The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ftnanrial
Amine
.in nidi
Supplement (mmd
Investors Supplement
Quotation
Street Railway Supplement
QtmAm^
Supplement
^m^
Stale arafCihj
(Quarterly)
[Entered according to Aot of Congress, In the year 1901, by the William B.
VOL.
Daha Oompakt, In the offloe
SATURDAY, AUGUST
73.
ol the Librarian of Oongreea.)
NO. 1886.
17, 1901.
W$*k ending August
Clearings
1901.
PUBLISHED WEEKLY.
Terms of Subscription— Payable in Advance
For One Year
$10 00
For Six Months
6 00
European Subscription (Including postage)
13 00
...
European Subscription Six Months (Including postage)
7 50
42 14b.
Annual Subscription In London (lnoludlng postage)
do.
do.
BlxMos.
do.
41 lis.
Above subscription lnolndes—
street Railway Supplement
Thb Quotation Supplement
state and City Supplement
Ths Investors' Supplement
Terms ol Advertising—(Per Inch Space.)
Transient matter
$4 20
standing business cards.
Two Months
(8 times)..
22 00
Three Months
(13 times) . $29 00
(26 " ).. 50 00
Twelve Months (52 " ).. 87 00
.
Six Months
London Agents:
Messrs. Edwards <& Smith, 1 Drapers' Gardens, E. C, will take subscriptions and advertisements, and supply single copies of the paper
at Is. eaoh.
WILLIAM
Post Office
B.
DANA COMPANY,
Pine Street,
Box 958.
New Haven
3prlngfield
Woroester
Portland
Kali River
i.owell
IIolTOke
Total New Eng..
|
Publisher*,
Corner of Pearl Street,
NEW YORK.
Chicago
luolnnatl
Detroit
Cleveland
Milwaukee
Columbus
ludianapolls
1'eorla
,
Toledo
Grand Rapids
Dayton
Kvansvllle
roungstown
,
,
,
Springfield, 111
Lexington
Akron
Kalamaxoo
CLEARING HOUSE RETURNS.
iiockford
$1,305,761,093 the corresponding
Cuarinos— Return* bv Telegraph.
fVeck .Enclitic August 17.
cities, 6
(titles,
Total
1833,568.336
96,611,224
84,715.091
15,049,090
118.459,173
84.554,024
All cities, 1
Total
days.
6 days
. . .
day
all olties
1612,881,662
86,635,826
68,049,180
18.620 692
100 064,113
88.370.486
6,543.304
8,200,000
5 days
al 1 olties ,
P. Cent
1900.
for week.
+86-1
+11-4
+88-6
+19'8
+18-4
+21
n
+11-9
11,189.058.991
214,217.409
1907,684 618
184,637.926
11,403,271.400
291.986,841
11.093,308.538
213.468.555
+388
11 ,695,257,641
11,305,761.093
+29 8
+28
5
Estimated.
The
We
City.
Portland
Los Angeles...
Seattle
Spokane
Tacoma.
Helena
Kargo
Sioux Falls
Total Paoifio.
Kansas City
Minneapolis
Omaha
St.
We present
below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Aug. 10, and the results for the corresponding week in 1900, 1899 and 1898 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a gain of 48'1 per cent. Outside of
over 1900 is 19 "5 per cent.
New York
Week ending August
the increase
Paul
1901.
1900.
1901.
10.
1899.
i.oulsvllle
lialveston
Houston
avannah
uohmond
Memphis.
vtlanta
Nashville.
Norfolk
vugusta
Knorvllle
Fort Worth
hattanooga
1898.
J
New York
,149.008.368
79,206. 034
81 440.791
19.874.449
5 60S 232
2,858,912
3,066 720
Buffalo
Washington.
Albany
Rochester
Syracuse
Soranton
Wilmington
Bingham ton
Chester
Qreensburg
Wheeling. W. Va...
Wilkes Barre
1,837. 287
1,045.903
1,080,782
1.137,216
819.100
25 n ,563
811, J13
26,663203
17,268.890
4.832.451
2 220.807
2,136,614
1,643.922
906.817
818 901
867.747
342.700
8U3.&6*
237,178
-t-72 1i
908.780.644
82.051.871
24,020.789
•4-98.91
+16
l'.SlS t'Or
5.138 01*
8.060,8*8
9.028,452
1 730 203
1.C0B.912
997 87^
1,014 293
317,800
800,000
1
+ 17-8
+6 6i
+43'0>
+19
+156
+32
+32
6
-6 9!
-22
6
778 HI
2.8-56
67.337.04U
16,810.306
14.446 l-il
4.139 90')
1.772 203
16S->742
909 673
797.607
637.220
801,030
aoksonvlllev.
Outside N. York.
+16
881.098
210,096
1 700.0CO
9,492.308
2.916.643
951,765
1.010,931
842,744
840,228
125,151
86,428,116
80,223,80b
17,402,799
9,818 724
6.160.000
4.662.784
1
+313
+600
+7 6
+35 8
+13-2
+93-1
+7 6
+646
+90-8
+8
+8
6
6
+19
+27'9
+118
+24
+23-0
+7'6
36,784.204
7,410.318
7.897 650
2,749.500
3 500.000
1,946,738
8.889.186
2,180,334
1.844.128
1,580,929
1.497.729
631,261
660.000
1.161,278
804,617
616,000
682.593
466,126
874.348
30.042,192
6.019.328
6,424 98<t
1,068.000
2 100.000
2,695 047
3 206 806
I 824 080
103,832,484
89.692.878
11 046,200
9,514.903
7.183.480
4 445.133
3.391,400
8.551.727
1.810.632
1,664 877
020,851
789.475
583,607
206,358
385.293
438,832
290,600
800,563
803 246
173 838
184.769
+590
+94
+16
+100
J)
+347
+2 2
-10 9
+17'4
+18
—28/
+379
+67 9
+17 2
+8-1
+11-7
+109
+22
-8 6
+20
6
-08
+18-0
12,404 416
1.440.205
1,847.896
1,176.2-0
1,115 544
30.289,866
20.018.68.'
18,186 845
8.133.780
5.814.092
3,607.091
3.860 897
8.447.882
1,074,542
886.656
0,433.891
6.543 537
5.498 530
6
715198
+91
1
600,164
484,894
100.232
+08
+101
+10i
i
135.897,641
16,806.434
9.397,588
1,495,227
1,761,839
4,607,369
1,150,558
1,080,406
615,760
322,101
112.134
+5
628617 Not Include d in tot
48.979 96c
1
in tot al.
+10 9 168,866.794
16.180.182
8.788.883
6.546,530
3 820.686
4,897.621
4,426,571
1.265,296
855.832
050,276
893.367
499.659
136.7031
58 170.808
116,108.242
18.015.550
10.610.588
0.890,478
5,042.484
3.880.800
2.666,902
1.024.933
9.938 693
1,161,284
021.918
766,193
263.247
895.8J1
305.788
398,800
870.263
252.296
314,052
248.918
146,329
!
707,872
612.194
519.931
180 000
88 354
3.8C6849
3.701 443
8.743 212
843 348
660,757
604.985
498,188
377.151
102.560
al.
40. 201.715,
83.327.901
31.091 605
5,697 377
7,914 099
2 202,850
2,450.000
1.958 230
9,860 928
25.126,480
4 830 328
6.828,879
8,008.900
2.080.760
1.895 607
3.187 245
1.354 545
1.477,420!
1.947 113
1,268.083
1.010 090
1.879819
1,83185*
1,884,610;
637,187
(.22 091
732 418
609 15389.000
822 634
2-4 067
1M8 645
897,198
464,188
927 987
639.8H5
570.000
430 571
888 605
817.602
9C8510
1.009 114
709,647
470.861
481.808
847 482
.336 400
823.000
<eoa
993088
231 383
Halifax
I
l&mllton.
John
al.
Vlotorla
v'anoouver
al.
Quebec
1.041.' 84
689
88tf.8Hl.t0t
668,865,582
03.SXI.aiv
1 ,480
558,004,1411
+19*6
52.091. 794
889.666 1.937.844 956
577, It 9 012
459.038.990
11.088 666
7,872 391
1.931.906
18 650.866
6.426 894
1 195 821
1.112 018
OABTADA—
Montreal
Toronto
Winnipeg
st.
+31-2
_
18 128 095
1817.330
1
+88'S
+11-9
Total Southern..
74,677.833 ~~63 600.084
1,816,878.800 1,985 790 846
Total all
I
+119
Not include
In tot
Not include d in tot
39H 5-4. b»0 795782660
+68 9
6S6,53e
729,931
1
667,786,105
70,780.560
81.011.600
3,684,136
9.290,490
9.547.525
2 699,819
1.117,404
1.029.221
605,247
577.618
660.098
4C0.893
1
\ Gent.
Philadelphia
Pittsburg
Baltimore
Louis
Orleans
New
+85
1.961.567
8,873.876
1,148.40900.968
778,732
263.156
448.258
486,051
485,100
305,826
935.636
254.992
202,062
139,276
286,000
160,442
140.000
176.620,420
6.836,517
1.281.299
968.084
1,003,831
1.081,601
503,454
161,777
'opeka
+174
2,945,67t-
910.529,714
4,782,178.
Wichita
Kremont.
Colorado Springs..
Tot. other West.
136.406.4B3
Not tnolude
Joseph
168 Moines
DavenportSioux City
Birmingham
Macon
Little Rook
at—
115.013.655
13.685.150
10.926.828
12.663.815
8.108.857
4.810,200
Denver
St.
st.
night.
Total Middle.
Lake
1
the week covered by the above will be
given next Saturday.
cannot furnish them to-day,
clearings 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
full details for
Clearing!
Franotsoo.
iii
1.248641
800 000
135,087,376
16.996,0)0
14,960,182
14,061,780
6.923.912
6,314,100
4.420,862
2 100,000
8,228,441
1.800.C0C
1,108.056
837,274
441,598
541.676
495,625
470,868
800,358
284,b02
S25.52r
171,819
262,818
253,686
168,198
96.493.781
4.861.1(0
1.982 067
1,287.688
1.306 341
1.620.818
1.878.880
1J5T8.285
1,146 161
1.438,679
806.65J
590.841
899,777
112.383
52rt.500
1808.
180 050,748
6,111,800
2.504 904
145,687.760
,
Tot-Mld.West'n.
Bait
Boston.
Philadelphia
Baltimore
Chloago
St. Louis
New Orleani
Seven
last year.
1901
New York
Other
week
,
,
The following table, made up by telegraph, etc., indicates Springfield. Ohio..
Canton
that the total bank clearings of all the clearing houses of Jacksonville, 111...
the United States for the week ending to-day, Aug. 17, (^ulncy
Bloomington.
have been $1,695,257, 641, against $1,815,876,890 last week and Jackson
Ann Arbor
1899.
1900.
180,036,875
6.077,800
8,108,690
1,447,260
1,384,934
1,420.785
1.140.637
765.678
500.005
413,613
283,208
lloston
Providence
Hartford
New Bedford
i
10.
at—
Total Canada...
16.899 361
10 263 979
8,018 307
1,800 000
695,889
890.294
676,023
1.015,780
1,481,011
84.869.k2S
+96
18.407 909
8 404 346
9,076 466
1,408 521
786.471
+82-1
-2 8
+S8I
+5 6
863. «'
I
683
1,090
90.6 If,
+8 1
—10
-0 5
1.4*
713«8«l
73T46P
Not [nclnde d* in tot aL
~~
26.392.39+l\if
28696 801
'
652 206
738 601
741 087
1,014 8771
8S.78i.961
THE CHRONICLE.
310
HE FINA NG1A L SITUA TION.
being
Dismantling mills — as report says
7
is
places where
to-day in
threaten
not
to
public
protect
opinion or
them
— and
done
officials
rc-planting
they
whore the prospect is
merely the working out of a
familiar economic principle.
In the matter of iixed
capital the action of this law is usually so slow and
occult that the teaching is not heeded and generally
not even recognized; but in the case of strictly
floating capital, which is readily moved, the flight
comes as a quick response to the first fear and is an
the mills
in
places
will be protected,
is
What
the people are likely
to learn on the present occasion and it is a muchneeded lesson is that capital possesses all degrees of
mobility; none, indeed, being so attached to place
as to be in case of threatened harm wholly beyond the
oft-repeated incident.
—
—
[Vol. LXilll,
has worked no traceable harm in the past to individual interests, a large portion of those who know
the right, and should oppose hostile action, find it
easier to let the
The conclusion
it.
paying
so
one.
course than to fight
the public sleeps while the
is,
being
wage-earner is
sympathy, and
a
movement run
its
debauched
the
politician
Nothing short
of
by
overdoses
finds
an
the
of
issue
earthquake
complacency, reverse the prevailing sentiment, and set thought a-running in
a new channel
as
to
make these various
so
parties not only see but feel that this great law of
trade applies to corporations, and can and will drive
them out of every town where they cannot be protected as perfectly aB other property is.
What is
desirable is to have the removal so immediate that
the results presented to the eye of the public will
stand out in strong contrast. The nature of the
losses the activities of the town would suffer by the
removal of a mill we need not portray they would be
along the same lines as the benefits secured by its
will
disturb
this
Probably a railroad is the least
Hitherto it has
able to protect itself against attack.
much the
pretty
been supposed that a mill stood in
same category; it is with reference to that situation location.
We urge this because a mere end to the present
that the week's events are so useful, affording as they
They disclose that a strike does not by any means put an end to the movedo quite a new revelation.
manufacturing establishment can strike back that it ment for unionism. A settlement made by simply
is mobile enough to "get up and get" if the occasion taking the men back only defers the ultimate strugis such as to demand what may be called heroic gle; the old contest will come up again, probably with
Of course the transplanting entails a great the issue less sharply cut than now and at a time less
action.
more likely than not a reloss; but a sacrifice is necessary where the struggle is convenient for employers
appearance will be forced when an important election
for existence.
We say the movement will entail a great loss; but is impending. Unless the conceit can be knocked out
in our opinion it will well repay the expense of the trans- of these strike leaders, their followers and official supaction however great that loss may be. Indeed it is an porters, and unless the cost of encouraging the error
object lesson which seems to be made almost essential is keenly felt by those who are favoring or passively
by the state of public opinion at the present moment permitting its prosecution, business interests cannot
in some quarters, and for that reason we trust it will expect anything like a peaceful development. On the
be carried through whether the continuance of the other hand, the actual removal of a few mills from
strike be long or^short. Contrast present hostility with those points where the public seems wholly to have lost
the effort the inhabitants of a locality often make to its moral sense and refuses protection to mill property,
secure the building of a factory. Sometimes they would not only tend towards creating more conservapromise money, sometimes land, often relief from taxa- tive views at those places, but would tend to stimulate
tion for a time, to draw such an enterprise to their the growth of just judgments on labor disputes
town. They are wise in all that, because after a few all over the country. When it has once become known
years it will, they know, enhance real estate values, that mills can strike back, the practice of high officestablish numerous trades, enlarge almost every mer- ials proclaiming that the mills and non-union men
chant's business, very likely also attract other who choose to accept employment shall be left to the
factories, and pay annually directly and indirectly mercies of excited strikers, will be less boldly advocated.
reach of
its
owner.
—
—
—
a large portion of the city's taxes.
ever, all this has been secured, and
When, how-
In a subsequent article we discuss the report of the
between the debit and credit sides of the account Agricultural Bureau on the condition of corn. The
shows the city largely in debt to the corporation, the Department also makes the condition of spring wheat
public suddenly wakes up to a realization that its lower than generally expected, but at 80*3 (the figure
benefactor is really nothing but a horrid, soulless cor- given) the average is nevertheless 23*9 points higher
poration; preachers fall in line with the popular issue, than on August 1 last year and only 3 '3 points
the
balance
new interpretation to brotherly love and to lower than on August 1 1899. These figures are
the command, " Thou shalt not steal," by excepting taken as pointing to a crop of winter and spring
corporations and the property belonging to them. At wheat combined of about 660 million bushels. Private
giving a
this stage, too, politics finding the issue a taking one, investigators still place the probable yield at full 700
adopts the wage-earner, announcing in the party plat- million bushels, and some considerably higher, the
form (stated in brief) that anything he wants he can promise in many parts of the spring-wheat belt being
have. Under such circumstances who can blame the superb, while the harvest of winter wheat has proved
workers, many of whom are not over-stocked with exceptionally large.
But even at 660 million bushels
brains, if they ask for the sun and moon and stars as the crop would be 138 million bushels above that of
It is
well as the earth ?
last year, which was only 522 million bushels.
These few suggestions correctly portray the attitude certain, therefore, that we shall have a large surplus
at present existing towards industrial corporations on for export.
It is equally certain that there will be an
the part of the general public in wide localities. We active demand for all we may have to spare, provided
do not believe that anywhere a majority, or nearly a only that no attempt
majority, really favors the policy pursued; but as it to forbidding figures.
made to rush prices up
The latest accounts from
is
August
17,
THE CHRONICLE.
1901.]
311
France and some other countries on the Continent of
Europe indicate a greater deficiency than at first
seemed likely. Furthermore, the foreign trade statement for the month of July, issued this week by the
Bureau of Statistics at Washington, furnishes an idea
what may be expected in this matter of
of
our wheat.
The exforeign demand for
the
from the United States
that
cereal
ports
of
during July the present year aggregated over
our possession an early copy of the
the twelve months ending June
issued with great promptness, this
the only two
being
Iway
ial
appropriation for
million bushels
(25,367,644 bushels),
being an average of almost a million bushels a day for
every business day in the month. In July last year
the shipments were only llf million bushels and in
July 1899 about 14J millions. The corn exports fell
off very heavily, as was to be expected, seeing how
in
addition
going to be curtailed; only
6,953,718 bushels went out in July 1901, against
15,950,784 bushels in 1900 and 17,484,845 bushels in
This loss in corn was more than counterbal1899.
anced by the gain in wheat, and the value of the
breadstufls exports as a whole hence shows a decided
increase, being $24,168,076 for July 1901, against
$18,669,175 for July 1900 and $21,084,805 for July
1899.
These large breadstuffs shipments have been
one important element in the phenomenal total of our
merchandise exports for the late month.
appropriation for the two years thus falling but
twenty-five
seriously this year's crop
is
annual report for
30 1901, which is
and the Southern
companies whose
pamphlet reports for that period have yet come to
hand. The Buffalo Rochester & Pittsburg's income
account for these twelvo months shows that the
company set aside no less than $500,278 in a specto
construction
$29,856 allowed
and equipment
for
extraordinary
expenses and improvements, making $530,134 together.
Of course it evidences how the company is prospering
that it should have been able to take such a large sum
We may
out of earnings.
say that in the year preced-
ing $446,976 was applied in a similar way, the total
little
The company's traffic and
been
steadily
expanding the last few
revenues have
years, but even with these additions it is not entitled
concern, its gross reto rank as a very large
the late year having been $5,830,018
ceipts in
receipts $2,553,442.
net
and its
Out of this latter amount $1,338,004 was applied in payment of fixed
charges, leaving a balance of $1,215,438. It is from this
balance that the appropriation of $530,134 was made.
The 6 per cent dividends on the preferred shares
called for $360,000, and the 2 per cent paid on the comyet mon stock took $120,000, over and above all of which
Contrary to general expectations, there has as
been no great falling off in the production of pig iron,
notwithstanding the steel workers' strike. The "Iron
Age" in its monthly record makes the production
August 1st 303,847 tons per week, against 310,957 tons
per week on July 1. The number of active furnaces
was actually larger, being reported 257, against 249.
The decrease in product is explained as being due to
the fact that the output of many furnaces during July
was a little below the normal. If it be deemed strange
that the steel strike should have had no greater effect
on the production of iron, it should be noted that
thus far, according to our contemporary, steel production has been interfered with
only a
to
small extent.
The "Age" says that out of the
normal daily product of 28,000 to 30,000 tons of steel
ingots made by the United States Steel Corporation,
plants with a capacity of only 3,500 tons per day were
idle on Wednesday of this week.
As yet, the Age
states, no orders have been given to bank any of the
furnaces, although that may come if the strike should
continue. As matters now are, the Steel Corporation
will simply not buy as much outside iron as hereto-
Furnace stocks of iron, sold and unsold, the
Age finds, did not change much still, however, showing a alight decline, the holdings August 1 being
fore.
—
387,329 tons, against 392,598 tons July lj 407,723
tons June 1; 438,288 tons May 1; 476,875 tons April 1
and 536,443 tons March 1. As stocks thus keep de-
short of a million dollars.
a surplus of $205,304 remains.
All the expenditures
were charged against income. The
company's traffic consists largely of bituminous coal,
and the present active demand for coal is obviously of
great advantage to it.
Rates have been better, too,
having been 5*46 mills per ton per mile in 1900-01
for construction
against only 4*66 mills the previous year.
There was no change in the official rates of discount
by any of the European banks this week, and with the
exception of those in Germany the unofficial rates were
The open market discounts in London were chiefly
influenced by the large gain in gold by the Bank of
England. The statement of the New York Associated
Banks last week was notable for an increase of $7,948,700 in loans, which gain was well distributed among
the larger banks. The net increase in cash was $1,154,800.
The gain of $9,468,800 in deposits caused
an increase in reserve requirements and consequently
easy.
the surplus reserve was reduced by $1,212,400 to $20,-
The steamship Ventura
left Sydney, N.S.W.,
on August 14 for San Francisco with £500,000 gold.
The agency of the Canadian Bank of Commerce this
week received a check for $500,000 Yukon gold which
had been deposited at the Pacific Coast assay offices
for the account of this bank.
The payments by the
Xew York Sub-Treasury during the week for unmatured bonds amounted to $731,429 45, making $15,-
952,950.
creasing, it is evident that consumption continues to 733,045 19 since such purchases began.
One incident
take care of the current output, large as it is.
of the week was the transfer to Manila through the
Canadian Bank of Commerce and the Hong Kong &
the smaller railroad properties, the Buffalo Shanghai Banking Corporation of $1,100,000 for the
Bochester & Pittsburg Railway Company has an in- account of the War Department. The money was
Among
come statement which we do not think is equaled by transferred through the cable via London. There
any company of the same size. It is common enough was also a payment this week of $500,000 for the
to find appropriations of half a million of dollars out account of the Navy Department disbursing office in
of earnings for betterments and additions on the part London, which was made through Seligman & Co.
of large companies,
but such a record on the part of a
comparatively small company
Money on
representing bankers' balances,
And yet this is precisely what the Buffalo Rochester loaned at the Stock Exchange during the week at 3
& Pittsburg did in the late fiscal year. We have in per cent and at 2 per cent, averaging 2i per cent
is
decidedly unique.
call,
THE CHRONICLE.
312
On Monday, Tuesday and Wednesday
loans were
Nominal
[Vol. LXXI1I,
exchange were 4 85£
rates for
to 4 8Gi for
bulk of sixty day and 4 88 to 4 80 for sight until Thursday,
when the higher figures were reduced half a cent.
the business at 2\ per cent.
hour transactions were made at 3 per cent, but the Rates for actual business opened unchanged on Monmajority of those for the day were at 2| per cent, day compared with those at the close of last week, at
and the lowest were at this rate. On Friday loans 4 854,@4 85$ for long, 4 87f @4 88 for short and 4 88±@
were at 2 4 per cent and at 2 per cent, with the bulk 4 88^ for cables. The tone was steady, and it so conBanks and trust com- tinued on the following day without change in quotaof the business at 2± per cent.
panies quote 2£ per cent as the minimum. The de- tions. Transactions then, however, were at about the
mand for loans for fixed periods is not large, while at asking prices, and on Wednesday rates xor actual busithe same time offerings are not liberal. On good ness in loDg sterling advanced one-quarter of a cent,
mixed Stock Exchange security rates are 4 per cent to 4 85^@4 85f, while short and cables remained un-
made
at 2^ per cent
and
at 2 per cent, with the
On Thursday
in the last
and 4-£@5
paper is
Commercial
per cent for four to six months.
dull, with scarcely any buying by city banks, which are
reserving their funds for the accommodation of their
customers. The inquiry for paper is chiefly from the
East, though some Chicago and St. Louis^banks are
buying. The supply is fair, but not in excess of the
demand. Rates are 4£ per cent for sixty to ninetyday endorsed bills receivable, 4^@5 per cent for
prime, and 6^@6 per cent for good four to six
months' single names. Though the above rates are
quoted, no business is done below 5 per cent.
for sixty days, 4£ per cent for ninety days
changed and the tone was generally
8o£@4 85£
against grain, to 4
England minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
2i@2£ per cent. The open market rate at Paris is
1&@2 per cent and at Berlin and Frankfort it is 2£@2$
per cent. According to our special cable from London the Bank of England gained £1,190,417 bullion,
during the week and held £37,720,530 at the close of
the week. Our correspondent further advises us that
the gain was due to receipts of £354,000 net from the
interior of Great Britain and to imports of £836,000,
of which £445,000 were from India, £281,000 bought
in the open market, £80,000 from Egypt and £30,000
from Australia.
The foreign exchange market gradually grew easier
of
the middle of the week, influenced by the apparent satisfaction of the demand for bills with which
to cover maturing contracts, which wa3 the feature
after
OnThurs-
for long, 4
87^@4 87|
and 4 88@4 88^ for cables, and the tone was
dull and weak at the close.
The market was weak on
Friday, when rates for long fell one-half and for short
and for cables one-quarter of a cent. The following
shows daily posted rates for exchange by some of the
for short,
leading drawers.
MON..
FBI..
Aug.
The Bank
easier.
day rates for actual business fell one- quarter of a cent
all around, in consequence of offerings of bankers'
bills against securities
and of commercial drafts
(60 days.
Brown Broi
Baring,
4
No. Am er lot..
B ink of
Montreal.
Canadian Bank
of
Commerce.,
Sight...,
4 89
(
60 day a
4
(
60 days.
Sighteo days
\
Sight...
1
I
I
(60 days
}81eht...
The market
W«D..
Trj«8.
Aug.
13. AVL'j. 14.
88*
88*
89
69
THtTB-.
Awj.
86*
86
16.
FBI..
Awg.
16.
86
89
88*
88*
80*
86
86
4 89
4 86
89
66
89
86
89
86
88*
88*
86
86
88*
4 85*
488
4 85*
488
4 86*
88*
85*
88*
85*
88*
86*
88*
85*
88*
85*
88
88
88
88
88
86*
85*
35*
85*
88
88
38
§2*
88
86
86*
8«*
88
86
4 89
89
IS*
89
89
88*
88*
86*
489
4 85*
488
86*
86*
86*
86
86
89
89
69
86*
85*
86*
8b*
85*
88*
85*
88
88
8b
88
4
Sight...
12.
86*
88*
4
(Sight...,
Heldelbaoh, Iok {60 days
elhelmer & Co. X Sight...
LazardFrerei... (60 days
Merchant*' Bk.
of Canada
86*
J
MagonnAGo., \ Sight...,
(60 days
Bank British
Aug.
9.
closed
at 4
84£@4 85
for long, 4 87^
and 4 87f @4 88 for cables. Com@4
mercial on banks 4 84£@4 84| and documents for payment 4 83f@4 84f
Cotton for payment 4 83£@4 84,
cotton for acceptance 4 84£@4 84£ and grain for
payment 4 84£@4 84f
87| for short
.
The
money
following
to
gives
and from the
the
movements of
by New York banks.
week's
interior
Received by
Ntt Interior
Wetk Bndim August 16, 1901.
week, by a better supply of bankers' bills, some of
N. T. Bank*, N. T. Bank*.
Movement.
which were drawn against purchases of stocks through Currency.
15.224,000
96.844.000
Loss.
1620.000
839,000
746.000
Gain.
143.000
the arbitrage houses for London account, by more 9ald
Total gold and legal tenders.
16.113.000
16.680.000
Loss.
1477,000
liberal offerings of spot commercial draf;s against
With the Sub-Treasury operations the result is as
shipments of grain, and by a resumption of speculafollows.
tive sales of long sterling in the expectation of covering at a profit later in the season. Though the inInto
Out of
Net Chang* in
Week Xndin* August 16, 19*1.
Bank*.
Bank*.
Bank Boldint*.
quiry for sight exchange to settle maturing contracts
last
Banks
Interior
movement, as above
Shipped by
16.113.000
{6,690,000
Loss.
(477,000
was distinctly lighter at the end of last week, as 8 ib-Treasury operations
21,600.000
22.000.000
Loss.
5J0.000
was then noted, there seemed to be a demand
Total gold and leeal tenders.
127.618, 100
128.590 000
Loss.
1977.000
early this week for remittance, which kept rates
The following table indicates the amount of bullion
comparatively steady until after provision had In the principal European banks.
been made for Wednesday's European mail. Then
August 16, 190L
August 18. 1900.
there was a slight recession, followed by a more deBank of
Gold.
8tiv*r.
Total.
Gold.
Silver.
Total.
cided decline, due to the offerings of bills against
I
X
*
*
London purchases of stocks, and the buoyant tone for ngland
37.720 ,530
37.720.530 80,860.289
30,859,289
Americans in that market appeared to give some as- rran oe. ....... 98,111, 144 44,778,82 142.889,972 89,357.194 46.364,230 134,721,424
Q-ermany*.... 31,601 ,000 16,279,000 47,880.000 28,791,000 14,831.000 43.638,000
surance of even more liberal arbitrage buying. Con- Russia
70,822 ,000 7,459,000 77,681.000 79,485.000 7.618.000 87,047,000
currently there were comparatively large offerings of a.ui.-Hang'y. 89.270 ,000 11,079.000 60.349,000 37.7C0.000 9,916,000 47,616.000
14,003 ,000 16,990 000 30,993,000 13,689,000 16,720,000 30.409.000
Spain
commercial bills against exports of grain to Europe, Italy
15,869 ,000 1,032,300 17,801,800 15,463.000 1,831,000 17,094.000
6,250 700 5,671.200 11,821.900
4,870.000 5,885,000 10,756.000
which had more or less of an effect upon long sterling, Netherlands..
Nat. Belg'm*
8,087, 800 1,643,700
4,681,000
2,821,000 1,412,000
4,230,000
i
and
rates declined all around, causing a
weak tone on
the market was less
Thursday.
active.
Then, however,
The Assay Office paid $868,131 85 for do-
mestic bullion.
House
for the
Receipts of
week
$36,505.
gold at the
Custom
Fotthll week 316.134.e74| 105633038 421.767.702 303,988.433 1C3371230|406.359.718
Tot, nrev. W'k 312.818 660 105676133 418.4C4.798 3ii3.llb8.393 108409494 406.662,887
1
The division (between gold and silver) given In our table of ooln
and bullion In the Bank of Germany and the Bank of Belgium 1b made
*
from the best estimate we are able to obtain in neither oase is ii
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and sUver, but we
believe the division we make is a olose approximation.
;
AUGUST
TUB CHRONICLE.
17, 1901.]
LABOR CONTRACTS AND THE STRIKE.
The
past week's incidents in the complicated steol
313
acceded to them.
HiB committee refused to endorse
to New York in a body with
and in the end repudiated the
the settlement, came
ultimatum,
their
more than ordinary con- agreement. The chairman thereupon, reversing his
Unlike the main dispute which began last own position, ordered a general strike of all the Union
strike situation have been of
sequence.
month
at Pittsburg, the several occurrences since Mr.
lie
laborers,
was confronted by the fact that a very
week ago have contered large body of these laborers had already assented to a
about a point of distinct and very general in- contract for the year, under whose terms wages were
There has been at stake this week a fixed and abstention from strikes was promised. To
terest.
principle of action, regarding observance of which these men Mr. Shaffer announced what has been aptly
the workingmen had to answer plainly Yes or No. called his "higher law," that obedience to the Union
This principle was the observance of written contracts committee's arbitrary mandate superseded all obligaa question, it hardly need be said, in which is largely tion to observe a formal contraot.
What followed is the history of the present week.
wrapped up the relation of organized labor to modern
The answer given by theivarious Western It is to the lasting honor of the Chicago steel-workerp,
industry.
branches of the Union, when the question was both as American citizens and as reputable trade
Shaffer's general order of
a
—
squarely put to them, has not been uniform. Joliet
has made a different response from South Chicago
and
the difference very likely measuring the relative conservatism and soberness of the men at the two locali-
day
ties.
The
action, however, of the lodges
which
flatly
refused to break their word appears to us to be of decided importance. It is the affirmation of a principle
of right and honor, whose future influence cannot be
destroyed, even if some other workiDgmen refuse it
unionists, that
which led up to
stood
by their written promise
Under personal
repudiated Shaffer's orders.
pressure they were forced to another vote; on Wedneslast
they reaffirmed their decision, in the face of
the threat of expulsion from the Union.
The
case seems very simple
;
but the significance of
the episode, in our judgment, far outreaches the immediate outcome of the strike. Its influence for the
future ought not,
paired, even
recognition.
they
we
think,
to be very gravely im-
by Thursday's contrary decision of the
Unanimous acquiescence in Shaffer's
Joliet workers.
however,
be
;
doctrine that a written pledge, when overridden by a
is
strike, as we pointed secret committee vote, is simply so much waste paper,
worth while to review
out on several occasions, was undertaken simply and would have meant very much more than a surrender
solely to extend the domain of the Amalgamated As- of the workingman's conscience to public breach of
sociation, and to force the non-uDion employes into faith.
No greater misfortune could have happened,
the power of the Union. No question of wages or either to laborer or employer, to union or corporahours of labor was invoked. The Steel Corporation, tion, than open demonstration that a contract of this
The chapter
of events
fresh in most people's
memory
it.
The
this incident
it will,
was regarded by every laborer as valueless. The
employed in the Steel Association is
concede everything. The Union committee rejected in fact the one strongest foothold yet attained in the
the proffered compromise and declared a strike.
It is alstruggle for genuine harmony of interests.
high-handed
tossing
It is now well known that this
most the only absolute safeguard against such perdown of the gage of war resulted from two convic- petual disturbance as is, for instance, paralyzing the
one, that the industry of Italy.
tions entertained by the Union leaders
Steel Corporation could not fight a strike which
It has, moreover, the great advantage of being an
other
the
the
price
its
securities;
of
would wreck
obvious benefit to both parties. Stipulating terms of
that, in any case, political pressure could be exerted wages and hours for a year ahead, the laborer knows
on the managers. The first belief arose from the precisely what he has to depend upon. Not less eslarge capitalization of the company and the rather sential is such knowledge to the employer.
Condiheavy break in its shares when the trouble was first tions of manufacture, notably in iron and steel, are
rumored. The notion of politics as a recourse was very different to-day from what they were in the invery obviously based on the occurrence of such inter- dustry's early history and in the infancy of the unions.
vention in the coal miners' strike a year ago, whose The manufacturer contracts to deliver finished steel
reluctant to excite a labor demonstration, offered to
yield some of the Union's demands, but would not
sort
labor contract as
—
twelve months ahead. He has to name his
price when the material for his designated product is
perhaps not even mined. The owner of the ore-beds will
continuance threatened to be a factor in the national three,
election.
Both
six,
soon turned out to be ill-grounded.
Shares of the Corporation after the strike an- name a contract price for such material. The railroad
nouncement held up unexpectedly. The strike will name its rates of transportation. It remains, before
committee charged this result to buying by the the total cost of the future manufacture can be ascer"syndicate" not, we should say, a very damaging tained, for the maker to assure himself what he will
whether true or not, since purchases have to pay for the largest item of all in his calculaassertion,
beliefs
—
of the sort
would simply amount to testimony that the
management did not
believe
the strike to have
tered the value of their property.
Of
al-
political inter-
tions
— the outlay for human labor.
a trade in which no assurance could be had on this vital point in which the
labor cost was raised perpetually, arbitrarily, ai.d
without a week of warning we know from the experi-
What would become
of
—
vention there was little sign. Rumors were at one
time current that such a move was contemplated, but
they soon ceased to circulate. A serious effort of the ence of such branches of industry as are still subject to
kind would have been superfluous, not to say imperti- this disturbance. If the steel strike of 1901 had simply ended by proving that no labor unionist was prenent.
—
keep his promises, the manufacturers would
pose. The Union's chairman sought the Corporation's undoubtedly be forced back to a very unpleasant
managers, heard their new terms, and by all accounts situation.
But organized labor would, we are
The
strike within a
week had
failed of its
main pur- pared
to
THE CHRONICLE.
314
have
even more. Its progress
on legitimate lines of
and self
betterment
protection would
once
have been stopped at
;md inevitably. If labor had no means of holding its
position save by perpetual guerrilla war it woul 1 have
little to contemplate in the future but industrial
chaos.
It could not even preserve the fruitB of successful war.
A treaty signed by a defeated contestant has no meaniDg if its signers will not respect
its terms, and it is surely somewhat singular that
strict observance of every such agreement should be
expected from capital, while labor openly announces
that it will keep its word only so long as is convenient.
The South Chicago unionists, we suspect, have looked
very gravely into the longer future. Their attitude
is likely to be cited a3 precedent in labor consultations when the unfortunate incident at Joliet is willingly forgotten. This, we repeat, is a most^important
phase of the whole industrial controversy, and it is
fortunately independent of the general progress of
confident,
sulldred
[Vol. LXXIII.
stance that the extreme heat brought with
it
many
showers of very circumscribed area, and only the
farms within this area were benefited. In such a state
local
of things general
and only
a
conclusions are worse than useless,
very extended and detailed investigation at
harvest time can determine the actual yield.
"We have been greatly impressed with the unanimity
with which the State agricultural reports issued the
present week have taken pains to emphasize the uncertainties of the situation.
Thus the Illinois Department of Agriculture in its monthly summary de-
"
exceedingly hard to make any kind
of a correct estimate.
The conditions are so very unclares that
it is
most experienced farmers find themIn Wisconsin, which is not a large cornproducing State, the Board says that while rains have
usual that the
selves at sea."
relieved the condition of the crops, the extent of the
damage done is yet considerably a matter of conjecture, " no one seeming to have before witnessed conditions
identical with those
now
existing."
In Iowa
and crop service at Des
Moines says that "no man at this time is sufficiently
THE
CORN YIELD.
well informed as to the actual condition of the crop
'"
Everyone is anxious to kaow the probable extent of in all parts of the State to be able to formulate anythis year's corn crop, and hence estimates are unusu- thing better than a guess relative to the final output
ally plentiful.
Many parties have gone into the busi- of merchantable corn. The condition of corn is unthe director of the weather
the Btrike.
PROBABLE
making prognostications who are absolutely usually variable in different sections of the State, as
without qualifications for the task, and who have no shown by estimates ranging from twenty to ninety per
experience to assist them in the undertaking. The cent, and the final output of the crop depends upon
result is that the public mind is getting both be- future contingencies as to moisture and early or late
fogged and bewildered, not knowing how to interpret frosts." To this may be added the remark of Secrethe confusing and contradictory statements that are tary Wilson of the National Department of Agriculput out from day to day. It seems appropriate, there- ture, made to a newspaper reporter, to the effect that
fore, to utter a word of caution, and to point out that "the weather of the future will have much to do with
all conjectures must be accepted more or less with re- regard to the final yield of corn, and final figures can
serve, the conditions being such that an accurate or not be given by anybody at the present time.
Late
reliable forecast at this date is practically out of the corn will be benefited by favorable fall weather, and
ness of
growing under the best conditions,
question.
early corn,
There can be no doubt that the report issued last
Saturday afternoon by the Agricultural Bureau at
Washington makes a much more unfavorable showing
than anyone had looked for. The Bureau puts the
general average for the whole country at only 54 '0, a
decline during July of 27*3 points.
It does not follow,
however, that calculations based on these low condition
out better."
The National Agricultural Bureau
in
will
fill
making the
general average of condition for the country only 54
must be accepted
having taken the worst view possible.
The condition in Kansas is put at 19, and in
Missouri at 29, and these figures have occasioned no
surprise, aB it was known that the two States referred
figures will reflect the fiaal result, for so much de- to had suffered beyond all others.
But that Nebraska
pends upon future developments. In the first place should be accorded a percentage but little better,
the report is for the 1st of the month, and since then namely 36, and that the crop in Illinois should be put
there have been a great
many changes, some as low as 51, and Iowa at 57, has come as a decided
qualifying the probable outturn for the better, shock.
We have made no investigation of our own,
some for the worse. In the second place, in but it would seem as if there were more than a possicorn belt
west
the great
of
the Mississippi bility that the outcome in these instances, barring
River relief from the drought came towards the close future unfavorable developments, would run ahead of
One cirof July, and it is daily becoming more apparent that that indicated by the Department's figures.
a larger percentage of the crop is being saved through cumstance in connection with this month's report of
the change in weather conditions than had been the Bureau which may or may not have a bearing upon
supposed possible. In the third place an unusually its value seems to have been overlooked. We refer to
large proportion of the crop nearly everywhere was the fact that the report has been prepared in the abplanted late, the season being backward, and such sence of the statistician, Mr. John Hyde having sailed
corn, it i3 admitted, suffered much less from the for Europe in June.
Everyone who has had any exdrought and heat than that which wa3 planted early. perience in crop reporting knows that it is of cen necesObviously, the outcome in the case of late corn will sary to exercise judgment and discretion in the use of
depend entirely upon the future. Finally, an accurate returns of correspondents. At a time of a general
forecast is rendered unusually difficult by reason of the crop scare estimates of loss are very apt to be exagfact that the experience of the farmers ha3 been ex
gerated, and allowance must be made for this fallitremely variable a farmer in one county might find bility of human nature in that regard. We do not
no cause whatever for complaint while his neighbor in suppose that the method of compiling the figures has
the next might find his fields very severely damaged. been changed in any way, but it is easy to see that
Such a situation is in part explained by the circum- in the absence of the Chief there would naturally be
—
as
Acqcst
THE CHRONICLE.
17, 1901.]
3
1
modifying or a signilicant fact that with the enlargement of the
throwing out returns that were highly colored by the mileage there has been increasirg prosperity, indie.
that the new roads have proved valuable and have
imagination.
hesitation to take the responsibility for
It
is
may not been acquired upon burdensome terms. The
cannot be definitely Louisville Evansville & St. Louis and the Mobile &
possible of course that the very worst fears
yet be realized, but if so the fact
known uniil the crop has been brought to
Ohio are evidently both desirable acquisitions, and
neither seems likely to prove a drain upon the parent
and harvested. An average of 54 is taken to indi<
a crop of somewhat over 1,300 million bushels on the system by reason of the charges assumed on it,
The Cincinnati Price Current, while they will undoubtedly contribute materially to
acreage planted.
maturity
strengthen the position and the traffic of the system.
the opinion that the yield will be about 1,400 millions. The Mobile & Ohio did not play an important part in
But, as pointed out above, the future alone can deter- the late year's results, as it was not acquired until
mine the size of the crop. Further deterioration March 1901. The Louisville Evansville & St. Louip.
which
is
careful in
its
utterances', this
week
t
^presses
seems to have occurred since the 1st of the month in which is known as the St. Louis Division, has been
Illinois, Indiiicu and Ohio, the drought not having operated since January 1 1901, and its operations are
been broken over parts of these States; but the included in the accounts for the last six months of
additional damage is evidently confined to limited the year. A separate statement is presented, howOn the other hand West of the Mississippi— in ever, to show the results for this division for the whole
areas.
Kansas, Missouri, Iowa and Nebraska considerable twelve months to June 30 1901. It appears from this
improvement has taken place the last two weeks. statement that even in the unfavorable conditions
The improvement in fact appears to be exceeding under which the line was operated during this period (it
As one evidence of this we may point being in receiver's charge during the first half of the
expectations.
to a dispatch from Kansas City published in the twelve months) the road earned net of $474,328, while
Times of this city on Thursday morning, saying that the entire interest charges on account of the purchase
the recent report of the Agricultural Bureau was out of the St. Louis Division are only $430,000 per annum.
With the St. Louis Division included the last six
of date when issued, so rapid had been the change;
that "from practically nothing the crop in many month?, the average number of miles of road operated
counties of Kansas had jumped within the past four by the Southern Railway Company the late year wa3
days to 30 per cent." Should this promise hold good 6,612 miles. The mileage operated at the close of the
This is independent of the
in the rest of the corn belt west of the Mississippi, year was 6,728 miles.
the country's total yield of corn might easily run Mobile & Ohio, which will continue to be managed by
It is proper
its own board of directors and officers.
above 1,400 million bushels.
to say, too, that certain roads controlled by or affiilREPORT.
THE SOU1
iated with the Southern Railway have from the first
In whatever way the annual report of the Southern been operated separately. This includes the Alabama
Railway Company is viewed whether from the stand- Great Southern, the Cincinnati New Orleans & Texas
point of operating efficiency, or the development of Pacific, the Northern Alabama and the Georgia
The aggregate mileage of these
traffic and earnings, or the state of the company's Southern & Florida.
finances, or the advance in the physical condition of roads, together with the Mobile & Ohio, is but little
The Central of
the property the showing is in every case exceedingly less than two thousand miles.
gratifying.
We have been favored with proof sheets Georgia, an independent property, but whose stock is
of the document, which is issued with great prompt- held by interests allied with the Southern Railway,
Thus we have over
ness, it being the first pamphlet return of a large comprises 1,852 miles more.
company to come to hand for the year ending June 30 10,500 miles of road under harmonious management.
This is in itself evidence of skilful manage1901.
Of course the Southern Railway is not directly rement. The report is in extended form, being folio sponsible for all the outside properties, but the fact
size, and containing over 55 pages of statistical and that there is a certain unity of control connecting
other matter, the statements as to income and finances them all together obviously strengthens the position
being especially elaborate, but the report also giving of the Southern Railway and has an important bearing
the customary operating and traffic details.
As the upon its future. As already stated, the average mileRailway
Southern
embraces over 6,700 mile3 of road age operated during the late year was 6,612 miles, and
and covers an area as extensive as the entire South, this compares with an average of 6,306 miles in the
practically the whole of which it gridirons east of the year preceding.
On that basis there is an increase of
Mississippi (the confines of the system being St. Louis, $3,459,612 in gross earnings and of $947,434 in net
Louisville, Cincinrati, Washington, Richmond, Nor- earnings, bringing the total of the gross up to $34,folk, Charleston, Savannah, Brunswick, Mobile and 000,482, and the total of the net to $10,316,S57.
Lest
Memphis), the getting out of such a complete annual it be supposed, however, that the increase has folreport within a month and a-half after the close of the lowed chiefly from the additional road operated, it
year obviously evidences good work; and manifestly should be pointed out that a statement is presented
the achievement would not have been possible except showing the earnings of the St. Louis Division separunder thoroughly systematized methods and a highly ately for the six months for which it is included in
—
HERN RAILWAY
—
—
perfected organization.
the accounts.
In our review of the previous year's report we called
attention to the great extension in the mileage of the
system which had occurred since the organization of
the company. This continued a feature in the company's affairs in 1900-1901, two important roads having
of mileage
is
With
this Division eliminated the basis
substantially the
namely an average
same
in
the two years,
of 6,425 miles for 1900 01, against
0,365 miles for 1899-1900.
Even
in that
way there
is
an increase of almost 2£ million dollars ($2,219,567) in
gross
and
of nearly three-quarters ef a million dollars
been acquired durirg the year, namely the Louisville ($713,648) in the net, this, therefore, showing the gain
Evansville & St. Louis and the Mobile & Ohio. It is due to the growth of business.
In previous years it
THE CHRONICLE.
316
will be
remembered the comparisons were the same*
only part of the gains in each instance being ascribable to the operation of additional road.
The best test of the progress from year to year is of
course in the final result after expenses and charges
hXXHI.
[Vol.
the mountain summit, where the
use of helping engines must be continued.
When
grades, except
at
this work shall have been completed, a year hence, a
standard freight engine he states will be able to haul
a uniform train of 1,200 tons from Knoxville, Tenn.,
to Norfolk (584 mileB), except over the one grade at
have been provided for. Hence it is noteworthy
income
acthe mountain summit just referred to.
the
nature
of
illustrative of the gratifying
Under such liberal outlays the property is not only
count for the year that a surplus remains for 1900-01
—
over and above the 4 per cent dividends paid on
the preferred stock fully as large as the surplus for
the previous year, when the dividend payment on the
preferred shares was only 3 per cent. The 4 per cent
put
in
position
economy each
to
be
year, but
the outlays very
it
operated
will
with
increasing
be possible to curtail
materially or posBibly discontinue
them altogether should a period
of adversity attended
dividends called for $2,400,000, and over and above by a decline in revenues unfortunately occur and
the requirements for that purpose there is a surplus make such a step expedient or necessary. The exbalance on the operations of the twelve months of penditures on equipment have been on the same libThe call for the 3 per cent dividends in eral scale. The report tells us that the payments
$1,140,500.
the previous year was $1,800,000, and the surplus then during the year for new equipment purchased and
was $1,117,251. The preferred stock has a preference charged against income were $1,424,591, this reprein dividends
up
to 5
per cent, and the other one per
Hence it
year the company earned ment
cent would take an additional $600,000.
may be
said that in the
late
senting the cost of 25 locomotives, 15 passenger cars
aud 1,223 freight cars, as against which the equip-
the full 5 per cent to which the preferred stock is entitled before the common can receive anything, and
retired comprised only 12 locomotives, 11 passenger and 682 freight cars. The charges against
capital account during the year were very light
balance of $540,500.
If we take the balance remaining before the payment of dividends, but after the deduction of charges,
we get an item which brings out forcibly the wonder
$617,983 for new and additional equipment and
$514,825 for construction and real estate, making
age mileage of 6,612 miles ; for 1899-1900, when the
average mileage was 6,306 miles, the balance was
$2,917,251 ; for 1898-99, with an average mileage of
5,377 miles, the balance was only $2,094,519 ; and
for 1897-98, with an average mileage of 4,837 miles,
the balance was but $1,007,012. In the three years,
therefore, the amount earned for the stock has risen
to three and a half times its former proportions.
The result appears all the more favorable when it is remembered that it has been reached in the face of very
liberal charges against earnings for improvements and
betterments. This policy was pursued in other years,
too, but was carried one step further in 190001.
We
saw above that on substantially the same basis of mileage the last two years, net earnings had increase d
$713,648 on an addition of $2,219,566 to gross. This
indicates an augmentation in expenses of $1,505,918.
Of that augmentation only $490,206 was in the cost of
conducting transportation, while almost a million dol-
slightly
in addition
had
left a surplus
$1,132,808 together.
As to the increasing efficiency with which the property
is being operated, it is worth noting that notful improvement which has occurred during the last
few years. For 1900-01 the balance above charges withstanding the enlarged expenditures upon maintenance account, the ratio of expenses to earnings was
is $3,540,500, this as already stated being on an aver-
lars (in exact figures $979,939)
was in the outlays for
Maintenance of Way and Structures and for Maintenance of Equipment. Separating the amounts under
the last two heads it is found that for Maintenance of
Way and Structures the addition was $745,004, an increase of almost 16 per cent.
As an
indication of
what
lower in 1900-01
than in
being
1899-00,
against 70 per cent. We stated
above that cost of conducting transportation had increased only $490,206. We may add that of this
69-86 per cent,
amount $231,383 represented the aagmented cost of
Through the improvements effected and care-
fuel.
ful attention to the loading of the trains, the
ment was
able to
move an increased volume
manage-
of freight
with a smaller freight train mileage. Only 12,229,miles were run by freight trains in 1900-01,
526
against
number
13,057,452
of tons
miles
in
while
1899-00,
moved one mile on the smaller
the
train
mileage was 2,732 million tons, against 2,646 millions.
This is only another way of saying that the average
train load was again added to, increasing still farther
the earnings per train mile. What ba3 been accomplished the last few years in this respect is indicated
in the following table:
Rate
Road
Freight
To7is of
operated,
train
freight moved
Tear.
miles,
mileage.
one mile.
1901... 6.424 12,229,526 2,732,279,318
1900... 6,364 13,057,452 2.646,333.6£0
1899... 5.254 10,969,005 2,0 37,571,910
1898... 4,827
9,627,681 1,690,085,024
1897... 4,805
8,941,793 1,545,273,962
1896... 4,573
8,583,217 1.389,993,079
Train
load,
Earns.
p. ton p.fr'ght
p.mile,
train
tons.
cents,
223
203
187
175
173
162
-947
-917
-897
-933
*936
-972
mile.
$1-82
1-62
1-45
T39
1-38
1'40
being accomplished in
The foregoing shows there has been a steady addithis regard, we find in the remarks of President tion year by year to the train load, which is now 223
Samuel Spencer (to whose efficient and skilful man- tons, against only 162 tons in 1895-96. The average
agement the prosperity of the property is due) one freight rate received per ton per mile has been a trifle
statement which is worth repeating.
Mr. Spencer higher the last two years, but notwithstanding this
points out that during the year the ruling grades and recovery the average for. 1900-01 was only 947 thoucurvature on the entire line between Knoxville, Tenn., sandths of a cent per ton per mile, against 972 thou-
and
Asheville, N".
is
C,
a distance of 129 miles, were so
train load of the standard freight
reduced that the
engine on that division has been increased from 850
to 1,200 tons. The cost, $269,708, was charged against
income. He states furthermore that similar improvements have now been begun on the linejbetween Asheville
and Salisbury,
N".
sandths in 1895-96.
number
Owing, however, to the increased
of tons carried in each train, the
trains are
earning a great deal more, the average per mile run
for 1900-01 having been $1 82, against only $1 40 in
1895-96 and $1 38 in 1896-97. Such results are evi-
dence at once of the benefits flowing from the policy
C, to establish the same ruling pursued, and a justification of it.
August
THH CHRONICLE.
17, 1901.]
ITEMS ABOUT BANKS. BANKERS AND TRU8T COS.
—The auction sales of
317
Metropolitan Bank of Buffalo, capital 1300.000 and
pins and undivided profits of 186,741, will be voluntarily
quldftted, and the payment of depositors began on M m<\
The President, Charles Groben, says that tin reoent failure
f two banks in Buffalo and the panic which followed had
a instrumental in causing the Metropolitan m inagers to
dfcide upon liquidation. Many deposits had been withdrawn
—The
:
week aggregai
shares. The transactions in trust company stocks rea
total of 153 shares.
No sales of either class were made at
the Stock Exchange. Five hundred shares of stock of the
Chatham National Bank (pir, $25 each) were sold in one lot
at 325. In the "curb" market there has been no demand for
by business men who felt that their money was safer in
bank stocks and no sales have been reported.
larger institutions. The German Bank of Bitfalo will take
SHaret.
Banks— Nev> York.
Price.
Last Previoui Salt
ax all the Metropolitan's paper and obligations and guarIS Broadway Bank, National
3104
Aug. 1901— 301^
The bank is entirely solvont. It
all liabilities in full.
antee
500 Chatham Nut. Bank
825
Juno 1901— 330
batik stocks this
10 Commerce, National Bank
44 German Exchange Bank
of.
60 Hanover Nat Bank
11
Market* Fulton
5 Shoe
Nat.
&
Bank
383
313
Aug. 1901—
<>96
260
July
July
111%
May
I'.
lb.
1900—
1901—
1901—
1901 1901—
376 1*
239
700
264
has been established fifteen years.
— The application
for the appoint cnent of a receiver for the
Niagara Bank of Buff *lo, which, as noted in this department
250
July
250
Augnst 3, had been deferred until August 14 for the purpose
Tkdst Companies -New York.
of giving opportunity for the voluntary liquidation of the
3 Central T ast Co
1977
July 1901—1950
150 North Amerioan Trust Co
bank, was denied on Wednesday in consequence of the ap335
Juiio 1901— 290
The official programme for the annnal convention of the proval by the State Superintendent of Banks of the plan for
American Bankers' Association, to be held at Milwaukee such liquidation. The Bank of Buffalo has agreed to pay all
September 24, 25 and 26, is being prepared at the office of the liabilities of the Niagara Bxnk on demand upon the turning
Secretary, James R. Branch, and it will soon be issued. over to the above-named bank of all the property of the
Among the speakers who will address the convention are: Niagara. All the business of the latter will be transferred
P. C. Kanfi'man, Cashier
of
the Fidelity Trust Co., to the former and the liabilities of the Niagara are to be
of Tacoma, Wash., who will open discussion on the assumed by the Bank of Buffalo, together with all reasonable
topic of " The Financial and Commercial Future o! the expenses, which latter shall be limited to $ 5,000.
Leather Bank, Nat
6 Btateof N. Y., Bank of the....
110
—
1
Pacific Coast," A.
National
Bank
of
P.
Woold ridge, President
Austin, Tex.,
who
will
of
the City
make an ad
dress on " Assets Currency," and A. B. Stickney, President
of the Chicago
Great Western Railway Co., who will
speak upon "The Medium of Exchange and the Banking
&
Function."
James
J. Hill,
President of the Great Northern,
who was expected to speak, will not be present. Hon.
Lyman J. Gage will probably attend the convention and
make an informal address.
—The National Bank
of the Republic was formally merged
with the First National Bank on Monday. Charles H. Stout,
Vice-President of the Bank of the Republic, was elected a
Vice-President of the First National, and all the employes of
the former were given positions in the merged institution.
The Republic cleared for a number of small banks, and, as
the First National declined to continue this work changes in
clearing agencies became necessary. The Hanover National
— We learn from the Philadelphia papers that a large block
from 1401 to 1423 on Chestnut Street,
and fronting also on Broad Street, Philadelphia, has been
purchased through Mr. Henry Tatnall, President of the
Franklin National Bank of Philadelphia, on behalf of a synThe price is said to be in the neighborhood of
dicate.
The purchase is believed to have been for the
$5,000,000.
Commercial Trust Company of Philadelphia, which it is undt rstood will erect a large office building on the site as soon
as the leases of the present tenants shall expire. The Frankof ground, extending
lin
National,
it
is
stated, will
make
this
new
building
its
home.
—The
vote of the stockholders of the Commercial National
Chicago on the 13th inst. was favorable to the increase in stock from $1, 009,000 to $2,000,000. As before
stated in this department, the new shares will be offered to
Bank
of
present stockholders at par. Payment is to be made September 3, at which date the increased capital becomes effective*
Bank was made the clearing agent for the First National
Bank of Staten Island and the Fifth Avenue Bank of Brook- Mr. James H. Eckels is the President of the bank, and under
his management the business of the institution has been
lyn. The National Bank of Commerce was made the clear
ing agent of the Eleventh Ward Bank, the Brooklyn Bank steadily expanding, making additional capital imperative.
and the Twenty- sixth Ward Bank of Brooklyn. The com
—The stockholders' vote on the 15th inst. was unanimous
bined deposits of the First National and of the Republic on
$75,923,640, the second largest of the" Clearing
House banks.
Monday were
—The Hanover
National Bank will remove on September
temporary quarters at No. 7 Wall Street, which it will
occupy while its new building, on the present site, is being
3 to
constructed.
—George W. Smith, who was
on the question of increasing the stock of the Citizens' NaPartional Bank of Baltimore from $500,000 to §1,000,000.
ticulars regarding the new stock were given in our issue of
July 6. The new shares are to be sold to existing stockholdThe premium of $900,ers at $28 per share— par value $10.
undivided profits,
realized
is
added
surplus
and
to
be
to
OCO
making this fund of the institution about $1,730,000.
—The
Bank
the senior member of the
G9orge W. Smith
Co. until five years ago,
when he retired from business, died on Tuesday aged sixtyseven. He was senior director of the Bank of the Manhattan
of Poughkeepsie, N.Y., closed
up its affairs on the 9th inst. the vote to go into voluntary
liquidation having been taken on the 5th. This is the bank
which, with the Poughkeepsie National, will form the new
Company, having been elected in 1863, and he was also a
director of the German- American Insurance Company and of
the Greenwich Savings Bank.
The announcement is made that Charles Einsiedler, who
for a considerable number of years has been the representative in this city of the Credit Lyonnais of Paris, was
on August 15 admitted to the banking firm of Heidelbach, Ickelheimer & Co., which now consists of Alfreds.
Heidelbach, Henry R. Ickelheimer, Alfred Lichtenstein and
Charles Einsiedler. This house was established in this city
Poughkeepsie trust company, as mentioned in this column on
July 20 1901.
flour firm of
&
—
twenty
ago last February, and it is now one of the
largest and most important of the foreign tanking concerns
five years
City National
,
— It has been voted
cial
to reduce the capital of the CommerBank of Providence, R. I., from $1,COO,000 to
The reduction will be made by the payment to
National
$500,000.
the stockholders of $500,000, and instead of having 20,000
shares of a par value of $50, but 5,000 of $100 will be the
number under the new plan. Mr. Isaac M, Potter is President, James P. Rhodes, Vice-President, and Abram Parker,
Cashier.
—State banks in Iowa are still increasing in a noteworthy
way. This fact is brought out by the report just issued of
in the city.
State Auditor Merriam of Iowa on the condition of the State
The Atlantic Mutual Insurance Company took posses- and savings banks to June 30 1901. Not only was there a
sion on July 27 of their new offices in the Atlantic building, further increase during the last twelve months in the numwhich, as heretofore noted, has been erected by them on the ber of the banks, but the deposits have likewise continued to
site of their former structure.
The offices are on the second expand. On June 30 1901 the aggregate number of banks
Two
floor front of the building and are commodious, well lighted had reached 474, as against only 440 on Jane 30 19C0.
and ventilated, and have every modern convenience. The years ago (on June 30 1899) the number was 402, and on
furnishings are of marble, steel and hardwood, and of the June 30 1891 no more than 205. Turning to the deposits,
most substantial character.
we find that on Jane 30 1901 the amount was $114,731,614,
—
THE CHRONICLE.
318
[Vol. lxxiii
against $91,147,057 on Jane 80 1900 and |77, 405,668 June 30
1899; on June 30 1891 the deposits were but $33,781,707.
same appeared in our issue of June 29. The pamphlet is
gotten up in an attractive way. Tne officers of the AssociaMr. Joseph F. Smith has been elected President of the tion for the ne w year are: President, E. J. Dyer, President of
State Bank of Utah of Salt Like City, succeeding Heber J. the Exchange National Bank of Spokane; Vice-President, L.
Grant. The former Assistant Cashier, Charles S. Burton, P. White, Manager of the Bank of Whatcom, New Whatcom,
has been made Cashier of the bank in place of H. M. Wells, Wash.; Secretary, James D. Hoge Jr., President of the First
resigned. Mr. William B. Preston remains Vice-President National Bank of Seattle, and Treasurer, L. J. Peatecost,
Cashier of the Pacific National Bank of Tacoma. The exof the institution, which has a capital of $250,000.
—
—The Central Bank
of Oakland, Cal., has a
new Cashier
ecutive council consists of Miles C. Moore, President of the
Baker-Boyer National Bank of Walla Walla; C. J. Lord,
Mr. Henry C. Morris. Mr. Morris has for some time been
President of the Capital National Bank of Olympia; N. H.
a director of the bank, and in the appointment just made
Latimer, Manager Dexter, Horton & Co., Bankers, Seattle;
fills the vacancy occasioned by the death of Charles R. Yates.
J. P. M. Richards, President Spokane & Eastern Trust ComThe Western Savings Bank of Buffalo— Fifty Years of pany, Spokane, and Charles S. Gilchrist, Cashier of the
Progress. This is the title of an attractive little pamphlet State Bank of Centralia, Centralia, Wash.
which tells briefly bnt in an interesting way the history of
The election of officers of the Seattle Clearing House Asthe bank. Organized on July 31 1851, Gains B. Rich was the
sociation last week resulted in the appointment of Mr. M. F.
first President, Dean Richmond and George W. Tifft were
Backus as President. Mr. Backus is President of the Washthe Vice-Presidents, and Jame3 L Barton was Secretary and
ington National Bank, of Seattle, and succeeds Mr. James D.
Treasurer. The institution opened for business on August
Hoge Jr. Mr. A. H. Soelberg, Cashier of the Scandinavian25 1851, the first deposit being $10. Since that time the hisAmerican Bank of Seattle, was re-elected Secretary of the
tory of the bank has been one of continuous progress, slowly
association Mr. Frank Shafer was re-elected Manager.
The
in the first few years, but more rapidly as it grew, until in
Executive Committee consists of Mr. R. R. Spencer, Cashier
1868 its surplus had become large enough to warrant a bankof the National Bank of Commerce, Seattle R. V. Ankeny*
ing house of its own. Property at the corner of Main and
Cashier of the Puget Sound National Bank, Seattle, and E.
Court streets was then purchased for $44,000, and the bank
W. Andrews, President of the Seattle National Bank, Seattle.
building, which it afeill occupies, was completed in 1872 at a
in
—
—
;
;
cost of $70,000. On June 30 1901 the number of depositors
was 8,371, the deposits aggregating $5,439,310 and the surplus
amounting to $515,359. The present officers of the bank are
Albert J. Wheeler, President Henry Erb, First Vice-President Leonard Dodge, Second Vice-President Franklin W,
H. Becker, Secretary and Treasurer, and John W. Fisher, At-
IMPORTS AND EXPORTS FOR JULY.
The Bureau
;
;
;
torney.
—The
the statement of
in the business of the trust companies of
Sta'e has been frequently alluded to by us. It is
a mistake to ^suppose that this growth is confined altogether to the institutions in the metropolis. Instances of ex-
Foreign Tba.de Movement of the United States.
[I
;
;
James
Sherman, and Thomas F. Baker, editor of the
"Utica Saturday Globe." The officers are President, James
S.
:
S.
Sherman
;
Vice-Presidents,
A. Batler, and Secretary,
J.
a the following tables
Export*.
Merch'dlee.
Jan.-March.
April
May
June
Total
Excel*.
I
$
f
—The details of the proceedings
of the sixth annual meet-
ing of the Washington State Bankers' Association have been
published in pamphlet form. The convention was held in
Spokane on June 20, 21 and 22, and an item regarding the
.
Import*.
Excite
I
I
I
231.253+139.928
75,510 +43,262
1O9.0U
830.884
506,337+324,647
812,486
503,078+309.408
Gold and Gold
Jan.-March.
April
May
J une
July
Total
+41,774
+47,651
+36.793
71.654
61,001
O3.630
In Ore.
9,128
4,917
10,103
5,344
2,7:6
8,612
2,282
1,774
3,260
1,659
32.277
17.687
+518
+2,636
+8.328
+2,081
+ 1.137
+ 14,690
8,176
1,982
12,210
8.092
3.273
5,824
3,389
3,6b3
3,730
1 1.283
+2,352
-1.427
+8,527
+4.382
—7.990
33,713
27,889
+5,8(4
13.004
8.164
3,324
2,460
4,901
3.344
+6.840
+788
+3,608
+287
+1 ,570
22,193
+13,091
Sliver and Silver In Ore.
14,520
Jan.-March.
8.111
2,314
2,746
1,931
2,217
+ 1,621
4,112
6,066
5,188
4,914
32.272
17,332
+14,920
33,284
May
June
July
Total.
+
—
Excess of exports.
We
+6.409
+2,615
4.959
4.386
4.389
3.838
April
+ I,e40
+2.685
Excess of Imports.
subjoin the totals for merchandise, gold and
silver for the seven
months
since Jan. 1 for six years.
Merchandise.
Sevtn
Mo*. Exports. Imports.
~i~
1901. 830,884
1900 812,486
1899 687,914
1898 694,067
181*7 360,872
*
Sl».Sffln
Gold.
Excess
of
$
506,337
503,078
448.546
377,245
506,481
441.764
Ex-
Exports ports.
*
t
Imports.
~f~
324647 34.277 17,687
309 10b 33,713
27.889
439398 30.160 46.283
31C822 7.723 95,238
54.39130.559 7.167
90.56rt 54,928 47.613
SlXVKH.
Excas
of
.Ex-
Exports ports.
Imports.
Excess
of
$'
$
t
14,690 34.272 17.362
5.82i 35,284 42,193
3,676 31.123 17,168
'87,515 •49,483 15.517
23.39 c 32.S5B 17,741
27.3103«.03i 17,«88
Ex-
port*.
I
14,920
13,091
13.955
I 3.936
15.118
18 598
Excess of imports.
month
Merchandise.
granted to the First National Bank
of Eureka, Cal., organized with a capital of $100,000. The
incorporators are A. B. Hammond of Eureka, William G.
Gosslin, G. W. Fenwick, J. C. Bull Jr. and S. A. Vance.
-1900.
Export I.
371,181
118,778
113,428
108.652
100.453
at
—A charter has been
oases omitted.]
209.8S5 +164.062
76,688 +44,058
78,613 +43,926
68,404 +34,370
7*897 +36,134
Similar totals for the
which the new stock of the Citizens' National Bank (formerly the Citizens' Bank) of Los Angeles, lowing exhibit.
Cal., was sold was $130 per share; par value, $100.
—The price
all
,
Importt..
373,767
120.764
124,563
102.771
July..
Henry W. Millar and Charles 1896
Francis Day.
three olpheri (000s) are In
-1901.
;
;
for
and from it and from previous statements
we have prepared the following interesting summaries:
growth
;
the country's foreign trade
July,
New York
pansion in business are met with in other parts of the State,
though of course on a proportionately smaller scale. These
reflections are suggested on a contemplation of the latest
statement of the Utica Trust & Deposit Company of Utica,
N. Y. This statement shows that during the last six months
the Utica Trust & Deposit Company added nearly $800,000
to its line of deposits, increasing them about 60 per cent. In
other words, the deposits July 1 1901 were $3,171,856, as
against $1,382,876 on the first of January last. Twelve
months ago— that is, on July 1 1900— the amount of these deposits was no more than $953,637, and on January 1 1900 was
but $306,738. The institution was organized in 1899. A distinguishing feature of the Utica Trust & Deposit Company is
that its board of directors includes representatives from all
of the different banks in Utica.
Thus Mr. Charles S.
Symonds, President of the Utica City National Bank, is a
member, and so are Charles B. Rogers, President of the First
National Bank T. R. Proctor, President of the Second National Bank W. Stuart Walcott, President of the Oneiia
National Bank, and Charles A. Butler, Vice-President of the
First National Bank. The other remaining members of the
board are B. Clinton Murray; Beecher M. Crouse; W. S.
Doolittle; Robert Earl, ex-Chief Justice of the Court of Ap.
peals
William Cary Sanger of Washington
Frederick S.
Easton, Cashier of the Black River National Bankj of Lowville, N. Y.
John Owen; Henry W. Millar; George E. Dunham, editor of the "Utica Daily Press ;" Frederick Gilbert;
Washington has issued
of Statistics at
One
Mo.
Bxport*. Import*.
Excess
of
Exporti
1
1901. 1O.031
1900. 100.468
~T~
72.897
63,660
1899. 94.926 66,102
1898. 72,626 50,984
1897. 71.104 53.676
1896. 67.718 54.109
• Excess of Imports.
*
of July
make the
GOLD.
8ILVBR.
Excess
Ex-
Im-
port*.
port*. Exports
I
t
36,134 2.736 1,669
36.793 3,273 11.263
34.824 2,606 2.896
21,541 1,497 2,642
939
17,429 5,463
15.609 11.931 1,668
fol-
of
$
1,127
7.990
•889
•1.145
4.523
10.263
Export*.
~
3.838
4.914
4.003
4.886
4,705
3.771
Im- Excett
portt.
t
2.217
3.344
2,732
2,654
2.694
2 643
port*.
%
1,621
1.570
1.271
2,831
2,011
3.128
August
THE CHRONICLE.
IT, 1901.1
Lastly, the Btock Exchange settlement only cam.; to an end
on Wednesday evening, and that in itself was calculated to
check bnsiness.
Bat apart from all these temporary causes there is ut
taK'uation, which is likely to continue for some time loi g< r—
likely to continue, indeed, until there is a recovery iu New
York. For a long time past the American department has
been the only really active department in the Stock Ex^
In these tables of totals, gold and silver in ore for
all years are given under the heads respectively of gold
and
silver.
following shows the merchandise balance for
The
each year back to 1875.
EXCESS OP MERCHANDISE IMPORTS OR EXPORTS.
7 months ending J ulxj 31 —
1 month ending July 31—
Import*. $25, 472.478
1875
Imports. $3,677,266 1875
Exports. 59,300 024
Kxports. 9.236.241 1876
1876
Exports.
35,4 ho, «4
Imports. 2,416.070 1877
1877
Exports. 1 66,517, 2P«
Kxports. 10,tj62,751 1878
1878
Exports. 124,6*0,9'
Exports. 9,644,349 1879
1879
Exports. 4i,S74,0Hl
1880
Exports. 13,710,587 1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
Exports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Exports.
Imports.
Imports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
1881
1882
4,096, 84« 1883
513.032 1884
3,362.624 1885
10,610,93*;
11,187,337
2,855,086
7,197,314
14,157,356
19,528.719
23,114,472
4,373,142
7,268,263
5,927,790
12,687,890
16,484,(57
15.609,237
17,429,209
21,540,663
34,824,426
36.793.1)5
36,134,071
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
Exports. 1(>H,« 10, 902
Imports. 50,684,867
Exports. 41.9H6.173
Exports 10,242,^0
Exports. 51,951,089
Imports. 8,888,824
Imports. 34,287,441
Imports. 75,732,756
Imports. 50,183,975
Imports. 41,880,88'
Imports. 17,634,713
Exports. 40.157,149
Imports. 62,872.231
Exports. 69,182,709
Imports. 21,219.092
Exports. 90,565,677
Exports. 54,391,108
Exports.316,821,427
ExportB.239,398,180
Exports.309.408,206
Exports.324,546,625
I
now that it is weak and fluctuating the t-tagnaeverywhere has been greatly increased. Possibly a ter
minaticn of the South African war might give a stimulus to
usiuess elsewhere, though even that is doubtful; for there
is so much depression all over so many of the leading countries of Europe and there are so many uncertainties, that it
•
hauge; and
tion
hardly probable that the public will rush into new enter
even if the war were completely ended.
The best-informed believe that the more serious dangers
in Germany are over, that there will continue to be numer-
is
prise quite instantly,
ous failures, but none of any sericus magnitude. The liquidati n, it is thought, will go on for a year, possibly for two
years. Trade is very depressed, prices are low, banks have
locked up an inconvenient proportion of their ( apital and are
unable to nive the usual accommodation to their cutomers.
In every direction, in short, there is a want of money and a
desire to borrow; but credit is poor, ar d few are able to get
what they want, except those that are beyond all suspicion.
In Russia matters are nearly as bad. The Government is
supporting almost all the Russian bank?, and manufacturers
are crying out that they cannct continue to employ tbeir
Through the courtesy of the Collector of Customs at San workpeople unless the Government places new orders with
Francisco we have received this week the details of imports
them. Therefore it is reported that Russia is once more
and exports of gold and silver through that port for the trying to borrow in Paris. It seems difficult to believe that
month of July, and they are given below in conjunction a loan could be placed so soon. Yet there are well-informed
with the figures for preceding months, thus completing people who think that Russia may have political advantages
the results for the seven months of the calendar year 1901.
to dangle before the eyes of France that will induce the
The imports of gold were very light, reaching only $60,685, Government to use its inflaence with the bankers to make
Of silver there came in
of which $17,823 was in coin.
another loan. The state of things in Spain and Portugal is
$382,325, of wh ch $272,978 was bullion. During the seven
also bad; the Belgian crisis is nearly as severe as that in
months there was received a total of $f\266,738 gold and Germany, and the new German tariff bill is creating appre$1,793,862 silver, which compares with §8,973,779 gold and
hension in the minds of traders at home, and is exciting
$1,448,349 silver in 1900. The shipments of gold during Julj
much indignation, both in Austria- Hungary and in Russia.
were $2,060, all coin, and the exports of silver have beer All these countries, then, are not in a state to invest; and
For the seven months France, seeing all her neighbors more or less embarrassed, is
$401,755, of which $247,755 was coin.
the exports of gold reached $C-30,805, against $341,619 in
unwilling to do very much.
1900, and $2,486,857 silver was sent out, against $4,696,630
Here at home trade has decidedly received a check, alin 1900. The exhibit for July and the seven months is a
though it must be noted with satisfaction that there is a
follows:
marked revival in shipbuilding. The first quarter of the
IMPORTS OF GOLD AND SILVER AT SAN FRANCISCO.
year showed a great falling off. The second showed a conGOLD.
SILVER.
siderable increase and the increase is still going on.
MoreMONTHS.
over, the fall in coal is a relief to a great many industries;
Com.
Bullion.
Total.
Coin. Bullion.
Total.
and in several directions there is a more hopeful feeling.
1901.
$
9
9
9
$
9
January... 2,666,060
47,027 2,713,087 53,546 290,484 344,030 Still, trade is not what it was, and the British railway diviFebruary..
8,202
603, 23e
611,438
114,030 114,030
679,252
2,967
190,298 869,550
167,783 170,750 dends have been quite as bad as was expected, and for the
April
326,055
100,613 426,668 10,14 4 268,223 278,367 time being they exercised a very depressing effect upon all
May
10.495
70,009
60,504 10,487 286,533 297,020
4S0.750
14,056
504,806 52,750 154,590 207.340 markets.
IMPORTS AND EXPORTS OF GOLD ANL
SILVER AT SAN FRANCISCO.
;
;
July
17,823
42,862
60,685 109,347
272,978
382,325
Money continues to be plentiful and cheap. The Government has repaid most of its short loans to the Bank of EngEXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
land, and the outside market has also been able to repay
much
of what it borrowed from the Bank, although this
GOLD.
SILVER.
week the outside market has again had to borrow at 3 per
Coin.
Bull'n
Total.
Ooin.
Bullion.
Total.
cent. Probably this state of things will continue for some
1901.
9
9
9
9
9
9
time. Every now and then the supply of money will run
January
f>9,760
6,004
6,004
102,822
172,582
February..
1,250
...
1,250
1,593
56,000
57,593 short and the outside market will have to borrow from the
March....
8,882
....
8,882
45,066 373,000
418,066 Bank.
Then as the instalments on the loan are to be paid
4,091;
4,090
61,207 415,630
476,837
May
....
2,922
2,92!
8,455
443,934
452.389 up to the Government, its disbursements will relieve the
5,59" 200000 205,597
113,635 391/00
504,635
July
2,060
2,060
247,755 157,000
404,755 market and ease will return. Money is most abundant and
cheap in Paris, and any amount required can be obtained
lot. 7 mos
30,805 200000 230,605 580,533 1,906,324 2,486,857
there. The old German demand is at an end, so is practically
the whole continental demand; and unless rates should rise
rapidly in New York and the danger should spring up that
New York will withdraw considerable amounts of gold from
[From our own correspondent.
London, Saturday, August 3, 1901.
London, there is nothing at present visible to cause any maThe weather is exceptionally hot, and everybody, there- terial change in the London money market for the next two
fore, who can conveniently get away from London is doing
r three months.
It would ba different if there were any
so.
Moreover the season is practically at an end; and al reasonable probability that New York would take gold: for
though Parliament will continue to sit for a couple of weeks in reality the ease at present is due rather to the want of
longer, the fashionable quarters of the town are rapidly activity in all departments of business than to the plentif ulbeing deserted. The holiday season in fact has begun. More- ness of the supply of money in the market.
over, the Stcck Exchange s closed to-day, and Monday will
Meantime money continues cheap and abundant in India;
be a bank holiday; and therefore every one who can escape but the India Council, having reduced its offers of drafts, is
for a few days has gone to the seaside for rest and quiet. succeeding better in disposing of them. On Wednesd ay it
Tot. 7 rnos 4,198,637 1,068.101 5.26«,738 239,241 1.554,621 1.793,862
..
i
;
THE CHRONICLE.
320
and the applications
offered was dis-
offered for tender 10 laca of rupees,
amounted
The
to 170] £ lacs.
amount
total
posed of at a little over Is, 3 29 32d. per rupee. Subsequently
a private sale of somewhat under half a lac was made at
LONDON.
The following return shows the position of the Bank
of
England, the Bank rate of diaoount, the price of consols, &c.
July
Circulation
Public deposits
Other deposits
Prop, reserve to liabilities.. p.
rate
Consols. 2M per oent
The rates
10,431.097
40,110,901
20,418.645
a0,457,57H
17,94 1.H20
ai.0C3.450
S0,08tf.v89
24, S4 1.081
37,313,021
60*
o.
85
29,247.140
7,200,463
89,967.'N8
18.0t-H.52a
106
28a
London.
Bank
Bills.
i
1
Jmly
«
3 Months.
296@2k
3
m
"
87 J
Auk. 8 i
3k-s>3k
m
2%
2k
2k
IS 3
20 3
'
•'
Months. 3 Mot.
Months.
4
3H®3J4
3
3k
8k
3k
3@8k
3@3k
3
Sk@396
3k@396
296
Mot. Banks Oall Davt
4
e%@3
Joint Dis' (H'l.
Stock At 7-14
Bills.
3
Ik
Ik
IK
ik
ik
lk
lk
The Bank rate of discount and open market rates
19*
1
1-3
ik
ik
«1
ik
194
194
at the
ohief Continental cities have been as follows:
Avs .2.
Rates
o
July
26.
Juli
19.
Bank
Open
Bank
Open
Bank
Open
Bank
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
3
»
3
2
3
8
3
3k
8k
3k
«k
2k
8k
3k
8k
8k
296
8k
3k
3k
294
294
3k
3k
3k
3
3
294
3
296
296
3
296
S96
3
296
3
8
ik
3
3k
4
3
4
4
St. Petersburg..
Madrid
Copenhagen
..
.
5
Messrs. Pixley
&
296
4
nom.
6k
3k
296
8k
5k
3k
6
5
nom.
3k
5k
3k
5
6
29*
nom.
A Santa Fe..
Itch. Top.
Open
Market
98
95 k
110 7B
99
95
45
22
A
160
42
St. Paul... 162»8
Gr.,oom.... 42%
Do
do Preferred. 93k
373s
66
1st preferred ...
51
2d preferred
.....
Ohio. Mil.
Den.
A Rio
92k
36 78
65i*
50
146
147
Lords vllle
102*
A Nashville.. 103k
23k
10k
24
10k
Mo. Kan. A Tex., 00m.. 26k
54k
Preferred
.......
ST. Y. Cent'l & Hudson.. 154k
K. Y. Ontario A West'n 33k
Norfolk
52k
Western
Do
do
pref. 91
26
53%
153
32%
51%
<fe
'Phlla.
•Phila.
•Phlla.
A Read
& Read, ,1st pref
south'n Railway, com.
39k
26k
56k
29%
Onion Paolfio
86
98
& Read.
.
2d
pref.
72%
20
39k
26
55
29k
85k
96%
90k
90k
42%
U. S. Steel Corp., com..
Do
do
pref..
Deb.
91
99
99 k
73 k
20 k
Northern Pacific, pref..
Do
3
44 k
94 k
93
20%
39k
21k
40k
63 k
"B"
62
rue*.
Wed.
26%
261 :'-,,;
26Ui
947,,.
94»h
94i 16
*
3k
3k
5
6
9k
76k
98k
xUO
x93k
164
167k
6
;
£10,000 has been wi hdrawn. Arrivals: Australia, £50,000
Bornbay, £2,000
River Plate. £24,000; West Indies, £16,000; total,
£92.000. Shipments: Bombay, £2.500.
Silver— Si'ver fell to 26 7sd., aDd slightly hardened at the heginning
of this week to 26i r>i6d., at, which it has remained without (hinge.
New York continues to hold off at current rates, and India has bought
silver to a limited extent on a market rather scantily suppled. The
market clo.- es qniet. The Indian price to-day is Rs. 6v- lfi Ariivals
New York, £178.000; Australia. £5,000; West Indies, £17,000;
total, £190,000. Shipments: Bombay, £15,000; Calcutta £15,000;
Hong Kong. £36.883 total, £96,883.
Mexican Dollars— 1 here have been a few sales dining the week, and
26 7 i6d. i9 the nearest quotation.
;
:
fi
,
:
;
for bullion are reported as follows:
Silver.
25.
London Standard.
t.
Bar
gold, fine
oz. 77
U. 8. gold coin.. .oz. 76
Germ'n gold ooln.oz. 76
French gold ooln.oz. 76
Japanese yen....oz. 76
*
d.
8.
9k
77
76
76
76
76
4
5
5
4
d.
9k Bar silver, fine. oz.
4
Do 2 mo. delivery
. .
5
5
4
Bar silver, oontaln'g
do 5 grs. gold.oz.
do 4 grs. gold.oz.
do 3 grs. gold.oz.
Cake sliver
oz.
Mexican dollars. oz.
Nominal.
July
25.
d.
27
27
27k
275 16
^7k
26 k*
1):
1899-00.
1898-99.
1897-98.
60,428,610
18.781,470
23,053,327
Total
107,913,642 109,613,501 113,127.948 102,263,407
Aver. price wheat.week. 27s. 3d.
29s. 3d.
25s. 2d.
36s lid.
Average prloe. season. 27s. 2d.
26s. 2d.
26s. 2d.
36s. 5d.
The following shows the quantities
maize afloat to the United Kingdom:
This week.
Wta\eat
Flour, equal
Maize
qrs... 2,854,000
to qrs... 316,000
qrs... 810,000
of wheat, flour and
1900.
2,107,000
273,000
865,000
740,000
47k
23
48
23 k
16tik
43k
43%
94
94
38k
39k
67%
61*
04
40
66 7a
52
146k
104%
24k
10k
147k
105k
147k
106k
25
25
10k
10%
26 7
8
273s
53 7s
154
34
53 k
91
99
73 k
21
27k
25k
Ilk
27k
55
156
34 k
55
157 k
158k
39k
26k
40
51
34k
7
54%
54
91
91
99
26k
57k
30%
86%
87 k
74k
21k
39 78
26%
57 k
30 7e
87 k
98 7e
look
yiSg
100k
91k
41%
95k
91k
Xl4k
95%
21%
40k
45 k
953a
21k
39k
22
63
63
40k
106%
56
35k
55%
91
103
101
74k
21k
56 7e
30
e
68 k
53
149
74k
21 k
40 k
27
58
32%
88
102k
92k
44 k
95k
22k
41
63k
63
National Banks. — The following informationregardlng
is from the Treasury Department.
APPLICATIONS TO CONVERT STATE BANKS.
Approved August 5 to 0.
The Traders' Bank of Baxter Springs, Kansas, into The Baxter Na
tional Back of Baxter Springs, Kansas. Capital, $25,000. Blanks
sent to F. 8 Hall, Preoldent.
The Farmers'
&
Mechanics' State Bank of Barnesvllle, Minnesota,
Capital $25,000. Blanks sent
into The Barnesvllle National Bank.
to M. D. Hawver, Cashier.
NATIONAL BANKS ORGANIZED.
Certificates Issued August 5 to August 8.
5,934-The First National Bank of Dysart, Iowa. Capital, $50,000.
Oscar Casey. President; C. Brandau, Vioe President; J. H.
Lunemann, Cashier.
5;935— The First National Bank
$25,000.
of Wetumka. Indian Territory. CapiH. H. Holinan, President Nathaniel Williams,
;
New
1899.
2,183 000
247 000
690,000
York.
Capital,
Edward Pidgeon, President;
Cashier.
CORPORATE EXISTENCE OF NATIONAL BANKS EXTENDED.
2,552— The Second National Bank of Reading, Pennsylvania, until
,
close of business August 6, 1921.
2,554—The Union National Bank of Newpoit, Rhode Island, until
close of business August 6. 1921.
Ha
LIQUIDATION.
2,825— The First National Bank of Pawnee City, Nebraska, has gone
Into voluntary liquidation by resolution of its stockholders
dated July 23, to take effect August 1, 1901.
1,305—The City National Bank of Poughkeepsle. New York, has gone
into voluntary liquidation by resolution of its stockholders
dated August 5, to take effect at olose of business on August
9, 1901.
Week.— The
following are
che imports at New York for the week ending for dry goods
Aug. 8 and for the week ending for general merchandise
Aug.
9;
also totals since beginning first
week January.
FOREIGN IMPORTS.
For
vseek.
Dry Goods
1901.
1900.
1899.
1898.
Oen'l mer'dlse
i2.260.546
6,593,341
$2,070,234
8,400,081
81,902.804
7,683.848
$1,634,732
5,963,116
Total
Since Jan. 1
88,853,887
$10,470,315
19,586,652
$7,597,848
$64,807,747
278,334,708
876,068,399
263,331,994
$63,545,942
254,820,888
$58,698,836
211,354,256
Dry Goods
Gren'l
mer'dlse
Total
32 weeks (343.142,455 S339.403.393 *S 18.366.830 «270.053.122
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. 12, and from January 1 to date.
The imports of dry goods
In
Last week.
2.819,000
286,000
113%
national banks
Imports and Exports for THE
1900-01.
1899-00.
1898-99.
1897-98.
lmp'rtsofwheat,cwt.63,923,300 58,688,700 59,601,850 60,428,610
Barley
18,911,200 14,503,600 21.928,543 19,217,304
Oats
21,276,800 18,868,000 14,070,120 13,969,290
Peas
2,291.430
2,879,440
2,194,150
2,211,145
Beans
1,707,040
1,491,320
1,949,570
2,246.4^.0
Indian corn
51,446,100 52,437,800 52,586,060 49,577,600
Flour
21,278,100 20,860,600 20,837,905 18,781,470
Supplies available for consumption (exclusive of stocks on
1900-01.
93k
113%
16fek
5,936— Tne First National Bank of Northport,
IMPOSTS.
Wheatlm ported, owt.63, 923, 300 58,688,700 59,601,850
ImportB of floor
21,278,100 20,860,600 20,837.905
Bales of home-grown.22,7 12,242 30,064,201 32,o88,193
100
Cfii8lii©r
The following shows the Imports of cereal prod uoe Into the
United Kingdom during the forty-eight weeks of the season
oompared with previous seasons:
September
9k
77k
99k
43k
42k
93k
37%
t6k
$25,000.
July
69 k
Price per share
tal,
1.
69 k
Iy
94 -,
01 57 k
3k
Gold— TheTe have been a few small orders for tr.e rontinent, bat
scarcely sufficient to absorb supplies. The Bank lias purchased durand against this
itg the week £87,00"', of which £ 12,000 is iu bars
Aug.
94%
9411 „.
94k
0147k 101-5o
69%
09%
9
9k
75 k
76k
98
98k
99% 101
96
95 k
112
1143b
46
47%
23
22k
26 7,
94'-'
$oramjerciaXattd I$lisczl\<inzo\xsl$iixvB
nom.
Abell write as follows under date of
GOLD.
i
Fri.
296
6k
3k
London Standard.
TKuri.
3
1
The quotations
97%
* abash
2
3
73k
97k
740s
12.
f
Interest at
Aug.
July
8 78
9'i<;
Canadian Paolfio
110k
46
Chesapeake & Ohio
Chloa. Great Western.. 22k
Interest allowed
for df posits by
Irade
261-].;
Silver, per ounoe
d.
a
943 lfl
0onsols.,new,2% p.ots. 94 '«
94
For account
04*16
k
*Yoh rentesdn Paris) fr. 10140 10145
€9%
70
22,87i!,2«8
as follows:
Open Market Rates .
26 7
Baltimore A Ohio
Preferred
111
27 k«.
118,4 <:&,000
.".-18
Mon.
flat.
13,94 1. 030
82,-07,208
84.47U.C98
279*a
2C0.13j,000
18i.8l2.000
lwe.oio.uou
0.1^11,814
46, 150. 178
31.513.844
20. 7K7.33
33,214.174
97 6-18
03M
28,406,800
8-ltt
4
8
26 15-ltfd.
Aug. 3
I
a
8.412,73b
41.09 '.a.-'.i
money have been
for
.
80,8fl(;.H30
percent.
BUver
Clearlne-Uonse returns
1.
80,740,81)0
1(>,1404.88H
.securities
Other securities
B«servc of notes and ootn
Coin A bullion, both departm'ta
Bank
Aug.
a
31.
1898
1899.
ii./. 2
1900.
1H01.
Government
English Financial markets— Per Cable.
The daily closing quotations for securities, etc, at London
*re reported by cable as follows for the week ending Aug. 10.
per rupee.
Is. 3 15-16d.
[Vol. LXXI1I,
August
THE
17, 1901.]
(!HRONK!l<B.
I
Treasury Oobeencv Hou>in<;s.— The followinjT compilali<ai.-hthe
based on official Government ntat BOA
BXPOKTB PKOM RBW TOKK FOB THH WBEK.
tion
For the week.
Pr«v. reported
181f<
1901.
1800.
• 8,412,705
314,247,110
$9,674,770
324,953,873
lK'.Itt
*7,888,86l
•9,166,008
270,875,730 285,?8o,591
I
Total32weekat322.659.815 8334.628.643 g37B.764.S91 $294.443.199
Note— As the figures or exports as reported by the Now York
Custom House from week to week frequently snow divergence from
the monthly totals, also oomplled 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
peoie at the port of New York for the week ending Aug. 10
and since Jan. 1, 1901, and for the corresponding periods Id
1900
and
currency holdings of the Treasury on the 1st of May, Ju'
July and August. 1901. For statement for oorrttbonding
dates l<ist year see ChBONICLB of Aug. lh, 1900, page 321.
THKAMCJKY NKT H< ll.ll NOB.
Mau 1. 1901. Juntl.l90LJiUu 1,1901. Au-j. 1. 1901.
?t°S!.W«" ana-oul?'":'*':. Ua.tf%fi** ***»#< ««•?« ^.uL.HSM
ft
^...hinSnh Treasuries
n..h
in
Since J an.
Week.
Week.
1
SinceJan.
1
•
West Indies
1,590
400
267,274
523,736
57,544
$67,420
16,566
54,705
$1,746,829
1.555.436
8,743,439
38,668
29,255
1,114,000
811,090 $29,201,518
8,650,003 38,315.608
7,425 25,800,737
Total 1900
Total 1899
8
204,208
89.690
21,773
5,557
ttrO.88!
10,000
All other oountrles.
8
$1,764,851
18,209,788
7,384,567
8
Import*.
Export*.
Silver.
Since Jan.l
Week.
Since Jan.l.
Week.
Great Britain
$617,610 $29,124,221
697,495
241,059
21,250
1.016
89,212
2,491
257
825.183
4,720
223
146,803
1,707,485
881,578
31,045
$617,610 $30,089,752
864,873 31,351,545
783.514 29,378,401
$90,750
100,350
65,705
$2,297,037
2,752.021
2,355,935
9
837
2,220
West Indies
Mexico
South America
11 other oountrles.
Total 1901
....
Total 1899
444
liOVERNMENT REVENUE AND EXPENDITURES.— Through
Che
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts
and disbursements for the month of July.
From previous returns we obtain the figures for previous
nionthe, and in that manner complete the statement for the
seven months of the calendar years 1901 and 1900. For statemerit of June, 1901, see Chronicle, July 27, 1901, page 169;
for that of July, 1900, see August 18, 1900, page 321.
RECEIPT8 AND DISBURSEMENTS
K5
100
k 3« 31 4.
JTj
OS
05
I
ct
c
<cor>x>
•_:
t- l> 05
—"x'of
oi-n a
o — -* —
c-
—
»05crlOr-c
00
C>_
Ot-OS
I
I
V ^ C- OS
OCM OlO
*_
OS
3. a
*s
-ico
IO-*
O^
OltOOS
oos.h
co
—"t»09
l->Jb JO
l-OHOCO —
>9or_a
»o-*
•»
E
JOC*
too
l-»S
OS
OS
-c
ao
to
t-
osgcjos
t»
xccoa
ITS
00 CO *H
•fr
ft
1
<j
—O
*
HOI
0»OjJ
OS
oTaTio
coef
OS.
—
— -*os
71
i
«C4
4»" °
00^
—«
-OS
"1
OS.
s
x-f-
g
fas
«»xco »
»
— ose«
l-
o»oj
o«-»oj
9»o»
est- s
00
90
UO
1
X0D
05 X«C
OS <C <S
<s
_ »
x—
O.OSCO
0>0)
« to
ao»
-
X »o o o_co
XCO
i-e-
QtOOlOHO"
of
—"
-OhjitDS
O X OS
i»ao co-*
°*
1
o
ITS
05
i
In
OB
«
1
*
tfS
ofco
J.VOMC--
oto
«*
^.
X -^ OObCOO
o
as
r- cor- os asx
oso^
o^. o
—
rH
«
oo
fl'OI
CO JO
t*
—
—
— CO
--
co-w
ON
.
o«t*40£B
X X at
_ c to CO
as x
cs o o
toxco —
--
CD
93
t-
a>
ao
as os -^ osift
toos-ai
— 00 •wo
— CO — —
O)
CO
as
00
—
l-«OA»^
OD
aoou
coco IOOS
c»
-VtOtC 3SWQ)
oo as
OS to
— 05 as —
— as ox
—4 —
»
Moo
—
1
t- ao t> r- os o»
00 «s
*i> to
—
1
05
-
coco
coos
coco
xo
»H coo
31
ao
ooscoososo
-(
a0
1
00
to
OS
0D
—
OS
ess-no
o
COX t»** — t- —
—
io 05 — coco as
o»aso Or- o
—
—
^
1
1
i-l
— 005»0»^i
1
asoo
—
Of
x
t-os
OC-
*"**
MXO
—
—
b-oo«»
ncouOo
o
»
^050^95
o
^COC- c-ouc) as
«
X
— OJ+- *
»Ofl)
O O OS
— r*
OOO
---^
—
*
1
t-
t- M
1M5«-1>
0D
1
|
1
a>
OS
oot-o
OSOot
«
^*
o
0»
a
f
*
-
—
-
©to
*a*»©
»o»o»
T
c <cc*
—
xo
<M w
3S
»xo
W— 0» « - 99
— oo o» —
<
*>"
as
00
e««.
m
os
—
XC0
r- t>
50
XOSOOO
iO JS o
X
o
— 01
00
«»
O«o o
OS
• *»e»c*.
*
00
JOOS
— oi
CC
C3ft
IS
94 Ot
^J
JO
ta
|
1IOU
«* j^ as
OS
—
OSX05
SHS4-W
.J3t
-.
OSOO)
j
c-
n-.aoo
o
- O «D <B
OS
s
xoo
^N CO 04
<
-*jo
eosJVtD jdc»
ca
(000
uiuou
CO.jlOOC
n — oo
o sT
XI-—w
«—»
oT
•*
3IK
OOI-
.-
I
~Z-
1
—
— asto o
——
\
1
—
<>
">
co.
rHCO.
I
A
9
3
°
S a*
2
oo^
Ho
I
:
b
2
:
:
o
.
;
s>
:
a
•
3
o :g«
a.
r
o ® ao
®
I
a»
.
•
o
as
—
:
:
o «
"a
oo
a
HS a.
B.O
«-o£»
3
— *J
x.
H
to
»a 2a
3!
as
i-
Hs
m a
ass
a B
«•- =
91
O3
308,711.474
80.378.006
40'.307.6?4
4U/B7.HAI
_82.474.44_9
H4.W-..474
a0rt494 80M
lMl.OOO.OOO
812.38H.4f8
160 .00U.0QU
32«.HH<,125
160.000.COQ
8«7,:s08,877
156.484.U08
Tellies
176.883.126
177.868.877
'°- 66!< -
hUmS
32
oo
os
• —
a °
a
a
D-
i:
"-
as
as
—
os
a •
o
:
:
•
«Sa
3
*~
ix
:
ggg ss
eosas _ ""
H-- T3T3
a
:
:
SJ
e © «
•
*•
2-f aS
as
?
o
.i-oi-S;.
--bs-o«
—o
OS
o
©
:
•
tt.
u
•
•
OS
t.
Q
© © -
—
V.
a Dpducted fr >m February. "Miscellaneous" 1901
\
9^
S2 950
ecelved on accouut of Central Pacidc Indebtedness
Rec<
» Deducted from March, " Miscellaneous" 19T1 ...
$',498,090 41
Received on account of Central Pacific Indebtedness
t Deducted from Juno, "Miscellaneous" 1901
$2,122,84124
ac.:::::\
Recflved from sale of claim airainst Siour City & Pacifl
b Deducted from July " Miscellaneous" 190
$432 895 r
Received on account Central Paciflc indebtedness
)
* lts ig^ 79
t Deducted from February, "Mlscellaneons" 1900
i
Received on account Central Pacific indebtedness.
$n
*
1
—
'
I
)
To make the
figures
conform
to the
Government
160.0O0.000
"Chiefly disbursing officers' balances."
Stock of Money in Country.— The following table
shows the general stock of money in the country as well ae
amount in circulation
the holdings by the Treasury, and the
Jury 1 uill be found
statement
for
The
given.
dates
the
on
170.
page
July
27,
in the Chronicle of
r-Stackot Mont
'j
Awj.
1.-.
lDUi.
^ Monty in Circulation.—
\Htldin
In thtUnUtd
Trraiury.
St'tes.
J.W
4 "*„ 1'
1.
1901.
1900.
Goldcoln(lnc.bul'nlnTrea S .)l.l36.9*0.E6a 249.955.832
«™.6^.835
24.swv>:6
>.'5_*>g«
„ v .(, yoo
118.095
slelesiloW
13.300317
46.H16.90>
332.820.099
8179W.M1
85d,882.17S
g.ihl.181
316.1H0.0.7
au.W.'ies
^dnXuverdoiiars::::;::
^ubsiolarysivcr-
I
8*-.«01.6«H
h»nks*8Ub-treas
Available cash balance.
Bold.
«6
S09.03rt.0l6
Gold reserve fund
Import*.
Export*.
^•3
103l43M
807.St0.6O0
BBW TOBX.
XPOBTfl AMD IMFORTB OF BPBOIB AT
-ri
10.7IW.18i»
18hf.B61.249
»'B»«>.<OT
'
lliduct current Mabmtles'... ttOOT^ao
1899.
:= CC
Ua
....2bO.21K.810
gjJSS^a^^OT^'''*'
622.029.673
,
•
890
Un'S^taternotes
C
:::::::
J Un
r
; a";onaVba nRm.te s
4(1
i
.?. !:'.!
g«.»*.J.J0g
«
5 rf:
4
?57
:
^i
72,856,940
2.4h7,461,673 307,^4.624 2.189.5H7, 148 2,087.853.408
ToU1
Populatlou'of the United States Aug.
lation per capita, 128 12.
1,
1901, estimated at 77.%72.000; circu-
—
exact equivalent In amount
iTor redemption of outstanding certificates anTreasury
and is not included
the
of theap7ropriaie kinds of money is held In Government.
the
of
assets
as
held
the account of money
assets of the GoverrjThis sta ement of'money held in the Treasuryinasnat.ona bank deposlmoney
,uent does not foclude deposits of public
and amounting to
States,
United
the
of
Treasurer
l?ir"es to the credit of the
Hm,264.494 18.
,
i
City Clearing House Banks.—Statement of
oondition for the week ending Aug. 10, based on average of
We omit two ciphers (00) in all cases,
daily results.
New York
BANKS
Loan*.
OapitaJ. Surplus
9
*
j
Specie.
Y....
I
A
Leather
Total
DtpotiU
$
$
2,000,0 2,084,0 19,452,0 3,241,0
ifanhattanCo... 2,050,0 2,192,4 2l,636,o 6,220,0
2,000,0 1,106,6 13,784,6 2.733,6
tterchants'
2,000,0 2,274,91 14,714,0 3,829.0
tteohanlos'
1,600,0 3,153,1 2(\676,4 8,799,4
America
4,745,0 1,054,0
243,8|
1,000,0
.'henlx
6,170,7]1 14,312,7 36.131,3
10,000,0
City
300,0 6,942,6 23,817.0 4,992,3
Uemioal
889,6
4,603.1
244,0
600,0
eruhauts' Ex..
9,320,6 1.084,4
1,000,0 1,998,8
-oallatln
219,1
1,124,1
72,4
300,0
Bntoh.<fc Drov's
384,0
2,601,0
126,6
400,0
Meoh.A Traders
118,4
999,9
178,3
200,0
ireenwloh
763,0
3.975,0
500,6
600,0
Leather M'f'rs..
650,9
4,739,8
626,9
State of N. Y.... 1,200,0
Amerloan Exoh. 6,000,0 3.233,0 30,117,0 4.673,0
8,929,1
10,000,0 6,768,7 76,402,9
Commerce
6,038,5 1,013,2
1,000,0 1,669,1
Broadway
1,000,0 1,297,7 13,745,4 2,266,6
tferoantue
137,8
2,821,9
603,5
422,7
Pacific
1,600,0 1,303,9 19,816.8 4,614,3
Ktspubllo
556,7
6,198,4
990,6
460,0
,'iiatham
114,1
2,118,6
349,7
200,0
People's
North Amerioa . 1,000,0 1,023,1 12,223,6 2,004,8
10,010.4
3,000,0 6,434,9 48,144,8
Hanover
699,6
4,284,0
449,2
600,0
[rvlng ...........
748,9
2.971,8
371,0
600,0
Uiasens'
445,8
2,650,0
280,9
600,0
Nassau
893,6
5,961,4
988,7
900,0
Market A Fulton
784,8
3,777,1
219,2
Shoe & Leather 1,000,0
OornExohange.. 1,400,0 1,763,8, 23,625,0 4,630.0
198,1
2,118,0
412,6
800,0
Oriental
Imp't'rs'ATrad. 1,500,0 6,046,8 23,836,0 4,982,0
2,000,0 8,853,6 48,626.0 14,705,0
Park
174.8
1,357,7
153,1
260,0
Kast River
8,000,0 2,477,6 24,626,0 3,082.0
Fourth
2,148,0
10,774,0
626,6
1,000,0
Central
9,922,0 1,628,0
978,6
300,0
second
828,9
2,304,1
77,3
760,0
Ninth
10,000,0 11,0H6,8 59,603.3 8,814,1
First
697,1
3,63*,6
124,6
300,0
N.Y.Nat'lExch.
401,0
3,005,0
729,2
250,0
Bowery
769,1
4,018,9
697,4
200,0
N. Y. Connty....
665,6
3,388,6
896,6
ierman Amerl..
760,0
10,893,1
40,814.8
Chase
1,000,0 2,513,4
9,622,5 2,860,5
100,0 1,362,3
Fifth Avenge...
243.3
2,250,3
682,5
200,0
German Exoh...
409,8
3.049,3
837,2
200,0
iermanla
816,3
12,400.4
994,4
uinooln.
300,0
6,831.9' 1,441,5
Garfleld
1,000,0 1,168,2
486,1
2,186.4
367,8
200,0
Fifth
1.240,4
7,288,1
Bank of Metrop.
300,0 1,076,3
429,0
2,o63,0
446,1
West Side
200,0
944,8 13,150,0 2,272,0
seaboard.
600,0
10,156,2
Western
3,100,0 2,287,6 37,763.0
395,0
4.446,0
616,7
300,0
lstNat.,B'klyii.
7,253,5 1,249,5
729,9
Libert
600,0
69P.2
4,410.4
402,8
N. Y. Prod. Ex.. 1,000,0
7,234.6 1,329,2
668.3
NewAmsterdam
250,0
835.0
4,265,0
417,9
Astor
850,0
479,8
2,806,6
365,3
Bide
600,0
UankolN.
Ltoali.
•
1,821,0
1,925,0
1,816,7
907,0
2,803.8
307,0
7,702,2
2.386,9
470,1
853,1
43,1
208,0
180,2
183,8
320,4
2,043,0
7,361,8
368.3
1,614,8
639,1
1.335,6
958,0
699.6
1,364,6
6.129,7
487,7
188,1
278.6
838,4
265,0
2,074,0
247,8
1,410,0
4,219.0
19i*,7
8,308,0
1.381.0
946,0
229.0
3,489,7
371,6
310.0
384.5
260.4
3,157,9
219,8
731,7
451,4
2,693,4
270,8
122,1
633.9
356.0
2,221,0
2.816.1
609,0
625.0
364.4
688,7
249.0
74,7
19,678,0
28.506,0
16,836,4
16,379,0
23,778,4
4,832,0
138,013.2
24,221,1
6,124,5
7,706,5
1,149,1
2,832,0
931.9
8,6^5,6
4,572,1
26,008,0
68,114.6
6,337,5
14,666,4
3,281,8
22,035,7
6,200,4
2,773,3
12,932.8
56,370,4
4,660,0
3,4 66.4
3.033.8
6,332,4
4,235.7
_
270
28 8
(
277
281
317
304
265
26-1
228
20-8
331
25-6
21-2
268
239
25-8
283
20 6
270
24-4
293
280
291
260
270
238
27,926,0;
1,996.6
22,933,0,
63,068,01
1,488,8
25.874.01
13,873,0
10,780,0
2,428,1
50,141,4
3,887,1
3,241,0;
!
,
27'3
24-6
24-0
22-3
27-9
300
25-1
24-4
25-8
238
33-9
22-5
27-4
219
4,550,2>25-3
8.301,7,25-0
49,678,6 26-3
11,039,4!
8,190,6!
4,650.3'
14.460.2
6.794.9
2,305.6
26-0
80-5
190
24'J
25-1
262
7,P54,6'22-3
1
3,061,t'|25-a
6,399, ( 275
46,362,4 27-9
4.486,0123-3
7.284,7 242
4.304> 24 7
8,399.7 22-0
4,303,0 35-1
2,185,7 35-0
79.202,7 065,381.0
83,222.7 97,885,6 886.465,6 lfc30956
271
states
ment, the amount mentioned in above foot-note should be
added to the Receipts as indicated therein. We have deducted this item, as it. does not belong to the regular income
account, and if included would disturb the comparison with
former and future years.
Keports of Non
Member Banks—The
following
the non-member banks
is
the
for the
statement of oondition of
daily result.
10, based on averages of the
We omit txoo ciphers (00) in ail cases
week ending Aug.
THE CHRONICLE.
322
BANKS.
with
/Vet
Leg. T. Deposit,
limit- Specie. &.R'k. Vlear'q Other Des/ettM
Note*. Agent. llks.&l
mente.
Bur- Loaned
°,T
(OOi omitted.)
plu«.
Borough of
Manhattan,
1
1
45,1
24,6
24,9
182,0
160,3
105,0
52,7
41.8
60,8
98.9
98,6
123,3
169.4
148,0
8>
f.8,8
224,0
81,0
48,8
46,9
47,6
3,0
6,8
129,0
153,6
103,8
262,1
132,5
86,8
19,9
71.5
63,8
22,0
87,4
4,6
15,fr
36,3
93,6
loe.b
84,5
28,2
81,0
29,2
186,7
200,0
07,0
42,9
301,0
254.0
48,6
48,0
37,7
10,0
27.9
60,2
26,0
14,2
40,7
26,9
23,8
I
Eleventh Ward....
Fourteenth Htreet.
100,0
300,0
100,0
100,0
SuwviHirt
200,1'
Hamilton
200,0
250,0
200,0
Colonial
Columbia
Mount Morris
Mutual
Nineteenth Ward.
Plaza
1073,0
2768,0
1170.4
72,9 1819.H
21,7 12«9,B
100,3 1412.4
57,1 2080,6
151,1 1419,2
136,8 1422,1
213,8 2260,0
126,1 1028,7
273,5 3600,0
82,2 1290,0
74,9 1000,3
363,6 2332,0
209,1 1624,6
667,2
26,4
486,2
94,6
844,8
58,6
61,9
B98.9
108,2
63,9
708,9
18,0
138,8
209,3
128,0
200,t
100,0
100,0
100,0
200,0
100,0
200,0
100,0
100,0
300,0
100,0
200,0
100,0
800,0
Riverside
State
Twelfth Ward
Twenty-third W*d.
Union square
Torkvllle
Washington
FldeUty
Varlok
Jefferson
Century
Nat. Commercial..
Boro'h of Brooklyn.
Broadway
Brooklyn
Eighth Ward
Avenue
Kings County
Manufaot'rs' Nat'l.
Mechanics
Meoh's' & Traders
Merchants'
Nassau National..
National City
North Side
Peop'es
Seventeenth Ward
8 prague National.
Twenty-sixth W'd.
Union
,
Wallabout
Borough of
Richmond.
Bank
e:j,*t
23,h
101,2
121,1.
10,7
12,1
10.6
64,4
56,6
60,9
89,2
684,5
737,7
37,4
70,6
04,4
428,2
356,1
185.H
20,7
615,0
564,3
142,0
132,7
72,8
237,6
66,8
26,0
100,0
of Staten Isl
lBtNat.,8tat«n Isl
144,0
61,4
1296,8
1682,6
1106,1
367,0
724,2
726,9
2704,3
3849,8
981,9
674.8
3526,0
2863,0
737.2
885,1
658,2
1049,1
489,6
643.4
770,1
117,8
179,9
153,8
160,0
100,0
300,0
100,0
100,0
150,0
252,0
600,0
100,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
Bedford
Fifth
Other CUiet.
1st Nat., Jer. City. 400,0 911,2
Hud. Co. Nat., J.O 250,0 596,6
2d Nat., Jer. City. 250,0 817,2
8d Nat., Jer. City.. 200,0 24i,e
1st Nat., Hoboken. 110,0 473,6
2d Nat., Hoboken 126,0 110,8
18.P
64,9
14,.-
38,0
38,1
321,6
166.0
17,6
4,2
185,0
127,0
9,9
20.2
8,2
119,2
14,4
30,1
4988,0 237,3
2067,9
64,7
1246,4
72,8
949,1
36,7
2031,0
861.2
103,9
•
1
2871
Wheat..
Corn
1382,2
1433,6
1811,7
Kyo
1890,0
8,0
26,0
0.6
184,1
142,0
290,1
173,4
65,0
62,0
11,8
203,6
307.2
97.0
....
82,4
85,0
94,0
180,3
89.6
88,6
'286,2
1683
2691,5
125,6
1413,7
1740,8
8,r
53,3
365 9
660,1
764.0
324^,0
4428,2
983,0
689,7
3850,0
3254,0
850.0
934.9
499,3
1055,0
561,8
703,3
778,7
0,4
6,2
14,6
89,7
48.6
52.1
79,9
388,8
366,7
79,4
04,2
530,0
421,0
32,7
62,7
62,5
380,0
79,0
62,3
05,1
It
20,5
4,4
45,8
10,0
16,9
—
35,0
97,0
239,8
79.6
13,9
25,0
3.4
90,7
34,2
91,0
35,3
....
282,8 1080,3
631.1
88,5
077,9
757,1
227,1-
115,2
275,7
116,0
55,0
...
31,7
75,4
4,3
733,7
Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
Banks.
Loans
Legale.
Specie.
9
N. Y.»
9
$
July 20.. 169,080,1 858,198,611775018
"
27..
Ang.
"
3..
10..
••
9
78,313,9 989,145.3 30,710,1 15820965
12516201
79,942.0 942,938,6 30,637,6
80,697,7 955,912,2 30,572,*- 11831650
79,202,7 9e5,381,0 30,553,2 11490084
180,060.8 867,653,4 1789212
180,588.3 878,506,9 1805457
180,588,3 886,456,611830965
Boa.*
July 27..
Aug.
$
$
6,066,0 118,568,4
6,100,0 135,634,3
5,902,0 130,080,3
8,726,0 207,807,0
8,144,0 214,236,0
7,938.0 213,913,0
67,632,9 192,135,0 14,690,0
67,632,9 192.061,014,226,0
57,632,9 193,888,013,923,0
3.
10..
Oirc'l'n. Clearing*
Deposits.*
$
Phlla.*
July 27..
Aug. 3..
" 10..
198,548,0 9,809,0 89,067,6
50,810,0
38,715,3 172,112,0
198,934,0 9,828,0 87,883,8
38,715,3 172,226,0
50,913,0
197,873,0 9,820,0 79,206,1
38,715,3 172,179,0
51,081,0
* We omit two ciphers in all these figures.
t Including for Boston and Philadelphia the item "due to other banks."
—TM
Breadstnffs Figures Brought from Page 355.
statements below are prepared by us from figures oollected
by the New York Produce Exchange. The receipts ai
Western lake and river ports for the week ending Aug. 10
and since Ang. 1, for each of the last three years have been
Mutirti at-
Wheat.
Flour.
Corn.
Barley.
Oats.
65,473,110
llf.,744,M9
.
"
.
"
*,6!V\3H5
"
239,8i6,3t0
,
Total
km
in
1898.
1899.
18.692.060
Il.49i.ir71
f9.5F <t,224
,0','3,2O3
8.941,447
86,108.185
188,187,427
81,416,977
8,048,ee7
f.2^8,126
226,632,111
215,679.221
27 1.t-b6.F82
118,O0\0>-O
t0,r8",c0l
15.174,474
7.648,465
8,i4«.'.am
.
Wheat,
Mamorts Iron
'ewYork
— bush.
1
8/42.HH9
908,935
287.174
Portland, Me. 286,753
:-88 326
Philadelphia.
3altimore.... 2.1 4 1,001
Sew Orleans. 1,478,760
Boston
.Flour,
bbls.
Oats,
bush.
69.611
£0.105
i<4.737
1S.UV4
2
004
114,302
200.000
200,000
60
9,505
9.J.05
19.548
4 4.344
89,968
14,177
1,428
98,295
86.189
7,926
6,000
112,<-03
60,286
67,726
139.C91
Norfolk
Newo'rt News 886.000
Montreal
779,759
>»l»*iton....
Corn,
bush.
839,096
65,274
17,142
29,891
9,800
66,414
1,6'
Quebec
lift.
Rye,
Peas,
v U»n.
108.878
13,166
Barley
bush.
16,811
7 90-.
6,857
16,810
18.867
•••
74,365
19,954
.
:
.
-
and sines
Sept. 1 to—
«eefc
30.
Jontlnenu
America.
C
West Indies
3r.N.Am. Colo's
,
8.002
87.111
4,178
)ther ooontrles
11.011.844
2,888,*64
986,858
1.127,440
96,221
302,377
Aug. 10
1900,
1,
bush.
64,177,272
68,199 243
81 669
140
469,915
1,
1904.
bush.
bush.
174,724 74 817,366
381,248 76.359,687
72,773
1,188,024
43.473 1,014,433
221,878
837,542
6-8,217 153,413.730
8.469 012 120,881,129
1,783,742 83.677,078 2,769.787 185,015,633
891,178 16,763,0"4
199.M3 14.822,513
Total
Total 1900
10.
bush.
2 411,248
6,054,786
3,000
bbls.
102 779
,
Aug.
1,1900.
'"''•-
Kingdom 241113
United
i. ft
Aug.
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Ang. 10, 1901, was as follows:
Corn,
Ivnsai,
6072,2
1774,7
997,6
3 038.8
1787,5
City,
Capital A
Surplus.
1900.
12,7-3,116
872 217 31 1.178
450,865
121,435
38.8S1
Total week 8,4f 9,ni2
24,716
2,113
18.104
Same time 00. 1,788,712 2,709,787 199, f 48 898,; 65
60
The destination of these exports for the week and since
Sept. 1, 1900, is as below
,-^—— Osrn.Wheat.
Flour
Bator ts for
Week Sines Sett. Week Sines Sept.
Week Bines Hsstt,
97,9
314.K
9,1
1901.
bbls. 13.82H.604
94,281,140
9o.2 'fl.l»«6
49.614.1P4
Ang. 10 compare as
to
The exports from the several seaboard ports for the week
ending Aug. 10, 1901, are shown in the annexed statement:
20,0
...
Oats
Barley
of—
1
1426,4
1870,6
2449,0
11/3,7
8886,0
1*30,5
1210.6
2722 4
1449 7
662,6
364,0
878.3
591.6
75,8
331,7
106,7
62,6
34 6
98,9
107,0
37,1
17,0
138.3
60,2
12,6
56,4
29,7
25,3
27,1
9
243,3
188,0
158.8
171,8
Totals Ang. 10. 8262,0 8959,7 69879,1 3070,0 4221,1 8356,8 2304,7 756210
Totals Ang. S 8262,0 9017,1 70366,f> 3095,3 3915 3 7873,6 2097,9 75116,6
Totals July 27. S262.0 9017,1170639,5 3126,2 4141,6 7730,1 2046,6 76615,6
New York
Total receipts at ports from Jan,
follows for fonr years:
Receipts
Kk/nr.
NlW VOHK CITY
[Vol. LXXIlI.
in store «t—
Oatl,
bush.
618.000
25,000
bush.
1,117,000
bush.
Rye,
busk.
Barley
32,000
123,000
hue*.
Hew York
Do
afloat
3,048,000
Boston
1,280.000
878,000
1,645.000
559,000
860.000
144,000
29.000
708,000
167,000
227.0UU
275,000
20,000
295.0U(/
26,000
163.000
74,000
37,000
128.0C0
1,000
398.0UU
30,000
8,'lOO
279,000
'38,000
50.000
84,000
516,030
461,000
817.000
isY.bbo
''3,000
51,000
44.000
49,006
"3.000
7,874.000
736,000
110,'oou
007,6(10
'08,000
1,482,000
2,fc62.("if
66,000
1,1^5,000
410,000
521,000
....
Philadelphia
Baltimore
New Orleans
Qalveston
Montreal
Toronto™
Buffalo
Do
afloat
roledo
Do
afloat
Detroit
'
306,000
Do
afloat
Iftloago
4.071,000
Do afloat
Milwaukee
Do
afloat
Dnluth
Do
'
2,000
'
18,000
17,006
668,000
95.000
46,000
33.000
166,000
674,000
19,000
37,bb'6
4,bo6
121,000
1,000
27,000
19,000
205,000
27,000
965.000
516,000
658,000
166,000
1 10,000
28,819,000
30 469,000
13,296,000
12,666,000
11,861,000
10 185.000
16.017.000
4,446,000
4.354,000
6.667,000
8 887.000
3,081.000
223.000
rt.Wiirm4Pt.Arth or
471,000
1,865,000
afloat
Minneapolis
9t Louis
Do
5,507,000
„
afloat
XsnsasClty
Peoria...
Indianapolis
On Mississippi River
On Lakes
On oanal and
Total
Total
Total
Total
Total
6.00(1
river.
..
Aug. 10, 1901..
Aug. 3, 1901.
Aug. 11, 1900..
Aug. 12, 1899..
Aug. 13. 1898..
48,218000
88,266.000
18,697.000
23,000
'
6.000
1,000
'
82, bob
79,000
fiS^.OOO
624,000
672.000
449.000
Auction Sales.- By Messrs. Adrian H. Muller
Stocks.
Vail. KB.
320.000
313.000
360.000
368,000
213.000
728,000
& Son
:
Stocks.
& Coal
100 Safety Car Heating &
$16 per eh.
Lighting Co
147^
44 German Exch. Bank
318
11 Market & Ful. Nat. Bk..260
132 Stuyvesant Ins. Co
55
180 Am. Bank Note Co. $54 per sh.
18 Nat. Broadway Bank.... 31 (J 1*
1977
3 Cen ral Trust Co
5 Nat. Shoe & Leather Bk.111%
2 Lawyers' Title Ins. Co. ..316
650 Del River & Atl. RR. Co.
Botids.
$00 eaeh..$l per sh. $1,800 Newark Gas Co. 1st
6 Bank of the State of N. Y 250
op, 1944, A&O
140^
50 Hanover Nat. Bank
696
$12,000 Ga. Midland RR, 3s,
10 Nat.Bank of Commerce. 383
1946, A&O
67^
50c Chatham Nat. Bank
325
$1,900 Securities Co. 4 p. o.
150 No. Am. Trust Co
91-92
registered oonsols
235
By Messrs. Richard V. Harnett Co.:
$2,500 The Vesuvius Manganese Co. 1st 6s, 1610, and 25 shares
1st preferred stock
$60
1 Membership New York Produce Exchange
160
2
Lykens
Co., $20 eaoh
1
Bbls.l96lbt Buth.OOlbi Bush.bOlb: Bush.S2lbi BuiA.48U>t
164,167
2,173,027
Chleago
1,146,485
2.291,193
86.100
78 850
50,400
99,760
llwaukee
74,400
67,000
704
152. ;39
112,600
6.406
....
652,028
E7.900
Minneapolis.
295.240
34,470
116,884
2,022
602,192
318,707
1,088
Bu.btV
84,828
21,750
M
,
Cleveland
St. Louis ...
17,600
103,710
43,660
188,618
87,919
90,«6r
361,590
987,734
93.1C0
198.400
800.00C
797,200
9.0CO
e 6,801
420,600
2.400
4,900
1.197,600
375.750
804.000
4S3 6S9
6,149,839
2.388,447
4.894,949
6,437,658
2,667,569
4,997.687
140,068
221,850
312.936
344.1E0
413,442
3,728.198
8,701,975
8,572,151
185,539
842 091
716,346
844.635
12,989,767
5,082 032
8,588,426
12,198,208
8.478.149
6,097.382
8,660,710
202,955
382.C83
197.801
8.549*17
8.447.975
378.623
17 7,215
19,900
Kansas city
Tot.wk.l9ci
76,392
61,709
.
Same wk. oo
Sams wk. vi.
Sines aui 1
WOl
2.140
66,130
...
.
•
••-
&
98.419
1
2,566
.
1899
The
receipts of riour
the week ended Aug.
Flour,
at—
Reteifts
Hew York
Philadelphia
Baltimore
Elohmond
Hew
Orleans*.
HewportNews
Norfolk
Galveston
Portland,
Me
Quebec
Total week.,
week
bills.
121625
Boston
Montreal
1900
and grain
10, 1901,
4H.527
16,000
56,778
81,566
2.112
16.975
18.295
1,428
19,643
6,010
466,849
386,666
\Vr\eat,
bush.
1.186.300
P02.802
860.000
716.9S3
1,9«2,442
4(',?(0
478.000
895.0"
at the seaboard ports foi
2,C3fl,841
Corn,
bush.
Oats.
bush.
Barley
bush.
By*
bv*.
494,900
23,630
40.000
9.359
26,668
1K.978
21,000
17.142
4:8.400
161,325
26.C0O
49.818
128.301
9.438
23,460
31,900
51,776
25,Od6
8,000
7.576
45.911
1,920
27
652,467
8,466,668
29
a:
Trask &
BANKERS,
PINE STREET,
-
-
114.302
19,954
7,900
1,009.993
1,060,202
64.800
32,400
New
-
NEW
INVESTMENT SECURITIESBranch
Members N. Y Stock Exchange.
Moffat
"VOHK
Office, 67 State St.,
&
White,
... NEW VOHK
INVESTMENT SECURITIES.
.Members
No.
1
Albany
Alexandeb M. White Jb
BANKERS,
116,182
6,7X8
Orleans tor forti. n
-
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
Geobge Barclay Moffat.
Reoelpts do not include grain passing through
Ports on through bills of lading.
*
Sp<encer
follow:
139.091
6A7.260
1^6,763
56,414
6,761,685
562,236
New York
NASSAU STREET,
Stock Exchange,
August
17,
THE CHRONICLE.
1901.
Itoufejers'
%
@a»ttje.
premium.
IM\ IIIIMIV.
Arame
WKsn
Per
Company.
of
323
United States Bonds.— s.-iio of Government bonds at the
Board are limited to $3,000 3s, reg., at 1083£, and
coup. at 108%. The following are the daily closing quotafor yturh) range ace third ptu/e fulln,
Books ci,
(Days Ineh
Cent Payable
.
ltMlln.ii.l-.
Canadian
Pacific,
:
oom
2«a Ool
pref
2
do
d(i
(Slflllll).
Mexican Northern (qtlftr.)
North Pennsylvania (<|iiar.)
Del
Pliila.
Sep
IQUAT.)
Caramel, com. (quar.)
Cereal (quar.)
Coal
Window
Glass, coin
pref
do
Barney 4 Smith Car. i>ref. (quar.)
com.
(quar.)
Chemical,
era]
Laclede Gas Light, oom
National Biscuit, com. (quar.)
i
do
o
Sep
Aug 31
24
lie!
Sep
Sep
Sep
Aug
Aug
Aug
Aug
rec.
Ool
Del
Aug
Aug
Aug
Aug
Aug
Aug
1
1 34
1% Sep
National Lead, pre! dinar.)
N. Y. & llotioken Ferry (quar.)
Ohio A. lud. Cons. Nat. .v 111. lias (on.)
1
Park
1 34
>
4
Sep
Sep
Sep
to
to
tn
to
to
to
to
to
to
to
to
to
1
28
21
as
39
8
22
24
22
19
21
9
Sep 19
to
Holders of
IS. del
2
Steel, pref. (quar.)
10
S\ Sep
1
Sep
Au«
i
jiref. (([liar.)
ill)
Sep
2
6
a
I
do
1..,
Aug
13
l,;
Del
18
9
'J
;;
Si p
i
Sep 16
s.p a
unfavorable than had been expected in sunn
quarters, and the security markets opened with a firmer
tone on Monday. This condition improved when it became
more apparent that the strike was practically a failure; (lnsteel workers having largely ignored the official order for the
Later in the week
strike to be made general on that day.
several steel manufacturing plants which had been closed
were re-opened, strengthening the earlier opinion as to the
failure.
The news from Joliet to-day is not so encouraging,
but it is hoped that this menace to industrial and commercial
activity, which has had a more or less depressing influence
in Wall Street for some time past, will soon be removed.
Favorable weather since August 1st is reported to have
improved the condition of the corn crop since the Government estimate was made, and the price of corn has declined
within the week. The international trade statement for
July just issued shows the excess of exports for seven
months of the calendar year to be about §325,000,000, the
largest in the history of the country. The export movement
of wheat continues large, the supply of commercial bills
.has increased, and the foreign exchange market is easier.
The money market shows a slightly hardening tendency
in the time-loan department, although rates for call loans
are practically unchanged.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 3 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 an increase in bullion of £1,190,417 and the percentage of reserve to liabilities was 5093, against 49*18 last
week; the discount rate remains unchanged at 3 per cent.
The Bank of France shows an increase of 550,000 francs
in gold and a decrease of 625,000 francs in silver.
The New York City Clearing-House banks in their statement of Aug. 10 showed an increase in the reserve held of
$1,154,600, and a surplus over the required reserve of
$2f ,952.950, against $22,165,350 the previous week.
1901
Aug. 10
1900
Aug. 11
from
previous week
1899
Aug. 12
Surplus
Loans <& discounts
Circulation
Net deposits
Specie
Legal tenders
Beserveheld..
Legal reserve.
Surplus reserve
Notk.— Beturns
68,922,700
77,382.000
746,685,300
13,902,700
Ino
Ino
79,202,700Deo
7,948,700
19,600
9.468.800
2 549,800
1,395,000
74,222,700
91,035,000
808,046,200
27,411,300
897,409,400
177,029,800
75,448,500
262,298,200 Ino
241,345,250 Ino
1,154,800
2,367,200
252,478,300
224,352,350
226,875,000
212,479.625
20,952,950 Deo
1,212,400
28,125.950
14,395,375
83,222,700
97,365,600
886,455,600
30,553,200
965.381,000
183,095,500
of separate
Ino
Deo
849,91s.r,()U
171,963,000
54,911,400
banks appear on page 821.
"Wednesday, when the tone was easier. Later it has been
decidedly weak on a liberal supply of both commercial and
bankers' bills and a limited demand.
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 84i*4T@4 85; demand, 4 87 4 @4 87^:
cables, 4 87%@4 88; prime commercial, sixty days, 4 84J^@
4 84%; documentary commercial, sixty days, 4 S3?4«x4
rrain for payment, 4 84}£a>4 84%; cotton for payment,
83%@4 84; cotton for acceptance, 4 84J4@4 84%.
Posted rates of leading bankers follow:
M
;
,
Demand
Sixty Days
Prime bankers' sterling bills on London. 4 85 Si ®4 86
Prime commercial
4 84 * @4 84Si
Documentary commercial
4 83 34 3>4 84 34
4 88
@4 88%
1
Paris bankers' (Francs)
Amsterdam
(grinders) bankers
Frankfort or Bremen (reichm'ks) bankers
Less
6 18 34*@5 18' s
40
@
94 lr, i6®
40ho
95
5
lev
40*4
95'-
asie^H
®
40» 10
'<*
957,,,
i.
The following were the rates of domestic exchange on
at the under-mentioned cities to-day: Savannah,
New York
11*1
coupon
.s«ua
II)
A
Q—Jau
rt,
1918,
1907
1907
1925
1925
1904
1904
Q— Feb
Q— Feb
registered
Q—
Feb
Miiall.
coupon Q— Feb
small
registered Q—Jan
coupon Q— Jau
registered Q— Feb
coupon Q— Feb
registered Q— Feb
coupon Q— Feb
is
T
A
1T
-107»4 -Hn-U '107»4 "107 34
"107'i '107 34 -107 3« -KiT
iT
107 3 , "107»4
107
i
.
-107»«
coupon
ie.i
coupon
is,
•This
Q-Jau
A
due
:T
ii
registered
regiMii
3a,
4s,
48,
4s,
5s,
5s,
I.
hiiiu.11
•IOH'4 10S>4 10H 34 •108>4
•I1W4 -1U>'4 •lu-
,
10H'4
i
•108
•118
•113
»187
»187
io«" •ion" •108
»113
•n:t
3
»113
118 113
137 137 •187
»187
1H7 •137
•113
1
»na
137
•
»107»<
•107 3
4
1
8
7
•107\
•108"
1
107 34
107 '4 •107 34
*107»< »107«5 •107
-
1083a
•113
•113
•137
-137
•107»4
107»4 •107»4
.
the price hid at the morning board; no sale was made.
State and Railroad Bonds. Sales of State bonds at the
Hoard include $14,000 Tennessee settlement 3s at 96 to 96J4',
and $500
$25,000 Virginia 6s deferred trust receipts at 7
at 107.
Alabama Class
1
,
A
The market for railway bonds has been dull, narrow and
Daily transactions averaged little more than
featureless.
si, 000, 000, par value, in which only a few issues were conspicuous. The market, which was firm during the earlier
part of the week, showed a tendency to decline to-day in
sympathy with the stock market. Mexican Central 1st incomes were exceptional in recording a net gain of over 2
Union Pacific convertible 4s were much the most
points.
active bonds and close fractionally higher than last week.
Stock and Bond Sales.— The daily and weekly record of
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 330.
stock and
Railroad and Miscellaneous Stocks.— As noted above, the
stock market opened firmer on Monday. The firmness increased as news from Western st^el plants was received
during the day, and a considerable list of active stocks
advanced from 1 to 3 points. There was an increase in the
volume of business as well as in the buoyant tendency on
Tuesday, when a few prominent issues, including St. Paul,
North Western and Canadian Pacific advanced 3 points or
more. The market has maintained the same general character until to-day, when there was a reaction averaging
nearly a point, notwithstanding which a substantial recovery from the recent decline of prices has generally been
made. The subjoined table shows the extent of this recovery during the week in a few important cases,
Closimj Closing
price last price
week.
to-day.
75 "i
72*8
Atchison
Do
94 38
preferred..
Baltimore & Ohio...
96^
96
Closing
Norfolk & Western.
Pennsvlvania
a-97 34
164^ Southern
Book Island
Northwestern
138
190b
Great Northern
Erie
175?)
142 h
195 34
182
38 34
144 34
103 ^
101 »4
154
Paul
Illinois Central
Loulsv. & Nashville
Missouri Pacific
N. Y. Central
no
sale,
x
36
141
100«b
99 34
161
Ex
Pacific
Pacitio
week.
51
143
40
53 34
Union
95>-i
Manhattan Elevated 116*8
Col.
Fuel
<fc
Iron
General Electric
Tenn. C. I. & By
C.
!>2V>
54 34
145 34
42>*
563b
98\
117 34
98
221
223^
2501-2
264
S. Steel
Do
dosing
lince
liri.
157
St.
41>2
63 hi
43 \2
90^
92*8
60
pref
dividend.
Outside Market.— The outside market this week has improved considerably, both in prices and in the volume of
business transacted, and yet without at any time being
really active. The better conditions on the Stock Exchange,
together with the advent of several new securities, served
to increase interest.
The new issues were the common and
preferred stocks of the U. S. Reduction & Refining Co., a
concern with $10,000,000 capital ($1,000,000 preferred) and
$3, 000,000 1st mortgage 30-year 6s; the stock of the Dominion
Securities Co., authorized capital $l,">00,000, engaged principally in financing Nova Scotian Railway projects, and the
stock of the Amer. Elevated Railroad Co. (see " Investment
News."
—
Foreign Exchange. The market for foreign exchange remained steady at about last week's closing prices until
August 16
registered
1930
1930
1930
1930
1918
1918
b Bid,
$
Capital
Aui/.
—
less
Differences
2s,
2s,
2»,
2«,
3s,
St,
:t«,
Sep
Sep
S.p
Sep
WALL STREET. FRIDAY, AUK. 1«, 1901.-5 V. ML.
The Money Market and Financial Situation.— The Government crop report for July, issued on Saturday, was on
the whole
Interest
Periods
!
to
to
Aug
•J
M iii cllnncoupu
American
American
American
American
:;
Sep
1
Street Ituilwnys.
American Hallways,
to
7
Si p
Si p
p. 337),
which
sold
on Wednesday
at 20; 8
.
The com-
stock of the U. S. Reduction & Refining Co. appeared
on the curb a few days ago at 26, steadily advanced to 81
this afternoon, and closed at 88 bid.
The preferred, not so
active, sold at 42@44 the bonds have not yet been dealtin.
The first trading in Dominion Securities stock was at 64,Jg@
65.
To day it sold up to 68^. the closing price. Of the
usual list the Consolidated Tobacco bonds and American
Can stocks were most in demand. The Tobacco bonds,
which sold at
last Friday, fell off to 85 on Saturday,
but subsequently advanced and closed to day at 88J4.
and (dosed at
American Can common rose from 33}
The preferred moved from 73'., to 7 '.,. to-da/s clos|.
ing price. Seaboard Air Line stocks, while inactive, rose
mi small transactions from 37 to 28 for the oommon and
from 47% to 50 for the preferred. Kansas City Fort Soott
& Memphis stock, also on few trades, rose from 783o to 7
mon
;
m%
j
1
Compressed Air gained V/i points, going up to 16&. Among
the recently inactive stocks whiob sold this week were
American Bank Note, at 56; U.S. Cotton Duck common,
at 30; Universal Tobacco common, at 20, and Cramp Ship
yards, at 75. The outside quotations will be found on page
330.
New York
Stock Exchange —Stock Record, Daily, Weekly and Yearly
llt'CUPI INC TWO PAGES
STOCKS OJOHEST AND LOU
Haiti riln
Aug.
,
•'.-J
71
'a
94
Monda
</
36
65
«
2
1
*21
'
.
92
'g
•67
68
162
44
4
1
'_•
92 v
;
73%
128
•
i:;;t
.
»45%
.|
7
125
1
1
86*4
87
76
77
»12o
128
2
2
1
1
•0]
•81 \t
M.V,
1
2
"v
02
88
1
.'4
-17
128
a 22
133
*
'i
•loo
>188
195
193
'
96 s4
77
110%
12
89
70
159
15fl
02
22
•01
'120
'4
92
71
1
-
184*3 iMi'i
1.04*4 L94
l
i
r.
1
1
'2
'.,
82
187*4 191
193
195
220
216
'
:
52
62
*73 12 75
142 143
3'J >j
38
73% 75
62
74 34
142
•37
72
•31
•18
•37%
•7
•30
60
•120
•250
•74
100*8
21
39 >a
8
100'...
115%116*a
164 164*4
•35% 38
•92
23
9%
95
23*4
10*4
•105
107% 107%
*115%117%
24% 24%
•71
•25
52%
74
26
52=8
98 % 99 34
•193
195
150% 150%
39*2 39%
•105
79
112
79 %
5034
51
20
"18
19
•38
19
*38
19
41
20
41
41
'38%
•7
8
•7
8
35
61
"1
8
•
*
•72
"102
75
35
60
126
275
137
5137
5215
31% 32 Hi
50% 51*4
70
*64
•93
•67
142
•22
72
143
26
•
75
»
81
78
•72
102 *•< *100
3978
40
90
90
70
100
74
143
26
75
32%
51%
*89
l
96
64
93
5137
137
215*2
215
33*4
33
i"37
21
as*2
52% 58%
53*8
•87
90
90
96*2
•64
•93
•68
70
100
?71
71
143*4 144%
•22
26
75 34
7o
*19
19
144%
•22
70
100
72
145*2
28
•137
214
139
217
33%
53%
•87
Do
81
•72
78
78
103 •100 103
41% 42 V
42
Hi
77 34
77 34
52% 62%
52
<
i
10
9,165
380
100
9,970
&
Do
50
3,840
1,585
3,400
pref
Cleve. Cin. Chic.
St. L.
Do pref
Cleve. Lorain <fe Wheel'g.
Do pref
Colorado
So., vot. trust
&
1st pf. vot.
T^elaware
<fe
Hudson
& West'n.
& Rio Grande
pref
Denver & Southwestern.
Do
8
•30
62
•123
35
63
128
275
80
C.,strap.
i>ref
Do pref
|7"anawlia & Michigan..
So. vot. tr..
pref. vot. tr. ctfs.
•70
Do
75
S. P. ct S. S.
83
83
39
<109
40
112
il Y. Chic.
Do
Do
79% 79%
*137
-214
343i
139
217
34
54
..
St.
<fc
Louis..
1st pref
2d pref
•63
•90
-67
143
-22
67
Mis
145
146*4
26
75
81
22
69
95
72
Do
Do
75
Pere Marquette
75
Pittsb. Cin. Chic.
Do
•70
43
77 34
78%
Do
Banks
NEW YORK
Bid
CITY
America fl
505
AmerExeh.. 260
Astor
800
300
BowervTf
Broadway
...
Ask
540
275
City
Colonial)]
Bid
...
160
690
300
310
Columbia H ..
Commerce. ..
Commercial 100
Corn Exch^. 190
East River.. 140
Ask
690
Banks
Bid
14th Street^.
1115
Fourth
235
410
140
500
(jallatin
Gansevoortl
.
125
German Am' 135
German Ex' 1313
Ask
250
430
pref
&
6
.I'ii.
12
4
12
Bid
Banks
.
.
.
.
l
j|
-
:j
4
Deo
4 2
78%
144
109
125
Mar
Aug
18
82
Dec
Dec
29
04
Apr
126
175
Nov
Mar
9
1
'4
Dec
Dec
148% Deo
Deo
172% Dec
220 Dec
122*8 060
14% Deo
Apr
3934
ir.o
J'ne
21
Dec
J'ni
J'ly
6% Mar
20% Nov
27% Deo
63% Dec
43% Deo
54% Mar
94% Apr
10%Febl3
3% Ma'.
Mav
May
May
Dec
Deo
Dec
Dec
Deo
May
47% Jan
89
10% Jan
17% Dec
Mar
11134J'nel7 68 34 s.p 89% Deo
116% Deo
9 131% Apr 22 84
9 177 J'ue'24 143% Sep 182 Feb
Jan 9 37 J'ne 6 24% Jan 37% Apr
79%Janl5 92 J'ne 5 70 Feb 84% Nov
9
12% Jan 21
3% Jan 24
107% Mar 4
2,2001 67% Jan 19
100 101% Jan 7
15
May
49
1.600 15
Apr
1,100
6
14% Oct
20% Mai
37
69
9
9
Jan 21
Mav
9
Jau 4
30
Mav
15
April.
107% Mar
2
lll*4J'lyli
117% Aug
2':
5
JJ04 Jan 115
4
J'n.
.I'm
:
9
27%J'ne24
J'ne25
35% Apr 29
68% Apr 19
124% J' nel 4
83% J'ly 12
78
14
47
Sep
9
Sep
J'no
71%Dco
104% Nov
Apr
Apr
17% Deo
47% Deo
72% Dec
49 Dec
27
69
25"
38% Jan
200 78 May 9
35 .I'm
Jan l^y%May
?lWl%Jan 8 197% Apr 9
20,859 139% Jan 21 170 May 2 125%J'm 145% Deo
Aug
24% Dec
Mav
9
J'ne
5,100 16
41%
11
75 97 Mar 1 115 Mar22 75 J m 110 Dec
1,700 47 Mar 1 82% J'ly 1 29 J'ne 58% Dec
420 Apr 1 420 Apr 1 400 Mav 420 J'ly
32 2131%.Jan 15 139 Feb 21 J130 Jan 3135 Mar
210 ^200% Feb 2 7 217 J'ne24 2 7.4 Sep .215% Jan
49,300
75,110
100
24
Mav
9
Jan 10
Feb 15
77% Jan 21
400 84% Jan 23
100 62 Feb 1
B9 Feb 25
30 63 Jan 8
42
82
Jan 2
Jan 30
88 Jan 4
36,600 24% Jan 4
57
14.025
6,200
65
Mav
3S
65
Jan
Feb
93
Feb 16
9
3
5
40% Mav 1
57% Mav 2
90% J'ne! 3
||700 May 9
113% May 7
Deo
18% J'ne 32%
22% Jan 45 34 Deo
67
Jan
45% Sep
Ask
2
79
320
!
Banks
New Amster
New York Co
X V Xat Ex.
New York...
No
98
<
.
Ask\
Banks
185
Phenix
186
Plaza"
1400
1 500
299
310 340
19th Ward- 150
Ninth
80
90
North Anier. 200
.
Deo
07 Sep
J'nel9 46 Ma\ 62
Apr 26 82% Sep 90% Deo
75 J'nel3 57 Ma] 69% Oct
161% Apr 22 124% Sep 149% Deo
J'n.
18 Deo
35 Mar22
6
75 J'nelS 20 Jan 36 Deo
3% Deo
86 «i'nel7 55% Jau
80 J'ne 7 49 34 Sep 80% Jan
9
1
Jan
105 May 7 78 J'n.
4s % J'ne 3 15 Sep 26 Dec
80%J'nel7 49 Jan 7 1 % Dec
59% Mav 1 23% Sep 39% Deo
85 Ma'r23 43% Jan 80 Dec
108 J'nel9 80 Jan 95% Dec
Bid
Mutual'
Nassau]
83
86% Dec
91%Deo
73
Find Fx.liV
'Riverside' ..
.
Seaboard
Second
seventh
Shoe & LetSn.
150
150
Germania',
t
... 310>4
500
State'
11th Ward',. 150
275
Butch'sct Dr 110 130
Greenwich
175
Fidelity .... 225
Hamilton"
StateofNYII
Central
175
150
Oriental)!..
185 200
L60
IlaniM
12th Ward*".
Chase
Fifth A\< .. 3250
195
195
700
Pactbol
696
100
Chatham
Fifth
23a W»nl1 ..
Hide tfe L'atl 150
Park
325
580
t325
206"
"Union S<;' ..
Chemical
4099 1100 First fu.u 1. 725
Imp
Peoples'
75
,t Trad
2
J00
560
590
* Bid and asked prices: no sales wer e made on this day.
'
ami rights.
dividend
state
Less
banks.
Ex
rights
a
?
Ex
than
shares.
i
100
t Sale at Stock Exchange or at auct ion this week.
s Trust Co. certificates.
Stock "cornered" salesfor "cash" wei e made as high as 1000.
•
D(
42
23
52
M. 11-29 83'i
115
J'ly IS j 197 Jan |240
72
St. L.
Irving
190
Leather Mfr. 260
500
Liberty
900
Lincoln
Manhattan* 300
Markets- Fui 290
279
Mechanics'
Mech & Tra' 135
200
Mercantile
Merch Exch. 140
Merchants'.. 180
Metropolis *) 650
MtMorris*ff.. 175
i
•
a
"
76
118
30
72
10% Sep
30% Sep
165 lo- '-.Tan 21 130
2230 April 250
800 67 Jan 3 82%J'ne22
|
pref
.
....
J
Jnu
6
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
26
Dec
Nor
Apr
8% Deo
47% Mar
20% Mar
134% Deo
194 34 Deo
16% Jan 34% Deo
04%J'nt 87 Dec
J'ne27
J'ly 29
45 J'ne 5
12% J'ne 5
22 j'ne 5
3
Mav 9
14% Jan 22
33% Jan 9
102%
Do pref
42% 43 T) eading, vot'g tr. ctfs..
77% 78 34 IV 1st pref. vot. tr. ctls..
52% 63% 2d pref. vot'g tr. ctfs...
52% 53
1
.
39
41
53,975 137
*102
42
1
71
69
7.050
13,600
1st pref
2d pref
146*4 Pennsylvania
26 Peoria & Eastern..
*
11.
Jan
•.
:
N. Y. Lack. & Western...
N. Y. N. Haven & Hartf
& Western.
Norfolk & Western
adjustment,
pref.
Do
JL
1
3
13% Jan 8
24% May 9 45%J'ne 4
59% Jan 21 73%J'ne29
36.260 76
18,876 83
3,500 150
27
97
98
72
Jan 30
3.290
46,890
35*4 N. Y. Ontario
55%
88% 88%
54' 4
69
200 18
325
Mob.<fcO.,J.P.M<fcCo.rects
May
.;
Apr
Deo
J'l:«-2S
Jan 2 36 Apr 4
1,150 39% Jan 21 68% Apr 19
Mane.
-194% 196 Morris & Essex
153% 154% \f Y. Central it Hudson,
107
9
24
pre*
27% 27% Mo. Kansas tk Texas
54
54%
Do pref
101%102% Missouri Pacific
sl
7
Jan 21 193*4 J 'nel 4
5% Jan
Des Moines...
Do
•24% 25% Minn.
<1
i
52
92
% M uy 7
7* % Apr 19
1
e
90 Apr
sm7 II a
47%
1
128%J'ne24
I).
1,000 40% May 9 57 May 6 3o% Jan 42% Dec
930 6934 Jan 21 80 May 2 58 Jan 74 % Dec
4,900 124 Mav 9 154%J'ne29 110 J'm 132% Deo
9.450 21 Jan 21 43 34 J'ne21
11% Jan 27% Dec
1,900 48 Jan 21
J'ly 1
39 Sep 58 Mar
100 21 Jan 8 41 J'nel5 10 Jan 25 Dec
100 13%.Tan 4 25 Apr 39
7 Sep 17%A»r
35 Jan 4 49 Apr 30 27% Sep 43% Apr
JVansas City
&
9
'i
-
..
Deo
Mar21 15 Sep
4 Jan 4 61
Jan 31 68 Apr 12 38% Oct
sl
Jan 4 95 April 74 Oct
17 Jan 18 36 Apr 20 12% Mai 20 Deo
7,450 167% Mav 9 208 Marl 5 144% J'ne
.Dec
65 Jan 2 67 34 Fel)14 53% Mar 66 Dec
1
8%Dec
7% Jan 28 ll%Apr22
5% Sep
& \V., deb. ctf. A
pref
T ake Erie & Western...
IJDo pref
-25 1*4
L. Shore & Mich. South'n
-75
Long Island
103% 104% Louisville ife Nashville...
117% 118% TVTanhattaii Elevated...
16734 168% l'JLetropolitan Street
"3l>% 36% Met. West Side El. (Chic.)
•90% 93
Do pref
25
25*4 Mexican Central
11*8 11% Mexican Nat'l tr. receipts
*105
Michigan Central
-108 109 Minneapolis ct St. Louis.
.
Do pref
May
J'ly 8
J'ly 29
1,100
1,700
T?rie
100,877
AJDo 1st pref
16.100
3,000
Do 2d pref
Evansv. & Terre Haute..
2,150
Do pref
Keokuk
.•7
80
69
pref
Worth&Den.
1
29%Jan21 53% Mav
3,955
Des Moines <fe Ft. Dodge.
Duluth So. Shore & Atl..
Great Northern,
.Mar
55
Jan
Jan
1 --
203
520
-L'elaw. Lack.
Denver
Do
May 9 MH%Apr22
Marl 9 95 .I'm 29
l
1
3,070
2,650
3,100
2,110
tr. cfa.
2dpf.vot.tr. Ctf 8.
3
1
l%Muy 3
97 .Die 6
I
210
300
&
Do
Do
Mav
19
1
i
.
i
pref
Do
•7
90
97
67
•93
20
•38%
8
35
63
-72
"78
•72
78
103
*100
40%
40 Hi
77*4
763a 76 Hi
5134
51
51
183
31% 31%
•7
10
52% 53
Crocking Valley
75% 75 34 JtlDo pref
I4434 145%
•39% 40 -Lowa Central
41
76
i
100
39%
70% 76%
50 % 50*4
'4
•30
•30
35
*30
•59
63
60
63
61
'124
•124
128
126
128
}122 122
*251%275 •251*4 275
250
'251*4 275
7.s
*75
77
77
78
71
76
74
100*8 101*,. 10134102*2 102% 103 34 103% 104%
3
117
116*2116*2 116^117^
117 4 118 118%
166 166
166 166*2 166*2167*8 167%168
•35*2 36% •35Hi 36% •35% 36%
*35*a 37
"9 2 Hi 05
•92
-92% 95
06
•92*2 95
23*8 23*2
24
24% 25 B
24 H»
23 Hi 24
10
10
10% 10 34 10% 11%
10
10*4
*105
-105
*105
•105
108 100% 10834 108%
107 107*g 108 108
*116 118
116 116
...... ......
"23 Hi 25
25 8 25%
25*4 25%
25*4
24%
•70
•71
•70
75
75
70% 71
75
•25
26% 26% 2 7
27
25*2
2o
26 34
.->1 7
o4
53% 54%
54 34
53*4 53H:
8 52 '8
100 34 102
101% 102 '4
98 100 Hi 100* 8 102
83
83
*103 195
193 195 •193 195 •193 195
153*4
154 154%
150 150*2 151 Hi 153 Hi
155
411
39 8 41
40
40
39
40 *j
40
-105 112
*105 112 5110 111^ •110 112
3
80
78
80
80*2
79% 79<i
81*4 81 4
96
-64
•93
•67
142
•22
3934
*18
•38
•87
90
39 1-2 30*a
74
74
39%
74
-214*2 216
31 58 32 V
•86
75
74% •74
143% 113*2145
2,500
Chicago Terni'l Transfer.
1
D.o
25
Sea
16
40% J'ly
ne G
59 % Apr:30 :;l
Oct
72%.lan 4 82% Apr 30
Xo\
Jan 4 199% Apr 30 11 9% Jan
91
Jan 2 185% Apr 20 HH Jan
120% Jan 8 13U Aprl* 119% 1"
16 Jan 3 26% Apr 29
07,
90 J'ly27 94% Marl
.I'll.
75 MaylO 0O%J'ne24
42 Jan 3 56 Marl4 30 .In.
23 Jan21 40*4 J'ne 4 14 Jan
Jan
58V Jan 23 7.V»i Apr 2
134 May 9 188 May 8
.in.
175 May 9 200 Mav 8 109%. Ian
168% Jan 21 215 Mav ] 150% J'ne
207 Mar 1 248 April 105% Ma)
116% Jan 4 175% J'ne 6 i102 J'n>
125 Mar 2 115 April 110 Oct
180 Mar29 201 April Il72
10% Jan 19 31 Apr 16
8% Cot
33 Jan 21 67% Apr 16 26
73 May 9 92% J'ly 10 55 J'n.
115% Jan 12 121 Apr20 103%J'ne
27% Jan 7 37 Mar 6 14
67 Aug 7 77% Feb 8 46 Jan
6% Jan 21 18 Apr29
5 Sep
40 Jan 31 56% Apr 29 36 "-• 9
16% Jan 4 28% Apr 29 14 Sep
105 May 9 185% Apr 3 106% Sep
188% Jan 3 244 Mav28 171% Sep
11,700
Illinois
i
eb2*
29
27
200
Green B.
9%
9%
52% 52 34
52% 52 34
75 'g 75%
75*4 76
144*4 144% 144% 145%
52*a 52*2
39
181
180*4 182
74
«135
*135%137
*214%210
53
17s%180
178
178
39
72
33
*30
35
60
125
2(5
77
178
510
Qulncy.
&
Ft.
178
176
&
ins
54% Jon
Jan
Mav
May
1,400
25.2911
Chic. Bock Iai'd
Pacific
Chic. St. P. Milin.
Om.
'.j
,
175
1
37*4 Chic. Indiana)).
71
Do pref
•1
:
...
New Jersey...
Chicago* Eaat'n
L86>a iaa" i:;',s"ii(9" 188% UO" MO 143Hi 141% 148%
•125 140
•125 140
25 135
*125
136
3124 124
171
17.>
>171%175 •171% 175
175
•171% 185
185
19*4
18% 19
18*9 18*2
5 19 '4
17% 18
18% 18*4
:;i;'4
38*4 38% •38
30 %
37% 87%
38%
37 Hi 38*«
90
90
90
*89%
90
90%
91
90
H2
Z89'.i 90 v
J
•114 117
110 118 «115 117
•30
32
33
30
530
-66
69
•66
70
•66
69
69
60
13% 13% •1314 13 4
13% 13% 13% 14
13% 18»4
13% 13%
52 V 52 •„
63
62
63
53
52
62 34 53
59% 63% 53%
•22
22*4 22 H,
23
22% 22«,
22% 23
22% 23%
22 Hi 23
161*4 161%
168%159 •169 161
160 100 3 * 160*2 161% 161 161
•223 228
2 JO 225
222
228 228
}222
41*2 42%
•40
541*4 41*4 *40 34 42
42
42
41
42% 42*4
91
91% 92%
90*4 90>4
02% 91% 92
91
91 %
*
*
*
69
70
69
•
•
70
69
69
-33
37*4 37*4
•33
•33
38
38
37
38
36% 30 34
38
•0*2 HH-.
10% 10%
10% 10% 10 Hi 11
•17
19
29 4
18
19 a4 19 34
19 '4 19*4
37
stil
35*2
38
38% 39 '&
'4
38% 39
36%
*
35%
36% 37 Hi
63*4 64 'a
66
65% 66 '4
67%
631-2 63 »a
05
65% 66
65%
•48*2 50
51
50 Hi 60%
51% 51% 52%
51
*48% 50
51
*53
•53
55
54
54
54
55
54
56% •54% 55% •54
•86
*86
•86
•86
*ao
88
•80
90
88
88
90
88
180
140
•171% 185
17% 18
36 'a 37
•90% 91
•115 118
•30
35
•66
72
.1
30
77
18,716
9,100
909
164 166V Chicago Milw.
198,530
191
191
Do pref
5,305
195% 196% Chicago & North Western
700
':
Apr2Q
Apr 22
i
& Louisv.
& St. Paul.
37
71
71 '2
1.65%
64
91
21
hi
1,560
Do pref
22% Chicago Great Western..
Do 4 p. c. debentures
82
Do 5 p. c. Tin-t. "A"..
Do 4 p. 0. pref. "li"..
22
-"-'•'.;
81% 81 34
48% •46% 48%
86
85% 87%
36
70 '4 71
nil
162
128
.133
Ma) 15
11,7!
paimriian Pacific
'
anada Southern...
188
•125
Ohio.vot.ti
Central of
Feb 20
Htghett
weti
Jan
79
46% 47% Oheaapeake <v Ohio
37% 37% ChicaKo<fe Alton
76% 78
Do pref
77Hi
*
22%
1
193
J
r < I'.ii/ijj
111.;
1
*' i)» pref. vot tr. ctf«.
71' 1 75% Brooklyn Baplrt Transit.
90
Buffalo Roch. & Pittab'g.
•123% 126
Do pref
3,',
128
133
1
tout
/.'an.,
!'"'
Week
90
Santa
'•'
Share*
prel
92
00
•81% 82
.17-'i
Do
b97% 98V I>nir.&
t.
87*4
1
97
1
00*4
90
*"i
» Do
pref....
\'ci,.r.,|,.
a A
On bat U
il,.-
'
74% 76%
1
76%
A
55
tfChicaso Burl.
"91
<>
193
T
'.<:i
-120
122
133
22
22'j
•62
'.1
79'-..
•21% 25
Bail road a.
Arbor
;
1
Ill % 11 2
70
70
157 157
46 7
40
'.|
46% 46%
37*4 37%
76% 7 7',
34 ^
38% 84
84 *a 35%
*60
09% 70
.0
71
71
150% 157 Hi 168 158% 168 Te 101 H
82
is.;
1 82 % 1
183*2
182% 182%
"a
84
'•-
162
81% 81 94
1,',
93
75
1
70
157
46
92
•91
00*4
83*4
a
:;:',
37
76Hj 77
-120
05 34
1
89%
'.1
.
06
J""
111*3 11 3
'
92
88
47 a
7-1 Hi
128
K's'l 108% 199
68
68
167
1157
3
21% 21 Vi
•90
08
08
9
......
•120
98H
08V
91
'44
75*4
1
;
7:;'i
1
•21% 26
rear roil
.mre 101*
//..,.•
Friday
A 111,. Id
/>
55
»4 7t
.
107% 108
1
,
7
•..
STOCKS
NEW rOBK si OCK
MAX l.l.
1
Aug.
•21% 25
26
h u
1
"62
Ti\
•92% 93%
78
'.|
Ul
"."•J
96
86
i'ii
Am,.
13
1(1
Wednt
Aug. it
(hit/
1
ri:i
/./;
1
.
.
Al.i ST
Stock Record— Concluded—Page 2
1901.]
17,
AND
iCSTS— HIGHEST
Monday
Saturday
Aug. J"
Aug.
-11
Aug. Ji
• 65
6S
1113
5
'.
4
11
•78
66 a4
404
?120
•20
86
26
20
118
116
1-0
84
95
96
84
03 4
.s
204
!
86
•1
28
20
40''4
.
82 4 S3
f
33
"90
•192 189
32
08 4
SO
28
33 4
00
183
33
09
*
[
1
'
»26
62
as
"
•844 85
*04
'-.
-
*55
1
.'.i
30
21
42
1
'120
4
04
27 4
22
'.i
304
•J
I
21
43
42
42
170
180
4175
175
504 51
•994100
-lei
864
•41
•86
40
86
-41
!
.i
'-
170
84 4
34
844 84 4
S3* 344
33-4
62 4
25
-•11
SO 4
181
127 4
101
•85
28
004
244 24*
80
7
102
45
•35
•80
40
84
•86
95
101
18
•08
*18
•35
*S0
•85
-98
•12
414 424
•100
-20
90
90
•135
140
*904 984
•
38
41 34
•100
"20
*86
•40
76
103
21
38
•33 4 40
•35
40
*80
84
»85
95
'99 101
•12
18
40
84
95
102
18
423b
103
21
92
43
20
-86
774
76
140
904 99
39 4 40
"84
•205
*84
-205
85
208
-4
44
'34
77
140
101
85
207
•3
44
,
-
-32
39
4 154
1 -1
•70' 4
74
89
123.4
124
79* 78 *
18
•55
18
56
414 414
90 4 W->4
•58
•120
•140
60
914
89
15 4
-704 74
-85
89
124 13
-18
56
42
913a
~58
121
140
150
91 a4
89
294
80
3
90
80
20
74
13,835
4,051
Relin'g.
prat
pref
pref
1,500
&
Gas (N. Y.).
s Continental Tobacco
pref
Diamond Match
Distilling Co of America
790
Do
Glucose Sugar Kenning..
pref
International Paper...
Do pref
International Power...
4 International Silver....
39 4
Do pref
4U34 Internat'l Steam Pump
•13
43*
i
110
-204
21
-88
91
Do
Do
__
77
in.
38
16*
74
94
14
82
•3
•0
4
10
20 4
75
4
10
•32
16
•72
•87
18*
814
•70
78
32
•304
•75
"64
-5*
03
•38
64
38
16
4
164
73',
-72
93
--".
134
14 4
82 4
81
433*
92 \
18
20
59 S
121
150
914 924
.Ian 21
.Ian 19
',.1
Jin
7
ll!
Apr 17
80
1
.iiiil
89
8* Apr 23
A pr 22
J'm-M
35
36
89
J'ly
Jan
2
Jan
I"
't
J
150
N-v
•
124 Jan
72
30
loo
Apr
Apr
Mai 191
Dee
ni
-i
88*4
-,
12
1
Vpr
.in,
Nov
104
I
b
F.-b
344
De<
00
J
3
J'ne
»;i
>
.1
-
f.
J'ly
I
Apr
2
30*J
an 24
M-r
.
s. p
9
'
11.
.
•
38* May
88
41 34
10
9
i-eir_'i;
Ian
31
Is-,.. I in
4 Jan
344 J'ne
69 Apr 20
L044J'ne20
85
I.,
954 Mai
Deo
14'.)
107
Mai
Sep ? 98 4
}87
t*
84 4- 11.
L28 Mas L40
22
4
214 Dec
1
1
1
CITY
Hanks
Bid
Ask
VarickU
175
Washlngt'nl 145
We^t Sidelj.. 600
Western
600
Yorkvillell
240
-
BROOKLYN
Bedford^
jBroadwayi;
Brooklyn^
"
225
250
120
Bid
Ask\
BROOK VN
J'ly
-Tan
Dec
Feb
Dec 76 a4 Dec
374- Fnt 544 Apr
140 Jan L88 Dec
Jan
64 J ni
Jan 21 1304J'nel7
Marl 9 142 4 Apr 29
Jan is 25 4J'nel7
70
564 Dec
294 Sep
1
1
Oct 1314Jan
7
114-Fne
21
Apr
183
201
Jau
7 a4
Nov
40 4 Dec
95 Nov
J'ly 22 140 Aug 7
Aug 7 104J'llelS
J'ly 24 33-4 J'ne25
J'ly 12 101* .Tnel'J
54 Feb
3,900
37
11
7
Jan
34 Aug 104 Jan
5
J an 21
15
1
01
22
40
Dec
Dec
28
70
65
90
'-'1
29* Dec
77
4 De-c
May 80
Jau
Jan 100 Jan
04 Jan 18* May
23 J'ne 40 4 Nov
794 J'ne 90 Feb
Jan 18 95 4 J'ly 8
84 Jan 28
350 92
pref.
A mil 5
Aprl6
May 3
Jan 21
Jan 2 103 J'nel7
Marl! 264J'nel2
154 Aug 284 Feb
93 4. I'm- 13 83 Aug 1004 Feb
Jan 7 50 Mar21 32 4 Oct 46 Nov
1,900
24 Jan 3 84 Ma r21 09 4 <>e,t 704 Nor
133 J'ly 15 175 Apr26 112 Sep 175 Nov
1,055 734 Feb 14 109 J'nelS
1,001 30 4 May 9 47 4 Jan 29
25* J'ne 57 Nov
81-4 let 1114 A pr
50,070 95* Jan 21 1204J'ne21
1,266 30 Mar 7 58 Jan 2 32 4 Sep 58* Jan
210 72 4 Mar 5 89 Apr 29 70* Sep 80 4 Nov
195 4 Jan 21 217 Apr 1 176 J'ne .'04 Dee
2 4 Mar
4 Aug
14 Apr 22 54Mav31
10 4 Mar
7*4 Oct
loo
7 Mar20 12*May27
J
27
4 Feb
8 4 J 'in
15,720 124 Jan 22 24 J'nel7
49 Aug 7034 Feb
8,700 554 Jan 21 82 Apr 1
000 26 Aug 9 384 Mav 2
704 Aus,' 9 90 Mav 2
194 Feb S 41 4 Apr 8 174 Oct 20 Not
100 654 -la 11 22 86* Apr 8 59 4 J n< 71 Nov
3 4 -Mar
724
84J'nel3
44 Mai 104 Jan
9,180 494 Mar 7 76* J'ne is 49 Oct lo4 Feb
19 Jan is 42 Apr 20 134J'ne 2134 Dec
l"-b
10 J'ne 96
1,800 12 Apr 12 19*J'nel7
65 April 75 J'nel7 564 Maj 77 34 Fe*»
"
;5;i3
'300 $53 Jan 26 100 Apr 19 (45 Mar
4 ix+y
7* J'ne 19 Jaa
24,950
7* May 9 10* Mav 2
Not
70
J'ne
4
05
82
A
ii15
Mav
69
4
4
20,779
8
100 17 4 Aug 5 84 Jan 2 21 J'ly 4 4 3 Jau
300 55 Apr 8 S5 Jan 8 74 4 Dee 104 4. 4u
107,770 24 May 9 55 Apr 30
77,047 69 May 9 L01*Apr30
300 51 J'ly 12 78 Mar30
500 116 Apr 26 12 14 Man's
160 $130 Jan 11 {160 J'lii'U 120 J'n 140 Dee
Jan
I'll'
13.200 81
Jan 21 1004 Mav
200 81
200 40
pref
pref
May 10
I
Quicksilver Mining
77 4
Do prel
32
Sl.iss-ShetBeld St. & Iron
81
Do pref
6 standard Rope&Twine..
64
i'.-iin. Coal. Iron & li tt...
39 Texas Pacilic Land Trust
16 4 Union Bagtfc Paper
74
Do pref
93
United States Express...
134 uited States Leather
Do pref
20 limed States Kubber
58
Do prel
I
295
130
Maiiuiaclrs'. 285
Meoaanlosl 2 1 5
Mech 6c Tra1 270
Merchants'.. 100
350
Naasan
Nat City
300
85
110
First
050
2110
.
I'nionll
..
300
W aUaboutl
.
1
10
ibo'
1
L05
North
.
175
195
1.
'ontinental
1
;
.
Siik-'
niial'lT'st
V Trust...
oloniat
1
'
213
140
1
>
...
CITY
Atlantic Tr.. 250
arm Lo&Tr
I
Manhattan
..
Utile
..
N. Y.
280
1977
: ;
7
s"
Ask
'575
I
t
5
890
'41*6'
•
1
Bel '1'r'l
sianitardTr'i
Ileal
175
•
700
I.
Trust Cos Bid Ask' Trust to's
MortonTrosI 1175
Bid
BROOKLYN
1275 [375
NY LifeATr '..75
...... Brooklyn Tr 4 25
N v Beo&Ti
170
latbuah
North Amer
A tk
1
-125
725"
hi
Co of Am
Union Trust
8 Mtg«6 Ti
no E
Washington
'lr
1
Klin
nilton
'.,;
270
1
li
210
1
I
rcaante'..
Metropolitan 500
195
205
Bowl'gGreeu
Bid and asked prices; no sales were made on tins day.
lass than loo shares.
t Kx rights,
Sale at Stock Exchange or at auction this week.
s Trust Co. certiiicai. j.
People
I
till
HK)0 1100
uaranty Tr 070
rirk'r
Trust Cos.
<i
t
(
17th Ward':. 125
Bpragne
20th Ward*
Trust Co4 Bid
"lR'tyB&Tr 525
^«lr
-
8th -\Vardll .5th Avenue^ 100
Kings to'
Bid
Banks
BROOKLYN
1.
c
Nov
99
J'ne
1084 Feb 1(1 189 Mav 7 158 J 'in
Jan 18 238 Aprl5 U64 Sep
Jan 4 714.) in 6 21 4 Kay
Jan 2 124 j'nelO 70 May
500
prel
1
1
L
l
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
HEW YORK
.
Mar
26
2
.'i
•56
58
43 4 44
434 44
434 414 434 434 United .Stales Steel
9234 934
Do prel
P2*
93 4
92* 934 93
•58
59
50
58 Virginia-Carolina Chem..
$58
594 •68
59
Do pref
120 125
•121
125
121 121
120 121
\\'ells, Fargo & Co
140 150 •140 150 4145 149 •150 166
> t ust'n Union Tele'gph
924 034 924 934 934 934 98 -
56
3
19
07
70
95
Louis).
National Salt
76 34
4 I'-
Apr 25 304J'ne24
1,700 244 -'an 22 42 Apr 16
84 Mar20
74 J.
National Lead
l)u
Mar28
Jan 8 }l*74Mayl8 111
20
5
D<
Dec
27
16
33
Manhattan Beach.
National Biscuit.
437,
103
103
pref
(St.
Mai
::
21
D(
Angl6
3
li.
04 May 81 J'ly
3,010 183 4 Jan 10 1.094J'ne24 120 Jan 200 Dec.
Feb 16 65 May 2 44 Maj 60 Nov
1,015 45
200 93 34 Mar 5 107 Aug 5 92 Dec 103 Nov
10,240 lS4MaylO 28 Mat-22 14 4 Mai 264 Nov
1,305 69 Jan 21 81 Mar25 68 Mar 75 Nuv
3,000 544 Jan 2 l004May31
24 J'l" 55 34 Dec
&
Do
J
83* Jan 21
27
300 30
prel
Gas
Elec. ol Bergen Co.
General Klectric
raclede Gas
J] 15
12,530 187
8,500 38*
2,800 93 4
720 140-4
Consolidated
Do
Jim-
Hi'
9
1
278 14
Iron
1
Do
26
«.'
'run.sw. Dock<fc C.Inip'l
Col. <fe Hock. Coal
uiiimercial Cable
(
-i
;:
pref
(Colorado Fuel<fc Iron...
Do
8
J
26 Marl'.' 49 4. 1'ne 8
100 73 Apr 17 90 .."Iiell
91,410 129 Augl3 153 J'ne
100 1174Jan 3 130 J'ly 19
Jan 7 100 Apr 13
',94
J'ne §
4,600 99 May 9
137 Jan" 2 150 J'ly 121
100 1 3 4 M arl 5 21 4 Jan 2
20 70 Ma ,22 R2*J'ly 1
7,9oo 37 May
54 4 April!
10 75 Jan 18 228 Apr 15
7oo
8* Jan 19 14* Marl
pref
naconoa Copper
1 Brooklyn Union Gas...
J
ran
Jan
994
224Angl3 324 J'ly 3
834 A u/1 89 J'ly 8
900
4 4 Feb 4
J'ne20
100 22 4 May 3 30 J in 25
\
I
21
May
21
14
31
'•
•184 194 •184 194 •18
-55 4 584 •56
56
56
19*
10
Mai 19
'.'
Jan
6,850
2,790
Do pref
20* 214 Republic Iron & Steel..
754 764
Do pref
284 284 •27 4 29 Kubber Goods Mlg
•9
•734 774 •75
•314 32 4 -304
•78
80
82
" °5*
-64 7
6
614
614 02
62
•32
16
*7134
•87
13 4
8034
10
.s
1
;.
.
American Tel' gh <fc Cable
-American Tobacco
Do pref
American Woolen
84
95
102
18
loo
101
•12
18
43
43
101 102
•204 21
'90
94
43
43
•70
76*4
77 4
32 4
124 134
79*4
4
•74
75
•27 4 29 \
74 4
)>ref
American Sugar Kenning
Do
Jan
i
14 Mar 9
ml 7
10 8.5 Aprlo 91 4 Jan
8169 Jan 12 S205 Mai-jo
L80O 30 May 8 41* Mai 15
530 07 4 -Mar 4 773^
New York Air Brake
•1384140
101 4 North American Co., new
8984 98 4
3
a 1)acitic Mail
40
40
4
404 404
4
eop. Gas-L.<fc C. (Chic.)
11041114 110*1134
41
41
Pressed Steel Car
41* 41*
823,
•83
82*
85
Do pref
-2004 2084 •207 2084 Pullman Company
•84 10
20
204
•82
39
15 4 163j
•70 4 74
144
79*
•3
44
10
20
40
•81
•85
84
101
21
90
43
77
110
1 0934
•84 104 *10
10 4
10
184 194 194 194 194
73 4 74
73 4 74
74
273.,
-27 4
88
284 27
•75
77 4 734 77 4 •74
.•314 324 •31
32 4 •314
'78
•78
82
82
80
-04 7
64 64
«6
3
59 4 59 4
604 Gl
60 34
•32
20
90
43
•76
984 984
40* 394 894
1114 11041114
42 4 424 •41
424
*83
84 4 *S3
85
'205 208 •206 2084
98
40
1094 10841101-424 424 414 414
•
20
90
•414 43
350
7
•33 4
38* 384
•78
424 424
1004 1004 •1014103
10,',
'
•33 4 40
35
40
•80
84
•85
95
•99 101
•12
18
'424 43 4
"7
7
in
Do
I
7
1
American Snuff
I
7
(
ilaina
1
c
lion
4 Jan 2
400 384 Jan 17
hi. v. tr. els
prat. vot. tr. ctfs
.11
4 284
1)0 pref
524 53 4 Ann r. Smclt'g<&
1004 101
21
lav 9
04 American Malting
6
-in
71
tin 21
19
1*
1
400
•27
28 4
53 4
3
Apr
Me)
70
prel
"65
I
-64
ii-<
2d pref
624
I".
prel
24* 27 American Locomotive...
87
Do prel
§00 4
.in
ilaj
600
650
.
m
7
7,
2:1
American Express
American Ice
Do pref
American I. ins. d
69
28
15
A
10*
prel
Iio
10
17
117
189 loo
O.olo
1,676
2,170
32*
'07
•22
•00 4
J
4-1
200
On prel
American Far & Foundry
Do prel
3334 American Cotton Oil
199
191
199
32
18
1.7
140
12
59,260
•
"64
I
200
1
,
,
*64 7
04
•33 4 394 •334 40
(N. V.)...
Rapid Transit.
Do
1
-si
720
I
Miscellaneous.
Express.
algamated Copper...
American Bicycle
\
1
'-i
624
1
20
844
24
83
28.'
\v. v. lr. otfs
VOt li-. Otis.
PaoUlc
11 ~
•3
29 4
27
I.
prel
Do
llii
29*
198
32
22
1
lr. cll.i.
\\'alia»h
'» 11.
prel
Una
Lake Brie...
180
29
199
A
],r<
In.
29*
91
1
ti
\ 1.1.
I
.,,
•»
20
*
n.
,v.
20
i>
Ul
1)00
1
1
V
4J
18
fj
214
i
'"
'
oting
In:
I
"sfo*
40
\
jitcf
,1..
-41
-41
45
40
85 4 854
80 4 •85
80 4
3
129
132* 133
1294133
130 4 1344 133 135
130* 132
•122 127 4 120
125 125
-98 101
"98 101
'98 101
»88 loi
•98 101
98
1311-2 132
•13241334 134 135
1304136'-. -1304 137
131 132
140 145 •140 115 •140 146 •140 145 •140 145 •140 145
-104 19
-104 18
17
•164 19
17
164 164 •104 18
•75
*75
•75
•75
80
80
§77
77
80
80
-44
443j
43 "a 44
444 44 4 44 4 444 44 34 413.1 *44* 46"
'213 218
•214 220 "214 220 *214 220 •214 223 .V215 215
3
•
•
•10
12
10 ,
11
11
11
11
114
'91
*91
98
98
96
90
95 4 95 4
954 964
98
99 4
•123 182 •123 132 -123 132 •123 132 •123 132 •123 132
'184 204 -18
•184 20
20
204 •184 20
204 204 20
•180 l'JO «180 100 •180 190 •180 190 •180 190 •180 190
220 22034 2204 22434 224 225
223*223*
21842184 219 220
•0534 66 4
0034 67 a4
•604 67
00
00
084 684
68
68 '4
•115 1164 •115 110
117 11734
115 110
116 1164 116 117
•140 145 •140 145 •144 145 *
146 140
14434 146
145
-734
*7* 8
«S* 84
8
L
8
84
84
8
74 84
•28
-27
•'.84 304
•27
•27
20
30
•27
29
29
29
*33
33 40
35
•34
38
35
35
•34
35
40
40
249 4 250* 250 2504 262* 253
255 257
2614265
257 261
50 4 57
50
•554 58
£50
55
56
55
55
•554 58
•104 107 •104 107 '103 107 •104 107
101 107
100 106
23 4
21^ 214 214 21* 21* "244 234 24
233.
!8
23
•75 70
70'.
76
77* 77 a4
704 78
77 4 7 " •77
78
923
93
904 004 90
914 904 914
914 92
924 93
4
•41
;*S5
n
nun
Union
3
3
84
4
•6
4 04
64
6
6
271..
-27 4
•27 4 2S
•274 29
504 614 514 513j 514 614 31*
100 100% I004
89* 994 100 100
29
84
1
I
21
.
,
96 4
1134H4
1
oTi
1
|\-j
1
1
30
324 824
684 on
28
62
24
84 4
pref
PSClfil
•194
1
«
13
I
II
•32
89 4
21
193
82* 33
J694 09 4
«28
60 4
*120
22
1
204 204
844
97 4 98
20
19P
191
r
*42
}914
.11.-
1. 1"
I
I
I...
42
I
I
Southwest!
..ale
...
1
-"4
1
loo
•'I'-
1st prel
in.
112 411:
*3
'-_
188
33
68
28
02 4
25
84 v
\
I
<
A. 111.'!"
uUtlll
80
123
20
I
20
29 4 294
)86
33 4 333.,
1
334
8
IS
-3
»834
,
89*
175
185
112 4 113*4
-3
i
4
4
"vis
89* 90
21*4
2 * 21*
394 394
is
8
J184
8*
-504 62
•61
62
88*
214
204 204
-'
4
4
894
4
"
\
:;
"903.;
"'.•7
17*
18S
|iM
.t
.
Do
4
'4
42
170
•_"•..
l
^:,
4 42*
314
•60
80
42
111411 4
1*24
•-•
28
11
284
i
4
186
*3
:
1
184 204
•jo
•175
2
17* 18
L94 184
18
!
'oS
1
'120
20
21
'._.
20*
49 4 494
:
S
.
l.-I
Jl\\
1
"61
29* 304
.
v
Ml
88
80
68
29
57
123
123
• 20
L22
'
-I
I
1
624
644
294 29=»4
844 85 '4
42
424
-JO
A
.1
ll..
1
I
29
61 4
834
404
42
122
1
II
29 4
ill
H
Shan
1
11
.
(.;
(id
'
27
.so
284
.
12
394
394
yOBK
IS
12
lis
28
-MM KM
i.v\
Aug
11
13
ill: J-i;i<
-
S'2
Wfiliu
./in/
J->
1 1
l.nui
W'llluimsb'g. 206
Bauka marked with a paragraph
(H)
are
SUto banks.
New York
Exchange— Bond
Stock
(X (i
mi\i»s
v,
i
Ending ai
k
i
j
Aug
-s-1
Sale
16
Low
U
U
U
\\'l
Jliyh
m
Low Jliyh
Government
s.
.
S 2a oonsol regl itered.dl930
d 1930
S 2S con Mil c.Hii. i. n
s 2a oonsol reg small.
.1
i
06*41
1
2s
.S
U
U
U
ci
Ids', 1O0
Sale
fel918
/,i:ns
s :is reg small bonds..*
s 8a
small bonds. .fcl918
Vs
V s is
on
US 4si
U s In coupon
USB
M907 \H
M907 V
il
,
i
L08
<-i
c
,
1
ins-',
ins
lips,
lll.s',
1
Il2'i J'ly'O]
1
187
137
:,
.i
2
1
Hi
j iv
in
108' 4 ioo>.j.riy'oi
-av 1st K 7s
1936
ohio g Gs ser a../, r.in-
£
1
1
'2
General gold
15 ' 4
il
s
TJ
Government
in cit; ii
.M«x iio
of
a
Alabama
a re /n
(
n
the
0)
class
A
in
l
—
IS
1906 J-J
108
1!mh; J190li •'•
1920 J
107>i.
L02>2.
loo
lurrency Funding is
Disi of Colombia 3*6
1924
Louisiana new consul Is.. 101 J
Small
M Hoi
lt
89 L995
Missoui
North 'ai 'olina consol 48. 111 Hi Jii
'
I
1
I
109
Ang'01
108
lir.i'i
Small
1919 A-
Gs
So Carolina 4*8 20-40
[g
Tcnn new
iii;;'.. :
12
1
L26
.
107
J
<>
109Hs
102
103Hj
126
125
10GV109
13G'.j...
J'ly'01
Mar'00
120
04'.,
'im; -
or,',
1
1
1
og Feb '01
94 14Aug'01
J
See So Ry
laba .Midi .Sec Sav Pla & "W
Albany <fc Susq See Deleft Hud
Allegheny Valley See Pens 1:1;
Alleg & west see
R & r
DOOk cfc m See Cent of J
Ann Arbor Jist g 4s
M995 Q-J
mm
N
S Fe gen g 48...1995 A-O
Registered
1996 A.-0
A;
No?
M995 Nov
ft.1995 Nov
Adjustment g4s
h.1995
Registered
7
T%
1
7 *
'2
9Qi-2
07
98
10334 Sale
103'd
102 >a 103^
97 Sale
94
H:
97
95 101
104 273 101 8 10i
3
28 L02 104
103
97\ 4'- 86*4 99
MaVOJ
94
95
941 119 90
96 34
,
01;
'-j
95
94
Sale
,
May'01
108
,
108
IMS
W
.
NYC4H
95 34
05
95HiMar
iii;;Vi
102
105
,
96
01
95
0734
95H2
!>5Hi
82 99 105
104
JUy'Ol
101 Hi 104
106 102 loo Hi 110
88H2
ttSHi
89 se
9014
5
93
90H2J'ne01
111 May'00
111
87Hi
91k
88 s8 92
90Hj 91
J'ne'99
N Y & Erie
R
cfc
P geu
Debenture Gs
W
See Erie
Sav PI &
118
g 6S...1937
1947
All cfc West 1st g 48 gU..1998
CI & Mali 1st gu g 5S....1943
Roch cfc Pitts 1st g 68.. .1921
Consul 1st g Gs
1022
Buffalo <fc Southwest See Erie
Buffalo cfc Susqu 1st g 5s. .1913
Registered
1913
Bur Cedar R cfc No 1st 58.1906
Con 1st & col trust g 53.. 1934
1034
Registered
C R 1 P cfc
1st gu 5s. 1921
St Llstgug 78....1927
1908
Canada South 1st 5s
NW
M&
2d 5s
Registered
Carb
cfc
Shawn
11834 HS34J'ly'01
111
115
118*4
A-O IOIHi..
J-J
FA
J-D
131
J'ne'01
130
120H. 129
May'01
129
100
Nov'OO
126Hj
12G
A-O
A-O
J-JJ
A-O
130i4
131
10.V.L...
121H2....
A- (J
J-L
IOG'4 Sale
109
inri'sAu-'oi
loiHilOS 1 *
110Hil27Hi
Aug'01
Nov'00
113HiDec'00
123
117
1063
Aug'Oi
Aug'01
im;
110
107
11 105Hil09
107 1-.lll
10G
:,
4
CedRIaF&N SeeBCR&N
U P 1st g 4s.
1048 J-D
Central Ohio See Balti cfc Ohio
lilt
B
of
col
Cen
&
Ga
g 5s 1937 M-N
Cent of Ga RR 1st g 5s..pl945 P-A
Registered
1945 F-A
Cousol gold 5s
1945 M-N
Registered
1945 M-N
pl945|Oct
1st pref income g os
2d pre! income g 5a
pl945 Oct
3d pref income g 5s
#1945 Oct
Mac cfc Nor Div 1st g 68.1946 J-J
Mid Gacfc Atl Div 5s. ...1947 J-J
Mobile I)iv 1st g 5s
1946 J-J
Centof N J 1st cousol 7s. .1002 M-N
19s J-J
General gold 5s
Registered
7U987 Q-J
Dock cfc Impgu 58..1921IJ-J
. .
i
Am
1
Refunding gold 5s
194 JLouisv N A cfc Ch 1st 68.1910 J-J
Chic Milwaukee cfc St Paul—
M cfc St P 1st 7s t g It D.1902 J-J
1st 7s £goldRD
lStCcfc M78
Chic Mil
st
cfc
90
Aug'01
91
IOOHzIOIH, lOlHiAmt'Ol
I20'j Mai'-iH
116Hj119
119
106
78
29
91
107
Sale
30
16
lOGHi 107
96 Oct '00
1
lot
129 Hi Sale
16
106
1 (>:;'_
lot
-•,
99',
5 Ha J'ly'01
129
97 4 108*.
83
36 Hi
21
'00
J'ly'01
'•
112
129 Hi
J'ly'O]
J'ly'O]
J-J
J-J
109
107
IP)
112*Sale 112*
M-N
100*8
F-A
100*100*4 loo*
F-A
'"I
91
92
91*4
Aug'01
Jan'99
112*
May'O)
100*
913j
J-J
J-D
A-O
95
J'ne'00
J-J
J-J
J-J
109
Mai'98
J
..
11 3
-
1
...
103*4
so
Aug'O]
...
ioi"
J'ly'O]
Apr '99
..
Minn
Registered
General gold 4s
Registered
DesM & FtD
.
bi
99
...
ii
..
K
88
89
15
1
04
91* o:;^
J'ne'O]
84*e Sal*
'si>.i""b4H:
107 Hi Sale
100 '2
"idih
15
ioi
LOO Hs Apr'Ol
...
100>4
i
1
'.pr'OO
loo's.
102
>4
1
02 '.i J'ly'O)
115 'a
105 ^
llOHilll
102
>4
'a
10134
114 114
104 '2 107
Apr'Ol
114
1
10)
ly'Ol
1
.
J'ly'O]
lo ...piv'Ol
)10».l
1
13
109 Hi Aug'O]
J'ne'O]
J'ly'O]
1093g.
121 Hj.
112
.
137
.
121
112
A
137^
187H
123
123
115 Aug'00
119Hi 119^
121Hi.
i'2'6"
121
3
122
121
121
112
115
115
127
112 34
125
122
Hi
111
117
111
1
10 106 7e llP-j
... 113
117
1
Apr'Ol
184
184
184
184
180
Mav'01
\ pr'OO
190
181
Jan '01
lloHslU
111
HlHi
.'.'.'.
Hi
Y-
U
12 180
181
-
110 J'ly'O]
105 '2 Feb '98
110
HOHs J'ly'O]
HGHil21
118 34
118Hill8 7 118 34
(,
115 11GP IIOH2
116*8 Sale llGHi
112
131 J4
114Hi
127
11334
J-J
J-J
J-D
J-D
116Hi 113
iie^
llGHi II6H1
115 llGHi 110 J'ly'O]
118*4
121iflMar'01
135 '2 142 Hi 141 3
a
104 4 ....
105 J'iv'Ol
lO-l 3 J'ly'01
107 109 Hi 1 08* J'ly'01
lo?
Mar'00
110 Apr'Ol
*'-A
P-A
M-N
111! Hi
107*4
H7
118
108
116
117's 119
116
ill
117 4 Salt
114's 119 Hi
117H»
1163a 120
113
liO^
116
121*
...
142 'a
104 Hz 108
104 108
139 34
:!
i
108 '4 112
100*110*
J'ly'01
U.U*U6*4
108*
L10*
L08*
L07*a
10-'4
L17*
117
122
123
0839
:
'4
117*
Feb '98
11G
122
-
May'01
113
Jan
ill
J'ne'O]
J'ne'01
..
'01
-
117*
-
.25
122
123
113
111
113
111
'4
111*
120*Nov'00
111*111*
Aug'01
136* 141*
123 127*
143*4143*4
127 J'l5T 'ol
143 34 Apr'Ol
140 Aug'01
1-2
138*8 143
107*107*
107*1
113
12S
113
Apr'Ol
Aug'01
127*131*
12G*132H»
l'JG'sJ'ly'Ol
12G s
10G34 107 lOtii-. 10G34
106 106*4 106*4 J'ly '01
110 112
99 * Feb '01
SG'4 Aug'00
]
110
1
108
Apr'Ol
J
1st 7s.. 1907 F-A
I8t5s....l923 A-O
Chic cfc St L Bee A t ch T & S
O See 111 Cl nt
Chic St L cfc
IO434 108
16 127
137Hs Chic St L & Pitts See Pen
Chic St P Mcfc O con 6s.. .1930 J-D
127 137
Ch St P & Minn 1st g Gs 1918 M-N
112 116 34
J'ne'01
J'ly'01
ibo'uiio'
M-X
& DesM
L10
185* 188
Nov'98
1938 M-X
1st 4b.. ..1905 J-J
1905 J-J
l8t2H2S
1905 J-J
Extension 4s
15 120*4
116
Aug'01
ij-l
116U
Apr '01
!
a-O
117
A-O
A-O 108=8
A-O
1917 J-J
loss J-J
1988 J-J
Illl34
137 Hi J
120"4 120 34
May'O]
J-J
J-D
J-D
18 HGHil22
;
107H3
Q- f
5 llGHi 119
11HH,
116's
184
'
118
111-1 Aug'01
J-J
192] A-o
1921 A-O
cfc
1
103
J-J
J-J
J-J
Debenture 5s
Mo
.
...
104
99
Sab
.
12]
.Vov'OO
102 Ang'O]
103 H2 J
L02
1153s
J-J
J-J
J-J
J-J
J-J
J-J
1909 M-N
Des
40 p
107*.
Apr'Ol
11 7
Hi
1
110
IP;
]
J
19091-M-N
193:5
..
17 106*8 110
1
05* 108
99* 99*
97 Pec '00
111 78 Aug'01
110*112*
139
,134*142
N
...
Street Railway
110* Met St Ry— (Continued)
Lex Av<fc P P 1st gu g 5s 1993 M-S
111
115
98
88*
103
95
1993
Registered
El (Cliic) 1st k 4s.
Met
Mil El Rv & L 30-yr g 58.1926
Minn St Ry 1st con g 5s.. 1919
St Paul City Cab con g 5s. 19.;,
193 7
Guaranteed gold 5s
193,
Third Ave 1st gold 5s
2000
1st con guar 4s
Union El (Chic) 1st g 5s. .1945
Chic 8t40-yr 1st cur 5s. 1928
40-year consol gold 5s...l93G
WS
W
J'ly'01
138*8 J'ly '01.
]134
140*
on Next Page.
107
100*105*
138'4ll0
137
.124
MS
F-A
F-A
101
:
<s
A-O
MX
1101
'106
110
J-J
J-J
J-J
J-J
J-J
102
122* Aug'01
112*
123
101
Oct
Apr'Ol
lll*Jan'01
123
Aug'01
102* 102* J'ly'O]
109*Dec'99
99 Dec'97
J-J
M-N
lis* Aug'01
F-A 118*.
1117*122*
Gas and Electric Light
1203, J'ly'O]
J-D 119
118*122*4
Registered
1943 J-D
llf)*Dec'00
Atlanta G L Co 1st g 5s. ..1947 J-D
91*8 Oct '98
Col cfc 9th Av 1st gu g 5s. 1993 M-S
122* J'ly '01
,124
BosU Gas tr ctfs sf g 5s. 1939 J-J
122*126
119
Registered
993
M-S
1
Bklyn U Gas 1st con g 5s.l945|M-X 119 Sale 119
No price Friday; latest bid and asked this week, o Due Jan U Due Apr e Due May ffDueJ'ne h Due J'ly fc Due Aug p Due Nov
'
102
J-J
Registered
Keok
Oct
1
120
106
Milwcfe Madison 1st Gs.. 1905 -M-S HOHi.
North Illinois 1st 58....1910 Wl-S
108
Ott C F cfc St Paul 1st 5s 1009 M- S
Winona cfc St Pet 2d 7s. .1907 M-N 120 ...
Mil L S cfc West 1st g Gs 1 021 M-N ISO's...
Ext cfc Imp sfund g 5s 1029 F-A 124«a --Ashland Div 1st g 6s.. 1925 M- 8 138H>...
95
Mich Div lstgBs.
1924 J-J 140%...
1907 F-A 104 H
Convertible deb 5s
103H2
1201-j
Incomes
1911 M-N Ill
Chic Rock I si cfc Pac 6s.. .1917 J-J 127i s
1
60
20
8
29H
130
111
96
78%
78
29
95
102
106
A-O
ion;; J-J
Registered
el9
General g 3HiS series B.el989
Registered
el989
Chic cfc L Su Div g 5s.. ..19
Chic & Mo Riv Div 5s... 1920
Chic & Pac Div 6s
1910
Chic cfc P\V 1st g 5s
192]
Dak & Gt So g 5s
1916
Far cfc Sou assu g 6s
1924
Hast cfc D Div 1st 7s
1910
lst5s
1910
IcfcD Exten 1st 7s
1908
LaCrosse & D 1st 5s. ...1919
Mineral Point Div 5s
1910
So Minn Dir 1st Gs
1916
SouthwestDivlstGs
1909
Wis cfc Minn Div g 5s
1921
Mil & No 1st
6s... .1910
1st consol 6s
1918
Chic cfc N'west consol 7s. .101 5
1002
Gold 7s
Registered
1902
Extension 4s
1886-1926
Registered
1886-1926
General goldSHiS
1987
Registered
pl987
..1879-1929
Sinking fund 6s.
Registered
1879-1929
Sinking fund 5s.. .1 879-1929
Registered
1879-1929
MISCELLANEOUS BONDS— Continued
Street Railway
Brooklyn Rap Tr g 5s
1945
Atl Av Bklyn imp g 5s. 1934
BkCitylstcon5s.l9P' 1941
Bk Q Co cfc S con gu g 5s. 1941
Bklyn En El 1st g 4-5s. 1950
Kings Co El 1st g 4s
1949
1951
Nassau Elec gu g 4s
City cfc S Ry Bait 1st a 5s. 1 922
Den Con Tr Co 1st g 5s... 1933
Den Tram Co con g 6s.. 191(1
Met Ry Co 1st gu g Gs.. 1911
Louis Ry Co 1st eon g5s.. 1930
Market St C Ry 1st g Gs.. 1913
Met St Ry gen col tr g 5s. 1997
B way cfc 7lh Av 1st c g 5s 1943
1902 J-J
Pcon7a..l905 J-J
Registered
Sinking fund deb 5s
Registered
Carolina Cent See Scab & Roan
Carthage & Ad See N V C cfc H
Cen Branch
1022 F-A
1949 J-J
1019 J-J
Is
Debenture 5s
A-O
1913
101b
Cent
Apr'97
103
1
See
D
Div3H«
ML
K&T
Buffalo
Buffalo
c
Terminal gold 5s
1914 J-J
General g 4s series A.. el 980 J-J
Atlanta «fc Danv See South Ry
Atlanta cfc Yadk See South Ry
Austin & N
See Sou Pacific
Creek & S See Mich Cent
Bat
95 a4 95 3
alt & Ohio prior 1 g 3 *s.l925 J-J
Registered
ft.1925 Q-J
Gold 4s
&1948 A-O ioi" Sal'e"
Registered
/il048 Q-J
Subs to conv deb 4s
191P
P Jim <fe M Div 1st g 3 *8l925 M-N 88 >a 89 "2
Registered
i>1925 Q-F
Southvc Piv 1st g3*s... 1925 J-J
90
9OH2
7tl925|Q-J
Registered
F-A
108 Hi.
Monon Riv 1st gu g 5s. .1919
Cen Ohio R 1st eg 4 His.. 1930 M
Beech Creek See
Bellev & Car See Illinois Cent
Boone Bridge SeeMu
Bkiyn & Montattk See Long 1
-See
107
'
.
J ly'Ol
Hi
120
121
L07
103
103
,
J-J
5s.. .1902
Denvi
,fc
General consollst5s
193
Registered
1937 M-N
Chicfc foil C Ry 1st 58.1936 J-J
Chicago & Erie See Erie
Chic In & Louisvref 6s... 1947 J-J
ChiCcfc St Louis 1st 68.. 1915 M-S 11534
Atl Knox & Nor 1st g5s..l946 3 D 105
West
'4
19
Q consol 7s. ..1903 J -J
Sinldngfund 5a
L90] A-O
190.". F-A
c<& iowa Piv 5a
t'.ur
Iowa DiV sink fund 5s.. 19 19 A-O
Sinkingfund4a
1919 a-o
Nebraska Extension 48.1927 M-N
135 136Hi
Reglsti red
1927 M-M
Southwestern Div 4s
1921 M-S
9C>" 99*4
96
96
Convertible 5s
1903 M-S
03 'a 06 34
Debenture 5s
1913 M-N
Han cfc SI Jos consol (is.. 1911 M-S
7\ 10^4 Chiccfe E 111 1st sf curOs.P.lirr J-D
Small
1907 J-D
1st consol g 6s
1934 A-O
Cent
I
cfc
ao
L949
1949 A-O
105
105
Railroad
Bruns
1
I
!
8
g
-1 g 5a.. L94] M-s
go K58..1902 M-S
lnml 68..1903 M-N
a-C
Miss RiV li 1st s f g (is. .1912 A-O
Hallway Pt lien 3H28... 1960 J-J
Illinois
Feb
105
1
lo:,-
"oS"
6s deferred certfa
A
s
-
J-l
19
g 3a
.1
J
j-
108
lOO'.jleb'OO
::
- J
J-
Lstered
Stamped
Equip tr series
B 8
KB
1 -J
J J
B V
I
Registered
Mar'01
J'ly'O]
Lug'01
.
J-l
:
settlement 8s..
small
Virginia fund debt 2-3s... i99i|J-
Atch I
1
107V
i:
1992 M-.-
Registered
-nil
ict
i
.!- J
Am
A
All
Refunding
£,.
.
'•'
1
i
&
.
M
1902
Hi"
1
10
1
2
1
eceipts
">
<
Alabama
$5 to
Securities
Small
Class B6e
I:1SS ('
97 >4
Apr'01
96
1899
- 5a ol
i
7ie*e
smie
lot;
.
lPi'WIy'ol
110
116"a
1 20
1939 M-N
B <V A P
2d consul g4fi
Warm Spr \ al
Chic
ii:
104 7i
lol'b
Lil
Craig Valley
L09
J--'
\ '>
a
1
lll'e
113H2
JliijK
/./;
.
Pacifli
J
1
Jliijli
J
.1-
1
1
Low
105
la
I
.1
Jim! K
latconsol K 5s
12
Last
16
A*l.
Gold6e
i:;7'-
i
107
12
i
i.ug'01
L904 Q
1804 U
il
Aug
u
ioiK
L09
1;;
N
1
l:il I,;-
UDtNG Al ' L6
I
lentral of
Cent
i'05 34
.i
s 3a coupon
EH
^~
11. </.-•*
STOCK EXCHANG
10:,',
.
TJ
'
l.e A;
n.-o;
L06 34
108H io7 ..riy'oi
in-
.
i'.\<.i>
BONDS
N. Y.
y/fci
l
i'oi it
May
i
Weekly and Yearly
Record, Friday,
Rang*
Week's
BTOOB EXCHANGE
N. V.
im;
\'\
121*123*
..
103*
2
98
....
110
....
111*112*
110
123 125*
102*105
.
.
,
115
s
119*
Option sale
August
Bond Record— Continued— Page
1901. J
17,
BONDS
Webk Ending
Chic St P M & O
'
..1018 A-d
I lfttBf
t
:
1
.
1
oonsol
1>
a
1
7s... L90S
107
100
J'lj
St
I
I
I
C
A;
I.
M
i
Cairo im.
Cln v. <S
Bt I. inv
-i.
Si
<S
COStL
.
ii. 1.1 ,v
M
Jan
•im
J
Ml
I.
l.i
"alii a
L*
.
1
02
.1
-J
1
'.ii
J'lj -ul
May'99
J'm 01
102
99
100
83
1
1
102
103
,,
h
-ill
'j.ri.v
01
:
101
131*3 131
133
im
iV-i-'l
A
Ul
Sep
129 '-Ma;,
127
'00
Co
Colorado a Son im g4s...l929 FA
Colmii a- Greenv see So Ry
Col A Hook Val See Hook Val
Col Conn A Term See N AConn a Pas Rivs 1st g 4a. 1943 A-0
A Gt so Bee C M A Bt P
alias A Waco See M B
Del Lack A Western 7a.. .1907
Sll',
80
87 a8Sale
82
87
5
J- 1)
Legist ered
1915
Lack A- \v 1st 6a.. .1921
5s
Construction
L923
Term improve 4s
Syr Ling A- N v 1st 78..1906
Del AL- Hud 1st Pa Div 78.1917
Reglsti '-.1
1917
J-D
NY
4
'01
13l»i,
8II0
J'ly'Ol
S7>87*a
78
77
83
87 1 -
i
Alii
A
Sua
12034 Apr '01
121
KiG'a
138 J'ly'Ol
102
l01«sMay'01
139*8140*$ i:;si.., Au.-'oi
140 Oct '98
182
JJ
1 st
1906
Guar
1906 A-O
1906 A-O
cold Gs
sti-ri'il
89 78
RioGrSogu
Mm A Ft D
Des
1
1
1
149
L16
109
J-D
Ill
1
1 9;; 7
M-N
111
J-D 101
90
92
J-D
A-O 115*4
102
91
Aug'01
149
.lllr'01
116
1
1
I
Moniph Div
Lex
a
104 *2
Ul
108
107
112
I.eli
102
91 34
115**
3dext gold4*2a
4th ext gold 5s
5th ext gold 4s
1st consol gold 7a
1st consol g fund 7s
Erie 1st eon g 4s prior. .1991
Registered
115
112
MS
1
J-D
M-S
lsl
.
1st cur Gs.. 191
Green L gu g 5s. ! 9
:!
1
Small
120" 8 Apr'01
118*2U9>s
'01
iL'ir, 121
111
123''.;
107
1
135*4 May'01
95
92 '2
93*4
4 Sale
133 *a 136*2 13G*2Apr 01
63
92 ij
99
99
5
W
A-
M-N
1st g 68. 1910
1st reY 58.1937
2d gold 4*aa
FA
K-A
General gold 5s
Terminal lsl gold 5s... 19 ;:; M-N
000 each.. .1943 M-N
\\;ik A- Ea
1942 J-D
Erie A
FA
Eureka Springs Isi g 6e
i
J-J
1st consoles..
1st general gold 5s
11
Mt Vernon
Sull
is:
Co Branch
Gns am!
1942 A-O
gold6s..l923 A-O
1st g 5s. 1930 A-O
CI1GL&CC0
Are
122*2
107
138
Ill
'
115
123
108*a 108
....
.1
J'ne'01
....
....
137
119
l)si..Aug'(U
109 Oc1 '98
....
-2
136*3 136*s
1
116
123
106
137
108
140
GenElecCodeb g
Or Bap G LCo 1st
No price
126
Nov'00
107*4 Jan '"!
J
108
102
101
107
107';
N"ov'00
»-2
J
1
J'ly'Ol
124
96
'
16
1
07
J
M
125*3
100*2.
.
mi
75
M
110
J
116*3
..
May'01
Aug'01
:
101*3
75
.'..".
115*4118
A-O
72
a
G3*4e)i
x
AP
I
a Mich
118*212.1
J.
.)
1
is
'.j
120
118»4J-24*e
fly'l
LlS'j JTy'O
110
no
109
110
117
Ill
1 2
3
109
.;
]
17
110
.ri\ 'o
116*3
i
M
110*2 110*2
110*3*1
M
,i
Registered..,
v Coal Colatgo g 5a. 1933 j
Registered
983 j
Leh
let guar g4s.. 1945 M
Bi giatered
E1C & X
67
Iv'ol
A-O
A-O
1
111!
los'.,
lll'V
ill
109
109
M
;
I
"J
1
97
gist pf Gs.
Cold guar 5s
1914 A
Leh A; Hud R See Cent of X
Leh & Wilkesh .See Ci-nt uf X
Leroy A- Caney Val See MoP
Long Dock See Erie
Long Island 1st eon g 5s./; 1931 Q-J
1st
90*2J'ne'01
....
"95"ibo"
i
.1
71193]
i
108*2 110
110
Aug'01
65
123
108
X..V97
123
107
1938 J-D
1922 M- s
is
107
'2
1
1U*2
100
Aug'01
119*2.
!ll8*2Mar'()l
101
J'ni-'ol
.'.pr'ol
is.'. '2
lois
NY&QE1 L&P
Paterson
118*2
US
101
102'
155
1st
con
19
•.
i"07»4
Friday; latest bid and asked this week,
•'•»
107
121
ii'6"
lsi
109*2 110
Jan '99
107
Usy'00
112
113
1
us-.
112
Sale
:
ill
.
1
101
113
J'lv'Ol
M
loo', 101
106
116
99
1
116
Apr'ol
'
.111
,
.r.D
.1 _D
FA
130
.'
111
J'ly'Ol
"
130*4
Bale
110
119*2
Hi ....
-
con gold 6a
binding gold 5s
1943
1947
1937
1st gu g 5s. 36
Eq g A Fill 1st -u 2 6s. 905
M11 Fuel Gas let gu g 58.1947
fronton g A K\ 1st 2 5s. .19 19
Utica E LA P 1st st g 5s. 1050
ii.,
istgtl
West in Gas Co colt
d Duo Apr
95
gu g 6a. .1904 M N
2d guar gold Gs
1904 J-D
1
o Due Jan
101
97
&PG
A E g 58.1949 M-S
1st
ChG-LA
'2
Ms
I
1.
-
:
124
J
'00
1-Vb'Ol
as A C
'-2
,114'2
126*4 J'ne'01
96*3 Deo '00
107
107%
I
.1910 M-S
.1995
-J
I]
'
95
.1
El) El 111 1st ei.nv 2 5s.
1st oonsol goldoe ...
107\Deo'O0
125
-j
M-N
A-O
.
10G
102
.1
let
99*s
E H A Nash 1st E Os
D
1919
LCm a- Lex gold 4*38.. .1981
M-N
X o a^ M 1st gold 6s
J-.i
1930
111
Purchase money g 4s. ..19
100
10G
99-
101
..I
.100
IM '01
Unified gold 4s
19 in
Begiatered
1940
Coll trust gold 5a
1931
c.ll trust 5-20 g ls.1903-1918
rh 7s
L907
1!
101
102*4
.'ly'ol
1
123
121
J'ly'Ol
1
j
Ill
R
121
'4
<
1
126
107
1
121
103
loo
Blatoong5a 1935
1st g5a
1927
XorShli 1st eon ggu5sol932 >-3
imisv a Naahv gen g 6a.l930 J-D
Gold 5s
1037 M-N
Y&
1
94
100 107 '4
115*2 115 '2
l'.i
MISCEI1L1ANEOUS BONDS-t'ontiuued 011 Next Page.
Gns iiml Electric Light
N Y G E L HA P g 5s...l9|s
98*2.
d
m-s
j-d
M-S
M-S
A-O
M-S
193J
NYBAM
X
,
J'ly'Ol
10s
',>-.!
1
116»all8 %
|
*
ft
XoV.is
.1
ioi"" .....
M
Unified gold 4s
1949
Debenture gold 5s
1934
Bklyn A Mont 1st g(is..l91
111
94
X
Jlut Fuel Gas Co See Poop Gas
sho
Gold
118*s 115 J'ly'Ol
94
105 ...
105 £
115*4
116*2 J'ne'01
5s
Ed El 11 Bknlstcong-ls
XacGasLoiKt L 1st g 5. .1919 Q
124
90
127
'-2
124"
.;
M
1st consul gold 4s
General gold 4s
Ferry gold 4 '2s
116*2118*2 HSifiMay'O]
J
1922 J
g 5s... 1915 F
C Mo Gas Co 1st g 5s. ..1922 A
Kings Co El L & P g 5s. ..1937 A
Purchase money Gs
1997 A
115
123*8 Feb'O]
LeliVal
1st gitg4'2s.i9io
Registered
1940 J
Leh V Ter Ry 1st gu g 5s. 19-1 A
<
Gas A Bleo Berg Co og 58.1949
113
Nov'OO
.1
S See N S
i.i high Val (Pa) coll
g 5. .199'
Registered 5s
1997
118*2 121
I
.
g4s.„1951
91
102*4
J'ly'Ol
128
127
J
90
102
*s<
'.
I!
1st 5s
PC AC Co
Ed El niuku SeeKCoE h& r
Ed E 1 11 See X Y G & K L i A r
Eq G L X Y 1st cou g 5s. 1 985 M-S
Eq G A Fuel Bee P G A
ilia"
pr'Ol
'•pr'Ol
.1
!
Electric Light
Columbus Gas lsl g 5s. ...1932 J-J
Con Gtis Co See P G A c Co
1923
Detroit City Gas g 5s
Det Gas Co Con 1st g 5s... 1918
mi
101 34.
1951 j1951 j
1951 J-
Kentucky Cent See L A
Keok A Des Mo See C B
i
Ev& T
100*5
.liiV.19
!
g 5s. ..1951
1st
19
90
*
ANY
',11
95
1
I'
I
i
135*4 135*2
L23
104
104
Leh
86*4
98
99
8538
!)3i
M-N
A-O
A-O
.1-
1921
1
118
124
107
101*4
'j'.i
99
82*4 91
98
99
SG'aSale
J-J
1946 M-N
A ..
J-J
MiilRRotX.1
NY Sits
122
!ll6
Sale
sale
cni
Dock A Imp
NY4
11 81.2
M-S
FA
st
ioi"
1
W
1908 J-J
ie
BB
Coal a- RB
Lou
Jan
.121
1996 J-J
gold 5s. 1982
1st go g 5s.....
.193
Jen"
112*2 112'-.
J'lv'ol
111
.123>s 123'4 Mil Ml
107 J'lv'ol
142*2 J'lv'Ol
140
A-O
W
Small
Clue A El
.1
xY
M-N
M-S
111*3
.1
]
AW
Feb'98
112*2 Apr '01
colltr g 4a
1951
Bufl'X
Erie 1st 7a.. 1916 J-D
Butt A- S
gold Us
1908 J-J
YA
'2s
loo'
Jan 00
\i
Registered
1951
St LSoit 1st gu g- Is.... 1931
Ind Dee A
1st g 5s
1935
1st guar gold 5s
1935
hit a Great Nor let g 6s. .1919
1.
2d gold 5s
-Id 4s
1921
Iowa Central 1st gold 5s. .1938
Jefferson RR See Erie
A A- G R See
S
Kal
an & Mich See Tol & O C
1st gu g 5s. 1929
Kan C & Pacilic See
K A T
Kan City Sou 1st gold 3s.. 1950
Registered
1950
Kansas Mid See St Ij A 3 F
I.
i. red
1990 J-J
1st consul gen lien g 48. .1996 J-.I
Penn
1953
1950
1950
Knoxville & Ohio See So Ry
1st g 58.. 1937
Iake Erie
J 2.1 gold 5s
1941
Ohio
1st
North
gn g 5a
A X
Y
1947
1919
1923
1920
1928
1920
1920
ioii-jDi.v,
LS&M
10834 111
102
85
110
fly '01
106
:
KCAMK&n
US'aMay'Ol
East 1st g5s.l941 M-N
San SeeC A
AB
J
1952 a
Registered
I'
Eli/.
is
St L Al- X
Begiatered
Gold3*28
',lll*j
in 100
J'ly'Ol
J'ly'Ol
115*4 J'ly'Ol
115
.
East of Minn See St M Ai M
aatTeii Va a Ga See Bo Rj
Klin Curt A- NO See
Erie 1st ext gold 4s
2d ext gold 5s
A
147*2
112
150S4l63*a
151
151
Feb '01
\r_''.i
in.
'lVx gold 48....
50
117
'"6s
Elgin Jul
(I
J
A-O
1916 J-J
DulRedW A Slatg5a...l928 J.J
Dul So Shore A Atl g 5s. 1 937 J-J
1
ie
101
J
1
& Car 1st Gs
CarhA; Shaw 1st g 4a...
17 -..117^
Ch
.SYc
116
1
1951
195]
gold 3*38
L'hie
17'-..Ma\'01
]02*2 102>4 102*4
....
111 J'ne'01
112 J'ly'Ol
112
102
113 Vi
J
I
Belle v
119*2
17'sMay'Ol
115^
106
>
19
Begjstered
1951 J
Gold 8*aa
1951 .1
Registered
Spring Div 1st g3'-js... 1951 j
1951 J
Begiatered
Western Lines let g 4s. .1951 F
Registered
1951 B
104*8
L40*a
See Rio Gr So
See C R A 1
m istered
2d
103*2 Oct '00
147
1936 J-J
AXW
In s Moi I'ti By 1st g 5a.. 1917
Det M A- Tol See L S A M So
Det & .Mack 1st lieu g 4s. 1995
1995
Gold 4s
Dill A Iron Range 1st 5s. .1937
DesM&Minn
101
J'ne'99
i.12" ii'234 lll'o.riv'oi
112 J'ne'01
i'52i4!!!"! 152*4 J'lv'Ol
151 Jan '01
A Saratoga 1st 78.1921 M-N
1921 M-N
Registered
Del Riv RB Bridge See Pa BB
Denv& R Grist cou g 48.1936 J-J
liuproveiiu-nt gold 5a. ..1928
inn-.Tiv'oi
109
104
M7
107
J
o
\
1
Louisville Div gold 3
1203,123*2
122
Bens
Oonsol gold 4*2S
1201.
117^119
AO
Begiatered
!
lsl
Begiatered
Cairo Brldgi gold 4a
Regiatered
raj '01
134
11G
K-A
M-N
A-O
M-S
M-S
cou gu 7s. 1 900 A-O
101
See So Pac
\
Midland Divreg 5a
Div gold 3s
MS
107
106
J
.1
.1
-
St LouiB
..mil M-N
1871-1901 A-O
191
A I!
as 1999
1999
1948
Begiatered
1st 7s.
guar 7s
.
1
17
II
Tex Cen See So
Registered
Coll Trust gold
Begiatered
Dak
1st eon sol
1
09
I
N
\
lsi ext p
i
\\
Q
i
1st gold 3s sterling
W
7s
S
hi
111
CB
S«
Central
Registered
I.N
81 "a Sale
i
lllnois
lsl
1938 Q-J
Col Midland 1st g 3-4s„ ..1947 J-J
1st gold 4s
1947 J-J
'.
|
k. giatered
95 loo
45 Hi 73
'-.
PaoCn
mi
rm
A- (,Moll
v.
J
.1
l;y
s.
lonsatoliir See
:..nst .t
J
1
I
:
.'
9
1929
5
B
i
nil
Jo
s;
Col a H V
J'ly'Ol
97
65
O
((arietta Si e Penn
Mali. .it Val g 5s... 1938 J-J
1
pt T.
D
I
A-O
\ O
_
Si
>,,
1
A-
Ian A
I
97 1,
GO
|.i
..
H0U8I 1.1
133
1st
r
il*5>a
.1
96
Gl
a
I
\
HockVal lsteonsolg
'
A-O
Apr
RB
J-J
.
.\..i
IS
1
115
129
U\
a
I
Q
-'
11)13
land Itap
l
I
J-.I
i
>
Morris* Essex
I
1
1;
>,
103
1 *
l'.iiii
'..
I
..
102
103
10
Q
.11
Jan
1
.MS
M-N
.fix
,.
,
<
Clcv ,v
Registered
Clev A- Pitta N<«
5H
oonsol 5a
.,
a No l-i ga
tal
99
102
U-N
1990 M N
u
I'd
l»l
II
a s
lar
.
'
i
.,
1*1
Ry
Col Div 1st g la. .19 10
Div lsl g 4s.. .1940
C oonsol Q8..1920
C
1st gold Le
W936
.1
fcl930
<'m S<6 CI con 1st g5s.. 1928
c
a
consol7a
C C
L914
lonaol - hi. tuti.i 7s
General consol gold 6e. 93
it <I
1934
O liul A YV 1st pi &8...<Z19S8
iv. a- East 1st oou4s...l940
1990
Income is
Cl I. or a Wli con 1st g 58.1933
I
A
II
,
1.
Bpr*
\V Val
W
si
.1!
i:
l-i col
-i
I'
118
A P
B
1993 J Ii
-; gold Is.... L039 J
.1
lnv 1st g 4J.J
!
M
Ii
-,,1 glllll
J.J
C
on
llld 1st.
A
is
1
M-N
Cln s
Al
.
D
O
I
-
M-N
\
KCH INGE
nl-s..
M
in
J.J
6
.1.
i
ig
1
High
I.
1
i
OCX
fl
S
-,
.s,i/^
.01932
.1
11 <S
ti
ye or
Sale
Sale
129
J-J
1
|
..
».'li...
An
Hid
Co?i»i
lacousin 1st 6s. ..1930 J J
\\
Cm
Friday
Aug. 16
k\
PA Si
81
i>-
II',
C£
EXCHAJi
v
K.
2
e
Duo May h Due
i-
2 5s 10.
J 'ly
13
A
117
M-S
.1
-J
.1
-D
'
ii'i"
111
J-J
M-N
M-s
10G
-
109
Feb '01
109
J-.l
M-N
k Duo Aug
107*3 Jan'b'i
o
Due Oct
q
Duo Dec
I
t
ill
io'7'*2i'o'f*a
Option sale
Bond IteCOrd— Continued— Page
328
BONDS
N. Y. ST( )( K K X
wkkk
A
(
'
'
1 1
X
(
1
A do 10
BSMoota
-.--
A N;ishv —( Continued
o A M 2<1 (fold 6fl
L980
/.nut
J-J
,1
:
1920 MS
Pensacola Drt gold 6a
Div Lit gold 6l
St
L92J M
2d gold 3a
1980 MS
Kentucky Cenl gold ts.. 198"! J-J
LAN A MAW 1st g lbs 1945 MS
N Fla A S 1st gu g 68. ..1937 K-A
08.. 1921
58.. 1936
Sink fund gold 0a
L A Jrit
1910
1
FA
K-A
Ad
,sv,m'
(1,
Coal
8**
,t
i
191
cull gold 6a
1919
series gold 5s
W
W
1
110
BCR&X
Unified A ref gold 4s. .1 929
Registered
1929
W
Mortgage gold 4s
1st g 5s. 1940
gold Os.,1927
1st extension gold 0s..7il927
General gold 4s
1938
111
1
1
!
J'ly'01
«4'a
32 '4
21
80
25
Nash consol gold
144
119
150
....
S.-'v
126
119
120
103
-1
8
100
Ri
Begistered
of.. .1884-1904
1884-1904
of... 1889-1904
Debenture g 4s.. ..1890-1905
1890-1905
Registered
1905
Debt certs ext g 4s
Registered
1905
Lake Shore coU g 3 bs...l998
Registered
1998
Mich Cent coll g3bs... .1998
1998
Registered
Beech Creek 1st gu g 4s. 1 930
Registered
1936
2d gu gold 5s
1936
Cart A Ad 1st gug 4s.. .1981
Registered
Registdeb 5s
t'oal
To!
R
Lei
117b
AG
80b 90
26
13
88\i
91b
85
23
so
25
A
90
98%
82
*
Sale
Sale
102
100
107
100
b
OR''.,
os.i,
82
82
Sale
105 b 103
1-2
110-%, 11 0H2 J'ly'01
113b 115 114 J'ne'01
122% 123b 122 34 Aug'01
io6bio7 100>4 107
104
....
102b 105
105
....
Ill
....
116
116b
107
J'ly'01
100
107
115
116
May'01
J'ne'01
J'ne'01
U6 34
lie'aJ'ne'Ol
92 b 93
92b
92b
HO^J'ly'OO
22
'-
Stnrlst gn
3s
1
.
113^4 119
98*2
125
94
95
116
Aug'01
Aug'01
J'ly'01
J'ly'01
lOlbApr'Ol
41
102
103b
98
98
90 '4 9978
S7
75
97 100
"99"i00"
13
96 107
99 34 10578
87b 91
J-D
A-O
certs SI, 000
NY AN
140
120
US
115
J'ly'01
Dec'99
....
118b
1 27 b.
104%
107
120
109b
110
W
110
Oct
107b 107b
Sale
203
200
33
100
110
J
110
122b
125bl28 34
121
(ii
107'..
lu6
102
203
195
134 sa
.
.
'
8
.
.
Dec'99
Feb '01
J'lv '01
Feb '01
J'ly'01
Jan
114
110
103bl04
100
100
109 4
107
102
198
195
134
203b
110
110
102
197
136
'()<
Apr'01
104
104
103 b 108
lOlbNov'Us
112 14 J']y'01
132 Mav'01
112b
133
131
131
101 b 102
100
99
Jlyoi
,133
1131% Apr '01
lb
102
973, J'ly'01
110
99
104bl04 34 104b 104 3
103 b J'ly'01
103
.;
72
'1 34
Sale
106
127
121b
Ill
115
100
106
723s J'ne'01
h
09b
72% 72%
99 34 J'ly'01
99 34 102
131 J'lv 01
132 J'lv -9'.'
122bKe'b'01
112 J'ne'01
100 J'lv '01
122 b 122 b
!;iiibii7
72
131
,102
75
Sale ilOO
131b
106
uisbiio
HSbJlv'Ol
112
95
109
103 b
103b 106%
": ;t
88%May'00
88b
H2b
iofbiofb
107bJ'ly'01
101
1937 A-O
J-J
J-D
IIO1.1
132 136
131 133b
131 133
30 99 b 104
100-\ J'ly'01
M-N
M-N
F-A
F-A
F-A
F-A
J-J
J-J
J-J
104b 108
107
1077s
1083s 110 34
lossg J'ly'oi
101 !4
94 b 95
93
95
108
104 J'ly'01
1 05 14 May'01
109 b Sep '97
ll03i„Apr'01
|102'-4 Jan'01
101 Axig'01
102 34 Aug'99
95
95
97 J'ly'01
94 4 Aug'01
96 Mar'01
111 Mar'01
106 J'ne'98
109bl09b
104 106b
105
106 3
4
102 14l(>4' 8
102i4 102 14
101 1033s
16
95
99
94 b 97 b
9378 97b
90
97
111 112b
116
112
112b
109
108
111
105
Dec'OO
102
105
J'ly'01
112
b J'ne'01
Dec'OO
Apr'00
loob Oct
109
-
Oct
100b 102
110
107
112
111
111
ill
09
1
HI
114
111
Aug'01
111
115ft
m
no
J'ne'01
117
I05bl09
N
101b
J-J
55
101'-. 20
Nov'OO'....
.
Coal and Iron
Col Fuel Co gen gold 08.. .1919 M-N
Col FA I Co gen s f g 5s.. 1943 F-A
De Bardel C A I See T c A
Gr Riv Coal d.- CIbI g (is.. 191 9 A-O
Friday; latest bid and asked this week,
a
Due Jan
101
A Clear A
2d gold 5s
Pleas Val Coal
102
Xov'00
114bH8 3
100
4 J'ly'01
118
97
May'01
.
130b Apr'01
130bApr'Ol
134
130
117
4
116bll6b
;,
.
.
.
106b 100b
97
99 34
136b 138b
135
130
'4
Apr'01 ....11128% 180%
RochAPitC A
106b
!
I
58.1926 J -D
1920 J-D
1st g8f 58.1928 J-J
Ipurm 5s. 1940 M-N
1
106bFeb'01
...
ioebioob
Aug'01
...
90 34l08
103
I
1st g
Sun Ck Coal 1st g s 1 6s. ..IS] 2 -D
Tenn Coal T Div 1st g0s.«191". A-O
Birm Div 1st consol 6s.. 1917 J -.1
Cah C M Co 1st gu g Os. 922 J-D
I
95
b Jan
'97
107
80
105
May'97
May'9
Oct '00
1
.1
107
110
109
J'ly'01
106
108b 109
Aug'01
102
F-A
J-J
Amer
Am
e
8
on Next Pace
DeBarC A I Co gu gOs.1910
WIlLE APCColstg5s.l919
101bl04b Manufacturing A Industrial
03
Oct
HObFeb'Ol
129
7(1912
I
J'ly'01
122 b 120
'00
121
114bJ'ne"01
114 J'ly'01
A-O
Jeff
117
115b
110bll4b
102 Nov'98
122 b Apr '01
.
1912 J-J
3d 7s
'00
'99
llObJ'l.v'oi
NAC
J'ly'98
loobM.iv'or.
112
Series C 3bs
Series D3bs
Erie A Pitts gug3bs B. 1940 J-J
Series C
1940 J-J
Bdge gen gu g4b-s 1945 J- J
P C C A St L con gu g 4 ^s—
1940lA-O
Series A
Series B guar
1942 A-O
Series C guar
1942 M-N
Series D 4s guar
1945 M-N
Series E 3b guar K....1949 F-A
Pitts Ft
A C 1st 7s... 191 2 J-J
2(17s
95
J-J
J-J
105
101
112
,107
M-S
A-O 122
A-O
J-J 120b.
A-O 121 34
1948 M-N
1950 E-A
W
J-D
J-J
A-O
M-N
1st s fund g4bs.-1917
Sink fund subsidy g 0s.. 1910
Peiin Co gu 1st g 4>2S
1921
Registered
1921
Guar 3bs coll trust reg.1937
C St L A P 1st con g 5s. 1932
Registered
1932
CI A Pgen gug4bsser A. '42
Series B
1942
1
No price
Apr '9!
loi;7g
1st g 58.1930 J-D
OmAStLlstg4s
1901
Ore A Cal See So Pac Co
Ore Ry A Nav Sec Un Pac
Ore RR A Nav See Un Pac
Ore Short Line See Un Pac
Oswego A Rome See X Y C
O C E A St P See C A N W
Coast Co 1st g 5a
1946
Pac
ac of Missouri
Mo Pac
126b 130
111 116
109bMay'01
See T C I A R
Clearf Bit Coal See
YCA H
Col C A I ext 1st con g 68.1902 F-A
*
113
100
Xor Wis See St P M A O
Xor A Mont See X Y Cent
See C C C A St L
OInd A
Coal and Iron
1909
,119
2 127
131
131
i!
PAX
104bJ'ly'01
107bJ'ne*01
.
108
J-I)
4bs..-1950 M-N
MutUnTel s fund Os... 1911 M-N
1904 J-J
Northwestern Tel 7s
off
102
3
.1
1
124 b l22bM»y'0]
120% Aug'01
120
117b.
M-S
M-S
Panama
M-S
M-S
M-S
J-D
real est g
Coupons
1
Ma-, '01
M-N
AWW
A-O
MutUnTelCo SeeWestnUn
N Y A N J Tel gen g 5s. .1920 M-N
5s. 1909
Aug'01
102
,S'ee
.1
gu g
103'..
J-J
J-J
X Y O & Wref 1st.g 4s.. <7l992
Regis 85.000 only
71992
X Y & Put See X Y C A H
ifYAR see Lone island
X Y S & W See Erie
X Y Tex A M See So Pac Co
N
-!....
Cable Co 1st g 4s. .2397 Q-J
2397 y-J
Registered
J
Erie T A T col tr g s f 5s. .1920
1st s 1 g5s
1918 M-N
Met
A I Oev Co
vis"
j'ii'e' iii
.
103%.
134
Xor & South 1st gda
1941 M *
110 34 Norl <fe West gen g Os
1931 M-N
Improvem't A ext g 6s.. 1934 F-A
114 117
New River 1st g 6s
119b 125b
1932 A-O
25 100b 109 b
A Ry 1st con g 4s. 1990 A-O
Registered
190i; A-O
103 110
CC& T 1st gug5s
1922 J-J
ScioVAN Elstgu g4s 1989 M-N
100 100
Xorth Illinois See Chi A X
Xorth Ohio See L Erie
106 107
Northern Pacitic
113 115
is 114 119
Prior lien ry A 1 gr g 4s. 1997 Q-J
Registered
114bll6b
1097 484*4 BO^
General lien gold 3s
02047 Q-P
Registered
052047 Q-E
C B A Q coll tr 4s See Gt Nor
St Paul-Dul Div g 4s
1996 T -D
Registered
1996 J-D
St
P gen g Os. ...)923| F-A
Registered certitic's. 923 Q- F
St Paul A Dul 1st 58
127bl32
1931 K-A
121 130
2d 5s
1917 A-O
1st consol gold 4s
87 b 90?8
1968 J -K
96
Wash
Cent
st
1
1 94S Q-M
94b
g 48
110 110 34 XorPacTerCo 1st g 6s. .1933 J-J
100 101b Nor Rv Cal See So Pac
1
HI
117»9
117
Apr '01
.
M-N
107
126b
126b
121b 113
108b Hi'-i
2
1
General gold 5s
Comm
Col C
12«"
120'-.
1
X
W RR
114
120
109
10b Mar'01
110 Mi'.r'o!
LOtfbNor'Ol
<fc
hio River
126bl28
Ob
,
117'h.Mi-.>'o:
1940 J-J
Small certa $100
Housatonic It con u 5s.. 1937
H <fe Derby eon g 5s.. mis
E 1st 7s
1905
1st On
1005
X Y A Norl h .See X Y C A-
MISCELLANEOUS BONDS—Continued
Cah Coal Min
109
109
. 1
12914 J'ly'01
.
II
Ills.
111
miol J-J
1989 J-D
latered
111
s
1 1 2
i.ng'01
122 b
Telegraph and Telephone
Fd and
L12b
127bNov'0l
Oswe<fe K 2d gu g58...el91fl P--A
It 1st gu g os.l'.llslM-N
UticaA- Rlk liivgn g4s,1922 •' -J
N Y ChioA st L 1st g 48.1937 A-O
Registered
1037 A-O
X Y <fc Greenw Lake See Erie
II
J'ly'01
901-2 J'ly'01
112*HA'igO]
'.
Q-M
XYAilar See X Y C A II ml
NYLack&W See D L & W
X Y L E A \v See Erie
II Ob 11 8b X Y A X E See N Y X H & H
X YX
97 105
liar 1.si reg 48.1903
1
J'ly'01
IOO^r Nov'99
Mar'01
107
2
I08b
<fe
Corp—
NoWestnTeleg See West In
West Union col tr cur 5s. 1938
Ms
1931
1981
g
M-M
N Y Harlem g 3ba...2O0O
P.egisti red...
...20110 v.N Y& North 1st g 5s.. .1927 A-O
BWAOcon 1st ext 58.A1922 A-O
I
102
100
100
1
107'.,
I
1
gnc5a.ll
4s
Bat C
1
F-A
1
JiujIi,
".
J'lv '00
1O0»4
.1112
HO - 107
U2bil3b
1
f
1>>7'-..
1
119
108 "a Apr '01
98 Apr '01
lstsf intgug4sser A 1940 J-J
TAT
J-J
D
1908 J-D
L997 J-D
L997 J-D
6s
6s
82 4
Jtillh
10.1
f
"'
Hong*
l§-5
i.r
i-l-
La*'.
10
04 b
107
Million C'l 1:1; 1st 5s. .1934 J-J
PlttaMoKA Yl8tgu0s.l932 J-J
2d guar 0a
1934 J-J
McKi aA BY lsi g8a 1918 •' J
Mich Cent 1st consul 78.1902 M-N
1902 M-N
1st consul 6a
27
Aim
F-A
2:
Hon A
in/
I
A-O
*-0
7s 1903
'1
Convnt deb
125
J-J
1903 J-J
199 J-J
199 J-J
Begistered
Gold mortgage 3 bs
teri
K;i A.
ill'.»
J
1
-lend
,il
M-S
;,
112b
I7bl47b
122b
I23bl23b
147^2 Feli'O',
104 12Aug'01
Q-J
J-J
5a 19 12
1991
-.
.1
lo:,'., Kl.'.'.i
22 »8 301
122'- Fell '01
isJOb 117 Miiv'Ol
LAX
New HAD See X Y X H A B.
N J Juno BR See N Y Cent
New A Cin Bdge See Penn Co
N O A N E prior lien g 6s pl915
N Y Bkln A Man Bch See. L I
NY Cent A HR 1st 7s. ..1903
ft
':
ohm
nor I: gu Isi 4s... 19HH
\:<
Registered.
N Y,fe P11 1st con gug Is |993
Nor A Mont 1st gu g 6a 19K
^^'|.st Shore
..2301
-ii
1
N
Del
12
119 J'ne'01
isib 123^A]ir'01
M-S
1st
5s
1928 A-O
Jasper Branch 1st g 0s..l923 J-J
McM
A Al 1st 6s. .1917 J-J
Branch 1st 6s.. ..1917 J-J
Nash Flor A Shef See
MW
TAP
km
w<
st
i
Hid
RW&OT
128%
W
A StL 1st 7s.l913
1
16
o.
1
c-
-,,-,,,
'
.
12
II
b
i-v.
<
Mill 1st
103b inf'b
'.invriy'0!
103' M Apr'00
86 .1 Iv '01
25 J'ly'01
105 Mny'00
J-D
J-D
Mohawk A Mai See X Y C A H
Monongahela Riv See B A O
Mont Cent See St P M A M
Morgan's La A T Sec S P Co
Morris A Essex See Del L &
Bitum
1
MS
4s.... 1931 J-J
i
,\
•
Hci-'isiired
MS
J P Morgan A Co ctfs
Montgom Div 1st g 5s. .1947 F-A
Clearfield
10
1945 J-J
Mob Jack A K C
Mob A Ohio new
Debenture 5s
Qoni
111:
a-
I
•=:
-i
A
Chat
1
102
bl
100
10 1^
10 lb
88*6 Sale
223b sale
Verdi
A 1st g 5s. 1920
Miss Riv Bridge Sec Chic A Alt
Mob Birni prior lien g 5s 1945 J-J
gn g
1
126^
W
M
LA Cairo
Mar'01
100
102
M
St
in
.
85b Sale
An
A-O
MS
M A Plst5sstpd4sint gu 1986 J-J
S S M A A 1 st g 4 int gu 1920 J-J
MStPASSM oong4intgu'88 J-J
Minn Un See st P M & M
Mo Kan A Tex 1st g 4-. ..1990 J-D
2d gold 4s
01990 K-A
lstext gold 5s
1944 M-N
Boonev Bdg Co gu g 7s. 1900 M-N
Dal A Wa 1st gu g5s... 1940 M-N
K A T ol T 1 st gu g 5s. 1942 M-S
Slier 8h A So 1st gu g 68.1943 J-D
Kan C A Pac 1st g 48...1990 FA
Tebo A Neosho 1st 7b.. .1903 J -II
MoK&Elsl gu g 5s
1942 A-O
Missouri Pacitic 3d 7s
1900 M-N
1920 M-N
1st consol goldOs
Trust gold 5s stamped. al91 M-S
aioi? M-S
Registered
1920 F-A
1st coll gold 5s
Registered
1920 FA
Leroy A C V A L 1st g 5s 1920 J-J
Pac R of Mo 1st ex g 48.1938 F-A
2d extended gold 5s. ..1938 J-J
St L IrM A Sgen con g 581931 A-O
Gen con stamp gtd g 5s 1931 A-O
VI
1
.
ii'ibiio'
2d income gold On B...M917
North 1st gold On. ...1010 J-D
1910 J-D
Registered
Mich Cent, 8** X Y Cent
Mid of X J .VccI.m
Mil 1, S A
See Chic. A X
Mil A Mad See Chic & X
Mil A Xorth See Oh M A- st p
Mil A St P See Ch M A fst I'
Minn A StL 1st gold 78..1927 J-D
low;, Kx 1st gold 7a
1900 J-I)
Pacific Kx 1st gold 6s. ..1921 A-O
Southwest Kx 1st g 78.1910 J-D
1931 M-N
1st consol gold 5n
1st and refund gold 48. .1949
See
;ir,',
112
Mex
L gu
12'0'i
i.m.im.
1.
,,;
Hob A
10;->'.,MllV01
AllL'
St
V c,
Week
'eek't
J-rirr
\x<
i.'.'li
Gold 8ba
con g4s. 1977
Mex Internal
Mcx Nat let gold 8a
1927 J-li
2d inc On A op Btmpd..M917 M-S
1st
Minn A
119 Jg
.
104%Salo
An
1
"2d
Wei
N
l,
1990
Metropol El 1st g 6a. ...1908 J-J
Man s \v Oolonii g 6s.. ..1984 J-D
McKpt A l« V See X V Cent
Metropolitan i.i 8u Man Ky
.f-J
Mcx Cent cons.d niilc! 48
lHt oonaol Inoome g Sa.a L989 •I'ly
'2d oonaol Inoome g 3a.. a 939 J'ly
A
J I ill h
Dei
1-2
08
L8 AM8
Registered
BTOCK
N. Y.
1
Lake Shore consol 2d
anhattan Ryoonsol Is. 1990 A-O
Equip
mini
Jiu,
U
1
Bdge bogu g 4n. .1946 M-S
LNA.t
Malum
1V-.
120 1| -inn 'oi
~3bl 88 b Oct '00'
100 Ang'Oll
09 %.
L0>aMar'01
109 Hi.
115 May'Olj
ill
113 Apr '01
113
ill
111
112
.-
ivns A All 1st gu g
S A X" Ala ('(in gn g
20
Its'?
High No LOW
115
..
1-
Sale
AtklLow
Hid
Loulsv
N
Sa/nge or
AMU- '6
[Vol. LXXIII.
BOND*
Sang*
Sin
W**Vt
J Viet
J-'riilml
3
Bicycles f deben 5sl919jM-S
Cot oil ext 4bs
1915 Q-J?
Due May ^DueJ'ne /iDueJ'iy
p Due Nov
80
105 Feb '00
103% J'ly'01
32
Jan
75
J'ly'01
Option
sale.
I'ioo*
110
112
104b
'00
100b Aug'01
x
104
105
75
99
82
102
Acoust
Bond Record— Concluded— Page 4
11)01.]
17,
BONDS
u
KM
STOCK
N. Y.
ik
i
l.
mum;
Kt
real
'II
ai
\\c
1
Ml
g-ls
L923
L905
M
Consol sterling g 6s
Con currency Bareg... 01905
1919
Consul gold ">s
isleled
lil
•-
,
1
VNJ
I
Sm
i.,m
.'.
Peo a Pah in
gold
2<i
CCOd
81
a P m
ut on
1
1
a
us
:
No
High
inithern P»<
..,,
Div
lsi
lsi u n
ii
M
9'
No>
102
M
j
106
117
.1
M
112
Jan
117
Ma] 90
112
til
\
ran
M
on
loi
184
r.'7
114
114
Hi
'01
.
133'-,
i
112
111
MIC
J'ne'01
n
Kl'.l
l
A
107 V Oct '98
Nov'98
121
119 4.
90
J'ne'99
100
LBVJ'ly'Ol
88 J'ly'97
89 J'lv'oi
100 Aug'Ol
119V
121
95 V Sah>
I13«a] is
101
,T-j
102
A-O
88
105
A.-0
J-D
97
98
l-ji
Apr '01
101
101
V
23
90
90
88 78 Sep '00
105 Feb'01
loo',
1
_• 1
-.
'".I
Ala
Celt
All
All
Col
.t
98C
Sil'.;
I
90'.,
i
105
M
92 V 94 V
Rieli it
J'ly'Ol
89V
98
Virginia
A-O
J-J
95
j.j
J-J
FA
130
11G
100
A-O
A-O
A-O
111 Ang'Ol
114 1eJ'ne'01
114 18 May'01
125
125
115 Aug'Ol
102 k! Oct '00
111 112',
11134
111 Ill's
100 May '01
100 Apr'Ol
10234 J'ne'01
100 J'ne'00
9114IO2
86 100
97 10234
125
97 ^ Sale
76 V Sale
138
113
HOV.
103V.
107
J-J
J-J
J-J
J-J
J -D
138
142
121
Sale
'".'.'.
l'i'i"
J-D
AC
A-n
M-N
M N
119
120
Feb'01
lose 111
107
Kov'00
109";
losV
J-.I
110
112
1
I
763s
'-,
FA
MS
110
109
;
-
J
llo
112V
April!
no
llo-v
loi',',
N
.I-J
L16V
L09
Apr'Ol
116
109
120
88
Mar'ol
L20
J'ly'Ol
120
95 V
121
.1
117
121
riy'Oi
J
I
J-J
121
33
l'n;
V
11
.
116 V Sale
J.J
110 V
.l-J
ills"
96
1
8
1
:1
4
US
MS
1
1:1
126
124
121
U7Vj'lv'ii!
113
118V
114V 114*e
20 V
1
113V 116V
111-,.
01
L28
J'ly'Ol
12 1V 129
121
124
j> n(
I'-'s
126»4 126
121V 123
V
lOlVJ'ly'OO
111V
110
1
83 Deo'00
os v Aug'ol
lie;" lib""
Oof '89
102
109
1920 M-S
111V
109
111 VJ'lv'i'l
•
4-5s.l921 M-s
Jan '89
1931 M-S
1930 M-N
FA
91
1st cygu4s.. 1924
1st con
68.. 1914 J-J
186V
Stat IslRv 1st gu g4Vs..l943 J-D
sttnb A Lew- See Penn
A Nor 1st g 6s.
1
410
116
116
116
M-N
1831
118
116
VSep
113
115
116
116
116
120=8
'00
120=8 J'ne'Ol
939 J-J
117
J'ly'OO
116
Mar'01
RR
SvraBingANY SaeDLAW
'PeboAN SeeMK&T
erAof St List g4V-s.. 1939 A-O
St
L
116
112 >i
18941944 F-A
1st con gold 5s
M Bge Ter gu g 5s. 1930 A-O
TolP A Wist gold 4s. ...191 7
LI334H6V Tol St L A pr lien g 3 Va.19 2 5
50-year gold 4s
11C.VH6V
1925
116 120V Tor Ham A Buff 1 st g 4s h 1 94
108 107V Ulster A Del 1st con g 5s 1928
W
.
lot!
2
J.J
spok
Falls
\|.i
„
nPacRRA
106
106VH0
Igrg4s..l947
Registered
Istlien convert 4s
118 V Sale
1
115
113
....
....
99
92V 95
J-J
J-J
A-O
J-D
J-D
110 116
n.-,'4iiov
115 115
104
Feb'01
104
118V
loo
90
Aug'Ol
ill
114
114
104
L15V120V
US'..
liovm
j'ne'01
114
1
J'lv'oi
108V
108V
"S
93
93
"i
97V J'lv'01
91
90V
90V
S3",
xi'-i
81
117V
113
113
103
85
115 V
108 V
80
94
92
,
ss
73
99
10
5
98V J'ly'Ol
98 V.
JJ
s:,' a
L06V108V
IOO'-j
104 V 105
1"",
10 IV
9
103 V
104
L0634 j'ne'01
105 V 107 '4 1744 103
10
110 Apr'Ol
102=8 102=s 10 llll'l 1
125
125 V
6 25
117 34
i 115
H8=8
100 Jan '01
106
17
LlTVJ'ne'Ol
113 Mar'01
113
110
Aug'Ol
1
10234 103
125 Sale
11778
"
1
1
113
V
100
108
M-N 100=8 Sale
Ore Short Line Iatg6a..l922 F-A
140
132 140
1st consol g5s
19 in J-J
115
Non-cuminc A 5s
fcl946 Bep
121
121
Utah A Nor 1st 7s
1908 J-J
121 122
Gold 5s
1926 J-J
Uni N J RR A C Co ,S'e<> Pa RR
120 Apr '99
Utah Central See Rio Gr Wes
tab A North See Vn Pacific
Utica A Black R See N Y Cent
10 104 111
\T er Val 1 nd
HI
111
See Mo P
* irginia Mid
See South Rv
1939 M-N
110V110V Wabash 1st gold 5s
110V Aug'Ol
2d gold os
126 V Jan '001
1939 F-A
Debenture series A
123 Dec '99
1939 J-J
Series
9434 Feb'01
i'l'i
94
1939 J-J
B
Det A Ch Ext 1st g 5s.. 1941 J-J
106 V Feb '01
106V109 34
S7
DesMoin Div lstg 4s.. 1939 J-J
87 Jan '01
87
StChas Bridge lstg 6s. 1908 A-O
91 s8 J'ne'01
91V 91=8
Wash Cent See Nor Pac
Wash O A
104 34 Feb '98
See Southern
WestN
Pa lstg 5s. .1937 J-J
gold 3-4s
1943 A-O
Income 5s
dl943 Nov
West No Car See South Ry
West Shore See N Y Cent
\V YaCent A P lstg 6s. .1911 J-J
Wlieel'gA LE 1st g 5s. ..1920 A-O
9r."nl0lV
99V
99V
Wheel Div 1st gold 58..1928 J-J
913.;
86 V
92
39 83
Kxten A Imp gold 5s. ..1930 F-A
85 Nov'99
l8tcon8t)l 4s
111 J'ne'01
1949 M86 111
mi
101
100 103'., Wilkes A- East See Erie
Wil A- Sioux F See St P
99*8 J'ne'00
AM
83 V 89V Winona A St P See C A N
87 58
87 34
Wis Cent 50-yr 1st gen 4s. 1949 J-J
Mar'01
98V 99
103
OreRyANavlstsf gOs 1909 J-J
Ore Ry A Nav con g 48.19 L6 J-D
Apr'00
Mav'Ol
Apr'97
,
1947 J-J
191
115
lieVMay'Ol
,
:
107
106-V
129
110
105V
130
121
106
119
113
1
92V
81
W 1st gu g5s....l'J41 J-D
J-J
929
D
fci929
•
n
AW
118
113
.110
'
61
1-2
Sale
108- '4
118
118
107V
llo
98
,
9S '4 Ma'.
no
'0
;u
II2V
98 J'lv'01
00 V
62
70
111
L1034 j'ne'01
110
120V
117
1
j'ne'01
110
95
110
111
119
95
81
122
100
40
93V
112
W
cm
98^4
99 k
9l\ 92
A.-1949
gu g 4s 1949IF-A
1849
A
A-l
10H
01
01
l\
I
108V111
O
110
119
A
Tex A N O See So Pac Co
Texas A Pacific Ry—
E Div lstg 6s
1905 MS
1st gold 5s
2000|j-D
or,i 4 101V
2dgoldinc5s
72000 Mai
La Div B L 1st g 5s
1031 J.J
71
82V
Tol AOClstgSs
1935 J-j
Western Div 1st g 5s. ..1935 A-O
1935 J-D
118VH8 7e General gold 5s
139 142
Kan A M lstgu g 4s.. ..1990 A-O
97 V
97
76
128
Seabit Koa 1st 5s
1926
Car Cent 1st con g 4s. ..1949
Sher Shr A So See M K A T
Sil Sp Oca it G See Sav F A W
Sod Bay & So 1st g 5s
1924 J-J
So Car A Ga See Southern
Southern Pacific Co—
2-5 year coll tr g4Vs
1905 J-D
Gold 4s (Cent Pac coll). &1949 J-D
3 Vs..
il)S
A O
H4V
1
118 7eFeh'01
139 J'ly'Ol
137 3*Feb'99
114 J'lv'01
116 >s Apr'Ol
116 J'ly'Ol
lOS^J'ne'Oi
106 May'01
107 J'ly'Ol
115V.
W
Registered
An
N
g
SAN Ala
SeeLAN
U2V UB
J-D
g 4s. .1918
See Nor A
Registered
MidserD
E 5s
F 5s
C
.
Mort guar gold
.1
112
109
g 68. ...1916 J-.I
sink fund g 5s. .1909 M-S
WO
AW
West
112
112
112
125
114
114
M-N
M-N
M-N
gugOs
1st ref
113
:
J-J
5s..
General 5s
Guar stamped
W
N
1
J
J
Dan con
Series
1st gold 5s
1934
St Jolin's Div 1st g 4s... 1934
A la ill 1 st gu gold 5s .. 1 928
Bruns A
1st gug4s.. 1938
<fc
,
137
.1
1927 A-O
Deb 5s stamped
Rich A Meek lal
48.. .1948 M-N
So Car A Ga 1st g 5s. ...1919 M-N
95
95
StPAS'xCity .VeeCStPMAO
SFePres A Ph 1st g 5s. ..1942 M-S 108 111
S A A A P See So Pac Co
8 F<fe N P 1st sink I g 5s. 1919
UOV.
Sav F A
1st gold 0.S....1934
129
Cent Pac
1
A O
J-J
1st 6a
Yait Ga Div g
COD 1st gold 5s
Ti n reot lien g 5s
A-O
1937
1937
1937
1937
WiU A S F 1st gold 5s. .1938
Registered
1938
St P A Nor Pac See Nor Pac
A
J
1918 J-J
1st glis
A Greenv
.Series
Registered
1st guar gold 5s
Registered
Registered
11
Danv 1st g Is
1948 J-J
A Yad 1st g guar 48.1949 A-O
J.J
19:17
G gu
R
O
\
A c
I
1st gold 4s. ...1948 A-O
Registered.
1948 A-O
Minn Union 1st g 6s
1922 J-J
it
S
1916 J-.I
1930 J-J
1950 M-N
1938
1938 M-S
tered
1922 J-.I
Ga Far By 1st glis
<>S...1!I25
J-J
Knox it OlliO 1st g
EI
Nor Div
W
1
'
1
82
TRRAnlSH.
ANE
1
Equip
M A Man
Sp Oca
....
'
''
J-J
48.1912 A
1
92
105
82*8 J'ly'Ol
92 34 J'ly'01
J.J
J-J
2d Os... 1909 A-O
1st consol gold 6s
1933 J.J
Registered
1933 J-J
Reduced to gold 4*38. .1933 J-J
Registered
1933 J-J
Dakota ext gold 6s
1910 M-N
Mont ext 1st gold 4s
1937 J-D
Registered
1937 J-D
E Minn 1st div 1st g 5s. .1908 A-O
Registered
1908 A-O
Sil
,,1
;*•_ -.
93',
A
Scioto Val
lsi g
I
VMai'oi
95 V
85
92
j.j
W
M
1
it
1
i
See Illinois Cent
1st g 4s bd ctts.1989 M-N
St L S
bond
2d g 4s mc
Ctfa...pl989 J-J
Gray's Pt Ter 1 st gu g 5s 1947 J-D
Dul Bee Mot Pacific
St Paul
1st
I
1
St Louis So
Mont C
t
a
1921
I
M
RR
it
1
L912
^ inn
1st gtisstiiisC ,t D.1906
1st g Cs series K a F.1912
1912
si gold 'is
1st con guar g 5s.
190S
imped
S PaoofN Mex 1st g 6s. .191
g P Coast mi gu g is.. ..1937
1906
\ i) lsi 7s
Sabine Div 1st g 6s. ...1912
1913
Con gold 5s
199
southern— 1st con g 5a
1994
Registered
1996
Mem Div let g 4V-58...
1996
Registered
Nov'97
137
j-j
1st g 3-48.. 1947 j.j
St Paul
11
gu
1111
,.,1
-
1931 f
St Jo A Gr lsi
St Law A Adirou 1st g 5s. 1990
2d gold Sa
1990
St I, A Cairo See Mob
Ohio
St L <fe Iron Mount See
P
See Wabash
See
St
Fran 2d g 6s Cl A .1900
2d gold 0s Class B
1906
2d gold 6s Class C
1900
General gold 6s
1931
General gold 5s
1931
1st trust gold 5s
1987
Pierce C & O 1st g 6s. ..1919
St L <fc S F
gold 4s.. 1990
Cent Div 1st gold 4s. .1929
NorthwDiv 1st g 4s. .1930
Sonthw Div 1st g 5s. .1947
1.
ia Mex gu
1
1
'00
Rome Wat it
Tits A H See Pere Marc
Sag
an LakeO 1st gal 6s.. 1913
g4s
933jM
-
Ml 1st gil R lis
190]
(iiiaianu nl gold 5s ...1938
-i guai - 68. 192
ai
u. a
\ a
\ I'.issist gug La. 1943
1st g6scl909 10
Argii
Bo Pol
L905
B Pol Cal 1st g 6a
90
Lal g 6a series H
l.
B R&P
OR See X Y Cent
1st
u
si
I
mi guai
6s
;.
Morgau'a
Ml
ll-"-..
See
Kansas Mid
1
Lal H 5i
'
1
.,1
N.,
Ki gistered
1997
Rensselaer a Sar .Sec I) it 11
Rich it Dan See South Ry
Rich it Meek See Southern
Rio Gr West 1st gia
1939
Consul and col trust 4s .1949
Utah Cent lsi gu g 4s.al917
Rio Gr June 1st gu g 5s... 1939
Riogr So 1st gold 4 s
1940
Guaranteed
1940
StLMBr
LAS
a
11
i
StLKC&N
gu
lsi
\\
,1,1
Pitted L ErieSdg 5s...al928 \c
l'n is MoK< s a \ SuH V Cen
Pitts 1> A F 1st aold 5a ...1916 J.
Pitta si, a- l. k Lal g 5s... L9 LO \ o
1st oonaol gold 5a
1943 j-j
Pitts A West 1st g 4s
1917 j-j
J F H a co oerfta
Pitta V a- Ash 1st con 58.1927 M-N
1997 J.J
Keading Co gen g 4s
Pitls
a
110
-1
131'M-N
5s 1924 M N
...
I
h.
kfar'00
cm
A
'•FA
105 J
i
I'm. Creek reg guar 6a... 1932 J
a si i, Bee Penn Co
Pitta
Pitts Cle\ a Tollat g6a..l99S \ o
l'it is Fi \v a cii
Set penn r„
Pitts Juno Lal gold 6s
L922 j.j
Roch
l: i,t
•
ifl
i
\i
'
'•
'
G A N
g 6a. 1939 a
La.
Ii.
...,.,
Uoua
g 6a. 1920] \.
consol gold 5a
lai
1M
,i l,
M'IM. AM.
I
1
61921
i-
ll,
II..
STOCK EXCII
y.
,
L08
g 68.. ..1921 Q
1st
-I'-*
PeraMarq
IJOMI-
ge
n
§?
,i
i
u
|
/il'.M'.i
19 13
Consol gold is
Alb g Vnl gen gu g 1- ..19 12
CI A Mar Si gll
1) It K I(A Kt,'"' 1st ,-" 48(
c,i k.v
ex 1st gu g4Va 1941
Sun a Le\< la lal ^ la .. 1936
mi 4 Caugi u 48.194
Pensaoola a Atl Sm L & Nash
i',
<•;
WBKK
A*k
aid
IVuu BR
Km
a
Last
-i in/ ji;
16
(i
Week
Range
Price
Friday
I
329
101
Sale
"87V
"88"
YA
M
119
119'.,
119
119
10
Mar'01
99% m-,
117
115
109 34
109
92 V Sale
II'.C,
USVMar'O]
L13VH3V
115 V J'ly'Ol
113 Mav'Ol
112 J'ne'01
93
92V
111
,
...
112
19
s'J
631
85 V
W
I
8s
Sale
88
87=8
117 V
llU'i
112
92 V
MISCELLANEOUS HON OS— Concluded.
Manufacturing &. Industrial!
Am Hide A L 1st 8fg6s..l919 MS
Am Spirits Mfg 1st g Os.. 915 MS
Am Thread 1st col tr 4s. ..1919 J J
Miscellaneous
96
Sale,
8"
1
Bar
A
;;;;;
S Car Co 1st g 6a.. .1942 -J
Let gold 6a. 1923 a-o
90
90
J-.I
Non-eon v de be n 5s
19 13
Iut Paiiet- Co 1st con a 68.1918
Knic Ice (Chic) 1st g 5a 1928
Natstareb Mfg Co lstg 6s 1920
Bkg fund deb 5a
1925
Stan Hope A T 1st g Os.. 1946
Income gold 5s
1940
F-A
V|
108
M-N
108V
S LeathCosldebg6s..l913
N
V
A-O
...
111
.
98
95
F-A
57 V Sab
8
9
114
M
itlisceltaneoua
37
90V 96 V Hkln Ferry Co 1st con g 5s 1 9 Is F A
Hklu W A W II 1st 58 tr etls
78 V 85
BO
'
Clue ,1c it St Yard Ool lt.">s. L915 -J
Del M <t M id gr3Va SA.1911 A-O
Hack Wat Kent- let g 5s.. 1920 .1 -.1
llend 11 c„ 1st h f a B8....1931
lloboken
1
gold 5a.. .1910
70
'00
ill
111
90
100
100
"l4 106
111
....
100V
Aug'OO
no
10 107
Am Dk A Imp 5s
•
No price Friday;
See Cent
NJ
latest bid
104
105
Aug'Ol
and asked, a Due Jan
1>
Due Feb
4
a
104
109
Due Apr
u
Ill
Mad
.1
105
...
110
...
.1
90
Sp Val Wat Works
1st 68.1906
1st s t 5s.. l9io|
113 V J'ly'OO
M S
Vermont Mar
..
Hue J'ne h Due J'ly k Due Aug n Due Sep
Feb '97
101
.
M-S
Mar'01
113
si| Garden lstg 6s. .1919 M-N
dan Heh 11 A Lgen S Is.. 1940 M-N
Newport
News Slnpbiiililiiiu A
96 J'ne'01 "1 82
Dry Dock 5a
40 V 72V
57V
dl990
57 c
N Y it out l.an.t 1st g6a.. L910 F A
1
6
s
&
8
St 1. Ter Clippies Stafi, A Prop
115
LIS
113 J'ly'Ol
OO 1st g4'-js 5-20 v.ar.,1917 J-I'
S Yuba Wat Co con *g Os. 1923 J-J
93
....
Ill
MS
LA
80V J'ly'Ol
77
.1
Jan
99V Apr'Ol
99 Jan "i'i
100 V J'ne'01
iosv
J-J
98
78V J'ly'Ol
i'0'5"
.1
GramercySug
'
95 V
/>
Due Nov
9
Due Dec fOpttonaaVl
THE CHRONICLE.
330
Volume
TRANsai
I'll
ins
]>AI LY,
Mi E
l.xcil A
•'-«
6s
tek ending
Aug. JO
1V01
6
ii <i
J.'nilrnnil >(c
Jto nils
I
8
Bond*
State
J..,ndS
18,434
1
42.3
428,1 10
tlay
2,046,(
Newark Gas
r.n
<v
Newark Consol Gas.. 100
81 i"
Total
$223,023,300
600
1,22
0&
1,0110
$17,000
Week ending Avg. 18
January
— No.shai M
Bank
$76,650
$6,873,710
Tclegr A Telephone
Amer DistTeleg(NY) 100
$124,476
shares, par.
$3,000
17. nun
6,842,000
Lit. andniis. bonds
Total bonds..
$19,600
7,000
4.209,000
$4,235,500
$6,862,000
$1,860,270
2,221,900
701, or.:., ooo
$705,127,170
815,763,800
$322,719,110
Erie
1901
Unlisted
Pond
JAnted
shares
slid res
sales
shares
Saturday
.
...
Wednesday
Friday
Total
.
5,129
10.417
13,674
15,382
14,402
27,435
92,439
1.211
$11,400
9,495
24,230
17,400
12,000
66,100
83,300
68,200
71,004
78,369
$312,064
17,507
21,733
18,588
11,851
14,622
11,700
$26,700
63,787
82,380
62,580
40,010
82,600
44,522
304,057
85,239
1,515
8,488
7. t'.ls
0,041
8,654
6,430
12,034
18,881
95
'<
Street Hailways
NEW YOUK CITY
jjid
BleeckSt&FulFstklOO
,
37
104
244 249
102V 104
111
109
8
EB
FA
lstmort 6s 1910... M-S
2d income Os 1915. .J-J
Lex Av & Pav F 5s See St
Ninth Avenue stock. 100
Second Avenue stockloo
lstmort 5s 1909..M-N
F-A
Consol 5s 1948
1
-,
Exch list.
SlW'a 110
104
255
8125
CenPkN&ERivstklOO 208
J-D 104
Consol 7s 1902
Christ'r&lOth St stk 100 175
Col<fc 9th Ave 5s Bee Stock Exch
120
A- Bat stklOO
Dry D
1st gold 5s 1932. ..J-D 115
103*3
Scrip 5s 1914
Eighth Avenue stock 100 400
Scrip 6s 1914
F-A 105
42d<8i Gr St Ferry stk 100 390
42d St
& St N Ave 100 05
M
Ask
35
101
lstmort4s 1950... .J-J
B'way & 7th Ave stk.100
lstmort 5s 1904. ..J-D
J-J
2dmort 5sl914
Con 5s 1943 See Stock
B'way Surf 1st 5s gu 1924
2d 5s int as rental 1905
Cent'l Crosstown stk.100
M-N
IstM 6s 1922
of Outside
105
130
220
106
185
list
125
118
104 V
410
109
400
70
Street Railways
Bid
ire.. 100
list
112
io;,
TelegA Telep
40
JIG
110
67
102
71
119
75
124
B oston
loo
45
100 117
Set
7s
t
100
:
.-1
See Stock
W
B& WE
,
I
1,
NY
17 19
]
90
110
325
108 l4
list
1
120
8>4
119
1st Gs 1922
M-s
Herring-IIall-MarviLiliii.
95
46
55
100
loo
100
30
45
1
25
1st preferred
S5
110
3
2d preferred
Hoboken
Laud<fe
4
ImplOO 110
5s 1910
M-N 106
International Klevat.100 110
Internal PowCopref 100 150
Internat'l Pump See Stk Exch list
Internat'l Silver See stk Exch list
95
6s 1948
J-D
97
Iron Steamboat
2ia
26
John II Stetson com. .100 130 140
Preferred
100 125 135
NY
Am Agric Chcni See B oston
Amer Bank Note Co...5o 55
Am Bicycle SeeNYStk Exch
t
American Can com... loo
Preferred
loo
American Chicle Co.. loo
23 «8
74
88
79 Hi
14%
t
Procter A- Gamble
100
Preferred
100
Royal BakPowd pref.100
200
110
o'JO
120
10
50
1
•
'
Am
1 34
1
141-2
461-2
Lt 100
140s
4714
1100
17
25
86
22
83
5
3
Exch
list
145
155
32
27
"a
H412 115
)0i4
150
125i2
8
32
11
170
9i3
4
96!fl
25
44
31
94 ig
173
340
205
33
98
2512
45
31is
941-2
1731-2
list
206
100
Lubber Goods Mfg See st ockEx
Russell & Erwin
25
Safety Car Heat
1434
185
100
Planters' Compress See B oston
Pratt & Whitn pref. .100
list.
147
150
Simmons Hardw com 100 165
170
Preferred
100
100
2d preferred
Singer Mfg Co
100
Standard Milling Co. 100
Pref erred
100
145
145
250
s t a ndard oil "of
it
N
141
140
235
4*2
19
G71-2
'.
J
'.
i bo
.(•7
72
stand Undergd Cable 100
Sloss-Sliettield
See Stock
Stillw-Bier&Sm VpflOO
65
Storage Power
50 t
5
24>4 Swift & Co
100 100
Jst 58 1910-1914. ...J-J 8101
74\,
25 t 18
Tennessee Copper
86
Texas & Pacific Coal. 100
915
1st Os 190S
A-O 8100
10ia Title Guar & Trust. ..100 500
5
8hi Trenton Pottery com 100
57
list
1
Preferred
100
Trow Directory new. .100
10
Union Copper
Union Steel & Chain. 100
5V
21
70
775
220
Exch
Standard Coupler comlOO
28
Preferred
100 117
list
luo
26
Amer Graphophone...lo t 8^
96
Preferred
10 t
8*2
list
7
11-16 Amer Hide A Leather 100
Preferred
36
100
38
32
6s See Stock Exch list
90
n list Amer Locomotive See s k Exch list
80
6*2 Amer Press Aseoc'n.lOO
95
85
American Screw
100
73
Amer Shipbuilding... 100 37
39
list
100
Preferred
94
10434
90
3
Am Soda Foun com.. 100
88
100
45
52
1st pref erred
101
100
8
2d preferred
12
107
50 185
190
14V American Surety
24
100
20
Amer Strawboard
83
F-A 100
Bonds 6s
55
Typefo'rs stock. .100
59
Amer Woolen See Stock Exch list
82
3
1 4
3
Amer Writing Paper. 100
list.
100
9
Preferred
11
69=»4
J-J
5s 1919
70V
100
75
85
Anthracite Coal
54
100
20
Barney A- Sm Car
100
127
Preferred
125H2
105
50 145
Bliss Company com
50 135
Preferred
33
102 34 Bond A Mort Guar... 100 350 390
Copper
5
13 1" 14
Columbia
Brit'h
100 100 102
Celluloid Co
60
Preferred
9
43
Industrial and Miscel
Aberdeen Copper
25 t 26H! 30
Acker Mer & Qondit...6s 100
Amalg Copper See Stock Exch list
115
112
110
135
155
117
40
Preferred
100
Ilkr-.IonesJew'l Miil.pfd
.
list
35
ii'sV
Railroad
Exc
7
12
10O
100
Preferred
Chic Peo & St L pref.100
4
5
Prior lien g 4 Vs'30M<& S 8105
107
Con intg g 5s 1930. JA-J
90
92
1334 10
Income 5s 1930
Denv & So stocks See S tk Ex list
5s 1929
J-D
95 \
Ft Worth <fe Rio Gran 100
K C Ft Sc AS Mem pf (w 1) 73^
Refg g 4s 1930 (wh iss)
86
Pitts Bess&LE
50
34
Preferred
71
50
Seaboard Air Line Bee B alt list
110
8
55
Havana Commercial. loo
Y&
slV
45
5
Gorham Mtg Co com. 100 110
NY&
27k
19>a
40
4
1
(
NY
16
x
Excli list
Exch
1
Preferred
:;oo
79
t
15=8
250
Lock. 100
26
Electric Companies
Laneton Monotype.
Allegheny Co Lig'tColOO 165 170
Lawyers Mort insur.loo
Chicago Edison Co.. .100 160
Lawyers' Surety
100
Eddy Electric Mfg Co.25 t
To Lawyers' Title Ins.. .101
Edison El 111 Co Brk N
Stock Exch Loriuard (P) pref
IOC
Edison Ore Milling Co 10
s
Madison Sq Garden. .100
11
Electro-Pneum'ic Tran 1
2d Gs 1919
IH2
1 34
M-N
General Electric Co N \ Stock Exch Markeen Copper
10
Do pref See Boston list
Mix Nat Construe. pf 100
Hartford (Ct) Elec Et 1 Mi 195
Monongahela B Coal. .50
Narragan (Prov) El Co 50 t 93
Preferred
60
New York & Queens Elec
Monongahela Water.. .25
Light* Power Co. .100 22
23 k Mosler Safe Co
100
Preferred
loo
05
09
N at lonal Carbon
100
RhoIslElecProtecColOO 119
Preferred
100
Storey General Elec. .10
llhi 12%! Nat Euam'g A Stamp 100
United Electricof N J1O0
loo
Preferred
\lhi 20
4s 1929...
70
Nat'l Gramophone
100
72
Unit ElecLt"<fe'poCo..6t See Ba ltlist National Salt See
Stk
National Surety
100
Ferry Companies
New Central Coal
20
Brooklyn Ferry stocklOO
19
20 |N E Elec Veh & Trans 10
B 1st Os 19.ll.J-J 113 114 N Y' Auto Truck
100
Con 5s 1948 See Stock Exch list
Loan & Imp
100
Metropolitan Ferry 5s... 108
110
N Y Biscuit Gs 1911. M-S
N
E R Ferry stk.100 66
70
El
Tr
pd)100
NY V
(*20
1st 5s 1922
M-N 8 90
N Y Realty Corp
100
97
N Y & Hoboken stk.100 80 83 Nicholson File Co 100
Hob Fy 1st 5s 1940 M-N 8112 lloV Ontario Silver
100
Con 5s 1940
J-D 8 92
Otis Elevator com
100
93
New York & New Jersey
Preferred
100
1st 5s 1946
J-J 105 hi 107
Pittsburg Brewing
50
10th & 23d Sts Ferry 100
75
Preferred
50
80
1st mort 5s 1919. ..J-D 8105
Pittsburg
Coal
108
100
Union Ferry stock... 100 40 hi 41*2
Preferred
100
1st 5s 1920
M-N 96
Pitts Plate Glass
100
98
Indianapolis St Ry S-ie Phila list
23
J C Hob & Paterson.,100
20
4s gNov 1 1949...M-N 8 81
82 V
13*4
Lake St (Chic) El stk.100
13
10314
Deb 5s 1928
J-J 103
Louisv St Ry 5s 1930 J&J 8118 120
Lynn& Bos 1 st 5s '24. J-D 8113V 115
MinneapSt Ry 5s -S't-eStk Exch bst
New Orleans City Ry 100 29 31
Preferred
100 101 105
North Chic Str stock. 100
202
1st 5s 1900-16
J-J
North Jersey St stocklOO 22
20
M-N 80V 81 Hi
4s 1948
Pat Ry con 6s 1931.. J-D 8126 130
2d 6s 1914
A-O 8103 106
Rochester Ry (new). 100
25
30
Preferred
81
100
84
Con 5s 1930
A-O 1 1 2 hi
2d 5s 1933
J-D
99 V 100*2
111
So Side El (Chic) stk.100
Syracuse Rap Tr 5s 1940 100 102
•hi
(
9G1.J
t
G7
68 la
100
00
loo
I'reli rmi
100
Empire state sugar. .loo
1st 6s 1915
J-.J
Empire steel
100
i'i. ferred
100
loo
G( neral ferriage
"'
hemieal
ral
I
loo
[erred
92
100
34
st.
17
.,.
Boal
I'i ' lerred
Electric Vehicle
20
,
& Atlantic.
Providence Telephone. 50
Southern A Atlantic. 25
Tel Tel & Cable ot Am. 15
Ask
10
GO
3
2"
100
,
pie
90
.1
Pacilic
Market See 7th Page Preceding.
100
58V
k Exc list
Unit Rys (St L Trans) 100
27
Preferred
198 205
100
81k
Gen 4s 1934
212 215
J-J 8 89
107^4
UnitTr&
Elec
(Prov)loo
109
8106V
West. Chicago St
100
8118 120
Cong 5s 1930
M-N 8100
Sixth Avenue stock. .100 190 215
Sou Boulev 5s 1945. .J-J 5111 115
Gas Securities
So Fer 1st 5s 1919. ..A-O 4108 110
NEW YOUK
Third Avenue See Stock Exch list
Tarry
P & M 5s 1928 105 108 Cent Union Gas 1st 5s... 8109
YkersStBB 5s 1946A-0 100 108 Con Gas (NY) stock NY stock
111
Equit Gas con 5s 1932 See stk E
28th & 29th Sts 1st 5s '90 109
Mutual Gas
Twenty-Third St stk.100 400 410
100 305
100
J-J 103
New Amsterdam Gas
Deb5sl900
1st consol 5s 1948. .J-J 108
XuiouRylstSs 1942 F-A 114 110
V estchestlst5sl943J-J 110 113 NY Elec Lt Heat A- Power
Cold 5s See N Y Stock Exch
BROOKLYN
N Y & East River Gas—
1st 5s 1944
Allan Ave 5s 1909. .A-0 5107 109
J-J 8113
Consol 5s 1945
Con5sgl931
A-O 113V 115
J-J 108
Nor Un 1st os 1927.M-N 108
linpt 5s Bee Stock Exc h list
Standard Gas com
5s 1933. .A-O 103V 105
100 130
B
Preferred
Brooklyn City stock.. .10 242 244
100 150
1st 5s 1930
Con 5s See stock Exch list
M-N 116
Ekln Crosstu 5s 1908.J-J 104 107
Bkn Hgts 1st 5s 1941 A-O 108
OTHER CITIES
BklnyCo&Sub SeeStk Exch list
Bklyn K-iip Trau See Stk Exch list
Amer Light & Tract. 100 24
Preferred
Coney Island it BklynlOO 825 $30
100
92
J-J
102 103
Baltimore Consolidat Bet Ball
1st 5s 1903
6scrtfsindbt 1903. .J-J 101
15-16
Bay State Gas
50
BrkC&N 5s 1939. J-J 114V 117 Binglianiton Gas
100
26
GrSt&Newlst5s'0GE-A 102 hi 103
5s 1938
A-O 8 95
Boston United Gas bonds Bosto
109
Gr'pt ALorimer St 1st 6s 100
Lings Co. Elevated
Buffalo City Gas stocklOO
5
1st 6s bonds
1st 4s 1949 Bee Stock Exch list
70
fcassau Elec pref
100
82
85
Chicago Gas See N Y st k Exch
A-O 113 114 Cincinnati Gas & EleclOO
5s 1944
1st 4s 1951
J-J
96V 97 h Col Gas L <& Heat comloo 86V
Preferred
KewWb'g&Fllstex4Vs 106 108
100
99 V
fctemway 1st Os 1922.J-J 8119
1st 5s 1932
J-J 8 loo
Consol Gas u\ J) stk. loo
13
OTHER CITIES
1st 5s 1930
J-J
SI
Consum Gas J City)
Buffalo Street Ry—
II8I4
1st 6s 1904
1st consol 5s 1931. .F-A 8117
M-N 8103
Deb Os 1917
Detroit City Gas
A.O 8106 107
50
75
Chicago City BR stk.100 200
Detroit Gas See
Stk Exch
C.evelan.t City Ry
Essex & Hudson GaslOO
100 110
31
Cleve City 1st 5s 1909. J-J 103 V 106V Fort Wayne (Ind)—
Cleveland Electr Ry. 100
1st 6s 1925
84
85
J-J
49
Con 5s 1913
M-S 105 1. 107 hi Grand Rapids Gas
Columbus (O) St Ry.. 100 41
1st 5s 1915
49
F-A 8104
Preferred
Hartford (Ct) Gas L...2S t 48
100 103 105
Colum Ry con 5s See Ph ila list
Hudson Co Gas
100
32
Crosst'wnlst5s'33.J-D 8110 113
5s g 1949
102 h
Grand Rapids Ry....l00 25
27^2 Indiana Nat & 111 Gas
Preferred
M-N'
loo
79
55
81V 1st Os 1908
8 Buyer pays accrued interest.
1 Price per share.
101
'i
'i
112V 114V Union Trac(Chic)coml00
95
17
GO
.
ond -Match Co
61
NY&N
Outside Securities
For Weekly Review
1
bln<
••
Tuesday
100
.
P a v Co
Cramps' shA-En Bli
International Ocean. 100 116
118
Mexican Telephone Se< Bosto n list
New Eng Telephone Set Bosto n list
Northwestern Tel.
122
126»a
J Telephone 100 170 175
581920
M-N 112 115
sales
GO
.1
com. ion
-
red
62
Hudson RiverTeleph loo 120
Jinnd
Unlisted
shares
'I
Franklin
Gold A Stock
4V», 1905
Philadelphia
Lifted
Stale
125
103
Ing loo
,
:.l
•
1.
1
J ..J
Emp & Bay
jd
1
-
BellTelephof Buffalo mo
Central & So Amer... LOO
Ches & PotoTeleph.. inn
5s 1909-29
Commer in Tel (N i i.25
i.ooo
EXCHANGES
Jloslon
1
II
ibbi
.
.1
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Weekending
Aug. 16
Pref<
D
.j
1900
1
1917
11
4,762,966
197,431.022
1,251
2,268,052
028,300 $123,143,600 $19,225,593,475 $7,184,081,962
BONDS
Government bonds
State bonds
v 5s
inn
.1
1
Par value
t
5105
'
7o
lOO
101
100
111
Joseph (Mo)
5s 1987
j
81 Paul Gas Btock....l00
ueraJ 5s 194 I. ..M-S
Syracuse
ion
1st 5s 1946
Western Gas (MllwklOO
5s See N V Stock Exch
1 to Anr/. 16
1901
L900
A
Ind Con Nal
1st (is 1926
York stock
Slocks
1
•
.1
1
,j.|,
st
r.ioi
,-.
.Now
,.'...,ii
46,047,600
Jixchamje
.ii
al<£
46
5s 19 is
i
Friday
Bal.es a
in.
red
.1
987,000
•
17.446
Jfetr
1
:
D
•
100
loo
loo
] 00
loo
..
1
•
J
Ask
20
so
20
}102
..
.
],080,000
Wednesday
100
me
l.l
u
10,000
$1 1,2
28,61
Bid
20
66
Ii
h.il.
Gas
mi.
I }
Lafayette imi
'is 1924.
tnsporl a Wab Val
IS —
Monday
'
lo-j
j
Par value
res
IM
1
il
}101
\
i'
ii
S
ion
1922
1
60
A
g 1937
lyGan
l.
Block*
Industrial
Bid
M
B* 1920
71
THE NEW 70BE BTOCB
WEEKLY AM) S A l:l.»
\i
Baa Securities
Stock Exchanges
of Business at
[Vol. LXXI1I,
62 V
70
4?6
30
list
32
125
70
9
102 19
18V
96 V
110
535
8
67 V
5
V
40
100
7T 34
Union Switch A Signal 50
71
Preferred
SS
90 V
50
Union Typewr com.. loo 60
63
1st preferred
100 119 121
100 110 118
, 2d preferred
7
U S Cast Iron Pipe. ..100
Preferred
100
33% 34V
100
29 V 30
U S Cotton Duck
90 14 91 14
Preferred
100
50
U s Envelope com... 100
99
Preferred
100
95
39
U S Glass common. ..100
Preferred
100 140 145
U S Steel Corporation See Stock Exch
21
Universal Tobacco. ..100
19
50
Preferred
40
100
9
Va Coal Iron & Coke. 100
6
45
M-S 40
5s 1949
1823
Westingh Air Brake. .50
4
17
16
Wliite Knob Mining. 100
Worthing Pump pref.100 112 114
Preferred
August
THE CHRONICLE.
17, 1901.]
331
Boston, Philadelphia and Baltimore Stock Exchanges— A Dailv and Yearly Record.
Haiti
share Prices— Not Per Centum Prices.
Range of HaUl \n
Monday,
Saturday,
Aug. 10.
12
Aug.
•»8rt
ass
956
851
386
•178
•840
18U
180
180
•19?* 193
•840
193
•17W
•240
193
0*
•68*
•l««Si
f*
9*
•88
64
US
148
....
1C8
w%
143
38)4
86*
3r>
37*
17)4
38*
93
93
98
93
•82 *
•808
•--8*
8.-*
180
180
•840
13v
108
15*
130
159
11
11
6
11
843
193
10
10
53
52% 5>X
*
•143
36
39
99
140
36
39
98
Aug.
10.
808
9'
180
42
815
193
lttf
181
188
i.iu
•hlo.
:
ar.*
5
•
89
89
89
89
89
X
180
10%
780
88
780
700
99
83
98V*
•2e%
2:*
•64
86
65
•86% 27*
63
8J* SC*
38*
98%
140
•8&*
38
39
49
4f*
18
94
138
30
30
5%
5%
8**
34}^
115
38
116
38
88%
at
18
19
70
70 •
78
78
80
Bid and asked prloer
138
30
29%
6V4
31)4
31>a
'V%
•so*
•n%
*S8)4
...
ia
Bid. Ask.
A Charlotte! Bait) 100
IOC
oi A Maine pf. (Bolt)
100
Boiton A ProT. "
All
"
100
"
100
OonsolTrPltti!(Phil) 60
Biyer....
"
60
Ss Booth A Fla.(Balt)100
"
100
lit pref
"
100
Id pref
a'rmant'n Paii(Phil) 00
"
00
Hsitonr
"
Pref
00
"
100
Indi Street
"
00
Sohaylk.
Livtls
Mains Central. (Bolt) 100
stlnehUl ASH. (Phil) 5G
60
Mssqnshon'g V. "
60
Horth Penn.... "
Pere Marqa'te.(Boit)100
"
100
Pref
Phil Germ A N.(PhU) 60
"
Phils. Traotlon
50
Ryi Co General! "
...
Rutland pref ..(Boit)100
(Phll)100
unu*a n J
UnPowATrani "
35
Weit Bnd pref.(Boit) 50
West Jer A 8 8. (Phil) 60
50
WestNTAPa. "
Wis Cent, new.(Boit)100
"
100
Pref
WorNaihiB. " 100
155
170
300
100
870
MIBCBLLANBODB.
a;
Amer.Cement.(Pbll) 1C
AmQcld Dredg(Boit) It
Amer. 1. A 8.. (Phil) SO
"
"
60
85
"
35
"
Atlantio Mln'g.
35
"
35
Baltic Mining..
(Phil) 50
BethBtsel
"
"
R
lfO
Tel A el •
20
Dtly-Weut Mlu "
Danv Bessemer; Phil) '*
"
DeLong H <fc E
10
Dlam State St.. " 10
Pr
Domin Coal pf. (Bost)lOO
Dom Iron & S.U " .
Easton Con EL (Phil) 50
Edison El 111 (Bost) 100
ElecCoof Ami] (Phil) 50
Franklin Min'g.(Bost) 25
" 100
General Elect..
" 100
Pref
"
Ind-Egyp Com
100
"
Int But H & S
10
Int8P&Dynani(Phil) 50
Isly Royale1|..(Bost) 25
Manulao Rub. .(Phil) 50
"
Pref
50
Cumb
'J
..."
. .
M
79
,
48
98
76
Bid.
48
2*
Penn EleoVeh. (Phil) 50
l
• •
ae«
69
107
65
60
70
82
"
"
"
Bteel!.
Weit Bud Street
86
76
39
00
69
Amer. AKrionl. Chemical
95*
60
....
Pref!
100
Phlla Co.
50
Plan tenComp!( Bolt) 1 0U
"
Quincy Mining.
25
85
Rhode Isl Mlu.. "
Santa Yuabel G "
5
"
100
Seattle E tc rio
"
Pref
100
Tidewater St... (Phil) 10
Torrtngton"A"(Boit) 3:
104
«79)4 281
Pref
OnCopLAM'g
DnEILAPowpf
113
esssi
30* 33
S*
m
"
"
25
85
(Bait) 50
Dnlted Fruit (Bolt) .100
85
U S Mining
4-8E
Utah Mining..
Warwlokl A 8. (Phil) 10
Weitm
140
3
rel
Coal
"
<
i
Dominion Coal
:;ne Telephone
.
"
85
Bonds— Boston.
5X Am Bed Tel 4i.. 1908 JAj
ATA8Fgengli.'95AAU
4
8*
ti
9*
101)4
H
S3
8
'X
87* 38
'85'
4f*
10
173
175
4*
o
•15
•SO
88
42
98
97*
8*
28*
29
2
36
88
17*
29*
3*
S8
90
18
30
7
'"s'x
64)4
33
MM
'
• • • t
97
3
05
}100
101
ill 3
102*
2*
138
t9
M gu5i.'31 M*f
Chi A W M gen 5i.'21 JAL
3
140
40
X
N
'X
114
36*
>0*
800
7*
17*
i0i* 205
18
,..„
1
"ii'
%
'
{107
{109
1 08*
Curr't RlT lit 5i.'37 AAO {
D G R A 1st 4i.'46 AAO { 99)4 100
Domln Coal litfli.' 13MAi- {110
61 g.'06
AH {111* us"
^ait'n nt
W
'"s
250
Adjustment g 4I..1995 {
117
Boiton Term'l 3*i 1 947 III 5
85
BoiCnGaillt5i.'39J&J ) 83
08
3dM5i
1939 JAJ i
xlSO
Bur A Mo BIT ez'pt 61.J A.
Non-exempt 61. '18 JAJ }107
8ink fund 4i.. 1910 JA.' hoo
86*
Cent Vt 1st 4i 1920. Q-F § 85
Ch Bur A y 4i. 1922 D<sA {101
Iowa DIt 41.1919 AAO {104*
Ohloago Juno 51.1915 JAJ {IK'X il'3"
Ch A No
8
M
M
Fr BUAMVlit6i'33end {137
Unst'p'd lit 0i.'33 AAO {135
Illin Steel oony 5i.' 1 JAJ {ICO
Debenture 6s. 1918 AAO {100
KCCA81it5ig.'25 AAO *
K C Ft SAG lit 7i.'08 JAL {Ill
K C F SAMcon 6i.'28M AN {183
KCMABlit4s..'34MAB
Income
5i
{ 98
91
{107
K CA M RyAB 5i.'29 AAO
KC8tJoACB7i.'07JAJ {118*
IX LRookAF81it7i.'05JA
Mar H A Ont 8i...'25 AAO
41 * Mex Cent 4ig.. 1911 JAJ
{103
1118
{ 81
83
1st ocn Ibo 3i g non-onm
92
3d con inc 3i non-cam..
1907
AAO
mon 0i..
..1905
JAJ
109
108
105
116
194
100
»5
85
34
S3
89% May
{103
«no%
no7*
•
Seat Eleclst6slw3(;F«A §104*
Torrlugtou lit Oi 19i8.. 1
•at
05
•
• • a •
103
8t 5i. .'02
f
2
80
139* June 18
34% Jane 13
June 18
91
Jan.
*July
*
88,(97 12D%
18 117
99H 181
145 700
2*
*
Apr.
Aug.
Jan.
Jan.
180
182
860
Aog.
IS* Mar.
23,07><
20*
1,750
58
25
40
33
40
14
62*
85
1.E0S
4%
Jan. 18
Mar. 4
8
July IB
133% June
May 88
Mar.
Auir.
31% June 11
31* May 8
60* July 10
3-* Apr. 18
Feb.
Jan.
Jan.
76
Aug.
May
44
Jane 80
Mar.
Jan.
July
Jan.
Jan.
Feb.
99
Jan.
Apr.
Jan.
Feb.
Feb.
Jan.
Apr.
Mar.
79*
7*
3
8
IS
8
80
13
4%
8*
85H
16
13
8*
a
385 90
99
13
17 137* Jan.
140
5S" 38
May
5
38*
3,587
4% July li 8* Feb. 13
Jane 30
1,950 35
May
41
397 113* June U 128* Jan. B
131 30* Feb. 4 38* Aug. 7
17" 23* Jan. « 37 Arg. IS
105 10* July 8 17 Mar. 80
50 40 Jan. lb 00
Apr. 13
128 84 Jan. 1C 71* Jure
24 06 Jan.
«
79* July B
I
Bid.
As k
94%
130
113*
18>*
127
05*
Atl City lit 5i g..'19 MAN
Balls Ter 1st 51.1920 J Ai
113
93
BergAEBrewlst0s'21JA.
Cambrlalron 0S.1917 JA
ChesADCanlit5i.'10JA
10'-* 101
Bonds— Baltimore.
Clt'i'St Ry(Ind)oon 5s.'3.
A Pot ....,,, 5s 90
ess
A Ch lit 71.1907 JAJ 114% no* Colum St Ry lstcon 5s. '3
AtlG-Llghtlit5il917JAD
Con Trao of N J 1st 5s..'S
••*
Atl Coait L otli 5i .JAD
Del A B Bk 1st 7s.'05 FA/
see*
s
1 e
a
June 18
212* Apr. 89
Choc&Mem st5ilC'49J&J
ChooOkAG gen 5i'l9J«^
{
1
June 11
9<*
Fond debt2-Sf.l991 JA.
West N C con 0S.1914 JA 118
WeitVaCAPlitOg.'llJA
Wil A Weld 5s.. 1935 JA 130
Bonds- Phlladel phii
AlleVyBext7sl910AA' 185*
83
Asphalt Co 5s tr ctfsl94t<
104
1
July
It 100
BONDS
i
1103
Rutland lit 01.. '02 MAN {108*
Kul-Can 1st 4s 1949 J&J 5
MAN
1914MA8
1916 MAN
39
84* Jan.
38* May
200
404
600
Ask
lit 5I..1937
52* 63
New Bng Tele 8i.'16 AAO {103
lit
17
45
9b
Baltimore—Oouom u
Ya (State) 3s new.'32JA.'
Anacoatla
11
1
53
Bid.
NBGai AC
Weit End
4*i
Deb 4s
115
.
.
NYANEnglit7i.'05JAJ
. .
10
.
1
6
96^ 97
23H,
18
.
BONDS
Ask
50
Winona Mlnlng(Boit) 85
Wolverine Mln.
t..
Preferred 1
Aoieiioan Alkali
Preferred, B10 paid
Susquel A 8!.. (Phil)
5
1H
Tamaraok Mln.(Boit) 25 315 350'
8
103
5
A i.-ial((amated Copper!
50
"
(Boiton)....
Miscellaneous Stocks.
4*
9
• • • » •
45
130
»X
6*
63
100
Penmyl
(
i
108
101
"
Paolflo
Boston— Conoladed.
7X 7* NewEng con gen5s'45JAJ
14* 14* N BCotYam 5i 1929FAA
35
Palmetto Co.. ..(Phil) 25
Parrott 811 ACop( Bolt) 10
••
Pref
Penniyl Salt...
(Bait.) .,,.100
.
80
STOCKS -BONDS
Oioeola Mining.
$2*td
(Bait) luo
(Bolt) 38
ConMercurgod
'
mon
3V* May
4
89
May 8 81 Apr. 36
12* Jan. 4 24 1-lHJune 4
6,985 32 8-16Jan.35 40*3 Jane 17
8,88: IB
4 2U 7-16May 1
Jan.
8,900
9* Jan. 3' 30* June 81
1,840 24* Jan. 31
64
June 81
6,783 78* Jan.
4 132* May
3
146 83 Jan.
99
I
May 1
9,473 24* June 1C 37 Jan.
3
664 15* Mar. 13 1 8* Mar. 89
118 9'<* Jan. 8 .9 Apr. 88
"
....100
Boiton) .... 1 00
"
....100
Preferred
Luton Traotlon, B17* paid. (Phlla.).,., 00
(Bait.)
.... 00
nlted By A Hleo. Oo
i
Apr. 16
July 17
Apr. 98
Apr. ai
June 19
Apr. S
July 87
May 16
Apr. 83
97,83<l
00
00
.
H«
«X
70
5
S.(Phil)
Old Col Mining (Bost) 38
31
Boiton XleoLMBoit)100
Oambiia Iron.. (Phil) 50
Si eel reot
27
11*
»8X
NewHavIA
380
AmFneum8erviuost) 5j
Oaubon Co
Centml oil
38
llf%
3«*
. .
MAT
Cumb
•84
110
38
27
-idBrsw a88'pd(Balt)10C
"
100
Prer., asst.i.d
tfaroranthaier (Bolt) 100
"
If
'ex Telephone
NewBngGiAC! " ....
100
Pref!.....,...
rrei
Arcadian
Arnold Mining.
34
110
S8* 88*
36* 37
•li% 11%
70
30*
0*
M1SCKLL.— Concluded.
lb.
Amer. Ballwa: i(Phil) 00
Alloaei Mlnlng(Boit)
34
136
5%
78*
no iale wa made.
BAILBOADS.— Price$ Aug.
oonnAPaiinm
94* 94%
5*
6)6
US
•38
01
138
80
aO
78)4
INACTIVE STOCKS
Oonn
94*
189
'
"8*
5%
94
94)4
29%
6%
75
6-<*
70
....
....
•
48%
es*
5H
735
28)4
38
47
66 205
1,894 69
39*
19 148
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
77*
18*
88*
302
183
26
39
47
"
2d preferred
-.aboard Air Line
Preferred
34
17
111
5<
....
....
....
it preferred
28*
8.816
(Boiton).... 100
49
"
....100
•88
(Phlla.) .... 50
i.ehlghCoal A Narlgatlon.
6)4
"
8* Manden Col
..,.100
"
..,.60
,
X 0* National Asphalt T
10
"
10* Preferred!
.... 60
N e w Bug. Cotton 7am, pref. ( Boiton ) .... 1
140
"
....100
New England Telephone....
30
so* oid Dominion Copper!
"
.... 25
o* Philadelphia Blec! 5 paid.. (Phlla.)
6)4
31
(Boiton*.... 25
35)4 Fruity Mining
115 115 United Oai Improvement!.. (Phlla.).... 5°
Tinted Shoe Machinery..,,. (Boston).,,, 25
25
Preferred....,
...
...,.,,
18
13
"
.
38
United states OH
A'elibaoh Co.
(Phlla.)... .100
"es* "eV Weitlngh. Kleotrio A Mfg
50
(Boiton) . .
5i
"
Preferred
.
..... '....
,,,,.
a 20 15-' 8 21 7-16
33*
•38
39
47
1
8.14'
240
708
H
33% 8a*
87* 28 a4
•65
63*
33* 84*
8'% 3'X 87* 27*
8b
05* •86
08*
87*
8i* 64%
Heading Company
13
2"
45
12. 139
(Bail.) , ...lU(J
'oimoildated Ua»
Consol. Lake f uperlor...... (Phlla.) ...,10L
"
....100
Preferred
89
720
717
715
646
6i
(Phlla.)'....
**
1,483
(Bo§ton)....100
•
13,308
89
M
70S
1.)
(Boiton). ...100
"
....100
"
.- ..10"
(Phlla.).... 00
"
.... 00
Beaning
l.(
Boiton).... 100
American Sugar
"
....100
Preferred!
"
....100
Amer. Telephone A Tel.Co..
"
.... 35
(alnmet A Heola
ecta.r
Phlla.)
.... sn
Hmb.Steel.Bl 3* paid?
(Boston) .... 25
CoLtennlal Mining
89
89
*
26
93% 94
9354
38
700
83
23*
0F%
6* 5*
140
30
39
•*%
700
86
ex
•11*
%
2
•86)$
0>-%
3«*
•34
700
717
•S8
•46
38)4
48
69
ex
89
88)4
A
iiasaohuietn Kleot- Coi. 1.(Boiton)....10(
... 100
Preferred 1
....100
'oilcan Central
(Bait.) .... 6o
>rt hern Central
(Bo«tou)..,.10C
ill Colony
(Phlla.).... 60
'enntylranla
9*
199% 133% 120% 180* 181* 131% 131 133* 133* 188
180 138
125*185* 18o% 198
182)4 18 *
'80
16'^ 16o* 161
163
163
160)4 181% 161* 163
132% 183
•61
89
June.
HohbarK, pref
i.ehlKh Vallej
2nh
90 b
• •
....100
....100
....10o
....10u
"
(Phlia.».... On
5o
"
1901.
HxgKut
hmttti
84 881 Jan.
8 100
64 189* Jan. If 190
H 318
as 238
July
18^ 190
May IS
302 14 * Jan. 81 182
138 128 Jan.
138
10(
"
"
Un.Btook Yds.
t.AU. wairan's (w.
Preferred Tr. ce/tfs
ii
79
78
71* 72% 78
78
78
I'M "IK •71% 7'% 73
'9% 80 st bom io-ie 30* ai
a
81* 21 7-l«
19% »0 1-18
3UV4
88% 38% S8* 3-fc 38 9-16 88* 38% 1S-IH 3!% 39V4 89
25* 35 7-1. 88 3-16 85* 3894 36% 86 1-16 36V4 26* a«7ij 26*
8"%
87 * 37%
a7% 88
87)6
88
a**
37* *:\i 3.% 87%
48
49* 1U*
44
49)4
48% 4'-% 49
49)4 SO
47* «7««
KB
'..«*
96)4 97H
97% 95% 9r% 99* 98
91* » ;7 8 94
90
89* 90
90* 90*
•83* 88* •8'-X 8* 88* t-9* •89
aui,
9H*
2614
26% BT« 87% 28*
26%
38* 90* 88* 8c%
no* )«H 16 l'X 16 ie* •16)4 16)4 !«'.( 16* 16% 16*
97
97
96
96
U6
96
96
•96
96* ia
•9Db
118
113% 113 113* 113* 114
11S%116
ir*ii3* 111*11S%
•38
89
30
«U
•28* SO
20
•28
B9
30
38*
—
Klsfated, fall paid..
i
33*
39
•w-i,;
,
Sharei
(Boiton)....100
A Albany
1'referred
k.3
92* 93
24* 84* •3»* 28
908
Week.
i. ii
93
8
of the
f Indicates unlisted.
ti
A Lowell
union 4 Maine
8ft*
u»a
86
39
39
193
189
B8*
02)4
8?*
36
39
98
•0.x 99
•808
%
ACTIVE STOCKS,
Kullrou.l Niocks.
itoston
18(1
'3
•148
83% 3h%
•38* 8«*
•07*
•«
•87
•808
..
....
5'.-*
35* 35*
87* 37 )*
93
180
843
198
168
180
02* 193
10
83)^
148
Friday.
351* 35H* BB6«86e)ii
886
180
108
•130
180
•130
Wednetday 77iur»<f<iy,
Aug. 14
Aug. 15.
Tutiday,
Aug. 13.
60
MM
62
118
109
109
Atl
•
.
Bait Beit lit
•
5I.1990MAN
BaltCPailit 51.191 1MAN
Bait Fnndg 5s. 19 16 MAN
Bxohange 3*i.l9S0J AJ
BaltAPlit6»ml 1911 AAO
lit 61 tunnel 1911..JAJ
Bal Trac lit 5s.l929MAN
• • a a a
1
'
mail
'MM' IIMI
• s
••
«
•*•••*
Income 5i.. .2883 AAl
Bq IllGai-L Istg5i.l92
Hestonv M A F con 5i.'2
•
•
• a
CharlCAAext5i.l910JA.l
2d7i 1910
AAO
CltyASub lst5i.l922JAD
CltyA8ub( Wash) litSi'48
ColAGrnvlit5-0.1917JAJ
Comol Gas 0s.. 1910 JAD
5s
1939 JAD
Ga AAialstpf5sl945AAO
GaCarANlit5ig.l929JAJ
GeorglaPlit5-6i 1922JAJ
GaSoAFla llt6i.l945JAJ
KnoxvTrao lit5i '28AAO
LakeRKUitgu5i'42MAH
MaoonANlit4*i'90MA8
110
90
• • • • t
sees
US*
iia*'
*
s*
00
53
114
NewpNAOPlst5s'38MAN
105
a
110* 118
NorthCent4*s.l925AAO
0s 1904
JAJ
Series A Ss 1926.... JAJ
Series B 5s 1920.... JAJ
Pitt Un Trao 5s. 1997 JAJ
PotomVal lit5s.l941JAJ
8eoAvTn(Pltts)5s'34JAD
Sar Fla A West 5s '34 AAO
Seaboard A L Is 1950....
Seab A Roan 5s.l920 JAJ
So.Bound st 5s '41. AAO
1
•
53*
HA B Top oon 5i.'25 A Si
Indianapolis
Lehigh NaT
RR4sg
Ry
4s.. 193
4*s. .'14 y-
• a a
i's'i*
* • • •
1Bi»
UuBIL>APlstl*s'29M«N
On By A El lst4i'49.MAi» 97*
Income 4s 1949. ...JAD
73
Vlrg Mid lit 01.1900 MA8 107*
3d serlei 0s.. 19 11 MAr 118*
•
V7*
78*
138
H8*
us*
•
•Mil
117
117*
96*
107*
110
82
n. X
107
83*
H7%
138
124*
131*
103*
New'kOonGaa5i'48jAi
Newark Pan oon 5i.l93(
116
NYPhllANorlit4s '39JA.'
Income 4s... 1U39 MA.N
No Penn 1st ls..'30 MAN
80
1903JA
Penn gen Osr... 1910 Ya?
Comol 010.... 1905 Va'
Comol 5ir.... 1919 Ya:
Penn A Md Steel con 6i.
Pa AN YCan7i..'08 JAI
1939 AAi
Com Ss
1939 AAi
Com Is
Penn Steel lst5s.'17 M*
PhAKr gen M 5g.'30 AA<
Gen M 4s g.. 1920 AAi
Ph A Read 3d 5t. 33 A\
Comol M 7s.. 1911 JA-i
Con M
HxtImpM4lg.'47 AA>
Con M of '88 4s.'37 J A
*E2% 8:%
• • • •
90
117
108
.•aaa
•
in*
103* 100
123
123
114
110
iVa*
187
94*
1(3
100
64*
llw
109
- ••
111
131
131
0i g... 1911 Jj.
110
imii
118
.
Trast certfs 4s
MIIM
lib
1911 y-i
Gen M 4*s g.. 1924 Q-)
Leh VC'l lst5sg.'33JA
Leh Yal ext 4s. 1 948 J AI
1910 MA:
2d 7s
1938 JAi
Comol 8s
People's Tr tr oerts Is.'i
PhKa Blec gold trast otf
:
3d series 0s.. 1910 MA8
4th ser 3-4-5S.1931MAS
5th series 5s. 1928 MA8
.
GenM7i
ii8*'
Maryland Brewing 6s ....
MetSt(Wash)lst5i'25FA
New Orl Gai lit 5s.. .Var
Norfolk St 1st 5s '44. JAJ
1
107*
185
111
87
117
1st 6s.'10 J A.
JAI
Annuity 0s
Nat Asphalt Si.1951 JAJ
• S S S t
•
M 5s.'30 MA'
BlmAWUm
Kit A Imp 0S.19O1MAS 117 119*
No BaltDlv 5s.l942JAI>
Conr'rtible 5il 906MAN 100*
Central Ry 0s.. .1913 JAJ
aaa
Comol 5i.... 1932 MAN **••••
aa
Bxt A Imp SS.1933MAS
Chai City Rylit 5i '23J AJ
Chai Ry G A El 5i '99 M A8
V6
93
• • a s
1st
113
••a
i
BastAA
Hdlson Eleo 5s stk tr otf
Hlec A Peop's Tr stk tr ctf
Terminal 5s g.1941 Q-l
108
100
188
Colial trust 4s. 192
100
P Wil A Bait 4s. 19 17 AA
1
J A.
Read Co gen 4s, 1997 J A
Rochester Hyoon5s.l93
Al'
SohRHSldelit5s g'SSJ
r
Soran Trao 1st 6s 83MAN
llnTraoPlttSKen5i'97JA
Welibaoh f 5i 1930.J AD
lAnd
10 1*
111* 111
74
interest.
•Price Includes OTsrdnt oonpi
THE CHRONICLE.
332
fVoL. LXXI1I.
and Railroad |utdligewcje.
RAILROAD EARNINGS.
|uxjjcstmjent
shows the gross earnings of every Stkah railroad from wbioh regular weekly or monthly returns
two columns <>i figures give the gross earnings for the latest week cr month, and the last two
columns the earnings for the period h m July I to and including such late it week or month.
The return* of tfie si rat railway* are brought together separately on a subsequent ]>age.
Notice Change Our yearly totals now all date from July l.
The following
C;U1 be
table
The
I.
•
firsl
j,nt<-st tiross
ltOADS
Week
or
Month
Adirondack.. . . June.
Ala nt Southern. L«t wkAug
May
Ala Midland
aim Pao nut.
Al> N o <v
N & No East. iih wkJ'iv
Ala ft vi. ksb'g u wkJ'ly
Vloksb Bh & P. HhwkJ'ly
lutwkAug.
Ann ATI or
ii
Ann Wach & Bal. May
AtehTop A 3 IV. luue
Atlanta & tar.. May
(
Know
& No. July
W Pt.. (uno
Atlanta &
Ail Coast Lino ..
Atl Vald Si West.
Austin & Norths
Bait & Ann S 1...
Bait .t Ohio....
lime
Inly
April
/
B
Current
Year
12,
88,794
88,274
|
Previous
Julyl
Latest Date
to
i
8
14,927
35,5 13
68,909
*
190,631
213,1
11
950,861
Soutliw. «
Bangor & Aroosl
June
fir,
Hainnion
Bellefonte Cent'] July
Brldgt & Saoo R. \tay
Brunsw & West'n May
Bull' Koch & lit* IstwkAug
127,337
1,523
4,332
3,245
51,691
131,023
110,543 1,449,454
1,629
2,817
3,088
57,433
113,115
Buffalo <feSusq... June
Burl C Ran & No
Canadian Pacific
Cent'l of Georgia
Cent'l New Eng..
Cent'lofN Jersey
Central Pacitlc..
Cent'l
Pa & West
Charleston & Sav
Ohattan SoutU'n.
Chesap AOhio...
Chie& Alton Ry.
Chio Burl & Quin
Ohio & E Illinois.
Chi Gt Western.
•.
Chiclud <&L'v...
Chio Milw & 8t P
Chic & North W'n
Chic Peo & St L
8t
L Ch & St P S
84,985
106,726
668,000 565,000
IstwkAug 128,125 111,290
55,773
June
62,797
lune
1,503,780 1.353,217
May
1,816,161 1,420,707
2,(171
May
1,754
May
63,957
66,098
2,479
1st wkAujj
2,094
IstwkAug. 311,073 303,818
090,100
•June
757.728
4,088,957 3,994,910
IstwkAug. 126,505 109,621
IthwkJ'lv 227,803 163,515
IstwkAug.
73,301
92,305
IstwkAug 777,696 697,148
June
3,913,102 3,688,173
July
90,174
103,792
IstwkAug.
IstwkAug.
or
20''
'
39,231
4,332
36,950
617,059
603,472
728,393
493,972
3,492,000
700,068
711,759
18,005,900
21.616
096,217
11,103
1,634.975
9,030,055
50,051 ,988
589,127
609,819
471,552
4,359,734
43,323,515
108,792
Minneap & Ht
MSt
P<fe S
.St
ear
i
$
2,007
280.049
•
150,1
1
!
127,700
43
78.800
10,375
L.l IstwkAug.
M. IstwkAug
03,(139
89,845
e292,115
635,000
33,000
668,000
Mo Kan
Texan IstwkAug.
Mo Pao & Iron Mi IstwkAug
<fe
.
i
i
.
.
1
Phil
&
Co-
Read....
May
Coal&IrOo.... May
Tot both Co's.. May
Rich Fr'ksb & P May
Rio Grande Jet.. March
Rio Grande So... IstwkAug.
Rio Gr'de West.. IstwkAug.
July
St Jos&GrI
StLKen'et&So. July
.
StL &N Ark
St L & San Fran IstwkAug
St L Southwest .. IstwkAug.
StL Van&TH.. July
San Ant &
San Fran
A P...
&N P..
luly
Sav Fla & West..
Seaboard Air L..
8her Shrev <fe So
Sil Sprs O & G .
So C & GaExt...
So Haven & East.
Southern Ind
So Miss <fe Ark ...
So Pacific Co 6...
Austin & No'n.
Cent Pacific
Gal Har & S A.
Gulf W. T. <fc P.
Hous. E &.V.T.
Hous. & Shrev.
May
SFe
Pres«fcPh... IstwkAug.
.
.
IstwkAug
1st wkMa\
Mav
July
July
May
April
May
681,203
10,386
01,250
14,047
374.057
153,702
705,834
27,004
272,361
vlay
April
April
Hous&TexCen
April
Louis'a West...
May
Morgan's L & T .May
N YT&Mex
Tex&NOrl
..
So Pacof Cal ..
So Pac of Ariz.
So Pac of N
Southern Rallw'y
Terre H & Ind .
Terre H & Peor..
Texas Central .
M
.
.
.
Texas
TexS
Tol
Tol
&
Pacific..
V&N W
..
& Ohio Cent
P& West ....
TolStLA W
2,574,734
2,840,610
5,415,350
124,953
41,145
10,810
95,000
130,633
11,122
15,735
219.234
117,440
170.902
189,004
109.281
10,770
393,401
230,150
15,897
18,614
18,390
5.522
47.270
18,712
7,142.131
21,384
1,816,161
May
May
May
May
May
IstwkAug.
July
July
IthwkJ'lv
IstwkAug
July
IstwkAug
IstwkAug
8,332
155,478
10,000
54,511
19,521
58,715
36,722
Year
*
.121
,5
1,64 1.273
1
439,468
Mo 756
5,637,090
5,0 11,793
50,2 lo
590,506
309,000
2
1
1
1
7
85,500
12,172
1,30!
,.'.i;3,705
1
,
32
42
357,125
54,261
588,000
1
51,908
5Hi,7-.;
72,1 is
231,9-1
e
1,547,161
3,710
,000
3,898,000
17,1
1
1
43
1,171
3,ol.
100.000
3,203
15.408
491,900
94,f
aC25,205
29,1
5,940,096
5,322,88
2,291,590
1
,400
110,462
a600,550
27,742
5,391,395
4,96!
1,466
7,990,313,808,191
95, 250
.,248
3,305,746
92,378
5,137,545 5.2:io,434
2,513,701 3,308.378
89,585,212 80,595,112
509.071
565,774
71)2,974
919,551
I'6,17-1,5,811,405
ll, 052.149
2,649
1,757. 53 1,50
19,363,268 19.371,075
2,077,271 1,936.742
1.: -0,378
1,10'
414,826
393,786
438,897
388,975
1
617,051.
872,757
635,837
696,217
4,753,460
200,056
4,075,698
266,986
950,861
<:27,098
2,329,242 25,720,336 24,441,528
1,817,801 26,315,337 25,573,891
1,147,043 52,035,673 50,015,419
123,040
40,231
10,611
69,200
106,427
8,904
8,072
160,905
108,105
159,354
147,889
103,020
18,242
350,00s
199,040
3,862
30.053
18,389
5,499
27,977
18,321
5,402,859
14,375
1.420,707
513,016
7,671
44,869
8,045
230,430
107,681
552,843
22,329
172,980
1,752,449 1,390,205
420,613
258,925
034.479
120,919
45,990
/US
iar
12,1
NYOnt&
Reading
1
10,727
27,000
Central Branch IstwkAug
015,ooo
IstwkAug.
Total
2,9 72
2,318
Mob Jack A- KG. WkAug 10
494,900 481,400
Mobile* Ohio... July
94,873 j 10,462
Mont & Mex Gull July
a625,205 a000,550
NashCh AStL.. July
2.703
3.0,2
Nevada Central.. May
SfYC& Hud Riv July
5,940,096 5,391,395
503,070 425,278
1,230,423
West.
39,1 13 N Y Susq <fe West May
213,772 162,189
27.",, 85]
2,317 Norfolk <& West'n IstwkAug
284,303
30,088 Northern Central
067,202 052,102
035,837 North'n Pacified IsDwkAug. 731 ,015 032,574
588,801 Ohio River
3d wk July
32,315
32,132
732,991 Pacific Coast Co.
406,836 530.373
440,725 Pacific Mail
April
1 85,475
355,807
3,030,170 Pennsylvania^...
7,804,035 7,192,835
634,' -74 Penn & North w'n April
47,384
50,298
704,092 Pore Marquette.. IstwkAug
175,031 159,616
PhlVi & Erie
597,655 559,585
16,930,666 Phila Wilm &B.. June
1,053,117 1,018,217
22,027 Pitts Bess ALE. 4thwk Mar
54,022
47,782
627,098 Pittsb C C & St L Juue
1,589,801 1,523,787
12,085 Pittsb <fr West'n. May
223,234 180,582
1,502,452
128,978 115,270
Pittsb CI & Tol May
May
7,796,449
Pittsb Pa& F..
41,237
46,502
47,535,420
Total system... IstwkAug
81,892
77,324
517,262 Plant System541,050
Ala Midland... May
68,274
68,909
388,999
Bruns& W'n...
54,691
57,433
May
3,917,455
Chas &Sav
66,098
63,957
43,003,673
Sav Fla& W...
393,404 350,608
SilSOc&G.... May
18,614
30,053
90.174
PM
W&
1
I
2,127,325 2,001,490 26,833,055 24,012,500
Chic R I &Pac... June
837,047 788.464 10,664,777 10,394,671
&0.
Chio St
164,644
26,630
145,135
31,268
Chic Term Tr RE IstwkAug
458,571
241,476
458,571 241,476
Choc Okl & Gulf. July
546,109
509,947
93,163
88,161
X3inNO&TPac. IstwkAug
May
31,222
360,260
329,024
33.735
Cin Portsm & Vu
IstwkAug
360.105
322,209
1,956,384
1,684,855
ClCinChife StL.
47,350
38,162
251,889
209,032
Peoria &East'n IstwkAug
251,334
46,514
44,521
214,323
Clev Lor & Wheel IstwkAug.
493,041 375,611 4,794,049 4,237,743
Colorado & South
10,342
10,920
173,261
172,388
Col Newb & Lau.
22,284
65,929
22,147
63,994
Col Sand & Hock 3d wk July
31,160
26,816
279,877
299,497
Cornwall & Leb
95,228
98,880 1,080,877 1,010,306
Cuinberl d Val.ey
Denver & Rio Gr stwk Aug. 213,700 216,300 1,237,500 1,138,800
177,326 223,915 1,789,260 1,867,966
Denv & South w. March
80.033
88,742
880,746
833,619
Det & Mackinac.
53.455
52,381
309,082
DnlSo8h&Atl.. IstwkAug.
296,808
July
12,048
11,723
12,048
11,723
E St L & Carond.
March
East.
194,451
158,048
1,483,302
Elgin Jol &
1,432,497
May
3,641,472 3,151,110 35,549,695 34,960,779
7,150
6,549
36,375
Evansv & Indian IstwkAug.
31,841
29,652
28,338
149,779
Evansv <fc TH... stwkAug
137,814
July
10,695
8.345
Find Ft
10,695
8,345
Denv City
166,918 127,408 2,099,525 1,613,850
Ft
049,09o
7,939
FtW&RioGr... 3d wk J'ne
6,721
471,098
Georgia RR
117,786 117,460 1,83 4,079 1,658,339
102,592
99,002
102,592
Ga South &, Fla. July
99,002
GilaValG 4, N.. May
32,824
45,617
338,112
335,771
Gr Trunk System IstwkAug. 566,144 537,970 2,932,114 2,715,474
Gr Tr & West'n 3d wk Jul.\
67,120
00,828
205,185
224,355
21,657
DetGr H&M.. 3dwk Julj
20,698
67,038
64,575
Great North'n
StPMinn&M. July
2,060,188 1,723,400 2,060,188 1,723.400
East'nof Minn. Julv
463,529 300,257
463,529
366,257
Montana Cent'J fuly
155,841 174,191
155,841
174.191
Total system. July
2,679,553 2,203,848 2,079,55 s 2,263,848
Hocking Valley.. IstwkAug.
87,422
92,916
520,865
468,344
Hous & Tex Cent April
374,657 230,430 4,371,266 3,398,116
Illinois Central.. July
3,056,457 2,630, Slid 3,056,457 2,030,890
Illinois Southern July
11,043
9,209
11,043
9,269
Ind Dee & West'n April
51,965
53,410
591,077
565,067
149.168 106,879 1,413,816 1,136,178
I»d 111 & Iowa...
Int & Gt North'n stwkAug.
64,277
61,163
380,539
352,842
WkJuly
27
Interoc (Mex)
67,600
66,450
291,500
285,220
1
Central
stwkAug.
41,873
42,903
218,0si)
Iowa
208,272
July
6,013
4,844
6,013
4,844
Kanawha & Mich IstwkAug.
15,901
15,409
90,770
81,780
630,603 432,401 6,818,047 5,784,344
K C Ft Scott & M
KCMein & Binn
144.379 126,037 2,042,002 1.703.433
Kan City & N VV. May
26,735
27,197
365,391
300,510
Kan City South'n
402,243 329,471 4,753,000 4,09s,07O
Lehigh & Hudson July
34.34C
38,660
31,340
38,600
Lehigh Val RR.. Juue
2,342,434 2,265,077
Leh Val Coal Co. rune
1,858,374 1,823,506
357, S79
Lexing >fe East'n.
31,217
35,131
312,176
Los Angel Term. March
15,301
10,589
128,104
91,012
Lou Hen &StL.. July
57,0 1(
57,040
55,39 1
55.3!)
Louis v <fc Nashv. IstwkAug. 557.505 482,085 2,845,435 2,532,394
&
Binn...
Macon
July
8,520
6,951
8,526
6.951
W& W
i
Latest Date
to
Cur
out
ear
Mtf
Month
July
Manistiquo
.,228 [Mexican Central stwkAug
872,757 Mexican intern) fane
•Mexican Nat'l.. hi. wk Aug.
140,253 Mexican North'n May
50,252 [Mexican Ry
WkJuly 27
44,885 Mexican South'i' 3d Wk July
151,731
52,000
58,000
21,0110
70,394
29,000
07.919
L9.000
30,000
171,
17.3,175
sol
29,009
81,839
-.77
00,295
4..
59,
6,902
16,84 1,1 s t
l,617,435|3,946,956 5 1,17
216,695 IT.").?."..-) 2,639,235 2,331,028
38,821
48,306
,821
48,306
702,172
4<i, 656
740,689
47,085
718,479 700, s 12 7,881,653 7,586,746
15.105
22.17
22,171
15,105
230.02S
113,174
1 1.375
21,
0,900
8,435
4,033,030 3,794,306 47,124,339 42,783,108
«te
Bath
Week
ear
1
1
Julyl
Gross Earningt
ROADS
:DU8
Current
.1
1
Atl
Varntngt
302,505
174,441
607,807
124,701
39,379
7,180
133,956
8,800
54,666
21,731
38,918
29,93b
109,281
101,882
4,753.400
885,203
380,426
53,151
459,100
106,427
8,904
83,934
855,420
575,940
159.354
2,013,102
103,626
100,027
4,075,698
715,295
200,056
18,390
354,425
260.9S6
18,389
900,758
433,341
54,799
524.100
130,633
11,122
114,597
1,180,825
625,301
170,962
2,480,03:'
47,270
27,977
18,712
18,321
72,188,765 62,935,766
230,028
143,174
18,005,900 16.936,666
6,303,279 5,757,303
4,371,266 3,398.116
1,584.950 1,244,109
7,417,109 6,559,522
277,345
269,857
2,581,153 1.739,901
17,573,190 16,121,210
4,052,835 3,435,990
2,234,607 1,845,002
3,442,086 3,276,364
126,919
124,701
39.379
45,990
28,071
38,926
894,840
727,074
8,800
10,600
295,156
256,717
113,429
124,136
206,600
260,705
IstwkAug.
Tor Ham & Buff May
Union Pac RR )
Oreg RR <te N [
3,759,142 3,360,414 43,639,264 39,311,257
Oreg Sh Line.
IstwkAug. 352,517 315,937 1,904,856 1,666,040
Wabash
W Jersey <& Sea e Juue
328,924
326,324 3,581,958 3,291,058
.
WVCen«k Pitt.. Mav
Western of Ala Juue
Ijulv
Wheel & LE
Wisconsin Cent.. 2d wkAug
Wrightsv & T'n.. June
Yazoo & Miss V. July
.
-
101,007
57,832
270,070
107,912
54,045
109,801
8,374
103,404
11,454
316,711
330,131
219,921
1,082,308
821,088
270,070
718.553
159,357
386,131
989,522
739.745
219,926
657,844
109,493
316,711
* Figures for Julv are for the railroad only.
Covers results on lines directly operated east of Pittsburg.
1ncludes Chesapeake & Ohio ton th west 6] 11, Ohio Valley and Chicago and Texas lor both years.
; Mexican currency.
alncludes Paducah & Memphis Division from July 1 in both j ears.
©Includes the Houston & Texas Central and its subsidiary lines. Earnings ol the Cromwell Steamship Line, not previously reported, are
now also included.
c Results on Montgomery Division are included in both years.
(/Includes St. Paul & Duluth lor both years.
e Includes results on Sher. Shrev. & Southern, Mo. Midland and San Antonio extension lor this year, but not lor last j ear.
§
1
AUODOT
THK
17, 1901.1
HRONKLK.
(
For the fourth week of July our final Htatement
oads, and shows 20 35 per cent inoreaae in thi
Totals for Fiscal Year.
In the full page statement on the preceding page
the gross earnings of all roads for the period from Julj
that being now tne beginning of the fiscal year of ll
•
ver the
Ala. N.
Period.
Previous
Year.
A Charlotte Atr Line.
Apr. 1 to May :»i
Bellefonte Cent r;il
Jan. 1 to July 3'
Burlington Cedar Hup. A No. Jan. 1 to Lug. 7
Jan. 1 to June 3
Central of New Jerney
Chicago A North- Wewtem.... J >uio 1 to June 30
Chloago Rock Island <& Pao.. Apr. 1 to June 80
Chlo. St. P. Minn. A Omaha.. Jan. 1 to June 30
Choctaw Oklahoma & Gulf.. Nov. 1 to July 31
Cumberland Valley
Jan. 1 to June e
Denver & Southwewtern
Deo. 1 to Mar. 31
Duluth South BOO. it Atlantic Jan. 1 to Aug. 7
East St. Louis A Caroudelet. Jan. 1 to July 31
Pt. Worth A Denver City
Jan. 1 to June 84
Gila Valley Globe A North'n. Jan. 1 to May 31
International A: Gt. North'n. Jan. 1 to Aug. 7
Lehigh Valley RR
Deo. 1 to June 31
Lehigh Valley Coal
inc. 1 to June 3(
Manistlque
Jan. 1 to July 31
Mexican Central
Jan. 1 to Aug. 7
Mexican International
fan. 1 to Juno 30
Mexican National
Jan. 1 to Aim. 7
Mexican Railway
Jan. 1 to July •2"
Mexloan Southern
Apr. 1 to July •21
Missouri Pacific
Jan. 1 to Aug. 7
Central Branch
Jan. 1 to Au.-. 7
Total
Jan. 1 to Aim. 7
Monterey & Mexican Gull.... Jan. 1 to July 31
Northern Central
|jan. 1 to Juno 30
Ohio River
Jan. 1 to July 28
Pacific Mall
May 1 to Apr. 30
Pennsylvania
jjan. 1 to June 30
Pennsylvania* Northwes'n. Jan. 1 to Apr. 30
Pere Marquette
Jan. 1 to Aim. 7
Philadelphia & Erie
Jan. lto June 30
:
Phlla. Wilm'g'n & Baltimore. Nov. 1 to June 30
Pitts. Clncln. Chic. & St. L... Jan. l to June 3(>
Rio Grande J unction
Deo. 1 to Mar. 31
8t L. Vandalla A Terre H....jNov. 1 to July 3:
South Haven
A
Eastern
Jan. lto June 30
South. Missouri <fe Arkansas.. Jan. 1 to July 31
Terre Haute A Indianapolis.. Nov. lto July 31
Terre Haute A .Peoria
Nov. 1 to July 31
Texas A Paclflo
Jan. 1 to Aug. 7
West Jersey A Seashore
Jan. 1 to June 30
tar.
1
430,375
26.H29
2.849.908
31:', 14!)
2rt, .'-,,
1
3,«sS,173
5,557,9 8
4.501,721
8.U82.252
468,906
S76.350
1.53W.094
93,015
7^8,393
158
2,166,103
"9,«5K
10,3 12.332
74,920
10510,759 10.543, '!7!)
n
2.930.139 2,672,0
4,670,838 4,810,000
2 513.500 2,688.700
2«9,721
291,217
19.64 ' ,958 16,835,196
779,437
768,311
20,952.999 18,059.205
769,77*
808,161
3,9.'0,694 3,799,994
IV 9,624
753,104
3,071,166 3,817,620
44,830,611 40,821,311
225,526
227,045
5.1*3,218 4.636,819
2,984,716 2.631,509
7,678,273 7,350,373
9,751.057 9,383,511
168,920
148,087
1,492,697 1,414,077
24,523
20.521
122,188
99530
1,142.969 1,181,545
401,662
349,865
6.442,310 4,776,046
1.492,752 1,401,152
,
Latest Gross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week.
The table covers the first week of August and
shows 11 -26 per cent increase in the aggregate over the
follows
same week
moo.
I
9
Increase.
t
2,308,393
O.ATex. Pao.—
(Ml. a No. Kant..
58,000
Ala. A Vlokslmrg
ka.Hh. A I'ae
iiattanooga Southern ..
In. N. O. <fc Texas r»o..
ic (Mex.)
•2 (.000
30.0(10
3.H66
177 652
67,600
78, so
1,125,073
26,991
Mexloan Hallway
-.>ruiern Paolne
ianta FePres. .v Phoenix.
i
62,000
21.000
19.0
id
3.317
147.308
66,150
8
Decrease.
9
4.350
6,000
8.000
ll.OOO
30.2hl
1,160
6,700
.,5(
915.697
25,325
209,876
1,666
2 678,120
8,093.01"
3, 913. UK!
8.324,859
4.824 4!iH
3,612.941
495.407
766, MS)
1,477,606
81.0 8
1,020,931
146,478
2 581.143
t-,475,5812,720.995
70,840
1901.
revtonsly rep'diM r'da. 13.572,428 11.26
.
Atlanta
week of Jul/
.1
Current
-ate
last year.
that
LaUsi Gross Earning*.
Roads.
same week
l,
4//i
majority of tin* roads. There are, however, some
These with their
still have their own fl&oa] years.
brought together in the following.
a
:
-
last year.
15,169,410 12.604,072
total (60 roads)
i Increase (20 35 p.o.l.
2,57'
11,050
2,565,338
Met Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroadB
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
jnoe a month in these columns, and the latest statement of
this kind will be found in the Chiionicle of July 20, 1901.
Che next will appear in the issue of August 24, 1901.
Gross Earnings.
Net Earnings.
Current Previous
Current
Previous
—
.
Tear.
<
Tear.
Tear.
Tear.
Roads
42,964
Atl. Knox. A No. a Juno
31,277
11,667
8,170
482,592
418.356
July 1 to June 30...
13^,785
106,888
vtlan. A West PT.b.June
49,656
47.0S5
25,992
10.958
740,689
July 1 to June 30.
702,472
255,008
267,703
Boston A Maine i>
Apr. 1 to June 30'
7,645,889 7,456,097 2,212,255 2,027,017
July 1 to June 30*
30,406,907 30,107,660 8,888,122 9,174,832
Buflalo A S'squeh.—
July 1 to June 30
728,393
Delaware A U'dson Co.—
Renns. A Saratoga b—
Apr. lto June 30
663,471
Jan. 1 to June 30
1,192,262
N. Y.
732,991
307,993
347,990
643,679
1,186,911
168,299
290,720
179,546
326,044
284,322
515,141
101,477
188,353
100,546
175,507
1,159,589
2,341.681
238,967
1,242,286
609.700
570,023
1,308,543
65.679
377,701
1,196,652
90,176
A Canada b—
Apr. 1 to June 30
279,656
Jan. 1 to June 30....
517,294
Albany A Susq. b—
Apr. 1 to June 30
1,237.988
Jan. 1 to June 30
2,499,244
Ouluth So.Sh. A AM. June
216,946
Jan. 1 to June 30
1,168.524
Gas A Electric Co. of
477,557
Bergen County July
22,191
17.236
10,082
6,339
June 1 to July 31
42,204
32,970
17,998
11,693
Kan. C. Ft. 8. A M.* j une
630,603
482,401
311,084
117,723
July 1 to June 30.... 6,818,047 5,784,344 2,587,073 1,813.030
Kan. C. Mem. A B. a. June
144,379
126,037
33.982
31,599
July 1 to June 30
2,012,002 1,703,433
655,155
530,978
L.oul8v.
Nashv.b June 2,371,862 2,177.312
637.711
675,447
July 1 to June 30... 29,215,725 27,742,379 9,789,173 9,138,973
Manhattan Elevated b—
Apr. 1 to June 30
2,499,207 2,316,883 1,171.521 1,013,608
July 1 to June 30
9,416,886 9,138,575 4,163,756 3,905,954
lex lean Telephone June
17,449
15,114
8.168
7,320
Mar. I to June 30
69,351
59,717
31.492
25,787
Mo. Kan. A Texas. a. June 1,201,517
894.165
195,557
831,857
July 1 to June 30.. 15,103,083 12,626,512 4,268,936 3,861,042
Mont. <t Mex. Gulf Juno
111,051
109,758
29,677
20,216
Jan. 1 to June 30
674,899
697,702
198,129
ls0,422
Nash.Ch. A St L. b.June
532,263
535,666
190.098
225,669
July 1 to June 30
7,620,128 7.127,173 2,50^,002 2,440,161
Pacific Coast Co.. a June
466,836
536.373
125,171
127.013
July 1 to June 30.... 6.137,545 5,290,434 1,150,869 1,404,782
Phlla. <fc Erle.b
June
597,655
659.585
244,050
206,125
Jan. 1 to June 30
2,984,716 2,634,509 1,052,820
835,849
Rio Grande 8outh June
45,456
43,737
23,141
17,807
July 1 to June 30 ..
546,226
529,205
259,445
217,542
I'ol.Peorla A West.bTuly
102,402
29.008
93,908
29,387
•vest. of Alabama.b.June
67,832
54,045
19,745
21,766
July 1 to June 30
262,425
821,088
739,745
286,327
• Wei earnings nere given are after deducting taxes.
•» NeT earnings nere given are before deduoting taxt>c
* Includes Fitchburg for all periods, and Portland A Rochester from
<fe
1st
meek of August.
1901.
1900.
Onlo.lndlan'lis A Louis
Chicago Milw. A St. Pan
Ohio. Term. Transfer
Cin. N. O. A Tex. Paclflo
Clev. On. Chlo. A St. L.
Peoria A Eastern
Clev. Lorain A Wheel'g.
uenver « Rio Grande..
Duluth 8o. Shore A At..
Svansv. A Indianapolis.
KvanBV. A Terre Haute.
s
38,794
31,839
131,028
106.726
668,000
128.125
2,094
311,073
126,505
92,305
777,696
31.268
93.163
360,105
47,350
46,514
213.700
53.455
7,150
29,65.
9
35.548
29,009
113,115
84,985
565,000
111.290
2,479
303.818
109,621
73,361
6 17,148
26,630
Grand Trunk Western
Alabama
Gt. Southern.
Buffalo Koch. A Plttsb'g
Burl. Ced. Rat). A North
Central of Geo rsrla.
-.
Chattanooga Southern..
Onesapeake A Ohio ..
Chicago A East. Illinois,
>
Dot. Gr.Hav. A Milw. )
Hooking Valley
Intern'l
A
Gt. Northern.
Towa Central
Kanawha A Michigan
Louisville A Nashville
..
Mexloan National
Minneapolis A St. Loni«
Minn. St. P. A 8. 8te. M..
Mo. Kansas & Texas
Mo. Paolfio A Iron Mt. .
Central Branch
Mob. Jackson A K. City
Norfolk A Western
.
Texas A Paoltto
Toledo A Ohio Central..
Toledo Peoria A West'n.
Tol. St. L. A West.
Wabash
W^oonsln Central
Net Increase (11 26
p. o.:.
44.521
9
2.830
17.908
21,741
103.000
16,835
385
7,255
16,884
18,941
80,548
4,638
5.00^
37,896
9.188
1,993
2,600
28.338
1,314
566,144
537,976
28,168
92,916
64.277
87,422
61,163
42.S03
15.409
482,085
241,541
140,756
51,^61
72,148
231,981
588,000
27,000
2,318
281,363
632.574
159,61b
77.324
5,491
3,114
15,901
557.503
280,049
127,700
63,039
89,845
292,115
635,000
33,000
2,972
275,851
,
216.FO0
1,074
73l,01f>
Fere Marauette
Pittsburg & Western
Rio Grande Southern...
Bio Grande Western
St. Louis A San Fran...
St. Louis Southwestern..
Santa Fe Pros. APhcenlx.
Seaboard Air Line
Southern Kailway......
88.161
322,209
38,162
Decrease.
3.251
52,39'
6,549
41,8 73
.
Increase.
175,831
81.892
10.810
95.000
219.234
117.416
16.776
230,156
631.479
155,478
54,511
19,521
58,715
352,517
109,500
315,937
103,276
9.497,405
8.536,517
10,611
69,200
166.96
108,105
18.242
11 9.640
607,807
133,956
51,666
:>
21.73J
38,918
601
mmm ..„
1,030
492
75.420
38,508
13,056
8,778
17,697
60,134
fc
.
Jan.
1,
1900.
Interest Charges and Surplus.— The following roads, In
addition to their gross and net earnings given in the fore*
going, also report charges for interest, &c, with the surplus
above or deficit below those charges.
.
47,00(1
6,000
Roads.
654
8,512
98.441
16.015
mmmm ...
4,56-
199
25,800
52 269
9,341
30,516
26,672
21,522
»•1,466
,,
155
2,213
N. Y. & CanadaApr. 1 to June 30
Jan. 1 to June 30
29,417
Previous
Tear.
Tear.
9
9
>
Net Sam's.—
Current
Previous
r- Bal. of
Tear.
9
Tear.
9
307,917
617,768
309,807 df.139.618 df.130.261
612,395 df.327,018 df.286,351
92,472
187,199
94,301
185,746
6.245
9.005
1,154 def.10.2d9
Albany A Supqueh.—
254,450
294,394
Apr. 1 to June 30
815,573
315,306
579,065
679,260
617,587
Jan. 1 to June 30
629,283
177.947 def.7.194
Kan. 0. Ft. 8. AM. .June
124,917
133,137
385.887
July 1 to June 'aO
1,540,316 1.457,143 1,016,767
.0,736
26.983
10,863
Kan. C. Mem. B June
6,999
350,727
478,909
180,251
July 1 to Juno iO
176,246
Manhattan Elevated•608,214
*765,124
647,757
Apr. 1 to June 30
647,508
July 1 to June 30
2,677,705 2,707.765 *2,322,434 •2,029,514
42,575
289.282 df.107,964
Mo. Kan. A Texas.. June
803,521
761,779
407,657
July 1 to June 30
3.507,157 3,453,385
.**
19,797
36,580
6,224
990.305
960.888
Delaware A Hudson—
Renss. A Saratoga—
Apt 1 to June 30....
Jan. lto June 30
Int., rentals, etc.
Current
.
.
THE CHRONICLE.
334
Int. .rental*, etc.
i
Current
Previous
Tear.
Tear.
.
ft
$
Roadt.
157,946
Washv. Ohat.A Ht. Juno
170.239
July 1 to Juno 30
1,857,362 1,909,131
17,101
16,802
Rio Grande Honth. Jane
213.492
213.(01
July l t<> June 30
Tol Peo. & WeHt.. July
23,051
22,762
Alter allowing for other lnoome received.
I
^-Bal.of Net Earn' $.-*
Previous
Current
Tear.
Tear.
9
55,430
32.152
651.040
6,040
45,953
5,957
.
—
530.730
1,005
33,941
6,625
$
$
r
l,. )65,333
105,746
19,124
17,563
919.461
310,809
854,955
244,037
124, «70
549
Netearnlngsfr'mopera't'n..
50,444
Other lnoomet
Total earn'gs
* other lno
Deductions from lnoome *
—
Total Income
Interest on funded debt
Dividends on preferred stock
Net Income
of
710,378
1,230,270 1,098,992
203,127
215,588
50,993
8,990
36,687
42,003
30.158
1,014,682
895,865
17,708
16,667
17,187
16,667
123,959
116,625
120,313
116,625
34,375
33,854
240,584
236,938
df 3.696
774.098
658.927
.
company
7,628
<i,529
Companies!—
Affiliated
51,318
Net Income
Proportion to others than
278
Philadelphia Co
21,774
624,133
461,522
421
7,355
6,726
454,796
616,778
21,353
net Income. 51,040
'These deductions lnolude the following items Rentals of leased gas
lines, Interest on current liabilities, interest on consumers' cash
advances, etc
In the
t The net earnings of the affiliated corporations only appear
Income of the Philadelphia Co. as they are declared In dividends.
Allegheny 111. Co.,
1 Includes Consolidated Gas Co. of Pittsburg,
Braddock Gas & Light Co., Allegheny County Light Co., Chartlers
Valley Gas Co., Union Gas Co. of McKeesport, Equitable Gas Co.,
United Traction of Pittsburg.
Phil. Co.'s Int. In
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from which 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 columns the earnings
for the calendar year from January 1 to and including suob
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
Tear.
Roads.
9
Oetroit United... .July
291,388
Jan. 1 to July 31
1,554,935
Intern'l Tr. (Buff.)bJuno
393,685
Apr. 1 to June; 30
922.639
July 1 to June 30
3,092,016
Lehigh Traotion.... July
13.397
Jan. 1 to July 31....
73,076
Latest Gross Earnings.
Gross
Our'nt Prev'us
WeekorMt
Tear.
American R'ys. Co. J. July
June
Blnghamton RR
Br'klyn Rap.Tr. Co.. June
Chicago & Mil. Elec. June
Oin. Newp. & Cov.... June
City Elec (Rome.Ga.) June
June
Cleveland Eleotrio
Cleve. Ely & West... June
Cleve. i-alnsv. & E... June
Consol. Trac. (Pitts.) June
Dart. A W'port St.Ry. June
June ....
Denver City Tram..
Det. Rooh. Ro.& L.O. May
Detroit United
3d wk July
Duluth-8up. Traot
June
....
Dulnth St. Ry s$
June
Galveston City
Harrlsburg Traotion. June
Herkimer Mohawk IIlon&F'kfortEl.Ry. May.
Internat'l Traotion—
June
(Buffalo)
July..
Lehigh Traction.
London St. Ry.(Can.) May..
Lorain & Cleveland.. June
.
.
Mad.(Wis.) Elect. Ry. July..
June
Mass. Eleo. Co.'s
Montreal Street Ry.. June
Muscatine
Newburg
Ry
Ry
St.
St.
New Castle Traotion.
New London St. Ry..
July..
June
June
June.
June
June
Northern Ohio Traot.
Ogdensburg St. Ry..
April.
Oiean St. Ry
.
Philadelphia Comp'y July..
Pottsv'e Union Trao. July..
Railways Co.Gen.—
Roads
LightCo's
Richmond
July..
July.,
Traction.. June.
Tear.
St. Louis Transit
Boranton Railway.-.
Southern Ohio Traot.
Taooma Ry. & Power
Toronto Ry.
Twin City Rap. Tran.
June
July
July
July
June
lstwk Aug
June
Bedford).. June
Union (N.
Union Traotion Co.
(Anderson, Ind)...
United P. & Transp.
United Traotion— )
Albany City J
United Traot. (Pitts.)
United Traot (Prov.)
Wil.&NewCastleElf c
May..
April.,
June
July..
June
.
July..
Tear.
Tear.
9
231,248
1,381,977
213,824
615,306
2,540,740
11,892
64,666
9
148,428
717,463
201,420
436,741
I,t04,t09
7,146
37,209
9
110,615
603,865
107.650
281,380
1,197,012
6,957
30,575
7,9 C 9
21,691
6,819
18,387
3.842
9,462
2.378
6,385
Rochester Ry. bApr. 1 to June 30....
July 1 to June 30....
8oranton;Railway. .July
South. Ohio Tract.. July
Jan. 1 to July 31....
United Trao. (Pitts.) July
246.160
981,721
64,195
35,866
178,821
196,181
229,970
916,299
59,196
31,215
157,855
172,834
102,136
376,171
32,299
18,854
74.790
96,484
86.648
362,283
27,794
18,15*
74,172
71,037
and Surplus.— The following Street
Interest Charges
railways, in addition to their gross and net earningiTgiven In
the foregoing, also report oharges for interest, &c, with the
surplus or deficit above or below those charges.
Int., rentals, etc.
>^Bal.oflfet Earn's.-*
Current Previous
Current
Previous
—
,
Tear.
Tear.
Roads.
Internat'l Tr. (Bnfl.)June
Apr. 1 to June 30
July 1 to June 30
Rochester RailwayApr. 1 to June 30
July 1 to June SO
United Trac. (Pitts.) July
9
94,098
272,864
Tear.
9
Tear.
U22.842
194,030
1,030,435
9
65,348
221,844
901,337
*584,360
75,601
371,311
75,289
293,385
41,792
69,419
291,333
41,794
29,365
90,370
54,692
25.516
85/.05
29,243
9
•47,217
ANNUAL REPORTS.
Southern Railway.
(For the year ending June 30, 1901.
The report in full of Mr. Samuel Spencer, President, and
Jan. 1 to Latest Date extracts from the report of the General Manager, together
Current Previous with the balance sheet, income account and other tables, are
Tear.
Tear.
published on pages 340 to 347.
The comparative tables
below, compiled for the Chronicle, show the results of
466,773
439,482 operations of the company for four years. In the operations
90,689
82,520 the "St. Louis Division" is excluded; but in the earnings,
1.181,023 1.105,006 5,963,240 5,848,155
etc., it is included from Jan. 1, 1901.
17,*53 13,850
65,462
53,187
OPERATIONS, EARNING8 AND EXPENSES.
72,201 73,947 384.638 369,938
Equipment—
1900-01.
189900.
1898-99.
1897-98.
20.265
4,268
3,006
19,204
915
797
764
686
199,696 173,820 1,054,291
965,797 Locomotives
Passenger oars
714
788
682
593
22.236 16,034
£7.368
33,056
23,912
21,162
15,749 13,833
65,449
58,246 Freight cars
673
576
446
367
265,825 247,990 1,451,142 1,366,697 Road service cars..
11,269
7,710
49,547
43,233 Tugs, barges, coal
boats, stmrs., &c.
144
139
89
9
134,737 114,868 695,279 602,390
Operations
36.885
15,703
6,424
6.306
5,254
5,254
64,438 54,184 1,455,242 1,307,200 Aver, miles oper'd..
Passengers carried. 7,437,404
0,t91,958
5,118,011
4,536,254
38,857 38,220 207,665
Pass, carr'd 1 mile..
0,424,293 329,c 94,119 311,020,836 243,420,784
2-349 cts.
2-321 cts.
2244 Ots.
Rate p. pass. p. mile 2-326 ots.
12,253
Fr'ght(tons)
car'dt.
14,121,181 13,590,353 10,220,1100
9,646,226
37,192 31,248
174,077
159,867
Freight (tons) car*2.344,053 "2,2°4,257 1,771,925 1,587,694
ried 1 milet
4,146
4,508
21,834
21,768
0-897 ots.
Rate per ton p. mile
947 ots.
916 cts.
922 ots.
Earnings—
393,685 213,824 1,615,959 1,221,314
6,612
6.306
5,378
4,937
13,897 11,892
73,076
64,666 Aver.mileage oper'd
$
$
$
$
10,00?
7,345
9,633
9,654
Freight
22,929,496 21,006,730 16,099,293 13,679,164
7.959
6,849
39,820
Passenger
8,818,287
7,737,454
7,083,253
5,394,518
577.362 527,731 2,540,521 2,436,796 Mail
1,53?, 903
1,261,422
1,327,807
1,209,294
180.371 168,245 895,869 839,068 Express
638.D14
505,469
675,287
445,033
6,963
5,550
Miscellaneous
701,510
404,249
490,364
367,830
10,936
9.828
41,783
'40",8l6
1 2,947
16,007
56,020
Total
62.094
25,353,686
34,660,482 31,200,870
21,095,839
7.493
6.315
25,487
Expenses—
22,025
58 192 47,566 256,105
212,755 Conduct'g transp'n. 1 ,414,736 10,475,930
8,296,423
7,263,724
2.257
2,140
8,599
3,597,261
8,977 Way and structures 5,68e,092
4,665,231
3,031,171
3.!: 05
3.750
14.754
13.773 Maint. of equlpni't..
5,038,173
4,635,351
3,792,304
2,751,824
162,449 124.869 1,881,309 1,565,332 General
1,153,816
814,531
1,007,143
1,455,145
19,122 17,005
95,42b
855,829
79,655 Taxes
1,050,808
1,047,791
89,657
21.155
63,718
17,201
—
1
i
I
27,436
1,580
23,277
22,578
3,527
19,016
119,180
11,498
103,230
97,071
34,473 29,936 198,815 180,162
505,723 +241,661 3,292,361 2,306,945
64,195 £9,197 374,722 345,044
35.866 31,215
178,821
157,855
31,741 23.784
164,856
134,486
34,227 30,574
928,644 843,089
279,276 239 404 1,457,533 1,325,799
25,343 21,391
120,169 110,911
60,392 1>7,995
$lnc. 15 ,930
264,047
§ Inc. 39,
169,414
705
125,784 119,246 621,927 638,745
196,181 172,834 1.164,266 1,084,841
249,650 211,250 1.217,879.1,082,470
7,657
4,36*1
37,564
24,359
t
These are results for properties owned
t
Strike in July, 1900.
24,343.625
10,316,857
Total
Sacramento Eleotrio
Gas&Ry
Tear.
—
t
Madison (Wis.) Eleotrio
Railway
July
May 1 to July 81
—
Earnings.
—
—
r-Jan. 1 to July 31.^
1900.
1901.
1,881,310
961,849
162,450
Gross earnings
Operating expenses and taxee.161,901
i
Street Railway Net Earnings.— The following table gives
the returns of Street railway gross and net earnings received
this week.
In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be fourjd
in the Chronicle of July 20, 1901.
The next will appear
In the issue of August 24, 1901.
Grots Earnings.
.Ye Karnxngs.
-«
Current Previous
Current
Previous
Philadelphia Company.
•July.
1901.
1900.
LXXI
[Vol.
Net earnings
70 23
P.O. of exp. to earns.
t
21,831,447
9,369,423
(69-98)
17.356,355
7,997,331
14,501,864
6,593,975
(68-45)
(68-74)
* (000's) omitted.
Not including company's freight.
INCOME ACCOUNT.
1899-00.
1898-99.
1897-98.
9,369,423
276,418
42,388
7,997,331
209,920
118,550
6,593,975
149,481
198,897
9,688,229
8,325,801
6,942,351
7,181,296
6,755,44 2
6,207,253
15,535
24,028
93,767
(4) 2,400,000 (£ ) 1 ,81 0,000(2) 1 ,172,904
5,862,768
72,571
(1)543,900
7,404,185
921,616
6,479,239
1900-01. Receipts—
9
10,316,857
Net earnings
445,816
Inc from investm'ts.
Mlscellan's income..
52,890
10,815,563
Total
Deduct—
Fixed oharges
and
rentals
Miscellaneous
Dividends on pref .
Total
Balanoe, Burplus
a
. .
9,675,063
1,140,500
8,570,977
1,117,252
463,112
August
17,
THE CHRONICLE.
1901.]
GENERAL BALANCE SHEET JUNK
laoi.
$
A.8SCta~m~
1900.
«T
1901.
30.
1899.
*
LiabUUU
1898.
lllUOll
$
287,782,030 278,340,407 273,350.971 803.5HO,s:<u
Coat of road
CoBt of equipment.. 19,991,04 > 10,758,017 18,507,188 VI, I.
Seourltien pledged or
held for control. .. 35,538,760 21,921,371 21,496,277
3. 'fS6,9 >2
'5,637,538
3,457,805
Si ourltles owned.
1,186,873
1,785,311
8,2 2,211
Miut-r'ls A supplies.
179,191
186,235
201,0al
Kills rec, deferred..
8,(509
3,516
11.117
Insur. pd., not aco'd
160,185
170, S53
lu8iiraui-« land
1O9.707
130,515
114, 382
Sinking (and
.
.
Cash on hand
C
i-ii
3,557,347
630,221
in transit
Due from
621,458
893,884
545,305
943,252
55,295
229,101
ag'ts.eto
U.S.Oov.
"
o n lines.
"
lndlv. dcoo'a.
BUlreo'v'lile.curr'i.
Sundry accounts
—
3,388,676
507,456
332,948
556,017
1,013,508
66,580
1
—
)
mt->
1,90
1,07
laol proprl rd».
i,
.
17:;.
:
l*>.52l
i
ied
notdue.
vouch
oil* and
tolndlr**
>v
ainoellaueous
2,506,496
881,0]
120,000,000 120,000,000 120,000,000 120,000,000
60,0.0, 00j 60,000,000 60.000.00J 57,290,400
Preferred stock
Mobile .v O. stock
4,896.900
trustoerts
124.581.70J 101,970,200 103,932,300 101, 236,000
Fancied debt
seourlt's
OutBtand'g
of leaseu'd ^states 25,552,800 25,952,203 21,5)8,000 12,350,000
202,818
133,890
339,982
13 1, 873
Equipment notes ..
1,675,996
4,002,997
Ecj.utp.obHg. So. Ry.
1,000,000
2,950,000
2,916,667
4,180,000
Ctfs. of tsdebfuesa.
207,000
107,000
No.E RR.oIGa.pur.
620,376
1,530,872
1,381,576
2,013,316
Rjservefund
2 37,822
249,396
350,085
356,071
Taxes aco'd. not due
Unpaid wages
Due
oontieot'g lines
Duetndlv'ls&oo'a..
Mi
cellaneousaoo'ts
Profit
and
loss
Total liabilities
746,838
586,460
597,465
524,430
2,112,635
49,718
1,189,612
1,200,000
1, 1^9,777
1,009,067
35,^67
2,048,393
1,829,790
450,595
324,305
168,600
4,637,254
391,563
631,040
56,231
3,510,702
1,909,532
30,113
1,252,971
600,000
857,993
398,217
292,237
149,495
2,366,564
900,000
1,114,111
358,214,393 323,750,320 313,903,^71 299,894,853
* Inoludes $2,538,000 3outhern Ry. oonsila. in treasury and $3,099,538 miscellaneous securities owned, unpledged.—V. 71, p. 286, 237.
Buffalo Rochester & Pittsburg Railway.
("Report for the year ending Juie 30, 1901.
The remarks of President Arthur G. Yates are given on
page3 317 and 318 of to-day's Chronicle.
The figures of earnings, expmsas, balance sheet, etc., have
been compiled for four years for the Chronicle as follows:
OPERATIONS, EARNINGS AND EXPEN8ES.
1897-93.
1898 99.
190001.
189900.
336
338
472
472
Road oper. June 30
Eq uipmcat —
Locomotives
Passenger cars.
...
177
79
10,0)0
309
164
53
162
67
142
53
7,248
261
7,771
8,858
Fr.ight oars
247
300
Service oars..
Oper alio ,s—
772,371
733,208
901,425
Passengers carried. 1,002,677
Pass, carried 1 mile 31,360,229 23,^54,594 17,095,220 16,255,160
2-12
2-12
2161 ots.
ots.
ots.
Rate perpass.per in. 207 ots.
4,092,850
4,561,172
4,237,679
Tons of bit. coal oar. 4,590,523
543,231
553,050
579,382
592,507
Tons of ooke oarried
5,374,173
oar.
6,641.744
6,247,910
Tot.t'ns(allfr't)
6,771,047
129-3
12329
12508
13616
Av.dis.haul.l tonm
Freight (tone) 1 m.. 875,637,033 904,350,6ol 770,285,887 734,471,656
0*412 ots.
0'466 ots.
0423 ots.
Rate per ton perm. 0-546 ots.
EarningsPassenger
Freight
Miscellaneous
$
778,506
5,006,267
18,920
$
547,922
4,430,048
14.177
$
405,389
3,375,385
7,682
5,803,693
4,992,147
3,788,456
3,683.590
1,632,202
1,371,858
656,743
496,694
102,972
102.000
138,269
586,310
384,172
99,054
70,500
103,713
1,243,376
597,010
Ext'dinary ifeimp'ts
1,877,422
694,546
570,836
134,372
102.OJ0
29,856
Total
Net earnings
3,409,032
2,394,661
3,123,830
1,363,267
2.615.613
1,172,343
(6904)
13,512
Total
Transportation
Matnt. of equlDm't.
Maint. of way, etc.
General
Taxes
P.c. op. ex. to earns.
(62-67)
Other income
Total
Disbursements —
lnt.on b ds & oar tr.
26,926
1,144,532
691,258
664,121
649,210
647.066
18,900
473,726
52,037
500,278
33
360,000
120,c00
18,900
303,114
21,717
303,708
421
(1) 240,009
18,900
127,964
13,900
121,931
330
120,000
4,264
120,000
(6)
(2)
2,216,282
205,305
1,557,281
325,974
BALANCE SHEET JUNE
1901.
Bills receivable
Materials on hand..
Agents* conductors
Individuals & cos..
Advances and misc.
Total. ...
(2)
1,916,404
869,951
(2)
912,211
232,321
1398.
1899.
$
22,449,096
$
$
546,862
4S3.560
306,956
98,020
313,518
118,142
410,873
475,641
193,777
16,002
82 ,121,755
1 ,519,391
,003,670
110,417
87,561
3d5,553
93,812
87,488
10,771
21,760,605
1,517,949
1,003,670
23,466
112,920
332.025
340,011
173,560
27,605,974
26,500,112
25,390,419
25,264,198
1,003,671
134,524
61,142
1,519,391
1,003,671
»2
35,848
26,500,112
)
3 7"
1
1
1
•
53,3->7
5,455
,537
25,390,119
25,261,198
.
1899.
1893.
$
1897.
$
30.855.203
operafg expenses. 18,745,828
29,230 038
16.999,872
$
26,138.977
15.603,605
24,019,^35
13,745,759
Net earnings... 12, 109,375
933, 125
interest reoelvel...
12,230,166
1,150,198
10,475,372
423,367
10,303.776
310,706
Tot.n«tinoome.l3,042,800
7,305,835
lived ohargen
150,000
Kor steamships
13,380,364
6,816,676
155,000
10,898,739
6,774,320
10.644,482
6,783,307
IB
l)lvB.oncoin.8tk..(5>3,2o0,000 (5) 1.250,000 (1)2,600.000 (4)2,600,000
(4)354,840
(4)172,708
(4)364,026
Diva, on pf.stook.(4) 1,222,507
2,203,848
1,114,458
Balance, sur..
72, p. 871.
1.051,711
897.039
-V.
Boston & Maine Railroad.
('Statement for the year ending June 30, 1901. J
Iu advance of the pamphlet report, the statement of results for
we compare with
190001 has been issued, which
previous years. The operations of the Fitchburg RR. are
iacluded in the current year, but not in the earlier year;
those of the Portland & Rochester RR. are included from
Jan. 1, 1900, only:
EARNINGS, EXPENSES, ETC.
1900-1.
$
30,106,907
(iross earnings
Operating expenses. 21, 5 18,785
1899-0.
&
1898-9.
&
1897-8.
«£
22,148,602 19.8JO.607
15,564,961*13,705,977
19,742,916
13,680,790
Net earnings
Other inoome
8,888,122
988,713
6,583,641
677,316
6,184,630
658,553
6,062,156
Total net....
Fixed charges..
9,856,835
8,015,137
7,260,957
5,508,920
6,841,184
5,493,939
6,759,475
5.426,272
1,841,698
151,285
1,752,037
64,717
1,347,244
Sinking fund
67,8 29
1,333,203
69,779
1,600,413
1,645,000
1,687,320
1,515,304
150,000
1,279,415
1,234,002
1,263,424
1,234,002
45,413
22,016
45,413
29,422
mianoe
Divldendsl
Contingent fund
Surplus.
Inoludes in 18 )8-9 $189,714 for equipment and
Includes 6 per cent on preferred In all the years
*
1
common in the two later years; in the two earlier
paid on the com non stock —V. 73, p. 235, ls3.
697,320
automUio oouplers.
and 7 per cent on
years 6 per oent was
Louisville & Nashville Railroad.
(For the year ending Juie JO, 1901.
The results for 1900 1901, compared with previous years,
were as follows:
EARNINGS AND EXPENSES.
1900-01.
1899-00.
1S93-99.
9
$
$
27,742,379
23,759,486
1897-98.
$
21,996,653
18,603,406
15,731,588
14,921,730
9,789,173
9,138,973
8,627,898
7,074,923
(6649)
(67-06)
(6621)
(67-84)
704,638
650,044
540,645
590,776
;ro88 earnings
29,215,735
Operating expen's,
excluding taxes. 19,426,552
c
.
Net earnings
oent of exp. to
earnings
1'er
Income
from invest., rents, &o...
Total income... 10,493,961
Disbursemeiils—
Taxes
interest
Rents
<rg.RR.l088
other roads loss
sink, fund (net) ....
ro8. AN. A
Miscellaneous
Dividends
9,789,017
8.568,513
7,665,699
813.538
4,871,593
280.143
785,568
4,833.446
158,167
735,330
4,814.320
157,383
12,637
128,900
65,110
53,464
3,641
130,270
202,851
50.840
640,249
4,815,998
156,594
162,620
12,4-0
162,007
56,472
26,375
8,907,748
1,586.113
8,281,783
1.507,234
127,180
46.165
48,579
(5)2,695,000 (4)2.112,000 (34)1,848,000
Total dlsburs...
n.ilanoe, surplus..
-V. 73, p. 80, 82.
7,739,644
773,900
0.032.795
1,632,901
Pennsylvania Company.
30.
1900.
Assets —
*
Cost of road&eqnlp. 23,441,818
Cost of prop't'y rds. 1,519,391
Investments
Cash
22,514
1,186,355
Special approp't'us.
Total
(69-54)
1,883,255
Rentals
Sinking fund
Surplus
2,561,572
1,122,018
2,421,587
Interest on bonds of
proprietary roads.
Miscellaneous int..
Dividend on pref...
Dividend on com...
19,988
433,025
93,005
62,303
132,353
73,0
.'in
181,817
291
32,9 72
5,455
(Jross earnings
7,121
Expenses—
870,000
131,632
611
2
.
190001.
$
394,675
3,231,794
Ml
Canadian Pacific Railway.
1,077,278
728,551
422,970
230,197
177,196
1,454,951
II
804
("Report for the year ending June:;", 1901,)
The preliminary figures for the new fiscal year ending
luae 30, compared with the results for calendar years as
previously reported, were:
Calendar years.
rear.
.
Interest and rental
accrued, not clue..
Interest and rental
due and unpaid...
For'gn fr'ghtolaims.
Audited vouchers..
Reserv. for dlvl'nds
1
1,18
27,605,974
t
C«iumon stock
1,1'
6,000,000
10/ 2
V. 73, p. 236.
.,598
718,732
53
62,079
2,0 13,000
1,88
I'lOlllttUd loss
10.
6,0O'
6,00'.
655,9 (JO
56,732
85,458
ooa.
J8.
1
6,000,000
6,00
10,629,000
804,000
37o
141,122
tate mtges
358,214,393 328,750,820 318,903,571 299.891,853
Total assets
Liabilities
3,507.431
470,961
555,107
340,618
582.501
1,035,010
55,846
103,689
preferred ...
(seeSOPi'T
,-
JO.
The
("Report for year ended Dec. SI, 1000.
results below are on all lines directly operated by the
Pennsylvania Company:
OPERATIONS.
18.9.
1898.
1900.
Miles operated Deo. 31
1,225
1,385
1,395
Passengers carried
6,29b*.675
5,745,
7,345,017
PasBjugers oarried one mile
20l.445.4J5 173.692,787 153, 324,61s
Aver, rate per passenger per m.. 2"09 ots.
2-07 Ota.
205 ots.
Freight (tons) carried
41,72 1,8 18 40,720.737 33,330.730
Freight (tons) oarried one mile. .32520814 23 3381727167 2^06057739
vverage rate per ton per mile... 059 ots
0-51 ots.
54 ots.
THE CHRONICLE.
336
EARNINGS, EXPENSES AND CIIARCKH.
1900.
Earningi—
1898.
14,226,068
3,385,859
421,241
860,869
94,002
Interest
Rentals
Express
508,^4
Malls
717.852
608,958
109,018
17.238.868
3.749.624
467.2V7
640,767
805,747
84,553
25,407,563
22,986,827
19,561.400
4,025,260
3.859,408
8,802,958
429.023
889,315
3,027,028
3,497,062
6,193,236
377,600
864,286
2,357,0?5
2,469,870
7,440,189
393,490
840,533
18.005,964
7,401,599
2,316,008
15,959,211
7,027,616
2,076,452
13,501,107
6,060,293
1,423,624
9,717,607
9,104,068
7,483,917
6.312,680
1,073,250
127.90J
1,263
82,910
6.75=,574
1,073,250
26,512
3,068
95,735
5,600,144
1,067,125
39,556
2,422
7,598,003
2,119,601
1 ,000,000
6,957,137
2,146,931
1,000,000
6,825,343
659,574
1,119,604
1,146,931
658,574
Rents
Miscellaneous.
Total
Expenses—
Maintenance of way, etc
Maintenance of equipment
Conducting transportation
General
Taxes
Total
Net earnings
Adrf-lnt. and
Total
from Invest..
div.
—
Diihcct
Rentals
Interest on bonds
Car trust payments
Miscellaneous interest
Advances to railroads
Total deductions
Net income for year
Transt'ed to "extr'y exp f und"
.
. .
Surplus
Asse's—
1U.096
Real estate
Real estate In trust
Union Line property
Steub. Extension RR. lease
Leased roads, betterments
Dues In current account
Advances
Station agents, etc
Bills receivable
Material on hand
Miscellaneous assets
Cash with Treasurer
4Vo bonds
Sinking funds (leased roads)
Total
Liabilities
1899.
$
$
21,000,000
24,477,000
companies
for
supplies..
831,832
Lessor
Dues in ourrent account
1,423,664
2,426,471
Current expenses leased roads.
Miscellaneous liabilities
3,660,737
455,085
Interest on 4k% bonds.
Interest on 3^96 trust certificates...
57.750
Interest on 4*4% bonds in sink. fund
359,775
Extraordinary expenditure fund
1.917,252
Reserve fund, leased roads
2 812,153
Profit and loss
5,176,318
Capital stock
,
—
Total
-V.
$
21,000,000
24,477,000
8*1,832
1,036,509
2.405,618
4,936,745
457,650
57,750
335,790
1 ,000,000
5,521,883
3.944,022
21,000,000
24,417,000
831,832
2,678,487
1.447.C03
2,632,407
463,500
57,-7
50
311,805
5,277,220
3,888,493
64,598.037 66,004,798 63,005,497
72, p. 821.
Manhattan (Elevated) Railway.
(StaUment for year ending June 30, 1901.
The
results for four years
have been as below given
189900.
$
1900 01.
$
1888-99.
1897-98.
$
9.183,512
5,326,057
Gross earnings
9,416,886
Operating expenses. 5,253. 130
9,138,573
5,232,620
$
8,719,495
5,251,167
Net earnings
Other Income
4,163.756
836,412
3,905,9*3
831.325
3.458.329
340,600
3,856,885
211,715
5.000.U8
4,737,278
2,707,765
3,798.929
2,678,417
4,068.600
2,645,3^4
'Botal
Fixtd charges
Balance...
Dividends
2,677,704
$7,620,128
5,111,126
$7,127,173
4,687,012
Net earnings
$2,509,002
$l,022,S50
V09.134
625,878
$2,440,161
$1,034,120
$651,640
$530,730
Taxes
Balance, surplus
-V.
2.322.464
2,029,513
1,120.511
1,423,276
(1)1,920,000 (4)1,920,000 (4)1,380,000 (4)1,200,000
sur.402,464
sur.109,513
def.259,488 sur.223,276
GENERAL BALANCE SHEET JUNE
30.
1901.
1900.
$68,4 3.',898 $64,561,728
Cost of leases
14,014.000
14,014,000
Other perm, invest's, real est. 3,268,348
3,185,865
347,903
Supplies on hand, etc
257,245
Due on acoount of traffic
9.753
14,023
Assets
Road and equipment
Other acoounts
Cash on hand
Loans on collateral
Jay Gould suretyship
Redemption of bonds
Sundries
Total assets
Liabilities
—
Capital stock
Funded debt
Man
4%
bonds, special...
Loans and bills payable
Interest due and accrued
Ry.
Dividends unpaid
Wages, supplies, eto
Taxes
in litigation
Open accounts
C'onv.
bond
certificates
Sundries
Profit
and
Total
-V.
loss (but.)
liabilities
623,231
72, p. 87.
New York Ontario & Western
Ry.
year
ending
(Statement for the
June 30, 1901.)
The following statement of earnings and expenses for the
late fiscal year has been compiled for the Chronicle
:
190001.
189900.
1898-99.
$4,346,163
2.970.110
Gross earnings
$5,322,87? $4,963,482
Operating expenses and taxes.... 3.77/. 147
3. 4 14.917
Net earnings
$l,545,72ti $l,548,&b> $l,i7e,0.'>3
Other Income
417,245
273,692
167.919
Net income
$1,962,971 $1,822,257 $1,543,972
ttt-3 233
Interest and rentals
1.083.760
920,255
Balance, surplus
$8,9,i.ll
#859,024
*Oi3,/17
-V.72,p. 1136.
International Traction Co. of Buffalo.
Statement
(
for the year ending June 30, 1901. J
Results compared with two previous years were as follows:
Gross earnings
Operating expenses
1900-01.
$3,092,016
1,587.407
$2,545,740
1,318,728
1898-99.
$2,333,316
1,354,912
Net earnings
Miscellaneous income
$1,504,609
110,186
$1,197,012
75,636
$978,404
85,440
Total net income
Fixed charges
$1,614,795
1,030,435
$1,272,648
901,336
$1,063,844
871,795
Balance, surplus.
$584,360
$371,312
$192,049
1899-00.
-V. 71, p. 1269.
18 months.
1899.
225,015
150,697
9,604.416
300.000
9,000
240,557
12,461.516
300,000
122,000
229,062
$62,608,639
14,014,000
3,031,995
222,152
9,807
104,868
993.699
13,14 9.22"
300,000
8,823
143,908
$96,602,594
$95,331,440
$94,587,111
300,000
300,000
300,000
362," 09
292,709
7,358
401,875
1,945,558
292,910
12,492
173,5« 6
11 months.
1899.
$1,32^,374
1900 01.
Profit for the period
$1,127,506
817,068
Dividends on 7 per cent preferred stock
Balance
Balance forward, $831,877,
490,497
$310,438
less adjustments
appertaining to the results of 18»9, $31,898..
Net surplus per balance sheet
$831,877
799,979
$831,877
$1,110,417
Pending the completion of the negotiations for the funding
of the floating indebtedness, the directors deem it wise to
carry this balance forward.
The net profits for the eighteen months as above ($1,127,506) are given after making deductions as below:
Gross profits, after charging cost of materials, wages,
salaries, selling expenses, taxes, insurance, and other
operating expenses, and bad debts
$1,950,521
Dtduetions—
Executive offioes, branch managers and directors
$126,124
Repairs to buildings, machinery, plant, etc
$467,097
Extraordinary expenditure at steel works
14,500
Written off, extraordinary expenditures, at sheet
mills (out of $21,846)
14,563
496.160
Interest
166,792
Written off, expenses of organizing and incorporating company
29,939
Written off, expenditure on new catalogues
4,000
Balance, net profit for 18 months
$1,127,506
BALANCE SHEET OF JUNE
Result
252. (HO
National Enameling & Stamping Co.
(Report for 18 months ended June 29, 1901.)
The fiscal year having been changed to end June 29, the
following statement is made covering the operations of the
company for the 18 months from Jan. 1, 1900, to June 29,
1901.
(The results for the eleven months ended Dec. 31, 1899,
66,004,798 63,005,497 are given for comparison)
.64.598,037
—
Funded debt
1898.
41,466,633 40,642,997 41,010.300
3,073,128 3,078,828 3,053,027
9w2,389
996,955 1,105,989
70,971
65,350
340,728
4,935,711 4,935,711 4,875,074
1,238,573
2,257,838 1,841,777 1,006,681
9^9,774
1,983,026 2,341,977
509,846
473,620
834,404
339,662
649,698
772,254
214,584
321,354
966,145
678,058
1,664,481 1,128,747
1,053,368 1,284,474 2,253,156
875,685 1,026,613 1,291,256
463, £00
455,085
457,650
2,812,153 5,521,883 5,277,220
Equipment
Cash for Interest on
1900.
Gross earnings
Operating expense!
.'72,462
BALANCE 8HEET PENNSYLVANIA COMPANY DEC. 31
Securities
which were kept separate until July 1, 1900,
being included in the earlier year for purposes of comparison.
190001.
1899 00.
sion. 254 miles,
L899.
$
19.0!)3,716
4,3(i9,465
Freight
Passengers
[Vol. LX2I1I,
29, 1901.
Liabilities
Assets
Plant, good will, <fec. $22,447,420
Materials & supplies .
3,770,209
Acots. & bills receiv'l.
1,114,280
Payments
in advance.
Miscellaneous
Cash
—
Capital stock issued—
Preferred stock.
$8,396,600
Common stock
15,441,800
Mortgages assumed ..
Bills payable
Sundry creditors
Reserve for bad debts,
49,823
78,936
525,722
Total
$27,986,390
311,522
I 6,593
1,110,417
etc
Balance
-V.
525,000
2,134,457
Total
$27,986,390
73, p. 219.
United States Cast Iron Pipe & Foundry Co.
(Balance Sheet of May 31, 1901
The balance sheet of May 31, 1901, compares with that of
$47,999,700 $47,999,700 $47,950,568
39,5 '4,000
39,635.000
39.547,000 September 30, 1899, as follows
e
:
27,358
457.452
2,663,911
53,118
42,035
36,038
5,106,273
$96,602,591
69,8
-7
44,035
34,098
4,571,298
7.374
355,719
1,482,758
7 4,027
44,035
70,935
4,461,785
$95,331,440 $91,587,111
73, p. 138.
Nashville Chattanooga
&
St.
Louis Railway.
("Statement for the year ending June 30, 1901 J
The following is an official comparative statement for two
years past, covering the entire present mileage of the road
(1,195 miles), the operations of the Paducah
Memphis divi-
&
Assets—
Treasury stock
Unissued stock
Sinking fund
Plant investment
Jfflj/31,1901. Sept.30,\S99.
$347,555
5,000,0
:
Cash
Raw and manufactured material
Acoounts receivable
Total
Liabilities
—
Preferred stock
Common stock
American Pipe & Foundry Co. bonds
Anniston mortgage bonds
Bills and accounts payable
Surplus
Total..
-V. 71, p. 1124.
$344,555
5,100,000
31,797
24,066,941
260.5B8
1,429,869
1,854,136
24,053,129
274.197
1.432,724
1,681,563
$32,990,866
$32,786,168
$15,000,000
15,000,000
1,191,000
105,000
1,191,506
500,360
$15,000,000
15,000,000
i, 199,000
140,000
870,9^9
576,209
.$32,990,866
$32,786,168
August
17,
THE CHRONICLE.
1901.]
GENERAL INVESTMENT NEWS.
337
Consolidated Railway \ l'onirl'o uT Salt Luke City.—
ContoUdfi ted Company. Tola company has been incorporated in Utah, with $4,000,000 of capital stock in share* of
each, to take over the two btreet railways of Salt Like
City, including lines inventoried as follows
Salt Lake City KR 47-5 mile*; Milt I.ak« Rapid Trani.lt Oo line,
21-91 BUM! Kan' Briji-ii Su.i-t Kill way Co. line, 1 '938 ml.-- Pop
-47'j ml
liertou Place A fort Douglas Rapid Transit Oo. line,
—
RAILROADS. INCLUDING} STREET ROADS.
i
Contributions.— Subscribers and
others will contribute
value
maternally to the completeness and
of litis dcjxtrt rut nt
if they will send us promj)t information as to all matters
coming within thtir personal knowledge affecting t/.<
financial status of any OOmpany whose securities arc held
by the public, particularly facta as to new stock and
.
]
innWliiK a total leut'th of the lines, Including
Idlngs, 72-837 miles.
Rood
C. L.
Joseph
.ir<
ii
S. Wellrt,
double
ti
ick*i,
-vuicl.ei
Preti lent, W. P, Read. Vice-President, and
Secretary and Treasurer. The incorporators
:
M. KUerbeok, W. P. Read. E. B.
Rood, (!. 8. Gannett. E. E. Cal\ln
consolidations, defaults in interest
or dividends, protective committees, reorganization plana,
8. Wells, E. V. McCune. B.
("rltchlow, Hpencer Clawson, C. L.
and E. W. Wilson
Copies of official circulars, readjustment plans or nofinancial reports of every kind and brokers' offerings
of new securities will also be appreciated.
Delaware & Hudson— Albany & Susquehanna— New York
& Canada -Rensselaer & Saratoga.— Earnings of the D. &
II. leased lines in Naw York State for the six months ending
bond
issues, leasts
and
etc.
tices,
Joseph
June 30 were
American Elevated RK.— New Froject.— This company,
^-Albany
<fc
Susqwh.—.
/-A'.
V.\ Canudu.—.
i—Rtns.
A Saratoga j-,
It'"1001.
1000.
1901.
WOO.
1900.
moiitJw—
incorporated in New Jersey, with $5,000,000 authorized cap»2.»41.t'8l
»51.r>,l.l
$617,294
|l,l(W,i62 H.lMl.Ult
t2.4W>.2U
(JroM
200,721
ital stock (no bonds), announces its plan to make the passen176,608
1,190,653
188,36*
.... 1,308.643
1*5,746
187,201
617,517
817,7*8
889,888
ger service of existing railroads more profitable by building CharffM
67«,Oe5
gur. 1,16:1 df.lO,23S
67H.260
e
under patents owned by it "elevated stucturts for exV.73, p. 8.'; V. 72, p. 037.
press and passenger service over the road beds of present
Detroit & Pontiac Ry.—Neto Mortgage.—This company,
steam lines without interfering with the present system, so controlled by the Detroit United Ry. Co., has made a first
far as freight business is concerned and without involving
consolidated mortgage in favor of the Washington Trust Co.
the present organizations in new financial burdens. Briefly,
of New York as trustee to secure $1,100,000 of 25-year A%
the company is to finance and build these structures upon a
per cent bonds. Of the new issu*, $500,000 will presumably
plan that will guarantee to the steam railroad companies a tie
held to retire at maturity a like amount of first mortgage
fair profit and secure to the traveling public an idtal method
5s due in 1922, and the remainder, it is said, will be available
of traveling, free from dust in summer or snow drifts in
for providing additional double track, power and equipment.
winter, and above all give rapid transit with practical safety
The mortgage is dated June 1, 1901, and the bonds are guarat a uniform charge of one cent per mile. Contracts are now
anteed by the Datroit United Ry. Co.— V. 72, p. 1135.
{lending for the building of several of the most desirable
ines between populous centres." The prospectus further
Detroit United Ry.— Guaranteed Bonds.— See Detroit &
Pontiac Ry. above.— V. 73, p. 236, 137.
gays in part
This system Is a combination of patented Improvements in railroadHerkimer Mohawk Ilion & Frankfort Electric Ry.— CYming approved by leading engineers upon the development whereof solidation.— See Utica & Mohawk Valley Ry. in last week's
hundreds of thousands of dollars have been expended. The system is
am electric elevated road with a double central rail [between the parts Chronicle (page 288).— V. 72, p. 1187.
of whioh runs a ball flange on the wheels] and an additional Inverted
Jersey City Hoboken & Paterson Street Ry.— Guaranty
rail under each end of the lies, which serves as conductors ana also to
balance and bind the cars npon the track. Quoting a recognized Approved. The sharenolders on Thursday approved the
authority. "This system can be run with perfeot safety 200 proposition to guarantee $1.000,00j bonds of the Bergen Turnmiles an hour." Instead of carrying 2>-j tons per passenger, as Is done pike Co.— V. 73, p. 236, 184.
on fast trains on the old system, we carry less than 250 pounds ptr
Kansas C-ty Memphis & Birmingham RR.— Interest on
passenger. In a word, this system eliminates acoidents from ordinary
causes and reduces operating expenses to 25 per cent of steam lines.
Incomes.— Five per cent inttrest has been declared on the
The President is Osborn Congelton Treasurer, Henry F. income bonds, payable Sept. 1, 1931. These bonds were ofWest; Secretary. George H. Cook; office 96 Broadway. The fered certain terms in March last (see V. 72, p. 438).
Bowling Green Trust Co. is registrar of the stock. Contider- V. 72, p. 722.
able mystery surrounds the new enterprise, the names of its
Louisville & Nashville RR.— Called Bonds. Twenty-nine
financial backers being withheld. The stock was offered "on bonds ($29,000) Henderson Bridge Co. bonds have been
the curb" by one H. Tomlinson from Philadelphia. In addi- drawn by lot for redemption at the office of the Central Trust
tion to other plans, the company, it is claimed, contemplates Co. of New York: on Sept. 1 at 105 and interest.
building an elevated road on Broadway from 14th St. to HarAnnual Statement.— See page 335.— V. 73, p. 80, 82.
lem under a franchise alleged to have been granted to the
Metropolitan District Electric Traction Company,
Metropolitan Transit Co. about twenty years ago.
Limited, of London.— Organization. This company was
Baltimore & Ohio RB.— Option to Convert Bonds.— The incorporated July 15, 1901 under the English Corporation Act,
holders of the $15,0u0,000 four per cent ten year gold con- with £1,000,000 capital stock in £20 shares, to cairy out the
vertible debentures are offered the privilege of converting agreement of C. T. Yerkes with the Metropolitan District
the same or the full-paid subscription certificates therefor, Railway Co. for the electrical equipment, etc. of the system.
on Sept. 12, 1901 (and thereafter until further notice by The subscribsrs to the stock are:
the company), upon thirty days' prior notice thereof in
Charles T. Yerkes, 16,800 shares; John J. Mitchell, Chioago, 1.000;
writing to the company at its office, No. 2 Wall Street, Maryland Trust Co.. Baltimore, 4,000; George R. Webb and H. A.
Baltimore, 500; P. Calhoun, New York, 2,500; Brown Brothers
New York City, or to bpeyer Brothers, 7 Lothbury, E. C., ikParr,
Co., New York, 2.5O0; Simon Borg & Co., New York, 1,000; PeuiberLondon, England, into the common stock of the company, $ ton MoAdoo, New York, 1,000; J. G. White Co., New York, confor $. The right of conversion as previously conferred was tractors, 2.0OO; H. V. Marckwald, New York, 500; Alex. Brown
Sons, Baltimore, 1,000; Henry H. Rogers, New York. 2,f>00; K. J. Harnot to begin until March 1, 1902.
New York, 1 00; John R Parsons, Pres. Union Traction Co,
New Stock.— Notice has been given to the New York Stock rison,
Philadelphia, 250; J. Wilcox Brown Pres. Maryland Trust Co., 2.iO.
Exchange of the increase of the common stock from $45,000,- Govett, Sons & Co., London,|3,150; James Phillips Jr., Boston, 500; T.
000 to $60,000,000, to provide for the conversion of any deben- Jefferson Coolidge, Boston, 2,250; Frederick Ayer, Boston. 2,600;
F. Ayer, Boston, 400; Lee, Hlgginson & Co., Boston. 1.000; F.
tures presented for exchange under the terms of the above Charles
H. Prince, Boston, 500;
harles G.Weld, Boston, 1,000; Charles F.
notice.— V. 73, p. 286, 235.
Adams, Boston, ICO; Alexander Cochrane, Boston, 250; Arthur T.
Lyman, Boston, 100; George P. Gardner, Boston, trustee, 100.
Boston & Maine RR. Quarter ly.— Earnings for the quarter
Mexican Central Ry.— Purchase.— See Monterey & Mexiending June 30 were
can Gulf RR. below.— V. 72, p. 1237.
Gros$
3 months
Net
Other
Interest,
Balance,
end. June HO. earnings,
earnings.
Michigan Central RR.— Payment of Bonds. —The principal
income.
surplus.
taxes, tic.
1901
$7,645,8^9 $2,21'/,255 $2*4,ol5 $1,997,165 $49a,10r> of the §1,661.000 Jackson Lansing
Saginaw RR. extended
1900
5,507.299
1,326, 525
223,835
195,065 consolidated
1,355,295
5 per cent bonds due Sept. 1, 1901, will be paid
The operations of the FitchVurg RR. are included in the on presentation at the office of J. P. Morgan & Co., New
current year, but not in the earlier year. The results for the York City, on aDd after Sept. 3, 1901, or at the office of the
year ending June 30 will be found on a preceding page. V. Ninth National Bank, New York City. The Michigan Cen73, p. 235.
on
tral will issue its V/
2 per cent bonds for $2,000,000, secured
Central New England Ry.— To Build Around Montague this division.— V. 72, p. 1238.
Farm. The East Granby & Suffield RR. Co. has been incorMonterey & Mexican Waif RR.— Termsof Sa le— Agreeably
porated, with $100,000 of capital stock, to build about four with the stipulation made with Messrs. J. & W. beligman
miles of road around the Montague farm in East Granby, the V Co., who negotiated the eale of the controlling interest in
opposition of the owners of which has heretofore blocked the Monterey & Mexican Gulf to the Mexican Central, the
the completion of the extension to Springfield, Mass.— See minority interest are offered the same terms for their holdV. 72, p. 1279; V. 70, p. 739.
ings, viz., 1,900 francs per share, with interest from June 1
Cleveland Eljrla & Western Ry.— Mortgage.— See Cleve- at 4 per cent. Stockholders must notify the Mexican Central
The
at the Boston office of acceptance before August 25.
land & Southern Ry. below.— V. 72, p. 580.
stock
of
deposits
pnrchaser
and
pay
has
to
until Nov. 25
Cleveland & Southern (Electric) Ry.— Mortgage.— The
company has made a mortgage to the Cleveland Trust Co. as pending paj ment mu9t be made with J. & W. Seligman
trustee to secure $1,000,000 of 20-year 5 per cent bonds of Co., 21 Broad St., New York. See also financial statement
Mexican Gulf on page 96 of the Investor-'
$1,000 each. The road extends from Cleveland to Wooster, for Monterey
Ohio, 42 miles; its cars enter Cleveland over the tracks of Supplement for April, 1901.— V. 73, p. 185.
the Cleveland Elyria
Western Ry. Co., which owns 55 per
Nashville & Clarksville RR.-Subsidy Voted.— The citicent of the $1,100,000 capital stock. W. H. Lamprecht is zens of Nashville on Aug. 8 voted to authorize the city to
subscribe for $1,000,000 stock in this company, which is to
President and F. L. Fuller Secretary. - V. 73, p. 236.
rt
—
;
—
—
<fc
<fe
<fc
;
»
&
—
—
&
&
&
THE CHRONICLE.
338
[Vol. LXXIII.
Reported Sale.—The "Philadelphia News Bureau" says
be a consolidation of the Tennessee Central Ry. (see pige 140
authority that the companv has
of Investors' Supplement), the Nashville & Kooxvilie RR. that it is informed ()
and The Tenne.-M-w Central Ry. The proposed hoe will concluded negotiations for the sale of its stock in the Michiextend from Harriman westerly via Nashville to Clarksville gan Traction Co. to Western interests at what is understood
and thence north westerly to a point in Montgomery Co., to be a considerable profit. At last accounts these holdings
Tenn.,at the State line between Tennessee and Kentucky. included |830,000 of the total issue of $500,000.
The company will not be ready to make a statement reOf this, Lebanon to llarrirnan, 13S miles at the eastern end,
with 22 miles of branches, are in operation, and an extension g irding the matter before next week.— V. 72. p. 892.
is under construction from Lebanon to Nashville, 30 miles.
S ilt Lake City RR.— Consolidation. — Sae Consolidated Ry.
The new company prop )R09 to complete the mainline thus & Power Co. above.— V. 7:3, p. 185, 88.
formed by building from Nashville to Clarksville, about (SO
Salt Lake Rapid Transit Co.— Consolidation. -See Conmiles, and thence to the State line. The vote stood 5,722 for solidated
Ry. & Power Co. above— V. 73, p. 185.
and 1,892 against, a three- fourths .majority being required.
Schenectady
(Electric) Ry. —New Line.—The new doubleauthorized
The company was incorporated last May and is
track
trolley
line
on the Schenectady Turnpike between Al5
mortgage
first
also
stock,
and
of
capital
issue
$7,000,000
to
bany
and
Schenectady
was to be opened for business on
per cent bonds at the rate of $25,000 per mile each.
Thursday last.—V. 72, p. 242.
Newburgh Electric Ry.— Plan Effective.— Over 90 percent
Tennessee Central Ry.— See Nashville & Clarksville RR.
of the bonds of tbe three companies concerned having con- above.—
V. 72, p. 723.
same
tbe
13d,
sented to the plan of reorganization in V. 73, p.
Toledo
Fremont & Norwalk (Electric) RR. —Transferred.
has been declared elf ective. -V. 73, p. 237, 138.
—This property was transferred to the Everett-Moore syndiNew Orleans & Pontchartrain Ry.— Possible Merger.— cate on Aug. 9— V. 73, p. 283, 139.
This company was incorporated recentlv with $359,000 capiToledo (Ohio) Railways & Light Co.— Property Taken
tal stock, to op^ra-e roads in S.. Bernard, Orleans and JefferOver.— This new company on Aug. 9 took formal possession
will
said,
it
is
shareholders,
Louisiana.
The
parishes,
son
of the property of the Toledo Traction Co. and assumed the
vote presently on a proposition to purchase the property and
It also filed a new mortgage to
$6,000,000 existing bonds.
Jefferson
Ry.
of
the
Orleans
&
franchises
the United States Mortgage & Trust Co. of New York, as
New York Ontario & Western Ry— Quarterly.— Earnings trustee, to secure $12,000,000 of 4 per cent gold bonds of $1,000
each, due July 1, 1909, but subject to call at any time at
for the quarter ending June 30 were
Balance, 102^ and interest.
Intrrest,
Gross
Net
Other
3mos.endmg
swplus.
taxes, etc.
income,
June 30. earnings,
earnings.
Tbe officers and directors are as below
Officers.
1901
$0,322,8/3 $1,684,522 $417,245 $l,2vsw,556 $S>9,211
Chairman of Board, Edward W. Moore, Cleveland; Presi 'tent, Albion
273,692 1,098,522 859.024
1,683,854
1900
4.963,482
E. Lag; Vice-Pre6iJeut and General Manager, Louis E. Beilstine
Tne statement for the fiscal year ending Jane 30 is given Secretary and Treasurer, F. S. Bartou of Cleveland.
Directors— Edward W Moore, Albion E. Lang, Louis E. Beilstine,
on a preceding page. V. 72, p. 1136.
P. S. Barton, H. A. Everett.— V. 73, p. 33.
Norfolk (Mass.) Southern Street Ry.— Foreclosure.—
Toledo Traction Co.— See Toledo Railways & Light Co.
Judge Lowell, of the Uuited States Circuit Court, Ins enabov
.—V. 73, p. 33.
the
propof
foreclosure
eale
authorizing
the
a
decree
tered
erty under the S125.000 mortgage, American Loan & Trust
Union Traction Co. of Philadelphia.— Rumored Plan.—
Co., trustee.— V. 69, p. 1148.
The "Philadelphia News Bureau" published late last week
Ohio Southern RR.— Exchange of Bonds.— The first mort- "on good authority" a story to tbe effect that a plan is
gage bondholders' committee, William A. Read, chairman, under consideration for the formation, after the city election
informs the holders of certificates of Central Trust Co. issued in November next, of a new company to take over the franon deposit of said bonds under agreement of June 21, 1896, chises covering Broad and Diamond streets (see V. 73, p.
that upon surrender thereof at the office of the Central Trust 237, and "Philadelphia Street Railways," V. 72, p. 1188) and
Co. of New York they will be entitled to receive for each to lease the property of the Union Traction Co. at a rental
bond with December, 1896, and all subsequent coupons at sufficient to pay a dividend on the shares of that company on
taobed, represented by such certificate, $1,000 Detroit South- a sliding scale, starting with 4 per cent per annum on the
ern RR. Co., "Ohio Southern Division" first mortgage 4 per face value of the stock ($2 per $50 share) for the first year, and
:
—
—
cent gold bonds, beariDg interest from June 1, 19ul, the sum
of $48 33 in cash ($8 83 thereof being interest from March 15
to June 1) and a certificate entitling holder to participate
pro rata in any future distribution of cash when received by
the committee, and as determined by it, as provided in the
agreement of Feb. 20, 1901. (See V. 72, p. 392)-V. 73, p. 237.
Omaha & St. Louis RR. Sale of Road —Offer to Bondholders.— W. Emlen Roosevelt, Cornelius B. Gold and Francis
Smith, the bondholders' committee, acting under agreement
of May 10, 1900, inform the holders of certificates of deposit
issued by Union Trust Co. of New York for first mortgage
4s that a contract has been entered into with the Wabash
RR. for the acquisition by said railroad company of the railroad and property described in the first mortgage. The contract provides that the Wabash Company shall acquire said
property upon the confirmation of the foreclosure sale (provided it can be obtained at a satisfactory price), shall pay
the net preferred liabilities (but not exceeding $475,000) and
shall issue upon the property $3,500,000 of 3^ per cent first
mortgage bonds, due in 1941, and in denominations of $1,000
and $500 each. Of the new bonds the holders of Union Trust
Co. certificates of deposit will receive through said Trust
Company $300 in new bonds for each $1,000 of Omaha & St.
Louis bond. (For further particulars as to new bond issue
Wabash RR, below.)
All stock of the Omaha & Si. Louis Company held by the
committee is to be surrendered to the Wabash Company,
and the suits brought by the committee to enforce the personal liability of certain directors of the Missouri Railway
Construction Co. are to be discontinued. V. 72, p. 1081.
see
—
—
Orleans & Jefferson Ry. See New Orleans & Pontchartrain Ry. above.
Railways Company General.— Reduction in Capital Stock,
Etc.—The shareholders will vote Sept. 30 on a proposition to
reduce the capital stock from $1,50J,000 to $1,20:1,000, through
the exchange of four full -paid shares of $10 each ($40 in all)
for ten shares of the present issue of $5 each ($50 in ail). The
authorized issue ($10,000,000), as well as the amount outstanding, will also be reduced to.$ 1,200,000. A circular says:
At the present time the company is earning a dividend which the
management would prefer to pay tostookholders rather than restore impaired capital, but before this may be done the capital must be reduoed as above proposed.
The " Philadelphia Times " says:
The old management valued the bonds In its treasury at $1,325,000
and the stocks at $444,500, the latter having a par value of $1,055,750. At present the same bonds, with $700,000 worth sold, are figured
at $510,000, the stock at $250,000. Cash and notes on handonjune
30 last amounted to $395,000. This aggregates considerably less than
the present outstanding capital of $1,500,000, and hence it was decided
to reduce the oapltal to $1,200,000, so that not all the profits would
have to be.charged£to make up the depreciation. To pay 4 per cent
as intended, although the offloials do not make any promise, would
require $18,000.
per cent yearly to 7 per cent for the fourth year
Director Thomas Dolan, however, is
quoted as saying:
No man with authority to act for or to epeak for the Union Traction
Co., or tor any of the men in control of that corporation, has ever been
asked to buy or lease anything owned by the gentlemen who are identified with the syndioate headed by Messrs. Mack, Foerderer, Murphy
and Wolf. No person with authority to act or to speak for myself
or my associates in the directory of th»> Union Traction Co. has ever
made any offer or even suggestion looking to the lease or purchase of
any franchises that may be owned by Mr. Foerderer. Mr. Mack or
increasing
1
and subsequently.
their associates.
This
is
not a technioal or quibbling denial of these
but a final repudiation of the entire proposition. We have not
bought any franchises, we are not going to buy any and none have
been offered to us on any kind of a leasing, sharing or renting scheme.
Mr. Foerderer also said: " I have given the people of Philadelphia my personal pledge that our roads will be built and
I have not sold any of my
I propose to stand by that pledge.
interests, leased any or rented any, and I have not been conMy insulted by anybody who had any such plan in mind.
terests in the new traction companies are not for sale or to
stories,
let."
Traffic.— Press reports from Philadelphia state that the
report for the year ended June 30, 1901 will show an increase
in the number of passengers carried of about 10,000,000, viz.,
from 292,237,924 to over 302,000,000.— V. 73, p. 288, 237.
—
—
Wabash RR. Acquisitions Guaranty of New Bonds. At
the annual meeting on Oct. 8 action will be taken on the following propositions: 1st. To acquire by deed of conveyance
or in other lawful manner, the railroad and property of the
Boone County & Booneville RR. Co., extending from Centralia to Columbia, Mo., a distance of 20 miles, and as consideration therefor to guarantee payment of the principal and
interest of the bonds of said company to an amount not exceeding $300,000, secured by a first mortgage on said railroad,
said bonds to bear interest at a rate not exceeding 4 per cent
per annum, payable semi-annually, and both the prinsipal
and interest of said bonds to be paid in gold coin of the United
States. Ic being understood that with $200,000 of said bonds
all existing liens on eaid railroad shall be discharged, and
that $ .00,000 of said bonds shall be retained by and be the
property of the Wabash RR.. Co., and the proceeds thereof
expended by it in the betterment of said line and in the
acquisition of additional equipment.
2d. To purchase or in other lawful manner, acquire the
railroad and property of what is now known as the Omaha
St. Louis RR. Co., which railroad extends from Pattonsburg, Mo., to Council Bluffs, la., a distance of 145 miles. Also
to decide whether, as a consideration therefor, the Wabash
RR. Co. will issue its own bonds secured by first mortgage
on said railroad, or guarantee payment of the principal and
interest of the bonds of another company, secured by first
mortgage on said railroad to an amount not exceeding
$3,500,000, said bonds to bear interest at a rate not exceed-
&
August
THE CHRONICLE.
17, 1901.]
Cambria Steel Co.— J'lun Consummated. — At a meeting oa
Thursday the capital stock was increased to $'j0,Ui>i).oiju and
it was voted to absorb the temporary company, the Couemaugh Steel Co., which was oryauized to facilitate the re-
per cent per annum, payable semi-annually, the prinand interest thereof to be payable in gold coin oi
United States. It bt ing also understood that all of said bonds
not required in the purchase of said railroad and the dising
3%
cipal
charge of existing liens thereon shall, when so Issued oz
guaranteed, belong to and be the property of the Wabash
Railroad Company, and that the proceeds of not less than
$5C0,000 thereof shall be expended in the betterment of said
railroad, and in the acquisition of new equipment for said
line.— V. 73, p. 180.
istinent per plan in V.
mortgage debenture stock. — V.
first
7,',
p.
1190.
Din ctors.— On Thurtday three new directors were elected,
at least two of them representing the Pennaylrania UK.
upany's interest in the property. (See V. 72, p. Ijy2.)
directors are Leonard C. Hanna of Cleveland (a
irother of Senator Ilanna), Frank J. Firth, President of the
Erie & Western Transportation Co. (a Pennsylvania Jilt.
propert) ), and Theodore N. Ely, Superintendent of Motive
1'owerof the Pennsylvania UR. Co. Of the old directors,
Effingham B. Morris is a director of the Pennsylvania lilt,,
wl ile John Lowber Wehh, George F. Baer and E. T. Stotesury are closely identified with the Reading Company. V.
The new
I
White Pass & Yukon Ky.— Listed in London.— The
London Stock Exchange has listed £342,583 live per cent consolidated
339
72, p. 688.
—
I
INDUSTRIAL. GAS AND MISCELLANEOUS.
Alabama Consolidated Coul & Iron Co.— Mortsagr.— The
73, p. 84.
Central Union (Bell) Telephone Co.— New Capital— The
it is stated, decided yesterday to recommend to the
stockLolders that the capital stock be decreased ~><) per cent
and then increased 100 per cent, the new stock to be paid for
in cash, thus raising about $3,500,000 new capital for extenSee V. 72, p. 1190 V. 78, p. 84.
sions, etc.
a mortgage to the St. Louis Trust Co. as
trustee to secure $500,000 of 6 per cent 20 year gold bonds
dated May 1, 1901— V. 72, p. 481.
company has
filed
directors,
American Window Glass.— Firs t Dividend on Common
dividend on the ccmmon stock, \% percent,
was declared this week, payable Oct. 15 to holders of record
Sept. 30. The usual semi-annual dividend of 3^ per cent on
preferred stock was declared at the same time payable Sept.
Stock.— The
3.- V.
;
first
Citizens' Gas Co. of Bridgeport, Conn.— Sale.— At the foreclosure sale on Thursday the property was bought in for $85,000 by Hanford S. Weed of this city, representing the depositing bondholders. The holders of a majority of the stock cf
the Bridgeport Gas Light Co. (see V. 73, p. 289) have agreed
to sell their shares to Samuel Thome at $75 per share, and a
consolidation of the properties is supposed to be pending.
V. 73, p. 289.
73, p. 289.
American Woodworking Machine Co.— Foreclosure.— At
Philadelphia, on Aug. 14, Judge Dallas, sitting in the United
States Circuit Court, ordered the entry of a decree for the
sale of the property under foreclosure of the $2,000,C00 mortgage, Farmers' Loan
Trust Co., trustee.— V. 71, p. 289.
&
Consolidated Coal Co. of St. Louis.— Not a
New Mortgage.
Appleton (Wis.) Waterworks Co.— Offer.— The common —The mortgage recently filed, it appears, was not a new
council on Aug. 7 voted to offer the company $200,000 for its mortgage, but the original deed of 1886 entered in different
entire
system.—V.
counties to cover additional coal property.— V. 73, p. 289.
71, p. 289.
Consolidated Tobacco Co.— Mortgage Filed.— The company has filed its mortgage for $158,000,000 in favor of the
BeinK large holders of shares of the Bay State Gas Co.. and at the Morton Trust Co. of this city, as trustee, to secure its 50 year
request of other shareholders, we employed Messrs. Hoadly, Lauter- 4 per cent gold bonds dated June 15, 1901, and due Aug. 1, 1951
baih & Johnson of New Yorfr, as counsel, to examine Into the nu- denomination, coupon bonds $1,000 or $5,000, and registered
merous law suits which seem to be Imperiling the exlstenoe of your bonds
$1,000, $5,000, $50,000 or $100,000, also if the company
company, and under their advice we applied to the transfer office of
the oompany in New York for a list of shareholders. The transfer desires $50 (sic) each.
agent, after several refusals, finally granted our request; but our repThe mortgage covers all the stock of the American and Conresentatives had no sooner started to make a copy of the stock ledger tinental companies, which
was acquired under the offer in V.
than we were notified by him that his authority as transfer agent had
been revoked, and upon further inquiry we found that the transfer 72, p. 1138, 1190, being the greater part of both issues. It is
books had been removed. We were referred to the Philadelphia office also made a charge as follows:
of Bay State Gas Co., but our endeavor to transfer shares at that
Upon allthe company's "own present andfuturenet income, earnings
office proved unsuccessful, and we were informed that no shaies
&
Bay State Gas
Co., 50
Co. of Delaware.— Circular.— H. Content
in a circular^to the shareholders say
Broadway,
:
;
and
Therefore, as
profits"
all its right, title
ings and profits of the
impossible to reply individually to every
that counsel are now Investigating the
present status of the affairs of the company, and as soon as their
opinion has been submitted, we hope to Issue a circular to the shareholders for the purpose of obtaining unified action and mutual protection.— V. 73, p. 238.
shares.
letter received,
and upon
and Interest in the net earnAmerican and Continental companies. The
Consolidated Company covenants not to mortgage its property without
confirming this charge as a prior lien upon its net Income, earnings
and profits, and If either the American or Continental oompany shall
make a mortgage, the bonds of the Consolidated Company secured by
the mortgage now filed "shall be deemed in default."— V. 73, p. 1282.
would De transferred either in New York or Philadelphia.
For the purpose, therefore, of reaohing the bona fide shareholders
we advenlsed, and received replies from holders of over 000,000
it la
we beg to say
Equitable Gas Light Co. of San Francisco.— Consolidation.— See People's Gas & Electiic Co. below.— V. 73, p. 84.
Bethlehem Steel Co.— Iron Company Stockholders Accept
—At the meeting on Aug. 15 the stockholders of the
Eufanla (Ala.) Water Works Co.— Foreclosure Sale Sept. 2.
Bethlehem Iron Co. voted almost unanimously to sell the —This property is advertised to be sold at Eufaula on Sept. 2
property to the Bethlehem Steel Co., which will issue its under foreclosure of the mortgage. The Manhattan Trust
purchase money 6 per cent gold bonds in exchange for their Co. is mortgage trustee.
Fort Worth (Tex.) Stock Yards Co.— Purchased.— The
$7,5C0,C00 stock, S for $. This action clears the way for the
sale of the Steel Company's capital stock per circular tnV. 72, packing companies, Armour & Co., and Swift & Co., both
It is generally supposed that the purchaser will be of Chicago, have jointly purchased this property, preparap. 1282.
Charles M. Schwab, President of the United States Steel Cor- tory to establishing at Fort Worth a modern packing plant,
poration, and that he will buy the property in the interest of to cost, it is said, about $1,000,000. The stock yards company
the Vickers-Maxim Co. and the Cramp Engine & Shipbuild- has had outstanding §200,000 of 6 per cent bonds due 1904;
Offer.
ing Co. Yesterday the stockholders of the Steel Compai y interest payable at International Trust Co., Boston.
authorized the purchase of the Iron Company's property and
General Carriage Co.— Receiver.— Proceedings for the
the issuance of the new bonds. V. 73, p. 80.
voluntary dissolution of the company having been begun,
California Central Gas & Electric Co.— Pu rchase.— This Treasurer O. F. Thomas was on Aug. 12 appointed receiver
new company is reported to have purchased the gas and elec- of the property in this State and William G. E. See was
tric plants of Nevada City, Grass Valley, Woodland, Marys- made receiver in New Jersey.
The question whether the
receivership shall be made permanent will come up for
ville, Napa, Santa Rosa and other places in Central and
Northern California, with a view of uniting them in one hearing in New Jersey on Aug. 26.
Attachments aggregatlarge system. The company was incorporated last April ing $60,000 were recently filed against the property. Reorwith $1,500,000 of authoii zed capital stock. Incorporators: ganization is proposed and Thomas
Post will probably asJ. Martir, J. A. Britton, E. H. Pierson and H. U. Roeding. sist in carrying it through.— V. 73, p. 140.
John Martin is President office, Sacramento, Cal.
General Electric Co.— Preferred Stock Mostly Retired.—
Mortgage. The company has made a mortgage to the Mer- The preferred shares, having mostly been excbangtd into
cantile Trust Co. of San Francisco, as tiustee, to secure common stock, have been stricken from the list of the New
$l,000.0C0of 5 per cent 30-year bonds of $1,000 each. The York Stock Exchange.— V. 73, p. 140.
San Francisco Chronicle" says:
Gottlieb Banernschmidt-Strans Brewing Co.— Mortgages
The basis of the company is the eleotrio plants at Ohlco, Woodland, Filed.— This company, the successor of the Marvland
BrewMarysville, Nevada City and Grass Valley, owned and operated by
John Martin, and the money to be raised by the bonds is to be partl\ ing Company, has filed in favor of the Mercantile Trust
used in the purchase of gas and eleotrio plants at Napa, Santa Kosa, Deposit Co. as trnstee a first mortgage for $5,625,(00, bearing
Petaluma, Ban Rafael and the adjacent towns of Belvedere, Mill Val- 3 per cent interest for two years and 4 per cent thereafter,
ley and Ross Valley. The two plants at Santa Rosa and that at Napa
have already been bought, while negotiations are well In progress for and a second income mortgage for $3,500,000, bearing 5 per
the acquisition of the various lighting plants at Petaluma, San Rafael cent interest, payable if earned.
These issues, both 50-year
and its surrounding towns.
gold 5s, are the ones called for by the reorganization plan of
Of the authorized $l,OCO,000of bonds, the $750,000 to be disposed
he Maryland Company in V. 72, p. 876, 1037, 1083.— V. 73,
of at this tiu.e have been bought by a syndicate In which San Franciscans are prominently identified. The money is to be used In the pay- p. 289.
ment for the plants bought or to be purchased and in the construction
National Glass Co.— New Bonds.—The shareholders on
of pole lines and in betterments. The oompany obtains its electric
supplies of 3,000 horse-power for Napa, Santa Rosa, San Rafael, etc., Aug. 14 authorized the issue of 8700.COO additional bonds,
and of the 2.C0O horse-power for Chlco and the other r orthern towns, the company having been formed.it is explained, without
from the Bay Counties Power Co. and the Butte Eleotrio Light A sufficient working capital. Its present bonded deLt consists
Power Co.
of $1,8C0,C00 first mortgage bonds, $200,(00 of the authorized
The system, it is said, will be in operatic n in Napa by Aug. issue of $2,000,0 00 having been paid cff.— V. 71, p. 345.
15th, in Santa Rosa in ninety days, and in the other towns to
*
be reached in a month thereafter.
GTFor other Investment News see Page 348.
—
&
—
;
&
i
I
THE CHRONICLE.
:*40
Jlqwrrls
itutl
fVoL. LXXI1I,
Jtocmucuts.
SOUTHERN RAILWAY COMPANY.
SEVENTH ANNUAL REPORT FOR THE FI8CAL YEAR ENDING JUNK
New York. August 15, 1901.
To the stockholders of tho Si uthe*n Ra Iway Company:
riu> Presidenl and Board of Directors submit the following report of the operations of the Company for the year
ended June 30, 1901
r
:
INCOME ACCOUNT.
Grose Earnings from Op$34,660,482 18 $31,200,869 89 $3,459,612 29
oiation
Operating Expenses and
Taxes
24.343,625 09
21.831.446.R6
2,512,178 23
$10,316,857 03
?,369,423 03
$947,434 06
498,705 91
318,805 48
179,900 43
Net Income from Operations
Income from Other
Sources
$10,815.563 00
Interest and Rentals ... $7,181,295 86
Otlinr Deduotiots from
$>.68«.228 51 $' .127.334 49
$125,S53 56
$6,755,442 30
93,767 10
15,534 71
$7,275,062 96
$6,770.97'? 01
Income
78,232 39
$=>01
0*5 95
$623,248 54
Balanoe
$3,540,500 04 $2,917,25150
Dlvld'dson Pref. Stock:
1P01,
2
April,
per ct.;
1,200.00000
900,000 00
1900, 1»« per ct
Reserved
300,000 00
$2,340,500 04
$2,017,25150
$323,248 54
1.200,00000
900,0f000
300,000 00
04 $1,117.25150
$?3,248 54
October
Dividends. 1901, 2%;
for
1900,1%%
Bal. carried to credit of
Profit and Loss
$1.140.50ri
This account for 1901 includes the results of operation of
the St. Louis Division for six months ended June 30, 1901,
and those of the extension of the Carolina Midland Railway
from Allendale, S. C. to Hardeeville, S. C from December
For the year 1901 those of the
10, 1900, to June 30, 1901.
Augusta Southern Railroad are included only from July 1,
1900, to April 25. 1901.
For details of Income Account see Tables 2 and 3.
.
For Comparative Statements of Earnings and Expenses of
substantially the same properties for the two years, see pages
53
and
54 of the
1901, on $r>0.000 Venice &. CarondeHlx IVr C.tnt Bonds
Incrt-ase in rental Atlantic & Danville Ry.. paid for entire year as against ten months of the previous year
Increase in rental for trackage rights over Charleston &
Savannah Ry.. i>al>l 6 months and 21 days in previous
year as against full year lyoo-1^01, less reduction in
trackage by reason <>f extension Carolina Midland Ry
Rental for traokage rights over Central of Georgia Ry. at
Savannah. Ga, fi. nn Ueo. 1, 1900
Sundry small increases
Interest from Jan.
1,709 80
583 31
291 67
ember 15, 1900
11,03471
Decrease in rental of South CaroMna & Georgia RR. on
account of annulment of lease of Augusta Southern
Railroad on April 25, 1901
3,194 44
Decrease in Interest on Atlanta & Cnarlotte Air Line Income Mortgage Four Per Cent Bonds Extended, paid at
the rate of 6 per cent for nine months and 4 per oent
for three months of year preoeding, as against 4 per
cent for entire fiscal year 1901
11,250 00
Deorease in interest on Charlotte Columbia & Augusta
RR. First Extended Mortgage Five Per Cent Bonds due
to retirement of $357,000 of said bonds exchanged for
Southern Railway Consolidated Five Per Cent Bonds,
as provided in Consolidated Mortgage
8,925 00
Deorease due to maturi-y and payment of $3,123,000
East Tennessee Virginia & Georgia Railroad First Mortgage SaveojPer Cent Bonds on July 1, 1900
218,610 00
Deorease due to discontinuance of Cha-leston <fe Western
Carolina Ry. trackage December 9, 1900
1,496 00
Miscellaneous decreases due to retirement of Richmond
& Danville and Georgia Pacific Equipment Sinking
Fund Bonds
8,060 01
$303. 903 48
..$425.853 56
Net Increase
The increase
403
5 23
3-05
$>31,385 00
(a)
(b)
The mileage operated
at the close of the year was 6,728-85
miles, as against 6,431-11 at the close of the previous year,
an increase of 297 74 miles, as follows:
&
Extension— Round Hill, Va ,to Bluemont, Va
Ore Be t Ktliroad, at Cave Springs, Ga
Belle Ellen Branon
Carolina Midland Railway— Extension Allendale,
a.
21,166 66
Total increases
$729,757 04
Decrease in interest on Certiflca'es of Indebtedness Issued
In December, I8s#7, for account of purohase of Memphis
Division, thelahtcertiflcatehaving been paid Deo. 1, laOO $23,000 00
Deorease in interest on Certlticates of Indebtedness Issued in May, 1899. to provide In part for purchase of
South Carolina it Georgia RR. stock. Northern Alabama
Ry. bonds and stook. $ » 00,000 of these certificates having been paid during the j ear
18.333 32
Deorease in interest on Certificates of Indebtedness issued in May, 1899, to provide In part for purchase of
bonds and stock of Carolina Midland Ry. and stock of
Slevern & Knoxvllle Railroad, last certificate paid Nov-
for the year was
6,306-12 miles in
1900.
Tivision (formerly Louisville Evansville
Consolidated Railroedi
$1,500 00
way
Mileage Operated.
The average number of miles operated
6,612-11, as compared with an average of
Hardeeville,
1,
letRR Fust Mortgage
of $231,385 in interest upon Southern RailFirst Consolidated Bonds was due:
To the fact that $1,396,000 of bonds sold in June,
1900, which bore interest for only eighteen days of the
fiscal year 19
carried interest for en'ire year 1901,
involving an Increase of
$66,310 00
To Interest from July 1, 1900, on $3, 1*3,000 of bonds
sold to retire a like amount of EaetTennessee Virginia
& Georgia RR. First Mortgage Seven Per Cent Bonds
maturing on that date
156,150 00
To Interest from January 1. 1901, on $357,000 of bonds
exchanged for a like amount of Charlotte Columbia &
Augusta RR. First Extended Mortgage Five Per Cent
Bonds, in accordance with provision of Consolidated Mortgage
8,925 00
Annual Report.
St. Loir's
1901.
.
Increase.
1900.
1901.
30,
Miles.
Louis
St.
374*34
S.
C,
to
C
Less mileage no longer operated by Southern Railway:
Miles.
Augusta Southern Railroad (lease annulled April 25,
1U01)
8293
Trackage over Charleston & Western Carolina Railway 34-70
Traokage over Plant System
30-50
3 37
2-94
2-79
4*7
is5
The balanoe standing at credit of Profit and Loss on
June 30, 1900. was
$3,510,701 86
The balance standing at the oredlt of that account on
June 30, 1901, was
4,637,25371
For details of Profit and Loss Aocount see Table 4.
-
FINANCIAL CONDITION.
financial condition of the Company at the close of the
year is shown in the comparative balance sheet (Table 1).
The Company has no floating debt, and has had none
since its organization.
The liabilities of every character of all subordinate companies operated as a part of the System, whether leased or
owned, affecting the income of the Southern Railway Company, are shown in the balance sheet, and are treated as
liabilities of this Company.
The
1*38
149 51
Totai lnorease
PROFIT AND LOSS ACCOUNT.
51-50
Trackage over Central of Georgia Railway, Central Junction to
WeBt Broad Street, Havannah, Ga
Trackage over Plant System lirunswlok, Ga
Sundry small additions and corrections
Sundry Adjustments
(c)
<*7-74
Increase in Interest and Rentals.
of §425,853 56 in " Interest and Rentals'
The net increase
consists of:
Increase in Interest upon Southern Railway First.Consolidated Bonds
$231,385 00
Interest January 1, 1901, to June 30,1901, upon $10,Southern
Railway
Company
St.
Louis
750,000
Division
First Mortgage Four Per Cent Bonds
215,000 00
Interest March 1, 19ol, to June 30, 19 >1, upon $7,824,000 Southern Railway Company Mobile &, Ohio
Collateral Four Per Cent Bonds
Interest on Southern Railway Company Certificates of
indebtedness issued Sept., 1900, to provide for construction of Ensley Southern Ry., and on Southern Ry.
Company Certificates of Indebtedness issued May, 1901
Increase in interest on $1,000,000 Southern Ry. Company
Certificates of Indebtedness issued to provide far extension of the Carolina Midland Ry.; paid for the entire fiscal year as against 15 days of the previous year..
Increase in rental of the Mobile <fe Birmingham RR; 2 per
eent dividend paid on preferred stock for year 1901, as
against 1 percent for the previous year
Increase in interest on the Virginia Midland Ry. Serial
Mortgage D. Bonds, due to lnorease from 4 per oent to 5
104,32000
per cent, from March 1, 1901
lnorease in dividend on Atlanta & Charlotte Air Line
stock from 6 per oent to 7 per cent from March 1, 1901,
in aooordanoe with the terms of the operating oontraoc
Interest from Nov. 1, 1900, on $3,000,0t0 Southern Ry.
Car Trust Series A at 4 per cent per annum, less aoj uscjustment of Interest on advances prior to Nov. 1, 1900..
3,166 67
27,600 00
38,444 45
9,000 00
5,666 66
Capital Stock
Consolidated bonds free in Treasury and $1,500,000
Memphis Division Second Mortgage Bonds owned by
the Company)
$104,970,200
Outstanding Securities of Leasehold Estates.
25,952,200
Equipment Notes of old Companies or their Receivers
133,889
Miscellaneous Equipment Obligations of Southern
1,675,996
Railway Company
Total
69,922 82
:
There have been no changes during the year in thft
amount of Capital Stock outstanding.
Mobile & Ouio Stock Trust Cebtificates:
These Stock Trust Certificates ($4,896,900) were issued in
exchange for a like amount of the Capital Stock of the Mobile & Ohio Railroad Company deposited with the Guaranty
Trust Company of New York, Trustee.
Fonded Debt, Outstanding Securities of Leasehold Estates,
and Equipment Obligations:
As stated in the last annual report, there were outstanding on June 30, 1900:
Funded Debt (inoluding $1,276,000 Southern Railway
00
00
97
29
$132,732,286 26
August
THE CHRONICLE.
17, 1901.]
On June 30, 1901, as shown by the balance
sheet (Table 1), there were outstanding:
Fundi d Debt (Including $2. ^33,000 Southern Rallw.iv
First Consolhlatt d Bonds free 1n Treasury, and
*l,5< 0,000
Memphis Division Seoond Mortgage
-Bonds owned by the Company
$124,681,700 00
Outstanding Heeurlttes of leasehold Instates
25,5o'.;,2>
134,-Equipment Notes of old Companies or iheir Reoelvers
Miscellaneous Equipment Obligations of Southern
Railway Company
1,327,096 81
2,775, ouo 00
Southern Railway Cur Trust, Series A
$154, 271.769 69
Total
Net Increase during the year
In these
accounts
$21.53;».4R3 43
This net increase of $81,589. IS:! ('. represents
Additions During Tear.
(a) New Bond Tssues—
Southern Railway Co. First Consolidated Bonds. $4,742,000 00
:
issued as follow*:Upon retirement of an equal amount
of Equipment Bonds, and Equipment Trust Obligations of the old
Companies and of
Upon retirement
of an equal amount
of Prior Lien Bonds reaeemed, viz.:
Charlottesville <fe Rapidan
Railroad First Mortgage Bonds
Issued during the year for account of
the acquisition of new property, but
not sold
Upon retirement of an equal amount
of Charlotte Columbia & Augusta
Railroad First Extended Mortgage
16,00000
1,000,000 00
ble for
t
3,123,000 00
Southern Railway Company— St. Louis Division
First Mortgage 4 Per Cent Bonds issued for
the purchase of louisville evan8v1llk
st.
<fe
now
bt.
Louis
Division
10,750,000 00
Southern Railway Company— Mobile & Ohio Collateral 4 Per Cent Gold Bonds issued to acquire
an equal amount of Mobile & Ohio Railroad
Company General Mortgage 4 Per Cent Bonds..
Improvements on
bands of th
tie-
tie-
>nd
M
Mem eh is
Division, at
a>i
exceeding $100,000 per annum. None of th<
the
Is of thia issue have as yet been withdrawn from
rust< e.
i
Per Oenl li'Hids,
St. Louis Division liN tfortgfl
upon the St.
Diimilarly reserved for improvement
at a rate not
vision, amount to $5,2.10.(100. to b
Ing |600,000 per annum; and, in addition thereto,
solely for thepuri
0,000 of these bonds are n
of constructing or acquiring a new line, or such portion or
portion! thereof as may be necessary to avoid the high gra
within about 75 miles west from New Albany, lud.
i
i
Certii k ates of Indebtedness.
Of the $1,716,66067 Certificates of Indebtedness outstanding June 90, 11)00. issued in May. 1899, to provide in part for
the purchase of stock of the South Carolina & Georgia RailCompany and of the Sievern & Knoxville Railroad
opany, and of stock and bonds of the Northern Alabama
Railway Company and of the Carolina Midland Railway
Company. $516,666 67 were paid during the year, leaving
outstanding at the close of the year $1,200,000.
To provide for advances to the Ensley Southern Railway
Company for the construction of its line, there were issued
The permanent funding of the indebtedness incurred for
the above-named purposes and for the purchase of the Memphis Division, has been necessarily deferred longer than
was expected, and $2,000,000 of the current receipts of the
Company have been used to pay the maturing certificates.
To reimburse the treasury for a portion of this current
outlay, there were issued on May 1, 1901, Certificates of Indebtedness in the sum of $1,500,000, bearing four percent
interest, and payable in five equal semi-annual instalments
of $300,000, beginning
106,192 09
new equipment during the year, payable in monthly instalments during the years
1801 to 1903 or earlier, at the option of the
Company
333,320 00
Southern Railway Car Trust, Series A;
Issued as ok November l. 19u0, for new equipment, payable in semi-annual instalments, last
instalment due october 31, 1807
(d)
Total Additions
3,000,000 00
$26,805,512 09
Reductions During Tear:
East Tennessee Virginia & Georgia First
Mortgage 7 Per Cent Bonds, matured
and paid July 1, 900
$3,123,000 00
Richmond & Danville Equipment Sinking Fund 5 Per Cent Bouds, retired
102,000 00
Georgia Paoifio Equipment 8inking Fund
5 Per Cent Bonds, retired
107,00000
15,500 00
Real Estate at Portsmouth, Va
Real Estate at Ashevllle. N. C
lle<»l Estate at Columbia, 8. C
Heal Estate at Fort Valley. Ga
Real Estate at Deontur, Ala
Ileal Estate at Mobile. Ala.
Real Estate at Louisvi le, Ky
Ileal Estate at East St. Louis, 111
ileal Estate at Madison, III
Right of Way between Ashevllle, N.C., and Knoxville,
C
$54,010 95
2,800 00
936 00
489 67
1,16100
00
95
00
00
60,000
61,814
110,000
1,650
4,305 00
1,992 80
2.388 57
3,084 17
25,989 20
2,708 30
8,997 00
25, 40
i
49
3,153 90
4,383 06
12,086 84
industrial plants 183.184 feet
$266,95189
Lees amount charged to Operating Expenses, representing 66,305 feet of track
taken up
97,057 25
400,000 00
or their Receivers paid (for details, see
105,208 98
Balance representing cost of 116,879 feet of additional
831,319 68
169,894 64
track
225,000 00
5.26S028 66
Net increase in these aocounts, as above
Construction and Real
.
tion of property discontioued April 25,
Total Reductions
New
I
357.000CO
nextcolumn)
expenditures for
Machine Works (Sheffield. Ala.)
East St. Louis Union Passenger Station
erminal improvement at Pinner's Point, Va
Knoxville & Augusta Extension .MHaryviile. Tenn., to
..
Gamble's Store, Tenn
Bluemont Extension. Round Hill. Va., to Bluemont.Va.
Additions to General Ottloe Building, Washington, D. C.
For account of Sundry Surveys
Additional passing tracks and tracks to
Columbia & Augusta First
Extended Mortgage 5 Per Cent Bonds,
Miscellaneous Equipment Obligations of
Southern Railway Company paid
Southern Railway Company Oar Trust,
Series A, paid
total
Hleffield
Charlotte
1901
The
For New Construction and Real Estate —
Tenn.. for Improving line
Miscellaneous Real Estate
New Coaling Station at Branohville S C.
New Passenger Station at Suramerville, 8.
l
EquipmentTrnst Notesof Old Companies
1901.
Estate charged to Capital Account during the year have
been (see Balance Sheet, Table 1, "Current New Construction, Year 1900 1901"):
Issued for
Rapidan First MortBonds retired
Augusta 8outhern First Mortgage 5 Per
Cent Bonds -lease annulled and opera-
1,
Charges to Capital Account.
(a)
Miscellaneous Equipment Obligations:
retired
Charlottesville &
gage 6 Per Cent
November
7,824,000 CO
Equipment Notes of Old Companies:
Equipment Notes of Receiver of Louisville
Evansville & st. Louis Consolidated Railroad,
assumed with the purchase of that property..
in securities
in
the close of the year.
$4,742,000 00
The increase
I,
Memphis Division See
September, 1900, Southern Railway Company Four Per
Cent Certificates of Indebtedness in the sum of $600,000,
payable in semi-annual instalments of $120,000 each, the
first of which was paid March 15, 1901, and the last is payable on March 15, 1903. Of these, $480,000 are outstanding at
357,000 00
1900
(0)
i
I
in
5 Per Cent Bonds
Issued for the purpose of paying East
Tennessee Virginia
& Oeorgla
Railroad First Mortgage 7 Per Cent
Bonds matured and paid July 1,
tb)
ire also
I
1
$246,000 00
their Reoelvers..
Louis Consolidated Railroad,
Then
3
$?1..'>39
483 43
and equipment obligations
out-
as shown above, is fully represented by the
amount of prior lien securities retired, the cost of new
property, or securities outstanding upon properties at the
time of their acquisition.
standing,
Bonds Reserved for Future Improvements.
First Consolidated Bonds reserved in the hands of the
Trustee for future improvements amounted, at the close of
the year, to §11,900,000, issuable only for expenditures for
new and additional property under the limitations specified
in the mortgage, and at a rate not exceeding $2,000,000 in
anyone calendar year. §1,000,000 have been withdrawn
during the fiscal year 1901, as stated above. None have
been sold during the year.
Memphis Division First Mortgage Bonds similarly reserved for improvements upon the Memphis Division.
amount to $1,417,000, to be issued at a rate not exceeding
§100,000 per annum; and, in addition thereto, §1..100,000 of
these bonds are reserved solely for the construction, if determined upon, of a line of railway between Stevenson, Ala.,
and Chattanooga, Tenn. None" of the reserved bonds of
this issue have as yet been withdrawn from the Trustee.
Total com- traction and real estate for the year
Less deductions as follows .
Charges to Capital Aooount for side tracks in previous
years now transferred to Operating Expenses and
other accounts
Total for Construction and Real Estate
(6)
$557,250 54
42,425 93
$514,824 61
For Neto and Additional Equipment.
New and
Additional Equipment charged to Capital
Account] nurlng the year (as shown by the balance
sheet. Table 1, "New and Additional Equipment Year
1900-1901")
Representing cost of
5 Express Oars,
1 Wreoking Crane,
8 Passenger Cars,
2 Covered Barges,
802 Freight Cars,
617,933 25
:
Total charges to Capital Account during the year. $1,132,807 80
Equipment Trust and Eqiiiment Sinking Fund Payments.
Equipment Trust Notes of the old Companies or their
Receivers have been paid during the year as follow-:
East Tennessee Virginia A Georgia Car
TrustNotes
$37.500 00
Memphis * Charleston Car Trust Notes
8,159 6S
South Carolina & Georgia Car Trust Notes..
34,998 28
Louisville Evans "Hie & St. Louis Con. Car
24,551 02
TrustNotes
Total
$105,208 98
THE CHRONICLE.
342
Sinking Fund payments during the year on
count of Equipmenl Bonds have b<
ac-
Georgia Pacific 5
i'er
iMalnten. of
219,400 00
Total
.$324. C08
98
kiations Outstanding at Close oi the Yeah.
Equipment Obligations outstanding at the close of the
year amounted to $1.1:57, 809 09, consisting of
Equipment Trust Notes of the old Companies or of their
Eqou'munt
P.e.
of Inc.
707
Oper'tlng Expenses
and Taxes:
110.H45 00
Total payments during the year on aooount of old equipment obligations outstanding upouthe several propi-rttoa Ht the time of their acquisition
Increase.
Gross Earnings.. ..33,607,581 85 31,388,014 86 2,219,566 99
Slnlt-
Fund
lng
1900.
1901.
Richmond A Danville 5 1'erCent Kquli'ment
Sinking Fund
$108,555 00
Cent Knulptnont
[Vol. LXXI11.
Oi'.i
Way
and Structures 5,436,748 19
Maintenance) of
Equipment
4,912,590 51
4.691,743 99
745,00120
15-87
4,677,655 40
234,935 11
502
portatlon
11, 01 5, 859 33 10,525,652 76
General Expenses 1,105,111 67
1,025 370 26
490.206 57
466
777
OonduotlngTran*
Taxes
1007,24196
1,051,21086
79,74141
D.43,968 90 D.418
685
23.477,55166 21,971,633 27 1,505,918 39
Total
:
Receivers.
\ I/.
EastTenn. Va
Net earnings from
Operation
10,130,030 19
9,416,381 59
713,648 60
758
:
&
$25,000 00
Ga. Car Trust Notes..
Receiver of Louisville Evansville & St.
Louis Car Trust Notes
South Carolina & Ga, Car Trust Notes..
Ratio of Expenses
to Earnings
81,641 07
28,232 01
$134,873 03
Miscellaneous Equipment Obligations of
Southern Railwav Co
$1,227,996 61
Southern Railway Co. Car Trust, Series A. 2,775,000 00
—
$4,137,869 69
The equipment obligations of the Southern Railway
Company proper amounting to
$4,002,998 61
represent unmatured balances on oontraots covering the following equipment, viz.:
3,481 Freight Cars received during fiscal year 1900.
3,469 Freight Cars received during flsjal year 1901.
50 Passenger Cars received during fiscal year 1901.
83 Locomotives reoeived during fiscal year 1901.
The contract cost of which was
$6,389,852 00
Of which there has been paid to June 30, 1901
2,386,855 39
Balance unmatured as above
$4,002,996 61
New Equipment not charged to Capital account.
Payments during the year for new equipment purchased, and charged to Operating Expenses or to Reserves for Maintenance of Equipment have been
$1,424,591 29
Those charges represent substantially the cost of:
25 Locomotives,
15 Passenger Cars,
1,223 Freight Cars.
As against this, equipment was retired during the year as
follows:
12 Locomotives,
11 Passenger Cars,
682 Freight and Road Cars.
Renewal
Renewal
compared with June
80, 1900, consisted of:
June
Locomotives
Passenger Service Cars
Freight Cars
30, 1901.
915
788
33,056
673
June
30, 1900.
Increase.
797
714
lis
27,368
5,688
74
$515,*?97 12
263,118 80
123.U66 36
There were laid during the year 32,109 tons, or 255 miles,
of new steel rail, as compared with 27,517 tons, or 219 miles,
laid the year preceding.
ballast was placed in the track during the year to
the extent of 236.577 cubic yards, or about 160 miles. The
total ballasted track on June 30, 1901, was 2,78706 miles
or about 43*86 per cent of the total mileage.
Of the cost of renewal of bridges, the sum of $268,035 12
was expended for new steel bridges to replace wooden or
other inferior structures.
The chief increases in Maintenance of Equipment have
New
^een:
Repairs and Renewals o" Passenger Cars
"
"
"
" Freight Cars
•'
"
"
" Marine Equipment
&
Gross Earnings
and Structures...
Maintenance
Increase.
P.c.
of inc.
<£
169,385 43
8-82
Equipment
With the Louisville Evansville & St. Louis Consolidated
Railroad, viz.:
52 Locomotives.
2,893 Freight Cars,
45 Passenger Service Cars,
38 Road Service Cars.
Apart from equipment received with the Louisville Evansville & St. Louis Consolidated Railroad, there was a net increase in available equipment during the year of:
66 Locomotives,
2,795 Freight Cars,
29 Passenger Service Cars,
59 Road Service Cars.
The average capacity of the freight-car equipment of the
system in 1900 was 51,619 pounds per car, in 1901 it was
53.010 pounds per car, an improvement of 2-69 per cent.
The average tractive power of the locomotives in 1900 was
3,072 tons per engine, in 1901 it was 3,399 tons per engine,
an improvement of 10 64 per cent.
Floating equipment at the close of the year consisted of 1
Steamer, 3 Steam Tugs, 2 Towboats, 13 Barges, 123 Coal
Boats, t Pump Boat and 1 Pile Driver.
Taxes
portation
Net Earnings
Operation
386,869 79
304.69 7 97
82,17182
26-96
227,64148
195,358 65
32.2S2 83
16-52
783,092 14
131,328 19
86,930 19
693,006 20
1300
9861
82,928 71
90.085 94
65,206 45
4,001 48
1,342,113 27
273,748 52
20-40
of
General Expenses.
the acquisition of the St. Louis Division, the Louiswhich has no physical connection with the
remainder of the system, was attached thereto to form the
"St. Louis-Louisville Lines," under charge of a separate
General Manager, with headquarters in St. Louis, Mo., and
the earnirjgs and expenses an operating statistics for those
lines will in future be given separately from those for the
remainder of the system, and the leports of the General
Managers now show them in that form, but as the results
of operation of the Louisville Division were included with
all other lines in previous reports, they are, for purposes of
comparison, so included in the following statement, and
only those of the St. Louis Division are stated separately for
the year just closed.
The Earnings and Expenses of all lines, exclusive of the
St. Louis Division, in comparison' with those of substantially
the same properties in the previous year, were as follows:
ti;
Operating Expenses
and Taxes:
Malnten'oe of Way
year:
Upon
1900.
2,090,190 15 1,920,804 72
Conducting Trans-
ville Division,
$85,955 76
140,102 44
86,538 59
The expenses of conducting transportation increased
$490,206 57, or 4-66 per cent. Of this increase the chief item
was an increase in cost of fuel of $231,383 03, or about 47*20
per cent of the total increase in conducting tranportation.
General expenses and taxes increased $35,772 51, or 1'72
per cent, the chief items being in Insurance and Law Expenses.
The Earnings and Expenses of the St. Louis Division for
the entire year (operated six months by the Receiver of the
Louisville Evansville
St. Louis Consolidated Railroad
Company and six months by the Southern Railway Com-
Road Service Equipment
576
97
This includes, for 1901, equipment received during the
EARNINGS AND EXPENSES.
and Struct-
Roadway
1901.
pamphlet], the equipment on
Way
of Rails
of Bridges
Repairs of
<£
[in
St.
:
INVENTORY OF EQUIPMENT.
30, 1901, as
014%
12.
The chief increases in Maintenance of
ures have been
The expenditures for new equipment charged to Operating
Expenses or to Reserves for Maintenance reflect the Com
pany's policy of gradually improving the condition, capacity
and efficiency of its rolling stock without increasing correspondingly its Capital Account.
The replacement of all equipment retired since the Company commenced operations in 1894 has been fully provided
for by charges to Operating Expenses.
pany) were:
As shown in Table 24
hand of all lines on June
X».
For details of Earnings and Expenses (exclusive of the
Louis Division) see Table
4,002,996 61
Total
7000
69
D denotes decrease.
66,12174
4-82
from
474,328 36
578,691 45 D.101,363 03 D.1803
Ratio of Expenses to
77-31%
Earnings
D denotes
69-87%
7-44%
decrease.
For details of Earnings and Expenses of the St. Louis Division see Table 13.
The increase in Operating Expenses of the St. Louis Division is due principally to much larger expenditures for Maintenance of Way and of Equipment charged to operation
than the Receiver had made the year preceding, he having
charged to betterment account many items which the Com
pany charges to expenses.
The increase in Conducting Transportation was due
-
largely to the increased cost of fuel and to increased service.
The large increase in General Expenses was due to special
charges incident to the closing of the Receivership and the
purchase of the property.
The entire interest charges on account of the purchase of
the St. Louis Division are $430,00 1 per annum, as compared
with net earnings as shown above of $474,328 36.
REDUCTION OF GRIDES AND CURVATURE.
t
fiscal year the ruling grades and curvature on
the entire line between Knoxville, Tenn., and Asheville,
N. C 129-2 miles, have been so reduced that the train load
of the standard freight engine on that division has been increased from 850 tons to 1,200 tons, or 41-18 percent. The
cost has been $269,708 36, and has been charged against in-
During the
,
come.
Similar improvements have now been begun on the line
between Asheville and Salisbury, N. C, to establish the
same ruling grades, except at the mountain summit, where
the use of helping engines must be continued. When this
Acqust
THE (JHKONICLE.
17, 1901.]
have been oompleted, a year hence, a standard
freight engine will be able t<> haul a uniform train ol
tons from Kuoxville, Trim., to Pinners Point (Norfolk, \
584*18 miles, except ovei the one grade at tbe mountain am
mit east of Asheviiie, above referred to.
Contracts, have been awarded tor a reduction of the gi
on the st. Louis Division between East St. Louis, 111., and
work
shall
I
maximum
of 42 feel
but with a maximum of 36 feet per mile weal bound from the
The estimated co
Illinois coal fields into East st. Louis.
the work is |820,000. This Improvement will Increasi
hauling capacity of the present locomotives on the entire 368
hall
miles about ftO percent. When the track and bridgi
Princeton, Ind.. 158*8 miles, to a
have been sufficiently strengthened and Standard
tives used, the
Attention
is
economy
invited
I
ADDITIONAL PROPERTIES.
LOUIS Division.
The Company acquired as of January 1, 1901, the property
and franchises of the Louisville Evansville & St. Louis Consolidated Railroad, paying therefor $10,750,000 of its St.
Louis Division First Mortgage Fifty- Year Four Per Cent
Gold Bonds.
The property consists of 374-34 miles of railway between
East St. Louis, 111., and New Albany, Ind., including the
Evansville and other branches, important and especially
valuable terminals at East St. Louis, and the equipment as
specified elsewhere in this report.
Even under very liberal charges to expenses for mainte-
nance and improvement of the property, which are and
will
continue to be nece^ary for some time to come, the fixed
charges are more than earned, and it is already evident
that substantial improvement can be made in both the gross
and net earnings when adequate equipment shall have been
provided and other needed betterments made.
Mobile & Ouio Railroad.
The Southern Railway Company purchased in March last
a large majority of the General Mortgage Four Per Cent
Bonds, and of he Capital Stock of the Mobile & Ohio RR.
Company, paying therefor, respectively, its Mobile & Ohio
Collateral Four Per Cent Fifty Year Gold Bonds, and its
Mobile & Ohio Stock Trust Certificates, upon which dividends payable October 1st and April 1st will be paid as follows: 2 per cent for the first year, 3 per cent for the second
year and 4 per cent thereafter.
At the close of the year there were outstanding on this account:
(a) Southern Railway Mobile & Ohio Collateral Four Per
Cent Bonds
$7,824,000
(6) Southern Kan way Mobile&OaioStockTrustCertifloates. 4,896,900
Against which, respectively, there had been deposited
with the Guaranty Trust Company of New York, Trustee:
i
(6)
Mobile & Ohio Railroad Co. General Mortgage Four Per
$7.824,<C0
Cent Bonds
Certificates of. Stook of the Mobile & Ohio Railroad Co.. 4,896,900
&
Ohio Railroad is operated by its own Board
of Directors and officers, and the results of its operations
are not included in those of the Southern Railway Company.
Savannah Extension.
As indicated in the last Annual Report, the Savannah
Extension of the Carolina Midland Railway, from Allendale.
S. C., to Hardeeville, S. C, 51-50 miles, has been constructed, and was opened for traffic on December 10, 1900,
doing away with trackage over the Charleston & Western
Carolina Railway. 34 70 miles, and diminishing the trackage over the Plant System 30-50 miles, thus shortening the
distance from Columbia, S. C, to Savannah, Ga., 13*7 miles.
Trackage rights are still availed of and have been made
permanent over the Plant System tracks from Hardeeville
to Central Junction, near Savannah, a distance of 2:5
miles, and a contract has been made with the Central of
Georgia Railway Company for permanent trackage rights
from Central Junction into the freight terminals of that
Company in Savannah, 3 37 miles. Freight terminals in
Savannah have been leased in perpetuity from the Central
of Georgia Railway Company.
At Central Junction connection will be made with the
tracks of the Savannah Union Station Company, in which
Company the Southern Railway Company has a one- third
ownership, with perpetual right of use of the properties for
The Mobile
i
i
Companj
GENERAL REMARKH.
the Company was considerably
'J
h.-
property of
more or less delayed during May and
Hoods, especially in North and South ('.,
"''
repairs on this B
N
["eni
proximately, $132,000.
tin May 80, iooi. the machinists In most of the
and
traffic
-
tick
together with a few apprentices and helpi
on account of the Company's refusal to accept formal deads made by the International Association of Macluni
through a Committee of the Company's employes, for a
duotion of shop hours — from ten hours per day to nine—
without reduction of wages; a prescribed limital ion upon
the relative number of apprentices to be employed in each
nd other
p; certain rules as to payment for overtime,
Many of the deilations as to the conduct of shops.
mands were unreasonable in themselves and could not have
been acceded to, but aside from this consideration they were
in the form of an ultimatum, in writing, with the frank
avowal that they must, be granted as a whole, or a sti
would ensue. The subject matter was discussed by the
Company's officers, w ith explanations that arbitrary rubs
laid down by others could not be adopted in the management of the Company's affairs, and another conference was
offered in case the employes should so desire, after examining the printed report of the proceedings of the meeting
between tbe General Manager and the Committee. This
was of no avail and the misguided men struck. All of them
are still cut of the Company's service. On the date of this
report over 85 per cent of their places have been rilled.
Although there has been some violence at certain points,
there has t een no damage to the Company's property, and
no delay to traffic on account of the strike.
,
-
passenger trains.
now expected that the Savannah Union Station will
be ready for occupancy next winter.
its
It is
AUGUSTA SODTIIBKN RAILROAD.
begun by the stockholders of the
Augusta Southern Railroad Company prior to the purchase
of the stock and the lease of the property of the South Car
olina & Georgia Railroad Company by the Southern Railway Company, the lease of the Augusta Southern Railroad
to the South Carolina & Georgia Railroad Company was
suit at law,
t
The Board of Directors records with a sense of deep regret the death, on July 12, 1901, of Mr. Skipwith Wilmer,
who, from the formation of the Company, had been an
active and useful member of the Board, manifesting at all
times an earnest interest in the affairs of the Company, and
laboring intelligently and wisely for its welfare and advancement.
Hie long association with the Atlanta & Charlotte Air
Line Railway Company as Director and as Counsel made
him familiar with transportation and economic problems in
the South, especially in their relation to the laws and to
the public, and his high character and broad sense of fairness qualified him in a marked degree to deal effectively
with such problems as they arose.
He represented the Atlanta & Charlotte Air Line Company in the negotiations which brought that property ii to
the Southern Railway System, and the qualities then displayed made him a most welcome associate in the future
management of the entire system.
The members of the Board extend to his family their
most sincere condolences, and order that this minute be
spread upon the records and that a copy be forwarded to
members
of his family.
The accounts
Company have been examined by
of the
certified public accountants, Messrs. Patterson,
Dennis, and their certificate is attached hereto.
Teele
&
is directed to the reports of the Genpamphlet], and to the annexed tables for
statistics, details of earnings and expenses, materials used,
betterments made and economies accomplished in the operation of the property.
The acknowledgments of the Board are due to all officers
and employes for the faithful discharge of their duties during the year.
Respecfully submitted by order of the Board,
Especial attention
eral
Managers
[in
SAMUEL SPENCER,
:j
Under
in
i
port, showing improvements made during the year in op, rat
ing effloienoy as compared with the several years previous.
The average number of tons (all freight) per train, as
compared with the year previous, increased lO'-M per cent.
The average number of tons (all freight) in each Loaded
car, as compared with the year previous, increased 8*01 per
cent.
The average earnings per freight train mile, as compared
with the year previous, increased 12*89 per cent.
(a)
•>'"*,
i
will be still further increased.
to tables 10 and 11, in pamphlet re-
St.
1901, and the
u of
byoourl on April
uata Southern Railroad property by the
i.
Railroad Company and by tbe South*
oeased on thai date.
Company
lilwaj
The Southern Railway Company has pui
irity of the Capital stork of the Augusta Southern Bail*
annulled
President.
ANnUEW S. PATTERSON'.
ARTHUR W. TEELK, O.
C. P.
A.
IHNXis, C. P. A.
KonNKY S.
John Whitmohe.
I'.
A
h. Patterson. C. i*. a.
k'ranci* K. Ko a tins. c. P. A.
Hl( HAH'I T. LlNCil.KV. C. ". A.
J S. M. Coon
Stuart
PATTERSON. TEELE & DENNIS,
CEBTIFIBD Priu.IC ACCOUNTANTS,
30 Broad Street.
To
the Stockholders
New York, August 12th, 1001.
and Bonaholders of the Southern R
Compai- y:
have made an examination of the books and accounts
of the Southern Railway Company for the li-cal year ended
June 30, 1901, and hereby certify that the Balance Sh
and Income and Profit and Loss Accounts published herewith are in accordance with the books, and we have satiourselves that they accurately set forth the result ol the
year's operations and the financial condition as at June 30,
We
1901.
& Dennis,
Public Accountants.
Patterson, Teele
CV/
1
1
lied
THE CHRONICLE.
311
TABLE
June
1.
-COMPARATIVE BALANCE SHEET, JUNK
[Vol. TiXXIil.
AND JUNE
30, 1£01,
30,
June
ASSETS.
30, 1900,
1900
30, 1901.
COST OF ROAD.
Southern Railway properties
$253,832,997 02
Viz.: Total to
June
Louisville KviiiiHvlllo
Current
New
S263.608.278
6f
...$253,832.997 02
80, l!-00
8t. L. C.
A-
RR.
..
9,3l7,r>03 72
514,824 61
...
Construction, year 1900-1901
$263,665,32 35
57,046 70
*>
Leas Sundry Adjustments.
$263,e08,278 65
Leasehold Estates
24,507,409 69
$278,340,406 71
(Per Contra " Outstanding Securities")
24,173,751 21
Total Cost ok Road.
$287,782,029 86
COST OF EQUIPMENT.
Equipment Owned
$11,028,985 IS
Viz
:
$12,780,164 18
$11.0^8,985 1*
Total to June 30, 1900
1,131,390 75
Received with L. E. & St. L. O. RR
Equipment,
617,983 25
year 1900-1901.
New and Additional
$12,781,2?9 18
1,125 CO
Lens Sundry Adjustments.
$12,780,164 16
Trust Equipment Received with Purchased Properties
Miscellaneous- Southern Railway Trust Equipment. (Per contra)
Southern Railway Trust Equipment, Series A. (Per contra.)
Equipment Leasehold Estates. (Per contra "Outstanding Securities.")
$10>,000 00
Viz North Carolina RR.
1,625,75100
1,675,996 29
1,423,644 21
1,818,142
1,227,996
2,775.000
1,386,102
00
61
00
6£
:
Atlanta & Chai lotto Air Line Ry.
Georgia Midland Ry
South Carolina & Georgia RR
Mobile & Birmingham RR
194.005
76,150
475,286
191.240
2,837
341,584
.
Richmond
AUautio
«fe
&
Mecklenburg
Danville
Ry
,
RR
00
00
19
00
00
50
$1,396,102 69
Equipment Other Lines. (Per
3,640 00
15,758,016 68
£294,098, 423 39
3,640 OC
contra.).
Total Cost Equipment.
19,931,045 48
Total Cost of Road and Equipment.
$307,773,075 34
COST OF SECURITIES PLEDGED, OR HELD FOR CONTROL.
$13,544,927
700,000
6,522,904
182,750
Pledged under First Consolidated Mortgage (see table 7)
Pledged under Memphis Division First Mortgage
Pledged to secure Southern Ry. Certificates of Indebtedness
United States Bonds deposited under North Carolina RR. Lease
Securities in Treasury unpledged, held for control or as muniments of
40
OC
32
0(
970,789 7(
513,548,9 27 40
700,000 00
7,128.378 16
182,750 00
1.257,804 34
title (see table 8)
Mobile & Ohio General Mortgage 4% Bonds, pledged with the Guaranty
Trust Co
Mobile & Ohio Capital Stock, pledged with the Guaranty Trust Co
7,"24,000 00
4,896,900 00
35,538,759 90
21,921,371 48
$316,019,794
8'
Cost of Road, Equipment and Securities Held as Stated.
$343,311,335 24
Material and Supplies on Hand (see table 9 in pamphlet report).
Rails and Fixtures— Leased
$2,091 511 72
110,709 34
$1,635,259 86
150,051 59
1,785,31145
2,202,221 06
$318,222,015 93
1,276,000
2,169,305
12.000
136,235
8.60S
109,706
160,185
108,688
fOTAL CAPITAL ASSETS.
$345,097,146 69
00 Southern Ry. Co. Consolidated Mortgage Bonds in Treasury
35 Miscellaneous Securities Owned, in Treasury unpledged
00 Securities Owned, deposited under contracts
35 Bills Receivaule— deferred but secured
06 Insurance Paid, Not accrued
63 Sinking Funds— Uninvested Balances In hands of Trustees
13 Insurance Fund, in hands of Trustees
85
Sundry Accounts
2,538,000 00
3,099,538 13
201,651
11,117
114,881
176,853
229,100
,
,
,
52
30
63
29
75
CURRENT
$3,507,430
470,961
555,107
340,618
682,501
1,035.^09
55,845
ASSETS.
hands of Treasurer and
Cash in
in hands of Financial Agents.
Cash in transit from agencies
Due from Agents and Conductors
Due from United States Post Office Department
Due from Connecting Lines
Due from Individuals and Companies
Bills Receivable—current
58
12
23
03
33
87
9S
6,548,074 11
$3,557,347
630,221
621,458
393,223
545,305
943,252
55,294
26
71
04
64
34
44
7';
TOTAL CURRENT ASSETS.
6,746.103 20
$358,214,392 51
$398,750,890 41
June
CAPITAL STOCK
Common
$120,000,000 00
60,000,000 00
!
Preferred
$180,000,000 00
Total
MOBILE
104,970,200 00
$7,200,000
4,000,000
1,650,000
5,250,000
400,000
2,700,000
315,000
4,337,200
100,OCO
June
LIABILITIES.
30, 1900.
<
00
00
00
$180,000,000 00
4,896,900 00
124,581,700 00
,
OHIO STOCK TRUST CERTIFICATES ..
FUNDED DEBT (see Table 5 in pamphlet report)
OUTSTANDING SECURITIES OF LEASEHOLD
Richmond & Mecklenburg RR
Atlantic & Danville Ry
Sumter Wateree River RR..
Total
<fe
25,952,200 00
120,000,000 00
60,000,000 00
<fc
Table 6).
Atlanta & Charlotte Air Line Ry
North Carolina RR
Georgia Midland Ry
South Carolina & Georgia RK
Augusta Southern RR
Mobile & Birmingham RR
00
00
00
00
00
30, 1901.
ESTATES
(see
,
S7.2OO.000
4.000,000
1,650,000
5,250,000
00
00
00
00
2,700,000
315,000
4,337,200
100,000
00
00
00
,
"...
..
Ot
25,552,200 00
EQUIPMENT NOTES OF OLD COMPANIES OR THEIR RECEIVERS.
East Tennessee Virginia & Georgia Ry. Equipment Notes
••
"
Memi his & Charleston RR
"
"
South Carolina <fc Georgia RR.
"
LouiBVille Evansville <fc St. Louis Con. RR. "
$62,500 00
8,159 68
63,230 29
133,889 97
1,675,996 29
EQUIPMENT OBLIGATIONS OF SOUTHERN RAILWAY
$25.C00 00
28,232 01
81,641 o:
134,873 08
CO.
Miscellaneous Equipment obligations unmatured (per contra).
Southern Railway Car Trust, Series
A
(per contra)
$V2",9P6
61
2,775,000 00
4,002.996 61
August
THE CHRON1CLK.
17, 1901.]
TABLE
JUNE
l.-COMPARATIVK
11
ALANCE BHEET, JINK
30. 1900.
345
AND JUNE
30, 1901.
30. 1900.-f Concluded.)
JUNE
LIAJHL1TIE8.
to«.7j*»»* -"
Jirouglil
30, 1001.
forward
*)(*)
CERTIFICATES OF INDi BTEDN1
Account purchase Memphis Division
••
•'
$200,000 00
"
'•
AlaliiiM
Caroliii
:
i
116 666
Georgia Kit Stock and Northern
and Stock.
i;y. Bonds and Stock and Blevern At
hi ok
South Carolina &
1,600,000 00
6'
i,
,1m
Knoxvilh ivi.
Extension Carolina Mm ,iud Hv
Construction EuMey Homh. in Hallway
IssmdMay 1, 1901
"
"
1,000,000 00
$2,916.666 67
207,000 00
3.640 00
<K
1,',00,'jOo oc
Total
$4,180.000 00
107.000 00
75,000 00
UNPAID BALANCE PDROHA8E PRICE NORTHEASTERN RR. OF GA
UNPAID BALANCE ON HEAL ESTATE
EQ1 H'MENT OTHER LINES.
Roswell
RR
3,6*0 00
$343,534,309 09
$5 '3,347 80
5*0,031 97
17d,8=>3 29
823,082 7f
For Maintenance of Equipment
For Insurance
Miscellaneous
Total
160,185 IS
687,460 20
1,000,000
4*0,000 00
$315,859,592 93 TOTAL CAPITAL, FUNDED AND LIEN LIABILITIES.
RESERVES—
For Maintenance of Way
#323,019 68
290, Ul 3t
$1, 200.000 oo
2,043,315
39,960
746,888
356.070
50,000
1,361,576 37
52,590 66 SUNDHY ACCOUNTS
586,460 25 Interest and Rentals Accrued,
Not Dub
Not Due
Reserved to Pay Venice & Carondelet Bonds, Due April 1, 1902.
Reserved for Dividend No. 6, l ^ per oent on Preferred Stock, payable
350,085 26 Taxes accrued,
and for Dividend No. 8, 2 per cent on Preferred Stock
1901
CURRENT LIABILITIES.
Intere-tandRentalsDueand Unpaid. Inch amount due July 1, 1900 & 1901
Audited Vouchers (lncluding.uew construction and new equipment)
Unpaid Wages, Including Juue Pay Rolls
Foreign Freight Claims; Authorities Outstanding
Due Connecting Lines
Due Individuals and Companies
84
44
16
82
00
In Ootober, 1900.
900,000 0C
$1,909,067
2,048,393
1,114,111
35.667
391,633
631,040
2*
35
60
03
11
72
6,129,813 08
3,510,701 86
payable
1,200,000 00
In October,
TOTAL CURRENT LIABILITIES
PROFIT AND LOSS (see Tables
$2 ,112.635 2:
1
,489.612 27
1 ,179,777 07
49.718 44
450.59.'. 34
32*. 305 41
5,606,643 85
4,637,253 71
2 and 4).
$358,214,392 51
$328,750.820 41
TABLE
2.— INCOME ACCOUNT FOR
YEAR ENDED JUNE
30, 1901,
COMPARED WITH YEAR ENDED JUNE
1901.
1900.
So. Jty
System
St.
Louis
Div.,
6 Months to
June cO, 1901.
Exclusive of
St. Louis Div.
Total Gross
Earnings.
GROSS EARNINGS
$7,737,454
21.006,730
1,327,607
638.513
490,364
30, 1900.
$8,616,563
22,205,533
1,508.347
653,536
623,599
96
$33,607,681
8."
Passentrtr
Freight
Mail
11
33
12
97
Express
36
Miscellaneous
9'
6?
1&
$8,818,286
22,929,495
1,535,903
675,286
701.509
$1,052,900 33
$34,660,482
U
$201,722
723,961
27.555
21,750
77,910
82
91
77
3t
95
81
36
0(
$31,200,869 8S
2*
77
56
Total Operating
Expent.es and
Taxes.
OPERATING EXPENSES AND TAXES:
$4,665,231
4,635.351
10,475,930
1,007,143
1,047,790
Maintenance of Way and Structures
Maintenance of Equipment
Cond uctin g Transportation
General E xpenses
Taxes
20
23
11
46
86
19
51
33
67
96
$249,34 4 IS
125/82 40
398.876 4b
48,704 2:43,566 19
$23,477,551 66
$866,073 43
$5,436,748
4,912,590
11,015,859
1,105,111
1.007,241
$5,686,092
5,038,172
11.414.735
1,153,-15
1,06 0.803
32
9)
81
9<
16
21,831,446 86
$9,369,423 03
$24,343,625 09
Net Income from Operations.
$10,316,857 09
to which add
INCOME FROM INVESTMENTS:
Interest on Chester & Lenoir Railroad
$6,125 00
97,084 13
Co.
Bonds
Dividends on Alabama Great Southern Railway Oo. Stock
Dividends on Atlantic Coast Line RR. Co. and Georgia Southern &
Florida Railway Oo. Stocks, and Interest and Dividends on Alabama
Steel A: Shipbuilding Co. Bonds and Stcck
Interest on U. 8. Government Bonds.
Interest oc Northern Alabama Railway Co. Bond?
Dividends on Birmingham Southern RR. Co. Stock
Interest and Dividends on Hartwell Railway Co. Bonds and Stock
Interest on Kentucky & Indiana Bridge and RR. Co. Bonds
Dividends on Old Dominion Steamship Oo. Stock
Accrued Interest on Mobile <fe Ohio RR. General Mortgage Bonds
Income from Miscellaneous Securities
117,541 50
5,100 00
18,1.16
28,806 78
2,000 00
1,588 60
£76,417 88
109,632
5,100
43,078
30.782
2,000
12,960
5,574
104,320
2,074
00
Ot
80
91
00
00
2f
Or
15
Total Income from Investmknts
445,816 13
MISCELLANEOUS INCOME FROM OTHER SOURCES:
$28,910 85
13,476 75
42,387 60
$9,688,228 51
Net Income from Compresses and Other Property
Earnings from Shepherd's Ferry, Alexardrla, Va
Total Miscellaneous Income from Other Sources.
52.8S9 73
$10,815,563 00
Dividends aoorued on Southern Hallway— Mobile
Certificates, $4,-96,900.
13,022 53
2,512 18
$32.245 81
20,643 89
Total Available Income
FIXED CHARGES, INCLUDING RENTALS. (See Table
MISCELLANEOUS DEDUCTIONS FROM INCOME:
755,442 30
2%
3
months
<fe
3, in
pamphlet)
$2,917,251 50
1,800.0CO 00
$1,117,251 5(
6,475* li
7.275.002 96
$3,840,500 04
Net Income for the Year.
2<\
Dividends Nos. 5 and 7 on Preferred Stook
Dividends Nos. 6 and 8 on Preferred Stock, payable in Ootober, 1900 ami
for
Income
fiscal
1901. but reserved out of
years ended Juue 30, 1900
and 1901
2%
n
1 H>
24.484 50
62.803 47
Total
FROM WHICH DEDUCT:
$900,000 00 1>2%
$7,181,295 86
Ohio Stock Trust
Miscellaneous Interest and Couimt*stons
Other Miscellaneous Deductions irom Income
6,770,977 01
900,000 00
$3,112 84
127,181 2£
Total Dividends
BALANCE TO CREDIT OF PROFIT AND LOSS FOR THE YEAR.
$1,200,000 00
1,200,000 00
2,400,000 00
$1,140,600 04
THE CHRONICLE.
31(5
TABLB
|ToL. LXXI1I.
-STATEMENT OF INTEREST AND RENTALS FOR YEARS ENDING JUNE
3.
J'eriod.
A mount
Outstanding.
OLA 88.
1901.
1800.
12 month*.
6
Car Trust Series "A"
Certificates of indebtedness—
Account of
purchase South. Car.
&
12
12
12
6
4
"
"8
"
5
"
12
&
12 months
9 m. 15 d.
2
1901
1.
"
2d
AM. Tenn.
12
12
12
12
12
12
12
12
"
8. F.
E<1
,
& Ohio 1st Mtge
U2
&
Ohio 1st Mtge
Eq
Virginia Midland
F. Mtge
Serial A Mtge
8.
B
"
"
D
"
E
p
opart. Union &Col. 1st
"
«
Mtge
& Yadkin 1st Mtge
Atlantic
Atlanta
12
12
12
12
12
"
1st
Knoxvllle
12
12
"
2d
&
Charlotte Air Line 1st Mtge. Pref
Organization
R. Rental
Exp
& Rapidan R
North Carolina R. R. Rental
South Car. & Ga. R. R. Rental
Mobile & Birmingham R. R. Rental
Atlantlo & Danville Ry. Rental
,
Richmond & Mecklenburg R. R. Rental
Athens Belt Line Rental
Wll. & Wei. R. R. and Norfolk & Carolina R. R.-Traokago and
Real Estate Rental
Charleston & Savannah Rv. Trackage
Charleston & West. Car. Ry. Trackage
Central of Georgia Rv. Traokage
Charlotte sville
Amount V
T
a t
0"
00
5
4
00
4
00
00
CO
4
1900.
$1,657,900 00 $1,435,440
8.925 00
$1,606,8*5 OU $1,440,4 40
2 5, COO 00
225,000
203.3'ZO 00
203,320
6,0(0 00
6,0 00
215,(0 J 00
104,320 00
69,922 82
5
00
urged.
1901.
ft
00
00
It
I
4
4
00
l'
00
00
00
12
it
6
5,000 00
28,000 00
12
II
5
72,722 23
91,055 55
5
2.187 51
40,111 11
17.600 00
10,000 0'
13,222 22
1,666 68
Knox.
4 m. 15 d
M»y
$33,158 000
357.000
$33,51r ,000
12 months
4,500,000
12
5,083,000
it
12
180.04 <>
10,750,000
7,824,000
2,775,000
*~
1900.
Ga. and North. Ala.
Aooouut of purchase Carolina Mid. and Sievern
Issued
11-21 nontlm
AND
1901
30,
4
«'
12 months
"
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
"
'<
"
If
If
*«
II
If
ff
112
12
it
12
12
4
4
6
5
lllOTltll-
12
12
12
12
512
12
12
12
12
12
12
6
la
12
12
12
12
12
12
12
12
Xi
it
12
15 days..
(I
If
It
II
II
1
If
12
If
12
12
12
fl
(1
5.987,000 00
3,3e8,000 0(
595,000 00
tt
tt
tt
tt
tt
1,640,500
tt
tt
tt
it
i<
n
ii
ii
*i
ii
ii
ii
tt
tt
tt
tt
tt
It
it
5
Oi
7
6
7
it
ii
00
50,000
500,000
4,250,000
750,000
1,700,000
1,500,<
"
155,300 0<
638,500 00
60.01
OO
120,000 00
339,600 00
5
5
6
6
6
5
6
10,541 67
36,000 00
114,000 00
b6,0t
00
41,106 6
6
6
5
0O
8*,7.c
65.500 00
242,950 00
40,00u Oi
49,500 Ot
5
5
5
4
3
4
6
0(
00
00. 000 0<
1.50O 0(
20,000 00
297,500 0(
30,000 00
107,666 60
4,000 01
35,300 00
266,000 01
283,888 81'
96,000 00
127,000 00
12,600 Oo
1,050 0(
4
7
4
0<
00
00
00
7
"
6 m.
d.
Ild
----
7 months
7 months
359,820
168,400
35,450
41,000
20.0C0
22,500
9,000
151,860
£9,875
35,000
120,000
218,610
155.300
638 500
60,000
120,000
339,600
14.860
36.000
114,000
66,000
38,000
68,750
65.EO0
242.950
40,000
49.500
60,000
....
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
(
00
00
00
00
00
00
00
00
00
00
00
00
20,000
297,500 00
41.250 00
102,000 00
4,000 00
35,300 (
266,000 00
287,083 33
87,000 OO
105,833 34
12,600 00
1,050 00
69,498 64
6,022 6
6,125 00
€9,790 31
7,732 36
4,6i.9 00
583 31
12
tt
5 m. 9
6
6
1,310,000 01
4.859,000 00
1,00 0,000 00
1,650,000 0.
ii
12
12
12
12
12
12
10
12
12
tt
5
4»i
(
ii
TT12
tt
4
500.000 (
2,000,000 00
3,123,000 00
3,106,000(0
12,770,0 00 00
1.000,000 00
1 ,000,000 00
5,660,000 OO
175,000 0(
00,000 00
1 ,900,000 00
1,100.000 00
950,000 00
1,775,000 00
n
12
12
tt
5
1,025,000(0
400,000 00
500,000 00
150,000 Oi
2,531.000 00
*t
359,820 00
168,400 00
31,708 3V
41,000 00
20,000 OO
22,500 0<
9,000 (-0
151,860 00
90.950 00
35.000 00
120,000 0«
!
$7,181,295 86l$6,755.442 30
12 months on $28,639,000 and 18 da^ s on $1,396,000.
* 8 months, less adjustment of interest In connection with advances made under
the Trust.
§ 8 months at 4%, 4 months at 5%.
I 6 months on $1,997,550, 6 months on $1,640,500.
IT 9 months at 6%, 3 months at 4%.
18 months at t>%, 4 months at 7%.
II
TABLE
5.
-FUNDED DEBT JUNE
30, 1901,
COMPARED WITH JUNE
Amount Outstanding.
Interest.
Principal
CLASSES OF BONDS.
30. 1900.
Due.
Due.
Rale,
%
June
30, 1801.
June
30. Ii
00
Southern Ry.:
Mortgage Bonds
"East Tennessee" Reorganization Mortgage Bonds
Memphis Division 1st Mortgage Bonds
Memphis Division 2d Mortgage (owned by Southern Ry.
Aiken Brat ch 1st Mortgage Bonds
St. Louis Division 1st Mortgage Bonds
Mobile & Ohio Collateral Bonds
1st Consolidated
Richmond & Danville
RR
Co.).
1994
1938
1996
1986
1998
1951
1938
Jan.
Mar.
Jan.
Apr.
Jan.
Jan.
& July
& Sept.
& July
& Oct.
July
July
5
5
4-4%5
&Sept
4
4
4
1915
Jan. & July
1927
Apr. & Oct.
Var. Dates Mar. <fe Sept
6
5
5
Mar.
<fe
&
t
$36,053,000
4,500,000
5,083,000
1,500,000
150,000
10,750,000
7,824,000
0(
(
Of
00
CO
00
00
$31,311,CO0OO
4,500.000 00
5,083,000 00
1,500,000 00
150,000 00
:
Consolidated Mortgage Bonds
Debenture Mortgage Bonds
Equipment Sinking Fund Mortgage Bonds
Washington Ohio & Western RR.:
ls» Mortgage Bonds
Richmond York River & Chesapeake RR.:
1st Moitgage Bonds
2a Mortgage Bonds
Atlantic Tennessee & Ohio RR.:
IstMortgage Bonds
Western North Carolina RR
1st Consolidated Mortgage Bonds
Charlotte Columbia & Augusta RR.:
1st Extended Mortgage Bonds
2d Mortgage Bonds
.....'.
Columbia & Greenville RR.:
1st Mortgage Bonds
East Tennessee Virginia & Georgia Ry.:
1st Mortgage Bonds
IstMortgage Bonds
.""
Consolidated Mortgage Bonds
Alabama Central RR.— 1st Mortgage Bonds
..'.
Georgia Pacific Ry.— 1st Mortgage Bonds
[
Equipment Sinking Fund Mortgage Bonds
Knoxville & Ohio RR.— 1st Mortgage Bonds
Spartanburg Union & Columbia RR. 1st Mortgage Bonds...."."
Virginia Midland Ry.— Serial Mortgage Bonds, Series A
5,997.0 00 00
3,368,000 00
c 95,000 CO
5,997,000 00
3,368.000 CO
£97,000 CO
1,025,0 00 OC
1,025,000 00
4»s
400.0C0 00
500,000 00
400,000 00
500.000 00
1924
Feb.
&
1910
1910
Jan.
& July
1913
Apr.
& Oct
6
150.C00 00
150.0COOO
1914
Jan.
& July
6
2,531,000 00
2,531,000 00
1909
1902
Jan.
Apr.
Julv
& Oct
5
1,640,500 00
500,000 00
1.997,500 00
50O.0OU 00
1916
Jan.
& July
2,000,C00 00
2.000,000 00
Jan.
Jan.
& Julv
& July
& Nov.
& July
& July
& Aug.
& July
& July
Aug.
May &Nov.
5
:
D.
1900
1930
1956
1918
1922
Var. Dates
1925
1995
1906
1911
1916
1921
E.
195 6
'.'.'.'.'.
,
•<
II
II
It
T>
C.
General Mortgage Bonds
& Rapidan RR. 1st Mortgage Bonds.
& Yadkin Ry.— 1st Mortgage Bonds
Charlottesville
Atlantic
.
,
Total as per Balance Sheet
Including $1,27 6,000 free in
Companj 's
treasury, June 30, 1900.
1931
1936
1913
1949
May
Jan.
Jan.
Feb.
Jan.
Jan.
<fe
Mar. A Sept.
Mar. & Sept.
Mar. & Sept.
Mar. & Sept
Mar. & Sept
Sept.
Mar.
<Si
May &NOV.
Jan.
Apr.
<fc
&
July
Oct.
7
3,106,000 0(
12,7 70.000 00
1,000,000 00
5,660,000
175,000 00
2,000,000 Oi
1,000.000 00
600.000 00
1,900.000 00
1,100,000 0(
950,000 00
1,775,000 0(
1,310,C00 00
4,859,000 00
310,200 00
1,1 00.000 00
00
00
00
00
00
00
00
00
00
1,900/00 00
1.100 000 00
950,0i
00
1,7 75,000 00
1,310.000 00
4,859,C00 0O
325,700 00
1,500,000 00
3,123,000
3.106,000
12,770,000
1,000.000
5,600,000
282.0C0
2,000,000
1.000.000
600,000
$124.581.700 Oo $101.970,200 00
tlncludlng$2,538.000fieein Company's treasury, June 30, 1901.
August
Table
B
17,
THE CHRONICLE.
1901.]
4. -PROFIT
AND LOSS ACCOUNT FOR YEAR BNDED
JUNE
ilance at Credit of Froflt
,
Credit Balance of Income Account for year ended June
Iklu
1,140,500 04
letW
lutMtge
lstMtge
Deduct:
Several amounts charged to Protlt and Loss for bad
debte and reduction of book value of Miscellaneous
Securities In treasury, Including Capital Stock and
debts of Augusta Southern RR. Co., South Atlantic
••
$4,637,253 71
1,111.
June
of Indebtedness
..Capital Stock
««
M&8
North Carolina RR.:
At.antio
1st
&
1
1,700.000
1,700,000
7,200,000
7,200,000
4,000,000
4,OJO,000
*»;50.ooo 00
Total Bonds, Stocks and Other Securities
$19,148.8:25 00
Book Valuation, as per Balance Sheet
$13,548,927 40
June 30, 1901
Par Value.
$497.000 00
Mtge. Loan 7%
74,500 00
1st. Mtge. 5%
20.000 00
1st Mtge. 6
30,000 00
1st Mtge. 7%
15,000 00
1st Mtge. 7
3
1,650,000
1,650,000
5
5,250,000
Railroad Bonds Blue Ridge RR. Co
ranklin & Pittsylvania RR. Co
I
HartwellRy. Co
Lawrencevllle Branch RR. Co
Greenville & Columbia RR. Co
,
$636, * 00 00
Total Bonds.
&J
Railroad Stotks—
A&O
1919 M&N
1924 J&D
1919 A&O
1915 J& J
1946 J& J
J&D
Lease
6
M&N
1960 J& J
.
400,000
5
100,000
100,000
5
600,000
1,200,000
900,000
600,000
1,200,000
900,000
2,700,000
2,700,000
4
315,000
815,000
5
1,238,000
3,099,200
3,099, t 00
4,337,200
4.337.200
4
Total as per Balance Sheet.
$65,500 00
1/00,000 00
1,017,981 83
50,000 OO
400 00
25,000 00
368.H00 00
00
50,2'
90,250 00
1,000,000 00
20,000 00
212,500 00
7,000 00
75 00
890.500 00
787,600 00
46,900 00
300,000 00
321,300 00
1,803 00
16,800 00
1,000,000 00
3.000.00J 00
462,750 00
Alabama Great Southern Ry. Co., Limited— Class "B".
Atlantlo& Yadkin Ry. Co
Ashevllle & Spartanburg RR. Co
Augusta & Summervllle RR Oo
Cincinnati New Orleans & Texas Pacific Ry. Co
Central Transfer, Railway & Storage Company
Danville & Western Ry. Co
I>anvllle Mooksvllle & Southwestern RR. Co
Elberton Air Line RR. Co
Georgia Midland Ry. Co
Hartwell Ry. Co
High Point Randleman Asheboro & Southern RR. Co..
~
Knoxville & Ohio RR. Co
Lawrenoeville Branoh RR. Oo
Mobile & Birmingham RR Co.— Common
North Carolina Midland RR. Co
Northern Alabama Ry. Co
Richmond & Mecklenburg RR. Co
South Carolina & Georgia RR. Co
Southern Ry Co. in Kentucky
State University RR. Co
Spartanburg Union & Columbia RR. Co
5,250,000
(
annulled.
{
1948
Mortgage Bonds
1,238,000
25.5^2,200 25,952.200
Southern Ry. Co. in Illinois
Yadkin RR. Co
STATEMENT OF SECURITIES OWNED BY SOUTHTotal Stocks
ERN RAILWAY CO., AND BY IT PLEDGED UNDER
ITS FIRST CONSOLIDATED MORTGAGE
Other Securities —
E ist Tennessee Telegraph Co
DEED, AS OF JUNE 30, 1901.
Southwestern Construction Co
Table
7.
Name of Security—
June 30, 1901.
Pur Value.
Income Bonds and Scrip $1,355,275 00
Railroad Bonds—
I
400.000 00
8. -STATEMENT OF "SECURITIES IN TREASURY UNPLEDGED HELD FOR CONTROL OR AS MUNIMENTS
OF TITLE, ETC., JUNE 30, 1901.
1900.
$
800,000
4,2h0,000
750,000
4
6-7
1946
Danville Ry.:
$26'
Table
30,
$
500,000
4,250,000
750.000
4
7
1
Richm'd & Mecklenb'g RR.:
1st Mortgage Bonds
00
"00
9JH.2O000
-
Name of Security.
Atlanta ACharl'tte Air L. Ry.:
1st Mortgage Pref. Bonds.. 1907 A A•()
&J
1907
1 st Mortgage Bonds
Income Mort. Bonds, Ext.. 1907 A&O
Preferred Stock
•'
'
Rate. June 30,
Due, Due. P. Vt.
1901.
:
4,.'>40,0:0
Total Other Securities
Amount Outstanding.
OOP
$8.874.550 00
"
.f
SECURITIES OF LEASEHOLD
ESTATES.
Augusta Southern RR
1st Mortgage Bonds
Sumter & Wateree River RR.:
1st Mortgage Bonds
Mobile & Birmingham KR.:
Prior Lien Bonds
"B"
Chesapeake Steamship Co. .Certificate
6. -OUTSTANDING
.
...Class
nil. Co
Co. In Kentucky
s,,utUeru Ry.
'
Limited. ..'Mass "A
,
Knoivllle&Ohlo
212,445 94
Principal
615,0
$10,124,275 00
••
..
> oo
K25.O0O00
l,825,i
i
M
Ml Mige.6%
Total Stocks
Export Co. and others
Stock
Georgia Midland Ry.:
ls r Mortgage Bonds..So. Carolina & Georgia RR.:
<>00
VOO.on .00
1st
BB.00
Ituitroad Blocks—
Alal.ainaCrcai Southern Ry. Co
187,380 00
11,117 75
$1,849,099 65
Interest.
150
<
Total Bonds
due July 1. 1W00
Miscellaneous Small Credits
Table
RR Co
Co in Kentucky
OO In MlrtnlcMpiM
Westorn North Carolina RR. Oo
ligtou Ohio A Woitcni 111: Co
Add:
Credit Balance oarrled forward June 30, 1901
in, out
..nil,,
$3,510,701 So
Pri'imuiu od sale of $3,123,000 Southern By, Co. First
Consolidated Mortgage Bonds, Issued to retire Bast
Tenn Va. & (ia. RR. Co. First Mortgage 7% Bonds,
,
Iheru Rj
in Ki
and Lose Aeoount June 30,
30, 1901
l«tMtg<
8d Mtge
iiiontKK. OO
30, 1901.
1PC0
347
Alabama Central RR. Co
Danville & Western Ry. Co
Elberton Air Line RR. Co
High Point R. A. & So. RR Co
North Carolina Midland RR. Co
1st
1st
1st
1st
Mtge. 5%
Mtge. 7%
Mtge. 6"
Mtge. 6%
1,051,000
150.000
402,000
801,000
$10,755,156 83
$1,750 00
16,600 00
454,256 22
Stock
Stock
Miscellaneous
$472,606 22
Total other Securities
00
00
00
00
Total, par value, Bonds, Stocks
&
other Securities. $' 1,864,263 05
Book valuation, as per Balanoe Sheet
$1,257,804 34
BUFFALO ROCHESTER & PITTSBURG RAILWAY COMPANY.
SIXTEENTH ANNUAL REPORT— FOR YEAR ENDING JUNE
The Directors of the Buffalo Rochester & Pittsburg
Railway Company submit to the Stockholders the following
report for the year ending June 30, 1901:
Deduct:
Extraordinary expenses
and improvements....
Special appropriations
for construction and
ROAD OPERATED.
owned
Branches owned
Main
line
Three proprietary roads
Four leased roads
Trackage rights
Total length of road operated
Sidings
Total miles of track,
except 10 miles
all
1900.
Miles.
Miles.
23493
234 93
18-43
30-93
87-45
100-34
18-43
30-93
87-45
Increase.
Miles.
Total
Surplus of income.
13-96
10 67
18582
174-86
10-96
650-23
21 «3
There was no change in the mileage of road operated.
The tracks were increased by 10-67 miles of second track
and 10-96 miles of sidings.
tary roads,
I
all
Gross earnings
Operating expenses
Income
Netlncome
7.191,570 39
$530,134 15
$146,976 69
.
$685 ,30 4 10
$°>65.975 8i
I.
I.
$83,157 46
$11 9.328 27
amounting
to
§374, 078 05.
off
and the principal
of
during the year, amounting to
•S12G,000.
Inc. or Dec.
I.
$2,553,44182 $2,123,524 75
J.
$1,215,438 25
308,707 66
DIVIDENDS.
1900.
$5,012,135 01
2,889,610 26
Applied to pay inents of
interest, rentals and
Sinking funds
1,338,003 57
500,278 05
car trust bonds paid
INCOME.
1901.
$5,830,618 42
3,277,176 60
D. $1C8,412 93
during the year.
The item "Special appropriations" represents the entire
expenditures for construction on lines owned and proprie-
steel rail
671-86
$138,269 03
The figures for 1901 include the operation of the Allegheny & Western Railway for a full year; while the report
of last year embraces only the results for six months.
Interest and sinking fund payments were further increased by the requirements of §1,000.000 four and one half
per cent twenty year equipment gold bonds, Series B, issued
10034
47208
329
472-08
Second track
$29,856 10
equipment
1901.
30, 1901.
1,110,572 23
$1,012,952 52
\
$818,483 41
383, 56(5 34
1.
$429,917 07
J.
J.
!
227,431 34
$202,485 73
I
Surplus of income..
I.
«,^«„
$120,000 00
7.120,000 00
00
/.
$430,000 00
$240,00000
J.
$205,304 10
$325.975 83
Preferred stock. ..6% $360,000 00
stock
2% 120,000 00
4°„ $240,000
Common
Balanoe to oredlt of
Profit
and Loss
Account
or Dee.
119,328 27
Inc.
1900.
$565,975 83
Dividends paid:
Total
|
1901
$686,304 10
$240,000 00
D. $120,671 7
THE CHRONICLK.
318
Since tlio close ol the fiscal year your Board Of Directors
bas deolared dividends of three per cenl <>n the preferred
stock and two per oent <>n the common stock, payable
August
PABBENOBB EMiNIN'.
The average
rate received per passenger per mile deised 55 -100th of a mill, being 2-O70 cents, against 2125
The average distance each passenger
01 n'
18, 1JJ01.
BONDED DEBT.
During the year $120,000 car trust bonds matured and
were paid off.
To provide Tor additional rolling stock, an issue of $1,000,000 four and one half pel cent twenty-year gold bonds was
made, secured by new equipment costing $1,112,871 80. These
bonds were issued under an agreement known as " Equipment Agreement, Series B," dated May 1, 1900, and were
sold at 97J.2 and 98^ percent and interest, net to the Com
Sany. This agreement, provides for a sinking fund equal to
ve per cent per annum on the bonds issued, to be paid over
to the Trustee on the first day of May in each year. The
available amount is to he invested in bonds of this series at
or under par; otherwise this fund or any unused balance is
to be applied to the purchase of rolling stock to be pledged
under
rvoL. lxxiii
agreement as additional security.
An agreement was entered into with the holders of the
$1,000,000 six per cent Debentures by which, without cost
to your Company, the rate of interest on these bonds was
reduced to five per cent per annum.
The net result is an increase of $874,000 in the bonded
this
debt of the Company.
carried increased 8*25 miles, being
miles lasl year.
Passengers carried. 1900-1901
Passengers carried, 1899 1900
An
:»1-J7
miles, against
1,002,677
901,425
increase of 11-23 per cent, or
101.282
The average number of passengers carried one mile, per
revenue train mile, was
being more than in the preced:;.">.
I
ing year.
The
result
was a gain
of $330,598 62 in gross passenger
earnings.
FREIGHT EARNINGS.
The average
rate
0'80 of a mill, being
This
is
received
pel ton per mile increased
year ago.
mills, against 4*66 mills a
the highest average attained since 1893.
5" 10
The average distance each ton was hauled decreased 684
miles, being 129-32 miles, against 130 16 miles last year.
-
The revenue tonnage moved was:
lflOl.
Bituminous coal
Coke
Other freight
Grand
4,590,527
."^.O^O
1,627,470
total tonnage... 6,77 1,047
1900.
4,561.172
1,488,065
29,355 increase
3^,457 decrease
139,405 increase
6,641,744
129.303 Increase
692,507
While
All the expenditures for construction were charged against
net income. The items are as follows
anthracite coal, coke and salt showed decreases, there was a general improvement in the tonnage of
other commodities.
The result was a gain of $576,218 96 in gross freight
Three new bridges, one-fourth cost
earnings.
CONSTRUCTION.
:
$2,823 77
1,904 05
Filling three trestles, two-thirds oost
Reducing grade at West Seneca, N, Y
New freight station, Ganson St Buffalo, N.
Y
New stations at, other points
Land and land damages
New shops at DnBois, Pa and equipment
Second track, Riverside Jot N. Y., to East Bradford,
C. &M. Jet, Pa., toDuBols, Pa
8,145 96
6,829 65
9,896 88
,
,
,
Sidings and yard extensions
Sundry items
14,175
156,^36
Pa..
79.192
35,019
56,714
3,039
19
71
38
97
25
24
$374,278 05
Total
The general locomotive shops at DuBois, Pa., are nearing
completion. The total cost of buildings and machinery will
approximate $370,000, of which $156,536 71 was disbursed
this year.
EQUIPMENT.
There was expended for new rolling stock as follows
:
$246,294 87
Fourteen passenger cars
71,062 50
TwelvehundTedandnlnety nine freight cars 891,012 48
Thirteen Company's servioe oars
3,37150
Air brakes and other betterments
16,040 31
Fifteen locomotives
$1,227,781 63
Of the above equipment eleven freight cars
and five Company's service cars were built at
the Company's shops.
The account was credited for equipment sold
or destroyed with the following items charged
to operating expenses
passenger cars
One hundred and seven freight cars
Two
A and B, invested in the
purchase of rolling stock.
ments Series
$992, 752 02
Hartman Manufacturing Co.— Increase of Stock.— This
company, which recently increased its capital stock from
$250,000 to $2,500,000, has purchased for a sum stated as
$250,640 in cash an idle steebtube plant at New Castle, Pa.,
and proposes to make it the centre of a large plant, to include, it is stated, the following
Rod mill, 250 by 100 feet wire-drawing and galvanizing plant, 250
by 1,000 feet cooperage plant open-hearth steel mill, with a capacity of 1,200 tons a day. and a nail department, embracing 250 wirenail machines of the Hartman design, with a capacitv of 15,000 kegs
:
;
;
of nails daily.
The officers are: Frank A. Umstead, New York, President
and General Manager; William L. Kiefer, New York, Secretary and Treasurer. The company will move its present
plant from Ellwood, Pa., to
New
205
2-61
251
engine mile, including the mileage of helping engines, was
decreased by 9 tons, being 345, against 354 a year ago.
Three thousand nine hundred and fifty-six tons of new
80-lb. steel rails and rne hundred and eighteen thousand
new oak ties were used in repairs of the track.
&
Pittsburg Coal
&
Iron
services.
62,360 66
235,029 64
;
36 08
1898.
11-68
16-11
33-55
machinery, buildings, equipment, development of mines
and sundry miscellaneous items.
FIRE INSURANCE FUND.
The assets in this fund were increased $9,33S 69 during
the year, and now amount to $70,543 18 in interest-bearing
securities and cash.
The acknowledgments of the Board are renewed to the
officers and
employes for their faithful and efficient
126,000 00
of
1899.
10-10
15-42
for the fiscal year resulted in a surplus of $175,311 93 available as working capital; this surplus was arrived
at after deducting from the net earnings $108,382 29 principal of bonds paid off and $154,699 61 expended for mining
Also with the amount of the sinking funds under equipment agree-
Making a net increase
1900.
9-91
13-10
32-57
56-21
57-63
Totals...
6421
6385
The average cost per ton per mile was 2-80 mills, being
0-33 of a mill more than last year.
The average number of tons carried one mile per revenue
train mile, excluding the mileage of helping engines, was
decreased by 13 tons, being 406, against 419 a year ago.
The average number of tons carried one mile per freight
The operation of the Rochester
50 00
Passenger cars
1901.
9-79
11 9L
32-20
2-31
Company
:
Freight oars
Maintenance of way
Maintenance of equipment
Conducting transportation
General expenses
ROCHESTER & PITTSBURG COAL & IRON COMPANY.
$5.443 00
41,175 98
Four Company's service cars
The account was further credited
for car trust bonds paid off during
the year, charged to net income
EXPEN8E3.
Operating expenses, excluding extraordinary expenses
and improvements, increased 13-45 per cent.
The operating ratio decreased 1'42 per cent, being
5621 per cent, against 57-63 per cent last year.
The percentage of each group of operating expenses to
gross earnings for the past four years is as follows:
Castle.
Kansas City Stock Yards Co.— Increase of Stock.— The
capital fctock has been increased from $7,500 000 to $8,250,000.
The total liabilities are stated as about $750,000.— V. 72, p. 143.
Lansing (Mich.) Sugar Co.— Mortgage.— The Company
has made a first mortgage to the Detroit Trust Co., as trustee,
to secure $300,000 5 per cent bonds maturing in 1903, 1904 and
1905.
The "Detroit Tribune" says: "Oaly $150,000 wor.h of
the issue will be used at the present time. The plant at
Lansing is said to be one of the most extensive in the country."
Statements and statistics of the operation of your road
submitted herewith.
By order of the Board,
for the year are
ARTHUR
G.
YATES,
President.
Contracts for the building and equipping of the plant, which
it was said would cost about $600,000, were awarded last
January.
National Enameling & Stamping Co.— Bonds Authorized.
—The stockholders on Monday authorized the proposed issue
of $2,500,000 of 5 per cent bonds for the purposes stated in
V. 73, p. 239.
National Glass Co.— See page 339.
National Transportation Co.— Lake Steamers.—This company has been organized witb authority to issue $1,250,000
each of common stock, 7 p. c. non- cumulative preferred
stock and 21 year 5 per cent bonds, to own and operate ten
steel freight steamers with average capacity of 2,700 tons,
which are to be completed by the American Shipbuilding
Co. early next year at a cost of $240,000 each. Subscribers
to the bonds will receive a bonus of 25 per cent in stock.
vessels will carry corn and wheat out of Chicago and
The company's working capital
bring back ore or coal.
will be about $100,000. It is estimated that the gross earnings will be $920,000; net $437,150; interest and sinking fund
Officers:
charge, $161,915; balance for dividends, $275,23
Brown,
of ClereW.
President;
W.
Syracuse,
of
Lyman C. Smith,
land, Secretary, and H. W. Smith, of Syraouae, Treasurer. Directors
The
"i.
Auocst
17,
THE CHRONICLE.
1901.]
349
L. 0. Smith, William Nottingham, Charles M. Warnei,
W.
Leonard, H. W. Smith, Horace S. Wilkinson, of Byraoue
Krown and J. B. Cowle, of Cleveland, O., and Dr. A. G. browor, or
Utloa.
COMMERCIAL EPITOME.
Northwestern Steamship Co.— Lake Ocean Line M
announced, una practi
trans-Atlantic service between Chi-
Abandoned.— The company,
it is
decided to abandon its
cago and European ports, owiDg partly to tue cost of insurance.— V. 72, p. W- ::.
People's (ias & Electric Co. of San Francisco.— Connolidatwn.— Tins company bled articles of incorporation at Sicramento. witb $3,000,000 of authorized capital Btock in shans
of $100 each, to take over the property of the Central Light
& Power Co. and the Equitable Gaslight Co., recently Bold
to an Eastern syndicate represented by William J. Payne of
Norfolk, Va. (see V. 73, p. 84). It is proposed to execute a
mortgage to secure $3,000,000 of forty-year 5 per cent gold
bonds. It is understood, however, that only $1,500,000 of
the bonds will be issued at first, and the remainder from
time to time|a8 the companyjmay require for the extension of
The "San Francisco Chronicle" says the exits business.'
tension of the mains has already begun, and the enlargement
of the works and the erection of a new 500,000 cubic-foot
gas holder will be commenced in about 30 days.
People's Gas Light & Coke Co. of Chicago.— State Attack*
Act of 1807.— At Chicago, on Aug. 9, State Attorney O, S.
Deneen filed papers witb Judge Tuley of the Circuit Court
attacking the Consolidation Act of 1897, nnder which the
company was organized. This proceeding is the outcome of
a meeting of citizens last October, at which a committee was
appointed, with Adolph Moses chairman, to petition Mr.
Deneen to present the facts of the case to the court. The
Consolidation Act is called in question on four grounds which
are summarized in the "Chicago Inter Ocean" as follows:
First, that the title of the Act, "An Aot In relation to gas companies,"
does not express or suggest the consolidation of the gas companies.
Seooud, that the Aot, If giving the gas oompanies the privilege of
consolidation, is special legislation.
Third, the People's oompany having been chartered In 1855, and the
Constitution of i870 forbidding the conferring of additional powers to
holoers of special charters, exoept in a general law, the Aot of 1897 Is
Invalid as conferring suoh powers.
Fourth, that the Aot of 1897 oonfers upon the company speoial immunities and privileges not conferred on other corporations.
Friends of the company attach little importance to this
renewal of litigation Chapin & Gay lord of Chicago say:
Opinions upholding the constitutionality of the gas Aot of 1897 have
been rendered by John J. Herrlck, John H. Hamline. Lorln C. Collins,
John 8. Miller, John P. Wilson. Frederick 8. Winston, Jamet F. Meagher and the late James L. High, all of very high standing in the Chicago bar; by Judges Dunne and Gibbons of the Cook County Circuit
Court, and by ex-Attorney General Aiken, when the latter was In
otlioe.
It is assumed that the present attack will fail. In other words,
that it will result in nothing more than the final and firm establishment of the right of the People's Gas Company to exist and do business on the present basis.— V. 72,
p.
1283.
Shelby Steel Tube Co.— Offer to Minority Stockholders.
See United States Steel 'Corporation below.— V. 72, p. 286.
—
United States Steel Corporatioh.— Strike.— The "general"'
strike order issued last week has proved even more circumscribed in its action than was forshadowed in our la3t issue.
The amalgamated employes of the Bay View, Joliet and
South Chicago mills, of the Federal Steel Co., being under
contract with the company, all voted to continue at work,
and this decision, in spite of urgent protests from the Anial
gamated officials, was adhered to except in the case of the
Joliet men, who on Thursday re-considered their action and
decided to strike. Of the plants of the National Tube Co.
only two tube mills, one at Benwood, the other at McKeesport (the latter owing to the strike of boys) and several skelp
mills, are closed. The Tin Plate Company has kept in operation its plant at Monessen and has opened about half the
mills of the Crescent plant at Cleveland. Nearly all of the
more important mills of the Steel Hoop Company are more
or less fully in operation, and the plants of the Sheet Steel
Company are reported to be turning out over 60 per cent of
their usual product.
Shelby Steel Tube Co.—-The terms of the transfer of the
Shelby Steel Tube Co. to the United States Steel Corporation
are one share (§100) of U. S. Steel common for four shares
(§400) of Shelby common and one Bhare ($100) of U. S. Steel preferred for two and two-third shares ($<J66 66) of Shelby preferred. To acquire on these terms the entire outstanding
capital stock of the Shelby Company would require about
$2,044,000 common stock and $1,675,000 preferred stock of the
United Company.— V.
73, p. 295, 188.
Vaughn Machine Co.— Bonds Offered.—The Utica Trust
&
and interest $100,000 of the
$500,000 first mortgage sinking fund 5 per cent gold bonds,
dated Aug. 1, 1901, payable Aug. 1, 1911. "Average net
earnings during the four yeais last past eight times the
amount required to pay interest."
Deposit Co.
is
offering at par
—
Western American Co.— Offer to Pay Bonds. This company, owning a railway and lands in Pierce County, Washington, has $100,000 on hand with which it proposes to purchase, at not exceeding par, bonds of the $500,000 issue
of 1898. J. F. McNeil of Colonsay, Seattle, Wash., as trustee
under the mortgage, recently advertised for proposals to sell
the bonds to the amount named.
—Flagg & Worcester,
the well-known dealers in investhave removed from 11 Pine Street, where
they have been located for years, to No. 45 Wall Street.
ment
securities,
Friday Night, Auk. 16a 1901.
has
continued
situation
to be a factor that the
The labor
business interests of this country have been closely followDevelopments during the week indicate that the United
States Steel Corporation hag made some progress against the
During the latter part of the week reports re.steel strikers.
ing.
ceived from Fall River stated that there were possibilities of
labor trouble among ootton spinners. Weather conditions
in the Middle West have been favorable for thb growing
crops. Some authorities have been disposed to take a more
optimistic view of the probable yield of the corn crop,
and
estimates have been increased somewhat from the recent low
A feature of the grain market has been an unusutigures.
ally large;export
movement
of wheat, bearing out the asser-
tions that Europe will require this season more than her
usual supply of wheat from the United States. The drought
in Central Texas has continued, and the cotton trade has
begun to show some apprehension over the cotton crop in
that section.
Lard on the spot has been
firinsr,
and at the advance there
has been a limited amount of business transacted for export.
The close was steady at 9"10c. for prime Western and 8'35@
The demand for refined lard has been
8 50c. for prime City.
slow, but prices have been advanced, closing at 9 '25c. for reSpeculation in the market for confined for the Continent.
tracts has been on a limited scale, but prices have advanced
with corn and on small receipts of swine.
DAILY CLOSING PRICES OF LARD FUTURES.
Sat.
900
August.
Hon.
Tue*.
905
910
Wed.
905
T/iur».
9 05
Fri.
910
Pork has been in moderately active demand and firmer,
50@16 50 for mess, $16 75@17 for family and
$16 50@18 for short clear. Cut meats have had a limited sale
and for pickled bellies prices have weakened, closing at 7@
closing at $15
7J4c. for pickled shoulders, 10; 4@llJ<c. for pickled
!
8%@9%c.
hams and
Beef has
had a fair sale at steady prices, closing at $9@9 50 for mess,
$IC@11 for packet, $10 50@12 for family and $15@15 50 for
extra India mess. Tallow has be9n in better demand and
Stearines have been firm, closing at
firmer, closing at 5c.
10^c. for lard stearine and 9^c. for oleo stearine. Cottonseed oil has been in better demand and prices have advanced
to 39^@40c. for prime yellow. Desirable grades of butter
have been in fair demand and steady at 16@20>£c. for creamery.
Cheese has been steady, closing at 7@9%c. for State
factory, full cream. Fresh eggs have been in limited supply
and prices for choice Western have been advanced to 18c.
A moderate amount of business has been transacted in
Brazil grades of coffee. The crop movement, although fairly
large, has been, if anything, slightly under expectations, and
this has held the market about steady.
The close was
steady, with Rio No. 7 quoted at 5^c. West India growths
have continued to meet with a good sale, present prices apparently being attractive to buyers, closing at 7j^c. for good
Cucuta. Speculation in the market for contracts has been
moderately active. There has been some selling, but prices
have shown no decided weakness. Following are the closing asked prices
Aug
4 95o. Maroh
5-30o.
4-85o. Nov.
Sept
5-Ono. May
5-45o.
4-85o. Dec
Oct
5-60o.
5-l5o. July
4-90o.l Jan
Raw sugars have been difficult to sell and prices have weakened to 4c. for centrifugals, 96-deg. test, and 3 7- 16c. for
muscovado, 89-deg test.
Refined sugar has been dull at
5-35c. for granulated.
Glucose has been firmer. Teas have
been steady. Spices have been dull.
Kentucky tobacco has continued to meet with a fair sale,
both exporters and the home trade being buyers at full prices.
Seed leaf tobacco has continued to drag. Business for the
week has been reported limited to a few odds and ends. Foreign tobacco has been in moderate demand and steady.
Business in the market for Straits tin has been dull and
prices have been weaker, declining to 36'75o. The close,
however, showed a steadier tone to market, reflecting a
stronger turn to foreign advices. Copper has been dull and
unchanged at 16>£c. for Lake. Lead has been unchanged at
4-37^c. Spelter nas held steady at 3-90@3'95c. Pig iron has
been dull and unchanged at §13 00@15 50.
Refined petroleum has been unchanged, closing steady at
Naphtha
7 50c. inbbls., 8-50c. in cases and 495c. in bulk.
has been unchanged at 9'05o. Credit balances have been
for pickled bellies, 14 to 10 lbs. average.
:
I
I
steady at $1 25. Spirits turpentine has been easier, but
closed firmer at 36J4@ 37c. Rosins have been fairly active at
Hops have been dull.
$1 40 for common and good strained.
Wool has been steady, but only a limited amount of business
has been transacted.
THE CHKONICLE.
3.10
COTTON.
Friday Night, August
16, 1901.
The Movement of the Chop, a8 indioated by our telegrams
from the South to-night, is given below. For the week ending
evening the total receipts have reaohed 12,020 bales,
against 18,002 bales last week and 23,021 bales the previous
In addition to above exports, our telegrams to-night ahc
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures fcr
Hew York, whioh are prepared for our special use by Messrf
We
Lambert & Barrows. Produce Exchange Building.
this
week, making the total reoelpts since the 1st of Sept., 1900,
7,5)5,366 bales, against 6,540,028 bales for the same period of
1899-00,
1900, of 99"),a06 bales.
showing an inorease sinoe Sep.l,
at—
Receipt*
Mon.
Sat.
122
509
259
50
Ac
>---
......
......
......
New Orleans...
S02
8
659
6
742
14
413
Bab. Pass,
Mobile
542
194
2,717
2,852
25
2
News, Ac.
350
129
243
318
396
437
•*•>••
......
......
......
......
1,950
6
1
18
1
......
••••-.
10
40
.... ..
......
59
188
>•-•
......
91
510
580
5
18
118
111
New York
Tot. this
1,417
::::::
Brunsw'k.Ao.
Charleston
Pt. Royal.Ac
Wilmington....
Wash'ton.Ao.
Baltimore
Phil ad el' a,
Xoiui
360
Ac
Penaaoola,
N'p't
rn.
Tkurt.
Wed.
Tut*.
Ac
268
week
1,215
......
1.873
1,950
25
......
15
39
8
22
17
57
......
......
6
39
1,860
2
275
50
134
275
320
1,447
4,376
12,020
The following shows the week's total receipts,the totalslcce
and the stock to-night, compared with last yea:
Sept. 1, 1900,
Receipt* to
Aug.
16.
Galveston...
Sab. P., <bo.
New Orleans
Mobile
P'sacola.&o.
Savannah...
Br'wlck.Ao
Charleston..
2,717 2,129,723
265 1,701,651
50,380
2,852 2,438.673
26 109,403
184,300
1,873 1.075,487
1.S50 134,381
25 232,326
87,345
1,859,331
198,703
152,393
1,080,632
121,881
262,647
1,235
279,706
799
408,150
34,494
80,471
118,981
102,477
49,132
......
112
N'portN.,Ac
349
39
New York...
1.349
134
275
320
.
Philadel.Ao.
258,288
522
429,398
35,501
157,933
197,151
72,185
27,939
12,020 7,535,366
Totals
186
6
297
510
171
1,773
P.Royal.Ao.
Wilmington.
Wash'n, Ac.
Noriolk
Boston
Baltimore
Since Sep.
1, 1899.
Thii
week.
Since Sep.
1, 1900.
Thii
week.
Stock.
1899-1900.
1900-1901.
4
466
146
20
888
53
1900.
1901.
29,345
2,820
47,524
6,233
28,833
4,242
—
....
6,631
7,643
—
770
1,636
2,191
2,092
.....
10,942
3,763
159,895
4,000
2,394
2,459
31,815
2,500
1,562
2,834
412
271,684
3.012 6,540,028
90,152
In order that comparison may be made with other yearr,
totals at leading ports for six seasons.
we give below the
Receipts at—
265
186
6,671
3,734
2,958
3,442
5,849
11,463
25
6
1,873
510
171
203
407
24
37
340
4
1
466
146
107
137
890
352
10
832
Galves'n.Ac.
New Orleans
2,717
2,852
Mobile
Savannah...
Ac
Wllm'ton, Ac
Norfolk
N. News, Ao.
25
112
349
39
All others...
4,028
1,058
3,869
lot. this wk.
12,020
3,512
15,006
Ohas'ton,
1896.
1897.
1898.
1899.
1900.
1901.
81
17
15,087
10,657
518
7,031
2,300
751
271
37
965
181
701
27
341
8,872
19,060
36,961
Slnoe Sept. 1 7535,366 6540,028 8420,217 8623,198 6712,960 6269,199
week ending this evening reaoh a total
of 39,566 [bales, of whioh 19,784 were to Great Britain, 859
to France and 18,923 to the rest of the Continent, Below
are the exports for the week and sinoe Sept. 1, 1900.
The exports
for the
Weed Mndint Aug. Id,
Exported to—
Export*
from—
Great
France
Brit'n.
Galveston....
Sal). Pass, Ao.
New Orleans.
7 722
Oonti
runt.
1,944
3,960
7.959
1901.
From
Sept.
Qrtat
Xotai
9,666
869.032 326,814
5,195
686,069
,751,915
81,354
36449
11,925
898.702 321,204
33,572
810,200
19,690
,021,108
151,832
765,778
23,425
63,630
23,899
657,761
...
Charleston...
70,377
PortBoyal...
Wilmington..
Norfolk
N'port N.,
New York
Boston
Baltimore.....
Philadelphia.
Ban Fran., Ao.
Total
Total. 1809-00
Wranet
74,777
174,118
66.211
7,896
859
142
50
4,814
8
13.569
142
94.741
70,162
140,529
77,879
14.782
146,056
223,435
6.695
21,377
27,347
4.460
31.797
289.078
3,717
625,180
328,725
84.008
146,475
9,077
859
802,856
600
88,216
Leaping
Other OoattGerGreat
Britain Fr'nce many. For'gn voUe.
New Orleans*
Galveston. ...
156
183
2,153
25
""76
1.000
New
York....
Other ports
"500
Total 1901..
3,078
Total 1900..
Total 1899.
* Estimated.
1,488
4,666
"25'6
i',300
695
27506
3"500
1,550
1,000
5,233
7,442
158,345
10,344
2,941
20,976
250,708
2,094
8,251
6,419
22,448
83,733
386,261
600
338 10.722
3,297
2,837
10,308
1.223
ing that cotton in that section of the cotton belt is gradually
deteriorating, owing to the absence of sufficient moisture.
Crop news from the southeast of the Mississippi has not
been particularly favorable, excessive rainfall being complained of in some sections. During the latter part of the
week a small estimate of the growiDg Texas crop was given
out by one authority while it received considerable attention
in the trade, it had no pronounced influence upon the market.
Advices received from the Southwest indicate an early
movement of cotton in Texas. The possibilities of labor
troubles in Fall River have had their it fluence against the
market. Reports from Great Britain advise business in the
cotton goods trade as fairly satisfactory, but reports from
the Continent and domestic markets have continued of a
quiet demand. To-day there was a steadier market on the
continued dry weather reports from Central Texas. The
close was steady at a net gain for the day of 3@9 points.
Cotton on the spot has been steady at 8c. for middling up;
lands.
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 contract, are as follows.
Fair
..o. li« on Strict Good Mid. Tinged. o. 3 16 on
Middling Fair
% on Good Middling Tinged
Even
Strict Good Middling
4 on Middling Tinged
H ofl
Good Middling
Mrlot Low Middling
Low Middling
Strict
5 ie<>n
16 ofl
7, 6 ofi
off
%
Good Ordinary
Good Ordinary
week— Aug.
a few of the grades
16—would be as follows.
10 to Aug.
Mon Tnei Wed
Sat.
Good Ordinary.
Low Middling..
Middling
Middling.,
615 16
615 16
79l6
7 9 16
8.
8.
fc°16
GULF.
7 3 16
7ia 16
73 16
Middling
84
75 16
7lS18
Good Middling..
8y
b9
»9
Middling Fair..
9
Low Middling..
STAINED.
16
Sat.
84
ie
9
84
16
9
64
74
64
74
Middling Tinged..
Good Middling Tinged
7»8
8
7«8
8
75s
Low
8
1901. ...c. 8
1900
1899
1898
1897
1896
1895
1894
104
63 16
6
8
83 16
79 10
7
1893. ...0. 74
1892.
74
1891.
8
12i is
1890
11B 16
1889
1888.
1887
1886
113s
95s
97 16
1885....c.l07 16
1884
lO'g
103 16
1883
1882
1881
1880
1879
1878
8
7»ie
8
16
7-"
7 3 16
lo
7i3 1(J
715
84
84
8Q 16
89
9
9
M
'
1J
84
ie
*>°16
16
9
64
74
Th. Frl.
64
64
74
74
76a
8
759
8
MARKET AND
13i 16
12is
11 9 16
1138
1115 16
I
7*8
I
8
1877....C.117 16
1876
123a
144
1875
1874
1873
1872
1871
1870
17
19 73
21%
184
194
SALES.
The total sales of ootton on the spot eaoh day during the
week are indioated in the following statement. For the
convenience of the reader we also add columns whioh show
at a glance how the market-f or spots and futures olosed on
*ame days.
Sales of Spot A Contract.
Spot Market Futures
Market
ConExOonClosed.
Closed.
port.
1.358
89.496
8
6i= ie
The quotations for middling upland at New York on
Aug. 16 for eaoh of the past 32 years have been as follows.
Total, . ... .... .«_ .••••« ...*i.... .... ......
6.001
86,255
I
I
16,26612,320,4^8 601,656 2,8S4,230 5,896 ,374
1.102
3,240
61=16
79l6
Mon Tuei Wed
64
74
Strict
T*. Fri.
79JL6
73i 6
7ia 16
.....
Middling....
Middling
616 16
16
Sat.
Good Ordinary.
615 16
7^16
8
for
So
So
8*
8%
8\
8%
in on Toes Wed Ta. Frl.
8%
Middling Fair...
Low
14 off
14 ofl
offioial prices for
UPLANDS.
Good
H off
H ofl
liieoS
On this basis the
the past
Low Middling Tinged
Middling Stained
Strict Low Mid. Stained...
Low Middling Stained
Strict
s
39,566.3.028,962 729,188 2,719,650 8,477.800
3.899
I
40,8(6
21,212
6,.'. 31
75
400
558
300
826,008
82,467
6,718
*,133
812
Charleston...
Mobile
itoek.
Total.
366
2,235
1,809
7.113
Savannah
Quiet Ast'dy
Saturday ..Steady
Quiet & steady. Quiet. .......
Monday
Quiet
Tuesday... Quiet
Very steady.
Wednesday Dull
Thursday.. Quiet & steady. Quiet Ast'dy
Steady
Friday
steady
4.056
200
19,764
53.262
28,533
600
8
16. 1901,
Continent.
Week. Britain.
Savannah
Ac
Aug.
1900, to
Bxporttd to—
lotal
Mobile
Pensacola
Brunswick
1,
1
Speculation in cotton for future delivery has been on a very
moderate scale. The market has been a small and narrow
349 one. Traders generally have been reluctant to commit
side of the market, preferring to hold
39 themselves to either
off awaiting developments.
The crop news from centre!
1,349
Texas has continued discouraging, the private advices stat-
50
1,082
ON (HIPBOAKD, MOT OLKA1ID FOR—
Aug. 16 at—
112
......
2,060
LXXUI.
[Vol.
i
ioo
tump.
372
120
459
200
597
116
1,864
tract.
Total.
772
400
1,078
759
200
697
116
400 ~3,622
August
IT,
THE CHRONICLE.
1901.]
Futubes.— Highest, lowest and closing prices at New York
At tue Lntebiob Towns the movement— that Is the receipts
(or the week and since September 1, the shipments for the
Itemi tor the
jthhb and the stocks tonight, and the
corresponding period of 1899-1900 —is set out In detail below.
MOM
m;
ex- WMtoyi;
o'
-3' a! ts-jvtol »otots
*.;
5' a*
k9-3QDM.
COM-31S'
jf».
©•
m! tS
ts:
:
•
o>:
;
:
co
coco!
© O
|U
-3
co!
p
atow
«joi-J'
5
>.
to
^~i~
—
lin
Co
to
a to
CO
—
a to
ex ex nr © <* tsoa-3o>i-'
Ira
— o * * f -3 m co m to ^ » -i a
w ts
i^ m a »o acts «k Wti
i->
<»•
» co p f> 05 © ©Jf
"ffiu*^»"ibV«VMis<sV*"Vc«V^VoVoDMVa)abM»
~
00^30'X>*.5DUCCt%/a)tOCDtOO«CJ'Coac>iOD<».CC — MO*»-3
O.C»-3'£»- il*CX*k© M_-3 ts^3
,
l
0;
OCXI-
l
-lScococo^-3<oootswto*^co-Jts-4COi^*.h-coato-^Mit-oa<o-)
1
coco'
-j.
ojMOitstSMtso'
to
coco
-3
CO
.
I
-j
Id
3
CO
co
I
aco
-3-4
COCO
co*-
id
Id
COCO
CO
ex
-3-3
*lco
-3
oca
a
I
-3-3
COCO
**©
9
19
?•?
ft
lit
'
&
.
ts
9
I
-3-3
cots
coco
I
-3-3
cots
oa
9
I
o
9
I
I
I
ooa
I
9
I
9
-3-3
*-co
tct-
-3-3
coco
-5-3
coco
-3-3
COtS
I
OOM
9
-3
I
9
-3-3
COlfe-
IP-
COO
WM
I
9
-3-3
COCO
ts
o
cc
9
9
1
2
9
CO -3
I
9
1
M
co
Id
*«•
COM
MtO
COO
"-•
to
-0)-a
-»«J
tots
IS
ow
*
CuO
I
9
I
—
9
I*?
CO
-3<l
tsto
.-?
I*?
O
I"?
'
'
Id
Id
1
'
M
a
id
•
CO
I*
-3
1900.
310,000
13,000
323,000
18,000
88,000
200
200
1901.
©
•
-i.
;
*•
•
tooo-
,
a-
cow; iomc»is
00-3.
cxex.
f CO tS 10 f f a MMOJ-4
# -3 M CC OO & f* -J
*.
-3
** i^
>- is oo to ex co
a
a
ato
ft- CO -cots
** OS CX CO CO to CO CO
© CO tv f
CC-3000©*n-'COex©C>exCoeOCOacoeO*^>-<D
acoMto-aco-scowioooeoccoicaoif toocc
co;
:
©:
a-
a-
coa!
o
owaa<
C*
tS
-3'
:
•
w
to
•
•
;
co
'm;
-3oco.
'oo.
a
»
CD
eowot
tots;
©o.
-3 ts ts co to
tOM
>-•
if.
a u>
&)
1-
r-
_r.^|^rx>iaeo(-'coi-'ts©a-3acoc7'^-ai-'0'ifu>a©acoiso<aa>-'
a -j <o ts <i a a © <*>po;**<)p**fiv>a>ppc**af'-** top o> ex «c to co
"co'coWs'coV'Vi'i.oo w*>-'biMa'cotsooco'b>-3
was® lots ex itt.b>©V*.
aiocoi^aacotscooo-3co-3coco-3i^t<;tsh-aifeaOMa>-'H'oco©
coi-*o<Mco*tCDeocooiF>aca-3OOCoco^>tsoocflcoatscxcx>--oa3C0
M tS
tsCO
©
w
ex;
a',
w
ts
ex
co;
a co to;
;
;
•
-i-'aa"
to;
;
;
CO!
»-
-3tOk9l
>-co*-.
o!
©•
*-
•
©ex
!
•
» - s
m
t--JtS»-'06W
w
§
I
'
ts
CX
1899.
970,000
9,000
979,000
32,000
200,000
3,000
200
4,000
172,000
6,000
87,000
86,000
25,000
565,200
©o©#kOo is a >- to m a -1 co — o co © co 00
<- ©tsks«3atoatsocDoooa»oato
qd- cooex. aen.
-j-j^oiaoaoaeoooc ts <o & to -3 -3
The aoove totals snow that the interior stocks have deceased during the week 10,264 bales, and are to-night 98,307
bales more than at same period last year. The receipts at all
towns have been 9,909 bales more than same week last year.
©•
o;
1898.
843,000
5,000
848,000
20,000
177,000
tooslp.;
cocx-3;
©ex"
aa; acoai^
-300^
5?
,
Ovebland Movement pob the Week and Sinoe Sept. 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Aug. 16 and since Sept. 1 in the last two years are as follows.
1900-1901.
Aug. 16.
1,000
Week.
300
6,000
3,000
3,000
153,000
100,000
86,000
4,000
3,000
4,000
53,000
81,000
57,000
23,000
28,000
21,000
19,000
16,000
6,000
230.200 303,200
470,300
779,200' 626,200 1,544,200 1,318,300
27,000
82,000
39,000
41,000
Amer.ootton afloat for E'rope. 124,000
74,000
68,000
67,000
f
E«rrpt.Brazll,&o.,aflt.forE pe
13.000
14,000
17,000
18,000
Stock In Alexandria, Egypt. .
75,000
47,000
49,000
52,000
Btook in Bombay, India
444,000 272,000 426,000 409,000
Btook In United States ports.. 271,681
90,152 358,709 202,386
Stook In U. 8. Interior towns.. 143,899
45,592 225,769
108,858
United States exports to-day..
6,562
2,452
7,206
2,140
Total Visible supply
1,889,345 1,198.396 2,734,884 2,218,684
Of the above, totals of Amenoan and other descriptions are as follows:
American-
Liverpool stook
Continental stocks
;
-3
«5
to-night, 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. 16), we add the item of exports from the United States,
Including in it the exports of Friday only,
489,000
10,000
499,000
19,000
64,000
m
<o
The Visible supply op Cotton
8took at Liverpool
bales.
Btook at London
Total Great Britain stock
Stook at Hamburg
Stook at Bremen
Btook at Amsterdam.... ......
Btook at Rotterdam
Btook at Antwerp
Stook at Havre
Stook at Marseilles
Btook at Baroelona
Btook at Genoa
Stook at Trieste
Total Continental stocks..
Total European stocks....
India cotton afloat for Europe
rn 05-J^CB-JCOto;
-J ck ex -3 •
to >- -3
a
-3-3
tots
I
1
i
I
CXM;
tSC0-3O'
O-ISCO
a;
'
!^
-J-3
-3 CO
I"?
CO
9
CO
ts
I
I
-3e3
•4-3
Ifa.
I
-3A
ooa
-3-3
tots
OCSD
-?i
a
9
tots
-3-3
-3-3
COCO
to
CO
to to
-3-3
-J -J
CO CO
-3
i
-J -3
***3
COCO
CO
i
-J -3
a
CO
oo
CO
CO
cow
on;
»w-3ai-'ODO"to; Mts;
oao-3 wo<-3ta hoi.
371,000 218,000 892,000 761,000
207,000 273,000 494,000 409,000
American afloat for Europe... 124,000
74,000
68,000
67,000
United States stook
271,684
90,152 358,709 202,386
United States Interior stocks. 143,899
45,592 225,769 108,853
United States exports to-day.
6.662
2.452
7,206
2,140
Total Amerloan
1,124,145 703,196 2,045,684 1,550,384
Scut Indian, Brasil, Ac.—
Liverpool stook
118,000
92,000
78,000
82,000
London stook
10.000
13,000
5,000
9,000
Continental stocks
73,200
30,200
71,200
61,300
India afloat for Europe
32,000
27,000
41,000
39,000
Sgvpt, Brazil, Ac, afloat
13,000
14,000
18,000
17,000
Btook in Alexandria, Egypt.
75,000
47,000
52,000
49,000
Stook In Bombay, India
444,000 272,000 426,000 409,000
Total East India, &o
765,200 495,200 689,200 668,300
Total Amerloan
1,124,145 703,196 2,045,684 1.550,384
Total Visible supply
1,889.345 1,198,396 2,734.884 2,218,684
4i3 3S d.
Middling Upland, Liverpool..
5i9 32 d.
3*jd.
37 16 d.
Middling Upland, New York.
63 10 O.
80.
5'8C.
100.
Egypt Good Brown, Liverpool
Blind.
fiifld.
4%1.
5»sd.
Peruv. Rough Good, Liverpool
7T 16 d.
678 d.
7d.
6 7ad.
Broaoh Fine, Liverpool
3i»d.
4^d.
3Hid.
59i 6 d.
Tlnnevelly Good, Liverpool. .
4ifld.
4%d.
3*4d.
3^i Q dbales.
.
.
t3T* Continental imports past week have been 53,000 bales.
The above figures indicate an increase in 1901 of 090,949
bales as compared with same date of 1900, a loss of 845,539
bales from 1899 and a decline of 329,339 bales from 1898,
Shipped—
Via St. Louis ......
.
Via Paduoah
_
Via Rook Ipland
Via Loulsvihe.... ......
Via Cincinnati
Via other routes, &C...
._.„.
Sept.
914,760
238,541
1,998
2
133
102
5,105
58,533
137,420
114,903
290,614
200
369
8,846 1,759,876
1.
858,986
227,211
11,686
12,810
212,009
135,754
320,894
2,569 1,779,350
455,211
98,986
85,535
961
186
493
730
351,061
78,482
98,571
2,571
639,732
1,877
528,114
2,078
._..
Since
Week.
576
1,013
Total gross overland.
Deduct ihipmentt—
Overland to H. Y., Boston, dec.
Totalto be deducted.
Since
Sept. 1.
7,022
........
......
1899-1900.
Leaving total net overland*..
692 1,251,236
6,276 1,120,144
Including movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 6,275 bales, against 692 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 131,092 bales.
1899-1900.
1900-1901.
In Sight and Spinner $'
Taking*.
Week.
Total marketed
Came
*
into sight during week.
Total In sight Aug. 16
Morth'n spinners tak'gs to Aug.16
Decrease during week
Movement
1899
1898
1897
1896
1.
Sinee
Week.
Sept.
1.
3,012 6,540,028
12.020 7,53.1,366
692 1,251,236
6,275 1,120,144
30,000 1,435,000! 30,000 1,523,000
Beoeipte at ports to Aug. 16
Net overland to Aug. 16
Southern consumption to Aug. 16
nterior stocks In exoess
Since
Sept.
43,295 10090510' 33,704 9.314,264
99,272 * 2,667 U97.591
10,264
38,031
10189782J
6,5841,985,4361
31,137
9,116^673
2,179,509
into sight in previous years.
bale*.
Week.
39.615
27.591
84,939
62,014
1898-99
1897-98
1896-97
1895-96
Sinte Sept. 1.
bales. 11,164,451
11,021,182
8,425,915
7,065,660
THE CHRONICLE.
352
[Vol. LXXiii,
Quotations for Middling Cotton at Oth ik Markets.— rain. Rain has fallen on six days during the week, the preBelow are closing quotations of middling cotton at Southern cipitation being two inches and one hundredth. Minimum
and other principal cotton markets for each day of the week. temperature 70, highest 92. average 81.
Little Rock, Arkansas.—There has been rain on two days of
(LOSING QUOTATIONS FOK MIDDLING COTTON ON—
the week, to the extent of seventy-nine hundredths of an
Weekending
Aug. K.
inch. The thermometer has averaged 81, the highest being
Fri.
Thurs.
Satur.
Wednes.
Mon.
Tues.
_
Galveston...
8
New Orleans
8he
8'lG
734
70s
7*4
feho
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
Boston
Baltimore
..
.
.
Philadelphia
Augusta
7 "8
734
8»4
8H
7 '8
8
|ll8
8H
Memphis
St.
Louis
8
7 '8
Houston
Cincinnati
Louisville
The
8*
.
.
.
7»8
8
8
H
8
H
8ii«
8
She
She
She
8>4
8>4
8^8
8H
8^
8
8
She
81x6
70s
7»8
734
70«
734
8
8
8
734
8
8
....
%&
70s
7°8
70g
ft"
94 and the lowest 69.
8i,7~
734
—
8
8»4
8i 4
8*
BH
8%
8
8
8
8
8
8
8
8
8
8
8
8
8
She
8>4
814
8H
8H
an
8H
83e
838
814
838
8
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens
|
Columbus.Mlss
Eufaula
1
Little
|
Montgomery...
I
Atlanta
Charlotte
Columbus, Ga.
?i3 16
8^
734
Rock
...
7°8
7*8
Nashville
8
Natchez
7?8
7he
Raleigh
Shreveport
8*4
7 VA ie
7*2
Weather Reports by Telegraph.— Reports to us by telegraph from the South this evening denote that rain has fallen
in most sections during the week, but in many districts of
Texas there has been little or no rain. The precipitation has
been heavy in parts of Arkansas, Mississippi and Alabama and
in
some
districts along the Atlantic.
Our Galveston
corre-
spondent states that cotton has deteriorated to an alarming
extent in Texas during the week, and that many report fields
white and cotton all open. From sections of Mississippi there
are complaints of too much rain, and Helena, Arkansas, says
that the rain, while improving the looks of the plant, has
caused shedding. Our Memphis correspondent reports that
rain has improved crop conditions in that district, and from
some points on the Atlantic we have more favorable advices.
Galveston, Texas.— The cotton croD has deteriorated to an
alarming extent during the week. Unless general rain comes
next week it will be too late for the large area where drought
has prevailed so long. Many report fields white and cotton
Crop estimates range from 2% to 3V4 millions for
all open.
Texas and the Indian Territory. One million Dales shortage
compared with last year is the popular figure at the present
time. There have been showers on one day during the week,
the precipitation reaching two hundredths of an inch. The
thermometer has ranged from 78 to 93, averaging 85.
Abilene, Texas.— It has rained on one day during the week,
the precipitation being eight hundredths of an inch. Average thermometer 84, highest 98 and lowest 70.
Brenham, Texas. We have had rain on one day of the
week, the precipitation being fifty eight hundredths of an inch.
The thermometer has averaged 83, the highest being 101 and
the lowest 74.
Corpus Christi, Texas. We have had rain on one day during the week, the rainfall being four hundredths of an inch.
The thermometer has averaged 82, ranging from 76 to 98.
Dallas, Texas, We have had rain on two days of the
week, to the extent of one inch and eighty hundredths. The
thermometer has ranged from 69 to 104, averaging 87.
We have had rain on one day during
Henrietta, Texas.
the week, the precipitation being sixty-eight hundredths of
an inch. Averge thermometer 87, highest 103, lowest 71.
Huntsville, Texas.— There has been no rain during the week.
The thermometer has averaged 84, the highest being 100 and
the lowest 68.
Lampasas, Texas. It has been showery on two days of the
week, the precipitation reaching thirty-eight hundredths of
an inch. Thermometer has averaged 84, ranging from 68 to
—
—
—
—
—
100.
—
—
—We
have had rain on one day during
Texas.
the week, to the extent of eight hundredths of an inch. The
thermometer has averaged 87, ranging from 74 to 100.
New Orleans, Louisiana.— There has been rain on four
days during the week, the precipitation reaching one inch
and forty-nine hundredths. Average thermometer 82.
have had rain on four days
Shreveport, Louisiana.
the past week, the rainfall being twenty-nine hundredths of
an inch. The thermometer has ranged from 72 to 98, aver-
San Antonio,
—
—
to 89.
Charleston, South Carolina.—-There has been rain on five
days during the week, the precipitation reaching six hundredths of an inch. The thermometer has ranged from 76 to
88, averaging 83.
Stateburg, South Carolina. The weather conditions have
been favorable during the week and the cotton crop has progressed accordingly. We have had light rain on four days
of the week, the rainfall reaching thirty-six hundredths of
an inch. Average thermometer 81*1, highest 92, lowest 72.
Greenwood, South Carolina. Good showers in this section
have improved cotton. We have had rain on two days during the week, the precipitation being twenty hundredths of
an inch. The thermometer has averaged 83, the highest
being 95 and the lowest 71.
Norfolk, Virginia.—The week's rainfall has been three
inches and sixty-six hundredths.
—
—
— We
aging 84.
Columbus, Mississippi.—There has been rain on four days
the past week, to the extent of six inches and seventeen hunThe thermometer has averaged 79, the highest
dredths.
being 95 and the lowest 64.
Leland, Mississippi.— We have had rain during the week,
the rainfall reaching ninety-two hundredths of an inch. The
thermometer has ranged from 67 to 92, averaging 81.
Vicksburg, Mississippi.—-There are complaints of too much
Movement from all Ports.—The
India Cotton
receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Aug. 15, and for the season from Sept. 1
to Aug. 15 for three years have been as follows:
1900-1901.
Receipts at—
Week.
Bombay
1899-1900.
Since
1898-1899.
Since
Week.
Sept. 1.
8,000 1,915,000
Week.
Sept. 1.
3 000
909,000
For the Week.
Since
Sept. 1.
21,000 2,062,000
Since September
1.
Exports
from—
Great
Britain.
—
Longview, Texas. We have had rain on one day of the past
week, to the extent of ten hundredths of an inch. The thermometer has ranged from 70 to 104, averaging 87.
Palestine, Texas. There has been no rain all the week.
Average thermometer 84, highest 96, lowest 72.
Paris, Texas. Rain has fallen on one day of the week, the
precipitation being twenty hundredths of an inch. The thermometer has averaged 82, the highest being 95 and the lowest 69.
Helena, Arkansas.—The rain improved the looks of cotton,
but has caused shedding. There has been heavy rain on
three days during the week, the precipitation reaching fcix
inches and one hundredth. The thermometer has averaged
79-7, ranging from 68 to 94.
Memphis, Tennessee. Rainfall has been heavier in other
parts of the district than here, and crop conditions are improved. Cotton is beginning to open. The first bale was
received here to-day from Pine Bluff, two days earlier than
the average. We have had rain on two days of the week,
the rainfall reaching sixteen hundredths of an inch, and it is
now raining. The thermometer has ranged from 65*6 to 95,
averaging 80*3.
Mobile, Alabama. —The extent of yesterday's storm is not
yet known. Rain has fallen on six days of the week, the
precipitation being seven inches. The thermometer has
averaged 81, the highest being 92 and the lowest 70.
Montgomery, Alabama.— Two bales of new cotton were received yesterday. One came from Montgomery County, the
other from Autauga County. They classed strict middling
and sold at 7^c. per lb. We have had rain on three days of
the past week, the precipitation reaching one inch and
twenty-four hundredths. Heavy rain storm last]night. The
thermometer has averaged 82, ranging from 70 to 93.
Selma, Alabama.—The first bale of new cotton reached
here Thursday, Aug. 15th, or six days later than in 1900.
There has been rain on four days during the week, the precipitation reaching three inches and four hundredths. The
thermometer has ranged from 68 to 94, averaging 81.
Augusta, Georgia. Cotton is fruiting rapidly and heavily
where soil is fertile, but is still abnormally late. The first
new bale arrived to-day from Americus. We have had rain
on three days during the week, the precipitation reaching
thirty-seven hundredths of an inch. Tne thermometer has
averaged 82, the highest being 92 and the lowest 72.
Savannah, Georgia. There has been no rain during the
week. The thermometer has averaged 82, ranging from 74
Oontinent.
Total.
Oreat
Britain.
Continent.
Total.
Bombay—
1900-01..
1899-00..
1898-99..
3,000
2,000
2,000
3,000
2,000
2,000
68,000
17.000
15,000
565,000
106,000
530,000
633,000
123,000
545,000
2,000
1,000
2,000
1,000
4,000
3,000
5,000
43,000
30,000
31,000
47,000
33,000
36,000
1,000
1,000
8,000
5,000
2,000
19,000
14,000
17.000
27,000
19,000
19,000
5.000
3,000
6,000
4.000
4.O0O
15,000
9.000
10,000
127,000
89,000
122,000
142,000
98,000
132,000
12,000
7,000
6,000
95,000
34.000
32.000
751,000
239,000
700,000
849.000
273,000
732,000
Oaloutta—
1900-01..
1899-00..
1898-99..
Madras—
1900-01 .
1899-00..
1898-99..
All others—
1900-01
1899-00..
.
1,000
1,000
4,000-
1898-99..
Total all—
1900-01.
189900.
1898-99.
1,000
1,000
11,000
6,000
6.000
I
—
Cotton in Vicinity of Weldon, N. C. The following
from a correspondent at Weldon, N. C, is dated August 13,
and explains itself
For the last two days we have had the heaviest rains I have seen at
this season of the year in fifteen years. Cotton is very seriously injured. Sixty per cent of a crop, with favorable weather now on, is all
we can count on, and unless we have a very late fall not more than
fifty per cent. Cotton is from two to three
fields abandoned.
fruit, is all weed and
this
many
aeotion the poorest we have had
weeks
late, has but little
I consider the crop in
slnoe 1889.
August
THE CHRONICLE.
17, 1901.]
Cotton Crop Circular.— Our Aunual Cotton Crop Review
will be ready in circular form abont Friday, September 6.
Parties desiring the circular in quantities, with their business
card printed thereon, should send in their orders as soon as
possible, to ensure early delivery.
Alexandria Receipts and Shipments op Cotton.Alexandria, Egypt,
August 14.
1900 1901.
1899-1900.
2.000
5,458,000
1,000
6,435,000
1898-1899.
Beoelpts (cantars*) . .
Exports (bales)—
8,000 321.000
4,0001355,000
t
Sine
This
8ept.l.\ week.
Since
This
week.
5,580,000
•
Sept.l.
400,000
3,000 421,000
This
week.
Since
Sept.l.
5,000 340,000
7,000 384,000
7,000 1676,000 3,000 821,000 12,000 724,000
Total Europe
Aoantar 18 98 pounds.
Of whloh to Amenoa In 1900-1901, 55,316 bales; In 1899-1900,
70,595 bales; In 1898-99. 51,105 bales.
Manchester Market.— Our report received by cable
to-night from Manchester states that the market continues
dull but steady for yarns and quiet for shirtings. The degive the prices
mand for foreign markets is improving.
for to-day below and leave those tor previous weeks of this
We
and
year for comparison.
last
8H
8 J* tbt. Shirt- Oott'n
Twist.
d.
d.
common Mid. 82s Oop.
to finest.
8.
J'lyl2 7*4 O8I4 5
" 197"* 98^ 5
" i6 6^i 6 9TTt 5
Aug.2 6i3 10 &73i 5
" 9 6\
5
" 166^ nl\ 5
m\
d.
3
3
2
2
8.
08
08
©7
©7
d.
Uplds
H><4
l>fl»7 U)»*
li««»7 10»*
d.
d.
to finest.
d.
s.
83 16 a>8i5 16
4iy- ! o8 ,4 «9
4i3- j »!8 1 « 09
47 1G 8
'it 8^
44s
8^ ®8 7a
4Wsal8
»8 7s
common
d.
8.
d.
5
4i««7 9
5
4i«1»7
4 «7
5
5
5
5
3
4
97
«7
9
8
7"j
9
3i«»7 9
Mid.
Upldi
rt.
529 TO
5-'.',.,
5*
5*16
5WR9
51« 32
—
August 12:
Nortu Carolina.— Heavy
rains Monday to Wednesday caused
freshets with some damage by washing land, bat rainfall generally
beneflolal and followed by clear, warm, favorable weather; cotton Improved, thinly boiled, out holding fruit well.
Sodth Carolina.— General rains were beneficial, but over northeastern counties freshets destroyed lowland orops; ideal growing
weather and marked improvement in all orops; cotton now has fair
growth and is well fruited, with little rust or shedding and few lice;
some fields very fine and earliest opening.
Georgia.—Abundant rainfall in northern and middle sections benefited aU crops, particularly cotton, whloh is In line oondltlon exoept
where damaged locally by rust and shedding; In southwestern counties too muoh rain has caused cotton to rust and shed in some fields,
but crop is fruiting heavily and opening in numerous localities.
Florida.— Frequent rains followed by hot sunshine over large portion of cotton districts caused cotton to shed, and In some sections it
is suffering from rust; bottom crop short, in fair state of cultivation;
picking quite general.
Alabama.— Quite general and benetlolal rains, though slightly excessive in some central and southern counties; cotton boiling well,
some open, none picked; oondition generally satisfactory, though reports of rot. rust and shedding more numerous.
Mississippi.— Moderate showers in south and middle portions, light
in north; cotton stopped growing and is shedding badly on uplands In
many northern counties, but doing fairly well on lowlands and very
promising in south, although few damaging features; well fruited, beginning to open
Louisiana.— Good rains in southeast portion, dry in northwest portion; cotton doing well over southeastern portion and along Mississippi River; elsewhere crop needs rain; some complaints of rust and
shedding in west-central parishes.
Texas. Showers over limited area In northeast and along Gulf
coast and dry elsewhere, especially in central portion, where severe
drought prevails; cotton doing fairly well where rain fell; where
drought prevails it is falling fast; complaints of shedding, blooming
to top, and premature opening; pioking general exoept in northern
—
counties.
Arkansas.—Temperature about normal; rain In most districts, but
unevenly distributed; cotton generally In fair to good oondition, but
some complaint of shedding and damage by rust.
Oklahoma and Indian Territory.— Local rains continue to improve condition of ootlon; some localities still suffering for rain; cotton boiling and fruiting well and generally in good condition.
Tennessee.— Good rains fell over greater portion of eastern aud
middle divisions on 5th and 6th, greatly reviving growing orops; in
the western division the drought is still unbroken in many places and
the outlook is anything but encouraging; where rains fell crops are
in good condition.
Missouri.— Nearly normal temperature; copious rains in southwest,
elsewhere light and scattered; cotton much improved.
These reports on cotton are summarized by the Department as follows:
Further improvement In the condition of the ootton is generally reported from the central and eastern portions of the cotton belt, although rust and shedding are more or less indicated, especially in
Georgia, Florida and portions of Alabama, where too much rain bus
fallen in localities. Over much of the western part of the cotton belt
and in portions of the central districts cotton is suffering for rain, and
in thejdrought region of Texas is falling rapidly. Picking is In general
progress in Texas, exoept in the northern counties.
European Cotton Consumption to August 1.— By cable
we have Mr. Ellison's cotton figures brought down to
to-day
1.
We
Oreat Britain
1.
Oontinent.
Total.
For 1900-190 1
—
For 1899-1900.
3,981,000
2,:>59,000
6,940,000
Takings by spinners... bales
505
490
4b 4
Average weight of bales.lbs
1,494,527.000 T,950.690,0O0 3,445,217.000
Takings in pounds
According to the above, the average weight of the deliveries
Oreat Britain is 510 pounds per bale this season, against
505 pounds during the same time last season. The Continental
deliveries average 438 pounds, against 49(1 pounds last year,
and for the whole of Europe the deliveries average 496*8
Our
pounds per bale, against 493*4 pounds last season.
dispatch also gives tbe full movement for this year and last
yp»r in bales of 500 pounds.
in
Oct. 1 to Aug. 1.
Bales of 500 lbs. each,
000* omitted.
1900-1901.
Oreat
Britain
1899-1900.
Oontinent.
Oreat
Britain
Total.
Conti-
Total
nent.
525
47,
Spinners' stock Oot.l.
2.799,
Takings to Aug. 1
4,061,
371,
6.860.
2,989
3,901
688,
6,890,
2,846,
Supply
Consumpt'n, 43 weeks 2,774
4,385.
3,784,
7,231
6,558
3,052
2,884
4,426,
3,784.
7,478,
6,668,
72
324.
63.
601,
673,
168.
612.
810,
50,
66,
88,
66,
66,
66,
66,
66,
66,
66,
66.
88,
88,
88,
88,
139,
154,
154,
154,
154,
154,
154,
68,
68,
68,
91,
91,
91,
68,
68,
68,
68,
68,
68,
68.
87,
87,
87,
159,
159,
159,
155,
155,
155,
155,
155,
157,
156,
Weekly Consumption,
Government Weekly Cotton Report. Mr. Jas. Berry,
Chief of the Weather Bureau of the Agricultural Department, made public on Tuesday the following telegraphic reports on the crop in the Southern States for the week ending
August
Aug.
2,744,000
4,160,000
6.904,000
Takings by spinners... bales
48510
496-8
Average weight of bales, lbs
....... 1.399,440,000 2,030.280,000 3,429,720,000
Takings in pounds
lbs. Shirt- Oott'n
ings,
™»*-
4<>9
11
1 to
Spinners' stook Aug.l
1900.
1901.
32f Oop. ings,
oeu
~
give also revised totals for last year that
comparison may be made. The spinners' takings in actual
bales and pounds have been as follows:
In
In
In
In
In
In
In
In
OOOf omitted.
October
November
December
January
February
March
April
May
88,
88,
87,
154,
87,
154,
In June
88,
89,
154.
In July
88.
88.
Note.— Our cable also states that Mr. Ellison has revised previous
months' consumption on the Continent by adding 1,000 bales per week.
88,
I
The foregoing shows that the weekly consumption
is
now
154,000 bales of 500 pounds each, against 156,000 bales of
like weights at the corresponding time last year.
The total
spinners' stocks in Great Britain and on the Continent have
decreased 109,000 bales during the month, and are now
137,000 bales less than at the same date last season.
Jute Butts, Bagging, Etc.— The demand for jute bagging
has been quiet 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 at
6^8*36^0., f. o. b., according to quality. Jute butts continue
dull at 1K@1/8 C f° r paper quality and 2%@2%c. for bagging
>
quality.
—
Shipping mews. As shown on a previous page, the
exports of ootton from the United States the past week have
reaohed 39,566 Dales. The shipments in detail, as made up
from mail and telegraphio returns, are as follows:
Total bales
New York— To
Liverpool, per steamers Celtic, 1,495
Bohemian, 3,356
Nomadic, 834
To Hull, per steamer Afrida, 876
To Manchester, per steamer Holbein, 1,300 upland and 35
Sea Island
To HavTo, per steamers La Bretagne, 159 Sea Island
Maristow, 700
To Bremen, per steamer Barbarossa, 3,102
To Hamburg, per steamer Pennsylvania. 150
To Antwerp, per steamer British Priuoe, 200
To Genoa, per steamers Tartar Prince, 17ft...Werra, 450..
To Naples, per steamers Tartar Prince, 400
Werra, 337.
Sew Orleans—To Liverpool— Aug.
1
2—Steamers
1,835
859
3,102
150
200
625
737
3,966
To Hauiburg-Aug. 15 -Steamer Adria, 859
To Rotterdam— Aug. 15— Steamer Swindon, 50
To Antwerp—Aug. 10— Steamer Bellarden, 349
Aug. 12
—Steamer Kurrachee, 962
To Genoa -Aug. 14— Steamer Monglbello, 5.739
Galveston—To Liverpool -Aug. 10— Steamer Orion, 7,722
To Hamburg—Aug. 9-Steamer Pemare. 480
To Antwerp-Aug. 16-8teamer Mlddleham Castle. 1,464..
Newport News—To Liverpool— Aug. 14—Steamer Rappahannock, 8
Boston— To Liverpool— Aug. 6-8teamer Lancastrian, 99
Aug. 13-8teamer New England, 43
Baltimore— To Liverpool— Aug. 9-8teamer Vedainore, 50
To Bremen -Aug. 13— Steamer Koln, l.OOti
San Francisco— To Japan— Aug. 10— Str. America Maru, 200.
_
—
876
Floridiau,
765; Tactician, 3,20i
TotaL
5,685
859
50
1,311
5,739
7,7.42
480
1,464
8
142
50
4,00o
200
89,566
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stocks, &o., at that port,
July 26.
•Jales
of the
week
bales.
Of which exporters took...
Of whloh speculators took,
dales American..... ..........
Aotual export
Forwarded
Total stock— Estimated
Of whloh Amerloan— Est'd.
Total import of tbe week.
Of which American.....
Amount afloat
... ..
Of whloh Amerloan
Aug.
2.
Aug.
9.
42,000
6,000
43.000
2,000
39,000
1,000
38,000
6,000
45,000
579,000
461,000
38,000
82,000
52,000
45,000
39,000
4,000
51,000
549,000
427,000
25,000
25,000
49,000
36,000
36,000
7.OO0
44,000
512,000
397,000
15,000
ll.OOO
48,000
38,000
600,
46,000
4.300
1,700
41,000
5,000
49,000
489,000
371,000
31,000
24,000
44,000
34,000
THE CHRONICLE.
351
The tone of the Liverpool market for spots and futures
each day of the week ending Aug. 16 and the daily closing
prloes of spot ootton, have been as follows.
Sat'day.
Spot.
Market,
12 30 p.m.
)
Monday. Tuesday. Wed'day. Thursd'y Friday.
Qnlet
Moderate
demand.
Steady.
413
4 7 jo
4'ie
5,000
7,000
6,000
500
500
500
Bpeo. Aexp.
Futures.
opened.
Market,
4 P. M.
Qnlet.
47 10
41332
8.000
10,000
7,000
500
500
500
$
Mid. Upl'dB.
Market
Harden';.
Easier.
)
)
Dull at
Firm at
2-«4@3-64 164 <» 2-64
advance. advance.
i
steady at
'JbuVA PtB.
\
advance.
436
Dull at
Quiet at
1-H4 decline.
1-64 (A 2-64
Steady at Quiet at
decline.
Qnlet at
pts. iWdHHpts 1H@3 pts.
1®W
decline.
advance. aecllne.
Steady at
Steady
2-64®
at
8-64
partially
1-64 adv.
advance.
Steady
Steady at
at
2W@3^pts 1@2K
advance.
<
pts.
advance.
Theprioesof futures at Liverpool for each day are given
below, Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
I^T The prices are given in pence and 642 A*.
3 63-64d.. and 4 01 means 4 l-64d.
Thus: 3 63 means
Mon. Tnet. Wed. Thurw. Frl.
Sat.
Aug. 10 Aug. 12. Aug. 13. Aug. 14. Aug. 15. Aug. 16.
LXXI1L
[VOL.
NEW YORK.
DAILY CLOSING PRICKS OF MO. 2 MIXED 0ORH II
Wed.
Tues.
Mon.
Bat.
Cash corn f. o. b
63%
63
62%
01k
63 k
Hept. delivery in elev.... 61%
63%
63%
Deo. delivery In olov
65 k
64%
6:i%
65%
66
May delivery in elev
66%
67%
65%
DAILY CLOSING PRIOBS OP NO. 2 MIXBO CORN IN
Wed.
Tues.
Sat.
Mon.
59*
59
Sept. delivery in elev.... 5Rk
60
Thurs.
Fri.
61%
61%
63 «4
63k
62%
61%
64k
66
OH If: A GO.
Thurs.
57 k
Fri.
59
01%
59%
62k
61k
62
63%
63%
64%
Oats for future delivery at the Western market have received a moderate amount of attention, During the first
half of the week prices advanced, the rise being most pronounced on Monday, following the Bureau report issued
Deo. dellverv In elev
May delivery In <:lev
62%
64%
58%
60%
Saturday afternoon indication a crop of 763,425,000 bushels.
Subsequently, however, under realizing sales, the advance
was lost. To day the market for futures was
and higher. The spot market was steady.
fairly active
NEW YORK.
DAILY C LOSING PRIOBS OF OATS IN
Mon. Tues.
Sat.
40
No. 2 mixed in elev
40
39%
Ho. 2 white in elev
43
44%
43k
DAILY CLOSING PRICES OF NO. 2 MIXED OATS
Tues.
Sat.
Mon.
Sept. delivery In elev....
Dec. delivery In elev
May delivery in elev
The market
37
86%
37%
38%
40
35%
36%
37%
40%
for rye has been neglected,
Wed.
Thurs.
40
44k
IN
Fri.
40
40
43%
43k
CHICAGO.
Wed.
Thurs.
Fri.
36k
37%
35%
36%
36%
37%
40
40
39
Barley has been
dull.
1 12k 4 12is 4 12 k 4 12^ 4 12k 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
12k
d.
Aug.-Bept...
8ept.,L.M.C.
Oot„ G. O. C.
Oot.-Nov....
Nov.-Deo...
Deo. -Jan
Jan. -Feb
Feb.-Mch...
Mob. -Apr .
d.
d.
d
d.
d.
d.
d.
d.
d.
d.
4 21 4 20 4 17 4 17 421 4 21 4
4 17 4 17 4 13 4 14 4 17 4 17 4
4 17 4 17 4 13 4 14 4 17 4 17 4
4 06 4 06 4 03 4 04 4 07 4 07 4
4 03 4 03 4 01 4 02 4 05 4 04 4
4 02 4 02 3 63 4 00 4 03 4 03 4
4 02 4 02 3 63 4 00 4 03 4 03 4
4 0i 4 02 3 63 4 00 4 03 4 03 4
4 02 4 03 4 05 4 01 4 03 4 03 4 00 4 01 4 04 4 03 4
4 03 4 04 4 06 4 05 4 03 4 03 4 00 4 01 4 04 4 04 4
18 4 19 4 22 4 24
16 4 17 4 20 4 21
16 4 17 4 20 4 21
05 4 06 4 08 4 OS
03 4 04 4 06 4 05
02 4 03 4 04 4 04
1 02 4 03 4 04 4 04
4 02 4 03 4 04 4 04
4
4
4
4
4
4
22
18
18
08
05
03
03
d.
4 23
4 20
4 20
4 08
4 05
4 04
4 04
03 4 04
4
04 04
04 4 05
BREADSTUFFS.
Following are the closing quotations:
FLOUR.
Fine
Superfine
Extra, No. 2
Extra, No. 1
Clears
Btralghts
Patent, spring
$2 25
2 45
2 50
2 70
2 90
3 40
3 90
02 35
®2 50
02 65
02 85
03 25
03 70
04 65
Patent, winter.... 93 65
City mills, patent. 4 05
Rye flour, superfine 2 65
Buckwheat flour..
Corn meal-
.
04 00
©4 65
03 50
....
Western, eto
etc
3 20 03 25
Brandywlne
3 30
(Wheat floor In saoks sells at prices below those for barrels.)
grain
Corn, per bush.—
Wheat, per bosh.—
o.
e.
o.
Hard Duluth, No.l Nominal
Western mixed.
61k063k
N'thern DnL, No.l 79 ©80%
No. 2 mixed
61%063k
Bed winter, No. 2 77 ©78%
Western yellow
64k»66
Hard N. Y. No. 2. 78 079%
Western white
65%067%
Oate— Mix'd, p. bash. 89 042
Bye, per bush—
White
42 045
western
57%O60k
No. 2 mixed
55 059k
40 041
State and Jersey
No. 2 white
43 044%
Barley—Western
60 065
Feeding
52 ©57
Government Weekly Grain Report.— Mr. James Berry,
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 12 as follows:
Weather.— The week ending August 12 has been one of very favor
able temperature conditions in the districts east of the Rooky Moun
Friday, Aug. 16, 1901.
Early in the week business in the market for wheat flour
was quiet. Prices were advanced following the rise in the
cost of the grain. Buyers of flour, however, were decidedly
reluctant to pay higher prices, and when forced to make purchases operated strictly on a hand-to mouth basis. At the
close there was improvement in business, but it was at prices
favoring buyers. Rye flour has been in moderate demand tains, with beneficial rains over a large part of the drought area
and has sold at steady values. Corn meal has been dull but Drought, however, continues in the Ohio Valley and in portions of
steady.
Speculation in wheat for future delivery has been fairly
active. During the week there has been two distinct movements of prices. On Monday there was a buoyant market,
values showing a net gain for the day of 2J/£@2%c. The
monthly Bureau report, issued after the close of business on
Saturday, was the principal bull point. This report indicated
a smaller yield from the spring wheat crop than many had
expected, and brought in considerable speculative buying for
investment account. European markets were higher, influenced by the Government report. Another factor that had
considerable influence was the unprecedented heavy export
movement of wheat and the fact that shippers continued
free buyers for export. The market then held steady until
Thursday, when prices declined 1%@1M°« The Cincinnati
"Price Current" was out with an estimate that this country
would have a surplus for export of 300,000,000 bushels. The
crop movement in the Northwest was fairly full, and there
was free selling by recent buyers to realize profits. Business
in the spot market has been fairly active, as exporters have
continued buyers. To-day there was a stronger market, the
free export movement of wheat bringing shorts in to the
market as buyers. The spot market was less active. The
sales for export here and at outports were 248,000 bushels.
DAILY CLOSING PKICK8 OF NO. 2 BED WINTER IN
YORK.
Sat.
Mon. Tuts.
Wed. Thurs.
Fri.
78<>8
80%
80%
Cash wheat 1. o. b
79%
78%
78k
79
79
78%
Sept. delivery In elev.... 76%
76%
77%
81»«
80"*
79
Deo. delivery In elev
81k
78%
79%
84%
84%
83%
82
May delivery in elev
82k
82%
DAILY CLOSING PRICKS OF NO. 2 SPRING IN CHICAGO.
Sat.
Mon.
Tues.
Wed. Thurs.
Fri,
73
71*4
71 k
73%
73%
8ept delivery in elev
71%
NEW
Deo. delivery In elev
May delivery In
elev
73%
77k
76%
79%
75%
79%
75k
78%
73*3
77%
74%
77%
Indian corn futures have been moderately active. Early in
the week there was a strong market. Tho Bureau report
issued on Saturday afternoon indicated,it was figured, a crop
of only 1,393,000,000 bushels; this was a poorer report than
had been generally expected, and induced renewed buying,
both to cover short sales and for investment account. During the second half of the week there developed an easier
undertone. Weather conditions were reported more favorable for the crop and on Thursday advices were received from
some authorities increasing their estimates from the recent
low figures. The spot market has been quiet, exclusive of
Wednesday, when a moderate export business was done;
prices have followed futures. To-day there was a stronger
market, largely on buying by shorts to cover their sales. The
spot market was firmer but quiet.
Tennessee and the upper Lake region, while excessive rains have
caused destructive freshets in the Carollnas and proved injurious in
portions of Georgia. Florida and Alabama. Kxtremely hot weather
In the Interior of California caused rapid ripening of fruit and serious
injury to grapes in some places.
Corn. -Late corn has experienced material improvement in the
States of the Mississippi and Missouri valleys and in Kentucky and
Tennessee, and with favorable temperature conditions in September
the yield in the Missouri Valley will be larger tban Indicated by previous reports. In Ohio, Indiana and Central and Southern Illinois,
the condition of the crop has further deteriorated, especially in Southwestern Ohio. In the Atlantic ooast distriots corn has made excellent
progress.
Spring Wheat.— Rains have interrupted spring-wheat harvest,
which, however, is nearly finished over the southern portion of the
spring-wheat region, and caused lodging In portions of North Dakota,
where the grain is reported as shrunken and heads not well filled, as a
result of late excessive heat. Wbeat harvest on the North Paoific
coast Is in active progress, with yields exoeeding expectations.
Agricultural Department's Report of Cereal Crops,
1.
The Agricultural Department issued on the
10th inst. its reports on the cereal crops for the month of
&a, August
—
July as follows:
The August report
of the Statistician of the Department of Agriculture shows the following averages of condition on August 1
83*6
540 Spring rye
Corn
91*1
Spring wheat...
803 Buckwheat
73-0 Potatoes
Oats
623
86*9 Timothy hay
84*1
Barley
The following oondition figures relating to corn and other crops Indicate the damage oaused by the recent extensive and severe drought
in such of the principal producing States named as have been affeoted
thereby.
The average condition of corn deolined 27'3 points during July and
on August 1 it was 335 points lower than at the corresponding date
last year, 35"9 points lower than on Auk. 1. 1899, and 33'6 points below the mean of the August averages for the last ten years. In some
localities the corn crop ha9 been injured beyond reoovery by hot, dry
winds; in others timely rains during the closing days of July have gone
far toward assuring fair yields. The conditions in the prinoipal States
are as follows: Ohio, 73; Indiana, 57; Illinois 51; Iowa, 57; Missouri,
29; Kansas, 19, and Nebraska, 36. During July there was a decline
of 5 points in Oblo, 27 in Indiana, 38 in Illinois, 30 in Iowa, 41 in Missouri, 55 in Kansas and 52 in Nebraska.
The average condition of spring wheat deolined 15 3 points during
July; but on August 1 it was 239 points higher than at the corresponding date last year, and only 3'3 points lower than on Aug. 1, 189d, and
1-2 points below the mean of the August averages for the last ten years.
The conditions in the principal 8t*tes are as follows; Minnesota, 83;
I
|
|
-
North Dakota, 93; South Dakota, 68; Nebraska, 50; Iowa. 35. During
July there was a deoline of 13 points in Minnesota, 7 in North Dakota,
32 in South Dakota, 39 in Nebraska and 7 in Iowa.
The average oondition of oats declined 10 1 points during July and
on Augusr 1 it was 11*4 points lower than at the corresponding date
last year, 17*2 points lower than on Aug. I, 1899, and 102 points below the mean of the August averages for the last ten years. The con-
ditions in the prinoipal States are as follows: New York, 79; Pennsylvania, 69; Ohio, 89; Michigan, 84; Indiana, 78; Illinois, 73; Wisconsin,
79; Minnesota, 89; Iowa, si; Missouri, 30; Kansas, 37, and Nebraska,
44. During July there was a deoline of 13 points in New York, 11 in
Pennsylvania, 4 in Ohio, 6 in Michigan and Missouri, 5 in Indiana and
August
THE CHRONICLE.
it, laoi.]
Illinois, 12 lu Wisconsin,
and 40 in Nebraska.
7 in Minnesota, 11 In Iowa, 10
K.nisas
In
The uroportlou of the oats crop of last yearstill In the liaudN ol
ers is estimated at 5-9 percent, as compared Willi (irt per oentofthe
crop of 1899 in fanners' hands one year a«'> ami 6-9 peroeolOl
crop of 1898 in farmers' hands two years MO.
The average oomlition of barley declined 14 points during Jul
on August 1 It was 153 points higher th;m at ihe oorrespon. Li
one year ago. while It was 6-7 points lower than 00 Aug. I, 8
2-8 points above the mean of tho August averages for the
years. The conditions in the principal States are as follow.-:
fornla, 98; Iowa, 84; Minnesota, 85; Wisconsin, 82; North D*k 1;
South Dakota. 86; Kansas. 44. and New York. 77. During July th
was an improvement of 2 points in California and North Dakota and a
deollne of 9 points in Iowa, 3 in Minnesota, 4 In Wisconsin, 19 in Kani
South Dakota, and 15 in New York.
The average condition of spring rye ileolined 97 points daring alyj
on August 1 it was 7-6 points higher than at the corresponding itato
last year, 54 points lower than on Aug. 1, 1899, and 2-2 poii its below
the mean of the August averages for thu lsst ten years. The conditions
There ha« been no an.vcmti, at any
Drer-n goods continue
re-orders for fall weights are limited and siring busiFor flannels and blanl.
ness has hardly opened up yet.
have sold indifferently.
moment
in overcoatings or cloaking.".
i,
iily
limited orders are received.
Domestic Cotton (itooDs.—The exports of cotton goods
irom this port for the week ending Aug. IS w»-re 1,337
[jnoaages, valued at $75,628, their destination being to the
points specified in the tables below:
1901.
Nbw York
to Acq.
1800.
12.
Week. Since Jan.
sas, 16 in
1
Mieek.
Since Jan.
68
41
1,443
1,232
1,017
1.
,1
in the prinolpal States are as follows: Wisconsin, 81; Iowa. -t; Nebraska, 68; Minnesota, >-8. During July there was a decline of 7
Sointsin Iowa, 9 in Wisconsin and Minnesota and 21 points In
Preliminary returns indloate an increase of about 43.000 acres, or
67 per cent, in the acreage in buckwheat as compared with last year.
There is an increase of about 58.000 aores in New York and Pennsj Ivanla, which together produce about two-thirds of the total buckwheat
orop of the country. The majority of the other buckwheat-producing
States report diminished acreages. The average condition of buok
wheat is 3"2 points higher than at the corresponding date last year,
21 points lower than on Aug. 1, 1899, and '5 points above the mean of
the August averages for the last ten years. The conditions in the
principal States are as follows: New York, 91 Pennsylvania, 95; Wisconsin, 76; Maine, 96; Michigan, 85; West Virginia, 97; Iowa, 57, and
Minnesota, 84.
The condition of corn on July 1 and August 1 in each of the
last five years is shown in the following:
CONDITION OF CORN.
;
1900.
1901.
M
Stales.
M
1899.
M
.
Iowa
Missouri
Kansas...
Indiana
Nebraska.
Ohio
Michigan.
Wisconsin
Minnes'ta
..
.
Texas
Tennessee
Kentucky
Pennsylv.
51
57
89
87
29
19
57
36
73
85
70
78
48
57
53
92
70
74
84
88
78
83
87
89
64
88
88
87
11
<
86
105
99
71
98
85
98
98
98
94
76
79
92
90
92
102
101
93
89
93
90
88
88
80
77
41
88
91
s
3
s
91
86
31
85
72
92
86
69
86
85
89
83
96
102
104
98
97
82
82
S8
106
94
99
90
95
91
98
87
76
73
93
92
90
93
85
89
85
84
84
83
80
85
r-i
s>
a.
Si
3
Illinois
M
ri
>>
1897.
1898.
3
1
83
100
78
83
94
90
90
94
95
95
103
96
95
89
i
93
78
87
82
75
92
70
92
84
85
S5
99
77
83
90
92
82
90
83
82
76
80
80
70
81
90
87
74
3,120
ureat Britain
Other European..
Uhlna
India
Arabia
10
Afrloa
West Indies
65,5«2
2,703
30,39s
6,488
13,669
1,2*3
37,925
5,007
2'.)3
106
139,467
8,782
23,*59
2,773
17,718
2,022
7,870
27,765
5,722
172,162
3,180
238,053
609
59
33
703
23
Mexioo
antral America....
<
i)5!»
South America
other Countries
"1*82
831
34
283
5,<J68
1,337
Total.
375
The value of the New York exports for tne year to date
has been $7,444,427 in 1901, against $10,248,381 in 1900.
The chief feature in brown cottons has been a demand for
light-weight brown sheetings for export to China, some fair
purchases being made of 4-yard goods for that market at full
In heavy-weight sheetings and drills the market has
prices.
continued dull, with a slightly easier tendency in other than
leading brands. The demand for ducks and brown osnaburgs
has been quiet at previous prices. There has been more
business in bleached cottons than of late, but the demand is
still quiet with sellers meeting it at previous prices.
Sales of
denims and ticks are confined to moderate quantities without
change in prices. Other coarse colored cottons are dull but
steady. Wide sheetings and cotton flannels and blankets are
inactive. There has been only a limited business reported in
fancy prints, but a steady demand of fair proportions has
come forward for staple lines with a generally steady tone.
Fine printed and woven patterned goods for next spring have
sold well up to date and are still in steady request. The
market for regular lines of ginghams is quiet. There has
been a slow market in narrow print cloths on the basis of
Wide goods have been quiet but steady.
2 7- 16c. for regulars.
Foreign Dry Goods. The fine grades of foreign dress
goods have been in fair demand at steady prices. Other deBusiness in silks and ribbons has been
scriptions dull.
moderate, but prices are maintained. Linens in better demand at firm prices. Burlaps are dull and easy.
—
Importations and Warehouse Withdrawals of Dry Goods
The importations and warehouse
of dry goods
The condition of the various crops on Aug. 1 is given below. at this port for the week ending withdrawals
Aug. 15, 1901, and since
1901. 1900.
1899.
1898.
1897.
1896. 1895. January
1, 1901, and for the corresponding periods of last
87-5
84'2
96-0 102-5
89-9
87-0
Corn
.. 540
year are as follows:
56-4
96-5
86-7
95-9
83-6
Spring wheat .. 803
789
a
H
£
S
s
£
s
84-0
a
76-0
89'8
88'0
Spring rye
.. 836
890
937
hi
H
O
o
a
to
to
85-0
90-8
77'3
84-5
WillS. ..........
..
736
842
860
9 !-»•- |.H:W cTe&
* C"
86-9
71-6
82-9
87-2
93-6
79-3
Barley
..
875
O i-K
5
Av'ge U.8 84-0
81-3
87-5
895
89-9
86-5
87-0
905
84'2
82-9
,
K-
err
*-*
Potatoes
Cotton
..
..
62-3
77-2
88-2
76'0
87'9
93-0
84-0
93-2
83-9
91-2
87-2
77'9
869
949
94'8
80-1
96-0
Buckwheat
.. 911
For other tables usually given here see page 322.
W
87-7
77-9
852
°:
B
o
i
O
O
a
a
New
Yobk, Friday, P. M.. Aug. 16, 1901.
The market here has undergone very little change during
the week so far as the home trade is concerned. The reports
coming to hand indicate a better distribution on the part of
jobbers, but the latter are still pursuing a conservative policy
in connection with staple and fall lines of cotton goods and
are not anticipating their requirements to any extent. Conditions in Fall River, although exercising little influence over
the general situation, are attracting considerable attention.
The disruption of the print-cloth syndicate has been
followed by a decision on the part of the Manufacturers'
Association to reduce wages about 14 per cent, provided a
sufficient number of mills will sign an agreement to that
effect.
It is not certain that the required adherence will be
secured, nor how the operatives will act if it should be.and the
market meanwhile is more curious than actively interested.
There has been no change of any moment in the general tone,
but the fact that some sellers are disappointed is shown by a
slight easiness in certain quarters.
stronger market for
staple woolens for men's wear is noted, but in other lines
woolen goods are quiet.
A
Woolen Goods.— The
chief feature in the market for
woolen goods has been an advance of 5c. per yard by the
American Woolen Company in most of their staple piece
dyes for spring in both woolen and worsted fabrics. The
demand for these goods has been general and without buyers
making individually large purchases has reached a considerable total.
number of lines handled by the American
A
Woolen Company and other
have been withdrawn
from the market, the season's production having been accounted for. Conditions in the market for fancies are irregular.
Fancy outing flannels are popular and a good business
has been done in fancy cheviots, but hard-finished worsteds
sellers
'
:
£
m
.
•
;
3
:
CO
:
:
.
•
.
at
.
i
•
c
1
I
t
01 to
i
.
.
,
n
•
.
|0i
03<l
Jbtotoibw
M-^l
w^aoaoco
to
HI
©
-•
to
OS
jo
enw
<b
en
aw
toco
too
M«l
OSM
coco
toco
MC»
to to
to to
M
»0 lb COCK -J
WOW©!ibWOSlblb
o» en to 03 M
1
"3
to
M
JOOlOiq
COM
tOfc-OtOlb.
CSib
<1 03 05, CO CO
C0 03 0i©*».
C3
as
C*M
btO
M**JOrf*tO
aa
low
CO OO IO £.
to
toco
©CJ1VIC0 03
MOO
enao
toco
CO no
O
r-i
-JC£>*-UI
boo'coV^i
r-Co^Offl
o*.mcoca
^ WH
•b
LU
n
m
o
a
a
m
accMoto
t-'t^tc i»*4
>
0 03 CK M
CO CO
"0
C0
C*
•J
CO
e»lb
M
ib
MtOCOWCO
s
f-*
CO*.
00 oj
sn© to
IS
coo
ooocotoco
w
lb~J
toco
©CCCXCOC33
coco
to
t5H<|CCO
M
M
03O
osw
CO
^IIO
f — ^JOOCO
MW
c yicooioo
-I
m
m
Jj
<i&
VI
W
4
GO 00
:<
"
M
M
Ol
•z
H
B
w
cOCOOtOCO
O
Pk
to
-J
w
00
O «l»
03
Ol
03
lb tO to CO OS
-0
06I-'
Jtf 10 C* 03 00
o
1
S:
:
:
:
pr
!
:
:
!
'
:
*«
•
H
o
s
m
•
•to
11*11_
>
>
.
.
till!
•
•
.
at
1
Z
on
>
1
•
•
.
.
1
I
I
1
O
to
on
O
OS CO
OS OS
wto
MCO
to
CO
WHOIU
ibCnCT'l-iW
COOOCXCKtO
B
to
bto
03
K
OS lb
too
tow
MOO
>'<-'
tOCSWOi©
WOSWMOO
^o-J.b"M
OS-HOltO
COO-lHOi
b
1^
OS 00
CD
<ito
01
-1
*.
WW
CO
toot
cn
MW MM© ib M
no
00
^1
to OS
to OS
OS li
03
03
tji
a
H
IB
X
d
©oooibco
4
>
WM
to
lb
MMtOibtO
03
too.
00
H
E
lb
to to
MW
OiWMib-J
OW<I_<IW
"to
W<l
Vicootolb
(•»
to to
s>
COcn
00
cnto
o»to
en
~j
ooo
con*
H
renco
^1
no
•
•
I
t
i
c
H
Ol
*-
•
•
I
.....
.
\
E
ji
7*
1
*
r
B
Ol
to
CD
loos^'coen
Ol
l-'h'l-t
C"
-J
O©t0»J]»fl
CO 0103 03 01 3&
® tOp.>- 09
z
X
CO
en
-
1>0
CD CD
©cocooos
Ol
MMen ib to
OSCOi-iibtO
n
WW
OS to
O3O0
-4CO
to
M
COn
tOO^M-0
UCCCC^lO
M © 01 -J Olo
^i o u u;
H
w OKia^om
CT3
OO^^IX^
ooaenoen
CO
co»
is
00 "lb
CO-JJOOMlk
»
£:3
lb©
ex to
«O0
SB
lb VI
00OI
ibW
JOM
MW«-IO<<l
lb CO
* OS o
OS
M«
00
A
I?
J
-c
X
M
2
C
T
H
X
f
fl
.*-
CO
o
M
>
I
^5
<V
••
-"1
R
»
»'
—
—
b^JbOIUtt I
*~.
».
O C: C: «b
•S
J?
en»w-q_as
^3^-XCCOS
>-to»aoc,».
~&
coi..
Z
%4
>
%
r
>
H
H
CC
e»
tOM
Ibbnen-j
OS(»i
*
2
00
J«
^_co*>.»-i00
JO
>._
C^
^S
M*
M
M OKK-IO
— en cn to to©
05.0SCO_.bC©
"tOOtO
asotibato
-J
CO
00
ea
v
Mft. T
cor,-
<S
w—
OS
O3<OC0-J*-i
-j -0^1 as io
^M
H
c
WIS c
a
s
ft
I-.
*-
CO
lO^J
c
\
tOibOOO<l
»o ^1 -1 CO
©
en to to en to
-Jl con
to
as as
to *!
lbMaOCO-4
C
-
MM
lb -5 CO 03 03
5
no to ib
2*
W^ltOibO
CKCDtOWO
HHMHJJ
^j
M
wen ib as to
-JWWOb
HMtJOO
mcb<i^)m
00
|bM
•
*-C0ib<ICO
K
oc CO
«
*s^
M*
C
H
J
5"
OiWOlOCO
be
to*.
r-i
njo
MtOCJllbtO
*fl
WOcoosot is
OSjb~3WCO« £
to
to
M
E
.
•
•
wco
COCCMWOO
CO
it.
M-
to
10
C3
coco
©03MO>tO
©oocc*mi
J
i
•
•
•
CO 03 to
W W
M*.it»~JOS
lb
fft
:r>
M
"m lOnibtO
W CO ib o. w
aoociicntO
lO
N
-
ii.liio
£
y
».!
tn
CO
PS
fX3
CJ»
CO
r
03
MOO00M
lb
OS to
M
I-I
"jj
00WW©
to
to
03
~J
1
<llbCO00M
O3tOO0M<l
OS
CJt"^C0~CO0}
CO GO 03 ^1 ix
03
©*WM
H
K
(
1
i-i
M to to.* to
to
OS
cc
O
M
coViloeso
coib-qcoib
towootoas
m
M
CO*.
C0O3
CKOS
s
©
•
.
•
C3
I-1
JO
O
c
»: S
f
1
1
OS
OSM
.
.
•
OS
-1
Ol
lb J.
OP
l-D-tht
toiyi to 03 CO
OJ
:
i—
ni
K)
Ol
it*
g:
.
•
<
•
H
s
M
,
si
9
:
(JD
o
s»
S
;
5
1
THE DRY GOODS TRADE.
•
B
S:
c»
>
M CiM T
CO
o g
o
THE CHRONICLE.
356
St*T£ and City
Clarksburg, W. V a.— Bond Offering.— Proposals will be received until August 21 by this city for $40,000 4% 5-30-year
(optional) sewerage and paving bonds.
Clearlleld,
Pa.— Bonds Defeated.— This borongh voted
against the issuance of $12,354 improvement bonds at the
election held Aug. 3, 1001.
Columbia, Ohio.— Bond Sales.— The Sinking Fund Trustees
have voted to purchase $1,000 Pearl Street and $3,000 Indianola Avenue improvement bonds of the city of Colnmbus.
Corinth, N. Y.—bond Offering.— Proposals will be received
nntil August 31 by J. S. Alexander, Village Clerk, for $44,000
coupon water bonds. Secniities are dated Sept. 3, 1901, and
carry interest payable semi-annually at the Citizens' NaPrincipal will mature
tional Bank of Saratoga SpriDgs.
$8,000 yearly on September 8 from 1906 to 1927, inclusive.
JJftwajr.
Bond Proposals and Negotiations
this
week have been a8 follows
Albany, Ga — Bond Sale.- On August
:
10 the $25,000 4*
to
a local bank at
awarded
were
bonds
gold
30-year coupon
^Ashland County,
Vf In
-Bond Sale.-Oa August
10 the
awarded to
|25 <0t) 1-20-year (serial) ref ending bonds were
per centsfor
105-08
5
at
Minneapolis,
Co.,
Stoddard, Nye
a basis of about 4 40$. Following are the bids received
&
:
Stoddard. Nye* Co.. Minn...»2M70 CO Commercial Bank'*
26.0G700I luiii
SpltxerA Co.. Toledo
1
Co.,
Du-
[Vol. LXilll.
?*j.m»uu
Coshocton (Ohio) Union School District.— Bond Sale.—
30
Anstin, Pa.— Bonds Voted.— At an election held July
Following
are the bids received August 14 for the $25,000 4%
works
the question of issuing nearly $20,000 bonds for water
bonds
be de- Commercial BankhiK.Co., "I'rovldent Sav. Bank. Clncln.$25,278 90
resulted favorably. Details of these bonds are yet to
:
<
termined upon.
Ore.— Bond Offering.—
Baker City,
on September
...
This city
.„
e
re
|
$25.600 00
Holzman *
Co.. Cln... 25,600
Seasonifooil dfc Mayer, Cm.. .. 25,471
W. H. Todd* Co.. Cincinnati. 26.360
New 1st Nat. Bank.Columbus. 25.310
Feder,
will offer for
Securities are to-
2 $20,000 water bonds.
be sold by popular subscription in sums ranging
sale
nhocton
from $100
I
W.
J.
Haves * Sons. Cleve...
00
50
Lamprecht Bros.
u0
Coshocton Nat. Bank
P. H. Briizcs
St,
Co.. Clncin..
Co.. Cleve.
.
.
.
26,2'JBOJ
S».*07 60
26.202 50
26.1&7 60
60
Mr. William Burns, the District Clerk, writes us that the
upwards.
,„
bonds
will be, no doubt, awarded to the home bank. For
Ballard School District No. 50, King County, Wash
full description of securities see Chronicle August 3, p. 251.
M.,
until
2 p.
—Bond Offering.— Proposals will be received
Crestline, Ohio.— Bond Offering.— Proposals will be refor
Sept. 3, by J. W. McConnaughey, County Treasurer,
ceived
until 12 M. to-day (August 17) for $15,000 4% refunding
of
$500.
$8 000 20-year bonds. Securities are in denomination
bonds.
Securities are in denomination of $1,000, dated Aug.
Interest (rate to be named in bids) will be payable semi-an- 1,1901. Principal will mature $3,000 yearly on August 1
State
the
nually at the office of the County Treasurer or at
A from 1905 to 1909, inclusive. Accrued ^interest is to be paid
fiscal agency in New York City and must not exceed 6$.
by purchaser.
deposit of 1% of the par value of the bonds must accompany
Cuyahoga Falls, Ohio.— Bond Sale.— On August 12 the
Arthur
to
July
15
awarded
bonds
proposals. These are the
$6,500
5% Second Street improvement bonds were awarded to
the
E. Bryan of Seattle. A clerical error, however, made
Denison, Prior & Co., Cleveland, at 104-75. Following are
another
necessitating
void,
election authorizing the bonds
the bids
election, which was held on July 30, 1901.
Denison, Prior & Co.. Cleve... $«.808 ;6 Lamprecht Bros. Co.. Cleve... $6,726 85
4%
the
$19,500
6.709 00
August
12
Beasongood & Mayer. Clnctn. 6.783 4e W. J. Hares & Sons, Cleve
On
Bay City, Mich.— Bond Sale.—
to Feder, Holzman&Co.. Cincln. 6.775 00 First Nat. Bank. Barnesville.. 6.700 00
awarded
were
bonds
-improvement
local
5-year
and
4
3,
W. R. Todd & Co.. Cincinnati. 6,775 00 li. Kleybolte Co., Cmcln.... 6,570 00
New 1st Nat. B'k, Columbus.... 6.728 60
The Lamprecht Bros. Co., Cleveland, at 100-064.
For description of bonds see Chronicle Aug. 10, p. 304.
Beverly, Mass.— Bond Sate.— This city has sold to the
East Carroll Parish (P. O. Lake Providence), L&.—Bond
Sinking Fund Commissioners thirty-nine 4$ sewer bonds
of $1,000 eacb. Securities mature three bonds on July 1, Election.— An election will be held September 10 to vote on
Interest will be pay- the question of issuing $16,500 5$ court-house bonds.
1911, and four bonds yearly thereafter.
East Hartford (Conn.) Fire District.— No Award Made.
able January 1 and July 1. There have been no school bonds
Three bids were received on Augast 12 for the $130,000 4%
sold, as some of the papers have reported.
Bradner, Ohio.— Bonds Voted.— This village on August 3 20-30-year (optional) gold water fund bonds, but the Commissioners adjourned without making any award.
voted to issue $13,500 5% electric-light plant bonds.
East Orange, N. J. Bonds Proposed. An ordinance ha3
Bricelyn, Faribault County, Minn.— Bond Sale.— On July
31 the $1,500 b% 10-year water- works bonds were awarded to been introduced in the City Council providing for the issuthe First National Bank, Barnesville, at 102-066. For de- ance of $40,C00 4% 30-year school bonds.
Edwards County, Texas. Bond Sale.— The State Board
scription of bonds see Chronicle July 13, p. 95.
Buckhannon, W. Va.—Bids Rejected— Bond Offering.— All of Education has purchased an issue of $13,000 refunding
bids received August 10 for the $19,000 4% 5-20-year (op- court-house bonds.
Elmira, N. Y.— Bond Offering.— Proposals will be received
tional) refunding bonds were rejected. Proposals are again
asked for, this time until Oct. 4. 1901. For description of until 8 p. m., August 19, by C. F. Walker, Secretary of the
Board of Education, for $25,000 3%% registered schoolbonds see Chronicle June 22, p. 1248.
Caldwell, Idaho.— Bond Election.— An election has been building bonds. Securities are in denomination of $1,000,
called for August 21 to vote on the question of issuing $20,- dated Sept. 1, 1901. Interest will be payable semi-annually
000 5% 10-20-year (optional) gold water-works bonds. Securi- at the office of the City ChamberlaiD. Principal will mature
Sept. 1, 1926. Bonds were authorized by the City Council
ties, if authorized, will be issued in denomination of $1,000.
Interest will be payable January 1 and July 1 at the office of on July 5, 1901.
Escanaba (Mich.) School District.— Bond Sale.— This disthe City Treasurer or at the Chase National Bank, New York
trict has sold an issue of $25,000 4% bonds, which were voted
City.
Calhoun County, Texas.— Bond* Registered.— The State at a recent election, to the First National bank of Escanaba
Comptroller has registered an issue of $15,000 bonds of this at par and blank bonds free of charge.
.
—
f
,
.
<fc
—
—
—
Fort Worth, Texas.— Bonds Approved and Issued. The
Attorney -General has approved an issue of $1,893,000 refundauthorized the issuance of $50,000 5% sewer certificates.
ing bonds of this city. It is stated that about $127,000 of the
Canaan Free Turnpike. Pleasant and Richland Town- new bonds have already been issued.
Gallon, Ohio.— Bond Offering.—In addition to the offerships, Marion County, Ohio.— Bond Sale.— On August 7 the
will be received un$22,400 5% bonds were awarded to H. B. Hane of Marion at ing published last week proposals
par and accrued interest. For full description of bonds see til 12 m., August 81, by J. O. Ross, City Clerk, for $4,800
Chronicle July 27, p. 200.
4%% street-assessment bonds. Securities are issued under
Chelsea, Mass.— Loan Negotiated.— The City Treasurer has authority of Section 2705, Revised Statutes of Ohio. They
negotiated a loan of $40,000 for three months at 3-8%.
are in denomination of $500, except one bond, which is for
Chenoa, 111. Bonds Authorized.— The City Council has $300. Interest will be payable March 1 and September 1 at
authorized the issuance of $7,000 4% refunding bonds.
the office of the City Treasurer. Principal will mature $500
Chester, 111.—Bonds Authorized.— Tae City Council has yearly on September 1 from 1902 to 1910, inclusive, and $300
decided to issue $2O,C00 4% refunding bonds.
on Sept. 1, 1911. All bids must be unconditional and must be
Chester Township (P. O. Moorestown), Burlington Co., accompanied by a certified check for $500 on some bank in
N. J. Bond Offering.— Proposals will be received until 8 P. M., Gralion. Accrued interest is to be paid by purchaser.
August 27, by Arthur J. Collins, Chairman of the Township
Gallatin County (P. O. Bozeman), Mont.—Bond Offering.
Committee, for $45,000 4% registered sewer bonds. Securities —Proposals will be received until 10 a. m., September 16, by
are in denomination of $500, dated Sept. 5, 1901. Interest E. B. Blankenship, County Clerk, for $30,000 4% refunding
will be payable semi-annually. Principal will mature Sept. bonds. Securities are in denomination of $1,000, dated Oct.
A certified check 1, 1901. Interest will be payable January 1 and July 1 at
5, 1931, subject to call after Sept. 5, 1906.
or a draft on a national barjk for 5% of the amount of the the office of the County Treasurer or in New York City.
bid, payable to the Township Treasurer, must accompany Principal will mature Oct. 1, 1921. subject to call after Oct.
proposals.
1,1911. A certified check for $l,00J or a certificate of deChicopee, Mass.— Bond Sale.—-This city has sold to a local posit of that amount must accompany proposals.
savings bank an issue of $18,000 3)4% water-supply bonds.
Gardena School District-, Los Angeles County, Cal.—
Cincinnati, Ohio. Bond Offering.— Proposals will be re- Bond Sale.—-This district has sold an issue of $1,000 6% 1-5-year
ceived until 12 m., Sept. 10, by Geo. F. Holmes, Clerk Board of (serial) bonds to the Oakland Bank of Savings at 102'80. SePublic Service, for $250,000 V~/2 i viaduct bonds. Securities are curities are in denomination of $200, dated Aug. 1, 1901.
in denomination of $500, dated Aug. 1, 1901. Interest will be Interest will be payable annually at the office of the County
payable semi-annually at the American Exchange National Treasurer.
Bank, New York City. Principal will mature Aug. 1, 1931.
Gettysburg Township, Potter County, S. Dak.—Bond
A certified check for 5<2 of the par value of the bonds bid for, Offering.—Proposals will be received until 2 p. m., August
payable to the Board of Public Service, must accompany bids. 20, by F. E. Riley, Township Clerk, for $6,000 5-10 year (opBidders must use the printed forms of proposals furnished tional) bonds. Securities are in denomination of $300.
by the Clerk, and the purchaser will also be required to pay
Glenwood, Pope County, Minn.— Bond Offering.—Propoaccrued interest.
sals will be received until 10 a. m., Aug. 31, by Geo. S. Blood,
county.
Camden, N. J.— Loan Authorized.—The City Council has
August
THE CHKONK'LK.
1901.]
17,
Village Recorder, for $15,000 4%% 20-year village-lockup and
Securities are in denomination of
water-works bonds.
Interest will be payable semi1901.
Sept.
1,
dated
$1,000,
annually at the Merchants' National Bank, St. Paul. The
successful bidder will be required to furnish blank bonds.
All bidders are required to satisfy themselves as to the
legality of the bonds before bidding. A certified check for
$500, payable to the Village Treasurer, must accompany
proposals. See Chronicle Aug. 10, p. 304.
Urand Rapid?, Mich.— Bond Sale. -On August 12 the $50,000 4% coupon street improvement bonds were awarded to
the People's Savings Bank of Grand Rapids at 101 -SSI— an
Following are the bids
interest basis of about 3*40£.
:
People's Saw B'k.ti. Kaplds. $50, 775 71
Fourth Nat. ll'k, (;. Kaplds.. :>0,770 00
Parkinson Jt liurr. Boston.... 60,785 CO
50,050 00
AdaoiB & Co.. Boston
Lampreolit Bros. Co., Clovo. .$
Deutson. Prior A CO.. Cl«ve.. 60,360 00
Kent Co. Saw Bank, Urand
60,K45 00
Kaplds
For description of bonds see Chronicle Aug. 10, p. 304.
Grunt County (P. 0. Marion), Ind.— Bonds Proposed.—
The issuance of $75,000 bonds for a new county jail is being
considered.
fclreeuwood, Ind.— Bond Sale.— On July 29 an issue of
Co.,
$10,000 6* school bonds was awarded to J. F. Wild
Indianapolis, at 114-:J I— an interest basis of about 4*577<J.
Interest will be
Securities are in denomination of $500.
payable semi-annually at the Fletcher National Bank, InPrincipal will mature $1,000 yearly on July 20
dianapolis.
from 1910 to 1919, inclusive.
Hall County, Neb.— Bonds Voted.—The election held Aug.
8 to vote on the issuance of $100,000 810, court-house and
The bonds are to
jail bonds resulted in favor of the bonds.
be dated Sept. 1, 1901, and will mature Jan. 1, 1917, subject
These bonds, we are advised, will
to call after Jan. 1, 1904.
probablv be sold at private sale, and that the sale has been
partially arranged for.
&
Havre, Choteau County, Mont.— Bond Offering.— Proposals will be received until September 3, by L. Newman,
Town Clerk, for $15,000 water- works and electric-light
bonds. Securities are in denomination of $1,000, dated July
Interest, at a rate not exceeding 6%, will be pay1, 1901.
able semi-annually in either Havre or in New York City.
Principal will mature in 20 years, subject to call after 10
years.
certified check for $500, payable to L. Newman,
Town Clerk, must accompany proposals. These bonds were
offered for sale on July 1, but no satisfactory bid was received at that time.
Hillsboro, N. Dak.— Bond Offering.— Proposals will be received until 8 P. M., August 26, by J. R. Carley, City Auditor, for $5,500 5% orders drawn on the "Sewer District No. 1"
fund. Securities are in denomination of $500, dated Aug. 1,
Interest will be payable annually.
1901.
Principal will
mature $2,000 Aug. 1, 1911, and $3,500 Aug. 1, 1921.
Hopkins, Minn. Bond Offering. Proposals will be received until September 8 for $15,000 5% gold water-works
bonds. Securities were authorized at the election held Aug.
Interest will be payable at the First National Bank
6, 1901.
of Minneapolis. Principal will mature $1,000 yearly on Oct.
1 from 1903 to 1917, inclusive.
Hopkinton, Mass.— Bonds Voted,— At a recent meeting
the issuance of $20,000 4% town- hall bonds was authorized.
Hornellsville, N. Y.— Bond Offering.— Proposals will be
received until 4 p. m., August 24, by M. B. Smith, City
Clerk, for $125,000 8%% coupon bonds. Securities are in
denomination of $500, dated Aug. 1, 1901. Principal will
mature Aug. 1, 1921.
certified check for $2,000 will be
required with bids.
Huron, Ohio.— Bond Sale.— On August 12 the $5,000 4%
13-17-year (serial) refunding and the $3,000 4% 10-12-year
(serial) additional electric- light- plant bonds were awarded
to Seasongood
Mayer, Cincinnati, at 102-188. Following
are the bids
A
—
A
&
Season<food & Mayer, Cincln.. $8,176 04
R. Todd & Co. Cincinnati. 8,175 00
Feder, Holzman & Co., Cincin. 8,060 00
W
New
1st Nat. B'k, Columbus.... $8. 047 10
Denlson, Prior & Co., Cleve... 8,025 00
Lamprecht Bros. Co., Cleve. . 8,010 00
,
Interest will be payable semi-annually at the office
1, 1901.
of the City Treasurer, clear of State tax. Principal will
mature in 30 years, subject to call after 20 years. Accrued
interest is to be paid by purchaser.
Kenton, Ohio.— Bond Offering.— Proposals will be received
until 12 m., September 2, by John B. Fletcher, Mayor, for
the following bODds
$13,000 i% Main Street improvement bonds, in denomination of $650. Interest
will be payable March
and Sept. 1, and the principal will mature one
bond each six months from March 1, 1902, to Sept. l, 1911, Inclusive/.
:
1
check for$2<K) required with bids.
1,600 4% Main Sewer No. 8 bonds, in denomination of ,$150, Interest will be
payable April 1 and Oct. 1, and prin> ipal will mature one bond each
six months from April 1, 1002, to Oct. 1. 1000, Inclusive. A certlUcd
check for $100 required.
1.060 4% Smith Avenue improvement bonds, four in denomination of $200 and
one for $250. Interest will be payable April 1 and Oct. 1, and the principal will mature $2io on April 1, 1H02, and $200 on April 1 of the years
certified
l«a>, i«o-l, 1905 and 1900.
Securities are all dated Sept. 1, 1901, and the interest will
be payable at the office of the City Treasurer.
Kirk School District, Fresno County, Cal.— Bond Election.— An election will be held to-day (August 17) to vote
on the question of issuing $800 6% two and four- year gold
bonds.
Laurel,
Neb.— Bonds Voted.—This
voted to issue $6,400 5% 5-20-year
i
The date
for the Bale of these bonds has not yet
t
mined.
Leonard Independent School District, Fannin Count*.
are advisbd that tb»Texas. Description of Bunds
$6,000 school bonds mentioned in the Chronicle July 13 are
Interest, at the
iu denomination of $500, dated May 1, 1901.
Principal will mature
rate of 4%, will be payable annually.
These bonds have
in 20 years, subject to call after 5 years.
not yet been sold.
Lewis and Clarke County (Mont.) School District No. 1.
—Bonds Not Sold.— The $250,000 4% gold refunding bonds
advertised to be sold on August 5 were not disposed of.
Logan County, Ohio.- Bond i-ale.— Oa August 12 the People's National Bank of I'ellefontaine was awarded the *
000 5* road bonds at 105235 and the $12,500 4% bridge boi
Nine bids in all were received for the bonds. For
at 104*148.
full description of securities see Chronicle Aug. 3, p. 252.
Lowell, Mass.— Loan Authorized.—-The City Council has
authorized a loan of $14,000 to macadamize one of the streets
of the city.
Mnntna, Ohio.— Bonds to be Issued. This place proposes
to issue $16,000 water-works bonds.
Marquette, Mich.—Bond Sale.— On August 5 an issue of
$30,000 8*4% municipal improvement bonds was awarded to
Co., Cleveland, at par.
Denison, Prior
Maryville, Mo.— Bond Offering.— Proposals will be received until 1 P. M. to-day (August 17) by J. C, Donnell,
Mayor, for $15,000 4% street- improvement bonds. Securities
are in denomination of $500, dated July 19, 1901. Interest
will be payable semi annually at the office of the City Treasurer. Principal will mature July 19, 1921, subject to call
after July 19, 1906. Bonds are part of an issue of $30,000
voted at the election held July 9, 1901, They will represent
the total debt of the city, with the exception of $3,500 of
certifloating debt. The assessed valuation is $1,336,898.
fied check for 5% of the amount of the bonds bid for, payable
to the Mayor, must accompany proposals.
Mercer County (P. O. Celina), Ohio.— Bond Sale.—On
August 10 the $23,000 4% road-improvement bonds were
Sons, Cleveland, at 102-265 and
awarded to W. J. Hayes
accrued interest. Following are the bids
— We
—
&
A
&
:
W. J. Hayes &
Sons. Cleve.. $23,621
23,465
First Nat. Bank, Celina
P. 8. BriKgs&Co..Cincin.„... 23,460
DenUon. Prior & Co.. Cleve.. 23,426
CO
00
00
00
Holzman*
Co., Cln... $23,346 00
23.340 40
I
Feder,
I
Lamprecht Bros. Co.. Cleve..
1
New
1st Nat. B'k, Columbus.. 23.057 CO
I
For description of bonds see Chronicle July 27, p. 201.
Merrillan, Wis.— Bonds Voted.— By a vote of 108 to 35
this village on August 6 authorized the issuance of $10,000
water- works and electric-light-plant bonds.
Milwaukee County, Wis.— Bond Offering.—As stated last
week, proposals will be received until 10 a. m., August 23,
by H. F. Schultz, County Treasurer, for $75,000 8%% hospital bonds.
These securities are issued under the authority
They
of sections 658 and 659 of Chapter 35, Laws of 1898.
are in denomination of $500, dated Aug. 1, 1901. Interest
will be payable semi-annually at the office of the County
Treasurer. Principal will mature $25,000 Aug. 1, 1906, $25,000 Aug. 1, 1911, and $25,000 Aug. 1, 1916.
Montpelier, Ohio.— Bond Offering. Proposals will be received until 1 p. M., August 29, by J. A. Weaver, Village
Clerk, for $6,000 §% water-works and electric-light- plant
bonds. Ten bonds are in denomination of $500 and one bond
of $1,000, all dated Aug. 31, 1901. Interest will be payable
January 1 and July 1 at the Chase National Bank, New York
City. Principal will mature $500 yearly on January 1 from
1906 to 1915, inclusive, and $1,000 on July 1, 1915. In sections 2835 and 2837, Revised Statutes of Ohio, will be found
—
the authority for the issuance of these bonds.
Mountain View School District, Los Angeles County,
Cal.— Bond Sale.— An issue of $1,500 Q% 1-5-year (serial) bonds
has been awarded to the Oakland Bank of Savings at 102-80.
Securities are in denomination of $300, dated Aug. 1, 1901.
Interest will be payable annually at the office of the County
.
For description of bonds see Chronicle July 27, p. 201.
Johnstown, Pa.—Bond Offering.— Proposals will be received until 12 M
August 20, by Chas. H. Wehn, City
Treasurer, for $100,000 8%f> refunding bridge and highway
bonds. Securities are in denomination of $1,000, dated June
A
bonds.
357
village
(optional)
on August 6
water-works
Treasurer.
Murdock, Minn.— Bond Offering.— Proposals will be received until 7:30 p. m,, August 19, by the Village Council,
for $1,500 Q% 15-year water bonds. Securities are in denomination of $5C0, dated August 20, 1901. Interest will be payable semi-annually at the National Bank of Commerce, Minneapolis.
Nashville, Tenn.— Subscription Voted.— At the election
held August 8 this city voted in favor of subscribing to
$1,000,000 stock of the Nashville & Clarksville Railroad. The
vote was 5,722 to 1.892.
Nephi City, Utah.— Bond OSering.— Proposals will be received until 12 M., August 30, by Kate L. Paxman, City Recorder, for $8,000 5% 10-20-vear (optional) bonds. Securities
are in denomination of $1^000, dated Oct. 1,1901. Interest
will be payable semi-annually. A check for 5£ of the amount
bid, certified to by some Salt Lake City bank on the First
National Bank of Nephi, must accompany proposals.
New Castle, Pa.— No Bids Received.—No bids were received on August 12 for the $30,000 4% sewer bonds offered
for sale on that day.
New Hartford (N. Y.) Union Free School District.— Bond
Offering.—The Board of Education will sell at public auction
at the Butler Memorial Hall in the village of New Hartford,
at 2 P. m., August 22, $22,0(
8}it 10-20 year (serial) bonds.
Secnrities are in denomination of $1.'00. Interest will be
Deposit Co.,
payable semi-annually at the Utica Trust
Utica.
Sealed proposals, addressed to Frank C. Ogden,
Treasurer of the district, at Utica, will be received prior to
&
THE CHRONICLE.
358
sale
and accepted in
trict,
town or
Neither the disany indebtedThe assessed valuation is about
lien of perflonal bids.
village of
ness other than above.
New
Hartford
lias
Norrtstown, Pa.— Bonds Proposed.—The Town Council is
considering the question of issuing $150,000 street- paving and
sewer bonds.
Oconee County (P. O. Watkinsvllle), tta.— Bond Offering.
Proposals will be received until September 2, Uy Jno. 0.
Johnson, Ordinary, for $8,500 4%% jail bonds. Securities
were autborized at the election held Aug. 7, 1901. They are
in denomination of $500.
Interest will be payable semi-annually, and the principal will mature $4,000 Jan. 1, 1912,
and $4,500 Jan. 1, 1922. A certified check for $500 will be
required with bids.
Outremont, (Jne.— Debenture Offering.— We are advised
by J. Kruce, Town Secretary, that proposals will he received
at any time for $15,000 debentures. Securities are part of
an issue of $50,000 4% 42 year debentures authorized for local
improvements. Interest will be payable semi-annually at
Molson's Bank in Montreal. They are in denomination of
—
$1,000.
Pittsfleld,
Mass.— Temporary Loans.—The City Treasurer
has borrowed $10,000 for 12 months from the Lenox Savings
Bank and a like amount for the same period from the Lee
Savings Bank, both loans being for water purposes. A sewer
note for $20,000 will also be placed with the Springfield Institution for Savings, the same to mature Aug. 1, 1902.
Pleasant Hill, Ohio.—No Bids.— Ho bids were received
on August 12 for the $800 5% funding bonds offered for sale
on that day.
Ridgefleld Park, N. 3.— Bond Offering.—Proposals will
be received until 8 p. m., August 19, by George J. Smith, Village Clerk, for $45,000 5% sewer improvement bonds. Securities are in denomination of $1,000.
Interest will be payable semi-annually at the Hackensack Trust Co., Hackensack. Principal will mature in from one to twenty years.
All bids must be made on forms furnished by the Village
Clerk, and must be accompanied by a certified check on a
national bank for $1,000, payable to the Village Treasurer.
Saranac Lake, N. Y.— Bond Sale.— On August 15 the $50,000 Z%% water and the $12,500 %%% sidewalk bonds were
NEW
LOANS.
WATER BONDS.
Sealed proposals to be addressed and marked as
follows, to wit:— "Chairman of Finance Committee,
Orange Common Council. Proposal for JH0.000
water bonds." will be received by the Orange Com
roon Council up to 8 o'clock on Monday, August
19th, 1901. at the Common Council Chambers, CanHeld Street Engine House, Orange. New Jersey;
each proposal to be aceompanied by a certified
check to the order of the City of Orange for the
sum of $6,000, and to state the amount of the bonds
bid upon, whether the whole issue or a portion, and
If a portion, the dates of payment. The whole issue
will be for J80.000 coupon bonds for the purpose of
defraying the cost and expense for the construction
of buildings, machinery,.reservoir, dam and appurtenances at Campbell's Pond, Milburn, New Jersey,
In connection with the water works of said city, 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 wholesome
water," approved April 21st. 1876, and the supplements thereto. The said bonds to be called "Water
Loan Bonds" to be $l,00o each, dated August 1st,
1901, with interest at 4 per cent per annum, payable
semi-annually; the principal of said bonds to be
paid in Instalments of $16,000 annually, on August 1
in the years 1924 to 1929, both Inclusive.
The Common Council reserves the right to reject
all bids.
HENRY
A. H.
STETSON. Mayor.
VANDERPOEL.
Chairman Finance Committee.
R.
I.
WILLIAMS, Collector of Taxes.
SEND FOR LIST
1
Ste. Marie,
1
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
FARSON, LEACH &
about 3*95}££. Bonds mature July 1, 1921.
For description of bonds see Chronicle Aug. 3, p. 254.
Schenectady, N. Y.—Bond Sale.— On August 7 an issue of
$11,904 04 4% 2%-year (average) promissory notes were
awarded to the Schenectady Savings Bank at 100*84.
Sionx Fails (S. Dak.) School District.— Bonds Voted
interest basis of
—
At the
election held July 30 the proposition to issue $50,000
4% 20-year funding bonds carried by a large majority.
Stratford, Ont.— Debenture Election.— The City Council
has decided to submit to a vote of the people the question of
issuing $14,000 funding and $6,000 sewerage debentures.
Sum mil Hill, Carbon County, Pa. Bonds Authorized.
The Town Council has authorized the issuance of $5,000
sewer bonds.
Swissvale (Pa.) School District.— Bond Offering.— Proposals will be received until August 20 by A. C. Coulter, Secretary, No. 430 Fourth Avenue, Pittsburg, for $56,000 4% coupon school bonds. Securities are dated August 1, 1901, and
—
will mature as follows : $1,000 in 1904, $2,000 in 1905, $1,500
in 1906, $2,000 in 1907 and also in 1908, $2,500 in 1909, $2,000
in 1910, $2,500 in 1911, $2,000 in 1912, $2,500 in 1918 and likewise in 1914, $3,000 in 1915, $2,500 in 1916, $3,000 in 1917 and
also in 1918 and 1919, $3,500 in 1920, $3,000 in 1921, $3,500 in
The
1922, $4,000 in 1923, $3,500 in 1924 and $1,500 in 1925.
present indebtedness of the district is $1,258 89 and the assessed valuation $2,881,451.
Syracuse, N. Y.—Bond Sale.— On Aug. 12 the $25,000 V-/A
1-20 year (serial) park bonds were awdried to W. J. Hayes
Sons, Cleveland, at lOl^O— an interest basis of about 3'3d%.
&
Following are the bids
101*49
W. J. Hayes & Sons, Cleve
Blodsret. Men-ltt A Co., Boston.. 101-03
101-26
M. A. Stein, New York
10010
S. A. Kean, Chicago
W. R. Todd & Co., New York. .101*11
For description of bonds see Chronicle Aug. 3, p. 255.
Troy, N. Y.—Bond Sale—On August 15 the $135,000 3^*
water bonds were awarded to the Troy Savings Bank on a
basis of about 3 20%. Following is a full list of the bids
:
.
:
COUNTY OF OURAY, COL- N.
ORADO H FUNDING BONDS.
Principal Payable May 1st, 1920.
Interest Payable Semi-Annually on May 1
& Nov. 1.
Redeemable, attheoption of theCounty, May 1, 1911.
Interest Payable at Chemical Nat.Bk.,N. Y.
Coupon Bonds, Denomination, $1,000
4% bonds outstanding
1% bonds outstanding
$328,000
72,000
Total outstanding
Less cash in Treasury.
$400,000
50,0o0
INVESTMENTS.
W. HARRIS & CO.,
BANKERS,
NEW YORK.
31 NASSAU ST.,
CHICAGO.
Deal exclusively
BOSTON.
In municipal,
Railroad and other bonds adapted
for trust funds and savings.
ISSUE TRAVELERS' LETTERS OF CREDIT
AVAILABLE IN ALL PARTS OF THE WORLD.
Bonded Debt of County
$360,000
Quotations furnished forpurchase, sale or exchange.
For the redemption of these bonds an annual tax
must be levied after the ninth year that will produce yearly lujS of the whole amount of bonds relunded, 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
AUGUST INVESTMENTS.
Net Debt
No
\
Floating Debt.
Annual Interest Charge. $18,160
Asses'd valuat'n for taxation. $1,296,000
Butler County, Onto,
Columbus, Ohio,
Cleveland, Ohio, 4^s,
Gallia County, Ohio, 5s,
Ouray County's main source of wealth is its gold Indianapolis, Ind., 3^s,
mines, valued at over $10,000,000. The Revenue and
Camp Bird Mines, which have been In operation a Naugatuck, Conn., 4s,
number of years, are in the county, and it is esti- New Britain, Conn., 3*28,
mated that these two mines alone ship out of the
State of Mont,, (Normal School) 5s.
County in gold bullion over $5,000 daily.
be about
$1,600,000.
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.
The u tuler. tgned otter ihe above bonds at
87*45 p. c. and accrued interest, yielding
on the investment 5 p. c. The bonds are offered
subject to sale aad change In price. Delivery free
at any bank. Orders may be wired at our expense.
SHEPARD &
31 Nassau
St.,
New
Rudolph Kleybolte
1
&
AND
Service
Public
Co.,
Congress Street, Boston.
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^s.
Price upon application.
Trowbridge
&
CorDoration
BONDS.
BANKERS,
16
Oo.
MUNICIPAL
Tel. 6738 Cort.
Blodget, Merritt
&
NASSAU ST..NEW YORK CITY.
CO., Bankers,
York.
13 Wall Street,
We Own
4s,
4s,
this law, the increase in the assessed valuation will
CO.,
NEW YORK.
CHICAGO.
4%
$25,000
E. D.
August Investments.
For
Mich.— Bond Sale.— On August 12 the
gold water-works-improvement bonds were
awarded to Denison, Prior & Co., Cleveland, at 100'625-an
San
INVESTMENTS.
$90,000
ORANGE, NEW JERSEY,
any and
to Isaac W. Sherrill, Poughkeepsie, at par.
description of bonds see Chronicle Aug. 3, p. 254.
awarded
$120,000
$1,000,000.
[Vol. LXXI1I.
Niver
CHICAGO,
1st National Bank B'ld'ar.
BONDS
Netting from 3>£ to G% always on hand.
DUKE M. FARSON &CO.
Co.,
115 Dearborn
St.,
CHICAGO.
Send for our Investment Circulars.
Investment Securities
FOR
SAVINGS BANKS and TRUST FUNDS
BONDS A SPECIALTY.
EDW. C. JONES A CO.,
5*
NEW YORK,
PHILA.,
-
.
NASSAU STREET.
FOURTH ST.
-
1
-
118 SO.
August
THE CHRONICLE.
IT, 1901.]
.102-97
J no. U.
Troy Savings Bank j* loio00.'!!.103»5
Vf. J. Haves & Sons. Cleveland, loai Ho
Hloduet, Merrltt A Co.. Boston
O'Connor A Kaliler, New York lOa^OiB
N. W. Harris A Do.. New York..UK>'7;)
O. QeerJr. \ Co., Troy..... •••••• }S}jS
1U1 14
Dunscouib A Joiinisou. N. \
U
\\
i
.y
Thim,
K\,
)0l-6d
Ca, Ne*
,v
Cincinnati..
o.,
i
Mien, Band A
i.ih
i
anoe
JI.--L-,
New
Co.,
i>"i
1'arker
\
01
Co.. UukIoii
4% 20
JOTll
For description of bonds see Chronicle Aug. 10, p, 307.
Three Rivers, Mich.— Bonds Voted.— This place has voted
to issue $12,000 school house bonds.
Bonds Proposed. The question of issuing
Tryon, N.
bonds for water works and an electric-light plant is under
are advised, however, that
consideration in this place.
nothing definite has been done as yet in the matter.
Utah.— Temporary Loan.— The State Board of Loan Commissioners on August 12 borrowed $-40,000 for ninety days
from the National Park Bank, New York City, at 2 ;,'in-
—
C—
We
i
C—
&
Bonds Refuted.— Feder, Ilolzman
Wake Comity, N.
Co., Cincinnati, who on June 1 were awarded $14,000 5*
bonds, after investigation have refused to take the same, as
Co. of Chattanooga, who were offered
have also Stafford
the bonds after the Cincinnati firm had declined them.!
Watertowu, Mass.— Bond Sale.— On August 11 the $'30,000
Co., Boston, at
Sy,i loan was awarded to Blodget, Merritt
10221- an interest basis of about 3'237£. Following are the
&
&
bids:
Blodget. Merrltt A Co., Boston. 102-21
102-18
A.luins A Co.. Boston
108*16
Parkinson A Burr. Boston
102125
Watertowu Savings Bank
Kstabrook
A Co..
Jose, Parker
S.
A
Boston
Boston
101-678
Co.,
101H0
A. Kean. Chicago
100'05
Newman & Tolman,
Rogers,
101-71
Boston
100036
A Co., Boston
Loan matures July 1, 1911.
Waterville, Me.— Bond Sale.— An issue of $10,000 bonds
was awarded on August 7 to E. H. Gray & Co., Boston, at
105*576.
Following are the bids
106-570 G. A. Fernald A Co., Boston.. ..104-260
B. 11. Cav4Co.. Boston
105076 Jose, Parker A Co., Boston.
10301
N. \V. Harris A Co.. Chicago
lone
Denlson. Prior A Co.. Cleve
Wayne Township (N. J.) School District.— Bond Sale.—
On August 15 the $4,900 5$ building bonds were awarded to
Penhale & Fisher, New York City, at 103'256 and accrued
Following are the bids
interest.
Blake Bros.
•
LIST ON APPLICATION.
A. G. Becker
I
&
INCORPORATED.
Co.,
N. Y. Office. 1442
W.
Cor.
Monroe & La
Salle Sts., Chicago, 111.
New
^
|
10. p.
:;
works
bin
water-works and for street improvements.
West Minneapolis, Hennepin Coiintv, Minn. — //' nd Offerby
ing.— Proposals will be received until 12 t-L, September
">.
Close, Village Recorder, for ^l.'J.COo 5% gold bonds.
Securities are in denomination of $1,000, dated Oct. 1. 1901.
Principal will maInterest will be payable suni-annually.
ture $1,000 yearly on October 1 from 1903 to 1917, inclusive.
John O. Harrison, Vil\ certified check for $100, payable to
lage Treasurer, must accompany proposals. The vill.
no bonded debt at present. The assessed valuation in 1900
was $371,628.
\.
Whitewright, Texas.— Description of Bonds.—The $6,500
water-works bonds recently voted are in denomination of
Interest will be at the rate of 5*,
$500, dated Aug. 1, 1901.
payable annually in Whitewright. Principal will mature in
40 years, subject to call after 5 years. These bonds will
probably be put on the market in the very near future. Em-
met Penn
City Treasurer.
is
Wilkinsburg, Pa.— Bonds Voted.— At the election held
August 6 this borough voted to issue $25,000 fire-department
bonds.
Wills Point, Texas.— Bond Offering.— Proposals will be received until 12 m., September 3, by the City Council, for
10-40-year (optional) school bonds and $7,000 4* 20$5,000
year refunding bonds. Interest will be payable semi-annu-
H
ally.
Winnipeg, Manitoba.— Debenture Sale.— The City Counhas disposed of the balance of unsold i% city debentures
amounting to $672,031 at 98-25. See Chronicle July 13,
cil
1901.
Worcester, Mass.— Bond Sale.— The Sinking Fund Commissioners have purchased for the sinking fund $150,000 Z%%
water and $100,000 Zy2 % sewer bonds, both to mature April 1,
1931, paying 106 80 for the bonds.
irNVESTIV^NTS.
DENISON, PRIOR & CO.
IN
ItJEALJEBS
Grade
High
Broad-Exchange Bldg.
MacDonald, McCov
COMMERCIAL PAPER,
8.
OJ
238-240 La Salle Street,
&
Co.,
AND CORPORATION
MUNICIPAL
J
iu.
1<»3
Bar (optional) water
s
CHICAGO.
ILLS.
-
in
INVESTMENT SECURITIES.
172 Washington Street,
CHICAGO,
York.
N. Y
INVESTMENTS.
Geo. D. Cook Company,
D<JNUb,
CORPORATION
o..
lighte,
:
T. B. POTTER,
MUNICIPAL and online
<
nig
WtHterville, Ohio.— Bond Election.— On Augu
village will vote on the question of issuing bonds for electric
:
INVESTMENTS.
New
'1
IfMttaerford, Texun.— Bund Offering.— ,\.
Chairman of the Finance Committee, offers for sale $30,
...101 677
New York
4
Kferill
li.
For description of bonds see Chronicle Ang.
I
nn
X
jObn
\
A. Kenn. Chicago.
I. llnhu. Now
Yoik..
S.
A Crawford.
Penbale A lusher.
CO.. N. V
New for*
Todd A
ft.
.
A
lilt
-din.
\
Klr\ bolte
it.
SEND FOR
Bonds.
LISTS.
§ Exchange Place, Boston.
121 Euclid Avenue, Cleveland.
BONDS.
171
La
Salle Street, Chicago.
MASON, LEWIS & CO.
BANKERS,
MUNICIPAL BONDS.
MUNICIPAL
RAILROAD
CORPORATION
BONDS
TO NET FROM 4%* TO
6%.
CORRESPONDENCE SOLICITED.
C. H.
WHITE &
CO.,
Broadway,
-
New York.
AGENTS FOR THH
ANGLO- AMEBIC AN BANK,
Ltd.,
Charing Croat, London.
LONDON AND PARIS
EXCHANGE,
121
Ld.,
Co..
BOSTON.
&
Seasongood
S.
i
Streets,
MUNICIPAL BONDS.
City,
County,
Town and
School Bond!
issued In leading prosperous States of the Union,
especially adapted for safe and permanent Investment for Bstates and Trust Funds.
CLINTON GILBERT,
2 Wall Street,
New York.
BANK AND TRUST
CO.
E. 0.
The exchange Is prepared to entertain
proposals lor Introducing Sooth African
and Rhodesian shares In America.
Only flrst-class propositions.
00 Devonshire
Si.
_-.._-
BONDS*
Choice Issues.
Mayer,
W, Corner Third and Walnut
CINCINNATI, OHIO.
F.
Railway and Gas Companies.
LIST ON APPLICATION.
R.
FULTON & CO.,
Municipal Bonds,
171
la salle
street,
CHICAGO.
ATTRACTIVE BONDS
Yielding from 3 to 8* net.
VERMONT BONDS A SPECIALTY.
STOCKS.
B. POWELL A- CO.,
HARRY
Woodttock, Vei-mout.
INVESTMENT SECURITIES.
A. Strassburger,
Basildon House, Moorgate Street,
LONDON,
MUNICIPAL
RAILROAD
CORPORATION
Street
Bankers and Exchange Agents.
HEAD OFFICE
[Hon ud nock Building,
BANKERS,
Devonshire Street.
High-Grade
BANKERS,
Tl
STANWOOD &
E. C.
and
BOSTON,
CHICAGO,
8TOCK8 AND BONDS BROKER.
Southern Investment Securities.
Supplement
the ChronWe have a new File Cover for holdingC!o
Sim.
icle SUPPLKMKNTS. It
hut adapted
I'ltitosiCLB,
the
the one used lor Hug
!
tl
especially fortneSi'i'i'i.KMKNTS.
Price, 50 cents, or 08 ceuis sent by mall.
B. DANA COMPANY,
P1NU STREL1. HBW YORK.
WILLIAM
MONXaOMJEBT, ALA.
File Cover.
76**
THE CHRONICLE.
360
IBatiluers
CHICAGO.
and ^Brokers ®txi ot
CHICAGO.
&
Bartlett, Frazier
&
Schwartz, Dupee
Co.,
* Board of Trade
12 The Rookery,
&
10 Wall Street,
AttorConrt,
&
NO.
»
CHICAG0
7
NEW
STREET,
^ovU.
MILWAUKEE.
Co.,
Chicago and Milwaukee.
Co.
INVESTMENT BANKERS.
NEW YORK.
•
&
Oliver C. Fuller
OKALER8
Municipal,
Railroad
IN
and
Corporation
)
)
^^ YORK
)
Merchants' Exchnniie. 8T.
»10
.
f£eur
STOCKS AND BONDS,
GBAIN AND PROVISIONS.
Stocks, Bonds, Grain,
LXiin.
rvoL.
LOUIS.
BOIVI3S.
members:
new york stock exchange,
chicago stock exchange,
chicago board of trade.
106-108
(ira ml
Avenue, Milwaukee.
PRIVATE WIRES.
EDWIN L. LOBDELL,
CHICAGO, ILL,.
LA HALLE STREET,
CHICAGO, ILL.
New York Stock Exchange,
115-117
MBMBBR NEW YORK STOCK EXCHANGE.
CHICAGO 8T0CK EXCHANGE.
BOARD OF TRADE.
Chicago Stock Exchange,
Memberi
New York Cotton Exchange and
Chicago Board
B.
Smith
6c
Co.,
BANKERS.
The Bonne, 3th
80 Cedar
Members New York and
W.
E.
Phlla- Stock Exchange*.
&
Co.,
BANKBR8 AND BROKERS,
No. 139 Sooth Fourth
PHILADELPHIA.
Transact a Ken era' banking business.
St.,
Sproul & Co.,
PITTSBURG, PA.
Allow
In
of the Philadelphia and New York Stock
Exchanges, and connected by private wire wltb New
Members
York.
G. Hopper,
H. 8. Hoppbb,
Members of Philadelphia Stock Exchange.
Wm.
&
G. Hopper
)
&
Co.,
8T0CK AND BOND BROKERS,
88 South Third Street, Philadelphia
Investments receive our special attention. Information cheerfully furnished regarding present
holdings or proposed Investments.
John H. McQuillen &Co.
Sons,
CORRESPONDENTS
Bank
of
New
First National
York, N. B. A.
Bank of Philadelphia.
&
Whitney
1871.
Stephenson,
BANKERS AND BROKERS.
No. 209 FOURTH AVENUE.
Oldest Pittsburg
Members N. Y. Stock Exchange.
BANKERS AND BROKERS,
104 SOUTH FOURTH STREET.
T. Mellon & Sons' Bank,
PITTSBURG, PA.
PHILADELPHIA.
SBNERAL BANKING, COLLECTIONS.
Members
Philadelphia Stock Exchange-
W.
E.
Hutton
Co.,
CINCINNATI, OHIO.
Members Cincinnati and New York Stock Exchanges.
BROKERS AND DEALERS IN ALL
CINCINNATI
AND OHIO
1
Francis,Bro.
Buy and
sell
&
&
Co.,
Brokers and Dealer*
214 N. Fourth
Co.,
ST Bast Third
8*.. Cincinnati.
ST. Goab,
Edward Polliu
Members Stock and Bond Exohange.
Edward
\
St.
&
Pollitz
Co.,
STOCK AND BOND BROKERS.
Hawaiian Sugar Stocks a Specialty
403 California Street,
SAN FRANCISCO. CAL.
Established 1809.
"
1867.
&
Co.,
BANKERS,
Street, Baltimore.
Divestment and Miscellaneous Securities a ipse.
laity, and whole issues handled.
Exceptional
facilities for
Southern Bonds.
dealings In
all
classes of
Loans on Collateral Securities
negotiated.
Charles B. Hoblitzell & Co.,
BANKERS AND BROKERS,
BALTIMORE, MARYLAND.
B0LLING,
BANKER AND BROKER,
RICHMOND, VIRGINIA.
Southern Securities,
Virginia Bonds,
Virginia-Carolina Chemical Co. stock.
Reference— Mechanics' National Bank, New Yor
.
Davenport & Co.,
BANKERS AND BROKERS,
RICHMOND, VIRGINIA.
1860.
Mottu, de Witt
&
Co.,
Bankers and Brokers,
principal
markets.
St.
Louis and Chicago
Stock Exchanges.
Whitaker
&
NORFOLK, VA.
SOUTHERN INVESTMENTS.
all
ST. LOUIS.
members New York,
securities In
John
WIRES.
AUGUSTA. GA.
SOUTHERN SECURITIES.
Company,
WHITAKER Oi HODGMAN,
BOND AND STOCK BROKERS,
Street,
ST. LOUIS.
Dickey,
BROKER,
Successors to
300 North Fourth
W.
PRIVATE
Ohio.
Hbnrt
Co.,
316 East Baltimore
on com-
securities,
also listed
and unlisted
In
Cincinnati Bonds and Stocks
Wilson, Colston &
mission local
SECURITIES.
Irwin, Ballmann
William Wilson & Sons,
Correspondence solicited and information furnished about Southern State, Municipal and Railroad Investment Securities.
Reference— Bank of New York. N. B. A.
ST. LOUIS.
&
Dealer*. In Investment Securities
18TABLI8HBD
INVESTMENTS.
CINCINNATI.
Baltimore, Md.
WYNDHAM
PITTSBURG, PA
13TABLI8DD
St.,
Seaboard Air Line Securities,
Southern Securities a Specialty.
201 East German Street,
PITTSBURG, PA.
W.
2 South
Members of Baltimore Stock Exchange.
BANKERS,
terest on deposits.
BANKERS,
Wilson, Colston
Stock
PHILADELPHIA /
CHICAGO
f Exchanges.
PITTSBUBG
)
AND
CHICAGO BOARD OF TRADE.
N. Holmes
BAKER,WATTS&CO
HiMBiRg Baltimore* Stock exchange.
Henry
NEW TORE
Broadway, Now York.
Clark
Trade.
MEMBERS
Street Philadelphia.
Street, eor.
of
PITT8BURG.
PHILADELPHIA.
Edward
SOUTHERN.
Co.,
BANKERS AND BROKERS,
8tocks and Bonds,
"The Rookery,"
&
A. O. Slaughter
Chas.
H.F.Smith & Co.,
INVESTMENT SECURITIES,
STOCKS, BONDS AND GRAIN,
ST. PAUL, MINN
Pioneer Press Bldg.,
Members of New York Stock Exchange
Members of Chicago Board of Trade.
@FedFRASER