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financial
Quotation
Supplement
(Monthly)
Street Railway Supplement
Investors
Supplement
(Quarterly)
State andCily
(^am*^
Supplement <&*Am^
[Entered according to Aot of Congress, In the year 1901, by the William B, Dajta. Compart. In tne ofnoe of the Librarian of Congress.]
VOL.
SATURDAY, DECEMBER
73.
NO. 1903
14, 1901.
Week ending December
7.
Clearing* at —
1901.
PUBLISHED WEEKLY.
of Subscription— Payable in
Terms
Terms
ot
600
18 00
7 50
*2 14s.
Allln.
stbbbt railway supplement
Statb and Oitt Supplement
(8 times)
..
$4 20 Three Months (13 times) $29 00
" ).. 50 00
Six Months
(26
22 00 Twelve Months (52 " ).. 8700
A
Messrs. Edwards
Smith, 1 Drapers' Gardens, E. 0., will take subscriptions and advertisements, and supply single oopies of the paper
at Is. eaoh.
WILLIAM
B. DANA COMPANY, Publisher*,
Pine Street, Corner of Pearl Street,
Post Office box 958.
NEW YORK.
Boston.
Philadelphia
Baltimore
Chicago
SULonis
New
Orleans
Seven
3ther
ottlei, 6 day*.
oltlei, 6 days
Total
all oltlei. 6
4.11 oltles, 1 day
Total
The
all olttet
days.
1901.
P. Oent
1900.
81.350,643,299
119,090.612
93,916.660
19,805.685
144.776.170
40,897.069
14.383,878
91 065,642,064
124.666.062
76,908.459
20,981,842
115,8(6 68*
33,848 60S
16 8*4,214
11.7*8.916.428
297,087.627
$1,468,487,678
831,071.411
|2,0Sti 004,050
12,912,2:2,973
$l,6£4 66 d,07»
867.589.614
82.048.148,693
+26-7
-40
+80-8
-66
+25-0
+41-1
-ll-o
4
281
+-286
Cleveland
New York
a loss of 12*0 per cent. Outside of
over 1900 is 18-6 per cent.
Buffalo
Washington
Albany
Rochester
Syracuse
Scranton.
Wilmington
Bingham ton.
Chester
Greensburg
Wheeling. W. Va.
Wilkes Barre
Total Middle....
8,611.500
5.4',
Dayton
1,466,H40
Springfield,
Canton
111...
Qulnoy
Bloomington.
Jackson
Ann Arbor
Tot. Mid. Weit'n
San Francisco.
Salt Lake City.
Los Angeles...
Seattle
Spokane
Tacoma.
Helena
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
1901.
$
\i P.
Cent.
1899.
41.968 891
82.737,403
24 012.275
26.646.181
6,824 689
6.887 724
8.704.87*
2,887.694
5,630.816
3,178,6711
3.001 5 IS
8.796.688
1,391 836
1.803,909
1.614,424
1,862.059
1 088.824
920 949
386,800
481.600
B88 A 9
374.1741
401.579
308,704
678 8*5 Sot include d
938.478 Not include d
1.743.626 3-17 1 697.968.407
i
;
,
,
,
DavenportSioux City.
Topeka
Wlohita
Fremont.
Colorado Springs..
Tot. other West.
Louis
Orleans
Louisville
Galveston
Houston
Savannah
Richmond
Memphis.
,
,
Atlanta
Nashville.
Norfolk
,
Augusta
-r-28-2
-9-9
+16*0
+28-8
4-74*0
4-7-4
+16"7
+28-9
+12*0
-839
-10-2
4-80-1
Macon
Little Rook
1S0S.
87,517,631
23.071 872
6.195.365
3,028 321
8.916,734
8.460 001
1,886.416
1,125 248
Chattanooga
,
Jacksonville.
I
+8-8 1,114,000 436
+18-8
88.300.23 s
,640,693,051 1,4 '0,096,291
117,487,818
99 803,670
Paul
Denver
Joseph
Des Moines
954,918.138
84,878 6H3
18 322 687
82,97" 980
6,080 087
8,000 959
),94J68t
1.024.781
920,0110
985 667
698 077
460.700
357,600
808 639
309.000
in tot al.
In tot al.
4-9 4 1.272 039. ZBi 1.093 621.372
018
600.01-5
681,109
424.100
498.760
253 498
374.149
344,208
133,406
888.817
274.890
140.000
Not Include
880 879,838
812244,803
85.344 484
4,496.022
8,176.800
4 209.151
8.070,670
28 046 04^
3 834.8U6
uoa
136.784 867
147,808,172
16.948,050
8,866,310
10.885.503
6,377,144
6.088.000
8,288.588
8 044.826
2 4S7,lb2
1,881,278
1.863,279
979.384
337.688
504.556
585 061
4*7,000
180.214.876
18.871.900
6.911.268
8,867.837
8,490.386
4.488.800
2.810 170
2 0' 7 393
1 997 958
1.181,264
1,006 988
867,940
2-8 549
888 997
258 867
867 887
417 806
838.067
389.000
348.286
856.187
868 ISO
316.698
159.808
4-88-1
811.764,080
171 986.488
16 037.300
8 614 180
8.188.079
1,690 8«6
681.388
319 024
553999
203 82H
45,132.091
37,492.981
H0.497874
26.834.570
21.651,788
81 075.697
17.220.016
14,823.673
6.410.460
14,654.117
14 871.671
6.463 299
18,138.783
11.637.096
7,140.954
491.009
3,641.007
2,100.000
1,480 478
089.060
946.392
1,879 324
1,342.676
842
638
678
134
201
965
400
308
6 021577
5,638319
858.900
936 978
4.473.5H9
3 990.094
1.768,881
1,223.893
1,611,211
861,927
491.6)5
108.092
860.640
4,884 822
4,030.923
1.683 981
1.043 305
1.331.C88
778.798
480.425
144,20i
77.748.0J0
59,806 807
4-300
65.209*01
40.8*1 796
S8.22S.923
+64-0|
17 998 403
10,092 049
4-0-4-3-0:
31,319.794
18 809.7)0
34.841.835
12 517.006
0.855.108
4.723 800
4.711.600
8.319.028
B.95r* 100
3 317 008
1.0-9.017
69,809 838
18.125,818
10 457 913
4,991,500
7.415.757
4.489 106
4.036.073
4,808,883
8,841,882
1.963 960
1.681.793
1,916,624
774.171
1.884.879
1.278,848
979.000
1,003.808
63S "6*
448.788
897.480,209!
Outside N. York.
969 983
760 880
608.237
162.073,304
444610
8.673 816
2.597.144
8,6S6 289
1.116.784
1,240,470
870.305
6,081.000
4,900 910
6.660, 183
4,483 670
6,209 762
8.870.171
1,898.180
1.698.782!
8.167.478
616.638'
1.582.413
1,104.000
928.000
— l-S|
8.181.147
2,136.047
1.805 830
8,008,643
1
+164
+4M
—0-7
—11-0
+26-*
-f-0
1501,712
594 409
+89
+18
115.103
1 820 463
1.34H.154
833.546
631 832
806 328
184
522 863
000
675.000
428
441980
029
348.733
895.426
841398
*l 487 503
87 618 066
836 176 767 1,660370.640
019
773
662
450
1
4-80-8
4-13
600 441
458 239
901765
8
4-16-2
4-5-6
4-87
4-76-0
756.664 123
4.681.470
4,071087
8.218861
— 10-0|
— 19-8
487,492
861400
8 573>93
4,041 600
+51-1;
-si-el
7'5 392:
887l
188.688.800
l06.8«0
48«.868.880 1,176 650.414,
Total Southern..
Total all
180.410.089
8.206 600
2.881,750
1.776.871
1.586.670
1,649 240
1.698.464
21 649 083
4 098.581
2.233.810
2 159 007
2.124 862
1,585.000
1,165,301
888.782
606.022
218.486
7,897,146
7.581,662
6.132.677
6.876.990
1 917.975
1.630.70U
1,717,708
1,462,319
759,088
,
0X14
-2'6
8.670.187
1,169,821
1,820.616
880,005
889,190
876 514
826,868
888,728
863,880
151,669
104 809
1.779.088
1.260.682
697,387
Birmingham
7.
2
745.200
649.140
299 546
386.610
Springfield, Ohio..
New
1
6B8 900
670,016
111
Lexington
Jacksonville,
9.2
897,509
659.846
Youngstown
Knoxvllle
Fort Worth
Week ending December
1900.
the increase
142.950.790
18,807.450
9 486.297
11 870 008
0.826.051
6,296 300
3,493 467
3 122 985
3,120 248
1837 787
1.708,351
1,881.688
1.221,798
1.187,739
682.461
497,118
841.808
822324
190,778,164
20,504,200
15 604.009
15.709,041
Peoria
Toledo
Grand Rapids
143.483.3H9
7.184.100
8.877.H69
1,702.540
7.057.800
8.669.7*8
1,688.408
1 632.423
1,4 J 8.774
1.456.544
1,284,071
5*8.790
910,100
102,277.119
8.880,i!lO
Hvansvllle
143 483 959
168,288.758
Indianapolis
rit.
below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Dec. 7, 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
Philadelphia
Pittsburg
Baltimore
Ens.
Detroit.
~+2S-0
We present
New York
New
Cincinnati
St.
night.
1901.
819,074
354,«49
Chloago
St.
the week covered by the above will be
given next Saturday.
We 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
at—
643 340
Holroke
+83-8
+19-6
full details for
Olearingi
Woroester
Portland
Fall River
Lowell
New Bedford
Portland
426 248,923
for week.
1.749,981
1.F6S.749
1.697.777
1.585,626
1,076,848
Springfield
Rookford
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day, Dec. 14,
have been $2,512,272,973, against $2,438,358,860 last week and
$2,042,148,693 the corresponding week last year.
New Vork
New Haven
8,980,(i99
Akron
Kalamasoo
CLEARING HOUSE RETURNS.
Week Ending December 14
189 037,004
6.970 800
Milwaukee
Columbns
London Agents:
Ciaartnga— K«turn» Ov Tststfraph.
Boston
Providence
Hartford
Total
. .
standing business oabds.
Two Months
$10 00
Advertising—(Per Inch Space.)
Transient matter
1899.
Adtunce
For One Year
_
Por Six Months
European Subscription (lnolndlng postage)
European Subscription Six Months (lnolndlng postage)
Annual Subscription in London (lnolndlng postage)
Six Mos.
do.
do.
do.
Above subscription lnoludes—
thi quotation s0pplembht
Thi Investors' hppplkmknt
1901.
1900.
1
6
711.109.633
+86-2
17 854 060
11.942 480
8.468.617
8.179 337
601 468.404
CAW ADA—
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St.
,
,
John
969 638
,0«0 808
.T44.237
+B25
068.303
747.900
647 806
+3-1
040.74!)
Victoria
vanoouver..
,882 679
19.664 473
16 518 634
6 890 897
8.076.003
1,088.839
..
Quebec
Total Canada...
481 078
1.123261
1,910,887
47.781438
925 833
Not nclude d
1
36
78100
4-190
+2d-e
-88-7
+31-4
857 9"4
H04 812
16.514818
10 841.574
2,084 076
1.450.000
1.110.402
1.23d.9l2
871.908
844 268
816.941
044,890
88.888 689
36 117.053
In urt al
4-30-0
THE CHRONICLE.
1232
being sent to
THE FINANCIAL SITUATION.
[Vol.
New
LXXIH.
Orleans and $1,300,000 to Chicago.
was also reported on Wednesday that $1,100,000
Some readers seem to be bo conf need in their ideas of gold had been withdrawn Wednesday for shipment
with reference to the volume of bank notes outstand- to Germany Thursday, and that a million dollars
more would be sent to South America Friing that we have prepared and give in our Miscellane
unfavorable circumstance was
Still another
ous News Department a little statement which ana- day.
important
lyzes the Treasury figures issued at the opening of that the Sub-Treasury continued to take
bankB—
$i,000,000
each month, and shall hereafter|from month to month amounts of currency from the
add the latest returns and continue to give the table being named up to Wednesday. On the other hand
We are not surprised that many the Secretary of the Treasury announced that on
in that department.
It
unfamiliar with the details respecting the retirement Monday next he would anticipate the payment of the
So far as our January interest. The Treasury also bought $1,000,of bank notes are at times led astray.
own readers are concerned we had supposed that we 000 4s of 1925, paying for them $1,395,440; later
the total payalready published facts twelve times a year out of other offerings were accepted, making
ments on account of purchases this week $2,397,700.
which the real situation could be easily unraveled.
There are two very dissimilar aggregates published While the course of money was thus growing in interthe Government relating to bank issues. One is an ex- est and influence, Amalgamated Copper stock be-
by
hibit of the total notes outstanding having Government
bonds on deposit for their security, and the other is
the same total, increased by another lot of notes out-
Nevertheless the future
of that.'property remained among the unsolved problems, although the circumstance that the stock moved
standing which theoretically have a deposit of legal
tenders as security. The bank notes that are thus
supported by a legal-tender deposit instead of
bonds are note issues which, so far as the banks which
issued them are concerned, have been retired, those
banks having deposited the legal tenders with the
less
came
less
of a
feature.
continuously downward and showed spasms
of strength for a time lent encouragement to the idea
that a turn in the speculation had been reached. With
regard to copper, an important fact was a further de-
London. Another and still more
important fact was the announcement made yesterTreasurer and taken up their bonds; all that body of day by the Amalgamated Copper Company of a renotes is therefore not withdrawn from circulation but duction in price from 17 cents to 16f cents for Lake
in process of being withdrawn. We have said above and 15^ cents for electrolytic
cided
that until withdrawn they are "theoretically" secured
by a deposit of legal tenders. The truth is the legal
A
fall in
price at
because tending to impart
tenders are no longer kept as a special deposit, but confidence in financial circles, has been announced
the deposit is made a part of the Government debt. this week. It is the conclusion reached by the United
Under a provision of the law of July 14 1890 all Slates Steel Corporation, deciding not to change the
figure
legal tender deposits in the Treasury made to redeem price of Lake iron ore, but to fix it at the same
bank circulation have been covered into the Treasury it has ruled during the past year. For the benefit of
it should
as a miscellaneous receipt, the same law declaring any who are not familiar with the situation,
most promising
act,
be said that a higher price was fully warranted by
that it was also strenuously
shall redeem from the general [cash in the Treasury current demand ;
outside ore
the circulating notes of said banks which may come advocated by a large number of
and that it has been called by
into his possession subject to redemption" Since interests ;
that thereafter
" the Treasurer of the United
States
that Act was passed, the balance due on account of
the legal tenders deposited has appeared as an item in
the debt statement under the title of "National bank
—redemption account."
mere sentimentalism
not to let the price be governed by supply and
demand. In the face of this opposition and of these
some well - informed
people
the decision referred to has been
The conclusion is not only creditable to
It of course depends upon the subject a writer is reached.
far better,
discussiDg which of these totals he may use. If he is the company and its managers, but, what is
writing with referenoe to the circulation of all kinds it shows that a temporary profit, however large, is not
that stability in
afloat in the United States he should include in his what that organizition is seeking;
notes
circumstances
bank notes outstanding with
bonds as the security, but also the other class of bank
notes which have no bond security but are not yet red eemed. On the other hand if the discussion is with
reference to the bond feature of a current increase or
retirement of the bank issues, only those which have
bonds behind them would be included a withdrawal
revenue and steady distributions to its stockholders,
and uninterrupted progress in industrial affairs, is
of the bonds ends the bank's connection with
our exports, it is increasing the cost of all kinds
manufacture, and adding materially to the
of
our industrial fabric
brief,
In
cost of living.
calculation not only the
—
the
notes.
The money market and Amalgamated Copper have
aim and purpose.
There is at present no greater danger threatening
the continuance of the term of prosperity we have
been enjoying than the disposition so widely shown
It has begun to interfere with
to rush up prices.
its
be top-heavy. Besides, there is no
trade in this country so favorably situated for cheap
production and wide development, and with so good a
is
getting
to
dominated the course of security prices this week.
Higher rates for money ought not to have been a surprise. On Monday loans were made at 7 per cent and on promise to lead the world,
as iron
and
steel.
The
Tuesday at 8 per cent, with the minimum 6£ per cent. home demand for these articles has been unnaturally
Wednesday the developments became more acute and stimulated by a strike that interrupted production.
product,
quite disturbing, rates taking a more decided upward If all branches, from the ore to the finished
put up
turn, the range being from 6 to 10 per cent, touching should take advantage of this situation and
time
12 per cent Thursday. The transfers of mon ey through prices, they might and probably would for a
greater
the Treasury to the interior were large, $1,200,000 make a big pile of money, but in the end that
December
success which
nitely.
It
is
THE CHRONICLE.
1901.]
14,
is
within reach would be put
a highly satisfactory point in favor of the
United States Steel Corporation that
itself
off indefi-
it
has placed
in the forefront of this battle for solidity.
The Minneapolis & St. Louis RR. has this week raised
the semi-annual dividend on
its
common stock from
2
per cent to 2\ per cent. The company has had quite
a noteworthy record of prosperity. Payments on the
oommon shares were begun in July of last year after
the preferred shares had for the first time received
the full 5 per cent to which their preference entitles
ber
1.
Until
last
1233
May production had never at any
time
been as high as three hundred thousand tons a week.
At the present figure of 324,761 tonB per week, production is at the extraordinary rate of almost 17 milThis, it would seem, ought to relion tons a year.
the
shortage
of iron, and yet it is a fact
lieve
existing
that the rate of production has been increasing in all
recent months without apparently having any appreciable effect in restoring the equilibrium between
supply and demand.
There was no change in the official rates of discount
by any of the European banks this week and open
market rates at the principal centres were steady.
The statement of the New York Associated Banks
last week reflected the large withdrawals of cash into
them. Since then the business of the company has
been steadily increasing and its revenues expanding,
and after making two semi-annual payments of 2 per
cent each, the rate has now been advanced to 2£ per
cent.
We reviewed the company's annual report in the Treasury in a reduotion of $6,806,900 in the surour issue of November 2, and showed that net plus reserve, bringing the surplus down to $6,607,675,
for 190001 had been $1,426,819, against $1,262,802 the item being decreased nearly one-half oompared
for 1899-1900, $1,061,899 for 1898-99, $950,959 for with the previous week.
There was an increase of
1897-98 and $874,788 for 1896-97. After allowing for $5,382,800 in loans and a decrease of $1,710,400 in
fixed charges and the 5 per cent dividends on the pre
The movements of money, through transdeposits.
ferred shares, there remained a surplus of $353,762 on fers to the interior and shipments of gold to Europe,
the operations of the late twelve months, equal to indicate a reduction in cash this week, and, unless
nearly 6 per cent on the $6,000,000 of common stock there should be a heavy liquidation of loans, a further
outstanding, while payments, as already stated, were at loss of surplus reserve. The payment into the Subthe rate of only 4 per cent per annum.
In the cnr- Treasury of about $2,500,000 last week by banks which
rent fiscal year to date earnings have been further were substituting lawful money for bonds securing
improving, and for the four months to October 31 the circulation which they intend to withdraw appears
net for 1901 is $540,665, against $491,914 for the cor- to have been in part due to the withdrawal by the
responding four months of 1900.
Continental National Bank of Chicago of $1,700,000
of its 2 per cent bonds which were held as security
We have referred above to the action of the United for its notes. The Cashier of the bank said that with
States Steel Corporation in taking a stand against an those bonds selling at about 109 there was a profit of
advance in the price of iron ore. This action is alj nearly $100,000 in them, as against the small profit
the more significant in view of the wonderful activity in circulation. He further stated that in November
which would make it pos- the bank retired $600,000 and in the first week of Desible to obtain for the time being almost any price for cember there was a retirement of $1,100,000 circulaany article from the raw material to the finished prod- tion.
of the iron
uct.
and
and
steel trades,
Quotations for
practically all
classes
of
iron
keep steadily advancing, and the demand is
Notwithstanding the fall in exchange there was this
so large that producers find it difficult to keep up with week a shipment of $1,115,869 57 gold to Europe and
it,
the complaint
being general upon the part of $1,000,000 to South America. Heidelbach, Ickelof consumers that
they are
unable to secure heimer & Co. exported $505,869 57 and Ladenburg,
deliveries upon their orders. The situation is well illus- Thelmann & Co. $110,000 to the Continent of Europe by
trated by the monthly blast-furnace returns published Wednesday's steamer, and the National City Bank forthe present week by the "Iron Age" of this city. The warded $500,000 on Thursday. On that day Gold"Age" finds another noteworthy reduction in the total man, Sachs & Co. shipped $500,000 and the London
of stocks, sold and unsold; at the same time the out- and Rio Plate Bank sent $500,000 to S3uth America.
put of the furnaces has advanced to a new high point. It is stated that the European consignments were forThe aggregate of the stocks (not including the hold- warded to Berlin on special order, the gold being
ings of the steel works producing their own iron) Dec- needed for settlements due at the end of the year.
ember 1 was only 223,462 tons, against 273,251 tons No- Payments at the Sub-Treasury during the week for
vember 1, 361,593 tons October 1, and much larger unmatured bonds amounted to $2,397,700 05 making
amounts in the months preceding. To be sure, some $60,480,868 90 since April 2.
of the f arnaces were hampered during November by
the inability to obtain a supply of coke, owing
Influenced by the low bank reserves and by the
to the great car shortage, which fact made the continued transfers of currency to the West and South,
output smaller than it otherwise would have been. as also by the gold exports to Earope and to South
On the other hand, however, some furnaces had to America, the money market was active and higher this
pile up iron (thus adding to stocks) because they week. Money on call, representing bankers' balances,
could not get cars to haul it to customers who were loaned on the Stock Exchange at 12 per cent and at
eager for it.
But while production was restricted 3 per cent, averaging about 8 per cent. On Monday
during the late month, the output is now again sur- loans were at 7 per cent and at 5 per cent, with the bulk
passing all previous records. The " Age " reports for of the business at 6 per cent. On Tuesday transactions
December 1 266 furnaces in blast having a capacity were at 8 per cent and at 5£ per cent, with the maof 324,761 gross tons per week, against 259 furnaces jority at 7 per cent.
On Wednesday loans were at 10
with a capacity of 320,824 tons on November 1 and per cent and at 6 per cent, with the bulk of the busi246 furnaces with a capacity of 307,982 tons on Octo- ness at 8 per cent. On Thursday transactions were at
steel
THE CHRONICLE.
1234
12 per cent, the highest since July, and at 3 per cent,
this ratebeing recorded after the inquiry for the day had
been in great part satisfied; the majority were at about
On
[Tol. LXXIII.
86|@4
87 for the latter; cables were reduced oneeighth of a cent for the asking price, being quoted at
to 4
87£@4 87f
On
Tuesday, while long was unchanged, short fell one-eighth of a cent for the bid
price, to 4 86£ @4 87; cables were one-quarter of a
cent lower at 4 87£@4 87f. On Wednesday the market was quite weak.
Long declined half a cent, to
4 83i@4 83£, short three-eighths of a cent to 4 86±@
4
.
Friday loans were at 9 per cent and at
4£ per cent, with the bulk of the business at 7 per cent.
Banks and trust companies loaned at 6 per cent as the
minimum, though nearly all the down-town institutions placed money at the prevailing market rates.
Time contracts were advanced to 6 per cent for thirty to 4 86£, and cables five-eights of a cent, to 4 86£@4 87.
ninety days on good mixed Stock Exchange collateral; On Thursday long fell three-quarters of a cent, to
those for four to six months, on the same grade of 4 82£@4 83, short one-quarter of a cent, to 4 86@4 86±,
The busi- and cables one-eighth of a cent, to 4 86$ @4 86£. The
security, were quoted at 5@5£ per cent.
ness was, however, comparatively small, borrowers market was quite weak early in the day, but there was
generally feeling disposed to rely upon the call-loan a slight recovery by the close, though the tone was
branch of the market. Commercial paper was dull, feverish. On Friday the market was firm at the close
local banks being out of the market, and there was at a recovery of one-eighth of a cent for long and
not much inquiry from the interior. The supply of Bhort and of one-quarter of a cent for cables. The
paper was light, and merchants needing money applied following shows daily posted rates for exchange by
some of the leading drawers.
to their banks for discounts.
9 per cent.
DAILY POSTED BATE8 FOB FOREIGN EXCHANGE.
England minimum rate of discount
remains unchanged at 4 per cent. The cable reports
discounts of sixty to ninety-day bank bills in London 8rown Bros....
daring,
3f per cent. The open market rate at Paris is 2f per
Magoun* Co.
British
cent and at Berlin and Frankfort it is 3-J per cent. Hpink
No. Amertoc,
According to our special cable from London the Bank Sank of
Montreal.
of England lost £167,497 bullion during the week and Canadian Bank
of Commerce.
held £35,180,919 at the close of the week. Our cor- Beldelbaoh, Iok
oihelmer * Co
respondent further advises us that the loss was due to hazard Freres
the export of £20,000 to Malta and shipments of M jrcnanti' Bk.
The Bank
of
.
jf
£147,000 net to the interior of Great Britain.
Canada
FBI.,
Dec
(60
1
dan
Sight...
(60
dan
}8ight....
dan
(
60
1
Sight...
(60
dan
ISlght-.,
(60 days
\
81ght...
(60 dan.
1
Sight...,
(60 days,
.
I
Sight,..
(60
J
dan
Sight...,
The market
6.
MON.,
Dec.
4 86
4
83*
4 85
4
88*
TUE8- Wed., THTJB., FBI..
Dec. 10. Dec. 11. Dec. 19. Dec. IS.
84*
84*
84
83*
83*
88
85
87*
84*
87
84
87
84
85
88
88
85
88
85
88
86
88
IS*
88
88
84*
88
87*
84
84
87*
83*
87*
84*
87*
84*
87*
87
84
87
84
84
87
84
84*
88
84
87*
£3*
87*
83*
88
88
87*
87
87
em
88
84*
84
83*
83*
88
85
88
87*
84*
87
84
87
84
88
87*
87*
38
85
4 85
4
8.
83*
68*
4 85
488
485
488
466
4 88*
485
4 88*
4 65
86
88
488
closed at 4
84*
82f@4 83
for long, 4 86£(&
and 4 86f @4 87 for cables. Commarket during the week was the higher rates for mercial on banks 4 82 J@4 82$ and documents for payCotton for payment 4 81£@4 81f
money. Such rates were foreshadowed by the bank ment 4 81£@4 83.
cotton
for
acceptance
4 82£@4 82£ and grain for
statement of Saturday, and consequently the market
then began to be unsettled. On Monday there was a payment 4 82f @4 83.
further fall in rates, and the decline was almost conThe following gives the week's movements of
tinuous thereafter until Friday, when the tone grew
firmer in response to slightly easier rates fc>r money. money to and from the interior by New York banks.
Long sterling was partly affected by offerings of
Received by
tfst Interior
8/nrrtd by
Week Ending December 13. 1901.
y. T. Bank*. N.T.Bankt.
Movement.
bills drawn against the
negotiations of exchange
44,688.000
18,914.000
Loss I3.226.0C0
loans and also by the fall in other classes of ex- Currency.
9old
1.147,000
1.847,000
700,000
Loss.
change.
Sight sterling declined by reason of the
Total gold and legal tenders
*5,835.900
18,761,000
Loss, tfc.926,000
absence of demand, it being more profitable for bankWith the Sub-Treasury operations and gold exports
ers to loan their balances than to buy bills.
There
was a fairly large supply of commercial drafts against the result is as follows.
cotton and grain representing recent shipments, but
Inte
Out of
Net Chant* in
Week Ending December IS, 1901.
Bank*.
Bank*.
Bank Molding*.
there appeared to be on the market few spot bills.
Banks Interior movement, as above
16,835.000
18761,000 Loss. 18.926,000
The fall in rates for exchange, compared with those a-nb-Treasnry
oper. and gold exports
19,800.000
82,800,000
Loss. 3,090,008
of the end of November, was 2f cents in long, If
legal
tenders.
126,635
Total gold and
000
131,561,000 Loss. $5,926,000
cents in short and If cents in cables. Compared with
The following table indicates the amount of bullion
rates at the close on Friday of last week, the declines
>n the principal European banks.
were If cents in long, If cents in short and 1£ cents
in cables.
Continental exchange fell off, apparently
December 18 1901.
December 13, 1908.
Bank of
in sympathy with the lower rates for sterling, and the
Gold.
9old.
Silver.
Total.
Silver.
Total.
tone of that branch of the market was weak. The
The dominating
influence in the foreign exchange
4
86f for short
!
4
1
Assay Office paid $711,801 13 for domestic bullion.
Gold received at the Custom House during the week,
$26,622.
inssla
Nominal
exchange were reduced to 4 83£
@4 84 for sixty-day and to 4 87@4 87£ for sight.
Kates for actual business opened on Saturday at a decline of
rates for
one- quarter of a cent for long
compared with those
at the close
and
cables,
on Friday, to 4
84@
4 84£ for the former and to 4 87£@4 87f for the latter, while sight was three-eighths of a cent lower, at
4 87@4 87£. On Monday long and short fell onequarter of a cent, to 4 83J@4 84 for the former and
J
*
85.180.919
85.180,919 81,103,333
angland
81.103.333
98.263.710 48.892,720 148.245,48a 93 039,213 44,420,396 187.469,609
rranoe
Sennany*.... 33,156.000 17,080,000 50,836.000 27.024,000 18.931,000 40,945,000
68,878,000
6.107,000
Aus.-Hnng'y. 46,249.000 11.124 000
14,012,000 17,055,000
Spain
15,964.000
Italy
Netherlands..
5,741 400
Belg'm*
3169,338
Nat.
8 051,800
6.131 400
1,684 667
74,985 000 72.034.000 6,028 000
57,378.000 38,815,000 9,810.000
31,097.000 13,939.000 16,318.000
18,006.800 15,885 000 1,743,000
78,046,000
11872,800
4^77,000
5,535,000
4,754 000
2,981.000
1,491 000
10,412.000
4,472,000
48,186,000
30,851.000
17,187,000
rot.thls week (20.593.362 105158587 425.749.949 898.687.646 99,233,396 397,940,918
Tot. prev. w'k 518,668.887 104)74769 423.843.653899,356,879 99,866,995 898,523,274
s
The division (between gold and silver) given in oar table of coin
and bullion In the Bank of Germany and the Bank of Belgium Is made
from the best estimate we are able to obtain; In neither ease 1b It
claimed to be accurate, as those banks make no distinction In their
weekly returns, merely reporting the total gold and silver, but we
belle v e the division
we make is a
olose approximation.
December
THE CHRONICLE.
14, 1901.
section
HIE MO IVE LEADING THE BANKS TO
RETIRE CIRCULATION.
disposition
is
shown
in
Gage with the
Secretary
some quarters
responsibility
to saddle
for the
in
lm
—
to
appropriated annually out of the
Bum fori
on
all
Section 8689. There are appropriated oul of any moneys
the Treasury not otherwise appropriated, for the purposes
*
**********
- (page 726) Of one per centum of the entire debt of the
United States, to be set apart as a Sinking Fund for the purohase or payment of the publio debt in such manner as the
Secretary of the Treasury shall from time to time direct.
We
cannot discover any way
left
open through which
the Secretary can avoid carrying out these provisions
The mandate in that case seems
if he has a surplus.
he must buy the bonds. If he cannot get
them at one price he must get them at another; but
get them he must.
He tried a lower price without
success.
After that his duty was clear. And by and
by, if he finds he is not oiferlng inducement enough
to the holders to sell, he must go higher or advertise
That is the position Congress has put the
for bids.
to be that
Secretary of the Treasury in, by passing these stat-
Government surplus
revenue ia locking up our bank reserves week after
week in the Sub-Treasury, and if allowed to go on
without this counter- movement would inevitably produce a panic? What his method accomplished towards relieving the country's industries in November
we showed last week, and it is worth repeating: his
eye3
is
Inafter speoifled, such sums as may be
iry for tl
same respectively: and such appropriations shall be deemed
*
*
*
*
permanent annual appropriations
which our bank-note system is so
plainly illustrating to day
a defect which causes the
volume of notes to contract when money is dear aud
They tell the
to expand when money is cheap.
public that the Secretary ought not to be offering so
high a price for the Government securities which
underly the currency; that his offer to purchase
raises the price of the bonds so high as to make it
more profitable for the bank manager to take them
up and Bell them, and so relinquish the use of his
currency privilege rather than continue it.
Even if that were true, what is the alternative the advice given would bring ? The claim
that his offer to purchase bonds should be
Is
put lower. Mr. Gage tried to get bonds at a less
price, but he could not.
Shall the Secretary shut
portant defect
his
There
receipts for duties on Imported merchandise a
payment of the publio debt, equal to the
bonds belonging to the sinking fund,
i
A
3688.
1235
the fact that the
utes.
But
aside
from
all this,
we do not
believe
it is
even
correct to say that the higher price has brought about
the conditions which led to the more active selling by
the banks of their bonds.
In the first place Secretary
Gage, in an interview published this week, said: "We
have not paid more than we paid under the offer of
April 10 last, when the prices were determined by the
average market value of bonds which had prevailed in
purchases of bonds turned out of the Sub- Treasury
$14,662,676 currency during that month. Where
would our banks be to-day had they not obtained this the New York market for several months." That
rolief?
The bank-note currency given up by the statement seems to be a sufficient refutation of the
banks in November amounted to only $1,986,428; so charge, and it can be confirmed by any one who
chooses to look over the market record. If Mr. Gage
it appears that even if Mr. Gage's action had been
accountable for it all, he would have supplied the is not paying any higher price now than he did in
channels of commerce with the large excess of about April, some other cause must be induoing sales to12| million dollars over and above the note retire day.
Why, then, it may be asked, did not the banks take
ment. Moreover, it is an interesting circumstance
that the process by which the bank notes are redeemed advantage of the April offer and begin to sell bonds ?
That question brings up the difference in conditions
is so slow in its action that there was actually that
month afloat no less bank notes on the last day of between that occasion and the present it suggests
the new force which has since then become active.
November than there was on its first day.
Then there is another fact which it is needful to This force is the radical change in the conditions of
remember. Even if Mr. Gage's purchases had oper- the money market throughout the country at the
ated to lessen the volume of the notes the banks have various monetary centres. The market has become
strained and discriminating. A good many borrowers
out, he is only doing what the law requires of him
he ia only carrying out the provisions of the Sinking have consequently had to pay high prices and others
Fund enactment. That enactment, as we understand have found it necessary to go outside the leading cities
the condition of legislation, contains the only author to place their loans. What determines the market at
ity (unless we include Section 3700, which authorizes such a time as the present is not call loans, nor time
him to purchase coin with any of the Government loans on prime security. It is the loans that are disbonds or notes) he has for buying bonds now and re- criminated against and those that are off color that
laxing the tension produced by the Sub-Treasury are a test of the state of confidence.
The rates for
those
are
higher
law.
It ie generally believed that the Sinking Fund
very high everywhere.
In our article last week we described the force of a
provisions impose as plain and imperative a duty upon
the Secretary as any of the statutory regulations for rise in the rate of interest on the action of the banks
the conduct of his department.
These provisions are to sell bonds and take up their currency. We said,
found in Sections 3694 and 3689 of the Revised Stat- quoting in substance from Secretary Gage's report,
utes, which we think it needful to quote because just that a national bank with bonds ruling at present
now a harmful obscuration seems to have dimmed the prices, and doing business in a locality where the rate
mental vision of not a few as to the Secretary's duty. of interest is 4 per cent, can secure on note-issuing an
Section 3694. The coin paid for duties on imported goods advantage equal to only seventy hundredths of one
shall be set apart as a special fund and shall be applied as per cent per
annum, while in a 6 per cent locality
—
—
follows
First.
*
*
*
******
#
Second. To the purchase or payment of one percent urn
of the entire debt of the United States, to be made within
each fiscal year, which is to beset apart as a sinking fund,
and the interest of which shall in like manner be applied to
the purchase or payment of the public debt as the Secretary
of the Treasury shall from time to time direct.
the profit
is only fifty one- hundredths, and in an 8
per cent locality it is only thirty one-hundredths. We
thus learn what a trifling margin of profit has for
some time existed for retaining circulation. The in-
variable
rule
closed to be
that prevailed was likewise thus dis-
—the higher
rate of
interest the less the
THE CHRONICLE
1236
profit
and the lower the rate
of
interest the
[Vol. LXXIII.
greater
proposition as the use of private capital in holding the
supposed mass of unsold copper has been made.
This brief statement contains a complete [exposiTrade figures based on American producers' retion of the whole movement now in progress with turns show that in the first ten months of 1900 this
reference to the matter we have been discussing; note country's copper production was 223,387 tons, of
the trifling benefit which theretofore pertained to the which 138,881 were exported leaving for the period's
bankg in taking out currency, the added motive for American consumption a total of 155,500 tons. But
selling bonds and giving up currency which higher rates the same statistics for 1901 Bhow a slight increase in
for money would afford the bank manager, the radical American production for the period and a decrease
change that has taken place in the money market, the of 60,755 tons in copper exports. It will readily be
more eruptive form of which now exists; all these con- seen in how large a ratio purchases by home consumtribute, each its part, to make clear the demonstra- ers must have expanded, if it ia to be supposed
tion that it is not the Secretary's purchases of bonds, that all this sixty thousand tons has been abbut the higher rate of interest, that is furnishing the sorbed in domestic industry. It is hardly neoessary
motive which has set a-going the retirement of circu- to argue that American use of copper this year has
lation by the banks.
not been greater by 40 per cent than in 1900. And
as a matter of fact the later reporting months would
have had to show an even larger ratio to prevent an in-
the profit.
—
;
THE GUI IN COPPER
The reduction
of
creasing idle stock.
1£ or 1£ cent per pound in the
the figure maintained
which
October, the last
full returns are
accessible,
of 4,666 tons in
exports, against
by the Amalgamated and its selling agents, throughout this autumn's long struggle in the copper market,
consumption
of
10,662 tons last year.
question
the
new and highly interesting
For ourselves, we look upon the move as altophase.
gether wise, and in fact as the abandonment of a very
unwise policy. It is at least a recognition of trade condiand presumably indicates a willingness to adjust
the market to such conditions. We have no great faith
in the reports of a fight between large producing companies, home or foreign, any more than we have had
in the reports of a world-wide agreement through
which prices could be artificially and permanently
The important point is that the rational
sustained.
policy of adapting the market to the real situation of
consumers seems now to have been adopted, both here
tions,
and abroad.
We do not have
to look far to learn
joint with the copper industry.
what
is
out of
Stated briefly, the
well-known facts are that consumption of copper in
Europe had suddenly contracted something like fifty
per cent from that of a year ago; that European copper imports from America and the European price for
copper had fallen about as would usually be expected under such circumstances; but that in the
face of this foreign movement neither production nor
price had declined to any appreciable extent in the
United States. It seems to us that, in defining these
simple factors in the situation, we have described an
unusual and in some regards an unnatural position.
Nothing that has happened during the past three
months in any branch of the copper market, can be
deemed extraordinary when these fundamental influences were at work.
Two arguments, now familiar to the financial world,
have been adduced to show that the situation was not
It has been pointed out that the
really artificial.
American industries which use copper are consuming
as much as they consumed a year ago, or more.
It
has further been intimated that interests connected
with the Amalgamated Copper Company were powerful enough to take care of any accumulation of unsold
copper, however large. There was an element of
truth in both suggestions. Bat it has been rather
—
excess
of
stock
capital
exists,
it
must be provided,
this
used
is
for
showed a decrease
an apparent home
price of copper yesterday from
brings the situation into a
month
to
obvious
As
for
the
what
enough that
sustain
has thus far apparreducing the dividends of
as
been done, by
copper companies. For since production and prices
have remained the same, profits too would have been
ently
unchanged if increase in home consumption had
made good the loss in export trade, or if outside
capital had bought up the companies' surplus copper.
But as a matter of fact, dividends of the copper comhave been substantially cut already. It is
therefore obvious that the companies have not disposed of their surplus stocks. This seems to us an
unquestionable fact in the situation; we have gone
thus fully into a demonstration because of the curiously fallacious notions which have prevailed upon
panies
the subject.
But recognition
was far from clearing up
the perplexities of the matter. If an indefinite increase in American copper consumption were assured,
the disposition of the present unsold supplies, at
the recent official price, might have been predicted with some assurance. But an increase as
great as we have shown to be necessary is not in
—least of
of the facts
the face of a policy of holding
prices at the highest.
If, on the other hand, Europe's
consumption of copper were likely to rise again to the
sight
all in
volume of a year ago, the retention of an unsold stock
might have been looked on as only the bridgingover of an awkward interval. But unfortunately,
neither the present European situation nor the
present European copper market indicates any such
sudden reversal of the situation. Probably trade in
European industries using copper is somewhat better
now than it was a month ago. But the best opinion
still
holds that the
much
too rapid extension of the
Germany, France and Russia
during the past two years must be followed by a more
or less prolonged period of conservatism and reduced
purchases. These are the factors in the situation
which have made the American copper outlook so
electrical industry in
perplexing.
generally overlooked first, that in order to use all the
One of the curious facts in the present position of
copper accumulated by the decrease in export orders affairs is the actual increase in European produc(home production remaining unchanged) American tion in the face of the decrease in demand. The
consumption would have had to increase something trade estimate of Europe's copper output for October
like 40 per cent over 1900, and, second, that no such showed an increase over 1900 of 1,040 tons, and for
December
14,
THE CHRON1CLK.
1901.
the ten months an expansion of 9,532 tons. This is
an enlargement of 10 or 12 per cent, and naturally
controlling the
The statements
1237
management
of
all
the properties.
of the roads west of Buffalo cover the
adds to the perplexities of the situation. It at least full twelve months of the calendar year 1901. The
suggests that foreign producers have been taking ad- New York Central figures are for the six months from
vantage of the arbitary maintenance of the price in July 1 to December 31, that company's fiscal year
For these six months the comthe United States, to recover, even in the depressed ending with June.
state of the industry, a part of the European trade pany is able to Bhowan increase in gross of $3,510,000
which had lately been controlled by Ameriean export- (in face of the smaller grain movement, owing to the
We presume that this fact is the ground for the year's crop shortage), an important gain having come
ers.
current reports that the chief European producer, the in the passenger department as the result of
Rio Tinto Company, is being urged to conclude an the Pan-American Exposition at Buffalo. The inagreement for the restriction of its output. We do crease in net is also quite satisfactory, but amounts to
not profess to know what truth there waB in'the reports only $758,000, heavier expenses having consumed
of these negotiations, nor do we know what induce- $2,752,000 of the $3,610,000 gain in gross.
In the
ments could be offered for the surrendering of what case of the lines west of Buffalo we can only infer that
the augmented expenses represent increased improvewould seem to be a legitimate trade advantage.
It does appear to us, however, that an international ment Outlays, as the returns in those instances conagreement to sustain an arbitrary price, in the face tain no explanatory remarks. In the Central case,
of existing conditions in the trade, would be danger- however, there is a foot-note which tells the whole
What would be the story. The note says that " during the current six
ous, if not immediately futile.
effect of such a policy on the American copper-con- months there has been included in operating expenses
suming industries may perhaps as yet be doubtful. the sum of $2,580,000 for new equipment, construcBut its effect on European industry, slowly recover- tion and betterments, as against $958,000 for the coring from its almost complete collapse, would be most responding period last year."
Here we have an official statement that $1,622,000
deplorable.
That it would cause, in the meantime,
an unnatural increase in production from every more was spent for improvements and betterments
source outside the combination, is proved by every than in the same six months of 1900, and that $2,580,similar chapter in the previous history of the 000 was spent altogether in that way the one equal
pe* cent on the Central's $115,000,000 of
trade.
The apparent abandonment of the under- to nearly
taking, if it really was proposed, seems ^to] us alto- stock outstanding, and the other equal to 2£ per cent.
Shareholders received 2£ per cent on their stock in
gether fortunate.
these six months (calling for $2,875,000) the same as
in the corresponding six months of the previous year.
THE REPORTS OF THE VANDERBILT Over and above the requirements for this purpose there
ROADS.
is a surplus for the current year of $3,003,100, which
The returns submitted the present week for the compares with a similar surplus in these six months of
various Vanderbilt properties make gratifying exhib- 1900 of only $2,262,115.
The six months in quesits, and show what a strong position these properties tion usually constitute
the best half of the year.
hold on their merits irrespective of any arrangements Nevertheless it is interesting to observe that with
looking to a closer union or consolidation such as the improvement in net which has been estabrumor has been so long suggesting.
lished, the full year's dividend of 5 per cent was
One characteristic feature is observable in the case earned in the six months of 1901. Actually, more
of all of the properties.
We refer to the fact that the than the full 5 per cent was earned, the exact figure
well known policy of making extensive improvements, being 5*11 per cent.
This is the result, too, as we
additions and betterments, and paying for the same have seen, after an expenditure of $2,58OJJ0O (equal
out of earnings, is evidently being pursued with even to 2£ per cent upon Central stock) for improvements
greater vigor than before. There has obviously been and additions.
no attempt to make a large showing of net earnings.
When we come to the Lake Shore we can only say
If there has been any purpose at all as far as the net the results are marvelous, having few if any parallels
is concerned (which may be doubted) it must be conAt latest dates the
in American railroad history.
sidered that the desire has been to have the amounts New York Central held $45,289,200 of the $49,466,appear small rather than large.
This conclusion 500 stock of the Lake Shore. On these holdings the
—
H
follows from
the fact that while the additions to
Central has been receiving dividends at the rate of 7
per cent a year, and these dividends at that rate are
the gross earnings on practically all the roads have
been very considerable, this has not been attended by included in the results of the Central for the six
proportionate additions to the net earnings. The in- months above. But the Lake Shore really earned
creases in net are either comparatively trifling, or else more than twice the 7 per cent during the calendar year
there
is
a positive decrease.
The Michigan Central
has added $1,582,000 to gross earnings, only $256,000
to net earnings.
The Lake Shore, with gross enlarged
by $2,890,000, actually shows $88,000 loss in net. In
the case of the Lake Erie & Western, where the
change in gross earnings has not been very great (an
increase of $86,000), there is a falling off in net in the
sum of $202,000 by reason of the augmentation in expenses representing unquestionably heavy improve-
ment outlays.
The New York Central return
capital illuBtration of
1901, and that after extraordinary contributions outjof
earnings for new property. As already stated, the Lake
Shore return does not say how much was spent during 1901 for new equipment, new track and new construction, but in 1900 the amount so spent waa $3,071,999.' As the expenses of 1901 increased $2,979,000
over those of 1900, with an increase of $2,890,000 in
gross earnings, the outlays for new property in 1901
must obviously have been even larger than the sum of
the extraordinary appropriation in that way in 1900.
itself
furnishes a
the underlying policy which
is
In face of these outlays the income statement shows
14'47 per cent earned for the stock during the twelve
THE CHRONICLE.
1238
months. The amount so earned in 1900 was 13 46
per cent.
The additional one per cent made in 1901 represents the increased amounts received by the Like
Shore on its holdings in the shares of other companies.
It will be noticed from the comparative statement
given immediately below that there was a further
reduction in 1901 in the company's charges for interests, rentals, &c.
This further reduction, howiver,
unlike that of the years preceding, can not be
ascribed to the savings resulting from the refund'
ing of the company's funded indebtedness. The
charges as given are stated net that is, after
allowing for income from investments, &c. and
the decrease of nearly six hundred thousand dollars in
-
—
—
the net total of these charges has evidently followed
from new and enlarged dividends on the investments
in the other companies.
It will be remembered that
in 1900 the
company acquired $11,224,000
of the
com-
mon
stock of the Cleveland Cincinnati Chicago & St.
Louis Ry. and $5,940,000 of the common stock and
$5,930,000 of the preferred stock of the Like Erie
Western,
paying
for
the
combined
&
acquisitions
[Vol. LXXIII.
out of the earnings of 1901, against 2 per cent in 1900.
Michigan Central shows 627 per cent earned on its
stock, but that company keeps dividends on the basis
of 4 per cent per annum.
COM1IINEI)
EAKMSGS OF MICHIGAN CENTRAL AND CANADA SOUTHERN.
Gross
Earnings.
Years.
1879.
Operating
Expenses
and Taxes.
1. '..01.21"
2,582,12'!
2,899.
2,:<7
12,457,091
9,20-
3,1H
14,009,707
9,741,089
4,21'.-
11,669,077
10.707,394
9,014,603
1882
1883
1881
*
TinUince.
its.
9,404,41.",
8,215,092
12,8 '3,591
13,77
13,786,925
!
I
i
1,915
12,20
14,164,490
..
and
Jient
1,240
1881
:
ings.
%
2,018,166
1880.
!
Interest
Net.
t
8,208,112
7,11"
10.4H
12,791,428
1880
1887
1888
1889
1890
1891
1892
1803
1894
1895
1896.
1897
18^8
1S99
1900
1901*
,
I
1
.679
9.87
10,086,608
9,80
1,.-,.-,i
I
527.
2.480,602
708.483
2,433,416
1,834,712
61,343
!,791
2,688,608
2,666,753
0.148
2,576,985,
1.314,101
4,280,244
2.535,930
1,753.311
3,663.9171
3.891,767i
2,621,092
2.512,527
1.379,21'!
1,10-
14,490,712
10,731,754
8,788
2.454,332
1,304,626
15,162,960
11,107,509.
M56.S91
2,
3. '.237
1,610,1 "1
16,906
l>,O10,095i
8.862,198
1,863
1,157.835
16,178,031
12,287,7921
£60,289
2,101,804
1,488,435
12,534,013
10.' 51,420
9,144,1081
3,439,905
2,401.18*1
1,038.721
10,183,2311
3,468.189;
2,402,
1,066,988
13.821,011
10,392,3;o|
3,429,264
2,334,665
1,034,699
13,697,239
10,249,5101
3.447,729
2,415,024
1,032,705
14,046,149
10,545,972
3,500,177
2,419,935
1,080,242
15,504,062
12,004,116
fl,49S,94«
2,414.286
1,085,661
16,73 ,131
1^,312.000
13,2i9,49'
3,500,641
3.75* 000
2,401,218
1,093,423
1.300.000
14.5-^.000
1
2.466.0)0
Partly estimated.
from
surplus earnings, leaving $0,000,000 still due, of which
$2,000,000 was paid in 1901. Lake Erie & Western pre- GOLD AND SILVER PRODUCTION OF THE
WORLD IN 1900.
ferred stock received 4 per cent in 1901. The Big Four
Company paid 1£ per cent on its common stock in
We are indebted to Mr. George E Koberts, Director
March, increasing the distribution to 2 per cent in of the United States Mint, for advance copies of the
September. In March 1901 the Lake Shore also for Bureau's compilations of the world's production of
the first time received a dividend (2 per cent) on its gold and silver for 1900, from which we have prepared
tae subj nned tables.
There is but a slight difference
$6,275,000 2d preferred Btock of the Nickel Plate Com
pany, the 1st preferred stock of that company having between the present total and the results we gathered
Or to
previously alone netted a return. Altogether, the and presented to our readers in February last.
made
state
the
exactly,
the
returns
now
case
Mint
Lake Shore's income from these various investments
public make the amount of gold mined in 1900 to
was increased very considerably.
$12,958,082, of which $6,958,082 was
taken
be 12,366,319 fine ounces, valued at $255,634,500,
LAKE SHORE & MICHIGAN SOUTHERN'S INCOME.
Gross
Earnings.
Tears.
18S0
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1397
1898
1899
1900
1901»
*
Operating
Epenses
Fixed
Earned.
C
10,418,105
8,331,356
2,750,371
17,971,391
11,278,429
6,692,962
2,725,375
18,225,639
11,057,807
3,027,000
18,513,156
11,001,85)
7,167,832
7.511,802
14,843,684
14,133,506
9,133,522
5,710,062
3,720,670
9,287,537
4,845,969
3,867,456
15,859,455
9,731,622
6,127,833
3,712,975
18,710,963
11,029,798
7,681,165
3,649,645
18,029,627
11,310,371
6,719,256
3,608,391
19,187,196
12,847,451
6,639,715
3,423,469
20,965,760
14,220,481
6,645,279
8,344,735
21,431,387
14,632,676
0,798,711
3,359,251
22,415,382
15,803,190
17,123,913
6,612,192
3,375,361
6,562,020
3,365,376
13,186,067
6,371,802
3,402,863
14,568,220
6,447,815
3,419,500
19,557,869
21,016,035
3,498,806
20,193,958
13,726,155
6,467,803
3,445.403
20,297,722
20,753,683
23,613,94r
13,542,491
6,755,231
3,009,972
13,928,019
6,825,664
2,802,439
15,882,145
7,781,801
2,724,539
26,466,514
17,307,795
9,158,719
2,600,289
29,366,000
20.28 ',000
9,070,000
1,910,000'
|
I
Results for
of $100.
Charges.
and Taxes.
%
18.749,461
23,685,933
Dividends per Share
November and December
t
11 28
8 02
8 37
8 11
4 02
1 98
4 88
8 15
6 29
6 50
6 67
6 95
6 51
6 46
6 00
6 12
6 11
7 57
8 13
10 23
13 46
14 47
Paid.
$
8 00
8 00
8 00
8 00
5 00
2 00
4 00
5 00
5 00
6 00
6 00
6 00
6 00
6 00
6 00
6 00
6 00
7 00
7 00
7 00
7 00
partly estimated.
In the case of the Michigan Central, all improvements and additions to property have likewise for
many years been paid for out of earnings. As we
have pointed out on previous occasions, the policy
seems to have been to appropriate all the available
earnings in that way except just about enough to pay
the usual dividends on Michigan Central s'ock. During 1901, however, some increase in net earnings oc
curred ($256,000 as we have seen), and the Canada
Southern's proportion of this was sufficient to enable
that company to increase the semiannual payment
due next February to 1£ per cent, as against the 1 per
cent paid at previous semi-annual periods. In other
words, Canada Southern stockholders get 2£ per cent
whereas in the Chroxice of February 16, page 314,
we put the yield at 12,501,822 fine ounces, valued at
$258,435,164.
The
final official total of
but a
gold yield for the United
than the approximate result
that Director Roberts made public in January last.
Consequently the various States occupy the same
relative positions as indicated in our February compilation.
The gain over 1899 for the whole country is
shown to have been 392,68? fine ounces, of which
nearly 36 per cent came from Colorado mines and
States
is
trifle lees
over 33 per cent
from Alaska.
California
decrease from the previous year and
yield
is
now
little
more than
its
exhibits a
aggregate
half of that of Colorado.
Arizona and Utah record important additions, and some
measure of increase is to be found in the returns for
most of the remaining States. A not unimportant fact
is that the United States again leads the world as a
gold producer.
The Bureau's figures for other countries indicate,
with a few exceptions, a continuing tendency toward
enlarged production. Of course as a result of the
war Africa shows a decidedly meagre yield compared
with 1899 and for the time being at least has fallen to
Australasia's
a very inferior position in gold mining.
output has decreased to a moderate extent. Canada,
with a gain of over 30 per cent, has moved up to third
position, passing Eussia, whose product has again
declined appreciably. The greatest development in
1900 has been in Korea, where the yield has been
augmented to the extent of 147,108 ounces, or over
200 per cent. The details for 1900, re arranged by us
December
THE CHRON1CLF.
1901.
11,
1239
EO aB to give the countries in the oider of their prom-
sink into insignificance alongside
inence as producers, are herewith appended, compari-
and all-pervadin? influence.
made with
this
all-controlling
Nevtrthehes
it
im-
is
Only thosejcountries pro- jortant to note that in the case of some of the Westducing a value of $2,000,000 or more injthe last year ern roads there was also the advantage arising from a
are stated separately.
larger grain movement, and in the case of some of the
WORLD'S GOLD PRODUCTION.
Southern roads the advantage of a larger cotton
-1900.
1899.
movement. The grain movement, however, was not
Value.
Finr ouitrm.
Fine ounces.
Vttlue.
United States.... 3,829,897 $79,171,000 3,437,210
171,068,400 uniformly larger.
The increase came mainly on the
Australasia
73,498,900 3,837,181
3,555,506
70,821,600
movement
in
the Northwest.
springwheat
The
Canada
1,031.563
1,348,720
27,880,500
21,324,800
Kussla
20,145,500 1,072,333
974,537
92,167,100 previous year, it will be remembered, the springBritish India
'.1.435,500
456,444
418,869
8,658,800
wheat crop had been very short, and the leading
Mexloo
*9,000,000
son being
1899.
.
435,375
419,503
269,662
217,687
202,337
161,104
103,615
22,505
242,634
126,293
Afrloa
China
Korea
oGulana
Brazil
Austria-Hungary.
Other European..
Other So. Amer'n.
All oth'r countries
Totals
,
8,671,900
15,574,400
4,500,000
4.193,000
3,330,300
2,141,900
465,200
5,015,700
2,610,700
411,187
3,532,488
269,662
70,579
208,826
103,983
94,037
14,562
248,778
108.027
12,366,319 $255,634,500 14,859,585
*8,500,00O
73,02:;.'
roads with lines in that part of the country, like the
I
5,57-1,100
Northern Pacific, the Great Northern, the Canadian
Pacific and the " Soo," Buffered a heavy reduction of
1,459,000
1,316,800
2,149,500
1,943,900
their revenues as a consequence.
with
301,100
5,142,800
2,233,100
$307,168,800
Estimate of Mint Bureau.
t Figures for 1899 repeated.
a British Guiana, 98,487 ounces; Frenoh, 76,468 ounces, and Dutch,
27,882 ounces, a total of 202,837 ounoes, in 1900; against British,
98,712; French. 81,691, and Dutch, 28,423 ounces, a total of 208,826
*
the harvest exceptionally
The
present season,
abundant and
the
movement over the roads correspondingly enlarged,
these systems show noteworthy gains in gross receipts
— far in excess of the previous year's
cating the contrast
in
As indi-
losses.
the particular mentioned be-
tween this year and last year, we may note that at
Minneapolis the deliveries of wheat for the four weeks
The world's production of silver in 1900, according ending November 30 the present year were 11,729,550
to the Bureau, was 172,838,870 ounces, or only about bushels against 8,192,083 bushels in the same four
1,400,000 ounces less than we estimated the total in weeks of 1900, and that at Duluth the deliveiies were
February last. This aggregate compares with 167,- 7,197,758 bushelp, against 2,876,635 bushels.
577,533 ounces in 1899 and 169,055,253 ounces in
On the other hand, in the case of the corn move1898.
The United States has also assumed the had ment as would be expected In view of this year's short
in silver production, being followed very closely by ciop of that cereal
there was a marked shrinkage,
Mexico. Next in order are Australasia, Bolivia and the receipts for the four weeks the present year at
Peru.
Canada has improved her position materially, 8,965,133 bushels contrasting with 15,300,669 bushels
but Colombia has fallen back considerably. The de- last year. As against this, howtver, the oats movetails for 1900 make the following comparison with the ment was again larger.
Combining wheat, corn, oats,
ounces, in 1699.
—
revised results for
1899.
We
give separately only
barley
—
and
rye, the
receipts for
the four weeks the
those countries producicg more than 2,000,000 ounces
present year aggregate 56,673,890 bushels,
in either year.
47,916,557 bushels in 1900. The following gives the
details in our usual form.
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDING
NOVEMBER 30 AND SINCE JANUARY 1.
MOULD'S SILVER PRODUCTION.
—
J7»
Fine
ounces.
(Joining
value.
United States... 57,647,000 $74,533,500
Mexico.
57,437,808
74,263,000
Australasia
13,340,263
17,248,000
Bolivia
Peru
Germany
Canada
Chill
Spain
Colombia
Other European.
Oth'rSo. Amer'n.
AU oth'r count's.
*9,980,731
7,295,825
5,411,441
4,448,755
4,162,718
3,185,316
1,864,165
5,138,135
45,306
2,881,407
12,904,400
9,433,000
6,996,600
5,751,900
5,382,100
4,118,400
2,410,200
6,643,100
58,500
3,725.500
Fine
Coining
ounces.
value.
54,764,500
55,612,090
12,737,598
9,980,731
6,525,245
6,242,053
3,411,644
4,162,718
$'0,806,600
71,902,500
16,468,800
12,904/. 00
8 436,700
Onicaoo —
4 wks. Nov., 1901
t. Louie—
4 wks. Nov.,1901
4 wks. Nov. ,190o
Since Jan.l, 1901
Since Jau.l, 1900
167,577,533 $216,665,700
4 wks. Nov.,1901
12,452,940
3,521,563
5,074,962
391,856
2,699,633
172,838,870 $223,4€8,200
t
Figures for 1898 repeated.
Corn,
OaU,
Barley,
Rye.
(.buth.)
(bU8h.)
tbush.)
(tniih.)
(bush.)
863,83*-
2.63w,89>- 8,195.70* 2.447,850
4,941,748
2.87S.062
6.256.- 2
3.430.766 1,987,54;
47.4H7.075 80,584,24ft S4.961.217 12.*75,083
35.755.C0l 101,740,( 90 87,275,62V 16,098.692
S9» 821
Si68J
2.- 0.5W3
1,311,925
Milwaukee—
181,71
I
8.1.490
l,9ol.*25
l,692,4b0
9 8,376
991.180
19,725,3*
17,b41,iO:i
138,80
204.600
a,7>'8.60o
5,150,051
997,401
170,4 X
7.4«9,60i
8 093,3 J'
1.88fi,7flf
BIO/O
1,667. 2
71*,49i
1.838,351
•2,i81,f>0o
1*9 800
70.600
1,2*4500
10.548.4
13.967,05*
1,007,650
841, 603
80.000
237,760
1,740.999
18
920
1*,157,8'6 13,930.4-..
81.990,876 11,996,3.;
l,fc02.*50
616,250
410,261
776
f0.70O
231,51*
436,6u0
46.964
22.300
1,260.608
*57 957
335,fe80
63.762
nltdn-
8f5 2l4
421,612
473.45.1
2.8U.714
7,734,999
10.106.01.
7.8*11,11*
21,410,629
214.719
1*2, £0
6,239,410
5,478.605
248.519
350,84)
2.868,379
287,411
330,65
3,3*6,027
H£,8.»00
198.874
1S6.779
2,489,238
2,293,892
3,0013.1
3,1.01.74*
90,477
194,647
2,654.621
2,412.13'
F69.H0
47.327
179,72*
137.282
f93,*10
739.3*6
8.311.934
2,2 ii
wks. Nov.,1900
Since Jan.l. 1901
Since Jan.l, 1900
72,222
6T3,0ol
832,494
4
Figures for 1899 repeated.
Wheat,
Ibblt.)
3' 8,775
4 wks. Nov.,1901
1,878,4001
ar 6,976
680, 180
4 wks. Nov., 1900
11,311,851
Since Jan.!. 1901 2,763.30
B,b»7,545
Since Jan.l, 190,
8.329,4801
•
Totals
flour.
409.931
4 wks. Nov. ,1900
Since Jan.l, 1901 9,076,006
8,48
Since Jan.!. 1900
1, 695
8,070,500
4,411,0(0
5,332,100
3,171,500
4,553,100
6,561,400
£06,600
3,490,500
against
Detroit -
RAILROAD GROSS EARNINGS FOR
NOVEMBER.
Whatever the character of the conditions
time being in Wall Street, the gross earnings
for the
our
railroad transportation lines continue gratifying in the
extreme.
The truth of this statement is forcibly
brought out in the compilations we present to-day covering the month of November. This exhibit is of the
same encouraging nature as the extremely favorable
returns of the months preceding.
The
of
increase over
the corresponding period last year on the roads reporting reaches over 7f million dollars $7,812,310—
—
equal to more than 12 per cent; to be exact,
1222 per
cent.
27.80'
24,«0
829,07i
Cleveland—
4 wks. Nov.,1901
4 wks. Nov.,1900
Since Jan.l. 1901
Since Jan.l, 1900
1
J eorio—
135,000
wks. Nov.,1901
64,800
4 3,10i
97,800
wks. Nov.,1901
8f0.6*7
1,574,300
Since Jan.l. 1901
606,80,'
190<
750.871
Since Jan.l.
D iluth—
7.197.75*
4 wks. Nov.,1901
810.200
61' 2,000
2,876,635
4 wks. Nov.,1900
Since Jan.l. 1901 4.C84.686 34.789,992
Since Jan.l. 1900 4,02a, 2* 29,8- 6,2;
Minneapolis—
11,729 550
4 wks. Nov.,1901
21.9*.
8.192.083
4 wks. Nov. ,1900
7.20* 81,229,602
Slnoe Jan.l, 1901
76.419,303
835,13
SlnceJan.l, 1901
Kansas City—
1,868.200
4 wks. Nov.,1901
2.084.400
4 wks. Nov.,1900
26. 171.000
Since Jan.l, 1901
30,099,11*
Since Jan.l, 1900
1,073, 1 I*
930
'
8 870,174
11.224,477 11,091.017
930
.'
4
4
998.9o0
479,400
aio.6M
1 ,'.*7.06e 11.691,200
9,165.05'
16,091,150 10.823.60i
1.597,700
1,867,650
1,606,000
1.879
119
4,900.279
3,682.961
83
294.6
682,600
6,7i0 4U
5.199,621
1S17.60.
4'!4,30f
10.160.2^4
7,666.671
ill,
4"
899.14*
1,66
l,24J,16i
I.Sl
883,88
1.11-.7*
9,909,329,458,10-
861.00*
47".4»
21.600
14,660
910.600
113,600
2,6*4.766
114.171
118,511
975.411
628.V17
BC0.68'
639.421'
4.838.11*
4.638,ie(
168,680
45,329
1,122,940
£19.134
428.11'2,923,4.'.'
393.001
221,80
5.1
l.Ovi
2.806.5K
lotal of all—
The principal factor in
ment in revenues has been,
noteworthy improveof course, the wonderful
activity and steady expansion, long kept up, in the
volume of
4 wks. Nov.,1901
4 wks. Nov.,1900
since Jan.l, 1901
Since Jan.l. 1900
trade.
this
All other agencies and conditions
948.289
6.969.888;
8,965.133 11929.68
1.865.70- 28.881.0fl870,899
6.970.676
1S,5S2,719 15.S00.r,fln 7 691.6'-.
1.676.60
8,301
16130674V
7«7
31.917,141
162.283.25SlnceJan.l, 1901 19,918.326 215,028,166
Since Jan.l, 1900 19.S63.1 93 210.272, 18c 197.068.827 16076o86^ 41.401.374 4.900.118
4 wks. Nov.,1901
4 wks. Nov.,1900
1
1
Taking the movement at Chicago, the largest receiving point, by itself, and showing the figures for
THE CHRONICLE.
1240
the evon month, it is found that whilo this year's total
runs ahead of that for last year, it does not quite
came up to that for 1899. In brief, the deliveries at
with $62,996 decrease and the International & Great
Northern with $62,090 decrease, both due to the
smaller cotton and grain crops in the Southwest.
Chicago were
18,290,765 bushels in 1901, against
15,548,968 bushels in 1900 and 19,803,463 bushels in
PRINCIPAL CHANGES IN
Since January
November.
1901.
Wheat bush.
Corn... bush.
Oats... bush.
Kye ...bush.
Barley. busb.
1899.
1900.
Wabash
Norfolk & Western
8outhern Railway
N. Y. Central
1899.
8,262,872
6,418,836
8,390,290 48.240,886
6,783,748
36,403,741 23,419,341
80,659.628 101,297,799 127,111.030
fl.912.15i
7.147,291
87,029,456 103,763,848
401,974
8.786,047
89,439
2,669,760
2,048,274
84,644,602
182,641
2,802,042
2,299,596 13,053,170
Mlnn.8t.P.<fe8.8te.M.
St. Louis & San Fran.
1.
6,421,191
2.835.708
Choo.Oklahoma&Gulf
Central of Georgia....
Yazoo & Miss. VaUey
Chesapeake & Ohio..
Nash. Chat. &8t. Louis
Chic Great Western..
1,831,660
2,688,798
15,977,792 13,887,315
Buff.
487
666
Cutm'ts.lbs. 11,137,145
18,619,166
Lard
lbs.
Live hogsNo
5.697.846
979.026
851
8,886
4,157
3,191,216 64,173,865
849.272
606,946
7,872,704
Pittsb'rg
<fe
Pere Marquette
Seaboard Air Line....
1.472
We
14,826.289 158,240,944 177,264,648 179,838,418
4,434,972
Boon.
NewOr.&T.Pao.
Cin.
Total (rraln 18,290.765 15,548,968 19.803,463 289,600,228 241,610,488 276,755.385
Flour ..bbls.
888.617
609,896
8.397,870
633,648
8,995,919
6.067,437
Pork....bbls.
Clev. Lorain
Wheel.
Burl. Ced. Rap. & Nor.
51,493.719 67,905,460
7,876,234
7,910,745
$68,699
65,699
67,231
55,209
53,700
52,585
Grand Trunk System.
Wisconsin Central
Rio Grande Western.
Colorado A Southern.
Mexican Central
Mo. Kans. & Texas...
Chicago &. East IU
.
Ullnols Central
Louisville & Nashville
1.
1900.
1901.
&
Northern Pacific
$1,074,987
l,055,f>99
Ot. Northern System.
Canadian Pacific
757,340
Missouri Pacltlo
482,000
Baltimore & Ohio
389,370
Mil.
Ohio.
<& St. Paul
889, 1 3
annex the statement, which includes also
items
the
of the provisions movement and the arrivals
of hogs.
The la'oter were larger than in either of the
two preceding years.
RECEIPTS AT CHICAGO D0KINO NOVEMBER AND SINCE JANUARY
EARNINGS IN NOVEMBER.
Increases,
GROSS
Increase*.
We
1899.
[Vol. LXXIII.
854,<;92
272,263
267,648
240,092
207,983
150,041
139,008
132,403
131,944
120,835
116,431
102,214
91,170
82,088
81,424
79,915
69,242
68,941'
(30,882
50,868
50,195
46.946
42.902
38,617
37,800
36,863
84,654
Chic. Ind.
<fc Loulsv...
Miun. &. St. Louts
Mexican National
Denver
& Rio
Grande.
Iowa Central
Hooking Valley
Total (representing 43 roads).... $7,599,616
DccrcAiici
Louis Southwest...
lnternat'l&Gt.Nor...
St.
Total
"
$62,996
62,091
(representing
2 roads)
..
$125,087
annex our customary six-year comparisons of
The
the earnings of leading roads, arranged in groups.
showing made by the Northwestern group under the
The gain in the South in the cotton movement to
which we have alluded, inured mainly to the advan-
aid of the excellent spring-wheat harvest gathered the
present season cannot fail to attract attention.
ARNINOB OF NORTHWESTERN AND NORTH PACIFIC OROUF.
vantage of the roads on the Atlantic Coast. In the
Southwest there was a falling off, reflecting the
smaller Texas crop. In the aggregate the receipts at
the Southern outports were 1,365,652 bales, against
November 1900 and 1,057,083
1,159,963 bales in
November.
1901.
Burl.Oed.R.&No.
Oanadlan Pacific.
bales
Ohio. Ot. West....
Chic. Mil. &8t.P..
in 1899; but at Galveston the deliveries were only
356,394 bales, against 461,267 bales. We may say,
ft
Port*.
*
1900.
1899
bales.
gaiveston
Sabine Pass &c
New Orleans
Mobile
356,891
11.041
481,267
418.803
34,398
Penss-coia.&c
47,876
243,608
372,180
20,517
24,939
127,868
382.021 1,832,072 1.348,689 1,658.968
8.016
47,870
65.427
44,713
276.981 1,886,963 1,957,657 1,621,602
86,769
97,194
162,560 161,239
13.798 178,686
130,772 163,606
172,919 1,010,516
994,308 787,066
37,697
14,161
6,0?2
146,751
104,051
113,685
61.248
87.068
211
39,828
199,116
1,898
68.062
144
33,023
44,886
138
172
220,670
299
266,608
888
252,332
208,427
472
86,332
60.603
74,857
385,154
Savannah
Brunswick, &o
Charleston
Port Royal, &o
Wilmington
Washington, &c
Norfolk
Newport News, &c
4,014
018
6,918
Total
13.993
1901.
1,297
671,739
663
768
399,852
20.761
43,198
collectively) in
The record in
very striking, and the figures tell their
story so plainly it is not necessary to enlarge upon
the years immediately preceding.
own
is
0hesap.&
1901.
1
219,594
788,698
1,355,930
474,107
2,690.945
+556,40:
683,731
Ohio...
Cin.N.O.&Tex.P.
tiouis v. & Nashv.b
Mobile & Ohio....
^ ash.Chat.& St.L.
Norfolk & West..
Southern Ry.
Memphis Dlv
St. Louis Dlv
3
1.396,316
Total
Earnings.
Year
Tear
Year
Given.
Preceding.
Given.
Preceding.
Increaie
or
Decreate.
November.
(181 roads).
Miles.
100.645
(119 roads).
93,621
Miles.
(122 roads).
103,063
(111 roads).
102,397
1901(105 roads).
108,098
99,262
92,489
101,299
98,885
106,437
99,404
93,621
101,248
101,533
107,137
98,082
92,489
99.604
97,971
106,476
Jan.
1 to
1897
1898
1899
1900
1901
(124 roads)..
$
62,182,577
484,009,170
49,984,660
62,450,998
61,763,638
71,519,466
$
*
43,201,129 Inc. 8.931,448
47.797,184 Inc. 2,167,476
60,527.950 Inc. 6,928,048
60,472,021 Inc. 1,291,612
63,781,173 Inc. 7,788,293
Nov. 80
(119 roads)..
(115 roads)
(109 roads).
(98 roads).
488,819,995
588,608,315
628.094,633
708,260.819
453.164.948 Inc. 30,854,222
447,855,617 Inc. 33,404, 376
636 664,959 Inc. 52.038.366
672.650,791 Inc. 66 448,742
640,797,779 Inc.07A5S 070
In the case of the separate roads the gains the
present year reach in many instances imposing dimensions. The losses are few, only 14 out of 105
roads reporting, and but two of these are of considerable amount, namely the St. Louis Southwestern
Northern.
1898.
~1T~
677,291
169,842
621,362
1,253,76
1,121.445
1,020.123
394,192
440.097
2.418.682
+552,000
592,561
$
198,821
1,245,276
t
177,215
164,288
619.475
419,672
604,27£
1,007,605
335,482
876,036
280,248
2,487,171
2.099.094
1,811,650
1,741,812
+572,736
601 028
431,309
501,36}
1,174,758
1,006,956
395,749
468.451
909,956
557,780
364,830
403.769
908.739
1684179
134,856
116,964
454,816
8,451,462
7,623,510
(e2805147 c2.522.904 2,019.707
I
[
177,293
689,013
654,659
135,05b
664,363
12,112,761 11,018,330
10,783,438
9,504,935
805,444
1896.
1897.
136.739
Includes Montgomery Division for these years.
Includes Paducah & Memphis Division in these years.
Freight on material carried for company's own use Is no longer credited to
earnings, the item haviug been eliminated from both earnings and expenses.
The figures for 1901 and 1900 are given on this basis.
c Figures for 1901, 1900, 1399 and 1898 include South Carolina & Georgia,
Mobile & Birmingham and 161 miles of Atlantic & Yadkin and Atlantic &
+
i
t
ft
Danville.
BARNXN08 OF MIDDLE AND KIDDLE WESTERN ROADS.
Ann
Arbor....
Buff.Roch. & Pitts
Chicago
1897
1898
1899
1900
&
$
201,440
617.86J
I
November.
Mileage.
1899.
1900.
jc3.192,606 c3,053,698
Tazoo&Miss.VaL
them.
Tear
404,091
18.62-J,939 14,764,599 16,973.214 14,235.884 13.443.513 10,813.829
Gent, of Georgia..
4,801
183,635
869,867
4,022,687
$
t
f
423,809
427,874
838,727
2,624,497 2,640,451 1,984.634
476,951
474,147
819.848
3,500,449 8,828,447 2,788.621
132,996
127.692
101,376
t2.719.909 2.312,438 2,016.299
126,019
184,606
167,841
Includes proprietary lines Id these years.
In these years includes the earnings of Spokane Falls
Alabama Gt. So..
reader need not be told that the improvement
in earnings shown the present year follows continuous
all
3,788.006
176.128
November.
The
this respect
567.018
4,177,187
1896.
1897.
EARNINGS OF SOUTHERN GROUP.
1,366.652 1,159,863 1.057 . 083 8,031,608
8.031.608 5.676.798
5,675,798 3,209,0 23
improvement (speaking of the roads
2,748,660
639,106
1899.
1900.
14,919
8,606,000
f
441.290
2.977,404
650 397
1898.
222.665
217,781
170.194
623,692
4 65,746
477,148
297,692
Horth'n Pacific. \
68,052.613 b2.903.704 2,840,4-8 1,682,895
64,098.609 63028522(
206,658
162,413
St.Paul& Dul.
201,289
188,060
113,314
8t.Jos. & Gr. Isl..
69,690
106,085
88,833
110,686
113.758
484,119
381,066
Wlsoonsin Cent'l.
416.556
386,775
408,395
471,674
1.
1901.
t
336,824
M.8t.P.&S.S.M.
Total
Since January
1
451,023
Duluth S. 8.4 At 1.
204,896
217,888
Great Northern.. $3,770,416 t2,714,817 t2.946.186
178,391
196,995
215,264
Iowa Central
Mlnn.A St. Louis.
273,269
316.161
260,072
moreover, that the shipments overland were but 325,892 bales, against 383,540 bales, the falling off again
reflecting the smaller yield in the Southwest.
RECEIPTS OF COTTON AT SOUTHERN I ORIS IN NOVEMBER, AND FROM
JANUARY 1 TO NOVEMBER 30, IN 1901, 1900 AND 1899.
November.
1899.
1900.
& Bast 111.
Central *
Pere Marquette...
Plttsb'g* West'n.
St. L. Van. & T. H.
Tol. & Ohio Cent.
Tol. Peo. &West.
Illinois
.
L.& West.
Wheel. * L.Erie..
Clev. Can. & So
Total
1898.
1897.
f
168,662
619,822
1
146,697
t
153,610
413.231
1
129.995
119,616
t
96,380
822,100
413,408
280,743
301.89S
331,453
226,187
149.065
86.053
81,985
115,959
442,430
3,497,53.
725.3C3
•315,640
176.741
233,661
99.142
215.121
438,398
472,174
439,735
330,072
360,622
160,490
170,323
115,766
119,405
407,776
359,563
3,142,838 8,821,763
643,428
656,081
314,969
304.3S8
159,077
167,415
812,866
199,338
92,457
80,623
198,956
179,562
340,710
407.995
.
c
\
292,600
7,920,990
265,181
239,109
<
7.113,263
6,638,093
1896.
874,109
138,833
106.564
281.764
293.615
263,951
2,563,749
2,663,709
1.869,566
+530,160
235,346
151,106
187,203
79,191
186,518
136,634
63.730
+31C.228
288,869
139,509
186,644
87,806
199,160
+410,919
227,332
119,291
165,010
66,109
212,137
92.101
66.154
5.913.617
94,865
146,473
68,138
6.866,877 4,596,689
Figures for fourth week of November, 1901, not reported; taken same as last
year.
*
1899.
229,189
Tol. St.
•
1900.
522,369
377,018
Chic. Ind. & Loulsv.
Clev. Lor. & Wheel.
Evansv.&Terre H.
Hocking Valley...
1901.
St. Louis Alton & Terre Haute for all the
The Chesapeake Ohio & Southwestern and Ohio Valley are included for
Includes the operations of the
rearB.
1901. 1900. 1899, 1898 and 1897, and Chicago & Texas for 1901. 1900, 1699 and
1898. Results on Yazoo Branch are not Included for 1901, 1900, 1899 and 1898.
+ These figures are simply the totals of the Chicago & West Michigan, Detroit Grand Rapids & Western and Flint & Pere Marquette combined.
December
THE CHRONICLE.
14, 1901.]
1241
EARNINGS OF SOUTHWKBTKBN OBODP.
November.
1900.
leoi.
•
1899.
Choo.Okl.&G.
480.335
D«a.4KHKlr.
9P8.100
•
859.391
960.S0O
No..
473,594
636,616
Int.*
Mo. K.
(it.
1897.
1896.
816.839
b4«,U06
116,980
808,165
480 143
609,760
390.H32
431,089
169.189
A Tex
1,674,768
1,688,884
1.808,606
1,961,310
1,414,305
1.096.948
3,405,000
9,983,000
8.831,381
8.684,908
2,623,807
1,066,169
458,600
803.900
891,081
800,001
816.291
f
1.818,787 )
689.867
628,613
888.098
660.680
617.6(10
446.887
019,669
466.168
(
68,596
75.749
78,319
34.971
West
Bt. L.
v
A
( 1,858,879
F.W.iB.Or.
St.L.
)
Southw.
ftxaj*
Pao.
Total
888,070
737,966
800,964
1,190,118
1,176.896
696,284
910,645
634.880
954,709
659,331
957.777
764,340
11.1S1.970
lP,e96.737
8.WJS.934
8,494.794
8.394.284
6,677.377
470,736
BABNING8 OF TRUNK LINES.
November.
1000.
1001.
1800.
603,096
2,183,216
405,681
1,602.658
1,840,601
1,209,470
1,010,841
204,571
167,298
1.817,038
208,498
148,418
114,394
1.882,635
1,618,509
4,275,745
240,258
88,810
4,061,3*2
1,410,461
1.212,452
1,061,288
249,645
76.358
3,936.478
006,843
13.701.257
18.162,618
11.440,601
10.643.792
3.886,841
8.451,680
1,621.708
1.603.3S8
800,073
804,071
8,464,9901
8.407,068
91,005
80,588
5,887,015,
5,704,612
4,705,408
1,630,571
1,431,583
16,047.177
15,836,843
'
'
|
D.Q.H.AM
N.Y.C.A H+
Wabash....
Total.
t
A Albany
Boston
the Wiilikill Valley
May
1,
•
8,254,711
534.783
8.464,3 S0
4.874,611
\
1806.
$
•
Bal.
C.C.C.AStL
Peo.&East
O.T.of Can.
Gr.T.West
1897.
1808.
~~t~
t
* Ohio
B.AO.S.W
1901.
1896.
Mo.P.Alr.Mt.
B. Or.
8.038.088
826.640
Included only In 1901 and 1900; the Beech Creek Bit. and
BB. for all the years, and the Fall Brook system after
Gross Earnings.
1901.
$
1900.
219,594
$
201,440
184,381
99,390
98.901
158,662
56,012
11.344
19,530
176,177
94,162
92,764
146,697
39,264
6,171
20,260
4,274,611
3,885,241
+389,370
4,187
438,398
385,324
2,748,660
617,863
8.063
1,253,706
472,174
557,018
330,072
3,788.006
124,132
117,253
358,891
y243,675
1,603.368
204,971
160,490
423,415
87,040
960,300
103,218
176,123
12,196
29,399
115,766
104,429
+753
A Florida
4,940
519,822
451,023
3,506,000
733,698
7.737
1,355,920
522,369
639,106
877,018
4,177,137
123,727
129,097
490,335
y299.984
1,621,708
209,973
229,189
476,000
96,065
998,100
107,573
204,895
17,297
25,748
115.959
97,046
Gr. Trunk of Can...)
Gr. Trunk West.. }
2,464,299
2,407,068
3,122,441
546,980
100,995
442,430
3,497,530
12,665
473,524
2,172,948
383,158
158,711
407.776
3,142.838
8,282
535,615
2/218,300
1/231,260
215,251
6,477
88.277
29.218
56,062
2,690,945
11,808
4,275
1,452,171
601,159
178,391
4,342
73,318
36,214
52,802
2,418,682
9.623
3,208
1,401,289
565,542
y259,600
Alabama Gt.South'n.
+18,154
310
810
A No. East.
Ala. A Vieksb
Vioksb. Shr.&Pao..
+8,154
+5,228
196
143
+ 6,137
188
292
228
196
143
188
292
228
71
118
Atlanta Knoxv.ANo.
Atlantlo A Birm'h'm.
Atl. Valdosta A W...
Ba'timore A Ohio.. >
Bait. & O. So'wn. J
Bellefonte Central.,
Buff. Rooh. APittsb..
Burl. Ced. R. A No...
Canadian Paolflo
Central of Georgia..
Chattan. Southern...
ChesapeaKe A Ohio
Ohio. & East Illinois.
Ohio. Great Western.
.
Chic. Ind. A Lonlsv.
Ohio. Mil. & St. Paul.
Chic. Peoria A St.L...
Ohio. Term. Tr. RR..
Ohoo. Okla. A Gulft.
Cin.N.O. ATex.Pao.
Clev.Cln.Ch.A8t. L..
Peoria & Eastern ..
Olev. Lorain A Wheel.
Colorado A Southern.
Ool. Sand. & Hook'g..
Denv. A Rio Grande.
Detroit Southern
Dul. So. Shore A Atl.
East St. L. & Caron.
Evansv. <fc Indianap.
vansv. A T. Haute.
Ga. South.
Det.Gr.Hav.AM.)
St. No.— 8. P. M. A M
Eastern of Minn...
Montana Central..
Hocking Valley
Southern...
tnternat'l A Gt. No..
Interooeanio (Mex.)..
Iowa Central
Illinois
Kanawha A Mioh
. .
Lehigh A Hud. River.
Louis v.Hend. A St.L..
Louis v.
& Nashville..
Maoon A
Birining'm.
Manistiuue
Mexican Central.....
Mexican National..
Mexioan Railway
Mexican Southern..
Minn. A St. Louis...
j/263,900
1/44,170
316.161
Minn.St.P.AS.Bte.M.
671,739
Mo. Kan. A Tex. svs.fc 1.574,752
Mo. Pao. & Iron Mt.. 3,313,000
Central Branch
92.000
Mobile Jack. A K. O.
13,099
Mobile & Ohio
556,400
Nash. Chat. A St. L..
683,731
Nevada-Cal-Oregon.
15,652
N.Y.Cen.AHud.Riv.* 5.837,015
Norfolk A Western . .
1,395,316
Northern Pacitto
4,098,509
725,303
Plttsb. & Western..)
Pittsb.Cl. & Tol. }
y206,088
Pittsb.
2/43.345
2/37,776
452.600
-730
y205,407
y35,669
398.900
71
3,200
+81,424
+65,699
+ 757.340
+ 120,835
118
3,200
27
472
1.324
7,563
1,845
—326
1,276
7,438
1,670
105
105
+ 102,214
1,607
1,476
+50,195
+82,08 <
+46,916
+389,131
727
929
546
727
929
546
6,571
6,542
292
107
707
336
292
642
336
1,891
1,891
352
192
352
192
1,145
1,142
—405
+ 11,844
+131,944
+56,309
+ 18,340
+ 5,002
+68,699
+52,585
102
+ 9,025
273
273
1,722
1,675
423
589
423
589
+ 5,101
13
—3,651
-7,383
146
162
285
13
146
162
285
+57,231
4,042
4,042
+949,493
4,583
4,610
397
2t0
347
332
2t0
347
4,265
4,241
96
885
555
543
20
173
90
166
96
820
555
510
20
173
90
166
3.308
8,161
97
64
97
64
2,186
1,323
2,054
1,323
321
260
643
321
1.355
2,480
5,316
S88
1,278
2,222
50
874
50
874
1,195
1,195
+ 193
+ 163,822
—57,716
+34,654
+354,692
+4,383
—82.091
—12,960
+36,863
+2,l35i
+ 14,959
—6,996
+ 3,260
+272,263
+2,185
+ 1,067
+ 50,882
+ 38,617
+4,300
+ 825
+42,902
+267.648
260
643
5,18
388
130
130
3,223
1,675
5,283
1,821
3,223
1,660
5.494
1,8*1
+681
352
352
+2,117
180
646
180
636
1-53.700
312
68
-62
3,192
1.293
931
2 10,092
+ 17.6e4
312
63
049
3
158
158
165
50
224
+8.341
+ 8,582
+ 12,156
50
224
68,941
+ 21.951
2,000
182
151
2,600
182
+ 139.0J8
6,741
8.818
+5.979
—1,401
—14,281
80
174
225
80
174
825
1,514
-r
-550
154
+ 14,216
1,665
+21,198
430
+ 6,685
430
248
451
88
+207,988
+27,319
+55,209
2,367
24b
451
88
2.358
464
982
464
983
+ 116,431
1,091
1,047
+16.165
+ 11,482
Tota K104roa dB ). .71,549 .466 6 3,761.173 +7.788.293 1Q8098 106437
*
t
Boston and Albany Included In both years.
Earnings here given are for railroad only and do not oover mining
operations.
b Includes Sherman Shreveport A Southern, Missouri Midland, and
extension to San Antonio from May 15, 1901.
1/ Figures here given are for three weeks only of the month in both
years; the fourth week not yet reported.
of Road.
1901.
1
TO NOVEMBER
1900.
Increase.
30.
Decrease.
I
Alabama Gt. Southern..
4.1a. N. O. A Tex. Pao.—
2,139,566
N. O. ANortheast'n...
Alabama A Vioksb'g.
Vicksburg Shr. A Pao.
1.775.629
882,991
1,884,140
255,426
25,481
157,042
725,949
846,415
182,692
663,723
Ann Arbor
1,660,827
103.047
1,557,780
Atl. Knoxv. & North'n.
497,922
403,011
94,911
Atl Valdosta A West...
235,903
38,127
197,776
>
Baltimore & Ohio
4,246,461
45,330,767
41.084,306
Bait. A Ohio So'w'n 5
Bellefonte Central
47,197
7,669
39,528
Buff. Rooh. A Pittsburg
547,715
5,777,409
5,229,694
No...
Burl. Ced. Rap. A
4,778,018
344,371
4,433,047
Canadian Pacific
30,892,593 27,468,929 3,423,661
Central of Georgia
621.097
6,559,594
5,938,497
Chattanooga Southern.
81,270
94,149
Chesapeake A Ohio
14,639,688 13,163,610 1,476,078
Ohio. A East'n Illinois..
575,353
5,376,006
4.800,653
Ohio. Great Western.
6,794,470
519,117
6,275,353
Chic. Ind. A Lonlsv...
264,921
4,045,404
3,780,483
Ohio. Milw. A St. Paul
40,370,747 37,903,662 2,462,085
Chic. Peoria A St. L..
1,247,444
1,285,375
Ohio. Term'l Transfer
138,166
1,383,557
1,245,391
Choc. Oklah. A Gulf .t..
4.921,335
3,339,387 1,581,948
331,561
Cin. New Orl.&Tex.Pao
4.905,713
4,574,152
16.996.661 15,738.633 1,258.028
Olev. Oin. Chic. A St. L.
Peoria A Eastern
201,331
2,377,712
2,173.381
^leve. Lorain A Wheel.
2,182,922
215,436
1,967,486
Colorado & Southern..
4,683,744
4,038,780
584,964
Ool. Sand. A Hocking.
45,342
1,058.878
1,013,536
Denv. A Rio Grande. ..
10.674,628 10,018.612
626,016
Dul. So. Shore A Atl...
2,345.165
2,376,563
East St. L. A Carondel.
149.587
143,236
6,351
Indianapolis.
Evansv. A
282,077
309.477
Terr
e
Haute.
E vansv. A
36.902
1,330,369
1,293,467
9a. Southern A Florida,
1,111,329
1,098.149
13,080
-rand Trunk...
Gr. Trunk Western
26,441,798 25,013,891 1,397,907'
Det. Gr. H. A Milwr..)
ireat No. St. 1\ M. A
24,610,042 20.960,814 3,649,228
Eastern of Minnesota.
508.616
4,192,329
3,633,033
Montana Central
23,516
1,820,620
1,797,104
Hooking Valley
192.346
4,504,107
4,311.261
Illinois Central
35,677,830 31,419,997 4,257.833
int. A Great Northern.
601,638
4,527,822
3.926,131
Interooeanio (Mex.)...
1/3,659,600
3,781,648
178.423
Iowa Central
2,195.784
2,017,361
7.927
Iron Railway
66.389
58.462
143,914
Kanawha A Michigan.
775.353
919,272
Lehigh A Hudson River
422,761
381,310
36,153
Lonlsv. Hend. A St. L..
587,297
623,450
Louisville A Nashville.. 27,540.008 25,046,750 2,493.258
,861
18.293
Macon A Birmingham..
105.154
MLanistique
99.649
88.511
tte xloan Central
15,778.934 15,824 234
Mexican National
6,970,223
7,141,796
Mexioan Railway
1/3.870.900 2/1,063,300
11.200
Southern
j/747,187
^sxican
2/758.387
489.918
Minneapolis A St. Louis
2,097,706
3,187,624
754,534
4,312,530
Minn. St. P. A S. Ste. M..
5,067,064
Mo. Kan. A Texas sys.. 14,979,920 12.131,941 2,847.979
Mo. Pacific A Iron Mt.. 32,231.958 27,889,1961 4,392.762
1,239,311.
1,226,437
Central Branch
117,653
140,048
22.390
Mobile Jack. A K. City.
152,308
5.429.874
5.582,182
Mobile A Ohio
7.0M.5K
6.738,297
316,213
Nashv. Chat. A St. Lt..
59,285.430 54,932,714! 4,302.716
New York Oeutral
15,033,266 18,902,787 1,130,478
Sorfolk A Western
34,707.413 29,605,527i 5.101,886
Northern Paoino
7,498,651'
862,634
8,331,285
Pere Marquette
Pittsburg A Western..
350,804
Plttsb. Cleve. A Tol. > 2/3,896,640 1/3,515,836
1,750,148
,
,
27
472
+37,800
+4,355
+28,772
273,259
404.091
1,523,884
+ 50.868
2,831,000
+482,000
92,000
10,829
+2,270
552,000
+4,400
592.561
+91.170
17,043
—1,391
5,704,612
+ 132,403
1.245,275
150,011
+
3,023,522 + 1,074,987
656,061
+ 69,242
Pa.AFair.)
Rio Grande South'n.
Rio Grande Wentem
+11,968
+16,748
+5,173
,
+
•
Name
Ala.N.O.ATex.Pao.—
N. Orl.
91
.
A
GROSS EARNINGS FROM JANUARY
1900.
1900
i
+ 17.252
88.P33
106,085
14,426
13 495
1,^53,879 1,61*. 7i7
i. Louts A 8. Fran.
787,96*
8UU.964
St. Louis Southwes'u
Ht. L. Van. A T. II
176,741
169,077
Km Fran. A No. Pao.
94,823
86,182
8. Pedro L. A. A 8. L.
18,000
9,41*
santa Fe Pies. A Phx.
84,156
72,000
938.369
889,428
B( i board Air Line...
26,428
25.878
Bo. Car. AGa. Ext...
Houi hern Indiana
52,918
30,967
-southern Railway.. \
3,192.606 3,053.59*
Ht.LoulM Division s
131,488
T.Haute As Inillanap.
139,467
47,117
48.521
T. Hauto A Peoria...
75.029
Texas Central
89,310
Texas A Pacific
1,190.112 1,175,896
212,356
Tol. A Ohio Central..
233.564
Tol. Peoria A West'n.
92,457
99,142
Tol. St. L. A West....
215,121
198,956
Toron. Ham. A Bull.
39,924
28,442
Wabash
1.639,571 1,431,583
Wheel. A Lake Erie
292,500
265,181
Olev. Can. A So.. J
Wisconsin Central...
471,764
416,555
tfazoo A Miss. Val...
805,444
689.013
Mileage.
Increase or
1901.
Decrease.
I
&
GB088 EARNINGS AND MILEAGE IN NOVEMBER.
of Road.
Increase o>
Decrease,
1900.
St. Jos.
Or. Islam!
So..
Bt. L. Keunett
1890.
Name
of Koad.
1
804,668
930,677
486.677
MUr
Oross Marntngs.
fame
12,879
37,931
31,398
27,400
=1
M
Pittsb. Paines. <s F. .
Rio Grande Southern.
)
.
Wo Grande Western
St. Jos. A Grand Island.
Louis Ken. A Sou...
Louis A San Fran .
Louis Southwestern
Louis Vand. AT. II.
Ban Fran. A No. Pacific
Sauta Fh Pres. A Phx..
St.
St.
3t.
St.
.
V487.93C
W182.335
5,101
4.518,350
1.329.101
140,977
14,269.563
6,707.997
1,904,643
1,013.498
396.125
4,241,791
1,224,818
104,902
11.651,409
5,7>8,642
1.777,914
276,559
36.075
2,618,134
949,355
126,7291
918.140
8*6 310
95.3581
9.81.V
104,2331
121,943
41,451
11,138
45,300
171,573
192.400
18,874
THE CHRONICLE.
1242
Name
of Road.
1901.
If 00.
Increase.
St.
Louis Division
T. JIaute
Terns
..
>
9,159,540
244,899
1,274.<!>-;
32,297,399
30,328.818
1.47K.257
463,405
412.352
8,467,003
2,314.901
1,968,581
\
Iniilanap. ..
Peoria..
1 auto
&.
10,434,243
250.960
&
1.403,621
Toledo Peoria*. Weet'n.
Tol. 8t. Louis Western..
Toronto Ham. &. Bufl...
511.606
620.332
10,373,58*
2,518,720
1,060,615
2,492,138
432.916
Wabash
16,774,88*
1
Texas Central
Texan <fePaoino
Toledo A Ohio Central.
Wheeling & Lake Erie
Cleve. Canton & 80..
Wlsoonsln Central
Yazoo
&
Total
)
Miss. Valley..
<
2,936,241
5
5.178.588
5,717,l7t
1,022.8^.
1,819,827
336,578
15,359,470
2,639,394
4.91R.351
4,762,20o
6,061
48.20C
177.980
1, 906.5 83
203,819
37,790
672,31)
£6,338
l,415,41t
296.847
260,187
954,97;
98 roads).. 708,250,84fr 640,797,779 C8.173.998
67,453.070
Net Increase
Earnings from November 1 are for railroad only.
Inoludes Paducah & Memphis Division In both years.
y These are the earnings to the third week of November only.
t
Hadley; the failure of over- legislation is declared by its advocates to be because there was too little State action, not
too much; individuals are free to make mistakes and learn
from them, so that "individualism is educational and prossive, but socialism in the majority of cases is not."
Mr.
14,636 lan
Hadley might also have said that real statesman8hip will not
palter with it, and he might have named likewise as one decisive test of a statesman the determination to stand for the
thing that is right, regardless of immediate consequences.
One of Mr. Hadley's clearest and most complete papers is
that on Trustp, He points out that a "localized" business
(i. e., one
known only locally and managed by its owner)
may be very good property for him, yet very poor for
720,928 others, and hence of low market value. Railroads, even when
themselves local, have had a wide investment standing, while
industrial enterprises have been confined as to value. Con-
Decrease
B
Seaboard Air Line
So. Car. & Ga. Kxteu.
Southern Railway
[Vol. LXXIII.
t
§00tt %%otltcs.
The Education of the American Citizen. By Arthur
Twining Hadley, President of Yale University, pp. 232,
New York Chas. Scribner's Sons, 1901.
:
There is an opinion which often gets expression that teachers, editors, and especially college professors, are "closet
theorists" who onght to stick to their books and their classes
and leave economics as applied to practical affairs to practical men. Such an opinion finds some justification at times,
and the outside looker-on finds some advantage in the point of
view being in the thick and dust of battle. But each method
of reaching truth has its use and place. So it happens when
a writer isfcund who is able in liberal measure to combine
" practical knowledge " with " closet theory "—as now comes
forward a college president who was first a professor, with
a volume of essays gathered under the above title and all
treating of the most public affairs— we have thoughts not
only worth reading, but also worth heeding.
Eleven of the fourteen papers are public addresses; the
other three have appeared in periodicals. They discus8
ethics as a political science; the relation between economics
and politics; political education; formation and control of
Mr. Hadley writes like a very deliberate essayist
trusts, etc.
rather than one who must arrest the reader quickly if he
would not lose him. These are hardly meant for the masses
they are rather for teachers, usiDg this word in the broad
sense; yet he who moves causes will work effects, and so the
—
possible influence is all the larger.
The papers which naturally challenge the layman's attenand socialism. These show an
tion first are those on trusts
acuteness of discrimination and a frequent epigrammatic
pithiness which are admirable. Mr. Hadley defines socialism
changed this, giving incidentally an increased
value to the component concerns in many instances, and this
has been one reason for trust- forming. The greatest other
advantage is economy in producing and distributing, and it
is futile to attempt to prevent consolidations which achieve
a real economy. On the other hand, buying the stock of Industrials because they are in the fashion must soon cease, and
the management difficulties which come from bigness will
gradually check the consolidating process. Increased responsibility of directors, increased publicity, perhaps some
change in the legal character of the labor contract, and
greater care in imposing high tariff taxes— these are the main
onservative forces to w hich he looks. This must be recognized as a rational view, and it may be possible to do something to retard and guide a movement in affairs which nobody
has power to stop.
The key-note of Mr. Hadley's teaching is that the highest
achievement of a nation is the character of its citizenship.
For the settlement of the problems which vex society we
must rely on personal character, and we must develop our
standard of that to meet new difficulties as they arise; "the
real test of an educational system lies in its training of the
citizens to meet political exigencies," and if it fail here no
excellence in other directions can save it. If it is true, as he
declares, that economic science is now at the height of prosperity, with college classrooms thronged with its students,
with teachers in secondary schools trying to find a place for
it, with a demand for public lecturers far beyond supply, and
with editors of leiding journals seeking for writers educated
in political economy— if this is so, there seems to be encouragement in the very fact that public affairs— in lofty
contrast to the low spirit which is for one's own pocket all
the time— are commanding attention for their own sake. It
is then a hopeful sign that a man who is in a position to
teach the teachers takes so firm a stand against the domina-
solidation
tion of merely commercial ideas and pronounces man so
keenly and well. He sees a mutual misunderstanding, more much more than money. Principles and ideals are the only
emotional than moral, between economist and socialist; the firm foundation for a State.
former is liable to be like a man so absorbed in gazing at the
woods that he does not see tbe trees, while the latter is like
Taxation of Business Corporations in New York State.
one so intent on the trees that he does not see the woods; or,
John Henry Hammond of the New York Bar. One
By
to use another illustration we recall the socialist is liable to
Price $2.75. New York: Baker,
be a man who can see a nail head in a barn door but can not volume octavo, pp. ,314.
Voorhis&Co., 1901.
see the barn. Unemotional reasoning, expressedjin law, has
The corporations treated of are " business," in distinction
done some harm; unreasoning emotion, expressed in law,
does a thousand times more. In this contrasted statement from insurance, banking and charitable, the term " busiwe compact Mr. Hadley somewhat, but we can not try to ness " being intended to include not only corporations formed
for commercial purposes but those for manufactures and
improve his epigrammatic statement of a grave truth.
" Legislation," he says, " is essentially a matter of remote transportation. Part I contains laws and decisions relating
consequences. The man who tries to reason out these con- to local taxation, including the law taxing special franchises,
sequences will occasionally make mistakes £the man who re- the procedure for reviewing by the statutory writ of cerfuses to reason them out will habitually do so. The good tiorari an assessment for local taxation, and the laws relating
which State interference does is often visible and tangible. to local taxation in villages and in this city, not including,
The evil which it does is much more indirect, and can only however, charter provisions in the other cities in the State.
be appreciated by careful study. The man who has his mind By "local taxation" is meant the property tax imposed by
so fixed on some immediate object as to shut[his eyes to the local assessors, and the special franchise tax imposed by the
results of such study is almost certain to advocate too much State tax commissioners and included in the local assessState action. He may succeed in passing a few good laws, ment. Part II contains the laws and decisions relating to
but he will be responsible for a vastly larger ^number of bad State taxation and the procedure for reviewing an assess \
ment for State taxation. By " State taxation" is meant tax
ones."
It
is
followed
on the organization of a domestic corporation, the license
This is admirably said, and profoundly true.
by a strong and oourageous plea for firm resistance to a fee on a foreign one, and the business taxes on both domestic
—
sentiment instead of vainly hoping to
placate it by concessions. "You cannot compromise with
an emotion as you can with a differing opinion," says Mr.
wrong
socialistic
and foreign, assessed by the State Comptroller.
An analytical table of contents gives the arrangement of
ch paragraph also citing
chapters and paragraph headings,
Decembek U,
THE CHR0N1CLK.
1901.
12-13
the decisions which establish the statement made in it, these for the two hours first named and on Saturday to continue
paragraphs numbering about three hundred. A separate the 11 a. m. clearing. The new method, it is believed, will
table of statutes and a table of cases are given, also an alpha- be found more convenient than the old regulations.
A pamphlet supbetical index covering the entire v olume.
—The Continental National Bank of Chicago has retired
plement accompanies the work, containing the amendment fl, 800,000 of its bank circulation, so that it now has but $>0,to the tax laws made in 1901 and the decisions later and down 000 outstanding. The reason given by the offijials for this
The book is not comment, but aims to sim move is that the Government bonds by which the circulation
to September 1.
ply present the law as it is. While not comment in the is secured have advanced to a price where the olliclals of the
usual sense, it is a commentary in the sense of compend and bank no longer feel warranted in retaining them.
digest.
It is obviously convenient in arrangement and be
Moses Taylor, a director of the National City Bank, and
yond criticsm in its mechanical production, and should prove William Sloane, of W. & J. Sloane
Co., have been elected
a valuable aid to all who are concerned with the subjects directors of the Westchester Trust Co.
—
&
treated.
—The dinner which
The Care of Estates, being Practical Questions and
Plain Answers concerning the Every-day Duties, Rights and
Liabilities of
Executors, Administrators, Trustees and
Guardians, with some Sugge-tions for Legatees and Testators.
By Frederick Trevor Hill, of the New York Bar. 12
mo., pp. 1?G. Price §125. New York: Baker, Voorhis &
Co., 1901.
This little volume is cast wholly in the catechetical form,
the questions numbering 502. It proceeds upon the undoubted
fact that many persons enter upon the charge of estates who
have no business training whatever, or, if they possess that,
have
little
or no knowledge of
what
their duties require.
annually given by the officers and
directors of the Hanover National Bank to its clerks took
place at the Hotel Savoy on Saturday evening last. The
function was attended by the officers of the bank, who were
present as guests, and it was a very enjoyable affair.
is
— Interests identified with the
of Albany, capital $300,000
National Commercial Bank
and surplus and profits $907,182,
have bought control of the Merchants' National Bank of that
city, capital $200,000, and surplus and profits $213,473, with
a view to the merger of the two institutions. The Merchants'
was organized in 1853, and in 1862 it became a national bank.
Reports that the National City and the Hanover National
banks of New York are interested in the merger are denied.
know what they may and must do, and what they
—J. Maus Schermerhorn has been elected President of the
cannot lawfully do. The catechism itself haa been largely Merchants' Safe Deposit Company in place of Willis S.
They need
to
suggested
by actual questions put by clients;
it
does not pretend to
be exhaustive, but merely to
rehearse
simply
well-settled
points
of
law.
What
comes before probate; qualification and duties of
an executor ;^sales and investments by him, his powers and
liabilities; the like as to administrators and trustees; such are
some of the subjects covered. One chapter treats of guardians, while another treats of the making of wills.
But the
book does not protest too much, nor forget that he who is his
own lawyer has a fool for a client. It plainly gives notice
that " the layman who essays to manage an estate without
legal advice will sooner or later come to grief;" so its main
purpose is only to direct the inquiries of parties concerned
into proper channels and afford them a working knowledge
of every-day duties and dangers.
It gives definitions, draws
distinctions, incidentally conveys much information, and
will prove well worth while by impressing parties concerned
with the expediency of going carefully and surely, and of
suggesting to them what thiugs they need to inquire into.
ITEMt
—The
shares.
ABOUT BANKS. BANKERS AND TRUST
CO'8.
auction sales of bank stocks this week aggregate 227
Transactions in trust company stocks reach a total
of 118 shares.
No
sales of either class
the Stock Exchange.
have been made at
Eight shares of Oriental Bank stock
were sold at 2333^, as against 188 April 3, the date of the
last public sale.
Stock of the Corn Exchange Bank shows
an advance in price of 1? points, a ta'e having beea m ide at
440>^, comparing with 423J^ last month.
Shares.
Banks—New York.
Price.
Last previous salt.
13 Amer. Exchange Nat. Bank... 290-295
Nov. 1901— 296*«
4 Broadway Bank, National
440
Nov. 1901— 424%
64 City Bank, National
603>4-612
Nov. 1901— 619
Exchange Bank
440*3
10 Fidelity Bank
233%
40 Leather Mrm.' Nat. Bank
2653s
ft Meohanlcs' Nat. Bank
292»a
65 Merch. Exchange Nat. Bank.. 158>s
8 Oriental BaDk
KZ**
Tedst Companiks— New lork.
54 Atlantic Tiuat Co
285V285 19
2 Bowling Green Trust Co
200
5 Central Trust Co
1925
10 City Trust Co
382>a
1 1 2 Holland Trust Co
48
35 Morton Trust Co
l,195 4-l 196
15 Corn
:l
3
t
Bank- Brooklyn.
Meohanlcs' Bank
Closing up
its
>
217k
Nov. 1901—
423 1*
May 1901— 2*5
Oct 1901— 260
Oct. 1901— 280
Kov. 1901— 1d3"4
Apr. 1901— 188
1901—290
1901— 189%
Sept 1901— 1940
M a v 1901—420
June 1901— 50
Oct.
Dec.
Nov. 1901—1,195
Oct.
1901— 215
business.
— Instead of, as heretofore, clearing twice a day, the banks
of San Francisco will, beginning January 2, clear only once
a day. It has been the custom of the Clearing House at San
Paine.
—A rumor was current last week that Charles W. Morse
had represented that he owned the Corn Exchange Bank.
William A. Nash, President of the Bank, on hearing the
rumor, said that he did not believe that Mr. Morse had made
any such statement, for it was not true.
—The
stockholders of the National Citizens' Bank and of
the Ninth National Bank on Monday formally ratified the
proposition for a merger of the
will probably
become
two
The merger
end of the year. It i3
institutions.
effective at the
understood that E. S. Schenck, the Vice-President of the
Citizens', will be elected President of the consolidated bank.
—
Two seats on the Stock Exchange have been transferred
recently at the highest price ever paid for a membership in
that organization; namely, 571,000, exclusive of the $1,000 inThe highest
which was paid early
was $70,May, just prior to the memorable break in the market. In June the price for seats got as
low as $60,000, but during November came up again to $63,000
and $66,000. The first seat to sell at $71,000 was the property
of William H. Wittingham, a member of the Board since
1869. It was bought by Frank W. Daryea, who has since
been elected to membership. Hugo Johnson of Chicago, it
is reported, was the other purchaser.
The Long Island Loan & Trust Company of Brooklyn
has removed to its new offices on the ground floor of the
new Temple Bar, corner of Court and Joraleinon streets.
The company on October 1st last increased its capital to
$1,000,000 and surplus to $1,320,797. Mr. Clinton L. Rossiter
is Vice-President of this company.
itiation fee.
figure heretofore reached
000,
in
—
—The
Suffolk
National
and the Washington National
banks of Boston are the latest which
it is
reported will con-
merthe
that
expected
conIt
National
solidated banks will assume the name of the
Suffolk Bank. It is thought possible also that the National
Webster and National Union may join in the consolidation.
All, with the exception of the Washington National with
solidate.
ger
is
Little information regarding this particular
obtainable at this time.
is
$750,000 capital, are capitalized at $1,000,000 each.
—A formal ratification of
the liquidation of the Shoe &
Leather National Bank of Boston, which merged with the
National Bank of Redemption the latter part of October, was
made by the stockholders at a meeting on Tuesday of this
week. An increase in the stock of the National Bank of Redemption from $1,<JOO,000 to $2,000,003 was voted at the same
Francisco to hold two official exchanges each day except
Saturday, one at 10 a. m. and the other at 2 p. M. On Saturday but one exchange was h6ld— at 11 a. m. The hours for
the settlement of individual balances have been 2:30 p. m. for
of the Merchants'
debit and 3 p. m. for credit balances; on Saturday these settlements have been made at 12:30 and 1 p. m., respectively.
It is the intention now to substitute the hour of 11:45 a. m.
Baltimore, a
time.
—Mr. Joseph M. Riker has been
appointed Vice-President
National Bank of Newark.
succeeds the late John M. Gwinnell.
—On Monday the
new
Southern Trust
organization, had
&
Deposit
its initial
Mr. Riker
Company
of
opening.
It
THE CHRONICLE.
1244
has purchased, and is located in, the building formerly owned
by the American National Bank, which was forced to close
The new company has a capital of
its doors last December.
and
surplus
Mr. Edward J. Bond is
of
$100,000
$20,000.
President and Mr. John Sherman Vice President.
— Mr. E.
Parker, Cashier of the State Savings Loan &
Trust Company of Quincy, 111., and Vice-President of the
American Bankerb' Association for the State of Illinois, bas
addressed a letter to Mr. Myron T. Herrick, President
J.
the American Bankers' Association, which is now
reprinted in circular form. In this he discusses at length
the present inadequate banking system and suggests some
reforms which would tend to cure the existing defects. In
concluding, Mr. Parker asks whether it is not practicable for
the officers and Executive Committee of the Association to
of
statesmen and lawyers outmembership conspicuous for their ability,
call to their assistance bankers,
side of
who
its
own
competent to recommend the repeal of existing
laws and frame for passage new laws which shall ultimately
perfect the fiscal policy of the Government, bring greater
stability to banking interests and prevent great losses to all
classes of the community.
will be
—Messrs. Josiah Morris & Co., of Montgomery, Ala.,
who suspended in January of this year and then arranged
a settlement, have defaulted in the second payment due December 1 to the creditors. The payments were to have been
made
as follows: 12J^ per cent July 1 1901; 12^ per cent December 1 1901 and 25 per cent each six months thereafter
from July
1 1902 to July
these has been met.
1 1903, inclusive.
Only the
first of
—Mr. Marcus S. Sonntag has been elected a director of the
Old National Bank of Evansville,[Ind., the oldest, as its name
implies, financial institution in that city.
I
Vol. LXXIII.
ment
securities, such as the stock and bonds of electric railways, electric light and power companies, gas plants, municipal and industrial bonds, timber and coal corporations, etc.
Its President is Ex- Governor Edward Scofield of Oconto,
Wis.; its Vice-Presidents and Secretary are Chicago men of
experience in the line of business; its Treasurer, Mr. H. H.
Rand of Milwaukee. The Colorado, Utah and Idaho boards
of control are made up of prominent and responsible citizens
of the several States.
—The extensive grain commission house of McReynolds &
Company, Chicago, will on January 1st prox. remove their
offices from the Western Union Telegraph Building to the
bank floor of the Counselman Building, on the corner of
Jackson Boulevard and La Salle Street. In their new location the firm will add a department for dealing in stocks
and bonds.
—A
settlement has been arrived at with the creditors of
of Chilton, Wis., which closed
its
By
terms they will receive 60 per
its doors last July.
cent of their claims— 30 per cent to be paid at once, 5 per
C6nt in one year, 10 per cent in two years and 5 per cent each
the
German Exchange Bank
during the two succeeding years.
ness on the 4th inst.
The bank resumed
busi-
—As
the holiday period is now approaching, the Union
of Pittsburg, always on the alert to meet the
wants of its patrons, is publishing a rather novel advertisement in the Pittsburg papers. In it the announcement is
made that a supply of new currency has been received from
the Treasury Department at Washington and a quantity of
gold and silver from the Mint at Philadelphia for the convenience of those who wish to give new money for Christ-
Trust
mas
Company
gifts.
—Mr.
S. R. Flynn has handed in his resignation as PresiTrust Company of Omaha, Neb. — dent of the Second National Bank of St. Paul. The resignathe savings and trust departments of which, as noted in these tion becomes effective the first of the year, at which time
columns last week, are now distinct, the former having be- Mr. George C. Power, National Bank Examiner for that discome the City Savings Bank is in financial difficulties, and trict, will succeed Mr, Flynn.
William J. Potter has been appointed receiver of the same.
Mr. Edward M. Farrier has resigned as Assistant Paying
Owing to the circumstance that some of the depositors of the Teller of tne Hudson County National Bank of Jersey City,
City Savings Bank overlooked'the fact that there is now no
the resignation to take effect January 1. Mr. Farrier is to
connection between the bank and the embarassed trust comhold the position of Secretary and Treasurer of the Lincoln
pany, the bank encountered a " run." All demands of the
Trust Company of Jersey City, which expects to open on
depositors were promptly met.
February 1 at 94 Montgomery Street. Mr. Henry LouderThe election is announced of Mr. R. N. Fredericks as bough has been elected President of this company and Mr.
Cashier of the Prescott National Bank of Prescott, Ariz., a Andrew Spotts Vice-President.
position recently vacated by Mr. Henry Kinsley. The other
—President Daniel D. Tracy of the Second National Bank
officials of this bank— the largest in Prescott, being capitalof Erie, Pa., died in that city this week at the age of 64 years.
President, Mr. P. M. Murphy; Viceized at $100,000— are
Mr. F. T. F. Love joy has been elected to the board of
President, Morris Goldwater, and Assistant Cashier, C. O.
Exchange National Bank of Pittsburg. Mr. Lovejoy
the
Ellis.
takes the place vacated by Mr. B. F. Jones Jr.
The Dollar Savings Fund and Trust Co. of Allegheny,
—It was voted at the stockholders' meeting on Wednesday
Pa., has issued a statement showing the growth in its busito increase the authorized capital of the West End Trust
ness in the last two years. From this it appears that the
Company of Philadelphia from $500,000 to $1,000,000. At
total of deposits has increased from $611,121 on November
the new 10,000 shares are to be sold,
In this same $100, the price at which
29, 1899, to $1,023,903 on November 25, 1901.
realized will be $1,000,000, the purpose being to
the
amount
period of time aggregate resources have advanced from $794,one-half of this sum to capital and the balanoe to sur258 to $1,780,482. The capital stock of the company, which add
The par value of the shares is $50. Payment is to be
plus.
on November 29, 1899, amounted to $150,000, has this year,
10
per cent each month, the first on January 6, 1901
as already stated in these columns, been increased to $500,000, made
and the remainder on the first of every month until October 1,
and at the same time a surplus fund of $250,000 was created.
—The resignation of Mr. Henry B. Lord, Cashier of the
shortage of $100,000 has been discovered in the accounts
National Bank of Ithaca, N. Y., was reluotantly acof H. J. Fleishman, Cashier of the Farmers' & Merchants' First
cepted
by the directors this week. Mr. Lord, who is now 84
Bank of Los Angeles, Cal. The bank, however, is well
.old, has served the bank as Cashier for 36 years.
years
secured, and is besides a very strong institution, so is not
—In a statement card issued by the Pittsburg Bank for
likely to experience embarrassment.
of Pittsburg, Pa., showing the bank's condition on
Savings
Mr. Virgil M. Harris, a well-known attorney
—The Omaha Loan &
—
—
—
—
:
—
—A
—
has been chosen as the Trust
Company
officer of
of St. Louis,
the Mercantile Trust
of St. Louis.
—
The death is reported of Mr. John G. Myers, Vice-President of the Albany Trust Company and of the Merchants'
National Bank of Albany. Mr. Myers's connection with the
bank extended over a period of more than twenty years, of
which fourteen had been spent in the capacity of Vice-President.
—The Western Trust & Guaranty Company has recently
been incorporated with a capital of $500,000 —its main office
being in the New York Life Building, Chicago, and branch
offices in Denver, Colo. Boise, Idaho, and Salt Lake City,
Utah. The company will deal principally in Western invest;
25, attention is called to the growth of the bank's
business during the last four years. The record is indeed a
noteworthy one and we reproduce herewith the figures.
November
Pittsbdbg Bank fob Savings.
Tear.
November 25, 1901
November 25, 1900
November 25, 1899
November 25, 1898
November 25, 1897
Deposits
Deposits
Deposits
Deposits
Deposits
Amount.
$9,754,843
6,610,000
4,735,000
3.350,000
2.825,000
We are also informed that 11,416 new accounts have been
opened by the Pittsburg Bank for Savings since the first of
January
—The
ground
1901.
branch
floor of
office
of
Schwartz, Dupee & Co., on the
Chicago, will be taken over
"The Rookery,"
December
THE CHRONICLE
14, 1901.
Harris at the close of the year, and Mr. Orson C
so successful a manager for the old firm,
remain
in
charge
for Mr. Harris.
will
L245
William H. Duff, one of the oldest memYork Stock Exchange, is a special partner.
Mr. Dahlgren, who is a son of the late Admiral Dahlgren,
—Architects are now engaged in the planning of a new and a son-in-law of the late Joseph Drexel of Philadelphia,
building for the First National Bank of Scran ton, Pa. The and George F. Casilear are the active board members of the
structure will be equipped with all modern facilities, and is new firm. All of the members of the firm have had long exThe perience in the stock brokerage business and are well known
is expected to oost in the neighborhood of $100,000.
bank is the oldest in the oity, having been organized in 18G3 in Wall Street.
by
J. F.
Wells,
The
who has been
officials
include
:
Casper H. Kicks.
bers of the
New
James A. Linen; Viceand Cashier, Isaac Post.
President, Mr.
President, George L. Dickson,
—The Essex County National Bank of
poses to increase
this
its
purpose a special
called for
January
when
Newark, N. J., profrom $800,000 to $1,000,000. For
meeting of the stockholders has been
2.
By
its articles
of association of
May
was converted from a State into a
was authorized, when in
the judgment of the directors it should become necessaryAccording to the "Newark News" it is proposed to issue
14,000 shares, par value $50, of which 6,000 are to be offered
1865,
the institution
national bank, the increase above
to present shareholders at par,
and the balance
(8,000) at
$125 per §50 share. It is further stated that a dividend of
100 per cent will be declared on the present capital which
will be taken from undivided profits, to be used, presumably, in paying for the 6,000 shares, thus providing $300,000 of the new capital. At $125 per share the amount realized
by the sale of the remaining 8,000 shares will be $1,000,000.
of which $400,000 will complete the required $700,000 increase
in capital, while the other $600,000 will go toward surplus
and profits. The bank is under the management of Mr. T.
W. Crooks, President; G. F. Reeve, Vice-President, and F.
B.
Adams, Cashier.
—The
National
now arranging
Bank
of
Columbus, of Columbus, Ga.,
is
new
burglar-proof vaults, to
insure better accommodation for its patrons. These vaults
will have an altitude the heighth of tne banking rooms, the
upper vault being reached by stairway and balcony. The
bank has a capital of $100,000 and is under the management
of Mr. "William B. Slade, President, and J. Douglass Neil,
Cashier.
to install three
—The New York Chapter
of the American Institute of
Bank
Clerks held its semi-monthly meeting Thursday night at the
headquarters of the Chapter, 72 Fifth Ave. The program
for the evening opened with a talk on " Clearing House Cer.
tificates," by Mr. William Sherer, Manager of the New York
Clearing House, which was entertaining as well as instructive. Mr. George E. White, the editor of " The Bulletin," the paper published by the " Institute," followed Mr.
Sherer with an address on " Character as Collateral," and
Mr. J. C. Emory, of the Seaboard National Bank, read a well
prepared paper on " The Credit Department." The speakers
were introduced by Mr. Ludlow, of the Fourth National
Bank, Chairman of the Chapter, who presided overthe meeting.
—Since the Marine National Bank of Milwaukee joined the
its business has been growing
very fast. The bank is the oldest in that city, having been
originally organized in 1839 as the Wisconsin Marine & Fire
Insurance Company Bank. The expansion which has occurred
is indicated by the following table:
national system in July, 1900,
Marine Nat. Bk.,
Milwaukee.
Sept 30 1901
July 15 1901
Apr. 24 1901...
Feb.
5 1901
Deo. 13 1900
Sept 5 1900
[From oar own correspondent.]
capital
Surplus
Capital.
<t
Pro/its.
$300,000 $40,393
300,000
33,397
300,000
27,261
300,000
20,207
300,000
16,312
300,000
4.594
Gross
Aggregate
Deposits.
Resources.
$2,751,875
2,718,878
2,388,770
2,416,770
2,038.679
1,890,282
$3,341,468
3,302,270
2,866,032
2,836,977
2,404,992
2,194,877
The stagnation
London. Saturday, November 30, 1901.
upon the Stock Exchange is,
of business
if
possible, greater than ever. The general public is holding
aloof altogether from markets, and brokers declare that
never in their experience has business been scantier.
In
the same way the public refuses to subscribe to the new
issues that are coming out, whether companies or loans; and
the underwriters, being obliged to take up tne issues, are
gradually being overloaded. Trade, too, is undoubtedly bad,
and everywhere there is a feeling of depression, and one constantly hears it said in the city that even in the depression
that followed the Baring crisis there
was not such
utter lack
of enterprise.
greatly exaggerated. The real difference between
hte present time and the two or three years immediately following the Baring crisis is that in the early nineties the
All this
is
very rich principally suffered. They were completely locked
up with Argentine, Brazilian, Uruguayan, Portuguese,
Spanish and similar unsalable stocks, and their losses were
very heavy. The great body of the public—the small investors as they are called here —almost entirely escaped, and the
home trade was wonderfully good. The towns grew steadily
and rapidly and building operations were on an enormous
scale.
Now, it is the smaller investors who have principally
suffered. The great capitalists have really not been hit to
any extent. They have lent largely to the Government. They
are employing immense sums abroad in one way or another,
and they do not care to commit themselves to new enterprises until they see their way a little more clearly, especially until they are sure that our own Government will not have
to borrow on a considerable scale again; but people of moderate means— the small investors, to use the general phrase
here have been hit hard by the great fall in the prices of
British railway stocks and the very serious reduction in
their dividends.
—
Almost all people with moderate means have put in recent
years the largest part of their savings in British railway
stocks, with the result that those stocks were driven to extravagantly high prices. Now, there has been a great fall,
and the incomes of the small people— widows, clergymen, retired business people and the like have all been very materially reduced.
It is the shrinkage of this vast mass of
income which prevents the great body of the public from investing on the usual scale, and their absence makes it inadvisable on the part of the capitalists to venture very far. Of
course tha war has a very great influence likewise in limiting business and making everybody cautious; and the crisis
through which so many Continental countries are passing
also has a very material effect. During the years when trade
and speculation were very active in Germany, German
operators dealt in the London market on an enormous scale.
Now few of them are able to do so. The German business
has shrunk immensely. In the same way Belgian business
and French business has shrunk immensely; and generally
the purchases of the Continent from us in every way have
fallen off because of their inability to spend upon the old
—
scale.
however, trade, though it has shrunken
sound and credit is good, and any favorable
circumstance would probably cause a rapid recovery. Over
and above the influences referred to already, there is another
cause for great alarm and uneasiness, and that is the uncertainty respecting the copper market. Copper has been falling
Deposits, it will be seen, have risen from $1,890,282 on steadily for some time past. This week it has fallen sharply;
and with it the prices of copper shares have gone down very
September 5, 1900, to $2,751,875 on September 30, 1901. In
rapidly, especially those of the Rio Tinto Company, which
aggregate resources the total was but $2,194,877 at the earlier has affected Paris very much and likewise exercises very
date, but is now $3,341,468. Surplus and profits are $40,393, considerable influence in London. Until the position in reas against $4,594 in September 1900. The officials of the gard to copper is clearer, it does not seem probable that there
will be any improvement in the stock markets.
bank are: Mr. Washington Becker, President; John L.
There has been a considerable demand for money all
Mitchell and John Johnston, Vice-Presidents, and Arthur H. through the week, and the outside market has had to borrow
Lindsay, Cashier.
large amounts from the Bank of England. On the other
hand, the Bank of England has been borrowing in the open
—It is announced that a new Stock Exchange house has market for the purpose of forcing up rates. The foreign
been organized under the firm name of Timmermann, Dahl- exchanges are so far unfavorable to this country that the
gren & Co. for the transaction of a banking and general Bank has thought it advisable to take action. The borrowing by the Bank has naturally counteracted the borrowing
stock brokerage business. The general partners are Henry
by the outside market from the Bank; and furthermore, the
G. Timmermann, Eric B, Dahlgren, George F. Casilear and Government has not been paying out on the scale to which
|
In spite of
considerably,
all,
is
THE CHR0N1CLK.
1246
the market had become accustomed. Whether it is that it
is postponing payment for some great orders, or whatever
the reason, its disbursements are much smaller for the past
few weeks than they have previously been for a considerable
time. On the other hand, the principal French banks are
again taking sterling bills more freely, and generally are increasing the balances tbey are enploying in London. Partly
this is due to the growing belief that there will be no coal
strike in France and partly to the happy termination of the
dispute with Turkey; but also of course it is owing to the
rise in the value of money in London.
On the other hand, gold is in demand for Austria and
unall amounts are being taken for other Continental countries, though the best opinion is that not very much will go.
Of course there will have to be remittances to South America,
Egypt and the like, which always occur; but exceptional
drains for the Continent of any considerable magnitude are not
anticipated. The French Chamber has at last passed the bill
for issuing French rente to represent the Chinese indemnity.
The opposition to it has been long and bitter, and more than
once it has shaken the position of the Government; but
happily the Government has succeeded, and it is now
thought probable that its position is safe until the comiDg
elections are over at all events. When the new loan is
issued, the best opinion in Paris is that the French banks
will employ even larger sums than they are doing at present
in London. They are keeping a good deal of their balances
in Lor don to make the new loan a success; but once that is
assured, the impression is enterprise is so completely absent,
speculation is so entirely dead, and trade is so greatly depressed, that there will be little employment for the immense
funds in the hands of the banks, and that therefore they will
have to use a very large portion of them here in London.
The India Council is selling its drafts fairly well. It offered for tender on Wednesday 60 lacs and the applications
exceeded 1,239 lacs at prices ranging from Is. 3 31-32d. to
Is. 4 l-32d. per rnpee.
The whole amount offered for tender
was allotted, and later in the day the Council sold a small
amount by special contract at Is. 4d. per rupee.
The following return shows the position of the Bank oj
England, the Bank rate of discount, the price of consols, &o
1901.
Nov.
Circulation
Public deposit!
Other deposits
Government securities
Nov.
27.
%
M
*
M
29,110,640
7,H40,b27
39,956,464
17,496,171
27,706,5*8
U8,584,940
7,679,085
27,171,076
39,178,MH
37.702,209
13,310.890
82,014,381
19.H35.749
81,1:0,689
I0.4l4,tf40
2H,4 14,794
40.29S.CI72
17,625,202
Other seourlttes..
27.216.466
Reserve of notes and coin
23,^60,427
Coin&bulllon,bothdepartm*ts ?5.370,277
Prop.reserve to liabilities.. p.o. 46 15-16
4
Bank rate
percent.
Consols. 2$i per cent
9156
Silver
The rates
London.
Bank
3
2 4
"
9 4
16 4
"
"
3
Month:
4
102 6-16
27 6-16d
279-16d.
148.864,000
168.820,000
3%
8k
3 7-16
856@SX
<f%@3 1-16 856®3 7-16 3 7-lfl@3ii
rate of discount
m
3%®4
Bills,
Joint DiB'tH's.
Stock At 7-14
Mos. Banks Oall Bayi
4 ©434
4
3%@4
4
4
39s(@t
2k
2k
2k
2*
2k
Rates ot
Interest at
22.
Open
Open Bank
Rate. Market Rate. Market
Bank
3
3
Berlin
2%
2%
2%
?M
2M
SH
4
4
Frankfort
4
Brussels
3
3
Vienna
4
nom.
4
4
4
3
3
4
6k
m
2%
2%
2k
2k
£M
3M
nom.
Nov
*
.Yob.
Nov.
London Standard.
28.
21.
oz.
Bank
Open
Rate. Market
9k 77
4k 76
Beans
615,000
9,673,000
5,412,300
Indian oorn
Flour
25 k
26 k
25 *n
26», ,
251'ie 2f \
25k 263,9
273s 28k
2588* 26'
1900-01.
19,326,700
6,591,200
5,922,200
717,630
568,740
11,686,600
5,485,800
1899-00.
189R-99.
14,176,400
8,661,300
3,769.670
566,300
577,190
10,757,400
4,547,530
15,425,900
4,788,900
4,837,600
904,000
441,000
14,452,900
5,109,800
1):
1901-02.
1900-01.
1899-00.
5,485,800
6,285,893
5,109,800
8,376,460
1898-99.
14,175,400
4,547,530
8,087,399
31,098,393
28.912,160
26,810,329
Wheat Imported, OWt.15,255,200 19,326,700 15,425,900
imports Of flour
•tales of
5,412,300
home-gTOwn. 7,564,149
Total
21,231,649
*ver. price wheat, week.27*.
Average price, season. 26s.
Id.
2d.
Id.
2d.
27a.
28s.
The following shows the quantities
maize afloat to the United Kingdom:
Last week.
TMtweek.
vVheat
qrs...2,310,0C0
Flour, equal to qrs... 360,000
Maize
2.286,000
335,000
480,000
485,000
qrs...
26s.
26s.
Id.
4d.
28s. Id,
26s. lOd.
of wheat, flour
1900.
1,745,000
and
1899.
1,530,000
315,000
1,020,000
290,000
580,000
EnglUh Financial Market*— Per Cable.
The daily closing quotations for seourities, etc., at London
are reported by cable as follows for the week ending Dec. 13.
London.
Sat.
per ounce
Sliver,
d.
Consols., new, 2% p. cts.
For account
IT' oh rentes(ln Paris) fr.
Anaconda Mining
Baltimore & Ohio
Preferred
Ohio. Mil.
.
8.
Bank
Open
Rate. Market
<fc
&Rio
6k
80
102k
105%
48%
72«8
59
Central
142k
Louisville & Nashville- 109*6
Mexican Central
24
Mexloan National
14k
Mo. Kan. & Tex., com.. 26k
54
Preferred
ST. Y. Cent'l & Hudson.. 172
N. Y. Ontario & West'n 36 k
Norfolk & Western.
59k
Illinois
do
pref.
Pacific, pref.
Northern
Pennsylvania
,
ARead
& Read, ,1st pref
93
102k
1033s
91
90k
42k
8
3
2k
2«
3
3
2%
2k
South'n Railway, oom.
Preferred...
4
894
4
4
5k
nom.
4
4
4
5
6
6
4k
5
4k
6
4k
U.
Do
do
pref.
V abash
Do preferred
Deb. "B"
Do
....
93
103
102 3s
61
oom..
34 k
58»s
94k
•"outhern Paoino
3
8. Steel Corp.,
52
169
29k
60k
33%
93%
3
4
Preferred
25»8
30
4
Cnlon Pacific
14k
75%
24k
8
& Read;. 2d pref.
57k
141
108 "8
23
76 k
25
41
8
4
47k
73k
4
4
116
95
41
4
4
102k
104k
105
45k
3
4
101k
96
42
oommon ......
34
43k
94k
22k
41
65
8
6%
79k
45&8
Gr.,oom....
74k
78 38
St. Paul... lt>9<*8
1st preferred
2d preferred
•Phila.
*Phila.
•Phila.
6k
23 k
167
24 k
do Preferred.
Do
75 k
97k
116k
<ft>
Wed.
Thurt
25 k
2f5 ie
25<i8
9238
927 16
92k
92k
929 18
9* 7 1«
92%
92k
923a
01-621. 101-45 01 37k 101-40 101-40
98
Canadian Pacific
Chesapeake
Ohio
Chloa. Great Western.
Tues.
25 k
74%
Spanish 4s
Mon.
9i9 ia
4
nom.
Do 2 mo. delivery
Bar silver, contain'?
do 5 grs. gold.oz.
do 4 grs. gold.oz.
do 3 gTB. gold.oz.
Cake silver
oz.
Mexloan dollars. oz.
26i, e
Supplies available for consumption (exclusive of stocks on
September
2k
5k
silver, fine... oz.25«b
IMPORTS.
1901-02.
mp'ts of wheat, owt.15,255,200
eJarley
7,785,000
JatS.
4,830.100
Peas
476,100
3
4
Bar
••>
d.
d.
\
4
76 5 76
76 5 76 5
76 4k 76 4
'<M
3
3
d.
9*«
t.
The following shows the imports of cereal produce into the
Jnited Kingdom during the twelve weeks of the season
compared with previous seasons
2M.
Noi
15.
d.
Nominal.
2k
m
5k
403a
96k
116k
47*8
23!>8
167
453a
953s
41k
73 k
57%
140%
109k
74k
6k
785s
102
103
96
1158s
47%
23k
165
45
33%
94k
iiik
4288
103
96%
115k
46%
23 k
163%
6k
77»b
100k
103
96k
115k
46k
23
164
43Sg
94%
39%
141k
140k
107%
40 k
72 k
57 k
14k
25%
52k
169%
103
8
75
44
14k
26k
52k
603a
77
101
0132k
94%
10838
23*a
24k
40k
29k
6k
7
25-js
921I 16
92*8
95k
23
170
35
59
S3
103
76
74 k
fr\.
34k
58k
92%
39 »8
72k
57
23k
14k
25%
51k
25k
51k
166%
34
33%
5bk
92k
24k
29k
60k
593a
40 k
23 k
14
168
102
75 k
24
103
76
723a
55 k
140%
107k
40k
29k
333s
33
93k
93k
102k
55 k
92k
102
75
23k
40k
29
59
32%
93k
1015s
91
90k
101
903s
41*8
92*8
22k
41k
92k
22k
42
t5*8
66%
94>«
94%
21k
2338
41«8
65 k
43k
42k
93k
22k
42k
67
67
42
Abell write as follows under date of
November
*
better demand. The Paris cheque having fallen
slightly has brought on inquiry, and this has stimulated the demand
for Vienna, -which had ceased during the previous rapid rise in the
cheque. All reoent arrivals have been bought for Vienna, and In addition £50,000 has been withdrawn from the Bank. Tne Bank has
lost during the week £127.000, of which £77,000 has been sent to
South America. Arrivals; Cape Town, £189.000 West Indies, £23,000; Vera Cruz, £19,000; Australia, £47,000; Chile, £2,000— total,
£280,000. Shipments: Bombay, £36,500; Calcutta, £17,500— total,
Gold-Gold
'apanese yen
Brie,
2»
4
&
ooln.oz.
French gold ooln.oz.
29*
Madrid
Copenhagen.
Messrs. Pixley
28
Uerm'n gold
Do
8t, Petersburg..
..
Hilvrh.
21.
oar gold, tine
oz. 77
U.S. gold ooln...oz. 76
2H
and open market rates at the
Nov.
29.
Nov.
28.
s.
2H
2k
2X
2k
ohief Continental cities have been as follows:
Nov
Nov.
Atoh. Top. & Santa Fe.
Preferred
Interest allowed
for deposits bv
4
GOLD.
London Standard.
Den.
3%
The Bank
11056
as follows:
3%@3« 3M@*
5-l6@3« 3 6-16@S56
3
4
2911-16d.
6 Months. 3 Mos.
Months.
2l,»is,698
82,1*9.673
«9}£
148,719,000
Irade
The quotations for bullion are reported as follows:
6,198, 3C0
417-10
6
4
98 7-16
Bills.
3U®3%
3k@3k
3k®3%
23 4
30 4
42%
Oven Market Rates
a
Nov.
31,852.021
255sd.
157.783.o00
*j
oq
so.ftie.ssi
money have been
for
Nov.
Nov. 29
28.
3}.
29.284850
10.370,«f0
Olearlng-Honse returns
1898.
1899.
1900.
[Vol. LXXIII.
Price per share
is in
;
£54,000.
Sliver—There has been a sharp fall during the week. Amerioan
shipments— foroed, perhaps, by the higher rate of money there— have
been heavy, and these have been pressed for sale as they arrived.
India and the Straits have bought pretty freely on the fall, but not
sufficiently to balance the selling. The weakness has been acoentuated
by the severe fall Id the Shanghai exchange from 2s. 6kd. to 2s. 5d.
To-day we quote 253sd. cash. 2ftkd. forward, and we close somewhat
steadier. The Indian rate Is Rs. «4k per 100 tolahs. Arrivals: New
York. £1FO.OOO: West. Indies. £8,000; Australia, £ il, 000; Chile,
£10,00O-total. £209,000. Shipments: Bombay, £92,5C0; Calcutta,
£107,.K 00-total, £200.000.
Mexloan Dollars— These have been quite nominal, and we quote
nearest (the same price as silver) 2538d. Arrivals: New York, £14,000.
(8/ommzxtinX and f&istzllimzons ?M ws
National Banks. — The following information regarding
is from the Treasury Department.
national banks
KATIONAL BANKS ORGANIZED.
Certificates Issued November 5 to November 23.
6,010— The First National Bank of Orafton, Pennsylvania. Capital
David 8. McCann, President; Samuel C. Cover
$25,000.
Cashier.
6,011—The Farmers' & Merchants' National Bank of Farmersville,
Texas. Capital, $50,000. Sam. R. Hamilton, President; W.
M. Windom, Cashier.
6,012—The First National Bank of Price. Utah. Capital, $30,000. J.
M. Whitmore. President; A. McGovney, Cashier.
6,013— The Vancouver National Bank, Vancouver, Washington. CapLevi Ankeny, President; W. P. Connaway,
ital. $50,000.
Cashier.
December
14,
THE CHRONICLE.
1901.]
EXPORTS AMD IMPORTS Of Br HOIK AT IKW TOKK.
6,014— The Charlton National Bank. Chariton. Iowa. Capital, $50,000.
W. O. Peulok. President; H O. Penlok, Cashier.
6,015— The Commercial National Bauk of Point ilu Lao, Wisconsin.
Capital, $125,uOJ. H. R. Potter, President; M. T. Simmons,
Oaahler,
6,016-The People's National Bauk of Adena. Ohio. Capital. $25,000.
Nathan K. Smttn. President; Rosooe P. clears. Cashier.
6,017— The Farmers' National B*nk of Hain'nir,:, Iowa. Capital.
$50,000. A UydlDKer, President; C. D. Buttertleld, Cashier.
6,018-The Puroellvilte National Bank. Paroellvllle. Virginia. Capital,
Fry. Cashier.
$10,000 W. P. Pauooast. President; T.
6,019— The Larohmont National Bank, Larohinout, Now York. Capital, $50,000. Joseph II Sterling, President; Samuel K. Boll,
Cashier.
6,020 -The First National Bank of Cameron, West Virginia. Capital,
$50,000. Olell Nichols, President; H. A. Jaokson, Cashier.
6,021— The Cltv National Bank of Annlston, Alabama. Capital, .f 100,Cashier.
000.
H Wellborn, President;
6,022— The First National Bank of Verndale, Minnesota. Capital.
$25,000. Isaac Hazlett, President; H. L Frazler, Cashier.
6,023— The Federal National Bank of Pittsburg, Pennsylvania. Capital, $2,000,' 00.
Joseph A. Langtitt, President; George W.
SxporU.
Import!
Bold.
Week.
SinceJan.l.
2,417,372
25,735
Vest In&les
$244,196
$
1,178,868
152,744
4,074
4.678
0,156
1,801,823
455,793
$2,443,107 $49,129,307
27,780 47.511,504
84,839 26 119.455
$167,652
41,248
26 4 01
184,711,482
other countries.
Total 1901
Total 1900
Total 1899
SinceJan.l.
793,822
53,868
34,515
1,114,500
loath America
ill
Week.
$1,764,851
33.100,370
12,2b7,381
$
M
M
1247
'.110,747
90.565
10,568,595
14.037,999
,
6,024— The Childress National Bank, Childress, Texas. Capital,
$2}.< 00. A. J. Fires, President; R. E. Dunn, Cashier.
6,025— Tne First National Bank of Plnokney ville, Illinois. Capital,
.Cashier.
$50,000. W. 8. Wilson. President;
6,026— The First National Bank of Casey, Illinois. Capital, $25,000.
Turner, President W. C. Turner, Cashier.
6,027— The First National Bank of Imperial, California. Capital,
$25,000. Geo Charley. President Leroy Holt, Cashier.
6,028— The Hardin National Bauk of Elizabethtown, Kentucky.
Capital, $ 0,000, O. Ilotopp, President; W. C. Montgomery,
J. E.
;
;
SxporU.
Import*.
Silver.
SinceJan.l.
Week.
Week.
$881,190 $44,880,516
697,495
$
$25,283
4,720
2,220
249,939
21,250
24,431
3,091
61,603
23,231
59,479
1.200
2,555,938
$881,745 $45,878,942
49,964,439
43.H43.284
$135,418
98.958
93.851
$3,503,834
4,451,280
3,736.873
555
vjQth Arnerloa
ill other countries.
Total 1901
Total 1900
Total 1899
SinceJan.l.
1,633,052
1.016,129
223
288,696
59\513
38,461
Cashier.
Capital,
6,029— The First National Bank of Ceylon, Minnesota
$25,000. John Dows, President; Geo. 8tlckney, Cashier.
CORPORATE KX.I8TEHOK Of NATIONAL BANKS EXTENDED.
2,585— The First National Bat'k
of business,
November
of
5,
Mindan, North DakJta,
until close
Of the above imports for the week in 1901, $9,292 were
American gold coin and $51,323 American silver coin. Of
the exports during the same time $325,735 were American
gold coin and §100 were American silver coin.
1921.
2,591—The Commercial National Bank
of Detroit, Michigan, until
clone of business November 11, 1921.
2,589— The First National Bank of Hiawatha, Kansas, until close of
business November 12. 1921.
2,594— The People's National Bank of Charlottesville, Virginia, until
olose of business November 17, 1921.
2,601— The Chloago National Bank. Chicago, Illinois, until olose of
business
November 19,1921.
2,602— Tho National Bank of Stamford,
business
November
New York
City Clearing House Banks.— Statement oi
week ending Dec. 7, based on average of
We omit two ciphers (00) in all cases.
laily results.
jondition for the
BANK8
New
Capital. Surpiu*
lit-
Loans.
Svtcie.
9
$
Legale,
i
Deooeits. tervt
York, until close of
*
•
ujuikof N.Y.... 2,000,0 2,166,2
19, 1921.
C
.
P.O.
1,588,0
2,094,0
1,548,2
1.141,0
3,117,1
.
New
Week.—
New York
week
1
,
,
l
week
our report of the dry goods trade.
The following is a statement of the exports (exolusive of
ipeoie) from the port of New York to foreign ports for the
week ending Dec. 9, and from January 1 to date.
EXPORTS FROM NEW TORK FOR THE WEEK.
$
20,376,0 282
29,258,0 280
14.280,6 23
13,780,0 280
21,617,0 238
285,0
4,619,0 256
6,114.6 124,831,0 28-1
2.582.9 33,952,1 27-5
6^8,8
6,486,3 25-4
890,7
7,481,6 25-2
66,9
1,479,2 28-4
280,0
3.301,0 20-4
130.1
801,9 31-2
169.B
4,764,1 318
143,9
1,705,8 286
324,1
3.070.2 20-5
1,297.0 32,761,0 256
6,187,8 61,768,5 245
366,3
6,080,6 214
1,671,7 15,309,6 251
462,1
3,106.9 306
941,3
6,784,9 283
788,7
3,005,5 31-2
1,185,8 11,883,2 224
6,691,1 52,113,1 27-6
383,1
4,181,0 234
307,5
6,700.0 21'8
318.8
3,000.9 229
717,8
8,482,8 280
286.5
4.430,2 251
2,262,0 27.885,0 247
349,4
2,129,6 213
1,122,0 21,623.0 21'2
3,808,0 61,723.0 28-4
209,7
1,492,5 30-5
2,425,7 33,801.8 252
1,522,0 14.048,0 26-8
1,061,0 10,091,0 25-8
88,3
623,9 38-5
2.056,0 69,714,7 23-7
413.8
4,010,1 25-8
370.0
3,185,0 218
330.1
4,360,6 22-7
260,7
3,288,1 24-7
1.747.1 52.132,0 251
35y,i
9,953,2 215
886.2
3,115,8 32-1
612,6
1,660.3 18-8
2,391.1 15.778,3 217
813.0
7,617,6 25-3
185,1
3,820,1 247
420.5
8,128,1 22-9
3,791,0: 241
388,0
1,928,0 14,116,0 287
2,837,0 13,857,9 25-6
4,361,0 279
658,0
425.0
6,860,4 21-9
4.152.2 21-4
821.8
922,1
8,682,4 232
297.5
4,008,0 23-9
105,6
1,965.8 29 1
19,859,0 8,759,0
2,050,0 2,093,0 24,023,0 6,115,0
APPLICATIONS TO CONVERT STATE BANK.
Manhattan Co..
2,000,0 1,136,1 12,421,6 1,875,3
Merchants'
2,000,0 2,317,2 12,821,0 2,710,0
.
ii eohanloa'
Approved November 16 to November 22.
1,600,0 3,097,0 19,748,7 2,729,1
merioa
The Bank of F. C. Flnerty & Co., of Cordell, Oklahoma Territory, Phenlx
257,8
1,000,0
4,675,0
869,0
Into The Cordell National Bank. Capital, $25,000. Blanks sent to F.
10,000,0 6,830,3 111,898,2 27,183,1
300,0 7,000,1 21,434.6 1,011,8
C. Flnerty, President.
Jhemloal
800,0
258,8
788,0
6,166,2
> The Goodland City Bank, Goodland, Kansas, Into The First National
Merchants' Ex
1,884,7
989,3
1,000,0
9.159,3
Bank of Goodland. Capital, $25,000. Blanks sent to Goodland City Sallatln
300,0
78,1
1,193,8
354,9
Drov's'
Butoh.A
Bank.
400,0
116,0
133,0
2,755,0
Meoh.A Traders
The Thurmond Sta'e Bank of Sayre, Oklahoma Territory, into The areenwioh
181,1
882.3
121,1
200,0
First National Bank of Sayre. Capital, $25,000. Blanks sent to I. O.
600.0
615,8
4,600,8 1,333,6
Lieather M'f'rs..
Thurmond, Busch, Oklahoma Territory.
5,033,0 1,206,1
Seventh Natlon'l 1,700.0
The State Bank of Brldnewater. South Dakota, Into the First National •itateof N. Y.... 1,200,0
554,1
492.6
4,420,6
Bank of Brldgewater. Capltil, $25,'.'00. Blanks sent to E. L. Abel, Amerloan Exoh. 6,000,0 8,411,2 28,002,0 1,52 /,0
7,091,6
73,816,2
9,701,9
10,000,0
Brldgewater. South Dakota.
Jommeroe
8,988,7
910.3
1,000,0 1,687,3
The Bank of Sayre, Oklahoma Territory, into the City National Broadway
1,000,0 1,361,8 14,184,6 2,175.5
Bank of Sayre. Capital. $25,000. Blanks sent to Bank of Sayre, Mercantile
512,1
681.4
422,7
2,333,6
Paoiflc
care of First National li..nk of Weatherford, Oklahoma Territory.
580,8
450,0
977,9
6,763,7
The Farmers' State Bank of Htllsboro, Kansas, Into the First Na- Chatham
850,8
241,0
200,0
1,963,4
People's
tional Bank of Hlllsboro. Capital, $25,0OJ. Blanks sent to S. L.
North Arnerloa.. 1,000,0 1.025,8 11.675,3 1.365,3
Armstrong, Cashier.
8,000,0 6,855,2 18,696,8 8,711,1
i-Lanover
696.1
475,3
4,116,0
600,0
irvlng
LIQUIDATION.
382,6
4,864,8 1,108,8
600,0
Jltl sens'
289,8
2,588,5
370.8
600,0
5,920—Tne First National Bank of Idaho Falls, Idaho, has gone iuto Nassau
6,168,0
987,8
900,0 1,012,2
voluutary liquidation by resolution of Its stockholders dated Market <fe Fulton
226,0
3,901,7
825,7
1,000,0
Leather
Shoe <fe
July 5, 1901, to take effeot immediately.
23,230,0
1,849,7
1,610,0
1,400,0
..'orn
Exchange.
York, has
5,237— The National Commercial Bank of New York,
2.187,0
189,6
300,0
406,9
gone into voluntary liquidation by resolution of its share- Oriental
Cmp't'rs'&Trad. 1,600,0 8,104,4 23,738,0 4,107,0
holders dated November 15, 1901, to take effect immediately.
47,881,0
8,968,7
11,862,2
2,000,0
t'ark
160,9
1,227,8
216,1
250,0
Kast River
3,000,0 2,663,2 22,831,5 3,693.6
Fourth
10,983,0
685,2
2,263.0
1,000,0
The following are Central
Imports and Exforts for the
996,0
9,158,0 1,629,0
300,0
for the week ending for dry goods second
the imports at
688,0
111,2
71,6
760,0
Ninth.
Dae. 5 and for the week ending for general merchandise Klrst.. ............ 10,000,0 11,407,8 76.420,1 14,471,2
4,211,7
823,0
335,0
600,0
N.Y.NaflExch
January.
Dec. 6; also totals sinoe beginning first
3,208.0
376,0
250,0
743,7
Bowery
604,2
661,2
3,873,8
200,0
County....
N.
Y.
FOREIGN IMPORTS.
101,8
662,4
3,897,2
750,0
aerman Amerl..
48.218,2
11.341,4
1,000,0 2,657,3
Ohase
9,018,8 2,084,1
100,0 1.407.9
Fifth Avenoe...
1901.
1900.
1899.
For week.
1898.
584,8
2,801,9
213,0
200,0
9erman Exoh...
411,8
866,7
3,017,7
200,0
Sermanla
1,014,8
18,885,5
1,620,8
300,0
Dry Goods
$2,185,091
$1,539,686
$2,066,833
$1,466,779 Lincoln
7,3sl,2 1,669,7
1,000,0 1,168,1
Gen'l mer'dlse
9,033,049
9,044,516
6,154,316
5,044,692 aarfleld
890,1
871,7
2,198,8
Fifth
200,0
7,226,8 1,447,3
300,0 1,110,7
of Metrop
$11,229,610
$7,694,002 $11,099,882
$6,511,371 Bank
285,0
138,6
2,688,0
West Bide
200,0
Since Jan. 1.
Seaboard.
600,0 1,016,8 12,142,0 1,431,0
•100.610.335
Dry Goods
$107,160,818 $97,076,963 $86,124,739
Western.
8,100,0 2,378,2 37,089,2 8,631,6
Gen'l mer'dlse 422,969,474 393,965,431 387,412,534 314,321,746
681,0
620,1
4,118,0
1st Nat., B'klyn.
300,0
759,0
8,550,0 1,168,2
Liberty
600,0
692,4
443,4
4,278,0
Total 49 weeks K523.579.809 S501.126.249 $481,489,497 $400,446,485
1,000,0
N. Y. Prod. Ex
7,558,8 1,094,7
603,3
250,0
NewAmsterdam
663.5
1,018,0
416,5
850,0
The imports of dry goods for one
later will be found Astor
468.8
2,661,9
369,1
aide A Leather.
600,0
In
1901.
For the week..
Prev. reported
$11,569,129
467,648,536
1900.
$9,733,491
496,865,523
1899.
$10,559,112
433,943,672
1898.
$9,025,816
436,279,831
Total49 weeks $478,217.665 $506.599.014 $414,502.784 $445,305,647
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also oompiled 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 Dec. 7
and sinoe Jan. 1, 1901, and for the corresponding periods in
1900 and 1899.
83,622,7 99,060,4 881.652,0 1695307 71,816,5 988,958,1
Total
256
New York City, Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for tne nonmember
Banks.
"rT~V~
1
banks.
Capital d
Surplus.
$
Not.
16..
"
"
Dec.
23.. 182,673,1
80.. 182,878.1
7..
Hoi.*
Not. 28..
"
Deo.
80..
7..
fhlla.*
Not. 23..
••
30..
Dec.
*
t
7..
Loam.
$
182,873.1 882.587.1
689.083,0
876.169.2
182,673,1 881,552,0
$99
Deposits.*
f
C
1765895 70.035,1 916,
17717551 70,550.8 982
1761885 72,395.21940
1695307; 71,816,5 933
67,632,9 192,722.0 15.823.0
67,632,9 193,029.0 15.211.0
57,632,8 187.783,0 H.853,0
88,715,3 177.451,0
38,716,3 178.311.0
S8.715.3ll79.21».0
Legal*.
Specie.
1
081,3
957.5
688.R
*63.1
Oirc'Vn. Clearing
31.882.6
31.972,4
31.875.0
31,936,4
17011386
14920464
13S28138
15108987
8,465.0 217 .344,0!
8.415.0 220 .833.0
8,165,0 220 391,0
5,581,0 130.876 7
6.64B.0il09.722.8
5,381.0 138,037,0
210 ,250,0
210 160,0
207 Vi'.S
9,822,0 122, 623,a
9,718,0 98,121.°
9.828.0 in;457 a
68,230.0
51,903.0
53.109.0
We omit two cipher* in all these figures
InoladlnK for Boston and Philadelphia the item
.
"due
to other banks."
THE OHRONICLK.
1248
Keports of Non Memner Hanks.— The following is the
statement of condition of the non-member banks for the
week ending Dec. 7, based on averages of the daily result,
We omit txjoo civhem f00~) in ad cases
BANKS.
Sur- Loaned
Capital
(001 omitted.)
Invest- 8p«ci«
plus.
Leg. T. Depotit.toith
Net
AB'k. Olear'g Other UttotiU
Notes
Agent.
likS.A.i
tfOBK OlTT.
Borough of
Manhattan,
f
88.4
f
Mount Morris
100,0
300,0
100,0
100,0
200,0
200,0
260,0
Mutual
200,1'
Colonial
Columbia
Eleventh Ward.
Fourteenth Street.
Sanaevoort
. .
Hamilton
140.9 1826.6
217,0 2471,0
126,6 1149,0
82,3 1366,1
20.0 1318,9
100,0 1779.0
69,6 2287,1
168,7 1463.2
147,8 1618,6
222,6 2441,0
129,6 1027.0
288,8 4027,0
42,7 1370.0
76,4 1084,8
869,1 2046,2
223,8 1623.C
690,4
30,8
443,(1
96,1
781,2
69,1
861.6
64,1
207,6
62,2
806,2
100,0
980,0
200,0
Nineteenth Ward. 200.0
100,0
Plaaa..
100,0
Riverside
100,0
State
200,0
Twelfth Ward
Twenty- third Wd. 100,0
200,0
Union Square
100,0
Yorkrttle
100,0
Washington
200,0
Fidelity..... .....
100,0
Variok
200,0
JeBerson
100,0
Century
Wash'irtonHelKhts 100,0
United National..., 1000,0
Boro'h of Brooklyn.
160,0
Bedford
100,0
Broadway
Brooklyn
800,0
100,0
Eighth Ward
100,0
Fifth Avenue
Kings County
160,0
Manufaot'ra' Nat'l. 262,0
Mechanics
600,0
Koch's'
Traders' 100,0
100,0
Merchants'
Nassau National.. 800,0
National City
300,0
100,0
North Side
100,0
Peoples
Seventeenth Ward 100,0
200,0
Sprague National
Twenty-sixth Wd. 100,0
100,0
Union
100,0
Wallabout
126,1
180,8
167,4
34,8
73,9
61,0
437,3
360,6
A
186,fc
23,8
626,6
673,6
144,7
123,6
78,2
248,3
64,2
60,6
66,9
.
Borough of
Richmond.
Bank of Staten Isl
lstNat.,8taten Isl
Other Cities.
1st Nat., Jer. City.
Hud. Co. Nat.. J.O.
2d Nat., Jer. City..
8d Nat., Jer. City..
1st Nat., Hoooken.
2d Nat., Hoboken.
60,1
22,4
117,8
132,6
34,7
29,9
168,0
11.7
863.0
40,0
46,2
46,8
49,9
10,6
12,4
682.8
704,1
213.8
822.6
324.0
62,4
40,8
47,9
26,6
91,5
161,0
110,0
68,2
487,6
69,7
71,2
65,6
151,2
142,6
86,4
44,4
68,0
• «..
91,1
220,0
74.6
176,0
166,0
109,8
211,
118,8
45.8
23.9
98,9
77,6
22,6
6.1
9.4
7,9
3,8
62,5
7,8
29,9
I
...
27214
10,0
1302,6
699,4
898,2
895.8
916,9
109,5
181.3
376,8
7,2
6,0
....
406,0
....
10.1
0.4
10,3
....
100,6
.....
6,1
13.0
22,8
86,9
69,1
72,0
S90.8
296,0
88,7
32,9
461,0
298,0
61,6
41.4
266,0
47,8
44,9
41,6
48,8
....
10,0
63,2
46,0
129,0
19,8
71,7
16,1
27,0
19,6
16,6
68,3
26,0
67,7
176,2
48,2
60.8
43,1
27,8
20,0
107,4
98,0
14,6
228.8
1616,9
162,7
266,9
482,7
146.7
58,0
469,6
164,0
16.1
27,7
77.6
12,9
70.4
28.8
29,0
3,2
86,7
86,6
85,5
39,4
3,1
Wheat.
Mtnorts /row— buth.
Corn,
buth.
bbl*
*ow York.
804. 881
ee.oM
Boston
270.489
172.034
14,171
84 847
39,718
Portland, Ha.
Philadelphia..
New
1308,6
1827,7
1039.8
898,8
622,3
730,1
3160,6
4216,6
1006.8
699,8
4279,0
3209,0
846.0
974.7
631,9
989,4
644,4
732,3
824,8
672.6
668.0
6216.9
1882,6
1027,1
1368,4
2100.4
866,2
Breadstaffs Figures Brought from Page 1274.—The
statements below are prepared by us from figures oolleoted
by the New York Produce Exohange. The reoeipts at
Western lake and river ports for the week ending Dee. 7.
and sinoe Aug. 1, for each of the last three years have been
:
Wheat.
Flour.
Corn.
B«rl«,.
Oatt.
4
f/f.
Bbls.lOBlbc fiuth.60ib* Buih.66tli; Bvth.seile £U*A.4812>; Bw.eeu
1.187,426
797,132
866.650
282.816
1,630,400
97,100
394,400
43,700
47.676
184.600
491,160
58,600
Mllwaukeo .
....
3,473,730
52,189
66,000
16.886
20 832
261,800
2,326,260
125.890
49.320
214.820
Minneapolis.
41,062
122,792
600
87,487
4.647
119,412
92,928
46,499
9.000
68.874
182,829
185.077
'.'la vol and ...
16,347
402,400
0.8CO
835.768
63.260
872,000
at. Louis ....
61,806
34.400
830,200
7,700
666,400
282,800
129,600
54,400
292.000
~7Tia3,3U
3,299,681
8,099,368
1;6S3.629
241.469
6,441,494
4,689.070
2.689,667
1,064,334
4,607,201
3.691,931
2,795,664
1,167,836
60,280
85,664
18.000
Kansas
City.
Tot.wk.l90l
Same
Same
480.643
wk.'oo.
299,686
310,497
wk.'99.
Mn«f Aui.
St.
8,868,447 139.797.3flS 62,786.067 64,625,772
7.608,638 118.990.114 73.650,288 68,984,018
7,929.313 114.081.247 89,421.118 73,662,828
at—
flaw York.
Boston,
Montreal..,
Philadelphia^
Baltimore
Blehmond
Orleans'-
HowportNews
Portland,
Me
St.John, N.B..
Total week
Week
Barlst
8,919
16,108
BOS
80.120
21.470
78.710
800
6,464
*2.;62
40,'C06
16,880
20.000
5,480
"380
16,010
260,282
281,831
.
67,011
01,116
19.102
Same time
E89.97J
10,974
71.159
The destination of these exports for the week and sinoe
8ept. 1, 1900, is as below:
Flour.
.
.
A
Amerloa.
West Indies
Br.N.Am. Colo's
31,015
20,077
2.8C4
">thor oountrles
884
468.658
607,641
80,780
166.552
269.288
281.831
7.254,089
7,285,985
8.
O.
Total
Total 1800
Wheat.
,
u; k
Week
Exports for
Week Since July
week and since
Dec. 7.
1, 1901
July 1 to—
bbls.
bbls.
Onltea Kingdom I8t.it 8 4,678,884
i9,023 1.466.728
Continent
Dec.
,
Since July
Ju\y
f
bush,
960.787
706,864
1801.
bush.
85,216,016
48,421.127
48,060
28,988
183,889
1.762,684
1,724,344
7.
1,
50
.
Week
,
Corn,
Since July
Dec. 7
bush.
08.357
160.214
8,048
10.910
5,700
1901.
bush.
9,407,939
8,520,235
607.679
1,
508590
8.921
156.970
161,134
81,898,117
291,060
67,620,808 6,318.381
19,883.847
69.80^,875
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Dec. 7, 1901, was as follows:
Corn,
rvhtat,
stor tat—
In
3,867,000
Boston
Ostrolt
1,462.000
720.000
1,072.000
011.000
005,000
89,000
43.000
6,488.000
480,000
899.000
atioago
8.628,00(1
Philadelphia
Baltimore..
New Orleans.
Salveston
Montreal
Toronto..
Saflalo
Toledo
Minneapolis
8t LOUlo
taneasClty
1.650,000
>tiluth
Peoria
Indianapolis
Total
Total
Total
Total
Torsi
. .
By
8,000
139,000
88,000
8,000
148,000
090.000
864.000
65.000
1.088, 000
75.000
85,000
881.000
168,006
1,101,000
00,000
88.00C
35,000
1,084,000
5,000
28.000
0.000
178,000
isiiooo
141.000
498,000
124,000
75,000
18,000
640,000
17,000
80,000
eos.ooo
90,000
163,000
147,000
4G7,00C
72,000
100,000
820.000
111.000
4,000
10,930.000
11,827.000
8,702,000
11.244.000
488.000
830 000
6,390.000
84,0(0
6,993,000
183,000
Sales.-
Barley
bus>.
1*3,000
23.000
1.000
Dec. 7.1901.. 55,240,000
Nov. 80, 1901.. 62,396,000
Deo. 8. 1900. 61,194.000
Dec. 9.1899.. 56.i92.000
Dec. 10.1898.. 88.788.000
Auction
27. toil
buth.
83,000
1.022.bo6
718,000
868.000
OnLakei
On oanal and river.
1,362 000
12,000
143.000
662,000
56,000
885,000
Milwaukee
n.Wlll'mAPt. Arthur
370.oou
276,000
0,202,000
14,007,000
8,300.00"
B««.
Oats,
bush.
bush.
873,000
buth.
Now York
Do afloat
17847.000
'
10.00:.
24.000
8.000
570,000
207,000
'37.O06
072.OOC
195,000
0,410,000
8,003,000
10,875.006
0,077,000
6.301.000
2,529,000
2,554,000
1,881,000
1,844,000
1,223.000
3,809,000
3,007.000
3.273.000
3,093,000
4,008.000
Messrs. Adrian H. Mnller
& Son
:
Stocks
Stocks,
10 Brooklyn Academy of
2 Bowling Green Tr. Co ..200
Muaio (with ticket)
118
35 Morton Tr. Co. .1195k 1196
Brooklyn
5
Athena3um..$25 lot
15 Corn Exohange Bank.. 440*2
66 Horn 8U. Min. Co.$2 05 per eh.
302*4
2 Home Insurance Co
17 New Jersey Zino Co
230'*
12 Holland Trust Co
48
3 Mechanics' Bk.of Bklyn^l? 1*
65 Hudson Rlv. Telep. Oo..l<H*a
8 Oriental Bank
233*3
10 Met.SS. of Boston.$325 per eh.
Bands.
50 N. J. Steamboat Co
35
$1,000 Chic Mil & St. P. RR.
65 Meroh. Exch. Nat. Bk...l58i*
131ia
(Dub Dlv.) 1st 6s. '20
54 Atlantic Trust Co.285H-285>o $3,000 Wis. Cent. RR. Co. 1st
10 Fidelity Bank
110*4
233%
8eries 5s, 1909, J&J
15 Singer Mfg. Co
251
$1,000 University Club, N.
64 Nat. City Bank... 6O314-6I2
Y.,2doB
90
4 Nat. Broadway Bank ...440
$500 Durland Co. 5s, 1943.. 60
5 Meoh. Nat. Bank, N. Y..292^ $2,000 Judge Co. pur. money
40 Leather Mfrs.' Nat. Bk. 2653s
38*4
4s, 1909, J&D
15 Home Insurance Co
306*3 $5,000 Keene Heights Hotel
382i«
10 City Trust Co
Co. 6s, due 1897, endorsed. 10
r5 Central Trust Co
1925
$500 Chio. Ry. Term. Elev.
13 Am. Exo. Nat. Bk.. 290-295
Co. Ist6s, 1943
59*a
By Messrs. Richard V. Harnett Co.:
Bonds.
$435,600 Express Coal Line Class B Bonds
5%
[
&
gatrtttttfl
86,710,566 2,802,946
26,283,076 2,396,824
21,879.168 8,283,344
The receipts of flour and grain at the seaboard
week ended Dec. 7, 1901, follow:
Norfolk
Oalveston
17,842
129.071
21,858
1,702,884
281,060
'00.. 1.724,341 6,318,881
ports for
Sp encer
27
&
the
How
Ptat.
buth
oui/v.
lH.Wi'l
'
John.N.B.
Total week
Kye,
Oatt.
buth.
42,940
and
Ifiwattjcial.
1.
1901
1900
Rtttittt
'
341,700
484.000
Orleans..
/lour,
499
100X00
Baltimore
Totals Dec.
7.. 9062,0 9406,1 78283,8 3419,8 4680,4 10276 9 2046,6 80684.6
Totals Nov. 80.. 9062.0 9406,1 72616,8 3447,2 4866.0 8464,0 1777,8 77663,7
Totals Nov. 23.. 9062,0 9406.1 72464,7 3867,9 4387,2 8294,8 1741,0 77762,6
atuiit* at-
several seaboard ports for the week
in the annexed statement
shown
are
7, 1901,
8alvǤton..
t
2020,0
2668.0
2770,5
1628,1
1416 8
1868.1
2812.9
1706,1
1954.7
2646,0
1100.6
4794,0
1772,0
1220,6
8,0
84,6
211,1
162,8
69,0
86,6
139,1
81,1
29,8
81,2
26,0
158,6
153,8
68,8
46,4
296,0
907,7 4968,4 237,0
90,8
600,1 2166,6
70,8
803,1 1118,8
41,3
242,6 1028,7
129,8
469,2 2827,4
991.7
30,2
118,8
400,0
260,0
260,0
200,0
110,0
126,0
26,0
129,1
189,8
12,8
1244,2
19,8
1693.3
1039,8
66,0
15,1
402,0
87,6
668,8
84,7
687.0
2609,1 329,6
8810,6 ie8,i
17 'S
1010,4
7,6
705,4
4012,0 181.0
2902,0 140.0
10.7
962,8
42,1
924,8
8,7
646,8
1123,2 100,7
13,4
667,4
33,1
623,2
86,6
843,3
68.6
86,8
26,0
100,0
192,0
66,6
t
%
188.4 200.7
110.0 214,0
293.1 1376,8
66,0 224.0
64,6 146.1
114,9 112,6
The exports from the
ending Dec.
Norfolk
Newn'rt News
Montreal
N1W
[Vol. LXXIII.
1900
...
Flour.
Wheat,
bbtt
bush.
150,088
67.209
3.S76
102.270
68,615
4,620
8,000
15,880
13.946
429
6,480
430.416
897,678
458.950
632,739
212,379
214,661
S68.454
23,668
518,000
40,000
Corn,
buth.
Oats.
bush.
848,000
12,465
4.800
76,676
238,667
20,942
24.C0O
63S.400
124,042
(18,577
68,848
33.410
25.326
37,0i8
3*rle*
nut.
bnth.
bush.
12,876
69,300
6,000
8,876
13,600
6.000
1,498
10.569
8,512
N.
687,831
1,808,199
Now
85.775
128,216
Wheat
Orleans for ioraun
Oats...
Barley
Bye....
1901.
bblS. 21,233,157
1900.
20,598,492
1899.
20,668,682
1898.
20,492,368
bush. 161,678,184
94,865,676
174,507,230
74.4WS.423
6,980,199
8,684,078
111,218,039
160.473,635
89,244,079
13,210,612
5.650.&80
132,322,990
182,588,659
89,024,194
6,762,211
14,454,214
108,761,880
e8,783,925
6,041,306
8,632,839
832,893,133
Branch
856,510,900
409,692,685
434,152,265
Office, 67 State St.,
Albany
ALEXANDER M. WHITE
&
JR.
White,
BANKERS,
...
MembersjNew York Stock Exchange,
No.
1
NASSAU STREET,
NEW YORK.
INVESTMENT SECURITIES.
Tracy
No.
CHICAGO.
&
Co., Bankers,
NEW
Street,
YORK.
Connected by private wire.
MILWAUKEE.
40 Wall
Dealers in High Grade Bonds.
List
Jo./
Current Investment Offerings sent on Application.
New York Stock Exchange.
M mh.., Cnlcag0
Members
Stock Exchange.
.
Total grain..
Stock Exchange.
87,254
86,730
Total reoeipts at ports from Jan. 1 to Dec. 7 compare as
follows for four years: K
Corn
Y
Moffat
756,879
6,141,766
NEW YORK
INVESTMENT SECURITIESMembers
George Barclay Moffat.
* Reoeipts do not lnoludo grain passing through
ports on through bills of lading.
Receipt* of—
lour
PINE STREET,
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
148.000
172,034
20,000
8,697,074
1,631,807
29
&
.....
Trask
BANKERS,
J
J
Commission Orders
Executed In all IHarkets,
December
1901.
14,
THE CHRONICLE.
J
jBantuerg*
I»
Name
of
I
V
I
It
>
II
o
weakened
Books Closed.
(Days Inclusive.)
Cent Payable
i
,
sterling,
sixty day*'
cables, 488
.
When
1'er
Company.
Foreign Exchange.— The market for foreign exohanM hu
untie) a linm-i money mat kit and
To-da v'm actual rates OX exchange were as folowv: Hankers'
(fiixzztU.
I
1249
demand,
i
;
8(
I
prime commei rial, sixtj
omentary commercial, sixty days, 4 HI]
82
cotton for payment,
fntin for payment,
Bl}£@481 \\ cotton for acceptance,
Posted rales of leading bankers follow:
t
Railroads (Nirutn).
8
Allegheny <fc Western, guar
Ashland Coal & Iron (quar.)
Canada Southern
Chicago <b North Western, com
14 Deo
20
Manhattan (quar.)
Michigan Central
Jan
Jan
1%
1
>i
9
4
Feb
Rumford
(quar.).
1
1
Jan
Jan
Jan
24
2 Hi Jan
1 4 Jan
5
Jan
Deo
Jan
i
,
II
Jan
Jan
1
1
.Ian
2
2 "a Jan
4
24 Deo
14 Jan
31
<fc
do
American 8crew
(quar.)
Empire Steel & Iron, pref. (quar.)
International 8il ver, pref
International Steam Pump, com. (qu.).
Jackson (Mich.) Gas
Knickerbocker Ice, Chicago, pref
Lorillard (P.), pref. (quar.)
Mergenthaler Linotype (quar.)
do
(extra)
do
Mil. <fc Chicago Breweries, pref
Nat. Enamel. <8s Stamp., com. (quar.).
do
do
do
P re *- (qnar.)..
National Sugar Rfg., pref. (quar.)
New England Cotton Yarn
N. Y. <fc East River Ferry (quar.)
Otis Elevator, pref. (quar.)
Railway Equip. Corporation (mthly).
Royal Baking Powder, pref. (quar.)...
Rubber Goods Mfg., pref. (quar.)
Safety Car Heat. & Lighting (quar.)...
&
Iron, pf. (qu.)..
Sloss Sheffield Steel
Tefft Weller Co., pref. (quar.)
TJnion Bag
Paper, pref. (quar.)
Union Ferry (quar.)
Signal, com. (quar.)..
Union Switch
&
&
do
do
pref. (quar.)..
Fruit (quar.)
Gas Improvement (quar.)
Shoe Machinery, com. (quar.)..
do
do
pref. (quar.)..
States Projectile (quar.)
do
Dee
Jan
t
Jan
2 Dec 21
Deo 30 Holders
2,Dec 21
do
(extra)
Western Union Telegraph (quar.)
Westinghouse Air Brake (quar.)
do
do
d o (extra)
14
14
14
1
1
2
3
2
21-2
leO
•_'
:i
Pee 25
*
Dec
1
I
[Jan
to
to
Jan
to
of ree.
to
Jan
1
Deo 22
Jan 1
1
22
2
I
34 Dec
24 Dec
31 Dee 15
31
Dec 21
Dee 21
14 Jan 2 Dec 19
34 Jan IDeo 18
14!Deo 15 Dec 3
14 Jan 15 Dec 25
14 Dec 16
14 Deo 31 Holders
14 Deo 17 Dec 10
Deo 23 Dec 15
2
2 Deo 22
14 Jan
14 Jan 2 Dec 21
14 Jan 2 Dec 15
4 Jan 2 Dee 21
Jan 10 Jan 1
1
Jan 1 Jan 1
2
14 Jan 15 Holders
Jan 15 Holders
2
Jan 15 Deo 21
2
14 Jan 15 Dec 21
Jan
2
1 Dec 27
2
Jan
1 Dec 27
14 Jan 15 Deo 21
24 Jan 10 Jan 1
34 Jan 10 Jan 1
Jan
1
6
Paris bankers* (Francs)
(guilders) bankers
bankers
(relohui'ks)
frankfort or Bremen
1
Amsterdam
.Tan
I Dec 21
to
29 Holders of ree. Jan
Die
Holders
of
ree.
I
Deo 31 Holders of reo. Deo
Dec 30 Deo 20
to
Deo
Jan
Jan
to
1 Deo 22
Jan
to
Jan
1 Deo 21
2 Deo 21
to
Jan
Jan
Dec 31 Deo 19
to
Jan
Jan
to
Jan
2 Dec 15
to
Jan
Jan
Dec
2
22
Dec 31 Dec 15
to
Jan
3
Shipbuilding.pf. (gu.)
Jan
15c. Jan
Steel Ass'n, com
do
pf. (qu)
14 Jan
Crucible 8teel, pref. (quar.)
do
United
United
United
do
United
do
Deo 15
Deo 16
34 Jan
Knickerbocker
Miscellaneous.
Prime bankers' sterling bills on London. 4 83 4
4 824
Prime commercial
4814
Documentary commercial
6
-
ree.
1
1
14 Jan
to
Jan
to
to
to
to
to
to
Jan
Jan
Jan
Jan
1
21
30
1
1
1
2
1
Dec 16
Jan 15
Dec 15
to
to
Dee 16
Deo 25
to
to
to
to
to
to
Jan 2
Jan 1
Jan 1
Jan
Jan
Jan 10
Dec 31
Dec 31
1
of ree.
of ree.
to
to
to
to
to
to
to
Dec
Deo
Jan
Jan
Jan
Jan
Jan
31
31
1
1
1
10
10
Transfer books not to be closed, t Correction, t Payable to holders of
Franklin Trust Co.'s certiticates for stock of record Dec. 20, 1901.
WALL STREET. FRIDAY, DEC, 13, 1901.-3 P. M.
The Money Market and Financial Situation.— The security
markets have been dominated almost entirely this week by
money market
conditions.
Last Saturday's bank statement showed a largely decreased surplus reserve, a fact that led to rather free calling in of loans and an advance in rates. Naturally the stock
market has been depressed, prices have declined and some
liquidation has been forced. This stringency, coming as it
has in conjunction with the sensitiveness that is the result of recent experiences in Amalgamated Copper, has
doubtless had more force than it otherwise would have
had. Shares of Amalgamated Copper sold this week at
65, against 130 last June, representing a loss to the owners of that stock of $77,500,000 within six months.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 3 to 12 per cent. To-day's rates on call were \y2 to 9
per cent. Prime commercial paper quoted at 4%@5per cent,
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £167,497, and the percentage of reserve to liabilities was 48-69, against 47-94 last
week; the discount rate remains unchanged at 4 per cent.
The Bank of France shows a decrease of 1,700,000 francs
in gold and 200,000 francs in silver.
NEW YORK
Less
>
CITY CLEARING-HOUSE BANKS.
Capital
Surplus
Loans & discounts
Circulation
Net deposits
Speoie
Legal tenders
Reserve held..
Legal reserve.
Surplus reserve
Sots.— Beturne
Differences
Dec. 7
i
,.
previous
week
rom
83.622.700
99,050,400]
i
1900
Deo. 8
1899
Dee. 9
Deo
Deo
Dec
5,982,800
11.400
1.710,400
6,656,800
578,700
74,222,700
90,109,900
806,442,500
30,607,900
861,044,700
162,804,400
58,157,900
59,422,700
79,083,700
681,464,300
16,411,300
744,085,600
241,347,200 Deo
234,739,525 Deo
7,234,500
427,600
220,962,300
215,261,175
192,880,900
186,021,375
Deo 6,806,900
5.701,125
6,859,525
881,552,000
31,986,400
938,958,100
169,630,700
71,816,500
6,607,676
of separate
Ino
Ino
banks appear on page 1247.
143,9ti!l,100
48,911,800
4 87
34
8 16 T8
4U'„
»5Pi4*
87'*
ffl h:i
1H\* at
I
3'j ae*
40
944 <& 94 15 ie
1
a 4(| ,
954 • 96» ia
i«.
commercial, $1 25 discount; Chicago, 20c. discount;
St. Louis,
San Francisco, 2i^c. per §100 premium.
United States Bonds.— Sales of Government bonds at the
Board include §10,000 3s, coup., at 108^ to 109; §1,500 4s,
coup., 1907, at 113; §1,000 4s, reg., 1907, at \\\%. and $1,000
4s, coup., 1925, at 139J£. The following are the daily closing
par:
quotations
;
for y tarly range see third page followi ng.
Interest
Dec.
Dec.
Dec.
Dec.
Dec.
Dec
Periods
7
9
10
11
12
13
Q—
Q—
registered
Jan •1084 '1084
2s, 1930
'109
ooupon
Jan •109
2s, 1930
.smaJ.reglstered
1930
2s,
ooupon
2s, 1930 .small
Feb "10838 '10838
registered
8s, 1918
couponiQ— Feb •10838 '10838
8s, 1918
Feb
small.registered
8a, 1918,
coupon
Feb •i'08" 'i'08"
3s, 1918, smaU
Jan •1114 '1114
registered
4s, 1907
Jan •112V) '1124
coupon
4s, 1907
registered jQ— Feb •1394 '1394
4a, 1925
ooupon;Q— Feb •1394 '1394
4s, 1925
'1074
Feb •107
registered
6s, 1904
Feb •1074 '1074
com on
5s, 1904
•This Is the price bid at the morning board; no
Q—
Q—
Q—
Q—
Q—
4
*1084 •1084
'109
•109
1 08 4
'108%
•109
'108 4
'1083s
108*8 '108%
'108-S,
108 4 '108%
•108
*108
*108
•11141*111% *111"b
s
108%
108%
*108
111%
i*112°8 *112 8 *112%
*1394i*139% -13938 *1393y
•139V 1394 *13938 *1393a
113
*1074l*1074 '1074*1074
10741*1074 «107V»107%
sale was made.
State and Railroad Bonds.— Sales of State bonds at the
to 97
Board include $8,000 Tennessee settlement 3s at 96
and $1,000 Alabama Class C at 103^.
On a volume of business averaging about $4,000,000 par
value per day, the market for railway bonds, in sympathy
with other security markets, is narrow and depressed.
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
It will be found to-day on page 1256.
itself.
Railroad and Miscellaneous Stocks.— The stock market
has been fairly active. Over 1,000,000 shares were traded
in on Monday and transactions averaged about 850,000
shares per day. The market has been irregular but for the
most part weak, as noted above, almost the entire active
The tone
list showing a decline of from 1 to 6 points.
has been better to-day and some recovery made. The list of
railway issues that lost 5 points or more includes New York
Central, North West., St. Paul and Great Northern preferred. There was some disappointment because only the
regular dividend was declared by New York Central directors and no announcement made in regard to placing the
minor Vanderbilt systems under joint control. It was reported that for this reason New York Central was freely
offered and is included in the above list. There were a few
exceptional features. Wabash pref. has been notably active
and, with Minn. & St. L. and Lackawanna, was relatively
strong, the latter showing a net gain of nearly 7 points.
Amalgamated Copper has again been much the most
active stock on the list and covered a range of 6 points. It
sold on Monday at 65 against 130 less than six months ago.
Naturally other industrial stocks were weak. Colorado
Fuel & Iron lost over 12 points and closes near the lowest-.
General Electric made a similar record, but recovered to-day.
Outside Market. The week in the outside market has
been on the whole rather dull. It closes weak and dull,
with prices lower throughout the list than on last Friday.
Northern Securities has continued to recede, going as low
as 100% to-day. Pocahontas Coal subscriptions fell off from
\2Q%
/2 to 120 "on Saturday, got back to 125 on Tuesday and
sold to-day at 122' .<. American Can stocks, which closed
last week at 15.,<£ andf 60 for common and preferred respect-
%
—
ively, dropped to 14-'^ and 5:5 { on Monday, moved up later
to 17 and 60}.£, and closed this afternoon at 1<% bid and 59k£
bid.
Dominion Securities, from 89 4', moved down t
and U. S. Reduction
Refining preferred fell from 6:? to
!
&
American Chicle, on publication of a
plan to increase the capital stock of the company (see Investment News), dropped to 80 for common and 79 for preferred.
National Enameling & Stamping common became
strong at 33(<^34 on the announcement of a 4 per cent dividend, payable 1 per cent quarterly. N. Y. Realty advanced
from 142 to 160 bid on the declaration of a 10 per cent dividend. Copper stocks, with the exception of Greene Consolidated, have been rather quiet. Greene Consolidated
was active for several days, advancing from 29 to 37?.<, but
sagged away again to 29, to-day's price. TJnion Copper
closes at 4}4 against 4,7 £, White Knob at 17}^ against 21^,
and North Platte Mining at llj^ against 14;^ The latter
stock got as low as 9)^ on Thursday.
65%, closing at
1901
W4H2 4
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 75c. discount, selling 75c. premium; Charleston,
buying par, selling 1-10 premium; New Orleans, bank, par;
Q—
Q—
of ree.
1
Sixty Days
Utcember 13
Dee 15
Dee 20
to
15 Holders of reo. Dec 20
14
Not closed.
2|Dec 24
to
Jan l
Jan 1
to
1 Dee is
Deo 21
to
Jan 1
1% Jan
5
5
Colonial
Fifth Avenue
I
I
1-1
r<
Holders of
2
B
Trust Compmiles.
14
to
91 Dee 17
Dec 91
15 Holders of ree. D
to
.i.in 98
l
Jan 16
to
10 Dec lo
Dee 15
2
l'-i
9]
M
15 Jan
1
to
Jan 15
to
Jan 15
16 Jan
1
16 Holders of ree. Dec :;l
Rutland, pref
st. Louis & San. Fran., 1st pref. (qn.).
Southwestern of Georgia
Street Kuilwn t >.
Chicago City Ry. (quar.)
Philadelphia Co., Pittsu., com., (quar.).
Sutter St. Ry., San Francisco (quar.).
Twin City Rap. Tr., Minneap., pf. (qu.)
Vnited Trac. & Elec, Providence (qu.)
Wash. Water Pow., Spokane, Wash. (qu.)
1
e
i
to
29 Holders of
4 Deo
l'l
>.
I
Man
5 Holders of
29 Holders of n
34 Jan
I
Jan 15
to
to
9
2 Dec 17
Feb
Falls (quar.)
1 1.
29
20
Holders of u c- |i. c
to
Jan
Deo 28
15 Jan
.I.iii
Quincy RR. Bridge
do
e.
i
New York <£> Harlem
N. Y. New Haven <fc Hartford
Northern Central
Northern Pacific, coin, (quar.)
2
to
Holders of ree
IK
3
Jan
Jan
1
9
l>.
3 Holders Of lie.
2
Minneapolis & St. Louis, Com
pref
do
do
N. Y. Cent. & Hudson River (quar.)..
Alabama 8teel &
American Iron
Holders of ree
1
:
'l<>
do
do
ChloagO R. I. <fc Pacittc (quar.)
Denver A Rio Grande, pref
Kan. O. Ft. 8. * Meni..i>f.Htk.tr.otfB.(qu.)
Lake Erie it Western, pref
Lake Shore <fe BflOulgan Southern
A
2
a
pref. (qu.).
Portland
.I.HI
6634.
New
York Stock Exchange -Stock Record, Daily, Weekly and Yearly
OCCUPYING TWO PAOEM
AM) LOWEST SALS PS1CS8
'hs-lll<iilE,ST
Monday
Saturitmi
JH'C. 7
j>, e.
•
9
Hi
J)ec.
Dee.
situ
i/
11
Thursday
7)ee.
1
N I.W
Friday
Dec. 13
-'
STOCKS
YORK STOCK
or fear IU01
Sates 0/
On
the
EXCHANGE
.Shares
JOOshare
hunts 0)
Lowest
Rang* ><>r Pn tout
Year (lifOO)
<
lots
1.1 III
.
I-
A
I
Jliyhest
(
•80
•60
99
82%
•3D
62
78
•till
33
65
70
T7
:
'.
i
99%
102
62
!i
63
L20
a m
1 12
142
113%
8
1 "s
1/8
i
>..,
179
47%
86%
77% 77%
«
i>i'
I
88
01
01
77",
tl02
$96
62
Vlo-.'i..
77
"193
S7 a4
186
47
85
40%
34%
77%
773.
773.
193
1 37 34
138 3
4
22 n
92%
87
4434
138
140
.
150
197
,
!
15% 15 Hi
29 %
29
97
98
128
55
90
«18
•30
•76
1334
14%
5634
663.
•25% 27
170% 171
240
241
44% 44%
93
•50
03
60
60
•50
30
30
15% 15%
•39
40
•10% 10%
19% 19%
40% 41%
7034 7134
57%
C0% 60%
66
•85
90
96%
99%
'-,
'm
'145
'194
15
120
•80
*76
146
194
150
197
15%
29
9634
3034
98%
120
45
90
*49
*50
171
241
242
44%
00
60
15% 15%
29% 30%
98%
9838
118
123
45
90
14
SO*.
243
43%
435,•a
93%
93
•50
*50
38
38
61
90
LOO
61
1
Do
19% 119%
'110
146
111%112
83% 85% 84% 85%
Booh,
Pitteb'g.
.t
Do pref
panadian Pacific
2411
17,4(
87
188
4
Canada Southern
Central of New Jersey..
49%
90
•812 213%
S334 34%
67%
•90
5734
91%
47
49
117%120
*85
212
90
•68
•85
819
61
90
60
40
60
90
-50
*50
60
10
10
18% 18%
39
09% 70%
53% 65
58
Ft.
cfe
Dodge.
15% 15% Detroit South. vot. tr. ctfs
38
38%
Do pref. vot. tr. ctfs.
•9% 10 DuluthSo. Shore & Atl..
1734 18%
Do pref
38% 39% Ene
70% 71%
Do 1st pref
63% 55
Do 2d pref
•85
68
90
•66
*85
182% 184% 181
183
181
00
90
Evansv.
Do
19
212% •212
33% 34
56% 67%
91% 91%
*117%120
90
87
33% 34%
56% 57 34
91% 91%
100
{99
99
98
•80
83% •76
82
148% 149% 147% 118% 148
88
•82
•
38
92
95
•35
•80
40
95
95
40
83
8li
213% •212
ioo%ioo% 100% 100% x99% 99%
7534 75%
73% 73% 75
73
100
*80
Ft.
<fe
47% 48%
78% 79%
66% 68%
Mav
14% May
ox
;,
J
May
'
il.C
N
1
Jan
92
.",
1
9
117%May
102
89
Worth&Den.
C.,stmp.
& W., deb. ctf. A
120
90
34%
54% 56%
91% 91%
32% 33
99% 99%
99% 99%
33
75
100
75
100
83
80% 80%
149% 147%148%
39
40% 39
83
•118
-85
*80
95
120
88
120
88
cfe
Essex
Central & Hudson.
NY.
Y. Chic. & St. Louis..
Do 1st pref
Do 2d pref
New York & Harlem
N. Y. Lack. & Western...
214% {212% 212% •212%214% N. Y. N. Haven & Hartf.
r
85
95
47% 4834
78% 79%
57% 68%
48%
78% 79%
57
58%
47
Banks
Sid
CITY
Ask
America ... 525
AniorKxch. t290 295
Astor....... 090
BoweryU .
300
Broadway... t440
*\i
Butch's&Dr 135
Central..
Century ^j
Chaae ...
Chatham
*
i
Sid
Ask
Chemical.... 4100 4200
KEW YORK
185
165
700
330
62 34
32% 33% N. Y Ontario Western.
53% 54% Norfolk & Western
9134 9134
Do adjustment, pref.
90% 91%
73
•98
• 76
145
•36
74
104
82
<fe
.
65
Northern Pacific
99% 99%
73
*100
•77
147% 145
"35
40
85
95
Do
Ry
pref
76
104
82
Pacific Coast Co
41
85
95
Peoria & Eastern
Pere Marquette
Do pref
Do 1st pref
Do 2d pref
140% Pennsylvania
<fe
St. L.
Do
45% 47%
78% 79%
55% 56%
45% 47%
78% 79%
55% 67
Banks
Sid
pref
Reading, vot'g tr. ctfs..
1st pref. vot. tr. ctfs..
2d pref. vot'g tr. ctfs...
225
14th Street]!. 105
City
603% t612
Fourth
300
Columbian .. 340
Commerce... 370 380
Corn ExchU. 440% t
East River.. 145
Colonial!] ...
145
195
11th Wardll. 150
Knip'eStatell 205
350
Fidelity U
Fifth
veil.
Fifth
233%
3250
300
Gallatin
Gansevoortfi
Garfield
240
410
250
430
135
500
175
Hamilton'ii .. 160
Hanover
080
Hide & L'ath 150
Sid
Banks
Imp
German Am] 140
German Ex] 340
German iall .. 500
Greenwich
t
Ask
First (new).. 775
Citizens'.....
A
Dee
Jan
'-
09
18
J'ly29
Jau 30
69
45
1
J'ly29
J'ne
11,200
200
10
10,300
J'nt
21
4
J'ne
12
Jiy
6% Mar
20% Nov
27% Dec
63% Dee
43% Dec
54% Mar
94% Apr
10% Sep
Mar21 15 Sep
Apr 12 38% Oct
Apr 1
74 Oct
Apr 20 12% Mai
167% May
Marl5 144 34 J'ne
65 Jan 2 67 34 Febl4 53% Mar
7%Jan28 11% Apr 2 2
5 % Sep
40% May 9 64%Nov27 30% Jan
6934 Jan 21 82% Dec 4
58 Jan
39 % an 4
41 Jan 31
81 Jan 4
17 Jan 18
61
.1
68
95
30
9 208
20 Dec
191% Dec
00 Dec
12
8% Dec
4,400
42% Dec
2,500
74 34 Dec
8,979 124 May 9 15434 j'ne29 110 J'ne 132% Lee
3,045 21 Jan 21 43%J'ne21
11% Jan 27% Dec
1,350 48 Jan 21 87%J'ly 1
39 Sep 58 Mar
800 21 Jan 8 41 J'nelS 10 Jan 25 Dec
2,328 77% Dec
79%Nov2Si
700 13% Jan
25 Apr 30
7 Sep 17% Apr
1,200 35 Jan
49 Apr30 27% Sep 43% Apr
3
300
Dec
5 4 Jan
18% Oct 2
3% May
45% Sep 30 14% Oct 23 Dec
24 Jan
2,700 3934 Jan 21 70% Nov25 20% Mai 52 Dec
30 108%Jan21 135% Sep 27 83% Feb 115 Dec
8230 April 8355 Nov 2 8197 Jan 8240 Deo
4,350 67 Jan 3 83% Deo 5 47% Jan 89 Mav
65,170 76 May 9 11134 ,j'nel7 6S 34 Sep 89% Dec
303,730 83 May 9 145 Dec 5 84 J'ne 116% Dec
50,840 150 May 9 177 J'ne24 14334 Sep 182 Feb
180 27 Jan
41 Nov22 24% Jan 3 7 % Apr
100 79% Jan 15 93 Sep 18 70 Feb 84% Nov
6,300 1234 Jan 21 30 May 2 10% Jan 17% Dec
4,000
5 Mar
3% Jan 24 15% Oct 12
2% Sep
107% Mar 4 180 Nov25 8104 Jau 115 J'ne
tv";iji)
07% Jan 19 lll%J'lyl9 45% J'ne 71% Dec
200 101% Jan " 124% Oct 23 87% J'ne 104% Nov
7,250 15 May 9 30%Nov25 14 Sep 27 Apr
2,0',
49 Apr
91%Xov25 47 Xo\ 09 Apr
2,150 15 Jan 21 35% Apr 20
17%Dec
9 Sep
5,O0o 37 .May 9 68% Apr 19 25% Sep 47% Dec
121,100 09 Jan 4 124%J'uel4 38% Jan 72% Dec
May
8lS>i%Jan
197% Apr 9 'a^:;%Jan
112,257 139% Jan 21 174%Nov25 125%J'ne 145 a 8 Dec
2,700 10 May 9 57% Sep 28 11 J'ne 24% Dec
250 97 Mar 1 120 Sep 18 75 J'ne 110 Dec
300 47 Mar 1 95 Sep 28 29 J'ne 58% Dec
J
j
fe
8409
Nov
7
Apr
420
1
May 420
400
Ask\
.
1|
175
Meroh Exch. 158%
710
Merchants'.. 190
Metropolis H 650
t
J'ly
4134% Jan 15 139 Feb 21 8130 Jan {135 Mai
622 8206% Feb 2 7 217 J'ne24 820"34 Sep 8215% Jan
33,320 24 May 9 40% May 1
18% J'ne 32% Dec
48,100 42 Jan lo 61%Nov25 22% Jan 45 34 Dec
1,600 82 Feb 15 92%Nov22 67 Jan 83 Dec
77% Jan 21 ||700 May 9 45 34 Sep S0%Dec
9,780 84% Jau 21 113% May 7 67 Sep 91% Dec
1,700 52 Feb 1 78 Dec 2 40 May 62 Nov
348 89 Feb 25 103% Dec 2 82% Sep 90% Dec
130 03 Jau 8 83 Nov29 57 May 69% Oct
199,558 137 Mav 9 161% Apr 22 124% Sep 149% Dec
700 14% Jan 22 50 Sep 27
5 J'ne 18 Dec
100 3334 Jau 9 94 Novl3 20 Jan 35 Dec
72 Jan 2 86 J'nel7 55% Jan 73% Dec
57 Jan 30 80 J'ne 7 49»4 Sep 80% Jan
58 Jan 4 108% Deo 2 78 J'ne 94 Jan
159,966 24% Jan 4 52 Nov25 15 Sep 26 Deo
23,590 65 May 9 81 Nov25 49 Jan 71% Deo
60.100 38 Jan 3 61%Nov29 23% Sep 39% Deo
Trad. 590
Irving
195
......
Leather Mfr. 265% t
550
900
Manhattan^]. 310 325
Market cfe Ful 255 265
Mechanics'
292% t
Mech cfe TraTi 150
Mercantile.. 265 285
cfe
Dec
12
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Apr
Apr
56 % Jan
J 'lie
88% A l>r 22
Nov
ict
14% Dec 11 17 Dec 5
36 Dec 12 40% Dec 5
760
5 Jan 9 12% J'ne 5
1,750 13% Jan 8 22% Sep 30
135,955 24% May 9 45% j'ne 4
24,695
ran 21 73%Nov25
pref
182 \ Great Northern, pref
Morris
3,400
2,900
3,100
Terre Haute..
Pittsb. Cin. Chic.
48% 49
79%
3734 58%
1
1
pref
Des Moines
14% 15%
30
38%
38
Do
60
165%167% 164% 166% 16034 104
100 34 163%
50
49% 49% •48
48
48% 47
48 34
«117%120
I
4
.
cfe
•87
L8
Dec
25
.
8
8
Do
deb. ctf. B
62
62% 62
62
60% 62
60% 62
62% 62% Hocking Valley
81
81
81
81% 81
81
80% 81% 81
80% 81
81%
Do pref
137% 138
137%138
136% 137
136 137% 137% 138
136%137% llinois Central
37
37% 37% 37
36
37
37% 3734 38% 37
34% 35% owa Central
»70
75
73
74% 72% 74
71% 72
72
72
70
70
Do pref
S334 33%
33% 33% 33
33
Kanawha cfe Michigan..
78% 78% 77% 78
78% 78% 78
78% 78
78% 78
78%
C.Ft.S.<.feM.,tr. cto. pfd
20% 20% 20% 20% 20
20
Kansas City So. vot. tr.
44
45
45
44% 44 34 44
44
44
42% 43%
Do pref. vot. tr. ctfs
•15
15
16
15% 15% 15
15
"14
•14
16
16
16 Keokuk & Des Moines...
•40
*40
*40
45
45
45
•40
40
*40
45
45
45
Do pref
•68
70
70
67% 67% 65
66
65% 67% 68
64% 65 \ Lake Erie & Western
•122 132 •120 130 • 122 133 *120 133 8130 130 •126 130
Do pref
L. Shore
Mich. South'n
8134 83
82
83
80% 79% 80
82
80
82% 83
83 Long Island
34 100 3
105
1023
105%106
106%107
105% 100%
4
103% 104% Louisville it Nashville..
4 105
134%13034 13334 137% 134% 137% 134 135% 131% 134% xl31%133% \fanhattan Elevated..
100%102% 158%101 34 158 101% 158 159% 156 158 a4 150% 159 I'-Letropolitau Street...
•39
*39
-39
41
41
•39
41
41
39% 39% Met. West Side El. (Chic.
*90
•91
•90
92
92
91
92
'91
91
92
Do pref
223
22%
22%
22%
22%
22
22%
2234 Mexican Central
22%
22
22%
22
4
14
14
13% 13% 13% 1334 13% 13% Mexican Nat'l tr. receipts
14
14% 13% 14
150 175
145 175
•150 180
•145 170 Michigan Central
150 175
106% 106% 105 10734 107% 109% 108 108 8 107 108% 108% 108% Minneapolis & St. Louis.
•120
122
121 122
Do pref
33
33%
3234 33%
32% 33% 31
32% 3034 32 Minn. S. P. & S. S. Mane.
82% 34
87% 87
87
87
87% 88% 89% 87
86
87% 88
87%
Do pref
25
25% 25
•25
26
24% 24% 24% 24% Mo. Kansas & Texas
24% 26% 25
49% 50
50
50%
50% 52
49% 50% 50% 51% 60% 51
Do pref
102% IO334 101 34 104% 103% 105% 102% 103% 100 34 102 34 101 10234 Missouri Pacific
•117%120
9
Marl9 122
Mar
40
77
1
21
May
97
1
6 Sep
40%J')y
1
61* 62%
103% 166
i
I
18,900
*
Green B.
167
!
65
7 84% Sep
Vov25 4 7% Feb 01% Dee
'176 185
175 186
200 15% Jan
Not22
Jan 150 'a l<ec
45% 46% 44% 45% 45
45% Chesapeake & Ohio..."... 21,500 29 May 9 52% May 3 115
24 J'ne 42% Dec
34
31% 33
34
82
33 Chicago & Alton
9,050 27 May 9 50% Apr 30 31
42 Dee
77
77
•76% 77% 77
77%
Do pref
1,700 72% Jan
78'-.
82% Apr 30 08%
198
193 ....
193
•.'Chicago Burl. <fc Qulncy
138%
Jan
L99%Apr30
119%
Jan
144
Dee
3
j:136 4 136»4
136
ise"
'hi.-ago«fc East'n Illinois
400 91 Jan
139 Dec 6 88 Jan
.Mar
140
140
Do pref
Jan
136 AprlX 119%
125 Aug
22% 23
22% 22% 22% 24 Chicago Great Western. 28|450 120%
16 Jan
27 Nov 11
9% Sep 18 Dee
92% 92% 92% 92% 90
93
Do
4
p. c. debentures
1,050
J'ly27
90
Marl."
94%
J'n.
81
94% Dee
•85
80% 85 34 86
85% 85%
Do 5 p. c. pref. "A".. 1,600 75 MaylO 90%J'ui24 68%
82 Deo
841% 41',% 43
43
43
44%
Do
4
c. pref. "B"..
p.
2,010
41
Dec
Marl4 30
45 Dec
45 34 46
45% 46
45% 40 Chic, lndianap. & Louisv. 6,775 23 Jan 219 56
60%
Not22
Jau
14
29
Apr
74
74
73% 74% -73
74
Do pre!
1,319
Jan 21 77% Sep 10 45% Jan 64 Dec
159 101% 157% 159% 157% 159% Chicago Jfilw. cfe St Paul 267,49^:
L34 May 9
May
1 OS % J'ne 148% 1"
185 188% 185 188% 185% 187
Do pref
626 175 May 9 200 May 3 109% Jan 1X7% D(
206 206
202 203 •E197 200% Chicago & North Western
2,600 88 % Jan 21 215 May 1 150% J'ne 172% Deo
Do pref
Mar 1 '^48 April 195% May 220
148% 149% 140 14734 146% 147% Chic. Rock Isl'd <fe Pacific 12,375 207
11 6% Jan 4 175 % J'no 5 102
J'n< 122%
145 140
140 140
135 140 Chic. St. P. Minn. & Oiu.
200 125 Mar 2 140% Nov22 110 Oct 120 Nov
190 200 *190 197
190 198
Do pref
180 Mar29 201 April 172 Feb 175 Mar
15% 15% 15% 15% 15% 15% Chicago Tenu'l Transfer. 3,100 10% Jan 19 31 AprlO
8% Oct 14%
*29
30% 29% 30
29% 30
Do pref
4,6oo 283 Dec
57%Aprl5
Oct 39% Apr
97
98%
96
96%
90% 97 Cleve. Cm. Chic. <fc St. L. 8,000 73 4 May 101 Nov 8 26%
55 J'ne 76 Dec
120%120% 120 122
118 122
Do
pref
500
U534
Jan
12
124
Nov25
118 Dec
103%J'ne
•30
-30
45
45
•30
45 Cleve. Lorain & Wheel'g.
27% Jan 7 42%Nov2
14% Jan 30 Nov
•76
90
*76
*70 100
90
Do pref...
7 78 Nov27 46 Jan 72 Apr
13% 14
13% 1334 13% 13% Colorado & So., vot, trust 9,900 076% Aug
Jan 21 18 Apr 29
5 Sep
8% Dec
50
6534 557,
66
65% 56
Do 1st pt vot. tr. cfs
6,230 40 Jan 31 59% Nov29 30 Sep 47% Mar
25
25% 24% 24=,
24% 2434
Do 2d pt vot. tr. ctfs. 1,800 10% Jan 4 28% Apr 29 14 Sep 20% Mar
169%17234 108 171
170 172% Delaware & Hudson.,
17,250 106 May
L86%Apr 3 100% Sep 134% Dec
242 247% 242 243
243 247
elaw. Lack. <fe West'n.
9,»00 188% Jan
249 Nov25 171% Sep 194 34 Dec
43
43% 41% 43
42% 42% Denver & Rio Grande
3,220 29% Jan 21 68% May
16% Jan 34% Dec
92% 92% 92
92% 92
93
Do pref
4,479 80 Jan 21 103% .T'i
64%J'ne 87 Dec
*48
50
50
55
849
49 Denver & Southwestern.
225 49 KTovl2 71 Jn,
80
178
•60
*37
185% 187% 183%1S5% 18434 185
164
48
81
Nov2
Not22
84
Jan
7n
81,610
600
49,565
700
pref
Buii'alo
Sep
42% Jan
511
173/jnii
Uyn Rapid Transit
62*4
F1I1 20
20
200
pre!
i'i>
-93% 94
111% 112%
14% 15
38% 3834
10% 10%
*59
•85
60% 61%
Ann
64
76% A.tch. Topeka <6 San
98%
110
prel
101% Baltimore* Ohio.....
1
60
00
«59
•85
v
94%
11034 121
110 146
110
39%
14% 15
14% 15
38% 39
37% 38%
10% 10% *10
10%
19
19%
19
19 \ *19% 193.,
a
39
403
40%
39%
4
38%
39%
t
70%
70% 71% 7034 71% 70
56% 65% 65%
55% 56% 56
36
98%
101
33
.
"25% 26
171 171%
•25% 26
91% 92%
150
197
*30
•76
14
5634
13% 137,
66% 57
168
240
44
62%
%
•30
•02
75
07
'
'
u i;>4
99%
10134
893% 93 a4
9^
100
1
7 5 3,
Railroads.
Arbor
.
22% 23 14
93% •92 4 93 Hi
23 %
si; % 87
80
41
43
44
43 a4
45% 46% 45% 45%
46 "a 47
74% 74% 74% 74% 74 14 74 '4
103% 165% 101% 103'8 161 103^
fl85 189% *188
185 189
203% 203% 201 207
207% 207 Hi
147%150
140 1 48 % 148 150%
Kl45
7
112% 113% 111%
85%
83
68
77
01
170
180
45% •17
33% 85
*
»S0
88
116% L25
1
141
22% 28ia
•92% 98 "i
87
•44
'.,
n:<
8 %
175
36
......
•30
76%
140
112
83
4<53b
J193
• • ••••
l
61%
110% 117
112
33
•60% 68
LOO
03%
96%
1
!C.
8
-30
Sid Ask
Banks
Mt Morris*;.. 150
Mutual'
Nassau'
Ninth
North Amer.
190
190
1400
1500
210
325 345
150
104
275
Oriental"!
233%
Pacitic'j
205
615
New Anister
New York Co
N Y Nat Ex.
New Y'ork...
19th Ward';.
Park
State bank*
Bui and askoil prices; no sales were inailo oa this day.
8 L^si tn in 10J su ires.
a
1 Es ngius.
Sale at Stock Exchange or at auction this week 4 Stoclc '•cornered" sales for 'cash" were made as high as 1000.
t
Banks
People's*]....
Phenix
Plaza";
Prod Exch*;
Riverside",
..
Seaboard
Second
Seventh, new
Shoe cfe Leth.
State'
State of
N
Y"
12th Ward*
23d Ward*;..
(
Ex
s
.
dividend and rights,
Trust Co. certificates.
December
8T0GS8—HIQMEST AND LOWEST
Monda
Eaturdtnj
Dte.
f
lite,
^.i/.A'
Wed iv
/in/
i)
Dee 10
V
/',<.
/'/.'/•
I'll III S,
hi
1/
H,c. 1J
11
10
•104 12
584 584
11
111
574
l'.'O'i
194
ao
10
1804
129%
62%
804 81
894 70 u
27 4 27'-.
52
oi-'j
*804 83
70
704
27 4 274
59
•lit
129*4
5
•
8
1
1
7o
4 PS
1
384
•120
194
120
19
12
20
1
-.
•324 34 4
100
»160
ia
105
27 4
60
504
•JO
10
18
48 4
98
200
180
65
68 a4
3
10
2
11
88
98
86
•ia
•46
20
4
'180
60
2=
11
40
40%
964 264
04
•10
45
51
04 4
90
51
304 82%
87 % 88
88
5
4
5
*54
4
24
43^4
97
42
'
1
89
54
•20
23
42 4 444
97
96
42
89
110
100
*97
115
•97
164
10 4
2
4
121
19
1
27
4
4 684
7
1
1
314
99 4
00 4
8
164
1
874 38
1
2
1
4
384
122
4
200
185
67
3
71 34
•
1
•394 41
41
264
20% 203)
644 04 4 •64
20
50
31% 324
89 4
^\
-54
234 234
434 45 a4
96
974
404 40 4
20-8
05
•15
•45
29 4
8734
20
50
23
23
-54
31 3
4
89
6
434 44%
96
115
100
16"b
•97
100
964
100
514841484
15% 15%
164
16
79
31
122
'.
2
•
34
10
9
154
634 694
15
23
23
71
•30
•81
714
31
82
•44
B
614
63
44
35
154
•724 75
•85
92
11% 114
814 813.
154
15
61
4138
9034
63
»122
•190
91
140 4
»160
51
424
924
63
125
200
'8
•9
10
15
15%
68
69
21 34 22%
x684 69
29
80
•81
82
614
•14
3
77
44
63 4
35
16
•14
•72 4 '8
•88
93
114 114
814 81%
15
15
504 514
40% 41%
904 91%
•614 63
1224
*122
-180
200
*3%
94
15 4
694
22
684
•29
*44
62
•35
•14
Twin City Rapid
Do pref
Union
2.20."
Transit.
Wisconsin
1
28
Muv
o.v,
J.'in
•39 4
2u J4
•63
•10
40
41
26%
87
•02 4
•16
•45
30
87 4
6
23 4
•22
65
19
81
233,
114
1
40
29% 304
874
•54
224
42 3
4
4334
90 4 974
54
•97
434
-97
100
•15*"" 164
•76
79 4
294 31
1*1*5**
pref
51
Do pref
American Locomotive...
Do pref
American plaiting
Jin
'J
1
29
974
-4
J
.111
Jan
Jan
May
Muy
Do pref
American Snuff
American Tobacco pref...
American Woolen
Do
pref
Anaconda Copper
Brooklyn Union Uas
runsw. Dock & C. Imp't
Clolorado
/
Do
Col.
&
Fuel&
Iron...
pref
&
Hock. Coal
Iron
Consolidated Gas (N. Y.).
Continental Tobacco, pref
Diamond Match
Distilling Co of America
Do pref
General Electric
2
1
1084 Nov29
3
26
484
I
22
31
Laclede Gas
Louis).
Do
,
pref
..,
,
Brake...
North American
Co.,
new
Pacific Mail
Gas>L.& O.
Pressed Steel car
in
4
•3 34
10
Sep
8
J'u.
!
60% Mai'Js
'.'
88
28
'.'
35
92
35
(Chic.)
pref
44
7434
7434
•88
89
89
93
8134
11%
814 82
16
15
50
50
114
41% 42
914 914
614 614
200
36
134 14
144 144
•724 76
•15
814
•34
11 34
15
36
144
7034
14 34
73 4
•88
11% 11%
814 814
14
•34
15
50 4
4034
00 4
92
114 114
8134 81%
14
144
•49
52
50
604
39% 40%
40% 41% 39%
8934 91
904 914 80 38
604 614 604 004
•122 1224 •120
122
50
:i
'180
200
•180
200
180
91% 904 914 914 91% 904 914 90% 914 91
1494 14641484 14841484 1484149 •147 1484 145
160 164 •160 164
104
1634164
200
914
148
27
Mar
4 Sep
1
J'nell
10
49% April
30
Sep
Sep
!200 Nov 10 111
L80 .rn. i',
20
57
Jan
1
Not
150
;
Apr
994N"v
84Apr23
35
36
89
Apr 22
J'ly
Not
4 Jan
12
3
72
2
'
37% Apr
Nov
"To
}94
137
30
69
3
7
104
Jin
7
J'ne25
184 J 'in
31
Apr20
34
3
4
Feb 26 1044J*ne20
FeL
00
34 4
J
'4
J'n.
49'eJ'ne 8
Aprl7 90 J'nel4
Oct 7 L53 J'ne 8 054 Mai 149
Sep 30 130 J'ly 19 107 Mai 118
Jau 7 loo Apr 13 J87 ^'i
Jan 2 150 J'lvi- 128 May 140
Dec
J'ly
1
Feb
1,100 134 Mar 15 214 Jan
116 70 Mar22 82% J'ly
2941)10 12 544 Apr
32,18
125 175
200
8'%
11,600 414
11 110
3,150 12 4
9.250 187
100 934
300
21 4 Dec
224
2
70 Dec 703:
1
10
37%J*n< 544 Api
Apr 15 140 Jan 183
I
Jan 18 228
Jan 19 14%Marl9
J an 21 1364J'nel7
1424Apr29
Mail'.i
Oct 23
Jan 18
Jan 2
1274 Oct 10
64 Oct 11
234 Sep 13
183 4 J an 10
37 Oct 24
04 J'ln
8
37
92
15
Jail
504 Dee
204 Sep
Jan
Oct
117
Apr
Nov
Nov
254J'nel7 114J'ni 21
238 Apr 15 U64 8. p 201
124 J'neio 70 Maj 95
1524Aul'2'.i
104J'nel8
U 4 Nov 9
289% Dec
120
•
65
May
Aug
22
Maj
Nov
Nov
60
Dec
92
No\
N01
J'ne 56% Dec
34Auw 10% Jan
144 Mai
58
24
Mai
28
70
05
90
Dei
Dee
Dec 77 4 Dec
Ma; so Jau
Jan loo Jan.
.May
04 Jan
Jan 18 95 4 J'ly 8
Jan 21 1064Novl2
Oct 12
Die
Jan
44
2
93% Mar 5 107
5
184MaylO 2 8 Mar22
69 Jan 21 814 Sep 10
54% Jan 2 1004 May?]
54 Feb 7 11 Jan 5
33 Apr 25 51 Dec 4
24 4 Jan 22 49 NovlO
74 Jau24 89 Oct 10
70
95
Jan
4 Jan
50 4
99 Nov
'ii<
Marl'.'
AprlO
Jan 21 40 May 3
Jan
103%NTovl8
Marl 4 254J'nel2
MaylO 93%J'nel3
23 J'ne
70 4 J'ne
404 Nov
154 Aug 284 leb
Au 1064 Feb
83
46 Nov
oct
50 Mui'2
32 '4 Del
70 '4 Nov
200 0134 Oct Kl 84 Marjl
2,500 183 J'ly 15 175 Apr26 112 Sep 1,5 Nov
2,500 734Feol4 100 J'nel8
Nov
4,70n 304 May 9 49 4 Nov 11
25 34 J'ni
r
24,80
95% Jan 21 120 4J'ne21 81% Oct 11^ 1 4 Apr
Jan
8,010 80 ."Mar 7 52 Jan 2
Nov
2,40
72 4 Mar 5 89 Apr 29
70% Sep 8
in
1,252 195 4 J an 21 225 Oct 17 170 J'u.
28
pref
eop.
2%
450 81
pref
New York Air
Do
73
11
600 114
2,000
120
3,000
,
pref
National Salt
Do
88
26
,
National Lead
Do
J
I
500
815
200
734
150
Pump.
Manhattan Beach
National Biscuit
•
004
21
1
22% Mnv
384 Oct
3,130
1,033
Do pref
Internaf'l Steam
Do pref
Do
70 4
146
4 Jan 24 304J'ly 9
Jan 2
66 J'ly 9
Aug 13 334NovlO
83% Oct 4 91 4 Nov 10
44Peb
J'm-2ii
B
70o
pref
International Paper
Do pref
International Power
International Silver
(St.
9
.May'J'J
22 4
800
23,990
5,700
100
100
78,988
3,095
3,292
8,974
2,160
Glucose Sugar Refining.
Do
Jan
5
"Too 31
85
Do pre!
121 American Sugar Refining
115 4
Do pref
100 American Tel'gh & Cable
"16
'•
8
1
32,050
5,320
000
23 4
Do pref
44 4 -Vim r. Smelt'gtfe Refin'g.
•96
3
:
American Linseed
4
6
J 'in-
lni)
240 85 Apr 10 01 4Jan 8
Apr
160 5100 Jan 12 210
{142 Mai 191 De<
450 40 Dec 8 45 Nov 25
6,501) 25% Oct 2 41% Maris
J'ni
494 Apr
b'eb300 62 Oct in 7 74 Mar22
iJ'ne
..
20
30 34
S7 34
53
J in
-May 8
.,
4 4 Jan 21
38 4 Jan 17
4,146
3,610
(
1
45
24
400
800
prel
% Jan
21,090
81, ion
05,0011
2,800
pref
Do
Si p
71
21
21
(llaceuaneouo.
Adams Express
66
64
Apr IS
Sluy 9
70
int. v. tr. cto.
prel, vot. tr. otto.
hi
.".
May
Kin 147
I'acillc
2ii
1"
1
in', I'cbli.
Do prel'
W'aboish
'V Do pref
Wheeling 4 Lake Erie...
Do lstpref
i'u
.1.111
.M11V
1,200 117
Otto
1'.
1
'.'
Jan
Jan
23% Jan
v. 11. otto
vol.
4
.May
is
19.810
13.7011
(N. V.)...
W.
A-
in'i'f.
1
Ma
I
.'!
1
Texas Pacific Land Trust
Union Bag<& Paper...
600 19
1,550 12
2IKI 85
pref
United States Express.
27(1 {53
United States Leather..
11.740
7"i
Do pref
6,046
United States Rubber..
2,000 12 4
Do pref
1,300 47
United States Steel
204,194 24
Do pref
119,101 69
Virginia-Carolina Chem
1,000 51
Do pref
110
\ Veils, Fargo & Co...
J130
'» est'u Union Tele' gpli
9,700 61
West'gh'seEl&Ml'gasseu
2,100 145
Do Istpref
157
Do
104 Mar
4 Feb
Aug 7o a4 Feb
49
594 J'n.
Jay 9
May
May
34
85
4
'J
9
.'
A [ir 20
Jan
Jan
Nov
71
Nov
K14 Jan
Feb
21% Deo
Feb
J'ne
I114
'.'
4
2
13 '-J'ne
211
Apr 12
Oct
Oct
_7
4»->Mai
Apr
42
!9%J'nel7 10
April
Deo 4
Jan 26 LOO AprlO |45
74
May
Way 2
Jan 18
_4Mar
4 Aug
7-4 Oct
8 1 J'm
(i
11 3
'180
I,.
1
I
J'ly 16
1
37
15
4
St.
DO
•1
1
Pullman Company
*3% 44 Quicksilver Mining
100
1% Apr 92 54 Mnv::i
•94 12
•9
11
7
-Mar20 12% .Ma\"2 7
11
l)o pref
100
94 -9
15*4
I434
15% 15
154
4,340 11 "4 Sep 13 24 J nel7
15% 15
Republic Iron <fc Steel
67% 684
6938 •684 69%
4,40(1 554 Jan 21
68
69
Do prof
82 Apr
19
21 Rubber Goods Mfg
24
21 34 23
23
23
3,800 19 Deol3 38% May 2
65
68
69
Do pref
1,150 65 Deo 13 90 May 2
68% 5694 694 •68
•294 304 •29 4 304 S loss-Sheffield St. & Iron
•294 31
600 19 4 Feb 6 414 Apr 2
30
•80
•81
82
8
Do
pref
10 05 4 J au 22
\pr 8
482 4 824
-4% 5
500
3 4 Mar
44 44 •44 4% Standard Rope & Twine..
4%
84 J'nel3
624 5834 614 69 4 GO 4 Tenn. Coal, Iron & Rlt... 19,700 494 Mar 7
r'nelS
634 61
*3%
4
•724 76
92
Avenue
hii'il
1..1
4 Juo
29
Pacific
A;
I
Jan
H
1
195 200 American Express
40 4 40', American Grass Twine
20
20 4 American Ice
.)
4
i',200
\;b
2
75
I'u
prel
rn Pacific
.
1:0
13.IMHI
—
pral
fi
1
17
1,480
Vililollilack...
>.in i- ran
.
20 prel
in
Do
200
1
•34
2i
III.-
1
23.,
-78
70 4
80
80
79
577
2934 314
29 4 30 4
32
304 31%
29% 31
•208 214 *208 214 J2134213
205 205 •200 210 •205 210
12
*10% 114 *10% 114
104 •10
104 -10
104 li>4 •10
893
89
89% 89
844 88
774 803* 77
79%
80 4 90
4
•127 130 •125 130 5125 125 •125 130 •125 130 •125 130
15
15 4
15
10
104
10
15
154 16
144 15
164
213 215
213 2144 2114 213
8154316*4 214 21434 21434 216
110
115 115
5130%13O4 1304 130 4
130% 130% 130 130 '125 135 •130
7-4
-7
7
7
74
8
7
7
7
7%
7% 7%
29% 30%
32
304 304 29
30
304 314 304 31
82
274
281
281
279
281%
284
278
271 2774
282
280 4 283
39
3934 '384 394
39
39%
39
39
39
39%
39 4 40
96 100
"99 100
96
96
97
96
96
90
96
19
21
20
19 4
204 20
20
204 90%
20 4 204
21
•77
784 76% 7634 774 77% 774 774 •77
774 a;754 75 4
*883
•89
89
89
89
89
89
89
89
4
4
»94
89
4
894
'7
74
8
838
8
84
7
74
8*6
74 74
•45
45
45
•444-.60
464 464
4s
484 •48
50
484
48
484
5504 504 484 49
•864 874
•80 4 874 -86
874 '86
874 •86
874 87
87
90 94
•90
•92
'90
•92
•94
94
94
94
94
-105
*103 108 •102 108 • 102 100
•102
102 108
•9
-10
•9
-10
-9
13
13
•10
13
14
14
13
43 3
434 44
434 434 424 434 424 43^
484 13 4 43
51024103 '1024 104 1024104
102 4102 4 • 102 4 104
•104 17
17
17
17
17
17
17
174 17
17 4 17»4
•784 84
•82
•83
85
85
85
83
83
82
83
83
30 4 304
02
62
3
167 167
158 158
156 1594 155 4 150
159 160
150 168
93
94
94
91% 924 92
934 92
92
92
92 4 924
434 433,
44
46
45
45
44 34
43
44
444 45 34 45
99
97% 99
984 99
984 90% 97 34 984 964 97 4 98
38% 38 4
41
40
41 \
42
39
40
384 39
414 42
82'
*84
824
•83
86
84
844 824 834
854
854 86
212 212
212 212 5210 211
213 213
21542154 215 215
•79
•
tr.otta
1
l.oins BuUtlVn r»lrlll..
'I'i
I
5195 195
00 4 OS'-.
>
85
'97
St.
1,100
1,500
[Ml. v. ir. otft»,
<i.
1
60 9146 Jan 8
malgamated Copper... 897.7s: 644 Deo 7
3,00ii
14 Sep 25
Unerioan Bicycle
9
000 10 8ep30
10
10 1
10 4
Do pref
'29 4 30
204 30
American C;ir<fc Foundry 29,270 19 Jan 21
4,032 07 Jan 10
85
854 85 4 854
l)o pref
1,700 244.Mi"' 9
274
284 American Cotton Oil
27% 28
180 200
69 4 72
•2
1
.
otto..
Southern voting
in)
pref. vol. ir. otto.
1
><
.
ir.
19 4 10 u
{19 4 19%
19
32
32% 324 •81%
39
105 4 loO
105
106
103 105
1604 153 1604
100 4
97
98% 004
98% "974 88
87
88
874
88
884
21% 224 2 4 22
21% 22%
40
41
40% 42
40% 4 4
<174
18
18
17 4
17% 18
•49
•48
51
50
484
•28
28 4 284 •28
80
30
20
204 20
20%
19% 204
a
40
40
40
40 4
404
40%
4
30
*15
*44
27%
27
57
121
A \
8,600
2 220
1
In
133
1
pref
1 .
A
"1
70
1
24
4
'4
1
'
A
1. (huh a
59
4 32%
9 4
•
Do
Ho
81
204
j
J.
1.
St.
804
H.j
1
n\
'.,
200
-40
s
1
20
69
1
41
11
1
21
11941224 119% 1204 119 1204 119
1144H44 11541154 1144115 •115
1224 1194122
120
•114
32
121
41
71
804 314
*22
43
97
."»7-'i
70
1
•40% 41
26
261
•03
694
•484 50
•284 80
204 21
200
284 29%
85\
•27 4 284
86
203
-
2(Hi
484
7
-10
12 4
81% 294 304
85% 80 4 85 4 86
•28 4
284
28% 28
85
86
85
86 4 854 -85
195
197 202
200 4 200 4 197 202
1*4
294
85%
18>i
29
20 4 20 4
41
40
30%
64%
4 23
404 42%
43
»185
89
21
4
273.
<-4
18%
B8
1
s
81
89
27
57
32 4 .(2 4
105 4 107
150 4 1694
99% 101
88 4 89 4
21 34 93
41
424
18
L8
lo.'.V
..I.J
180
39%
19]
•
62 4
19%
88% 100\
101 4
•Ju'Sj
81
32 4
101
88% B94
214
40^ 41V
18%
•42
88
704
39
123
324
100
100
i
130
32% 33
914 92
89
40
18
21
180
1
I
19
*
\
1
584 684
4
584 59 4
8
103*
17
58
82
10
ll/U»
OTOCltti
-ii IRK
STOCK
\ l.W
.
10
5S
•ia
1251
StOCk Record— Concluded— Page 2
1901. J
14,
05
21
2
2
Feb
Deo
Jau
-Mai
J'ni
J'n.
J'ly
44
74 4 Dec
I
Nov
Jau
Jau
:>:>
Apr 30
101% Apr 30
72
125
.M.u.ai
Jan 11
Jan 21
140
120
.J'm
Nov26
Nov27
Deo
Jan
«ov2"
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
NEW YORK
CITY
Banks
Bid
Ask
Union SqU... 300
Vanek
225
1
"XorkvilleU
..
240
BKOOKLYN
Bedford^
225
Broadway^].. 250
BrooklynH .. 120
*
1
Ask
8th AVardll 5th Avenue! 100
85
110
295
Kings CoU... 130
635
Banks
Mid
Ask
BROOKLYN
First
"Washin^t.'nl 200
West Sidell.. 600
Western
610
Bid
BROOKLYN
Manufactrs'. 285 300
Mechanical! 2174
t
Mech <& Tral 270
Merchants'.. 100
17th Ward,!. 130
Sprague
200
213
20th Wardl]. 140
UnionD
140
WallaboutH . 105
100
City
North
Sidell.
People's!
350
290
175
206
final Co's Bid
MortonTrusl 11954
Central Tr'sl 1925
City Trust... 8824
NVSi
Colonial
Continental
t
t
370
450
North
Seal Esl ir
81anii:mlTr'l
t
Farm L0&T1 11011 1500
Ave Tr 1050 1150
Trust Cos.
N. Y. CITY
Atlantic Tr.. 233%
BovtTgeJreen »200
t
Guaranty Tr 710
Knick 'rb'k'r 720
Manhattan .. 475
.Mercantile .. 975
Merchants'.. 350
Trust Co's
i
1198
4
S
Bid
Ask
.-li
290
in
Hamilton
Kings Co
100
Mamilai
1.
25
lni
1690
Washington. 425
.Mi
\
!
vn Tr
285
1"5
Trust
F 8
B
1300
L150
260 270
350
27.".
Fifth
.
Nat
Trust Co's Bid Ask
C'lK'tyB&Tr 515 535
I
si
;io
410
27.;
I
-
t'i's.
."2U
1
s
Willi..:
3 5 or
209
215
Metropolitan 525
Bid and asked prices; no sales were made on this day. i Less than LOO shares.
Sale at Stock Exchange or at auction this week.
* Trust Co. certificates.
t
Kx
risjhta.
U
BAUki uuxKod with a paragraph
^'.j are.
il.Ua b>nks.
New York
Stock
Exchange— Bond
<m:<:i
BONDS
lTicf
SXOOB EXCHANGE
Week knuinu Die, 18
N. Y.
"V
U. S. Government
s 2s cousol registered. dl930
coupon
d 1930
S 2a consol reg small...
S 2s consol coup small. il 930
S 8a registered
M.918
s 3s ooapon
fel918
"U
i'1-k's
Last Bale
Ask Low
Hid
High
5"=
Kange
So
Since
aqos
tfo
I,
BONDS
1
105*4 109*4
105»4 10534
10h' 8 109
...
r
107 >* Oct
108H» 109
Q-F
q-j
Q-J
F
'
F
1
Q-F
q-f
107Hilll 3B
'01
l
1083b 109
108 109
11134 sale
in 108*4112
Nov'01
jir>4
4
112^113>« 113
113
189% 140 139*4 Nov'01
13938140 139*a 139 Hi
107 l4 10734 110 Miiv'Ol
107*4 1073., 107*4 Dec'01
108
100 4 1]2
lll»8ll4*a
112 lir.'i
137 1 39*,
136Te
110 111*8
107*4 113io
:'
111 3
£1
->
N. V. ST'KK' I..VHANGE
\\Ti K.M.iMi in.
:;
1
1
.
1
Low Jliyh Central of N 3—fOonttnm
Am Dock A. in]) ga 5m. 92
]or>Hjio<i'„
1
V S 3s reg small bonds../. r.Us
V S 3s cou small bonds. .fclOlh
V S 4s registered
L907
V S 4s coupon
7il907
V S 4s registered
1926
V 8 4s coupon
926
1J S 6s registered
1904
1904
V S 5s coupon
January
Weekly and Yearly
Record, Friday,
four PAGES
I
108*2 109
109 Oct '01
108*a 109*2 109*4 NoVOl
U S 2s consol
V
XT
V
ii
Rang* or
J-'rida i/
J)ec. 13
PI i\<;
Le&
.
B gen gag 68
Huii
1
1
1920
J
A WlllU I! Coal M..1912M4 'as
(F1910 Q
Y<fc LongBrgengit ::m M
Cent Pacific See Bo Paolflc
Cnarlea \- Sav 1st g 7s
Ohio g 6s ser A..7il'.'n- ACon ext guar
class
A 4 to 5
1906
Class B 5s
1900
Class C 4s
1000
Currency funding 4s
L920
Dist of Columbia 3 (Jos
1924
Louisiana new consol 4s.. 1914
Small
Missouri funding.. ..18941995
North Carolina consol 4s. 1910
6s
1919
6o Carolina 4 Has 20-40
1933
Tenn new settlement 3s. .1913
Small
Virginia fund debt 2-3s... 1991
Registered
GoldOs
alOl
1939
1939
1992
1992
let consol g 6s
General gold 4
Eli
1
'as
glatered
a
M
IVI
M
M
Craig Valley lstg 68....1940
R<fc A I>ivl8tcong4s..l9.-o j
2d consol g4s
Warm Spr Val 1st g5s..lo M
9234 Sale
9234
93
85 91*« 93
EUz Lex & B S gu g 6s.. 1902 M
the ba sis 01 four marks to
ne do liar.
Greenbrier Ry lstgug4s '40 M
90 Apr'Ol
96
97*4 Chic <fc Alt UH s fund Us..
liese are pr ices
n the b asie, o/$5to£.
indingg 3s
Miss Riv B lstsf g 6s. .1912 A
108*2.
108H>Oct'01
108 J 09*2
Railway 1st lieu 3 Has... 1950 J
107 Hi.
109*4 Oct '00
Registered
1950 J
103
103*4
IO31.1
102 103*2 Chic Bur & Q consol 78. ..1903 J
109
109 Aug'01
109 109
Chic & Iowa Div 5s
1906 F
126
126 Oct '01
125 126
1922 FDenver Div 4s
107 Nov'01
107
Illinois Div 3*38
106*al09
19
109 H» Feb '99
Iowa Div sink fund 5s. .1'.'
Sinking fund 4s
1919 A10634
106*4 Nov'01
105 106*4
Nebniska Kxteusion 48.1927 M134
136HiJ'ly'01
135 136*2
Registered
1927 M120 Mar'00
Southwestern Div 4s
1921 M3
97
97
Joint bonds See Great North
98Ha 90Hj
95*a 99 4
95 Oct '01
96*4....
94*2 96
Debenture 5s
1913 M'
99*«....
98 34 Nov'01
93 *a 9834
Han& St Jos consol Us.. 1911 M>
Chic& E 111 lstsf cur 6s. 1907 J
7 14 Aug'01
7*4 1034
1st consol g Us
1934 AGeneral consol 1st 5s
1937 MRegistered
1937 MChic&IudC Ry 1st 5s. 193U JChicago & Erie See Erie
Chic In <fc Louisv ref Us. ..1947 JRefunding gold 58
1947 J'
.1
1
:
.
.
A-0
J-J
J-J
J-J
J-J
J-J
Railroad
Alabama Cent See So By
laba Midi See Sav Fla & \V
Albany <fc Susq See Del & Hud
Stamped
Equip tr series
Ag
7/.1995
5s... 1902
Chic & St Louis 1st 6s. .1915
Atl Knox & Nor 1st g5s..l940
Atlanta & Danv See South Ry
Atlanta & Yadk See South Ry
Austin & N
See Sou Pacific
Creek & S See Mich Cent
Eat
alt & Ohio priorlg3 2S.1925
Registered
7tl925
Gold 4s
7il948
Registered
7tl948
Conv deb 4s
1911
Jun
P
& Div 1st g 3Hasl925
Registered
#1925
Southw Div 1st g 3 Has.. .1925
Registered
Vtl925
Monon Riv 1st gu g 5s. .1919
Cen Ohio R 1st cg4Has..l930
Beech Creek See N Y C & H
Bellev & Car See Illinois Cent
Q-J
96
95 101
101*8 105*4
10134 104
8634 99
95
92
90
96*4
96H;
A-O 102 34 Sale 10234 103 l4
A-O
102 Nov'01
Nov 93 *8 Sale 93 H.
94
Nov
92 Deo'01
3
Nov 93 4 Sale 9334
94*4
J-J
MS
J-D
115 Ha.
108
108
.
108
30 108
109
1
M
Bklyn & Montauk See Long
Bruns & West See Sav Fl &
Buffalo
Buffalo
N Y & Erie
R & P gen g
J-J
Q-J
102*2
104
89
Sale
J-J
Q-J
91
Sale
90^
.VI-
M & St L 1st gu g 7s. ...1927
J-D
South 1st 5s
97
Dec'01
80
112
Nov'01
117*sll8Ha 117=8 Nov'OJ
A-O lOlHa.
J-J
F-A 128
J-D 126
103
127
1311a 129
Apr'97
Oct '01
Nov'01
100
Nov'99
....
J-J
J-D
101
104
104*8 105
A-O 123ia
A-O
A-O "115
1908 J-J
1913 M-S
1913 M-S
Cent
Registered
& Shawn See 111
Carolina Cent See Seab & Roan
Carb
12334
Nov'01
104*8
1233,
117
Nov'00
113*a
Dec '00
1073a 107 a4
108°8 109*4
107 Aug'01
107 hi Sale
108 66 Sale
teMYC&H
CedRIaF&N £eeBCR&N
CenBranchUPlstg4s...l948 J-D
Con Branch Ry See Mo Pac
Central Ohio
See Balti
92Ha
93 *a Dec '01
96
& Ohio
Cen RR <fe B of Ga col g 5s 1937 M-N 103 104 H2
of Ga RR 1st g 6s. .#1945 F-A 120*4 122
Registered
#1945 F-A
Consol gold 5s
1945 M-N 105 ia Sale
Registered
1945 M-N
1st pref income g 6s
76 Sale
#1945 Oct
Cent
2dpref income g 6s.. ..#1945
3d pref income g 5s
#1945
Mac & Nor Div 1st g 6s. 1946
Mid Ga & Atl Div 5s
194
Mobile Div 1st g 6s
1946
Centof N J 1st consol 7s.. 1902
General gold 6s
1987
Registered
Oct
Oct
J-J
J-J
J-J
M-N
J-J
7il987 Q-J
Generalg 3 Has series B.el9s:i
Chic& LSuDivg5s....l921
Chic & Mo Riv Div 5s.
Chic & Pac Div 6s
1910
W
& P 1st g 5s
Dak & Gt So g 5s
94*2
9734
95
97
Far <fe Sou assu g 6s
Hast <fe D Div 1st 7s
103
122
Nov'01...
Nov'01 ...
105
106 H2 120
105>aSep'0]
75
76
142
32*4
32
S3
34 168
18 Ha Sale
I8H2
6
18*a
95 Dec '99
103
102 J'ne'99
10534 Sale 10534 105:<4
102*8 Nov'01
103
131H2l31»4 131% 131*8
12734
130 Nov'01
1st 5s
A-O 105*4106
J-J
J-J
112*2115
"98*2100
M-N
F-A 100*4 Sale
Kings Co El 1st g 4s.. ..1949 F-A
89
90
Nassau Elec gu g 4s
1951 J-J
City & S Ry Bait 1st g 58.1922 J-D
CounRy&Llst<ferefg4 as'51
Den Con Tr Co 1st g 5s. ..1933
DenTraniCo con g 6s. .1910
Met Ry Co 1st gu g 6s.. 1911
Let CitstRylstcongos.1905
Or Rapids Ry 1st g5s...al91U
Louis Ry Co 1st con g 5s.. 1930
Market St C Ry 1st g 6s. .1913
Met St Ry gen col tr g 58.1997
_ Bway&7thAvlstcg5sl943
,
*
No price Friday;
latest
J-J
100
101
A-O
J-J
J-J
&D
L18 Nov'01
8 K
118'a 119H: 119*8 119 H.
121 J'ji. 11.
M)i;'4
107 '1
ib'o'i Sale
103 Apr'Ol
ni7
.N'.iv'OO
108
105 Ha 105 Hi
104*3 106
101*3 Deo'01
a
Atlanta
this
week,
LIS
11 v'4
106
101 *4Apr'99
101 1.1
j I']
t
lol
1023,
1
,
02
Hi
Dec
873„
8734
86
«5"b
86
Sali
I
16 108
11
104
Ill
:!
4
Sale
09 '2 Aug'01
1003BJ'ne'01
I
10008
.
124Ha Nov'01
113*2.
U334 Dec'01
116
116
.
100
102
116*s
Hi
I
86
94
s:JHi
87
Hj
1063b 109*8
101
102 Ha
101«4 nil'*
114
1 1 5 Hj
L07
10 110 113
109*2 11234
100H1003*
1083*1093, 10834 Dec'01
12034 Nov'01
121*4
111*2 HI Hi
Ill
LiSHaDec'Ol
138Ha
122*4 Sale 122
122 Ha
115 Aug'00
122*8
121*aXov'0]
126
107Hi
103
102-'c
let *OJ
114*4
<>8 :,4
99
32
104 4 J
115*8 Aug'01
104*4
lOl'-i
HI
111
117
119
122
121
103
]0M' 4 Dce'01
A.pr'00
108
101«8
10334
5
119
110
'o;
86 Ha 87 H
1
1
108
112 34
128*4
L20
ill 'a 115
.:;.-.
116
140
127
11234 126
115 126*3
106*8 114*2
14 113
117
lS9' 4 Oct'01
180
192*2
172*bApr'0O
183 Oct '01
187 Nov'01
183
190
111
114*2 114 Deo '01
112 lllHa 112
105 Ha Feb '98
118
120
1
194
UlHill5
11 110
1S 34 Nov'01
121*4
116 58
116 119
H6H2 122
11134ll6'4
'01
119
119
1143s Nov'01
L37H> J'ly'90
123 34 Oct '01
109*8 109*6
185 Oct '01
M3934
UOHaDec'Ol
103*4 Sale
*103*8 103*4
109 ....
10734 110
103*4
H
116*2 121
118 12234
121*4
0ct
:i
114Hi
12034 126*2
109 78 H0>3
185 188
U7Hill9
108
114*8
113
11038
110
18 34
1
110 s8
119*3
117*3
120
1193s
122
142*2
102 58 108
102 108
108*4 112
103*»
108*4..-
102
110*4 Nov'01
107 Mar'00
111 Oct '01
114
103
116
Nov'98
Nov'01
113*2 il6 34
107
107
Oct '00
Nov'01
10634 110*8
iof" 110
1
117
102
HI
109*4 111
107\May'01
110
il4*4
U4
121"*,
121*a Nov'01
114
May'01
113
Jan '01
HO*,
110*8 Oct '01
110*4 Aug'01
120*8 Nov'00
140*al44
107*8
110*2
129Ha Sale
125%
106*a Sale
109*2.
11034
1083s
11434 117*4
114 114
121Hal25*4
122 123
4Oct'01
Oct '01
123
113 113
110*8
110*4 111*4
HI
136 Hi Dec '01
25
127
127
14334 Apr'Ol
3
14058 140 *"o
fi
107%
108
108
3
109*4
1103s
118«8
135*8
1263s
140*8
1073b
Aug'01
Oct '01
10
108
135*4 141*4
123*a 127 »8
14334 143 34
138^143
107*8107*8
113 113
"2
127*4l31*a
129*2 129Ha
126*8132*3
129*4 Dec '01
106*2 107
i'5'i 10556 110
105Hal08
lOOHa Nov'01
99*8 Feb'01
99 *s 99*8
86*4 Aug'00
97 Dec'00
111*8 Aug'01
UOHa 112*3
107*8
Feb '01
113
Apr'Ol
13834138*2.
140*2.
129*2.
141*4 Nov'01
121*2 123
123*2 Dec'01
122HaNov'()l
102
102
139
140
129
139
Mar'01
Nov'01
134*4
134
140
127
142
140Ha
140
132
on Next Page.
M-S
M-S
F-A
F-A
J-J
J-J
J-J
J-J
J-J
A-O
M-N
M-N
121
102
123
1113b.
113
.
122Hi
10034 Sale
106
110
12134 126
120 123Ha
14 98 1033b
Oct '99
ApriU
114*2 Nov'01
110 110
111*2114*2
123
123Ha Dec'01
100*2 1013g 827 100
125Ha
105
109HaDec'99
98
99
Dec'97
Gas and Electric Light
G L Co 1st g 5s. ..1947 J-D
Bos
.... 117*2l22*a
U Gas tr ctf s s f g 5s. 1 939 J -J
913a Oct '98
UOHa 31 115 119H»
Bklyn U Gas 1st con g 5s. 1945 M-N 116*2 Sale 116
.... 118*4 12234
a Due Jan d Due Apr e Due May s Due J'ne 7tDueJ'ly k Due Aug p Due Nov s Option sale
Mar'98
119«8 120*4 119 B8 Dec'01
117HU18 118*4 Dec'01
F-A
J-D
bid and asked
Jliyh
118
11U 34 119 58 117H,Oct'01
110 .... 110*4 Nov'01
117*4 Dec'01
117 118
116 Dec'01
116*4....
118 s8 Nov'01
II8H2....
114 .... 116 J'ly'Ol
11834 Sep'01
117*4....
M
WS
109
101
103
1 1
M
Street Railway
104 34 105
G 103*2110*2 Met St Ry—(Continued)
110 Jan '99
Col<fe9thAvlst gu g 58.1993
"l 111 115
115
115
Lex Av & P F 1st gu g 5s 1993
El (Chic) lstg 4s. 1938
100 Dec'01
100 105*8 Met
10034
100
67 98 103
MU El Ry & L 30-yr g 5s. 1926
3 88
90
90
95
Minn St Ry 1st con g 6s. .1919
St Paul City Cab con g 5s. 1937
1937
Guaranteed gold5s
Nov'01
1937
IOO34
100"2l01
Third Ave 1st gold 5s
2000
95 J'ne'00
1st con guar 4s
Union El (Chic) 1st g 5s. .1945
Chic St 40-yr 1st cur 5s. 1928
Nov'01
40-year consol gold 5s. ..1936
103
101Hal03
J-D
J-J
J-J
1921
1916
1924
1910
1910
1908
1919
1910
1910
1909
M
W
J-J
1
Low
io.;'4io»
24
i05*3
1 1 6 "a
121
117
119 120
114*4
133
124*4 126
110*4
i
I & D Exten lst7s
LaCrosse
1st 5s
Mineral PointDiv5s
So Minn Div 1st 6s
88°8 92
Southwest Div 1st 6s
00*2 91
Wis & Minn Div g 5s.. ..1921
Mil & No 1st
L 6s.. ..1910
112 112
1st consol 6s
1913
Chicago & Northwestern
Consolidated 7s
1915
Gold 7s
1902
Registered
1902
Extension 4s
1886-1920
115 11834
Registered
1886-192U
General gold3Has
1987
Registered
#1987
Sinking fund 6s.. .1879-1929
127 130' 4
Registered
1879-1929
128 131
Sinking fund 5s.. .1879-1929
Registered
1879-1929
1909
Debenture 5a
Registered
1909
101 101
Debenture 5s
1921
104 108*4
Registered
1921
119*2 127 Hi
1933
Sinking fund deb 5s
Registered
1933
Des Mo & Minn 1st 7s.. 1907
Milw<fe Madison 1st 6s. .1905
105 Ha 109
North IUinois 1st 5s. ...1910
107 111
OttCF&StPaullstSs 1909
106 34 108
Winona* St Pet 2d 7s.. 1907
MiLL S & West 1st g 6s 1921
Ext & Imp s fund g 5s 1929
Ashland Div 1st g 6s. .1925
Mich Div 1st g 6s
1924
91
95
Convertible deb 5s
1907
Incomes
1911
Chlo Rock Isl & Pac 6s.. .1917
Registered
1917
96 103*2
119 122
General gold 4s
198S
Registered
1988
97*4 10834
& Ft D 1st 4s.. ..1905
Des
105*2105*2
1905
1st 2*28
Extension 4s
1905
60
84*2
Keok& Des Mist 5s. ...1923
20
S6H2
8
21
Chic & St L Sec Atch T&SaFe
Chic St L & N O See 111 Cent
Chic St L & Pitts See Penn Co
IO534 10534 Chic St P
& O con 6S...1930
102*8108
Ch St P & Minn 1st g 6s 1918
127 137*8
Nor Wisconsin 1st 6s. ..1930
127 137
St P & S City 1st g 6s. ..1919
MISCELLANEOUS BONDS—Continued
Street Railway
Brooklyn Rap Tr g 5s
1945
Atl Av Bklyn imp g 6s. .1934
BkCity 1st con 5s.l916, 1941
Bk Q Co & S con gu g 58.1941
Bklyn Un El 1st g 4-5s.l950
Sale
MU&
102*8 103*4 136 99 3 05
103 Nov'01
100*8104
103*8
105 504 100*allO
89*8
89*8
9 87 *a 91*4
913L 208
90*a
90*2J'ne'01
111 May'00
F-A 110
M-S
1947 J-J
CRIF&NWlstgu5s.l921
Ad
97
Q-J
A-O
A-O
Carthage <fe
96*4
97
Sale
M-S
M-N
Q-F
All & West 1st g 4s gu..l99s
CI & Mah 1st gu g 5s
1943
Roch & Pitts 1st g Os. ..1921
Consol 1st g 6s
1922
Buffalo <fe Southwest See Erie
Buffalo & Susqu 1st g 5s. .1913
Registered
1913
1st refunding g 4s
<Z1951
Bui- Cedar R & No 1st Ss.1906
Con 1st & col trustg5s.. 1934
Registered
1934
Canada
C>2d
5s
90
95
A-O 102*2
I
5s.. .1937
104
RD
Chic
W
See Erie
Debenture 6s
Louisv N A&ChlstUs.l91U JChic Milwaukee & St Paul—
Mcfe StPlst7s$gRD.1902 J1st 7s £ gold
1902 JlstC<feM7s
1903 J.1!h
I- J
Chic
St Peon 7s.
Terminal gold 5s
1911 J
General g4s series A..«19s;;i J
Registered
e]
. .
W
I/O
1
\.,Vl)J
,
961a
1 1, <ih
January
1
.
J-J
J-J
Since
Lie
.
6s deferred certfs
Allegheny Valley ,S'eePeunRR
Alleg & West See Buff K & P
AniDock&Im SeeCentof N
Ann Arbor 1st g 4s
7il995
Atch T & S Fe gen g 4s.. .1995
Registered
1995
Adjustment g4s
7il995
Registered
7tl995
Ask Low
Bid
110
BanfM
<y.
1
1
State Securities
Alabama
18
Dec.
1.1)1
N
1
Frankfort-on-Main 3*28 ser 1.. M-S
These are price s on
V S of Mexico s f g 5s of 1809 Q-J
nday
.1
1
Foreign Government
Week's
l:anye or
Last Sale
JTice
I
December
IT.
BONDS
STOCK EXCHANGE
T.
Bond Record— Continued— Page
14, 1901.
Wi BR ENDING Dec. 18
*j
';
NW
Price
UffK'M
Friday
Dec. 13
Ji'anys or
No
LOO
108
Cm 11 & 1' oonaol s 7s.. .1905
2d gold 4ks
1987
Cm D A 1 lei
.1941
8#«CCC
A8tL
CIStLAC
st
Cm BAG
i
1
I
1
l.oir
J/11/h
'01
107'.,
117
1
1
Oct '00
114
M
1
1
1
119',
V
B
B«4
l:
giatered
L990
A Col 1>iv 1st g La.. 1940
102
lo2V 103 V
in
106
W
income la
1990
Cl Lor A; \Yh coil 1st g 5s. 1933
Clev A Marietta S«PennRR
Clev A .Malum Val g 68.. .1938
1938
Beglstered
Clev A: Pitta See Penn Co
Col Midland 1st g 3-48.... 194
1st gold 4s
194
lor.'i
89
HM';
102
Hsy'99
M
oonaol7«.
1914
Dneol sink fund 7s
1914
isol gold 68.1934
stered
1934
Iml Bl A \v lat i>rer 4s.li)4«i
O Iud A
lat i>t 6s...dl938
j-. a a
East lat oon4a...l940
88
1
M-N
99
i
IV
27 101
/
>;ii
Har a s
I
Val
ii
a
100
88
j'ne'01
105
Nov'01
100
100
104
100
N
liov...
1
l6>aO( I'M
133 V 131V J'ly
128
j-i>
1
'01
138
By
A
Jo
130
135
135>a
.
V
L88
St
n V
97 V 98
A-O
731,
Apr
110
A O
129
J-J
Q-J
'J7
V
9Si.j
73
115
138 V
io4vio4V
76
24
170
Nov'01
96
1.V-.
115
129V.May'01
83
83
b8'4Sale
Colorado A Sou 1st g 4s... 1929
Coluni A- Gr< nv See So Ry
Col A Hock Val See Hock Val
Col Conn A Term See N A
Coun A l'as Kivs lstg 48.1943 A-O
A Gt So See C M A St P
FA
83
88%
88
78
89 V
77
83
Bee
1st
116
87 V
87 V
90
.
Registered
NY
Lack
A
i<jis
W 1st 0s...l9'Jl
Coustructiou 5s
186
118*4.
.
192:!
Term A mipiove4s
192;!
Syr Bine A N Y 1st 7s. .1900
warren 1st refgug3ks.2OO0
Del A Hud 1st Pa Div 7s. 1917
stered
1917
Sus 1st con gn 78.1906
Registered
1906
Guar gold Os
1900
Registered
1900
Alb
A;
130V 140
136 34l40V
lSG^Nov'Ol
H9VJ'iy'oi
133V130V
Carb
IO434 Nov'01
104i4 loi 'i
116 117^
118V
Chic
Beglstered
Gold 3Vs
Registered
116
145
.
147VMuv'01
ii*4»8
;
11734 123 V
A Saratoga 1st 7s. 1921
Registered
1921
Del Riv RR Bridge SeePaRR
Denv A R Grist con g 4s. 1930
Cousol gold4Vs
1930
Improvement gold 5s...l928
Rio Gr So gu See Rio Gr So
Den A s West gen s tg5s 1929 J-D
Des M01 A Ft L See R ill'
Kens
llOVNov'Ol
ioo"
109 V Nov'01
152 Oct '01
151 Jan '01
103*4 Sale
111)
110*4 Sale
'
89 k 90
Des M A Minn See Cli & N W
Des M01 Un Ry 1st g 5s. .1917 M-N
Det M A Tol See L S A M So
92
Sale
Miuu See St 1' M A; U
Jast Ten Va A Ga See So Ry
-!
89V
111
Det A Mack 1st lien g 4s. 1995 J-D
Gold 4s
1995 J-D
90
Dul A Iron Range lst5s.. 1937 A-O 113
Registered
1937 A-O
2d Os
1910 J-J
Dul SoShore A Atl g 5s. .1937 J-J 116
103 1
liK'.'i
lllVL.c.'iil
110>4 110'4
90'
109V
15()34
151
28 100
108
10 107
18
Feb'01
102 J'ly'lll
90 V Dec '01
113
113
110
110
Eliz
Lex
A
Last 1st g 5s. 1941 NIK
AB
San
See
C
Cort A No See Leh
Erie 1st ext gold 4s
2d est gold 5s
3d ext gold 4 Vs
4th ext gold 5s
6th ext gold 4s
Elm
AO
113*4
113
V
102
93
116
U2VH3
Dcc'01
YA
W
W
J-L
M-S
MS
100
141
Nov'01
Nov'01
115
119
J'ly'01
Mar'Ul
118
111
12334 124
107 108
Nov'01
14034 141
137 Nov'01
108
V
1 00
F-A
94 k Sale
182
94 V
95
130 V Oct '01
123k.
105 V.
122 V 123>4
105 V 105 V
137 Nov'01
J-L
Sale
"89?i Sale
90
135i4.
113
.
116
118
99
109 H.
118 V Aug'01
0!
Oct '98
117V 116 Nov'01
118V 118 Nov'01
103
94 Feb'01
Sale 109 V HO
J-J
M-N
A-O
J-J
F-A
115VNov'01
F-A
05
A-O
A-O 112
A-O 100
J-J 111k.
Keok
A
Les
Aug'01
....
108
;
•
Mo
'00
loovi"-;
109
91
00
101*4 102*4
99
LOO
114
Nov'00
Nov'01
124
90
130
124
May'01
Nov'98
L24" 124""
Dec '01
126
Sep
101*4 Oct
'01
'01
100
Oct
'01
102VNov'00
109
109
112VHok
130
123*8124
101
Nov'01
'4
101
'4
IOO
107*4
105
109
100V
123
100
75
LOO
100V
2
1
llo^llO
1
-.'
H6V
110V
1
10
'..,
123*4 128
96 103
80
65
115*4 119
125
123k 128k
100 34 98
loo
74 V Nov'01
78
A-O
7034
71*
03 '4 Oct '00
7034 Sale
AP
I
N lstg 1st pf 6s. 191
Gold guar 5s
122 V Sale
118V
Ill
109 34
100
122V
HSkNov'ol
114V 1 11 V Nov'01
HOVMuy'Ol
122*4
.
:j
4
1
119
94
UlkllSk
'01
109
109
"95" ioo
119
110
L01kSep'99
1914
121*4
1O1V104
102
121 3j Nov'01
110
109
J
96
I
I
120
113 VI 16
102 103
:
'.,
Registered
19
Coll trust gold 5s
Coll trust 6-20 g4s. 1903-1918
CeeJll&n branch 7s
19o7
Nash 1st g Os
1919
LCiu Lex gold -1 Vs. ..1931
1st gold Os
1930
1
105
10
'n.
109
01
101
97
95
'.'5
V
110
Jan '99
May'00
105
113
118
1
123
loo
102k 106
99 V
10
118
121
Oct '00
.J
112V
112k
113V
1937
1940
102
105
IOO
09k BaR
104k
3
1
Gold 5s
122k
104
100'.il02H 102
li
US
'4
1
102 k
103
118
ion
LOO
LIB
121
111
114
V
104*4
1
114
100
Sale
110V 114 J4
D(
EH A
.
1
113
Jan '98
Nov'01
110
Nov'01
Sale
02
'00
111k
130 V 132 V 180
113
A
NOAM
114
1081,11138
08 V 111
L
Nov'01
97
N YBAM
N Y A B 1st gos
1927
H5V NorShB 1st con ggu5sol932
Louisv A Nashv gen g Os. 1930
111
UOkllOk
I
11034
120
lSVOct
115V
110
109 V Oct '99
109 J'ne'01
4
1
23 L18»4 124 V
117
119 V
1103s Nov'01
His', Xov'01
10S a
See Erie
1st con g5s./il931
1st cousol gold 4s
M931
General gold 4s
1938
Kerry gold 4Vs
1922
Gold 4s
1932
Unified gold 4s
1949
Debenture gold 5s
193
liklyu A -Mont 1st gOs.. 1911
1st 5s
101
B 1st con g 5s 1935
118»s
72 34
92
LAN
CR
6'ee
Leh
Leh
108
140
113
116
30»j
on Next Page.
Electric Light
Newark Cons Gas con g 5s 1948 3 D
X Y G E L H A J? g 5s... 1948 D
J-J
.1
Puronaae money g 4s... 19 19
Ed El 111 1st eonv g 5s. .1910
J-J
F-A 105
96k 96
105
96
Oct '01
94
102
108
106
1st cousol gold 5s
F
M
.1
A
s
113'.,
!'
119
J-D
F-A
A-O
75
118k Oct
'01
107k
61V Oct '01
107 34 Dec '00
1
A-O
124
98
and asked
124 k 124 V Dec '01
101
97 V Xov'01
.1075e 107 V 107 V
this
week,
a
Due Jan
.1
1
(
(
1
107
121
io3vio3'<; 103
M N
Peo Gas
1st gu g Os.
2d guar gold Os
D
190
1 st eon gold 6s
1943 A .• 121*!
Refunding gold 6s
194 M S
61k 102 V
ChG-LA Ck( Lstgug6f
3 J 110V
oil G Co.it
'll
st B
I D
108
Eq G A KC'h 1st gug6s.l905 J J
M u Fuel Gas 1st gu g 5s. 194 M N 103 100
12334 120*4
90
97 V Trenton G A 13 1st g 58. .1949 M S
Utioa K L cV; P 1st u g 68.1950 J J
107 110
M N
Western Gas Co ool tr g 5s
118k 118k
97
97
J
N V,i QE1 LA V 1st eon g5s 930 A
Paterson a p g a E g 5s. 1949 M S
1
112
86
AC
MS
1997 A-O
latest bid
106
102
106
das and
Fuel Gas Co See Peop Gas
No price Friday;
KM
102
L02
lOlkAug'ol
ANY
E1C A
.
114
'"1
103V107
1
.
Ed El II Bkn 1st cou g 4s 1939 J-J
Lac Gas L of St L 1st g 5s.el919 Q-F
fclut
105
N
MISCELLANEOUS BONDS—Continued
Purchase money Os
"99"
Knoxville A Ohio See So Ky
Lake Erie A Wlstg5s..l937
2d gold 5s
1911
North Ohio 1st gu g 5s.. 1945
LShoAMichS See Y Cent
Lehigh Val (Pa) coU g 5s. 997
Registered 5s
199 7
Leh Val N Y 1st gu g 4 Vs. 1 94
Registered
1940
Leh V Xer Ky 1st gu g 5s. 194 i
Registered
i9ii
Leh V Coal Co lstgu g 5s. 1933
Beglstered
1933
Leh
1st guar g4s..l9 45
194".
Registered
l'J3'.i
Gas and Electric Light
Ch G L A C Co See P G A C Co
Columbus Gas 1st g 5s
1932
Conn Ry A L See Street Ky
Con Gas Co See P G A c Co
Detroit City Gas g 5s
1923
Det Gas Co con 1st g 5s. ..1918
EdElIUBkn See K Co E LAP
Ed K 111 See N Y G A E L H A P
EqG LN Y 1st con g 5s.. 1932
Eq G A Fuel See P G & C Co
GasA Elec Berg Co eg 58.1949
Gr Rap G L Co 1st g 5s.. .1915
X C Mo Gas Co 1st g 5s. ..1922
Kings Co El L A P g 5s. ..1937
130
1st gold 5s. .1938
1
109
107<-j
May'99
90>4Apr'01
114V.
City Sou 1st gold 3s.. 1950
Registered
1950
Kansas Mid See St L & S F
Kentucky Cent See
Nov'97
109
Jan
101 igOcl
Kan
107VH2
123
107
104
123
101«4
1
125VDec'01
125
)cl
'.
121
195]
1951
1953
L'uilied gold 4s
J-J
irt '111
1951
1951
1951
l951
RR See Erie
A A G R See L S A M S
Kal
an A Mich See Tol A O C
KCAMRABlstgug5s.l929
Kan C A Pacific See M K A T
118HJ121
115
111
94
26 100
115 V
Aug'01
L04
A Hud K See Cent of N 3
A Wilkesb See Cent ot N
A CaneyVal See Mo P
Leroy
92V 90V
110
106
137
lOOVDec'Ol
110
102 >«>
5s. ..1951
g
115VH5V
Jefferson
1
1
F-A
M-N 115k
M-N
J-L 109 k.
143 V
137
95 VIOl'j
99
99
82 14 91
I3.-.I4
V
106s*
101
5k Apr '01
l3VMar'00
88
130V 130 V Long Lock
Long Island
J-J
M-N
A-O
A-O
M-N
121
10 139
9978 100V "44
99 Aug'01
9o 325
88^
J-J
J-J
J-J
J-J
119V
'01
11
105
1
M-N
.ii9k 115
M-S 120
1 19
M-S 114
HI
A-O 120
24 103 k 109
1st
V Iowa Central
AXY
1947
1919
1923
1920
192s
1st consol gold 7 s
1920
cousol
tuud
1st
7s
1920
g
Erie 1st con g 4s prior. .1990
Registered
1990
1st consol gen lien g 4s.. 1990
Registered
1990
Penu coll tr g 4s
1951
ButtN
Erie 1st 7s. .1910
Bull A S
gold 0s
1908
Cine A Erie 1st gold 5s.. 1982
Jell RR lstgu g 6s... .ol909
Long Dock cousol g Os.,193
Coal A RR Istcurgu0s.l9_'2
Dock A Imp 1st cur Os.,1913
K Y A Green L gu g 5s. 1940
MidKRofN J 1st gOs. 1910
N Y Sus A 1st ret 5s. 193"
2d gold 4Vs
1937
General gold 5s
1940
Terminal 1 st gold 5s. .. 1 943
Regis $5, 000 each. ..1913
Wiik A Ea 1st gu gos. 1942
Erie A Pitts See Penn Co
Eureka Springs 1st g 08..1933
Evansville A Xerre Haute
1st cousol Os
1921
1st general gold 5s
1942
Mt Vernon 1st gold 6s.. 1923
Branch
Sull Co
1st g 5s. 1930
Ev A Ind 1st con gugOs.,1920
A Shaw
St L A N O
113
17*ast ot
Elgin Jol
101
Oct
lot
1951
1923
1st g 4s. ..1932
11!
no no
112
95
I
guar gold 5s
1935
1950
153V Ind 111 A la 1st g 4s
Int A Great Nor lstg 6s.. 1919
151
2d gold 5s
1909
3d gold 4s
104 V
1921
89>2 90
102
86
98 '»
100'
St
H2V
IO834III
10
10'J
L02kApr'98
Memph Div 1st g4s...l9."i]
Registered
1951
L Sou 1st gu g 4s. ...1931
Ind Bl A West See C C C A st i.
1935
llOVHl^ Ind Lee & Wist g 5s
.)
110k.
119'.»
M.-.V147H)
149 150
114 12 117
149 Aug'01
114VLec'()l
122
109
108 34
Registered
Bl IWv a Car 1st Os
:
110
Lee '01
973s
V
100
Begiatered
Spring Liv 1st g 3 Vs. ..1951
Western Lines 1st g 4s.. 1951
118 V Nov'01
138 Oct "01
189 Nov'01
140 Oct '98
ii6«b!
97V<-;ile
1
1958
1921
Beglstered
ISO's.
109
108 V-Sale
gold 3Vs
Registered
roid 3s sterling
Registered
Coll Trust gold 4s
Registered
o A Tex gold 4a.... 1958
Registered
1958
Cairo Bridge gold 4a
1950
Louisville I'iv gohl3Vs.19.~i3
79'-.
Gold 3^8
11S 34.
134
jj
1961
1961
1951
1961
1961
1952
1962
Midland DivregSs
St Louis Div gold 3s
MKAT
1
i
1st
loo'..
W
Waco
i
1
stered
Del Lack A \Yesteru 7s. ..190
Morris A Essex 1st 78. ..1914
1st consul guar's
1915
111
115
.
Dak
alias A
lol
L06
jiousi i; a \s icx See BoPac
iiousi a
\
n .src so PaoCo
Illinois i lentral 1st g 4a.. 1961
129 V 130 V
83 V
104k
L".i
104
1st ext
LN
J-J
J.J
102
a-
Registered
Q-J
111
'>
g 4s. .1948
1
i04>aNovv01
U
Bale
I
eenbrier
Col a
A-O •ioik!
V
Registered
j-D
jj
jj
04
90 V
SeeO B A y
Han
onaatonlo BeeJH v n ha h
Hock Val 1st cousolg 4 Vs. 1999
13-r.
130
i
JJtu\
1
pfg6a...l946
GA
i
l.uw
•
105
i
L882 1st 5s. 1913
oi
li
Pao(
i
Ini oonsol 5s
ol946
<u Lat gu k 6a. .1929
,s> t Bo Rj
a L'actflo
Nor Bee Bo
ilia v
lioUV A Ur,v, i^'at B*i N S
Grand Bap 41 in<i Bee Penn Co
liray's l'i Term Bee Bt L s \v
ot Niii- C BAQooll tr-is 19-Jl
i
-%0
105
i
i
Jllijli
100
.1930
1943
D< to 1st g 4 Vs. i9ii
on si
it \v a DenOlat g6a....l921
it w
1928
112'.
103 k 104 k
99 Jan '01
o«t '01
101
103 V Sale
MS
La
1st a 6a. ..191 -
a Pen
<'.-n
1
Jatiuari/ 1
•
w.i i;y isi
\v \v Val Div lat g la.. .1940 J-J
C I 81
C cousol 6s. .1920
N
1st gold 4s
fcl936
A.-1930
istered
Cin s A 01 con 1st g 58. .1928 ?:!
00C4
1.
A P
Cleveland Cin Chic A
Q«ni
J-l)
1939 J-J
Cairo Div Isl gold 4a
W a -M luv 1st g 48.199J J-J
St L I'iv Isl ool tr g la.. 1990 M-N
Aih /.OB
.
si Lonls
Spr
i
'
1 1 1
An;
Su(«
Hid
i
l,
a Man
Clearhcld
v.
4i
Consol gold 6a
1
113
i_
13
p
Fargo dl Bo Bm Ch M a st
Mar
inn a
Oot '99
Jan '00
V
V
EXCHJk
WEEK ENDING Dl 0.
'.
.
1
S7
119',, ^
110'-..
January
I'd
L07VJ*1j
I
Bade
Jtu/h
K7«8
Bale
:
BONDS
nge
N
Last Sale
Ask Low
Hid
Chicago Ter Trana I la. ..1947
Chic A West Latafg6s..l919
Us
{1932
Gem
Ohio* We»l .Mali Ky 5s.. 1921
gen
08
...01919
ChooOkd! Q
g
1 ; it
1253
2
'('1
104
Si
1
I
(Mi
ii:
10s' 4 110
94*g 98k
...
121
12134
42 102
104k
...
L07k
VApl
107 J'ly'oo
102 V J
2
1
V
..
102V104k
5 120
I
NoVOl
..
108
W.v'Ol
..
10534 Oct '01
..
Feb'01
..
109
111
V
110
100',
.
,
--
102
I02
109
106
109
t
d Due Apr
e
Due May ADueJ'ly
k
Due Aug
Due Oct
107 V 107 k
V Jan '01
Due Lee s Option sale
107
8
Bond Record— Continued— Page
1254
IIO\l)>
w
Week's
STOCK KXCHANGH
N. V.
Ending Dko.
b
i
i
i
A NmnIiv -(( uiitntu, ,1
1930
A M 2(1 Hold r,s
Pensacola Div sold 0a... L92o
Lou Is v
J-.l
.\
Ms
dm Lai Bold 8a
1921 M S
81
3d gold 3a
L980 Ms
Header Bdge Lataig6s.l931 MS
Kentdcky Cent gold is., ins, J -J
I.a N
A M 1st g4bal946 MS
i.
.\
a s
I'!;,
sink
L A-
gn
u 5a.. .1937
I"
-A
1
1
1
1
I''
-A
in;
SM
Malum
-is.
DIAL
.1945 M-S
Registered
Metropol
W
s
McK'pf a
i;i 1st g 6a
Colonlz g 6a
V
p.
N
Set
A
ooll
ii< >iil
\.\
•'
i
loo
1
or.',
ill
1
I
lb
1
lot)
Marol
100
mo
Lake Shore consol 2d
190:
iioU
.l-J
lor,
1
110b
i'l'7'
117
82 'j
82 >4 Sale
29 s4 Sale
29b
22
82 b
80>a 105
Nov'01
80b 90
20
lis '4
13
27
7
J-D
1910
Nortli lat gold 6a
Mich Cenl
Set x V Cent
Mid of XT J See line
82
105
1UU
\i»r'oo
X'ov'Ol
X'ov'Ol
Se«Ch
P
St
&
MA
St
86
28
OSti
146
147bFeb'01
117
110
125
117
l23bApr'01
122bFeb'01
120b
120b
103b
.103b
J-J
J-J
os
98
01990 F-A
103b
98
X
A Wa
1st
gu g
M-N
5s... 1940
Kan C A Pac 1st g 4a.. .1990 M-S
M KATofTlatgag5a.l942 J-D
Slier sh A So 1st Ru.g5s.1943
Teho A Neosho lat 7a.. .1903
194';
Mo K & E 1st gu g 5s
Sl
Sep
07b.-..
90
91
1
Ill" 1"
F-A
102
J-D
A-O 110b...
190( M-N Ill 113 4
Missouri Pacific 3d 7s
1st consol gold 6a
1920 M-N
Trust gold 5s stamped. «191 M-S ib*6b safe
Registered
ol91 M-S
1st coll sold 5s
1920 F-A
108
Registered
1920 FA
91 ...
Cent Br Rr 1st gu g 48.1919 F-A
LeroyACVALlstgSs 1920 J-J
R of Mo 1st ex g 4s. 1938 P-A
2d extended gold 5s... 1938
L Tr MA Sgen con g 5sl931
Gen con stamp gtd g 5s 1931
Unified A ret gold 4s.. 1929
Registered
1929
Verdi V I &
1st g 5s. 1920
Miss Riv Bridge SeeChicAAlt
Mob A Birm prior lien g 5s 1945
1945
Mortgage gold 4s
Mob Jack A K C 1st g 5s. in li
Mob & Ohio new gold 6s.. 1921
J-J
A-O
A-O
St
W
1st extension gold 0s. .7(192"
193s
General gold 4s
Montgoni Div 1st g 5s. .1947
Cairo gu g 4s.. ..1931
St I,
Collateral g 4s
el93<)
Mohawk Mai See X* Y C H
Monongahela Riv See B
O
Mont Cent See St P
T See S P Co
Morgan's La
Morris
Essex See Del
Chat
St L 1st 7S.1913
1st consol gold 5s
1928
Jasper Branch 1st g 6s. .1923
Al 1st 6s. .1917
T P Branch let 6s
1917
Nash Flor Shef See L
See
New
H
See
Cent
Cin Bdge See Penn Co
E prior lien g 6s pl915
O
Man Bch See L 1
Bkln
Cent A 11 R 1st 7s... 90S
J-J
J-J
M-S
J-J
J-J
J-D
J-D
Cj-J
M-S
F-A
A
A
Nash
98
05 "s Dee, '01
Nov'01
107b
107b
MaVOl
IO6I4
NY
1st
X y
&
M
is
lit
1905
7s.'
1st Os
r
5s..
100
2 105
no
115'',
115
90 Oct '01
95 '4 Nov'01
North
See
NYCA
W
11684
W
126bl30
111
116
Registered
J-J
Gold mortgage 3*28
J-J
J-J
M-S
M-S
M-S
J-D
J-D
M-N
MX
F-A
F-A
F-A
F-A
J-J
J-J
J-J
1st consol gold 4s
107'- Hi ••in
108 bH'.' v
H'7b
11534
AVis
Q.
J
103
Mav'li]
103»4
b 104 b lOHbNov'Ol
J-D
Pac
Panama 1st s fund g4bs.. 1917 A-O
Sink fund subsidy t: 6a.. 1910 -M-N
Penn Co gn 1st g 4 bs
1921 J-J
104bl08
fflO
106
107 b
107 7e
11034
109b
l<i'-
14 101
103
1001.. Sep '07
103 b Apr '01
101b 101 Dec'01
"bo 3]
100 Nov'01
100 ioi b lOObNov'Ol
07 8
07
98
98
05
95 b Sale
96
95
96
95»4
05^,
96
96 Mar'OJ
iii" 115 lll^Sep'oi
106 J'ne'Os
ibob
!
mo
'-'
4
102 b 1 04 "s
00-8 lO2b
loo 103%
loob 100b
05
00
94
97b
03-8 97b
96
97
111 112b
1021 J-J
Registered
Guar 3bs coll trust reg.1937 M-S
C St L A P 1st con g 6a. 1932 a o
Cl
A Pgen gug4bsser A.'4'J
Series
Series
Series
Erie
B
C
95
,o-b
107
1
II
1
a
10b Ms
117'.„>
11
1
lllb
117»»
117
128
b
UO-'isApr'Ol
14638
133
128
ioi
b
ioi b
looi 4 Nov'01
101b
im
inii'v
120
1
3
1
'-loii'S,
...
liiiii.,
•„ c'o]
b
Eil-b
-7
Oel
126
no
iYbb!
;
,119
125
110
'111
9 110
110
lOObNov'OO
llSbMay'OU
,115
122bMay'01
126b 120'4
LIS Apr '99
120b
l-.'O^Sale
118
....
Ill
,
107b Sale
122b
21
-5b 129
nobx'ovin
IUH4 110b
--
07 b 1 07 b
105 Sep '01
1
109b
.
105
107
135
117 b-
102
Feb'01
206
Dec'01
203
102
102
-
l34«aJ'ly'01
.
Jan
114
108
110
Seji
103
Sale
103
101 b No,
108
102
Lis
110>4l12b
110b
133b
112iiJ']v'01
133 b Nov'01
132 b 134 b 131 Oct 11]
131 134 131 34 0et 01
102 7sSate 102 b L02 7g
103 K
136
.33
I
DO
107bJlv'ol
101b 101*8
107b.
101b.
04
107 b 107 b
99 104
.
-.
104 34 1053s 150 103
;<l5bN.e -'Hi
72". 194
72»8 7214
60
72 Dec'01
105 b Sale
72b
10.',
106*8
lOObNov'Ol
100
b
34
102
120 b Nov'01
130
121
Ill
132
J'lv'OO
L22b
Fe'b'ni
114
100
Nov'01
Dec'01
May'OO
so
117b
117
b
112
b J'ne'Ol
95
Dec'OU
117
.-
131b
..
122
b 122b
..
110%117
..100
106
115bll9
b
105
112
112b
J'ly'98
J-J
1042 A-O
D3bs
A Pittsgug3bs
A-
con gu g 4 be—
1040
1042
C guar
1042
104-">
D 4s guar
F. 3b guar K....1949
St
lOSbDec'Ol
111
112 .) 13^
101
1
114 b Nov'01
Nov'01
102 Nov'98
121b.
122
Nov'01
121
Oct
'00
102
Nov'00
115
115
1133-1
15 108
113
102
105
112
115b
2
..
llOblUb
..
121b 126b
..
122
121
19401 J-
NAC Bdge gen gug4bs 1945
Series
Series
Series
Series
series
Pitts Ft
111
103
i
1950 F-A
B.104O J-
series C
PCC
m 4ii2b
10 is M-N
3 Lis
I.
A
B guar
WA
2d7s
95
ac
1032
Registered
1-.
100 3
lis"
92
107b
N
AW
NYC
W
106b....
100'-
...
See St P Jf A O
Y Cent
See
A Mont
Mo
108b 104 b
11
128
loo'.ilOl
1
"Wash Cent 1st gts
10 1s
Pac Ter Co lat g 6s.. 1933
Nor
T
X or Itv Cal .See So Pac
Oswego A Rome ,See
O C FA St P See CAN
J-D
J-J
107b
1
llllb
!
Ob 115b
20
Ore Ry A Nav See En Pac
Ore RR A Nav See Uu Pac
Ore Short Line See Un Pac
Dec'99
1057g Nov'01
1053,108b 106 Sep '01
no Deo'01
110 ....
14
1
End
.SeeCCCAStl.
lno River RR 1st g 5s. 1030 J
General gold 5s
1937 AOre A Cal .See So Pac Co
A-O
J-J
1
107'.
'«
b
1
VANE
100
107
99 101b
95 b 95 b
129 Dec'01
11378 Dec'01
113 Dec'99
111
.05
113v
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1
127 129
113 78
121
118
I
114
J
ion.",
StPANP
11434
1
bN
tfe
Coast Co 1st g 5s. ...1946
Pac
ac of Missouri ,See
1
1903
1997
Registered
1997
Debenture 5s of... 1884-10D4
Registered
1884-1904
Regi8t del) 5s of.. .1880-1 004
Debenture g 4s.. ..1890-1905
Registered
1890-1905
Debt certs ext g 4s
1905
Registered
1905
Lake Shore coll g 3bs...l998
Registered
1998
Mich Cent coll g3bs.... 1998
Registered
1998
Beech Creek 1st gu g 48.1936
Registered
1030
2d gu gold 5s
1030
Cart A Ad 1st gu g 4s.. .1981
Clearfield Bitum Coal Corp—
lst8f intgug4sser A 1940
Derby con g
AN E
Y
X'or
J-J
J-J
J-J
A-O
a-0
1
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115
115>-Nov'01
113 115b North Ohio See L Erie A
116 34 152 114 110
Northern Pacific
116b Sale 116
116 b J'ne'Ol
Prior lien ry A 1 gr g 4s. 1007 Q114bll6b
3334 94
93 b
Registered
1007 Q94'e 294 84b 96b
General lien gold 3s
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110
HO'iJ'ly'OO
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1996 J
90
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90
95
gen p 6s
1923 F
129 Sale 129
129
127bl32
Registered cert!tio'8..1923 '
125^8
125 Nov'01
121 130
St Paul A Dul 1st 5s
96 Nov'01
2d 5s
87b 00 78
1917 A
...
107b 106 J4
10b
i
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A
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1
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91
100
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01992
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87b 913.1 XY&KI! .See Long Island
X Y s & W See Erie
107 111b X- y Tex & M See So Pac Co
in 117 Nor & South 1st g5a
1041 M
119bl2n«8 Xorf A West gen g 6s
1931 M
Improvem't A ext g 6s. .10:. F
100b 109 b
River
New
1st g 6s
1932 A
XT A ^V Ry 1st con g 4s.
103 110
Registered
1996 A
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89b 91
1922 J
99=4
118
Oct '01
122
122
106 l4 106 ^ .35
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75
87
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96 108
81 34
103 34Deo*0]
82
1944 M-N
1st ext gold 5a
Dal
81
08^
96b
1931
10:;
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lilk
JliuK
mil
hi
ll
Nov'01
Apr'01
98
7
96^ Sale
.l-J
Convert deb certs Si, 000
Small certs §100
Honaatonic
P. con u-5s_.io.s7 MT
l
1st g 4s. ..1990 J-T)
<<:
1,
103
103
13
107
I
>
M-N
M-N
M-S
1
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14
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J -•!
Bat C A st nr 1st gugSs.1989 J-D
34 b
I.
1
T
120>2
103b 103
1
M SSMAA latg4intgu 1926
M sr p A s s .M con g 4 int gu'38
M n n 17 n See St P M & M
J'ne'Ol
I'
F-A
J-J
J-J
J-J
.rj
1940
1940
Utica
1st sold 78..1927
1st gold 7s
1909
2d gold 4a
J
N Y Chic & St L 1st g 18.1937
Registered
1987
147bl47b N Y & Greenw Lake See Erie
110 122b X" Y & Har See XYCA H nd
123 b 123 b N Y Lack A W See D
\V
122 b 122 b X Y L E & W See Erie
110bl2134 NY&LongBr See Cent of X'
N Y & N E Bee X Y X A H
97 105
N YNH AHar lstrcg4.x.i9o;:
P
L
Mo Kan A Tex
1
N X"A Harlem gSba...2( ,M-N
2000M-N
Registered
N Y A North 1st g 58...1927 A-O
RWAOcon l8text6s.M922lA-0
OcrweA R2dgag5a...«1915 fa
R W A OTB 1st gu g 58.1918 M-N
W
J-D
Iowa Ex
J-D
Pacific Ex 1st gold 6a... 1921 A-O
South West Kx 1st g 7s. 1010 .r-D
1st oonaol gold 5s
1934 M-N
1st and refund "old 4a. .1949 M-S
Minn A St L gu See B C B A X
M A P st 5s stpd 4s int gu 1986 J-J
St
91b
May'OO
Mil L 8 A
.Sec Chic A X
Mil A- .Mail See Chic & X
Mil A North .Sec Cll M A 81 P
W
1
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82 14
112
in.",
J--I
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90<%J'ly'O]
in',
1
1
.ID
1903 J-D
4s
103b
A"
J/ nil
in
1
2361 J-J
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Ka A A ( K 1st triie.'.s.io:',.Mahoii ("1 RR 1st 5a. .1934
Pitts McKA V 1st gn.es.1932
2d guards
1934
McKeeaA B V 1st g6s 1918
Mich Cent 1st consol 78.1902
1st consol 5s
1902
6s
1909
8 s 102
107
105 '4 lO.-.'i
111
117b
tih
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January
lo7b. riv
7a. 1903
tered
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Registered
7
a *i
19
Del
Mcx
W
I'ii
•
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i
West shore 1st 4s gu... 2361
116
1
v.v
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J.I
1
I
1
lered
HUT A-d
5s
1
Nor A Mont Latgag 5a.l9U a
115b
I
Minn
L02
110bll2
1934 J-D
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1
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I
X
X
78b
110
106
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Kanye
I
J>.r.
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M-S
A Mai
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a*
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Molt
Dec '01
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1927 J-l)
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(
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120
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1
.
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t
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102
A-0
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i
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EXCHANGE
kmiimi Dec. 18
\si i.k
-tered
Coal 8*t I- 8 A- M S
anliattan Ely oonaol 4a. 1990
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1
1
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:13
101
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1910 A o
g
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Dec '00
Jan i'!
I
FA
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x
r.'i'.'i
101
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i
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1
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1st
N A A Ch
I,
124
la cull go g
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a
.\
High
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120
115
[Vol. LXXI1J.
ll..
January
Lost Sale
;
A si.
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L20
112
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a
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113
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11434
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133 b'
132 134
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07 May'01
138 Oct '01
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118
116bll6b
07
00-b
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....
....
'01 ....
Apr'01 ....
MISCEIjIjANEOUS BONDS-Continiied on Next Page
TeleRi-aph and Telephone
Coal and Iron
Am Telep A Tel coll tr 4s 1929
J-J
Cable Co 1st g 4s. .2397 QRegistered
2307 (J-J
Erie T A T col tr g s f 5s.. 1020 J-J
Met T A T 1st s f gos
1918 M-N
M ut Un Tel Co See Westn TJn
X Y A XT J Tel gen g 5s.. 1020 M-N
No Westn Teleg See West T'n
West Union col tr cur 5s. 103s J-J
Fd and real est R4bs...l950 M-X
>fut Un Tel a fund 6s.. .1911 M-N
Northwestern Tel 7s
1904 J-J
Comm
100
100
Li
loob
M av
100 b 102
Oct"
109
Oct
11-1
Nov
113b Oct
114
114
113b 117
'01
Mm
See T C I A R
Clear! Bit Coal See
YC H
Col C A I ext 1st con g 6s. 1902 F-A
ColC
*
A I DevCo
N
113
Nov
10734
10
J'ne
111
80
105
s
8
111
1157,
I
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and asked this week,
Sep '01
Nov'00
a
Due Jan
101
104 b
Amer
Bicvcles
e
f
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108
J-J
111
Sale
J-D
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107
106b
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....
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I
'97
May'97
May'97
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.
.
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111
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110
112
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deben 5s1919!ms
1915|Q-F
4bs
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I
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5a. 1928 T-J
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Tenn
Coal T Div 1st g Os.n 101 7
105 b 109 b"
111 116
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Cah C M Co 1st gu g lis. 1022
111
WhLE
A
latest bid
2d gold 5s
Pleas Val Coal 1st g
DeBarCA
gu gos. 1909 J-J
No price Friday;
106*4 Feb'01
I
113
106
112
Coal and Iron
Call Coal
MX 103b
FA
104b 106
De Bardel C A I .Sec T C A 1
Gr Riv Coal A C 1st gOs.. 1010 A-0 106b
Jett A Clear C A 1 1st g 58.1926 J -1
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Col
I Co gen s f g 5s. .1943, F-A
p Due Nov
55
60
1003^
s
Option
55
1003s
sale.
55
100=s
91
81
1
55
99
82
102
December
i:K
i
Bond Record— Cue hided -Page
1901.
BONUS
XCH a.ni.i: Si
B
ENDING l»i c. 13
K.Y. BTOi
\\
14,
HK l.-t real
Cons,.: Bterlii
Cou cum ucj
Penn
eat g la. 1923
..
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gu
AH'
1st
1905
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-
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193S
MS
.<s
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it in. mi
II
1st
;;ii
g 48.1931
See Bonn Co
Tul 1st g lis. .1922
si
t,
Pitts Clev .v.
Pitts Ft \V A eu See
l'nts Jimt 1st gold 6s
Puts A
1
lYim Co
i'pj" iau*'oi
117
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PittsShA i. l. 1st
Pitts
Sei
08. ..1940
g
Pitta
A
P
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115
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'01
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89
98
101',
88
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1 -j
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Apr '01
1
121
4
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92
923,
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—
1
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101 >4
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Feb '01
84 Nov'01
93 34 Kov'01
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.
4
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di
94
97
80
106
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94'.
894 98
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W 0<fe
W
West
s
lllHi 110
1121. 110
110
132
1334
llO^llS
gold 48..1996
Soutliw Div 1st g 5s.. 1947
tuuding g4s
1951
Isterea
1951
St Louis So see Illinois Ceut
Bt L 8 \Y 1st g 4s bd 0UB.1989
98
97
97
2d g4s inc bond Ctfs...pl98!
o ray's I't Per 1st gu g5s 194^
St Paul A Dul .sec .Nor Pacific
8t Paul M A Man 2d 6s...l9U9
1st consul gold 6s
1933
79»4Sale
R,
i
115
Moiu ext
10041004
'IVljoiX
1 erAof St
1st gold 5s
32
71
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117
116
140 34 14«>
Nov'01
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139
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...
.
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d
1948
1922
1937
1937
1st
guar gold 5s
193,
WLU A-
.
140*2.
124
itered
19.17
8 F 1st gold 6s. .193s
'123"
120
Apr '99
b Fe Pres
A
<fe
A
A-
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111
P See so Pac Co
112
1834 A-O
St John's Div 1st g 4s. ..1934 J-J
Ala Mid 1st gu guld 5s..
il-N
Bruns i
fatgng4a..l93£ J-J
SUSpOcaA- U gug 4s. .1916 J-J
Scioto Val A; N K See Nor A
Scab A Boa 1st 5s
1926 J-J
Car Ceut let con g 4s... 1949 J-J
Sher Sin A- So .See
K it T
127%.
L264Jan
112
93
123
Dec '99
95 >4 Nov'01
111
111
87 Aug'01
1st gold 5s
11334
.
.
,
W
i
113
Feb '98
100
Dec'01
fcl949
W 1st gu g5a..,.1941
Cent Pac 1st
Regist ered
ret
gu g 4s 1949
1949
101
Hon guar gold 3%a..fcl929
Registered
fcl928
Gal Har
S A 1st g 6s. .1910
Jiexcfc
Paclstgos
1905
1931
iliU.
105 *4
106
107
.
104
.
l-Jl
113
101
121
96
bale
111
94
951.
1004111
87
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100
100
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107 1073
100 1074
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in
no
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110
11034
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109
120 '4
86
120
93
101
1114
121
62
131
--
100 7„ i ()1
120 Mar'01
96
1194...
121
119
120
1194
122
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1
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1
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Nov
95
1244
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120 4
io6"i*io"
01
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Sep 01
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117
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Nov
.
121
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9
P.
14
108
102
114
117
116
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..
97 4
23 4
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5s
01
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1
114
117
4
....
113
—
116
-
J'ly '00
116'a
1134
97
M-N
M-N
1
Det&Ch
H
Exl 1st c 5s. .1941 J-J
Des Moin Div lstg 4s.. 1939 J-J
st C'has Bridge 1st g 6s. 1908 A-O
V\ acres
See Del Dae ,t West
\\ ash Cent
See Nor Pac
6c
W
104
Feb '01
L16
...
112 .,11514
103
99 *4
1,1
93
si 4
8 1 4
LOO Nov'01
108
H19I1 Nov'01
105% Sale
104 7s
106%
105 4 Nov'01
100
106
1949
Wilkes A; East See Kile
Wil A- Sioux F See st p M
MS
.
4 L07
100 34
129
:i
lOSHjSale
102 Sale
127 s4
119 Sale
104
104 4
105".;
110
ID)
102
1014
127%
17 4.T'ue'01
Mar'01
113
117i4ll9
113 34 sale
.
117%
111
119
1
111
66
Oct 'ui
Sep'dl
111
1
1
4
119
113
117
120»4
114
40
1
1214 121
B»% 1003P 100
40
81
Sale
112
113
112
91
90
Sale
90
104 4 Sale
104
111
110
li-
121
no
'j:>
Mar'01
31
1134 Mar'01
ro
no
1
121
111
117
113
,024
ll.'O
05 4 sal','
111
95
97
113
11"
-
;
'
....
LO
119
120
103 4 Oct 01
1
35
12034
934
See S V Cent
V»Cent A P lstg 6s.. 1911 j-j Ill
A L E 1st g 5s. ..1926 A-O 115
1st cousol 4s
8
4111
.I'lii'ill
Nov'01
112% Nov'01
107 Nov'01
97 Nov'01
95
Wheel'g
Wheel Div 1st gold 5a.. 1928 J-J
ExtenA imp gold 6a.. .1930 f-a
104
1
115
Weal Shore
w
mi
86 115:.
3 90
See Southern
West N V A- Pa 1st g 5s. .1937 J-J
Gen gold 3- 4s
1943 A-o
Income 5s
rfl943 Nov
West No Car See South Ry
•
115
113
119
97
95
111
-
> uginia.Mi.i
See South By
\l' abash 1st gold 68
1939 M-N
>>
2d gold 6s
1989 F-A
Debenture series A
1939 J-J
v
-
Sale
1947 j-j
1911
1911
115
114
lib's
62
loo
1134110
1144Nov'ol
Nov. 1)
11-1
J-D lo34
A-O
19
1st COUSol g5s
Non-own inc A 5a
h 1946 Sep
Utah & Nor 1st 7s
J
190S
GoldSs
II
CJni N J BB & C Co See Pa Kit
Utah Central See BloGrWes
Utah A North See I'd Pacific
rtua & Black R See N V Cent
\'er Val Ind it w See Mo P
67
91%
120
i-u'i
112
Silo
120
1
Nov'00
A-o
OreRvA- Navlstsfgiis 1909 J-J
Ore Ry & Nav con g 48.1946 J-D
Ore Short Linelstg6s..l922 F-A
140
10 llCa U88,
'01
4
20
J -J
J-J
J-J
J
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J-J
J-J
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107
1074 Oct
2
93
93
si
98
93%
ill" oct voi
Nov'97
fly '01
W
30 95%1014
99
91 4
923, 132 88
95 4
89
89 Oct '01
89
111 J'ne'01
111
I02i< 1014
100 103^
102
99'8 J'm'Oo
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87
864 86 aj
86^
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"a
86
Apr
Hiii'4
1
1164 TolP&WlSt gold 4s. ...191 7 ,IJ
pr lien g 3 4s .1925 J-J
116181164 Tol St D &
50-year gold 4s
1950 A-o
116 120H
102H»-07i« Tor Ham £ Buff lBtg4a.&194 J-D
106 106
Ulster* Del 1st con g 6a 1928 J-D
11 Pac BB & lgr g 4s. .19 17 J-J
106 110
Wash u
gistered
X
no
in
1
A-O
142
1-
9S78 Sale
92 ^ Sale
.
F-A
M-S
ill
M
SU Sp Oca it d See Sav A W
Bod Bay it so 1st gos
1924 J-J
So Car cfc O a See Southern
Southern Pacific Co
2-5 year coil tr g4i2S
1905
Cold 4s (Cent Pac coll;. fcl949
114»4 0ct 01
11241164
'00
104*4
.
J-J
J-J
121*" isfi"
81%J'ne'oJ
W
118
J-J
J-
1931
1935
Western Div 1st g 5s.. .1935
General gold 5s
1935
Kan A Mist grig 4s.... 1990
132
Aug'01
ll3 3
li>7
I
Oct ,'01
Apr'97
Dcc'ol
b»'i.V P 1st siuk t g5s.l919 J-J
6av P A- W let gold 6s. ...1934 A-0
A<t
F.
Da Div B List g
TolA OClst g5s
Registered
193s
Bt PA; Nor Pac See Hot Vac
St P A S'x City See C St P M AO
S
1
.
Mar
II334
lOGUDec'Ol
128
140
115
124
.
5/20011
8214
1
Apr'OO
tie
llo
4s. .1921
6s.. 1914
Registered
1st lien convert 4s
Registered
129
A-o
M-N
M-N
1
A
D
Tex & Pac
j
Muiu Union 1st g 6s
Mout C 1st gu g 6s
llo'.
M Bge Tergu g 58.1930 A-O 1124114
Tex & N O See So Pac Co
9514IOI4
>
1074111
108
lstg 44s. .1939 A-O
1894-1941 P-A
28
115
115
llGHjApi Ml
116
lie
L06HlNov'0]
106 Muy'ol
-al.
-
1
O
\
1st cou gold 5s
964
79 4
98 4
24
lu7' 4
1
SeeMK&T
1.
96
79
Sale
106
9114 102
1
'„
18
1
A-O
'11.
Sunb&Lew AVePeunHK
Svra Bing& N Y See D L & W
9714
116 l4
105 a
1st gold 4s
itered
1937
.fun 1st div 1st g5s..
red
Nor DIt 1st gold 4s
194a
1364
LAN
I
Spok Falls & Nor lstg 6s. 1939 J-J
Siat lsl By 1st gu g 4 48.. 1943 J -D
3b
137-j
1910
1937
old 6s
'01
'01
126
1124119
gn
cong
1st
See
9778
19
Dal
964 Oct
114is
NC
A N Ala
1st cy
j.j
A
1930 M-N '115 4.
''l'j
F-A
J-J 1204.
stamped
97^
9 6 >i Sale
1933
iced to gold 4 "as. .1933
'00
100 4 Sep
98
116
1024 Oct
110
no inn.
117
117
1987:
BtLASPRB
110
Dec '01
133 4
lfl
1938
1938
Registered
1922
GaPac By 1st g (is
Knox & Ohio let g 68.. .1925
Mob & Ohio coll tr g 4s„ 1938
19
Registered
1915
Rich A- Dan con g 6s
Equip sink fund g 5s. .1009
1927
Deb 5s stamped
Blob A -Meek 1st g 4s.. .1948
Car A Ga 1st g: 5s.. ..1919
Virginia Mid serD 4-68.1921
1926
Series E 6s
1936
General 5s
IOII4IOU4
Nov'01
5a.. 1930
L'olll 5s
reor lieu g 5s
'4
Jan
106
69
J
1916 J-J
1st 6s
1st
.111
ETen
.sti
*
A Greenv
t Va a Ga Div g
Ill
C
i'.
r,
.1
.1
1
93 14
B B &
iPere Mara
alt Lake C 1st g s I 6s. .1913 J-J
8t Jo At Gr Isl 1st g3-4s.. 1947 J-J
8t Ijiw A- Adiron lstg 5S.1990 J-J
2d gold (is
1990
6t L A.- Cairo See Mob A; Ohio
St L A Iron Jiouut See M 1'
Bt L K C it N See Wabash
BtLMBr fieeT BR Aof stL
6t L & S Fran 2d g 0s CI B 1906
2d gold 6s Class C
1906
General gold 6s
1931
General gold 5s
1931
11
10114
IOP4
102
'.16
Aug'Ol
96
97 >a 90 Oct '01
107
....
S3>a 85
Rome Wat <fc Og See N V Cent
Rutland 1st cou g 4%S
1941 J-J
Kut-Canad 1 st gu g 4 4s. 1949 J-J
SagTusA-
Hi
94
95
1940
1940
123
-
J
-'ii
1
1.
101
al lsl
8 a a a Pass 1st gu g Is. '.'.',
SoPotAi gu LetR6ael909-10
1906
8 i' ..! Cal 1st g6a
1905
1st
a
1st
D.1906
lstg 6s series KA F.1912
1912
1st cold (is
1937
1st cm guar gos
1906-1937
Stamped
col N Mil 1st g0s.-1911
1937
s P Coast 1st f.'ii b*4j
1906
Tei A N' <> 1st 7s
Sabine Div Iatg6a....l912
1943
Con gold 5s
1994
Southern— 1st cong 5s
.11 red
1994
Mi 111 Div 1st r44-5s...
SI l.ouis div 1st ;4s ...1951
11 K
1818
Ala
Lat g6s
1948
Atl A Danv 1st g 4s
1st
Atl <t Vad
g guar 48.1949
Col
col truat is .1949
1st gug48.al917
1st go g 6s.. .1939
Pitta
o
1
1
.
118
A O
See Southern
IVeatlst g4s
1939
Cent
'
J-J
Isl B
.1
L38<«lS8>s
HlV-NoVul
L997 J.J
Rio Gr Juuo
Riogr So 1st gold 4s
Boch
li'j
.Mick
Conaol and
M
t 6s. ...190"
Noot
II
(Hiai
1I6S
Ore A Cal Lat (ruai g 5s. 192"
Oct '00
leb'nl
101
AO
V A Ash 1st cou 58.1927 M-N
1997 J-J
Keadiug Co ecu g4s
Rensselaer A Bar See D A
Rich A Dan See South Ry
TC
(
L83*sJan'0]
...
124 Hi 127 S
'
ua
May'OO
107 Hi Oct '98
Pitta
stereo
A
I'M-N
r l8(
A
\Vdi\ lsl gOs'30 M N
Morgan 8 La<* u Lat 78.1918 A-0
J
1920
1st n< iid iw
N YT.i Hi'i ^'u 1st g4s.l912 a
ii7"*NoV*97
1943 J-J
1917 J-J
Weal 1st g4s
A Co w rtts
II
w
a
1:
WaooA N
N
1st consul gold as
.ns
1
;,
114«8...,
FA
1922 J.J
01928 A O
I
11.
.
1
iVfl&Nl
if."-.
ui.
ll'jia
Pine Creek res guar Be.. .1932 J D
PittsCiuA
.
13
1
j
lieu go
i.ii
107
11S
I87>a...,
M-N
58.1939 A-c
1st g
.
I
•
01921 a -N
J.1920 A-O
pi
.
1
Southern
1
N
102
.1
BagTusA
\s
.'.'.'.'...
N
s
i
Ifarq— V4
1
Ao
MS
M
M
107
1st cuii sol gold 5 s
ory
Hid
lik l.uu109 4 N
LOB'S] L2
I
2d gold 4 4*
EXCUANG
i.
Last
J.V
J>ec.
Si: h it .v Bee 1st gu 4ag.'3ti P-J
Grit a- 1 ex 1st gujc4H*«
Suu A Leu la lei g Is. ..1936
J
ran
Ms,
gen
48.194
BR
Peusacoia A Atl &'«< L.A Nash
Peo <fc East See C C C A 81 I.
1921
F
Peo A; Pck In 1st g 68
UKJ
BON DM
nye
i."»
1919
1943
•
Consul gold
CIA Mai
11,, A'*
Bans
i
1255
4
1004
40
1134H34
91%
112 1174
IIII4II634
112 112
94
45 B8
9034
87
Oct
'"1
I
J
&M
Winona A st P See C A N W
Wis Cent 50- VI 1st
4s. 1919 J-J
•_'(.!!
S514
924
MISCELLANEOUS BONOS—Concluded.
Mmiiitnctui-ing oV
Imtii-ii-itil
Am Hide& L 1st stgOs.,1919 M-S
Am Spirits Mfg 1st g6s..l915 M-S
Am Thread 1st col tr 4s... 191 J-J
92
&
S Car Co 1st g 0s...l942 J-J
Consol Tobacco 50-yrg 4s. 19 51 F-A
Bar
91
82
90
80
6234 Sale
Distilling of America collateral
Trust gold 5s
1911 J-J
Gramercy Sug 1 st gold 6s. 1923 A-0
111 Steel Co deb 5a
1910 J-J
Non-couv debeu 5s
1913 A-O
Int Paper Co 1st con g 6s. 1918
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Nat Starch Mfg Co 1st g 6s 1920
Nat Starch Co s f deb 5s..l9'.'5
Btan Rope A T 1st g 6s.. .1946
Income gold 5s
1946
Sale
105 Jan '00
62 4
634
874 86
110
2G
90
75
98
b5
1064
624 674
99%Apr'01
82
90
se%
100 4
100
105
1004
114
99 Jan '99
1004J'ne'01
110
111
Dec'01
Mlacellaneoaa
tr g4s
194SM-S
Am Dk& Impfia Bee Ceut N J
itkin Ferry Co 1st con g 5s 1948] F-A
Bkln
A W 11 1st 5s tr ciD
ChlOJOA St Yard col g 68.1915 J-J
Det M A M Id gr3 4s S A. 19 II A-O
Hack Wat K. or 1st g&S..1926 .I-.l
Hoboken La- 1 gold 5a.. .1910 M-N
Mad Sq Garden 1st g 68. .1919 M N
.Man Bob
gen g 4s.. 1940 M-N
Adams Ex col
W
90
IO04
F-A
93
Nov'01
111
NeVP Ne
4
1044 20>103
Oct
ill
30
Mar'01
30
111
-9
78
111
35 4
UAL
Slll]l
A D D 68 r/19911
.1
-J
Out Kami lstg 6s.. ltUd F-A
90 Oct '99
A-O
98
93 Ang'00
BB Secur Co 5o-vr g34s.l95l|j
81 4 Nov'01
M-N 105 108 107 Nov'01
Bt K Ter CupplesStat'iut Prop
107
110
J-J
Co 1st g 44s 5-20 year.. 1917! J
914 92 Nov'01
91
86
F-A "53" 55
1
101
54
54
464 72 4 s Yuba Wat Co con g 68..1923 J
113 4 J ly 'oo
6
04 Sale
8p Val Wat Works 1st 68.190
64
64 12
TS LeathCosfdebg6s..l913 M-N 112%
112 4 Dec '01
11241154 Vermont Mar let a f 5s.. .1910
* No price Friday; latest bid and asked, a Due Jan bDueFeb ciDue Apr g Due J'ne h Due J'ly k Due Aug n Due Sep p Due Nov q Due Dec
.N
•914
'01
764
'314'32'
109
X" it
91% 914
r
iOptiousale
THE CHKON1CLE.
1256
(
Volume
Stock Exchanges
of Business at
-11
.:i«
1111 -
111
II
Mocks
ending
Dee 13
1901
eric
69
-Monday
^
1,033
72
Tuesday
i
688,476
963,082
612,509
Friday
Total
V 8
Bonds
JloiulS
Bondt
93, 156,200
68,880,600
2,8
6,6b"6
"i'.hoo
1,000
11,000
..0,000
1,000
$94,000
13,500
1
January
Week endinu Dee 13
Hales at
Hew York Stock
l
1 to
Deo 13
123.213,059
258,603,067
4,451,039
4,719,475
$459,092,200 S416.858.900 $25,082,393,275 $11,900,394,612
Par value
$152,025
$137,076
7,000
Bank shares, par..
BONDS
State bonds
RR. and mis. bonds
Total bonds
$13,500
94,000
22.072.800
$252,120
50.000
24,018,000
$1,715,070
2,502,800
959.527.100
$0,586,430
2, 05."., 200
513,449,800
$22,180,300
$21,320,120
$963,745,270
$522,091,430
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week ending
Dec 13
11)01
Philadelphia
Boston
Listed
shares
Unlisted
shares
Bond
[ndCon Nat 4
0<ft
.
sales
loo
Ask
Providence Gas
50
St Joseph Gas 5s 1937. J-J
94
1946
50
97'-..
StPaulGas Gen5»'44M-b
Syraci
took.. 100
Olid
90>.j
18
98
15
J-J
Exch
St'k
list
iV
Poto Telepn..l00
5s 1909-29
J-J
00
'
.1
10
Ileal.
al
loo
50
Rubber Tire. .100
2
i
ij
A
I.11
70
Bliiglno
(
..
Electrio Boat
100
loo
100
Preferred
ric Vehicle
1
•
e
84
95 Hi
!
n
sales
4
6
4:;
48
1 '4
42
12
46
1
H k r-J oik -s-.Iew'l Mill, pld
68 1922
list
48
14
60
53
90
M-fi
n list Herring-Hall-MarvtnlOO
1st preferred
100
126
171
2d preferred
100
114
Hoboken Landed linploo
.M-N
83
5s 1910
International salt certfs.
103
Internat'l Silver See Stk
7
Os 1948
J-D
Iron Steamboat
Electric Companies
John B Sietson com.. lo.
Allegheny Co Lig'tColOO
Preferred
100
Chicago Edison Co... 100 155 160
20
Laneton Monotype
Edison El 111 Co Brk N Y Stock Exch Lawyers Mort Insur.lOO
Electro-Pneum'ic Tranlo t
1*4
Lawyers' Surety
Stock Exch Lawyers' Title Ins...lOo
General Electric Co
lo<
Hartford (Ct) Elec Lt 100 197 200
Lorillard (P) pref
\\
SO
100
110
Preferred
100
6
State Sugar. .loo
Hacken sack.Meadow.,loi
Havana Coimnerci..
184
B7
20 'a
40
3'1
4*2
56
123
10.V-
40
rred
1.
75
list.
1
list
71
20
00
4
10
1st Os 1915
r-J
Km). ire Steel
lot
Preferred
loo
ial Carriage
al Chemical
100
Preferred
100
Gorham Mfg Co com. loo
101
Preferred
111
110
Erie Teleg & Telep See B oston
Franklin
47
100
Gold& Stock
100 120
4*28, 1905
Hudson River Teleph 100 1041
Mexican Telephone See Bosto
New Eng Telephone See Bosto
Northwestern Teleg.. .50 122
N Y & J Telephone 100 108
5s 1920
M-N 111
78
Pacific & Atlantic
25
98
Providence Telephone. 50
Southern & Atlantic. .25 100
Tel Tel & Cable of Am. 15 f
6
103
Diamond .Match
g<
Dominion Securities. 100
40
Commercial Cable
100 175
Ootnmer Un Tel (N Y).25 115
limp A Bay Slate Tel 100
78
140
102
101
100
Cons Tobacco 4s. See 8ik Exch list
107
mental Tobae di
104
Corbln Cabinet Lock. 100 a 50 300
Corbin (i' A \ Co
26
Pi
&
420
100
f
rew'ks coo
preferred
98
Telephone
Amer Diet Teleg(NY)100 38
BeUTeleph of Buffalo 100 107
Centra] co So Amer.. .100 107
Ones
'•.
22
46
pr<
1
Lit
1
100
J-
Bd
'.1111111111
1
ol
oston
ill
Os 1920
45
20
.uc...
Col 4 Jli.ckc.al&lpnoo
l-i g 5a 1917
Compressed A ir Co... 100
50
1)
1st,
sebrongh
Clauin 11 B) 1st
2d preferred
1
194 l.Q-J }140*s ill
lias.
l-l
2
N
Bond
Unlisted
shares
Listed
shares
Cm
lock Excll
1'
Telegr
Stocks— -No. shares
Government bonds
5s
1st 5s
1900
1901
1900
1901
and Mlacel
I
1
A-O 8107"s 109*2
Os 1926
Western Gas— 5s See
Exch anye
I
..is—
Newark Consol
27,000
$22,072,800
4,719,475 $459,01
$
$
niiii-iiia
71
68 1922
A
102
Laclede '.as See N V sik Kxeli
Lafay'eGaslst 6s'24.M-N
43
Log&WabV 1st 6s'25.J-D 47 "a 48
isi
$2,924,300
6,166,000
8,981,000
3,584,600
3,570,600
I
00 "a
5100
20
{loo
00
1
I
State
$68,734,900
100,449.400
71,268,500
66,502,600
50
>
Railroad Ac
Par value
Mi ares
1
5s K 1987
Kansa City Gu
WEEKLY AND YEARLY
DAILY.
Ask
1
M-N
os 1920
EXCHANGE
JTOBK STOCK
Bid
80
Jackson Gas Co
TRANSACTIONS AT THE NEW
[Vol. LXX1II.
33
40
5
10
110
106
,
Tuesday
Wednesday .
Friday
Total
23,037
40,706
24,794
17,450
22,873
13,485
23,929
27,954
32.888
20,931
19,666
14,734
$59,000
132,420
213,600
63,210
143,600
28,415
30,767
62,827
29,951
33.272
45,074
32,448
2,188
5,128
7,627
7,205
7,403
2,905
147,345
140,102
$640,245
240,339
32,516
$200,100
217,600
205,016
337,600
100,100
193,700
$1,254,116
Exch
100
S
I
135
130
11
I
I
NY
KingsCo ElecL&PColoo 180
Narragan(Prov)ElCo 50
93
185
140
11*3
116
Madison 8g Garden.
10
65
M-N 55
2d 6s 1919
36*2 39
7
Mex Nat Construe. pf 100
7*a
t
13
70
74
Mononganela R Coal.. 50
46*4 47
119
Preferred
50
100
loo
Mosler Safe Co
20
21
14
16
National Carbon
100
60
84
68
Preferred
100
32
33 *a
See Ba It list Nat Enam'gA Stamp 100
Ion
84
88
Preferred
Exch list
National Salt Seen
20*2 National Surety
loo 140 160
19
33
113 115
40
New Central Coal
Exch list
100
N Y'Loan& Imp
108 110
N Y Biscuit 6s 1911. -Ms 114
68*4
Dock Co
100
95
Preferred
8 94
100
94
80
F-A
81
94*a
1st 4s 1951
81121-2 114
Y El V Tr ($20 pd)100 10 10*2
170
91*2
100 160
Realty Corp
8 90*2
182
Nicholson File Co
100
10
105*2 107
9
loo
Ontario Silver
30
75
80
100
Otis Elevator com
92*2
94
8105 U08
Preferred
100
42
42*2 Pittsburg Brewing
5o t 2334 24
98
Preferred
8 97
50 r 48*2 43 78
24~j 25*a
Pittsburg Coal
100
89
90
loo
Preferred
10*2 11*2 Pitts Plate Glass
100 152 156
5*4
5
8103 106
Plymouth Copper Co. . 1
100 105
Pocahontas Coal Subs ... 120 126
90
95
28
30
Pratt A Whitn pref.. 100
10o
tk Ex list
340
Procter <fc Gamble
Exch list
Preferred
100 200 207
Exch list Royal BakPowd pref.100 104 105
,
NY&QElL&PowColOO
Outside Securities
For Weekly Review
Street Railways
NEW YORK CITY
Bleeck St & Ful F stk 1 00
lstmort4s 1950
J-J
B'way & 7th Ave stk. 100
lstiuort 5s 1904. ..J-D
J-J
2dmort 5s 1914
Con 6s 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
Cen Pk N & E Riv stk 100
J-D
Consol 7s 1902
Christ'r<fe 10th St stk 100
Col& 9th Ave 5s See Stock
Bat stk 100
Dry D E
1st gold 5s 1932. ..J-D
F-A
Scrip 5s 1914
Eighth Avenue stock 100
F-A
Scrip 6s 1914
42d& Gr St Ferry stk 100
42d St M & St N Ave 100
of Outside
Bid
Market See 7th Page Preceding.
Ask
Street Railways
Bid
Ask
Grand Rapids Ry..,.100
32
35
Preferred
100
Indianapolis St Ry S-:e
J C Hob & Paterson..lOO
4sgNovl 1949. ..M-N
Lake St (Chic; El stk.100
Exch 1st
Deb 5s 1928
J-J
Louisv St Ry 5s 1930 J&
8114 110
Lynn& Bos 1 st 5s '24. J-D
eioi 103
M inneap St Ry 5s See Stk
255
New Orleans City Ry 100
§120 125
Preferred
100
210 220
North Chic Str stock.100
101 104
1st 5s 1900-16
J-J
187 191
North Jersey St stocklOO
Exch 1st
M-N
120 130
48 1948
115 118
Pat Ry con 6s 1931. .J-D
103*2 104*2
2d 6s 1914
A-O
Rochester Ry (new). 100
400 410
Preferred
105 109
100
A-CJ
Con 5s 1930
395 405
2d 5s 1933
J-D
50
70
114
So Side El (Chic) stk.100
lstiuort 6s 1910... M-S 112
Syracuse Rap Tr 5s 1940
101
99
2d income 6s 1915. -J-J
UnitRys(StLTrans)100
Lex Av & Pav F 5s See St £ Exc List
Preferred
100
Ninth Avenue stock. 100 190 205
Gen 4s 1934
J-J
Second Avenue stockloo 217 220
100
lstmort 6s 1909.. M-N 8106 107*2 West Chicago St
F-A §118 119
Cong 5s 1936
M-N
Consol 5s 1948
Sixth Avenue stock. .100 175
Sou Boulev 5s 1945. .J-J 8110 112
Gas Securities
SoFerlst 5s 1919. ..A-O 8108 110
NEW YORK
Third Avenue See Stock Exch list
P & 5s 1928 104 107 Cent Union Gas 1st 5s...
Tarry
YkersStRR 5s 1940A-O 107 109
Con Gas (N Y) stock
Y
EquitGascon5sl932 See
28th & 29th Sts 1st 5s '90 110 113
Mutual Gas
Twenty-Third St stk. 100 408 415
100
J-J 103
106
New Amsterdam Gas—
Deb 6s 1906
1st consol 5s 1948. .J-J
Union By 1st 5s 1942 F-A 11C 1* 117
N Y ElecLtHeat<fcPower
Westchest 1st 6s 1943 J-J 107 110
Gold 5s See
Y Stock
34
99
248
37
101
251
101*4 102
108 110
B&
W
M
N
BROOKLYN
Atlan Ave 5s 1909. .A-O
A-O
Con 5s g 1931
lmpt 5s See Stock Exc
B B & E 5s 1933. .A-O
Brooklyn City stock.. .10
Con 5s See Stock Excli
BklnOrosstn 5s 1908. J-J
Bkn li^ts 1st 5s 1941 A-O
W
BklnqCo&Sub
NY
8107
114
H
list
102
242
105
105
Bklyn liap Tran
Coney Island & BklynlOO 325
BrkO&N
243
list
See Stk Exch
See Stk Exch
J-J
1st 5s 1903
5s crtts indbt 1903. .J-J
6s 1939.J-J
Gr St&New 1st 5s '06 F-A
Gr'pt <&Lorimer St 1st 6s
Kings Oo. Elevated—
1st 4s 1949 See Stock
Nassau Eleo pref
100
108
115
101
100
N
East River Gaslst 5s 1944
J-J
Consol 5s 1945
J-J
<fe
Nor Un
1st 5s 1927. Mis'
Standard Gas com
100
Preferred
100
1st 5s 1930
M-N
107
list
list
400
103
103
113V, 114*2
OTHER
CITIES
Light & Tract. 100
Preferred
100
Baltimore Consolidat See
Bay State Gas
50
Amer
Binghamton Gas—
MS
109
list
18
80
2
80*4
ll s8
11*2
102% 103
8118
8112
119
113*2
Exch
list
28
100
180
105
30
31
81
29*2
80*2
8127*2
8100
41
94
112
100
Ferry Companies
NY&BlstOs
Con
5s 1948
19.ll.JJ
See Stock
Metropolitan Ferry 5s...
E R Ferry stk.100
N
M-N
1st 5s 1922
N Y & Hoboken stk.100
Hob Fy 1st 5s 1940 M-N
Y&
Con 5s 1946
J-D
New York & New Jersey
J-J
1st 5s 1946
10th & 23d Sts Ferry 100
1st mort 5s 1919. ..J-D
Union Ferry stock.. .100
M-N
1st 5s 1920
8
42
Railroad
96
113*2 Chic Peo & St L pref.100
8934
90*2
91% 92
8
98
9934
Preferred
1st 4s 1951
K C Ft Sc <fc
See Stock
NY
N
NY
f
85*2
J-D
Mem pf See S
Refgg4sl936
r
l
i
Brooklyn Ferry stocklOO
104
Prior lien g4*2s'30MttS
109
Con mtg g 5s 1930. JdiJ
100*2 102
Income 5s 1930
33
33*2 Denver & South'n see S
88
89
Detroit Southern See Stk
tk
..100
Preferred (w i)
100
4*28
lien
Prior
1926(w i)
8109*2 111
1st con 4s 1951 (wi)...
Stock Exc
Nor Pac new4s (wi)
Stk E x list Nor'n Securities (wi) 100
295 305
50
Pitts Bess & L E
Preferred
50
108 34 109*4 Seaboard Air Line See B
Ex
ockEx list.
Rubber Goods Mfg
62
Russell & Erwin
26
135
87*2 Safety Car Heat & Lt ion
14
Simmons Hardw com 100 169 174
86
i
list
1
87>4
13*2
38*2 39
Preferred
101*2 10134
2d preferred
7S"J -J
Singer Mfg Co
....
Mex National (w i)
110
Snap Hook
<k
t
139
138
250
loo
loo
Eye
100*2 101
Standard Milling Co. 100
36
36*2
Preferred
100
t
70
75
5s
alt list
Standard Oil of
J. .100
Stand Undered Cable 100
Industrial and .Wised
SlOSS-Shellield See Exch list
25
Standard Coupler com 100
Aberdeen Copper
20
Preferred
100
113 114
Acker Mer & Condit. . Os 100 101
Stillw-Bier & Sm V pf 100
108 110
Amalg Copper See Stock Exch list
ostou
100
107 109
Cheni
Swift
Agric
<See B
d; Co
list
130 135
57
1st 5s 1910-1914... .J-J
Amer Bank Note C0...0U t 55
Bicycle See
Y'stk Exch list
Tennessee Copper
26
150 155
10*o Texas A Pacinc Coal. 100
10
8116 117
American Can com... loo
58*4
00
Preferred
loo
1st 6s 1908
A-O
78
Title Guar& Trust.. .100
83
American Chicle Co. .100
SO
23*2 25
Trenton Pottery com 100
Preferred
52
100
100
89
Amer Graphophone...lO t 3*2 4*2 Preferred
91
7^8
8*2 Trow Directory new.. 100
Bait list
Preferred
lo t
3*2
lo
Union Copper
"8
Amer Hide & Leather 100
4
29
Union Steel & Chain. 100
Preferred
100
31
Preferred
100
6s See Stock Exch list
8 93
95
85
Union Switch <fc Signal 5o
Bosto n list Amer Press Assoc'n.ioo
95
80
Preferred
American Screw
100
9
10
Union Typewr com. .100
38
78
Amer Shipbuilding. . . 1 00 37
80
100
Exch list
95
1st preferred
Preferred
100
,98
Q
100
loo
2d preferred
Soda Foun com..
Q
6
100's 101
50
60
1st preferred
U S Cast Iron Pipe. ..100
94
100
97
Preferred
10
13
100
100
102 104
2d preferred
American Surety
S Cotton Duck
8107
50 180 185
Preferred
100
24*4
100
12
Amer Strawboard
14
F-A 100
Bonds Os
U s Envelope com. ..loo
80
80*2
loo
Preferred
AmTypefo'rs stock. .loo
53
56
Amer Woolen See Stock Exch list U S Glass common. ..100
8103 104
Preferred
100
1
2
Amer Writing Paper. 100
73
100
8
Exch list
Preferred
9
U S Reduct<fcRefininglOO
100
67*2 70
Preferred
J-J
31
5s 1919
35
loo
lstmort 6s
Anthracite Coal
70
80
Corporation
Steel
15
Barney Sm Car
US
48
100
18
51
Preferred
Universal Tobacco... 100
100 118 125
23
30
Preferred
100
50 130 140
Bliss Company com
Preferred
8104*-, 105*2
50 135
Va Coal iron <fc Coke. 100
M-S
Mort
Guar.
..loo
405
1949
5s
49
Bond A;
t
51
Brit'h Columbia Copper 5 I 10*4 10*2 \\ stmgh Air Brake. .50
23
26
White Knob Mining.100
Celluloid Co
1001 100
103
101 102
Worthing Pump pref.100
23
Cent Fireworks com.lOOl 18
65
70
Preferred
...100|
55
60
5s 1938
A-O
Boston United Gas bonds
Buffalo City Gas stocklOO
1st 5s bonus
Chicago Gas See X V St k
Exch list
Cincinnati
Gas & EleclOO
85
83
5s 1944
A-O 112 114 Col Gas L <fe Heat comlOO
Preferred
1st 4s 1951
J-J
99
100
97
1st 5s 1932
N ewWb'g & Fl 1 st ex 4 *2S 106 108
J-J
Gas
Stein way 1st 6s 1922. J -J 8117
Consol
(N
J)
stk.100
118
1st 5s 1936
J-J
OTHER CITIES
Consum Gas (J City)
Buffalo Street Ry—
1st 6s 1904
M-N
1st consol 5s 1931. .F-A 811634 118
Detroit City Gas
50
Deb 6s 1917
Detroit Gas &eeNYStk
A.O 8105 107
Chicago City RR stk. 100 186 190
Essex & Hudson Gas loo
Clue Union Trac corn. 100
11*8 Fort Wayne (Ind)—
11
Preferred
47*2
1st 6s 1925
J-J
loo
47
Cleveland City Ry
Gas&Elec BerirenCo 100
100
113
Cleve City 1st 5s 1909.J-.I
Grand Rapids Gas
"85*""
Cleveland Electr Ry.lOO
1st 5s 1915
F-A
Con 5s 1913
Hartford (Ct) Gas L...25
Columbus (O) St Ry..l00 46
Hudson Co Gas
48
100
Preferred
loo 101*2 103
5sgl949
Colum Ry con 5s See Pli Lla list
Indiana Nat & 111 Gas
Crosst'wnlst5s'33.J-D 8110 113
1st OS 1908
M-N
i Buyer pays accrued interest.
t Price per share.
t Sale
104
106
89*2
87*2
Phila
17
Preferred
100
Rholsl Elec Protec ColOO
Storey General Elec. .10
United Electric of N J 100
4s 1929
Unit ElecLt *<fcPo Co.". 50
37*4
5
22*2
N
690
Exch
29
118
t
.
Am
Am
N
Am
U
&
<
price.
142
113
260
3734
6*2
25
70
695
220
list
32.
70
105 110
ilOl
102
1034 11*4
t
75
8106 110
525
j
69
6*a
72
70
t
4*4
27
40
4*n
35
50
72*a
1
t
62
120
115
6*8
31
24
85
80
90
65
125
118
6*»
33
27
90
45
85
34*4
140
37
66
84*2
145
.'.7*4
67
b7
Stock Exch
16
13
48
6*4
52
fl72*2
17*2
118
7
65
18*4
120*a
December
THE CHRONICLE.
1901.]
14,
Boston, Philadelphia and Baltimore Stock Exchanges
Prices- Not Par Cent am Prices.
Mbin
taiurday,
Monday,
Tuesday,
Dec. 7.
Dtc. 9.
Dee. 10.
967*
•107
•841
188* 189%
160
188
143
143
3B* 3rt
31* 81*
94
94
94
191
•841
191
•
ieo
•
3."«
91* 93
•88* 88*
W3Ug
83*
'86*
85
88
38
31
•il* 3?*
•18% 83%
108
•144
35* 38
199
84
168
70* 78*
58* 83*
148
'so*
S3* 3*%
167
•841
191
189" 189
7i* 78*
63* 53%
74
•149
ae
i»i"
:68*
188
74*
68% 68*
76%
8a*
168
167
•841
190
180
•
3BK* 988
857* 967* 3B8
858
107
848
358
107
843
180
187
108
74
88
Daily and Yearly Record.
ACTIVE STOCKS.
Friday,
Dee. 12
Dec. 11.
—A
Hangt of Bales in 1901.
1 Indicates unlisted.
Dtc. 18.
I.mr,
Railroad Blocks.
86*
ieo
188
Wednesday Thursday,
1257
83*
109
•
sio* •810 810* 810 SlOlg •910 810*
74* 78* 74%
74* 74* 7314 74 7-la 74
33* 34 1-16
b
84 8-10 7-lt> 88* 84 8-i^
8S*
39
3«*
89* 89% 88*
89*
39*
88* 39
86* 30%
90* 88* 88* 86* 88* 88*
80* 87
60
60
Bt* Oi* 60* 60*
100
100* 99 100* 100 100* 9b* 09*
88* •K8* 88* 88* 89
88* 88|« 88
8H% 3.* 88
34* 88* 33* 33*
88
14* 14*
14* 14*
14% 14* 1«* UK
810
•94
•94
W5
95
96
88
09
05
70*
94
95
98
858
106
191
100
180* 182
70
78*
(Bo*ton)....100
Boiton A Albany
"
....100
Bo*ton Blevaled, full paid..
"
....100
Boiton & Lowell
"
....100
Boston A Main*
"
....100
Cblo. Jnno. A Un.Btook Yd*.
860
189
886
•188
•841
191
191
'181*
160
133
71
71
"
....100
Preferred
Choc. Okla. * Q. trust oerts. (Ph!la-i.... 60
61
"
68
.... 60
08* 88* Preferred Tr. oertfs
•144
146
(Boston).... 100
140
145
Fltohburg, prsf
(Phlla.) .... 60
34
88* 34* 86* Lehigh Valley
89
32* 38* 34 Massachusetts Kleot. Cos. 1. (Boston)..,. 100
98
92
"
91* 98
....100
Preferred 1
•21* 88* Mexican Central
"
....100
91* 93
•100
(Bait.) .... 60
107
106 Northern Central
(Boston).,,. 100
810* 910% •810 810% Old Colony
(Phils.).... 50
78* 7d% 79 11-16 78 Pennsylvania
"
.... 80
29* 8b* 32* 98* Heading Company
"
39 8 -18
39* 89* 1st preferred
.... 00
"
97 11-16 M* 2d preferred
d
..,, 60
se* 96% 86% 30* Seaboard Air Line
(Bait.) .,,.100
"
4«% 60
49% 80% Preferred
....100
07* 98
97* 99 Union Paolflo
(Boston).... 100
"
87* (•8 '
....100
88* Preferred
32* 82*
81* 89* Onion Traction, $17* paid. (Phlla.)..., 60
14* 14*
'4* 14* United Ry * Bleo. Oo
(Bait.) .... 00
80
94% 94* •9*
94* West Bnd Street
( Boston) ....
U\gKul
j;
Jan.
NO Apr. II
IE 100
July 17
July
Apr. 93
189
Deo.
Apr. 84
14 * Jan. 31 183
June 19
1 36
Jan.
185
Apr. 8
87* Jan. 8H 42* Nov. 10
45 Feb. 90 8b* May 10
139 Jan. 19.148
Apr. 88
38* Jan. 4 3^* May 1
94 Jan.
48 July 1
77* Jan.
96
June 11
18* Jan.
39* May 8
88* Jan.
100* Deo. 9
70 306 Jan.
818% Apr. 99
3,870 69
May
81
Apr. 90
107,797 12* Jan.
25 15 •16No8B
1,802 32 8-iejan.
40% Jan* 17
80,394 19 Jan.
30 11 -16No99
1,836
9* Jan.
80* June 91
1,910 24* Jan.
64* Sept. 90
8,638 78* Jan.
188% Msy 9
76t 82 Jan.
99 May
1
37,645 24* Jane
37 Jan.
8
4,680 14* Deo.
18* Mar. 99
88 92* Jan.
90 Apr. 88
251
169* Jan.
983
•
.Miscellaneous Stocks.
89* 74*
SOW 90* •3b* 83
81
81
01
%
190
1S1* ll«* 18'*
U6* no
34* 84*
16
14
01* 81*
SO* 80*
90* 80*
86% 88* 80
48* 46* 40
IB
16* 15*
78* ™% •78*
11-18 3*
3*
66
46
19
77
•I
12* lr
118* lie*
116% 117
45% 48* 45* 45*
14%
89
99
18
H«
....
....
81
INACTIVE STOCKS
'
Dec
48*
Amer. Rail wa> s (Phil) 80
* Charlotte(Balt) 100
Boi* Maine pf.(Bost) 10C
100
Boston A Prov. "
"
OornAPasaum
100
Oonn River.... " 100
OonsolTrPitta!(Phll) 60
"
60
Prsfl
«s South* Fla.(Bait)100
100
100
"
lit pref
"
Sd pref
tVrmant'n Pass(Phll) 60
60
Hsstonv
"
Pref
60
"
100
ind* Street
"
6C
Little Boh ay Ik.
Mains Cantral. (Bost) 100
100
171
301
160
870
88
64
47
96
70
ASH. (Phil)
"
Phil Germ* N.(Phll)
"
Phils. Traction
SC
60
By* Oo General! "
...
Rutland prsf ..(Boit)100
(Fhll)lOO
Celled N J
36
OnFowA Trans
West Bnd pref. (Boat) 50
WcstJsrA8 8.(Phll) 50
60
WeatNYAPa. "
Wis Cent, new.(Boat)10C
"
loo
Prsf
WorNashAR. '• loo
MISOBLLANBODB.
50
BC
NewBngGaAC
170
880
NewHarlA
s s • *
<
• * • • *
I
1
"
06
107
78
I • • •
80
96
-
97*
6*
5
*
•
i
«
SS
S •
S S * S S
i
UnCopLsM'g
I
IIIMI
4C*
8C*
41
140
180
5
0*
'*%
5
* • • *
31
H
87
......
*
42
84
47*
13
14
180
160
8*
3*
38
40
s s • •
•
47*
.
Bait Belt 1st 5a. 1 990MAN
BaltCPaslit 5*.191 1MAN
Bait Fundg 5a.l916 MAN
00
106* 100
•
••SI
• •
••>
98"
7
1st 6s tunnel 1911..JAJ
Bal Trao 1st 5a.l020MAN
37
31
8
38
83
80
01
Bxt A Imp 6a.l901MAS
NoBaltDlv5a.l942J&D
Oonv'rtlble5al906MAN
Central Ry 6a... 1918 JAJ
Conaol 5a..., 1933 MAN
Bxt A Imp 5a.l932MA8
Chaa City Ry lat 5a '23J AJ
Chaa Ry G A Bl 5a 90 MAS
CharlCAA ext6a.l900JAJ
9*
00*
18* 14
10* 30
6*
I
1
S • •
>
'
3%
3
64
Bonds— Boston.
{
|
100
• • • •
•
93% 94*
hie* 117*
Curr't Rlv 1st 5a.'27
<fc
MaoonAN
Com
HA8M
IitSP&DynamlPhll) 50
Int But
Isly Royalei;..(Bost) 36
BXaaufac Bub. .(Phil) 60
Pref.
50
14*
378
1
10
K CA M Ry AB 5a.'39 AAO {107%
3
KCStJoACB7a.'07JAJ {115
1*4
LRookAFBlat7a.'05JAJ {100
MarHAOnt6s...'25 AAO 1118
Mex Cent 4s g.. 1011 JAJ { 80
1st ocn Ibo Sag non-oum
88
9
80*
KCMABlat4a..'84MAS
Inoome 5s
3k
'so*
9d
i»OP 'tip 3» nnrt-nTim..
18
1
at
iimii
108
108*
181*
131
•SSSSf
100* 110
•••••*
>•••••
no
117
63*
118*' 130
117
i
• •
-
108* 107*
03
114
04
• • •
i
•••••l
«•••••
lie
110
108
112
107
115
114
110
88
i
• » •
85*
•!••••
no*
63
89
29
|
38* Mar.
5
Dec
41
7*
8*
Nov.
Dec.
3
88
18
99
146
127* Jan.
38
4*
10
113
8*
38
60
I
Feb. 13
Jan.
48% Nov.
80
17
56
Dec.
Jan.
Jan.
54
81
ex
la
3
14
9
Mar. 30
Apr. 19
Dec. 8
Deo.
Sept.
76*
Lowest
8
IS
18
9
June 90
128*
Sept. 13
30* Feb.
33* Jan.
10* July
MAN
Ter lat 5s. 1928 JAD
BergABBre w 1 st6 s'2 1 J AJ
Cambrlalron 6a.l017 JAJ
ChesAD Canlst5a.'16 JAI
Balls
dlvid.
Bid.
ABk
99
100
180
ioc*
U5*
115*
181
119
96
113%
ChooAMemlst5al949JAJ 116* 117
5s'19J&J 111* 112*
Clt'a'StRy(Ind)oon 5a.'33 109*
Colnm St Ry lat oon 5a.'3
ConTraoof NJ 1st 5s.. '8. 1C0*
DelABBklst7s.'05FAA
BastAA latM 5a.'20 MAN 114*
Bdiaon Bleo 5a atk tr otf s
BleoA Poop's Tr stk tr ctf t
BlmAWllm lat 6t.'10 JAJ
Inoome 5a... .3863 AAO
BqIllGaa-Llatg5a.l92^
Heatonv M A F oon 5a. '24
HA B Top oon 5s. '25 A to
Ry
04* 04%
87* 67*
110
133
••••••
U8*
* S •
4a. .1933
••
117*
97* 98*
117
107
110*
87*
1910 MAc
2d 7a
Consoles
1083 JAD
JAD
Annuity 8a
Nat Asphalt Oa.1001. JAJ
New'k Con Gaa 6a '48 J AU
8b*
113
110
LehValext4a..l948JAD 117
«••••
180
187
184*
16
105
17
* • • •
•
Newark Pass con 5s.l03O 113*
NYPhllANorlst4s '30JAJ
Inoome 4a. 1 U30 MAN
. .
No Penn
lat 4s.. '36
GenM7s
MAN
10O3JAJ
Penn gen 6s r... 1010 Var
Consol 6a
Consol 5s
o. ...1905
r.... 1919
Var
Vai
Penn A Md Steel oon 6a.
Pa AN ?Can7a..'08 JAD
104
84
ioe*
iV6*
i'io"
AAO 109*
AAO 95
Penn Steel lat5a.'17 MAN
Cona 5a
Cona 4a
1939
1939
we*
People's Tr tr oerts 4s.'43
PhKa Bleo gold trust otf s
Trust oertfs 4s
100
68
M 7a.. 1911 JAD
187
•*•*••
09
9W*
PhAKr gen M 5g.'30 AAO iac* 189
Gen M 4s g.. 1920 AAO 10b* 109*
Ph A Read 2d 5s.'3S AAO 181 133
Conaol
Con M 6s g... 1911 JAD 119* 180*
BxtImpM4sg.'47 AAO 1C8*
Con M of '82 4s.'37 Ju
Terminal 5s n. 1941 y-r 134* 18B*
P Wll A Bait 41.1917 AA<
Oollat trust 4s. 1 82 1 J AJ
Read Co gen
86
VlrgMldlat6a.l0O6MAS 107
2d series 6s.. 1911 MAS
Sdaerlea 6a.. 1016 MAS
4th aer 3-4'5a.l921MA8
5th series 5s.]93A MAS
13
Dec.
Dtc.
8* Dec.
*Dec.
Lehigh Nav4*s..'14 Q.-J
1914 Q-F
RR4ag
Gen M4*sg.. 1934 Q-l
Leh VC'l lst5ag.'33JAJ
106*
A Roan 5s. 1926 JAJ
So.Bound lat 5a '41. AAO
UnBlLAP lst4*a'29MAN
UnRy 4 Kl lat4a'40.MAS
Inoome 4a 1049.... JAD
79*
IB
9
19
Indianapolis
Norfolk St 1st 5s '44. JAJ
Seab
Jan.
Oct.
Jan.
Apr.
Jan.
Feb.
Feb.
Jan.
Apr.
131
BavFlsAWest5s'34AAO 114
Seaboard A L 4a 1950....
86
100
85
3
50
99
100
NewpNAOPlst5a'88MAN 100
BecAvTn(Pttts)5a'34JAD
••
Aug.
Deo.
Mar
-:
••••••
•••••*
» • • • t
108
• •
97* 98*
lie* 117
NorthCent4*a.l925AAO
6a 1904
108
JAJ
Berlea A 5a 1926.... JAJ 121%
BerieaB 5a 1926.... JAJ 181*
Pitt On Trao 5».1997 JAJ 116* 116*
PotomVal 1st 5s. 1941 JAJ 107
113
3-.% Apr. 13
78
ChooOkAG gen
4*a '90MA8
Maryland Brewing 6a ....
Met8t( Wash) 1st 5s'35FA
New Orl Gas lat 5s.. .Var
100
I
\
GaCarANlat5ag.l929JAJ HI* 112
GeorglaPlst5-6a 1922JAJ 197
190
GaSoAFla lat5a.l945JAJ 118* 114*
KnoxvTrao lat5a '28 AAO 07
90
Lake R Bl lstgu5s'42MA8 118
00
••
" 100
" 100
"
10
40
39
15
Atl City lat Sag.. '19
Ga AAlalatpf5al045AAO
86
{100
AAO
31
DGRA Wlst4s.'46 AAO 2100
DanvBeBBemer(Phli) 1*
Domln Coal lst6s.' 18MA8 2110
DeLong H
K " 10
••••• ^ast'n ist M 6s g.'08 MAS 2111
Diana State St..
10
1« sst; Fr KlkAM V 1st 6s '33 end 2137
" .,
Pref
Unst'p'd lat 6a.'33 AAO Il85
5*
Domln Coal pt (Boat) 100 119 an* Ulln Steel oonv Ss.'lO JAJ (100%
"
Dom Iron <b 8.tf
35
Debenture 5s. 1 9 1 3 AAO {100*
86*
Kaston Con EL (Phil) 60
KCCA81at5ag.'25 AAO
Edison El IU'..(Bo*t)10O 986 170
K C Ft SAG lat 7a.'08 JAD {114
BiecCoolAmjl (Phil) 60
K C F SAMoon 6a.'28MAN {183*
Pret
Ind-Egyp
30*
34* May 9
65* July 10
7
Bonds— Philadelphia
AlleVyBext7sl910AAO 182* 134
87
Asphalt Co 5a tr otfal949
87*
2d 7s 1010
113
..AAO
CltyASub lst5a.l922JAD 116* no
CltyASub(Waah)lat5a'48
84
06
ColAGrnvlst5-6.1917JAJ 139
188*
Consol Gas 6a.. 1910 JAD 114
116%
6a
1030 JAD 115
no
65
Non-exempt 6a. '18 JAJ Il07
Sink fund 4a. .1910 JAJ |l00
84
Cent Vt lat 4a 1920. .Q-F I 83
Ch Bur A (J 4a. 1922 F&A 2101
IowaDlv 4a. 1919 AAO ;103% 104
118
Chicago Juno 5s. 191 5 JAJ {110
Oh A No Mgu 5s. '31 MAN hoy
8* OhlAWMgen5s.'31 JAD
1%
127
20
Bxohange 3%a.l980J<jfcJ
BaltAPlat8sml 1911AAO
7*
7
Am BsilTel4s..l908 JAJ 99%
A TAB Fgeng 4s.'95 AAO U09
.
4a
Anaoostla A Pot
5s
Atl ACh 1st 7s. 1907 JAJ
AtlG-Llghtlst5sl917JAD
Atl Coast L otfa 5a .JAD
•75
'80
United Fruit (Boat) .100
26
US Mining.... "
" 4-86
Otah Mining..
Warwick I A 8. (Phil) 10
50
Weatm rel Goal "
Winona Mining (Boat) 25
Wolverine Mln. "
95
MAN
1016 MAN
1014MAS
Bonds— Bultl more.
......
6* Bos Un Gas 1st 5a. '39 JAJ i 80
3d M5a
1930 JAJ i 53
1%
•••*
Bur A Mo Rlv ez'pt 6s. J AJ H19
86* 87
LM
1-ranklln Mln'g. (Boat) 26
" 100
General Elect..
13*
58
WeatVaCAPlsteg.'llJAJ
Wll A Weld 5s. .1935 JAJ
Rutland 1st 6a.. '02 MAN {101*
Rut-Can lat 4a 1040. JAJ 1101
4*a
Deb
, . ,
4
.
Deo.
Jan.
Dtc.
Feb.
Fund debt2-3*.1991JAJ
Weat N C oon 6a.l914 JAJ
•
»
Mar.
4 183
Msy 89
Nov. 29 860 Mar. S
16* Mar. 27 31* June 11
Baltimore— Conolu'd.
Va (State) 3* new.'32JAJ
1108
Gas AC lat 5s.. 1987 1 57
68
New Bng Tele 5a.' 1 6 AAO {103
6a
1907 AAO {103*
N YANHnglst7a.'05JAJ {110 111
lat mortes.. ..1005 JAJ {107
Jan. 12
7 158* Jans 8
3 180
July 19
BONDS
Aek
Seat Blec lat 6al 03OFAA 1104* 105
Torrlngton lat 6a 1918... i
••J«i
Weat Bnd St 5a.. '02
102
82
1%
lUK
85
50
Adjustment g 4a. .1095
Boston Term'l 3*s. 1947
%
80
•
"
DnBlLAPowpf (Bait)
111
7
30
4*
4
80
Tidewater St... (Phil) 10
Torrlngton"A"(Boat) 35
"
Pref
26
106* 107
•
8%
5*
9
1*
SuaqueI&8!..(Phll)
5
Tamaraok Mln. (Boat) 25 306 375
•••••
Bid.
NB
178
173
....
S.(Phll)
BONDS
A.ak.
*
Apr. 96
615
.
Boston— Conoluded
NewBng oongen5s'46JAJ
N B CotYarn 5s 1029FAA
Old Col Mining. (Boat) 85
25
Osceola Mining. "
Palmetto Co.... (Phil) 85
Parrott811ACop(Boat) 10
Penn Bleo Veh. (Phil) 60
"
Pref
50
60
Pennayl 8alt... "
"
Pennayl Steel
"
Pref
100
"
Phlla Co
00
PlantersCompK Bost) 100
"
35
Qulnoy Mining.
86
Rhode Isl Mln.. "
5
Santa Ysabel G "
"
100
Seattle Bleotrlo
"
Pref...,
100
69
64
50
26
85
"
Atlantlo Mln'g.
86
"
Baltic Mining..
85
Beth Steel
(Phil) 50
Boston Bloc
Bost) 100
Osmbrla Iron. .(Phil) 60
Cam b S Drexel rect " ....
Osnton Co
(Bait) 100
Central Oil
(Bost) 85
ConMercur gold •'
5
(Tomb Tel A Tel "
100
Dsly-West Mln "
20
Bid.
4dBrew.sastpd(Balt)100
"
100
Pref., asat.pd
ttanrenthalar (Boat) 100
"
<*x Telephone
10
171
Allonei Mining (Bost) 96
Amer.Oement.(Phll) 10
Am Gold Dredgl Host) 10
Amer. I. AS... (Phil)
AmPneumServ(iJost)
Prsf .....,.,., "
"
Arcadian
"
Arnold Mining.
MISCBLL.—Conoluded
. .
50
SO
Besqushon'g V.
60
KorthPenn.... "
1'srs Msrqa'tS.(Bo*t)100
"
100
Prsf. .........
STOCKS-BOND8
13.
. .
MAT"
Mlnshlll
Ask
3*
11'/* Oct.
113* Oct.
151 Jan.
*
Bid.
RAILROADS.— Prices
All
*
Jane 18
91
*Dec.
. .
,
81
aakedprloet
•
•Bid md
H
129* Jans IB
34* Jane 18
Deo.
Oct.
Jan.
30
80
UN
11* 11*
7J% •73
05
.
I
29
89
!.
.
4*
4*
Amer. Agrtoul. Chemloal
88
Preferred!
*
3*
69* 8»* 89%
138* 13S* 138*
88* 35*
88
10
83
.
8*
1*
•3
88
•188
88
81
•91
m*
160»«
046
'630
088
94* 94*
18% 16
3
32
81
•31
X
*
115% l'S'«
180% 101 % 10U
010
68* 88* Amalgamated Copper!
(Boston).... 100 97,010
"
118
....100
944
"
....100
80* 80* 80* 80%
(Phils.).... 60
800
American Alkali
"
Preferred, 910 paid
.,,. 60
130 194
119 191
Anierioan Sugar Rennlng!. (Boston). ...100
119* 120* 118* 180
8,406
"
047
115%
116
115*116*
Preferred!
....100
115* 115*
,
"
160 161
100 160* Amer. Telephone * Tel. Co..
160 160* 180
....100
1,700
318
831
036 040
840
020 633 Calumet A Hecla
"
080 638
.... 25
6.641
34* 34* 34* 2S
84* S4% 94* 24* Camb.Steel, 113* paid reots.(Phlla.) .... 60
14
16*
15
15
15*
14*
Centennial
Mining
36
3,876
18*
16%
(Boston)....
317
(Bait.) ....100
81* 0i* •81
61* 61% 6.* 61* 61% Consolidated Oas
31
(Phlla.) ..,.100
0,069
88* 23
23% 28% 92* 99* 24 Consol. Lake Superior
60
6'* 60* 66* 66* BO* 68* 67
"
1,606
Preferred.
....100
46
48
9,014
46* 47
48* 47* Dominion Coal
(Boston).... 100
46* 47
18
18
17
Brie Telephone
"
8,244
18* 10
IS* 16
10
....100
74
•74*
74
74
285
74
Lehigh Coal St Navigation. (Phlla.) .... 50
"
4
Mars-Jen Co!
0,871
8* 4
4*
..,,100
4* 4*
4*
1-16
1-10
1-16
"
1
1
1
1
.... 00
1,010
1*
Ik National Asphalt 1
•8
"
9%
Preferred!
1,665
8*
9*
.... 60
9* 2M
•k0* 90
71
89* •89* 90 New Bng. Cotton Tarn, pref (Boston) ..,,100
89* 89%
183 133
184
188
184
New England Telephone....
"
184
183 183
87
....100
85
94
"
85%
25
4,753
23* 34* 34* 94* Old Dominion Copper!
...
28
4 ("10 4* Philadelphia Bloc! 5 paid.. (Phlla.)
13,937
4* 4* 4 9-18 11-16 4 11-16 6
15
17
14* 15* Trinity Mining
13,458
15* 16* 14% 16%
,, (Boston).... 26
lie* 117
115* 110 United Oas Improvement!.. Phlla.)
SO
007
40
40
45* 4654 40
48
United Shoe Machinery. . , . , (Boston) .... 86
1,898
48* 46
•89
88* 29
29
39
29* 99* Preferred
1,889
89%
.... 20
1*
li* 13 United States Oil
"
19
11* 13
....25
8,190
11*
88
88
WelsbaohOo
(Phlla.) ....100
40
»!»••• ••••
•
•73* 74* •7s* 74*
74
Westlngh. Bleotrlo A Mfg. (Boston) .... 60
I • S • ••
7.!* si*0
8C
81
81
"
81
Si
Preferred
no tale was made.
3813-16 99* d27 13-16 88 9-16
b33 15-16 94*
S 98 7-16 98 16-16
80
80
30
80
8l
67* 71*
72*
69
•31
4s, 1997 JA.I
Rochester Ry oon 5a. 1930
8ohRBSldelat5s g'35JAU
Boran Trao 1st 6s^92M AN
UnTraoPltts genSs' 97 J A.)
Welsbaohaf 6a 1980. JAD
lAnd
lntereat.
•Price lnoludes overdue
i'o0*
116*
OS
CHRONICLE.
THl
1258
^muestmewt ami
[Vol.
1
.XXIII.
&nuUiQmu.
^laxlrjoatl
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which rc^uhir weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of Hie
street railways are
brought together separately on a subsequent page.
Change— Our yearly totals now all date
Kotlcc
Latest Gross Earnings
ROADS
Week
or Month
July
from July
1 to Latest
Date
Current
J'revious
Current
J'revious
Year
Year
Year
Year
18,579
40,158
18,3041,001
$
September
Adirondack.. .
Ala Gt Southern 1st \vk Dec
Ala N o <fc rexas Pac June.
.
NO
No
Bast
Ala A Viek6b'g
Vlokab Sli & P.
St
Ann Arbor
Ann Wash & Bal
A tell Top ct s Pe.
Atlanta & '"liar..
No.
Atl Knoxv
<fc
Atlantic & Btrin
Atl Count Line...
Atl ValdA West.
Bait <te Ann SL..
Balt<fc Ohio....?
B&
O Southw.
<
..
No November
Canadian Pacific 1st wk Dec
CentT of Georgia lst wk Dec
<fe
Cent'l New Eug.. October
Cent'l of N Jersey October.
158,576
5,037
4,910
3,321
2,612
117,400
87,553
451,023
750,000
181,240
53,008
136,803
8,500
4,187
3,350
•
Wu
CbicRI&Pac...
Chic St P M & O.
Chic Term Tr RK
ChocOkli Gulf.
CinN O&TPac.
ClCinCh& StL.
Peoria E aet'n
<fe
Ciev Lor & Wheel
Colorado & South
ColNewb & Lau.
Col Sand <fe Hook
Cornwall &Leb..
Cumberl d Val ej
Denver a; Rio Gr
Detroit Southern.
Dct
&
Mackinac.
DulSoSh&Atl..
E St L & Carond.
Erie
wk Dec
900,800
800,018
October. 4,546,105 1,181,225
November 123,727 124,132
October. . 2,944,491 2,615,839
October. .. 1,261,630 1,236.483
lst wk Dec
20,825
27,480
November *490,335 *358,391
tthwkNov 174,123 150,518
IstwkDec 363,010 384,013
1st wk Dec
53,981
53,227
"November 229,189 160,490
IstwkDec 103,000 113,326
October..
17,709
16,716
thwkNov
26,979
25,278
October. ..
18.291
31,613
October. ..
115,976
92,914
IstwkDec 227,100 220,000
1st wk Dec
25,390
22,011
October.
65,850
63,404
1th wk Nov
65,046
54,083
November
17,207
12,190
October.
3,757,162 3,158,337
Lst wkDec
5,76'
6.0S7
IstwkDec
20,357
26,354
September
9,035
9,610
October. ..
198,692 230,856
October.
233,431 189,428
November
97.046 101,129
October.,
32 132
36,103
lst wk Dec
546.9S0 536i831
•3d wk Nov
70,201
98,753
3d wk Nov
21,243
24,990
lst
.
.
Evansv & Indian
Evansv & TH...
Find Ft \V& W..
Ft
& Denv City
Georgia RR
Ga South & Fla..
Gila Val G<L N..
Gr Trunk System
Gr Tr & West'n
W
.
DetGrH&M..
StPMinn&M. November
Great North'n —
111 & Iowa... OctoDer. ..
Int & Gt North'n Lst wk Dec
WkNov.23
Interoc (Mex)
IstwkDec
Iowa Central
November
Iron Railway
Kanawha & Mich
Kan City South'n
Lehigh & Hudson
Lehigh Val RR..
Leh Val Coal Co.
Lexing & East'n.
Let
wk Dec
Ootober...
November
October.
October.
October.
..
..
..
Long Island
K'tober. ..
Lou Hen <fe StL.. November
.
Louis v
<te
.
Nashv. IstwkDec
Macon & Birm.
.
Manistlque
Mexican Centra)
Mexican Intern'
t Mexican Nat'l..
Mexican North'r
{Mexican Ry
Mexican South'i
Mineral Range..
Minneap «fe St L.
M St P & S St M.
t
November
November
1st
wkDec
October.
..
IstwkDec
>Iay
A'kNov.23
wk Nov
October ..
..st wkDec
3d
IstwkDec
2,999,736
283,233
2,422,082
17,081,434
3,474,5 10
219,018
5,907,059
5,740,137
24,002
40,978
7,530,522
3,328,770
19,627,390
2,571,213
3,541,504
2,008,158
21,304,803
17,005,901
611.024
11,435,358
4,311,760
700,703
'2,611,105
2,327,660
8,751,701
1,140,088
1,161,413
2,450,018
57,005
540,103
134,100
423,141
5,558,702
562,002
208,150
1,176,611
70,617
11.072,153
152,152
071,737
33,038
713,060
640,107
520,452
116,806
13,302,278
1,653,911
450,000
3,122,441 2,172,948 13,844,610
510,980 383,158 2,736,190
East'nof Minn. November
Montana Cent'l November 100.905 158,711
Total system. November 3,770,110 2,714,817
Hooking Valley.. IstwkDec 113,280 107,392
Hous & Tex Cent September 517,476 504,520
Illinois Central.. November 3,497,530 3,142,838
Illinois Southern November
8,282
12,665
Ind Dec & West'n luly
59,698
55,928
Ind
552,450
14,533
24,700
12,887
147.000
108,022
70,800
52,138
6,477
10,670
500,055
20,218
Ohio & Little
482,414
Kanawha
17,954 Pacific Coast Co.
15,559 Pacific Mail
11,020 Penn-EastP&E.
WestP&E
2,422
90,334
77.644
385,321
651,000
142,350
58,061
1,543,880 1.028,815
Central Pacific. September 1^74,070 1,805,864
2,403
Oent'l Pa & West June
5,386
( :hattan South'n
IthwkNov
2,677
2,826
Chesap <fc Ohio.. i st wk Dec 305,412 316,271
Chic& Alton Ry. October... 817.800 800,193
Chic Burl & Quin October. .. 5,196,603 5,164,236
Chic & E Illinois IthwkNov 126,218 120,907
Chi Gt Western 1st wk Dec 150.357 126,661
77,00.-)
Chic Ind &L*v.. IstwkDec
90,027
North
st
1st
1st
1st
wk Dee
wk Dec
wk Dec
wk Dec
S
337,905
019,000
18,000
007,000
»
to
Latest Date
Year
out
Year
$
0.950,637
323,843 7,901,95
601,000 16,902,
L4.70 1,000
-.000
21,000
3,000
625,000 17,02-, 705 15,312.959
1
1
Buffalo &Susq... October.
Peo&St L;
StLCh &StPi
Mo Kan & TexafMo Pac & Iron Mi
Month
July
Current
Tear
J'revious
YC&Hud
-
Chic
or
Current
Year
.
;
CWo&
Week
Central Branch
800,184
828,819
Total
181,331
176,177
09.1-1
428,288
350,725 Mob Jack <fc K C. istwk Dec
3,101
91,162
90,390
3,244
,822
353,091 Mobile & Ohlo..c November
40 LOGO
550.100 552,000 2,569,100 2,541,976
98,901
92,764
742,944 Mont & Mex Gull October
828,405
133,001 108,000
1,187
Lst wk Dec
31,819
490,365
36,809
21,442 Nash Oh & 8t La. November
31,470
October. ..
5,404
592.561 3,288,657 3,202,107
7,787
683,731
November
15,052
October. .. 5,390,922 5,070,447 20,107,726 17,410,893 Nev-Cal-Ore
78
17,043
680,291 Nevada Central.. September
September 239,8-23 221.791
721,757
2.314
2,070
9,091
200,787
201,879 N
November
39,201
Ri\ November 5,837,015 5,704,612 32,174,568 28,862
56,012
-.-77
2-2.
"22 2,127,510
48,757
26,418 N YOnt& West. icto ier. ..
November
0,171
521,701
11,311
99-, 007
207.119
077,593
October. ..
740,523 702,894 2,458,019 2,385,090 N Y Susq & West October..
94,340
90,404 Norfolk & West'n st wk Dec 323,431
298,15
.,333
November
109,860
20,260
2,239
19,530
32,069 Northern Centra! October,
October...
37.693
9,005
7,604
819,707 01 8,107 2,930,277 2,510,177
>,733
November 1,271,611 3,885,241 21,762,804 19,480,351 North'n Pacified tth wk Nov 1,202,253 887,844 19,178,310
'J
ChicMilw&StF
54,562
937,801
Latest Gross Earnings
ROADS
November
November
November
Bangor & Aioo-u October...
Bath <& Hainiiion October. ..
Bellefonte Cent November
Bridgt & Saoo K. September
Bufi' Attica & Arc September
Butt Koch <fc it 1st wk Dec
Burl O Rap
59,122
1,081,819
1.
108,943
107,959
78,500
42,118
4,342
15,649
391,096
36.214
746,831
17,327,013
2,307,021
1,325,800
17,234,070
50,413
50,008
502,790
2,242,500
1,408,700
1,112,452
32,085
471.450
1,682,702
165,278
2,894,058 1,645,123 10,087,553
2,138,415 679,000 6,021.100
37.771
31,070
130,100
lnc 59 ,134
Inc. 31
56,062
52,802
208.150
622,715 500,935 13,282,412
11.808
9,623
52.140
4.275
3,208
20,678
386,333 290,985 7,208,781
501,070 483,923 1,017,066
130.626 135,620 8,183,372
43,802
56,240
590. .Mill
89,100 1,666,400
88,200
303.028
14,350
15,528
53,447
212,441
57,668
68,770
63,694 1,036,155
121,2-9
S5;333 2.980,338
...
September
10,991
16,428
399,021 519,023
April ._„.
1 -5,475
355,867
October.. 8,651,278 7.718,578
Inc. 79 7,600
October.
UuwkNov 219,217 198,142
700,718 489,194
Ootober...
Ootober... 1,073,881
046,781
October... 1,975,938 1 ,094,225
Scptembei 220.378 106,260
September 145,400 103,769
52.980
September
47,750
60,419
3d wk Nov
68,469
18,207
855.410
August...
.
2,504,962 Pere Marquette.
234,781 Phlla & Erie
2,105,053 PhilaWilm&B..
13,047,131 Pittsb C C & St L
3,161,992 Pittsb & West'n.
244,095
Pittsb CI & Tol
5,157,668
Pittsb Pa& F..
5,376,126
Total system...
24,430 Plant System— 1
45,858
Ala Midland.
6,946,106
Bruns & W'n. [
/"679,768
3,251,065
Chas &Sav... October
18,389,256
Sav Fla & W.
2,332.255
SilSOc&G..
3,174,531 Reading Co. —
2,870,887
1,830,845
Phil & Read.... October.
19,111,240
3,165,131
Coal&IrCo.... October.
6,036,021
15,606,264
Tot both Co's.. October.
89,827
577,300 Rich Fr'ksb & P . October.
56,425
Rio Grande Jet.. September
11.608
9,976,257 Rio Grande So... IstwkDec
4,025,122 Rio Gr'de West.. November
452,600
627,018 Rutland
September
' 1,731,120
November 106,085
St Jos&GrI
14,126
2,055,183 St LKen'et&So. November
17,070
7,902,505 StL&N Ark
September
1,028,200 StL& San Fran g lst wk Dec 308,80
878,020 St L Southwest .. IstwkDec 161,921
176,741
2,101,712 StL Van<teTH.. November
305,423
55,806 San Ant & A P... October ..
453. 378 San Fran <feNP.. November
04,823
01,800 San Ped o Los An18,000
384,329
geles & Salt L. November
26,986
5,339,886 3Fe Pres&Ph... IthwkNov
503,234 Sav Fla <fc West.. October.
/679,76b
281,586 Seaboard Air L.. 1th wk Nov 212,309
November
25.878
1,134,276 SoC & Oa Ext...
12,570
61,914 So Haven & East. September
52.018
12,976,518 Southern Ind .... November
20.201
1 58,020
So Miss <te Ark ... October. ..
015,4 80 So Pacific Co b... October.. 7,891,090
20,422
30,009
Austin & No'n. May
10,373
701,317
Carson & Col. July
613,772
Soptember 1,874,070
Cent Pacific
503,037
2,828
Direct Nav Co July
123,355
Gal Har & S A. September 589,811
40,887
12,570,139
Gal Hous <te No September
17,331
1,594,074
(xulfW. T. &P. September
68,739
446,891
Hous. E. & iV.T. September
17,894
Hous. & Slirev. September
10,394,051
Houa &Tex Cen September 517.476
July
3,038
2,023,402
Iberia &Verm'n
874,854
Louis'a West... September 143,183
13,202,397
Morgan's L & T September 723,071
27,090
2,142.206
NewMex& Ariz July
37,070
1,111,593
N YT&Mex.. septembei
Tex&NOrl.... September 227,424
15,188,994
280.013
51,435
Ore & Califor' July
July
44,538
55,028
Sonora Ry
00,015
400,302
SoPacCoa8t... July
September 1,735,548
2,210,121
So Pac of Cal
1,576,300
So Pac of Ariz. September 334,010
200,920
1,000,101
So Pac of N
. September
22,162 Southern Railw'y lst wk Dec 730,111
139,467
304,712 TerreH &Iud... November
47,117
1,466,070 Terre H &. Peor.. November
IthwkNov
18,844
Central
184,058 Texas
...
8,023,633 Texas & Pacific.. IstwkDec 244,505
W .. October. .. 17,500
6,153,718 TexS
53,611
122,042 Tol & Ohio Cent 1st wkDec
23,231
3,711
West.... IstwkDec
Tol
lstwk Dec
50,018
280.613 TolStL&W
39,924
12,022,727 Tor Ham & Buff. November
46.008 Qnion Pac RR . )
35,456
Oreg RR <fe N \ October... 4,797,260
7,135.
Oreg Sh Line.
IstwkDec 354,987
1,738,450 Wabash
260,730
3,217,100
Jersey <fe Sea'e October.
570,079
V Cen & Pitt.. September 102,167
June
57,832
1,702,400 Western of Ala .
November 292.500
290,571 Wheel &
225.202 Wisconsin Cent.. 1st wkDec
98,500
vVrightev & T'n.. October
10,817
1 ,445,198
805,444
2,004,041 Yazoo & Miss V.. November
.
/668,256
46,124
1,0 15,495
2,513.701 3,308.378
32,588,773 29.1 19,173
lnc 3,3 80.300
4,097
1,806
2,694,450 2,058,302
4,129,970 3,973,-70
7,2-2,108 6,319
513.7-7
005,010
/
429,97."".
,962
159,729
1,820,588
107,122
1,558,204
2,428,948 '2,343,051
1,878,281 10,166,719 8,047,700
1,021,046 9.78,200,190
2,899,327 19,953.554 17,24:
340.095
100,005
262.031
82,091
58,781
11,217
398,900
2,322.71
88,833
13,495
9,008
349,940
100,459
159,077
345,034
86,482
638,789
72,110
58,743
9,093,180
3,352,711
913,578
931,021
543,094
57'
308,701
.211
255,522
2,176,000
403,620
5-1,127
,024
27,180
8.172,559
3,230,745
847,878
918,946
493,137
i
.
M
V&N
P&
2U
W
W
LE
. .
9,418
19,700
408,699
f 668,256 2.128,048
231,227 4,710,604
112.751
26,428
15,005
27,2 16
30,907
268,696
19,259
77,348
7,417,17 28,813,203
12,830
250,450
11,068
10,373
1,805,864 5,740,137
1,043
521,683 1,729,302
106,031
19,875
14,839
45,808
56,621
203,310
15,202
48,760
504,520 1,325,800
2,456
3.938
137,200
428,690
500,121 1,951,0
17,937
27,090
03,219
23,737
212,849
724,170
220,168
280,013
45,082
44,538
00,01
08,477
1,559,459 5,382,712
288,206
987,464
152,804
587,450
723,605 16,502,688
133,488
714,530
48,521
249,073
20,104
280,070
244,110 5,056.378
49.700
16,000
50,207 1,310,185
21,540
532,908
40,865 1.15S.31S
28,442
221,568
381,
'2,313,951
4.305.547
115,939
31,009
101,528
72.500
25,402,995
150,004
11,068
5,376,126
1,943
1.4S5.247
71,177
33.343
105,037
35,196
1,114,593
2,150
350.135
1,616,502
17,937
60,109
573,200
229,108
45,082
9 -.177
4,548,749
814,146
447,990
15,666.001
090,659
233.121
286,519
4,662.476
47,000
1,142
530,989
977,111
157,505
4,542,367 17,110,362 16,081,479
323,063
237,330
95,338
5 1,0
1
265,181
00,976
17,375
689,013
8,700,260 7,890,639
1,75"
1,668,369
286.546
309,588
739.7 15
821,088
1,529,38" 1.295.505
2,697.444 2,409.260
57,763
45,905
2,775.056 2.418.763
* Figures from November 1 are for the railroad only.
§ Covers results on lines directly operated east of Pittsburg.
\ Mexican currency.
« Includes Paducah <fe Memphis Division from July 1 in both years.
b 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.
d Includes St. Paul & Duluth for both years,
e Includes results on Sher. Shrev.
/These figures
Southern, Mo Midland and San Antonio extension for this year, but not ror last year.
are the results on the Ala. Midland, Brunswick & Western, Charleston <fe Savannah, Savannah Fla.'& West'n and Silver Springs Ocala & Gulf.
g These figures inolude, besides the St. Louis & San. Francisoo proper, the Kan. City tft. Scott & Memphis and Ft, Worth <S Rio Grande.
&
December
THE CHRONICLE.
14, 1901.]
Totals tor Fiscal Year.
4th week of
In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roada. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the following.
November.
Roads.
Sandusky A Hooklnp
Shore A At..
Mob. Jackson A K. City..
iiuitith So.
St. Iioul»8onthwi»(«t«rr..
Apr.
Jan.
Jan.
Jan.
1 to
1 to
1 to
1 to
June 1 to
Apr. 1 to
A Carondelet.
International A Gt North'n.
Lehigh Valley RR
St.
Loals
Worth A
I
)en ver City
J
Le hi >fh Valley Coal
Year.
Sept SO
1,367,049 1,193.630
47,19:
39,528
4,778,01 P 4 433.647
31 14 060 677 12.S47.259
Nov. 30
Nov. 30
Oct
1 to
Nov. 30
1 to
Oct 31
Jan. 1 to Nov. 30
Jan. 1 to Oct 31
Jan. 1 to Deo. 7
Deo. 1 to Oct 31
iDeo. 1 to Oct. 31
{Jan. 1 to Nov. 30
7
'Jan. 1 to Deo.
Jan. 1 to Oct. 31
Pec.
7
Jan. 1 to
Manlstlqne
Mexican Central
Mexican
Mexican
Mexloan
Mexican
Year.
Oct. 3) 20.919.C02 19.384.436
Oct, 31 17.759.6U 15 533.536
Jan. 1 to Oct 31 9,138.264 8.526.842
Choctaw Oklahoma A Goli.. Nov.
>
( umberland Valley....
Jan.
East
Previous
International
National
Railway
lto Nor. 23
Southern
1 to Nov. 21
Jan.
Apr.
Missouri Pacific
Jan.
Central Branch
Jan.
Total
Jan.
Monterey A Mexloan Gulf.... Jan.
Northern Central
Jan.
Pacific Mall
May
Pennsylvania, East of P. A E. Jan.
lto Deo.
7
to Dec.
7
1
7
1 to Deo.
1 to Oct 31
1 to Oct 31
490,335
358 391
918,551
861,235
149.587
143,236
1,784,790 1,429,73
4 635,844 4,034.143
25.563,141 22,233,290
19.642,095 16.496,050
68.511
99,649
16.165,267 16,114,319
4,847,203 4 410,475
7.109.849 7,277,416
3 870.900 4.063,3(0
551 441
539.256
S2.930.95>- 28.493.196
1, 244,4 V7
1,260,811
34 374.33S 29,934.037
1,165,264 1,163,889
6,881,071 6,316,171
3,071,166 3,817.620
77,419,484 69,970,484
lto Apr. 30
lto Oct 81
Inc. 4,? 56,100
ran. lto Oct. 31
Jan. lto Nov. 30 8.361,28? 7,498,651
Jan. lto Oct. 31 5,679,167 4.692,811
Westof P. AE....
Pere Marquette
Philadelphia A Erie
Phlla. mim'g'n A Baltimore. Nov.
1 to Oct 31 11,808,249 11,324.249
Jan. 1 to Oct 31 17,033.165 15,703,174
460,795
443,471
Deo. lto Sept SO
A
176,741
. Nov. 1 to Nov. :-0
159,077
South Haven A Eastern
51.767
52.188
Jan. lto Sept 30
South. Missouri A Arkansas.. 'Jan.
180824
153.709
Oct 31
Terre Haute A Indianapolis.. iNov.
67
Nov. 30
139,4
133,488
47,117
Terre Haute A feorla
4«,521
Nov. 30
Nov.
Texas A Paclflo
10,659
735
8.711450
Deo.
Jan.
West Jersey A Seashore
Oct. 31 3248.421 3.069.521
Jan.
A
Pitts. Clnoln. Chic.
St. L.
Bio Grande J unction
Terre H..
St. L. Vandalla
.
.
.
I
"i
Latest Oross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week. The table covers the first week of December and
shows 8*03 per cent increase in the aggregate over the same
follows
week
1 st
last year.
week of December.
Alabama
1900.
1901.
$
Gt. Southern
*
Canadian Paolho
46,15?
36,869
117,409
759,000
44,004
31,819
99.H34
651.00'
Central of tinorela
181,2-10
142.350
316,271
&
Buffalo Roch.
Pittsb'g.
Chloago Great Western.
Chlo. Indlan'lis A Loulsv.
Chicago Milw. A St. Paul
Chlo. Term. Transfer
A St
Clev. Cln. Chio.
L..
Peoria & Eastern .,
Colorado A Southern...
Denver A Rio Grande
Detroit Southern
Evansv. A Indianapolis
Evansv. A Terre Haute.
Grand Trunk
Grand Trunk West..
Det. Gr. Hav.
A
Int.
A
Louisville
A
>
.
Mlohlgan...
Nashville..
Mexican Central
Minn. A St. Louis
Minn. St. P. A 8. Ste. M
Mo. Kansas A Texas
Mo. Pacitio A Iron M t .
.
Central Branch
Mob. Jackson
AK
City..
Norfolk A Western
Rio Grande Southern
St Louis & San Fran...
St Loo Is Southwestern.
Southern Railway
..
A Pacitio
Toledo A Ohio Central..
Toledo Peoria A West'n
Tol. St. L. A West
Texas
Wabash
,
Wisconsin Central
Net Increase
(8
-
103.600
227,101
25,396
$
2,154
03
A
Phcenlx
29,69f
12,93 J
108,981
2,339
384.013
53,227
113 326
220,000
757
20.973
9,726
7,100
2,785
5,761
22,611
6,087
26,367
26,354
S
546,986
536,831
10.155
113,289
108,022
52,138
19,670
622,716
386,333
189.626
68,770
121,229
337,965
649.000
18.000
3,104
323,431
11,608
398,897
161,921
730,111
244,505
53,611
23,231
50,018
354,987
98,500
107,392
107,959
42,118
15,649
590,935
5,897
63
10,020
135,620
63,694
85.333
323,84 3
604,000
21,000
3.244
29S.154
11.247
349.940
1S6.45P
723,695
9,075,101
8,400,760
326
29(»,»85
244,44'
50,207
21,549
49,865
323,063
90.976
p. o.)..
4,021
31,780
95,348
4,006
5.076
35,896
14,122
45,000
3,000
140
25,277
361
48,957
4,538
6,416
59
3,404
1,682
7,524
49,562
For the f oui th week of November our final statement covers
and shows 13"52 per cent increase in the aggregate
over the same week last year.
1900.
9
Increase.
Decrease
9
Previously rep'd (39r*ds) 12,024.891 10,668,502
i hattanooga Southern...
2,«77|
2,826
Chic. Term. Transfer
38.0261
36,077
Cln. N. O. A Texas Pao..
174,l23j
150.518
Clev. Cln. Cbic. A St. L..
53*,56w
493,344
Peoria A Eastern
69,610
63,067
!
1,363,06
7.217
149
1.949
23,605
39.225
6,543
14,886,017 13,113,^01
1,801,444
1,778.816
21
19,912
7,286
11,08:
1,350
—Mtt
>—— Gross Earnings.
Ourrent
Previous
28.628
Year.
—
arrxnui
Previoui
Year.
Year.
9
9
67,060
40,780
225,423
113,023
3,077
938
13,457
5,070
5,146
3,109
18.568
9,452
307,508
301,332
795,023
902,737
t
Ourrent
Year.
Roads.
9
9
Ann Arbor. b
Oct
174.803
158,658
July 1 to Oct. 31
632.964
564,428
Ann'p.W'sh.A Bal.aOct
7,787
5,404
July l to Oct 31 ..
31,470
21,442
Atlantic A Blrm'gh.Nov.
11,344
6.171
July 1 to Nov. 30
48.757
26,418
Atlantlo Coast L.a.Oct
740,523
702,894
July
t" Oct 31
2,458,619 2.385.096
Baltimore A Annapolis
abort Line. a.. .. Oct.
9,005
7.694
July 1 to Oct. 31
37,693
32,669
Bait. A Ohio.b
Nov. 4,274,611 3,885,241
July 1 to Nov. 30
!l,762,801 19,480.351
Bel lefonte Cent ralbNov.
4,940
4,187
Jan. l to Nov. 30
39528
47,197
Barl.Ced. R.ANo.a.Oct
566,563
559,336
Jan. 1 to Oct 81 .. 4,326,995 4,048,323
Chlo.Ind.ALouls.a.Oct.
420,142
378,479
July 1 to Oct 31
1,631,113 1,423,678
Ulo.Ter.Transf.b.Oct
134,831
124,879
July 1 to Oct 31....
541,840
482,279
aootaw Ofcl.AO.b Oct.
594,115
412,889
Nov. 1 to Oct 31
5,266,812 3,463,505
Oolum.Newb.A L.b.Oct
16.716
17,709
July 1 to Oct 31 ...
67,095
55,896
Oornw'll A Leb'n a. Oct.
31,643
18,291
July 1 to Oct 31
134,169
91,866
OauQberland Val.b.Oct
115,976
92,914
Jan. 1 to Oct. 31
918,551
851,235
etcolt A Maok'o.aOct
65,850
63,404
July 1 to Oct 31...
268,160
281,586
Detroit Southern foOct.
121,864
109,499
July
429.V.92
to Oct 31
377,405
Fonda Johnst. A Glov. JiUy 1 to Sept 30....
106,071
112,399
9 r Trunk of Can. . Oct
2,252,263 2,094.098
July 1 to Oct 31 .. 8,540,398 7,£01,412
Gr. Trunk West.. .Oct.
385,921
348,935
July 1 to Oct. 81.... 1,445.866 1,345,127
Uet.Gr. H.AMU. Oct.
101,712
97,332
July lto Oct 31....
392,217
379,108
Illinois Central... a.Oct
3,752,331 3,414,924
July 1 to Oct. 31
1 3,736,540 12,046,156
Indiana 111. A la. b. Oct
147,090
108,943
July 1 to Oct. 31....
562,796
400,892
oexlng'n AEast.b..0ct
37,771
31,070
July 1 to Oct 31....
139.100
122,012
Mexican Telephone Oct.
18.047
15.718
Mar. I to Oct 31 ...
140,707
122.197
Nev.-Cal.-Oregon.a.Oct
19,201
18,916
July 1 to Oct 31....
64,198
56,866
t ulla
aiErie.b. ...Oct
709.718
489,194
Jan. 1 to Oct 3L
5,6,9,167 4,692,811
nob. Fred. A Pot.. Oct
89,827
82,694
July 1 to Oct 31
340,095
308,761
St. Lawrence A Adlr'ok58.6J0
July 1 to Sept 30
64,543
St.LoulsASanF b..Oct 2,177,812 1,817,915
July 1 to Oct 31
7,435,404 6,203,832
saDra Fe Pres.A Ph. Oct.
82.483
88,170
July 1 to Oct. 31
324,543
309,082
ToLPeorla A West.bNov.
99,142
92,457
July 1 to Nov. 30 ..
509.440
509.677
Yazoo A Miss. Val.a.Oct
653,857
666,434
July 1 to Oct 31
1,970,512 1,759,750
i
'.
(
.
.
3.068
13.664
1,585,462
8,546,995
2,154
16,437
224,579
1,412,476
179,394
689,129
63,944
264,927
267,849
2,025,013
5,797
22,381
17,251
67,131
53,225
339,741
6,272
53.823
29,402
121,896
3,050
10,692
1,306,857
6,484,855
1,652
13,905
174,249
1,132,362
153,690
549,182
60,469
247,341
192.651
1,228,738
8,230
22,485
6,478
36,745
34,643
308,883
9,510
86,095
29,280
53,379
32,062
797,636
50,752
776,223
3,020,t99 2,846.961
64,239
49,639
196,124
164,001
24,820
24.333
109,985
91.492
1,288,184 1,113,129
4,268,296 3,116,277
47,442
42,643
206,159
151,351
13,614
8,159
:55,332
43,317
9,274
7,864
6 3.399
54,526
8,231
9,506
28,774
23,932
316.372
172.232
2.325,079 1,634,036
35,188
35,028
128.913
122,688
33,031
1,069,670
3,338,408
49,614
171,236
18,599
142,684
280,083
462,877
27,577
864,386
2,713.639
40,871
158,838
18,156
141,645
340,892
607,459
Interest Charges and Surplus.—The following roads, In
addition to their gross and net earnings given in the fore
going, also report oharges for interest, &c, with the surplus
vbove or deficit below those oharges.
.
Roads.
1901.
314,409
p. o.i
53 roads,
4th teeth uj November.
10,903
2,87V
a Net earnings here given are after deduotlng taxes,
b Net earnings here given are before deduotlng taxes.
153
31,924
723,903
674.341
9
1,701
887.844
198.145
259.527
1 9,700
231,227
20,194
20.9H*
increase.
Net Earnings Monthly to Latest Dates.— The talde following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Nov. 23,
The next will appear in the issue of Dec. 21. 1901.
1901.
.
10.859
126.661
77,095
800.918
27,486
54
242,309
18,844
Total (53 roads)
Net luoreaoe (1362
9
65.041
1
5,050
18,075
108,000
38,890
Mllw.
Great Northern..
Kanawha A
53.984
$
Decrease.
i
Hooking Valley
Iowa Central
505,412
156,357
90,027
909.899
29,826
363,040
Increase.
Increase.
25,27t-
239.61.*
Oroa Earning*.
Current
1900.
26.979
2,872
1.202.253
219.217
Period.
Atlanta A Charlotte Atr Line.
Bellefonto Central
Burlington Cedar Rap. A No.
Central of New Jersey
Chicago A North- Western
Chloago Rook Island A Pao..
Ohio. St. P. Minn. A Omaha..
Ft.
1901.
a
Col.
Kanta FePres.
Latest
L259
Atlantlo
A BtrmVh.Nov.
July 1 to Nov. 30...
Ouo. 'Jala. A Gulf. Oct
Nov. 1 to Oct. 31
Fonda Johrst # O'ov.July 1 to Sept 30 ...
July
1
to
Oct
31....
Int., rentals, etc.
.
>-BaL. of Net Karn's. -
Ourrent
Previous
Ourrent
Year.
Year.
Year.
Previous
Year.
9
1.026
9
2.083
10.416
52.4 65
59J.316
S
2.083
10,416
43.560
9
3.063
8,152
215,384
497. 83:>
1,431,727
149.081
730,903
26,991
24,147
97,001
21.761
20,764
84,633
"27,051
23.295
109.158
•38.709
21.884
66,718
def.fc64
THE CHRONICLE.
1260
^-Bal.o/NetEarn's.-.
Previous
Current
Tear.
Tear.
Tear.
9
9
9
7,256
6.021
2,250
14,932
19,814
9,000
Int., rentals, etc.
Current
Koadt.
9
Nev.-Oal. •Oregon... Oct.
Julj lto Oct 31....
8t. Lawrence & Adlr'ck —
July
8t. L.
1
to Sept.
& San
30
...
Fran.. .Oct.
July 1 to Oct 31
& West.. .Nov.
July 1 to Nov. 30
Tol. Peo.
*
2,210
8,960
23,148
484,809
1,657,312
23,050
M5.253
•9,993
•9,196
18,769
•584,410 : •193,830
375,689
1,521,682 '1,700,S72J '1,225,147
22,744 def.4,451 def.4,588
113,763
27,431
27,882
After allowing for other lnoome received.
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
for the oalendar year from January 1 to and including such
latest week or month.
—
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
Jan. 1
to
Latest Date
OBOS8
Earnings.
Week or Mo Cur'nt Prev'us Current
Tear.
Tear.
American R'ys. Co.$. Ootober...
Augusta (Ga.) Ry. &
Eleo
Bingham ton
RR
Br'klyn Rap.Tr. Co. .
Chicago & Mil. Eleo.
Oln.
Ootober...
Ootober...
October...
Ootober...
Newp. &Cov.... September
City Eleo. (Rorae.Ga.) October...
Clev. Chagrin F's El'o October...
Cleveland & Eastern. Ootober...
Cleveland Eleotrlc . November
Cleve. Ely A West... November
Cleve. Palnsv. & E... Ootober...
Consol. Trao. (Pitts.) October
Dart & Wport St. Ry. October
Denver City Tram.. October
Detroit United
ist.wk Dec
.
lstwk Dec
lstwk Dec
Rapid Railway
Total.
Duluth-Sup. Traot.
>
Ootober...
DuluthSt Ry
s
Elgin Aurora & Sou November
Galveston City
October.
Harrisburg Traction. October.
Internat'l Traotion—
(Buffalo)
Lehigh Traction
LondonSt. Ry.(Can.)
Lorain & Cleveland..
Mad. (Wis.) Traction.
Mass. Eleo. Co. 'a
Montreal Street Ry
Muscatine St. Ry
.
New Castle Traction.
New London St. Ry..
Northern Ohio Tract.
Olean St. Ry
Philadelphia Comp'y
Pottsv'e Union Trao.
Railways Co.Gen.—
Roads
27,322
10,804
32,168
..
October. .. 580,501
October... 10,758
October... 10,105
September 11,804
5,969
October...
October.. 183.939
October... 166,060
6,434
October
September 10,615
8,516
October...
4,355
October...
Ootober... 51,479
4.630
October...
Ootober . 223,015
Ootober
18,737
.
. .
Richmond
Traction.. September
Sacramento Electric
Ootober. ..
Gas&Ry
St.
722,498
15,772
169,950
170,000
14,792
1,087,106 991,454 10463946
15,253 12,495
147.413
610,642
'*3",147 "§',781
34.493
5,128
4.125
39.365
8,765
75,163
7,201
188,643 172,535 2,094,557
21,181 15,814
229,859
15,639 14,075 139,823
277,008 257,180 2,529,557
9,789
7,b85
105,124
141,366 114,373 1,255.921
57,409 50,650 2,698,974
4,893
5,016
62,302 55,666
38.678 37,116 373,945
October...
October...
Light Co's
Tear.
18,031
16,884
. .
NewburgSt. Ry
66,710
82,876
..
25,324
331,404
Previous
Tear.
666,019
157,049
152.494
10066066
121.284
588,710
33.976
40,925
52,131
1,873,851
163,675
120,259
2,367,595
88,256
1,077,960
2,381,953
284,719
234,152 8,998,737 2,216.663
7,893
107,809
93,602
116,814
9,257
97,641
9,756
76,775
76,068
58,758
442.195
159,277 l,6'6i',683 1,504,787
5,776
59,248
56.743
9.812
79,401
76,391
8,385
105,606 112,407
4.057
60,600
54,260
46,426 514,279 434,398
4,183
45,429
43.054
167,259 2,458,771 1,996,909
11,082
143,774 120,608
18.156
1,497
20,991
16,900
1,323
20,727
184,661
15,767
169,748
156,909
36,901
32,833
344,211
308,422
.
t
October
17,396
27,701
. .
November
September
Ootober
. .
Ootober...
October...
October...
Union (N. Bedford).. Ootober...
United Traotlon—
)
2,638
Ootober...
34,087
114,666
152,514
270,953
22,848
Ootober... 120,752
48,780
19,196
22,886
508,189 504,850
172,406
312,432 270 164
49,729
47,155
26.795 314,433 239,149
101,220 1,072,250 972,478
126,538 1,360,848 1,228,952
240.793 2,611,117 2,342,822
19,570 234,673
211,471
114,409 1,125,657 1,118,804
Albany City $
United Traot. (Pitts.) Ootober... 181,977 166,881
United Tract. (Prov.) Ootober... 320,400 197,181 2,253,489 1,985,042
6,200
WlL&NewCastleEleo August
8,603
46,167
80,559
§
t
—
Tear.
Roads.
Elgin Aurora'&8o...Nov.
June 1 to Nov. 30. ..
South. Ohio Tract.. Nov.
Jan. lto Nov. 30....
Previous
Tear.
9
27,322
196,432
27,701
312,432
Current
Previous
Tear.
Tear
8
9
25,324
167,949
22,886
270,164
—
10,184
94,371
11.713
144,259
8,643
62,609
9,178
130,138
annual
all
N. Y. Cent. 4 Hud. River. .719. 779. 790
Pacific Coast
963, 963
People's Gas Light 4 Coke (bal.
sheet of Oct. 1. 1901)
953
Pi tt sDurg Brewing
1168
Pittsburg 4 Western
1109
Portland 4 Rumford Falls
1008
Pullman Co
geg
Rat/road Securities (official statement)
958
Reading Comoanv
780 837, 846
Rio Grande Western
1167, 1164
Rutland
1007
St. Joseph 4 Grand Island
1059
-t. Lawrence 4 Adirondack
840
St. Louis 4 San Francisco
896, foil
santa Fe Presoott 4 Phoenix
954
Somerset Ry
1008
Texas Central
954
Linseed
Malting
Soda Fountain.
956
1060
1009
Typefounders
955
P56
Window Glass
Baltimore 4 Ohio
1108, 1116
Bangor & Aroostook
896
Boston 4 Maine
1007
Buffalo Gas
1168
Canada Atlantic
954
Central of Georgia
840
Ch lcago * Alton
720, 839
Chicago Burlington 4Qulncy..78u, 787
Cincinnati Ham. A Dayton.
889
Cleve.. Akron A Columbus
955
Cleveland Lorain 4 Wheeling
953
Colorado Midland
841
Consolidated Lake Superior
1109
Crucible Steel of America
841
Distilling Co. of America
842. 897
Glucose Sugar Kenning
842
Great Northern
780, 895, 903
Hall Signal Co. (bal. sheet of May
31,1901)
842
Indiana Illinois 4 Iowa
840
IowaCentral
..1206.1217
Kausa< City Ft. Scott 4 Mem. Railway (application to list)
1165
Kansas City Southern
1206
Lehigh AHudson River
1157
Maine Central
1007
Manhattan Ry
1067
Mergenthaler Linotype
1110
Toledo St. Louis 4 Western
8tf6
Torrington Co
1206
United Breweries of Chicago
115S
United Fruit
1060, 1066
Vicks. Shreve. 4 Pac
1157
Western Union
788
Westingbouse Air Brake (bal. sheet
of JulySL, 1904 >
Wheeling
4 Lake
849
1058
Erie
Wtsconsim Central
888, 85i
STREET RAILWAYS—
Page.
1059
Montreal Street Ry
Lake Shore & Michigan Southern Ry.
(Preliminary Statement for year ending Dec. 31, 1901. J
The company reports for the year, the last two
1901 beiDg partly estimated, as follows;
1901.
1900.
1899.
$
months
in
1893.
$
$
$
Gross earnings. ...29,356,000
Operat'gexpenses.20,286,000
26,466,514
17,307,795
28,613,946
15,832,145
20,753,683
13,928.019
Net earnings.. 9,070,000
Fixed charges
1,910,000
9,153,719
2,500,289
7,781,801
2,724,539
6,825,664
2,802,439
6,658,430
5,057,262
4,023 225
(7)3,462,655 (7)3,462,655 (7)3,462,655 (7)3,462,655
Bal. for StOOK. 7,160,000
Surplus
3,697,345
1061, 663.
3,195,775
—V. 73, p.
560,570
1,594,607
4
Michigan Central
RR.— Canada
Southern Ry.
(Preliminary statement for the year ending Dec. 31, 1901. J
The approximate statement for the year compares as below:
MICHIGAN CENTRAL RR.
1900.
1901.
1899.
1898.
Grose earnings
$18,312,000 $16,730,131 $15,504,062 $13,924,000
Operating expenses 14,556,000 13,229,490 12,004,116 10,425,000
Net earnings.... $3,756,000
Interest and rentals
2,456,000
$3,499,946
2,414,285
$3,499,000
2,420,000
Surplus
$1,300,000 $1,096,423 $1,035,661
Proportion to 0. 8..
380,000
300,853
300,574
$1,079,000
300,000
Proportion to M.C..
920.000
67,000
795,570
45,094
785,087
44,678
779,000
44,000
$987,000
749,520
$840,664
749,520
$829,765
749.420
$323,000
749,520
Other inoome
Netinoome
Dividends,
4%
Balance
$3,500,641
2,404,218
$237,480
$91,144
The semi-annual dividend of
2 per cent
$80,245
$73,480
declared, pay-
was
able Jan, 29.
CANADA SOUTHERN
1901.
RT.
1900.
1899.
1893.
$300,352
$300,574
2,865
$300,667
Proportion of earnings
dueCanadaSouthern. $380,000
Other Inoome
0)
2,501
Total net
$303,439
$380,000
$303,353
Dividend declared. (i »s) 375,000 (2)300,000 (2)300,000
sur.$5,000
Total sur. Deo. 31.. $20,717
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings reoeived
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 eaoh week all the returns reoeived
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 found
in the Chronicle of November 23, 1901. The next will appear In the issue of December 21, 1901.
.-— Gross Earnings.——.
Net Earnings.
Current
American
American
American
American
American
Balance
These are results for properties owned.
Strike of employes In Ootober, 1901.
an index to
is
companies which have been published since the last
editions of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
Railroads, Ktc—
Railroads, Etc.— '.Con.)—
Page.
Foot.
Alabama <;reat Southern
1008 Minn. St. P. 4 Sault Ste. Mane.... 897
Alabama ',& VIcksburg
116? Minneapolis 4 St. Louis
9i8, 961
American Alkali
056 Mobile Jackson 4 Kansas City
1008
American Bicycle
782 Mobile 4 Ohio
1053
American Cotton Oil
1069, 1065 Nash. Chat. 4 St. Louis
836, 781
Dividends
November 479,390 436,762 5,312,793 4,004,928
7,722
Traction. November 11,382
Horanton Railwav...
Sioux City Tract
Southern Ohio Traot.
Staten Island Eleo.
Taooma Ry. & Power
Toledo Rys. & Light.
Toronto Ry....
Twin City Rap. Tran.
Annual Reports.— The following
reports of steam railroads, street railways and miscellaneous
27,103
Louis Transit
Schuylkill
ANNUAL REPORTS.
>
Previmis
Year.
[Vol. LXXIII.
A dividend of X%
1902.—V. 73, p. 1208,
sur.$3,353
eur.$3,439
1,424
$302,091
300,t00
(2)
sur.$2,091
$12,245
$9,130
$5,691
per cent was declared, payable Feb. 1,
615.
Lake Erie & Western RR.
(Preliminary Statement for the year ending Dec. 31, 1901.)
The company reports for the year ending Dec. 31 (the
months of November and December being partly estimated
in the current year) as follows:
1901.
1900.
Gross earnings
$4,370,335
Operating expenses, Inoludlng outlays for
construction and betterments and taxes
3,212,762
$4,284,780
Net earnings
Fixed oharges
$1,157,573
668,750
$1,359,918
634,270
$488,823
473,600
$725,618
473,600
$15,223
$252,043
Balance...
Dividend on preferred
Balance, surplus
72, p. 1237.
-V.
(4 per cent)
2,924,862
December
THE CHRONICLE.
14, 1901.]
Southern Indiana Railway.
Report
for the year ending Jane 30, 1901. J
f
The directors present in substance the following report:
General Results. —The extension from Linton to Terre Haute, 34
miles, wan opened for business In September, 1900, but owing to the
faot that the coal mines on the extension were new, ihe tratllo from
this source did not begin to show In the earnings until after January,
1901. The extra expenses attending the opening of this extension
will account for the slight decrease In net earnings for the year to
June 3u, 1901. Its value Is shown by the earnings for the first mouth
(July) of the current year, which compare with 1900 us follows:
Gross, $4H,548. against $27,977; net, 88,569, aKalnst $8,737. (For
the four months ended Oct. 31, I90i, the grops earnings were $215,778 contrasting with $130,001 In the same period of 1900.)
stone business, which forms an Important part of the company's tm lllo.
Is very prosperous this year.
Road, Equipment, Etu —The shops at Bedford are now completed.
The company's teimmals at Terro Haute are very extensive, ami it
owns at that point land enough to supply Its needs for years to oome.
At the close of the fiscal year the enure line was ballasted w 1th stoi e
or gravel. All renewals of bridges have been made with permanent
material. During the year more thi.n 5,000 feet of pile or trestle
bridges have been tilled.
branoh about 8 miles In length Is being
constructed southwest In in Jasonvllle. This branch reaches verv
line coal and will be extended as required. It promises to furnish a
large tonnage.
A
The equipment
ir brakes and automatlo
is all supplied with
excellent condition, and fully employed. Orders have
been plaoea for two switch engines and two passenger engines, and
for 500 thirty-ton coal cars and 50 box cars, all of which will be delivered before Deo. 1st, this year.
Indian Springs.— Parties largely interested In your oompany own
all of the stock of the Indian Springs Hotel Co.
This company owns
over 600 acres of land in Martin County, Ind., on which are located
the famous Indian Springs, well known for more than eighty yeuTs
as a health resort The water of these springs is like the water of the
French Liok and West Baden Springs. Arrangements are now being
made to build on this property a modern tire-proof hotel. When this
hotel is finished it is not unreasonable to expeot that it will attract as
many visitors as West Baden and Frenoh Lick, The passenger burlness of the Chicago Indianapolis & Louisville Railway to and from
West Baden and Frenoh Liok Is very much larger than Its passenger
business to Louisville.
Work has begun on a branoh line about l Lj miles In length, which
will oonneot this property with the main line and will enable us to
land passengers within a few feet of the proposed hotel.
Refunding.— During the year the 5 per oent bonds of June, 1898,
have been exchanged for the new 4 per cents authorized at the Annual
Meeting in January, 1901.
couplers,
;>
Is in
Statement of earnings and expenses for the fiscal year ended
June 30, 1901, compared with the year ended Jane 30, 1900:
Earnings—
190001.
189900.
Freight
Passenger
Express, mail and other
8317,519
89,261
33,047
$276,635
56,763
31,497
$439,828
$363,895
$57,491
59,821
141,593
35,183
$40,731
40,614
103,200
29,452
1261
to secure locomotives of a class which will enable us to operate more
economically
The Inadequacy of the passenger and frelKht equipment has been
seriously felt during the past year, and I would recommend tho purchase of four freight engines, two switch en.
»rs ami
lOO Hat cais for irelght service; aUo one baggage car and four nret
class coaches for passenger service.
—
Earnings. The earnings, expenses,
compare as follows:
1900-01.
2,638,779
Operations-
Tons carried
Tons oarrlel one mile
years
1899 00.
--99.
2,658,925
252,651,609
248,896,794
86 ots.
Earnings per ton per mile, cts.
Earnings per freight train m.
$1 41
96 cts.
Earnings per pass, train mile.
091
2.801,721
237,836,511
cts.
cts.
|
$1 54
$1 61
1
1,505,943
Number of pass, carried
Numbcrof pass. oar. one mile. 42,694,688
Earnings per pass, per m., cts. 224 ots.
Receipts—
Passengers
Mall and express
Freight and livestock
Miscellaneous receipts
for] three
etc.,
04
l,e01,726
43,707,921
1,603,552
00.024
42,f
218
2'22 cts.
$
96
$
CIS.
$
952,217
139,513
2,128,990
41,414
970,387
137,643
2,295,575
45,242
130,460
2,001,410
86,978
Total
3,262,134
Operating Expenses and Taxes—
Maintenance of way & struct.
512,722
Maintenance of equipment....
263,598
transportation
Conducting
1,628,755
100,059
General expenses
Taxes
104,702
3,448,749
3,151,719
694,898
407,509
462,680
361,286
1,458, 2*7
124,068
80,808
Total op. exp. and taxes..
Net earnings
Interest on seourlties held....
2,599,836
662,298
10,400
2,665.310
783,439
10,846
2,487.089
672,698
669,894
794,285
665, *35
664,630
328,527
128,850
336,103
Total
Interest and rentals.
Net
1,467,721
93,410
101,771
2,804
result.
BALANCE SHEET JUNE
equip, 13,826.810
Intrust.... 1,000,000
201,713
Mat'ls and sup's.
Cash
99,615
Invest. In bonds.
280,080
65,70-J
Due from agents.
20,357
Due for mails....
Roads & lndlvid- 363.274
9.950
Fast freight line.
K.xt en., rails, &c.
128,121
Bonds
Miscellaneous
$
Com. stock
3,000,000
First M. bonds... 12,C00,000
Interest due
8,892
78,417
Int. not due
13,825,840
1,000,000
254,070
163,212
257,880
88,417
20,388
311,744
Taxes, not due...
53,921
406,361
173,690
Voun. i pay-rolls
Koads&
Individ..
Improvem't lund
Equip, renewals..
Notes payable....
front and loss....
9,1-50
500
Total
15,983,752
73, p. 956.
1900.
1901.
Liabilities—
I
Road and
664,630
30.
1900.
1901.
—
Assets
->26,871
Total..
16.921.299
142,646
100,000
2,804
....15.963.752
*
3,000.000
1V.O00.0O0
9,938
7i,40S
51,873
429,360
117,331
95,743
142,646
15,521,269
-V.
Choctaw Oklahoma & Gulf RR.
Total earnings
Expenses—
Maintenance of way and structures
Maintenance of f quipinent
Conducting transportation
General expenses
Total expenses
Per cent operating expenses to earnings
Net earnings
Deduct— Interest on bonds
Interest on debt.
$294,087
$213,998
(66'86)
(58-80)
$145,741
$74,968)
$149,897
1,396
Taxes
s
18,546
17,500
Rental
$62,232
16,814
17,500
{Statement for the year ending Oct. 31, 1901.)
The following is an advance statement for the last fiscal
year:
Miles operated Oot. 31
Gross earnings
Operating expenses
Net earnings
Charges taxes
Equipment renewals
Dividend on preferred stock
do common stoek
do
1900-01.
1899-CO.
*707
$5,266,812
3,241,769
$3,463,505
2,234,767
$2,025,043
593,316
120,000
(5) 300,000
(4*«) 320,000
$1,228,738
497,834
75,000
(5) 248,382
(4) 184,745
$691,727
$222,776
Balanoe, surplus
Total
$112,410
Surplus
^$33,331
GENERAL BALANCE SHEET JULY
A ggfifg^—
1,
Liabilities
Cost of road
$5,434,197
Cost of rolling stock.
892,133
Real estate a buildings
103,444
Stocks and bonds
65.000
Materials and fuel
86,739
Current acoounts
45,457
Cash on hand
89,327
1901.
Preferred stock
stock
Bonds and equip,
3,000,000
oblig. 2,852,906
payable
Current accounts
Int. on bonds, accrued.
Real estate encumb'ces
Bills
and
Total
.$6,666,297
loss
* Of the 707 miles operated at the olose of the flsoal year 1900-01
only 642 miles were in operation during the first 10 months.- V. 73, p.
1111,1061.
$500,000
Common
Profit
Total
—
$96,546
$53,351
35,610
95,901
10,429
7,056
164,396
Detroit Sonthern Railroad.
(Statement of September SO, 1901.)
The earnings for the three months ended Sept. 30 in 1901
ard 1900 and the balance sheet of Sept. 30, 1901, follow:
3 mot.
A SMCtff
Central Vermont Railway.
( Report for the fiscal year ending June 30, 1901. J
The report, which is signed by Vice-President and General
Manager R S. Logan, says in part:
Our passenger trafho during tne past year nas been affected by the
extension of the Rutland BR., between Burlington and Rouses Point,
connecting at the latter point with the Ogdensburg & Lake Champlain
RR., which they have acquired. We are also seriously atfeoted, so far
as our passenger traffio is concerned, by the completion and the competition of parallel eleotrlo lines at important stations on the Southern Division. During the month of October, and continuing until the
middle of November, our through freight business to and from New
York and New London was seriously interfered with, and muoh direct
loss sustained, due to a strike on the part of the freight handlers at
New London, Connecticut. Another factor that has had considerable
Influence upon our freight revenue from the Southern Division, and to
some extent our entire line, was the absorption of the FltchburK RR.
into the Boston
Maine RR. System, which has resulted in the diversion of hundreds of tons of freight and many passengers from our
lines. I am confident, however, that our looal business is capable of
material development, and we are endeavoring to encourage this
&
wherever possible.
There has been a marked inorease in cost of conducting transportation mostly due to lnoreased oost of looomotlve ooal of nearly $1 per
ton, the total increase on this aooount being $117,759.
Maintenance.— During the year 18 4 miles of new 80- pound steel
rail has been laid. The roadway generally has been well maintained,
and the traok between White River Junotion and South Royalton (183
miles) has been re-tied and ballasted with gravel. Wherever new ties
are laid in rebuilding and ballasting the track, the number of ties per
mile is increased by 300. Numerous new steel bridges, replacing old
wooden structure*, have been put in. Contracts have been let for a
new steel bridge over the White River at Hartford for completion by
November, 1901. The completion of this bridge will enable us to
operate heavy modern freight locomotives of large capacity through
between St. Johns and White River Junotion. We are now arranging
Gross.
Taxes.
Interest.
Net.
$12,000
$67,500
$308,129
$92,494
267,907
54,129
ASSETS AND LIABILITIES SEPT. 30, 1901.
1901
1900
$6,666,297
-V. 73, p. 389.
-
642
—
Liabilities
Surplus.
$12,994
—
Road and equipment..$23,136,908 Ccmmon stock
Cash
136,147 Preferred stook
Due from
agents
other roads
Individuals and cos..
Bonds in treasury
Material and supplies.
do
$10,013,000
6,000,000
2.750.000
Flrstmort. 4s
O.S.Div.
4,048,000
do
327,989
O. 8. oar trusts
202,787
Current liabilities
145,933
Income aooount, surp.
33,934
45,022
80,279
48,000
57,419
$23,487,709
Total
$23,487,709
stock, the 30,000 shares ($3,000,000) which
were issued as part of the purchase price of the railway, rights and
properties of the Detroit & Lima Northern Ry. Co., have been deposited with the Colonial Trust Co. as trustee for the benefit of the holders of the Colonial Trust Co. oertlnoates. representing Detroit <fe Lima
Northern and Lima Northern first mortgage bonds deposited with the
Trust Company under an agreement of Nov. 28, 1898. "These 30.000
shares will not be distributed until the settlement of certain claims
affeotlng the bondholders of the {Detroit & Lima Northern and the
Lima Northern Railway companies. The olaims, however, In no way
atfeot the Detroit Southern or any of its properties, and upon the
settlement of the olaims it Is anticipated that the shares will also be
deposited with the voting trustees."
In addition to the stook as shown in «he table there Is in the treasury $487,000 oommon aud $500,000 preferred.-V. 73, p. 1159. 956.
Total
NOTB.-Of the oommon
i
Detroit
& Mackinac Railway.
( Report for the fiscal year ending
June
30, 1901
Hawks
says in substance:
The year ending June 30. 1901, has been a successful one In the
affairs of the company. There were added to our equipment one
steam shovel, one log loader, 2 passenger cars, 150 ooal cars of 80,000
pounds capacity, 12 box oars, 9 flat cars, 2 passenger looomotlvesand
ODe 50-ton switching engine, all equipped with air-brakes and automatic couplers. Although the pine timber is exhausted on the line of
our road, there has been built about the usual amount of logging
President and General Manager
J.
D.
,
THE CHRONICLE.
1262
branches. Maple, basswood, elm, ash, birch, beech, hemlock and cedar
taking the plaoe formerly ocouplod by pine.
Work has been continued between Alpena and LaRocque In cutting
down hills and tilling nag*. That portion of the road 1-t now nearly to
final grade. On the l'rescott Division, where It crosses the AuG res
River, a new bridge of 192 feet of pile trestle and «Ofeetof steel girder
take the place of the old bridge and high trestle of 462 feitt In length.
A out-; 11 of one mile on Rose City division does away with some Dad
grades and curves; 19 miles of this division were ballasted during the
year. At Tawas there has been built a brick coach repair shop and
the machine shop was enlarged. Fenoe built during the year, 15 miles;
ties used, 99,032.
A number of new factories and mills have been located on the road
during the year. The Alpena Portland Cement Co. oompleted Its plant
and is making cement and supplying limestone to beet sugar and
ohemloal works. The Ileola Portland Cement & Coal Co Is building a
very large plant at West Bay City.
It expeots to get marl and
limestone from our Presoott division, where they have large quantities
of each.
Perhaps the most Important work undertaken during the year Is the
out on" through the village of Harrlsville. This leaves the present
line about 5 miles north of Au Sable, at the, Plialan Curve, striking the
malu line again at Black River; It is 23 miles In length. Is a low-grade
ebore line, shortens the distance 5 miles and has no.curve of over 1
degree, as against many sharp carves and grades as high as 115 feet
to the mile on the old line. This line will be ready for use Deo. 15,
1901. The old line between Lincoln and Blaok River will be taken
up.
Since the close of the flsoal year there have been added to our equipment and are now In use: 50 box oars, 25 stock oais, 75 flat oars, 2
combination oars, 1 baggage oar and 4 first-class coaches. This equipment, as well as that received during the fiscal year, has all been paid
out of earnings, as no bonds were Issued.
The "additions to property" during the year aggregate
Of this amount $103,174 was charged to operating
|267,551
expenses ($84,509 of this being for new rail); $4,432 charged
to cost of road and $159,895 charged to equipment. The com-
[Vol. LXXIII.
feet of wooden trestles— in all 01,490 lineal feet (11 65 miles)
of bridge structure in the main line. This includes Lake
Pontchartrain creosoted trestle, 30,206 lineal feet (5 72 miles).
There are also 1,632 lineal feet of wooden bridges and trestles
in side tracks.
Equipment
much
—The
business of the
company has increased
few years that additional car equipment,
both passenger and freight, is greatly needed. Arrangements
have been made to purchase 200 box cars on a three-year car
trust, but this number is insufficient and should be increased
to at least 500 cars. A few additional Dassener oars should
also be acquired. The company owns 42 locomotives, 32
passenger, mail and baggage cars and 1,745 freight, coal and
so
ia the last
other cars.
New Orleans terminals are also inadeAdditional property has recently been acquired by
purchase and lease and is now being prepared for use, but a
considerable expenditure is necessary for this purpose and
for further improvements.
Terminals— The
quate.
Statistics —Rate per ton per mile, -83 cents; deorease, 8-79 per oent'
tons of oustom freight carried one mile, 17d.5S7.428; lnorease, 933
percent; revenue per freight train mile, $2 09; deorease, 1501 per
oent; tone per train mile, 251; deorease, 7*17 per oent.
Earnings, expenses and charges were as follows:
EARNINGS, EXPENSE8 AND CHABOE8.
Earnings—
Passengers
Freight
1900-01.
1899-00.
1898 99.
$
$
281,863
$
343,661
1,465,818
I20,8i3
Mail, express, etc
1,464,415
109,923
227,816
1,216, 982
100,988
1,856,201
1,336.586
1,*4»,696
1,146,096
(72-01)
(74-i5)
1897-98-
$
182,911
1,121,256
92,761
pany carried
in 19J001 917,132 tons of freight, of which 714,310 (77"88) per cent) were products of the forest.
Earnings The earnings, etc., have been as follows:
—
Total earnings
1,929,812
Oper. expenses and taxes.1,453.929
Percent of exp. to earns.. (7534)
1,396,928
1,019,553
(7299*
EARNINGS, EXPENSES AND CHARGES.
1900-01.
Miles operated
1899 00.
325
1898-99.
1897-98.
332
312
294
Operations—
Passengers carried
213,021
112,111
245,615
143,889
Passengers oarr'dlm.. 8.880.682 7,669,482 4,822.795 4,087,067
Rite per pass, per mile. 2 137 Cts. 2-5^5 Ots. 2706 Cts. 2*679 cts.
Freight (tons) carried
917,132
839,755
654.256
520,692
Freight tons oar. 1 mile. 56,347,674 52,409,110 39,187.972 21,712,856
Rate per ton per mile... 1-143 ots. 1-163 cts. 1-137 ots. 1-599 ots.
Netearnings
Other income
475,883
5,864
519.615
3,402
399,590
Total
on prior lien bonds..
on first mort. bonds.
Miscellaneous
481.747
79,200
300,000
12,000
523,017
79,200
300,000
4,406
401,808
79,200
300.000
11,432
379,239
79,200
300,000
391,200
383,606
890,632
379,200
sur 39
Int.
Int.
Total
Earnings—
Freight
$644,465
193.171
28.111
Passenger
Mall, express, etc
$609,463
196,451
27,705
$347,282
$445,645
132,010
23.786
Balance
sur.90,547 sur.139,411 sur.11,177
lli>,682
BALANCE SHEET JCNE
23,505
1901.
Total
$865,747
^833,619
$481,469
$601,441
Expenses—
Maint'anca of way, etc.
Maint'anoe of equip ...
Conduct, transpurt'n...
General
$243,157
73,676
252,837
-20,715
$2 '8.181
69,512
227.432
19.727
$145,444
$88,01
44,377
155,679
16,201
52,201
181,923
17,973
Net earnings
$590,385
$^75,362
$554,852
$278,767
$397,542
$203,899
Deduct—
Int. on funded debt
Taxes
$304,268
$177,201
$ 122,000
$122,000
25,303
$118,160
$116,720
13,109
6,879
2,946
Total
24,775
14,144
Miscellaneous
$160,919
Total
Balance
$147,303
$131,269
CONDENSED BALANCE SHEET JUNE
1901.
1900.
$
*
4,923,024 ) o,,ui,
40 *
4()8
0B
643,9o3 i
49,578
Materials and sup's.
46,427
71.H63
122.150
Cash
Coupon account ... 46,320
1,980
40,36;
Current accounts... 33,393
3u,s07
Miscellaneous
77,452
Assets—
Road
Equipment
,
Total
—V.
$126,515
sur.$l 14,4 i3su.$!3 1,464 su.$72,6iOsu.$50,656
5,848^781
5,642.852
30.
1901.
Liabilities—
stock...
Preferred stock..
Common
Kunded aeot
)9>,<-'3i
1900.
$
2.000,100
150,000
3.060,000
5,000
325,3(3
112.019
6.818,781
5,642,352
2,
0(10,00")
165,00
,050,
)
00
Bills payable
Income account
Other accounts
Total
439.747
.
73. p. 660.
New
Orleans
& North E
-.stern
Railroad.
('Report for the year ended June 30, 1901.
President C. C. Harvey says in part:
General Results.— There is an increase in gross earnings of
$73,611, or 3-97 per cent, an increase in operating expenses
and taxes of $117,843. or 8 59 per cent, and a decrease in net
earnings of $43,732. The construction of competing railroads
in the territory heretofore local to your road has seriously
affected both freight earnings and the economical movement
of traffic. The average earnings per ton per mile last year
were
83 cents, compared with 0*91 cents in the previous
year, a reduction of 8 79 per cent, equal to $'41,270 on the
tonnage hauled. North-bound freight, consisting largely of
lnmher, fell off, while south- bound freight from points north
of Meridian to New Orleans increased, resulting in the volume of south-bound freight being greatly in excess of northbound freight. The south-bound loaded car mileage exceeded
the north-bound by 1,962,423 car milts, or 39 per cent,
whereas in the previous year the excess soutb-bound car
mileage was only 439,734, or 8 per cent. This excess movement in one direction increased the train mileage and decreased the average weight of freight per train mile, and,
with the reduction in earnings per ton per mile, accounts
for the increase in the ratio of operating expenses to earnings.
76.1 o7
156,670
143,857
2.409,428
2,499,975
Total assets. .13.94L.117
p. 910
14,003.810
...
stock
6,000,000
Bonds (see Sup't) 6,3*0,<j00
Acc'dlnt.notdue.
169,800
A N. O. *•. & P.J.
Ry. accounts.... 2.034,105
Net revenue account
lineal feet of iron bridges
and 58,925
lineaj
1901.
$
Liabilities—
Common
.
.
1£00.
5,000,000
6, 320.000
169,800
181.151
i36,06l
2,172,776
188,218
156,016
T't'l liabilities.13.9ll.U7
14,006.810
Forsup..ta3res,&c.
Miscellaneous
-V.71.
American Grass Twine
Co.
Statement November, 1901.
statement made to the New York Stock Ex-
('Official
The
official
change affords the following:
Incorporated under the laws of Delaware June 8, 1899. Author"
ized capital, $15,000,000; outstanding, $13,083,000; issued and
owned by the treasury, $l,03i,OO0; unissued, $882,000. Par value
of shares, $1C0 each, fully paid and non-assessable. Transfer agent,
Corporation Trust Co., 52 Broadway, New York City; Registrar of
Stock. Knickerbocker Trust Co New York City, N. Y.
All the property formerly owned b7 the Northwestern Grass Twine
Co. [including the works of the Minnesota Grass Twine Co. and the
Walter A. Wood Harvester Works— V. 70, p. It 00] -and the Wisconsin
Grass Twine Co , is now owned In fee by the American Grass Twine
Co., whioh also owns all of the oapital stock of the American Furniture & Manufacturing Co., total $100,000, and 65 per oent of the
stock of the Curled Fibre Manufacturing Co., total, $500,000. The
looation, etc., of the several plants are as follows:
'Matur'y
Constituent companies and, location of plant— Aces. Bdgs. Mtges.
Northwestern Grass Twine Co., St. Paul. Minn. 78 37 $54/006? Jan. I, '03
'07
Jan.l.
40
7
36.000
Twine
Co.,
Oshkosh,
Wis
6*
Wisconsin Grass
3
21,260 6* Nov.3.'01
76
Wisconsin Grass Twine Co., W. Superior, Wis.
..
1
American Furniture & Mfg Co., B'kiyn, N. Y..
Curled Fibre Mfg. Co., St. Paul. Minn
,
i
.
193
48 1111,255
also owns 15,000 acres of grass lands within 30 miles
of their factories, with full equipment of machines, horses, presses,
and hundreds of sheds and warehouses for the harvesting and handling of the grass. Within a radius of 50 miles of their factories the
supply of grass is praotlcally unlimited. There are no liens other
than the above on any property of the company or of the constituent
companies. The company has patents granted in the United States
and its colonies, Austria, Turkey, Belgium, France, Italv, Spain, Argentine, New Zealand. Cape Colony, New South Wales, Bahamas, Finland, India, Mexico, Victoria, Queensland, West Australia, Canada,
Chili, Japan, Denmark, Hungarj, Ceylon, South Australia, Natal,
Portugal, England and Norway, and has patents applied for in Rus-
Total
The company
sia, Germany, Tasmania and South Afrloan Republic The patents
are of great value and are controlling in the present state of the industry. No products of this kind or of this material are manufactured
anywhere except by this company.
The following tables show the capacity of the plants, the
estimated profits for the year ending July 1, 1902, and the
ledger statement of the American Grass Twine Co. as of
Sept. 30, 1901, viz
:
CAPAClTr OF PLANTS.
Harvesting mach'y, 30,000 No.
Binder twine, 25,000 tons.
Matting and rugs, 8,500,000 yds. Malleable iron oasting8.8,000ton8,
Bottle wrappers, 100,000,000 No. Gray iron castings, 10,000 tons.
Furniture, $350,000.
Curled fibre, 10,000 tons.
ESTIMATED TOTAL PROFITS FBOM JULY 1, 1901, TO JOLT 1, 1902.
Profits on orders in h'nd..$373,000 Additional sales— (Concluded.)
$75,000
Furniture
Additional sales —
Bottle wrapper and
Matting
100,000
75,000
curled grass
Harvesting machines.. 150,000
Malleable and gray iron
$973,000
Total profits
205,000
casting
I
—
Improvements. The policy of improving th9 physical condition of the property was continued; 21*35 miles of old 60-lb.
rails were replaced with 75-lb. rails; about 2% miles of additional sidings were constructed; 67 miles of track were enclosed with standard 5 strand wire fence, etc., etc. Of the
195-52 miles of main track, 64-05 miles are now laid with
60-lb. steel rails, and 131-47 miles with 75-lb. steel rails.
There are 2,565
103,736
36,619
296,767
Agents
Cash
377,375
1,864
30.
1900.
Assets—
*
$
Cost of property.. 10,939,071 10,939,071
165,606
194,130
Mat. and supplies
Miscellaneous.
2,218
|
I
|
December
THE CHRONICLE.
1901.]
14,
LEDUKB bTATKMKNT AMERICAN GRASS TWI.NK
CO, SETT. 30, 1901.
Liabilities—
Htock Issued
$14,118,000
Assets—
Properties at
St.
Panl,
Oshkosh and W. Superior,
Bills
grass lands
and equipments.
Patents, good-will. eto.
Stock In Am. Furniture Co., Inc. Invent.
$7,519,479
5 ,'00,000
Oabh
Accounts receivable.
and
aooounts
payable
Real estate Hens (not
nee
duel,
111,250
Iiihiiranoe reserves...
l.o
2
790, H!3
Surplus
474,:<02
367,415
1,035.000
Buppltes at cost
Stock in treasury
Total
$15,290,640
Total
$15,290,640
Directors- Stewart II. ChUholm, D.O. Mills, J. F. 0'Shanghue*sy and
Henry E. Howland, New Yoik, Jas, J. Hill and M. J, O'yiiauglmeBsy
Horace (i.
Herbert Myrlok, Sprlugfleld, Mass
Jr.. St. Paul, Minn
Knowles, Dover. DeL
Olllcers— President, Stewart H. Chlsholu ; Vlce-Prcs. and Treas.,
Henry E. Howland; Second Vlee-Pres., M. J O'Sbau^buessy Jr.;
General Man., Thomas K. Ottls; Sec, Charles P. Howland.— V. 73, p.
1161.
;
:
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Atchison Topeka & Santa Fe Ry.— Ratified.— At the
meeting on Thnreday the old officers were re-elected and the
purchase of varions subsidiary and other lines was ratified
V. 73, p. 898).-V. 73, p. 1061, 1009.
Atlantic Coast Electric RR.— Bondholders' Committee..
On the 3d inst., at a meeting of the first mortgage bondhold-
(see
—
W.
Clement B.
Newbold and Francis Ralston Welsh were appointed a committee to look after the interests of said holders. Mr. Wikoff
Smith, 328 Chestnut St., Phila., is Secretary of the commitAbout $500,000 of
tee, and Mr. T. DeWitt Cuyler, Counsel.
the $800,000 outstanding first mortgage 5s have been deposited with the Trust Co. of North America, 505 Chestnut
St., Philadelphia, under terms of bondholders' agreement.—
ers in Philadelphia,
V.
Messrs.
Robert
Leslie,
73, p. 1060.
—
RR.— New Acquisition. This company,
announced, will begin operatirjg on Jan. 1 the Ohio &
Little Kanawha RR., which extend3 from Zanesville to
Marietta, O, a distance of 80 miles. This road, formerly the
Zanesville & Ohio, was recently purchased by the B. & O.
V. 73, p. 1207, 1159.
Baltimore & Ohio
A Nevada RR.—Safe
./
Bonds.— Charles
11.
Smith Ol Denver ha« sold the $1104,000 of tue company's fin-t
mortgage bonds held by him to tome party whose name is
not made public. Receiver Grant di. d numes tiro
V.
73, p. 82.
(totalled
statement above
162.000
82,114
269,445
California
1263
it is
Camden (West
Va.) Interstate (Ele< tr Ic) Ry.
from Marietta, <>., aayH that O. K. Shattuck of Parkersbnrg, West Va., representing the- l'arkersburg Interuhan Ry. (V. 73, p, 287) has contracted to purchase the Marietta trolley roadn, payment to bfl made Dec. 20,
and that the entiie Parkersburg-MariHta system will be
merged into the Camden Inter-State Ky. system, whioh is
constructing an electric road from Cincinnati to Pittsburg.
— A press despatch
See V. 73, p.
82.
Dividend Increased.— The directors on Thursday declared a dividend of 1}£ per cent for the
half-year, makirjg2^ percent for the year 1901 against 2 per
cent last year. The dividend ia payable Feb. 1 to stock of
Canada Southern Ry.
record Dec. 31.— V. 73, p. 615.
Canton-Massillon Electric Ry.— See Northern Ohio Traction Co. below.- V. 73, p. 1207.
Central of Georgia Ry.— Called Bonds.—Six ($8,000) first
mortgage bonds of the Chattahoochee & Gulf RR. viz., Nos.
67, 168, 207, 219, 220 and 293, have been drawn for the sinking fund, and will be redeemed on Jan. 1, 1902, by the Citizens'
Bank of Savannah or the Treasurer of the company. V. 73,
,
—
p. 1C61, 840.
Chateangay RR.— Reorganization.— See Chateangay Ore
&
Iron Co. under "Industrials."— V. 64, p. 182.
Chicago Great Western Ry.— Listed.—The New York
Stock Exchange has listed $260,000 additional 4 per cent debenture stock, and has authorized the listing of 8640,000 additional, on official notification that the stock has been sold on
account of capital expenditures, making the total listed and
so to te listed, $23,927,* 00.
Earnings. The earnings for the four months ending Oct.
31 were:
Nit
Grots
Int. and
Div. on
Balance,
—
earnings.
4 mo*.
1901. ...$2,746,040
1900.... 2,490.853
(over taxes.)
$795,317
788,087
rentals.
Pref. A.
surplus.
$478,197
$189,540
$127,580
-V. 73, p. 1207,783.
Chicago Rock Island & Pacific Ry.— New Oficfrs.
The direc ore on Thursday accepted the resignation of President W. Gt. Pnrdy and elected William B. Leeds his succesBerkshire (Mass.) Street Ry.— Stock.— The Massachusetts sor. James H. Moore was also elected a director and D. G>.
State Railroad Commissioners on Dec. 7 authorized the Reid was made a member of the Executive Con rnittee, both
company to issue $550,C00 capital stock.
to fill the unexpired terms of Mr. Purdy. The Moore interBinghamton (N. Y.) Ry.— Consolidation. This company est in tte property, it is understood, has been largely "nwas formed on Dtc. 6th by consolidation of the Binghamton creased during the year, being represented on the board
RR. Company and the Binghamton Lestershire & Union RR. by Judge W. H. Moore, D. G. Reid and James H. Mcore.
Co, The authorized capital stock is $1,150,000. Directors
President Leeds has had much experience as a railroad ofG. Traoy Rogers. J. B. Landtleld. J. P. Clark. George E. Green. J. M. ficial and in recent years has been cloeely associated with
Johnson, Thomas J. Keenan, T. 8. Rogers, O. J. Knapp, F. E. Ross and the Mocres in their great enterprises, the National Steel Co.,
J. B. Rogers, of Blnghamtou, and J. W. Cunningham, of New York
the American Tin Plate Co. and the American Steel Hoop
Olty.-V. 63. p. 878.
Blue Grass Consolidated Traction Co. New Ytrk Incor- Co., companies recently taken over by the United States
porator— Bonds.— C. D. Knapp Jr., 81 Nassau St., is handling Steel Corporation. The old interest, it is claimed, is still in
control, its representatives on the executive committee (seven
this company's securities, and will have the sale of the bonds
which it is proposed to is a ue. He was one of the incorportcrs meiiber?) being R. R. Cable (Chairman), A. R. Flower,
Marshall Field and H. R. Bishop— V. 73, p. 286, 184
of the company. See V. 73, p. 1207,
Choctaw Oklahoma & Gulf RR.— Equipment Trust.—
Brooklyn Rai>id Transit Co.— Ten-Cent Fares Legal.—
The
company, we are informed, is about to order additional
Supreme Court Ju>tice William J. Gaynor in Brooklyn on
Dec. 6 in the test tuit brought by ex-Senator Peter H. Mc- cars and engines to the amount of $2,000,000. A part of the
Nulty decided, contrary to his own conviction but in view cost of this equipment will be defrayed by an issue of equipment trust bonds maturing yearly in eight series; and bearof the decision of the Appellate Division
in
Barnett
ing interest at the rate of 4}£ per cent. The equipment trust
vs. Brooklyn Heights RR. Co. (53 App. Div. 432), that the
Brooklyn Heights RR. Co. has the right to charge more than loan has been purchased jointly by tbe Girard Trust Coma single fare of 5 cents for one continuous ride over its road pany and Edward B.Smith & Co., of Philadelphia, Pa.
and connecting lines ope rated by it, which were formerly V. 73, p. 1111, 1061.
Cincinnati Georgetown & Portsmouth RR.— Stock.— The
steam roads, such as the Coney Island, Bath Beach, and other
company has notified the Ohio StHte authorities of the insuburban lines.— V. 73, p. 899, 854.
—
—
:
—
Boston Suburban Electric Companies.— NewCompnny.—
In our issue of Nov. 30, page 1159, was given a statement
compiled from official information regarding this new associa
tion.
Further tacts are now at hand as follows
:
The official title will omit the word "Railway" and erd with the
word "Companies." Of the 60,O00|8haree of stock (half 1 p. o. cumulative pref.) the present Issue will be 25,000 shares of preferred and
20,000 snares of common The shares will have no par value, but
In oase of liquidation the preferred shareholders v. ill be entitled to the
prior pay n.ent of $100 per share and all accrued dividends, the oommon stockholders participating pro rata in the remaining assets. On
the preferred the first quarteily dividend will be payable April 15. The
company will control more than t-U miles of track, extending from
Needham, on the south, to Lowell, on tbe north, and connecting w ith
the Boston Elevated Railway at six places. All of the stock now to
be issued will be taken by the stockholders of the constituent roads,
ard there will be no pnbllo oflering. There has not been any banker or
banking bouse in tte deal, but after it was nnUhed Kidder, Peabody <b
Co. requested that they have two representatives on the board of
trnsiees, and this was granted (see list of trustet s In V. 73, p. l If. 9).
The Ave constituent companies retain their present organization,
but all have tbe same officers and same board of directors, seven in
number, who are seleoted from the fifteen trust? es of the Boston Suburban Electric Companies, and who are the Executive Committee of
the Board of Trustees.
The 1901 earnings as published in the papers are not correct. Moreover, In salaries alone there will be a saving of $20,000 a year. There
were fnur Presidents, four Treasurers, four Superintendents and Ave
boards of directors, all drawing salaries and fees— which work will now
be done by ore President, one Treasurer and two Superintendents and
ore board of directors) selected from the board of trustees. The oompany will add not less than a dozen car lines to the present trackage.
As separate companies they kept off each other's traoks; now they will
make up combination routes that will add largely to the public
service and inoreaae the earnings without additional tracks.— V. 73, p.
crease of its common stock from $400,OCO to $1,500. f00 and
the redemption of its $125,000 of preferred stock.— V. 73, p.
1207, 1010
Coahuila & Pacific RR.— Bonds Offered— The Noel- Young
Bond
^tock Co. of St. Louis is offering at 89}£ and interest
$150,000 first mortgage 5 per cent gold bonds, due Feb. 1,
1930.
An advertisement says :
Total Issue, $2,500,000 (of whioh $200,000 are reserved for future
betterments). Length of main line, 200 miles. Bonded debt per mile,
$12,600. The entire road will be in operation by March, 1902; about
three fourths is now complete, and material to complete is either on
the ground or booked to airlve shortly.— V. 72, p. 872.
Columbus Sandusky & Hocking RR.— Foreclosure.— decree of foreclosure hts been filed in the United States Circuit
Court at Cincinnati, judgment being given for $2 575,825 and
costs.
The upset price is $2,550,000.— V. 73, p. 5o3.
Dayton Union Ry.— Called Bonds.—The following bonds
of 1889, to wit: Nop. 318, 108. 45, 487 and 389, have be<n
drawn and will be paid by the Farmers' Loan Trust Co. on
Dec. 28.
Delaware & Hudson Co.— Proposed Guaranty.— See Chafeaugay Ore
Iron Co. under "Industrials."— V. 73, p. 1159,
&
A
&
&
1111.
Illinois Central RR.— To Operate Line.—This company
has undertaken, as agent for the owners, to operate the Kentucky Western Ry., extending from Blackford to Dixon, Ky.,
19 miles.— V. 73, p. 1112, 843.
Illinois Central RR.— Listed.— The New York Stock Exchange has authorized the listing from time to time on and
THE CHRONICLE.
1264
after Die. 18 of the $13,200,000 additional capital Btock
recently subscribed for by the shareholders, as issued
and paid for in full, making the total amount of said stock to
be listed under this and previous applications $79,200,000.
V.
73, p. 1112, 843.
Inter-Oceanic Ry. of Mexico.— New Low-Grade Line.—The
report presented at the shareholders' meeting in London on
Nov. 25 says:
The expediency of purchasing the narrow-gauge line from San
Maroos to Tezultlan, 79 miles In length, known as the Nautla Railway,
and of constructing a line 6 1 miles long from Vlrreyes to Ban Nicolas
— two stations on this conmany's line— has for some time past been
under consideration. An option has now been obtained for the purchase of the Nautla Railway, together with a Government subvention
of $300,000, and this subvention will be transferred to the Virreyes8an fv'icolas line. The Mexioan Eastern Ry.Co. Limited is being formed
with a share capital of £10,iiOO nominal (all of which will be allotted
as fully paid to this company), and a 5 per cent debenture capital of
£450.000. The purohase price of the Nautla By., the construction of
the Vlrreyes-San Nicolas line, and the equipment of both, will necessitate an issue of not exceeding £400,000 of such debenture capital,
and it is proposed that a lease shall be entered Into under wbioh, this
company will take over and work the railways of the Mexican Eastern
Co. for 80 years at an annual rental sufficient to meet the interest on
the debenture capital and the general expenses. This company will
have the right to purohase the Mexican Eastern at any time after
June 1, 1914, upon six months' notioe, for a sum sufficient to redeem
the debenture stock at 105. The rental will, after 1920, include a
sum to constitute a fund towards the redemption of the debenture
stock, which will be repayable at par in 19»9.
Owing to heavy grades and sharp curves, the cost of working the
Inter-Oceauio Company's lines has always been high. By the oonstruotion of the line from Virreyes to San Nicolas (which would practically
beoome part of the company's malnjline), the instance from Vera Cruz
to Mexico City will be reduced by 48 miles, and from Las Vegas to
Mexico City the maximum grade will be reduced from over 'iH per
now
via Puebla, to only l*a per cent with less curvature.
The company's largest locomotives can haul 320 tons gross over a 1^
per cent grade, but only 160 tons over a 2^ per cent grade.
cent, as
it
is
The new lines will also, it is believed, provide a considervolume of new traffic. V. 73, p. 1112.
lnternrban Street Ry. Lease. This new company has
taken a 999 year lease of the property and franchises of the
People's Traction* Co. The latter in 1895 obtained the right
—
able
—
[Vol. LXXIII.
The company's
Year.
Div.
1900-1. $777,841
1899-0.. 807,311
—V. 73, p. 1112.
and
account for the year shows;
Disbursements.
Int.
General. Int., etc. Div.onpref. Iial.,tur.
$41,318 $11,664 $89,690 <1)$602,2W6 $95,608
97,447
16,900
44,024
(4)480,000 361,833
profit
Income.
i
.
loss
.
.
Mexican Eastern Ry.— See Inter-Oceanic Ry.
of Mexico
above.
Mlddleboro Wareham & Buzzard's Bay Street Ry.—
Bonds Offered.— M. F. Skinner & Co. of 24 Congress 8t., Boston, are offering $50,000 of this company's first mortgage 5
per cent bond3 due Oct.
1, 1921.— V. 73, p. 843.
Minneapolis & St. Louis RR.— Increased Dividend on
Common Stock.— The s?mi-annual dividend on common
stock, declared payable Jan. 15, has been increased to 2% per
cent, being at the rate of 5 per cent per annum against 4 per
cent paid in calendar year 1900. The usual dividend of
per cent on preferred stock is payable at the same time.— V.
73, p. 961, 953.
2^
New
Orleans City
House bonds issued
RR.— Called Bonds.— Seven Power
by the New Orleans Traction Co.,
in 1897
Nos. 19, 27, 58, 67, 71, 78, 128 have been drawn and will
be paid at 105 and interest at the Fidelity Trust & Safety
Vault Co. in Louisville on or before July 1, 1902.— V. 73, p.
viz.,
616, 554.
New York Central & Hudson River RR.— Quarterly.—
Earnings for the quarter and the six months ending Dec. 31
were:
3 mos. end'g
Dec 31
Gross
earnings,
Net
earnings,
Other
income.
Interest,
taxes, etc.
Balance,
surplus.
$
9?
$
$
SR
1901 (est.).. 18,552,800 6,592,900 1,332,900 5,262,200 2,663,600
1900 (act.).. 17,217,203 6,406,137 1,344,519 5,297,368 2,453.288
6 months.
1901 (est.).. 37,974,500 13,829,500 2,464,100 10,415,500 5.878,100
1900 (aot.)..34,464,3i!3 13,070,730 2,435,383 10,368,997 5,137,116
Dividends of IK per cent call for $1,437,500 quarterly, or
$2,875,000 for the six months. The operating expenses for
the six months of 1901 include $2,580,000 for new equipment,
construction and betterments, against $958,000 in 1900.— V.
to build and operate about 27 miles of trolley lines in the 23d 73, p. 1061, 785, 779.
and 24th wards, besides which some 50 miles were to be built
Northern Ohio Traction Co.— Purchase.— According to
outside city limits in connection with the New York Westthe "Pittsburg Gazette" President Lynch of the Canton-
&
chester
Connecticut Traction Co.
See the last-named
Massillon Electric Ry. Co. confirms the statement
that the
Street Railway Supplement for February, control of his road
has been transferred to J. B. McCall,
1901, page 63.
Andrew A. Halsey is President, and William President of the Philadelphia Electric Co., representing the
J. Studwell, Secretary of the Interurban. This company was
Northern Ohio Traction Co.— V. 73, p. 785.
incorporated last week. See V. 73, p. 1160.
Northern Pacific Ry.— Resignation of Mr. Hill.— James J.
Kansas City Fort Scott & Memphis Railway.— First Divi- Hill, it is announced, will retire from the board of directors
dend. — The first regular quarterly dividend of 1 per cent on of the Northern Pacific in order to remove a possible point of
the preferred stock trust certificates will be paid oq Jan. 2, controversy regarding the legality of the relation of the com1902, by the Mercantile Trust Co. of New York, to share- pany with the Great Northern Ry Co. and the Northern Seholders of record Dec. 16. Checks will be mailed.— V. 73, p. curities Co., of both of which he is President. See also the
1165, 1160, 900.
last named company below.— V. 73, p. 1160, 1062.
Bonds.
—The
Northern Securities Co. Investigation.— The In'.er-State
Kenosha (Wis.) Street Ry.—
shareholders on
Dec. 4 authorized the issue of $150,000 of 20-year first mort
Commerce Commission has expressed its intention to ingage 5 per cent gold bonds. The capital stock was also in- vestigate the organization of the company, in compliance
creased from $25,000 to $50,000. Officers President, B. J. with the request of the Minnesota Railroad Commission.
Arnold Vice-President, W. L. Arnold Secretary and TreasGov. Van Sant of Minnesota has received in substance the
urer, R. Q. Arnold. The Arnold Construction Co. has the following replies to his letter regarding the company:
contract for building the road.— V. 73, p. 1160.
Washington.— Gov. F. F. Rogers states that Washington has a olause
company
in
:
;
;
Kentucky Western Ry.— Operation.— See Illinois Central
RR. above.-V. 73, p. 957.
Lake Shore & Michigan Southern Ry.— Listed.— The New
York Stock Exchange has listed $2,359,000 additional 3>£ per
cent gold bonds of 1997 making the total amount listed to
date $43,119,000. The additional bonds were issued for the
following purposes, viz.: In exchange for outstanding old
second mortgage bonds, $329,000; for premium allowed
thereon, $30,000; sold for money, $2,000,000; the present
outstanding old bonds consist of the balance of the second
mortgage 7 per cent issue, due Dae. 1, 1903, amounting to
$6,312 000.—V. 73, p. 1061, 663.
Lehiirk
& Hudson River Ry.— New
&
President.— L9wis A.
Riley, Vice-President of the Lehigh
Hudson RR. and President of the Lehigh Coal
Navigation Co. and of the Lehigh
Lackawanna RR. Co., has been elected President of the
Lehigh
Hudson, to succeed the late Grinnell Burt.— V. 73,
&
In Its Constitution prohibiting general monopolies, but no special provision as to the union of railways. He promises hearty cooperation to
the extent of his ability.
Oregon.— Gov. Greer says that Oregon has no law on the subjeot,
and, what Is more, the people are so weU satisfied with the treatment
they have received that the Legislature has ignored his recommendation in two successive messages that the anomalous condition as to
the control of railroads be changed.
South Dakota.— Gov. Herrled says the roads in the merger have so
little mileage in his State that any action there would be of no moment,
Idaho.— Gov. Hunt regrets that Idaho has no Constitutional provision or law which will enable him to render material aid in the contest, but says the matter will be the subjeot of astion by the next
Legislature.
North Dakota.— Gov. 'Frank White says his State has very little
law bearing directly upon the question. In the Constitution the consolidation of parallel and competing lines is specifically prohibited,
and there are some general enaotments prohibiting the formation of
trusts and pools for the purpose of hampering trade and commerce.—
V. 73, p. H61.1112.
Ohio & Little Kanawha Ry.—See Baltimore & Ohio RR.
above.— V. 73, p. 1161, 1112.
&
Ozark & Cherokee Central Ry.—Mortgage.— This company
p. 1157.
is filing a mortgage to the Illinois Trust & Savings Bank of
Long Island Extension RR.— See Pennsylvania RR. and Chicago, as trustee, to secure $2,000,000 bonds to be issued
Pennsylvania-New York Extension RR. below.— V. 72, p. on the proposed line from Fayetteville, Ark., to Muscogee, I.
1237.
T. Of the new road, 20 miles, from Fayetteville to LinLong Island RR. Co.— New Tunnel Plan.— See Pennsyl- coln, Ark., are now operated, the remaining; 80 miles baing
vania Co. and Pennsylvania-New York Extension RR. be- under construction. The President is H. W. Seaman of Clinton, la.; Vice-Pres. and General Manager, E. E. Hughes of
low.— V. 73, p. 1207.
Manchester & Lawrence RR.— Old Suit Decided.— The Fayetteville, Ark. Sac. and Treas., A. W. Cooper, Clinton, la.
long-standing suit of the State against the company, growing
Pennsylvania RR.— Tunnel to New York City.— President
out of the $500,000 extra dividend paid in 1895 from moneys A. J. Cassatt announces as follows the company's intention
received in settlement with the Concord RR., has finally been to extend its line by tunnel under the North River to an undecided in favor of the company, the court holding that the derground passenger station [at 7th Avenue and 33d St.] in
money so paid was not " net earnings " under either State this city, and thence under the East River to a connection
&
;
laws or the charter of the road.
See V.
61, p.
152.— V.
70,
p. 532.
Massachusetts Electric Companies.— Report.— The consolidated income account of the street railway and electric
light companies controlled by the company for the year ending Sept. 30 compares as follows:
Tear.
Gross.
Net.
Charges.
Ditid's.
BaL.sur.
1900-1
$5,778,133 $1,862,648 $937,203 $779,462 $145,980
18990
5,518,837
1,859,500
994,294
645,545
219,661
with the Long Island RR. in Long Island City:
The company is now prepared to carry out its policy, long slnoe
adopted, of extending its railroad into New York City, therein establishing a suitable passenger terminus for the accommodation of the
public. To accomplish this on a comprehensive plan the Long Island
Extension RR. Co. will withdraw its application for power to construct its terminal railroad, and In lieu of suoh independent construction it is now proposed to build, under the charter of the Pennsylvania-New York Extension RR. Co., just orgamzed, and a New Jersey
railroad company, about to be organized, a through underground
connection between the Long Island Railroad and the Pennsylvania
December
14,
THE CHRONICLE
1901.]
New Jersev, and to construct a proper and commodious Joint
underground terminal station In New York City for the Pennsylvania
and Long Island roads.
After years of exhaustive study the oonoluslou has been reaohed
that a tunnel line, operated by eleotriolty, Is In every way the most
practical, economical, and the best both for the Interests of the railroad company and of the olty. The line as adopted will traverse the
city of New York from the Hudson River to the East River, and be
underground throughout, and at such a depth as not to Interfere with
the future construction of subways by the city on all of Its avenues, n Millar to the one now building along Fourth Avenue. The company has
acquired the bulk of the property for Its principal station and means
to go forward In the acquisition of such additional properties as will
be required, either by purchase or oondemna'lon, In the belief that
the oity authorities will meet the application In a spirit of fairness.
Immediately upon the necessary authority being granted the work of
construction will proceed and the whole Hue be completed and put lu
operation as soon as possible.
This plan supersedes the earlier projeot for a union bridge
over the North River and it is believed can bs carried out at
far less expense, the popular guesses at the cost ranging from
15 to 25 millions, as against 50 millions for the bridge.
The
central passenger station will occupy the blocks from 31st to
83d sts. and 7th to 10th aves., and will be modeled after the
Qaai d'Orsay Station of the Orleans Railway in Paris, but
twice its size. Because of the deep mud in the North River
the tunnel will be in the]shape of a steel tube or tubes, resting
lines In
,
on
piers.
To complete
the work will require several years of contin-
uous work. When it is completed the company will have
not only an entrance into the city of New York for itself and
the Long Island RR.. bringing the city into close connection
with the neighboring suburban resorts and the country generally, but it will be able to send through trains by rail direct
from the South and West to all points in New England via
the bridge from Mott Haven to Long Island, which is to be
built by the Long Island Connecting RR. (See V. 71, p. 913,
V. 72, p. 1280) and the New York New Haven & Hartford
RR. and adjacent systems.
See Pennsylvania-New York Extension RR. above. V.
—
73, p. 1208, 1112.
Pennsylvania-New York Extension RR. —New Tunnel
Company. This company was incorporated at Albany on
—
Wednesday with
$1,000,000 capital stock, in $100 shares, to
build for the Pennsylvania RR. (which see above) its proposed tunnel road under Manhattan from a connection with
a New Jersey company at a point on the dividing line between the States of New York and New Jersey, opposita
West 23d to West
st„ and thence under the East River
to a connection with the Long Island RR. in Long Island
City.
large amount of property has been acquired through
the Stuyvesant Real Estate Co. for the central underground
passenger station, which will be at Seventh Avenue and
331 st. The capital stock has all been subscribed, President Cassatt of the Pennsylvania taking $730,000. W. H.
BaldwiD, President of the Long Island RR. Co., is one of the
incorporators. The Long Island RR,, besides using the Central station, will have a special station in West 33d St., just
A
Broadway.
Rochester & Sodas Bay (Electric) Ry.— Preferred Stock.
The New York State Railroad Commission has authorized
the company to issue $750,000 of preferred stock. There is
east of
—
also $1,000,000 oommon stock. (V. 71, p. 391.) The preferred
stock is 4 per cent cumulative, and like the common stock is
all outstanding. No bonds have been authorized. Morris K.
Jesup, 195 Madison Ave., this city, is interested in the enterprise.— V. 71, p. 391.
St. Lonis & San Francisco RR.— Stock Issue.— We are
informed that the $1,728,000 second preferred stock, which
the company has just asked the New York Stock Exchange
to list, is stock which has been held in the treasury since the
reorganization of 1896, and is not part of the issue authorized
in connection with the making of the refunding mortgage.
V. 73,
p. 1208, 1161.
Lonls Transit Co.— Tliree-year Notes.— The $6,000,000
Three-Year Notes described in the Chronicle of Nov. 23,
page 1 113, are to be issued at the following dates upon deposit
with the mortgage trustee of the amounts of general mortgage bonds and preferred stock of the United Railways of
St. Louis here indicated, viz:
Amount
When to be
Collateral
St.
,
,
of Notes.
$4,609,000
408,000
309,000
225.0OU
225,000
224,000
Issued.
At once.
Dec. 31, 1901
Mar. 31, 1903
Bonds.
$2,877,000
June30, 1902
Sept. 30, 1902
Deo. 31, 1902
Pref. Stoclc.
$2,924,300
638,100
522,500
879,300
379,300
379,400
$6,000,000
Total
.$2,877,000
$5,272,900
for the issue of a portion of the notes is deferred
as above pending certain further " additions, acquisitions,
betterments and improvements."—V. 73, p. 1113.
The time
Savannah Thunderbolt &
Isle of
Hope Ry.— Amalgama-
tion.— See Edison Electric Illuminating Co. of Savannah, Ga.,
below under " Industrials. "—V. 73, p. 1161.
1265
Sonthern Railway.— Lilted.— The New York Stock Exchange has listed $428,000 additional first consolidated mortgage 5 per cent gold bonds of 1994, and has authorized the
listing from time to time of additional amounts of said bonds
as and when issued in exchange for like amounts of Charlotte Columbia & Augusta RR. Co. first mortgage 7 per cent
extended bonds dne July 1, 1909. The amount of first consolidated mortgage bonds, including su :h additional issues, is
not to exceed in the aggregate $85,975,000. The first consolidated mortgage deed agrees as follows
Every holder of bonds (part of an aggregate Issue of $2,000,000) secured by the before mentioned mortgage of the Charlotte Columbia
& Augusta KR. Co. dated Aug. 30, 1869, upon surrender thereof prior
to maturity, as extended, with all coupons thereto belonging not then
matured, to the trustee, through the Hallway Company, shall be entitled to receive in exohange therefor a like amount at par In bonds
hereby secured.
This exchange is now in progress— V. 73, p. 1208, 1161.
:
Increase of Stock. — The
stock recently authorized by the Massachusetts Railroad Commission was $195,000, raising the total
authorized issue to $455,000.— V. 73, p. 617.
Springfield
amount
of
& Eastern Ry.—
new
Tuscarawas Traction Co.— Bonds.— This new company
in
addition to its $350,000 capital stock, it is stated, will have
$850,000 of bonds, F. T. Pomeroy is President, J. A. Rutherford, Vice-President, and J. O. Wilson, Secretary.— V. 73, p.
1209.
United Railways & Electric Co. of llaltimore.— Called
Bonds. Three Central Railway Co. first mortgagees of 1882,
viz., Nos. 165, 190 and 208, have been drawn and will be paid
at the Safe Deposit & Trust Co. of Baltimore on Jan. 1, 1902.
V. 73, p. 901,786.
Utica & Mohawk Valley Ry.— Bond Sale— N. W. Harris
& Co. of this city, Boston and Chicago, and Perry, Coffin &
—
—
Burr of Boston, offered this week at 102 and interest $1,400,000 of this company's 40 year i% per cent $1,000 gold bonds,
dated Sept. 1, 1901, due Sept. 1, 1941. Interest payable March
1 and Sept. 1 in New York; New York Security
Trust Co.
of New York, trustee.
circular says in substance:
The total authorized Issue is $4,000,000, of which $1,400,000 are
issued and outstanding; $750,000 are reserved to retire a like amount
of divisional bonds of acquired companies; $350,000 are to be Issued
on completion of the lines now in process of construction, $200,000 are
to be issued as part of cost of construction of 16 miles of track between Herkimer and Little Falls, including the tracks in Little Falls,
and $1,300,000 are in escrow for future additions and improvements,
and can only be issued for 75 per cent of the actual oash cost of additions and improvements, but not until the net earnings for the preceding 12 months are equal to, or exceed,|double the interest charge on
the total amount of bonds outstanding, including those to be issued.
The above bonds will be a first mortgage on about 57*18 miles of
single track, and various additions and improvements now being made
to the property and a general lien subject only to $750,000 divisional
bonds on about 41 40 miles of traok (this 41*40 miles lnoluding as a
leasehold Interest the 12*98 miles leased from the Utica Clinton &
Binghamton Ry. for $15,000 yearly.)
The company oontrols the entire street railway system of Utica and
adjacent cities, operating about 98*58 miles of single track oompleted
and nnder construction. [The main line extending from Rome, via
Utica, etc., to Little Falls, N. Y., and the branches to Clinton. New
York Mills, etc] The company serves a population of 114,057, this
territory being the most thiokly populated area outside of oities in
&
A
the State of New York. The franchises are favorable in their terms;
and in the opinion of counsel, unlimited as to time, excepting the
franchise in Little Falls, which does not expire until 1945. The interurban lines are largely on private right-of-way owned by the oompany.
The system is for the most part double-tracked and of standard steam
railroad construction, and the equipment is of the best and moat
modern character.
The company expects to have all its extensions in operation, aggregating approximately, including present mileage
in operation 98'58 miles of track, on or prior to Aug, 1, 1902,
and for the first year of full operation, beginning on that
date, it is estimated that the earnings will compare as follows
with the actual results for the year ended Sept. 30, 1901, on
40*63 miles of track:
Surplus.
Rentals.
Tear— Miles.
Qrots.
Net.
Interest.
1902-03. 98*58 $650,000 $260,000 x$125,250 $15,000 $119,750
1900-01. .40-63
82,093
17,500
387,311
139,255
39,662
x Inoludes full interest on $1,950,000 of the new 44s.
The bonds offered are all reported sold.— V. 73,
p. 723, 288.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Adams Express do,— Offer for Stock.— The company
has
sent circulars to its shareholders offering to buy a portion of
their holdings at $190 per $100 share. President Weir is
quoted as saying that the circular was sent out "because the
trustees, for purposes not nceesary to state," want to acquire
a few hundred Bhares. No deal, he says, is involved. The
stock seldom appears on the market. V. 72, p. 777.
Amalgamated Copper Co.— Circular.— Barnard Gilbert,
7 Exchange Place, Boston, have issued an interesting fourpage circular regarding this company and its constituent
properties.
Price of Copper in London.—The price of copper in London
yesterday was as low as £59 per ton, contrasting with
—
&
Seranton (Pa.) Rj.—Strike.— Owing to the strike of its £66 12s. on Aug. 31 and with £57 10s. on Nov. 30. The comemployes, the company was unable from Nov. 17 to Dec. 9 to pany's price was reduced yesterday from 17 cents per pound
operate cars on its Scranton-Pittston line, but on Dec. 10 car (at which it has been maintained thronghout the year, see
service was resumed, saving the franchise, which the city V. 73, p. 664) to 153 f or Lake and loj^ cents for electrolytic.
councils had proposed to revoke.— V. 71, p. 492.
The London price, it is understood, is equivalent to about 13
Southern Ohio Traction Co.— Consolidation.— It is now to 13}£ cents in New York for electrolytic copper. See edirumored that. this company will consolidate with the Hamil- torial on another page,— V. 73, p. 1209, 1161.
ton City lines, the Miamisburg & Germantown and the CinAmerican Alkali Co.— Suits to Compel Payment of lssesscinnati & Northwestern. See V. 73, p. 1208.
ments. The company has brought suits in the Common
<••
,
—
THE CHRONICLE.
1266
Pleas Court in Philadelphia against abont 150 holders of its
preferred stock to compel payment of the instalment of 82 50
per share which was due on Nov. 11.— V. 7:5, p. 958, 955.
American Car & Foundry Co.— New Chairman. — ViceChairman and former President W. X. Bixbyhas been elected
Chairman cf the Board to succeed William McMillan, de-
ceased— V. 78, p. 958, 723.
American Cereal Co. See Quaker Oats
Co.
below.— V.
73,
p. 958, 664.
American Chicle Co.- New Stock.— The stockholders will
vote Dec. 20 upon a proponition to increase the preferred
stock from $3,000,000 to $4,000,000, and the common stock
from $6,000,000 to f8,000,000. The new stock, it is stated,
will be offered to the present stockholders in proportion to
their holdings, and the proceeds are to be spent in developing the company's factories and gam forests in Yucatan.— V.
72, p. 1281.
—
American Cotton Co.— Protective Committee. A stockholder' committee consisting of Cornelius N. Blies, Chairman; Wm. L. Lovering, Albert C. Case, James G. Cannon,
James K. Jones, David R. Francis, Maxwell Woodhull and
Stillman F. Kelley, with Thomas E. Wing as Secretary,
20 Nassau St., New Ycrk City, announces that holders of a
large amount of preferred and common stock have entered
into a stockholders' agreement (dated Dec. 2, 1901), for the
purpose of furthering a consolidation, sale, lease cr other
disposition of property of or the acquisition or lease of property by the American Cotton Co. and for the advancement of
the interests of depositing stockholders through united action.
The committee offers to all shareholders the opportunity of participating in the benefits of said agreement by
depositing thereunder their stock with the Central Trust
Co. of New York, as depositary, on cr before Jan. 10, 1902.
The agreement provides that the deposited stock may be sold
in block by the committee at not less than 105 and accrued
dividends for the preferred and 50 for the common, at any
time within five months from Dec. 2, 1901. Any ether proposition made to the committee respecting all the deposited
stock shall be effective if approved by the affirmative vote of
70 per cent in amount of the owners of the then outstanding
certificates of deposit. The agreement will continue for three
years.— V. 72, p. 1240.
American Telephone & Telegraph Co.— See Erie Telegraph and Telephone Co. below.— V. 73, p. 1209, 958.
Associated Merchants' Co.— Reported Purchase— President John Cl&flin is generally believed to have obtained an
option od, if indeed he has not definitely agreed to purchase,
the large dry-goods business of Pcsner Brothers, at Baltimore.— V. 72, p. 777.
Bay Counties Power Co.— See California Gas & Electric
Co. below.—V. 72, p. 1032.
Bucyrus (0.) Water Co.— Sale.— This property is to be sold
by the Sheriff on Jan. 3 to satisfy an execution for $67,000.
California Gas & Electric Corporation.— Incorporated.—
This company was incorporated in California on Dec. 5 with
$30,000,010 authorized capital stock for the purpose, it is
supposed, of acquiring gas and electric plants in ban Francisco, and probably also in adjacent counties. The incorporators include:
A. E. Chllds of Boston; R. R. Colgate of New York; Eugene J. de
Jr., R. M. Hotaling, L. P. Lowe, W. M. Hereon, J. C. Coleman,
John Martin and C. A. Qrow, all of San Francisco.
Sabla
[Vol. LXXIII.
&
Holders of the $1,088,000 unguaranteed bonds of the Ore
Iron Company upon surrender of deferred interest certificates ({335,010) are offered, in cash, 40 per cent of the face
value of the bonds cr an exchange of the bonds for 85 p. c.
of their face value in tbe new issue and 65 per cent in new
first preferred stock.
majority of the bonds has already
assented to the plan.
A
Chicago (Bell) Telephone Co.— New Stock— Option.
Shareholders of record Jan. 11, 1902, are offered the privilege
of subscribing on or before Feb. 3, at par, to$3,0C0,000 new
stock to an amount equal to one- third of their present holdings, subscriptions to be paid in three instalments, viz., Feb.
This issue will increase the outstand10, July 2 and Oct. 6.
ing capital stock from $9,000,000 to $12,000,000. The proceeds
will be used for improvements and additions.— V. 78, p. 447.
Citizens Electric Light & Power Co. of Honston, Tex.—
Sold. This property was sold under foreclosure at Houston
on Dec. 3 for $240,000 to George C. Ho) lister of Schenectady,
N. Y., representing the General Electric Co., a creditor. The
purchaser also assumes the liabilities of the receiver to a net
—
total of $167,188.
The successor company is the Houston
Light
Power Co., which see below.— V. 73, p. 1162.
&
Claflln Co. (H. B.), (New York)-See Associated Merchants' Co., above.- V. 72, p. 186, 89.
Colorado Fuel & Iron Co.— Tin Plate, Rod
Wire Mills
Increase in Rail Output. The "Iron Age" says:
We are officially advised that the new tin plate department will consist of ten mills and the sheet department of eight mills
Early
last month ground was broken for the ereotlon of the C 00 to 700 ton
rod mill of the Garrett type, and a wire mill to take care of its output.
Other improvements now under way consist of two 95-loot blast furnaces, six 50-ton open-hearth furnaces, new Bessemer department of
2,000 tons capacity, 40 inch blooming mill, 24-lnch reversing mill, 12
and 14 inch continuous hoop and small merchant mill. Changes are
also being made in the rail mill to bring it up to the capacity required
by the new Bessemer department. The present output or the steel
plant Is close to 1,000 tons per day. and that of pig iron has been increased to a like amount by the new furnace, which went Into blast in
the early fall. With the two additional blast furnaces now under
course of erection, one of which will probably go into blast about
April and the other by midsummer, the capacity of pig iron will be
increased to 2, coo tons per day.
Business with tbe company, it is stated, is very heavy, the
orders running well into next year. V. 73, p. 559, 552, b93.
&
—
—
—
Cobre Grande Copper Co.— Receivership Confirmed.— An
order was entered in tne Supreme Court in this city on Monday confirming the appointment of Hugh J. Grant as receiver of the company, and continuing the temporary injunction granted at Special Term against William C. Greene
and the Greene Consolidated Copper Co. This injunction restrains the further consummation of an alleged cor spiracy
to settle the litigation, and enjoins the delivery to Greene by
the Phoenix National Bank of title deeds covering certain
property now operated by the Greene Consolidated Copper
Co. until the trial and decision of the action on its merits.
The suit was brought by Axel W. Hellenborg, of the firm of
Armstrong, Schirmer & Co., 44 Broad St., as owner of over
8,000 shares of stock in the Cobre Grande Co.— V. 73, p. 289.
Columbus (0.) Citizens' Telephone Co.— Bonds Offered.—
The Columbus Savings & Trust Co. and the State Savings
Bank & Trust Co. of Columbus are offering at par and interest $1 00,000 of this company's first mortgage $1,000 gold 5s,
due Jan. 2, 1920, or after 1915 at 105. The company, it is
said, has 5,200 main line connections and over 600 extensions.— See V. 70,
p. 844.
Continental Tobacco Co.— Extra Dividend on Lorillard
will be President, with Eugene de Stock.— The directors of the P. Lorillard Co. on Wednesday,
R. R. Colgate, it is said,
Sabla Jr. and John Martin as Vice Presidents. The directors
are nearly all directors of the Bay Counties Power Co.
(See
V. 72, p. 1033.)
besides declaring the usual quarterly dividend of 2 per cent
on the preferred stock, nearly all of which is owned by the
Continental Tobacco Co., also declared a dividend of 10 per
cent
All of the common
($300,000) upon the common stock.
Charleston (West Va.) Water, Gas & Electric Co.— Incorporated- Consolidation. This company was incorporated in stock, amounting to $3,000,000, is owned by the Continental
West Virginia on Dec. 3 with $1,000000 authorized capital Tobacco Co. The dividend of 10 per cent on the common
stock. Incorporators: George E. House, John B. Garden, C. stock so declared was in addition to 6 per cent on such
M. Oliver, John A. Howard and George Baird, all of Wheel- stock already declared, making 16 per cent on the stock for
ing. Control of the Charleston Gas & Electric Co. passed to this year, as against 8 per cent for 1900 and nothing for 1899.
After declaring this dividend, the surplus carried over is
Wheeling capitalists last July.
reported as $225,(00.— V. 73, p. 1210, 447.
Chateangay Ore & Iron Co.— Reorganization Plan.—
Consolidated Railway Lighting & Refrigerating Co.—
The company has made a proposition to the holders of the
To Examine Books.— Justice Leventritt has denied the
first mortgage bonds and of the consolidated bonds for a leorganization of the property in conjunction with the Dela- motion to vacate the order permitting H. W. Rosen baum on
ware & Hudson Co. and without recourse to a receiveiehip. behalf of the minority shareholders to examine the company's
The plan provides for the authorization of $1,250,000 of new books with reference to the consolidation effected last spring.
common stock and $750,000 new first preferred stock (4 per V. 73, p. 84.
Cumberland Valley Telephone Co.— Mortgage.— The comcent non-cumulative) and a reduction of the present common
stock to $750,000 of second prefened stock. A new mort- pany has placed on record a mortgage to the Commonwealth
Trust Co. of Harrisburg, as trustee, to secure $500,000 bonds.
gage is propost d, securing 4 per cent 40-year gold bonds, re
deemable at 105 at any time, and guaranteed by the Delaware The company was organized last September to amalgamate
& Hudson Co in return for the new common stock which is to (in the interest, it is said, of the United Telephone & Telebe issued to that company. The total authorized issue under graph Co.) the Dauphin County, Southern Pennsylvania,
the new mortgage is in no case to exceed $1,750,000, and is to Cumberland Valley, Hanover and Adams County telephone
,
be applied as follow s
companies.
:
Office in Harrisburg.
Davenport (Iowa) Water Co.— Refunding.— The directors
have voted to call and pay off the existing §300,000 of 6 p. c.
bonds, and propose to issue $5C0,C00 new bonds, bearing
probably 4% P er cent interest, to refund the old bonds and
to provide lor improvements now in progress.— V. 73, p. 1210.
bonds of Chateaugay Ry. Co
Detroit City Gas Co.— 70-Cent Gas.-The Common Coun200X00
To be issued for retirement of $1,088,000 unguaranteed
cil on Dec. 10 passed an ordinance requiring the company to
bonds (see below)
435,200 furnish both illuminating and fuel gas at 70 cents per 1,000
To be issued at once for fresh capital (new construction,
feet, in place of at $1 and 90 cents, respectively, as at pres$244,000; floating debt, $132,652; remainder working cap-
Issuable in the future for fresh capital, but only with consent of a majority of the stockholders
$250 000
To be used to take up $400,000 consols of Ore & Iron Co.,
guaranteed by D. & H. Co., that company to lurnish any
premium necessary to effect the exchange and to receive
Urn preferred stock therefor
400 000
Reserved to retire at maturity (in 1907) $200,000 mortgage
lta "
464,800
ent.-V.
73, p. 1063.
December
14,
THE CHRONICLE
1901.J
Dominion Iron & Steel Co.— Change in Control. —Henry
M. Whitney is reported to have sold a controlling iuterest in
the company to James Ross and associates, of Montreal.
Whether he has retained a minority interest an will remain
1
on the board does not appear certain.— V. 78, p, 959, 080, 661,
Edison Electric Illuminating Co. of S.iraiinuh.— Meeting
Adjourned.—The meeting called for D.-c. 9 to act on the proposed acquisition of a controlling interest in tun Savannah
Thunderbolt & Isle of Hope Ry. was postponed, but it is
thought will be held in a week or two. — V. 7a, p, 1 102.
Erie Telegraph & Telephone Co.-Contmi.— Reports are
current that the American Bell Telephone & Telegraph Co.,
under a plan shortly to be announced, will take over a controlling interest in the subsidiary companies constituting the
Erie's system and provide for the latter's outstanding obligations.
Through an interest in the bankers' syndicate, which
purchased the collateral trust notes of 1901, the American
Company has for some time been accredited with a strong
hold on the property, and lately purohases.of a considerable
amount of the stock a; prices ranging as low as 15 have been
commonly attributed to that company or its friends.— V 73
p. 1210, 1162.
Franchise Taxation in New York State.— Litigation.—
Ex- Judge Robert Eui, referee, at Albany on Die. G completed the taking of evidence in the franchise tax cases, but a
final decision may not be reached before 1903, as the
Court
of Appeals can scarcely take up the case before next autumn.
After consultation with Attorney-General Davies, Corporation Counsel Whalen, of this city, on Dec. 4 advised Comptroller Coler that no further orders reducing franchise
assessments against special franchisee as entered on the tax rolls
of the city will be made by consent of the Attorney-General, except in three or four cases now in hand, until
final
orders are entered in the pending litigation.
Evidence was given before Judge Earl on the part of the
people against the Metropolitan Street Ry. and other corporations in the New York tax district to establish the fact
that
the ratio of assessments in this city is 67 per cent of the full
value, on which basis it is proposed to assess the franchises
if
Judge Earl sustains this estimate and the law is finally suo.
J
tained.— V. 73, p. 786, 82.
Fremont
(0.) Gas, Electric Light & Power Co.-Chanqe
Stock. Tne Fremont Gas Co. is reported to
have changed its name to the foregoing and to have increased its capital stock from $75,000 to $250,000. J.
T. Lvnn
is President and W. B. Daly, Secretary.
of
—
name-New
General Carriage Co.— Plan Abandoned.— The plan of rerecently issued has been abandoned
but
new interests headed by W. J. Arbell propose to' take
the company out of the receiver's hands and reorganize
it
The old plan gives considerable information regarding th*
s
enterprise. See V.
organization
73, p. 1163.
Greene Consolidated Copper Co.— Stock Offered.—This
^n™ 1Di *,nC pan5> wi? 08 e aDth °"zed capital stock is
T
™^
.
fb.000,000 in $10 shares, is offering for sale to the public
1 460
shares of its capital stock at $50 per share. This stock
is the
entire remainder of the treasury stock issue of
100 000 shares
authorized at the stockholders' meeting July 22 1901
and
which was offered to stockholders at $40 per share. An advertisement says:
mpa y °. wn8 he. lar Kest copper properties in the world. Its
JFAee„°°re
!?
t
ent
r 6ly pa,<1 for and tnere l8 no mortgage
or bonded indebtedness. JL
The company has built and owns its own smeltTe
0a B 8awmUl8 electric-light plant, water system contown
fft-^S"
H
Bite, timber lands,
stores, etc It i« now producing copper at
the r ue
r 4
0<
pou d8per month wh ' ch Production will be more
?ha°n$
!?,
F
t
d „ ble W lt
tllen
:tt
y (la y 8 - Ic oan P^oe blister cop
,
1 pr^n
i
^ 1 forn less
f
? lDe,cents
per
in ^
New
York
than
four
per pound
la C
he6 ° f Aug 31 eho ^re d only $2,500 of the
««^nn
nno
?
$6,000,000 stock in the treasury. The first dividend 2
per
cent, was paid in May, and the second dividend,
also 2 per
cent (|12),000), was paid Sept. 30, making $220,000
paid in
dividends this year. The mines are at Li Cananea,
Sonora,
Mexico, and the company has been building a railroad
from
there, to the terminus of the existing line.
The company owns all the $20,000 stock of the Cananea Consoli
dated Copper Co., purchased at a book cost of |5.( 00
000 and
has advanced that company to Aug. 31, 1901,
$3,804 334
company named the Cobre Grande Copper Co. has had
suits pending against Mr. Greene, based,
he says solely
on an unexercised option on the property since acquired
by
the Cananea Company.
See above.
As to the Greene
Consolidated Copper Co., see advertisement in Chronicle
of
June 16, 1900. The company's office is at 377-379 Broadway
Home Telephone Co. of Trenton, N. J.-SoW.-This prop
fjty was sold under foreclosure on Nov. 27 for $30,000.—
V, 7o, p. 618.
?w V
.
W
•
-
)i
l
'
^
V
,
i
"
A
1267
Amotion, etc., in Erie, Chatauqua, Niagara and Orleans
counties. Par value of shares $10
The b mda are gold
oentl doe Jan, 1. 19:37. and
ca ll at any time aft*-r
J.i ii. 1, 1904, at 110.
Offl
l.
International Silver C*.—Dividend* Returned*— The company on Thursday declared a dividend of 1 per cent on its
preferred stock, payable Jan. 1 to hold
last dividend was paid April, 1900.
The
— V.
record Dec. 10
73, p. 570, 588.
Land & Klver Co.- Plan.—A majority of the security
holders and creditors having assented to the plan of reorganization of the company, the same baa b
tared operative.
The cash assessments are called payable in three
equal instalments on or before Jan, 15, Feb. 15 and April 1,
respectively. See advertisement on another page and plan in
last week's Chronicle, p. 1210.
Lorlllard (P.) Co.— Extra Dividend.— See Continental
Tobacco Co. above.— V. 70, p. 1052.
Maritime (anal Co. of Nicaragua, Etc.— Report.— The report, signed by President H. E. Howland, and cubmitted to
the llouse at Washington on Dec. 6, says
Of the stock 10,145 shares have been sold at par and *l ,008,830 paM
$i«5,773
:
in
has been received from other sources and $1,172,771 In
cash has been expended in work and materials. The company has btsued $1,885,000 of its $">.000,00i> first mortgage bonds for work dom
and has given away $18,000,000 in capital stock for concessions,
rights of way, etc
The company protests against the action of the Nicaraguan
Government in seizing the property. The company's con
cession expired, according to a Nicaragua official decree, on
Oat. 9, 1899, and it is therefore questioned how far the com
pany must be considered by the United States in its plans for
construction. See also Nicaraguan|Canal b?low.— V.71,p. 1223.
;
Mergenthaler Linotype Co.— Extra Dividends Resumed.—
directors have declared the regular quarterly dividend
of 2% per cent and an extra dividend ot 3>£ per cent, both
The
payable Dae. 31st, 1901, to stockholders of record Dec. 14th.
In 1899 and 1900 5 per oent was paid quarterly, including an
extra 2% per cent, making 20 per cent per annum; the current
calendar year all extra dividends weie omitted until the
present declaration. The total distribution in 1901 is 13i£
per cent.— V. 73, p. 1110, 845.
Michigan Portland Cement Co.— New Reorganization
26 a new reorganization plan was ratified by
a majority of the bondholders. This plan is in the form of a
contract with the American Construction Co. (Holmes &
Co.), and provides for foreclosure and the organization of a
new corporation under the statutes of Michigan, to take over
the property. The capital stock of the new corporation
will be $1,000,000, of which $920,000 will be issued pro rata to
the holders of the [$1,000,000] bonds, and the remaining $30,000 will be issued to the Constitution Co. in exchange for
its 116,5003^ shares of stock and $198,557 notes of the old
company. The present officers of the Michigan Portland
Cement Co. are President, L. M. Wing; Vice-President,
Charles Briggs; Treasurer, M. D. Campbell; Secretary, E. R.
Root.— V. 73, p. 141, 35.
Missouri & Kansas (Bell) Telephone Co.— Increase of
Plan— On Nov.
:
Stock.—The shareholders will vote Jan. 22d on a proposition
to increase the capital from $2,503,000 to $5,000,000, to prodive for extensions and improvement.— V. 69, p. 593.
Monongahela Water Co.— New Stock.— The shareholders
on Dae. 5 voted to increase the capital stock from $2,100,000
to $2,300,000.
The new stock will be sold pro rata to stockholders at par, $25 per share.— V. 73, p. 845.
Montgomery (Ala.) Light & Power Co.— Sale of Property,— The stockholders will meet at the office of Emerson McMilliu & Co., 40 Wall St., on Jan. 15, "for the purpose of
selling and conveying all the company's property of every
kind, character and description " to a new company, which
will acquire also the property of the local water company.—
V. 73, p. 496.
Moran Bros. Co. Shipbuilders (Seattle, Wash.J.-Boncfo
Ojjered.—N. W. Halsey & Co. of this city own and offer, subject to sale, this company's $500,000 firjt mortgage 5 per cent
gold bonds, maturing series A, B, C and D, Jan. 1, 1906 to
1909; series E, Jan. 1, 1912; principal and interest payable in
New York. Active assets, $1,600,000. Net earnings last
fiscal year, $297,671; interest
charged, $23,000.
National Enameling <te Stamping Co.— First Dividend on
Common Stock.— The directors have declared a dividend of
4 per cent on the $15,411,800 common stock, payable 1 per
cent Dec. 31 to stockholders of record Dae. 19, and 1 per cent
quarterly thereafter.
Redemption of Bonds.—The directors have also voted to
anticipate the redemption of the $250,000 due Sept. 1, 1902.—
Houston (Tex.) Light & Power Co.-Succeasor Company. V. 73, p. 725, 496.
National Sewing Machine Co.(Bel?idere, III.).— Increase
company was incorporated in Texas on Dec 3 as
of Stock. This Illinois corporation has certified to an increase
successor of the Citizens' Electric Light & Power
Co sold of its capital stock from
unJ? e5 f o reclo «ure (see that company above). Incorporators$350,000 to $1,051,000.
BUkeDupreeand W H. Chapman of Houston,' Howard C. Lewie.'
National Timber Co.— Incorporated.— This company was
*.. l,. carr, £,.
k. Coffin, H. M. Francis and Edward Clark »n ni incorporated in New
Jersey on Nov. 27 with $15,000,000 of
Schenectady. N. Y., and presumably with General Eleotrio
Co
authorized capital stock, of whioh $7,500,000 is preferred
Independent Union Telephone Co.— Mortgage —This com- stock,
7 per cent
cumulative.
Incorporators
Edward
pany has made a mortgage to the Knickerbocker Trust
Co of T. McLaugblin and Thomas H. Rossbottom of New York
this city as trustee to secure $500,000 bonds
viz
300 nf and K. K. McLaren of Jersey City. The redwood lumber
11,000 each and 400 of $500 each. Samuel M Brown
is
dealers of the Pacific Coast are forming a combination of the
ident and Theo. M. Brush, Secretary. The
company, which &ixteen leading lumber manufacturers of Humboldt, Mendowas incorporated at Albany Dec. 12, 1900, with
$200,000 cino and Del Norte counties, Cal., and the new company
authorized stock has not
— Ibis
—
'
:
•
lW
Buffalo, but will,
it is
succeeded in getting a franchise in
said, use the proceeds of the bonds for
may
perhaps be organized to carry out their plans. J. M.
J., is also reported to have been re-
Chapin of Newark, N.
THE CHRONICLE.
1268
cently in Seattle discussing plans for the formation of a Pacific Coast lumber combine to control the entire output of
lumber of the Coast mills.
Nicaragua Canal.— New Hepburn Bill.— Representative
Hepburn of Iowa n whose Isthmian Canal bill, passed last year,
introduced in the House at Washington on Dec.
a new
measure, following the lines of last year's bill, but appropriating $130,000,000, instead of $140,000,* 00 for the construction
of the canal, $10,000,000 to be available at once. On Tuesday
Senator Morgan introduced a bill appropriating in the aggregate $180,000,000 for the construction of the Nicaraguan
Canal, $5,000,000 to be immediately available.
Report of Commission. —The report of the Isthmian Canal
Commission decides, as stated last week, that "the most practicable and feasible route for an Isthmian canal, to be under
the control, management, and ownership of the United States,
is that known as the Nicaragua route."
Other statements
from the report follow
The total cost of construction of the canal through Nloaratcua Is
:
estimated at $189,864,062; via the Panama route at $144,233,358;
but it would cost $109,141,000 to obtain the Panama concession; the
work done on the Panama Canal Is valued by the commission at $40,000,000. The Panama route permits a sea-level canal; the Nicaragua
route must be by looks, but Lake Nicaragua will furnish an inexhaustible supply of water. The Nloaragua route has no natural harbors but
satisfactory harbors can be constructed. The Nloaragua Canal It is
believed can be oompleted in six years, exclusive of two years for
preparation; the Panama Canal in ten years.
The total length of the Nloaragua route Is 18566 miles, and of the
Panama route 4909 miles. The oostof operating and maintaining the
Nicaragua Canal annually, it is estimated, will be $1,350,000 greater
than that of the Panama Canal. A deeo draught vessel it is believed
would pass through the Panama Canal In 12 hours; through the Nloaragua Canal In 33 hours.
The Nicaragua route is more advantageous for commerce, save that
originating on the west coast of South America. For the Gulf ports
the advantage is two days, and for most of the ports on the Atlantio
and Paciflo one day. The Nicaragua route is better for sailing vessels
and also superior as to hygienic conditions.
Compare also last year's report, given at considerable length
in V. 71, p. 1169, 1170.— V. 73, p. 1211, 1114.
Oshkosh (Wis.) Electric Light & Power Co.— Receiver's
Seaman on Dec. 2 authorized Receiver
A. R. E. Thompson to issue $60,000 receiver's certificates to
remodel the plant and place 350 new arc lamps throughout
the city in order to meet the competition of the Oahkosh Gas
Certificates.— Judge
Light Co.— V.
73, p. 1064.
[The] Page Woven Wire Fence Co. (Adrian, Mich.)-Jncorporated in New Jersey. This company has been incorporated under the laws of New Jersey with $6,000,000 authorized capital stock, of which $5,000,000 is preferred 7 per
cent non- cumulative. The Michigan corporation of the same
name recently increased its capital stock from $240,000 to
$1,000,000.-7. 72, p. 286; V. 71, p. 290.
Pittsburg Coal Co.— Officers Resign.
Frank M. Osborne, President, and C. W. Baine, Secretary and Auditor,
have tendered their resignations to take effect on Jan. 1.
Treasurer U. A. Andrews, it seems, resigned some time ago.
—
[Vol. LXXIII.
"We And in our Chicago plant a reduction of 25 per cent in the expense of labor alone below that of the methods heretofore employed.
The reduction in the expenses of the New York plant, with Its present
antiquated methods, wUl be considerably greater."- V. 78, p. 856.
Sloss Sheffield Steel & Iroa Co.— Earnings.— The results
for the three months ending Nov. 30 (November estimated)
were: Earnings from operation, $240,841; deductions for depreciation and charges to extraordinary repair and renewal
fund and proportion of insurance, $40,779; net earnings,
$200,062, applicable as follows:
3 mos. end.
Net
Bond
Prop, of
Pre/.
Balance,
Nov. 30.
1901
1900
The
earnings.
interest.
taxes.
dividend.
surplus.
$200,062
203,092
$50,644
50,644
$6,825
6,825
$114,000
114,000
$28,593
31,623
on Nov.
total surplus
30, 1901,
was $483,900.— V.
72,
p. 1191, 779, 774.
Standard Shoe Machinery Co.— Receiver.— Vice- Chancellor
of
Pitney has appointed a receiver for the company in the suit
Benjamin R. Jones and other creditors.—V. 73, p. 856, 240.
Street's Western Stable Car Line.— Status.— President
Louis Eckstein
is quoted as saying;
In addition to retiring $70,000 of our bonded Indebtedness this year,
which is the largest amount ever taken up in a similar period, and
leaves only $325,000 outstanding, we will have met all interest and
dividends and carry forward a much larger surplus than in 1900.
The surplus for dividends from operations for the year
1900 was $161,996, against $156,744 in 1899; dividends paid in
each year, $131,079.— V. 68, p. 430.
Swift
& Co.— Subscriptions Payable by Feb.
scriptions for the new issue of stock
must be paid in full on or before Feb.
3, 1002.— Submentioned last week
3,
1902 [not 1903].— V.
73, p. 1212.
Syracnse (N. Y.) Gas Co.— Exchange of Stock.— See Syracuse Lighting Co. below.— V. 70, p. 433.
Syracuse (N. Y.) Lighting Co.— Exchange.—The recent
increase in the common stock from $1,500,000 to $3,000,000
(the $1,000,000 preferred remaining unchanged) was made in
order to acquire $1,500,000 of the $1,975,000 stock of the Syracuse Gas Co. share for share. The latter has outstanding
$1,827,000 first mortgage gold 5s due in 1946 ($2,500,000
authorized) and in 1900 had net earnings of $93,714. The
Lighting Company has issued $2,000,000 first mortgage gold
5s (total authorized, $2,500,000) and in 1900 had net earnings
of $133,907. The corporate existence of the Gas Company
will be maintained and its stock so acquired will be pledged
under the Lighting Company's mortgage. Redmond, Kerr <fc
Co. are the fiscal agents of the latter company, which now
controls the entire gas and electric light and power business
of Syracuse, and is paying 5 per cent per annum on its preferred stock.—V. 73, p. 1212, 621.
—
Cnion Steel Co. of Pittsburg.— Iron Mine Acquired.— The
Donora Mining Co. of Duluth, controlled by the Union Steel
Co., has acquired the Volunteer Mine from ex-Secretary of
War Alger.— V. 73, p. 856, 36.
-V. 73, p. 447.
United (Jas & Electric Co.— Incorporated.—This company
Quaker Oats Co.— Status.— The "Cleveland Finance" was incorporated in New Jersey on Dec. 9, with $4,000,000
quotes Will Christy, one of the large stockholders, as saying: of authorized capital stock. Incorporators John D. FearThe organization will be oompleted in a short time. The majority of ake, Frank B. Pierce and Edward P. Meeker.
Principal
:
the stock of the Amerioan Cereal Co. has already been turned in,
and it is useless for the holders of the minority stook to hold out, as
they will eventually have to come Into the new organization.— V. 73.'
p. 964, 680.
Red Jacket Coal & Coke Co.— Consolidation.—This company, organized under the laws of Virginia with $2,400,000
capital stock, of which half is 6 per cent cumulative preferred, has acquired the Red Jacket, Logan, Rutherford,
Lick Fork and Maritime Mines, controlling 6,000 acres of
land, with a capacity of 1,000,000 tons a year. R. M. Gilbert, No. 18 West 53d St., New York City, is President, and
H. D. Lafferty of Roanoke, Va., Vice-President and Treasurer. President Gilbert, in a letter confirming the above
statement, says:
No bonds or debts of any kind. Mines all running and equipped
with latest electrical appliances. Fine stock of goods at all the stores.
Large amount of personal property and ample working capital.
Republic Iron & Steel Co.— New Director- Earnings.—
L. C. Hanna, of the firm of M. A. Hanna & Co.. Cleveland,
was recently elected a member of the Board of Directors, to
succeed William Barrett Ridgely, now Controller of the Currency. President Thompson is quoted as saying that since
July 1 the earnings have been in excess of the requirements
for the preference dividends.—V. 73, p. 555, 552, 4y6.
Safety Car Heating & Lighting Co.— New President.—
Colonel Robert Andrews, recently Vice-President, has been
elected President, to succeed Colonel Arthur W. Soper, deceased. A. C. Soper is now a director. V. 73, p. 447, 394.
—
Regis Paper Co.— Bonds.— The company has made a
mortgage to the Colonial Trust Co. as trustee to secure
an issue of 6 per cent gold bonds, dated Dec. 1, 1901, and due
Dec. 1, 1921, but subject to call aB an entire issue at par on or
after Dec. 1, 1911. Of the capital stock, $660,000 of the $700,000 common and $840,000 of the $900,000 6 p. c. cumulative
St.
preferred is outstanding. The company commenced making
paper July 31, 1901, and is now making 80 tons a day. This
will be increased to 100 tons as soon as defects in machinery
are remedied. See officers in V. 73, p. 1014.
—
Corporation Trust Co. building, Jersey City.
office,
—
Virginia-Carolina Chemical Co.— Subsidiary Company.
& Manufacturing Co., it seems, increased its capital stock on July 15 from $1,000,000 to $3,000,-
The Charleston Mining
$1,000,000 stock, $940,000 was owned by the
company (See V. 72, p. 1186).— V. 73, p. 295, 240.
Western Union Telegraph Co.— Quarterly.— Earnings for
the quarter and the six months ending Dec. 31 were:
Of the
000.
parent
3 mos. ending
Dec. 31.
Net
Interest
Dividends
Balance,
revenue.
charge.
paid.
surplus.
1901 (est.)
$388,995
$1,850,000
$244,000
$1,217,005
1900 (actual).... 1,712,831
239,040
256,791
1,217,000
—
6 months
1901 (est.)
$882,266
$483,040
$2,434,010
$3,799,316
1900 (actual)
506,506
3,418,587
478.080
2,434,001
Total surplus (estimated) Dec. 31, 1901, $10,201,552. The
regular 1 \i per cent
794, 782, 555.
dividend
is
payable Jan.
15.
—V.
73,
p
Young, Smyth, Field & Co. of Philadelphia.— IncorporaThis Philadelphia wholesale dry goods house has
decided to become a corporation and proposes to issue $1,000,000 each of 6 per cent cumulative preferred stock and of
common stock, 20 per cent of the latter to go to the subtion.
—
scribers to the preferred stock. The stock, it is stated, has
been substantially underwritten, but patrons of the house
will be allowed to acquire shares.
—Henry D. Sturtevant and Charles G. Smith were on Nov.
admitted to membership'in the firm of Couneelman & Day,
the well-known Chicago stock and grain brokers. Mr. Sturtevant has been with Counselman & Day for sixteen years
in their Chicago office, and Mr. Smith for about the same
length of time in charge of their New York office at 52
1
Broadway.
N. W. Halsey & Co., 49 Wall
—
Street, advertise, on page x,
of investment bonds, made up mainly of high-grade
railroad issues, which they offer, subject to sale. Prices and
details will be sent on application. Mr. Halsey's long experience in the handling of investment securities is [an assurance of the character of investments recommended by his
firm.
a
list
Schwarzchild & Sulzberger Co.— Modern Packing House.
—This company, which has recently reconstructed its Chicago plant, will, it is announced, expend a large sum ($950,000, it is said) in rebuilding its New York plant and equipping it with all labor-saving devices. General Manager
The American Loan & Trust Co., Boston, have issued a
Matchette is quoted as saying:
small folder containing suggestions for the transfer of stock.
—
December
THE CHKONICLK
14, 1901. J
1269
COTTON.
f
(Etommtvcuxl £imzs.
xjc
COMMERCIAL EPITOME.
Friday Night. Dec. 13. 1901.
In many lines of trade business for the past week has been
very moderate. The near approach of the holiday season,
coupled with the hardening of money rates, has had a deterring influence with buyers, they showing a more pronounced disposition to confine purchases to euch supplies as
have been needed to meet well denned wants. Despite, however, the temporary lull in business the general feelirjg seems
to be confident as to the future, with prices for
articles holding steady to firm.
The trading
most staple
in the specula
market has continued fairly active. Cotton values have
further improved, but there has been a reaction in grain
prices.
Washington advices report that the Senate will vote
tive
on the Canal Treaty on Monday.
Lard on the spot has had only a small sale, as both exporters and the home trade have been light buyers. Prices,
however, have been well maintained, and the close was steady
at 10'15c. for prime Western and 9-75@l0c. for prime City.
Refined lard has sold slowly, demand being limited to an occasional small order, but prices have held steady, c losing at
Speculation in lard
for future delivery has been fairly active.
Shorts have
bought to cover contracts, and this has held prices fairly
10"25c.
for refined for the Continent.
Friday Niuut. December 13, 1901.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below, For the week ending
this evening the total reoelpts have reaohed 304,63tf bales,
igainst 322,001 bales last week and 821,481 bales the previous
week, making the total reoelpts slnoe the 1st of Sept., 1901,
1,014,584 bales, against 3,986,756 bales for the same period of
1900, showing an increase slnoe Sept. 1 1901, of 27,828 bales.
,
ktetipli
at—
Sat.
Sat.
1002
Hon. Vuet. Wed.
10-22 10*25 10-22
Tkun.
10 25
Frx
been quiet but steady at 7@7^c. for pickled shoulders, 9%@
10%c. for pickled hams and 8%@9>£c. for pickled bellies,
14@10 lbs. average. Beef has been dull but steady at $9@10
for mess, $10@11 50 for packet, $11@12 50 for family and $17
@18 25 for extra India mess in tcs. Tallow has been in limited demand and steady at 5^@6c. Stearines have advanced, closing at ll@ll}£c. for lard stearine and 10>£@llc.
for oleo stearine.
Cotton-seed oil has been firm and
higher, closing at 40J^'§41c. for prime yellow. Butter has
been in larg er supply and weaker, closing at 15@24c. for
creamery. Cheese has been in fair demand and firm at
7@llc. for State factory, full cream. Fresh eggs have been
firmer, closiDg at 28c. for choice Western.
Brazil grades of coffee have been in slightly better demand
and there has been a better tone to the market. Advices
from primal markets have been stronger and there has been
a gradual decrease in the crop movement. The close was
firm, with Rio No. 7 at 6%c. West India growths have been
quiet but steady at 9c. for good Cucuta. East India growths
have been firm. Speculation in the market for contracts has
been on a limited scale only, but at the close prices advanced
on firmer foreign advices. Following are the olosiDg asked
prices:
Deo
Jan
March
6-70o.
6-750.
6 95c.
Raw sugars have
May
715o.
Aug
June
7-25o.
7-35o.
Bept
July
Oct
7'45o.
7*500.
7-55o.
been in moderate demand and steady at
3%c. for centrifugals, 96 degrees test, and 3 9-32c. for muscovado, 89-deg. test. Refined sugar has been quiet but steady
at 4'90c. for granulated. Other staple groceries have been
steady to firm.
Kentucky tobacco has been firm but quiet, and advices
from interior markets reported prices firm. Seed leaf tobacco has had only a limited sale, but prices have held
steady. Sales for the week were 1,000 cases, as follows : 500
cases 1900 crop, Wisoonsin Havana, 17J^c, and 500 o*ses
1900 crop, Zimmers, 13@15c. Foreign tobacco has been quiet
and unchanged.
Business in the market for Straits tin has been quiet, and
there has been a further decline in prices. The close, however, was steadier at 24-85@25'12}£o. Ingot copper has declined to 15^@15^c. for Lake, with a moderate business
transacted at the lower prices. Lead has been quiet but
steady at 4-37^o. Spelter has advanced to 4-45c. Pig iron
has been in moderate demand and steady at $13@ 16.
Refined petroleum has been weaker, closing quiet at 7 -35c.
in bbls., 8 # 45c. in cases and 4 80c. in bulk. Naphtha has been
unchanged at 9'05c. Credit balances have declined to $1 20.
Spirits of turpentine has been steadier, closing at 37%@38}i'c.
Rosins have been quiet but steady at $1 60 for oommon and
good strained. Wool has been in moderate demand and has
sold at firm prices. Hops have been quiet and unchanged.
94.875
2,487
92,102
6,625
4,060
46,889
6,723
15,934
183
8,626
27
15,843
1,063
8,775
2,866
2,287
3S5
The following shows the week's total reoelpts, the total slnoe
and the stock to-night, compared with last year.
•iept.l, 1901,
Receipts to
Dee. 13.
10-20
Pork has had a moderate jobbing sale locally, and prices
have been steady at $16 25@17 25 for mess, $17 50@18 00 for
family and $18 25@19 75 for short clear. Cut meats have
Total
I
week 38,032 44,807 70,C67 47,239 39,057 61,837 304,639
Tot. this
1901.
Deoember
fri.
Jalveston
13,374 15,584 24,471 12,448 12,650 16,348
Sab. Pass, Ao.
2,487
Mew Orleans... 11,032 10,957 25,420 18,612 14,363 11,718
841 1,220 2,420 1,448
431
270
Mobile
Pensaoola, <ko.
4,060
9,351
lavannah
6,679 7,121
7,731
5,334 10,573
BranBw'k.Ao.
6.723
3,201
Jharleston
1,140 5,717
1^595 1,876 2,405
183
Ft. Royal, Ao.
1,710 3,376 1,214
1,737
1,589
Wilmington
27
Wash'ton.Ao.
3,012 1,902 4,012 2,780
1,439
8,698
Norfolk
1,063
N'p't News. Ao.
523
384
131
754 1,325
658
New York
158
656
788
477
203
588
Boston....
2,287
Baltimore
54
108
38
125
Phlladel'a, Ac.
steady.
DAILY 0LO81NO P&IOKS OF LABI) FUTURES.
Tkun.
Wed.
Tuei.
Mori.
TMt
1900.
This
week.
Since Sep.
1, 1901.
week.
Stock.
Since Sep.
1, 1900.
Galveston... 94,875 1,152,830 100,603 1,068,607
Sab. P., Ac.
25,810
2,487
3,253
16,015
srew Orleans 92,102 1,109,000 99,204 1,313,377
6,625
P'saoola, Ao.
4,060
Savannah... 46,839
Br'wlok.Ao.
6,723
Charleston.. 15,934
P.Royal.Ao.
183
Wilmington.
8,626
104,046
83,694
698,037
83,398
163,380
27
293
15,843
1,063
3,775
2,865
2,287
247,161
9.870
56,519
42,147
38,753
11,564
Mobile
Wash'n, Ao.
eTorf oik
N*portN.,Ao
New
York...
Boston
Baltimore
.
932
187,145
8,426
18
16,456
2,563
5,984
10,154
3,553
1900.
220,908
236,155
302,554
30,034
843,925
38.421
130,854
5,470
24,732
122,557
8,096
18,751
18,117
15,254
35,416
426
229.841
22,953
28,321
94,968
20,305
101,778
45,000
10,739
9,255
3,838
40.083
8,362
61,721
48,000
12,578
4,753
£04,639 4,014.584 311,716 8,986.756
930,537
958.636
325
Philadel.Ao.
Totals
89,603
51,975
619,143
52.884
169,458
388
199,221
10,216
2,299
37,668
6,062
4,790
1901.
517
1,147
In order that comparison may be made with other years,
totals at leading ports for six seasons.
we give below the
Keceiptt
at—
1900.
1901.
1899.
Mobile
Savannah...
Ohas'ton, Ao.
Wllm'ton.Ac
Norfolk
97,362
92,102
6,625
46,839
16,117
8.653
15,843
N. News, Ao.
All others...
1,063
20,035
104,297
99,204
10,216
37,668
4,790
8,003
16,456
2,563
28,519
wk. 304,639
311,716
Gralves'n.Ao.
New Orleans
rot. this
1896.
1897.
1898.
87,652
119,583
18,305
59,208
21,40b
15,421
31,180
76,909
100,080
17,611
43,978
17,828
11,119
34,997
649
349
31,655
35,719
1,185
23,968
389,275
327,175
116,008
94,309
7,310
35,387
13,062
10,394
30,099
68,212
63,845
9,024
36,699
5,620
11.886
13,880
324
19.083
228,573
338,878
Slnoe Sept. 1 4014,584 3986,756 3523,949 5141.042 4899.039 4426,516
The exports
for the week ending this evening reaoh a total
226,926 bales, of whioh 96,802 were to Great Britain, 23,133
to France and 107,492 to the rest of the Continent,
Below
are the exports for the week and sinoe Sept , 1 1 901
jf
.
from Sin
Wtth Mnitnt Dec. 18, 1901
Mxporttd to—
Bxjort*
'rota—
artmt
France
Brtt'n.
12,831
28,797
88,132
36,728
7.704
861
1,200
6,001
41,678
54,098
7 385
1,564
64.982
Sramwlok
5.010
••••••
Jharleiton....
Port Royal....
8.708
16,324
5,018
26,030
......
......
Wilmington...
Norfolk
N'portN.,
Ac
Baltimore
Philadelphia..
Ian Fran.,
......
Total. 1900
..
8,617
84,287
277.021
13.984
20.868
62,019
83,953
85.878
8.831
1.000
76.219
26,il6
400
17,474
618
3,110
9,398
17,1
6 556
5.665
28,132 107.102
U8.au
8,867
1,700
27,040
274.756
15,767
8,770
2
2,001
111 246
88.60))
140.63s
48,690
8,166
88.819
1,7(30
98.802
83,645
266.707
7.589
Oi
6,141
610
432.120 179,400
7,050
361.279 140.368
Continent.
16,712
138,768
5.308
6,890
10,867
9,896
Ac
Total
1001, to Dee. 18. 1001
Bruit
Conti- lotal
France
nent. W*4k. Britain.
jab. Past, Ao..
New Orleani.. 28.172
Mobile
7,366
1,
Sxporttd to—
90u
800
41.457
least,
873.236
15.518
779.403
49,412
71.596
411,699
64,091
61,937
169,320
9.231
15.712
241,666
76.110
43,060
8,616
41,457
1,143.333 360.003 1,167,763 2.091.009
56,134 176.716 1,467.982 jia.iu? 1.028.207
i>.;>o<3.«7a
THE CHKONICLK.
1270
LXXUl.
[Vol.
Futubkb.— Highest, lowestand closing prlcet&t >e* York.
In addition to above exports, our telegrams to-nighi also
give us the following amounts of ootton on shipboard, not
We add similar figures for
oleared, at the ports named.
Mew York, whlon are prepared for our special use by Messrs.
Lambert & Barrows, Produoe Exchange Building.
OH SHIPBOARD, HOT CLEARED FOB—
Dec. 13 at—
Leaving
Great
GerOther VoastBritain tr'nce many. For'gn V)\Kt.
ilor.k.
Total.
ocan
OCO0
ocao
ccao
00
ill'?"?
COCD
66
6© •4
6©
©C
©6
6©
©o
©o
©*©*CO
©to aoco
©W
IJ -1
•
New
2,688
6,263
57,870
87,482
16,250
1,777
4,777
6,000
19,000
7,850
31,000
244,684
133,426
114,604
19,955
24,034
16,416
93,928
53,311
Total 1901.. 108,141 27,665 39,685 27,510 27,228 230,229
700,358
Orleans
Galveston
19,166 12.379
59,875 15,286
Savannah
400
700
Charleston .
Mobile
Norfolk
New York...
Other ports
.
9,934 13.703
3,291 2,767
13,460 2,390
2,300
6,000
16,500
2..100
5,500
14,000
2,350
4,000
13.000
o
9
I
l
l
o
1
I
l
9
1
74,928 27.243 52,431 34.618 22,569 211,789
63,795
27,205 176,385
62,290 23,195
746,847
951,820
I
Speculation in cotton for future delivery has been fairly
active and there has been a gradual improvement in price s.
Buying has been fairly general,' speculative Wall Street, the
South, the West, all coming in the market, and a large spotcotton house was a good buyer early in the week. As prices
improved there developed fairly free selling Jjby longs to
realize profits, and at times there was considerable aggressive
selling by the leading bear interests; nevertheless, there was
sufficient force to the buying power to absorb the offerings
and gradually carry prices higher. The movement of the
crop for the week has been moderately full, but it has had no
pronounced influence against values. The advices received
from the European markets indicate that Continental spinners have accepted tbe Bureau's figures and have been better
buyere, but that the English cotton interests as a rule have
been against the market. To day there was an unsettled
maris et, closing steadier on a smaller in-sight movement for
the week than was generally expected. Final prices were
steady at 1 point advance to 2 points decline. Cotton on the
spot has advanced, closing steady at 8^c. for middling up
I
I
I
I
or ao
©to
too
cow
00 00
06 OD
c©
w>co
<
I
I
9
I
I
I
I
I
I
I
I
I
9
I
I
I
9
I
I
I
middling
may
Fair
Middling Fair
Strict Good Middling
Good Middling
Strict Low Middling
Low Middling
Strict Good Ordinary
Good Ordinary
0-50 on
I
Mat.
Good Ordinary
737
Low Middling.... ..
7-99
8*37
8-69
Middling
Good Middling
Middling Fair
GULF.
Good Ordinary.
Low Middling..
Middling
Good Middling.
Middling Fair..
Middling Tinged...
7-50
8-12
750
850
8-82
930
930
Sat.
Won
Tuet!
Wee
762
7-75
7-75
8-24
837
875
907
7-75
8-37
875
8
862
8-94
942
Low Middling..—
Low
812
917
6-87
7-87
Good Middling Tinged
7-50
850
882
930
Sat.
Utriot
750
812
850
8-nO
8-82
STAINED.
Middling
HIok Tuet Wetl Tbi
9-55
Iff
803
8
37
930
Tfe.„
Fri.
7-75
8-37
8 75
8-82
9 07
907
955
9-55
7-75
8-37
8-75
9-07
9-55
Wed
Tb-
837
on Toes
75
700
7 00
7
8
00
8 00
8-16
8-50
8-00
8-16
8-50
8-CO
8-16
8-50
8-16
8-50
Fotdkes
Mabket
Closed
yalet at lie adv. Firm
Quiet at x e adv, Steady
Tuesday .. Quiet
B'rly steady.
Wednesday Quiet
Firm
Thursday . (inlet.
Quiet A st'dy
Friday
Quiet.
Quiet Ast'dy
Saturday
Sales ok Spot
00
Ex-
Oon-
Oon-
sump.
traet.
at
o-or
i-"—
oroo
H"t—
ccco
crao
ocao
oroo
HH
HH 6 —
t-M h-c ec©
<Z"i
6>—
-*iao
ooao
100
1,200
1,300
65
100
700
165
;oo
257
4,900
1 117
ol
'
c
©o
ft
<»
i
ft
i
9
c
I
ocao
aox
©•QCCO
—
© P-
a. oo
oooo
ooao
Cr.
OCX
©CO
9
9
9
00 00
oroo
00 OD
ocao
C CD
to to
to to
.
K-.
K. tO
ooao
OCOO
00 OD
OD
oooo
tOM
tOM
»-©
K
ooao
tote
HK.
MtO
oooo
h-tO
tv CO
if-©
U. U>
tit-
©CO
oooc
oooo
Or 00
ocao
arao
too
M~J
tO"
I-©
to©
- J
ICh-
to©
H-M
l-M
a oo
K ti
1
1
oroo
9
«
ooao
OCOD
toe
to to
u>
tCtO
—
OO
©M H©to
aoo
C H"
e
OCOO
ceo
too>
oroo
wco
•
OOOC
K
M
9
9
9
CCOj
oooo
OOOO
00
u
i.r.
to to
cc~j
i
r
©co
i
Ca.
*.
1
1-
©
9
1
h-0>
»-o>
9
9
a
e.
a
9
OCOO
oooo
ocao
tots
ooao
oooo
oo
K tO
COM
tc to
re
i
I
9
9
1
to
oooo
9
I
9
i
to
to
l-^"-1
9
•-j
1
I*
M
1
OD
©
w
t-
9
a
19
ao
oo
00
o
©
H
.
'
—
9
ooao
tOl—
to
9
c
to to
00
o
to
©
w
9
to to
to en
to-^-
CO
ao
1
— to
x^
-c
OCOO
*-
9
to to
tOOi
tOi-"
CO
— I-
to to
OCOO
-
.
to to
IC
tO—
to©
to to
to to
9
aoos
OCOO
1
!
oooc
HO
^
CO 00
OCOD
QCCO
to
toe
arc
- c
00 00
l>J
id»
HC«
9
T
I
©
*-tO
or oo
MtO
9
9
a od
oroo
©ti
©CO
I
I
»©
91919
9
oooo
9
9
to
=
»5
9
00
tO tO
cc to
00
00
6
tO
©
w
9
9
00
to
to
and telegraph,
is
as follows.
Foreign stocks, as well
1901.
1900.
594,000
7,000
601,000
13,000
126,000
508,000
15,000
523,000
15,000
165,000
1899.
1898.
725,0001,158.000
2,000
5.000
727,000 1,163,000
16,000
13,000
201,000 279,000
•
American—
Liverpool stook
Continental stooks
509,000
2h4.000
American afloat for Europe... 852,000
United States stook
930,587
United States interior stooks. 695,416
United States exports to-day..
57,391
..bales.
Total Amerloan
Mast Indian. Bratil,
Liverpool stook
442.000 629.000 1,059 000
320.000 536,000 522.000
743,000 454,000 908.O00
958,636 1,128,205 1,331,534
743,035
817,391 718.080
26,923
42,017
84,043
.-..3,338,394 3,233,594 3,606,613 4,622,662
Ac—
Londonstock
85,000
7.000
36,000
11,000
51.000
186.000
106,000
'
Continental stooks.... ........
India afloat for Europe
Egypt. Braall, Ac., afloat
8took in Alexandria. Egypt...
Stook in Bombay, India
fo.
2,900
oooo
to to
A
I
©to
Total East India,
Total Amerloan
2,900
co
© c»
MM
ac *-
9
:
Ao
66,000
15,000
27,200
41,000
72,000
It 6,000
184,000
96,000
2,000
31,300
6,000
81,000
172,000
226,000
99,000
5.000
48.200
21,000
53,000
211,000
183,000
482,000 561,200 614,300 620,200
3,338,394 3,233,594 3,606,613 4,622,662
18101 * supply
3,820,394 8,794,794 4,220,913 5,242,862
^.^? tal IUpland,
Middling
4i9 3 od,
Liverpool..
53gd.
3 isd.
4%d.
Middling Upland, New York..
8^.
7" 16 o.
SlSjgO.
100.
Egypt Good Brown, Liverpool 5iB 16 d.
7i4d.
7d.
5»4d.
Peruv. Rough Good, Liverpool
7d.
738d.
73sd.
63id.
..
92
<r'j>
ooao
to to
»9
f
Uoktbji
port.
Monday
Total.
&
— ke
r. 11
I
Total Great Britain stook.
dtook at Hamburg
Stook at Bremen
Stook at Amsterdam...
2.000
1.000
Stook at Rotterdam
200
300
200
Stook at Antwerp
3,000
5,000
5,000
7.000
Stook at Havre
107,000
84,000
221,000
187,000
Stook at Marseilles............
2,000
2,000
4,000
4,000
Stock at Barcelona
52,000
37,000
69,000
30,000
Stook at Genoa
25,000
36,000
44,000
39.000
Stock at Trieste
2,000
3,000
5.000
10.000
Total Continental stocks
330,0 00 347.200
567,300
570,200
Tetal European stocks.... 931,000 870,200 1,^94,300 1,733.200
India ootton afloat for Europe
1 1.000
41.00C
6.000
21,000
Amer.oottonafloatforB'rope. 852,000 743,000 454,000 908,000
Egypt.Brazil,<feo. aflt.forE'pe
51.000
72000
53.000
81.000
Stock in Alexandria, Egypt... 186,000 156,000 172,000 211.000
Stock In Bombay, India
106,000 184,000 226.0O0 183.000
Stock in United States ports.. 930 587 958,636 1,128,205 1,331 534
Stook in D. 8. interior towns.
695,416 743,035 817,391
718,080
United States exports to-day..
57.391
26, )23
42.017
84.048
Total visible supply
3,820,394 3,79 1,794 4,220.913 5,24^,862
Of the above, totals of American and other descriptions are as follows
The quotations for middling upland at New York on
Dec. 13 for each of the past 32 years have been as follows,
1877....0.117 18
1901. ...o. *-50 1893. ...0. 7l5ie 1885. ...0. 9V4
1884
10 7a
1876
1892
1900
9*a
12H
9's
135 16
1883
1875
10m
7" lfl 1891
8iie
1899
I4J4
103«
1882
513
938
1874
1890
1898
16
1881.
lliSie 1873
1889
5*8
1897
10H
16M
1978
1880
ll's
1872
1896
1888
9 78
73s
128*
109 16
&9 16
1879
1871
1887
1895
201a
813 16 1870
9*3
1878
1894
5Hi8 1886
15k
Note.— On Oot. 1, 1874, grades of ootton as quoted were ohangea.
Aeoordingto the new olasslfloatlon Middling was on that day quoted
sgo. lower than Middling of the old classification.
MARKET AND SALES,
The total sales of ootton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add oolumns which show
at a glance how the market for spots and futures closed on
same days.
Spot Mabkbt
Closed.
1- »o
ocao
Qtoofe at London...............
Fri
700
00 00
oc 00
dtook at Liverpool. .....bales.
9-65
700
ocao
or 00
00 QD
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
(Dec. 13), we add the item of exports from the United States,
Including in it the exports of Friday only.
W07
8-00
8-16
8-50
ocao
9
croc
H-tO
ac<]
I
tiable
Fri
7-50
8-12
8-50
8-82
9-30
8-12
^JCO
c-.
Middling Tinged.... 006 off
Middling Tinged
012 off
Strict Low Mid. Tinged... 034 off
Middling Stained
050 off
Strict Low Mid. Stained... 106 off
1-50 off
Low Middling Stained
On this basis the official prioes for a few ox cue ginQtb for
the past week Dec. 7 to Dec. 13— would be as follows.
UPLANDS.
—
9
to
to
to
©
»
00
o«
The Visible bDPPLY of Cotton to-nignt, as made up oy
Strict
032 on
014 off
038 off
072 off
100 off
OCOD
H
a©
cr
h-tO
00
be delivered on contract, are as follows
o. 1*14 on
Good Middling Tinged
Even
0-80 on Strict Good Mid. Tinged.c. 0-20 on
OC OD
•
9
1
CD
9
00
M—
•"•
00 on
- 1—
lands.
I
>" H
©©
©o
'~Z~i
M—
©©
cn«->
Tbe rates on and off middling, as established Nov. 20. 1901
by the Revision Committee, at whiob grades other than
toe*
oox>
9
I
good
o~-
©O
ooao
I
or.cr
1^6
c©
?!
aox
arcs
ocao
OG>
OOOO
I
w©
99
©~i
c
9
oooo
I
0000
:
3
ocao
OC©
9
I
1-"
I
or 00
oroo
I
9
-
'
1;
-i-j
I
I
ocao
00
H-l-*
a
9
!
9
e-J
^>t0
©*>•
I
(BIZ)
1
©^
h-to
ocao
!
•z
9
9
I
00 ©©
9
l
I
a
1
-a -1
00 00
Total 1900..
Total 1899.
J
>
I
Cr
'
92
Broftoh Fine, Liverpool.......
Tlnnevelly Good, Liverpool. .
'
49 3 2d.
4 *sd.
5iii 6 d.
53 16
d
43gd.
43 16 d.
3B 16 d.
31 16 d.
I»ote.—In consequence of interruption of .oable communication, the
Continental stocks, stocks at Alexandria and Bombay and India and
Egyptian afloat for 1901 are last week's flguree.
December
14,
THE CHRONICLE.
1901.]
At the Intebiob Towns the movement— that is the receipts
since September 1, the shipments for the
to-night, and the same items for the
stocks
the
and
week
oorresponding period of 1900— is set ont in detail below.
for the
week and
tie
Quotations VOB Middling Cotton at Other Markets.—
Below tre dosing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Week ending
2s
I>,c
13
B
New Orleans
:
H
a?
Mobile
Bavannah..
Charleston
Wilmington.;
Norfolk
Boston
Baltimore
O
<»
CLOSING yUOTATIOHS FOH MIDDLING COTTOM
Man.
Satur.
Galveston...
o »-
1271
7 'a
7*
7*
7\
£
X
*:
~OB
°2
t<l"
o:
o
o
I
'6
.
25£o
2^P
St.
asooi*
cdi-'O'OO'
Cincinnati
uim^ih' maowK>cj<co^co~JCx©we~jaoaDoccDao*-ai>-'»ot<i©ao
*.«»>-'• ou><ji>)OtD<xiwoo<<oeHHHt90via)t9 0t3atcoi^
>lwtD
C5-JCe^
^~JC003pf C0^»O
W W CX CO CO CO *• N) CO &C en to
fej
l
oo
H»;
co
to
©fo^to^wtoi-' ojmwmoomhoombijim
comco
"*00 Oo"c35 CO
t0% *1 C0"C0 00 •4^ ©**J O CO t^COl^OO^COrOtOi^i^CRC^©
O^Cn-j! ^tO-10DO»CnQD*kt- i^l^WOOQDODODCO»3C5CDOOW»)CO^-©
0500*
•
•
050*0' W tS Cn -J o *» Oi ** CO 00 10 © W
OIHKHHtC
M
,_
,_
CO
*toco>-; H"CDao*k~)©w^>
epeoco*
loVj'-j'cOOOCo'i-lo a"'
i-"
Oft
«J
7 78
7 '8
8%
7'8
7°8
8
8»«
8
8»*
7« 16
8ie
7»ia
7«ie
73»
7'e
75
7*
n
7 "16
71S„
" a ia
7^8
7*4
71 'l6
III
77e
7 7«
7'a
7 78
7'«
7*
7%
8
8
8>«
8Vi
Vjt
8>4
89»
8
8%
8*ll8
7^ 18
8%
8>«
8
T>*
8
7 7a
8
Bit
8»4
H\
8\
8i*
7 lB xe
7 78
71--18
7 78
8
8
B>|
8»«
7^8
7?e
7'8
8
7»x «
7»xe
8V,
8>4
HH
She
7«ie
The closing quotations to-day (Friday) at other important
Louisville
:
.
.
Athens
8
Atlanta
Charlotte
7i'*
Columbus.Mlss
Eufaula
Little Rook...
Montgomery...
16
7°8
Columbus Ga
7^
7%
Nashville
7\
Natohea
713 18
7>a
7 9 ia
Raleigh
Shreveport
Weather Reports by Telegraph. — Our
advices
7\
7\
this
* -J 0> 00 *.
I-"
HHIfcMtO
«"
>-<
M tO
* to
J^J ^" CO 00 © CO M oc *»
V 05 CO CO ?- »0 CO 05 * * w"c ©O "o
0DCX*O5*CO^J*
)~J
evening by telegraph indicate that the weather has been
Rain has been quite
fairly favorable during the week.
* * 10 tO © CO CO -J W CO O *
-- CD fO to CD
W
general, but except in portions of the Southwest
5
to loll- OS CC "to
^^Mr'CnCOl->C»05! C6C0tO»J©05Cn'»CJ'O't0C0C0t-'©Ct-<05C^*~J
00
7
8»«
7
Fri.
,
,
l
W
7%
.
8
Thurs.
Southern markets were as follows.
(->
OOCDOOOOOC^OCOtOOCOO-J O^-l W K) K>^ W 00 CD 00 0C C*jU OD 05 Jp-^
Ve'lOCIiWo
CO W 00 1o ac 05 V COi* 00 *-~M>-'~JGO*'-'*-5D SD-l©«0
«l00505'^C?iaDO'OOCO~30lf».CO
J <»«IOOHifcOOOtOffl
C6l^Oa^
Maooo^p-cou>cowk5eooiOH-o)wu>oo~j>-'ccoii-'i^a»-'to>i*»co>-<
LouIh
Houston
cowcotc Mtotooo (OMkowoDCo^oototo-J-^
s^P
C0O-'0550*»as0D0<00CJO00t3»10S-J05*^CT>^OiW«)WO
:
—
s
8
7»8
8
.
Philadelphia
Augusta
Memphis
7*8
g.
8
7%
..
ooO
Weitnen.
Tuei.
ON—
M ^1 CO * © ~J
it-
1- Jr
CO ••
been
sippi the rainfail has
and Missis-
Reports from many points
finished or about completed and
light.
denote that picking is
marketing is said to be fairly liberal.
Galveston, Texas. There has been rain on two days during
the week, to the extent of one inch and eighteen hundredths.
MCOC»CO©tOCCt0 05C;Cn*K»'CO**05entol-'COi-'COCOCO"OW(-'iP>.COr>3
tO*0«*COX05 — tO*W«laO©*-4*WI-'>9tOCOCOl-'<)l»i*ODH-C'ICO
Average thermometer 54, highest 70 and lowest 38.
CO
Palestine, Texas. Rain has fallen on two days of the week,
«t
M
»M
;
UH -HOOMMHCCO'^M^wOD
W
OB
the rainfall being one inch and twelve hundredths. The
COl ODQDOCO
to * * CO 00 ^ to <- * Cn
eo
en w en «] en_-j f&yt co wow * w.— oj-" wp os w mjo «* en p os w w oo
thermometer has averaged 51, the highest being 70 and the
OKi"i-'c)i"o5©©'coV©''enV w«<looto»Vi'cDcnV^o<i0505*Vico*
05
oioocoen<i©ooifc.a!Wco»a*cc©coe<<w<itOif>.<|i-'>-o<CB<ii»->-w© ©»
en
lowest
32.
* *cccowaowac^cowcx**aox05Wi-'OowM©coo>>->-40atow* ©
Saw Antonio, Texas. The week's rainfall has been eleven
5
00
to
hundredths of an inch, on three days. The thermometer has
MOO COM 00 05.JO <jw_»oo>
CO
-CD N,*"
averaged 56, ranging from 34 to 84.
^j to co © ck'co <j"co cn © © co ao ©
on e'en m^- too< »jw o to'to "•
« »lVj
W»O5^l-'v)O5©<lO:00*©C5' CO to V to ic W V I- -3 * CO CD CO * "•
Corpus Christi, Texas. There has been rain on two days
Oenen05aD050050C|&-tOtOtOOOS©
00 CO 05 CO tO Cn M OD -J * CD 05 CO *
during the week, to the extent of four hundredths of an inch.
The thermometer has ranged from 34 to 78, averaging 56.
HtOWHHHCOMtOU
l- tO
05 tO W
CO
©
w *•*<*&<& rJ .w P.t0 © m ©_© m_jo os * w io_*p *w© »•»•_- .e» jo
Fort Worth, Texas. We have had rain on three days of
Vj'w'to'to »-i"tO © Vj ©
^cxio © w* oo co o>eolo 00* cow 05 w 05 to"^i
M JP
oococo^lo>*toci>to: ^<lyi-4C0i-'*C0CJ>* — oo©enwcnwto©^to
the
past week, to the extent of forty- two hundredths of an
© * tO -J *> © tOj^J. oaci')c»Hii>frooie(OMw>J^O)«n»KiH'ii>
inch. Average thermometer 51, highest 70, lowest 32.
The aoove totals show that the interior stocks have inNew Orleans, Louisiana.— We have had rain on three days
treated during the week 29,686 bales, and are to-night 47,619 during the week, to the extent of eighty-seven hundredths of
bales less than at same period last year. The receipts at all an inch. The thermometer has averaged 56.
towns have been 1 1,702 bales less than same week last vear.
Shreveport, Louisiana. We have had rain on three days
Overland Movement eob the Week and Since Sept. 1.— during the week, to the extent of one inch and ninety- five
We give below a statement showing the overland movement hundredths. Tne thermometer has averaged 50, ranging
for the week and since Sept. 1, as made np from telegraphic from 33 to 66.
Vicksburg, Mississippi. Rain has fallen on two days of
reports Friday night.
The results for the week ending
Dec. 13 and since Sept. 1 in the last two years are as follows. the week, to the extent of one inch and nicety -five hundredths. Average thermometer 51, highest 71, lowest 82.
1901.
1900
Meridian, Mississippi Picking is finished and cotton is
December 13.
being
marketed rapidly. Receipts are falling off. It has rained
Since
Since
Week. Sept. 1.
Week. Sept. 1.
on three days during the week. The thermometer has averaged 42, ranging from 28 to 56.
Slipped—
Little Rock, Arkansas.
Picking is nearly completed and
VlaSi. L,oujb....,_
._._. 3o,9M 353,416 49,039 472,720
farmers
are
selling
freely.
There has been rain on three days
VlaOftlro
.....
4,494
56,724 12,921 121,270
Via Paduoah
......
24
309
3,720 during the week, to the extent of one inch and fifty-four
Via Rook Inland
747
14,781
3,325
35,321 hundredths. Average thermometer 46, highest 60 and low_.
m
m
w
© CO -, ^*k CW*.M_C0lO|O MHBB9J0 WW MOD
tOO CO
"co <C 05 * *""*«J en OS © M w oT—'o © © CO 00 VI 0035 <1 In 05 00 «" ^3 tO^-1 CO
00
—
co
•
—
I-*
I
—
1
;
—
<-•
>-•
1
—
;
"*>•
Itt.
—
—
—
—
Via -Louisville
...... .......
Via Cincinnati
-.—
Via other ronton, &o.._
Total gross overland.
Deduct tMpments—
Overland to H. Y., Boston,
Between Interior towns
Inland, Ac, from South
Total to oe dednoted
<feo.
.—
23,968
74,575
7,392
40,902
2,591
138,922 17,018
75,169
679,344 92,645
9,259
1,528
1,209
148,988 20,158
30,999
4,861
1,146
19,991
8,495
6,M1
11,989
.
199,978
26,165
59,658
27,595
113,380
19,274
240,692
.
Including
1901.
in Sight and Spinnere'
Taktngs.
Receipts at ports to Deo. 13.
overland to Deo. 13
Southern consumption to Deo.
Week.
BIet
13.
Total marketed
1900.
Since
Sept.
1.
Week.
Since
Sept. 1.
304,639 4,014.584 311,716 3,986,756
63,180 479,366 66,480 692,972
86,000 511,000 31,000i 446,000
403,819 5,004,950 409,196 5,025.728
29,686 566.111 50,510 698,408
nterlor stocks In excess.
Came into sight during week. 433,505
459,706
5,571,061
5,724,136
Total in sight Deo. 13
CTorth'n spinners tak'gs to Deo. 13
Movement
Week—
1899— Deo.
1898— Deo.
1897—Deo.
1896-Dec
785,503 103,596
885,665
into sight in previous years.
Bales.
15
16
17
18
80,022
327,714
451,934
488,3M5
391,257
Since Sept.
1899-Dec
1898— Deo.
1897— Deo.
1896— Dec
1—
—
Helena, Arkansas.
Picking is about completed, but
weather interferes. There has been rain on two days of the
833,664 week, the precipitation reaching one inch and sixty-two
152,849 hundredths, and there are indications of more rain. The
68,569 thermometer has averaged 47 3, the highest being 65 and the
Leaving total netoverland 4
63.180 479,366 66,480 592,972
movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 63,180 bales, against 66,480 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 113,606 bales,
*
est 32.
Bales.
lfi
5,208,582
16
17
18
b,723,Vi42
6,414,067
5,683,013
lowest
28.
—
Memphis, Tennessee. Rain has fallen on four days of the
week, the rainfall reaching two inches and four hundredths.
The thermometer has averaged 43 6, ranging from 81*2 to
f
61-4.
Nashville, Tennessee.— Rain has fallen during the week to
the extent of one inch and sixteen hundredths. The thermometer has ranged from 27 to 62, averaging 44.
Mobile, Alabama. Rain has fallen on one day of the week,
The therto the extent of twenty hundredths of an inch.
mometer has averaged 51, the highest being 68 and the low-
—
est 32.
Montgomery, Alabama.—Picking is practically finished
and cotton is being marketed freely. We have had rain on
one day during the week, to the extent of an inch, and it is
raining to-day. The thermometer has averaged 43, ranging
from 80 to 68.
Madison, Florida.— Picking is practically finished. We
have had rain on one day of the week, the precipitation being ten hundredths of an inch. Average thermometer 56,
highest 70, lowest 88.
Savannah, Georgia.— There has been rain on two days of
the week, the precipitation reaching nine hundredths of an
inch. The thermometer has averaged 51, the highest being
70 and the lowest 32.
Augusta, Georgia. The week's rainfall has been twentynine hundredths of an inch, on two days. The thermometer
has averaged 46, ranging from 28 to 68.
—
THE CHRONICLE.
1272
Charleston, South Carolina.— It has rained on three days
of the week, the rainfall reaching three hundredths of an
Inch. The thermometer has ranged from 34 to 68, averaging
51.
continues low.
Stateburg, South Carolina.— Temperature
on one day during the week, the precipitation
being fourteen hundredths of an inch. The thermometer
has averaged 16 7, ranging from 2) to 72.
Greenwood, South Carolina.—It has rained on two days
of the week, to the extent of thirty-five hundredths of an
inch. The thermometer has ranged from 28 to 51, averaging
It has rained
,
41.
Charlotte, North Carolina.— Rain has fallen on one day of
rainfall being twelve hundredths of an inch.
The thermometer has averaged 44, the highest being 66 and
the week, the
the lowest 25.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Dec. 12, 1901, and Dec. 13, 1900.
Dec 12,
Dec 13,
'01.
31
Hew Orleans... . .......Above lero of gauge.
'00.
Feet.
9-8
Feet.
20
3
02
16-9
1-0
30 7
106
46
—
India Cotton Movement from all Ports. The receipts
of cotton at Bombay and the shipments from all India ports
for the wook ending Dec. 12, and for the season from Sept, 1
to Dec. 12 for three years have been as follows:
1901.
Receipts at—
Sinee
Week.
Bombay
Sine*
Week.
Sept. 1.
Sinee
Week.
Sept. 1.
Sept. 1.
163,000 41,000
233,000 48,000
50,000
1899.
1900.
[Vol. LXXIII.
Mexican Boll- Weevil in Texas— Action of Galveston Cotton Exchange.— At a meeting of the Directors of
the Galveston Cotton Exchange, held Nov. 30, the following
letter from Mr. E. S. Peters, President of the Texas Cotton
Growers' Protective Association, was submitted:
Calvert, Texas, Nov. 25, 1931.
Mr. Julius Runge, President Cotton Exchange, OalvestO", Texas.
Dear Sir— I would oall to tho attention of your honorable body the
faot that the Mexican ootton boll-weevil threatens the destrootlon of
the cotton product of the South, and, if not controlled in some way,
will make the production of ootton a memory. They are fast spreading, and tbey must be controlled, if possible.
I would like to have your organization, by resolution, request the
8eoretary of Agrloulture to ask for an appropriation of at least $50,000, to be used in experimenting, to find the best mode for their destruction.
would also be glad to have you urge upon the Senators and Members
Congress to aid in securing said appropriation; also to get the New
Orleans Exchange to pass similar resolutions.
(Signed)
Yours very truly,
E. 8. Peters, President,
I
of
Texas C. G. P. A.
In response to Mr. Peters's reqaeet the directors of the
Galveston Cotton Exchange adopted tbe subjoined resolutions:
In view of the faot that the Mexican boll-weevil has already spread
over the greater portion of the cotton-producing section of Texas, and
is rapidly extending its field of operation, bo that not only Texas but
other Southern States are threatened in the most serious manner, we
deem it of the utmost importance that intelligent and well- directed
steps be taken to oheck the devastation made by this pest. The problem being of too great magnitude to be solved by private or individual effort, we appeal to the General Government to intervene, and
respeotfully request the Honorable Secretary of Agrloulture to urge
upon Congress the neoesslty for at onoe setting aside not less than
$50,000, to be expended by the National Agricultural Department in
an effort to devise ways and means for the preservation of the South's
chief product.
We also urge upon our Senators and Representatives in Washington
to use every means in their power to secure such appropriation of
money as the Secretary of Agriculture may ask for, and to aff >rd him
all aid possible.
We further request all Cotton Exchanges to join in this request, and
to do all in tbeir power to further its object
Julius Runge, President Cotton Exchange.
249,000
8. O.
For the Week.
Sinee September 1.
Exports
from—
Great
Britain.
Continent.
Total.
11,000
ii",opo
Great
Britain.
Continent.
Total.
Bombay—
1901
1900
.
,
Calcutta—
1901 ...
1900 ....
189a
26,000
86,000
4,000
12,000
26,000
98,000
4,000
1901
1900
1899
3,000
8,000
4,000
1,000
1,000
i'ooo
1,000
3,000
7,000
3,000
2JO00
2,606
5,606
3,000
7,000
1,000
3,000
12,000
1,000
2,000
2,000
7,000
26,000
25,000
9,000
26,000
32,000
9,000
58.000
125,000
17,000
58,000
150,000
18,000
Madras—
.
All others—
1901
1900
1899
2,000
1,000
1,000
Total all—
1901
1900
1899
2,000
15,000
1,000
2,000
12,000
3,060
1,000
25,000
1,000
Alexandria Receipts and Shipments op Cotton.Alexandria, Egypt,
December 11.
Receipts (oantars*) . .
This week....
Since Sept. 1
1901.
1900.
1899.
Not
260,000
2,690,000
320,000
3,536,000
received.
This
week.
—
Since
TMt
8ince
TMm
Since
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
95.000 11,000 143,000 23.000 180,000
137,000 11,000 94,000 16,000 163,000
Not
re-
ceived
Total Europe
232,000 22,000 237,000 39,000 343,000
A oantar is 98 pounds
t Of which to America in 1901,32,961 bales; in 1900, 18,897 bales;
in 1899. 36,197 bales.
*
— Oar
reach us
Manchester Market
repoit by cable from Manthis week, cable communicachester has failed to
tion having been seriously interrupted.
We give the prices
for last week below and leave those for previous weeks of
this and last year for comparison.
1901.
32* Cop,
Twilt.
d.
d.
1900.
Si* lb*. Skirt- Oott'n
ings, common Mid,
Uplds
to finest.
d.
s.
11*98
Nov. 8 6% «7i«
" 15 6Bg ©7i*
97
« 22 6"i 6 i>7»4
97
0i*»7
" 29 63i ©7 1*
li«t»7
Deo. 6 615 1S »788
" 18
Not reoaived.
d.
d.
SH
market for jute bagging
has been very quiet the past week, but quotations are unchanged at b% z. for 1% lbs. and 5%c. for 2 lbs., standard
grades. Car lots of standard brands are quoted at 5%@6c, f.
Jate butts dull at l^@i%c. for
o. b., according to quality.
paper quality and 2%@2%c. for bagging quality.
New York Cotton Exchange,— On Monday, Dae. 16,
of the New York Cotton Exchange will vote on
members
d.
d.
9
9
10^
85 16 9938
41S35, S7
16 B938
45, 6
8%
093g
®9i*
8.
d.
5
5
4i«(»7 11
5
5
5
B.
f>8
5i*t?8
6 t»8
d.
O
d.
59 33
5«B
5Ss
9
«8
6
8I4 *>938
5
97 11
I4
New Orleans Cotton Exchange.— At a meeting held on
Wednesday, Ddcember 4, the new board of directors of the
New Orleans Cotton Exchange re-elected Mr. Henry G-,
Hester Secretary and Superintendent for his thirty-second
consecutive term. Mr. R. H. Lea was continued as Assistant
Secretary and Assistant Superintendent, the position he has
Sifl
5
6
5
occupied for a number of years. The following standing
committees to serve during the ensuing year were also appointed: Supervision—S. Weis, Chairman; E. Allgeyer, R, T.
Hardie, F. B. Hayne and R. E. Da Qaesnay. Finance— A,
Brittin, Chairman; H, C. Ludlow and T. C. Mather.
tbe
the
proposition to close the Exchange on Thursday, December 26,
the day following Christmas, and on January 2.
Domestic Exports of Cotton Manufactures.
—We give
below a statement showing the exports of domestic cotton
manufactures for October and for the ten months ended
Oct. 31, 1901, and for purposes of comparison like figures for
the corresponding periods of the previous year are also
presented:
Quantities of Manufactures of
Cotton (colored and uncolored)
Exported
to—
Month ending
1901.
United Kingdom
France
yards.
1,484,208
'
Germany
Other Europe
British North America
Cent'l America & Brit. Honduras.
Mexico
Santo Domingo
23,208
382,168
667,840
680,584
418.157
416,420
Cuba
32<>,230
Porto Rico*
Other West Indies and Bermuda..
Argentina
Colombia
Other South America
British
1.116.794
1,210.693
17.886.H05
451,80 J
47.695
21,104
421,016
East Indies
Hong Kong
Japan
British Australasia
Hawaiian Islands*
Philippine Islands
210,473
Other Asia and Oceanica
Africa
1,347,083
78,827
503 339
Brazil
.
.
1,509.556
8*2,489
Oct. 31.
1900.
925.0K
17.X93
24,618
15^.948
618,464
1.206,920
339,371
256,011
8l2,s08
10 mos. ending Oct. 31.
1900-01.
7,876,643
10.606
661.830
1.9J7.189
7.025,768
10,215.946
8,i29.-23
4,164,890
3,981,194
2,690,163 14,730.253
87.765
1.404,891
564,902
4.131.927
5 23,611
19,5«8,778
8,680,492 21.177.177
8«0,000 167.607,871
499 60'
6,884,074
7,700
511,490
68,028
628.921
Il6,3u9
8,839.327
"43.205
178,007
117,187
Other countries
767,878
28.690.828
0,2*4,176
29,551
1699-00.
4,878.863
20,87
148.223
862,002
7.047,792
12,016,365
4,2v8,*43
2,763.768
2,480,077
3,552.888
18,071.016
1,242,605
3,621.988
8,699,268
28,239,504
100,963,632
10.017,280
213,718
294,208
8,713,619
1,694,737
745.672
18,757,252
8,727.721
87.191
Total yards of above...
29,970,319
12.704.H8 313,470^88 229.783.8«3
Total values of above.
Value per yard
tl.6l2.6yl
$•0638
$78.5.842 tl6,668,«68 $12,70o,7S6
Values of other Manufactures of
Cotton Exported to—
United Kingdom
France
Germany
Shirt Oott'n
32* Cop. ings, common Mid.
Twist.
to finest.
Uplds
45 16 8*4 »9Sa
101*
lbs.
Secretary.
&c —The
Chi mi
Bzports (bales)—
To Liverpool
Young,
Jute Butts, Bagging,
Other Europe
British North America
America
Mexico
Cent'l
Jt
Brit.
Honduras.
Santo Domingo
Cuba
Porto Rico*
Other West Indies and Bermuda..
Argentina
Brazil
Colombia
Other South America.
China
British East Indies
$•0617
$•0632
$-0683
$829,910
29.0A6
4*6,467
1*6,890
$890,906
24.659
446.729
167.360
204,436
86,83*
48,863
$166,421
2.822
34.229
21,466
205.633
46,591
43,620
1,931,633
842,618
1,644
17,414
12,636
1,783.424
417,304
38P.419
17,801
133,600
179.016
1,062
86,181
7,231
16.910
25,62=
1,211
4,498
4,919
16.1B5
Hawaiian Islands*
Philippine Islands.
Africa
Other countries
89,663
20.924
873,356
1.075
17,007
2.43H
661
31,192
85,905
74.816
6,765
4.657
11,0*8
4,185
336
Tot. value of oth. manufact's of.
Aggregate val. of all cotton goods
—
116,585
94,096
27,743
43,690
72,900
122,8-6
6.237
612
143
219
"
,
Other Asia and Oceanica
14,697
1.825
3,17f
1.787
6.950
82
600
Hong Kong
British Australasia.
2,191
1561,965
$2,174,658
13555
446.815
46,173
97.6S8
12,668
100,101
11,817
32,887
34.110
61,494
27,440
4,425
7,863
277,499
211,856
6,665
93,070
29,531
8,061
$608,261 $5,203,006 $5,811,777
$1,399,106 $21.871.284 $18,018.512
Shipping Mews. As snown on a previous page, the
exports of ootton from the United States the past week have
jeaohed 226,926 Dales, The shipments in detail, as made up
from mail and telegraphio returns, are as follows:
December
THE CHRONICLE
14, 1901.]
Total talt$.
New York— To
Liverpool, per steamers Cymrlo, 10,680....
10,707
Georgian, 27
100
Hall, per steamer Buffalo, 100
60
Paisley, per strainer Buenos Ayres, 60 Sea Island
1,1 5^
Bremen, per ute.uuer Bremen, 1155
100
Hamburg, per steamer Walderii»e, 100
100
Antwerp, per steamer Brltleh King, 100
BOO
Malmo, per stuHiuer Hekia. 200
408
Barcelona, per steamer Buenos Aires. 40S
Calabria, 2,397
Genoa, per steamers Aller, 566
3,880
SMola, 917
298
To Naples, per steamer AUer, 298
New Orlkans-To Llverpool-Dpo. 7— Steamtir William Cllft*.
28,172
4,514. ...Deo. 10— Steamer Yeoman, 18.658
Deo. 10To Havre-Dec 9—Steamer Voorburg. 3,300
Dec. 12-Bteamer ConcorSteaiuer Inchmaree, 13,260
23,034
dia, 6,474..
98
To Marseilles— Deo. 6 Steamer Plo IX.. 98
1,225
To Antwerp— Deo. 7— Steamer Ravenshoe, 1,225
6,569
To Barcelona— Deo. 6 -Steamer Plo IX., 6,5t>9
Galveston— To Liverpool— Djc. 10— Steamer Dunstan, 8,053
12,931
Deo ll-8teamer Bernard Hall, 4,878
13,537
To Bremen - Deo. 10-8teamer Helgoland, 13,537
12—
Deo.
To Hamburg— Deo. 10 -Steamer Barton, 1,200
3,414
Steamer Gorjmtan, 2,214
3,425
To Barcelona Deo. 5- Steamer Zortlzlrak Bat. 3,425
Zortlzlrak
Bat,
3,421.
3,421
To Genoa— Deo. 6-8teamer
Meridian,
9—
steamer
7,365
7,365
Mobile—To Liverpool-Dec
Fmnsaoola— To Liverpool— Deo. 7— Steamer Ida (additional),
To
To
To
To
To
To
To
To
—
—
The tone of the Liverpool market for spots and future*
each day of the week ending Dee. 13 and the daily dosing
prioes of spot ootton, have been as follows.
Sat' clay
Spot.
Market
Bt,
i
12:80 P
*1<L Upl'ds.
laies.
To Genoa-Dec 10-8teamer Ereaga, 1,200
Savannah—To Liverpool— Deo. 7— Steamer Glenwood,
Deo. 10-8teamer Homewood, 4,997
and 72 Sea Island.
To Bremen— D*c 6— Steamer Hughenden. 9,230 upland
Deo. 7— Steamers Asia, 9.561; Isle
and 100 Sea Island
Deo.
of Kent, 9.060
12—Steamer Clement,
8,827
To Genoa— Deo. 7— Steamer Patrla, 5.550
To Trieste— Deo. 7 -Steamer Patrla, 2,350
Bbonswiok— To Liverpool— Deo. 13— 8tr. Dromore, 5,916
Ohablebton— To LI verpool— Deo. 7— Steamer 8prlngwell,6,78
Deo. 12— Steamer Chumupland and 375 Sea Island
4»8
Fair
Easier.
4l» 3 ,
* 9 ie
demand.
Moderate
demand.
41*38
6,000
8,000
9,000
10.000
8,000
8.000
300
500
500
500
500
500
Futuret.
Market
opened.
1-
Market,
4 p. if
.
(
Steady.
\
/
S
Stronjr at iHeady at Steady at
tob-tH 1-04 <* a-m
decline,
advance. decline.
«teady at
(1-<J4
,
advano*. oxchang-d
I
Firm at IVoryst'dy Barely Steady at Steady at
2®8 pit. 7H'*8H Pt. steady at 1C41H pts. 4®6 pta.
advance. S pta. dec decline.
advance.
advance,
I
The prices of futures at Liverpool for each day are a:lven
below. Prioes are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
ry Thepricet are given in pence and 64ia». Thui : 8 63 meant
3 63-614..
and 4 01 meant 4
l-64d.
1,200
Sat.
Hon.
Tnei.
7,030
Dec. 7.
Dec. 9.
Dec. 10.
36,778
5,550
2,350
5,916
d.
Deoember
..
Dec -J an
Jan. -Feb
Feb.-Mch....
Moh-Apr...
April-May...
To Bremen- Deo. 12— Steamer Chumlelgh, 5,409 upland
1
5,625
and 216 Sea Island
10,699
To Baroelona— Deo. 7— Steamer Dorotea, 10,693
Newport News—To Liverpool— Deo. 6 —Steamer Shenandoah,
June-July...
July- Aug...
Deo. 10 Steamer Rapldan, 3,611
Boston—To Liverpool— Deo. 5 Steamer New England, 3,579
... Deo. 6-Steamers Norseman, 2,821; Saxonla, 2,996...
,2
To Yarmouth— Deo. 10— Steamer
Baltimore— To Liverpool— Deo. 6— Steamer Quernmore, 1,769
Deo. 11—
To Bremen-Dec 6— Steamer Mark, l.vsOl
5,396
Steamer Oldenburg, 800
Philadelphia—To Liverpool— Dec. 6 —Steamer Waesland, 5
San Franoisoo— To Japan— Deo. 11— Str. Nippon Maru, 1,105
Seattle—To Japan— Dec 9— Steamer Glenshlel, 1,950
2,001
1,785.
—
1
Taooma—To Japan— Deo. 7—Steamer
Glenogle, 2,500
„
Total.
Galveston. 12,931
Mobile
7,365
364
Pensaooia.
Savannah. 9,901
Brunswlok 5,916
Charleston 8,706
N'p't News
5,396
Boston
9,396
Baltimore.
1,769
516
6,846
•••
•
••
•••••
..
..
36,778
1,200
7,900
5,625
l6',699
..
..
..
......
......
......
......
••
«••
•
2
..
2",6oi
..
• *>*>•>•
..
•
San Fran..
•
*• •«*
1,105
1,950
2,500
Seattle....
Taooma....
Total.... 06,302 23,132 62,610
1,525 87,800
Exports to Japan since Sept.
the Pacific Coast.
Cotton freights at
as follows.
Liverpool.
e.
Manchester, ask.e.
516
1,105
1,950
2,500
Tuet.
13
18
18
13
18
18
13
18
18
17*
17i*
19
c.
e.
19920
Reval, via Hull.. c.
Reval, via CanaLe.
8t. Petersburg. . .e.
c.
19
18-21>a 18-21% 18-21
13® 15 13915 13915
26327
26927
32
32
0(0(70
9,898
fl|f
/
illD
1,105
1.950
2,5
00
5,555 226,926
week have been
Wednet. Thurt.
Moii.
Hamburg
...e.
the past
Satur.
Havre
Bremen
e.
2
OD,/io
7|uoD
1,564
54,582
3,yio
25,030
have been 35,782 bales from
New York
13
19
183>20
17 >s
e.
1
Fri.
13
18
18
13
18
18
171*
17%
17i«
19
19
19
18-21% 18-21% 18-21>*
13915 13915 13915
269 27 26927 26927 26927
32
82
32
32
27928
30
30
20-22% 20-22
28
28
80
20-22
28
Aug. -Sept...
Dee. 18.
d.
d.
4 25 4 27 4
4 24 4 25 4
4 22 4 24 4
4 21 4 23 4
4 20 4 23 4
4 20 4 22 4
4 20 4 22 4
4 20 4 22 4
4 19 4 224
4 14 4 17 4
d
36 4 35
344 33
33 4 32
3214 31
d.
d.
d.
d.
d.
d.
d.
4t.
•
4 34 4 32 4 31 4 30 4 35 4 35 4 34
4 32 4 30 4 29 4 29 434 4 33 4 33
4 31 4 29 4 28 4 28 4 32 4 32 4 32
4 30 4
324 31 4 30 4
31 4 31 4 30 4
31 4 30 4 30 4
29
28
28
28
31 4 SO 4 29 4 27
30 4 30 4 29 4 27
25 4 25 4 24 4 22
4 27 4 27
4 27 4 27
4 26 4 26
4 26 4 26
4 26 4 26
4 26 4 26
4 21 4 22
!
•
431 4 32 4 31
431 481 4 30
«rr
30
20
30
30
4 26 4 26 4 25
4 31 4 81
4 31 4 31
4 30 4 31
4 30 4 31
4
4
4
4
3
a
~
•
•
2
226,926
16*,95i
May- J one...
BREADSTUFFS.
1,769
of the foregoing shipments, arranged in
onr usual form, are as follows.
Oreat French Qer- -Olh.B'ropt-* Mexico,
Brit'n. port*. many. North. South.
<*c.
Japan. Total.
300 4,586
1,255
New York. 10.867
X/fOUo
1,225 6*569
54,098
N. Orleans 23.172 23,132
*•
Frl.
Dec. 12.
9,396
The particulars
.
Wed. Thnri.
Dee. 11.
12i« 1 12i* 4 12i« 4 12i« 4 121* 4 12i«
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.
2,874
8,706
lelgh, 1,550
Baroelona
Harden'g. Moderate
demand.
4"aa
Spec&exp.
2,033
To Manchester— Deo. 7— Steamer Glenwood, 2,802 upland
Ghent
Antwerp
Unlet.
Monday. Tuetday. Wtd'day. Thurtd'y Friday.
364
364
Phtl'delD'a
1273-:
30
80
80
20-22% 20-22i« 20-221*
28
28
28
Friday, Dec. 13, 1901.
Early in the week, following the rise in the grain, the mills
further advanced their prices for wheat flour, and a moderate
amount of business was transacted at the higher figures
ruling. Subsequently, however, the wheat market turned
weaker and was immediately reflected in a downward turn
to valaes for fljur, all of the improvement early in the week
being lost. At the decline business was moderately active.
Rye flour has been quiet but steady. Buckwheat flour has
advanced, but the close was quiet. Corn meal has been dull.
Speculation in wheat for future delivery has continued
active in the local and Western markets. Early in the week
the tendency of prices was again upward. European cable
advices were firm, and there was good general speculative
buying, partly for investment account and partly to cover
short sales. Subsequently, however, there developed a
weaker market. Despite the steadiness shown by the foreign market, the actual export demand was very moderate,
shippers generally showing indifference at the higher prices
ruling, and there was moderate selling reported in the speculative market for European account.
Statistical development showed a large increase in the visible supply, although
this was offset in a measure by a considerable decrease in the
supply of wheat afloat for Europe. Advice3 from the interior
reported large receipts at primary points, and this, coupled
with a break in prices at interior markets, prompted free
selling by speculative holders to realize profits, which resulted in a eharp downturn to values in the speculative markets.
To-day there was a fairly active and higher market
on renewed buying for investment account. The spot market was firmer but quiet.
DAILY CLOSINO PRICES OF NO. 2 BED WINTER WHEAT IN IV E
YORK.
Wed. Thurt.
Frx.
Tuet.
Mon.
Sat.
86i«
85i*
861*
Oash wheat f. o. b
8978
8738
88k
W
Dec
May
delivery Id elev
delivery In eler
July delivery In elev
DAILY OLOSIltQ PRIOES
Dec delivery In elev
May delivery In elev
July delivery In elev
84i«
868s
85 7s
86%
8u%
88%
84*
86*4
86%
HO. 3 SPRING WHEAT IN
Wed.
Tuet.
Sat.
Mon.
76
77*
79
78*3
His*
80%
8258
833b
80
81%
82»*
83%
OP
84
83i*
85i«
84
85%
82%
%
83^
85i«
848g
CHICAGO.
Thurt.
753s
79»s
Fri.
76k
80*8
80*3
79k
and early in
Indian corn futures have been fairly active,
the week, following the advance in the wheat market, prices
advanced slightly. Subsequently, however, there developed
Quotations axe oents per 100 lbs. or fractions of a penny per lb.
an easier undertone and the improvement was more than lost.
Liverpool.— By oable from Liverpool we have the folio*
The principal depressing factor was the larger interior reing statement of the week's sales, stocks, &c, at that port,
ceipts, they being about equal to those for the corresponding
week last year. Selling by recent buyers to realize their
profits was on a fairly liberal scale, and there also appeared
Nov. 22.
Nov. 29.
Dec. 6
Dec. 13
The
to be more aggressive selling by the bear interest.
Sales of the week
bales
50,000
46,000
51,000 amount of business in the spot market has been very moder56,000
Of whloh exporters took..
1,400
1,000
1,030
1,000
The demand from exporters has been decidedly limited
Of whloh speculators took.
400
400
2,100
1,000 ate.
8alee Amerloan
43,000
40,000
42,000 and the home trade has been taking supplies less freely;
48,000
Aotual export
5,000
9,000
10,000 prices have declined with futures. To day there was a firmer
7,000
Forwarded
65,000
92,000
71,000 market following the advance in wheat.
82,000
Total stock— Estimated
358,000
495,000
548,000
594.000
Of whloh Amerloan— Est'd. 289,000 419,000 473,000 509,000
lOBK.
DAILY OLOBINO PRIOK* OP MO. 2 MIXED OORN IN
Total Import of the week
137,000
238,000
142,000
127,000
Mon. Tuet.
Wed. Thurt.
Fri.
Bat.
Of whloh Amerloan
129,000 214,000
125,000
99,000 Oash corn f. o. b
73*
72*
71*
71%
70%
74%
Amount afloat
430,000
354,000
370,000
403,000 Deo. delivery in elev
71*
70%
eH 3*
73
72%
70%
Of whloh Amerloan
402.0001 317,000
33Z.000 373.000 May delivery in elev
71*
72 78
70*
70%
71%
72k
Genoa
e.
Trieste
c.
NEW
THE CHRONICLE.
1274
DA.H.T 0I.O8IWO P RIO KB
Deo. dAllverv In elev
delivery In nlev
July delivery In elev
OF NO. 2 M1XBD CORN
8at.
Mon.
65
69
64\
Tuet.
64>«
IR
CHICAGO.
Wed.
634
TKurt.
63»4
66>4
Fri
64*«
[Vol. LXXIII.
practically no change from last season. The demand up to
the present time has been moderate, buyers still being too
much occupied with current season's business to give full
attention to new season's goods. Cloakings .have been in
quiet request at previous prices.
67^
66 7e
664
Oats for future delivery at the Western market have been
Domestic Cotton Goods.— The exports or cotton goods
There was a sharp upturn to prices immefairly active.
diately following our last, but this advance was not main- from this port for the week ending Dec. 9 were 4,377
tained. Selling by large speculative holders to realize packages, valued at $200,461, their destination being to the
profits was reported as being on an extensive scale, and un- points specified in the tables below:
der these increased offerings, and following tbe weaker turn
1901.
1900.
Locally, the
to prices for other grains, values weakened.
Suw York to Dec 9.
spot market has been only moderately active and prices have
Week. Since Jan.X. tteefc. -rtnee Jan. 1.
followed futures. To-day the market was fairly active and
May
68°8
68>4
68^
67^
673e
66»*
66^4
y reat Britain
higher.
44
63
342
381
6
77
845
354
4,105
1,549
86,901
6,446
41,767
9,915
22,211
1,932
5,964
50,574
9,923
4,377
241,287
NEW
YORK..
DAILY CLOSING PRICKS Of OATS IN
Fri.
Wed. TKurt.
Sal.
Mon. Tuts.
51*4
51
51
52
53
52
No. 2 mixed In elev
54
54*2
54
55
54H
Mo. 2 white In elev
55
DAILY GLOBING PRICB8 OF MO. 2 UXSD OATS IN CHICAGO.
Fri.
Wed. IKnrt.
Mon.
Tuet.
Sat.
4514
4138
4438
46%
45 t8
45
Deo. delivery In elev
45*8
45%
45
May delivery In elev.... 47%
46 78
40^
39°8
40
40ifl
41lfl
39 78
July delivery in elev..... 42k
and
barley
have
been
quiet.
Rye
Following are the closing quotations:
FLODB.
Nominal
Patent, winter.... $3 90 94 25
Fine.. <,,.-,.
2 65 «2 75
Bupeinr,*
City mills, patent. 4 25 ©4 85
v,
"
Ryenonr.snperflne 3 25 ©3 35
Kxtra, f >
. .....
2 85 ©2 95
Buckwheat flour.. 2 15 ©2 25
Extra, !".•
3 05 03 35
Clears
03 55
Corn meal.... 3 25
.. 3 60
Western, etc
3 65 ©3 70
Btratghte,..
04 20
Brandywlne
8 75
Patent, BDrtrix .„„ 4 00 ©4 75
(Wheat flon. ku thefts sells at prices below those for barrels.)
India
430
Arabia..... .......
Africa
.
......
.. .... ....
1,885
West Indies
South America..............
Other Countries...—
Total
81
2
4
2,299
1,538
140,887
12,886
28,238
4,805
29,360
3,089
11,683
45,295
8,840
3,171
288,865
143
664
540
674
58
267
738
The value of the New York exports for the year to date
has been 110,449,092 in 1901, against $12,977,708 in 1900.
Brown sheetings and drills have been in better demand
and advances of Ho. have been paid by home buyers. The
market is too strong for export business of any moment.
Light-weight fine yarn grey goods have sold well, both on spot
and for forward delivery, with prices advancing as noted
There has been no change in ducks or in brown
above.
GRAIN.
0.
Corn, per bush.—
0.
0.
Wheat, per busn —
e.
osnaburgs. Cotton flannels and blankets are quiet but firm.
69 mx^
Western mixed.
Hard Duluth, lii\ 91>4©93
69?8©7li8 Bleached cottons in all leading makes are scarce. Prices are
No. 2 mixed
N'thern Dul., No.l 85%087i«
7l38»73ie no higher, but an advance is looked for. Wide sheetings
Western yellow
Red winter, No. 2 84%»86ifl
71383>73i« are firm with an upward tendency.
Western white
Hard N. Y. No. 2. 8338©84!8
Buyers find the denim
Bye, per bushOats—Mlx'd, p. bush. 5034©52is
66*306912 market difficult to work in, owing to scarcity of ready supWestern
White
58 ©57
plies and reserve of sellers over future contracts.
Other
67 ©68
State and Jersey
51^©52^
No. 2 mixed
54>4©55i2
64 ©71
coarse, colored cottons continue very firm in face of moderate
No. 2 white
Barley— Western
Feeding
59 ©64
buying. Sales of prints have been moderate this week in
staples and fair in fancies.
EW~ For other table* usually given here see pare 1248.
Prices are firm. Ginghams in
dress
both
staples
and
styles
are very scarce, with most lines
EXPORTS OP BREADSTUFFS, PROVISIONS, COTTON AND
Petroleum.— The exports of these articles during the month held at value. Regular print cloths unchanged at 3d., with
moderate sales. Narrow occasionally l-16c, and wide odds
of November, and the eleven months, for the past three
l-16c,@^c, dearer.
years have been as follows
Foreign Dry Goods.— Light-weight foreign woolen and
worsted drees goods have been in fair request and steady.
1901.
1899.
1900.
Exports
from V. S. November. 11 Months November. 11 Months November. 11 Months, good business is reported in piece silks under influence of a
strong and advancing market for raw material. Linens are
Quantifies.
firm with a fair demand. Burlaps continue dull and pries
:
A
]
Wheat.bush. 13,651,630 168.019.718
Flour. ..bbls.
1,691.328
17,612,784
8,261,163 88,074,188
9,411,344 101,945,688
l.f,34,079
1,774,991
16.849,266
16,973,228
Wheat.... bu. 21,281.106 847.277,246 15,154,519 163,895,826 17,398,803 178,325,191
2,807,665 99.654,271 20,071,576 167,984,804 19.340,114 185,832.659
Corn... bush.
Tot. bush..
Value*.
24 0S8.671 348,931,517 35,229,095 331,880,629 36,738.917 364,157,850
I
Wh'ti flour.
Corn& meal.
Rye
Oats & meal.
Barley
Br'dstuffs...
Provisions
Cotton
Petrol'm,&c
*,
I
16,621,75(1 186.930,638
1,920,730
50.703,891
39,265
1,391,307
$
$
I
t
11,465,486 124.8S5.872 13,102,753 189,867,782
9,848,603 76,891,296
7,942,771 73,577,915
42,726
1,157,103
41.810
740.305
10,308,040
1,023,252
10.884,082
723,890
8.068,068
13,699.775
679.587
3.238,225
88,795
6,591,518
1/35,306
7,065,513
18,901.637 252,567,046
18,117,856 204,513,645
12,537.625 267,075,858
6,149,67*
65,119.956
21,963,811 218,409,371
15,876.017 184,049,487
41,676.130 269.949.44t
irregular.
Importations and Warehouse Withdrawals ot Dry Goods*
The importations and warehouse withdrawals of dry goods
at this port for the week ending Dec. 12, 1901, and since
January 1, 1901, and for the corresponding periods of last
year are as follows:
S
O
et
9
5
It-
0,3 18.486
26,522,139 166,260,806
5,134, 59*5 68,148.889
6.632.253 59,506,222
:
m
m
*
85.7:10,792
^79,306,409
Including oattleand hogs in
all
H4.650.686 740.556,692
<
1:
•
Tot. value
z °o
5
:
:
0>
.
•
Og:
;
<S»
1
:
•
•
•
«
•
i
•
e
*\
1
-
•
;
:
f
:
1
•
•
'
1
»
months and vears.
of thetotalexDorts.
THE DRY GOODS TRADE.
New
York, Friday, P. M., Dec. 13-; 1901.
The cotton goods division of the market this week has been
unmistakably strong and in some directions the demand has
broadened considerably. The converting trade has bought
liberally in grey goods, and the inquiry from jobbers and the
cutting-up trade for plain-style lines has also increased.
With the exception of grey goods the volume of business
done has not exceeded last week's total to any material extent. This has been due to the greater reserve on the part of
sellers and the fact that higher prices are frequently being
held for by them. The most notable gains in value have been
made in fine greys for converting purposes. Some of these
are up J£c to %c. The Government crop report is responsible for the improvement in the market. There is considerable doubt as to even its approximate accuracy, but sellers are
disinclined to take chances, as the present range of price 3 for
cotton goods is low, even though raw cotton should not further advance.
Woolen Goods.—There has been an increase in the reorder demand for light weight woolens and worsteds for men's
wear this week and a fair business has been done. Further
lines have been withdrawn from sale, and occasional staples
of medium grade advanced 5 per cent openly, while for quick
deliveries quiet advances of 5 per cent are frequently secured.
Fancy worsteds haVe been selling better than of late.
Numerous lines of low and medium-grade overcoatings for the fall season of 1902 have been opened this
week, and so far as comparisons can be made they show
I
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NOTE,— All the above figures are based on the monthly preliminary
retarnslssued by the Bureau of Statistics, and oover about 98 percent
a5
—
«
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l-h
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23,446.030 240,879,053
14,900,272
*
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December
11,
THE CHRONICLE.
1901. J
demhtment.
yWB Cjty
ST/*TE
1215
Chelan County (WukIi.) BehOOl
Salt-,
On November
awarded
to ihe Staie ol
Follow inn are the bids
for 8
Index.
An index to all the news matter appearing in thiB Department for the period from July 6, 1901, to Oct. 5, 1901. in
elusive, was published in the Chronicle of Oct. 12,1901,
pages 806, 807 and bOS.
^^^^
Austin,
Texas. — Notice
Bondholders.— Attention
to
is
called to the advertisement elsewhere in this Dapartiueut
giving notice that a plan of adjustment has been agreed upon
/*• r
Dlltrfol
N«
B
'-'.
boo da of thia district w<
Washington at par for 5 j.er cento.
B0
|S
iOi
:
Cent*
ftf.&on O0
State of WaMiiiiiMi.ii
..H, Per CenU
»
-.510 00
'».
Thompson, Tenney A Crawfoi
bloauo
win. h. Parktni \
1-.
i
A. K.M..
'OOOO
I
a.6S60o
8.MOO0
County, Ken.—Bond
Chlcaakfa Towunhip, Kinsman
refund
Sale.— lhis townBbip has sold an binthe $14,{j00 bends called for payment Jan. 1, 1W8, The new
bonds are in denomination of $500 and carr,
Chlllicothe, Mo. Bonds Defeated.— An election was renccently held to vote on the question of issuing $
light bonds, and the proposition failed. See Chkunicle Oct.
1
•
between the city of Austin and the Bondholders' Committee, 26, 1901.
Cleveland, Ohio.— Loan Authorized.—The City Coun< il
of which Charles S. Fairchild is Chairman, and that the city
authorized a loan of $36,000 to pay the December salaries
has
has been empowered by a special Act of the State'.Lfgislature
of the firemen.
to consummate said arrangement. It is expected that the new
Bonds Authorized.—The Town Treasurer
( lintou, Mass.
bonds will be ready for exchange by Jan. 1, 1902, at which has been authorized to issue $30.t00 bonds.
Columbus, Ohio. Bonds Authorized and Sold.—The City
time all accrued interest on the bonds so exchanged will be
on Nov. 25 passed an ordinance providing for the issuCouncil
Bondholders'
Comof
the
report
paid in cash. Copies of the
&c,
can be obtained upon
York Security & Trust Co., New
mittee, the plan of adjustment,
application to t^e New
York City. As stated more fully in the Chronicle August
81, the plan of adjustment provides that the city of Austin
shall issue by regular corporate action refunding bonds to be
dated July
1,
1901,
and
to be payable
"on or before July
1,
1981.'' Interest on the new bonds will be at the rate of 3% for
five years from July 1, 1901, 4% for the next ten years and 5%
for the remaining fifteen years which the bonds have to run,
and July 1 in gold in New
be established to provide
fund
is
to
sinking
York
bonds.
payment
of
these
means for the
Bath, Me.— Sale of Penobscot Shore Line RR. Bonds.—The
city has sold the remaining §25.000 of its holdings of the 4%
first mortgage bonds of the Penobscot Shore Line RR. to
Farson, Leach & Co., New York City, at 11075. The city
held originally $810,000 of these bonds, but sold $215,000 on
May 22 to the above-named firm at 10867.
ttalveston, Texas— Interest Not Paid.— Local papers state
that the city defaulted on December 1 on the payment of the
interest then due on the limited-debt bonds of 1881. As will
be remembered, many millions of property in the city of
Galveston were destroyed by a hurricane on Sept. 8, 1900.
Since that time the city has met, although with great difficulty, the interest on the outstanding bonds. For some
months past a committee of citizens has been in communication witn the bondholders' committee (of which Charles S.
Fairchild of New York is chairman), looking to a reduction
in the interest rate on the outstanding bonds, and to this end
a conference between the representatives of the city and of
the bondholders will be held in the near future.
said interest to be payable Jan. 1
City.
A
Bond Proposals and Negotiations
week have been as follows
Adams, Mas?.—Loan Negotiated.
this
:
—
This town has borrowed
from the South Adams Savings Bank at Z%% interestAla eda, Cal.— Bonds Voted. At the election neld Dec. 7
the issuance of $100,000 4% 40-year school bonds was authorized by a vote of about five to one.
Albany County, N. Y.— Bonds Authorized.—The County
Board of Supervisors has authorized the issuance of $250,0Cj0
$25,000
—
i
ance of $32,000 4% 4-10-year (optional) Town Street improvement bonds and $10,000 4% 4 10 year (optional) Goodale Street
bonds. Securities will be dated Sept. 1, 1901. Interest will
be payable semi-annually. These bonds have been taken by
the Sinking Fund Trustees.
Temporary Loan. This city has borrowed $5, COO at 4% in
—
anticipation of the collection of taxes.
COHhocton, Ohio.— Bona Offering. —Proposals will be received until 12 m., December 19, by F. F. Warner, City
Clerk, for $1,300 4%% Locust Street improvement bonds,
Securities are in denomination of $2(0, except one bond,
which is for $100, all dated Dec. 19, 1901. Interest will be
payable January 1 and July 1 at the Commercial Banking
Co. of Coehccton. Piincipal will mature $100 on Jan. 1,
1903, and $200 yearly on January 1 from 19U to 1909, reclusive. Accrued interest is to be paid by purchaser.
certified
check for b% of the gross amount of the bonds bid for, payable to the City Clerk, must accompany proposals. In sections 2267, 2704 and 2705, Revised Statutes of Ohio, will be
found the authority for the issuance of these bonds.
Dallas, Texas.—Bond Election Proposed.— This city is
considering the question of holding an election to vote on
the issuance of $50,0(0 additional water bonds.
Bortd Ojjering.— Proposals will be received until 12 il,
December 28, for $75,000 4% 40-year gold refunding water
bonds. Securities are dated Jan. 1, 1902, and the interest
will be payable semi-annually.
Dartmouth, Mass. Bonds Voted. At a recent town meeting the Selectmen were authorized to issue $30, 0C0 bridge
bonds, to mature within twenty years and to carry interest
at a rate not exceeding 6£.
Delray, Mich. Bonds Defeated. The proposition to issue
$56,200 sewer bonds, which was sutmitted to the voters on
November 5 and defeated, was again voted upon early this
month and again defeated, lacking 20 votes of the necessary
two-thirds majority.
Delta County, Texas.— Bonds Approved. The State Attorney-General on December 1 approved an issue of $1,996
jail-repair bonds.
Dodge City Independent School District, Walker County,
Texas.— Bond Hale.— The State Permanent School Fund has
purchased $2,000 bonds of this district as an investment.
Durham, N.
Description of bonds. -The $200,0«
4%%
bonds which we stated last week had teen sold to Seasongood & Mayer of Cincinnati were issued for the following
purposes
$50,000 lor street and sidewalks and $50,00u for
sewers, both issues maturing in forty years; also $50,000
market bonds and $50,000 school bonds, maturing in twentyfive years.
Interest on all issues will be payable semi annually.
The sale was consummated on Sept. 10, 1901. and the
price paid by the Cincinnati firm was 10125 and accrued
A
—
—
—
C—
:
road bonds.
Alliance, Ohio.— Bonds Authorized. The issuance of $62,650 4% 20-year refunding bonds has been authorized. These
bonds will be dated March 1, 1902, and the interest will be
payable semi-annually at the office of the City Treasurer.
All bids received interest.
Atlantic City, N. J.—Bids Refected
East Cleveland Township School District, '.Cuyahoga
December 9 for the $135,000 4% gold paving and the $15,(00
County,
Ohio.— Bond Sale.— On December 2 the $20,000 4%
4i gold fire-house bonds were rejected. These bonds were
bonds offered for sale on November 30 were awarded to The
described in the Chronicle Nov. 16, p. 1074.
Auburn, Me. Bonds Authorized.— The issuance of refund- Lamprccht Bros. Co., Cleveland, at 101 '05. Following are
the bids
ing bonds has been authorized.
Lamprecbt Bros. Co., Cleve.. $20,210 00 U. Kluybolte A Co.. Cincin »20 060 00
Biloxi, Miss.— Bids Rejected.— No bids higher than par Seasonsrood & Maver. Cin
20,167 60 lienlstin. I'rior A Co.. CUT*.. 20.037 00
Holzman 4 Co.. Cm. 20,110 00 W. B. Todd 4 Co- Cincinnati. --0.O26 0O
were received on December 3 for the $3,500 Q% 5-20-year (op- Keder,
W.J. Hayes A Sons. Cleve.... 20.100 00 P. 8. Bribes 4 Co.. Ciucm..
2U.0K0 00
tional) street improvement bonds. All bids were rejected.
New lBtNat. B'k, Columbus.. 20,u52 (.0
Braddock, Pa. Bond Offering.— Proposals will be received
For description of bonds see Chronicle Nov. 2, p. 972.
until 7:30 P. M., Jan. 6, 1902, by L. L. Todd, Secretary, for
Ea9t Liverpool, Ohio.— Bond Offering,— Proposals will be
$101,000 4% 1-29 year (serial) funding and improvement Donds. received until 12 m, December 17, by J. N. Hanlev, City
Interest on these bonds will be payable semi-annually at the Clerk, for $50,000
10 20-year (optional) bonds, Securities
office of the Borough Treasurer.
are in denomination of $l,0t0, dated Jan. 1, I9i2. Interest
Bristol, Teun.— Bond Sale.— This city has issued at par will be payable semi annually.
$20,000 4% street-improvement and bridurejbonds to the con
Elizabeth City County (Va.) School District No. '1— Bonds
tractors for the work. Securities are dated Oot. 1, 1901, and Proposed.- A t ill before the State Legislature provides for
—
—
.
.
.
. .
H
mature Oct. 1, 1921.
Charlotte, Mich.— Bond Sale.- On December 7 the $20,000
water and the $30,000 6ewer bonds were awarded to N. W.
Harris & Co., Chicago, at 10267 for 4»per cents. Following
are the bids
$50,302 00
N. W. Harris 4 Co.. ChicacO..»51.3.''5 00 First Nat. Bank, Chicago
61,Oto 00 Denlson. Prior & Co.. Cieve. 60,050 00
Parson. Leach 4 Co., Chic
W. J. Hayes 4 Sons. Cleve.. 50,^07 00
Postuni Cereal Co., Battle
60.500 00 Wayne County Savings B'k
Creek.
will
.
.
Detroit...
4 Co.. Cincin. 5o,4O0 00
"
4 Mayer, Cincin. 60.331 10 S. A. K ean, Chicago
For description of bonds see Chronicle last week,
R. Kleybolte
SeasoDROod
.
.
|
60,(0000
60.000 00
p. 1226.
the issuance of $18,000 bonds.
Emporia, Kan.— Bond Sale.— This
citv has sold through
Co., Toledo, an issue of $15,000 4ki* 20-30 year (optional) i el unding water bonds. The new bonds will carry
semi-annual interest from Jan. 1, 1902.
Spiizer
&
Findlay, Ohio.— Bonds Authorized.—The City Council has
authorized the issuance of $1,400 5* 1-5-year (serial) Howard
Street sewer bonds. Securities will be in denomination of
Interest will be payable semi-an$280, dated Nov. 1, 1901.
nually at the office of the City Treasurer.
THE CHRONICLE.
1276
Fort Scott, Kan.— Bond Offering.— B. Hudson, City Attorney, will receive proposals at any time for |2,000 5£ 10year bonds, to be dated Jan. 1, 1902, and for §8,000 bends of
like description to be issued in several inonthp. TheBe bonds
were authoriztd at an election held Oct. 8. 1901, and are put
out for the purpose of "acquiring by lease or purchase natural gas or other lands for the purpose ot supplying the city
with gas." Interest will be payable semi annually.
Gasper, Ga.— Bond Bill Passes House.— The House has
passed a bill authorizing the issuance of St.OOO bonds.
Gloucester, Mass.— Bond Sale.— On December 12 the $780,000 W/zio coupon water bonds were awarded to Lee, HigginCo., Boston, at 103-197— an interest basis of about
son
3 234£. For full description of bonds see Chronic le Dec. 7,
&
p. 1226.
GloversTille, N. l.—Bond Sale.-Oa December 12 the
$16,500 4\^% local-improvement bonds were awarded to the
Fulton County National Bank at 103'33. For description of
[Vol. LXXIII.
100 5% water and light bonds voted at the election held on
Nov.
14, 1901.
Lukewood Special School District, Cuyahoga County,
Ohio.— Bonds Re awarded.—The $15,500 4% 1-15-year (serial)
bonds awarded on July 18 to The Lamprecht Bros. Co.
Cleveland, and afterwards refused r.y that firm, have since
been re- awarded to P. S. Briggs & Co., Cincinnati, at 100266.
See Chronicle Julv 27 and Sept. 14, 1901.
Larchmont, N. Y. Bond Sale.— This village has sold an
issue of $15,( 00 %%% sewer bonds to Dick Bros. & Co., New
York, at 101-57. Securities are in denomination of $500,
dated Jan. 2, 1902. Interest will be payable semi-annually
and the principal will mature $500 yearly on January 2 from
1903 to 1932, inclusive.
Laurens County, S. C.—Bond Sale.— The $75,000 4% 30-year
bonds offered for sale on November 80 were
awarded to Rudolph Kleybolte & Co., Cincinnati, the reported price being 100"06. For description of bonds see
Chronicle Oct. 19, p. 865.
Lawrence, N. Y.— Bond Sale.— On December 9 the $6,600
gold park bonds were awarded to Geo. M. Hahn of New
York at 100'53 for Z% per cents. For description of bonds
see Chronicle D?c. 7, p. 1227.
Leavenworth, Kan. Bond Election. An election will be
held December 31 to vote on the question of issuing $400,000
bonds to purchase the present Leavenworth & Fort Leavenworth Water- Works plant or else to build a new plant for
refunding
bonds see Chronicle Nov. 23, p. 1125.
Hall County, Neb.— Disposal of Bonds.— We are advised
that arrangements are being made with the State Treasurer
for the sale to Ihe State of the $100,000 3}££ courthouse
bonds described in the Chronicle Aug. 17, 1901. The sale,
however, has not yet been consummated. The price to be
paid by the State is par and accrued interest.
Hamilton (Ohio) School District.— Bond Offering.- Proposals will be received until 12 m., December 23, by Fred.
W. Grandolph, Clerk of the Board of Education, for $20,000 the city.
Lewis and Clarke County (Mont.) School District No. 1.
4% bonds. Securities are issued under the authority of Sec—Bond Sale— On December 3 the $250,000 4%% gold refundtion 3994, Revised Statutes of Ohio. They are in denomina
tion of $500, dated the date of sale. Interest will be payable ing bonds were awarded to Farson, Leach & Co., Chicago, at
semi-annually, and the principal will mature $4,000 yearly 10 L -206— an interest basis of about 4 395g. Following are
from 1918 to 1922, inclusive. A certified national bank check the bids
for 6% of the amount of bonds bid for must accompany pro- Farson, Leach A Co., Chic
$263,017 E. H. Rollins 4 8ons, San
H. B. Palmer. Helena
252,815
Francisco
$268,490
posals.
Union Bank & Tr.Co., Helena. 262.765 Mason, Lewis & Co.. Chicago.. 252.286
A. Kean. Chicago
262,600 Denison, Prior & Co.. Cleve.... 261,038
Hampden County, Mass.— Lean Authorized.—The County
Chas. H. Coffin (for ncO.OOO).. 100,261
Treasurer has been authorized to borrow $2,000 for bridge
For description of bonds see Chronicle Nov. 2. p. 973.
purposes.
Lorain, Ohio.— Bond Sale.—On December 10 the highest
Hanover, Ont.— Debenture Offering.— Proposals will be received until 3 P. M., December 21, by W. A. Mearns, M. B. bid received for $24,000 4% paving bonds was that of 100-417
Reeve of Hanover, for $10,000 4%% bonus debentures, to and accrued interest, submitted by the New First National
Bank of Columbus. Following are the bids
mature part t early for twenty years.
New
1st Nat.Bank,Columbus.$24,100 00 R. Klevbolte & Co., Clncin.. .$24,000 00
Hartford, S. Dak.— Bond Offering.— Proposals will be re- Seasongood
& Mayer. Clncin. 24.000 00
ceived until Jan. 7, 1902, by Nels Hangen, Town Clerk, for
Macon,
Ga. Bond Bill Passes House.— The House has
$6,000 5% 15-year water bonds. Securities are in denominapassed the bill providing for the issuance of $900,000 refundtion of $500. A certified check for 5% of the amount of the
ing bonds. See Chronicle Nov. 30, 1901.
bonds, payable to W. B. Knodt, Town Treasurer, must acMadigonville, Ohio. Bond Offering—Proposals will be
oompany proposals. The successful bidder must furnish
received until 12 m., Jan. 11, 1902, by J. A. Conant, Village
blank bonds free of charge.
Hempstead Union Free School District No. 15, Nassan Clerk, for $25,000 4% 20-30 year (optional) electric light and
County, N. Y. Bids Rejected. All bids received Dec. 10 for water bonds. Securities are in denomination of $500, dated
the $25,500 5g bonds described in the Chronicle Dec. 7, Jan. 2, 1902. Interest will be payable January 2 and July 2
at the Cincinnati Trust Co., Cincinnati. These bonds are
page 1227, were rejected.
Hernando County (P. 0. Brooksville), Fla. Bond Elec- issued under the authority of sections 2835, 2836 and 2837,
Revised Statutes of Ohio. Accrued interest is to be paid by
tion Postponed.— We are advised that the election which
was to have been held on December 31 to vote on the ques- purchasers. A certified check for 5% of the par value of the
bonds bid for, drawn on a Cincinnati bank without condition of issuing $30,000 road bonds has been indefinitely posttions, and made payable to the village of Madison ville, must
poned.
Highland Park (Mich.) School District. -Bond Sale.— accompany proposals.
Mansfield, La.—Bond Sale.— The $13,500 5% water- works
This district on December 5 sold an issue of $6,000 5% 10- year
and
electric light bonds'described in the Chronicle Oct. 19
school bonds to H. W. Noble & Co., of Detroit, at 108346.
have been sold to a Chicago house.
Following are the bids
Mansfield, Ohio.— Bond Election. An election will be
H. W. Noble & Co., Detroit. $6,60"> 80 Thompson, Tenney & Crawheld Jan. 8, 1902, to vote on the question of issuing $25,000
Wayne Co. Sav. Bank, Detroit 6.490 80
rora Co., Chicago
$6,380 00
Lamprecht Bros. Co., Cleve... 6,370 80 W J. Hayes & Sons, Cleve
0.303 00
water bonds.
Mantua, Ohio. -Bond Sale.— The $16,000 4%% water bonds,
Securities are in denomination of $1,000.
Hnerfano County (Colo.) School District No. 30.— Bond originally offered for sale on October 15 have been awarded
Sale.—On November 25 $2,000 6£ 5-15-year (optional) bonds to P. S. Briggs & Co., Cincinnati, at 10187 and accrued inwere awarded to Fred. Walsen & Son, Walsenburg, at 101. terest to Jan. 1, 1902. These bonds were described in the
Interest on bonds will be payable semi-annually at the office Chronicle Oct. 12, 1901.
Marion, Ohio. Bonds Authorized. The City Council has
of the County Treasurer. Bonds are in denomination of $200.
Hyde Park, Ohio.— Bond Offering.— Proposals will be re- authorized the issuance of $7,000 4%% street-improvement
ceived until 12 m., Jan. 10, 1902, by Frank Lewis, Village bonds. Securities will be in denomination of $700 and will
Clerk, at the office of F. H, Kinney, Room 110, 519 Main mature one bond each six months from March 1, 1902, to
Street, Cincinnati, for the following
1-10-year (serial) Sept. 1, 1906, inclusive. Interest will be payable semi-annually at the office of the City Treasurer.
bonds
Marlin, Texas.— Bond Sale.— On December 9 the $20,000 5*
$8,031 50 6J6 Oakley Avenue improvement bonds,
—
,
I
.
I
:>.
I
:
I
I
—
—
:
: .
.
—
H
1,645 36 6% Wabash Avenue improvement bonds.
1,665 92 5$ Edwards Road improvement bonds.
1,874 19 5% Isabella Street improvement bonds.
910
779
660
422
00
67
72
16
5-40-year (optional) school- houee, the $18,000 5% 5-40-year
(optional) water and the $16,000 5$ 5-30 year (optional) refunding bonds were awarded to N. W. Harris
Co., Chicago, at 102 # 079. For description of bonds see Chronicle
&
6% Mitchell Avenue improvement bonds.
b% Mornington Avenue improvement bonds.
Avenue Improvement bonds.
bi Minto Avenue improvement bonds.
Securities are dated Dec. 18, 1901. Interest will be payable annually at the Franklin Bank of Cincinnati.
certified check for 2% of bonds, payable to E. F. Walter, Village Treasurer, must accompany proposals. The arucunt
of bonds to be issued may be reduced if any assessments are
paid in cash.
b% Minto
Nov.
23, p. 1126.
(P. 0. New Matamoras), Ohio.—Bond Offering.— Proposals will be received until 12 M., Jan. 4, 1902, by
John W. Berentz, Village Clerk, for $3,000 5% sewer bonds.
Securities are in denomination of $500, dated Sept 1, 1901.
Interest will be payable semi annually at the First National
Bank of New Matamoras. Principal will mature Sept. 1,
Indianapolis, Ind.—Bond Sale.—On December 12 the 1921. A certified check for $200 must accompany proposals.
$195,000 Vy$ emergency bonds were awarded to Geo. A.
Meridian, Miss.—Bond Election.— An election will be
Fernald & Co., Boston, at 100 94. For description of bonds held Jan. 7, 1902, to vote on the question of issuing $25,000
A
Chronicle Dec. 7, p. 1227.
Jersey City, N. J.—Loan Authorized.— A loan of $30,000
for the extension of Columbia Park has been authorized.
Loan will carry interest at a rate not exceeding 4%, and will
mature on or before Jan. 1, 1903.
Kirkwood, Mo.— Bonds Voted.— The election held Nov. 30
resulted in favor of issuing the $25,000 water-supply bonds.
We are advised that it will probably be three or four months
before these bonds will be offered for sale.
Lake Providence, La.— Bonds Authorized.—The Board of
Aldermen has authorized the Mayor to sell at once the $20,see
Matamoras
school bonds.
Meriwether County (P. O. Greenville), Ga.— Bond Sale.
December 5 the $30,000 4% gold court-house bonds were
awarded to Roby Robinson of Atlanta at 96. A bid of
par was received from Seasongood & Mayer, Cincinnati, but
as this bid was subject to an investigation as to the legality
of the bonds to be made by the Cincinnati firm, the same
was rejected. For description of bonds see Chronicle Oct.
—On
26, p. 924.
Midland, Mich.— Bond Offering.— Proposals will be re6, 1902, by Horace D. Holden, City Clerk,
ceived until Jan.
December
THE CHRONICLE.
14, 1901.
As far as possible,
for 19,507 81 4% paving aDd sewer bonds.
the bonds will be in denomination of $1,000, dated April l,
Prin
Interest will be payable annually in Midland.
1902.
cipal will mature one-fifth yearly, beginning April 1, 1903.
The purchaser will be required to furnish blank bonds.
certified check for $200, payable to the City Treasurer, must
A
accompany
proposals.
Mollne, III.— Bond Sale.— On November 29 $15,000 water
bonds were awarded to Farson, Leach & Co., Chicago, at
101847, accrued interest and blank bonds free of charge.
Following are the bids
For 1% Ptr Centi ( Cont.)
For 4« Per Cent*.
Farson. Leach A Co.. Chlo..*t$16,277 00 W. J. Hayes A SonB.CI«ve.*t$16.077 00
:
Teuney A CrawGeo M.Hecbtel A Co. Dav'pt. 16.608 M> Thompson.
16.0/rt 00
foru Co Chicago
•tl6,«2H 00
N W liarrla A Co.. Cluo
Lewis
Mason.
A Co.. Chic... 15.088 60
•16.1(18
75
K.' Kleybolte A Co.. Cinoln...
For4 P,r Cent*.
16.160 00
8.A. Kean. Chicago
John Nuveen A Co., Chloauo.tl5.C00 00
* And accrued Interest. + And blank bonds free of charge.
Securities are dated Sept. 2, 1901, and will mature $8,0f0
on Sept. 2, 1904, and $7,000 on Sept. 2, 1905. Interest will
..
be payable semi-annually.
Montgomery, Ala.— Bond Ordinance Vetoed.— The City
Council on November 25 adopted a resolution granting A. M.
Baldwin, President of the First National Bank of Montgomery, a ten-day option on the $75,000 4}4% 40-year bonds which
this city has had on the market for some months. The price
offered by Mr. Baldwin is par and accrued interest. The
Mayor, however, vetoed the resolution on Nov. 26, 1901. See
Chronicle Aug. 24. July 20 and June 22, 1901.
Monroe County, Iowa.— Bonds Authorized.—This county
has authorized the issuance of $75,000 court-house bonds.
These bonds, we are advised by A. C. Pabst, County Treasurer, will probably te sold some time during April or May
of next year.
Mount Vernon, N. Y.— Bond Sale.— On December 10 the
$16,000 4% tax relief bonds maturing Dec. 1, 1904. and the
$38,000 4% assessment bonds maturing Dec. 1. 1906, were
Sins, Cleveland. For descripawarded to W. J. Hayes
tion of bonds see Chronicle Nov. 30, p. 1176.
&
Need ham, Mass.— Water Bonds Proposed.— At a town
meeting held November 26 it was voted to petition the State
Legislature to authorize the Water Commissioners to issue
$25,000 additional water bonds.
Newark, H. J. —Bond Offering.— Proposals will be received
until 3 p. M., December 18, by Frederick T. Johnson, City
Comptroller, for $500,000 Z%% track-elevation and $800,000
%%<& hospital bonds. Securities are issued in the form of
registered bonds of from $1,000 to $10,000 each, at the option
of the purchaser; all bonds, however, must be of one denomination. They are all dated Jan. 1, 1902, and will mature
Interest will be payable semi-annually at the
the Commissioners of the Sinkirg Fund, Newark.
Bonds will be certified to as to genuineness by the United
States Mortgage & Trust Co., New York City. Separate
bids are to be made for each issue. A certified check tor 5jg
of the par value of the bonds bid for must accompany propofals. Bonds are exempt from tax.
New Bern, N. C. Bonds Voted.—This city has authorized the issuance of $15,000 light bonds by a majority of 156.
New Kochelle, N. Y.— Bond Sale. On December 10
$23,000 4% registered street- improvement bonds were awarded
to O'Connor & Kahler, New York, at 106 '36. Following are
the bids :
Jan.
1,
1932.
office of
O'Connor A Kahler, New York.lO«-8fl
»112009
Farson. Leach * Co., N. Y
W. J. Hayes A Sons.Cleveland«lll-51^
I.amprecht Bros. Co., Cleve....*110-219
'109-76
New York
Todd A Co.. New York... '10800
M. A. Stein.
W.
R.
A
R. Kleybolte
Co..
New
York.. 105-60
Lawrence Barnum A Co.,N. Y..104
•
-
73
100-00
Geo. E. Galgano
Bids Irregular and rejected.
Securities are in denomination of $1,000, dated Dec. 1,
Principal
1901.
Interest will be payable semi-annually.
will mature Dec. 1, 1931.
New York City.— Bond Sale.-On December 12 the $7.891,
0C0 3^£* gold corporate stock of this city was awarded to
Kubn, Loeb &
Co. and Farson, Leach
& Co
City at 106-291— an interest basis of about
are the bids
Kuhn, Loeb A Co.. New York
{ WhniA
issue
Wn0le 1S8Ue
Farson,
New York
Leach. A Co..
Central Realty Bond A Tr. Co., N. Y...
Lewiaohn Bros., New York
Kountze Bros.. New York
Union Trust
Co.,
New
Following
^
io«-2hi
100
1
Whole
106-271
issue
J
f625,CO0 due 1941.
lor 6*6.(00 due 1918.
(
350.000due 1948
York... < or 860,000due 1941
(or 360.000due 1921
4,fc91,000 due 1911
New
New York...
Speyer A Co., New York
Kedmond Kerr A Co., New York
Kountze
3-222;?.
i
>
York.
Co.,
New York
{
|
Knickerbocker Trust
of
Bros..
)
£
f
Harvey Fisk A Sons. New York
Vermilve
A Co New
Npw Ynrk
vermnyesco.,
York
i
Dominlck A Domiuick. New York
i
J
I
\
Rhoades A Richmond. New York
Franklin Trust Co., Brooklyn
106-76
107-26
(
A11 or
All
106-9fl.H6
104-6183
.10567
nnn
none»
due
due
ue
SWJn'i! due
5
f
1.000,000
1,0)0,000 due
1,000,000 due
600.000 due
lw
lOfi-128
105
1948
1918
1C601
?of}
1911
1941
'941
i^'.tW
106-39
J05-29
105-19
1921
10j-«!6
5£2-£22 2 ue I? ,?
600,000 due
1921
650,000 due 1941
}?S'11
103-06
$1,600,000
1.000,000
8l
10-;-6136
100,000 due 1948
Or 100,(00 due 1941
26,000 due 1941
<
26,000due 1P41
25,000 due 1911
26,0l0due 1941
\
or 26,o00due 1921
lor 25,C00due 1921
lor 26,000 due 19m
lor 26,000due 1921
5,000 due 1921
J
John
L. Butterweieer
Henry Clayton. Brooklyn
Total of twelve bids received was $41,185,000.
scription of bonds see
Chronicle Nov.
7
101-76
104-42
...
10160
10i!-6'i
103-50
104'5>)
101-60
lor.'.O
.
.10250
103-00
10297
For
30, p. 1177.
Bondt Authorized— The Aldermen have authorized the
suance) of $70,000
V/2 l
is-
school boi
—
Norwood, Ohio.— Bond Salt'. On December 2 the highest
bid received for the $20,00') 4% 15-year eltctric light bonds
was that of the German National Hank of Cincinnati at
102-485— an interest basis of about 3 7^2?. For description of
bonds see Chronicle Nov. 16, p. 1070
Oak Harbor School District No. 0, Island County, Wash.
—Bond Sale.— On December 3 the $2,500 10-year bonds were
Co., Seattle, at 101-04 and
D. Perkins
awarded to
blank bonds for b]4 per cents. Following are the bids
&
Wm.
:
For t% Per Cents.
D. Perkins A Co
For 6 Per Centt.
$2,626 00 H. K. Noble
fZ.oOOQPar
Wm.
P. P. Caster
l,f6oc»Par
Thompson, Tenney A Craw$2,611 00 A da Caster
06O0» Par
ford Co., Chicago
For 6 Per CtnU.
$500® Par
I.W. Clapp
—
Oeeana County, Micb. No Bonds to be Issued. We are
advised that the county has enough caeh on hand to build
the new $15,000 jail, and that no bonds will therefore be
issued for this purpose.
Omaha, Neb.— Bond Offering.— Proposals will be received
until 3 P. M., Dec. 19, 1901, by A. H. Hennings, City Treasurer, for $49,500 4% street improvement bonds, as follows
:
$7,000 bonds. District 684. maturing $600 In 9 years, $500 in 3 years. $1,000 In
4, 5, 6. 7, 8 and 9 years.
7,600 bonds, District 690, maturing $500 In 2 years, $1,000 In 3, 4, 5. 6, 7, 8 and
9 years.
11,000 bones. District 697. maturing $600 In 2 years, $1.6C0 In 3, 4, 6, 6, 7, 8 and
9 years.
4,600 bonds, District 710, maturing $600 In 2, 8, 4. 6, 6. 7 and 8 years. $1,000 In
9 years.
8,600 bonds. District 716, maturing $1,000 in 2, 3, 4, 6, 6. 7 and 8 years, $1,500 in
9 years.
1,000 bonds. District 778, maturing $600 in 5 and 9 years.
8.6€0 bonds. District 768, maturing $600 In 3, 4, b fi, 7, 8 and 9 years.
8.0<
bonds, District 792, maturing $500 In 8, 6, 6. 7, 8 and 9 years.
3,600 bonds, District 793, maturing $600 in 1, 2, 3, 4, 6, 7 and 9 years.
Securities are in denomination of $500, dated J in. 1, 1902.
Interest will be payable annually at Kountze Bros.,
York City.
certified check for $1,000 on a national bank,
payable to the city of Omaha, must accompany proposals.
New
A
Oshkosh, Wis.— Bonds Proposed.—The City Council is considering the question of issuing $20,000 street-improvement
bonds.
Oswego, N. Y. Water Bonds Not to be Issued at Present.
are advised that it will probably be about forty five days
before the city will issue the $550,000 3%$ 20-year bonds for
the purchase of the existing water plant. It has been decided that special legislation will, be necessary before the
bonds can be advertised for sale.
Owen Sound, Ont. Debenture Offering.— Proposals will be
received until 3 p. m, December 16, by Alfred J. Spencer,
Town Treasurer, for $46 216 32 4% local-improvement debentures.
Securities are dated Sept. 2, 1901, and will mature
$4,913 26 on Sept. 2, 1911 and $4,103 C6 on Sept. 2, 1921. Interest will be payable semi-annually.
The purchaser will be
required to pay accrued interest.
—
—
We
Peoria Township,
&
111.
Bonds Refused.— MacDonald, Mc-
Co.. Chicago, who on November 4 were awarded
$66,000 3%% 10 20-year (optional) refunding bonds, have declined to take the same unless the question of issuing the
bonds is again submitted to the voters. The Chicago firm
claim that the notice of the election was not properly given.
Local papers state that the township will not hold a special
election for the re-authorization of these bonds, but will
probably submit the question at the election next spring.
Coy
Philadelphia, Pa. Loan Authorized.—The City Councils
have authorized a temporary loan of $350,000,
Pleasant Ridge, Ohio.— Bonds Voted.— This village has
voted to issue $25,000 water- works bonds. No steps, we are
advieed, have been taken as yet by the Village Council looking towards the issuance of these bonds.
Pomeroy, Ohio.— Bond Offering. We are advised by Abe
A. Maspar, City Clerk, that proposals will be received until
Ip.m, December 30, for $4,032 07 (or less) Q% sidewalk bonds.
Securities are dated Sept. 1, 1901, and the interest will be
payable semi-annually. They are issued under the authority
of Section 2330a, Revised Statutes of Ohio.
Pottsville, Pa.— Bond Offering. — Proposals will be received until 7:30 P. M., December 17, by G. A. Berner, Town
Clerk, for $2,500 4% 1-5- year (serial) building-improvement
bonds. Securities are in denomination of $500, dated Jan. 1,
1902.
Interest will be payable semi-annually.
—
Preble County, Ohlo.-Bond Sale— On December 7 $10,000
4t ditch honds were awarded to the Preble County National
Bank of Eaton at 100*32. Following are the bids
Creole Co. Nat. Bank, Eat on... 10032
100-25
New 1st NauBk., Columbus
Denlson. Prior A Cc.Cleve
100 31
Securities are in denomination of $500, dated Dec. 7, 1901.
Principal will maInterest, will be payable semi annually.
ture $1,000 each six months from June 7, 1902, to Dec. 7,
:
I
105-66
\
Newton, Muss.— Loan Authorized.— A temporary loan of
$100,000 has been authorized.
I
105-91
4
1277
full de
1906, inclusive.
Richland County (P. O. Mansfield), Ohio.— Bonds AuThe County Commissioners have authorized an
thorized.
—
additional $40,C00 bonds for the re-modeling of the courthouse. An iseue of $50,000 bonds has already been sold for
this puipose.
Roberts County, S. Dak. Bond Offering.— Proposals will
be received until 2 P. m., Jan. 8, 19J2, for $40,000 4% courthouse and jail bonds and $10,000 4% poor-asylum bonds. Securities are issued under authority of Chapter 49, Laws of
1899.
Interest will be payable January 1 and July 1. Principal will mature in twenty years, subject to call after five
years.
THE CHRONICLE.
1278
—
The City Comptrol
Rochester, N. Y.— Temporary Loan
on December 6 sold $90,000 city notes (issued for the purpose of taking np an equal amount of local improvement
notes now due) to Lunt & Robbms of Rochester at 3'75£.
Following bids were received
Lunt& Bobbins. Kochi'ster
3'75J Ganesoo Valley National Bank,
40O*
Broadway Havings Inst'n, N. Y...8'76S
Qeneaeo
Vlu*
Dunsconib & Jennlson. N. Y
,8*80)1
ISInke Bros. ,V Co.. Now York
ler
:
.
Monroe Co.
8av. B'k, Kochester
Rochester Sav B'k. Kochester..
Rochester Trust* Sale Deposit
.8*9o<
.8*96$
,
Co
4"54*t
Rockland, Me.— Bonds to be Offered Next Month.— This
city will offer for sale next month an issue of $35,000 Z%i
15-year refunding bonds to be dated Feb. 1, 1902.
Rockville Centre, Nassau County, N. Y.— Bond Sale.— On
December 10 the $10,000 5-24-year (serial) water bonds were
awarded to Geo. M. Hahn, New York, at 101 -13 for 3'65 per
cents— an interest basis of about 3-55£. For description of
bonds see Chronicle Dec. 7, p. 1228.
Rock-wood, Tenn.— Bond Offering.— Proposals will be received at any time by J. H. Wilson, Mayor, for $6,000 5% 20year water and light bonds. These bonds were authorized
at an election held November 20. Interest will be payable
annually.
Rye and Harrison (N. Y.) School District.— Bond Sale.—
On December 11 two $500 4% bonds maturing in 1917 and in
1918 were awarded to the People's Savings Bank of Yonkers
at 102-92.
St. Joseph, Mich.— Bonds Re-sold.—It appears that the
right to the $12,000 4% 20 year electric-light bonds awarded
on April 4 last (as stated in this Department at the time) to
T. L. Wilkinson was subsequently transferred by that party
to S. A. Kean of Chicago. Mr. Eean, we are advised, desired before taking the bonds that another election be held
to authorize the same, but this request the City Council refused to grant, and quite recently the securities were reawarded to the Farmers'
Merchants' Bank of Benton Har-
&
bor.
Michaels, Md.— Bond Sale.—The $12,000 4* 50- year
water bonds dated Oct. 1, 1901, offered but not sold on June
15, and again on September 24, have been disposed of to
Hambleton & Co.. Baltimore.
Salem, Mass.— Temporary Loan. This city has borrowed
$60,000 irom the Eliot National Bank of Boston at 3'44<f.
St.
—
NEW
[Vol. LXXIII.
— We
San Juan, Porto Rico.
received
November
Bids.
23 for the $600,000
give below the bids
10 20-year (optional)
6<*
bonds
1030fl25
Y
1st Nat.B'k. ColumbUH...]
Seasonifooil * Mayer, Clnein lG0 i;2S
M.CoballosACo.. N.
.J.
New
-
.
Mar-on. Lewln ft Co.. Chicago
10C-00
R. Kleybolte & Co. (less 12, woo
allowance)
lOO'OO
•}
As stated two weeks ago, the bonds were awarded to J. M.
Ceballos & Co. ot New York City, and the award has since
been approved by the Executive Council of Porto Rico.
Sault Ste Marie, Mich. Bond Sale. Rudolph Kleybolte
Co., Cincinnati, were the successful bidders on November
25 for the $70,000 4% 1-5-year (serial) gold trunk sewer oonds,
at a price said to be 100 01.
For description of bonds see
—
&
Chronicle Nov. 16, p. 1077.
Seattle (Wash.) School District— Bonds
Voted.— The
November
30 to vote on the issuance of $275,000
school-house bonds resulted in favor of the bonds by a vote
of 146 for to 13 against.
are advised that
Sharon, Pa.— Price Paid for Bonds.—
the price paid by Alexandria McDowell of Sharon for the
$60,000 3J^$ 5 80 year (optional) sewer bonds was par and
election held
We
accrued interest.
Sibley (Iowa) School District.— Bond Election.— An election will be held in this district to vote on the question of
issuiDg $10,500 school-building bonds.
Springfield, Tenn. —Bonds Voted.— This city has voted to
iasue $25,000 water-works bonds.
Swissvale, Pa.— Bond Election. An election will be held
in this borough on Feb. 18, 1902, at which the question of
issuiDg $60,000 bonds for additional sewers will be submitted
to a vote of the people.
Tempe, Ariz.—Bond Sale.—The $30,000 5% 20 year water
bonds offered for sale on November 25 have been awarded to
D wight B. Heard of Tempe.
—
Toledo (Ohio) School District.— Loan Authorized.—The
Board of Education has authorized a loan of $9,000 to meet
certain bills.
Utica, N. Y.— Loans Authorized. — Loans aggregating $48,900 have been authorized for the following purposes: $15,000
for the school fund, $14 000 for the police and fire fund,
$10,000 for the city fund, $6,500 for the street lighting fund,
$1,700 for the street-cleaning fund, $1,200 for the bridge fund
and $500 for the repair fund.
NEW
LOANS.
LOANS,
$1,000,000
NEW LOAN,
City of Baltimore, Md.,
REGISTERED STOCK.
$7,891,000
CITY OF
Proposals will be received until noon, Monday,
December *3d, 1901, at tbe Mayor's Office, City Hall,
Baltimore, for the purchase in whole or in part of
$1,000,000 registered stock of the City of Baltimore,
known as " Western Maryland Railroad 1952 Refunding Loan," bearing interest at the rate of 3X
per centum per annum, payable semi-annually on
the 1st day of January and July of each and every
NEW YORK
year.
Interest will commence January 1st, 1902, and the
stock will be deliverable the following day.
This Btock is issued by virtue of Ordinance No. 18,
approved March 9th, 1898 (amended by Ordinance
No. 32, approved February 8tb, 1900), authorizing
the issue of $1,000,000 of stock for the purpose of
paying to the holders thereof the Western Maryland Railroad 6% 1902 Loan, amounting to $1,000,000
issued by the Mayor and City Council of Baltimore
31% Gold Bonds.
Exempt from
taxation
In
New
York.
REGISTERED.
and maturing January
1st, 1902.
city does not tax its own issues of stock and
pay the tax imposed on this issue by the State
of Maryland in place of tbe holders thereof.
Proposals must be sealed and addressed to David
Ambach, President of Commissioners of Finance,
and marked "Proposals for W. M. KR., 1952 Refunding Loan."
The right is reserved to reject anv and all bids.
The
$2,500,000 RAPID TRANSIT, due November, 1948.
4,891,000 (various), due November 1941.
500,000
AQUEDICT, due October, 1921.
will
NEW
DAVID AMBACH,
President Commissioners of Finance.
For Price and particulars apply
J.
SEWELL THOMAS,
Clerk Commissioners of Finance.
kiilm,
Loeb & VADI7
Co.
XTTPlXr
NEW
Filrsoii,
Leach
"*
YORK.
& Co.
NEW
$50,000
YORK.
FERGUS COUNTY, MONT.,
NOTICE.
MUNICIPAL
Bondholders of the
AND
CITY OF AUSTIN, TEXAS.
Public
A
Plan of Adjustment having been agreed
to between the City of Austin and the Bondholders' Committee, the city has beeu empowered by a Special Act of the Legislature
to consummate said arrangement.
It is
expected that the new bonds will be ready
for exchange by January 1st, on which exchange all accrued interest on the bonds
exchanged will be paid in cash.
Copies of the Report of the Bondholders'
Committee, the Plan of Adjustment, etc., can
be had by application to the NEW YORK
SECURITY' As TRUST COMPANY, 46 Wall
New York City.
CHARLES 8. FAIRCHILD,
E. H.
/
(
)
Bondholders'
Committee.
ROLLINS & SONS
BOSTON.
Denver.
San Francisco.
Blodget, Merritt
&
Co.,
BANKERS,
16
x
Corporation
BONDS.
Street,
JAMES A. BLAIR,
JOHN W. STERLING,
BRECKINRIDGE JONES,
Service
GOLD REFUNDING BONDS.
Congress Street, Boston.
15 Wall Street,
New York.
STATE, CITY & RAILROAD BONDS.
The Board of County Commissioners of Fergus
County, State of Montana, will, on the 19th day of
December, A. O. 1901, at the hour of 2 o'clock P.M. at
their office in the City of Lewistown.ln said County,
receive proposals tor the sale of Fifty Thousand
Dollars of Fergus County Refunding Bonds, issued
for the purpose of redeeming a like amount of the
bonds of said 'County, of the issue of 1891, now
outstanding and redeemable.
The bonds to be Issued pursuant to the provisions
of Articles. Part 4, Title 2, rf the political Code of
the State of Montana, and the laws amendatory
thereof; said bonds will bear interest at a rate not
to exceed 6 per cent per annum and will be payable
January 1st. Iv22, and redeemable after the 1st day
of January. 1W12.
Bidders must state the minimum rate of interest
that they will purchase bonds drawing. Bonds to
sell
at par.
Proposals should be addressed to "C. M. Kelly,
County Clerk, Lewistown, Fergus County, Montana,"
and marked " Proposals lor bonds."
Tbe Board of Commissioners reserve the right to
reject any or all bids.
By order of the Board of Commissioners,
SAMUEL PHI LLIPd, Chairman.
Attest: C, M. KELLY, County Clerk.
THE BEST INDUSTRIALS,
Paying from 7% to 10!*.
STANTON, 3 Broad St.
J. S.
Decembek
THE CHRONICLE.
14, 1901.]
1279
Valley Sprlugs, S. Dak.— Bonds Voted.— This village has
voted to issue $6,000 water bonds. We are advised by F. L.
Skillman, Village Treasurer, that theee bonds will not be put
out until the latter part of the winter.
Velasco School District, Brazoria County, Texan.— Honda
Voted. At the election held November 2'J to vote on the
question of issuing $6,000 school- house bonds, the proposition
carried almost unanimously. These bonds were voted at an
election held June 20, but when they were submitted to the
Attorney- General for approval it wad discovered, according
to reports, that some of the necessary data relative to the
former election were missing, and a new election had to be
West Houiewtead, I'd.— Bonds Author izad.—-The Borough
Council has authorized the iMuanec <>t $•"'(, 000 improvement
bondn, for which $38,000 will be uBed for sewers and $12,000
for a town hall.
called.
thorized a loan of $10,000 for municipal purposes.
Warwick, R. I.— Bond Bill Passes House.—The House has
passed the bill providing for the issuance of $400,000 %%% :50year bonds.
Waterford, Conn.— Note Sale.—This town has borrowed
$30,000 for seven years from the Mariners' Savings Bank of
Worcester, Mass.— Bond Sale.— The Sinking Fund Com%%% 30-year sewer
bonds at 107 78— an interest basis of about 3 lOjf.
Wylam, Ala.— Bond Offering.— Proposals will be received
until 4 p. m.. December 20, by E. J. Murta, Town Clerk, for
$5,000 &% 10-20-year (optional) school bonds. Securities are
in denomination of $1,000. Interest will be payable in Birmingham or in New York City. A certified check for
$200, payable to the Town Treasurer, must accompany pro-
West Salem, Wis.— Bond ffote.—On
the $3,000
5% water drain bonds wero awarded to the La Cruj-bo County
Bank of West Sale-in at par.
For description of bonds see
I
—
New London
CHRONICLE Nov.
Wheeling,
missioners have taken an issue of $100,000
Bond Offering.— Proposals will be received until 12 M., Jan. 6, 1902, by Chas. D. Reed, Village
Clerk, for $7,000 water and electric-light-plant bonds. Securities are issued under the authority of sections 2835 and
2837, Revised Statutes of Ohio. They are in denomination of
Interest will be payable March 1 and September 1.
$1,000.
Principal will mature in 25 years. Accrued interest is to be
paid by purchaser. Either money or a certified check on
the Waynesville Natl Bank for $200 must accompany bids.
Westfleld Union Free School District No. 1, Chautauqua
County, N. Y.— Bond Offering. Proposals will be received
until 7 v. m., December 20, by Grant S. Flagler, Clerk of the
Board of Education, for $35,000 "&%% registered bonds. Securities are in denomination of $1,000, dated Jan. 1, 1902.
Interest will be payable semi-annually at the National Bank
of Westfield in exchange on New-York City. Principal will
mature $1,000 on Jan. 1, 1910, and $2,000 yearly on January 1
from 1911 to 1927, inclusive. A certified check for 5% of the
face value of the bonds bid for, payable to the Clerk of the
Bidders must use the
district, must accompany proposals.
printed form of proposal furnished by the above-mentioned
Clerk. These bonds will be certified to as to genuineness by
Trust Co. of New York City.
the United States Mortgage
posals.
District No. 37— Bond
December 7 the §1,000 15-year (optional) school
bonds were awarded to the State Land Commissioners of
Washington at par for 5 per cents. Following are the bids
Yakima County (Wash.) School
Sale.
:
Laud Coinmie'ra (6* bds.)..f 1,000 Win. D. Perkins & Co. (0* bds.).. $1,001
1,005
Spokane & E. Tr. Co. (5^*bds.). 1,000 II. D. Noble (85C bonds)
Yonkers, N. Y.— Bond Sale—On December 10 the $50,000
Co., New
Zlii water bonds were awarded to Allen, Sand
York, at 103 42— an interest basis of about 3*26£. Following
are the bids
&
:
Allen. Sand &, Co.. New York. .103*42
10340
Dick Bros. & Co.. New York
102*80
Jno. 1). Everltt 4 Co.. N. Y
Geo. C. White Jr.. New York.... 102-77
W. H. Todd & Co.. New York... 102*70
102*477
Denison, Prior & Co., Cleve
.
N. Y. Office. 1442 Broad-Exchange Bid?.
MASON, LEWIS & CO.
BANKERS,
CHICAGO,
BOSTON,
00 Devonshire
MUNICIPAL
RAILROAD
CORPORATION
St.
BONDS.
$88,000
Mclean county, Illinois,
Court House Rebuilding Bonds.
AsBesBed valuation
$19,309,778
Actual valuation
96,648,890
Indebtedness, including this issue
828,000
Population, Census 1900, 67,813.
City of BloomiDgton Is the county seat.
The entire bonded debt of this county was created
to rebuild the Court House destroyed by fire about
two years since. McLean County Is not only the
largest In the state, 1,166 square miles, but Is one
of the moBt fertile and wealthy.
Legality of issue approved by Storey, Thorndlke &
Palmer, Boston, Mass.
WILD &
CO., Bankers,
Indianapolis.
WE
Choice lnuei.
Street
INVESTMENTS.
J. F.
OFFER. TO YIELD ABOUT
Railway and Gas Companies.
LIST ON APPLICATION.
3*.
&
Co.,
100*76
Butte Electric
N.
INVESTMENTS.
W. HARRIS & CO.,
BANKERS.
31 NASSAU ST.,
CHICAGO.
Deal exclusively
NEW YORK.
BOSTON.
In municipal,
Railroad and other bonds adapted
for trust funds and savings.
IBBVB TRAVELERS' LETTERS OF CREDIT
A VAJLABLE IN ALL PARTS OF THE WORLD.
Quotations furnished for purchase, sale or exchange.
SEND FOR LIST
December
Investments.
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
FARSON, LEACH &
$400,000
CO.,
NEW YORK.
CHICAGO.
(Total Issue, 81,000.000)
MacDonald, McCoy
.
Yonkers Savmus liauk
—
*21,000 due November 1, 1902.
24,000 due November 1, 1901.
26,000 due November 1, 1905.
17,000 due November 1, 1906.
Price yielding 8)4 per cent.
CHICAGO.
Karson. Leach A Co.. New York.l02*39
10223
Geo. M. Hahn. New York
102*16
M. A. Stein, New York
W. J Hayes & Sons, Cleveland.101 *8«
Hor description of bonds see Chronicle Dec. 7, p. 1229York, Pa. Bonds Authorized. The Common Council has
authorized the issuance of $39,000 street and $26,000 sewer
V/% $ 20-30-year (optional) bonds. Securities will be exempfrom all taxation; the interest will be payable semi-annually.
Dat ed November 1, 1901. Denominations $1,000 each
Salle Street,
[•nadnock Building,
1
I
&
238-240 La
—On
State
—
4:'
election will be
on the question of issuing refund-
Wobnrn, Mass.— Loan Authorized.— The Council has au-
at 4*.
INVESTMENT SECURITIES,
Va.—Bond Election.—An
held December 28 to vote
ing bonds.
Waynesville, Ohio.
INVESTMENTS.
Geo. D. Cook Company,
23, p. 1128.
YV.
& Power Co.
Butte, Mont.,
AND CORPORATION
MUNICIPAL
BONDS.
171
La
3 per cent 1st Mori-tune Kinking Fund
Gold Bonds.
Denomination,
Salle Street, Chicago.
NASSAU
T. B. POTTER,
MUNICIPAL and Dnkin c
ILLS.
LIST ON APPLICATION.
MUNICIPAL
and
CORPORATION
BONDS
Netting from '&% to 6£ always on hand.
DUKEM.FARSON&CO.
115 Dearborn
St.,
CHICAGO.
Send for our Investment Circulars.
1
EDW.
C.
&
NEW YORK
Co.
CITY.
-
PHILADELPHIA,
-
R.
F.
CO.,
1
NASSAU STREET
112 SO.
FOURTH STREET
-
FULTON &
la
salle
Due 10-20 y.
May and November at
16,1 00L
Interest lEth
UNION TRUST
CO.,
NEW YORK.
814,-iOO.OOu
Actual Property Value
Assessed lurtaxatlon
Only Oebi, this issue
Population, 1901
075,000
lOO, UOO
Over •.£, OOO
ti,
OFFERED BY
SHEPARD &
E. D.
31 Nassau
St.,
CO., Bankers,
New York.
MUNICIPAL BOND8.
E. C.
STANWOOD &
CO..
BANKER*.
Devonshire Street
BOSTON.
CO.,
street,
CHICAGO.
Dated Nov.
121
Municipal Bonds,
171
Refundiug Bonds.
Legality approved by Messrs. Dillon 4 Hubbard.
Cheyenne, the State Capital, la the County Seat.
3^s.
JONES &
NEW YORK,
H
to 30 years.
Allenhurst, N. J., 4Hs.
Perth Amboy, N. J., 4s.
Southern Pines, N. C, (is.
York (Pa.) County Traction Co., gold 5s.
172 Washington Street,
•
ST..
New Orleans, La., 4s.
Town of Covert, N. Y.,
CORPORATION BONDb,
•
Maturing
Rudolph Kleybolte
1
CHICAGO,
$1,000.
LARAMIE COUNTY, WTO.
Attractive oi Minnesota Bonds
Yielding an exceptions] net return.
Write fer
HARRY
B.
full particular-..
POWELL A
Woodstock, Vermont.
CO..
THE CHRONICLE.
1280
[Vol. LXXIII.
financial.
Insurance.
THE GRAND PRIX
OFFICE OF THE
Jftuattjctal.
(VV^WV^rt«V>/lAW
&
Perry, Coffin
Burr,
INVESTMENT BONDS.
ATLANTIC MUTUAL
60 State Street,
INSURANCE
BOSTON.
New York. January 22d,
WAS AWARDED AT TUB PAHIB EXPOSITION TO
INVESTMENT BONDS.
8END FOR
LIST.
DENISON, PRIOR & CO.
BOSTON.
CLEVELAND.
&
Seasongood
WHITING'S STANDABD
Streets.
PAFEBS.
They are the only American papers which hare
ever received this— the highest honor that can be
conferred.
It means they are the most perfect
made. Insist on having them for your One correspondence and your office stationery. Are you using
Whiting's Ledger Papers In you Blank-Book
Samples and booklet free.
.
WHITING PAPER COMPANY,
hol yoke. mass..
Mayer,
W. Corner Third and Walnut
S.
And
MUNICIPAL BONDS.
Town and
8ECURE BANK VAULT8.
Sohool Bonds
Issued In leading prosperous States of the Dnlon,
especially adapted for safe and permanent Investment for Estates and Trust Funds.
City, County,
of the Company, submit the following statement of Its affairs on the 3i.t of December,
1900:
Premiums on Marine Risks from
1st January, 1900, to 31st December, 19O0
$3,278,413 54
on Polloles not
marked off 1st January, 1900.
828,796 25
Premiums
Total Marine
Premiums
off
94,107,209 79
from 1st
January. 1900, to 31st December,
1900
$3,407,886 18
5%
GOLD BONDS
upon application."
TROWBRIDGE: & NIVER
First National
Bank
drilled,
and positively
CHROME STEEL WORKS,
Kent Ave. Keap and Hooper Sti„
BROOKLYN. N.Y
S Die Man'f 'ers In the U. 8.
WHITE &
G.
J.
CO.,
Engineers, Contractors,
York.
BROADWAY,
HAHN, BONDS,
CORDAGE
8
RE
J. G.
jg fix SPECIALTIES.
LAB
it'-i
a
WHITE
Financed
Collet; e
CO., Limited.
Hill, Cannon Street.
«fc
HAS KINS &
THE AMERICAN
MANUFACTURING
COMPANY.
WAXL 8TMXBT. KBW YORK.
63
Light and
Electric Railways, Electric
Power Plants
Electric
Designed and Built.
LONDON CORRESPONDENTS:
J
SELLS,
Certified Public Accountants,
BROAD
30
'204
For Length and Quality
Dearborn
NEW YORK.
ST.,
St.,
30 Coleman
CHICAGO, ILL.
LONDON,
St.,
E. C,
WM. FRANKLIN HALL,
of Service
Accountant,
THE
Exchange Building
Remington
53 State Street
BOSTON, MASS.
Books audited.
Examinations and Investigations conducted with the utmost
Typewriter
care and efficiency.
DEFIES COMPETITION.
JAMES PARK,
Wyckoff, Seamans & Benedict, 52 Broadway,
New York.
327 Broadway, New York.
D. A. KEISTER
CO.,
&
&
Public Accountants and Auditors,
Co.,
UNOOBPORATSD.)
COMMERCIAL PAPER,
8.
W.
Cor.
Monroe & La
In
1899 and pre-
vious years
$416,202 81
occurred and
were estimated
and paid In 1900 1,101,744 24
$1,517,947 05
Less salvages
150,807 00
$1,367,640 05
Returns of Premiums & Expenses. $399,096:13
The Company has the follow-
111 47 A am ti ll
United States' and State of New
*
York Stock,
Salle Sts., Chicago.
CHRONICLE VOLUMES FOR SALE.
1870 TO BATE.
WILLIAM B. BANA COMPANY,
*INE ST., CORNER PEARL ST., N. V.
wall
60
street,
new
york.
&
City,
Bank and
$5,587,024 00
other Stocks
Loans secured by Stocks and
special deposits In Banks and
Trust Company
1,693,805 82
Estate oor.
Wall & William
8treets, cost. . . $1,050,000 00
Paid toward erection ofjnew building
622,873 59
Other real estate
and claims due
75,000 00
the Company...
Seal
.
1,747,873 59
Premium Notes and
Bills
Re1,156,783 60
ceivable
Cash in the hands of European
bankers to pay losses under
polloles payable In foreign
195,818 81
183,434 83
countries
flash In
Bank
AJaonnt
$10,514,740 65
Six per cent Interest on the outstanding oerslncates of profits will be paid to the holders
'hereof, or their legal representatives, on and
after Tuesday, the fifth of February, next.
The outstanding certificates of the Issue of
1895 will be redeemed and paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the fifth of February next,
from which date all Interest thereon will cease.
The oertinoates to be produced at the time of
sayment, and canceled.
A dividend of Forty per cent Is declared on
the net earned premiums of the Company for
the year ending 31st December, 1900, for whloh
certificates will be Issued on and after Tuesday, the seventh of May, next.
By order of the Board,
J.
Public Accountant and Auditor,
A. G. Becker
Losses paid during
the year which
were estimated
Burglar Proof.
20
N. Y.
and
Investigations
Reports on
Broker in Investment Securities,
Electric Railway, Gas, Electric
NEW YORK.
WALL STREET
Light, and Power Transmission
TRANSMISSION ROPE.
Properties for Financial Institutions and Investors.
M. G.
10
New
Flat Bars and 6-ply Plates and Anglei
FOR SAFES, VAULTS. Ac
Cannot be Sawed, Cut, or
WANTED:
31 Nassau Street.
GENUINE
WELDED CHBOME STEEL AND IROK
CO.,
LANDS IN NORTH AND SOUTH
DAKOTA AND TEXAS
Correspondence with owners solicited.
THE A MALGAKIATED LAND COIHPAN V
23,833 86
$369,862 25
CHICAGO.
Building,
f 346,028 89
received
during the year.
Round and
sent
Interest received
during the year,
Bent
"Full description of specially
attractive
1901.
In conformity with the Charter
Premiums marked
Duane Street, New York.
160
The Trustees,
CINCINNATI, OHIO.
High-Grade
CO.
H.
CHAPMAN,
Secretary.
TRUSTEES:
Grustav Amslnok,
Francis M. Bacon,
Vernon H. Brown,
Waldron P. Brown,
William B. Boulton,
George Coppell,
Joseph H. Chapman,
George O. Clark,
James G. De Forest,
James H. Dunham,
William E. Dodge,
Patterson, Teele
Dennis. Cornelius
Eldert.
CERTIFIED PUBLIC ACCOUNTANTS. Ewald Fleitmann,
Floyd-Jones,
.
30 Broad Street,
New York. Edward
Horace Gray,
Clement A. Grlsoom,
Leander N. Lovell,
Clifford A. Hand,
Anson W. Hard,
John D. Hewlett,
Charles D. Leverlch,
Levi P. Morton,
W. H. H. Moore,
Charles H. Marshall,
George H. Maoy,
Frederic A. Parsons,
George W. Quint ard,
John
L. Rlker,
A. A. Raven,
Gustav H. Schwab,
William C. Sturges.
Financial
The
Review I88M90I.
81 annual Issues.
Since 1886.
Price, 136. Single issnei
B.
CO..
Pine St, oor. Plarl, New York.
WILLIAM
$2,
7«H
DANA
RAVEN, President.
PARSONS, Vie*-Prtft.
>RNELIUr> ELDERT, ad Vice-Pru'L
T?KO. P JOHNSON, 9* ViM-Prti'L
A. A.
F. A.
@FedFRASER