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nmnmtfl
Supplement
Quotation
Street Railway Supplement
(Mommy)
Investors Supplement (&«&$
Stale and City Supplement<$«^!a!$
(Entered aocordlng to Aot of Congress, In the year 1901, by the William B.
VOL.
Dam* Company, In the
SATURDAY, D bCEMBER
73.
^-amu^
offloe of
the Librarian of Congress.]
NO. 1904
21, 1901.
Week ending December 14
(frhxtmirtt.
Clearings
3£ftje
PUBLISHED WEEKLY.
1901.
Terms of Subscription— Payable in Advance
For One Year
_
$10 00
For Six Months
6 00
13 00
European Subscription (lnoladlng postage)
European Subscription Six Months (Including postage)....... 750
*2
Ajannal Subscription In London (Including postage)
do.
Six Mos.
do.
do.
Above subscription includes—
Tax Quotation supplbmbht
Thi Iitvbstokb' Supplbment
Terms
i
|
Transient matter
84 20
STANDING BUSINESS OABDS.
Two Months
las.
hub.
Street Railway Supplement
State and City Supplement
(8 times)
. .
22 00
Three Months
(13 times) .829 00
(26 " ).. 50 00
Twelve Months (52 " ).. 87 00
.
Six Months
A
DANA COMPANY,
II.
8.674.
New Haven
Worcester
Portland
Fall River
Pine Street, Corner of Pearl Street,
Post office Box 958.
NEW
Hew York
tl.213.04U. 670
88,686,801
90.333.9S*
133.98S.11S
43 161.367
14.636.808
99,397,399
80,085,316
12.3, 28* 914
86,610 709
14,748.083
$1.028 845.040
£80,074 688
$ 1,698,806. H88
a«,ai4 ao8
-4-8
+19*1
$1902.919,668
896.404.8i7
$1,929 0-0 Oil
411,083.178
—1-4
-3-8
12 898.328.8 9
$2 340.103,819
-1-8
New Orleam
oltles. 6 days.
cities, 6 days
Total
all oltles, 6
days.
All oltles, 1 day
Total
The
all oltles
for
week
-5-6
-T'l
-10-6
+1-3
+8-8
+81*8
-0-6
$1283,479,797
117*88,688
Baltimore
Chloago
8t. Louli
Seven
P. Cent
the week covered by the above will be
given next Saturday.
cannot furnish them to-day,
olearings 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 oases estimated, as we go to press Friday
full details for
We
night.
We
Week ending December
OUaringt at—
1901.
1
1900.
1901.
$
689 »49 766 1,300 787,401
U0 618'H« 91,674 811
it.'O 2i
30.9 6C31
24 279 Hf
24 *46 6W6
1849 nil 98b
9-(
Syraouse
Boranton
1.17 ,-4-
Wilmington
1
Wheeling W. Fa.
Total Middle
1
6 44. 44
8.213.7O0
8067 424
1,090,160
1,860 OS
I
9 <8s
860,9-0
962 572
424 600
86/ 1ST
374.62'
8o8,08O
'/OS 103 Not include
80H.1B- Not Include
*63 127 "05
<
'
8f0
4if>
21.361 2-6
5.6-"8 22l
8.817 9-11
8.862.731
8 8d3 604
1.0C9 410
1,213 170
947 82,
8 000 0)4
8-1
CHi
$
l,119,n-8 255
S62 0191 2-U 110
8«9!5
i
6,672 182
8.710 0'iG
5.796 02'
2.18H MOM
1 244 927
1898,
8'H>
19 917 871
26 •*(> 86*
4.649 763
2 256 1-45
8.125 089
1.287 HS9
99' 331
848 310
881.4U0
861,117
816.000
al.
al.
+27
1.517 027 816 1.870 877.235
1,3-9 044
1
668 978
618 T05
1 240.11-2
1
1,084.24687. 475
6 4 Hi
1,184.878
103,268.816
169,065 872
-8-8
178.485.3U7
163.107.900
164 038 2P3
20,2*9 8»u
14,2-9.900
ll.2il.2H
7 604.755
7.369.9C0
5 23 .797
3 218 896
2,83 i 409
1 400 000
1.846,792
l.C2«,532
612 643
677 211
800.000
136.828.861
17,726 030
+199
+144
148.082.784
18 48^ 8Vi
8,151732
+68'0
9 482 916
188 109 070
18.115 260
7.331 230
9 816 819
5.765 610
4 807 400
2 782 505
New
Brag..
Chloago
Cincinnati
Detroit.
Cleveland
....
Indianapolis
Peoria
Toledo
Q r a nd Rapids
Youngstown
Springfield,
111
Lexington
6
Portland
Los Angeles
Seattle
Spokane
Tacoma.
Helena
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
Paul
8,889 64
123
,276
1,091. 637
669 939
485.800
—10-6
48>-6
886.181
361 696
296 811
316.818
131,176
287.90
+>86
Galveston
Houston
Savannah
Richmond
Memphis
+397
+0P
44,895 366
87,871.143
20.644 509
19 384 077
7.80u.0o0
6.077 1*9
18.438 883
12,777 226
8,481 74 6
6,816 6W2
4,4 35 -i '4
4.353 318
1.623 8H7
920.275
1,483.340
1,069,170
489 106
103.841
1.076 710
68,493 709
53 988 8*2
17.952 944
10 419 9)2
4 825.60"
8 824 743
4.266 044
4 258 18*
88 808.-83
18 858 S.m
9 793 232
4,«83 "OO
4,809 870
6,T15 3->6
8 98 ; .3'2
4 4(7 9*4
8 73i6-3
1.654 916
1.785 507
8,36* 049
669. 8»9
1,500' CO
1.000,(00
813.000
870 79
171826
'
84
671 509
8,288.070
866 8'7
i.eas ooo
1,260.' 00
Knoxville
Fort Worth
72.1.000
1,186.8 5
Little Rook
Chattanooga
600 61*
47n,> 93
2
.1
71 688,462
1.734
Augusta
+U-2
1,800,884
1,162,159
831 2 J 6
1
Norfolk
+38-1
176.000
+9'0
+19-8
+ 840
8 280.60>
Atlanta
244406
28 959 049
3 H88 878
8,843 326
2.734 948
8,le6 197
4
Nashville.
-2
•4-33-6
85.838 10»
4 011 516
8.611 210
4 106 954
8.972 257
1,665.638
1.178 786
713 604
686 8-2
822 879
am 920
1,00 1000
Louisville
1
+81-8
615,141
Louis
Orleans
+32-1
+ 46-8
+18-9
+3
181871.368
6115-6.597
848.685,882
+19
+35-9
-10*9
+6-8
+71-0
+17-8
808088.687
81 184
8,656
8 186
8 278
2 102
781
091
181
878
2 iO
1.844 9-8
1,077.818
922.878
661.712
1*5 107
85,267 678
14.887 686
18 002 8i«
6.103,485
5,972 816
4,176 183
8,974 368
1,628.078
1.178,174
781607
937,144
846 538
416 678
453 458
376 200
309 866
851839
238 976
848,688
+22'1
178,081.641
18 4F6 376
8 846 570
1.9C8 838
8,666 181
1,166 711
1,925 262
756 277
747 809
673 400
121 982
30 818 606
11,447.713
10.81 8.666
7.016688
1,261 0*3
5.143 651
8.111.190
2.830 000
1,869 919
647.118
1,033.912
846 786
179 264
488 700
473 210
lOx.571
111080
68 020 066
48,360 735
35 886 881
31818.119
12 465 378
702 077
12.811 101
8 718 011
8,721 OX)
4 628 71.
4,013 83 ?
8 013 895
8 084 06"
I'M 699
1,5-6 6«2
1.-S0S 46*
1 3 '7.200
597 014
1,128 334
2.
084 00
86*. 00"
6V3 0H
48" *3J
•2H6 800
>
284 B3104 778 190
7.518 186
3.016 060
4 247 090
3 818.474
3 004 478
8,588 -31
1.86 592
1
176:02
1 2>-2
«57
793.110
63' 01 'J
090 916
674 *81
If 6 000
315 020
343 605
831600
776iW c63
88 944 2 *
i 078 892 618
762 776 «04
+146
789 047.690
638.868.639
+10"
16 890 858
11, '62 240
2 063 35*
L641 98"
18 «22 888
10 5H.837
2.881 289
1,888. *08
773,883
661 541
623 650
54HS7-
740,816,977
829196
1714400
la tot al.
111640
SOU
2
302 863
412 209
516 632
43 ..OO"
81- 6' 5
S58 167
808 524
280 6*2
128 009
+2fl"6
203,19 7.787
1,890.40
New
-09
Not include
1.873,>20
1.13«,5l9
1.6 2 496
Wlohlta
Fremont.
Colorado Springs..
Tot. other West
+81-6
+8'1
-8-8
+18-9
+23-0
+81-2
55 69
185 <6rf
11.858 H9
6.618 802
6.424 100
8.164 889
1.883 597
2 888 718
1.408 076
1,031.841
1.015 8>1
+30*0
+2V0
1,038.177
810,147
456,2 6
688 018
670.728
871 202
481
847,833 833
Des Moines
Davenport.
Sioux City
Topeka
t-t-2
84 .875
199 '76,074
4 486 242
6.942 2*1
Outside N. York
3 972 6-8
800
Denver
St Joseph
Jacksonville
Total Southern..
Total all
6 886.801
6,894 60C
8.988 802
3C4 546
San Franolsoo
Salt Lake City
St.
"
11610 139
606,616
465 791
435 917
104.854
175 988
Maoon...
1899.
1 468,618
Holvoke
Birmingham
14.
1.581.189
134 989.174
8.674 000
8.612 811
1.868 402
1,597 804
-860
+2W8
Bt.
present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Dec. 14, and the results for the corresponding week in 1900, 1899 and 1898 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a gain of 23'0 per cent. Outside of New York the increase
over 1900 is 14'tt per cent.
1,408.173
159 188 716
089 800
8 936 6-6
616.020
746,6a*
812 301
Rookford
10* 807.840
Boston.
Philadelphia
Other
1900.
l,808,87t<
1,64-<.411
1
Springfield, Ohio..
1901.
42V6
181)8.
405, -89
The following table, made up by telegraph, etc, indicates Canton
111...
that the total bank clearings of all the clearing houses of Jacksonville,
Qulnoy
the United States for the week ending to-day, Dec. 21, Bloomlngton.
Jackson
have been $2,298,333,879, against $2,511,585,587 last week and Ana Arbor
Tot. Mid. West'n
$2,340,103,219 the corresponding week last year.
OUartno$— Heturnt by Televravh.
Week Bnding December 21
Cent
-••8
-8-6
+20*0
+67-4
+7-8
+8-8
+10-1
1.176.244
6F2.286
Akron
Kalamasoo
CLEARING HOUSE RETURNS.
151,095 909
7.683.800
8.816 600
1.663,888
1899.
867 176
Hvansvllle
YORK.
1901.
Lowell
New Bedford
Dayton
Publishers,
UP
1.878.819
1.861,170
1.689,407
1.449,101
1,6> 6,092
Springfield
Colambus....
Smith, 1 Drapers' Gardens, E. 0., will take subMessrs. Edwards
scriptions and advertisements, and supply single copies of the paper
at Is. each.
WILLIAIV
148 166.889
8.981 800
Milwaukee
London Agents:
1900.
.
Boston
Providence
Hartford
Total
Advertising—(Per Inch Space.)
of
at—
OANADA19 813 692
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St.
16.»llHi 6
4.H20 88k
SOOOiOO
864
871
876
805
John
Vlotorla
Vancouver
Quebec
Total Canada
983
890
853
878
1,686. 15
.
46,497 145
18 726 417
11 330 4«B
2.761 611
1,485 68 <;
871 ni«
7*8 4(4
580 364
769 680J
+S9-8
+7. -2
+ 847
-11-0
+13-4
+51-0
4-17-7
Not Include
d In tot
38 393 670
+40'3
882
607
519
867
696
7-6
728
0*8
84 870 8 6
753406
86 318 500
THE CHRONICLE.
1282
[Vol. LXXIII.
that their interests lay on the side of
THE FINANCIAL SITUATION.
the employer in
a case where the temptation which
an advance in
wages presented was so near and where apparently It
furnished such strong evidence adverse to the truth
Friday, and of their own mill managers' contention.
The working of events has been towards a conservaThe first break
tive condition of affairs this week.
announced last
the fixirg a week ago by the United States Steel Corporation of the piice of Lake iron ore, have been
looked npon since then, more and more as transactions
in the price of copper,
In view of the recent stock market performances
of Amalgamated Copper and the condition of the
incithose
copper trade (further declines in the price of the
We discussed each of
of decided promise.
likely
acts
were
metal having occurred the present week, as noted
they
if
as
dents a week ago; but it seems
to mark the culminating of the disposition which has above), the action of the directors of that company
been so conspicuous the past year to put up and peg in making a further cut in the dividend has caused no
Indeed
there
had been
much
prices.
surprise.
Other facts along the same lines have developed
One of them was another cut in copper
this week.
altogether
dividend might be passed
that the stockholders doubtless consider themselves
fortunate
they
should
be
allowed anythat
thing, even though the dividend at 1 per cent
compares with 1| per cent paid last October, and with
2 per cent at previous quarterly periods. The most
noteworthy happening of the week, however, has not
been the dividend or its amount, but the explanatory
statement given out by the company in connection
with the same. This statement vouchsafes no in-
another was a lower price for
lead; another was the heavy shading of the quotations of wire nails; still another was an easier
state of the lumber market; two weeks ago a deto
13@14
cents;
cline in
glass
tention
not
was
long
announced. We called at
since to the circumstance that
going into the cost of country
also
that
so
talk
the
almost every article
buildings had risen to such an extent that the"putting
up of new structures in the country was becoming formation as to the company's condition its earnings
much less active. This falling off in the consumption or profits, or the amount of unsold copper on hand.
of the vaiious materials which enter into the con- On that point the old policy of secrecy is maintained,
struction of the houses referred to is probably begin- notwithstanding the criticisms of the public and the
ning to be felt by those who produce the materials, and press. The statement is of a different kind. Its purhence the declines noted; more evidence of smaller pose, evidently, was to enlighten shareholders as to
consumption will be apparent as the season advances, the cause for the company's downfall. As such it is
—
unless the declines are such as to encourage and start
up new work. That industry is only typical of what
is going on nearly everywhere; iron and steel for well
an exception, but almost the only exception, and that trade is likely to get over its extreme
pressure before the coming year is half gone. Profitable prices is what every one desires, consumer as well
known
reasons
is
as producer; prices, however, that interfere with
home
consumption and exports are unfortunate.
action of the conference between representatives of capital and labor, brought about by the National Civic Federation, is beyond doubt along the
The
one of the most guileless documents that has ever
come to our notice.
The statement begins by saying that up to the commencement of the present year conditions in the
copper trade were very satisfactory in the domestic
trade extremely so.
But a large part of our copper
product must find a market abroad, and ''the unsatisfactory trade conditions which have existed during
the present year in Europe, together with the fact that
the supplies of copper to Europe from sources
outside this country have increased, have jointly
oaused a falling off in exports of about 65,000
tons." We have italicized one word in this quo-
—
Every one will wish it good tation to show that the Amalgamated officials
speed and wide success, and look upon the effort with do not ascribe their troubles alone to trade
For the action taken, and also the speeches depression in Europe, but that they cite as an
favor.
made during the sessions of the confeirees, are indica- additional disturbing agency the fact that their policy
tive of a spirit, desire and hope that is strongly com- of holding up prices in defiance of all economic laws
mendable. Of course there will continue to be occa- has caused an increase in the supplies of copper from
lines of true progress.
when
neither party to a dispute will be ready to
The existence
differences to arbitration.
This is confirmatory of the statistics
given by Mr. 0. P. Austin, the Chief of the Bureau
submit its
put
an
end
to
wars.
cannot
court
arbitration
Statistics at Washington, in an article in the
of
an
of
But if it does nothing more than The Hague Court " North American Review " for November, which we
Mr. Austin's
has done it would be a welcome move. We believe it reviewed in our issue of November 9.
number
labor
unions
and
of
Quite
a
conclusion was that "the reduction in copper exports
will do more.
employers woik together without a strike. The Brother- is due in some degree to a decreased demand abroad,
hood of Locomotive Engineers is an illustration. One and largely to increased production and reduced prices
sions
outside sources.
good sense and of wise in the other producing countries of the world."
for a long
After the above admission as to the Increase in outtime, has been the action in recent weeks of the em- side supplies of copper, the Amalgamated! people in
ployes of the cotton mills at Fall Kiver. They had a their statement make the further admission that "by
temptation to strike. One mill raised its rate of pay- adopting the policy of maintaining a firm price"
ment to its employes 5 per cent twice and another that is, ihe policy under which a market for 130 milAll other mills lion pounds (65,000 tons) of copper was destroyed "a
mill followed the first 5 per cent.
said, however, that they could not consent to pay the large proportion of the loss arising from the decrease
advance ; to assent to it would require them to stop of exports has been borne by the companies whose
work whether there was a strike or not. What the shares are owned wholly or in part by the Amalgamajority of the mills claimed, was we believe correct. mated Copper Company." To the ordinary observer
But it is not often that a body of union men can see such an outcome seems perfectly nat ural the.Amalof the strongest exhibitions of
control in a union, that
we have noticed
—
—
December
THE CHRONICLE.
21, 1901.]
gamated held the bag,
Amalgamated
ai.d the others filled it;
people in their extreme
bat the
simplicity and
1263
cash $5,102,600.
Deposits were reduced $15,799,800,
and the surplus reserve
fell off
$1,152,650, to $5,455,-
innocence cannot understand why this should be so- 025. The specie holdings of the banks last week
For after explaining (or attempting to explain) the were the lowest of the year, while the total cash was
theory and motives that governed them in their course* only $4,161,000 above the minimum. The surplus
they add, with a rare naivete: "If officials of other reserve was within $243,500 of the lowest of the year,
copper producing companies had taken the same view which was recorded July 6. Transfers through the
of the situation and maintained a firm price there is Sub-Treasury to Chicago ceased this week, but $850,000
little doubt that the present unsettled conditions of was sent to New Orleans, $500,000 of which was transthe market would have been in part, if not wholly, f t rred on Thursday and Friday. The Treasury began the
obviated."
dently " up
explain
ita
In face of this explicit charge it is evito " the wicked independent producers to
why they
product
forced the
Amalgamated to pile up
own product un-
instead of holding their
copper trade and permitting a slaughter of the innocents in Amalgamated
Copper.
While on the subject, it seems desirable to show by
sold, thereby demoralizing the
pre-payment of January interest on Monday, but the
effect of this was counteracted to some extent by
transfers into the Treasury by local banks for account
of their Western correspondents of excess internal
revenue collections; payments for duties were moderately large. The disbursements at the Sub-Treasury
for unmatured bonds amounted to $184,723 46, making $60,665,592 36 since April 2. No gold was exported to Europe.
what a pass we have come to as the
result of the policy which the Amalgamated Company
Money on call, representing bankers' balances,
has been pursuing. From the October report of the
Bureau of Statistics we have compiled the following loaned at the Stock Exchange during the week at 10
figures with reference to the imports and exports of per cent and at 2| per cent, averaging about 6 per
copper for the first ten months of the current calen- cent. On Monday loans were made at 7 per cent and
dar year as compared with the corresponding ten at 2£ per cent, the latter being recorded after the demand for the day had been satisfied, and the bulk of
months of the two years preceding.
the business was at 6£ per cent.
On Tuesday trans1899.
1901.
1900.
Tin Months Ending Oct. St—
at
actions
were
6
per
cent
and
at
Imports.
4 per cent, with the
official statistics
Repulus, etc
Equivalent In refined copper
77,308 tons.
35,623 tons.
19,916 tons.
40,000,000 lbs.
22.OC0.0O0 lbs.
62,429,073 lbs.
60,737,206 lbs.
64,215,103 lbs.
.148,429,073 lbs.
100.737,206 lbs.
76.215,193 lbf.
14.000.000 lbs.
9,000.000 lbs.
3C0.160.741 lbs.
3,000,000 lbs.
188.888,833 lbs.
(about)
86,000 000 lbs.
PlBS, bars, ingots, etc
Total Imports...
Export*.
Copper
In ore (estimated)
162,728,397 lbs.
Incots, bars, eto
majority at 5 per cent.
6 per cent
and
at
On Wednesday
loans were at
4£ per cent, with the bulk of the
business at 5} per cent.
On Thursday transactions
were at 6 per cent and at 4£ per cent, with the majority at 5£ per cent.
On Friday loans were at 10 per
and
5£ per cent, with the bulk of the
176,728.39" lbs
309,160,741 lbs. 191,888,333 lbs.
business
Total exports
at
8
per cent.
Banks
and
trust
companies,
as
was
the
case
in
the previous
28,290,324 lbs. 208,423.536 lbs. 115,173,140 lbs.
Excess of exports
Value*—
t
$
$
week, loaned at the rate ruling at the Stock Exchange,
Imports
21,562,920
12,601,718
9,188,896
though no loans were made below 5 per cent. Time
52,100,078
Exports
80,047,210
33,016.149
contracts were quoted at 6 per cent for thirty days,
Excess of exports.
8.484,290
39,498,360
28,826,263
5$ per cent for sixty to ninety days and 5@5^ per cent
The foregoing shows that two movements have been for four to six months on good mixed Stock Exchange
going on simultaneously imports of copper have been collateral. The demand was chiefly for the shortest
increasing, while exports have been steadily diminishperiods.
No business was done in commercial paper,
ing.
As a result, the net exports the current year local institutions being entirely out of the market as
have been only 28 million pounds, against 208 mil- buyers, and no transactions with interior banks were
lion pounds in 1900 and 115 million pounds in 1899.
reported.
Kates were nominally 5 per cent for sixty
In value the net exports were only $8,484,290 in the to ninety day endorsed bills receivable,
5@5^ per cent
ten months of 1901, against $39,498,360 in the ten for choice and
per
cent
for
good
four to six
5^@6
months of 1900 and $23,826,253 in the ten months of months single names.
There is nothing strange or mysterious in
1899.
all this.
By maintaining an arbitrary, artificial price
The Bank of England minimum rate of discount
the United States has been made the dumping ground remains
unchanged at 4 per cent. The cable reports
for the whole world.
The only problem now is, at discounts of sixty to ninety day bank bills in London
what price for copper the old conditions can be re3$ per cent. The open market rate at Paris is 2J per
stored, and how long it will take.
cent and at Berlin and Frankfort it is 3^@3£ percent.
According to our special cable from London the Bank
There was no change in the official rates of discount of England lost £788,790 bullion during the week and
by any of the European banks this week. The Bank held £34,392,129 at the close cf the week. Our corof Bengal, however, raised its rate of discount from 4 respondent further advises us that the loss was due to
to 5 per cent.
The unofficial rates at the chief the export of £60,000 (of which £20,000 were to
European centres were steady except at Berlin and Malta, £20,0C0 to Ron mania and £20,000 to other
Frankfort, where they were higher, owing to operations Continental points) and to shipments of £729,000 net
incident to the close of the year.
to the interior of Great Britain.
The statement last week of the New York Associated Banks showed, as the result of the liquidation
The foreign exchange maiket had a firm undertone
in the stock market which had been in progress dur- this week; the business was somewhat restricted and
ing that week, an important reduction of $11,178,100 the fluctuations were within a comparatively narrow
in loans.
The specie was decreased $5,071,900 and range. The higher rates for money last week seem to
the legal tenders $30,700, making the total loss of have induced the prompt forwarding from the South
.
.
—
cent
at
THE CHRONICLE.
1284
of commercial bills againBt cotton, and the receipts of
Bankthese drafts were quite liberal early this week.
ers report, however, that holders did not seem inclined
Week Ending December
in a
oourse of money in the immediate f ature. There was
« general expectation that, toward the end of the year,
money would again become active. The market for
Continental bills was somewhat influenced by a rise in
the rates for exchange at Paris on London and by a
alight fall in those at Berlin on the British capital.
There was a report that Austro Hungary was buying
gold in London, and this was probably the cause of
the advance in the price of the metal in the open
market at that centre.
The Assay
Office paid
Nominal rates for exchange are 4 84 for sixty-day
and 4 87 @4 87£ for sight. Rates for actual business
opened on Saturday at an advance compared with
those on Friday of five-eighths of a cent for long, to
4 83±@4 83£, of three- eighths of a cent for short, to
4 86£@4 86f, and of one-quarter of a cent for cables
and the tone was strong. On Monday
the market was firm at the advance, though quotaOn Tuesday rates rose onetions were unchanged.
to 4
87@4
87i,
quarter of a cent all around, to 4 83|@4 83| for long,
4 86|@4 86$ for short and 4 87i@4 87£ for cables, and
the tone was again strong. On Wednesday, however,
the market became dull and firm at the advance;
rates remained unaltered, and there was no change
The mareither in tone or quotations on Thursday.
influenced
by
sudden
Friday
ket was a shade lower on
money. The following shows daily posted
rates for exchange by some of the leading drawers.
activity in
DAILY POSTED BATES FOB FOREIGN EXCHANGE.
FBI.,
Dec
~4
{&R
Baring,
(60 days.
4 87
4 84
I Sight...
4
Sauk
Co..
Brltlih
No. Ameriot..
.
Bank of
J
60 days.
MON.,
Tins.,
87*
4*3*
i
Sight...
4 87
4
60 dayi.
4 84
4 87
Wed.,
Dec. 16. Dec. 17. Dec
88*~
Brown Broo
Magonn A
18.
THDB.,
18. Dec.
FBI.,
19. Dec.
80
84
84
84
84
87
87*
87*
87*
87*
84
84
84
84
84
87*
83*
87*
87*
87*
87*
84
84
84
84
87*
87*
87*
87*
84
87
84
84
87
84
84
87
84
84
87
84
87*
87*
87*
87*
87
84
87
84
Bank Holding*,
Banks Interior morement, ai abore
•6.489.000
17,951.000
80400.000
82,000.000
186,689 000
180,661,000
Total gold and legal tenders.
The
>n
following table indicates the
the principal European banks.
December 19
Bank
December
11.61 2. 000
2.600.0OI
LOIS. 14. 012, TOO
amount
IB01.
aUvtr.
Total.
Bold.
a
a
I
84.-iW.189
•n gland...
rranoe
Germany...
88,679.233
31,798.000
•inula
67.895.000
i
aai.-Hung'y. 46,621.000
-Spain
14,010.000
<taly
15,994000
Motherland i.
'at.
Loss
Lobs
of bullion
20. 1908.
•/
Bold.
6.741,700
Belg'm
8076,333
BUvtr.
Total.
84,892,129 80182.868
80.182.368
44 126.126 14t.704.848 98 816,845 44,416,000 187.681.848
16,878 000 48.171.000 86.682 000 18.688 000 40,875 000
6,099,000 73,994,000 78.024.000 6.038 000 78,046,000
11.212 000 67,738.000 38,807.000 9.86S.000 48.176.000
17.119.000 81,129.000 13.975 000 16416,000 80.390.000
8 060.700 18.064,700 16.449.000 1.770.000 17.219.000
4,878 000 5602.000 10,481,000
6,173.900 11,916,600
1,687.667
4,613.000
8 875.000
1,488 000
4,318 000
week U8.001 3-5 104705392
428,706,777 887,489 101 99.223,000 896,718,103
Tot. prey, w'k .120.593,362 105156687 425.749.949 298 687.646 99,853,398 897,940,948
ot,thli
1
$850,-
119 48 for domestic bullion. Gold received at the
Custom House for the week $10,386.
Nit Chang* %%
Out Of
Tiankt.
in b-Treasnry operations
bills
gradual recovery in rates for bankers'
drafts, but the market became dull after the middle
of the week, and a farther advance in rates seemed to
be held in check by the uncertainty regarding the
fleeted
InU
80. 1801.
Hank*.
on the market, and the offerings
were absorbed at good prices. The slightly easier
tone for money, compared with last week, was re
to press the
LXXin.
[Vol.
MR. STICKNEY
ON BANK RESERVES.
Mr. Stickney, President of the Chicago Great
Western Railway, delivered an address at Chicago
last Saturday evening before the Marquette Club of
that city about bank reserves. It will be recalled
that he made an address on an allied subject before
the Bankers' Convention in October at Milwaukee.
We wrote quite at length on the Milwaukee paper.
That editorial will be found in our Bankers' & Trust
Supplement published October 26, and his address on
that occasion will also be found in the same Supplement.
We mention these facts because Mr. Stickney's
thought will well repay a careful study, and for a
clearer understanding of his later thesis it will be desirable to have in mind the earlier document.
Without doubt he has perfect familiarity with the defects
of our financial arrangements
some of which defects
must be to-day apparent to all and a single purpose
to suggest a method for attaining a workable substitute for our present system free from the friction we
are at present suffering under. This substitute he has
never developed fully, for the reason that he has
reached the conclusion which Mr. Geo. S. Coe so
forcefully presented time and again, that the best
—
—
and only method for correcting existing difficulties
was to let trade influences, in other words commerce,
work out its own banking and currency device. We,
common
with others, interpreted Mr.Srickney's address at the Bankers' Convention as advocating a large
84
84
84
84
60 dayi. 4
87*
4 87
87
87*
87*
Sight...
87*
central
bank, like for instance the Bank of England.
84
84
4 83*
84
84
9
88*
LiuardFrerei...{|?B
87*
4 87
87
87*
87*
87K
He did not make that feature of his thought so clear
84
484
84
84
84
84
60 dayi
Bk.
Mofirchanti*
87*
87*
Sight.... 4 37*
87K
87*
87*
Canada
at Milwaukee as he did at Chicago, and we conseThe market closed at 4 83£@4 83£ for long, 4 *6f 3 sequently assumed that his intended inference in the
4 86f for short and 4 87i@4 87£ for cables. Com- Milwaukee address was as we gave it.
Mr. Stickney now declares distinctly that he does
mercial on banks 4 83@4 83 J and documents for payment 4 82£@4 83£. Cotton for payment 4 82£@4 82f not advocate the establishment of such a system "or
cotton for acceptance 4 83@4 83£ and grain for any system by Congressional legislation." The modern commercial bank, he adds, " is a development
payment 4 83£@4 83f
the accumulation of the discoveries of a great many
The following gives the week's movements of generations of men." On that point he takes the
money to and from the interior by New York banks, following from Mr. Francis's history of the Bank of
England, which attributes the rise of the London
Rsciivei bv
Shipped bv
Set Interior
Week Ending December 20, 1901.
N. T. Bank*. N. T. Bank*.
Movement.
banks primarily to the necessity of having a safe deCanadian Bank
of Commerce.
Heldelbaoh, Iokelhelmer A Go.
.
(
60 dayi.
484
<
Sight...
4
J
87*
63*
87*
88*
in
<
^
(
1
Oorrenoy.
Sold
Total gold and legal tender*.
16.797.000
16,802.000
642,000
1,149.000
Loss 11,005 .)!.(
Loss
607,000
Se.4'9.000
I7.951.OO0
Loss. $1,612. Out
With the Sub-Treasury operations the
iollows.
result
is
ae
posit for
money on the part
of shopkeepers.
"In the unguarded and unlighted London which Macauand burglaries were of frequent
occurrence. No man's home was safe if he were known to
have any considerable amount of treasure, unless barricaded and defended by armed servants. The goldsmiths,
lay describes, robberies
December
21,
THE CHRONICLE.
1901.]
having in the way of tlieir trade to keep large quantities of
gold and silver and perhaps also gems, had Itronghousea,
guarded. To thein men of smaller means, private gen
men or shopkeepers, intrusted what they dared not
keep at home, paying at first for the privilege. In the
course of time the goldsmiths found that this cus'otlv of
funds afforded a legitimate opportunity Jor realizing a profit
by loaning some part of these deposits and receiving interest thereon. Then the depositors were no longer required to
pay for the safe-keeping of their treasures. In process of
time the depositors received certificates of the value of what
they had left with the goldsmiths, which certificates began
to circulate from hand to hand. These may be considered
the first kind of bank-notes issued in England."
We thus see the gradations in the growth of the
'
1285
times been involved, and the whole class of
merchants and others have been forced to convert Into
has at
l<
cash their reserved funds, where they had any, or to
go to the wall.
What Mr. Stickney'expects to gain by free banking
is
an arrangement not unlike that in operation in
Scotland. lie says it is his " conviction that if the
restrictions of the American banking law were repealed and banking made free, there would be developed in the United States a banking system substantially on the lines of the Scotch-English system."
banking machine. Oat of a necessity the gold deposit That a central bank or body to carry the reserve
As a mere matter of convenience the certifi- would be " produced by evolution and controlled by
began.
cate
developed.
Facility
in
transferring
property
the certificate hand-to-hand circulaAfter this stage in evolution had been reached,
rights gave
to
the natural laws of trade" instead of a large aggregate
of individual institutions " controlled by ill-consid-
ered and compromise legislation." Or, he adds, it
An
come
to
pass.
early
all else must inevitably have
is not improbable that the central reserve carrier
experience would be that more could be safely loaned would be developed along the lines suggested by the
than the gold held in possession. A speedy if not a Secretary of the Treasury •* formed by some certain
tion.
—
—
concurrent disclosure would follow that loans created deposits, and with the larger deposits increasing
loans would be a possibility and a temptation. At
this juncture, however, the banker would experience
a danger lest an over-broad top be built on a too narrow basis. Hence the question of reserve would be
forced on his attention. So it has happened that
since that time the
u
principal problems of
banking
have had relation to the gold reserve
This brings us to the main purpose of the Chicago
address, which is an effort toj show how unnatural,
disturbing and expensive our method of keeping up
the nation's reserve has been and is, and to indicate a
condition through which that function can be
strengthened and at the same time the amount of
reserve carried be proportionately and very materially
smaller than now required. It does not need to be
said, because all will see, that Mr. Stickney has
touched a vital point; and if his contention is accepted as sound and his idea as feasible, it should be
followed up and adopted; that is, allowed to work out
We say
for us a similarly natural banking system.
work out, because Mr. Stickney's proposal is, as we
have already shown, to make banking free, and his
contention is that, after that step has been taken, all
needed regulations and restrictions will be forced and
shaped by commerce.
It is not necessary to follow Mr. Stickney's develop
ment of his subject. The address has been issued in
pamphlet form and probably can be obtained on application.
Every one knows that there is one disturbing in Science, which is a source of special weakness now; it is that as soon as impaired reserves
become a condition the bank is not only required by law to stop giving credits, but is
percentage of capital contributed by the banks themselves, and its management, created through the
all, would represent the interests of the
whole country."
There is but one other fact we will add. It is a feature of the English- Scotch system which greatly helps to
recommend that system to Mr. Stickney and ought to
have a like influence with others. The point we refer
to is that a dollar of reserve is rendered more effective through the machinery that system provides and
has in operation than through any other banking
machinery which the world has yet produced. Mr.
Stickney says it serves to "render ($1) one dollar of
gold an effective reserve for ($21) twenty-one dollars
of bank credit, while our laws require ($1) one dollar
It
of reserve for each ($7) seven dollars of credit."
is not necessary for us to go further in our review of
this address.
The purpose we had will be gained if
we lead our readers to continue the investigation.
suffrage of
ISTHMIAN TREATY RATIFIED.
The
vote in the
Senate
last
Monday on
the
new
Hay-Panncefote treaty, for the control of the Isthmian
Canal, brings this important project into the domain
of practical expectations, and does so, on the whole,
in a highly satisfactory way.
which the matter was
left,
The
exact conditions in
the present convention before the
worth reviewing;
it is
Hay laid:
Senate, may be
before Secretary
a rather interesting chapter of
history.
What
is
now known
as
the
" original"
Hay-
Pauncefote treaty was signed by the Secretary and by
the British Ambassador at Washington on February
In brief, this treaty provided, as the present
made to contract its credits.
What is the ef- treaty does, for the superseding of the Clayton-Bulwer
to
that
moment
the
fect?
bank's
business has treaty of 1850, "without impairing the general prinUp
been expanding until the whole industrial fabric ciple of neutralization ; " for the construction of the
stands constructed with and built upon bank loans. canal under this country's auspices ; for the freedom
Of course the sudden calling upon merchants and of the canal to all nations equally, and for the prohiothers,with their half-finished transactions and plans, bition of blockades and acts of war in the canal. It
to liquidate immediately, means ruin to not only to provided, also, that " no fortifications shall be erected
the few whose schemes are visionary, but the many commanding the canal or the waters adjacent,"
who are perfectly solvent and whose plans are wholly though the United States was allowed to maintain
legitimate. As, however, the bank system is made any necessary " military police," and it stipulated
up of a mass of independent units, there is no way of that the two contracting parties to the treaty should
restoring impaired reserves except each institution forthwith " bring it to the notice of the other Powers
preys upon every other, scrambling to increase its and invite them to adhere to it."
cash, and goes to work at the same time to reduce its
The Senate did not receive the treaty favorably; it
liabilities.
By
this
means the whole system
of
5 1900.
banks was not even acted on until ten months after the
THE OHkONTICLB.
1286
plenipotentiaries had aflUed their seals.
It
[Vol. LXXIJi.
was then respect by either
side.
That the revised treaty em-
amended, first by declaring in terms that the Clayton- bodies distinct concessions by Great Britain is obvious
Bulwer treaty " is hereby superseded;" second, by enough. But it must also be kept in mind, as we
omitting the clause for obtaining the assent of other have shown already, that this country, too, has yi aided
foreign Powers, and third, by providing that all the some of its demands as voiced in the Senate amendstipulations restricting rights of belligerent vessels in ments of a year ago. Aside entirely from the question
the canal ''shall not apply to measures which the Uaited of concessions, both parties are expressing satisfaction
even the pugnacious Senate and a vexatious chapStates may find it necessary to take for securing by
—
own
and
—
diplomacy is agreeably concluded. It should
not
be forgotten that ratification of this treaty not
the maintenance of public order." This last-named
modification was the famous " Davis amendment." only assures the maritime canal, but puts an end to
The clause against fortifications was allowed to an intermittent diplomatic wrangling which has lasted
its
forces the defense of the United States
ter in
stand.
for fifty years
These rather radical amendments were adopted last
December by more than a two-thirds majority 65 to 17
and the amended treaty voted by 55 to 18. The British
Government, it will be remembered, expressed its dissatisfaction with these Senatorial changes by simply
withholding the amended treaty from Parliament and
allowing it to be known that the convention would
have to fail. It is a striking witness to the good
feeling between the negotiating peoples, and to the
patient statesmanship of the two eminent diplomatists
who united in the work, that no angry resentment or
friction followed, but that the uncompleted work was
taken up for revision exactly where the Senate
rangement
—
—
left
it.
This wise statesmanship had
due influence on
public sentiment. The Americans who clamored that
the Clayton- Bui wer treaty ought to be hereafter ignored
found as little hearing as the Englishmen who advised
Great Britain to stand on its rights, and refuse fur*
ther negotiation. The dignity, as well as the honor and
good faith, of each nation was preserved. On the
fifth of the present month a new treaty was laid by
Secretary Hay before the Senate, and after a ten-day
It was adopted, morediscussion was adopted.
over, by the decisive vote of 72 to 6, after efforts
voted down by large
at amendment had been
its
majorities.
The changes from the
treaty of February 1900 are
Senator Davis's amendment of last December exempting the United States from the restric
But, on the
tions of belligerents does not appear.
important.
— ever
of
since, in
fact, the
awkward
ar-
the Clayton-Bulwer treaty went into
force.
somewhat curious that the settlement of the
general question has left still open the matter of a
route.
Along with the submission of the reconIt is
structed treaty to the Senate, the Isthmian Canal
Commission of engineering experts appointed by Congress in
March 1899 made public
its report.
vestigation has been very thorough.
As was
Tne
in-
to be ex-
commission limits the choice of feasible
routes to Nicaragua and Panama.
It finds in each of
these two routes certain pecnliar advantages and certain disadvantages in comparison with the other. The
cost of constructing the canal at Nicaragua, it is figured out, will be $45,630,704 more than in the case of
Panama; the annual cost of maintenance in Nicaragua
will be greater by $1,300,000.
The time required for
a ship to pass through the completed Nicaragua Canal
will be thirty-three hours, against only twelve required
pected, the
in the case of
the
Panama waterway.
On
hand the commission estimates that the
the other
full
time
needed to complete the Nicaragua Canal would be
eight years, whereas ten years would be needed at
Panama.
The passage from our Eastern ports to
the West Coast or the Orient would be nearly two
days shorter by the Nicaragua route, the Panama
canal having advantage of time only in case of voyages
to South America.
As
against, moreover, the
forty-five million dollars
greater cost for the Nicaraguan canal,
is
placed the
sum required to buy up the rights and property of
the existing enterprise at Panama.
fortifications
The Commission
the
provision
that
"no
shall
other hand,
be erected commanding the canal," which was incor- reckons the value of this plant at $10,000,000, which
porated even in the amended text as approved by the
Senate a year ago, is similarly abandoned. Senator
Foraker and Senator Spooner have both taken the
position publicly that this allowed omission waives
Great Britain's right of protest, and empowers the
United States to fortify the canal in an emergency.
To the clause providing against the exercise of any
right of war in the canal is added an authorization of
"necessary military police" to be maintained by the
United States. This provision, however, is merely
transferred from the omitted fortifications clause. A
new
article stipulates that
" no change
of territorial
sovereignty or of international relations "
countries traversed by the canal
eral
principle of
the
contracting
treaty
is
"
neutralization" or the
parties.
the
gen-
duties of
Clayton - B alwer
Otherwise the origias it stood in Febru-
The
formally superseded.
nal treaty stands pretty
among
shall affect the
much
ary 1900.
The first matter for congratulation, in our j udgment, is that this important international agreement,
with its many elemonts of friction, has been ratified
in entire good feeling and without forfeit of self-
nearly counterbalances the larger cost of construction
This estimate they reash by allowing
at Nicaragua.
$27,474,033 for value of excavation already done, $6,850,000 for Panama Railroad stock at par, and $2,000,000 for the maps, drawings and records, with ten per
cent added for omissions. With this estimate the
figures proposed by M. Hutin, President of the French
Panama Company, are widely at variance. He asked
565,500,000 francs, or $109,141,500, and it required
some negotiation before his quite inadmissible claim
that the
company be made
a partner in the enterprise
was abandoned.
So long as the above-named sum remains as the
ultimatum of the French concessionaires, the total
cost of the completed Panama enterprise would be
$253,374,858, against a $189,864,062 total at Nicaragua a difference of $63,510,796 in favor of the
northern route. Unless the Panama company's terms
are modified, therefore, the advantage possessed by
the Nicaragua proposition is manifest. The commission itself draws this conclusion positively, and therefore recommends the choice of Nicaragua.
Whether
the terms for the Panama property will be modified is
—
December
THE CHRONICLE.
21, 1901.]
unknown, and the future
1287
the Pan
This rapid glance back over a long struggle may
ama enterprise, in case the Nicaragua route were to enforce the lesson that permanent peace between
he selected, is one of the most curious and interesting labor and capital can never come through the subjugation of either. So long as workmen assemble by
problems of the situation.
themselves, as Bishop Potter pointed out, and listen
to denunciatory harangues, while capitalists also look
THE CONFERENCE OF CAPITAL
only on one side, the struggle will continue; the
LABOR.
only remedy lies in getting together, and in each
The key-note of any permanent modus vivendi be- trying to see the rights and also the limitations of the
tween capital and labor was given in the admirable other.
as yet
fate of
AND
—
address of President Schwab himself a living
object lesson and example to workingmen— at the
little
opening session of the National Civic Federation conference during the past week.
Labor unions will
never succeed, he
This conference also incidentally brings out into
view the popular misapprehension about trusts. Employing capital cannot have its own way without limit,
nor can it yield everything it might desire to yield;
this is one fundamental fact in the case which organized labor will learn by a calm study of the facts.
Notwithstanding the popular notion, not even the
most colossal trust can do just what it may please,
unless it simply pleases to do what is practicable
and right.
The larger the trust the more conservative and moderate it naturally becomes, and
the more it inevitably comes under bond; there
little
is
really
need for the intervention of
is
subject and
statute
because a trust
law,
the
higher law which
consciously
subject to
holds us all. A recent novel, the "Octopus," paints
the railways, according to the popular notion, as a
monster devouring wheat field and wheat grower; but
this is fiction not founded on fact, for if the railway
octopus could and should do this it might gorge itself
attempts to restrict the
output. Yet this has been the common endeavor of
such organizations all through the century. We recall
seeing in one of the first "Labor Day " parades a
transparency which falsely declared that " Whether
you work by piece or by day, decreasing the hours increases the pay/' It has all along been assumed that
labor is helped by keeping three men on an output
which two might produce. Charles Reade, a novelist
who was notable for his painstaking research for
facts as a foundation, relates in "Put Yourself in His
Place " how the forgers and grinders fiercely fought
the hero of the tale, who introduced more effective
methods; how they mixed powder with the coals
of his forge, attacked him as he worked secretly
at night in an abandoned church, burned alive
a poor cart-horse which
had been unable to to-day but would presently die of starvation. No
distingush non-union bricks from bricks union- associated capital is so madly greedy as to destroy its
made, and finally blew up the obnoxious mill with own sources of support. Very recently the steel trust
fulminate.
has refused to take present advantage of opportunity
It is a sound and fundamental proposition that only on prices, but has kept them down, thus giving a
in union is there strength
but the natural mistake clear proof, open to the eyes of all who are willing to
followed when organization began to consider itself as see, of the natural law of operation we have just
the end and to work for organization's sake. Then stated, and a further proof is their meeting in council
came the walking delegate, a person who neither toils with the labor unions.
nor spins, yet is well arrayed
he inevitably became
Now there has been some excellent practical talk
said, in
—
—
;
;
exposed to a temptation to be peacebreaker as much as which went straight to the roots of the subject, and
peacemaker, so that he might seem to be justifying a permanent committee of thirty-six has been created,
his own maintenance. It also seemed to become neces- representing labor organizations, associated capital
The
shown and the com-
sary that the organization should prove itself power-
and outside
order to convince capital that the organization
must always be reckoned with. Thus strikes perhaps
position of this committee are thoroughly admirable.
ful, in
citizens.
spirit
—
Not every point is susceptible of mediation, and cases
not quite consciously so on part of those who enough of difficulty will certainly arise ; human nature
ordered them grew to appear necessary as occa- has not been changed, and the millenium is not yet
sions for a demonstration of power.
The organ- sensibly brought nearer. But the necessary coming
ization gradually assumed to dictate control over together, which is the first step, has been obtained.
employment and discharge, even as to fore- The labor men got a new view, and frankly said so.
men who were deemed obnoxious. The absurd Each party has seen the other side of the shield
"sympathetic" stiike and the utterly impossible
or has realized that there is another side
boycott came naturally in their time, and the walking and admits it.
The principle is established; the
delegate walked in unannounced and ordered out men habit of looking toward an amicable statement
who had no grievance and could not understand why of cases and a study of all the facts has
they obeyed except because the organization must made a beginning.
Mutual suspicion may be
have obedience or it could not exist in the form it a little slow to allay, yet sincerity in the attempt thus
had assumed. The railway troubles of a few years ago far must^be admitted without question; for the labor
are not yet out of memory, and two incidents show leaders could not long block the movement if they
most vividly to what lengths a blindly-moving or- desired to do so, and the capitalists are too astute to
ganization naturally goes
one was the trouble in the spend their time upon mere honeyed generalities which
—
—
:
would certainly aggravate the situation if they proved,
This meeting is thereafter having been petted almost like children, rebelled later, to have been insincere.
because butts not of union make got on some of fore a step in advance which will not be wholly lost
the doors ; the other was this year's steel strikes, even if there should come a temporary slip on it. Orwhich really turned on the demand that the employ- ganization for friendly and fair adjustment of differers should force some employes into the union willy- ences, not for making imperative demands coupled
nilly.
with threats, seems now encouragingly nearer.
cash-register factory in Dayton, where the employes,
THE CHRONICLE.
1288
COTTON FUTURE CONTRACTS IN SOUTH
CAROLINA DECLARED ILLEGAL.
[Vol. LXXIII.
ex equo et bono he should repay them.
Bat Moore
up as his defense that the money advanced for
him was used in a gaming transaction, and that under
set
We
have received some inquiries with reference to the law of South Caroli aa such a transaction is immoral,
the case which recently cam3 up in South Carolina illegal and void.
Mesara. Parker & Co. as part of
involving the validity in that State of cotton future
oontraots as dealt in on the New York Cotton Ex
change.
The
case
was decided by Judge Simonton
their proof introduced the rules
and by-lawa
of the
New York
Cotton Exchange and sustained their side
of the case with the testimony of expert witnesses
United States Circuit Court for the District of who explained the transactions under these rules.
South Carolina the latter part of October. It had These rules expressly provide that a purchaser
been supposed that the legality of such contracts of cotton for future delivery can demmd the
would be upheld, but the Court ordered a non- delivery of the cotton in kind at the time
suit, thus refusing to the plaintiffs in the action (a fixed
tenin the contract, and the seller can
New York brokerage house) the right to recover sums der and enforce the acceptance by the buyer
of money advanced on behalf of the person who was of the cotton in kind. Furthermore, it was shown
dealing in such contracts through them.
that all the contracts for future delivery of cotton
It appears that the statutes of South Carolina de- made upon the floor of the New York Cotton Exclare void every contract, bargain or agreement, change are based upon the fact of an actual delivery
whether verbal or written, for the sale or transfer at either to the original purchaser by the origany f uture time of certain enumerated articles, in inal seller or to some mediate or intermediate
in the
eluding cotton, unless the party contracting to sell or
transfer the same at the time of making the contract
be the owner thereof, or the authorized agent of such
owner, or unless it i3 the bona fide intention of both
parties to the contract at the time of making the
same that the said article in this case cotton so
agreed to be sold be actually delivered in kind to the
After this testimony,
purchaser of his contract.
however, had been given, Moore took the stand in
person and declared under oath that it never was his
intention at any time either at the date of his several
contracts or before, or after such dates, to acquire or
accept the delivery of the cotton in kind. He said it
would have been hopelessly impossible for him to do
party contracting to deliver, and be actually received
in kind by the party contracting to receive the same,
so for
—
—
at the period in the future specified in said contract.
The law also provides that in any and all actions
brought in any court to enforce such contracts, or to
collect any note or other evidence of indebtedness, or
any claim or demand whatever founded on such contract, the burden of proof shall be on the plaintiff to
establish that at the time of making said contract the
party making it was the owner of the goods agreed to
be sold or the duly authorized agent of such owner, or
that at the time of making the contract it was the
bona fide intention of both parties thereto that the
goods so agreed to be sold should be delivered by the
one in kind and received in kind by the other.
The action in the present instance was brought by
Messrs. Jamas H. Parker & Co. of this city, doing
business on the Cotton Exchange, against W. A.
Moore, a small farmer in Spartanburg, S. C. Moore
had been dealing in cotton futures through the New
York house and the first series of transactions netted
him a profit. In the dealings, however, which were
want
of
means
or opportunity.
He
asserted
it
not to receive the cotton, but
to insist on the difference in cash if cotton went up
beyond the price stipulated, and that he had done this
in every instance in all previous transactions.
It was this declaration on the part of the defendant
which concluded the case and led the lower court to
was his
full intention
order a non-suit, which Judge Simonton now sustains*
Judge Simonton points out that the Supreme Court
of South Carolina, in the case of Harvey vs. Doty, 54
has construed the law on which Moore
In the case referred to, dealing
rested his defense.
with a contract for future delivery, the Supreme
Court of the State held that when an agent contracts
S. C. 382,
in
good faith
in his
own name with
other parties for
the sale of property for future delivery, and there is
a bona fide intention on the part of the agent and the
other contracting parties at the time of making the
contract to actually deliver on the one hand and to
actually receive on the other at the period mentioned
cannot recover from his
made on such conadvances
principal losses
the subj act of the present suit a loss resulted.
Moore tracts unless he can show that it was the bona
gave numerous ordars which Messrs. Parker & Co. fide intention of his principal at the time of
executed for him, and in the case of each order they the making of the contract to actually deliver or to
notified him that the order had baen filled and that all receive property so sold at the maturity of the conthe transactions were governed by the rules and by- tract. This statute, Judge Simonton says, deterlaws of the New York Cotton Exchange. Every such mines the public policy of the State with regard to
notice to him was made in writing, and he did not these future contracts.
The Court, he says, cannot
reply one way or another.
i put some money in the
consult its own views of the wisdom or propriety of
hands of the New York house as margin, and when this policy. Its province is to recognize and enforce it.
this margin was exhausted Messrs. Parker & Co. made Beyond that it is unnecessary and unwise to pursue
advances to make good the deficiency, notifying Moore the inquiry. The Court has no alternative but to apply
of the fact and requesting re-payment.
After having the law of South Carolina. By that law a rule of policy
failed to respond to these reiterated requests for addi- has been adopted under which contracts like the one
tional margin, the New York house closed out the under consideration are condemned except under certransactions and brought suit against him for the tain conditions, and these conditions must be enforced.
recovery of the advances.
The Court seemed to be strongly impressed with one
Judge Simonton says that there ia no doubt that point urged on behalf of the plaintiffs. As already
the money was advanced by the plaintiffs, as claimed, stated, Messrs. Parker & Co. reported to Moore at the
for the use of the defendant and at his special in- time of the making of each contract and also gave
stance and request and under ordinary circumstances formal notice in writing that the order had been ex-
H
in the contract, such agent
or
December
91,
1901.]
THE CHRONICLE.
ecuted under and subject to the rules and by-laws of
New York
Cotton Exchange. The receipt of such
notice was not denied, the Court says, and as upon
such receipt Moore did not reply, his silence evidenced
This being so, it was contended on behalf
his assent.
of the plaintiffs that Moore was estopped'from resortthe
ing to the defense set up.
Judge Simonton
declares,
however, that even under the rules of the X. Y. Cotton
Eichange, although the parties to the contract have
the right one to demand and the other to insist upon
the acceptance of the subject matter of the contract
in kind, yet they may, without violation of this rule,
forego this right and intend not to exercise it, and to
settle their difference in money.
Moreover, the South
Carolina statute forbidding gambling transactions
goes behind the contract.
Notwithstanding|the contract, it makes the validity of the transaction depend
on the bona fide intention of both parties.
In tho
present oase the defendant swore as to his intention,
declaring that he at no time intended to deliver in kind,
had no intention to deal in cotton, but speculated entirely on the profits of his contract, which accordingly
must be considered conclusive.
Messrs. Parker & Co. have appealed the case, and
ployed
is
1289
legal in its character,
and does not
violate
any rule of law, good morals or public policy."
RAILROAD GROSS AND S E'l EARNINGS
FOR 00 1 OBBR,
Our statement
tho gross and net earnings of
of
United States railroads for October (covering all
roads for which it is possible to procure monthly returns) makes an exceedingly favorable showing.
In
amount of gain shown it is in fact the
we have had since we have been compil-
the aggregate
best exhibit
ing these monthly records.
In the gross the increase
sum of $17,078,641,
the sum of $8,234,918,
reaches the imposing
cent, in
the net
cent, as will be seen
1901.
January
76,6f-8,22'
Net earn's 46,685,008
The
2147 per
1800.
1 to Oc'<
(101 roads.)
TiMiiu.)
$
Gross earn's 122,173.28C 105,094,689
Oper. exp.
or
from the following:
October.
die
or 16-25 per
Increase.
VMl.
1900.
Increase.
$
17,078.64) 943.068.321 845,-07,731' H7,3a0,6*7
611.714,119
8,843,72:- 829,794,-48 577,7t6,69H
5
38,350,0901
8,234,91c 313,273,473 268,041,04 1
46,232 432
',
reasons for these extraordinary amounts
gain are not far to seek.
of
addition
to
the
In
contin-
comes up before the TJ. S. Circuit Court of Apued activity of trade, which has played such an impeals at Richmond, Va., at the February term.
months in swelling railroad
The views of the United States Supreme Court in the portant part in previous
traffic and revenues, the comparison was with a period
it
matter of the validity of future delivery contracts
The
of unfavorable conditions in October last year.
were set out at length in a decision rendered in May
anthracite coal miners' strike prevailed at that time,
1893 and which we reviewed in these columns in our
with the result of a great shrinkage in the earnings of
issue of June 24 1893.
The'action in that case was
The present year these
all the anthracite carriers.
that of Richard H. Allen & Co. of this city and
and very auspicious
under
normal
roads were operated
Memphis against Benajah S. Bibb and one Hopkins,
year
last
October of
conditions.
Again,
in
who were doing business under the name of B. S.
the spring-wheat roads in the States of the NorthBibb & Co. Allen & Co. sought to recover some
west had a wheat shortage to contend against.
money advanced and commissions for services renThe present year the spring-wheat harvest in
dered for and at the request of Bibb & Co. In that
that section has been abundant. Then, also, the Pancase the contention was that the contracts for the
American Exposition at Buffalo the present year opersale of cotton for future delivery were gambling
ated to the advantage of a number of roads, though
contracts within the meaning of the New York
it is only proper to say that the New York Central,
statute against wager?, bets, etc., and that said conwhich is supposed to have gained most of all from the
tracts were also invalid under the statute of frauds in
Exposition, is not represented in our list,
the State of New York.
We have not the space to travel to the
as that road does not furnish monthly reports of net.
review at lergth the points raised, but it is~important
On the other hand, there are some particulars in
to note that on the facts of that case the United
which the conditions were adverse the present year.
States Supreme Court expressly declared that "a
This remark applies particularly to the corn crop failtransaction which on its face is legitimate cannot be
ure in the West and the corn and cotton ehortage in
held void as a wager contract by showing that one
the Southwest.
party only so understood and meant it to be. The
It will be gathered from what has been said that
proof must go further and show that this understandthe comparison for October is with a period last year
ing was mutual ; that both parties so understood the
when our statements had shown losses. These losses,
transaction.
If, however, at the time of entering into
however, were quite light less than a million dollars
a contract for the sale of personal property for future
They followed, moreover,
in either gross or net.
delivery, it be contemplated by both parties that at the
strikingly large improvement in the years immeditime fixed for delivery the purchaser shall merely reately preceding.
We show herewith the record back
ceive or pay the difference between the contract and the
to 1896.
market price, the transaction is a wager and nothing
Set Earning*.
Gross Earnings.
more." The Court in that opinion also made use of Year and
Number
Tear
Increase or
Tear
Increase or
Tear
Tear
the following language: "It is settled by the weight oj road*.
PreeedinoA Decrease.
Oiveit.
Decrease.
Oiven.
Preceding
of authority that where a principal sends an order to
*
October.
*
a broker engaged in an established market or trade, 1896 (131) a7.169.43i 71,143,88>- —3,679.856 25.043,731, 26.729.46S -l.cSj.727
-2.354.S46
+6,110,67* 28.949,53) 28,694,01897 (130
78,760,887 73.660.01i
for a deal in that trade, he confers authority upon 1898 (127) 86,9u5.818 81,763.14 i +4,142,6741 33.163.472 80,883.329
•0,148
101.3S4.7eO 89,109,67- +12,275.082, S8.C68,967i 33,446 .2*9 +4,917.973
1899
(131)
the broker to deal according to any well-established
-976.101
39,003.259, 39.979.36
—872,85'
1900 (137) 105,626.412 106.899.268
usage in such market or trade, especially when such 1901 (116) 122,178,230 105,094,68ii +17.078,641 16 586,008 88.350.C9 + 8.234,918
1 to
usage is known to the principal, and is fair in itself, Jan.
Oct. 81
168.851.87J 16.'.'J42 7J1
+908,481
and does not change in any essential particular tl e lone (ii9 530,191,801' 526.503 43i +8.01897 (118i 685,177.167 65rt.503.l97 +28,673,96 187,491,57 16^.78 1,803 +1-.758.811
contract between the principal and agent, or involves 1898 (111' 972.348.394 684,748.81 +47.69
2l4.870.38i 197,168,666+17.501,715
1899 (121 7/2,715.005 698 2F4 33 +74,43 ,« 244,1 32 9(17 216.674.705 +27.45S.962
no departure from the instructions of the principa
'8.270 ^66.182,959 +21,099.311
1900 (129 881,160.553 8J5.814. 91 +75,835,64
provided the transaction for which the broker is em- 1901 (101, 943,068,821 -4fi.307.7S4 +97 290.687 813.273.4- 3ly 8.0' 1.041 -t-4S.282.4S2
—
\
7
1
;
I
movj
The
many
I
gains in the case of the separate
instances
of
VllXkWll A WAj Ej.
I'v
roads are in
There
magnitude.
great
M I
a
[VOL. L.XX1U.
ITEM8 ABOUT BANKS. BANKER8 AND TRU8T CO'8-
—The auction sale? of bank stocks this week aggregate
and net, contributed 233 shares. No sales have been made at the Stock Exchange.
mainly by the roads which have suffered from the Transactions in trust company stocks reach a total of 206
small
number
is
of losses in gross
crop shortage. The following is our usual list of shares, all sold at auction. Several considerable advances in
price are recorded, among the greatest being stock of the
changes for amounts above $30,000.
National Citizens' Bink 50 points, Colonial Trust Co. stock
PRINCIPAL CHANGES IN tiKOSS EARNINGS IN OCTOBER.
MicrniM's.
43 points and Merchants' Trust Co. stock (of which there has
Readlnjt
$3,136,694 Kan. City Southern. ..
$108,959
been no sale since January) 55 points. In the "outside"
UV.RR.and L.V.C.... 2,708.350 Pere Marquette
97.o7d
Pennsylvania t
1,730,300 Seaboard Air Line
87,814 market bank and trust
company shares have been very dull,
Northern Paolno
67,292
1,163,676 Wisconsin Central
Canadian Paolno
807,677 Central or Georgia
63,979 and no sales have been made.
Brie
598.825 Buff. Roch. & Pitts....
58,041 Sharci.
Banks— New York.
La*t previous §aU.
Price.
Cent, of New Jersey..
515.065 Chicago cV Alton
47.307
10 Amer. Exchange Nat. Bank... 2-9-4
Dec. 1901— 290
Southern Paolno
&
Fran.
473,922 Alabama «it. Southern
42,804
41,663
359.897 Clue. Ind's &Louisv..
337,407 Wheeling <fe L. Krle....
41,637
Baltimore & Ohio
337,141 Cin. New O. & Tex.P..
41,318
Ohio. Rock I. & Paoino
328,65^ Hocking Valley
38,768
Atoh. Top. & Santa Fe.
38,640
320,475 Chic Great Western..
Minn.St.P.&S.Sto.M.
267,455 IowaCentral
38,536
Union Paolno
254,893 Indiana 111. & Iowa ..
38,147
Ohio. Mil. <fe St. PauL.
242,430 Atlantic Coast Line. .
37,629
N. Y. Ont. <fc Western.
86,986
239,679 Grand Trunu Western
Louisville <fe Nashville
222,440 Ohio. Burl. <fcCJuinoy..
32,367
Northern Central
201,600
Mo. Kans. & Texas...
200,690
Total (representChoc. Oklah. & Gulf..
181,226
ing 58 roads)... $16,763,762
Norfolk & Western
176,292
N. Y. Susque. &, West..
17 2,779
Decreases.
Wabash
162,699
Grand Trunk
$40,211
15?, 165 San Anton. & Ar.Pass..
Southern Railway
32,164
153,039 Ft. Worth & Den. City
Phila.Wilming.<fc Bait.
127.100
01ev.Cln.Chlc.As8t.L.
113,394
Total (representing
Chesapeake <fe Ohio...
112,4i0
2 roads)
$72,375
t Covers lines directly operated east and West of Pittsburg and Erie.
The gross on Eastern lines increased $932,700 and the gross on
Western lines increased $797,600.
PRINCIPAL CHANGES IN
EARNINGS IN OCTOBER.
St. Louis
San
Illinois Central
NET
Increases.
Increases.
Reading
$1,410,336 Southern Railway
Leh.V.RR.andL.V.0. 1,189,158 Kansas City Southern
Pennsylvania t
762,700 Burl. Ced. Rap. & Nor.
Northern Pacific
669,902 Phil. Winning. & Bait...
Central of New Jersey
394,573 Chic. & East Illinois..
Canadian Paoino
388,865 Mo. Kans. & Texas...
Baltimore & Ohio
347.915 Wisconsin Central
Erie
333,360
Ohio. R. I. & Pacific .
Union Pacific
Minn. St. P. <fe S. St. M.
3 1 3.0 1
280,891
$67,491
67,239
50.330
46,200
39,949
34.779
31,594
Total (representing
42 roads)
$8,401,509
224,246
JSt. Louis & San Fran..
205,284
Seaboard Air Line....
194,353
Decreases.
Illinois Central
170,055
Atch. Top. & Santa Fe
166,242 Louisville & Nashville
$82,257
Northern Central
154,600 St. Louis Southwest...
70,432
Southern Pacific
138,194 Mexican Central
63,495
Norfolk & Western
135,752 Yazoo & Miss. Valley.
6o,a09
Chlo. Mil. & St. Paul..
121,258 San Ant. & Ar. Pass..
55,of 4
N. Y. Susque. & West.
113,957 Chic. Burl. &Quincy..
47,924
N. Y. Ont. & Western.
110,844 Mexican National
32,567
Buff. Booh. & Pittsb'rg
82,972
Wabash
80,255
Total (representing
Choc.Oklahoma&Gulf
75,198
7 roads)
$412,538
Covers lines directly operated east and wt st of Pittsburg and Erie
The net on Eastern lines increased $478,300 and the net on Western
lines increased $284,400.
When the roads are arranged in groups the general
nature of the improvement is graphically portrayed.
Every group records an increase in both gross and
net outside the Mexican group. While of course
the anthracite group is particularly conspicuous for
the extent of
its
gain, the fact should not escape no-
group were entirely eliminated from
the results, the statement would still show over 10
million dollars increase in gross and over 5 million
tice that if this
dollars increase in net.
SUMMARY BT GROUPS.
section or
Gboup.
Ghross
Earnings.
1901.
1900.
Net Earnings.
1901.
1900.
Inc. or Dec.
October.
Trunk
lines. (13)
P.O.
28,322,690
25,178,216
9,988,616
8,131,165
Anthra. coal <7) 13,401,191
Bast. & Mid. (16)
3,298,163
Mid. West'n.dS! 8.399,863
6,688,627
3,393,678
174,805
2,821,-98
1,479,174
1,158,857
+1,657,460 18-47
+3,318,868 1841-4
+880,817 27 70
7.610,686
2,876,783
2,580,040
16,248.181
16,206,822
6.890,083
6,210.903
13,628,736
12,162.117
6,890,826
5.486,221
12,933,304
10,707,168
6,610,410
6,170,762
7 581,008
8,233,080
8,038,076
+1.889,668
+150,004
26*91
8,029,713
15,316,836
14,332,1*0
6,159,898
6,123,077
+-836,821
6-57
2,595.051
2,582.958'
832,966
9J-2.704
— 119,7?8
12U6
Total (116r*ds) 122.173,230 105,091,589
16,685,008
38,850,090
+8,231,918
21-47
69,301.751 +12,726 334
15.888,982 +8,868,080
18-86
51-29
SJorthwest'n(l2)
Bouthwest'n.il4)
North Pacific (3)
South Paciflc(8)
Southern ...(28)
Mexican
(3)
Jon.l
to Oct. 81.
Trunk
lines. (12) 251,120,483 226.970,10o'
Anthr.
coal..( 7) 111,591.504
82,031,085
91,762 473i 23,738092
East. & Mid. (15)
+296,718
+679,180
+165.105
11-50
10*94
8-37
1-87
29,811,806 27,2C8,008J 10,183,396
9,084,285 +1,119110 12-85
Mid. West'n.dO 71,739,714 61,143,674 23,137,988 19,208,785 +3,929,183
2015
Northwest'n (11 131,168.156 121.281.378 16.096,200 11.417,187 +4,«54S,718 11-28
8onthwest'n(18) 1C6.068.667 88,076,8181 89,286,181
82,072.688
12.011.015
36,852,741
+7,163,801
+5,161,271
22-31
North
918,675
8U.65316,621
Southern.. ..(20; 122.674,969 112,419,639! 38,260,118
Mexican
(3) 25,510,130 25.409 671
8.292.2*5
283,891
+31.730
36.201,109
+8,059.809
-969,102
11-18
8-69
10'37
Total (101 r'ds) 913.068.821 846.807,784 313,273,473 268,011.041
T 45,232,432
16-88
Paoiflc(3)
South Pac_...(l)
94,936,328
8l.4C4.082J
9.261.S27
\
14-01
60
4
25
7
10
10
Citizens Bank, National
City Bank, National.
Commerce National Bank
of..
Corn Exchange Bank
Hamilton, Bank
1
1
Oct.
Dec. 1901—
Dec. 1901—
Dec. >901—
Nov. 1901—
450
169
208
vlnK National Bank
40 Jefferson Bank
30 Leather Mfrs.' Nat. Bank
5 Manhattan Co., Bank of the..
2 Market & Pulton Nat. Bank..
20 Meohanlcs' Nat. Bank
America, Trust Co. of
ColonlalTrust Co
Merchants'Trust Co
Morton Trust Co
North Amenoan Trust Co
603*4
375
440*«
170
June 1901— 201*«
First sale.
15l*a
265*4
325*«
1901— 2653s
July 1901— 327*4
Dec. 1901- 267-4
Dec 1901— 292*3
Deo.
263
295*8
Trust Companies— Ntv> York.
35
16
20
29
106
1901— 160*2
210
6OII4
362*s
275*4
Dec.
1901— 279%
Nov. 1901—
370
355
327
Jan. 1901— 300
Dec. 1901—1,196
1,198
Nov. 1091—
270-275
248
—
We noted last week the increase in value of New York
Stock Exchange memberships as indicated by the sale of
two seats at the high price of $71,000. This week the record
has again been broken, a seat selling at $73,000, not including
initiation
and other
fees.
—
The Boston Clearing House Association have restored
the original rate of one-tenth of 1 per cent collection charge
on items drawn on New England banks which do not remit
to the Clearing House at par, having apparently failed to
coerce such banks through the imposition of a charge of J^
of 1 per cent into compliance with the rule of the Clearing
House. The attempt to collect items from these banks
through the express companies was defeated by the banks
securing a supply of standard silver dollars with which they
paid these items.
—Two new members have been elected to
the
Boston Clearing House Committee.
Vialle, President of the National
Bank
vacancies in
Mr. Charles A*
fill
of the Republic,
and
Mr. A. L. Ripley, Vice-President of the National Hide &
Leather Bank, are the appointees. The resignation of Mr.
F. B, Sears, Vice-President of the National Shavvmut Bank,
is responsible for one of the vacancies, while the death of
Mr. J. J. Eddy left the other gap.
—
It was announced on Tuesday that arrangements have
been completed by which the National Bank of North America in New York will, probably at the annual meeting in
January, absorb the Bank of the State of New York, the
capital of which is $1,200,000 and surplus and undivided
profits $540,000.
According to an official statement made by
President Van Norden, the directors of the Bank of North
America have voted to double the bank's capital and sur-
plus,
which are now $1,000,000 each, by the offer for subby present stockholders of enough new shares at
scription
§200 per share to provide for the above-noted increase for the
purpose of absorbing the Bank of the State. When this
absorption shall be accomplished Mr. Van Norden will retire
from the presidency and be succeeded by R. L. Edwards, now President of the Bank of the State, Charles W.
Morse,
who
controls,
and
is
now
Vice-President of the latter,
North America and Henry
Cashier of the latter, and who has
will be First Vice-President of the
Chapin
Jr,
who
is
now
been influential in advancing its prosperity, will be promoted to the Vice-Presidency. Alfred H. Curtis, now Cashier of the Bank of the State, will be Cashier; he has been
twenty-five years in the Bank of the State. Mr. Van Norden,
who has a controllingjinterest in the North America, has sold
the larger part of his stock to Mr. Morse, but he will remain a
director as also will Wm. F. Havemeyer, the Vice-President.
The above arrangement has been brought about through Mr.
Van Norden, who, after eleven years' successful administration of the bank, has thus taken advantage of an opportunity
to retire from active business. When the new building which
will be erected on the present site of the Bank of the State,
extending along Exchange Place and through to Wall Street,
shall be completed,
the banking offices in the building will be occupied by the
National Bank of North America.
as heretofore noted in this department,
December
THE CHRONICLK.
31, 1901.]
1291
bank so far selected are: CharleB names of the New York directors will be announced, as will
W. Morse, August Belmont, R. L. Edwards, Char Irs T. also the full list of directors of the company. New York
Barney, W. II. Gelshennen, Robert M. Thompson, Frank K, capital has been enlisted in the enterprise, and the company
Sturgis and Edward T. Bedford. The directors of the bank will be represented in this city by a Vice- President, an Aswho will remain after the merger shall have been completed sistant Secretary and Treasurer and twelve of the twentyare: Henry H Cook, Elihu Root, Warner Van Norden, John five directors. Two members of the Executive Committee
H. Flagler, W. F. Ilavemeyer, Henry Dimock and 51. \. v\ ill be residents of New York. The company has a charter
Thatcher.
Messrs. Morse, Belmont, Edwards, Sturgis, granted by the Maryland Legislature, and it will have deThompson and Bedford are now directors of the Bank of the partments of trust, banking, real estate and loans, title insurance and safe deposit and et
The company will absorb
State.
Bank
Savings
and
its
branch.
the
Union
.ire.
—The stockholders of the Corn Exchange Bank have as-
The new
directors of the
,
sented to the proposition of the directors to increase the capital of the bank from $1,400,000 to $5,000,000, for the purpose,
as noted in this department November 23, of carrying into
effect such merger agreements as may be desirable and for
the extension of the bank's branch system.
—
The members of the Cotton Exchange have voted to close
the Board on December 26, following the Christmas holiday.
—
A report that Charles W. Morse had secured control of
the Fourteenth Street Bank is denied by Irving C. Gaylord,
the Cashier, who said that the stock is so closely held that
control cannot be obtained.
—The annual
banquet of Group Eight of the State BankAssociation was held at the Waldorf-Astoria hotel on
Thursday evening. Among the distinguished guests present
was Secretary Gage, who epoke upon the financial question
After referring to the weakness of the banking system, he
suggested, as a remedy, a plan of coalition between individual
members of the banking community throughout the country
into one central institution, with convenient branches in the
larger cities, in which system all banks should be related or
ers'
interested, according to their individual relative importance,
and which,
a certain sense, should represent to the banking interests of the country what the Federal Government
represents in our political system. He then referred to the
defects in the currency system, repeating some of the statements made in his recent annual report, and he concluded
with the proposition that no more favorable time than the
in
present for reasonable, judicious and careful modification of
the law has ever existed in the past, or is likely ever to exist
in the future.
— More than
the necessary two thirds vote of the stockholders of the banks interested has been received in the matter of consolidating the State National and National Hide
Leather banks of Boston under the name of the former. The
merger will take place as soon as the future location of the
State National has been decided upon.
&
—On January 14,
annual meeting, the stockholdBank of Milwaukee will act on the
at their
ers of the First National
proposition to increase the capital from $1,000,000 to $1,500,Mr. F. G. Bigelow is President; William Bigelow,
000.
Vice-President; Frank J. Kipp, Cashier; T. E. Camp and H.
G. Goll, Assistant Cashiers.
—Messrs.
Mason Brothers, London, announce that
their
partnership agreement terminates through effluxion of time
on the 31st of December of this year. The business will be
carried on as before at the same address by their senior partner, Mr. D. M. Mason.
—An institution
known
as the People's Trust Company, with a capital of $5,000,000, is in prooess of organization in Baltimore, Md. with Ex Governor E. E. Jackson of
to be
,
Maryland as President. The preliminary steps for this organization were taken early in the year when, as noted in
this department February 9, the following were selected as
directors: Edgar K. Legg, President of the Union Savings
Bank; Oscar C. Martenet, Henry F. New, Vice President of
the Union Trust Company; Dr. James G. Wiltshire, H. C.
McJilton, Secretary and Auditor of the United Railways &
Electric Company of Baltimore; James E. Tippett and Col.
Richard A. Spencer. It now appears that the following have
been added to the list: Col. William H. Love, Secretary to
the Baltimore Board of Trade; James F. Barbour of Washington, D.
C; Charles
J.
Faulkner, ex-United States Senator
—
Several important changes were made in the personnel of
the executive officials of the New Jersey Title Guarantee
& Trust Company of Jersey City at the stockholders' meeting on Tuesday. Mr. James E. Hulshizer, who has proved
his efficiency as Secretary and Treasurer of the company, was
made President, Mr. George F. Perkins declining reelection,
owing to the fact that his other interests engage all his time.
Mr. Perkins will, however, remain with the company in his
old capacity of Second Vice-President. Mr. William H.
Corbin will continue as First Vice-President. No successor
has yet been chosen to Assistant Secretary and Treasurer
Daniel E. Evarts, who becomes the new Secretary and Treasurer. The old board of directors was re-elected with one exception, Joseph D. Bedle replacing Lawrence Fagan.
—An addition of $300,000 has been made to the capital of
the Morristown Trust Company of Morristown, N. J., making the amount $600,000. The new stock will be issued
January
2.
—
The remark in our issue of the 7th inst., in noting the
decrease in the dividend of the Hartford National Bank of
Hartford, Conn., from 3% to 3 per cent, to the effect that
" the reduction was made to offset the tax now collected by
the State," seems to call for some further explanation.
Under the law recently passed the bank is compelled to pay
the tax of one per cent, which is therefore deducted from
the dividend. This really means, however, that the stockholders of the cities (and perhaps of the towns) receive a
net dividend of a larger amount than they have had heretofore.
In Hartford, for instance, the city tax is about two
per cent. Thus, as the bank from now on is to pay the tax
on the whole capital stock and deduct but the one per cent, it
is really a saving to the majority of the stockholders of
about a
sum equal
to one per cent.
—
In our issue of November 2 1901 we called attention to
the incorporation of the Home Trust Company of Hoboken,
N. J. This company, we learn, is merely Andrew Carnegie's
property in a corporate form, Mr. Carnegie owning the whole
company. The capital of the institution is §100,000. The
shares are $100 each.
—A certificate of increase in
the capital of the Troy Trust
Company of Troy, N. Y., from $150,000 to $200,000, has been
filed with the Secretary of State.
$500,000 will be distributed among the creditors of
the City National Bank of Buffalo in the 15 per cent divi-
—About
dend which has been authorized by the Comptroller. Payments will begin about January 2. With the 50 per cent
paid in September this makes a total of 65 per cent paid on
claims against the bank.
—The
augmentation to $350,000 in the capital of the Caliof Los Angeles, Cal., becomes effective after
the first part of January. The increase, $100,000, was voted
by the stockholders on November 16. The stock was sold at
140 per share, enabling the officials to add $40,000 to the
fornia
Bank
surplus account.
—We
referred last week to the growth in the business of
the Marine National Bank of Milwaukee. The statement
under the call of December 10 1901 has since been received,
and it reveals still further expansion. Deposits are now $3,049,279,
which compares with
$1,890,232
on September 5
1900.
—Authorization to resume on the 19th
the First
National Bank
inst.
was granted
to
of Ballston Spa, N. Y., the Compbasing his action on the fact that the
from West Virginia; H H. Howard, Cashier of the Nicholas troller of the Currency
County Bank, Summerville, W. Va.; J. C. Henderson, Pres- capital is unimpaired and the bank is otherwise in a safe
The suspension was due to the defalcation of
ident First National Bank of Elba, Ala.; D. A. Keister, Col. condition.
B. E. Valentine and W. F. Bainbridge. After the meeting $100 000.
of the stockholders, to be held at Baltimore early in the year,
the company will be permanently organized, and then the
—Mr. Charles
First National
E. Mailey has resigned as Cashier of the
Bank of Lynn, Mass. The resignation was
THE CHRONICLE.
1292
iD, it is understood, at the request of the directors of
the bank, who took exception to the action of Mr. Mailey in
seeking to secnre control of the bank through the purchase
of a majority of the stock. In a statement issued by the directors under date of the 12th inet. the book value of the
stock is given as $140 per share, while the) price which Mr.
Mailey was willing to pay for the same, it is stated, was $120
per share.
—An indication of
handed
—Mr.
New
the
Albert
England
first
ment
which time he enters the loan investremain a director of the New Eng-
will
land National.
—The
—
At a meeting to be held in February the stockholders of
the Western Savings & Deposit Bank of Pittsburg will vote on
an increase in the capital from $100,000 to $250,000. Mr. John
Dimling is President ; Fred Fichtel, Vice-President, and H.
C. Wettengel, Cashier.
— It is announced that a
dividend of 15 per cent is soon to
paid
to the creditors of the Middlesex County Bank of
be
Perth Amboy, N. J. This will make a total of 50 per cent,
which, according to Receiver Edward S. Campbell, is the
full amount to be realized by the creditors.
—The German- American
S. Butts,
,
Louis
St.
is
organized, with a capital and surplus of $2,000,000.
The stock has a par value of $100 per share, but is to be sold
at $200, to be paid in monthly instalments of 10 per cent.
The company expects to be ready for business by the first of
Louis corporation now in process of being
organized is the State Trust Company. This company has
an authorized capital of $1,500,000, of which $375 000, it is
The par value of the shares
stated, has already been paid in.
is $100.
The enterprise is being launched by Mr. G. W.
Spencer, President, and Mr. E. A. Wernse, Secretary of the
—Another
St.
Company of St. Louis.
—The Real Estate Trust Company of Pittsburg has
Industrial Securities
de-
clared its first (quarterly) dividend of 2 per cent, payable
January 2 to stockholders of record December 20. The com-
pany recently increased
its
from $1,000,000
capital
to $2,000,-
000.
—
Messrs. Tootle, Lemon & Co. of St. Joseph, Mo,, have
during the twelve years of their existence advanced to the
front rank of financial institutions in that city. The table
herewith clearly shows the growth established in that
is
— At the annual stockholders' meeting of
the National ExWheeling, W. Va., on January 14, the
question of increasing the capital from $200,000 to $300,000
will be voted on. The officials of the bank are; President,
John N.Vance; Vice-President, John Frew; Cashier, Lawrence E. Sands, and Assistant Cashier, C. W. Jeffers.
of
—Mr. W. W. Hill has been selected to
the office of Secretary recently created by the Continental National Bank of
Chicago. Mr. Hill comes from Louisville, Ky., where he
was Secretary of the Columbia Finance Trust Company.
fill
&
—The International Audit Company, 411 Merchants'
& Trust Building,
Chicago, is a newly incorporated instituwith excellent men for officers and directors. Its President is John McLaren, formerly President of the Hide &
Leather Bank, and later Vice-President of the Union Na-
among
directors are
W.
T.
Fenton, Vice-President of the National Bank of the Republic,
and E. G. Keith, President of the Metropolitan National,
both of Chicago. Jno. Leith, Treasurer, and Robert Nelson,
Secretary, are chartered accountants of wide experience.
its
26
26
26
26
— Colonel
John W. Conley, who was a member of the firm
of Schwartz, Dupee & Co., for several years, will on January
1 join the prominent brokerage firm of John H. Wrenn &
2G1897
26 1896
261895
26 1894
261893
26 1892
26 1891
26 1890
July 8 1889...
The Rookery, Chicago.
—The stockholders of the Asiatic National Bank of Salem,
Mass., voted last Monday to reduce the capital stock from
and
to increase the par value of the
shares from $30 to $100. Mr. George H. Allen is President
of the bank, and Mr. William O. Chapman, Cashier.
— The
Baltimore Chapter of the American Institute of
Bank Clerks was organized a few weeks ago. Thirty members
have already been enrolled, and the following elected as offi
cers: President, William S. Hammond, Assistant Cashier of
the First National Bank of Baltimore; Vice-President, J. C.
Fenhagen; Treasurer, S. M. Reid, and Secretary, T. B.
Ewalt. Meetings are to be held every two weeks.
—
Philadelphia has also established a branch of the American Institute of Bank Clerks. At the meeting at which the
organization was perfected, Mr. Henry M Dechert, President
of the Commonwealth Title Insurance
Trust Company;
Charles E. Wolbert, Vice-President and Treasurer of the
&
West End Trust Company, and
$4,112,378
3,232,060
2.915,143
2.399.242
1,996,615
1.384,623
1,154.297
1,279.726
720,853
491,938
518,457
218,508
126,689
52,931
1,228,638
1,177,813
831,460
813,115
883,946
510,592
382,844
338,643
191,684
92,526
The officers of the bank are: President, Mr John 8.
Lemon; Vice-President, Milton Tootle Jr.; Cashier, Graham
G. Lacy, and Assistant Cashier, E. H. Zimmerman.
IMPORTS AND EXPORTS FOR NOVEMBER.
The Bureau
B. M. Faires, Vice-President
of the Fourth Street National Bank, were present and dwelt
upon the necessity of education along the lines laid down by
the Institute.
of Statistics at
Washington has issued
the country's foreign trade for
November, and from it and from previous statements
we have prepared the following interesting summaries:
the statement of
FOBBION TRADE MOVEMENT OP THE UNITED STATES
[In the following tables three
Co., in
$315,000 to $200,000,
$4,040,077
8,153,043
2,819,957
2,305,252
1,933,175
1,307,624
1,042,728
1,193,503
635,379
415,844
460,193
159,492
73,930
3,061
1901
1900
1899
1898
.
Loan
tion,
of Chicago, while
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Total
Resources.
Loans.
$2,412,667
1,883,071
1,791,060
Depositt.
1 1901
Oct.
capitalized at $100,000.
Bank
Trust Company of
now being
President of the Vicksburg Bank
one of the organizers of the American period
National Bank of Vicksburg, whose application for a charter
Tootle, Lemon & Co.
has been approved by the Comptroller. The bank has been
—Mr. Edward
of Vicksburg, Miss.
tional
is evi-
in the declaration of a 6 per cent
the year.
dividend has been declared on the stock of the
Commonwealth Trust Company of St. Louis. The company
has been in operation only since last May. The dividend, $3
per share on the capital of $1,000,000, is payable January 21
to stockholders of record on December 1?.
first
change Bank
year,
its first
dividend on the capital of $500,000.
The institution is under the management of
Mr. Alexander McPherson, President; Theodore D. Buhl
and Henry Stephens, Vice-Presidents, and George L. McPhereon, Asst. Secretary and Treasurer.
denced
Childs, for thirteen years Cashier of the
National Bank of Kansas City, Mo., retires
He
the success attending the Detroit Trust
Company, which has not yet completed
W.
of the year, at
business.
[Vol. LXXIII.
Imvovti.
Bxvortt.
Merch'dlse.
July-Sept...
October
November..
Total
In
.
Excett.
223.748+124,350
213.039+111,430
81.447 +64.212
72.497 +64,015
Bxportt.
I
371.181
340,852
319,981
163.390
136.702
«
Import*.
Exceu.
•
•
23 1.263 + 139.928
208.168 +132.688
185.050+134,881
70.631 +92,769
6 3.354 +71.313
760,462
+57 T.604
8,176
5,824
22,264
22.165
442
677
10.802
23.883
10,781
1 2,642
+2,352
+11,162
-1,193
-10.289
-11.965
+2.790
53.724
63,362
-9.6S3
8,164
+6.840
+4.681
Ore.
Jan.-March.
April-June.
20.883
July-Sept...
October....
3,190
4.012
November..
15,9:6
+516
+13,017
19,472 —16.282
-5,127
9,139
5,270 +10,636
52,599
49,309
Total
1900.
.
800.424+528,069 1,332.066
1,3-^8.493
Gold and Gold
(000s) are In all oases omitted.]
209.6t5 +164,062
373,757
348.0B6
324.469
145.659
136,512
Jan.-March.
April-June.
oiphen
til
1901.
,
9,128
8.618
7,316
Sliver and Silver In Ore.
Jan.-March.
April-June.
July-Sept...
October
November..
Total
+ Excess of
We
14,520
13.914
13.063
4,738
4.689
8.111
7,024
7,358
3,080
2,796
+6.409
+6.890
+5.697
+1,^63
+1.894
15.004
15.366
17,182
10.635
11,421
6,100
5,258
3,088
3,650
+ 1,578
50T9T4
28.3e6
+22,543
58,858
36,982
+21.831
exports.
-1-5,711
+3.071
— Excess of Imports.
subjoin the totals for merchandise, gold and
silver for the eleven months since Jan. 1 for six years.
December
THE CHRONICLE.
21, 1901.]
Gold.
MKKCHANIM8K.
/;/
van
Extent
were it not for the uncertainty respecting copper the
French investment would be on a very much larger scale.
-II.VBB.
'
-
*
Im
1293
The impression
in Pari! la that the fall in copper has very
nearly reached its limit; but yet there is not assurance
enough on the point to encourage uiu-h in ve«nii-nt.
I
t
*
~~
•4.790 50,914 118.800 fi 51
wly.
In (Jormany, too, confidence aeeuiH to
1901. 1.82r\4U? SOU, 424 S98009 -Vi.599 I9JM
9.68f- 18,868 86,881 91,881
The Imperial Bank has given ho much aniitanoe promptly
1000. 1.332 066 7 00.45 .57 |0< .53,72*
is»9. 1.102200 \7'is:iu tasoea .13.522 15.715 • wiys 17.7'U t,7S\* 199IH and readily that it has not only kept money plentiful and
1S98. I,ll7,69rtl370 880|SS787< 1 1.076 149,408 181.481 47.96W tfS.Otl J'2,017 cheap, but it has Bpr< ail the, ImpreMlon amongst th39.816
'.i.261JS97 074.655 991.049 483M0 894M .11.410
ly of the people that there iB no danger of fnrt)
jvh
1M9«. SSS.66ll«V8'2.69(* ^«i« 6^ .17.--'.'. 101,930 l4.10b S7.L88 .47.291 ^» 848 failures. The other banks are beginning to lend and discount
• Bices* of liuporle.
more freely, though they are still acting with very gn
In
ies,
Similar totals for the five mouths Bince July 1 caution; and there is increased activity
especially in electrical and coal. The iron trai
111 very
make the following exhibit.
bad and there are doubts whether coal is not being sold at a
loss; but at all events the exports of (ierinan coal are
81LVRK.
UOLD.
MERCHANDISE.
cidedly larger than they were a year ago. The liquidation
will have to go on for a considerable time yet; but it seems
Excess
iBioeii
Excess
Hon. Bvports. Import*.
axImJDaiof
safe
to say now that the worst is over and that we are enter0/
porU. port*. BHPW'ti ports. "<»•''•[ pofrt
ing upon a period of slow recovery.
1
t
The Board of Trade returns for November, issued this
t
*
1
1
1
1
1901. ooo.eio 360.08i a.3»857 2.1 1 4 33,881 •19,771 2*4.480 3.231 9.249 morning, again show a falling off in both imports and ex190U. «'40.oa2 K91.0M -.49>988 9S.984 4 0. 736 •23.462 98.498 18.188 1 0.soo ports. The decreases are due not only to the shrinkage in
1S99 •99488 3397^ •219 u 9t 5.9!8 99.8K) •10.36f20,'!U 13.888 7.269 trade but also to the decline in prices. The value of the ex«
1898. 49M.16I ^,03 5M5 449688 8.748 50 810 •4S.0H) i.4.371 13,009 10.812 ports of British and Irish produce and manufactures for
15.269 9.3u0
1897. 4««l B87 •^3*<2N1 210004 (MM 25.212 •10,610 21
November amounted to £256,185,112, a decrease of £1,782,1896. 144.089 '252.94! 1 9 1 096 14,83) 75.9S6 *61.161i26.872 12.600 14.372
2 13, or 7*2 per cent.
The decrease in the value of the ex* Excess of loiporis
ports of raw materials amounted to as much as £1,373, 783,
In these tables of totals, gold and silver in ore for or about 36 per cent, but the value of articles of food and
drink has, on the other hand, increased about 7 per cent.
aM years are given under the heads respectively of The value of the imports was £46,810,553, a decrease of
£3,923,177, or 5'8 per cent. The principal decrease was in
gold and silver.
the imports of raw materials for sundry industries and manThe following shows the merchandise balance for ufactures, both as regards value and quantity. The value
of hewn timber showed a falling off of £225,000, while that
each year back to 1875.
of sawn timber decreased by over £520,000.
EXCESS OP MERCHANDISE) IMPORTS OR EXPORTS.
Money has continued in strong demand all through the
11 months ending Xov. 30—
5 months ending Nov. 30—
week; but towards the close the Government has paid out
Iroports.$18,874,617 very much larger sums than for a couple of weeks preced1875
Exports. $2,920,59 > 1875
1876
Exports. 122,900,825
Exports. 72,8^7,042 1876
1877
Exports.lt0,104,990 ing and consequently the outside market has not had to bor1877
Exports. 62,208,577
1878
Exports.269,514,539 row during the past couple of days anything like as much as
1878
Exports.113,848,888
Exports. 230,279,987 was anticipated earlier. Moreover, the leading French banks
1879
Exports.115,243,376 1879
1880
Exports. 110,198,223 1880
Exports.141,361,717
Exports. 143,615,639 continue to buy sterling bills. The new French loan has
1881
Exports. 43,H15,673 1881
Exports. 21,109,792 1882
1882
Imports. 18,327,238 not yet been authorized by the Legislature, and therefore it
Exports. 40.434.414 1883
Exports. 8<\517,433 is not known how soon it will be issued. If possible it will
1883
1884
Exports. 60,175,571 1884
Exports 70,931,406 be brought out before Christmas; but in any case it will be
Exports. 78,318,929
1885
Exports. 23,00 \23t> 1885
Exports. 21,814,348 L886
Exports. 20,835,610 brought out early in January, and the impression is very
1886
.Exports. 12,454,370 1887
Imports. 14,635,757 widespread amongst bankers in Paris that as soon as the
1887
Imports. P8.821.017 loan is placed the balances employed by the French banks in
Exports. 2,754,283 1888
1888
Exports. 50,236,712 1889
Exports. 19,581,456
1889
Exports. 15,176,764 1890
Imports. 3,544, o99 London will be largely increased, mainly because they can
1890
Exports.104,962,401 1891
Exports. 91,700,830 be used more profitably in London than elsewhere. That
1891
Exports. 27,644,831 1892
1892
Exports. 75,070,203 will depend, however, upon many things, amongst them
Exports.l 25,6 8,387 1893
Exports. 65,172,031 whether the French begin to invest upon a large scale. If
1893
Exports. 126.047,892
Exports. 57,561,820 1894
1894
Imports. 2,402,246 1895
1895
Imports. 7,137,281 they buy here in London upon the scale that is now thought
Exports.191,095,979 1896
Exports.266,062,419 probable, supposing the war to come soon to an end and the
1896
Exports.246,603,919 1897
Exports.28H.565.818 copper market to become steady, the French banks may not
1897
Exports. 242,589,604 1898
1898
Exports.537,870,363 be in
a position to invest here more largely; on the contrary,
Export8.2 19.392,617 1899
Exports.423, 966,371
1899
Exports.298.988,644 1900
Exports.571. 603,735 it is possible that they might even have to reduce their bal1900
.. Exports.239,657,246 1901
1901
Exports.528.068,764 ances in London. In any event, however, it looks as if money
now would grow more plentiful and cheap. Gold mining is
being resumed in South Africa, and it is hoped that every
gft0txjetarg£
week will see more mines opened. In Rhodesia, too, goldmining is being actively pushed forward; and generally it is
[From our own correspondent,
believed that in the course of a very short time gold shipments from South Africa will be received here once more.
London. Saturday, December 6, 1901.
The
Council continues to sell its dra f ts well. It
The more observant and far-seeing are beginning to think offered India
for tender on Wednesday 60 lacs, and the applicathat too pessimistic a view has been taken of the peneral
tions exceeded 102 lacs at prices ranging from Is. 3 31-321. to
economic position of the country; and iu some quarters,
Is, 4 l-32d. per rupee.
The whole amount offered was altherefore, there is a better feeling than for some time.
It is
lotted, and since then small amounts have been sold by
beyond question that trade is depressed, that prices have
private contract.
fallen, that foreign competition is been, that freights are
The following return shows the position of the Bank of
very low and seem likely to fall further, that the manageEngland, the Bank rate of discount, theprioe of oonsols, etc.
ment of our railways has been neither far-sighted nor judi
1898
1888.
1900.
1901.
cions, and consequently the railway position is very unDec. 7
Dec. 6
Dec. 5
Dec. 4.
4
*
I
X
satisfactory. On the other hand, the fall in prices is very
Iroulatlon
28,«4 1.600
27,181 365
29.4P8.375
29,477.370
advantageous to the railway companies and to manufactur- "ublic deposits
0»3
6,362,'
91
5,961.
5,918/64
9.121,658
other deposits
3621'. 743
36 0S4.oj»7
40.8S8.166
40,007,739
ers in general; especially the fall in coal is of great im!^0
tovernment securities
12,0*0
11,099 585
18,176,060
17.625,0*8
portance to every business and to the poor. Furthermore, Other securities
2d8tH W8S
29.48^.999
2S.9ib,68t
25.881,973
18.W51.594
20 S6M,378
19,624 .760
28 6t6,7«6
the railway position is not really as bad as superficial people deserve of notes and ooln
oin & bullion. both departm'ts 36.318.116
81.260,713
80.7»7.1; i
31.803. 12o
think. The traffic returns have been surprisingly well main- Prop, reserve to liabilities. p. o. 47 15-16
60 11-16
419-16
44 5-10
6*
4
4
4
pereent.
tained up to the present. In some cases the receipts have lank rate
lo*
U0«
>jnsols, 2M percent
97 6-16t
91«
Mi
actually increased compared with last year; and owing to Silver
27 3-16J
27 9-lod.
29 18-16Q.
86^1.
iearina-Hoo.se returns.
231.4l6.000 82L.264.0O0 164433.OU0
.. 219.2d7,-)00
the fall in prices the cost of working ought to be very much
* November 30.
+ Ex-dividend.
lower. Probably, therefore, the dividends to be declared
next month -will be better than is generally expected, and
The rates for money have been as follows:
that in all reasonable probability will bring about a muoh
Mot.
port*.
Imports.
Exoj
Export* ports.
Im-
port*.
T~
or
Export* »""'»•
port*.
0/ t'xI«»rf«.
~~%~
1
1
..
t
l
.
1
ii
:>
1
®ammzxtiKl%UQli&h%zvot
J
.
better feeling.
Upon the Continent there are also some faint signs of im
provement. la France it seems as if the liquidation rendered
necessary by the breakdown in the industrial department,
especially in industrial enterprises in Russia, has been
brought so nearly to a close that it has ceased to weigh upon
business.
Moreover, all fear of a general coal strike has
now passed away; and the happy ending of the quarrel with
Turkey has put the French people generally in a good
humor. Still, there is no inclination to engage in new enterprise; but there is more willingness to invest. This week
French capitalists have been buying gold shares on a much
greater scale than for a long time past; and they have also
been buying
bonds and British railway
—
_,- British Government
_,
stocks. Ine best opinion in Paris, indeed, appears to be that
,
,
Oven Market Rates
e
London.
Interest allowed
for dcpotiti bv
.
s)
Bank
Irade BUI*.
Bills.
1
i
3
Nov.
"
4
16 4
"
28 4
'
80
t
7
4
Dec.
Months.
t«®3
m
Montht.
6 Months. S Mot.
1-16
6-16@S^
3K®i 7-16
8W
&
4 Mos.
X
8H&3H
5-16@Sfci 8
Messrs. Pixley
3«<S4
8 7-16
3
8»s®3tt
BM4M
7-l«@3H
M«4
site*
«
Banks
2K
•X
IM
2*
Vail L>a\,t
Ki
*H
SM
IM
9H
SM
2*1
2fc
2V
Abell write as follows under date of
5
slightly lower rates from Vienna, the demand for that
oontmues, and this has been somewhat stlinu atert by ihe
drop in the Paris exohange. The only movement at* tho Bank of
England is a withdrawal of £50,000 for the Continent. Arrivals:
Gold— With
quarter
|
i
4
3H
3
December
'
Joint Uis'r H i.
Stock At 7-i»
still
THE CHKONICLE.
1294
£6.000; Bombay, £108,000; Sonth Africa, £111,000;
Shipments: Bombay, £27, r>00; Madras, £20,000;
AuRiralla.
total, £'Z25.cOO.
total, £47.500.
Silver— The fall In silver has continued. America belntf ready to meet
the lower rates went o\er from India. The weaknena Iihh been accentuated by selling on Eastern aooonnt. The lowest price touched was
24ir> ia d. oash. from which we have recovered sharply to 2rjU|„d. cash,
and 2f>" 18 d. forward, OH America holding for better prices. The market closes steady but with the outlook uncertain. The Indian price Is
Kb. 64% per lOOTolahs. Arrivals: New York, £91,000; Australia.
£13.000; total, £104.000. Shipments: Bombay, £87,500; Hong
Kong, £36,445; Calcutta, £15,000; total, £138,955.
Mexican Dollars—The market for these coin remains nominal. Arrivals Vera Cruz, £45,000. Shipments— Hong Kong, £8,950.
:
The following shows the Imports of oereal produce Into the
the thirteen weeks of the season
Kingdom during
United
compared with previous seasons
IMPORTS.
1900-01.
20,333,500
7,166.900
6,430,100
743,530
582.440
12,927.600
5,899,600
1901-02.
imp'ts Of Wheat, OWt.17,024.900
8,054,000
Barley
5,155.600
Oats
521.800
635,500
10,315,600
6,025,700
Peas
Beans
Indian corn
Flour
1898-99.
15,084,200
9,329,800
4,197,870
601,420
675,210
11,719,700
4,932,530
1899-00.
16,549,500
5,235,700
5,006,600
985,400
486,500
15,904,800
5,618,300
[Vol. LXXIII.
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Dec. 16, and from January 1 to date.
EXPORTS FROM HEW TORE FOB THE WEEK.
ipeoie)
for the week.
Prev. reported
Total
1901.
1900.
$11,830,534
478,217,665
$11,155,473
506,599,014
1):
1900-01.
Wheat Imported, owt.17,024.900 20,333,500
5,899,600
6,025,700
Imports of flour
6,754,335
Bales of home-grown. 8,142,312
1899-00.
10,549,500
5,618,300
9,032,713
1898-99.
15,084,200
32,987,485
31,200,513
28,956,209
1901-02.
31,192,912
Total
Aver. price wheat, week. 27b.
Average price, season. 26e.
Id.
3d.
27s.
28s.
2d.
Id.
The following shows the quantities
maize afloat to the United Kingdom:
Wheat
Flour, equal
Maize
TMtweek.
Lattweek.
are.. .2,265,000
to qre... 285.000
qtb... 605,000
2.310,000
S60.000
1900
and
1899.
EXPORTS AMD IMPORTS OP BPBOIB AT HEW TORE.
Week.
Sal.
Silver,
per ounce
257,8
9*13,8
d.
Consols., new, 2% p. ots.
For account
98
..........
1899.
1,438,000
355,000
1,065,000
1900.
1,815,000
Tut?.
Wed.
Tkurt.
25ifl
93 78
25 ij
25»8
936a
9313, fl
931B 16
2511,6
941,6
943 16
& Santa Fe..
Atoh. Top.
7878
100
102%
96
115ia
46%
Chesapeake «6 Ohio
Chloa. Great Western..
24i8
Ohio. Mil. & St. Paul... 16414
Bio Or., com.... 44H
Den.
Do
do Preferred. 9514
&
40 14
73i4
1st preferred.........
&
Louisville
56ia
I40ia
107ia
Nashville..
231s
14
& Tex., com..
Mo. Kan.
2514
51ia
W. Y. Cent'l & Hudson.. 167
N. Y. Ontario & West'n 34
56i«
Norfolk & Western
Do
pref.
94
Pacific, pref..
102
do
Northern
*Phila. ARead
•Phila. & Read.,lst pref
•Phila.
Read. . 2d pref.
&
Union Paclflo
D.
Corp., com..
pref..
do
Do
Wabash
Do
Do
preferred
Deb. "B"
* Price
101H
103%
IOII9
9t.3s
97»8
11518
98
II6I3
47 H
115ia
47 H
24ia
16414
4414
95 ^
40
72%
56ia
141
107ia
23>a
1414
25i«
52
16713
34 14
56ia
94
102
40%
40%
1023s
8. Steel
78%
101
103 14
75ia
2414
5976
33
94
6%
78ia
751*
24ie
2914
Bouth'n Railway, com.
6
6
29i«
593s
343s
94
101 la
47
24
164
44
Fri.
259,6
941,6
943,6
80
103%
6%
6
8038
102
102
105%
97%
116%
2478
4768
2468
166%
167%
79%
104%
97
116%
47%
24%
44%
44%
44%
95 78
96
4068
96
41
73
56
141
10778
23
14
57ia
73%
57%
52
169
102
75 14
2413
40%
29*4
593s
32%
933a
101 8
90
4178
90
90ifl
421s
93i«
22%
416a
9314
23ia
42ia
44
43
67
67 14
66
9314
22%
41%
733s
58%
141
142
141%
109
108%
1083a
26
25
14
14%
25%
26
14%
25%
52%
23%
61%
52
33ia
66I4
&33a
170%
34%
171
5678
57
34%
H3%
102
169%
34%
57
93%
102
93%
102
75%
75%
245s
2478
406e
75%
24%
40%
30
6078
30
6078
40%
29%
60%
34%
95%
34%
9578
103%
104%
90 34
4278
90%
94%
23
43%
66%
4278
94
23
42 5g
b6%
33%
94 78
104%
90
48%
94%
223e
42%
66%
o*r share
Imports and Exports por the Week.— The following are
the imports at New York for the week ending for dry goods
Dec. 12 and for the week ending for general merchandise
Dec. 18; also totals since beginning first week January,
FOREIGN IMPOSTS.
for week.
1901.
Dry Ooods
$2,2 16.680
1900.
1899.
1898.
9,466,101
$2,000,722
7,567,491
$2,098,193
8.275,500
$1,952,845
8,490,948
811,682,781
$9,568,213
$10,373,693
$10,443,794
S102.827.015 $109,161,540
Gen'l mer'dlse 432,435,575 401,532,922
$99,175,156
395,688,034
$88,077,585
322.812,694
Gen'l mer'dlse
Total
Since Jan.
Dry Ooods
$2,020,440 $51,149,747
7,400 47.518,904
2,464,000 28,583.455
Total 1899
SineeJan.l.
$244,196
9
1,178,858
18,416
1,803,399
456,107
959,163
90.566
$20,806
28,717
46.992
$4,732,288
10,597.312
14.084,991
2,076
314
Imports.
Week.
Trance
Germany....
.......
SineeJan.l.
$644,140 $45,524,656
697,495
920
8,140
712
250,651
21,250
South Amerloa
other oountrles.
24,431
3,091
Total 1900......
Total 1899
$645,772 $46,524,714
9^2.280 50,946,719
7S1.0O5 44.374.289
Ill
Week.
9
3,609
7,783
1,212
$12,604
58,401
162.358
SineeJan.l.
$25,283
4,720
223
287,805
2,563,721
596,725
38,461
$3,516,438
4,509,681
3,899,231
Of the above imports for the week in 1901. $9,278 were
American gold coin and $3,692 American silver coin. Of
the exports during the same time $1,510,600 were American
gold coin.
.New York City Clearing House Banks.—Statement of
oondition for the week ending Dec. 14, based on average of
daily results.
We omit two ciphers (00) in all cases.
BANKS
Capital, Surplus.
Loans.
Specie
Ltgals.
Deposits
167
95ia
3'J%
723e
25ia
$1,764,851
33,100,370
13,277,221
804,422
53,868
1,034,515
1,114,500
Week.
Exports.
Fr'ch rentes (In Paris) fr. 101*40 XOG-57& CO 521a 100-4& 100 46 100-35
75i«
75i4
7478
75 18
75 14
74%
614
1,000,000
SineeJan.l.
Silver.
Mon.
93%
South America
Ill other oountrles.
of wheat, flour and
markets— Per Cable.
93%
1,009,840
10,600
Od
The daily closing quotations for securities, etc., at Londot
are reported by cable as follows for the week ending Dec. 20.
Iic-r.OCS.
i
France
9d
27s.
27s.
Imports.
Kxporlt.
Gold.
8,939,479
8cL
3d.
$12,400,884 $10,151,821
433,502,784 446,305,647
Note.— As the flirures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount "previously reported."
The following table shows the exports and imports of
ipeoie at the port of New York for the week ending Dec. 14
*nd since Jan. 1, 1901, and for the corresponding periods in
4,932,5>f0
285,000
740,000
485,000
Kngllskt Financial
25s.
26s.
1898.
50 weeks $489,548,199 $517,754,487 $445,963,668 $455,457,468
Supplies available for consumption (exclusive of stooks on
September
1899.
1
Total 50weohs 1535,262,590 $510,694.462 8494,863,190 $410,397,029
9
9
9
„ »
2,000,0 2,166,2 19,533,0 3.094,0
2,060,0 2,106,4 23.401,0 5,474,0
Merchants'
2,000,0 1,138,7 12,634,9 2,105,8
ileohanioa'
2,000,0 2,317,2 12,836,0 2.153,0
Amerloa
1,500,0 8,177,6 19,089,6 3.317.H
Phenlx
1,000,0
257,8
4,701,0
824,0
City
10,000,0 6,630,3 114,282,3 26,020,2
Uhemical
300,0 7,000,4 23.953,3 4,014,4
Merchants' Ex..
600,0
268,8
6,107,2
821,7
aallatln
1,000,0 1,964,7
8.979,2
933,3
Batch.* Drov's'
300,0
1,264,6
352,8
73,1
Mech.«fe Traders'
400,0
130,4
2,750,0
438,0
9-reenwioh
876,1
200,0
176,8
113.5
Leather M'f'rs
600,0
4,100,9
615,8
785,0
SeTenth Nation'l 1,700,0
6,145,2 1,049,0
State olN. Y.... 1,200,0
4,401,9
762.3
640,4
Amerloan Exch 6,000,0 8,411,2 27,890,0 4.152,0
Commerce
72,474,7
10,000,0 7,084,6
8,340,0
Broadway
8,972,3
878.5
1,000,0 1,687,3
Mercantile
1,000,0 1,361,8 14,031,6 2,226.9
Paolno
2,610,7
422,7
619,6
467.2
Chatham
6,742.2
674.3
450,0
977,9
2,034,1
People's
200,0
363,6
156,6
North America
1,000,0 1.025,8 11,846,8 1,030,9
Hanover
3.000,0 6,665,2 46,345.3 8,535,2
4,107,0
Crrtng
500,0
734,0
476,3
5,070,1
Citizens'
600,0
382,6
1,005,8
2,680.2
289,4
283,0
Nassau
600,0
6,181,7
Market A Fulton
900,0 1,012,2
872.3
3.878,6
226,0
<ft
Leather.
826,4
Shoe
1,000,0
Corn Exchange.. 1,400,0 1,862,0 23.40^,0 4.674,0
2.126,0
Oriental
300,0
415,4
174.3
Lmp't'rs'A Trad 1,500,0 8,104,4 23,929,0 4.785,0
Park
2,000,0 3,968,7 48,096.0 18,tJ96,0
1,239.*
East River
250,0
160,9
256,6
Fourth
3,000,0 2,663,2 21,613,7 3,729,0
Central
686,2 11,200,0 1,921,0
1,000,0
9,321,0 1,531,0
second
300,0
996,0
654.9
Ninth
71,8
29,1
760,0
First
10,000,0 11,407,9 78.748,8 15,058.9
4,262,1'
640,0
N.Y.Nat'lExch
600,0
336,0
3,173,0
769,9
475,0
Bowery
250,0
3,909,6
604,2
730,4
N. T. County....
200,0
3,317,8
416,8
aerman Amerl
750$
507,7
Chase..
1,000,0 2,667,3 41,721,6 11,132,4
8,849,2 2,143.8
fifth Avenue.,
100,0 1,424,1
5S6.7
2,253,7
bterman Exch..
212,9
200,0
3,004,9
Sermanla
836,3
409,8
200,0
13,290.6
iJnooln
1,807.0
300,0 1,014,8
7,374,1 1,426,9
>arfleld
1,000,0 1.168,1
2,218,7
Fifth
371,7
395,4
200,0
7,300.4 1,499,4
Bank of Metrop.
300,0 1,163.7
2,711,0
West Side...
461,0
359,0
200,0
seaboard
600,0 1,016,8 12,0-2,0 1,448,0
Western
2,100,0 2,378,2 36,370,2 8,368,8
ist Nat., B'klyn
4,176,0
520,4
518,0
300,0
6,501,4 1.095,3
Uberty
759,0
600,0
4,238.2
420,8
665,8
». T. Prod. Ex.. 1,000,0
Mew Amsterdam
7,088,6 1,397,0
260,0
603,3
4,162,0
istor
886,0
416,5
360,0
2,616,8
456.6
Side
Leather
369,1
600,0
Bank
of N. v..
Manhattan Co
£
Total
S
Reserve
P.O.
1,696,0 19.451,0 241
2,043.0 27,812,0 270
1,286.2 14,475,7 23-4
1,155,0 13,221,0 250
3,634.5 21,705,1 269
292,0
4,506.0 34-7
6,324,8 128,700,7 25-5
2,684.1 23.459,1 28-1
6.468,9 28-2
616,5
918,9
7,173,6 25-8
79.4
1,668,9 27-5
351,0
3,394,0 232
806,0 313
139,3
173,4
3,818,0 250
163.8
4,763,3 25-4
368,8
4,257,2 285
1,421,0 2l,25W,0 28-2
62,187,1
6,137,8
332
316,7
6,755,5 17-2
1,689,8 14,928.6 28-2
44^,5
3,482,9 261
934,4
6,831,6 27-5
3,018,6 318
804,1
1,197,8 11,828,8 19-8
5,641,3 61,711,3 274
448,'.
4,332,0 272
5,832.2 22-8
327,6
380.4
3,058,3 21-6
824,7
6,652,9 25-8
299.6
4,418,9 254
2,298,0 28,134,0 24-7
2.096,0 25-3
356,3
1,108,0 22,356,0 26-3
3,867.0 61,272,u 28-6
219,6
1,533,3 31-0
2,304,7 22,640,3 26-7
1.508,0 13,833,0 24'8
1,140,0 10,309,0 259
247,2 279
39,7
2.137,4 68.758,4 250
417,4
4,019,0 28-3
298.0
3,493,0 221
385,1
4,385,6 24-8
283.7
3.218,8 2S-8
1,825,0 50,471,3 25-6
364,3
9,868,0 26-4
871,2
8,476,0 31-1
442,1
4,614,2 188
1,855.8 15.441,0 23-7
360,2
7,443,8 24-0
211,3
2,848,9 25-0
437,5
8,292,9 233
370.0
2,858,0 25-5
1,725,0 13,863,0 22-9
2,605,2 42,714,4 25-6
519,0
4.246,0 24'4
426.0
6,247,9 24-3
4,103,0 244
339.2
8,706,1 28-4
1,168,7
4,180,0 24-4
338,0
1,818.0 28-8
117,2
83,822,7 99,190,8 870,373,9 1644588 71,785,8 923,158,3
36-ff
'EMBER
1
J)
1.
THK CHRON1CLK
31, 1901. J
KeportB of Non Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Dec. 14, based on averages of the daily result.
We omit two ciphers (00 ) in all cases
BANKS.
Capital.
.ion
Leg. T. Deposit
Net
Sur- Loans Sc'
plus Invest- Specie, AB'k. Clear-'g oilier Deposit,
Note: Agent. Hks..kc
ments.
it
Niw yobs
City.
Borough of
Manhattan,
Colonial
Columbia
Heventh Ward.
Fourteen tli Street.
aansevoort
Hamilton
Mount Morris
Mutual
Nineteenth Ward..
Plaaa
Klremlde
State
Twelfth Ward
Twenty-third W'd.
Union square
Torkrtlle
Washington
Fidelity
Vartok
Jefferson
Century
Waah'trtonHelfrhta
United National...
Boro'h of Brooklyn,
*
100,0
6?,6
140.9 1907.1
300,0 217,0 2405,0 199,0
67,9
100,0 126,6 1368.)
63.2
100,0
82.3 1S08.8
16.5
200,0
20,0 1320,6
200,0 100,0 1702.0 106,6
136.1
2232,8
260,0
89,0
39,2
200,0 163,7 1500.7
23.2
200.U 147,8 1632.5
100,0 222,6 2380.0 124,0
18,4
1068,6
100,0 120,6
100.0 283,8 4028,0 3f>80
33,6
200,0
42,7 1361,0
41,3
100,0
76,4 1047,3
2064,6
46,3
36H.1
200,0
40,7
100.0 223,3 1518,7
11.0
691.9
100,0
80.8
446,6
13,3
96,1
200,0
696,2
5.0
100,0
69,1
863.1
12,6
64,1
200,0
209,7
7,8
62,2
100,0
6.6
806,7
100,0 100,0
1092,0
69,2
1000,0 200,0
Bedford
160,0
100,0
300,0
100,0
100,0
160,0
262,0
600,0
100,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
Broadway
Brooklyn
Eighth Ward
Arenne
Fifth
Kings County
Manufaot'rs' Nat'l.
Mechanics
Meoh's" A Traders'
Merchants'
Nassau National..
National City
North Side
Peoples
Serenteenth Ward
Sprague National.
Twenty -sixth W'd.
Union
Wallabout
Borough of
Richmond.
Bank
126,1
180,3
167,4
34,8
73,9
61,0
437.3
360,6
186,8
23,8
625,6
573,5
144,7
123,9
78,2
243,3
54,2
60,6
65,9
1234,8
18.7
1662,1
22,2
1049.4
65.1
391,6
18,1
673.2
84,4
82,6
691.6
2626.6 338,5
3849,7 179,6
9976 18,8
7,7
696,6
3870.0 178,0
2907,0 138,0
981,7
10,3
43,6
927.2
645,6
9,6
1144,0
93.6
11.7
665,3
634.3
30.9
8.12,9
31,0
lstNat.,Staten Isl
26,0
100,0
572.3
693,8
24.6
38,8
Other Cities.
1st Nat., Jer. City.
Hnd. Co. Nat., J.O.
2d Nat., Jer. City..
8dNat„ Jer. City..
1st Nat., Hoboken.
3d Nat., Hoboken.
400,0 907,7 4857,7
260,0 600,1 2233,5
260,0 303,1 1117.5
200,0 242,6 1035,4
110,0 469,2 2281,8
987.1
125,0 113,3
241,0
84,2
of Staten Isl
66,5
80,8
S
$
t
Koc. 30, 1901.
74,7
40.2
120,5
33,6
78.1
142 2
82,0
24,6
81,8
23,6
196,7
160,7
71.4
47,7
292,0
284,0
49,6
40.2
42,1
17,0
24,7
61,9
27,1
8,0
66,7
'8.6
6,0
62,4
110,3
103,0
487,0
4M
1*6,0
6,9
0,4
5.8
101,8
152,9
160,4
36,0
68,8
65,8
568,9
281.9
77.4
83.8
388.0
379.0
47.0
34.7
69,0
207,2
69,0
69.8
29,4
100,6
6,2
12.6
21,0
36,9
2100.0
2710.0
2741,1
1448,2
1321 4
1748,1
2751,4
1780,i
1983,8
263 1,0
1109,8
4HW3.0
1740,0
1161 1
2743,5
1833,4
707,8
430,9
776,4
923,6
110,8
164 7
470,9
1810.9
1797,6
1036,2
872,4
824.8
722.8
3311 6
io.'o
4237
65,4
993,4
892,7
4099,0
3245,0
897.4
948.7
35,0
73,0
54.3
52,7
12.1
28.0
32
80,1
85,6
7960
99,1
129.6
12,0
680.8
697,6
264.4 1193,8
70,6 181.4
9,6 299,9
66.7 300,7
35.9 118.8
62,2
39,0
259.7
97,9
6741.6
29.7
20,0
23,1
20,3
4,6
1931.8
1085.7
1168.2
1998 8
887,4
Totals Dec. 14.. U062.0 9406 1 73147,7 3410.0 4647,4 9778,7 1889,9 79884.3
Totals Dee.
7.. 9062,0 9406.1 73268,8 3419,8 4680.4 10276 9 2046,6 405H4 5
Totals Not. SO.. C082.0 9406,1 72616,8 3447,2 4365.0 8461,0 1777,8 77663,7
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 me nonmember banks.
BANKS.
I
Capita! <t
Surplus.
Loans.
Legal:
Specie.
Y.»
$
$
t
Nor. 23.. 182,d73,l 889,083.0 1771755
"
Dec.
-
876,169.2 1761885
182,873.1 881.652.0 1696807
182,813,5 870,373,9 1614688
80.. 182,673,1
7..
14..
Bos.*
Not. 30..
Deo.
"
7..
14..
Phlla.*
Not. 30..
Deo.
"
7..
14..
70,550,8
72,395.2
71,818.5
71,785,8
57,632,9 193,029.0 15,211,0
67.632.9 187.783.014.853.0
57,632,9 189,773,0 15,242,0
38,715,3 178,341.0
38,715,3 179,213,0
88,715,3 178,666,0
Deposits.*
OircTn. Clearings
9~
I
1*.
$
932.957.6
940,868.
938.V68.1
923,158,3
>i
31,972,4
31.975.0
31.988.4
31,879.0
t
14920454
13328438
15108987
16629498
8.415.0 220,833.0
8,465.0 220.391,0
8,491,0 219,215.0
6.549.0 109,722,8
5,384.0 139,037.0
6,361,0 143,165.2
210,160,0
207,968,0
203,272,0
9,748,0 93,124.6
9,823,0 117,467 2
9,811,0 110,648,7
64,903,0
53,109,0
49.414,0
4
ots., funded 1907
p, ois., 1895, due 1925
per
3 p. ot8.,'98,due 1908-18
2 per ots.. funded 1891
2 p. ota., 1900 due 1930.
365s Diet. Col., 1924...
for
1901.
Bank
Bonds
Circulation Afloat
t
'
utters.
9
if
Total.
tenders.
Oot
31..
Sept
30..
Any.
July
31..
June
30..
May
31..
Apr.
30..
31. 7i:;. no
29,985.1*1
29,012, *o
29,113,530
29,851,503
28,044,378
28,708,834
33,508,525 326,212,186
329,833 9 10 |31,713,069 328,198,614
330,721,930 29,985, 1*1 328,845,067
330,279,930 29,012,804 328,406,351
329,3
29,113,530 327,03!), :st:;
326,219,230
11,503 323, *90,G3-i
325,928,380 28,044,373 323,538,217
823,988,880 :28,703,831 321,975,988
full explanation of the
page
1232, first
80,787,300
965,000
10,532,880
12,500
401,087,700
314,880,100
905,000
$110,051,650
Amount bank notes
$328.107,480 $438,759,180
$359,911,683
$4,237,035
4,428,007
190,972
afloat Deo. 1, 1901..
$359,720,711
Legal Tender Notes—
Amount of deposit to redeem national bank
notes November 1, 1901
Amount deposited during November
Amt.
of
$31,713,069
1
$3,152,560
1,357,104
bank notes redeemed In November.
Amount
The portion of
1,
1,795,456
redeem national
of deposit to
bank notes Deo.
1901
$33,508,525
by banks becomby oanks going into voluntary liquidation,
and (3) by banks reducing or retiring their circulation,
was as follows on the first of each of the last five months.
ing insolvent,
Legal Tend's.
legal tenders deposited (1)
(2)
Aug.
Deposits by—
Insolv'utbss.
Mquld'g bks.
Sept. 1.
1.
$
922,682
7,475,506
9
755,462
7,589,483
Nov.
Oct. I.
Dec.
1.
$
837,172
1.
$
766,744
8,747,948
761,245
8,389,44c 8,895,826
Sed'c'gund.*
act of 1874. 20,768,585 20,614,616 20,758,866 22,055,998 23,993,833
29,113.530 29,012,801 29,985,481 31,713,069 33,508.525
Total
*Aotof June 20, 1874, and July 12. 1882.
Auction Sales.— By Messrs. Adrian H. Muller
& Son
Stocks .
35 Jack. Lans. & Sag. RR.. 95
50 Lawyers' Mtse. Ins. Co.. 227*9
40 Jefferson Bank
151*a
7 Corn Exchange Bank. ..450
4 National Citv Bank
601*4.
105 Jos. Ladue Gold Mining
Slocks.
50 Westchester Fire Ins.Oo.365
35 Trust Co of America. ..275 14
60 National Citizens' Bank. 210
5 Manhattan Co. Bank
325*8
9 North RUer Ids lo
155
vi
20 erohants' Trust Co ...355
15 Hackensaok Trust Co.. .170*3
&. Develop. Co..$l 50 per sh.
10 Irving National Bank... 208
25 Nat. Bank of Commerce. 362 ^a
43 Lawyers' Tit. Ins. Co. 335-340
29 Morion Trust Co
1198
Bonds.
106 No. Amer'n Trust Co. 270-275 $1,000 Tidewater Pipe Co.,
10 *mer. Exck Nat. Bank.. 289*4
"Llm," Certlf. of Loan,
30 Leather Mfra. Nat. Bk...266i4
"Series A."
$9,900
10 Home Insurance Co. ... 306^4 $1,500 Chicago Ry.Ter. Elev.
20 Mechanics' Nut. Bank... 295 »«
Co. 1st 6s, 1943
59*s
lOHamllt n Bank, N. Y...169
$1,000 8ussex KR. Co. 1st 7a,
189 Royal Specialty Co
1903. A.&O. Endorse 1 ..104
1
2 Mar. & Ful. Nat Bank. ..263
$200 Bangor & Portland Ky.
16 Colonial True t Co
124%
370
Co. 1st 6s, 1930. J.<bJ
By Messrs. Richard V. Harnett Co.:
&
Stocks.
165 Pittsb'g Shaw. & No. RR.
25 American Finanoe Co.,
I
common
67
Oo. 1st 5s
Ranking and
27
&
29
PINE STREET,
140
fftturojctal.
Trask
BANKERS,
Spencer
&
Co.,
NEW YORK
-
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
Members N. V Stock Exchange.
Branch Grace. 87 State
i
I
359,91 L.683
358,830,548
357,419,155
356,152.903
St.,
Albany
Alexander M. White
Moffat
359,720,711
&
Jb,
White,
BANKERS,
.Members
No.
1
New York
NASSAU STREET,
Stock Exchange,
-
-
-
NEW YORK.
INVESTMENT SECURITIES.
353,7-1'J.lsT
351.5S
350,684,822
Tracy
above table see Chronicle Dec.
item in Financial Situation.
The following shows the amount of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on November 30.
14, 1901,
2,«!.5,100
George Barclay Moffat.
9
33,50*
For
4,0'J
National Bank Notes— Total ajloat—
Amount afloat November l, i9oi
Amount issued during November
Amount retired during November
Under
Legal-
30.. 328,1(
:
9,753,950
6.&08.300
INVESTMENT SECURITIESBonds.
Nov.
31..
•681.400
12,2 ',0.600
l2,04:<,O50
curity for deposits 1121,943,650.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposit November 1
and December 1, and their increase or decrease during the
month of November.
Circulation.
Legal-
*275,400
6,019,500
12,500
Total.
Bonds and
Tenders on Deposit
Leijul
$400, ou
Redeemable at option of the United .States.
The foregoing does not include the bonds held in the New
York Sub-Treasury against deposits in banks. There were so
held on Nov. 80 $11,292,000 bonds, making the whole
amount at that date in possession of the Government as se-
the Item "doe to other backs."
Bank Notes— Changes in Total of, and in Deposited
Bonds, Etc— We give below tables which show all th e
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit.
Total tieta
Circulation.
*
We
•
omit two ciphers in all these figures.
* tnoludlne for Boston and Philadelphia
Btcur,
to
6.231. li o
5 p. ota., 1894. due 1904
1
611 I
1046,1
559,8
760,7
Bank
ht/mmtf
I'tibltc
xn Hanks.
I
179,7 207.1
111.0 302,0
71.0 1296,6
66,2 188,4
66.2 101,7
11.9,4
87,2
77.4 2 1H, 6
124.4 844,1
171.0 313,4
260.0
78.4
68.4
73.6
172,0 178.0
169,0 loo,:-!
99,7
50.8
247.8 408.7
146.2
90.4
44.3
88,2
24.4
88,6
84,8 131,6
82,1
137,6
24.2
23,8
42,6
9,8
65,6
48,6
Bonds Held Not. 80, 1901,
U. 8.
Bonds on Deimstt
1
(OOl omitted.)
1295
&
Co., Bankers,
No. 40 Wall Mtreei.
CHICAGO.
NEW YORK.
MILWAUKEE.
Connected by private wire.
Dealers
in
High Grade Bonds.
Listiof Current Investment Ofcrlngs sent on Application.
. h „, J New York Stock Exchange.
MAn
MemDers
Stock
I
Chicago
Exchange.
Comrulnalon Orders
Executed
in all
Markets.
THE CHRONICLE.
129(5
The Bank of France shows an increase
in gold and 3,325,000 francs in silver.
iautuers' (Simile.
IMVIIIIMIV.
Jfame of
Western
cfc
Capital
Jan
1
20
1
10 Jan
Qranite
do (extra)
Norfolk*; bouthern (quar.)
2
1
Jan
Northern RR.
1>9
Jan
Jan
Norwich*
of
New Hampshire (qn.)
2
Worcester, prof, (quar.)
Philadelphia* Erie, com
Frankford* Southwark Pass., Phila...
Menominee (Mich.) Elec. Lt, Ry. & P.
New
York
(qu.).
Northampton (Mass.) St. Ry
Reading (Pa.) Traction
West End St., Boston, pref
Banks.
Bank of America
Bank of New York, N. B. Assn
$4
2.">
2*-2
Oriental
People's
Twenty-sixth Ward, Brooklyn
West Side
l^j
2Hj
3
4
(qu.)..
6
4
3
3
Guarantee & Trust (quar.)
Trust Company of America
Title
3*2
8
25
(quar.)
United States
Washington
Miscellaneous.
Amalgamated Copper (quar.)
American Bank Note (quar. )
American Caramel, pref. (quar.)
American Cement
6
&
&
pf. (qu.)
Exploration Company
General Aristo, com. (quar.)
do
do
do (extra)
do
do
pref. (quar.)
General Chemical, pref. (quar.)
Hall Signal, com. (quar.)
New York Air Brake (quar.)
Old Dominion Steamship
Pittsburg Plate Glass, com. (quar.).
Procter* Gamble, com. (quar.)
do
do
pref. (qiiar.)
St. Joseph Stock Yards (quar. )
Company
Singer Manufacturing (quar.)
Standard Coupler, com
do
do
pref
Standard Gas Light, New York,
Temple Iron
Tomngton
pref...
Co., pref
pref. (quar.)
Trenton Potteries,
Wells, Fargo* Co
do
do
Jan
Deo
Jan
Jan
1
Jan
2
Jan
1*2 Jan
1 34 Jan
1»4 Jan
1*2 Jan
34 Jan
1
Jan
l s4 Jan
1 34 Jan
2>a Jan
I 1* Jan
$5 Jan
Jan
2
2% Jan
134 Jan
Ha Jan
1
Dec
2
Jan
3
Jan
l>a Deo
3 Feb
2
Jan
1>3 Dec
2ia Jan
1 34 Dec
1
Dec
4 Dec
3 Dec
3
Jan
3V2 Jan
Jan
2
3
do
(extra)
Chicle, com. (quar.)
pref. (quar.)
do
do
American Locomotive, pref. (quar.)
American Smelting
Rig., pref. (qu.).
American Telep.
Teleg. (quar.)
do
do
do
(extra)
Cincinnati Gas
Electric (quar. )
Colorado Fuel
Iron, com. (quar.)
Cumberland Telep.
Teleg. (quar.)...
&
Dec 21
to
Jan
1
to
to
1
Holders of
1
Dec 19
to
2
2
2
Dec 21
Deo 18
2
Dec 25
Dec 25
Dec 21
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Jan
(extra)
Westinghouse Elec. * Mfg., pf. (qu.)..
Westinghouse Mach. com. & pf, (qu.)..
•Transfer hooks not closed, t Payable
1 34
1»9
2
2
Dec 21
2
Dec 21
2
Dec 22
Dec 18
Dec 20
2
2
1
2
2
2
2
Deo
Dec
Deo
Dec
Dec
21
19
21
21
19
2 Dec 21
2 Dec 19
2
2
Dec 20
2
Dec 27
Dec 20
2
Dec 27
Dec
1
American
Elec. Storage Battery, com.
31
Not
Jan
Dec 22
Jan
Dec 5
Jan
Dec 27
Jan
Dec 27
Jan
Dec 24
Dec
Dec 21
Jan
Dec 24
Jan
2 Dec 21
Jan lo Jan 5
Jan
2 Dec 21
Jan
2 [Dec 24
$1
do
Securities
2><2
3
5
Mercantile (quar.)
do
(extra)
Real Estate
Standard
Dominion securities
Dec 15
Dec SO Dec 27
Jan
2 Dec 22
Dec 31 Dec 25
Jan
Dec 22
Jan
Dec 21
1*2
Manhattan
&
&
Deo 91
Jan 10
to
closed.
Dec
to
1
Not
Dec 25
Dec 27
Jan
Jan
Jan
Jan
Jan
5
Jan
3
Jan
5
4 Jan
6 Jan
4 Jan
Jan
3
Jan
3
3hi Jan
Jan
4
Jan
(5
7"2 Jan
Jan
1
Jan
6
5 Jan
3 Jan
6 Jan
4
(quar.)
&
Dec 3
Dec 21
rec.
Jan 16
Jan 1
Dec 26
Jan 1
Jan
Jan
Jan
27 Dec 28
30 Deo 15
Dec 12
Jan 5
Jan 5
Dec 25
Dec 26
Jan 4
Deo 25
Jan 1
Jan 1
Dec 16
Dec 25
Dec 19
15iDec 27
2 Dec 24
15 Jan
1
Jan
Jan
2
2
Jan 1
Jan 1
Jan
Jan
Jan
Jan
Jan
Jan
Dec 31
Jan 1
Jan 2
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
to
Jan
Jan
to
Jan
to
to
Jan
to
Jan
closed.
to
Jan 1
Jan 14
to
Jan 2
to
to
Jan 2
Jan 1
to
to
to
Jan i
to
Jan 1
to
Jan 9
Jan 1
to
to
Jan 2
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Jan
Jan
Jan
Jan
Jan
12
1
1
15
16
2
2
20
14
15
15
22
15
1
15
2
15
1
1
1
Dec 22
to
Jan 2
24 Holders of rec. Dec 20
15 Jan 3
to
Jan 15
2 Dec 21
to
Jan 2
31Dec 21
Jan 1
to
2
151
15. Tan 1
to
Jan 15
31tDec 25
to
15 Dec 29
to
Jan 10
31 Dec 21
to
Dec 30
31 Dee 22
to
Jan 14
31 Dec 22
to
Jan 14
3l|Dec 22
to
Jan 1
1 Holders of rec.Dec31t
1 Dec 17
to
Dec 31
10
16 Jan 1
Jan 15
to
16 Jan 1
to
Jan 15
2 Dec 22
to
Jan 2
10 Jan 2
to
Jan 10
to holders of certificates of beneficial
Interest.
WALL STREET. FRIDAY, DEC. 20. 1901.-3 P. M.
The Money Market and Financial Sitnation.- The volume
of business at the Stock Exchange has been smaller than of
late and, if the abnormally large transactions in Amalgamated Copper are eliminated, is the smallest since the midsummer holiday period ending August 24th.
The tone, however, has improved, a condition due in part
to an easier money market and further to the fact that the
disturbing influence of Amalgamated Copper seems to have
been waning since it reached a crisis last week. Moreover,
exports of gold have ceased, at least for the time being, and
it is expected that January disbursements of interest and
dividends will soon add further and perhaps substantial
relief to the
TORK CITY CLKARrWO-HOUBE BANKS.
1901
Differences
Dec. 14
previous week
9
$
from
83.622,700
99,190.800
870,373,900
31.879.000
923,158,300
164,458,800
71,785,800
Legal reserve.
Surplus reserve
5,455.025
of separate
1900
1888
Dec. 15
Dec. 16
t
74,222,700
90,256,200
792,760,000
30.724.ooo
167,655,300
69,337,100
59,422,700
90,980,200
678,409,000
16,065,300
739,540,300
141,230.600
50,680,300
5,102.600
3,949,950
216.992,400
210,667.026
191,910,900
184,885,075
Deo 1,152.650
6.325.375
".'25,825
Deo 11,178,100
107,400
Dec
Dec 15.799,800
Deo 5,071,900
30,700
Deo
236.244,600 Deo
230,789,675 Deo
Reserve held..
Jan
Dec
Jan
Jan
76c. Jan
Jan
4
Trust Companies.
Atlantic (quar.)
Brooklyn, Brooklyn (quar.)
Continental (quar.)
Flatbush, Brooklyn
Franklin, Brooklyn (quar.)
Bklyn
rec.
rec.
NOT!.— Returns
20
Irving National
Leather Manufacturers' National
Mechanics' National
Mercantile National
Merchants' Exchange National
Merchants' National
National Bank of Commerce
National Broadway
National Park
National Shoe & Leather (quar.)
Union
1
*
Loans * discounts
Circulation
Net deposits
Specie
Legal tenders...
of 8,175,000 francs
842,6r,S,100
banks appear on page 12'.
—
Foreign Exchange. The foreign exchange market has
been generally firm and rates are fractionally higher.
To-day's actual rates of exchange were as follows: Bankers'
demand, 4 86%@4 86^;
sixty days' sterling, 4 83?£@4 83%
cables, 4 87J4'@4 87%; prime commercial, sixty days, 4 83(a)
4 833i; documentary commercial, sixty days, 4 82%@4 83%;
grain for pavment, 4 83 4@4 83%; cotton for payment,
4 &2%@4 82%;' cotton for acceptance, 4 83@4 83^.
Posted rates of leading bankers follow:
;
Hanover
Tr.,
Holders of
Holders of
1
1 34
8
5
4
Hamilton
Guaranty
1
1
4
Central National
Fifth Avenue (quar.)
(extra)
do
do
Long Island Loan &
2 Holders of rec.
Jan
Rutland, pref
Street Railways.
Metropolitan St. Ry.,
1
Jan
Jan
Jan
Jan
1>4
8
Delaware
Surplus
1
l^ Jan
Iniliaiia (quar.)
pf. (qu.)
& St. Louis,
Cleve. Ctnn. Chlo.
ICBW
Books Closed.
(Days Inclusive.)
Cent Payable
Kiillroml* (Mteam).
Belt Ry., Chicago (quar.)
Chicago
When
Per
Company.
[Vol. LXXIII.
money market.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2% to 10 per cent. To-day's rates on call were 5% to 10
percent. Prime commercial paper quoted at 5;cfi5% per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £788,790, and the percentage of reserve to liabilities was 45-07, against 48-69 last
week; the discount rate remains unchanged at 4 per cent.
l
Sixty
December 20
Days
Demand.
Prime bankers' sterling bills on London.
4 84
Prime commercial
4 83
®4 83»4
Documentary commercial
4 82H ®4 83V>
Paris bankers' (Francs)
5 19^ ®5 18 34*
39i 5 ie® 40
(guilders) bankers
Frankfort or Bremen (relchm' ks) bankers 94 1B ia'8 95
-»4
874
5 16 78 -
«5
16 78
403,,* 40
95 7 i g <t ^54
Amsterdam
«
4 87
Less hs.
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 1-16 discount, selling 1-16 premium New Orleans,
bank, par; commercial, $1 25 premium; Chicago. 20c. premium; St. Louis, par; San Francisco, 7%c. per §100 premium,
United States Bonds. Sales of Government bonds at the
Board include $18,500 3s, coup., at 108% to 1087a; $1,000 2s,
coup., at 109% and $1,000 2s, reg., at 105%. The following
are the daily closing quotations
for ytarly range see third
paa? follmr ng.
;
—
;
registered
2s, 1930
coupon
2s, 1930
2s, 1930 .smaJ. registered
1930
,small
coupon
2s,
3s, 1918
registered
coupon
3s, 1918
3s, 1918, small. registered
coupon
3s, 1918, small
registered
4s, 1907
4s, 1907
coupon
registered
4s, 1925
4s, 1925
coupon
5s, 1904
registered
6s. 1904
oont on
•This
is
Interest
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Periods
14
16
17
18
19
20
Q —Jan *108>9
Q—Jan 109
Q— Feb
Q— Feb
IQ— Feb
Q— Feb
Q—Jan
Q—Jan
Q— Feb
Q— Feb
Q— Feb
108'4 »108«s *108 34 -108-4 *10834
1094 '109H *109>» *109i* *109i4
* 10838 *ib*8»g
*1083s
108s«
aosag *108»g •1083s *108»8
108»4 •108
•108 Hi' 108»a
V
doe" *i"08" •108" *i"08"
*111«8 in-* •111^ •lll^ *lll e8
*112«g '112<% *11234 *11234 '112«8
•139** 1393s •1393s •1393b •189«b
*1393b 1393s •1393s •1393s *1393g
»107i4 1071, *1073s •107", •107 *»
Q —Feb *107i4 *107»« i07»4 •107^ *107>q •108
the price bid at the morning board; no sale was made.
•108
•108
*111«8
*112«8
*1393g
*1393a
*107>4
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
itself.
It will be found to-day on page 1303.
Railroad and Miscellaneous Stocks.— The market for railway shares has been dull but the tone somewhat stronger,
and a substantial recovery from the late depression has
taken Dlace in a few important cases. The latter inelude
Central, Central of New Jersey. Lackawanna,
Island, St. Paul, Minneapolis St. Paul
Sault Ke.
Marie, Rock Island, Union Pacific and the Si Louis
San
Francisco issues, some of which were only moderately act-
New York
&
Long
-
.
&
ive.
The "Soo Line" shares and Twin City Rapid Transit
advanced rather sharply on the excellent earnings reported
and the coal stocks were strong on trade conditioos.
Aside from the above specific cases interest on the floor of
the Exchange centered largely in Amalgamated Copper, in
which the transactions were on an enormous scale.
Outside Market. The outside market has been dull and
the bulk of the trading has been confined to a limited number of securities. Among the few stocks with wide fluctuations Standard Oil has been the most prominent, dropping
from 698 to 650 and coming back to 663%. Hackensack
Meadows stock advanced from 42% to 47, the price to-day.
Northern Securities stock, which dropped last week to
100%, got back to 102}4. On report of a plan to change the
capital of the New York Electric Vehicle Transportation
Co. from $20,000,000, $20 paid, to $5,000,000, full paid, that
stock ran up to 13*4 and closes at 12@12Jg. American
Can
stocks
were among
active
the
issues and
close
at
15^ for common and 56 for preferred,
as against 16^ and 59% last week. Pocahontas Coal
subscriptions rose from 22% to 124, the latter price to-day,
and Dominion Securities reached 87 this afternoon. This
—
1
company has declared
dividend. 2% per cent, payfirst half -Tear's earnings.
Among the copper stocks British Columbia fell off from
10% to S%. Union went to 3/£ and came back to 4%. Tennessee, which closed at 10% last week, dropped to 9,% Saturday, got as high as 12% on Tuesday and fell away again
the same day to lOJ^". It closes at the latter figure. North
Platte Mining moved up to 14% from llj^. Outside quotations will be found on page 1303.
able Jan.
15.
1902,
its first
out of the
New York
Exchange— Stock
Stock
«m
KB—JUG It SB T
8TOi
i
fytltlirtlQ V
,'t
14
tin
it
Ihc.
„
u u
J
_.
.
lit
.Ml
n
(I (/
y
ttt itfsiitt
a
1
it
Record, Daily, Weekly and Yearly
two H
i\t;
i'\
i
BALM PJ
a -\J> LOWJtST
Die, 17
lti
(
STOCKS
|
in
01.
1
On
NEW roBK M
.
Oasis ul
1IMJ-.
•
(i 1/
Vm
Dm. is
(
.
1.
.
lli.jhttt
ICillll ihi.Ik.
•80
33
04%
7«%
04'
76*8
.j
U4%
4
77%
-
lol
100>a L.01%
94%
1
I
I
%
1
2
1
126
»140% 140
'4
1
M,
1
2
%
•170
•175
46 %
33 Hi
184
.
33
77%
.134%
135
128
.
a
9
13
1'.,
;
1
45% 46%
46%
33>-_
34
77^ 77%
77
35
.
113%
BuUalo Booh.
125
mo
113V
(anadlan
/
86%
86
185
Deo
L84
'entral
1
Pacific
44%
N
<>i
29
27
188
188
75
1
188
85
1
74% 74%
74%
74
101^
L87
'
161%
161% 103
1S7',
L
188% 199% 199% 201
*20l
206
-202
7
147%
147
138% Jan
01
Jan
120% J an
Jan
::
188
200
203
203
Chicago
*T5% 15% •15% 15%
29
97% 97% 87% 87 %
'118 122
»120 181
•30
45
*5
«3o
•70 100
•70 loll
13% 13 '4 13% 13%
SO
29
50% 50%
Si 25%
50%
% 26%
5 OK;
25
•2.")
170% 171%
172
247
42% 43
88
83
171
•24o
93
5J
50
•60
00
39
"50
...... ......
3
•57
•85
00
80
*85
.ft
1,225
.
00
90
38
72 %
78%
xll^-i.
77%
"20
18^
39%
93%
035„
49
50
61
00
39
*35
50
-
37
15% 15%
38% 38%
71 Vj
50
-57
*85
00
90
40
45
00
130
45
09
130
•05
•120
83 %
88%
104 Si
104 105
132% 133% 132
.150
158
*39
•30
41
•90 % 82% •90
83
88
105
135%
100
41
Hi
92
22% 22%
13% 13*4
22% 22%
13% 13%
......
165
108 *ioo" 108
J 108
120V, 120 "a 120 Si 120 Hj
32
31 Ha 32 ^
32
•85
87
87% 87%
25% 25 % 25% 25%
•50% 51
50% 60 J4
102 103% 102 103 %
• 145
.
57
83
00
90
.....
03% 03%
81% 81 34
70% 70%
33% 34
77% 78 s
20% 21
44
44
*14
15 a
B
10
40
138
37
71
.
45
"40
-
1
J
Do
ct
Des .Moines...
•LlDo
it
Western...
it
88
-85
86
..••• ......
....
•212*" 214
•210
214
1
92
{99% 99% *99% 99
731-2 73%
73% 73 Si
•100
•78
140%
•30
•80
•100
80
147% 140
*30
42
104
80
147 '4
42
85
104
83
86
•210
32% 33%
54% 55 Si
91% 91%
32% 33%
54% 55 4
•91
»7% 87%
87
*
5210
213
8
}91
65
91
210
210
4
-72
100
Si
-80
*73
"98
80
74
104
82
-73
"98
'79
147
40
75
103
80
146% 147% 140% 147%
"JO
4
...
"37
41
85
80
42
85
95
•80
«
•70
4738
79 %
- 66% 57%
40% 47%
79 4 79 %
56% 57%
1
212
33% 34
33% 33%
55 % 55 34
55% 55%
*91% 91% 492
92
1
107
79
4
47
48%
79%
57% 08%
33% 34
55% 50
91
St.
<jc
Louis.
79% 79%
50 34
57 S;
75
102
83
106
32,095
12,200
Do adjustment, pref
220
Northern Pacific liy
74
"98
*78
75
102
82
147% 147% 118 '4
40
40
41
80 85
85
95 *
95
74
110
Pittsb.
80
79
pref
pacific Coast Co
lstpref
Do 2d pref
Pennsylvania
Peoria it Eastern
Pare Marquette
Do
58% 59%
Do
12
chic.
pref
2d
Dec
<4
47% Mai
20% Mar
Dec
191% Dec
34% Dec
.:
,
J
an
04% Jin
5
Deo
87
...... ....
...... ....
12*"
Jin
4
12
J'n.
J'Jv
p
Dec
21
Mar
10% »
1
j
.Ma. 21
74
12
3ep
Sep
15
Apr 12
April
,
9
1
% Apr
Dec
20
'
Nov
Dec
Deo
Dec
.Jin 191% Dec
Dec
Dec
42% Dec
74% Dec
Dec
27% Dee
a Mai
66
5% Sep
30% Jan
no
Jan
J'm
10
Jan
-
11% Jan
Max
Deo
5a
25
7
27
a
6
Apr
Apr
Dec
Dec
.i
Dec
May
May
'4
9 145
9 177
J a li 9 41
ran 15 93
Jan 21 30
Jan 21
8
May
97 Mar
47 Mar
§409 Nov
Deo
Feb
Apr
j
j Not
-Dec
Mai
."
a
J'n.2.
24% J an
K
Sep 18
Peb
May
Jan
2
,
L97%Apr
May
9
%Sep
:,.
1
120
g
95
420
Sep 28
1
7
Apr
1
000
21 1,700
21
Jan
.
1
400
Jan
Ma]
a Sep
Ma]
2
l(
May 9
14% Jan 22 Oo
94
33% Jan
Apr 22
Jan 2
J an 30
Jan 4
24% Jan 4
J'nel7
J'ue T
72
57
^s
vot'j? tr. otfs.. 139i30(j
tr. otfs..
L.70I
prel. vot'g tr. Otfs... 43.700
1st pref. vot,
.
Dec
45% Dec
Dec
9
Sep 21
J
20
'J
<t St. L.
J'n.
91
1
Jan 8
80
n.o
65
May
I
81
38
Jan
3
61%
i
.
In
49
-j
Not
09
% UCt
,
DeO
149% Deo
Is DeO
35
Sep
i
Sep
Jan
Dec
Dec
02
Deo
73% Deo
Jan
Jan
J'I.e
2
No v2 5
Jiy
Mai
Jan
8 Jan
i
Dee 2
89
"2110 03
62,790 137
Ma] 120
:
Feb
52
Ma]
J'n.
J'n.
100
:
77% Jan
81% Jan
J'ne
11
75
29
28
9
Dec
Dee
110 Dee
58% Dec
a
§134% Jan 16 L39
|206% Feb 27 217 J'in-2-,
Ma]
24 May 9
\ .j \ 2 5
42 Jan 10
82 Feb 15 92% Nov22
leading,
Iv
Apr
-
1
16
pret
Cm.
.Not
2
Sep
\ov25
01
08
95
30
",
30
30
lie
Jail
Jan 21 174% 2nd. 25
""350
r Do
48% 49%
48
Haihin
N. Y. Lack. <t Western...
N". Y. N. Haven <t liartf.
N. Y. Ontario it Western
Norfolk it Western
Do
%j'ne
1
Jan 4
Jan 31
{191% Jan
54,960
2,300
240
05o
2d pref
<t
14'.
.1
Missouri Pacific
Morris <& Essex
99%
12
22%Sep
9
Jari'21
Apr
Dee
.
-
j
Oct 12
3%
100 107% Mar 4 ISO Nov26 }104 Jan 115 J'n«
Dec
lie
71%
lll%Jiyl'.'
110 67% Jan 19
J'lie 104% Nov
400 101% Jan 7 124% Del 2.:
14 Sep 2 7 Apr
15 May 9 30% Noi 26
09 Apr
2,020 49 Apr 9 94%Nov25 47
17% Deo
20
2,175 15 Jan 21 35% Apr
47% Dee
Apr 19
May 9
1,875 37
,2% Dee
73,450 69 Jan 4 124%J'nel4
& S. S. Mane.
Kansas & Texas...
York
8
.
2,534
pref
Minn. S. P.
Do pref
92
99%
48%
78% 79%
58
58%
48
79
47 34
211
§211
41
9J510
Uo
New
..
i
.
Mexican Central
Mexican Nati tr. receipts
Michigan (..'entral
Do
89
..••••
98% 99% -99% 99% -99% 99%
•
46%
86
L
...... ......
32% 33%
54 3
87% 89
39
"1 .">
7
66
9
an
I
'.
(
i.62% 168% 162" 16*6% i04*"i"05 7 o io5%io"6% lib" i.66% 165% 166% \J Y. Central & Hudson.
48 '4 48%
47 b
48 Hi
47
48% 48% 48% 48% i> V. Chic, it St. Louis..
47
47
48%
Do lstpref
119 119 «117SiH9Si • 11 7% 119% 117 Hi 119% §120 120
8118 118
•85
59%
Louisville & Nashville...
\l anliattan Elevated... 13 1. 5
metropolitan street
10.950 L50
ilet. West Side El. (Chic.)
_
Do pref
Minneapolis
Mai
I
Mich. Soutli'n
Long Island
Mo.
ran
1
Dec
-\'.,V
Jan 2
14%
Dec
ijooo 39% J an 21 76%Nov25 20% Mar
115 Deo
L08%
"
"570 §230 April 5 355 Nov22 8197 Jan
2 10 Dee
11.150 07 Jan 3 90 Deo 18 47% Jan 89 May
-Deo
08'U5
111%
40.
70 May 9
prel
L. Sliore
1
46
.
24
prel
T ake Erie
7
55
103
,
prel
15% Keokuk
•40
"00
45
70
130
7
Nov
Nov25
42%Nov27
7h Nov27
18 Apr 29
69%Nov29
28% Apr 29
185 Hi Apr 3
249 Nov25
53% May
8
'.i
78% •V(j.i't..S.&M.,tr. ets. pfd
20% Kansas City So. vot. tr. ..
45
Do pref. vot. tr. ctfs.
45
70
125 130 •125
*125 180
4347% 352% 350 350
80% 90
87
89
80% 87
84% 86
Iu4'4l00' b 105% 100% 105% 106
105% 100%
135 l4 132% 136
132% 134% 133% 135
loo '4 101% 100% 10 1% 161 102%
15'J»4 101
"39
41
39 41
•39
-39
41
41
•90
92
*{)0
92
91 92% 91 93
22% 24% 24% 24% 24% 25
22 Si 22%
13% 14
14
14
13 Si 13%
14
14
•145
170
'145 170
150 156 ' 145 175
107% 107% Mlii % 107% •105% 108
•107 108
121% 121% 121% 121% ...... ......
'120 122
35
32
32% 33
35 '4
34% 34% 35
89
92
87
91
87
89% 91
91%
'25
25%
25%
•25
25 4
20
25% 25%
51% 51% 51
52
52
52%
50 Si 50 Si
10278 103 58 103%104 4 102% 104
103 104 %
06
07% 07%
Do
L02
5
.;
|7'auawha<fc Michigan..
Dec
.
Dl e
lpr20
Jan 18
21834 107% May 9 208 Marl5
05 Jan 2 07% Feb 14
11% Apr 22
7 %
Deo20
7,120 40% May 9
Deo 20
ran 21
3,739
154%J ne29
4,05 b 124 May
...in
;'m-2i
Jan 21
21
1,800 48 Jan 21 87%J'ly 1
21 Jan 8 41 J 1..K
1,429 77% Dee 10
Oon 13% Jan 4
Api 30
1,400 35 Jan 4
300
5% Jan 3 18% Oct 2
38
35
% J an
Ang
81
17
A
71%
,
.
......
1
D.
Jin
I
1
70
17,940
5,900
Terre Haute..
ll.U
Jan
1
a.
i
24% May
63% 00% ITocking Valley
81% 83% riDo pref
138 139% Illinois Central
•30
4
:
Apr
29
11
500
400
C.,.stmp.
ileal Northern, pref
Green B. A; W., deb. Ctf.
......
Do
deb. ctf. B
71%
34% 34% •33%
78
78
77%
20% 20% 20%
•44
•43% 45
15 15% •15
1
-43% 43 34
-14
-40
45
00 34 07
•120 130
37
71
.
<k
D.e
Deo
li.
Jan
Jan
3
Aprl
:
Do pref
Worths Den.
Ft.
184% 183% 184%
03%
81% 81%
138
Kvansv.
May
May
216
1
-1
1st prel
2d pref
Do
88
03
oa
TJDo
7i 4
60
J
2.30(1
^
71%
30
I
3,600
Jan 21
4,100 40 Jan 31
2,100 10% Jan
11,813 105 May 9
2,310 188% Jan 3
1,410 29% Jan 21
2,555 80 Jan 21 io3% J in
100 49 Novl2 71 J'ne27
......
69 J lv 29 o;i J'ly29
600 18- Jan 30 45 J' ne 5
800 14% Dec 11 17 Dec 5
1,000 30 Per 12
Dec 5
ct So., vot. trust
1st pt. vot. tar. ci's.
2(1 pf. vol. tr. Ctfs.
rvelaware & llmlsuii
Uelaw. Lack. <ft SVeat'n.
Do
Do
38%
Do prel'. vot. tr. ells.
*9% 10% Duluth So. Shore .t Atl..
18% 18%
Do pre!
39% 40%
11^.............A ...*....
57
-57
tali
•
L80
07
38
58
88
,Sep
.1
9 200
110%Jan
125 Mar
2
Colorado
J
Ma]
68% Jan 2;
Mar
L
Aug
I'''.
1
1
.Marl.".
ne'2 1
73 May 9 lol
10O 115% Jan 12 124
60
Do prel
38% Des Moinea .^ J''t. Dodge.
15% 15% Detroit South. vot. tr. ctfs
00
39
...... ......
137-% 139
*30
lire!
•50
15% 15%
38% 39
10
10
*9% lo%
18% 18% •17% 19
39% 39% 39% 40%
71% 71% 71% 72
55 34 50 J4
57
57%
62 Si 63%
81 Sa 81 Si
137 137 Si
•30
3a
•70Sl 72Si
•33
34
*77
77 34
•20
21
21
43%
16%
43% 43% 43
15% •14
15
65%
10 x4
......
... ......
38
70
35^ 35 >a
70 % 70%
34
34
•120
3SSi
•9»4
55 l4
•57
-&5
81^! 81%
137 137
137^137%
•40
38Si
18^4
38 34
70
62% 63%
*62% 63%
•80 % 81 %
Do
ihioago Term'l Transfer.
l)u nref
Cleve. Cm. Chic, .fc St. L.
Do prel
Cleve. Lorain & Wh(
Do prel
1
1-
2
Nov22 110
Mai '29 201 April 172 Feb
1,900 10%. Jan 19 31
Apr 10
,Oct
2,900 28% Dee 5 5, % Apr 15 26%
.....
1
94%
1
1
207
7,832
A pr
\.A
ivj;
D. e
Jan
,
Jan 2
\ov22 11
58% Jan 21 77% Sep 18
Hay 9 L88 May 6 los
400 175
North Western
it
,
lpr30
i..'p
Muvlo
Deo 9
75
41
23
20
242,350
St. l'aul.
240% 246% 246% 247
43% 43% 43% 43% Denver <fc Bio Grande
93% 93% 93% 94
Do prel
48 61 "48 50 Denver & Soutli western.
248
43
182%1S3% 182% 182% 182% 184 Si 184
»181%183
78
•
240
43
.;
0,0.r .ii
prel
Chic. Kock isi'dde Pacific
Chia St P. Miuu. & om.
1
16% 16>9 15%
38% 3&% 38% 38%
9% 10% -9% 10%
•lT-i 18% *17% 18%
39% 38% 39 %
70% 711s
7078 71%
54% 55%
54 % 55 4
•67
137
187
240 240
42 Si 42 Si
93 Si 93 Si
-49
51
•50
60
-35
40
15 Si 15 Si
240
43
93 %
50
00
43
•4'.'
•3.-,
161% 161 151% 151 152%
•135 138
"135 1 10
1 30
1 1
•186 190
198
'185
197
15% 15Hs 15 '4 15 Hi 10% L6% 1G% 16%
30
30 Si
31
2 9 '4 28%
31%
30% 81
97% 98
•90S; B7%
97% 97% 97%
•118 1-22
118 •120 122
•118 124
2 118
-30
•30
'30
45
-30
45
45
45
• 7 7 Si 100
* 77 Si 100
•77%100
•77% 100
13-'4
13
14
14
14% 14%
13 Hi 13 Si
Si
•55 Si 50Si
50
,"<0% 57 '4
60 Si
25 34
•26
26
25 34 "25
27%
25% 26%
172 Si 175% 173 174
171 172
175%
'130
'185
188
198
10
",
1.84% Chicago Mllw.
188
Do pre!
147% 148 % 149% 160% 150
«130
•180
130
198
Di d
......
Lio
•185
•180
.
'.1
4
4
2
8
4,000
1% 74%
162
L38
'4
9
Ma.
72% J an
20,450
300
:,
-73
May
1,200
115
1
»73% 75
168% 100%
4
« Jersey...
•193
-193
193
(Chicago Hurl. A: Qnlnoy.
•184
-134 135% Chicago A i..imlii ulinolfi
135
4135%
'
135
137
189
138
138
i>u pre!
2 3 Si 24 "a
23% 24% 24
24
24%
24% Ihloago Great Western..
':hi
•90
91
82
81
92
92
l»o 4 p. c. ili:b(iutiir<-.s
8*
87 '4
87
86
87%
87% 87% *.s7
Do 5 p. c. pref. "A"..
3
4
7
•47%
45'4 47 4
4
l)o 4 p. 0. liref. "is"..
48% 48%
17
47% 47% 48% 48
49
48% 48
L'liic. Imlmniip. As LooiBT.
44% 45%
40% 40%
ran
anada Boatnern
*
181
Maris
Mar 1
l'n.
.v.
40% 40% 40%
35
35%
Chicago A Alum
77% 77% *75% 75%
Do pre!
'4
77%
Si
'193
•133
'.'2-4
Apr
Apr
4
Hrnoklvii Kapul Transit..
•lie
M5
1
40
1
•
.
,100%
•180
•
%
28 Vj 24
'80
•86
82«i
Mi'l
47
74
47
2
•110 125
•116
125
lo% 1 40 <140 L46 •140
112 4 112% 112% 113V
85 4 86%
85 Sj 86
1--:;
•182
L76
•
23% 84%
*9o
1
IPS
•193
•
•
1
Santa
1
11
62%
'118
% 86%
h.",
1
1
•".
102%
63%
.
•115
•llo%lll
•140% 141
H:
I*;.
96
86
96
01%
wui. Topi
Jl(i
lol
L02>a
.
64
(il
77%
99i*
99%
101%
20
»80
•64
84%
77%
V 88
'.•8
lui
•80
•80
38
01
.
70
94
20
-
28%
-
Jan
Jan
DeC
Dec
DeO
BANKS AND TEUST COMPANIES— BROKERS' QUOTATIONS
Bunks
Banks
KKW YOBK
Cl'i'V
American
Ani.i
..
l.xeli.
Astor
Bid
525
289%
t
090
300
Bowei
...
Broadway ...
Buteli's&Dr 137
'
Ask
550
430
Citizens'
City
Colonial
iiui
Ask
t'210
......
601%
'
...
300
340
Columbia | ..
Commerce... 362%
Corn Eichll. 1450
East River.. 145
11th Ward*
150
Einp'eState" 205
Fidelity"
223
Fifth Ave;.. 3250
.
Banks
is
Ask
id
14th street^]. 105
Fourth
240
Callatui
410
,an>. voorl'
135
250
130
Bid
.700
Jeffei sonl
Leather .Mir.
1
5
1
Hi
Mutual!
..
t
i'
.
Manhattan* 325%
Market <V ul
Mechai
.
t
t
ltuli Waul*..
295%
N
325
160
LOO
Ninth
North Aiuer. 275
Bid
Banks
Bid
150
190
190
S
'
.
500
|
115
I'llelllX
......
.
175
i
Ki
Second
e\ elllll.llCW
135
Slioe iV l.etll. 135
185
195
Greenwich
175
...... Meoh a Trail 150
500
tale'
Century ,|.... 165
ilaiuillon'i ..
150
Mercantile .. 205
285
Chase ...
State of N
700
Hanover
Oriental*!
710
Merch E\ch. 150 100
iio'
12th
Wardl
Chatham
330 350
Fifth
300
Hide it L'ath 50
205
Paoinol
Merchants'.. 190
110
23d \\
Chemical
020 640
O
4100 4200 First (new)..
Park
Imp it Trad. too 030
Metropolis
050
* Bid and asked prices; no sales were id ids on this day.
st ne banks.
sa ires.
a Ex dividend and rights.
(Si ri
i Less
s Trust Co. certilicato*.
1 Sale at Stock Exchange or at auction this week.
stoc:i "corners 1" sales for
wero in le as high as I0f>0.
Central.
1,
V
.
i
.
"
,
i
||
1
1
i
1
I
I
•
i
Ask
s'
Prod
New
N 1
noil
Uermauia",
linuks
Ml Morris
t
550
German Ami 140
German Ex.' 340
..
As
1208
Liberty
Lincoln
i
Garfield
Banks
Irving
240
1298
Stock Record— Con eluded— Page 2
BTOOXB—HJOHJCBT AND LOWEST HALE PRICES
Monday
Saturday
Dec. id
Putsday
Dee. lb
10
»10
12
*9%
58
•17% 20
*f).->
58%
55
»18
130
20
180%
10
180%
51%
no%
62%
70
*79
71
81
70i.,
70
27
67 %
01
12'2
122%
121
71%
27%
18% 18%
% 32
31
,
'48
•28
20
'.'1
*28
04
20
30i4
8
5%
»22
51
31
87%
5%
23
43 34
44%
*96% 97%
119%121%
115%115%
-97
-15
•76
29
•205
41034
79
•125
16
215
•130
99
18
79i.
2934
212
10 34
84%
130
15%
215%
131
734
734
-29% 31
281H2 285
39
39
-97 100
-6 34
734
161
05 •%.
'•,
>-;{
'.
40%
"2
29d
*
29
86
29
-2
'a
12%
29%
85
29 34
41
•190
60%
29%
86%
114%
*
114%
*
114%
*130
134
•130
140
*130
140
734
7 34
282
39
100
19% 20%
•75
77
88% 88%
-0% 7%
7%
7%
7%
8%
87
*200
:;
i
I
205
20% 20 8
63% 63%
•16
•42
20
47
30%
81
88
88
-0*4
*96
97
88% 88%
120% 121%
•115
95
116
95
79% 79%
29 34 31%
*207
213
*9% 10%
87% 89
•125
130
15% 15%
*216
*
216
114%
132% 133
9%
83 8
88% 88%
7%
46
48%
87%
93%
14
43
103%
18%
84
155% 155% 158% 159% 157% 158
-92% 95
93% 93% 93% 93%
45
45
44% 46
43% 44
98% 99% 99% 99*4 99% 101%
38% 3834 40%
38% 38% 38
80% 79% 80% 80% 823,
79% 81% 79
156 156 "156 160
92 Hj 92 Hz *92% 95
43
43
43 % 43 Hi
99
98
98% 99%
38% 39% 38% 39
82% 82%
•211
214
*3 34
4
Hi
«9% 11
*14Hi 15%
69
19
69
20%
05%
65
•29 Hi 30
•80
81
•4%....
60 Hi 61%
*14%
15
•71
76
•88
92
11% 11%
'
211%21l% 211
*3 34
9%
•15
67%
19% 20%
68
68
*29% 30
*7934 81
*4%
60
*34
«71
*89
82
82
4
1336 1334
14
*49
49
40% 41
40%
90 Hi 91%
90%
-3%
*9
211
4%
70
*211
211
4
-9% 11
$211
4
11
1538
07
15%
66%
19% 20%
72
28% 28%
*81
82
15% 15%
67
20
72
29%
80
214
*334
•9
15
60%
18%
08%
29%
67
20
73
30
81
'89
92
S034
14
52
41%
91
8121% 121%
180 200
9H4 90 34 91
147%147% •147 148
90
92
80
11% 11%
80% 80%
14
11% 11%
80% 80%
14
14
92
92
14
52
49% 49% •49
40% 41% 41% 41%
3
90 4 91%
91% 91%
*52
70
-52
62
180
91
200
180
200
91%
•146 148
76%
81 'i.I'ih
67%
2:;'.,
Jan
328,910
9,290
40,560
32,850
72(i
686
70
71
1
1
1
1
'h
18%
45%
J'nelO
J'lie
45 34
5
23% Dee
Nov27
May
1
:;
13 %J'n<
9
45% Max
25%
.Jan
.Jan
2
1
3
May
May
01
22
:;"/
% J'ly
Nov30 186 Jan
May 2 4 L%Jan
99% May
4
% Jan 31
tea
26 s4
1
'h
Jan
May22
loo
133
28
"
1
7S
55
89% Apr 30
129% Jan
81% .Jan
•j:i%
Sep
84
J'ni 19
'>
A pi 19
May 9
17
7o
J
J'ne 8
J'ne21
J'ne 4
Adams
70% Dec
Dec
110
Dec
;
M ai-
.
10
85%
Dl
11
27
Deo
J
13%
9 60% Mar28
9 38
Mar28
14% Jan 21 20 J'nel7
38% Jaul7 4934 Aprl7
24
4,580
2,420
!'.•
May 9
65% Jan 21 109
1
Oo 1st pref
Oo 2d pref
51
30
200
4%
11
15
65% 67%
Do pref
19% 20 Rubber Goods Mfg
70
70
Do pref
66%
19 34
08 '4
•29% 31
30
82
'78
81
4%
*4% 4%
4% 4% '4% 4%
6234
62% 62% 63
61% 60% 61% 62
*34
30%
36% *34
•14
14
15
14% 14%
14% •14
*72
73
74% 571^4
76
74% *72
71
11% 11%
49
200
9%
16%
3567
a;80 3
*180
91
4%
pref
Deo 19
.Jan
I
Deo
64% Dl
1 % Oec
2
44 %
21'.
10
30
2IJ34
Sep
Jan
89% Oee
J
1
1
57
lie
I
Mar
Mar
Apr
Apr
60 Nov
99% Nov
!
I
25% Nov
12%. J an
72 Oec
30 i ne 3 7 34 Apr
3
88 4 Sep 100 Apr
8142 Mai 191 Dec
57% J'ne
'27'%JVn'e
00 >a
49% Apr
7.s% Feb
Nov 16%
34% Dec 00 Feb
3
J'ne
85
J'ne
7 34
Jan
18% J'ne 31% Jan
Dec
34% J'ne
99
Nov
'
31% 33% 3234 33 34
282 282
281 282
39
39%
*38% 39% 39
39
•95% 100
98
97
$98
97
20
20% 19% 20% 20% 20%
75% 75%
76% 75% •75% 77
"6%
Do
Ma)
3
86
28
1,430
1,090
Transit.
J...
ne 8
5%
6
22% 22%
44
44%
30 34 31
281 281
88% 88%
Tol. 8t.L.
W.v.
Do pref. vot. lr. otls.
Highest
"8% J'ne
May
% Jan
May
18
(lyooj
r
1
50% Dec
88 Mar 12
1
or. 117
] I) 3 !
1,02*
ST.)...
tr. ctfa,
!
Miscellaneous.
Express
5145 Jan 8 5200 Novl9
04% 68
malgamated copper... 751,950 60% Dec! 180 J'ne 17
*2
3
American Bicycle
1% Sep 25 8% Apr 23
•12
13
Do pref
300 10 Sep 30 35 Apr 22
2934 80
American Car & Foundry
0,390 19 Jan 21 35 J'nell
J"> pref
85% 85%
1,819 07 Jan J 9 89 J'ly 2
3L
82 American Cotton Oil
11,460 24%.Mar 9 35%J'nel7
•80
Oo pref
88
1,200 85 Apr 10 !U % Jan S
205 205 American Express
100 8169 Jan 12 210 Novl'.i
40
40 American Grass Twine..
1,650 39% Deol6 45 Nov25
20% 27% American Ice
9,770 2534 Oct 2 41 3 «;.
0334 03»4
Do pref
580 02 Oct 10 77%Mar22
15 19 American .Linseed
100
5% Jan 24 30% J'ly 9
•41% 50
Do pref
31 Jan 24 66 J'ly 9
30 34 31 34 American Locomotive... \K, 07 7 22%Augl3 33%Novl9
883,
88
Do j^ref
4,910 83% Oct 4 91%Novl9
6 American Malting
300
4% Feb 4 8 J'ne20
•22% 24
Do pref
100 22% Dec 19 30 J'ne25
43% 44% Amer. Smelt'g & Kelin'g. 10,220 38% Oct 7 09 Apr 20
90% 97
Do pref
2,867 88 Feb20 104%J'ne2o
American Snuff.
26 Mario 49%J'ne 8
88
Do pref
73 Apr 17 90 J'nel4
118% 120 American Sugar Eefinin 03,210 112% Oct 7 153 J'ne 3
116 116
Do pref
919 114 Sep 30 130 J'ly 19
•96
98 American Tel'gh & Cable
250 594 Jan 7 100 Aprl 3
Aonericau Tobacco pref.
137 Jan 2 150 J'lyl16% 16% American Woolen
200 13% Maris 21% Jan 2
79% 79%
_.
Do pref
530 70 Mar22 8234 J'jy 1
r
29% 30% Anaconda Copper
21,600 28%Decl7 54% Apr 16
2212% 212% Brooklyn Union Gas
20 175 Jan 18 228 AprlS
*fa 34
h,-j4
runsw. Dockcfe C.Imp't
110
8% Jan 19 14% Marl 9
90
90% CColorado Fuelcfe Iron... 6,500 41% Jan 21 136%J'nel7
•125 130
J Do
pref
116 Marl9 142% Apr 29
15
15 3b Col. & Hock. Coal & Iron.
1,400 12% Oct 23 25% J'nel7
215 216 Consolidated Gas (N. Y.).
4,900 187 Jan IS 238 Apr 15
Continental Tobacco, pref
93% Jan 2 124 J'nelO
Diamond Match
200 127% Oct 10 152%Aug29
8% 8% Distilling Co of America. 10,410 6% Oct 14 10%J'nel8
33
33%
Do pref
7,106 23% Sep 13 34% Nov 9
....
279 34 281 General Electric
6,135 183% Jan 10 28934 Dec 6
39
39 Glucose Sugar Helming.
1,941 37 Oct 24 65 May 2
96
96
Do pref
225 93% Mar 5 107 Aug 5
20% 21 International Paper....
2,270 18%Mayl0 28 Mar22
75% 76
Do jiref
1,120 69 Jan 21 81% Sep 10
International Power....
600 54% Jan 2 100%May31
International Silver
5% Feb 7 11 Jan
Do pref.....
„ u "206 33 Apr 2 51 Deo .
a;47% 47% Internat'l Steam Pump..
300 24% Jan 22 49 Novl9
87% 87%
Do pref
500 74 Jan 24 89 Oct 16
•92
94 Laclede Gas (St. Louis).
70 Jan 18 95% J'ly 8
103
Do pref
95 Jan 21 106%Novl2
•10
14 Manhattan Beach...
1,200
8 Oct 12 22 Apr 16
43% 43% National Biscuit...
900 37 Jan 21 46 May 3
• 102% 103 34
Do jiref
92 Jan 2 103% No vl 8
'17
"306 15 Marl4 25%J'nel2
18% National Lead
81
82
Oo pref..........
400 81 Mayl6 93%J'nel3
National Salt
23 Oct
50 Mar21
0134 Oct 10 84 Mar21
Do pref
158% 160 New York Air Brake
1,635 133 J'lyl5 175 Apr 26
"92% 94 North American Co., new
300 73% Feb 14 109 J'nel8
45% 453. Pacific Mail
5,770 30% May 9 49%Novll
101% 102%
eop. Gas-L.& C. (Chic.) 38,825 9534 Jan 21 120%J'ne21
40% 4034 Pressed Steel Car
11,550 30 Mar 7 52 Jan 2
8334 84
Do pref
5,760 72% Mar 5 89 Apr29
213 213 Pullman Company
530 195% Jan 21 225 Oct 17
3% 4% Quicksilver Mining...
100
1% Apr 22 5%May31
-9
12
Do pref
7 Mar20 12%May27
200
15% 1634 Republic Iron & Steel.,
1,100 1134 Sepl3 24 J'nel7
•190
"30% 40%
*38
40
46% 46%
45
45
•47
*48
48
48
48% 48
48
•86
*86
*80
87%
•86
87%
87H2
*90
*92
*92
*90
94
93
*90
94
94
*103
103 108 •103
*103 108 *104
•10
10
13
14
*9
13
13
14% 13
43
44
43
43% 44
*43
43 34
43
44
• 102 Hi 104
102% 104 -102% 104 *102%104 • 102%
*16% 18% '16%
•16% 17
16% 17
-16% 18
*82
82
82
82
•79
82
-79
84
84
•45
4.1%
12%
29% 29%
85%
31% 32%
>
30% 31
&
(X.
Louti
J'lyie
9
8
9
.Jan 21
Jan 21
29
6,960
Pacific
20% 21% Wisconsin Cent. v. tr. cfa.
41% 42%
Do pref. vot. tr. ctts.
200
2
30 %
*
•28
03% 69%
2-»j
85% 85%
29% 33%
86
87%
4
60%
60
80
20% 20%
12%
'
.^
Avenue
id:;
60
•28
60
80
200
1-0
Jan 29 184
6
1,200
W
20% 20%
40% 40%
20
40 Hi
-190 200 '190
00 Hi 64%
62
2»4
2
•
20'.,
1
57
1
/nr 1'revxoul
'
78%
21% Jan
95,100
67,875
lI2-»4
1 5 '4 J'
Dc el
1 1
Twin City Rapid
161
•
Ji
I
21
Rang*
Highest
17
i
102% 101%
Union i'acinc.
Do pref
88% 88
88% 89%
2 2',
abash
22
22% 2:
3
Ho nrcf
41% 4_-v 41 4 42 "e
18
1 8 % Wheeling & Lake Kne
18%
102%
1
«2 7 34
1
L9
101
'.i
50
•28
:;'oiiVi
29.600
pre!
rpexu
89
122
js-'.i
101
•
22»4
4
1
Nov
Jan
56
1st pref
2d pref
i»i
34%
108% 108% *107%ll)9
34
109
io'6";
88
122
'h121 '„
J 18% 1^'^
34
84
3934
-97
20
76
883
88%
4
84
195
279
39
20
*75
88% 88%
J
1
,.
Louis Southwestern.
lor year JUOl
0) 100-thari
/.
97
r
.
Do
St.
"
8110
2,0011
V. II.
1
Oo
83
74
prof ..
G. Jul.
Southern Pacific Oo
Southern voting tr. otfa
93 %
Oo pre! vol. tr. otfa.
92%
88
12
<fc
61
32%
18%
83
'4
28
59
128
si.
73%
27%
59% 69%
59% 69%
J
200
196 200 -195 203
40
89 s4
89% 40% 40
27% 27% 27%
20% 27 Ha 27
-63
05
*03
65
63% 03%
*15
20
20
17% 17% •15
45 51 *40 51 H4 47
303
31
30%
30%
4
30% 31
88%
87% 8"34 88
87 Hi 87%
6
*5% 5%
5% 5% -5
*22% 23% *22% 23%
*22
23
44
44%
43% 44% 42% 44
95% 97
96% 90%
90 a 97
41
41
80
86
1203
120% 121%
120 121% 119%
4
116
115
117
116
116% 116%
*97
99
99
97% 97Hz •97
*
147
'15
16
*15
16% 16
17
79% 79%
*77
79 14 379% 79%
28% 30% 29% 30 34
28 34 29 Hi
*205 212 *200 212 *206 212
-10
10
*10
10% 10
12
80% 87% 87% 90
85
88
*125 130 *125 130 '125 130
15
15% 15% 15% 15% 15
213 214 34 214 34 216 34 215% 215 34
•
26%
8
Hi
•27
28
80
'.»
lop.,
161
51
28
28
734*
88% 89
22% 22%
42% 4 % 42% 4 »t 42%
•18
MS 19
18%
1
85
7'4
22
29% 30 'h
84% 861*
>s
38
]
22'e
200
61%
74
.-2 'a
11
Shan
lstpret v.
2d pref. v. ti cti
x. ,v Adirondack..
Louis <& san Trail
'
134
55% 58%
81
71
88
02%
'98% 00%
»'i
80
20 %
40% 41
2%
40
1
20Hj
*190
10
10
29 "a 80
85
85
«27% 28
80
86
>19fi
200
27»<
1
30
200
64% 06
40%
"98 "a
160%
99%
*48%
40% 40%
•2
107
l.s%
6
20ia
2.S
123
is
82
107
107
42
72%
B3%
'121
184
l:M
331*
Bl&J
'v
1
•17% 20
69%
Hi
'4
1
72%
37% 881
12
22
8
58»4
87% 88 %
»190
'4
1
'in hii.Hm
the
i:\cjia-
•11% 13 H CI. .1.
•58% .V.",
iio
On
•18% 20
18
59
65% 50
.si
»26»4
17% 18%
{100 106
»165 101
98 3
87 Ha 88
22
28
41^ 43
-10% 20
•180% 181
58i<
37%
•8]
87
•79
71
Friday
20
Dec.
I'.i
11% •10
68% 58%
11
57
54 v
31% 82%
32ia
91»
•17%
11
56
58%
'.i
*57% 69
82
91
37
20
*03
-15
*45
1
Dec.
Bang*
STOCK
N'KW YORK STOCK
iini land,
"17 Hi 20
I8OI9 131
81
27ia
67% 68%
67% 68%
6
Thursday
Wednesday
lire, la
1/
Dee
[Vol. LXXTI1.
92
11% 11%
80% 80 %
12% 13%
49
49%
41% 41%
91% 91 34
200
6334
30%
14%
7134
93
1134
'SO
13
94%
48%
41%
91%
62%
48%
42%
92%
%
*180
4%
*180
1134
8034
13%
63
200
91% 93% 92% 93% *91% 91 34
149 100
148% 148% *147%149
107
887
128
95% Mar 49
Mar 118
J'ly
Sep
Jan
76
Dec
May 140 Feb
21% Dec 22% Dee
76 a4 Oec
37% J'ne 54% Apr
140
Dec
Jan 183
0% J'ne 16% Jan
50% Dec
29%
117 Oct 131%Jau
11% J'ne 21 Apr
U04 Sep 201 Nov
70 May 95 Nov
120
Dec
Jan 200
Not
Nov
14% Mar 26% Nov
58 Mar 75 Nov
44
Mav 00
92
Dec 103
24
J'ne
5534
Dec
3% Aug 10% Jan
Dec 29 34 Dec
Dec 77% Dec
05 May 80 Jan
90 Jan 100 Jan
0% Jan 18% May
23 J'ne 40% Nov
79% J'ne 96 Feb
15% Aug 28% Feb
83 Aug 106% Feb
32% Oct 46 Nov
09% Oct 76% Nov
28
76
112
Nov
Sep 175
J'ne 57 Nov
81% Oct lll%Apr
32% Sep 58% Jan
7034 Sep 89% Nov
25 a4
170
Dec
J'ne 204
% Aug 2% Mar
7% Oct 10% Mar
834 J'ne 27% Feb
49 Aug 70 34 Feb
55% Jan 21 82 Apr 1
18% Dec 19 38% May 2
65 Decl3 90 Mav 2
100 19% Feb 5 41% Apr 2 17% Oct
SlossShetfield St. & Iron
Do pref
65% Jan 22 86% Apr 8 59% J'ne
Standard Rope & Twine..
282
3% Mar 6 8%J'nel3 4% Mar
Tenn. Coal, Iron & RR... 15,970 49% Mar 7 76%J'nel8 49 Oct
Texas Pacific Land Trust
19 Jan 18 42 Apr20 13% J'ne
LT06 12 Apr 12 19%J'nel7 10 J'ne
Union Bag & Paper
Do pref
510 65 April 75 34 Dec 4 56% May
United States Express...
925 §53 Jan 26 100 Apr 19 §45 Mar
United States Leather....
4,285
7 34 May 9 16% May 2
7% J'ne
Do pref
1,465 69% May 9 8334 Aug28 65 J'ne
United States Rubber
3,870 12% Oct 4 34 Jan 2 21 J'ly
Oo pref
1,440 47 Oct 4 85 Jan 2 74% Dec
United States Steel
102,635 24 May 9 55 Apr 30
Do pref
45.210 09 May 9 101% Apr 30
1,850
4,950
1,700
Dec
1
Nov
Nov
26
71
10% Jan
Feb
21% Dec
25 Feb
7734 Feb
104
55934
1
9
Dec
Jan
79% Nov
44 Jan
104% Jan
400 51 J'lyl2 72 Mar30
25 116 Apr 26 125 Aug30
5130 Jan 11 199- Dec 4 120 J'ne 140 Dec
est'n Union Tele'gph 21,491 81
Jan 21 100% May 6 77%J'ne 88% Jan
West'gh'seEl&All'gassen
4,930 145 Nov26 100 Dec 20
Do 1st pref
157 Nov27 157 Nov27
Virginia-Carolina Chein..
i)o pref
Wells, Fargo
&
Co
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
NEW YOKK
Bid
CITY
Union SqJ... 300
225
i
Varick
;
\\ asliiugt'nl
West Side',..
200
000
Western..... 615
Yorkvillo', .. 240
BROOKLYN
Did
Banks
Ask
Ask 8th WardU
..
5th Avenue", 100
•-
035
-
First
Kinsrs Co'
Banks
Did
Ask
BROOKLYN
BROOKLYN
•J
85
110
95
... 130
Manufactrs'. 285 300
Mechanical] . 217%
Mech & Tral 300
Merchants'.. 100
17th Wardll. 130
200
140
140
Wallaboutlj . 105
Sprague
20th Ward'
Union|
213
.
16*6"
Trust Co's Did Ask
C'IR'tvB&Tr 515 540
Central Tr'st 1875 1950
City Trust.
Colonial
Continental
Farm
LoifeTi
Fifth Ave
Trust Cos.
350
290
ISO
200
Tr
Guaranty Tr
Knick 'rb'k'r
Manhattan ..
375
1370
450
1400 1500
1050 1150
725
725
475
975
•]355
525
N. Y. CITY
BedfordU .... 225
Nat City
Mercantile ..
BroadwayV.. 250
North Sideli.
Atlantic Tr.. 280 290
Merchant:s'..
r
Brooklyn
120
People's',
Bowl'gOreen 185 195
Metropolitan
* Bid and asked prices; no
sales were made on this day.
Less man loo snares.
j Ux rights.
1 Sale at Stock Exchange or at auction this week.
s Trust Co. certificates.
<i
.
'}
Trust Co's Did
MortonTrust 1198
NYLife&Tr
Ask
t
1300 1350
1150
North Amer. i'270 275
Real Bet Tr't 350
NYSec&Tr
StandardTr't
Tr
L'o of
41 '5
Am. 275%
t
Trust Co's
BROOKLYN
Brooklvn Tr
Flat bush
Franklin
Hamilton
Kings Co
L lsl L&Tr.
Did
425
170
315
.
450
People's
350
WilUamab'g. 209
Banks marked with a paragraph
(fl)
330
310
410
270
Fnion Trust 1390 1410
USMtg&Tr 425 450 Manufact'rs. 305
Unit States 1690
Nassau
211
Washington. 425
Ask
320
220
215
are State banks.
New York
Stock
Exchange— Bond
did
BONOS
IT ice
STOCK EXCHANi, P
N. Y.
D»
kk Bifonra
\vi
1
2#
11
1
y
registered
Lis
3s coupon
u 8 Sa rag small bonds..
con
la
U
.s
/(
y s 4s registered
O S 4s coupon
U
V
S 5s registered
8 5s coupou
January
L08% 109
107
i
No Low High
1
P.
p.
i
08 Hz Sale
Tips"
iti'.'i'
H.
IIP'.
1
108% lis
108%
io8**NoVvo'i
ii P."
I
1
%
1
112
11
'•,
L39 1,
L39 .
in.-',. 11(1
Deo '01
.MiU'lil
llll
108
lu8'.i 107*4
Dec'Ol
107*4
LO
1
.
Nov'01
111
107%
i
.....1904 y-F
1
1
1
I
Ho
Class
Class
class
Bos
A
1
-
%
1906 J-J
1906 J-J
4 to 5
108%Oct*01
108%.
107
103
in.;
.
126
107
108
'00
Deo '01
1
,
109
126
107
.
.
(Hi
103%
102
L09
L26
Aug'01
109
126
106% 109
in
Nov'OJ
109% Feb '99
.il
J-J
Missouri tunning
189
North Carolina cousol 4s.p.<ni J-J
109 Hi
10I
Hi
-js
A-O
19
1933 J-J
3s. .1913
20-40
Teun new settlement
100%.
106% Nov'01
134
13U%J'1\"01
Mar'OO
L20
97 Dec 'nl
115
Oct '01
98 34 Nov'01
.
B7
98',
B6%.
Small
Virginia luud debt 2-3e...l991
Registered
6s deferred certts
99
%
105
99 s
95%
4
94% 96
93% 98 34
I^Aug'Ol
7%
Railroad
.i
Ann Arbor 1st g 4s
96% Sale
A1995 Q-J
Alcli X is S fft geu g 4s. ..1995 A-O 102% Sale
1995 A-O
Registered
Adjustment g 4s
Nov
Nov
Nov
fcl995
711995
Begistered
A
g
/(.1905
5s.. .190'.
94
Sale
94
Salb
SCs
96Hj
102 34 103 329
102 Nov'01
93 x4
94 139
92 Dec '01
93 14
94
4,81
J-J
115%
108% Sale
Chic is St Corns 1st Us. .1915
All Knox is NOT 1st g5s..l946
Atlanta is Uanv .bee South By
Atlanta is ladk See South Hy
Austin is N
Hee Sou Pacilic
Creek is S .See Mich Cent
Bat
alt & Ohio prior lg3%s. 1925
Registered
ft.1925
Cold 4s
/tl'J4s
Registered
M948
ouv deb 4s
1911
P J un is Div 1st g 3%sl925
Registered
pl925
Southvv Div l8tg3%6... 1925
Registered
M925
Monon Riv 1st gug 5s. .1919
Cen Ohio R 1st cg4%s..l'J3u
Oil Creek
See N 1 C A il
108"4
108^
10
y
A
y-J
MS
M
Bums
Illinois
Montauk
is
i: \\ eat
Bullalo is' V is
Hee
ire
M-N
y-F
J-J
y-J
F-A
M-S
1
VV
Pric
BuUalo R<fc Rgeu g 5s...Pjo, M-S
Uebeuture Us
1947 J-J
All <is \V est 1st g 4s gH..1998 A-O
CIA; Mali 1st gu g 5s... .194:1 J-J
Roch is Pitts 1st g Us. ..1921 F-A
Consul 1st g Us
1922 J-D
Buttalo is Southwest See Brie
Bullalo <fc Susqu 1st g 5s. .1913 A-O
Registered
1913 A-O
1st refunding g 4s
rfl951 J-J
6'ee
Bur Cedar B <t Xu 1st 5.S.190U J-B
Cou 1st <te col trustg5s.. 1934 A-O
Registered
1934 A-O
CRlFdcN Wl8tgu6fl.l921 A-O
M& St B 1st gug 7s. ...11127
J-D
1908
'2d 5s
1913
Registered
1913
Carb is Shawn Hee III Cent
CarolinaCeut ^ee&eabd; Poau
Carthage d; Ad ISee A' 1'Cill
Ced klali: N See B C B & X
Ceu Branch U Blstg4s...l94»
J-J
t'anada Soutli 1st 5s
Cen Branch Ry
Ceutral Ohio
6'ee
Mo
See Balti
'
Sale
95
102% sale
M-S
M-S
.
A-d
861 A../( 190
(is
(ll'.il
...lillis
1
i
MS
MS
ABB
R( tundmg g Sa
.Miss ui\ ii Lai s g 6a. .1912
SaiVu ay Let Lien 8%s..
A-O
A-O
J-J
1950 J-J
Registered
J-J
Chic Pur a Q eonsol 7s..
905 F-A
Inc A Iowa Un j.i
K-A
l)cu\ r Div Is
1949 J-J
Dlinoia Div 8%a
A-O
Iowa Div sink mid 5s.. 1919
Siiilnngliindls
L919 A-O
Nebraska Extension 48.1927 M-N
M-N
Begistered
(
4
HP.
1
1
1
1
P.I H:
1
J
sl rui sol g Us
1984
General eonsol 1st 5s
1937
1937
Begistered
Chic is Did C By 1st 5s. 1930
Chicago & Erie See Erie
Clue In A Pouisv ret Us. ..1947
Refunding gold 5s
1947
Pouisv N A is Ch 1st 68.1910
Chic Milwaukee & St Paul—
& St P lst7s$gRD.1902
95 101
1902
1st 7s igoldRD
101% 105*4
1903
1st C &
7s
101 34 104
3
Chic Mil is St P con 78..1905
86 4 99
1914
Terminal gold 5s
95
92
General g 4s series A. .61989
90
96 34
Registered
el989
General g 8%B si-ru s B..
Div
Chic
is L Su
108 109
g 5B....1921
Chic & Mo Riv Div 5s... 1926
1910
Chic is Pao Div 6s
1st g 5s
1921
Chic & P
1916
Dak & Gt So g 5s
1924
Far & Sou assu g 6s
94% 97 34
1910
Hast <fe D Div 1st 7s
95
97
1910
l8t5s
99 105
1908
100% 104
I & D Exten 1st 7s
1919
LaCroB86& D 1st 5s
100%110
1910
Mineral PointDivSs
87% 91*4
1910
So Minn Div IstOs
Div
1st
...1909
Southwest
Us.
88% 92
Wi8& Minn Divg5s.... 1921
90% 91
i
M
M
104
93
Sale
127 34
A-O 105
93
103
122
105%
93
Nov'01
Nov'01
32%
»5
106% 43
105*2 Sep '01
75
76
106
J-J
55
33 34 213
91
95
96
119
103 Hi
122
Ashland Div 1st g 6s. .1925
Mich Div 1st g 6s
1924
Convertible deb 5s
1907
Incomes
1911
Chic Rock Isl <fe Pac 6s.. .1917
98%
100% Sale
90
Sale
M
lst2%s
60
20
Exteusiou 4s
is DesM l»t5s
84 H
Keok
86%
Chio&StL
21
129*4
6
127
105
110
115
100
100*4
90
Dec'Ol
Jan
'99
Deo '01
Dec'Ol
101
90
100»4 Nov'01
95
J'ne'00
103
Nov'01
137
.SeeAtch'r
1917
1988
1988
1905
1905
1905
1923
121
J
103
A|.i
10U
jlOlHi
Hi
05
1
Ha
107%
i
103
lol
lol
101*4
'i
A
'99
[ii
i.02%
1
iiri^iii'o^
102*
8< J4
Ss
87
86
Salt
108
Bali
\-o
M-N
M-N
SO
bH
86
87%
uo
109%
108
V.pr'00
nil"" 102%
HI) 3 , 10 1*4
101%'
104
104
-
115%
103%107
114*4
Ill
104 34
111
110
100%J'ne'01
109% 112%
100% 100%
111
109*2 Aug'01
i^ah
100%.
109 34 10» 34Dec'01
in.-"
121*.
11 P-
L20
111*2115
138% 139*4 138%E
122% 123 122
115
112%
L28%
108
121 "a
111*2
111*2
115
140
127
A
112% 125
J-J
122 7a.
122%
J-J
J-J
J-J
126
124%Nov'01
lPi^Dec'Ol
115
113*2
116%
116*8 Dec'Ol
113
117
189*4 Oct '01
180
192%
183
190
194
J-J
J-J
J-J
J-J
J
J
,
183 Oct 01
186
Sale L86
1P1H. 114 Dec'Ol
112 111 Hi Dec'Ol
105Hi Feb '9,-
186
114
111
1-0
111*2115%
110
104
J
118
J
121
117
.1
119
J
114%
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
126%
106% 114%
172%Apr'00
J
J
J
122*2
133
114%
121%
118 34 Nov'01
121*4 Dec'Ol
116% 121
122%
116% Oct
116
Sale
119
....
124*4 126
110*4....
i
'01
I
119
114% Nov'01
116%122
111% 116%
137%J'ly'99
123 34 Oct '01
120*4
119
126%
109%110%
109% Dec 'Ul
185
.
18 5 "188
11 7 Hi 119
110%
114% 119%
113 117%
11U% 120
116 119%
118% 122
108
142%
102% 108
139*2
,
102
108
108% 112
109*4 111
113% 116%
106 34
110%
107%
108 110%
108 108%
114 34ll7%
114 114
121% 125*4
122
123
113
113
110% 111
110*4 111%
136%
I
Clue St B <fc N U .See 111 Cenl
Chic St L <fe Pitts .Seel'enn Co
Clue St
& Ocon Us. ..1930
CliSt P&Minn 1st g6s 1918
Nor Wisconsin 1st Us. ..1930
St P(fc SCity lstg 68...1919
BOX Ds»—Continued
i
Lotiis Ry Co 1st con g 5s. .1930 J-J
109 Mar'98
MarketStCRy 1st g Us. .1913 J-J
Met St Ry gen col tr g 58.1997 P-A 119% 120% 119% 120% IS 117% 122*2
Bway&7thAYlstcg5sl943 J-D 118 .... IIS
118
118 122 34
" No price Friday; latest bid and asked this week,
a Duo Jan it Due Apr
J-J
140*8
140*2 144
F-A '107%
M-N 110*2
J-J
J-J
128
J-J
107
125%
Sale
141%
127%
143% 143%
loU'j
Dee
]3o*i
01
'01
143% Apr
140% P
107% Feb '01
113 Apr '01
129% 129H
129*4 Dec '01
106% 107
J-J
J-J
106*2 Nov'01
J-J
86%Aug'00
143
1o7'b107%
113 113
127*4 131%
L26%132%
105%
99% 99%
99% Feb '01
J-J
97
A-O 109*2.
no
KM
Deo'00
110% 112%
111% Aug'01
134*4 142
J-D 13 l*4 139*2 141*4 Nov'01
M-N 189 ....
139
f
134
140
127
J
J-J
A-O
141
120
...
...
140
Mar'01
129%
129HJ
140%
140
132
on Next Page.
Street Railway
103% 110% Met st By—(Continued)
Col & 9th Av 1st gu g 58.1993
Pex AVA PPlst gag 58 1991
i'ii"ii.'"
100 105*8 Met VV8 El (Clue 1st g 48. 1938
ii
M
El Ky A- L 30- yr g 58.1926
98 103
Minn St By 1st con g 6s.. 1919
95
88
-l Paul City Cab cou g 58.
Guarante~ d gold 5a
Ave 1st gold o.s
Third
I93l
100% 101
Lai con guar 4s
2000
Union El (Chic) 1st 2' 5s.. 1945
101% 103
M-S
127
A SaEe
PM
105 34 105 34
102%Nov'01
102% DM
131% 132*4 13 127 137%
J-J
Det Cit StRylstcongos.1905
Gr Rapids Ry 1st g5s...al916 J-D
Registered
General gold 4s
Registered
Des
is Ft D 1st 4s
97*4 108 34
8
105 34Dec'Ol
l
A-O
J17
:-
L
105% 105%
'
18 Hi Dec '01
95 Deo '99
102 J'ne'99
129*4
J-J
P-
K
'„
L06
;,
IUISCEIjI.ANEOUS
F-A
6
9
—
l.~>
M-N
:o5Hi
i'o'o%i"o7 l4
BS cfcWest 1st g6s 1921 M-N 136
Ext & Imp s fund g 5a 1929 F-A 126%
/il987|y-J
113
,
-all
1
1
1
Southwestern Div 4s
L921 M-S
Joint bonds .See Great North
M-N
inure os
Pin a 81 Jos eonsol 6a.. 1911 M-S
pip.
J-D
Chic A E HI 1st si cur Us. P.
& Ohio
1
;,
i
1
12
'
•-'
(
1I2
(i
\
Mil
J-D
104
I
L939 M -N
1939 M :,
1992 M-.s
*aa
199" M-|s
Craig Valhv 1st g 58.. ..1940 J-J
B a A Dtv 1st oong4s..l989 J-J
J-J
2d consul a Is
Warm Bpr val 1st g6a..l94
1902
go g 5a..
Ella Lex
la lo M-N
Ireenbrler By 1st gu
Chic it Alt jut a mint 6s.. 1903 M -N
Pao
Sireet Railway
Brooklyn Rap Tr g 5s
1945
Atl Av Bklynimpg 6s.. 1934
lik City 1st con 5s. 1916, 1941
Bk y Co <fc S con gu g 5s. 1941
Bklyn Uu El 1st g 4-5s. 950
Kings Co El lstg 4s
1949
Nassau Elec gu g 4s
L96
City & S Ry Bait 1st g 5s. 1922
Conu By is D 1st & rel g 4 %8 '51
Den Con Tr Co 1st g 5s. ..1933
Den Tram Co cou g 6s. .1910
Met Ry Co 1st gu g 6s.. 1911
PI
10J
i-i.,
Pi cousol g os
Ki gistered
gold l
Bi glatered
10 34
Jligk
I
Oct '01
U6 34 119% 117*2 Oct '01
110*4 Nov'01
110
89*4
117 118 117% Dec'Ol
116 Dec'Ol
116*4....
Hi
9
Sale
90%
91% 78
118% Nov'01
118*2....
90HjJ'ne'01
iio""!™! 111 May'OO
Mil & No 1st M L 6s. ...1910 J-D 114 .... 116 J'lv'01
112 Nov'01
1st cousol 6s
1913 J-D 118%.... 118 34Sep'01
112 112
Chicago & Northwestern
139%Deo'01
139 34
Consolidated 7s
1915
103% Sale 103% 103%
Gold 7b
1902
102 Dec'Ol
1902 J
102%
Registered
'109
110% Nov'01
Extension 4s
1886-192U F
Registered
118
1886-1926 F-A 107 34ll0 107 Mar'OO
10 115 118 34
117»bU8H2 118
Ill Oct '01
General gold 3%s
1987 M-N 108%
103 Nov'98
j>198" y-F
i'oiHJ!^
Begistered
103 Apr'97
Sinking fund 6s. ..1879-1929 A-O 114 117 116 Nov'01
111 Oct '00
128
Registered
1879-1929 A-O
127 Oct '01
127 130*4
108',
127 14 129 129 Nov'01
Sinking fund 5s. ..1879-1929 A-O ib8*4 Sale* 108*.
128 131
107%May'01
Registered
1879-1929 A-O
M-N
Aug'01
110
100 Nov'99
Debenture 5b
107%
110
1909
Registered
110 108 Oct'o;
1909 M-N
114% Oct '01
Debenture 5s
1921 A-O 114%
101 102 Hi 101 Nov'01
101 101
104*4
114 Oct '01
Registered
104 Hj 105 104
1921 A-O
104 108*4
7
M-N
fund
123 8Sinking
deb 5s
1933
121 121% 121*a 121Hi
119% 127*2
123*a 123%
123 May'Ol
Begistered
1933 M-N
117 Nov'00
Des Mo is Minn 1st 7s. .1907 F-A
115 34.
113Hl Dec'00
M-S
113 Jan '01
109*4
Milw is Madison 1st Os.. 1905
110% Gel i'l
107*4 107 34 107*4 107 34
105 Ha 109
North Illinois Pst os
1910 M-S 110%
110*4 Aug'01
Utt C F is St Paul Pst 5s 1909 M-S 110%
109*8....
108% 109
107 111
120%Nov'oo
Winona & St Pet2(17s..l907 M-N 118 4
107 Aug'01
10U 4 108
102 4 Sale
lo4 34 Sale
Ceu RR& Bof Gacol g 5s 1937 M-N 103 104 34
Cent of (ia HH 1st g 5s..pl945 F-A 120*4 122
Registered
pl945 F-A
Cousol gold 5s
1945 M-N lOOHs Sale
Registered
194i M-N
1st pref income g 5s
pl945 (Jet
75 *a Salt
2dpret income g 5s
pl945 (Jet
32% Sale
Oct
3d pref income g 5s
jil'.t
18
20
Mac is Nor Div 1st g 5s.l94U J-J 103
Midua& Atl Div 5s 1947 J-J
Mobile Div 1st g 5s
194U J-J 106
Centof N J 1st cousol 7s. .1902 M-N 102 Hi
(ieneral gold 5s
19h7|J- J 131% 132
Registered
96 34
30
97
97 Deo'01
"66
7
102Hj 102 8
102^ I0214 12
103 34 104»8 114
89 34
89 34
2
...
u
Cent
bong
Sav Fl is
Frie
96%
J
i
liklyn
J-J
W
W
BellevdsCar Hee
lot.'.
136 Hi
Alabama Cent See So Ry
laba MuU See Sav Pla & \\
Albany A Susq .see Del A Hud
Allegheny Valley totcuu 1111
Alleg is West nee iiull B & P
Am Dock is 1m /See Cent oi X
Stamped
Equip tr series
Hut
6s.. 1921
•
B
i
i
".ye
or
t
ry 1
s \ & Pong Brgeng 4a 1941 M-s
Cenl Pacific Si So Pae
J-J
lharlea .v >;n p-i g
OlllO g
•
J-V nt un
l
.
p.)
w
Continut
1
Imp gu
A Hud K (fl -n
h a v\ Ulu B Coal
exl
i*
i
1901 .I-J
4a
Gurreucy funding Is
1920 J-J
1924 P-A
Diet oi Columbia 3°65s
Louisiana new cousol 4s.. 1914 J-J
Us
ho Carolina 4
.1
i
i'l2"
I
N
I.
lS
"« 111%
112% IPCs 113 Deo '01
11-'
P.
u.j
1925 u-F
1926 o.-F
190 U-F
112
A'
20
1
Am Dock 4
State Securities
Alabama
1
1111.1I ol
.
Ki'.iV
91*8 98
92
93 34 92\ Deo '01
1.. M-S
to
ne do liar.
J /use ore j/rtc. *• on the basis oi tour tn
96 Apt ill
s i c 6a oi L899 U.-J
96
J hese a re pr lOM
n the b dsis ul $oto i.
Mexico
\\
IP.
STOCK PM'II
.V Y.
Si iter
.Miy'i
108%
109%
Foreign Government
Frankfort-on-Mam :;_> Mt
U Sol
i-ow
BONDS
Ji'llll'/r-
(on
'tl907 y.j
Vais coupon
^l*A.-
109*4 109*4
1
register) d
-is
id
Week's
JUimje or
Last Bale
i\\t.i>
i-'oi it
!(i.V':
(J-F
(i-F
bonds.
sin. ill
80
108 34 P'.i'i
-I
U 8
U S
a(«i 7
Dm
U. s. Government
2» coiisoi registered.,/ 930 Q.J
etl93U '{
U s 2s cousol ooapon
V S 2s cousol rag siuall..(<P.i..ii y-J
Us2s oonsol coup small. if 1930 ((•J
D8
i
rviNt;
Weekly and Yearly
Record, Friday,
M-S
M-S
F-A
F-A
J-J
J-J
121% 123
123% Dec'Ol
121
102
1
98
111%.
02
loo
110
Apr'ol
113
114%
-\
.
121 34l26
L20 123%
1
0<
t
103%
'99
110
110
111%114%
J-.l
lo
J-J
J-J
lol
O
w ChloSt40.yrlstour58.1928 M-N
year
cousol
M-N
40
gold oa...
\
s^ale
100
101%
109% Deo "99
105
"99"Dec"'97
< .as
and Electric Light
Atlanta G I. Co 1st a 5s. ..1947 .IP
1
.as tr ett-
Bklyn P Pas
e
s
con
91%
J-J
.
M-N
Due May i/DuoJue /iDuoJ'ly
1st
f
5s. 1945
lir.
&
LIB
Oct ".»
..
116%| 16 115
Due Aug p Duo Nov
s
Option
119%
Bond Record— Continued— Page
1300
BONDS
im
,,
11
BTOCK KXciiA'
K. V
Friday
SS
it. ..1947
-
J.J
unit M N
Gel
•lie's..
a l'.)32
Chic A West Mich I:
in g 5a
.oi'.ir J-J
Cm II A I' insol 8 7S...1905 \ O 1 >•
22d gold
1937 J.J
.
1
M
I
11.1
C
st
I
I
La
Cin s a
1
>..•
i-
M
.1941
i'
c C a
st
1
St
N
i
1
1
mr
lllHil II
1
-.
1 1
112)9 iis"
I
\
1
1st gold 4s
/
Registered
1936
('I con 1st g5s.. L928
conaol7a
Consul sink fund 7s
L914
Qeral consol gold 6s. 193
stered
1934
1st in-.
Ind in a
is.1940
O Ind A \v 1st ]it 5s...dl988
Peo A Last 1st en 4s... L940
Income 4s
1990
CI Lor A- \V)i con 1st g 68.1933
CU'v A Marietta .svePenn ltu
Clev A- Malum Val g 58.. .1938
Registered
Clev A; 1'iit.s See l'eun Co
Col Midland 1st g 3-43....1947
1st gold 4s
1947
Colorado A- Sou 1st g 48. 1 929
Coluni & Greenv .Set; So Ry
Col * Hock Val See Hock Val
Col Conn A Term Sec
&
loo%
102
103
101
99
Jan
101
Oct
103',
101
99
'01
'01
:'s'.i
103'v
1051.J
99
loi'.i
L02
105«a
i'0'6"
ibo"
May'99
99
'OO'";;;;;: LOO
88
J'nc'oi
N'ov'99
105
Kov'01
105
I
1
•
w
:
.
.
M
N
W
Const ruction
J-J
J-J
130
A-O
Q
A-o
106
J-J
129
V arren 1st refgug3%s. 2000
Hud
1st
38
104)9 NoV'b'i
ioT'i ibiJi
98
9734
95
76
Nov'01
Pa Div
7s.
1
'J
J-J
J-J
FA
138>2
115
K-A
Alb
A-O
A-O
A-O
M-N
M-N
84
Sale
Sale
89=6 8816
84%
82»a
84
83
88
84%
13
89 34 157
7S
77
83
118%.
134
llS'o Nov'01
13s Oct'O]
139 Kov'Ol
140 Oct '98
.
130%.
130
118
13('. ; 's
...
121%
104
4
147"
]47'oMav'()l
149 Aug'01
114%.
Ui\i Dec'01
iiojfl
11(|78
ibo"*
109
52
151
116
U5h
1
-19
>a
1
Jan
'01
103i4
J-J
J-J
103% 103%
10314
110
llliaDec'Ol
100
108
J-J)
110> 8 110
LIO'4
110^
HIT
J-D
91
89>a
89^
90
Louisville Div gold 3%s.l953
:
<4
89 Ha
92 »a
147)9
102
J'ly'01
102
93
116
102
85
110
115
115
114
113
Dec'01
I12>2ll3
M-N
119^ 115
119
M-S 119
M-S 114
111
]_':;
A-O llO^j
Nov'01
Nov'01
115
119
100
112
110
119) g
121
111
118
1233, 124
107 108
139 143)2
13.V., 137
J'ly'01
Mar'01
Nov'01
14034 Dec'01
137 Kov'01
'1
108
141
M-S
J -J
J-.)
100% Sale
J-J
J-J
"89"' Sale
F-A
94 34 Salt
132
J-D
J-J
M-N 12 3*1.
Jell RB I8tgwg5s....al9(i'.i A-O 105 »8.
Long Dock consol g 6s. .1935 A-O 13514.
CoalARR 1st cur gu 68.1922 M-N 113
1st
IOOI4 100^
99 Aug'01
43
Erie
A-
Pitts
See
Eureka Springs
Evansville
F-A
F-A
9334
94 34
130>-jOct '01
03
99
82% 91
g
6s. .1933
92>9
96>2
Kan C & Pacific
Kan City Sou 1st
1
04
Oct
101
103% 109%
104
IOC34
115%115%
Aug'01
105% Dec
Mil
Mil
'01
104
107*2
101
106
102
106
102
Jan '00
100% 103
102)4 Nov'01
121 )4
.
May'99
90)4Apr'01
123
90
1013. 10]i4 .Aiiir'lll
10] '-oct -99
91
101>4l02>4
Vov'OO
114
114
Novo;
112%115%
124
May' 01
Nov'98
124
124
126
130
90
130
127)2.
124
]
Sep
123% 124
Mil
101)4 Oct '01
lOl^lOlU
106
Oct
100
i'05"
"ios"
ibe" ibs"
109
109
Nov'01
106
100)2
100% Dec '01
97
>4
105
123
109
Sale
99%100)g
72
M
K &T
'01
107)4
75
123
Dec'01
74% Nov'01
123
99
115%11C%
116)4
71% Sale
71
109
128
103
80
115)4 119
90
65
116%
71%
46
06%
7234
03)4 Oct '00
& Oliio See So By
Lake Erie& Wist g 5s. .1937
122%...
118>2l21
108 >2 110
Feb'01
109^ 110
115)2 Nov'01
115
111
94
100
N Y 1st gu g 4 >2S.1940
1940
V Ter Ry 1st gu g5s.l941
Registered
1941
Leh V Coal Co 1st gu g 5s. 1933
Registered
1933
Leh & N Y 1st guar g 4s. 1945
1173,
94
125
Iu834l09
112
101
Nov'97
125 2 Dec'01
109 Dec'01
123
107
1
Aug'01
114
Ill's
108 34
108
.
11834 124),.
117
110
119%
115%
110%May'01
110%110%
110% Nov'01
108 34 Nov'01
118% Oct'O]
109% Oct '99
1 09
J'ne'01
108>4lll%
108% 111
114% 118%
97
Nov'01
109
109
"bo" ibo"
1945
Registered
E1C&N 1st g 1st pf 68.1914
Gold guar 5s
116
119
101% Sep
1914
& Hud B See Cent of N J
& Wilkes b See Cent Of N J
Leroy & Can ey Val 6aJIoP
'99
Leh
Leh
See Krie
1st con
g5s.A1931
ftl931
121 123
l'2l) 4 122% 12134 Nov'01
104 ...
3
100 105
100 4 102% 102 Dec'01
105 J'ne'01
102% 106
103
loo Oct '00
102
99 >2 Sale
99% 99% 37 97 101
95
95
104%
95 Feb'01
193s
1922
1932
1049
Debenture gold 5s
193
Bklyn A; Mont 1st g 6s.. 1911
119
94
11034
107)2 112
.
.
118%
115%115)2
109<2Dec'UJ
65
110
10634
Registered
Leh
I
H584
U734
122%Dec'01
*118)2-.118% Nov'01
112 114>2 112
112%
2d gold 5s
1941
North Ohio 1st gag 5s. .1945
L Slio & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Kccisti red 5s
199
General gold 4s
Ferry gold 4 ^s
Gold 4s
Unified gold 4s
115 34
N
N
lst5s
116%
M
NorShB
1st
conggu5so]
112%
113%
.<;_
118
113
Sale
107
105
113
118
114
102% Sale 102%
Coll trust gold 5s
1931
Coll trust 5-20 g 48.1903-19] 8
Cecilian Branch 7s
191
E A- Nasli 1st a Gs
1919
Lex gold 4 s,s... 1931
O
1st gold Os
1930
113
100)4
H
113
LCin&
N &M
114
109% J'ne'01
109
112
1911
Y B & B 1st eon g 5s 1935
Y & R B 1st g 5s
1927
Louisv & Nashv gen g 68.1930
Gold 5s
1937
Unified gold 4s
1940
Registered
1940
126
111
.
.
115
113
1()0%
106
113
111%
108
130
131%
Jan
109%110
'99
MaVOO
Dec '00
118
Sep '01
112
121
103
111
114%
9934 104 l4
Nov'01
110% 11434
100»4
99
102
113
110
Dec '00
Dec'01
Jan '98
131%
130 "i3l"%
on Next Page.
Gns nnd Electric Light
Newark Cons Gas con g 5s 1948 J-D
N Y G E L H & P g 5s. -.1948 J-D 112 113 110 Nov'01
108% 116
Purchase money g 4a.. .19491 F-A
97
38 94% 98%
96% Sale 90%
Ed El 111 1st coin- g 58..1910M-S 107)4 Sale 107
109%
4 105
107)4
1932 J-J
1st g 5s
L Bee Street Ry
See
l'S&CCo
1923 J-J
95
Det Gas Co con 1st g 5s...l9is F-A 105
EdElilllSku SeeKCoELAF
Ed E Hi See N Y G & E L H A- P
Eq G L N V 1st con g 5s. 1 932 M-S 119
Eq G A Fuel See P G & C Co
GasA ElecBergCoc gas. 1919 J-D 75
«r RapG LCo let g 5s. ..11115 FA
£ C Mo Gas Co 1st g 5s... 1922 A-O
Kings Co ElL&Pg58...l:i;:7 A-O
Purchase money 6s
1997 A O 124
.
98
Lac Gas L of St L 1st g 5s.el919 Q-F 108
Fuel Gas Co See Peop Gas
•No price Friday; latest bid and asked
Mm
H5%Apr'01
H3%Mar'O0
loou
108
140
11 8>2 Aug'01
109 Oct '98
F-A
J-J
95
Kansas Mid .See St L & S F
Kentucky Cent ,S'ee L & N
Keok <fe Des Mo .See C R I & P
IQ5
137
Electric Light
EdElllBknlstcoug4s
Bee
1st consol gold 4s
CnGL&CCo SeePG&CCo
Detroit City Gas g 5s
109
113
gold 3s. .1950
123)4
Columbus Gas
Conn Ry &
Con Gas Co
109
<fc
W
MISCELLANEOUS BONDS—Continued
Gas and
17
'01
1951
116
11534 Sale
117
M-N 115!a
M-N
J-D 110
1921 J-J
1st consol 0s
let general gold 5s
1942 A-O
Mt Vernon 1st gold 6s.. 1923 A-O
Sull Co Branch 1st g 5s. 1930 A-O
Ev A Ind 1st con gu g 68..1926 J-J
108 34
115
98
1921
Registered
136% 136% Long Dock
Long Island
Penn Co
1st
& Terre Haute
681
104
L Son 1st gu g 4s.. ..1931
Jnd Bl & West See C C C
st L
95)9 101-4
'X>
89 >2 170
89
123 U 123 14
105 >a Dec '01
137 Nov'01
our 68.. 1918 J-J
2d gold 4%s
1937
General gold 5s
1940
Terminal 1st gold 5s.. .1 943
Regis §5,000 each. ..1943
WilkA Ea 1st gu gas. 194:
109% 108
St
.
N Y A Green L gu g 58.1946 M-N
MidRRofN J I8tg6s.l910 A-O
N Y Sua A W 1st re? 5s.l937 J-J
98%
105
105
Leh Val
.
MS
Sor'00
Dec'01
Knoxville
J-J *114
J-D
105
M
IO834IH
Dec'01
(.
101
1
104'8 Oct
102 Oct
Ind Dec AIsi g 58
1935
1 st guar gold 5s
1935
Ind 111 A- Ja 1st g 4s
1950
Int& Great .Nor 1st gOs.. 1919
2d gold 5s
1909
3d gold 4s
104>2
1921
111)2
Central 1st gold 5s. .1938
113)2 JeBerson RR See Erie
A & G R See L S &
S
Kal
an & -Mich See Tol <fe O C
96
K C & M K & B 1st gu g 5s. 1929 A-O
Feb'01
90V, Dec'01
Xov'(,l
70%111
102% Apr '98
GoM3%8
1951
Registered
195]
Memph Div 1st g4s...l951
150
111
113
'.1
1953
Registered
...
a
31
97%
Sale
ibi"ii6"
3%a
1951
Registered
1951
Gold 3%8
1951
Registered
1951
Spring Div 1st g3%8...1951
Western Lines 1st g 4s. .1951
Begistered
1951
Rellev A- (Jar 1st (is
1023
Carb & Shaw 1st g 48.. .1932
Chic St L<fc N O g 5s... 1951
Registered
1951
117%
J-J
M-N
108)2
W
110> 8 111'2
109)9 112'2
150% 153)9
151 151
Nov'01
Oct '01
DM
109
98%
.'
s7' v
87 'y
116
nmiin
HOT,
00
II
1951
195]
t< re ii
1951
1st gold 3ssterling
1951
Registered
1951
Coll Trust gold 4s
1952
Registered
1 952
1. N O it Tex gold 4s.. ..1953
Registered
105
Cairo Fridge gold 4s
1950
.
Imp
w
1
1st gold
1001,.
J*ne'99
L22
W
Dockcfc
i
I
138>9 136)3
1 IS '2 119'2
10 1'll04 34
;,
j.
1
lHteonsolg4%s.]:''.i
Elegistered
& J( V 1st ext g 48.. 1948
oust E &
Tex .SVc So Pac
lioust & Tex Cen Sit So Pac Co
Illinois Central 1st g 4s. .1951
136^140
Dec'01
Jlijjh
it
136 34 140>2
l'.i'^J'ly'ol
1
110
"
104)2 105
106
HI
a 58.. 1929
St Jo See Clliy
Han
ousatonic SecX VN
A
L17»4 123' 2
Kov'01
105
Sale
107
01945
(
Registered
Des M A -Minn See Ch & N
Des Moi Un Ry 1st g 5s. .1917 M-N 105
Det M A Tol Bee L S A M So
Dct A Mack 1st lien g 4s. 1995 J-D
90
Gold 4s
1995 J-D
DulA Iron Raugelst5s.. 1937 A-O 113
Registered
193 A-O
2d Cs
1916
Dul So Shore & Atl g 5s.. 1937
I^ast ol Miuu See St P i\i A M
Jast Ten Va & Ga See So Ry
Elgin Jol & East 1st g 5a. L941
Ehz Lex & 11 San See C & O
Elm Cort & No See Leh A N V
Erie 1st ext gold 4s
194
2d est gold 5s
1919
3d ext gold4%s
1923
4th ext gold 5s
1920
gold
6th ext
1928
4s
1920
1st consol gold 7s
1920
1st consol g tuud 7s
Erie 1st con g 4s prior.
Registered
1996
1st consul gen lieng4s.. 199i'.
Registered
199b
Pcun coll tr g 4s
1951
Bufl'N YA Erie 1st 78..1916
Bull & S \V gold (3s
1908
Chic A; Erie 1st goldSs.. 19.VJ
102
Bee so
See s 5
rand Bap a ad Bee Penn Co
Gray's Ft Term See st L s
<;t Nor—CBAQcoll tr4a 1921 J-J
129'2 130 12
96
81
87
58... 19 15
I
Midland DivregSs
St Louis Div gold 3s
l'-A
iii'i'i
So PacCo
L913
V G & -Nor
i.ouv & o.sv. egal
(j.j
17
Registered
1917
A Sua Istcougu7s.l900
Begistered
1906
Guar gold 6a
1906
Registered
1906
Rens A Saratoga 1st 78.192]
Registered
1921
Del Riv RK Bridge See Pa RB
Deuv A; K Grist con g 4s. 1930
Consol gold 4%a
1986
Improvement gold 5s.. .1928
Rio Gr So gu Bet Rio Gr So
Den & S West gen s f g 5s 1929
Des Moi A Ft D See C R A I P
Set
1
(Jila
79)9
129>aMay'01
Term & improve 4s
1923 M-N
K1112 A N V 1st 7s. .1 'Jut; A-O 116
A;
J
133
75
115
Syr
Del
s a
A:
11
113% 115 '2 Hock Val
135 h. Dec '01
98%
98
76
Apr 74
A-O 110%....
A
1923
1921
Registered
3
MS
5s
A
1
MA
A
1:111
..*.
1
Jl
5:?
J-D
J D
1st g 4s. lit 4:i A-O
SI I'
& G1 So Bee C
alias & Waco Bee
KAT
Del Lack
Western 7s.. .1907
Morris & Essex 1st 7s... mil M-N
1st consol guar 7s
1915 J-J)
Ri gistered
1915 J-D
Y Lack
1st 6s. ..192] J-J
Dak
-
i.mrRy .S'eeChes&O
104
100
]:i^>
Ala
At
-1
6s
.
115>2Oct'01
116%....
130 133 % KJl'jJ'ly'Ol
Ao hum
106
1943
1
a \ii 1st gu
Georgia Paciflo
W
N
Conn A Pas Rivs
Ji
.,
(
i
<
/.
JIkjIi
Mar
1:
Hai
al
«al
1st
KM
103
Di
Ft \V a
1
n
1
WA
Ga
MS
Cm S£
Cc c a
Fort si
I
)
1,
A ik Low
1
>a
,11!
a Mali
W
st
nee
P
SI
L918
land gr exl gold 5s.. 930
119''.,
l-t
Ill
a
I'.r..
1
-i
..
ix "III
A
lint
Bangs
11/117
1
\i
I
1
.
.
Hid
98
Mills loT'i
117
\'.|V'Ul
/
Jln/ll
87
1.
General - iL993 J 1>
Cairo n 1st gold 4s...
J-J
cin
a- m Dfvisi e
J-J
fct 1. Div 1st col tr g 48.. 1990 M-N
Registered
M N
Bpr .v Col Div 1st g 4s.. 1940
\v Val Div 1st •
J-J
C I st Lift (J consol 6s.. 1920 M-N
w
I
Oct '99
[00
103
See B R a p
Cleveland Cin CUic & st Loots
Clearfield
No
B9 3<
hs'-j
lu7',.J'ly'iM
.
1
II HI h
89%
.
W111. Ending Di
7
Week'i
stick EXCHANGE
N. V.
Fannary
[Vol. LXXIIi.
BONDS
ge
11
''
Bale
i.ii.yi
Ath
Dhica
l:-a
nr
Ore
2
90
Oct '01
94
105
118% Oct
'01
% Oct
'01
61
4Dec'00
107 3
124% 124% Dec '01
...
...
this
97% Nov'01
108
107=8
week,
a
94
102
103
106
1st consol cold 5s
1995| J-
122
103
J
NY&QElL&Plst con g5sl930F-A
Paterson & P G A E g 58.1949 M-s
PeoGas&C 1st gu g6s„1904M-N
j
'121%123
I
I
110%
107
105
103
104% 100
L&
d Due Apr
e
Due May ADueJ'ly
k Due Aug
104
J'ly'00
102% J'ne'01
118%118%
61% 102%
103 %
121
1213<
33 102
104%
107
2d guar gold 6s
1904 J-D,
1st con gold 6s
1943 A-O
Refunding gold 5s
1947 M-S
Ch G-L & Cke 1 st go g 58 19371 J- J
Con G Co of Ch 1st gug5s.'36 J-Di
Eq G&FChlst gu g 68.1905 J-J
I23J4 126%
MuFuelGaslst gu g 58.1947 M-N
96
97% Trenton G & El 1st g 5s. .1949 M-S|
P 1st sfg 5s. 1950 J-J,
12 107
110
Utica E
Western Gas Co col tr g 5s 1933 M-N
Due Jan
121% Apr '01
104
Due Oct
102% 104%
121%Dec'0]
106 Dec '98
110% Nov'01
120
126
108
111%
108
10434 110
102 IO534
108
Nov'01
IO534 Oct '01
109 Feb '01
1053.1
102
109
106
109
107% 107%
107% Jan '01
q Due Dec * Option sale
^ECKMBER
BONDS
\\
iTt.
STOCK EXCHANGE
N. Y.
t
i
i
i-ia
a B lstgua
I
5a..
•-
I,
A
Bdge Co gu
J.-ii
K N A A CD
>.
''
.
'
-
;
I
A
I.
w
-t-
Metropolitan El
Cent consol gold 4a.. 19
i
i
i
nil...
1
I
loo
105'-2 106'4 105'106
in.v, May'O]
J-J
llOHjSale
lld'a
lie,
[02"
1104112
I
115
lit.
;il
3d series gold 5s
Internal 1st oon g 4a. 19" 7
1927
Nat 1st gold 6a
2d inc 0s A rii siinpd..M91
2d income gold os B...A-191
M. \ North lsl gold 6s.. ..1910
.
'•_•
ion
'-.
lo7
105 '4
114
1174
li
i5
'-i
20
>
U lsl
J-D
u-s
Aug
J-D
•-'() '_
21
70
21
1
M
sl",
9]
B5
23
984
'
1034 ^pr'00
97
82
105
1920
Registered
1920
mt Br By 1st gn g 43.1919
Leroy<fcC V a 1. lstgos 1920
Pac B of .Mo 1st ix g 4s. 1938
2d extended gold 5s.. .1938
St L Ir M«fc Sgen con g 5sl931
Gen con stamp gtd g 5s 1931
Unified <fc ret gold 4s. .1929
d
1929
1st g 58.1921
Verdi V I A
Miss Kiv Bridge .See Chic & Alt
MobAi Bins iiriorlieng5sl945
Mortgage gold 4s
194o
Mob.lack&KC 1st g 5s. 1946
Mob & Ohio new gold 6a.. 192
1st extension gold 6s. Jil92
General gold 4s
1938
Montgom Div 1st g 5a. .194
i
W
100
LA
gu6a. L932
193
V
11
1940
1940
3
1
N
&
stni' 1st
l'ii
17
4
F'l' '01
1
U7'4
119
A-O
J-D
M-N
126
1234Apr'01
M-B
1
111
17
1
J'nedl
i:;i
1204
i
WSh
K-A
K-A
F-A
J-J
F-A
J-J
97
98
96 >2 97
81i4 Sah-
36
48
964
IOO'b
st
106
102
li^'iJ'ly'Ol
1104
91
Dec '01
i»l
12''.',
'-
Sale
1
'.j
1
1
1
2
1
::
'•
115
122 4123J 122 4
S7
liov
Oct
106
100
los
1
l2." Bs
123^
L194
1004109 4
100
1*074 Sale
1064"" 1074 28 Lbs" ii'o"
<i
68
I
Ul'4
N Y& U B
Z S a w
1154
115'-.
1
9378
9478
98
01
117
1
29
125
97
115
99
95 4
See
M
Co
South 1st g5a
Norf .«: West gen g6a
&
New
Hi
N it W Ry
sl
1
194]
J
exi g6a..l 93
68
L932
con g 4s. 99:
L99i
110
99
130
97
121
111
Dec'99
1014
95'.,
104
Prior lien ry & 1 gr g 4s. 1997
Registered
199
General lien ?Old3s
a20
Registered
a2047
1044
L02
.
103"4
•
1034.
99»4
1008a.
.
1014102
9«
Sale,
Be * Sale
107 7
106
1117
s
'-jllO^
1094109 4
1064
g6s.„.1923
St
1.2
96
I
J-D
1st s fund
f
1
4
Registered
1
'17
LOO
.
tfay'00
119
112
112 4
95
Dec '00
111
Dec'Ol
108
113
Dec'Ol
102
105
]
92
112
1154
4
I03*a
1
ih'.'i
111
99
97 4
97 4
97
112 4
J'ne'98
i.20"'""''
101
i
I
C St
L
coll trust reg.1937
A. P 1 st con g 68.193 2
Registered
&
1932
125
gu g 4 48 ser A. '42
1942
1
...
'.j
Guar 34s
Sale
4 Nov'01
102
Nov'98
1
1
2
.
1
1
1214 1204
123
-^
J
A
C
Bdge gen gu
1940 J
N AC
g4!-.s 1915
SI I. con gu gl s
SeriesA
1940
Series II guar
1942 A
Series (J griar
1942 M
Series 1) 48 guar
1915
Series K 84 guar g
19-19
122
122
121
Oct 00
102
Nov'00
115
Dec'Ol
es
PCCi
Pitts
1
KtW&
C
1st 7s...
2d7s
I
1912
J
92
Telegraph and Telephone
112
.
11".
.
-
3d 7s
/il912lA
4 924
iHIMCEM.ANEOl S BONDS-Coiilinucd on Next Pn«e
1
,
llo'. 111
Series C 34s
19Js M
Series I) 3 4s
1950 K
Erie & Pitts gug34s B.1940 3
9
4
L314
1174 Deo '01
1114.
103
CI
P gen
Series B
Mar'O]
92
99'i 102
112 4J'ne'01
1044
95
92 4
D
132 J'ly'99
22 4
114 Nov'01
100
'01
D(
105
102'i
9941024
iii"ii5' 111k Sep '01
loo
2 in
15
73
Vov'0
111 113
100 101
89
117>
1917
1st consol gold 4s
Wash Cent 1st k4s
194S
Nor Pac Ter Co 1 st g 0s..l933
100 3
LOO
96
954
157
1004 Nov'01
100
130
101
103
L0041004
97'.,
95«s
1
104
72
g44s..l917
Sink fund subsidy g 6s.. 1910
Penn Co gn Let g 44s
1921
1044108
Dec'Ol
m,,!.
105
4
724
1
Ore Ry & Nav See Un Pac
Ore RR & Nav See Un Pao
Ore Short Line See Un Pac
'.
Nov'01
v'01
102
NYC
1034Apr'01
10l|i„
'1
-^
10
104
Oswego & Rome See
O C F & St P See C &
05 78 Nov'01
100 Sep '01
no Dec'Ol
109 4 May'O 1
1034 Deo'O]
10:j'.. Nov'01
109 2 Sep '97
llll)'...
1
1996
certiflc'8..1923
Dili 1st 5s... .19.11
Paul&
Sale
Sale
73
g 58.1936
General gold 5s
1937
Ore & Cal See So Pac Co
126 4 1 30
111 116
1
101
100 '4
:
107 4.
L02
.SeeGtNor
St
Panama
110
let '01
I
103
107 4
NW
Coast Co 1st g os
1940
Pac
ac of Missouri See Mo I'ac
102k
02
112'jJ'ly'Ol
L34
134
L31
Oct '01
Nor Ry Cal See So Pac
Nor Wis See St P M <fe O
Nor & Mont See N Y Cent
Cin Bdge See Penn C<.
NO<fcN E prior lieu g Us pl916 A-O
1064.
Si
152
1
2d 5s
116*4
954
Jan '00
103
1034
101 4 J>
92.
g4a L989
P&NP gen
Registered
1274132
874
ill
108
Northern Pacilic
119
11441)04
844 96k
121
..'lv'01
102 4 Sale
1
gu g 5s
1st
100
1
Long Island
See So Pac
Improvein'i
100
200
& W See C C C & St L
Oind
hio River RR 1st
129
114
Dec'99
1
.
StPaul-Dul Div g 4s.. ..1990
129
Nov'01
97
Dec'Ol
Oct '01
Nov'01
129
114
113
22
1117
L07
103
BcioVANElstgn
1117
North Illinois See ('hi A- N W
1154 North Ohio See L Erie & W
<fe
1
1
114
113
LIS
15 4.
14-4
1
.
118
117 4
1641164
1004
97
May'O]
iss"
L82
129
'.
.
.
L30
Apr'O]
1004
tfeh'01
Coal and Iron
1929 J
1st g 4s. . 2897
A-
Registered
90
95
129
12508128
97 Sale
115
)
1
.'
L344
,
W
100
HO^J'ly'OO
118
J-J
1903 J-J
Gold mortgage 3 4s
199 J-J
Regist ered
199 J-J
Debenture 6a of. ..1884-1904 M-S
Registered
1884-1904 M-S
Regist deb 5s of... 1889-1 904 M-S
Debenture g 4s.. ..1890-1905 J-D
Registered
1890-1905 J-D
Debt certs ext g 4s
1905 M-N
Beglstered
1905 M-N
Lake Shore coUg 3 4s... 1998 FA
Registered
1998 F-A
Mien Cent coll g 3 4s.. ..1998 F-A
199s F-A
Registered
Beech Creek lstgu.g48.1936 J-J
Registered
1931 J-J
2d gu gold 5s
193b J-J
Cart & Ad 1st gn k 4s...l9Sl J-D
Clearfield Bitum Coal Corp—
1st sf intgug4sser A 1940 J-J
206
Y&
CC&T
90
McM
&
Nash Flor & Shef See D & N
New H & D &ee N Y N H & H
NJJunoRR See NY Cent
Registered
101
204
--
CB&QcoUtr4s
129 Sale
11234
N Y Bkln & Man Bch See D I
N Y Cent & H R 1st 7s.. .1903
100
!
Nash Chat & St D 1st 7s. 1913 J-J
1st consol gold 5s
1928 A-O
Jasper Branch 1st g 6s. .1928 J-J
MW<fe Al 1st 6s.. 191" J-J
T P Branch 1st 6s. ...191 J-J
Sale
Sale
ill
Registered
Nov'01
90 ...
894
103 ...
100
May'01
10»i4107i4 I0014 Deo'Ol
105
115
154 Nov'01
118
llt> 34
117
1174 123 114
91
loo
g la.1903
i.
.
i
1
i
Nor&
117
100 4 Sale
:
113
113
small oerta flOO
jatOniO It eon e 5s.. 93
Derby eon g 5s.. L918
N
N K 1st 7s
1905
1st 6a
1905
X V & North See N V C<8s 11
ret 1st g la. .01992
\ vo A,
Regia 95,000 only
ol992
N y ,i; Pui See n'y C& u
1114 N Y Tex
107
114
'01
106
12
Sale
Ill
ins
lo7
1922
gD
1st g 48.1937
Il,t liar lsl
tS
110
98
F-A
'
98
96
99 84 105^
974
M-S
Q-J
81
110
ll-".'
g Is.
;
<S'ee
& Tel coll tr 4s
l:i\
llll;
olivel't dill
N H
Deo'Ol
98 Sep 'ill
105 »8 Deo'Ol
D4 7s Sale
M-S
96 34
81
9s
75
97
J-J
J-J
J-D
904
L034
P8
L03 34
A-O
A-O '1154118
J-J
J-J
J-D
Nov'01
Apr'01
...lo;: v 103
J-J
J-J
no
2000
i'.
(
l
1
...
N'VX
.103%,
J-J
llo
vOV'OII
Chic a si i.
192.7
Registered
\ v & Green-w Lake See Brie
liar Sec N V O A II ml
17'-
r.;i\
'
-'-'
1204
103
41
'
13]
'-j
irlls. r.is.i
Registered
A-
127
inn', \.,i 01
lol
1104-
V & North 1st 5s... 1927
R WivOeon lsl i\t 5s. 1922
Oswe <t B 2d gu ^ 5s.
It WA OT R 1st UN g 58.1918
119
122 4 Feb '01
4
120 H:
103 Sale
17
-
118 a8 l"
1224 N Y&
1234 \ v Lack & W See \> k.V; \v
122 41
4 N Y L li* W See Erie
1164 l-'K'i NY* Long Br See Cenl ofNJ
N v a- n
See s x s ll All
97 105
1
1
Harlem g 34s.. .2000
<v-
117-1
IOIA3DH
inn
1902
1909
Registered
('
117
1
g6a 191s
1-1
OOBSOI 7s. 1902
1st
117 6e U
',
L934
lsl 6a..
1st
N
5
i2.s".J'iY.'ni
•pi (li
ed
n X
'-•
May'00
J-l>
J-l)
Mohawk* Mai SeeHYC&H
Monou^auela Kiv
B&O
Mont Cent See StPM&M
Morgan's Da & T See S P Co
Morris & Essex See Del D & W
Registered
Erie T & I col
RB
C'l
1
guoSe
1st
It
N V
Cairo gug43....1931 J-J
St
Collateral g 4a
el930 Q-F
Telep
1;
1104-M.n 00
1
1931
1931
Bat
Nov'O]
Nov'01
I
--
Is
r'ly'01
A;.M
4s.. .1990 J -li
j/1990 K-A
1st coll gold 5s
Comni Cable Co
,
Os
5s
27
18
11
1-
oonsol 5s
1st
1
i
I
Lsl
Pitts McK«S
2d guai 6a
Itn-a
M K A- Tot T 1st gug5a.l942 J-D
Shei Sh & So 1st ir n g 58.1943 K-A
Tciio& Neosho 1st 7s. ..190; J-l)
Mo K <fc E 1st gn g 5a
1942 A-O
Missouri Pacific 3d 7s
190C M-N
1920 M-N
1st consul gold lis
stamped.
a.1917
M-S
Trust gold 5s
al917 M-S
Beglstered
Am
1
red
1
Mahon
1
B34
82
29 4
20
MS
L944 M-N
Dal it Wa 1st gn g 58. ..1940 M-N
Kan C .t Pac 1st g 48.. .1990 M-S
New
1
Mont
I,
.
.t Tex 1st g
gold -Is
1st exi gold 5s
i'u
KaA.'
102
'
'2.1
.v
....1997
old 34*
1997
Registered
Del -M011 ,v Tol lst7s
W
l>
&
11
1
1.
See Erie
8ee st
^
100
(
I
\
Noi
R galat^
Registered
Lake Shore consol 2d
N V Cent
Mil LB A
S«< Chlo.fi N W
Mil 4 Mad See Chic a N
Mil A North See Ch M A St r
Mil it st i' SeeCli Id A S1 P
Minn * St L Lat gold 78..1927
Iowa Bis Let gold 7s
1909
Pacific Ex Lsl gold 6s. ..1921
Soutli West K\ 1st g 7s. 191(1
1st en n sol gold 5s
1934
1st and refund gold 4s.
9 19
Minn A SI L gu Bee r. K a N
MA; I* 1st ."is si pit Is mt gn 193tf
MSS M a llatg4 mi gn 1926
M st l'.tss M con g 1 mi go. '38
Minn
Mo Kan
.in in
1917 A '
1919 \ O
Mex
Mex
•
.1
MeKeisA
Sale
Sale
l-ii
llo
N
Mieh Cent
1
N'.i
•
ontii
it
lsl
1
1st
Weal Shore
15
17
1
J-l'
consul Income g 3a
Ply
9d oonsol Income g 3s..al939 •ii.v
,">s
II
ls«
I
Mai
.V.
\
1
Ili<
734
Mar'O]
A-O
A-o
1st
Equip A Ml] gold
i
1
loo'j
t< 11
\i.im. Dl
1
a
-fin
.0IIV0.
\
Moll
Dec '01
115
Ig
4 120
\uli>:
rov'oi
ill
i
i
83
w
A.ug'01
N
llirlll
vtar'01
'i
J-J
SI
784
101
110'-.
19
wiik
\
ft
See
Hex
Micho hi
Mill of N J
Deo '00
Jan HI
BTOI 8
v,
1
l<<i
I
1
li:.
l.'O'i
113
N V Oenl
5m Man By
V
ii
V
i
High No
120
;,
j
\
January
Ask Low
1301
3
B4INDH
Rat
§-;
MS
anhattan Ry oonsol La.l99u
1990
Registered
Metrouol El 1st g 0s....l90s
Man s
Colonli g5a ...1934
McK'pl
A
i
MS
-•
I
1
1910 A
Is. .1946
Sm LSd
Million Coal
Ms
Ms
MS
MS
MS
5a ,.193'i K-A
1921 I' A
Pells A All
B a N Ala ood gu
Sink (and sola 6s
'§-
Last
IK ENDING DBO. 20
I
Hid
Louis\ A Naahv ( Continued
120
L93I J-J
N 0<I m 2d goM 6«
11 -J
Penaacola Div gold 6s.. .1920
124
st i. Div 1st B«Id 0a
L921
1980
2d fold 3a
elatatg 6a. 193
Hei
Koni ucky rent gold 4a.. 198' J-J 101
m 1st - 4s 1945
\
m
a
a
I. a
N
Weeks
Bange or
,
rlday
— Page
(Jontinued
!
81, 1901.]
Q
2397 CJ
tr g s I 6s.. 1926
Met T <fc T 1st s f g5s
1918 M-.\
Mut Un Tel Co See West n On
N Y' & N J Tel gen g 5s.. 1920 M-N
No West 11 Teles See West l'n
West Union col tr cur 5s. 193s J-J
Fd and real est g 44s. ..1950 M-N
Mut Un Tel s fund 6s. ..1911 M-N
North western Tel 7s
1904 J -J
loo
L004 May'O]
1004 Oct '00
109
Ill
.1
L004 L02
(
Oct '99
Nov'01
Col Fuel CO '-'in gold 6S...1919 M-N
Col F a I Co gen a t g 5s.. 1943 F-A
De Haldol A
A-
114
114
1134 Oct
113
108
1124
.
.
•
1144
100 4
111
o;
1134117
1144
11
108 4
LOS
111
J'ne'O]
1
GrRivCoalA 1st g6e..l919 \
Clear C A Clstg Ba.1926 J-D
15*8
116
I'.i'j.,
!
RochA
Pit ('A
Div
M
Co
Co
CO
Mniiulin tminir
101
55
this
week,
Sep '01
Nov'oo
o
Due Jan
10'
1014 Amer Bievele
58.1946 M-N
r.s...
19
1
J-D
A
D
68.1922
1910 F-A
g 58.1919 J-J
s
H07
1114
Deo'O]
..
Ill
112
111.'.
.1
g
104
.
1
A
sl
32
Jan
I
Industrial
debeu 5s 1919 M-S
Am Cot Oil ext 4 4s
1915 OK *
Due May (/DiieJ'ue /iDuoJ'ly p Due Nov
101
e
in
gn
1st
I
4s
J-D
J-J
consol Os.. 1917 J-J
1st
Bare A
Wli L E A P
SeeTCI&R
Clear! Bit Coal See N Y C & H
Col C & L ext 1st con g 6s. 19021 F-A
pur
i
lie
CahCoalMin
I
sun ck Coal 1st g s
Tenn Coal T Div Lst|
Bum
.
j
...
I
Can C
Conl and Iron
ColC& IDevCo gug5s.l909|J-J
* No price Friday; latest hid and asked
1
105
1
I
2d gold 5s
-
1054
60
61
1004 100
loo
60
1
s
Option
sale.
55
99
82
102
4
Bond Record— Concluded -Page 4
1302
BONDS
U
Price
STOCK i:\ciia
N. V.
1
ENDING DBO. 20
I.IK
1
A ek
Feim
llli 1st real est
906
Consol Bti ling n
< ion
currency r.s reg.. .01905
Consul gold dh
1919
Consol gold is
L948
Alli-ir Val gen gn g 4s..
Gl 4 .Mar 1st go g4%s.. L986
Di: u it a Bge 1m
or it a ei 1st gn - t'-js mi
Ssiin A i.rw is 1st g is. .. 986
.\
.1
RR & Can gen 4s.
Pcocfc Easl
PeoA
2«l
Bee
in
gold4%s
IN k
I'.M
COCA 81
g
....
L07
]
I -J
1
38
L 18
1
i
6
Kcb'ol
120
127
12»4 I" 0*01
S'ov'01
108
114%
110%
114
Pitts
Pitts
1943
1st consol gold 5s
Pitts <fc West 1st g 4s
1917
(Jo certis
JP
Pitts Y
Ash 1st con 58.1927
Oct
120
'01
.
<
118
118VaSep'01
9b J'ly'97
.
.101% lOlUOct'Ol
M&
120
1
99 % Sale
1997
1997
101
Ha
2 IHj
Mar'01
98 34
99V
Apr '01
92
D H
Pvich & Dan See South Ky
Bich Ai Meek See Southern
cfc
101% Sale 101>4
94
95
107
97
97
S3>a 85
&P
N Y Cent
See B K
See
Rutland 1st con g 4%s
1941
Rut-Canad 1st gug4%s. 1949
Tus & H See Pere Mara
Sag
alt Lake C 1st g s f 6s. .1913
101%.
8t Jo&Gr Isl 1st g3-4s.. 1947
St Law & Adiron 1st g os. 1990
•2d gold 6s
199G
St L & Cairo See Mob & Ohio
St L & Iron Mount See
P
105 Feb '01
84 Nov'01
93 34 Nov'01
101 h Nov'01
97
35
96
90
102
Aug'01
Oct '01
Nov'01
94
117%122%
ol
B
1906
1906
1981
1931
1st trust gold 5s
19S7
St L cfc S F lilt gold 4s.. 1990
Sontlnv Div 1st g 5s.. 1947
Befunding g4s
1951
Registered
1951
St Louis So see Illinois Cent
1st g 4s bd ctfs.1989
St L S
'2d g 4s inc bond ctis...pl989
Gray'sPtTerl8tgug5s 1947
St PatU & Bui See Nor Pacilic
St Paul
& Man 2d Os.,.1909
1st cousol gold Os
1933
.Registered
1933
Sale
132
.
110
Dec'01
110
110
mHsDeCOl
116%.
97 %
97 % 98
97% 98
W
96% Sale
79
79 Hi
116
HO
117 Dec'01
102H2Oct '00
9GH2Oct'01
100 hi Sep '01
97 34
98
Mb
Mb
Mb
&W
79Hj
48
106
lOO^Dec'Ol
.
129
140 hi.
Apr'00
124
128
140
115
124
124"
120
Apr '99
.
95i4
71
101%
82%
.
112
.
127«b
.
1934
112
93
Jl-S
111
.
.
87
'105
100
Southern Pacific Co
2-5 year coll tr g4%s
1906
Gold 4s (CentPaO colL.A;1949
Begistered
fcl949
1st gu g 5s... .1941
cfc
Cent Pac 1st ref gu g 4s 1949
NW
1949
Mort guar gold3%s..fcl929
A1929
1st g 6s.. 1910
1905
Gal Har & S A
2d gold 7s
Mextfc Pac lstg5s.... 1931
99*8 Sale
92% Sale
1st gold 5s
120%
116
102%107%
106
110
106
106
Wist
gold 4s. ...1917
Tol St L & Wpr lien g 3 %S.1925
1950
50-year gold 4s
Tor Ham & Buff 1st g 4s.7il940
1928
&
Del
1st
con
5s
g
Ulster
& 1 gr g 4s. .1947
n Pac
P<fe
RR
Oct'Ol
Apr'97
Dec'01
194
1911
1911
Ore Ry & Nav 1 st s f g 6s 1 909
Ore Ry it Nav con g 4s. 1940
Ore Short Line lstg6s.. 1922
1940
1st consol g 5s
140
132
124
121
1
105*4
105
Non-cuminc A 5s
& Nor 1st 7s
TJtah
Ang'01
104
111
110% 113%
iss"
126
1
123
ISS
1
1
%
1
137%
Aiig'Ul
L0%
Jan
113
ll-i
90
89
89
107%
D< '01
l"7's
109
UecOJ
120
107
109
Nov'oo
13
I
107" io's'
107%1
1
1
110%
110
.
111
.
.
11
05% 107%
7 7%
91%
llo%114%
2j 107 1 1 %
06% 108 '4
1
:1
1
108
13
'01
101
1
109
lU^Ott
108
109
119
120
ioo%m
-
01
110
114'4
Apr'nl
lOOi* Nov'97
110
110%
110
112%
.
i'23'4 Sale
113
....
101 Sale
120' 4
90
98
103% 111%
ly'Ol
124 15S 111%
Nov'01
116
1 2
6
109
100% 101
12 96
:_..
120 Mar'01
10
96
96
120%
124
120'.,
120%
1
112
'...;
121
J'ue'Ol
119
Nov'01
120% Sale 120%
101
120
90%
119% 121
117%120%
120%
117
r,
121
Nov'01
111%116%
12*%
127%
128H
127%
96% d7% 97% Dec '01
124% 128%
124%129
95
97%
123% Dec'01
121
124%
114
128
127
...
....
123% 125
101'4 J'lv'00
110%
109
111%
107%
106
110
Oct '99
Sep 01
Oct'Ol
Aug'01
114
113
115
114
117
110
91% Sep 00
120%Nov'01
116
120%
110% Dec'01
83 Dec '00
io7%io8" 107%
102
114
117
116
115%.
116
.
"92";
120%.
117
J'ly'00
115
113
115
M-S
104
119
97
Feb '01
104
104
111
115
J'ue'Ol
.
87
87
91% 91%
J.J
J-J
A-O
97
J-J
J-J
91
A-O
J-D
J-D
J-J
J-J
100
100
119% 20
Sale
5% 120%
100
110%111
113 117%
112% 115%
103 108%
Nov'01
Nov'01
97
107
97
95
93% Dec '01
81
99
104
Dec'01
111%...
J-D
101% 102^ 101% 102%
128% Sale 128% 128%
119% Sale 119% 120
104
103% Oct '01
122
2
106% 3476 103
110
«5%
100
106% 109%
106% 115 103%107
1
104
104 106%
J-J
119
96
73
98
82
Nov'01
101
109 14 10 c'% 109H
106% Sale 105%
99%
93
Dec'01
93
81
100
M-N 106% Sale 105
M-N
FA
11
Dec'01
112% Nov'01
A-O Ill
J-D 103%
irginia
VV
See South Ry
1939
1st gold 5s
Mid
110
Si-
129
110
101%105%
130
121
103% 106
117 119
113 113
125
115
117%J'ne'01
113 Mar'01
M-N 118% Sale 118
112% Sale 112%
1939 F-A
A
1939 J-J
Series B
1939 J-J
Det & Ch Ext 1st g 5s. .1941 J-J
DesMoin Div 1st g 4s. .1939 J-J
St Chas Bridge 1st g 6s. 1908 A-O
Warren See Del Lac & West
Wash Cent See Nor Pac
See Southern
Wash O &
WestN
Pa 1st g 5s. .1937 J-J
Gen gold 3-4s
1943 A-O
2d gold 5s
Debenture series
W
Dec'01
112
113%116
116%
VerVallnd&W SeeMoP
'
106%111
119% Sale
Uni N J RR & C Co See Pa RR
Utah Central See Rio Gr Wes
Utah & North See Un Pacific
Utica & Black R See N Y Cent
\I 7 abash
95i.
94
Y&
Income 5s
</1943 Nov
99% 38 95% 101% West No Car Sre South Ry
92 34 279 88
91%
95% West Shore See N Y Cent
89 Oct'Ol
89
89
W Va Cent & P 1st g 0s..l911 J-J
65%Salb
111
95
97
118%
113%
16
Dec'01
100
64
111
98
66%
1435
Oct'Ol
Sep '01
110%Dec'01
121% Sale 121
100
35
Sale
12114
99%
40
120%
107%114
96% 102%
ll 117
100
Mar'01
40
110
95
110
70
111
119
95
31
122
98%
112
100%
40
99
Wheel's & LE 1st g 5s. ..1926
Wheel Div 1st gold 5s. .192b
Exten & Imp gold 5s. ..1930
1st consol 4s
1949
Wilkes & East .Sec Erie
108% 113% Wil & Sioux F See st P M & M
Oct'Ol
106
107H2Oct '01
111
107^ 106
....
ii':;%
110
116
Nov'01
J-J
ftl946 Sep
1908 J-J
1926 J-J
111 J'ne'01
96 111
102 '3 102^ 102
102% 145 100 103!4
99%J'ne'00
86 34 Sale
85%
80 34 13 83% 89%
lllk....
.rii.'oi
iio"
116
114
J-D
W
See Sav F ifc
Sod Bay cfc So 1st g 5s
1924 J-J
So Car cfc Ga See Southern
137
"5
114%Nov'01
Mar
104 34Feb'9S
113
i
Li
A-O 114%.
FA 115%.
A-O 112
20011
116%116%
113 34 Dec'01
126H2Jan'00
123 Dec '99
95 J4 Nov'01
111 Deo'01
87 Aug'01
91%J'ne'01
W
Registered
1
2d gold inc 5s
?2000
La Div B L 1st g 5s
1931
1935
Tol& O C 1st g 5s
Western Div 1st g 5s... 1935
115% 118%
19 '""
General gold 5s
139 142
Kan& M 1st gu g4s....l990
Gold 5s
109
Begistered
.
Registered
1st lien convert 4s
Registered
St Jolm'sDiv 1st g 4s. ..1934
Ada Mid 1st gu gold 5s.. L928
Bruns &
1st gug 4s. .193b
Sil Sp Oca & G gu g 4s. .1918
Scioto Val & N E See .Nor & \V
Seab cfc Roa 1st 5s
1920
Car Cent 1st con g 4s. ..1949
Sher Shr & So See
K cfc T
A
Pebo & N See M K & T
1 er A of St L 1st g 4 %s. 939
1894-1944
1st con gold 5s
St L M Bge Tergn g 58.1930
Pac
Co
Tex & N O See So
no:.
Tex & Pac E Div 1st a Os
113% 116% Tol
1
.
111 %
106*|
W
ANY
See So Pac Co
M
112
li,<ih
r
91% 102
100% 100%
97% 98%
115k 115^
116%Apr'01
116 * HGk
106 Ha Nov'01
100 May'01
*.
1st sink 1 g 58.1919
1st gold 6s.... 1934
SilspOca&G
W
N
M
1st gold 5s
MS
. .
96% 194
96
79
IOIHj.
1
10378
Registered
193
1st guar gold 5s
198
Kegistered
J 93
Will & S F 1st gold 5s.. 193b
Registered
1938
St P <fc Nor Pac See .Nor Pac
St P cfc S'x City See C St P
cfcO
Sav F
J
II
/.„,.
20 105
06
1st
Tex& N O
. . 1
117
H514II6
4%s..l933
Registered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
1937
Registered
1937
E Minn 1st div 1st g 5s. .190b
Registered
190b
Nor Div 1st gold 4s.... 194b
Registered
1948
Minn Union 1st g 6s
1922
Mont C 1st gu g 6s
193
8A& AP
S F cfc N P
.1
1
gug 4s.. ..1937 J-J
lst7s
L905 FA
Sabine Div 1st gOs.... 1912 M-S
113%118%
Con gold 5s
1943 J-J
Southern— 1 st con g 5s
1994 J-J
99 101 •,
199) J-J
Registered
10 98 101%
Mem Div let g 4%-5s... 1996 J-J
121 121%
1951 J-J
St Louis div 1st g 4s
191b J-J
184 92% 99%
AlaCenR 1st g Os
92
92 34
Atl& Danvlstg4s
1948 J-J
Atl& Yad 1st g guar 4s. 19 49 A-O
Col & Green v 1st Os
1916 J-J
E T Va & Ga Div g 5s. 1 930 J-J
69 98% 103%
Con 1st gold 5s
1956 M-N
ETen reor lien g5s
93% 96%
1938 M-b
90
90
Registered
105 105
1922 J-J
GaPac By 1st g 6s
Knox & Ohio 1 st g Gs.
80% 36
925 J-J
92% 94%
Mob & Ohio coll tr g 4s 1 938
193b .M-S
Registered
1915 J-J
Rich & Dan con g 6s
Equip sink hind g 5s. .1909 M-S
10114 101%
1927 A-O
Deb 5s stamped
Rich& Meek 1st g 48.. .1948 M-N
So Car & Ga 1st g 5s. ...1919 M-N
89% 98
Virginia MidserD 4-58.1921
Series E 5s
1920
1930 M-N
General 5s
Guar stamped
1936 M-N
1st cv 2-11 4s. .1924 F-A
O&
West N C 1st con g 6s.. 1914 J-J
S &
Ala See L & N
110 114% Spok Falls <fe Nor 1st g 6s. 1939
110 114% Stat Isl Ry 1st gu g 4%s..l 913
125 136% Sunb & Lew See Penn RR
112%119
See D L &
Syra Bing
116 Nov'01
140% 140% 140 Dec Ml
137 34Feb'99
to gold
8FePres& Phlstg5s...l94
12
Ao
92
. . 1
M
Beduced
110
i-ii'
"ii.2%
13
1
1
109
114'4.
W
M
StLKC&N Sec Wabash
St L M Br See T RK A
St L
St L & S Fran 2d g Us CI
2d gold Os Class C
General gold 6s:
General gold 5s
'
1
SP Coast
120
120
j1
toe
Stamped
1906-1987 M-N
SPaciifX MexlBl g6e..l911 J-J
i!
y.ou>
10IJ1..O.
.
Bio Gr West 1st g 4s
1939
Consol and col trust 4s .194!)
Utah Cent 1st gu g 4s.al91
Bio Gr Juno 1st gug 5s... 1939
BiogrSo 1st gold 4s
1940
Guaranteed
1940
Pitts
^
101
&
Bome Wat & Og
109
T
AKk
Bid
106
NY'i'<V.Mcx gu 1st g 48.1912 A-O
.N'ii ui CaJ 1st gu a 68.. ..1907 J.
Guaranteed gold Os
1938 A O
192" J-J
Ore <fc Cal Isl
S A <t A Pa8S si gn
Is. 19
J
bo I'ni Argu 1st r 6scl909-10|J-J
b P ni Cal Isl g Os
1906 A-O
st g Os series B
908 \ o
1st g 6e series GA d.iooo A-O
1st g 6s series K* F.1912 A
1912 A-O
1st gold Os
1937 MN
1st con guar g 5s
1
107 \i Oct '98
123ia.
<t
Jan
N
let c Uh '30 M-.\
1st 7s. 191 > A-o
1
Nov'97
137
L Erie -2d g 6s...ol928
McKcos & Y SeeN V Vn
SI, ,t 1, E l8tg58...I'.M()
.See
133>4l33%
ran '01
Ool '00
101
L27
1
114%117
Pittscfc
a Os mt miar... 19
tola i:. mi guai ..19
"I
nee
20
N
gu..l9
mi
1
ion
'
r.'.'i
!
L920|j.J
U7"May'06
124 % 127
1st
it-rod
A
I
Morgan's La
>
29i.2 131
onttn
f<
gu g5a
si
1
112%
112
Dec.
M
33 M
EA W
gu g 6b redeemable. .1933 M
N
.us
Waco* N Wdlv
I.
68.. -.1921
Reading Co gen g 4s
1.
Gen
Jan '01
112
.
llb%.
I
VGA
Gila
Hange
Wetkf*
Friday
n dec. 20
1
Southern Pac Co
111'.'-.:
.
H»
107
Pitts Ft \v ,v- Ob Bee l'l-un Co
Pitts June 1st gold lis
L922
Boch &
,
Nov'97
H2'i Mar'00
61921
L920
bar
:
102
g 68.1939
SagTuaA ii 1st gug 48.1981
Fine Creek reg guar 8s... 1932
Pitts (Jiu & St L beo Pouti Co
Pitts Clev it Tol 1st g 6s. .1922
tfc
I":i
'
1st cousol gold 5s
Rensselaer
how Ihqh
11
PereMarq— K& I'M g88.
rt Huron Kiv
.\t.
111
Nash
Bee i.<v
1st
High
,..x
ui
1st
i
l
nr
January
1
1
l
i
1
/
I
i
Penaaoola J a
1.
lu9%H2
g 48. 1923
lis
i
<
JTice
.'•IIAXCK
ET.T.B
or
30
J)rc.
BONDH
Ha
Wet
Range
(doji
[Vol. LXXIII.
115
J-J
113
F-A Ill
M-S
91
W
107% Winona <fe St P See C & N
107% Wis Cent 50-yr 1st gen 4s. 1949 J-J
106
loo
113%113%
117%
111%116 34
113% Mar'01
A-O
115
92
90% Sale
112
113
112
91
Oct '01
May'01
112
J'ne'01
112
S9
Dec'01
112
94
90% 85 85% 92%
90
MISCELLANEOUS BONOS—Concluded.
Blanuiactui'inx
& Industrial
Am Hido& L 1st stg6s.. 1919 M-S
Am Spirits Mig 1st gOs.. 1915 M-S
Am Thread 1st col tr 4s. 9 J-J
. . 1
&
80
Distilling of America collateral
1911 J-J
trust gold 5s
Gramercy Sug 1st gold 68.1923 A-O
1910 J-J
111 Steel Co deb 5s
1913 A-O
Non-conv deben 5s
Int Paper Co 1st con g 6s. 191 F-A
Sale
92
80
92
80
90
75
90
1
S Car Co 1st g 6s.. .1942 J-J
Cousol Tobacco 50-yr g 4s. 1 8,5 F-A
Bar
Miscellaneous
90%
04%
Sale
86
Sale
98
85
1
105 Jan '00
02 '4
04%
1205
erry
.!<• cfc
i
90
•*•
100%
110%
85%
86
99%Apr'()l
99 Jan '99
100%J'lR-'Ol
110
110
62
82
90
iiio"
98
108
91
93
107
92
54
Aug'OO
Nov'01
Nov'01
105
86% Hack Wat Reor 1st g 5s..
100% Hoboken L<fe I gold 5s.. .1910
.Mad b(| Garden 1st g 5s.. 1919
ioo% .Man Beh H Lgen g 4s.. 1940
111
Newp N'e Ship DD5sdl990
X V & Out Land 1st g68..1910
cfc
<fc
107
110
91
96
fc9
t.
-±
1l
»
l
a
>..'
fc
t
»
5s.. .1910
V-J...J.»'4.V
76
.....
Sale
34-'s
34%
104%
103
109
S3%Oct'01
78
111
104%
76
111
29
76
Mar'01
83
68
111
29%
29
90
Oct '99
91%
35%
J-J
M-N
M-N
M-N
J-J
F-A
lilt SeourCo 50-yr g3%s.l951 J-J
St L I'er Clippies Statu cfc Prop
Colstg4%s5-20 year.. 1917 J-D
s Yul.a Wat Co con g 6s. .1923 J-J
Sp Val Wat. Works 1st 68.1906 M-S
54
46% 72%
<fe T 1st g 6s.. .1940 F-A
54 Sale
Income gold 5s
1940
5% 12
5% 6% 0% Deo '01
1 1 2 %
llll'Ull ."«!
Mar A.
11
».J._ -^
113
AJU
1st
LeathCosfdebg6s..l913
M-N
11
112%
\SV B UCIF ^U3.. li'lU Ifl
1 1 £ ^i
CJJJ.J1!'
5 \a Vermont
tJS
V UClUH
* No price Friday; latest bid and asked, a Due Jan 6 Due Feb dDue Apr (/ Due J'ne A Due J'ly
Stan Rope
105
Co 1st con g5s 1948 F-A
BklnWA W II 1st 5.s tr etis..
Bt Yard eol g 58.1915 j-J62% 07 % ChiC
Det M & U id gr S%8 8 A.191 A-O
Knickerbocker Ice (Chioagol
1st gold 5s
192S A-O
Nat Starch M f g Co 1st g 6s 1920 M-N
Nat Starch Co s f deb 5s. .1925 J-J
Adams Ex col tr g4s
1948 M-S 104
Am Dk <& Imp 6s See Cent N" J
....
91%
91%
91% 91%
Feb '97
101
113% J'ly'00
••••• •••••• ...... ........
Due Aug n Due Sep p Due Nov
10
g
. . . .
Due Dec
s
........»••
Option sale
December
Volume
1HE CHRONICLE
31, 1901. J
Business at Stook Exchanges
of
TRANBAi riONB
1
THE M« YORB 8TOOB EXCHANGE
WEEKLi and YFARl.l
vi
DAILY,
Hceh tndtng
I? at
I
1-
Thursday
l
Friday
$1
it ',<
&a/e* a/
Stock
1.
'JOT.
tndtng Deo 20
v
u
— No. shares
Par value
Bank
.'.no
•J.
8120,000
i
Dm
to
#137.07:")
mis. bunds
1
1
Provldenci
14.207.500
$14,828,000
#27.944.600
#978.073.270
\. h
;.i>
66,840,880
2,066,700
541,128,700
$1.8;
a C
See
A
H oston
1
40
96
...50
1
;u» stock
.
.
'
$550,036,030
EXCHANGES
13.417
26,240
36,728
26,983
19,342
25,098
Monday
Tuesday
.
.
Thursday
Bond
Unlisted
shares
Listed
shares
Saturday
Wednesday
Philadelphia
Boston
Dec SO
19U1
Listed
shares
sales
$94,100
73,210
105,950
10,688
2 1,5 19
33,923
19, 689
27,346
19,444
166,1 15
13,588
30,082
19,016
28,079
83,300
117,050
36,646
Vn I isted
Bond
shares
sales
$91,500
102,922
80,700
61,000
145.500
38,100
3.743
2,620
3,955
2,922
2,120
2,380
12,05 a
-
1
97 h
A
m
Diamond
<i
i
I
Exoh
list
Dominion Secui
38
40
Electric Boat
Prefei redj
Elect rio Veniole
107
107
66
111
18
Tcle«r A. Telephone
Am, r Dial t. ' N S*)100
BeUTeleuhol Buffalo loo
lentral .v So Amer.. .100
Poto Teleph.,100
J-J
105-V
1909-29
100 175
Commercial cable
Commer Un Tel N X 1.25 115
Fmp A- Bay State Tel 100 78
oston
Erie Teieg A Telep
47
Fianklin
100
stuck
Gold &
100 120
•l'-.s, 1905
Hudson River Teleph 100 104
.Mexican Telephone 8ti Bosto
New Eng Telephone See Bosto
Northwestern Teleg. ..50 122
N Y.t n j Telephone 100 167
M-N 111
5s 1920
78
Pacific A- Atlantic
25
Providence Telephone. 50 t 98
Southern & Atlantic. 25 100
5
Tel Tel Ji Cable of Am. 15 t
i.'hes a-
loo
1'n u
98
-J
las -6a See St'*
I'
11
90
i
00
1
oiii ini d
60
95
88
15
.1
I(
1
1st
<
J-l'
1946
I
1
III 101.
.1
1st 5s
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Week ending
11
1
loo
-
-.
109
Man
LOO
LOO
Pn in no
1
70
Enipin
184
'Si*
list
56
123
110
1 3«
lo •lineal
1
II
list
List
120
170
114
83
103
7
Ini.rnat'l Silver
Os 1948
iron Steamboat
Companies
Allegheny Co Lig'tColOO
Electric
46
25
1
2
33
40
5
10
110
106
20
26
Exch
list
90
100
185
180
155
140
3
|
1
114
11
225
95
340
118
1
235
550
123
10
.
•J
"a
90
I
Outside
2
52
53
1
1
1
49
D
1
47
11
Si
John B Stetson cum. .loo
Chicago Edison Co... 100 165 160
Edison El CUCo Brk N Y Stock Exch
Preferred
100
1^
1*6
Eleotro-Pneum'ieTranlO
Uuoston Monotype
20
147,308 132,609 $640,325
17,740
$519,722
Total
139,465
General Electric Co NY' stock Fxeh Lawyers Moil 11 stir. 00
Hartford (Ct)Elec Lt 100 197 200
Lawyers' Surety
LOO
KlngsCoEleoL&PColOO 180 185
Lawyers' Title us. ..100
Narragan (3Prov) El Co 50
93 s4
l.orillard (P) prel
LOO
N Y & li El Lcfel'owColOO 34
37
Madison So Garden. mo
Securities
70
100
Preferred
74
m N
2d Os 1919
For Weekly Beview of Outside Market See 7th Page Preceding.
Rholsl EleoProteoColOO 119
Mix Nai Construe. pf100
Storey General Elec.10
Monongahela R Coal. .50
United ElectricofNJIOO
14
16
Preferred
50
Street Railways
Street Railways
Bid Ask
Bid Ask
00
48 1929
68
Mosler safe Co
100
NEW YOBK CITY
Grand Bapids By
100
30
34
Unit ElecLt<fcPoCo..50 See Ba It List National Carbon
LOO
33
loo
36
Bleeck St & Ful F stk 100
Preferred
87 h. 89 "a
Preferred
100
99
101
Ferry Companies
I'hila list
1st iuort4s 1950.... J-J
Indianapolis st Ry 6
Nat Enam'g«ft Stamp lOo
51
J C Hob<Ss Paterson..lO0
B' way & 7th Ave stk. 100 248
174 l s ia Brooklyn Ferry stocklOO 19
20
I'll fil'Mll
lstniort 5s 1904.. .J-D 101 '4 102
4sgNovl 1949...M-N 8 79»4
XY.t Rlst Os 1911. J-J 113 115 National Salt 6
110
I.ake st (Chic) Klstk.lon
2dmort 5s 191 i
J-J
108
10*8 ll's
Con 5s 1948 .See Stock Exch list
N;n onai Surety
100
J-J
102ia 103
Con 5s 1943 See Murk Exoli list
Deb 5s 1928
108 110
Metropolitan Ferry 5s.
New Central !oal
20
I.ouisv St Ry 5s 1930 J ct-.J }118
B'waySurt lst5sgu 1924 5114 Lie
119
NYii E Jt Ferry stk. 100 08'.i '96*" N Y Loan & Iiiiji
loo
103
LynnA- Bos 1st 5s'24.J-D 8112 1 1 3
2d 5s ini oe rental 1906 « 101
1st 5s 1922
M-N i 91
N Y Biscuit 68 1911. M-S
55
Cent'l Crosstown stk. 100
Minneap st By 5s See Stk Exeh list
N Y A; Huboken stk. 100 80
81
N Y Dock Co
100
M-N 2120 126 Xi'w Orleans City By 100 30
1st M 6s 1922
82
Hob Fy 1st 5s 1946 M-N S112H! 114
loo
Preferred
Cen
RivstklOO 210 220
Preferred
100 103 105
con 5s 1940
90 Hi 91
J-l)
lsl -Is 1951
F-A
Consul 7s 1902
J-D 101 104
North Chic Str stock. 100 175 190
New York & New Jersey
N S Fl V Tl ($20 pi
191
Christ'iit 10th St stk 100 187
1st 5s 1906-16
J-J
1st 58 1940
J-J 105 Hi 107
N A" Realty Corp
LOO
Col<k 9th Ave 5s Set .Stock Excli list
North Jersey St stocklOO
31
30
loth& 23d Sts Ferry 100 75
loo
80
Nicholson File Co
Dry 1) E li A Bat stk 100 120 130
4s 1948
M-N 80\. 81
1st mort 5s 1919.. .J-l) 2105
108
Ontario Silver
100
1st gold 5s 1932. ..J-D 116
118
Pal Ry con Os 1931. .J-D } 127 Hi
Uniun Ferry stock.. .100
42
42
100
Otis Elevatoi com
F-A 103
104
Scrip 5s 1914
2d Os 1914
A-O 8100
1st 5s 1920
M-N
98
ion
i 97
Preferred
Eighth Avenue stock lot) 400 110
Rochester By (new). 100
40
414
Pittsburg llrcw Lng.
F-A 105
109
Preferred
Railroad
100
93
954
Eerred
50
42d & Gr St Ferry stk 100 395 405
on 5s 1930
A-O 112
8 4 chic Peo& st L pref.100
10
11
Pittsburg Coal
LOO
42d SI M A si N Ave 100
70
50
2d 5s 1933
1-H 100
104
Prior lien g4W30M&S U03
106
Preferred
100
lstniort 0s 1910... M-8 112
114
So Side El (ChlO) stk.Joo
Cun mtg g 5s 1930. J A J 100 105
Pitts Plate Glass..
2d income 0s 1915. .JJ
101
99
Syracuse Rap Tr 5s 19 li 100 \ 102
Income 5s 1930
28
30
Plymouth Ci
'..10
k Exc list
Lex Av it Pav l 5s
Unit Rys(8t L Trans) 100
34
34 4 Denver & South'n s. s tk FJx list
Pocahontas oal subs
Ninlli Avenue stock. 100 L96
205
100
Preferred
88
884 Detroit Southern ,s,
Exch list
Pratt a- NSliit 11 on
Second Avenue stockioo 217 220
Gen is 1934
J J 90
91
Preferred
See Slock Exch list
Procter & Garni
1st luort 5s 1909. .M-N S106
107 Hi Wesl Chicago SI
90 "a 91
100
1st 4s 1951
85 H: 8OI4
J-D
in a
Consul 5s 1948
FA 1118 119
Cong 5s 1930
M-N i 98^4 9 9
K Ft SC £ Mem pf See S tk Ex list
Royal BakPowd pref.100
Sixth Avenue stuck. .100 175
Befgg4s 1930
87^ 88
Rubber
Goods Mfg Si t St
Suu Boulev 5s 1945. .JJ U10 112
Mr; National (wi) ..loo 1378 14 Hi Russell a v.yw in
tins .Securities
2
SoFei 1st 58 191 9... A-O ilOS 110
Preferred (-w I)
loo
39
Sail ty Car Heat & Lt 100
NEW YOHK
Third Avenue .see stuck Exoh list
Prior lien I'-.-s 1926
101
com
102
Simmons Hardw
100
Tarry W P A; M 5s 1928 104 107
Cent Union Gas 1st 5s... S1094 111
1st con 4s 1961
w 1)... 79 4 7.' H Preferred
100
Ykerssi RR5sl946A-0 109 Hi llOHi Con Gas (N Y) stock N \ Slock Exo
I'ae urn Is (\v 1)
Nor
110
loo
2d
preferred
28th A 29th Sts 1 st 5s '90 111
113
Equit Gascon 5s 1932 Sei Stk E k list Nor'n Securities (wi) 100 102
102*3 Singer Mfg Co
loo
Twenty Thud St stk. 100 408 415 Mutual Gas
100 295 305
PlttS liess & L, E
30 h
50
snap Hook A Eye
Debus 1900
J-J 103
100
New Amsterdam lae—
"75
Preferred
70
50
Milling
Co.
loo
Standard
Uniun By 1st 5s 1942 F-A 110 117
1st consul 5s 1948. .JJ 109
109*2 Seaboard Air Line See E alt list
Preferred
Westchest 1st 5s 1943 J-J 107 110
NYKlecLt Heat&Power
Industrial and iUiscel
Gold 5s See N Y stuck Exoh list
Slanilai'ii'iViioY
N'".i"
BROOKLYN
N Y <<c Fast River Gas—
Aberdeen Copper
23
26
25
Atlan Ave 5s 1909.. A-0 *106
107 Hi
1st 5s 1944
J-J
113 114
Acker Met- di Condi t...6s 100 lol
Sloss-ShetHi id St -tuck
Cull 58 -4 1931
A-O 114 115
Cousol 5s 1945
J-J
108 110
Amalg Copper .See Stock Fxeh lisl
Standai d ouplei oomlOO
Impi 5s .See Stock Kxc h list
Nor Un 1st 5s 1927. M-N 107 109
Am
Agrio Chem See li oston list
Preferred
K 6s 1933. .A-O 102
B B it
Standard Gas cum
loo 130
185
Amer
liank Note Co
t
55
57
Swift A- CO
Brooklyn City stuck... 10 243 244
Preferred
loo 150
55
SeeN Ysik Fxeh list
1st 58 1910. 1914. ...J-J
Con 5.s Sec stock Exoh list
1st 5s 1930
M -N }116 117 AmBioyole
American Can com... on
15
15ia Tennessee Copper..
Bklu Crosstn 5s F.'Ob.J-J 105 107
Preferred
100
55
ASI .li' Coal. LOO
"s
66
h
OTHER CITIES
Bkn llKtslKt5s 1941 A-O 105
American chicle Co.. 100
78
v
83
Lsl 6s L908
BklnyCoA; sub See Stk Fxeh list
Amer Light & Tract. loo 24
26
Preferred
100
78
79
Bklyn Rap Trail .See Stk l.xeh list
Preferred
100
88
90
Amer
Graphophone..,10 t
.ion
3 Hi
Pottei
Coney Islands BklynlOO
400
Baltimore coiisolidat »sn Bait list
Preferred
10 t
7^
Preferred
1st 5s 190:s
JJ 101 103
34 Amer lltdecfc Leather 100
Bay State Gas
"8
50
4
Hi
6sertlsiudbt 1903. .J-J 100 103
Binghamton Gas—
Prefet red
32
100
88ia
Brk C <fc N 5s 1939. J -J 113<-, 114H>
Bs 193s
A-O
93
95
6a See stock Exch lisl
moi
GrStANew 1st 5s 00 F-A 104
Huston United Gas bonds BOBtO n list Amer Press Assoo'n.iou
85
95
Gr'pi cfcLorimer st 1st 0s 100
109
Bultalo City Gas stocklOO
10
84
American
80
Screw
100
"8*8"'
Kings Co. Elevated—
1st 5s bonds
78
80
Amer shipbuilding.. .100
d
1st 4s 1949 See Stock Exch list
Chicago Gas SeeN S sik Exch list
Preferred
100
95
Nassau Flee pref
100
83
85
Cincinnati Gas <fc Eleol 00
98 h 984 Am Soda Foun com., ion
3
1st
6
6s 1944
A-O 112 114
as L& HeatcumlOO
95 100
1st preferred
50
2d
LOO
60
1st 4s 1951
J-J
97
99
Preferred
100 102
105
2d preferred
100
13
10
New W b'g A; Fl 1st ex 4 "aS 100 108
1st 5s 1932
J-J j 100 H;
American
Surety
175
Stein way 1st 0s 1922. J -J $117
118
Consul Gas (X J) stk. 100
11
Amer Strawboard
12
2 3 Hi
100
1st 5s 1930
J-J
80
81
Bonds 6s
\
100
OTHEK CITIES
Friday
100
1)0
120
1
11
6
4
43
ferriage.
<
Hi
9
loo
LOO
steel
LOO
Preferred
100
Gorham Mfg Co com 100
Preferred
LOO
Hackensack Mi adowslOO
Havana iommerolal.100
Preferred
LOO
Hkr-Jones Jew'l Miii.idd
1st Os 19-Jo
M.>
H erring-Hall- MarvlnloO
1st preferred
100
loo
2d preferred
llolioken Land <V; llnplOO
5s 1910
M-N
International Salt oertfs,
raJ
3
4
so
.1
1
Preferred
ai
2
4
Empire state Sugai
1st 6S 1915
t
.
Total bonds
J
1
;i io>-_
JosephGas 5s 1937.
PaulGas Gen 5s*44M.S
st
si
-0
$152,626
2,602,800
973.731.900
State bonds
6s L944
lonsol las.
In. If, .11 Nat
1st 68 1920
1900
1901
8354,200
11,500
37.078.000
$120,500
Gas
<
Syracuse
BONDS
Government bonds
KB. and
trai k
New Ens
r.iiii
$500
shares, par..
48
Hi
MOT',
HA
130.988.609
7,776,840
$763,676,500 $96,397,349,826 $12,663,971,112
$314.01
M N
>'-•!.
I
N ewark
857.413
3,254.346
1.
1
January
1900
si
47
Western
1901
Hlace>l
I
New York
Exchange
u nd
1
•jo
Madison Wl
floi
1,826,000
2,562,000
8,129,600
2,404,000
2,648,600
64,2
Total
Stocks
ifuyN Gas]
\.
705
ndinii riu
loo
I
fi
1st
48,670,100
S9.900
68.828,700
47,251,200
1,901
100
Gas
ill \
<
1922
.Saturday
Mondaj
I
I10J
Kansas
1
Bond*
Par value
Uaa 8ecuritleM
ndlanapol
I.
road *C
1303
55
.
t
05
7
12»4
7H?
13
40
loo
45^
19
80
38^
34
85
>•
Kxch
list
148
40
33
BO
114
<
'-j
•J
!
95
ir.;
'i
12
150
L60
'
i
1
I
1
43ia
1
150
1
5
5
90
95
I
340
J
•
'.j
(
'
1
'4
<
.
.
I
<
t
206
207
103
L06
list.
02
1
130
135
169ia 175
142
143
138
255
37 '4
5
24
25Hi
H;
7.i
71
000
870
103
5101
L06
102
}106
110
Hi
I
1
W
1
111*
1
-
I
'
!
Consum
Buyer pays accrued
interest.
i.i
City)
...M-N no3 104
Detroil City Gas
50
Detroit Gas See n Y Stk Exch list
ex & l\ udson las 100
31
35
1904
<
Foil
1st
Wayne bid)—
|
lis l.rj.,
.i
48
.J
BergenCo loo
Grand Rapids Gas
Eleo
1915
Hartford (Ct) Gas
F-A
1st 6s
Hudson
•-_
i
(.as
1st Os
<
:o
is! 6s
1
L.
&
loo
III
1908
Price per share.
Oas.M-.N
i
4
4
51
10
p..
30
1061a
49
23
101
26
102
55
60
Sale price.
51
90
115
-
1
Am
Typelo'rs stuck.. loo
See Stuck Fxeh
o
1
Paper. 100
Preferred
100
7
8
5s 1919
07 H; 70
Anthracite coal
so
100
Barney & Sm Car
100
16
Preferred
100
lompany com
50
140
Preferred ..'.
50
Bond & Moit Guar.. .100 405
Amer Wuolcn
Amer Writing
'
1
Gas
1919
Indiana Nat
23
|
-
I
i
BuIIalo Street Rj—
1st OOnSOl 5s 1931. .F-A J117>9 119k:
Deb Os 1917
y.o J106
107
Chicago City Kit stk. loo 185 190
Cine Union Traccom. loo
10<% 11V
Preferred
loo
48
47
Cleveland City Ry
loo
113
Cleve City 1st 5s 1909. J -J
Cleveland Eleotr Ky.100 "79*i "86*'
Con 5s 1913
M-S 100 107W,
Columbus (O) St By.. 100
40 Hi 48
Preferred
loo 102 103 Hi
Coluru Ry con 5s .See Ph ila list
Crosst'wn 1st 5s '33. J-D 8 1 08 111
OH.
09
Brlt'h Columbia Copper 5
Celluloid CO
LOO
Cent Fireworks com. 100
Preferred
LOO
140
100
.
Univi
Preferred
\'a Coal Iron
lo
100
a
1
ok
10 ia
loo
18
108
05
70
00
\\
\\
\s
Air Braki
M
7
-
1175
bite Knob Mlning.100
17
orthing Pump pref.100 118
1
.-iiiikh
\ch
10
48
175
120Hi
THE CHRONICLE.
1304
—A
doston. Philadelphia and Baltimore Stock Exchanges
*taare Prices— Not Per
ta turd ay,
Monday,
Tuesday,
Dec. 14.
Dec. 16.
Dec. 17.
Centum
Price*.
Dec. 18.
of the
Indicate* unlisted.
Week.
TI
Dec. 20.
Dec. 19.
Dailv and Yearly Record.
ACTIVE 3TOCKS.
Friday
Wednesday Thursday,
[Vol. LXXIII.
Range of Bales \n 1901.
Shares
Highest
Lniri.sl.
Railroad Mtock*.
859
168
369
809
859
•198
188
lfltf
£59
187
•841
•841
189* 189*
•189* 1H0
180
189
•
•181
167
•131
S.i
14S
53
•144
8£* 3B*
•38
ioe
810
341
74
53
145
36
'180
58*
145
91
•83*
83
3«* 86*
34*
50
9-1* 100
60
49
60
9-*
87* 88
14*
88* 8^*
38* 334)
14*. 14*
93* 93*
33
14* 14*
•93* 94
91
•79*
89
81
*
5»0
610
14
*
134*
134
600
676
93* 8'* 30* 21*
4* 4* 4* 4 13-10
13»«
14
lis
46
89
48
46
fc9*
29\«
46
29*
•11* 19*
78
78
..
•78
75
81
81
ked
INACTIVE STOCKS
Bldanc
RAILROADS.— Price*
Amer. Rallwajs(Phil) 50
* Charlotte! Bait) 100
lot* Maine pf.(Bost)10C
100
Boston A Prov. "
Atl
"
"
uonn 3k Passum
Conn River....
100
100
'
no
Phil Germ A N.(Phll)
"
Phlla. Traotlon
• • • • •
97*
1
3altlo Mining..
(Phil)
aeth Steel
Boston BleoLt.(Bost)100
Oambrla Iron.. (Phil) 50
Camb SDrexel reot " ....
Canton Co
(Bait) 100
Central OH
(Bost) 85
ConMerour gold "
5
Cumb Tel A Tel " 100
••
Daly-West Mln
20
DanvBegsemer(Phli) 1*
"
DeLong H <S> E
10
Diam State St.. « 10
Pref
Domln Coal pf.
Dom
Iron
(Boat) 100
3b 8-1]
"
4*
*
89
•89
134
2*
21
13*
48
...
'
.
Philadelphia Elect 5 paid.. Phlla. 1.
Trinity Mining
(Boston).
,
(Phlla.).
.
United Shoe Machinery
Preferred
United States Oil
,
78
73
81
79* 81
5-16
15-16
28
84
a
(Boston).
10C
(Bost) 10C
"
I
A
170
8*
1C
8!.. (Phil)
4*
rel
Coal
Wolverine Mln.
"96*
•99 9*
9 9
40
87*
13
2*
•80
60
106
7
37
3
88
98*
13*
19*
4-85
10
'87"
89
8*
86
94
14
90
6*
8
46
47
JAJ
99
108
93
100
H*
•119
J&J {107
Sink fund
J&J {
Cent Vt 1st 4s 1930. .Q-F I 83
Ch Bar AQ4S.1922F&A (101
6s. '18
4s.. 1910
IowaDiv 4s. 1919 AAO 103*
Chloago Juno 5s. 1 9 1 5 J &J {110
gu 5s. 31 MAN ,:109
Chi A
M gen 5s.'21 JAD {109
Curr't Rlv 1st 5s.'27 AAO {105
DGRAWlst4s.'46 AAO {100
Domln Coal lst6s.'13MA8 i 92*
8* Ch A No
W
1*
197
38* 89
M
^ast'n 1st
••••• ••••••
1
M 6s g.'06 MAB
Fr ElkAMVlst6s'8Send
{111
3135
81
104*
118
110
34*
Kaeton Con EL (Phil) 50
Kdlson El 111;.. (Bost) 100 985 850
lecCootArnH (Phil) 60
6
Franklin Mln'g. (Boat) 36
12
12*
General Elect..
" IOO 979
880*
«
PreL
IOO
" IOO
Ind-Egyp Com
3
"
lat But H & S
10
1
1*
Int8P&Dynam(Phll) 50
10
9
Isly BoyaJeH..(Bo8t) 25
18* 19*
Maaufao Bub.. (Phil) 50
«
Pref
50
••••
100*
118
M
-
i
106
i
100
85
K C Ft SAG 1st 7s.'08 JAD {114
K C F SAMoon 8s.'26M AN {188*
K C M A B 1st 4s.. '34 MAS
Income 5s..
K CA M RyAB 5s.'29 AAC {107*
KC8tJoACB7s.'07 JAJ {115
L RookAF S 1st 7s.'C5 JA^ {105
Mar H A Ont 6s...'25 AAO 1118
, . ,
Mez Cent
4s g. .191 1 JAJ
lat ocn ino 8s g non-cam
3d eon Ino 3s non-aum..
80
28
18
New Sng
1st 5s.. 1937
Tele 5s.'16
1907
6t
AAO
AAO
8
••
* * *
4s
MAN
Bonds— Baltimore.
Anacostla A Pot
5s
Atl A Ch 1st 7S.1907 JAJ
I...
97
ne*
98
117
.
BaltCPaslst5s.l911MAN 108 110
182
Fundg 5s.l916 MAN 131
Bzohange 3*s.l930JAJ 108* 110*
BaltAPlstesml 1911 AAO
• 9991
9 * •
Hit A Imp 6S.1901MA8
No BaltDlv 5S.1942JAD
Conv'rtlble5sl906MAN
Central Ry 8s... 1912 JAJ
Consol 5s.... 1932 MAN
Bzt A Imp 5S.1932MAS
Chas City Rylst 5s '23JAJ
Chas Ry G A El 5s '99 MAS
CharlCAA ezt.5s.l909JAJ
2d 7s 1910
AAO
CltyASub lst5s.l922JAD
CltyASub(Wash) lst5s'48
ColAGrnvlst5-6.1917JAJ
Consol Gas 6s. .1910 JAD
5s
1939
JAD
Ga AAlal stpf 5S1945AAO
GaCarANlst5sg.l929JAJ
GeorglaPlst5-6s 1922JAJ
GaSoAFla lst5s.l945JAJ
EnozvTrao lst5s '28AAO
Lake R El lstgu5s'42MAS
MaconANlst 4*s '90MA8
Maryland Brewing 6s ...
Met8t(Wash)lst5s'25FA
New Orl Gas 1st 5s...Var
8s 1904
JAJ
Series A 6s 1936... .JAJ
Series B 5s 1926.... JAJ
Pitt Cn Trao 5s. 1997 JAJ
SeoAvTn(Pltts)5s'34JAD
Sav Fla A West 6s '34 AAO
Seaboard A L 4s 1950..,.
Seab A Roan 58.1926 JAJ
So.Bound 1st 5s '41. AAO
CnElLAPlst4*s'29MAN
UnRyABllst4s'49.MA8
Income
•
1
118* 117
131
100
101
117
117
106
90
114
107
94
115* l
94
9l*
122* 134
114* 115
115
116
May
*
July 10
Apr. 13
Aug. 3
15
Oct.
Jan.
Apr.
Jan.
Feb.
Feb.
Jan.
Apr.
9
18
3
18
18
9
13
38* Mar.
8*
5
Feb. IS
IS
41
June 80
123* Jan. 8
4
48* Not. 14
4
30
17
55
78
81
1C
4
..
8
Mar. 80
Apr. 12
Deo. 80
Dec. 6
Sept.
17
12
J.:::
99
100
180
As';
101
115* 116
181
Bcnde- Philadelphia
AlleVyEezt7sl910AAr 133* 184
35*
Asphalt Co 5s tr ctfsl949
113*
Atl City 1st 5sg..'19 MAI>. 118
HI*
Colum St Ry 1st con 5s.'S'<
Con Trao of N J 1st 5s..'3;
Del A B Bk 1st 7s.'05 FAA
BastAA 1st M 5s.'20 MA>
Bdlson Hleo 5s stk tr ctf
EleoA Peop's Tr stk tr ctf ^
BlmAWUm
Income
Bq
1st 6s.'10 JA.
5s...
.2862
95
8 8
• •>
•••ti
NYPhllANorlst4s '39JAJ
Inoome 4s. .1039 MAN
1st 4s..'36
GenM7s
i'1'4*
88
114*
113
•
97*
••
"
9«
08
117
107
1
10*
113
11
110
117
137
130
134*
-••9*9
•
16
104
84
.
8
***9
•••999
MAN
1903JAo
Penn gen
196
114
90
119
108*
1C9
New'kConGas5s'48JAD 105
Newark Pass con 5s.l93C
.
iia"
AAC
Gas-L 1st g 58.192!Hestonv M A F oon 5s.'2<
HA B Top con 5s.'35 A kC
Indianapolis Ry 4s.. 1935
Lehigh Nav 4*s.. '14 Q-J
RR4sg
1914 y-r
Gen M4*sg.. 1924 Q-t
Leh VC'l lst5sg.'33JAJ
Leh Yal ezt 4s. .1948 J AL
2d 7s
1910 MAc
Consol 6s
1923 JAD
Annuity 6s.
JAD
Nat Asphalt 5s. 1951. JAJ
111
No Penn
••••••
6s r.. .1910
Consol 6so.... 1905
Consol 5s r.... 1919
Penn A Md Steel oon
•nil
Ya>
Vai
Yai
108
109
6s.
114
•9999*
N Y Can 7s..'08 JAD
1939 AAO 109*
Cons 5s
1939 AAO
Cons 4s
lst5s.'17
Penn Steel
MAN
Pa A
• • • •
*l
116
111
113
108
181
106
• • •
••
10 9
181
116*
"85* 85*
112
109
84
110
86
94* 94*
67* 67*
4s 1949.... JAD
People's Tr tr oerts 4s.'4S
PhCa Elec gold trust otfi
Trust oertfs 4s
106*
•
• •
• • •
8
• •
•
••
•*
•
•••
M 7s. .1911 JAD
197
Con M 8s g... 1911 JAB
Bzt I nip M4s g.'47 AAO 108*
Con M of '82 4s.'37 jo*
Terminal 5s g.1941 0>1
194
P Wll ABalt 48.1917 AAO
Coliat trust 4s.l921
Read Co gen
Rochester
4s,
JAJ
1997 JA-
99
99*
Ry con 58.1930
SohRESldelst5s g'35JAD
110* •••••
MAS 108
Soran Trao 1st 6s '32MAN
UnTracPltts gen5s'97J AJ 115*
MAS 115*
Welsbaohsf 5sl930.JAD
65
3d series 6s.. 1916 MAS 188
3-4-5S.1991MA8
4th ser
iAnd interest.
••
99*
•Price Include* overdue
5th series 5s.l926 MAS 116* 117*
1
• • *
99*
84* .•-••
189
iat*
5g.'20
gen
AAO
PhAEr
M
Gen M 4s g.. 1920 AAO 10b* 109*
Ph A Read 2d 6s.'3S AAO 131
Consol
118
115
Vlrg Mid 1st 68.1906
3d series 6s. .1911
83
38
22
16
99
146
Clt's'8tRy(Ind)oon5s.'3E
Atl Coast L ctf s 5s .JAD
Bait Belt 1st 5S.1990MAN
t
7*
8*
6
Jane 11
ChooAMem lst5sl949JAJ 116* 117*
ChocOkAG gen 5s'19JAJ 118 113*
AtlG-Llghtlst5sl917JAD
1st 6s tunnel 1911. .JAJ
Bal Trao 1st 5s.l929MAN
79*
Balls
1914MA3
4
Mar.
50
99
Ter 1st 5s. 1926 J AL
BergAEBrewlst6s'21JAJ
Cambria Iron 68.1917 JAJ
Che« AD Can 1 st,5s.' 1 6 JA-'
Seat Elee 1st 5sl930FAA J104* 105
Torrlngton 1st 6s 1918,
West End St 5s. .'02 MAN i
103
Mar.
May 99
76
WestYaCAPlst6g.'llJAJ
Wll A Weld 5s.. 1935 JAJ
{
Jan. 19
July 19
31*
34*
65*
3S*
Ya (State) 3snew.'32JAJ
Fund debt3-3s. 991 JAJ
West N C con 88.1914 JAJ
67
lstmortOs.. ..1905 JAJ {107
Rutland 1st 6s.. '02 MAN aoi*
Rut-Can 1st 4s 1949. JAJ 1101
1918
180
183
880
1
111
4*1
Deb
*
Baltimore—Conolu'd.
56
I
2*
153* Jane 9
BONDS
Ask
N YAN Bng lst7s.'05J AJ $108*
PotomVal lst5s.l941JAJ
'
KCCA81st5sg.*25 AAO
NBGas AC
85
25
35
(Boston) ...50
"
... 50
Bid.
Norfolk St 1st 5s '44. JAJ
NortbCent 4*s. 1925 AAO
AAO {136
oonv 5s. 1 JAJ {100*
Debenture 5s. 19 13 AAO {100*
Iilin Steel
. .
NewpNAOPlst5s'38MAN 105
Unst'p'd 1st 6s.'33
4
118
.
Bait
Non-ezempt
•*•••»
••••••
•••»-
3*
•75
61
85
BurA Mo Rlv ex'pt 6s. J AJ
•
100
1\
13
130
94'
Adjustment g 4s.. 1995
Boston Term'l 3*s. .1947 {116* 117*
Bos Un Gas 1st 5s. '39 JAJ
b3
1939 JAJ
3dM5s
60
47*
1*8
43
85
50
"
Bonds— Boa ton.
••••••
*•••«! •9999*
86
H
29*
1
A TAS Fgeng 4s.'95 AAO
39
1 *
74
5
"
Am Bell Tel 4s. .1908
4*
•919
4*
"*3*
73
Tidewater St... (PhU) 10
Torrlngton"A"(Bost) 35
"
Pref
35
86
UnCopLAM'g "
UnBlLAPowpf (Bait) 50
United Fruit (Bost) .100
US Mining.... " 25
"
...
Boeton— Couoluded.
NewEng con gen5s'45JAJ I
N B Cot Yarn 5s 1929FAA 1103*
"
*e
...50
"
...
(Phlla.). ...100
BONDS
Ask,
...
..
Westingh. Bleotrio 3k Mfg
Preferred
b 3S 1513 39 3-18
81
. .
as
.
(
14
no* It*
Bid.
50
50
.
Old Dominion Copper ! .....
46
89
29
...
..
118* 118* United Qas Improvement 1.
117
46
29 '4
.
)
Preferred!
4*
18*
.
New Kng. Cotton Yarn, pref. (Boston). ...10c
New England Telephone.
...100
90
134
81
73* 78*
75
Westm
•
1
• • • .
Brie Te'.ephone
3k Navigation.
Mars'Jen Co!
National Asphalt 1 •lllli'ii.
Winona Mlnlng(Bost) 95
• * •
4
•
18
134
as*
*H 4*
Utah Mining..
5*
"
Atlantic Mln'g.
2*
89
134
82
4*
I /
1
Warwlokl AS.(Phll)
....,,•••«
"
"
"
**
"
I
Dominion Coal
4*
4*
.
"
...100
(Boston). ...100
...100
(Phlla.
50
..
...100
48
Tamarack Mln.(Bost) 85 830^ 285
99*
a
AmPneumServiBost)
Pref
«*
85
35
85
10
PennEleoVeh.(Phil) 50
"
Pref
50
Pennsyl Salt... "
50
Pennsyl Steel.. "
.,
"
Pref
100
PhilaCo
"
50
Plan tersComp!(Bost) 100
"
Qulnoy Mining.
25
Rhode Isl Mln.. "
36
Santa Ysabel G "
5
"
Seattle Blectrlo
100
"
Pref...,
100
43
140
1
1
July
129* June 1»
34* Jane IS
91
Jane 18
*Apr.
.
Preferred
48
74* 7S* Lehigh Coal
Old Col Mining. (Bost)
Osceola Mining. "
Palmetto Co.. ..(Phil)
ParrottSllACop(Bost)
e*
(Phil)
Arnold Mining.
19
18
73* 7«*
*•* Telephone
•9991
Dredg< Bost)
Aroadtan.......
67
NewBngGsAC! " ....
New Hav I A 8. (Phil) 5
31*
39*:May
45
96
*
sloVe 11'-* Oct.
330 113* Oet.
1,847 151
Jan.
531 535 Dec.
3.988 15* Mar.
3,575 10* Dec.
328 58 Jan.
891 30* I) c.
877 40 Feb.
1,645 32 May
a,;4v15 Dec.
336 62* Jan.
2,538
S* Dec.
a.'i
* Deo.
36
8
Nov.
18(
88 Dec.
78 127* Jan.
6.61H 20Hj Dec.
4.088
4* D«C.
8,391
10
Dec.
1,408 118
Sept.
1,145 30* Feb.
i,5es 23* Jan.
8,171
10* Dei.
88 Dec.
34.54 Jan.
24 66 Jan.
.
22*
68* 63*
48* 4"*
IsroeB thaler
>•*••
i
(Phil)
61
28i«
•66
Pref., asst.pd
MISCELLANEOUS,
Amer. LAB...
6'*
88*
'
(
3d Brew asstpd(BaltllOC
(999**
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
20
54
3,592
,
MISCKLL.— Conduced
Hill
• •
July
Dec.
Dec. 17
Oot,
8
7B*iDec. 14
Dec. 6
700
American Alkali
(Phlla.). ... 50
Preferred, 910 paid
... 50
,.
120* American Sugar Refining !.( Boston). ...100
115* Preferred!
"
...10(
163
Amer. Telephone * Tel. Co..
"
...100
580 Calumet A Hecla
"
... at
21* Camb.Steel, $13* paid reota. Phlla. ... 50
li Centennial Mining
(Boston). ...35
8 * Consolidated Gai
(Balt.j
...100
83 Consol. Lake Superior
(Phlla.) ...100
24*
10*
STOCKS-BONDS
• • • •
•
19
17
348
83
900
84
168 Jane 19
185 Apr. 8
83* Nov. 19
59* May 16
148 Apr. 83
60*
91,980
*
535
13
•81
81
>•*••.
-Ulouei Mlning(Bost)
Amer. Cement.
12*
14
Basque
50
50
Bys Co General! "
....
Rutland pref ..(Bost) 100
(Phll)lOO 383
United N J
35
OnPowA Trans "
West End pref.(Bost) 50 111
v7e«tJerA8S.(PhU) 50
60
West N Y A Pa. "
81
Wis Cent, new.(Bost)100
"
100
49
Pref
10C 180
•or Nash A R. "
Am Gold
185
23
•73
Bid. ABU.
Dec. 20
43
195
171
801
III'
165
885
33
Oon»olTr Pitts! (Phil) 50
"
50
68*
,..
Pref!
48
»» Booth 3k Fla. (Bait) 100
"
96
100
1st pref
"
100
76
9d pref
sVrmant'n Pass(Phil) 50 tMK
50
Hestonv
"
00 ••••>
Pref
"
45
100
inds Street
60
59
Uttle Sohnylk. "
Maine Central. (Bost) 10C 171
64
Minehlll A S H. (Phil) 50
60
Kesquehon'g Y. "
50 108*
KorthPenn.... "
88
?ere Marqu'te.(Boit)100
82
" 100
Pref.
MAT"
*
24* 84*
wa made
«ale
50
60
(Bosion). ...5i
WelsbaohCo
74* 73
pride*
...
...
Apr.
Jnly
Apr.
Apr.
180
)
,
*
6U9
685
13*
117
116* 118 116
46
45* 46* 46
49
89
29* 29
29* 2ri
10* 11
10* It* 11
11* 11*
81
91*
4*
13*
13*
13
lie
,
,
,
77*
13*
88*
366
Jan.
Jan.
June 11
10
39* May a
20
108* Dee. 8
89 205
212* Apr. 99
1.885 69
May
81
Apr. 99
73,86
13* Jan.
85 15-19No8»
3,580 33 8-16Jan.2S 40* Jane 17
16,188 19 Jan.
4 3
ll-16No99
1,80'
9* Jan. 3: 30* Jane 81
1,685 24* Jan. 3!
54* Sept. 90
8,838 78* Jan.
i 138 Sj May
t
166 82 Jan.
I
99 May 1
9,846 24* June 10 37 Jan.
9
4,148 14
Deo. 19 18* Mar. 99
3.9 93* Jan. 8 99 Apr. 99
)
paid. (Phlla.),
...... (Bait.)
45
62
91
38* 3^* Union Traction, 917*
'4* )4* United Ky A Hleo. Oo.
93* 94 West Bnd Street.
87*
80 189
6,217 28*
78f 94
1
14
*
800
184'
is'i" 134
38%
«* 4*
•14* 15
115>t
913
88
130* 13'
118*
115*
116* 1.6
161
188* 163
24* 34*
14
11
13
13*
12* 1**
14
14
*«0*
•30* 61*
61
ei« 61* 61
61*
•2 4* 8i*
•24* 84*
84
24
23* 83*
87
87
86* 66*
66* 88* 6«* 87
18* 48*
47* 4'* 47* 47* 47* 48
!<* 20
18
20
80*
18
18* 18
74
74
74
•76* 77
74
74* 74*
4* 4*
4*
4* 4*
4*
45*
**
1
1
1
1
S*
1
1
2
3
a
2* 8* •3*
3*4
91
91
90
90
90*
134
8,5 9
(Phlla.) ... 50
Massachusetts Kleot. Cos. '.(Boston) ...100
"
Preferred!
...100
"
24* 24* Mexican Central
...100
•106
106 Northern Central
(Bait.)
... 50
810* 8 'i* Uld Colony
( Boston
,
...100
78* 74 Pennsylvania
(Phlla.), ... 5C
24* 18-18 Heading Company
...50
"
39* 40
1st preferred
... 50
"
38 8« 18 18
2d preferred..
... 50
85* 28* Seaboard Air Line
(Bait.) ...100
49
49* Preferred
...100
101* 10 a* Union Paciflo
(Boston). ...100
89* 89* Preferred
"
...10c
•88
91
93* 94
3«* 34*
34* 34*
89
33* 3'*
130
600
38*
5C
...
1
62* 68* 64
69* 64* 68 Amalgamated Copper!
(Boston). ...100
Amer. Apricul. Chemical!..
"
3C* 20* 80* 80* •3C*
...100
"
80* 80* Preferred!
80* 60* •79* 81
...100
*
*
"87"
1
"
...60
(Boston), ...100
eerts. (Phlla.i
Kltchburg, pref
Lehigh Valler
68 351
34B 159*
388
4J» 189
20 14(*
3 r 188
.Miscellaneous Mtocke.
60* 8t*
31* 8C*
83
49
io.*ica*
108*
101
be*
33
78* 79*
34* 84*
134
83
35
49
49
181% 120* 190* 120* 121
115*115* U5* no* 116* 116* 118 116
180* 161
ieov) 161* 18!
180* 162
190
680
91*
I '."18*308* "909
•80;«
79* 79*
610
33
"
,
74* ChocOkla. A G. trust
58* Preferred Tr. oertfs
...100
...100
...10c
...100
...lot
...100
,
61* 65*
83
'
•63
•145
53
88
91
•34
91
Preferred
74
74*
7S*
94
64* 68
119* 191
181* 180*
131
181
86*
38* 8**
01
190
180
3i'*
38*
38* 3<*
91
•83
341
>
74* 74* 74
58* 53* 53
•144
145 145
75
1"
34
189* 190
189* IBB*
" 180
167
Boston & Albany
(Bolton)
Boston Elevated, full paid..
"
Boston & Lowell
"
19l" Boston & Maine
"
"
160 Ohio. Juno. 3k Dn. Stock Yds.
869
168
959
959
16f* 167
....
310* 210*
78* 78* 78* 74
73* 73*
21 84 8-18
38T4 33 7 18 2t*
a
8fc*
3«* S-* 89* 13-16 89* IMP
2fc* 88* 13-18
86* 39*
b
88* 34
28* 35* 85* S3* 35*
•310
94
•81
•958
10?*
78* 73*
38* 23* 33 7-16
3»* 38* •39*
88* 88 9- 38 916
26* 88* 36*
60* 5< M 60
99H 99* 98*
87* 37* 87*
32* 88* 3 3*
ii* :4*
94
167
18i* 13'*
91* 91*
91M 91*
*31* 88* •is* 33*
ioo
810
78
380
'941
157
145
88
83
86
33
34
269
167* 167
189* 190
;67
188
73* 73*
63*
71* 71*
58
146
860
'841
••••99
December
31,
THE CHRONICLE.
1901.
1305
|u»jestm*nt ami Railroad Intelligence,
RAILROAD EARNINGS.
The following table shows fcbe gross earnings of even Sii Ut railroad from which
can be obtained. Tin- Oral two oolamns ol figures give the gross earnings for the bates! week
columns the earnings (or the period from Jul) I to and including suoh latest week or month.
Tm
returns of
Notice
4
tfie
atn
railways arc brought togethi r separaU ly <<u a tubttquent page.
totals now all date from July l.
el
hange -Our yearly
Latest dross
KOADs.
Week
or Month
.luh
Burning*
nt
J'i
(
I
urn
tu
t
at
i
NO A
a.
Lex a*
No
East. No\
j.nt,.-,t
),!(/
or
I
)
CO
.
lit
M until
10,109
48,189
Mo Kan A exa086,050 Mo l'ac A Iron .Ml
70.012
1,18
Dec
id wk Dec
Centra] Branoli id wk Dec
70,731
I
'1
id wl;
170.177
04,162
02,764
35,711
Wl, lire
Total
.'(l
828,810
800,184
428.288
359,725 Mob Jack A K C. 2d wk Dec
Ala A \
404.660
3,094 Mobile A OhlO..( No\ ember
Vickab 8h & P.
80 1.0110
Mont A Mi \ (lull Novenilii
778
Anil Arlior
31.170
7,7,^7
21,442 Nash (li A Bt L«'- November
Ann Wash &- Bal. October.
October.
Atch Top &
5,300,022 5,070,1 17 20,107,726 P7.410.893 Nev-Oal Ore
November
2;;:'
224.701
Atlanta A- Char.. •*t)|itember
721,757
680,291 Nevada Central., Septombei
39,20
204,870
260,787
Atl Know & No. November
56,012
v llnd Kh n'ii\ ember
i.:;i
0,171
26
N V Out A West. ictober.
48,757
Atlantic <V- Kirm _\.i\ ember
2,3-5,090
N V Suaq A West October.
Atl t'oast Lino. .. October. ..
740,523 702,804 2, 158,610
109,-00
20,200
Atl Vaid A West. N..\ ember
10,530
00,404 Norfolk A West' 2d wk DecNorthern Cei.l ai October.
October...
7,094
37.093
32,009
Bait A Ann S L..
9.005
Bait A Ohio.... / November 1,271,011 3,885,241 21,702,804 19,480,351 North'n Pacific.
Bt wkDec
Ohio A
Little
B A (i Southw. <
552,150
482,414
Kanawha
September
Bangor A Aroosl October... 158,576 130,803
5,937
8,509
14,533
17,951 Pacific Coast Co. August ...
Bath A Haninioii October. ..
15,952
Pacilic Mail
April ....
] ellaZanes&CtD October. ..
10,407
15,559 I'enn— KastPAE. October..
21,700
Belletonte Cent'] November
4,187
4,940
17,214
15,309
BruUt A Baoo K October. ..
WestP&E ... October.
4,327
4,340
3,478
Bull Attica A Are October...
2,054
[arquette.. lst wkDec
99,335 3,118,637 2,694,297 Phiia A Erie
October. ..
Bull Koch A i.t> '_'d wk Dec 118,901
October. ..
77.041
Bullalo ASusq
87, 55a
288,233
234,781 i'hila Wilm AB.. October...
151.U23
385,324 2,422,082 2,195,953 PittsbCOA StL October...
Burl C Kap A No Nu\ ember
Canadian Pacific •_'d wk Dec 789,000 6 10,000 17,870,434 1,5113.131 P it.-b A West'n jeptembei
112,350 8,474,540 3,101,992
1'ittsb CI A To! Septembet
Cent'lof Georgia 1st wk Dec 181,240
2 1,995
53,008
58,904
219,648
Pitts l) Pa a P.. September
Cent'l New Pug.. October ...
-so
1,543,
October,
1
5,157,008
oiN
.028,815
5,907,059
Total
system... ltfiwkNov
J(
Cent'l
Central Facitio. September 1,874,070 1,805,864 6,740,137 5,370,120 Plant System—
4 7,537
1,079
42,840
Ala Midland.
Chattan South'n. 1st wk Dec
1,862
Bruus A \V"u.
Chesap A Ohio... 2d wk Dec 300,973 310,271 7,831,495 7,202,377
813,502 721,030 4,142,332 3,972,101
Chas ASav... October..
Chic A Alton Ky. November
',250
Sav Phi A W.
Ob c Hurl AO,uiu October. 5,190,003 5,164,236 19,627,390
Chic A E Illinois. 2d wk Dec 120,172 122,773 2,839,885 2,000.728
SilSOc&G..
3,296 306 Heading Co.—
Chi )Gt Western. 2d wk Doc 131,880 121,775 3,073,38
C'nic Iud A L'v... 2d wk Dec
80,007
Phil A Read.... October.
79,034 2,178,165 1,909,879
2d wk Dec 005,387 828,22 22,210,230 20,239,464
Coal Air Co
Chic Milw A- 8t
October.
Chic A; North W'n Jctober... 4,510,105 1,184,225 17,005,901 15,090,204
Tot both CO'B.. October.
ChicPeo A St L>) November 123,727 124,132
011,024
577,300 Biob fcVksb A J' October.
Rio Grande Jet.. September
StLCh teSt 1'
Chic KI A Pac... Ictober. .. 2,944,491 2,015,839 11,435,358 9,970,257 Bio Oraude So... 2d wk Dec
AO. October. .. 1,201,030 1,230.483 4,311,709 4,025,122 Kio Gr*de West.. Novemnei
Chic St
729,051
Chic Term Tr KK 2d wk Dec
28,887
20,799
653,818 Rutland
September
ChocOkl & Gull. 1st wk Dee * 100,7,'r.
1,181 "2,711,947 *1,M5,301 St Jos AGr
November
2d
wk
l'ac.
Dec
2,231,070
87,058
03,604
2,520,403
8i
Cm
L Ken'etA So. November
384,013 0,104,126 8,376,518 StL ANArk
October ..
CI Cm Oil A St L. 2d wk Dec 349,305
d wk Dec
Peoria A
1,19 1,077 1,081,487 St L A San Fran g lst wk Dec
44,080
Clev Lor & Whee] November
878,028 St L Southwest
220,180 160,490 1,164,443
lst wk Dec
8 1.50
2,55(1,118 2,270,245 St L Van ATH.. No\ ember
97,100
Colorado & South 2d wk Dec
Col Newu & Lau. October.
17,709
57,095
55,890 San Ant A A P... October...
10,710
ColSaud A Hook 1st wkDec
19,853
22,140
500,017
475.524 San Fran
P.. November
Cornwall A Leb.. October.
31,013
18.291
13 1,109
91,800 San Pedro Los AnCuuiheil (i Val ej October.
92,914
115,970
423,144
1,328
geles A Salt L. November
Denver <t Rio Gi 2d wk Dec 220,000 214,300 5,779,30: 5,554,186 3Fe Pros A Ph.. lst wk Dec
Detroit Southern. 1st wkDec
25,390
503,234 Sav Fla A West.. October.
22,011
562,965
Dct A Mackinac. October.
208,150
281,586 Seaboard Air L.. 1st wk Dee
03,104
65,850
Did So Sh A: Atl.. Lst wkDec
43,001 1,218,512 1,177,340 So C A Oa Pxt ... November
41,001
KstLi Carond. November 17,297 12,190
01,914 So Haven A East. November
70,617
October.
Erie
3.757,102 3,15s, 337 14.672,153 12,970,518 Southern Iud
November
(»
Evansv & Indian d wk Dec
158,202
104,200
5,8
6,186
So Miss a A rk
November
Evansv A X II... 2d wk Dec
099,01)1
074,087 So Pacific Co 6... October...
28,607
24,358
Find Ft YV A W September
9,035
9,010
33,038
30,009
Austin A No'u. May
713.900
Ft
A Den v City October. .. 198,092 230,850
701,317
Carson A Col.. luly
October. ..
Georgia KK
233,431
189,428
019,197
013,772
Cent Pacilic
September
520.1.-2
Ga South A Fla.. November
97,010 104,429
503,037
Direct Nav Co July
Gila Val Gi, N October..
123,355
30,103
32,132
116,806
Gal Har ASA. September
Gr Trunk System 2d wk Deo 507,455 553,078 13,959,733 13,123,817
Gal Hous A No September
Gr Tr A West'n UbwkNov 110,581 112,047 1,770,525 1,706,721
GulfW. T. A P. September
Det tir H AM.. -tthwkNov
492,008
470,991
32,108
30,100
Hous. K. A.V.T. Septembei
—
Gleat North'n
Hous. A Shrev. septembui
St P Minn AM. November 3,122,441 2,172,94- L 3,844,618 10,391,051
Hous ATex Ceu September
East'nof Minn. November
540,980 383,158 2,730.190 2,023,492
Iberia A Verm'n luly
Montana Cenl'l .November 100,995 158,71
746
874,854
Louis'a West.. September
Total system. -November
770,110 2,714,817 17,327,0 13 13,202.307
Morgan's L A T September
Hocking Valley.. 2d wk Dec
93,870
92,050 2,491.794 2,234.346
NewMrxj! Ariz July
Hous A; Tex Cent September 517,470 504,520 1,325,890 1,1 14,593
N
A Mex .. Septembei
Illinois Central.. November 3,497,530 3,142,838 17,231,070 15,1 --,99 1
Tex A N (irt
September
Illinois Southern November
51,135
12,005
8,282
59,413
Ore A Caliior'a July
Ind Dec A; West'n July
59,01)8
55,928
59,098
55,928
Sonora Ky
July
,.
Did 111 A Iowa... October. .. 147.090 108,943
400,392
502,790
Ho Pae Coast... July
Int A Gt North'n 2d wk Dec 118,000
110.701 2,361,115 2,33.
So Pac of Cal
September
WkNov3j
Interoc (Mex)
78,700
83,590 1,577,400 1,059,980
So Pac ol Ariz September
Iowa Central.... d wk Deo
44,488
48,392 1,150,940 1,048,556
So Pac ol N
Septembei
Don Railway
Nov( mber
22,102 Southern Kailw'v 2d wk Dec
4,341;
32
6,477
Kanawha A Mich 2d wk Dec
19,304
490,751
17,590
412,302 TerreH A Iud ..*. November
Kan City South'n October... 500,055 391,090 1,682,702 1,100,979 Terre H A Peor.. November
Lehigh A Hudson November
29,218
105,278
181,058 Texas Central ... lst wk Dec
36,214
Lehigh Val KR.. October. .. 2,894,058 1,045,123 10,087,553 8,023,633 Texas A Pacilic. 2 a wk Dec
Leh Val Coal Co. October. . 2,138,415 079,000 0,921.100 0,153,718 Tex S V & N \\ .. letnlicr.
Lexing A East'n. October. ..
37.771
1 22,042
139,100
31,070
Tol & Ohio Cent 2d wk Deo
Long Island
October. ..
Jnc 59 ,134
Inc. 3
1,711
TolP A West .... 2(1 Wk Dec
Lou Hen A St L.. November
50,002
298.150
280.613 Tol StL
52,802
2d wk Dec
Louisv a Nashv. 2d wkDec 011,910 587,780 18,894,322 2,010,507 Tor Ham A Bull. 1-t wk DecMacon & Birni... November
11,808
52,1 10
40,008 Union Pac KK
9,023
Mani.stiq.uH
November
4.275
3,208
35, 156
Oieg KR A N
29,678
October..
IMexican Central 2d wk Dec 367,709 262,016 7,066,490 7.397.259
Oi eg Sh Line.
Mexican tntern'l October,
501,070 483.923 1,917,000 1,738,450 Wabash
2d wk Dec
IMexican Nat'L. 'id wk Dec 158.773 123,950 3,342,145 3,841,146
Jersey A Sea e October...
Mexican North'n May
43,892
56,240
590,500
570,079 w v OenA Pitt.. ieptembei
IMexican Ry
WkNov.30
81,100
82,200 1,747,500 1,781,000 Western of Ala.. June
Mexican South'n 4thwkNo\
27,228
308,79s Wheel A L 11
330,-50
18,227
November
Mineral Range.. October. ..
57,008
225,202 Wisconsin Cent.. 2d wk Dec
53,447
212,441
Minneai> A Bt L. 2d wk Dec
6 ..230
03,108 1,701,385 1,508,000 Wrights v A Tn.. October
8 St M. 2d wk Dec 125,005
M8t
92,537 3,100,002 2,096,577 Yazoo A Miss v.. November
184,331
00,390
08,001
30,171
3'2O,073
•
tout
i
i
.
1
1
.001
1,000
613,000
1.8,000
10,000
031,000
2,885
550, IOO
660,000
3,109
552,000
100,363
15,652
561
17,043
2,970
i
1
l
.111!
-
17,490
49,801
l'ac J line.
ember
\d\ ember
November
2d wk Dec
Qrou /"
BO U>8
Year
Year
hate
It
at
S
ictobi
Adirondack ...
Ala Gt Southern 2d wk Dec
AlaN O
returns
ini
i
2.3
1
I
72
2,560,100
'91
'>,-'
.107
-99
78
9,i>91
5,837,015 .,70 1.012 82,174,568
..21,701
2,127,510 1,639,877
282 02
07',
207,1 19
04,340
00
313,9511
32
7,026,105
,228
,177
819,707 618,107 2,030,277
885,509 646,634 20,363,870 10,107,307
10,991
309,024
10,1-510,623
48,207
5,
1
lo
•10,124
1.0 15,195
1 85, 175
-.807 2,515,701
3,308.378
,051,278 7.7 8,578 32,588,773 29.149,173
l nc 3,3 80 5oo
Inc. 79 7,600
157,028
.2 10
7,441
142,635
709,718 4-9,191 2,60 1,150
j.302
9 10,7-1 4,128.076 3,975.-70
,073,881
684,225 7,282,108 0,319.059
,975.938
.,010
513.787
100,-00
220,378
4 29,975
304.962
145,400 103,709
107,122
47,75)1
-.729
52,988
1,019,490
91,292 1,907,010
86,422
1
]
!
r
'2,343,951
/'679.70- f668,256
.
1
1
1
.
.
J
PM
1
NO AT
.'.
AN
2,870,887 1,878,281 10,100,719 8,947,700
3,105,131 1,021,010
8,296,196
8,78
"
0,030,021 2,899,3
10,053,554 17,21 5, -'.10
3os, 701
80,827
82,604
340,005
159, 2 14
50,125
160
58,781
11,050
1174,173
268,184
11.088
2,170,900
452,000 398,900 2,322,74
.,020
570,093
-,7-9
5-1.127
100,085
88,833
1 1,120
13,195
72,110
57,024
7,1 5n
21.700
80,4 13
,332
-.55!)
308,897 340,040 0,603,180
..745
.2,74
161,921
166,459
159,07
170,711
91!
1
80,182
93 1,021
513,094
918,940
493,137
9, Ills, 7 29
429,193
380,811
7*679,768 f668,256 '2.12.5,9 1222,019 220,-10- 4,932,623
3,051
4,520,(115
305,423
94,823
3
1.
.,034
.
.
W
.
.
.
1
VT
.
M
AW
.
18,000
20.494
115,939
112
25,878
26,428
5,Ol8
4,000
52.918
161,528
30,967
268,696
--,010
10.1 1(1
21.628
88,876
25,4(12,995
7,117,177
28,813,263
7,891,090
150,004
250
20,422
12,830
19,373
19,373
11,068
11,068
1,874,070 1,805,864 5,740,137 5.370.120
1.943
1,943
2,828
2,828
521.0-:: 1,729.302 1,485,247
589,-1
7 1.177
19,-, 5
JOi
40,887
1.-39
33.343
17,331
105,037
203,:; in
56,624
68,730
35,190
17,-91
48,760
15,202
517,17-.;
504,520 1,325,890 1,144.503
2.450
2.150
3,938
350.135
42-, 09O
143,183 137,290
10,592
723,071 596,124 1,951 ,071 1,0
17,937
7.9;,:
27,090
27,090
00.109
23.73 7
93,2 19
37,079
72 1,170
573.266
227,121
212,8 19
.108
0,013
280.013 229,168
1,082
45,082
44,538
9-, 177
99.015
9-, 177
90.
-.749
32,71*;
1,735,5 I- 1,559,159
>1 4.140
331,010 288,206
087,46
117,990
200,920
7,450
llo
17.25!
750,7 12 728
71 1.539
139,407
133,468
696,650
1,131
47,117
240,673
19.55o
30!
308,620
22,766
4,929.9.0
275.929 267,480
10,900
47,000
17.5(10
40,700
49,1-n
48,323 1,3;
1,191,251
22,2(13
1,608
21,810
46,438 1,201,915 1,0-.
46
229,413
104,929
7,301
1
i
1
;
.
.
W
PA
1,797,200 1.512,307 17,110,302 16,081,479
301,273
260,730
102,107
57,832
292,500
101,000
10,-17
-05.1 11
3 12,333
7,330
i,18]
9.001.533
1 ., 55,709
309,5-821,088
1,748
1.52!
02,655
2.79-.
17.37.".
45,805
2.775.950
0-9.O13
.972
1,668,369
286.546
I
I
1
2,501,024
57,703
2.448.763
* Figures from November 1 are lor the railroad only.
Mexicau currency
§ Covers results on lines directly operated east of Pittsburg.
clncludes Paducah A Memphis Division from July 1 in both years.
Mneludes the Houston A Texas Central and its subsidiary lines. Earnings ol the Cromwell Steamship Line, not previously reported, are
now also included.
cResults on Montgomery Division are included In both years.
(/Includes st. Paul A Duluth tor both years.
;
e Includes results on Slier. Shrev. A Southern, Mo. Midland and San Antonio extension lor this year, but not for last \ ear.
f These tiguree
are the results on the Ala. Midland, Bruuswick A Western, Charleston A Savannah, Savannah Fla. A West'n and Silver Springs Ocala A Gulf.
These
figures
iuolud-3,
besides
the
St. Louis A Sau Franoisao proper, the K.au. City Ft. Scott A Memphis ami Ft, Worth a Rio Grande.
g
THE CHRONICLE
130(5
Totals for Fiscal Year.
\st
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 tne beginning of the fiscal year of the great
There are, however, some roads that
majority of the roads
These with their dates are
still have their own fiscal years.
brought together in the following.
[Vol. LXXIII.
week of December.
Pere Marauette
8anta Fe Pre*. <fe Phoenix
Seaboard Air Line
Texas Central
Total (55 roads)
Net Increase (964
1901.
i
BOO,
Increase.
157.628
20.494
222,019
19,550
142.635
18.727
220,468
22.T6P
14,993
1.765
10,786,269
9,837,690
1,008,113
Decrease.
1,551
3,216
59,434
948.679
p. o.)..
Latest Oross Earnings.
Roads.
Period.
Atlanta & Charlotte Air Line.
Bellefonte Central
Burlington Cedar Rap. & No.
Central of New Jersey
Chicago & North- Western....
Chloago Rook Island <k Pao..
Ohio. St. P. Minn. & Omaha..
Apr.
Jan.
Jan.
Jan.
June
Apr.
Jan.
Choctaw Oklahoma & Gulf.. Nov.
Cumberland Valley....
Jan.
|
& carondelet.
Ft. Worth A Denver City
International & Gt. North'n.
East
St.
Louis
Lehigh Valley RR
Lehigh Valley Coal
Manlstlque
Mexican Central
Mexican
Mexioan
Mexloan
Mexican
International
National
Railway
Southern
Missouri Pacific
Central Branch
Total
Monterey & Mexican Gulf
Northern Central
Pacific Mall
Pennsylvania, East of P.
Westof P.&E
&
Current
Previous
Year.
Tear.
Sept so 1,867.049
Nov. 30
47,19'
Nov. 30 4,778,018
1 to Oot 31 14 060 677
1 to Oct. 31 20.919.C02
1 to Oct. 31 17,759,618
1 to Oct. 31 9,186.264
1 to Dec.
591,087
7
918,551
lto Oct 31
149.58"
1 to Nov. 30
lto Oct. 31 1,784,790
4.7= 4,450
1 to Deo. 14
lto Oct. 31 25.563,141
lto Oct. 31 19.642,095
88.511
lto Nov. 30
1 to Dec. 14 16 532,97*
l to Oct. 31
4,847,203
7 268,622
1 to Dec. 14
952 000
30
3
Nov.
lto
578,669
lto Nov. 30
lto Dec. 14 33.54395*
lto Dec. 14 1,262,4 7
1 to Deo. 14 35 005.333
lto Nov. 30 1,278,931
1 to
1 to
1 to
Jan.
Jan.
Jan.
Dec.
Deo.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan. lto
Oct
31
6,881,0"/!
May lto
Apr. 30
3,071,166
E. .Ian. 1 to Oct 31 77,419,484
Inc. 4,3
Jan. lto Oct. 3>
Pere Marquette
Jan. lto Deo. 7 8.518,913
Philadelphia & Erie
Jan. lto Oct. 31 5,679.167
Phlla. Wllm'g'n & Baltimore. Nov. lto Oct. 31 11,80^,249
Pitts. Cincln. Chic. & St. L... Jan. 1 to Oot 31 17,033.165
460,795
Bio Grande Junction
Deo. lto Sept 30
176,741
St. L. Vandalia <fe Terre H.... Nov. 1 to Nov. :-0
51.7*7
South Haven <t Eastern
Jan. 1 to Sept 30
30
202.452
Missouri
Arkansas..
Nov.
South.
&
Jan. lto
139,467
Terre Haute <fe Indianapolis.. INov. lto Nov. 30
47.H7
Terre Haute & i J eorla...
Nov. 1 to Nov. 30
Texas & Pacific
Jan. 1 to Deo. 14 10,935,664
Went Jersey <fc Seashore
Jan. 1 to Oct. 31 3248.421
|
1,193.630
39.528
4 433.647
12,547.259
l'->. 384,436
15 533.536
8.526.842
442 572
851,235
143,236
1,429,710
4,lf0 847
22 233,290
16,496.050
99.619
16.376.334
4 410.475
4 145 500
557,483
29,143.196
1,279.311
30.H03.037
1.2H4.252
6.316,171
3.K17.620
69,970 484
56.100
7,641.286
4.692,811
11.324 249
15,703,174
443.471
159,077
52.188
169 759
133,4X8
40.521
8 978 930
3.069.5*1
last year.
2d week of December.
$
A«»»ma
Gt. Southern..
Ann Arbor
& Pittsb'g.
Buffalo Rooh.
Chicago a East. Illinois.
Chicago Great Western.
Ohio. Indian'lis& Louisv.
Chicago Milw. & St. Paul
Chlo. Term. Transfer
Cin. N. O. & Texas Pao..
Olev. Cin. Chlo.
&
St.
L..
Peoria A Eastern
Colorado & Southern...
Denver & Rio Grande
Evansv. & Indianapolis.
Evansv. & Terre Haute.
Grand Trunk... ..... i
Grand Trunk West.. >
Det Gr. Hav. & Milw.
Hooking Valley
Int. & Great Northern..
.
IowaCentral
Kanawha &
&
Louisville
..
Michigan...
Nashville..
Mexican Central
Minn. St. P.&8. Ste. M..
Mo. Kansas & Texas
Mo. Pacific & Iron Mt. ..
Mob. Jackson
&K
City..
Rio Grande Southern
Texas
&
1901.
Paoifio
Toledo AOhlo Central..
Toledo Peoria & West'n .
Tol. St. L.
&
West
Net increase
For the
(6-14 p.
1900.
Increase.
$
9
$
48,189
35,711
99,335
646.000
316,271
122,773
121,775
79,034
828.224
26,799
87,058
384.013
53,227
220.60<
5,810
24,358
214.300
6,186
28,607
567,455
553,678
13,777
93.870
118,606
44,488
19,304
611,910
367,709
158.773
65,230
125,665
320,073
613,000
18.000
2,885
343,9" 6
11,088
750,742
275,929
49,420
21,810
46,597
361,273
101,000
92,050
116,704
48,392
17.590
587,780
262.i 15
123,956
63,108
92,537
307,061
650,000
19,000
3.169
321,895
11.650
728.442
267,480
48.323
22,203
46,438
342,333
92,655
1,820
1,902
8.491,878
8,000,463
460
19,566
143,000
>•••-.-
15,298
3,399
10,105
*•••
a*i
978
77,163
2,088
6,636
84.648
8,238
12,598
6,300
84.f>02
376
4,249
3,904
1,714
24,130
105,694
34,817
2.122
33,128
13,012
37,000
1,000
284
22,061
562
'22,300
8,449
1,097
393
159
18,940
8,345
597,367
491.415
c.)..
week of December our
Decrease.
1,612
49,801
36,171
118,901
789,000
300,973
126.172
131,880
80,007
905,387
28,887
93.694
349,365
44.989
97.100
105,952
statement covers
55 roads, and shows 9*64 per cent increase in the aggregate
first
final
over the same week last year.
1st
week
oj
December.
1901.
1900.
$
Previously rep'd (44r'ds)
Chattanooga Southern.
Chloago & East Illinois.
Choo. Okla. & Gulf
Cin. N. O. & Texas Pao..
Col. Sandusky ds Hooking
Duluth 8o. Shore & At.
Northern Paciflo
9,075,101
1,862
142,500
100,752
99.040
19,853
41.901
885.569
8,400,760
1,679
145,700
84,181
88.828
22,146
43,064
646,634
Increase.
Decrease.
$
723,903
183
49,562
3,200
16,571
10,212
2,29 T
1,163
238,935
Gross Earnings.
Ourrent Previous
7,401.372
Latest Gross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the latest
week. The table covers the second week of December and
shows 6*14 per cent increase in the aggregate over the same
week
Net Earnings Monthly to Latest Dates.— The following
abowsthe gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
Include? every road from which we can get returns of this
character and in that form is given once a month. Early returns art published fromweek to week, as soon as issued, but
for the convenience of our readers all the roads making returns are brought together here in the week in which we publish our monthly article on net earningp— say about the 20th
of the month.
The returns of the street railways we give by themselves
under a separate head at the extreme end of these tabulations
—see page 1309.
It
Year.
Roads.
Adirondack. a
Oct
July lto Oct 31....
Alabama Gt. So'th.aOct
July 1 to Oct. 31....
Year.
16.1P9
17.490
70,731
76,612
196,879
239,683
692,417
819,097
5.404
Ann'p.W'sh.&Bal.aOct
7,787
21,442
July 1 to Oct 81....
31,470
Ann Arbor. b
158,658
174,803
Oct
July lto Oct 31....
632.964
564,428
4.tch.T.&8. Fe.b. Oct
5,390,922 5,070,447
July lto Oct. 31. ...20,107,726 17,410.893
Atl. Knox. & No.a Oct
57.302
40,959
July 1 to Oct 31....
165,615
204,775
6.171
Atlantio & Blrm'gh.Nov.
11,344
26,418
July 1 to Nov. 30....
48.757
Atlantio Coast L.. a. Oct.
740,523
702,894
July 1 to Oct 31.... 2,458,619 2,385,096
Baltimore <fc Annapolis
9,005
7.694
Short Line. a
Oct
32,669
37,693
July lto Oct 31....
Bait. <fc Ohio. b
Nov. " 4,274,611 3,885,241
July lto Nov. 30... 21,762,804 19,480.351
136.803
Baneor&Aroost'kbOct
158,576
552,450
482,414
July lto Oct 31....
5,937
8,509
Bath & Hamm'ds.bOct
17,954
14.533
July 1 to Oct. 3t....
19,497
Bellaire Z. & Cin... Oct
15,952
4,187
4,940
Bellefonte CentralbNov.
39.528
47,197
Jan. 1 to Nov. 30....
4,349
4,327
Bridgt. & Saco R.bOct
15,369
17,214
July lto Oct 31....
3,478
Buff. Att & Arcade. Oct
2,954
585.957
Burl. R. APlttbs.b. Oct.
643,993
July 1 to Oct. 31.... 2,362,505 2,057,230
77.644
87,553
Bnflalo&S'squeh.aOct
234,781
288.233
July lto Oct 31.-..
559,336
566,563
Burl.Ced.R.&No.a.Oct
Jan. 1 to Oct 31.... 4,326,995 4,048,323
Canadian Paoifio. a. Oct 3,582,403 2.774.826
July 1 to Oct 31. ...12,816,434 10,547,471
732,724
796,703
Cent, of Georgla.a.Oct
July lto Oct 31.... 2,554,602 2,401,778
58,964
53.008
Central New Eng.b.Oct
244,995
219,648
July 1 to Oct 31....
Cent.ofN.Jersev.a.Oct 1,543.880 1,028,815
Jan. lto Oct 31. ...14,060.677 12,547.259
Oenr,ralPaoitlc.b...Sept 1,874.070 1.805,864
July 1 to Sept 30.... 5,740,137 5,376,126
8,636
7.606
Chattan'ga South. aOct
37,795
33.241
July 1 to Oct 31
1,567,154 1,454,714
Cnesap. & Ohio. a. .Oct
July 1 to Oct 31.... 5,869,190 5,376.129
721,036
813,562
Chloago & Alton. a. Nov.
July lto Nov. 30.... 4,142,332 3,972,101
5.196,603 5,164.286
Ohio. Burl.&Qnin.bOct
July 1 to Oct 31.... 19,627,399 18,389,256
519,813
547,393
Chlo. & East. 111. b .Oct
July 1 to Oct 31..., 2,048,844 1,860,081
698,539
737,179
Chlo. Gt. West'n. b. Oct
July lto Oct 31.... 2,746,040 2,490,852
378.479
420,142
Ohlo.Ind.<teLouis.a.Oct
July 1 to Oct 31.... 1,631,113 1.428,678
4,521,268 4,278,838
Cnlo. M. A St. P.a..Oct
July lto Oct. 31 ...16,217,857 14,822,316
2,944,491 2,615,839
<;hlc. R.I.APao.adOct
Apr. lto Oct 31. ...17,759,618 15.533,536
124,879
134,831
Chio.Ter.Transf.b.Oct
482,279
541.840
July 1 to Oot 31....
412,889
594,115
Choctaw Okl.AO.b. Oct
Nov. 1 to Oct 31.... 5,266,812 3,463,505
432,211
473,529
Cin. N. O. & T. P.a.Oct
July 1 to Oct 31.... 1,853.562 1,660,991
1,782.097 1.6b8.703
Cl.Otn.Uhlo.&St.L.aOct
July 1 to Oot 31.... 6,770,013 6,005,124
230,869
233,424
Peoria AEast'n.a.Oct
770,062
885,131
July 1 to Oct 31....
169.802
216,768
lev.Lor.&Wheel.aJuly
467,518
497,245
Oct
South,
b.
&
ji
or
'do
C
July lto Oct 31.... 1,879,418 1,655,001
16,716
17,709
Oolum.Newb.& L.b.Oct
55,896
57,095
July 1 to Oct 31..-.
r
NetSarrinQt—
Current
Year,
Previous
Year.
$
$
5,962
25,6i2
74,726
239,117
3,077
13,457
67,060
225,423
12,407,696
18,672,019
23,809
76,735
5,146
18.568
307,508
795,023
3,068
13,664
1,585.462
8,546,995
65,270
215,406
4,009
6,530
3,020
2,154
16,437
1576
6,428
1,625
338,176
1,135,242
49,943
131,301
224.579
1,412,476
1,467,039
5,221,270
338,389
805,483
5,586
52,722
633,108
6,046,723
760,169
2,497,105
def.4,126
def.15,412
631,502
2,383,094
227,422
1,418,356
2,270.203
8.155,707
255,380
928,946
243,423
865,793
179,394
689,129
1,815.241
6,006,706
1,365.855
6,599.515
63,944
264.927
267,849
2,02o,043
130,3o0
493,433
529,698
2,027,243
70,336
219,201
100,822
149,623
485,995
5,797
22,381
.
4,60*
19,307
69,470
209,428
938
5,070
40,780
113,023
t2,241,454
f 6,859,364
12,321
55,718
3,109
9,452
301,332
902,737
3,050
10,692
1,306,857
6,484,855
65,892
189,174
6,314
10,432
7,200
1,652
13,905
1,912
3,928
1,479
255,204
873,939
39,307
104,867
174,249
1,132,352
1,078,174
4,075,724
303,765
843,107
13.614
58,010
238,535
4,826,513
819,142
2,426,904
del. 3,086
def.9,408
601,615
2,267,692
203.830
1,349,880
2,318,127
7,545,853
215,431
736,813
261,070
859,303
153,690
549.182
1,693,988
5,449,232
1,052,838
5,455,529
60,469
247,341
192.651
1,228,738
129,829
458,124
531,699
1,772,179
71,605
231,987
22,500
139,747
420,990
8,230
22,485
December
.
Roads.
Oornw'll A Leb'n.a.Oot
July 1 to Oct 31...
Cumberland Val.b.Oct
Jan.
1
THE CHRONICLE.
21, looi.j
to Oct. 31...
Den v. A Rio G'de.b.Oct
July 1 to Oct 3i...
Detroit A Maok'o.aOct
July 1 to Oct 31...
Detroit Southern. bOct
July 1 to Oct 31...
Dul. 8o. Bh.AAtl.b.Oet
July 1 to Oct. 31...
»ron Karntnyt.
frtviout
Current
lear
Year.
9
18,291
81.643
91,866
134,169
92,914
115,976
851.235
918,551
1,131,937
4,333.562
65,850
268,150
121,864
429.H92
231,160
;i
7 1,747
1,122.288
4.159,586
.
— Met Earnmut.Current
Year.
9
9
6,478
86,745
84,643
308,883
436,835
1,573,647
9,510
63,404
86,095
281,586
29,250
109,499
83,379
377,405
83,095
237,203
866,775
958.154
785,123
3,158,837 1,118. 483
12,976.618 4,878,732 3,720,016
7,316
13.083
25,293
49,912
109.476
51,568
2,530
2,668
11,907
4.222
3,253
20,399
37.841
48,095
230,856
320,470
447,676
1,429,710
g86,203
189,428 gl 15,972
613,772 g207,l86 g205,733
36,672
32.596
107,758
118,174
121,991
399,208
20,204
32,132
17,396
57,920
65,613
123,355
776,223
797.636
2,094,098
7,b01,412 3,020, 1 99 2,846,961
64,239
49,639
348,935
164,001
196,124
1,345,127
97,332
24,820
24,333
91,41*2
109,985
379,103
.Oot 3.757,162
July 1 to Oct 31. ...14,672.153
Evans. A Indian, b July
30,365
Evans. A T. R.b
123.222
July
FindlayFt.W.A W.b. Aug.
13.021
July 1 to Aug. 31....
24.003
Ft.W.ADen.Ciiy.bOct
19P,« 92
Jan. 1 to Oot 31 ... 1,734,790
Oeoreia.a...
233,431
Oct
July 1 to Oct 31....
649.197
Ba. South. A Fln.a.Oct
108,779
July 1 to Oct. 31
423,406
BllaVal.GlobeA No. Oct.
36,163
July 1 to Oct 31....
116,806
Br. Trunk of ('an... Oct
2,252,263
July 1 to Oct 31
8,540,398
Or. Trunk West... Oct
385,921
July 1 to Oct 31.... 1,445,866
Det. Or. H. A Mil. Oct.
101.712
July 1 to Oct 31....
392,247
Gulf A Ship Island. a.—
120,108
July 1 to Oct 31
436,400
207.578
Hocking Valley. a. .Oct
223,424
5C0.517
461,749
670,47 1
760,b86
July 1 to Oct 31.... 1,842,205 1,627.1*8
258,751
Houst. A Tex. rent Sept
239,897
517.476
504,520
426,251
486,096
July 1 to Sept. 30.... 1,325,890 1,144,593
Illinois Central... a. Oct
3,752.331 3,414,924 1,288,184 1,119,129
July 1 to Oct 31... .13,736,540 12,046,156 4,268,296 3,116,277
42,648
Indiana 111. A la. b. Oct
147.090
108,943
47,442
151,351
206,159
July 1 to Oot 31...
562.796
400,392
42.971
17.387
Iowa Central b... Oct
255.521
216,985
88,841
155,951
July 1 to Oct 31
845.060
779.655
1,824
Iron Railway. b.. ..Oct.
3.629
4,306
7,647
6,244
10,376
July 1 to Oct. 31...
17,820
26,508
17,588
Kanawha A Mien. a. Oct
26,612
105.793
84,315
59,688
81,918
July 1 to Oct 31...
363,503
305,745
175,1"3
107,934
391,096
Kan. City South.. a.Oct
500,055
273,143
476,388
July 1 to Oct 31... 1.682,792 1,466,979
867,520def.258.753
Lehigh Val. RR.a..Oct 2,894,058 1,645,123
Deo. 1 to Oct 31.... 25,563,141 22,233,290 5,497,043 2,769,778
Lehigh V.Coal Co.a.Oct 2,138,415
679,000 def.34,522 def 97,407
Deo. 1 to Oot 31... 19,642 095 16,496,050(11. 522.975df 815,859
8,159
13,614
Lexlng'n AEast.b..Oct
37,771
31,070
43,317
139,100
122,042
55,332
July 1 to Oct 31....
Inc.
Dio.
43,225
Long IslandRR
59,134
Oct
215,021
Ino.
313,711
Ino.
July 1 to Oct 3i...
Loa.Hen.A8tl .b..Oet
14,989
21,028
59,865
61,502
69,506
77,761
242,088
227,811
July 1 to Oct 31...,
Loulsv. A Nash v. b. Oct
931,899 1,014,166
2,775,304 2,552,864
July I to Oct. 31... 9,968,751 9,013,111 3,000.663 3,285,641
Macon A BirmingbOct
6,849
1,790
16,150
11,075
346
July 1 to Oct 31...,
40,332
36,385
1,974
Mania tlque.b
4,061 def.1,866 def.2,379
2,7 7
Oct
29,729
32,498
Jan. 1 to Oot 31...,
96,441
84,236
508,741
Mexioan Central.. Oct 1,456,159 1,481,059
445,246
Jan. 1 to Oct. 31... .14,326,763 14,422,945 3,880,866 4,424,309
200.658
176,982
Mex. International Oot
483,923
501,070
Jan. 1 to Oct 31.... 4.847,203 4,410,475 2,010,814 1,735,875
Mexican National. Oct
273,305
637,822
617,976
C240,738
Jan. 1 to Oct. 31.... 6,366,064 6,576,254 c2,400,545 3,091,143
Mineral Range. b .Oct
53,447
15,693
10,991
57,668
66,692
225,202
50,155
July 1 to Oct 31....
212,441
142,533
164,952
Minn. A St. Louls.a.Oot
336,412
340.313
491,914
540,665
July lto Oct 31.... 1,251,224 1.108,545
M.Bt. P. AS. B.M.bOct
692,109
424,654
423,224
198,978
605,591
July lto Oct 31.... 2,187,369 1.514,616 1,200.536
764,003
Mo. Kan. A Texas. a. Oot 1.P91.465 1,690,775
798,782
July lto Oct. 31.... 5,992,236 5,102,910 1,955,543 1.825,233
Missouri Pacific
Sept 3,216,608 2,942,781 1,055,180 1,162,678
Jan. lto Sept 3u.„. 26,724,333 23,194,037 9,556,024 7,519,217
Mont. A Mex. Gulf Sept
43,270
124,319
125,491
49,488
356,701
101,438
July 1 to Sept 30
357.527
107,109
Nash Ch.ABt. L.o..Oct
706.298
260,727
720,791
253,825
July 1 to Oct 3i.... 2,604,926 2,609,546
828,033
934,907
Nev.-Cal.-Oregon.a.Oot
19,201
18,916
8,231
9,506
July 1 to Oct 31....
63,198
23,932
56,856
28,774
Nevada Central
Sept
2,314
257
2,970 def. 1,695
July 1 to Sept 30
9,091
8,304 def.5,336
1,021
V. Y. Ont. A West.aOct
521.701
282,022
169,626
58,782
July 1 to Oct. 31
2,127,510 1,639,877
695,092
524,257
267,119
94,340
N. Y. Bus. A West.a.Oct
127,893
13,936
July lto Oct 31....
998,067
677,593
478,220
253, 5h2
Norfolk A West'n.a.Oct.
1,632.059 1,455,767
629,915
765.667
July 1 to Oct 31.... 6,863,492 6,502,904 2,554,091 2.227,669
Northern Central, b Oct
819,707
618,107
161,973
316,573
Jan. 1 to Oct ol
6,881,071 6,316,171 2,042,078 1.707,478
Northern Paoifio.b .Oct 4,553,641 3,389,965 2.562.553 1,892,651
July lto Oct. 31. ...15,013,819111,858,293 7,870,545 6,044,494
16,428
16,991
Ohio & Little Kana .Sept
4,462
3,874
48,207
40,124
15.424
July 1 to Sept 30...
10,072
Pacific Coast Company -See Miscellaneous Companies.
Brie. a
.
PennsylvaniaLines direotly operated
East of Pitts.* E.Oct 8,651,278 7,718,578 3,518,000 3,039,700
Jan. lto Oct 3l....77,4l9,484 69,970,484 27,531,607 23;i5i;007
Ino.
West of Pitts. AE. Oct
797,600
Ino.
284,400
Ino. 4,356,100
Jan. 1 to Oct 31....
Ino. 2,256,100
Gross KaTuiuyt.
Ourrtnt
Previous
Tear.
17.851
67,131
53,225
339,741
447,741
1,768.669
6,272
53.823
29,402
121,896
69,107
382,063
-
1307*11
Year.
Previous
Year.
.
,
Set A'urnwiyt.
Previous
Year.
Year.
.
Current
Roads.
Pere Marqoette.a..Oot
9
9
9
9
857,031
759.458
191,890
210.024
Jan. 1 to Oct 3l.... 7,635.982 6,842,590 1.831,411 1,606,176
Phlla.&Erle.b
Oct
709.718
489,194
316.372
172.232
Jan. 1 to Oct 31.... 5,6,9,167 4,692, Hll 2.3J5.079 1,634,036
Pnll.Wllin.A Kalt.bOet
1,073.881
946,781
570.136
523.936
NOV. 1 to Oct 31. ...11,808.249 11,324.249 3,94*,721 3,735,521
1.975,938 1.691,225
P1H8.C.C. A Bt.L.a.Oct
643,922
543,360
Jan. 1 to Oct 31. ...17,033. 165 15,703,174 4,977,779 4,183,539
Pltts.A West. By s. b.Sept
418,767
317,779
166.809
103,683
610,521
July 1 to Sept 30.... 1,255,850 1,018,871
360,092
Reading
Company—
FiniH.AReadV.b.Oct 2,870,887 1,878,281 1,177,033
364, H<e
July 1 to Oct 31. ...10,160,719 8,947,700 3,855,301 2,967,205
453.015 df.145, 154
Coal A Iron Co. b. Oot
8,165,134 1,021,046
934,481
July 1 to Oct 31.... 9,780,835 8,296,196
Total both Co.'s.bOct
6,036,021 2,899,327 1,630,048
July 1 to Oct 31. ...19,953,554 17,243.896 4,789.7*2
Reading Co. b
Oct
84,918
324,250
July i to Oct 31
Total allConip's.bOct
1,714.966
July 1 to Oct 31
5,114,032
Rich. Fred. A Pot.. Oct
89,827
82,694
35,188
340,095
128.943
308,761
July 1 to Oct 31....
58.781
Rio urande Jnnot.. Sept
56,425
f 16.927
443,471 f 138,238
460,795
Deo. 1 to Sept 3 O
RlowrandeBouin.tScpt
46,593
47,678
17,779
143,819
141,418
64,9.;1
July 1 to Sept 30....
148,331
130,650
8t ,»os.AGd. Isi.a.Oct
60,835
532,704
492,594
190,194
July 1 to Oct 31....
Ark. bOct
21,700
7,152
10,100
Bt. Louis
80,443
34,332
37,944
July lto Oct 31 ...
Bt.LoulsABanF bkOct 2,177,812 1,817,915 1,069,670
July 1 to Oct 31.... 7,435,404 6,203,832 3,338,408
774,743
771,703
§313,137
at.Louis So'west. b. Oct
July 1 to Oct 31.... 2,452,855 2,272,322
§638,020
Ban Ant.&Aran.P.aOct
305,423
345,634
134,102
934,021
918,946
319,891
July 1 to Oct. 31....
86.482
33.381
SanFr.AN.Pao.a.Nov.
94,823
2c4ol7
643,094
493,137
July 1 to Nov. 30....
saDtaKePres.APh.Oct
82,483
49,614
88,170
324,543
809,082
171.236
July 1 to Oct 31....
Bav.Fla.A West.b.'Oct
668,256
215,874
679,768
July 1 to Oct 3i.... 2,428,948 2,343,951
628.080
8eaboard Air Line aOct 1,062,197
974.383
398,134
July 1 to Oct 31.... 3,772,236 3,436,119 1,279,235
South. Mo. A Ark.bNov.
21,628
16,110
10,328
20^,452
169,759
84.544
Jan. 1 to Nov. 30 ...
i southern Paoiflo.a Oct.
7,891,099 7,417,177 3,168,194
July 1 to Oct 31. ... 28,813,263 25,402,b95 10,986,997
Gal.Har.ASanA.bSept
6*9,811
521,683
171,074
July lto Sept 30.... 1,729,362 1,485,247
497,183
GulfW. T.APao.bSept
17,331
14,839
5,367
July 1 to Sept 30....
45,808
38,343
9,437
Honst.E.AW.T b.Sept
68.739
56,624
18,160
July 1 to Sept 30....
203,310
165,037
49,794
Houst.AShreve.bSept
17,894
15,202
7,079
July 1 to Sept 30.
48.760
35,196
14,261
Louisiana West. b.Sept
143,183
137,296
56,677
July 1 to Sept 30....
428,690
356,435
175,745
M'sr'n'sLa.ATex.bSept
723,071
596,124
290,850
July 1 to Sept 30.... 1,951,071 1,646,592
696,100
N. Y. Tex. A M. b.Sept
37,079
23,737
18.326
July 1 to Sept vO
93,219
60.169
38.510
I'exae AN. Orl. b.Sept
227,424
212,849
39.218
July 1 to Sept 30....
724,176
573,266
188,035
80. Pao. of Cal. b.Sept 1,735,548 1,559,459
698,567
July lto Sept 30.... 5,382,712 4,548,749 2,326,712
8o. Pao.of Ariz.b.Sept
334,010
288,296
175,186
July lto Sept 30....
987,464
814,146
513,021
flo.Pao. of N.M. b.Sept
200,920
152,894
121,449
July lto Sept 30....
587.450
447,990
867,264
Southern Railw'y.aOct 3,555,888 3,402,849 1,302,156
July 1 to Oct 31. ...12,579,971 11,930,030 4,030,121
Texas Central. a.... Sept
50.293
52,117
19.028
July 1 to Sept 30....
130,702
113,564
45,773
loieao AO. Cent. a. Oct
258,898
233,249
68,034
July 1 to Oct 31.... 1,023,010
880,355
273,908
ToLPeorlaAWest-bNov.
99,142
92,457
18,599
July 1 to Nov. 30....
609,567
509.441
142.704
Toronto Ham. A Bufl. Oot.
58,404
38,637
27,629
moo Pacific
a.Oct 4,797,260 4,542.867 2,480.818
July 1 to Oct 31.... 17, 110,362 16,081,479 8,355,684
Wabash. b
Oct 1,805,700 1.643,001
617,654
July lto Oct 31.... 6,705,705 6,135,993 2,131,804
W.Jersey A Beash.bOct
260.730
237,330
41,638
Jan. lto Oct 31.... 3,248,421 3,069,521
920,695
W. Va.C. A Pitts.b.Sept
32,153
102,167
9\338
July lto Sept 30....
286,546
111,153
309,588
Coal Departm't b.Sept
44,431
July 1 to Sept 30
112,475
Real Est. Dept. b.Sept
8.513
July 1 to Sept 30
23.191
Total. b
82,097
Sept
July 1 to Sept 30
246,819
Wheel. A L. Erie.... Oct
286.643
113.489
328,280
July lto Oct 31.... 1,236,882 1,030,384
403,859
Wlsoonsin Central b Oct
216,419
656,975
489,683
July 1 to Oot 31.... 2,126,923 1,901,738
819,731
Wrlghtsv.ATenn.bOct
17,375
9,053
16.847
July 1 to Oct 31....
16,227
45,905
57,763
Yazoo A Miss. Val.a.Oct
653.857
230,083
666,434
July 1 to Oct 31.... 1.970,512 1,759,750
462,877
AN
a Net earnings here given are
256,211
219,712
3,223,416
21.504
89.058
241,516
3,312,474
35.028
122,688
f 17,634
f 133,041
21.785
60,557
50,408
193,316
2,073
15,366
864,386
2,713,639
§383,569
^992,571
189,156
325,364
35,113
225,318
40,871
158,838
201,679
652,441
203,781
608.482
6,636
63,407
3,030,000
9,343,803
138.845
288,226
6,045
5,969
13,815
39,184
7,227
14,051
61,269
123,082
222,083
526,302
11,475
20,*44
78,080
191,266
691,832
1,937,034
153,013
397,312
94,593
261,3421.234,665
3,843,936
27,973
45.945
70,271
244,257
18,156
141,645
14,606
2,199,927
7,295,592
837.399
1,898.582
37,788
697,495
42,297
125,119
51,944
155,739
9,718
20,130
103,959
300,988
93,334
358,425
184,825
712,831
9.472
24,382
340,892
607,459
alter deducting taxes.
Net earnings here given are before deducting taxes.
e Of the balance here given there was charged oil for repairs,
replacements and general expenses in Ootober $3b,992, leaving
$203,746 applioable to interest on bonds. From January 1 to Oot
31 there was charged oil for this purpose $375,166, leaving a
t»
THE CHRONICLE.
1308
balance of $2,025,889. These figures are In Mexloan ourronoy, and are
•onvertlble Into k<>]«1 at the oarrent rate of exchange.
d Gross earnings Include other Income.
f Thirty per cent of groan earnings.
g After allowing for other lnoome received, net In October, 1901. was
$145,972 against $117,149 from July 1 to October 31, 1901, $237,186
against $236,679.
1 These figures Include Houston A Texas Central and Its absldlary
lines and the Cromwell Steamship Line.
kTheeo figures Include In botli years results on Kansas City Fort
Scott it Memphis RR. and Fort Worth dc Rio Grande KR.
ii Includes Paduoah A Memphis Division from July 1 In both years.
October. 1901, taxes and rentals amounted to $172,531,
t For
against $16b,894, after deducting which net for Ocober, 1901, was
$2,235,165, against $2,074,560. From July 1 to October 31,1901,
taxes and rentals amounted to $681,040, against $654,572, after deducting which net was $7,990,979, against $6,204,792.
§ Net earnings are after allowing for expenditures for betterments.
* These figures inolade, besides the old Savannah Florida & Western,
Savannah
the Alabama Midland, Brunswiok A Western, Charleston
and 811ver Springs Oe-ila A Gulf, all of which have now been consolidated. For last year the earnings of these separate roads are combined
for purposes of comparison.
;
A
i
VLiscel Llaneons
Companies.
—Oross Earnings.
Current
Companies.
>
Previous
Tear.
Tear.
9
$
•
Net Earnings.
Current Previous
Year.
$
.
Year.
3,271
13,028
33,652
4,168
72,926
28,746
323,580
9
3,179
11,368
27,355
3.073
64,078
20.822
312,511
10,145
52,690
16,186
126,438
4,170
24,972
7,543
35,621
15,649
119,652
2,889
19,984
Bt. Paul Gas-Lt. Co. Sept
Jan. l to Sept. 30....
43,590
104,861
934,692
7,453
18,586
4,724
28,819
9,274
63.399
80,933
195,343
5,164
13,264
27,446
219,969
48,109
96,883
865,584
5,528
15,504
4,343
24,090
7,864
54,526
144,831
284,433
5,325
14,972
23,705
198,591
Western Gas Co.—
Mllw'ee Gas-L. Co.Sept
Jan. 1 to Sept 30....
48,786
381,911
46,941
384,750
Bingham ton Gas... Sept.
May
Sept 30. ..
Oct
Buffalo Gas Co
1
to
Consol. Gas Co.. N.J.Nov.
July 1 to Nov. 30
Detroit City Gas.... Aug
Jan. 1 to Aug. 31...
Gas & Electric Co. of
Bergen County.. Oct
June 1 to Oct. 31
Gd. Rap. Gas-L. Co. Sept
Jan. 1 to Sept 30....
Jackson Gas-L. Co. Nov.
Mar. 1 to Nov. yo ...
Knickerbocker Ice ComSept
pany (Chic.)
Laclede Gas L't Co. Nov.
Jan. 1 to Nov. 30
Lowell Elec. Lt. Co. Oct
July 1 to Oct. 31....
Madison Gas AElec.Sept
Apr. 1 to Sept 30....
Mexloan Telephone. Oct
Mar. 1 to Oct 31....
Faolfic Coast
July
1
—
Co..aAug.
to Aug. 31
24,400
116,480
16,422
56,557
22.251
95,212
16,031
56,307
18.047
15,718
140,707
122.197
399,024
519,623
855,410 1,045,495
Bt. Joseph Gas L.Oo.Sept
July 1 to Sept 30....
.
Interest Charges and Surplus.—The following roads, Id
addition to their gross and net earnings given in the fore
going, also report oharges for interest, &o., with the surplus
above or deficit below those oharges.
.
Int., rentals, etc.
Previous
Current
Year.
Year.
9
2,083
10,416
12,928
51,889
800,000
8,2CO,000
129,210
523,229
319,000
2,233,000
52,465
593,316
227,568
932,098
33,688
134,753
28,117
206,237
817,774
26,500
79,500
78,642
314,566
73,017
290,934
24,147
97,001
11,447
44,314
7,283
31,618
308,469
1,220,173
152,510
610,089
2,210
8,960
192.041
768,526
126,052
1,225,672
Olev.Cln.Ch.&St. L.Oct
July 1 to Oct. 31....
Peoria A Eastern.Oct
July l to Oct 31....
Glev.Lor'n A Wheel. July
Den. A K. Grande... Oct.
July 1 to Oct. 31
Detroit Southern. . .Sept
July 1 to Sept 30
Dul. So. 8h. & Atl...Oct
July 1 to Oct 31....
Oct
Hooking VaUey
July lto Oct 31....
Ind. IU.
& Iowa
Oot
to Oct 31....
Kanawha & Mich... Oct.
July 1 to Oot 31....
July
1
Oct
Mineral Range
July 1 to Oct 31
Mo. Kan. A Texas.. Oot
July lto Oct 31....
Wash v. Ohat.A 8t. L.Oct.
July 1 to Oct 31....
Nev.-Cal.-Oregon...Oct
July lto Oct 31....
Norfolk & West'n...Oct
July 1 to Oct. 81....
Pere Marquette
Oot
Jan.
lto Oct 81....
,-Bal. of Net Barn's.
Year.
Roads.
July 1 to Nov. 30
>
Ourrent
Atlantic & Birm'gb.Nov.
Cent. New England.Oot
July 1 to Oct 31
Chic. Burl. A Qulnoj Oct
July 1 to Oct 31
Chic. dr. E. Illinois.. Oct
July 1 to Oct 31....
Ohio. R. Isl. A Pac.Oct
Apr. 1 to Oct 31....
Olioo. Okla. A Gulf .Oct
Nov. 1 to Oct 31....
—
~
Previous
Year.
[Vol. LXXllI.
— Int., rentals,
Previous
Year.
*
Year.
Roads.
ASt
Pi ts.O. U.
Jan. 1 to
L.
Oct
Oot 31
etc.
Current
315.051
3,357.809
.
r-Bal.ofNel Earn's.—
Current Previous
Year.
9
9
342.377
328.871
3,134,663 1,619,970
Year.
»
200.983
1,048,876
Reading—
companies... Oct
862,000
790,979
July 1 to Oct 31.... 3,448,000 3,163,918
Rio G-andeJunot'n. Sept
7,708
7,708
Dec 1 to Sept 30
77.083
77.083
Rio Grande South.. Sept
19,311
17,833
July 1 to Sept 30
55,028
54,426
St. Jos. A Gr.jlsl'd
8.750
Oct.
8,750
July 1 to Oct 31....
35,000
35,000
St. L. <fe San Fran. ..Oct.
484,809
375,689
July 1 to Oct 31
1,657,312 1,521,682
San Fran. ANoPac Nov.
22.771
22,863
July 1 to Nov. 30
113,855
114,314
South. Mo. & Ark.. .Nov.
3,802
Jan. 1 to Nov. 30
34,300
Southern Paoiflo...Oct a2,403.449
July 1 to Oct 31... a8,825,397
o;edo & Ohio Cen. .Oct.
39,827
33,734
July lto Oct. 81 ...
159,576
135,284
Coi Peo.A West... Nov.
23,050
22,744
July 1 to Nov. 30....
115,254
113,764
Toronto Ham. &Buff.Oct.
14,621
14,666
*. Va. Cen.A Pttts.tSept
25,535
25.733
July 1 to Sept 30....
76,498
77,233
Wisconsin Central.. Oct.
139.940
131,253
July 1 to Oot 31....
560,945
541,154
A.I1
852,966 df.549.463
1,666,032
148,556
9,219
9,926
61,155
55,958
def. 1.532
3,952
9.903
6.131
S2.085
41,658
155,194
158,316
"584,410
'493,830
1,700.372 *1,225,147
10,610
12,551
120,162
111,004
6,526
. .
'
'
50.344
•343.459
2,515,840
•28,602
•115,883
*36,760
*109,409
def. 4,451
def. t.588
27,450
13,008
56,562
170,321
•78,907
•267,152
27,881
def.60
78.226
223,755
•52.337
*176,735
After allowing for other lnoome received.
Includes operations of railroads and coal and real estate departments.
t These figures are after allowing for other lnoome and for discount
and exchange. After deducting $10,000 for Renewal Fund and
bond conversion in Oct., 1901, and 815,000 In Oct., 1900. the surplus
for the month Is $233,146, against $214,546 a year ago. From July 1
to Oct 31, 1901, the deductions for this purpose were $40,000,
against $60,000 a year ago, leaving a surplus of $945,089 In 1901,
against $722,234 in 1900.
a These figures for October inolude $1,041,^31 appropriated for
betterments and additions to properties and equipment; from July 1,
to Oct. 31 the amount expended for these purposes was $3,375,227.
t
Philadelphia Company.
,
November.
1901.
1900.
$
.
«fc
^-Jan. 1 to Nov. 30,-s
1901.
1900
$
$
2,745,743 2,206,580
1,680,774 1,357,244
286,971
Gross earnings
Operating expenses and taxes.192,3 19
203,670
173,281
Net earnings fr'm opera't'n.. 94,652
5,588
Other inoomet
36,389
12,055
1,064,969
Total earn'gs& other inc.. 100,240
21,499
Deductions from income *
48,444
13,687
1,577,982 1,208,382
263,487
223,469
78,741
34,757
1,314,495
984,913
17,708
16,667
17,708
16,667
194,791
183,251
190,625
183,251
Total income
Interest on funded debt
Dividends on preferred stock
.
513,013
849,336
359,046
34,375
34,375
378,042
373,876
44,366
382
936,453
611,037
Corporations!—
Net inoome
88,424
Proportion to others than
Philadelphia Co
944
63,187
870,621
630,611
446
9,363
8,113
Net inoome of company
Affiliated
Phil. Co.'s int. in net inoome. 87,480
62,741
861,258
622,698
9
9
2.083
3,063
1,026
•These deductions Inolude the following items Rentals of leased gas
10,416
8,152
def. y 64
lines, Interest on current liabilities, Interest on consumers' cash
12,429 def.7,342
1,185 advances, etc.
49,906
833
8,104
t The net earnings of the affiliated corporations only appear in the
797,260 1,470,203 1,520,867 Inoome of the Philadelphia Co. as they are deolared in dividends.
3,189,040 4,955.707 4,356,813
Consolidated Gas Co. of Pittsburg, Allegheny 111. Co.,
! Includes
Light Co., Allegheny County Light Co., Ohartlers
180,829
152.795 *109,976 Braddock Gas
523,299
•486,806
•307,432 Valley Gas Co., Union Gas Co. of McKeesport, Equitable Gas Co.,
United Traotion of Pittsburg.
316,997 1,046,855
735,841
2,218,979 4,366,515 8,236,550
COMPANIES.
43,560
215,384
149,091
497,835 1,431,727
730,903
The following table shows the gross earnings for the latest
238,394
802,130
293,305
968,235 1,095,145
803,944 period of all street railways from whioh we are able to ob33,750
36,648
37.855
135,000
84,448
96,987 tain weekly or monthly returns. The arrangement of the
28,117
72,705 def.5,617 cable is the same as that for the steam roads that is, the
206,603
1243,146
1229,546 first two columns of figures give the gross earnings for he
819,614
1985,089
1782,234
latest week or month, and the last two columns the earnings
4,840
12,994
(or the oalendar year from January 1 to and including suoh
78,225 *def.9.137
•5,292
latest
week or month.
•69,399
312,899
•55,187
68,824
•155,708
•142,584
STREET RAILWAYS AND TRACTION COMPANIES.
296,409
*50l,068
•385,825
20,764
23,295
21,884
84,633
109,158
66,718
Latest Oross Earnings.
Jan. 1 to Latest Date
•15,744
10,735
•7,419
EAKNING8,
42,642
*89,808
•19,313
WeekorMo Our'nt Prev'us Current Previous
*8,484
4,512
•6,718
Year.
Year.
Year.
Year.
"18,763
18,481
•48,522
289,313
490,313
474,690
9
$
9
9
1,157,206
735,370
668,027 American R'ys. Co. 4. November 73,798 61,888 796,296 727,907
160,326
101,315
100,401 Augusta (Ga.) By. A
Eleo
October... 18,031 15,772
169,950
157,049
644,302
217,994
290,805
Bingham ton RR
October... 16,884 14.792
170,000 152,494
2,250
6,021
7,256 Br'klynRap.Tr. Co... October... 1.067.10A 991,454 10463946 10066066
9,000
19,814
14,932 Jhioago A Mil. Eleo.. November 12,041
9,782
159.454
131.066
187,538
573,626
442,377 Oln. Newp. & Cov
September
610.642 588,710
750,488 1,785,565 1,477,181 OltyEleo. (Rome.Ga.) November
3,177
3,000
37 670
86.976
5,128
4.125
39,365
40,925
118,018
68,838
97,006 OleT.Chagrin F*s El'o Ootober...
Cleveland
Eastern.
A
Ootober...
7.201
8,765
75.163
52.131
1,100,058
605,739
506,118
:
&
STREET RAILWAYS AND TRACTION
—
December
THE CHRONICLE.
81, 1901.
Latest ()ro§§ Earnings.
Ghosh
Eawunqs.
Our'nt
Tear.
Week or if o\
Jan.
Prev'ut
Year.
1 to
I.
air hi
I
Year.
Year.
.
.
October.
(Buffalo)
Lehigh Traotlon
LondonSt. Ry.(Can.)
Lorain A Cleveland.
Mad. (Wis.) Traotlon
Haas. Eleo. Co.'a
Montreal Street Ry.
Muaoatlne St. Ry
.
1,876.050
163,674
131 184
2,367,595
95,706
1,187 728
2,437,784
4.8:>3
56.032
37,159
25,324
412,901)
331,401
284,719
27,103
580501 234,152 8,998.737 2,216.663
November
October...
September
November
10.419
10,105
11,804
5.50o
8.109
9,257
9,756
118.228
lib. 814
76,775
64,263
101,711
97,641
76,068
Ooiober... 483 939 442,195 5,000,167 4,765,434
Ootober... 6r\060 159,277 1,601,683 1,504,787
6,434
5,776
59,248
October
56.743
September 10615
9.812
79,401
NewburgSt. Ry
76.391
New Castle Traotlon Ootober... 8,516 8.385 105,606 112.407
3,554
3.S65
64,465
57.814
New London St. Ry. November
Northern Ohio Traot November 49.248 40,932 563,527 475,330
4200 3,934
November
Olean St. Ry
49,629
46.988
Philadelphia Comp'j November 286,971 209,670 2,745,743 2,206,580
18,737 11,082
143,774
Pottev'e Union Trac. Ootober
120,608
Railways Co.Gen.—
November 16.101 12,603 200,762
Roads
.
.
.
November
2,083
Traotlon.. September
Light Co's
Richmond
20 991
1,866
20,727
17,850
169.748
166.909
36.901
32,833
344,211
308,422
Sacramento Eleotrlc
Gas* Ry
Ootober.
Louis Transit
8ohuylkill Traction.
Soranton Railway...
Sioux City Tract
Southern Ohio Traot
Staten Island Eleo.
Taoouia Ry. A Power
Toledo Rys. A Light.
Toronto Ry
Twin City Rap. Tran
Union (N. Bedford)
United Traction— )
Albany City \
United Traot. (Pitts.)
United Tract. (Prov.)
8t.
.
November 479,390436,762 5,312,793 4,004,928
November 11,382] 7,722
Ootober
. .
November
November
t
48,780
14,590
22,886
September
508,189
188,678
812,432
49,729
314,433
564,856
270164
. .
November 171,425 153,657
November 203,100 189,287 2,456,589 2,174,329
8,603
6,200;
46,167
80,559
These are results for properties owned,
Strike of employes in October, 1901.
Street Railway Net Earning.— In the following we show
both the gross and the net earnings to latest dates of all Street
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns of the
different roads are published by us each week as soon as received, and once a month (on the third or the fourth Saturday of the month) we bring together all the reads reporting,
as
is
—
done to-day.
Cross Earnings.
Current Previous
.
Year.
Roads.
Amer. Light & Trac. Nov.
Augusta Ry. & Eleo.Oct
18,031
Jan. 1 to Oct 31
169,950
Blnsrhamton RR.b. Oct
16,884
July 1 to Oct. 31
79,311
Brooklyn Rap. Tr.a.Oct
1,067,106
July 1 to Oct 31... 4,600,707
Chicago Eleotrlo Trac—
July 1 to Sept. 30....
34,740
Chic. & Milw. Eleo. Nov.
12,041
Jan. 1 to Nov. 30
159,454
Cln. Newp. A Cov.—
Jan. 1 to Sept 30
610,642
3,177
37.670
01tyEleo(Rome,Ga)Nov.
Jan. 1 to Nov. 30....
C1.& Chag. F. Eleo.aOct
Jan. 1 to Oct 31
Clev. & Eastern. a.. Oct.
Jan. 1 to Oct 31
Cleveland Eleo. a... Oct
Jan. 1 to Oct 31....
Clev. Elyrla& West. Nov.
Jan. 1 to Nov. 30
Olev. Palnesv. <fe B.Nov.
Jan. 1 to Nov. 3o ...
Cons.Tr.(Plttfib.).b.Oct
Apr. 1 to Oct. 31
Den v. City Tr'mw.bNov.
Jan. l to Nov. 30
Nov.
Detroit United
Jan. 1 to Nov. 30
Rapid Railway... Nov.
Nov.
Tetal
Jan. 1 to Nov. 30
Duluth-Sup. Trao.. Oct
Jan. 1 to Oct. 31
Elglu Aurora'<fc8o...Nov.
June lto Nov. 30. ..
Galveston City Ry..Oct
5,128
39,365
8.765
75,163
200,280
—
.
.
'
,
Net Earnings.
Current Previous
Year.
9
8
15,772
157.049
14,792
69.974
991,454
4,217,912
89,381
8,019
67.671
7,590
38,994
294,710
1,469.188
1,616,388
31,711
9,782
131,066
11,173
6,237
91,219
9,110
4,178
77.125
588,710
3,000
36,976
4.125
40,925
7,201
52,131
194,615
8
Oct 31
Lorain A Cleve. Ry
Jan. 1 to
Lynchburg
A
Year.
Year.
Year.
10,105
116,814
8
8.257
97,641
8
3,749
44,539
27,999
11,804
9,756
7,683
5,810
8
-'.054
(Va.) Traction
LlKlit—
Muy lto
Oct.
31....
Madison Traction.. No v.
*ewbur« Eleotrlo.. Sept
July 1 to Sept 30....
83,359
33.926
05
10,615
37.618
9.812
36,581
1,494
4,646
20,782
4,952
20,639
New
8,516
49,586
8.385
50,313
1,365
17.972
1,649
-0,942
New London St. Ry.Nov.
3,865
38,978
3,554
85,789
342
401
July 1 to Nov. 30
17,99'2
14,730
Northern Ohio Trao Nov.
Jan. 1 to Nov. 30
49,248
563,527
40,932
475,380
81,501
243,650
13,890
179.944
Nov.
Olean Street Rv
July 1 to Nov. 30
Richmond Traction. Sept
Oot lto Sept 30....
Sacramento Eleotrlo Gas
Oct
A Railway Co
4,200
25,876
20,991
218,570
3,934
23,837
20,727
203,056
2,156
14,800
5,322
79,027
1,541
12,832
9,957
94,868
32,833
18,975
279,661
165,214
48,780 1df.26,66l
219,003
69,428
17,497
92,9*0
22,886
11.713
270,164
144,259
26,795
11,597
101,220
60,049
972,478
556,126
240.793
152,898
2,342,822 1,424,216
153,657
66,222
17,906
152,521
13,993
90,510
15,088
71,983
9,178
130,138
5,369
49,126
457,145
131,292
1,252,315
70,309
Castle Tract. Oct
July 1 to Oct 31....
Oct 31
Soranton Railway.. Oct
July lto Oct 31....
Feb. 1 to
5,f
36,901
312,106
12.638
197,662
80. Light A Tract. ..Sept
Apr. 1 to 8ept 30
South. Ohio Traot.. Nov.
Jan. 1 to Nov. 30
27,701
312,432
34,087
Taooma Ry. & P.... Oct
114,666
Toledo Rys. <k Lt.a Oct
1,072,250
Jan. 1 to Oct 31
270,953
Twin City Rap. Tr... Oct
Jan. 1 to Oct 31.... 2,611,117
171,425
United Trao. (PlttB.) Nov.
.....
a Net earnings here given are after deduotlng taxes.
b Net earnings here given are before deduotlng taxes.
The earnings of the Rapid Railway are included in these figures
from July 1 only.
*
Strike of employes during Ootober, 1901.
t
from January 1 to Sept. 30, 1901, $116,783,
J Taxes and tolls
against $136,119. After deducting these items the net from Jan. 1
to Sept. 30, 1901, $246,362, against $215,370.
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report oharges for interest, &o., with the
surplus or deficit above or below those charges.
^Bal.ofNet Mam's.-*
Int. .rentals, etc.
8
65,953
6,104
65,264
6,675
34,315
351.472
Current
Year.
Roads.
CI. & Chag. F. Eleo. Oct
Jan. lto Oct 31
Oct
Clev. & Eastern
.
—
Jan. 1 to
Oct
31....
Cleveland Eleotrio.Oct
Jan. lto Oct 31
Cons. Trao. (Pittsb.)Oct
Apr. 1 to
Oot
31....
Denv'r City Tramw Nov.
Jan. 1 to Nov. 30....
Internat'l Tr. (Bufl.)Oct
July 1 to Oct 81
Street Ry..Oct
Jan. lto Oct 81....
Lynchburg ( Va.) Traotlon
London
J363.145
(360,489
483
189
4,975
7,350
1,189
2,760
13,551
13,237
4,141
3,758
32,038
22,275
94,276
90,618
853,272
778,524
4,021
8,756
104,086
62,955
4,614
4,609
72,632
68.678
150,747
149,043
935,263
968,833
48,911
54.025
523,721
623,934
92,146
106,125
1,204,368 1,025,999
10,533
116,658
•1,289,953
16,504
16,155
164,870
8,643
10,184
94,371
62,609
2,€09
9,592
9,016
311,512
113,698
526,150
1,353,092
5,970
4,641
64,224
51,498
1
,
Year.
Year.
1,701,316
15,813
229,853
163,674
13,228
10,925
153,051
131,184
277,008
257,180
1,847,328 1,732,846
118.863
109,768
1,374,784 1,18V ,728
254,807
219,802
2,647,729 2,335,955
27,979
282.786
2,83^,664
38,678
37,116
373,945
27,322
25,324
196,432
167.949
10,804
Harrlsb'g Tract'n..0ct
32,163
27,103
Intern'l Tr. (Bull.).. Oct.
580,501
234,152
995,349
July 1 to Oct 31.... 2,382,778
Lehigh Traotlon a.Nov.
10,419
8,109
118,228
101,711
Jan. 1 to Nov. 30....
1,905,914
21,125
,
Year.
Roads.
Lond.Ht.Ry.(Can.)aOct
.
Previous
47,15=.
84,087 26.795
239,149
Ootober... 114,666 101,220 1,072,250
972,478
Ootober... 152,514 126,53* 1,360,848 1,228,952
October... 270.9531240.793 2,611,117 2,342,822
November 21,797! 19,016 256,470 230,487
November 118.792 111,338 1,244,449 1,230,142
October
Wll.&NewCastleEleo August
i
2,638
6,272
27.701
1
3
Current
Previous
Current Previous
174,784 2,097,210
15,8 IS
229,853
10,9^5
158.0S1
257,180 2,529,557
7,450
113,731
10»,7«8 1.374.784
61.179 2.762.282
.
— Cross Earnings.——. — Set Earnings.
Current
tale
$
Cleveiand Eleotrlo
November 191. •-".•!
Cleve. Ely 4 West... November 21.125
Nu\ ambei 13,22*
Cleve. Pains v. A E.
Consol. Trac. (Pitts.) October.. 277,008
8.607
Dart.* Wport St.Ry. November
\<>\ ember
Denver City Tram..
57.144
Detroit United
•Jd wk Dec.
4.6." 4
Rapid Railway..... 2dwk Dec.
Total
_M wk Dec. 61,79*
Duluth-Sup. Traot. )
38956
Duiuth hi. Ry.... < Nov ember
Elgin Aurora A Sou November 27,325
Galveston City
October. .. 10,801
HarrlsburgTraotlon. October. .. 32,163
Internat'l Traotlon-
13U«J
$
1,362
11,238
3,205
35,653
21,256
200,894
63,974
444,825
32,437
350,749
100,928
408,134
1.957
19,800
Current
Previous
Year.
Year.
9
9
1,398
1,004
2,313
10,906
936
3,123
27,568 def.3,615
69.362
27,828
652,378
218,213
tll5,517
63,213
1724,980
434,751
21.588
31.607
273,185
343,220
•231,323
82,758
324,551 '1,039,972
1.792
1,691
24,739
18,294
A Light—
May lto Oct 31....
Northern Ohio Trao. Nov.
Jan lto Nov. 30....
Sacramento Eleotrlc Gas
Oot
A Railway Co
Feb. lto Oct 81
Toledo Rye. & L'ht.Oct
Jan. 1 to Oct 31....
T«rln City Rap. Tr...Oot
Jan. lto Oct 31
UnltedTrao. (Pltts.)Nov.
Previous
Year.
9
185
2,331
635
def.5,293
66,448
560,311
1113,928
(698.383
17,30
180,501
•37,205
•238,187
363
9,708
18,750
12,437
123,848
10,417
134,781
14,546
9.064
119,802
3,473
45,163
9,660
84,418
87,812
339,542
75.664
736,437
41,793
8.926
80,436
34,271
340.508
68.256
695,408
41,795
9,315
80,796
22,237
216,584
77,234
687,779
24,429
8,980
72,086
14.855
116,637
63.036
556,907
28,514
After allowing for other Income reoelved.
These figures lnolude other lnoome. After deducting $86,143 for
interest on fnndeddebt and dividends on preferred stock In Oot..
1901, and $86,476 In 1900, there Is a surplus of $29,374 this year,
against $27,452 last year. From April 1 to Oct. 31, 1901, the deduo.
tion for interest and dividends was $604,601, against $605,621 In
1900, leaving a surplus of $120,479 this year, against $92,762 last
•
t
year.
ANNUAL REPORTS.
is an index to all annual
and miscellaneous
railways
reports of steam railroads, street
companies which have been published since the last
editions of the Investors' and Street Railway Supple-
Annual Reports.—The following
ments.
THE
1310
CETRONlCLIi.
This index does not include reports in to-day's Chronicle.
Kaii.hoads,
Ktc—
Page.
AiiibimiH Great Southern
mos
Alabama |S VloklbUTg
1167
"56
782
Aineilciiii Alk.dl
American Blorole
Imerloan Cotton Oil
American Grasi Twine
statement. Nov.,
i'*i».
(offlolal
Malttbg
Soda fountain
IIim«or
Aroostook
Unseed
055
1060
mob
Typefounder!
Window
Baltimore & Ohio
965
f.r)6
Glass
Page.
mo
baler Linotype
i*oo
Michigan Central
Minn. Si. I». A Sault Ste. Mane. . . H97
W8, 96i
Minneapolis A St. Louis
1008
Mobile Jackson A Kansas City
M88
Mobile .v Ohio
836. 781
Nash. Chat. A Bt LoolS
1262
New Orleans A Norilieustern
If ergent
1108, 1115
N.
V.Ont. A Hud.
Kivcr..719. 779. 790
Padflo Coast
..903,963
May
842
840
A Iowa
1208, 1217
Iowa Central.
Kansa< City Ft. Scott A Mem. Rail1165
way (application to list)
People's Gas Light A Coke (bal.
953
sheet of Oot. 1. 1001)
1158
PlttSOurg lire wink'
1109
Western
Pittsburg A
1008
Portland A Kiiuilord Kails....
898
Pullman Co
Railroad Securities (official state953
ment)
780 837, 846
Heading Company
1157, 1164
Itio Grande Western
J0U7
Rutland
1059
St. Joseph AGrand Island
840
*t. Lawrence A Adirondack
896, 911
St. Louis A San Francisco
954
Phoenix
santa Fe Prescott A
1008
Somerset Ry
1261
Southern Indiana.
054
Texas Central
8«6
Toledo St. Louis A Western
1206
Torringtou Co
115S
of
Breweries
Chicago
United
1060, 1066
Unit ed Fru it
1167
Vicks. Shreve.APac
789
Westeru Union
West tnghouse Air Brake (bal. sheet
849
of July 31, 1904)
1058
Wheeling A Lake Erie
.....888, 85*.
Wtsconsia Central.
Kansas City Southern
Lake Brie A Western
Luke Shore A Mich. South
8TRBKT Railways—
Montreal Street Ry
\,
hflfl
B0Bf>n A Mulno
Buffalo
1007
1168
954
Gas
Canada Atlantic
Canada Southern
vmu
Central of (Jeor^la
Central Vermont
12t)l
840
720, 839
Chicago A Alton
Chicago Burlington A Oulncy..78u, 787
Gulf
1201
Choctaw Oklahama
839
Cincinnati 11am. A Dayton
>Sc
Akron a Columbus
055
Cleveland Lorain A Wheeling
953
841
Colorado Midland
1109
Consolidated Lake Superior
841
Crucible Steel of America
Detroit A Mackinac
1261
Detroit Southern (statement of
Cleve.
Sept. 30. 1901)
Distilling Co. of
1261
America
842, 897
Glucose Sugar Konnliig
Groat Northern
842
780, 895, 903
Hall Signal Co. (bal. sheet of
81,1001)
Indiana
Illinois
1206
1260
1260
Earnings, Etc.
Page.
1059
LXXIU.
—The tables of operations and earnings and
the balance sheet follow:
1167
1007
1067
Maine Central
Manhattan By
.
12><2
iikii)
American
American
American
American
American
I
Kaimioadm, Ktc. (Con.)—
Lehigh k IIiuIkoii UIvit
[Vol.
STATEMENT FOR YEARS KNDINO JUNK
Operations—
Mileage operated
GrosB receipts from oper. per mile of roaa.
Net receipts from oper per. mile of road
xNumber
of tons carried
x
do.
do. one mile
Average receipts per ton per mile
Freight reoeipts per mile of road
30,
1900 AND 1901.
1900.
1901.
833-391
$4,903
943 71
1,834,136
558,332,601
$-00613
4,074
1-75631
833*391
$5,703
1,024 50
1,848,028
571,483,288
$00687
4,709
2-06730
Freight receipts per train mile
> Train load intone
315
xNnmber of passengers carried
479,993
xNumber of passengers oarrled one mile.. 20,402,416
Avetage receipts per passenger per mile...
$02416
Uro&s receipts
Freight
$3,421,909
y333
620,845
26,292,363
$02374
—
Passenger
Total
Operating expenses —
6<!4,235
$4,118,763
$4,753,066
$843,455
601,749
$703,553
623,164
1,710,952
169,859
1,835,819
236,636
$3,326,015
$3,899,222
Maintenance of way and struoturea
Maintenance of equipment
Conducting transportation
General expenses
Total
$3,924,531
493,089
203,766
Mail, express, eto
101,3^0
Net reoeipts from operation
$792,749
$1,353,845
Percentage of oper. expenses to reoeipts...
71-52
80 75
Credit items—
Construction, July-Dec, 1900, included in oper. expenses..
$29,818
Miscellaneous lnoome
523
-
Aotual net income
Deductions —
Taxes..
$1,384,186
$114,600
762,903
28,000
Interest on bonds
Interest on receivers' certificates
Kansas City Southern Railway.
Total
$905,503
Balance surplus
*$478,683
("Report for the year ended June SO, 1901. J
Note.— Property operated by Samuel W. Fordyce and Webster
President Stuart R. Knott says in substance: The comWithers, receivers, K. C. P. & G. RR. Co. from July 1, 189y, to March
pany was incorporated under the laws of Missouri on March 31, 1900.
19, 1900, and having purchased the property of the Kansas
Gulf RR. Co. at foreclosure sale, began the
City Pittsburg
operation thereof on April 1, 1900. For convenient reference
the gross receipts and net receipts from operation for the
fiscal year ended June 30, 1901, are compared with the results of operation of the same property for the preceding
twelve months. The business of the company at Kansas City
has been handled with reasonable satisfaction nnder a contract with the Kansas City Suburban Belt RR. Co., which
property has, during the greater part of the fiscal year, been
operated by receivers. No part of the operations of the Kansas City Suburban Belt RR. Co,, or its allied companies, is
included in the returns of earnings [tabulated below]. The
receipts of that property for the fiscal year ended J one 30,
1901, after payment of expenses and taxes, as reported by its
receivers, were $183 813.
Improvements. The expenditure in completing the property, building new bridges and yard and side tracks, for new
ballasting and necessary changes in grade and alignment,
etc., during the period from April 1, 1900, to June 30, 1901,
amounted to $1,041,004. The expenditure for additional cars
and engines, consisting mainly of 200 furniture cars, 500 box
cars, 200 flat cars, 300 stock cars, 2 mail and express cars, 6
cabooses and 10 locomotives, from April 1, 1900, to June 30,
Both engines and cars will have to be in1901, was $1,204,606.
creased in number during the present fiscal year. Twentythree timber trestles, aggregate length 2,707 feet, were re
placed by steel bridging, aggregate length 1,626 feet, 1,018
feet of unnecessary opening being filled. The bridges across
Elk, Red and Houston rivers were replaced with modern
The most important piece of work completed during
steel.
the year was tne new bridge over the Red River, north of
Texarkana, and the change of line in connection therewith.
Conditions are such that a large proportion of the company's traffic is made up of low classes of freight, which must
be handled at correspondingly low rates. To secure reasonable net returns, therefore, the most improved facilities of
the highest standard of excellence should be employed. The
work heretofore completed was with this end in mind, and
similar work will have to be continued for some time to
come. Heavy expenditures will have to be made during the
current fiscal year in order to provide adequate terminal
facilities at such important points as Shreveport, Texarkana,
Beaumont, Pittsburg (Kansas), Joplin and Neosho. Later,
attention will then have to be directed to a general reduction
of grades between Kansas City and Shreveport,
Obtaining Title to Subsidiary Properties. It would seem
that a foreclosure decree can be entered in the several causes
affecting the Kansas City terminal properties some time during the early part of the coming calendar year. (V. 73, p.
1010.) The causes involving the Port Arthur terminals have
also progressed, and it is hoped that a decree of foreclosure
can be obtained during the latter part of the current year, or
in the early part of the coming calendar year.
Equipment. The equipment on June 30, 1901, included:
Locomotives, 113", passenger oars, 53; freight oars, 6,172, all
equipped with automatic couplers, and 5,987 of them with, train
&
—
—
—
brakes; miscellaneous cars, 484.
— A table shows that of the freight carried during
two years (aggregating 1,848,028 tons in 1900-01 and
Traffic.
the last
1,834,136 tons in 1899 00) the principal items were:
Lumber, 880,531 tons (47-65 per cent) in 1900-01, against 799.839
In 1899-00; anthraoite coal, 362,036 (19 58 per cent), against 283.784;
stone and sand, 49,834, against 236,000; grain, 152,193 (8-23 per
cent), against 162,197.
* The Kansas City Southern By. Co., by reason of ownership of bonds
and stook, is entitled to receive the net earnings of the Kansas City
Suburban Belt By. Co., which is operated separately. These earnings
In 1900-01. as stated in the text above, were $i83,8i3, and if included
would increase the surplus of the Southern for the late Usual year to
$662,496.- [ED ]
xNumber earning revenue, y Including company's freight, viz., 31
tons, against 30 tons in 1899 1900.
general balance sheet jdne
Dr.
Prop'y and improv'ts.$61,492,132
Securities of term'l co. 13,7^8,^73
Old oo.'s equip, oont's
1,095,723
Port Arthur Channel
&D00&C0
289,582
46,250
K. C. Sub. Belt RR ...
Reorg. committee Sec.
Account—
Par vaiue of
curities
First mortgage bonds
not Issued,
Obligations of the old
2,833,728
3,802.500
105,939
149,479
13,251
108.495
90,6l5
143,853
final settlement...
Solvent
co' s <fc lndiv...
Bills for collection
balances...
Reorg. com., current
3,802,500
&its receivers—
1,095,723
trust
Reoelvers' certiflc'ts
by
Bonds in reserve
Cash, Kansas City....
trafii
$21,000,000
30,000,000
First mortgage bonds
issued..
26,197,500
Equipment
committee pending
Net
Preferred stock
Common stook
co.
oo.'s se-
held
30, 1901.
Or.
700,000
50,501
Mlsoel. net liabilities
Aocrued interest on
bonds
Loans & bills pay able..
Audited vouciiers
Audited pay rolls
Unpaid interest
Unpaid taxes
190,726
581,743
202,661
202,230
45,158
55,696
Miscellaneous
Income account
426,978
7,168
.
195,115
402,969
$84,558,584
Total
Total
$84,558,584
-V. 73, p. 1207, 1206, 723.
Massachusetts Electric Companies.
(Report for the year ended Sept. 30, 1901.
President Gordon Abbott's report says in substance:
General Results.— The Income acoount of the operating companies
for the year ending Sept. 30, I9ul, shows an Increase in gross earnings over the preceding year of nearly 5 per cent and an increase in
net divisible income of nearly 7 per cent.
Companies Controlled. -The operating oompanies have been
merged until to-day. instead of the fourteen in existence a year ago,
there remain only three: the Boston & Northern, the Old Colony, and
the Hyde Park Eleotrlo Light Co., together with the Lawrence & Beading and Mlddleton & Dan vers mentioned below. Of these, the Boston
& Northern appeared In the last report as the Lynn & Boston, and the
Old Colony as the Brockton.
During the year the shares ol the
Nashua Street Ry. have been sold.
The property of the Newport & Fall River Company has been leased
to the O d Colony Company for 99 years. The trustees feel that their
direct interests should be confined so far as possible to Massachusetts,
to sell the shares which taey hold in the NewFall River Company and the H,yde Park Electric Light Co.
port
During the past year additions have been made by the acquisition of
the shares of the Lawrence & Reading, the Mlddleton & Daavers, the
Lynntteld Street
Haverhill & Andover and the Reading Wakefield
Railway Companies. Of these companies, the Lawrence & Reading
was the only one in aotual operation, but the otuer- were either In
course of construction or had acquired looations upon which it was Intended to build. These companies, when developed, will connect the
cities of the Merrimac Valley, not only with Boston, but with other
points of interest along the North 8hore. As the shares of these companies have been held only a short time their earnings and expenses
are not inoluded In this report, but their balances are inoladed in the
consolidated balance sheet. By this purohase, together with the new
oonatruotion mentioned above, the mileage has been inoreased by 33
to a total of 819 miles of track, located in 22 cities and 66 towns, with
an aggregate population of over l,000,uo0 exclusive of Boston. The
total share capital of the various oompanies amounts to 134,6<22
shares, of which today 131,077 shares, or 99*3 per cent, are in the
possession of the trustees.
and therefore ask power
&
&
Coufon Notes.— In
the last annual report mention
was made
of the
fact that several of the companies had made applications to the Ballroad Commissioners for the issue of additional oapltal s look, and that
6,215 shares of stock, oosting at the prioe of tissue $667,500, had
After the appearance of the annual report,
already been issued.
December
THE CHRONICLE.
31, 1901. J
15,878 additional shares, costing at the price of lssue$l, 928,630, were
authorized and Issued, in order to provide Tor Improvements uud retire
funded aud unfunded debi (the funded debt of the companies was
$615,000 lees on Sept. 30, 901, than at the same date last yam). In
order to provide the means for the acquisition of these snares, the
shareholders authorized an Issue of not exceeding $3,500,000 of 4 1*
per oent five-year sold coupon notes. Of these notes, $2,700,000 were
issued as of Jan. 1 last aud sold on Batlsfnotory terms, the bal&noe of
$800,000 still remaining In reserve. It Is the Intention to apply shortly to the Railroad Commissioners for authority to Issue additional
oapltal stock of the various street railway companies In which you are
1
Interested.
Improvements.— There haB been expended by the various companies
daring the past year $1,33'.', 436 for Improvement and reoonsi motion;
l miles have been constructed either with heavy
with this money
girder or heavy T rati, and 10 miles have been reconstructed with the
same heavy rail; 42 new oars have been purchased and 85 old oars reconstructed aud Increased iu size; additional machinery has been
Installed at Brockton aud Lawrence, and a new car barn, 60 cars
oapaclty, has been built at Haverhill; while 214 new motors and
equipments have been provided and 106 miles of new feed wire has
-
<
1311
and interest (April 1 ami (Jet. 1) are payable at the office of
the Trash e, or at the Old Colony Trust Co., Boston, Maee.
Further facts follow
Under the new mortgage $200,000 bondi
:
an- to be available at once,
$100,000 tofretlre the $100,000 hondB of 189' due in 1916
and $100,000 for usu in building the new power station and substation. The remaining $200,000 bonds may DO issued for future extenslom and additions, but to an anoint not exceeding two thirds of
the aclllal cost and Value of BUOh SXtl QSlon and additions. Holders
<>r $81,000 or the t$loo,ooo» bonds or lhtiti haw consented 1.1 exchange
their old bonds for the new: the other holders have not vet been
heard from.
The company has bought the water power at Tallassee
Shoal, from the Tallassee Power Co., and when the development of it is completed, which will be about April 1, 1902,
the company will have 2,200 horsepowers on its sub-station
bus bars, more than double the former capacity of its power
iih
follows
facilities.
:
-V.
73, p. lOflQ.
been strung.
Atchison Topeka & Santa Fe Rj.— Capital Expenditure*
The companies controlled by the Massachusetts Electric etc., Jan. 1, 1896 to Sept. 30, 1901.— President E. P. Ripley
Companies, with share capital of each, Sept. 30, 1901, follows: has sent ont a statement of the General Auditor showing in
COMPANIES CONTROLLED.
detail the capital expenditures of the company and the sources
Shares. from which the same have been provided from Jan. 1, 1896,
Shares.
320 the date of the organization of the company, to Sept. 30, 1901.
Boston & No. St. Ry. Oo... 61,230 M'dlefn ADanv. 8t. Ry.Co.
Haverhill & Andover St.
Boston & Northern 8t. Ry.
800 Of this statement the following is a digest
4,000
Rv. Co. (50% paid In)....
Go. (5 per oent paid In)..
Old Colony Street Rv. Co.. 57,777 Read. Wakefield & LynnfM
TOTAL CASH CAPITAL EXPENDITURES— JAN. 1, 1896, TO SEPT. 30, 1901.
600
Newp. & Fall R. St. Rr. Oo. 5,570
St. Ry.Co. (10% paid In).
I.— For the construction or acquisition of additional railways—
Hyde Park Eleo. Light Co. 2,875
Santa Fe Paolflo line (in addition to $3,400,000 general
&
Rookp.
Ry. Co.
300
LawT'oeA Read. St. Ry.Co.
1,150
Glouo.
St.
Total
134,622
balance sheet of the
The consolidated income account and
controlled oompanies and the income account and balance
sheet of the Massachusetts Electric Companies, for two years,
past, were as below:
CONSOLIDATED INCOME ACCOUNT OF TUK FOUR OPERATING STHEET
RAILWAY AND ELECTRIC LIGHT COMPANIES.
Earnings
Expenses
1900-01.
$5,778,133
3,915,486
1899-00.
$5,518,838
3,659,337
Net earnings
Charges
$1,832,648
937,206
$1,859,501
994,294
Dividends
$925,441
779,462
$865,206
645,545
Balance
$145,979
$219,661
182,228
Net
divisible
income
Renewal fund, deprec'n and sundry accounts
Surplus for the year
$145,979
$37,433
CONSOLIDATED BALANCE SHEET OF ALL STREET RY. AND ELEC. LIGHT
COMPANIES CONTROLLED BY THE MASS. ELEC. COMPANIES
FOR THE YEAR ENDING SEPT. 30.
Assets—
Property
1901.
1U00.
t
$
29,370,508 27,55rt,721
433.165
513.H6
351.3B2
226,218
Coupon deuosits... 110.H60
Sink x redem. t'ds
92,800
Prepaid taxes, ins.,
102.078
78,921
int. and rentals
5i6,tSb7
Mater 1& supplies.
Cash
Accts. receivable..
.
1901.
1900.
Liabilities—
$
i
Capital stock..
12,088,200 10.6F 6,585
Funded debt..
13,813,500 14,248,000
Notes payable.
+1,990,170 2,235,049
Vouch.i acc'ts p'le 499 i-ii
465,113
2:17,165
State & local.taxes.
Coupons outst'ing
110,685
443,148
Accrued
int.. rentals & excise tax..
Divs. decl'd, unp'd,
305,i:90
63 .405
Renewal funds
Total
Of
30,962,426 28.751,596
Total
amount 1607,865 were held
either by the
by the Mass. Street Ry. Accident Association.
+
this
152.769
21,397
466,^80
Surplus
12«,'J01
419,831
30,962,426 28.751,696
Mass Elec. Companies or
MASSACHUSETTS ELECTRIC COMPANIES -STATEMENT OF PROFIT
AND LOSS YEAR ENDING SEPT. 30.
Income—
1900-01.
1899-00.
Dividends on stocks owned
$777,841 $807,311
Miscellaneous interest on notes, etc. (net)
41,318
97,447
Total income
Expenses Salaries— General officers
$819,159
$904,758
$9,000)
Legal expenses
Printing and stationery
Miscellaneous expenses
Adjustment of dividends Lowell & Sub. and South
Shore <te Boston St. Ry. companies
Interest
Dividends on preferred shares
6,565
1,642
S
14,456
>
$11,261
)
7,639
89,690
602,296
15,087
28,937
480,000
$723,651
$95,508
$542,924
$361,834
mortgage bonds and $9,200,000 preferred stock)
$1,594,331
San Francisco & San Joaquin Valley Ry. (Including com2,927,654
654,196
1,085,481
1,070,908
1,454,729
722.757
2.687,526
2,8*3,109
963,424
pletion of line)
Cleveland Extension (G. C. & S. F. Ry.)
Eastern Oklahoma Ry
Gulf Beaumont & Kan. City Ry. and afHliated companies.
Hutchinson & Southern Ry
Kansas Oklahoma Central & Southwestern Ry
Peoos Valley & Northeastern Ry
Santa Fe Presoott& Phoenix Ry
Fourteen other lines
$15,984,115
Total additional railway
II.— Equipment purchased, in addition to that purchased
in renewal of other equipment, being —
122 engines. 2,341 freight cars, 16 miscellaneous, ferry3,739,428
boats and floating equipment. Total
III.— Additional terminal properties
2,406.931
In Chicago, San Francisco, Galveston and Kansas City...
IT— Improvements and betterments—
4.564,482
Total, including grade reduction, new bridges, etc...
—
-r
1
Aggregate capital expenditures (in addition to the general
mortgage bonds and preferred stook issued In payment
$36.744,95 1
for the Santa Fe Pacific RB.)
The above-mentioned expenditures have been provided
manner:
for
in the following
PROVISION FOR CAPITAL EXPENDITURES— JAN. 1, 1896 TO SEPT. 30, 1901
(a) Sale of general mortgage bonds
$18,618,579
(6) Proceeds of securities and property previously em518,165
braced In this company's oapital account
(c) From working capital and income and betterment
fund created out of income
17,613,207
Total oapltal expenditures
The company has
$36.744.951
.'
issued to date $138,727,500 of
its gi-neral
mortgage bonds (inoludiag $2,478,0J0 now in treasury) as
follows:
For purchase price of Santa Fe Pacific RR $8,400,000; for other
new acquisitions and for Improvements, $19,773,906; to retire guarantee fund notes, other divisional bonds and equipment bonds. $13,563,094; Issued pursuant to reorganization agreement, $^6,990,500.
,
The charges to profit and loss have aggregated $4,670,821 as
follows
For dUcount on bonds sold, in all, $2,720,356; for amount credited
to a betterment fund. $1,900,000 and miscellaneous items, $50,465.
Maintenance. The average annual charges to operating
expenses for maintenance of way and maintenance of equipment during the five years beginning July 1, 1896 and ending
June 30, 1901, are reported as below:
Average annual charge per mile of road for maintenance of way $990
Average annual charge per engine for maintenance of engines. 2,092
Average annual charge per oar for maintenance of freight oara.
74
Average annual oharge per oar for maintenance of baggage,
650
passenger aud express cars
:
—
.
Total
Surplus for the year....
Surplus Sept. 30, 1900
$361,834
Less—
Discount on ooupon notes
$67,500
Pref. share dividend adju.stm'nt.200,765
Net debits (prlnc. Int. adjust.).. 17,010 285,275
Surplus Sept. 30, 1901
$172,067
MASS. ELECTRIC COMPANIES — GENERAL
1901.
Assets—
Sundry stocks, etc.,
t
76,559
1900.
t
BALANCE SHEET SEPT.
Liabilities
—
1900.
$
*
Preferred shares.. 15,057,400
15,05H,<ioo
shares.... 14, 2l»:r!,l00 13,717,700
notes
2,700,000
...
28,541,979 28,11 8,225
Stocksdeposhed to
see're coup, u'tes 2,711,000
Cash
231,876
321,62*
Notes &accts. rec.
910,622
636,773
Cash to pay dividends &coupons.
6,908
544
Common
Total
32,410,286 29,167,165
-V. 73. p. 1264, 1112.
Total
in treasury
30.
1901.
Coupon
Vouch &acctsp'le.
Aco'd div. on pr. sh.
Aeo'dlntoncp. n'ts
DlT.4coup.uncfor
Front &. loss surp...
862
20,187
160,574
30,376
5,^0s
172.007
644
Sdl.Sai
32.410,286 20.157,165
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Athens (Wa.) Electric Ry.— New Mortgage— Acquisitions.
—The company's new mortgage runs to the Title d-uarantee
&
Trust Co., Atlanta, Ga.,as trustee, and provides for a total
issue of $400,000 first mortgage fi per cent gold bonds, dated
Oct. 1, 1901, and due on Oct. 1, 1931, but subject to call as an
entire issue on or after Oct. 1, 1911, at 106, Both principal
—V. 73, p. 1263, 1061.
Atlanta Kuoxville & Northern Ry.— New Mortgage.—The
plan for exchanging the ($1,500, 00U) second mortgage income bonds for preferred stock has been carried out, and
it is now proposed to canctl the $500,000 first mortgage
5 per cent bonds which are held in the treasury.
A consolidated mortgage has been authorized, United States Trust
Co.. trustee, under which 100 year 4 per cent bonds will le
issued at $10,000 a mile. Of this issue $1,000,000 will be reserved to provide for the outstanding firsts, and $l.2SO,000
will be available for the company's requirements. The new
bonds will be dated March 1, 1902. The certificates of
indebtedness ($117,900) have been called, and will be paid off
Jan. 2, 1902.— See V. 73, p 1109.
Atlanta (Ga.) Rapid Transit Co.— Consolidation Proposed.— Secretary and Treasurer H. M. Atkinson recently
applied to the City Council of Atlanta for permission to
consolidate the Atlanta Rapid Transit Co. and the Atlanta
Railway & Power Co., agreeing in return to pay the city
$50,000 in cash and 1 per cent on the gross rcctipts alter the
expiration of five years, this sum to be in lieu of all other
taxes except the ad valorem tax of approximately $15,000 a
year. On December 14 the Common Council voted as a committee of the whole to decline the offer, but appointed a
committee to confer with Mr. Atkinson with a view to a final
settlement of the matter.— V. 72, p. 337.
THE CHRONICLE.
1312
BR—
Deposit.— Over $300,000
Atlantic Coast Electric
general mortgage bonds of the company, which on Nov. 1
defanlied in the payment of interest on its first mortgage
bonds, have been deposited with the Investment Company of
Philadelphia, nnder the terms of a bondholders' agreement.
The committee representing these bondholders is composed
of Messrs. Henry M. Tracy, F. G. Hobson and George W.
Norris, who have retained Samuel Dickson, Esq., of Philadelphia, as their counsel.— V. 73, p. 1263, 1060.
Baltimore & Ohio RB.— New Equipment.—Press dispatches
from Baltimore report the following order said, with others,
to aggregate about $7,000,000:
Amerioan Locomotive Co. for 48 consolidation loooinotives; the
Harlan & Hollingsworth Co. of Wilmington, Del., 25 passenger oars
and one combined passenger and baggage oar; the Pressed Steel Car
Co. of Pittsburg. 3.000 steel hopper oars of 100,000 pounds capacity;
the American Car & Foundry Co., 1,300 box oars of 100,000 pounds
capaolty. -V. 73, p. 1263, 1206.
—
A large
Bellaire Zanesville & Cincinnati By.— Diposits
majority of the securities having been deposited with the reorganization committee a the office of the Mercantile Trust
& Deposit Co. of Baltimore City, notice is given that the time
[Vol. LXXIII.
The directors, after looking carefully into the matter. \i came con
vlnoed that the building of the line wonld prove a valuable adjunct to
the system, as it would open up a rich agricultural hpcMoh. The new
oomM of the Canadian River, practically paralleling the present line, although on :m average of 40 miles from it. It
will oross the 'Frisco line at chanler, and atOuthrle connection will be
made with the Atchison Topeka &, Santa Fe.
line will follow the
Car Trusts. — Of the certificates issued under the car trust
of 1900, about $700,000 are now outstanding, and the balance
The
will probably be issued within the next month or so.
company has also arranged, as stated last week, to spend
about $2,00 ),000 more for equipment, which will be put in a
car trust, aDd $1,500,000 of certificates issued in payment for
the same, the balance to be paid for by the company in cash.
This new lot will bear interest at the rate of 4]^ per cent,
and will probably be issued about the first of April. Under
the car trust of July 31, 1901 ($1,0 30,000 authorized), $200,000
of certificates have been issued.
Application to List.— Application has been made to the
New York Stock Exchange to list $700,000 additional general
mortgage 5 per cent gold bonds of 1919.— V. 73, p. 1263, 1261,
1111.
;
for depositing said securities will expire on Jan. 10, 1902,
after which no more securities will be received except on the
terms and under such penalties as the committee may prescribe. See advertisement on a preceding page. V. 73, p. 615.
—
Binghamton
(N. Y.)
By.— New Mortg ige. —The New York
State Railroad Commission has approved the making of a
mortgage for $2,500,000 to retire at or before maturity the
existing bonds and for new construction, but not exceeding
$1,500,000, to be issued without further authority from the
Commission. Various facts regarding the new bonds follow:
Of the $1,500,000 bonds last mentioned, $1,150,030 is to be held in
escrow to redeem the underlying bonds of the Binghamton RB. Co.
($900,000, of which $889,000 outstanding) and the Blnghamton Lestershire & Union RR. Co. ($250,000, of whioh $160,000 outstanding).
The remainder of the $1,500,000 bonds is to be applied to the making
of immediate necessary Improvements and additions and the building
of immediate extensions. The $1,000,000 bonds reserved can be issued
for future extensions, betterments or improvements, for purchase, at
not exceeding $25,000 per mile, of street railways already constructed
and equipped, and for the put chase of stock and bonds of other com
panics. The bonds are gold 5 per cents due Nov. 1, 1931, but subject
to call at any time after Nov. 1, 1911, at 110 and interest. The interest is payable May 1 and Nov. 1, at the Fidelity Trust Co. (the mortgage
trustee), Buffalo, or at the Seaboard National Bank, New York City.
The bonds now to be issued have already been sold to a
prominent financial institution.
Of the $1,150,000 capital
stock (all common) $700,000 has been issued.— V. 73, p. 1263.
Boston & Albany BB. Refunding Bonds.— Application
has been made to the Massachusetts Railroad Commission
for authority to issue $3,858,000 bonds for the purpose of
meeting outstanding bonds of a like amount maturing Apr. 1,
1902.— V. 72, p. 935.
Boston & Maine BB.— Bonds Sold.— See Fitchburg RR.
bdlow.—V. 73, p. 1111, 1061.
California & Nevada BB.— Foreclosure.—The United
States Circuit Court at Oakland, Cal, has ordered the sale
of this read, extending from San Francisco to Bryant, Cal.,
30 miles, under foreclosure of the mortgage.— V. 73, p. 1263.
Charleston Consolidated Railway Gas & Electric Co.
Called Bonds.— Charleston (S. C.) Street Ry. bonds aggregating $7,000, viz., Nos. 1, 267, 399, 445, 596, 671 and 844,
have been drawn for redemption on Jan. 1, 1902, and will be
paid on and after that date at 105 per cent at the Mercantile
Trust
Deposit Co. of Baltimore, trustee.— V. 70, p. 583.
&
Chattanooga (Tenn.) Electric By.—Negotiations.—Parties
in the East are thinking of buying the stock (or a part of tne
stock) of this company, and they expect in like manner to
secure control of the Rapid Transit line, and also the L^ght
company, with a view to consolidation. Nothing has been
definitely arranged as yet, and the plan as published by the
papers is, we are informed, largely gossip. V. 73, p. 183.
—
Chicago Burlington & Quincy By.— Officers.— The following officers and directors are announced for the new company, which has leased the Chicago Burlington & Quincy
Railroad system for 999 years:
President, George B. Harris; Vice-President, in charge of traffic
Dailus Miller; See. and Asst. Treas., H. E. Jarvis, of Burlington, [a.;
Treas. and Asrt. Sto.,T. S. Howland, of Chicago; A°st. Treas., A. Q
Stan wood, of Boston; Asst. Sec. George H. Earl, of New York.
Directors: George B. Harris, Gen. Charles J. Paine. Charles E. Per
John S. Kennedy, James J. Hill, William P. Clough, George W.
Perkins, E. H. Harriman, M. L. Schiff, William J. Mclntyre and James
Stlllman.
Executive Committee: Messrs. Perkins, Hill, Harriman, Clough and
kins,
Schiff.
—
Syndicate Extended. The syndicate organized in connection with the acquisition of the stock of the railroad com
pany, and which was to expire by limitation on Jan. 1, has
been extended for six months. -V. 73, p. 899, 842.
Chicago Burlington & Quincy BB.— Called Bonds —Bur
lington & Missouri River R R. in Nebraska non-exempt 6 per
cent bonds due July 1, 1918, to the following amount have
been drawn for payment, viz.: $141,000 bonds for $1,000 each
and $16,800 bonds for $600 each; they will be paid at the
office of the New England Trust Co., Boston, on Jan. 1, 1902.
—V.
73, p. 1207, 1111.
Choctaw Oklahoma & Gnlf B.R.— Extension.— We are advised that it is the intention of this company shortly to commence the construction of a line from Hartshorne northwest
to Guthrie [about 140 miles], but just what securities will be
issued to cover the cost of this line has not yet been definitely
determined. President Gowen is quoted as saying:
Cincinnati Richmond
& Muncie BB— Increase of Stock.—
notified the Secretary of State at Columincrease of capital stock from $870,000 to $2-,
The company has
bus, O., of an
The road is almost completed from Cottage Grove
656,000.
The company is said to
to North Judson, Iod., 169 miles.
contemplate building from Cottage Grove to Cincinnati and
from North Judson to Chicago.— V. 71, p. 1066.
Cleveland Electric
By.— New
Stock
—The
shareholders
will vote Jan. 15 on a proposition to increase the capital
stock from $13,000,000 to $14,000,000, it is stated, to take up
Director R.
floating indebtedness and for new construction.
A. Harmon is quoted as s lying:
"Improvements that have been made lately have been paid for out
of the net earnings of theoompany. The $1,000,030 will cover these
and the cost of the improvements that must be made next year.
There will be one item alone of $200,000 for new care; also additions
to the power houses and in other directions.— V. 73, p. 1061, 31.
Colorado Midland By.— New Officers.—George W. Kramer
has been elected Vice-President, succeeding George Foster
Peabody; H, B. Henson has been made Treasurer, and
Harry Bronner, Secretary. The last named was previously
both Secretary and Treasurer. See directors in V, 73, p. 1111.
Dayton & Lebanon (Electric) BB.— Mortgage— This company, which proposes to build an electric and steam line
from Dayton to Lebanon, over the old line of the Dayton
Leb. & Cincinnati RR., and possibly an extension to Cincinnati, has made a mortgage for $2,000,000 to the Cincinnati
Trust Co. as trustee. The company is closely allied with the
Dayton Springfield & Urbana Electric Ry., which see on
page 33 of our Street Railway Supplement.
Dayton Springfield & Urbana Electric By.— Extension.—
See Dayton & Lebanon RR. above.— V. 73, p. 286.
Dayton Union By.— Called Bonds.—The bonds called,
announced last week, are part of the issue of 1899.— V. 73,
as
p.
1263.
Dominion Securities Co.—First Dividend—The
directors
on Thursday declared the first dividend, 2% per cent ($37,500), payable Jan. 15, out of the earnings (reported as $149,000) of the first six months.— V. 73, p. 393.
East Jersey Traction Co.—Incorporated.— This company
has been incorporated in New Jersey with $1,000,000 authorized capital in $100 shares, of which $30,000 subscribed.
Incorporators
Governor Foster M. Voorhees; BeDjamln Vail of Rahway; Frank
Bergen and James Maguire, Elizabeth, N. J Hamilton F. Kean and
Julian F. Kean, Union, N. J., and James B. Gaboon, New \ork City.
Principal office, 68 Broad Street, El zabeth, N. J.
;
;
Elizabeth Plainfleld & Central Jersey (Street) By.—
President.—Thomas C. Barr has been elected President
and General Manager to succeed Divid Young, who resigned in order to devote his entire attention to the North
Jersey and White Line systems.— V. 72, p. 627.
Fitchburg BE.— Bonds.— The $1,000,000 of 3^ per cent
bonds due Oct., 1921 have been awarded to Adams & Co. of
Boston at 102-422. The $500,000 Concord & Montreal 3%s
due 1920, bids for which were opened at the same were not
sold.-V. 73, p. 1112, 662.
Gulf & Ship Island BB.— Refunding and Improvements.
Since the completion of the extension from Hattiesburg to
Jackson, Miss., together with the Columbia and Laurel
branches, the company's traffic has increaeed to such an extent that for the four months ended on Oct. 31, 1901, gross
earnings are reported at $5,163 par mile, as against $4,140
per mile in the fiscal year 1901, and net earnings at $1,422
per mile, as compared with $931. Of the revenue of 1901
about §820,000 was derived from the freight department,
$210,000 from the passenger department and $5,000 from miscellaneous sources. Arrangements have now been made
with Fisk & Robinson of this city to refund the bonded debt
and to provide means for the completion of the terminals
and for the physical reconstruction of the road, so far as
necessary, in order to accommodate the unexpectedly heavy
business. The improvements projected, including the enlargement'of the pier at Gulfport, Miss., new steel bridges,
new 80- pound steel rails and additional equipment, will cost
some $2,000,000. Provision has been made for the purchase
of four additional locomotives, four hundred 80,000 pound
The chanflat cars and one hundred 80,000 pound box cars.
nel now being dredged from Gulfport to deep water in Ship
New
—
December
THE CHRONICLE.
21, 1901.]
Island Harbor, about six miles, under contract with the
United States Government, is to be 3C0 feet wide and 20 feet
deep. By J»n. 1 it will be completed to one-half the full
width, and it is expected that the entire work will be finished
in 1902.
Earnings. The earnings of the road for the fiscal years
ended June 30. 1901, and June 30, 1900, and for the four
months ended Oct. 31, 1901, are reported as follows
Year
Year
4 me a. ended
190001.
Oct. i'O, '01.
189900.
250
2">-i
154
Average mileage operated...
$456,139
$1,035,429
$43(1.400
Gross earnings
802,555
356,320
Op- expenses and taxes....
816,391
—
Net earnings
$99,819
$232,874
$120,108
Tax Exemption Clause of Charter Alone Annulled.— Fres).det Jones says:
The charter was passed In 1882 under tho Constitution of 1869. In
the charter a clause was Inserted exempting the railroad property
from taxation for twenty years, which would bring It up to 1H02.
The Collector of Delinquent Taxes brought suit, claiming that that
clause was unconstitutional ana that the olause had iieen repealed
by the Legislature previous to the granting of the charter, but no
The State Court susother olause lu the charter was repealable.
tained this contention and the United States Supreme Court refused to Interfere. The charter Is in full eft'eot excepting this one
l:U3
Lake Shore Electric Ky.— (pen.— President Mahler says:
was ti] connected up liiii-mbflr 7 and th<
for traffic Bervlei
bo Cleveland and loledo
ilcally open, but will be verj mnob improved wlthlu
as tollowa
ticket rates «.f fare
nd to Ti
Our
track
opened
The
am
now
is
ne.
.
75;
Norwalk, no Mats; Toledo to Clevelan
edo
3.V, Lorain to Norwalk, 50
$1 35; Norwalk to Lorain, 50 cents; Norwalk to Cleveland
The company, it is stated, now has 160 miles of track, and
:ift< r Jan. 1 intends to put on throngh cars between Cleveland and Toledo.
Listed in t leveland.— The capital Block was recently listed
in Cleveland.— V. 73, p. 1010. 843.
Cleveland
to
to
•
Lorain, $l
i
:.
Lehigh
Valley
Traction
Co.
— Guaranty.— See
Consolidated Electric Co., page 1316.— V. 73,
1
Easton
p. Ill
Massachusetts Electric Companien.— Sale Authorized.—
The shareholders on Wednesday nave the trustees authority
at their discretion to sell the 5,556 shareB of the capital Rtock
Fall River Railway Co. and 2 *75 shares
of the Newport
of the Hyde Park Electric Light Co. See annual report on
page 1310.— V. 73, p. 1264, 1112.
&
Metropolitan Street Ry. of Kansas City.— Called Bonds.
—Forty-four Corrigan Consolidated Street Railway Co. first
mortgage 5 per cent gold bonds have been drawn, and will
clause.— V. 73, p. 1113.
Hampshire & WorceBter Street Ry.— Bends Offered— Bar- be paid at the office of the Central Trust Co. Jan. 1, 1902 at
nard & Gilbert, 7 Exchange Place, Boston, are offering on a 110.— V. 73, p. 1160, 138.
basis to yield ±% per cent the entire issue ($60,000) of this
Middleboro Wareham & Buzzards Bay Street Ry. of
company's 5 per cent first mortgage twenty-year gold bonds, Massachusetts.— Bonds Offered.— M. F. Skinner & Co. of 24
recently approved by the Massachusetts Railroad Commis- Congress St., Boston, are offering at U8% and interest, $50,sion.
000 of this company's $200,000 first mortgage 5 per cent $1,000
Hudson Tunnel Ry.— Amended Plan.— A plan of reorgan- gold bonds cf 1901, due Oct. 1, 1921, but subject to call on or
ization prepared by F. B. Jennings of this city (No. 15 Broad before Oct. 1, 1906, at 110 and interest; thereafter through
St.) and John Young and Horace E. Golding of London has Oct. 1, 1911, at 107>£ and interest; thereafter, before Oct. 1,
been issued amending the plan of 1900. The plan provides 1921, at 105 and interest. The ooupons are payable April and
for the raising of sufficient money to complete the tunnel and October at the Federal Trust Co., trustee, Boston, Maes.
Final value of the road according to the estimation of Gilbert
its approaches, inoluding tte terminals both in New York
and Jersey City, lay a double track through the same, and Hodges, C. E., $430,597, on which will be issued $200,000
furnish the equipment and all appliances necessary to com- bonds. At the present time there are $75,000 bonds outplete the tunnel and railroad ready for operation for the standing. A circular says in part:
Beginning at Middleboro Centre the road runs through eleven viltransfer of passengers and freight between Morton St., New
and towns to Bourne, including Onset and Buzzards Bav; it conYork, and 15th St., Jersey City. The successor company will lages
sists of about i 8 miles of track, laid with 60-lb steel "T" rails. Conbe authorized to issue:
Onset Street Ry.
tracts have been drawn up with the New Bedford
<fc
Common
$100 each, Issuable forthwith to purchasing committee
$5,000,000
Preferred 6 per cent non cumulative stock, la shares of
$100 each Total amount issuable forthwith to purchasing committee
3,500,000
First mortgage 5 per cent bonds, to be subieot to call at
110 and Interest upon three montho' notloe. Total Issue In no case to exceed (earUer plan fixed amount at
stock, In shares
of
$6,100,00U)
Of which to be Issued at onoe to purchasing committee
with all the capital stock, in order to complete and
equip the tunnel as above stated, and to effect the reorganization (the earlier plan fixed the amount at $3,500,U10)
To be reserved for construction of the South Tunnel
If It shall subsequently be deemed advisable to build a
second tunnel
Other corporate purposes
7,000,000
843.
4,500,000
2,200,000
300,000
Holders of certificates of Robarts. Lubbock & Co. or the
Farmers' Loan & Trust Co. of New York will receive in ex-
change therefor:
Old securities,
with,
unpaid coupons
attached. _
C/0771
over whose lines the Middleboro road runs for a distance of 4
miles (Wareham to Onset), which enable the latter to use track at a
reasonable cost, also to receive power at a very low figure. Owing
to the great amount of travel through this section of the Cape during
the vacation months, the summer earnings will be large. The Winter
patronage will be sufficient to pay all expenses during those months.
Connecting with this line in Middleboro are the oars of other lines
whloh will bring traffio from Brockton, Taunton and New Bedford.
The road-bed is solid and especially heavy on the private right of way
(over whloh the oars run for 7 mllet-) andltis built inpractically steam
railroad method. The road operates under very favorable franchise,
which will enable it to oolleot 25 oents on each run.— V. 73, p. 1264,
Co.,
—
Will receiveStOCK
srVtl StoCrC
Old £300.000 1st 6s, per $1,000 prlnoipal
$5oO
$150
Old $425,010 debentures, per $1,000 principal.. 100
350
The retirement on the above basis of these old securities
will call for the issue of about $267,000 new common aEd
$888,000 preferred stock. The plan also provides as follows:
First mortgrge bonds for $385,(0;) (par), preferred stook for $1 ,038,
750 and oommon stook for $1,786, 2P0 may be used by the committee for the purpose of settling the claims of 8. Pearson &
Son, the holders of £250.000 of old first mortgage bonds neld In America (as security for loan), theholders of stock of the Hudson Tunnel
Construction Co., of the Hudson Tunnel Railway Co., and ther parties having claims whtoh the committee in their full discretion may
deem entitled to recognition, and for expenses of the foreclosure and
reorganization of the property. The remainder of the present issue of
$4,500,000 first mortgage bonds and preferred and common stock
shall be used by the company for the purpose of providing the amount
needed to complete the tunnel and railroad of the compaay.
The North Jersey Street Ry. Co. has agreed to use the tun
nel (see above). See further interesting particulars in V. 70,
Milwaukee Electric Ry. & Light Co.— Earnings.— The
cash receipts for the year ended Dec. 1 from the operation of
the railway and electric lighting plants as reported to the
municipal authorities compare as below;
—Mil. El. Ry. <£ Lt Co .-. —Mil. Lt. Heat d- Trac —.
1900-01.
$2,388,521
(4%) 95,540
Receipts
Tax
190C-01.
1899-00.
1899-00.
$.91,819
$321,336
(2%) 6,4 27 (2%) 5,836
an increase in gross re-
$2,191,360
(4%) 87,654
The two companies together show
ceipts of $226,681.—V. 73, p. 445, 32, 30.
Mohawk & Malone
—
Ry. Incomes Purchased. The entire
income bonds ($3,900,000) is reported to have been
purchased in the interest of the New York Central & Hudson
River RR. Co.— V. 73, p. 445.
Mntkegon Grand Rapids & Indiana RR.- Coupon P, yment.— Coupon No. 28, due July 1, 1900. is now being paid at
tbe ffice ot Winslow, Lanier & Co. The surplus Sept. 1,
after paying coupon No. 27, was £8 901 the net earnings for
the three months, September to November, 1901, both inclusive, were $17,583; total, $21,484; amount required to pay
coupon No. 28, $18,750; surplus as of Dec. 1, 1901, $2,734. The
interest payments made this calendar year aggregate 10 per
2i£ per cent each in January, June, November and
cerjt, viz
December. -V. 73, p. 1061.
Nashville Chattanooga & St. Louis Ry.— Payment of
p. 896, 1149.
Bonds.—Twenty Tracy City branch bonds, numbering 201 to
Johnstown {Pa.) Passenger Ry.— New Securities.— A new 220 inclusive, which mature Jan. 1, 1902, will be paid on Jan.
mortgage of $2,000,000 has been issued on this road for the 2 at the Hanover National Bank of New York.— V. 73, p.
purpose of completing its extensions, double-tracking part of 781, 336.
its present system, completing its power-house equipment,
New York Central <& Hudson River RR.— Purchase.—
etc.
The authorized capital has been increased from |!-00,- See Mohawk & Malone Ry. above.— V. 73. p. 1264, lObl.
issne of
(
;
i
0C0 to $2,000,000.
No
Dortion of the stock
is
preferred.
The
:
North Jersey Street By. Tunnel Connection to Manhattan.— General Manager and Vice President David Young
announced this week that the company has arranged to run
The new bonds, of which $1,137,000 were subscribed for cars (of a'size smaller than the ordinary) through the tunnel
Fifteenth Street, Jersey City,
before they were issued, are gold 4 per cents, $1,0C0 each, to be completed between
due Dec. 1, 1931, but subject to call as an entire issue at any and Morton St., New York. The railway company, howtime at 105 on thirty days' notice; interest payable Jnne 1 ever, will not be liable for the obligation? of the tunnel comand Dec. 1 at office of Johnstown Trust Co,, the mortgage pany. See Hudson Tunnel Ry. above.— V. 72, p. 1188.
Northern Ohio Traction Co.— In Control.— Secretary C.
trustee.
The mortgage will eventually cover 33 miles of
track.
There are at this time outstanding $259,000 of the F. Moore was to Mssume control of the Canton and Massillon
old 6 per cent bonds of 1890, due 1910, and $3^9,000 of the lines, on behalf or the Everett- Moore syndicate, on Dec. 13.
old 4 per cent bonds of 1899, due 1929. The old 4 per cent —V. 73, p. 1264, 783.
bonds can be retired by the company at any interest day. Of
Northern Pacific B.J.— Suit Respecting Preferred Stock.—
the new bonds, $628,000 are reserved to retire these old Justice Scott in the Supreme Court on Dec. 17 heard arguissues and $235. 0C0 for floating debt. T. C. Da Font, Wil- ments on the application of Wolf Brothers & Co. to conmington, Del., is President.— V. 73, p. 662.
tinue a temporary injunction granted restraining the company
contemplated
improvements, including an extension of
eleven miles to Windber, will not te completed until some
time next summer.
THE CHRONICLE.
1314
from
retiring its preferred stook on Jan. 1, 19)2, unless the
preferred stockholders shall have equal privileges with the
common stockholders in subscribing to the convertible
bonds, whioh are to be issued to provide fund* to take up
the preferred shares. Little importance is attached to the
suit, because it is claimed no court can prevent holders of
the preferred stock from selling their shares on the terms
offered, and if the injunction is made permanent it will
apply only to a few non-assenting shares.— V. 73, p. 1264,
Walter H. Bond.
[Vol. LXXIII.
The business address of three of the incorin which building are the law
at 27 Pine St.,
offices of James B. Dill.
porators
is
Toledo & Western (Electric) Ey.— In Operation.— This
company now has in operation 58 miles of road extending
from a connection with the tracks of the Toledo Railways &
Light Co. (over which entrance is had to the centre of
Toledo) westerly 12 miles, and then dividing, one line running northwesterly to Adrian, Mich., via Riga. Blissfield and
1160.
Palmyra, and the other westerly to Morenci, Mich, (near the
Northern Securities Co.— Litigat ion— Attorney- General Ohio State Line), via Sylvania, Berkey, Metamora, Lyons,
Douglas of Minnesota has decided to bring suit against the Seward and Denmson. Escept in town limits, the road is
company in the United States courts for alleged violation of built on its own private right of way adjoining the highway.
Freight as well as passengers is carried, the territory crossed
the "anti-trust" law.— See V. 73, p. 1264, 1161.
Old Dominion Ry. of Portsmouth, Va.— Increase of Stock. having heretofore had no railway facilities. When comA bill has been introduced in the Virginia Legisla ure to pleted from Morenci to Fayette, O the ro*d will emorace 16
authorize an increase in the company's capital stock from miles of track, while a further extension to the Indiana State
line, to connect there with the projected lines to Chicago, is
$1,535,000 to |2,000,000.— V. 72, p. 481.
contemplated in the future. The property is mortgaged for
Omaha & St. Louis EE.— Notice to First Mortgage Bond- $1,250,000 to secure a like amount of first mortgage 5 percent
holders.—The first mortgage bondholders' committee gives
Sl.OOOgold bonds dated July 1, 1901, and due July 1, 1926.
notice that the Union Trust Co. of New York is now preThe company has also $1,800,000 of capital stock, of which
pared, upon surrender of its certificates of deposit for first
$300,000 is reserved in treasury. The directors are:
mortgage 4 per cent bonds, to issue in exchange therefor new
Luther Allen, President and Treasurer; J. R. Seagrave. Vice-Presiper
Wabash RR. Co., Omaha Division, first mortgage
—
,
r
cent bonds at the rate of |800 in
3J^
for each $1,000
bonds will be in denomina-
new bonds
dent; P. E. Seagrave (Secretary); Judge Carlos M. Stone, F. C. MoMttW. L. Hayes, E. Bingham Allen and O. £. French.
lln,
certificates of deposit.
The new
tions of §1,000 and $500.— V. 73, p. 1011, 843.
The company has offijes in the National Union Building in
Toledo; the President's office is in the Caxton Building,
are Cleveland, W. J. Hayes
Sons of Cleveland and Boston
Pacillc Electric Ry. of Los Angeles.— Merger.—
Pasadena Electric are the company's financial agents and are offering the bonds
officially informed that the Los Angeles
Ry., the Pacific Electric of Arizona (a local street car line in with a stock bonus.— V. 73, p. 617.
Los Angeles), the West Ninth Street, the Mateo Street and
Trenton & New Brunswick RR.—Incorporated.— This
the Temple Street ( which was a cable road and is now being company was incorporated in New Jersey on Dec. 10 under
changed to electric), also of Los Angeles, have been merged the General Railroad Law and with $1,000,000 authorized
into or are controlled by the (new) Pacific Electric Railway capital stock, to build an electric railroad from Trenton,
Co., the capital stock of which is $10,000,000 (common stock). N. J a distance of about 23 miles, to Milltown on the RariBonds will be issued as tan River RR., three miles south of New Brunswick. The
There is to be preferred stock.
the work of construction progresses. The new company will incorporators are:
probably build during the current year in the neighborhood
8. L. Mead, Merohantville, N. J.; R. C. Mason, O. D. Van Duyn, 8. 8.
of 125 miles. See V. 73, p. 1208.
Fithian, Thomas P. Ourley and William Moeblus, Camden; Barton
Lucas of Gibbsboro; Q. L. Jones of Ridley Park; Theodore J. Hahu,
Philadelphia & Erie RR. Dividend on Common Stock.
We
&
&
,
—
common shares, the first since 1894. — V. 72-, p. 671.
Rich mond (Va.) Passenger & Power Co.— Consolidation.—
Thomas 8. Phillips, Alfred Solomon, H. B. MoCullum of Philadelphia,
and H. R. Fehr of JEaston, Pa.
Mortgage. The company has filed a mortgage to the
Finance Co. of Pennsylvania as trustee to secure $1,000,000
To provide for
bonds.
The directors have declared a dividend of 2 per cent on the
"possible requirements" an ordinance has been
introduced into the City Council of Richmond authorizing
the merger of the company into any other company of a
similar character, chartered under the laws of Virginia; also
the transfer to such company of the property, rights, privPower Company. The "Richileges, etc., of the Passenger
mond Dispatch" says:
Negotiations are In progress and well advanoed looking to sale of
the Passenger & Power Co., bag and baggage, to the financial Interests wnich have constructed and own the electric line (Richmond &
Petersburg Electric Ry.) almost completed between Richmond and
—
Union Traction of Philadelphia.— Relations with Foerderer-Mack Interests. A director is quoted as saying: Cordial
relations have been established with the rapid transit franchise interests, and that is about the most that can be said.
&
There has been no real trade made, and cordial relations are
sometimes disturbed wben negotiations are commenced (see
V. 72, p. 1188; V. 73, p. 338).— V. 73, p. 613, 338.
Wabash RR. Interest on Incomes.— The directors yesterday declared the regular semi annual dividend of 3 per cent
Petersburg. Indications point to a strong probability that the deal
on the debenture "A" bonds, payable Jan. 2 to holders of
will go through.— V. 73, p. 1113.
record Dec. 31. No payment was declared on the "B" bonds.
Richmond (Va.) & Petersburg Electric Ey.— See RichV. 73, p. 1012, 844.
mond Passenger & Power Co. above.
Washington Westminster & Gettysburg Electric Ey.—
St. Joseph & Grand Island Ey.— Expiration of Voting Mortgage.
The company has filed a mortgage to the Union
Irust. The voting trust for the stock terminates on Jan. 1, Trust Co. of Philadelphia, as trustee, to secure $1,850 000 of
1902, and notice is given that after that date, on surrender of 5 per cent gold bonds of the denomination of $1,000 each.
the certificates of deposit, endorsed in blank, regular certifi- The line is projected to start near Rockville, Md., and to tracates of stock of the company will be issued therefor at the verse Montgomery, Howard and Carroll counties, passing
office of the Central Trust Co., 54 Wall St.— V. 73, p. 1059.
through Westminster to the Pennsylvania line near LittlesSt. Louis & San Francisco ER.— Equipment Bonds.—The town.
issue of equipment notes (not car trusis) recently created is
Wilkesbarre & Western EE.—Sale March 10.— This propfor the total authorized sum of $1,310,000, and is all outstand- erty will be sold under foreclosure in Philadelphia on March
ing, consisting of 4 per cent notes in denomination of $5 000 10. The Central Trust Co. of New York is mortgage trustee.
and $6,000. dated Dec. 1, 1901, and due |65.000 yearly on June
1 and $66,000 yearly on Dec. 1 of years 1902 to 1911, both inThe interest is payable June 1 and Dae. 1 at the
clusive.
INDUSTRIAL. GAS AND MISCELLANEOUS.
office of Blair & Co.— V. 73, p. 1265, 1208.
Amalgamated Copper Co. Dividend—The directors on
St. Louis Southwestern Ey.— Interest on Income Bonds.
Notice is given that on and after Jan. 2, 1902, 2 per cent inter- Thursday declared a quarterly dividend of 1 per cent, payest will be paid on the second mortgage income bond certifi- able Jan. 27 to stockholders of record Dec. 27. The October
cates at the office of the Mercantile Trust Co., 120 Broadway, dividend was \% per cent, and the July and previous dividends were 2 per cent.
New York City.-V. 73, p. 901, 723, 720.
Reduction in Price of Copper.— The company's selling
Shamokin Valley & Pottsville ER.— Bonds.— The $2,- agency,
the United Metals Selling Co., which last week
000,000 new first mortgage 3}£ per cents, issued to take the
(page 1265) for the first time this year cut its price of
place of a like amount of 7 per cents paid July 1, 1901, are
17 cents a pound, made a second reduction in the price of
$1,000 gold bonds dated July 1, 1901, and due July 1, 1931,
copper
on Wednesday, and a third reduction on Thursday,
with interest payable Jan. 1 and July 1. There is to be a
the latter bringing the price down to 13 cents per pound for
per
cent
of
par
value
fund
equal
1
of
sinking
to
outstanding
Lake, 12J£ for electrolytic and 12J^c. for castings. The price
bonds, if earnings are sufficient, and the bonds can be purin London closed yesterday at £48 12s. 6d. per ton, as against
chased at par and interest; the bonds are not subject to
£52 last week (compare V. 73, p. 1265).
call.-V. 73, p. 1062, 139.
Official Explanation.— The following official statement was
Southern Ey.— Called Bonds.— Charlottesville & Rapidan issued on Thursday in connection with the dividend declaraRR. bonds aggregating $16,300 have been drawn for re- tion
demption, and will be paid at the Philadelphia Trust, Safe
The conditions prevailing in the copper trade up to the commenceDeposit & Insurance Co., Philadelphia, Pa., on Jan. 1, 1902. ment of the present year were very satisfactory, and so far as this
country is concerned are still so, every copper wire, brass and eleo—V. 73, p. 1265, 1208.
—
—
—
—
—
:
Southern Securities Co.—Incorporated.— This company
was incorporated in New Jersey on Dec. 13 with $100,000
(nominal) capital stock, for the purpose, it is said, of controlling a number of railway, terminal and dock properties
in the South (one report says on the Gulf of Mexico), these
properties, it is asserted, being capitalized at not more than
Incorporators: C. Frederick Smith, John R.
$5,000,000.
Turner,
Edward
B. Hawkins,
Edward
T.
Magoffin and
manufacturing concern being run to its full capacity. A large
proportion, however, of the copper produced In this country has to
find a market abroad. The unsatisfactory trade conditions which have
existed during the present year in Europe, together with the fact that
the supplies of copper to Europefrom sources outside this country have
increased, have jointly caused a falling off in exports of about 65,000
tuns. This decrease has in some degree been compensated for by Increased domestic consumption.
By adopting the polioy of maintaining a firm price, a large proportion of the loss arising from the decrease of exports has been borne by
the companies whose shares are owned, wholly or in. part, by the
trioal
December
THE CHKON1CLE.
31, 1901.]
Amalgamated Copper Uo. This policy has In tue past beeu thai
for these companies, as the portion of the oopper whloh has been Bold
lias realized a lancer urottt than would have been realized had all the
oopper which had been produced been sold at a much lower price It
has llhewl-e prevented fluctuations in price, which would tend to demoralize Die business of manufacturers consuming oopper.
The olllcliils of thesK various companies, after carefully considering
the situation iu ail its pluses, decided that it would be better. In the
Interests of the companies they represented, lo refrain iroin forolng
upon the market more copper than was actually needed) M snob .ictlou
would oulv have led to abnormally low price-'. I'lie Belli D g agents Of
DO
these companies were therefore Instructed not lo altein
upon the market more than was actually needed for consumption, but
if oitloiais of other oopper-produalng oomto maintain a tlrm price,
panles had taken the same view of the siniiitinn aud inuintaiued a
I
f
tlrm price, there is 11 1 e doubt that the present unsettled conditions of
the market would have been In part, ir not wholly, obviated
During tbo present month the United Metals Belling Oo., the selling
agents for the companies in which the Amalgamated Oopper Oo
interested, has. notwithstanding these conditions, sold considerably
over 100,000.000 pounds of copper lor future delivery.
During the past wo yean the o imuanlesiu whtob the Amalir aiuated
Copper o. Is Interested have equipped their mines and smellers with
the latest Improvt meiits and most modern labor-saving appliances,
and one of these companies has built the largest aud best equipped
smelter lu existence. This oan be put In commission early In the new
year, so thai rrom now on these oompauies can produoe oopper at a
oost that oan successfully compete will any oopper producer In the
world The future prosperity of the copper business depends largely
upon such a revival of foreign trade as will brlug the total oonsump
tlon of copper nearer to the production than is the case at present.
Output and Exports.— Ihe November statement of the pro
ductionand exports of copper, compiled by John Stanton,
the well-known authority, from trade returns, shows results
as follows, in tons of 2,240 pounds, fine copper:
1
t
U. 8. reporting mines
Outside sources (est.)
18,128
3,600
1901.
20,498
3,600
Total United States
Foreign reporting mines....
21.728
8,846
24,098
8,960
23,276
7,752
Total output
Exports from United States.
30,574
6,069
33,058
8,016
31.028
9,508
Production—
Nov., 1901.
Oct.,
Nov., 1900.
19,876
3,400
1315
tained control of the
rubber.
new Stokes
patent for vulcanizing
Atlas Tack Corporation.— Sate of Property.— At a meetfirst mortgage bondholder* iu Boston on Dec.
12 Chairman James K. Carter announced that an offer of
§65,000 from H. JI. Rogers for certain machinery had been
accepted. Tne bondholders then voted to sell tin- real esThe
tate under foreclosure after the machinery is remove],
property covered by the bonds, it was stated, h*s been
ing of the
appraised lor the committee at $296,245, of which $174,000
real estate.— V. 72, p, IS
Auburn
(N. Y.) Gas
was incorporated
at
is
Co.— Incori>'>rat<;l— This company
Albany on Djc.
18 with $500,000 author-
ized capital stock.
Boston & Montana Consolidated Copper & Silver Mining
Co.— Dividend— Deposit.— The bond (see V. 73, p. 1163, 1209)
neo^BBary to permit the use of the money tied up by the
MacGinnis injunction for the payment of dividends to the
Amalgamated Copper Co., it seems has not been furnished,
and it is said the fund may be alliwed to remain undisturbed until the litigation is concluded. The Amalgamated
holds $3,447,200 of the $3,750,000 stock (V. 72, p. 1281). and
the dividend of 20 per cent declared two weeks ago would
yield that company $688,440.— See V. 73, p. 1209.
Central District & Printing Telegraph (Bell Telephone)
Co. of Fittnburg.— Increase of Stock.—The shareholders will
vote Frtb 13 upon a proposition to increase the capital stock
from $7,500,000 to $10,000,000.— V. 70, p. 533.
Centreville (la.) Water Co.— Foreclosure Sale.—Judge
in the United States Circuit Court at Creston,
la., has ordered the sale of this property under foreclosure
of the $50 000 mortgage made in 1»95 to the Fidelity Trust &
Security Co as mortgage trustee. Control of the works
was bought by the city in 1896 for $10,000, but the bonds
were not assumed. Interest was defaulted in February, 1900,
McPherson
Not in Contempt.—The United States Circuit Court of
Monday handed down a decision reversing the
order of Judge Lacombe holding Anson R. Flower (in a test
Citizens' Has Co. (Bridgeport, Conn.)-Meeting.— A meetcase for the Amalgamated Copper directors) guilty of con
ing of the bondholders was held at the office or Felix Jeltempt of court, for failing to appear before the commission lenik, No. 30 Broad St., on Dec. 18th, to consider a proposiappointed by the Montana courts, in the case of the Boston tion to purchase an issue of bonds to be put out by the
& Montana Copper and Silver Mining Co.
Bridgeport Gas Light Co. The matter was taken under adDividend from Subsidiary Company.—See Boston & Mon- visement.— V. 73, p. 339, 289,
tana Consolidated Copper & Silver Mining Co. below.— V.
Citizens* Gas & Fuel Co. of Terre Haute.— Change in Con73, p. 1209, 1161.
trol.—The control of the company has been acquired by New
American Chicle Co. New Plan. At the shareholders York parties, and Richard S. Storrs of Bertron & Storrs has
meeting yesterday no action was taken on the proposition to been elected President and Edward S. Witherby Vice-Presiincrease the capital stock, as it was announced that a new dent. The company's capitalization will remain as now,
and better plan for meeting the company's requirements is $300,000 capital stock, $250 000 first mortgage 6 per cent
being prepared.—V. 73, p. 1266.
bonds due in 1915, and $100,000 second mortgage 6 per cent
American Home Telephone Co.— Bonds Offered.—C. D. bonds due in 1905. J. A. Mc Arthur is Secretary; office,
Knapp Jr. & Co., 31 Nassau St., are offering by advertise- Terre Haute.
Columbus & Hocking Coal & Iron Co.— Plan Reported
ment on page vii §625,000 of this company's bonds. See full
in Abeyance. The stockholders, it is understood, have
particulars in Chronicle of Nov. 2, p. 958.
shown so little interest in the project for organizing a new
American Linseed Co.— Suit.—The company has applied company to drill for gas and oil on the company's property,
to the United States Circuit Court at Chicago for an
that the plan will probably be held in abeyance. V. 73, p.
Appeals on
—
—
accounting by its predecessor, the National Linseed Oil Co.
It is claimed that $500 000 or more is due from the latter
under the merger agreement. V. 73, p. 1209, 959, 955.
—
1209.
—
—
Copper Range Consolidated Co.— Majority Deposited.
More than a majority of the stocks of the Baltic and Copper
American Falace Car Co. of N. Y. City. Incorporated.— Range companies has, it is stated, been deposited with the
This company was incorporated at Albany on Dec. 14 with American Loan & Trust Co. of Boston under the consolida$5,000,000 of authorized capital stock, of which $1,000,000 is tion plan, and the temporary receipts therefor have been adto be 6 per cent cumulative preferred stock. The par value mitted to dealings on the unlisted department of the Boston
of shares is $100. The directors are:
Stock Exchange. See V. 73, p. 1210.
Joseph H. floadley, William J. Arkell. Daniel S.Brown, LeroyW.
Cumberland (Bellj Telephone & Telegraph Co.— New
Baldwin. Henry K. Davis and George E. Bouohle of New York City;
George H. Worthlngton of Cleveland, Presoott A. Sherer of Brooklyn, Stock.— The directors have authorized an increase of 25 per
Georee A. Denham of Boston, Henry W. Burgett of Brookllne, Mass , cent in the capital stock, in order to provide for extensions
and William S. P. Melvin of East Orange.
and improvements during 1902. The new stock is offered to
Mr. Bonchie takes $4, 995,000 of stock. As to the Amer- shareholders of record Jan. 1, 1902, at par, payable in four
ican Palace Car Co. of New Jersey see V, 72, p. 89, and V. equal instalments, viz., Jan. 25, April 1, July 1, 1902, and
68, p. 1022.
American Sugar
Refining Co.— Price of Sugar,— Atbuckle Bros, reduced their price for refined sugar this week
to 4*80 cents a pouDd and on Friday to 4-75 cents, their
example being followed by the other outside refineries. The
American Company still quotes granulated at 4*90 cents,
but is sbadiDg soft grades.— V. 73, p. 1118, 959.
Jan. 1, 1903, The outstanding capital stock being about
$7,485,120, an increase of 25 per cent ($1,871,280) would
The quarterly dividend of l&J per
raise it to $9,356,400.
cent is payable Jan. 1 on stock of record Dec. 18, V. 73,
p. 724, 238.
—
Delaware County Gas Co.— Sale.— See United Gas Improvement Co. below.
American Type Founders Co.— New Stock— Scrip DiviDetroit City Gas Co.—Injunction.—Judge Swan, in the
dend. This company, which has outstanding $4,000,000 capi- United States Court at Detroit, on Dec. 18, granted a tempotal stock, all of one class, proposes to issue $^,0uu,000 7 per rary injunction restraining the city officials from enforcing
cent cumulative preferred stock. To $1,000,000 of this stock- the ordinance passed last week, reducing the maximum price
holders may subscribe in proportion to their noldings, the re- of gas. The application to make the injunction permanent
maining $1,000,000 will be distributed as a scrip dividend. A will be heard Jan. 6. See V. 73, p. 1266.
circular says that the new stock will pay floating debt (See
Diamond Rubber Co. (Akron, 0.).— Increase of Stock.—
V. 73, p. 955) and capitalize surplus earnings, which in the The ''Cleveland Finance" says:
£ast five years have amounted to $1,078,247. The stockThe company, on the first of the year, will increase Its capital stock
oldeis will meet Jan. 10, 1902, to authorize the new stock. from $300,000 to $1,500,000. Six years ago the capital was only
—
—V.
73, p. 955.
Atlantic Rubber Shoe Co. —Incorporation. —This company
incorporation in New Jersey on Dec. 18. The
authorized capital stock is $10,000,000, of which $3,500,000 is
preferred and $7,500,000 common stock.
Incorporatoi s
Henry M. Rogers of.Boston, Francis C. Lothrop of Trenton,
The preferred stock is 6 per cent cumulative and
J. B. Dill.
after payment of this dividend 25 per cent of the profits are
to be set aside lor a sinking fund to redeem the preferred
shares, these being subject to redemption three years after
date issue at $120 a share. The company is said to have ob-
filed articles of
$50,000, but four years ago It was Increased to $500 OOO. It is e aid
that its stock Is at present valued at three for one, so that, according
to that there would not be very much "water" In the new ls«ue. If any.
A new rtve-story
The growth of this company has been remarkable
building for its tire department has just heen completed at Akron, and
the company Is about to install its own eleotrlo power
The company's office in this city was at 1717 Broadway, a
two story building, which was nearly destroyed by fire on
Wednesday night.
Distilling Co. of America.— Reduction Authorized.—The
proposed cancellation of unissued stock was unanimously
approved at the meeting yesterday.— V. 73, p. 1162, 959.
THE CHRONICLE.
1316
Easton (Pa.) Consolidated Electric Co.— Guaranty.
HolderB of the collateral trust bonds are notified that the
Lehigh Valley Traction Co. is prepared to endorse thereon its
guaranty of the interest thereof upon deposit of the bonds
with either the Allentown National Bank, Allentown, Pa.,
or Edward B. Smith & Co., the Bourse, Philadelphia.—
V. 71, p. 1066, 437.
—
Erie Telegraph & Telephone Co.
Reorganization.—
Kidder, Peabody & Co. and President Fish of the American
(Bell) Telephone & Telegraph Co., it is understood, are pre
paring the plan of reorganization. While no official statement has been forthcoming regarding the plan, the rumor in
Boston is that the successor company will issue $16,000,000
of 6 per cent preferred and $16,000,000 common stock, the
holders of the existing stock for every four shares held by
them to receive in exchange three new shares, and to be required to purchase at par one new share. In this and in
othar ways ample means will be provided for extensions and
improvements. The American Telephone & Telegraph Co.,
it is understood, will control the new company, and thus ob
tain a permanent hold upon certain of the Bell licensees a majority of whose capital stock is held by the Erie company
(see companies mentioned under Erie in American Telephone
& Telegraph item in Chronicle of Aug. 31, page 446). The
Erie lines embrace over 15 per cent of the entire Bell system.— V. 78, p. 1267, 1210.
Hartman Manufacturing Co.— Receiver.— Judge Achesen
in the United States Court at Pittsburg, on Nov. 27. placed
this company's property in the hands of the Union Trust Co.
of Pittsburg as receiver. Until a few months ago the capital
stock was $250,000, and the plant was located at Ellwood.
Pa. Last March Wm, J. Kiefer, formerly a lawyer, and
F. A. Ulmstead, a hardware salesman, both of this city,
bought control. Subsequently they increased the capital
stock to $2,500,000, and undertook to build a plant at New
Castle, Pa., and to buy the Cuyahoga Steel & Wire Co.
The
foundations, it is stated, have been laid for three buildings
at New Castle, and a portion of the purchase price of the
Cuyahoga property has been met, but unpaid notes, aggre
gating over $500,000, in the hands of various banks, resulted
in the receivership.— V. 73, p. 348, 1063.
Herring-Hall-Marvin Safe Co.— Payment of Receiver^
The receivers' certificates of the old company,
Certificates.
due Dec. 20, will be paid, with interest, at the office of the
Continental Trust Co., 30 Broad St., New York, on said date,
after which interest will cease.
When these certificates are
paid, the property will be free and clear of all liens and
encumbrances. Levi D. York, formerly President of the
Burgess Steel Co. of Portsmouth, Ohio, has been elected a director in place of Philip Hathaway, resigned.— V. 72, p. 1191.
International Light Heat & Power Co. of Philadelphia.
—Increase of Stock. The capital stock has been increased
from $500,000 to §750,000. The company was incorporated in
Delaware in July, 1900, the incorporators including:
O. B. Thatcher, Palmyra, N. J.; G. Ford, W. M. Patton, D. M. Rattay
and W. M. Pyle. all of Philadelphia, Pa.
—
—
Jersey City Water Supply Co.— Litigation.— Wm. Belden,
a stockholder and brother of the company's Secretary, Henry
Belden, obtained from Vice-Chancellor Emery at Newark,
N. J., on Dec. 14, an order to show cause why a receiver
should not be appointed for the company, on the ground of
inability to carry out its contract with Jersey City for the
construction of water works.
The order is returnable
Dec. 24. The company has been hindered in the work of
construction by one cause and another, especially of late by
the negotiations for the obtaining of a loan of $4,500,000 on the
security of its bonds. Friends of the enterprise, however,
express indignation at the application for a receiver.— V. 73,
p. 239, 85.
Jewett City (Conn.) Water Co.— Refunding.— A circular
William S. Pardee, Treasurer, 42 Church St.,
New Haven, Conn., makes the following proposition to the
holders of the first mortgage bonds of 1895
The company bas placed upon the plant a second mortgage of $75,-
letter, signed; by
:
000, dated July 1, 1901, and payable July 1, 1920. bearing interest at
5 per cent, payable semi-annually on Jan. 1 and July. 1. Of this $75,000
there is retained in the possession of the Union Trust Co. of New
Haven/as trustee, $52,500 to redeem, dollar for dollar, the underlying
first mortgage bonds of 1895 (reduced from $55,000 by sinking fund),
$10,000 have been sold to pay the floating debt (incurred for additions, extensions, etc.), $2,b00 are in the treasury, and the remainder, namely, $10,000, is in the hands of the trust company, to be
called for as the needs of the company may require. The holders of
the first mortgage bonds are entitled to exchange the bonds for a
similar amount of second mortgage bonds untUJuly 1,1902; after
that date any exchange will be upon such terms as the directors may
from time to time deoide. The first mortgage bonds are subject to call
at 105 for sinking fund purposes; the new bonds are not callable for
any purpose whatsoever.
La Crosse (Wis.) Gas & Electric Co.— Mortgage.— This new
company has taken title to the property of the La Crosse
Brush Electric Light Co., the Edison Light & Power Co. and
the La Crosse Gas Co., and has made a mortgage to the
Merchants' Loan & Trust Co. of Chicago, as trustee, to se
cure $600,000 of 5 per cent bonds of $1,000 each, due in 1921.
The new bonds, it is stated, are to be issued as follows :
Reserved and to be issued only on retirement of bonds of La Crosse
Gas Light Co., $7 5,000; issuable at once for improvements. $50 OOo;
to be paid the stockholders of the old companies for relinquishing
stock, $425,000; issuable for additions and improvements after 1903,
but not until the income equals twloe the amount of the interest (or
$60,000 a year), $50,000
Officers— President, W. W. Cargill ; Vice-President and
General Manager, George McMillan Secretary, James B.
Taylor; Treasurer, W. S. Cargill.— V. 73, p. 1168.
;
[Vol. LXXIII.
Marconi Win-lens Telegraph Co. of America.— Signal
Across the Ocean. Mr. Marconi on Dec. 14 succeeded
in obtaining by an instrument located near the coast of
Newfoundland, in connection with a kite, a pre arranged
signal, namely, three dots representing the letter "S,"
sent from a wireless telegraph station on the coast of Cornwall, England. The Anglo American Telegraph Co. subsequently notified him to desist from his experiments, on the
ground that be was trespassing on their exclusive territory.—
V. 70, p. 798.
—
Mian I & Erie Canal Transportation Co.— Mortgage.—
The company has filed a mortgage to the Cincinnati Trust
Co., as trustee, to secure $2,000,000 of 5 per cent $1,000
bonds
dated May 1, 1901, and due July 1, 1921. W. H. Lamprecht
is President and Otto Miller Secretary.— V. 72, p. 1188.
National Asphalt Co.— Majority Deposited.— The time for
deposits of collateral gold certificates of the National Asphalt
Co. and of the preferred and common shares of that company,
without penalty, has been extended to Dec. 28, 1901. More
than a majority of the certificates and also of the shares has
already been deposited with the committee, of which William
F. Harrity is Chairman. See advertisement on another page;
also V. 73, p. 1114. The time for the deposit of American
Asphalt 5s has expired and has not been extended, a large
majority of the bonds having already been deposited. - V. 73,
p. 1114, 1064.
National Timber Co.— New Jersey Office.—The New Jersey
the Corporation Trust Co. Building, Jersey City.
office is in
V. 73,
p. 1267.
New York
Electric Vehicle Transportation
—
Co.— Reduc-
tion of Stock. The directors have voted to recommend a
reduction of the capital stock from $25,000,000 nominal to
$5,000,000 full paid, through the reduction of the par value
from $100 to $20, the latter being the amount called, and in
most cases paid in.
Extension. The company, it is stated, proposes to extend
its service to Riverside Drive and Macomb's Dam Bridge
road; also to the ferries in the lower part of the city.— V.
—
73, p. 35.
Nicaragua Canal.— Treaty Ratified by Senate.— The United
States Senate on Dec. 16, by a vote of 72 to 6, ratified the
Hay-Pauncefote Isthmian Canal Treaty.— V. 73, p. 1268,1211.
Pacific
Improvement
Co.
Sale
announced some weeks ago (V.
Consummated.— The
sale,
the one fourth
interest in the ?5, 000,000 capital stock held by the C. P.
73, p. 960), of
to Gen. Thomas H. Hubbard, as trustee
Searles, was finally consummated on Dec. 12,
the stock being then transferred to Gen. Hubbard. See
t
Huntington estate
for
Edwin
—
V
73, p. 960.
Parkersburg (W. Va.) Iron & Steel Co.— Plant in Opera—This company, which was organized in 1900, and last
October increased its capital stock from $250,000 to $500,000,
began operating on Dec. 18 its bar and sheet steel plant.
The capacity was expected to be from 12, COO to 15,000 tons a
year. The Mercantile Trust Co. of Pittsburg is said to be
tion.
interested.
Philadelphia Suburban Gas Co.— Purchase. - See United
Gas Improvement Co. below.
Pittsburg Steel Co. Merger.— This company has increased
its capital stock from $2,000,000 to $3,000,000 (par value of
shares $100) and has taken over the plant of the Pittsburg
Steel Hoop Company at Glassport, Pa., for rolling hoops and
cotton ties. For each share of Hoop Co. stock three shares
of the Steel Co. stock, it is stated, were given. The Steel
Company is building a large plant at Monessen, Pa., for the
manufacture of wire rods and wire nails. The officers are:
Wallace H. Rowe. formerly Plttsbnrg manager for the American
Steel & Wire Co.. President; Edwin Bindley, Vice-President; W. O.
Reitz, Treasurer, and C. E. Beeson, Secretary.— V. 73, p. 86.
Pressed Steel Car Co.— New Company.— See Standard
Steel Car Co. below. -V. 73, p. 1014, 902.
Providence (R. I.) Dock & Warehouse Co.— New EnterColley & Co. of Providence are receiving subscripprise.
tions at par for the bonds of this new company, which has
been organized for the purpose of building, acquiring, owning and operating a complete system of docks and warehouses in the city of Providence. The new company will
issue $1,000,000 5 per cent 30 year first mortgage gold bonds,
denominations $500 and $1,000, $500,000 preferred stock and
$1,000,000 common stock; par value of shares $100. The common stock will be issued as a bonus to subscribers to the
bonds at par, 3,t the rate of four shares for each thousand
dollars so subscribed.
Providence Ice Co. Consolidation.— This company, incorporated in Rbode Island last month with $1,400,000 of
authorized capital stock in $100 shares, of which $400,000 is
7 p. c. non cumulative, preferred, took over on Nov. 19 the
property of all the leading ice companies of Providence, viz.:
East Providence Ice Co., Crystal ice Co. and Carpenter Ice
Co.; also an ice plant owned by Angell of North Providence and Swallow & Davis's plant at North Providence.
—
The
officers and directors are:
President, Dr E. John Kauffman of Boston; Vice-President, Walter
S. Haofeney: Secretary and Treasurer, David C. Anthony, General
Manager, Edward
C. Sweet.
Edward 8tudley, Walter S. Hackney, Albert G. Carpenter. Edward C. Sweet, all of Providence; A rohibald S.White of New
York. President of the National Salt Co.; Fred. W. Smith of Boston,
Dr. E John Kauffman of the Commonwealth Ice Co. of Boston, Fred
Directors-J.
F.
New York and J. Herbert Foster of Providence.
Vor other Inrealmeni N ews teerage 1318.
Culver of
&?r~
December
21.
I
1901.]
HE CHRONK LK
2>qxorts
1317
and gantwcuts.
SOUTH AFRICAN MINES.
from the remarks of Mr. ,i. B. 1
InSOD at the annual meeting of the Robinson South Afri -an
Banking Co. in London, on the -ith inst., gives muob information as to tlie statu- of gold mining in South Africa.
Th<- following extracts
•
*
*
1«
Having now drawn your attention
balance sheet.
*
#
to
the
> i
*
report
and
with your permission, refer to the
may say
companies in which this hank holds an interest.
that the Langlaagte Estate and Gold Kilning Company has
been kept free from water during the whole course of the
war. and some little time ago we started developing the
mine. This, need hardly tell you. is a very wise step, and
will Improve the position of the property very considerably
when we again start milling operations. The reefs of the
Langlaagte Estate are very wide, as you are no doubt
aware, and the main shaft, which was finished just about
the time that the war broke out, will assist us very much in
making these necessary developments, and also t he connections that we require between the lower levels in the mine
and the main shaft. There is no question that this work is
of great importance to the property, and when the stamps
begin to drop again we shall have an enormous quantity of
ore fully developed, and in sight. This will enable us to
keep our two hundred stamps going, whilst further developments will be carried on in the mine on a scale that will
keep the present quantity of ore already developed always
ahead of the mill. You will fully realize the great importance of these operations, and the great advantages that will
accrue to the Langlaagte Estate and Gold Mining Company
by the time that we resume milling operations.
The Langlaagte Estate and Gold Mining Company also
holds nearly one-half of the Langlaate Exploration and
Building Company's shares; and, as the value of stand
property is increasing enormously in the township of Johannesburg and its suburbs, the Langlaate Exploration Company's property, lying, as it does, adjacent to the town of
Johannesburg, will become very valuable, and is an asset of
considerable importance to the Langlaate Estate Company.
We have already had many applications for the purchase of
stands, but the directors have decided to await the end of
the war before disposing of these valuable assets, and we
anticipate that the Langlaate Estate and Gold Mining Company will eventually realize a very large sum of money for
its shares in the Langlaate Exploration and Building Company. Apart from this valuable asset, the Langlaate Estate
and Gold Mining Company holds something like seventyfour claims on another property. These claims were leased
from the Langlaate Estate and Gold Mining Company by
another company, and, as the lease has expired, the Langlaate Estate and Cold Mining Company has brought an
action at law to recover the seventy-four claims, and, as
these claims are virtually intact, I need hardly draw your
attention to the fact that this asset is of very "great value,
and will enhance the value of the Langlaate Estate and
Gold Mining Company to a very large extent. The lawsuit
to which I refer in connection with this matter will be settled as soon as the war is over, and from the documents that
the Langlaate Estate and Gold Mining Company holds, as
well as its actual position in the matter, there is no doubt
that it will win the case, and that the seventy-four claims
to which I have referred will at once revert to the Langlaate
Estate and Gold Mining Company. All the machinery belonging to the Langlaate Estate and Gold Mining Company
is in perfect order, and has been kept so during the war.
We have been unable to start milling on account of the
want of native labor. It is impossible for this company to
start 25 or 50 stamps, as the engines which work the 200
stamps would have to be used for driving 25 or 50 stamps;
and, under these circumstances, a small number of stamps
could not be used advantageously. Langlaate Estate is,
therefore, in the meantime developing its reefs, and we are
now trying to work 100 stamps, and as soon as the supply of
labor increases, we shall drop 200 stamps on very good ore,
and be able to produce a very large monthly output.
As regards Langlaagte Block B and Langlaagte Star Companies, we intend to pursue the same policy with these
!>roperties. and will start operations as soon as we can get
abor to begin the work. Everything has been done on
these companies to have matters so arranged that no delay
will take place.
All the machinery is in perfect order, and
all that we require is native labor to enable us to set both
companies iu full work.
With regard to the Orange Free State and Transvaal Diamond Mine, at this mine, as you are aware, we had taken
out some 250,000 loads of blue ground, which was placed
upon the depositing floors just before war broke out. This
ground is thoroughly pulverized and ready for washing, but
we cannot do so yet, as we are not allowed to go near the
mine. Some Boers are still in the neighborhood. One man,
however, pays periodical visits to the mine, and has found
everything in perfect order.
On the occasion of his last
visit he walked over some of the blue lying on the floor, and
I
will,
1
I
the parcel of diamonds lying
picked up by bim. These fin
show that we shall lind wdi when
All the machinery is in good
blue.
ha-- been done.
The company ha- a
diamonds on band, their quality is
realize a very high prlc
we
in-..
Indication,
and
'.\:i-Ijju^
the
tart
iroel of
and they will
RANDFONTEIN ESTATES GOLD MINING COMPANY
told you what had
You will, no doubt, remember that
I
connection with the Randfonti m Estate Gold
Mining Company, and the large area of -round which belongs to that company. It was dl aided just before the war
that we should increase tin stamping power ot each of the
companies Porges, North, South, Robinson and Block A
Randfontein— from 00 stamps each to 100. The machin
in connection with all of the.se properties has been made and
forwarded to South Africa. As soon as the war is over
these additional stamps and other machinery will be erected
without delay. All the company's assets and properties are
The trifling damage that was done to
in first-class order.
the surface machinery of the various companies has all been
repaired, and we have also made provision for pumping the
mines with the utmost speed as soon as we are a'le to do so.
We have already started at the Porges and South Randfontein companies, and it is our intention to have these
mines, as well as the others, unwatered, so that whilst the
new stamps are being added to the different plants now
erected at the mines we shall at the same time push on the
development, so as to have a large body of ore developed in
each mine, and we shall be able at the same time to increase
the output of gold very considerably. Every provision has
been made to facilitate the operations of these companies,
and a railway connection will be constructed, with the necessary sidings, from the main line of the railway to all the
companies on the property. "When these lines are finished
the cost of coal will be very largely reduced, and it will
enable the companies at the same time to convey all
for
mining purposes, at a very
the
requirements
cheap rate, to the mills and workshops on the company's
been done
in
1
—
properties.
The other seven companies, Mynpacht, Ferguson, Stubbs,
Hulsteyn, Johnstone, East and West Randfontein, will
be dealt with as soon as we can obtain labor, when we will
push on the development of these mines, and erect the neces-
Van
sary machinery.
The Randfontein property is, as you are aware, very exand as we know that there are any number of reefs
running through the properties which have not yet been de-
tensive,
veloped, measures will be taken to carry on further pros
large scale on the companies' property, and I
feel sure that we shall make further discoveries of reefs
which will become very valuable assets of the Randfontein
pectmg on a
Estates.
I have also, within the last week, received information
that a bore hole will be put on a spot on Panvlakte. which
is a very large property belonging to the Randfontein Estates, on which indications show clearly that coal will be
found. We have purchased a very large drill for this purpose, but it is impossible to start drilling at present, as we
cannot get the labor or the men to carry on the work, but
we intend to do so as soon as a favorable opportunity occurs.
You will, I am sure, fully realize how valuable this
discovery will be to all the companies on Randfontein, and
we intend to use the information that we have received as
early as possible so that if our anticipations are realized, it
will be of advantage to deal with this matter without any
;
possible delay.
Everything will be done to explore and develop the large
areas which belong to the Randfontein Estates Gold Mining
Company, and every provision is being made for this purl
pose; and, as we fully expect that further discoveries wil
be made, we are anxious to press this prospecting work as
expeditiously as possible, and shareholders will be informed
from time to time of what has been done on the companies'
properties. It is impossible for us, with all the knowledge
that we have gained of the resources of the Randfontein
Estates Gold Mining Co npany's property, to be able to tell
what will yet be discovered on this extensive area of laud.
Since we have found the second reef, which is very valuable, we feel convinced that more reefs will be found when
we begin to explore and drive tunnels under the surface for
this purpose. The layers of thick red sand varying from 1
to 10 feet on the surface lands of Randfontein have covered
all surface indications of auriferous reefs, but we shall continue to make our drives at 100 feet below the surface, for
the purpose of thoroughly exploring the large area of land
belonging to this company. 1 may mention that, besides
the twelve companies already formed, we shall be able in
know
course of time to form a great many more.
already of the existence of reefs on some of the other farms,
which are thousands of acres in extent, and which belong
to the Randfontein holding.
We
THE CHRONICLE.
1318
RESOURCES OF THE TRANSVAAL AND ORANGE RIVER
COLONIES.
Now, gentlemen,
as to the future of the Transvaal and
There, again, we have .1 marvelous
future. Both States are very extensive, and together nearly
four times the si/.e of France. They are highly mineralized
in fact, one vast mineral bed, which, by proper and systematic exploitation, will yield its great treasures for the
general good of South Africa and the British Empire.
There is a great future there for those in this country who
possess sufficient energy and determination to improve their
circumstances in life. Such as have this energy will find
sufficient scope in a land of such promise.
Those with very
small means will have many chances of drawing a prize.
What is required is a resolute will, and a determination to
succeed. They must throw their whole force and strength
into the work before them. An aimless and idle life is useless, and will entail misery and despair.
South Africa is a
country of surprises, and nowhere will this be exemplified
with greater force than in the Transvaal and Orange River
colonies.
No person can conceive or make a forecast of
future events.
No one can foresee what the systematic exploitation cf those vast regions will bring to light. Apart
Orange River
colonies.
—
Portsmouth (Va.) Berkley & Suffolk Water Co.— Consol-
—A
idation.
bill has been introduced in the Virginia Legislature to authorize the consolidation under this title of the
Portsmouth
South NorSuffolk Water Co., the Berkley
folk Water
Electric Light Co. and the Nansemond Water
&
&
&
Co.— V. 73, p. 239.
Rubber Goods Manufacturing Co.— Favorable Decision.
—The United States Circuit Court of Appeals for the First
Circuit (New England) at Boston, on Dec. 12, handed down
a decision affirming the decree of Judge Colt of the United
States Circuit Court, sustaining the company's Tillinghast
patent on single-tube tires.— See V. 69, p. 1066, 1106.— V. 73,
p. 496,
Savannah (Ga.) Electric Co.— Consolidation.— This company, which is to merge the electric light and power and
street railway companies of Savannah, Ga., will, it is said,
be authorized to issue $1,000,000 of 6 per cent non-cumulative
preferred stock, and $2,500,000 common stock, and $2,500,000
of 5 per cent bonds secured by mortgage to the American
Loan & Trust Co of Boston as trustee. The shareholders of
the Edieon Electric Illuminating Co. approved the plan on
Dec. 16.
Notice to Holders of Underlying Bonds.— Geo. J. Baldwin,
Citizens' Bank Building, Savannah, acting in behalf of the
new company, notifies as follows the holders of the underlying bonds:
The first mortgage bonds of the City & Suburban Ry. Co. mature in
1907, the second mortgage bonds mature In 1903. The Edison Eleotrlo Illuminating Co. of Savannah bonds are subject to call in 1904
(see Edison Electrio Illuminating Co. In Chronicle of Nov. 30. p.
1162). The undersigned is prepared to purchase any or all of the
above-named outstanding securities, or to offer in exohange for them
new securities of the Savannah Electric Co., now being formed. All
owners of these securities are Invited to notify the undersigned in
wilting or in person on or bt-fore Dec. 17, 1901. As the entire issue of
the proposed securities of the Savannah Electric Co. has been i-ubecribed for, subject to this exchange, and as they will be allotted at an
early date, this offer
is
subject to withdrawal without notice.
Shawinigan Water & Power Co.— Bonds Offered.— Fareon,
Leach & Co., of Chicago and New York, are offering $500,000 of this company's first mortgage 5 per cent bonds at 101
and interest.
See particulars regarding enterprise in
Chronicle of Dec. 7, page 1211. The firm has carefully investigated the matter and has sold about $1,000,000 of these
bonds to its friends.— V. 73, p. 1211.
Ship Subsidy Bill— Full Text.— The full text of Senator
Frye's Ship Subsidy bill was published in the Journal of
Commerce & Commercial Bulletin on Dec. 10.
South African Gold Mines.— Status.— At the annual
meeting of the Robinson South African Banking Co. in London on the 4th inst. Mr. J. B. Robinson gave some interesting facts regarding the present condition of certain of the
gold mining properties in South Africa. His remarks on the
subject will be fcund on page 1317.
Southern States Lumber Co.— Called Bonds.—Ten first
mortgage bonds, Nos. 17, 19, 100, 157, 214, 223, 269, 333, 377,
456, have been drawn and will be paid at the rate of $1,025
per bond, with accrued interest, at the Knickerbocker Trust
Co., 66 Broadway, on Jan. 1, 1902.— V. 72, p. 1241.
Standard Steel Car Co. of Pittsburg.— New Enterprise.—
This company will apply for a charter in Pennsylvania on
Jan. 2, 1902, with a capital of $2 000,000, all of which it is
claimed has been paid in. This company proposes to erect a
plant in Pittsburg for the manufacture of steel cars. J. M.
Hansen, formerly chief engineer of the Pressed Steel Car
Co. of Pittsburg, is one of the incorporators, and will be
President of the company.
Topeka(Kan.) Federal Light, Heat & Power Co.— New
Company. —This company was recently organized under the
laws of Arizona, to supply gas and electric light, to control
other companies, etc. Authorized capital stock $1,500,000 in
$100 shares; total liabilities, direct and contingent, limited
to$1.000,0f0.
Directors:
W. P. Black. James A. Todd. Abner Hurd, W. J. Faulkner, F. P.
Nutting, Frank E. Hayner and Charier Turner Brown, all of Chicago.
—
United Gas Improvement Co. Purchase. The company,
through the Philadelphia Suburban Gas Co., a subsidiary
company, has purchased control of the Delaware County Gas
[Vol. LXXIII.
from their mineral wealth, the great advantages thH they
possess in the shape of salubrity of climate and fertility
soil must enhance their capabilities of sustaining a large
population.
I can give you no stronger illustration of the unknown resources of hese two States than by showing you the piece
of diamond ifejous ground which has just been found there,
t
and which was brought to me by one of my men who arrived from South Africa on Saturday last. It weighs only
two pounds, and yet you can see four diamonds embedded
in it weighing about four carats. There may be more diamonds inside of the piece, but I do not wish to break it, as
it is the most wonderful thing I have ever seen. It is simply
unique; and you can be quite sure that where that piece of
stuff was discovered there are many more diamonds.
What
a vista of possibilities is foreshadowed by discoveries of this
kind in the future of the two btates after the war is over,
and when the country is settled and thrown open, and the
great rush of people takes place which is bound to follow
the establishment of peace. I have drawn your attention
to these
important matters, as
what great chances
before us
States are under consideration.
lie
it
is
well for us to know
resources of the
when the
Co., capitalized, it is stated, at $225,000 stock (in $25 sharci)
$2,000,000 5 per cent bonds. Rumor places the price paid
for the stock at about £15 a share.— V. 73, p. 964.
and
United States Cotton Back Corporation.— Income Bonds.
cumulative income bonds of the Mount Vernon- Woodberry Cotton Dack
Co. have recently been extremely weak on rumors tnat the
January income interest would not be paid. Under the
terms of the mortgage, action on this interest, usually paid
Jan. 1 and July I, need not be taken until after the middle
of those months. The payment, it is said, has twice been de-
— The prices of the company's stocfc and the
ferred.— V. 73, p. 964.
United States Rubber Co.— Mr. Flint Resigns as Director.
Charles R. Flint, who resigned last July as Treasurer, has
also resigned as director. (See V, 73, p. 188.)
New Company.— See Atlantic Rubber Shoe Co. above.— V.
—
73, p. 622, 188.
United States Steamship Co.— New Enterprise.—This
company has been organized with a capita it.o;jc of S",000,000 to operate a fleet of steamers betweei.
ot>
;. tne West
Indies, Mexico, Central America and ovnu. .±- "'r a. A. N.
White of Pawtucket, R.
I., is
President
Duoctrrs
Miller 8tewart, W. A. Russall, William P KOj^r
and Haymond
A pollonio, all of Boston; William H. Hoatrlan Ne" Fora; George E,
West, Chicago; E. P. S. Wright, Chicago; "W. h. -pauiding, Nashua,
N. H., and Carlos Carbonel, Havana.
W.
The
service will be begun with four steamers.
Virginia-Carolina Chemical Co.— New 8ioe>*-— Amplica,:
tion has been made to the New York Stock Exchange r*»
$15,984,400 additional common stock, making tetai i.suoa
$27,984,400. There is also $12,000,000 preferred. See V. 73,
p. 1268, 295.
Westinghouse Electric & Manufacturing Co.— Electric
Machinery for the London Underground. Charles T, Yerkes
has awarded the contract for the electrical equipment of the
London underground railroads (Metropolitan and District,
now operated with steam,) to the British Westinghouse
Electric & Mfg. Co., Ltd., whose works at Manchester, Eng-
—
land, will soon be in operation. It is expected that the work
portion of the mawill be completed within two years.
chinery will be built at Pittsburg, until the Manchester
works are in operation.
Power Securities
Subsidiary Companies.— The Traction
Co., Limited, with £1,100,000 authorized capital stock, has
been organized in London by the Westinghouse interests to
take over, it is said, and realize upon the securities received
abroad as part payment under Westinghouse contracts. The
" Societe Anonyme Westinghouse " also has been organized
in France, with a capital of 20,000.000 francs, to acquire the
Societe Indnstrielle Westinghouse (a concern controlling the
French Westinghouse patents for electric machinery), and
also to handle the Westinghouse business in such machinery
and also in gas brakes and gas engines, not only in France,
but also in Italy, Belgium and Switzerland.— V. 73, p. 1114,
A
&
964.
Wells, Fargo & Co.— Extra Dividend.—The company has
declared in addition to the regular semi-annual dividend of 3
per cent an extra dividend of 2 per cent, both payable Jan.
15.— V. 71, p. 1317.
—The December
-
issue of the "Offijiai Railway Guide contains not merely the current figures for all railway lines, but
also information respecting changes on 619 time-tables,
affecting not less than 15,846 trains, and giving the latest
current news as to the time of the arrival and departure of
trains at not less than 28,000 stations. With its very full
time tables and maps the " Official Guide" is indispensable
to any traveler.
—The
'
first of a series of very comprehensive quotation
compiled by A. A. Lisman, 25 Broad Street, is now
ready for distribution. The list covers unlisted and inactive
industrial bonds, and gives not only quotations, but also
amounts outstanding, interest rate and period. &c. It will
be followed by one on gas and electric securities, which is
lists
now
in the' printer's hands.
December
THE CHRONICLE.
21, 1901.]
1319
COTTON.
Fbipat Night. December
COMMERCIAL EPITOME.
Friday Night. Dec. 20. 1901.
Considering the season of the year the volume of buslne a
slightly.
The
<
and refined su^ar, most staple products
firm,
was
close
25,
family
00@19 75. Cut meats have hisd
but prices have held about steady
at $18
only a small jobbing sale,
at 7@7>^c. for pickled shoulders,
9%@10%i.
for
pickled
hams and
8Jg @9>^e. for pickled bellies, 14@10 lb3. average.
Beef has been quiet but well held at $9@10 for mess, $10@
11 50 for packet, $11@12 50 for family and $!8 50@18 75 for
extra India mess in tcs. Tallow has advanced slightly, closing steady at 6c. Stearines have been quiet at lie. for lard
stearine and 10%@llc. for oleo stearine. Cotton seed oil has
been quiet and prices have weakened to 39}£@40c. for prime
yellow. Butter has been in light supply and firm for choice
grades, closing at 15@25c. for creamery. Cheese has had a
moderate sale at steady prices, closing at 7@llc. for State
factory, full cream, Fresh eggs have been scarce and higher,
advancing to 35c. for choice Western.
Brazil grades of coffee have had only a limited distributing
sale, feeling
the influence of the holiday dulness.
Offerings
have not been large; but, reflecting easier foreign advices,
prices have yielded slightly. The close was steady at 6^c. for
Rio No. 7. West India growths have received a limited
amount of attention, the better grades being wanted; prices
have held steady at 9 \ for good Cucuta. East India growths
have been quiet but steady. Speculation in the market for
contracts has been on a limited scale only. Prices have
weakened slightly, following Europe. The close was quiet
but steady. Following are the closing asked prices:
Deo
6-60o. May
695o. Aug.
7-25o.
Jan
6-60O. June
705o. Sept.
7*35e.
March
675c. July
7-15o. Oot.
7-40o.
Raw sugars have been neglected, refiners being practically
out of the market. The close was easy at 3%o. for centrifugal, 96-deg. test, and 3 9-32c. for muscovado, 89-deg. test.
Refined susar has been unsettled and lower, closing at 4 75@
4-90c. for granulated.
Teas have been firmly held. Other
staple groceries have been steady to firm.
Kentucky tobacco has been steady. Business for the week
has been quiet, but it was learned that earlier in the month
fair sales were made for export to Hiyti markets.
The demand for seed leaf tobacco has been light, only an occasional small sale being made. Prices have been quoted unchanged and steady. Foreign tobacco has been quiet and
unchanged.
Business in the market for Straits tin has been quiet and
the close was weak and lower, influenced by decidedly
weaker foreign advices. Prices quoted were 22'50@23c. Ingot copper has declined to 13c. for Lake, with only a moderate business transacted. Lead has been quiet and lower,
prices being reduced to 4c. Spelter has been unchanged,
but the close was easy at 4-45c. Pig iron has been firm,
closing at $13 00@16 00.
Refined petroleum has been weaker, closing quiet at 7'20c.
in bbls., 8-30c. in cases and 4-65c. in bulk. Naphtha has been
unchanged at 9'05c. Credit balances have declined to $1 15.
Spirits of turpentine has been firmer but quiet, closing at
38%@39c. Rjsins have been quiet at$l 55@l 60 for common
and good strained. Wool has had a slightly better sale at
firm prices. Hops have been in more active demand and
Mon.
Sat.
Tkurt.
Fri.
Toi.at
7,622 13,127
Sab. Pass, Ac.
••••
Stow Orleans... 14,441 14,149 18,901 15,165
969
883 1,637
Mobile
.....
928
'ensaoola, Ao.
9,242 10,468
8,710
7,535
489
489
9,745 10,479
710
2,539
864
8,194
7,127
3.691
2,114
1,605
124
670
2,061
18
2,579
1,674
82,883
7.716
864
51,276
Brunsw'k.Ao.
......
872
Pt.
Koyal.&o
4,898
2,455
1.807
2,311
460
2,487
2,878
6,550
3,858
......
2,073
Vllmlngton....
Wash'ton.Ao.
......
Norfolk
3,154
Tp't News. Ac.
......
York
1,174
1,773
1,556
524
1,807
414
468
562
1,025
446
104
177
S"ew
'biladel'a,
42
Ac.
l
I
3,691
13,251
124
10,062
18
19,993
397*
397
306
233
209
71
1,994
171
7,067
2,984
1,994
til
Baltimore
1,011
week 43,929 50,610 67,902 49,372 35,462 45,158
The following shows the week's total receipts, the total slnoe
ient. 1.1901, and the stock to-night, compared with last year.
rot. this
1900
1901.
fiecf.ipti to
rai«
week.
Since Sep.
1, 1901.
88,613 1,233,527
489
26,299
3ab.P.,Ao.
iew Orleans 82,893 1,191,883
doblle
7,716 111,762
84,558
"sacola.&c.
864
savannah... 51,276 749,313
3,691
87,089
Br'wlok.Ac.
176,631
Charleston.. 13,251
124
1,056
P.Royal.Ao.
199,029
tVllmtngton. 10,062
311
Vawh'n, Ao.
18
19,993 267,154
Norfolk
10.267
397
Sf'port N., Ac
63,586
Sew York... 7,067
45,131
2,984
40,752
Baltimore .
1,994
12,575
1,011
'hlladel.Ao.
talveston...
Tki§
week.
Stock
Since Sep
1,
1901.
1900.
241,533
267,212
313,209
28,999
379,237
39,163
1900
82,722 1,151,329
3,586
19,601
73,606 1,336,983
6,3)6
95,965
10,553
62,584
33,685 652,828
6,413
59,297
176,319
6,881
149
537
8,984 202.205
15
441
14,633 244,474
2,642
25,595
5,881
34,182
11,713 106,631
24,101
3,796
960
10,215
......
......
173,552
7,830
32,906
136,412
8,002
20,605
18,711
12,237
42,445
43,129
6,646
58,893
57,000
13,655
1,197
103,778
47,000
12,566
5,210
6,012
292,433 4,300,923 267,531 4,2S4,2«7 1,028,936 1,048,203
Note. —Correction of receipts since Sept. 1: 7,9 16 bales deduoted at
Galveston, 1,822 bales added at Wilmington.
In order that comparison may be made with other years,
vearive below the totals at leading ports for six seasons,
AeceipU at—
Jalves'n.Ao.
1900.
1901.
News, Ao.
397
Ill others...
17,611
86,308
73,606
6,356
33,685
7,000
3,999
14,633
2,642
39,302
wk. 292,433
267,531
Hew Orleans
vfoblle
Savannah...
Jhae'ton, Ao.
Vllm'ton.Ac
Norfolk
*.
89,102
82,883
7,716
51,276
13,375
10.080
19,993
!
I
firmer.
Wed.
rue*.
12,996 13.562 26,156 15,150
Dec. 20.
easy at unchanged prices, with mess at $16 25@17
and short clear
at—
Htoeipti
quiet.
DAILT CLOSING PRICES OF LAKD FUTURES.
Sat
Mon. Tuet. Wed. Tkurt. Fri.
10-25 1017J 1022 1020 10 02 1000
December.
The demand for pork has been quiet and the close was
at $18
804,639 bales last week and 323,905 bales the previous
week, making the total receipts slnoe the 1st of Sept., 1901.
1,300,923 bales, against 1,254,287 bales for the same period or
1900. showing an innrease slnoe Sept 1, 1901, of 46.636 bale*.
itfiiinst
with the outlook for favorable trade
conditions considered good. A disastrous storm and flood
occurred in the States of Pennsylvania and New York, doin^
much damage to property. Weather conditions have been
decidedly wintry throughout the country and it is claimed
hive interfered to some extent with the m ovement of the
crops in the West and South.
Lard on the spot has continued to meet with only a very
moderate sale and under slightly freer offerings prices have
weakened slightly. The close was qiietat $10 02>£ for prime
Western and $9 60@9 80 for prime City. The demand for refined lard has shown no improvement and prices have weakened with the raw product, closing at $10 05 for refined for
the Continent. Speculation in the market for futures has
been on a limited scale only, and under limited selling by
packers and some liquidation by longs prices have weakened
hive held steady to
evening the total reoelpts have reaohed 292,433 bales,
thia
transacted in mo3t articles of merchandise h*s reached fairly
satisfactory proportions; much of the buying, however, has
been of supplies for shipment and billing after the turn of
the year. Although several important price changes have
occurred during the week, including sharp cuts in the quotations for copper, lead
20, 1901.
The Movement of the Ubop, as lndloated by our telegi -una
from the South to-night, Is given below. For the week ending
rot. this
llnoe Sept. 1 4800,923
1899.
1898.
1897.
1896.
8,871
17,646
1,748
30,847
122,697
96,953
10,034
87,854
9,383
10,363
82,970
1,149
41,427
66,608
127,865
18,664
55,670
22,224
11,634
28,737
417
34,448
63,885
101,163
13,637
37,911
28,793
7,623
32,812
218,793
362,880
366,267
310,522
48,377
63,693
9,648
33,617
4,316
848
28,960
4254 287 3742,742 5503,922 5265.306 473",033
exports for the week ending tnis evening reach a total
x lie
166,958 bales, of whioh 115,960 were to Great Britain, 10,859
Franoe and 40,139 to the rest of the Continent, Below
trethe exports for the week and slnoe Sept, 1, 1901.
it
io
W**k MnMn§ Dtc. 20, 1901
MxporteA to—
Exverti
from—
threat
ContiFrance
Brit'n.
nent.
45.S26
8,748
•<«w
Orleam.. 43,772
8,500
12,214
0,060
•emaoola
terannah
iraniwtok
0r«a
fir. lain.
19.667
01,486
6,060
.....
Jharieston....
'ort Royal
<VUmlnirtoD.
7,570
.
7,670
Norfolk
Vport
N.,
4c
1.179
3,359
'hlladelpkla..
600
ianrran.,Ao..
notal. 1900 ...
Continent.
Mat,
270.449
8.166
287,727
927,800
16.510
844.308
66,478
74.590
444,099
64,091
81,987
15.767
•8.009
140.631
1,700
84,287
27,040
4(5,690
8.517
877.021
13,984
28,888
68.049
83,963
92.946
8.831
1,000
78,796
600
26,216
1..03
1,703
3.916
10,977
10,977
5?0
laltlmore
89.706
8.569
3.509
Franc
7,060
103.031 148.584
16,891
163.823
8,933
1901. to Dtc. 20 1901
477>15 179,409
81,817
1,179
15,065
1,
Swporttd to—
2ot«l
......
.•••••
8«»i
W$4h.
lab. Pass. Ac..
tfoblla
from
9,928
108.862
400
17.974
1.756
1.403
52.314
170,899
9.881
16,891
206,003
80.661
43.589
6,319
62,314
116.9(0
10.S69
10.180 160.958 1,559,301 870 573 1,829.391 S.159.278
987
20.C67
68.228 US, 277 1.626.662 332.601 1.094.011 2,951.177
Bfl
THE^ CHRONICLE.
1320
In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
oleared, at the ports named.
We add similar figures for
Mew York, whioh are prepared for our special use by Messrs,
Lambert ft Barrows. Produoe Exohange Building.
(TOL. f.TTTTT,
ifUTUBBB.— Highest, lowest and dosing prices at New York.
og5<»2 f?a!
«,.
Wo,. Hot;
Effi.
OS SHIPBOARD, HOT OLEARED FOB—
Dee. 20 at—
I
Leaving
Great
GerOther OoattBritain Fr'nee many. For'gn voiee.
ttock.
Total.
00 <x
I
New
7*;
Orleans.
Galveston
Bavannah
Oharleston...
Mobile
Hew York
Other ports
251,184
125.763
127,152
9,707 16,00fi 21,335 13.641 1,486 62,075
67,780 33.670 11,867 2,463
115,780
13,000 3,300 22,; 00 8,100
46,400
6,785
4,500 1,234 11,519
3,000
3",3O0
6,000
2,500
ls'obo 17,500
"206
4,160
4,350
li'.OOO 3,000
10,000
24,000
Total 1901.. 115,922 52,976 69,20. 81,804 17,720 287,624
I
9
I
66
I
1
9
00 00
21,:-87
I
I
22,999
24,945
99,4 28
68,514
1
741,312
1
1
1
9
1
9
1
89,853 38.398 69,071 29.815 26,510 248,642
41.H51 22,600
29,333 186,083
92, 299
>
'
799,561
958,327
Speculation in cotton for future delivery has been on a
moderate scale only. Fluctuations in prices have been within
a narrow range and the net change for the week is unimportant. The principal feature of the trading has been the
gradnal liquidation of the long interest in January contracts,
which is being transferred largely into March and May conThe sentiment of the trade has continued largely
tracts.
bullish and many have been inclined to look for a better
market following the turn of the year. The movement of
the crop for the week has shown Dy the arrivals at the ports
and interior points something of a falling off, although the
claim is made that the severe weather experienced at the
South has interfered with the movement of cotton from
plantations. The bull interest, however, anticipates a con
siderable falling off in the crop movement in the near future,
and it is on this expected development that they anticipate
an improvement in prices. To-day there was only a limited
amount of activity to the trading, but prices advanced a few
points on steadier foreign advices and a smaller movement
of the crop for the week than expected. The close was
steady at a net gain for the day of 4@8 points. Cotton on
the spot has been steady, dosing at 8}£c. for middling
uplands.
The rates on and off middling, as established Nov. 20, 1901,
by the Be vision Committee, at which grades other than
middling may be delivered on oontraot, are as follows,
Fair
.0. 1*14 on
Good Middling Tinged
Even
Middling Fair
080 on Striot Good Mid.Tlnged.c. 0-20 on
0-50 on Striot Middling Tinged.... 006 off
Strict Good Middling
Good Middling
032 on Middling Tinged
012 ofl
Low Middling
Middling
Striot Good Ordinary
Good Ordinary
Strict
0-14 off
Low
038 off
072 off
Low Mid. Tinged...
Middling Stained
Strict
034 off
050 off
1
I
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Total 1900..
Total 1899.
od an
1
OD
iS
M
to
to
to
tO
co
09
c
to
©
The Visible supply op Cotton to-night, as made up by
cable and telegraph, is as follows. Foreign stocks, as well
11
11
CO
'
te-
as the afloat, are this week's returns, and consequently all
Strict Low Mid. Stained... 1-06 ofl
foreign figures are brought down to Thursday evening.
1-50 off
Low Middling Stained
But to make the total the complete figures for to-night
On this basis the official prioes for a few of the grades for (Dec.
20), we add the item of exports from the United States,
the past week— Dec. 14 to Dec. 20—would be as follows.
Including in it the exports of Friday only,
1899.
1898.
1900.
1901.
UPLANDS.
Sat. Won Tnci Wed Xh.
stock at
1-00 off
Liverpool
Good Ordinary.
7-50
8-12
8*50
8-82
9-30
Low Middling..
Middling
Good
Middling..
7 50
812
8 '50
8-82
7-50
8 12
8'50
8'82
930 930
Sat. rnon Toet
Middling Fair...
GULF.
Good Ordinary. ...
7'75
Middling....
Middling Fair
7-75
8-37
8'75
9-07
9-55
STAINED.
Low Middling..—
Middling
Good
Low Middling..— ....... ......
Middling
Striot Low Middling Tinged,
flood Middling Tinged
,
7'50
8-12
7'50
8'12
8*0
850
8-82
9-30
Wed
8-82
930
Th. Frl
7'75
8-37
7'75
8 37
8
9-07
9-55
875
907
955
Sat.
fflon
Taei
7 00
8*00
8'16
700
700
800
700
7 00
8 00
8-16
816
50
8'50
8-00
8-16
8-50
8-ftO
837
875
8'00
8-16
8'50
8
75
9-07
9-55
7-50
8-12
8'50
8-82
9 30
7'75
8-87
8*75
7-75
907
907
955
9-55
Wed Tk
837
8
75
Frl
700
800
8*16
8-50
The quotations for middling upland at New York on
Dec. 20 for each of the past 32 years have been as follows.
1877....C.11J4
1893. ...0. 7'e
1885
0. 9>4
1901.. ..O. 8*fl
9?8
12ie
1892
1884
11
1900
1876
lOlie
715 16 1883
136 1S
1891
1875
1899
103s
79ie
513 18 1890.
1882
14*8
1898
1874
93s
103s
1881
12
1889
1873
16
1897
10H
B'a
73 16
ll 15 ie 1872
1880
20*8
1896
1888
9\
20i«
12ia
85 16
1879
1895
1887
1871
109ie
97 16
15ia
1878
1894
b\
1886
9
1870
Note.— On Oct. 1, 1874, grades of ootton as quoted were changed.
According to the new classification Middling was on that day quoted
*«o. lower than Middling of the old classification.
MARKET AND BALES.
The total sales of ootton on the spot each day during the
week are indioated in the following statement. For the
convenience of the reader we also add oolumns whioh show
at a glance how the market for spots and futures olosed on
same days.
Spot Mibsit
Closed.
Futures
Market
Olosed.
Saturday .. Quiet
Monday.... Quiet
Tuesday... Quiet
Steady
Sales of Spot
Ex-
Oon-
Con-
port.
tump.
tract.
Quiet
Quiet
Wednesday Quiet...
B'rly steady.
85
Thursday
Quiet
Quiet &st'dy
Friday...
Quiet......
Steady
227
112
Total.
a Contract.
Total
2,900
3,700
2,000
1,300
2,900
3,700
2,085
1,587
500
612
424 10,400 10,824
bales.
nook at London
620.000
6,000
626,000
13,000
169,000
542,000
12 000
554,000
15,000
155,000
703,0001,256.000
2,000
5,000
Total Great Britain stock.
705,000 1,261,000
Stock at Hamburg
13,000
16,000
.........
Stock at Bremen .... .... ......
195,000 290.000
S&oofe at Amsterdam
2000
2,000
9tock at Rotterdam
200
300
200
Btock at Antwerp
7,000
6,000
5,000
3,000
Stock at Havre
103,000 244,000 213,000
121,000
4,000
Stook at Marseilles
4.000
2,000
2,000
34,000
Stock at Barcelona
77.000
37,000
55.000
40,000
Stook at Genoa
46.000
38,000
30,000
10,000
Stook at Trieste
5,000
3,000
2,000
613,300
Total Continental stooks.
395,000 358.200 595,200
Total European stooks ..1,021,000 912,200 1,300, ,500 1,874.300
India ootton afloat for Europe
24.000
50.000
8,000
17,000
Amer. ootton afloat for E'rope. 795.000 669.000 468,000 921,000
f
58.000
E<rvpt.BrazU,&o.,aflt.forE pe
46000
97,000
72.000
Stock in Alexandria, Egypt... 203.000 174,000 IS^.000 226.000
Stook In Bombay, India
155,000 211.000 240.000 192000
Stock In United States ports.. 1,028.936 1,048.203 1,1*4 410 1,847.187
Stook In U. 8. interior towns.. 716.264 785,305
833,028 738,178
52,468
1«,101
United States exports to-day..
19.943
26,025
Total visible supply
4,028,143 3,921,733 4,297,739 5,433,133
Of the above, totals of American and other descriptions are as follows
American—
470,000 615,000 1,158,000
328.000 56 2.000 566,000
669.000 468 000 921.000
American afloat for Europe..
United States stook
1,028,936 1,018.203 1,144,410 1,347,187
anited States interior stocks. 716,264 785 305 83-f,028 738.178
18,101
19,943
26,025
52 468
United States exports to-day.
Total American
3,474,143 3,326,533 8,640,53^ 4,782,833
Matt Indian, Bratil, 4c—
88,000
98,000
72,000
Liverpool stook
65,000
5.000
12.000
2,000
6.000
Londonstock
47.300
33,200
86 000
30 200
Continental stooks
50,000
8.000
24 000
India afloat for Europe
17,000
58,000
97.000
46,000
Egypt, Brazil, Ac, afloat
72,000
Stock In Alexandria, Egypt... 203.000 174,000 1H9.000 22^.000
192.000
Stock in Bombay, India
155,000 211.000 240 000
Total East India, Ac
554,000 5W-V200 657,200 650,300
Total American........
3,474,143 3,326,-'33 3,640,539 4,782,833
Total visible supply
4,028.143 8,92., 733 4,29-. 739 5,433.138
4i9 32 <L
S3 8 2d.
45 16 d.
Middling Upland, Liverpool..
5*d.
5' 8 c
7» 16 c.
Middling Upland, New York..
105 l6 o.
8^0.
6i6 ia d.
5kd.
8*3d.
Egypt Good Brown, Liverpool
7^.
6^d.
7^d.
Peruv. Bough Good, Liverpool
7*jd.
7d.
4i6 3S d.
4*3(1.
35 16 d.
Broach Fine, Liverpool
5 9 ied.
3iied.
rinnevelly Good, Liverpool...
53 16 <L
49 1 e<L
43i 6 d.
Continental imports past week have been 109,000 bales.
The above figares indicate an increase in 1901 of 101,410
Dales as compared with same date of 1900, a loss of 269,596
bales from 1899 and a decline of 1,401,990 bales from 1898.
Liverpool stock
Continental stocks
bales.
.
jy
555.000
359.000
795,000
December
THE CHRONICLE.
21, 1901.]
1321
(^dotations fok MIDDLING OOTTOM at Other Markets.—
At the Interior Towns the movement—that Is the receipts Below
are closing quotations of middling cotton at Southern
for
the
shipments
for the week and since September 1, the
week and the stocks to-night, and the same items for the
oorresponding period of 1900— is set out in detail below.
other principal cot ion markets for each <i;ty of the week.
CLOSING QUOTATIONS FOK MIDULIHQ COTTOH OH—
Week ending
unci
Dec. SO.
tiutur.
Galveston...
New Orleans
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
Boston
Baltimore
..
HdbO
H SOS
3?2
«» -Mg; -go
Ca>
- i
i
h
SO!
3"
•
2*
s
"
»o2
Sga
S*
*
*
*
-
*£ 3
•"
*
.
.
- * - -
O
*o
n
5
.
fe
»
Philadelphia
Augusta
•
'•!•••••••
•
8t.
00
CO -J CO
*
M
W
*-•
l
Louisville
(O'^ftO
cto to on-
M
K> **
N"-1
>-•
oo
t
00
W
M
WOCCM;
lo Vo
'
,
*M*._N
V" 00 01
f**P
WtSMoJOOkO
C^l
*3 .1
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05
8**
8>4
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8%
BH
8>4
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84
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84
8
8
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8%
8*8
8i«
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8
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81l6
8»«
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81l6
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bhs
8
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m
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Columbus, Miss
Euiaula
74
7%
NashvlUe
Natches
Little Rock ...
Montgomery. .
7»i 8
78 1 s
Raleigh
Shreveport
.
7?9
7i3 ia
7 7a
7\
—
—
—
0>m MM COM tO CO
Average thermometer 41, highest 10, lowest 13.
Fort Worth, Texas.— We have had a trace of rain on one
day of the week. Average thermometer 51, highest 86, low-
ex"«j
tO«05tOO)
IX-
8
8»«
8»4
8
7 7e
Corpus Christi, Texas. There has been a trace of rain on
one day during the week. The thermometer has averaged
53, ranging from 20 to 86.
San Antonio, Texas. Dry all the week. The thermometer has ranged from 16 to 74, averaging 45.
Palestine, Texas. Rain has fallen on one day during the
week, the precipitation being seventy hundredths of an inch.
Si
W M » « J^* O w WIS «I
b«
— eo«acocxocRex —
f\
8
7 78
7 78
7*1
lowest 24.
o ~3 o to r^ to co o » to x * as
cx^sIh mIoj « ex co «c ex^-
7\
8
2i7s
7
—
Ot;ifk*'ce»j»jcoac»i-'r-oi-'Mto
OOWOtS; **tOfO*9<aO>QD
to co to
4
CX^M COtOMCO
00<10>X<»"»X®x'cOO'ioM*>.CXM
05*''
'<Ob5COto"Mto"--i-'Cx"a>cx toao t»so® oicoi^co
ao|
l
7 7e
7 7h
7's
7^8
8»fl
*
H
7»»18
7's
7'8
3ia
18
7 7e
7'a
7 8
7 •>
8
picking has been interrupted where not already completed,
and a number of correspondents state that the movement of
the crop to market has been interfered with.
Galveston, Texas. We have had rain on three days during
the week, to the extent of eight hundredths of an inch. The
thermometer has averaged 47, the highest being 70 and the
tOMM
M
CX
0D<JOU O M CO - >-• -J CO C* *»• M *k to CO COl^^OX*-K)COi^OM
•tl S OS X 01 — MO. tO * JO COj^^-1 1^
^.p^— J^ MOOOJ MpDOOO p W C* CO 00
e&co"»- Vc~— cxoo'co'^'aiViViflo* *kVitooo~cxcVoVj'to*»to''r m'mos
jK-Ocai:- co^it. coyos^dccoccooi^cctotccoaaKCo^i -.n
l 7e
7
8
7is ia
Weather Reports by Telegraph.— Telegraphic reports
to us from the South this evening indicate that on the whole
the weather has been of an unsatisfactory character during
the week. Temperature has been very low as a rule, the
thermometer registering below zero at some points. Rain
has been quite general, with the rainfall rather excessive in
a few districts. As a result of the unfavorable conditions
^
if>.
1—
.
Columbus Oa
wco^ico' tt<x»»«oaDW ** <s to tea weo*coi»3«j»cou'Oi — i* oi^
-jtpao©' o 00 k- tx co to co 00 *» -3 m co it o c» w o *> O w to »i oo it* -a
coeoco*»
.
.
o-®*-oi»ei*'C;iM».cti»)o>fJcaoooo
to
<J
00
..
A t tltt liH ..•«.••.
Atlanta
Charlotte
boo'wesVtocDcDwVioo^.oc H"ooc^o>wo>aoo>^ c. -^^icesae*'-*©
sotooo^asaoi'i s aoiocs»oa«»l»}fc3C*ocac«o-3~i'x>cos(v-5Dco»«cfc
BOO®^o»xcoi
^
3ia
8
J<Yi.
The dosing quotations to-day (Friday) at other important
Southern markets were as follows.
>-•
co
to
i- V* CO —
— XifcOSO'W^tOCO CO U> * — O O
tO<- '<0
w-atocoao^j^-jaw w w #• o wjr c" e m a ^ H *."J .H .w.-k P.<B P.t"
C3J.-4I*.
Louis
Eloustou
Cincinnati
OEtOCOJCOr©'-»OU<C2*tt50*-*0".i5 0tO©*W
'.
>
8
7>:<
Tkurs.
8
•hi
8'lB
8
l
....
Memphis
•
•
.
8>e
B
Wcdne*.
Tuei.
Ifon,
o»4cococococo~ji>i^<pxocotocox-"-toi^
est 14.
show that the interior stocks have inNew Orleans, Louisiana.— We have had rain on one day
creased dnring the week 20,848 bales, and are to-night 69,041 during the week, to the extent of seventy-five hundredths of
bales less than at same period last year. The receipts at all an inch. The thermometer has averaged 44.
towns have been 16,673 bales less than same week last vear
Shreveport, Louisiana. — We have had rain on two days
Overland Movement for the Week and Sinoe Sept, 1.— during the week, the precipitation reaching one inch and
We give below a statement showing the overland movement thirty eight hundredths. The thermometer has ranged from
for the week and since Sept. 1, as made up from telegraphic 16 to 72. averaging 45.
Columbus, Mississippi. — We have had rain on one day of
reports Friday night.
The results for the week ending
Dec. 20 and since Sept, 1 in the last two years are as follows. the week, to the extent of fifty five hundredths of
The aoove
totals
an inch.
1901.
December 20.
Week.
tkif_
l»8t. LoulB..
VlaOalro
.....
Via Padaoata
Via Rook Irland
Via Loalevlhe
Via Cincinnati
Via other routes, &o....
.......
,
-..—
—.
24.652
5,248
i'&'i
7,163
4,113
15,802
Binet
Sept. 1.
1900.
Average thermometer
low zero.
32,
hignest 65, lowest 2 be-
—
Leland, Mississippi. No cotton picked this week. We have
had rain during the week, to the extent of seventy-five
hundredths of an inch. The thermometer has averaged 37,
the highest being 68 and the lowest 9.
37,143 509,863
Meridian, Mississippi. Rain and snow have fallen on four
8,249 129,519
305
3,99* days of the week, and temperature has dropped from 60 down
3,206
38,527 to 8.
The bad weather retards receipts. Tne crop in South
65.S12
6,254
4,831
32,426 Mississippi is estimated to be 50 per cent larger than last
Week.
377,968
61,972
24
16,032
81,738
45.015
154,724 11,263
Bince
Sept.
1.
—
124,670
year.
—
Vicksburg, Mississippi. This has been the most severe December
weather on record. No picking done There has been
Deduct iMpiHcnu—
Overland to N. Y., Boston, &c. 13,056 162,044 22,330 175,179 rain on two days of the week, the precipitation being one
629
31,628
1,586
70,155 inch and fifty seven hundredths.
The thermometer has
Between Interior towns
19,908 ranged from 13 to 76, averaging 31.
694
662
20,653
Inland, &o.,from South
Greenville, Mississippi. The weather has been very cold
Total to be dedueted
—. 14,347 214,325 24,610 265.302 during
the week, and everything is frozen up.
Leaving total net overland*. 43782 523.148 46.641 639,613
Little Rock, Arkansas.
We have had rain on two days
* Inoludlng movement by rail to Canada.
during the week, to the extent of two inches and fifty eight
The foregoing shows the week's net overland movement hundredths. The thermometer has averaged 24, the highest
being 66 and the lowest 6.
this year has been 43,782 bales, against 46,641 bales for the
Helena, Arkansas, Freezing weather most every day of
week in 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 116,465 bales the week. Rain has fallen heavily on one day during the
week, to the extent of two inches and twenty- nine hun1900.
1901.
dredths. The thermometer has averaged 45, ranging from
Jh Sight and Spinner*'
19 to 71.
Since
Since
Taking*.
Week. Sept. 1.
Wee A;. Sept 1.
Memphis, Tennessee. Extremely cold weather has prevailed bince last Saturday, checking unrketing of cotton.
292.438 4,300 9°3 267.531 4,254,587 It has rained on three days of tbe week, with rainfall to the
Receipts at ports to Deo. 20...
43.783 523.148 46,641 639,6. 3
Vet overland to Deo. 20
extent of two inches and ten hundredths. The thermometer
Southern consumption to Deo. 20. 36,000 547,000 32 000 477,000
has ranged from 2 to 67, averaging '21 -5.
Total gross overland
58,129
737,473 71,251
904,915
—
—
—
—
Total marketed
372,215 5,371,071 346.172 5,870.9
20,848 586.959 42.270 740,678
,
interior stooks in excess.
388,442
Came into sight during week 393.063
6,112.578
5,958,030
Total in sight Deo. 20
Horth'n spinners
Movement
tafc'gs to Deo.
20 63,953
849,456
956.975
into sight in previous years.
1899-Deo. 22
Bales.
311, -21
1—
1899-Dec22
1898— Deo. 23
1897— Deo. 24
1896— Deo. 25
493,902
446,485
332,781
1898— Deo. 23
189 7— Deo. 24
1896— Deo. 26
Week—
71,310
Since Sept.
—
JNashville, lennessee.
There has been rain during the week
to the extent of two inches and seventeen hundredths. Average thermometer 35, highest 67, lowest 2*4 below zero.
Mobile, Alabama. Freezing weather on six days.
have had rain on two days of the week, to the extent of fiftythree hundredths of an inch. Tue thermometer has averaged
—
the highest being 74 and the lowest 16.
Montgomery, Alabavia. Continued freezing weather since
Mondty, We have had rain on two da\s of the week, the
precipitation reaching one inch and fifty-nine hundredths.
The thermometer has averagtd 35, ranging from 13 to 71.
40,
Bales.
5,520,40S
7,217,144
6,860,">22
6,056,981
We
—
THE CHRONICLE.
1322
—
Sehna, Alabama. There has been rain on two days of the
week, the precipitation reaching one inch and sixteen hnndretha. The thermometer has ranged from 11 to 73, averaging 37.
Saxmnnah, Georgia.— We have had rain on two days dnring
the week, the precipitation being thirty six hundredths of an
inch. The thermometer has averaged 44, the highest being
71 and the lowest 23.
Augusta, Oeorgia.— Ttere has been rain on four days of
the week, the rainfall reaching Beventy five hundredths of an
inch. The thermometer has averaged 39, ranging from 18
to 73.
have had rain on five
Charleston, South Carolina.—
days during the week, to the extent of forty-four hundredths
of an inch. The thermometer has ranged from 21 to 72 , av-
We
eraging
43.
Stateburg, South Carolina.- Heavy rain last Saturday was
followed by a cold wave and snow„fell Thursday. There has
been rain on two davs of the week, the precipitation being
one inoh and fifty one hundredths. Average thermometer
41*3, highest 74 and lowest 16.
Greenwood, South Carolina.— Rain has fallen during the
week, the precipitation reaching two inches and eeventy-five
hundredths. The thermometer has averaged 36, the highest
being 48 and the lowest 25.
Charlotte, North Carolina.—The weather has been cold
during the week, interfering somewhat with receipts. There
has been rain to the extent of one inch and forty- nine hundredths. The thermometer has averaged 40, ranging from
20 to 66.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Dec. 19, 1901, and Dec. 20, 1900.
'01.
Dec. 19,
Above aero
Memphis
.......Above zero
Above zero
Nashville...
Above zero
Bhreveport.... ....
Above zero
Vloksburg.
of
of
of
of
of
Feet.
85
3-9
7-7
gauge.
gauge.
11 7
5-5
3 6
23 2
289
gauge
54
gauge.
gauge.
3*3
—
India Cotton Movement fbom all Poets. The reoeipt*
of ootton at Bombay and the shipments from all India porte
for the woek ending Dec. 19, and for the season from Sept. 1
to Dec. 19 for three years have been as follows:
1901.
Recciptt at—
Week.
Bombay
Since
Week.
Sept. 1.
65,000
1899.
1900.
Since
298,000 57,000
For the Week.
Great
Britain.
Continent.
Since September
Total.
Bombay—
1901
1900
Calcutta—
1901
1900
1899
Madras—
1901
1900
1899
.•
6,000
8,000
1,000
6,000
8,000
1,000
Great
Britain.
Continent.
>••
32,000
94,000
5,000
12,000
1.
Ibt.
Tvoitt.
<1.
1
d.
8.
d.
f>7»«
" 22 6ll le «»7»*
" 296% ®7»fl
5
5
5
5
Deo. e^iBieO^
«•
13i7
97%
" 20]7
*7%
5
04fJ7
9
97
2 97
10>a
11
11
1%o7
2
•••
3,000
12,000
1,000
1901
1900
1899
7,000
26,000
25,000
10.0C0
26,000
32,000
10,000
25.000
64,000
133,000
19,000
64,000
158,000
20,000
>.....
......
1,000
1,000
6,000
8,000
2,000
6,000
8,000
2,000
Total all—
......
1,000
Alexandria Receipts and Shipments op Cotton.
Alexandria, Egypt,
December 18.
Receipts (oantars*) . .
This week
Since Sept. 1
1901.
350,000
3,549,000
1900.
210,000
2.900,000
1899.
336,000
3,922,000
TMt
Since
TMt
Since
TMt
Since
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
d.
8.
5
5%98
5
6
«8
f»8
07
98
838
09%
»9i«
4>n ,8i«
419 32 8»4 -»938
41832 838 »9*8
8.
08
5
4n 3a
d.
5
4&i 8 8B ie a93a
4 l3 82^ 7 l«^9 a«
5
6
5
5
5
5
Upldt
final.
d.
J-
4.
9
18
5«8
5«»
5»18
11
5%
5%
comparison may be made. The spinners takings
bales and pounds have been as follows:
Great Britain
Oct. 1 to Dec. 1.
Continent.
in actual
Total.
For 1901.
Takings by spinners... bales
Average weight of bales. lbs
530,000
503
266,590,000
662,000
509
336,958,000
1,192,000
508-3
603,548.000
556,000
496
275,939.000
588,000
1,144,000
489-3
559.722.000
For 1900.
Takings by spinners... bales
Average weight of bales. lbs
483
283,783,000
According to the above, the average weight of the deliveries
in Great Britain is 503 pounds per bale this season, against
496 pounds during the same time last season. The Continental
deliveries average 509 pounds, against 483 pounds last year,
and for the whole of Europe the deliveries average 506'3
pounds per bale, against 489*4 pounds last season.
Our
dispatch also gives the full movement for this year and laet
year in bales of 500 pounds.
Cct. 1 to Dec.
Bales of 500 Ibt.
1901.
1.
each.,
Great
Oonti
Britab
nent.
36,
317
Spinners' stock Oct. 1
533,
1900.
Total
Great
Contx
Britai.
nent.
353,
47.
674,
1,207.
552
324
568
371,
1,120,
892,
704,
1,491,
Supply...
569.
991
Consumpt'n, 8 weeks
504
704,
1,560
1,208
599
464
287,
352,
135
88,
88.
149,
154,
C5
1
60,
66.
Total.
50,
68.
~188T
88,
88.
1,168,
323,
138,
156
The foregoing shows
that the weekly consumption is now
154,000 bales of 500 pounds each, against 156,000 bales of
like weights at the corresponding time last year.
The total
spinners' stocks in Great Britain and ou the Continent have
increased 33,000 bales during the month, and are now
29,0C0 bales more than at the same date last season.
—
Shipping hews. As shown on a previous page, the
•sports of ootton from the United States the past week have
reached 166,958 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
New York—To Liverpool, per steamer GeorKio,
Total bales.
11,364
11,364
To Glasgow, per steamer Anohoria, 175 Sea Island
175
To Manchester, per steamer Penrith Castle, 3,391 upland
and 125 Sea Island
3,516
To Havre, per steamers Glengyle, 250... .La Bretagne,
1,472 upland and 487 Sea Island
2.209
To Dunkirk, per steamer Glengyle. 150
150
To Bremen, per steamer Kaiser Wilhelm der Grosse, 602..
602
To Hamburg, per steamer Pennsylvania, 100
100
To Antwerp, per steamers British Prlnoe, 1,543
South
wark, 200
1,743
To Genoa, per steamers Lahn, 938
Nord America, 100.. 1,038
Naples,
To
per steamer Lahn, 4f 0.
450
New Orleans—To
rports (bales)—
To Liverpool....
To Continent t..
d
to
European Cotton Consumption to Dec. 1.— By cable
we have Mr. Ellison's cotton figures brought down to
December 1. We give also revised totals for last year that
Weekly Consumption.
000# omitted.
In October.........
In November
3,000
7,000
1,000
mmmmmm
5,000
d.
OoWn
common Hid.
lb: SMrt
to-day
32,000
106,000
5,000
3.000
8,000
4,000
1,000
1,000
d.
s.
8H
Oop. ingt,
Tvoitt.
XJpldM
91 10>«
91 9
5
Nv.156<"b
Spinners' stock Deo.
3,000
7,000
3,000
••....
SMrt OoU'n
common Mid. Sit
to fl.ne.tt
Total.
All others—
1901
1900
1899
8H
32* Oop, ingt,
-
......
1900.
1901.
290,000
Mxporit
from—
oomparison.
000s omitted.
Sept. 1.
220,000 41,000
cable
from Manchester atates that the market is quiet
for both yarns and shirtings.
Manufacturers are generally
well under contract.
We give the prices for today below
and. 1-ave chose tor previous weeks of this and list year for
Sine*
Week.
Sept. 1.
Manchester Mabket.— Our report received by
to-night
Dee. 20, '00.
Feet.
Hew Orleans....
[Vol. LXXIII.
18,000 128.000
18,000 181,000
143.000 18.000 198,000
9,000 103,000 9,000 lt>7,000
Liverpool-Dec 17—Steamer Wanderer,
7,243
Deo. 18 -Steamer American, 20,000
... 27,243
To Manchester— Deo. 18— Steamer Manchester Exchange,
8,050
8,050
To Belfast— Deo. 17— Steamer Torr Head, 8,*79
8,479
To Havre— Deo. 17— Steamer Inohmarlo. 8,500
8,500
To Copenhagen- Deo. 13— Steamer Llangibby, 1,409
1,409
To Genoa— Deo. 18— Steamer Isola dl Procida,'6,023
6,023
To Venloe— Deo. 18-Steamer Lacroma, 1,882
1,882
To Trieste-Dec 18-8teamer La Croma, 2,900
2,900
The market for jute bagging Galveston—
Jute Butts, Bagging,
To Liverpool— Dec 3— Steamer Irada, 21,232
has been devoid of animation during the week under review,
....Dec 17-Steamer Ikbal, 11.201
32,483
To Manchester-Dec 19— Steamer Elswlck Hall, 13.342.... 13,342
but quotations are unchanged at 5?8C. for \% lbs. and 5%c.
To Antwerp-Dec 19 -Steamer Hornby Castle. 3,742
3,742
for 2 lbs., standard grades. Car lots of standard brands are Mobile— To Liverpool— Deo. 14— Steamer Selma,
6,080
6.060
quoted at 5,5 £<g6c, f. o. b., according to quality. Jute butts Wilmington—To Bremen— Deo. 16— Steamer Jessmore, 7,570. 7,570
continue inactive at \%@\%c. for paper quality and 2%@ Newport News—To Liverpool-Dec 18—Steamer Rappahannock. 1,179
1,179
2J^c. for bagging quality.
boston—To Liverpool— Deo. 10—Steamer Wiuifredlan, 1,888
Deo.
13-8teamer
Turcoman,
1,681
Mew York Cotton Exchange.— Members of the New York Baltimore— To Bremen— Deo. 18— Steamer Weimar, 500. ..... 3.569
500
Cotton Exchange voted on Monday to close the Exchange on Philadelphia—To Liverpool—Deo. 13— Str. Noordland, 500..
500
To Rotterdam— Deo. 2—Steamer Euxinia, 1,203
Thursday, Dec. 26, but the proposition to make Jan. 2 a holi1,203
400
day was defeated. The vote on closing Dec. 26 was 83 for Bah Francisco—To Japan— Dec 19— Steamer Peru. 400
and 22 against; on closing on Jan. 2 the vote was 52 for and Seattle— To Japan—Deo. 19— Steamer Shiuano Maru, 10,577. 10,577
Total Europe
36,000 309,000 9,000 246,000 27,000 365,000
* A oantar is 98 pounds.
t Of which to America In 1901,37,087 bales; In 1900 18,897 bales;
In 1899. 39,671 bales.
&c—
53 against.
1
Total.
.166,958
December
THE CHRONICLE.
21, 1901.]
New York
Ootton freights at
as follow*
the past week have bee*
Wednet. THur$.
if cm.
Tuet
12913
12913
12913
12^
124
20
20
c.
13
IS
18
18
18
20
18
20
18
20
18
e.
174
Hamburg
e.
18
174
174
171*
174
174
174
174
174
174
Ghent
Antwerp
e.
c.
Manchester
e.
Havre
Bremen
174
Fri.
18-21 4 18-214 18-214
18-214 18-214 18-21
13*15 13915 13915 13915 130 1ft 13915
26
26
26
26
26 027
26
32
82
32
32
33
32
e.
Reval, via Hull. .e.
Eeval, via Canal. e.
St. Petersburg...*.
28
28
28
28
Genoa
e. 20-224 20-224 20-22 >* 20-224 20-224 20-224
28
28
28
28
28
28
Trieste
c.
(Quotations are cents per 100 lbs.
Liverpool.— By oable from Liverpool we have the following statement of the week's sales, stocks, &o., at that port.
Barcelona
28
80
c.
week
Dee. 13
Dee. 6
Nov. 29.
bales.
46,000
56,000
Of whloh exporters took...
Of whloh speculators took.
Sales American
Actual export
1,000
400
1.000
2,100
40,000
9,000
92,000
495,000
419,000
238,000
214,000
854,000
317,000
48,000
7,000
82,000
648,000
473,000
142.000
125,000
370,000
332,000
Sales of the
.
Forwarded
Total stock— Estimated
Of whloh American— Est'd.
week
Total Import of the
Of whloh Amerloan....
Amount a3oat
Of whloh Amerloan
Dec. 20.
51.000
1,000
1,000
42,000
10,000
71,000
594.000
509,000
127,000
99,000
403,000
373,000
59.000
2.100
3,000
50,000
8,000
83,000
620,000
555.000
116,000
116,000
404,000
353,000
of the Liverpool market for spots and future*
each day of the week ending Dec. 20 and the daily dosing
prioes of spot ootton, have been as follows.
The tone
Market
Monday. Tuesday. Wed'day Tkursd'y Friday.
Sat'day.
Spot.
Quiet but n»rdnii'» In buyers
"»raen «• favor.
steady.
M
18:80 P.M
Mid. Upl'ds.
Sales.
Steady.
In buyers'
4io 33
Steady.
favor.
419 32
43s
438
4Bg
6,000
10.000
l.oao
10.000
1,000
10.000
10,000
8,000
500
500
500
Spec Aexp
590
Futures.
Quiet
Market
Market,
4 P. M
Steady at -Steady
Steady at Steady
Steady
at
l-tH<&3-tv
and
decline. anchang'd
2-04 ad-
1-61 decline.
opened.
vance.
at
1-04 decline.
partially
1-64 deo.
Quiet at Steady at Steady at Q't&st'dVSteady at Steady at
8<a3K pta.4@14 pti.8*<aS*pt. X@l Pt.
H@l pt. 4@ Pt.
decline,
advance. decline
advance.
decline
advance.
i
I
<
i
I
I
The prioes
of futures at Liverpool for each day are gives
below. Prioes are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
Sat.
TOOU.
Tnei.
Wed.
Dee. 14.
Dec. 16.
Dec. 17.
Dee. 18.
124
1
M
P. M. P.
a
d.
4 32 4
4 33 4
Dec. -Jan
Jan.-Feb..., 4 32 4
Feb.-Moh... 4 31 4
Men Apr . 4 31 4
April-May.. 4 31 4
May- J one.. 4 31 4
June-July.. 4 31 4
July- Aug.. 4 30 4
Aug. -Sept.. 4 26 4
Sept. -Oct..
Oct-.Nov...
Deoember
-
124
4
124
4
124
4
I'll
urn
Dee. 19
124
4
P.M. P.M. P.M. P.M P.M. P.M. P.M. P.M,
d.
32 4 35
31 4 34
30 4 33
2H 4 32
29 4 32
29 4 32
29 4 32
28 4 31
28 4 31
24 4 26
d
4 36
4 35
4 34
4 34
4 33
4 33
4 33
4 32
4 32
4 27
d.
crop has been quite generally protected by enow, no serious
resulted from the severe cold. Latest estimates
place the turplus of the. Argentine crop available for eiport
at 4O.C0O.0CO bnehels. To-day there was a firmer market on
small receipts and steadier foreign advices. The ipot market
damage haH
Balur.
Liverpool
1323
d.
4 35 4 33 4
4 34 4 32 4
4 33 4 32 4
4 38 4 31 4
4 32 4 31 4
4 32 4 31 4
4 32 4 30 4
4 32 4 30 4
431 4 30 4
4 27 4 25 4
d.
36
35
84
33
33
33
33
32
32
27
d
d.
4 35 4 33 4 34
4 34 4 32 4 33
4 33 4 31 4 32
4 32 4 31 4 32
4 32 4 30 4 31
4 31 4 30 4 31
43: 4 30 4 31
4 31 4 29 4 30
4 30 4 29 4 30
4 25 4 24 4 25
d.
Frl.
Dec. 20.
124
P.
M.
4
P.
M.
d.
d.
4 34
4 33
4 32
4 32
4 31
4 31
4 31
4 31
4 84
4 33
4 33
4 32
4 32
4 32
4 32
4 31
4 30 4 81
4 25 4 26
BREADSTUFFS.
Friday,
Dec. 20, 1901.
Only a limited amount of business has been transacted
during the week in the market for wheat flour. Locally the
trade as a rule has sufficient supplies on hand and under contract to carry them into the new year, and as the market for
the grain has shown a reactionary tendency, buyers of flour
have been disposed to hold off; prices have weakened slightly
with wheat. City mills have been quiet. Rye flour has had
only a small sale, but prices have been quoted nominally unchanged and steady. Buckwheat flour has been firm but
quiet. Corn meal has had only a limited sale, but prices have
been well maintained.
Speculation in wheat for future delivery has been on a less
extensive scale and there has been a moderate decline in
prices. The weakness or the market was mott pronounced
early in the week, and was the result of bearish statistical
developments. The world's exports for the preceding week
showed a large
total, the clearances of Russian wheat being
heavy; reflecting the large world's exports, there was a material increase in the supply of wheat afloat for Europe furthermore, there was a big gain in the American visible supply. European advices came slightly easier, and there was
moderate celling in the speculative market to liquidate long
;
contracts. At the decline in prices business in the spot markets was more active, exporters being free buyers. During
the past few days the market has held steady, a smaller
movement of the spring- wheat crop having a favorable influence. Decidedly more wintry weather conditions have been
experienced thrcughout the interior, but as the winter-wheat
was active and firmer, sales here and at out ports amounting
to about 450,000 bushels.
DAILY CLOSING PR10KB OF HO. 2 BED W INT tit WIIKAT IN >Ktt VltUK,
Hat.
Mon.
Tue$.
Wed.
TAnri.
Fru
80*3
854
86
864
ttash wheat I o. b
864
16%
7
83 »
834
fe24
82 4
Deo. deU very In elev
823m
834
84 7h
May delivery In elev
854
844
844
84*4
8£4
844
854
844
834
854
July delivery In elev
B44
DAILT CLOSING PKICB8 OP NO. 8 SPRING WUKAT IN
XtiO.
Tun*.
Wed.
Sat.
Mon.
T\urt.
Fri.
CUH
76»«
754
75 4
754
"'S's
764
794
704
794
79%
794
804
7
7a a
79%
7t>%
794
794
804
Indian corn futures have received only a limited amount
of speculative attention and there has been a slight weakening in prices. There was a temporary rally in prices based
Deo. delivery In elev
Maydellvery In elev
July delivery in elev
on reports of a renewal of the activity of the demand in the
interior for feeding stuffs and in anticipation of smaller primary receipts due to the severe weather. Daring the week,
however, the receipt of indifferent cable advices from Euro-
pean markets and indications that they were obtaining supplies from Southeastern Earope had a weakening influence;
there also developed moderate pressure to sell from speculative holders and with only an indifferent demand prices gradually weakened. Business in the spot market has been quiet;
in fact exporters have been reported as doing practically
nothing. To-day there was a steadier market on small offerings and a light crop movement. The spot market was quiet.
DAILY 0LO8ING PRICE* OF NO. 2 MIXED CORN IN NEW l'OKK,
Sat.
Mon.
Tuet.
Wed.
704
Deo. delivery in elev
elev
724
714
714
70
714
704
714
704
704
May delivery In
67 4
t64
Oash corn
f.
o.
b
May delivery in
Thurs.
71
Fri.
69 79
714
704
704
664
664
71
704
704
DAILY CLOSING PBIOBS OF NO 2 MIXBD CORN IK CHICAGO.
Wed.
Thurt.
Fri.
Sat.
Mon.
Tuet.
63*8
634
Deo. delivery In elev..... 64
64
634
634
elev
674
664
July delivery In elev
664
66
67 4
664
664
664
Oats for future delivery have been fairly active but at declining prices. There has been fairly free selling by speculative holders to liquidate their accounts and realize profits,
and under these offerings prices have gradually given way.
The movement of the crop has been only moderate, while on
the other hand shipments into the bands of the consuming
trade have been fairly free. Locally the spot market has
been quiet and easier. To-day there was a quiet but steady
market. The local spot market was easier.
DAILY CLOSING PRIOBS OF OATS IN
YORK.
NEW
Sat.
Mon.
Tuet.
Wed.
Thurt.
Fri.
No. 2 mixed In elev
o. 2 white In elev
514
51
514
544
51
54
51
504
584
Deo. delivery In elev
May delivery in elev....
July delivery In elev
444
454
394
444
454
384
444
444
384
444
444
384
54
54
54
DAILY CLOSING PBIOBS OF NO. 2 MIXBD OATS IN CHICAGO.
Fri,
Wed. IAur«.
Sat.
Mon. Tuet.
444
444
384
444
444
384
Following are the closing quotations:
FLOUR,
Nominal.
Patent, winter.... 93 75 94 15
2 65 92 75
City mills, patent. 4 25 94 75
Kxtra, Mo 3 . .... 2 85 92 95
Rye flour.superttne 3 25 93 35
Extra, Ko. A>. vi... 8 05 93 35
Buckwheat flour.. 2 20 9 2 25
uiears. ... .ov. .moo. 3 25 ©3 55
Corn mealStraight*.. ..-. m ... 3 00 94 20
Western, etc
8 65 93 70
Patent, spring. „„„ 3 90 194 65
Brandywlne
8 75
(Wheat noui'tii tacks Bella at prioes below those for barrels.)
GRAIN.
Wheat, per bosn —
o.
Corn, per bush.—
o.
o.
e.
Hard Duluth, W j 1 91 992 4
e9 9714
Western mixed
N'thern Dul., No.l 834»854
No. 2 mixed
694»714
Red winter, No. 2 85 9864
72 ©734
Western yellow
Hard N. Y. No. 2. fc24»844
Western white
72 9734
Oato— Mlx'd.p.bush. 50 952
Bye, per bushWhite
67 970
52 967
western
No. 2 mixed.
504*514
State and Jersey
67 963
No. 2 white
64 971
Barley— Western
5849544
Feeding
59 ©64
The movement of breadstuff s to market as indicated in tha
statements below is prepared by us from figures collected
by the New York Produce Exchange. The reoelpts at
Western lake and river ports for the week ending Dec. 14,
And since Aug, 1, for each of the last three years have been:
Fine.. „„....
Superfine-, .... ....
Uttiftt at—
Jbiaago
Milwaukee
tSlnneapoli*
i«trolt
6 200
Cleveland
«. lionlg
lamai
flour.
Whttt
Corn.
Oat*.
itaflit
t«
Bbit.ioeiii Buih.eoibi Buth.b6lb< Buth.SBlbi Buih.iSlli B*.6blbt.
827.63M
l.oie.eos
283.828
1.611.630
1.108.860
80,078
67,950
170,800
319800
28.076
328,400
51,100
8.171, Hi
....
26.307
S6.888
19.690
16,896
894.760
210.810
1.936 820
137.910
2P.0S0
141.694
89.464
46,998
760
2,500
..
13,300
...
64.836
28.100
City
311.7(9
126,651
872.'. 81
13.1U)
270,100
187,648
61.068
178.068
99,400
162,086
3-6.400
5-. 600
18.C0O
956,100
61,400
9,800
877,600
224.900
236.800
809.698
116.178
102.8C1
-:
rot.wk.1901
489.282
8,967,51*6
1,719.182
313.291
6,366.468
4,889.670
4,808,819
tame wk.'OO.
4.798,981
2.839,002
997,117
tarns wk.'B'i
800,577
3,400,131
2.936.2 8
2.670,968
977,664
9.297.729 146,163,636 66,938,916 67,483.367
8,009.929 183.819.782 T8.366.809 71,323.020
8.889.890 117.481.378 92 357.821 76,133.781
87,136,738
3.C
26.27*1.79*
8,613,008
8,836.645
Hn«j iui.
1900
1899
i'ixt)
the
1.
receipts ot Hour
week ended Dec.
82.256.747
12,644
and grain at tne seaboard ports lor
11, 1901,
follow:
THE CHRONICLE
1324
Whiat.
/lour.
at—
iitnifti
Haw York
1H7.H07
BH.H80
9,828
Boiton
Montreal..,
phtlsdalpbla^...
4b8. '40
1H2.RH5
87,i >MJ
42-<,80
Baltimore
91.778
Richmond
IBS
27.216
178.613
15.460
171,000
40.000
7B.000
92.460
207.149
8,
Haw Orleum'...
awport News..
145,8^2
Norfolk
0»lT«iton
Portland. Ma....
Bt.John. N.B-.
1,218
7,<lfl3
Total weak.
Oorn,
bush.
buih.
817.4B0
bllt.
1
1H0 00
uatf.
buth.
80 '.000
10.8U8
0.H00
93.465
296.844
27.7H8
28,150
127.648
B 1,h:,5
65,901
40,185
69.102
18.675
019.763
B6VSS1
».»
d*rt(«
buih.
b«Mfc.
6H.010
8.108
6.186
27.200
16.812
6.8W
114.633
15.246
700
7.931
764
(!!).l.00
8.524.68«
1.701.828
665.340
424,243
8U.907
187,616
b84489
4,266.262
Week moo
Total receipts at porta from Jan. 1 to Dec, 14 compare as
follows for four years:
lonr
1901.
bble. 21,7w8.4»7
1900.
21,020.784
1899.
21,008.480
1898.
21,003,639
Wheat
bosh. 164, 197,870
96,670,802
178,763.483
75,877,912
10.147.714
8.729,9aB
112.51-.821
1U4,BK2,736
90.467.3X4
18,657.631
6,614.612
185,<'9».745
Ivi6.3u0.3<6
MeceipUof—
Corn
104,411,648
69.749.158
6,165,940
8,648,084
"
Oats
Barley
Bye.
'
"
"
"
Total Brain
887.162.893
been good, and in these also some prices are about 5 per
cent higher than at the opening. The market for woolen
and worsted trouserings and suitings shows a generally firm
condition, with a fair amount of business coming forward,
with a partiality toward medium -grade worsteds.
Some
lines of thes^ in spring weights hare been openly advanced
2^c. per yard. There has been no movement of any moment
in new heavy-weight suitings.
Woilen and worsted dress
goods in spring lines are quiet but firm for staple lines.
Domestic Cotton (jtoodb. The exports of cotton goods
from this port for the week ending Dec. 16 were 6,288
packages, valued at $292,871, their destination being to the
points specified in the tables below:
—
1901.
Nbw York to
441.H49 269
Week. Since Jan.
108
20
2,407
1,558
68
6
60,864
10,2*4
62
507
77
140.955
12,891
28,233
4.807
80.032
3,042
11,745
45,802
8,917
247,675
1,524
290,889
9
4,749
1,558
[ndla
200
Mexico.. ....... ........ ......
Central Amerloa
652
29
37
290
821
the several seaboard ports for the weekending Dec. 14, 1901, are shown in the annexed statement
Wheat
.sports /ram- hush.
199 886
276.079
Boston
Portland, Ma. 207,149
Philadelphia.. 120,(00
Orleans..
180 000
Norfolk
NewD'rt News
76000
buth.
888,830
40.000
16.000
65.000
146,323
112,188
1,807,113
tlme'00. 8,062,112 4,702.430
29?,621
883.983
Galveston.
John.N.B.
St.
Obit
66.792
17.544
7.863
6,911
46,023
2,286
26,714
83,913
34,495
48.000
Baltimore
buth.
17,974
Oorn,
Haw York
Naw
uatt
1,
1901, is as
July
1
Flour.
Week
Gnueu Hiuxdom
1,
Total
Total 1900
391,415
24,627
9»4,7tj9
-.
Week
bush.
?31.n51
426,262
bbls.
4,77., 718
." 292.681
7,646 710
7,609.857
Other countries
24,627
Dec 14
19ol.
19 V"S1
49.0H3
14.190
31,818
I.etO
2,121
Watt Indies
Br.N.Am. Colo'a
.
Total
2.536
-Wheat.
1
Since July
bbls.
Continent
B. A 0. Amerloa.
Other Countries ..„
82,681
81,284
67.603
6,530
62.778
week and
of these exports for the
Dec. 14
to—
8,580
sinet
below
,
.Exports for
week and since
8.680
914
The destination
July
but
buth.
bus/i.
1,216
Total week
Same
jSurii,
•
883.938
1.606..
87
477.848
639*08
H2.3B0
168 6.3
>
Week
Since July
1,
lwOl.
bush.
80,0^4.498
46.8l8.389
48,056
50
183,239
1,207,113
8,062,112
-Oorn.Since July
Dec. 14
bush.
44.714
83 941
8,156
29.443
1, lwi'i.
bush.
9,462 653
8.660.17*
70, 34
53 1 033
lo6 970
f
1
"i',871
163,005
112,186
83,105,830
69,682.920 1,702.130
19,434.973
64,511,705
supply of grain, comprising the siocfcs 11
granary at the principal points of accumulation at lake and
seaboard ports, Dec. 14, 1901, was as follows:
The
visible
977 000
afloat.
Toledo
91,650
6,646
41,767
9.91S
22,863
afloat
Milwaukee
414,
afloat
Minneapolis
Bt Louis
.
31.
ui
86,000
130,000
13,000
177,000
78O.O00
413,000
840.000
921,009
935 ouo
"22,000
181,000
32.0*
0.87l.oo<-
5,222,'JJ'
1,012.000
1,117,'ooii
101.00
a
163,000
400, ou*
'82.000
126,000
'67,000
198,00'
"to
'
'21.060
1.000
'93.b'oVl
871,000
68, JO
•'
67.
l,8o6.nm
867.001
4,000
1,350,000
-»
z.
7,886,
87 ',000
465,600
14.8il.uuv
272.000
600,000
48C.O0C
'97.60b
93,000
108.000
.
822.000
182.U00
68,000
24.000
l.uUO
188,000
17,000
207.000
37.000
11,187.000
lo.930.uO0
8 138 000
11,5>6 000
18.163 000
.
17
'898.. 80.699 0(K)
Galveston, last week's stock
cr
— —
si
b
4,00'
»
i'so.'ooo
;
6,748.000
0,116,000
9,93 1.000
6.882.000
0,009 OOO
this week's not received
2.638,000
3,522,000
1,290.000
1482 000
1,186 OOO
j
9
o
119.00
:
•
•
.
rg
li
!
a
•
2 So
o—
sE,
'
ii
2
w
o
B
I-I
©
Total Dec. 14. 1901.. 69 866,000
56 24O.UO0
7, 1901.
<T Ota' Dec
Tota> Dec 16 1900.. 81,032 000
Tots Dec. 16, 1899.. 57,o9«O00
T^'lDeC.
S
re*
:
188,060
240,000
20,000
1,660,000
721.000
.
%
S3 So 3 9U
284,0:
afloat
On Mississippi BtTer
On Lakes
On oanal and rlrer
6,288
I;
420,000
83.000
3
1,961
6,001
A
898.000
886.000
660,000
6.000
„ 8.836.UO0
Kansas City
Peoria
Indianapolis
*
'»
1U.0O0
afloat
Pt»WiH'm4Pt.Arthur
..
Duluth
Do
B«r<<sv
bui>.
186,000
afloat
Oaloago
Do
&V*
bush.
85.000
2
672
L.
The value of the New York exports for the year to date
has been $10,741,963 in 1901, against $13,089,605 in 1900.
Cotton ducks have advanced fully 2% per cent, both the
duck combine and private sellers holding thereat, with an
average amount of business. Brown osnaburgs are firm at
previous prices. There has been no quotable change in the
market for brown sheetings and drills in heavy-weights, but
fine yarn goods are 1 16c. to %c. higher.
Buying of the
former has been quiet but a good business has been done in
the latter. The expected advances in bleached cottons have
not been forthcoming this week, but they are regarded as
imminent, sellers being conservative in accepting orders at
present prices. Wide sheetings are quiet but strong. The
coarse, colored goods division is in an •ousually clean .condition, with an upward tendency in onees.
There h*s been a
quiet business only in prints this week, but the tone of the
market is firm for both staples and fancies. In ginghams
numerous lines of staples are being held at value, and buyers
find it difficult to secure ready supplies. Dress style ginglimited business has been
hams also are well situated.
done in regular print cloths at 3c, but narrow odds have
been in considerable request and are l-16e. higher in some
makes. Wide odds are firm at last week's prices.
Foreign Dry Goods.— Business in imported dress gooda
has been quieter than of late, but the market is steady. Silks
and ribbons continue firm, with a fair demand. Linens are
unchanged. Burlaps have been firmer, with moderate sales.
Importations and Warehouse Withdrawal* ot Dry (Joodi.
6S9.000
665,000
66.000
49.000
6.8aw.ooo
6.242,000
121.OJ0
afloat
Detroit
Do
626,000
83,000
1.C39 ooo
Buffalo
Do
uali,
bush.
929 onr
12,000
Philadelphia
Baltimore
New Orleani
OalTeston*
Montreal
Toronto-
Do
bush.
1,029,000
1,629, '00
Boiton
Do
Do
Oorn,
tVAsat,
bush.
1,025,000
In Mortal—
Naw York
Do afloat
Week. Since Jan.
1.
4,106
1
The exports from
flour.
1900.
Dec. 16.
89.W41.83S
6.816,479
14,706.882
416.93^,981
863,633,895
[Vol. LXXIII.
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THE DRY GOODS TRADE.
York.. Friday, P. M. Dec. 20. 1901.
The condition of the market for cotton goods has undergone little change during the past week. The demand on
l^£>
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home account has continued moderate. Exporteis have © OOi-i
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OS05
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Thus while there has not been demand enough to cause an <i
advance in prices in a general way the situation has been b0
such as to keep prices firm and even to admit of an advance to
coo: ©«<*
being secured in an occasional quarter. It is probable that b
ooo pee op oo
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be no decided break in the cotton mirket, cotton goods will
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as to
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s
December
THE CHRONICLE.
1901.]
31,
and City Department.
St/tn:
Index.
index to all the news matter appearing in this Departfor the period from Jnly 0, 1901, to Oct. 5, 1901, inclusive, was published in the Chronicle of Oct. 12, 1901,
pages 806, 807 and 808.
An
ment
tialveston,
sudden death
Texas.— Conference Not Held— Owing to the
of George Sealy, one of the committee of four
appointed to represent the city of Galveston at the conference with the bondholders' committee, which was to have
been held in New York on December 17, the meeting was
postponed for the present. Mr. Sealy was one of Galveston's
most prominent citizens, and aside from being Prtsident of
the Galveston Wharf Co. was a member of the banking
house of Hatchings, Sealy & Co. and a director of the Quit
Colorado & Santa Fe Railroad. He died on the train while
en route to New York.
Georgia.— Legislature Adjourns.— The State Legislature
adjourned on Dec. 18, 1901.
Rhode Island.— Death of Governor.— On December 16 Wil
Ham Gregory, Governor of the State of Rhode Island, died
suddenly at his home in Wickford, and will be succeeded by
Hon. Charles D. Kimball, elected Lieutenant Governor in
April, 1900.
1325
Ashland Conntj, Wis.— Bond Election.— An election will
be held during the pret-ont month, it is said, to vote on the
question of borrowing $40,000 from the State to pay off the
judgment indebtedness of the county.
Atlantic City, N. J.— Boi.d time.— The $135,000 4% gold
paving and the $15,000 4% gold fire-house bonds offered for
sale on December 9, 1901, bave t.een awarded to M. A. Stein
of New York City at 104 57. The statement publithed in
last week's Chronicle that all bids had been rejected was
not strictly in accordance with tbe facts. It seems that the
bids received on December 9 were not entirely satibfactory
to the city officials and no award was made at that time,
the highest bid (tbat of M. A. Stein) being, however, held
,
for consideration. The Finance Committee, we are advised,
was at first disposed to reject all bids and re- advertise the
bonds for sale or dispose of them at private sale. The committee delayed final action for several days, when in order
to close tbe matter the award was made to M. A. Stein.
For description of bonds see Chronicle Nov. 16, p. 1074.
Auburn, Me. Bond Offering— Proposals will be received
until 12 M December 27, by E. G. Eveleih, City Treasurer,
.
for $15,000 Z)4.i 20-year refunding bonds. Securities are
dated Jan. 1, 1902 and the interest will be payable semiannually. The official circular states that the city has never
defaulted on principal or interest, and that no question has
ever been raised as to the legality of this issue. Bids will
be opened at 2 p. M., Dec. 27.
Auburn (Iowa) School District.—Bond
Offering.—Proany time for $3,5u0 5-year (op-
posals will be received at
Interest (rate, to be named in
tional) school house bonds.
bid*) will be payable semi-annually.
Baca County (P. O. Maxey), Colo. Bonds to be Issued.
are advised by C. H. Davis, Chairman of the Board of
County Commissioners, that the county will shortly issue
$30,000 5% bonds.
—
Bond Calls and Redemptions.
We
Connecticut.— Bonds Puchased.—The State Treasurer,
H Gallup, has purchased $60,000 8)0 bonds of tne
State maturing Jan. 1, 1903, from the Dry Dock Savings
Bellevue, Pa. Bonds Proposed.—The Borough Council is
Institution of New York and $100,000 bonds of the same issue
from the Hartford Steam Boiler Inspection & Insurance Co. considering the question of issuing $40,000 street- improve-
Henry
in both cases was 101. This leaves $335,000
of the 8^ per cents still outstanding and reduces the debt
of the State to $1,971,000, the greater portion of which carries S% interest.;
Emporia, Kan. Bond Call. This city has called for pay-
The price paid
ment bonds.
Belmont Township (P.
Isbell, City Clerk,
will sell at auction at 10 a. m. to-day (Dec. 31), the following
Woodland), 111. Bonds to be
are advised, will issue $2,000
bridge bonds. Interest will probably be at the rate of 4 or 5
per cent, payable at the Citizens' Bank of Watseka. Bonds
will be dated about July 1, 1902, and the principal will mature part in 1903 and part in 1904.
Beloit, Wis.— Bonds Proposed.— An ordinance is before the
Common Council providing for the issuance of $8,800 l-llyear (serial) library-site bonds. Securities are to be in denomination of $800 and the interest rate is limited to 6#, (payable semi annually.
Bevier, Mo. Bonds Defeated. The election held December 3 resulted against the proposition to issue $10,000 5% electric-light bonds.
are advised that the question will be
again submitted to the voters in April of next year.
Boise, Idaho.— Bond Sale.— On December 16 the $90,000 5*
10-20-year (optional) gold refunding bonds were, according
to reports, awarded to Rudolph Kleybolte & Co., Cincinnati,
at 104722. For description of bonds see Chronicle Nov. 23,
bonds
p. 1124.
—
1, 1903, at the State fiscal agency in New York
City $15,000 5% bonds, dated July 19, 1890, and maturing
July 1, 1910, subject to call after ten years from date. The
bonds called are all in denomination of $500.
The official notice of this bond eall will be found among
the advertisements elsewhere in this Department.
ment Jan.
Bond Proposals and Negotiations
:
$1,600 1% Cedar and Portage Street sewer bonds, maturing one bond of $5C01n
one, two and in three rears and one »100 bond In three years.
1.800 f>% Sumner
et sewer bonds, maturing one bond of 1600 in one year.
In two and in three years; one #100 bond In two years and two $100
8m
In three years.
All the above bonds are dated Dec. 31, 1901. Interest will
be payable semi annually at the National Park Bank, New
York City. These bonds are in addition to the four issues of
bonds the offering of which we described in the Chronicle
Nov.
30.
Bonds Authorized. — The„City Council has authorized the
following bonds
:
$3.900;Market Street sewer bonds, maturing two bonds of $B00 In one year,
two bonds of $600 and one of $100 in two years, and three of <6oo in
three yearn.
3,000 Miller Avenue sewer bonds, maturing two $500 bonds ln'onu, In two
and in three years.
The above bonds
will all be dated Jan.
25,
1902,
and the
interest will be payable semi-annually;at a rate not exceed-
ing
— This
township,
0.
we
—
We
this
week have been as follows
Akron, Ohio.— Bond Offering.— Chaa. H.
bonds
Issued.
5*.
—
Bottineau, Bottineau County, N. Dak.— Bond Offering.
Proposals will be received until 5 p. M., Jan. 2, 1902, by D. J.
McArthur, Village Clerk, for $3,01
5% bonds.
Securities
are in denomination of $200, dated Jan. 2, 1902. Interest
will be payable annually at the First National Bank of St.
Paul. Principal will mature Jan. 2, 1917. A certified check
for \% of the amount of the bonds must accompany proposals.
Successful bidder will be required to lurnish blank
bonds free of charge.
Bowmanville, Ont.— Debenture Sale.— On December 10
the three issues of 4% debentures, aggregating $13,800, were
awarded to the Central Canada Loan & Savings Co. at 99*27.
The following bids were received
Central Can. Loan & Say. Co....$18,7C0 O. A Stimson & Co., Toronto-.. $13,687
:
I
Imperial Life Assurance Co
13,628 H. O'Hara 4 Co
Canada Life Assurance Co
13,000
full description of these securities will be
1226 of the Chronicle Dec. 7, 1901.
13,4Cd
I
A
found on page
Albany, Minn.— Bond Election.— An election will beheld
Cambridge, Minn. Bond Offering.— Proposals will be reon the question of issuing $7,000 water- ceived until 8 P. M., Jan. 14, 1902, by P. M. Torell, Village
works bonds.
Recorder, for $6,500 coupon water works bonds. Securities
Allentown, Pa. Bond Bids.— Following are the bids re- are in denomination of $500, and will be dated March 1,
ceived December 17 for the $22,000 Z%% 5-30-year (optional) 1902. Interest (to be named by the bidder) must not exredemption bond6
ceed 5$, and will be payable annually. The principal will
mature March 1, 1922. Proposals must be accompanied by
105-00
Mrs. Anoie R. Roth...
i Bonds Nos. 201 to 22(1
"•( Bonds Nos. 181 to 200
10400
a certified check for 5% of the amount of bid.
(102-60
Allen Chapter No. 203, R. A. M
Central Falls, R. I.— Loan Authorized.—The Treasurer
104-00
Bonds Nos. 2<U to 220
10360
has
authority to borrow $15,000 to meet current expenses.
Mrs. C. A. Soleliac.
< Bonds Nos. 181 to 200
103-26
Cheboygan (Mich.) School District. Loan Negotiated.
f Bunas Nos. 141tol80
1(300
103-00
This district has negotiated with local parties a loan of
Dr. Chas. 8. Martin
} Bonds Nos. 1 to 100
in this village to vote
'
,
i
—
,
!
{
J
Nathan
II
Anna
St-hneck
D. Nagle
Liberty Beneficial Association
Major W. D. Mlckley
Grim Bros
Boi
Bonds
Nos.
The
1
103-^5
103-336
to 220
\
For forty-two bonds
For thirty bonds
j
(Bonds Nos.
Second National Bank
10
For thirty bonds
For ten bonds
For 200 bonds
For
all
1 to 160
K'SUO
10£50
|
Jos'-oo
j
}o*-'oo
102'50
..102-51
bids were referred to the Finance Committee to be
tabulated. Securities are in denomination of $100.
Ann Arbor, Mich.— Bond Sale.— This city issued on
December 2 $1,761 63 4% Sewer District No. 10 bonds. Securities were taken by the Ann Arbor Savings Bank at par
and they may be retired at any time.
$4,000.
—
Chelsea, Mass.— Bond Issued
This city has taken up
$150,000 bonds held by outsiders, and has issued in their
place a $150,000 bond carrying 4% interest and maturing Dec.
This bond has been taken by the Sinking Fund
1, 1911.
Commissioners.
Chicopee, Mass. Loans Authorized. The Board of Aldermen has authorized a loan of $3,000 for improvements to the
—
electric- light plant
and $30,000 in anticipation of the
collec-
tion of taxes.
Cincinnati (Ohio) School District.— Bid Rejecttd-Bond
The Board of Education has rejected the bid of par
less a commission of $1,000 made by Far son, Leach & Co.,
Chicago, for the $50,000 '6% school bonds. Since the bid was
Sole.
—
THE CHRONICLE.
1326
bonds offered have been taken by the
For description of bonds see
rejected, $30,000 of the
Sinking Fund Trustees at par.
Chronicle Nov. 9, p. 1024,
Cleveland, Ohio.— Bond Offering.— Proposals
A
Colainbas, Ga.— Bond Ordinance.— An ordinance has been
introduced in the Board of Aldermen providing for the issuance of the $10,010 4% bridge bonds vote 1 at the election held
Oct. 10, 1901. Under the ordinance the bonds will be issue 1
in denomination of $500, dated Jan. 1, 1902. Interest will be
payable semi-annually at the office of the City Treasurer.
Principal will mature $4,000 yearly on January 1 from 1903
to 1912, inclusive.
Columbus, Ohio. —Bond Election.— Local papers state that
at the April election the question of issuing $500,000 Scioto
River storage dam bonds and $500,000 sewer-disposal bonds
will be submitted to the voters.
Cuyahoga Fall*, Ohio.— Bond Offering.— Proposals will
be received until 12 M., Jan. 8, 1902, by C. A. Weidner, Village Clerk, for $5,000 4% electric light bonds. Securities are in
denomination of $500, dated Deo. 1, 1901. Interest will be
payable semi-annually on March 1 and Sept. 1 at the office
ot the Village Treasurer. Principal will mature $500 yearly
on March 1 from 1903 to 1909, inclusive, and $500 yearly on
Sept. 1 from 1907 to 1909, inclusive.
Dallas, Tex.— Bond Election. An election has been called
for Jan. 14, 1902, to vote on the issuance of $50,000 water-
—
works-improvement bonds.
Danville, Va.— Bonds Voted.—The election held December
19 to vote on the question of issuinst $250,000 4% 30-year bonds
in aid of the Mount Rogers & Eastern RR, Co. resulted in
favor of the proposition by a vote of 1,284 to 17. As stated
in the Chronicle Nov. 30, the issuance of these bonds is conditioned upon the railroad being completed and in running
order on or before Jan. 1, 1906, from the Tennessee or Kentucky line to Norfolk or Portsmouth or connection made
with the Seaboard Air Line bo as to reach these points.
Davidson County (P. 0. Nashville), Tenn.— Bond Sale.—
On December 12 the $250,000 4% 10-20 year (optional) turnpike bonds were awarded to the First National Bank and
the Fourth National Bank of Nashville at 101 '05 —an interest basis of about 8 872g if bonds are called at their optional
date and 3'924# if allowed to run their full time. Following
N. W. Harris & Co.. Chic
9351.367
261,260
Nat. Bank, Nashville
9252,625 H. A. Newpher, Cleveland
Seasongood & Mayer, Cincln... *^62. "37 Lamprecht Bros. Co..Cleve .. 251.012
Denison, Prior & Co.,Cleve.
261,863 Mason, Lewis & Co.. Chicago.. 250.630
Fourth Nat. B'k (for 910,000).. 10,150
* The bid of Seasongood & Mayer, Cincinnati, was rejected, as that house
refused to take the bonds before Jan. 1, 1902.
I
I
I
. . .
East St. Louis, 111.— Bonds Defeated.— This city recently
voted against a proposition to issue bonds for park purposes.
will be re-
ceived until 12 M., Jan. 13, 190'3, by J. P. Madigan, City Auditor, for $fi00, 000 4% coupon water- worbs bonds. Securitiesare
Interest (nemiin denomination of $1,000, dated Oct. 1, 1901.
annnally) and principal will both be payable at the American
Exchange National Bank, N*w York, and the principal will
mature Oct. 1, 1926.
certified check for 5% of amount bid
for, payable to the "Treasurer of the City of Cleveland,"
must accompany each bid. Blank forms obtained from the
City Auditor must be need by all bidders,
are the bids
First Nat. Bank and Fourth
[Vol. LXXIII.
.
|
I
Elizabeth City County (Va.) School District No. 2.—
Bill Pastes House,—The bill providing for the issuance
of $18,000 bonds has passed the House.
Elizibeth City Connty (Va.) School District No. 4.—
Bond Bill Passes Legislature.—The Legislature has passed a
bill authorizing thiB district to issue $17,000 bonds.
Evanston, Ohio— Bond Sale.— On December 11 the $27,999 26 b% 1 10 year (serial) Duck Creek Road bonds were
awarded to the Inter-State Life Insurance Co. of Cincinnati
at 104*889— an interest basis of about 4%. Following are the
Bond
bids
:
„.,.,.
'Premium.
For description
Premium
I
Inter-State Life Ins. Co., Cln.91.aeo 16
New 1st. Nat. B'k, Columbus-.. 966 00
a. Kleybolte Si Co., Cincln....
812 to
|
|
Atlas Nat. Bank, Cincinnati.
.
.
.966U 00
Seasongood & Mayer, Cincl.n... 28860
|
bonds see Chronicle Nov. 16, p. 1075.
Bonds to be Issued.— It is stated that
this town will issue $42,000 5% 80-year bonds for the purchase
of the plant of the Farmington Water Worke.
Fitchburg, Mass.—Loan Authorized.—The City Treasurer
has been authorized to borrow $100,000 in anticipation of
of
Farmliigton, Me.
the collection of taxes.
—
Bond Sale. The Sinking Fund Commissioners have taken
at par $11,000 3%% 1-10-year (serial) street paving bonds,
$8,000 %y±% 1-10-year (serial) fire-station bonds and $1,500
3%$ 1-5 year (serial) hospital bonds. Securities are all dated
Nov. 1, 1901.
Florence, S.
C—
Bond Sale.—On December 17 the $40,000
5% 20 40 year (optional) public- works bonds were awarded to
Ridolph Kleybolte
Co., Cincinnati, at 104-375 an1 blank
bonds. Following are the bids
&
:
& Co.. ClncinnatL*104375 Commercial*
.
„
„
Lamprecht Bros. Co., Cleve
104-05
R. Kleybolte
I
I
Koby Robinson, Atlanta
——
*
And,
* 103-203
|
I
.
,
_,. (93,000.. 10401
„
Sav. B k, ) 8000 1( 2 -oo
{ 6>00.. 10000
*»oreDce
S. Chase. Florence
1,000.. 100*60
blank bonds.
For description of bonds see Chronicle Nov. 30, p. 1175.
Galveston County, Texas.— Bonds Proposed. -We are advised by the County Treasurer that this connty is contemplating the issuance of $200,000 funding and $75,000 refunding bonds. At present the papers in relation to these bonds
are undergoing the scrutiny of the Attorney General.
Garden City (Kan.) School District.— Bond Sale.— As a
matter of record we report now the sale some weeks ago of
$10,000 %% 15 year bonds of this district to the First National
Bank of Garden City
at 103 82.
-Bond
Sale.—The $12,000 1-3-year (serial)
sewer bonds offered for sale on November 25 were awarded
on December 4 to Denison, Prior & Co., Cleveland, at 101 25
for 5 per cents. For description of bonds see Chronicle
Nov. 2, p. 972.
Glenville, Ohio.
Gloucester, Mass.— Bond Bid*.— We give below a list of
the bids received on December 12 for the $780,000 V£% cou-
pon water bonds
Lee, Higginson & Co., Bos ton.. 103- 197
103'08
A dams & Co.. Boston
R. L.
Day
& Sons and N. W.
Harris & Co., Boston
102-526
102-39
Parkinson & Burr, Boston
Blodget, Merrltt & Co.. Boston. 102-287
Blake Bros. & Co.. Boston
102-22
E. H. Rollins
&!Co. and", Estabrook
102-589
&Co., Boston
For description of bonds see Chronicle Dec. 7, p. 1226,
Geo. A. Fernald & Co., Boston..l02-46S
Delaware, Ohio.—Bond Sale.— On December 14 the $75,000
A bid of 104-10 was received from W. J. Hayes & Sons,
5% sewer bonds were awarded to the New First National
Bank of Columbus at 108*50— an interest basis of about 3-78$. Cleveland, for $104,000 bonds maturing in the years 1928,
For full description of bonds see Chronicle Nov. 16. p. 1075 1929, 1930 and 1931. As stated last week, the bonds were
Delta County, Texas.— Bond Sale.—The State Board of awarded to Lee, Higginson & Co.
Temporary Loan. The Finance Committee has borrowed
Education on December 10 purchased $1,996 jail- repair bonds
$25,00u for Jour months from Bond & Goodwin, Boston, at
of this county.
Defiance, Iowa. No Bonds to be Issued. We are advised 3-7#. Following bids were made for the loan
that this town will.not issue 5,000 electric light bonds as re- Bond & Goodwin, Boston
S'7iZ Edgerly & Crocker, Boston
4'02jt
—
—
:
I
Jose, Parker
ported.
Doniphan, Mo.— Bonds Voted.
—This
place has voted to
issue $15,000 water bonds.
East Liverpool, Ohio.— Bond Sale.— The highest bid re10 2C year (optional)
ceived December 17 for the $50,000
bonds, dated Jan. 1, 1902, was that of Seasongood & Mayer,
Cincinnati, at 109 "756. The bids received are as follows
Seasongood & Mayer, Cincin.954.877 89 Lamprecht Bros. Co., Cleve.. 953,340 00
Provident Sav. Bank. Cincln. 64,100 00 W. R. Todd & Co.. Cincinnati. 63.300 00
W. J. Hayes & Sons. Cleve.. 51,050 00 P. S. Briggs &. Co.. Cincln
5V<£50 c'0
53,961 CO C. R. Williams & Co.. Pitts... 62,800 00
R. Kleybolte & Co.. Cincln.
State Savings Bank, Toledo. 63,840 00 R. W. Patterson, E. Liverp'l 62.275 00
Denison, Prior & Co., Cleve. 63.7S6 00 New 1st Nat. bank, Columbus. 61,750 00
H
:
.
.
.
.
.
Feder,
Holzman & Co.,
The award
Cln.
. .
will not
63,376 00
be
made
until
Monday, Dec.
23, 1901.
East Orange, N. J.— Bond Sate.— On December 17 one
bond for $27,000 for the improvement of Rhode Island Avenue and one bond for $14,000 for the improvement of Halstead Street were awarded to the Half-Dime Savings Bank of
Orange
Securities carry 5% interest, payable semiannually, and the principal will mature one- tenth yearly.
Eljria, Ohio.— Bond Sale.- The three issues of street-improvement bonds offered for sale on Dec. 16 were awarded to
Denison, Prior
Co., Cleveland, at the prices given below.
Following are the bids
at 106.
&
:
920,000 5<
Wtst Ave.
Denison, Prior
Lamprecht
& Co.. Cleveland
Bonds.
00
920,7
Bros. Co., Cleveland
& Co., Cincinnati
W. J. Hayes & Sons, Cleveland
P. S. Briggs 4 Co., Cincinnati
8easongood & Mayer, Cincinnati.
R. Kleybolte
New First National Bank, Columbus...
Feder, Holzman & Co., Cincinnati
W. R. Todd & Co., Cincinnati
For full description of bonds
1125.
W
20,706 00
20,650 09
20,625 00
20,65275
20,65760
20,4600i!
20,406 00
9J.R00 8*
91,250 6*
Cedar St. Wurst Court
Bonds.
Bonds.
94,00879
.
,
92,685 75
91,339 60
2,69250
1.H0000
1,34110
2,654 70
2,650 00
2,675 00
1,3^685
1,300 00
l,2s7 50
20,31100
'see
Chronicle Nov.
23, p.
&
Co..
Boston
S-78*
I
GlOTersville, N. Y.—Bond Bids.— Following are the bids
received December 12,for the $16,500 4%% local-improvement
bonds
Fulton Co. Nat. B'k, Gloversv..l03 33
103"325
Home Sav. Bank, Albany
-
I.
W.
I
|
-
Sherrill, Poughkeepsie....l02 6vi
102" 46
Eugene Llttauer, Gloversville
|
|
Lamprecht Bros.
Co.,
Cleve
102'10
101-62
New York
W. R. Todd & Co., New York...loroo
W. J. Hayes & Sons, Cleveland-iorO)
M. A. Stein,
As
stated last week, the bonds were awarded to the FulBank at 108'33.
Greensboro, N.
Pri< e at Which City Will Se'l Bonds.
are advised that the $65,000 5$ 30 year gold street-improvement bonds and the $65,000 5% 30-year gold sewer bonds
offered but not sold on Oct. 25, 1901, have not yet found a
purchaser. The Board of Aldermen has fixed a price of
112 17 for these bonds, and is determined, we are advised,
not to accept a lower figure. For description of bonds see
Chronicle Oct. 12, p. 803.
Grandy County, Mo.— Bonds Voted.— special election
was held on December 10 at which the question of issuing
$60,000 4% 10 20-year (optional) court-house and jail bonds
carried by a vote of over three to one.
Hamilton Connty, Texas.— Bonds Registered.—The State
Comptroller has registered an issue of §3,494 bridge-repair
bonds.
Harrlsburg, Pa.—Bond Election Proposed.—The City
Council has under consideration an ordinance providing for
the submission to the voters on Feb. 18, 1902, the question of
issuing $310,000 water, $365,000 sewer, $65,000 dam, $250,000
park and $100,000 paving bonds.
Haywards, Cal. Bond Election.—An election will beheld
shortly to vote on the question of issuing $15,000 electriclight-plant bonds.
Heron Lake, Minn. Bond Sale.—This village has sold an
issue of $7,000 lighting bonds to the State of Minnesota.
ton County National
—We
C—
A
December
Holley, N.
UHKONK'Lk.
I'HK
21, 1901.]
Y.—Hond Sate.-Oa December
the $15,000
11
-1*
electric light-plant bonds were awarded to tbe Walden Savings Bank of Walden at 105 41. Following *re the bids
:
Walden Sav. Hark. \V»l>U-n... 10541
W. J. Hajes 4 i«oiir. Cleveland. 104*6
I.
l)fni.-oii
104"25
Laurpret hi Bro». L'o.Cleve
W.Mk -ii
State
.
,
niitlikeenslo....li
I'nui A Co..< ii'i'H
los 73
ill.
l
.
Exchange iim
k,
Hollej
lou-otttf
.
For description f bonds see Chronicle Nov. 30, p. 1175.
Hudson County (1*. 0. Jersey City), N. J.— Bonds Author
ized. — The Board ot Freeholders on November 29 authorized
(
the issuance of $37,000 A% bridge-repair bonds.
Hughes County, IS. Huk.—Bond Offering.— Proposals will
be received uuttl Jan. 7, 1902, by this county, for 1^0,(00 4%
20-year refundirg bonds. Securities are issued under the
authority ot Chapter 32, Laws of 1891. They are in denominations of §500 and $1,(00. Interest will be payable serniantually.
Huutsville, Ala.— Further Description of Bond Offering.—
stated in the Chronicle Nov. 30 that proposals would
be received until Jan. 7, 1902, for |40,000 5* gold school
bonds. Bids for these bonds may be put in until 7:30 P. M.
on that day by EL. C. Pollard, City Clerk. Securities are in
denomination" ot $500. Interest will be payable semi-annually at the Mechanics' National BaDk of New York City,
ani the principal will matuie in thirty years. A certified
check for $1,000, payable to the City Clerk, must accompany
proposals. These bonds will be certified to as to genuineness by the United States Mortgage & Trust Co., New York
Blank forms of proposals may be obtained from the
City.
City Clerk.
Idaho Falls. Idaho. Bond Election. An election will be
held January 3 to vote on the question of issuing $13,500 &%
10-20-year (optional) electric-light-improvement bonds.
Indianapolis, ln«l.— Bond bids —Following are the bids
received December 12 for the 195,000 Z%% emergency bonds
awarded, as stated last week, to Geo. A. Fernald
Co.,
We
—
&
Boston
:
Geo. A. Fernald 4 Co., Bo8t.$196,833 00 Meyer & Riser. Indlan'lls. .J196.415 00
J. P. WtidJtco., iDii'npuita.. i9\isl6 0o|K Kleybolte & Co.. Ctnoln.. 195,sm 00
Parkinson 4 llurr. Boston... 19-, 179 75 Union Trust Co.. Ind'apolis. 195,3*7
R. L. Day 4 Co., Boston
196,0"; 85 N. W. Harris 4 Co., Chicago. 195,190 00
W.J. Hayns* Sons.Cleve. . 195.47SiO| Denluon, Prior* Co..Cleve. 196,136 50
Capital Nat. B'k, lnd'apolis. 195,448 00
I
a
I
!
1327
Minneapolis Minn.— Bumls PnojXMff Th«l City Council
has voted to prtii ion tbe State Legislature for authority to
is.- ue $250,000 water-improvement bonds.
Mount Vernon, S. Duk.— Bond Election.— On December 23
an election will be Leld to vote on the question of issuing
building bonds.
Muskogee, I. T.— Bonds Approved The Secretary of the
loterior has approved an ishue of $175,(00 w u\ er and sewtr
.
—
bonds of
this city.
N. J.— Bond t-'ale.- On December 18 the highest
bid received for the $500,000 3%<t 30 year track elevation and
Newark,
the $300,000 'A%% 30-year hospital bonds was that made
Co., N. W. Harris & Co and
jointly by N. W. Halsey
Faison, Leach
Co. of New York City at 106 291— an interFollowing are the bids
est basis of about 8*174<r.
Redmond. Kerr ft If* 0.000O)
N. W. Halsey 4 Co., N. W. HarCo., New Yi>r«....
rls & Co. and Karsuu, Leach 4
5< O.iin otKb'HlS
10b2lil Ulck Broa.4 Co- New York
Co., New York
105.6*
Harvey Fisk 4 Sons. New York. 108199
C. White Jr., New York. .106-13
and
Kdward Sweet 4 Co.. Ni-w It rk. 106*03
Welles, (derrick 4 Hicks
Allen. Band A Co., New York.lOe-tOO Kountze Bros.. New York, aud
herieial Trust Co., Newark
Hluke UroH. 4 Co. and R. L. Day
10460
lOS^e J. &
4 Co., New York
Beltirman 4 Co., N. v. .104-31
&
&
:
LWM
I
i
|
i.
w
I
Wra. Keilner
H.'-OKitlWQQ
For description of bonds see Chronicle Dec. 14, p. 1277.
New fane (Town), Niagara County, N. Y.— Bond Offering.
—This town offers tor sale on Jan. 10, 1902, $81,0 10 refunding bonds. See item under the head of Wilson, N. Y., for
terms of sale.
Newmarket, N. H.— Description of Bonds.— Tbe $83,000
bonds which we stated in the Chronicle December 7 had
been sold at 101 carry V/c# interest. They are dated Nov. 1,
1901, and will mature $4 000 yearly on November 1 from
1902 to 1918, inclusive, and $5,000 yearly on Novenib* r 1 from
1919 to 1921, inclusive. Accrued interest was paid by purchaser.
New Orleans, La.—Bond Offering.—T. Wolfe Jr.. Secretary of the Board of Liquidation, will receive proposals until
12 m. Jan. 14, 1902, for$l8,(00 4% 50-year bonds, bearirg dated
July 1, lb92. Securities are in denomination of $500. Interest will be payable semi annually.
All past-due coupons
will be cut tff from the bonds before the same are delivered
to the purchasers.
Norfolk County, Va.— Loan Bill Passes Legislature. The
State Legislature has passed a bill authorizing this county to
—
Jefferson County, N. Y —Bonds Authorized.—The Board
of Supei visors has authorized the issuance of $50,000 buildborrow money.
ing bonds.
Oakvi He (Texas) Independent School District.— Bonds
Keuiptville, Ont. Debenture Sale. This village has sold
an issue of $1,700 4% park debentures to the Central Canada Voted.— Tbis district has voted to is;ue $2,000 4% schoolLoan & SaviDgs Co. at 98'294. Securities will mature part house bonds.
Omaha, Neb.— Bond Sale.— We are advised by wire that
yearly for ten years.
Lacon (111.) Union School District.— Bond Sale.— On Dec. the nine issues of 4% street-improvement bonds offered for
14 the $6,000 4% bonds, series "A," and $4,000 4% bon^s, series sale on December 19 were awarded locally at 101 50. For
"B," were awarded to the First National Bank of Lycon at description of bonds see Chronicle Dec. 14, p. 1277.
Onawp, Iowa. Bonds Voted.— At the election held DeEar. This was the only bid received. For description of
cember 16 the proposition to issue $6,000 water and electriconds see Chronicle Nov. 30, p. 1175.
Lawrence, Mass.—Loan Negotiated. This city has bor- light-improvement bonds carried by about 150 majority.
rowed $100,000 from Rogers, Newman & Tolman, Boston, at
Oneida (N. Y ) School District.— Bonds Voted and Dethe rate of 3-85*.
fiated— Bond Election. On December 3 the proposition to
Lompcc, Ca).— Bonds Voted— The election held Dec. 4 re issue $32,010 high-school-building bonds carried, whereas
sulttd in favor of issuing $40,000 water hoods.
the question of issuing $6,000 bonds for a site failed. AnLowell, Mass.— Loan Authorized.— The City Council has other election will be held Jan. 7, 1902, at which the latter
authoiized a loaD of $40,000 to meet deficiencies.
proposition will be again submitted to the voters, and it is
Lynn, Mass.- Bonds and Loan Authorized. The issuance exrected a favorable result will be re orded for the bonds,
of $75,000 33^? 30- year water bonds has been authorized, as
Palestine, Texas. Bond Offering.— Proposals will be rehas also a loan of $200,000 in anticipation of the collection ceived until December 31 by A. L. Bowers, Mayor, for $40,of taxes.
000 4% street- improvement bonds. Securities are in denomMucon, Qo.—Bohd Btll Passes Legislature.— The bill pro- ination of $500 dated Sept. 2, 1901. Interest will be payable
viding for the issuance of $9<0,0u0 refunding bonds has semi-annually at the National Park Bank, New York City.
passed both houses cf the State Legislature.
Principal will mature Sept. 2, 1941. A certified check will
Marlin, Texas.— Bids.— Following are the bids received be required with bids, but our notice of sale does not state
December 9 for the three issues of b% bonds, aggregating for what amount.
$54 000:
Pasadena, Cal. Bonds Voted.— At the e'ection held Dec.
9 the propositions to issue $40,< 00 city-hall, $9,500 city-hallN.W.Harris 4 Co., Chicaeo
102-079 Thompson, Tenuey 4 Crawford
R. Kleybolte 4 Co., Cincinnati.. 101-48
101-04
Co.. Chicago
site, $20,100 fire department, $17,500 street-improvement,
W.J. Uayes 4 Sonn, Cleveland. 10r«6 Paddock- Tray Co., Ft. Worth.. 100 00
Geo. Smith, St. Louis
lol-OD
$6,000 experimental- well, $35,000 fewer, $5 000 sewer-farm
9n 00
J. M. Holmes. Chicago
H. A. Kohler, Dallas
100*^64 L. A. Coquard, 3t. Louis.
9900
and $ 67,000 park bonds, all carried by large majorities.
Stephen Crane, Hamilton
10V243
Peoria Township, 111.— Bond Election.— Tbe election at
As stated last week, the bonds were awarded to N. W. which the question of issuing $66,000 3%* refunding bonds
Harris & Co.. Chicago, at 102 079.
will be re-submitted to the voters will beheld on April 8,
Marshall, Saline County, Mo.— Bonds Voted.— At an elec- 1902. These bonds, as stated last week, were awarded on
tion held December 10 the proposition to issue $70,000 4% 5- November 4 to a Chicago firm, but were afterwards refused
20-year (optional) water-works and electric- light bonds car- by the same unless the question of their issuance was again
ried by a vote of 834 to 98. The date for the sale of these submitted to the voters. This, as stated above, will be done
bonds bes not yet been determined.
at the spririg election, and if the result is favorable to the
Middlesex County, N. J.— Biota.— Following are the bids bor ds, they will probably be re-advertised for sale.
received December 18 for the $19,000 Zy
% % renewal and $8,000
Ptince, Porto Rico.— Bond Offering.— Proposals will be
Z%% road bonds
received until 4 P. m., December 30, by E. Chevalier, Mayor,
102:<0
New Brunswick Savings Institution... "2'"°° renewal
for $200,000 6% gold bonds issued for various improvements.
—
—
—
—
:
:
\
(
Jno. D. Everitt4Co.,
New York
5
(
10rl6
8,000 road
lg.iOo renewal
8,0.0 road
li'llUfi
100'3;5
John W. Duncan of Cranbury offered to take $2,000 renewal bonds on a 3% basis. We are not advised as to how
the rouds were awarded. The renewal bonds will mature
$5,000 yearly on January 1 from 1912 to 1914, inclusive, and
$4,000 on Jan. 1, 1915. The road bonds will mature onetenth yearly.
Middlesex County, Ont.— Debenture Sale— On December
5
the $20,000 6%% consolidated debt debentures were awarded
to H. O'Hara & Co. at 96'50. Following are the bids
H.O'IIara 4 Co
$19,300 W. H. Brouse
$18,651
Stimson 4 Co.. Toronto
18,860 A. E. Jar vi b 4 Co
18,600
:
Central Canada L.
S.
Co
For description of
1126.
lfc,t<6l
Jose, Parker
securities see
4
Co.,
Boston
Chronicle Nov.
18,402
23, p.
Securities are in deLomination of $1,000, coated Jan. 1, 1902.
Interest will be payable semi-annually. Principal will mature Jan. 1, 1922, subject to call at par on any interest- paying day after Jan. 1, 1912. A certified check on a national
bank of tbe (Jnited States for $5,0(0, payable to the Mayor,
must accompary proposals. The total assessed valuation of
the city for 1901 is $11,8.6,394. The bonds are issued under
an Act of the Porto Rico Legislature approved Jan. 31, 1901,
and under Section 38 of the Organic Act of the Congress of
the United States, approved Apiil 12, 19 0, The official advertisement states that " in the event of the failure on the
part of the city to make prompt payment of the interest or
principal of the bonds, or any part thereof, as the same shall
become due, the city, as a pledge of its good faith, authorizes the Tieasurer of Porto Rico to retain and set aside from
revenue; and moneys to be collected by the Insular Govern-
THE CHRONICLE.
1328
ment aDd dne
to the city a
sum
sufficient for
such payments
in arrearB."
Pa.— Bond Sale.— On December 17 the
TottSTille,
1-yr. bond..
10200
L. Herwljr. Pottsville
F. C. Tousstilut (for b-yr. bond).102o76 WX.Staeafer.P'tta 2-yr. bond.. 100 4 i
bond.. 100-70
100-^5
S-yr.
bond.
fl-yr.
villi4-yr. bond.. 100-02
-rr^Ar...
n r. \'i Jr. bond .100-r>0
nder80n
n
3t r>
bond 101*18
(.5-yr.
M»-yr. boDd 100T8
r> ;, "r,
Pottsvlllo
U-yr. bond. 10100 K P.Leuscbncr.ntfy. I'oitHville.lOO'iO
100*00
Wm. T. Hamilton, Pottsville
(6-yr. boud. 101*26
For description of bonds see Chronicle Dec. 14, p. 1277.
Roanoke, Va.— Bond Bill Passes Senate.— A bill providing
for the issuance of bonds has passed the Senate.
Rockbridge County, Va.— Bonds Proposed.— The County
Board of Supervisors baa petitioned the Legislature for au-
thority to refund $171,000 bonds.
Rogersville (Tenn.) School District.— Bond Sale.— On
December 10 $2,600 6% 5 20 year (optional) school bonds were
awarded to the Dominion National Bank of Bristol, Tenn.,
at 102 53.
St. Petersburg, Fla.— Bond Sale.— The $11,000 school,
30-year bonds offered for
$5,000 sewer and $3,000 water
sale early this week have been ^awarded to the New First
National Bank of Columbus at a reported price of 11013.
For description of bonds see Chronicle Nov. 9, p. 1027.
Sangamon County, 111.— Bond Election—An election has
been called for Jan. 14, 1902, to vote on the question of issuing $175,000 funding and refunding bonds.
Sioux City, Iowa.— Bonds Issued.— Local papers state that
the city bas issued $52,000 4% bonds to the Rutland Savings
Bank of Rutland, Vt., in exchange for $43,000 6# warrants
and the interest that has accrued thereon, which securities
were the property of the Rutland Bank.
Sloan, Iowa.— Bonds Voted. This place has voted to issue
bonds for a water-works system.
Springfield, Ohio.— Bond Sal*,—On December 8 6g 1-5year (serial) Eastern Avenue Improvement bonds to the
amount of $1,057 40 were awarded to C. S. Seitz of Tiffin at
105-55.
For description of bonds see Chronicle Nov. 9, p.
%
—
1,
awarded
to R. L.JDay
NEW
&
bonds were
and accrued
NEW
LOANS.
Proposals will be received until noon, Monday,
December v3d, 1901, at the Mayor's Office, City Hail,
Baltimore, for the purchase tn whole or in part or
$1,000,000 registered stock ot the City of Baltimore,
tonown as " Western Maryland Railroad 19515 Refunding Ijoan," bearing Interest at the rate of 3H
per centum per annum, payable semi annually on
the 1st day of January and July of each and every
year.
Interest will commence January 1st, 1902, and the
Stock will be deliverable the following day.
This stock is issued by virtue of Ordinance No. 18,
approved March ttth, 1898 (amended by Ordinance
No. 32, approved February 8th, 1900), authorizing
the issue of $1,000,000 of stock for ihe purpose of
paying to the holders thereof the Western Maryland Railroad 6% 1«02 Loan, amounting to tl.000.000
Issued by the Mayor and City Council of Baltimore
and maturing January
1st, 19o2.
tax Its
own issues of stock and
The city does not
will pay the tax imposed on this issue by the State
of Maryland in place of the holders thereof.
Proposals must be nealed and addressed to David
Ambach, President of Commissioners of Finance,
and marked "Proposals for W. M. RR., 1968 Refunding Loan."
The right is reserved to reject anv and
J.
WHOM
IT
tional
New York
Bank,
ation.
—
Oxbridge, Ont. Debenture Sale. On December 16 the
$4 OuO 4% town-hall debentures were awarded to the Central
Canada Loan
Saving s Co. at 98 462. Following are the
&
bids
4 Sav. Co.. $3,938 60 6. A. Stlmson
A. W.Harrison, Toronto
8.920 00 Emilus Jarvls
Central Canada L.
Service
Public
Kan.— Bond News. —We
LOANS.
E. H.
MAY CONCERN:
Refunding 5% Bonds, dated July 19, 1890, amount
$15,000, denomination $5(0. due July 1, 19i0, optional and redeemable by said City at any time after
ten years from date, at any Interest paying time.
All of said bonns being payable at the Fiscal Agency
Of the Stat e of Kansas, in the City of New York,
Are hereby notified that the City ol Emporia, by
action of iis Mayor and City Council, has decided
and elected to exercise its option to pay and redeem
said bonds. Now, therefore, the owners and holders of the said bonds above described are hereby
notified to present said bonds at their place of pay
ment, viz.: the Fiscal Agency of the State of Kansas,
in the City of New Vork, on the first day of January,
l»oa, for redemption and payment, at which time
the Interest on siid bonds will cease.
This notice is given in pursuance of the order of
the MHyor and Council of said ulty of Emoorla.
In witness whereof the said City of Emporia has
caused this notice to be signed by its May r and attested by the City Clerk, this 11th day of December.
A. D. 1901.
BOSTON.
San Francisco.
Denver.
Blodget, Merritt
NOTICE.
S. Y. Office.
&
Co.,
Congress Street, Boston.
New York.
STATE. CITY & RAILROAD BONDS.
New Orleans, La., 4s.
Town of Covert, N. Y..
CHARLES 8. FAIRCHELD,
JAMES A. BLAIR,
JOHN W. STERLING,
BRECKINRIDGE JONES,
n
(Bondholders'
f Committee.
.Perth
Write for
B.
full particulars.
POWELL
«fc
Woodstock, Vermont.
CO.,
Amboy,
EDW.
C.
N. J.. 4s.
JONES &
NEW YORK,
PHILADELPHIA,
1
-
112 SO.
Perry, Coffin
NASSAU STREET
FOURTH STREET
&
Burr.
BOSTON.
WE
OFFER* TO YIELD
LI8T.
BOSTON.
4K*.
860,000
(Total issne)
&
Worcester
Street Railway Co.
Hampshire
-JO-
Year Gold Bonds.
Approved by Mass. RR. Commissioners.
BARNARD & GILBERT,
7
OENISON, PRIOR & CO.
CLEVELAND.
CO.,
6o State Street,
EXCHANGE PLACE, BOSTON.
MUNICIPAL BONDS.
E. C.
Yielding an exceptional net return.
HARRY
3Hs.
Southern Pines, N. C. 6s.
Y ork (Pa.) Cou nty Traction Co., sold 3s.
)
INVESTMENT BONDS.
8END FOR
Bids;.
Allenhurst. N. J., 4&s.
46 Wall 5 Per Cent 1st Mtge.
13 Wall Street,
Attractive 5£ Minnesota Bonds
1442 Broad-Exchansre
INVESTMENT BONDS.
Plan of Adjustment having been agreed
to between the City of Austin and the Bondholders' Committee, the city has been empowered by a Special Act of the Legislature
It is
to consummate said arrangement.
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
8ECDRITY & TRUST COMPANY,
Street, New York City.
Street,
CHICAGO.
NEW YORK
BANKERS,
16
238-240 La Salle
H. B. MORSE, Mayor.
MATHEWSON, City Clerk.
Chronicle
INVESTMENT SECURITIES.
A
ROLLINS & SONS
are advised that the
INVESTMENTS.
Geo. D. Cook Company,
CITY OF AUSTIN, TEXAS.
BONDS.
Co. Toronto. $8,915 00
Co. Toronto. 3,788 00
$15,0u0 5$ electric- light bonds mentioned in the
Bondholders of the
Corporation
A
A
mature part yearly for twenty years.
Wellington,
Clerk Commissioners of Finance.
AND
—
S.
all bids.
MUNICIPAL
City.
Dab. No Bonds to be Issued. We are
advised that no bonds will be issued to build the twentythousand- dollar court house referred to in the Chronicle
Nov. 16. The money for this purpose will be raised by tax-
Turner County,
to wit:—
DAVID AMBACH,
President Commissioners of Finance.
SEWELL THOMAS,
re-
—
The owners and holders of the following-described
bonds of the City of Emporia, Lyou County, Kansas,
Attest: G. O.
bids
of Starke" writes us that the board will moat likely
be compelled to ask the Council to raiee the interest rate to
6#, upon which the bonds will again be offered for sale.
Stonewall County, Texas. Bond Agreement. An agreement has been made with Austin parties to take the $20,000
4% refunding bridge bonds, the $12,240 4g refunding courthouse bonds and the $4,000 4% refunding jail bonds mentioned in the Chronicle Nov. 30.
Suffolk County, N. Y.— Loan Authorized.—-The Board of
Supervisors has authorized the County Treasurer to borrow
$10,000 for three months at not exceeding 4* interest.
Terre Hante, Ind.— Bond Offering.— W. K. Hamilton,
City Comptroller, will receive propopals until 3 p. m., Dec.
Se28, for $39,000 4% 10-20-year (optional) judgment bonds.
curities are in denomination of $1,000, dated Jan. 1, 1902.
Interest will be payable semi-annually at the Hanover Na-
BOND CALL.
City of Baltimore, Md., CITY OF EMPORIA, KAN.
TO
Dak.— Bids Rejected.— All
S.
Town
Si,ooo,ooo
REGISTERED STOCK.
mature
December 12 for the $70,000 b% 10 20-year (optional)
funding bonds were rejected. These bonds were described
in the Chronicle Nov. 23. p. 1128.
Starke, Fla.— Bids Rejected.— We are advised that the
bids received December 9 for the $14,000 h% water and the
$4,000 5% electric light bonds were not satisfactory, and the
bonds remain unsold. The Secretary of the "Board of Trustees for the Water-works and Electric-light bonds of the
Securities
17 $10,000 h% water
Co., Boston, at 121 075
will
ceived
1027.
Bond Sale.— On December
and
1901,
1,
1920.
Stanley County,
$2,500 4%
building-improvement bonds were awarded
to L. Herwig of Pottsville at 102. Following are the bids
100-24
1-5 year (serial)
Securities are dated Dec.
interest.
March
[Vol. LXXTTI.
121
STANWOOD &
BANKERS,
Devonshire Street
BOSTON.
Co..
December
THK CHRONICLE.
21, 1901. J
like in description to those given above.
The
town's aspessed valnatimi in $1,507,355.
Windsor, Out.- Debenture ^alr.-Of the $3-1,(00 \<t localimprovement debentures mentioned in the Cm. .skj.e December 7, $20,000 have been awarded to Mrc F. J. Davis at
bonds are
Nov. 23 will probably be sold to a local bank at par unless
an offtr of at least $300 premium is made for the same. If
taken by the local bank, the bonds will only have to be
issued as money is needed, thus saving the interest on those
bonds which are not required at once. The securities are in
denomination of $500, dated Jan. 1, 1902. Interest will be
payable semi-annually and the principal will mature Jan. 1,
1907, subject to call $8,000 yearlv.
100-50 and $4,000 to J. J. Akrm at par.
000 debentures are still unsold.
—
$88,000
Mclean county, Illinois,
4% Court House Rebuilding Bonds.
Dated November 1. 1W01. Denominations $1,000 each
$21,000 due November 1, 19t'2.
24,000 due November 1, 190t.
26,000 due November 1, 1905.
17,000 due November 1, 1908.
Price yleldtnK a\i per cent.
Assessed valuation
$19,309,778
98,64H,890
Actual valuation
Indebtedness, including this Issue
828,000
Population, Census 19oO. 6" ,8*3.
City of Bloomtngton Is the county seat.
The entire bonoed 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, 1,10(1 square miles, but Is one
of the most fertile and wealthy.
Legality of issue approved by Storey, Thorndlke &
Palmer, Boston, Mass.
J. F.
WILD &
CO., Bankers,
Indianapolis.
WE
OFFER, TO YIELD ABOUT
Q. a. Pernald
a
Co.,
I
$1,000.
has authorized §6,500 electnc-li^ht-improve ment bonds. Securities will be issued in denomination of $500, dated Jan. 2,
1902.
Interest will be at a rate not exceeding 4? payable
semi-annually at the office of the City Treasurer. Principal
will mature $2,000 July 1, 1907, $2,000 July 1, 1908, and
$2,500 July 1, 1909.
Wjlam, Ala.— Bond Sale.— Prior to the date for which
sealed bids were asked (December 20) this town disposed of
the $5.0C0 6% 10-20-year (optional) school bonds through PerHudnall of Ensley at par. These bonds were dekins
scribed in the Chronicle last week, page 1279.
York, Pa. Bond Offering. Proposals will be received
until 12 M., December 31, by Ralph S. Cannon, Chairman of
the Finance and Ways and Means Committee of the City
Councils, for $30,000 %%i fire department improvement
bonds. Securities will be issued in denominations of $100,
$200, $500 or $1,000, at the option of purchaser. They will
be dated Feb. 1, 1902, and will mature Feb. 1, 1932, subject
Interest will be payable semi-anto call after Feb. 1, 1922.
iiually.
Bonds are exempt from all taxation and will be certified to as to genuineness by the United States Mortgage
Trust Co., New York City. Their legality has been approved
by J. H. Caldwell, Esq.. of
York City.
certified
check for 5% of the face value of the bonds bid for, payable
to the above-named Chairman of the Finance Committee,
must accompany proposals.
*~—
&
—
&
INVESTMENTS.
SEND FOR LIST
NEW YORK.
December Investments.
BOSTON
In Municipal,
Quotations furnished for purchase, sale or exchange
MASON, LEWIS & CO.
BANKERS,
CHICAGO,
St •nadnock ttalldlng,
00 Devonshire
MUNICIPAL
RAILROAD
CORPORATION
St.
BONDS.
S.
Rudolph Kleybolte
1
NASSAU
ST.,
to 80 years.
&
MEW YORK
MUNICIPAL BONDS.
City, County, Town and School Bond!
tsned In leading prosperous States of the Union,
•specially adapted for safe and permanent Investment for Estates and Trust Funds.
nigh-Grade
TRANSMISSION ROPE.
CORDAGE
CORPORATION BUNDS,
172 Washington Street,
•
•
-
171
La Salle
R.
F.
ILLS. 171
MUNICIPAL
and
BONDS
Netting from 3}£ to 6£ always on hand.
DUKE M. FARSON &CO.
115 Dearborn
St.,
CHICAGO.
8end for our Investment Circulars.
Street, Chicago.
FULTON & CO.,
la salle
j
in
th; SPECIALTIES.
•
AD L
THE AMERICAN
MANUFACTURING
COMPANY.
street,
CHICAGO.
WALL
63
Municipal Bonds,
LIST ON APPLICATION.
CORPORATION
Co.,
BONDS.
CITY.
Streets.
CINCINNATI, OHIO.
AND CORPORATION
MUNICIPAL
Co.
T. B. POTTER,
MUNICIPAL and nrikinc
CHICAGO,
&
Mayer,
W, Corner Third and Walnut
Railway and Gas Companies.
LIST ON APPLICATION.
MacDonald, McCoy
&
Seasongood
BOSTON,
s
1
A
New
LEACH
& Power Co.
Maturing
wi
Woodstock, III.— Bonds Authorized.— The City Council
Butte,
Denomination,
and the interest
MUNICIPAL, RAILROAD AND CORPORATION
Railroad and other bonds adapted
BONDS.
for trust funds and savings.
FARSON,
& CO.,
IHHVK TRAVELERS' LETTERS Or CREDIT
A VAILABLE IN ALL PARTS OF THE WORLD. CHICAGO.
NEW YORK.
Street
8 per cent 1st
Gold Bonds.
-
101-047
Day & Co.. Boston
Securities are in denomination of $1,000,
will be payable semi annually.
K. L.
Choice Issues.
Mom..
Mortgage Sinking Fund
%%%
100*080
Blake Bros. 4 Co.. Huston
K. 11. Kolllntl>.eioD...K0 777
Jose, 1'arker 4 Co.. Boston
100 670
Boston. ...ion <o
BANK BRS,
8400,000'
Butte Electric
Bloditet. Merrlit & Co., Boston. 101'MS
lol-dtii
"Aclm-i" * Co.. Bolton
31 NASSAU ST..
CHICAGO.
Deal exclusively
3*.
(Total Issue. 81,000.000)
16 $40,000
(t-erial)
INVESTMENTS.
W. HARRIS & CO.,
N.
$10,-
bonds, dated Oct. 1, 1001, were awarded to
The bids follow:
Blodfjet, Merritt & Co., Boston, at 101-283.
1-10-year
,
INVESTMENTS.
The remaining
Woburn, Mass.— Bond Hale.— On December
We
are advised
N. J.— Bonds Not Sold.that the $25,d00 3>£$ relunding bonds offered for sale on
December 4 have not yet been disposed of and that the town
will not re-offer the bonds for sale in the immediate future.
The bonds wbioh the above Issue was to refund will be paid
off on Jan. 1, 1902, out of funds now on hand.
Wheeling, W. Va.— Bond Election.— An election »will be
held December 28 to vote on the question of issuing $412,400
If authorized, 104 bonds will be in deA.% refunding bonds.
nomination of $1C0, 200 bonds of $^00 each and 302 bonds of
$1,000 each, all dated Dec. 1, 1901. Interest will be payable
annually on January 2 at the Bank of the Ohio Valley of
Wheeling. The bonds will be divided into twenty five series,
lettered "A" to "Y," inclusive, all of which are for $12,000
each except Series "A," which is for $124,400. Principal
will mature Series "A" ($124,400) on Jan. 2, 1912. and one
series of $12,000 yearly on Jan. 2 from 1913 to 1936, inclupive.
Wlllimantic, Conn.— Loan Authorized.— The Board of Aldermen has authorized the Mayor to borrow $2,500.
Wilson (Town)— Newfane (Town)— Niagara County, N.
T. Bond Offering. Proposals will be received until 2 P m
Jan. 10, 1902, by A. C. Bigalou, Town Supervisor, for $79,000 refunding bonds. Securities are issued under the authority of Chapter 653, Laws of 1901. They are in denomination of $5(0, and the interest will be payable annually
Principal will mature $2,000 yearly for twenty years and
$4,000 yearly thereafter. Bidders are to name the lowest race
of interest at which the bidder will take the b >nds a r pur.
The above bonds will represent the only indebtedness of the
town, the assessed valuation of which is $1,189,371.
At the request of the Supervisor of the town of Newfane,
the above-named Supervisor of the town of Wilson will re
oeive proposals at the same time and place as abovH for
$61,000 refunding bonds of the town of Newfane. These
West Hobokeu,
1329
BMW
8TRJSKT.
Fred.
YORK.
H. Smith,
STOCK. BROKER. 06
BROADWAY, N.¥.
Manhattan Life Insurance Building.
UNLISTED BONDS AND STOCKS,
nether interest paying or defaulted, bought
"lull description of specially
sent
GOLD BONDS
upon
application."
TROWBRIDGE &
First National
Bank
NIVIiK CO.,
CHICAGO.
Building.
Quotations furnished, also opportunities for
Write or
fort.
small Investors.
Tel.
attractive
5%
sold.
*3H&
call.
Katabllabed 1S68.
A. G. Becker
I
&
Co.,
INCORPORATED.)
COMMERCIAL PAPER,
8.
W.
Cor.
Monro* & La
Salle Sti., Caic&g*.
THE CHRONICLE.
1330
financial.
Insurance.
THE GRAND PRIX
OFFICE OF TUB
financial.
WE
OFFER,
[Vol. LXXIII.
SUBJECT TO PRIOR SALE
ATLANTIC MUTUAL
CHOICE OKLAHOMA
FIRST MORTGAGES
INSURANCE
on Improved farms, worth from 2 1* to 5 time*
the amount loaned thereon,
6
WAS AWARDED AT TUB PARIS EXPOSITION TO
Netting the investor
WHITING'S STANBARB
per cent interest.
They are the only American papers which have
ever received this— the highest honor that can be
conferred.
It means they are the most perfect
made. Insist on having them for your fine corres
pondence and your office stationery. Are you using
Kaoh of the securities has been personally ex
•amlned by one of our salaried examiners.
whiting's Ledger Papers
Samples and booklet free.
Write for our latest offering.
holyokk. mass..
And
Wichita, Kansas.
Building,
Mention
Blank-Book
you
WHITING PAPER COMPANY,
WINNE & WINNE,
Wlnne
in
PAPERS.
York.
SECURE BANK VAULTS
this vaver.
New York. January 22d, 1901.
The Trustees, In conformity with the Charter
>f the Company, submit the following statement of its affairs on the 3lst of December,
1900:
Premium* on Marine Risks from
1st January, 1900, to 31st December, 1900
03,278,413 54
on Policies not
marked off 1st January, 1900.
828,796 35
Premiums
Marine Premiums
rotal
Premiums marked
New
150 Dtjane Street,
CO.
04,107,209 79
from 1st
off
January, 1900, to 31st December. 1900
03,407,886 18
Interest received
during the year.
0346,028 89
Sent
received
during the year.
0369,862 25
ASSETS
Losses paid during
the year which
REALIZATION
QENUINE
WELD KB CHROME STEEL ANB IROf
CO.,
Round and
Ashland Block, Chicasro,
518 Walnut
Cannot
FOR
CHROME STEEL WORKS.
Philadelphia.
WHITE &
G.
J.
in the United States.
K.y
CO.,
Engineers, Contractors,
29 BROADWAY, N. Y.
Investigations and Reports on
Sell,
Electric Railway, Gas, Electric
Light, and Power Transmission
Rent,
Repair and
Properties for Financial Institutions and Investors.
Exchange
Electric Railways, Electric
Electric
Power Plants
Light and
Financed
Designed and Built.
LONDON CORRESPONDENTS:
Typewriters.
May we
J. O.
A. H. Rutherfoord,Trea».
.L. Williams. Vlce-Pres H. P. Page, Sec.& Auditor.
30
Hathaway, General Manager.
BROAD
30 Coleman
LONDON,
St.,
E, C,
WM. FRANKLIN HALL,
Executive Oftioes:
Accountant,
'
Exchange Building
53 State Street
BALTIMORE, MB.
finances, Builds, Purchase* Electric Railway*,
Electric Lighting Properties, Waterworks, Im
Plants, etc. Examinations made and reports furisned on all classes of ndustrial properties.
BOSTON, MASS.
Books audited.
Examinations and Investigations conducted with the utmost
care and efficiency.
01,367,640 05
Returns of Premiums & Expenses. 0399,096 13
The Company has the following Assets, vis.:
United States and State of
York Stock,
1902.
other Stocks
HAND-BOOK
D. A.
OF
Railroad Securities.
JANUARY EDITION.
TERMS.
Price of Single Copies
To Subscribers of the Chronicle,
New
York.
KEISTER &
CO.,
52 Broadway,
-
Public Accountants and Auditors,
mo
stree t,
york.
wall
new
&
05,537,024 00
TrustOompany
1,693,805 80
Estate oor.
Seal
&
William
Streets, cost. . . 01,050,000 00
Paid toward ereoWall
tlon ofinew build-
622,873 59
ing
Other real estate
and claims due
the
Company...
75
CHRONICLE VOLUMES FOR SALE.
1870 TO DATE.
'WILLIAM B. DANA COMPANY,
PINE ST., CORNER PEARL
ST., N. V.
1,747,873 50
Bills
Re-
ceivable
1,156,783 60
Cash in the hands of European
bankers to pay losses under
policies payable In foreign
countries
Gash
In
195,818 81
188,434 83
Bank
Ajnomnt
010,514,740 05
Six per cent Interest on the outstanding cerbe paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the fifth of February, next.
The outstanding certificates of the issue Of
t895 will be redeemed and paid to the holders
Ikereof. or their legal representatives, on and
after Tuesday, the fifth of February next,
from which date all Interest thereon will cease.
The certificates to be produoed at the time of
payment, 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 which
oertiflcates will be issued on and after Tuesday, the seventh of May, next.
By order of the Board,
ilfloates of profits will
H.
CHAPMAN,
Secretary.
TRUSTEES:
Gtastav Amslnck,
Francis M. Bacon,
Vernon H. Brown,
Waldron P. Brown,
William B. Boulton,
George Coppell,
Joseph H. Chapman,
George C. Clark,
James O. De Forest,
James H. Dunham,
William E. Dodge,
Patterson, Teele
Dennis, Cornelius
Eldert.
CERTIFIED PUBLIC ACCOUNTANTS, Ewald Fleltmann,
Floyd-Jones,
.
.
New York. Edward
$t 00 SO Broad Street.
Horace Gray,
To Bankers and Brokers in quantities, with their
cards lettered in gilt on the cover, at special rates.
WILLIAM B. DANA COMPANY,
*l*e Street, Cor. Pearl Street, New York.
75,000 00
Premium Notes and
JAMES PARK,
Public Accountant and Auditor,
New
Bank and
City,
U>ans secured by Stooks and
special deposits In Banks and
J.
Correiipondence Solicited.
15,
NEW YORK.
ST.,
204 Dearborn St.,
CHICAGO. ILL.
Railways and Light Co.
of America,
READY JANUARY
SELLS,
Certified Public Accountants,
,
CONTINENTAL, TRUST BUILDING,
<Sk
HAS KINS &
Mlddendorf Pres
K. C.
WHITE
CO., Limited.
a College Hill, Cannon Street,
22
serve you?
Wyckoff, Seamans & Benedict,
327 Broadway, New York.
4Wm.
vious years
0416,202 81
occurred and
were estimated
and paidln 1900 1,101,744 24
01,517,947 05
Less salvages
150,307 00
Kent Ave. Keap and Hooper St».,
RHIIOHI V«
8 "»Msn'f'«rRinrhe U.S.
in process of liquidation, any-
We
and
5~ply Plates and Angle
SAFES, VAULTS, *c.
be Sawed, Cut, or drilled, and positively
Flat Bars
were estimated
In 1899 and pre-
Burglar Proof.
St.,
Will bay the assets of estates
where
03,833 36
Clement A. Grlsoom,
Leander N. Lovell,
Hand,
Anson W. Hard,
John D. Hewlett,
Clifford A.
Charles D. Leverloh,
Levi P. Morton,
W. H. H. Moore,
Charles H. Marshall,
George H. Maoy,
Frederic A. Parsons,
George W. Qulntard,
John
L. Rlker,
A. A. Raven,
Gustav H. bchwab,
William C. Sturges.
RAVEN, PreridtHt.
PARSONS, Viet-Prft.
O JRNELIUn ELDERT, ad Yict-PruPU
THKO P. JOHNSON, fd Yit+PrtfL
A. A.
F. A.
@FedFRASER