November 11, 1899.J THE CHRONICLE. 1023 has been quiet, and the tone bas been slightly easier, bushels, and the mean of preliminary f stimates of the last ten years, 24 bushels. The inalcated yield although no changes have been made in quoted values. per acre in the principal corn States is as follows: Pennsylvania, 31; Ohio, 34; Indiana, 37; Illinois, 35; Buckwheat flour has been dull and unchanged. Corn meal Iowa, 31; Missouri, 25; Kansas, 29; Nebraska, 27. held to has had only a very moderate sale but prices have a The indicated yield of corn for the whole country for 1899 steady basis. makes the following comparison with the results for the Speculation in wheat for future delivery has been quiet four preceding years : no decided changes occurred in values. On Mon- and have PRODUCTION OF CORN. day there was a fractional advance in prices. This was their contracts largely the result of buying by shorts to cover Indicated Pro- Pro- Pro- Pro- foreign over the holiday on Tuesday, although stronger ad- Corn. ProductUm, ductinn. duction, duction. duction, vices than expected had a favorable influence. The visible 1899. 1898. 1897. 1896. 1895. supply showed a larger increase than generally expected. Bushels. Bushels. Bushels. Bushels. Bushels. Wednesday the market turned easier, losing all of Monday's Iowa 230,37 4.000 254.999,850 220,089.149 321,719,5*1 298.602,650 reporting free offer- advance. Cable advices were weaker, Illinois 240,276.000 199.95H,810 232.928,0«5 284,572,764 255.136,554 ings from other grain-producing countries; this, together Kansas. 2«4.8n4,000 132,842,048 162,442,728 247 734 004 204 759 746 with the falling off in the cash demand here, a fairly free Missouri 153.244.000 154,731,486 171,923,882 176.768.e4H 238,072.248 movement of the crop and the full supplies, had a tendency Nebraska 222,483,000 158,754,6<"e 241,268,480 293.599,63S 126.685,069 to make traders bearish and they generally were disposed to Indiana 181,724,00 129,154,572 t0P,825.320 133.468.205 121,435,768 sell the market. Weather conditions at the West also con- Ohio 93,516,000 102,828,139 92,165,580 123,691, S'57 92,783,188 tinued favorable, and this, too, had its influence against Texas... 94.6'; 7,000 105.33fl,:00 72,175,142 32,228,617 107,905,565 53,998,ono 7],893,44H prices. Thursday there was a slight further decline in Tennessee 78,467,74 2 63,672,588 83,133.025 Kentucky 5«,030,000 85,177.243 64.485,744 80.932,348 prices under weaker foreign advices, some selling for foreign 93,939,331 Pennsylvania.. 38.998,000 45,190,135 44,868,116 52,475,000 43,512.681 account and an expected large increase in the visible supply Arkansas 48,087,f 00 45,3'<5,220 35,580.560 29,723.854 50.369,558 in the spot market has been for the coming week. Business Wisconsin 39,304,000 35.327,425 33,645,183 33,890,071 33,093.497 futures. only moderately active and prices have followed Michigan. ~ SS.SCO.OOO 33,340,604 31,201.086 40,041,930 33,600,242 To-day there was a weaker market under fairly free offer- Minnesota 34,005.000 30,532,000 25.840,8-JO 34,448,974 35,958,690 ings, prompted by heavy shipments from the Argentine and Total. 1,742.489.000 1,590.107,940 1.602.110,533 1,967,187.058 1,817,875,810 weaker foreign advices. The spot market was quiet and AU others 312.071,000 334,176,720 300,857,400 316,688,107 333,282,770 easier. Sales for export here and at outports were 64,000 bushels. Total U. 8 2.054.560.000 1.924,184,660 1,902,967,933 2,283,875,165 2,151,138,580 DAILY CLOSING PRICES OF NO 2 RED WINTER IN NEW YORK. The average indicated yield per acre of the various crops Sat. Mon. Tues. Wed. Thurs. FH. for a number of years is as follows : CaBh wheat f. o. b 73'78 74^ 74 14 73^8 73 12 AVERAGE YIELD PER ACRE. Deo. delivery in elev TS^i 73% HOLI- 73 18 72 '8 7238 Mch. delivery in elev 7658 77i8 DAY. 7658 7638 7534 1899. 1898. 1897. 1896. 1895. 1894. 1893. May delivery In elev 77 77^ 77 18 7658 76 Corn bushels 25-2 24-8 23-7 27-3 2S-2 19-7 22-6 DAILY CLOSING PRICES OF NO. 2 SPRING IN CHICAOO. Buckwheat., do 17-2 173 20-7 18-7 20-1 161 14-7 Sat. Mon. Tues. Wed. Thurs. Fri. Potatoes do 88-7 75-2 64-5 86-8 100-7 62-3 72-2 Dec. delivery in elev.... 68^4 69 69i8 &^'^ 68ifl 6758 695-3 May delivery in elev.... 72^4 7278 73i8 72% 72 7138 Tobacco pounds. 6460 6790 7430 7330 Hay. tons 1-35 1-55 1-42 1-36 106 115 1-32 The speculative dealings in the market for Indian corn CROPS OF WHEAT, CORN, OATS, futures has been on a limited scale only, but prices have BARLEY AND RYE. shown a hardening tendency. There has been a demand Total from both local and Western shorts to cover contracts, stim- 1899. 1898. 1897. 1896. 1895. Production. ulated by a comparatively light crop movement and only moderate offerings from the country. There also has been a Bushels. Bushels. 1 Bushels. Bushels. Bushels. disposition shown to reduce crop estimates from the extreme Corn 2.054,560,000 1,924.184.860 1,902,967,933 2.283,875,165 2.151,138,680 Wheat 675,14^,705 530,149,168 427,6-<4,346 467,102,947 figures named earlier in the season. The spot market has Oats 785,888,000 730.906.643 698.767.809 707,346,4(14 824,443,537 been quiet and easier. To-day the market was quiet but Barley 71.900.000 55.7d2,257 66,685,127 69,«95,223 87,072,744 quiet and unchanged. Sales steady. The spot market was Rye 21,563,60(1 25,867,522 27,383,324 24,389,(47 27,010,070 for export here and at outports were 85,000 bushels. Total 3.411,689,787 3,225,933,361 3.512,970,183 3.556,767,878 DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK. Sat. Mon. Tues. Wed. Thurs. Fri. The movement of breadstuffs to market as indicated in the corn, f. o. 39% 4038 40^4 4038 4038 Cash b statements below is prepared by us from the figures col- Deo. deUvery in elev.... 38^ 39 Holiday. 39ie 39^ 39i8 May delivery in elev 38 SS^a 38is SSSg SSig lected by the New York Produce Exchange, The receipts at DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO. Western lake and river ports for the week ending Nov, 4, Sat. Mon. Tues. Wed. Thurs. Fri. and diuce Aug. 1, for each of the last three years, have been; Deo. delivery in elev.... 3058 31i« ^\^ Sl^s 3114 3138 delivery In elev.... 30i8 ---. 31 3058 SO^g 30% Jan. j4c«ipts at— Flour. Wheat. Corn. Oats. Barlev- VI May delivery In elev 3214 3258 3278 3212 32% 3258 BbU.196lbt Bush.60 Ibt Buih.bQlbi Bu$h.S2lbs Oats for future delivery at the Western market have been Buih.iSlbi Bu.ee l^- ^talcaKO 164,801 926,125 2,515,800 2,046 411 689,100 59.610 quiet, and no decided changes have occurred in values. Milwaukee 78.' 93 816,400 46,900 262,000 655,100 57,400 has been limited buying by shorts to cover contracts, There Onluth 198.240 1,302 991 7,849 203,366 36.071 in corn, and this, together with sympathy with the advances tilnneapolii. 2,866 2.693 87u 38.26(1 207,8*0 156,920 85.818 has held values to a steady basis. Locally the spot market Toledo 9,916 105.58;^ 286,376 48,000 26,000 5.100 has been moderately active at fairly steady prices. To-day Detroit 1,600 29,84E 44.3;b 12,739 8,797 2.841 the market for both futures and spot supplies was quiet but Cneveland ... 22,60f 293,77(1 199,096 . steady. St. Loaii .... 38.770 206,724 276,655 229.200 153,e00 31,522 DAILY CLOSING PRICES OF OATS IN NEW^ YORK. Peoria 18.160 5,9C0 311,600 186,400 flO.OOJ 4.200 Fri. ' 284,001 164,C0( .. Sat. Mon. Tues. Wed. Thurs, Saniai City. • * 50,000 * No. 2 mixed in elev 29 29 HoU- 29 29 29^4 8.886.746 1,867,288 222.082 No. 2 white in elev 31ia 31i2 day. 31 31 31 Tot.wk.'99. 497.431 5,893.946 8.189,604 Same wk.'98 683.080 10,388.768 4,064.»17 3.033.273 1,341,666 240.760 DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHIC.\O0. Same wk.'97. 306,162 7,986.155 8.273,240 3.230,479 1.567,776 328,733 Sat. Mon. Tues. Wed. Thurs. Fri. Aug. 1 Deo. delivery in elev.... 2238 22ia 2258 2238 2212 2238 Since May delivery in elev.... 23% 24 24 2378 2378 2378 1899 6.188,227 86,781.875 73,374,118 69.789,189 13.888,149 2,607,078 1898 4.870.161 106.759.178 60,166 341 55,972,? 3 16,071.289 4.096,826 Rye has had a moderate sale at slightly easier prices. 1-97 3.079,851 97.871.668 8>,lf2.70H 64.504,985 13.899.829 4.675,014 Barley has been dull but without decided change in values. Buckwheat has been quiet. The receipts of tlour and grain at the seaDoard ports for Following are the closing quotations: the week ended Nov, 4 1899, follow : FLOUR. Blour, tVneat, Corn. Oats, Barley Rvi, Beeeiptt at— bbU. bush. bush, btMh. bush. biiS*i. Fine $1 80 ®2 35 Patent, winter.... $3 60 -314 15 -Sew York 183,286 400,450 683,275 682,900 898,700 7,860 32H,964 19i»,690 7-(,«29 Superflne 2 00 ®2 55 City mills, patent.. 4 40 ®4 65 Boston 67.168 144,904 '7,'666 Extra, No 2 2 20 ®2 70 Ryeflour.auperflne 3 40 ©S 75 UoDtreal 21, 92'.: 8»-J,721 40,900 88,800 67,793 1I0.0H4 l:<,8(i0 Extra, No. 1 2 50 S>2 85 Buckwheat flour.. 2 40 ©2 50 Philadelphia 1.0,581 93,9.(5 797,765 i!.i»e7 — Baltimore 123,915 116,lhl 927,683 108,670 10,797 11.576 Clears 2 85 @< 30 Corn meal > 12.ua4®74 No. 2 mixed 383834 % Port Arthur 93 'au.obo 71%®75i4 Red winter. No. 2. Western yellow 3f* S>40% Total week 516,600 1,8.55,650 8.766.478 1,182.166 579.109 33.062 H'd Manitoba No.l 7658@7838 Western white 39^8^4078 Veek 1898 67«,623 4.932,;80 4.2«3.3160H State and Jersey 61 ®64 ports from Jan, 1 to Nov. 4 compare as No. 2 white 31 3)32 Barley—Western 45 *73 Total receipts at : I Feeding 41 3)45 follows for four years rcetpUO/- 1899. i'^"'*- *"»'• 1896. Agricultural Department's Report. —The Agricultural donr bbll 18,310,773 17,670.166 2i.8i4.7l6 0,701.780 crops was issued Depart ment's report on the cereal and other -VdoiHt ..bn»h. 101,583,494 109 4:-9.5:5 f 6 708.051 58.825.792 " 168,719,9(17 17-i,292.rtS6 ie4.052.M4 7t( 809,314 on November 10 and is given below. ' 1024 THE CHRONICLE. rvoL. Lxix. The export!- from the several seaboard ports foi t >e weefa OoMKSTio Cotton Goods.—The exports oi cotton goods •nding Nov. 4, 1899 , are shown In the annexed statement from this port for the week ending Nov. 6 wer» 10,208 Wheat Corn Flour, Oats. Rye, Peat, Barlty, packages, valued at $389,520, their destination bdng to the Sxvorti from- Mish. tnuh. bbU. buah. hush. huti points specified in the tables below : New York 947.<180 907.864 90.812 137,027 857 22.102 312.704 Boston l(6,bia He.8<<4 30,' 12 6i,H6 16.590 Portland, Me. 63.701 1071 29,134 8,663 16,590 1899. 1898. PbllKdelphla.. . 5S2,67i 110,000 8,196 New York to Nov. 6. Baltimore 66.000 1 ,54».299 49,515 Week. Since Jan. 1 Week. Since Jan. 1 New OrleanB.. 540.000 1 ,4w2,ii09 7,451 108.'876 62,253 Norfolk 1«,«85 12.9-8 Great Britain , New* 4 7) 2 85 714 3H.282 .. 9 1,797 117 2,921 Newp'rt Other Montreal 17:M18 lB-»680 13,2 1 176.768 8.438 65.079 153.900 Earopean 24 858 18 901 Oalveeton 86^,000 566.464 623 3,190 207 647 4,561 136,551 Charleston 1.800 [ndla 774 3,<78 143 9 19 34'.285 Mobile Arabia 4,199 42.238 2,1 «9 29,903 . . 80.000 93 Port Arthur, A.frioa 1.^3 13,603 681 9.586 Total week.. 2,339.523 5.539,246 285.«0i 612,013 16,991 95,141 598,429 West Indies 792 25,t'3S 158 12.730 8ame time '98.3.392.9^6 8.0-!l,6s0 4I5,6tl4 1.044,a62 179.106 71,742 21,3J8 Mexico 112 3.991 12rt 8.892 Central America 419 9.243 134 destination of these exports tor the week and since 7 194 The South America 436 37,095 2,249 46,753 September 1, 1898, is as below. Other GoantrlcB 100 6,826 188 14.339 -Flour,- . Wheat. . — Corn. Bxportt for W««fc Sinci Sept. Week Since Sept. Week Since fepl Total 10.508 352,211 10,514 273 989 %aeek and tinet Nov. i. l.lSPe Nov. 4 1, 181.9 Nov. 4 1. It93 Ohlna, via Vancouver*... 3,725 24,609 21.823 Sept. 1 to— bbL». bbit. bueh. bueh. Oitsh. busit 190.662 1,879,666 1.020,734 12.M93,120 1,905,274 l,b79 666 Onlted KinKdom Total 13.933 376,724 10,? 44 295.812 Continent 2t<.4tl SH9.S 7 1,291,96J 10.31^,664 3,651.441 3K9.H07 2 2 13 160.605 8. & C. America. 1H,S82 15O.t<05 2,3*5 * From New Ensiana mill points direct. West Indlee 26. 72 249.450 24 956 249.4 50 Br.N. Am. Colo's 8,155 63.154 34,200 61.164 other countries 19,493 58.718 26.831 79.331 21,170 69.718 The value of the New York exports for the year to date has been $12,933,108 in 1899. against |9,669,215 m 1898. Total. 286,806 2.791,900 2,339.623 83,2>I7,350 8S5,«05 2,791900 Total 18J8., 416,661 3,084.409 3.392.925 bO.979.565 3.081.680 27.0o3.7W3 The tone of the market for brown sbeetiogs and drills continues strong in face of general of The visible supply of grain, oomprismg the stocks in a demand lees than recent proportions leading granary at the prinoipal points of acoumulatlon at lake and and some makes are J^c. higher for standard four-yards without quotable cban^e. Fine seaboard ports, Nov. 4, 1899, was as follows : grey goods strong with upward tendency. Bleached Wheat, Corn, Oatt, By*, Barley, cottons In ttore at— buth. b^uh. bush. bush. but ft. in steaiv demand with leading sellers limitiat? forward busi- ""'' NewTork M«»,000 1,588.000 73-5,000 93 884,00 ness. Tone strong and further advances deemed proiable. Do afloat.. 21.0t0 6.000 Boston 698.000 374. 'i» 44.00U At late advances wide sbeetings are sellin ; in moderate Philadelphia 243.000 9-9.JO0 681 000 "i,(KO quantities only. Canton flannels are ^c. dearer in some lead- Baltimore ... 8.M5.000 l,s;5B,000 626,000 76,O0u New Orleans SU.X'c 1«1,000 ing makes but cotton blankets unchanged. Dnims, ticks, Galveston 782.000 366.000 plaids, checks other coarse colored cottons Montreal 99,00V 405,000 49,000 194,001 and are steadily Toronto 51,00r 5.000 83 on. rising in price, m">st makes showiog advances of ^c. per 611.00C 141,'^ 00 Bnflalo 1,344,000 803.000 838,000 yard. Th re has been no change in the price of staple Do afloat. lines Toledo . .. 8.148 000 1,068 006 sssioob 9,j6t of printed calicoes, but the tendency of the market is afloat Do is Detroit 796.000 99,000 1.00 6 odo la.ooo towards a bigher lev->l. Tbe demand good and stocks Do afloat light. Dark fancy Calicoes are well sold and new light 1.278,000 898.000 59.000 OhloaRO lX.70O,00t 3,344i6oo fancies hardly yet. printed fabrics Do afloat opened up Fine are in a Milwaukee 165,000 2,bod 2.000 8.000 11,001 strong position, and stiffening; gingbam-t also show an up- Do afloat. Ft.Wiirm&Pt. Arthur l.«23,000 ward tendency. Regular print cloths again inactive at 2^c. Dulnth 7771,000 60,000 80,000 IflO.OOO 398 000 but a good demand for wide odds reported at an advance Do afloat Minneapolis 10,2<1.000 69.000 684.0'ir 28, '0<- 138.000 of 1 16e. 8t Louis 8,i23.000 432.000 24,0 8.t00 1,000 Foreign Dry Q-oods Dress goods for spring in steady Do afloat — — Kansas City 8.390.000 i'sodii ' a7.d6'o 66.000 request, higb grade novelties leading and prices firm. Silks Peoria 63.000 270 000 610.000 firm Ribbons slowly Indianapolis 641.000 67.000 19,000 with moderate demand. improving. On Mississippi RlTer Linens still scarce and advancing. Barlaps also scarce and Lakes 1.718000 1,5^8.000 543,000 76.000 904.00. On i-^c. higher. On canal and river. . . 58.O00 301.000 12.000 8,000 45fl,0<0 Total Nov. 4, 1899. 51.001,000 12.832,000 6 968.000 1.127.. 00 8,36S 00 Importations and 'Warelioase 'Withdrawals of Dry Goods Total <'ct. 28, 181-9 41^,662,000 l.S.716.000 6.913. 000 1.0^3.001 2,87-1. 00 Total Nov. 5. 1898 17,r 00.000 23,797.000 6,976 000 970. OOC 3. 9i.0LO Theimportations and warehouse withdrawals ol dij goods Total Nov. 6.1897. 2t',OH2,000 46 103.00C 16.390.000 3.818.00( 4 115.0 ^otn'Nov. 7. JfSRf 69,92:1"'^ 12,294. Of 12,443 000 2,670.000 6,942,0 o at this port for the week ending Nov. 9, 1899, ano since •Exclusive of New Orleans. Galveston, '^t. William and Port Arthur, but January 1, 1899, and for the corresponding periods ol last Includiop Albany, i iswego and Cincinnati, now omitted. year are as follows: Note.— Besrinning July 1, 18w9. the New York Produce Exchange has changed Its Vlsib e Supply Statement by ini'luoing stocks at New Orleans, Galveston. Ft. William and Pt. Arthvir (previously omitted) a...d leaving out Albany s s; g s Oswego and Cincinnati, formerly included. EH to 1 © • • o SP • r^ B : p : ©. ' ' ' B g: i §rs B I I S Sa 1 THE DRY GOODS TRADE. • • 5; 2 Si 9 • • 9 O • • • • o • New York, Fridav. P, M., November 10, 1899. ® ? • i::Ht : ^1 : ! : • Si s: : : gi • . : s ! * la volame of business transacted this week's market com- • • . a A t , • • • s pares uDfavorably with recent weeks. Interest in the elec- •5E 1 tions and the holiday on Tuesday account partly for this but to M 10 09 OS ^^ QO — M — •V apart from that buyers are just now in somewhat quieter osbo »o 00 t& ^.1 1^ tarf Ol WO— w*>. 03 33i:;>ce io ow Ifi.l^WO'W o 1 I^ frt mood than of late. Operations in botb cotton and woolen wco-tow to «< vJO — M goods are in most departments still retarded, however, by the WW WW •j3 MMWW *1 Wlfk TO «0 November 11, 1899.] THE CHRONICLE. 10:26 of Yavapai County had not made an official demand upon the St^te^wb OiTY ^tf/k^wtm. loan commission to fund the bonds and that there was no loan commission, it having been abolished by the amend- TERMS OF SUBSCRIPTION. ment of the Funding Act of June 6, 1896. See Chronicle September 30 and August 12, 1899. The Investors' Supplement will be furniehed without extra charge to every annual subscriber of the Commercial AND Financial Chronicle. Bond Calls and Redemptions. be furnished The State and City Supplement will ako Wes Sfoines, Iowa.—Bond CaZZ.— Interest ceased on Oct. of the Chronicle. tvithout extra chai ge to every subscriber 25, 1899, on the following bonds, called for payment on or fur- The Street Railway Supplement will likewise be before that day : Renewed funding bonds of 1898, numbered nished without extra charge to every subscriber of the from 93 to 107, inclusive. CHRONICI.E. Kansas. Toumship Bond Calls.—The following bonds have The Quotation Supplement, issued monthly, will also be been called by the various township treasurers for payment furnish-d toahout extra charge to every subscriber of the at the State fiscal agency in New York City : Chronicle. Called for January 1, 1900. Supplements 124,000 • bonds of Empire Township, McPherson County, issued July 16. 1887* TERMS for the Chronicle with the four in aid of the Chicago Kansas & Neoraska RR. R. B. Rusaell is Town- above named are Ten Dollars per year within the United ship Treasurer. 21,000 * bonus Of Groveland Township. McPherson County, issued July 16, States and Twelve Dollars in Europe, which in both cases 1887, In aid of the C. K. & N. RR. J. H. Wendtis Township Treas- includes postage. urer. 20,000 t bonds of McPherson Township, McPherson County, issued Jan. 1, 18»iO, In aid of the Sallna & Southwestern RR. John Aurell is Town- of Inch Space.) ship Treasurer. Terms Advertising— (Per 9.000 * bonds of McPherson Township, McPherson County, issued July 15, 188?, In N. RR. John Aurell Is Township Treas- times).. aidof theC. K. & Transient matter (ea<-tatime)$4 20 Three Months (13 $29 00 urer. STANDING BUSINESS OaBDS. Six Months (26 times).. 50 00 Two Months (8 timeH) $22 00 Twelve Months (62 times) . 87 00 Denomination $1,000. + Denomination $500. Cnyahoga County, Ohio.—Swifs Over Armory Bonds. — Suit has been coiLmenced in the Federal Court on behalf of Bond Proposals and Negotiations thii the New Ycrh Life Insurance Co. against the County Com- week have been as follows : missioners of tbis county to recover $145,000 paid for armory bonds. Accomack County, Y$i.—Bond Offering.—Piopossiia will be On April 27. 1893, the General Assembly of this State received until 10 a. m. Nov. 15, lfc99, by M. Oldham, Jr., authorized the Comm'ssioners of Cuyahoga County to build Clerk of the Board of Supervisors, for |12.000 bonds. Se- and furnish an armory for the use of the Ohio National Guard, curities are in denomination of |500 and will mature $3,0€0 and to jssue bonds in the sum of $225,000. Pursuant to this yearly. Bidders will state at what rate of interest they will Act bonds were issued and the armory practically completed. furnish the money, naming the rate of interest for the differ- A taxpayer enjoined the collection of the tax levied to pay ent years of maturity. Interest wtll be payable semi- annu- these bonds, and the Supreme Court of this State, in the case ally at the office of the County Treasurer. of Hubbard, Treas., vs. Fitzsimmons (57 O. S. 436), decided Albany, "S.Y.—Bond 0^ert«gr.—James Rooney, City Cham- that the Act authorizing the construction of an armory for berlain, will sell at public auction at 13 M. Nov. 20, 1899, the use of the National Guard is a general purpose of the $130,750 A% registered improvement bonds. Securities will State, and taxes to be devoted to that purpose must, in be in denomination to suit purchaser and will be dated Nov. obedience of the Constitution of the State, be levied by a 1, 1899. Interest will be payable semi annually at the office uniform rule upon all the taxable property in the State, and of the City Chamberlain and the principal will mature as the attempt of this Act to make such general purpose the follows : $26,750 on Nov. 1, 1900, and $26,000 yearly there- subject of local imposition is void. (See Chronicle, Feb. after from 1901 to 1904. inclusive. 12. U98.) Alexandria, La. Bond Election. —An election will be The General Assembly, at its last session, passed a law (93 held on Nov 20, 1899, to vote on the question of issuing Ohio Law, 172) for the reimbursement of the holders of $71,000 bonds for street, sewer and other improvements. bonds issued under unconsitntional acts. This law pro- Arliugton Heights (Hamlet), Ohio.—Bond Sale.— OnlUoy. vides that in the event the bonds are not paid within six 1, 1899, the $:^31 6% l-lO-y^ar street improvement boiids were months after presentation, suit shall be instituted against awarded to Feder, Holzman & Co., Cincinnati, at 103-77—an the county, and it is pursaant to the provisions of this Act interest basis of 5 20^. Only one other bid was received, that this suit has been brought. that of Seasongood & Mayer, Cincinnati, who bid $340 10, or A similar suit has been instituted by the New England 102-75 for the issue. Mutual Life Insurance Company, who own $50,000 of these Bond Offering. —Proposals will be received until Dec. I, bonds. 181(9, by C. A. Billingsley, Clerk, for $494 50 Q% l-l 0-year Slohile, Wa.— Water-Works Decision.—Oa Nov. 6,1899, street-improvement bonds. Securities are in denomination the United States Supreme Court at Washington handed of $49 45. down a decision in the case of the Bienville Water Supply Uallston Spa (Village), Saratoga County, N. T.—Bond Co. vs the City of Mobile, affirming the ruling made by the Ofenrig. —ProDOsals will be received until 12 m. Nov. 15, United States Circuit Court at Mobile. Ttie case was orig- 1899, by C. O. McCreedy, Village President, for $50 000 water inally brought by the water company to enjoin the city of bonds. Securities will be issued under Chapter 414, Section Mobile from coustructing a system of water-works during 129, Laws of 1897. They are in denomination of $500, dated the continuance of contracts with the Bienville Company. Dec. 1, 1899. Principal will mature $2,0U0 yearly on Decem- The decieicn of the Circuit Court of the United States for ber 1 from 1904 to 1928, inclusive. Bonds will be sold to the the Southern District of Alabama was favorable to the city person or persons who will take them at the lowest rate of and the above opinion affirms that decree. See Chronicle interest, not exceeding 5^. A certified check or New York June 10. Mav 20 and April 22, 18^9. diaft for 10^ of the purchase price, payable to C. O. Mc- New York State. Constitutional Amendments.—From the Creedy, Jr., Tillage Treasurer, will be required. These are unofficial returns of the vote in this State it appears that the the bonds offered for sale on Oct. 1, 1899, but they were not four Constitutional Amendments submitted to the people delivered at that time, as the board of trustees had made a for approval carried. The only amendment that is of espec- technical error in calling the meeting of the tax payers to ial interest to the readers of this Department is that which vote on the question of issuing the bonds. A new election amends Article 8, Section 10. was held and the vote for the bonds was 89, and only 2 against This amendment changes that paragraph which is marked the issue. (7) on page 40 of our October State and City Supplement Bardwell, Ky.—A^o Bonds to be Sold at Present.— It has to read as follows : been reported in some of the papers that this town will (7) Whenever the boundaries of any city are the same as shortly issue $6,000 water bonds. In reply to our inquiries, those of a county, or when any city shall include within its we are advised that owing to the increased price of iron these boundaiits more than one county, the power of any county bonds will not be sold. wholly included within such city to become indebted shall Bellefontaine. Ohio.—Bond Ofl'ert/jgr.—Proposals will be cease, but the debt of the county heretofore existing shall received until 12 m Nov. 28, 1899, by M. J Nichols, City not, for the purposes of this section, be reckoned as a part of Clerk, for $1,072 90 6^ 1-10-year (serial) street- improvement the city debt. bonds. Securities are in denomination of $107 29, dated This amendment received over 150,000 majority in Greater Nov. 1, 1899. Interest will be payable annually. A certified New York alone. check or a cash deposit for $100 will be required. Yavapai County, Ariz.—Bonds Valid.—The Territorial Bonds Defeated.—The proposition to issue $45,000 sewer Supreme Court on Nov. 1, lb99, handed down an opinion bonds failed to carry at the recent election affirming the ruling of the lower Court declaring valid bond* Beverly, Mass.—Bond Sale.—The Sinking Fand Commis- put out by the Territorial Loan Commission to fund securi- sioners have taken an issue of $4,000 A% 1-4-year sewer-loan ties ifsued as a subsidy to the Prescott & Arizona Central bonds. Railroad The suit was brought by the Board of Snper- BlucklOD, Iowa.—A^o Bonds to he Is%ued.— The City Coun- visors of Yavapai County, appellant, vs. the Territorial Loan cil some time since authorized the issuance of bonds for Commission, appellees, to restrain the latter from issuing water- works. We are advised that the matter was taken the funding bonds. into the courts and an injunction obtained preventing the The complaint contained three principal allegations, none sale of the bonds. Since then the water question as between of which was snstained. It was claimed that the bonds were the city and the water company has been compromised, and invalid on account of the want of power in the L-gielature therefore the water-works will not be built and no bonds to autborize the county to issue them; that the Supervisor will be needed. : ———— — — —— — — 1026 THE CHKONICLE [Vol. LXIX. Britton (S. Dak.) School District.—Bond Sale.—Oa Oct. The payment of said bonds in principal and interest is secured by first mort- gage, lien and privilege on all of the property situa'ed in said drainage dis- 28, 1899, |3 500 5'? 10-20-year (optional) bonds were awarded trict, which first mortgage, lien and privilege is evidenced bv judgments of the to S. A. Bell of Britton at 105 an interest basis of 4-326^. district courts in and for the parishes of Iberia and 8t. Mary, duly inscribed 43— and recorded in the mortgage and lien and privilege books of the clerks' Following: are the bids : and ex-offlcio recorde s' offices in and for the Iberia and St. Mary districts. In addition to the decree of the district courts as above set forth, said bonds S. A. Bell, Britton $3,690 I A St. Paul investor f3,500 . in principal and interest are further secured by a five-mill tax voted by the Commercial Bank of Langford.. 3,551 I Buffalo, M. ¥. -Bond Issue. City Comptroller has property tax-payers upon all of the property situated in the Iberia and St. —The Mary Drainage District at au election held on the 88th day of October, 1899. been authorized to issue a bond for |14,350 for the purpose of Indianapolis, Ind. - Bonds Proposed, —The question of paying various awards made for damages resulting from the issuing $45,000 refunding bonds is being considered. change of grade in Porter Avenue. Bond will bear 3% inter- Jerome (Ariz.) School District.— iV^-) Bonds Voted—It has est, payable semi-annually at the office of the City Comp- been stated in some of the papers that this district would troller. Principal will mature July 1, 1900. Bond will be vote on the question of issuing §7,000 school bonds. In reply taken by the Park Bond Redemption Sinking Fund as an in- to our inquiries we are advised by the District Clerk that the vestment. election was held to vote a direct tax and not for bonds. Calhoun County, Texas. Bond Issue. At the election — Johnson City. Tenn.—Bond Election. —An election will be held on Oct. 28, 1899, it was voted to issue §1i,000 5% 5-40-year held on Nov. 23, 1899, to vote on the question of issuing (optional) road bonds. These bonds, we are advised, will be $6,000 court house bonds. taken by the Permanent School Fund. Kenneth Townsliip, Sheridan County. Kan.—Bonds to he Chicago, III. Bonds Proposed.—This city is considering Issued. —This townsLip will soon issue $14,000 5% 10 20-year means whereby bonds to the amount of many millions may (optional) refunding railroad-aid bonds. be issued for permanent improvements. To this end the Kingston, N. \.—Bond Sale.—On Nov. 9, 1899, $841 75 4% City Council has passed resolutions petitioning the State grading bonds were awarded to the Ulster County Savings Legislature to amend the statutes so that the limit of indeH- Institution at par. Securities are in denominations of $42 09 edness may be increased to 5% of the assessed valuation. and 126 26, all dated Nov. 9, 1899. Interest will be payable Chippewa Falls, Wis.—Bonds Re- awarded.— On Oct. 31, annually, and the principal will mature one bond of $42 09 1899, this city sold to the Lumbermen's National Bank of yearly on March 1 and one bond of $126 26 yearly on May 1 Chippewa Falls $74,0U0 i% 10-20 year (optional) refunding from 1900 to 1904, inclusive. bonds at 10125 an interest basis of 3-84s^. These are the — Lancaster, Pa. Bonds Defeated.—Tietnrns from this city bonds sold last June to J. Hayes Sons, Cleveland, who W. & indicate that at the recent election the proposition to issue aft erwards refused the same. §382,600 water bonds was defeated. Christiausburg, Va. Bonds Voted. —At the election held Lebanon School District No. 3, St. Clair County, 111. Nov. 8, 1899, the issuance of $10,000 electric-light bonds was Bond daie.— On Oct. 31, 1899, the $14,000 4% 10 20-year (op- authorized by a vote of 100 to none, out of a registration of tional) refunding bonds were awarded to the Belleville Sav- 143. See Chronicle last week, p. 974. ings Bank at 101 —an int<^rest basis of 3'878$?. For descrip- Contra l osta County, Cal.—iVo Bo^ds tohe Issued.— It has tion Of bonds see Chronicle Oct. 21, p. 868. been stated in some of the papers that the Board of Super- Lee County, 111. Bond Election Authorized. —This county visors had authorized the issuance of $100,000 court-house has decided to build a court house to cost about $100,000. bonds. In reply to our inquiries are informed that no we Bonds will be issued for this purpose, which cannot be done bonds will be issued for this purpose, but that the court until after the general election in November, 1900, when the house will be built by funds raised by direct taxation. question will probably be submitted to a vote of the people. Dnluth, Minn. Bond Issue Legal. The State Supreme — Logan County, Ohio. Bond Offering. —Proposals will be Court has declared legal the $50i\000 i'^i funding bonds received until 2 p. M, Nov. 28, 1899, by F. E. Milligan, Coun- sold last June to the New First National Bank of Columbus, ty Auditor for the following 5i bonds : $5,000 pike bonds, who in turn transferred their right to the bonds to E. H. maturing $500 each six months from July 1, 1900, to Jan. 1, G-ay & Co., Boston. The latter firm has since taken up the 1905, and $4,500 bridge bonds, mataring $500 each six months bonds. from Jan. 1, 1904, to Jan. 1, 1908, inclusive. Securities are EastStroudsbnrg, Pa.—Bond SaZe.—On Nov. 7, 1899, the in denomination of $500, dated Dec. 1. 1899. Interest will be $20,000 4% refunding bonds were awarded to local investors payable January 1 and July 1 at the office of the County at prices ranging from par to 103 the total premium real- — Treasurer. A cash deposit of $250 will be required with each ized being $161 48. For description of bonds see Chronicle bid. All bidders will be required to satisfy themselves of last week, 974. p. the legalitv of these bonds before bidding. District.—JVb Bonds to be Edwardsville (111.) School Logan Township, Sheridan County, Kan,—Bonds to be Issued. of the papers have reported that the Board of —Some Issued.—This township will shortly issue $18,000 5% 10-20- Education has authorized the issuance of |40,000 school year (optional) refunding railroad-aid bonds. bonds. In denying this statement Mr. E. R. G-reenwood, Los Angeles, Cal.—Bond 0#ertng.— Proposals will be re- Secretary, writes us that the Board has not decided to issue ceived until 11 A. M. Dec. 4, 1899, by C. E. Hance, City Clerk, any bonds nor does it contemplate issuing any. for $2,090,( 00 3%% 1-40-year (serial) water-works bonds. Elburu, 111.— Bonds Vottd. an election held on Oct. —At Securities will be issued in denominations as follows: 2,080 "23, 1899, the issuance of $9,000 water works bonds was bonds of $1,000 each and 40 bonds of $250 each, all bearing authorized by a vote of 57 to 12. date of Nov. 1, 1899. Interest will be payable May 1 and Eureka School District, Humboldt County, Cal.—Bonds Nov. 1 at the office of the City Treasurer. Principal will Defeated.—At the election held on Oct. 30, 1899, the proposi- mature $52,250 yearly on Nov, 1 "from 1900 to 1939, inclusive. tion is-ue school bonds defeated. to $40,000 was Proposals are asked for as follows: Fayette, Howard County, Mo.—Bond Sale.—This town "First. Proposals to purchase all of said bonds, amounting to $2,090,000. has sold at par to the Little & Hays Investment Co., St. "Second. Proposals to purchase a portion of said honds,'sald portion aggre- Louis, an issue of $11,000 10-year refunding bonds. Securi- gating in amount $1,206,0' and consisting of the following bonds of said issue: •^^ bonds for the sum of 8250 each, one of said 24 bonds muturi g each year for ties are dated Nov. 1, 1899, and interest will be payable a period of 2* years, beginning Xoveinber 1st. 1900; 1.200 bonds for the sum of semi-annually at the Mississippi Valley Trust Co., St. Louis. $!.• 00 each, .52 of said l,2i.0 bonds maturing each year for a period of 23 years, beginning November Ist, 190U, and 4 of said 1,200 bonds maturing 24 years from Fowler, Ohio. Bonds Defeated. —At the November elec- t'hpli' dAt,6 *' tion the question of issuing |4,000 school bonds was de- A certified check for 1% of the par value of the bonds bid feated. for, payable to the Mayor, must accompany all proposals. Gladstone, Mich.—Bond Sale.— It has been stated in some Ludlow, Yt.—Loan Authorized.—We are advised that the of the papers that this city has sold to Chas. E. Temple, village has authorized a loan of about $30,000 on current Grand Rapids, $35,000 i'j^% 2u-year reiunding bonds. These demand orders bearing 4% interest, to meet expenses of in- bonds, we are advised by D. C. Mclntyre, City Clerk, were stalling an electric- light plant. Bonds will not be issued at awarded to Mason, Lewis & Co., Chicago, on July 15, 1899. present for the payment of these orders, but will probably be Securities bear date May 1, 1899. put on the market in about a year after legislative authority Granby (P. 0., Oswego, N. Y.) School District No. 2.— has been obtained. Bond Election. —An election will be held on Nov. 28, 1899, to Maiden, Mass.—Bond Sale.—On Nov. 7, 1899, the $36,000 vote on the question of issuing $41,000 school bonds. A. C. 4% 20-year water bonds and $20,000 4% 25-year park bonds Davis is Clerk of the Board of Educa' ion. vere awarded to N. W. Harris & Co., New York, at 111-637 Hamilton County, Ohio.—Bond SaZe—On Nov. 4, 1899, and 113-637, respectively. The bids received for the 3}4% the $10,000 Sf4% 20-year Ross Run bridge bonds were awarded bonds were rejected. For full description of bonds see to the Briyhton German Bank of Cincinnati at 10705—an Chronicle last week, page 975. interest basis of 3 (»28^. For description of bonds see Chron- Martin's Ferry, Ohio.—Bonds Authorized.—The City icle Oct. 21, p, 867. Council has passed an ordinance providing for an issue of Harri*burg, Pa. Bonds Defeated. —The proposition to $9,300 5% sewer bonds. Denominations $500 and one bond issue $75,000 water bonds failed to carry at the recent elec- $300. Interest will be payable at the office of the City Treas- tion. urer on March 1 and September 1, and one bond will mature Harrison (Ohio) School District.— 2Vo Bonds Sold.—We on each interest day from March 1, 1900, to March 1, 1909, are advised by C, Huber, Clerk, that the report in some of inclusive. the papers that this district had sold recently $8,000 6% school Merced, Cal.—Bond Election.— It is stated that the Citv bonds was incorrect; that the last bond outstanding against Trustees have decided to hold an election to vote on the this district was paid in July. question of issuing bonds for a sewer system, Hartford (Conn.) Second North School District.—Bonds Montezuma (Ind.) School District.—Bonds Authorized.— school- Fb^ed.— At a meeting of this district held Nov, 3, 1899, it The Trustees have authorized the issuance of $7,000 was voted to issue $13,000 school-building bonds. house bonds. Iberia and St. Mary Drainage District, La.— Bo7id Offer. Nevada Township, Ness County, Kan.—Bond Sale.—Thia ing.—A. L. Monnot, President, offers for sale $30,000 5% 30- township has sold an issue of $17,000 5% refunding railroad- year drainage bonds. Securities are in denomination of SlOO; aid bonds. Securities are in denomination of $1,000, dated 1 interest will be payable annually. The official advertisement Oot 1, 1899. Interest will be payable January 1 and July states at the State fiscal agency in New York City. Principal will ; — — November 11, 1899.] THE CHRONICLE. 1027 mature July 1. 1919, subject to call $1,000 yearly on July 1 Micajah Pinkney, County Treasurer (P. O. Alturas), for from 1902 to 1916, inclusive, and $2,000 July 1, 1917. $1,500 6^ school bonds. Securities are in denomination of Newark, N. J.—.Bonds Proposed.—The Board of Education $150 and will mature yearly on May 1 as follows : $150 from on Nov. 2, 1899, passed a resolution requesting the Common 1901 to 1908 and $300 in 1909. Interest will be payable annu- Council to issue $19,000 school-building bonds. ally. New York City.—Bond 0#ermg.—Attention is called to Philadelphia, Pa.—Bonds Voted. —At the general elec- the ofi&cial notice elsewhere among the advertisements in tion held on Nov. 7, 1899, the issuance of $12,000,000 bonds for the improvement of the water supply was authorized by this Department of the offering for sale of $4,765,000 3%% a vote of nearly 5 to 1. corporate stock by the city of New York. Proposals for Plaquemine, La.—Bond Sale.—The $38,000 public im- these bonds, a full description of which was given last week provement bonds voted last June have been awarded to the of Plaquemine. on page 976, will be received until 2 P. M. Nov. 16, 1899, by People's Bank Pomeroy, Ohio. Bond Offering. —Proposals will be re- Bird S. Coler, City Comptroller. The conditions and other ceived until 12 M. Nov. 21, 1899, by Abe A, Massar, City facts appertaining to this sale are given in the issue of the Clerk, for $6,000 (or lees) street-paving bonds. Interest will paper referred to. be at a rate of not more than 6^ and the principal will Norwood, Ohio.— Bond Sale.—On Nov. 1, 1899, the $14,490 mature serially each six months from 6 to 120 months, Ai 1-10 year (serial) pike- improvement bonds were awarded inclusive. to the German National Bank, Cincinnati, at 102-51—an in- Pulaski County, Ky. Bonds Defeated.—At the general terest basis of 3 -494^. For description of bonds see Chron- election held on Nov. 7, 1899, the question of issuing $100,- icle Oct. 14, p. 819. 000 turnpike bonds was defeated. Omaha, Neb.— Bond O^eWng.—Proposals will be received Ridley Park, Pa.— Bonds Voted.— At the November elec- until 12 M. Nov. 20, 1899, by A. G. Edwards, City Treasurer, tion the issuance of $14,000 improvement bonds was author- for $25, (00 i% 20-year sewer bonds. Securities are in denom- ized by a vote of over two to one. ination of $1,000, dated Dec. 1, 1899, Interest will be payable Rock Island, 111. —Bona O^ering.—Proposals will be re- semi-annually at Kountze Bros., New York City, A certi- ceived until 5 P. M. Nov. 20, 1899, by H. C. Schaffer, City fied check on a national bank for $500 will be required with Clerk, for $30,000 i% water- works bonds. Twenty-four bonds each proposal. will be in denomination of $1,000 and twelve bonds of $500 Orlaud School District, Glenn County, Cal.—Bonds each. Interest will be payable annually at the ofiBce of the Voted. —An election was held in this district on Oct. 28, City Clerk. Principal will mature $5,000 yearly on Decem- 1899, at which the issuance of $1,300 65f l-7year (serial) bonds ber 1 from 1905 to 1910, inclusive. were authorized by a vote of 45 to 0. Securities will be in St Bernard, Ohio.—Bond Saie.-On Nov. 2, 1899, the $10,- denomination of $100. 000 3li% 5 14-year (serial) debt-extension bonds were awarded Osceola, Clarke County, Iowa.—JVb Election Called.—In to the German National Bank of Cincinnati at 10 1 '51 —an in- reply to our inquiry regarding the election which, according terest basis of 3 314^. For description of bonds see Chron- to newspaper report, was to be held for the purpose of sub- icle Oct. 7, p. 767. mitting to the voters the question of issuing $45,000 bonds San Francisco County, Cal.—Bond Election.—Elections for a system of water-works and an electric-light plant, will probably be held towards the latter part of December to the City Treasurer writes us that "no election has been vote on the question of issuing upwards of $l0 000,000 of called and no issue of bonds is now contemplated." bonds for the extension of the Park Panhandle, the construc- Overton School District, Modoc County, Cal.— Bond tion of a new sewerage system, a new county hospital and Ofering. —Proposals will be received until Dec. 1, 1899, by for several new school buildings. IIWESiny^ENTS^ INVESTMENTS. NE W LOAN, San Luis Potosi Electric City of New London, Conn., 8320,000 Light Company WATER BONDS. FORT WAYNE, INDIANA, 6% First Mortgage Gold Bonds^ Dated Aug. 2. 1897. Due Ansr. a, 191^. Sealed Proposals will be received at the oflBce of 3^^ REFUNDING BONDS. Opiional in numerical order. until December the Board of Water Commissioners PRICE AND DESCRIPTIVE CIRCULAR UPON Knickerbocker Trust Co., N. I., Trustee 20th, 1899, at 12 o'clock M., for the purchase of aU or APPLICATION. <'apital Stock. ...$100,000 any part of $225,000 20-year 3J^ per cent Refunding Bonded Debt OlMO** Water Bonds of the City of New London, Connecti- CO., Gross earnings for fiscal ytar ending Aug. BRIGGS, TODD & 31, 18M9 $71,396 53 cut. CINCINNATI, OHIO, NEW VORK, Operating expenses, interest on bonded debt, All Proposals should be addressed to the under- salaries, etc 53,165 46 35 EAST THIRD ST. 1 NASSAU ST. signed, d oiarksJ '" Prop m3.\ for Water Bonds." Surplusflscalyear 18f9 $18,231 07 will No Proposal less than par value be considered. Surplus fiscal year lb98 4,548 25 State ot 'Viaasacfausetts ; I Ss B. A. ARMSTRONG, City of Ulaldeo, Mass ] 48 Surplus increase ISf 9 over 1898 ....|13,682 82 Prest. Board of Water Commissioners, I Bottton Terniioal Co 3>68 ' V. City Hall Building, N. Central A H. R. RR 31^9 We otter a limited amount at Hi'2^ and interest, , Illinois Central, Western Lines 4s netting 5%5. Full data on application. New London, Conn. : Beech Creek RK. 1 wt Slortgage 4s (Prin.and int. jiuar. by N.T. Central & H. R. RR.) C. H. WHITE & CO., Chlrago Rock Islnnd Pacific I & 48 BANKERS, Baltimore &: Ohio 1st luorttfagre 48 WE OWN AND OFFER FOR SALE West End St. Ry 4}^b 71 BROADWAY. NEW YORK. $100,000 Cincinnati Edison Electric Co 9a CITYofTOPEKA,KANSAS, Perry, Coffin & Burr, ADAMS & COMPANY i:}4% Internal Improvement Bonds, 6O state Street, Boston. BANKERS^ IN Matnrinsr in 1, :2, 3, 4. 5, 6, 7, S, 9 and 10 DEALBRS Years. $29,'' Assessed value, $8,854,794 ; real value, 00,000 INVESTMENT BONDS. total debt Sept. 22, Ifiw, $42l,ft..'5. No floating debt. Rutland Railroad Co. Population, census l8u8, 32,e51. Members of Boston Stock Bxchange.! Price and foil particular.^ on application. First Mortgage 4:^% Gold Bonds, No. 7 Congress and 31 State Streets, E. D. SHEPARD & CO., DUE JUIiY 1, 1941. 31 NASSAU STREET, NEW YORK. BOSTON. WE OFFER, SUBJEi T TO SALE, E. H. ROLLINS & SONS, 19 MILK STREET, BOSTON. $100,000 Blodget, Merritt & Co., Hudson County, N. J. Gas Co. BANKERS First l>ItKe. 50-Year Gold 5 Per Cent NEW YORK CITY 16 Street, Boston. Bonds at 10.3 und Interest. Congress 13 Wall Street, New York. EDWD. C. JONES & CO., NON-TAXABL,E NEW YORK, 1 NASSAU STREET. STATE. CITY & RAILROAD BONDS PHILADELPHIA, 421 CHESTNUT ST. 3%% BONDS. F. R. FULTON & CO., C. R.GOODE&CO. SEND FOR CIRCCLAR. HIGH-GRADE WARRAJ«TS Municipal Bonds, Farson, Leach & Company Netting from 4 to §^. 171 la salle street^ 33 NASSAU STREET, - NEW YORK 15 WALL STREET NEW YORK. CHICAGO. — — — 1028 THE CflRONK^LE. [Vol. LXIX. San Pablo School Distri' t, Contra Costa Coanty, Cal. the Tennessee Cettral Railway was autboriz-d. These Bonos Voted. —Tbis district has voted io favor of issuing bonds, we are advised, will not be issued until the road is $10 000 6% 1-lO-ypar (serial) gold school bonds. completed. Sau Pedro School District, Ventura County, Cal.—Bonds V icto ' ill, Tex.— Bond Sale.—The $7,000 street improvement Voted.—At an election htld Oct. bO, lb99, the issuance of and $7,(100 — city- ball 5« 10-40-year (optional) boi ds. bids for $20,(100 school-hon?e bonds was authorized by a vote of 134 whicD were received up to Oct. 21, 1899, were awar (ooco October 31, 1899. cooo » — l« CT *. 00 !-• <0 Ot 00 CO CO CO CO 05 00 a OIO- CO ~*ioco 3,360—The First N.itional Bank of Arkansas City, Kansas, heretofore H- ^- _.«. • ^ a — CO — * «s — t^ 10 t^ OIO coossc ... involuntary liquidation, was placed in the hands of a receiver Ol c^o *c»iS o — ** — coo •« October 19, 1899. (COO coos » .-OOOICTCOO CO CO <0 05 (£> CO CO cooo — OD *'bioo<» ooo 4k. 5D I-. OO JOOICOCO OS.acOA'.a* 05 *— (O 05 05-00 ^ o * 3,521—The First National Bank of McPherson, Kansas, heretofore In OiU IS 30 ^ CD« — OCOl CJ> — * j5-r *ce 00(0* o Kcxeo voluntary liquidation, is insolvent, and was placed in the lb. H- »-• * (— t— CO — I-* * co- ^^ t— CO -J coco tc-icx o *C0 *OQD o ts*co * co CO 00 hands of Norman H. Moss, receiver, October 28, 1899. a; -'if.- i«>.CO 00 OOO cs o o •» Ol CO- (0-3COO o — ** •a 05OC0'* B AUTHORITY FOR CONVERSION (OCT COh-" Ol 0(xc>e«Do t-. — CO — 35** o — (0 05 00 to to 05 e TO NATIONAL BANK APPROVED, sw -]l». o ..JCO^A^S 00 C0 500!C*tO e» 05I0O 05 O — 00 The Bank of Pittsburg, Pennsylvania, to the Bank of Pittsburg » h^ 1.^ CO — CO — * co- l-*»-» M -a — «D«0® t-. o *aD-i CO COOS* •1 co Ol 00 «^ National Association, with a capital of $1,200,000, approved August «.«. OS 05 OD 00Oit>.C^] Ol eoco — AA-J — *05 (O oi*o u. Nov. A.O oco as OO-JCO — •J xosooasoD CO -I00 05IOOD05 00 — — c» -a (OCO* ^ too — 00 o oooiooscoce CO oia5»*x — c» CO 050 00 *00 Nov. 3 ; also totals since beginning first week January. ex >-> Cb CO — f 00 (O — * CO — FOREIGN IMPORTS. MH> ^rf 1^ wo>->-4*a» .« CO— *oo (D — -05 Ol — *(0 fti coo OCD «9 ODV^'COlSCO Ol (oo-]-3aioi o *oi-a CO ooaj- «» w coco cooi CJ»Q0«3*00 — (O -JCOCO- »00 -a OOlOi CO *05C0 ooo 3135 « »»0D*-3^ CO 05(0— CO T-J 00 cooo * (COlO For week. 1899. 1898. 1897. 1896. Cn CO — * — ,— CO (Or' * co- CO coe 01(00 * *o c;icoo (0 — COOI o co 05 00 X *.» — *oi a> OCOOI Ol co*ao«* p Dry Goods $1,862,346 $1,387,611 $1,115,576 $1,542,773 CT-O »co 00 ^josco — eDsD -J ot-io<(o.]ao CO — exoi » OOIO r* — 00 Clen'l mer'dlse 9,423,668 5,072,122 5,372,53*1 6,272,477 ooo oco CO -3O00«tow ^.*»;,- t^M ib.-(!T(oit-to