New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-15
BONDS.
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES.-Market strong ana ac-
tive Standard oil closed at 4i6gHI. against f'e
1917 on Friday. Last prices OF other prominent
issues were: Otis Elevating 3slz4io; preterreo'
S5isG8. Mutual Gas. 30G3o5' New-Ams'erdam Gas
common. sO,.qsos.; preferred, 65isqs7is Wagner
Palace Car. 1876; Continental Tobacco. common.
asa 7ss; preferred 7e4asO: Air Power iSgiSa.
RAILROAD EARNINGS-"The Financial Chron-
icIe's record OF railway earnings in 1898 shows Tor
two hundred roads total gross earnings OF JILL
s555O an increase OF ys3le.7ls over 1897 estimated
on ls31a miles OF road in 1898, against 1890 miles
I'm 1897 The gain In 1897 OYER 1896 was $'''hoi VI"
i5es5l miles OF road The railroad mileage OF 'he
whole country is ls1 900 miles. and II the compi'"-
ton for 1895 covered the entire system the increase
over 1897 would approximate 100000. Earnings
Of the chief trunk lines show a gain OF ABOUT
5000 900: the chief Pacific roads. 900: the chief
Northwestern lines 100000; the chief Southern
roads 10000: the chief Southwestern roads,
g. 100000 and the chief middle and western roaos'
100000
BANK CLEARINGS.-The total bank clearihgs
OF all the clearing houses OF the United states lot
the week ending yesterday were N,N5,"o'e4' an III
crease Of ssSl4fl7 over last week and an increase
NJ soe Is, 2s7 compared with the corresponding week
OF 1888
BONDS LISTED-The first mortgage per cent
gold bonds OF the Santa Fee Prescott and Phnnix
Railway Company have been listed on the Ne"-f ork
Stock Exchange The companys lines or ra!Iroaa
extend from Ash Fork the line Of the Atchison
Topeka and Santa Fe Railroad TO PhGnix' Ariz'
distance OF about one hundred and ninety-seVen
miles and have been In active operation since
March 1895 The development Of the natural re-
sources Of the country tributary to the railroad has
been steady and continued and the results are
shown In a steady increase In the gross anu net
earnings Of the company. The company Is free
from floating debt. and the physical condition OF
the property is reported to be first class
OFFER OF BONDs.-stahl & straub. OF Phia-
delphia offer at par and accrued interest *V'oo
first mortgage per cent forty-year gold bonds OF
the Brooklyn Borough Gas Company, Ne"-fo rK
City. The bankers say that the company Is earn
ing considerably more than its fixed charges. ana
It's business is rapidly increasing. the territory
which It supplies. namely. the Thirty-nrst " a'u VI
Brooklyn being a populous and growing section Vi
the city The total issue OF these bonds is sJ0,Wo
Of which 800 900 is reserved in the treasury, ana
can be sold only for extensions and improvements
OFFICERS -ELECTED.-The directors Of the
Mechanics and Traders Bank met on Friday and
reelected President Lee SchesIHsct d"u WV
President Isaac Steibel.
SUBSCRIPTIONS INvITED.-Vermiiye & Co.
OF New-York and Boston. invite subscriptions al ~
and accrued interest for T00cm LOUISVILLE anu
Nashville Railroad Company five twenty-year per
cent collateral trust gold bonds Of the LouisVile
and Nashville Railroad Company payapie <'P''' =
1918 and redeemable at the option Of the company
on and after April 1908. The bonds are secured py
deposit with the United States Trust Company OF
New-York trustee Of the mortgage OF *4V"Wo
unified mortgage ffty-year per cent god ooi'us
and 5000 900 Paducah and Memphis hfty-year first
mortgage per cent gold bonds. The proceeds OF
tbts loan have been used to retire 100000 Louis
VILE & Nashville consolidated mortgage per cent
bonds. which matured in April. 1898 TO reimburse
tho company for the purchase OF the Paducah and
Memphis Division and for moneys expended IN
addition and improvements upon II. and Tor other
properties purchased in the past by the company
Dividend payments at the rate OF per cent per
annun have Just been redeemed by the LOUISVILLE
and Nashville Railroad upon its capital stock or
10000 The price OF the bonds as offered VIII
net a. per cent II redeemed In 1903. and nearly 4lO
per cent II allowed TO run 10 maturity. The sub
scriptlon books will open al 10 o'clock on January
Is and close at o'clock the same day, or earlier at
the discretion Of the firm. The bonds VIII be de-
llverable on January g.