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financial
nmmerna
Supplement
Quotation
nmirit
Investors Supplement (Quarterly)
State and City
SATURDAY, AUGUST
73.
She
Vlearingt
Transient matter
$4 20
STANDING BUSINESS CABDS.
Two Months
(8 times) . . 22 00
Three Months
(13 times) ..$29 00
"
(26
).. 50 00
Months (52 " ).. 87 00
Six Months
Twelve
&
Pine
DANA COMPANY,
Street,
Publishers,
Corner of Pearl
Street.
NEW YORK.
Post Office Box 958.
OUaringi— (leturtu by Teleoravh.
WttK Ending August 10.
New York
Boston
Philadelphia
Baltimore
$839,953,833
200.004,411
+56-0
+10-6
$1,039,958,244
805,803,174
+47-8
+43-4
all oitles, 6
days.
$1,845,760,418
^+46 8
11.531. 159.481
285,818,217
All oitles, 1 day
Total
$1,310,083,057
321,0U6,417
81862,836
oitles, 6 days
oitles. 6 days
Total
6,316.256
+73-0
+84-8
+13-0
+18*7
+18-5
+23"J
+14-8
116.531,565
Seven
Other
all oitles
for
week
$1,886,378,701
i
The full details for the week covered by the above will be
given next Saturday.
We cannot furnish them to-day,
olearing8 being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
night.
present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Aug. 3, and the results for the corresponding week in 1900, 1899 aiid 1898 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a gain of 35*0 per cent. Outside of New York the increase
over 1900 is 14 1 per cent.
-
Week ending August
Lowell
New Bedford
1901.
IWO0.
1,045.915
853.400
782,081,789
88,4*7.887
81 516,835
19 641.220
5.057,847
2 405.855
2,570,666
8 079 369
1.033 606
1,848 261
080 684
472 OOP
299 405
8»6.4Vi7
S5 711.97J
80,2l7 673
5 380 278
2.885,148
8.047 413
2,813 088
1,180.147
1.881229
Va...
242,185
f53 4 "S3 Not Include
630.073 Not include
936 049.431
1.844 39S.BU
Total Middle
1898.
•
+61-3 1,029,889,476
+17
+13
8)
+8*9
+4
61
'
8*,807.866
25.63J.401
17.475 8271
4 441 890
-8-9
+14-7
8.204 982
2.860,i 52
+113
1880
+8 4
+8 8
+8 6
-25-8
+08
401.654
W.
Eng..
Chicago
Cincinnati
Detroit
Cleveland
Indianapolis
Peoria
Toledo
Grand Rapids
Dayton
K vans vllle
Youngstown
Lexington
Springfield, Ohio..
Canton
Jacksonville,
111...
Suincy
loomington.
Jackson
Ann Arbor
Tot. Mid. West'n
San Franoisoo.
Salt Lake City.
Los Angeles...
Seattle
Spokane
Tacoma.
Helena
Fargo
Sioux Falls
Total Paolfio.
Kansas City
Minneapolis
Omaha
Paul
Denver
Joseph
Dea Moines
3t.
DavenportSioux City.
Topeka
Wichita
Fremont.
Colorado Springs..
Tot. other West.
LOUlS
New
741,168 873
85,829. 67a
18,741 893
16 040 628
8.710 194
1,878 737
,
7O8j
1,151.973
1,060 877
959 065
481.800
270,000
888 373
1,014 060
800 4*7
684 07 J
350 30L
1
Orleans
Galveston
Houston
Savannah
Richmond
Memphis
Nashville.
Norfolk
Augusta
Knoxvllle
Fort Worth
Rook
Chattanooga
Jacksonville
Total Southern..
Total all
Outside N. York.
8.827,3701
11,068,994
6.71O.4C0
4.964,700
3,080.654
1,774 291
2,401 674
1,0*6,276
1.027.998
648.646
217,502
450,615
507.203
460.000
330.0C0
821.668
365.416
871,175
163, 294
240,000
234.154
135,000
178/00
Not Include d
1800.
1898.
Cent.
+88
128.e08.349
0.111.200
2.680.580
102.108.640
4.444,8(0
+7*1
1,882.15.'
+4*0
1,448.683
1.317,265
1,447,931
1,427,163
1,637,410
1.518 461
4
+16-0
+8 4
+44
1
+232
+110
1,506,181
785,187
400.421
48",475
800 000
668.887
657.022
618,963
143,878,272
116,615.602
138.586,478
14,178.860
8.631.704
10.708.826
92.829.842
11 691.860
7.884.235
8.080,568
4,fr02.737
4332,462
4.408.300
2.618.514
1.839.152
2.423 C67
1.016,017
998.822
789,423
2-6.385
896,677
8,600.000
8.740.120
1.482.955
-17
+18
1
-8'i
+28-3
+81
+18
+84
7
5
+887
+88
+48-3
+28*3
+4
5
+7'6
-64
+305
+6*'l
-3'«
-4'6
-2'4
1.091 868
874,810
745.493
628.175
298118
800 000
483,982
443,400
263.531
147 888
183 426
182.609
883.437
344.100!
+167
+25 7
808.400
239.864
285.319
268.953
118,138
+2 3
+89 6
+36
+9
2,402696
9
+47
+87
In tot al.
306.460.872
18S.818.052
+118
178,556.3*6
138,1016*0
25,589 478
8,886,196
1.8*5.000
2.898.288
2 727,195
1.008.848
1,078.668
786.878
247.414
+20-0
18.531.552
8,859.690
1,392.701
1.779,458
8.405.06*
1.914.174
1,067,290
717.714
248,609
161 166
18,865 018
1.808.844
1,557,442
1,378,005
1,100 898
767.874
700.000
545.138
161880
21.271.555
1 8«8.290
1 655.872
2,101.152,670,980
910,948
1.040.669
791,761
840,708
148.102
88.676,784
82.6ul.829
30.868.d08
81.to78.72*
10.186.036
8,887 822
6,885,^23
4.885 058
4.147,200
6.757,166
1.250.00U
1,468.290
975,972
086,846
495,380
149.969
717.817
18.985.081
0.007.076
6,678.682
4,675.647
4,713.890
8,742.821
1.887,116
1,088.870
847 881
837.735
11 623 012
8.5-1.146:
5 652.156
8 97d,t61
3.354 413
8,680 2-8
1.854.856
1,018,696
10.651.161
6,907.242
6.674.425
8.685 804
486 515
116 871
include
Not
+54 9
+108
+141
+61
+W1
+2-8
-7
1
+8"8
+4
+183
+37*8
—1-8
+2 8
-6 8
—18
+58 8
-5 8
+335
+16-1
705 078
+177
486.677
472.1-1
104,142
+1-8
+28
3
In tot al.
176 000
98.670
2 973 814
8.785.548
1,019 316
1,056.8 15
805.775
472,744
883 248
74.16*
63 603.961
46,608 684
+ 15-1
40 604.201
86,311,616
41 490 316
23.457,887
6,960 2341
8,153 319
2,8 IS. 000
2.425 000
3,683 422
3 169 014
1653 817
1.298 8881
1,847 453
1,168.719
+45
31.398 980
6,916.767
8,177 679
21.388.438
4-17
+12*
+50 2
2 436 450
2,419.074
2,938 861
3.819 013
1,887.139
1,842.812
1,482.312
1.888.082
731.050
8
—57
-18
+80
5
+31-5
4-89
+18*8
+0
4
718 090
4-8 8
600101
450.182
+35-0
1.061.348
718,436
618,000
1,036419
729.235
511.000
833 167
908.060
193 801
479.015
886.883
808 408
64 006 131
1,874,617.876 1.388 430 881
80.500.418
691,762.265
606 860,072
16 199 066
11.618 080
8,075 906
1,760 000
12 813 339
8,836 8*5
1,000 817
768,878
701.417
671.765
811.669
781304
+n
—15
—18
+48
+43
8
4
2 030 869
1.792.i»53
3 187.875
1.413 403
1,357 925
1,204,156
1. 101 580
719.S08
56 5 070
803 169
524 180
42J.000
282 888
8.697.120
1,143417
1,080,786
1.830.711
888,040
443,418
46*453
874 898
864 018
8.i0,OOO
84* 548
366 861
20*696
01.436*6*
9
+85.0 1,831 376.472
+14"!
7,004,198
2.593.400
8.087,867
817 052
148 408
_4-!-0'3
+83
6 401246
I
51 378.168
081.183,810
601 606 097
488 886 498
888
609
6H3
000
18 600.000
7.704 (>65
1 550 416
1.652.T49
7*7 178
875 !8S
628 016
1.003 78*
676 090
684 346
29.008 »36
84 687.187
OAHADA—
Montreal
Toronto
Winnipeg
Halifax
Hamilton.
st.
John
Viotorla
Vancouver
Quebeo
Total Canada
852 061.647
186.794,693
13914,2001
3 613.076
,
Atlanta
+65-7
6 1.178 612.203'
188,775.884
16,647,0 J0
10.991,668
13.884,891
6,086.878
6,400,030
4 507,181
2 169.597
3.512.818
8,663.511
8,694 876
2,615 500
Louisville
in tot!
in tot
+48
124.426,881
972,638
848,851
876,846
434,304
484.898
449.000
873,612
278,298
871,512
368.091
169,010
263,886
245.221
140,000
61,876
Springfield, 111
St.
2.352.2*9
1,3 15.008
1.300,717
1.118.B87|
1,049,60?
668.854,
406.840
886.S64I
8d8,859
158,176,881
1
Birmingham
1800.
Cent.
»
1,183,165.610
87.f83.79-
New
109 900 232
5.639.100
315 105
Holvoke
Little
New York
....
Macon
8.
at—
1901.
Wheeling.
Portland
St.
We
Clearing!
Worcester
Fall River
Portland
$556,872,485
61.281,440
58,905,791
14,866,978
08,859,873
85.317,816
6,500,000
17.078,9<>7
Chicago
St. Lonli
New Orleans
P. Cent
1900.
1901.
1982,670,378
109.539.100
66,598.489
..
New Haven
Springfield
Rockford
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day, Aug. 10,
have been $1,826,372,701, against $1,874,617,875 last week and
$1,245,760,418 the corresponding week last year.
1901.
.
Akron
Kalamazoo
CLEARING SOUSE RETURNS.
1900.
185.884,817
6.818.800
8,550,868
1,408,910
1.853,518
1,604.447
1,398,809
789,925
488,489
890,868
Milwaukee
Columbus
Smith, 1 Drapers' Gardens, E. C, will take subMessrs. Edwards
scriptions and advertisements, and supply single copies of the paper
at 1b. eaoh.
3.
at—
Boston
Providence
Hartford
Total
London Agents:
B.
NO. 1885.
1901.
Advertising—(Per Inch Space.)
WILLIAM
the Librarian of Oonfrress.)
Week endint August
<&\ivomtlz.
Terms of Subscription— Payable in Advance:
For One Year
$10 00
For Blx Months
600
13 00
European Subscription (including postage)
European Subscription Six Months (lnolnding postage)
7 50
A 2 14s.
Annual Subscription In London (lnolnding postage)
do.
do.
Jills.
Sir Mob.
:
do.
Above subscription Includes—
8TBEET BAILWAT SUPPLEMENT
Thb Quotation Sdpplkm but
STATB AND OlTT SUPPLEMENT
Thb Investors' Supplement
ot
offloe of
10, 1901.
PUBLISHED WEEKLY.
Terms
Supplement fy^m^
Dana Oomfakt, In the
[Entered aooordlug to Aot of Congress, in the year 1901, by the William b.
VOL.
4^^^
Street Railway Supplement
(Monti.i y)
766.«8W
658 657
1,001000
include
83.406 766 ^88 270 686
1.801.006,
...
1.777 631;
No t
+20
14.034
8.845
1.787
1.480
6
+807
+83
— P8
+5V-
-84
-12 5
—18 s
In tot
+lv«
L
THE CHRONICLE.
258
and the market has recovered tone and a fair degree of
At this juncture it is well enough to record
THE FINANCIAL SITUATION.
The
strength.
week has been the action
the Amalgamated Association
chief event of the
the President of
[Vol. LXXI1I,
of
of
the fact that
almost every condition other than this
unnatural, heedless and bootless action of the leaders
of the Amalgamated Association of Workers is as
favorable as ever before in our history for another season of industrial progress. Take consumers as a
Workers extending the steel strike to all the mills of
the United States Steel Corporation where that assoNo doubt this action will enciation has a standing.
immediate victims will be whole and we cannot remember a time when they
most
Its
tail great loss.
the strikers themselves; indeed, it must prove to them were so full of Burplus funds and consequently so able
a permanent loss, for the Steel Corporation cannot to consume largely the products of the soil, the
The stake at risk is indus- spindle and the furnace. We need hardly say wages
yield the point at issue.
this is
a conspicuous feature of the
trial progress in this country, and whether the con- are high;
very few exceptions. Now that the
flict be short or long, it will never end except with the period, with
defeat of unionism.
What
the contest will in
business can only be
effect
the meantime have on general
must lessen the output
Of
of the articles made in the factories stopped.
active
consumption
course restricted production, with
and mills working on old orders, means higher prices,
and also delay in rilling contracts. How far the Steel
Corporation can make this deficiency in supply good
by working over-time in factories still running cannot
be known; nor can it be known how far the effort that
is being made to start up closed works with non-union
labor will be successful. These undemonstrated problems leave the effect of the strike on general business
an open question.
We have given on previous occasions our reasons
known
as events
develop.
It
for believing that the strike cannot be protracted.
season
be
has
said
reached
so
late
a
stage,
we
that
unqualifiedly
can
it
have
raised
the largest crop of wheat
the country has ever harvested and have in prospect an active demand for it at
home and abroad.
Other crops are good too, with the
well-known exception of corn; as to that cereal, the
more recent reports are the
situation the hopeful idea
is
With regard
best.
to its
that the late-planted has
passed through the drought with least harm; and
know
we
summer was
very slow in coming
and the larger portion of the corn planting was late.
all
that the
Besides breadstuffs the situation of cotton has im-
proved.
Now
add to these
already existing for
all sorts
facts the active
demand
of manufactures,
and can
we wonder that our stock market refuses to yield the
It
field to labor strikers, but persistently recovers its
hardly seems possible with little or no sympathy out- tone and strength.
side of labor organizations and the bear contingent in
An important industrial event which occurred on Monstock speculative circles that it could have a very
and
question
of
wages,
strike
is
a
day was the break-up of what has been known as the
extended life. Where a
—
—
therefore a struggle for the subsistence of the individual, his wife and child, there is reason for tenacity
and there is a basis for sympathy in the
public; but where it is a struggle not even for the
existence of the Union, but for such an added power
to the officers of the Union over industry that it can
dictate terms to the whole body of managers and employers, the staying power would in the nature
Indeed Mr.
of things appear to be very limited.
in the grip
seems to be a confesno ring to it; not
There
sion of weakness.
an inspiriting word can be found from beginning
to end ; it is made up of mere platitudes without a
shadow of truth back of them. To be sure, he speaks
Shaffer's order for the
strike
is
of
"fighting for labor's rights" and asserts that
must
ties."
fools.
fight
or give
up
"we
forever our personal liber-
But the wage class are not by any means all
They know well enough that such talk is mere
wind. There are no "rights" they are asked to give
up. There are no "personal liberties" endangered.
A leader cannot fire men with such trumpery. Moreover, to issue a call to people now earning good and
wages to go into a long "fight" without
wages and perhaps no supplies for an indefinite
period to issue such a call under such conditions
without stating a single distinct grievance does not
give promise of a very enthusiastic following after the
satisfactory
—
first
ebullition
is
worked
off.
Fall Eiver Selling Committee.
This committee's work
has a place in the history of the times and its start is*
worth noting. Our readers have, many of them, probably forgotten that the committee was appointed under an agreement signed October 17 1898 by the Fall
River managers of 52 mills. The condition which
led to the combination was the then unfavorable state
of the cotton goods market.
Although the business
revival we are now enjoying was even then widely
under way, the dry goods trade lagged behind and
especially the print cloth branch of it. Production had
so far outrun consumption that stocks of print cloths
had accumulated until the amount on hand at that
date at Fall Eiver and Providence reached over
1,900,000 pieces, while the prices of regulars (64x64),
had dropped to 1 15-16 cents, and the market continued
depressed, with a declining tendency, even at that price.
According to the plan had in mind, a meeting of these
managers was held at which a committee was appointed
with full power to devise ways and means for attaining the objects the association sought, which were :
(1) a curtailment so far as might be found necessary
of the output of cloths, (2) to pool certain classes or
sizes of goods, embracing almost the entire stock of
print cloths, and (3) to regulate from time to time
This
the price at which all goods should be sold.
arrangement went into operation immediately, the
price of regulars being at once marked up by the
Thus affairs stood with no
committee to two cents.
conditions
in
noticeable
until near the close
change
of November, when a demand set in which was followed by an all around advance of 11 6 cent per yard
announced by the committee.
Soon after the first of January 1899 the whole aspect of the trade had changed the current production of cloths was not only fully consumed, but the
-
The Stock Exchange market has shown
relief ever since the
strike
signs of
notice was issued.
While
a kind of
the notice was held in abeyance, it acted as
menace; at every mention of its emission prices suffered a set-back. Now that it has been made public
the subject seems to have in part at least lost its interest, other influences have received more attention,
—
ACGCST
THE CHRONICLE.
10, 1901.]
2.19
The North Western is, of course,
was slowly disappearing. Tina agricultural yield.
indicated that the committee's management had an older road than some of the others, and by reason
been judicious; ostensibly the stimulating causes of that fact has a more diversified traffic; but we know
were short-time by the mills, prices marked up from the monthly returns that the experience of the
by the committee, and buoyancy in all other Great Northern and the Northern Pacific has been
A fact which caused a temporary uneasi- much the same. The explanation is, not that there
trades.
ness was that very Bhortly after the spindles had was no shrinkage in the spring- wheat traffic, but that
got under way making full time, operatives began to the loss in that item was counterbalanced by growth
old
accumulation
urge a restoration in the rate of wages. But affairs had mended so fast that the manufacturers at a
conference on February 27 1899 agreed to return on
April 3 to the wage scale which prevailed prior to the
As an indication of the
cut- down of January 1898.
radical revival which had taken place at the time
when this agreement was made, it may be stated that
early in February the old accumulated stock of cloths
had all been absorbed and on the 20th of that month
prices of regulars were marked up by the committee
We
state these facts
5-16 cents further, to 2f cents.
merely to show the character and importance of the
emergency under which this committee was appointed
and the good work accomplished at that time under
Later the committee was enlarged,
its management.
and recently friction has arisen between it and the
mills, growing out of what has been called a too extreme marking down of the price of cloths. Un
fortunately, the state of the print-cloth industry had
again become somewhat involved. Since the action
on Monday a movement has been begun seeking to
bring about a reduction of wages to go into effect on
September
3.
earnings for current
periods are being scanned with more than the usual
interest, owing to the possible adverse influence upon
Returns
traffic
of
shortage.
of
railroad
gross
the labor disturbances and the corn-crop
It is therefore gratifying to find that just
now
the comparisons with a year ago are exceptionally favorable.
We print to day on another page our
summary and review
July, and we would
of the returns for the
direct
month
of
attention to the results
in other directions.
There
to the
is
a suggestion in
situation of
this
roads which
in
its
may
application
the current
twelve-months have to face a partial or complete failThe sufferers this time will
ure of the corn crop.
not be the lines of the Northwest, but those of the
Southwest. The spring-wheat crop in Minnesota and
the Dakotas will, the present season, be of extraordinary magnitude, the favorable prospect in that regard
having been but slightly modified by the weather conOn the other hand, in the
ditions during July.
Southwest the corn yield will be of very small dimenWhatever the report of the National Agriculsions.
tural Bureau, to be issued to-day, may disclose as to
the situation of the corn crop as a whole, the fact is
well established that in Kansas and Missouri the outturn will be very poor. In view of that circumstance
it would be too much to expect that the systems which
run through, or have a very large mileage in those
States, will not suffer to some extent by reason of that
fact. And yet here, too, the unfavorable results feared
will no doubt be greatly modified, just as the springwheat shortage was on the Northwestern roads. We
know that both Kansas and Missouri will have an
abundant winter- wheat yield, and that there is certain
to be an urgent foreign demand for all wheat that
the United States may have to spare. There is, too,
no evidence that general trade activity is going to
diminish.
Those who are fond of drawing a parallel
between the present corn crop shortage and that experienced in 1894 ignore one very important point of
difference.
In 1894 the shortage was coincident with
trade prostration in the United States, it being the
period immediately succeeding the panic of 1893.
not necessary to rehearse here
the facts set out in that article with reference to the Now there is trade prosperity, with little likelihood
Suffice it to say that the steel strike, even if it should be prolonged,
striking nature of the improvement.
Still another point of
that though all recent monthly exhibits have been will disturb this condition.
there disclosed.
It is
one surpasses in that respect difference is that in 1894 agricultural prices ruled
What is par- low; we got an average of only a little over 57 cents a
all others for the last eighteen months.
ticularly noteworthy is the extent of the increase on bushel for the wheat we exported in the fiscal year
the roads in the Northwest, where there was last year 1894 5. Altogether, it will be seen the conditions now
The and in 1894 are wholly dissimilar.
a great shrinkage in the yield of spring wheat.
result on these roads has all along been an agreeable
There was no change in the official rates of discount
surprise.
Many of such roads are what in popular
parlance are termed one-crop roads, this meaning that by any of the European banks during the week and
spring wheat is the principal item in their grain the unofficial rates are reported easy. The only impart portant feature of the statement of the New York
tonnage, most of the territory in that
of the country lying too far north to admit Associated Banks last week was an increase of $10,853,of the raising of corn on a very extensive scale. 500 in loans, chiefly reflecting operations incident to
It was not thought possible that these lines could es- large settlements on August 1.
The cash was inand
creased
cape a very serious reduction of their tonnage
$2,280,200 and there was a gain of $12,973,700
revenues as the result of the spring-wheat shortage in deposits. The surplus reserve was reduced by
And 8963,225, to $22,165,350. The agency of the Canadian
referred to, which proved of unusual extent.
yet as the months passed it was found that the effects Bank of Commerce has this week received checks for
satisfactory, this latest
and the agency of the Bank of British
North America checks for $825,000, representing
much
smaller than generally expected, and that
the roads were maintaining their large earnings of the
$1,000,000,
previous year remarkably well, in some cases increasing them. The report of the Chicago & North West-
Yukon
were
gold deposited at Pacific Coast assay
offices.
These checks were paid at the Sub-Treasury. Tnese
ern for the fiscal year ending May 31, which we review amounts make $5,000,000 reoeived by the first-named
on a subsequent page, is an illustration of how well bank and $1,368,000 by the Bank of British North
he roads have passed through this period of a poor America since the season's movement of gold from the
1
THE CHRONICLE.
260
[Vol. LXXIII.
The payments by the New York Sab Grain is now going forward quite freely to France
Treasury during the week for unmatured bonds and the United Kingdom, and so urgent ia the deamounted to $118,992 08, making $15,001,615 71 since mand for the staple that it is promptly taken up on
Yukon
began.
auch purchases began. There was a transfer on Friday through the Sub-Treasury of $500, COO currency
arrival, and the commercial bills drawn on English
consignees or banks are immediately rebated. The ten-
to Chicago.
exchango market seemed to have been relieved at the end of the week, there then being a
lighter demand for bills with which to cover maturing
contracts.
The Assay Office paid $865,005 62 for domestic bullion.
Gold received at the Custom House
during the week, $04,455.
Money on
sion in the
call,
representing bankers' balances, has
loaned at the Stock Exchange at
2;}
per cent and at 2
per cent during the week, averaging 2\ per cent. On
Monday and Tuesday loans were made at 2£ per cent
and
bulk of the business at 2£
per cent. On Wednesday and on Thursday transactions were at 2% per cent and at 2 per cent, with the
On Friday loans*were at 2£
majority at 2£ per cent.
per cent and at 2\ per cent, with the bulk of the business at 2\ per cent. Banks and trust companies quote
Time contracts on
2-£ per cent as the minimum.
collateral
are in good demand,
mixed Stock Eichange
especially for long periods, and only in moderate re
quest for short dates, while the supply is not liberal,
the banks being indisposed to roan freely at present.
Eates are 4 per cent for sixty days, 4£ per cent for
ninety days and 4J@5 per cent for four to six months.
The demand for commercial paper is somewhat limited, few local banks being in the market, and the
buying is chiefly by Eastern institutions. The supply
is only fair, the offerings noted last week having
been absorbed. Eates are 4-J per cent for sixty to
ninety-day endorsed bills receivable, 4|@5 per cent
for prime, and 5^@6 per cent for good four to six
months' single names.
at 2 per cent, with the
Nominal
of
England minimum
rate of
discount
week.
Our correspondent further
advises us that the loss was due to shipments of
£962,000 net to the interior of Great Britain,jto the export of £10,000 to Natal, and to the import of £189,000, of which imports £140,000 were bought in the
open market, £30,000 were received from Australia
and £19,000 from China.
close
of
the
The
foreign exchange market has been generally
strong this week, influenced by a good demand for re-
88@4
Eates for actual
89 for short.
opened on Monday unchanged, compared
with those at the close of last weeK, at 4 85£@4 85£
for long, 4 874 @4 87| for short and 4 88i@4 88£ for
cables.
The tone was firm and business was small.
On the following day, while long and cables remained
unchanged rates for short advanced one-quarter of a
cent, to 4 87£@4 88, and the market was strong.
On
Wednesday there was an advance of one- quarter of a
cent all around to 4 85*@4 85| for long, 4 88@4 88i
for short and 4 88£@4 88| for cables, and the tone
was quite strong, with a good demand for all classes
of bills.
The higher rates seemed to encourage somewhat more liberal offerings, especially of commercial
bills, on Thursday, and though rates were unchanged
there was a fractional decline by the close.
The
market was easier on Friday in consequence of a
lighter demand, and rates fell one-quarter of a cent
all around.
The following shows daily posted rates
for exchange by some of the leading drawers.
DAILY POSTED KATES FOB FOREIGN EXCHANGE.
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety- day bank bills in London
2^@2 9- 16 per cent. The open market rate at
Paris is ]|@2 per cent and at Berlin and Frankfort
it is 2|@2f per cent.
According to our special cable
from London, the Bank of England lost £782,908
bullion during the week, and held £36,530,113 at the
exchange are 4 85^ @4 86£ for
for
business
-
The Bank
rates
sixty-day and 4
FBI..
Aug.
2.
486
4 88*
Brown Bro.
{«*£•;
Baring,
<
60 days.
4 86
i
Sight...
4
(
60 days.
4 86
4 88*
Magoun A Co..
Bank British
No. Amerlot,
.
.
Bank of
(
)
85*
Sight— 488
60 days, 4 86*
Sight...
488
<
60 days,
1
Sight...
j
Montreal.
i
Canadian Bank
of Commerce..
Heldelbaoh. lokelhelzner * Co.
Sight...
(
60 days.
LaiardFreres.-.H?^';
Merchants' Bk.
of Canada
88*
4
4 86
4
88*
4 86
4 88*
85*
j
60 days
4
]
Sight..
4 88
The market
.
MON..
Aug
5.
WWD..
TTJBS.,
Aug.
Auq.
6.
7.
TBTTH.
FBI..
Aug. 8. Aug. 8.
88
86
86*
86*
9«*
88*
£8*
89
69
86
B6
89
86
88*
88*
68*
£6
86
68*
85*
68*
66*
68*
85*
88
88
88
88
SB
86*
85*
85*
85*
88
86
88
(6
88
86
88
86
15*
36*
15*
86
69
86
88*
85*
88*
85*
98
88
66*
88*
88*
88*
88*
69
86
86
86
86
88*
86*
88*
85*
88*
65*
88*
86*
§2*
88
8b
88
88
89
86*
88
closed at 4
85i@4 85£ for long, 4 87f
@4 88 for short and 4 88i@4 88£ for cables. Commercial on banks 4 84f@4 85 and documents for payment 4 84£@4 85£. Cotton for payment 4 84^@4 84f,
cotton
for
acceptance
payment 4 S5±@4
4 84f @4 85
and
grain for
854-.
mittance and to cover maturing contracts, and by a
limited supply of bills. Eates for sight exchange adThe following gives the week's movements of
vanced by Wednesday to figures so close to the gold
exporting point as to give rise to rumors that gold money to and from the interior by New York banks.
would be shipped this week. The leading foreign
Received b\
Shipve-d bv
Hit Interior
Week En<Un§ August 9, 1901.
N. T. Banks. N. T. Banks.
Movement.
bankers, however, said that as there was no particular
1613 000
Gain.
$5,702,000
15.089.000
demand for gold abroad, and as discount rates at the
640 000
1 189,000
649,000
Gain
principal centres were low, there was little probability
16,891,000
Gain. $1,153,000
$6,738,000
of gold going forward at present.
The market grew
With the Sub-Treasury operations the result is as
slightly easier on Thursday in consequence of a better
supply of commercial bills against grain, and rates for follows.
sight sterling fell off fractionally.
One
feature of the
market which has not hitherto been noted is the drawing, by shippers of grain to Germany, of sight bills
commercial drafts, as has been
instead of long
customary.
This method of drawing has become
necessary because of distrust growing out of the
failure of
some of the small German banks.
Week Sniine August
9, 1961.
Out of
Banks.
Into
Banks.
Banks interior movement,
The following
L
as
above
Net Change in
Bank BoUUnm*
16.691,000
$5,738,000
21,100,000
21,300,000
Gain. $1163.000
100,000
Gain.
128.291,000
$87,033,000
Gain. $1,253,000
table indicates the
n the principal European banks.
amount
of bullion
August
10,
THE CHRONICLE.
1901.]
Auoutl
Botih of
8.
mrm.
Uula.
%
Total
Gold.
A
M
lulu.
Bilv»r.
A
80.488,906
96.088.947 44.808.133 140.898.CU0 89.889,488 46 503.494 184,71'
si.eoi.uoo lfl.87a.OOO 47.880.000 88.810,000 14 683.000 41.88
70.lt83.000 7.469,000 77.0Ml.000 79,485,000 7,018.000 87,047.000
Rniala
Ant. Unwt'T
39 1B8.0O0 11.118.000
It. 003.000 16,947,000
16.689 000 1,938 300
flpalu
Italy
0,860 600
Netherlands.
Hat. Beli'm*
8 090 000
5,694.700
1,648.030
9,8H\0O0
80.871,000
87,788.000
30.950,000
18,689,000 18,893,000
80.51
17,801,800
15.408.000
1.031,000
17.094.00t
11.816.800
4,870.000
8,940,000
B.908.000
1.470.000
10,77-
4,614,000
47.618.000
4,410.00(
1(8409494 406 MB.887
Tout hit week 818.818 600 105070183 418.4V4.798 808.168.893
4ttl.88l.886 8o8.898.653 103i»3a33 406.686 78 fl
1Q688?484
SI6.536
H<tf
W*
Tot. oreT.
The division (between gold and silver) given In our table of ooln
and bullion In the Bant of Germany and the Bank of Belgium Is made
•
from the best estimate we are able to obtain In neither oase Is U
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we
believe the division we make is a close approximation.
;
THE CHICAGO & NORTH WESTERN REPORT,
The annual report of the Chicago & North Western
Railway Company for the year ending May 31 1901
week furnishes new proof
remarkable strength and prosperity of
received
really
this
portant railroad property.
vious fiscal
The showing
of
the
this im-
for the pre-
year had been one of the most strikingly
favorable ever
made by
a railroad company.
involved a corresponding loss in the North
West's traffic in the late year.
It is important to bear these facts in mind because
!«J00
9, iwoo.
36.530113 80.488.905
86.580.113
nftland
Tranoe
Qermanj*..-
August
1901.
L'Gl
The
ex-
hibit for the late fiscal year is fully as good, notwith-
standing that the company in this period had to contend with a very extensive shortage of the springwheat crop in the territory from which it draws its
make
the favorable results disclosed in the report
before us all the more noteworthy and impressive. We
have stated that the outcome for the twelve months
i
hey
has been fully as good as the exceptional and extraordinary record of the twelve months preceding. This ia
wheat traffic was offset by
These gains, however, have
other directions.
ao because the loss in the
gains in
not served to obliterate the presence of the loss reIndeed analysis of the traffic statistics
ferred to.
the part played by the contraction
in the wheat movement and shows that it was an adIn the first place
verse factor of wide iniluence.
plainly reveals
we observe that while total gross earnings were
aotually a little larger than those for the year preceding, the freight earnings considered separately record
a decrease of $643,739 or 2*01 per cent.
ber of tons of freight
moved there
is
num-
In the
also a decrease,
—
but it is noteworthy that this was very small only
170,493 tons, or but a fraction of one per cent (0*67
With this small loss in actual tonnage, the dep. c.)
crease in the tonnage movement one mile has been
not far from 4 per cent (3*84 per cent), the number of
tons of freight carried one mile having fallen from
3,849 millions to 3,701 millions.
The relatively much heavier decrease in the
ment one mile denotes
move-
a shrinkage in long-distance
wheat in Minne- traffic, such as wheat. The fact that the average haul
sota and North and South Dakota combined for 1900 per ton was only 146-46 miles in 1900-1901, as against
was estimated by the Department of Agriculture at 151-30 miles in 1899-1900, a decrease of 3-20 per cent,
Washington at only 84,835,000 bushels, as against indicates the same thing. Then, we find that the
157,710,000 bushels in 1899. This loss of 73 million average rate realized was a trifle heavier in the late
bushels is the equivalent of over two million tons of year, being 85 hundredths of a cent per ton per mile,
freight, from which its importance as an item of traffic against 83 hundredths, an improvement of 2*41 per
This obviously follows from the same cause.
to the railroads in that part of the country can be cent.
The wheat lost was traffic which is moved at very low
judged.
has
average rates, while the new traffic secured, which
It has been pointed out that the North Western
Dakota,
the
North
in
little
mileage
comparatively
went in part to overcome the loss in wheat, consisted
only
State where the failure of the spring-wheat crop last doubtless of merchandise and other high-class freights,
This is true, the com- on which much better rates are as a rule received.
season was most pronounced.
pany having in fact only 14 miles in that State, but Notwithstanding the higher average rate, the earnings
the circumstance has no significance whatever as indi- for each ton of freight were only $1 24 in 1900-1901,
cating the extent to which it was affected by the di- against $1 26 in 1899-1900, and this again reflects
minished crop yield. Of the 73 million bushels loss the shrinkage in the proportion of long-distance
in production in the three States mentioned above, 38 freight.
million bushels, roughly, was in North Dakota, but
So much for the part played by last year* crop shortsustenance and
traffic.
The
yield of
As already
this still leaves 35 million bushels loss (the equivalent
age in the spring-wheat territory.
South Dakota and
Minnesota, in which two States the North Western
has 1,355 miles, being nearly one-quarter of the whole
5,577 miles of road reported by the company in operaFurthermore, the system's loss
tion on May 31 1901.
failure
in North Dakota cannot be
from the crop
measured by the amount of its mileage in that State.
As against the 13 million bushels of spring wheat
raised in North Dakota in 1900, the product of that
What
State in 1899 had been over 51 million bushels.
became of this 51 million bushels? Manifestly the
bulk of it was shipped out of the State, it moving to
Minneapolis, Duluth, Chicago, Milwaukee, etc. In
the movement of this wheat from North Dakota to
the lake ports the North Western, as one of the principal systems and through carriers to these ports,
naturally got its share, and that entirely irrespective
of the amount of track owned or controlled by it in
that State.
This being so, it follows that the absence of any such wheat movement out of the crop of
though freight earnings fell off, gross revenues from all
sources increased, amounting to $43,098,587 for 1900-
of one million tons
of
freight) in
stated,
1901 against $42,950,805 for 1899-1900. To appreciate the favorable nature of this comparison it should
be recalled that in the previous three years gross earnings
had increased almost 40 per cent,
rising
from
$30,977,243 in 1896-97 to $42,950,805 in 1899-1900.
The
situation then
is
that the 12 million dollars in-
crease of the three previous years was fully maintained
and
slightly
improved upon.
As against the $643,739
decrease in freight earnings there was an increase of
$715,503 in the passenger revenues and an increase
$70,018 in express and miscellaneous earnings.
The further addition to the passenger receipts evidences the activity and prosperity of trade all over
the United States, and it also shows that business in
the spring wheat territory must have continued good,
of
wheat. Some reference
has been made to the addition to the mileage of the
system as a factor in the results. The average numdespite the poor harvest
of
THE CHRONICLE.
262
ber of miles operated in the late year was 5,507 iniles,
operated in the year preceding
giving an increase of 289 miles, or, roughly, 5^ per cent.
Bat the additional mileage could not have contributed
a great deal to revenue. The new road is of the
nature of branches or extensions, and as it runs through
an agricultural, not a manufacturing, country, the
traffic must in any event be light for some time, while
against 5,218 miles
fVoL. LXXI1I.
partmeuts, and to the wise and conservative policy
pursued in its financial administration. Under this
policy, as
we have
often pointed out, dividends have
been kept moderate, and a considerable portion of the
income derived from the operation of the property
applied each year in its improvement. With earnings
the last two years on a really magnificent scale, the
only change in dividends has been an addition of one
very little could be expected from it in the first year per cent to the yearly amount received by the comof its operation.
mon stock, this stock having the last two years been
There was no great change in the aggregate of the on a 6-per-cent basis, as against only 6 per cent before.
expenses, so net earnings also were maintained at the The additional one per cent callB for only $391,124
large total of the previous year.
Including taxes, per year, or $782,248 for the two years. This is all
expenses increased $235,981, and on that basis there the extra amount that has been given the shareholders
is a small decrease in the net, the addition to gross the last two years.
On the other hand, in the same
receipts having been only $147,782,
Bat without the two years no less than $8,711,567 has been approtaxes the increase in expenses is no more than $77,279, priated out of income ($4,169,526 in 1901 and $4,The amount of these 542,041 in 1900) for improving and extending the
leaving a small gain in the net.
against
The property and adding to its efficiency.
$25,774,410.
expenses was $25,851,689,
These outlays of 8f million dollars in the last two
outlays for maintenance of way and maintenance of
equipment were $546,429 less than in the year pre- years for improvements and additions typify and exceding, but were nevertheless on an exceedingly lib- emplify the company's policy and methods, under
The amounts
scale, aggregating
$9,396,072, against only which it has prospered and advanced.
eral
$7,176,204 in 1896-97. The saving of $546,429 is are exceptionally large, and in that sense must maniexplained mainly by the fact that in 1899-1900 the festly be regarded as exceptional. Bat had not the
company had purchased an extra large number of new company through the whole of its recent history purlocomotives (82 at a cost of $1,015,040) and charged sued a similar policy, applying each year more or less
the outlay to expenses; the similar outlay the late money (as circumstances warranted) out of earnings
year was only $172,471, 13 new locomotives having for the purposes mentioned, the company would never
been purchased to replace others. While, however, have reached the position where its operations netted
maintenance expenses were $546,429 less than the such a large surplus available for work of this
should not escape notice either
It
previous year, cost of conducting transportation was character.
$544,803 more, a*ad the general expenses increased that the phenomenal showing for the last two
The company, we have already seen, had a years has been obtained on an average freight
$78,605.
smaller freight traffic, but a much larger passenger rate of only 85 hundredths of a cent per ton per
and at the same time had to pay a higher price mile.
If any one would see the systematic way in which
The addifor fuel and some items of supplies.
the
property has been improved in every direction
tion to fuel cost was $305,443, of which $201,420 was due to the enhanced price of coal, which through reduction of grades, improvement of aligncost the company $1 71 per ton in 1901 against $1 61 ments and almost unlimited other work of the same description let himscan President Hughitt's remarks in
in 1900.
With substantially the same net earnings as in the last two reports outlining what has been accomOn the operating side the
1899-00, the extraordinary income statement of the plished under that head.
After meeting all results speak for themselves. Here is a table which
previous year is fully duplicated.
interest and sinking fund and other charges, the we gave last year, and which we now bring forward
operations of the twelve months show a balance of no with the 1901 figures added.
traffic,
—
than $9,821,287. The call for the dividends at 6
per cent on the common stock and 7 per cent on the
In other words,
preferred stock was only $3,914,394.
six
million dollars in
the amount available was almost
for
requirements
the
dividends. Folthe
of
excess
less
lowing the practice of 1899-00, the management
have appropriated $4,169,526 out of income for ex
penditures for construction and for improvements
Even
Tons moved
one mile.
1900-1
.,3,701,417,722
1899-0.... ..3.849,367,760
1898-9.... .3,229,327,820
1897-8
1896-7
3,030,610,175
2,254,027,285
1895-6,... 2,372,365,483
1894-5
..1,713,655,944
1893-4.... ..1,989,355,696
...
.
Miles run
Train,
Earns, per
by trains.
load.
train mile.
15,928,982
16,341,994
15,489,673
15,640,433
14,971,286
16,809,353
14.662,063
16,063,562
232-37
235-55
20S-48
193-77
151-57
141-13
116-88
12384
tons
tons
tons
tons
tons
tons
tons
tons
$1-98
1-96
1-82
1-73
1-51
1-46
1-34
1-33
observed that the road actually moved
after this deduction a surplus remains of $1,737,367 3,701 million tons of freight in 1901 on a smaller train
over and above the dividends without counting, too, mileage than it moved 1,989 million tons in 1894, the
the net land receipts for the year of $490,563 or the trains having run only 15,928,982 miles in 1901,
surplus of $285,836 on the operations for the twelve against 16,063,562 miles in 1894. The train load in
months of the trans Missouri lines, whose accounts the seven years has increased from 123 tons to 232
are kept separate and distinct from the parent tons, and the earnings- per train mile now average
The total construction charges and ex $1 98, as against $1 33 in 1894, though the rate received
system.
penditures for the year were $10,723,649, of which per ton per mile has in the interval decreased from
$4,169,526 was charged against income and $6,554,- 1-07 cent to 0*85 cent. In conclusion it is worth noting that the ratio of expenses (excluding taxes) to
123 against capital account.
These truly marvelous results, which we do not earnings was again reduced in the late year, being
think are equaled by any other large system in the only 59-98 per cent, against 6001 per cent for 1899*
and permanent
additions
to
the property.
It will be
—
country, are due to the excellence of the company's 1900, 6223 per cent for 1898-99 and 6281 per cent in
management in both the operating and the traffic de 1897-98.
Auuust
THE CHRONIOLF.
10, 1901.]
URBAN AND RURAL POPULATION.
requires a separate enumeration of
returns hav.
all incorporated places, and complete
therefore been attempted which include even ev.
The Census law
Jersey City, Louisville and Minneapolis, which four
have stepped up from Class 6. The remaining eight
that were in 1890 in ClaBS 6 are still there, with larger
and changed positions, and to them 11 more
have come up from the rankB below.
New York has now only about the po[ ulation which
borough. Of places having less than 1,000 populate
London had attained two decades ago, and this advance
there are in number G,819, aggregating 3,007,075 inOld
has been largely by the aid of consolidation.
dividuals and averaging 441; the Census of 1890 re
.Yew York (Manhattan Island) has now 1,850,0
ported 1,743 of such places, haviDg an average of 3
thus not greatly surpassing Chicago, whose growth,
Of the G,819 now, 4,318 have less than 500 people, but
absolutely and by ratio, is much beyond New York's;
their figures are not given separately and so the anindeed, Chicago has added to herself a block of 59S,cannot be carried quite down to the line at
which having the signs of the nearest neighbor within
the range of vision gives the settler a sense of being
al j sis
crowded.
It used to be said half a century ago in Vermont
Vergennes and Slab
that the State had two cities
—
City
— meaning
a hit at
the ambitious notion which
ires
people (54 £ per cent), or the equivalent of a
Ilad Boston taken
city larger than St. Louis is now.
in the suburban places which would naturally come
i
within the consolidation idea, she might
now stand
at
the head of class 2 with about 875,000, and for whatwhich does not alter the fact
ever such a position
—
—
that four pecks are as large as one bushel is supposed
had even then dubbed as city a little place of less
to be worth.
The constituents of consolidated New
than 1,000 and has pince become quite rife in New
York have grown thus in the last three decades.
EDgland, as the Census people incidentally point out.
1870.
1900.
1890.
1880.
But this fancy for the shell and outward form of M anhattan
1,164,673
1,478,103
1,441,216
1 ,850,093
larger things is not confined to New England. Glanc- Brooklyn
599,495
419,921
838,547
1,166,582
ing over the detailed table in quest of incorporated
places having less than 50 inhabitants, we found eight
and desisted from close pursuit of
much abundance, but noted that the banner one,
Queens
Bronx
Richmond
in Colorado alone
so
as far as the cursory examination
went,
is
Surf City
with a ''population" of nine. As a
record of details for necessary reference such small
figures have their use, but for generalizing distinc
tions between urban and rural populations they are
Borough, N.
J.,
cut very fine. Leaving these trivial divisions,
find a comparison thus:
^No. of places.—.
Population—
1,000 to 5,000
5,000 and over
5,000 to 50,000
There
1900.
2,946
1890.
2,211
837
759
624
566
will ever
lines divide cities
we
,—No. of places.—
1890.
Population—
1900.
25,000 and over... 161
50,000 and over...
78
100,000 and over...
38
124
58
28
Total
152,999
200,507
67,021
87,050
88,908
51,693
56,559
51,980
38,991
37,393
33,029
3,437,202
2,507,414
1,911,698
1,478.103
15,468
The point of this is partly in showing the rapid development in the Bronx region, which is that lying
next beyond the Ilarlem R'.ver, and also in Queens
County, which is that portion of Long Island adjacent
to the Bronx and separated from it only by the Sound.
This development is by a process of natural re-distribution which must go on even more rapidly as transportation facilities improve, and the mere political
process of consolidation has not appreciably contrib-
uted to
What
it.
is
of greater
interest
is
the comparative
growth of urban and rural population the whole
be differences of view about what country over.
Taking for this purpose 8,000 as the
into third, fourth and fifth classes, minimum population entitled to give a place rank as
and what makes a city "large." All places that can urban, the Census shows the comparative growth from
claim to reckon by one or more tens of thousands the first thus
Ratio of
count themselves visibly on the way of growth, and in
Total
Urban
No; of
urban
the 10 to 50 thousand class there are now 261, again of
Tear.
population.
population.
places. to total.
48 in the last decade. The Census takes 100,000 as 1900
75,468,039
24,992,199
545
331
29-2
62,622,250
447
18,272,503
the minimum unit of largeness, and 38 cities now 1890
22-6
1880
50,155,783
286
1,318,547
stand as large by this rule, against 28 in 1890. The 1870
20-9
38,558,371
8,071,875
226
1860
16-1
111
31,443,321
5,072,256
numbers in the large classes are:
,
1
Population of—
1,000,000 and over
500,000 and over
400,000 to 500,000
300,000 to 400,000
200,000 to 300,000
100,000 to 200,000
Class 1
"
2
"
3
"
4
"
5
"
6
1900.
3
3
5
8
1890.
3
1
3
9
12
19
1850
1840
1830
1820
1810
1800
1790
tions in so doing.
— New
Washington— are
5 in
1890
The
other four
Orleans,
still
members
Class
11
6
6
12-5
8-5
67
4-9
4-9
40
34
is
urban to
any incorporated places. This raises the total
urban* percentage to 37*3, against 32 9 in 1890 and
25-8 in 1880.
Little Rhode Island, comprising not
much except her two cities, has the highest urban
percentage, 89*8, the District of Columbia necessarily
excepted, that being all city.
Massachusetts stands
tain
next with 83.
The North
Alantic division, consisting
New England and New York, Pennsylvania and
New Jersey, has a percentage of 57 "9, which in the
of
Milwaukee and South Central dwindles down
together with Newark, arately compare thus:
Detroit,
there,
of
85
44
26
13
2,897,586
,453,994
864,509
475,135
356,920
210,873
131,472
3
shown a progressive increase in the ratio of
total population.
Another computation
lowers the urban minimum to 4,000 and also includes
New England towns of that size which do not conIlere
There are naturally some shiftings in these classes,
as well as in relative positions of their members.
Class 1 above is unchanged in any respect except the
population figures, but Brooklyn, which in 1890 was
the one member of Class 2, disappears by consolidation; St. Louis, Boston and Baltimore standing by
themselves in the same relative position as before,
now move up a notch, going from Class 3 in 1890 to
Class 2 in 1900 ; Cleveland, Buffalo, San Francisco,
Cincinnati and Pittsburg also go up a notch from
Class 5 to Class 4, and also change their relative posi-
23,191,876
17,069,453
12,866,020
9,638,453
7,239,881
5,308,483
3,929,214
to 12.
The
States sep-
THK OHRONIOLB.
264
Ratio of urbim to
total population.
1000.
1890.
89-8
oi-c
Rhode Island
83*0
869
Massachusetts
63-4
71-2
Now York
58-0
67"6
New Jersey
04-7
65'5
Connecticut
51-1
45
o
Pennsylvania
51-0
420
Illinois
45'0
489
California
48-2
45-8
Maryland
37*6
467
Now Hampshire
44-8
37-8
Ohio
41-4
38-8
Delaware
41-2
40-8
Colorado
31-2
.372
Mlohigan
36-4
33 8
Washington
34-2
362
Maine
34-9
803
Missouri
34'5
Wisconsin
30 9
30-9
310
Minnesota
23-1
30-6
Indiana
29-4
Utah
330
17-2
28-8
Montana
28'9
28'8
Wyoming
21-5
27-6
Oregon
25-5
Hawaii
255
-
The
Ratio of urban to
total population.
-:»o.
1900.
23-6
25-1
12-1
21-0
25-8
20-8
i
Louisiana
Vermont
Nebraska
'
two thirds of her people live in incorporated
places, and she has a larger number of cities of 25,000
and more than any other State. Such is the citymaking power of the factory, to move people to the
tages;
work there, as well as for distribuwork production and handling. Xow speculaas to the former of these two must take account,
and perhaps most, of the question of power. The
Iowa
Kentucky
205
17 5
cities for factory
19'7
17-ft
tion
KiiiiHas
192
Florida
Virginia
16-5
Texas
Tennessee
Georgia
South Carolina
14-9
J5-7
14-6
15-0
13'0
12*4
12-3
165
141
139
11*7
11-6
73
West Virginia
Arizona
10 G
Nevada
Alabama
106
100
58
180
North Carolina
South Dakota
Arkansas
Idaho
New Mexico
North Dakota
8
7-2
6*9
8*8
82
60
29
5"4
62
—
61
3-9
Mississippi
5-4
5*3
5"6
4-0
Oklahoma
5
Indian Territory
25
—
5*3
only State where the urban population shows
an absolute decrease is Nebraka. The urban percentage shows decrease in Nebraska, Utah, Nevada,
Oklahoma, Wyoming and North Dakota, although in
case of the last two the decline is only a small fraction
Even rural Vermont, while declinof one per cent.
ing 11,219 in her rural population, saves herself from
sharing the solitary backward fate of Nevada by adding 43,058 to her urban, so that, while having only
two places of over 10,000 population, her urban ratio
Remote
increases about 80 per cent upon itself.
grazing
and
agricultural,
or
used
regions, which are
to be so regarded, such as South Dakota, Arizona and
Montana, show the same tendency to urban, which
may be set down as due to natural and permanent
forces, since it is thus far bo«h general and continuous.
Yet, whether this is a movement destined to continue indefinitely without abatement is a difficult question which should not hastily be answered affirmaCities grow because they are centres of
tively.
distribution per commerce domestic and foreign, of
production per manufactures and of centripetal atThat American phetraction per force of numbers.
nomenon, Chicago, is an example. Its site is not a
seaport, although (as some recent experiments have
demonstrated) it connects with all the water on the
[Vol. LXXI1I.
tion
first
—
murkiness of New York during
the last dozen years is itself one sign of the growing
ecarcity of anthracite, and fuel must become more
and more a problem.
On the other hand, the discovery that running
water can be made to turn wheels and produce electric energy is in a sense a new one, and it opens a door
to possible changes which we cannot now measure.
Niagara may suffer a scenic loss by being f 'harnesBed,"
but Buffalo already makes a commercial gain. The
same process is to be applied, on a still larger scale,
farther down the stream, and the hint is being taken
elsewhere, for where there is a fall there is opportunity for cheap electrical production. A "power"
thus has an increased effectiveness, and electrical
steadily increasing
transmission also comes in to enlarge the radius of
and correct what has seemed the mistake of
placing constant large natural force where it could
not be profitably used, so that wood and coal have
service
been depleted instead.
This transmission has seemed to be closely limited
by the copper required, but nobody can set a limit to
discoveries in the field of electricity; hence it is not
impossible that the water of the lakes may yet come
into practical readiness to turn wheels on the edge of
The like process being
the Harlem River here.
reproducible all over the country wherever there is now
water descending to waste, from the stand of power,
nobody can define the possible results; but if the
pressure for low cost should develop a tendency to reverse or check the familiar process of concentration
and subdivide factory production by bringing it
nearer natural sources of power, the workers would
follow the factory.
This would be relatively not
necessarily by reducing the urban factory but by developing the rural.
It has also been found that population does not increase like a rolling snowball ; some retarding forces
set in, or otherwise the balance of things might suffer
—
no navigable river like the Hudson or disturbance, and these forces may work to limit the
Population of the whole
It has the Lakes, but Lake relative growth of cities.
even the Delaware.
Michigan has a long frontage and there is no appar- country will undoubtedly grow up to a limit which
ent natural reason for a great city j ust at that spot nobody can assign. Lirge cities will become larger,
except the convenience of the tiny river now con- and smaller ones will gradually move up to the
nected with the Mississippi. Chicago is entrepot and next higher rank, with the village becoming town,
that is its ex- the hamlet becoming village,
and virgin terrire-distributer for the great Northwest
Boston may be classed by itself as the tory being opened for settlement, as in Oklahoma
planation.
sole American example of a local commercial port last month.
But behind all is the immovable fact that the raw
which is also entrepot for a definite maaufacturing
Philadelphia is an inland seaport (if the material which keeps the whole moving must come
section.
expression be allowable) and is itself largely engaged from field and mine; that inter-dependence between
in manufactures. New York alone had all the naUiral urban and rural is not a whit greater in one direction
advantages and is the only national port, with no than in the other; and that the centripetal attraction
decadence to the city (partly from gregariousness in human
present signs of the long- predicted
must
admit
has been tempted, nature) must ultimately meet counter forces from
which, indeed, we
There are natural
if not quite earned, by conduct that is slothful, and without, if not also from within.
The time and manner of the equipoise are
reactions.
worse.
Behind Boston is Massachusetts as a guarantor, a beyond foresight, yet population will certainly come
factory State with so few natural gifts of climate and to that in obedience to natural laws, and there will be
soil that to her might be applied the old saying that no disproportionate arrangement of the whole into
globe.
It has
—
the born Yankee gets rich by selling his disadvan-
cities.
August
THE CHRONICLE*.
1901.]
10,
derwent very decided contraction, hist year it fell
II from 81,837,536 bushels to 17,986,075 buahela, and
the present year it has shrunk to 10,30 3,993 buati<ds.
RAILROAD GROSS EARNINGS FOR JULY.
tonnage and revenues are to fall off at
the result of the corn-crop shortage and the steel
strike, there is as yet no evidence of the fact in the
If railroad
0.1 the conreturns of earnings for current periods.
trary the compilation for the month of J uly, which
we
remarkable record
present below, reveals a quite
Only ten (Uys having elapsed since the
close of the month, the statement is a trifle less
comprehensive than these early monthly exhibits of
of
gain.
but
ours usually are,
miles of road.
earnings
On
over
it
nevertheless
this mileage
covers 96,881
best
jaides
this,
$0,551,540, or 1340 per cent.
amount and ratio of gain, the result is the
shown by any monthly exhibit of this kind for
for
wheat, corn, oats, barley and rye foot up
only 39,432,085 bushels this year, against 48,851,799
Tue
bushels in 1900 and 55,310,376 bushels in 1899.
receipts
of
following are the details in our usual form.
RKOBIPT8 OP PLOUK AND GRAIN POR POI'It WEEKS ENDING
JULV 27 AND SINCE JANUAlir 1.
JTour.
Wheat.
Com,
UaU.
Barley,
(bt>U.)
Ibuih.)
(Iwh.)
(tAUh.)
(Inuh.)
6.784,402
(lhitaoo644,704
wks. July. 1901
443.08'*
l wka.July.1900.
Sinoe Jan.l, 1901 5,713,797
Since Jan.1. 1900 8,200,918
I
307,04
wkB.July,1901.
8 1.970
wks. July, 1900.
sinoe Jan.l. 1001 l.*13,605
-luce Juu.l, 1900 1,600,035
The improvement is not only notably large, but it
more general and extended than for a long time
past.
Out of the 94 roads contributing returns, only
6 fail to share in the increase, and in every case the
falling off is small.
Oi the other hand the list of
1
4
LnutB—
wks July. 1901.
4
wka. July. 190o.
is
roads distinguished for striking gains
unusually ex
tensive, and they come from all parts of the country.
Thus among the trunk lines there is the New York
Central, whose returns are made up now to show the
result with the Boston & Albany included (the fig
is
ures for 1900 being revised so as to bring
them
to the
and which reports $548,701 increase.
From the Southwest we have the Missouri Pacific,
with 1042,000 addition, from the Northwest the Great
Northern with $415,710 and the Milwaukee & St.
Paul with $301,711 expansion; from the South the
Louisville & Nashville with $237,721 gain, and so
we might go through the list. The following shows
basis),
the increases
down
There are no
losses for this
to $30,000 for the separate roads.
PRINCIPAL CHANGES IN
Increanei.
Minn.8t.P.&S.8teM..
548,701 Chio. Ind & Louisv...
419,567 Buffalo Roch. <fe Pitts.
415,710 Chlo. & East IUinois..
Wheeling & L. Erie....
361 ,71
352,830 Central of Georgia
SIO/'S} Wisconsin Central
273,136 Hooking Valley
237,721 Pitts. &. Western
233.633 Minn. & St. Louis
217,095 Mexican Central
202,236 8t. Louis So uth west.
194,628 Rio Grande Western..
188.472 Toledo & Ohio Central
146,2-14 Clev. Lorain & Wheel.
$642,000
Gt. Northern 8ystem.
Ohio. Mil. <k St. Paul.
Canadian Paoltlo
& Texas..
& 8an Fran.
Louisville & Nashville
Mo. Kansas
Louis
01ev.Cln.Chlc.«feSt.L.
Choo.Oklahoma&Gulf
Wabash
.
Northern Paoiflo*
Grand Trunk System.
64,452
63,607
56,763
54,081
50,750
48,859
48,089
47,027
45,364
42,790
42,060
40,020
39,500
3-4, '94
Texas & Paoiflo
35.01
Southern Railway
139,050 Tol. St. L & West
34,308
Chesapeake & Ohio...
125,268 Peoria & Eastern
33,669
Pere Marquette
110.562 Burl. Ced. Rap. & No..
31,506
Norfolk* Western....
107,760
Denver & Rio Grande
101,3"
Yazoo & Miss. Valley.
1 9,420
Total (representing
Ohio. Great Western..
68,769
44 roads)
$6,283,245
" For three weeks of July only.
invests the
nificance
grain
is
that
movement
it
improvement with additional
'60,800
444,000
4,255,800
121,800
is '.li
3.625.100
6,399,5
6.7 18.6 A.
118,8-8
81,391
1.088.387
1.103,852
!
has been
made
5,748,16 M
4, 809,0.0'
4
9
702,100
8.308 600
8,134 8O0
>(
31.500
87.800
594,000
599,200
f
-mce
Jan.l. 190
luoe Jan.l, 1900
141.126
04.626
1,120 8;0
9J1.890
4 865.904
8.886.329
10,906 08-.
6,229.263
33,4666,75*
867.845
4-7.139
066.P45
859,916
8,095,220
34.80C
27.00
189,015
1J3.500
944,854
160.3S9
1,114,629
l,oii,«aO
88^,0Sfl
927,030!
966,951
1.3U8.615
7 52.16
18.311 4 45 8,120.671
16,401.690 7,902.89.
60.872
30.241
817.083
2,260
3,0
675,-5
6:6 2ck
>
ZM.viO
'ole<«o—
wks. July, 1901.
1 wks. July, 1900.
4
nee Jan.l, 1901
Since Jan.l, 1900
Si
Detroit
857,073
!
1,678.052
167,831
272.700
7.08<»,51
13,9^6,(536
1.681,934
1,781,138
.
2,061,842i
13 517
29.300
2 12.14'.
280,850
68.990
24,820
166,084
69.434
335,338
63,762
8,«00
13.600
993.651
782,600
16,400
16,200
105.600
85,800
6.211
43.494
22.083
2-9.402
167,499
-
wks. J uly, 1901.
wks. July. 1900,
since Jan.l. 1901
-nice Jan.l, 1900
Olevtland-
4
4
131.8-4
868,778
1.876.7021
l
wks
July, 1901.
8 9
4
wks. J uly. 1900.
48,127
H7.678I
1,927
],276.se8'
1, 800.030,
Smce
Jan.l. 1901
Since Jan.l. 1900
116,373
924,771
1C6.489
1.70-J.091!
1,649.424
1,018,530
341,436
774,603
316,076
1,066.289
6.383.12ft
5.029,64
6,907,740
6,061817
162,059
40,800
4<9,100
275,850
976,8
878.100
9.884.000
9,098.8.0
631,400
7.621,700
5.417.100
1.231.450
5*3,571
7,691,717
20,341,946
65.804
23,704
844.0614,8 91. 4 60
892.045
2,616.246
690.39,4
286.390
411,770
5,849,460
3,036,390
984,710
37,^0
6,574,96 i
4,112,680
866,600
766,660
862,434
748,200
5.241,024
6,627,120
421.800
4.000
189,
2,640,9 3
1,525,106
4,000
1
°tor*a—
wks. July, 1901.
4 wks. July. 1900.
43,12f
Since Jan.l. 1901
Since Jan.l, 1900
697,376
4
4", 720
494 62
79(1,000
Duluth—
4 wks. July. 1901.
4 wks.July.1900.
487.600
475.000
1.924. 086
nee Jan.l. 1901
Since Jan.l, 1900 2,243,226
Af4nf»at>oH«—
4 wks. July, 1901.
16.023
4 wks. July, 1800
31
Since Jan.l, 1901
-lnce Jan.l. 1900
8,932.230
3,449,980
7,20*
37.tt82.264
176.U4B
41,357,940
4.915
33,167
257.819
1,19
20 030
17,940
203,890
274.41&
14,400!
476,710|
E annas City—
4
4
3,686,800
8,936,950
wks. Ju'y. 1901.
14.766, 200
9,641,318
>
Total nt all324.1 5S
4 wka. July, 1901. 1,692.678 21.224,242 10,308,993 7,23 ',71^
17.98*1.076 9.866.634
476,9 15
4 wka. July, 1900. 1.530.756 16,192,900
Since Jan.l, 1901 1', 525.b-.il li i2,393,»l 8 il9.8i6.842 90,779.345 10,834,114
Since Jan.l. 1900 i3.X82.041 96.723,58^ 128.196.614 84.472,082 17.183.039
Chicago, as the largest receiving point,
principal sufferer
ceipts.
842,974
229.976
2,763.826
2.600,172
was the
from the contraction in grain
re-
month
for
Taking the
figures for the even
(instead of for four weeks or twentyeight days), we find that the deliveries were only
that point
18,188,140 bushels in July 1901,
against 19,705,613
bushels in July 1900 and 27,335,817
bushels in July
On the other hand the deliveries of live hogs
the same point show a recovery of most of last
1899.
at
year's loss.
RECEIPTS AT OHIOAGO DURING JULV AND SINCE JANUARY
1.
sigSine* January
July.
in face of a smaller
Iq the case of some of
the separate cereals the receipts increased, but treating the grain movement as a whole, there was a further falling off the present year on top of a falling off
last year.
The wheat receipts, which for the four
weeks last year dropped from 20,202,856 to 15,192,900
bushels, the present year increased to 21,224,242
bushels.
154 350
,8*
5,134,8
8.410.424
it.
wka. July, 1900.
since Jan.l, 190.
Since Jan.l, 1900
amount by any road.
GROSS EARNINGS IN JUIiY.
Increase*.
Mtssonri Pacitto
New York Central
IUlnois Central
What
3,731,816
10.555 B14 5,f02 8KH
66 771242 63 51
86,633 01.2 51,813.317
319
460,909
440 30
4
4
at.
6,294 388
1.918 692
19.6^7.251
9.5 4,783
live.
Milwaukee—
over a year.
same
Altogether the
158 bushels, against 470,945 bushels.
year
last
reaches no less than
Both
the receipts of oats in the four weeks
this year were only 7,2 31, 718 buahels, against 9,906,534 bushels last year, and the receipts of barley 3H,«
I!
the improvement iu
corresponding month
the
265
1901.
in the West.
1900.
Wheat bush.
6,830,558
9,248.692
Corn... bush.
6.397,052
11,079,814
Oats. ..bush.
4,840.078
e.osc.ea
156 204
164,250
91,141
225,470
1^,188,110
19,706,618
4-1.888
Rye
...bush.
Barley.bush.
Total Rraln
Klour..bbls.
741,727
l'ork....bbln.
836
Oil
Cutm'ts.lbs.
17,788,816
13,740 666
4,636.001
638.107
Lard
lbs.
8.960,8 15
1899.
1901.
1900.
1.
1890.
2.618,438 21,074,426
15.C 84.38:1 67,0S2,O3J
67,066.992
14,957,189
74.47S.703
9,281.756
54.325.690
51.731.23-
57,999,590
122.208
1,127,103
1,101.832
1,597,382
286,'60
6.103,4 9
8.480.874
6.186.204
>
9,724,583
27,335.847 138.712,6:6 188,04,019 154,210.067
3.103.238
8,993,188
397.603 U.19J,705J
S0,272,69rt 188.167.852 109.658.e4B
S50
122.2W.051
36,780.046
46.121.194
14?
0,156,40"
5,024
tS81>,468
8.8M
6.247,080
5.C0 BS3
0.363,479
880.202
703.148
noteworthy fact, too, that the in- Live hocsNo
crease has extended to all but one of the primary marThe cotton movement in the Sjuth was somewhat
kets, both those receiving spring wheat and those re- heavier than in either last year or the year before. The
ceiving winter wheat which is the best evidence shipments overland were 66,490 bales, against 41,240
that in
all
sections
the indications point to bales in 1900 and 57, ,72 bales in 1899, and the rean unusually large yield, farmers letting their ceipts at the SDuthern outports were 141,003 bales,
old wheat go by reason of that fact.
But while the against 97,969 and 5C,3?3 bales respectively in the
wheat movement increased, the corn movement un- two years preceding.
It is a
—
THE CHRONICLE.
2(56
EARNINGS OF SOUTHWESTERN GROUP.
OK COTTON AT SOUTHERN POKT8 II» JULY, AND FROM
JANUARY 1 TO JULY 31, IN 1901, 1900 AND 1899.
BECKII'TR
July.
Since January
Julu-
[Vol. LXXI1I.
Port*.
galveston
Sabine Pas,
bales
.to.
New Orleans...
Mobile
Pensacou, \c
1,863
14U
40.988
689
1,600
88,716
7,041
16,971
101,684
26,184
18.117
4,323
1,668
993
1.291)
1,746
6,616
8,402
889,688
70,124
49,386
80
1.216
....
460.860
61.878
832.489
79.880
81.0/0
442,023
61,943
06,247
48
2.211
181
61,496
68
78,660
176
17.683
19,986
6,621
164,674
178,198
1,155
1,026
1.186
6,743
28.170
141,008
97,960
Norfolk
Newport News, Ac
I
1890.
1900.
OS
621
Wilmington
Washington, Ao
It
24.811
1.04b
19.088
Brunswick, Ac
Charleston
Port Royal, Ac
Total.
792.822
29,868
920,080
2.374
48,260
9,045
BaTanuah
1901.
1890.
1900.
1901.
606.183
29,270
882,650
64,633
110,212
259,800
67,484
69.074
8.891
22,100
842
468.671
Den.AHIoUr.
1,028.800
Int.AOt. No..
Ho. K. A Tex
Mo.P.AIr.Vt
816.282
1,266,046
a. Gr.
West
seems hardly necessary to add that the gain of
A
to only $2,847,040, or 5 86 per cent; but in the year
Tear
Tear
Tear
Given.
freceding.
Given.
Preceding.
Miles.
Miles.
(127 roads).
100,850
95,686
99,281
98,388
96,881
99,445
96,081
08.160
06.303
04,705
44,054,350
(138 roads).
98,888
05,030
97.784
05.303
91.233
1 to
1807
1808
1800
1000
1001
(125 roads).
100,302
(131 roads)..
06.564
(11
8.021.837
7,127,024
6,161.084
98,905
08,386
03.409
To complete our
July.
A Ohio
Bal.
1001.
1000.
f
$
61,433,416
42,748,910 Inc. 8,205,410
783,467
40,709,245 Inc.
44.646.861 Inc. 7.687,625
43,686,376 Inc. 2,847,040
55,431,411
48,870.871 Inc. 0,551,540
289.601.890
202,883,731
839,364,294
357,609.735
838 734.867
281,608.189 Inc. 4.003,201
263,060,200 Inc. 29,823 444
814,2 J7.353 Inc. 85, J'6,941
817,092,961 Me.39,810,774
809.894.304 Inc. 28.840,563
we annex the subjoined
comparisons for the principal roads, arranged
in groups according to their looation or the characsix -year
ter of their traffic.
1000.
<
Burl.Ced.R.ANo.
Canadian Pacific.
$
387,246
355,7431
8,824,000
2.471,170
Ohio. Gt. West....
609,819
Chio.Mil.ASt.P..
3,682,088
641,050
3.220,327
Duluth 8.8.AAU.
266,62.
244,427
Great Northern..
Iowa Central
Mlnn.A St. Louis.
M.St.P.AS.S.M.
North'n
Pacific.
St. Paul A Dul.
12,679,658 *2,263,848
165,369
251,206
862,486
178.816
294,086
426,938
*2,834,436 b2660808(
S
St.Jos.AGr. Isl..
Wisconsin Cent'l.
Total
180,633
108,427
451.164
490,258
1800.
1898.
1897.
1
303,704
$
800.186
$
810.170
2.385,625
486.500
2,051,368 2,107,002
391,186
882,508
8,384,477
1896.
$
816,184
1,803.576
334,007
2,646 227
194 896
9,815.159
b Includes proprietary lines iD these years.
* In these years includes the earnings of Spokane Palls & Northern.
* Fourth week of July not reported; taken same as last year.
1899.
1898.
"
1
t
Alabama
Gt. So..
Cent, of Georgia.
Obesap.A Ohio..
Oin.N.O.ATex.P.
Louis v. A Naahv.
Mobile A Ohio....
Nash.Chal.A St.L.
Norfolk A West.
Bout hern Ry...
Memphis Div.
$
523,084
167,086
428,702
1,323.002
1,198,634
1,061.165
481,786
2,287,030 52.050.209
+18i,200
a488,200
1625.205
1600,650
1,201,590 1.188,839
897.663
149.6-5
•422.662
}
v c2.807.60 7 c2,668,657
Bt.LouisDiv.3
Total
I
17 1,817
671,043
J
607,284
1,254,703
1,146,068
1,000.850
204,530
170,870
166.828
182.386
1,501.254
130.174
136,402
1,657.068
1,687,013
248,418
f 1,704.026
)
> 2,366,97C
2.177.403 ]
285,460
'
06.801
1,360,103
1,278.183
1,070,211
13,006,017
12,615,416
10,451,484
10,746,806
6,301,305
6.010,006
1,562,339
16,202,728
9,088,365
9,279,641
2,183,208
407,106
1,008,164
85,C09
8,672,332
1,045,499
10,423.281
included only in 1001 and 1000: the Beech Creek RR. and
Kit. for all the years, and the Kail Brook system after
July, 1901, not yet reported; taken
July.
same as
last year.
Buff. Koch. A Pitts
Chicago A Bast 111.
Chlc.Ind.A Loulsv.
Clev.Lor.AWheel.
Evans v.ATerreH.
Hocking Valley...
Central 1
Pere Marquette...
.
Plttsb'g
A
1800.
1898.
1807.
1800.
130,062
588,449
462,082
124,160
475.686
407,641
$
110.769
t
100.414
315,688
169,802
109,477
888,246
321.008
204,645
121,111
00.532
103.080
826,657
870,245
204,820
180.128
427,040
•
183,046
288,673
386,078
340.326
100.600
165.036
*
104,182
318,827
300.231
262,840
119,062
88,728
206,276
2,052.074
1,081,075
1,638.624
+ 191,118
+149.965
311,828
167,901
168,239
87,000
174,201
266,657
131,196
277.667
160,670
71,304
115.874
60,800
177,738
182,087
(
140,064
I
65,554
113,166
60,082
71,461
42.843
+454,719
286.012
138,171
107,431
70.912
135,606
120.539
66,864
6,800,989
4.001.105
4,672,517
4,531,733
743,020
367,005
170,062
240,845
We-tt'n.
L. Van.
rol.
A L.Erie..
Clev. Can. A 80..
1000.
3,066,457
A T. H.
A Ohio Cent..
Tol. Peo. A West.
Tol.St.L. A West.
St.
1901.
03,0.8
201,080
Wheel.
\
Total
270,676
7,402,738
i
138,867
1897.
1886.
9
380,022
815,782
2,636,800 2,881.700
597.640
633,363
811,661
150.354
202,051
102,402
167,682
210,026
6.416,616
t
St.
of Road.
1901.
Alabama Gt.Soath'n.
j/5.143
1051
105
1,198,631
+ 125,288
1,6971
1,476
462,622
609,819
379,245
3,582,038
108,792
133,376
458,571
407,641
541,050
315.638
3,220,327
90,174
118,505
241,476
+54,981
+68,769
+63,607
+361,711
+18.618
+14,871
+217,0*5
7261
929
546
711
929
546
6,569
6,422
292
107
632
336
292
102
563
336
1,891
1,838
352
192
273
352
192
273
1,675
1,673
589
(-3,590
146
162
82
285
589
13
146
168
82
285
+ 183,472
4,042
4,042
+336,788 4,598
353
+97,272
—18,350
262
346
+47,027
+4L9.567 4.215
+ 1,774
96
885
+24.583
555
+5,130
610
+ 11,447
20
+ 1,169
172
+8,498
4,549
&No...
8t.L.Chio. &St.P. 5
Ohio. Term. Tr. RR..
Ohoo. Okla. & Gulft.
Oln.N.O.&Tex.Pao..
01ev.Cin.Ch.&8t. L..
Peoria & Eastern ..
Clev. Lorain <te Wheel.
Col. Sand. AHock'g..
Den v. & Rio Grande..
323,356
299,144
268.259
549,631
480,277
Blvansv.
413.668
&
Cvansv.
<fe
1,052,184
865,271
892,400
882,724
Find. Ft.
Ga. South.
&
Indianap.
Haute.
W. & West.
T.
& Florida
W0
Danville.
t Includes Paducah A Memphis Division In these vears.
b Freight on material carried for company's own use is no longer credited to
•arnings, the item having been eliminated from both earnings and expenses.
Earnings for 1000 are reduced $133,779 by reason of that fa
2/275.294
1,596,279
204.539
201.820
y 35,929
1,023,800
255,627
12,048
29,225
120.128
10.695
102,592
+9,485
+7,069
+ 2,014
+ 56,7*3
+31.503
+352,830
+48,859
—1,116
1.291
7.553
1,845
2/274.418
+876
+233,633
+33,669
+35.0i8
+ 1,935
+ 101,300
+ ll,2o0
+325
+ 3,932
+10,651
+ 2.350
13
225
118
27
472
1.17J
7,433
1,641
. .
Montana Central..
Hooking Valley
niinois Central
Illinois
+ 15,796
1,362,646
170,870
169.802
V63.994
922.500
244,427
11,723
25,293
109,477
8,345
99,002
Trunk of Can. )
Gr. Trunk West.. > 2,365,970 2,177,498
Det.Gr.Hav.AM.)
2,060,188 1,723,400
*t. No.— 8. P. M. & M.
4r.
Eastern of Minn...
Includes Montgomery Division for these years.
* Fourth week of July not reported; taken same as last year.
a July 1901 not reported; taken same as last year
e Figures for 1901, 1000,
and 1808 Include South Carolina A Georgia,
Mobile * Birmingham and 161 miles of Atlantic A Yadkiu and Atlantic A
810
292
1,323,902
Burl. Ced. R.
+480,700
1548,776
6,411,602
310
292
228
118
27
472
1900.
Chattan. Southern...
OnesapeaKe & Ohio..
Valdosta & W...
Belief onte Central..
iJufl. Rooh. APittsb..
Dul. So. Shore & Atl..
Caron.
East St. L.
7,761,156 6.961,147
$
+24,632
1901.
Canadian Paolflo
Central of Georgia..
Knoxv.&No.
Atlanta
Atl.
1,627,601
124.824
Decrease.
149,685
124,166
38,821
15,105
2,318
475,68b
355,743
2,471,170
523,084
^6,259
1,705,457
00,^88
124,169
1900.
174.317
139,962
48.306
22.174
4,332
532.449
387,246
2,824,000
571,943
2,166,220 1.827,667
1423676
Mileage.
Gross Earnings.
Name
057.700
812,802
126,591
121,2,12
GRO88 BARNINGS AND MILEAGE IN JULY.
961.689
400,539
(
87,571
Louis Alton A Terre Haute for all the
Valley are included for
Chicago A Texas for 1901. 1900, 1899 and
not Included for 1901, 1900, 1899 and 1898.
+ These figures are simply the totals of the Chicago A West Michigan, Detroit Grand Kapids A Western and Flint A Pere Marquette combined.
440,6 25
c 2270166 c2.114.130 cl,e07,674
143,186
116.142
273.870
308.204
The Chesapeake Ohio A Southwestern and Ohio
124.070
362.650
840.053
278,744
8,708,633
4,435,407
280.408
70,186
8,420,748
$
256,003
70,804
8,771,088
070.685
>
181,911
359,149
147,003
1806.
1,362,646
2.316.000
(
..
1807.
1,696,279
Ohio. Mil. &8t. Paul.
St.L.
Ohio. Peoria
I
'
1
$
8.300,835
&
1000.
1808.
8.643,605
Ohio. <fc East Illinois.
Ohio. Great Western.
Ohio. Ind. & Loulsv..
EARNINGS OF SOUTHERN GROUP.
1901.
412.174
5,084,136
1901, 1900. 1899, 1898 and 1897, and
1898. Kesults on Yazoo Branch are
2,635,193 2.713,393
238,488
178.926
169,411
12.266,030 1 1,818.092 1,778,819 1,700,711
106,922
136,386
134,421
121,688
240,160
160.632
179.487
167,688
398,616
289,975
329.493
311,973
b2.426.0e9 61,887,536 1.840,861 1,708,604
168,815
126,480
126,184
132.130
132,078
80,968
84,370
63,471
4*9,480
406.795
429,405
428,995
14.78\4!i0 18.103,115 13.211,623 10,377.686 10.691.031
July.
400.688
479,810
»3548606
Includes the operations of the
1901.
489,000
840,618
6,630,688 6,476,653
1809.
(
(
Wabash....
years.
EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.
July.
428,114
581,113
t
2,245,402
585,008
Ann Arbor
analysis,
230,235
807.000
1.801,365
206.274
768,835
807,918
2,100 444 2,010.070
871,807
306.701
407.633
628.406
860.206
884 713
EARNINGS OF TRUNK LINES.
Illinois
roads)
3
2,265.103
386,22"
661,046
Increase
or
Decrease.
July 81
(106 roads)
( 01 roads).
2,583,000
889,900
65,010
682.487
BARNINGS OF MIDDLE AND MIDDLE WESTERN ROADS.
JBarninos.
Tear
Jan.
044,961
688,456
467.835
691,118
*
52.184.486
698.376
219.287
607,866
789,862
preceding (1899) the improvement exceeded 7£ milIn the following + Boston A Albany
lion dollars, or over 17 per cent.
the Walikill Valley
to
back
1897.
give
the
comparisons
we
May 1. 189M.
(116 roads).
(105 roads).
1001 ( 04 roads).
721,2:2
218,100
061,5!i]
Total.
41,432.712
1
703,468
278,802
872.018
Fr.
8.
St.L.
I
1
102667
2.'1.079
420.400
N.Y.CAHt
1807
1808
1800
1000
1806.
121.214
Bouthw.
Texas A Pac.
L.
St.
B.AO.S.W
$6,551,540 in the gross earnings of the roads report- C.CC.A8tL
ing the present year follows successive increases in the Peo.ABast
G.T.of Can.
same month of all other recent years. In July 1900 Gr.T.West
D.Q.H.AM
the gain was not particularly large, amounting then
July.
1807.
146.484
241.476
822.600
W
3,230,0
.
•
t
Cboc.Okl.AG.
225,980
16,848
56,378 2,593,903 2,383,636 2,206,838
Mileage.
1808.
1890.
1900.
1001.
1.
Southern
internat'l& Gt. No..
Interooeanic (Mex.)..
Kanawha
<fe
Mioh
463,529
155.841
427.949
3.056,457
11,043
316,262
j/223.900
176,816
6,013
74.869
386.25'
174,191
380.922
2,636,890
9,269
291.679
y218,770
165,369
4,844
66,371
304
263
346
3,845
96
820
555
510
20
172
August
THE CHRONICLE.
io, 1901.]
(iron Karnxny.
Same
Uileaut
.Vui/i*
of Road.
1901.
Increase o<
Decrease.
1900,
267
1901
Of Road.
1901.
Inert
1900
Mobile Jaok. a k. Oltj
*
Lehigh A Hud. River.
Louisv. Hend.ABt.L..
Louisv. A Nashville.
Macon A BlruiluK'iu
Manlstloue
Mexloan
Mexican
Mexican
Mexican Southern...
Minn. A St. Louis
Central....
National..
Railway....
34.340
67,040
2,287,930
8,520
12,007
1,304,224
616.661
38.660
55,394
2,050,209
2/230,200
1/242,300
y 42.533
fl.l 16
+ 237.721
6,951
10,727
1,322,164
609,024
y51,9u8
294,086
8(1,206
Mlnn.8t.P.A8.8te.M
426.938
362.486
944,961
Mo. Kan. A Tex. ays b 1.255,046
3.075,000 2,455.000
Mo. Pao. * Irou Mt.
155,000
133.000
Central Branch....
10,515
11,326
Mobile JacK. & K. O.
110.462
94.873
Mont. A Mex. Gulf.
625,205
600.550
Nash. Chat. A St. L.
N V.Cen.AHud.Rlv.* 5.940.096 5.391.395
Western..
1,291,599 1.183,839
Norfolk A
1/2,012.102 j/1,817.474
Northern Paclnc.
River
1/95,256
y92,378
Ohio
Pere Marquette
743,920
633,358
Plttflb. A Western..
Pittsb. CI. A Tol. \
357,005
311,651
r
!
t-7,637
-12,100
I
St. L.
Kenuett
A
Ho.
Louis A 8. Fran.
St. Louis Southwes'n
8LL. Van A T. H...
Santa Fe Pies. A Phx.
So. Car. A Ga. Ext...
Sou hern Indiana
Southern Railway.. \
St.Louis Division i
T.Haute * ludlanap.
tit.
18.390
47,270
18,389
27,977
38,926
739,362
240,64.'
A West'n
A West....
93,908
201,99c
1,552,339
270,676
Wabash
A Lake Erie
Clev. Can. A 8o.. J
Wisconsin Central..
Yazoo A Bliss. Val...
Wheel.
*
1/56,460
45.99*
Tol. Peoria
Tol. St. L.
t
1/58,115
126,919
.
Total (94 roads)...
42.540
389,900
106,427
8.904
688.455
467,835
159.354
2.807.607
c
Haute A Peoria.
Texas Cen tral
Texas A Pacific
Tol. A Ohio Central.
T.
43,989
429.4U0
130,633
11,122
961,591
507.855
170,902
c
2,668,557
124,701
39,379
28,071
593,118
202.051
102,402
167,682
1,350,103
499,25"*
386,131
219,926
451,164
316,711
3.261
97
8.1s:i
97
64
64
2,186
1.323
321
8,064
1.266
321
26<
0,876
+ 42.790
643
64.452
1,866
+310.085
+620.t(io
22.000
+ 811
2,480
4,938
889
50
—15.089
390
50
390
1.195
1,196
3,22.
3222
+ 2,87*
+ 110,562
1,555
5,220
224
1,766
1,551
5,218
+ 45,354
352
352
+ 1,449
+ 39,500
+ 24,200
18<
180
640
3)2
636
312
68
1,708
1,258
68
1,659
1.258
158
224
I
(
+ 24,655
+ 548.701
+ 107,700
+ 194.628
1.278
2,222
4,938
224
1,766
+2,218
+ 273,136
+ 40,020
+ ll.f08
+ 1,655
+1
+19,293
154
158
224
182
154
+ 139,050
6,727
6,809
18:
+2,218
+6.611
174
+ 10.8*5
+ 146,244
22:
1,527
+38.594
—8,494
393
248
451
81
+ 34,308
+202,236
+50,750
+48,089
+69,420
80
174
215
1.514
393
2,35?
464
464
950
950
j
1,057
1,001
Boston and Albany included In both years.
Earnings here given are for railroad only and do not o over mining
operations
6 Includes Sherman Shreveport A Southern, Missouri Midland, and
extension to San Antonio from May 15, 1901.
c These figures lnolude the St. Louis Division, earnings of which
were formerly given separately.
V Figures here given are for three weeks only of the month In both
years; the fourth week not yet reported.
Name
of Road.
1901.
Atl.
&
Knoxv.
Butf.
Roch.
North'n.
A
West...
A Pittsburg
Burl. Ced. Rap. A No...
Canadian Pacific
Central of Georgia
Chattanooga Southern.
Chesapeake A Ohio
A East'n UlinoiSi.
Chic Great Western...
Chlo. Ind. A Louisv
Chic. Milw. A St. Paul..
Chlo. Peoria A St. L..
8t. L. Chic. A St. P. 5
Chio. Term'l Transfer.
Choc. Oklah. A Guilt..
Cln. N. O. A Texas Pao.
Ulev. Cln. Chio. A St. L.
Peoria A Eastern
Cleve. Lorain A Wheel
Col. Sand. A Hocking.
Denv. A Rio Grande...
Dnl. So. 8hore A Atl..
East St. L. A Carondel..
Evansv. A Indianapolis
Evansv. A Terre Haute
Find) ay Ft. W. A West
Ga. Southern A Florida.
Clilo.
>
.
Trunk
Gr. Trunk Western..
>
Det. Gr. H.
)
telrand
A
Milw..
Hocking Valley
Illinois Central .o
Int.
Great Northern.
A
Interoceanic (Mex.l...
Iowa Central
Iron Railway
Kanawha A Mlohigan.
Lehigh A Hudson Rlvei
Louisv. Hend. A St. L..
A
Increase
31.
Decreatt
$
1,275.191
1,009 16S
1,139.96?
970 821
284.528
148.217
26,829
3,427,531
2.743,182
234,87',
17.394, 16<
3,838,237
122,477
26,287
3,209,752
2,593,43°
16,643,968
3,441,940
2/45,435
2/54.550
8.738.47S
3,267.416
4,019,143
2,405,897
23,557,793
7,732,409
2,876,03?
3,768,53^
2,332.844
22,518,665
743.212
852.20?
798,249
764,364
1,849,743
2.777.131
3/2.853,337
2/2.793.381
10,200,073
1.487,092
9,492,787
1,369.21?
1,259,26
1,242,93!
j/573,191
6,366,767
1,424.15)
90,144
169,018
816,504
57,237
693,369
135.223
38,342
49,650
25.740
542
217.77b
149,747
750.192
396.297
9,115
1.006,0
391,37:
250,610
73.05^
1,039,124
.......
69,951
707.286
117,8 /*
16,322
39,153
2/612,344
8,851.22t
515,541
62.562
2,900
1.486.7U
93.044
182.835
783,818
55,62";
55,037
87,845
927.38^
13,81";
32,686
1,610
145
693,514
i
OreatNo. St. P.M. AM.
Eastern of Minnesota
Louisville
1900.
TO JULY
$
Alabama Gt. Southern.
Ann Arhor
Atl Valdosta
1
NaBhvllle..
Macon A Birmingham..
Manistique
Mexican Central
Mexloan National
Mexican Railway
— siicau Southern
Minneapolis A St. LouiiMinn. St. P.A 8. Ste. M.
Mo. Kan. A Texas sys.
Mo. Paolflc A Iron Mt..
Central Branch
15.962.470
15,188,08
774,395
12,825.611
1.919.66S
1,229,629
2,647,42.
21,500,21:
2,516,866
2,384,800
1,312, 28t
39,417
542,361
250,372
12.290,162
2,026,44:
£35,449
1,» 90.4 1.
2,656.93.
133,181
376,986
17,143 294
6l,54(
70,840
10,230.710
4.543.13?
18,867,893
2.105,241
2,423,921,224,684
41.144
462.661
277,36.
362,07!-
15,665.167
47,? 04
74.920
9.511
39,129
87,602
1,727
79,69;
26.991
1,914,32
2,634.795
8,657.97^
19,013.95?
746.437
1,567,198
2,756,309
6,450,10?
16.247.19i
741.311
•
-
• -*
4.0S0
71,428
126,112
168,500
4,669,250
2/2,603,200
1/499,14?
-
-
2,632,324
411, 62-
10,302,131-
j/2,434.700
1/506,667
-
106,779
14,906
1,478,127
13.736
7.51H
347.K7
. . •
2,207.867
2,766.762
5.120
287
727
23.
53o
120,866
.
Louis Houthwcstern
Louis V'and. A T II
Santa Fe Pres. A Phx..
So. Oar, a Ga. Bxten. ..
Southern Railway...
8t. Louis Division
4.O25.029
1.165,747
It.
St.
T Haute A
1/543,858
156.599
Inilianap. ..
Peoria..
Terre Haute
A
Texas Central
A
Pacitio
Toledo A Ohio Central.
Toledo Peoria A West'n.
Tol. St. Louis Western.
Wabash
Wheeling A*Lake Erie
Cleve. Canton
A So..
)
$
Wisconsin Central
Yazoo
A
Miss. Valley.
Total (91 roads)
lnorease
STet
3.15 4,191
1,089,3-9
7500,451
147,3 19
152,712
22,901
1,419,62
871
76,3r>>-
10.593
9,25i
19.332,42?
876,79305,99)
369.? 8
6 271.478
1,502,790
644,216
1,523,390
9,981,951
18,013.741
9,141,99b
28,430
485.664
839,955
1,688,075
3.054.230
3,327,351
1,574,274
113.801
3,046,648
2,630,151
7.582
697,201
1,318,682
906.299
26:
i
183,684
4,642,090
I 23
615,786
1,42
1,037.721
29.502
36,328
186
1,6278.5511
,338,734,867 309,894,304 29,804,91?
28,810.563
964,355
'
Earnings from July 1 are for railroad only.
Includes Paducah A Memphis Division in both years.
2/ These are the earnings to the third week of July only.
t
j
THE REPORT OF THE BANK OF JAPAN.
24)-
451
2,358
55,431,411 48,879.871 +6,551,540 96,88V94,705
GROSS EARNING8 FROM JANUARY
1-.
.
Texas
Pittsb. Pa. A Fair.)
Rio Grande Houth'n
Rio Grande Western
St. Jos. A Gr. Island.
,676
1.280
1
+ 42 060
.
.
9o
-4,320
- i
72.59762.887
805.73;>
tfonterej a Mei ouir
4.433.257
4.140,06'.'
Nashv. Chat. A Ht. LI.
B.OI 6,057
Norfolk A Western
8 338.44
1/17,546,170 j/15,902,270
Blorthern ('aoliio
1/753,104
1/729.624
Ohio Rlv«r
Marqiiotte
5,007,587
4,477.203
Pittsburg a Western..)
PlttHb. Oleve. a Tol. [
2.395,902,
2,275,036
>
Plttsb. Palnes. ,v F
292. »21
293,414
Rio Grande Southern..
2.7H7.503
2.631, 7.
Rio Grande Western.
824,151
748.Ui
at. Jos. a Grand [aland.
79,1
5«,782
St. Louis Ken. A Sou...
uls a Ban Fran
5.936.871
4,517,241
121,514
... --..
...
The annual report of the Bank of Japan, presented by the
Governor of the Bank on February 16 last, atd now
issued in pamphlet form, reviews the condition?, which
required unusual financial caution duricg the year then
In anticipation of probable trouble in the money
market consequent upon a marked revival of the
power of consumption, accompanied by greater activity in
both domestic and foreign trade, the Bank repeatedly raised
the rate of interest towards the close of 1899. But the tendency already in motion was not at once arrested; prices continued to rise and imports remained unabatedly active; on
the other hand, exports experienced a sharp decline because
of decreased demand in America and Europe for Japanese
silks and other important commodities.
A specie outflow month after month and a growing scarcity of available capital were the necessary result; banking
establishments thus had to raise their interest rates, and
other consequences were immobility of merchandise and depression in the stock and bond markets. Upon this condition, experienced at the close of the first half of the year,
there suddenly came the outbreak in China and dispatch of
forces thither, producing a still sharper monetary stringency
in anticipation of an imperative demand for military purposes. Some mercantile houses had to fail and some banking
concerns had trouble, and while this is not to be compared
with the war of 1894 5 as to severity of disturbance, it did injuriously affect that part of the business community directly
interested in export trade with China. This injurious effect
(says the report) "was rendered still worse by increasing
passed.
that tendency of the abnormal distribution of capital under
which the country has been suffering
while
it
for
many years, which,
intensified the scarcity of capital for industiial
and
commercial purposes, fed the sources of general consumption
and maintained the upward tendency of prices."
The year's foreign trade was 490,540,000 yen, which was the
largest "ever attained since the opening of the country.
But imports increased and exports decreased, so that the o!d
partly imaginary trouble " the balance of trade,'' is worrying
our pigmy-giant friend among nations in the East. The Bank
called in its loans, raised its rates all it dared, and so turned
down the screws to the utmost; yet still it was compelled to
"We
are arrived (says
"excess-notes."
the report) at an important stage in the financial and economic history of the country. That store of money made up of
the war indemnity and the proceeds of national loans, by
which the country had been conducting various unil takings
resort to issues of
i
since the late war with China, has been nearly exhausted,
while not a small number of important undertaking remain
yet to be taken in hand both by the Government and by
private individuals. But the result of our foreign trade ia
now such that a speedy return of specie to this country can-
THE CHRONICLE.
268
not be expected, and it is not easy to find a way of supplying
an adequate amount of capital for our commerce and
industry."
The detailed operations of the bank present
little
which a
[Vol. LXXI1I
After the dissolution of the firm Mr. Hoyt engaged in butiness on his own account. He had a large clientele, among
whom were some of the most prominent and successful operators in stocks in the "Street," including Commodore Vanderbiit, Leonard Jerome, John Trevor, Benjamin Nathan, A.
W. Morse and E. H. Miller. On some occasions Mr.Hoyt participated indirectly in the enormous deals which were from
time to time conducted by those capitalists. He loaned
large sums of money to Henry Villard in the Northern
Pacific negotiation, also to the Gould interests in the Erie
deal, and more recently to the Third Avenue Railroad Company under the Hart management. In late years he confined his business chiefly to the loaning of money to large
railroad and other corporations. Two years ago he contracted pneumonia, which seriously impaired his health, and
his visit to Germany was with the hope of obtaining permanent relief. Mr. Hoyt was twice married. His first wife
was a sister of Eugene T. Bogart, by whom he had two
daughters, one of whom died and the other, Mrs. Wooc field,
now resides in England. His second wife who was a sister
of Mrs. Shipley Jones, survives him.
Mr. Hoyt for nearly
forty years had an office in Lord's Court Building in Exchange Place, and his cashier, D. S. Kimball, has been in his
employ more than thirty-seven years.
Western man would find significant and perhaps little he
cculd comprehend. What ip, however, significant, and in a
manner timely, is the evidence thus afforded of the wide and
ever-widening changes in the conditions in Japan "since the
opening of the country.'* Wuen birth happens to an individual his troubles begin, and this must in like manner be
true of a nation. Statehood is difficulty; birth as a nation
it;
aggravates
become a Power is to have to
to
take arms against a sea of troubles, many of which
(for consolation be it noted) are of
the vague class,
that shrink in size as time brings them very near.
Japan is Westernizing— it might not be boastful to say,
Americanizing— and her growth already is a spectacle
which challenges our admiration and inspirits, while it
also shculd tend to a cautious boldness and a courageous selfpossession.
Verily the white man's burden is no light one.
Arguing from Japan, what will contradictory China do
when once she has begun ? Really it behooves us to be a little modest, for in truth it must be admitted that we have
dallied and dallied again with financial error and coinage
falsehood and our safe emergence from them (if it is assumed
The receiver of the City National Bank of Buffalo, N.Y.,
that we are now absolutely past them) is due to our natural
on Thursday reported to the Comptroller of the Currency
endowment and our advantages of position, plus the favor
upon the character of the assets of this institution. The ingiven us among the nations, rather than to merits of our
vestigation made by the receiver is said to have developed
own. We should not boast overmuch, nor should little
the fact that the capital, surplus and undivided profits have
Japan take us too closely for model.
been lost and that possibly there will be some loss to deposiThe total liabilities of the bank at the time of its failtors.
ITEMS ABOUT BANKS. BANKERS AND TRU8T CO P. ure were $3,884,649. The Comptroller approved the recomThe auction sales of bank stocks this week aggregate 308 mendation of the receiver for the payment of a dividend of
shares. No sales were made at the Stock Exchange. With 45 per cent to the creditors, which will be made within
the exception of 2 shares of a Brooklyn company, there have thirty days.
been no transactions in stocks of trust companies. The only
—The corporate existence of the National Bank of the
sales reported in the " curb" market were of National Bank
Republio will b8 terminated to-day (Saturday), when its
of Commerce at 379 380 and N^rth American Trust Company
merger with the First National will becoma effective. The
at 251. The new stock of the First National Bank was
report of the bank to the Clearing House will be made this
quoted on Wednesday at 7fi0 bid, an advance of 50 points
week for the last time.
over the best bid made the day before.
Henry C. Frick, who is a director of the Mercantile
Shares.
Banks—New York.
Price.
Last Previous Sale.
140 Broadway Bank, National
SOCu-SOm July 1901— 301
Trust Co. and of the United States Steel Corporation, was on
25 Commerce. National Bank of Z16%
July 1901— 380 78
83 Mechanics' National Bank.... 270*3
July 1901— 2703s Wednesday ^elected a director of the Equitable Life Assur50 Phenlx National Bank.
105^
July 1901 - 109*2 ance Society in place oE the late A. Van Santvoord.
10 Produce Exchange Bank
1901—
—
—
—
.
ISO's
Tbust Company— Brooklyn.
2 Brooklyn Trust Co
425
—The shareholders
July
162
Apr.
1901— 426
of the defunct Tradesmen's National
Bank of this city received this week an additional dividend
of 5 per cent on their stock from the proceeds of the liquidation.
Including this distribution 20 per cent has th.us far
been paid on account of the bank's $750,000 capital stock,
the claims of the depositors having previously been met in
full. A further payment of 5 per cent on the stock is thought
probable. The money for the last dividend was derived from
the sale to the American Thread Co. of the bank's interest in
the Wool Exchange Co. for about $90,000. (3ee item under
caption "American Thread Co." on page 289.)
— We stated in our issue of July 13 that the stockholders of
Bank of Indianapolis were to vote on
on a proposition to increase the stock from $300,000 to $1,000,000. It now appears from the daily papers that
a dividend of 233^ per cent has been declared on the capital
This calls for $700,000, making exactly the
of $300,000.
amount of the increase in stock; $450,000 of the $7(0,000 has
been taken from surplus and $250,000 from undivided profits.
The new stock is issued at par.
the Indiana National
August
6
—The plans for the organization of the long- rumored trust
company by the Everett- Moore syndicate seem now to have
assumed definite shape, and articles of incorporation were
this week, it is reported, filed at Columbus, O., by the comcommittee of the Boston Associated Board of pany. A capital of $1,000,C00 has been settled upon by the
Trade has invited the national banks of that city to send their new institution, which will be known as the Securities Comchecks drawn on batiks in New England, numbering about pany of Cleveland. The primary reason for the organization
sixty-eight institutions, not now remitting at par, to the State is the desire to have an institution for financing the business
Street Trust Co. on and after September 4, for collection by of the syndicate, which now has a number of electric lines (in
express. The object of this movement is to get the sixty- Ohio, in Detroit and elsewhere) under its control. Enormous
eight banks to agree to remit at par, on the day received, for sums, it is stated, were paid by the syndicate during the last
checks on themselves. The proposition is to concentrate year in trust company fees. The new company will locate
these checksln the State Street Trust Co., which will collect in the Electric Building, Cleveland, and will have as Presithe same by express, thus making the expense of collection dent Mr. Frank S. Borton, Secretary of the Cleveland Electric
cheaper than it would be if collections were made by indi- Railway. Mr. Borton is also one of the incorporators, the
vidual banks.
others being Mr. Henry A. Everett and E. W. Moore, respecLouis T. Hoyt, who, in the period which immediately tively President and Treasurer of the above-named road;
followed the beginning of the C.vil War and until the past Charles W. Wason and H. B. McGraw.
—The special
—
two
years,
was one
city, died in
of the most prominent bankers in this
26 in the sixty eighth year of his
Germany July
Mr. Hoyt was born in
New York
and he acquired his
business education as clerk in the office of Jacob Little, who
was one of the largest loaners of money on stock collateral
in the city. In August 1855 Mr. Hoyt became a member of
the Stock Exchange and formed a partnership with David
Groesbeck, which, however, continued for only abcut; a year.
age.
— A sale of
10 shares of the stock of the
Union National
on the Pittsburg Stock Exchange last week (August 2) at 900. This is stated to be the
first sale of the stock of this bank that has ever been made
The only previous publ c sale
on the Pittsburg Exchange.
of which there is any record was on July 12 1899, when 555
was paid at auction. The bank is now giving its shareholders 24 per cent a year. The return of the bank for July
Bank
of Pittsburg took place
:
Auuust
15
showed
THE CHRONICLE.
1901.]
10,
capital $250,000, surplus
posits $4,357,319
and resources
and
of its circulating notes in a single day, they btirj^
profits $1,181,260, de-
of
Hackensack, N.
converted into a national institution under the
J.,
has been
name
of the
Hackensack National Bank. The old officers still continue,
namely: President, David A. Pell; Vice-President, M. E.
Clarendon, and Cashier, H. D. Terhune. The capital also
remains as heretofore, $100,000.
—The conversion is announced also of the Citizens'
Bank of Los Angeles into the Citizens' National Bank.
The capital, formerly $100,000, has been increased to
No change has teen made in the officials
$200,000.
of the institution, which include, William B. Wightman,
President; R. J. Waters, Vice-President; A. J. Waters
Cashier, and George E. F. Duffet, Assistant Cashier. The
San Francisco "Chronicle"' says that J. Ross Clark, a brother
)
W.
A. Clark, of Montana, is one of the directors,
and that the bank will be the official depository of the San
Pedro Los Angeles & Salt Lake RR.
of Senator
—Mr.
Hubbard, the former Vice President of the
City National Bank of Plainfield, N. J., has been appointed
President to succeed the late Charles Hyde. Mr. James T.
Closson assumes the duties of Vice President. Mr. William F. Arnold remains Cashier of the institution, which
J. F.
has a capital of $150,000.
—On
August
4 National
Bank Examiner J. M. Logan
Bank of Austin, Texas.
closed the doors of the First National
Following this news came the information that the private
banking institution of Jam* s H, Raymond, also of Austin,
had suspended business. The two concerns were closely
connected. The private bank had been in existence since
1860. The First National, of which Special Examiner Williams L. Yerkea has been appointed temporary receiver, was
organized in 1873 with $100,000 capital, and was under the
management of ex-State Treasurer W. B. Worthham as
President.
growth, as will be seen from the.following statement which
we have prepared from the returns made by the bank to the
Comptroller of the Currency under his various calls.
(iron
— Pr,
Surplui <t
Aggregate
-tin National
Depotitt.
Uesumcet. tiid. Ask.
Capital. Vrofttt.
Bank ok
$
8t. Loiib.
July 15 1901 .1,000,000
\l>r. 24 1901. .1,000,000
5 19O1..1.CO0.O00
Fob.
Deo. 13 1900.. 1,000,000
Sept 5 1900. 1,000,000
Jiuie 29 1900.. 1.000,000
Apr. 26 1900.. 1,000,000
Feb. 13 1900.. 1,000,000
Deo. 2 1899.-1,000,000
ept 7 1899.1,000,000
June 30 1899.. 1,000.000
6 1899.. 1,000.000
Apr.
4 1899.. 1,000,000
Feb.
Deo.
I 1898.. 1,000,000
Sept 20 1898.. l.OCO.OOO
National Bank of West Superior,
Wis., has called upon its stockholders to advance $25,000 additional, to be added, not to the capital of $100,000, as has
been stated in some of the papers, but to the surplus of the
institution.
The President is Mr. D. W. Twohy; Vice-President, F. R. Crumpton; Cashier, W. J. Kommers, and Assistant Cashier, W. J. Smithson.
&
reported that the Caxton Savings
Banking Company of Cleveland, to whioh we referred in our issue of
June 1, will be ready for business on September 3.
is
—The
stockholders of the Taylor National Bank of Taylor,
Texas, have voted to increase the capital from $100,OCO to
$150,000. Mr. Joseph Speidel is President and C. Mendel,
Cashier.
—A
new
financial institution has been organized in the
Indian Territory.
The bank
Ardmore NaArdmore, with a capital of
Mr. C. R. Smith has been chosen President and
in question, the
tional Bank, will operate in
$100,000.
Lee Cruce, Cashier.
—The
III.,
—The Bridgeport Trust Co.of Bridgeport,
Conn., is increasstock from $100,000 to $200,000. The price at which
the new stock is being sold is $165 per $100 share. By this
process the company is enabled through the premium realized
to add $65,000 to its surplus account. The officials of the institution are Mr. F. W. Marsh, President; Orange Merwin,
Vice-President; Egbert Mar=h, Secretary, and E. H. Judscn,
its
Treasurer.
of directors of the
Fourth National Bank of
Mo., was inoreaeed from nine to fifteen at a stockon Monday last.
According to the daily
papers the bank recently succeeded in putting out $950,000
St. Louis,
holders' meeting
$
10,327,097
9,373,078
7,347,143
6.833,474
6,937.840
6,625,879
6,643,567
6,466,239
6.475,012
6.898,037
6,956,618
7,443,520
6,633,274
6,301,426
6,137,363
254»* 255
250
235
208
205
216
220
220
220
215
197
197
197
197
197
255
240
113
....
220
225
225
225
820
200
2(0
200
200
200
be noticed from the foregoing that the deposits of
months have almost doubled,
from
having risen
$4,602,763 on June 29, 1900, to $8,355,622
on July 15 the present year. Aggregate resources now are,
It
will
roughly, 10}^ million dollars, as against 6}£ million dollars
a year ago, and about G}{ million on September 20
1898.
At the same time the item of surplus and profits has
enlarged and now amounts to $900,243, as
greatly
been
against $799,109 on September 20 1898. There has likewise
been a steady appreciation in the market value of the shares,
which are at present quoted at 254}£ bid, as against only 197
The institution is under the management of Mr.
in 1899.
F. W. Biebinger, President; W. H. Dittmann and Hamilton
A. Forman, Vice Presidents; G. A. W. Augst, Cashier, and
Van L. Runyan, Assistant Cashier.
—On
July 29th a new Paterson financial institution was
organized— the Citizens' Trust Company. Only the President and Vice President have thus far been elected. The
former is Mr. Henry F. Bell and the latter Mr. Frederick F.
Searing. The company will begin business with a paid-in
capital of $150,000 and a surplus of a like amount.
—A
special
meeting of the stockholders of the Indian
of Nashua, N. H., has been called for
Head National Bank
August 26 to consider the question of reducing the capital
from $120,000 to $100,030. The original capital of the bank,
which was organized as a State institution in 1851, was the
amount to which it is now proposed to reduce the stock
$100,000. In 1864 the capital was increased to $150,000, in
shares of $100 each. The reduction to $120,000 was
made in 1862 by the payment to the stockholders of $20 on
each share, leaving 1,500 shares with a par value of $80 each.
1,500
As
an unusual par value, the officers are dechanging it to $100 to conform to that of other
national banks, the Indian Head having entered the national
After the reduction, therefore, there will
8 ystem in 1865.
be 1,000 shares of $100 each. The officers are: Mr. David A.
Gregg, President, and Ira F. Harris, Cashier.
this latter is
sirous of
—The
directors of the Federal Trust Co. of Newark, N. J.,
which reference was made in these columns on July 20)
on Wednesday decided to increase the capital from $500,000 to
(to
with a surplus of $500,000. The following officers
Andrew Kirkpatrick, President; Benjamin
Atha and Joseph M. Byrne, Vice-Presidents, and Charles H.
Ely, Secretary and Treasurer.
were
elected:
DEBT STATEMENT JULY SI
Cashier.
—The number
$
8,855,622
7,370,741
6.406,085
4,936,468
4,998,550
4,602,763
4,695,286
4,568,725
4.617,930
5,077,078
5,146,971
5,609,292
4,823,542
4,523,134
4,295,889
$1,000,000,
Zion City Bank of Chicago,
the present capital
of which is $175,000, is offering $75,000 additional stock at
par— $100. Mr. John Alexander Dowie is the proprietor, Mr.
Charles J. Barnard, Manager, and William S. Peckham,
ing
*
900,243
945,854
881,875
836,421
887.704
8f0,136
888,298
840,663
796,601
778,414
745,695
788,607
762,601
729,421
798,109
the bank within the last twelve
—The Northwestern
—It
placed at
The bank previously had but f 50,000 notes
outstanding, and the amount has now been increased to
The bank has had quite a noteworthy record of
1 1,000, 000.
Kausas City.
$6,036,730.
—According to the report for July 15 1901 of the Monongahela National Bank of Pittsburg, made to the Comptroller,
the proposed increase in capital and surplus, the former
from $250,000 to $500,000 and the latter from $125,000 to
$500,000 has been effected. The President is Mr. Jauuci W.
Grove and the Cashier J. D. Fraser.
—The Hackensack Bank,
269
1901.
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official
figures issued July 31, 1901. For statement of June 30, 1901,
see Chronicle July 27, 1901, page 166; that of July 31, 1900,
see Aug. 4, 1900, page 215.
INTEREST-BEARING DEBT JOLT 81, 1901.
Title of
Loan—
Interest
Amount
payable
issued.
$
416,940,750
198.792,640
2s.
3s,
4«,
Consols of 19S0
Q.— J.
Loan of 1008-1918.. Q.—K.
r united loan, 1907..Q.— J
it
Refund'* certlflc's.Q.— J.
4s,
»s,
Loan of 1925
Loan of 1904
Q.— F.
Q.— F.
740,021,3'
40,012,760
162,816.400
100,000,000
Amount Outstanding.
Registered.
Coupon.
433,610.150
47.4SI.800
203.230 550
12.330.600
51.733 fOO
53,227300
25fl.45T.860
183.315.8C0
38.i-0-)'.639
210
10,i6«.fc00
83,260
162.S16.4O0
21,604,000
1
1.43
i,
Total.
t
44S,94'\750
W.224,800
I8o.476.0o0
Bearing Debt.l.687,9fc2,840 819.h75.050 166,317.760
Noik.— The denominations of bonds are as follows: 4s of 1907. registered. $50. $100, $600, $1,000, $6,000, $10,000, $20,000, $50 000, OOUpon, $50 $100,
Auu'teln
THE CHRONICLE.
270
:
.500, $1,000: *». reminding cert itlral en, $10; 6s of 1904, registered, $50, $100,
il.ooo, $lo.noi) oodpoo $60. $100. $1,000; 4a of 1025 registered. $5i>. $100. $600.
11,000, $5,000. $10,000. coupon. *50, $10", $600, $l.o' 0; 8i of 11'OH- »1H registered.
1
120. $100, $600. $1,000, 15,000, $10.0oo. OOnpOn, $20, »100, $6O0, $1,000; 2sof 1900930, reijisi ered, *r>o. $100, $.r.oo, $1,000, $5,000, $10,000. $60 000, coupon, $60, $100,
$600. $1,000.
DKBT ON WHICH INTICUKST HAS CEASED SINCE MATURITY.
June
foil .led Loan of lSPl.ronl limed at 2 percent, enlled
for redemption May 18, 1900; Interest censed
August
in, IIHK)
rnnde.1 1,01m of lsitl.nintured September 2 1891..
Old debt matured prlorand subsequent o Jan.l
81.
$274/0000
$260.K000
70,400 00
70.800 00
1.070.420 26
'61 1,070,620
1
July
30.
26
$1,415,020 26
Debt on which Interest has ceased
Bonds Issued to PaolflO railroads matured but not vet presented: Union Pacific, $12,000 Kansas PaolflO. $1,000; total.
$l,4OO.8i!O20
$13.000 00
;
DEBT BBAHING NO INTEREST.
$346,681,016 00
53,847 60
28,691,234 50
$15,252,295 68
s,375,98400
6,878,361 68
United States notes
Old demand notes
National bank notes— Redemption account
Fractional currency
Less amount estimated as lost or destroyed
Aggregateof debtbearlng no Interest
$382,302,469 68
RECAPITULATION.
July
Claisiflcat ion of
Debt—
Interest-bearing debt
Debt, Interest ceased
Debt bearing no interest..
31, 1901.
'
$
985.470,060 00
1,400,820 26
382,302,169 63
Jvne
30, 1901
$
987,141,040 00
1.415.020 26
883,015,684 08
Inc. or Dec.
$
Dec. 1.664.980 00
14.800 00
Dec.
713,125 00
Dec.
*
Dec. 2.892/05 00
635,75196
1,869.179.889 89 1,871,572,244 89
Total gross debt
in Treasury*. 327,368,876 88
826.e33.124 92
Inc..
Totalnetdebt
Deo. 2,928,656 96
Cash balance
1,041,810,463 01
1,044,739.110 97
Including $150,000,000 reserve fund.
The foregoing figures show a gross debt on July 31, 1901,
(interest-bearing and non-interest-bearing) of $1 ,369,179,339 89
and a net debt (gross debt less net cash in the Treasury) of
111,041,810,463 01.
Pacific Railroad Debt.— At present the only bonds not
paid or in some manner settled by the companies are the
Central Branch Union Pacific. We consequently omit the
others from our table. Any reader desiring the details with
reference to all the issues will find the facts in the Debt
Statements for March 31 1900 and previous dates.
UNLIQUIDATED BONDS ISSUED TO PACIFIC RAILROADS— THEIR
STATUS AUG. 1. 1901.
Name of Road.
Principal,
Interest.
Total due V. S.
Central Branch Union Paciflo
$1,600,000 00
$2,189,38127
$3,739,33127
realized the sum of $2,122,841 24 from
1901, of its claim against the Sioux City
Pacific Railroad Companv, under authority of the Act of
The Government
the sale on June 20,
&
Congress approved June
6,
1900.
Treasury Cash and Demand Liabilities.— The cash holdings of the Government as the items stood July 31 we take
from the Treasury statement of that date. The net cash
balance and the reserve fund of $150,000,000 have both been
deducted above in reaching the net debt.
CASH IN THE TREASURY.
Reserve fundGold coin and bullion
Trust fundsGold coin
$150,000,000 00
$291,005.689
436,857,000
227,367
45,801,633
Silver dollars
Silver dollars of 1890
Silver bullion of 1890
General fundGold coin and bullion
Gold certificates
Silver certificates
Silver dollars
Silver bullion
United States notes
Treasury notes of 1890
National banknotes
Fractional silver coin
Fractional currency
Minor coin
Bonds and interest paid, awaiting reimbursement
In national bank depositaries—
To credit of Treasurer of the
United States
To credit of United States disbursing officers
00
00
00
00
778,991,689 00
$64,417,541 f 6
36.5S8.2H0 00
5,906 28100
18,488,046 00
1,751,490 90
13,860,317 00
113,095 00
0/51,180 99
10,314,883 29
147 58
562,888 70
If 0,923 21
$160,389,969 28
96,254.494 18
5,706,84164
101,961,335 82
262,351.305 05
1,186,842,994 06
Gold
certificates
Silver certificates
$291,006,689 00
436,957 ,000 00
Treasury notes of 1890
46,' 39. 00000
National bank 5 per cent fund....
Outstanding checks and drafts
Disbursing officers' balances
Post OfQce Department account.
Miscellaneous items
13.812,187
6,472,436
64,646,211
4,879,730
5,172,852
$773,901,689 00
90
13
57
69
18
84,982,428 17
$858,974,117 17
Reserve fund
.
Available cash balance
150,000,000 00
177,368,876 89
327/68,8:6 88
Total
Cash balance in the Treasury June
serve and trust funds
Cash balance in the Treasury July
serve and trust funds
Increase during the month.
$1,186,342,994 06
80, 1901,
exclusive of re-
31, 1901,
exclusive of re-
$176,933,124 92
177,368,876 88
$535/51 96
g&0ttjeiargf WommmtinXguQlisUMtms
[From our own correspondent.]
London, Saturday, July 27, 1901.
This week the only prominent event of general public interest apart altogether from financial questions has been
the visit of Lord Milner to the city to receive the freedom
which was conferred upon him on Tuesday last at the Guildhall.
After this a luncheon was given by the Lord Mayor at
the Mansion House, which
political
and
fVOL.
LXXI1L
was attended by the leading
London. Lord
social celebrities at present in
Milner's speech has been exceedingly well received both in
the city and throughout the country. It voices the general
wish that while measures must be taken even when the war
is concluded to prevent anything that will upset the tranquility of the two new colonies, at the same time the Government will make every effort to win the loyalty of our new
Dutch fellow-subjects.
For a time it will be necessary that the two new States
added to the Crown mnst remain what are known as Crown
Colonies, but gradually they will be prepared for self-govern-
ment such
as was enjoyed in Cape Colony and Natal before
the outbreak of the war. The KiDg this week has raised
Lord Cromer to the dignity of an earldom; and his advance
been received with general satisfaction. At
all our public men have been more or
severely criticised in connection either with the war or
in peerage has
a time
less
when nearly
the administration, or mal-administration, of their several
departments, Lord Cromer stands out conspicuously as the one
distinguished public servant of the Crown whose acts command the approval of all parties in the State. In his ex-
ceedingly difficult position in Egypt he has succeeded not only
in maintaining British prestige, but he has steadily increased
it year by year, until he has virtually become the Governor
of the country.
The Bank rate remains unchanged at 3 per cent, at which
In connection with the payit was fixed on June 13 last.
ments by Mr. Pierpont Morgan's firm for the Leyland shipping deal, there has been this week some slight strain on the
resources of our money market, and rates in the short loan section have been quite up to the official figures upon one or two
occasions. This phase, however, is believed to be transitory
The general impression is that money seems likely to be
moderately easy far into the autumn. It is believed in London that the payments in connection with the various purchases from your side have now been virtually completed;
and it is also understood that the forced sales in connection
with the Northern Pacific incident have likewise come to an
end. If these views prove well founded, there is no known
reason why rates should not remain easy here. Liquidation
is of course still in progress in Germany; but in the absence
of any scare this will go on gradually and no apprehension
The arrangement anis felt of serious consequences from it.
side
regarding
cable
frcm
your
the Northern
nounced by
Pacific has been very well received in London; and it is
hoped that in the language of diplomacy this incident may
at last be regarded as closed. The progress of the United
States Steel strike is being carefully watched, as it is felt
that it gives an element of uncertainty to the situation.
Upon the Stcck Exchange this week business certainly has
been slack; but there has been a general listlessness. From
the great financial magnates down to the most modest member of the investing classes amongst the great body of the
investing public, there is an unwillingness to enter into
It has become exceedingly difficult to
risks of any kind.
those of the most promising character.
new
issues,
even
float
Underwriters will assure you that there is no prospect of
placing even the best securities with the public, and to take
a large block of shares or bonds simply means a lock-up fcr
an indefinite period. The investor on his part talks of buying consols at 90 or home railway ordinary stocks at some
impossible discount. So far as is known, at least in the City,
there is nothing adequately to account for this state of the
public mind; and it is not unreasonable to suppose, thereExperience
fore, that it will be of very brief duration.
shows that such a frame of mind is often followed by an
optimism that almost amounts to recklessness, and a very
sharp recovery both in prices and in business may be expected should anything occur giving a favorable turn to
events.
Of course if the war in South Africa is going to last for
another year, and we are to once more have a big loan, it is
difficult to say what may happen; but the indications at the
time of writing point all in the opposite direction; and, as
has already been said, an improvement seems by no means
improbable at a very early date should circumstances shape
themselves favorably.
Apart from the war, the liquidations on the Continent and
the reflex of recent events in New York, there is one important cause, not exactly from undue depression, but at any
Auuust
THE CHRONICLE.
10, 1901.]
The quotations for bullion are reported as follows:
rate calculated to make a gloomy impression upon ^the rich
Your correspondent had
est amongst the investing classes.
the privilege recently of a loDg talk with a member of an
important firm of solicitors, many of whose clients are
largely interested in what are called gild-edged securities—
that is, securities authorized under the Trustees Act of 1
During our conversation he showed me a list of stocks
last four or five years
and compared them
bought within the
with the prices at which they stand at the present time. I
need hardly say that the list reminded one very forcibly of a
mining list at the time of the Jameson Raid.
la connection with this fall in prices and especially the decline in the dividends on home railway ordinary stocks, a
legal question has arisen which is causing very grave anxiety
to solicitors, stockbrokers and others, who in the course of
G
of the
business are required to advise trustees. Section
to which I have already referred gives power to a
trustee to invest in certain guaranteed rent charge and pref-
Act
27]
GOLD.
OOHdon Standard.
July
July
BlLVfcK.
25.
18.
London Standard.
«.
or.
ar gold, fine
U. 8. gold ooln...oz.
iii* n gold ooln. oz.
t-h gold ooln. oz.
npanese yen...
77
76
76
76
76
d.
s.
9>4 77
4
6
6
4
76
76
76
76
July
July
d.
t»X
4
Bar
silver, flue. ..oi.
9 mo. dell very
Bar silver, contain
do 5 grs. gold.oz.
do 4 gre. gold.oz.
do 3 grs. gold.oz.
oz
Cake silver
Mexloau dollars. o*.
Do
1
27
27
V
5
5
4
Nominal.
27^8
276| g
;7^,
29>«
2<j
V
The following shows the Imports of cereal produoe Into the
United Kingdom during the forty-seven weeks of the season
•ompared with previous seasons:
IMPOBTB.
1898-99.
1899-O0.
1897-98.
1900-01.
lmp rtsofwheat,OWt.62, 763,200 57,530,700 58,306 250 59,056,310
18,819,300 14.370,400 2l,0S3,!U3 19,147,504
Barley
20,739,300 17,278,700 13,744,120 13,585,990
•JatS..
2,174,150
2,162.755
2,855,440
2.256.930
Peas
1,904,670
1,469,020
2,240,270
1,689,040
Beans
60,352,500 51,482,500 51,145,560 48,570,600
Indian corn
20,895,700 19,440,900 20,437,805 18,476,170
Flour
for consumption (exclusive of stocks on
available
Supplies
,
erence stocks of certain specified railway companies, provided that for the 10 years preceding the investment a diviSeptember 1):
dend of not less than 3 per cent has been continuously paid
1898-99.
1897-98.
1899-00.
1900-01.
57,536,700 58,306,250 59,056,310
by the company in question. To the lay mind it seems clear *Voeatlmported,OWt.62,763,200
20.895,700 19,440,900 20,487.805 18.476,170
Imports of flour
that provided the investment was made within the specified Wesof home-grown.32, 633,839 29,741,593 32,010,269 22,923,073
period, all liability to the trustee comes to an end. I under106,192,739 106,719,193 110.754.324 100,455,558
Total
38s. Id.
25s. 5d.
29s. Od.
stand, however, that solicitors are by no means satisfied with 4 ver.prloe wheat, week. 27s. 3d.
26s. 2d.
36s. 50.
26s. Id.
Werage prioe, season. 27s. 2d.
this, and that eminent counsel who have been consulted on
flour
and
The following shows the quantities of wheat,
the question are very divided in opinion on the matter. It is
oiaize afloat to the United Kingdom:
of course evident that oertain home railway stocks which
1899.
LaslweeK.
1900.
This week.
2,335,000
2,183,000
2,915,000
until last year belonged to the favored class are no longer in Wheat
qrs... 2,8 19,000
305,000
247,000
280,000
Klour, equal to qrs... 286,000
the gilt-edged list, and a further batch will join them when Maize
665,000
815,000
995,000
qrs... 865,000
all the dividends are published for the ensuing year.
The
EiizlUh Financial markets— Per Cable.
point at issue, as I understand it, is whether all liability to
the trustee is avoided provided he can show that the investThe daily dosing quotations for securities, etc, at London
ment was made before the fail in the dividends.
*re reported by oable as follows for the week ending Aug. 9.
The India Council made no allotment on Wednesday, only
40,000 rupees being applied for at an average price of Is.
Tuts.
Wed. Ifiurs.
Mi m.
London.
Sat.
&7gd. per rupee.
26'6 16 2615,6 2615i6
d. 2616j 6
The following return shows the position of the Bank of Silver, per ounce
93*8
935!
933 ie
England, the Bank rate of discount, the prioe of consols, &c. Consols. new. 2 \ p. ots.
937 l6
93 4i
For account
933e
1901.
1900.
1899.
1898
01-321* 01-22X 01 27X
rr'ob.rentes(lnPariB)fr. 10130
Jul y 24.
July 25.
July 26
JulyW.
69*8
69 X
Spanish 4s
693s
&
_ .
I
i
M
8*4
8*8
8%
A.naoonda Mining
;
,
:
:
:
OtTCttlaUon
Public deposits
Other deposit*
Government securities
80.179.366
10.225,218
39,647.368
16.204.89H
Other securities
26.658.0H6
Beserve of notes and ooln
86,271.494
Oolnibnlllon.bothdepartm'ts 37,676,849
Prop, reserve to liabilities.. P.O.
80J^
Bank rate
percent.
8
Consols, XH per cent
92 13-16
gjlver
27d.
Olearlne-House returns
The
London.
Bank
1
3
3
"
"
"
6
13
20
87
44M
3^
Months.
S
4
27^d
Months. 3 Mob.
2&@3
2%
2«
2«
3
i
The Bank
3@3^
ZX®M
2M@2«
an
3
128.73^.000
8X
8J4@3fci
Joint Dis'tH't.
Stock
Bills.
4
Mot. Banks Oall
z\i
8®3M
2&@3 3Hi@8«
3
iH®3
3
SM
8
3@3*
1«
IX
1*
IK
IK
Dat/i
m
1*
IX
1 1-3
July 26.
July 12.
July
Rates of
Interest at
Bank
Open
Rate. Market
Bank
Open
Rate. Market
Open Bank
Open
Rate. Market Rate. Market
Bank
3
2
3
2
3
2
3
Berlin
3X
8X
8K
2«
2%
8K
3X
3X
*H
2H
3
29i
sx
3X
sx
sx
8K
3X
Brussels
3
3
-•'4
3
3
Vienna
4
2%
2X
3K
.
.
Frankfort...
Amsterdam.
St.
Petersburg.
Madrid
Copenhagen
2*8
nom.
5X
3X
5
Messrs. Pixley
July 25
&
3
3
4
m
3
sx
5X
3X
5
5
nom.
4
3X
6X
8X
5
6
3
3
m
2%
3
3
8X
8
3
3
2H
2%
common
.,
,
97*4
97X
M
<
w
o
,
41*8
<
363e
65^8
<
'
t
J
do
pref.
Phlla. ARead
*Phila. & Read, ,1st pref.
•Phlla. &Read.,2d pref
southern Paoiflo
•>outh*n Railway, oom.
CD
O
o
fe
a
<
a
o
w
Cnlon Paoiflo
Preferred.
U. 8. Steel Corp., com.
Do
do
pref..
V abash
preferred
Deb.
w
"B"
9m
50
>
<
f
c
!
!
1
!
%
fe-
ll 1
PC
hfc
45*4
22X
159X
162X
2213
91
42
92
36X
65X
37X
66X
50
50
146
147
I02ie
102*8
103X
23
23
26
Si
95
111X
45X
145X
9*4
<
fe
a
94X
41^
1
05
o
9412
c>
n
\
,
,
Do
Do
97X
1
>->
Central
Louisville & Nashville.
Mexloan Central
Mexican National
Mo. Kan. & Tex., com.,
Preferred
N. Y. Oent'l & Hudson.
N. Y. Ontario & West'n
Norfolk & Western
Illinois
96^8
:
5284
162ia
32ie
51
23X
9X
914
26
26
53X
53
153
1511-2
32X
52X
32%
52X
91
91
99
73
92
99
73
19T8
99
73
20*8
20*8
38=8
25 *»
5312
28?8
39
26
54
29
39X
26X
85
96'8
85
85X
98%
29
96*4
W93s
89X
41
41
91%
91X
21X
20
55*8
381*
39
62
62X
90
42 X
S2X
21X
40
62
*
Prioe D«r shart>
4
nom.
3X
5K
sx
6
E
nom.
3K
toomrazxtinX atxd $$ltsczllnuzonB Hews
6
Abell write as follows under date of
National Banks.—The following informationregarding
is from the Treasury Department.
national banks
:
£12500.
NATIONAL BANKS ORGANIZED.
Certificates Issued July 29 to August S.
5,921—The Hackensack National Bank. Hackensack, New Jersey.
Capital, $100,000. David A. Pell. PresMent; H. D. Terhune,
Cawhier. Conversion of the Hackeneack B;tuk.
5,922—The Ardmore National Bank, Ardmore, Indian T rritory. Cap.
Silver— A special order for the Far East came to the rescue of the
eilver market, and from 26i3jod. we have recovered to 27d. cash and
forward, closing dull with America a reluctant seller. The Indian
price Is Rs.693?. Arrivals: New York, £108,000; Australia. £3,000;
West Indies. £9,000; Chile, £11,000. Total. £131,000. Shipments:
Bombay, £110,000; Calcutta, £15,000; Treblzond, £22,000. Total,
£147,000.
Mexican Dollars— There is no fresh business to report, and the prioe
1
26*6d.
Paul...
Rio Gr.,com....
do Preferred.
1st preferred
2d preferred
96
S
Gold—The demand for Austria has only been [small, and the Bank
has purchased £76.000 In bars out of the week's arrivals. Sovereigns
on the other hand have been withdrawn to the amount of £118,000
for Scandinavia. Egypt and Australia, the net result being that the
Bank has lott £42,000. Arrivals Australia. £172,000; West ludles,
£3S,000; Natal, £4,000; New Zealand, £13,000; Chile, £2,000. Total.
£229.000. Shipments: Calcutta, £10,000; Colombo, £2,500. Total
la
&
723»
9514
109 7s
St.
Preferred
Pans
Hamburg
Do
72X
:
109 X
45
22
160
«
C
74 78
:
:
>
Northern Pacific, pref..
Pennsylvania
and open market rates at the
have been as follows:
Juli 19.
Oen.
&
Do
IK
IV*
rate of discount
ohief Continental cities
Preferred...
Canadian Pacific
Chesapeake & Ohio
Ohioa. Great Western.
Erie,
Interest allowed
for deposits by
Irade
6
27i*<).
150.6^7,000
:
Top. & Santa Fe..
Preferred
Baltimore & Ohio
4.tch.
Ohio. Mil.
111
as follows:
Bills.
Month*.
i%
106 9-16
Open Market Rates.
a
June 29
21,3i9,0l8
88,176,943
27%a.
153,0.'2.000
27,916,485
6,936,178
46,242.460
13,791,630
38,868,8W8
24,168,661
85 263,046
46?£
31.S-07.623
4
97 9-16
166.6u.000
8
28,607.925
8,413,991
89,690.852
13,088,528
iJSfc
money have been
rates for
July
80,118.840
9.768.559
39,882.417
20,418,545
28.154,842
19,296,888
81,63^,576
*100,000. C. K. Smith, President; L>*e Cruoe. Cannier.
5,928— The National Bunk of Anadarko. Oklahoma Territory. Capital,
, Oaeoler.
$25,000 H. T. Smith, President;
5,924— The People's National Bank of Maritaretvlile, New \ ork. Capital. $^5,000. E. L. O'Connor, President; N. D. Oiinstead,
ital.
Caehler.
_
5,925—The United National Bank of Providence, Rhode Island. Capital, $500,000.
Chas Warren Lippitt, Vice-President; Frank
W.
Gale. Cashier.
THE CHRONICLE.
272
City Clearing House Banks.—Statement of
oondition forthe week ending Angnst 8, based on average of
We omit two ciphers (00) in all cases.
daily results.
First National Bank of Seanrlght, New Jersey. Capital,
$25,000. George M. Bandf, President; Thomas A. Ward,
5,926
The
6,927
The
hler.
...
,,
lr.Mi,
New York
t-,
Bank of l.os Auge)en, California. (,apWin. B.WUrhtman, i'i<-M<iit; A. J. waters,
Oltlzens' National
8200,01 0.
Cashier. Conversion of tDe Cltl/..iiH hunk of l,o« Angeles.
Capital,
6,928 —The First National Bauk or Woloott, Now York.
#25.000. Charles H. 1'aliner, ProRlduut; Edwin D. Scott,
Cashier.
5,929 The Flrnt Nation >1 Bank of De Queen, Arkansas. Capital,
c. Williamson, President; F M. Smith, Cashier.
II
$2.*- ,000
Conversion of the Citizens' Havlncs Bank of De Queen.
6,930 —The First National Bank of Georgetown, Delaware. ( apltal,
*v6,"0O. Robert G. Houston, President; John L. Thompson,
-
5,931 -The State National Bank of Lowell, Indiana. Capital, $50,000.
John Lynch, President; F. K. Nelson, Cashier Conversion
of the State Kank of Lowell.
nnn
5.932 —The First, National Bank of Kemp. Texas. Capital, $25,000.
Cashier.
Davidson,
, President; G. B.
Capital,
5,933 -The Chilton National Bank, Chilton. Wisconsin.
$50,000. JuIIub Felnd, President; Win, J. Paulsen, Cashier.
/.-•
BANKS
S
Bank of N.
Manhattan
York, until close of business Augubt ?, 15-21.
2,555 —The First National Bank of Nevada, Iowa, until close of business August 3, 1921.
,
2,551 —The First National Bank of MadisoD, New Jersey, until close
of business August 4, 1921.
INSOLVENT.
2,118— The First National Bank of Austin, Texas. Is insolvent, and
was, on August 3, placed iu the charge of William L. Yerkes,
Reoeiver.
LIQUIDATION.
2 987—The First National Bank of Vassar, Miohigan, has gone into
voluntary liquidation by resolution of its stockholders dated
July 9, 1901, to take effect August. 1.
CHANGE OF TITLE AND LOCATION.
5.753—Toe First National Bank of Fort Sill into The City National
Bank of Lawton, Oklahoma Territory, dated August 3, 1901.
POST-OFFICE ADDBES8.
5,837—The Delmont National Hank of New 8alem, Pennsylvania.
Post-orhee address, Df'm >nt, Pennsylvania.
5 777— The First National Bank or Beaver Springs at Adamsburg,
Pennsylvania. Post office address, Beaver Springs, Pennsyl-
Y....
Co..
Merchant!)'
Mechanics'
America
Pheuli
City
Oheunlcal
Merchants' Ex..
ftallatin
Bntoh.A Drov'B'
Mech.4 Traders'
Greenwich
Leather M'f'rs..
Stat* of N. Y....
Mercantile
Paolno
Kepabllo
2,084,0
2,192,4
1,106,6
2,274,0
3,153,1
422,7
503,6
1,303,9
People's
North Amerioa
Hanover
Irving
Oltixens'
Nassau
Market & Fulton
Shoe & Leather.
Corn Exchange..
Oriental
[mp't'rs'ATrad.
Park
East River
Fourth
Central
Second...........
Ninth
PlXSt .............
.
N.Y.Nat'lExch.
Bowery
N. Y. County....
German A merl..
Avenge...
Aug.
Aug.
New York
for the
Week.— The following are
week ending for dry goods
for the week ending for general merchandise
also totals since beginning first week January.
FOREIGN IMFOBTS.
and
1
2;
For week.
Dry Goods
Gen'l mer'dlse
Since Jan.
Lincoln.
Garfield
Fifth
Bank of Metrop.
West Side
Seaboard
Western
1st Nat., B'klyn.
Liberty
N. Y. Prod. Ex..
1898.
1899.
1900.
1901.
Germania
81,972,857
7,771,296
$1,961,902
5,629,642
$1,839,925
6,028.245
$1,915,100
6,241,276
$9,744,153
$7,591,544
$7,868,170
18.186,376
S62.547.20l
271,741,367
873,998,165
254,931,913
$61,643,138
247,137,040
$57,064,104
205,391,170
New Amsterdam
astor
,
Hide A Leather,
»
18,223,0
22.887,01
18.433,9'
14.139,0
21,840,7!
4,604,0
113,406.2
23,676,6
4.696,8
10,466,0
1,168,1
2,613,0
1,011,3
4,243,9
4,736,9
72,41
126,5
178,31
600,6|
626,91
3,233,01 29,698,0
6,768,7| 76,880,8
6,091,5
1,569,1
1,297,7! 13,833,2
460,0
200,0
German Exoh...
Imports and Exports fob the
244,0
1,998,8
1,600,0
Chatham
Fifth
243,8
6,170,7
6,942,6
990,6
349,7!
1,000,0 1,023,1
3,000,0 5,434,9
449,2
600,0
371,0;
600,0
280,9
600,0
986,7i
900,0
219,2
1,000,0
1,400,0 1,763,8
412,5
300,0
1,600,0 6,046,8
2,000,0 3,853,6
153,1
250,0
8,000,0 2,477,6
626,6
1,000,0
973,6
300,0
77,3
750,0
10,000,0 11 096,8
124,6
300,0
729,2
250,0
597,4
200,0
396,6
750,0
1,000,0 2,613,4
100,0 1,362,3
682,6
200,0
837,2
200,0
994,4
300,0
1,000,0 1,158,2
367,8
200,0
300,0 1,076,3
446,1
200,0
944,8
500,0
2,100,0 2,287,6
516,7
300,0
729,9
600,0
402,8
1,000,0
568,3
250,0
417,9
350,0
365,3
500,0
Legal*.
Specie.
S
s
2,000,0
2,050,0
2,000.0
2,000,0
1,500,0
1,000,0
10,000,0
300,0
800,0
1,000,0
800,0
400,0
200,0
600,0
1,200,0
5,000,0
10,000,0
1,000,0
1,000,0
Chase
vania.
Loan*.
Capital Surplus.
Amur-loan Kxch
OOBPORATH EXISTENCE OF NATIONAL BANKS EXTENDED.
Commerce
New
York,
New
of
the
City
Broadway
2,608 -The Lincoln Natioral Bank of
the imports at
[Vol. LXilll,
Deposit*
S
2,801,0
7,616,0
2,011,0
2,817.0
2,921,8
1,026,0
29.688.2
5,096.2
792,0
2,089.0
242,2
363,0
119,2
1,197,7
588.7
6.788,0
9 321,7
1,831,0
1,937,0
1,812,0
948,0
3,911,1
360,0
7.5rf4,2
2.364.4
486,8
840,8
2,025.8
367,3
4,268,8
806,6
166,4
1,999,5
8,210,2
648.4
678,1
465,6
1,058,3
793,8
5,339.0
204,4
4,448,0
14,781,0
163.4
4,170,0
2.099,0
1,825,0
838,7
2,697,3
18,405,9
6,222,6
2,0*2,5
11,690,6
48,175,9
4,325,0
3,042,2
2.702,9
5.897,2
8,808,0
22,861,0
2,083,0
23,723.0
48,161,0
1,383,4
22,828.0
10,128,0
9,848,0
2,297,2
80,758,7 12,987>
722,8
3,475,6
3,104,0
355,0
3,977,6
718,4
3,381,9
697,8
40,862,9 10,092,4
9,563.1 2,695,6
2,246,5
221,0
3,030,6
410,8
12,063,6 1,137,8
6,943,4 1,348,4
2,168,6
455.9
7 335,7 1,242,2
2,632,0
463,0
12,737,0 2.121,0
36,706,1 9,059,9
4,494,0
398,0
7,068,1 1,182,6
4,896,6
891,6
6,869,2 1,890,9
4,265,0
881,3
2,806,5
655,8
802,1
62,8
258,0
182,0
207,1
801,0
2,282,0
7,300,1
367.1
1,827.6
680,7
1.434,2
968,4
803.9
P.O.
18,006.0 257
28,668,0
3
15,760,4 24-4
14,887,0 26S
23,881,0 244
4,687,0 296
130,892,0 284
24,198.* 30-8
6,040,0 25-8
9,814,6 800
1,191,91 24*7
2,876,0 215
858,6 318
4,429,7 317
4,477,0 19 7
26,811,0 .
337
68.424,0 212
6.221.4 231
14,523,2 251
3,408,0 26-9
20,876,2 279
1.345,li
8,134,2;
466,3'
186,2;
281,6
898,1
271,2
n
8,457,41
274
2,791,6
12.316.5
63.592.6
4.410.0
8.366.1
3.088,6
6.414.6
4.280.7
27,918,0
2,050.0
34 3
27
287
230
22 7
246
304
24-3
28-5
2,085,0
336,0
26 2
1,460,0 22,349,1) ^8-4
4,259,0 82,772,0 30 3
206,5!
l,49t>,9 24 6
3,487,0 26,472,0 299
1,588,0 13,168,0 280
816.0J 10,671,0 23 8
246,2
2.468.5 23-7
_
2,664,0; 56,322, e 280
349,8
3,831,7 279
308,0
3.279.0 202
359,2
4.666.6 235
260,6
8.251,6 26-4
2,160,2 48,323,4125-3
208,3 11,022,1 26-3
670.0
3.210.1 277
4,607,0 20 8
519,3
2,891,7 14,429,5 28-5
6,739,6 238
255,8
124,1
2.277.0 264
619,8
8.110.1 22-9
3,053,0 262
349,0
2,304,0 16,833,0 279
2,786,9 44,183.0 288
4,661,0 22-8
643,0
626,0
7,024,7, 243
4.496.6 28'2
379,9
8.212.7 256
716,8
4,196.0' 24 8
182,7
2,190,0 28-8
77,4
1
83.222,7 97,865,6 878,506,9 1805457 80 597,7 955,912,2 27'3
Total
1.
Dry Goods
Gen'l mer'dlse
Total 31 weeks t334.288.568 »328.933,078 $308,780,178 $262,455,274
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Aug. 5, and from January 1 to date.
EXPORTS FBOM NEW YORK FOB THE WEEK.
The imports of dry goods
Reports of Non Member Banks.—The following is the
statement of oondition of the non-member banks for the
week ending August 3, based on averages of the daily result.
We omit two ciphers S00) in <nl cases
in
BANK8.
Borough of
Manhattan,
For the week.
#10,849268
Prev. reported
303,397,842
$12,763,719
315,190,154
$6,136,474
$7,635,530
262,739,256 277,651,061
Total 31 weeks *314.247.110 $327,953,873 $268,875,730 $285,286,591
Note.— As the ttgures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending Ang, 3
and since Jan. 1, 1901, and for the corresponding periods tn
1900 and 1899.
BXPOBT8 AND IMPORTS OF SPECIE AT
eleventh Ward....
Fourteenth Street.
Gansevoort
Hamilton
Mount Morris
Mutual
200,<J
All other countries.
Total 1901
Total 1900
Total 1899
5,000
658,79'.^
5,000
38,668
29,255
1,104,000
$10,000 $29,189,928
16.700 29 665.605
10,000 25,793,312
Week.
$
1
654,377
245,501
518,179
57,144
$132,891
42,847
571,603
$1,679,409
1.538,870
8,688,734
Imports.
Silver.
Since Jan.
1.
$139,000 $28,506,611
697,496
All other countries.
Total 1901
Total 1900
Total 1899
Notes. Agent. Bks.Jcc
Leo. T.
Twelfth Ward
Twenty-thlrd W'd.
Union Square
forkvllle
Washington
Fidelity
Vartok
I
138,8
209,3
123,0
72,9
21,7
100,3
67,1
151,1
136,8
200.U
100,0 213,8
100,0 125.1
100,0 273,6
200,0
32,2
100,0
74,9
200,0 383,6
100,0 209,1
100,0
26,4
200,0
94,5
100,0
63,6
200,0
61,9
100,0
63,9
8.4
300,0
•
1628,8
2774,0
1187,9
1841,6
1342,3
1390,4
2109,6
1413.4
1408,0
2460,0
1044,8
3570.0
1278,2
1024,2
2288,1
1505,7
664,6
436,8
884,0
684,1
166,7
709,9
t
t
40,3
173,0
133,4
103.0
65 6
44 7
65,0
35 8
17,7
66,6
88.2
78.7
110,1
133,9
156,0
55,0
120,0
152.3
93.2
264,1
117.3
38,3
19,8
65.7
61,0
24,8
100.1
131,8
26,6
27,2
147,0
9,3
244,0
28,0
46,7
46,4
47,6
9,9
12,2
10,0
3,7
4,6
48,3
160,0
100,0
300,0
Brooklyn.....
100,0
Eighth Ward
100,0
Fifth Avenue
150,0
Kings County
Manufact'rs' Nat'l 262,0
500,0
Mechanics
Meoh's' A Traders 100,0
100.0
Merchants'
Nassau National., 300,0
300,0
National City
100,0
North Side
100,0
Peop'es
Seventeenth Ward 100,0
200,0
S prague National
Twenty -sixth W'd. 100,0
100,0
Onion
100,0
Wallaboat
.
117,8 1312,2
179,9 1667,3
163,8 1108,2
369,0
37,4
727,5
70,6
719,3
84,4
603,6 2846,2
356,1 3828.4
185,9
983,1
20.7
682,9
643,2 3631,0
572,2 2868,0
142,0
758,9
922.6
132,7
557,5
72,8
235,9 1061,1
614,3
55,8
622,3
64,4
779,3
65,6
13,7
13,2
68,0
14,1
28,2
36,8
317,8
158,0
18,3
3.8
187,0
125,0
11,4
28.2
8,3
107,3
11.1
28,2
35.P
,
Week.
South America
.....
Broadway
$
204,208
700
Exports,
West Indies
Plaza
Riverside
State
Bedford
Since Jan,
40.422
14.918
76,851
Deposit, with
Aet
iB'k. Clear'g Other Deposits
ment).
4,067
2,220
241,059
21,250
1,016
Week.
$
3,883
223
65,575
2,491
$143,067 $29,472,142
1,366,655 30,486,672
551,490 28,594,887
Since Jan.
$25,183
731
$66,306
328,993
45,727
6.6
»
I
227,1
196,0
180,7
190,4
117,2
133.6
299,7
210,6
348.1
8,0
25,0
"6*6
55,0
62,0
11.3
176,7
63
64.7
990
140,0
65
355,2
105,7
41.0
35.9
77.7
96,1
37,0
32,2
146,359
1,618,273
381,578
30,788
$2,206,287
2,651,671
2,290,230
Borough of
Richmond.
Bank of Staten Isl
istNat.,Staten Isl
Other Cities.
1st Nat., Jer. City.
Had. Co. Nat., J.C.
2d Nat., Jer. City..
3d Nat., Jer. City.,
1st Nat., Hoboken
2d Nat., Hoboken.
Totals Ang. 8
Totals July 27
Totals July 20
25,0
100,0
60,9
86,0
584,8
744,7
16.1
39,2
400,0 905,4 4877,6 237,3
67,8
250,0 670,4 2042,8
62,1
260,0 320,6 1266,9
851,9
39,1
241,8
200,0
110,0 466,8 2037,4 113,4
828,2
28,2
126,0 109,2
91,4
102,0
36.8
23,6
26,3
27,4
135,1
202.8
67,0
47,3
313,0
240,0
46.3
42,9
35,1
10,0
22.8
52,4
24,8
24.3
20,0
212,9
49,6
14,4
63,9
21,1
27.2
103.7
260,8
104,8
51,7
1860,0
2916.0
1346.7
14800
1363,3
1642,7
27^4,2
1440 1
1843 3
2494,0
1119.5
3964,0
1(140
122,2
70,0
1 65 2
2724 8
2*6,0
1492,0
2.8
6300
'5,0
6,6
364,4
<87 3
684.1
40,'6
363,8
125.5
14316
8,2
8,0
16,1
lo89 2
75,1
Boro'h of Brooklyn.
Imports.
$1,764,851
18,209,788
7,384,567
*
,1
Nineteenth Ward.
Jefferson
Exports.
Since Jan, 1
•••
••••
Century
Nat. Commercial..
NEW YORK.
Bold.
Week.
f
100,0
300,0
100,0
100,0
200,0
200,0
250,0
Columbia
1898.
1899.
1900.
Invest- Specie.
Sur- Loans A
plus.
N1W fOBK CITY.
Colonial
1901.
Capital
100s omitted.)
1896.3
355.1
667,3
750,8
64.4
96.4
248,4
338.3
70,7
62,7
445,0
425,0
51,1
58,9
63,6
357,0
61,0
61,2
46,4
60,0
88,0
264,9
27,4
91,2
30,0
673.8
741,9
430.0
130,8
6526,8
1784,8
1081,9
1001,0
1753.8
730,2
46,8
10,0
15,3
17,1
26,0
3,0
94,5
34,2
120.0
826,6
240,7
143.3
220,2
132,9
61,9
42,'2
32,4
4,9
3187.2
4421.2
893,8
701,8
3876,0
3216,0
800.3
813,5
501,7
1100.0
518,2
754,0
766,8
8262,0 9017,1 70368,5 3095,3 3915,3 7873,6 2097,9 76115,6
8262,0 9017,1 70638,5 3126,2 4141,6 77 s 0.1 2046,6 75615,6
S262.0 9017,1 71453.513218,1 4158,5 7880.7 1996.3 76864,8
August
New York
we
THE CHRONKLE.
10, 11*01.]
House Banks of New
,ltal
Banks.
July
"
169,080.1
13..
Aug. 3.. 180,588.3
HOI,'
July
••
Legal*.
Specie.
3.
OireTn.
DffMtta.1
I'lt
irmji
947,694.1 30.629.6 16911465
9«9. 145,8 30.710.1 16820965
842,1" !M.* 30,837,5
955,912.2 30.572.t- 11831556
77.395.2
78,313,9
79,942 .0
80.597,7
8.696.0 2M.6H1.1
8,728.0 207,807,0
8,141,0 214,236,0
6.097.C 148.826.3
8,066.0 118.66*.
8,100,0 135,634 3
Foreign Tradeof
New York— Monthly Statement. —In
addition to the other tables given in this department, made
up from weekly returns, we give the following figures foi
the full months, alsoissned by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the twelve monthe
of the last two seasons.
N«W YORK Customs Rbceipts
at Nbw York.
Export*.
Import*.
1899-1900
1900-01.
189d 1900
1900-01.
1889-1900
1900-01.
July
40.23S.19*
39,003,134
42,929.966
37,932,01t-
August
September
88,637.7*3
12.557,31)
42.887.534
3«.8S6,63ii
41,979,217
39,395,067
11,793,166
11 740,980
October
48,238,191
46,118.135
16.833,311
12,717,198
19.211,195
13.435,973
12.468.41C
18,765.988
13,4 14,1 0t
13 278,668
10,005,318
41,379,91f
11,846.63b
12,683,614
12,443,941
12.780.S8l
45,167.416
3J.721.269
48,762,66*
14,890,369
14.810,389
40,286,70*
12.691,892
18.477,206
14,109.891
49,306.86.
12,897,84.
13,022,229
13,849.197
41,721,056
12.694.73S
11.891,931
"T
..
November.
December.
«
9,130,417
12,581,50'
42,418.433
45,262.221
16,868.333
U .0-8.UK.',
49.552.629
•"ebruary..
16,647.767
43.259.8^8
March
48,793,416
13.983.40P
66.961. 6il
April
19.681.383
15.925.244
4
January...
May
49,098,313
10,198,826
June
•
11.688,484
13
7S-0.471
46.762,499
16,612,16*
18,288,201
36,873,932
41.165,931
47.426.58i-
11,280,862
10,763,633
11,327,791
53S.245.9U4 635,7 16.63a 549,0(0.301 526.960.0'-8 152.996.5»4 152,135.11,7
Total...
The imports and exports
of gold
months have been as follows
and
silver for the twelve
1899-19C0
1800^)1.
1900-01.
Export*.
Import*.
Export*.
Import*.
1899-1900
1900-01.
t
~~r~
1900-01.
•
186.953
1
885,812
$
2.246.381
791.144
1,7£ 3.877
180,248
182,283
1.109.136
17.613,691
19,930
2,272,21!
751,671
101,64)
78,227
1,833,044
4,067,628
4.208,887
3,969,218
808.28C
81,927
1,285.66:
6,299,283
November.
December.
4,719,031
187,569
58.07(
1,249.836
4,837,241
141.468
301.76';
217,616
January...
February..
814,747
299,628
314.548
620.398
318.911
212,525
8,171,689
281.995
165.9)0
April
175,679
219.961
1.893,395
May
281,439
10,080,187
June
818.117
1*4,762
222,338
88,900
11,514,706
6,186,07)
1,192,669
1,025.382
1,706,312
10,352 807
6,019.167
7,968.998
11,157.928
8.42\341
19.278,621
39,937,373
July
August....
September..
October..
.
Total...
1
3.7C9.647
6,209,169
1,130,998
6,382,806
1,690,838
879.866
4,692,608
1,619.892
4,700,742
1,403,112
4,347,693
1,384,087
3,107,668
687,404
3,931,804
17.010,582
64,884 428
4.4.38,315
Breadgtuffs Figures Brought from Page 302.—The
statements below are prepared by us from figures collected
by the New York Produce Exchange, The reoeipts at
Western lake and river ports for the week ending Aug. 3
and since Aug. 1, for each of the last three years have been:
tU**49t*
at-
Wheat.
riour.
BfcH.lWCK,
Mliwauka*
.
2,876,691
Minneapolis.
50,180
377,348
115,388
wk.'OO.
wk.'99.
StMOlAWf.
Mmportt from — buth.
Boston
Montreal
Philadelphia
Baltimore
Blohmond
Orleans*
Newport News
Norfolk
OalTeston
Portland. Me
Total week
1800
81,480
1.800
65.U87
94,781
2*2.910
46.495
1.847,729
264,800
131,150
8.700
109.900
1.800.C00
299,000
9.800
19,600
391,600
282.600
188.6U0
8,839,918
2/43,645
8.691.477
~62,897
6,765,660
3,629,808
8,663.183
110.833
219,299
99.382
4,749,951
4,817,542
1,875,821
193.C84
91,629
6.839,918
8.618,645
8,891,477
3,529,, 03
8,683,123
4.847.5*2
4.875.824
82,897
110,233
193.0K4
249.299
5,765,660
4,749 951
408.602
372,196
431.193
receipts of flour
Rmifii at—
Hew York
W««k
6,980
46,266
the week ended Aug.
Hew
165,990
124,021
180,882
408.502
872.1 6
431 1«8
...
The
16.750
10,529
Uorn,
flour,
Datt.
buth.
216.153
156,496
79.088
16,5")S
•w York
478 161
•uston
•ortland, Me.
•hlladeiphla.
laltlmora...
*ew Orleans..
84.098
666.107
H77.ijB8
960,010
Sorfolk
iewcrt News
'
104.000
utonireal
26', 197
ialTeaton
506 800
Total week. 4.474,427
3,
?.eur
bbl*.
109,424
fO.160
15,623
63.403
74,072
3.191
17.256
43.710
17,925
2,293
406,956
994.451
buth.
l.lr-6,260
2* 1,480
359,f67
718,01*
2,01K.(
08
16.704
779.675
104.OC0
bush.
653,t00
36.640
39,130
15,519
84,708
18.876
2H.'00
77.142
S7.518
815.660
81.092
6,360,l-'0
2,818,481
Oaf.
huth.
898.800
72.980
23,964
49,1
2.2113
3-.-^»0
80.000
-Sarin
'uifc.
6,* (4
120 OjO
30.068
1-tm.i
buth.
8,413
• • •
>•••••
W.lll
•
••••••>•
'
14, 7., 1
16 1*5
*•
77.148
16,»5<
17.926
43,710
18,797
'60,000
<>41508
818 403
270,<K'3
8.0J0
87,494
60.409
6.441
87.494
31,629
38.153
67,645
same time 00 1,601,00* 3,502,751 830.511 9.6,761
The destination of these exports for the week and since
-Jept. 1, 1900, is as below
:
IVktttt.
ttour.-
W*tk
Matport* tor
««k and situs
Htpt. l
Jnlted
to —
Kingdom
C
A America.
Vest Indies
Ir.N.Am- Colo's
i.
'ther countries
Tota.
Total 1900
With
Sinn
Sttt.
1.1900.
Autj. 3
bL<l
continent.
Aug.
lull.
1
V*r%
--
Sine* Sept.
8.
1,
1900.
buth.
(,,.</..
H'«»fc
8<n«s Btpt.
1.1909,
Aug. 3
''i.i h.
outh.
464,129 74.6*2,641
118,962 7*,978,*8<<
61,71'
1,090,252
6,124
070.968
221,878
"1.578
b37,542
243.895 10,770.731'
42,*72 2.186,185
H80.H56
27,: 60
19.2*3 1,090.32 J
92.0(8
802,377
10.738
1,6-5,674
2,776,832
fcO,14>,*77
600
81669
843.403 16,371.836
330,511 14.62S.170
4.471.127 113,118.117
611,502 152.741.512
1,501,10* 81.888,836 8.662,761 182,818,0*1
61.766,028
140
469,9.5
21,431
The visible supply of grain, comprising tne stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Aug. 3, 1901, was as follows:
nor i*l—
«ew York
Irs
Do
Corn.
»«•»,
buth.
8.9H.0O"
8,000
afloat
Joston
993
Philadelphia
laltlmore
Sew Orleans
jHlveston
fOSOOc
1,263,000
1.995.000
buth.
8U7.0O0
17,000
Oats,
buth.
727.000
8H.0O0
235. ^ov.
296. ,11,
316,000
888,000
68.000
28,000
161.000
lit*.
B*rlty
but>.
63,030
172,000
"1.066
16. nr,n
.......
42,000
.
IKO.OOO
33.00C
9ulTa)o...
Do
,<o,
1,835 000
"7,060
1,107,000
298.000
183.0C0
1.000
3*1,0.0
si'.obd
'64.660
377, 0J0
601,000
111.000
120.000
"2.666
314,000
49.000
15.000
28,6°«'6
"3.0*0
8.843.OC0
0,987.000
741,000
112,000
Montreal
Toronto-
26,000
30,000
afloat
afloat
Jetrolt
Do
afloat
Do afloat
Milwaukee
afloat
Do
ft, WM'mAPt. Arthur
Do
'
"
1,000
13,000
lo.boo
16.660
1,738,000
601,000
93.000
'42600
63.000
190,000
651,000
33.000
18,000
"6,006
78.001)
"9.000
6,000
17,000
89.000
11,000
5,000
1,000
ieib'oo
60,000
160,000
814,000
'25,000
4,000
1899.. 87.U42.000
18,665,000
13,387,000
18.820.000
10,813,000
8.261000
17920,000
1.354.000
6,667.000
6,586,000
4,511,000
8,362 000
653.000
658.000
607.000
698.000
437.000
<uluth
617,.
269,000
748,000
1.774,000
.
afloat
•Unneapolls
Louis
6,634,001'
2,676,000
4t
Do
afloat
lansaiClty
.'eorla
tndlanapolli
n Mississippi River.
3n Lakes
On oanal and rlrer.
. .
1.011,000
268,000
lOU.oon
20.000
88U.000
191,000
Total Aug. 8. 1901.. 30 469,000
Total July 27. 1901.. 29.870.000
Aug.
Total Aug.
T tal Aug.
Total
4. 1900..
5.
6. t*98..
47,6»000
10,000
.
313,000
308,000
405.000
116.008
29SOOO
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction,
By Messrs. Adrian H. Muller
Son.
&
Slocks.
Slocks.
1 Cert. N. Y. Produce Exchange (all ass'ts pala).
2 Brooklyn Trust Oo
425
83 Mechanics' Nat. Bank... 270*8
12 Home Ii Biirance Co
295
10 N. Y. Produce Exoh. b'k.150 1*
2B Lawyers' Title Ins. Co.. SOS^
$176
250 Royal Copper Co ...$4 per sh.
140 Nat.B'dway B.Dk 300^ 3014
25 Nat. Bank of Commerce. 376 1*
Mtmberslilp Adirondack
League Club
$500
25 HavaD a- American
common
Bunds.
$3,0C0 N. Y. City ass't fund
120 and int.
6s, 19i0; M&N
$1,000 Atlantic Mutual Ins.
10738
Co. scrip of 1901
Co.,
$26 per share
4 Lawyers' Mtije. Ins. Co.. 190
50 Phenix Nat, Bauk
105%
&
By
Messrs. Richard V. Harnett
Co.:
Bonds.
Stocks.
$15,000 Wisoasset & Quebec
$4,000 Sheepkauoh Gold Mln
RR. Co. (Me ) 1st 5s, 1916;
IngCo
$500
Aug. 1, 1898, and subsequent coups, attaohed. .$500 lot
I
JBantuuci
99.382
9».f69
i
Bans*
Spencer
•<u«*.
53.626
800
49.791
4,066
01.195
50,000
<k
'
873.608
1.608,4 19
29
and
fftttauctai.
Trask &
BANKERS,
PINE STREET,
-
NEW YORK
INVESTMENT SECURITIES-
Members N. V Stock Kxclianae.
Branch Otnoe. 67
St i<-
S„
Albanr
8,000
16.56.3
86.813
Geoege Barclat Moffat.
Moffat
910
Alexander M. waits Ja
&
White
BANKERS,
... NEW YORK
INVESTMENT SECURITIES.
.Members
7u.eoy
46,700
Co.,
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
Rut.
bush.
24,909
2T
for
63, 9 JO
lot
.
B8.390
783,«63
4,160,335
266.7
|
and grain at the seaboard ports
1901, follow:
Wneat,
Corn,
itvt.
buth
154,2-5
17,143
3,*32
1.
1901
1899
19,960
87,682
Kansas Olty.
Same
Sam*
73,800
1
56.4C5
236.63'.* 10
919,089.888
i
Whtat.
1
»»
164,439
9,«00
Tot.wk.1901
24.567
2,011,372
3,834
838,320
2,404
Peoria
Barlu
Oats.
1,855,825
38,700
88,600
249,409
116.000
Cleveland ...
8t. Louts ....
Corn.
Buih.dOlbt Bu*h.60ll! Buih.32!t» Bus/l.4816. BK.58
164.778
71.226
231.221.283
"
Total grain
iloago
MONTH.
68,605,018
0.810
60,*'* .111
3.014.1*17
The exports from the several seaooard porta for the week
mding Aug. 3, 1901 are shown in the annexed statement
DO
SlLVBB— NBW YOBK
Gold Movbmbnt at nhw ?OBK.
12.8i»7,;50
,081,496
OoledO
:
compare as
y,4« 1.203
»»
44.180,141
3
8W.574.4UK
4M,'0».2U1
Marlt-y
MB11CHAVIM8K MOVEMENT AT
Month.
Aug.
to
bush. ^.Mu.M^s
Wheat
fhila.*
July 20.
20^,585.0 9,814,0 108.316.6
52,696,0
38,715,3 174,088,
••
198,518,0 9,809,1- 89.067.6
50.810.0
27..
38.716,3 172,112,
198,934.0 9,828,0 H7«8(,s
50,913.0
Aug. 3.. 38,715.3 179,336,
• We omit two civhert in all these figure*.
doe to other btnkn.'
Inoladlnir for Bontou and Philadelphia the Item
1
K*u
1001.
12.767.656
Rtreli'ttof—
t
$
I
f
888.46S 1 1723127
856.198, 6 1775 >1*
867,668, 4 1789212
878.506. 9 1806457
57.632,9 194.726, 15.324.0
57,632.9 192,135, 14.690.0
57,632.9 192,061, 014,226.0
20..
27..
Aug.
Total receipts at ports from Jan.
follows for four years:
.bbls
Loam.
20.. 189.080.1
27.. 180,060.8
••
Philadelphia Banks.— Hd.iv
of the weekly returns of the Clearing
York City, Boston ami Philadelphia,
A
surplus.
'
&
Boston
City,
summary
furnish a
273
los.yei
12,8*1
No.
1
New Yori
NASSAU STREET,
S'ook Bxoha-ik'e,
THE CHRONICLE.
274
i »
Name
of
i
v
i
i
i »
&
Wayne
ki
i»
Company.
s
.
coup.. 1026, al
When
Per
& conn Western
Reading Co., 1st pre!
Lawrence <fc Adirondack
l 3i
Sep
8
2
J'ly
Sep
;
'.i
1 Aug 11
81 J'ly 22
2
Hartfofd
1
Aug
2
2»a
Sep
Bep
10
St.
2
OC1
16
2
2
2
Oct
Union
&
N. Y. (quar.).
PaolflO, coin
do
<io
pref
Aug
Ool
2
Aug
A Ilinghnmton
Street ItnilwnjN.
1
Sep
Detroit United Ry. (quar.)
Aug
Metropolitan W. side Kl., Chic, pref..
2
Sacramento (Cal.) Kl. Oa«& Ry.(mthly) 15c. Sep
Miscellaneous.
l 34;Aug
American Radiator, pref. (quar)
l '• Sep
Glucose Sugar Refining, coin. (quar.)..
n
Sop
do
do
pref. (quar.)..
l
do
Nlles-Bement-Pond, com
l^i Sep
do
do
do
pref. (quar.)
IV Aug
IV, Aug
Pratt & Whitney, pref. (quar.)
1
Aug
St. Paul Gas Light (quar.)
Standard Oil (quar.)
$8 ISep
t Also l'a per cent declared payahlo Deo. 5.
Utlca
iotis
to 187. The following are the daily closfor yt'irh/ range tee third parje following.
i:«i;';
:
A
Interest
Cliiitiui
I
i
I
::i
1
to
to
Aug 21
Aug 21
Aug 25
to
to
to
Aug 21
S<
\<
26
to
to
i>
4
to
j
J'ly 31
Sop
Aug
2
31
Sep 10
Sep 4
Oct 8
1
1
Sop
Oct
Oct
8
to
to
Sop
2
to
to
Aug 30
Aug 31
I
8
1
2
31
1
Aug 16
Aug 18
Aug 29
2a, 1930
regis!'
2s, 1930
coupon Q2s, 1930 .nna l.reglMtoic.l ...
2s, 1930 ,sniall
coupon ...
3a, 1918
registered
3s, 1918
coupon <i
3s, 1918, small. registered Q
3s, 1918, small
coupon y4a, 1907
regl«1< to.', Q
4s, 1907
coupon Q4s, 1925
registered Q4s, 1925
coupon Q6s, 1904
registered <i6a, 1904
conpon Q-
Q
•This
Aug 15
to
Holders of rec. Aug 17
Holders of rec. Aug 17
Sop 1
Sep 5
to
Aug 15
to
10 Aug
15
Aug 10
2
2
5
15
L6
Aug
Aug
U
U
11
16 'Aug 16
Aug
Aug
15
15
Sop 2
to
to
to
Is
t/
Aug.
v
3
Ptriodt
Jaokson, pref
Southern, pref
Syracuse Hlnghamton
ing quot.it
Books Cloned.
(Day* Inclusive.)
Cent Payable
Lebanon
<S
n
;
KiiilrniuU (Stemn).
Cleveland A Pittsburg, guar. (quar.)..
Cornwall
United States Bonds.— Sales of Government bonds at the
Board inolude $8/00 3s, coup., at 108%; $2,000 3s. ng.. at
108; $14,000 Is. coup., 1907, at 113 to 118$$, and $11,000 4s,
(5a»tte.
Jtoufcjers'
[Vol. LXXIil.
S
Aug.
6
Aug.
Aug.
8
7
Aug.
9
Jan '\<)7\ M07»4 -107*4 '107 >< *107»« *107*4
-Jan -107-, • 107*4 *107*4 *107'i »107»4 • 107*4
r
-Feb •108>4 '108*4 108
'108'4
•Feb '108 4 '108«4 *108'4 108'.!
-Feb
•ibs" 108"' 108
•108
'108
'118
-Jan •113
'118
•113
113
'113
-Jan 113
'113
118
118*.
'137
Feb •137
137
•137
137
•137
Feb
137
130'„ 137
137
-Feb 10734 107^4 •107*4 *I0734 •107»4
-Feb 107»4 * 10734 »107»4 *107'.i •107*4
1
'
108 "4
•108>4
•108
•113
•113
»187
-137
•107*4
•lo73 t
the price bid at the morning board: no sale was made.
Coins.— Current quotations
Sovereigns
Napoleons
XXRelchmarks
$4 80
3 86
4 75
25 Pesetas
4 78
Spanish Doubloons. ..15 60
Mexican Doubloons.. 15 50
Fine gold bars
par
7/*4 80
©3 93
©4 80
©4 83
®1
6
in gold for coins
Fine silver bars
Five francs
60
60
©15
©Uprem.
Mexican
and
dollars
bullion:
— 58V* — 60
— 95 @ — 96
— 46 © — 48*9
— 44 © — 46
Peruvian sols
English silver
$4 84
United States trade
— 62
dollars
©$4 88
© — 70
State and Railroad Bonds.— Sales of State bonds at the
WALL 8TK.EET, FRIDAY, AIJO. 9, 1901.-5 P. 1*1.
The Money Market and Financial Situation.— Failure of Board include $20,000 Virginia fund, debt 2 3s at 94%,
representatives of the Amalgamated Association and of the $10,000 Virginia Gs deferred trust receipts at 1% and .$1,000
United States Steel Corporation to agree as to terms of set- Alabama class A at 108.
The market for railway bonds has been somewhat more
tlement on Faturday was the chief cause of a radical decline
in the stock market on Monday. Later in the week the active than last week. Daily transactions did not fall beofficial order for a more general strike had no depressing low $1,000,000 par value, and averaged about $1,500,000.
effect.
On the other hand it has seemed more and more There was some irregularity in sympathy with the stock
improbable that the Association will be able to accomplish
the purpose it had in view when the strike was inaugurated,
or that the general business interests of the country are
likely to be much disturbed. Under the influence of this
growing conviction the security markets have assumed a
stronger tone, and values have in some measure recovered.
Other factors in the general situation are for the most
part favorable. So conflicting have been the reports in regard to corn-crop damage and so various the estimates as to
its extent that the Government report covering the matter
to be issued to-morrow (Saturday) is looked for with unusual interest. As an offset to this damage, whatever it
may be, is abundant evidence that the spring-wheat crop
will be one of the largest, if not the largest, ever harvested
in this country, and of superior quality.
The money market continues easy and interest rates low.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 2% per cent. To-day's rates on call were 2 to 2^ per
cent. Prime commercial paper quoted at 4% to 5 per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £782.908 and the percentage of reserve to liabilities was 4918, against 46 25 last
week; the discount rate remains unchanged at 3 per cent.
The Bank of France shows a decrease of 200,000 francs
in gold and an increase of 950,000 francs in silver.
The New York City Clearing-House banks in their statement of Aug. 3 showed an increase in the reserve held of
$2,280,200, and a surplus over the required reserve of
$22,165,350, against §^3,128.575 the previous week.
market, but net changes in the active
list are,
with one or
two exceptions, unimportant.
The most conspicuous of
these exceptions are Mohawk & Malone income 5s, which
have advanced 12 points within the week. Burlington &
Quincy new 4s were again handled in large amounts and
fractionally declined.
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
itself.
It will be found to-day on page 281.
Railroad and Miscellaneous Stocks.— For reasons noted
above, the stock market was decidedly weak on Monday,
when practically every issue dealt in showed a loss of from
The tone was better on Tuesday and about
1 to 6 points.
three-quarters of the active list recovered a part of the previous day's loss. Wednesday's market was exceptionally
dull, the total transactions amounting to but little more
than 300,000 shares. On Thursday the improvement was
more pronounced. Monday's conditions were reversed in a
somewhat modified degree, and about seven-eighths of the
changes were to higher quotations. Notwithstanding the
improvement noted, the low prices of Monday were not
fully recovered from and closing quotations are in most
cases lower than last week.
There were a few exceptional features, including St.
Lawrence & Adirondack, which was brought into prominence by the declaration of a dividend and advanced nearly
16 points on relatively limited sales.
Lake Erie
Western
issues were also notably strong and show an advance of
from 9 to 12 points. Missouri Pacific and Rock Island more
than recovered the early decline, and both close with a net
1899
gain. New York Central, Illinois Central and Louisville
Aug. S
Nashville were relatively strong.
Naturally the United States Steel stocks were sensitive
$
68,922,700 under the direct influence of the strike situation and de77,382,600
753,080,500 clined to 39'g and 89 respectively, a part of which has been
13,755,800 regained.
American Sugar Refining was irregular, fluctu849,903,200
165,574,800 ating over a range of 1% points.
,
Differences
1901
Aug. 3
from
previous week.
$
$
Capital
1900
Aug. 4
&
$
Speole .............
Legal tenders,
83,222,700
97,305,000
878,606,900
30,572,800
955,912,200
180,545,700
80,597,700
Reserve held
Legal reserve.
261,143.400 Ino
238,978,050 Ino
2,280,200
3,243,426
252,765,500
223,620,625
220,586,400
212.475.800
22,165,350 Deo
963,225
29,144,875
8.110,600
Surplus
Loans & discounts
Circulation
Net deposits
Surplus reserve
Note.— Returns
,
of separate
—
Ino 10,853,500
Deo
64,700
tno 12,973,700
1,624,500
655,700
Ino
Ino
&
74,222,700
91,035,000
803.697,900
26,645,700
894,482,500
176,586.400
76,179,100
65,011,600
banks appear on page 272.
The market for foreign
exchange has
Foreign Exchange.
continued strong and rates further advanced on a steady
demand
for bills and limited offerings.
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 85^@4 85)^; demand, 4 87%@4 88;
cables, 4 88j^@4 88^; prime commercial, sixty days, 4
4 85; documentary commercial, sixty days, 4 84*^@4 853^;
f"ain for payment, 4 85}4@4 85%; cotton for payment,
84%@4 84%; cotton for acceptance, 4 84%@4 85.
Posted rates of leading bankers follow:
M%@
Oatgide Market.— With the exception of Monday, when
a fairly large volume of business was transacted, the outside market this week has been characterized by extreme
inactivity. Following a general decline in prices on Monday, led by American Can stocks, which sold down from
74^ to 71 for the preferred, and from 23 to 22J^ for the
common, there was a slight recovery on Tuesday. The
tendency the whole week, however, has been toward lower
prices. Consolidated Tobacco 4s were comparatively active,
opening on Saturday at 67, receding on Monday to 64^ and
subsequently reacting to 66%, at which price they closed
Colorado Fuel & Iron new convertible 5s
firm to-day.
were ffered on the curb for the first time on Wednesday,
<
worth changed hands at 100^ to 100. Bay
Gas has shown some activity and several large blocks
have been sold at about 1. Standard Oil was traded in on
August 9
Sixty Days
Demand
Monday in small lots at 770-772^: on Tuesday (after the
declaration) dealings were at 768, and the close
dividend
Prime bankers' sterling bills on London. 4 85^ ©4 86^ 4 88
©4 89
to-day was at 773. The Seaboard issues have been almost
4 84 34 ©4 85
Prime commercial
4 84^ ©4 85*a
Documentary commercial
neglected. The 5s sold to-day at 101% and the 4s at 82.
6 18 s*@5 18 «
Paris bankers' (Francs)
5 16 ** ©5 16 1
National Enameling & Stamping common changed hands
40*16© 40*8
Amsterdam (guilders) bankers
40*4 ©
© 95Ha 957 18 © 405l6
Frankfort or Bremen (reichm'ks) bankersi 95
95*3
on Thursday at 24 and 30 shares of the preferred sold at 85.
• Less 1 ieDetroit Southern bonds were dealt in to the extent of $10,000
The following were the rates of domestic exchange on at 85, and the bid price for the common stock was adNew York at the under-mentioned cities to-day: Savannah, vanced 2 points to 13. Kansas City Fort Scott & Memphis
buying 1-16 discount, selling 75c. premium; Charleston, 4s declined from 87 to 86, and the preferred stock sold at 74
Royal Baking Powder preferred held steady at 99,
buying par, selling % premium; New Orleans, bank, $1 00 to 74%.
premium; commercial, 75c. discount; Chicago, 30c. premium with few sales. The outside quotations will be found on
page 281.
St. Louis, par; San Francisco, 7%c. per $100 premium.
l
1
1
.!
and
State
$10,000
New York
Exchange— Stock
Stock
OCCl 1M
8T00JCS
Monday
t>utur din/
a
*
a
ug.
'
1
i
J
*21V.
90
73
95 V
-
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93
94
92 V
108*8
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115'..
93 '4 91'-.
94 '4
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168 158
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86 Hi 37
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76
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95 Hi
72
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91
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129
198
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135
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138
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"j.-.s
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a
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till.
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Chicago
118
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61
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161
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53
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90
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175 V •175
52 V
75
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112
77
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78
jirrf
tin,
78
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215V *214V217
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32
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•94
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141
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70
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loo
14434
142
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85
25
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'.'7
62
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os
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04
.Ki
OT
143
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'
72
141 34 143
"22
20
T5
85
92
68
09
•
100
6,100
2,000
i,eoo
3,100
1,700
2,300
4,093
&
a ware
<fe
Uuilson
law. LacK & West'n.
DnivcrA Klo Grande
Do prcf
Denver & 8<mtliwestern.
52
74
500
800
10'.,
03,035
8,710
1,450
1,240
50
Do 2d pref
66 *a Evansv. it 'lH;rre Haute..
90
Do prei
Kt. Wovth&Den. C.stmp.
177 Great Northern, pref
Green U. AiW., deb. ctf. A
deb.
Do
Hocking Valley
Do pref
52
74
ctf.
1,932
75
70
Do pref. vot. tr. etfs.
Keokuk <fc Des Moines...
pref
Erie
pref
& Western...
Do
'
L.
shore
210 V
32 V
32V
51
'87
&
&
Nash\
70
100
72
*64
14834
143
"94
"21
ille...
Elevated...
itropolitan Street
Met. West side El. (Chic.)
Do pref
Mexican Central
.Mexican Nat'l tr. receipts
Michigan Central
Minneapolis & St. Louis.
Do pref
Do
pref
Mo.
Do lstpref
Do 2d pref
3,200
w York &
adjustment, pref.
By
pref
Coast Co
Plic
Do lstpref
100
41 Hj 42
76*8 76*8
52
53
'.1
39
40 Hi
TO 'a 70 V
49 V 51»4
39
40
70V
50 V
70*4
39'4
TT
5034
50-'4
40%
77 V
40
41
70V 77%
51V 51V
Do 2d pref
nnsylvaiiia
Peoria & Eastern
Pere .Marquette
Do pref
51
pret vot
309
43,070
6,900
11,810
t
pref. vot'g tr. ctfs..
E10 Grande Western
Do
I
I
3
1
1
150',
lis
J'n.
69V Jan ls7VDec
a
I72
pref
4 J,.,
'
no
145
20
April 172
1
31
120
Nov
Feb 175
Mar
Ocl
Dec
1434
April'.
V Apr 15
92VJlyl9
57
l
97
47
1
1
1
8% Dec
42% Dec
V Apr22
May
May
57
30V Jan
6
!
Mar
Mar
Apr
1
Feb27 217
24
May
Apr
1
11
75
29
400
J
67
l:
73
98
75
7
J'nelO
Apr 26
J'nelS
5
J'ne
71V Dec
104% Nov
27 Apr
09 Apr
17V Dee
47 V
72 V Dec
1
tee
May
Dec
Mar
Jan
DeO
57
:
55 V Jau
ne 7
May 7
J
78
let
<
J
Vpr22 124% Sep
II.
is
so
O
Deo
-J
J
an
J'n.
15
1
b
115
Si p
Jan
i'.
84% Nov
17*8 Dec
5 Mar
86% Deo
91%
46 Maj 62 Not
83% Sep 90% Deo
07
20
Feb 16
Dec
83
J'nelS
J'nel7
66
93
1
Jan
Jan
Jan 9 75
Jan 2 86
Jan 30 so
Jan 4
Jan
-
10% Deo
82 Feb
37 V Apr
32% Dec
J'n«
38
89
1
.In.
5
9
3
Dee
Dec
Dec
115 Dec
}240 Dec
6
28
52
,1'ly
Mar22
May
V Apr
J'n.
::5
21 V.Ian
Die
T
1
43 % Apr
45":
lay 9
113V May
25
Dec
j'ne
J'ne 21V Dec
j'ne 110 Dee
9i p
Hay 2
Deo
Deo
27% Dee
58 Mar
Jan
Feb21
ai
74*4
132^4
}l83VJan
3
40^ May
9
:
72
57
88
2
I
1
S IV Jan 21
ivii
52
9
Mai 22
S2VJ'1>
1
42 Jan lo
Feb 16
82
77 V.I an 21
Apr
May
115
208Vj
33*4
Chic. & si. 1,
Do pref
Reading, rot's tr. ctfs..
-t
o
Apr
April 195% Maj 220 Dec
l75VJ'ne 5 109 J'ne 122 V
89 Feb 26
100 68 Jan 8
137 May 9
100 14% Jan 22
Pittsli. Cin.
102 102
39 Hi 40*4
7538 70 Hi
50 8s 02
200
216
948
120
}134VJan 15 L39
52% Norfolk & Western
I',
May
May
May
lss
i.,
3934 Apr
26 V Ocl
66 J'n. 70 Dec
121
Apr 20 103VJ'n, 118 Dec
27% Jan 7 37 .Mai 6 14 V Jan SO Nov
07 Aug 7 77Vl'eli s 46 -Ian 72 Apr
8 34 Dec
Sep
5
8% Jan 21 IS Apr 29
40 Jan 31 50 V Apr 29 36 Se]i 47 V Mar
20V Mar
10 V Jan 4 28*4 Apr29
\pr 3 1 06 V Sep 134 V Dec
105 May 9
34 Dec
Sep
194
211
188VJan 8
May28 171 V
29 V .Ian 21 53 V May 6 16% Jan 34V Dec
SO Jan 21 l03VJ'nel
64V J'ne 87 Dec
.I'll. -2".
69 .riv 8 71
69 J'ly29 89 J'ly29
Dec
18 .Tan 30 45 J'ne 5 12 J'ne 21
OVMar
5 Jan 9 12 V J 'no 5
4 J'ne
13% Jan S 22 J'ne 5 19 J'rj 20% Nov
24V May 9 4 5 V.J 'ne 4 10 V Sep 27% Deo
03 V Dec
59*4 Jan 21 73 V J' n'29
43 V Deo
39 V.Jan 4 01 Mar2l
Mar
41 Jan 31 68 Apr 12 38 V Oct
Apr
Jan 4 95 April 74 Oct
81
17 Jan IS 30 A]. r20 12VMar 20 Dec
.Fn, 193 VDec
107 V May 9 20S .Marl 5
65 Jan 2 67*4 !•'<
53 V Mai 00 Die
120
100
17,710
27,7oo
100
Dec
Deo
Doc
Dec
Dec
148% D«0
1
s 197V
14,280 139% Jan 21 170
16,490 16 May 9 41V
NY.
Y. Chic & St. Louis..
Mar
Aug
1
5191 H> Jan
Hudson.
Harlem..
Y. Lack. & Western
N. Y. N. Haven & Hartf.
32»4 .V. Y. Ontario & Western.
70
100
74
144
20
75
81
L..
Dec
.
1
Essex
&
Dec
i
i'
Central
Do
b
i
Jan
1
Missouri Pacific
Mob.&0.,J.P.M<fcCo.rect8
89
92
.
& S. S.Marie.
Kansas & Texas..
pref
}2
I'll. 2-1
1
S. P.
Ho
22
11.20
.
117V.Muv T
87 Maj
7S V A pi 19
Jan
61 V
146 34 Jan
J'ne28 115 J an i;.n.la\ 31
J n.
2 1
42 a 4
39 Muy
27 May
60 V Apr 30 31
42
72 V Jan
.j, 30
\pi 3d
138 V Jan
19% Jan 144
\|.l 29
SS Jan 109
91 Jail
130 A |ii IS 119 V Deo 125
120 >a Jan
10 .l.ui
26 V Apr 29
9% Sep is
90 J'h 2
94*4 Maris
SI
J'n.
75 Mavlo
i n.2
68H»Aug 83
42 Jan 3 56 Mai 11 SO J'm 45
S3 Jan 21 40VJ'ne 4 14 Jan 29
5s '4 Jan 2
75 'i Apr 2 45V Jan 01
1
Manhattan
Minn.
6
J lie
88% Apt
1
Apr
Apr
'.j
Mich. South'n
Long island
I.i.uisville
8% Jan
8
2
1,505 09--'4 .J.1112I 80
5s Jan
8,789 124 May 9 154*4 J'ne29 llo J'ne
0.835 21
.Ian 21
43%J'ne21 11% Jan
6,800 48 Jan 21 s7V.riy i
39 Sep
900 21 .Tan 8 41 J'nelS 10 Jan
7 Sep
13 V Jan 4 25 Apr30
35 Jan 4 49 Apr 30 27V Sep
534 Jan 8 lo v Feb 13
3V
24 Jan 2 86 Apr 4 14 V Oct
2,000 39*4 Jan 21 OS
Apr 19 211 V Mai
2,330 10SV.lan21 130 Mar29
250 J Iv is 8197 Jan
5230 Apr
in. 22
327 07 Jan 3
23,990 70 May 9 111*4
68*4 Sep
S3 May 9 131*4 Apr22 84 J'ne
5,100 150 May 9 177 J'lleL'l
13*4 Sep
27 Jan 9 37 J'ne 6 24% Jan
79 V Jan 15 92 J'ne 5 70 Feb
4.200 12*4 Jan 21 30
10 1-. Jan
2%Sep
17,515
Jan 24 15 April'.
107 V Mar 4 lo7'i Mar 4 ilt'l Jan
1)900 67*4 Jan 19 111 V.I'l.vl9. 45V J'ne
S7V.F1U
1,200 10134,)an 7 117 V Aug 9
14 Sep
1,450 15 Mav 9 27 V J'n. -2
1,150 49 Apr 9 78 J'ne25
47 Nov
2. SKI
9 Sep
15 Jan 21
\l.r20
3,710 37 May 9
Apr 19 36 H Sl
- Jan
44,370 69 Jan 4 12 V J'neli
J'ne
Ts Muy 9 S3'.jJ'iyl2
Michigan.,
anaaa City So. vot. tr..
Iake
tax
IV.Muy
97
7V-)an2S
Kanawha &
Do
9
ii.v
Marl9
840 40VjM"V 9
owa Central
Do pre!
H
1
lire
I
I
1
B
1453, Illinois Central
7734
20
T5
85
L.
Wheel'g.
c
42"..
Do
"03
"93
"07
100
70
70
14178 143 1a
72
Hi
"90
St.
.'
86,910 134 Ma] 9
175 Mhv 9
.Ian 21
2,200
207 Mar )
9,250 110% Jan 4
125 Mar 2
100 iso Mar2fl
8,605 10 V.I a 11 19
2.100 33 Jan 21
3,200 73 Mhv 9
115*4 Jan 12
So., vot. trust
lstpf. vot. tr. cfs.
2iipf.vot.tr. ells.
Do
159 "4
<fe
Northern Pacific
90i-.
400
prcf
Colorado
220
&
Cin. Chic.
pre!
Do
39V lo-
90
2,400
-o Tcim'i Transfer.
Do pre!
118
40 H
51-V
300
600
4 p. c. pret "r. "..
mliauap. & Louisv.
Do
18
37 H
W
217
•214V
31V 32 V 32 V
51'
51
50
"88
"88
90
50
P.
151 151V 151 152
39-4
39
39
41V
-108 112
'108 112
77 V 78«s
783.J 81
*215
10\ 085
Western
1. ;,i
A
Apr 22
91
30
1
300
Illinois
i p, <•. Oebeatorea
5 i>. c. pref. "A"..
Do
Clue
v.
2I5H2
a Qulnoy.
1
A Ka«i'u
,
300
4,900
1,017
190
1
H4V
78
12H
MilUl. A; Olll.
pref
8
*7
*7
8
8
8
•30
•30
35
35
85
3
"00
53 V 58 4
59 V 03 V
63
120 128
125 120
125 V 125 V
'250 V 275
•251 275
'250 275
•75
70
78
75V 75 V 70
99 34l0O 34 100 v 101 v 100'a 10134
no 115 » 110-4 110VH7V
103 104
104 105 V 104 105
"35 V 30V "35V 30V -35 V 36V
-92
95
-91V 95
*91V 95
23 '4 23"4
22
22 V
23 V 24
9
9 V 10 V
10
11
9V
'105
*105
105 ....
1O0V3OT
107 110
109
114 115
116 117
117 117 V
2334 25 '4
24
25 V •24
25 H
-TO
"71
73
73
70V 72
"25
"25
25
25
20
V 20
52 V 52 V
52% 5334
51V 52
95 6 99 V
94.34 90V
98'4l01V
39"
37
(lino
140
1
....
•7
149V 150V
3T'.j
112
78
A
Alton
64
Ian 21
-i
77
7,5oo
1,700
Mu\ 15
1
81*4 Jan
83% ivi.2-
200
.,
Moariscfc
'106
Jlnjfictl
•u\ 9
20,1.(0
.
Do tirei
Chicago Mllw. A: St Paul
Do jircf
Chicago it North Western
Do pre!
Book EaTd A Paolfle
*30
149 V 151V
38V 39 V
i
1
Do prcf
Des Moines A Ft Dodge.
Duluth So. ShoreAi Atl..
Do pref
173a 17:^
37 Eric
30
04 V 05V
Do lstpref
810V
144V 145V 144
39
76
8
31V 31V
100 V
70
25
04
48
73 V 73 V
9
23 V
36
04 '4
•49
"53
*80
143Hil44
37
39 V
71
7'5V
;
:
9 34
•17
173V173V 175
•75
99 34 100*4
115 110 V
103 4 104 H
•35 84 37
"91 'a 95
22
22 V
166
37
95
22 V
9V
18
033„
173
35
54
120
275
80
•17
48
"51
"80
55
*7
9
•
l'n
iS
n« « Jeraey...
[0 .v
4T'4
34
1
35V 36
90
*31
"51
'115
9
1
Si.ullli III
,.r
'81V
•88
70
167 ka 168 'a 167
184 184
83 V
190 195 "190
190
v.il.
Paolflo.
hi
1.
;i
Do
81,512
4,800
•!>•
\ ot u
BapldTransil
,1
elm 1.1
33
92
'4
*45 34
33
TO
186
10
360
...
51 Hi
943a
47
125
48 34 48 a4
73 Hi 73*4
141 34 144 34
*34V 36
"70
73
31
31
50
74 3s
99-'<gloi
"35 Hi
•92
22 V
140
198
17<%
86»*
31*4
'4
1373*
125
*9
115V117
1153
136
10
"7
8
"30
35
60*4 53
110 120
250*8275
*75
78
•HI
•106
72
13
50
22
159 4
227 V:
72
31
Sl
40V *4534
1
•90
:
;)
141V 144V
72
"91
*81>4
L28
1
pre!
2
138 V 137 139 Hi
140 -125
'185 198
185 185
1I88
18
18 "a 18H
17<V 18 '4
18V
30 Hi 30V
3 7 Hi 37V
37 Hj 3734
8S 4 89
•89
91
89 V 90 »8
115 118 '115 118
•115 118
-30
•30
"30
35
35
35
"00
"07
07
72
07
72
12 V 12 V
13
12 Hi 12\
13%
•4978 50 Hi "49 V 50
52
51
•>
*
lo
"21
1
22
21
21
2 2 Hi
157
158 Hi 159 159 Hi
157 V 158 Hi
220 220 Hi 324 225 Hi
222 225
4034 4034
41
42
40 V 403.
90<4
88 v 88 V
90
88 Hi 89 V
09
08
OS
69
158
227 V
•40
41
88 V 90 V
'
69
•
09
834V.
166 100
•35 V 37
-
....
74
37
74
34
101»,
'1
118
"30
•67
•
22
33
32
•08
70
165 V157V
182 Hi 185
190
J::;;
'sa"
39
93
Sl 34
40
155'4l57
182 Hi 186
189 V 191V
9(»
'115
49
54
120
275
79
•116
•250
•76
101
37
63V
8
35
•31
86»e
89*8
173
76
• ,::
18V
Hi
21
•91
"81
7
e
L36
18
173 V.
145\,
•
IT
81
188
39
99
82
•120
Santa
]in-f.
Boon.
pro!
Do
120
138
A
Ohio,
u
.
.
(1
120
J.UltClt
.
1
jiref
l.u
107 Hi 10T34 10s'., L08 s4 los ins'.,
-00 '-J 07 H
OTV O.s
09
'15S
'157
102
168 100
43'4 44
44 Hi 4-1 'i
30 V 30V
37'.,
87H)
*T5 4 70V
70
70
75 V
125
133
•
prel
.
25
Week
.S/iun
20
Am,
;,
*44»4 4734
32 Hi 33
•67
B9
198
B0>e
*115
•31
592
137
162
40
.
21
!0»4
'.J
Jl81
13
12T
133
22
90
99
92
83
89
83
45*4
47 J4
49
34
32
sa
OS
70
160V 155 3 168
}1«4 4 185 V
187 190
200
V 22 v
1
loui
w(lOOO)
HANG K
.
122
tar 1902
>
Kiiilruudn.
'21
36
125" i25"
ms
KIT
'21
Bangt for
KX
Yul.i
Any. 7
2o
66
73 V
14
69
69»a
112
T2'4
75 V
7.V4
93
128
*121
'21
96
W
I
-
I'Vt.l
BT04
N
Th urtday
Weekly and Yearly
Record, Daily,
l>\\ «j
PHICJBS
i
.
Wtdtu
Aug. S
•62
93 V
V.V'i
Hay
Aug. 6
•82
79*8
HIQHKST AND LOW1
l\(.
J'nel7
59 V May
85
Jan
1
43 V Jan
so
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Jlid
Banks
Hid
Bid
Bid Ask
Bnnks
Banks
Irving
190
Mutual'
186
150
UthStreettF. 105
Ki.u YORK
ih.rMfr. 200 270
Nassau'
2 35
City
Fourth
180
050 700
CITY
Sid Ask Colonial H ... 300
5110
Liberty
New Amstei 100
430
Gallatin
too
900
iiooln
Am. icaU ... 505 540 Columbian .. 325
New York I'.. 1500
Oaaaei oort| 140
Manliaitan"
Am. Exch.. 260 275
300 325
500
Conine
N Y Na
Id
370 V t
25.1
n.a STork..
Astor
270
Corn Exch'j. 410 425
tiennaii Am' 125
000
150
clianios'
19th Wardl
Domes
Exch 100
German Ex,
ni .... 300
'''lut'lr.i' 125
Broadway ... 1300V 301V Bast Kiver.. 140 150
80
(Teiinaniali .. 500
150
Ninth
111 tile ..
200 275
Butch's&Dr 110 130 jlltli Wardl,. 150
IT..
North Amer. 200
ich
n
10
Cent :al
Exch.
Oriental^
185
Fidelity,: .... 220
150
195
Hamiltonl] .. L60
'
Chase
r chants'.. is;,
alic',
Fifth AveV.. 3250
Hanover
700
880 710
Il.ipnIlS"
05O
Chatham
580
Park
325 350
Fifth
Hide A I.'alh
326
J
Chemical
200 ||People'sir....
4000 1100 First (new
in p .v Trad
ro
700
00
* Bid and asked prices; no sales were made on this day.
si, a,, banks.
E rights.
i Less in. in 100 Shi
«
t Sale at Stock Exchange or at auction this week.
stock ••cornered" sal es-for -cash" were made as high as 1000.
Banks
Banks
Bnnks
Citizens'
|
Bid
Ask
1
''
!
1
'
e
... ..
1
1
210
1
.
''i
1
.
'
..\
.
i
.
.-.
11
i'1'2"
Shoe
|
1
>
1
,
j
1
'
1
)
.
1
1
1
.
||
'
o. certili
110
70"
Stock Record— Concluded- Page 2
276
STOCKS— HIGH KST AKT) LOWKST SALE
Monday
Saturiiaij
Any.
Aug. 8
•11
B0>
11
12*.
*
20
102
*2r.
300
39 4
•78
68
•28
•6H
O
HO
27
58
51 %
56%
39% 28
82 4
8 1
38 '4
41
•130
122
* 20
22
32%
86
30
80
•120
•20
•32 4
J-'riday
A vu. a
Aug. v
11
}U
•64
»23
•11
13
»6S
67
-23 4 28
113 lit!
•114 13
88%
tiT
274
66%
88
88
21 >»
87 H
19 34
884
37
39
174
18
394 39%
184
49
•29
20
•40
52
81
•204 21
434
•40
•170
170
180
11241134 110
4
4
•18
20
294 294
•834 84%
33 4 34%
91
9)4
•190
200
31%
32
09
28
65
•67
*28
•60
•25
•85
26
87
•64
52%
52 34
60
31
284 29
194 20
20 4
43 4
111%
18
80
19 4 20
*123
19
*180
64
101
1304
•98
130
18
78
44
*17
*75
43
80
132
19 4
190
28%
27's
*32
252
116
148
8
"64
274
64
28
101
2174221
654 664
66 4 66*4.
•115 1184 *115
145 145 -144
8
*8
84
40
85
91
*12
•42
•100
*
*100
"13
42
*100
17
43
103
*19% 204
•90
41
92
41
213
51
99%
*41
*85
131
*122
98
1304 *130
19 34
17
•75
434
218
*94 10
92 4 93
"123 132
"18
20
"180 190
217 219
*212
220
*
10
92
132
20
190
218
7%
7%
-27
36
34
247 4251
7 34
*27
*33
30
35
184
42
103
194 194
*90
*39
135
•99
41
95
101
92
414
135
1004
984 99
41
37 34 40
1154 1124114
114
42
424
82 4 824
205 205
•42 4 44
•83
85
205 205
44
*84 104
194 20
*3
•74
75
29 34
•77
•33
29»4
•78
784
34
81
*6%
7
*29
77
32
k
77
6 3g
30
77
33
81
6%
"99
•13
90
101
18
'100
•13
41 34 424
41
*100 103
*100
lO^a 194
19
90
90
90
•394 414 "39
*754 78
*754
*135 140 "131
"98
98
97
84
*43
*214
10
92
*123
20
*180
29, 000
185
4
Express
malgamated Copper...
American Bicycle
Do
'85
12 4
>140
160
91 34
American Express
American Ice
Do
110
4,145
200
pref
American Linseed
Do
685
210
pref
American Locomotive...
Do
850
200
300
pref
American Malting
Do
pref
Amer. Smelt'g
Do
&
7,210
2,330
Renn'g.
pref
American snuff
Do pref
200
American Sugar Refining 83,095
100
Do pref
American Tel'gli A Cable
s American Tobacco
2,950
"
<fc
•12
414 42
103 4100
19 4
20
'86
90
•85
"98
"12
•41
100
1174
Diamond Match
8
37
95
102
18
42
103
20% 21
20%
"86
92
92
414 "394 414 414 414
"754 764 5764 764
78
*131
138
97
•97
40
114
37% 40
140
1014 •98
Distilling
Co
America.
of
Interuat'l Steam
Do prof
Iaclede Gas
-*
Do
6%
"6
63*.
"6
7
90
•85
90
"85
*85
88
"140
160
904 90%
'140
90
150
904
•85
90
1
13%
184
56
43
7
594
*140 160
90 4 92
121
*140
92
21
.tn
Deo
78
1
>eo
184 Deo
V'ne 45 4 Dec
J'ne
46% Deo
J'ne
Deo
Deo
Deo
134 J'ne
454 Mar 135'* Jan
L0%J'ni
49 4 J'ne
3.
1
9
Mav22l
39 4May22|
95% Jly20
61
4 J'ly 704 Deo
121
150
93
pref
National Lead
Do pref
National Salt
Do pref
New Y'ork Air Brake
Fargo
Aug
7
Jan 21
70
95
860
May
189
107
487
7 158
470
520
100
30
2,860
1,610
4,000
200
400
500
Co
Tele' gph
J'ne 183
Jan
81
Jan 200
M« 60
J'ly
AprlS tl64 Sep 201 Nov
21 4 May 40% Dee
70 May 95 Nov
238
71 4 J'ne 6
124 J'nelO
146 Aug 7
104J'nel8
81
Maj
1
22
40
103
May
Dec
Dec-
29 34 Dec
77 4 Dec
Mas 80 Jan
Jan 100 Jan
18% May
(J 4 Jan
!
23
J'ne
79 4 J'ne
7
15 8 Aug
3
J'nel7
Aug
32% Oct
69 4 Oct
Sep
Apr26; 112
404 Nov
Feb
96
284 Fel>
1064Feb
46 Nov
764 Nov
75 Nov
J'nel8|
52
Jan
89
Apr29;
7()34
176
12%May27
J'nel7j
1
Apr
38% May
90 May
414Apr
86 34 Apr
'Ue
Nov
57
1114 Apr
32 4 Sep 58 34 Jan
2
!17
Apr 1
5 4Mav3i;
.1
Oct
894 Nov
Sep
•<>
Dec
204
J'n<
Aug
24Mar
104Mar
7% Oct
8% J'ne 274Fe>>
A.uz 70% Feb
49
2l
21
174 Oct 26 Nov
594 J'ne 71 Nov
44 Mar 104 .n:n
84J'nel3'
2|
8:
76%J'nel8! 49 Oct
19 Jan 18 42 Apr20 134J'ne
300 12 Apr 12 19%.T'nel7 10 J'ne
65 April 75 J'nel7 504 May
40 §53 Jan 26 00 Aprl9 545 Mar
7% J'ne
20,010
7% May 9 16% May 2
13.955 694 May 9 82 J'ne 3 65 J'ne
655 17 4 Aug 5 34 Jan 2 21 J'ly
368 55 Apr 8 85 Jan 2( 744 Dec
376,325 24 Mav 9 55 Apr 30
182,640 69 May 9 101%Apr30
1,100 51 J'lyia 72 Mar30
500 116 Apr26, 1244Mar28
5130 Jan 11 5160 J'neUJ 120 J'ne
23,556 81 Jan 21 1004 M«v 6 774J'ne
7,800
100
03
1.
47% Jan29l 25%
1204J'ne21| 81%
24
82
1
OS
90
8,
Feb 28
Aprl6
Dec
Nov
Nov
26% Nov
Nov
75
58 Mar
55% Dec
24 J
34 Aug 10% Jan
Dec
144 Mai
Mar22
Mar25
95 % J'ly
100
J'lyl5 175
109
734 Feb 14
304 May 9
95% Jan 21
30 Mar 7
724 Mar 5
1954 Jan 21
14 Apr 22
7 Mar20
12% Jan 22
554 Jan 21
26 Aug 9
764 Aug 9
194 Feb 6
654 Jan 22
3 4 Mar 6
49^4 Mar 7
Jan
954 Mai 149 Deo
Mar 118 J'ly
Sep 2984 Jan
844J'nt 114% Deo
128 May 140 Feb
21% Jan 2 21% Dec 224 Dec
82 34J'ly 1 76 Dee 76% Deo
544 Apr 16 37%J'ne 54% Apr
228 Aprl6 140 Jan 183 Dec
14 34 Marl9
64 J'ne 1 %Jau
1364J'nel7 29% Sep 564 Dec
1424Apr29 117 Oct 1314Jan
254J'nel7 114J'ne 21 Apr
184MaylO 28
69
7 34
J'ne
3
18% J'ne 31 4 Jan
344J'n 564 Deo
85 J'ne 99 Not
27
30
"i.36 133
1,820
36,775
1,500
Twine..
&
Union
734
124Jan 26% Not
57% J'ne 72 Deo
30 J'ne 37% Apr
88 34 Sep 100 Apr
5142 Mar 191 Dec
27 4 J'ne 494 Apr
604 J'ne 7*4 Feb
6 Nov 164 Feb
34 4 Dec 60 Feb
25%J*nel2
700 81 May 16 93%J'nel3
300 40 Jan 7 50 Mar21
72 4 Jan 3 84 Mar21
Do pref
Virginia-Carolina Chem..
Do pref
est' 11
134Marl5
Jan 18
Jan 21
84 Jan 28
1,500 37 Jan 21
150 92 Jan 2
4,900 15 Marl 4
100
Do
WeUs,
:
111 Jan 5160 Not
89 34 Dec 99 4 Not
54% Jan 2 100 4 May 31
54 Feb 7 11 Jan 5
33 Apr 25 39%J'ne24;
100 244 Jan 22 42 Aprl6| 28
100 74 Jan 24 84 Mar26 76
Manhattan Beach
National Biscuit
<fe
J145 Jan 8 41874 Mayl 3,
83% Jan 21 130 J'nel7.
4 J'ly31
84 Apr 23|
20 J'ly24 35 Apr.
19 Jan 21 35 J'neU
67 Jan 19 89 J'Jy 2
24 4 Mar 9 354J'nel7i
85 Apr 10 91 4 Jan 8
2169 Jan 12 5205 Mar26
30 May 9 41%Marl5,
674 Mar 4 77 34 Mar22
5 4 Jan 24 304J'ly 9
31 Jan 24 66 J'ly 9
25 J'lyl5 324J'ly 3
84 34Aug 7 89 J'ly 8
44 Feb 4 8 J'ne2()
22% May 3 30 J'ne25
39 34 May 9 69 Apr 20
88 Feb 26 104%J'ne20
26 Marl9 49 4 J'ne 8,
73 Apr 17 90 J'neU
129% Aug 6 153 J'ne 3'
130 J'ly 19
1174 Jan
100 Apr 13
494 Jan
144 J'ne 8
99 M ay
150 J'ly 12
137 Jan
500
(St. Louis).
Standard Rope
,80(1
400
pref
89
90% 91%
59 4 59%
92
May
-r
24 4 Deo
4 J'ne 65
30'S,
.'{
r'nel7
52 4
8»8 J'ne
8%
5l
4 Deo
21
84
31
3,200
Pump..
United States Express...
12% 13% United States Leather....
80
80
Do pref
-174 18 United States Rubber
•55
56
Do pref
414 42% United States Steel
81
9
21
1'ne
>._
48 3
6%
5 I'lJ'li.'jn
hh .Marl 2
36% J'ne
8% D'O
044 Deo
i\..rn.
J'ly24 .53% J'ne _•:,
J'lyl2 !01%J'nel9 64
120
3,110 183 4. J an 10 269 .rue 2
1,710 45 l''ebl6 65 Mav 2j 44
510 93% Mar 5 107 Aug 5 92
73
28
6%
60
39
"60*6
400
500
19
74
28% 29
May
65% Jan
1,300
39
40
16
m ay
r,
1
4
70 Mar22
37 May 9
100 175 Jan 18
155
8 34 Jan 19
2,075 41 34 Jan 21
110 Marl9
900 14 Jan 18
1684 Feb 16
12,000 187 Jan 18
4,500 38% Jan 4
934 Jan 2
440 140% J'ly22
<fe
Consolidated Gas (N. Y.).
s Continental Tobacco
Do pref
95
101
18
42
101
J'ne 5
Aug H
794J'nel9
May 9 394AprS0|
4 Jan 3 71 J'nelO
Ian
4,900
*84 104 •84 104
8%
Do pref
4
19% 19% Republic Iron & Steel..
18% 194 19 34 19%
74
73% 74
74
74
Do pref
28 Rubber Goods Mfg
26
28% -274 30
*764 784 -764 784 764 784 764 764
Do pref
"32
33
*314 33 S loss-Sheffield St. & Iron
314 314 *314 34
"77
•78
"78
•78
81
81
81
81
Do pref
»84 104
19
•72
58
•32
160
1,750
102 North American Co., new
39
Pacific Mail
11241134 113 113%
1144 3108% 113 4
eop. Gas-L.cfc C. (Chic.)
3
3
42% Pressed Steel Car
414 42 4 4L 4 42 4 £41% 41 4 42
"84
"83
844
844 844 83
844
844
Do pref
204 4205 *203 206 *204 200 •205 208 Pullman Company
"3
*3
4 Quicksilver Mining
4
4
44 "3
44
537% 37%
61
39
904 914
33,965
100
100
7,080
2,413
19,120
425
pref
Commercial Cable
"85
"98
.My 15
MiscellnneouM.
Adams
221
66
37
75
-I
1
29
284 284 *27
Do pref
"34
*34
38 Gas & Elec. of Bergen Co.
38
2524
2504
2504252
General Electric
57
57 4 Glucose Sugar Retining..
57 4 57%
-104 107 5108 108
Do pref
21
214 International Paper
20% 21
75
75
76
76
Do pref
90% International Power
904 904 90
6% 6 'e International Silver
6% 6%
"33 4 394 *33 4 39%
Do pref
83
90
101
19
400
1
1
86
147 Apr 19 147% MarlO 186 Jan 146 Deo
97% 1 fnion Pacilic
225,170 76 May 9 133 Ma* 2 44% Jan 8 3* Deo
89
' Do
6,100 81% Jan 21 99 4 May 1
70 4 J'ne 86% Dec*
pref
21% Wabawh
16,110 11 4 Jan 3 26 J'ne 8
64 Mar 14 Dee
40%
25,325 23% Jan 4 464J'ne21
Do pref
16 Sep 27 De«
18% Wh«(;llnK<fc Lake Erie...
900 ll%Jan31 22 J'ne 4
8 .fin 134 Dec
51
800 45 May 9 6()34 Mar28 44 4--' 1> 584 Mar
Do lBtpref
30
600 24 May 9 38 Mar28 21%J'ne 33 4 Mar
Do 2(1 pref
Wisconsin Cent. v. tr. cfs.
2,500 144Jan21 26 J'nel7 10 B«f 20% Apr
Do pref. vot. tr. ctis.
384 Jan 17 49% Apr 17 30 Sep 67 Apr
<fe
7%
7,000
Jan 29
4 Jan 4
2,200
Do pref
164 164 American Woolen
80
Do pref
444 Anaconda Copper
220 Brooklyn Union Gas
*
10%
ruusw. Dock C.Imp't
"92 4 954 Colorado Fnel<& Iron...
123 132
Do pref
20
204 Col. Hock. Coal Iron.
8
I
Jllghett
pref
190
"7%
.l;ui
700 28
Twin City Rapid Transit.
lAvcent
54
Jan 29 784J'ne2fl
39 May 9
18 Jan 21
3,930 67 4 Jan 21
20,426 23 4Jiiu 8
117 Ma* 9
"125 10% Feh 16
•75
44
*214
66
117% *115
146
74 Jan 21
58
20
41
Hanr/e for J'rtviout
l>ar (1'JOOJ
1901
JflgheM
57
21
2,010
7.620
132.760
<fc
66
fnr Year
of lUO-share loU
f.mrent
4.7(1"
&
-180
66
1184 •115
146
146
30
38
Adirondack...
Fan I'nin
2194220% 321
65 4
7%
94
132
20
188
100
300
28% 29% American Car Foundry
83
834
Do pref
33% 34% American Cotton Oil
Do pref
344
80
44
220
10
a. 1*1. v. tr
iHt pref. v. tr.otfa,
3d jir<f. v. tr. ctf«
i-hlrd Avenue (N. y.)...
Tol. St. L.
W. v. tr. ctf«.
Do pref. vot. tr. ctfH.
20
*
83
18
914
"3
4
13% 124 134 12% 13% 134
79% 79
784 794 79
804 804
517
17
•174 184 "174
18% 17 4 18
58
55
55
56
"554
56
654 554 258
41
39% 40% 39% 40% 40%
434 444 40
89 % 90%
90
894 89 78 89
92 34 934
904
"58
60
59 4 *58
59% 59 % 59 4 60 4 60
12341244 "122 124 *120 123 -120
•1234
134 13%
794 81
•140
•175
Range
On hasii
Week
Shu r, I
I
\"GK
\
0/
th*
584 584 594 614 59% 61 Tenn. Coal, Iron & RR...
39
38% 38 34 •32
Texas Pacific Laud Trust
"144 154 "144 154 Union Bag & Paper
154 144 144 "144 16
*70% 74
*704 74
"704 7 4
'70% 74
"704 74
Do pref
*32
15
•154 16
*70% 74
{84
44
*84 10 4
184 19
724 74
584
02
62
*3
*
83
*85
*75
A
lo
Do
1124 111 34 1134
,174 174
17
80
42% 434
90
*123
"18
"180
218
654 654 65
*115 118 *115
"1444147
146
27%
*754 78
•754 78
180
122
22
35
94
91
197 4 *195 200
31 34
32
33%
"68
69
69
'24
28
28
"58
624
64
25
25
25
84% 85
85
"64 7
*6% 7
7
*274 29
29
27% "27
614 524
514 51
52
1004
99% 99% 99% 100
*41
"41
46
46
46
"84
874
89
87% "85
132% 134%
1334 133 135
*122
130
130 *124 130
"98 101
"98 101
101
132
131% 132 •13141324
2524
2464 2474
53% 54 4 *534 544 55
56 4
-105 108
107 107
107 107
204 20*8 20% 20%
•20
204 204 21
"75
75
75
75
75
76
•75
76
3
904
91
90
91
90
90%
4
914 924
64 64
*64 7
•334 39 %
•250 4 256
•55 4 56
•35
•83
91
*170
111
*3
7
95 4
43
175 185 "179 185
11041H 34 110%111%
30
52
424
515 215 *214 220
•94 10
•94 13
954 954 934 96
28
17%
•284 29
28%
444 44%
190
223
49
38 34
.r.
l>o
8t. J.aw. <fc
89*4 St. Louis A:
88
88
884
204 214 20%
39
38 34 404
174 174 "17%
"49
494 494
"29
294 30
20% 20%
87 34
20 34
20
•17
•75
•194 204
49
95% 974
4
*16
•76
•180
220
954
39
83 4
13241324
132
•38
98%
874
204
37%
17%
St.
65
29
13% 114%
84
40 4
122 •120
•20
22
•33
36
93
93
1
M
Sa Irt
614 6M
Do prei
534 654 Southern Pacific Co
28% 29*8 Southern voting tr.ctfs..
84 4
84
Do prof. vot. tr. ctfs.
41
42% rpexaa a- Paclfio
614
54%
20
*98
130
*123
50
6
12841284
130
101
*98
87% 884
214
37
38%
•174 17 34
20
31
185
•
98 4
28
514 51 34
99% 100% *100 101
*41
•41
46
46
85 34 85% *85
85 34
3
130=8 135% 129 4 133 34
136 l4 137 4
128
93*4
132
30
32 4
93 78
STOCKS
NEW YORK E
39 4
79
79
Do 1st prat
68
68 4
Do 2<1 pref
28 4 294 St Louis South western..
294
*3
*64
101
46
89
"41
•85
60
1
78
07 78
28
20
28
80
34
•27
51
28
•100
36*4
83
*25
38% 89%
'77
so
77 4
00 4 00 78
67
"26 4 28
28
60
60
61
53-»*
52
58%
28
28V 28%
83'
83 4 83 4
8
37 4 384
884
"120
20 1 22
"20
22
{22
•32 4 334 "33
"93 4 944 s924
-3
"3
4
4
*18
20 *
20 *
27 34 28 34
28
28%
284
83
81% 82
83
83
354 33 34 354 33 34 344 34
*90
914
91
•190 200 "190 200 "190 198 $190
32
83
31 34
32
324 314 31 34
*66
69
68
68
69
25
25
523 4 23 4 5254 254
274
62
62
•614
62 % 62?e "604 63
25
25% 25
26
254 •24
25
85
1844 844 85
84% 85
85
7
•27
4
'.i
93 4 90 4
21 %
67
61% 53
28\
83 4
38%
38%
83 4
89%
-.ITS
•18
•61
•29
•77
BO
26
58
8(1
964
4
107% 1144
38
384
87% 884
28
83
38
'130
122
20
22
83% 32 4
93 4
934 94
94% 94%
18
67
39
108
]<lf.
4 89
86%
68%
83 78
•40
TlnirHday
a nit. a
104%
•_*
37
»77
41'.,
644
294
Wednesday
Aug. 7
Tuesday
&
»aa
J
I'HirES
[Vol LXXI1I.
104
2134
25
77 34
459 34
19
•
1
Deo
Feb
Pi
•>
Dec
Jan
794 Nov
44
Jan
104% Jan
140
Deo
884 Jan
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
Banks
NEW YORK
CITY
TJnionSqlJ..
Bid
250
VariekV...
175
145
800
600
240
"Washingi'ii"
"West SiileV
Western
York's
illeli
.
BROOKLYN
JJedfordl
...
Broan
*
.
5th Avenuel 100
295
130
Manufactrs' 385
Mechanics!) 215
Mech & Tra' 270
Merchants'.. 100
Nassau
350
Nat City
300
North Sidell. 175
People's!
195
Ask
Banks
Bid
Ask
BROOKLYN
85
110
First
17th Ward!;. 125
Sprague
200
26th Ward! 140
Unionl,
140
Wallaboutlj
105
213
.
Kings Co1
650
1
300
.
Trust Cos.
N. Y.
CITY
160
Trust Co's Bid Ask
C'lR'tyB&Tr 500 575
central 'Ii'st 1925 1975
City Trust... 375
390 410
Colonial
Continental 425
Farm Lo<feTr 1475
Fifth Ave Tr 1000 1100
Guaranty Tr 670
Knick 'rb'k'r 700 725
Manhattan .. 450
Mercantile .. 950
I
I
Merchants'.. 325
Atlantic Tr.. 250 290
Metropolitan 500
Bowl'gGreen 185 J200
205
Bid and asked prices; no sales were made on this day.
5 Less Than 100 shares.
t Ex rights.
Sale at Stock Exchange or at auction this week.
s Trust Co. certificates.
Brooklvn'i
*
225
250
120
Bid
BROOKLYN
Ask 8th WardU
..
Trust Co's Bid Ask
MortonTrust 1200 1350
NYLife&Tr
N ySee&Tr
North Amer.
Real Est Xr'l
StandardTr't
TrCo
of
Am.
Union Trust
USMtg&Tr
Unit States
"Washington
.
Trust Co's
,1
BROOKLYN
1275
... Brooklyn Tr
975
00
Flatbush....
250
Franklin
350
Hamilton
375
250
70 * Kings Co
LIslL&Tr.
1350
450 500 IManufact'rs.
Nassau
1675
People's
310
Williamsb'g.
Bid
A*k
I
.
•J
I:
I
U Banks marked with a paragraph
(!))
t425
170
290
295
410
270
320
210
350
206
330
220
are State banks.
New York
Exchange— Bond
Stock
Odi
BONDS
»|
stock exchange b5>
-s-s
Wekk enoino Afo B
i'riro
.inn
l
Hid
ail Salt
J.tk i.uw
un it/
J,tit
No
Jinjit
US 8a gonial registered. 1980 U-3
U S 2s consol ooapoa
US ie oonsol small. .d 1931) W-J
y.j
.
.<(
.
l
J/il/h
i
It L91H
B 8a registered
o.r
fc 1918
B Sa oonpon
:ss reg small bonds.. 1c 1918 Q
Sa oon ratal] bonds. .fc 191 S «..!
s 4a registered
h 1907
4s oonpon
a 1907
s 4a registered
1920 3-r
1926 3.«
B 4a oonpon
1904 o.-F
Be registered
US
US
u
107»i Ids'-. 101','! .I'll, Hi
107', 106 H L07«aJ'ly'0i
10",
V
i
I
v
1004 O.F
a 5s oonpon
Foreign Government
USol Mextao s f g 5s of 1899
Mis
KIH
Ids', 109
.
108
i
lOSsj.i ,,. in
ll'J-'i J-lv'iH
1119
Li
1
1
S
"a
:
90
Apr'01
n the b usu
ices o
108
109
108
LOvUOct
102%.
103'jMar'Ol
109
Louisiana new consol 4s.. Ill 14
Small
Missouri funding.. ..1894 1996
North Carolina oonsol 4s. 1910
small
6s
1919
So arolina 4 H2S 20-40
1 933
Tenn new settlement 8s.. 1918
Small
Virginia fund debt 2-38...1991
Registered
Us deferred certfs
i'0'7""
H
lu
108
X.
109H
'00
102
103H
.
120 J'ly'Ol
LOBHaAng'Ol
',
io'o^
11(9 Hi
Feb '99
105
Feb '01
128
126
100 H; 109
105
108
109
130Si
i35'"i30H
Mar'00
'96" '''">
90 Aug'01
96 Feb '01
96
96
J
94 4 Aug'01 20 93 Hj
j'iv'Ol
iiitii-j
120
i
97^
9ti
'ft't'seia
"fig Sale
7Hi
io\
l(i
7Hi
W
8usq Bee Del* Hud
Allegheny Valley Bee reuu UK
Albany
A.
,
i.l
I
A1995 Nov
Nov
ai995 Nov
Registered
7il995
Stamped
Equip tr series
Clllc A- St
.1
A
190V J-J
LonlS 1st 68..1916
Nor 1st g 5s. .1940 J-D
Atl Knox Ac
Atlanta <fe Danv
Atlanta A- Yadk
g
5s...
98
97
lOS-^Sale
97
"9*4'^
Sale
97
May'01
94 Hi £06
105
95 >2 Sale
95 Hi
9578
95HtMar'01
103 l4 Sale
102 s8 103^
102 J'ly'Ol
104 H2 104 °b
W194S <4-J
Subs to com- deb 4s
1911
1' J un A- .M DlV 1 st g 3 %sl925 M-N
pi 925
Southw Jnv lstg3H28...1925
Registered
Ji 1 925
Monou Riv 1st gu g 5s. .1919
Ctu Ohio R 1st c g4%S..19S0
a
Bellev
96 3
90
May'01
108
/tl925 y-j
?<194s A-O
Registered
BeeSYCAK
i
88
89 Hi
*88H.
97»4
95
95 Hi 95 Ha
99 105
101Hj104
lOOHiHO
J'ly'Ol
87 Hi 91^4
<4-E
J-J
y-j
FA
M-S
89 a* Sale
89
89
190
b
Erie
108H.
BunaloR&Pgen g 58... 1937 M-S
Debenture lis
1947 J-J
All <fc "West Istg4sgu..l99s A-O
118
&
CI
Mali Istgug5s....l943 J-J
Roch<fe Pitts 1st, g 08. ..1921 F-A
Consol 1st g Gs
1922 J-D
Buffalo & Southwest See Eric
Bultalo & Susqulst g 5s. .1913 A-O
&
J-D
A-O
Registered
1 934 A-O
A-O
at gu 5s. 92
M & St M 1st gu g 78 1927 J-D
190s J-J
t'anada South 1st 5s
Con
1st
<fe
Apr '97
100
Nov'99
CKIF4KW1
1
106
110
1 06
J'ne'01
130
May'01
129
110
Sale
...
|105i2l09
3
107HilU
1
100
Carb
Cen Branch U
HK&ll
UK
1st pret income g Sa
2d prof income g os
3d pref in ci line g 5s
Mac
A-
Nor Div
Am
Dock
&>
Imp gu
91
Sale
91
1945 F-A
1945 M-N
1945 M-N
101
101
l20HiMar'01
106
pi945 Oct
yd945 Oct
78
28
106
90
78
29
J>1945 Oct
1st g 5s. 1940 J-J
J-J
General gold 5s
Registered
91
101 H; Sale
Ga& Atl DiV 5s. ...194"
Mobile Dlv lstg58
1946
Cent of N J 1st consol 7s.. 1902
Mid
198
Sale
78 H;
29
18
16
ris..l921
4
108
J-J
M-N
J-J
130
j-j
111
120H;
97 '4 108 34
7KH
60
20
S3
15Hi J'ly'Ol
8
21
3HH
Chic<fePWlstg58
Met Ry Co
col tr
A-O
Oct '00
',
130
J'ly'Ol
lot''.!
Vi9h
J'ly'Ol
J'ly'Ol
108
127
137',.
127
112
137
no 3
J-J
112
F-A
Ri gistered
194::
*
No price
5a.
107
107
Aug'01
115
110
114
Jan'99|.... h
J'ne'01 .... Ill
101
May'01
M-N
M
—
lOOHiSah92 Sale
1
....'
110H:
115
1
100%
98
.i
j
J
j
J
J
J
3
.1
J
.1
J
J
I)
J
l)
Q F
J-D
J-D
D
1st 4a.
A-O
M-N
M-N
IMiH-i
F-'l
loo
103
MS
1905
1905
4
con Os ..1930
109
II8I4
103
96
90
.
J-D
122 Hi 124
120% J'ly'Ol
Deo '00
122 H; J'ly'Ol
M6%
Friday; latest bid and asked this week,
a
20 117
Hi
122%
118'4l-'-;
.
.
Due Jan
L
SI
107
.....
99
99 ',
102 '4
.
90
91
UO'hll
1
J
4
IO0V 109%
104»«
Apr'00
102
J'ly'Ol
'i
109 4
121'«.
Ill 1*
109=>4
135
121H2123
137 J'ne'01
122>4 Aug'01
115 Aug'00
120 J'ly'Ol
121
112
119H:.
121
109
'.|
.
Aug'01
122
109
Apr'01
180
May'03
Jan
110
115'fl...
HOHJ'Iv'o)
IIOH4IH
moKiis^
118
118
118 34 Mav'0l
113 4 ....
115"H 117H: UOH!
:,
111 1,
130' 4
12034
107 8
128>4,
115
136% 140
127
.112% 125
J lie 120%
10
100%114%
113
117
180
192 Hi
....
....
...
...
ISO
191
llo
114Hj
116% 121
122%
26 118
11 OH;
111 4
111 4
137HiJ'lv'99
120 Hi Apr'01
12.-M4
1SS
117% 119
108 110%
lsr,i 4
114% 119%
!
1
2
1
Hi
139%
L04%
104%
108%
J'iv'Ol
Mar'00
Apr'01
Nov'98
110
103
110
117Hi
113
110% 120
116 119%
108 1* J'ly'Ol
io7
120Hi
IMM4 HOHi
:i
MM 3
119
122
lll 34ll0'4
!,
l-Mi'-j
...110
190
114Hill5%
May'01
1SS Apr'01
lis J'ne'01
113H?
107 34
MIS J'ly'Ol
llS^H? 116 J'ly'Ol
113
112*4
113
116*8
lMi> B J'ly'Ol
114HU18H 110 J'iv'Ol
11S^4
1'JlHiMar'Ol
135HI142H) 111 J'ly'Ol
104 i ...
105 J'ly'Ol
'
ssi...
1
117H
3
2%
190 '4
121
115
'01
J'ly'Ol
115»4J'ue'0J
110 J'ly'Ol
105 Hj Feb '98
11
112
172 >e Apr'00
190
ISO
122
142 'j
108
10S
112
lOOHillOHi
113%110 34
Lb8%ii6%
107% 107%
110%
108% 108%
10s
117%
116
117 4 Feb'98
.117
122 123 \ 122 Hi J'ly'Ol
123 May'01
:!
Jan
113
111
21
122
125
123
113
111
111
i
'01
J'ne'01
111% J'ne'01
i:;i;'m...
120%Nov'00
136% MiiiV
124
Hi ...
127
140
:i
1
ID
'1
...
H;
h
104H
1
.
7
1
13% 143%
:>;
113 Apr'01
128 Aug'01
126%J*ly'01
...113
1261s.-..
1O6Hj107
loo ....
106%
106%
45
J'ly'Ol
99%
Fclrol
si;i 4
Aug'00
07
Dec '00
Ill
l'.'7's....
107
HI"
111%
112
D 138% 140
!22%Au|
Lo3%J'iy"'oi
106
14.;
I7%107%
107%!
....
....
uii'-i 102'
J
I35%141%
23% 127%
L43»4 Apr'01
i:i'.i-'.i
140
L88H1
113
lll'4lll'4
J'ly'Ol
122%
lstgiis 1918
'4
M(H%112%
:
117
Hi
100% 100%
141
J'ne'01
122
109
.
IIOI4H16 109
J'ly'Ol
Hi
Hi
114 114
104 Hi 107
Aiir'Ol
110H J'ly'Ol
109
109 h
100% J'ne'01
102
'4
101 34l04'«
06 <e J'ly'Ol
194
.
10)
02 Aj J'ly'Ol
'-j
'
87 «
100 '4 102 Hi
1
109 hi Sale
93 '»
'4
.
100 "a Apr'01
114
115'h
105 V
94
loo-v J'ly'Ol
1
,
84
'4
1
03 >s 106*«
118
...
127>4 Mil
..
126%132%
Hi
106%110
105% 108
99% 99%
"i fi."6%ii2%
.
134
142
llO'-j
on Next Pn«e.
,
El Kyist By
I,
30-yrg5s.l926
F-.\
con v 6e.. 1919
J-.i
i
21%123%
:,
-i
'122^' 126"
llllj,
lsl
1
02
-.
our 5s. 1928 M-N
Gas and Electric I/iglit
\tlanta G L Co 1st g 5s. .10 17
lios U Gas tr ctfa a
g 5s. 93
e
1
10
1
11
'-j
Apr'ol
J an '01
...
llo
....
Ill
Hill'-' Hi
123
V
1
Gas
1st
3
l02%J'ly'0]
109 Hj Deo "99
99*'
40-year consol gold 5s. ..1930 U N
Bklyn
d Due Apr
5a. 193
'".'.
ia
W Chic St40-yr
Mar'98
HS^
10 1IHI« B 102H»
93'gJ'ue'Ol
84 "i
ioTii
103
99
J'ly'OJ
Street Railway
Met St Ry— Continued)
Lex Ay it p F 1 a1 gn g 6a 1 993 M-S
ici 1!
[993 \i_s
Metw8Kl(Chio] lstg4s L9S8 F-A
.Mil
J'ne'00
lis
10a
104
1
90
121
'99
Alii •".
'4
09
1 02
103 >a J'ne'01
101'n
Sail
102
16
104
1
yiy'Oi
101
139 J'iv'Ol
L38%J'lj '01
()
& Minn
ran teed gold 5s
1937 J-J
Third Ave lsl gold 5s
1987 J-J
1st con guar 4s
2000 j-.l
Union El (Chic) 1st g 5s.. 1945 A-O
95
0]
137H
'
A-O
11,
11
99
101 hi
1161(119
Apr'01
.N-,\ 00
106«9 Mil
99
100
110
.
J-D
88H)
J
4
J
J-J
28
121
...190.-,' J
cab oon g
92
.1
107
103
iiii" Sale
113HH7
J'ly'Ol
121
F-A
i.si
91
4
M-N
Ch St P
10511
:i
J'ly'Ol
A-O
117
Ocl '00
A-O
111
A-O ibe" Bale 109
109
A-O
107% May'01
M-N iopi*!"!! 109
109
M-N
L08% Apr'01
A-O 'ii's"
117^ H7'i
Minn
1993 M-S
1 993 M-S
113H
ISO
M-N
Q-F
Dcs M 1st 58.
1923 A
CliicA St L .SVcAtchTA- Sa Fe
chic st Jj& N o Bee 111 cut
chic st L.& Pitts SMPennCo
A;
PM &
104
113H.110
F-A
F-A
Chic Rock lsl & Pac 6s. ..191 J-J
Registered
191 J-J
General gold 4s
19881 J
Registered
Miss J
Ft
Ji,ytl
Ota
I
1
MHIH 105 V
100% 26
J
3
Milw<fe Madison 1st Os.. 190", M-S
North Illinois 1st 58....1910 M-S
Oft C F & St Paul 1st 68 190! M-S
Winona & St Pet 2d 7s. 1907 M-N
Mil L S & West 1st g (is 1921 M-N
Ext & Imp s fund g 6a 929 F-A
Ashland Div 1st g 68..1925
Mich Div IstgGs
19241 J -J
Convertible deb 5s
1907 F-A
Incomes
191 l.M-N
Chic St
..
J-J
J-J
J-J
St Paul City
F-A
Bway & 7th Av 1st eg 5s 194:; J-D *120
Registered
91 ill
1
Minn Div g 5s
Extension 4s
110
J-J
g 5s. 1997 F-A
Col<k9thAvlstgu g
1st 5s
1921
Mil & No 1st
L 6s. ...1910
1st consol 6s
1913
Chic& N'west consol 7s. .1915
Gold 7s
1902
Registered
1902
Extension 4s
1886-1926
Registered
1886-1926
General gold 3 H?s
1987
Registered
«1987
Sinking
gfuud 6s.. .1879-1929
Registered
1879-1929
Sinking fund 5a... 1879-1 929
Registered
1879-1929
Debenture 5s
1909
Registered
1909
Debenture 5s
1921
Registered
1921
Sinking fund deb 5s
1983
Registered
1933
DesMo&Minn 1st 7s. .190
Keok
J'ne'99
llSHilll'i
J-J
1st gu g 6s.. 1911 J-J
1st con g 5s.. 1930 J-J
Ry 1st g 6s.. 1913 J-J
Ry Co
Market St C
Met St Ry gen
Douis
1910
1924
1910
1910
1908
1919
1910
1910
<fc
.^HSCEKLANEOUS BON 1>S—Continued
Street Railway
Brooklyn Rap Tr g 5s
1945
Atl Av Bklyn imp g 5s.. 1934
Bk City 1st con 5s. 1916, 1941
Bk Q Co As S con gu g 5s. 1941
Bklyn Un El 1st g 4-5s. 1950
Kings Co El 1st g 4s.... 1949
Nassau Elccgug4s
1951
City & S Ry Bait 1st g 5s. 1922
Den Con Tr Co 1st g 5s... 1933
Den Tram Co con g 6s.. 1910
1921 J-J
Dak& GtSog5s
Far
Sou assu g 6s
Ha8t<fe D Div let 7s
1st 5s
I& D Exten 1st 7s
DesM &
J
'.
So
J'ly'Ol
Hi
111)
J-J
J-J
J-J
J-J
Terminal gold 5s
1914 J-J
General g4s series A..«1989 J-J
Registered
el989
General g 3 His series B.U1989
Registered
«1989 j-j
Chic<fc LSuDivg5s....l921 j-j
Chic & Mo Riv Div 5s... 1920 j-j
Chic & Pac Div 6s
1910 j-j
lst2HiS
Dec '99
129 '4
I
103 Hi
96
119
Aug'01
KM
129
95
91
100
Oct '00
95
102
100
/U987 y-J
.
;l
s
Jtljjlt
Paul—
1
1st g4s... 19 Is J -Li
Central Ohio See Ralti A; Ohio
of Ga col g 5s 1937 M-N
Cen
Cent oi lia
1st g 5s.. yd 945 F-A
1'
Registered
Consol gold 5s
Registered
130 '4
131
104Hil08i4
110
107
107
4
119H!l27H
« 106 Hr J'ly'Ol
& Shawn See ill Cent
Carolina Cent See Seab & Roan
Carthage & Ad See NYCdbfi
Ced R la V & N See B C R & N
118 3
115
105> 8 105's
123
123
117 Ncv'00
113 H* Dec '00
....
Sale
1
1913 M-S
1913 M-S
'2d 5s
Registered
H1.V4
123
J'ly'Ol
103
131
...
129»2 129
1913 A-O
No 1st 58.1906
col trust g 6s.. 1934
Bur Cedar R
125 14
120
118 34 118^4
St
<fc
l8t7s£goldRD
1902
lstCA M7s
1903
Chic Mil & St P con 7s. .1905
"Wiscfc
See Erie
Registered
1913 M-N
Debenture 6s
Han <fe StJos consol (is.. 191 M-S
ChiO & K 111 1st 8 f euros. 1907 J-D
Small
1907 J-D
1934 A-O
1 8t consol g Os
General consol 1st 5s
1937 M-N
Registered
1937 M-N
'hie <fc Ind C Ry 1st 5s. 1930 J-J
Chicago <fe Erie See Erie
Chic In A; Louisv ref 6s. ..1947 J-J
te funding gold 5s
1947 J-J
Louisv N A &Ch 1st Os.1910 J-J
Mineral Point Div 5s
So Minn Div 1st 6s
Southwest Div 1st Os
1
NY&
MS
MS
LaCrosse&D
88°8 92
90Hi 91
9()HiJ'ne'01
111 Muv'lHi
111 J'ne'99
Boone Bridge See .Mo K & T
Bklyn it Montauk See Long
Bruus & West See Sav Fl <fe \Y
Bul'alo
•
n
108
108
Bee Illinois Cem
Car
I
MA St P 1st 78*gRD.1902
MS
Austin & N
Creek & S See Mich Cent
Bat
alt <fc Ohio prior lg3H2S. 1925 J-J
Beech Creek
101
South Ry
See South Ry
See Sou Pacific
Registered
Gold 4s
Registered
v
0191 A-O
1939 M N
1939 M
itered
1992 M H
1,, in 1.1I gold 4Hi8....
1992 M B
Keglhterml
Craig Vallev 1st g 6a ...1940 J-J
B a a Dlv 1st con k 4s„ 1989 J-J
1989 J-J
Id consul g4s
WarmSpr \'ai 1st g 6s. .1941 M B
Ellr. Lex A it 8 gu gBs..l902 M b
lue A Alt RR s fund 68..1903 M K
1949 A-O
Hcliiiidlngg 38
1949 A-O
Registered
A-O
V S Trust Co receipts
Miss Riv B 1st sf g BS..1912 A-O
Jtailuay 1st lien 3 H*... 1960 J-J
1950 J-J
Registered
hlc itiir A Q consol 7s. ..1903 J-J
A-O
1 901
Sinking fund 5s
ChlcA tows Hiv 68
1906 FA
F-A
1922
Div
Denver
4s
1949 J-J
Illinois Div 3Hi»
1949 J-J
Registered.
[Owa lnv sink fund 5s.. 1919 A O
Sinkiiigfiind Is
1919 \ O
Nebraska Extension 48.1927 M-N
1927 M-N
Registered
1921
Southwestern Div 4s
1903
Convertible 5s
Chic Milwaukee
t
8
105
102 104
3
66 80 4 99
94
98
J'ly'Ol
90
96
94
101
95
103^ 205
103
103
Sale
4
97 \i
tie*
W
.1
106
104
104'.
1
97
1996 A-O
Registered
Adjustment g 4s
J
<
a. \s
at
He* Jimi r A P
Dock A- in .See Cent
N
Ann Arbor let g 4s
M99C G.-J
Atch T A; S Fe gen g 4s... 1996 A-O
Allee
Am
1
1
Itnili'ond
Cent SM So By
laba Midi Bet Sav Fia a
—
.\i
-
97 '4
B6
108
Aug'98
107 U.
I
1117f
113H
110
109
.,
are pr
12
1
137Hi 139
1
Currency funding 4s
Distuf Columbia 3 05s. ...1924
Alabama
s<
i^
ye
•
1986
k 7n
A..ftl90fl
1st
6a
».;
ii
Gold 6s
112
.
\\:v113»s 113
138 139 J'lv'lil
13ii' 8
137
L88
107*4 los
110 Jlin'IM
107 3* 108',i lOOHiJ'ly'Ol
Small
1906
1906
1920
into
Ask l.UW
J: at,
? 7
t,r
>(i!f
(/
1920 J -J
1912 M N
yl'.MO
I'.u
1
Jiilliyi-
'
118
137
137
hese
.1,111
Hid
Coal 6s.
it
gua
'ifSu
11.
,
J ,t.la./
,
(Cunt
a Sai
1
1,
'
1st oonsol g Sa
111.".
Class 115s
class C 4s
;u
A
Mis',
Q-
1900 j-j
clash A 4 to 5
at
II
8
m
,
r.i,
IV,
I
\,
1
.
.
1
,,11
l
108
1
1
.1
1,
108 >4 109
s Tl M
utral ,.f s
11 mi it
1.,
.v
Wllka
.
Suite Securities
Alabama
V
'j
i
yj
v
,
L93U
s 2s consol ooup small.
ic
u
rt-?;
V
111
r\«-i M
l«t(SI(-
Government
s.
17.
w
Range
i
Mm
t.-S
Friday
l.
N. Y.
Weekly and Yearly
Record, Friday,
r\ i\»
-
a
105
M
1
1
oon g 5s. 1915
m
Due May j/DueJ'ne ADueJ'ly
/.Due Aug
r
s
119 Hi
15
option sale
Bond KeCOrd— Continued— Page
27b
BONDS
•u
Clue
1
si
m
i'
.
(Continued)
i)
.v
Nor Wisconsin
8s... 1030
Ls1 r 6s.. .1019
P a s Cltj
si
1
\
Ending
i.
1
1
hi
A-n
<
1 <
i
.
.
128bl31
J
M
94b
107% J'ly '01
lis
I
94
1
1
.1
I
sac SmCCC si
<'in
A Mith
Clearfield
COCA-
1
CCC&
O Ind&'W
1
in
1
loT'i
1
1
9*4
'.>'.!
Jan '00
Dec '00
16
13
99% 102b
J.)
J-J
102k
M-N
M-N
103
J-J
N
Q
M
i
J.
Peo <t
Income 4s
CI Lor & YVhcon
J'lv '01
113
'01
nl
102
IO.'v'h
99
Miiv'99
J'ne'01
100
100
Gray's Pt
00
OS',
99
lop,
130
J'ly'01
133
07%
Sale
Sale
66
08
66
Sep '00
66
111
95
45b
80
81
87
Sale
78
77
83
J'ly'01
87 b
12034 Apr'01
120k.
136%.
flf<
134"
12034
]23b
I36bl40
101>..104b
138 b
140
136
139
138 b
18684
140 Oct '98
133 b Ply'O]
109
Term & improve4s
1923 M-N
SvrBing&N Y st 7s. .19011 A-O 317% 119
145
Hud
1st
Pa
19)
Div
7s.
7
MS
A
Registered
191 M-S
Alb A Sub 1st con gn 7s. 190(1 A-O 115%...
iii%ii2%
L33bl36b
119b J'ly'01
USbHO
117% Mav'Ol
147b May'01
U7'8 117'e
149
116
122
140
116
149
io2k™
J-J
J-J
103 b 3 02
109
111
J-I)
Ill
112
J'ne'01
J'ly'01
111
Feh'01
102
1-.
I.". 1.,
147 b
150
117
lllbHlb
112
ll'2i
l;-)034
153b
151
21 100
108
151
104 b
111
107
112
108 34
1H
102
102
CR&IP
W
Des M <fc Minn See Ch & N
Des Moi Un By 1st g 5s.. 1917 M-N
Det M <& Tol See L S <fe M So
Det & Mack 1st lien g 4s. 1995 J-D 100
1995 J-D
102
91
93
Range lst5s.. 1937 A-O 115k
Iron
1937 A O
1916 J-J
2d 6s
& S Istg5s...l928 J-J
Dul Bed
Dnl So Shore & Atl g 5s. .1937 J-J
102
91
J'ly'01
J'ly'01
115k J'ly'ul
East Minn SeeStPMAM
ast Ten Va & Ga See So Ry
92 4 Feb '98
113bMuy'01
115
& East 1st g 5s. 1941 M-N
Eliz Lex & B San Bee C & O
Elm Cort & No .See Leh & N Y
2dextgold5s
:!
l8t consol gold 7s
1st consol g fund 7s
Erie 1st con g 4s prior. .1996 J-J
Registered
199€ J-J
1st consol gen lien g 4s.. 1996 J-J
Registered
1996
coll tr g 4s
1951
Erie lst7s.. 1916
Buft'N
1908
gold 6s
Buff & S
1908
Small
Chic <fe Erie 1st gold 5s. .1982
Jeff BR lstgu g5s....al909
Long Dock consol g 6s. .1935
Coal&RR 1st cur gu 68.1922
Dock <fc Imp 1st cur 6s.. 1 913
Y & Green L gu g 5s. 1946
1946
Small
Penn
107
1928 J-D
1920 M-S
1920 M-S
Y&
W
X
....142
99
'
Sale
85 k Sale
J'lv'01
142bJ'lV01
135kMay'01
99
9834
93 k May '99
86
85k
J-J
93
93 b
93b.
,136b 136bApr*01
F-A
J-D
J-J
J-J
M-N
A-O
A-O
M-N
123
108
137
122b.
1
05 b
138
Ill
J-J
.
.119
118^
2d gold 4bs
193
1940
General gold 5s
Terminal 1st gold 5s ... 1 943
Regis $5,000 each. ..1943
Wilk<& Ea3stgug5s.3942
Erie <fc Pitts See Penn Co
Eureka Springs 1st g 6s. .1933
.118b 115
J-J
F-A
F-A
105
94 Feb'01
105
105
115bJ'ne'01
.
M-N 115k
M-N
J-D
110
Sale
F-A
1st consol 6s. ..1921 J-J *123
1942 A-O *107bH0
1st general gold 5s
Mt Vernon 1st gold 6s. .1923 A-O
Sull Co Branch 1st g 5s. 1930 A-O
Ev&TH
J'ly'O]
110
110
65
123
108
Nov'97
KC
20
103b 109b
104%100 34
115bH5b
105
J'ne'01
105
107
Int& GreatNorlstg0s..l9]9
124% 120 124%J'lv'01
100 101b 101 J'lv'01
124
96
65
126^
101b
11
(5
i"07bib'7b
1
1951
IO434
105
98
1
90
23
i.02""i06"
100b 103
May'99
90k Apr'01
100
•
iiib!
91
90
Lb2"ib2%
102% Apr '01
101%Oet '09
1013.4
106
104
J'ly'01
Jan '99
J'ne'01
Jan '00
100b J'ly'01
128b
127
Xov'OO
113% J'ly'01
113
115b
124
00
May'01
Nov'98
124
3
127
J'lv'01
120
129 b
LOOkNov'OO
'.'-'.'.'.'.
107' 4 Jan'01
ib"
24
123% 123%
123%FeV01
....'.'. i'o:
1
107k 107k
102%Nov*00
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s. .1938
Jefferson RR See Erie
A <fe G R See L S & M S
Kal
an & Midi See Tol & O C
K C & R <& B 1st gu g 58 929 A-O
M
Kan C & Pacific
Kan City Sou 1st
75
115 b Sale
<fe
Wist g 5s.. 1037
1st
gu g
5s.
.
118bl22
118b
110b
1941
1 945
LSho&MichS SesNYt'cut
Lehigh Val (Pa)
coll
g
11(1
5.
.1007
1 09 7
N Y lstgu g4bs. 1940
Registered
106
137
19
L17b
1st 5s
111
94
12 100
J'lv'01
J'ly'O]
118
94
123
107
1st g 5s
KV&RB
NorShB 1st con
Gold 5s
1037
1940
1940
1931
121
109
109
"95"i00"
121
J'ly'01
123
101 305
102 k 105
L01% J'ly'01
100
105
100
100
99
100
107b
99k
J'ne'01
Oct '00
99>4
95
Feb'01
1
105
US
118%
118
114
101bl0134
10134
113
100 b 101
il3b""!
Lexgold4bs...l931
1st gold 6S....1930
129k
109bHO
09 io J'ne'01
107
100%
106
116
103
130
101
95
97
95
120 b
1
H&
N04M
108k 111%
109b 111
Mar'01
06 b J'ne'01
19] r
035
1 027
LCin&
llObHOb
ibiisSep'99
Unified gold 4s
Registered
Coll trust gold 5s
Coll trust 5-20 g4s. 1903 191 s
Cecilian Branch 7s
190
Nash 1st g 'Is. ...1919
E
126
111
124%
119b
115b
Ok J'lv'01
112 J'ly'00
109 '..Oct '99
109 J'ne'01
ggu5sol932
107blllb
117
110
J'ly'01
110 b May'01
97
107k Louisv & Nashv gen g 6s. 1930
115bH5b
11834
Sb J'lv'01
ft.1931
NVB4MB 1st con g 5s
115bll8 58
72 b
67
19% J'lv'01
110
III
1938
Ferry goldlbs
1022
Gold 4s
1032
Unified gold 4s
1040
Debenture gold 5s
1984
Bklyn& Mont lstg6s..]011
118bl21
1
11
II
1
1st consol gold 4s
General gold 4s
123
108
140
75
115k 118
115b
0834 J-.]y -01
63 '4 Oct '00
69
68
1950
2d gold 5s
Leh Val
115b
Mav'Ol
1
M
KAT
See
gold 3s.. 1950
Registered
Lake Erie
107
104b.
N
Jan '99
May'OO
Dec MO
118%
112
111
3
20%
114b
99% 104k
J'ly'01
101 34
110b
J'ly'01
13 434
100%
99
102
Apr'01
116
116
Dec '00
Jan
'98
J'ly'01
ISO" 130%
J'3y'03
108k 135b
on Next Paste.
Electric Light
,114
134
1948
J-J
100b 100
J'ly'O]
106
Aug'01
94
102
103
106
EdEIil i'eeNY'G&ELHocP
Elec Berg Co eg os. 1949
1922
Gen Elec Co deb g 5s
GrRapGLCo 1st g 5s. ..1915
Mo Gas Co 1st g 5s. ..1922
Kings Co El L & P g 5s. ..1937
199"
Purchase money 6s
Ed El II Bkn 1st con g4s 1939
107
1
NYGELH&Pg
5s. ..1948 J-D
Registered
J-D
1923 J-J •100
Detroit City Gas g 5s
Det Gas Co con 1st g 5s. ..1918 F-A
Gas&
10Gb
ibibibsb
Gas and
EdElIUBkn SreKCoEL&P
EqG LNYlst con g 5s. .1932 M-S
Eq G & Fuel See P G & C Co
101
105 b....
MISCELLANEOUS BONDS—Continued
Gns and Electric Light
Ch G L & C Co See P G & C Co
1932
Columbus Gas 1st g 5s
Con Gas Co See P G & C Co
107
113b.
940
Leh V Ter Ry 1st gu g 5s. 1941
120% 121
Registered
111 118
1941
12334 124
Leh V Coal Co 1st gu g 5s. 1033
Registered
107 107
1933
Y 1st guarg4s.. 1045
140 143 b Leh&
13f.i4 135b
Registered
1045
56 95 b 101k
E1C& N 1st gist pf 68.1914
Gold guar 5s
1914
86 82 k 91
Leh & Hud R See Cent of N J
Leh & Wilkesb See Cent of N J
93
06b Leroy & Caney Val See Mo P
136 b 136b Long Dock See Erie
Long Island 1st con g 5s. h 1931
M-N lis
109 Oct '98
M-N
Mid RR of N J 1st g 68.191 o A-O
.118b 115 b Mav'Ol
K Y Sus & W 1st ref 5s. 1937
97
1021
1952
Trust gold 4s
Registered
1962
gold 4s.... lo:,::
1053
Registered
Cairo Bridge gold 4s
1950
Registered
1950
LouisvilleDivgold3bs. 1953
Registered
1963
Midland Div reg 5s
1021
St Louis Div gold 3s. ...1951
Registered
1951
Gold 3bs
1051
Registered
1951
Spring Div 1st g 3bs... 1951
Registered
1 95
Western Lines 1st g 4s.. 1951
Registered
1 15
Bellev<feCar 1st 6s
1923
Carb&Shaw 1st g 4s... 1032
Chic St L <fc N O g 5s. 1 95
Registered
1051
Gold3bs
1951
Registered
1961
Memph Div 1st g4s... 951
Registered
1051
St L Sou 1st gu g48....1931
Ind Dec & Wist g 5s
1035
1st guar gold 5s
1035
•
19.",
115
llSbHOb
J'ly'01
J'ne'01
J'ne'01
118b
98 b
LNOATex
1
Registered 5s
121
M-N
118b Jan '01
1919 M-S 117 122 12()78 Apr'01
1923 M-S lllbllO HI J'ly'01
1920 A-O 117 123b 123 4Mai'(ll
97
'
112
U2bH2b
112bApr'01
...1947
Dec '08
iodb!"!! 104% May'01
196]
1951
3bs
North Ohio
Elgin Jol
3d ext gold 4bs
4th ext gold 5s
6th ext gold 4s
t
9134 Kansas Mid See St L & S F
115k Kentucky Cent See L & N
Keok & Des Mo See C R I & P
Knoxville & Ohio See so By
of
Erie 1st ext gold 4s
106
1 009
1099
85
110
Registered
W
106
.'
1
101b
92
103
1
. .
1
J'ne'01
J'ne'99
I lib J'lv'01
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151 Jan '01
M-N
M-N
115
140b
67
101
!
103io Oct '00
]
Gold 4s
.
Registered
J'lv'OJ
38
Muy'Ol
Coll
73
87b
87b
101
104
1st gold
89
70blll
86
5b Apr 01
13bMar'00
107 b Apr '01
102 b Apr '98
100
101% Mav'Ol
1
Del
Dul&
g4 bs
a-
1
H V 1st ext K 4s.. 19 -Is
Tloust E & \v Tex Bee So Pac
so Pac !o
138b Houst A Tex Cen
129bl30^
81
80
82
87
FA
A-O
A-O
A-O
consol
1
1st gold 3s sterling
129bMay'01
Aug'Ol
97 '„ Sale
Col<fc
N&W
Registered
1906
Guar goldOs
1908
Registered
1906
Bens & Saratoga 1st 78.192]
Registered
1921
Del Riv RR Bridge See Pa RR
Denv A R Gr 1st con g 4s. 1930
Consol gold4bs
1936
Improvement gold 5s. ..1928
Bio Gr So gu See Rio Gr So
Des Moi & Ft D See
st
1
NYN
Registered
127
.Mai 'OS
104
on Co
Bet P<
Registered
97%
109
105
87
08b Xov'OO
99 b Jan '00
Illinois Central 1st g4s..]0.",l
7s
N
Ind
Registered
138
Pas Rivs 1st g 48.1943 A-O
W
A
ousatonie. See
Dak<fcGtSo See CM & at V
alias A Waco See M K & T
1871-1001 A-O
1st consol guar 7s
1915 J-D
Registered
1915 J-D
YLackA 1st 6s.. .192] J-J
Construction 5s
1923
104
Term See St LS \N
Nor—C B&Qcoll ti Is ]02l
St
Han& Jo See C B A <i
113% 116b
ol
Bop 00
'i "ili.
108%
108
T
Hock Val
15 b May'01
loo
A
Ga Car
Grand Rap
100
106
January I
loo
lit
104
....
plg6s...l946
]Ht
Apr
.V]
\o
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100
Ply '01
133
104
r,
Jan
L
140
Lsl
103
131b ISlbJ'lj
132
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L882
99
L02
lo.V.,
lln/li
os
I
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5,o
.
W
115
Sale
P
1-1 g
1st consol 5s
ol945
No 1st gn g_6s..l 029
Georgia Pacific 8«eSo Rj
Oils \ G<fe Nor See So P
flouv & Oswepat S««NYCenl
101
104bJ')y'0l
,
1938 Q-J
Registered
Clev & Pitts See Penn Co
Col Midland 1st g 3-4s....l!>47 J-J
1st gold 4s
IdlT J-J
Colorado A; Son 1st g Is... 1920 FA
Colum & Greenv See So Rv
Col & Hock Val See Hoc* Val
Del Lack & Western 7S...1907 M-S
Morris & Essex 1st 7s... 1914 M-N
j.
Pen
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'>
A Hi: Low
11
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Is
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See&o PscCo
Nov'99
115
1990 Apr
Sec
Pi
J'ly'01
103
103
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st
108
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iday
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loo
100
102
114
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Clev<fc Mahon Val g 5s.. .1938 J-J
& Term
....
...
«
,
a ug.
See Pere Mar
61 ..1918
Ht land nr ext gold 5s. 1930
Consol (,'old 5h
19 18
'1 I) Co 1st K lbs. 1041
Kt
Den C 1st g 61 ..1921
lint
Ga&
J-H
MS
no
I
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|;
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K
1
j
Bid
Ev«fc
02
-i
1
1
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Urelc'l
Price
\<|IA.\(1K
I
High
132
1117
\\
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1st pi 6s...rtl938 Q-J
East 1st con 4s.. .1940 A-O
&
to
l.
WW
Conn
I
1
Bee B
Ligeneralg4s..l993
Cairo Div 1st gold Is... 1939
Cin \V A- M Div lsl g4s. 1993
81 L DlV 1st col tr g 4s. .1990
Registered
1990
8pr«fcCol Div 1st g 48. .1940
1st
Val Div
g 4s. ..1940
C I st DA consol 88..1920
1st gold 4s
fcl93(
Registered
fcl936
Cm s A 01 eon 1st g 6s. .1928
I consol 7s
1914
Consol sink fund 7s
1014
General consol sold 6s. 1 934
Registered
1934
si
Col Conn
Oci
114
112
l.niK
J'h •ill
18
100
108
f
l
Kih
Iv'ol
107%
:
I
ii
Mar'0]
BTOCK
N. Y.
I
Low
93
BONDH
Bang*
or |S-;
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BQ v.
Sale
iate
January
J. ast
'.i
Mo
.1
.
day
nil.
.1
i
i_-
1
1
i
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r.
J
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Chicago Ter Trans : i< ..1947
wcsi 1st BfgSa
M-N
M
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gl932 Q
Be
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gen g ;>s ...ol919 .I-.I
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':;.
2d gold 4 las
J
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si i, a C
See OCC«S si i,
CJiic.v
WmU
l'rice
stuck KXCII
H, V
[Vol. LXXIII.
2
119
J-D
J-D
FA
118bMar'01
118bll8b
101
301
155
J'ne'01
185% Apr'01
107 34 Dec '00
102b
185b
A-O
A-O
,114b
A-O 125
126k J'ne'01
J-J
96% Dec '00
LacGasLofStLlstg5s.el919 Q-F i'07%
Mnt Fuel Gas Co -See Peop Gas
•No price Friday; latest bid and asked this
109
week,
J'ly '01
a
Due Jan
124b 326k
307
110
d Due Apr
Purchase money g 4s. ..1919
Ed El 111 lstconv g 58.. 1910
1995
3st consol gold 5s
NY'&QEl L&P 1st con g5s!930
P
E
Paterson &
G <fc g 5s. 1949
Peo Gas <fc C 1st gu g 6s. .1904
2d guar gold 6s
1904
1943
1st con gold 6s
1017
Refunding gold 5s
ChG-L&Ckelstgug5s 1037
Con G Coot Chlstgug5s .'3i;
Eq G<fc F Ch 1st gn g 68.1905
Mu Fuel Gas lstgu g 5s. 1047
Trenton G <fe El 1st g 5s.. 1949
Utica E L & P 1st s f g 5s. 1 050
Western Gas Co col tr g 5s 1933
e
Due May h Due
J'ly
F-A
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M-S
109
J-J
119b
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J-J
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J-D
107
103
J-J
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4
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2
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121
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1
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120
126
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111
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102
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109
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109
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1901.
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and refund gold is.. 1949 MS
Minn A- st l. go Bee is C i: a \
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MS8M a \ Latg41ntgu 1926 J-J
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st
Minn In See st P M AM
Mo Kan A Tex 1st g4s... 1990
J
-
150
126
i"84>9
120
120 V
103
I
1
7
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MT'.l
1
119 J'nc'01
123 V Apr '01
122 V Feb '01
117 May'01
104V
IT
1
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1st
Dal A Wa
go g 5s.. .1940 M-N
1st lexl gold 5a
(J
1906
1920
1st consol gold 0s
os
stamped.
gold
al91
Trust
aioi
Registered
1020
1st Coll gold 5s
1920
Registered
LerovA
Lists 5s 1926
Pac K of Mo 1st ex g 48.1938
2d extended gold 08.. .1938
St 1, [ill a Sgen con g 681931
Gen con stamp gtd g5s 1981
Unified A ret gold 4s. .1929
Missouri Paeitie ;ld7s
OVA
1921
1st g 58.1926
Yer.li V l a
Miss Riv Bridge SeeChidfc Alt
Mob A Binn prior lien g 5s 1945
194S
Mortgage u..l.l 4s
Mob Jack A EC 1st g 5s.l94t;
Moli .t Ohio new gold 68..1927
M-N
M-N
M
Mohawk A Mai
K-A
FA
J-J
FA
1
104V
97
N
106
go g
See
Is.. ..1981
N YCA H
(
MOM M
os
or,'
00%
80
81
76
ST
97
106
(is.
& Shef See L A N
New H A
see N Y N H A H
X J June RR See N Y Cent
New & Cm Bilge See PennCo
no A x R prior lien g6s»1915
N Y Bkln in Man Beh See L 1
N YCent<fc H R Ist7s...l903
HOVJ'iy'Ol
llS'-jliri
12'-,J4
107
102
Sale
Sale
J'ne'Ol
12134
122 3
106V
107
V 104 V 107
"104
92
114
V sale
4
J'ly'01
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1903
Gold mortgage 3 Vs
100
Registered
199
Debenture 5s of... 18X4- lot
Registered
1884-1904
Regisl deb 5s of.. .1889-1904
Debenture g 4s.. ..1890-1905
1800-100.-,
Registered
Debt certs ext g4s
1905
Registered
1906
Lake shore coll g 3 Vs. .. 99s
loos
Registered
Mich Cent coll g 3 Vs.... 199s
Registered
Beech Creek 1st go g4s. 1986
Registered
1936
2d gu gold 5s
1936
(art A Ad 1st gu g 4s... 1981
Clearfield Bitum Coal Corp—
lstsf intgu g4sser A 1940
1
100 May'01
107 J'ne'Ol
115 J'ne'Ol
110
116V
110 V J'ne'Ol
92 V
92 V
114%] L6%
127 VI 32
121
130
2397
a I 5S..1926
Met
T 1st .si g5a
1918
M ut Un Tel Co See Westn U 11
N Y A N J Tel gen a 5s. .1920
Ko Westn Teleg See West Cn
W.st Onion col tr cur 58.1938
Fd and real est g 4 Vs.. .1950
Mot TJn Tel sfnnd 6s.. .191
Northwestern Tel 7s
1901
TA
101
110
100
V Apr '01
116%
126%
12G",
J'ly'Ol
Dec '90
115
""i'ilV 113
120%
130
111
lit;
Dec'99
111
1
No price
J'ne'Ol
203
200
'
lN
^
.
.
102
203
196
133V.
.riv 'in
102
190
Feb '01
102
203 V
196
107
134% J'ly'Ol
134
136
110
110
J-J
103% Sale 103% 103%
lOlVNov'9*
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J-J
J-J
104 8-...
104 V J'ly'Ol
107V.Vne'01
'.'.'.'.'.'.
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J-J
J-J
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109VMay'01
110%
IOO
1 -.
J-D
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132 136
131 133 V
131 133V
90 V 104
,101
101
M-N
Mil
93 Sale
* 94
F-A
03 V 95
F-A
J-J ib'a"
J-J
J-J *ii6*"
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95
07
94%
96
111
106
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,
107VJ'ly'0l
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,
See
90
104 V
103 V J'ly'Ol
70 103
104
71%
30
94%
93%
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Mar'Ol
Mar'Ol
96
111
106%
Series
series
Series
103
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e
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A O
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99
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97
19
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122
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12
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75
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102
101
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J'ly'Ol
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J'ly'Ol
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108%
I111
109
117
...
J-J
ly'01
...
102 Nov'9g
122 V Apr '01
112
102
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116
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130
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a
1
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103
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1
I
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55
Nov'Oo...
aDueJan
110
112
-
1
1
\tu Cot oil ext
63
Friday; latest bid and asked this week.
101% 104%
J-.l
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L09
1922 J-D
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Hanufactiii'inir St Indu-nial
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...
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104VJ'1V01
111
102
105
112 115V
110 VI 14 V
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75
3
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.
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1st g6s..l919 A
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1926 J-D
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-D
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'01
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Continued on Next
M-N
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V
May'01
J-J
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3d 7s
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1940
a cn.ige gen gug4%s 1945
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-
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'109
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h
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coll trust
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95
106
V 105%
00 V 73%
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103,
99% J'ly'Ol
10G
D
F-A
Q-F
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1921
reg.1937
•i
LA P 1st con g 58.1932
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L932
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3%8
tar
J-D
J-J
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103V
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Mo Pac
a
J'ly'Ol
107
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I
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102% Ang'99
F-A
102
97%J ly'00
72
1st sfunilgtVs.. 1017 A-O
Sink fond subsidy g 68. .1910 M-N
ioa%
L02V
102 V Jan '03
101 Aug'Ol
J'ly'Ol
131%Apr'01
Sale
72
(
110% 112V
NYC
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i.pr'01
J-l)
M-.\
103% 108
Muv'01
112 V J'ne'Ol
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L09V
105^May*01
30
112V J'ly'Ol
132
133
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lot
105
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Apr'01
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1037 A-O
dm AStL 1st g 4s
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Ore Ry A Nav .See TJn Pac
Ore RR A Nav See Un Pao
Ore Snort Line See Un Pac
Iswego A Rome See
A-O
J'ly'Ol
Feb '01
115%J'ly'01
ac of Missouri
Kit
128%
109 V
107
114
110
J-J
1997
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M-S
M-S
M-S
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107
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I
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1996
gen g6s....l923
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St Paul A Dul 1st 5s... .1931
2d 5s
1917
1st consul gold 4s
iocs
Cent
Wash
1st g4s
101S
NorPacTerCo 1st g (is. .1033
Nor Ry Cal See So Pac
N or Wis See St P A O
i
ff
110
M
113V.
Clearf Bit Coal .See N Y C A H
Col C A 1 ext 1st con g 68.1902 F-A
Col C & I Div Co gu g 58.1909 J-J
off
Oct 'on
107
106
hio
126 58 Sale
110
125 V
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Apr '09
no
106
II
Nor A Mont SeeNYVvnt
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1
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.
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128 V 129^ 120'j.Fly'Ol
126
126 Aug' 01
04
94
96 J'ly'01
1
116 J'ly'01
3-'i
22 V May" 01
113
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-
"MISCELLANEOIS BOMIS
Registered
Erie T & T col tr g
48..fl
Registered
J-J
J-J
J-J
J-J
W
127
ioo
106
M-S
J-J
YC*
seeN
-North
and Telcplione
Conim Cable Co
124 V
126
N Y A Put See N Y C A H
XV&llll See Long island
99*4 105% n Y s & W See Erie
87 V OL
N Y Tex A M See So Pac Co
Nor A South 1st. g5s
1941 M-N 112V
107 110% Norl' A West gen g 68
1031 M-N 183 186
114 117
Jmprovem't A ext g 6s. .103,4 F-A 181
New River IstgOs
1032 A-o 181
119V
100 V 109 V
101 V 102
N A W Ry 1st con g 4s. 1000 A-O
Registered
1996 A -°
103 110
C C A T 1st gu g 5s
1 922 J J •108
SciO VANE 1st gu g 4s 1989 M-N 100 101
100 10(1
North Illinois See Chi A N W
North Ohio See L Erie A W
106 107
Northern Pacific^
118 115
104% Sale
114 119
Prior lien ry A lgr g 48.1007 Q99
96
J-J
J-D
A
\
ret 1 st g
Regis 85,000 only
1
Teleprrnpli
.1
DUW
W
II
YNH*
N YO&
Nash Flor
1
II!)
127
127 V S
110 U
l<
NYC*
See
Har lstreg 48.1903
Convert deb certs $1,000
,11 certs $100
Hoosatonlc R con g5s.. 1937
N li <fe Derby con g 5s. .101 S
N Yit N E 1st 7s
1905
1st lis
1905
J
'..
W & Al1st1st 6s....101
.101
P Branch
110 "a
A-O
.l-J
98
Hr.'VlOO^
102%
1-
il6%MaV*0u
See
Y Back A
N Y ]j B A W See Krio
18% N Y A N E See NYXHAII
OS
11
liar
N
07 ',1
loo
100 Mar'Ol
106 'a Sale 105 V 10.-, V
ioo lOB^a 103VJ'ly*01
'..,
.
93
OOVJ'ly'Ol
A
103
K.'V
LO0%KTot'OO
I,
I'ltw
V
,
102
102 .T'lv'Ol
KiO\X,,'v'00
J-J •112 V
All 116 117
Monongahels Riv See B A O
Mont Cent See St P M & M
Morgan's La A T See s P
Morris A Essex See Del LA W
St List 78.1913 J-J
Nash Chat Agold
5s
onaoi
192 A-O
Jasper Branch 1st g0s..l9_'3 J-J
T&
Sale
Sale
81
M
1st extension gold 68. .711927 q-j
193S M-S
General gold 4s
J P Morgan A Co otfs
Montgom Div 1st g 58. .1947 f'-a
LA Cairo
98
I
M EATofTlstgu g 5s. 1942 MS
BherShA So 1st gug 58.1943 J-D
Kan A Pac 1st g 4b.. .1990 K-A
Telio A Neosho 1st 78.. .1903 J-D
194'. A-O
Mo K & E 1st gu g os
8t
Q
latg4s.l03T A-O
1937 A-O
Lake ,SV^ tie
St
.*.
1-.
110
123 V 123%
122 V
103 V Apr '01
98 Apr'01
00
>
01990 K-A
W
118V 121
127%
i
M
r
1940 J-J
Registered
i
.1
M
L931
1931
103%
106
.
1
S
I8text5s.7il922 Vl1
oswe.t It 2d gu g5s...«191
1st gu g 58.1918 M-N
It
UtlOaA Blk Rlvgug 4s. 1022 - J
RWAOoon
L909 J-D
Bx 1st gold 6s ..1921 A-O
South W.st El 1st g 78.1910 J-D
193 M-N
1st consul g<ild5s
Hi uister.
N
•'
1st gold 7s. .192
2d gohlls
M
M
2000 M-N
l8tg58...1927 \-0
red
A .North
CfhlO
Pacific
l
1st glls 191
consol 7s. 1902
1902
128
'.
8turlstgug38.1989 '-D
a-
117%
117
J'ne'o
nr'oi
J-J
'
WAOTR
North See Ch M & st P
st P SeeCb M A st P
st
\'
I!
1st
i.
W
Iowa Ex 1st gold 7s
1
lsi
N Y a Harlem g 3%8...2000 W-«
May'00
N w
a
N
RR
12H
riatered
.i
Minn a
1
117% V
191
Cent
.t \V
See Ohio
.Mail
Set Chic a
III
i
itered
M-S
I
s
D
1
i'i'i"
108%
1st 78.19(1
gui
27
18
o
\
192"
gold 8a
i
2d Lno 6a a in stmpd..A 1911
3d Inoome got. 6a B...hl917
Ml t -North 1st gold 68....1910
1910
lsleiV.1
1st
i-i
consol 58
1st
«,
m.
l,
:
110
il%
a Q R
Mich cent
DO
'-.
Mex
A
Mil aMil A
;
J
1003
A Tol
M..11
\
Million ("I
f.
32
A-o
A
\
A-O
-
red
ill
coll gold 5a
191
1910
ries gold 5a
[ntemat 1st oon g4s. 1977
Mil
Mil
116
gu ..230
J-.l
2311
..12,1 7s 10. 1:. .1 D
3d L'liarCs
M. be. sA
I
See N
1
I'ittsMcKA V
1
,
Mich Cent
Midol N
tov
1
100
Coloniz g 5a.. ..1934
,,i a
i; V
tin N V Cenl
m, tropolitan r.i See Man k*
.r-j
\ Cent OODSOl gold 4S.. 19]
.M
1st oonaol Inoome g Ss.olOHO •iiy
j. oonaol Inoome g 3s. .a 198H J'ly
alp
1
1
'ill
108%
107 V
P
L98(
..
I.
isi %
W
Mil
>«7
,-
I.
B A M S
anhattan Rj oousol 14.1990
L990
Registered
Malum
10
1
1042 J-l'
lal
tfay'O]
I ..
try t
High
Hiii
1
Mob A Mul Inoomi
\
Juno 1; gu
.1
10(1
Mai 01
109
-
1
Sale
I.utl
1
i
•_'.l
1
lines
II
a
l
J
111 gold
In
KentUCKA
MS
\ a .1 a M latg-i is
198"
K-A
1.1
N
a 8 lal
I' A
Pent. A Ullat ^ri
v
I
Week Em, in..
Bali
A Ik
Continued
a- Naah\
193U J
a M 2d cclil Da
Pensaola Div gold Us... 199*1 M-K
M 8
....1921
lis
1. Div 1st gold
1980 M -s
gold 8m
.
i
3
Bond ReCOrd—Continuea—Pa^e
|
(Option
17%
16V
Bond Record— Concluded—Page 4
280
BONDS
\\
K
i.i
BR
si
1
/
tut
Ask
Hid
Penn
Range or
Friday
Aug 5
.Mir
I
ttkfl
II
stuck EXCHANGE
N. V.
l:n a
1"3
Bait
High No
BONDM
STOCK EXCHANGE «5
UlIK I.SliINO A1
'/e
1, 1.
High
i.uto
L08
i
1906
6a
earn ncy 6a reg.. .01905
<',,n>(il cold 5s
1
'-
*
I
-
Southern PacCo (Continued
(,al 11. .r A 8 A 1st g6a..l910
2.1 gold 7s
1906
M.i
L9
DBS
.fc
N
I
Bgo
R<S
A
R
Son
.1
A
Lsi
East
1st
is
I
1
]
i
.SYei
i
int. c.
ii
114
1989
consol gold 5s
lsi
Huron Drv 1st g6a. L939
SagTusA H 1st gag 48.1931
Vim reek regguarBs. ..1932
Pitts Cln a st i. Bee Penn Co
PI
1114.
107 4 Oct '98
A Tol 1st g6e.. 1922 A-O
\v A Cn See Penn Co
Pittsciev
Pitts Ft
Pitts Juno 1st gold 6s
1922
Pitts >v- 1. Erie 2d g 6s...ol928
Pitts HoKees A v See N X
n
Pitts
F Let gold 6s. ..1911
1st,
Pitts sh
L E
g 6s.. .1940
1943
1st consol gold 5a
1917
Pitts <fc West 1st g 48
121
Nov'98
90
J'ne'99
!<
PA
A
J
L'
Pitts
K
M&
con 68.1927
1st
Co gen g4s
98
J'ly'97
J'lv'ol
100
LOO
95"',
4Mar0l
95 4
121
118'a
Sale
See D A H
A Dan See South Ry
Southern
& Meek
95
92
Apr
01
<S'ee
Rio Gr West 1st g 4s
19f5!»
Consol and col trust 4s .19411
Utah Cent 1st, gu g 48.01917
Rio Gr June 1st gu g6s...l93;
Rio gr So 1st gold 4s
1940
Guaranteed
1940
Rocli
llP.j.I'lv'Ol
98
99
1991
199"
Registered
Rensselaer & Sar
Ricli
Ricli
1
Co cents
Y A Ash
railing
Nov'97
137
i
<
133 4.Tan '01
Oct 'oo
nil
Feb '01
L27
112 J'ne'01
115 J My 'Ui
A
Pitts
See
101
1004
96
101 4
J'ne'01
88^ Sep
'00
Fell '111
106
82*8 J'ly '01
92 J'ly'01
:
'.i
B R&P
N
Y Cent
See
Cag Tua A H See Pere Marq
Oalt LakeC 1st g sf 6s. .1918
St Jo& Gr Isl 1st g3-4s.. 1947
Rome Wat A Og
Sale
95
St Law A Adlron 1st g 5a. 1996
2d gold 6s
11*90
St L A Cairo See Mob A Ohio
St L A Iron Mount See
P
St L K C A N See Wabash
95
J'ly'01
M
SeeT RR Aot St I
L A S Fran 2d g 6s CI A 1 906
2d gold 6s Class B
L906
.
2d gold 6s Class C
General gold 6s
General gold 5s
193]
1931
1st trust gold 5s
1987
1900
*114
'114
"111
125
115
PierceC&O 1st g 6s... 1919
St L A S F RR gold 4s.. 1996
111
111
114'8J'ne'0l
130
Sale
98
95
Cent Div 1st gold 4s.. 1929
NorthwDiv 1st g 4s. .1930
Southw Div Iatg5s..l947
Kansas Mid lstg4s
1937
St Louis So See Illinois Cent
St L S
1st g 4s bd ctfs. 1989
2d g 4s inc bond ctfs. .p 1989
W
974
76
.
Sale
Sale
Gray'sPtTerlstgug5s 1947
St Paul A Dul See Nor Pacific
M A Man
St Paul
2d
114'8Mav'0]
128
128
115
316
102 '-Oct '00
127
126
108
109
97=1
744
764
127I2 136V2
112Vin9
93
9
1 t8
Rale
Sale
100
10234
051410112
71
82*4
g 4a 1949 F
1949 F
Mortguargold34s..fcl929 J
Registered
ft-1929 J
_'
i
la.lfl L3 J
"
i9or.
SPof
Cal lsi g6a
1st g 68 aeries B
90 3^
85
111
ibi" ibiii
Registered
*
87 4 "875"
101
J-J
A-o
11734
107
IOOI3
HOHiJ'lv'Ol
110
11313
lllUJ
1
89
137
125
Feb '01
125
125
113 Jan '01
L07V>Mar'01
113
106
113
107
'2
I
1
1
80
J'ly '01
'-..
86 U
>3
91 34
id
HOHilHHi
.7
UlHi
10C«b1oo-'h
Lpr'01
108 4 J lv'01
108
108 H»
Feb '01
119
120
120
107
Nov'00
10914
IO914
II2I4 J'ne'01
lO0'2l09 34
110 11214
110
1 00
110
4
Apr'01
Nov'97
109
Apr'01
115
120
93
J'ly'01
110 34
1033411m
108>3j'ly'01
H6I3
115'i
117 34 J'ly'01
110 3
4
96
4
I37"a
108 a J'ly '01
115 76 Sale
IoHjIHHi
.1
86*j
1
.
]oi;i4
100
100
106
1 1 1
26
4 1
2
110
109
119
120
93
120
HOI2
95
118 34
118
119
115
Sale
See
Penn
er
of St L 1st
1st con gold 5s
109
Ill's
Dec '00
108H
106
110
113
115
116
115
116
120°s
116
116
115
115
04
104
""" 102
109
Jan
'99
'99
113
i'1'5"^
j'iv
'b'i
115 J'ne'O]
91 13 Sep '00
8213.
120"% j'ne'01
.
117
94 34
109 34
87
9is8
g 413S..1939 A-O
1894-1944 F-A
•••..
116
112 34
L
Texas A Pacific Ry—
E Div 1st g 6s
1905
2000
?2000
1931
1935
M-S
J-D
5s. ..1935
A-O
1st gold 5s
2d gold inc 5s
La Div B List g
Tol A O C 1st g os
Western Div
5s
1st
g
11S>8
39 Sale
Mar
103
J-J
General gold 5s
113
113
J-J
,.
»
115
1
8
83
101 '4
95 12
96" ill"
35 100
10314
83 14 89 12
87 34
104
119
99
111
„13
114
i07 34
99
95
91
93
83 14
971-2
94
90^
83 14
Sale-
^
"a
II5I4H6I3
Feb'O
115i 8 120i«
Attg'01
J'ly '01
90 100
IKJI3III
113 !17l«
13 115i«
103 108 Si
99 14
95
94
86
924
88
73
86^
98 100
liui
P'J
J'ne'01
J'lv'01
J'lV'OI
J'lv '01
J'ly'01
J'lv '01
J'lv '01
84
fl
106 4
108
Aug'01
1043s Sale
108»«
104". 152
J'ne'01
106 34
106 ^ Sale
101
34
117
;,
129
4
1051a
110
to-1.,
10C-"»4
129
llo
.03
__
Apr'01
1084
1,10'.
114
|!llO
102i 2 1C21-J
128 J'ly'01
117 34 117%
I01 34l05^
11
126 34
115
106
117
106 Jan '01
1 17 4 J'ne'01
113 Mar'01
117
113
113
130
121
106
119
113
A North See Un Pacilh
A Black R See N Y Cent
W
See Mo P
\Ter Val Ind A
' irginia Mid
See South By
1939 M N
1939 F-A
Debenture series A
1939 J-J
Series B
1939 J-J
Det A Ch Ext 1st g 5s.. 1941 J-J
DesMoin Div 1st g 4s. .1939 J-J
St Chas Bridge 1st g 6s. 1908 A-O
Wash Cent See Nor Pac
Wash O A
See Southern
West NY' A Pa 1st g 5s.. 1937 J-J
Gen gold 3-4s
1943 A-O
Wabash
1
st
HS
sold 5s
II81-2
1104
*
1949,M-S
See Erie
no
1
-
t
J'ne'01
40
110
95
110
!il9-i8J'ly'01
119
30!
62'.,
98'-4Mav'01
98
110
1184119
S3
J-J
87 34 Sale
88
122
40
'11341134
1174
L13 laMar>0]
115 '2 J'ly'01
113 MaVOl
112 J'u.'Ol
921-2
93
1114
.
. .
'
I
.
r
i* 1
1
o*4
...Ilia
112
39
94
854
'J24
WM
50- vr 1st ircn 48.1949
984
112
31
Wil A Sioux F See st p M A
Winona A St P See C A N
Wis Cent
70
111
1004
99 4 Aug'01
40 Mar'01
993j
92
3 20*«
IW
L0§
96-\.102 4
1103,.7'ue'Ol
:,
99
117
118
no's
Jly'01
99
00
01 "a Sale
108
Income 5s
</1943 Nov
West No Car See South By
West Shore See N Y c.-nt"
Va Cent A P 1st g 6s. .1911 J-J
Wlieel'g A L E 1st g 5s. ..1926 A-O
Wheel Div 1st gold 5s. .1928 J- J 1J934
Exten A Imp gold 5s. ..1930 F-A L09
1st consol 4s
Y/ilkes ct East
117 34
96
W
"
116 Mar'01
116 '2 May'01
1 15
Mar'01
It
W
9.-.
J'ly'00
RR
2d gold 5s
87
91 "4
Oct
iliii
118
M Bge Ter gu g 5s. 1930 A-O
Tex A N O See So Pac Co
St
Utica
94
124 H, 129
121 1244
IO8I2
ANY See D L A W
TeboAN teMK&T
Utah
10ll'.2
1244128
iogii Sale
83
•
121
117
H3I4H6I3
IOII4 J'ly'00
lll^J'ly't'l
/.
Hi HOVillOVi
II713I2OU
119
115
llli3
.
104
113
114 34
95'
119 s4l21
121 J'ne'01
117i3j'ly'01
128 J'ne'O
126 ...
124 126 34 126 J'ly'01
12112123 122i»Aug'01
MS
104
Mar'01
Svra Bin?
.
99 7eJ'ne'0U
87 a4
<2
Ilo
WW
92
Nov'99
L01<fc
3
85 '4 80
112
in-'-jlH
10S 111
108!3
-I
935 J-D
139 142
Kan A M 1st gu g 4s.... 1990 A-O
TolP A
1st gold 4s. ...1917 J-J
11334 II6V2 Tol St L A
pr lien g 3 Hjs 192 5 J-J
11 r>t 8 ii6if>
50-year gold 4s
1925 A-O
12()i2
116
Tor Ham A Buff 1 st g 4s 1 94 J-D
103 1071s Ulster & Del 1st con g5s 1928 J-H
106 106
n Pac RR A lgr g 4s. .1947 .T-J
IO6I3IIO
Registered
194. J-J
19] 1
1st lien convert 4s
Ore Ry A Nav lstsf g6s 1 909 J-J
Ore Ry A Nav con g 48.1946 J-D
Ore Short Line 1st ? 6s. 1 922 F-A
1st consul g 5s
132 140
ig
Non-cumine A 5s
1946 Sep
1908 J-J
Utah A Nor 1st 7s
121 122
Gold 5s
1920 J-J
Uni N J RR A C Co See Pa KR
Utah Central See Rio Gr Wea
J'ne'01
'1
1
107'.)
1
Sunb A Lew
118i2n8 78
994
90
1 Hi 1
lll>all8*a
hum a-o
gnarg 58.1921 J-J
A
9114 102
96
97
W
fcl94:> J
5s. ...1941 J
W 1st
1st gug
ref gu
Cent Pac
1 ]
1
W
AAN
lioh....
1
W
Sil Sp Oca A G See Sav F A
Sod Bay A So 1st g 5s
1924 J-J
So Car A Ga See Southern
Southern Pacific Co
2-5 year coll tr g4 4s
1905 J
Gold 4s (Cent Pac coll). fcl 949 J
.
1
Jlu/h.
LO8I3I 13 '2
107 '4
Vol
I
•111131131a 106 '2!
ET
.
W
.
.
19
gold 6s
80 PotAi
1144
1154
M
Registered
1
let
Low
.\o
-
J'ne'01
J'ne'00
97
'-J
mm
AS
M
'
1905 A-O
IstgOss.
D.1906 A-O
1st g 6s series E A F.1912 A-O
1912 A-O
1st gold 6s
1937 M-N
1st con irtiar c 5s
ioo.v 1937 M-N
Stamped
lai g6s..l911 J-J
8 Pac of N
1937 J-J
S P Coast 1st gn g48
1905 F-A
Tex& N O 1st 7s
Sabine Div lstg6s....l9lL'iM-S
113»8ll8
1943 J-J
Con gold 5a
1994 J-J
Southern— 1st con g 5s
99 100*2
1994 J-J
Registered
98 10078
M.111 DlV lit g4i2-5s... 1990 J-J
121
1214
1 996 J
J
Registered
72 92 4 99
1918.1-J
Ala Cen R 1st g6s
92
92
1948 J-J
Atl A Danv 1st g4a
Atl& Yad 1st g guar 4s. 1949 A-O
Col A Greeny 1st 6s
1916 J-J
Va A Ga Div g 5s. .1930 J-J
3
984103 4
1956 M-N
Con 1st gold 5s
93 l4 964
E Ten reor lien g 5s
1988 NI-8
1938
M-s
Registered.....
105 105
Ga Pac Ry 1st g Os
1922 J-J
80 Hj 84
Knox A Ohio 1st g 6s. ..1925 J-J
92 Vi 94>4
Rich A Dan con g 6s. ...191 5 J-J
Equip aink fundg 5s. .1909 M-S
1927 A-O
Deb os stamped
Rich & Meek 1st g 4s. ..1948 M-N
So Car & Ga 1st g 5s. ...1919 M-N
89 a 98
Virginia MidserD 4-58.1921 M-S
Series E 58
1926 M-S
1931 M-S
Series F5s
General 5s
1930 M-N
Guar stamped
1936 M-N
A
lstcy eu4a..l924 F-A
WestNC 1st con g 6s. .1914 J-J
1121* S & N Ala See L & N
l: HI
IIP4IH * Spok Falls A Nor 1st g 6s. 1939 J-J
111 114H Stat Isl Ry 1st gu g 4»aS.. 943 J -D
May'01
Apr'01
100
100
102 34
100
1909
118 7s Feb '01
1st consol gold 6a
1933
139 139 J'ly '111
Registered
1933
13734 Feb •99
Reduced to gold 4 4s. .1933
1134114 J'ly 0]
Registered.
1933
11 64 Apr ill
Dakota ext gold 6s
1910
116 J'ly 01
Mont ext 1st gold 4s
1937
103 4.
1054 J'ne '(»
Registered
1937
106 May 'id
EMiun 1st div 1st g 5s. .1908
107 J'ly 'in
i6i'".
Registered
1908
Nor Divlstgold4a....l948
Registered
1948
Minn Union 1st g 6s
1922
l'JS
Apr'00
MontC lstgug6s
1937
138 142 140 May'01
Registered
1937
115 Apr '97
1st guar gold 5s
1937
121 124 122 J'ne'01
Regist ered
1937
*122" ".'"" 120 Apr'99
Will
F 1st gold 6s.. 1938
Registered
1938
St P & Nor Pac See Nor Pac
St P A S'x City See C St P
AO
S Fe Pres A Ph 1 st g 5s. 1942 M-S 107 110 104 Jan *01
S A A A P See So Pac Co
A N P 1st sink t g 5s. 1919
1104 Sale 1104 110'
Sav F A
1st gold 6a.... 1934
129
1204 Jan 'no
1st gold 5s
1934
123 Deo'99
St John's Div 1st g 4s... 193
92 V 94"4 Fell "01
Ala Mid 1st gu gold 5s. .1928
lOO'.. F.'l. Ill
Bruns&
1st gu g 4s.. 1938
87 Jan '01
Sil Sp Oca A G gu g 4s.. 1918
91 s8 J'ne'01
Scioto Val A N E See Nor A
Seab A Roa 1st 5s
1926
104 34 Feb'98
Car Cent 1st con g 4s. ..1949
Sher Shr A So See
KAT
SF
OreACal
s A A \
i
6s...
.
M
Wo W
StLMBr
St
13341334
High
LOB** J'ne'01
105 j'ne'01
19
old 6s
uw
107U
lOO'-i.
X vta M.-x gn in g4a.l912 A-o
NoofOal 1st gn g6a...-1907 J 3
Ati See
lai g 68.. ..1921
Peo A Pek
2d gold 44a
Pere Marq B"* P M g 6a.
I.
.'.
1
let 7s.
January
118>9 J'ne'O]
J
gu g5a.l924 M-N
Morgan's La A T
May '00
117
LA Nash
CCASt L
1124
112
.Ian '01
I-
106
I.
Shtr.e
o
Sale
J. ant
Ask
Hid
,
•
I
gu g
,1
Lai
Aug 9
HAT'
Nov'97
L02
L2 84 Mar'00
L985
4s 1941
g La. .1 986
in: & Can gen In 1944
ex
i
Lew
PensncolaA
Peo
'-J*..
N
Jtange
Bang* or
gn g 5a redeemable.. 1933 M-N
J-J
a 6a mi guar. ..1912 A-O
gold Is int guar.. 1921 A-O
1st
i:;
18.. .1942
I
I.
..1981
Pai
VGA
1I..IIH
I
CI A
A
M.-x
Gila
•
K.'trlsi .ri.l
Conao] gold
All.-t; Val gen gu g
Week's
Price.
N. Y.
Hit
.In
[Vol. LXXIII.
58
MISCEIXAXEOUS BONDS—Concluded.
Manuiacturins <&
miscellaneous
liDlustriall
Am Hide A L 1st sf g6s..l919|M-S
Am Spirits Mfg 1st g 6s. .1915 M-S
Am Thread 1st col tr 4s. ..1919 J-J
98
95
.
82
.
90
Bar A S Car Co 1st g 6a. ..1942 J- J
Gramercy Sug 1st gold 6s. 1923 A-O
90
111 Steel Co deb 5s
1910 J-J .....
Non-conv doben 5s
1913 A-O
Int Paper Co 1st con g 6s. 1918 F-A 108 Ill
Knic Ice (Chic) 1st g 5s. .1928 A-O
98
Nat Starch Mfg Co 1st g 6s 1920 M-N 110
Skg fund deb 5s
1925 J-J
98
Stan Rope A T 1st g 6s. ..1946 F-A
65
60
Income gold 5s
1946
8
10
V S LeathCosfdebg6s..l913M-N
114
.
.
.
954
954
784 J'ly '01
105 Jan '00
9978 Apr'01
99 Jan '99
100 4 J'ne'01
111 J'ly'01
93 Ang'00
1084 J'l vol
96
J'ne'01
62
9
J'ly '01
113
J'ly'01
16
904 964 Bkln Ferry Co 1st con g 5s 194S F-A
Bkta
A W H 1st 5s tr ctfs.. r.
784 85
W
Chic Jc
A St
100
100
105
100'
111
107
92
110
90
464
Aug'01
113
72
12
115
Miscellaneous
Adams Excoltr g4s
1948 M-S 104
Am Dk A Imp 5s See Cent N J
*
No price
Friday; latest bid and asked.
105
IO41
aDueJan
b
105
104
109
AM
col
B58.191
5
77
70
J-J
Id gr34sBA .1911 A-O
M
Hack Wat Reor 1st g 5s.
J-J
11 end B Co 1st s f g 6s... .1931 M-S
Hoboken LAI gold 5s.. .1910 M-N
Det
90
.
Yard
89
72
111
4 J'lv '01
113
Nov'99
72
Mar'01
31
844 914
o
...
53
OS
Ill
294
TS
111
35 4
Iron Steamboat 1st 6s... .1901 J-J
Mad Sq Garden 1st g5s.. 1919 M-N
Man Bch H A L gen g 4s.. 19 in M-N
N ewport News Ship building A
Div Dock 5s
£1990
N Y A Out Land 1st g6s..l910
L Ter Cupples Stat'n A Prop
Co 1st g 44s 5-20 year.. 1917
S Yuba Wat Co run g 68.. 1923
Sp Val Wat Works 1st 68.1906
Vermont Mar let 8 f 58... 1910
J-J
F-A
90
J-D
J-J
101
M-S
1
Oct
'99
st
Due Feb d Due Apr g Due
J'ne h
Due J'ly
fc
Due Aug n Due Sep
p
Feb'97
134 J'ly
Due Nov
<
t
'0o[
Due Dec
a
Option sale
Avgvst
THK CHRONICLE.
10, 1901. J
Volume
-
NEW
DAI
I.V.
AM)
I.IKIA
\\
I
1922
Ami.
!V
Weill
159,958
202
422,040
313
Thursday...
413.1 13
Saturday
...
ay
Tuesd
•
mday
310.149
Total
lhmds
Par value
Shares
J'JOl
StaU
>ti
.11.
1st 6s
liunds
Ind
1924
stk
t
,\
t.ooo
n,
080,000
R.000
"i'.ooo
1,017,000
9.278.21419224,486.0001
45
I<
\\
work Gai
.111. at
L09"
}] 10
6«
I
LOO
oston
5k 1948
U
10,0110
87,374,6001
52
ndl on Nal
A
1st
Week ending Aug. 9
Kxchange
1901
January
1 to
Aug. 9
1901
1900
1900
J-D
1926
50
las
nh (Mo) Gas3
Ss 1937
St Paul (ias stock. ...100
(,, m i.ii 5a L944 ..M-S
itock.. 00
8yrai
J-J
lal 6a 1946
(ias
(MilwV.100
Western
5« See N \ BtOCk Exeli
48
Bank
shares, par..
719,029
196,108,570
73,4
$70,431,950 $19,002,570,175 $7,0i
$124,476
$7
i
I
Tricur
BONDS
Government bonds
$35,000
31,000
7.274,500
48,000
3,937,500
$7,340,500
$4,025,000
mis
UK.
anil nils,
bonds
Total bonds
$1,847,270
04,900
694,713,000
$39, .',(10
1,674,900
811,6
$318,483,910
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Aug. 9
1901
Saturday
Monday
rtay
Wednesday
Thursday
Friday
Philadelphia
Boston
Weekending
A
1
1
DO
60
86
ss
16
in
90
97
92
100
c
i'n
I
shares
Jiond
Unlisted
shares
sales
12,646
28,677
21,261
3,558
21,461
20,5.'!.-,
3,081
19,064
11,041
4.9771
9,
1
Listed
shares
j
$04,400,
6,077.
41,480
25.200
35,060
80,674
17,363
16,952
30.564
10,197
1
40,8001
55,1401
4,784
Bond
Unlisted
shares
sales
$4,300
56,200
60,000
2,420,
11,7221
8,676
12,767
5,809i
4.073
3S, 000
40
•13
7
10
>i
1
.
Enipiie State Sugar.. 100
list
40
I
1
15
I'.i
.1
.1
i
loo
100
ai
larriage
100
loo
lienucal
al
Preferred
100
Gurliaiii Mtg Co cum. loo
Preferred
100
Ha\ ana lommerolal.lOO
loo
Preferred
Hkr-Juiies Jew'l Mill. if
1st ga 1922
al 1-Mar vin 1 00
II erring.
1st preferred
loo
lot!
2d inclined
Empiri
:-i.
1
4
1
16
10
71
1
124
100
110
120
7
<
list
55
119
Hi
43
]
Ms
"
1905
i'2'6'
126
118
icean.100 116
Mexican Telephone See Bosto n List
\r«- Eng Telephone Sei liosto 11 list
N. n lh western Teleg. ..50 122
126 Hi
175
N 7
J Telephone 100 170
M-N 112 115
5sl920
78
25
85
Pacific & Atlantic
96
Providence Telephone. 50
Southern & Atlantic. .25 loo 110
3
Tel Tel & Cable of Am. 15 f
6
(
AN
1
I'-J
65
(
1
6
40
I s.
<
1
Hi
35
(I
I
52,200
63,300
ion
100
loo
r...at
ind
I.
Electric Vehicle
•
I
'
Diamond Mati
64
1st 6s
Teleph
1
90
Hudson RlverTelephlOO
Listed
1
1
'
.v.-
4H2S,
n4Hl
52
31
Aincr lost Telegi \ v ilOO
Bell T( 1. phol Buffalo loo 110
So Ann r ..100 106
Central
67
dies A rulu 'i'eleph.. 100
102
190929
6s
CommeT in Tel <N Y).25 11
Kinp* Hay Slate Tel 100 75
Erie Teleg A Telep See 11 oston
45
100
Franklin
Gold <fc Stuck
100 117
International
..
Corbln P A
ramps' Sli AEi
1
2,278,214
Stocks No shares
$924, 135,060
Par value
.1
i'i.
1
Sals* at
fit v Yurk Stock
in
1.
loo
111
1st (is
Pi o\ Id
881,000
1
li
11
I'n
1,047,000
1,666
43
\S all \ 'ul
J
1
101
M N
6s 1926
1st
1,09
Mlard
102
.:
lUHpol
Madison
$18,746,800
65.164.200
41.341.500
30,637,700
40,911,800
30,633,530
lul unit
loo
-i
Hail roil it
1
51
11
I.
l..il.i\
Stocks
ullllj/
nililsl
BO
•
Kansas .;....-
EARLY
\
-
u
102
BXOBi
S"ORK STOCK
UK
las
1
-
1
at THE
ill
[ndlanapoh
1920
1M
la.
TllA.N'SACl'ltiXs
*»<
OmM
Exchanges
of Business at Stock
281
95
J
1
30
45
65
100
r-—
45
4
Hoboken Landdt ImplOO 110
m-n 106
5a 1910
110
150
Intel natii. nal Blevat.100
Internal Pow <:u prel 100
Internal'l Pump SeeSik
Intel iiiil' Silver See Slk
Exch
Exch
1
68 1948
J D
irun Steamboat
25
li steisou com. .100
95
97
180
lid
135
2Hi
1
John
list
list
ion 125
Total
113,2i4|
47,305|
262,080, 112,427|
40,067|
$274,000
Electric Companies
Lanston Monotype
20 f 14*(. \i\
Lawyers Mort lnsur.100 185 195
Allegheny Co Lig'tColOO 165 170
10
Eddy Electric Mfg Co. 25 t
Lawyers' Surety
100 100 110
Edison El 111 Co
Y Stuck Exch Lawyers' Title Ins. ..100 300 326
Stock
Edison El 111 Co Brk N Y
Exch Lonllard (P)pref
loo 120
Securities
10
Edison Ore Milling Co 10
8
11
Madison 8q Garden.. 100
Electro-Pneum'ic Tran 1 u t
1% 1 34 2d 6s 1919
75
M-N 60
For Weekly Review of Outside Market See 7th Page Preceding.
1
General Electric Co
Y Stock Exch Mark een Copper
10
1H|
7
Do pref See Boston list
Mex Nat Cnnstruc.pflOO
9
Street Railways
Street Railways
_g,-,j
Monongahela R Coal. .50 t 14H2 14^8
Ask
Bid Ask Hartford (Ct) Elec Lt 100 190
NEW YORK CITY
Narragan (Prov) El Co 50 t 93
Preferred
Indianapolis St Ry S--.e Phila list
BO t 46 Hi 47 »4
New York & Queens Elec
Monongahela 'Water. .25 t
J C Hob <fc Paterson. .100
BleeckSt&FulFstklOO 32
36
20
23
Light
&
Power
100
22
Safe
100
Co..
Co
100
lstmort4s 1950.. ..J-J 101 104 a 4sgNovl 1949... M-N i 81
23H> Mosler
82 H?
17
Preferred
65
National Carbon
100
69
100
Lake St (Chic) Elstk.100
B'way A 7tli Avestk.100 244 249
17«s
12=s 12 7s
100
Rho Isl Elec Protec ColOO 119
Preferred
lstniort 5s 1904. ..J-D 101H; 102
Deb 5s 1928
J.J 103
22
Storey General Elec. 10
IIH2 12Hi Nat Enam'g& Stamp 100
25
110
Loulsv St Ry 5s 1930 J&J 5118 120
2d mort 58 1914
J-J 108
83
United Electricof N J100
Preferred
100
87
Lynu<fe Bos 1st 5s '24. J-D 4113H: 115
17Hi 20
Con 5s 1943 See Stock Exch list
3
4s 1929
70
100
5
72
NatT Gramophone
MinneapSt Ry5s A'eeStk Exch list
B'way Surf 1st 5s gu 1924 U14 116
2d 5s int as rental 1905 4104 105
New Orleans City Ry 100 25 28 Unit EleoLt<fcPo""Co..50 See Ba It list National Salt See NY Stk Exch list
National Surety
100 145 153
Cenfl Crosstown stk.100 255
Preferred
100 100 103
Ferry Companies
27
32
M-N 5125 130 North Chic Str stock. 100
New Central Coal
20
IstM 6s 1922
202
3
Brooklyn Ferry stocklOO
20
22
N E Elec Veh & Trans 10 t U
Cenl'kN&ERivstklOO 208 220
1st 5s 1906-16
J-J
*
1 00
NY&BlstOs 19U.J-J 113 114 N Y Auto Truck
North Jersey St stocklOO
Consul 7s 1902
J-D 104 106
22
26
85
loo
Chnst'r&lOth StetklOO 175 185
M-N 80 Hi 8IH2 Con 5s 1948 See Stock Exch list N Y Loan it Imp
48 1948
Metropolitan Ferry 5s... 108 110
114Hi 115
Col& 9th Ave os See Stock K xch list
Pat Ry con 6s 1931...T-D 4126 130
N Y Biscuit 6s 1911.
E R Ferry stk.100 66
70
N Y El V Tr ($20pd)100 J0H2 11
Dry D E B & Bat stk 100 120 125
A-O 4103 106
2d6s 1914
1st 5s 1922
loo 150 160
119
Rochester Ry (new). 100
25
30
M-N 4 96
97
1st gold 6s 1932. ..J-D 116
Y Realty Cerp
N Y & Hoboken Stk.100 80 83 Nicholson File Co loo 125 127HJ
F-A lOSHl 104 Hi
81
Scrip 5s 1914
Preferred
81
100
loo
Hob Fy 1st 5s 1946 M-N 4112 113Hi Ontario silver
8
94
Eighth Avenue stock 100 400 410
Con 5s 1930
A-O 112H2
100
32
Con 5s 1946
litis Elevator com
34
F-A 105 109
93
Scrip 6s 1914
2d 5s 1933
J-D
99 Hi 1(H) Hi
J-D 4 92
New York <fe New Jersey
96
98
100
42(1 <fe Gr St Ferry stk 100 390
400
So Side El (Chic) stk.100 108
Preferred
1st 5s 1946
65
70
JJ 105 H» 107 Pittsburg Brewing
42d St
<fc St N Ave 100
Syracuse Rap Tr 5s 1946 100 102
50 t 253j 26
10th & 23d Sts Ferry 100
45 >4
75
80
Preferred
50 t 45
1st mort 6s 1910... M-S 112Hi 114Hi Union Trac(Chic)coml00
15
16
30 34 30*8
loo
1st mort 5s 1919... J-D 4105
99 101
58
108
100
2d income 6s 1915.. J-J
Preferred
Pittsburg Coal
100
93 Hi 93 34
LexAv<fePavF5s See St k Exc list
41
Preferred
UnitRys St L Trans) 100 26 Hi 27 Hi Union Ferry stock.. .100 40
79»«1st 5s 1920
loo 174
176
Ninth Avenue stock. 100 198 205
loo
Pitts Plate Glass
Preferred
79
M-N 4 95
97
90
Second Avenue stocklOO 212 215
Gen 4s 1934
J-J J 89
Planters' .impress See B oston list
Railroad
80
90
1st mort 5s 1909. .M-N 3106H2 107 34 U nit Tr & Elec (Prov)lOO loo
110
Pratt <t Whltn pref.. 100
Chic Peo & St L pref. 100
100 3-40
Consul 5s 1948
F-A 4119 120
100 101"e
West Chicago St
4
5
Procter * (.amble
205
206
Sixth Avenue stock. .100 190 216
Prior lien g 4H2s'30M<feS 4105
loo
M-N 4
107
Cong 5s 1936
102 Hi
Preferred
100
90
Con mtg g 6s 1930. J&J
99
Bou Boulev 5s 1945.. J-J 4111 115
92
Royal Bilk l'uwrt pref. 100
Gas Securities
ockEx list
Income 5s 1930
So Fer 1st 5s 1919. ..A-O 4108 110
13
10
Rubber Goods Mfg C
NEW YORK
Denv & So stocks See S tk Ex list
Third Avenue See Stock Kxcli list
62
Russell it Brwin
26
P <fe
5s 1929
156
Tarry
5s 1928 105
108
Cent Union Gas 1st 5s... 4109 HO
J.D
95 Hi Safety car Heat A l.t 100 150
YkersStRR5sl040A-O 106 108 Con Gas (N Y) stock N V Stock Exc Ft Worth & Rio Gran. 100
Simmons llardw cum 100 165 170
150
73 '4 74 Hi
loo 146
28th lie 29th St8 1st 5s '96 109
111
I'll Idled
Equit Gas con os 1932 See stk E x list K C Ft Sc <fe Mem pf (w i)
142
Twenty-Third St stk. 100 400 410
Refg g 48 1936 (wh iss)
Mutual (ias
86
s7
100 305 316
100 138
2d preferred
260
Deb 5s 1906
100
235
J-J 103
106
Pitts
Bess&
New Amsterdam (ias
LE
50 1 34
35
Singer Mfg Co
Union Ky 1st 5s 1942 F-A 114 116
5
6
Preferred
lBt consul 5s 1948.. J-J 108
IO8H2
74
50 t 71
Standard Milling co.100
20
21
Westchestlst5sl943J-J 110 113
Seaboard Air Line See £ alt list
loo
N Y Elec Lt Heat&Powcr
Preferred
67 H? 70
Gold 5s See N Y Stuck Exch list
BROOKLYN
Industrial and Itllsccl
7 7,-.
N Y <fe East River Uas—
Standard oiiofN* "il.lOO 771
226
Atlan Ave 5s 1909. .A-0 4107 109
115
Aberdeen Copper
1st 5s 1944
J-J 4113
29
25 \ 26
Stand Dndergd Cable 100
Con 5s g 1931
112
A-O 113V; 115
108
Acker Mer & Condit ... 6s 100
Consul 5s 1945
J-J
Sloes-Sheffield Set Stock Exch list
Inipt 5s See Stock Exc h list
32
Amalg Copper See Stock Exch list
Nor Unlst 5s 1927. M-N 108 110
Standard Couplet comlOO
loo 120
125
B B<&
5s 1933. .A-O 103Hj 105
135
Am Agric Cheni See B oston list
100 ISO
Standard Gas com
Preferred
70
Brooklyn City Stock.. .10 242 244
Amer Bank Note Co... 50 t 54
100 150 155
Slillw-lllci A Sin V pt loo
Preferred
7
lu
Con 5s See Stock Exon list
Am Bicycle See N Ystk Exc]] list Storage Power
1st 5s 1930
M-M 116 117
50
Bkln Crosstn 5s 1908.J-J 104H 107
American Can com... loo
Suilt & Cu
100 106
23Hi 24
OTHER CITIES
BknHL'tslstos 1941 A-O 104 106
102 Hi
J
Preferred
7-1
1st 5a 1910 1914
73
100
BklnQCo&Sub .S'eestk Exch list Baltimore Consolidat See Bait list
American Chicle Co. .100
S3
18
Tenii. smi
86
opp( r.
Bklyu Kap Tran See Stk Exch list
Preferred
1
50
100
Bay State Gas
Texas .v Pacific Coal. 100
79Hi 8
110
Coney Island <fc BklynlOO 325 330
25
32
AnicT Graphophone...lO t
loo
1st 6s 1908
h 4
A-O (106
Binghamton Gas
1st 5s 1903
J-J
115 Hi
102
Preferred
103
A-O i 94
5s 1938
10
9Hi 10'v Title Guarcfi Trust... 100
fiscrtf.siudbt 1903. .J-J 101
Bosto n list Amer Hide & Leather 100
105
Boston United Gas b
in ni. .11 Pottery com 00
8H;
Brk C do N 5s 1939. J-J 114H> 117
Preferred
62 Hi 67 Hi
100
6 Hi
Buffalo City Gas stocklOO
100
30
38
Preferred
7Hi
7o
70
Gr St&New 1st 6s '06 F-A KM
75
6s See Stuck Exch lisi
1st 5s bonds
9
Trow Directory new. .100
Gr'pt <&Lorimer St 1st 6s 106
Amer Locomotive See Stk F.\ch list
Exch list
109
Chicago Gas SeeH \
Union lopper
4.1
Kings Co. Elevated—
Cincinnati Gas & El<
95
Union Steel & chain. 100
103V io3»« Amer Press Assoc'U.lOO
80
1st 4s 1949 See Stock Exch list
80
American Screw
100
Col Gas Lift Heal com 100
Preferred
85
67
Nassau Elec pref
105
82
Amer
Hi
j
100
108
L'niuii
Sign
85
Shipbuilding. ..100
Switch*
Preferred
100
36
88
1133)
108
5s 1944
.1,1 J106
•jr,
1st 5s 1932
Preferred
Preferred
100
94
1st 4s 1951
14
J-J
Tvpcu r com. .100
86ia 97 H Consol Gas (N J) stk. loo
12
Am Soda Fuun com.. loo
6
3
S3
NewWb'g&Fllstex4His 106 108
SO
1st preferred
JJ
1st 5s 1936
45
1 st pref err ed
100
52
Stein way 1st 6s 1922. J-J 5120
2d
S
2d
preferred
Consol Gas (Pitts)
preferred
60
100
12
rj S(
American surety
at 1 ron
50
Preferred
50 180
OTHER CITIES
Amer straw board
i'i.
Bonds 5s
100
24
26
Buffalo Street Ry—
Bunds
".n Duck....
Consuiu las J City)—
6s
F-A 100
1st consul 5s 1931. .F-A 5117
Am ypefo'ra stock. 100 55 69
118'4
M-N {103
ri. [1 red
1st 6s 1904
Deb 6s 1917
A.o }106 107
84
75
Amer Woolen see stuck Exch list
Detroit City (ias
60
S ]
Chicago City RR stk.100 200 205
i'i
Amer Writing Paper. 100
IX'Vuit Gas See N V Stk Exch list
Cleveland City By. ...100 103
35
81
Preferred
Essex <fc Hudson Gas 100
loo
Cleve City 1st 5s 1909. J-J 108
Km Wayne (ind)—
70
1 06 Hi
5a 1919
66
Cleveland Eleotr Ry.100
49
54
1st t;s L925
Anthracite Coal
88*8 86 Hi
J-J
loo
75
Con 5 s 1918
Harney ,t Sin Car
I' nivi
loo
20
105'v 107 Hi Grand Rapids Gas—
Columbus to) St Ky..lOO
F-A ill'
Preferred
100 122
105H2
126
1st 6s 1915
44Hi 47
al
Preferred
mo! 102 105
Y.i
48
Hartford (Ct) Gas
lompany cum
50 1 15
JO
Colum Ky con 5s See Phlila list
82
33
l'l. lined
Hudson Co (.as
100
50
Crosst'wu lst5s'33.J-U,411o 113
102^ 102»4 Bond & Mori Guar.. .100
5s i(1949
17Hi
Brand Rapids By....l00l 25
Brit'li Columbia Copper 6
1 1
2 7 Hi Indiana Nal & 111 G;
14 Hi w hite Knob M
Preferred
Worthing Pump pref. 100 1 12 114
M-N 48
102
100
79
Celluloid Co
loo 1(10
81V 1st 68 1908
Preferred
NY N
Outside
N
.
1
MS
NY&
N
M
(
(
W
1
M
WE
1
1
'•.
1
:i
t
1
<
t
AO
1
i
.
(
8C
<
'j
1
.
1
1
'•>
i
MS
.'.
1
I
(
I
I
i
Buyer pays accrued
interest.
1
Price per share.
•
I
THE CHRONiCLE.
282
[Vol. LZXI.I.
Boston, Philadelphia and Baltimore Stock Exchanges -A Daily and Yearly Record.
Shir* Prices— Not Per Centura Prices.
Monday,
Malurday,
Avg. 3.
857
187
188% 188%
•840
103*
193
•
156
Avg.
•856
•867 85B
•
188
183
•240
•840
....
198)4 >9394 193)4
•
166
..
188 188 •130
.
.
•i80"
11% 11%
63
36%
39
•93
94
•808
7:%
3ch% 808
7a
11
144
85
37
93
85%
87)4
3694
96
16% 164
96% 66
11814 113)4
•89
30
•88
89
8694
25
27
98
110
•88
89
•28
•88
30
%
153
740
3S% 88% 28
37% 87% 87
•84
65
65
169)4 160
158
159
760
740
745
881,
64%
87% 27%
•48
"s8%
"38)4
48
48
68% 684
•51% 58
144% 145
85)4
35)4
37
87
92%
9394
21
•83)4
208%
808
71
80
71%
"a
l-io
20)4
.'89-16
38% 38%
85 5-16 85 7-18 2:%
37% 87% 37% 8794
•47)4 47%
48
48
38
85
95% 97%
95
88
•88* 89
86%
16%
8P% 86%
16% 16%
96
96
96
111% 110% 111% 111% 113
80
89
188
188
168
741
•88
•98
80
88% 88%
a<%
21% 33%
27
85
64%
81%
75
38
37
65
96
75
38
38
47
38
48
68%
6%
6894
68% 69%
5*
•••••I '••••!
10
10
13494
138
160
780
83
37
•84% 65
26
26
127
160
780
22
37
38% 88%
•47
47
69
47
5%
31
31
6%
93)4
93%
93)4
30
80
30
30
5%
5
69,
88% 83*
38%
83)4
93%
"88%
•37%
36% ae%
•18
36% 3P%
•18
18
13
am
aid
•s"%
86
18%
7C%
70
70)4
79% 79%
•
33 >s
'::::;
86)4
12)4
••••*« ••••ft
•••••I ••••«•
•70
33
5V|
115
115
'•37J4
6%
Ask.
Amer. Agrtoul. Chemloal
ISO
10C 170
os 4 Maine pf (Bost)
"
100
300
Boston 4 ProT.
00Hn4Passam " 100 160
Conn River.... " 100 870
OonsolTr Pitts! (Phli) 50
"
PrefT
50
59
47
Cra South A Fla.(Balt)100
"
100
94
1st pref
"
100
3d pref
77
.
M
"
Inds Street
"
50
60
60
100
Sonny lk. "
SO
Maine Central. (Bost) 100
Little
Mlnetilll
ASH. (Phil)
50
SO
Wesqnehon'g V. "
North Penn.... "
50
Pere Marqa'te. (Bost) 100
"
100
Pref.
Phil Germ A N.(Phll)
"
Phila. Traotlon
50
50
Rys Co General! "
....
Rutland pref ..(Bost) 100
uniMu n
(Phll)100
35
DnPow4 Trans "
pref.
(Bost)
West Bnd
SO
West Jer4 8 8.(Phll) 50
WestNY4Pa. "
SO
Wis Cent, new. (Bost) 100
"
Pref
100
J
Wor Nash 4 B.
"
100
180
303
380
Camb
Steclreot " $3%rd
uani/on 00
(Bait) iu-j
Central Oil... (Bost) 35
ConMercurgo'd "
5
Dsly-West Min
"
163
780
•38
•47
68
5%
50
5%
6*
%
11
93% 98%
140
30
29)4
6%
35
114%
5*
36
115
• •
70
80
• t
40
08
45
70
78
78
8TOCKS-BOND8
1134
111
MMti
19% 204
45
130
140
3%
3
6%
• • • t
5
• • • • •
Bid.
"
"ia
8
98
6
100
8
294
3
40
?8
3
7%
Franklin Min'g. (Bost) 25
17% 18
" 100 251% 252
General Elect..
"
Pref
100
" 100
Ind-EgypCom
4%
IntButH&SM " 10
1%
IntSP&Dynam(Phil) 50
Isly RoyaleH..(Bost) 25
43
434
Manufac Rub.. (Phil) 50
%
Pref
50
18
28
84%
Jan.
35ia
May
80
39% May
1
45
98
1
100
313%
1384 May
30%
72
99
100
175
3%
%
4%
.
6
78
384
Jane 10
44
99
Jan. 21
79%
7%
8%
16
99
146
105
28
40
54
66
Jan.
Apr.
Jan.
Feb.
Feb.
Jan.
Apr.
3
18
3
18
18
8
la
38% Mar.
May
30% Feb.
33% Jan.
10% July
Apr. 11
8
Aug.
Mar. 31
425
680
Mar.
659« July 10
8%
S
Feb. 18
41 Jane 80
138% Jan. 8
88% Ang. 7
9
113% June
l,05t
May 88
Aug.
Feb
July 18
35
i,iae
1,058
July 19
Jan.
Jan.
May
38
Jan. 18
Mar. 4
June S
31% June 11
34% May 2
Feb.
137% Jan.
1
.
180
183
860
90
1.265
6,643
18
Jane 18
153%
4% July
4% Jan.
8% Jan.
710
Apr. 18
34% June
May
63%
14"
1
3
Jan.
18% Mar. 89
Aug.
68
85
40
88
40
8
May
99
87
91
Jan.
Jan.
July
15% Mar.
1,106
26
1,458
17*
48:
1
June 18
Apr. 19
Apr. 80
139% June 18
133 117
1,634 151
176 715
7,021,
June 11
81
34 1-lflJune 4
40 4 June 17
89 7-lOMay 1
30% June 81
54 Jure 81
%Apr.
....100
July
39% May
Jan.
••July
81,78: 130
(Boston).... 100
"
....100
(Phlla.) .... 50
Marsden Col
"
....100
National Asphalt !
"
.... 50
Preferred!..,,
"
,,,, 50
New Bng. Cotton Tarn, pref. (Boston) .... 1 00
New England Telephone. ...
"
....100
Old Dominion Copper T
"
.... 25
Philadelphia BSleo.T 5 paid.. (Phlla.)
Trinity MiDing
(Boston).... 25
United Gas Improvement !. ( Phlla.).... 5 n
United Shoe Machinery
(Boston)..., 25
Preferred
.... as
United States Oil
"
.... 25
WelsbachCo
(Phlla.) ....100
,
Westlngh. Hleotrio 4 Mfg. (Boston) .... 50
Preferred
"
.... 5(
a 85 8- 6 85 13-16
10
38% July 3S
Mar. *u
Apr. 13
17
65
Jan.
Jan.
Jan.
7n% Jure 8
79% July 9
Aelt
Adjustment g
97
si'
15
174
*%
•60
"98%
346
89*
39
354
88
90
18%
28
7%
".'£»
63
3
63»4
101)4
984
4s. .1995
1
.
14
85
i
{ ...
97*
117
86
68
{130
Non-exempt 6s. '18 JAJ {107
Sink fund 4s.. 1910.TAJ IlOO
Cent Vt 1 st 4s 1920. Q-F § 85
88%
On Bar A vj 4S.1932 t <sA aoi
IowaDiv 4s. 1919 AAO {104%
Chicago Juno 5s.l915 JAJ {110% 118"
Oh A No M gu 5s. '31 MAN {107
Chi 4
M gen 5s.'21 J4D {109
ib's'%
Curr't Rlv 1st 5s.'27 A40
W
DGR4Wlst4s.'46 AAO
. 99%
Domin Coal lst6s.'13MAS {110
1a«fn ist M 6s g.'06 MAS {1114 us'
Fr ElkAM V 1st 6s '33 end {137
Unst'p'd 1st 6s.' S3 AAO {135
IUin Steel oonv 5s.' 10 JAJ {100% 103
Debenture 5s.l913 AAO {10U% 102
KCCASlst5sg.'25 AAO {
105
KCFt8AGlst7s.'08JAD
115
SAMoon 6s.'28MAN {133 195
KCF
SCMABlst4s..'34MAS
Income
5s..,.,.,
K CAM By4B 5s.'39 A40
-
9*% 100
93
{107
6s. .'03
is 1949
Torrington 1st 5s 1918.
I
WestEnd8t5s..'02MAN
4%s
1914MAS
Deb 4s
1918 MAN
Bonds— Baltimore.
Anacostla A Pot
5s
{
A Ch
JAJ
AtlG-Llghtlst5sl917JAD
Atl
1st 7S.1907
Atl Coast L otf s 5s JAD
Bait Beit 1st 5s. 1 990MAN
AAO
1118
Mex Cent 4s a.. 1911 JAJ i 84
1st con lno 3s g non-onm
30
80
3d con lno 3s non-cam..
lb'2'
Bid.
Ark
94
94%
117
113
109
88
33
83
94
111
117
s
11*
118
• • •<
116
104
85
113
lie"
90
92%
iia'%
H3H
113
118
87
130
109
» •
•
••
•••
110
115
108
5s 1928.. ..JAJ
Series
Series B 5s 1926.... JAJ
Pitt Un Trao 5s.l997 JAJ
114
113
90
52%
181%
18iH
108% 1104
lib
114
8avFlaAWest6s'34AAO
Si% 83%
Seaboard A L 4s 1950..,.
Seab A Roan 5s. 1926 JAJ 118
108
110
st 5s'41.A&0
67
uAPlst4%s'29M«N 85
98
97%
UnBy A El lst4s'40.MA8
78% 73
Income 4s 1949..,. J AD
Vlrg Mid 1st 6S.1908 MA8 108
!
2d series 6s.. 1911 MA8 118
3d series 6s.. 1916 MAS 123
4th ser 3-4-5S.1931MAS 113
M*8 US
••••t<
•••It
Con Trao of NJ 1st 5s.. '3c ••••1 •••*••
Del A B Bk lst7s.'05 FAA
BastAA 1st M 5s. '20 MAN 110 118
BlmAWilm 1st 6s.'10 JAJ
117
Income 5s... .2862 AAO 108
Bq 111 Gas-L Ista5s.l928 107%
Hestonv M A F con 5s.'24
HA B Top oon 5s.'25 A SO 109
118
no
Ry 4s.. 1933 80
Lehigh Nav 4%s. .'14 Q-j 111% •••
BR4sg
1914 Q-F
Gen M4%sg.. 1924 Q-8
Leh V C'l 1st 5s g.'33 JAJ
108
Indianapolis
2d
MAS 138%
1910
7s.
6s...
.,1923
MM
JAD 124%
Annuity 6s
JAD 131%
Nat Aspbalt 5s.l951 J4J
••*•
New'k Con Gas 5s '48 J ohj 106* ••••11
Newark Pass con 5s.l930
NTPhllANorlst4s '39JAJ 10594
86
Income 4s... 1039 MAN
No Penn
1st 4s.. '38
GenM7s
MAN
105% 108
Penn gen 6s r.. .1910 Vax 130 182%
Consol 6s 0.... 1905 Var
Consol 5s
1903JAj
r....
1919 Var
Penn A Md
Steel oon 6s.
Cons 5s
Cons 4s
1939
1939
•Still
Mltll
PaANTCan7s..'06 JAD 114
NorthCent4%s.l925AAO
JAJ
6s 1904
5th series 5s.l»2B
Clt's'StRy(Ind)oon 5s.'33
lstaon5s.'3i
Consol
NewpNAOPlst5s'38MAN 102% 105
So.Bound
93
100
i.
s s • • t
118
118
Maryland Brewing 6s .... "e'iii
MetSt(Wash) 1st 5s'25FA 116%
New Orl Gas 1st 5s...Var
PotomVallst5s.l941JAJ
8eoAvTn(Pitts)5s'34JAD
Ter 1st 5s. 1926 J A
Berg4BBrewlst6s'21J4J
Cambria Iron 6s. 1917 JAJ
Balls
LehValext4s..l948JAD
93
Ga AAlalstpf5sl945AAO 1074 i07%
GaCarANlst5sg.l929JAJ 107 4 .08
GeorgiaPlst5-6s 1922JAJ 115%
A
113
Bdison Elec 5s stktrctfs
ElecA Peop's Tr stk tr otf e
118
Norfolk St 1st 5s '44. JAJ
136% 127
53
05%
MAN
19
1094 110
1314 18S%
Central Ry 6s... 1912
Consol 5s. ...1932
GaSoAFla 1st 5s.l945JAJ
KnoxvTrao lst5s '28 AAO
Lake R El lstgn5s'42MA8
MaconANl st 4%s '90MA8
otfsl849
ColumStRy
103% :03%
11794 iip%
101
10)%
Ext A Imp 5s.l932MA8
Chas City Rylst 5s '23JAJ
Chas Ry G A El 5s 99 MAS
CharlCAAext5s.l910JAJ
2d 7s 1910
AAO
CityASub lst5s.l922JAD
CityASnb(Wash) lst5s'48
ColAGrnvlst5-6.1917JAJ
Consol Gas 6s. .1910 JAD
1939 JAD
5s
g..'
CnooOkAGgeii 5s'19JaJ
90
BaltCPaslst5s.l911MAN
Bait Fundg 5S.1916 MAN
Exchange 3%s.l930JAJ
BaltAPlst6sml 1911AAO
1st 6s tunnel 191 1.. JAJ
Bal Traolst5s.l929MAN
Ext A Imp 6S.1901MAS
NoBaltDiv5s.l942JAD
Conv'rtible5sl906MAN
JAJ
tr
Atl City 1st 5s
114% 116%
. .
MAN
Asphalt Co 5s
118%
ChesAD Canls*5s.'l 6 JA
60
Choc&Mem EtJ»1949J&J 111% 112%
U11EJ
KC8tJo4CB7s.'07J4J aie% 117
L RockAF S lst7s.'0S JAJ {105
MarHAOnt6s...'35
MAN
{108%
J&J
Seat Eleclst6sl93uF«A HO 4% 10S
Rutland 1st
Rut-Can 1st
'
Bonds— Boston.
JAJ
AT48Fgeng4s.'95A40
1939 JAJ
2dM5s
3% Bar A Mo Rlv ex'pt 6s. JAJ
36%
35%
8»
Am Bed Tel 4s. .1908
K%
61
3
85
UnHlL4Powpf (Bait) 50
United Fruit (Bost) .100
25
US Mining.... *'
" 4-85
Utah Mining..
WarwlokI4 8.(Phll) 10
50
Westm rel Coal "
WiDona Mlnlng(Bost) 85
85
Wolverine Min. "
.
a
35
49
23
118
100
. .
.
Apr. IS
July 17
Apr. 81
Apr. 84
June 19
135 Apr. 8
18 July 87
59% May 10
148 Apr. 88
. .
SO
16
....100
....100
iBait.j ....lou
(Phlla.) ....100
"
...,100
Consol.
365
190
348
800
168
Bid. Asa
BONDS
BONDS
Boston— Conoladed.
Baltimore— Conolu'd.
NewEng congen5s'45JAJ I...
•ieBrew asstpd; Bait) 10C
Va (State) 3s new.'33J4J
«% 7
"
18
N BCotYarn 5s 1939FAA • 108%
12
10C
Fnnd debt3-3s.1991.I4J
Pref., asst.jd
168% NBGas AC 1st 5s. .1937 » 51% 62% West N C oon 6s.l914 JAJ
ifarsesthAier (Bost) 1 0C 168
"
New
fez Telephone
If
Hng Tele 5s." 18 AAO {103
WestVaC4Plst6g.'llJ4J
5* 2*
6s
1907 AAO {103
NewBngGsAC! " ....
Wll 4 Weld 5s.. 1935 JAJ
!%
NYANBnglst7s.*05JAJ {111
New Hav I 4 8. (Phil) 5
Bond*- Philadelphia
"2%
AlleVyEext7sl910AA<i
lstmortOs.. ..1905 JAJ {107% 108
OldCol Mining (Bost) 26
2%
9% Boston Term'l 3%s 1 947
Bos Un Gas 1st 5s. '39 J4J
29
8,045
,
made.
UnCopLAM'g
" ..
Pr
6%
Domin Coal pf. (Bost)lOO 115 118
Dom Iron cfe S.U "
37% 88
Easton Con El. (Phil) 50
Edison El IU..(Bost)l00 356' 86 6"
(Phil)
70
••till
,,
Consolidated Mtw
Lake fupe:ior
Preferred
89
Dominion Coal
••••• Brie Telephone
68% Lehigh Coal 4 Navigation.
25% 86%
.
<fc
EleoCoof AmU
27
65
•64%
"
Highest
1
"
....100
"
.... 35
Camb.8teel,«13%oaid:ects.(Phlla.) .... 50
CeLtennlal Mining
(Boston),... 25
83% 32%
37% 88% "38% '38% •37%
28x 26% ae% 2j% 26% 86%
H% 11* •13 1*% 18 13
>••••• ••«*•!
"
Lowest.
59 851 Jan.
131 169)4 Jan.
80 388 July
864 190 May
60 141% Jan.
1
126 Jan.
1,709
9% Am;.
88 45
Keo.
98 139 Jan.
1.147 28% Jan.
8 -168
84 Jan.
778 77% Jan.
50 13)4 Jan.
88% Jan.
119 305 Jan.
2,247 69
May
S 1,888
13% Jan.
8,077 33 8-18Jan.35
13,300 19 Jan.
4
1,880
9% Jan. 3'
1,080 31% Jan. 3!
9,565 78% Jan.
4
39
83 Jan.
4
3,E3~ 24% June 10
1,3:0 15% Mar. 15
178 9z% Jan. 8
Amer. Telephone 4 Tel.Co..
Calumet 4 Heola
161
730
27
"
!..
,
Preferred'
25
9t>%
Palmetto Co.... (Phil) 26
%
to
ParrottS114Cop(Bost) 10
1
Penn HleoVeh. (Phil) 50
"
146%
Pref
50
Pennsyi Salt... "
50
Pennsyl Steel!
85*4
"
Pref!
100
39%
49
"
Phila Co
SO
13
PlantersComp!(Bost)100
166%
"
88
25 170
Qulnoy Mining.
4
"sa
Rhode Isl Min.. "
35
•15
Santa Ysabel G "
5
"
89
88
71
Seattle E'.< c rio
100
»:%
"
78
80
Pref...... ....
100
163
2
3usqaeI4S!..(Phll)
6
96)4
Tamarack Mln.(Bost) 25 343
Tidewater St.. (Phil) 10
6%
8%
108 103
38
Torrington"A"(Bost) 25
88
379%
"
Pref
25
20
Danv Bessemer ;Phii) lit
"
DeLong H E
10
Diam State St.. " 10
115
Preferred!
Amerioan Alkali
(Phlla.).... 50
Preferred, 110 paid
"
.... 60
,.
American Sugar Refining". (Boston). ...100
135
Osceola Mining.
MISCELLANEOUS.
AUouei Mlning(Bost) 35
Ajner.Cement.(Phll) 10
AmGcld Dredg(Bost) 10
Amer. 1. 4 8
(Phil) 50
ArnFneum?erviuost) 53
"
jrrei
60
,.,.,
"
Arcadian
25
Arnold Mining. "
35
"
Atlantic Min'g.
35
"
aaltlo Mining..
25
Beth Steel
(Phil) 50
Boston BlecLt.(Bost)100
Cambria Iron.. (Pbll) 50
33H
140
29% 29%
5% 8%
84% 84%
89
133
93% 93%
140
Shares
Miscellaneous Mtocks.
111% 118% Amalgamated Copper'
(Boston). ...100
89
Range of Bales in 1901.
MI8CBLL.—Conoluded.
Amer.Rallwajs(Phil) 50
All 4 Charlotte(Balt) 100
Pref
33
115
5)4
Week.
)
5)4
. . , •
no sale wa
INACTIVE STOCKS Bid.
BAILRO AD 8.— Prices Aug
ft'rmant'n Pass(Phil)
Hestonv
4T "
5%
70
.««•«•
laskedprloec
"29" "a 9%
Indicates unlisted.
Tf
,
•10
93% 93%
of the
1
*
•98
Hales
ACTIVE STOCKS.
itnllroiid Mtoeks.
•256% S67% Boston* Albany
(Boston)... .100
18u
180
Hoiton Elevated, full paid..
"
100
•840
Hoston A Lowell
"
....100
193
193
BostonAMalne
"
....100
•156
167 Chlo.Juno. A Un.Btook Yds.
"
....100
•180
Preferred
"
....100
Choc.Ok.AO. wairan's (w. I.) (Phlia.).... 50
53% 684 Preferred Tr. ceitf a
"
.... 50
144% 144% 8" ' ohb n rg pre!
{ Boston ) .... 1 00
8594 3194 Lehigh Valley
(Phila.)|.... 60
3719 87% Massachusetts Kleot. Co§. '.(Boston).., .100
93
93
Preferred !
....100
23% 3394 Mexloan Central
....100
•97% 9^% Northern Central
(Bait.) .... 50
208 208 Old Colony
(Boston) .... 100
71% 78 Pennsylvania
(Phlla.).... 50
20 3-16 3C% Reading Company
"
.... 50
88% 38H 1st preferred
"
.... 50
3d preferred
"
.... 50
27% 87)4 Seaboard Air Line
(Bait.) .,,.100
48
484 Preferred
"
....100
»'% 97% Union Paolflo
( Boston .... 1 00
89
89
Preferred
"
....100
8f% 8e% Union Traotlon, $17% paid. (Phlla.).... 50
•16* 169* United By 4 Hleo. Oo
(Bait.) .... 50
*»-% 96 West Hnd Street.
(Boston).... 50
80
89
88
183%
133
187 137
158% 159
790 736
181
3794
ae%
26% 36%
76
88
50
76
38
19% 10
96
%
188% 187% 180% 135)4 130
127% 187% 196
187)4 13H
aa% 1>%
86%
27%
808)4 3C8)4
71
71%
47)4 47*
93% 96)4 93%
88% 88)4 88
3H% 28% 8H%
16)4 ie% •18*
U0% IK
89
35)4
10
•97
8094 19% 30 3-io
38)4 37 13-16 8%
87
16% 16%
88)4
86% Bl %
9*% 98
•as% 88%
71%
36
87
144
l
87
93
SOS'*
19%
53* 58
"8s"
71
8794
W«
10
88)4
384
4**4 47%
4794 48
97* 9?% 9H* 96)4
83% 88% •87% 88
740
156
71 1-16 78
26 6-16
96
i*93*
15"
180
808
27% 87%
•3694
182%
80 n
sc%
88% 88%
>806% 86-%
180
180
166
-
1
'186*
53
98)4
181)4
Friday,
Aug. 9.
8.
158
144
•88
•97
*8s% 88%
357
Aug.
103% 193
36
98
257
180
841
7.
'240
54
88)4
Aug.
84
199
145
•68)4
144
35
38
98
10
Wednesday Thursday,
868
188
343
11
34
11
11
55
145
147
86
89
S.
Tuesday,
Aug. 6.
AAO
AAO
110
People's Tr tr certs 4s. '43
Phlla Eleo gold trust otfs
Trust certfs 4s
105
100
Penn Steel
lst5s.'17
MAN
187
"MM
116
94%
•
• t • a 1
•
••«
107
64% Kill
PhABr gen M 5g.'20 AAO 119
M
Gen M 4s g.. 1920 AAO 109 iu
131
Ph A Read 3d 5s.'33 AAv'
Consol M 7s.. 1911 JAL 187% 189
Con M 6s g... 1911 JAJt
Bit [ mp M4s g.'47 A4C
ConMof '88 4s.'37 JA^
181
108
106%
Terminal 5s g.1941 Q-l
PWilABait4s.l917AAi
Coliat trust 4s. 1931 JAJ 108
110
94% 95%
Bead Co gen 4s, 1997 JAJ
Rochester Ryoon5s.l930 10K%
SohRESidelstSs g'35JAD 110 111
Scran Trao 1st 6s '33MAN
UnTraoPltts gen5s'97JAJ
iis"
Weisbaohs f 5s 1930.JAD
iAnd interest.
n«
AUGUST
THE CHRONICLE.
10, 1901.]
%xmzs\mznl and %\iulvonA Intelligence.
RAILROAD EARNINGS.
The following table shows the gross earnings of evei y .steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of BgUTi
-ross earnings for the Latest week OX mouth, and the but two
columns the earnings for the period from Jul}' 1 to and including such latest we. or month.
The returns of tfte street railway* are brought togetht /
ratefo <>/< « subsequent page.
ft'otice Cliaii^c -Our yearly totals now all date from July 1.
I;
.
J.ittrst
HOADS
UVffc
or
Month
June.
Ala lit Southern IthwkJ'ly
May
Ala Midland
NO
O A No
Alti
ic
<fc
Ala
*
i
oxal-
a
P.
Ann Wash A Bal.
AtrhTop As 8 I'V
M
wk July
wk July
wk July
UhwkJ'ly
May
Mine
Atlanta & Char.. May
Atl Kuoxv A No. Inly
Atlanta*
w
Hay
ri
Atl Coast Line...
Atl Y.i'd A West. July
A Northw
A Ann S L.. May
A Ohio....
Austin
Halt
Bait
)
BA
Southw.
v
Bangor & Aroosl
Bath A Haminon
Bellefonte Cent'l July
Bridgt A Baoo R. May
Brunsw a West's Mav
Bull Koch A 1.1- •UhwkJ'ly
Bullalo ASusq... lay
Burl
Rap & No tthwkJ'ly
Canadian Pacific IthwkJ'ly
Cent'l of Georgia UhwkJ'ly
Cent'l New Eug..
Cent'l of N Jersey Fuue
Central Pacific. May
Pa A Weit May
Charleston A Sav May
Cent'l
Otaattan South'n. 3d wk July
A Ohio... IthwkJ'ly
Chesap
Chic & Alton Ry.
Chic Burl A Quiu
Chic A E Illinois.
Chi <U Western.
Chic l ml AL'v...
ChicMilw&St F
ChieA North W'n
Chic Peo & St L )
•
June
June
IthwkJ'ly
UhwkJ'ly
IthwkJ'ly
IthwkJ'ly
July
StLCh AStP>
Chic RI A Pao... June
cauc >t p m &o.
Chic Term Tr RR IthwkJ'ly
Choc Okl & Gulf. luly
ClnNO&TFac 3d wk July
Ciu Portsm A Va May
CICinChA StL. UhwkJ'ly
Peoria <teEast'n tthwkJ'ly
Clev i.or A Wheel UhwkJ'ly
Colorado A South
Col Newb & Lan. May
Col sand A Hoek 3d wk July
Cornwall ALeb..
Cuniberl d Val ey
Denver A Rio Or IthwkJ'ly
Denv A Southw. March
De.t & Mackinac. June.
DulSo8n&Atl.. UhwkJ'ly
E St L & Caroud July
Elgin Jol A East. .March
May
Eiic
E\ anav & Indian UhwkJ'ly
Evansv A TH... UhwkJ'ly
W
July
find Ft W &
Ft
A Denv City
A Rio Or... 3d wk J'ne
Ft
W
W
la
.
RR
A Fla.. July
Gila Val G A. N.. May
Or Trunk System IthwkJ'ly
Or Tr & Wost'n 2d wk July
Det Or HAM.. 2d wk July
Great North'n —
St P Minn AM. July
Ga
s mtli
East'nof Minn. July
Montana
Cent'l fuly
Total system. July
Dg Valley.. IthwkJ'ly
Ho ue A Tex Cent April
Illinois Central.. July
Illinois Southern July
lad Deo & West's Apiil
Ind 111 A Iowa...
int A Gt North'n UhwkJ'ly
WkJuly 20
Interoc (Mexj
Iowa Central
-IthwkJl'y
July
Kanawha A Mich 4th wk J' y
C Ft Scott A M id wk J'ne
A Binu •d wk J'ne
K
KCMem
Kan City A N W. May
Kan City South'n
Lehigh AHuilsoi, July
Lehigh Val KK
lune
.
Leh val Coa! Oo. lune
Lexing A East'n. June
Los Angel Term. March
Lou Hen A st L.. July
Louisv
Macon
<v
Nashv. IthwkJ'ly
& Birm...
Ban
July
Ciiirvnt
l'r,
vious
1 to
LaUst DOti
l.attst
HOADS
Currant
Year
Ytar
Ytar
*
12.887
62,562
68,274
t
14,927
47,250
68,909
190,631
171,317
950,861
1,000
9,000
62,000
27,000
12,000
49,lo
5,902
9,001)
2 l.ooo
42,829
139,962
July
Week
or .Month
*
•
19,68
87:
1
i
July
.Mexican Central IthwkJ'ly
ilezloan tntern'l June
Mexican Nat'l. IthwkJ'ly
.
83,000
1
1
1,577
59,
55,Ooo
L8.000
17,000
12 1.100
66
1,617,435 8,946,956 54,474,822 16,84 1,184
216,695 175,755 2,639,235 2,331,628
is,;)0(i
48,806
88,821
38,82]
5 1,079
691,033
48,803
655,387
718,479
766.842
15,105
14,375
6,966
22,174
21,384
8,135
4,033,036 3,784,306
127,337 110,543
1,523
1,629
4,332
2,317
8,245
3,088
57,433
54,691
is,",, 172
153.448
45,991
65,792
133,433 107,383
956,000 767,000
208,588 157,799
55,773
62,797
1,503,780 .353.217
1,816,161 1,420,707
2,071
1,754
63.957
66,098
2,031
2,439
494,416 410,220
69(i,K;n
757.728
4,088,957 3,994,910
130,682
1 18,905
227,803 163,515
133,751
94,339
1,321,782 1,110,024
3,013,102 3,688,173
7,881,653
22,174
230,02-
2,127,325
837,0 Ki
43,520
458,571
95,645
33.735
590.887
78,-469
63,948
493,041
11,877
22.147
31,160
95,228
331,000
177,326
80.033
101,532
12,048
194,451
3,641,472
9,615
42,682
10,695
166,918
7,939
117,786
102,592
82,824
793,310
69,748
20,999
M
St
South'ii
A
PA
Ho Kun
St L.
8 St M
&
Texas
Pac A Iron Ml
Central Branch
l.i
Total
Mob Jack A K
C.
Mobile* Ohio...
Mont A MexOult
NashCh A StL..
1,449,451
89,231
4,332
36,95(,
617,659
532,449
659,33s
387,246
2,824,000
571,943
711,759
18,005,900
21.616
696,217
5,143
1,323,902
9,030,055
50,051,988
(
in
i
,
IOUS
nt
Ytar
39,1 L3
2,317
36,088
•130.197
150,14
19H.992
43,892
1
1
2.703
YSusq A West May
Norfolk & West' UhwkJ'ly
X
609, si<)
5
11
503,070
213,772
103,114
007,202
Ala Midland... May
68,274
Bruns& W'n...
May
Chas ASav
sav Fla AW...
SilSOcAO.... May
54,691
66,098
•127,919
4,371,206
3,056,457
11,043
591.077
1,413,816
316,262
223.900
170,810
6,013
74,869
6,133,087
1,983,240
305,391
4,753,066
34,340
1
1,723,400
366,257
171,191
2,263,848
380,922
8,398,1 10
2,636,890
9,269
505,007
1,136,178
21)1,079
4,84
I
66,371
$9,690
1,638.776
360,5 lo
4,098,070
A
Read.... May
Air Co.... May
Tot both Co's.. May
Rich Fr'ksb A P May
Phil
Coal
.
IthwkJ'ly
July
July
8t L Southwest
4thwkJ'ly
..
StLVan&TH.. July
San Ant A A P... May
San Fran AN P.. June
SFe PresAPh... 3d wk July
Sav Fla A West.. May
Seaboard Air L.. 4thwkJ'ly
A So
Sher Shrev
.
6.953
1st
wkMay
SilSprsO&G... Mav
So C A Ga Ext
July
So Haven A East. June..
Southern Ind
July
so Miss A Ark...
So Pacific Co 6...
Austin A No'n
Cent Paciiie
GaiHar A S A.
GultW.
T.
A P.
May
May
May
Hous. E. A AM April
Hous. A Shrev. April
Hous ATex Cen April
Louis'a West... May
Morgan's L & T May
1
.
•
N Y T AMex
Tex
..
AN Oil....
So Pac of Cal
So Pac of Ariz.
So Pac of N
Southern Rallw'y
TerreH A Ind ...
Terre H A Peor..
Texas Central .
.
M
.
.
May
May
May
May
•IthwkJ'ly
July
July
UhwkJ'ly
A Pacific.. UhwkJ'ly
TexS V AN W .. June
TexaB
& Ohio Cent
IthwkJ'ly
IthwkJ'ly
LAW..... 4thwkJ*ly
P& West
Tol
Tol St
....
Tor Ham A- Buff. May
Union Pac RR.
Oreg RR
\
>reg Sh Line. )
29,003
5,940,096
5,322.884
'.024
'.,079
242,300
<•
4 2.532
251,296
36
911,961
2,455,000
133,000
2,588,000
13,150
5,990,603
110,462
0600,550
17,742
5,391,395
4,963,488
1,191,59(1
2.388
1,191,599 l.i 83,839
7,996,348 7,885,248
2,012,102 1,-17,474
95,250
92378
4,670,709 4,75 1,069
2,513,761 3,3o
89,585,211 80,595,1 12
569.071
505.774
033,358
743. 92()
5,577,187 5,151,-10
11,651.1 19 11.0-1,019
1.50 1,384
1 ,757,753
19,363,268 19.371.075
2,077,271 1,936.742
1,180,378 1,100.881
41-1,810
357,005
393,786
311,651
393,464
18,614
68,909
57,433
63,957
350,608
30,053
950,861
617,659
696,217
4,753,466
200,056
872,757
635,-37
027,098
4,075,698
260,986
&S
2,574,734 2,329,242 25,720,336 24,441,528
2,840,616 1,817,801 26,315,337 15,573,891
5,415,350 1,1 17,043 52,035,073 50,015,419
960,75s
885,108
121,953 113, old
40,231
433,3 11
380,426
41,145
43,9-9
14,105
42,540
13,974
3-9,900
429,10()
141,700 1 5,800
130,633
106,427
130,633 106.127
11,122
11,122
8,904
8,904
75,862
7,100
16,558
98,862
688,455
901.591
333,127 232,675
50"
177.012 15 1, !so
467,835
159,354
170.902
170,962 159,351
189,664
147,889 2,486,639 2,013,102
9 5 -,114
102.218
95,555 1,039,000
56,160
19,02
58,115
18,592
350,008 4,753,466 4,075,098
393,101
266,379 212,207
3, SOI
354,115
715,295
15,897
200,050
260,986
18,61
30,053
18 390
18,389
5.109
5,522
27.977
47.170
47,270
27,977
157.180
12
206,348
16,4
12,802
7,142.131 5,402,859 72.ls-.705 02,935.706
143,174
230,028
21,384
14,375
1,816,101 1,420,707 18,005,906 L6.936.666
OSl.io;-!
513,016 6,368,279 5,757,303
7,071
10,386
01.150
44,869
8,0 15
14,047
374.057 230,130 4,371,266 3,398.116
153,701
107,681 1,584,956 1.11 1.109
551, si:; 7, 117. lo;/ 6,559.522
705,884
209,-57
277,345
22,329
27,004
272,301
172,980 2,581,153 1. 739,901
17.573,190
16,121,210
1!)
1,751.1
1,390,265
420,613 3O2.505 4,052,835 3,435,990
258,925 171.1 11 2,234,607 1,-15,002
900.155 846,303 2,807,607 2, 00-, 557
124,701
110,919 124,701
126,919
39,379
45.990
45,991
39,379
28,0;
38,921
7,186
8,332
207,1-5 220,107
739,362
138,8CK
110
9,501
202,051
oo.7s:;
210.0 15
87,780
102, 102
93,908
30,257
32,081
201.991
16;
57. -Mi
75,35
29,938
86,722
1
1
i
1
1
•
3,759,142 3.300,11
1
43,639,201 39,31
:
<
WVCeu A
,394
4th wlc.I'ly
StL AN Ark
May
St L A San Fran IthwkJ'ly
W Jersev A
2,050,209
March
Rio Grande Jet..
Rio Grande So...
Rio Gr'de West..
St Jos A Or I
St LKen'et A So.
Wabash
312,176
91.012
1,30 1,121
5,637,090
010,601
596,506
230,100
51,908
294,086
426,938
1,255,046
3,075,ooo
155,000
3,230,000
Heading Co
218,770
165,369 Tol
1
357,879
128,104
57.040
2,287.930
8,526
3,072
5,391,395
425,278
162,189
380, 120
052,101
638,445
82,132
*
10,727
1,322.164
5,041,793
9
12,007
System-
Plant
,050
1
1
<"U«
Year
%
10,727
426,409
439,468
183,890
56,240
84,000
12,472
80,703
108,893
310,080
957,000
12,007
379,245
3 5.638
3,582,038 3,220,307
43,323,515 43,003,073
2,060,188
463,529
155,841
2,679,558
rent
.
•107,0
J.aUH
Ytar
Northern Central June
635,837 North'n Pacific. </ 3d wk July
708,650
3d wk July
32,315
475,686 Ohio River
430,046 451,130
686,609 Pacific Coast Co. May
355,710 Pacific Mail
1 85,475
355,867
2,471,170 Pennsylvania^ . June
7,804,035 7,192,835
523,081 I'enu A North w'n April
47,38)
60,298
704,092 Pore Marquette. IthwkJ'ly 248,423 207,993
May
551,5 10
Phlla A Erie
589,394
1,053,117 L,018,217
16,936,666 PhilaWilm AB.. June
5 1,012
22,027 Pitts Bess A LE. Ithwk Mar
47,782
1,589,8(11 1,528,787
627,098 Pittsb C
A St L June
0,259 Plttsb As West'n.
223,231
180,582
Pittsb CI A Tol
128,978 115,270
1,198,634
7,790,1 19
Pittsb Pa A F.. May
41,237
46,502
Total system... 4thwkJ'ly
47,535,420
131,206 103,884
462,622
to
Wk July 20
74,500
10,375
3d wit July
IthwkJ'ly
95
IthwkJ'ly 131,803
ithwkJ'ly
1
3,046
4thwkJ'lv 1,23 1,00(1
65,000
5 ,000
4thwkJ'ly
4thwkJ'ly 1,299,000 1,011,000
Wk Aug. 3
3,1 16
2,035
14,1 11
June
e 458,500 e 463,200 e6,107,500
9 1,873
July
110,102
94,873
July
0625,205 0600,550 o625,205
Nevada Central..
N Y & Hud Rtv
1,230,423 N YOnt& West.
108.792
90.171
90,174
2,001,490 26,833,055 24,012,500
788.464 10,664,777 10,394,671
133,376
118,505
36,468
241,170
241,476
458,571
274,11s
275,294
93,112
329,021
31,222
360,260
454,215 1,596,279 1,362,646
170,-70
204,539
56,957
109, SOU
204,820
51,686
375,611 4,794,649 4,237,743
161.1 Os
12,462
162,919
65,929
22,284
63,994
26,816
279,877
299,497
98,880 1,080,877 1,016,366
921,500
306,300 1,023,800
223,915 1,789,260 1,867,966
880,746
88,742
833,619
89,049
255,627
244,427
11,723
12,048
11,723
158,048 1,483,362 1,432,497
3,151,116 35,549,095 31,1)00,779
8,488
29,225
25,293
120,128
109,477
37,845
8.345
10,695
8,345
127,468 2,099,525 1,613.850
649,095
6,721
471,098
117,460 1,834,679 1,65s, :;;;;>
99,002
102,592
99,002
335,771
45,617
338,1T_'
700,389 2,365,970 2,177,198
157,527
80,747
138,065
43,877
20,181
45,381
2,060,188 1,723,400
463,529 366,257
155,841 174,191
2,263,848
105,608
87,905
374,657 230,436
3,056,457 2,636,890
11,043
9,26!)
51,965
53,410
149.168 100,873
113,617
98,604
70,100
71,520
55,927
56,177
6,013
4,844
26,528
22,593
97,374
95,483
25.090
26,087
10,735
27,197
402,213 329,471
34,340
38,660
2,312,! 3 2,265,077
1,858,374 1,823,506
34,217
85,134
15,301
10,589
57,010
55,394
777,325 638,354
8,526
6,951
Mexican Ry
Mexican
Minneap
17,124,331) 12,783,108
1
103,792
7,586,746
15.105
143,171
Mexican North'n May
July 1
Gross Earning*
»
JOO
Pac Juno.
Bast 2d
Vicksb'g 2d
Vlokab sn
Ann Arbor
GhroM
UhwkJ'ly
Sea
i
Pitt..
Mav
Western of Ala.. Mav
Wisconsin Cent., lal wkAutr
*rightsv A T'u.. June
Yazoo & Miss V.. July
515.971
328,924
101,007
59.047
462,217
326
107,912
27O.071
109. 5o<
219
103,276
8.374
11,454
386,131
310,711
l.v
1,350.103
-
1,082,308
989,522
76
27<
68
60S
1.140
109. 193
310,<li.
159
* Figures for July are lor the railroad only.
Covers results on lines directly operated east of Pittsburg.
1ncludes Chesapeake A Ohio boutliwestem. Ohio Valley and ihloago and Texas tot both years.
| Mexican currency.
olncludes Paducah A Memphis Division from Julv 1 in both years.
b Includes the Houston A Texas Central and its subsidiary lines.
Earnings ot the Cromwell Steamship Line, not previously reported, are
now also included.
c Results on Montgomery Division are included in both years.
d Includes si. Paul A luiluth tor both years.
e Includes results on Sher. Shrev. & Southern, Mo Midland and San Antonio extension for this year, but not for last } ear.
§
1
(
THE CHRONICLE.
284
Totals for Fiscal Year.
In the full page .statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the following.
[Vol. LXXI1I.
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of July 20, 1901.
The next will appear in the issue of August 24, 1901.
Latest Cross Earning*.
Roads.
Period.
Atlunt » A Charlotte Atr Line.
Bellefonte Central
Burlington Cedar Rap. A No.
Central of New Jersey
Chloago A North- Western....
Chicago Rook Island & Pao..
Apr.
Jan.
Jan.
Jan.
J <ine
Apr.
Jan.
1 to
31
1 to July 31
1 to July 31
1 to June 30
1 to June 80
1 to
Ohio. 8t. P. Minn. A Omaha.
Choctaw Oklahoma & Gulf.. Nov.
1 to
(Cumberland Valley
1 to
Denver A Southwestern
Duluth South 8ho. A Atlantic
East St Louis <k Oarondelet.
Ft.
Worth & Denver City
Gila Valley Globe A North'n.
International A Gt. North'n.
Lehigh Valley RR
Lehigh Valley Coal
Manlstlque
Mexican Central
Mexican
Mexican
Mexloan
Mexioan
International
National
Railway
Southern.
Missouri Pacific
Central Branch
Total
Monterey & Mexican
Northern Central
Ohio River
Gull....
Jan.
Deo.
Jan.
Jan.
Jan.
Jan.
Jan.
Deo.
Deo.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
May
Pacific Mall
Pennsylvania
Jan.
Pennsylvania & Northwes'n. Jan.
Pere Marquette
Jan.
Philadelphia
&
Erie
Phila. Wllm'g'n & Baltimore.
Pitts. Clncln. Chic & St. L...
Rio Grande J unction
St. L. Vandalla & Terre H....
& Eastern
South. Missouri & Arkansas..
Terre Haute & Indianapolis..
Terre Haute A reorla
Texas & Paolflo
West Jersey & Seashore
South Haven
Jan.
Nov.
Jan.
Deo.
Nov.
Jan.
Jan.
Nov.
Nov.
Jan.
Jan.
May
1
June 30
June a«>
to July 31
June
:-0
Mar. 31
1 to July 31
1 to July 31
1 to June 30
1 to
Current
Previom
Tear.
Tear.
430,375
26,829
2,743,182
8,093,617
3,913.102
6 324,259
4.824 498
3,612.941
495.40T
766.-I6)
84
V 49
26,2rtJ
2 593.485
7,389,590
3,688,178
5 ,557,2'
S
9
62.562
49,104
185,172
133,433
956,000
208.588
494,416
130,682
227,803
133.751
1.321,782
43.526
590,887
78,469
63,948
331,000
101.532
9,615
42,68 i
47.250
42,829
153,448
107,383
767,000
157.799
410,220
118.905
163,515
94,33
1,110,024
36,4? 8
454,215
56,957
51,686
306, c 00
89,019
8.488
37.845
15.312
6,276
31.724
26,050
189.000
50,789
81,196
11.777
64,288
39,412
211.758
7.058
136,672
21,512
12,262
24,700
12,483
1,127
4,837
793,310
700,389
92,921
105,608
113.647
55.927
26,528
777.325
436,497
199,992
95,58 131,803
458,016
1,234,000
65,000
3,147
463,114
248,423
131,206
14,105
141.700
333.127
177.042
266,379
960,255
8,332
87,905
98,604
56,177
22,593
638,354
426,409
183,890
80,703
108,893
326,080
957,000
54,000
17,703
15,043
Increase.
1,721,452
Atlantic Coast L a June
718,479
July 1 to June 3o .. 7,881,658
Ann Arbor
Buffalo Rooh. A
Borl. Ced. Rao. A North
Canadian Paolflo
Central of Georgia
P1tr.Rb\-
—
lesaoeake A Ohio
Chicago & East. Illinois.
Ohio. Great Western
OHio.Indlan'lls A Loulsv
OHicaeo Milw. A St. Pan
Ohio. Term Transfer ...
O
&8t. L.
Peoria & Eastern
Clev. Lorain <fe Wheel 'g..
Denver * Rio Grand*..
Duluth So. Shore & At..
Clev. Cin. Chlo.
iBvansv.
tfvansv.
*
Indianapolis,
<b Terre Haute
i
Grand Trunk...
Grand Trunk Western >
Det. Gr.Hav. A Milw.
Hooking Valley
...
A Gt. Northern.
Towa Central
Kanawha A Michigan
Intern'1
.
.
A
Nashville .
Mexioan Central. . .......
Louisville
Mexloan National....
Minneapolis A St. Loni«
Minn. St. P. A 8. Ste. M.
Ma. Kansas A Texas
>o. Paolflo
A
IronMt...
Central Branoh
..
Mob. Jackson A K. City
.
Norfolk & Western
Pere Maranette. .........
Pittsburg & Western.....
Rio Grande Southern
Rio Grande Western.....
Bt Louis A San Fran .
St. Louis Southwestern..
Seaboard Air Line
.
Southern Railway.. ....
Texas Central
exas & Pacific...
Toledo & Ohio Central...
Toledo Peoria A West'n
Tol. st. L. A West.
.i
.
W AUcUBU*
•
•••. >.••<
*•
Wisconsin Central.. .....
Total {51 roads) .......
Netlncrease (20 45 p. 0.).
267,1 8^
87,780
32,081
75,354
845,974
159,000
-
•
16,672
396,832
7,586,746
263.064
2,904,824
345.378
3,017,943
Bangor AAroost'lr.. June
127,337
July 1 to June So ... 1,449,454
110.S43
1,230,423
45,263
541,043
38,970
488,085
Cent, of Georgia. a. June
July 1 to June oo
477,100
6,920.715
407,600
6,086.263
73,233
1,927,157
1,879,858
757.728
June
June 3o .. 9,036,655
696,160
7,796,449
254,152
3,110,560
2,964,627
b76350
Deer east
416
11,268.385
...
..i
....
Chloago
July
Ohio.
&
July
A Alton a
.
1 to
448,611
East. 111. b.. June
1 to June 30
5,639,446
R.I.&Pao a .June
Apr. lto June 30
.... ....
....
..-
392,255
185,429
147,659
5,148,839 2,413,686 2,289,876
2,127,325 2.001,490
6,324,259 5,557,278
595,901
539.996
1,704,939
1,475,540
Jhoctaw Okl.&O.b June
Nov. 1 to June 30
377,977
3,154,370
261,313
2,090,776
101.430
1,171,433
84,235
655,543
A T.
440,579
5,045,596
411.576
5,124,24
I
116,332
1.299,827
105.912
1,421,658
493,041
4,794,649
375,611
4,237,743
164.260
75,113
1,286,779
1,101,891
2,010,683
4,004,800
1,970,693
3,412,627
943,511
932,437
1,829,198
l,t03,52l
ihlo.
P.a. June
June 30
C dorado South... b. June
July 1 to June 30
Del. Lack. A Western b—
Apr. 1 to June 30
Jan. 1 to June 30....
Olu. N. O.
July
1 to
8yr. Bing. A N. Y.b—
Apr. 1 to June 30 ...
Jan. 1 to June 30
Oeov. & Rio G'i«-.h. June
July 1 to June
m
oetrolt
& Maok'c.aJune
July 1 to June 3o
Evans. A Indian b June
July 1 to June 3o
Evans. A T. H. b Jiuit
July 1 to June 30
nilnots Central ..a. June
July 1 to June 30
Indiana 111. & Ia.b June
July lto June 30
Kan. City South. a June
July 1 to June 30
Mexloan National. June
. .
.
Jan. 1 to June 30
N. Y. Chic. &8t. L.b—
Apr. 1 t>i June 30
Jan. 1 to June 30
* V <»nt. <fe West. a June
July 1 to June 30
Coast
July 1 to
Yazoo & Miss
July 1 to
Paolflo
261,194
161,903
111,787
279,587
197,949
453,356
387.206
917,052
329,398
11,452,403 10,246.030 4,328,50o 3,760,241
F 0,033
88,742
16,511
32.397
253.464
833,619
259,529
880,746
24,667
559
21,925
4.641
89,433
122,891
318,555
355,800
114,887
119,609
49,680
53,658
647,556
658,879
1,439.859 1,430,008
642,707
550,071
2,910,434 2,771,759
36,900,460 32,611.967 11,058,668 9,742,572
106.879
77,323
47,553
149.168
560,753
384,564
1,413,816 1,136,178
27,178
402,243
329,471
101.328
688,406
4,753,066 4,098,070 1,239,245
682,454 C248.455
349,990
659.959
3,926,477 4,060.226 cl, 540, 333 1,945,875
298,080
527,790
9*9,252
1,797,056
3,632,583
503,070
5,322,884
430.046
Co..aMay
4.670,709
May 31
362,843
Val a June
June 30
6,127,942
524,320
388,916
1,583,683
959.031
757,570
3,313,722
425,278
155,904
116,819
4,963,483 1,545.747 1,548,566
4-4,230
107,149
113.827
4,754.069 l,025,b99 1,277,770
15,864
317,162 def.21,483
5,300,890 2,059,690 1,905,176
b Net earnings hern given are before deduotlng taxes
c Of the balance here given there was charged oft for repairs,
replacements aid general expenses in June $i9,675, leaving
$208,780 applioab e to interest on bonds. From January I to fune
30 there was charged off for this purpose $233,486, leaving a
balance of $1,306, «47. These tlgnres are in Mexioan ourrenoy, and are
convertible Into gold at the current rate of exchange.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report oharges for interest, &c, with the surplus
above or deficit below those oharges.
--Bal. of Net Barn's.—
Int., rentals, etc.
Current Previous
Current Previous
—
,
250
Tear.
Tear.
.
>
Tear.
9
9
9
-89,286
129,462
116,099
Ohio. & E. Illinois.. June
July 1 to June 3o... 1,564,783 1,514,393 '1,067,966
318,<>93
266,901
319,000
Ohio. R. Isl.APac.Jiuie
747,939
950,992
957,000
Apr. 1 to June jO
50,402
43,722
51.028
Ohoo. Okla. A Gulf June
787,977
325,224
383.456
Nov. 1 to June 30...
Del. Lack. & West.—
325,052
598,804
618,459
Apr. 1 to June 30
591,215
1,237,983 1,206,307
Jan. 1 to June 30
Road*
—
•
--* 111!
1,824
17,495
83,757
19,608
2,308,393
2.301.043
253,036
.
4,100
100.452
22,8*2
24,172
113,952
1,146
47,078
20,997
75,755
a Net earnings here given are after deduotlng taxes.
3,93-
82,994
40.430
27,322
131
7f:6,842
466,906
138.971
10,088
16,102
14,*86
22,910
131,966
277,000
11,000
2,731
148 683
521
9,616
....
380,120
207,993
103,884
13,974
145,800
232.676
154,180
242,207
846,303
7.186
220,107
66,783
30,257
57,859
462,217
139,392
Tear.
1,829
7.525
9
•
S
»
26.726
446,984
.
Alabama Gt. Southern.
Tear.
Roads.
%
Ann Aroor.b
137,482
June
July 1 to June 30
1,754,147
s
2,317
26,286
1
1900.
Tear.
Net Earnings.
Current
Previous
.
4.332
26,829
1,424.151 1.486,713
90,144
93,044
1.020.S31
728.393
14*.478
155.504
1 to May 31
1 to July 81
2.516,866 2,105.240
1 to June 30 1^,475,58~ 14.209,^58
1 to June 3(- 12,720 995 10,312,332
70,840
74,920
lto July 31
1 to July 31 10 2?<\710 10.302,138
1 to June 30
2.930.139 2,672,027
1 to July 31
4,453,138 4,669.250
1 to July 20 2,434.700 2,603,200
299,721
1 to July 21
291,217
1 to July 3 19.013,958 16,247,196
1 to July 3
746,437
741,311
1 to July 31 20 284,999 17,444,205
76-J.887
1 to July 31
805,733
1 to June 30 3,950.694 3,79^,994
753,104
729,624
1 to July 23
1 to Apr. 30 3,071,166 3.817,620
1 to June 80 44 ,8 1 0,6 11 40,821,311
225,526
227,045
1 to Apr. 30
1 to July 31 5.007.5H7 4 477,203
2,387,061 2,074,924
1 to May 81
1 to June 30 7,678,273 7,350.373
1 to June 3t> 9,751.057 9,383,514
58,920
148,087
1 to Mar. 31
1 to July 3
1,482,697 1,414,077
24,523
20.521
1 to June 30
103,47'
81,209
1 to June 30
1 to July 31 1,142,969 1,181,545
401,662
349,865
1 to July 31
6.271,478 4,642,090
1 to July 31
1.492,752
1.401,152
1 to June 30
1901.
Tear.
.
Belief onte Central bJuly
Jan. 1 to July 31....
last year.
4ih week of July
dross Earnings.
Current
Previous
4,501,721
2.^82.252
Latest Gross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the latest
week.
The table covers the fourth week of July and
shows 20*45 per cent increase in the aggregate over the
same week
•
4.350
Syr. Bing. AN. Y.Apr. 1 to June 30
Jan. 1 to June 30
oen. 4 R. Graiwe ..June
July 1 to June 30..
Ind. 111. A Iowa.... June
44,905
89,810
190,805
2,333,939
22,845
N. Y. Chic. & St. LouisApr. 1 to June 30....
Jan. 1 to June 30....
300,946
615,242
44,9 35
8i*,810
Tear.
9
34,855
990,372
222,998
524,548
4 0,513
330,319
333.633
302,214
116.998
189,777
J 197,050
66,882
108,139
231,123
94,553
168,268
.132,217
191,234
2,358,744 12,053,422 ;l,49l,462
28,948
54,483
18,605
302,453
603,623
'356,098
Ext These figures are after making deductions for Discount and
change. After deducting $10,000 for Renewal Fund and Bond
Conversion In Jui e, 1901, and $15,000 In June, 1900, the surplus for
the month is $187,050, against $117,217 a year ago; from July 1 to
June 30, 1901, the deduction for this purpose was $140,000, against
$180,000 In 1900, leaving surplus for this year $1,913,422, against
$1,314,462 a year ago.
August
10,
THE CHRONICLE.
1901. J
ANNUAL REPORTS.
8TKEET RAILWAYS AND TRACTION COMPANIES.
The following table shows the groaa earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for he
latest week or month, and the last two oolumns the earnings
for the oalendar year from January 1 to and inoluding mich
latest week or month.
Chicago
('Report for the year ending
—
of President
The remarks
yon.
Gross
Prev'us
Week or Mo Oufnt
Tear.
Tear.
Karninob.
1
to
$
79,787
21.155
June
Br'klyn Rap.Tr. Oo.
Chicago A Mil. Eleo.. June
i
73,299
17.201
1.181,023 1.105.008
:
OPERATIONS AND FISCAL RESULTS.
1P98-99.
1899-00.
1900 01.
Lai,
it
Putt
A Cot
Newp.
.
5,303
5,077
5.071
Previout
l,ocoiiiotl>es...
1,060
1,060
1,010
Tear.
l'assenger oars.
Freight oars
Work oars, etc
939
923
41.7)9
78
37,13.1
1,010
853
36,633
78
75
9
377,116
90,689
S
355.764
82.520
6,963.'<!40 6,848.155
65,462
53.1*7
384.638 369,938
20.265
19.204
1,054,291! 965.797
.
.
Herkimer Mohawk II
Internat'l Traction—
(Buffalo)
May
May
Lehigh Traction
June
lonAF'kfortEl.Ry.
London St. Ry.(Oan.) May
Lorain A Cleveland. June
Mad.(Wls.) Elect. Ry. June
June
Mass. Eleo. Co.'s
Montreal Street Ry.
Muscatine St. Ry
June
NewburgSt. Ry
New Castle Traotlon. June
New London St. Ry June
.
Northern Ohio Traot.
Ogdensburg St. Ry.. June
Olean St. Ry
Philadelphia Comp'y
Pottsv'e Union Trao.
Traction..
Sacramento Electric
31,248
174,077
159,867
4,508
4,146
21,834
21,768
22.548
1,546
23,277
Light Co's
Richmond
12,253
37,192
283,403 203,389 1,222,274 1,007,490
11.401
59,679
9,480
52,774
10.00H
7.345
9,633
9,654
7.599
31.861
6.165
577.362 527.731 2,540,521 2,436,796
180.371 168.245
895,869 839,068
5,545
5,380
10.936
40.«10
41,783
9,828
1 2,947
56.020
62 094
16,007
7.493
6.315
25,487
22,025
58 192 47,566 256,105
212,755
2.257
8,599
2,140
8,977
3.750
14.754
18.773
3£05
182,385 154.263 1,718,860 1,440,463
17,401 13,928
76,303
62,649
Railways Oo.Gen.—
Roads
June
19,016
91,744
9,9)8
103.230
97,071
A Ry
34.473 2J.936
198,815 180,162
505,723 t)J41,ri61 3 292,361 2,306,945
July
St. Louis Transit
59,927 52,»72
310,527 285,447
acranton Railway.
29.905 25.818
142.956 126 640
Southern Ohio Tract. June
23.784
31,741
164,856 134,486
Taooma Ry. A Power June
3d wk July 34,605 28,976 847,808 772,688
Toronto Ry.
279,276 239 404 1,457,533 1,825,799
Twin City Rap. Tran June
25,343 21,391
120,169 110,911
Onion (N. Bedford)..
Union Traotlon Oo.
60,392 o7,995
264,047 169,414
(Anderson. Ind)... May
$lnc. 15 ,S30
$Inc. 39, 705
United P. A Transp
United Traction
125.784 119,246 621,927 638,745
Albany Cltj
ity 5
968.085 912,007
184,607 171,244
United Traot. (Pitts.)
249.650 211.250
United Tract. (Pro v.) June
Gas
.
.
i
These are results for properties owned
t
Strike In July. 1900.
41,718
78
week.
Qross Earnings.
Current Previous
Tear.
Tear.
.
Roads.
.
,
—
Net Earnings.
Current Previous
Tear.
9
Tear.
9
265,825
768,913
9,633
10,936
98,336
247,990
731,948
9,654
9,828
93,457
9
147,338
403,568
6,184
5,290
43,715
133,519
379,448
5,657
4,815
42,432
142,806
489,015
134,290
462,843
76,565
223.679
72,971
212,337
308,447
1,336,625
334,712
1,306,857
93,959
422,652
116,279
465.735
Cons.Tr.(Pittt-b.).b.June
Apr. 1 to June 30
Lorain A Cleve. Ry. June
Newbnrg Eleotrlc. June
July 1 to June 30
New
York. A Queens Co.bApr. l'to June 30....
July 1 to June 30
United Trao (Albany)—
Apr. 1 to June 30....
July 1 to June 30
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given Id
the foregoing, also report charges for interest, &c, with the
surplus or deficit above or below those charges.
1
Int., rental*, etc.
Current
Tear.
Roads.
Cons. Trao. (Plttsb.) June
Apr. 1 to June 30
$
63.412
190.W97
43,389
173,739
.
Previous
Tear.
9
*-Bat.of Set Barn's
Previout
Current
-
Tear.
Tear.
July
l
to
June 30
60,719
240,252
61,240
184,632
1100,851
1280,507
44,509
142,7*9
*34,489
•55,222
•29,956
•75.212
*
1'asa'r mileage.
Rate p. passen-
59.209
246,746
15,225.027
16,94 4,372
16, «87,841
14,036,388
483,273,218 454,614,457 416,384,i64 360,562,986
1-98 Cts.
1-91 ots.
201 ota.
2 01 OU.
ger per mile.
Freight (tons)
25,442,21!)
21.081,613
25,271,726
19,693,684
moved..
Freight (tons)
3701.417,722 3849,367,760 3229.327,820 3030,610.176
mileage
0*83 ots.
087 cts.
085 ots.
89 eta.
Rate p. ton mile
$
Earnings—
$
$
$
9,718.191
31,304,915
2.015,451
9,002,688
32,008.684
1,939,433
8,067,627
28,155,677
1,793,010
7,256,299
27.035,105
1,759.156
Total earns.
ExpensesMaln.orway,Ao.
43.093,587
42,960,805
38,016,314
36,050,561
5,540.099
Malnt. of equip.
Ojnd'gtr'nsp'n.
3,8 i5,974
15,591,635
864,062
1,878,309
5,592,176
4,350,325
15,046.731
785,177
1,219,604
4,782,470
5,071,972
18,093,219
760,381
1,170,672
4,946.494
4,245.533
12,678,050
773,808
1,102,606
27,229,998
15,868,589
26,994,013
15,956,792
24,828.714
13,187,600
65-31
23,746,486
12,804.075
Passenger
Freight
Mall, exp., etc..
General
Taxes
A stamps
Total
Net earnings...
6285
6318
P.o.exp.toearn.
INCOME ACCOUNT.
1900-01.
189900.
Receipts Net earnings..
Investments...
Total
1898 99.
$
6587
1897-98.
$
15,868,589
577,080
16,966,792
529,790
13,187,600
543,977
12,301,075
456.935
16,445,669
16,486,532
13,731,577
12,761,010
6,069,386
6,232,235
6,488,605
153.140
3,914,394
138,746
3,523,270
202,000
320,000
3,519,824
197,260
10,096.251
3,635,327
10,525,689
2,235,322
Disbursements—
6,324,752
Net int. on debtH
Int. on bds. paid
74,630
in advanoe*...
Dividends! . ...
Sinking fund
Approprlat'd for
realestate.oonstruclion, AC.
8,914,394
225,000
202,500
)
4,169,526
4,542,011
Tot. disb'm'ts. 14,703,302
1,787,367
Balance, surplus
14,8 31,461
1,€03,121
Is interest paid in advanoe of maturity on bonds refunded into
per oent bonds of 1987.
X Paid 7 per cent on preferred in all the years; on common 6 per oent
in 1899 00 and 190100; 5 per oent In previous years.
Tills Is interest on bonds less dividend on "Omaha" stock and
balance to oredit of " Interest and exchange"— $842,600 In 1900-01.
•This
34
li
OBNEBAL BALANCE SHEET MAT
1901.
A
S'S'f*/
S
<fe
ft
1899.
1898.
ft
ft
4«
equipment. 184,310,554 182,061,957 174,353,318 175,498,009
General assetsBonds, stocks and
advances
*32,830, c 20
and
2,784,71
2,36 1 ,550
2,407,171
9,768,216
acots. rec.
Materials, fuel, &o. .
Bills
31.
1900.
Cash on hand
Sinking fuudd
31,707,477
2.S32.413
2,826,922
4.587,540
9.369,157
30,231,418
2,451.689
1,039.021
4,218,994
8,975,323
28,185,640
2,136,794
1,818,471
4,205,227
8,590,352
Total
234,463,023 233,385,498 221,269,763 220,431,494
Liabilities—
Stock, common
41,448.365 41,448.366 41,448,366 •11,420,365
Stock, preferred.... 22.S98.956 22,398,9 15 22,398,954 *2,370,955
Bonded debt..
145,264,000 144,833,000 134.645,000 133,645,000
Dividends declared. 1,565,285
1,565,285
1,369,723
1,368,532
Sinking funds paid A
acoretlons thereto 9,768,215
9,369,157
8,975,822
8,590,352
Current bills, payrolls, &o
3,503.633
5,179,399
3.256,018
2,674,899
Unool. coupons, Ac
157.630
158,584
139.474
137.001
Con sol. Coal Co
Dr.ijS/64
Dr. 16,644
17,030
16,169
Accrued and accruing Interest
General liabilities..
Land Income aoct...
Rbt. Income account
Total
1,740,748
118,605
626,786
8,028,966
1,778/81
1,712.431
1,785,551
242,893
136,222
6,291,598
2.620,964
4,686,479
2,3:4.517
6,081,153
234,463,023 233,385,496 221,269,763 220,434,494
•Consists of C. 4 N. W. Ry. deb. of 1909, ilO,<K 0. M. L. B. A W. Hv. ex', and
Impt. bonds, $t0,000; So. Iowa Ry. 1st M. t>onos, (431,00
C. 4 N. \V. Ry.
per cent Keneral M. bonds of 1*8", iS.lb.i.OOO; sundry bonds fundable lor C.
& N. W. Ry. 3)* per cent general M. bonds-. tl33,0uo; 1st M. bonds ot F. E. 4 M.
V. Kll. Co. oeposited in trust as coll. for 0. & N. W. Hv. 4 per cent ext. bonds
of lt-80, tl3,OJ5,00u; stock Kre. Elk. & Mo. V. RR., fl.v 1,600; Stock Cn. St. P.
Minn. & um. Ry., *10,o00,uu0: common stock and scrip C. a N. W. H>("M'.Vi, 1-8: pre-erred stock and scrip 0.4 N. W. By. Co., 93,81ft; udvjucenew lines under construction, not yet capitalized, $1,4< ,788.
M
:
:
•34,089
•186,129
.
FREMOSTT ELKHORN A MISSOURI VALLEY RR.
The earnings and income accounts of this road have been
compiled lor four years lor the Chronicle as below
:
'64,566
•234,576
After allowing for other Income received.
After deducting $86,394 for
t These figures lnolude other Income.
Interest on funded debt and dividends on preferred stock In June.
1901, and $86,476 In 1900, there is a surplus of $26,252 this year,
against $14,375 last year. From April 1 to June 30. 1901, the deduction for interest and dividends was $269,428, against $259,671 in
1800, leaving a surplus of $40,294 this year, against $20,836 last year
*
Pass'rs carried.
865
•
$
tll2,646
i299,722
New York A Queens Co.—
Apr. 1 to June iO
July 1 to June
UnitedTrao. (Albany) —
Apr. 1 to June oO ...
Operations —
Road
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this
!n.
5.577
Tear.
.
Dulnth St. Ry
\
Galveston City
Harrlsburg Traotlon.
1897
Mlleeop May31
hduipmeiit —
Ourrenl
17,*53 13,850
72,201 73,947
4.L6M
3,006
City Elec. (Rome.Ga.) June
199,696 173,820
June
Cleveland Electric
16,034
22.236
Oleve. Ely A West.
65,449
15.749 13.833
58,246
June
Cleve. Palnav. <k E.
265.825 247,990 1,451.142 1,366.697
Oonsol. Trao. (Pitts.) June
11,269
49,547;
7,710
43.233
Dart.AWport8t.Ry.
134,737 114,868 695,279 602,390
Denver City Tram..
36.885
16.703
Det. Rooh. Ro. A L.O.
3d wk July 64,488 54,184 1,455,242 1,307,200
Detroit United
Duluth-Bup. Traot. )
38.857 38,220 207,665
Oln.
31, 1'JUIJ
Haghitt will be found on pages
The comparative tables for four years, compiled for the
Chronicle, are as follows
.
American R'ys. Co.J.
Bingham ton RR
May
291 to 294.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest (iron Earnings.
North Western Railway.
&,
May 31
Earnings from—
Miles operat.
1900
00.
1899 01.
1898-99.
1,363
1897 9*.
1,363
1,363
1,363
789,967.
3,148,368
2,745.561
349,472
733,938
3,025.622
361,898
Total earnings... 4,287,806
Oper. exp. and taxes. 2,980,025
4,121,458
2,875,334
3,885,469
2,610,802
3,*-Sl,340
1,246,124
1,274,687
1,237,948
Passengers
Freight
Mall, express, etc....
Net earnings.
1,307,781
772,580
367348
551,826
2.985,047
344.467
2.643,392
THE CHRONICLE.
286
Deduct—
Interest
Rentals
8. C.
<fe
1899-00.
1,007,H31
1900-01.
1,008,372
P. RR.
13,673
1897-98
l898-o:».
1,007.338
13,541
13,500
[Vol. LXXI1I.
1900 01.
.
1,01)7,368
Aver, miles oper'd...
6,612
—
Chicago Burlington & Quincy Railroad.
CStatement for t)ie year ending June 30, 1901. J
Following is an official statement for the system, including
5,377
1897-98.
4,837
jfc
s
Gross earnings
31. 200, 870
Oper. exp.
34,660.482
taxes.. 24,343,625
21,831,447
25,353,680
17,356,355
21,095,839
14,501,864
Netlno.from oper'ns.l0,31fi,857
Inc. from oth. sources
498,706
9,369,423
318,805
7,997,331
328,469
6,593.975
348,376
10,815,563
93,767
9,638,228
6,755,442
15,535
8,325,800
6,207.253
24,028
6,942,351
5,862,768
72,871
7,275,063
Balanoe
3,540.500
Div. on pref. stock.
2,400.000
Dividends, per oent..
(4%)
6,770,977
2,917,251
1,300.000
(3%)
6.231,281
2.094,519
1,172,904
(2%)
6.935,339
1,007,012
543,000
U?4)
Sarplusoverdlv... 1,140,500
1,117,251
921,615
464,012
13,540
1,020,879
1,020,908
1,021,391
Total disbursm't* 1,021,945
sur.285,836 eur.224,733 sur.253,808 but.217,040
Balance
V. 72, p. 1236.
1898 99.
1899-00.
6,806
<L
o>
<St
Interest and rentals. 7,181,296
Other deductions
controlled roads:
all
1900-01.
1899-00.
1898-99.
1897-98.
$
$
$
$
Passenger
Mall and mlsoel.
33.662,221
11,624,746
4,765,022
32,557,999
10,384,408
4,593,013
29,270,942
9,469,018
4,649.465
30,543,640
8,153.042
4,103,480
Gross earns.
Operating exp..
60,051,989 47,535,420 43,389,425
32,441,891 29,816,883 26,546,630
42,800,162
26.272,218
Net earns...
Fixed oharges..
17,610,098
9,825,000
16,843,795
10,115,495
16,527,914
10,445,151
EirningsFreight
17,718,682
9,789,820
. .
x Includes dividend No. 7, 2 per oent, paid In April, 1901, and $1,200,000 reserved for dividend No. 8, 2 per oent, parable in Ootober,
1901.— V. 73, p. 237, 234.
GENERAL INVESTMENT NEWS.
6,082,793
7,928,762
6,728,300
Bal.fordlvs.
7,785,098
Dlvs., approximate In '00-'01(6»s)6,650,658 (6)5,829,678 (6)5,238,371 (4*2)3,690,126
Surplus
—V.
1,134,440
2,099,084
2,392,666
1,489,929
73, p. 235.
Chicago & Eastern Illinois Railroad.
(For the year ending June 30, 1901.
The
RAILROADS. INCLUDING STREET R0AD8.
Contributions. — Subscribers and others will contribute
materially to the completeness and value of this department,
if they will send us prompt information as to all matters
coming within their personal knowledge affecting the
financial status of any company whose securities are held
results for four years past compare as follows:
1899-00.
190001.
1898-99.
1897-98.
$
£
$
Expenses
5,659,446
3,245,760
5.148,897
2,859,022
4,581,561
2,492,611
4,221,439
2,405,005
Net earnings.
Other income
2,413,686
219,063
2,289,875
214,889
2,088.950
196,687
1,816.434
SB
Gross earnings...
by the public, particularly facts as
bond
issues, lejises
and
to
new
stock
and
consolidations, defaults in interest
or dividends, protective committees, reorganization plans,
166,V!85
Copies of official circulars, readjustment plans or nofinancial reports of every kind and brokers' offerings
of new securities will also be appreciated.
etc.
tices,
2,632,749
1,564,783
2,285,637
1.818,273
1,52 7,331
Surplus
990,372
1,067,966
767,364
379,942
349,842
349,848
Divs. (6%)onpf..
Dividends on com. (5*2%) 370,879 (4^)278,901 (3is)216,923
455,388
289,842
(2»s) 154,945
Total
Int., rent's &t'xes
317,245
Balance
—V.
2,504.764
1,514,392
361,629
1,982,719
200,598
10.601
72, p. 1135.
Denver & Rio (Grande Railroad.
(Statement for year ending June 30, 1901. J
The following is from an official statement for 1900-01:
Gross earnings.
Oper. expenses.
1900-01.
1899-00.
$11,452,403 $10,246,080
7,128,897
6,485,839
Net earns...
Int. reo'd, etc..
Tot. net
Deduct —
inc.
1898-99.
$9,270,248
8,710,351
1897-98
$8,342,926
5,017,599
$4,328,506
108,855
$3,760,241
92,964
$3,559,897
110,327
$3,325,326
64,919
$4,437,361
$3,853,205
$3,670,224
$3,390,246
$2,383,939
Renewal fund
Bondoonv.f'dJ
n nnn $
HU,UW
, ,
I
$2,358,743
60,000
120,000
$2,333,495
60.000
120,000
$2,491,743
30,000
20,000
$1,913,422 $1,314,462 $1,156,729
Sur. for year..
$848,502
Div.onpf.stook.(5%) 1,182,500 (4%)946,000(4%)946,000(2is%)591,250
Bemaln'gsur.
$730,922
$368,462
$210,729
$257,252
From the surplus of 1899-00 and 1898 99, as above, was also
deducted cost of new locomotives, viz.: 10 in 189900, $130,161, and 16 in 1898-99, $177,590, leaving balances of $238,301
and $33,139, respectively.—V. 73, p. 184, 137.
Norfolk & Western Railway.
(Statement for year ending June 30, 1901.
Results for four years have been as follows:
EARNINGS, EXPENSES AND CHARGES.
1900-01.
Average miles operated.
1,554
Earnings-
$
1899-00.
1,551
1898 99.
1,561
$
Passenger, mall and exp. 2,471,921 2,241,258
Freight
13,313,521 11,849,747
1,832,419
9,403,703
Total earnings
15,785,442 14,091,005 11,827,139 11,236,123
Operating Expenses
Maint. of way and struct. 1,975,393 1,558,803 1,536.633 1,542,977
2,3*4,2-26 2,034,383 1,823,726 1,727,893
Malnt. of equipment
Conduot'g transportat'n. 4,417,359 4,210,175 8,920,291 3,974.471
exp.,
Incl.
taxes....
Gen'l
728,481
697,735
653,453
640,750
—
Total expenses
Net earnings
.
9,445,459
6,339,983
8.501,096 7,939,103
5,589,909 3,888,036
7,886,098
3,350,024
Prop, of exp. to gr'ss earns (60 p. c.)
Fixed oharges
2,249,718
(60 p. c.)
2,273,639
2,241,714
2,239,434
Surplus for dividend. 4,090,265
3,816,270
1,646,322
1,110,591
(67 p.
o.)
(70 p. o
)
Dividends on preferred.. (4) 909,716 (4)909,716 (4)909,364 (2)454,198
Dividends on common... (i) 644,794
Balance, surplus
73, p. 234.
—W
2,535,755
2,406,554
736,958
Southern Railway.
(Income account for year ended June
656,393
30, 1901.
result for the year 1900 01, still subject to final audit
and approval by certified accountants, is made public as
follows:
The
V.
73, p.
235
Buffalo Rochester
&
Pittsburg Rj.— Quarterly .— Earn-
ings for the quarter ended June 30 were:
Gross
Net
Other
Interest,
3 months
Balance,
earnings,
earnings, income, taxes, etc.
surplus.
end. June 30.
1901
$1,535,176 $730,767 $5,894 $327,401 $109,260
725,926
1900
1,517,918
5,892
384,284
347,534
The earnings for the fiscal year ending June 30 will be
ound under " Annual Reports" on a preceding page. V.
—
f2, p. 871.
—
Buffalo & Susquehanna RR.— Called Bonds. First mortgage 5 per cent gold bonds of 1893, to the amount of $39,500,
have been designated for redemption and will be paid at par
and accrued interest on Oct. 1, 1901, at the banking house of
Harvey Fisk & Sons, No. 29 Nassau St., New York, interest
ceasing Oct. 1.—V. 72, p. 1279.
Chicago Burlington & Qaincy RR.—Joint Bonds DeSee official statement on page 294 of to-day's
scribed.
—
1897-98.
1,570
«
$
1,981.399
9,845,740
Baltimore & Ohio RR.— Dissolution of Voting TrustExchange for Stock Certificates on Sept. 12th. The voting
trustees, by advertisement in another column, give notice of
the dissolution of the voting trust, and call upon all holders
of stock tru3t certificates to exchange the same for certificates of capital stock on or after September 12th, 1901, at the
Standard Trust Co., No. 25 Broad St., New York, or Speyer
Brothers, No. 7 Lothbury, London.
Temporary receipts
will be issued until the share certificates can ba prepared.—
—
Fixed
oharges,
lnol. taxes....
Bangor & Aroostook RR.— Consolidated Mortgage.— The
directors on Thursday authorized a consolidated mortgage
for $20,000,000, of which about $12,500,000 will be issued or
reserved to take up the outstanding bonds and the preferred
stock; $3,000,090 for improvements over a series of years, and
the remaining $4,500,000 for extensions when demanded by
business conditions and subject to the authority of the Legislature.
The new bonds will be 50-year 4s.— V. 71, p. 857.
Chronicle.— V. 73, p. 235, 183.
Chicago Rock Island & Pacific Ry.— New Certificates
Ready.—The certificates of stock issued in accordance with
the resolutions passed at the annual meeting of the stockholders held June 5, 1901, are now being delivered, in exchange for the receipts issued on subscriptions, at the office
of the Assistant Treasurer, No. 18 William St., New York
City.—V.
73, p. 184.
Columbus Lima & Milwaukee Ry.— Safe.—The court has
given the company until Aug. 15 to pay the liens against it.
— V. 69, p. 1193.
Dallas Consolidated Electric St. Ry.—Increase of Stock.
— The company has filed an amendment to its charter incapital from $1,000,000 to $2,000,000, to provide,
creasing
said, for extensions, etc. — V. 72, p. 1237.
its
it is
Dayton Covington & Piqua Traction Co.— Sae Dayton &
Troy Traction Co. below.
Dayton Springfield & Urbana Electric Ry.— Gfuaranteed
Bonds.— See Springfield & Western Ry. Jbelow.— V. 72, p.
1080.
Dayton & Troy Traction Co. Na.me Changed.—-The company has changed its name to the Dayton Covington & Piqua
Traction
Co.—V.
70, p. 739.
August
10,
THE CHRONICLE.
1901.]
Delaware Lackawanna &
Western
KR.— Qua rterly. —
EarniDga of the company's leased lines in New York m
for the quarter and the six months ending Jui:e 3u wean
June
Grots
earnings.
30.
$2,040.(83
1,970,693
1901
1900
Vei
taming*,
$943,511
Tntere$i,
taxis, etc.
$618,451)
1)32,437
598.804
$1,829,198
1,508,521
$1. 237,983
I!
$4,004,800
3,412,627
lance,
T
9601,
r
&
& Mlddletown
Electric
&
By.—Lease.—A
New York.— 8eventh Arenue
thfl Seventh
Avti:
with underground trolley within the. uext
It Is to have terminals at South, Cortlandt,
Uesbrot-nes and Christopher Street ferries— V. 73, p. 2:i(J, 188,
expects to havo
Mobile (Ala.) Light & BR.— Extension <>/ Franchise.— An
ordinance lias been introduced iu tim City Qeneral CoonoU
extending until March Vi, 1883, all the franchises of this
mpany and the Mobile RR. Co. in consideration of the
1,206,307
The company having completed the heavy new bridges
the Hackensack and Passaic rivers, it. is said, will begin
morrow to run through trains to Buffalo and the West <\
Eesex division.— V. 73, p. 935.
the Morris
Frederick
—The company
line in operation
6 months—
1901
1900
Metropolitan Street Ky. of
I. inf.
\
3 mo*, ending
287
lease
Catoctin Electric Ry. to this company
of the Myersville
for a pei iod of ten years from Feb. 1. 1904, on which date
the present lease of the road expires, lias been filed in MaryBpecial despatch to the "Baltimore Sun" says:
land.
& Mlddletown Electric Railway Co. will pay the InFrederick
The
terest on the entire $38,000 worth of bonds at the rate of 5 percent
for the period of 10 years from Feb. 1 1904, and will pay Interest on
the $9 000 on which no Interest has heretofore been paid from July 1,
1901, to Feb. 1, 1904. The lessee also agrees to keep the road lti repair and pay all taxes upon It. whioh shall be paid from the receipts
of the road, and In oase any dividend Is declared from the earning ,,r
the road to. pay one-fourth of It to the stockholders of the Myersville A;
Catootlu Electrlo Ry. Co.
A
,
eB,
furnishing us full payment of all license and privi!
of electric lights for various city buildings alter the expiraSee V. 73, p. 236.
tion of the existing contracts.
—
New York Chicago &
for the quarter and the
3 mo*, ending
June 30.
1001
1900
6 months—
1001
1900
-V. 72,
RR.- Quat
Louis
six
months ending June
earnings.
Other
Income,
$1,797,056
1,583,683
$.'>24,320
$7,74'.)
$3,582,5*3
3,313,722
$958,082
757,570
Srois
earnings,
//y.— Earnings
30 were:
St.
Wti
383,916
?•
Interest,
taxes, ete.
$300,946
13,090
302,463
$12,257
14,321
liulanee.
$1!3 1,123
94,553
$C15.242 $355,097
603.623
168,268
p. 936.
New York & Stamford Ry.— Consolidation.— This company has been incorporated at Albany as a consolidation of
the Port Chester Street Ry. Co. and the Larchmont Horse Ry,
Co. The authorized capital stock is $500,000. Directors:
Great Falls & Canada Rf.— Sale Authorized.—The stockit is stated, have ratified the sale of this road to the
Great Northern Ry. Co. It is said the gauge will be in-
W. H. Campbell, William Murray. Charles A. Slr^er and John Nellson of Larchmont; N. H. Heft and G. 8. Heft of Bridgeport, Conn.; R.
J. Welsh of Greenwich, Conn.; W. A. Ware of Fort Chester, and W.
II. Trumbull of Salem, Mass.
creased to standard width. See V. 72, p. 1187.
Great Northern Ry.— Acquisition,— See Great Falls &
Canada Ry. above.
Outlook. President James J. Hill, who has recently returned from the Northwest, is quoted as saying in part
Wheat, barley, flax, hay and most of the other crops along he Great
Northern and Northern Pacltlo railroads are looking extremely well,
and promise to be much ahead of last year. The Burlington's wheat
crop will largely offset the loss on oom, and Its net results for the
The new company, it is stated, is building a road to
Greenwich, and purposes to extend the same to Stamford.
Northern Pacific RR.— Outlook.— See Great Northern Ry.
holders,
—
1
current year will be as satisfactory as those of last year.
To show the growth of onr general traffic I need only
what we have accomplished
tell
you
above.
Joint Bonds— Official Statement. The official statement to
the New York Stock Exchange respecting the bonds issued
jointly by the Northern Pacific and the Great Northern railway companies against deposit of nearly the entire capital
Quincy will be found on
stock of the Chicago Burlington
page 294, giving much valuable information regarding
these new and important securities— V. 73, p. 237, 185.
—
&
a partial crop failure last year
along the Great Northern and Northern Pacific The loss was 40,000,000 buehels <f grain. In transportation and purchasing power
Northwestern Elevated RR. of Chicago.— Option to Subthis meant a loss of $5,0< 0,000 to the Great Northern Railway, all of
whioh loss was made up to within $430,000 by the increase of other scribe. The stockholders having authorized the issuance of
traffic and retrenchments of expenses. That the Great Northern and
certain first refunding mortgage 4 per cent convertible
Northern Paoiflo arc going right along increasing their earnings may gold bonds, to be dated Sept. 1st, 1901, and to be secured by a
be Judged by the fact that each of them showed a gross increase for
Savings Bank, as trustee,
July of about $415,000, or $830,000 for the two roads over and above mortgage to the Illinois Trust
that of last year. This is for only one month. The year's showing $10,000,000 thereof are offered for subscription at 90 per
will be extremely satisfactory.
cent of the par value to the holders of record Aug. 17
I expect the Burlington will give a gcod account of Itself— as good,
of
the preferred and common stock trust certificates of the
In faot, as Great Northern and Northern Pacific have, following the
Partial failure of the spring-wheat crop of last year. May be better. Northwestern Elevated RR. Co., to the amount of one $1,000
*
*
I think Great Northern and Northern Pacific shareholders
bond for every 10 shares of stock represented by the stock
will not have the slightest ground for regret that they have the Bur- trust certificates held.
Subscriptions for bonds must be relington. It Is a great road and Its general trafflo is rapidly developthe
Northwestern
Elevated RR. Co. on and after
ceived
by
which
crops
it
handles.
of
the
Irrespective
ing,
Aug. 18th, and before 3 p. m. of Aug. 28, 1901, at the office of
to
Joint
Statement
as
Bonds,
The
bonds
issued
Official
Savings Bank, in the City of Chicago,
the Illinois Trust
jointly by this company and the Northern Pacific Ry. Co. in
by a certified check on a Chicago bank or trust
connection with their purchase of nearly the entire accompanied
Quincy RR. Co. company or by a bank draft on Chicago, to the order of the
capital stock of the Chicago BurliDgton
Savings Bank. For description of bonds,
Illinois Trust
will be found described at mach length in tne official stateetc., see Street Railway Supplement, page 27.— V. 73, p.
ment to the New York Stock Exchange as published on Dage
237.
294 of to-day's Chronicle.— V. 73, p. 184.
In spite of
—
&
—
&
&
&
Houston & Texas Central RR.— New President.— Charles
H. Tweed, Chairman of the Southern Pacific, has been
elected President, succeeding General Thomas H. Hubbard.
—V. 73, p 236, 137.
Illinois Central RR. Twenty eighth Annual Drawing.
Fifty sterling 5 per cent sink'ng fund bonds of this company
have been drawn to be redeemed at par, at the office of
Messrs, Chaplin, Milne, Grenfell & Co., Limited, London, on
the 1st day of October next.— V. 73, p. 137.
Illinois Southern Ry.— Bonds.— Extension.— The stock-
—
Oakland San Leandro
& Haywards
Electric Railway
Consolidated.— Sale of Control.— G. W. Henshaw, who recently purchased about two-thirds of this company's capital
stock, has transferred the same to the Oakland Transit Co.
Oakland Transit Co. Purchase. See Oakland San Leandro & Haywards Electric Ry. Consolidated above.— V. 73,
—
p. 83.
Ohio River RR.— New Officers.—The following Baltimore
Ohio men have been elected officers, viz.: F. Loree, President; C. W. Woolford, Secretary; J. V. McNeal, Treasurer.
George A. Burt continues as Vice-President and General
holders of this road, formerly the Centralia & Chester, will
Manager.— V. 73, p. 237.
vote at the annual meeting in September upon a proposition
Parkersburg Interurban Ry. Merger. A press dispatch
to issue §2,000,000 in fifty-year 4 per cent bonds to be used in
extending and improving the line. Extensions across the says that this company on Aug. 1 absorbed the Parkersburg
Mississippi River to Bismarck, Mo,, also from Salem, 111., to Gas, Electric Light & Street Railway Co. and the ParkersTerre Haute, Ind., are said to be in contemplation. An iesue burg & Marietta Electric Railway Co. An extension to
of bonds for the same amount was proposed when the com- Marietta, O., is projected.
pany was first organized and it may be are only now to be
Peoria & North Western Ry.— Bonds.— See report of
actually issued in whole or in part. V. 71, p. 29.
Chicago & North Western Ry. on page 291.
International & Great Northern RR.— New Bo>ds.—The
Princeton & North Western Ry.— Bonds.— See report of
company has applied to the Texas Railropd Commission for Chicago & North Western Ry. on page 291.
authority to issue bonds at the rate of $2' ,000 per mile on 65
Reading Company. Semi-Annual Dividend.—The direcmiles of road represented in the Calvert Waco & Brazos tors on Tuesday declared a semi-annual dividend of 2 per
Valley RR., from Bryan to Marlin and the Calvert Spur. cent on the first preferred stock, making 4 per cent for the
Tha bonds, it is said, are to be half first and half second current calendar year, as against 3 per cent in 19C0. The
mortgage.— V. 72, p. 872.
dividend is payable Sept. 10th to stock of record Aug. 24.—
lake Shore Electric Ry. Co. of Cleveland.— Consolida- V. 72, p. 1081.
tion.
A press dispatch reports the incorporation of this com- Rutland RR.— Consolidation.— The shareholders have
pany with the right to operate a trolley line from Cleveland voted to absorb by complete consolidation the Bennington &
to Toledo through Cuyahoga, Lorain, Huron, Erie, Sandusky, Rutland RR. Co.
and the Ogdensburg & Lake Champlain
Ottawa, Wood and Lucas counties. The company, it is Ry. Co.— V. 73, p. 185.
stated, is to be a consolidation of Toledo Fremont & Noithern
St. Lawrence & Adirondack Ry.— First Dividend.—This
RR., Lorain & Cleveland Ry., Sandusky & Interurban ElecCompany, whose road is used by the New York Central as
tric Ry. and Sandusky Norwalk & Southern Electric Ry.,
part of its line to Montreal, has declared a first semi-annual
all Everett- Moore properties.
(See Detroit United Ry., V.
By Oct. dividend of 2 y \ex cent, payable Sept. 1 on stock of record
73, p. 137, and Toledo Traction Co., V. 72, p. 1239.)
Aug. 20. W. Seward Webb is President and A.L.Meyer,
1, it is said, the company will be operating a line from
15 Broad St., Vice-President.— V. 73, p. 33.
Cleveland to Toledo. (See also V.
480.) Incorporators:
&
—
—
—
72, p.
G. Jaeger, A. M. Snyder, E. M. Gronand L. M. Hlldreth.- V. 72, p. 480.
B. Mahler, F.
meyer
W. Coen, D.
St. Louis & San Francisco RB.— Bond Call— Five thousand dollars of St. Louis & San Francisco Ry., Missouri &
THE CHRONICLE.
2ss
[Vol. LXXI1I.
Western Division first mortgage 6 per cent gold bonds of July 1, 19 )1, and are due July 1, 1931, but are subject to call
1879, have been drawn for payment on or alter Nov. 1, 1901, for payment in whole or in part at 110 on any interest day;
at 105 and interest, npon presentation thereof at the office cf interest payable Jan. 1 and July 1 at office of trustee, Milthe Mercantile Trust Co., New York City. The numbers of waukee Trust Co. The company owns 20 miles of trolley
the bonds so drawn are: 8, 255, 291, 372, 460, and interest line, connecting Neenah, Menasha and Kaukana, Wis., and
thereon will cease on Nov. 1, 1901.— V. 73, p. 235.
5 miles in the city of Appl^ton.
Capital stock authorized,
$1,000,000; par, $100. John I. Beggs of Milwaukee is PresiSharon & Newcastle Railway Co.— Bonds.— This company, dent. The North American Co. is interested in the enterincorporated in New Jersey last Jane with $500*,000 au- prise.— V.
73, p. 186.
thorized capital "Stock, has voted to issue $500,000 bonds to
provide for building its proposed trolley line from Sharon,
Pa., to Newcastle, a distance of 21 miles. The proposed line
parallels the Erie
The directors are:
II. \V. Whipple of New York (President); M. A. Norris of Youngstown (Secretary and rreasurer); Rlohard Quay, Beaver, Pa.; George
F. Penhale, New York; M. A. Devltt, Chicago; Alexander MoDowell,
Sharon: William Wallace, Newcastle.
RR
INDUSTRIAL. GAS AND MISCELLANEOUS.
Allegheny Coal Co. New Enterprise. —This new com-
Guaranteed
pany, organized under the laws of tbe State of Pennsylvania,
with a capital stock of $1,200,000, has opened offices in the
Cuyahoga Building, Cleveland.
"Finance," of Cleveland,
says
to the Continental Tiust Co. of New York, as trustee, to secure $250,000
of first mortgage 5 per cent sinking fund gold bonris of $1,000
each, dated June 1, 1901, and due Jurie 1, 1921, but surj^ct
to call, in whole or in part, at 110, on or a f ter June 1, 1916.
The mortgage provides that beginning Dec. 1, 19' 6, 5 per
cent of the gross earnings for the year ending Aug. 31
next preceding shall be paid into a slnkiDg fund for the redemption of the bonds. The road extendp, or is to extend,
from a connection with the tracks of the Dayton Springfield
Urbana Electric Ry. Co. in Medway, O., to and through
the town of Bethel and into the town of New Carlisle, Ohio.
The mortgage covers considerable real estate as. well as the
franchises and other property of the company, the right of
way being largely owned. The bonds bear the following:
For value received, the Dayton Springfield & Urbana Electric Ry.
Co. agrees with the holder of this bond to pay the interest and principal thereof, as the same severally become due, aooording to its
terms, if and so far as such payment shall not be made by the obligor
thereunder [signed under corporate seal by President and Secretary
The company's capitalization is as follows: $200,000 5 per cent fifteen year elnklng fund gold bonds, $.00,000 7 p«r cent cumulative
preferred stock and $00,000 common stock. The company has recently acquired ov.-r 4 COO acres of coal lands situated on the Allegheny River, 14 miles from Pittsburg, at the intersection of the West.
Penn RR. and the Pitts. Boss. & Like Erie RR., and some 300 acres of
land in fee lying on itie Alleghenv River.
The Chen wick <fe Harmer
RR. Co. is now constructing a railroad through the center of the properties connecting the West. Penn with the Bessemer Railroad, thus
giving t the property most excellent transportation facilities, not
only by rail, but by water. The company is at present engaged in the
construction of its No. 1 ehaft. The work has alrealy been laid out
for shaft No. 2 and oontraota have been made for equipment of the
most approved class, so that when the facilities are completed it is
exieoted it will have an output of from 3, 500 to 4 000 tons per day.
It is also erecting a large mining village on its own land.
It has been determined that tbe company owns a continuous vein of
coal over Its entire property, averaging seven feet in thickness.
The
quality of the ooal is of the best. All of the above proper.y has been
acquired by an issue of $442,500 preferred stock and $442, £00 common stock. The balance of the $600,00 of preferred stock and
*» 00,( 00 of common stook is still in the treasury, together with the
$200,000 of bonds unused. It is contemplated at the present time to
use $150,000 of the bonds.
Southern Iowa Ry.— Bonds. —See report of Chicago
North Western Ry. on page 291.
Springfield
& Western
(Electric)
Ry.
&
Bonds.— This companv has made a mortgage
&
of Dayton Springfield
Adams &
& Urbana Electric
)
Ry.]
American Brass Co.— Acquisition
Co. of Boston have been placing the bonds.
—
73, p. 139.
Co. of Philadelphia.— Called Bonds—The
following Philadelphia Traction 4 per cent collateral trust
Union Traction
bonds
of 1917, viz.: Nos. 139, 302, 379, 489, 638, 727, 748, 759,
852, 862, 881, 979, 987, 999, 1176, 1201, 1214, 1235, 1236, 1239
and 1263 have been drawn for payment, and will be paid at
105 and interest on or after Aug. 15th, at the office of the
Pennsylvania Co. for Ins. on Lives and Granting Annuities.
—V. 73, p. 237.
United Power & Transportation Co.— Lease.— The
lease of
the Reading & Southwestern Electric Ry. to the United
Traction Co., it is stated, is for 999 years, and provides that
the latter company shall pay the interest on $100,000 bonds,
and an additional $15,600, equal to 12 per cent, on $130,000 of
Reading & Southwestern stock.
Purchase.— The stockholders of the Mohnsville & Adamstown Co. were to vote Thursday on selling to tbe United Co.
73, p. 237.
Utica Belt Line Street RR.— Consolidation.— See Utica
Valley Ry. below.— V. 72, p. 1189.
&
Mohawk
— The
company is said
& Haydens
have acquired control of the Holmes, Booth
to
Toledo Fremont & Norwalk (Electric) RR.— Contract
Signed.— The contract for the sale of this property to the
Everett- Moore syndicate, it is stated, was finally signed on
July 31.
Consolidation.— See Lake Shore Electric Ry. above. V.
—V.
>
Co. of
Water bury.— V.
73, p. 238.
American Cotton Oil Co.— Committee— Deposit of Stock.
consisting of George Austin Morrison, Chairman; Harris C. Fahnestock, Edward Winslow and J. Ken-
—A committee,
nedy Tod, announce that they have consented to represent the
holders of a large amount of the preferred and common
stocks, who have entered into an agreement for " furthering
a consolidation, or other disposition of property of, or the acquisition or lease of property by, the company; and for the
advancement of the interests of depositing stockholders
through united action, whereby their respective holdings
shall be held and managed in bulk during the period of the
agreement, and better results be secured than by individual
action." Holders of preferred and common stock who are
not parties to tbe agreement will have an opportunity to participate in it by depositing their stock with tbe First National
Bank of this city on or before Sept. 30, in exchange for negotiable certificates.
Tbe stockholders' agreement, copies of which may be obtained from R. F. Munro, Secretary to the committee, at the
effice of the company, provides in brief as follows:
a The American Company may acquire, lease or otherwise deal with
property of another corporation or other corporations or parties
\ consolidation, sale, lease or other disposition of the property (in
whole or in paroels) of the American Company may be made with or
to another corporation or other corporations or parties.
b The deposited stook may be sold in bulk, and not otherwise, at
not less than 105 lor the preferred and 60 for the common. Or, if any
proposition of any character shall be made to the committee respecting the deposited stocks or any of the property of the American Company which the committee shall deem advisable to submit for the consideration and action of the oertinoate holders, they shall call such
certificate-holders together In meeting; and if any such proposition
shall be aocepted by the affirmative vote of 70 per cent in amount of
the certificates of deposit for eaoh class of such sto<k affected thereby,
all of the owners or certificates of deposit for such particular class
shall be bound thereby; provided that no proposition for the sale
of less than all the deposited stook of both classes shall ever be entertained or adopted.
Utica & Mohawk Valley Rj.— Consolidation.— This company is being organized with $3,100,000 capital stork, of
which $6CO,000 is to be preferred, to take over the lines of
the following five companies, which have a total of about 37
miles of track, viz Utica Belt Line Street RR., Utica &
Suburban Ry., Utica & Mohawk RR., Utica & Deerfield Ry.
The
and Herkimer Mohawk Ilion & Frankfort Electric Ry.
new company will own the entire street railway system in
To Rome, 7
Utica, and proposes extensions as follows:
miles; to Frankfort, 7 miles, and to Little Falls, 8 miles.
The agreement is to last for three years or until terminated
These extecsions will all be double track. Single-track exby
a vote of 80 per cent of those dt positing stock. The directensions will also be constructed to Clinton, 5 miles, and to
:
Clayville, 9 miles.
The company will authorize $4,COO,000 of 4^ per cent gold
bonds, to be dated Sept. 1, 1901, and maturing Sept. 1, 1941;
interest dates March and September. There will be reserved
of the issue a sufficient amount to provide for the retirement
of about §800,000 first and second mortgage bonds now outstanding. The balance of the bonds which will provide for
the proposed extensions have be e a taken by Messrs. N. W.
Harris & Co. The new system when completed will serve a
population of about 100,000.
Horace E. Andrews of Cleveland and A. M. Young of New
York City are interested.
approve the agreement.
While the acquisition of a large number of cotton oil plants
by the Virginia-Carolina Chemical Co. through the medium
of the Southern Cotton Oil Co. (see V. 73, p. 240, 136,
tors
has led to the taking of these protective measures,
Secretary Ralph says there has been no proposal for a
sale of tbe company's property or a consolidation with the
Virginia Carolina Chemical Company or any other concern.
It is intimated, however, that the American Company is
likely to undertake the construction of important additions
to its plant in the way of cjrushicg mills and refineries, if
necessary to protect its interests. V. 73, p. 139.
36)
—
American Lead & Baryta Co. of
Louis.— Incorpor-
Wilmington (N. C.) Street Rj.— Foreclosure Sale.— The
foreclosure sale is advertised for Oct. 7 at Wilmington, the
upset price being $100,000. The Morton Trust Co. is trustee
under the $150,OCO mortgage of 1895, which is being fore-
ated.— This company, whoss plats were discussed in November, 1900 (-ee V. 71, p. 1014). has been incorporated under the
laws of Delaware with $10,000,000 of authorized capital
closed,
stock.
—
Incorporators:
Archer W. Douglass, James W. Vanoleave and Luolan R. Blackmar,
of St. Louis; John Morton, Pueblo, Col.; Orlando E Robinson, Baltimore; Alonzo C. Bowen, Louisville, Ky.; Alfred S. Elliott, Wilmington.
Wisconsin Traction Light, Heat & Power Co.—Status.
was recently filed by this company, securing
$3,000,C00 of 5 per cent gold bonds. These bonds are dated — V.
A mortgage
St.
71, p. 1014.
August
THK CHRONICLE.
1901.]
10,
American Thread Co.—Fitrchase of Wool Esvehan
This company, which some time ago established its b<
quarters in the Wool Exchange Building, this city, ban
Hitchased for about $15'), 000 all, or practically all,
outstanding capital stock of the Wool Kxchauge Co., and
entire issue of second mortgage bonds. The Thread
pany therefore substantially owns the Wool Exchange BuildThe
ing, subject cnlv to a first mortgage for $500,ii< o.
property coBt originally between *b00,000 and $900,000.
Settlement of the purchase price is leing made in the firal
mortgage 4 per cent bonds of the Thread Company, of which
about |200,000 were in the treasury. -V. 72, p. 1079.
j
(
ililng
mor«
tliiiu a t«
mporary
tud two companies. — V. 73,
p.
ht.ii>i.age
of the plan for
cone
i3i, 84.
Light k Power Co
.Nashville.—
mortgage 8 pel c-rut gold bonds of
Nos. 1, 103, 204, 309 and 4bti have hi en drawn by
.. \i/.
lot for redemption at 104 per cent and accrued interest, and
will be paid on presentation at the Atlantic TruBt Co., Wall
and William streets, New York City, on Sept. 1, 1901, lrom
which date interest thereon will cease.— V. 71, p. 1070.
(umbel land
ltd
Call.
Kie« trie
— Five
,
first
:
Dolgevllle (N. Y.) Electric Light & Power Co.-Fbreclosur* Sale.— The sale, it is stated, will take place Sept. 17.
The amount due under the mortgage— Morton Trust
trns ee _{ 8 etated as $59,308, with interest from June 1, 1901.
(
American Window Glass.— International Plans,— President James A. Chambers and Vice President M. K. McMulliu are in Brussels negotiating for the purchase of the leading Belgian plants producing window glass. Europe, it is
stated, draws its supply of such glass chiefly from Belgium.
—V.
71, p. 1812.
—
Atlantic Tube Co. Sold. This company's plant at Beaver
The propFalls, Pa., was sold at receiver's sale Aug. 6.
was bid in by Samuel L. Robertson of Pittsburg for $300,
subject to the two mortgages, aggregating $175,000. The
>nth pending the sale, but it
works have been closed for a
is thought will be started soon.— 'Iron Age."— V. 70, p. 1150."
m
Bingham Consolidated Mining &
Smelting Co.— On
Bcston Unlisted. The Boston Scock Exchange has admitted
to the unlisted department $7,500,000 of the §10.000,000 cap
—
the remaining $2,500,000 being held in the treasury
for future use. The par value of the shares is $30. Donald
M. Belches is President; O. E. Weller, Treasurer, and H.
W. Wesson, Secretary.
ital stock,
Bridgeport (Conn.) Gas Light Co.— Offer to Purchase.— A.
majority in interest of the shareholders, it is stated, have accepted the offer of Samuel Tborne of New York of $"5 a
share for their holdings. The other stockholders are offered
the same terms until Aug. 15. The "Hartford Courant" says:
t
—A
proof of
Electric Company of America.— Correct ion.
the item published last week was sent in advance to the company for revision. Second Vice-President Hirtman under
date of Aug. 5 replies as follows:
The article you enolose is correct with the exception that we have
not purchased the Auburn Electric Light Co., that 1 have made no
public statement as to the earnings expeoted of either the Canton or
Auburn plants and that the capital stock of the Canton plant 1* $225,O'O. We have purchased all of the stock of the Canton Lhrht, Heat A.
Power Co., but none of the bonds and will operate the plant on the
Hume lines as our various other plants.
No
company than the Canton Light Heat & Power
Hartman says, has been purchased recently.— V. ?:;.
other
Co., Mr.
p. 238.
Glucose Sngar Refining Co.— Directors.— At the annual
meeting on Tuesday the vacancy in the board of directors,
which was caused by the death of F. O. Matthieasen, was
filled by the election of his son, F. W. Matthiessen.
V. 72, p. 1190.
financial report was given out.
—
No
—
Goldsboro(N. C.) Water Co.— Foreclosure Sale Nov. 4.
The foreclosure sale is advertised for Nov. 4. The Atlantic
Trust Co. is trustee under the mortgage.
—
IncorporGottlieb-BaurschmidtStrans Brewing Co.
ated.— This company has been incorporated in Maryland
Mr. Thorne is understood to represent the bondholders of the de
funct Citizens' Gas Co., who are preparing to lay ont $500,000 or with $5 000,000 of authorized capital stock as successor per
more to obtain control of the Held. The option expires Aug. 15, plan in V. 72, p. 876, 1037, 1033 of the Maryland Brewing Co.,
and the postponed sale of the Citizens' Gas Co. Is soheduled for Auk.
14. The Bridgeport Gas Light Co. at the present time has outstanding stock amounting to $300,000.— V. 72, p. 185.
Castner Electrolytic Alkali Co.— Litigation.— Danforth
Geer and 6even other stockholders of the Mathieson Alkali
Works, a Virginia corporation, have brought suit in this
State to set aside a transfer of much of the company's
property to the Castner Company, also a Virginia corporation, on the ground that the sale was against the interests of
the stockholders. R. T. Wilson and Edward E. Arnold of
this city, it is stated, were in control of the Mathieson Company when the transfer took place.— V. 71, p. 344.
foreclosed.
The
directors are:
Geo. J. Obermann, of Newark, N. J.; Frederiok H. Gottlieb Joseph
H. Straus, John Bauernsehmidt, Alexander L. Straus, O. F. Hershey,
Frank 8. Hambleton and Harry A. Orrlck, of Baltimore, and Peter
Hauck Jr., of Harrison, N. J.
Mr. Oberman, the head of the
ark, has been elected President.
Union Brewing Co.
of
New-
Harvey Steel Co. of New Jersey.— Sale.— See Harvey
United Steel Co., Limited, below. The New Jersey Company, whose capital stock is $500,000, has a plant at Newark,
N. J., where " Harveyized " steel for armor plates on war
vessels
is manufactured.
S. S. Palmer of New York is PresiCitizens' Gas Co. of Bridgeport, Conn.— See Bridgeport
dent.
Gas Light Cj. above.—V. 72, p. 1240.
Harvey United Steel Co., Limited.— Consolidation.—
Cobre Grande Copper Co. of Sonora, Mex.— Receiver.—
Justice O'Gorman in the Sapreme Court on Wednesday de- This company was registered on July 16 under the English
cided that A. W. Hallenborg, of the firm of Armstrong, Corporation Act by A. B. Grreenop & Co., 15 Victoria St.,
Schirmer & Co., bankers, is as a minority stockholder enti- London, S. W., with a capital of £150,000. in £1 shares, "to
tled to the appointment of a receiver, his rights having been acquire all or any of the undertakings of the Harvey Steel
infringed by William C. Greene, the majority stockholder, Co. of Great Britain, Limi'ed; the Harvey Continental Steel
Co., Limited; the Harvey Steel Co. of New Jersey, and the
and his associates.
Societe des Procedes Harvey, and to carry on the business of
Concord (N. H.) Electric Co. Reorganized Company.— manufacturers of armour plates and steel, iron, bronze,
The Concord Land & Water Po^er Co. has transferred its nickel, aluminium and other metal plates of all kinds, steel
property to the Concord Electric Co., which has issued $350,- and ironmasters, founders, smelters, boiler makers, engi000 in bonds for reorganization and development purposes.
neers, shipbuilders, etc." Registered office, 28 Victoria St.,
" Engineering News."— V. 73, p. 34.
London, S. W.
Concord (N. H.J Land & Water Power Co.— See Concord
Electric Co. above. —V. 72, p. 535; V. 73, p. 34.
Houston Oil Co.— Property. - Respecting this new $30,company, the "St. Louis Globe Darnocrat " says:
Recently the company sold to the Kirby Lumber Co. 8,000,000 feet
000,000
Consolidated Car Heating Co., Albany, N. Y.— Contract —
timber upon Its lands. It owns over a million acres in and around
The company wi'l supply the entire electric heating equip- of
Beaumont. The timber contract cov* rs the total sum of over $38.ment of the Manhattan Elevated Railway of New York City. 000,000, the oil company retaining the lands. The Kirby Lumber Co.
The total number of heaters covered by the contract is stated recently organized with a capital stock of $10,0c 0,000, and is practias 21,600, each car requiring 18 heaters.— V. 70, p. 1252.
Consolidated
company has
Coal Co. of St.
Lonis.— Mortgage
—The
at Carlinville, 111., a mortgage to the
Mercantile Trust Co. of New York, trustee, to secure $1,00j\fi'ed
The new bonds are presumably to refund a like
The capital stock is $5,000,000, in
$100 each, and the last dividend was 1 per cent, paid
000 bonds.
amount
of 6s of 1886.
shares of
in July, 1901.
composed of the same gentlemen.
B. F. Bonner, a director, says: " We have the ports for the
shipment of the oil right on the Gulf coast, and there is no
necessity fi r long pipe lines, as in the other oil fields of the
world. The oil-producing land of Southeastern Texas is
about 300 milf s sqaare. It occupies all the territory between
the Trinity and S abine rivers. The greater fields are, of course,
in the vicinity of Beaumont, extending under the bed of the
Gulf. Our company owns land in all the oil fields. The
principal tract lies in the Neches Valley, between Nacogdoches and Beaumont. The land takes in a dozen counties in
Texas. The company owns the land in fee simple. The
moving spirit in the enterprise has been John H. Kirby.— V.
cally
Consolidated Lake Superior Co.— Temporary Injunction.
Nithaniel Shipmau of the United States Circuit
Court at Hartford, Conn., on Aug. 3, granted a preliminary
injunction restraining the company from absorbing the Ontario Lake Superior Company. The suit was brought by 73, p. 141.
Alten S. Miller of New York, a stockholder, who alleged that
Inter-State Telephone Co.— Mortgage.— The company has
the capital stock had been increased without his knowledge,
Safe Deposit Co. to
and that it was proposed to acquire the property of the On- filed a mortgage to the Trenton Trust <fc
secure $5,OCO,000 bonds. Sae V. 73, p. 187.
T
tario Company at an exorbitant price. See V 73, p. 34, 238.
President Douglas of the Consolidated Company says:
Knickerbocker Sngar Refining Co.— Incorporation.— This
The present proceedings, no matter how they may terminate, will company, whose propossd enterprise was described last week
not in any maoner affect the legality of any stock now In circulation, (page 239), has filed articles of incorporation in New Jersey.
Not a share of Consolidated stook has been issued In exchange tor On- The
authorized capital stock is $1,500,OOJ; par value of shares
tario. Receipts have been Issued to those who have deposited Out irlo
stock for exchange, but not a share of Consolidated has been Issued SLOO.-V. 73, p. 239.
—Judge
.
therefor or will be Issued until the termination of the present proceedings. We are not disturbed by any fear that the temporary injunction
will be nude permanent, or that the proceedings will result in any-
Maryland Brewing Co.— Successor Company.— See GottStraus Brewing Co. above.— V. 73, p. 85.
lieb- Bauerschmidt-
THE CHRONICLE.
290
—
Description of J*roperties Owned.
to the Philadelphia Stock Exchange in
April last gives the securities acquired in auxiliary companies
and the amounts outstanding as follows:
National Asphalt Co.
A statement
made
Common
Company.
Total.
stork
—
-
Arauircd.
Olfirrxecurit'Houl.—^
l$t M. bd$.
J't.stocl;.
Asphalt Co. of Amorlca.$30,000,000 $29,922,800 None. $30,000,000
None.
Penusylv'a AsphuUCo.
250.000 None.
250.000
«i75.000
GilBon Asplialtum Co..
2,375,000
1,400,000 $275,000
UllBon Asphalt Co. of
Now Jersey
275,000
272,300
New
Jersey- Mexican
AsphaltOo
ManhafnTrapUookCo.
David Folz Asphalt
Co..
Maok Paving Co
100.000
500,000
50,000
10,000
100,000
500.C00
60.000
10,000
None.
None.
None.
None.
None.
None.
None.
None.
Lagulnillas.
official
statement also says:
Co. of America was Incorporated June 28. 1899, under
the laws of New Jersey, with an authorized oapital of $30,000,000, all
issued— 600 000 shares of the par value of $30 each, upon which there
has been paid in $10 per share. The company controls asphalt properties and companies whioh produce and refine asphalt from the
Island of Trinidad, Bermudez Lake, Venezuela, California and other
places; also oompanies doing paving and other contracting iu all
parts of North and South America. Funded debt, $30,000,000 5 per
cent fifty-year collateral gold bonds, due April 1, 1949. See list of
underlying and outstanding bonds, etc, in V. 70. p. 993; V. 69, p. 387.
The Pennsylvania Asphalt Paving Co. was incorporated Deo. 7,
1893, under the laws of New Jersey, and does paving throughout
Pennsylvania under contract for supply of Bermudez asphalt.
The Qilson Asphaltum Co. was Incorporated June 11, 1900. under
the laws of New Jersey, and owns and operates asphalt properties In
Utah and Colorado. Manufactures various asphalt products and does
paving in several Western States. Funded debt, $275,000 5 per cent
gold bonds, due 1915.
The New Jersey Mexican Asphalt Co. was incorporated July 1,
1897, under the laws of New Jersey, and owns and operates asphaltproducing properties in Mexico; also does paving in New Jersey.
Tne Manhattan Trap Book Co. was incorporated March 8, 1900,
under the laws of New Jersey, and owns and operates valuable trap
rook quarries at Nyack, N. Y.
The David Folz Asphalt Paving Co. was incorporated Nov. 19, 1897,
under the laws of Ohio, and does a general paving and contracting
business.
The Mack Paving Co. was incorporated Feb. 3, 1898, under the
laws of New York, and does general paving business.—V. 73, p. 136.
The Asphalt
New York Dock Co.—Mortage.— The company
its $13,000,000
has
made
mortgage to the Uniced States Mortgage
LXXiil
The company is beginning to open its Idle plants with the
help of non-union men. Oa Tuesday all of the mills in
Wellsville works of the Sheet Steel Company resumed operations.
The Hyde Park works of the same company were
alBD started up.
Tbe Steel Hoop Company has re-opened at
least in part the Clark mill and the Lindsay-McCutcheon
mills at Allegheny.
The strikers made no opposition at
these points. It is understood the United States Steel Corporatiod will take advantage of the strike to close permanently some of its less profitable works, concentrating its
business at the plants best located and equipped. Orders
were given yenterday that the Dewees Wood plant at McKeesport be dismantled and removed to the Kiskiminetas
Valley.
a$'225,000 additional in treasury; entire Issue gold 5s due 1915.
Also three valuable asphalt deposits on the east shore of Lake
Maraoaibo, Republic of Venezuela, known as El Mene, Temblador and
The
[Vol.
&
Trust Co., as trustees, to secure 4 per cent bonds, issuable in
denominations of par value of $500, $1,000 and $5,000 each.—
V. 73, p. 239, 141.
Nicholson File Co. of Providence. Acquisition.— The company has purchased the business of the J. Barton Smith Company of Philadelphia, and now owns and controls nearly all
of the leading manufactories of files and rasps in the country.—V. 72, p. 630.
United States Steel Corporation.— General Strike Order.—
second conference was held in this city last Saturday
between the executive board of the Amalgamated Steel, Iron
and Tin "Workers and J. P. Morgan, Charles M. Schwab and
other representatives of the company. No agreement was
A
On
—
After the meeting last Saturday the
obtained the following from an authoritative source regarding the position of the company:
The Executive Board came on from Pittsburg entirely of their own
volition. It had already been made clear to them how far the companies were willing to go and that it was useless to expect farther
concessions. What the men want Is to unionize all the mills. They
seek the right to form lodges in the non-union mills when enough
men desire to be affiliated to the organization. Bat as It only requires
an application on the part of six or ten men to organize a lodge, it can
easily be seen that within a very short time every mill controlled by
the United States Steel Corporation would have the association, agi-
Company's
Position.
New York "San"
among the workers. That, for our own preservation, we cannot agree to. While we were willing that the existing union mUls
should oontinue as snob, we couldn't for a moment consider any suggestion that the independent mills shall be unionized, and that, in
effect, is what the strikers demand.
Now that the Executive Board has determined to continue the
strike, we shall push forward our plans to open op some of tbe closed
plants of the American Tin Plate Company. We hope to have at least
tnree mills in operation within a few days with non-union labor. The
representatives of the companies are more determined than ever to
resist what tbey oonslder an unjustifiable demand by the men. If we
can open the tin plate mills tbe backbone of the strike will be instantly broken, because if the market conditions require we can duplicate the output of the oloaed steel mills in other plants owned by
tbe Corporation.
tating
—
The Executive Board of the
in order "to enlighten the public
with reference to the present relations between the association and the United States Steel Corporation" also issued on
Saturday last a statement as follows:
The offioials of the United States Steel Corporation instead of resuming negotiations where they were suspended at the conference
held July 11, 12 and 13 have withdrawn the propositions made at
that time and are offering muoh less than they agreed to sign for then.
The following is the proposition which the United States 8teel Corporation gave ns today as their ultimatum. It will be observed that
the preamble states simply that the United States Steel Corporation
offioials will advise settlement by the underlying companies.
Preamble Conditions under which we are willing to advise a settlement of
Labyr Union's Statement.
Amalgamated Association
labor difficulties.
PROPOSITION OF COMPANT.
Tin Plate Company— Business shall proceed under the contract signed with
the Amalgamated Association as of July 1, 1901.
The American Steel Hoop Co. should sign the scale for all the mills owned
by the American Steel Hoop Co. that were signed for last year.
American Sheet Steel Company— Company should sign the scale for all tbe
mills of this company that were signed for last year, excepting the Old Meadow
and Saltsburg mills.
We desire to preface our proposition by directing attention to the
fact that it is a modification of that which we offered originally. At the
last conference, as at those preceding it, we required signatures of
the scales for all the mills owned and operated by the United 8tates
Steel Corporation, while in the proposition given below we ask that
the scale be signed for none but those mills whioh are organized and
where the men, oeasing to work, have siguifled their desire to be con-
Tuesday, therefore, President Shaffer of tbe
Association, issued a general strike ord*r, "to nected with the Amalgamated Association This modification has
take effect after the last turn of the mills on August 10 th in been made because the trust offioials deolared that we wished to force
all the districts in which there are mills owned and operated men into the organization against their will and desire. We thereby the National Steel, National Tube and Federal Steel fore asked that the soale be signed for only those men who desire it.
PROPOSITION OF THE AMALGAMATED ASSOCIATION'.
companies." The order includes practically all Amalgamated
We, the members of the Executive Board of the Amalgamated Association,
men in the United States Steel Corporation's employ not now hereby
present the following proposition as a reply to that received from the
reached.
Amalgamated
on
The
strike.
"Brethren: The
text of the call
is
as follows:
United States Steel Corporation:
of the United
States Steel Trust have
refused to recognize as union men those who are now striving for the
right to organize. The executive board has authorized me to issue a
call
upon
all
officials
Amalgamated and other union men
in
name and
li-art to
join in the movement to fight for labor's rights. We must fight or give
up forever our personal liberties.
"You will be told that you have signed contracts, but you never
agreed to surrender those contracts to the United States 8teel Corporation. Its officers think you were sold to them just as the mills,
with contracts and all. Bemember, before you agreed to any contract,
you took an obligation to the Amalgamated Association. It now calls
you to help in this hour of need.
"Unless the trouble is settled on or before Saturday, August 10th,
1901, the mills will close when the last turn is made on that day.
Brethren, this is the call to preserve oui organization. We trust you
and need you. Come and help us and may right come to a j ust cause."
—
Outlook. The strike order, while described as " general,"
of course limited to the workmen at the company's
plants where organization has been effected, the plants outside the union, in spite of the efforts to organize recently
put forth by the Amalgamated Association, beiog still
numerous. The "Iron Age" says: "The strike order will
affect only tbe New Castle and Mingo Junction Works of
the National Steel Co. The former plant shut down Tuesday, midnight, and is idle. Mingo Junction will work until
is
Saturday. The Frankstown, Republic and Riverside Works
of the National Tube Co. are claimed as union mills. Both
are skelp mills, so that the only inconvenience experienced
in the shutting down of these two plants will be to lessen
the supply of skelp. The Riverside Works at Benwood is an
important plant, but whether the men will all go out is
doubtful. Most of the mills of the Federal Steel Co. at Milwaukee, Joliet and South Chicago are union, and these will
likely suspend operations on Saturday. The number of men
who will go out on strike will be very much smaller, and
the United States Steel Corporation will be crippled much
less than was hoped for when the strike order was sent out."
Sheet Mills— All mills sismed tor last year, with the exception of Saltsburg
and Scottsdale, and with the addition of McKeesport and Wellsville.
Hoop Mills—All mills now known to be organized, viz.: Youngstown, Girard,
Greenville, tPomeroy. Warren, Painter's and Lindsay-McCutcheon, Clark,
Monessen, Mineo and bar mill, l<S-inch, 9 -inch and hoop mills Of the Cleve-
land Rolling Mills Company.
Tin Mills— All rnillsexcept Monessen.
Note— All other matters of detail to be left for settlement by conference.
We furthermore wish to state that our purpose in ooming to
York was not because we doubted our President, T. J. Shaffer, and
New
Secretary John Williams, who have our confidence and indorsement,
but in the hope of attaining settlement of the strike.
Dividend.—The company began on Wednesday paying the
per cent quarterly dividend on the preferred stock. The
distribution called for about |9,000,000.
Shelby Steel Tube Co.—The negotiations for the control of
the Shelby Steel Tube Co. were consummated successfully
this week.
Coke Properties Oa Aug. 1 the company's coke interests
in the Connellsville district were brought under one managem ent, Thomas Lynch, President of the H. C. Frick Co., becoming President, and O. W. Kennedy, becoming General
Manager, of the following concerns, which are to include, it
is said, the coke properties of the several old companies
named, viz:
1%
—
President of
Eureka Fuel Co.,
Amerioan Coke Co
Continental Coke Co.,
Coke properties included.
Federal Steel Co.
Amerioan
Steel
& Wire Co.
National Steel Co.
Bonds Called.— O^e hundred Johnson Company's first
mortgage gold bonds have been selected by lot by the United
States Trust Co. of New York, trustee, for redemption, and
will accordingly be paid, upon presentation on or after
September 1st, next, at 105, at the office of the said trustee,
45 Wall Street, New York City.-V. 73, p. 240.
I3P*For other Investment
News aee Page 295.
August
1HK CHRONICLE.
1901.]
10,
291
imports and documents.
CHICAGO & NORTH WESTERN RAILWAY COMPANY.
ANNUAL REPORT FOR THE FORTY
iND FI8CAL
The results of the operations of the Chicago &
Western Railway Company for tho fiscal year ending May
31st. 1001, are ae follows:
Average number
Orons Earnings
of miles operated, 5,507*16.
—
CffANCKH IN KlNDi:!» i.KBT
The Funded Debt of the company ehowi changes during
the year ending May 81, 1001, as follows, viz.:
Bovna Ban
Iowa Midland Railway First Mortgage
Btttnd irii/i Sinking Fund Payments,
$9,718,190 87
31.3^4,945 40
2,015,450 84
Mlsoel
C.
Total GrosB Earnings
,v
$66,000
5%
Winking Fund
67,000
Surrendered in Exchange for 0. <*.V.
n. Uy. 3V6 General Mortgage
(laid hotids of \H»7.
Kxcanaba <fc Lake Superior Ry.
First
Net Earning
Other Payments—
Interest on Bonds and Interest.
(Note —This being t lie net amount
alter the usual deductions for
dividends received on C. 8t. P.,
M. <fe O. Ry. preferred and com-
Mortgage
$81,000
N.
1,059,000
1
,220,000
Total Bonds retired in exchange for C & N. W.
Ry. i.^ n o General Mortgage Gold Bonds of
$2,250,000
1987
for Construcdeducted from surplus Net
Earnings for the year by authority
Boone County Railway First Mortgage Bonds
on hand In the company's treasury May 31,
1900, retired and'canoeled by authority of the
l.OOO.COO
Board of Directors
:
Railway
$1,108,326 96
Cost of Improvements
and Permanent Additions to ihe Property, as see statement
elsewhere
3,061,199 10
Total Bonds Retired
$3,250,000
Bonds Issued.
& N. W. Ry. General Mortgage Gold Bonds of
1987 issued in exchange for bonds (other than
Boone County Railwav First Mortgage Bonds)
$2,250,000
retired durinir the year
C. & N. W. Ry. General Mortgage Gold Bonds of
1987 issued on acoount of construction expenditures during the year
1 ,000,000
(Note.— These bonds are on hand, unsold, in
the company's treasury )
Southern Iowa Railway First Mortgage Bonds,
issued on account of 21-55 miles of road constructed during the year
481,000
(Note.— These bonds are on hand, unsold, in
the company's treasury.)
C.
4,169,526 06
225.C00 00
74,629 63
10,793,f 07 45
$5,074,681 24
Add, Income from Investments.
577.C80C0
$5,651,761 24
3,914,394 00
Dividends
charges for the year
Total Bonds Issued...
$1,737,367 24
A
table comparing the foregoing with the results of the
preceding fiscal year will be found on page 29 of pamphlet
report.
MILES OF RAILROAD.
Net Increase
in
3,681,000
Funded Debt
$431,000
on account of the exchange
of bonds described above amounts to $82,910. The annual
saving on the total amount of bonds refunded to May 31,
1901, with general mortgage gold bonds of 1987, amounts to
The annual saving
in interest
$324,625.
total number of miles of railroad in operation at the
close of the fiscal year ending May 31, 1901, was 5,576*80
miles, located as follows
The
:
59397
In Illinois
In Wiscorsln
1,640 65
521-19
In Michigan
In Iowa
In Minnesota
In South Dakota
In North Dakota
80,000
dated Gold
tion
1987
O.
J.324,751 76
mon stook.)
Amount of expenditures
Sinking Funds
Interest paid in advanoe of maturity
on bonds taken np and funded into
3*9 per cent General Mortgage Gold
&
W. Ry. Flr6t Mortgage
(Iowa Division)
C. <fc N. W. Ry. General Consoli-
$15,668,588 69
all
smkiug Fund
i
133,000
$25 851,689 35
1,318.03991
t'0,269 16
27,229,998 42
Net Income over
$997,000
ofj
Revenue Tax Stamps
of the Board of Directors, viz
Cost of Boone County
W. Ky.
N.
of 1879
O. <fe N. W. Ky.
of 1879
$43,098,587 11
Opera Una Ej/>> uses and Taxes—
Operating Expenses (59*i 8 per cent
Gross Earnings)
Taxes
of
1901.
81,
Retired "t Maturity.
From Passengers
Prom Freight
From Expresc, Mall and
Bonds
YEAR ENDING M\Y
1,45130
(04 48
«.
R
7.
093
14*28
miles.
"
"
"
"
"
"
5,576-80
In addition to which the following miles of rew railway
(referred to on pages 293 and 294) were under oon-
8500
10500
pa followe:
& N. W. Ry. General Mortgage Gold Bonds of 1987,
received from trustee on account of oonstr notion
expenditures
$1,000,000 CO
C. <fc N. W. Ry. General Mortgage Gold Bonds of 1 987,
received in exchange for C. &N. W. Ry. Sinking Fund
C.
Bonds of 1879 drawn for redemption January 31st,
1900, but which Sinking Fund Bonds were not redeemed and funded until the present fiscal year
N. W.Ry. Sinking Fund Bond s of 1879, purchased
C.
with Sinking Fundpayiuentsaocount of the drawing
of January 31, 1901, and whiohare fundable for3
General Mortgage Gold Bonds of 1987
Southern Iowa Railway First Mortgage Bonds, issued
"
'«
5,766-80
total average mileage operated during the year was
5,507*16 miles, and the statistics of this report are based upon
account of 2 1-55 miles of that road constructed during the year
„
The
such mileage.
The Company
of 8,266-29 miles.
The usual tables showing the mileage of road classified by
divisions will be foucd elsewhere in this report [pamphlet].
Mankato
<te
Total Freferred Stock and Scrip
Company
Total
1.783,000
May
Net decrease
in
1900-1901.
First- olass
From Round Trip
and
Excursion
Passengers
From
Increase.
Fares
Tola's
»
Amount. Per
$6,658,408 18
_
$500,435 49
„ .,
$6,157,972 69
41,63162
53,726 58
12,094 90
29 05
1,406 920 75
1,594,412 17
187,491 42
1,356,398 16
1,366,470 47
10.072 31
0.4
813
_..--«
1333
Commuta-
tion Passengers..
$63,847,320 53
$216,000 CO
Treasury Bonds
,
From Parlor Car
31, 1901
$3,799,000 CO
year
PAS8ENGER TRAFFIC.
Passengers
41,448,365 97
00
Details of Passenger Earnings and Traffic, compared with
the preceding year, may be stated as follows:
From Emigrant
$22,398,954 56
Stook and Sorip
Total Capital Stock and Sorip
in the treasury at the close of the
Passengers
92
$83,000 00
Ry. First Mortgage
Bonds, sold
172,000 00
Minnesota & South Dakota Railway
First Mortgage Bonds, sold
528,000 00
Boone County Railway First Mortgage
Bonds, retired and canceled
l.Of 000 00
From
2,333,688 05
Common
New Ulm
Passenger Earns. 1899-19C0.
follows, viz.:
Preferred Stock and Scrip, outstandlng.$22,395,120 00
Preferred Stook and Scrip, owned by
the Company
3, s 34 56
431,000 00
W
& N.
Ry. 3\% General Mortgage
Gold Bonds of 19o7, sold
Leaving
CAPITAL STOCK.
There has been no change in the amount of the Capital
Stock of the company during the last fiscal year, except an
increase of $40 in the amount of preferred scrip owned by
the company and a corresponding decrease in the amount of
such i-crip outstanding, and at the close of the year it was as
133,00000
$5,582,000 00
And decreased by—
O.
had in operation on May 31, 1901, in
addition to the above, 71406 miles of second main track, all
of which is laid with steel rails, and had 1,075*43 miles of
sidings and yard tracks, making a total mileage of all tracks
also
Common Stock and Scrip, outstanding.. $39,1 14,677
Common 8tock and Scrip, owned by the
3,000 00
<fe
straotlon:
In Illinois (Peoria & North Western Railwav)
In Wisconsin (Princeton & North Western Railway)
TREASURY BOND8.
At the close of the last fiscal year the amount of the
Company's Bonds in its treasury was
$4,015,000 00
This amount has been increased during this fi?oal year
'.
39,704 30
45,173 47
5,409 17
„
130O
$9,002,6s7 52
$9,718,190 87
$715.503 35
7 95
_
THE CHRONK
292
Percentage of In-
PtUtmgeri carried.
FlrntCliiAH
Seoond Clasp
Round Trip and Excursion.
Commutation
lOOO 1901. crease or Decrease
1899-1900.
5,938,373
8,009
1,767,108
8,924,851
Iu<rease
Increase
8-29 Increase
262 Decrease
184
16,944,372
16,687,841
Totals
joint Ifumber of
663
748
6,331,899
8,608
1,913,518
8,690,M47
with earth. The wooden structures replaced by permanent work during the year, exclusive of those replaced
in connection with the eonst ruction of second main tracks,
aggregate 6, $82 feet in length. The larger part of the cost
of this work is also included in Operating Acoount.
Inorease
Inorease
New
152
671
Increase
Per Cent
1900-1901.
Decrease,
1899-1900.
of Dec.
2-01
Freight Earnings. $32,008,684 48 $31,364,945 40 $64 3,739 08
Percentage of In'
1899-1900.
1900-1901. crease or Decrease.
0-67 Decrease
Tons of Freight Carried.
25,442,219
25,271,726
Tons of Freight Carried
One Mile
3 84 Decrease
3,849,367,760 3,701,417,722
Average Earnings Re1-59 Decrease
ceived per Ton
$124
$126
Average Earnings Rec'ved per Ton per Mite. '83 of a cent
-85 of a cent
2-41 Inorease
146-46 miles
3-20 Decrease
15,928,982
2-53 Decrease
4 Pasfon/jer Locomotives
Costing.
$5?>,020 26
9 Freight Locomotives
117,481 73
16,341,994
to
$172,47199
13
Total
Ohargrs for Replacement, Renewals and
Repairs of Locornotires were as follows,
1899-1900.
viz.:
1900-1901.
Increase or
Decrease.
New
Locomotives
purchased to replace others as de$1,0'5,04033
scribed above
$172,47199 $842,568 34 Deo.
General Repairs... 1,258,737 14
1,324,092 31
$2,278,777 47
$1,496,564 30
65,858 17 Ino.
$777,213 17 Dec.
New Oars were
purchased and bcilt
rythbCompany during THE YEAR TO
REPLACE OTHKKS AS
FOLLOWS, VIZ
:
Freight Oars.
Builtby IheCompany
180 Flat Cars
20 Furniture Cars
20 Refrigerator Cars
Total Mileage of Freight
Run
purchased during the year
Increase
4-39 Increase
FREIGHT TRAFFIC.
Total Miles
locomotives were
replace others as follows:
Freight Traffic contributed 72-78 per cent, or $31,864,945 40,
of the gross earnings of the company. The particulars of
the business, in comparison with the results for the preceding fiscal year, may be stated as follow:
Average Distame Each
Ton was Hauled
15130 miles
MAINTENANCE OF EQUIPMENT.
6 30 Inorease
556
[Vol. LXllll.
filled
Pauwgert
Carried One Mile
454,614,457 483,273,248
Average Fare Paid >>y Each
57 oents
84 oents
Pauenger...
A verage Fare Paid per Pas2-01 oents
1-98 cents
senger per Mile
A vert g'. Distance Traveled
27-32 miles 28-52 miles
by Each Passenger
Total Milevae of Passenger
Trains
11,419,808 12,186,566
Trains
LE.
by
1
Ore Car
1
Gondola Car
Box Car
1
Costing.
$83.264
13,757
17,610
851
32
40
13
85
86197
779 29
Freight Cars:
Loaded
Empty...
279,439,061
98,764,935
273,315,809
93,979,721
219 Deorease
4 85 Decrease
MAINTENANCE OF WAY AND STRUCTURES.
IBaggageCar
RENEWALS AND REPAIRS OF ROADWAY AMD TRACK.
171 CV€CL86
Rails Laid in Renewals— 1899-1900.
New steel rails laid. 37,405 tons
Usable rails laid....
12,880 "
Total tons laid...
Cost of Rails—
50,285
New steel rails
"
$838,456 20
232,85870
Usablerails
1
900- IP 01.
14,095 tons
15,219 «'
29,314
"
$381,"90 02
343,320 86
or Decrease.
23,310 tons Deo.
2,339 "
Inc.
20,971
"
Dec.
$456,666 18 Deo.
110,465 16 Inc.
$1,071,31190
Less, Valueof old rails.
754,927 63
$725,11088 $346,201 02 Deo.
486,419 81
26.3,508 32 Deo.
Net Charge
Ties Laid
$238,69157
$77,692 70 Dec.
£0,254 24 Deo"
Number
of Ties
$316,384 27
719,789 76
689,505 52
Laid—
Miscellaneous
Material
of
Docks
Signs
$110,156 47
$110,156 47 Inc.
$497,369 39
523,726 85
26,357 46 Ino.
$497,369 39
$633,883 32
$136,513 93 Inc.
renewals and repairs of Car Equipment.
...$1,476,675 86
Other Expenses Acct.
$1,709,257 84
$232,581 98 Ino.
$123,242 f 9
288,188 12
$122,844 1
307,839 67
$398 74 Deo.
19,651 55 Ino.
188,440 99
219,467 99
$4,350,325 33
$3,865,973 95
Equipment
New Passenger Cars
purchased for reT* ft I")
ft 1
F fl
of
of
Equipment were as
follows, viz.:
Repairs of Shop Machinery and Tools
Superintendence
Sundry Miscellaneous
Charges
.
$663,18473
$830.298 02
$167,118 29 Inc.
639,85:6 16
544,193 70
95,692 40 Deo.
100,107 25
141,569 12
41,461 87 Ino.
.
31 ,027
00
Ino.
Total charges aoot.
208,639 99
196,143 57
12.496J42 Dec.
46,358 96
44,98102
1,377 94 Deo.
$5,592,176 36
$5,540,098 83
$52,077 53 Deo.
Mainten-
Way and
Structures
$96,068 05 Ino.
and Work Car
Maintenance
Total Charges Aooount of
ance of
$979,306 47 $1,075,374 82
$979,306 47
Total acot. Freight
Total replacements,
Sundry Miscellaneous
Chargis
21,086 91Dec.
66,713 82 Inc.
and
Wharves
Repairs or Fences,
Road Crossings and
958,219 56
439,784 40
of Bridges ana Cul-
Renewals and Repairs
of Buildings
Renewals and Repairs
$117,154 96 Ino.
Total aocount Passenger Oar Equip-
Items Account of Maintenance of Way and
Structures, are:
Renewals and Repairs
Decrease.
$117,154 96
for replacements...
General repairs of
Freight and Work
Cars
$109,882 78 Deo.
Other
1900-1901.
New FreightCars built
$2,414,93191
Total Charges for
Roadway andTraok$3,933,999 27 $3,782,913 40 $151,085 87 Deo
$86,004 40
13,700 98
4,188 35
6,262 74
Increase or
1899-1E00.
ment
373,070 58
$117,154 96
$110,156 47
Total
18
Passenger Cars
Track
verts
Postal Car
OJf^TlflTAl
415,059
$2,624,784 66
Track Labor
1
p acements
1899-Ou ..2,037,284
1900-01 ..1,622,225
Decrease..
223
Total
Passenger Oars.
Purchased.
13 First-class Coaches
3 Combination Cars
For the year ending May 31, 1901, the total Operating Expenses of the Company were $25,851,689 35; of this amount,
$5,540,098 83, or 21-4 per cent, was for expenditures pertaining to the Maintenance of Way and Structures
Included
in these expenditures is the cost of 29,314 tons of steel rails
laid in replacement of rails of lighter weight in 254-67 miles
of track. Pursuant to the established policy of the Company
its Maintenance charges include the value of the additional
weight of rails, track fastenings, etc., used in substitution
for material of lighter weight to meet the requirements of
its heavier equipment and train tonnage.
The expenditures on account of Maintenance of Way and
Structures also include the cost of laying 1,622,225 new ties,
the cost of ballasting 24-68 miles of track with crushed stone,
285-84 miles with gravel, and 27-17 miles with cinders and
slag.
During the year 62 new steel bridges on masonry,
aggregating 2,769 feet in length and containing 1,289 tons of
bridge metal, were erected in replacement of wooden structures; other wooden structures were replaced with masonry
arch and box culverts and cast iron pipes, and the openings
Maintenance
Equipment
of
$491,351 38 Dec.
CONSTRUCTION.
The Construction Charges of the Company during the
year, includiug charges on account of New Railways purchased, have been as follows, viz.:
$?,028.996 56
For Second Main Track
117,922 86
For Additional Equipment
For Other Permanent Improvements and Additions to
1,924,772 88
the Property
$4,071,692 30
For New Railways:
Balance Cost ManKato & New Ulm Railway
1
Balance Cost Minnesota A South Dakota Railway
Boone
Railway
County
Balance Cost
on
ia<> ,,ai
q
*'*
a£ to-i au
Balance Cost Minnesota & Iowa Railway
BalanceCostlowaMinnesota&North Western Railway
On acoount of Southern Iowa Railway
J
j
I
[
I
3,554,123 60
Of the foregoing there was charged against
the Net Income of the fiscal year covered by this
report:
$l.0S3,064 82
On Acoount of Second Main Traoks
117.922 86
On Account of Additional Equipment.
On Account of Other Permanent Improve-
ments and Additions
1,860,21142
$3,061,199 10
Balance Cost Boone County Railway (see
note below)
635,227 32
$3,696,426 42
August
THE CHKON1CLK.
10, 1901.
SUNDRY CONSTRUCriON.
And there was charged to 'Cost ok Property":
$945,1)31 74
On Account of Heoond Main Tracks
On Account of Other Permanent Improve64,361 46
ments and Additions
On Account of New Railwayb:
Mankato A New Ulm Railway
Minnesota At South Dakota Railway
Minnesota it Iowa Railway
Iowa Minnesota & North Western Ry..
Southern Iowa Railway
the Ooaa
The extensive additions and improvem
pany's Shop Plants at Chicago, Illinois, and Clinton, Iowa.
fully described in the last Annual Report, bare been com
pleted 'I ui ing the present fiscal year.
Modern Brick and Stone Passenger station Buildings
re
]
}
m
1,847,203 98
J
$2,857,t;97 18
No
—In addition to the foregoing there was also charged agaliiHt
the NfcT Isiomk of this tlsoal year the amount expended la the prei
ous fiscal year on account of the Boone County Railway,
i
k.
l
$473,099 64.
Tables showing in further detail the Construction Charges for the
year and the Items charged against Ntr Income will be found on
pages 08 and 39 pamphlet J.
[
SECOND MAIN TRACKS.
Annual Report to the Shareholders
the construction of second Main Tracks, including the improvement of alignment and grades of the existing track
and the replacement of wooden bridges with steel structures
upon masonry, was in progress between La Moil le and Ontario, Iowa, 8392 miles; Ogden and Jefferson, Iowa, 19
miles: Jefferson and Scranton, Iowa, 87 miles, and between
Scranton and Maple River Junction, Iowa. 213 miles, in all
At the date
of the last
new Second Main Tracks have been fully
completed and opened for traffic during the year covered by
this report, and in addition thereto substantial progress lias
been made toward the completion of similar work between
Maple River Junction and ODe mile west of Denison, Iowa,
24-17 miles, which was commenced during the present fiscal
81 92 miles; these
year.
The Company's main
line
during the year at Ames, Tama and Nevada, b>
ti
Lake Forest, Illinois, and at Beloit and West Bend, v,
i-oiisin; also large new Freight Houses al Des Holm
Iowa,
Freeport, Illinois ami Beloit, Wisconsin, and less important
buildings were erected at a Dumber of Other stations on
.din
|
between Chicago and the Mis
soiui River at Council Bluffs, a distance of 490 miles, is now
a Double Track Railway with the exception of one section
of 67 miles, between Maple River Junction and Missouri
Valley, Iowa, 24 miles of which, as shown above, are rapidly
nearing completion.
The total Double Track Railway in operation by the Com-
pany at the close of this fiscal year, as shown elsewhere,
aggregates 71406 miles.
In the construction of Second Main Tracks in Iowa the
work has been carried out to conform to the adoption of a
maximum gradient of 7-10 per cent, and at the same time to
secure improvement in alignment, wherever possible, by the
elimination of curvature; the grades and alignment of the
old main tracks having been revised to correspond with the
plan of Se.ond Main Tracks. The consistent adherence to
this policy, in the construction of Second Main Track*, together with the construction of the Boone County Railway
and Des Moines River Bridge, has effected a marked improvement in the physical characteristics of the road, and
id the safety and economy of train operations.
The improvements in the districts between Tama and
Maple River Junction, inclusive of the Boone County Railway, 126-65 miles, and between Missouri Valley and Council
Bluffs, 21-53 miles (being the work most recently completed), are presented as typical of the benefits derived and
the work done.
Reduction of Grades and Improvement of Alignment.
|
ilet I'd
-
;
(
Company's railway.
To facilitate the interchange Of
traffic between the Company's Wisconsin ami Ashland Division, a track 2*51 in
in length, beginning at an intersection with the main line
of the Wisconsin Division at a point 2*8 miles north of O.shkosh, and extending to an intersection with the Oshkosh
Branch of the Ashland Division 198 miles south of IlortonAs to traffic origville, was constructed during the year.
inating on the Ashland Division north of Hortonville and
Icstined (via this new route) to points on the Wisconsin
Division south of Oshkosb, a saving in distance f about
six miles has been effected, and more favorable grades secure! as compared with the Company's line via Appleton
Junction.
The spur track referred to in the last Annual Report to
the Shareholders, extending from an intersection with the
Company's main line at Perkins (now Winde), Michigan, in
a general northeasterly and northerly direction through
Delta and Alger Counties, in that State, for a distance of
244 miles, has been completed during this fiscal year.
The Company has now undertaken the construction of a
branch railway 17 8 miles in length, extending from Pelican,
on its Ashland Division, in a general northeasterly direction,
through Oneida and Forrest Counties, Wisconsin, to the
town of Crandon, in the latter county.
A large acreage of the Company's land grant timber (hardwood) lands, located in the counties through which these
extensions pass, has heretofore been too far removed from
transportation facilities to admit of being advantageously
disposed of. The construction of these extensions brings
such lands into market at enhanced values and secures the
transportation of large quantities of timber products and
<
manufactures.
NEW
THE INTEREST
AND ABSORBED BY, THE CHICAGO & NORTH
WESTERN RAILWAY COMPANY.
The following new lines of railway, the construction of
LINES OF RAILWAY CONSTRUCTED IN
OF,
in progress at the date of the last Annual Repoit
to the Shareholders, and which were fully described therein,
have been completed and opened for traffic during the fiscal
year covered by this report:
which was
Iowa MtNNKSoTA & North Western Railway.
19416 miles
From Belle Plaine, Iowa, to Fox Lake, Minnesota
Mankato & New Ulm Railway.
25 59 ml'es
From Mankato to New Ulm, Minnesota
Minnesota & South Dakota Railwat.
32*20 miles
Fiom Tyler, Minnesota, to Astoria, South Dakota
Boone County Railway.
Tama to La Moille, 26-15 miles: Grades of 52, 53 and 56
7-25 miles
From Booi.e to '8 of a mile east of Ogden, Iowa.
feet per mile of aggregate length of ll 3^ miles reduced to
Note.— As shown elsewhere herein, the entire cost of this railway,
grades of 26 and 37 feet per mile. Byre-location and correc- amounting to #1,108,326 96, has been charged against the net income
or the present fiscal year, and the bonds of tbe Boone County Railway
tion of line 81° 42' of curvature were eliminated.
<$l,CO0OOO In amount) reoelved by the Chloago & North Western
La Moille to Ontario, 32-92 miles: The maximum gradient It ill way In payment for its construction, have been canceled.
of 53 feet per mile was reduced to 37 feet per mile. The reAt meetings of the Board of Directors of the Chicago &
location of four miles of this portion of the line effected the North Western Railway Company held on June 7, 1900, and
elimination of 94° 15' of curvature
December 12, 1900, appropriate action was taken looking to
Ontario to Boone, 10-73 miles: Grades of 53, 50 and 13 feet, the union of the lines of railway under construction in the
aggregating three miles in length, reduced to grades of 37 interests of, and whose entire capital stocks are owned by,
feet, lfrj£ feet, and level grade, respectively.
this Company.
Ogden to Maple River Junction, 48 miles: The maximum
At the Annual Meeting of the Stockholders and Bondholdgrade of 64 feet was reduced to 37 feet per mile, the work ers of the Company, held at its office in the city of Chicago
consisting mainly of the cod version of numerous short steep on June
6, 1901, affirmative action was taken by unanimous
grades into long regular grades of the maximum rate.
vote to ratify, confirm and perfect the acts and proceedings
Missouri Valley to Council Bluffs, 21-52 miles: Maximum of the Directors, and the officers of the Company were
grade of 50 feet per mile reduced to 13 feet per mile; 65° 29' authorized and empowered to acquire title to said railways
of curvature eliminated.
and to complete the union with this Company by proper and
The construction of Second Main Tracks, together with sufficient conveyances.
the re- arrangement of station tracks in these sections, has
The lines of railway taken over by the Chicago & North
eliminated one hundred and eleven (111) facing point Western Railway Company at said meeting by proper deeds
switches. At the same time new interlocking plants have of conveyance were as follows:
been constructed for the protection of grade crossings at
SOUTHERN IOWA RAILWAY.
Tama, Ames, Ogden, Grand Junction (extended) and Jefferson, and a plant at Marshalltown is now under construction.
This railway begins at an intersection with the Belle
Plaine-Muchakinock branch of the Chicago & North Western
Railway at, or near, Stark, Iowa, and extends in a general
BOONE COUNTY RAILWAY.
southerly and southwesterly direction through Mahaska
Boone to Ogden, 11-30 miles (old distance): The abandon County and into Monroe County. Iowa, and, including two
ment for through traffic of the old line between Boone and branch railways, is 56 miles in length. It reaches extensive
Ogden, and the construction of 725 miles of standard coal properties owned, and being acquired in the interest of
double-track road on new location, including the import- the Chicago & North Western Railway Company. During
ant and noteworthy double track steel viaduct and bridge, the year covered by this report 21'56 mi'es of this railway
2,685 feet long, over the Des Moines River and Val'ey. has were completed.
enabled the complete avoidance of the Moingona Hill, on
To provide funds for its construction. Southern Iowa Railwhich there is a grade of 79 feet per mile, requiring expen- way Company first mortgage gold bonds for the aggregate
sive pusher service. The general results of this work are: amount of $1*120.000 (being at the average rate of §20,000 per
Reduction in grades from maximum of 79 feet per mile to mile of road) were authorize', of which $431,000 have thus
33 feet per mile; reduction of three miles in distance, and far been issued and are held, unsold, in the treasury of the
the elimination 834° 18' of curvature.
Chicago & North Western Railway Company.
THE CHRONICLE.
294
PRINCETON A NORTH WESTERN RAILWAY.
This railway begins at an intersection with the Chicago Sf
North Western Railway, at or near Princeton, in Green
Lake County, Wisconsin, and extends in a northwesterly
direction through the counties of Marquette, Waushara and
Portage to a connection with the Chicago St. Paul Mir
apolls
Omaha Railway at Marshfleld, in Wood County.
Wisconsin, with branches from Grand Rapids to Neko
and from near Neshkoro to the Red Granite quarries, making in all 105 miles of railway. The work of construction
was commenced on November 1. 1900. and it is expected
will be completed on or before November 1, 1901.
To provide funds for the construction of this railway.
Princeton & North Western Railway Company First Mortgage Gold Bonds for the aggregate s mount of $3,100,000
(being at the average rate of $20,000 per mile of road) have
been authorized.
PEORIA. A NORTH WESTERN RAILWAY.
This railway begins at an intersection with the main line
of the Chicago & North Western Railway at Nelson, in Lee
County, Illinois, and extends in a southerly direction
through the Counties of Whiteside, Bureau. Stark and
Marshall to the City of Peoria, in Peoria County. Illinois, a
distance of 85 miles. The construction of this railway was
commerced on March 4, 1901. and it is expected will be
&
completed in December,
]
901.
To meet the cost of its construction, Peoria & North
Western Railway Company First Mortgage Gold Bonds for
the aggregate amount of $2,125,000 (being at the average
rate of $25,000 per mile of road) have been authorized.
LANDS.
The report
Land Commissioner
for the year ending
gives the transactions of the Land Department
for the year. From this it appears that the total quantity
of lands sold amounted to 43,753-44 acres and 1 ,627 town lots,
the total consideration received, payable in cash and in
time instalments, being $582,370 55. The acreage sold from
the respective grants was as follows:
A verage
May
of the
31, 1901,
Acres.
Minnesota Grant
Michigan Grant
Wisconsin Grant.Ashland Division Lands
23,975-43
4,163-44
10,187-53
Consideration, per Acre.
$213,455 30
33,9/4 05
100,85172
9,05160
5,42704
43,753-44
Town
Lots sold, number 1,627
Miscellaneous Lands
$8 80
8 15
9 90
Tic- gross receipts from land grants and town lots, den-d payments. interest on deferred payments, trespasses
and Btumpage, were $614,720 00. The net receipts, being
fer
the amount after deducting expenses of operation and the
Cost of lands purchased for town sites, were $490,568 15, The
land-; sold, not required by the
r< ceipts from miscellaneous
Company, amounted to $36,450
The total acres remaining in the several grants May 81,
1901. amounted to 659,298*48 ere..
f which 99,015-06 acres
were an der contract f< r Bale, leaving 560,278*43 acres unsold.
Mr Martin L. Syke-. who for more than thirty years has
occupied the position of Vice-President, Secretary, and. for
a portion of
he time. Treasurer, of this Company, voluntarily retired from its service at. the close of this
ar.
ami Mr. Eugene E. Osborn was elected Vice-President and
.
t
I
Secretary.
In accepting the resignation of Mr. Syl.es the Board of
Directors adopted the following minute:
"While deeply reerettlng hi= retirement from the executive poeition
he has filled so long, faithfully, and ably, we recognize that he has
earned the rU'ht In his own time, and at his own pleasure, for rest
from the cares and labors of business. During his fifty-six years in
the railway service he has been one of the factors in the growth of the
vast system of transportation which has developed our country. For
thirty-three years as Vice-President and Treasurer he has had the
custody and administration of the revenues of the Company. During
that period of great extensions of the North Western System and
wonderful lncreaee in its receipts and expenditures, his duties have
grown in importance and imposed upon htm larger responsibilities.
It is a proud reminiscence for him, and a most gratifying history for
the Directors and 8toolihoMer8 of this Company, that for a third of a
century in the handling of vast sums and the discharge of most Important trusts, Mr. Sykes stands as a conspicuous example of the best
type of a financial officer. He carries with him in his retirement cur
best wishes for long life and health, and the enjoyment during a serene
old age of the joys of a well spent and happy life."
Appended hereto will be found the usual statements,
accounts and statistics relating to the business of the year,
and the condition of the Company's affairs on May 31, 190!,
including those of the Fremont Elkhorn & Missouri Valley
Railroad
Company.
MARVIN HUGHITT,
167
$357,282 67
185,588 90
39,498 98
LXXLI.
[Vol.
President.
Office of the
Chicago & Nobth Western Railway Company,
$582,370 55
August, 1901.
NORTHERN PACIFIC-GREAT NORTHERN FOUR PER CENT JOINT BONDS.
CHICAGO BURLINGTON & QUTNCY COLLATERAL.
OFFICIAL STATEMENT IN CONNECTION WITH THE LISTING OF THE BONDS ON THE
NEW YORK
STOCK EXCHANGE.
New York, July 24, 190'.
Application is hereby made for the listing on the New
York Stock Exchange of not exceeding $222,400,000 par
value of Northern Pacific-Great Northern Four per Cent
Joint Bonds, Chicago Burlington & Quincy Collateral.
The bonds are dated July 1, 1901, and mature July 1,
1921.
Interest thereon at the rate of Four per Cent per
annum is payable on the Coupon Bonds on January 1 and
July 1, and on the Registered Bonds on the first days of
January, April. July and October in each year.
The bonds are redeemable on any first day of January or
July after January 1, 1906, at 105 and accrued interest, but
not less than $1,000,000 par value can be called for redemption at any time, and no Registered Bonds can be redeemed
until all outstanding Coupon Bonds have been paid. If
less than the whole amount of bonds is to be redeemed at
any one time the bonds so to be redeemed shall be selected
by lot.
The Coupon Bonds may be exchanged
for a Registered
interest payable quarterly
on each first day of January, April. July and October.
The Registered Bonds, in the manner prescribed in the
Trust Indenture, and upon payment of the charge therein
provided, are exchangeable for Coupon Bonds of the same
aggregate principal sum.
These bonds are the direct joint obligation of the Northern
Pacific Railway Company and the Great Northern Railway
Company, and are issued in purchase of the Capital Stock
of the Chicago Burlington
Quincy Railroad Company in
accordance with the terms of the circular issued to the
stockholders of the Chicago Burlington
Quincy Railroad
Company dated April 29, 1901, signed by Francis W. Hunnewell, Chairman, copies of which are herewith submitted.
Bond without coupons, bearing
&
&
The bonds are secured by a Trust Indenture, executed by
the Northern Pacific and Great Northern Companies to the
Standard Trust Company of New York, as Trustee, covering all the shares of stock purchased. The total amount of
bonds issued under the Mortgage can never exceed the
aggregate principal sum of $222,400,000, nor twice the par
value of all shares of the Capital Stock of the Burlington
Company that shall have been assigned and transferred to
the Trustee under the Mortgage in exchange for bonds cer-
and delivered thereunder. There have already been
purchased, assigned and transferred to the Trustee 1,075,772
shares of the Capital Stock of the Chicago Burlington &
Quincy Railroad Company, and the Trustee has certified
and delivered $215 153,000 par value of said Joint Bonds
against the same. The remaining bonds authorized to be
issued under the said Indenture can only be issued upon
delivery to the Trustee of certificates accompanied by duly
executed instruments of assignment and transfer for any of
the remaining shares of the Capital Stock of the Burlington
Company now outstanding, or which under existing obligations it is to issue and deliver: $1,000 par value of the tonds
so reserved may be delivered for each $500 par value of such
shares of the Burlington Company so received by the Trustee.
By the terms of the Mortgage, bonds may be issue 1
originally, either as coupon bonds or as registered bonds,
and thereafter such bonds are transferable, either from
coupon to registered bonds, or from registered to coupon
bonds. Such transfers are governed by the following provision of the Mortgage
"Whenever any registered bond without coupons issued under and
secured by this Indenture shall be surrendered for exchange for a
coupon bond or bonds, the Railway Companies, upon payment of the
charges therefor, shall issue, and the Trustee shall certify and in exchange for such registered bond shall deliver a coupon bond or coupon
tified
:
bonds for the like aggregate principal sum, with tue coupons maturing on and after the first day of January or the first day of July n«xt
after the date of such exchange; but if suoh exchange shall be made
less than three months prior to any first day of January or first
day of July, the holder of such surrendered registered bond, at the
timeof such exchange, in adjustment of the Interest on such bonds,
shall pay to the Trustee to the credit of the Railway Companies, a sum
equal to the quarterly instalment which shall have matured on such
registered bond in respect of the' interest represented by the coupon
next maturing upon suoh coupon bond or bonds."
The Railway Companies covenant:
That in case hereafter there shall be issued any shares of the
Capital Stook of the Burlington Company, in addition to the shares
that now are outstanding, or that may be issued in exchange for the
Convertible Debentures of said Company now outstanding, or that
may be issued to the holders (other than the Burlington Company) of
the shares of other corporations whose franchises and property have
been purchased by the Burlington Company, or that may be issued to
any other party or parties now entitled to demand stook of the Burlington Company, then the Railway Companies will assign and transfer, or will cause to be assigned and transferred, to the Trustee, by It
to be held subject to the trusts of this Indenture, suoh part of 6uch ad(a)
Al<.i>t
10,
THE CHRONICLE.
1901.1
altional Capital Stock as shall bear a like proportion to Ou
entire Capital Htook of the Burliniuou Company previously
and transferred to the Trustee hereunder;
(i>> That they will not, by affirmative vote or by abHtaliilii*.' from voting, sanction or permit the iiaue of any bonds by the Burlington
puny, except for the refunding of lt« existing obll^auoun, nr f.
acquisition of additional properties, or for betterments or Imp
ments. or for other lawful purposes of the Burlington ( lompan]
(c) That no proceeds of any bombs that may be Issued by the Hurling
ton Company (except such orocceds to an amount QOtexoeedlni
undivided siiiplus that shall have been accumulated by the Burling
ton Company after July I, l'.KH), snail be used to pay any part of the
bonds secured by this indenture unless all the bonds hereby secured
shall then be paid;
Ult That no part of the surplus of the Burlington Compam
i
1, 1901, In which surplus are included the shares ot other
corporations now In the treasury of the Burlington Company v.
franchises and property have been purchased by the Burlington Com
pany, as also any shares of said Burllugton Company that might be
issued In exchange for such shares of suoh other corporations, shall be
distributed as a dividend among the stockholders, unless all the bonds
secured by this Indenture shall then be paid
(e) That they will cause all repairs, renewals and replacements,
necessary to maintain the railroads, structures, locomotives, oars and
other equipment, tools and other property of the Burlington Company,
In their present good order and oondition, to be made out of the earnings of said railroads and other property, and will oonsent and do
hereby oou.-eut that the said railroads and other property and the
books of account of the Burlington Company may bs from time to
time Inspected personally by anv member of the present Executive
and Finance Committee of the Burlington Company, with any m
aary oleiioal assistance, and suoh members, upon their request, shall
be furnished with free transportation over all the lines of the
Burlington system
(/> That the following provision In the bonds scoured by this Indenture, to wit
"all such shares having been acquired under an agreement between the Northern Paoltio Company and the Great Northern
Company, that If either of said Railway Companies shall default
in its obligations to the other in respect of the bonds of this issue,
by reason of bankruptcy. Insolvency, or other cause, disabling it
from performing the same, the pledged shares belonging to suoh
Company so In default thereafter shill become and be the property of the Company not In default, which thenceforth shall be
liable In severalty upon all covenants herein oontalned"
may be enforced against either or both of said Railway Companies by
the Trustee in the interest and for the benefit of bondholders by any
such aotlon and by any suoh legal proceedings as may be deemed
necessary and appropriate.
Companies will additionally en(</) That neither of said Railway
o uuber its existing lines of railway by any new mortgage thereon, except by way of further security for bonds issued under existing mortgages of said railways, or to secure boi<ds issued to refund bonds secured by existing mortgage of said railways, unless, by the terms of
f-ueh new ir ortgage. It shall be provided that any balance that the inortg igor shall be bound to pay on account of the bonds seoured by this
Indenture after the application of the stook pledged hereunder, shall
be Included In the debt secured by said new mortgage
on July
;
not sanction or penult the execution by in,
an
the railways In
u uulesa
lease be made subjeci to termination by the Burlington Com
ares of the Capital Stook of the Burllngfe
astee hereunder shall be sold because of an] A< feu
iray Companies hereunder, or shall be retaken by the hoi
bonds herebj secured In exchange for their bonds pursuant to
an ft ol Article Klve her< of and
to That they win not lanotion or permit theaale byttu
Company of the raiiwajs In its »> item or or any essential parttoi
p be
of, or of the securities representing the same, um
is or ma
made that so much of the oonsldl ration for auob
the holders of the shares ol the Capital Stool ol
Burlington OompaD] pledged hereunder, upon ih<- prorate
Hon thereof among all the stockholders of the Burlington Com pa
shall be delivered to the Trustee hereunder by it, to be held as furiuer
security for the bonds hereby secured.
..upon Bonds Nos. l to 35,188, inclusive, hare been issued,
(/(I
Thit they
Murllugton
Pacific Steel Co.— Mortgage.— The company has made a
to the Trust Co. of America of New York as trustee to secure $500,000 of 6 per cent bonds of $1,000
each, dated March 1, 1901, and 'subject to call at 105 at any
interest period. Only $140,000 bonds will be issued at present.
The company owns buildings and furnace, and has
under option several hundred acres of land and several iron
mines. G. D. York of 71 Broadway is interested.—V. 72, p.
mortgage
343.
—
Pocahontas Coal Co.— Option Extended. The company's
option on the stock of the Flat-Top Land Association has
been extended to Oct. 1.—V. 73, p. 142.
Republic Iron & Steel Co.— Dividend Prospscts.—An
and director is quoted as saying:
of-
ficer
It Is true that our earnings are ample to warrant a disbursement on
the ordinary shares, but the question arises, would it be good policy
to make suoh a distribution during these uncertain times, when the
labor troubles are a grave menace to the business situation? For my
part I do not think such action would be prudent. I cannot speak for
the rest of the board, but will say this much, that they are all soundminded, thinking men.— V. 71, p. 1170.
—
Stearns Automobile Co. — New Company
This company
being organized with $9,500,000 of authorized capital stock
(of which $5)0,000 is 6 per cent preferred) to manufacture a
hydro-carbon vehicle according to the plans of E. C. Stearns,
of Syracuse, N. Y., the well known bicycle manufacturer,
who will be the President and General Manager. The company, it is said, has facilities at Syracuse for turning out 10
vehicles daily. These vehicles weigh loaded about 650 pounds
each and retail at $700. The par value of the shares is $35.
is
Tinteru Manor (N. J.) Water Co.—Acquisitions.—This
company, which was incorporated in New Jersey on Nov.
17, 1899, with $2,000,000 stock, all outstanding, has acquired
the Long Branch Water Supply Co., the Deal Water Co., the
Seabright Water Co. and the Middletown Water Co all
having works in operation except the Middletown Water
Co., which has merely a franchise.
new central plant, to
take the place of all the present plants,— with a capacity, it
is claimed, of 25,000,000 gallons daily, is under construction
at Swimming River, near Red Bank, and will be completed
late in the autumn of 1901 or early next spring.
The terri
tory now served extends from Long Branch as far south as
Deal Beach, but it is expected next year to supply Allenhurst and possibly Asbury Park as well. The President is
Joseph J. Jermyn, of Scranton, Pa.; Vice-President, Rnfus
Blodgett, Long Branch, N. J.; Treasurer, John L. Wentz,
Scranton, Pa.
General office, Eatontown, N. J.; N. Y.
,
A
office,
65
Wall
Street.
Toledo (0.) Was Light & Coke Co.— Offer
to Lease. -Tbe
offered to lease the city's plant for a term of
twenty years at an annual rental of $6,000.—V. 72, p. 584.
company has
United Frnit Co.— Circular.— A circular has been sent to
the stockholders regarding their right to subscribe at the OU
Colony Trust Co. of Boston until noon to-day for ten-year
ol
•
l,
|
i
;
i
mid the revenue stamps required by law have been attached
nf sumo. Tho balance or the $215,158,000 of bonds which
have been issued were originally issued in the form of tem
porary Registered Bonds, and the required revenue .statu).
b attached thereto.
There are herewith submitted: Copies of the circular of
April 29, 1901, under which deposits of the Burlington stock
were made; Certified Copy of the Trust Indenture securing
the Joint Bonds; Trustee's Certificate, showing the transfer
to it of the deposited stock and the number of bonds certified and delivered; Specimens of Bonds; Opinions of Counsel.
Very
respectfully,
NORTHERN PACIFIC RAILWAY COMPANY,
By Daniel S. Lamont, Vice-President.
GREAT NORTHERN RAILWAY COMPANY,
:
;
will
Company
By W.
P.
CLOUGH, Vice President.
New
York, Ausust 2, 1901.
Committee on Stock List,
under authority from the Governing Committee of the Stock
Exchange, directed that the above mentioned §215,153,000
Northern Pacific Great Northern Gold Four per Cent Joint
Bonds, Chicago Burlington & Quincy Collateral, Coupon
and Registered, be admitted to the list, viz.: $25,183,00 J of
Coupon Bsnds for $1,000 each, Nos. 1 to 25,183 inclusive,
and $189,970,000 Registered Bonds of various numbers and
denominations. The Committee further directs that there be
added to the list from time to time $7,247,000 additional of
said bonds, on official notification that they have been
At a meeting held
this day, the
delivered in accordance with the terms of the Trust Deed,
making the
total
amount
to be listed $222,400,000.
gold bonds, at par, on the basis of one
The issue has been
underwritten. Tue circular says in part:
The company will make an agreement with the Old Colony Trust
Co., as trustee, providing that in case any mortgage or incumbrance
shall be plaoed upon its property, the above bonds will be entitled to
share in the seenrlty equally with any bonds or notes intended to be
secured thereby, and also providing that the company shall retire
$100,000 par value of the said bonds every fiscal year, beginning
Sept. 1, 1902, if they can be procured on the general market or at
private sale for a price not exceeding 110 per cent of theprinoipal and
aoorued Interest. Subscriptions must be paid as follows: 50 per
oent on or before Aug. 15, 1901; 50 per oent on or before Sept. 16,
191)1. The payment ot the second Instalment of subscription may be
anticipated. The bonds will be dated Sept. 1, 1901, and will bear in5 per cent convertible
$1,000
bond for forty shares of stock.
from that date.
In order to round out and bring to a full development the opportunities for the company's business, a capital expenditure of $5,000,000 has been made since that time. This large expenditure on capital
account, which is now complete, has resulted In the creation of a floating debt, which, including under this head the $1,750,000 of two year
notes due Oot. 1, 1901, should, in the opinion of your board of directors, be capitalized. During 1900 approximately $1,100,000 of this
expenditure was capitalized by an Issue of stook, and now r3, 000,000
addition is to be capitalized by the sale of $3,000, uOO of convertible
bonds The balanoe of about $900,000 of capital expenditure has In
good part been paid for from earnings, and the small amount of indebtedness left after the sale of the bonds will be taken care of from
the future earnings of the company.
The company reserves the right to issue $2,000,000 additional
bonds of the same character and such reservation will be made In the
agreement with the trustee for the bondholders. No issue of bonds in
exoess of $3,000,000 is. however, contemplated at the present time.
The appropriations for capital expenditure the coming year are not
expected to be so large, but that the entire amount can be oharged to
operating expenses. Unusual circumstances ooupled with delays in
commencing operations in Cuba 'rendered the profits during the early
part of the summer season less than were anticipated, but the business
of the company has been good for the past two months and the indications of its continuance are promising. Your directors continue to
have entire faith in the great value of your business, and reoommend
to you the subscription to the bonds offered you in the circular of your
terest
Treasurer.
These bonds are convertible iuto stock at the option of the
holder, par for par, at any time on or after Jan. 1, 1903, and
are redeemable in whole or In part at the option of the company on any semi-annual coupon date after Jan. 1, 19i)3,
at 110 and accrued interest; but no redemption shall
made except on sixty days' notice and provided that
for thirty days after such notice the right for conversion
shall continue in force.— V. 73, p. 240.
United States Steel Corporation. -See page
290.
Virginia-Carolina Chemical Co.— Protective Measures.—
See American Cotton Oil Co. above.— V. 73, p. 240.
Xenla(0.) Electric Heat, Light & Power Co.—Proving
Bonds.— By order of the Circuit Court of the United States for
the Southern District of Ohio, the owners and holders ot the
mortgage bonds of the company are required to present such
bonds to B. R. Cowen, Clerk of the Court, at Cincinnati, O ,
on or before Sept. 10, 1901, and make due proof of ownership
thereof under penalty of being forever barred from setting
up any claim to the proceeds of sale of the mortgaged property now in the registry of said Court.—V. 70, p. 234.
THE CHRONICLE.
296
3?Ixc
CO T T
(Ssommtxtiiil %xmcs,
COMMERCIAL EPITOME.
Friday Night, Aug.
!)
1901
The
attention of the business interests in both commercial
and financial circles has been centred largely upon the de-
LX2IU.
[Vol.
O N
.
Friday Night, August 9, 1901.
The Movement of the Chop, as indicated b> our telegrama
from the South to-night, Is given below For the week ending
this evening the total receipts have reaohed 18,002 bales,
againBt 23,021 bales last week and 24,553 bales the previous
.
week, making the total reoeipts since the 1st of Sept., 1900,
7,523,341 bales, against 6,537,016 bales for the same period of
1899-00. showing b n inorease since Sep. 1 1900, of 986,330 bales.
,
velopments in the steel strike. The U. S. Steel C^rp'n has succeeded in starting up a few mills, and among miny the impression seems to be that the strikers will soon begin to yield.
At any rate the general business situation has not been dis
turbed as yet; in fact, in some instances fair progress has
been made towards the opening up of the fall trade. Latest
advices received from the recent drought-stricken section of
the West indicate that the shortage of the corn crop will not
interfere seriously with the business prosperity of the Middle
West. Weather conditions for the week have been generally
favorable, although in some sections of the Southwest it has
been reported that rains are needed.
Lird on the spot has been easier and at the lower prices
exporters have been limited buyers. The close was steadier
at 8'95c. for prime Western and S^OdS^Sc. for prime City.
Refined lard has been in more active export demand, but at
slightly lower price?. The close was steady at 9«05c for re-
Hon.
Tues.
905
8-92
Wed.
289
15
3,555
693
765
13
1,393
371
3
7,161
160
4,843
Javannah.
Bransw'k.Ac.
231
792
2,437
8J
35
2,137
1,275
25@16 50 for family and $16 00@t7 00
Cut meats have sold slowly and prices have
sagged, closing at 7@7 14'c. for pickled shoulders, 11@11 J^c.
for pickled hams and 9@10c. for pickled bellies, 14@10 lbs.
average. Beef has been in slow demand; prices have held
steady at $9 50@10 for mess, $10 50@11 for packet, $ll@12
for family and $15 50@16 00 for extra India mess in tcs.
Tallow has been quiet but steady at 4%c. Stearines have
had a moderate sale, closing at 101^". for lard and 9^@9^o.
for oleo-stearine. Cotton seed oil nas been dull and unsettled at 38@39c. for prime yellow.
Butter has had only a
moderate sale, and the close was easy at 16@20^c. for
creamery. Cheese has been in slow demand. The close was
flat at 7@9%c. for State factory, full cream.
Fresh eggs
have had a fair sale, and best grades have held steady at 17c.
for choice Western.
Brazil grades of coffee have been in moderate demand and
steady. Although the crop movement has been fairly large,
it has not been in excess of expectations, and with prices on
their present low basis there has been no aggressive selling.
The close was steady at 5%c. for Rio No. 7. West India
growths have been freely offered and a large business has
been transacted on the basis of 7c. for good Cucuta, closing
steady. East India growths have been flat. Speculation ia
the market for contracts has been fairly active, but it has
been largely the transferring of long contracts in September
to the more distant months. Following are the closing asked
prices
Aug
4-95o. Nov.
5-50<*
5-15o. March
Sept
5-05e. Deo
525o. May
5-60o
Oot
510o. Jan
5"35c. July
575oi
sugars have been quiet, although a few small lots
have been sold at unchanged prices. The close was easier at
4%q. for centrifugals, 96deg. test, and 8 9-16c. for muscovado,
89-deg. test.
Refined sugar has been dull and unchanged at
5 "350. for granulated.
Glucose has been advanced. Other
staple groceries have been without changes.
Kentucky tobacco has been in moderate demand and has
sold at steady prices. Seed leaf tobacco has been dull. Only
small sales have been made, aggregating about 500 cases.
Prices have continued largely nominal. Foreign tobacco has
been rather easier. Sales of Havana have been 600 bales at
30@60c. in bond and about 200 bales Sumatra at 60c. @$1 85
in bond.
Business in the market for Straits tin has been quiet.
Prices have decUned under moderate offerings. The close
was steadier, reflecting stronger cable advices at 27@27*25c.
Ingot copper has been dull and the prices have been lowered
to lfij^c. for Lake. Lead has been quiet and unchanged at
4-37>^c.
Spelter has not changed from 3-90@3-95c. PiR-iron
has been dull, awaiting the strike developments, closing at
......
......
26
53
898
301
186
51
212
6
50
43
377
221
1.894
304
301
News, 4o.
Sew York
787
11
1
83
1,654
Boston
Baltimore
Ac,
97
week
2876
Phlladel'a,
Tot. this
»
58
j
•••
3,112
2,286
......
118
258
88
2,152
3,177
4,099
2,710
101
258
253
18,002
The following shows the week's total receipts, the total since
int. 1 1900. and the stook to-niebt. compared with lap* year.
8
.
19001901.
Receipts
Aug.
!«
9.
Tkis
week.
This
week.
3,555 2,127,006
......
50,380
4,843 2,435,821
85 109,378
184,300
2,437
1.275 1.073,614
787 132,431
11 232,301
1,773
83 258,176
Slew Orleaai-
Moblle
P'sacola.Ac.
ia van nali...
Br' wick, Ac.
dharleston..
P.Royal.Ao.
Wilmington.
Wash'n, Ac.
101
258
253
.
Phlladel.Ac.
1901.
1900.
194 1,701,386
87,345
37,037
1,038 1,859,145
58,031
5,208
279,702
799
407,634
34,348
80,471
118,961
101,589
49,079
11
414
673
336
151
41
2,913
....
32,406
4,251
...
1,235
35,462
156,534
197,020
71,910
27,619
2,710
Stoek
Since Sep.
1, 1899.
55 198,697
1
152,096
1,566 1,080,122
121,881
5 262,476
522
429,019
1,654
fforfolk
N'port N.,4o
New York...
Baltimore
1899-1900.
Since Sep.
1, 1900.
7,962
7,788
821
2,005
.....
2,105
•
3,030
••r
18,496
271
170,111
4,500
2,270
1,845
1,244
412
38,609
2,000
2,816
2,173
99.707
4,515 6,537.016 ~803,957
18,002 7,523,316
bales deducted from Savannah as correction of re
Totals
Note.— 8,392
oelpts since Sept. 1.
In order that comparison may be made with other yean
ve give below tbe totals at leading norts for six seasons.
at—
Receipts
Salves'n.Ao.
New Orleans
Mobile
Savannah .
.
Ohas'ton, Ao
Wllm'ton, Ao
3,655
4,843
35
1,275
11
194
469
1,775
55
118
492
1,566
5
11
83
1898.
1,038
411 others...
6.546
441
673
529
wk.
18,002
4.515
1,654
Norfolk
N.
1899
1900.
1901.
News, Ao.
1897.
161
1,329
276
236
405
1896.
2,436
3,377
22
4,663
9,284
95
19
12
26
79
1,222
133
3,713
830
1,330
118
6
489
281
176
8,065
3,867
7,396
16,370
21
2
1,397
11
619
78
|
!
I
Cot. this
I
Raw
3lnoe Sept. 1 7523.346 6537,016 8400.2^2 8619.326 6692,401 5232.238
i'be exports for tbe weekenaing tms evening reaon a toca*
of 44,092 bales, of which 11,011 were to Great Britain. 4,3 5l
bo
to the rest of the Continent. Below
exports for the week and slnoe Sept. 1, 1900.
fVttk Mndtm Aug. 9, 1901
from Bert- 1, 1900, tc Auq. 9 1901
France and 23,730
we the
Sxporte
BxvorU
rom—
Sew
Bxporttd to—
to—
Orm:
Contifrmnce
Brit'n.
nent.
861,310 326,811
6.195
884.736 321204
33,678
71.777 23.426
174.118
66,211
70.877
6O0
Ac.
Orleans.
Mobile
Peniaoola
8.385
2,137
gaTannah
Bramwtck
.
.
Charleston..
Port Royal...
Wilmington.
Norfolk
Refined petroleum has been unchanged, closing steady at
7-50 i. in bble., 8-50c. in cases
and
9 "050.
4-95c. in bulk.
Naphtha
Credit balances have been
steady at $1 23. Spirits turpentine has been firmer, closing
at 37@37J^c. Rosins have been unchanged at $1 40 for common and good strained. Hop3 have been dull and unchanged.
Wool has been in moderate demand and steady.
1,185
1,685
New York
3,439
3,937
7,428
Boi ton
Baltimore
15
2,623
2,638
Philadelphia..
3an Fran,, 4c,
Total
4.203
4,203
11.011
4,351
trance
Britain.
4,361
aalreiton
Sab. Pasi,
l
Qrtai
N'port N., 4o..
13@15-50c.
has been unchanged at
8
......
....
787
......
••••••
1
S'p't
prices have been quoted for pork, and at the decline business has been fairly active, closing steady at $15 00
for short clear.
162
51
2
Pt. Royal, Ac
Norfolk
18
6
Wilmington
Wash'ton.Ao.
Sab.P.,Ao.
for mess, $16
1
Jharleston.
Jalveston...
@16 00
Total.
471
Frt.
Lower
Fri.
1,121
8-95
8 90
Tkurs.
798
8 92
9*05
Wed.
Tues.
861
Thurs.
Sat.
August
Mon.
Sal.
Jalveston
Bab. Pass, Ac.
tfew Orleans..
Mobile
Pensaoola, Ao.
fined for the Continent.
Speculation in lard for future delivery has been moderately active.
Early in the week prices
declined under aggressive selling, but at the close recovered
part of the loss.
DAr.LT CLOSING PRICES OF LARD FOTURB8.
at—
Receipts
Oonti-
7ot«(.
runt.
654 125 1,742.249
81.354
36.649
793.2tl 2,009.181
19.690
53.268
63.630
151.882
657.781
766,778
28,533
94,744-
70,162
1*0,589
77,379
14,782
116,056
288.439
6,695
21,377
27,3.9
291,960
826.213
82.117
3,899
4.460
31.789
611,611
828,880
142,419
5.001
89.295
3,210
82.337
600
284,264
8.667
60,002
1.108
86.055
41,092 3,009,525 728,829 2,700,677 6,433,631
28,730
(
Total. 1890-00
20.179
13,107
83,286l2~311,654 691,656 8,876,Sg6 6,6S0,l9e
August
THE
10, 1901.]
(
HHONICLE.
297
KOT0BE8.— Iilghest, lowest and closing prices
In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
add similar figures for
cleared, at the ports named.
Hew York, whioh are prepared for our special use by Messrs.
at
New York.
We
Lambert & Barrows. Produoe Exohange Building.
OM SHIPBOARD, MOT OLBABBU FOB—
Leaving
Aug. 9 at—
Other OoattBritain^**"™ many. For'gn %cist.
Ger-
New
2,638
6,413
Orleans.
Galveston. ...
1.730
6,963
1.291
.4-4
544
290
12.209
14,850
"ibo
100
6.006
1.001
Savannah
Block.
To tut.
II
II
15,821
22,187
II
id
l«
id
II
II
II
w C*
I
721
New York
—
5",506
6,996
2,913
1,600
167,1.18
"763
2,150
"700
Other ports
e'ifoo
900
I
9,691
1
Total 1901..
10,751
Total 1900..
Total 1899.
8,200
7,404
1.474 11,713
7,770
265,785
14,631
1,200
7,457
5,234
13,412
563
38.172
6,434
Speculation in cotton for future delivery has continued
Operations by regular traders have been
without spirit.
almost exclusively of a sealpiDg character and the general
public has done practically nothing. The tendency of piices
has been towards a lower basis. The Bureau report issued
at noon on Monday placed the condition of the crop at 77'2.
While this was in accord with general expectations, the market nevertheless rallied several points on some scattered buying by shorts to cover contracts. The weekly report, however, issued on Tuesday by the Weather Bureau, reported a
general improvement in the condition of the crop; added to
this were reports of beneficial rains in parts of Texas and
with weaker advices from Liverpool prices declined. Exclusive of a small section of Texas the private crop advices
which have come to hand during the week have reported the
The reports from the cotton
crop as doiDg fairly well.
goods trade have continoed of an unsatisfactory character.
The run of orders has not been up to general expectations,
but as yet prices have not yielded. Advices from abroad,
particularly the Continent, also have reported a dull trade
in cotton goods. To-day there was an unsettled market. The
opening was at an advance on stronger foreign advices;
then weakened under foreign selling and predictions of
showers in the Southwest, but again turned firmer during
the afternoon trading, on buying by lecal operators, closing
steady at a net gain for the day of 6@ 10 points. Cotton on
the spot has been easier, closing quiet at 8c. for middling
uplands.
The rates on and off middling, as established Nov. 21, 1900,
by the Revision Committee, at whioh grades other than
middling may be delivered on oontraot.are as follows.
Fair
o. 1*8 on Btrlot Good Mid. Tinged. o. 3 16 on
Middling Fair
Even
\ on Good Middling Tinged
trlot Good Middling
>*on Middling Tinged
% off
6 16 on Strict Low Middling Tinged
GoodMiddling
&aofl
trlot Low Middling
iflOfl
heoa Middling Stained
Low Middling
'isoff Btrlot Low Mid. Stained.. 1% ofl
Strict Good Ordinary
% off Low Middling Stained
l^ofi
Good Ordinary
liisoS
On this basis the offioial prices for a few of the grades for
the past week— Aug. 3 to Aug. 9— would be as follows.
.
UPLANDS.
Hon Tues Wed
Sat.
Th.
|
Good Ordinary
Low Middling
Middling
Good Middling
Middling Fair
8*4
7»8
8<is
8»8
738
8» if,
8*
61V a
7«16
8
86,8
8*4
lonTaei Wed Th.
Sat.
Good Ordinary.
813,,,
7
813l«
GULF.
838
6 &.e ~6i5 l6
79 16
7»i«
8
8
86 lfi
85,6
7
7»18
8
85,8
8%
Frl
Low Middling..
74
7H
73,
73, 8
7'8
7i3,„
Middling
7>3 lf
73ls
71316
73, 8
7'8
8&, 6
8°,
84
84
84
84
888
9*18
8»8
91)8
»»18
8»16
8*16
9
9
9
Sat.
Itton
So 16
69,6
79 6
711,8
Good Middling.
Middling Fair..
STAINED.
Low
Middling....
,
Middling
Btrlot
Low
,
Middling Tinged.
7iMe
8'r
Good Middling Tinged
9
713,6
70s
70s
7»8
8
8
8
8Me 8
The quotations for middling upland at New York on
Aug. 9 for eaoh of the past 82 years have been as follows.
1901. ...o. 8
1893.
1900
1899
1898
1897
1896
1895
1894
1892
1891
74
84
1890
1889
124
1888
1887
1886
114
91ie
64
64
8
8
74
o.
7»4
116,6
91h«
1885.
1884
1883
1882
1881
1880
1879
1878
1877.
0.10»s
1013.,,
.104
.13
12
119 la
113 la
1876
1875
1874
1873
1872
1871
0.114
126, e
144
174
20
21%
1938
94
194
12
1870,
Note.—On Oct. 1, 1874, grades of ootton as quoted were ohanged.
Aooordlngto the new classification Middling was on that day quoted
*bo.
61B 16
lower than Middling of the old classification.
MARKET AND SALES.
Futures
Spot Mabkit
Closed.
Market
Closed.
Saturday ..Quiet
Qulet&st'dy
Monday.... Quiet
Qulet&st'dy
Tuesday... Quiet at lie deo. B'rly steady.
Wednesday Quiet
Qulet&st'dy
Thursday.. Quiet
Quiet
Friday
,Qulet & steady. Steady
Sixes of Spot
& Coktbaot.
I
I
....
9
I
I
Oon-
Con-
port.
tump,
tract.
total
371
460
345
200
147
371
460
345
121
121
1,644
T644
200
147
.
99
OO OO
*-
toco
c
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Ci-
ts©
OO oo oo OO OO
WW
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The Visible Jsupply of Cotton to-night,
i
'
f
oo
66
oa>
ODOOJWOOOmm
i-?
'm
Ftti
9
oo OO oo O OO
MtO
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m 66
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oo oo oo oo oo
tOM to to tOM
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IB.
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to
o-j
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co
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oo
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9
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toto
w*- WW ©M a, x toco CO
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to 00
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9
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ft
B
cc<
5
=r
to
as made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Aug. 9 j, we add the item of exports from the United States,
Including in it the exports of Friday only.
1900.
1898
1901
1899.
8took at Llyerpool
bales. 612,000
315,000 l.Olfi.000 875,000
Stook at London
Total Great Britain stook.
dtook at Hamburg
dtook at Bremen
3took at Amsterdam...
Stook at Rotterdam
Stook at Antwerp
Stook at Havre
Stook at Marseilles
Stook at Baroelona
Stock at Genoa.
Stook at Trieste
Total Continental stocks. ."
Total European stocks....
udla ootton afloat for Europe
Vaier ootton afloat for E'rope.
10,000
8,000
5,000
325,000 1,024,000 880,000
18.000
32,000
20,000
103,000 213,000
187,000
2,000
1,000
200
200
200
300
3,000
4,000
5.000
3,000
102,000
94,000
182,000
165,000
4,000
3,000
6,000
4,000
81.000
87.000
60,000
62,000
21,000
23,000
4^,000
28,000
25,000
16,000
6,000
19,000
306,200 331,200
601,200
491,200
826.200 666,200 1,625,200 1,371,300
29.000
51,000
39.000
50,000
125.000
91,000
73.000
73,000
f
B«ypt.Brazll,&o.,aflt.for E pe
20,000
14,000
28.000
13.000
Htock in Alexandria, Egypt.
82 000
50,000
60,000
56.000
Stook In Bombay, iridia."."..... 464!000
276,000 447.000 423.000
stook In United States ports.. 303,957
99,707 350,354 228.143
stook In U. 8. Interior towns.. 15»,163
48,159 227.402
115,511
United States exports to-day.
3,632
4.367
1,001
8,852 __
Total Visible supply
2,038,172 1,273,748 2,840,323 2,345,985
Of the above, totals of Amerloan and other descriptions are as follows:
8,000
520,000
19,000
81,000
:
.
.
American—
Liverpool stook
Continental stooks
397,000
232.000
afloat for Europe... 125.000
United States stook
303,957
United States Interior stooks. 164,163
United 8tatee exports to-day..
8,852
bales.
Amerloan
Total Amerloan
Suit Indian, Brazil,
Liverpool stook
London stock
Continental stocks
India afloat for Europe
4c—
1,220,972
221,000 935.000 789,000
299,000 528.000
434,000
91,000
73,000
73,000
350,354
228,143
99,707
48,159 227,402 115,541
3,632
1.001
4,367
762,548 2,118,123 1,640,635
81,000
86,000
115,000
94.000
5,000
10,000
8,000
8.000
57,300
74,200
32.200
73,200
50,000
29,000
39,000
51,000
Ejrypt, Brazil, &c. afloat
28.0O0
14,000
20,000
23,000
5t:,000
Stook In Alexandria, Egypt...
60.000
50,000
82,000
Stook In Bombay, India
423,000
464,000 276,000 447,000
Total East India, &o
817,200 511,200 722,200 705,300
Total Amerloan
1,220,972 762,548 2.11S.123 1,640.885
Total visible supply
2.0J-8.172 1,273,748 2,840.323 2,345.985
Middling Upland, Liverpool..
8i»,.d
3 ltd.
4381.
51»32d6i«c.
Middling Upland, New York..
6ii b e.
IOj.
8o.
Egypt Good Brown, Liverpool
6>«d.
56sd.
Oli-d.
6* 8 d.
678 d.
Peruv. Rough Good, Liverpool
7i*d.
7d.
Broach Fine, Liverpool
3», a d.
4idi
39,e<L
511, ad.
3B,«d.
3» lt d.
rinnevelly Good, Liverpool...
4 7ed.
4ifll.
Continental imports past week have been 58,000 bal6s.
The above figures indicate an increase in 1901 of 781,484
bales as compared with same date of 1900, a loss of 302,151
bales from 1899 and a decline of 307,813 bales from 1898.
,
Ex-
(
Total
I
I
-si
la
.
Tues Wed Th. Frl
64
64
64
74
74
74
74
7»8
9
I
M
id
oo oo oo
coco
toto
tots
*.*ww oo-i
oo
COM CJ
m© OO
B
Oo OO oo oo
85,073
321
28,83t!
I
I
|
+*W05
Mobile
i.ooo
is
OO
7,4)6.:
Charleston...
*.tO
o
ty
THE CHKONICLE.
298
[Vol. LXXI1I.
Quotations mm: Midi.i.in*; Cotton at Otiii.k MabkkIB.—
Below arc closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Au0-
9
Satur.
(Galveston.
8'k,
|l ie
NewOrlciins
Mobile
8
Wi nun-ton.
Norfolk....
CO pi
•
pi po
.
»«i
•
oo
"or
!
»!
•
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.
w
•
J8
:
cuascn:
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OS
to
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M*lC. »*
2
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•
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H
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•Jfife.co;
koiol
»-
osodmoho. ho)
&WOtef-
:
-J CC (O
CC
03 CD
'
CO
CO
to
Ki i—
O -1 *-
co v> ** CC
l-1
(-•
*» to -J
V
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i
!-•
^COCX'T'O^tOOOSO'J'H-'
w *- <- oc M oc to *» O<J0 CO CO CO * OS o o *•
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...
.
olo to o cols oo'to coV. V'-.'aw coV "en © oo oo w"tj <i ~<x lola
tOH'OCOi-'tOvlCOtOOD^Jcol-'COO; »9CO~JO>OWCOOSOO©nD<li-csvl-4
-gOCCMCOlf<J©^JO>>-'tOt005CO'-~JXlt»-|t»i-CDl(>-tOty,OS<100^1(iffilo <i
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Louisville!
M
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oos
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o
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to
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oo-j<jo~ji^c*i^c» ts©©tococcccos^jco©ts
oscooocooocotcoia: ©o>©cc *- CIS CC in. GC CC if.
8
8
8
8
8
7\
7%
7\
7%
7\
8>4
8>4
a
tO 1
to;
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•
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Ui|^Ki.aDtOCOMCOMtoOOS»3a09C"^aMOl*»0<aOOSOOtSCJ>050SM
8' 10
B
814
81,
8>4
8- io
8%
8' 10
8
8
8
8
8
8
8
8
8
8
8
8
7*8
B1
8*
8>4
8»4
8>4
8>4
8>4
8>4
Athens
Atlanta
I
8
|
OOCOOOl^CoaDOOtOCO^-CCOOCCOSOSl^tOF->CCO-tSlO.©OU©CXCOCOCO
COWWMCOaCCCOO)P.uoODCI5©©»4COCOCOif>00«ncOaCnCOOOCCODtOit.
7%
8
8>4
8I1.
8
7*8
8U
-'4
8I4
8»4
Columbus,Ml88
Eulaula
75s
7\
77,
7^
Nashville
8
Natchez
7 ,l ie
Little Rock
Raleigh
SH
8U
Columbus. Ga. 7%
Montgomery. ..
Shreveport
7\
Receipts from the Plantations. The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Charlotte
1
fl
—
I
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the
crop which finally reaches the market through the outports,
Aug.
ww'^ksooo^VsoDw'cco'MOswlooo woi» w'comtots AV'i»'co '***-
8>4
7*8
8
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
July 6
"
13
"
19
"
26
^&3
a^®»^a»©OD©^^^w^viwoD©©wMj^^_topyi«iaotsco
8M
8' io
;
n\
7*8
V
L8
8
7"8
7?i
8»s
8«4
7
Fri.
8
8
8' io
-'
Week
Receipts at the Porte
Bnding:
Thurs.
8
|
bO
~
She
8
8
Louis..
Wednex.
7'8
&«
Cincinnati
io
•
•6'
05
,
©
w
ioo — ck
O tO C O CO CD CO
to;
C CC r- <1
8' io
B*
Memphis
St.
svT
7*
.
Augusta
.
•••••
•
•
•
:
MOl^Pfr>- ~J'- C0f^K)^«k-40St0an0>-'
OS
00
•
.
I'liiladelph'a
Houston
:
toio.
-l
.•••
*
sis
?•
•
Boston
Baltimore
Tuts.
7*8
7*1
Charleston..
ZR
Hon.
B
w
Savaniiith.
Hobo
FOK MIDDLING COTTON ON—
CLOSI1CG QUOTATIONH
Werktndin
coc
CO
.
St'k at Interior Tovini. Rec'vti
1901.
1900.
1899.
40,809
44,689
49,575
24.653
13,70>-
26.«12
20,58? 246,207 103,220 273.423
24,7 5 222.117 78,275 261.310
4').*7H
16.515 198,6.7
27,954
7,272 180,963
16,t)9ii
7,031 116,595
4.51*
8.065 154. 1P3
2
33.021
9
18.0(2'
1901.
1900.
61,253
53.408
49,4:3
48,159
1899.
218.810
237,436
230.613
112M02
1901.
19.90C
from Plant' n»
1900.
1899.
20.499
26,056
49
687
12,682
26,857
2,056
6.919
17,109
8,65*
5.670
18,757
208
3.201
4,854
7,291
—
The above statement shows: 1. That the total receipts
fromtheplantationssinceSept.l, 1900, are 7,632,882 bales; in
6
M-
to-
to!
M
o.
moo;
a;
to
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•
•
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:
m-
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to 1
top-oi;
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;
uo<sst
CO
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to-
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2.
M
WtOH
1»*©*©ik«3MtO»MtOMaODCOMCo'cOCDCOOD
co<oAi»cocctacooo»atoos00ccc*ocoto^>ts
M
J?
o *
tPOO^OOOOiQJOL tOOCOCOOM — ifr-C0M<lOi
The aoove totals anew tHat tlie Interior stocks nave deereaaed during the week 12,432 bales, and are to-night 106,004
bales more than at same period last year. The receipts at all
towns have been 6,469 bales more than same week last year.
O Q.
9.
Shipped—
Via
St.
__..
Loul6...~.
Via Paducah
.................
Via Rook Ipland.. ......... ......
Via Louis vihe
...... ........
"634
Via other routes, &o ......... ...
2,349
5,105
S99
58,533
137,287
114,801
289,601
9,376 1,751,030
Deduct sMpmentt—
Overland to W. Y., Boston,
Ac.
155
578
11,686
12,810
212,009
135,554
320,525
2,888 1,776,781
1,343
453,133
98,986
85,042
528
243
625
350,100
78,296
97,841
"1,754
637,161
1,396
526,237
3,322
89
*
4.622 1,113,869
Leaving total net overland*..
Inoludlng movement by rail to Canada,
1,492 1,250,544
The foregoing shows the week's net overland movement
this year has been 4,622 bales, against 1,492 bales for the
week In 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 136,675 bales.
1899-1900.
1900-1901.
In Sight and Spinneri'
Taktnge.
Week.
to
Aug.
9..
*
Came
into sight during week.
Sept.
1.
Sinct
Week.
Sept.
1
52,624 10042215 38.C07 9.280,560
12,432 109,536 * 1,314 tl95,024
36,693
40,192
10151751
9,085i536
1,978,852
Rorth'n spinners tak'gs to Aug. 9.
Decrease during week,
Movement into sight in previous years
2,180,975
1899
1898
1897
1896
bales.
Week.
33,293
23,912
20,446
27,435
Weather Reports by Telegraph.— Telegraphic
advices
S:-- e Sept. 1
1898-99
1897-98
1896-97
1895-96
to us this evneing
sections there
Memphis reports further deterioration. Damage from
excessive rain is complained of in portions of South Carolina
and Florida,
Galveston, Texas. —Cotton picking has commenced in all
sections where severe drought causes premature opening of
Soaking rains are very badly needed. Rain has
bolls.
fallen here on three days of the week, the rainfall being one
inch and ninety-eight hundredths— heavy showers. Average theimometer 83, highest 94, lowest 72.
Abilene, Texas. There has been no rain the past week.
The thermometer has averaged 74, the highest being 78 and
the lowest 70.
Brenham, Texas.—
have had only a trace of rain on one
day of the past week. The thermometer has averaged 84,
ranging from 68 to 99.
Corpus Christi, Texas. It has been showery on one day
during the past week, to the extent of fourteen hundredths
of an inch. The thermometer has ranged from 76 to 92,
little.
—
We
—
averaging
Since
4.515 6,537,016
18,002 7,523,346
1,492 1,250,544
4,622 1,113,869
30,000 1,405,000 32,000 1,493,000
Receipts at ports to Aug. 9
Southern consumption
were
— That although
from the South indicate that while in some
have been good rains during the week, in others,
particularly in the Southwest, dry weather has prevailed, and
in a few districts along the Atlantic moisture has been excessive.
Our report from Texas is to the effect that soaking
rains are very badly needed and that cotton picking has com1899-1900.
1900-1901.
menced in all sections where severe drought has caused
premature opening of bolls. Correspondents in portions of
Since
Since
Week. Sept. 1.
Week. Sept. 1.
Alabama and Mississippi state that the crop is doing well.
Our Little Rock correspondent says that bottom crops are
5,962 907,738
1,655 856,988 very spotted and that uplands will be about fifty per cent
500 227,209 short, and Helena states that rains have helped the crop but
32 237,965
Overland Movement fob the Week and Since Sept, 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made np from telegraphic
The results for the week ending
reports Friday night.
Aug. 9 and since Sept. 1 in the last two years are as follows.
Aug.
6,341,992 bales; in 1898-99 were 8,523,535 bales.
the receipts at the outports the past
week were 18,002 bales, the actual movement from plantations was only 5,570 bales, the balance being taken from
stocks at interior towns.
Last year receipts from the
plantations for the week were 3,201 bales and for 1899
they were 4,854 bales.
1899-00
m;
oi*..
M
00
09'
mm!
tSOOCO"
CO
bales. 11,119,877
10,993,592
8,389,480
7,003,646
84.
Dallas, Texas,— Rain has fallen on one day of the week,
the rainfall being seventy-nine hundredths of an inch.
Average thermometer 85, highest 105, lowest 65.
Henrietta, Texas.— Rain (showers) has fallen on two days
of ihe week, the precipitation being twenty-one hundredths
of an inch. The thermometer has averaged 84, the highest
being 102 and the lowest 66.
Huntsville, Texas.— We have had no rain during the week,
The thermometer has averaged 85, ranging from 72 to 97.
Lampasas, Texas. We have had no rain the past week.
The thermometer has ranged from 68 to 102, averaging 85.
Longview, Texas. There has been rain on two days during
the week, the precipitation reaching ninety- two hundredths
Average thermometer 86, highest 103 and
of an inch.
—
—
lowest
69.
—We
Palestine, Texas.
have had showers on one day of the
week, to the extent of eight hundredths of an inch. The
AUGUST
10,
THK
1901.]
thermometer has averaged
lowest
83, the highest
(
HRON1CLK.
being 96 and
70.
Texas.— It has rained on two days of the week, the
one inch and eighty huudrediln of an
nch. Thermometer has averaged 85, ranging from OS to 101.
San Antonio, Texas.— We have had showers on one day of
the week, to the extent of one hundredth of an inch. The
thermometer has ranged from 72 to 100, averaging
New Orleans, Louisiana.—The week's rainfall has been one
inch and forty-one hundredths, on three days. The thermomPorta,
{irecipitation reaching
eter has averaged 84.
.
We
We
hundredths of an inch. The thermometer has averaged 81,
the highest being 99 and the lowest 64.
Mobile, Alabama.— There have been scattered showers in
The cotton crop is doing well. We have had
the interior.
rain on three days during the week, the rainfall being one
inch and eighty-four hundredths of an inch. The thermometer has averaged 80, ranging from 70 to 96.
Montgomery, Alabama. There has been rain on one day
during the week, the precipitation reaching one inch and
The
sixty-two hundredths.
Crops continue to improve.
thermometer has ranged from 68 to 92, averaging 80.
Selma, Alabama— The cotton crop is making but slow
progress. Ic has rained on four days during the week, the
precipitation being ninety-two hundredths of an inch. Average thermometer 84, highest 98 and lowest 70.
Madison, Florida.— Excessive moisture is doing considerable damage. We have had rain on each day of the week,
the precipitation being three inches and forty hundredths,
The thermometer has averaged 79, the highest being 88 and
—
the lowest 70.
—
—
showing the height of the rivers at the points named, at
3 o'clock Aug. 8, 1901, and Aug. 9, 1900.
Aug.
Memphis
Maahville
Shreveport....
Vlotcsburg
August
1900 1901.
7.
1899-1900.
7.000
5,455,000
1898-1899.
8, '01.
Feet.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Aug.
9, '00.
Feet.
4-3
5-2
40
1-4
50
10 5
14 6
67
82
15*4
Columbia (S. C.) Cotton and Produce Exchange.—The
Columbia Cotton and Produce Exchange, which was recently
organized, met on July 25 and adopted a constitution. The following officers were also elected: President, Cbas. Ellis; VicePresident, M. C. Heath; Secretary and Treasurer, R. J. McCarley Jr.; Board of Managers, W. H. Rose, B. R. Cooner,
A. C. Phelps, Capt. Allen Jones, T. H. Wanamaker, Julius
H. Walker and E. A. Beall. Business will be commenced
on September 1.
6,434,000
1
Since
5,580,000
Since
This
week.
Sept. 1.
This
week.
li'.ooo
318.000
848,000
2.000 iOO.000
8,000 418,000
11,000
0-5,000
10,000 818,000
This
week.
Sept. 1.
Hxnct
licpt.
1
Kxports (bales)—
2,000 335.0O0
»;,ooo
377,000
8.000 712,000
!
A oantar is 98 pounds.
In 1899-1900,
1 Of which to Amenoa in 1900-1901, 54,278 bales;
70,595 bales; In 1898-99, 50,444 bales.
Manchester Market. — Our report received by oable
to-night from Manchester states that the market continues
dull but steady for yarns and quiet for shirtings. The de-
We
give
for both India and China is improving.
tbe prices for to-day below and leave those tor previous
weeks of this and last year for comparison.
mand
1901.
1900.
8)4 lb*. Shirt- Oott'n
32* Cop. ings,
Twist.
m
96*
"
f»l\
d.
8.
Julys 7H «8i* 5
" 12 7*4 O8I4 5
«8i« 5
" 19
" 26 616, a©?"^ 5
Aug. 2 Hl3,-«7% 5
8.
d.
d.
2ifl98
3 f»8
3
2
5
f>8
©7
11
2 TH7 lOLg
l»«t»7 10ki
d.
423 sa
4»8
4'»32
413 3;i
4^! „
4Sg
8>4 lb*- Shirt- Oott'n
Oop. ings,
Twist.
Uplds
to finest.
d.
d.
common Mid. 82*
d.
s.
8i«
aS^a 5
83, g »8i5 ie 5
8*4
8^8
8
Slfl
common M\d.
Uplds
to finest.
99
©9
5
tH^s
5
r
.
»R78
=>
d.
s.
d
d.
4^97
527 89
6**33
52I S2
10
4Mi*7 9
4*2 97 9
4 97 8
3 07 7ij
4 1»7 9
5*
57, 6
519,3
Sea Island Cotton Movement.— We nave received
this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Aug. 9) and since
Sept. 1, 1900, the stocks to-night, and the same items for the
corresponding periods of 1899-1900, are as follows.
1900-1901.
Receipts to Aug. 9.
1
Florida,
1899-1900.
Slock.
This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1901.
&o
Total
1
64,762
8,320
....
13,022]
....
72,253
7,743
17,101
86,1041
97,097
1
1900.
758
354
360
2,370
472
2,783
403
10
The exports for the week ending this evening reach a total
of 49 bales, of which 49 bales were to Great Britain.
to France and
to Bremen, and the amount forwarded to
Northern mills has been 60 bales. Below are the exports
for the week and since Sept. 1 in 1900-1901 and 1899-1900.
—
Week Ending Aug.
9.
Since Sept.
1,
1900. North'* Mills.
Exports
from—
Great Fr'nce
Brit'n.
<6c.
Great Fr'nce
Total. Brit'n.
.
Oharl't'n.&o
Florida, &o.
New
York..
Boston
"49
"49
8alt.,&o
Augusta, Georgia. We have had rain on four days, to the
The
extent of three inches, and thirty-nine hundredths.
thermometer has ranged from 68 to 93, averaging 79.
Charleston, South Carolina. We have had rain on four
days during the week, the precipitation being one inch and
twenty-six hundredths. Average thermometer 80, highest
86, lowest 72.
Stateburg, South Carolina.— Some damage to orops has resulted from washing and flooding
We have had heavy rain
on two days of tbe week, to the extent of three inches
and eleven hundredths. The thermometer has averaged 80,
the highest being 90 and the lowest 67.
The following statement we have also received by telegraph,
Hew Orleans
ittxandrta, Kgypt,
Savannah.
—
Savannah, Georgia. We have had rain on four days during the week, to the extent of two inches and eighty- seven
hundredths.
The thermometer has averaged 80, ranging
to 89.
m
To Liverpool...
79.
Vicktburg, Mississippi.—The crop is doing well. Rain has
fallen on one day during the week, the precipitation being
Minimum temperature 7u
two hundredths of an inch.
highest 91, average 82.
Meridian, Mississippi.— Cotton crop is doing well; the
Rain has fallen on two days of the
plant is heavily fruited.
week and the thermometer has ranged from 65 to 91.
have had no rain the past week.
Leland, Mississippi.—
The thermometer has averaged 78, the highest being 91 and
the lowest 01.
Greenville, Mississippi.— The weather has been hot and dry
the past we^k.
Little Rock, Arkansas.— Cotton crops on bottom lands are
very spotted and on uplands are fifty per cent short. It has
been showery on one day of the week, the precipitation
reaching two hundredths of an inch. Thermometer has
averaged 83, ranging from 69 to 100.
Helena, Arkansas.— Cotton is opening. Bottom bolls are
small and immature. Rains have helped the crop but little.
have had rain on one day of the week, to the extent of
seventy-nine hundredths of an inch. The thermometer has
ranged from 03 to 100, averaging 83.
Memphis, lennessee.— Light scattered rains have fallen at
some points in this vicinity, doing some good, but here the
weather has been dry all the week. The condition of cotton
has further deteriorated owing to the hot, dry weather. Shedding is reported and a general soaking rain is much needed.
Average thermometer 80*3, highest 102, lowest 63*2.
Nashville, Tenn,— The week's rainfall has been sixty-nine
from 70
Alexandria Receipts and aHiPMBNTB of Cotton
Through arrangements we made with Messrs. Davis,
Henaohi & Co., of Liverpool and Alexandria,
at
receive a weekly oable of the movements of
ixandrla, Egypt. The following are the
shipments for the past week and for the oorreapondl
week of the previous two years.
".eoelptafoantars*)...
—
We have had rain on one day
Shreveport, Louisiana.
during the week, the rainfall being twelve hundredths of an
Inch. The thermometer has averaged 83,ranging from 68 to 98.
Columbus, Mississippi.—There has been no rain during
the week. The thermometer has ranged from 63 to
averaging
299
Total
Total '99-00.
49
Total.
17,156
2,200 19,356
452
452
8*357
3,116 li',473
""25*6
"'250
49 26,215
......
<£c.
38,388
5,3
U
31,531
7,773 46,1611
_.
,
Week
1
Since
\8ept.l.
60 37,989
1.776
14,269
60 54,034
930
4
a
503
A
considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head "Shipping News," on a subsequent page.
Quotations Aug. 9 at Savannah. For Georgias extra fine
16£jc; choice, 17}oC.; fancy, 19}^c, nominal.
Charleston, Carolinas, fine, 82c.; fully fine. 23c; fully
fine to extra fine, 25c, nominal.
—
Cotton in Central Asia.— Mr. Thomas Smith, Consul of
the United States at Moscow, Russia, reports under date of
July 6 that during the fiscal year ended April 1, 1901, the
total amount of cotton shipped into European Russia via
Krapnovodsk, on the Caspian S a, was 6,467,507 poods (233,5"i6,779 pounds), from the following districts:
Turkestan,
175,189.532 pounds; Trans-Caspian, 9.841,531 pounds; Bokhara, 27,113,359 pounds; Hiva, 12,008,594 pounds, and Persia,
9,343,763 pounds.
The production of cotton in Central Asia
is increasing every year.
The Government and the co'ton
consumers are assisting the planters to improve the cultivation, so as to compete with American cotton in European
Russia. The planters have now almost learned to prepare
the cotton by the American system, and receive very high
prices.
The seeds are imported from the United States.
THE CHRONICLE.
300
India Cotton Movement fbom all Ports.— The receipt*
of ootton at Bombay and the shipments from all India ports
for the week ending Aug. 8, and for the season from Sept. 1
to Aug. 8 for three years have been as follows:
1899-1900.
1900-1901.
Week.
r.,ooo
Since
Binee
Week.
Bept. 1.
1.907.000
1
Bept. 1.
.000
For the Week.
906,000
Week.
Binee
Bept. 1.
12,000 2,041,000
Since September
1.
Exports
from—
Of the month. While the condition In MliNMhippI Is 5 points above
State's ten-year average, even other State report* a condition ticlow suoli average, Virginia being 1, Lou siana V, Alabama 3,
the
a
7,
Georgia
Great
Britain.
Continent.
Total.
Oreat
Britain.
Continent.
total.
86
73
75
7h
79
Alabama
Mississippi
1900
1901
1900-01..
1899-00..
1898-99..
2,000
4,000
7,000
3,000
4,000
9.000
3,000
68,000
7,000
15,000
A62.000
104.000
528,000
630,000
111,000
543,000
i".6b"6
3,000
2,000
1,000
2,000
2.000
2,000
5,000
4,000
3,000
5,000
41,000
29,000
31,000
45,000
32.000
36,000
2,000
8,000
5,000
2,000
18,000
14,000
17,000
26,000
19,000
19,000
14,000
8.000
10,000
122,000
86.000
118,000
136,000
94,000
123,000
Madras—
i
s
^
Virginia
No. Carolina
1899-00..
1898-99..
All others—
1900-01..
1899-00..
1898-99..
Total all—
1900-01..
1899 00..
1898-99..
2,000
1.000
1,000
3,000
6,000
8,000
2,000
7,000
9 000
5,000
4,000
6.000
12,000
18,000
7,000
13,000
22,000
13,000
94,000
23,000
32,000
743.000
233,000
694,000
837,000
256,000
726,000
..
80
79
87
86
78
86
88
88
85
90
88
83
81
85
93
82
88
90
81
88
7*
84
91
81-5 81-1 77-2 82-5 75-8 76-0 85-7 87-8
840
Arkansas
81
81
86
84
83
Average
88
71
77
89
79
74
78
81
80
..
82
90
80
82
Louisiana.
Indian Ter.
94
86
85
89
88
80
85
Mississippi.
Oklahoma
86
73
75
78
79
82
88
S
90
80
.
S
S
*
83
76
.
^i
83
77
84
Florida
Alabama...
CaroUua
p
88
83
78
79
93
82
86
8b
86
86
84
86
80
93
77
70
72
80
Tennessee.
Missouri
J, 000
1898.
4
1
-»
87
80
80
88
So.
.
1899.
States.
Calcutta—
1900-01..
1899-O0..
1898-9d..
North Carolina
0,
82 Tennessee
70
88 Missouri
71
Louisiana
82 Oklahoma
78
74 Indian Territory.. "6
Texas
Florida
Arkansas
69
The June, July and August averages, compared with the
June, July and August figures of previous years, are as
follows:
North Carolina
South Carolina
Georgia
Bombay—
1900-01
Mouth Carolina and Florida
H,
12, Arkansas, Tennessee and Missouri 16 points below their n«peotIve ten year averages. The averages of condition in the different
States are reported us follows:
Virginia
Reeeipti at—
Bombay
1898-1899.
[Vol. LXXI1I,
78
88
85
85
91
88
71
94
78
75
75
84
74
67
60
77
81
78
78
76
74
82
96
91
86
86
*8
88
77
70
64
87
74
69
70
84
85
74
*
*
1
->
"J
86
86
85
89
76
89
93
87
90
90
83
91
94
90
92
93
92
87
92
91
89
89
96
90
96
82
80 _89
89
91-2
94
90
B9
91
87
95
88
90
91
93
97
90
98
94
:<\
t
According to the foregoing, Bombay appears to show an
The August 1st averages in earlier years for all the States
increase compared with last year in the week's reoeipts of
were, according to the Agricultural Department, as follows:
loss
Exports
India
record
bales.
from
all
a
4,000
ports
88-9 in 1897; 80 1 in 1896; 77*9 in 1895; 918 in 1*94; 80-4 in
of 9,000 bales during the week and since September 1 show
1893; 82-3 in 1892; 88-9 in 1891; 89-5 in 1890; 89-3 in 1889;
an excess of 581,000 bales.
873 in 1888; 933 in 1887; 81-3 in 1886 and 96'5 in 1885.
Government Weekly Cotton Report. Mr. W. L. Moore,
State Weekly Reports on Cotton.— The weekly crop
Chief of the Weather Bureau of the Agricultural Depart- bulletins issued from the various States' headquarters under
ment, made public on Tuesday the following telegraphic re- the auspices of the Climate and Crop Division of the Weather
ports on the crop in the Southern States for the week ending Bureau of the U. S. Department of Agriculture give more
extensive information as to cotton than the general stateAugust 5:
ment issued from Washington. We therefore give below
weather
early
North Carolina.— Crops Improved during warm, dry
those received up to the time of going to press
—
in week, and no positive damage yet by drought; ootton forming bolls
better, but general condition poor.
Sooth Carolina.— Looal beneficial showers, but general rain needed; damaging hall in places; ootton continues to improve, but is small
and late, and some fields infested with lice and rust; generally well
fruited.
Georgia.— Drought prevails in some sections, but generally an
abundant rainfall has materially benefited growing crops, except early
corn; cotton variable, but imoroving and progressing favorably in
majority of counties; fruiting heavily in northern seotlon; blooming
to top and shedding in numerous middle and southern counties; maturing and opening in Dooley, Thomas and Wilkins"n counties.
Florida.— Cotton improved, except over small portion of northern
district, where rain is needed; few complaints of rust and shedding,
opeDine quite freely on high lands.
Alabama.— Generally insufficient showers; crops suffering for moisture in many central and northern counties; C"tton growing rapidly;
fruiting heavily and boiling generally; a few damaging features reported, but general condition promising.
Mississippi.— Local showers on 30th and 31st, insufficient in north,
where crops are suffering; ootton growing well in south, fruiting satisfactorily, few bolls open, growth retarded in north, some shedding,
but few reports of rust and damage by lice.
Louisiana.— Frequent, generally light, but well-distributed showers
and high temperatures were favorable to crops; cotton greatly improved; la'e-planted and second growth old ootton progressing and
fruiting nicely.
Texas.— Ample rains fell over State east of Trinity River; scattered
showers elsewhere; drought continues in localities in oentral, southern
and western portions; condition of ootton greatly Improved in sections where rain fell, and where drought prevails cotton holding its
own, considerable picking has been done, and bales marketed.
Arkansas —Temperature continues high; rainfall very unevenly
distributed; cotton Improved in most sections, but is generaUy small;
some complaint of shedding in localities.
Tennessee.— Drought broken in many sections July 30 by good looal
rains, but in many places scarcely sufficient fell to be of material
benefit, and the hot sunshine following destroyed much of the good
effect; in the dry districts conditions are beooming alarming and
farmers have lost hope of saving muoh, especially as to early corn;
cotton has fruited well, but Is shedding badly.
Missouri. —Week somewhat cooler with good local showers, exoept
in portions of southern section; ootton improved in some localities, in
others firing and shedding.
Oklahoma and Indian Territories.— Local rains continue to improve condition of ootton, but crops over some localities where rains
were in ufficlent are suffering seriously.
These reports on cotton are summarized by the Department as follows:
A very general improvement in the condition of cotton over the
greater part of the cotton belt Is reported. The least favorable reports
are received from the north-central and ihe extreme eastern districts
where shedding and rust, and in sections blooming to top. continue to
be reported. Over the southern portions of the eaptern districts ootton Is now opening, and considerable picking has been done in Texas.
The Agricultural Department's August Report.— The
following statement, showing the condition of cotton, was
issued by the Department of Agriculture August 5:
The monthly report of the Statistician of the Department of Agriculture shows the average condition of ootton on July 2o to have been
77'2, as compared with 81-1 on the 25th of the preceding month, 76
on Augnst 1, 1900; 84 on August 1, 189n, and a ten year average of 84.
There was an improvement of condition duiing July amounting to 6
points in Georgia, 5 points in South Carolina; 2 in Alabama and Mississippi and a in Virginia. On the other hand, there was a decline of
19 points in Missouri, 15 in Arkansas and Tennessee, 13 in Oklahoma
and Indian Territory, 12 in Texas, 7 in Florida, 4 In North Carolina
and 2 in Louisiana. The impairment in condition is largely due to
drought; but in a portion of the eastern seotlon of the cotton belt It is
attributable to the prevalence of excessive rain during a large part
:
North Carolina.— Some further improvement
in crops during the
condition came too late to pre-
week, though the favorable weather
vent a general deficiency in the yield of all crops. Reports about
ootton are very diversified; in some cases well cultivated fields
show good weed and plenty of blooms, though the bolls are forming
slowly; in others the plants are very small and not fruiting well;
slight improvement was noted generally, and reports of shedding are
not numerous; laying by ootton is under way.
South Carolina. -Cotton continued to improve and looks healthy,
but generally remains small, is late, and has very few grown bolls.
A few localities report the plants growing too much to weed and not
fruiting well, although generally ootton is moderately well fruited.
A little shedding is reported, and some fields are Infested with lice
and rust. On light sandy soils growth has stopped and the plants
are blooming to the top. Sea Island Is doing well, but is dwarfed and
late.
Alabama.— A general rain would benefit cotton. Cotton Is clean,
growing rapidly, and fruiting well, though there are still a few scattered oomplalnts of damage by "black root" or "root rot." several reports of rust and shedding and a few reports of vermin; bolls are
forming quite generally, and, while it is from two to four weeks late,
cotton is in generally promising condition.
Tennessee— Cotton, although small, has fruited well, but is now
rapidly shedding.
Mississippi— Crops generally doing well in the southern half of the
many northern counties correspondents report that the
orop outlook is failing, due to the continued dry, hot weather. Cotton
in the southern counties and in nearly all the delta oountles oontlnues
to do well; it is growing rapidly and fruiting satisfactorily; a few
bolls are beginning to open. Owing to the adverse conditions, in the
northern part of the State, the staple Is not doing so well, some shedding is reported on thin land, and In a few localities the plant has
stopped growing; but slight irjury has resulted from rust and lice.
ARKANSAS.— The rainfall was very unevenly distributed. In some
localities heavy rainfall occurred, while In others no rain fell. Cotton
has been improved in most seotlous. There is some complaint of It
shedding its fruit, and it is generally reported as being small.
State, but in
Jute Butts, Bagging,
&c— Jute bagging has
been very
dull during the week under review, at unchanged prices,
viz.: 6c. for \% lbs. and 6%c. for 2 lbs., standard grades.
Car-load lots of standard brands are quoted at6>8@J4 c -j
Jute butts also aull at
f.
o. b., according to quality.
l}4@l?$c. for paper quality and2%@2}£c. for bagging quality.
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
week, and since Sept.
1,
New York.
1900.
Philadelph'a.
Boston.
Baltimork.
Receipts
from—
This
week.
This
week.
Since
Sept.
1.
'
Since
Sept. 1.
This
week.
i
Since
Sept. 1.
This
week.
Since
Sept. 1.
N. Orleans...
1,478
1,619
373,726
277, 25P
J37.742
Texas
Savann'h &c
2,345
311,531
52.473
218
10,226
3,817
£0,648
116,963
810
6,930
6.746
118.104
198.919
191
27.366
1,851
166
71,663
6,728
764,729
719
46,378| 10.728
240,404
4,164
672,214
648
62,997!
9,157
316,672
400
Mobile
10,612
So. Carolina
1,733
Virginia..
North, ports
Tenn., &c.
39,«4fe
27,236
No. Carolina
481
3 710
857
77.940
1,308
18,663
s.iie
166,808
36.3C6
1,000
274
11,123 1,665,330
|
Last
year....
6.370
855,815
August
10,
THE CHRONICLE.
1901.
—
Tii u
-
.
A
3
if/.
nc, 1.118
49
1
150
America, 638
To (leiioa, per steamer Llrarla, 576
To Naples, per steamer Ligurla, 85
HEW Orleans— To Liverpool— Auk. 3— Steamer Capellu, 2,606
Auk. 8- stiiiimr \ ueatan, 719
To Bremen -Aug. 6— Steamer Yaruba, 5,389
Aug. 3—
To Antwerp— Auk '2— Steamer CralKoswald, 43
Steamer Ki liellillda, 150
To Barcelona -Aug. 3-8teauier Miguel (Jallart. 5,618
To Malaga-AiiK- 3 -Steamer Miguel (lallart, 1,581
Galveston— To Havre-Aug. 5— Steamer Miueola, 8,235
Aug. 8— Steamer Alnmere, 1,116
To Bremen— Aug. 7— Steamers Headland, 713; Peerless,
To Hamburg— Aug. 2— Steamer Calabria. 1,023
2.175
O. 0.
Nov....
85
l>eo...
193
5,618
1,581
7—
2,650
2,437
1,685
15
2,123
510
1,048
905
44,092
Total
our usual form, are as follows.
Great French Ger- -Oth.R 'rope—* Mexico,
At. Japan
Brii'n. ports. many. North 8outh.
N. Orleans
8,389
5.186
4,351
Galveston.
Pensaooia.
Norfolk...
Baltimore.
oan Diego.
Seattle...
2,437
1,685
......
15
2,623
......
......
.....
......
......
......
......
......
......
......
......
......
......
......
..*••
......
......
......
......
Totui
16.16(j
....•
9,537
2,437
......
......
2,6
1,685
B
1,048
2,250
1,048
905
905
2,2">0
Portl'd.Or.
in
7,426
......
......
......
343 10,035
4,303 44,092
Total.™ 11,011 4,381 14,149
Exports to Japan since Sept. 1 have been 710 bales from
New York
and 85,715 bales from the Pacific Coast.
New York the past week have beer
Ootton freights at
as follows.
Llverpoool
Bat*r.
if OH.
Tuts.
10
21
20
18
28
31
18
10
e.
Havre
Bremen
e.
Hamburg
e.
Amsterdam
e.
c.
Rotterdam
Antwerp
e.
...e.
Ghent, v.Antw'p.e.
Reval, v.Br-Hame.
v. Hull...c.
Wtdnes. Thurs.
F>4.
10
18
10
21
20
18
28
21
18
24**
24%
24%
24i*
244
24i«
32
28
32
28
32
28
82
28
82
28
32
28
21
20
18
28
21
21
20
10
21
20
18
28
21
18
18
28
21
18
18
28
21
18
10
21
e.
Trieste.
e.
—
July 26
July 19
Of which
Of which
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total Import of the week
Of wbleh American.. .......
Amount afloat
Of whloh American
40,000
2,900
Aug.
2.
Aug. 9
42,000
5,000
43,000
2,000
39,000
1,000
38,000
6,000
45,000
579,000
451,000
38,000
32,000
52,000
45,000
39,000
4,000
51,000
649,000
427,000
25,000
25,000
49,000
86,000
36,000
7,000
44,000
812,000
397,000
15,000
11,000
48,000
38,000
300
34,000
7,000
48,000
591,000
462,000
19,000
7,000
67,000
55,000
.
1
.
•
•
Sat'day.
Spot.
,::::
I
(
600
Monday} Tuesday. Wed'day. Thursd'y Friday.
•
1
•
Moderate
demand.
Qnlet.
Quiet.
\
Mid. Upl'dB.
Bpeo.
&exp
Futures.
Market
opened.
Market,
4 P. M.
•
•
1
W
B
5
S
W
*-^
1
\
The prioes
•
•
business.
413 88
4H sa
8,000
12,000
8.000
500
500
500
500
43s
5
)
)
Moderate
7,000
•
•
Quiet
Qnlet at
and
2-64 de-
unchang'd
cline.
Qnlet
ai
Qnlet at
1
Barely
Br'lyst'dy
2(5.4^ Pts. 1^6»5 pts. steady at
decline.
decline.
pt. adv.
%
of futures at Liverpool for eaoh
below, Prioes are on the basis of Uplands,
clause, unless otherwise stated.
Steady
64<a»U 64 2-64
advance.
i
::::! :::.
BREADSTUFFS.
Friday. Aug.
9,
1901.
A
feature of the local market for wheat flour has been the
scarcity of supplies of winter-wheat flow they have Lien in
'air demand, and the sales made have been at firm prices,
rings of new-crop flour are anxiously awaited. Springwheat flours have been quiet. Reflecting the advance in the
prices for grain, sellers nave held for higher prices, which
buyers have been slow to pay. The business transacted has
been comprised largely of car load lots. The demand for
rye flour has continued slow, but prices have been unchanged and steady. Corn meal has been firm but quiet.
Speculation in wheat for future delivery has been fairly
active and at advancing prices. The winter- wheat crop is
not moving with the freedom that many expected, farmers, it
was claimed, showing a disposition to market their supplies
slowly. The principal strengthening factor, however, has
been the active export demand, shippers being large buyers
here and at outports, and there also has been considerable
buying direct from the interior, European cable advices
markets, they being easily influenced by
I ave reported firm
the course of the American markets. Daring the latter part
of the week frosts were predicted for the Northwest, but
under the failure f these frosts to materialize, and selling by
speculative holders to realize profits, part of the advance
was lost. Business in the spot market has been active;
shippers have been large buyers; prices have followed futures.
To day the market opened easier, reflecting weaker
foreign advices, but turned stronger and advanced during
the day on unfavorable weather in the Northwest. The
spot market was active. Sales for export here and at outports were 360,000 bushels.
DAILY CLOSING PRIORS OP NO. 2 RED WINTER IN
YORK.
Sat.
Mon. Tuts.
Fri.
Wed. Thurs.
Cash wheat f. o. b
77*4
76%
7788
77
78
773s
;
I
<
74%
76%
755s
77%
75%
77%
80%
76%
78%
31%
75%
78
81k
DAILY CLOSING PRIOES OF NO. 3 SPRING IN CHICAGO.
Wed.
Sat.
Mon.
Tues.
Thurs.
68*4
at
& 3-64
advance.
Br'lyst'dy
lW@3Hl'ts
advance.
day are given
Low Middling
69%
70%
72%
69%
70%
72%
75%
78%
81%
70*4
Fri.
69%
70%
72%
holders to realize profits. Subsequently, however, reports
were received from some sections claiming that more rain
was needed, and this strengthened the market. On Thursday prices advanced rather sharply, on the Cincinnati '-Price
Current" reducing their estimate one to two hundred million
bushels from their previous estimate of 1,500,000,000 bushels.
Early in the week the spot market here and at outports was
weaker, and at the decline in prices exporters were moderate
buyers. To-day there was a quiet market, with prices holding about steady. The spot market was dull. The sales for
export here and at outports were 30,000 bushels.
DAILY CLOSING PRICES OF NO. 2 HEXED
Mon.
Sat.
dash corn f. o. b
61
60.%
Sept. deuvery In elev.... 61
61%
Deo. delivery In elev
62
61%
have been as follows.
•
W
1
The tone of the Liverpool market for spots and futures May delivery in elev
each day of the week ending Aug. 9 and the daily closing
DAILY CLOSING PRIORS OF
prioes of spot ootton,
d.
1
4 05 1 03 3 «2 3 01 > 62 3 «;
t 3
4 Of)
3 61 3 62
4 05 4 O.f 8 Oi 3 81
3
4 06 1 03 3 03 3 62
4 Oil 1 00
4 06 4 04 3 64 3 63 4 00 3 63 4 01 4 01
....)....
•
.
April-May..
une..
d
d.
€9%
71%
69%
70%
71%
73%
72%
Indian corn futures have continued to receive a fair amount
of attention. During the first half of the week prices showed
a tendency to sag, largely the result of selling by speculative
Liverpool. By cable from Liverpool we have the follow
ing statement of the week's sales, stooks, &c, at that port.
bales.
exporters took...
speculators took.
£
1
Aug. delivery In elev
Sept delivery in elev
Deo. delivery In elev
16317
week
s
d.
4 10 4 14 4 10 4 10 4 11 4 10 4 12
4 Us 4 06 4 Oi 4 OO 4 01 4 On i 09 4 08
4 00 4 04 3 03 3 63
4 01
7*
Sept. delivery In ele v....
Deo. delivery in elev
May deuvery In elev
16317
20
20
20
20
28
28
28
28
28
28
Quotations are cents per 100 lbs. or fractions of a penny per lb.
Sales of the
9.
,.
12V
NEW
20
v. 8t. Pet.e.
Genoa
d.
2,536
The particulars of the foregoing shipments, arranged
......
. .....
......
......
. ...a.
......
H
cr
I
.Mill.
4,351
2,250
150 2,836
193 7,199
a
o
i
Men Apr
2,250
951
.
.
3,385
5,389
Seattle— To Japan— Aug. 6— Steamer Rlojun Maru, 1,048
Portland, Ore.— To Japan— July 30— Steamer Indravelli, 905
3,489
3,385
HOPt...
Jan....
Steamers Headlands, 1,027; Peerless, 600
Pensaoola— To Liverpool— Aug. 6-Steamer Alicia, 2,437
Norfolk— To Liverpool— Aug. 7- Steamer Ktojano. 1,685
Baltimore— To Liverpool— Aug. 2— 8teamer Quernmore, 15...
To Bremen—Juiy 31— Steamer H. H. Meier, 2,123
To Hamburg— Aug. 2— Steamer Bosnia, 500
8AN Diego, Oal.— To Japan -July 30— Steamer Carlisle City,
New York.
a
KM.
i
4 19 4 18 4 14 4 13 4 14 4 13 4 15 4 10
4 16 4 14 4 104 in 4 114 10 1 12 4 13
.
..
,LM.O.
Ni rd
Aug.
4
Au
7.
i
*
«
333
1.H24
124
i.
4
12% 4
4
p.m. hr.M, P.M. P.M. P.M. P.M. r *. p.m.
•
To llamliurif, per strainer Bulgaria. 951
To Antwerp, per i-teiiiiiei- V&dei hunt, lr.O
To Barcelona, per steamers BuenOS Aires, 1,647
Market,
12:30 P. M.
lug, 6
3,
anil
mcum
Bt
3
Hi urn.
Wed.
Taos.
5.
•
•
island
Do
Do
Moii.
Nat.
To Liverpool, per steamers Canadian. 1,906
To iiuii pur > tea mt r Colorado, 134
To Manchester, per steamer BclUkiioch, 284 upland
Tauj
64fAi.
04d..
Total bait
New York
and
The prices are givt n in pence
and 4 01 means 4 l-64d.
Shipping news. As shown on a previous page, tie
exports of ootton from the United States the past week hav*
reaohed 44,093 Dales. The shipments In detail, as made up
from mall and telegraphic returns, are as follows:
NO. 2
CORN
Wed.
Thurs.
Fri.
89%
60%
61%
60%
60%
62%
62%
60%
61%
60%
61%
63
63
64%
64%
MIXED CORN
8at.
Mon.
57%
57%
58^
58%
NEW YORK.
IN
Tues.
Tues.
IN
CHICAGO.
Wed.
Thurs.
Fri.
57%
57%
57%
56%
58%
58
58%
58
57%
5tf%
59%
58%
58%
57%
Oats for future delivery at the Western market received
only a moderate amount of attention. There has been more
or less selling by speculative holders to realize profits, but
the offerings have been absorbed at fairly steady prices. The
Sept. dell very In elev....
Oct. deUvery In elev
Dec. deUverv In elev
strength of the other grain markets has a sustaining influence
upon values. The local spot market has been moderately
active and firmer. To-day there was a fairly active and
firmer market. The spot market was steady.
YORK..
DAILY CLOSING PRICKS OP OATS
Fri.
Wed. Thitrs.
Tues.
Mon.
Sat.
39
NO. 2 mixed In elev....... 38
39
38%
38%
39
» NEW
So. 2 white In elev
41%
42%
42«4
42^
42%
42%
DAILY CLOSING PRIORS OF NO. 2 MIXED OATS IN CHICAGO.
Fri.
Wed. Thurs.
Tues.
Mon.
Sat.
35%
Sept. delivery In elev.... 35%
35
34%
34%
35
May
delivery in elev
37%
37%
37%
37%
37%
3b%
THE CHRONICLE.
302
Rye has been
practically neglected.
Birley has been dull
Following are the closing quotations:
Fine
Bnpernne
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, Bprlni?
(Wheat
floor In
FLOUR.
Patent, winter
J3 50 ©3 80
92 15 ©2 20
Olty mills, patent. 3 90 ©4 30
2 35
Ryeflour.snpernne 2 05 ©3 40
2 50 ©2 60
« ....
...
Buckwheat floor..
2 65 ©2 75
Corn meal2 9d ©3 25
-a>3 25
20
8
Western, etc
8 85 ©3 70
8 30
Brandywlne
3 70 ©4 5
saoks sells at prices below those for barrels.)
.
GRAM.
Wheat, per bosn.—
76ie»78' g
7588*7708
Corn, per bosh.—
Western mixed.
No. 2 mixed
Western yellow
76 78»78f>8
Western white
c.
e.
Nominal
Hard Doloth, No.l
7
N'thern Dol., No.l
Red winter, No. 2
Hard N. Y. No. 2.
Oats— Mlx'd, p. bosh.
withdrawn from
a good
and without changes.
57
55
60
52
©59»s
w59«8
Government Weekly Grain Report.— Mr. James
Berry,
No. 2 white
42>*©433i
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Aug. 5 were 11,706
packages, valued at (442,820, their destination being to the
points specified in the tables below:
o.
©651»
Rye, per bosh—
Western
State and Jersey
Barley— Western
Feedlne
quiet and unchanged.
."SS^weoia
©61*
88 l««41>fl
42 ©45
39 ©40
sale.
In the fancies division there has been
for outing flannels in stripes, and for solt
demand
finished cassimeres and rough cheviot effects. The business
done in low-priced cotton warp<5 and in satinets and doeskin
jeans has been moderate. Dress goods for fall have ruled
Flannels and blankets are
dull, with little doing for spring.
New York
58^a«0»a
60
64
White
No. 2 mixed
[Vol. LXXIII.
©65
©55
Chief of the Climate and Crop Division of the U. S.
Weather Bureau, made public on Tuesday the telegraphic
reports on the grain crops in the various States for the week
ending August 5, as follows:
Weather. —With more moderate temperatures and good
rains over
a large part of the drought-stricken area, the weather conditions of
the week ending August 5 were the most favorable to agricultural interests In the States of the central valleys that have prevailed slnoe
the latter part of June. In the States of the Missouri Valley the severe and protraoted drought has been very largely relieved, but to the
eastward of thu Mississippi and north of the Ohio River only partial
relief has been afforded by Insufficient showers, the drought conditions in the upper Ohio Valley being more serious than at any previous time this season. The east Gulf and portions of the South Atlantic 8tates and Texas also need rain. In the Middle Atiantlo States
and New England, and throughout the Pacific Coast districts, the
week has proved generally f -ivorable.
Corn.— In the great corn States, late corn— and fortunately a much
larger proportion than usual of this year's orop was planted late— has
experienced a general, and in some cases a decided, improvement, but
the early corn has been practioally ruined. In Kansas the cooler
weather, with better distributed rains, and decidedly Improved conditions in the eastern and western divisions of the State, slightly benefited the central portions, and in many of th * eastern, western and
south-central counties late corn still promises from one-fourth to half
a crop. In Nebraska the improvement has been less marked and is
confined largely to the northern and extreme eastern counties. In
Iowa the late-planted is making a better showing, and under favorable conditions the balance of the season promises a considerable
yield of sound grain; the extent of irreparable damage in this 8tate
can not yet be estimated. In Missouri, where good local showers fell,
except in portions of the southern section, late corn has been much
Improved, but elsewhere it oontinues to deteriorate. In Illinois corn
has greatly improved in the northern part of the State, but lias deteriorated in parts of the central and southern portions. In a few favored districts of Northern Indiana corn is still promising, but elsewhere the upland and early-planted is almost beyond recovery; with
Immediate rains about an average orop of lowland and late planted
would be produced. Over the greater part of Ohio the condition of
corn has been materially lowered, a portion of the orop in the soothwest part of the State being past help; in North-eastern Ohio its condition is more hopeful. In Tennessee, Kentucky and West Virginia the
condition of corn has been materially reduced during the paBt week.
In the Middle Atlantic States an excellent crop of corn is now practi1
1901.
1900.
to Aug. 5
Week. Since Jan.
Great Britain
112
22
3,120
China
10,124
India
70
S28
447
65,592
2,703
30,398
6,488
18,160
1,164
5,035
37,222
4,984
11,706
170,815
5
Total
....
Reek.
Since Jan.
25
6
1,375
1,191
919
2
87
272
67
Other Countries.
1.
138,450
8,407
23,259
2
1,203
239
2,641
16,887
1,988
7,587
27,472
5,616
2,980
234,873
27
400
1,078
The value of the New York exports for the year to date
has been $7,363,799 in 1901, against $10,060,646 in 1900.
The home demand for brown sheetings and drills has been
limited in all weights, but prices continue steady. Business
for export has shown a moderate improvement. Ducks and
brown osnaburgs have been dull at previous prices. In
bleached cottons the best demand has been for low grades at
firm prices. In medium and fine grades a quiet business has
been done, with a generally steady tone. Wide sheetings are
dull and unchanged, and in cotton flannels and blankets only
a limited business has been done, with the demand readily
met. Denims have been in slightly improved request and
firm, and in ticks and other coarse colored goods tne market
Cotton linings are quiet and unchanged.
is uniformly steady.
Staple prints are in steady demand at previous prices, with a
quiet business passing in fancy calicoes. For fine specialties
tor spring there is a fair demand in progress in both printed
and wovened patterned lines. The current demand for
ginghams is of moderate proportions, but stocks are light and
prices firm.
—
Foreign Dry Goods. There has been no movement of
in woolen and worsted dress goods, a quiet business
passing at steady prices, Silks and ribbons firm but quiet.
Linens are firm, with an improved demand. Burlaps dull
and tending downwards.
Importations and Warehouse Withdrawal* of Dry Goods
The importations and warehouse withdrawals of dry goods
at this port for the week ending Aug. 8, 1901, and since
January 1, 1901, and for the corresponding periods of last
moment
year are as follows:
cally assured.
Spring Wheat.—The weather conditions in the spring wheat region
have been very favorable for harvesting, which is nearing completion in the southern distriots. Some damage has resulted from hail in
South Dakota and the unfavorable effects of recent hot weather in
North Dakota are becoming apparent. 8ome grain in the last mentioned State has been badly lodged. In Washington a splendid crop
is promised, and in Oregon the yields are better than were expected.
Oats —The oat harvest Is mostly completed and the yields are gen-
s
o
"to
—
O
a
S
p^»
•—
•*
2.
°4
a
•
p
»
.
•
°
w!
s
•
ISJ
o
£;
5:
m
o
5:
5
°
P"I
•
:
r
•
1
a;
a
.
,
.
•
•
1
•
:
I
s
5
erally unsatisfactory.
Tobacco.— In the Atlantic Coast distriots tobacco has made very
favorable progress, but in the States of the Ohio Valley it has made
but little growth and is badly in need of rain.
Apples.— The outlook for apples oontinues very discouraging, a
very Inferior crop being generally reported.
Plowing.— Plowing for fall seeding has made decided progress in
the Missouri Valley and Atlantic Coast States during the week.
W
For other tables usually given here see page 273.
06
oo
03
^1
New
Notice
from the
trade for
formally
upon the
York, Friday, P. M., Aug 9, 1901.
of withdrawal on the part of several mills recently
Fall River Print Cloth Syndicate had prepared the
the dissolution of tljat body, so that when it was
disbanded last Monday the action had little effect
market at large. There has since then been an
easier tendency in print cloths,
but allied lines have not
changed. The general cotton goods market has continued
quiet in all departments, so far as current needs are concerned, only specialties for next fall proving in anything
like fair request. It is noteworthy that in spite of the continued indifferent buying, and without support from the
market for raw cotton, sellers are rarely found willing
to quote any lower prices than before, and in no direction is
there any quotable change to be reported.
The jobbing
trade has ruled duller than generally expected and indications point to a late fall season. The woolen goods division
shows a steady tone, with a considerable business in progress.
Woolen Goods. —There has
been a good general demand
during the past week for staple lines of woolens and worsteds
for men's wear for next spring, and up to .the present time
the business done compares very favorably with results for
the corresponding period last year. There has been no
change in prices, but it is evident that the opening quotations
on clays, serges and cheviots are likely to be improved upon
later, as at current prices a number of lines have already been
03
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THE DRY GOODS TRADE.
1.
M*k©««W
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COMlOOO-q
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THE CHRONICLE.
1001.1
and City
^tf^wtm.
.,
.,»otht-r
moBlelpal taxes an-
ooll<
mrpose than th< aymeut of said bunas m
nous 8 and relate to the method, ic. of
improvements, and letting out the contrai
lo Treasurer* bonda.
i>
'
,
ov.
i
I
I
News
l-m.\ tO
Items.
11.
California.— Bond Law.— We had oocasion a few u
ago in reporting the decision of the courts in the Los Aug
water-bond case to refer to a new bond law passed by
State Legislature early this vear. This Act is known
Chapter b2 and btcame a law Feb. 25, 1901. As its provisions
are general in their nature, we present the Act herewith
:
i
Aits and part* of Acts
in
OOSfllot
with this Act ate
ed.
una Act *hall not be deemed tore]
any provision of auy htaiut« <-r this State concern ug
'tissues
>o publlo Imp
peolaltaxi
uot contemplated
-TUIm Act Miall tase effeot Immediately
>vernor'a
me a law under constitutional provision v. r
19
fy
l
>
.
Feb. 25, iboi.j
l*a.— Bonds iu/t</.— The stat-- Supreme
me'd the decision of the County Court in holdii.
repaying bonds, which thJ
ssue of |?0,000
See Chhdm<:i.e May 25
s to place on the market.
tlrie,
AN ACT
WN8
OK I.VUKIITKDNK8S I1Y GITQKS,
AND MUNICIPAL CO If. OK A )N8 KOK Ml'\l<li\\l. MFBOVI KNT8,
AND KHiULATINQ TllK ACQUISITION, CONMHUCTION Oil COMPLE-
AOTHOHI/.lNcl TI1K INCURRING
I
1
AH
•
.
11
TION THIBBOV.
H
.Jim.
and
r>.
The People of the State or' California, represented in Senate and Assem\>w York City.— Borough Tax Lute.*.— On August 7 the
follows :
bly, do enact
Finance Committee submitted a report to the Council
Section 1.— Any city, town or municipal cornoratlon Incorporated
of Aldermen embodying the tax rates for the
theJBoard
under lie laws of this State may, as hereinafter provided, Incur Ingive below
ions boroughs of the city of New York.
debtedness to pay the cost of auy munlolpal Improvement requiring
an expenditure greater than the amount allowed for such Improve- these rates for 1901 as compared with those for 1900:
ment by the annual tax levy.
Tax Rate.
Increase.
1901.
KEQCIUEMKNTB FOR AUTHORIZATION.
1900.
lioronahs.
!»62
$23-1733
$22-4771
8kc 2.— Whenever the legislative branch of any city, town or mu- Manhattan and The Bronx
-674
23-8X53
23-2113
Hro.hlvn
nicipal corporation shall, by resolution passed by vote of two -thlnls
14hG
23-5702
231216
of all Its members and approved by the Executive of said municipal- (Miccus
22i,073
1311S
23-5191
imond..
ity, determine that the publlo lnterestor necessity demands the acquisition, construction or completion of any municipal improvement,
Including bridges, water works, water rights, sewers, light or power
works or plants, buildings for munlolpal uses, school houses, tire apparatus and street work or other works, property or structures neor ssary or convenient to carry out the objeots, purposes and powers of
New Orleans, La. Premium Bonds Drawn.— The followthe municipality, the cost of which will be too great to be paid out of ing premium bonds of the city of New Orleans were drawn
it
may
the ordinary annual income and revenue of the municipality,
at any subsequent meeting of such board, by a vote of two-thirds of by lot on July 31, 1901, this being the one hundred and third
all its members, and also approved by the said Executive, oall a
allotment Series 26, 92. 126, 367. 373, 412, 491, 815, 929, 1161,
special election and submit to the qualified voters of said olty, town
1293, 1305, 1387, 1620, 2146, 2263, 2379, 2820, 2950, 3178, 3247,
lnourring
a
debt
for
the
the
proposition
of
corporation
or municipal
3722,
3787, 4512, 4784, 5015, 5219, 6100, 6304, 6315, 6366, 6434,
question
than
the
resrlutlon,
and
no
other
In
said
forth
set
fturpose
ncurrlng of the indebtedness for said purpose shall be submitted
0827, 7078, 7392, 7495, 7551, 7753, 8232, 8480, 8784, 8804, 9101,
roe idr it, that propositions of incurring indebtedness for more than 9405, 9623, 9699, 9713, 9751, 9944 and 9972.
These bonds have
one object or purpose may be submitted at the same election. The
1902.
ordinance calling suoh special election shall recite the objeots and been drawn for payment Jan. 15,
purposes for which the Indebtedness Is proposed to be Inourred, the
estimated cost of the proposed public improvements, the amount of
the principal of the Indebtedness to be incurred therefor, and the rate
this
of interest to be paid on said indebtedness, and shall fix the date on
which such special election will be held, the manner of holding suoh week have been as follows :
election, and the voting for or against incurring suoh indebtedness,
and in all particulars not recited in said ordinance suoh eleotion shall
Allentown, Pa. Bond Election.— At the regular fall elecbe held as provided by law lor holding munlolpal elections In such tion to be held November 5, the question of issuing |225,000
municipality.
water bonds will be submitted to a vote of the people.
TWO-TUIROS VOTE REQUIRED.'
are advised
Bay City, Mich. Bond Sale Postponed.—
published
once
a
day
for
least
at
Sec 3.— Such ordinance shall be
4
and
5-year
local-improveof
the
sale
$49,500
4£
3,
that
the
published
six
days
newspaper
at
least
week
in
a
seven days In some
such municipality, or once a week for two weeks in some newspaper ment bonds, which was advertised to take place on Aug. 5, has
published less than six days a week in suoh municipality, and one in- been postponed until August 12. Proposals will, therefore,
sertion each week for two succeeding weeks shall be a sufficient publication In such newspaper published less than six days per week. In be received until 5 p. m., August 12, by T. W. Moore, City
municipalities where no suoh newspaper Is published, such ordinance Comptroller, for these bonds.
shall be posted in three public plaoes therein for two succeeding
Beaumont, Texas.— Bond Sale, On August 3 the $75,000
weeks. No other notice of such eleotion need be given. It shall rethe $40,000 5% paving bonds were awarded to
quire the votes of two-thirds of all the voters voting at suoh speoial 5% sewer and
eleotion to authorize the Issuance of the bonds herein provided pro- Henry Exhall, W. B. Sharpe and Ed. Prather, all of Beauvided, however, should the proposition so submitted at such eleotion mont, at 106*956 and accrued interest.
Following are the
fail to receive the requisite number of votes of the qualified voters
bids
voting at suoh eleotion to inour the indebtedness for the purpose speci1121,70833
»123,958 38 Spitzer * Co., Toledo
Henry Exhall et al
fied, the legislative branch of such municipality shall have no power
or authority within one year after suoh election to oall or order an- Koby Robinson, Atlanta...- 123.145 83 K.V. Montague &, Co., K. City 121,16833
other eleotion for It ourring any Indebtedness for improvements subBids all include accrued interest. Bonda are dated June 1,
stantially the «ame as voted npon at such prior eleotion, unless a pe- 1901, and will mature in 40 years, subject to oall after 20
tition signed by a majority of the taxpayers on the latest assessment
For description of bonds see Chronicle July 27,
roll of such municipality be filed with such municipality, requesting years.
that such proposition or a proposition substantially the same be sub- p. 200.
mitted at an eleotion to be called for the submission of such proposiBismarck, N. Dak.— Bond Sale— On August 5 the $60,000
tion and to be held in aooordanoe with the provisions of this Aot.
i%% 15-year (average) refunding bonds were awarded to N.
LIMIT OF INDEBTEDNESS.
Co., Chicago, at 104-18— an interest basis of
W. Harris
Sec. 4.— No olty, town or municipal corporation shall incur an in4*123$.
Following are the bids
debtedness for publlo Improvements whioh shall in the aggregate ex- about
ceed 15 per oent of the assessed value of all the real and personal prop- N. W. Harris A Co., Chicago-! 62.508 00 Thompson. Teuuey & Craw80,760 00
lord Co.. Chicago
$60.310 00
S. A. Kean, Chicago
erty of such oity, town or municipal corporation.
Chas. H. Coffin. Chicago
0c,031 00
DESCRIPTION AND CHARACTERISTICS OF BONDS— PART PAYABLE
For
description
Chronicle
Aug.
of
bonds
250.
see
3,
p.
YEARLY.
Bottineau County, N. Dak.— Bond Sale.- On July 80 the
Sec. 5.— All municipal bonds issued under the provisions of this Aot
shall be payable substantially in the manner following
A part, to be $25,000 556 20-year court house and jail bonds were awarded
determined by the legislative body of the municipality, which shall to Stoddard, Nye
Co., Minneapolis, at 106 60 and accrued
be not less than one-fortieth part of the whole amount of such indebtFor description of bonds
edness, shall be paid each and every year on a day and date, at the interest— a basis of about 4*49$.
city treasury, to be fixed by the legislative branch of the municipality see Chronicle July 6, p. 44.
Issuing the bonds, together with the Interest on all sums unpaid at
Bowling Green, Ohio.— Bond Offering.— Proposals will be
suoh date. The bonds shall be Issued in such denominations as the
received
until 12 M., August 27, by tne City Council, for
legislative branch of the municipality may determine, except that no
Securities are issued
bonds shall be of a less denomination than one hundred dollars nor of $40,000 4# street-assessment bonds.
a greater denomination than one thousand dollars, and shall be pay- under the authority of sections 2704, 2705 and 2706, Revised
able on the day and at the place fixed In suoh bond, and with Interest Statutes of
Ohio. They are in denomination of $500, dated
at the rate specified in the bond, which rate shall not be in excess of
6 per oent per annum and shall be payable semi-annually, and said Sept. 1, 1901. Interest will be payable March 1 and Septembonds shall be signed by the Executive of the municipality, and also ber 1. Principal will mature $2,000 each six months from
by the Treasurer thereof, and shall be countersigned by the Clerk. March 1, 1903, to Sept. 1, 1912, inclusive.
certified check
The coupons of said bonds shall be numbered oonsecutively and signed
for $100 must accompany bids.
Purchaser will be required
by the Treasurer.
to pay accrued interest.
The contractors' bid for the work
NO SALE AT LESS THAN PAR— DISPOSITION TO BE MADE OF PROCEEDS.
and the
Sec. 6.—Suoh bonds may be issued and sold;by the legislative branoh for which these bonds are to be issued is $72,737 31,
of the olty, town or municipal corporation as they may determine, above constitutes the first instalment of bonds for this purbut for not less than their par value, and the proceeds of such bonds pose. An additional $35,000 or $40,000 will be put out at
shall be placed in the munlolpal treasury to the credit of the proper
improvement fund, and shall he applied exclusively to the purposes some future date.
Boyne City (Mich.) School District.— Bond Sale— Thia
and objeots mentioned in the ordinanoe.
district has sold at par an issue of $2,000 5% 2-5-year (aerial)
PROVISION FOR TAX LEVY SUFFICIENT FOR PRINCIPAL AND INTEREST.
Sec 7.—The legislative branch of said oity, town or municipality bonds to GeoF. Beardsley of Grand Rapids. Bonds are dated
shall at the time of fixing the general tax levy, and in the manner for July 15, 1901, and the interest will be payable annually.
such general tax levy provided, levy and colleot annually each year
Broofeliue, Mass.— Bond Sale.— This town has borrowed
until said bonds are paid, or until there shall be a sum In the treasury
on
notes from the Warren Institution for Savings, Boston,
of said city, town or municipality set apart for that purpose to meet
the sum of $100,000 for playgrounds. Interest, at the rate
all sums coming due for prinolpal and interest on suoh bonds, a tax
sufficient to pay the annual Interest on suoh bonds, and also such part
of 8* 15£, will be payable semi-annually. Principal will maof the prinolpal thereof as shall become due before the time for fixing ture
$10,000 yearly on July 1 from 1913 to 1922, inclusive.
the next general tax levy. The taxes herein required to be levied and
Buffalo, Minn.— Bonds Defeated.—Thia place recently
collected shall be in addition to all other taxes levied for municipal
purposes, and shall be collected at the same time and in the game voted against the issuance of $1,800 park bonds.
M
i
We
i
,
,
Bond Calls and Redemptions.
:
1
1
Bond Proposals and Negotiations
We
—
;
I
I
&
:
I
I
:
&
A
THE CHRONICLE.
304
Hurlington, N.J. —Bond Sale.— On August 7 the $10,000
refunding drainage bonds were awarded to the
National
Bank of Mt. Holly at 106-04 -an interest
Union
basis of about 8'576j(. For description of bonds see Chroniclk Ang. 8, p. 851.
Carthage, Ohio.— Bids.— Following are the bids received
July 30 for the five issues of 5% 1-10-year (serial) curbing
bonds aggregating $11,227 28
[Vol. LJLXlII.
Following are the
102-527— an interest basis of about 8-20*.
H 20 year
bids
:
ttstabrook 4 Co.. BoCtOB
R. L. Day 4 Co., Boston
102-627
108*879
J. I,
102-2flfl
McLean ,V Co
MerrlUA Co.. Boston.. K'2 21
B)od«et,
Bonds mature Aug.
I
|
I
I
Blake Bros.
Adams 4
4
Co.,
102*20
Co.. Boston
Boston
I
Oenlson, 1'rlor & Co.. neve
M. A. Hteln, New York
101T7
101-19
1911.
1,
$2,80H25 $2,175 24 $2,047 08 *2,300 02 $1,770 14
i&8t. Cmterat. nfth8t. iAni-n8t. Anthony
BomIh. .S'. Bd*.
Boutin.
Bond*.
Bonds.
Oermnn Nat. Bank. ...18,974 87 I2JB66 72 $2,122 77 $2,4i7 we $1,841 BO
$11.027 28
Holztnac
2,00140 2,246 93 2,118 55 2,410 73 1,833 80
BeasoDBOOd A Mayor.
Frcdonia, N. V.-Bond Hal?.— On Augu9t 5 the $14,000 4*
110-year (serial) registered street-improvement bonds were
awarded to M. A. Stein, New York City, at 102-75—an interFollowing are the bids
est basis of about 3-447£.
'•i.Hahn, New Tork
102"13
10275
M. A. Stein, New York
S. A. Kean.Chlcak">
io<s-4«
10150
Walter Stanton 4 o.. N. Y
W.
W.
:
man
<
M
11.677
1 1 ,509 71
11.652 25
Todd A Co. ...
Lampre' hi Bros. Co..
W. J. Hayes & Bona..
R,
As
:
Ohio.-Bond Sale.— On July
30
the $25,000
i%
Public Service,! or $110,000 fy&% special 'condemnation bonds."
Securities are in denomination of $500, dated Aug. 1, 1901. Interest will be payable semi annually at the American Exchange National Bank, New York City. Principal will mature
'
1,
1921, subject to call after
Aug.
1,
1911.
A
Erie Co. Sav. Bank, Buflalo
3, p.
lOO'OO
252.
Gallon, Ohio.—Bond Offering.— Proposals will be received
until 12 m., August 81, by J. O. Ross, City Clerk, for $8,500
\%& street-as-M-ssmi nt bonds. Securities are issued under
authority of Section 2705, Revised Statutes of Ohio. They
are in denomination of $500. Interest will be payable March
Prin1 and September 1 at the office of the City Treasurer.
cipal will mature $1,000 yearly on September 1 from 1902 to
1908, inclusive, and $500 yearly on September 1 from 1909 to
All bids must be unconditional and must be
1911, inclusive.
accompanied by a certified check for $500 on some bank in
Galion. Accrued interest is to be paid by purchaser.
Gallatin County Free High School District (P. O. Bozeman), Mont.— Bond Offering. Proposals will be received
until 12 m., September 5, by the Board of Trustees, Frank B.
Lewis, Chairman, for $30,000 4g bonds. Securities are in
denomination of $1,000, dated Julv 1, 1901. Interest will be
payable semi-annually at the office of the County Treaaurer.
Principal will mature July 1, 1921, subject to call
A certified check for $500, payable to the
after July 1, 1911.
highway-improvement bonds were awarded to W. R. Todd
& Co., Cincinnati, at 104*20 and accrued interest— an interest
basis of about 3-?5jrf. Bonds mature $2,500 yearly on June 20
from 1923 to 1933, inclusive. For full description of bonds
see Chronicle July 27, p. 200.
Cincinnati, Ohio.— Bond Offering.— Proposals will be received until 12 M., Sept, 5, by Geo. F. Holmes, Clerk Board of
Aug.
,102"46
m, Trior & Co., Cleve
Hayes 4 Hone, Cleveland. 102 20
For description of bonds see Chronicle Aug.
stated last week, the highest bid was that of the GerNational Bank of Cincinnati, the price paid being
10370.
Cclina,
J.
—
certified
check for 5<£ of the par value of the bonds bid for, payable to
the Board of Public Service, must accompany bide. Bidders
must use the printed forms of proposals furnished by the
ClerK and the purchaser will also be required to pay accrued
above-named Chairman, must accompany proposals.
Gardner, Mass.— Bond Sale.— Jose, Parker & Co., Boston,
Cleveland, Ohio.— Bond Sale—On August 5 the $400,000 have been awarded an issue of $21,000 33^$ 1-30- year (serial)
A.% sewer bonds were awarded to Denison, Prior & Co., Clevesewer bonds at 102-726.
land, at 11089 and accrued interest— a basis of Jabout 3-248#.
Glen Rock, Pa.— Bond Sale.—This borough has sold to N.
Following are the bids
W. Harris & Co., New York, an issue of $18,000 3^* water
Interest on the above bonds will be payable semiDenison, Prior & Co.. Cleve.$448,500 00 R. Kleybolte 4 Co.. Clncin.. $440,000 00 bonds.
W. J. Hayes & Sons. Cleve.. 443.540 00 Larnprecht Bros. Co.. Cieve. 440,000 00 annually, free from all taxes, Principal will mature $6,000
441,280 00 New 1st Nat. Bfc.,Columbus. 430,680 00
R.L.Day 4 Co., Boston
in 10 years, $6,000 in 15 years and $6,000 in 20 years after
Bonds mature April 1, 1921. For further description see date of issue.
Chronicle July 20, p. 149, and July 13, p. 96.
Glenwood, Minn. Bonds Voted. An election was held
Cohoes, N. Y.— Bond Sale.— Oa August 7 the $30,916 01 August 2 to vote on the question of issuing $15,000 bonds.
Z)4% improvement bonds were awarded to W. J. Hayes The proposition carried. These bonds will be issued in place
& Sons, Cleveland, at 103-472. For description of bonds see of those awarded on July 3 to Rudolph Kleybolte & Co.,
Chronicle July 27, p. 200.
Cincinnati, and which that firm refused because they were
Colnmbus Ohio.— Bonds Defeated.—The proposition to declared illegal by their attorney. The new bonds will be
issue $2,250,000 sewer and $200,000 electric- light-plant bonds advertised for sale in the near future.
failed to carry at the election held Aug. 3, 1901.
Grand Rapids, Mich.— Bond Offering.— Proposals" will be
Columbus Grove, Ohio.— Bonds Voted.—This place on received until 4 p. m,, August 12, by L. F. Lamoreaux, City
August 3 voted to issue $30,000 water-works bonds.
Clerk, for $50,000 4# coupon street-improvement bonds. SeCoshocton, Ohio.— Bond Sale.— On August 6 au issue of curities are in denomination of $1,000, dated May 1, 1901. In
$12,000 5% 9 year (average) street- improvement bonds is re- terest will be payable semi- annually in Grand Rapids. Prinported to have been sold to W. R. Todd & Co., Cincinnati, cipal will mature $10,000 yearly on May 1 from 1902 to 1906,
in f "PTPHt
:
i
I
—
at 108-80— an interest basis of about 3 84g.
A
deposit of $1,000, evidenced by a certified check,
inclusive.
payable to the City Treasurer, must accompany proposals.
Cottage Grove, Lane County, Ore.—Bond Offering Withdrawn.— Owing to a technicality, the offering for sale of
$15,000 5% 20-year gold bonds on August 1 was withdrawn,
and the bonds will shortly be re- advertised, the sale to take
place early in September.
Crockett County, Texas. Bond Sale. The State Board of
Education has purchased $30,000 court-house bonds men-
Check must be unconditional.
Grand Rapids (Village), Itasca County, Minn.— Bond
Offering.— Proposals will be received until 8 p. m., August
31, by F. A. King, Village Recorder, for $25,000 5* 20-year
Securities were voted at the election
electric light bonds.
denomination of $1,000,
held July 16, 1901. They are
—
m
Chronicle May 11, 1901.
Cuyahoga Falls, Ohio.— Bond Offer ing.— Proposals will
be received until 12 M., August 12, by C. A. Weidner, Village Clerk, for $6 500 5% Second Street improvement bonds.
Securities are in denominations of $110 and $500, dated July
Interest will be payable annually on March 1.
1, 1901.
Principal will mature $600 yearly on March 1 from 1902 to
1906, inclusive, and $700 yearly on March 1 from 1907 to
tioned in the
Interest will be payable semi-annually.
1901.
certified check for 10# of bid must accompany proposals.
dated Oct.
A
1,
Grant Connty, Ind.— Bond Sale.—On August 1 the $12,500
5- year (average) Harvey free gravel-road bonds were
awarded to Pierce Norton at 107-84— an interest basis of
Q%
about 4
,
244<t.
Following are the bids
Pierce Norton
Wild 4 Co Indianapolis
Marion Nat. Bank, Marion
J. F.
1911, inclusive.
,
.
$13,480
13,471
13,385
:
First Nat. Bank, Marion
New 1st Nat. Bk.. Columbus
Meyer & Riser, Indianapolis
Del Monte School District, Monterey County, Cal.
Bond Sale.— On July 25 the $6,000 5% gold refunding bonds
$18,376
18,316
13,215
For description of bonds see Chronicle July 13, p. 97.
Grenada County, Miss.— Bond Sale.—On August 5 the
were awarded to E. H. Rollins & Sons, San Francisco, at $30,000 15- year bridge and road bonds were awarded to Mac
103*816. Following are the bids
Donald, McCoy & Co., Chicago, at 101-033 for 4% per cents—
$0,1R6 00 a basis of about 4-405^.
Chas. Younger J r
E. B. Rollins & Sons, San
$0,229 00 W.J.Hayes 4 Sons, Cleve.... 0,035 00
Francisco
Hamilton, Ohio.— Bond Offering.—Proposals will be received until 2 p. M., August 22, by M. O. Burns, City Clerk,
For description of bonds see Chronicle July 13, p. 96.
£aston, Pa. Bonds Defeated.— The City Council had un- for $12,000 4% 1-12- year (serial) crematory bonds, in denomder consideration the question of issuing $25,000 permanent nation of $1,000 and a 4% 1-year bond in the sum of $238 66.
improvement bonds, nut the ordinance authorizing these The above bonds are dated August 22, and the interest will
bonds was defeated in that body.
be payable January 1 and July 1. A certified check for $500
Ecorse Township, Wayne County, Mich.—Bond Election. will be required with bids.
Hanover, Ont.— Debenture Offering. Proposals will be reOn August 14 an election will be held to vote on the quesceived until 3 p. m. to-day (August 10), by W. A. Mearns,
tion of issuing not exceeding $10,000 bridge bonds.
Eldridge (Iowa) Independent School District.— Bond M. D., for $25,000 4$ 1-30 year (serial) water debentures.
Hillsdale (Mich.) School District No. 1.— Bond Sale.—
Sale.— On July 15 the $2,000 62 building bonds were awarded
to Geo M. Bechtel & Co., Davenport, at 104-35. For descrip- Local papers report the sale of $8,000 4% 1-8-year (serial)
school building bonds at 101*70.
tion of bonds see Chronicle June 29, p. 1293.
Honston, Texas.— Bond Offering.— Proposals will be reElk City, Kan.— Bond Sale.— We are advised that $2,000
of the $5,000 5g 20-year bonds mentioned in the Chronicle ceived at 12 M,, August 22, by J. D. Woolford, Mayor, for the
April 20 have been sold to William Brown of Monroe, Wis., $240,000 5i paving and $60,000 5£ sewer and $50,000 5% schoolhouse bonds voted at the election held July 25, 1901. Secufor $1,970. The remaining $3,000 have not yet been sold.
Enfield (N. C.) Graded School District.— Bond Sale.— On rities are in denomination of $1,000, dated Aug. 1, 1901. Incoupon bonds were awarded to F. M. terest will be payable semi- annually at the Union Trust Co.,
August 1 the $7,000
Stafford & Co., Chattanooga, at 104 717. For description of New York City. Principal will mature Aug. 1, 1941. Bidders must satisfy themselves as to the legality of the bonds
bonds see Chronicle July 20, p. 149.
before bidding. A check for \% of the par value of the bonds
Fall River, Mass.— Bond Sale.—An issue of $25,000
school bonds has been sold to Estabrook & Co,, Boston, at bid for, duly certified by a Houston bank, must acoompany
:
I
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—
—
H
3^
I
August
THE CHRONICLE.
10, 1901.]
proposals. Bids will be taken by open, verbal competition.
Sealed or written bids will not be considered.
The paving and sewer bonds were ottered for sale on June
but were not sold, as it was found that the notice of
tion had not been advertised sufficiently. The election was,
20,
i
therefore, held over again, and the bonds re-authorized.
Hudson County, N. J.— Bonds Authorized.- On An
Board of Freeholders authorized the issuance of $10,000
10-year road- improvement bonds.
Indianapolis, Ind.— Temporary Loan —This city on
ust 1 borrowed from the Security Trutt Co. of Indian,!;.
§50,000 at 'i\i% interest. This loan is made in anticipation of
current revtLues— taxes which not only have already
levied, but also are now due and payable. Under the law, however, no penalty for non-payment attaches until Novenu
and therefore the greater portion of taxes will uct be p
until that time. The city is, under the circumstances, compelled to anticipate this collection.
In answer to our letter asking for particulars concerning
this loan, Mr. J. P. Dunn, City Comptroller, sends us the
I
1
following
'
«.»
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>
Irwin, Westmoreland County, Pa.— Bids Rejected.— All
A%% street-improvement
bids received July 3l for |50,000
bonds were rejected.
Kahoka, Mo. Bonds Voted.— This place has voted to issue
works and electric-light-plant bonds.
Kerr County, Texas. -Bonds Approved.— The AttorneyGeneial has approved an issue of $1,750 court-house-repair
§21,800 water
bonds.
KingSYllle, Ont.— Debenture Sale.— On August 3 the $4,000
4%% 15-year school debentures were awarded to Stimson &
Co., Toronto, at 100-875.
Following are the bids
:
&
Toronto
Canada Life As. Co., Toronto
Co.,
$4,036
4,026
I
Central Canada L.
& S. Co
$1,016
|
Laramie County (P.
0. Cheyenne), Wyo.— Bond Offering.
be received until 2 p. m., September 16, by
—Proposals will
the Board of County Commissioners— Samuel Corson, Chair-
man—for $400,000 10 20-year (optional) refunding bonds. Securities are issued to reiund the following 15-30-year 6%
bonds $160,0o0 dated Dec. 30, 1886; $80,000 dated Feb. 16,
1887; $80,000 dated August 1, 1887, and $80,000 dated Nov. 15,
1887.
The new bonds will be issued in denomination of $100,
$500 or $1,000, as desired, and will be dated on or about Nov.
Interest (rate to be named in bid) must not exceed
15, 1901.
4%, and will be payable January 1 and July 1 at the office of
the County Treasurer or at the Union Trust Co.,
York
City.
Either cash or a certified check for |5,000 on a na
tional bank, payable to the Board of County Commissioners,
must accompany proposals.
:
New
Lorain (Ohio) School District.— Bond Sale.— On August
1
the $55,000 1% 21^-year (average) coupon school-house bonds
were awarded to Feder, Holzman
Co., Cincinnati, at
105-611 - an interest basis of about 3 62£.. Following are the
bids
Feder. Holzman & Co.. Cln... $68,086 00 Seasongood & Mayer, Clncln.$66,612 00
W.. I. Haves A .Sons, Cleve... 67.U13 00 Spltzer& Co.. Toledo
66,287 00
W. K. Todd 4 Co. .Cincinnati. 67,612 60 New 1st Nat. B'k, Columbus. 60,237 6u
Lamprecht Hros. Co.,Cleve.. 56,716 00 Provident Savings Bank &
Slate Savings Bank
66,635 00
Tr. Co., Cincinnati
55.150 00
&
J. B.
Hoge, Lorain
56,5fc2 9u
For detcnp ion of bonds see Chronicle July 20, p. 150.
Marion (111.) School District.— Bond Sale.— On July 25
the $40,500 school- house bonds were awarded to Geo. M.
Becht*l
--nrs.
.-,
Out.— Debenture Ofjerin g. — Proposals
be received until 6 P. M., August lit, by J, McMurchie,
ing Clerk, P. O. Harriston, Ont., for $4,218 12 \% debenSecurities will mature part yearly on Ftbruary
68.
Mluto TownBhip,
will
i
&
Co., Davenport, at
lowing are the bids
101-619 for
4 per centB.
Fol-
:
3-90*
4%
4X*
5%
Interest. Interest
Interest.
$10,- 70 00 $lo,b7G 0> $11
10,576 00 10,ii31 25 11,362 50
16 5^7 30 10,791 HO 11,031(70
10,525 00 10,-s52 00 11,000 00
Geo. M. Bechtel & Co., Davenport
First National Bank, Marlon
.$10,600
" ..'...*
Devitt. Tremble * Co., Chicago
John Nuveeu & Co.. Chicago
-Merchants' Loan & Trust Co., Chicago
N. W. Harris & to., Chicago
Mason, Lewis & Co., Chicago
Thompson, Tenuey & i rawl'ord Co., Chic
Wm. C. Thompson Co.. Chicago
Chas. H. C jfiin, Chicago
Mac Uomild, McCoy & Co.. Chicago
Trowbridge* Niver Co.. Chicago
L. A. Co do a ril, Chicago
First National Bank, Barnesvllle
..
'.'.
'
.
*10,51000
10,462 00
10 443 00
lO.JJOS
00
10,86000
ll,U7iO
10,715 00 "11,006 0)
10,710 00
'..".'.'
10.6(600
IK, ..-'.( OO
10,669 00
K',661 00
1902 to 1921, inclusive.
Monroe (Neb.) School District.- Bonds Voted.— This
trict
:
In reply to your Inquiry of Auguit l
ben to »t nt that Indianapolis has be
misturtuut! tu hi- mivi.-ri im'iJ vrldelj as "bankrupt" onacoouDl oi a lo
leal tight, and lor no otber reason. The city li anticipating current
to pay ourreni expenses as Is very oommonly done by municipalities, at.
fact would attract no Hueuium were It not thai ihe Mayor and the' ouncUaie
of oppi site polli It s. ami a polttloal campaign is now under way.
Tbe amount of November income necessary to be anticipated this]
|ieo,i O", or $n,7»i le-s linn lii^t year. 1 asked tbe Counoll for aatboni] to
borrow this sum b> three Instalments ffio.oiOon Aiutii-t i,*4( ,000on Sep!
ber l and *70,o u on Ootobor 1—the last date bel gthe eitOnf aquartei n
Osoal year. The Council authorized only tbe 160,000 for August 1. Id calling
lor huts. lor which 1 had little over twenty-four hours, 1 made a departure
from the usual custom of a siiupie-bustuetsU'ttcr. and stated brleflj
ea to the excellent financial standing ol the city
t inclose ac>>i>y»f this letSix bids were received, Ave from city institutions and one tromanel
ter.
boring Indiana town.
Thelowesl bid waa an Interest rate Of 4$ per annum. The highest ami succerslul bidder was the Set uri'y Trust Company of Indianapolis, which oflered
n^i%. The loan matures December i. Idol. The second ami third loans vi
made on September 1 and October 1, as originally requested, unless the Council imliilK' s sufficiently In politics to force a temporary delimit of the city's
current oills. The bonded debt of Indianapolis is onlv k*,270,?Oo, and it has no
tloatlig debt except the temporary loan of *&O,0U0. which, in addition to the
other loans proposed, will be paid on Dec. 2, 1901.
Stimson
Principal will mature in 33 years, subject to call after
A certified check for 2*',% of bid mm-t accompany
Acproposals. Bonds are exempt from municipal taiHtion.
crued interest is to be paid by purchaser. A. F. Lain
[oration Clerk. These bonds were awarded on July 18
of Chicago, who afterwards refused to take
\. K.-an
the same.
Mutawau, N. J.— Bonds Voted.— This borough recently
,) to issue $36,000 water works bonds.
Milwaukee, Wis.— Bonds l^roposed.— The issuance of
000 bridge bonds is being cont-idered.
Milwaukee County, \\l#.—tiond Offering.— Proposals will
eteived until 10 a. m., August 23, by the County Treasfor 178,000 8WjJ hospital bonds.
Tity.
Monterey Scliool District, Monterey County, Cal.—Bond
ale.— On July 25 the$20,<00 5% 1-20-year (serial) gold refunding bonds were awarded to E. H. Rollins & Sons. Han
Francisco, at 104-63— an interest basis of about 4'444£. Folwing are the bids
OtaaS. Younger Jr
|20,77:,o<j
Rollins & Sons, San
ii.
$20,926001 W. J. Hayes* Sons, Cleve.... 20.11600
luciico
:
I
For description of bonds see Chronicle, July 20, p. 150.
Morris, Stevens County, Minn. Bond Sale.— On August 1
the $10,COO 5% 20-year gold water works bonds were awarded
to Jefferson & Kasson at 111-70— an interest basis of about
il$}4%. For description of bonds see Chronicle July 27,
P. 202.
Morton, Renville County, Minn.— Bond Offering.—Proposals will be received until 2 p. m., August 2b, by the Village Council, George Welsh, President, for $8,000 5* 8-10year (serial) water bonds. Securities were authorized at an
election held May 28, 1901. They are in denomination of
$1 000, dated Sept. 2, 1901.
Mountain Lake, Minn.— Bond Offering.— Proposals will
be received until 4 p. m., August 26, by the Village Council
at the office of S. Balzer, Recorder, for $6,000 bonds. SecuInrities are in denomination of $1,000, dated Sept. 1, 1901.
terest, at a rate not exceeding 5i, will be payable semi-annually at the Bank of Mountain Lake, Mountain Lake, Minn,
Principal will mature $1,000 yearly on April 1 from 1903 to
1908, inclusive.
certified check for $300 must accompany
proposals.
Napoleon, Ohio. .Bond! Offering.— Proposals will be received until 12 m., August 24, by Usher Fiser, Village Clerk,
for $1,500 5$ street-improvement bonds.
Securities are in
denomination of $500, dated Aug. 1, 1901. Interest will be
payable semi-annually on March 1 and September 1 at the
office of the Village Treasurer.
Principal will mature one
bond in two, three and four years after date of issue. Blank
lithographed bonds must be furnished by purchasers.
New York draft for $100, payable to the Village Treasurer,
must accompany proposals.
Newburgb, N. Y.—Bond Sale.— On August 5 the $15,000
1 20 year (serial) refunding water bonds were awarded
to the New burgh Savings Bank at 101*77 a basis of about
3'30j6 For description of bonds see Chronicle July 27, p. 202.
A
—
A
3^
—
Newburyport, Mass.— Bonds Authorized.
—The
issuance
of $55,000 3%$ 30-year sewer bonds has been authorized.
These securities will be in denomination of $1,000, dated
Sept. 1, 1901.
are advised that the bonds will probably
be taken by the sinking funds and trust funds of the city.
New Castle, Pa.— Bond Offering.— Proposals will be received until 12 m., August 12, by John C. Jackson, City
Clerk, for $30,000 4£ sewer bonds. Securities are in denomination of $15,000, dated Aug. 1, 1901. Interest will be payable semi-annually, and the principal will mature one bond
in one year and the remaining bond in two years.
Newfane, Vt.— Bond Interest Reduced.—The Town Selectmen recently made an agreement with the holders of refunding Brattleboro
Whitehall Railroad aid bonds now outstanding, amounting to $12,000, to accept interest at the rate
of 4% per annum from July 1, 1901, instead of i}4$, as now.
New London, Kandiyohi County, Minn.— Bond Offering.
—Proposals will be received until 8 p. if., August 24, by the
Village Council, at the office of Eben E. Lawson, Village Recorder, for $2,0(
5%% 10 year refunding bonds. Securities
were voted at the election held July 26. They are in denomination of $100.
We
&
New Rochelle, N. Y.— Bond Sale.— The highest bid received August 6 for the $120,000 3^f 9-43 year (serial) registered sewer bonds was that of W. J. Hayes & Sons, Cleveland, at 103-64-an interest basis of about 3-302.
flJViobo
dis-
has voted to issue schod- house bonds.
are the bids
W.J. Hayes* Sons. Cleve
lCS'rtl
h arson. I.each 4. Co., New York.103-00
Following
:
R. Kleybolte k C
And blauk bonds.
New York
O'Connor a Kel h
*or description of bonds see Chronicle July 20, p. 150.
M. A. stelu. New York
102u0
Lawrence llaruum A Co., N. Y.l
Marshal), Mich.— Bond Election.— An election will be held
For description of bonds see Chronicle Aug. 3, p. 253.
August 29 to .vote on the question of issuing $63,000 electricNew
York City.— Tenders Made of Oity Bonds.— The Sinklight and water-works improvement bonds.
ing Fund Commissioners on August 8 received the following
Marlinsborg, W. V a— Bond Offering.— Proposals will be tenders
for the sale to them of %%$ consolidated stcck issued
received until 8 P. m., Sept. 5, by the Board of Refunding
by New York City as constituted'prior to Jan. 1. 181
Commissioners, for $76,C0l) 4$ refunding bonds. Securities
Harvey Flsk ± Sons. |l,026,00f(392«
• i0 2'£2??2fK
are in dentmination of $500, dated July 15, 1901.
8,600<»»6
New York
Interest
Florence G. Joseph
647,o00tttf^
will be payable semi-annually at any State or national bank
Accrutd inteiest to be added to all bids. The Commisin Martinsburg or at the National Park Bank, New York
sioners have not as yet acted on these offerp. The bonds aie
*
r,
J
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I
THE CHRONICLE.
306
1, 1929, and which are subject to call
after Nov. 1, 190').
Oak Hill (Ohio). School District.— Bond Offering.— Proposals will l>e received until 12 M., August 15, by T. T.Jones,
Clerk of the board of Education, for $12,000 4% school bonds.
Securities are in denomination of |50 i, da f e S->pt. 1.1901.
Interest will be payable semi-annually at the Farmers' Bank
of Oak Hill. Principal will mature $5ii0 yearly on September 1 from 1902 to 1925, inclnsive. Sucurlties are issued
under the provisions of Section 3993 and Section 22b, Revised
Statutes of Ohio.
Omaha, Neb.— Bond Offering.— Proposals will be received
until :$ r. M., August 22, by A. H. Hennings, City Treasurer,
for $100,000 it 20 year refunding sewer bonds. Securities
are in denomination of $1,000, dated Sept. 1, 1901. Interest
will be payable semi-annually at Kountze Bros., New York
certified check for $5,000 on a national bank,
City.
payable to the city of Omaha, must accompany proposals.
Oneonta, N. Y.— Bond Offering. —Proposals will be received until 8 ]'. m August 19, by the Board of Trustees, for
$37,500 pavement and curbirig bonds. Securities are in denomination of $500, dated July 1, 1901. Interest (rate to be
named in bids) will be payable annually on July 1. Principal will mature $1,500 yearly on July 1 from 1906 to 1930,
inclusive.
certified check, certificate of deposit or New
York draft for $1,000, payable to the Village Treasurer, must
accompany proposals. Bidders must be present or represented by some person authorized to make contract immediately upon the acceptance of proposal. Henry D. McLaury
is Village Clerk.
Paris, Mo.— Bond Offering. Proposals will be received
until 6 p. M., August 26, by T. G. Mitchell, Mayor, for $20,000 5% water and light bonds. Securities are issued pursuant
to election held June 3, 1901, when the vote was 310 for to
35 against. They are in denomination of $500, dated Sept. 1,
1901.
Interest will be payable semi annually at the Paris
National Bank of Paris. Principal will mature $5,000 on
September 1 in each of the years 1906, 1911, 1916 and 1921.
For authority to issue these bonds see Section 5968 of Article
5 and Sections 6350 to 6353 of Article 13, Chapter 91. The
above bonds will represent the total of such indebtedness of
I
,
A
—
NEW
LOANS.
WATER BONDS.
Sealed proposals to be addressed and marked as
follows, to wit:— •Chairman of Finance Commit tee,
orance Common Council. Proposal for *«0.0()0
water bonds,"
will be received by the Orange Com
Council up to 8 o'clock on Monday, Aiianst
19th. 19ol. at the Common Council Chambers, Canfield Street Engine Htuse, Orange. New Jersey;
each proposal to be accompanied by a certified
check to the order of the City of Orange for the
sura of $6,ooo, and to state the amount of the bonds
bid upon, whether t he whole issue or a portion, and
If a portion, the dates of payment. The whole issue
will be for fGO.ulO coupon bonds for the purpose of
defraying the cost and expense for the construction
of buildings, machinery, reservoir, dam and appurtenances at Campbell's Fund, Milburn, New Jersey,
In connection with the water works of said citv, under the provisions of ordinances Of said city and a
certain Act of the Legislature of the State of New
Jersey, entitled:— "'An Act to enable cities to supply
the inhabitants thereof with pure and wholesi me
water," approved April 21st. 1870, and the supplements thereto. 'J he said bonds to be called "Water
.Loan Bonds" to be Jl.UOu each, dated August 1st,
1901, with interest at 4 per cent per annum, pavable
semi-annually; the principal or said bonds to be
paid in instalments of $15.0<>u annually, on August 1
In the years 1924 to 192J, both inclusive.
The Common Council reserves the right to reject
mon
any and
all bids.
HBNRY
A. H.
STETSON. Mavor.
VANDKRPOEL.
Chairman Finance Committee.
R.
WILLIAMS, Collector of Taxes.
I.
Chronicle July 13, p. 98.
'tontine, Mich.— Bond Sale.— On August 1 the $50,000 4£
water- works bonds were awarded to Farson, Lsach & Co.,
Chicago, at 106 284— an interest basis of about 3-591^. Securities are in denomination of $1,000, dated July 15, 1901.
Interest will be payable semi-annually, and the principal
will mature $5,000 yearly on July 15 from 1919 to 1928, inclusive.
Bond OfferPowell County (P. O. Deer Lodge),
ing.—Proposals will be received until 3p.m. September 3,
by James H. Mills, County Clerk, for $75,000 4* bonds. Securities are in denomination of $1,000, dated July 1, 1901.
Interest will be payable semi-annually at the office of the
County Treasurer. Principal will mature July 1, 1921, subcertified check for $1,000
ject to call after July 1, 1911.
Mont—
A
must accompany proposals. These bonds were awarded on
June 5 to the Thomas Cruse Savings Bank of Helena. We
are not advised as to the reason for the re-sale.
Redwood Falls, Minn. Bond Sale. On August 6 the
$6,000 4% 20-year water-tower bonds were awarded to Duke
Co., Chicago, at 100'833— an interest basis of
M. Farson
about 3'94£. Following are the bids
—
&
:
Chic. .$8,050 00 First Nat. B'k, Redwood Falls.$6,000 00
6,82100
Slate Savings Bank, St Paul. 6,000 00 Chas. II. Coffin, Chicago
*fi,l5000
0,000 00| Kane &. Co.. Minneapolis
S. L. Prentiss, Winona
S. A. Kean, Chicago
*6.100o0
* Bids for i\tf. bonds and were rejected.
Duke M. Farson&Co..
I
I
All bids included accrued interest and blank bonds free of
charge in addition to the price offered.
St. Louis, Mien.— Bond Sale.—Oa August 1 the $12,000 4<£
20-year public improvement bonds were awarded to The
Lamprecht Bros. Co., Cleveland, at 102 508 an interest basis
—
COUNTY OF OURAY, COL- N.
ORADO \% FUNDING BONDS.
$25,000
Bonded Debt of County
$328,000
72,000
Total outstanding.
$400,000
50,000
Less cash in Treasury
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
Net Debt
$350,000
No
Floating Debt.
Interest Charge. $18,160
Asses'dvaluat'nfortaxation.fl.'SB.OOO
For the redemption of the^e bonds an annual tax
must be levied after the ninth year, that will produce yearly lv% of the whole amount of bonds refunded, which special fund must be set aside and
used for no other purpose.
The Colorado Legislature, Session 1901, passed a
Law, which becomes operative this year, providing
a new method of assessing and taxing the output of
mines. The County officials advise us that, under
this law, the increase in the assessed valuation will
Quotations furnished for purchase, sale or exchange.
AUGUST INVESTMENTS.
Butler County, Ohio, 4s,
Columbus, Ohio,
4s,
Cleveland, Ohio, 4*28,
Gallia County, Ohio, 5s,
be about $1,600,1
Ouray County's main source of wealth is its gold Indianapolis, I ml., 3-ss,
mines, valued at over $lo,<iOiv
The Revenue and
Camp Bird Mines, which have been in operation a Nauiiatuck, Conn., 4s,
number of years, are in the county, and it is esti- New Britain, Conn., 3-28,
mated that these two mines aione ship out of the
State of Mont., (Normal School) 5s.
County in gold bullion over $5,o< dailv.
>.
(
The City of Ouray, the County Seat, is the distributing point for a large section of country, and the supplying of the mines and cattle ranches makes it a
center of considerable importance.
Tin* undemigned offer the above bonds at
Rudolph Kleybolte
1
31 Nassau
St.,
New
&
AND
Co.,
Congress Street, Boston.
Street,
Service
Public
E. H.
ROLLINS & SONS,
BOSTON.
New York.
San Francisco.
STATE, CITY & RAILROAD BONDS. Denver.
and
Offer
$60,000
MUNICIPAL and
CITY OF HARTFORD, CONN., CORPORATION
30- YEAR
SCHOOL DIST.
3^8.
Price upon application.
Trowbridge
&
Niver
CHICAGO,
Bank B'ld'g.
1st National
Coruoration
BONDS.
BANKERS,
16
Oo.
MUNICIPAL
CO., Bankers,
Tel. 5738 Cort
York.
Blodget, Merritt
&
NASSAU 8T..NEW YORK CITY.
SHEPARD &
13 Wall
We Own
BOSTON.
In
Annual
CO.,
NEW YORK.
CHICAGO.
NEW YORK.
Municipal,
Railroad and other bonds adapted
for trust funds and savings.
ISSUE TRAVELERS' LETTERS OF CREDIT
A VAIL ABLE IN ALL PARTS OF THE WORLD.
:
4% bonds outstanding
7% bonds outstanding
E. D.
August Investments.
BANKERS.
31 NASSAU ST.,
CHICAGO.
Interest Pnynble at Chemical Nat.Bk.,N. Y.
Coupon IJomls, Denomination, Si, OOO.
Deal exclusively
p. c. and accrued interes", yielding
iiiM'.iiiicni 5 p.c. The bonds are offered
subject to sale and change in price. Delivery free
at any bank, orders may be wired at our expense.
SEND FOR LIST
INVESTMENTS.
W. HARRIS & CO.,
Principal Payable May 1st, 1920.
Interest Payable Semi -Annually on May 1 & Nov. 1.
Redeemable, at t he option of the County, May 1, 1911.
87*45
on the
FARSON, LEACH &
I
INVESTMENTS.
S90,000
0RAME, NEW JERSEY,
Vol. LXXHI.
the city, while the floating debt is $2,000. The assessed valuation i.s $700,000 and the real value about $2,000,000.
Pan Id in it, Ohio.— Bond* to be In8ued.— This city proposes
to isfne $:}"> 000 'ft water- works bonds.
Philadelphia, Pa.—Temporary lx>an.— The Sinking Fund
Commissioners have decided to take the four-months temporary loan of $^40,000 mentioned in the Chronicle July 13.
Interest will be at the rate of 41.
PlattBharg, N. Y.— Bond Sale.—Oa August 1 the $55,000
8}4t gold improvement bonds were awarded to Dick Bros. &
For description of bonds see
Co., New York, at 102-275.
those maturing Nov.
A
I
Co.
Netting from
BONDS
Z% to &% always on hand.
DUKE M. FARSON &CO.
115 Dearborn
St.,
CHICAGO.
Send for our Investment Circulars.
Investment Securities
FOB
SAVINGS BANKS and TRUST FUNDS
h%
BONDS A SPECIALTY.
EDW.
NEW
JONES &
C.
YORK,
PI1ILA.,
-
X
-
-
CO.,
NASSAU STREET.,
118 80.
FOURTH
ST.
August
THE CHKOMCLE.
1901.]
10,
For description of bonds see CBBOMICLK
of about 3-82*.
July 27, p. 203.
Schenectady, N. Y.— Bond Offerinq.— Proposals will be
received until 11 a m., Ant'. 20, by J. H. Bernardi, City Tr.
urer, for $15,000 4g registered water bonds. Securities are all
interest will
in denomination of $1,C00, dated Ang. 1, 100
be payable semi-annually at the office of the City Treamrer.
Principal will mature Aug. 1, 1921. These bouda art*
under the authority of Chapter 570, Laws of 1901. A certified
check for 5* of the total amount bid, payable to the City
3o7
awarded to Jos. E. (Javin of Baffftlo at 101-U45 — an
Following ar« the L ids
basis of about 32!",'.
in
:
K
„,
W
j
,,
A
!?
i!m
Son.. <'leve
101
4
101.00
10117
«•• .('leve
(hII or n. .iii-i
Prior
,,
mi
Bn&lo
(iaviu,
i'laye*
I
Bl
i
I
..lOfW
DOUI
1
.
must accompany
Treasurer,
proposals.
Sureveport, La.-Bwd Sale.— The Finance Coniu
has sold at par an issue of $8,000 public- improvement
bonds.
South Portland, Me.— -Bond* Proposed.— The City Council
consideiing the question of issuing $20,000 3}££ 3 12-jear
sewer bonds.
Spokane County, Wash.— Bond Offering— Proposals will
be received until 12 II., September 17, by the County Commissioners— Frauk Bracht, Chairman— for $183,000 4% refunding bonds. Securities are in denomination of $1 000,
dated Dec. 2, 1901. Interest will be payable semi-annually
Principal will mature in twenty yearn,
in New York City.
subject to call after ten years. Bondri are issued under the
authority of Chapter 54, Laws of 1901. Either cash or a
cashier's check, issued by a national bank and payable to
Spokane County, for 2% of the amount bid, must accompany
proposals. Several of the papers have reported that these
bonds had been sold to N. W. Harris & Co., Chicago, but
while such an arrangement was at one time in progress, it
is
(serial)
was never
closed.
Springwells Township, Wayne County, Mich.— Bond Elec
Hon.— An election will be held August 14 to vote on the issu-
ance of $10,000 bridge bonds.
Sutton, Mass.— Railroad- Aid Notes Not to be Issued.— We
are advised that the $15 000 1-15-year (serial) notes authorized at the town meetiog held April 27 in aid of the proposed
Millbury Sutton &. Douglas Electric Railway will not be
issued, as the parties who contemplated building the road
have given up the project.
Syracuse, N. Y.— Bond Sale.— On August 5 the four issues
of 3}<* 1-20- year (serial) bonds, aggregating $144,000, were
CORPORATION
•
•
i
LIST ON APPLICATION.
A. G. Becker
I
&
INCORPORATED.
W.
Cor.
Monroe & La
and are issued under Cnapter 576 of the Laws of lfc03, as
amended by Chapter 435 of the Laws of 1*94 and Chapter
370 of the Laws of 1900, and in pursuance of resolutions of
the Common Council approved by the Mayor on June 7, 1901.
uterest will be payable eemi-annually at the oilice of the
'ity Treasurer. Principal will mature $2-5.000 annually from
No bid for less
in 191G.
1 to 1915, inolusive, and $10,000
ban par and accrued interest to the time of delivery of the
bondB will be entertained. It is officially stated that the city
I
(
t
has no floating debt and has never defaulted on the payment
These bonds were offered for
of its principal or interest.
sale as 3)4 per cents on July 12, at which time the only bid
considered was that of W. J. Hayes & Sons, Cleveland, who
The sale was not conoffered $74 premium for the botds.
summated, as it was claimed the bonds were not sufficiently
advertised.
Victoria County, Texas.— Bonds Registered. -The State
Comptroller has registered an issue of $71,000 refunding
court-house bonds.
Wagoner, Ind. Ter.— Bond Election.— An election will be
held in September to vote on the question of issuing 5£ 20-40year (optional) gold water- works bonds.
238-240 La Salle
N. Y. Office. 1442
Co.,
MUNICIPAL
INVESTMENTS.
DENISON, PRIOR & CO.
DEALEH8 IN
Street,
&
Co,,
AND CORPORATION
SEND FOR
S
Bonds,
Grade
High
Broad-Exchange Bldg.
MacDonald, McCov
LISTS.
Exchange Place, Boston.
131 Euclid Avenue, Cleveland.
I
BONDS.
COMMERCIAL PAPER,
8.
/
CHICAGO.
ILLS.
-
t
INVESTMENT SECURITIES.
172 Washington Street,
CHICAGO,
York, offered 10050 for the i
K Todd & Co.,
library bunds, 100-b8 for $60,000 school bond
l.utO bridge bonds and 10075 for $42,000
bonds. The bonds are part of tboBe sold June 24
\V. Harris & Co. and Farson, Leach & Co., New York
ity, which were then refused, owing to the faulty wording
under which they were Issued. The ordif the ordinance
altered, passed r. p;ularly by the Council,
been
siLce
nas
nance
For lull description ot issue
.uid the bonds sold as above.
iiKONH le July 27. p. 203.
Troy, N. \.—Bond Offerinq.— Proposals will be received
until li M.. August 15, by LeRoy Rickerson, City Comptr
l
bonds. Seler, for $135,000 'S ?,% "additional water-works"
July
dated
15, 1901,
of
denomination
$1,000,
in
are
ries
INVESTMENTS.
Geo. D. Cook Company,
INVESTMENTS.
T. B. POTTER,
MUNICIPAL and nriklHQ
BUNL,a
W
New
Salle Bti., Chicago, 111.
171
La
Salle Street, Chicago.
MASON, LEWIS & CO.
BANKERS,
MUNICIPAL
RAILROAD
MUNICIPAL BONDS.
E. C.
and
CORPORATION
BONDS
TO NET FROM *%% TO
6%.
CORRESPONDENCE SOLICITED.
C. H.
WHITE &
CO.,
BANKERS,
Tl
Broadway,
•
New York.
Ltd.,
Charing Cross, London.
LONDON AND PARIS
EXCHANGE,
Ld.,
Bankers and Exchange Agents.
HEAD OFFICEt
Basildon House, Moor gate Street,
E. C.
The exchange la prepared to entertain
proposals tor Introducing South African
and Rhodeslan shares In America.
Only first-class propositions.
Co..
Seasongood
s).
MUNICIPAL
RAILROAD
CORPORATION
BANKERS,
Devonshire Street
BOSTON.
&
Mayer,
Streets.
MUNICIPAL BONDS.
City, County, Town and School Bondi
leading prosperous States of tbe Union,
especially adapted for safe and permanent Invest
mem for Estates and Trust Funds.
Hlgh-Grade
UO Devonshire
St*
^^..-^
BONDS.
Choice Issues.
Street
W. Corner Third and Walnut
CINCINNATI, OHIO.
ssued
AGENT8 FOR THE
AXGLO-AM L HIV A X BANK,
LONDON,
121
STANWOOD &
BOSTON,
CHICAGO.
iHonadnock Building
F.
Railway and Gas Companies.
LIST ON APPLICATION.
R.
FULTON & CO.,
Municipal Bonds,
In
CLINTON GILBERT,
2 Wall Street,
New York.
BANK AND TRUST
CO.
174
la salle street,
CHICAGO.
ATTRACTIVE BONDS
Yielding from 3 to 6% net.
VERMONT BONDS A SPECIALTY.
STOCKS.
B. POWM.Ii A' CO.,
HARRY
WooiUtocU. Vermont.
INVESTMENT SECURITIES.
•
Supplement
File Cover.
A. Strassburger,
We have a new File (^v^rr.r
STOCKS AND BONDS BROKER.
Southern Investment Securities.
MONTdOMJEBT, ALA.
theoneum-d rornllnn
..sicut, but adapt*)
especial! v ror tne S( ppli
Price. 5J com?, ur 88
WILLIAM
B.
h.>ldln* th,-.'HRo.N-
'-
hy mall.
DANA COMPANY,
78* PINE STKKir. N K\V YOKK.
THE CHRONICLE.
308
Walkerton, Ont.— Debenture Offering.— This town
ing for sale the following debentures
is offer-
:
8,774 90 SjtconsolWluled dabanttUM, maturlne $1,57185 on Jan. 1. 1014, $1,66044 Jan. 1, 1916, »l,782«i Jan 1. 1910. aud *l,819(ii Jan. 1,1017.
mid July 1.
Interest will be payable Jan.
9,000 004* debenture* lor (rater works, scwom and sundry Improvements,
mat aring part yearly for went v rear*,
annua) p ment <>f both
principal and Interest bein^ together m eaohjyear bmS £*.
«
1
1
1
1
1
Principal and interest of both issues will ba paid at the
Merchants' Bank of Canada at Walkerton.
Wapakoneta, Ohio.— Bond Sale.— On August 5 the $18,500
4% 5?^ -year (average) street-improvement bonds were awarded to the People's National Bank of Wapakoneta at 101-681
an interest basis of about 8 072*. For description of bonds
see Chkonicle Jaly 27, p. 204.
Warwick, N. Y.— Bond Election.— An election will be held
August 12 to vote on the question of issuing $10,000 road-improvemeut bonds.
Watertown, Mass.— Loan Offering.— Proposals will be received until 3 P. M., August 14, by Cbas. W. Stone, Town
Treasurer, for a $30,000 loan evidenced by 3%% coupon notes.
Loan will mature July 1, 1911, and the interest will be payable January 1 and July 1.
Wayne Township (N. J.) School District.— Bond Offering.—Proposals will be received until 3 P. M August 15, by
R. M. Torbet, District Clerk, 23 Bank Street, Paterson, for
$4,900 5% bnilding bonds. Securities are in denominations of
$500, $600 and $100, dated Sept. 1, 1901. Interest will be
payable semi-annually at the First National Bank of Paterson. Principal will mature one bond yearly, beginning in
Bonds are issued under authority of Section 208, Re1903.
vision Laws of 1900. The bonded debt, including this issue,
will be $13,200. The assessed valuation is $962,600 and the
actual value over $1,000,000.
Weathersfield, Conn. Loan Authorized. At a special
town meeting held August 5, the Treasurer was authorized
to borrow not exceeding $3,000 for street improvements.
Webster, S. Dak. Bonds to be Issued. This city proposes
to put out an issue of $25,000 5% 10-20-year (optional) waterworks bonds.
The
York, Pa. Bond Ordinance Passes Select Council
Select Council on July 19 passed an ordinance providing for
the issuance of $30,000 fire-department bonds.
—
,
—
—
—
;
:
10,275
2,800
W'nk A rejnna newer bonds, maturing one bond of {1.2C6 yearly on Oct. 1
from 1WO; to IS ki. inclusive.
Wick Avium repal Inn No. t bon Is, rnuturlDd one bond of $560 yearlyon
Oct. 1 from 111 >M to ItfOfl, Inclusive.
7,700 Central Square repavliit' bond*, maturing one bond of 11,540 yearly on
Oct. I from UlOt to 10uO. Inclusive.
0,000 Market Street ropavlnc lionds. uiaiurlDK one bond of $1,200 yearlyon
Oct. i from 1002 to 1906, lncla
1,200 Buekeve Stret urudinit Nonds, maturing one bond of $210yearlv
Oct. 1 from 19j2 to iwou, Inclusive.
p.
Proposals will also be received by the City Clerk until 2
M., August 31, for the following bonds bearing date
Sept.
9,
1901
:
$10,000 b% sidewalk bonds, maturing one bond of $2,003 yearly on Oct. 1 from
19ol to 10<>6. inclusive.
16,780 6% Arlir.t'ion Street pavinv bonds, maturing one bond of $3,356 yearly
on Oct. 1 from 1ho3 to 1907, Inclusive.
6,990 6% West Kayen Avenue iiavinu bunds, maturing one bonds of $1,89^
yearly on Oct 1 from 1908 to 1007, Inclusive.
6,7806% West federal Street paring bond", maturing one bond of fl.lS".
yearly on Oct. from 190.1 to 1007, inclusive.
3,460 5% Lydla Street gradinu bonds, maturing one bond of $692 yearly on Oct,
1 from iOj.'I to 1007, inclusive.
.
l
Interest on all the above bonds will be payable semiannually at the office of the City Treasurer. Purchasers
mast be prepared to take the bonds not later than the
day of issue, the money to be delivered at one of the city
banks or at the office of the City Treasurer. A certified
check for 2% of the amount of bonds bid for must accompany
proposals. Bids must be made separately for each issue.
Bond Sale.-Oa August 5 the $100,000 4£ 1-20-year (serial)
refunding water bonds were awarded to R. McCurdy,
Youngstown, at 105-511— an interest basis of about 3-373^,
Following are the bids
B. McCurdy, Youngstown... $105,611 00 W. R. Todd & Co.. Cincin. .$104,512 60
Adams & Co., Boston
105,410 00 State Sav. Bank, Toledo.... 104,510 00
W. J. Hayes & Sons, Cleve.. 105.007 00 Spltzer* Co.. Toledo
104.325 00
Denison. Prior & Co., Cleve. 104,987 CO 8. A. Kean. Cbtcaao
103 37000
Lamprecht Bros. Co., Clev
104,c90 00 Keder, Holzman «Co..Cin.. 103,270 00
New 1st Nat. B'k.Columbus. 104,870 00 Prov. Sav. Bk. & Tr.Co.,Cin. 102,010 50
P 8. BrlKgs 4 Co.. Cincin..
104,800 00 C. K. Williams & Co., Pitts.. 101,100 00
Seasongood & Mayer. Cln
101 .688 00
On the same day the $300 Lane Avenue, the $225 Webb
Street and the $225 Grove Street sewer bonds were awarded
to R. McCurdy of Youngtown at 102-08, 102 and 102, re:
.
.
.
For
spectively.
July
MISCELLANEOUS.
WHITE &
8ECURE BANK VAULT8.
G.
CO.,
. .
full
description of bonds see
Engineers, Contractors,
MISCELLANEOUS.
NOW READY.
HAND-BOOK
BROADWAY,
N. Y.
29
Investigations and Reports on
Electric Railway, Gas, Electric
Light, and Power Transmission
Properties for Financial Institutions and Investors.
Light and
Financed,
Electric Railways, Electric
Power Plants
Electric
Designed and Built.
J. G.
i'i
WHITE
a College
J. S.
OF
Railroad
QENUINE
WELDED CHROME STEEL AND IBOK
ttound and Flat Bars and 6-ply Plates and Anglet
FOR. SAFES, VAULT8. Ac.
Cannot be Sawed, Cut, or drilled, and positively
Burglar Proof.
CHROME STEEL WORKS,
Kent Ave. Keap and Hooper
8
LONDON:
dk CO., Limited.
Bill, Cannon Street.
>ie
Manners in
THE GRAND
PRIX.
204 Dearborn
and Miscellaneous
Bonds and Stocks. Monthly for 1900 and
to July 1, 1901.
NEW YORK.
LONDON,
St.,
£, C,
WAB AWARDED AT THK PABIS EXPOSITION TO
WHITING'S STANDARD
ever received this— the highest nonor that can be
conferred.
It means they are the most perfect
made. Insist on having them for your fine correspondence and your office stationery. Are you using
Whiting's Ledger Papers in you Blank-Book ?
Samples and booklet free.
WHITING PAPER COMPANY,
S&
hol yoke, mass.,
And
Accountant,
*!KT B ST0N MAS*
'
Examination! and Invettig*
tione conducted with the utmost
Books audited.
care and efficiency.
M. Smith,
Broker in Securities,
AUBURN, NEW YORK,
Patterson, Teele & Dennis,
CERTIFIED PUBLIC ACCOUNTANTS.
30 Broad Street
-
MewYerfa.
150
New
Duane Street,
Chronicle
York.
Numbers Wanted.
Railroad and Miscellaneous Bonds and Stocks. Monthly for
year ending June 30, 1901.
BOSTON— Railroad and Miscellaneous Bonds
and Stocks. Monthly for year ending
June 30, 1901.
Yearly
Range of Prices with Dates-
Yearly Range of Active Stocks— Date of
highest and lowest prices made in the years
1898, 1899, 1900, and to July 1, 1901, In
New York, Boston and Philadelphia.
Dividends.— Dividends on Railroad 8tocks
sold at the Exchanges In New York, Boston, Philadelphia and Baltimore, paid during each of the years 1895 to 1900, inclusive, and to July 1, 1901.
Dividends on Leading Industrial Stocks during each of the years 1895 to 1900, Inclusive; and to July 1, 1901.
May
Issues of Jan.
17, 1891 ; Jan. 14. 21, Feb. 4, 11,
11, June 89, 1S95; Jan. 4. Feb. 22.
; Jan.
8, lf98 ; Jan. 14, 21, 28, Feb. 18, 189», and
12, Feb. 2. 1901.
18.20, 1893;
1896
Jan.
Fred.
PAPERS.
They are the only American papers which have
WM. FRANKLIN HALL,
EX C
53
Railroad Securities.— Statement showing
PHILADELPHIA —
SELLS,
30 Coleman
St..
CHICAGO, ILL.
CONTENTS:
NEW YORK— Rallroaa
York.
Certified Public Accountants,
ST.,
of the
Highest and Lowest Prices—
manager.
BROAD
by the Publishers
Financial Chronicle.)
outstanding Stocks and Bonds and also the
Income for a series of years past, as well as
the amount applicable to Interest charges, of
Railroads whose securities are commonly
sold In the markets of New York, Boston,
Philadelphia and Baltimore.
Investigations and reports for Investors on IndusTechnical Processes, Patents, etc.
Twelve years practical experience as a works
30
<fe
BKIIUKI.VI N.Y.
the U.S.
trial Plants,
HASKINS &
(Issued Semi-Annually
Sts.,
ENGINEER & CHEMIST
New
Securities.
JULY EDITION.
Commercial
STILL WELL, M. Sc,
156 Broadway,
Chronicle
20, p. 153.
MISCELLANEOUS.
J.
LXXIH.
Yonngstown, Ohio.— Bond Offering.— Proposals will be received until 2 i\ m., Aug. 26, by Wm. I. Davies, City Clerk,
for the following 5* bonds, bearing date Sept. 2, 1901
i
i
[Vol.
May
Quotation Supplement March,
Price of Single Copies
I9fil
Will pay 10 cents a copy for the above.
WILLIAM
B.
DANA COMPANY.
76K Pine
Street.
CHRONICLE VOLUMES FOR SALE.
1866 TO DATE.
WILLIAM R. DANA COMPANY,
PINE ST., CORNER PEARL
TERMS.
ST., N.Y.
•
-
To Subscribers of the Chronicle,
To Bankers and Brokers
gilt on tne
cards lettered in
$100
75
In quantitlee. with their
cover, at special rates.
WILLIAM B. DANA COMPANY,
Pine Street, Cor. Pearl Street, New York.
@FedFRASER