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financial
ranirk
mttnte
Supplement
Quotation
Street Railway Supplement
(Monthly)
Investors Supplement (01^)
(
Entered according to Act of Congress,
VOL.
Stale and Ciljj
SATUKDAY, DECEMBER
73.
Supplement fymusm^
year 1901, by the William B. Dana Compart, In the
In tbe
(^Anm^
office of
the Librarian of Congress.)
NO. 1905.
28, 1901.
Week ending December 81
Olearings at —
3Pxe (frhvomrtz.
1901.
PUBLISHED WEEKLY.
Terms
Advance:
of Subscription— Payable in
~
For One Year
For Six Months
600
uropean Sabsoriptlon (lnolndlng postage)
13 00
7 50
European Sabsoriptlon Six Months (lnolndlng postage)
Annual Subscription In London (lnolndlng postage)....
SlxMos.
do.
do.
do.
42
14s.
..4111s.
Above subscription Includes—
Terms
Stbebt Railway Supplement
8tatb and city supplement
Transient matter
$4 20
8TANDINO BUSINESS CARDS.
Two Months
times) . 22 00
(8
.
Three Months
Six Months
Twelve Months
(13 times) $29 00
" ). 50 00
(26
(52 " ). 87 00
.
Springfield
Worcester
Portland
Fall River
Lowell
New Bedford
A
DANA COMPANY,
Publishers,
new YORK.
Hn«\.
Chicago
4 596,091
3 979 637
3.498 820
1 60* 858
1.190.881
Youngstown
Lexington
Rookford
,
$P35.081,076
83 810.588
75.683.810
14,499,844
122,060.855
88.159.619
11.316,186
897.624.0U
cities, 6 day*
oltlei, 6 days
Total alloities,6day§.
All cities, 1 day
The
all olties
for week.
$1.4i3.«0 338
433 884 576
$1,884,137,114
Seven
$1,266,148,925
188.071.418
$1.4*8.513,133
Baltimore
Chicago
St. Louis
New Orleani
$946,986,778
90.972,823
79,741,650
$1.2-0.589.408
205,923.787
Benton.
Philadelphia
Total
$18»7.104,913
13885,861
101.392 070
28,081,880
11,268,378
-1-8
-7-8
+4-0
+4-0
+20-4
+381
+0'6
+1-2
+96
+23
Los Angeles...
Seattle
Spokane
Tacoma.
Helena
Week ending December
at—
1901.
1901.
.
New York
.463.131.190 1.674.168,880
Philadelphia
Pittsburg
Baltimore
108 777.49:36 076 496
23.767 95V
6 806 66f
8 918.667
8.33*. HOI
2,0f6>-9f
1,848 98*
1,890,611
8.3V3 281
1.167.60'
1,481.040
1018 889
Washington
Albany
Rochester
Byraouse
Boranton
Wilmington
Blnghamton
119 327 804
89.058 307
4.924^20
Buffalo
1
447,800
Chester
Oreensburg
Wheeling W. Va.
Wilkes Barre
TotHl Middld..
1900.
I
23.402.91
6.16S.713
8 921 89C
051 958
436 701
100 "0(
321.09i
376 117
349.827
751 884 Vot include
6727H5 Not Include
«43 4 96 -5 1 -i7ft 61 VAT
i
1899.
1806.
-7*7 1.428 305 941 1,022.138 940
-8-8 115 383. 12*
88 8H2 888
-76
84 719 078
23 711128
+1-6
81.094 071
20 411 165
-6-7
5.688 771
4.416H9
+0-5
+47-7
-HI
+163
-4-9
+0-6
+2-6
+24'4
+V7
3.080 109
8 386 150
8915.441
8 729 043
l.Tf 9 281
1,306.1-8
1,890,560
1,015 2 iO
160.400
997 981
1,102 101
700 7<'6
856 830
101580
-7 6 l.AM 8x2 48*
20.045
921-
3 069 1-60
2 168 6*6
Omaha
6.800.0'
6.873 485
4 429 738
Paul
Denver
Joseph
Des Moines
6,315.601
Davenport..
Sioux City
Topeka
Wlohita
Fremont.
Colorado Springs..
Tot. other West.
Louis
Orleans
1 685 676
909,618
1.668.937
1,302.943
6(9,281
173,168
950.811
68,821 960
60.568,913
16.775 94*
9 889 832
4 310.250
New
Louisville
Galveston
6746422
Houston
Savannah
Rlohmond
Memphis.
6,616 772
4,078,291
8 266,665
8.U87.278
1,799 3 9
1 614 022
2,135.349
Atlanta
Nashville
Norfolk
Augusta
677 983
1.1C0 000
1.235,347
913,000
1.142.355
Knoxvllle
Fort Worth
Little Rook
Chattanooga
4*3 782
136 711
616.970
-r-14-1
884 694
-4*9
163,752,347
113 659,007
+9-9
161,977.847
17.827.25C
143.266 682
18.157 260
7.384.084
8.818.707
5.164.888
4.484.700
2.772 SS4
1.938.385
8 833 586
11.156 426.600.888
6.495 100
2,939.809
1,961 631*
2 231 973
1.384.066
1,019,772
881 59K
871.869
+16M
+9-7
-14-1.
+32-01
-t-89!
863 694
973,682
780 584
759.161
881800
447 970
364,068
841.500
332767
256 392
877 353
240.925
+6-3
— ai-Hi
+108
in tot al.
+11-6
815 968,317
+20-6
+16-8
17 906 677
8.581 690
+121
1.81P.912
1.796.438
1 t-90 161
1.8*3 1»0
1,C30,763
896.7 65
+43-6
+40-1*
-161
+1-6
+41-8
+81-0
192.910.526
14.f
93.289
2 611886
1.8r2.C0O
1,443 770
1.100 000
1.340.182
788 815
483.048
622,225
154 117
+*6
+ 4-2
+316
+165
+7-1
+10-8
4-20-3
18-1
+
84.98i.408
13.885 025
11.153 617
6.110 601
5,355 584.786 082
4.291.910
l,3-0.1h3
680 623
l,i9J.i0s
8l7 8«7
6i 0,090
165,988
+2-1
411800
148880
80.021 088
-9 6
+810
611 651
200 14/
1
120 53i
552.781
438.100
877,000
269.179
814,571
267,611
176 169
+36*8
-0-2
1,404 104
1.082.349
679 042
665,291
438.98'
-t-6-2
l,082.4i!7
12 193 8*9
8.87* 838
5.263 219
4.250. v 01
3,951 016
1.416 620
819,971
1.57W. 610
+6-8
+8(rl
2.7MI 91 h
2,001 169
20.0 '4 401
9.837.C91
11.174.864
7 C65.878
4.814 180
8 020 604
8.20J.000
1,861 615
624.064
887,825
779. 10«
472 630
911012
—181
+ 3-7
58.183 476
46-5
60,726 611
42,660 813
40 608,711
17.005 108
9 781 00"
+246
4,144.000
4.715 739
6,701.633
3 611 34"
+23-1!
852 8P3
891 089
863 437
618 600
81.836 376
12 876 910
6.864.701
8.88T.160
8 982.0C8
3 337,761
3 088.364
8,581.613
1.866.761
35
18
b
-1-1
+ 1-1
3
I
+48-1'
8,881781
—11
3,880 391
8 074 0*8
2.782 601
+16-0-
8-ti
-iOf
8 600.551.
1.631 78*
+12'*
1 476 702
8,36- 94 4
68", 000
+9-8
4.H7
1.180.'
I
2 808 718
1,535 310
2 115.19*
13,^.553
63-S 178
1.0 8 335
1.6 00 000
+ 160
—
+W
-1-8
9"8
i
119.686
1,100,C00
-4-18-3
83\(>o('
751 850
+ 12-8
+620
418.101
+18'0;
8n9 7:o
l-41-(
1181.084
1,857.770
843.144
674.460
1
,063 015
613 191
611.000
398 620
300.861
816 970
81700*'
618 887
897 888
286 443
Omslde N. York.
102 718 8 8
8.848.4S6 976 8 340 349 4-7
+UW
796.806,786
766,181.267
+38
713 099.410
618.670.083
18.2r0 150
13.476 706
Total Southern.
Total all
16,380 810
11 4« 1838
+18-0
+ 11N
+6-8
16 5t8 094
113*0 851
3 131 SHI
1,460 000
14.7S0 73O
8 880 688
7U"
926
700 108
185 810
861 2e 4
735 887
581 157
35
vw 842.881
116 687 201
-3
9
B7.10166V
106 861
S. 171
i
76 118 881
641 114.013
CasidaMoutreal
Toronto
Winnipeg
4*87
Hamilton
John
To,
•,
I
f-ftno
!»7
2 013 291!
818.781
784 M-
Halifax
Quebec.
1.160 Hfi» ?91
212 183 261
18.09S.0W
Vlotorla
VauooDver....
In tot al.
in tot al.
incl ude
16 133 943
St.
S20.OOC
Not
Kansas City
Jacksonville
Cent.
170. 19*
238.971
308.114
160.000
Minneapolis
Birmingham
Macon
21.
876.825
827.119
84 609.803
St.
We
269 121
500
1.612.048
1.168.014
8*3156
+17-7
46"6
+49-C
41,770,134
St.
present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Dec. 21, 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 loss of 3*9 per cent. Outside of New York the increase
over 1900 is 3'8 per cent.
21,180 873
8.575,287
2,771.735
8.964 553
2,950.000
1,463.352
1,177,746
Fargo
Sioux Falls
Total Pacific.
-03
night.
237,l!27.75l
—VI
586.80',
1,180,485
1,095.517
500,000
182 986
St.
the week covered by the above will be
given next Saturday.
We 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 cases estimated, as we go to press Friday
398.181
1751»>e
249.561
239.800
166 *80
89,691
+16-7
-6-li
411,73:
5 930
2 339 788
1.617 881
1.652 484)
1,428 988
1.178 671
-t-i-e
C21883
928.958
608.236
269.4(2
-8-4
full details for
Clearing'
San Franclsoo.
Lake City.
Salt
Portland
New York
Other
P.Oent
1900.
869,579
623.784
630 03"
489 458
619.000
439.017
38H 788
320.880
126591906
1.42*191
+16-2
+8-4
-5-1;
+76-4
-6-0!
6 710 000
Springfield, Ohio..
190].
1.806.826
1,162 872
916.164
655 616
664.806
13.9-6.H81
6.779 3 9
1898.
1,585.116
+51-8
+8-8
+6-6
+10-0
+88*8
Cleveland
Springfield, 111
+6-3
+6-8
85!'
141 704.731
17,164 800
9.882 81i
12.858 60b
6 862.131
6,100 oor
8,471 707
8 68*648
8,272 911!
14.191020
Peoria
+2ri
168,577 112
18.210.560
Indianapolis
•4-5-r
148,980.076
1B9.07492P
Toledo
Grand Rapid!
Dayton
$
144.888.5S9
8 088 700
2.8k 9 9-8
100
878
8-(i
Detroit.
The following table, made up by telegraph, etc., indicates Canton
that the total bank clearings of all tbe clearing houses of Jacksonville, 111...
Qulnoy
the United States for the week ending to-day, Dec. 28, Bloomington.
Jaokson
have been $1,884,137,144, against $2,248,436,976 last week and Ann Arbor
ToUMld. West'n.
$1,887,104,913 the corresponding week last year.
CUartngs— RtturnM &v Telegravh.
Week Binding December 28
7.050
3.126
1,125
1.420
1,645
P. Cent.
-6-6
2*
Cincinnati
Akron
Kalamatoo
CLEARING HOUSE RETURNS.
K4
632.682
Holvoke
New
139 201
1899.
706
867
1,306. 987
1,110 086
626 419
448, 576
820. 068
668
Hvansvllle
Pine Street, Corner of Pearl Street,
Post Office Box 958.
180.120,321
7.443 300
8,603 S67
1.601.808
1,602.786
1.781.839
1,410,3KB
1.065.819
865
Milwaukee
Columbus
Messrs. Edwards
Smith, 1 Drapers' Gardens, E. c, will take subscriptions and advertisements, and supply single ooples of the paper
at Is. eaoh.
B.
........
New Haven
Total
London Agents:
WILLIAM
Boston
Providence
Hartford
Advertising—(Per Inch Space.)
ol
1901.
$
$10 00
..
Thb Quotation supplement
Ihi Investors' supplement
1900.
*1-'
5l«8"5
851821
2 54't"'--
1479 000
824.II4
717.347
638 815
978 590
'-t-SS''
1
-0"9
+8*8
-
I
—18*2
1,364 574 Not Include d in UM
xi-3187010
41.0SI \»\
Z
1
118 815
212.805
401661
601,789
al.
86 804
THE CHKONICLK.
1332
[Vol. LXXIII.
requirement to ensure ready convertibility
whenever we adopt a sound automatic bank-note currency with the volume regulated by trade requirements.
rency
THE FINANCIAL SITUATION.
The
almost always a quiet period;
that season this year is not one of the exceptions.
The tone at this moment is strong and the surroundingsare promising. Bat were we to contrast to-day with
twelve months ago we should have to say that nearly
holiday season
is
every department of manufacture, except iron and
steel and some of their allied products, was less active
Our
railroads
continue to hold a
conspicuously
strong position as an industrial factor in the make-up
o? affairs, and so long as they continue to hold it, and
iron and steel retain a fair degree of prosperity, genand steel eral business cannot be absolutely depressed. At the
and
is mainly, if not wholly, because producers, through a moment, however, hostility to the railroads is being
strike and later through a car shortage, have got be- worked up in two quarters, endangering their busihind in filling their orders.
ness stability. The most conspicuous as yet is the
The Stock Exchange is a very conspicuous and ex- movement in the Northwest, led by the Governor of
treme illustration of the altered conditions. That Minnesota. No one would object to his being zealous
whole market in the closing weeks of 1900 and the in pressing action to preserve what he calls the peoopening weeks of 1901 was buoyant, and up to that ple's rights, but the opposition is being carried on in
date the buoyancy was beyond compare; now, though such a bitter spirit, as if railroads were [the enemy of
still having a strong undertone, it has lost all that reck- mankind, that it tends to arouse a feeling of malevless confidence which was then so obvious a feature. olence among the less informed which when once
We say this is an extreme illustration, and yet a simi- called into being the Governor will neither be able to
lar contrast runs all the way through the industrial control nor direct.
It would be a very severe blow
organization that is true as to a loss of buoyancy, and to wage earners and to our term of prosperity if this
also true as to evidences of more than usual strength ill directed crusade were to check the profitable workand promise [underlying the surface of affairs. The ing of the Northwestern railroads. The truth is, if
chief complaint cannot be called a strange or unusual any body of men desire to throttle business there is no
one, and yet it is common to every department and way they can do it more quickly than by crippllrjg
has been common, sooner or later, to every term of railroads.
prosperity in this country. Prices a year ago for stocks
But, as we look at it, a still more serious movement
rose too high and fast and were still advancing and is that proposed by the Inter-State Railroad Commiswithout discrimination. As to merchandise, a like sion. It has prepared a bill, which is to be presented
venturesomeness prevailed; blind pools were no im- to Congress, amending the Inter-State law by giving
pediment to purchases risk apparently had become to the Commission the right to fix rates for all railan added inducement. Later on it was hard lines for roads. To pass such a law would be conferring upon
the outsiders when Amalgamated Copper was seen to that body the power (i) to destroy the prosperity of
take to its heels in a downward flight. No one, though, the whole system of roads by enforcing unprofitable
ought to have been deceived. Pegging the price of rates, and (2) to use this authority to extract from
a commodity is merely the guide post to a graveyard the managers money contributions to purchase exempfor buried hopes.
This truth is written on almost tion from insolvency. We do not mean that the
every page of our industrial history, and has been existing Commission is made up of men that would
illustrated at one time or another in connection with do anything with a wrong intent.
All that Congress
very nearly every commodity.
will need to refuse approval to such legislation is to
know that in tne hands of designing or prejudiced
Interest in these matters to-day relates chiefly to men it would be an instrument capable of doing the
their bearing on the outcome of business affairs the roads and, through their prostration the people, great
coming year. Such a season as the latter part of 1900 harm. Moreover, even if it meant no more than putand the first half of 1901 cannot repeat itself until the ting into the hands of commissioners, of no special
memory of the past has become more distant and lees capacity or education for running railroads, full
distinct.
As much as that may be read in what al- authority to act on so delicate a matter as rates,
ready has been said. The whole business future is that fact we are persuaded would be sufficient to conetill in considerable measure involved in the high prices demn the proposed law.
We shall have occasion to
for commodities. .We have spoken of this feature so write further on this subject when the law has been
often, and the decline now in progress is so apparent, introduced. We already have a copy of.it, and therethat we need but mention it here. Hope lies in the fore speak from an inspection of its terms.
leveling tendency going on until the disorganization,
the extreme rise has begun to cause, has been cor.
President Schwab of the United States Steel Corrected.
If that tendency continues, home consump
poration has a faculty of stating important truths
tion will slowly revive and in time become general with a pithiness and directness that carries conviction
again; our merchandise exports will begin once more with it.
We referred last week to his declaration at
to expand and the gold outflow be kept down. Such the opening session of the National Civic Federation
an outflow of gold as has recently taken place has that labor unions will fail so long as they have for
among its immediate effects nothing of a disturbing their fundamental principles restriction of the output.
character unless the New York money market is in a He opposed labor unions on that ground. Last Saturstate to feel the depletion.
But it is a movement day night he made a speech before the Bankers' Club
which is adverse to an expanding trade. This is a at Chicago in which he was equally happy in his
large country, and in prosperous times a oonstant in- condemnation of trusts.
He asserted that " the
crease of currency and of the best sort will for some trust is a dead business proposition, built on a trinity
years be needful as a business stimulant. That need fiat would wreck anything the restriction of trade,
is in part a sentiment; but it will become a cur- the increase of prices and the throttling of competi-
—
that the greater activity of even iron
;
—
—
—
December
THE CHRONICLE
28, 1901.
:1333
"trust" idea was an experiment ported from Washington that the Treasury has bought
and to that extent served its purpose, but it was $2,500,000 4s of 1907, deliverable before the end of
founded on misconception and promoted aloDg lines the year.
lie said the
tion."
of self- destruction.
The
consolidation, as organized
to-day, he pointed out, accepts for its guidance totally
Instead of restricting trade it
expands trade by creating new avenues and reducing
the price of the commodities which it produces. It is
different principles.
Money on
representing bankers' balances, has
loaned at the Stock Exchange during the week at 9 per
cent and at 2£ per cent, averaging about 6i per cent.
On Monday
call,
loans were at 9 per cent and at 4 per cent,
enabled to do this because the ohief advantage of con- with the bulk of the business at 7 per cent. On Tuesday
solidation is the reduction in the cost of the articles transactions were at 8 per cent and at 2 A percent, with
produced. This is an important distinction to bear in the majority at 6 per cent. On Thursday loans were at
mind, and in our estimation if the consolidations in 7 per cent and at 4 per cent, with the bulk of the
On Friday transactions were
the various branches of trade are managed along these business at 5 per cent.
lines, much of the public opposition to them which at 9 per cent and at 6'per cent, with the majority at 7
now exists will eventually disappear. Certainly from per cent. Banks and trust companies have loaned at
an economic standpoint success can not be achieved 5 per cent as the minimum. Time contracts are
quoted at 6 per cent for thirty to sixty days, 5@5£
la any other way.
per cent for ninety days, and 5 per cent for four to six
There was no change in the official rates of discount months on good mixed Stock Exchange collateral.
by any of the European banks this week and un- The commercial paper market continues dull, with no
official
the principal centres. local and not much out of- town buying, and rates are
rates were easy at
The feature of the statement of the New York As- nominally 5 per cent for sixty to ninety day endorsed
week was a further reduction in bills receivable, 5@5^ per cent for prime and 5|@6
loans by $13,368,500, making $24,546,600 in a fort- per cent for good four to six months' single names.
night, and a decrease of $19,062,000 in deposits, or
The Bank of England minimum rate of discount
$34,861,800 in the two weeks. Specie fell off last
remains unchanged at 4 per cent. The cable reports
week $3,410,000, to $161,048,800, or $3,975,000 below
the lowest of the year previously recorded on Janu- discounts of sixty to ninety day bank bills in London
ary 5. Legal tenders were reduced by $1,025,200, to Si per cent. The open market rate at Paris is 2J per
$70,760,600, against $67,059,800, the minimum, which cent and at Berlin arid Frankfort it is 3| per cent.
was also recorded at the beginning of the year. The According to our special cable from London the Bank
total cash was $231,809,400, or within $274,200 of the of England lost £2,327,585 during the week and held
lowest.
The surplus reserve was increased by $330,- £32,064,544 at the close of the week. Oar correspon300, to $5,785,325, which was $573,800 above the dent further advises us that the loss was due to the
minimum of the year.
export of £300,000 (of which £200,000 were to Egypt,
The Treasurer of the United States announces that £50,000 to Brazil and £50,000 to other countries) and
Banks
sociated
last
applications have been received at his office to deposit
shipments of £2,028,000 net to the interior of Great
January lawful money in lieu of bonds for the
purpose of retiring national bank-note circulation to
Britain.
In
the
amount
Among
of
The foreign exchange market was quite inactive
the Hanover this week and the fluctuations were within a very nar-
$3,000,000, the limit for the month.
these applications are those of
Bank of this city of $492,500, of the Atlantic row range. There was only a moderate inquiry for
Bank of Boston of $450,000 and of the remittance and the market was chiefly influenced by
National Bank of the Republic at Chicago of $600,- the rates for money in New York, the tone promptly
000. The Fifth National Bank of Cincinnati, Ohio, responding to the daily changes in quotations for
will make deposits of lawful money for the retirement loans on call.
There was a fair supply of commercial
of $160,000 of its notes in January, the First National bills against cotton on Monday and again on ThursBank of Winona, Minn., of $175,000; the National day, but these were promptly absorbed. On ThursBank of Norwalk, Conn., of $155,000; the Traders' day there was a firm tone for exchange, caused by
National Bank of Lowell, Mass., of $150,000; the some demand for Saturday's steamer and also by easier
Union National Bank of Omaha, Neb., of $100,000; money rates, but the business was small. The Assay
the Producers' National Bank of Woonsocket, R. I., Office paid $433,910.17 for domestic bullion.
Gold
of $150,000, and the Massasoit National Bank of Fall received at the Custom House for the week $97,191.
River, Mass., of $100,000.
The other deposits anNominal rateB for exchange are 4 84@4 84£ for sixtynounced are of amounts ranging from $12,500 to day and 4 87@4 87? for sight. R ttes for actual business
$75,000.
opened on Monday at an advance of one-eighth of a
National
National
Transfers of currency to New Orleans through the
Treasury have continued this week and these have
amounted
to $1,050,000; there have been
cent compared with those at the close on Friday, to
4 83^ @4 83f for long and to 4 86£@4 86£ for sight;
The tone
cables were unchanged at 4 87} @4 874.
was firm and it was Bteady on the following day at un-
no transfers
It is reported that money which was
sent out of Chicago to move grain is being returned
to that centre from Northwestern banks in amounts of
from $100,000 to $150,000 daily; also that the Chicago
banks have sent money to this centre during the week.
Checks representing $225,000 Japanese gold deposited
at San Francisco were cashed at the New York SubTreasury on Monday. Payments at this office for unmatured bonds during the week amounted to $185,
changed quotations. Wednesday was the Christmas
holiday.
On Thursday the market was firm though
dull, and it so closed without quotable alterations in
rates.
Francs were a shade stronger on that day in
consequence of a fall of one centime in the rate for
exchange at Paris on London. The tone of the market
was firm on Friday. The following shows daily
posted rates for exchange by some of the leading
836 53, making $60,851,428 89 since April
drawers.
to Chicago.
2.
It is re-
THE CHRONICLE.
1334
rui.,
Dec
88
TUkS.,
Dec. xi
(
Magoun *
4 84
84
4H7H
87*
4 84
84
87*
84
87*
87*
4 84
4 87
84
87
84
84
87
84
Bank
jeodays
Bank of
jeodays.
Montreal
Canadian Bank
JHIght-.
(00 day*
Oommeroe.
(Bight...
I
Bight...
J
60 day*
I
Bight...
j
Heidelbaeh. Iok
elhelmer & Co
86.
87*
84
Co.. jBtght....
Brltlih
No. America:,.
tne taek came to his hands.
"The state of the
Treasury," Mr. Gage himself said, in opening the
subject in his report of 1899, M exhibits a degree of
financial strength never before equaled. It places the
THCB.,
26. Dec.
84
87*
4K4
4 87*
WlD..
Dec
87*
bo day*.
I
84
Might....
(
Baring.
HO day*
\
Brown Broi
of
Mow.,
80. Dec.
80 day*
4
Government
87*
87*
84
84
87*
4 84
4 87*
84
in a position,
a
87*
more favorable than has be• • • towards
fore existed, to take any steps
inaugurating needful improvements in the currency."
<
a
o
464
4 87«
[Vol. LXXIII.
84
4 64
4 87*
This statement of the case was entirely correct. The
monetary reforms of Secretary Sherman were carried
Sight,..
87*
87*
eo dan
484
84
84
Merchant* Bk.
through in the face of a bitter and hostile ConBight...
4 87*
87*
87*
of Canada
gressional opposition, which possessed a numerical
The market closed at 4 83£@4 33| for long, 4 86|@
majority and had to be placated by compromise. The
4 865 for short and 4 87±@4 87£ for cables. Comreform proposals of Secretary Carlisle fell on deaf
mercial on banks 4 82f @4 83 and documents for payears, and scarcely won respectful consideration on
ment 4 82£@4 83*. Cotton for payment 4 82±@4 82^
the floor of a hostile Congress. Mr. Gage set forth
cotton for acceptance 4 82|@4 83 and grain for
his plans to a friendly Congress, with a handsome
Lasard Freres..
'
,
1
5
(
payment 4 83£@4
83*.
Administration majority, elected in a canvass where
The following gives the week's movements of the proposed reform had been tacitly, and in many
money to and from the Interior by New York banks. cases explicitly, the issue of the election.
But if Mr. Gage was fortunate in the popular conIUctivtd by
Net Interior
SMtVeA by
Week Ending December 27, 1901.
victions and Congressional sentiment to which hia
Movement.
N. T. Bankt, N.T.Banki
appeal was made, both Congress and the people were
Currency.
16,934,000
Gain. I8.764.0OC
14,170.000
Gold
917,000
Total gold and legal tender*
849.000
•7.881. 000
15.019,000
With the Sub-Treasury operations_the
Gain.
93,000
tGaln. t2.862.000
result
is
as
follows.
fortunate in the
man who made
them.
The
gold-
standard legislation, on the Administration's lines,
turned out to be so easy that the student
of the period is apt to overlook two real dangers
'
which existed and which always exist under preThere
as those of 1899.
cisely such conditions
Banks interior movement, at above 17,881,000
15,019,000 Gain. 42,862,001
there is the danger
is the danger of apathy and
Sub-Treasury opei atlons
16,400,000
18,000,000
Loss. 1,600,00(1
Total gold and legal tender*.
124,281 000
128,019.000
excessive zeal.
On the one side lies that
Gain. $1,282,000 of
The following table indicates the amount of bullion policy which assumes, with the comfortable laziness
which characterized our fiscal history from 1868 to the
in the principal European banks.
resumption period, that if times are good it is best
December 26. 1901.
December 87, 1900.
not to run the risk of disturbing them or offending
Banks/
Bold.
Silver.
0olt.
Total.
Bilver.
To tat.
anybody by a change of laws. On the other side lies
J
*
a
the policy through which a Congressional majority
87,
190L
Into
Out" Of
Bank*.
Week Ending December
Bank:
Net Change
Bank
im
Holding*
M.
ngland
France
Germany
Russia
Ans.-Hung'y.
Spain
Italy
Netherlands.
Nat. Belg'm..
88,064,644
82,064,544 28,641,263
28.641,263
98,647,081 44,074,658 148,621.689 68,062,318 44,807,892 187,869,604
31,801,400 16,882,800 48,183,700 24,084,000 12,407,000 86.491.00C
69,858,000 6,611,000 76,384,000 73,641.000 6,440.000 80.081.00C
46,621,000 11,212,000 67,738,000 88,826,000 9,905,000 48,230,001
14,011,000 17,174,000 31,185.000 13,986.000 16,874,000 80,360,0OC
15,994,000 2,060,700 18,064,700 16,502,000 1,770,000 17,878,00C
6,742,400
3.169,383
6,289 030
1.679.667
18,081,400
4,873.000
5,602,000
4,789,000
3.943,000
1,472,000
10,480,000
4.415.00C
Tot-this week 817,693.708 105383326 422.977.C83 296.462,676 9b,277,292 898,789,867
Tot. orev. w's 818,001,986 1047068P2 428.7f fl 77' 287,489.103 99.223.000 396.713.108
inaugurate daring experiments
with the currency, such as were set in motion
Mr. Gage avoided
in the unlucky days of 1890.
both these dangers. With the persistency of a reforming statesman he united the caution of an experienced
banker. He lost no opportunity of forcing on the
may be used
to
attention of Congrees and the people the imperative
need of affirmative legislation on the gold standard of
was ready with a
at the
THE RETIREMEN1 OF SEGRE1ARY GAGE. currency ; plan, setproper time, hethat the humblest
forth so clearly
consistent
Announcement of Secretary Gage's intention to re- citizen could understand it. But he had no "fads'*
sign the Treasury portfolio came, at the close of last of his own to bind up with the main principle on
week, not altogether in the nature of a surprise. It whose adoption he insisted, and his purpose, from
had been known that Mr. Gage wished to retire from first to last, was to carry into law a workable plan
public life ; but the general idea had been that the whose meaning and results could not be misunderevent would be postponed until well on in President stood.
A less determined finance minister might
Koosevelt's administration.
We presume, however, have left the law exactly what it was. One of a more
that Mr. Gage reasoned that the present moment was adventurous disposition might have jeopardized by
really opportune, being a time when the earlier fiscal his experiments the success even'of the soundest porproblems of the period following 1896 had for the tion of his policy. Mr. Gage was able to put the seal
j
most part been settled, and when the later problems upon the legislation which settled the controversy of
were only beginning to press for executive considera- a generation.
That is alwayB a rather inviting combination
of circumstances for a statesman bent on relinquish-
tion.
This, as
we have
said, is
in our
judgment Mr.
Gage's chief claim t6 distinction in the history of
ing his task to choose for his hour of retirement. It Treasury administrators. There are, however, other
is a satisfactory ending to his own official career,
and achievements with which his name will always be
it permits a satisfactory beginning to that of
his suc- associated.
The conversion of a large part of the
cessor.
Mr. Gage's place in the financial history of the
United States Government will be chiefly that of the
administrator under whose auspices the gold standard
was established by formal statute.
He was undoubtedly fortunate in 'the conditions under which
public debt was an ingenious undertaking, and the
amendments to the national banking statutes did
good service in enlarging facilities for mobile credit
at a time when such enlargement was very necessary.
In both achievements the Secretary's experience and
authority as a practical banking expert counted, for
-„
December
THE CHRONICLE.
28, 1901.]
1335
meeting the heavy expenses in the judgment of the board of directors it was
of the Spanish war, and the later expedients for re- deemed essential that steps should be taken to mainducing superfluous revenue, were the work of Con- tain and protect the position of the Union Pacific
gressional finance committees rather than of the Ad- system and to safeguard its future against combina-
The soheme
much.
But
ministration.
for
to Secretary
Gage belongs much
of the credit for two facts in this legislative episode
that taxation, broadly distributed, was made to bear
Such combinations, it 1b stated,
should they become hostile, might divert much busitions of other lines.
ness by changes in existing channels of transporta-
the chief burden of the war expenses, which might tion. The geographical position of the Union Pacific
have been thrown wholly upon the Government's bor- system with regard to the Southern Pacific and
rowing powers, and that reduction of the taxes was, Northern Pacific systems, the report goes on to say,
later, insisted on as a means of releasing redundant affords many opportunities for important interchang-
revenue instead of resorting, as was unfortunately
done ten years before, to mere tinkering with the
revenue laws or to wholesale increase of expenditure.
Two problems of Treasury finance Mr. Gage lays
down pretty much unchanged from what they were
when he took them up. The means of avoiding disturbance of the money market when the surplus revenues grow large are as crude and antiquated to-day as
they were when the Treasury's operations upset the
markets in 1888 and 1882. The question of an elastic
system of bank circulation is no more settled to-day
than it was when Mr. Carlisle, eight years ago, introduced the topic in his annual report. These are perhaps the most immediate problems which will confront
Mr. Gage's successor.
The public will watch with
peculiar interest as Governor Shaw's ideas and policies
in these two matters unfold themselves.
He will
bring a fresh mind to the consideration of the problems; for his previous experience, we believe, has not
been in the lines of large banking operations, with
which Mr. Gage had been familiar. There may possibly be some disadvantages in such lack of special training, but there are very considerable compensations.
and the acquisition
of the stocks re-
ing of business
;
ferred to,
[averred, has greatly strengthened the
it
is
and has enabled it to undertake the development of new avenues and sources of
position of the system,
traffic.
The
exact
amount
of
Northern Pacific stock held
is
given as $41,085,000 out of a total of $75,000,000 of
preferred stock and $37,023,000 out of a total of
$80,000,000 of common stock outstanding. Thus the
Union Pacific owned $78, 108,000 out of the whole $155,000,000 stock of the Northern Pacifio Company out-
The
standing.
operation was financed through the
Oregon Short Line Company, one of the constituent
Union Pacific Company. That is to
say, the title to the Northern Pacific stocks was vested
in the Oregon Short Line Company, the latter company providing for the purchase by the issue of purchase money certificates of indebtedness, which are
held by the Union Pacific Company. Altogether $61,000,000 cf these Northern Pacific purchase money cerproperties of the
all held in the Union
In addition, as is known, the Union
Pacific issued $100,000,000 of convertible 4 per cent
One of them is the fact that his very [dissociation bonds, of which up to June 30 1901 $6,043,000 had been
from the profession of banking may disarm],the preju- converted into Union Pacific common stock, leaving
dice of the communities from which he comes, and $93,957,000 of these convertible bonds outstanding at
enable him to educate public sentiment in those sec- the close of the fiscal year. The company also sold
tions to an appreciation of the needs of reform in our during the twelve months $3,000,000 of Union Pacific
banking laws.
Eailroad first mortgage bonds held in the company's
treasury.
At the same time $2,033,000 of consolidated
THE UAION PACIFIC
mortgage 5 per cent bonds of the Oregon Short Line
WHAT
tificates are
reported outstanding,
Pacific treasury.
REPORT
SHOWS.
Railroad
Company held by
that
company
as a treasury
The annual report of the Union Pacific Railroad asset were sold.
Company, which has been awaited with much interest,
This makes a total, it will be seen, of over $166,was issued yesterday. The features in it which stand 000,000 of new capital, giving an idea of the extensive
out very conspicuously are the company's prosperity, nature of the undertakings carried on. Moreover
as revealed by the income account for the year, and these great financial operations were carried through,
the magnitude of the company's affairs and opera- it would appear, with the utmost ease. The proceeds
tions.
In this latter particular we have a new illus- of the new capital, according to the report, have been
tration of the scale upon which in these times under- applied in the building of new lines, in providing
takings of vast size are carried through with hardly betterments and new equipment and paying for the
more difficulty than thecommon,|every-day operations acquisition of the Southern Pacific and Northern
of fifteen or twenty years ago.
The
report
Pacific stocks.
The need
for
new
capital independ-
brought down to the close of the
fiscal ent of that required for the purchase of the Northyear on June 30 1901, and therefore contains no ref- ern Pacific and the Southern Pacific is shown in the
erence to the recent agreement between Union Pacific fact that the Union Pacific Company's expenditures
interests and the Hill- Morgan people dominant in for betterments, improvements and new equipment
is
Northern Pacific and Great Northern affairs, which during the twelve months reached the sum of
agreement resulted in the creation of the Northern $12,088,730.
Securities Company.
The report tells us, however,
While the figures above are certainly of large prothat the Union Pacific acquired $75,000,000 par value portions, it is not until we examine the two-page
of the capital stock of the Southern Pacific Company statement in the report showing the securities owned
and $78,108,000 par value of the stock of the North- by the Union Pacific Railroad Company and its auxiliern Pacific Hallway Company. In explanation of ary companies in railroad and other properties that
these important acquisitions which are referred to in we get a proper idea of the vastness of the property
a very matter-of-fact way, showing the immense interests represented in this combination. The table
means at the command of the company the state- shows not merely the Union Pacific ownership in the
ment is made that these stocks were acquired because different companies, but also the total amount of
—
—
THE CHRONICLE
1336
stock and bonds issued in each case. Taking the
aggregate in this last Instance we get a total that
falls
only a
little
short of one thousand
million dol-
In other words, the aggregate amount of stock
This
and bonds in the table is $987,971,791.
oovers all the bonds outstanding of the Union
lars.
and its constituent and auxiliary companies, and it also covers the $197,847,788 of Southern
Pacific stock outstanding and the $155,000,000 of
Northern Pacific common and preferred stock outstanding. It does not, however, include any of the
various issues of bonds of the Southern Pacific or
any of the bonds of the Northern Pacific Railroad.
When this last fact is taken into consideration, additional importance is given to the total referred to of
nearly 81,000,000,000.
Of the $987,971,791 of stock
and bonds outstanding the Union Pacific itself, together with the Oregon Short Line and the Oregon
Pacific
Eailroad
&
Navigation companies, holds $332,631,259,
leaving $655,340,532 afloat in the hands of the public.
Any one caring to make an analysis or a study of this
interesting and striking statement will find
in
full
it
printed
on page 1363 of the current issue of
this
paper.
As far as the income exhibit of the Union Pacific
Company is concerned, this makes a very satisfactory
showing. The accounts include the operations of the
Union Pacific Railroad proper and also those of the
Oregon Short Line Railroad Company and the Oregon
Railroad & Navigation Company, practically the
whole of the stock of the latter two being owned by
the Union Pacific.
There was a further addition to
[Vol. LXXIII.
ments for that purpose is $5,178,175, if no account be
taken of the Northern Pacific income, and $5,959,255 if
that income be included.
The company is very efficiently managed, as will appear when we say that on
the Union Pacific proper the train load in the late
year (including company freight) wa3 354 tons; on the
Oregon Short Line it was 390 tons and on the Oregon
&
Navigation Company 376 tons. Interesting statements appear in the report showing how
the company's facilities have been Increased in the
time since the reorganization. Thus on February 1
1898 the Union Pacific proper had 10,634 freight
cars with a capacity of 440,320,000 lbs.
On June 30
1901 there were 15,716 cars with a capacity of 871,740,000 lbs. The capacity, it will be seen, has almost
exactly doubled.
On the Oregon Railroad & Navigation Company there is very little change, but on the
Oregon Short Line the comparison is much the same
as for the Union Pacific itself.
Since March 16 1897
the number of cars has increased from 4,109 to 5,164,
and the capacity from 184,156,000 lbs. to 289,472,000 lbs.
Brief reference is madejto the income account of the
Southern Pacific Company, in which the Union
Railroad
Pacific
is
now
the
dominant
interest.
That com-
pany's full report has not yet been issued, but
presume
like the
it will
Union
The Southern
be shortly.
we
Pacific,
enjoying great prosperity.
It appears that the gross transportation receipts of the company in the late year were over
seventy-seven million dollars $77,244,898.
After
allowing for all charges and an expenditure of no less
than $6,870,949 for betterments and additions to
Pacific itself,
is
—
the gross receipts for the twelve months of $4,390,483,
raising the amount to $43,538,181.
At this figure properties and equipment, there remained a clear surcomparison is with the similar total of $34,394,729 plus on the operations of the twelve months in the
only two years ago. The net receipts from]operation sum of $3,456,560.
were $18,951,036, which compares with $17,720,151 in
the previous year and with $15,326,542 in 1898-99.
Of the $3,140,930 increase in expenses in the late year, ITEMS ABOUT BANKS, BANKERS AND TRUST CO'8
—The sales of bank stocks this week aggregate 252 shares,
no less than $1,871,503 occurred in the maintenance of which 150 shares were sold the
at
Stock Exchange and the
outlays $1,410,352 additional having been spent upon remainder at auction. The sales of trust company stocks
maintenance of way and structures and $461,150 were limited to two small lots of Morton Trust Company
stock amounting to 15 shares. Two lots of 25 shares each of
additional upon maintenance of equipment.
Over and above the requirements for fixed charges stock of the National Shoe & Leather Bank were sold at the
Stock Exchange at 135 140, a gain of 30 points over the last
(including the 4 per cent dividend on Oregon Rail
sale price. The only sales reported in the "curb" market
—
&
Navigation Company preferred stock) the income account for 1900-1901 shows a surplus on the
operations of the twelve months in the large sum of
The 4 per cent dividends on Union Pa$13,157,769.
cific preferred stock took $3,979,580, leaving a balance of no less than $9,178,189, out of which the 4
per cent dividends on the common stock, calling for
Really the balance available
$4,000,014, were paid.
was larger than this, for we see from a foot-note to
the interest table in the report that while the com
pany charged two months of accrued interest on the
Union Pacific convertible lien bonds issued, it did not
credit itself with the dividends on Northern Pacific
stocks accruing from April 1 to June 30 1901, and
road
which amounted to $781,080.
This,
we
are told, will
were of National Bank of Commerce stock
iharet.
Banks— New York.
Price.
5 Chemioal Nat. Bank
4,155
45 Corn Exchange Bank
30 Leather Mfrs.' Nat. Bank
22 Market & Fulton Nat. Bank..
* 100 Phenlx National Bank
*50 Shoe & Leather Bank, Nat..
441
263i«
1*-445 1
a
260
118
135-140
Trust Company— New lork.
15 Morton Trust Co
1.195V1.196
*
at 365.
Last previous $dU.
Nov. 1901—4.152
1901—
1901—
19011901—
Oct 1901—
Deo.
Deo.
Deo.
Aug.
450
2651*
263
105
110 1
Deo. 1901-1,198
Sales at the Stook Exchange.
—The New Amsterdam National Bank of this city, recently
converted from a State institution, has declared a dividend
of sixty per cent, payable Dec. 31. This makes a total of 95
per cent in the calendar year 1901. The bank's surplus and
undivided profits on Dec. 10 was $659,800 and capital $250,000.
—
Another increase in price of Stock Exchange seats has
occurred. Last week we noted sales at $73,000, but on Saturday a membership was transferred at $75,000 and yesterday
$80,000 was paid by H. E. Montgomery of 47 Broadway. This
latter seat, it is reported, was the property of W. E. Tunis of
20 Broad St., who became a member of the Board in 1869.
appear in the new fiscal year. Adding that, the
amount remaining above fixed charges and the 4 per
cent dividends on the Union Pacific preferred stock
The Hudson Trust Company, which first came into promiwould fall but little short of $10,000,000— in exact nence last spring, when it was appointed transfer agent for
figures $9,859,269, which latter equals almost 10 per the U. S. Steel Corporation, and has sioce been designated
cent on the $103,030,000 common stock reported out- New Jersey agent for the Northern Securities Company, the
Pocahontas Coal & Coke Co., and other large corporations,
standing June 30 1901.
announces that it is transacting a general trust company
Only 4 per cent, of course, has been paid on Union
business, and allows interest on accounts subject to check
Pacific common, and the surplus above the requireand on certificates of deposit. It also has a safe deposit de-
—
December
THE CHRONICLE
28, 1901.]
1337
The company is organized under the laws of New the banks interested. Both are now merged with the National
Jersey, and its principal offices are in Hoboken and West Shawmut Bank, which at its stockholders' meeting on ThursHoboken. It also has a New York office at 71 Broadway. day was authorized to increase its capital from $8,000,000 to
partment.
it has a snrplus and
has been in business only a
few months it has deposits aggregating $6,300,000. The President, Mr. Myles Tierney, has been prominent for a number
of years in various New Jersey corporations, and is well
known in this city for the construction of important engineering works, notably the Washington Bridge. Th9 list of
directors residing in this State includes the names of a number of well known capitalists and financiers.
In addition to
its
capital of $500,000,
profits of $725,000.
Although
it
—
Alfred Lichtenstein, of the well-known banking firm of
Heidelbach, Ickelheimer & Co. of this city, returned on
Monday last from bis vacation of about four months, which
he spent in Europe.
—The
Avenue Trust
Co. has filed with the Secretary
of State a certificate of an increase in its capital from $500,
Fifth
000 to $1,000,000.
—Notwithstanding the denial by the Cashier of the Fourteenth Street Bank that the institution had passed under
control of Charles W. Morse, it is asserted on good authority
that this is a fact, and that the bank will be made a branch
either of the Ganeevoort or of some other of the Morse system
of banks. The Fourteenth Street is a State institution; it
has a capital of $100,000 and surplus and undivided profits of
$82,277. The officers are George F. Vail, President, and
Irving C. Gaylord, Cashier.
—The Corn Exchange Bank Jis
about to absorb the Mechanics' & Traders' Bank of Greenpoint, Brooklyn, for the
purpose of making it one of its branches. The bank has a
capital of $100,000 and surplus and undivided profits of $186,841.
The Mechanics'
&
established about thirty-five years ago;
it
It is
Bank was
a State institution.
Traders'
has been
conservatively managed and is a profitable institution as
shown by the fact that the stook is quoted at 300 bid, and
that the surplus and undivided profits are nearly double the
amount of the capital; the net deposits last week were $939,400.
The President is Henry J. Oldiing; Vice-President,
Timothy Perry; Cashier, George W. Payntar.
The Corn Exchange Bank opened
its
Grand Central
branch, No. 7 East Forty -second Street, on Thursday.
$3,500,000, the new stock to be disposed of at not less than
$200 per share. The directors were also given authority to
appoint additional Vice Presidents.
—The State National Bank of Boston, with which the
National Hide & Leather Bank has been merged, has secured
the banking rooms formerly occupied by the National Bank
of the Commonwealth.
&
—Messrs. Lee, Higginson
Co., it is reported, are the
organizers of a new trust company in Boston. The City Trust
Company is to be the title of the new institution, which, it is
understood, will begin business on February
surplus have been fixed at $1,000,000 each.
—Owing
1.
Capital and
is already a bank called
has been decided to change
the name of the recently-organized German-American Trust
Company to the Germania Trust Company. The authorized
capital is $2,000,000, one-half of which is to be paid in at the
start.
Mr. Joseph Dickson has been chosen as President of
to the fact that there
German- American
new
the
in St. Louis,
it
organization.
— At the recent
Company
tors
was
list.
stockholders' meeting of the Detroit Trust
which the old board of direc-
of Detroit, Mich., at
No
re-elected, Mr. Daniel L. Quirk was added to the
change was made in the officials at the directors'
annual meeting.
—The
newer
Flatbush Trust Company of Brooklyn, one of the
announces its first dividend, 2% per cent,
institutions,
payable Jan.
2, 1902.
—The Lawrence Savings &
Trust
Company
of
New
Castle,
Intends to have a building of its own. It has purchased
large block of property on Washington Street on whioh
a
a large office building will shortly be erected.
The Company has a capital of $300,000 and is under the guidance
Pa.
,
Mr. George W. Johnson, President; Percy L. Craig and
H. Akrens, Vice-Presidents, and E. E. McGill, Secretary
and Treasurer.
of
C.
—
An extra dividend distribution (called a "Christmas
dividend") of 5 per cent was this week presented to the
stockholders of the Farmers' Deposit National Bank of
—The New York Produce
Pittsburg.
—The Coffee Exchange was closed
Maes., have declared the regular semi annual dividend of 3
per cent, payable on Jan. 1 to stockholders of record Decem-
Exchange was closed, by order
Board of Managers, on Tuesday. The Chicago Board
of the
of Trade was also closed on that day.
on Thursday as well as
— The directors of
the Beacon Trust
Company
of Boston,
on Christmas Day.
ber 24.
—On Saturday evening of last week, Frank A. Vanderlip,
formerly Assistant Secretary of the Treasury and now one of
the Vice-Presidents of the National City Bank, entertained
Secretary Gage at a dinner given in the Metropolitan Club.
Besides the Secretary of the Treasury there were present as
Mr. Vanderlip's guests Hon. Cornelius N. Bliss; George F.
Baker, President of the First National Bank; Jacob H. Schiff
of Kuhn, Loeb & Co.; William A. Nash, President of the
Corn Exchange Bank; George W. Perkins of J. P. Morgan &
Co.; J. Edward Simmons, President of the Fourth National
Bank; James Stillman, President of the National City Bank;
Joseph C. Hendrix, President of the National Bank of Commerce; Stuyvesant Fish, Vice President of the National Park
Bank; James Speyer of Speyer & Co.; A. B. Hepburn, VicePresident of the Chase National Bank; Frederick D. Tappen,
President of the Gallatin National Bank, and William Rhinelander Stewart.
The stockholders of the First National Exchange Bank
of Port Huron, Mich., will consider an increase in the capital
—An
old 7-30 bond for $50, dated July 15, 1865, was received on Monday by the Chase National Bank from one of
its Southern correspondents.
Five interest coupons were
attached to the bond.
—The consolidation of the Suffolk National and the Washington National banks of Boston is now assured. It is proposed to organize a new bank, the name of which will be the
National Suffolk. Stockholders of both the two banks will
have the privilege of subscribing to the new stock. Mr.
Christopher Minot Weld, the President of the Washington
National, is mentioned as the probable head of the new
bank.
—
from $135,000 to $150,000 at a meeting on January
7.
—A dividend of
10 per cent was paid on December 16 to
the depositors of the failed Cuyahoga Savings
Banking
Company of Cleveland by the American Trust Company, re-
&
ceiver.
—Mr. George Vanderbilt and his brothers, William K.
and Frederick, have, according to a dispatch in the New
York Times, advanced the sum of $509,000 in order to liquidate the claims of the depositors of the Metropolitan Bank
of Tacoma, Wash.
'The bank, it will be recalled, was compelled to close on November 19, owing to a run. The Messrs.
Vanderbilt, it is stated, are in no way personally connected
with the Metropolitan Bank, but President Caesar and some
of the directors are distant relatives of the Vanderbilts.
— A vacancy in the board
ings
& Deposit Bank
of directors of the
German Sav-
by the death of
by the appointment of
of Pittsburg occasioned
Mr. Joseph Ploeger has been
Mr. J. Ernest Roth.
filled
—
Mr. J. E. Fishburn, who was First Vice-President of the
National Bank of California of Los Angeles, Cal., has been
appointed Cashier of the bank to succeed Mr. A. Hadley.
—The Provident
—Formal action in the matter of liquidating the affairs of
the Third National and the National Bank of the Common-
Trnst Company, organized in Allegheny,
Ohio and Chestnut
streets, whioh are expected to ^be in shape for business by
February 1, the date of the initial opening. As stated before
in these columns, the company will have a capital of $200,000
and surplus of $50,000. The management will be In the
hands of Charles Geyer as President
E. R. Kopp, Vice-
wealth of Boston was this week taken by the stockholders of
President, and C. O. Spillman, Secretary and Treasurer.
Pa., last July, has secured offices corner
;
THE CHRONICLE.
1338
Williams, Cashier of the City Savings Bank
of Nashville, Tenn., has been elected President, succeeding
Dr. J. C. Franklin. Mr. Edgar Magness, President of the
Bank of Attalla, Attalla, Ala., is the new Cashier of the
City Savings Bank.
—Mr.
—The
A.
S.
Bank of Chicago, fremade in these oolumns, is
which have been
prosperity enjoyed by the State
quent allusions to
further depicted in tbe statement under the last call of the
Comptroller of the Currency December 11. This shows that
deposits are now $9,473,852, an increase of nearly one million
dollars since October 15 1901, when the total was but
A year ago— that is, on Dec. 11 1900— the total
$8,629,872.
was only
$6,863,188.
to be erected thereon. It is not thought likely, however,
that anything in the matter will be done for some time, or at
least not until the long leases of the present tenants expire.
—The accommodations
by the National Bank
of
in the building at present occupied
Savannah and the Oglethorpe Sav-
&
Trust Company of Savannah, Ga., being inadequate,
ings
the officers are seeking a suitable site with the view of erecting a building for the joint use of the two institutions. The
Mr. Herman
officials of the two are practically the same.
Myers is President of the bank and Vice-President of the
trust company, while Mr. J. J. Dale is Vice-President of the
company. Mr. F. D. Bloodworth
is Cashier of the former, Mr. John M. Bryan holding a similar
position with the trust company.
bank and head
of the trust
— Mr. Benjamin L. Rand, who has resigned
as Cashier of
Tonawanda, North Tonawanda, N. Y.,
by Mr. H. C. Clarke, formerly Cashier of
the Manistique Bank of Manistique, Mich. Mr. Rand had
held the position for twenty years, and resigns to take
the State
Bank
The foregoing
figures show a gross debt on Nov. 30, 1901,
and non-interest- bearing) of $1 ,337,282,142 89
and a net debt (gross debt less net cash in the Treasury) of
fl, 020,271, 477 95.
(interest- bearing
Pacific Railroad Debt.— At present the only bonds not
paid or in some manner settled by the companies are the
Central Branch Union Pacific. We consequently omit the
others from our table. Any reader desiring the details with
reference to all the issues will find the facts in the Debt
Statements for March 31 1900 and previous dates.
UNLIQUIDATED BONDS ISSUED TO PACIFIC RAILROADS— THKIB
STATUS DEC
Name of Road.
of
1.
10OL
Principal.
$1,600,00000
Central Branch Union Pacific
Total dut V. 8.
Interest.
18,787,176 87
$2,157,17587
realized the sum of $9,122,841 24 from
1901, of its claim against the Sioux City
Pacific Railroad Company, under authority of the Act of
The Government
the sale on June 20,
&
—The property on the northwest corner of Chestnut and
Broad streets, Philadelphia, purchased last August by Mr.
Henry Tatnall, President of the Franklin National Bank, is
now said to have been in the interest of the Girard Trust
Company, which, it is stated, will occupy the new building
[Vol. LXXIII.
Congress approved June
6,
1900.
Treasury Cash and Demand Liabilities.— The cash holdGovernment as the items stood Nov. 30 we take
from the Treasury statement of that date. The net cash
ings of the
balance and the reserve fund of $150,000,000 have both been
deducted above in reaching the net debt.
CASH IN THE TREASURY.
Reserve fundGold coin and bullion
Trust fundsGold coin
$150,000,000 00
$315.725 080 00
454,082,0(0 00
811ver dollars
Sliver dollars of 1890
Silver bullion of 1890
79,11000
40,080,bIiO 00
809,917,089 00
General fundGold coin and bullion
Gold certificates
$74,113,1 46 87
8.S.426.740 00
6,229,h0800
Sliver certificates
Silver dollars
Silver bullion
United States notes
Treasury notes of 1890
1,87^,498 00
481.22091
7,339,9*1 00
97,378 00
8,867.636 89
7,852,642 63
National banknotes
Fractional silver coin
Fractional currency
Minor coin
64-> 73
844,09044
Bonds and interest paid, awaiting reimbursement
65,750 00
In national bank depositaries—
To credit of Treasurer of the
United States
106,850,615 78
To credit of United States disbursing officers
6,046,863 20
$139,987,372 47
118.896.878 98
262,f 84,861 4ft
will be succeeded
charge of the management of the Armitage-Herschell Manu-
was
last
$815,725,080 00
Silver certificates
464.0i-2.000 00
Treasury notes of 1890
40,110,000 00
National bank 6 per cent fund
Outstanding checksand drafts....
Disbursing officers' balances
Post Office Department account.
Miscellaneous items
14.824,671 44
$809,917,089 00
facturing Company's plant at Buffalo.
—Mr. Arthur M. Heard
1,212.801,340 46
Gold certificates
week
elected Cashier of
the Amoskeag National Bank of Manchester, N. H., to succeed the late John M. Chandler. Mr. Heard at present holds
a like position with the Merchants' National Bank of
Manchester.
.
5.464,'
66
t-5
67,369,999 88
4,949,637 6H
8,276,821 28
85,878,586 61
$806,700,676 61
Reserve fund
Available cash balance
160,000,000 00
167,010,664 04
317,010.664 04
_______^^^^____
DEBT STATEMENT NOVEMBER
of the public debt and Treasury
cash holdings of the United States are made up from official
figures iesued Nov 30, 1901. For statement of Oct. 31, 1901,
see Chronicle Nov. 9, 1901, page 988; that of Nov. 30, 1900,
see Dec. 15. 1900, page 1201.
The following statements
INTEREST-BEARING DEBT NOVEMBER
is
4s,
6s,
Amount
Amount
issued.
Registered.
$
Q.— J. 4*6,940,760 435,171,600
Consols of 1930
Loan of 1908-1918.. Q.-F. 198,792,640 47,994,960
Funded loan, 1907..Q.— J 740,922,560 191,462,000
Refund'gcerttnc's.Q.— J. 40,012,760
Q.— F. 162,316,400 103,684,860
Loan of 1925
10,93rt,7C0
F. 100,000,000
Loan of 1904
litle of
2s.
8s,
Is.
Loan-
Inter ett
payable.
Q—
$1,812,801,340 46
Total
SO 1901.
80. 1901.
10.769.150
4B.62S.620
51,789,160
32,364,500
9,2o3,360
1001, exclusive of re-
$176,665,607 01
1001, exclusive of re-
Decrease during the month
167,010,684 04
$8,646,032 07
pt0ujeta*8g <ft0rarojerciall£ttflltsft2&et0*
Outstanding.
Coupon.
Cash balance In the Treasury Oct. 81,
serve and trust funds
Cash balance in the Treasury Nov. 80,
serve and trust funds
Total.
t
445,910,750
97,618,480
243,201.150
82,550
142,049,360
20,220,050
Bearing Debt,l,687 ,084,000 795,250,110 163,779,670
949,068,330
Note.—The denominations of bonds are as follows: 4s of 1907, registered. $60, $100, $600, $1,000, $5,000, $10,000. $20,000, $50 000, coupon, $60 $100.
$600, $1,000; 4*. refunding certificates, $10; 5s of 1904. registered, $50, $100,
$1,000, $10,000 coupon. $50, $100, $1,000,' 4s of 1926 registered. $50. $100. $600,
$1,000, $6,000, $10,000, coupon, f 50, $100, $500, $1,000; Ss of 1908-1918 registered.
$20. $100, $500, $1,000, $5,000, $10,000. coupon, $20, $100, $500, $1,000; 2s of 19001930, registered, $60, $100, $500, $1,000, $6,000, $10,000, $50 000, coupon, $60, $100.
Agg'teln
$600. $1,000.
_
,
[Prom our own correspondent.]
London, Saturday, December 14, 1901.
Once more the belief is gaining ground, not only here at
home, but upon the Continent, that the war in South Africa
is at last very near an end.
In consequence there is quiet
buying on Continental as well as on British account of gold
shares, and there has been also a recovery in consols.
Indeed, at the beginning of the week there was a tendency to
put up prices generally. Since then, however, two influences have come into operation which have again made busi-
ness exceedingly stagnant.
The first of these is the dispute between Chili and ArgenOct. 81.
Nov. 30.
tina.
For about six years running there was a bitter conat 2 percent, called
Funded Loan of 1891, continued
for redemption May 18, 1900; Interest ceased
troversy between the two Republics respecting the boundarAugust 18, 1900
$208,10000
$203,100 00
ies between them.
Large sums were spent in military and
6«,K00 00
Funded Loan of 1891, matured September 2 1891..
66.800 00
Old debt matured priorand subsequent to Jan. 1 '61 1.C66.910 86
1,066,540 86
naval armaments, and several times it looked as if war was
unavoidable. The credit of both countries at the time was
Debt on which Interest has ceased
$1,311,310 26
$1,340,940 86
Bonds Issued to Pacific railroads matured but not yet prelow; and they were unable to borrow, as they used to do in
sented Union Pacific, $12,000 Kansas Pacific, $1,000; total.
$13,000 00
the past here in London. The result was that both ran up
DEBT BEARING NO INTEREST.
floating debts amounting in each case to about six millions
United States notes
$346,681,016 00
Old demand notes
At last the two governments agreed to refer all
53,847 60 sterling.
National bank notes— Redemption account
88,263,fc70 50
questions at issue between them to the arbitration of our
Fractional currency
$15,261,072 63
own Government. Formal treaties to that effect were en8,375,934 00
Less amount estimated as lost or destroyed
6.876,188 68
tered into.
Aggregate of debt bearing no Interest
The representatives of both States are here in London at
.$388.b78,872 68
RECAPITULATION.
present, and the arbitration proceedings are actually going
Nov. 30, 1901.
Oct. 31, 1901.
Inc. or Dec. on.
Yet a fresh dispute has broken out. Chili constructed
Classification of Debt—
$
$
$
roads on the summit of the Andes in territory claimed by
949.C62.33n 00
Interest-bearing debt
061,028,100 00 Deo.ll,9e0,770 00
Debt, interest ceased
1,840,9*0 26
1.341,810 26 Dec.
370 00
Argentina. The latter believing them to be for strategical
Debt bearing no Interest... S86,8V8,t'72 68 885,824,244 68 Inc. 1,564,628 00
purposes first remonstrated, then asked for explanations,
1.387,i82.142 89 l,S47,6«8,e64 89 Dec.l0,<06.612 00
Total gross debtand now it is said has demanded, or is about to demand,
Cash balance in Treasury*. 817.010,664 94 825,666,697 01 Deo. 8.646,032 07
satisfaction.
For a long time people refused to believe that
Total net debt
1.020,871,477 96 1,082,032,957 88
Deo. 1,761,470 98 there was serious danger of war; but this week real apprehension has sprung up, not only in London and Paris, but
* Including $160,000,000 reserve fund.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
:
;
'
December
THE CHRONICLE.
28, 1901.]
also in Valparaiso and Buenos Ayres. It may be pointed out,
for example, that even in Chili matters are regarded as ex-
tremely grave, that the Chilian exchange upon London fell
on Wednesday to very nearly 14d., which is almost 4d. under
the par of exchange, or not far short of 22 per cent. It is
estimated that British investments in the two States amount
in round figures to about 400 millions; and if war were to
break out, probably the payment of the interest on the respective debts would be suspended and money which ought
to go to the bondholders would be used in mere fighting. The
great banks and financial houses here interested in the mat
ter have addressed themselves to the Secretory of State for
Foreign Affairs, asking him to use his good offices to maintain peace; and it is hoped that the great influence of the
United States will be used in the same direction.
The second cause of depression and apprehension in the
market is the continued fall in copper and copper securiThe price of copper in London so short a time ago as
ties.
September 12 was very nearly £68. It fell yesterday to about
£52, and there has been a corresponding fall in all copper
securities.
For instance, Rio Tinto shares in the early part
of the year were over £60. Yesterday they fell to about £40,
a fall of £20 per share, or nearly 83 per cent. Rio Tinto
shares are neld in very large numbers in France, and the
large fall has greatly affected the French Bourse. It will be
in the recollection of our readers that French investors have
suffered exceedingly heavy losses during the present year
through the breakdown of industrial enterprise at home, in
Belgium, and still more in Russia. The fall in copper, therefore, affects them more eeiiously than it would under other
circumstances; and it may also be pointed out that the decision of the United States to build an Isthmian Canal practically destroys all hope of French investors ever getting
anything back of all the money they have spent on the Pan-
ama
Naturally, therefore, there
Canal.
and great stagnation
is
much
uneasiness
in Paris.
1339
Bombay. £10,000.
For the month of Nov"
France, £4!»,000; U. 8. A., £24,000; South America, £89,000; South Africa, £251,000. Shipments:
Sweden, £5O.o00; Germany, £207,000; France, £468,000; South
Aiii.rlta, £220.000.
Bilver— With America a less persistent seller, the Improvement made
further progress until 257 lrt d. «TM touched. At this price the East
Stopped onj Iuk and renewed American sales put the market down to
253 lfl d. We have again rallied to 257 16 d. on special orders and some
Eastern buylnj?. closing fairly steady. Forward ?B*i»d. The Indian
per 100 Tolahs. Kor the week— Arrivals: New York,
price Is Ks.
£321,000; Australia. £2,000; Chile, £ 13.000; We- 1 Indies. £9,000;
total, £345,000. Shipments: Bonibay,£25O.C00; Oaloutta, £22,500;
total, £272.600. For the month of November— Arrivals: Germany,
£4,000; France, £50,000; U. S. A.. £843 000. Shipments: Russia,
£20,000, Germany, £5,000; France, £141,000; China £196.000; East
tMl.X53.000.
ttuliuueiiUs:
emtur— Arrivals: (iermany,
£tt,<<00;
M%
Indies, £367.000.
Mexican Dollars—These coins remain an entirely nominal market
Shipments: Straits, £55,000.
The following shows the imports of cereal produoeinto the
Jnited Kingdom during the fourteen weeks of the season
lompared with previous seasons
IMPOSTS.
1901-02.
mp'ts Of Wheat, OWt.18,261,400
9,464,800
Barley
6,515.000
jats
566.800
t'eas
657,900
11,059,600
6,355,700
Beans
ndlanoorn
flour
1900-01.
21,475,900
7,474,300
6,740,500
814,530
624,940
14,030.700
6,247,300
1898-99.
15,881,300
1899-00.
17,429,400
5,713,300
5,268,000
1,042,900
503,300
17,335,400
6,083,300
9,i<83,300
4,497,170
651,570
737,240
12,724,400
6,369,630
Supplies available for consumption (exclusive of stocks on
September
1):
1900-01.
6,247,300
7,229,173
6,083,300
9,744,220
1898-99.
16,884,300
5,309,630
9,717,897
33,408,944 34,952,873
Total
27s. Od.
».ver.prloewheat,week.27s. Id.
28s. Od.
Average price, season. 26s. 4d.
33,256,920
30,971,827
1901-02.
1899-00.
Wheat Imported, owt.l 8,261,400 21,476,900 17,429,400
6,355,700
import* of flour
!ales of
home-grown. 8,791,844
25b.
26s.
7d.
3d.
27s.
27s.
7<L
Od.
The following shows the quantities of wheat, flour and
naize afloat to the United Kingdom:
Money continues in strong demand and is likely to remain
Lastwte/c.
1900.
This week.
1899.
so for the rest of the year. The great French banks have Wheat
2,265,000
1,815,000
1,405,000
qrs... 2,1 80,000
285,000
285,000
425,000
stopped buying sterling bills and probably will not increase Flour, equal to qrs... 255.000
605,000
1,030,000
845.000
qrs... 705,000
the balances they are employing here for some weeks. After «alze
the New Year sets in, however, they are almost sure to do
English Financial market*— Per Cable.
The French Government is raising immediately in
so.
The daily olosing quotations for securities, etc. at London
three per cent rentes the equivalent of the indemnity it is to
receive from China. The amount is 265 millions of francs, or are reported by cable as follows for the week ending Deo. 27.
£10,600,000 in sterling money. An equivalent amount of old
if on.
lues.
Bat.
Wed. T\ur$.
Frt.
lAjKDOX.
rente is being converted into annuitits taken by the savings
banks, and these annuities are to be redeemed by 66 half- ttlver, per eunoe
25i*
d. 25ia
25k
25%
94l 16
yearly instalments that is, in 33 years. The loan is to come Oonsols., new. 2 % p.ots. 94%
9315 16
94%
94S 16
943 16
9414
94
For account
out next Saturday, and the cash price is par. Until the
00-27%
fr'ohrente8(lnParls)fr. 00 4*i* 10080 1(0 25
operation is over the French banks do not wish to send more
74%
74%
76
74%
money from Paris. On the other hand, they are not with- Spanish 4s Mining
638
5 78
5%
5%
Inaoonda
80%
79%
81%
drawing any money which is at present abroad; and once itch. Top. & Santa Fe.. 8078
103ia
104
Preferred
103k 103%
Xmas is over the best-informed are convinced that the Baltimore Ohio
105ia
103
105
105
&
amount of French money employed in London will be
97
97
96%
973s
Preferred...
largely increased for the very sufficient reason that the pub- Janadlan Paolflo
116ia
116
116%
1163s
4838
48
47%
47%
Chesapeake & Ohio
•
lic is quite unwilling to engage in new enterprise, and conse•
03
24ia
24%
25
Ohioa. Great Western.. 24 8
quently that the money cannot be used profitably at home.
I68I4
167%
169%
Ohio. Mil. & St. Paul... 168k
In Germany the depression is practically as great as ever, Den. & Rio Gr.,com.... 44%
45
w
44%
44k
M
00
96ia
96%
96%
and the slow liquidation will have to go on for a considerable
do Preferred. 96%
Do
O
M
42
41%
42%
S
time. In Russia the crisis is very severe. Numerous fail- firie, common .......... 41ia
74%
74%
75%
1st preferred......... 74ia
ures are taking place.
rather large one is reported from
59ia
5914
5913
I
60%
2d preferred
W
w
Moscow. On the other hand, there has been a marked re- Illinois Central
142% 141k
142%
1421a
cc
rt
108%
109%
lOS's
covery in the Spanish exchange, and it is alleged that this Louisville & Nashville.. 109
O
25ia
25ia
2584
26
will be followed up by calling in a considerable amount of Merloan Central
9
14ia
14ia
14%
14%
Mexioan National
w
the bank notes now in circulation.
2614
26%
25%
26%
vio. Kan. & Tex., com..
u
w
51%
53%
54%
53%
Preferred
The India Council continues to sell its drafts well. It ofX
171
172
170%
w
fered for tender on Wednesday 60 lacs and the applications ST. Y. Oent'l & Hudson, 171
35i8
35»8
34%
Ontario & West'n 34%
were for 751 lacs at prices ranging from Is. 3 15-16d. to Is. ST. Y.
2
5714
57%
57%
58%
Sorfolk & Wee tern
w
4d. per rupee. The whole amount offered was allotted, and
94
93%
93%
Do
do
pref. 93%
102
102
102
a very small amount was sold later in the day by private Northern Paolflo, pref. 102
H
7584
75?8
76%
Pennsylvania...
76%
03
contract at Is. 4d. per rupee.
25in
25%
26%
Phila. ARead
25%
The following return shows the position of the Bank of 'Phlla. & Read.,lst pref. 41
41
42
41
M
30t5s
31%
•Phlla. & Read 2d pref. 80%
30%
England, the Bank rate of discount, the price of oonsols, &c
y
•
O
621%
62
southern Paolflo
62k
61%
1801.
1900.
1899.
1898.
34%
34
34%
iouth'n Railway, com.
333s
13
Dec. 11.
Dee. 18.
Dec. 13
Dec. 14
95%
96%
Preferred
95%
95k
X
X
X
*
Ctrottlatlon
105
106%
104%
89.212.185
Jnlon Paolflo
1053s
89,248.670
28,597,390
26.940 526
,
—
A
•
•
Publio deposit*
Other deposits
11,009,408
87,471.985
I7.47i.678
Government
securities
Other securities
Reserve of notes and ooln
7,9e6.>-6d
88,«>-4 009
19,(534 >1«3
81,108.333
25.237,8.i6
28.743,784
Coin & bullion. both departm'ts aa.l8U.9iy
Prop, reserve to liabilities.. p.o. 48 11-16
Bank rate
peroent.
Consols, 2% per cent
Olearlns-Honse returns
The rates
for
162,420,000
2tf.805.669
41«
4
92 5-16
25 5-lOd.
Bll ver
6,566,625
86.767,869
12.0H0.8H0
80 lf>l,552
18.0' 8.169
18,187,060
27,046,714
42«
139.683.000
money have been
Bank
3
Nov.
i
Months.
4
5%@8
1-16
Dec.
3«
3«®3 7-16
SX
3 9-18
Messrs. Pixley
December
Gold —On
12
the
8 9-16
&
Bills.
Mos.
4
Mos
3
8 7-16
8M 3M@*
4
3&@4
7-lH@3H 8*J@4
4
8%@8K
39i@4
4
3*«@3 9-16
4
4
Joint Dis'tB't
Stock At 7-14
Hanks Call Davt
8*
8«
8K
2H
2«
8*
894
8*4
2Vt
2H
2H
Abell write as follows under date of
fall In the cheque, Paris has been a good buyer of gold
the week and has readily absorbed all supplies. We expeot about
£250,000 from India and Australia on Monday. The only movement
of gold at the Bank of England during the week Is a withdrawal of
£20,000 for Malta and £20.000 to the Continent. For the week— Arrivals: Australia, £26,o00; Chile, £3,000; West Indies, £24,000; t
all
90%
91%
D. 8. Steel Corp., com..
do
pref..
Do
488s
9434
Wabash
22 84
436a
95i8
22?8
43i8
67 k
Preferred
Do
Do
*
preferred
42ia
"B"
66%
Deb.
91%
90%
48%
94%
22%
44
95%
28
43
43%
67%
68
Prloewer share.
138,08«,0O(
Interest allowtd
for deposits bi
Months
3
27 7-16d.
116, 768,000
Irade
Months.
80.9~8.879
as follows:
Bills.
5-16@3S^ 3 6-16@8^
20 M8.M64
U0«
ioim
87Md.
Open Market Rates
London.
10,989 685
27.212,86!*
60«
6
87 7-16
89 18-16d.
5,768,478
86.406396
fiommzx jcialatxd $$LiB£zllVLUZQn&%z\VB
Imports and Exports for the Week.— The following are
che imports at New York for the week ending for dry goods
Dec. 19 and for the week ending for general merchandise
Dec. 20; also totals since beginning first week January.
FOREIGN IMPORTS.
For week.
l>ry
1901.
Goods
1898.
12,452,296
8,591,045
$2,018,364
8,101,725
$2,558,252
8,873,454
$10,120,089
$11,431,706
$7,607,465
1(105,279,311 $111,179,904 $101,733,408
$89,909,657
328,588,137
fl.831,972
5,775,493
1.
Jry Goods
Sen'l mer'dlse
Total 51
1899.
911,043,341
3en'l mer'dlse
Total,
Since Jan.
1900.
441,026,620
409,634,647
404,661,488
weeks ^646,305,931 $520,814,551 $606,294,896 $418,497,744
THE CHRONICLE.
1310
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Dec. 23, and from January 1 to date.
EXPORTS rROM HBW TORK FOR THE W1M.
The imports of dry goods
in
For the week.
Prev. reported
$4,583,072
445,963,668
$10,476,012
517,764,487
§10,889,681
489,648,199
$7,248,404
455,457,468
Total 51 weeks $500,437,780 $528,280,499 i450.546.740 $462,705,872
Notb.— As the flirurflB of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also oomplled by the Custom House, we shall from
time to time adjust the totals by adding to or deduotlug from the
amount "previously reported."
The following table shows the exports and imports of
•peoie at the port of New York for the week ending Dec. 21
and since Jan. 1, 1901, and for the corresponding periods in
1900 and 1899.
XPOBTl AND IMPORTS OF
SPECIE AT
Since J an.
38,000
Indies.........
Bouth America
All other countries.
Total 1901
1,178,858
6,308
4,078
1,809,707
460,185
959,163
90,565
$10,386
$38,000 $51,187,747
142,000 47,660,904
8,999,200 32,582.655
Total 1899
$244,196
$
$1,764,851
33,100,370
13,277,221
842,422
53,868
1,034,515
1,114,500
$
84,742,674
10,606,137
14,169,270
8,825
84,279
Week.
265,751
21,250
5,100
Mexloo
Bouth Amerloa
Total 1901
Total 1900
Total 1899
1,703
86,405
2,600,126
596,725
38,461
S609.240 $47,133,954
1,531,185 52,477,904
1,591,289 45.965.578!
$38,108
27,757
52.865
$3,554,546
4,637,438
3,952,096
Merchandise Movement at New York. Customs Receipts
at New York.
Imports.
Exports.
1901.
1900.
1901.
t
45,647.767
43,259.8^8
$
49.652,629
$
46,167,415
t
1
42,762,562 14,890,369
I
14,810,889
89.721,2Hh
40,286.704
12.694,292
18.477,206
44,109,291
49,306.867
12.897.84S
13,922,229
April
48,793.416
49.684.388
43.983,408
66,961.691
45,025.244
43,839,197
May
49,098,343
44,480,441
46,762,499
44,721,056 12.604,738
45,642.462 18,288.207
11,891,931
10,763,633
47,425.588 11,280,362
42,929,965 14,152,847
46,833,311 13.160,786
11,827,791
13,435,973
12.466,410
11,798,166
40,193,826
36.878,932
41,165,951
July
47,093,078
40,233,198
44,004,877
August
44.900,646
38,637,723
September 40,178.987
Ootober
52,004,812
November.. 48,838,120
36,836,626
39,546.072
39,460.634
46,238,194
44,679.882
49,430,417
89,337,307
.
1900.
of gold
months have been as follows
48,717,498 18,001,053
49,241.496 15 711,474
42,448,433 12,847.233
and
Imports.
1901.
November..
t
814,747
299,628
314,548
175,679
201,439
816,147
600,063
711,668
638,744
1,389.423
548.843
Total...
6,480.721
'...
September..
Ootober....
1900.
r
13,414. .06
11,846,638
silver for the eleven
:
Gold Movement at Nbw York.
June
1901.
504.6fl«,270 48-<,0a«.S98 417,81 3.H74 494.279.02f' 146,469.203
133.149,870
The imports and exports
May
Commerce
Broadway
Mercantile
Paolflo
Chatham
Exports.
1900.
t
620.398
818,911
212,525
219,964
1901.
sii/vbh-nxw York
Imports.
1900.
Market* Fui "ton
Shoe A Leather.
Corn Exchange..
Oriental
Imp't'rs'ATrad.
Park
East River
Fourth
Central
Second
Ninth
First..............
N.Y.Nat'lExch.
Bowery
Ohase
Fifth Avenue ...
German Exoh...
Garfield
Firth
Bank of Metrop.
Foreign Trade of New York— Monthly Statement.— In
addition to the other tables given in this department, made
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the eleven months
of the last two seasons.
Janoary....
February..
Leather M'f'n..
Seventh Natlon'l
State of N. Y....
American Exoh.
Germanla
Of the above imports for the week in 1901, $8,115 were
American gold coin and $1,575 American silver coin. Of
the exports during the same time $38,000 were American
gold coin and $100 American silver coin.
MONTH.
Butoh.ADrov's'
Meoh.A Traders'
Greenwich
223
289 008
24,431
3,091
All other countries.
Total...
aallatln
$25,283
4,720
$
8,140
.
Chemical
Merchants' Ex..
German Amerl..
Since Jan. 1.
Week.
Since Jan. 1.
$604,140 $46,128,796
697,495
March
City
N. Y. County....
Importt.
Exporti.
Silver.
January...
February...
3,000,0 1,176,4
2,000,0 3,394.8
1,500,0 8,177,6
373,5
1,000,0
10,000,0 6,603,3
300,0 7,047,1
600,0
301,6
1,000,0 3,004,6
08,8
300,0
400,0
130.4
176,8
300,0
800,0
617.8
18,6
1,700,0
540,4
1,300,0
5.000,0 8,878,4
10,000,0 7,165,7
1,000,0 1,838,3
1,000,0 1,380,5
519,6
433,7
997,3
450,0
368,6
300,0
1,000,0 1,105,7
3.000,0 5.641,2
491,8
500,0
404,0
600,0
389,4
500,0
900,0 1,088,6
328,'2
1,000,0
1,400,0 1,863,0
416,4
300,0
1,500,0 3,224,9
3,000,0 4,080,0
183,0
350,0
8,000,0 3.016,6
601,7
1,000,0
300,0 1,062,0
60,0
750,0
10,000,0 11,354,4
330,9
600,0
350,0
769,9
698,4
300,0
410,8
760,0
1,000,0 2,688,0
1,424,1
100,0
6S8.7
300,0
836,3
300,0
300,0 1,037,9
1,204,8
1,000,0
375,7
300,0
800,0 1,153,7
451,0
300,0
500,0 1,037,4
3,100,0 2,648,6
540,7
300,0
776,7
600,0
430,8
1,000,0
669,8
250,0
430,9
860,0
382,5
500,0
Amerloa
Phenlx
Irving
1,
Exports.
1901.
1901.
Lincoln
West Side
seaboard.
Western
1st Nat., B'klyn.
Liberty
N. Y. Prod. Ex..
New-Amsterdam
As tor
Hide A Leather.
t
6,165,071
1
1,690,833
$
4,692,008
4.438.315
4,700.743
4,347,608
8,107,698
3,931,804
3,406.329
3.412,078
3,687,810
284.995
465,030
4,893.395
1,192,669
879.866
1,026,382
1.619.892
1.706,312
1.403,112
144.762
10,080,137
10,352.807
222,338
165,953
180,248
6,010.157
1,486.0)5
1,324.087
e87,404
2.246.381
1,020.058
473.828
17,613.691
1,299,621
102,863
4,800.887
4,719.031
38.476
101,641
816,78f
8,104,781
208,280
1,248,947
3,704,589
58.070
1,881,888
3,934,289
16,760,080
11,178,2701 49,771.876
7,968.998
47,634.102 13,367,482^ 43,283 335
•
12,400,1
12,820,0
19,177,6
4,621,0
110.427.0
33,768,0
6.018,9
8,681,6
1,261,7
2,891,0
883.8'
4,764,4,
6,306,1
6,177,4i
38,314,0
08,847,4
He-
3,855.0
8.334.0
2,178,1
3,431,0
3,078.6
029,0
24,767,0
4.007,9
783.3
1,002,1
261.7
460,0
104.0
1,541,8
865,8
280,0
5,098,0
7,617,5
8,632,1 1.107,0
14,330,4 3,141.1
314,9
2,850,6
591,4
5,807.0
127,4
2,098,0
11,391.0 1,084,4
45,998,7 9,580,3
633,6
4,332,0
6,080.5 1,185,5
300,5
3,483,6
837,1
6,014,7
042,1
3,786,1
33,136.0 8,784.0
173,8
2,081,0
23,336,0 8,006,0
48,318,0 12,158,0
188,0
1,289,7
20,884,3 2,872,7
10,716,0 1,727.0
9,334,0 1,634,0
11,8
380,7
73,886,1 10,393.6
4,381,0
657,4
400,0
3,383,0
044,0
3,880,8
3.252,2
530.8
40,904.8 10,920,1
8,878,9 3,213,3
309,4
2,220,9
413,1
8,046,6
18,388.8 1,888.4
7.338,8 1,498,9
3,385,8
389,9
7,480,6 1,586,0
3,704,0
379,0
11,802,0 2,041.0
35,548,2 7.960,9
4,210,0
471,0
6,478,3 1,156,4
4,245,1
767,6
7,418,3 1,108,8
4,219,0
751,3
2,762,1
484,1
Legal*
Deposits
urn
9
Specie.
•
P.O.
1.690,0 17,084,0 361
3,068.0 28,033,0 298
1,136,4 14,139.0 381
1,184,0 13,465.0 2« 4
3,582,1 31,002,8' 348
4,344.0 231
313,0
0,476,0 121,437,0, 35-7
3,625,2 33,279,6' 38-8
5.849.8 20-2026,0
7,003,0 27-8
912,8
1,624,8 22 7
86,3
3,501,0 330
360,0
133.1
708,7 308
5.252,7 83 4
105.9
4,730.3 31-6
100.0
4,064 8 168
801.6
1,308.0 22,305,0 28-3
6,998,4 57,484,2 286
5,874,8 350
860,7
1,065,4 16,025.8 255
3.6C1.7 31-6
434,9
6,847.9 20-3
843,8
3,017,7 280
748,9
1,101,0 10,789,0 198
5,418,6 62,195,7 387
4,511,0 361
502,7
0,028,4 347
809.0
8.021,3 215
451.6
0,394,0 300
813,0
4.146.9 22 8
303,4
3,361.0 37.008,0 226
2.110.0 38-1
423,0
1,104,0 30,042,0 331
69,781,0 20-5
8,699,0
1.538.1 378
225,1
3,251,0 30,003,9 34-7
1.341,0 13,988,0 330
1.173,0 10,837,0 36-2
30,9 788
17,1
2,176,3 09.002,8 20-7
4,080,9 35-9
400,6
3,646,0 21-6
308.0
4,311,2 23-5
371,0
3.134,2 35-3
286,0
1,943,5 49,562,0 258
9,877,7 256
310,1
3,635,8 305
870.0
4,689,0 18-1
487,1
1.708,3 15,422,8 23-9
7,431.7 26'4
387.1
2,848,0 33*4
210,8
8,605,0 340
470,8
2,801, C 24-8
343,0
1,393,0 13,859,0 347
3,501.0 41,440,4 25-4
4,328,0 25'5
633,0
6,279,6 261
425,0
4,216,2 36-3
345,8
8,801,0 30-8
1,271,1
4,130,8 33-3
211,1
2,082,2 29'4
130.6
88.622.7 1004190 857,005.4 1610488 70,760,6 904,096,3 >5'6
Total
Reports of Non Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Dec. 21, based on averages of the daily result.
We omit two ciphers t'00) in ml rase*.
BANKB.
Capi-
(00s omitted.)
tal.
Bur- Loans A
plus.
f OBK
Let. T. Deposit with
Net
<t B'k. Clear's
Other Deposits
.
Invest- Specie
ments.
NEW
i
Notes
Agent.
158,8
113,0
160.9
243,0
580,7
201,4
151,8
118,7
222,6
231,3
273.9
188,0
08,0
204,0
138,0
BksAc
CITY
Borough Of
Manhattan,
$
Colonial
t
t
100,0
300,0
100,0
100,0
200,0
200,0
250,0
200.U
200,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
100,0
200,0
100,0
200,0
100,0
100,0
1000,0
148,4
223,1
130,7
82,9
27,9
102,5
78,6
187,3
151,0
216,7
129,1
318,0
65,0
76,6
300,2
231,1
32,9
94,0
59,8
65,8
01,8
88,2
200,0
1896,6
50,8
2410,0 288,0
1572,8
04,8
1338,8
47,2
1367,8
21,8
1835,2 101,8
3230.8 122,7
1580,2
38,7
1634,8
23,4
2458,0 137,0
1068,8
16.2
4020,0 848.0
1368,0
84,6
1018,8
43,4
2098,8
47,3
1451,0
82,8
094,2
10.8
502,1
18,0
070,3
6,1
857,5
11.2
218,0
8,2
823,9
8,8
1201,8
08,7
150,0
100,0
300,0
100,0
Fifth Avenue...... 100,0
Kings County
160,0
Manufaot'rs' Nat'l. 252,0
Mechanics
500,0
Meoh's' A Traders' 100,0
Merchants'
100,0
Nassau National.. 300,0
National City
300,0
North Side
100,0
Peoples
100,0
Seventeenth Ward 100,0
Sprague National
200,0
Twenty-slxth W'd. 100,0
Union
100,0
Wallabout
100,0
127,0
186,2
180,5
38,2
77,4
62,2
485,7
359,8
187,0
047,6
582,4
144,8
120,1
78,6
248,8
66,8
83,8
01,2
1226,8
1036,8
1077,8
378,0
078,1
09 0.1
3829,8
8894,6
977.1
075.4
3573,0
2909,0
980,8
904,1
642,0
1100.0
555,1
657,4
811,0
35,0
100,0
08,4
88,4
667.8
701.8
400,0
250,0
260,0
300,0
110,0
126,0
842,0
008,6
808,0
248,0
482,7
110,0
•
Columbia
Eleventh Ward,..
Fourteenth Street
Ganaevoort
Hamilton
Mount Morris
Mutual
Nineteenth Ward.
,
,
Plaza
Riverside
State
Twelfth Ward
Twenty-third W'd.
Union Square
Yorkvllle
Washington
Fidelity
Varlok
Jefferson
Century
Wash'fftonHelghta
United National...
61.9
66.9
69,8
134,7
89,t
101,8
159,3
230,0
78,3
174,0
153.0
93,2
277,0
180,0
43,0
25,0
76.6
81,8
18,1
12,2
67,7
64.1
389,1
136.0
64,7
80.8
137.7
189,0
28,0
44,1
48,5
8,0
76,0
"8,"8
6,0
62,4
88,6
10,0
495,0
48,*8
10,"6
0,6
6,4
5,8
2010,0
2686,0
3234,2
1866,6
1356 8
1724,6
2757,8
1835,9
1862,8
2724,8
1100,1
4860,0
1756,0
1143,9
2794.8
1830,0
678,1
484,8
756,7
931,8
117,7
190,2
658,7
Boro'h of Brooklyn.
Bedford
Broadway
Brooklyn
Eighth Ward
.
1
8.174.E69
i
9
$
9
ol N. Y.... 3,000,0 3,218,1 18.182.0
Manhattan Co.. 3,050,0 3,106,4 32,795,0
Hanover
Since J an.
Week.
1.
Loans.
Bank
Oltliens'
Week.
Month.
Capital Surpiui
North Amerloa..
Importt.
Gold.
West
RANKS
People's
NEW TORK.
Exports.
flew York City Clearing House Banka.— Statement of
oondltlon for the week ending Dec. 21, based on average of
dally results.
We omit two ciphers (00 ) in all case*.
Merchants'
Heohanlos'
1898.
1899.
1900.
1901.
[Vol. LXXII1.
Borough of
Richmond.
of Staten Isl
lstNat.,8tatenIsl
Bank
27.1
8.3
2d3,0
49,2
43.8
41,6
100,0
11.8
28,8
84,7
17,0
18,8
57,9
23,4
111,7
172,6
146,8
46,0
04,5
06,2
884,4
278,8
70,8
03,2
503,0
413,0
40.7
37,6
06,0
186.6
00,8
02.4
31,7
27,6
82,8
31.9
20,0
85,0
115.0
16.6
661.S
687,1
250.4 1825,2
62,3 131.6
18,8 333,8
78
371,1
27.5 148.6
658,7
0497,7
1889,4
1131,9
1206,2
1878,4
870,7
14,1
23.7
68,0
14,7
81,1
S4.4
828,8
178,4
17,8
25,0
25,4
157,2
100,1
08.6
7,5
64,1
168,0
146,0
14,3
44,9
2t37,0
80,7
137.8
84,4
18,8
100,5
'"6.6
1.0
13,8
35,8
io,o
32,8
38,0
78,0
50,3
48,4
11.4
30,0
1.0
80,2
36,7
1314,2
1800,5
1065,6
847,6
621,8
722.6
3880,6
4233,1
989.4
708,8
3860,0
8377,0
906,5
928,1
507,4
1006,4
664,1
760,0
777,2
Other Cities.
1st Nat., Jer. City.
Hud. Co.
Nat., J.O.
3d Nat., Jer. City.
8d Nat., Jer. City.
1st Nat., Hoboken.
2d Nat., Hoboken.
4828,6 247,1
2273,6
74,2
1182.7
78,1
1086,1
50,6
2140,3 102,1
892.9
80,4
31,7
38,4
68,4
s'i.'i
18,8
4,4
Totals Dec. 21.. 9002,0 9661,5 73274,8 3378,5 4440.1 P481.8 3019,5 79541,7
Totals Dec. 14.. 9002,0 8400.1 78147.7 3410,0 4647,4 9778,7 1889,9 79884,8
Totals Dee.
7.. 9002,0 9400,1 78268,8 3418,8 4080,4 10276 9 2046,5 30684,5
December
THE CHRON1CLK.
28, 1901.]
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 inolude results for the nonmember
BANKS.
banks.
81.
Oirc'l'n. Clearing*
Legal*.
Depotiti.i
72.805.2
71.810.5
71,785,8
70,700,6
940. 088.B 81.976.0 13328488
W38,i-68,1 81.980.4 16408087
928,158,8 81.870,0 10820408
904,000.8 31.039,8 14681812
Specie.
8.405.0 330.891,0
8.401.0 319.216,0
8,527,0 318,997,0
5,884,0 139,087,0
5,801,0 143.1558
5,843,0 130.130.3
Phlla.*
Dec.
14..
81..
"
9,838.0 117.467,3
9,8*1.0 110,648.7
9,863.0 108,777,6
307,968,0
303.372,0
197,915,0
63,109,0
40.444.0
40,889,0
38,716,8 170,218,0
38,715.3 178.508.0
38.716.3 178,205.0
7..
••
~9~
9
67,833,9 187.788,0;14.858,0
57.038,0 180.773,0 15.843,0
67,032,9 100.380,0 16.805,0
7..
14..
•'
Portland. Me.
Philadelphia..
We omit two cipher* in all thete
*
Inolndlna for Boston and Philadelphia the Item " dne to other banks."
figure*.
Stock op Money in Country.— The following table
shows the general stock of money in the country as well as
the holdings by the Treasury, and the amount in circulation
on the dates given. The statement for Nov. 1, 1901, will be
found in the Chronicle of Nov. 30, 1901, page 1148; for that
of Dec. 1, 1900, see Dec. 15, 1900, page 1205.
Stock or Money Dec.
1.—.
r-Money in Circulation.-*
1001.
t Held in
Trrasury.
»
Gold ootn (luc.bul'n lu Treas.) 1.171,830,070 257,639,887
In the United
Dec. 1,
1001.
State*.
Dec.
•Gold certificates
Standard silver dollars
6*9,171.829
8,108,300
91,8«8,0rt4
•Silver certificates
Snbsld lary silver
Treasury notes of 1890
7.662,543
07,378
7,839,9*1
40,110,000
846.081,010
Dnlted States notes
$
June
633,001,740
2*8,208,349
73,210.737
417,862,192
84,176,421
40,012,622
339,341.006
8, '72
National bank notes
369,720,711
1,
1000.
t
851.363,074
8,357,637
624,702.013
2S1.240.34W
78,811.334
421,613,407
81,717,605
63,361,380
333.6HO.360
1,600,000
320,040,170
2,630,861,806 288,095,660 2.850,266.230 2,168,761,867
Total
Population of the United States Dec.
1,
1001, estimated at 78,824,000; circu-
Orleans..
John.N.B.
8t.
Figures Brought from Page 1370.—The
tatements below are prepared by us from figures oolleoted
by the New York Produce Exchange. The reoeipts at
Western lake and river ports for the week ending Dee. 21
and sinoe Aug. 1, for eaoh of the last three years have been:
Breadstuff's
at—
Whtat.
Flour.
OmU.
Corn.
Bmrley.
/<*«.
BbU.lOOlb* BtMh.eoibi BUJh.60Ib< Buth.Silbi Buih.tBlbt Bu.SBlh
266.178
456,583
244,800
16,876
.
556,783
34,200
118.100
26.040
146,680
36,453
132,000
1,873.028
....
198,760
160
23,090
113,421
6,400
41,660
..
18,940
80,604
87,868
184,798
....
60,616
06,012
886,440
17,700
St.
Louis
441.550
106.650
1,106,700
1,682.860
28.200
878,400
210,400
486,800
360,861
864,064
8,901,941
8,310,905
2,264,068
4.911,810
6,637,900
8.183.740
295.007
8,083.678
2,804,018
2.208,298
Minneapolis
Cleveland
20.001
1.140
17,142
183.465
7,209
Total week
i»«rl#»
buth.
0,600
34.008
18.500
6.868
1.105
1,004,951
.
Piei.
buiA.
lit*.
6uiV
fiu*h.
1
8.000
16.0J0
278,074
2i)2,l»*
41.691
56,694]
84.638 140,318
game time '00, .1,8*8.000 5.441.004 413.069 032,426
The destination of these exports for the week and
July 1, 1901, is as below:
flour.
,
Export* for
week and itnce
July 1 to—
Week
-Wheat.
1
Week
Since July
Dee. 21.
Since July
Dec. 21.
buth.
1,1901.
Jontlnenu
a C. America.
West Indies
Sr.N.Am. Colo's
)ther oonntrles
Total
Total 1000
ibli.
bbl*.
3K5.H17
f0,367
10,712
16.180
3,266
4.203
4.908,086
1.626,141
483,658
664.480
86.686
17Z.870
1.000.168
278.074
413.060
Omtea Kingdom
7,825.094
8,082,810
1/04,051
608,703
Wetk
-Oorn,Since July
1001.
buth.
87,12 <.661
47,866.18^
48,066
1001.
buth.
4.U0H.O38
1.626.144
484,668
1,
1,
50
183,230
1,828,060
564.464)
86.686
172,878
84,710,1*1
202,122
71.410,080 6,441,004
7,825.684
69,962,780
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Deo. 21, 1901, was as follows
Wheal.
Corn,
bus A.
Oats,
B»i,
Barley
01.1/;.
8,996,000
094,000
800 000
bu*h.
76.900
buth.
800,000
•oston
1,806,000
Philadelphia
Baltimore.
New Orleans
1.020000
642,000
138,000
415,000
In «tor« at—
lew York
Do
buth.
12,000
97,000
34 jUU
03,000
afloat
818.000
669,000
005,000
35,000
38.000
8.0-8.000
8,008.000
892,000
Glalveston* .,
Montreal.....
Toronto......
BnSalo.
Do
DO
afloat.
Toledo
1.000
115,000
9,000
'
11,000
194.000
880.000
857,000
691,000
027.0JU
222,000
806,000
22.000
68.000
69,000
87l.00e
181.000
1.000
'41,000
267.000
afloat
'
923.000
827.000
22.000
199,000
44.0*0
fl.671.04V
6,O05.OOu
1,(00.000
1,032,00"'
110,000
417,000
4C9,oov
85,Oi.O
162*000
77,000
01,000
isi'.bbo
lt.Wlll'm*Pt,Arthor 1,747,000
8,687,P"<Onluth
395,000
119,000
428,000
247,000
611,000
I4.8i7,uuv
8,316.000
.
847.000
072,000
481000
00.000
49,000
112,000
00,000
1,000
eos.oou
807,000
268,000
208,000
84,000
188,000
107,000
61,000
23.000
40,000
3,000
112,000
37.000
60,000
Total Dec. 21,1901.. 68,805,000
Total Dec. 14. 1901.. 60.350,000
Total Dec. 22, 1900.. 01,473000
Total Dec. 23, 1899. 58,878.000
T tal Deo. 24. 1898. 28.788.0*0
11,131.000
11,187,000
7,504,000
12,861,000
18,700,000
6,600,000
5,712.000
0,857.000
6,473,000
5,047.000
8,500,000
2,088,000
2,040,000
2.868.0OC
2.85*.000
2,012,000
4,144 000
letrolt.
Do
afloat.
Jkloago
Do
afloat
Milwaukee
Do
afloat
Do
afloat
Minneapolis
at Louis
Do
afloat
tansasClty
L716.000
?eoria
Indianapolis
in Mississippi River
)n canal and river.
Milwaukee
uali
68,671
47,185
2.371
24.746
76,8
6.855
12.K06
4»,eao
1
O00
)nLakes
•100,850.610.
£«<4<*EI
.flour.
bbl>
m»i/i.
77.216
7,100
Norfolk
Hewo'rt News 124.000
60.000
Jalveston
lation per capita, (28 73.
* For redemption of outstanding certificates an exact equivalent tn amount
of the appropriate kinds of money is held in the Treasury, and is not included
In the acoount of money held as assets of the Government.
+ This statement of money held In the Treasury as assets of the Government does not Include deposits of publlo money In national bank depositaries to the credit of the Treasurer of the United States, and amounting to
Corn.
1*1.072
140.100
288.172
162,000
i.
•
•Curr'cy cert. Act
Wneat.
Mmpgrt* /rem— btiiY
27H.301
Saw York
376.448
Boston
Hew
Loan*.
9
M. ¥.•
9
9
Not. 80.. 182.873,1 870,169.2 1781885
Deo. 7.. m.tm.i 881.552,0 1806307
14.. 182.813,6 870.878,0 1614688
" 21.. 184.041,7 867.005,4 1010488
Boa.*
Deo.
"
The exports from the several seaboard ports for the week
ending Dec. 21, 1901, are shown in the annexed statement
Baltimore
Capital <*
Surplui.
1341
Kansas Olty.
Tot.wk.1901
name wk. '00.
Same wk.*w.
138,086
88,800
18,141
6.244
88.780
24,280
8.182
... ...
128.821
48.760
8,500
853,421
964.663
011.607
803,041
116 956
.
.
Galveston, last week's stock
*
;
Sales.- By Messrs.
Bond8.
9 1.0P0 N. Y. City Dock 7s,
1902, MAN
103 & int
$1,000 N. Y. & S. B'klyn Fer.
& Tran.Co.lst 58,'08,M&N. 80
Auction
280,400
224,900
124,800
100,201
By
1.340 000
1,811,000
Adrian H. Mnller
& Son
:
Stocks.
5 Chemical Nat. Bank
119 1*
26 Lawyers' Title Ins. Co ..330
10 Intern'l Ocean Teleg.Co 330
30 Leather Mfrs. Nat.Bank.268i*
15 Morton Tr. Co .1195%-1196
22 Markets Fulton Nat. Bk. 260
100 United Verde Cop. Oo.$70p.sh,
£3,300 Duoktown8ul.,Oop.&
Iron Co. deb. 5a, J&J.. $10,000
$2,000 Southwestern Coal A
Imp. Co. 1st 6s, 1929
Ill
$4,000 N. Y. & 8. B'klyn Fer.
& Steam Transp'n Oo. ft a. 75
$V000Blo8S-Bhetfield4i«B... 81
$6,000 Carnegie Steel 5s... .113 7e
.
1,26-1.000
this week's not received.
12 Lawyers' Mtge, Ins.Oo..225
100Geor*e A. Fuller Construction Co., oom
45
.
45 Corn Exoh. Bank. 441 14-44519
4 Syr. Blflg.i; N. Y. BR.Oo.191
25 Ger.-A. R.E.Tlt.Guar.Oo. 89 >«
9,000
66,600
. .
Messrs. Riohard V. Harnett
&
Co.:
Bondi.
1 Membership New York Produoe Exchange
$70
$380 Coupons Mo. Kan. & Tex. By. Co. 2d M. honds, past due.. ..$100
$56,000 Col. Band. & Hook. BR. 1st 6s, 1900. with ooupon due
April, 1897, and subsequent coupons attached
6©
bine* iui. 1.
194)1
9,658,690 160,146.777 60,258,881 09,748.020
1900
8.373,063 128,781.692 84,983.208 74,456.760
8,514,897 120.865,060 06,161,369 78.387,074
Hanbiug and financial.
88,880.140 8.215,689
27,264.866 8,628,068
88,168.444 8.444.006
Spei cer
The receipts of flour and grain at the seaboard
the week ended Dec. 21, 1901, follow:
Flour,
Montreal..,
Philadelphia,
Baltimore
Richmond
Mew
Orleans',
Newport New*
Norfolk
Balveiton
buth.
98,975
88.7Z8
6,890
68.*30
69.288
4,i34
18,8^0
42,686
12,865
Boston,
Whtat,
bin.
Hinipf at—
KuwYork.
246,650
800,368
Me
Rt.Jonn. N.B„
Portland.
2,371
1,106
2,600
Pensacola
Total week
week
846.093
480,420
1000
27R,«87
144,478
17,420
61,000
124,000
ports for
27
Corn.
buiA.
Oeti.
buth.
188.000
36.483
8.200
181,489
201.950
47,182
13,010
861.500
166.022
28,893
47.764
80,014
43.610
88.63J
6c
Bar lit
buth.
8.000
4,516
'
7»0
Members N. T Stock Bxchanite.
Moffat
1,308,006
635.160
4,880,603
740.588
710,018
80.677
146,250
Wheat.
Corn.
Oats.
.
1901.
•••• .......
.
. .
Barley
Bye.....
Total grain.
1
,
1000.
1800.
21,467,164
21,843.000
bush. 16ft, 505,876
" 106,040,808
08,462,807
188.660,176
76,087,025
118,067,748
198,611,888
91,560,768
10.202,1.04
14,0S0,68'4
6,08 1.004
'
"
"
70.405,879
6,280,617
8,660,240
840,041.223
8,774,579
871,208.640
423,641,271
Offloa. 07 State St.,
W HITE,
Albany
Alexander M. Whttb
&
Members New York Stock Bxehange,
Jr.
BANKERS,
60.594
to Dec. 21 compare as
.bbls. 22,144,190
,
Branch
18,105
No.
Receipt* Of—
NEW TOBK
-
George Barclay Moffat.
1.892.095
Co.,
INVESTMENT SECURITIES-
7.9*4
1,030
86.900
181,972
8,000
Total reoeipts at ports from Jan,
follows for four years:
lour..
PINE STREET,
&
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
Mil A.
68,000
3,487
7.848
10.400
2,042
29
Trask
BANKERS,
1
NASSAU STREET,
1898.
21,423,626
188.243,141
lb9.-32.004
90,040,100
0,083,746
16,022,496
460.12L682
...
NEW YORK.
INVESTMENT SECURITIES.
Tracy & Co., Bankers,
No.
CHICAGO.
NSW
Street,
YORK.
Connected by private wire.
MILWAOKBB.
40 Wall
Dealers In High Grade Bonds.
List Jo/ Current Investment Oferlngs tent
if emhn™ New York Stock Bxchange.
memDers j ChlcaK0 8tO0k xc hanjie.
J
jjj
on Application.
Commission Ordera
Executed In all Markets.
THE CHRONICLE.
1342
lfBW
©a^jette.
iauluers'
of
^
Company.
(
KnllrniiilM (Htenm).
Alabama Great Southern,
Atlantic Coast Line, oom
A
prof.
4
&
Georgia
IltllHrialetfe 8.
Erie,
PlttHb.Cin. Chicago
do
do
Pitta. Ft. W.
do
no
Rich. Fred.
Texas
<fe
<fe
com
&
9
8t. L.,
com
1
pref
<to
com
A
15 Jan
1
to
Deo
Dec
div. obll....
3
Cincinnati Street Ry. (quar )
City Ry., Dayton, O., com. and pf. (qu.)
Cleveland Electric Ry. (quar.)
Consolidated Traction (Jersey City)...
Federal St. & Pleas. Val Pittsburg...
Hartford St. Ry. (quar.)
Heat. Mantua & Fair., Phlla., com
pref
do
do
do
Lehigh Val. Trac, Allontown, Pa. (qu )
Montville (Conn.) St. Ry
Norwich (Conn.) St. Ry
Wellesley <fe Boston St. Ry. (quar )
"Winchester Ave., N. Haven (quar.)...
lB
1
io
14
1
1
24
4
,
3
2
3
1
3
2
2
14
6
3*2
6
Brooklyn, Brooklyn
Chase National
Chatham National
4
(quar.)
4
4
4
10
Columbia
East River National
Eleventh Ward
First National
Fourth National
Garfield National (quar.)
34
German Exchange
6
3
10
Importers' & Traders' National
24
Kings Connty, Brooklyn
5
Manufacturers' National, Brooklyn....
5
Market <fe Fulton National
5
Mechanics', Rrooklyn
3
National Citizens'
7
National City, Brooklyn
160
New Amsterdam National
25
New York County National
,
North
Side, Brooklyn
Riverside (quar.)
Seaboard National
Second National
3
2
3
6
10
State
24
24
Union, Brooklyn
Wallabout, Brooklyn
TriiHt
Central (quar.)
Companies.
7
Dec 21
2
15 Jan
to
to
6
Jan 4
Jan 15
1
31 Jan 26
to
to
to
to
to
to
to
to
Dec 25
1
1|
Deo
1 Dec
6 Dec
15 Jan
2 Jan
2
'2
17
21
27
15
1
16
Jan
1
Dec
Jan
Jan
Jan
31
15
15
21
'2
9
10 Jan
5
to
Dec 19
Dec 19
9
9
to
to
Jan 10
Jan 2
Jan 2
1
to
Jan
to
to
to
to
to
to
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec 31
Jan 1
Jan 1
Jan 1
Jan 1
9
.
Dec 31 Dec 18
1
Jan
2
3
Jan
to
to
to
to
Jan
Jan
Jan
Jan
Jan
Dec 31
Jan 1
Jan 9
Jan 1
Jan 1
to
to
to
Jan
Jan
Jan
to
to
to
to
to
of rec.
to
to
1
1
2
10 Holders of
2 Holders of
reo.
rec.
14 Jan
14 Jan
1 34
pref. (quar.)..
Jan
14 Feb
Dec 27t
Dec 27t
16 Jan 3
2
2
|
I
*
Transfer books not closed.
1
to
to
231,809,400 Deo
226 024,076 Deo
Foreign Exchange.
50,300
— The
4,435,200
4,765,600
market
exchange
for foreign
has been quiet and slightly higher, with only a moderate
supply of bills.
To-day's actual rates of exchange were as follows: Bankers'
sixty days' sterling, 4 83^@4 83%
demand, 4 86%@4 86,%;
cables, 4 87 /|'@4 87%; prime commercial, sixty days, 4 82%(3
4 83; documentary commercial, sixty days, 4 82%r«;4 83%;
grain for payment, 4 83}4@4 83%; cotton for payment,
4 82^@4 82%;' cotton for acceptance, 4 82%@4 83.
Posted rates of leading bankers follow:
1
1
December 27
to
to
to
to
to
to
to
to
of rec.
to
®4 844
@4 83
®4 834
@6 18 34
Prime bankers' sterling bills on London. 4 84
Prime commercial
4 82*4
Documentary commercial
4 824
Paris bankers' (Franos)
6 1834 *
(guilders) bankers
39»5i 6 -a>
Frankfort or Bremen (reichm'ks) bankers 94">i6®
Amsterdam
Less
Dewwna
Sixty Days
®4 874
4 87
5
40
16V ®5 16 7e
404
« 964
40Si 4 -a
957i8
95
lis.
The following were the rates
of domestic exchange on
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 discount; Chicago. 30c. premium; St. Louis, par; San Francisco, 7%c. per §100 premium.
Unitpd States Bonds.— Government bonds nave been
very dull, the only sales being $3,000 of coupon 3s at 10s
and 108,%. The following are the daily quotations. (For
yearly range nee third pige following J:
New York
Interest
registered
2s, 1930
coupon
2s, 1930
2s, 1930 .smaJ-reglstered
coupon
2s, 1930 .small
registered
3s, 1918
coupon
8s, 1918
3s, 1918, small. registered
coupon
3s, 1918, smaU
registered
4s, 1907
coupon
4s, 1907
registered
4s, 1925
coupon
4s, 1925
registered
6s, 1904
com on
6s, 1904
•This
is
Dee.
Dec.
Periods
21
23
Q—Jan
Q —Jan
*108»4
;
l
Dec.
Dec.
Dec.
Dec.
24
25
26
27
*i08v*io8*8
*1094 *1094 *109%
Q—Feb *i.084 *i'084
Q—Feb *1084 *108»4
Q— Feb .....
Q— Feb 108 *108
Q—Jan *11134 *111»4
Q—Jan *112»4 *112»4
Q— Feb 1394 •1393s
Q— Feb *1394 139»g
Q— Feb 1074 *1074
Q— Feb *108 108
*ib"84
*108»8
*108
'11178
*11278
•1394
•1394
.
*109»8 *1093s
H
<
O
*i"084
*1084
o
M
;
J
109
108»s
*ib"8
*107i<
"107H
*108*8 -108'g
•ib*8"
*111*8 *111 76
*11278 •11278
*1394
•1394 *1394
*1074 •1074
*108 *1074
*189>*
the price bid at the morning board; no sale was made.
Jan 2
Jan 2
Jan 15
generally closing fractionally higher.
IS
Jan 16
2
Feb
Jan 16
14 Jan 15 Jan 7
1 34 Jan
15 Jan 3
24 Jan 2 Dec 28
2
Jan
9 Dec 28
14 Jan 8 Dec 27
&
34 Jan 31 Holders
24 Jan 1 Dec 15
14 Jan 1 Dec 15
24 Jan 16 Jan 1
4 Jan 10 Dec 29
N. Y. Mutual Gas Light
1*2 Jan 16 Holders
Y. & N. J. Telephone (quar.)
N.
1
(extra)
Jan 15 Holders
do
do
do
Railway Automatic Sales, com. (qu.).. 1 Dec 31 Holders
2
Dec 31 Holders
do
pref. (qu.).
do
do
Rhode Island Perk. Horseshoe, pf.(qn.) Ik Jan 15 Holders
12 Jan 15 Jan 10
Stetson (John B.), com
4
do
pref
Jan 16 Jan 10
do
Street's West. Stable Car L., com.(qu.) 50c. Jan 96 Jan 4
1
7 Dec 31
Jan
Union Carbide (quar.)
1 Holders
United States fcltge. & Trust (quar.)... 6 Jan
14 Jan 16 Jan 6
United States Printing (quar.)
2
Jan 16 Jan 4
Virginia-Carolina Chem., pref. (quar.).
Jan 20 Jan 11
Western Gas
3
(quar.)
pref. (quar.)
do
do
American Window Glass, com. (qnar.).
American Woolen, pref. (quar.)
Bliss (E. W.), com. (quar.)
pref. (quar.)
do
do
Central
S. Amer. Telegraph (qnar.).
General Electric, pref
Kodak, Ltd., com. (quar.)
do pref. (quar.)
do
Mexican Telegraph (quar.)
ino
State and Railroad Bonds.— No sales of State bonds have
occurred this week. In railroad bonds a good business has
been done, the sales averaging $2 650,000 (par value) per day.
All the active issues have been in good demand, prices pretty
Miscellaneous.
American
American Shipbuilding,
American Tobacco, com.
10,384,075
Legal reserve.
Deo 13,368,500
Deo 19,062,000
Dec 3,410,000
Dec 1,025,200
Jan 1
Dec 31
Dec 31
Jan
2
to
of rec.
to
to
to
Fire Insurance.
do
Surplus reserve
330.300
6,785.325 Inc
9.497,000
Notk.— aeturns of separate banks appear on page 1340.
tenders
Reserve held..
*
1
34 Jan
Chicle, com. (quar.)
do pref. (qnar.(
Ice, pref. (quar.)
195,483,000
185,098,936
Liegal
Dec 31
Jan 8
1
2 Dec 22
Jan
2 Dec 25
Jan
Jan
2 Dec 28
2 Dec 21
Jan
2 Dec 22
Jan
Jan
2 Dec 22
Jan
2 Dec 21
Jan
9 Holders
Jan
2 Dec 25
Dec 31! Dec 25
Jan
2 Dec 22
Jan
2 Dec 21
Jan
2
o Dec 24
Jan
Jan
2 Dec 25
Jan
2 Dec 28
_
Dec 31 Dec 29
Jan
2 Dec 25
Dec 31 Holders
Jan
2 Dec 24
2 Dec 18
Jan
Jan
2 Dec 28
2 Dec 27
Jan
Jan
2
Jan
2 Dec 7
2 Dec 22
Jan
Jan
2 Dec 22
People's, Brooklyn (monthly)
American
219.198,100
209,701,100
Circulation
Net deposit*
Speole
1
2
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
North American
Hamilton
S
83.622,700
100,419,000
867,006,400
31.929.300
904,096,300
161,048,800
7O,7CO,0O0
59,422,700
HO 980,200
673.316,900
16.996,900
740.395,700
143.963,100
51,619,900
Jan 14
llllllllN.
Bowery Bank
23
Dee.
;
2
&
Pow., pf.
(Ala.) R.V., Lt„
Capital Traction, Wash., D. C. (qu.)....
lym
»«
prJ'oZPveck
74,222,700
90.256 200
787,098,700
30.902 600
83«,HO4.400
169,041,000
60,157,100
"
Railways.
Birmingham
to
closed.
Jan 7
to
Jan 19
to
20 Jan" 4 "to" " Jan' 20
Jan 1
to
2 Dec 29
30 Holders of rec. Dec 27
rec* Dec 26
31 Holders of
Jan
1 34 Jan
Jan
4
24 Jan
Jan
3
Vermont Valley
Blngliamton (N.Y.l Ult
4
Sec 29
Jan 9
Jan 1
Jan 2
Jan 7
Jan 20
6
1 34
Central, com. and pref
(Street
Dec 22
7
20 Jan
Capital
Surplus
Loans <ft discounts
2
Chic, spec. guar, (quar.)
reg. guar, (quar.)
do
Pot.,
4
4
Not
1
1
2
3
Pennsylvania Company
&
20 Jan
i
Missouri Paolllc
Oregon KR. <fe Navigation, pref
PUllailolphla
22
:,
2
Dec 25
2
Jan
Jan
Jan
2
l
Jan
Jan
2
2\ Jan
Jan
4
(quar.)
1
2 Deo 29
l l4
Nortliern
<S>
•'•'"'
9
W
& Ranking
U\i.
Gila Valley Globe
.ran
1
Cln. Ham. <fc Dayton, pf. A. <ft B (qn.)-Cleve. Clnn. Chic. <fc St. L, pref. (qu.).
Cumberland Valley (quar.)
Dayton <fe Mtch., pref., guar. (quar.)...
WeHtern (quar.)
Delaware Lack.
-'
to
to
to
to
to
7
Differences
$
Book* Closed.
(Day* Inclusive.)
16 D<c
10 Jan
-m
Jan
2^
& Annapolis Short Line
Chattahoochee & <*\\\t
Detroit
Wfun
Payable
h
1
Bait.
D«
Dec
4
TORK CITT CLKAKIHO-HOUHE BANKS.
1901
21
IMVIDIMIS
Name
[Vol. LXXIII.
Feb
Fob
Jan
Jan
Dec
Dec
Jan
2
2
15
15
31
31
8
Jan 15
Jan 1
Jan 1
Jan 15
Jan 10
of rec. Jan 4
of rec. Jan
4
of rec. Dec 30
of rec. Dec 30
of rec. Jan 2
to
Jan 15
to
Jan 15
to
Jan 26
to
Jan 6
of rec. Dec 30
to
Jan 15
to
Jan 15
to
Jan 20
to
to
to
Correction.
WALL. STREET, FRIDAY. DEC. 27. 1901.-3 P. M.
The Money Market and Financial Situation.— Values on
the Stock Exchange have improved this week and the tone
Even the break in
is much better than for some time past.
Sugar stock early in the week did not suffice to check the
improving tendency.
Much regret is felt over the resignation of Mr. Gage as
Secretary of the Treasury. The appointment, however, of
Governor Shaw of Iowa as his successor gives general satis
faction.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2% to 9 per cent. To-day's rates on call were 6 to 9
per cent. Prime commercial paper quoted at 5@5% per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £2,327,585, and the percentage of reserve to liabilities was 40*60, against 45'07 last
week; the discount rate remains unchanged at 4 per cent.
The Bank of France shows a decrease of 800,000 francs
in gold and 1,275,000 francs in silver.
Railroad and Miscellaneous Stocks.— The market has been
gradually gaining strength, and a pretty general advance in
prices has occurred. The volume of business has also increased, particularly since the Christmas holiday on Wednesday. Early in the week the break in American Sugar
Refining stock (the price dropping to 103}^ on Tuesday
against 118% at the close last Friday) was a disturbin? feature. The break was occasioned by cuts in the price of sugar.
On Thursday, however, a recovery of 9 points occurred and
the close to-day was at 115% -only 3% points lower than
The upward reaction was occasioned by the
last Friday.
development of better trade conditions. The dealings in
this stock aggregated 705,085 shares, being nearly onequarter of the total transactions for the week.
Other strong features have been Manhattan Elevated,
which closes 3^ points higher than last Friday; Amalgamated Copper, which has risen 3j^ points; Hocking Valley,
which is up b% for common and 2 points for preferred, both
ex-dividend. The anthracite shares have all been strong.
Ontside Marfept.— The course of the outside market has
closely followed trading on tbe Stock Exchange this week,
dull on Saturday, Monday and Tuesday, and more active
and stronger after the holiday on Wednesday.
It
closes strong at about the highest prices of the week.
Standard Oil is up to 703, against 660 last week Friday;
Hackensack Meadows 50@49% against 47; Dominion Securi'ies 85^@86, ex dividend, against 87; American Can common 15% against 15^\ and preferred 57 L4 against 56. St.
Louis Ttansit closes a little lower at 33%, compared with
Mexican National 4s have sold well at 79L^@79)£ and
34V£.
the preferred stock has been active at 39@40, closing at 39%.
Northern Securities stock has ranged between 101% and
10234", closing at 102. New York Transportation sold between 12i£ and 13. The New Rapid Transit Subway
Operating Co. stock (par 100), which is to be exchanged for
Rapid Transit Subway Construction stock, was quoted
(when issued) at 115 bid. Coppt-r stocks end the week
at somewhat better prices, particularly Tennessee Copper,
which closes at 13)4, a 3-points advance, and White Knob
copper, which advanced from 17% to 19%.
New York
Stock Exchange— Stock Record, Daily, Weekly and Yearly
OC'CUI'YINU TWO I'W.I-
STOCKS— MJOtJlLST AND LOWEST BALK DUJCKS
Saturday
Mondat,
Dec. 23
Dec. 21
Wednesday
Tuesday
j
Thursday
''
Dee. 96
t
STOCKS
NEW YORK
Friday
87
~"
Sales of
the
S
Bang*
lur ).i.
.
:>uj
On basil 01 lOOt/iare
<(,r
J-rti
tout
w ayuuj
lot*
Week
BXCI1 A
Share*
ItOVWtt
Lowest
Hxuliest
Bep
10
40 4 J'ly
J/tytiest
25
Kiiilruuils.
•31
aa
•03 4 66
78»» 70
*034 66
100*4 101
101-', I09»j
1004101
1004102
32
77*g
32
loo.>,
:i
184
184
404
46*|
35 4 36\
75 34 764
*0''>a
I004
188
188
03<\j
'118
111
122 4
115
112
;
184 186
40 4 4i' nH
;!5 J4
35
76
76
4112 4
112 T«
80
180
230
152
•130
•185
230
152
138
187
'Ml
•104
34 4
-7634
404
404
35
76
•164
17
234 24
1024 92 4
87
189
205
1504152
149
•135
•185
160
140
193
130
137
187
•I64 17
1538
314
984
120
121
45
90
144 14 34
120
•36
•80
144 144
684 68»4
274 274
164
14»8
121
45
85
1434
574 574
•26 34 274
175 1764 17434 175 4 174 1744
•243 247
'242 247
•242 247
44>* 141
*43s4 444
94
94 »8
94 4 944
93 34 944
•49
•60
•38
154
883*
10>4
00
60
39
I6w
684 584
274 274
148
-60
•37
•49
•50
48
60
39
37
154 154
3734
38»4
38 34
IO4 -10
1034
•184 194 18*4 18 a4
404 41
40% 414
72 4
68
•67
•83
184
73
58s*
60
88
184
723s 72?8
58
58 „
•57
60
•83
88
1833*
84
67
1394
374
72
344 354
784 78»4
204 204
•444 464
84
138
•36
•71
36
78»4
'20
6934
130
355
85
10»4
194
3934 4038
71<4 72»8
57
58
67 00
•83
88
834
70
844 87
138 138
37
374 •36
470»4 7034
72
85
<
363 e
45
70
130
•66
•127
•345
85
1534
364 374
794
79
355
•14
•40
66
126
•345
1534
45
66
126
355
106
13334 135
162 163*e
40
40
•39
41
•904 924 •904 92 4
2434 25
24«b 25 4
14
•134 144
14
•140
• 100
175
108
145
39
88
39
90
2334
I334
244
IS 3*
176
36
91
924
26
26
•52
534
103°8 104*8
107
3434
90
•25
1074 •100
1074
•120
3534
122
35 4
354
91
26
524 624
102*8
1044
3434
904 904
•21042124 •21042124 4212 212
33*8 343g
34
344 334 34
56
664 56
664
663s 66»4
•91
9134
92
914 914 91
•994 9934 •994 993,
9934 9934
•74
•744 764 •74
77
76
49«8
79
8
503s
80
694 60
I
3
77
L0
M.u-
63,045
I
1
1,700 87
Muy
l.ooo 64 4 Jan
34Jan
8,426 146
4,600 28 .Muy
2,700 27 Muy
1,310 72 4 Jan
1
9
4
4
9
9
Dei
Apr
Apr
47 4 Sep
62
Nov29 02 Jan
1174May 7 84 \
89 Nov26 47 n„
116 Jan
62»8May 3 24 J 'i"
60 4 Apr 30 31 Oet
1
lJlO
M
9'.P 4
.
42»4
!«rc
.
42
4
.
1384 Jan 4
400 91 Jan a
60 1204Jan 3
10,12
16 Jan 3
60 90 J'ly27
560 75 MaylO
J
'J
•98
•77
104
82
147«8l484 1474147»«
•38
•38
40
40
•80
85
95
77
78
108 111
50
514 49»e 60S
80*8
80
804 80
5934 60»8
594 60
104
83
Muy
4 May
97 J 'or 6
7
ICt
88*8 Apr 22
-MarlO 122
,,
167
166 1674 1644166
48 34 494 •484 49
47<fe 49
118 34ll8»4 •1174120 • 1174120
•80
89
86
89
89
86
•98
•78
114
4
,
•25
26
52
53
102 41033s,
160
•98 104
•79
82
14734 1484
•38
40
•80
85
•
95
74" 75
•105 113
764
4Jaa
3
83 "b Feb 28
Dec
Jan
68 4 Jan
66 4 Jan
72 34 Jan
18<> B
,.
•834 864
853<
1064 1053s 106
1314 133
13341344
161416334 x 1594 1604
1064106'4
461
pr<-(
(".anudiau racilu;
J'ue 6
81
15o
200
80 '4
86
anada Southern
185 \ 189 (<n 1 nil of New Jersey...
46*4 4 7
ipeake cte Ohio
35 4
Chicago A Alton
764 76 34
i)<>
pre!
tChioago liurL <Js Qaiaoy.
135 Chicago <t Easl'n Illinois
136
138
Do prat
24
24% Chicago Great Western..
•91
924
Bo 4 p. o. debentures
88
Do 5 p. o. pref. "A"..
"48 4 484
Do 4 p. c. pref. "B"..
M
91
A
94
714
138 3
794
204
11341134
34
424 Jan 21
7o May 8
,
44
•
69*4
84
40
14
45
•125
•349
85
38
1844 18234 184
44
15»4
•14
•40
184
684 704
69»4
834 85
139
•36
•71
00
60
40
154 154
38
1034
14a"
i>ii
20
294
974 974
'35
70
80 4 Atcii. Topeka .t Bam
10 1% 102
D11
pre!
103 104S Baltimore <» 0)110
• 03
4
Da pref
65
60 4 Brooklyn Rapid Transit..
Buffalo Booh, it ritteb'g.
l.ooo
1,000
82,760
22,081
24,200
<fi>
•294 33
•80
1111
4 so
B24AprS0
N01 78 4 De<
199 7 „Apr30 11 4. a 11 114 Beo
139 Dec 5 88 Jan 109 Mar
186 Apr 18 119 4 Deo 126 Aug
0' B S' 1'
27 Novll
18 Dtc
234 24*8
9434 Marl6
J'ne 94 4 Deo
492 4 92 4
81
•84
90 4J'ne24 684Aug
Deo
88
47*8 48*8
Deo
8,700 41
Beo 9 66 Marl4 30 J'ue
49
60
494 &14 ChlO. lmtianap. & Loulsv. 16,800 23 J an 21 61 4 Beo 27 14 Jau 20 Apr
Deo
74 4 75
1,880 58 34 Jan 21 77»4Sepl6 454 Jan 64
75 4 764
Bo pref
1614 164«8 1644165 4 Chicago Milw. & St. Paul. 126,730 134 May 9 L88 Muy 6 1084J'He 1484 Deo
18U 190
19041904
1,295 176 May 9 200 May 3 109 4 Jau 187 4 Deo
Bo pref
204 4 204 4 205 200 Chicago <& North Western
800 1684Jan21 215 May 1 1504 J'ne 172 34 Deo
300 207 Mar 1 248 April 195 4 May 220 Deo
235 236
Bo pref
1504162 X151 151*8 Chic Bock Isl'd Pacific 4,250 116*8 Jan 4 175 4J'ne 6 102 J'ne 122 4 Deo
130 137 •130 137 Ohio. St. P. Minn. & Om.
126 Mar 2 146 34 Nov22 110 Oct 120 Nov
'186 197
•185 197
180 Mar29 201 April 172 Feb 175 Mar
Bo pref
•16
174 •15*4 16*8 Chicago Tenn'l Transfer.
700 104 Jan 19 31 Aprl6
84 Oct 14 34Deo
31
31
700 28 34 Dec 5 57 4 Apr 16 264 Oct 39 34 Apr
314
Bo pref
97 34 984
98
1,800 73 May 9 101 Nov 8 55 J'ue 70 Deo
983s Cleve. Cin. Chic & St. L.
•120 ....
115 34 Jan 12 124 Nov25 1034J'ne 118 Deo
Bo pref
•35
•35
46
45 Cleve. Lorain <& Wheel's.
27»8Jan 7 42 4 No v2 7 144Jan 30 Nov
•80
•80
85
86
400 67 Aug 7 80 Beo21 46 Jau 72 Apr
Bo pref
41434 1434
14*8 14»4 Colorado <& So., vot. trust
8 34 Beo
3,320
6 Sep
6\ J an 21 18 Apr 29
684 584 58 a4 69 4
Bo 1st pf. vot. tr. of s. 6,510 40 Jan 31 6934 Nov29 36 Sep 474 Mar
34Apr29
274 274 27»a 28 4
1,900 164 Jan
28
14 Sep 204 Mar
Bo 2d pf. vot. tr. ctfs.
174 4176 34 17534 177 4 Delaware* Hudson
185 4 Apr 3 106*9 Sap 344 Beo
12,400 105 May
247 2484 248 250 34
3,300 1884 Jan . 250 34 Bec27 171 4 Sep 94 34 Beo
elaw. Lack. & Wesfn.
43 34 444 Denver <ft Rio Grande
600 294Jan21 63 4 May 6 16*8 Jan 344 Beo
94
94 4
944 94%
2,635 80 Jan 21 1034J'nel4 64 4 J'ne 87 Beo
Bo pref
•49
•49
60
25 49 Nov 12 71 J'ne27
00 Benver <ft Southwestern.
-60
•50
00
60
69 J'ly 29 69 J'ly 29
Bo pref
•37
39
374 37 4 Des Moines & Ft. Bodge
200 18 Jan 30 46 J 'ne 5 12 J'ne 21 Beo
154 164 154 164 Betroit South. vot. tr. ctfs
600 l44Deoll 17 Beo 5
38
38
38
900 36 Bee 12 40*8.
„Bec 6
384
Bo pref. vot. tr. ctfs.
•104 1034 •lOS 1034 Bulnth So. Shore & Atl..
410
124J'ne 6
64 Mar
6 Jan
4 J'ne
•18
•194 1934
19
100 13»8Jan 8 22 4 Sep 30 12 J'ly 20 8 Nov
Bo pref
3
40'8 414 f?rie
39 4 40*8
57,240 244 May 9 464J'ne 4 104 Sep 27 4 Beo
72
73 1
734 7334 •Cjdo 1st pref
29,765 69 34 Jan 21 73*8 Nov25 303s Sep 634 Beo
67 34 58 34
58*8 593g
7,100 39 4 Jan 4 61 Mar21 15 Sep 434 Beo
Bo 2d pref
•68
46U
60
680 41 Jan 31 68 Apr 12 384 Oct 543s Mar
604 Evansv. & Terre Haute.
•83
'85
88
88
Bo pref
81 Jan . 05 April 74 Oct 944Apr
Ft. Worth&Den. C.stmp
17 Jan 18 36 Apr20 124Mar 20 Beo
183 4184% 184 1844 Great Northern, pref
6,000 1674 May 9 208 Mario 144 34 J'ne 1914 Beo
65 Jan 2 67 34 Febl4 534Mar 66 Beo
Green B. & W., deb. ctf.
8<\3Beo
94 94
9
136
9
Bo
deb. otf. B
74 Jan 28 114Apr22
54 Sep
71 34 764 x72
19,350 404 May 9 75 4Dec20 304 Jan 42*8 Beo
734 Hocking "Valley
87
884 a;85
10,373 6934 Jan 21 884 Dec 20 68 Jan 74% Beo
864
Bo pref
138 139
139 1393g Lllinois Central
2,660 124 May 9 15434 J'ne29 110 J'ne 132 34 Beo
•36
374 •36
374 owa Central
21 Jan 21 4334 j'ne21 11*8 Jan 273s Beo
•71
•71
72
71»4
12 48 Jan 21 874J'ly
Bo pref
39 Sep 58 Mar
37
394 394 40 Kanawha & Michigan
9,900 21 Jan 8 41 J'nel5 10 Jan 25 Beo
7934
79
7,060 774 Beo 16 804 Dec 27
C.Ft.S.<fcM.,tr. cts. pfd
79'a 804
•19 34 2034
204 2034 Kansas City So. vot. tr. .,
400 134 Jan 4 25 Apr 30
7 Sep 17 4 Apr
•4334 464
46
600 35 Jan 4 49 Apr30 27 4 Sep 433b Apr
454
Bo pref. vot. tr. ctfs
•14
1534 •14
1534 Keokuk & Bes Moines..,
6 Beo
5 34 Jan 3 184 Oct 2
3 4 May
•40
•40
45
45
Bo pref
24 Jan 2 454 Sep 30 144 Oct 23 Beo
•66
69
69
625 3934 Jan 21 764Nov25 20 4 Mar 52 Beo
694 Lake Erie <fe Western...
•126 130 •125 130
200 1084Jan21 1354 Sep 27 834 Feb 115 Beo
Bo pref
L. Shore & Mioh. South'n
4230 April 4355 Nov22 {197 Jan 4240 Beo
•834 864 86 4 86 34 Long Island
630 67 Jan 3 90 Deol8 474 Jan 89 May
3
105 41064 106 106 4 Louisville <& Nashville.
20.526 76 May 9 lll 34j'nel7 6834 Sep 89 4 Beo
132 34 1363s 1363b 138»b Manliattan Elevated... 148,305 83 May 9 146 Deo
84 J'ne 116*8 Beo
15841014 161 162
etropolitan Street
20,100 150 May 9 177 J'ne24 14334 Sep 182 Feb
-38 4 41
439 4 394 Met. West Side El. (Chic)
267 27 Jan 9 41 Nov22 244 Jan 37 4 Apr
•89
"89
91
91
Bo pref
794 Jan 16 93 Sep 18 76 Feb 84 4 Nov
244 24 34 244 25»b Mexican Central
14,700 1234 Jan 21 30 May 2 104 Jan 1738Beo
*1334 144
5 Mar
144 144 Mexican Nat'l tr. receipts
2«8Sep
300
3"s Jan 24 1540ct 12
Michigan Central
1074 Mar 4 180 Nov25 4104 Jan 115 J'ne
3 Jan 19 1114J'lyl9
107 1074 10741074 Minneapolis & St. Louis
454J'ne 714 Beo
600 67 4
120 122
10134 Jan 7 1244 Oct 23 874J'ue 1044 Nov
Bo pref
34<4 ^5
3534 36
400 15 May 9 364 Nov25 14 Sep 27 Apr
Minn. S. P. & S. S. Mane.
90
90
92
92
1,300 49 Apr 9 94 a4 Nov25 47 Nov 69 Apr
Bo pref
•254 26
2534 25 34 Mo. Kansas <fe Texas
Sep 174Beo
200 15 Jan 21 353s Apr 20
62*8 53
523, 53
Bo pref
1,350 37 May 9 68 s8 Aprl9 25°8Sep 474Beo
103 1053 b 105 4106 3 Missouri Paciiio
79,460 69 Jan 4 1244J'nel4 383s Jan 724 Beo
Morris & Essex
4191 4 Jan 8 1974 Apr 9 £lfc34 Jan 41»a4May
10541674 IOOJ4 108 NY'. Central & Hudson. 20,100 1393b Jan 21 1744Nov25 125»8 J'ne 1453b Beo
•484 49
484 494
Y. Chic. <fc St Louis..
3,500 16 May 9 57*8 Sep 28 11 J'ne 2 41-. Beo
115 120 •115 120
100 97 Mar 1 120 Sepl8 75 J'ne 110 Dec
Bo 1st pref
•86
90
88*8 89 4
Bo 2d pref
200 47 Mar 1 95 Sep 28 20 J'ue JS 1 ^ Deo
New York & Harlem
4409 Nov 7 120 Apr 1 400 May 420 J'ly
N. Y. Lack. & Western...
Feb21 4130 Jan 4135 Mar
4134 4 Jan 15 139
•210 212 4 '2104 212 4 N. Y. N. Haven & Hartf
25 42064 Feb 27 217 J'ne24 C2U73.J Sep 4215=4 Jan
5
3334 34 8
344 354 N. Y. Ontario & Western. 28,425 24 May 9 404 May 1 184 J'ne 32 4 Deo
664 50-4 50 34 57 Norfolk & Western
4,800 42 Jan 10 0138Nov25 22 s6 Jan 45 34 Deo
914 914 914 914
Do adjustment, pref.
325 82 Feb 15 924Nov22 07 Jan 53 Deo
Northern Paciiio By
77 4 Jan 21 700 .May 9 45 34 Sep 864 Beo
•994100
99 4 99*8
Do pref
600 844 Jan 1 1134 Muy 7 07 Sep 9 1 4 Beo
•74
*74
77
77
100 52 Feb 1 78 Deo 2 46 May 02 Nov
Paciiio Coast Co
•98 103
•98 102
Bo 1st pref
89 Feb 25 103 4 Dec 2 82 4 Sep 904 Beo
•78
80
82
80
Bo 2d pref
100 03 Jan 8 83 Nov29 57 Mux 09 4 Oct
3
147-4 148 4 1484 14934 Pennsylvania
37,737 37 Muy 9 1614Apr22 1243b Sep 149 4 Beo
40
40
40
40 Peoria & Eastern.
5 J'ue 18 Beo
200 14*8 Jan 22 50 Sep 27
•80
80 85 Pere Marquette
85
3334 Jan 9 94 Novl3 20 Jan 35 Beo
*
05
95
Bo pref
72 Jan 2 86 J'nel7 554 Jan 73 4 Beo
78
78
774 774 Pittsb. Cin. Chic <ft St L. 1,450 57 Jan 30 80 J'ue 7 4934 Sep 804 Jan
112 112
112 112
Bo pref
600 88 Jan 4 12 Dec 26 78 J'ue 94 Jan
604 51«8 514 53 Reading, vot'g tr. ctfs.. 267,600 244 J an 4 53 Beo 27 15 Sep 26 Beo
814 824
1st pref. vot tr. ctfs.. 45,050 05 May 9 82 4 Dec 27 49 Jan 71*8 Beo
803s 82
59*8 614
014 624 2d pref. vot'g tr. ctfs... 71.500 38 Jan 3 624 Dee 27 23*8 Sep 39 4 Beo
76
137
•84
1
Via"
80>«
'193
i'iii
•186
202
314 31
984 984 •98
124
46
80
•
189
206
233
81
•120
•30
80
''.'.'.'.'.'.
143
113
86
454 47
484 48 34
744 744
16341044 101 1634
'185
1224
1844
186
1
188
202
233
102
4984 83
i
1634164*B
lol'..
103
10134
86«e
•193
'19.
•134 4136 4 '1844136*4
•134 138
'134
138
23*8 244
23 *8 2431,
•90
'90
9
pa
87
87 H
874 87 4
4034 473^
47"b 48
4834 48 34
484 49
•74
76
74 4 "4*e
4
77
A Do Arbor
put
88
a
844 844
644 864
118
33
•
'<
764 77^
1004 loo's.
78',
94 34
94 «* 1M\
04 4 06 4
64^
•118 126
'110
122 4
14.->
•140 4 146
'141
•113'4 113»4 LIS 1 1 V
80^
04
I
91*4
8tf**
324
32
I
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
XEW YORK
Banks
Bid
Ask
Banks
Bid
Ask
Banks
Bid
Ask
Bid
Banks
Ask
Bonks
Bid
Irving
250
225
200
MtMorrls r .. 150
People'sH
14thStreetU. 165
Pbeuix
590
235
Jeffersonlf... 100
Mutual* ...
t US
190
American .. 525
500
... 300
Gallatin
Leather Mfr. 203 4
410 430
Nassau"
Plazal
190
t
Amer Exoh. 280
Columbian .. 340
Prod Exchlj 105
New Amster 1400
Gansevoortll 140
soo
Astor
700
Commerce... 360 870
Garheld
Kiverside*ii .. 225
900
500
New York Co 1500
Boweryn ... 300
Corn ExchTI. t4414 4454 German Ami 140
450
Seaboard
Nat Ex. 210
Manhattanl 320
Broadway..
East River.. 150
425
Second
075
German Ex" 33 5
York. .. 320 340
Market AFul 1200
New
Butch's & Br i'40
11th Wardll. 150
;li, new- 115
Germauia'i .. 500
Mechanios'
19th Wanll
160
290
Central
185 195
Emp'eStatel) 205
loo
Shoe <fc Leth. 1135
Greenwich 1 175
MeOb & Tra" 150
Ninth
CenturyTI... 165
Fidelityll .... 225
State",
250
Hamiltoull .. 100
2S5
500
175
North Amer. 286
Mercantile .. 2 05
Chase
700
Fifth Avell.. 3250
State of >, 1'
Hanover
090
175
Kxch. 150
160
Oriental*i
Chatham .... 330 360 Fiiio
300
Hide <& L'ath 150
Merchants'.. 190
205
12th WanVT,. iio""
Paoincl]
Chemical ..
4165
First (new)
t
770 780
23d Ward" .. 110
Imp <& Trad. 000 030 Metropolis 1j 050
Park
625 635
* Bid and asked prices no sales were made on this
day.
4 Less tutu loo snares,
Suite Oauks.
; E< 11 ; in.
a Ex dividend and rights,
t Sale at Stock Exchan ge or at auction this week.
sales for "oash" were made as high as 1000.
s Trust Co. oertltlcates.
U Stock "cornered"
CITY
Sid
Ask
Ask
CltUens'
City
Colonial U
.
175
NY
.
.
.
.
.
'
125
140
230"
Stock Record— Concluded— Page 2
1344
8TOCKB—HIGHEST AND LOWEST SALE PRICES
Saturday
l>tc. HI
Tuesday
Manila
lire. 98
if
Thursday
Wednesday
Dm. 25
M
Dm
I
NEW
STOCK
Shares
pref
<t <;. laL v. tr. ctf*
letpref. v.tr.ctin.
J,
12
13
69%
10
184
00
20
i:u
83
83
'.j
50%
78% 78%
27% 27%
09
60%
33
93
89
18%
BO
21
138
'»
69
61
33%
P3%
39
122%122%
19
19
•33% 35
108
108
164
161
101% 102%
89 %
69
22% 22%
42% 42%
18% 18%
50
•28
50
20
21
51
42% 42%
•190
200
06%
•2
•
67 %
8
15
30 %
13%
86
86
205
40
•200
40
27
27%
64%
63
•15
•40
20
61
81% 31%
89
80 %
•6% 6
•23
25
43% 48%
«96% 96%
02
•27
79% 78%
58
80%
6'.)%
32%
98%
88% 88%
1)2%
1)3
•121
108% 108%
108
•160
HH% 89%
22%
89
18%
50% 51%
29
200
•190
206
40
20
-16
61
»41
20
48
30%
64% 69%
30%
89%
5% 6
-6%
•23%
24
24
43% 43% 42%
96% 97
x95%
114
•95
115
97
6
20
43%
96%
'
212
•9% 10%
•90
*126
93
130
-206
•125
*132
215% •215
iss" -130
•125
ISO
16%
140
94
14
•ioz
'10
•90
-104
•10
94
108
14
3
135
8%
83
279
88
8%
33
282%
38%
95% 95%
20
•75
39% 'Texas & Pacific
1 bird Avenue (N. Y.)...
ToL St. L. & W. v. tr. ctfs.
34% 34%
Do pref. vot. tr. ctfs.
108 108% Twin City Rapid Transit.
Do pref
102% 103% Union Pacific.
Do pref
89% 90
22% 22% Wabash
Do pref...
42% 43%
18% 18% Wheeling
Lake Erie...
Do 1st pref
61% 51%
•29
Do 2dj>ref
31
20% 20% Wisconsin Cent. v. tr. cfs,
41% 42
Do pref. vot. tr. ctfs.
123
<fc
190
i-!-r
II :i
20
76
134
8%
33
94
94
283%
38% 39
20% 21%
75% 76
45
47%
87% 88
93%
•90
•104
10
43
108
14
7% 7%
45% 45%
47% 47%
•87
•90
103
•10
89
95
108
14
43%
Continental Tobacco, pref
Do
pref
General Eleotrio
Glucose Sugar Refining.
Do pref
International Paper....
Do pref
„..
International Power....
International Silver
Do pref
Internat'l Steam Pump..
Do pref
Laclede Gas (St. Louis).
Do pref
Manhattan Beach........
,_
National Salt
Do
160
161
94
145
164
156
{92% 92%
•92%
45%
46% 45% 45
100% 102
101% 102
40% 41
40% 41
{84
•212
*8%
•9
84
216
4
10
•16% 16%
€6% 66%
19% 19%
•70
29
•79
"4%
72
29
81
4%|
63% 64
•34
36%
•14
•72
•92
15
74
95
11% 11%
80% 80%
13
49
13
49
43
92%
83
*214
•3%
•9
84
217
66% 66%
19%
19
•69
217
•214
4%
11
72
100
40% 40%
•82% 83%
4%
•3%
•9
•9
11
72
•69
81
14% 14 7
,
74
95
82
•78
•4% 4%
62% 63%
74
96
4%
4%
61% 62%
•34
36%
15
•14
•72% 74%
95
95
11% 11%
80% 80%
{13% 13%
{80% 80%
•49
•48% 60%
52
42% 43
92% 93
11% 11%
13% 13%
41% 42%
91% P2%
•62
62%
122% 124
°190
800
91% 91%
157% 158
190
91
200
91%
158%165
190
90%
161
166
200
91
163%
168
11
9
North American
Co.,
new
Pacific Mail
eop. Gas-L.<fc C. (Chio.)
Pressed Steel Car
Do
Hiahett
M a)
Deo 11 88 .i'ih- 5
Jan 29
Deo L8
6,800 21%. an
66% Deo 19
75 .Ply 15 68 Maria
9,490 53 '(j.J an 4 70% J'nrl!)
440
16
-1
May
39% Apr 80
1)
41%. Ian 8
1,600
60,941
88,239
11,917
29
May
18
Jan
4,1.00
600 117
350 10%
620 28
970 65%
J'ne 5
J'ne 3
9
21
21
3
67%.Ian
23%.Ian
May
j'nelO
71
94%Nov27
52% May
i)
12!)%
3
Jan 9
Feb 10 25
5
8% Deo
38% May
ll%J'n<
Dec
21% Dec
8%.Vuc 24 %
7*
81
'i
I
»ec
Dee
Dec
.i'ih
8% J'ni- 18%D.-c
91% J'ne 46% Dee
45% Deo
23% Deo
J'ne 73% Deo
49%
18% J'ne 26% Deo
45% Mar 135%Jan
'„ May 22
May 8
May22
Jan 21 in!) Deo 18 01 %.)'ly 70% Deo
147 April) 80 Nov80 136 Jan 146 Dee
76 May 8 188 May 2 44% Jan 81% Dec
81% Jan 21 99% May 1 70% J'ne 85% Deo
11% Jan 3 26 J'ne 8
6% Mar 14 Deo
23% Jan 4 4)J%J'ne21 16 Sep 27 Deo
1 1 % Jan 3
22 J'ne 4
8 J'ne 13% Deo
45 May 9 00% Mar28 44%s. ip 58% Mar
24 Mav 9 38 Mar28 21%J'ne 33% Mar
14%Jan21 26 J'nel7 10 Sep 20% Apr
38% Jan 17 49% Apr 17 30 Sep 57 Apr
1
175,740
4,065
12,100
21,800
900
900
534
3,140
1,332
pref
Pullman Company
Nov
Nov
8% Apr23
35
35
89
Apr 22
J'nel4
J'ly
2
12% Jan 25% Nov
57%J'ne 72 Deo
J'ne 37% Apr
88% Sep 100 Apr
210 Novl9 !142 Mar 191 Deo
45 Nov25
41% Mario 27% J'ne 49% Apr
77% Mar22 60%J'ne 78% Feb
30% J'ly 9
6 Nov 16% Feb
66 J'ly 9 34% Dec 60 Feb
35%j'nel7
91% Jan 8
30
33%Novl9
91%Novl9
8
30
69
J'ne20
J'ne25
Apr20
104%J'ne20
3 J'ne
7% Jan
18% J'ne 31 % Jan
34% J'ne 56% Dee
85 J'ne 99 Nov
49% J'ne
90
153
130
100
150
8
J'nel4
J'ne 3 95% Mar 149 Deo
J'ly 19 107
Mar 118 J'ly
Aprl3 {87 Sep { 98% Jan
May 140 Feb
J'ly 12 128
13% Marl5 21% Jan 2 21% Dec 22% Deo
Mar22 82% J'ly 1 76 Deo 76% Deo
14,000 28% Dec 23 54%Aprl6 37% J'ne 54% Apr
175 Jan 18 228 Apr 15 140 Jan 183 Deo
6%J'ne 16% Jan
8% Jan 19 14% Marl9
2,100 41% Jan 21 136%J'nel" 29% Sep 56% Deo
116 Marl9 142% Apr 29 117 Oct 131%Jan
11200 12% Oct 23 25%J'nel7 ll%J'ne 21 Apr
6,100 187 Jan 18 238 Apr 16 164 Sep 201 Nov
700 93% Jan 2 124 J'nelO 70 Mey 95 Nov
400 127% Oct 10 152%Aug29
"To'o
770 70
1,310
1,901
2,451
2,255
6% Oct
14
10%J'nel8
23% Sep 13 34% Nov 9
183% Jan 10 289% Deo 6
37 Oct 24 65 May
612 93% Mar 5 107 Aug
2,000 18%MaylO 28 Mar22
750 69 Jan 21 81% Sep 10
600 54% Jan 2 100%May31
250
5% Feb 7
324 33 Apr 25
200 24% Jan 22
430 74 Jan 24
70 Jan 18
95 Jan 21
8 Oct 12
200 37 Jan 21
100 92 Jan 2
11
61
49
89
Jan 5
Deo 4
Novl9
Oct 16
95% J'ly 8
106%Novl2
22 Apr lb
46 May 3
103%Novl8
120
30
1,700
13,686
6,545
3,160
15
Jan 200
May
Dec
14% Mar
58 Mar
44
60
92
103
Deo
Not
Nov
26% Nov
75 Nov
24 J'ne 55% Deo
Aug 10% Jan
3%
65
Dec 29% Deo
Dec 77% Deo
May 80 Jan
96
Jan 100
28
76
6% Jan
23
J'ne
79% J'ne
15% Aug
83 Aug
32% Oct
69% Oct
Marl4 25%J'nel2
74% Deo 24 93%J'nel3
23 Oct 3 50 Mar21
61% Oct 1
84 Mar21
1,960 133 J'ly 15 175 Apr26 112
2,600
2,215
316
Quicksilver Mining....
11
Do pref
15% Republic Iron & Steel
68%
Do pref
*202 Dec24 111 Jar {150
130 J'nel7 89% Dec 99%
Jan
18% May
40% Nov
Feb
28% Feb
96
106% Feb
Nov
76% Nov
Nov
46
Sep 175
73%Febl4 109 J'nelS
30% May 9 49%Novll
95% Jan 21
Mar 7
72% Mar 6
195% Jan 21
1% Apr 22
7 Mar20
11% Sep 13
55% Jan 21
18 Dec26
65 Dec 13
19% Feb 5
65% Jan 22
3% Mar 6
49% Mar 7
30
25% J'ne 57 Nov
81% Oct lll%Apr
32% Sep 58% Jan
89 Apr 29 70% Sep 89% Nov
225 Oct 17 176 J'ne 204 Deo
%Aug 2% Mar
5%May31
12%May27
7% Oct 10%Mar
24 J'nel7
8% J'ne 27% Feb
82 Apr
49 Aug 70% Feb
38% May
90 May
41% Apr
17% Oct 26 Nov
86% Apr
59% J'ne 71 Nov
J'nelS
8%
4% Mar 10% Jan
120%J'ne21
52 Jan 2
15% 16% 15%
2,500
66% 67% 67%
3,300
18
18% Rubber Goods Mfg
18% 18
3,633
68
67% 67% 68
Do pref
464
•29% 31
•29% 30% SlossSheffleld St. & Iron
200
79 81
•79
81
Do pref
•4% 4% •4% 4% Standard Rope & Twine..
100
63
63% 63% 64 Tenn. Coal, Iron & RR... 8,300
76%J'nel8 49 Oct 104 Feb
•84
36% Texas Pacific Land Trust
19 Jan 18 42 Apr 20 13%J'ne 21% Deo
86% 34
14 15 Union Bag & Paper...
•14
15
'Too 12 Aprl2 19%J'nel7 10 J'ne 26 Feb
73% 74% •73% 75
Do pref
800 65 April 75% Deo 4 56% May 77% Feb
95% 95% •92
96 United States Express.
325 {63 Jan 26 100 Apr 19 {45 Mar {69% Deo
11% 11%
11% 12% United States Leather.
7% May 9 16% May 2
7% J'ne 19 Jan
8,945
80% 81
81% 81%
Do pref
1,350 69% May 9 83% Aug28 65 J'ne 79% Nov
13 14 United States Rubber..
•13
14
12% Oct 4 34 Jan 2 21 J'ly 44 Jan
455
•49
•48% 60%
62
Do pref
135 47 Oct 4 85 Jan 2 74% Dec 104% Jan
42
42% 423« 43% United States Steel
94,100 24 May 9 55 Apr 30
93
92% 93
93%
Do pref
38,342 69 May 9 101%Apr30
_
63
63
62% 63% Virginia-Carolina Chem
3,800 51 J'lyl2 72 Mar30
123 124
Do pref
800 116 Apr 26 125 Aug30
•190 200
190 200 Wells, Fargo & Co...
{130 Jan 11 199 Deo 4 120 J'ne 140 Dee
90% 91% 91
91%
est'n Union Tele'gpli
7,170 81 Jan 21 100% May 6 77% J'ne 88% Jan
164 180
176 179 West'gh'seEl&Mfgassen 10,785 146 Nov26 180 Dec26
175 178
185 187
Do lstpref
425 157 Nov27 187 Dec27
15% 15%
66% 67
18% 19%
29% 29% •29% 81
•78
pref
156% 168%158% New York Air Brake
•92
•92% 94
94
44% 45% 45% 46
101% 101% 102%
38% 40
88% 39%
82% 83% 82% 83
216% 215% 216% 218%
>3%
4% •3% 4%
•92% P4
•44% 46
99% 100%
')
17
Express
malgamated Copper
43% 44 National Biscuit........
•102% 104
103% 103%
Do pref
15
16% 16% 16% National Lead
76% 77
77% 78
Do pref
-43% 43%
•48% 4334
•102% 104 102% 103 •102% 104
16% 16% 15
•16% 18
16%
77
79
74% 76%
80
81
Lovttt
NOT 7
10% J'ne 8
78%J'ne25
12
iii-oii s.
134% Diamond Match
8% Distilling Co of America.
S3
283
Ifriou*
( i:n><)>
81
2% American Bicycle
15
Do pref
30
30% American Car & Foundry
Do pref
86% 86%
S3
33% American Cotton Oil
•86% 88
Do pref
114
I
i
Adams
200
2%
88% 88%
45
94
108
14
"43% 43%
Southwestern..
80
123
700
800
OCI
26 {145 Jan 8
248,210 60%Deol7
100
1% Sep 25
10 Sep 30
29% 30%
6,230 19 Jan 21
86% 86%
8,310 67 Jan 19
32% 32%
4,675 24% Mar 9
87% 87%
400 85 Apr 10
205 205
204 204 American Express.. ...__
700 {169 Jan 12
39% 40% •39% 40% American Grass Twine ..
630 39% Dec 16
29% 31 %J 81
31% American Ice
22,290 25% Oct 2
68% 69
69
Do pref
69%
3,726 62 Oct 10
•16
•15
20 American Linseed
20
5% Jan 24
•42
•43
50
Do pref
01
31 Jan 24
30% 31% 31% 31% American Locomotive... 10,600 22%Augl3
89% 90% 90
90%
Do pref
3,904 83% Oct 4
•5% 6
6 American Malting
4% Feb 4
23 24
•23
24
Do pref
300 22% Deo 19
41% 48% 43% 44% Amer. Smelt'g & Refln'g. 25,805 38% Oct 7
95
96
95% 97%
Do pref
1,985 88 Feb 26
American Snuff.
26 Marl9
87
87
Do pref
200 73 Apr 17
103% 103% 111%117% American Sugar Refining 706,085 103% Deo 24
114 114% {114% 114%
Do pref
1,685 111 Deo24
96 •
96 American Tel'gh <fe Cable
100 {94 Jan 7
American Tobacco pref
137 Jan 2
•182
8
•8% 8% 28
8
8%
33%
82% 32% 32% 32% •32
281 283
281 281
279%281
-39
38%
39% {38% 38% 87
94% 94% •94% 97
-94% 97
•20
20
20% 19% 20
21
•76% 76
75% 75% 75% 75%
88% 88% •88 89% 88% 88%
•7
8%
7% 7%
•30
44% 44% 44%
•47
47
47%
47% 47
•87
88
88% •88
89
89
•92
•103
*10
St. I.oiiIh
55
1
6H%
Do prof
60% 01% Southern Pacific Co
33% Southern voting tr. oils..
Do pref. vot. tr. ctfs.
98% 94
114% 114% 114
133
133
]Ht pref
pref
<fe
216
213
Do 2d
<fe
130
16% •15
216
J)o
74
28
Adirondack.
Louledr Sun Fran...
16% 16% American Woolen
80% 80%
Do pref
31
32% Anaconda Copper
•203 212 •205 212 Brooklyn Union Gas.
•9% 10% •&% 10%
runs w. Dock C.Imp't
88% 88% 88
83% Colorado Fuel & Iron.
•125 130 *125 130
Do pref
16
17
16% 17 CoL & Hock. Coal Iron.
214 215% 216%217% Consolidated Gas (N. Y.).
212
•206
78%
&
Ml
•27
Law.
st.
si.
80% 80%
29% 31
'9% 10%
89% 90% 387% 88%
15% 16% •16
215
213
pref. v. tr. <lfn.
16% 16%
•16% 16% •16% 16% '16% 18
79% 79% 880% 80% 80% 80%
29
28% 29%
29% 23% 29
•206
2<t
2,755
1,020
6%
113
95
111
96
•28% 24%
133% 134
06%
.i.
Do
Do
,
31
90
85%
116%118% 109%il5% 103%108%
lie
97
i>
11 hi he Sl
ml.
Nov 4
7%. I.-in 21
,
8Bi«
•116
*96
200
•2
29% 29%
85% 86%
82
82%
•86
87%
31% 31%
89 % 89%
bt
13%
83
.
66% 69% *67% 71%
8
13
201
40
27
•18%
H
202
•
86% 80 %i
•16
•40
•40% 41
65% 68
13
18
62% 52%
29
80 %
20% 20%
28
•2
205
18
18%
62
$202
3
108
42% 42%
42
20% 20
40% 40%
65% 66%
•39% 40%
27
27%
63% 64%
123
100% 102%
80% 89%
22 % 22%
89%
22%
62
{28
20% 20%
41% 41%
•200
108
108
160
88%
21%
41%
18%
42 Hi
•2
198
128
100% 101%
101% 102^
•190
92% 98%
88% 88%
18% 1«%
34% 31%
150
•28
89',
32% 83%
1)3%
38% 88%
123 128
19
19
•33 Hi 36
42
•18
69
80
D9
:\:v\
89%
88
82% 88
73%
28% 98%
27% 27%
28
•08% 69%
80
60%
26
I88«i
66
84
»8I
73?,
18V
89
188%
06%
65
.
73%
19
69
•23
93% 23%
133% 183%
H.J Hi
"29% 80%
86
86% 86% 86%
82% 38% 32% S3
80 %
I8«i
89
I
1
82
SB
183
on
97
Etui land,
61)
ll:r
Year
Week,
EXOJIA
I
Dm. V7
;v.
Ramie lor Year 1 ill11
Sales ol
(n\ bams o/ 100-share lots
Hir
STOCKS
YOI'.K
LVol. LXXIII.
I
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Bank*
it w Toauc
Bid Ask
CTTY
Union SqU... 300
VarickH
225
Washingt'nV 200
Wash.H'htsU 200
Weet SldeU 600
Weetern
610 636
TorkvUlefl .. 240
Banks
Sid
Ask
Brooklynll .. 120
8th Wardfi ..
5th Avenue]} ibo*
Manufaotrs'
296
130
286
Mechanics fl
217%
First
Kings
Meoh
Coll..
Banks
Bid
BBOOKXTN
BBOOKLYH
85
110
300
People'sH
206
17th WardU. 130
Sprague
200
26th WardlJ. 140
UnionD
140
Wallaboutl] 106
Trust Co's Bid Ask Trust Co's
MortonTrust 1195% tI196
BBOOKl.rN'
Bid
Central Tr'st 1875 1950 N Y Lif edbTr 1300 1375
Brooklyn Tr 425
NYSec<feTr 1150
City Trust... 375 390
Flatbush.... 170
North Amer. 265 275
Colonial
350
213
Franklin
315
Real Est Tr't 350
Continental 450
Hamilton.... 302
Farm Lo<feTr 1400 1600 StandardTr't 405
160
Kings Co.... 410
Tr Co of Am. 270 276
Fifth Ave Tr 1000
Union Trust 1390 1410 LIslL&Tr. 276
Guaranty Tr 725
USMtg&Tr 425 460 Manufaot'rs. 300
Knick *rb'k'r 725
Nassau...... 211
Manhattan .. 485
Unit States 1690
People's
850
Washington. 420 450
Mercantile .. 975
Williamsb'g. 209
Merchants'.. 350
290
Metropolitan 525
100 shares.
1 Banks marked with a paragraph d) are State
t Ex rights.
Ask
Trust Co's Bid
C'lR'tyB&Tr 515
Trust Cos.
Trail 800
Merchants'. 100
UOOKLT*
H. T. CITY
Nassau
860
BedfordU .... 220
Atlantic Tr.. 280
Nat City.... 290
Breed wayH 260
North SideH 180
Bowl'gGreen 188
• Bid and asked prices; no sales were made on this day.
{ Less than
i Bala at Stock Exohanire or
at auction this week.
s Trust Co. certificate*.
«.
<£>
Ask
|540
Ask
330
310
890
220
2*11*""
New York
Stock
Exchange— Bond
urci r\
BONDS
BTOOK Mil \
Wkkk Ending Di o.
H. Y.
I
HVi-fr'*
\<.
27
V S2s oonsol
1
ooupon ...d L930
S 2s consol reg .small. .1/ L030
8 2a oonaol ooupsuiall.d
red
\1S3»
V S3» ooupon
«J
V
V
V
U
TJ
V
V
8
8
8
8
8
8
8
8
<<>
i
<4
1.
V
ooupon
U-J
regis)
tf-F
ooupon
BONDS
/.
UUI
l
Jiii/h
Q-F
19V
109
L08
Ul',1
139 Hi Ho
139 4 140
L904 U-F
lc
1904 U-F
107
*-j
MS
4'
<
I hete
stale Securities
Alabama olas* A 4 two
1906
1900
1906
Currency funding 4s
1920
Dist of Columbia 300s
1924
Louisiana HOW consul 4s. .1914
Small
tdissouri funding.... 1894-1995
jVorth Carolina consul 4s. 1910
6s
1919
1933
OaroUua 4 4s 20-40
fi>
enn new settlement 3s. .1913
Small
Virginia fund debt 2-38...1991
Begistered
Class Has
Class O 48
l'JV
11241134
CUUpUU
....
Am
....
tit of
Nov'01
Deo'01
113 Deo'01
1394 Nov'01
108
1
1
J-J
F-A
J-J
lOglMHj
11
112
137
107
108V
91
four
tie
lists
120
98Hi 07
96
100>4,
98 s«
a
93
liar.
974
£
103 Hi
109
126
100 Hi 109
Mar'00
Deo'01
Oot '01
Nov'01
IO6H1
1364
96 4 99»4
944 96
93 4 98 34
Aug'Ol
7Hi
1 1 1 t„
109Hi
102
109
126
136HiJ'ly'01
.
l;i05„
0/ *6 to
106
135
J-J
J-J
J-J
J-J
J-J
97
96
Hi
do
96
to
108
134
39 >,
107UH3H
92»«Dec'01
A-O
.
;
1
1367e
110
I
lOeHiNov'Ol
1204
6s deferred oertfs
74
10»4
KiUlroad
Alabama Cent
See So K v
See Sav Fla &
Albany ASusa See Del& 11 ud
Allegheny Valley SesPenu KK
Alleg A West See Bull it & P
W
labu Midi
Am Dock Aim
Ann Arbor
Atoh I
<&
SesCentofNJ
1st g 4s
A1995 Q-J
8 Fe gen g 4s.. .1995 A-O
Begistered
1998 A-O
.
Adjustment g
/il995
4s..
Begistered....
Stamped
Equip tr series
hi 995
/il995
A g 6s.. .1902
Nov
Nov
Nov
1
97
95 101
103 Hs 130 101T8 105Hl
102 Nov'01
101 »4 104
94'« 04 H»
94<% 42 8G 34 99
92 Deo'01
95
92
94
94 Hi 101 90
06»4
97 Sale
103H,SaJe
94 Ht
97
102»4
J-J
ChioA St L1111U 1st Us.. 1015 M-S 115H>
Atl Knox <ft Nor 1st g5s.. 1940 J-D 109 112
Atlanta A Danv See South Ity
Atlanta A Yadk See South Ry
IO8H1 Deo'01
108
109
W
See Sou Pacilic
tustin A N
)at Creek <& 8 See Mich Cent
>alt & Ohio prior 1 g 3 His. 1925 J-J
Begistered
A 025 Q-J
1
M948
Begistered
Conv deb 4s
1911
PJun&M DiTlstg3H>sl925
Q-J
MS
M-N
Begistered
j>1925
1st g34a... 1925
Begistered
7il925
Monon ltiv 1st gu g 5s. .1919
Can Ohio R 1st og44a.. 1930
Secoh Creek See
Y C II
Be lie v A Car See Illinois Cent
Bklyn <* Montauk See Long I
Brims
West See Sav Fi
Buffalo
Y Erie Set Erie
Buffalo
gen g 68...1937
Debenture Os
1947 J-J
AU A West 1st g 4s gu..l998 A-O
Cl <fe Mali 1st gu g 6s.. ..1943 J-J
Booh A Pitts 1st g Os.,.1921
Consol 1st g 68
1922 J-D
Buffalo
Southwest See Erie
Buffalo
Susqu 1st g6s.. 1913 A-O
Bouthw Div
n
N
A
N
&
96Hi
97
MS
A
&
Begistered
1913
1st refunding g 4s
41951
Cedar B & No 1st 6s. 1900
Bur
Con 1st <& col trust g 6s. .1034
Begistered
1034
I F&NWlstgu 58.1921
A St L. 1st gu g 7s.. ..1927
CB
M
1st 6s
2d 6s
See
111
117
V
May'00
Nov'01
88»g
92
904 91
112
112
J-J
103
128
127Hil29
127
127^
100
102H» 101
101
J-U 104Ht-..
A-O 123»« ....
A-O
A-O 116
J-U
V
1908 J-J
1913 M-S
Ibl3
Cent
118
Deo'01
115
118'4
IOIHi.
A-O
MS
Begistered
Shawn
111
112
MS
FA
Canada South
91T6 122
91Hl
90HiJ'ne'01
91 7aSale
&W
A
BAB
<&
96Hi 84 944 97*4
Dec'01
95
97
"55 99 105
Sale 102Hj 103
100 U Sale lOOHi 102 Hi 11 1004104
1058b Sale 104
105Hi 130 1004110
89 s4 Deo'01
874 914
97
98Hl
A1948 A-O 103
Gold 4s
107Ht 107«4
109 Hi
1044
Apr'97
Oct '01
127
127
12734
1304
V31
Nov'99
Nov'01
101
1044
11 104
101
1084
11941274
23 7g Dec'01
117 Nov'OO
1
1134Dec'00
1074
1094
107
1074
1094
1054109
107 111
106 s4 108
Aug'Ol
Carolina Cent See Seab & Boan
Carthage A
Ad
N
See N Y
See B C
&H
B&N
U
Ced B la F A
<3eu Branch U P Istg4s...l948 J-D
<!en Branch By See Mo Pao
Central Ohio See Balti A Ohio
Cen BB & B of Ga col g 6s 1937 M-N
Cent of Ua BB 1st g 5s..pl945 F-A
Begistered
Consol gold 5s
Begistered
letpref lnooiueg 5s
2d pref income g 5s
ail pref income g 5s
yl94" F-A
1945 M-N
1945 M-N
j»1945 Oct
pl945 Oct
pl945 Oot
Mao A Nor Div 1st g 68.1946 J-J
Ua A AU Civ 6s.... 1947 J-J
Mid
Mobile Dlv 1st g 6s
1946 J-J
Ceutof NJ 1st consol 7s. .1902 M-N
General gold 6s
1987 J-J
Begistered
M987 Q-J
1.,
94
Bolt
94
103 104*4 103
120Htl22 122
107
106
94
Nov'01
Nov'01
107
1054 Sep *01
75
76 Sale
76
34 Sals
33
34
19 Sale
184
19
103
95 Dec '99
102 J'ne'99
106
105 34 Deo'01
1024
1024 Nov'01
134
133
134
130»4 Sale 1304
131
Sale
40
78
89
25
iHiek
a
1
1
.1
1
j
27
Bid
-{Continut
J-J 114° r
gu 6S
6a 1920 J.J
gen guR
12l
'i/iiuiry 1
s4>k
u.i
it
Pacific
Cuarlea
A sav
5m
So r.ieiiu !o
1st g 7s.... 1936
ihea A <<hio g Os ser
C.olilOs
1st consul g 5s
A. .h L908
al'.U
1
10.;'.'
J.
I
An
All
M N
M-N
M -h
M
1
1
12*4 114 H
LOHi Sale llli'4
MS
lb"?" Sale
M
Illinois 1st 5a. ...1910
M-S
'4
121
106
.'i
J
117
119
Apr '01
108" !!"!! L08 Nov'OO
Sale L044
108
004 1014 lol4Di ''H
106
101*8 Sale
102 a
«
b7'4
87^,
86
Sale
108
Sale
103
103
1014
1014
10241"'
87 4
87^
86
85*4
i
1
104
111
114 1164
103*8 107
110 113
1094112*4
10041004
108
109*« 108*4 Dec'01
<8
......
1384
1214
111 4 Dec 'ui
1384Dec'01
115
135
116
122
1224Deo'Ol
126
1244 Nov'01
1144 110*4
1164Deo'01
1164
»•
—
••••••
112*4 126
117
1894 Oct '01
1724Apr'0O
180
1924
'01
183
180
190
194
183
186
Oct
Dec'01
Deo'01
1124 16
1054 Feb '98
112
121
121
1214 121 14 Dec '01
117
'01
HO^Oct
1194 Sale 119 4 119 4
114 38 Nov'01
1144
133
123*4 Oct
116
35
137 4 J My '99
1244126
1104
1264
1094 1104
185
Oct '01
116*4 119*8 1174 Oct '01
110 .... 1104 Nov'01
117 118 117 4 Dec '01
1164.... 116 Dec'01
1184.... 118«fe Nov'01
114 .... 116 J'ly'Ol
1184.... 118*4 Sep '01
185
13941424
103*8 Dec'01
102 Dec'01
109
109
.
102*8.
107*4 110
1084
114
117
108
1074110
110
1144
1024 108
102
Mar'00
Oct '01
Nov'98
Nov'01
Oct '00
1084 Dec'01
107*8 May'01
108
108
108 Oct '01
114*4 Oct '01
114 Oct '01
107
111
103
116
111
123
108
1084H2
1094111
U34H64
1104
10741074
106*4
108
108
1104
1084
11441174
114
114
12141264
1214 Dec '0]
1214.
188
1174 119
108 1104
1144 1194
113 1174
1164 120
116 1194
1184 122
1404
140
103
119
1104122
111*4 1164
120*4
'OJ
1094 Dec'01
1404.
11141154
110 1144
11G4121
118 1224
118*4 Nov'01
118
118
1204
10041104
115
28
113
114^ 114
1124
140
127
Aug'00
123
116*4 Sale
112*4
120 1284
1114115
1214
122*. 122
122
4
102 4
101
101*4 1044
1 00 4 Aug'Ol
lOO^J'ue'Ol
;
87
10041094
104*4 Dee 'til
111
Deo'01
121
4
94
834
5o
Deo'01
4 Aug'Ol
115
02
>_'„
80
14
108
108
ii44*""'
109
1074
lul HtApi 00
104*4 A or '00
101*8 D<1 01
101°8
121
103
108
MA
&D
13
lit,
119 4 8al<
;
May'01
122
123
Jan
113
113
1094
113
110*4
110*8
11
IIO4III
1304 Dec'01
13541414
12341274
14341434
'01
04 Oct '01
110' 4 Aug'Ol
120 4 Nov'OO
Ott C F A St Paul 1st 5s 1900 M- S
Winona A St Pet 2d 7s. .1907 M-N 1184
Mil L S A West let g 6s 1921 M-N 1364
Ext A Imp 8 fund g 6s 1929 F -A 120*8
127
1104111Ht
Dec'OJ
143*4 Apr'01
1384148
1404 Dec'01
107 4 Feb '01
113 Apr'01
129 4 Deo'01
129!4 Dec'01
1064 107
1064 Nov'01
10741074
113
71
1O54H0
105 4108
994 994
004 Feb '01
80 4 Aug'00
97 Dec '00
1114Aug'01
1384
1394
113
12741814
12041324
11041124
7
141
1344142
1404
10 184
140 Mar'01 ....140
1294 12941 21,127
1394
140
182
on Next i'oge.
Street Kuilmiy
Met St By—(Continued)
Col* 9th Av 1st gu g 58.1993 M-S 1214123
LexAv&PFl8tgug5s 1003 M-S 1214123
MetWS El (Chio) lstg4s. 1938
F-A 102
By ife L 30-yrg 5s. 1020
St Ry lstcon g 6s. .1919
St Paul City Cab con g 6s. 1037
Guaranteed gold 5s
1037
Third Ave 1st gold 6s
1937
1st con guar 4s
2000
Union El (Chio) 1st g 6s.. 1945
Chic St 40-yr 1st cur 58.1928 M-N
40-year consol gold 5s. ..1930 M-N
Mil El
Minn
<'6
.
,'iij
I
1939
Registered
1992
General guld 4 4s
1902
Registered
1st g6a..„1940 J-J
Craig Valley
J-J
it A a Div 1st oong4a..
J-J
2d consul g48
Warm Spr Val 1st g6s. 1011 M-h
S tea g 5s. .1902
Khz Kox •& J(
Greenbrier By lstgug48 '40 M-N
ClllC A Alt Bit s fund Os. .1003 M-N
Refunding g 3s
1949 A-O
Mikb Biv ll lstsf g 6s.. 1912 A-O
Hallway 1st lien 34s... 1950 J-J
Begistered
1950 J-J
Chic Burift Q consol 7s...l903| JCI1I04 IowaDtvSs
1905 F-A
1022 F-A
Denver Dlv 4s
1040 J-J
Illinois Dlv 34s
Iowa Dlv sink fund 6s. .1910 A-O
1919 A-O
Slnklngfund 4s
Nebraska Extension 4s. 1027 M N
1927 M-N
Begistered
Southwestern Dlv 4s.. ..1921 M-S
North
Joint bonds See Great
1913 M-N
Debenture 68
Han & St Jos consol 6s. .191 1 M- B
Clncife E 111 lstsf cur 6s. 1907 J-D
1934 A-O
1st consol g 6s
General consol 1st 5a. ...1937 M-N
Begistered
1937 M-N
Chioifc IndC Ry 1st 68.1930 J-J
Chicago & Erie see Erie
Chic In <fe Loul8v ref Os.. .1947 J-J
1947 J-J
Bef uuding gold 5s
Loulsv N A ife Ch 1st 68.1910 J'
Ohio Milwaukee A St Paul—
St P 1st 78 8 gBD. 1902 J-J
1902 J-J
l8t7s£goldBD
1903 J-J
lstCifeM78
Chic Mil & StPoon7s..l905 J-J
Terminal gold 5a
.,.1914 J-J
General g 4s series A..«19so J-J
Begistered
«1989 Q-J
General g 3 4s series B.«1980 J-J
1921 J-J
Chic A L Su Div g 5a
Chic A Mo Biv Div 6a.. .1920 J J
1910 J-J
Chic A Pac Div 6s
1921 J-J
ChiCife P Wlstg58
Dak&GtSog5s
1910 J-J
1924 J -J
Far ib Sou assu g 6s
1910 J-J
Div 1st 7s
Hast
1910 J-J
lst5s
1908 J-J
& D Exten lst7s
I
1919 J-J
LaCrosse& D 1st 5s
Mineral Point Div 5s.. ..1910 J-J
1910 J-J
So Minn Div 1st 6s
SouthwestDivlst68....19O0 J-J
1921 J-J
Wis A Minn Div g 5a
Mil A No 1st
L68....1910 J-D
1913 J-D
let consol 6e
Chicago A Northwestern
1915 Q-F
Consolidated 7s
1902 J-D
Gold 7s
Begistered
1902 J-D
Extension 4s
1886-1926 F-A
Begistered
1886-1926 F-A
General gold 34s
1987 M-N
Registered
pl987 Q-F
fund 6s... 1879-1929 A-O
Sinking
Begistered
1879-1929 A-O
Sinking fund 6s... 1879-1929 A-O
Begistered
1879-1929 A-O
Debenture 5s
1909 M-N
Begistered
1909 M-N
Debenture 5s
1921 A-O
Registered
1921 A-O
fund deb 5s
Sinking
1933 M-N
Begistered
1933 M-N
DesMo&Minn 1st 7s.. 1907 F-A
MilWifc Madison 1st 6s. .1905 M-S
North
Jltoh
•u
l»i
Ashland Div let g 6s.. 1925 M-S 141
Mich Div lstg6s
1924 J-J 1404144
Convertible deb 5s.. ..1907 F-A
91
95
Incomes
1911 M-N 1104
Chic Bock Isl & Pao 6s.. .1917 J-J 128
Begistered
1917 J-J 125*8
96 1034
General gold 4s
119 122
1988 J-J 1064 Sale
Begistered
1988 J-J
974108*4
Des M A Ft D 1st 4a. . ..1905 J-J
lst24s
1905 J-J
10541064
Extension 4s
1905 J-J
60
844
Keokifc DesM Ist5s....l923 A-O 109 4
20
364
Chio&StL /SVeAtchTifeSaFe
8
21
Chio St L A N O See 111 Cent
Ctdo St L & Pitts &ee Penn Co
105*4 105*4 Chio
con 6s. ..1930 J -D 140 141
Ch St P A Minn l8tg6s 1918 M-N 139
1024108
Nor Wisconsin 1st 63. ..1930 J-J 141
127 1374
St P A 8 City 1st g 68.. .1919) A-O 129
127 137
1945 A-O 106 Sale 106
106
10341104
J-J
110 Jan '99
BkCity lstcon 58.1916, 1941 J-J
116 Deo'01
111 115
Bk Q Co A 8 con gu g 58. 1941 M-N 984
100 Deo'01
100 105 4
Bklyn Un El 1st g 4-58.1950 F-A 1004 Sale 1004 101 146 98 103
Kings Co El 1st g 4s.„. 1949 F-A
90
90 Deo'01
95
88
Nassau Elec gu g 4s
1951 J-J
City A S By Bait let g 6s.l922 J-D
Conn By <8> L 1st <fc ref g 44s '61 J-J
100*4 Nov'01
1004101
Den Con Tr Co 1st g 68... 1933 A-O
95 J'no'00
Den Tram Co con g 6s. .1910 J-J
Met By Co 1st gu g 6s.. 1911 J-J
Det Clt StBylstoong68.1905 J-J
108 Nov'01
1014103
<Sr Baplda By 1st g6s...al916 J-D
J-J
109 Mar'98
J-J
AU At Bklyn imp g 6s. .1934
Sine*
J7
StPMAO
43
J'"itgt
..
A Imp
MISCELLANEOUS BONDS—Continued
Street Railway
Brooklyn Bap Tr g 6s
''.
1
1
11PV cent
I06"s 112
1*4
ENDING Dl
J
I
M-N
Len A wnKh ii oal 6s.
Con ext (ru*r44s... j/ioi"
MS
N v <t Long in .1-111 v i>
'-j
10h>4ll2
109
108H»Oct'01
109HiOct '00
lOHHiDeo'Ol
109 Aug'Ol
126 Oot '01
107 Nov'01
109HiFeb'99
107 Hi
103
109
J.J
J-J
107'-j
1084
1 39 4
110 JlnVIU
108 Hi 1074 Deo'01
1084
-J
J-J
lot",.
HI? '-.Oil '01
marks
96 Apr '01
are pr itt* on the b
J-J
J
1054
106 '4 100
HI
Central of N
i
93
1
on the Ua
These ui pi let
8 of Mexico 8 I g 5s ui 1899 U-J
Carb
\\
\leek-s
STOCK 1.M11A
N. V.
Bint*
iOMi
1084 109
1084 Sale
PAtJts
it
J.niifie
JlujU>-\o
Dec'01
10841
1094 1094 L094 Deo '01
registered.
Foreign ("Ovorniiii in
flit fin I im Mil 1 11 84a aer
V
^
January
Ahk Low
(J. J
k 1918
k 1918
reg Mimill bonds../, 101s V !
oou small bonds, .k L918 U-F
190 (j.J
38
38
4s
48
4s
48
68
68
or
01
i
S. (.u\ elllllieill
US 2s eonaol regiatered.d 1930
U
i/
Bid
U
Bang*
fYida
Dm. 97
1:
i\i;
Weekly and Yearly
Record, Friday,
1114.
113
125
101
W
.
Sale
4 Sale
110
126
32 123
101-4 304 100
101
109 4 Dec '99
99
110
11141144
124
125 4
106
Deo '07
Gas and Electric Light
Atlanta G L Co 1st g 6s.. .1947 J-D
F-A 1204 Sale 1204 1204 11 11741224 Bos U Gas tr ctfa sf gos.1939 J.J
914 Oot "98
Bw«y A 7th At 1st g 5s 1943 J-D 118
118 Dec'01
118 1224 Bklyn V Gas 1st con g 5s. 1945 M-N 1164117 1164 1174
• No prloe Friday; latest bid and asked this week,
Due Aug p Due Nov
a Due Jaa d Due Apr « Due May ^DueJ'ne ADueJ'ly
fc
1214128
120 1234
98 1034
1234 Dec'01
122 4 Nov'01
102 Dec '01
100 Oct '99
110 Apr'01
1144 Nov'01
.,
26||115
1
OpUoa
i 1*9 Hi
sale
t
Bond Record— Continued— Page
1346
BONDS
«
CliU.igoTer Trans g 4s. ..1947 J-J
Chictt Weetl lata fg0a.. 1919 M-N
7I032
General gold 6i
S A
•
Clearfield
s
A Mah
C
SI
see
I;
100
108
1
1
98
II934
117
Jan '00
••.•
1
1
11 'u 1
1
1
nail's"
1
1111AP
Deo '01
MS
W W LA
kl936
OlnSifc CI con 1st g 5s.. 1928
OOC.fc I consol 7s
1914
Consol sink fund 7s
1!H4
General consol gold 6s. 1 984
Registered
1934
Ind Bl A
1st pref 48.1940
lstpf 6s...cU938
O Ind<6
Peo & East 1st con 4s... 1940
neon ii' Is
1990
01 Lor & Wli con let g 58.1933
Clev <fc Marietta See Penn RR
Clev & Mabon Val g 5s.. .1938
Registered
1938
Clev & Pitts See Penn Co
Col Midland 1st g 3-48....1947
1947
1st gold 4s
Colorado <& Son 1st g 4s... 1929
W
W
1
Greenv See So Ry
102
108
103
99
104'v 104 4 1044
...
108 4 Di O'Ol
102
99
i:J »ii64
J-D 130 133
J-D
J-J 130
<fe
Q-J
A-O
*il6V
98 4 Sale
76
77
Apr
A-O 1164
J-J
Q-J
FA
MS
1st 6s.. .1921 J-J
Construction 5s
1923
Term <& lmprove4s
1923
Syr Bing<fc N Y 1st 7s.. 1906
Warren 1st ref gu g 3 4a. 2000
Del <& Hurt 1st Pa Div 7s. 1917
1917
Registered
&
Sua 1st con go 78.1906
Registered
1906
Guar gold 6s
1906
Registered
1906
Alb
Bens & Saratoga
1st
100
100
104
106
1314J'ly'01
PA
Erie 1st ext gold 4s
1947
2d ext gold 5s
1919
1923
3d ext gold 4 4s
4th ext gold 6s
1920
5th ext gold 4s
1928
1st consol gold 7s
1920
1st consol g fund 7s
1920
con g 4s prior. .1996
Erie 1st
Registered
1996
1st consol gen lien g 4s. .1996
Registered
1996
Penn coll tr g 4s
1951
Butt N Y & Erie 1st 7s. .1916
Buff <fe S
gold 6s
1908
Chic & Erie 1st gold 5s.. 1982
844
89
85
90
W
RK
Istgug5s....al90:
Long Dock consol g 6s. .1935
Coal<fc RR 1st cur gu 68.1922
Dock & Imp 1st cur 6s. .1913
N Y <fe Green L gu g 5s. 1946
Jeff
12
18
165
874
874
78
77
83
90
U7S4 1234
1364140
136 3
4
16
11841194
1044104 34
117*8
14541474
Aug'01
149
1144Dec'01
.
1404
1334137
116
150
1144117
122
J'ne'99
110*8 Dec'01
11041114
10941124
15034 1534
109 4 Nov'Ol
152 Oct '01
151 Jan '01
1034 Sale 1034
1034
151
39
110
1114Dec'01
109*e 110*8 1104 Deo'01
91
894
151
100
108
107
1044
111
4
1134
894 96
894
W
<fe
1st ref 5s. 1937
2d gold 44a
1937
General gold 5s
1940
Terminal 1st gold 5s. ..1943
Regis $5,000 each. ..1943
102
102
85
110
J'ly'01
924 904Dec'01
....
Deo'01
113
Dec'01
M-N
.1184 115
M-S 119
119
Nov'Ol
Nov'Ol
114
106
1004 Sale
"903b Sale
J-J
Sale
1921
1942
Mt Vernon 1st gold 6s. .1923
Sull Co Branch 1st g 53.1930
Ev& Ind 1st con gug6s..l926
94 34
95
1364 Oct
33
'01
1234 Dec'01
106 4 Dec '01
12354.
EdElIlBknlstcong4al939
UacGasLofStLlstg5s.el919
Mut Fuel Gas Co See Peop Gas
'
No price Friday;
latest bid
104
A O
J-J
J-J
90
Registered
105 4.
'1354.
113
Nov'Ol
137
.
1184Aug'01
J-J
M-N
Oct '98
11534
11734 Dec'01
94 Feb '01
110
110
109
1174 1154
117*8...,
F-A
P-A 1084 110
M-N 1154
M-N
1164Nov'01
110
110
65
F-A
Nov'97
125
1254 Deo *01
.
A-O 10834
A-O 112
A-O 101
J-J 1114.
109
.
Dec'01
.
.
114
Ang'01
07
1044
Dec '98
Dec '01
109
10»
98'e
95
101
Not'OO
1st gold
984 Sale
110
984
1084
Sale
34s
A-O
Registered
1951
1951
Coll Trust gold 4s
1952
Registered
1952
L N & Tex gold 4s .1953
Registered
1953
Cairo Bridge gold 4s
1950
Louisville Div gold34s.l953
Registered
1963
Midland Divreg 5s
1921
St Louis Div gold 3s
1951
Registered
1951
Gold 34s
1951
Registered
1951
Spring Div 1st g 34s.. .1951
Western Lines 1st g 4s. .1951
Registered
1951
Bellev& Car 1st 6s
1923
Carb& Shaw 1st g 4s.. .1932
Chio St L <fc N O g 5s.. .1951
Registered
1951
Gold 34s
1951
Registered
1951
Memph Div 1st g4s... 1951
Registered
1951
St L Sou 1st gu g 48. ...1931
Ind Bl & West See C C C & St L
Ind Dec &
1st g 5s
1935
1st guar gold 5s
1935
Ind 111 & la 1st g 4s
1950
Intcfe Great Nor 1st g 6s.. 1919
2d gold 5s
1909
3d gold 4a
1921
Iowa Central 1st gold 5s.. 1938
Jefferson RR See Erie
See L
Kal A & G R See TolS & M S
an & Mich
K C & R & B 1st gu g 5a. 1929
W
106
1154Apr'01
11541154
104
1074
104
102
102
106
102
106
1024Apr'98
MS
M-S
1064.
104«8 Oct
102 Oct
105
A-O
A O
1054Dtc'Ol
98 J an '00
M-N
M-N
J-D 113
J-J
J-J
F-A
95
95
105
954
Oct
'01
IS
'01
'01
1004103
1024 Nov'Ol
1214.
123
May'99
904Apr'01
J-J
J-J
J-J
90
1014Oct'99
100
114
1144.
J-J
J-J
J-J
Nov'00
Nov'Ol
1124H54
124
May'01
Nov*98
Dcc'01
Sep '01
101 4 Oct '01
124
126
124
90
130
124
J-D 127
J-D
S74
J-D
J-D
J-D 105 109
J-D
M-S
130
123*8 124
10141014
106
Oct
'01
106
1074
105
Dec'01
105
105
109
109
Nov'Ol
105
109
1004...
123 12!
1004Dec'01
M-N
1004
M-S
70
76
M-S
J-D 11641164
123
100
98*8100 4
123 128
35 96 103
80
65
Dec'01
100*8
744 Nov'Ol
1164 1164
U54H9
A-O
714 72
7134
Kansas Mid See St L & S F
Kentucky Cent See L & N
Keok & Des Mo See C R I <fc P
&
Ohio
Erie<fc
See So
20
72
634 Oct
664
72»4
1244
1194
1154
'00
Ry
Wist g 5s. .1937
1224.
1224Deo'01
A-O 114
1124Dec'01
11834
117
110
M-N
M-N
1104May'01
11041104
Nov'Ol
108 34 Nov'Ol
1184 Oct '01
109 4 Oct '99
1 09
J'ne'01
10841H38
J-J
J-J
J-J
J-J
118 4 Nov'Ol
1104.
106 34
llO-^s
.
A-O
A-O
V Coal Co 1st gug 5s. 1933 J-J
Registered
1933 J-J
Leh
10834
.
M-S
M-S
A-O
A-O
—
.
11441184
109
95
100
121*4 Nov'Ol
121
123
102
Dec'01
100
105
105
loo
100
95
J'ne'01
Oct '00
1024 105
Nov'Ol
1014 Sep
See Erie
1st con g5a.al931
1st consol gold 4a
7il931
1084111
109
97
M
'99
100
10
Feb '01
97
95
101
95
109 4 J'ne'01
107 Jan '99
105 May'00
113 Dec'00
1094110
118*8
114 Sep '01
10234 103
112 121
111 1144
99 34 1044
Nov'Ol
1104114 34
118*8
113
1004
106
1134
103
1004
99
102
113
116
130
1314
Dec'00
1134
Jan
'98
1314Dec'01
on Next Page.
5s.. .1948
Purchase money g 4a. ..1949
Ed El 111 1st conv g 5a.. 1910
103
106
91
10141024
1014 Aug'01
Q-J 1224
Q-J 104 ....
General gold 4s
108
1938 J-D 10034 102 4
Ferry gold 44a
140
1922 M-S 103 ....
Gold 4s
1932 J-D 102 ....
Unified gold 4s
1184121
1949 M-S
99 ....
Debenture gold 5s
1934 J-D 1044.-Bklyn& Mont 1st g 6s.. 1911 M-S 116 34....
116 118 Bs
1st 5s
111 119
1911 M-S 109 ....
N Y B<fe MBistcong5s"l935 A-O 113 117
94
94
100 11034
N Y & R B 1st g 5s
1927 M-S 1124....
Nor Sh B 1st con g gu5s 01932 Q-J 1134. ...
11541154
Louisv & Nashv gen g 6s. 1930 J-D 1184 118 5
Gold 5s
1074112
1937 M-N 113
Unified gold 4s
1940 J-J 103 Sale
Registered
1940 J-J
Coll trust gold 5s
1931 M-N 113
123 126
Coll trust5-20 g4s. 1903-1918 A-O 1004 Sale
Cecilian Branch 7a
107 111
1907 M-S
E H & Nash 1st g 6s... .1919 J-D 1134.
L Cin & Lex gold 448...1931 M-N 1114.
108 114
N O & 1st gold 6s.. ..1930 J-J 130
94
102
106*4
1134Mar'i)0
106
101
Sale
1950
NYGELH<fePg
F-A 105
1034110
104
'01
&OC
M
Kan C & Pacific See M K & T
Kan City Sou 1st gold 3s.. 1950
Lake
46
110
Oct
104
115
1961
1951 J-J
st gold 3s sterling
105
Gas and Electric Light
Newark Cons Gas con g 5a 1948
J-J
105
108
13641364 Long Dock
J.J
92
101
Nov'Ol
109
*.
Sale
704111
105 »a
1999
Col&
1234
Mar".i-
4
89
109
111
YN H&H
MISCELLANEOUS BONUS—Continued
Gas and Electric Light
Ch G L & C Co See P G & C Co
Columbus Gas 1st g 5s
1932
Conn Ry & L See Street Ry
Con Gas Co See P G <& C Co
Detroit City Gas g 5s
1923
Det Gas Co con 1st g 5s... 19 18
EdEIIllBkn SeeKCoEL&P
Ed E III See N Y G & E L H <fe P
EqG LN Ylatcon g 5s. .1932
Eq G & Fuel See P G & C Co
Bas & Elec Berg Co c g 5a. 1949
&r Rap G L Co 1st g 5a.. .1915
K C Mo Gas Co 1st g 5S...1922
Kings Co El L <fe P g 5s. ..1937
Purchase money 6s
1997
L06
104
1054
A-O
W
Leh& N Y 1st guar g 4s.. 1945
Registered
1945
El C & N 1st g 1st pf 68.1914
Gold guar 5s
1914
Leh & Hud R See Cent of N J
Leh & Wilkesb See Cent of N J
924 964 Leroy & Caney Val See Mo P
116
105
137
Sep On
100
Long Island
J-J
J-J
116
12334 124
Nov'Ol
107 108
14034 Dec'01
139 1434
137 Nov'Ol
1354137
100 95 41014
101
100
99 Ang'01
99
99
903g i07 824 91
894
108
141
Erie
1st consol 6s
1st general gold 5s
102
98
116
Low UigK
Co
2d gold 6s
1941
North Ohio 1st gu g 5a. .1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 53.1997
1124113
Registered 5s
1997
Leh Val N Y 1st gu g44s.l940
Registered
116 1194
1940
Leh V Ter Ry 1st gu g 58.1941
119 121
Registered
1941
111 118
112
111 J'ly'01
123 34 Mar'01
A-O 119
J-J
.sv? i'( nil
Pt Term
Knoxville
113
Wilk& Ealstgug5s.l942 J-D 110
& Pitts See Penn Co
Eureka Springs 1st g 6s.. 1933
Evansville & Terre Haute
10834 111
A'O
Nor See So Pac Co
Oewegat See H YCent
Registered
114
MidRRofNJlstg6s.l910 A-O 115
N Y Sus
Feb '01
111
Dec'01
M-N
A-O
A-O
M-N
<fc
rami Rap & Ind
1
12941304
January 1
106
89
See St L S
GtNor— CI5&Qcoll tr4s 1921 J-J
Greenbrier Ry See Ches & O
& Bt Jo See C B & Q
onaatonlo SeeN
Hock Val 1 st consol g 4 4s. 1999
115
115
1474May'01
149
F-A 95
J-D 132
j
95
76
Nov'Ol
76
116
115
MS
(ioiiv
1004
454 794
984
.sines
'
'<.
High
Loui
106
J J
IUinois Central 1st g4a..!9
Registered
1951
.
1916 J-J
Atl g 5s.. 1937 J-J
<fe
1
ib'44io4*4
Ch&MW
&
of Minn SeeStPM<&M
ifast Ten Va & Ga -See So Ry
Jast
Elgin Jol
East 1st g 5s.l941 M-N
Eliz Lex & B San See C & O
Elm Cort & No See Leh & N Y
r.i
1384
'01
MS
Improvement gold 5a. ..1928 J-D
Rio Gr So gu See Rio Gr So
Den & S West gen s f g 5s 1929 J-D
Des Moi & Ft D See C R & I
Des M & Minn See
DeaMoiUn Ry 1st g 5s. .1917 M-N 105
Det M <fc Tol See L S & M So
Det& Mack 1st lien g 48.1995 J-D
Gold 4s
1995 J-D
90
Dul & Iron Range 1st 5s. .1937 A-O 113
Registered
1937 A-O
latpf g5s...
133
1S8 Oct
139 Nov'Ol
136«b.
140 Oct '98
137 Sale 137
137
118
11 9 4 J'ly'01
34 Dec "01
104
116
116 Deo'01
A-O 114
A-O
A-O 1.204
A-O
7s. 1921 M-N iio"
Ry
1354Dec'01
984
A tic
Bid
l.nnye
i,r
Last Sale
1
H Vlstextg4s..l948
Houst E & W Tex See So Pac
Houst & Tex Cen SeeSoPacCo
1184Nov'01
118*4.
134
A
Han
113"8 1154
130 138
115 4 Oct '01
U7
V G«6
Gila
(iray's
Nov'99
844 844
844
84 34 Sale
89 4 Sale
M-N
A-O
P-A
M-S 147
Registered
1921 M-N
Del Riv RR Bridge See Pa RR
Denv& R Grist con g 4s. 1936 J-J
Consol gold 44a
1936 J-J
2d 6s
Dul So Shore
fir l«i k 3 48.1928
s
Dei so Pac '<•
II of 1882 1st 5.1. 11113
Registered
84
Del Lack A Western 7s... 1907
Morris & Essex 1st 7s. ..191 M-N
1st consol guar 7s
1915 J-D
Registered
1915 J-D
N Y Lack & W
Rio
<al liar it
1st consul 6|
0194
<fc No 1st gu g 6a. .1929
Georgia Pacific See Ho Ry
(
1294May'01
129
J-J
J-J
Nov'Ol
1053s
W
Dak<fcGt8o SeeOM&StP
alias & Waco See M K & T
W&
Kt
104^4 Nov'Ol
.
J-J
9841044
J'nrll]
106
106
99
May*99
HID
88
99
c
A-O
104
99
Hock Val See Hock Val
Col Conn & Term See N &
Conn & Pas Rivs 1st g 48.1943 A-O
•Col
<fe 80
Bee OhMAStP
lint&I'ereM <See Fere Mar
FlaCen&Pen 1st g 5s. ..1918 J-J
1st land gr ext gold 6s.. 1980 J-J
Consol gold 6a
1948 J.
Fori st D I' Co )«i g4 48-1941 J-J
lsi r6n....1921 J-D
Ft \V & J).m
1064 Ga Car
101
Jan '01
...
Mange
Friday
Dee.
Fnrgo
V7;,1H &
Ga<& Ala
1,
A
Istered
High
K7
/
W
&
1
Imio
10741074
X..VII1
ill
118 >a!
1.
Colum
194
1
January 1
Week't
Price
BTOCK l-.XCHAWeek Ending dec. 27
N. Y.
.Since
IV
HS'. 4
io7U.riy<>i
Ill's.
St Louis
nil g 4a
1998 J-D
Cairo DlV let gold 48... .1939 J-J
A- M Divlstgis.l'.i'.il J-J
Cln
8t L Div 1st col tr g 4a. .1990 M-N
1990 M-N
Registered
Sl>r<fc Col Div 1st g 4s.. 1910
Val Div lstg4s...l9IO J-J
C consol 6s.
M-N
C I St
kl936 Q-F
1st gold 4s
Cleveland Cln Chic
° o
High No
At Low
Bale
1173«118'v
OIStLAC "'S««C0C«6 8tL
CiT)
Hid
89
vo
M
'
I)eo
Last Sale
n
Clitc.t West MJoh iivfj»
...OlBlfl
OllOC >k A- Q K«n g
l> consol h r 7h... 1000
II
2<l gold 1 4a
L987 J.J
i) .v. 1
1st gu g 6a... 19 ti M-.N
Cm *
Cm
(IT
27
BONDS
hange
Wen;'*
jTirr
STOCK i.XCHANUE
WEEK ENDING DBO. 27
N. Y.
(Vol. LXXIIi.
2
1st consol gold 5a
1995
NY'&QEl L&P 1st con g 5al930
Pateraon & P G
E g 5s. 1949
Peo Gas <fc C lat gu g 6a. .1904
1084H6
1124 116 Nov'Ol
964
97
1074Dec'01
1214Apr'01
103*8 Sale 1034 103*8
96 58 97
107 4108
122
94*8
105
121
102
984
1094
121 34
1044
<fe
M-S
119
1184 Oct
'01
11841184
75
614 Oct
'01
6141024
10734 Dec'00
1244Dec'01
974Nov'01
1084i09" 1084 10S4
124
98
and asked thi* week,
a Due Jan
12334
96
107
2d guar gold 6s
1st con gold 6s
Refunding gold 5s
1904
1943
1947
ChG-L<feCkelstgag5s 1937
ConGCoofChlstgug5a.'36
Eq G & F Ch 1st gu g 6a. 1905
Mu Fuel Ga8 1st gu g 5a. 1947
1264
974 Trenton G & El 1st g 5s. .1949
110
Utica E Life P 1st sfg5s. 1950
d Due Apr
107 J'ly'00
102 4 J'ne'01
121
121
106 Dec'98
Western Gas Co col tr g 5s 1933
Due May h Due Jly *: Due Aug
e
1104
107
10241044
120
108
1044
1044106
108 Dec'01
10534 Nov'Ol
10534 Oct '01
109 Feb '01
107 4 Jan
Due Oct
q
1114
110
IO534
106
109
10741074
'01
Due Dec
126
108
104 34
102
102
109
1104Nov'01
s
Option sale
December
Bond Record
28, 1901.]
BONUS
STOCK EXCHANGE SI
WhKK ENDING DBC. 27
IiOUWV A Nashv—(Continued)
L980 J.J
N A M 2d gold 6s
Priet
Pensacola Div gold Os.
8t LDtv 1st gold 6s
2d gold 3s
.
1
.
'.'20
MS
MS
1921
1980 M s
Hender Bdge 1st s f g Sa.l9S 1
Kentucky Conl gold 4s.. 1987 1 J
].A N .V M -V M 1 si g 4 ks 1946
K
N Fla A 8 1st gu g 68.. .1937 K A
A
Pens A Atl 1st f;ii g 6a.. 1921
6 A N Alu con yii g 6S..19S6 K-A
1910
Sink fund gold 6a
IiAJeit BrtgeCogug is. .1948
INA.v Cfl
Malum Coal
MS
MS
Week't
Friday
Dec. 97
N. Y.
ReM0* or
123
1
1.
A
^
118
loi
iuk
1
1
2
7:!Sj
78k
96k
ilia""
N
Deo'01
HOkMar'ol
110'.jl 12
111
116
Aug'01
111
114»4 Nov'Ol
.
k
.
115
114k.
100k.
A-O
i
100
111k 117
110 116k
'111
106kl06k 105%
A (I
J-J
J-D
Dec
Mar'01
100
M S
,V-
1990
Registered
1990
L908
Mctropol El 1st g6a
Colonlz g 6s.. ..1934
Man 9
MclC'pt A li V Set N V ('(ill
Metropolitan El See Man Ry
Mex cent oonsol gold 4a.. 1911
1st consul Income g 3a.al939
2d consol Income g 3a. .01939
1!»17
Egulp * eoll gold 6a
L919
2d series gold 6a
1st con g 48.1977
Mex Internal
1927
Mex Nat let gold tis
2d iuc (is A op stinpd../il!M7
2d income sold lis It. ../i 1017
Mex North 1st gold fn....l910
Mioh Cent See N Y cent
Mid of N J See Erie
1.8 4
Mil & Mad See Chic A N
Mil
North See Cli -M A St P
A .Si P
Mil A St P See Ch
La.
w
6k i'lf
102
ii6k
114
110k
.i
100
193
lat oonsol gold 5s
1st and refund sold is.. 1949
I
Minn A St L gu See RClt A V
M&PlateastpiUsint sru 1936
M S S M A A 1st g41nt gu 1 926
M St P & S S M con g lint gu '38
Minn Un See St V M AM
Mo Kan A Tex let g 4a.. .1990
2d gold 4s
firltntu
19-14
1st ext gold 6a
Dal
1st gu g 58...1940
Kan C Pac 1st g 4s... 1990
J'ly
J'ly
83% Sale
31k Sale
A-O
A-O
MS
J-D
MS
83 k
83 %
31 k
80<a
21 Deo'01
26
13
97
82
106
Aug
J-D 100
27
82k 91k
Nov'Ol
Nov'Ol
J-D
J-D
A-O
J-D
M-N
MS
J-J
J-J
147k Feb '01
146ia
117ia
125
117k
120k 122
103
104
119
119
123 k Apr'01
122>aFeb'01
120>a Deo'01
108
103
,103k 103
98
97
J-D
97k Sale
104 k Sale
LA
81 k Sale
116kl213,
97 105
Nov'Ol
Apr'01
98
98
97k 20
97
81
103
98
81
3
4
104k
'01
107kl08
89
oa
9C.I4
75
97
98
"i
30
103k
98
100%
87
106
100
87k 91%
96
108
99% 105%
107
114
111k
117
119k 126%
100k 109 k
107 "a Deo '01
90
103
91
100
Nov'Ol
May'01
ioekio7k 106k Dec'01
116
1 15 k Nov'Ol
106
117k Sale 117k
103
117%
89k
100
105
113
23 114
HSkDeo'Ol
96
"98"
Sale
110
04 34
95
161
91
100
107
115k
119
114kll0k
84k 96i4
v.."
90
90
Sale
J'ly '00
95
129k
125=sl28
115
129k 10 127kl32
129k
J-J
A-O
J-J
J-J
J-J
3 ks
129 k Sale 129ia 1291-2
11234
114 Deo'01
121
113 Deo'99
118 1191a
111 Deo'99
102k
126kl30
111
.
Registered
1936 J-J
2d gu gold 5a
1936 J-J
Cart A Ad let gu g 4a. ..1981 J-D
Clearfield Bitum Coal Cori
lat s f int gu g 4s ser
1940 J-J
A
Gold8ka
116
109 k Sep '97
103kApr'Ol
100% 100%
lOOkDec'Ol
102k 104%
99% 102k
100 103%
lOOklOOk
190*"
100
88
"3
95
99
97k
93% 97k
94
96
111
97
112%
J'ne'98
'.'.'.'.'.
92
96
92k Deo'01..
92k 92k
1929 J-J
Oomm Cable Co lat g 4a. .2397 Q-J
Registered
2397
trie T A T ool tr g s f 5a.. 1926
letT ATlstaf g 5s
1918 M-N
lut Un Tel Co See Westn
Y AN J Tel gen g 5a. .1920 M-N
To Westn Teleg -See West Un
lOOkMay'Ol
h
Aa
6a
1
Vest Union col tr cur 5s. 1938 J-J
g 4ks...l950 M-N
fund 6s.. .1911 M-N
Northweatern Tel 7s
1904 J-J
est
s
*
Bit Coal
MS
w
1940
1940 J-J
118
108
112
1-11
188
J
116k
15k
I
'
K>»4
11
1
'OJ
1
Ilk
117%
117
128
J'ne'Ol
146%Apr'01
k..~
....
....
128
101%
101%....
look....
118k....
131k....
'4
Novo;
118%1
131
125
110
110k-
103 Vi
19
I
.31%
Aug'01
Oct '01
;25
110
110
J
lOOkNov'00
95
,
.
1
101
-
loo'j
It 1
N Y L E A W A'ee Erie
NY A Long Br -See Cent of N J
N Y A N E See N Y N HAH
N YN A liar 1st reg4s.l903
115%Mii>'00
122 k May'01
120 4
113 Apr '99
126
'
110k."
107
107 Dec'01
122 k
121
36 126 "« 129
HOUllOk
29 106
105
109
107
8maii carta 1100
R con g 5s.. 1937
N II & Derby con g58..1918
N Y A N E 1st 7s
1906
1905
1st 6s
Housatonio
J-D
A-O 204
100
196
100 Dec'01
200 Dec'01
203
134%J'ly'01
102
134
206
203
136
'01
108
110
103k 103k
101kNov'98
206
102
103
1
M-N
134k.
M-N 117
J-J
J-J
N Y A North -See N Y C &
M-S
N YO A Wref 1st g 48...,
Regis $5,000 only
jrl992 M-S
N Y A Put -See N Y C A H
N Y A R B -See Long Island
N Y 8 A W See Erie
N Y Tex A M See So Pac Co
Nor A8onthlstg5s
1941 M-N
Norf A West gen g
1931 M-N
Improvem't A ext g 6s. .1934 F-A
New River 1st g 6s
1932 A-O
N A W Ry lat con g 48.1996 A-O
Registered
1996 A-O
1922 J-J
C C A T 1st gu g 5s
Scio V A N E 1st gu g 4s 1989 M-N
North Illinois See Chi A N W
North Ohio See. L Erie A W
Northern Pacific
Prior lien ry A gr g 48.1997 Q-J
.
108k
114
108
,
Jan
Sep
'00
1
(is
1
1997 Q-J
a2047 Q-F
a2047 Q-F
Registered
General lien gold 3s
Registered
-See
103%
Sale
112k J'ly '01
110i4ll2k
134
1
131
Oct
'01
133kl35k 131k Oct
'01
132
129
131
110k
133%
129k
102k
102 34
103 Nov'Ol
107kJ'ly'ol
102 Dec'01
102%
Sale
107k
101k 102
106% Sale 105
104k
73% Sale 72%
72
Gt Nor
St Paul-Dul Div g 4a.. ..1996
Registered
1990
St P A N P gen g 6s. ...1923
Registered certific'8..1923
St Paul A Dul 1st 58.. ..1931
J-D
J-D
F-A
Q-F
F-A
hio River
1st g 5s. 1936 J-D
General gold 5s
1937 A-O
Ore A Cal -See So Pao Co
Ore
Nav See Un Pao
Ore RR A Nav See Un Pao
Ore Short Line See Un Pao
Oswego A Rome See
O C F A St P See C
Coast Co 1st g 6e
1946 J-D
ac of Missouri See Mo Pao
Panama 1st s fund g4ks.. 1917 A-O
46
99
132
105% 73 103
106
18 '103 k 105%
73 k 203 69k 73%
72%
69
Deo'01
99k 102
128
130k
,
94%
117k
Sale
106
108
131k
J'ly '99
k 122k
110%117
122kFeb'01
121
110
100
104
IO414
130k
130
90 k
103
134
104
103
107kl07k
100k Nov'Ol
100
136
k 133 k
122
Nov'Ol
Dec'01
loo
114
100
94%
106
94% 94%
116kll9
94%
117kDec'01
112
112kJ'ne'01
95 Dec '00
112k
RyA
ANW
N A C Bdge gen gu g 4ks 1945
P C C A St L con gu g 4ks
Series
Series
Series
A
100k 102
1940
1942
194
1946
B guar
C guar
SeriesD 4s guar
Series E 3k guar
2d 7a
3d 7a
108k Deo'01
J'ne'Ol
18 108
118
102
105
103
112
115k
101
113%
....
HOklllk
I
114kN'A
o!
110kll4k
112kNov'ol
Nov*98
M-S
A-O 122
A-O
122
121
121
Oct
102
Nov'00
115
115
Deo'01
J-J
J-J
F-A
1912
7il912lA-0
12114
126k
114
118
1
118
'00
112
A-O 115
A-O 115%
M-N 114k
M-N
g....l949]
W A C lat 7s. ..1912 J-J
J-J
1
117%
116k Feh'Ol
106% Nov'Ol
llukllOk
HHiklOOk
97 May'01
133
133
133kl34i4 132 %D( o'Ol
130 Apr'01
129 .
132k 136k
132 k 136k
128k 136%
133
97
k 1341*
i>9\
on Next Page
Coal and Iron
Col Fuel Co gen gold 6a. ..1919 M-N
Col FA I Co gen a f g 5s. .1943 F-A
2d gold 6a
Pleas Val Coal lat g
lUkDec'Ol
111'.,
103k Dec'01
111k Sale 111
102
123
Series B
1942 A-O
Series C 3ks
1948 M-N
Series D 3ks
1950 K-A
Erie A Pitts gug3kaB. 1940 J-J
Series C
1940 J-J
De Bardel C
106k Feb '01
104k 105
105
106k 106k
45
96k 108
1
s
f
6s.
100k.
95 k Jan '97
107 May*97
80 May'97
105 Oct '00
108
107
J-D
1926 J-D
928 J -J
1946 M-N
1
Booh A Pit C A I pur 111 5a.
111 115% sun CkCoallatgsf 6S...1912 J-D
105k 109 k Tenn Coal TDlTl8tg6s.Ol917 A-O
liirni Div 1st consol (is. .1917 J-J
111 116
Cah M Co 1st gu g 68.1922 J-D
DeBarC A 1 Co gu g (is. 1910 F-A
A P C Co 1st g 5s. 1919 J-J
WhLE
Sale
lllkH3k 111k
105
lOlkSaie 101k
82
108
112
104
105
110
112
100
104
55
99
82
102
Feb '00
102 k
Jan
'00
Manufacturing iV Industrial
F-A
J-J
latest bid
101
65
and asked thla week,
8ep '01
Nov'00
a
k
-
118k 117
111
1
110k M
117% May'01
128
....
Bate AstiirlHtgng3Hj9s9 J-D
ii4 "ii"4"
TC I A R
See N Y C A H
No price Friday;
M-S
A I -See T C A
(ir Riv Coal A C Istg0s..l9r
Jeff A ClearO A I lstg58.192d
Pah Coal Min See
A I ext 1st con g 68.1902
A I Dev Co gu g 5s. 1909
1981
1931
Registered
4a
Registered
100 k Oct '00
109 Oct '99
114 Nov'Ol
Coal and Iron
Ool C
Ool C
'10*1
1
1
lo7'„ Dei
108klO'Jk
Kit 1st 6s..
HSkOot'Ol
98
11
Cttearf
107 '<
115k.
J-J
1'itisMcKA 71atgn6a.l932 J-J
1984 J-J
2d guar 6s
J-J
MoKeeaA BVlatg6a
Mich Cent 1st consul 7s. 90'. M-N
1902 M-N
1st consol 5s
Pitts Ft
Telegraph and Telephone
Fd and real
111%
Q B LatgB06a.l938
.Million ("1
MISCELLANEOUS BONDS—Continued
MutUnTel
107%
107k
Sink fund subsidy g 6s. .1910 M-N
J-J
J-J
103k
103k
coll
A Tel ooll tr 4a
J-.I
J-D
J-D
1997 J-l>
Penn Co gu 1st g 4ks
104kl08
1921
Registered
1921
102k 107%
107 k 110k
Guar 3ks coll trust reg.1937
C St L A P 1st con g 68.1932
109k 109k
Registered
101 106k
1932
CI A Pgen gug4k8aerA.'42
103 106k
110
110
109 ia May'01
103ia Deo'01
110
of.. .1884-19(14
1906 M-N
100 k Nov'Ol
g 3ks... 1998 F-A
97k Bale 97k
97k
Registered
95ia 96
1998 F-A
95% Dec '01
Mich Cent coll g 3 "as
1998 F-A
96 Sale
96
96
Registered
F-A
96 Mar'01
Beeoh Creek 1st gug4s. 1930 J-J 111 116 lllkSep'Ol
Telep
2861
Raglatered
Pao
Registered
4m
l«6k
114 V
114»4 114
NYC
102k
102k
M-S 103S*
Registered
1884-1904 M-S 103k.
Regist deb 5s of.. .1889-1 904 M-S
99k.
Debenture g 4s
1890-1906 J-D 100%.
Registered
1890-1905 J-D
Debt oerts ext g 4s
1905 M-N 100k.
Lake Shore
108
W RR
Flor A Shef -See L A N
New H A D -See N Y N H A H
N J Juno RR See N Y Cent
New A Cin Bdge -See Penn Co
N O A N E prior lien g 6spl915 A-O
N T Bkln A Man Belt See L I
NY' Cent A H R 1st 7s. ..1903 J-J 106% Sale 108% 106%
1908 J-J
1997 J-J
1997 J-J
t
I
105 k.
114
112
121 130
2d5s
1917 A-O
87 k 97
1st consol gold 4a
1908 J-D
110 116k
Wash Cent 1st g 4s
99 101k
1948
96 4 Nor Pac Ter Co 1st g 6s. .1933
96 k
Nor Ry Cal -See So Pao
Nov'Ol
Dec'01
Dec'01
Oct '01
96k Nov'Ol
125
97
116
99
Nash
Registered
110'4
.
1
L»ikc shori- consol 2d 7a. 1 903
190S
giatered
KaAA
iy"oo
110
loOk.
Nor Wis See St P M A O
Nor A Mont See N Y Cent
-See C C C A St L
OInd A
LAW
Debenture 6a
1 1
CBAQcolltr4s
110k
Ill's
Mohawk A Mai -SeeNYCAH
Monongahela Riv See B A O
Mont Cent -See St P M A M
Morgan's La A T See S P Co
Gold mortgage
Nor A M
Latgng6a.l916 A
J-J
Waal Shore 1st 4s gu..
.
High
l.ua
W
122kl22k
M-N lllkll8k 116 Oct '01
M-N 1231*124 123k 123k
107 Sale 106% 107 k
II-
1st extension gold 6a.. 7(192 Q-J
General gold 4s
M-S
Montgom Div 1st g 5s. .1947 F-A
Cairo gu g 4a.. ..1931 J-J
St
Collateral g 4s
el930 Q-F
Registered
N
N YA
.
-N</
D
Sep
Convertdeb certsSl.OOO
F-A
M-N
M-N
W
TAP
J
High
MS
J June. K gn lat 4a. ..1986 F-.\
FA
Registered
I'll 1st con gng4a 1993 A-O
II
. .
W
1
W
J-J
al917 M-S
1920 K-A
1920 K-A
Cent Br Ry 1st gu g 4s. 191 it F-A
LeroyACVALl8tg6sl926 J-J
Pao R of Mo 1st ex g 48.1938 F-A
2d extended gold 5s. 1 938 J-J
Sgen con g 681981 A-O
Bt Llr
Gen oon stamp gtd g 5s 1931 A-O
"Unified A ref gold 4s. .1929 J-J
Registered
1929 J-J
Verdi V I A'
1st g 5s. 1920 M-S
Miss Riv Bridge .See Ohio A Alt
Mob A Hutu prior lien g 5s 1945 J.J
Mortgage gold 4s
1946 J-J
Mob Jack A K C 1st g 68.1940 J-D
Mob A Ohio new gold 6s. .1927 J-D
Essex -See Del
Chat A StLlst7s.l913
Nash consol gold
1st
5s
1928
Jasper Branch let g 6a.. 1923
McM M A Al 1st 6s. .1917
Branch 1st 6s.. ..1917
>
NY&
Ma} '01
Registered
A
H
.v.
Atk
hid
,116 k
N Y A Harlem g 3ks...20OO M-N
85
2000 M-N
Registered
23
84 k
North 1st g 5s. ..1927 A-O
R A O con 1 st ext 5s. 922 A-O 125V
Oewe A R 2d gu g 5s. .el 9 S 1-A 113
RWAOTK 1st gu g 68.1918 M-N
Utlca A Blk Rlvgug4s.l922 J-J Ill
N YChio A St L 1st g 4s. 1937 A-O 107 Sale
193.7 A-O
Registered
N Y A Greenw Lake See Krie
147kl47k
119 122k N Y A liar -See N Y C A Hud
123k l'-'3k N Y Lack A \V See D L A
Registered
Morris
1
nuedi
v Cenl *
B
itwe si gn g 6a 19 12
Moli A Mai 1st gu g 4a.. 1991
Gout
riday
ENDING DEC. 27
K
.
1st ooll gold 6s
MA
J
-
98i4
1
L906
1st consol gold tis
1920
Trust gold 6s stamped. al917
117k
80k 90
88I4
90% J'ly '01
103% Apr '00
Sep
97k
A wa
90
90
MS
91
A
106
1073*
M KATofTlstgugos.1942 J-D 107% Sale
Slier Sh A So 1st gu g 68.1 9
F-A
102 103k J'ly '01
Tebo A Neosho 1st 7s... 1903 J-D
ill
111
Mo K A Elstgu g5s
1942 A-O
Missouri Paciric :sd7s
\
11
1
J-J
M
Minn A St L lat sold 7a„1927
L909
Iowa Ex lBt mild 7a
Pacltic Ex 1st sold (5s. ..1021
South West Ex l8tg7a.l'.)l(i
107
10:. 4 lor.'.,
W SwChloAXW
W
A
1
J.iiiije
11-,
KM
1997
Beglatered
Dct Mod & Tol 1st 7h
105 3
lOf-kMav'Ol
1
.\
STOCK
Ho
iaik
1-
anhattan Ry oonsol
MU
Jltijn
^.ug'01
101
Wi
1
124 k
Ad
MS
See
See
N. Y.
119 k 120
Deo '00
1347
3
BON DM
ripe
Low
Jtiiih
Nov'Ol
120
116
l: a
January
Sale
Ask Low
Hid
120
112
121
sg
—Continued— Page
Due Jan
60
104k Amer Bicycles fdeben 5s 1919 MS
1915[Q-F 100
Am Cot Oil ext 4ks
eDueMay pDueJ'ne h Due J'ly p Due Nov < Option
101
60
100
sale.
Deo'01
100
k
Bond Record— Concluded— Page 4
1348
BONDS
N. Y.
wkk
Pens
SS
Ending Dec. 27
Friday
Dec. 27
100
BB lit real est g 4«. 1923
Rang*
aqcc
January
Range or
Last Sale
n. y.
.Since
Hull' No /.inn
Ask Low
109HiNov 01
109%
Rid
BON 1X4
-=_
ITice
STOCK EXCHANGE
//ii/h
Gila
Nov'07
112'4Mar'00
107
UNJ
Peo A Pek Un 1st g 6s.. ..1021 Q-F
JU921 M-N
2d gold 4*28
Pere Marq— F A P M g 6s. 1 020 A-O
10311
1st consol gold 5s
Pt Huron Div 1st g 68.1030
Bag Tub A 11 1st gug 48.1031
Pine Creek reg guar Us. ..1032
Pitta Cin A St L Bee Penn Co
Pitts Clev A Tol 1st g 68.. 1022
Pitta Ft
A Cli See Penn Co
Pitta Juno 1st gold bs
1022
Pitta A L Erie 2d g 5s...al928
Ceu
Pitta MoKees <fc V See
Pitta Sli A L K 1st g 58...1940
1st consol gold 5a
1043
W
NY
1017
A West 1st g 4s
J P M A Co certfs
Pitta Y A Ash 1st con 58.1927
Pitta
I> eadlng Co gen g 4b
JLY Begistered
A
Pitts
See
BBAP
Borne Wat A Og See N Y Cent
Butland 1st con g 4*28
1941
Bat-Canad 1st gu g 4 Has. 1940
H See Pere
Sag Tub A C 1st g s f 6s.Marq
alt Lake
.1913
St Jo AGr Isl 1st g3-4s.. 1947
St Law & Adiron 1st g 5s. 1996
2d gold 6s
1996
Bt L A Cairo See Mob A Ohio
LA
Iron
112i2
Mount
StLKCAN
126
108
109
137
A-O
114
A-O
118
.
J-J
.
101
*,
120
99% Sale
101 Te Sale
118*2 Sep '01
98 J'ly'97
101*4 Oct '01
101*2 Dec'Ol
121>aMar'01
99*8 282
09
92 Apr '01
101%
lOlTfl
24
Aug'Ol
Oct '01
96
97
J-D *107
* 83*3 86
J-J
93 *6 Sale
J-J
96
90
106
84
93
J-J
J-J
J-J
J-J
J-J
101 *4.
Feb '01
Nov'01
94
09
98
121
BB
Begi8tereu
1951
St Louis So See Illinois Cent
Bt L S
1st g 4s bd ctfs.1989
2d g 4b inc bond ctfs...2>1980
Gray's PtTerlst gug 5b 1047
Bt Paul A Dul See Nor Pacific
Man 2d 6s. ..1909
Bt Paul
1st consol gold 6s
1933
Begistered
1933
Beduced to gold 4*23.-1933
Begistered
1933
Dakota ext gold 6s
1910
193^
Mont ext 1st gold 4s
Begistered
1937
E Minn 1st div 1st g 5s.. 1908
Begistered
1908
Nor Div 1st gold 4b.. ..1948
Begistered.
1948
W
MA
Minn union 1st g 6s
Mont C 1st gu g 6s
101*,
101 "a
121*2
92% 99%
92
9234
40
M-N
M-N
J-J
J-J
95
A-O
J-J
A-O
109 *3 Ill's 110 Deo'01
110 Dec'Ol
132
133*s Dec'Ol
116=8.
117 Dec'Ol
102*2 Oct '00
87 >a ...... 96*2 Oct '01
100*2 Sep '01
101%
J-J
J-J
"98 "i Sale"
97*8
98*s
M-N
96 *s Sale
79 3« Sale
96*9
9678
79 *s
80
J-J
J-D
A-O 118
117
129
140 *s.
110
110
125
115
116
106
105*3
91*4 102
100*2 lOO^
93 97% 98*2
83
104
J-J
J-J
124
J-D
J-D
124*
120
A
SeeMK&T
AG
See Sav
A-O
Begistered
Cent Pac 1st
105*2
Apr'00
Apr'99
Oct
'01
Apr '97
124
111
.
112
127»8
112
93
Aug'Ol
118
113
.
J-J
J-J
87
J-J
113
104 34 Feb '98
106
100
J-J
M-N
.
.
J-J
101
*9 34 Sale
112
108
Ill
'
108
110*2 109
Dec'Ol
120
Feb'01
116
110
1
Oil's
J-D
1941 J-J
'01
106*3 Nov'01
106 ^107**
188
01»4
89»a
113 I
110*3 114*3
l
107 4 107*4 "ii 107 111*3
108
10S
4 106»e 108**
Sale
114*4
107 Nov'00
109*b 1093ft
114*4 Oct '01
108
109
119
120
in 106*slll
110
114*4
110
110
F-A
MS
Apr'01
106*4 Nov'»7
112*2
110 34
108*3j']y'01
J-J
J-J
J-J
J-J
J-J
J-J
J-J
i'24" Sale
123
124
120*4 Nov'01
113
100*2101
120*4
96
98
119
115
96*3
Sep '01
Dec'Ol
Mar'01
109
96
120
03
120
A-O
J-J
J-J
M-N
112
101
120
10334 111*,
b~ 11134 124
116 1£0*«
97
121 J'ne'Ol
121*2 119 Nov'01
120*3 120*2
Dec'Ol
100
99
99»s 42 95%
92 34
93*4 162 83
89 Oct '01
89
111 J'ne'Ol
96
102i* 1023j 102% 10234
100
99?8 J'ne'00
"87" Sale" 86*2
87
83*4
99*4 99*8
93 Sale
111
106
107 *2
112
101
120
97
Nov'01
11934 121
117*3120*4
117 121
11178 116*»
128*8DeC01
124*3 128 *«
127*sDec'01
97
97*2
124*8129
97*»
95
123*2 Deo '01
101*4 J'ly '00
121
124*s
11034 Dec'Ol
83 Dec '00
109
111*»
114
115*3.
116*8.
120*9
A N Ala
See
LA
92
g
N
Falls A Nor 1st g 68.1939 J-J
Stat Isl By 1st gu g 4*38. .1943 J-D
Sunb A Lew See Penn
Spok
108
102
114
117
116
108
Oct '99
Sep '01
Oct '01
Aug'Ol
91*3 Sep '00
120*3Nov'01
117
12 iotT'iio"
114
113
115
114
117
116
116
120°»
J'ly '00
BB
SyraBingANY 6'e«DLAW
T<ebo AN See M K A T
1 er A of St L 1st g 4*28. .1939 A-O
1894-1944
1st con gold 5b
BgeTergu g 5s. 1930
St
Tex A
O See So Pac Co
Tex A Pac E Div 1st g6s.. 1905
2000
1st gold 5s
2d gold inc 5s
?2000
La Div B L 1st g 5s
1931
Tol A O C 1st g 5b
1935
Western Div 1st g 5s... 1935
General gold 5s
1935
Kan A
1st gu g 4b.. ..19^0
Tol P
1st gold 48....1917
LM
N
M
W
M-S
J-D
Mar
J-J
116
114
118V
J-J
A-O
J-D
A-O
'
Feb '01
119*3
.
Deo'Ol
Nov'01
104
A-O U12
113*3116
115 116*.
113 116
114*3 Nov'01
114*2.
116*».
F-A
119 78
Dec'Ol
104
104
31 115*b12034
90
97
111 J'ne'Ol
115 Nov'01
1120b Nov'01
107 Nov'01
100
H0*slll
113 117*»
112
112*sll6*4
Ill
103 108*»
103*4
99*4
98
95
98
98
"93*2 Sale
96
86
93*a
93*s
93
93 Dec'Ol
88
91*a
73
81*2 Sale
85%
81*2
81*a
98 100
99 101 100 Nov'01
106*3 109**
109*2 109*4 Dec'Ol
107 Sale 106
107 109 103*3 107
103*2 104*4 11 103*s 106 s4
11334
106*8 Sale 105*2 10634 2-122 103 129
110 112*,
101*sl05*4
125 130
115 121
103*3 106
117 119
113 113
112 78 Sale 11234 11278
10134 102*4 10134 102*8
128*2 Sale 128
128*2
118 120 119*2 Dec'Ol
103*2 Oct '01
104
117*2J'ne'01
113
Mar'01
118»sSale
114 Sale
67
111
95
Sale
97
111
66 117 120'*
119
115 107 107*3116
100 Dec'Ol
96»8102*b
70
65*8
673s 1690 40
110 111
111 Oct '01
96 *»
95
98 Sep '01
110 112
110*aDeo'01
118*4
112*3
Wash Cent
Wash O A
gu g 4s 1949 F-A
Begistered
1949 F-A
Mort guar gold 3 *2S.. &1929 J-D
Begistered
kl 929 J-D
GalHar A S A 1st g 6s. .1010 F-A 111^
2d gold 78
1905 J-D 1053* 107
MexA PaclstgSs 1931 M-N 105
ret
95
W
11334 Dec'Ol
126*2 Jan '00
.
82*4
100
WSee Nor Pao .1937
See Southern
WestN YA Pa 1st 5s.
101*2
95*2
Gen gold 3-4s
1943 A-O
Income 5b
dl943 Nov
West No Car See South By
West Shore See N Y Cent
FAW
A;1949
Jan
111*3
J-J
J-J
A
116*8116*8 TolStLAWprlieng3*28.1925 J-J
50-year gold 4s
1950 A-O
116 120*3
102 121071b Tor Ham A Buff 1st g 4b. M.946 J-D
106 106
Ulster A Del 1st con g 5s 1928 J-D
n Pac BB A 1 gr g 4s. .1947 J-J
106 110
Begistered
1947 J-J
1911 M-N
1st lien convert 4s
Begistered
1911 M-N
Ore By A Nav 1st s f g 6s 1909 J-J
132 140
Ore By A Nav con g 4s. 1946 J-D
Ore Short Line Istg6s..l922 F-A
1st consol g 5s
1946 J-J
121 124
Non-cumino A 58....A1946 Sep
Utah A Nor 1st 7s
1908 J-J
Gold 5s
1926 J-J
Uni N J BB A C Co See Pa BB
Utah Central £<?e Bio Gr Wes
Utah A North See Un Pacific
104 111
Utica A Black B See N Y Cent
3
See Mo P
llOisllS ^ \J er Val Ind A
» irginia Mid
See South By
1939 M-N
Wabash 1st gold 6s
2d gold 5s
95*4
1939 F-A
94
Debenture series A
106*2111
1939 J.J
Series B
87
1939 J-J
87
Det A Ch Ext 1st g 5s.. 1941 J-J
91*4 91%
DesMoin Div 1st g 4s. .1939 J.J
St Chas Bridge 1st g 68.1908 A-O
Warren See Del Lac A West
123 Dec'99
95 *4 Nov'01
111 Dec'Ol
87 Aug'Ol
91%J'ne'01
So 1st g 5s
1924 J-J
Bo Car A Ga See Southern
Southern Pacific Co
2-5 year coll tr g4*28
1905 J-D
Gold 4s (Cent Pac coll). M949 J-D
A AN W l8tgug5s
109
71
101%
H334 lie's
106*4 Dec'Ol
.
95*4
115iill8'8
139 142
May'01
106
.
114>s
1141b
136*2
112*2 119
116 Nov'01
140 Deo'01
137 34 Feb'99
115*4 Dec'Ol
116*8Apr'01
HO 1* Deo'01
128
140
115
124
SFePresA Phlstg5s...l942 M-S
S A A A P See So Pac Co
S F A N P 1st sink 1 g 5s. 1919 J-J
6av F A W 1st gold 6s.. ..1934 A-O
W
113
113*3,
llll
110'4
J
Virginia Mid ser D 4-58.1921 M-S
1926 M-S
Series E5s
1936 M-N
General 5s
89 >a 98
.
1922 J-J
W
137*»
126
....
1938 M-S
1938 M-S
Ga Pac By 1st g 6b
1922 J-J 123
Knox A Ohio 1st g 6s. ..1925 J-J 127
97*2
Mob A Ohio coll tr g 4s. .193* M-S
1038 M-S
Begistered
1915 J-J *123*2l25
Bich A Dan con g 6s
Equip sink fund g 5s. .1909 M-S
Deb 5s stamped
192 A-O *110*s
Bich A Meek 1st g 4s.. .1948 M-N 123*sl25
So Car A Ga 1st g 5s.. ..1010 M-N *107*sl08
S
116*4.
105*3.
101*3.
1934
St John's Div 1st g 4s.. .1934
Ala Mid 1st gu gold 5s. .1028
Bruns A
1st gug4s.. 1938
Sil Sp Oca A G gu g 4s.. 1918
Bcioto Val A N E See Nor A
Beab A Boa 1st 5s
1926
Car Cent 1st con g 4s. ..1949
123
1936
M-N
J-D
J-D
A-O
A-O
A-O
A-O
1st gold 5s
1st gold 5b
reor lien g 5b
195<!
Aug'Ol
110
Begistered
92% 94%
101*4
M
Sp Oca
Con
E Ten
A-O
140ia
ASF
Bod Bay
ET
98%10S34
J'ne'Ol
W OGuarC stamped 4s. .1924 M-N
A W 1st cy gu
F-A
West N 1st con 6s.. 1914 J-J
95
35
J-J
J-J
J-J
J-J
193
Begistered.
193
1st guar gold 5b
193
Begistered
193
Will
1st gold 5s. .1938
Begistered
1938
Bt P A Nor Pac See Nor Pac
St P A S'x City See C St P
AO
Sil
1937
1905
1912
1943
1994
Begistered
1994
Mem Div 1st g 4*2-58.. .1996
St Louis div 1st g 4s
1951
AlaCenB 1st g 6s
1918
Atl A Danvlstg4s
1948
Atl A Yad 1st g guar 4s. 1949
Col A Greenv 1st 6s
1916
VaAGa Div g 5s.. 1930
137
123
-j.",
O 1H
Cal 1st g 6b
1906 A-O
1906 A-O
g 6s series B
lstg68 8eriesC A D.1906 A O
1 st g 6s series E A F.1912 A-O
1912 A-O
1st gold 6b
1937 M-N
1st con guar g 5b
Stamped
1905-1937 M-N
93 14 06 *4
90
90
105 105
80% 85
101*4 Nov'01
A-O
A-O
038 A
5s. 102' J-J
1st
120
lox
100*«
A-O
8Paco(NMexlstg68..1911 J-J
120
J/if/k
112«4 Deo'01
111*4 Deo'01
»2*s Deo *01
1
.1- J
r.iuV J
1
S P Coast 1st gug4s
Tex A N O 1st 7b
Sabine Div lstg68
113%118*2
Con gold 5s
Southern— 1st con g 5s
'01
.
J-J
J.J
M-N
Oct
120
miry t
138
1
SPof
127
iiice
Jni,
113
lll>4ll2
93
037 J-J
A & APa8slstgug4s.l04: J.J
SoPof Argulstg6scl909-10 J-J
107 >s Oct '98
123*s.
103
112
s
Nov'07
J-D
A-O
J-J
M-N
1920
O.t
Cal 1st gu g 6s
Guaranteed gold f>s
Ore A Cal 1st guar g
114*2
11634
StLMBr
BherShrASo
1st gold
133%
127 Feb '01
112 S4D<( '01
lU^ Nov'01
115
117
133*4
95
wngt
1
—
gold 4s int
No of
133*3 Jan '01
101
Oct '00
1
/
J
N YTAMex gulBt g4s.ini 2
i'lT'May'bY)
129*3131
1!3
114
112
'01
Week's
Range or
'i
Continued j
WaooA N Wdiv lHtj?6K'3o M-N
Morgan's l>a A T 1st 7s.
8 A-d
M
See
P
See Wabash
.SeeT BB AofStL
Bt L A S Fran 2d g 6s CI B 1906
2d gold 6s Class C
1906
General gold 6s
1931
General gold 5s
1931
1st trust gold 5b
1087
St L A S F
gold 4s. .1996
Southw Div 1st g 5b. .1947
Befunding g 4s
1051
8t
FA
1007 J-J
1907 J.J
Benaselaer A Sar See D A H
Blch A Dan See South By
Bich A Meek See Southern
Bio Or West 1st g 4s
1039
Consol and cul trust 4s .1040
"Utah Cent 1st gu g 4s.ol017
Bio Ur Juno 1st gu g 5s. ..1930
Bio gr So 1st gold 4s
1940
Guaranteed
1940
Booh
M-N
A-O
(
1
Jan
112
1
Last Sal*
nt guar... 912 A-O
(iiiar
•21 A-O
Gen
.
112*3.
107 .
117 .
J'nce
Ida
dec. 27
VQ A
Hone K & w
lei gu k 6« redeemable..
11 & TO 1st g 5s Hit gu..
lOO'-j
1
Hid
Ask Low
High iU /.</.'
N 1m gngSs."021 M-N lo7*2llo 106 Dec'Ol
106
101
:,*.
O0*a Nov'01
'V lei g
M N
lots
Southern Pac Co-
102
iU
cchajtge
e
Wesk Ending
1
1005
CodboI sterling g Us
Coil currency 08 reg...?1906
l'Jl'.i
Consol gold os
1043
Consol gold 4s
Alleg Val gen gu g 4s... 1042
Mar 1st gu g 4*28.-1936
D B B B A Bge 1st gu 4s g.'36
Ur It A lei let gu g4*2S 10-1
Him A Lewis 1st g 4s... 1031'.
Bit A Cau gen 4s. 1044
Pensacola A Atl See L & Nash
Peo & East See C O C A St L
[Vol. LXXIIL,
g
89
111
103*4
89*2
J-J
121
99
35
40
W Va Cent A P 1st g 6s.. 1911 J-J
Wheel'gA L E 1st g 6s.. .1926 A-O 115
Wheel Div 1st gold 68..1928 J-J 113
Exten A Imp gold 6s. ..1930 F-A 112
1st consol 4s
1949 M-S
Wilkes A East See Erie
A
108*sll3*2 Wil A Sioux F See St P
106 10734 Winona A St P See C A
100 107*2 Wis Cent 60-yr 1st gen 48.1949 J-J
119
95
31
121*3 121*4 121»4
100*4 100 Dec'Ol
115
91*a 92
Mar'01
113*sMar'01
112 Oct '01
113 May'01
113
113
92
91
122
100*»
40
113*3113*3
112 117*3
111*4 11634
20 112 113
94
39 89
M M
Oct '01
Dec'Ol
Oct '01
NW
90*3 Sale
90*8
90*4
64
85*4 92*i
MISCELLANEOUS BONDS—Concluded.
Htiniitacturine
Industrial
<Sc
im Hide A L 1st s f g 6s.. 1919 M-S
im Spirits Mfg 1st g6s.. 1915 M-S
kva Thread lbt col tr 4s. ..1919 J-J
Bar A S Car Co 1st g 6s.. .1942 J-J
Miscellaneous
94
Sale
80
90
DousolTobaccoSO-yrg 48.1951 F-A
65% Sale
trust gold 5s
1911
Brramercy Sug 1st gold 6b. 1923
til Steel Co deb 5s
1910
Non-conv deben 5s
1913
86*s
Distilling of America collateral
Int
J-J
A-O
94
80
105 Jan '00
64 34
66
86
90
94
Dec'Ol
IB
l.Xi
86*2
.
98
93
105
92
64
Hq price Fridayj
t
latest bid
,
and asked.
oDueJan
67*4
90
86*2
100*2
100
100*2
105
112
105
91
46*3
l
,
62*4
fcLDueFeb
....
72*2
12
112*4115*2
ii^'4iiJ*2
dDueApr
g
W W
AM
Wat Beor
Hack
Hoboken
106
90
76
Sale
34
105*4
72 103
100
83*2 Oct '01
83
68
111
29
78
111
106
76
111
29
76
Mai '01
Dec'Ol
91*4
35%
l6t g 5s. .1926 J-J
gold O8...1910 M-N
Mad Sq Garden 1st g 5s. .1019 M-N
Man Bch
gen g 4s.. 1940 M-N
Ne-wp Ne Ship A D D 5s dlOOO J-J
LAI
HAL
Out Land lstg6s.. 1910 F-A
J-J
Oct '99
9134 Dec'Ol
Co lstg4*2S 5-20 year.. 1917 J-D
S Yuba Wat Co con g 6s.. 1923 J-J
Sp Val Wat Works 1st 6s. 1906
101 Feb'97
113*2 J'ly '00
BB SecurCo50-yr g 3*28.1951
St L Ter Cupples Stat'n A Prop
110
96
5*4
Bkln Ferry Co 1st con g 5s 1948 F-A
Bkln
A H 1st 5s tr ctfs..
ChicJcA St Yard colg5s.l915 J-J
ldgr3*2SSA.1911 A-O
DetM
NYA
Aug'00
KatStarchMfgCol8tg6sl920 M-N 105 Sale
105
Hat Starch Co s t deb 6s.. 1925 J-J
90
Nov'01
Itan Bope A T 1st g 6s... 1946 F-A
55
Dec'Ol
Income gold 6a
1946
6*2 Dec'Ol
6
7
P S Leath C o sldebg6s..!913 M-N 112*3
—
jia*-;j...... 112*2 Dec'Ol
p v „.. ^ v ^„ ... A
aa^-m jjcv ml
.
98
85
82
99% Apr'01
J-J
99 Jan '99
A-O 100*4
100*2 J'ne'Ol
Paper Co lBt con g 6b. 1918 F-A 112 Sale 112
112
Knickerbocker Ice (Chicago)
1st gold 5s
1928 A-O
Adams Ex col tr g4s
1948 M-S 105
Am Dk A Imp 5s See Cent N J
90
75
MS
90
91*4
Vermont Mar 1st 8 f <;a ..1910 .... .......................••••••• .-.»•••
±v±\J
V Cliuuiit lUdi 1010 1 5s.
Due J'ne /tDue J'ly k Due Aug n Due Sep p Due Nov q Due Deo *OpUon
91»»
December
1HE CHRONICLE
23, 1901.
1349
)=
Volume
of Business at
Stock Exchanges
I
.1
TRANSACTIONS AT THE
DAILY.
NEW YORK
STOCK EXCHANGE
WEEKLY AND YEARLY
Uaa Securities
Dal&napoUa las stoi
M-N
1st lis 1920
6ii
ackson Is* to
::i^2
Stocks
and
>l i-
Bid
35
i.i
ini
16
loo
2U
30
102
l'.\c!l
M-N
M
110
102
101
108
.
L02
A.o J100
.11
Jij
11
I
1st
i.i.
52
I
lou
loo
Hock Cual&I pt loo
J
L917
louipi saed Air Co... LOO
ai Hi alint- loo
new 'kjl Colli. 100
1'n I. ii il
100
iii.
Consol
2d
.
.
43
47 4
Ask
45
(hh
420
u
See NY Stk
I.
ii.Imi.ii nil
I
A-O 1101
Lafay'ei laslsl 6s'2
I
69
l
>
§ 1987
Kansas City Gas
Laclede Gas
Week ending
Dec 27
Atk
60
<
100
so
.
48
'.U
WabV lhtd«'25.J-U
11
Madlflon(Wls) Gas—
A-O 51074 lO'.l'v
60
65
Lsl 6s 1926
'.
10
20
Newai k
8a 1944. Q-J 11404
$2,401,600
299.378 $28,487,800
60
68
00
66
Newark Consol Gas.. 100
•J, ,117,500
47.386,200
609,452
Monday
.Os 1948 See Stock Exch list
4
1
02,(i
1,636,000
642,149
Kxeli list
See li oston 1st
New
.... CHRIST MAS DAY..
Wednesday
'.<illllUIll.il
..li. ir ... I. 7a
.i a
104
18
22
[ndCon Nat<6 in 100
"
$1,000
2,628,000
7461987
69,6
.linnet Lock, un
J-l>
260
100
46
60
Sorbin
lsi 6a 1926
2,000 l'i ..\ hi. QW ..is
3,584,000
82,223.000
900,341
Cm Inn (!' A V) Co
50 z96
105
90
irampa Slid En Bldgloo
76
st Joseph Gas 6a L937.J-J i 96
70
$3,000 StPaulGa* Gen Ba'44M-6
Total
3,092,307 $289,802.7(10 $12,917,000
n:>\ Crucible Steel
88
100
18
-i
H4 4
IS
Preferred
100
Syracuse Gas stock. .100
J-J
98
January 1 to Dee 87
Diamond Match lo
1st 6s 1940
Week ending Deo 27
Sates at
\V stern Gas— 5a See St'k Exch hsl
Dominion Securities. ion ir«;<
Hew York .stock
loo
23
Ell (trie Jlniit
21
1900
1901
1900
Exchange
1901
Tclegr &. Telephone
loo
40
43
Preferred.
I.i. lira; Vehicle
loo
88
40
9>a
2H
138,338,597 Amer Dist Teleg(N Y)100
264.949,720
6,349,898
3,092,307
Btooks— No. shares
loo
I'M It m u
4
6
BellTeleph of Buffalo 100 106 110
$289,802,700 $620,720,000 $25,087,152,525 $13,174,097,712
80
108
Empire state sugar. .ion
Central & So Auier...l00 107
$162,625
$144,075
$7,000
Bank shares, par..
05
1st lis 1915
J
95 4
67
i
Ches«fc PotoTeleph..lOO
loo
4
6
BONDS
J-J 105\
Empire Steel
6s 1909-29
$6,914,830 Commercial Cable
$1,838,670
$74,200
$3,000
43
100 176 184
100
45
Government bonds
I'm lerreil
2,082,200 rummer UuTel(N Y).25 115
2,502,800
16,500
1'4
loo
nil Carriage
1^
662,691,600 Kinp et Hay state Tel 100
980.051,900
21,402.800
12,917,000
05
78
100
57
84
General Chemical
BR. and mis. bonds
oston list
loo loo
102
Preferred
Erie Teleg <& Telep See B
47
Gorham Mt« Co com. 100 110
65
Total bonds.... $12,920,000 $21,662,500 $990,993,270 $671,688,630 Franklin
100
loo 120
100 120 123
Preferred
Gold & Stock
49 '4 60
PHILADELPHIA
Hack en sat k.McadowslOO
BOSTON
44s, 1905
DAILY TRANSACTIONS AT
Havana Commercial. 100 114 13
Hudson RiverTelephlOO 104 108
48
Preferred
62
100
Mexican Telephone See Bosto n list
53
New Eng Telephone See Bosto n list Hkr-JonesJew'lMUl.pfd
90
96
Philadelphia
1st 6s 1922
Boston
N orthwesteru Teleg. . . 60 122 126
Week ending
2
•••••a
N Y & N J Telephone 100 1074 171 Herring- lall-MarvinlOO
Dee 27
100
35
46
M-N 111 114
1st preferred
6sl920
Unlisted
Bond
Bond
Listed
Lifted VnlitUd
iyoi
6
78
10
83
2d preferred
loo
Paciflo <fc Atlantic
26
shares
sales
sales
shares
share*
shares
Hoboken Land <& ImplOO 110
Providence Telephone. 60 ts984
100 103
106
58 1910
M-N
2,831
$28,000 southern <fe Atlantic. 25
26,022
$73,200
7,960
Saturday ...
10,128
20
6
26
7
International Salt certfs.
85,000 Tel Tel & Cable ot Am. 15 t
3,188
131,810
36,380
24,382
12,854
Monday ....
Internat'l Silver See Stk Exch list
870
68,000
16,427
36,333
86,600
Tuesday
11,204
Electric Companies
96 100
J-D
68 1948
....
.. HOLI
Wednesday.
Iron Steamboat
25 t
B
61,100 Allegheny Co Lig'tColOO
32,627
2,350
59,215
30,336
20,978
Thursday...
Chicago Edison Co... 100 160
John B Stetson com. .100 135 155
70,100
4,963
76,043
72,850
26,192
Friday
29,726
140
100 130
Y Stock Exch Preferred
Edison El 111 Co Brk
10\ 10'4
Monotype
lh
1*6
20
14,202
$312,200 Electro-Pneum'ic TranlO tStock Exch Lanston
$423,675
186,399
124,203
Total.
84,890
Y
General Electric Co
Lawyers Mort fnsur.loo 226 235
95
100
Hartford (Ct) Elec LtlOO 196 200
Lawyers' Surety
Lawyers' Title Ins. ..100 330 340
KingsCo Elets L&PColOO 180 185
100 118 125
Lonllard (P) pref
Narragan (Prov) El Co 50 tz924
10
Madison Sq Garden. .100
37
N
Q El L &PowColOO 34
M-N 66
65
100
70
Preferred
74
2d 6s 1919
7
74
Rho lsl Elec Pro tec ColOO 119
Mex Nat Coustruo.pflOO
F*r Weekly Review of Outside Market Bee 7th Page Preceding.
Monongahela R Coal. .50 t 123, 13
Storey General Elec. 10
3
14
Preferred
50 t 46 4 46
United Electric of N J 100
10
Street Railways
Street Railways
100
Bid Ask
Bid Ask
66
100
68
Mosler Safe Co
4s 1929
19
NEW YORK CITY
Grand Rapida Ry....l00 30
32
1941
100
Unit ElecLt "&Po"co..6(J See Ba ltlist National Carbon
90
80
85
Preferred
88
100
Preferred
100
87
Bleeck si <fc Ful F stk 100 36
Ferry Companies
Indianapolis St Ry Bee Phila list
J-J
99 101
Nat Enam'g & Stamp 100 a:32 4 33
l8tmort4s 1950
85
100 z82
204 Preferred
B'way & 7th Ave stk.100 248 251 J O Hob & Paterson.,100 164 174 Brooklyn Ferry stocklOO 19
Stk Exch list
4sgNovl 1949. ..M-N i 80 814
1st Os 19.11. J-J 113
115
National Salt See
lstmort 6s 1904... J-D 101 102
148
110
Lake St (Chio) El stk.100 10
100
Con 5s 1948 See Stock Exch list
National Surety
J-J 108
2dmort 6s 1914
33
40 „
Deb 5s U928
J-J 1024 103
108 110
Metropolitan Ferry 5s
20
New Central Coal
Con 6s 1943 See Stock Exch list
Louisv St Ry 6s 1930 J& 5118 119
80 . ...-•*
10U
4114 110
E R Ferry stk.100 68*4
Loan & Imp
Y
N Y <fc
B'way Surf 1st 6s gu 1924
Lynn<fc Bos 1st 5s '24. J-D 5112
1134
M-N 5 94
95
Y Biscuit 6s 1911. M-S 114
2d 6s Int as rental 1905 J101 103
1st 5s 1922
12
MinneapStRySs See Stk Exch list
100
14
N Y & Hoboken stk.100 80 81
Y Dock Co
Cent'l Crosstown stk. 100 255
32
43
M-N $120 125 New Orleans City Ry 100 30
100
45
Preferred
Hob Fy 1st 5s 1946 M-N 51124 114
IstM 6s 1922
944*
93
Preferred
100 102 106
F-A
E Rlv stk 100 208 219
5s 1946
J-D 5 904 914
1951
Con
lst4s
Cen Pk N &
North Chic Str stock. 100 176
J-D 101 104
New York <fc New Jersey
Consol 7s 1902
Y El V Tr ($20 pd)100 12 \» 134
1st 5s 1906-16
J-J
191
100 140 155
ChrisVr<fc 10th St stk 100 187
1st 5s 1946
J-J 1054 107
Y Realty Corp
21
North Jersey St stocklOO
25
75
10th & 23d Sts Ferry 100
Nicholson File Co
100 128
Cohfc 9th Ave 5s See Stock Exch list
80
M-N 81
10
48 1948
82
8
B <fe Bat stk 100 120 130
mort 5s 1919.. .J-D 5105 108
Silver
100
1st
Ontario
Dry D E
Pat Ry con 6s 1931. .J-D 51274
118
100
274 30
Union Ferry stock. ..100 41
1st gold 6s 1932. ..J-D 115
424 Otis Elevator com
2d 6s 1914
F-A 103 104
A-O 5100
M-N 5 97
Scrip 6s 1914
1st 6s 1920
98
Preferred
100 *92 4 95
Rochester Ry (new). 100
41 14
50 t 23 'e 24
Eighth Avenue stock 100 400 410
Pittsburg Brewing
Railroad
Preferred
F-A 105 109
100
934 96
Scrip 6s 1914
Preferred
50 t 434 44
27^4 28
Con 5s 1930
A-O 112 1134 Chio Peo & St L pref. 100
10
42d & Qr St Ferry stk 100 395 405
100
11
Pittsburg Coal
S
2d 6s 1933
J-D 100 104
65
76
92 34 934
42d St
<& St N Ave 100
100
Prior Ben g 4 48 30M<& S 5103
106
Preferred
So Side El (Ohio) stk.100
152
lstmort 6s 1910. ..M-S 112 114
100 151
Con mtg g 6s 1930. J&J 100 105
Pitts Plate Glass
Syracuse Rap Tr 5s 1940 1004 102
99 101
31
2d income 6s 1915. .J-J
Inoome 6s 1930
64
33
Plymouth Copper Co.. 10 r 6
U nit Rys (St L Trans) 100 33
34
Lex Av & Pav F 5s See St k Exc list
Denver & South'n See S tk Ex list
Pocahontas Coal Subs ... 123 125
Preferred
100
874 89
90
93
Ninth Avenue stock. 100 196 205
Detroit Southern See Stk Exch list
Pratt & Wliitn pret..l00
Gen 4s 1934
J-J 5 894 904
Second Avenue stocklOO 217 220
100 340 350
Preferred
See Stock Exch list
Procter & Gamble
lstmort 6s 1909. .M-N 5106 107 ^ West Chicago St
100
86*4
914 02
1st 4s 1951
J-D
Preferred
100 200 210
F-A 5118 119
Cong 5s 1936
M-N
69^4 K C Ft Sc & Mem pf See S tk Ex list
Consol 5s 1948
Royal Bak Powd pref.100 104 107
Bixth Avenue stock. .100 176
Refgg4sl936
Rubber Goods Mfg See St ockEx list.
Sou Boulev 6s 1945. .J-J 5110 112
02
Mex National (w 1) ..100 14
25 t
14^ Kussell As Erwln.,
Gas Securities
Fer 1st 6s 1919. ..A-O 5108 110
138
So
Preferred (w 1)
39 «e 40
100
Safety Car Heat A; Lt 100 133
NBW YOHK
Third Avenue See Stock Exch list
175
Prior lion 44a 1926(w i) 101
101 34 Simmons Hardw com 100 165
Tarry
P & 5s 1928 104 107 Cent Union Gas 1st 6s... 51094 111
loo 138
142
1st con 4s 1951 (w l)
79 14 794
Preferred
YkersStRR 5s 1940A-O 1004 110*2 Con Gas (N Y) stock
Y Stock Exo Nor Pac new 4s (wl)
100 138 143
110
2d preferred....
28th & 29tli Sts 1st 5s '90 111
113
EquitGascon5sl932 See Stk E x list Nor'n Securities (wi) 100 1013. 102*4 Singer Mfg Co
100 230 250
37 '4 37>4
Twenty-Third St stk. 100 408 416
Mutual Gas
100 296 305
Pitts Bess <& L B
50 t 36
364 Snap Hook & Eye
100
Deb 5s 1900
J-J 103
New Amsterdam Gas
Preferred
64 7
Standard Milling Co. 100
......50 t 70
76
Union Ry 1st 6s 1942 F-A 116 117
1st consol 5s 1948. .J-J 109
26
27
loo
1094 Seaboard Air Line See £ alt list
Preferred
Westchest 1st 5s 1943 J-J 107 110
Elec Lt Heat&Power
71
73
5s
i
Industrial and BlUcel
Gold 5s See N Y Stock Exch list
Standard Oil of N J. .100 702 705
BROOKLYN
Y <& East River Gas—
220
Aberdeen Copper
23
Stand Undergd Cable 100
25
26
Allan Ave 5s 1909. .A-O 5105 107
1st 5s 1944
J-J 113
116
Acker Mer & Condi t...0s 100 101
Slu.ss-Shellield See Stock Exch list
Con 5s g 1931
A-O 114 115
Consol 5s 1945
J J 108 112
30
36
Amalg Copper Set Stock Exch list
Standard Coupler comlOO
Impt 5s See Stock Exc U list
Nor Un 1st 6s 1927.M-N 107 109
loo 118
Agrio Cliem See B oston list
Preferred
B B & E 5s 1933. .A-O 102
Standard Gas com
100 130 135
Amer Bank Note Co... 60 t 54
loo
106
Swift it Co
56
Brooklyn City stock. ..10 243 244
Preferred
100 160 155
Bioycle 8*4
103
YStk Exch list
1st 5s 1910-1914.. ..J-J 5101
Con 6s Bee Stock Exch list
M-N 5116 117
1st 6s 1930
American Can earn.. .100
25 t 13
154 15 34 Tennessee Copper
134
Bkin Crosstn 5s 1908.J-J 105 107
Preferred
100
664 57 Texas & Pacific Coal. 100 76
OTHER CITIES
Bkn Hgta 1st os 1941 A-O 106
American Chicle Co.. 100
A-U 5106 110
80
1st Os 1908
83
Bkin Q Co & Sub Bee Stk Exch list
Amer Light & Tract. 100 24
26
Preferred
79
Title Guar & Trust. ..100 625
100
82
Bkiyn Rap Tran Bee Stk Exch list
Preferred
100
Amer Grapkophone...lo t 34 44 Trenton Pottery com loo
64
7
874 89
Coney Island <fe BklynlOO 325 400
Baltimore Consolidat See Bait List
Preferred
Preterreil
100
68
75
10 I
7 34
8
let 6s 1903
J-J 101
103
Bay State Gas
60
Amer Hide A Leather 100
64 6 Trow Directory ne w. . 1 00 70
h
6sortl8indbt 1903. .J-J 100 103
Binghamton Gas
37g
Preferred
Union Copper
10 t
34
44
100
36
Brk C & N 5s 1939.J-J 1134 1144 6s 1938
A-O 5 93
27
35
96
6s See Stock Exch list
Union Steel & Chain .100
Gr St<fcNew 1st 5s '00 F-A 104
Boston United Gas bonds Bosto n list Amer Press Assoo'n.100
loo
40
50
85
Preferred
95
Gr'pt & Lo rimer St 1st 0s 100 109
Bunalo City Gas stocklOO
American Screw
75
78
8
9
80
Union S« itchifc Signal 50
100
Kings Co. Elevated—
1st 6s bonds
Preferred
50
90
774 80
Amer Shlpbuildlng...lOO 35
38
1st 4s 1949 Bee Stock Exch list
Chicago Gas See
Stk Exch list
Typewr com. .100 64
Y
Preferred
Uniun
08
95
100
98
Nassau Elec pref
100
83
85
Cincinnati Gas & EleclOO
loo 120 125
Soda Foun com.. 100
96 3« 97
2
1st preferred
6
6s 1944
A-O 112 114
Col Gas
HeatcomlOO 94
•jd preferred
100 115
120
1st preferred
lou
48
65
1st 4s 1951
JJ 97
99
Preferred
100 100^ 1014
7
2d preferred
10
74
100
12
U S Cast Iron Pipe. ..100
NewWb'g<fcFllstex448 106 108
1st 5s 1932
J-J 51064 1074 American Surety
loo
38
39
Preferred
50 176
185
Stein way 1st 6s 1922. J-J 5116
1174 Consol Gas (N J) stk.100 12
100
Amer Strawboard
20
29
14
100
23 34
U S Cotton Duck
1st 5s 1930
J-J
Preferred
100
Bonds Os
90
80
81
F-A 100
OT11H11 CITIES
Consuin Gas (J City)—
45
AmTypefo'rs stock. .100 45
U S Envelope com... 100
63
Buffalo Street Ry—
1st 08 1904
loo
Preterreil
M-N 5103 104 Amer Woolen See Stock Exch list
85
80
lat consol 5sl931..F-A 51161s 118
Detroit City Gas
50
Amer Writing Paper.100
73
1
U Stllass common. ..loo 33 4 35
2
Deb 6s 1917
A.O 5105 107
Detroit Gas See N Y Stk Exch list
loo 140 145
Preterreil
loo
74 84 Preferred
Chicago City RK stk. 100 185 190
Essex ifc Hudson Gas 100
US KniiKtAUenninglOO 36»4 374
31
35
6s 1919
J-J
07 4 70
Chic Union True com. 100
ll 1 * Fort Wayne (Ind)—
loo
10k
Anthracite Coal
03
70
Preferred
80
100
Preferred
100
47 4
1st 6s 1925
J-J
Barney & Sm Car
1st mort Os
61
15
84 4 87
48
100
18
Cleveland City Ky....l00 100
Gas&Elec Bergen Co 100 23
Preferred
30
loo 118 125
U S Steel Corporation See Stock Kxch
Cleve City 1st 6s 1 909. J-J
Grand Rapids Gas
Bliss Company com
5o 130
Universal Tobacco. ..100
18
16
140
Cleveland Electr Ry.100
76
80
1st 5s 1916
F-A 51044 1054
Preferred
100
Preferred
48
60 133 138
Con 6s 1913
M-S 106 1074 Hartford (Ct) Gas L...25 t 48
6>4
Bond A- Mort Guar. ..100 405
Va Coal Iron <fc Coke.100
7
50
Columbus (O) St Ry..l00 46 4 484 Hudson Co Gas
100
Bril'h Columbia Copper 6 t
62
55
23
5s 1949
26
84 9
Preferred
100 102 103
6sgl949
\\ estingh Air Brake. .60 tl76
Celluloid Co
180
99 101
100 100 103
Colum Ry con 6s See Ph ila li.ii
Indiana Nat & 111 Gas—
White Knob Mining. 100
Cent Fireworks com. 100
18
19
18
23
Crossfwn lst5s '33.J-D 5110 113
1st Os 1908
M-N 55
Worthing Pump pref. 100 118 1204
60
Preferred
100
65
70
» Buyer pays accrued interest.
t Price per share.
t Sale price.
f
iyoi
Shares
Railroad Sc
.Will'
Bonds
Bunds
Par value
o a
Bond*
.
.1
(
Gu
1
-1 1
>
I-
i
aC
i
'1
I
'
<
I
t
1
i
<
i
i
.1
AND
THE
EXCHANGES
MS
1
DAY
N
N
t
Y&
Outside Securities
NY &B
NY
N
N
N
N
N
M
W
M
N
NY
N
1
Am
Am
W
N
t
i
N
L&
Am
MS
THE CHRONICLE.
1350
Boston, Philadelphia and Baltimore 8tock Exchanges
KW Khar* Frleea - Not Per Canton Price*.
[Vol. LXXIII.
—A
Dailv and Yearly Record.
Bale*
of the
Week.
ACTIVE 8TOCK8.
Saturday,
Monday,
Dee. 21.
Dec. 23.
9CB
900
ies
•J6V
i«s
•ati
1B1
74
75
53
146
8894 37
58S4
B8
145
143
•180
•74
•
58)4
145
sew 37X
.
75
33
88
01
39)4
01
84*4
83
01
90)4
84)4
•i«H
81)4
74
85)4
84*4
40H
8C«
40
"4094
108H
•80
88
*994
10994
8094
48% BO"
103
1494
HH
87
•
•*
65)4
•ssox
80)4
80)4
81
83
•14)4
8-9<
33*4
14)4
<4M
9394
94
69)4
20)«
80)4
68
7194
Amalgamated Copper!
31
82
Amer. Agrloul. Chemical
80
80V,
74)4
26X
et
66X
80)4
o
H
W
90
'70)4
1494
93)4
6»94
>-<
88
80
85)4
108
80
K
80)4
80)4
>«
7494
41
1-18
88J4
108V)
•8894
S3
en
04
S3
91
74)4
e
4094
8094 «l
*094
88H 8w*
1<H
168
576
650
24*4
115
8194
17
4*
n*
69
93
68)4
83
67
48
18
78
48
80
135
81
81
4)4
117
•46
89
494
13
18V
6694
48)4
18)4
7«X
17
76)4
4k
K
91)4
494
1394
117
46
46)4
89
4)4
*t¥i
l-*4
77)4
49i
9*
8)4
494
70lg
81
83
•8?)4
askea prices
46
90
Amer.Rallwa)i(Phil) 50
2k Charlotte(Balt) 100
Bos A Maine pf (Boit) 10C
100
Boston AProT. "
100
..lonnAPasium "
"
100
RlTer....
Conn
OonsolTr Pitts! (Phil). 60
"
50
Preft
Sa South A Fla.(Balt)100
"
100
1st pref
"
100
Sd pref
d'rmant'n Pass(Phll) 60
60
Hestonr
"
60
Pref
"
100
(ndi Street
"
50
uiuie Sohuylk.
Mains Central. (Bost)100
Mtnehlll A 8 H.(Phtl) 60
50
Wesquehon'g V. "
50
North Penn.... "
Pare Marqu'te.(Bost)100
" 100
Pref
rail derm S N.(PhU) 50
"
50
Phlla. Traction
....
Byi Co General! "
Rutland pref ..(BostllOO
(PhU)100
United N J
25
UnPowA Trans "
West Bnd pref. (Bost) 50
ASS. (PhU) 50
West Jer
60
West N T A Pa. "
Wis Cent, new.(Bost)100
"
100
Pref
Wor Nash A B. " 100
All
.
30 4
11
UK
83)4
82)4
00
9
00
89
a 39 0-l« 99 13-18
1194
8i
WelibaohCo
80ia Westlngh. Bleotrlo
•
•
>
187
8
NewBngGsAC t " ....
5
S.(Phll)
Old Col Mining. (Bost) 25
8M
81
81)4
H
Rhode III Mln..
83
81
88'
Seattle Hleotrtc
Pref
Susque
"87i«
IA
187
5
•85
100
100
"
81,
Am
•••
••••••
•••
8094
45)4
9094
44)4
140
SH
'"6)4
Beil Tel 4i.. 1908
JAJ
5
I
88* 20
37
37)4
3
• • • •
06
•
100
• • •
1.1*
89
1*
•
•« ee
so
87
8
86
98)4
1494
88)4
97
89
8)4
AAO
AAO
^ait'n lit M 61 g.'06 MAS
Fr ElkAMVlit6i'S3end
Unst'p'd 1st 6s.'33 AAO
IUln Steel oonT 5i.*10 J4J
Debenture 51.1913 AAO
KCCA81lt5ig.'25 AAO
1*4
4)4
840
85)4
950
6
18
"l's)4
882)4 384),
ft
ft
ft
8
61
03
» 09
Iioa
100
ft
3
1
"81)4
194
8194
CAM RyAB 5i.'29
MAS
AAO
i
81
113
SO
18)4
MAN
lit 6s tunnel 1911..JAJ
Bal Trao lit 5I.1929MAN
•
68
8
Jane 19
11
17
88
84
Apr. 8
839< Not. 18
5094 May 16
148
Apr. 88
3994
May
1
45
08
July
1
June 11
89*4 May
8
106)4 Deo. 8
218)4 Apr. 81
8i
A or. ae
98716Dec97
41
Dec 37
811-16De3.87
80)4 June 81
5494 Sept. 80
l3a*»May I
May
00
37
1
Jan.
8
18)4 Mar. 89
00
Apr. 98
{
1,751
80S
80
159
870
785
82
JAD
1930JAD
5s
88
33
22
4 183
May 88
Jan.
Mar. 8
Dec. 20 860
Mar. .7 31*4 June 11
Deo. 20 34)4 May
8
65*4 July 10
Jan. 31
D c. 8 3ii« Apr. 18
Aug. S
Feb. 11 78
May 15 50 Oct. 18
15
Deo. 4 99 Jan.
8
62)4 Jan. 31 7994 Apr. 18
«
8
794 Jan.
394 Dec.
3)4 Feb. IS
H Deo. 2
a
Not. 10 16 Feb. 13
88 Dec. 7 99 Jan. 8
Apr. 18
1 27)4 Jan.
1 146
80% Dee. 17 3894 Mar. 6
4
4»* Dec.
894 Feb. 13
1
June 30
Dec. 7 41
118 Sept. 13 128)4 Jan. 9
4
48>«NOT. 14
30>4 Feb.
4
30 Sept. 8
23)4 Jan.
Mar. 30
10)4 Deo. i7 17
Apr. 19
83 Dec 18 55
54 Jan. 1C 8 )4 Dec. 97
66 Jan. 4 90 Dec. 97
e 25 13-16 88 7-18
Bid.
116
181
AlleVyBext7sl910AAO
183)4 194
85
Bends— Philadelphia
Asphalt Co 5s tr otfil949
Atl City 1st 5ig..'19 MAN
08
116)4 117)4
Clt'i'8tRy(Ind)oon5i.'33
Colum8tRy lstoon5i.'3^
••••a
Con Trao of
07
stSil 94 9 JAJ
Choc Ok AG gen 5i'19JAJ
108
108
180)4 181)4
11094 * •• •.
• • •
116
•
•<
•••
• • e a
1
1
114
115
NJ lit5i..'3.
DelABBk lit7i.'05FAA
BaitAA lit M 5i.'20 MA>
Bdlson Blec 5s stk tr ctf
Blec A Peop'i Tr stk tr ctf e
BlmAWUm lit 61. 10 JAJ
Inoome 5s.... 2862 AAO
Hq 111 Gas-L lst.g5i.102Hestonr M A F oon 5s.'24
HA B Top oon 5s.'25 A tO
'
Ry
.1933
Lehigh NaT 4)4i..'14 Q-J
116
118)4
s •
1914 Q-F
Gen M4)4ig.. 1924 Q-F
Leh V C'l lst5sg.'33JAJ
Leh Val ext 4s.. 1048 JAD
2d 7s.
1910 MA;
Consol 6s
1923 JAD
JAD
Annuity 6s
Nat Asphalt 61.1951. JAJ
New'k Con Gai 5s '48 J AD
Newark Pass oon 5s. 1930
t • •
*••••
100
"07*4
117
110
87*4
112
117
1939 AAO
1939 AAO
lit5i.'17MAN
People's Tr tr certs 4i.'43
2dietiei 61. .1911 MAS
3d series 6s. .1916 MAS
4th ser 3-4-5S.1921MAS
5th series 5i.l926 MAS
116
120
110
116)4
4s
Steel
Phlla Bleo gold trust otfl
Trust oertfi 4s
PhAKr gen 5g.'20 AAO
4s g.. 1920 AAO
Gen
M
M
5i.'33 AAO
M 7s.. 1911 JAD
M 8s g... 1911 JAD
Bxtl mp M4s g. '47 AAO
Con M of '82 4i.'37 J<&«
Ph A Read 2d
• • s • •
93)4
67
U7M
iao
197)4 183
194)4
105
•atl
100)4
Com
1*0994
88H
•
«••«
« t
•••
ifltai
. .
Consol
••••
•••at*
it.tM
•Ml
05
•
•
*
• • •
108)4
90)4
84)4
130)4
108)4
131
187
Mill
IMJs
•
••I
•
•atl
Con
lit
So.Bound 1st 6s '41. AAO 109>*
UnBl UAPlst4)4s'29MAN
Un Ry A Bl 1st 4s'49.MA8 "9494
Income 4i 1949. ...JAD
6694
Vlrg Mid lit 61.1906 MAS 107
119
IOSS,
*••,.
NYPhUANorlit4i '30JAJ 104
84
Inoome 4s. 1 039 MAN
No Penn 1st 4s..'36 MAN
GenM7s
1903JAj 107
Penn gen 61 r.. .1910 Var
Cons 5s
117
117)4
5s.l941J4J 118
SecATTn(Pltti)5i'34J&D 116
BaT Fla A Weit 5i '34 AAO 114
Seaboard A L 4s 1950....
85)4 8594
Seab A Roan 51.1926 JAJ 114
98)4
U094
Penn
121)4
181)4
•»
107
Maryland Brewing 61 ....
Met8t(Waih)lit5i'35FA 115
New Orl Gai 1st 5i...Var
110
113
108
• » 1
USSSI
11494
MaoonANlit 4)4i '90MAS
NewpN&OPlst5i'38M*N
US^
05
4s.
RR4ig
116
116)4
.
Indianapolis
100
ill"
Ter lit 5s. 1928 JAD
BergABBrewlst6i'31JAJ
Cambria Iron 81.1917 JAJ
Ches AD CanlitSi.' 1 6 JA
Balli
Consol 6s 0..,. 1905 Var 108
1019 Var
Consol 5s r
Penn A Md Steel oon 6s. 116
Pa A N Y Can 7s..'06 JAD
NorthCent4)4i.l935AAO
8i 1904
JAJ
Serlei A 5i 1926.... JAJ
ASK.
Va (State) 3s new.'32JAJ 99)4
Fund debt2-3s. 1991 JAJ 100
West N C oon 61.1914 JAJ 180
ChocAMem
Ga AAlalstpf5sl945AAO
GaCarANlit5ig.l929JAJ iVi'ii na"
130
GeorglaPlit5-6s 1922JAJ 118
Ga3o4Fla lit 5i.l945JAJ 114 US
SnoxrTrao lst5s '28AAO 87
90
Lake R Bl lstgu5i'42MA3 117
PotomVal
124
100
85
5-18
Dec
14 01
B
294 Jan. 12
4
80
94 Mar.
24 133*4 June 8
2 4 180
July 18
•••
•
Chas Ry G A HI 5i '99 M&S
00
03
CharlCAA ext5i.l909JAJ 182*4
3d 7i 1910
AAO 116
CltyASub lst6s.l022JAD 114
CltyA8ub(Wash)lst5i'48
04
Col&GrnTlit5-6.1917JAJ 122)4 I83>i
Consol Gas 61. .1910
H
June 18
June 18
June 18
17 139)4
8
14*4
WestVaCAPlstBg.'llJAJ
WU A Weld 5s.. 1935 JAJ
....
Ext A Imp 6I.1901M&S
NoBaltDlT5i.l942J4D ii9«
Series B 5s 1926.... JAJ
Pitt Un Trao 5s. 1997 JAJ
J107is
KO8tJoACB7s.'07 JAJ {lie
L RookAF 8 1st 7i.'05 J 4. {105
Mar H A Ont 6i...'25 AAO 1118
Mex Cent 4s g.. 1911 JAJ i 81
1st oon lno 3s g non-cum
3d oon lno 3i non-cum..
••
.
Norfolk St 1st 5s '44. JAJ
,105
{100
2110
;iS5
{186
flOl
{101
(105
C Ft SAG lit 7i.'08 JAD {114
C F SAMoon 6s.'28MAN {188
C M A B 1st 4i..'34
Income 5i
,
• •
Consol5s....l932MAN ill"
Ext A Imp 5S.1932MAS 118
ChasCltyRylst5s'23JAJ 105
Domln Coal llt6i.'13M&S alio
118
85
•
15
88)4
W
1st 4s.'48
i
ConT'rtlble 5i 1 906MAN
Central Ry 6s.. .1918 JAJ
.
DGRAW
163
185
BONDS
1108
86
94
Adjuitment g 4i.,1995 i 9 *
85
Boiton Term'l S)4i. .1947 11BM
Boi Un Gai lit 5i '39 J AJ i 8L
85
1939 JAJ i 54
2d MSi
60
Bur A Mo BIT ex'pt 61. JAJ {119
Non-exempt 61. '18 JAJ i
Sink fund 4i. .1910 JAJ
Cent Vt lit 4i 1920.. Q-F
86
Oh Bur A y 41.1922 Fsa slOl
IowaDlT 41.1919 AAO Uoshi
Chicago June 51.1915 JAJ luo
118
Oh A No M gu 5i.'31 M&N 2109 110
Chi A
M gen 5i.'31 JAD 3100 110
Curr't BIT 1st 5s.'27
AtlG-Lightlit5il917JAD
Atl Coait L otfi 5s .JAD
Bxohange 8)41.1 9S0JAJ
Balt&Plst6iml 1911AAO
•41
;«
48
Bonds— Baltimore.
Anaoostla A Pot
,5i
Atl A Ch lit 71.1907 JAJ
970
Bonda— Boston.
ATA8Fgeng4i.'95AAO
1014 MAS
1916 MAN
Bait Beit 1st 5I.1990MAN
BaltCPaslit Ss.101 1M4N
Bait Fundg 5s. 19 16
25
8)4
115
Apr.
July
Apr.
Apr.
Baltimore— Conolu'd.
{106*4 111
1st mort8i.. ..1905 JAJ {107
.'02 MAN {101)4
Rutland lit 81.
Rut-Can lit 4s 1949. JAJ 1101
••••••
Seat Blec 1st 6sl08OF4A U0494 103
Torrlngton 1st 5s 1918.. 1
102
West Bnd 8t 5i. .'02
8 ....
61
106)4 108
10
25
25
55
OnHlLAPowpf (Bait) 50
United Fruit (Bost) .100
US Mining..,. "
25
" 4-85
Utah Mining..
Warwick I A 8. (PhU) 10
Weitm rel Coal "
50
Winona Mlnlng(Bost) 85
WolTerlne Mln. "
85
4*4
AAO
,
18
145
5
Tamarack Mln.(Boit)
Tidewater St... (Phil)
Torrlngton "A"(Boit)
* TGI*. MiiiMii
OnCopLAM'g "
J*
16
IS
8,613
6,80e
Ask
MAN
60
8T.'.'(PhU)
1007
Deb It
25
85
"
"
"
G
Bid.
lit 6s.. 1987
4)4i
PlantenCompT(Bost)l00
Qulncy Mining.
Santa Tiabel
108)4
.....
88-4
46)4
10
305
27-
*n
New Kng Tele 5i.l6 AAO
6s
4
81
Co.... (Phil)
178
64)4
NBGai AC
170
83
3>s
1,603
1,035
50
....
"
NTANBnglit7i.'05JAJ
35
85
Palmetto
ParrottSllACop(Bost) 10
Penn EleoVeh. (Phil) 50
"
PTef
50
Pennsyl Salt... "
50
Penmyl Steel.. " ....
" 100
Pref
Phlla Co.
"
50
48
98
76
(Boston)
BONDS
Ask,
5
"
1,401
b85'-18 13-18 C10 7-16 16-18 d29 18-16 30
NewHavIA
Osceola Mining.
6894
. .
6 r )4Dec
20
Oct.
70)4iDec.
94 Dec.
*P'108
Deo.
70,540
448 118
050 151
350 585
8,030 1594
9,750
10)4
616 58
515 2094
774 40
473 32
(Phlla.) ....100
A Mfg.
Boston— Concluded.
NewBng con gen5i'45JAJ
N B CotYarn 5i 1020FAA
. .
25
....
....
•••11
.
Preferred
.J
MI8CKLL.—Conoluded.
Amer.Oement.(Phll) 10
M
89*
tdBrew.asstpdl Bait) 100
"
100
Pref., asst.pd
{•rsanthaier (Bost) 100
"
4«t Telephone
10
I
"
Camb.8teel,«18V4paldreoti.(Phila.)
50
Centennial Mining
(Boston).... 85
Consolidated Gas
(Bait.) ....100
Coniol. Lake Superior
(Phlla.) ....100
"
Preferred
.,,,100
Dominion Coal
,, (Boiton), ...100
Brie Te'ephone
"
,...100
Lehigh Coal A Navigation. (Phlla.) .... 50
Man-Jen Col
"
.,,,100
National Asphalt 1
"
.,,, 60
,,
"
Preferred!
.... 50
,
NewEng. Cotton Yarn, pref. (Boiton).,,, 100
"
New England Telephone....
....100
Old Dominion Copperl.,,,,,
"
...
80
Philadelphia Bled 5 paid.. (Phlla.)
Trinity Mining
(Boiton).... 26
United Qai Improvement T. (Phlla.) .... 50
United Shoe Machinery
(Boiton) .... 95
Preferred
.... 25
United Statei Oil
"
.... 25
ll»
Bid.
830
163
000
.
4«)4
89
90
....100
....100
"
89)4
STOCKS-BONDS
44)4
130
16
117
2d
MIBCBLLANBOTJB.
Dredg(Boit) 10
(Phil) 50
AmPneumSerT(Bost) 60
"
Pref
50
"
25
Areadlan
Arnold Mining. "
85
"
Atlantlo Mln'g.
35
"
85
Baltic Mining..
(PhU) 60
Beth Steel
Boston Hleo Lt (Bost) 100
Cambria Iron.. (PhU) 50
Camb BDrexel root " ....
Canton Co
(Bait) 1 00
Central OU
(Bost) 35
Con Mercar gold "
5
Oumb Tel A Tel " 100
Duly-Weit Mln "
20
Danv Bessemer (PhU) 1)4
"
DeLong H & E
10
Dlam State St.. « 10
" .,
frm
Domln Coal pf. (Bost)lOO
Dom Iron «S> S.tJ " ..
Kaeton Con EX (PhU) 50
Edison El IU.. (Bost) 100
leo Co ol AmTi (Phil) 60
Fran kiln Mln'g. (Bost) 26
General Elect..
" 100
- 100
Pref.
" 100
Ind-EgrpCom
"
1st But H <& 8
10
Lit SP<fcDynam(PMl) 50
Ialj BoyaleH..(Boet) 35
MaMofac Bub.. (Phil) 50
Prei.
60
48
15-6
83)4
160
171
301
185
885
88
Allouei Mlnlng(Boit) 95
LAS..
1394
46)4
Aak
Dec 27
iVs*
*
494
1894
111
Bid.
880*
9t
48<«
MAT"
Am O old
4 11-la
13
no sale wa? made.
60
171
64
23%
89
A Tel. Co..
.
•89
90
182 133
33)4 9494
46
90
18
815*
•86
BAILBOADS.— Price*
2
494
14
116)4 116)4
•11
INACTIVE STOCKS
Amer.
49
15
7894
80
185
184
Calumet & Hacla
47)4
89
13
163>4 163)4 Amer. Telephone
610
34*4 25
IS
1494
•6394 63
23
88
66 it 8894
"
.,,
18,875
....100
....100
"
Preferred!
18
76
494
"
T..
Preferred *
H5)4
4)4
76
•89
134)4 131)4
31
3194
46
11
•Bid ana
88
6894
4S94
15)4
30)
33
67
93
117
118
•1
139*
8*94
-2
11*4
7»i,
•80
12)4
62)4
8894
4«
•89
•134
81
4<H
•18)4
349i
'1794
16)4
18
294
89
•184
«1
11)4 '!«
31*4 62)4
7694
94
10394 118)4
119ia 113
183
183)4
SOO
570
8494 8414
O
23
48
1
'94
3<)4
6«)4
16)4
78)4
78k
*%
»
670
2494
1094
6194
98
108)4
114
iai»« 163
555 S-'O
63
S3
84*4
ION K94
«7
48
103
119
(Boiton). ...100
American Alkali
,..,. (Phlla.).... 50
Preferred, $10 paid
"
.,., 50
Amenoan Sugar Refining!. (Boiton). ...100
fr-
109ia 118
118 115
189
161
118)4 118
266
100
248
200
Miscellaneous Stocks.
•
115
163
660
HxgKttt
S3
0')4
•35
•4"94 60
10294 102)4
33
31)4
38
104
106
•30«>«9ii
d
H
J4
l
80)4
83)4
1494
03* 08*
•J8
68)4
•80
•70)4
109
8894
33
1494
83*
145
83
40
•4H94 60
10014 101)4
P0)4 80)4
58)4
37)4
b
•38M
158
180
75
63)4
23*
74
a
Lowest
1
101
144
106
810
•
900
93)4
Share*
0894
01
•94)4
....
Range of Sales in 1901.
1494
38*4
83
2)9
167
158
180
75
143
87
38
01
144
3 2)4
01
969)4
187
340
B<94
68)4
106
800
7894 74
•
•300
73*4
7394 74
35
94 1816 6)4
40
40H 40)4
90%
80 18-18 80
aio "aio*
959
16H
187
34C)4 3«0)4
191
101)4
169 150
•180
74)4 74)4
58)4 58)4
•144
145
3694 37
T Indicates unlisted.
Itnllrontl Ntooka.
Boston A Albany
5B 361
(Boiton)....100
Jan.
3
Boston HleTatod, full paid..
8lv 60)4 Jan. It
"
....100
19f 238
Boiton & Lowell
"
....100
July
1
Boiton A Maine
"
....100
60 180 Deo. 3
Ohio. Juno. A Un.Stook Ydi.
6r I4i)4 Jan. 21
"
....100
Preferred
"
....100
ir 136
Jan.
I
Ohoo. Okie. * O. trurt oeru. (Phlla. >.... 50
80'
87)4 Jan. 9<)
Preferred Tr. oertfi
"
.... 50
1,060 45
Feb. 30
Fitohburg, pref
17.?
(Boiton)....100
39 Jan. 10
Lehigh Valley
4,548 28)4 Jan.
(Phlla.)'.... 50
4
Waaiaohusetti Kleot. Cos. 1.(Boston)....10o
161 34
Jan. an
Preferred 1
"
871
....100
77)4 Jan. 17
Meiloan Central
"
....100
175 1 3)4 Jan. 20
Northern Central
(Bait.) .,,. 50
...
88)4 Jan. 19
old Colony
165 ^05 Jan.
(Boiton).... 100
1
I'enniylranla
1,57;*
(Phlla.).... 50
60 May
Reading Company
"
.... 50 104,351
4
12)4 Jan.
lit preferred
"
2,880 32 8-16Jan.25
,
,,
.... 50
"
3d preferred
,
.,,,50 34,371 19 Jan. 4
Seaboard Air Line
800
(Bait.) ,,,.100
094 Jan. 31
Preferred
"
063 2494 Jan. 31
.,..100
,
,,,
Union Paolflo
8,4 10 73)4 Jan.
1
(Boiton) .... 1 00
,
Preferred
"
51 82 Jan.
....100
i
Union Traction, »17)4 paid. (Phlla.)..,, 50
7,504 24)4 June 10
United Ry A Hleo. Oo
032 14 Deo. 10
(Bait.) .... 50
Weit Bnd Street.
82 0294 Jan.
(Boiujn).... 50
1
85994 95994
167)4
841
102
160
•101
180
75
158
ISO
•74)4
88)4
91
94*4
181
168
101
1»1
180
•
• 130
Dec. 25.
860
•259
•167
841
950
167
187
'841
Wednesday
7uet(<ay,
D«S. 24.
.Friday,
Dec. 27.
77iwr#cJay,
Dee. 26.
Terminal 5i g.1941 Q-F
P
WU A Bait 41.1917 AAu
108)4
185
•
«
•••
JAJ 107
90
1997 JAJ
Coliat trust 41.1921
Read Co gen 4s,
Rochester Ry oon 5s. 1930
3ohRBSIdelit5s g'35JAD
Scran Trac lit6i'32MAN
nnTracPlttigen5i'97.IAJ
Weisbachs f 5s 10S0.JAD
(And interest.
186
« ••••
•••••*
09)4
UOii
••••••
115K
64
•Prtoe Inolndes orerdue eoupo
.
«
1
65
••
Dbcember
28, 1901.
THE CHRONICLE.
J
%nuz$tmmt ami
1351
&lailxaaii %uUlli$ixuz.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly i< turns
can be obtained. The iirst two oolumns of figures give the gross earnings for the latest week OX mouth, and the la it two
columns the earnings for the period from Jul) 1 to and including such latest week or mouth.
The returns of
tlie
street
Notice Change— Our
railways are brought together separately on a subsequent page.
yearly totals now all date from July I.
Latest Gross flaming!
ROADS
Week
or
Current
1 <ar
Month
Ootohe r
AlaGt southern. 3d \vk Dec
AluNU* lexas I'ac J no.
17,490
Adirondack
47,0-10
Year
$
16,169
40,371
July
I
to Latest
Current
Year
•
76.612
1,181,696
Hate
.
I
B
O Southw. i
Aroost
Bangor
annuel
fath &
Septem her
Novem'lie!
iher
Novem
October.
..
November
October...
November
Ootober...
October. ..
ell a Zanes & Cln Ootober. .
1 1
1
eUefoute Cent'l November
Bridgt <fe Saoo K. Ootober. ..
Buff Attica & Arc Ootober...
fufl
Kooh&
uilalo
flit*
3d
wk Deo
ASusq... October.
.
O Rap A No November
Pacific 3d wk Dec
Cent'l of Georgia 3d wk Dec
Burl
Canadian
5,937
15,95
4,940
4,327
2,954
107,498
87,553
451,023
712,000
174,340
136,803
8,509
19,49"
4,187
4,349
3,478
99,335
77.644
385,324
605,000
141,950
58,894
49,189
Cent'lNew Eng.. November
Cent'l of N Jersey November 1,513.047 1.380,267
Central Paoitlo.. September 1,874,070 1,805,864
1,887
2d wk Dec
1,760
3d wk Dec 282,341 316,271
November 813.562 721,036
October.
5,196,603 5,164,236
Chic A E Illinois. 3d wk Dec 131,300 131,374
Ohio Gt Western. 3d wk Dec 121,226 130,332
70,102
80,563
Ohio Ind A L' v.. 3d wk Dec
ChioMilw&StF 3d wk Dec 822,589 906,491
ChioA North W'n November 4,046.328 3,483,189
Chio Peo <fe St L November
123,727 124,132
Cbattan South'n.
Ohesap a Ohio...
Ohio & Alton Ry.
Ohio Burl ik Quin
.
552,450
14,533
24,700
17,214
3,229,419
288,233
2,422,082
18.582,434
3,807,420
268,837
7,480,100
5,740,137
44,600
8,113,836
4,142,332
19,627,399
2,979,558
3,794,610
2,248,327
23,032,369
21,052,229
.
.
Col Newb & Lau. October..
Col Sand <fe Hock 2d wk Deo
Cornwall A Leb October.
Cumberl d Val ej October. ..
Denver A Rio Gi 3d wk Dec
Detroit Sou t hern. 1st wk Deo
Det & Mackinac. October. ..
.
DulSoSh A Atl..
St L & Carond.
E
Erie
Evansv
Evansv
&
Ai
Indian
1'H...
Farmv& Powhat
Find Ft \V& W..
Den v City
Ft
W&
Georgia RR
Ga South <fc Fla..
Gila Val Gdt N..
Gr Trunk System
Gr Tr & West'n
Det Or
HAM..
Great North'n—
St
P Minn AM.
East'nof Minn.
Montana Cent'l
Total system.
Hocking Valley..
Hous & Tex Cent
Illinois Central..
Illinois Southern
Ind Deo <fc West'n
Ind 111 <& Iowa...
Ini<& Gt North'n
Interoo (Mex)
Iowa Central
Iron Railway
Kanawha & Mich
Kan City South'n
Lehigh & Hudson
Lehigh Vai RR.
Leh Val Coal Co.
Lexing A East'n.
Long Island
Lou Hen &StL..
Louis v
<&
Nashv.
A Blrm...
Manistique
(Mexican Central
Macon
Mexican lntern'1
t Mexican Nat'l..
LMaxican Ry . ....
Year
1st
wk Dec
17,523
57,068
02,012
November
November
November
September
November
October...
N Y Susq A West October..
482,414 Norfolk
West'n 2d wk Deo
<fc
Northern Central October.
North'n Paoitio.o 2d wk Deo
15,559 Ohio
A Little
15,369
Kanawha
September
Paoiflo Coast Co. October
2,793,632 Penn— EastPAE. October.
234,781
WestP AE.... October.
2,195,953 Pere Marquette. 2d wk Deo
15,198,132 Phila A Erie
Ootober. ..
3,458,092 Phtla Wilm A B Ootober...
303,889 PineBtf.AArk.R. Ootober...
6,537,935 Pittsb C O A St L November
5,376,126 Pittsb & West'n. September
49,424
Pittsb 01 A Tol September
7,578,648
Pittsb Pa AF.. September
3,972,101
Total system... 2d wk Dec
18,389.256 Plant System2,732.101
Ala Midland.
3,426.638
Brims & W'n.
1,990,442
Chas ASav... November
21,145,955
Sav Fla A W.
19,179,463
Sil S Oo & G..
Oo.
577,300 Reading Read.... October.
Phil
17,954
611.024
StLCh iStP
October.
2,944,491 2,615,839 11,435,358 9,976,257
1,261,630 1,236.483 4,311,769 4,025,122
Ohio St PM AO. Ootober.
756,644
26,993
25,998
679,817
Ohio Term Tr RK 3d wk Dec
Okl A Gulf. 1st wk Dec H00.752 •84,181 * 2,71 1,947 * 1,815,301
Choo
93,694
87,058 2,520,403 2,231,070
Cln N O & T Fao. 2d wk Dec
CICinOhA StL. 3d wk Dec 344,650 384,013 9,448,776 8,760,531
49,415
53,226 1,243,492 1,134,713
Peoria & East'iJ 3d wk Dec
878,029
229,189 160,490 1,164,443
Clev Lor A wheei November
97,232 2,669,718 2,373,477
Colorado <k South 3d wk Dec 113,600
ChioRI&Fao...
Mexican South'n
YC&
158,570
Month
Mineral Range.. Ootober.
Mlnneap a- si L. 3d wk Dec
M St P<& 8 St M. 3d wk Dec
Mo Kan A- loxa* 3d wk Dec
Mo I'uui Iron Mi 3d wk Deo
Central Branch EM wk D-ic
3d wk Dec
Total
Mob Jack A- K C d wk Dec
Mobile Ac Ohlo..< November
800,184
176,177
828,819
184,331
•128,288
359,7*25
99,390
84,162
353.11:11
401.000
98.901
02,764
35,e80
895,550
813,711
30,890
31. 4.70
21,442
7,787
5,404
439,57b 1,779,094 25,547,304 22,189,987
721,757
680,291
239,823 224.791
39,201
260,787
204.879 Mont & Mex Gull
50,012
48,7.">7
6,171
11,344
26,418 Nash Ch <te St La.
740,523 702,894 2,458.019 2,385,096 Nev-Cal-Ore
90,404 Nevada Central..
20,260
109,860
19,530
37,093
32,609 N
7,694
Hud Klv
9.005
N YOntife West.
4,274,611 3,885,241 21,762,804 19,480,351
<fc
<fc
or
*
70,731
1,032.421
Qrou Sarninyi
.lnl>
I
to
Latest I'nte
.<<ii<
Year
N O & No Bast. Novem her
Ala* Vloksb'g Novem her
Vioksh Bh & P. Novemibt-r
Deo
3d wk _
Ann Amor
r.
Ann Wash* Hal. Ootoher ..
AtoUTop&S Fe. Novein her 5
Atlanta A: liar..
Atl Kuoxv .V: No.
Atlantic & Btrni
Atl Coast Line...
Atl Vald <k West.
Bait A- Ann SI,..
Bait A Ohio....)
Latent
HOAD3
J'levtoUi
.
Year
Year
t
283,105
044,000
V4.000
550,000
2,885
550. loo
113,007
683,731
15,652
2,314
,837,015
521,701
207.119
343,956
819,707
781,667
82
12,400
-'02
212.441
53,447
,080
68,474 1,763
.147
89,870 3.231,691
J.19
317,113
1.811
,ooo
605,000 18,149,000
683,000
21,000
,000
620,000 18,964.291 16,01
,99
72
3,109
552,000 2,569, loo 2,541,976
00
100,303
569,847
592,501 3,288,657 8,202,107
73,-99
78,
17,1/13
9,091
2,970
8,304
5,701,012 32,174,568 28,862,942
282, 022 2,127,510 1,639
998,007
077,593
94,310
321,895 7,920,195 7,308,228
618,107 2,930,27" 2,510,177
640,754 21,145,546 16,748,121
I
-
1
i
48.207
46,124
16,991
16,428
576,501
470,680 1,951.821 2,000,652
8,651,278 7,718.578 32,588,773 29.149,173
Inc. 3,3 80,300
Inc. 79 7,000
159,520 154,074 4,414,766 3,951,515
709.718 489,194 2,094,450 2,058,302
1,073.881
946.781 4,129,976 3,973,876
5,979
3,598
1,871,493 1,588,262 9,153,601 7,907.921
665,010
543.787
220,378 160,260
304.962
145,400 103,709
429,975
167.122
52,989
47,750
159.729
67.764 2,025,784 1,785,024
63,775
744,184
678,419
3,173,132
3,022,370
&
2,870,887 1,878,281 10,166,719 8,947,700
October.
3,165,134 1,021,046 9.786,835 8,290,190
Tot both Co's.. October. 6,036,021 2,899,327 19.953,554 17,243,896
308,761
82.694
340,095
Rich Fr'ksb & P . Ootober.
89,827
160,005
159,214
56,425
Rio Grande Jet.. September
58,781
285.806
279.239
11.333
11,055
Rio Grande So... 3d wk Dec
Coal
Air Co....
RioGr'de West.. November
Rutland
September
452,600
November
November
106,085
14,426
21,417
404,772
141,772
176,741
305,423
94,823
St Jos&Grl
St LKen'et ASo.
AN
17,709
16,716
57,095
55,896 StL
Ark
October ..
494.007 StL& San Fran g 2d wk Dec
19,082
585,420
19,373
18.291
134,169
31,643
91,866 St L Southwest 3d wk Dec
423.144
115,976
92,914
384,329 St L Van <& T H. November
219,100 222,900 5,998,462 5,777,086 San Ant & A P.. October...
25,396
22,611
562,962
503,234 San Fran & N P. November
268,150
65,850
63,404
281,586 San Pedro Los An2d wk Deo
43,998
36,038 1,262,540 1,213.378
geles A Salt L. November
18,000
November
12,196
70,617
61,914 SFe Pros & Ph.. 2d wk Dec
19.743
17,297
October.
3,757,162 3,158,337 14.672,153 12,976,518 Sav Fla A West.. November /744.184
3d wk Deo
5.615
6,343
163,878
170,550 Seaboard Air L.. 2d wk Dec 206,060
3d wk Deo
721,712
22,619
28,454
702,540 So O&GaExt... November
25.878
Ootober...
23,401
6,058
5,143
23,461 So Haven & East. November
5,018
September
9,635
9,610
33,638
30,009 Southern Ind
November
52,918
October. ..
198,692 230,856
713,960
701.317 So Miss A Ark ... November
21.628
October. ..
233,431 189,428
649,197
613,772 So Pacific Co 6... October... 7,891,099
November
523,274
99.868 104,429
503,636
Cent Pacific
September 1,874,070
October..
116,806
36,163
32,132
123,355
Gal Har & S A. September 589,811
2d wk Dec 567,455 553,678 13,959,733 13,123,817
Gal Hous A No September
40,887
1st wk Deo
80,660
GulfW. T. &P. September
73.486 1,851,185 1,780,207
17,331
1st wk Dec
513,311
497,134
Hous.E. &W.T. September
21,243
20,143
68,739
Hous. A Shrev. September
17,894
November 3,122,441 2,172,948 13,844,619 10,394,051
HousATexCen September 517,476
November 546,980 383,158 2,736.190 2,023,492
Louis'a West... September 143,183
November 100,995 158,711
746,834
874,854
Morgan's L A T September 723,071
November 3.770,416 2.714,817 17,327,643 13,292.397
NY
37,079
.. September
2d wk Deo
93,870
92.050 2.519,284 2,234.346
Tex ANOrl.... September 227,424
September 517,476 504,520 1,325,890 1,144,593
So Pac of Cal
September 1,735,548
November 3,497,530 3,142,838 17,234,070 15,188,994
So Paoof Ariz. September 334,010
November
12,665
59,413
51,430
8,282
So Pao of N
September 200,920
July
59,698
55,928 Southern Rallw'y 3d wk Dec 683,044
59,698
55,928
OotoDer. ..
147,090 108,943
562,796
400,392 TerreH A Ind... November
139,107
3d wk Dec 108,883 127,384 2,469,998 2,463,209 Terre H & Peor.. November
47,117
wk Deo. 7 80,700 63,400 1,658,100 1,723,380 Texas Central . . IstwkDec 19.550
3d wk Dec
49,745
52,009 1,200,685 1,101,165 Texas & PaciHo.. 3d wk Dee 302,706
November
6,477
32,985
22,162 TexS
4,342
W .. October.
17.500
3d wk Dec
429,810 Tol & Ohio Cent 3d wk Dec
15,643
506.397
17,508
40,451
November 468,943 380,037 2,151,735 1,847,016 Tol
West.... 3d wk Dec
19,738
November
184,058 TolStL A
29,218
36.214
105,278
3d wk Dec
38,791
October. .. 2.894,058 1,645,123 10,087,553 8,023,033 Tor Ham & Bull 2dwk Dec7,900
October. .. 2,138,415 679,000 6,921,100 6,153,718 Union Pac RR )
October. ..
37.771
139,100
122,042
Oreg
31,070
October.. 1,797,260
October. ..
Inc 59 ,134
Inc. 31 3,711
Oreg Sh Line.
November
54,488
290,507
52,802
280,613 Wabash
3d wk Dec 319,275
3d wk Dec 515,175 572,310 14,409,497 13,182,817
Jersey A Sea'e October. ..
200,730
November
11,808
52.140
40.008
9,623
VCen A Pitt.. September 102,107
November
4.275
3,208
29,678
35,456 Wheel &
November 298.144
3d wk Dec 367,705 316,006 8,034,195 7.715.205 Wichita Valley... October...
8.132
October. ..
501,070 4S3.923 1,917,066 1,738,450 Wisconsin Cent.. 3d wk Deo
89,000
3d wk Dec 154.381 125,732 3,496,520 3,460,878 W'rightsv A Til.. Ootober...
16,847
WkDeo. 7
87,900
72,900 1,835,400 1,857,500 Yazoo & Miss V.. November
805,444
T&Mex
.
M
VAN
P&
.
.
W
398,900
2,322,74'
378,843
190,203
159,077
345,634
86,482
576,093
638,789
72,416
80,100
10,097,952
3,049,810
913,578
934,021
543,094
9,418
19,508
448,930
88,833
13,495
7,15'.
2,170,90(1
493,020
581,427
57,024
34,332
8,551,402
3,604,429
847.-7-
918,946
493,137
419,379
/'678,419 A3.173.132 '3,022,370
205,410 5.138.682 4,731,425
115,939
112,751
26,428
4,606
161,528
268,690
30,967
88.01O
98,970
16,110
7,417,177 28,813,263 25,402,995
1,805,864 5,740,137 5.376.126
521,683 1,729,362 1,485,247
74,177
100,034
19,875
33.343
45,808
14,839
165,037
203,310
56,624
35,196
15,202
48,760
504,520 1,325,890 1,144.593
350.435
428,690
137,296
590,121 1,951,071 1,646,592
00,169
93,219
23,737
573.260
724,170
212,849
1,559,459 5,382,712 4,548,749
814,140
987,464
288,296
587,450
447,990
152,894
724,896 17.930. 4?« 17,119,339
133,1-^
714,539
696,659
233. 121
249,673
48,521
309,
22,766
3«>i 829
323,050 5,635.013 5,253.000
47,OOo
49.700
10,900
48,951
22,372
46,862
6,825
1,243,706
1,240,202
575,50 t
1,070,711
237,313
171.754
1,400,056
1.340
.
RK&N
W
W
LE
4,542,367 17,110,362 16,081,479
372,721
237,330
95,338
205.1-1
7,756
94,850
17,375
689,013
.093
9,410,808
1,755,769
309
1,535,020
286.546
1,295,505
2,887.444
45,905
2,775,950
57,703
2.448,763
1,668,369
.773
* Figures from November 1 are for the railroad only.
§ Covers results on lines directly operated east of Pittsburg.
\ Mexican currenoy.
• Includes Paducah &. Memphis Division from July 1 in both years.
©Includes tbe Houston <fc Texas Central and its subsidiary lines. Earnings oi the Cromwell Steamship Line, not previously reported, are
now also included.
e Results on Montgomery Division are included in both years.
d Inoludes St. Paul <fc Duluth for both years.
« Inoludes results on Sher. Shrev. & Southern, Mo. Midland and San Antonio extension tor this vear. but not for last year.
f These figures
are the results on the Ala. Midland, Brunswick ii Western, Charleston & Savannah, Savannah Fla. <fc West'n and Silver Springs Ooala & Gulf.
g These ngures inolude, besides the St. Louis & San Franoisoo proper, the Kan. City Ft. Soott &. Memphis aud Ft, Worth <& Rio Grande.
THE CHRONICLE
1352
Latent Gross Earnings.
Period.
ItOADH.
.
Ourrent
Atlanta & Charlotte Air Line.
Apr.
Jan.
No. Jan.
Jan.
Bellefonte Central
BnrlliiKton Cedar Rap. A
Central of New Jersey
Chloago A North-Western....
Chloago Rook Island A Pao..
Ohio. St. P. Minn. A Omaha.
Choctaw Oklahoma A Gulf..
Cumberland Valley
East St. Loals A Carondelet.
Ft. Worth A Denver City
International A Gt. North'n.
Lehigh Valley RR
Lehigh Valley Coal
June
Apr.
Jan.
Nov.
Jan.
Jan.
Jan.
Jan.
Deo.
Deo.
Manlstlqne
Jan.
Mexican Central
Jan.
Mexican International
Jan.
Mexloan National
Jan.
Mexican Railway
Jan.
Mexloan Southern
Apr.
Missouri Paolflo
Jan.
Central Branch
Jan.
Total
Jan.
Monterey A Mexloan Gulf.... Jan.
northern Central
Jan.
-
Pennsylvania, East of P.
West of P.
AE
A E.
Pere Marquette
May
Jan.
Jan.
Jan.
Jan.
Philadelphia A Erie
Phlla. Wllm'g'n A Baltimore. Nov.
Pitts. Olnoln. Chlo. A St. L... Jan.
Rio Grande J nnotlon
Deo.
Vandalia A Terre H....
South Haven A Eastern
South. Missouri A Arkansas..
Terre Haute A Indianapolis..
Terre Haute A Peoria
St. L.
Texas A Paolflo
West Jersey A Seashore
Nov.
Jan.
Jan.
Nov.
Nov.
Jan.
Jan.
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Previous
Tear.
Tear.
Tear.
Sept 30
1,867.049 1,193.630
89,528
47,19:
Nov. 30
Nov. 30 4,778,018 4 433.647
Nov. 30 15 573,724 13,927,525
Nov. 80 24,96\33( 22 867,625
Oct 31 17,759,618 15 533.536
Oot 31 9,186,264 8,526,842
442572
591,087
Deo. 7
851,235
918,551
Oct 31
143,236
149.587
Nov. 30
Oct 31 1,784,790 1,429,710
Deo. 21 4.863,333 4,278,231
Oct 31 25.563,141 22.233,290
Oct. 31 19.642,095 16,496.050
88.511
99,649
Nov 30
Dec. 21 16 900,681 16,642,340
4,847,203 4 410.475
Oct. 31
Dec. 21 7.423 003 7,527.104
4 039 900 4,218.400
Dec.
5B9.949
596,192
Deo. 7
Dec. 21 14.087,958 29,748,196
Dec. 21 1,274.4 7 1,300.811
Deo. 21 35 709.S29 31,233 473
Nov. 3C 1,276,387 1,267,549
Oct. 31 6,881,071 6,316,171
Apr. 30 3,071,166 3,817.620
Oct. 31 77,419,484 39,970.484
Ino. 4.S 56.100
Oct. Si
Deo. 14 8.678,433 7,795.360
Oct. si 5,679,167 4,692,811
Oct. 31 11.80«,24fl 11.324.249
Nov. 30 18 904 658 17,291,436
443,471
460,795
Sept 80
159,077
176,741
Nov. 30
51,767
52.188
Sept 30
202.455
169.759
Nov. 80
133,488
139,467
Nov. 30
47,117
4«,521
Nov. 30
Deo. 21 11.283,370 9.701,980
Oct. 31 3 248.421 3.069.521
last year.
3d week of December.
1901.
$
A annua
1900.
Increase.
*
Buffalo Rooh.
& Pittsb'g.
Canadian Pacific....
Chicago A East. Illinois.
Chloago Great Western.
Chlo. Indlan'lis A Loulsv.
Chloago Milw. A St. Paul.
Chlo. Term. Transfer
Clev. Cin. Chic. A St. L..
A Southern
A Rio Grande
Evansv. & Indianapolis.
Evansv. A Terre Haute.
Colorado
Denver
Int.
&
Great Northern..
Kanawha A
Louisville
A
Miohlgan...
Nashville..
Minn. A St. Louis
Mtnn.St. P. AS. Ste. M..
Mo. Kansas A Texas
Mo. Paoifio A Iron Mt
. .
Rio Grande Southern
St. Louis Southwestern ..
Texas
A
Paolflo
Toledo A Ohio Central..
Toledo Peoria A West'n
Tol.
8t
L.
A West
47,046
30,890
107,498
712,000
174,340
282,341
131,300
121,226
70,162
822,589
26,993
344,650
49,415
118,600
219.100
5,615
22,619
108,883
49,745
15,643
515,175
367,705
154,381
62,012
125,687
283,165
544,000
12,000
11,333
141.772
683,044
302,706
40,451
19,738
38,791
349,275
89,000
125,732
63,474
89,870
317,113
605,000
21,000
11.055
190,203
724,896
323,050
48,951
22,372
46,862
372,721
94,850
7,195,890
Gt. Southern..
7,453,905
46,371
35,086
99,385
605,000
141,950
316,271
131,374
130,332
80,563
906,491
25,998
384.013
53,226
97,232
222,900
6,343
28,454
127,384
52,609
675
4,193
8,163
107,000
32,390
33,930
74
Tear,
p. o.).
—
December.
1901.
$
Previously rep'd (42rMs)
$
8,491,878
158,540
Chattanooga Southern.
Col. Sandusky A Hooking
Duluth 8o. 8hore A At..
Northern Paolflo
Pere Marauette
St Louis & San Fran
1,760
8,000,465
154,150
1,887
19,085
36,038
640,754
154,074
378,843
174,481
19,568
Louis Southwestern.
Santa Fe Pros. A Phcenlx
St.
19,373
43.998
781,667
159,520
404,772
165,294
19,743
206,060
7,900
10,450,505
NetJLnorease (6-73
p. o.)..
205,410
6,825
9,791,576
Tear.
9
9
12,489,228 12,071,003
111161247 18,930,367
32,367
66,019
229,326
1,364,668
14,266
66,989
751,394
6,798,117
242,575
1,171.520
166,391
1.032.184
121,062
614.495
1,055,539
5,934.271
1,000
2,918
27,382
149,872
203,203
964,094
161.819
638,207
18,845
82,851
def.266
29,463
1,469,687
1,025,710
4,055
309,293
125,253
603,473
142,712
449,967
4,389
567,921
5,545,700
§292,472
$930,492
284,496
912,576
46,103
91,876
535,068
2,666,867
79,793
483,652
5,264
32,704
60,059
175,030
1,048,969
6,909
61,918
583.192
5,409,705
194,145
930,957
150,461
1,009,764
96,143
554,266
873,414
4,593,430
def.2,140
def. 2,895
27,536
145,708
184,578
855,049
112,698
385,840
15,588
93,349
def.4,080
28,418
1,831,249
8,850,465
27,531
809,391
103,451
357,033
124,721
544,604
1,884
390,024
4,573,563
§424,912
§1,307,433
228,138
880,579
58,055
104,000
379,908
2,278,490
86,103
439,528
4,367
These figures include, besides the old Savannah Florida A Western,
Alabama Midland, Brunswick A Western, Charleston & Savannah
and 811ver Spriogs Ocala A Gulf, all of whioh have now been consolidated. For last year the earnings of these separate roads are combined
3,800
*
728
the
5,835
18,501
2,864
1.865
57,135
for purposes of comparison.
rentals amounted to $161,759,
t For November, 1901, taxes and
against $162,292, after deducting whioh net for November, 1901,
was $2,327,469, against $1,908,711. From July 1 to November 30,
1901, taxes and rentals amounted to $842,799, against $816,864,
after deducting whioh net was $10,318,418, against $8,113,503.
51,699
28,649
1.462
35,817
33,948
61.000
9,000
§
Net earnings are after allowing for expenditures for betterments.
Interest Charges and Surplus— The following roads, In
addition to their gross and net earnings given in the fore
going, also report oharges for interest, &o,, with the surplus
above or deficit below those oharges,
278
48,431
41,852
20,344
8,500
2.P34
8,071
23,446
5,850
282,034
..
1900.
Tear,
b Net earnings here given are before deducting taxes.
16,368
,
Int., rentals, etc.
—
Ourrent
Increase.
$
597,367
4,390
Decrease.
9
Tear.
,
^Bal. of Net Earn' s.^
Ourrent Previous
Jear.
S
Tear.
9
1,338
2,171
*117.654
*604,459
*124,620
'628,688
def.5,519
2,584
148,^18
1,768,788
96,723
1,145,599
•71,014
*378,445
*116,585
502,409
105,952
STREET RAILWAYS AND TRACTION COMPANIES.
127
291
7.960
140,913
5,446
25,929
The following table shows the gross earnings for the latest
period of all street railways from whioh we are able to ob
tain weekly or monthly returns. The arrangement of the
Cable is the same as that for the steam roads that Is, the
first two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and inoluding suoh
latest week or month.
•
—
119,187
175
650
1,075
784,196
658.930
Previous
9
9
12,428
12,928
62,334
64,818
130,358
133,089
653,657
656,318
68,397
74,422
364,806
365,356
July lto Nov. 30....
298,301
419,103
Pi;tB. 0. C. A St. L..NOV.
3,776,912 ,3,427,964
Jan. 1 to Nov. 30
Roads.
Cent. New England. Nov.
July lto Nov. 30....
Ohio. A E. Illinois.. Nov.
July 1 to Nov. 30
540,049
258.015
For the second week of December our final statement covers
and shows 6'73 per cent increase in the aggregate
over the same week last year.
oj
Set Earrings. — —
Ourrent Previous
a Net earnings here given are after deducting taxes.
89.363
3,811
>•
53 roads,
2d week
.
995
•
Tear.
Net decrease (3*46
.
. .
9,106
10,401
83,902
17,508
572,310
316/06
Decrease.
$
$
Gross Earnings.
Ourrent Previous
Roads.
9
9
Itch. T. A 8. Fe.b. Nov
5,439,578 4,779.094
July 1 to Nov. 80 ... 25,547,304 22,189,987
Suffalo Gas Co
Nov.
Oct 1 to Nov. 30....
Bufl. R. APlttbs.b.Nov.
523.103
438,398
July 1 to Nov. 30
2,885,611 2,495,628
Central New Engb.Nov.
49,189
58,894
July 1 to Nov. 80
268,837
303,889
Cent, of N.Jersey. a. Nov. 1,513,047 1.380,267
Jan. 1 to Nov. 30
15,573,724 13,927,525
Ohio. A East. Ill.b..Nov.
530,742
472,173
July 1 to Nov. 30.... 2,579,586 2,832,254
Ohio. Gt. West'n.b Nov.
647,259
557,018
July '1 to Nov. 30.... 3,393,299 3,047,870
Oln. N. O. A T. P.a.Nov.
474,106
394,192
July 1 to Nov. 30.... 2,327,668 2,055.183
Srle.*
Nov. 3.545,221 3,169,525
July 1 to Nov. 30
18,217,373 16,146,043
Farmv. A Powhai'n.Oct
6,058
5,143
July 1 to Oct 31....
23,401
23,461
a. South. A Fla.a.Nov.
101,429
99,868
July 1 to Nov. 30...,
523.274
503,636
aocklng Valley. a. .Nov.
469,920
407,776
July 1 to Nov. 30.... 2,312,124 2,034,903
Kan. City 8outh..a.Nov.
468,943
380,037
July 1 to Nov. 30
2,151.735 1,847,016
on. Hen. A St. L.b. .Nov.
54,488
52,802
29 0,576
July 1 to Nov. 30....
280,613
Manistlque. b
Nov.
4,275
3,208
Jan. 1 to Nov. 30...,
88,611
99,649
Missouri Pacific. b.. Oct
3,726,496 3,196.436
Jan. I to Oct 31.... 36,450,828 26,390,473
Mont. A Mex. Gulf. Oct
131,120
111.957
July 1 to Oct 31.... 1,182,720 1,167,186
M. V. Sub. A West.a.Nov.
249,945
225,875
903,468
July 1 to Nov. 3o.... 1,248,811
Pacific Coast Co..aOct
576,501
470,686
July 1 to Oct 31.... 1,951,821 2,000,652
Fine Bluff A Ark. R.Oct
5,979
8,598
1,871,493 1,588,262
Pitts. O. C. A St. L.a.Nov.
Jan. 1 to Nov. 3o.... 18,904. (.53 17,291,436
800,964
737,968
St. Louis So'west.b§Nov.
July 1 to Nov. 30.... 3,190,823 3,073,286
744,184
678,419
Sav. Fla.A West.b.*Nov.
July 1 to Nov. 30.... 3,173,132 3,022,370
86,038
81,139
Texas Central. a
Oct
211,841
199,602
July 1 to Oct 31....
Nov. 1,639,573 1,431,584
Wabash. b
July lto Nov. 30.... 8,345,278 7,567,577
298,144
265,181
Wheel. A L. Erie. .Nov.
July 1 to Nov. 30.... 1,535,026 1,295,565
7,756
Oct
8,132
Wiohita Valley
Latest Gross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the latest
week. The table covers the third week of December and
6hows 3*46 per cent decrease in the aggregate from the same
week
LXXIU.
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Dec. 21,
1901.
The next will appear in the Issue of Jan. 18, 1902.
Total* for Fiscal Year.
In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that toeing now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roada that
These with their dates are
etlll have their own fiscal years.
brought together in the following.
Paolflo Mall
[Vol.
125,266
1
December
THE CHKONLCLK.
28, 1901.]
1353
— Int., rental*, el«.—
STREET KAILWAYB AND TRACTION COMPANIES.
Current
Lateit erosi Earning*.
Obom
earnings.
WeekorMvl
Alton iiy. Gas & Elcc. November
American it'yu. Oo.» November
Augusta (Ga.) Ry. &
Eleo
Oln.
A. Sill.
Newp.
nl
Year.
1 to Latett
\P™>'™ Current
I
11,712
73,798
Year
Prcv\ou$
Year.
Year.
9
10,006
6l.88t
Date
f
727,907
796,290
.
& Cot
.
18,031
15,107
15,77'/
.
September
588,710
36.976
40,925
610.64',
37 67
3,177 "3.000
39.365
5,1*8
Olev.Chagrln F's El'o Ootober...
4.138
7f>,16:7,201
Cleveland & Eastern. October
8,765
191.29H 174,734 2,097.210
Cleveland Eleotrlo . November
21.125 15,813
229,853
Oleve. Ely & West... November
November 18,238 10.925 15 8,0 M
Oleve. Palnsv. A E.
Oonsol. Trao. (Pitts.) November 266,839 235,54f 2,796,396
8,607
7,450
113,731
Dart.* W'port St. Ry. November
November 118,863 10».766 1.374,784
Denver City Tram..
3dwk Deo. 61,465 65.07i 2,823,747
Detroit United
3dwk Deo. 6,180 5,414
Rapid Railway
3dwk Dec. 66,615 60,486;
Total
Duluth-Sup. Tract. > November 38.956 37.15S
412,901
City Eleo. (Rome.Ga.)
November
52.131
1,876.050
163,674
181 184
2,603,140
95,706
1,187.728
2,492,866
. .
.
.
DnluthSt. Ry
November
October.
Ootober.
Internat'l Traction—
Ootober.
(Buffalo)
..
..
27,322 25,324
10,804
32,168 '27,103
284,719
331,404
580.501 234,152 3,998,737 2,216.663
10,419
8,109
118,226
101,711
10.105
9,257
116,814
97,641
64,'26b
5.505
Ootober... 483 939 442, 19f 5,000,167 4,765,434
November 154,913 147,616 1,756,596 1,652,403
November
6,531
5,916
65,779
62,658
Ootober
105,606
8,516
8,386
112,407
November
3.554
64,465
3,865
57,814
November 49 248 40,935 563,527 475,330
November
4.200
49.62S
3,934
46,988
November 286,971 209,670 2,745,743 2,206,580
Ootober
18,737 11,082
143,774
120,608
..
November
Lehigh Traotlon
LondonSt. Ry.(Can.) Ootober...
Mad. (Wis.) Traotlon. November
Mass. Eleo. Oo.'s
Montreal Street Ry
Muscatine St. Ry
.
New Castle Traotlon.
New London St. Ry..
Northern Ohio Tract.
Olean St. Ry
Philadelphia Comp'y
Pottsv'e Union Trac.
Railways Co.Gen.—
Roads
. .
November
November
Light Go's
Richmond
Traotlon.. September
Sacramento Eleotrlo
16,101
2,083
20.991
200,762
17,850
169,748
12,603
1,86(
20,727
156,909
Gas&Ry
November 36,093 32,378 380,304 340,800
November 479,390 436,762 5,312,79b 4,004,923
St. Louis Transit
Schuylkill Traction. November
11,382
7,722
Soranton Railway...
Sioux City Traot
Southern Ohio Traot.
Staten Island Eleo...
Taooma Ry. <fe Power
Toledo Rys. & Light.
Toronto Ry.
Twin City Rap. Tran.
Ootober...
November
November
2,636
16,275
27.701
t
508,189
188,676
312,432
49,729
314,433
1,072,250
48,780
14,591
22.88(
September
504,856
270164
47,15i
Ootober... 84,087 26.79f
239,149
October... 114,666 101,220
972,478
October... 152,514 L26.531- 1,360,848 1,228,952
November 268,517 239 71S 2,879,634 2,582,535
Union (N. Bedford).. November 21,797 19,016 256,470 230,487
United Traotlon—
)
Albany City
8,046
80,133
60,770
617,677
ANNUAL REPORTS.
Annnal Reports. — All annual
reports of steam railroads,
and miscellaneous companies which have been
published dnriDg the last half of 1901 may be found by refer
ence to the general index on other pages of to day's Chronicle, the annual reports being indicated in this index by
street railways
November 118,792 111,336 1.244,449 1,230,142
Union Pacific Railroad.
(Report for the year ending Jane SO, 1901.
On pages 1360 to 1364 is given the report of Mr. Alexander
Millar, Secretary; also the consolidated income account, consolidated balance sheet and other tables. Below are given
the earnings and expenses of the several properties separately.
UNION PACIFIC PROPER.
OPERATIONS, EARNINGS AND EXPENSES.
1900 01.
189900.
Average miles operated
3,011
2,927
Ope rat ions—
oarrled
1,809,738
Passengers (revenue)
1,766,878
Freight (revenue) carried (tons).. 5,272,493
1898-99.
2,422
1,526,465
4,359,224
$
14,148,630
3,307,664
1,318,856
856,656
4,872,212
$
16,504,305
4,084,946
1,357.510
322.932
827,214
25,472,601
23,016,907
19,811,641
3,192,003
3,203,329
7,362.491
674,000
789,960
2,156,860
6,911,886
671,777
767.894
2,186,760
2,145,794
5,883.032
624,449
672,133
13,322.223
11,412,168
Earnings—
$
.18,482,554
4,410,334
1,353,766
Freight
Passengers
Mall
Express
Miscellaneous
889,-291
Total
292,190
744,401
Ext)CitSC8
Maintenance of way, eto
Maintenance of equipment
Conducting transportation
General
Taxes
Total
15,222,383
Per cent of expenses to earnings. (59-76)
10,250,218
Net earnings
2,913, »-06
(57-80)
9,724,684
(57-60)
8.399,473
i
OREGON SHORT LINE RAILROAD.
$
EARNINGS AND EXPENSES.
190001.
189900.
[
t
75.8ftO
812.287
9,770
90,566
78,223
766,002
other lnoome. After deduotlng $86,143 for
t These figures Include
Interest on funded debt and dividends on preferred stock In Nov.,
1901, and $86,476 In 1900. there Is a surplus of $21,5>-o this yenr,
against $7,426 last year. From April 1 to Nov. 30. 1901, tin; deduction for Interest and dividends was $690,644, against $692,096 In
1900, leaving a surplus of $142,059 this year, against $100,189 last
year.
United Traot. (Pitta.) November 171,425 153,65',
United Tract. (Prov.) November 203, lOt 189,287 2,456,589 2,174,329
i
8.927
89.362
69,466
764.874
9
heavy-faced type.
S
Elgin Aurora <s Sou
Galveston City
H arrlsburg Traotlon
Year.
9,675
94,093
Roadi
Sacramento Eleotrle Oiis
la Oat
A Railway Co.... Nov.
Feb. 1 to Nov. 80...
Twin City Rap. Tr. •Nov.
Jan. 1 to Nov. 30...
169,95(
157,049
16ti.l OK
185.107
18,616
1,0(17.10* 991,454 10163946 I00ti60t. li
159,4.'
9,78V
131 066
12,041
Eleo.. November
Ootober
Nov ember
October
. .
Bingham ton RR
BTklyn Rap.Tr. Co.
Chicago
^
Jan.
r-Bal.of Net Eam'i.->
PrevU/ui
Current
Year.
Year.
*
9
Previoui
Year.
9
Average miles operated
These are results for properties owned,
Strike of employes In October, 1901.
—
Operation!
710,593
Passen. oarrled (revenue) number.
Freight carried (revenue) tons... 2,622,569
Street Railway Net Earnings.— The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing re
turns, and the latest statement of this kind will be found
in the Chronicle of December 21, 1901. The next will ajpear In the issue of January 18, 1902.
—
.
9
11,712
58,976
15.107
.
94,418
Cons.Tr.(Pitt8b l.b.Nov.
266,839
Apr. 1 to Nov. 30.... 2,114,267
Montreal St. Ry ...Nov.
154.913
Oct 1 to Nov. 30...
320,973
.
Sacramento Eleotrlo f»as
& Railway Co
Nov.
Feb. 1 to Nov. 30 ...
Twin City Rap. Tt. bNov.
—
Jan. 1 to Nov. 30
— Ne
Broil Earning*.
Current Previoui
Tear.
Year.
Roads.
Alton Ry. G as & El Nov.
July 1 to Nov. 30
Blnghamton RR.b. Nov.
July 1 to Nov. 30..
36,093
348,199
268,517
2,879,634
t
Earning t.
Current
—
Year.
10,006
49.714
13,615
83,589
235,545
1,968,391
147.616
306,893
9
5,824
29.536
6,803
45,797
140,624
1,109,557
58,423
139,273
4,503
24,412
7,024
41,339
128,957
1,064,220
61,3*8
124,823
32,378
312,039
239,713
2,582,535
19,445
184.659
154,073
1,5/8,289
$
'
Int. , rental* etc.
,
Roadt.
Cons. Trao. (Plttsb.)Nov.
Apr. 1 to Nov. 30 ..,
Montreal St. By... Nov.
Oct 1 to Nov. 30...
>
Previoui
Tear.
Tear.
9
9
62,649
63,050
507,474
497,801
13,967
9.189
29,351
18,797
Tear.
9
1107,723
t832,703
44.456
109,922
1,42\859
295,2^0
142,794
52,823
124,489
34,541
Total
Expenses—
Maintenance of way, eto
Maintenance of equipment
Conduotlng transportation
8,578,398
7,577,109
1,233.530
784.068
2,184,395
180,534
278,478
1,074, =57
685,415
1,882,688
160,778
281, l£6
944,367
605.032
1,762,717
190,941
295.772
General
Taxes.
4,104.934
3.798,829
(47-85)
(5014)
3,778,280
Total
4,661,005
(48-18)
operating expenses to earns.
5,012,274
Net earnings
P. o.
4,473,464
OREGON RAILROAD & NAVIGATION
573,151
1,991, 5s8
CO.
EARNINGS AND EXPENSES,
1899-00.
1900-01.
Rail lines. Water linei. Rail lines Water lint*.
$5,651,030 $6*0,940 $4,8o7,528 $566,834
1,514,185
174,160
153,206
1,565,918
w,769
186,662
3,360
187,589
105,912
1,647
1,790
112,756
18,828
72,837
30,050
25,661
,
Earnings—
Freight
Passengers
Mail
Express
Miscellaneous
Total
$7,542,954
Expenses—
Maintenance of way, &o. $980,219
47n,470
Maintenance of equip't..
Oonduot'g transport' n
General
Taxes
. .
.
.
.
2,028. S49
201,373
Ib8,606
$849,346
$6,683,115
$339,277
$11,493
46,342
720,856
56,' 03
13,246
763,683
$20,731
58,067
664,491
52,2*1
15,175
403,495
1,675.561
179, ">88
167,357
1,382,551
r-Bal. of Net Earn't.-
Current
1,714,1-93
295. 46i*
9,673,279
Mall
Express
Miscellaneous
Total
Ourrent
$
5,696,930
$
7.251,208
1,924,238
296.333
160,115
41,385
9
16.973
169,494
130,236
1898-99.
1,488
658,066
2,307,790
$
6,372,319
EarningsFreight
Passengers
Previoui
Year.
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c, with the
surplus or deficit above or below those charges.
i
1,438
1,439
Previoui
Tear.
9
193,902
1792,285
42,169
106,026
$3,855,217
Per cent of exp.to earns. (51 -li)
Net earnings
$3,687,737
— V.
$3, 18^,684
(47-73)
$810,705
$806 $3,493,431
$28,572
$•(48,540
(99-91)
(96-60)
73, p. 1063, 1012.
Atlantic Coast Line Railroad.
(Report for the year ending June SO, 1901
President W. Gr. Elliott says in part:
General Results.—The operation of the company during the past
flsoal year has demonstrated the wisdom of the consolidation with
the several railroads with whioh It had previously such olose relations and such immediate oonneotions.
8tock.— An lnorease was made in the preferred stock to the extent
of 4 597 shares, making the Issue of the preferred stock outstanding
$18,850,000, and out of the proceeds of this increase the sum of $445,000 was applied towards the purchase of the one-sixth interest in the
THE CHRONICLE.
1354
Richmond- Washington Line referred to In the report of the First VicePresident.
Bonds. — Hy the terms of the recent consolidation this company be
oame the owner of $127,000 mortgage bonds of the Atlantic Coast
Line BR. of South Carolina, and It delivered that amount to the Atlantlo Coast Line Co.
on aooount of the $"i00.000 of said
lion ih
bor-
rowed from It (for deposit as seourltv of one half the rent*l under the
Georgia KR. lease), and paid for the remaining $373,000 bonds by
the sale to It of $100,000 Vadhl Division bonds at 102 and interest
and by the payment In cash of $281,767.
Taxation.— The controversy wltli the authorities of the State of
North Carolina, referred to In our last annual report, with referenoe
i
to the assessment of the property in that State for taxation, has been
ad|usted by compromise and the suits dismissed, so that the company
Is not now Involved In litigation of any serious nature, and It Is hoped
that the large amount which we are required to pay each year for
taxes will not be Increased.
First Vice-President H. Walters says in substance:
Improvements —The year having been one of oontlnued prosperity,
the management has followed the policy of largely improving the
property and adding to tho equipment, so that when the next depression In business oomes economies can be praotloed which will make
It possible, it Is hoped, to continue paying dividends. All the Improvements enumerated in the report of the General Manager have
been charged into operating expenses during the past two years, the
amount charged into the closing fiscal year being 9~i:j ,8'S8, viz.: New
locomotives, $108,000; passenger oars, $120,000; freight cars, $240,
000; bridges and oulverts, $30,902; rails, in addition to monthly
charge. $80,000; buildings and fixtures. $7,147; side tracks, $91,859; branoh line, Parkton to MoNatts, $2,930; construction line "B"
$3 000.
Georgia BE. Equipment.— The Georgia BB. showed surplus earnings above the lease money of $50,791, one-half of which should come
to your company. The road has for some time been short of freight
equipment, and it was deoided by the lessees to purchase 300 freight
ears, and to use the surplus earnings, together with a small surplus
of the previous year as a payment in cash; the Louisville & Nashville
BB. Co. agreed to advanoe the balance of the money required in exchange for sixty notes of equal amounts bearing 5 per cent Interest,
one note to mature eaoh month.
Atlanta Belt Line.— The company has paid $205,268, being one-,
half of the cost of the Atlanta Belt Line Co., which connects the At
lanta & West Point BB. with the Georgia BB in Atlanta. This Belt
Line has been leased to the Atlanta & West Point RB. Co., at 4 per
cent interest upon Its cost. The other half Interest in the Belt Line
is owned bv the Louisville
Nashville BB. Co.
Bichmond- Washington Co.—The company has purchased a oneelxth interest in the Blohmond-Washington Co., formed for the purpose of operating the railroad connecting the south end of the Long
Bridge, at Washington. D. C, and Riohmond, Va.
Chesapeake Steamship Co.—The company has also aoquired a
one-third interest in the Chesapeake Steamship Co., operating steamship lines between Baltimore and Norfolk and Baltimore and York
River, in Va. (See 71, p. 493.)
&
Maintenance.— The following facts are given:
New 70-lb. steel rails, aggregating 5,385 tons, were laid
during the
year. The cross-ties laid in main track numbered 559,6 19, side track,
49,671; new side traoks, 35,984; total, 645,274. Stone ballast plaoed
In Richmond yard. 1,376 oubic yards; gravel ballast placed in main
tracks, 88,873 cubic yards.
Rolling Stock.— At the close of the year company had:
200 looomotives, 177 passenger cars, 4,256 box cars, 58 stock oars,
1,451 flat cars, 530 log cars. 85 oaboose oars, 33 wreok and tool oars,
3 supply oars, 149 shanty oars, 8 trash oars; total, 6.573 cars.
Statistics.— Toe resnlts of operations have been as below,
the statistics of the different roads in the system being consolidated for 1898-9.
operations, earnings and expenses.
Road operated June
1900-01.
1,756
|30
.1899-00.
1,759
1898-99.
1,690
Operations—
Passengers carried
1,672,262
1,269,602
Passengers oarried one mile.. 68,5' 0,437
64,591,778
66,197,386
Freight (tons) carried
3,314,369
3.069,790
Freight (tons) oarried 1 mile. .373,948,780 374,167,882 279.3*28",495
Equipment—
Locomotives and dummies....
Passenger oars, all kinds
Freight oars,
all
200
177
189
173
6,573
5,620
$5,620,460
1,541,392
294,253
165,557
293,436
$5,245,307
1,529,219
296,601
167,147
348,472
$4,099,408
1,382,379
278,384
176,002
290,285
kinds
Earnings—
Express
Miscellaneous
Total earnings
$7,915,098
$7,586,746
Total
.$63,853,980
$03,516,067
-V. 78, p. 1263.
Cincinnati New Orleans & Texas Pacific By.
(Lessee of the Cincinnati southern Railway.)
(Report for the year ending June 30, 1901.
Compared with the preceding year, the company's freight
earnings decreased 4-38 per cent; the number of tons carried
one mile decreased 6 23 per cent, and the freight train mileage decreased 104,308 miles, or 8 14 per oent. The average
receipts p°r freight train mile were $3 21 in 1900-01 against
$3 08 in 1899-00 and $2 39 in 1896-97. The average number of
tons of custom freight per train mile in 1901 was 431, an increase of 2'07 per cent. The passenger earnings increased
$76,818, or 8-56 per cent.
Regarding the cost of improvements, etc., President Samuel
Spencer says:
Improvements—The building of the new line around Tunnel No. 27,
a distance of 8, ->33 feet, has made progress. It is expected that this
improvement will be completed during the coming year. The cost of
new line has been largely increased beyond the original estimate
by wet weather and heavy landslides The wooden trestle of the
northern approach of the Ohio River bridge in Cincinnati north of
Eighth Street was replaced by masonry and permanent embankment.
The wooden trestle south of Eighth Street, Is to be replaoed by steel
trestle at an early date. Special attention is now being given to the
replacement of all wooden bridges and trestles with steel structures or
permanent embankment.
The inorease of $82,059 in maintenance of way and structures was
due chiefly to the oost of improvements required to be made to the
property under the terms of the lease, such as renewals oi bridges and
oulverts with permanent structures, new fencing, block signals and
arohing.tunnels. A considerable portion of the increase, however, was
due to the higher prices for labor and material as compared with the
year previous. There was a decrease of $17,936 in the expense of
maintenance of equipment due to a large reduction in repairs and renewals of freight cars. It has been neoessary to reduce the expense of
maintenance of equipment to the lowest safe and practicable point In
view of the large expenditures neoessary upon the leased property, in
order to comply with the terms of the lease.
this
The new contracts with ^the city of Cincinnati, copies of
which are attached to the report, make provision for future
improvements through the issue of $2,500,000 of city bonds
($500,000 issuable yearly), and through au increase in the
&
Texas Pacific
capital stock of the Cincinnati New Orleans
Ry. Co. from $3,000,000 to $5,000,000.
Further facts shown by the report are as follows:
Nine hundred and seventy-four tons of 75-lb. steel rail were laid during the year, replacing worn 75-lb. rail; 34,382 onbio yards of ballast
has been plaoed in the traok. The total length of bridges June 30,
1901,1s 32,813 lineal feet, made up as follows: iron or steel span
bridges, 12,727 lineal feet; iron and steel viaducts. 16,747 feet; wooden
trestles, 2,820 feet and open drains, 519 feet. The total length of tunnels is 26,208 lineal feet, equal to 4-96 miles, of ( wiiich 5,196 feet is in
natural rook, not requiring arohing; 19,326 lineal feet is lined with
masonry, and 1,687 feet with timber, all of the timber being in tunnel
No. 27, which tunnel it is expeoted will '.be abandoned after the completion of the line around it. Main traok 336 miles, all laid with 75-lb.
$4,311,599
$3,275,147
$4,644,829
$3,270,269
1,729,432
181,536
$3,561,295
$2,665,163
The total cost of maintenance per mile of main line was
$2,988 in 1900 -01, contrasting with $2,744 in 1899 00; with
$1,980 in 1898 99, and with as low as $1,144 in 1893-94.
The operations and earnings for four years past, and the
balance sheet, follow:
$972,817
677,510
1900-01.
Total
Net earnings
$6,226,458
$1,143,671
938,382
2,023,395
206,151
Expenses—
Maintenance of way. &o
$1,087,005
Maintenance of equipment... 1,069,067
Conducting transportation
2,289,832
General expenses
198.925
INCOME ACCOUNT.
Receipts—
Net earnings, as above
Other inoome
„
$3,270,269
62,916
1899-00.
$3,275,147
131,012
To* 3 !
Deduct —
Taxes
Interest on bonds and
$3,333,185
$3,406,159
$332,000
$257,205
964,277
31,000
1,190,070
31,000
14,457
93l!oo7
397,255
certificates
Rent Central RR
Miscellaneous
Dividends on preferred stook
Dividends on oommon stook
1,271
operations, earnings, expenses and charges.
Operations—
$2,895,789
437,396
BALANCE SHEET JUNE
AssetsConstruction, equipment,
Investments
'
30.
1901.
&o
Cash for coupons
Cash on hand
Bills receivable
,
others
$1,253,753
$2,152,406
1900.
$59,698,826 $58,612,926
727,415
560,^92
343,002
309,177
178,454
319,131
98,778
832
229,388
167,542
2,578,107
3,545,868
$63,853,980
$63,516,067
1900-01.
1899-00.
1897-98.
1898-99.
Number
819,134
732,109
958,176
881,296
of pass, oarried.
No. of pass, car'dl mile. 45,575,028 42,63vt,451 59,( 52,282 46,295,516
189
190
214
210
Rf-v.per.pass. perm., ots.
Tons rev. freight moved. 2,998,020 3.192,020 2,763,546 2,458,762
Tonsfr'tmoved 1 mile. -.506708131 540379661 481694704 423425738
0-70
0-68
0*73
074
Rev.pertonperm.ots..
Earnings—
$
$
Passenger
Freight
Mail service
Express service
Miscellaneous
Gross earnings
897,342 1,119,685
974,159
3,774,317 3,947,139 3,28 2,874
1 HI. 380
131,699
135,809
109,062
101.848
111,752
47,912
46,531
49,559
875,897
2,981,624
131,615
94,516
44,465
4,691,232
4,128,117
5,045,596
Expenses—
Maintenance of way, etc 1,003,998
Maint. of equipment
846,800
Conduot'g
Total
SurplUB
Total
1901.
1900.
$34,740,200 $15,890,200
18,850.000
18,390,300
Certificates of Indebtedness W. & W.. 7 p. c.
2,500.000
2,500,000
Ctrts. of Indent. W. <fe W., special trust 6 p.o.
380,000
380,000
Certificates of Indebted. A. C. L. RR., 4 p. o.
8 000,000
3,000,000
Funded debt
18,646,500
18.546,600
Due to employes
207,738
196,352
Railroads and others....
1,231,502
1,708,268
Accounts payable
42,530
34,107
Coupons not paid
363, '/03
343,036
Interest on oerts. of Indebtedness not paid..
4,239
4,375
Dividends
244,540
Bills payable
136,960
178,293
Profit and loss
2,357,169
2,344,637
Liabilities8took, oommon
Stook. preferred
steel.
Freight
Passengers
Mail
Due by agents
Due by railroads and
[Vol. LXXIII.
trail sportatlon
General.
Taxes...
574,441
1,574,441
118,530
202,000
Total expenses
3,745,769
of exp. to earnings..
(74*24)
Net earnings
1,299,827
P.
o.
5,124,240
665,2601
674,187 9
.
154,000
160,000
3,106,225
2,738,436
921,939
874,796
1,606,052
115,796
184,000
1,511,215 M'
101, "S^J
3,702,583
!
3 7H ' dSR
' 8 48 "
(72-26)
(6621)
1,421,657
1,585,006
1,389,681
1,102,000
1,102,000
15,420
siS
cr. 3,015
1,115,404
274,277
(66-34)
Deduct—
Rental
Betterments
1,102,000
1,102,000
Interest, net
18,695
cr. 3,067
1,120,695
1,098,933
1,101,782
179,132
322,724
483,224
Total charges
Balanoe, surplus
cr.
December
THE CHRONICLE.
28, 1901.]
UALANCK BHKhT
1001.
t
Assets-
UK
Jl
The IVnuny
30.
1000.
I
a.oou.coo
1001.
1000.
ibiltttM,i stock
t
(
Equipment ownod.. 1,067, 9 l,967.«22
l,6i<^
Car trust eijulp..
J.818
Tools A machinery. 1M.3 U
1H4.3
itr.-ci \ e i"i requirein, in I Oi l«'a--o
U7«,3t8
310,710
U«al estate ft lildt:
Supp'.-& mat'ls. ... lHl.ttlrt
Bp. reserve (or I. use 884,689
HiW.IMI
I4i.7«t
10,7-0
Lteseri e lOI icnewal
728.B88
ol equipment
etc.
687,; CO
do do
InU on car
Cash
wt.tft
«!
ren'ls
trusts...
t)7.\e83
'.
88 SIS
71.
mi
307>HO
Bemltt. In tian-it
7M
15H.v.'W
3:i.u6a
<
571.86H
7\rtil5
163.
..
Aleuts ft (iiul'ct'rs.
U.S. Government..
Other railroads
83,416
:i'..j03
.
I
DO
,u triiM
es..
888.447
.
mul MCI ued
opald vouchers
ii 'rs on imv
roll
duo other railroads
;i.-,;ni
>;i,4S7
i.i
I
Un,l)n9
Sundry debtors
Pront aod loss
i'.'.OOO
11H.074
80,217
1*6,330
81,188
60.608
87,013
6,080,770
Mt.bW
Total
— V73. p.
5,852,'iOa
I
Total
6,(W«,7'<
lOttl.1010
companies
i
Steel Co. of N. J. has
iia\.-
up (whether voluntary or involuntary) of tbe corporation, tbe holders
prefened stock shall be entitled to be paid lu full both the par
amount of their shares before any amount shall be paid to the holders
of tbe
common stock."
The property of the controlled companies
of the
New York Dock Company.
affords the following:
The oompanv was organized under the laws of the State of New York
on July 18, 1901. as a reorganization after foreclosure of tin corporation formerly known as the Brooklyn Wharf & Warehouse Oo. (see
£lan In V. 72, p. 937 as to terms of new securities, etc.) Its property
looated on the East River water front of the Borough f Brooklyn,
and extends from Nesnitth's Stores, at tbe Brooklyn Bridge, to the
Erie Basin, and includes the following properties with frontage as here
•
i
Indicated
IM
Empire Stores
It
.
t.
165 Koblnson Stores
700
Fulton Stores
360 Warren St. property
25
100
Knickerbocker prop. 180 Baltic Stores
685 Union Stores
025 Iron Elevator
116 Atia. Dot k property
8o9 Bulkhead and yard..
MeditirniiK'nn Sto's 280 Blasters Stores
Plerrepont Stores... 140 Nye A i'oiu'i. S;ores.
670 limiklln Stores
Prentice Stores
Woodruff Stores
riuick Stores..
872
Columbia Stores
216 Clinton Stores
Dow Stores
174 Lainibeer Stores
Making a total frontage of more
.Martin Stores
ore
Watr-on Blevator....
Robert Stores
it Si
Strunahan
Washburn
010
B86
Stores....
stores...
Exielslor Stores
1,000
Pluto Stores
1,000
India Commercial ft
Clinton
nar ves.. 3,510
German Am. Stores. 400
636
217
30J
W
Richardson
464
464
460
464
600
470
Boyu-
ft
lon Block
Red Hook
It
Stores....
460
637
controls under
lease:
Amity Street
than
'i\,i
Stores.
157
miles.
The Mortgage Trustee holds at tills time In lire Insurance upon the
above-mentioned properties the amount of $7 761,576 evidenoed bj
341 policies In more than sixty selected companies.
The authoiized Issue of $i3,000,c00 new bonds is a first Hen upon
all the property, both real and pergonal, now or hereafter acquired
except as to certain obligations of the Receiver which do not exceed
$39,000 in the aggregate. Two paroels of realty are held under lease.
The aggregate of all lentals does not exceed $13,000 per annum. The
Reorganization Committee has turned over, or, as it mav be required,
will turn over to the new company the sum of $1,492,626 for immediate improvements, expenses and working oapital.
The following are the financial statements
:
STATEMENT OP RECEIVER FOR THE TEAR ENDING JULT
Earnings —
Expenses—
Storage of merchandise $535,913 Repairs
Storage of grain
131.293 General expense
Vessel wharfage
236.548 Rent
Merchandise wharfage.
92.423 Loss and damage
Rencs, buildings, etc..
102,3
Dredging
Wharf rents
302.024 Insurance
RR. department
147.584 Salaries
Various
24,000
31, 1901.
$58,104
33.667
53,042
2.50H
7.269
42,OoO
83.S00
11,872
69,253
17.532
118, *38
349,000
Supplies
Labor and cartage
Power expenses
RR. department
Taxes
$1,572,114
Total exp. and taxes...
$P46,8«6
$725,228
Profit
For the three months ended Nov. 1, 1901, gross earnings partly estimated were $459,28 operating expenses, $17 2,^10; deduct acomed
Interest on flrsr mortgage bonds (3 months), $115,800; taxes, $87,000;
Interest on $455,000 Baltic realty mortgages, $4,383; total deductions.
'
;
$207,183; balanoe, profit, $79,487.
ASSETS AND LIABILITIES NOV. 1, 1901.
Assets—
Liabilities—
Real estate, wharves
First mortgage
$13,000,000
and warehouses
$26,691,824 Preferred stock
10,000,000
Terminal railway
400,000 Common stock
7,000,000
Cash
449.064 Insurance oolieoted for
Bonds In treasury
1.420,«00
fire
137,704
do
do
*455,000 Aooounts payable
9,95
Electrlo plant
25.000
Do
do old Co.
240,321
Railroad floats
90,000 Vouchers payable
81,183
Due from ReorganizaTaxes payable in suit
tion Committee
671,480
(1901)
101,780
Aoor'd storage, wharfAccrued bond interest
115.800
age, rents, etc
355,000 Profit and loss
63,972
Accounts receivable..
147,8^3
Supplies, tools, etc
45,510
Total
$30,760,711
The $455,000 Baltic
Total
realty mortgages
is as follows
Pennsylvania Steel Co. of Pa. owns 655 acres of land at Steelon which is located its steel plant, comton, Dauphin County. Pa
posed of five blast furnaces, with an annual capacity of about 300,000
tons; Bessemer plant, with an ai nual capacity of about 300, ooo tons of
Ingots; an open-hearth plant, consisting of 14 furnaces, with an annual
capacity of 260,000 tons of Ingots; one slabbing mill, two bloomlngmiiiH, rail mill, with an annual capacity of 240, 00 tons of rails, D
chant mill with two 20-lnoh trains and one 13-lnoh train, steel foun
drv, large frog and switch shop and a modern bridge shop.
Maryland Steel Co. owns one thousand acres of land at Sparrows
Point, Baltimore County, Maryland, on the Patapsoo River, ten miles
below Baltimore. Its plant Is equipped with four blast furraces, with
an annual capacity of about 450,000 tons of pig iron; Bessemer plant,
with an annual capaolty of 500,000 tons of Ingots; blooming mill,
rail mill, with an annual oapuoity of 400,000 tons of rails. In addition to the above, the Marylai. d Steel Co. owns and operates a modern
shlp-bullding plant where the largest vessels are built.
Baltimore <fe Sparrows Point Ry. 5 miles standard gauge track, connecting the works of the Maryland Steel Oo. with the Northern Central Ry. and the Baltimore & Ohio RR. at Colgate Creek.
Hpanlsli American Iron Co — This oonsists of large ore properties in
the province of Santiago, Cuba, together with loading piers, and railroad coi nectiug ihe mines with piers.
J uragua iron Co., Limited, owns large ore properties in the provltice of Santiago, Cuba, and owns a railroad connecting the mines
„.
(Statement to Aeio York Stock Exchange. J
The official statement to the New York Stock Exchange
*
lvanl
uu bonded debt, but the subbonded LndabtadneM as ai»>vn shown See
ilO iNvihTouu' SOfPLKMSNT. page 164. Its autuori/.ed capital stock
is $50,000,000, of
which $25,000,000 Is common
000,000
preferred. Of this amount $10,750,000 common and $10, .'.00,000
preferred is outstanding, Leaned foi 99,000,000 In oath, and $1500,OOO preferred stock aud »5,( OO. 000 common sick of Die IVunsjivaula Steel Co. of Pennsylvania; 914,250,000 oommon and $8,ot0,000
preferred l« reserved for such purpnnts aa may be approved by the
board Of dlreoton •The holders Of the preferred stock i-hall b» entitled to receive when and as declared, from the surplus or net urodte
of the corporation yearly, uon cumulative dividends at the rate of 7
per cent per annum, and no more, payable semi-annually on dales to
oe Hied by the by-laws
he dividends on the preferred stock shall
be payable before any dividend on the common stock shah be paid or
set apart. In the event of any liquidation or dissolution or winding
sidiary
'1
lunula
.13,000
3tf3,btfd
48P.644
•Zfi Oil
6.-J52.202
nam
to
and companies....
Bills receivable
:
is
Due
7U
lit).
3
L855
$30,750,711
were paid
Nov. 1, 1901.
These bonds, it is understood, were held to take them up, and it is
supposed have since been Issued.— V. 73, p. 1163, 1114.
off
Pennsylvania Steel Company.
;
<
with loading piers at Santiago.
Cuban Steel Ore Co. owns large ore properties in Cuba, together
with loading piers and railroad connecting mines with piers, and is
being developed and beginning to make shipments ol ore.
The balance sheet of the parent company as of Oct. 25,
and the combined profit and less etattments of the
1901,
Pennsylvania Steel Co. of Pa. and the Maryland Steel Co.
for the calendar year, 19C0 follow:
PENNSYLVANIA STEEL CO
(N. J.)
Assets-
Cash
Notes receivable
Stocks and bonds
$651,558
1 00,000
27,027,874
Total assets
-BALANCE SHEET
gives the following
The company was incorporated April 29, 1901, under the laws of
Jersey, and at present is exclusively a stockholding company. It
Is, however, authorized by its certificate of incorporation, to manufacture iron, steel and other metals, and do anything directly or indlreotly
oonneoted with any mining or manufacturing business, etc., etc. The
company owns the following securities:
New
Stock.
Total issued.
to. 500 000
1,000,000
Pennsylvania Steel Co. (of Pa.)
Maryland Steel Co
Pennsylvania Steel & Maryland
.
-BondsOwned.
Owned.
Jot. issutd.
$6,479,400
1,000,000
11,000.000
2,000,000
$85,000
4,000,000
217.000
518,000
217,000
Z760.000
444,000
Steel consol 6s
Spanish American Iron Co
2,40",66b
Juragua Iron Co. Limited
1,805,000
Baltimore ft Sparrows 1'olnt Ry.
lfO.OOO
Cuban Steel Ore Co
x3,000,000
Total
z $1,000,100
$14,445,000
of this
Offering. V. 73, p. 36.
is
preferred.
2,400,000
687.5UO
$27,779,432
$27,779,432
The company's
profit and loss account to Oct. 25, 1901, shows
interest received, $801,015; expenses, $18,083; net
Dividends and
profit, $583,532.
PENNSYLVANIA STEEL
Revenue—
Net sales less cost
CO. OF PA. AND MARYLAND STEEL
ENDED DEC. 31,1 900.
$11,432,700
y One-half of this
is
CO.
YEAS
Expenses—
$1,761,099
Rentals
57,857
Income from securities.
129.795
Oar service
9,062
Interest received
9,162
$1,966,975
Administrative and
ingexpenses
sell-
$264,879
383,949
Interest
Doubt f ul accounts writ47,086
ten off
Total expenses
$695,914
Net gain
$1,271,061
Compare also V.
72, p. 579.
OfBoers— E. C. Felton. President: F. W.Wood. Vice-President; Frank
Tenny, Secretary; E. N. Smith, Treasurer. Executive committee:
E. B. Morris, Chairman; E. C. Felton, Theodore N. Ely, F. 0. Smlnk.
Directors— Luther S. Bent. Arthur Brock, John Cassels. Evans R.
Dick. Georee H. B. Martin, Edgar C. Felton, Francis I. Qowea. Frank
W. Hunnewell, EtHnKham B. Morris. Edward T. Stotesoury. William
D. Winsor, George Wood, George F. Baer, Theodore N. Ely, F. C.
Smlnk.— V. 73,
p. 1211, 902.
GENERAL INVESTMENT NEWS.
BAILB0AD8. INCLUDING STREET ROADS.
Amsterdam Street RR.— Mortgage.—The company
has
&
Trust Co., as
to the New York Security
trustee, to secure $1,250,000 thirty- year 5 per cent gold bonds,
maturing Sept. 1, 1931, but subject to call at its option at 110
per cent and accrued interest on any interest day. Further
facts follow:
Beginning ten years after date bonds may be drawn yearly at 110
per cent and interest, if not purchasable for less, to satisfy the requirements of a sinking fund, equal annually up to 1921, Inclusive,
to
per oent of the amount outstanding, and thereafter to
percent,
in addition In eaoh case to the interest on tbe bonds redeemed. Of the
bonds, $1,000,000 may be issued at once for general purposes, payment of existing liabilities and single-track extensions now under construction from Amsterdam to Soheneotady and to Hagamans. N. Y.,
and the remaining $250,000 oan be Issued only for addi'ional improvements and extensions at the rate of 80 per oent of the cost there-
made a mortgage
m
of.
The company's existing bonded debt
Johnstown & G-loversville on page
is
shown under Fonda
61 of
the Investors'
Supplement.— V. 73, p. 493, 31.
Atchison Topeka & Santa Fe Ry.— Called Bonds.— The
remaining outstanding ($250,000) equipment trust bonds,
series "A," issued by the old railroad company in 1892, have
been drawn and will be paid at par on Jan. 1, 1902, at the
office of Baring Bros. & Co
Ltd., London, or Baring, Ma,
160.K0
J 696,800
$16,451,900
10,744,000
583,532
Surplus
l
(Statement to Philadelphia Stock Exchange.)
The recent statement to the Philadelphia Stock Exchange
OCT. 25, 1901.
Liabilities—
Preferred stock
Common stock
$7,067,000
preferred.
$1,201,100
zSee bond
goon & Co.. New York.- V 73, p. 1311, 1263.
Atlanta (Ga ) Rapid Transit Co.— Negotiations.— The
special committee of the City Council, refened to last
week, failed to draw up a tax agreement, as a basis for
THE CHRONICLE
1356
allowing the consolidation, that Mr. Atkinson woald sign.
The new terms proposed and rejected were given in the
"Atlanta Constitution" of Dec.
21.
&
-On
Electric
Dec. 26 the Georgia Ry.
New Company.
Co., with $3,000,000 authorized capital t-tock, applied for a
charter permitting it to own and operate electric light and
steam plants and to operate street railwav lines on all the
streets and roads in Fulton Couoty and DeKalb Cmnty on
which the present companies are now operating. The incorporators are Atlanta men. V. 73, p. 1311.
—
rVou
TiXXTTT.
of Boston. Mass., as trustee, to secure $1,000,000 bonds.
mortgage covers securities, etc.. of electric lighting
power plants at El Paso, Texas.— V. 73, p. 1010.
The
and
Hreat Northern Ry.— Mr. Hill's Statement.— See Northern
below.— V. 78, p. 1207, 1160.
Securities Co.
Hamilton (0.) & LIndenwald Electric Transit Co.— Mort—The company has made a mortgage to the Cleveland
Trust Co. as trustee to secure $250,000 bonds.— V. 73, p. 82.
Hocking Valley Ry.— Guaranteed Bonds.— See Toledo &
gage.
Baltimore & Ohio KR.— To Be Included in System.— The Ohio Central Ry. below.
Status. — The advance in the price of the company's comcompany will on Jan. 1 take over for operating purposes the
mon shares is du«, we are informed, to the excellent showing
management of the following controlled properties:
which the earnings are making, and not to any intention to
Pittsburg A Western. Pittsburg Cleveland & Toledo, Pittsburg
Kalrport, Pittsburg Junotlon, Cleveland Lorain & Wheel- retire the preferred stock.— V. 73, p. 1112, 957.
Palnesvllle
ing Cleveland Terminal & Valley and Ohio & Little Kanawha.— V. 73,
Hudson Valley RR.— Settlement— Dr. R. J. Eddy, Wilp. 1312, 1263.
liam McEchron and Cutler J. DeLong, the committee repreBeech Creek Extension RR.— List'.d.— The New York senting certain minority stockholders of the Glens Falls
Stock Exchange has listed the $4,500,000 first mortgage %% Sandy Hill & Fort Edward Street RR., recently reached an
<fe
per cent guaranteed gold bonds of 1951.
— See description and
offering in V. 73, p. 1111.
Bellinghani Bay
British Columbia
A.
&
RR.— The company
recently sold to N. W. Harris
Co. and San Francisco
bankers $500,000 of its $1,000,000 first mortgage 5 per cent
sinking fund gold bonds, dated 1901 and due Dec. 1, 1932.
The road is a standard-gauge steam line, and, as recently extended, runs from Whatcom to Hardan, Wash., 39 miles.
circular says:
The entire $1,000,000 oapltal stook Is owned by the following well
known men. who are largely Interested In enterprises along the line,
viz D. O. Mills, N. Y.; Alvlnza Hayward, P. B. Cornwall, Lloyd Tevis
estate and J. B. Haggln, all of San Franolsoo, and S. Prentiss Smith.
Daring the year ending Sept. 30. 1901 [on an average of 30 miles of
road] gross earnings were $109,029; net earnings (over taxes, etc.),
$45,324. The remaining $500,000 bonds may be issued for extensions
at the rate of $15,000 per mile, but only when the net earnings of tne
road for the preceding year shall have been equal to at least double
the Interest on all bonds then outstanding, together with those proposed to be issued. There are 39 miles of main line and 7 56 miles of
spurs and sidings. An extension of 7 miles will probably be built
during the coming year from Hardan to Cornells (large coal fields),
and a still further extension of over 50 miles in this direotion is contemplated. The road owns the principal wharf and warehouse and
considerable other property at Wbatoom, and derives therefrom a substantial annual revenue. A sinking fund begins in 1911, but the
bonds cannot be called.—V. 70, p 328.
Birmingham (Ala.), Ry. Light & Power.— First Dividend.
first dividend has been declared on the preferred
stock, beiDg semi annual, 3 per cent, payable January 1. J.
P. Ross is now Secretary.— V. 73, p. 615, 235.
A
,
—A
agreement with Hon. A B. Colvin by which the latter
agreed to buy such stock held by them as should be delivered
to him Dec. 24, paying for the same $190 a share, the same
price obtained by the majority holders last May.— V. 73, p.
1207, 1160.
A
Indiana Illinois & Iowa RR.— Sold.— block of the stock
of this road carrying the control has been sold to the Lake
Shore
Michigan Southern, and the road will become a
part of the Vanderbilt system. Redmond, Kerr
Co. of
New York placed the bonds of this company and have acted
as the fiscal agents in this city.— V. 73, p. 840, 662, 660.
&
&
International
& Great Northern RR.— New Bonds.— An
application has been filed with the Texas Railroad Commission for authority to issue $280,000 bonds on the line recently
completed from College Station to the Navasota River, 18
miles, connecting there with the Santa Fe; also $240,000 bonds
on 12 miles completed from Spring west.— V. 73, p. 784, 445.
Kanawha & Michigan Ry.— Guaranteed
—
Bonds. See ToOhio Central Ry. below.—V. 73, p. 660, 234.
Kansas City Southern Rj.— Foreclosure.— Judge David
E. Bryant in the United States Court at Beaumont. Tex., on
Dec. 5, ordered the property of the Port Arthur Channel &
Dock Co. to be sold under foreclosure, principal and interest
aggregating $1,800,318 being due and unpaid under the
mortgage. The Kansas City Southern owns practically all
the stock and bonds, and through foreclosure will obtain
ledo
&
clear
title.
See report in V. 73,
p. 1310.
Boston Elevated RR.— West End Bond Issue Approved.—
Lake Shore & Michigan Southern Ry.— Purchase.— See
The Massachusetts Railroad Commission has authorized the Indiana Illinois & Iowa RR. above.— V. 73, p. 1261, 1260, 1061.
West End Street Ry. Co. to issue $1,800,000 of 4 per cent
Market Street Ry. of San Francisco.— Part Payment of
bonds for improvements, etc. (see V. 73, p. 956,) and the
Purchase Price. The Baltimore syndicate which has had an
bonds have been sold to Estabrook & Co. and R. L. Day & Co.
option on a majority of the capital stock has paid the first
—V. 73, p. 1207.
instalment ($250,000) on the purchase price. San Francisco
Chesapeake & Western RR. Mortgage. The mortgage brokers say the price is par, $100 a share. V. 73, p. 1011.
recently made to the Bowling Green Trus Co., as trustee,
Milford & Uxbridge Street Ry.— Bonds.— Application
secures $1,435,000 fifty-year 4 per cent gold bonds of $1,000
has been made to the Rhode Island Railroad Commission for
each, due Oct. 1, 1951. They are not subject to call and
have no sinking fund. The new mortgage will be secured authority to issue $50,000 bonds.
Missouri Pacific Ry.— Stock on 5 per cent Basis. The
by a first lien on the extension from Bridgewater to North
River Gap, 14 miles, now being constructed by a sepa- payment of dividends it will be remembered was resumed
rate corporation, as well as on
other proposed new last July, after an intermission of 8 years, with a payment of
mileage, and by a lien subject to the $666,000 5 per cent 2% per cent. A second semi annual distribution at the same
bonds on the road at present operated, extending from Elk- rate was declared on Tuesday, payable |in January, out of the
—
—
—
1
;
—
earnings for the calendar year 1901. An official estiChoctaw Oklahoma & Gulf RR.—Various facts were mate of the surplus for the year was published on page 1238
given last week regarding the company's car trusts, of the Chronicle for June 22, 1901. Since then, however,
but owing to a transposition of dates which made the state- the increase in net earnings has not been as large as in the
ment somewhat ambiguous, it may be added that the issue earlier months, the average increase for the six months
of 1900 was limited to $250,000, of which $50,000 was paid ended Oct. 31 being $137,000 monthly against $337,000 per
Oct. 1, leaving $300,000 outstanding. The oar trust issue of month prior to May 1. Revising the estimate above referred
to in accordance with the later data, the surplus over fixed
last summer was for $1,000,000, of which $700,000 has been
sold, and the balance will probably be issued within a month. charges it appears promises for the year to approximate
The new lot of $1,500,000 will probably be issued about $7,200,000. But in addition the company is receiving 5 per
cent per annum ($365,000) on the $7,300,000 preferred stosk
April 1.
Listed.—The New York Stock Exchange has listed $700,000 held by it in the Denver & Rio Grande. The capital stock of
additional general mortgage 5 per cent gold bonds of 1919, the Missouri Pacific has been increased during the year to
making total amount listed to date, $5,500,000.— V. 73, p. 1312. $76,403,000. The indications, therefore, favor a surplus available for dividends of about 10 per cent, the amount actually
1263, 1261.
paid and declared being 5 per cent, as above indicated. V.
Cleveland Cincinnati Chicago & St. Louis Ry.— Maturing 73, p. 1160, 185.
Bonds.— The second mortgage bonds of the Cincinnati &
Montgomery & Chester Electric Ry.— See Phoenix Gas &
Springfield Ry. Co. due Jan. 1, 1902, will be paid on and
after Jan. 2d by J. P. Morgan
Co. There are only $125,- Electric Co. below under "Industrials."
C00 of these bonds outstanding, the remaining $526,000 teing
New Orleans City RR.— New Proposition.— Holders o f
owned by the Cleveland Cincinnati Chioago & St. Louis about 85 per cent of the stook signed the agreement to
Ry. General mortgage 4s of the last-named company will give to the syndicate represented by E. C. Jones & Co. of this
be issued to replace those outstanding. —V. 73, p. 1061, 956. city an option on their stock until Jan.l at 35 for the common
Cleveland City Ry.— Increase of Stock.—The sharehold- and 112% for the preferred. The shareholders are now
ers will vote Jan. 20 on increasing the capital stock from asked to consent to an extension of the option till March
$8,000,000 to $9,000,000, to provide for extensions, additions, 1, 1902, or, if the common stockholders' committee unanimously approves, until March 31, 1902. The said committee
etc.— V. 73, p. 1061, 184.
is also authorized, as an alternative, to agree to a lease by
Cleveland Elyria & Western Ry.— Refunding Called
Bonds.—The company has called and will pay on Jan. 1, which the preferred shares will receive 6 per cent yearly
and the common stock will be guaranteed as follows
1902, the $73,000 of Cleveland & Berea Ry. brmds, and will
$2 per share until July 1, 1905. the first semi-annual payment to be
replace them with its own 5 per cents.—V. 73, p. 1207, 337.
July 1, 1902. for the peiiod begiuDing April 1, 1902. and thereafter
Dulnth Transfer Ry.— Foreclosure Sale.— The foreclosure semi annually on Jan. 1 and July 1; $2 50 per share from July 1,
1905. to July 1, 1907; $3 per share from July 1, 1907, until the ex1S 8et for Jan< 2 1902; UD8et
P rice $500,000— V. 63, p. piration of the existing charter of the New Orleans City E. R. Co.
iisq
ton to Bridgewater, 27 miles.— V. 73,
p. 899.
—
&
:
>
El Paso (Tex.) Electric Co.— This New Jersey corporation has filed a mortgage to the State Street Trust
Co.
The persons so guaranteeing will have the right to purchase the common stock at any time at $35 per share cash,
and the preferred no doubt at 112%. The leasing company,
December
28,
1901.
THE CHRONICLE.
this arrangement, would, it is said, pay the floating
debt ($132,000). bnild a new power-house, giving bond to
spend §350,000 for this purpose, and make other improvements, raising the total expenditure to about $1,000,000. as
well as provide $33,000 yearly for the sinking fund. Any
under
assenting holders of common stock may deposit their shares
with the Fidelity Trust & Safety Vault Co. of Louisville until
Jan. 1, 1903; dissenting depositors also may withdraw tbtir
stock. The proposition, it is believed, will be accepted.— V.
73, p. 1264, 616.
1357
whose main Investment was hundreds of miles from the Northwest,
and whose only object in buying oontrol of the Northern Pacltlo was
to lieuetlt their Southern properties by rcHtr.tlulug the growth of the
country between Lake (Superior and Puget Sound.
Toe Onion Pacific report on pages l36iuo 1364 of to-day's
Chronicle refers brittty to that company's acquisition of
$78,108,0U0 of Northern Pacific stock and state* that tin; title
to this stock was vested in the Oregon Short I. in
Jo.,
which on account of the same issued to the Union Pacific
$61,000,000 of purchase money debt certificates The payment
of the North. Pac. preferred shares at par on Jan. 1, lyi)',' and
the exchange of each of the common shares deposited for
$115 in stock of the Northern Securities Co. have been
arranged for since the fiscal year ended.— V. 73, p, 1814, 1264.
Northern Pacific Ry.— History of Stock Cormr.—See
Northern Securities Co. below.
Decision.— Justice Scott, in the Supreme Court, on MonPennsylvania Company.— FirU Dividend Since 1894.— The
day denied the motion for a permanent injunction to prevent the company from retiring its preferred stock. The oompany has declared a dividend of 3 per cent ($(530,000)
Justice said he was "satisfied that the company has a posi- upon the $21,000,000 capital stock, all of which is owned by
tive right, at its option, to retire the preferred stock at par, the Pennsylvania RR. Co. This is the first distribution to
and that the directors are authorized to exercise that option the stock since 1691.— V. 73, p. 957, Hi:!.
in behalf of the company." Regarding the olaim of the
Pennsylvania RR. Dividends on Stock Owned. See Pennplaintiffs to the right to subscribe to the convertible certifi- sylvania Company above, and Pittsburg Cincinnati Chicago
cates, he said:
&St. Louis Ry. below.— V. 73, p. 1261, 1208.
Upon what that claim is baaed Is not made very apparent, but, asPeoria & Springfield Ry.— Bonds Offered. Cummings &
suming that It Is well founded, no reason 1b suggested why they can- Co., 20 Broad St., New York City, are offering this comnot be fully compensated In an aotlon for damages for the denial of
pany's first mortgage 5 per cent gold bonds due 1951, intertheir assumed rights.
est January and July.
V. 72, p. 937.
The attorneys for Wolf Brothers and the other holders of
Philadelphia Company of Pittsburg.— Leases, etc.—The
minority preferred stock who brought the action say
This suit is not only to seoure a right to bid with the common stock- shareholders of the United Traction Co. of Pittsburg will
holders for the convertible securities, which the company is about to vote Dae. 30 on propositions to make a contract with the
Issue; it in volTes the protection of minority stockholders. IT 83 p. o.
Wilkinsburg & East Pittsburg St. Ry. Co. and the Pitof the stock of a company can say what shall be done with or given to
to lease the property
the other 17 per oent, then there is little chance for a minority stock- cairn & Wilmerding St. Ry. Co.
holder. We are oontent to await the trial, which should be held in of the Pittsburg & Birmingham Traction Co. and to make
February or March next, although it is not at all improbable an ap- an operating contract with the Southern Traction Co. See
peal may al«o be taken from Justice Scott's deoislon to the Appellate
V. 73, p. 1112.-V. 73, p. 1208.
Division.— V. li, p. 1313, 1264.
Pittsburg Cincinnati Chicago & St. Louis Ry — DiviNorthern Securities Co.— President HilVs Statement.
President Hill, on Dec. 21, gave to the press a long statement dend Increased.—In addition to the semi annual dividend of
of the events which rendered necessary the organization of 2 per cent on the preferred stock, payable Jan. 15, the press
this company. For purposes of record we give below the dispatches announce the declaration of a second dividend on
substance of this statement in so far as it bears on the finan- the common stock, viz., \% per cent, payable on Feb. 15.
The ; first dividend on the common shares, 1 per cent,
cial features of the transaction:
was paid Aug. 15, 1901. A majority of all the stock ($47,POBCHA8E OF CHICAGO BUHLINQTON & QUINCY.
When the Northern Paciflo failed and the banking house of J. P. Mor- 438,198), common and preferred, is owned by the Pennsyl-
—
—
—
:
;
;
—
—
& Co.
reorganized it. myself and friends were holders of a large
of that company's securities. After the reorganizati >n was
completed we bouaht about $26,000,000 of Northern Paciflo stocks,
both oommon and preferred. Some of this stook was afterward sold,
bnt a large amount has been held from that time to the present.
Aboit a year ago the Union Paoiflo Co. bought the Huntington and
other interests in the Southern Paolrlo, and at the same time made an
effort to buy the oontrol of the Ohioago Burlington & Qulncy. With
these lines in the hands of the Union Paciflo Interests, both the NorthBrn Paciflo and Great Northern would be largely shut out of the States
of Nebraska, Kansas, Missouri, South Dakota, Iowa, Illinois aud Wisconsin. We then, with the Northern Pacitii, made proposals to the
directors of the Burlington to buy their entire property. When this
transaction was about being olosed, the people who repre ented the
Union Paciflo Co. asked to be allowed to share with us in the purchase
of that oompany. This proposal we refuse 1 for the reason t' at it
would defeat our object in buying the Burlington, and further it was
against he law of sever il of the States in whioh the longest mileage
of the Burlington was situated.
gan
amount
i
CONTEST FOB CONTBOL OF NOBTHERN PACIFIC.
After we had closed the purchase of the Burlington, the Union Paolflo people bought over $60,000,000 of the stook of the Northern Paoinc in the markets of Europe and the United States. I was in New
York at the time, and after Messrs. Morgan & Co. were aware of the
action of the Union Paciflo people, It was found that together we
held about $26,000,000 of Northern Paciflo oommon stock, and
Inasmuch as the oommon stock had the privilege of paying off the pre
ferred stoo* at paron the flrst dav of January of any year until 1917,
Messrs Morgan & Co. then bought in London and New York about
$16,000,000 of the oommon stook of the Northern Paciflo. At the
same time the Union Paolflo interests, having already >o large an Investment, bid the stock |up until there was the largest stook oorner
Bver known; the common stook in three or four days went upto$l,o00
per share. I explained to my friends how that, with oontrol of the
Northern Paciflo. the Union Paciflo would oontrol the entire Northwest and of the West from Mexloo to the Canadian line, exoept for the
Sreat Northern.
The result was that Messrs. Morgan & Co. and ourselves owned $42,000,000 out of the $90,000,000 of Northern Paciflo common, with the
privilege of paying off the $75,000,000 of Northern Paoiflo preferred,
roe Union Paciflo people owned $37,000,000 of the oommon and about
$42,000,000 of the preferred, which was a clear majority of all the
stook of the Northern Pacific, and olalmed the exolusive ooDtrol of the
Northern Pacific y., and through that ownership oontrol of one-half
of the Burlington. When it was known that these preferred shares
Dould and would be paid off and before the annual election, mutual negotiations resulted in Mr. Morgan giving them a representative in the
No thern Paoinu Board.
vania RR. Co. The last-named company also will receive 2
per cent on Dae. 31 on its holdings ($3,499,800) in the common stock of the Philadelphia & Erie (V. 73, p. 1314), and on
Dec. 30 3 per cent on the $21,000,000 of Pennsylvania Company shares.— V. 73, d. 957, 785.
Railroad Construction in 1901.— Estimate.—The "Railroad Gazette" estimates that for the calendar year now ending the amount of mileage built by the railroads of the
United States (Canada also being included in 1901 with 658
miles built by 163 companies, but not included in 1930) was
4,518 miles, constructed by 342 companies, as a^aiost 4,804
estimated last year, built by 286 companies. Texas leads in
the amount of new track laid, with 537 miles; Oklahoma is
second, with 398, and West Virginia third, with 266. Iowa.
Miohigan aud Missouri also have built more than 200 miles
apiece. The Kansas City Mexico & Orient heads the list of
roads with 554 miles in the Southwest located, although it
is not all under contract yet.
The Blackwell Enid & Southwestern has 158 miles building; the El Paso & Southwestern,
143; the International & Great Northern, 130; the Choctaw
Oklahoma & Gulf, 110, and the Missouri Pacific, 102.
A press dispatch says:
The " Railway Age" estimates the
mileage constructed in the United States during 1901 at
5,057.— V. 73, p. 33.
Rapid Transit Subway Construction Co.— Exchange of
Stock. — See Rapid Transit Subway Operating Co. below.
V. 73, p. 663.
Rapid Transit Subway Operating Co. of New York.
Exchange of Stock. —Almost the entire $6,000,000 capital
stook ot the Rapid Transit subway Construction Co. of this
city (the $100 shares being 60 per cent paid) has been deposited preparatory to an exchange for the full-paid snares of
the operating company which is shortly to be organized.
Each holder of stock in the Construction Company, we are
informed, will receive in the exchange per one hundred dollars of the par value of his present holdings $169 in the stock
of the operating company, and in addition has the right to
ORGANIZATION OF NOBTHERN SECUBITIE8 CO.
eubsoribe at par to an additional $150 of stock in the
Several of the gentlemen who have long been among the largest operating company.
The name and capitalization of the
shareholders of the Great Northern Ry., but not the holders of a ma- latter company have not yet been decided on, but the comjority of its stock, have desired to combine their individual holdings
pany's $100 shares, "when issued," are quoted at 115 bid, 125
in corporate form and in that way seoure permauent proteotlon for
asked; the "rights" to subscribe to the new stock are 10 per
:helr lnterestsand a continuation of thepolioyand management which
lave done so much for the development of the Northwest. Out of this cent paid.— V. 73, p. 603.
leelre has grown the Northern Seonrlties Co. It became necessary also
Richmond & Petersburg Electric Ry.— Mortgage.— The
[in order to prevent the Northern Paoiflo from passing under the control of the Union Pai iflc ii terests. and with it the joint oontrol of the
company has made a mortgage to secure $1,000,000 of 5 per
Burlington) to pay off the $75,000,000 of Northern Paoiflo preferred, cent 30 year bonds.—
V. 73, p. 1314.
rhe enormous amount of oaeh required for this purpose from a comparatively small number of men made It necessary for them to act toRutland RR.— Consolidation Ratified.—The stockholders
gether in a large and permanent manner through the medium of a on Dec. 21 approved the proposition to absorb by consolidasorporation, and the Northern Securities Co. afforded the means of accomplishing this object, while, at the same time, the credit of the tion the capital stock, rights, franchises and property of the
Northern Securities Co. would be much stronger, as it would also hold Chatham & Lebanon Valley RR. A certificate of consolidai considerable amount of Great Northern and other securities
tion of the two companies was filed at Albany on Dec. 24, inThe Northern Securities Co. is organized to deal In high-class securi- creasing, it is said,
the capital stock of the Rutland RR. by
ties, to hold the same for the benefit of Its shareholders, and
to ad$1,000,000, this having been the amount of stock of the C. &
ranoe the Interests of the corporations whose securities it owns
Its
>owers do not include the operation of railways, banking, mining or
;he buying or selling of securities or properties for others on commission; it is purely an Investment oompany, and the objeotof its
creation
yas simply to prevent the individual Interests from being scattered
death or otherwise; to provide against suoh attacks as has been
>y
nade upon the Northern Paoiflo by a rival and oompetlng interest,
L.
RR.
—A
Control.
director is quoted as confirming the report
that a majority of the stock has been acquired by Dr. W.
Seward Webb, who it is generally supposed will eventually
transfer it to the New York Central.— V. 73, p. 1113, 1002.
THE CHRONICLE.
1358
St. Loafs & San Francisco llj. -Listed.— The New York
Stock Exchange has listed the $1,723,000 additional second
Preferred stock, making total amount listed to date $16,000,W.
Earnings.— For the S months ending Oct. 31 (3,180 average
miles in 1901, against 2,886 in 1900), earnings were:
[Vol.
i
xxttt
,
American Crude Rubber Co.-See Rubber Goods Manufacturing Co. below.
—
American Ice Co. Subsidiary Company to Sell Coal.
company is beginning to carry on a wholesale and retail
coal business throughout Greater New York in connection
with its ice trade, thereby arranging to keep employed ita
Gross
Net
Other
Taxes, renl'ls Balance,
5,200 horses and 150 barges, for which during the winter
earnings.
income,
ch'rges. surplus.
and
3 mns. end'g earnings,
months it has hitherto had but little to do. The sale of coal
Oct. 31.
$
$
$
$
$
1,659,141 1,698,543 will be carried on under the title of the American Coal
7.435.405 3,338.408
19,276
1901
6.203,833 2.713,689
83,191
1,503,682 1,243,148 Co., a subsidiary company organized
1900
Dec. 24 under the laws
—V. 73, p. 1314, 1265.
of New York with $10,000 (nominal) capital stock.
Savannah Electric Co.— Plan,— While the arrangements
Earnings.— After the first of the year the company, it is
for consolidation have not been fullv completed, we have said, intends to issue
a statement of earnings.— V. 73, p. 958,
been favored with the following ontline of the plan which
has been proposed
The capital and bonded debt of the Savannah
:
Eleotrio Go. will be as
stock, In shares of
each, $2,500,000; 6 per
follows:
cent non cumulative preferred stook. $1,000,000 ; 5 per cent 50 year
gold mortgage bonds, $2,500,000. Of these bonds $1,000,000 will be
reserved to relre $1,000,000 old 4 per cent 50-year bonds out of
$ 1,250,000 now outstanding and seouredby mortgage of the Savannah
Isle of Hope Ry; It 1 is the Intention to purchase and
Thunderbolt
retire forthwith with the proceeds of the bonds sold the remaining
$250,000 of said Issue. The contract for the purchase of the constitu-
$00
Common
&
ent properties further provides that the City & Suburban Railway
bonds, viz.. $250,000 (due 1902-3) shall be retired ator before maturity,
without oost to the Savannah Eleotrio Co. It Is also Intended to purchase and retire the $250,00u 6 per oent bonds of the Edison Eleotrio
Illuminating Co. of Savannah. The new bonds will be dated Jan. 1,
1902. and due Jan. 1 1952. The entire issue will be subleot to call at
110 and acorued interest. -V. 73, p. 1318.
,
Ry—
Listed.— The New York Stock ExPacific
listed $104 000 additional first mortgage 5 per cent
gold bonds, making total listed $21,926,000; also $312,000
additional Louisiana Division branch lines first mortgage 5
per cent gold bonds of 1931, making total listed $2,424,000.—
Texas*
change has
V. 73, p. 723.
Toledo & Ohio Central fly.— Guaranteed Bonds.— A few
months ago the Kanawha & Hocking Coal & Coke Co. was
organized as stated at the time (V. 73, p. 239) and acquired by purchase and lease extensive coal properties and coal
mines along the lines of the T. & O. C. and its allied com
pany, the Kanawha & Michigan Ry. The coal properties
thus brought under one control were mortgaged by the Coal
& Coke Company to the Morton Trust Co. as trustee to secure
an issue of 5 per cent $1,000 gold bonds, dated July 1, 1901,
and due July 1, 1951; but subject to call at 110 and interest
on and after July 1, 1906, for the sinking fund which began this
year and which receives 2% cents per ton for every ton of
2,240 pounds of coal produced and marketed "from the property now owned or hereafter acquired." The bonds are also
subject to call at 110 and interest on or after July 1, 1911, in
whole or in part (when drawn by lot) irrespective of the
sinking fund. The issue of bonds under the mortgage is
limited absolutely to $3,500,000, of which $2,750,000 were
issued at once and $750,000 were reserved, under strict provisions, for future betterments, improvements and acquisitions.
Each bond is endorsed with a guaranty of principa
and interest both by the Toledo & Ohio Central Ry. and the
Kanawha & Michigan Ry.— V. 73, p. 660, 617.
Union Pacific RR.— History of Northern Pacific Contest,
—See Northern Securities Co. above and report on pages 1353
and 1360-1364.—V. 73, p. 1063, 1012.
West End Street Ry.— Bonds.— See Boston Elevated RR.
above.— V.
73, p. 956;
V. 71,
p. 1165.
This
American Sngar Refining Co.— Sugar Prices.—The company on Monday made a cut of 25 points on hard sugars, reducing its price to 4-65 cents, but yesterday all refiners advanced prices for refined sugar to the basis of 4 75c. for granulated.
The trade situation is complicated by the promise of
an unusually heavy crop, both beet and cane, in the year
1901-2 and by the decline in the price of beet sugar on the
London market. The world's visible supply of sugar is estimated by one authority at 3,100,000 tons, against 2,270,000
tons at the same time last year.
V. 73, p. 1315.
-
—
American Tobacco Co. Acquisitions.— See Consolidated
Tobacco Co. below.— V. 73, p. 1113, 617.
American Type Founders Co.— Official Circular— Scrip
Dividend 6 per cent. An official circular now at hand regarding the proposed creation of $2,000, COO preferred stock
discloses a misunderstanding as to the proposed scrip dividend. The amount of this is to be 6 per cent, and it will
be applicable in part payment for $1,000,000 new preferred, which is to be offered for subscription at par to stock-
—
holders of record in amounts equal to 25 per cent of their
present holdings, the total stock now being $4,000,000, all
common. The other $1,000,000 preferred will remain
for the present in the treasury.
The circular says in part:
The directors recommend the Increase of the capital stonk by the
authorization of $2,000,000 of preferred stock, bearing cumulative
preferred dividends at the rate of 7 per cent per annum, payable quarterly, the principal of said stock being preferred in liquidation or dlstrioution to the extent of its par value. It Is the panose of the directors, npon the passage, of this amendment, to offer to the existing oommon stockholders the right to subscribe, in proporiion to their general
holdings. to $1,000,000 of this preferred 7 per cent stock at par. Simultaneously with this right the directors propose to declare an extra
dividend in sorip to holders of common stook at the rate of $6 upon
each and every share, such sorip to be available In part payment of the subscription to preferred stock. It Is Intended to give the
stockholders the right to subscribe for one share of preferred stook
for every four shares of present stook held by them, paying for said
preferred stook at the rate of $24 in this scrip upon every share, and
$76 in cash. The issuance of this preferred stock will greatly
strengthen the position of the present stook by removing the danger
in times of money stringency of an unduly large amount of bills payable. The remaining $1,000,000 (of preferred) will remain for the
present unissued, and will very probably afford an opportunity to offer
another rteht of value to the stockholders wltbinthe near future.
The advantages of this method are several: (1) To the extent of the
scrip dividend ($240,000) it capitalizes the surplus earnings ($593,000) of the company; (2) it will provlae some $760,000 as a cash addition to its resources, enabling It to materially reduce its current liabilities; (3) it will secure the ereotlou of the central plant, which will
lesult in large economies, and also provide for the additional credits
necessary for the large increase in the sales of the company, which,
during the first three months of this fiscal year, exceeded those of the
corresponding three mouths of the last fiscal year by over 20 per cent.
V. 73, p. 955.
—
American Woodworking Machinery Co.—Reorganized.
company has been incorporated under the laws of
INDUSTRIAL. &A.S AND MISCELLANEOUS.
Amalgamated Copper Co.—New Smelter Nearly Completed.
—The Boston "News Bureau" says: "The company's new
smelter [under construction by the Anaconda Copper Mining Co.— See V. 73, p. 664] at Anaconda, Mont., work on
which was started on June 18, 1900, is now practically com
pleted. The site of the new plant covers 300 acres, of which
seven acres are covered by the concentrator building alone.
The new works will have a capacity for treating 5,000 tons
of ore a day. The plant consists of six immense separate
departments, each occupying its own building, besides a
number of subsidiary departments, and has cost several million dollars."— V. 78, p. 1314, 1209.
American Bicycle Co.— Change in Organization—Subsidiary Companies to Do the Operating.— Officers of the company on Dec. 20 filed in New Jersey articles of incorporation
for two subsidiary companies, viz.: The American Cycle
Manufacturing Co., with $8,000,000 authorized capital stock,
and the International Motor Car Co., with $2,000,100 authorized capital stock. The directors in each case are:
Joseph E. Bromley, R. Llndsey Coleman, George Pope, Theodore E
Merseles and Paul Walton of the Amerioan Bicycle Co., exoepting the
last-named, who Is a Jersey City man.
George Pope is President of the Motor company and J.
E.Bromley President of the Cycle Manufacturing Company.
The last-named concern will take over the cy cie manufac
turing department of the parent company. The new Motor
company will make and operate motor vehicles. The capital stocks of both organizations will be held by the American Bicycle Co., which hereafter will be a stock-holding,
rather than an operating, company, and will derive its in
come from dividends on the stocks of the sub-companies, as
does the United States Steel Corporation.—V. 73, p. 958,
844,
—This
Pennsylvania, with $1,500,000 authorized capital stock, as
successor of the American Woodworking Machine Co., foreclosed in October last. The following plants are included in
the reorganization:
Rowley and Hermanoe Co., Wllllamsport Machine Co. and Lehman
Maohine Co., all of Wllllamsport, Pa Levi Houston Co., Montgomery, Pa.; F. H. Clement Co., Rochester. N Y.; C. B. Rogers & Co.,
Norwioh, Conn.; Goodell & Waters, Philadelphia, Pa.; Milwaukee
Sander Co., Green Bay, Wis. and Hoyt Plant, Aurora. 111. Estimated
value of property, lnoluding patents, tools and machinery, about
$1,000,000; products, raw and in prooess and finished, about $250,000; accounts receivable, about $250,000; bills receivable, about
$100,000; cash, about $30,000; total, $1,630,000.
The company is arranging to mortgage its property, excepting the Lehman and the Goodell and Waters plants and
a small portion of the Rogers and Houston plants (which
will be dismantled, the machinery put into the other plants
and the property sold) to secure $350,000 of 10 year 6 per cent
gold bonds dated Jan. 1, 1902, free from all taxes, $35,000 of
which must be called every year at 103. Of these bonds
$151,000 will be used as collateral for a like amount of notes
maturing in instalments from July 1, 1902, to Jan. 1, 1908;
$90,0C0 have been, or will be, sold to liquidate liabilities of
the old company and for legal and other expenses of the
reorganization, making the total number of bonds presently to be issued not exceeding $250,000, with a likelihood,
it is said, of no further issue.-<-v\ 73, p. 844, 339.
,
New York.—Purchase.—
announced that Posner Brothers, who
conduct the principal department store in Baltimore, have
Associated Merchants' Co. of
It is
now
officially
contracted to
sell
the business to the Associated Merchants'
which John Claflin is President. —V. 73, p. 1266.
Cedar Rapids (la.) Water Co.— Decision.— See City Water
Co. of Cedar Rapids below.— V. 69, p. 1064.
City Water Co. of Cedar Rapids, la.— Franchise Invalid.
American Coal Co.— New Enterprise.— See American Ice —The Supreme Court of Iowa on Dec. 21, in the case of f. E.
Co. below.
Hall and others against the City of Cedar Rapids et al., ap>
Co., of
December
THE CHRONICLE.
28, 1901.
pellants, held invalid the proposed ordinance or franchise
under which the city agreed to pay this company annually
$65 per hydrant for 400 hydrants for city water during a
period of twenty-fire years, the city eventually to own the
plant.— V.73, p. 1150.
1359
Kanawha & Hocking Coal & Coke Co.— Ouaranteed
Bonds. See Toledo & Ohio Central Ry. above under "Railroads."— V. 73, p. 239.
—
—
Manhattan Telegraph Co.— Called Bonds. Six first mortgage bonds, Nos. 85, 112, 120, 131, 137, 189, have been drawn
Consolidated Tobacco Co.— Foreign Extension.— This com- and will be paid Jan. 1st, 1902, at tbe office, No. 104 Water
pany, which owns nearly all of the common stock of the St.— V. 71, p. 1313.
American and Continental Tobacco companies, and a few
National Fire-Proofing Co.— New Stock.— The shareholdweeks ago acquired control of "Ogdt-ns Limited" of
Liverpool, has completed the purchase of the Jasmatzi ers will vote Feb. 17, 1902, upon a proposition to increase the
cigarette works of Dresden, Germany. If this step meets capital stock from $5,000,000, of which $8,00u,000 is prewith success the company contemplates extending its field of ferred, to "such an amount and in such proportions of preoperation into Russia. A representative of the company says: ferred and common stock, or either, as the corporation at
Farther absorptions will be necessary, but I confidently expect that said meeting shall deem necessary to carry on and enlarge
we will be able to negotiate the pnrohasea whloh we have planned, the business and purposes of the corporation." V. 73, p.
»nd If we do there will be no possible doubt of our ultimate suooess 141. 35.
Wo are following a reasonably conservative policy, but will soon be
New York Air Brake Co.— Decision.— Judge Coxe, in the
In command of a larger Held than our followers oould have expected a
year ago.
United States Court, at Qtica, on Deo. 21, decided against this
Home Acquisition. The plant of the Wilson & McCallay company and in favor of the Westinghouse Air Brake ComTobacco Co., at Hamilton, O., employing 300 hands in the pany a patent suit regarding a special form of engineer's
manufacture of plug and twist tobacco, is reported to have valve, which the New York Air Brake Co. has been manubeen purchaeed by tbe Continental Tobacco Co. for account, facturing on a royalty basis. The valve gives the engineer
it would stem probable, of tne Consolidated Tobacco Co.
V. control of the entire train. An appeal will be taken, but the
company claims to control other devices accomplishing the
73, p. 1210, 844.
Continental Tobacco Co. Acquisitions. See Consolidated same object as the valve in question.— V. 73, p. 1064.
Tobacco Co. above.— V. 73, p. 1266, 1210.
New York Realty Corporation.— First Dividend.— This
Crucible Steel Co. of America.— Bonds Offered.— See St. company, incorporated in New Jersey about the first of last
Clair Furnace Co. below.— V. 73, p. 1210, 901.
May, will pay on Dec. 31 its first dividend, viz., 10 per cent,
Crude Rubber Consolidation.— See Rubber Goods Manu- on the $2,000,000 outstanding capital stock; on Jan. 14 the
stock will be $3,000,000, all full paid, par value of single
facturing Co. below.
—
—
—
—
shares $100. The company does a general business in the
Davenport (Ia.j Water Co. Neto Bonds.— Secretary and
purchase and sale of real estate, among its transactions
Treasurer James P. Donahue, replying to our inquiry, says
having been the purchase last August of the property 24-32
that the details of the new $650,000 refunding bond issue will
not be determined before Feb. 1, 1902.— V. 73, p. 1266, 1210.
Diamond State Steel Co.— No Dividend.—Tbe company, it
is announced, will pay no dividend in January on the preferred
stock, the earnings having been expended in improvements.
Director E. B. Smith of Philadelphia says:
The first f urnaoe of the new steel plant did not get Into blast until
about the end of last year, and it was not until three or four months
afterwards that the plant oould actually be said to be In operation.
During the past summer and fall the output has been showing a
monthly Increase and a corresponding inorease in profits, but for the
whole of this period, lnoludlng the lean months of the early summer,
the earnings have been only at the rate of about 5 per oent on the
preferred stook. As It was expedient to make a number of improvements the directors thought it better not to pay a dividend. We are
convinced, however, that the plant 1b capable of the best results, and
expect within a very short time to be getting these results.— V. 73,
p. 1083.
Erie Telegraph & Telephone Co.—Plan.— Kidder, Peabody
in Bo3ton a plan of reorganization,
which has received the approval of the company's directors
and also of the American (Bell) Telephone
Telegraph Co.
According to the press reports the plan provides for the
organization of a new company, which shall be authorized
to issue the following securities, with which all the existing
stock and bonds are to be retired, and about $6,000,000 cash
will be provided for extensions and improvements, viz.:
NEW SECURITIES TO BE ISSUED.
Common stock, In $100 shares
$16,000,000
& Co. yesterday issued
&
Of which to retire old stook, say
Preferred stock, in $100 share, 6 per cents, cumulative
after two years from date of issue and Dreferred as to
prinolpal in case of liquidation
Of whloh to present stockholders, if pay ing assess-
7,500,000
16,000,000
ment
2,500,000
In partial exchange for $5,000,000 bonds of 1928-9..
1,000,000
Thirty-year 5 per cent god bonds, to be secured by all
the securities now behind the several issues of debenture bonds and behind the $9,000,000 of notes,
exoept so far as there may be an exchange of stock
for notes of the subsidiary oompanies and exoept
the shares and notes of the Michigan Telephone Oo. 1 0,000,000
Of whloh in whole or partial exchange for $10,000,000 existing bonds
9,250,000
majority of both preferred and common stocks will be
sold to the American Bell Telephone
Telegraph Co. and
out ot the proceeds the $9,000,000 of notes due Jan. 10, 1902,
will be paid off and the $6,000,000 of cash provided. The
portion of stock which is to be offered to Erie stockholders
A
&
Pine
St. for
about $1,000,000.
The
directors are:
E
Dowllng, Albert
O. Clark, Edmund C. Converse. Robert
Flake, Charles F. Hi ffman. James H. Hyde, Bradlsh Johnson. Kenneth K. MoLaren, B. Aymar Bauds, Charles Steele,
Rhinelander
Htewart, James Speyer, Frank rilford, Charles H. Tweed, Henry R.
George
Wm.
Wilson, Cornelius Vanderbllt, Geo. Frederick Vletor and David B.
Ogden.
Bradish Johnson is President; Albert Flake and Robert E.
Dowling, Vice-Presidents, and Morris B. Mead, Secretary
and Treasurer,
Office, 54
William
St,
New York
Stevedoring Co.— First Dividend.—This company, with office at 31 South St., on Dec. 8 paid its first
dividend, a "quarterly" distribution of 3 per cent on the
$800,000 capital stock, all of which is of one class and in
shares of $100 each; no bonds have been issued. The company was incorporated not long ago, and took over the
stevedoring business of the well-known firm of John
Expert accountants report the earnings as
J. Clark & Co.
equal to about 16 per cent per annum. John J. Clark is
President, and retains a controlling interest in the stock; B.
P. Just is Seoretary
and Treasurer.
—
[The] Page Woven Wire Fence Co.— Revised Statement.
This company has been incorporated under the laws of New
Jersey with $6,000,000 authorized capital stock, of which
$1,000,000 is preferred 7 per cent cumulative, as an enlargement of the Michigan company of the same name. No combination with other concerns, we are informed, is proposed.
All the authorized stock and $2,000,000 of bonds will
presently be issued.
An increase in capitalization was
necessitated, it is said, by the large increase of business, the
company's sales for November being, $315,000, against $55,000,
the best it ever had before in that month. The Michigan
company has plants at Adrian, Mich., and at Monessen, Pa.;
its capital stock was recently increased from $240,000 to
The officers are J. Wallace Page, President A.
$1,000,000.
B. Cody, Secretary, and L. B. Robertson, Treasurer. Charles
E. Locke, 149 Broadway, represents the New Jersey corporation. The New Jersey office of the latter company is in
the Corporation Trust Co. building, Jersey City.— "V
72,
;
.
p. 286.
Panama Canal Co. Resignat ions.— President Hutin and
M. Choron, the Director of Works, resigned last week The
decision of the Isthmian
Commisnon
in favor of the Nicara-
guan route is attributed by the officers of the Panama Company to a misunderstanding, and it is therefore proposed to
continue negotiations for the sale of the canal to the United
Will receive
At a meeting of the shareholders in
New
Oom.
Pref. States Government.
Jf paying
Per $100 stock, $1,000 bonds.— Assess't.
Bondb.
Block. Stock. Paris on Dec. 21 the board of directors was empowered to
Stock ($10,000,000)
$25
$75
$25 conclude the sale to the United States of all the company's
Bonds of 1928 29, $\000,000
$800
..
200 properties, subject
to the approval by a shareholders' meetBonds of 1909 and 1926, $5,000,000. ..
"1,050
ing of the pure-base price. An effort, it is said, will be made
* Despatches say " new bonds at 105."
Holders of the collateral trust bonds due in 1928 and 1929 to obtain $40,000,000, this being the value of the work done
as estimated by the Isthmian Canal Commission. See Nicarare requested by advertisement on another page to communi1114.
cate at once with H. W. Poor & Co.. 52 Devonshire St., agua Canal, V. 73, p. 1268.— V. 73, p. 1211,
Boston, or 18 Wall St., New York.— V. 73, p. 1816, 1267.
Phoenix Gas & Electric Co.— Amalgamation.— This comGeneral Electric Co.— Contract in Japan.—The company pvny, incorporated in New Jersey about Sept. 21 with §1,000,has been underwritten.
The terms of exchange are stated as follows:
.
has received a contract to equip the
Tokio, Japan, The amount involved
$750,000.— V. 73, p. 339.
.
new
is
street railway in
stated as about
Hall Signal Co.— Bonds Paid.—The company has anticipated the payment of the $200,000 bonds of 1894, due in 1904,
and is now free from bonded debt. The capital stock con-
Common stock authorized, $1,900,000; issued, $1,585,200; preferred, not cumulative, $100,000; par value of shares,
$100. The factory is at Garwood, N. J.;
York office at
25 Broad St.— V. 73, p. 842.
sists of:
000 authorized capital stock, recently took over the control
Consolidated
of the following Pennsylvania properties:
Schuylkill GisCo., Schuylkill Valley Illuminating Co. and
Montgomery
Chester Electric Railway Co. Officers:
&
President, L. Knowles Perot; Vice-President, D. J.Collins; Secre*
tary and Treasurer. Frederlok H. Shelton. Directors: I.J. Brower*
George C Car«on Jr., D J. Collins. W. D. Lippincott, F. P. Norrls, LKuowles Perot. F. H. ^helton, W. P. Smlyer and J. W. Thompsjn.
Offue, Phoenixville, Pa.
New
For other ln»ei.uueni
Neurit see
Page
136-1
and 1365*
THE CHRONICLE.
1360
jcpxrrls
[Vol. T.XXIII.
and ^ocxtmcnis.
UNION PACIFIC RAILROAD COMPANY.
FOURTH ANNUAL REPORT-FOR THE YEAR ENDING JUNE
To the Stcckholdira of Union Pacific Railroad Company
The fourth annual report of the business and operations
of the Company for the fiscal year ending June 30, 19 1.
showing the condition of its affairs on that date, is respect-
Net Increase
[in
94
$14,550,659 74
952,890 00
$13,597.769 74
This amount has been disposed of as follows:
Dividends on Union Pacific Stock
Two per cent on Preferred Stock paid
Aprill,1901
$1,989,312 00
:
Two per
cent on Preferred Stook payable Oct. 1. 1901, from income of the
year ended June 30,1901
1,990,268 00
per cent on Common Stock paid
April 1, 1901
1,919,276 00
Two per cent on Common Stock payable Oct. 1, 1901, from income of the
year ended June 30, 1901
2,080,738 00
Common
Two
Dividends on Oregon Railroad
Preferred Stock:
Two per cent Jan.
1,
&
Navigation
Company
1901, and two per cent July
1901
Balance of Inoome, surplus
Total amount authorized
$296.178.700
The changes which have occurred during the year in the
outstanding stock are shown below, namely
Common Stook outstanding June 30, 190O
$95,645,900 00
$7,979,594 00
:
440,000 00
5,178,175 74
tible
Total
Total Preferred Stock outstanding
above.
The Gross Receipts for the year show an increase over the
preeious year of $4,390,483 68, equal to 11-21 per cent.
The Operating Expenses increased $3,14<\930 48, or 1555
per cent. Taxes increased $18,668 36, or 1*61 per cent. The
total increase in Operating Expenses applied to the several
classes of rail line expenses in the following proportions:
Maintenance of Way and Structures
$1,410,3=12 70
Maintenance of Equipment
46l|l50 68
Conducting Transportation
1,105,299 1?>
General Expenses
124,364 10
The increase in the cost of Maintenance of Way and
Structures resulted chiefly from the great amount of work
done, material used and higher prices paid for material.
The increase in Maintenance of Equipment is accounted for
largely by repairs to locomotives and freight cars, and
partly to an increased charge fcr engines and freight cars
worn out and retired. The principal items which contributed
to increased cost of transportation were: Fuel, $173,000;
Enginemen and Roundhousemen, $56,000 Train Service
$117,000, and Station Service. $124,000.
The increased cost
of fuel was due to an advance in price, while the other
increases were incident to the larger business handled.
The net receipts from operation, after deducting taxes,
show an increase of $1,230,884 84, a sum equal to 69 per cent
over the preceding year.
:
MILEAGE.
The average mileage operated by the three companies
during the year was 5.543-44 miles, an increase of 111-60,
equal to 205 per cent.
The total mileage owned June 30, 1901, was 5,579-83 miles,
an increase of 6261 miles. The increase is accounted for
:
Acquired by Union Pacific Railroad Company, Oct. 1, 1900
Miles. Miles„
Solomon „ „
Railroad- Solomon to Beloit, Kansas
56 89
Salina
Southwestern Ry.— Salina to MoPherson, Kan
35-46
:
.
<fe
Lees deductions due to changes of line and corrections
of mileage
Common Stook outstanding
77,500 00
263,600 0O
6,043,000
00
$102.030 .000 00
$98,956,400 00
Preferred Stook outstanding June 30, 1900
Issued for Oregon R. R. & Navigation Co., Preferred
129,000 00
8took, at par
Issued for Oregon Short Line R. R. Co. Inoome B
423,500 0O
Bonds, at par
A
Minor additions
Oregon R. R. & Navigation Co. Common
par
Oregon Short Line R. R. Co. Stock, at par.
Union Pacirlo R. R, Co. 4 Per (Jent ConverBonds, at par
Issued for
Stock at
Issued for
Issued for
1,
Ofjthe $952,890 deducted for Contingent Charges, the sum
of $919,856 19 was collected by the Union Pacific Railroad
Company from Income and B Bonds held in its treasury.
Of the $440,000 Oregon Railroad & Navigation Company
Preferred dividend paid, the Union Pacific Railroad Company collected $439,946 75, and both of these amounts are
therefore included in the income item of $3,220,965 06 shown
,
$196,178,700
100,000,000
Preferred
$13,597,769 74
as follows
report].
holders authorized the issue of ten-year four per cent bonds,
convertible at the option of the holder into the new Common Stock at any time prior to May 1, 1906, and after that
date redeemable at the option of the Company, upon any
semi-annual interest day, at a premium of two and one- half
per cent. In pursuance of such authority, these bonds were
secured by mortgage and deed of trust to The Mercantile
Trust Company, dated April 15, 1901, and the bonds were
thereafter issued and sold under the denomination of this
Company's "First Lien Convertible Four Per Cent Gold
Bonds." Of these convertible bonds, $6,043,000 have been
converted into Common Stock, leaving outstanding $93,957,000, against which an equal amount of unissued Common
Stock is reserved. The total authorized Capital Stock cf the
Company, including the increase so authorized, is now as
follows
dends
$22,172,00100
Against which has been charged:
Interest on Funded Debt and Sinking Fund Requirements
7,621,341 26
Surplus
pamphlet
CAPITAL STOCK AND BONDS.
The stockholders, at a special meeting held at Salt Lake
City, March 23, 1901, amended the Articles of Association of
the Company and increased the Common Capital Stock by
the sum of $100,000,000. At the same meeting the stock-
Total Income Available for Fixed Charges and Divi-
Balance
62-61
The actual operated mileage of the several Companies is
shown in detail in the mileage statements hereto attached
3,220,965 06
Dednot Contingent charges:
Interest on Oregon Short Line Railroad Company
Income A and BBonds
04
2-54
2-59
&
$1P,951,03">
Milti. Miles
Oregon Short Line Railroad Company
Oregon Railroad & Navigation Company
fully submitted.
In addition to the operations of the Union Pacific Railroad Company proper, the report also covers the operations
of the Oregon Short L'ne Railroad Company and The Oregon
Navigation Company, the capital stocks of
Railroad
which are almost wholly owned by this Company.
The results of the operations of the three companies
named were as follows :
$43,538,181 01
Gross Receipts from Operations
24,587,145 07
Operating Expenses and Taxes
Net Receipts from Operations
and Miscellaneous Inoome
1901.
Less other corrections of mileage:
:
Interest, Dividends
30,
4-37
96*72
31 53
.
65-19
$9P.SQ3 900 00
No changes have occurred in the Capital Stock of Oregon
Short Line Railroad Company or of the Oregon Railroad &
Navigation Company.
As shown in the last annual report, there were outstanding June 30, 1900, First Mortgage Four Per Cent Bonds
amounting
to $99,500,000.
Since that date the
Company
lias received $500,000
in
bonds from the Trustee, as provided by the mortgage, making the total amount issued to date, $100,000,000.
At the date of last report the Company held $3,065,000 of
these bonds, to which was added the $500,000 rereived from
the Trustee, making the total amount owned $3,565,000. Of
this amount $'19,500 in bonds has been used in the purchase of Oregon Short Line Railroad Company Income A
Five Per Cent Bonds at the rate of bond for bond, and
$3,000,OOJ has been sold. The balance, $445,500, remains
in the treasury.
Consolidated Mortgage Five Per Cent Bonds of the Oregon
Short Line Railroad Company amounting to $2,033,000, heretofore held by that Company as a treasury asset, have been
sold during the year.
The proceeds of all securities sold have been applied toward the building of new lines, for betterments and new
equipment, and for the acquisition of stocks of the Southern
Pacific and Northern Pacitic companies as stated below.
SECURITIES OF AUXILIARY COMPANIES.
Instead of showing holdings of the securities of auxiliary
companies as assets, and carrying corresponding amounts
as liabilities in separately stated balance sh ets, it has been
considered better to adopt the method, now more generally
approved and followed, of presenting a condensed or consolidated balance sheet of the system and eliminating holdings of securities of companies embraced therein, showing
as liabilities only such as are outstanding in the hands of
the public. This will tend to simplify the statements of
accounts of the system and obviate duplication of entries.
To avoid any material cuitailment of statement, the current
liabilities of the constituent companies are separately stated
in the consolidated balance sheet, and their investments are
separately scheduled in detailed Exhibit (page 1363).
December
THE CHRONICLE.
28, 1901.
UTAH A PACIFIC RAILROAD COMPANY
1361
miles.
The operation- of that c.iupany, as stated in its
The Oregon Bhort Lino Railroad Company, which was annual report, show tin- following
already the owner of $279,060 of bonds of the Utah & Pa- dross transportation receipts
$32,^00,983 68
Operating BSpentM
16,640,113 57
oiflo Railroad Company, purchased additional bonds in bhe
sum
.
apital Stock, being all
of $308,000 and $835,000 of the
the outstanding securities oi the Company. The road of
the Company, which is standard gauge, runs from Mil ford,
Utah, to Ovinia, on the Utah-Nevada State line, a distance
of 74'BS miles.
<
01
920,352 00
$15,1<2<>,'.40
Less taxes
La»VlBg
Add
dividend*, Interest on securities
est 00 deposit h
owned and
$15,000,488 01
inter-
743,786 90
SOUTHERN PACIFIC AND NORTHERN PACIFIC.
The commercial prosperity of the territory west of the
Bfissouri River, which was referred to in the last annual report,
lias
continued throughout the year covered hy the
present report.
$15,744.27*91
Deduct—
Interest on bonds
$6,395,681
Rental of leased lines
134,690
Dividends on preferred stock, 4% (lnOladlng that payable Sept. ft, 1901)
3,000,000
Dividends on common stock, 4% (Including that payable Au^. 5, 1901)... 3,200,000
.
connection with the constantly increasing traffic of the Northwest and of the States of the 1'acilie
Slope, and the vital importance of securing for the Union
Pacific System its due proportion of the tonnage and revenue
tributary to its lines, rendered it essential, in the judgment
of the Board of Directors, that steps should be taken to
maintain and protect the position of the system and to safeguard its future against combinations of other lines, which,
should they become hostile, might divert much business by
changes in existing channels of transportation.
In furtherance of this policy and for the purpose of developing and extending the business of the system, and
opening new channels of interchange, the Directors deemed
it necessary to acquire §75,000,000 par value of the Capital
Stock of the Southern Pacific Company, and §78,108.000 par
value of the stock of the Northern Pacific Railway Company.
The geographical position of the Union Pacific System
with regard to the s; ou thern Pacific and Northern Pacific
Systems afforded many opportunities for important interchange of business; ami the acquisition of these stocks has
greatly strengthened the position of the system and enabled it to undertake the development of new avenues and
sources of traffic.
Many radical improvements upon the Southern Pacific
lines have
been inaugurated and are being carried
These improvements
forward as rapidly as possible.
embrace a comprehensive scheme of placing these lines
in a position to render a better service at a reduced
cost, and include the reduction of grades and curvatures,
new alignment to secure economical operation, and the
purchase of new and better equipment and motive power.
The nature of these improvements corresponds with those
already completed upon the Union Pacific System, which
have shown such satisfactory results in service and net
revenue. The extensive use of oil as a more economical
fuel than coal also necessitates large expenditures, which
should result in substantial economies.
The title to the Northern Pacific stock has been vested in
the Oregon Short Line Company, and the latter Company
has provided for the purchase by the issue of purchasemoney certificates of indebtedness, which are held by the
Union Pacific Company, as appears on page 1363.
The railway lines operated by the Southern Pacific Company are situated in the States of Oregon, Nevada, California. Arizona, Texas and Louisiana, and now aggregate
8,874-37 miles.
The operated mileage for the year ending
June 30, 1901, averaged 8,654-97 miles.
The water lines of
the Southern Pacific Company and its proprietary companies consist of ocean lines on the Atlantic between New
York and New Orleans, and between New Orleans and
Havana; ocean lines on the Pacific between San Francisco,
Developments
in
Yokohama, and Hong Kong, and between San Francisco,
Panama, and intermediate ports on the coast of Mexico and
Central America; a gulf line between Morgan City, Louisiana, and Brazos Santiago, Texas, and a line of nine steamers between tan Francisco and Sacramento. The operations
of that Company, as stated in its annual report for that
year, show the following results:
.
25
12
00
00
12,730,371 37
Surplus for the year
$3,013,903 54
Less amount expended for additions and betterments
to existing lines
2,011,285 00
Balance, surplus
$1,002,618 54
BETrERMENrS, IMPROVEMENTS AND
NEW EQUIPMENT.
Continuing the policy pursued in previous years, the following-named amounts have been expended for betterments,
improvements and new equipment by the several Companies
during the year:
Betterments. New Equipment.
Total.
$
&
Union Paolno RR. Co
(6)6,716,282 26 2,335,425 91
Oregon SliorrL'neRR.Oo. 1,099,272 17 1,119,177 96
The Oregon RK.&Nav.Co.
701,416 40
117,155 35
IB
9,051,708 17
2,218,450 13
818,57175
Total
8,516,970 83 3,571,759 22 12,088,730 05
(b) Including $4,498,094 43 on acoount of changes of line.
The details
of these expenditures are fully
shown on page
1303.
CBTANGE8 OF LINE.
The changes of Union Pacific Main Line in Wyoming,
which were in process at the beginning of the fiscal year,
have with one exception been completed and put in operation, as follows:
Opined for
Length.
Business.
Miles.
Between Cooper's Lake and Lookout
390
Sept. 17, 1900
"
Green River and Bryan
10 64
Oct.
7,1900
"
42-83
Rawlins and Tipton
Nov. 6,1900
"
Buford and Laramie...
29 63
June 2,1901
"
-94
Edson and Walcott
June 5,1901
The reductions in distance effected by the new lines between Cooper's Lake and Lookout, and between Edson and
Wolcott, were taken into the mileage account on July 1,
1900.
No new work
of this character was begun during the
The only line now being changed is that between Leroy
and Bear River, a distance of 21 "61 miles, where work has
been greatly delayed by difficulties encountered in the conyear.
struction of the tunnel, but it is now expected that the line
can be opened not later than November 1st
This is one of
the most important of the changes of line, effecting a saving
in distance of nearly ten miles, a reduction of grades to the
maximum of 43 feet per mile, and eliminating a section of
road difficult and expensive to operate and maintain.
The Ditectors expect to effect immediate and permanent
economies in the cost of operation as a result of the im-
provements and betterments, which now approach completion, and to secure a better service to the public at a reduced cost.
No changes have been made in the lines of the Oregon
Short Line Railroad. The St. Anthony Railroad, referred
to in the last report, is now successfully operated from
Idaho Falls to St, Authony, Idaho, as a part of the Montana
Division. A new line has been built by the Oregon Short
Line Railroad Company, known as the Wyoming Western
Railroad, from Moyer Station, Wyoming, on the main line,
to Glencoe and Cumberland, 19 02 miles, for the develop
ment of the new coal mines of the Union Pacific Coal
Company at Cumberland, in that State. There is also being
built in the interest of the Oregon Short Line a branch, to
be known as the Salmon River Railroad, running from
Blackfoot, Idaho, to Mackay. Idaho, a distance of 85*5
miles. The properties of the White Knob Copper Company
are situated at the terminus of the road, and a new smelter
is now being built.
The new line opens np a fertile valley
suitable for farming and stcck raising, and will secure
business from the towns of Bay Horse, Challis, Clayton ami
Bonanza City, where there are located a number of lowgrade mines which have not been developed in recent years
on account of the heavy expense in getting ores to the
-
GrosB Transportation receipts
Operating expenses and taxes
$77,244,898 18
50,879,013 82
Reoeipts over operating expenses and taxes,
$26,365,884 36
Excess of receipts from other sources over miscellalaneous expenses
754,134 11
Income from sinking f anils pledged for redemption of
bonds
..
416,055 48
Inoome from lands and securities not pledged for redemption of bonds
529,352 42
Proprietary Companies, Lessor Lines and
Southern Pacific Company
$28,065,428 37
Application of Inoome:
Fixed charges. Including rentals... $16,176,251 30
For betterments and additions to
properties and equipment
6,870,949 64
Sinking-fund contributions and income from sinking fund investments pledgtd for redemption of
bonds
931,057 48
Advances to San Antonio & AranPass Ry. Co
sas
465,609 29
Discount on Southern Paoitlo 4*a
ner cent bonds
165,000 00
24,608,867 71
Total,
Balance, surplus
The railway
lines operated
$7,456,560 66
by the Northern Pacific Rail-
way Company are situated in the States of Wisconsin,
Minnesota, North Dakota, Montana, Washington and
Oregon, and now aggregate 5,610-43 miles. The operated
mileage for the year ending June 30, 1901, averaged 5,100-14
smelters.
The systematic plan of reducing curvatures and grades on
the lines of The Oregon Railroad & Navigation Company
referred to in the report of last year is being steadily carried out.
ROADBED AND TRACK.
Owing
which
to the increased weight of engines and cars
the Union Pacific Railroad is now equipped it has
found necessary to bring the roadbed, track
to a higher standard of maintenance than
.
with
been
ami bridges up
was previously
required.
In addition to the ordinary repairs and renewals, 231 '39
miles of roadbed were widened and the gradients carefully
rectified preparatory to ballasting, and narrow embank-
1
THE CHRONICLE.
3G2
New side tracks, aggregating 120-27 miles, were
pleted, and S8'88 miles taken up, making the net inin sidings built during the year, 92*89 miles.
;ii different points on the linos, requiring the movement of 94,481 oubio yards of earth, During
the same period 391 -63 miles of second track were ballasted
with gravel, burnt clay or cinder. The total number of
miles ballasted on the roads of the three companies is shown
below.
Manj' improvements have been made in the physical condition of the Oregon Short Line Railroad during theyear,
and the former general excellence of the Company's propDuring the year 122 miles of
erty bas been maintained.
main track have been ballasted with gravel, an ample supply of which is situated at convenient points on the Company's lines.
On the lines of The Oregon Railroad & Navigation Company the excellent condition of the roadbed and track has
been maintained. A distance of )3 4i) miles of main track
has been ballasted during the fiscal year.
The second main tracks, aggregating 41 -57 miles, the construction of which was described in the last annual report,
were completed and put in operation during September and
October, )900.
The total mileage ballasted on the lines of the three Companies June 30, 1901, was as follows:
Oregon
Union
Oregon
ments were widened
Pacific.
Mil< s.
Short Line.
RR & Nav.
Miles.
245-00
37 05
1,300 91
132 67
78044
13287
Gravel
Burnt Clay
Slag
Cinder
111-40
290-62
245-00
1,068-46
Total
RAILS
AND
1,60408
CROSS-TIES
:
The effect of these changes and betterments was to reduce
the aggregate lengthof timber bridges approximately 26,128
feet, and to increase the length of pi-rmanent bridges 7,227
feet, making a net reduction of approximately 18,901 feet in
the aggregate length of bridges in the roadways of the companies named.
2205
22-05
111-40
in and additions to bridges and culverts
the three companies were as follows
Lineal Feet.
138 timber and pile bridges replaoed throughout
10,7"3
39 new timber and pile bridges built
3,798
75 timber and pile bridges replaced wlili steel girders
4,137
2 timber and pUe bridges replaced with iron trusses
300
9 Iron & steel truss bridges replaoed with heavier structures. 1 ,869
24 ends of pile <fc timber tresses replaced with embankments.. 1,408
225 timber and pile bridges replaced with embankments
21,392
121 spans, steel girders, stone abutments built
5,417
9 spans steel truss, stone abutments built
1,869
2 spans with iron trues, pile piers, erected on branch lines....
300
8 spans wood trus", stone abutment", replaced
611
39 stoDe arch culverts built
2,421
312 iron pipe culverts built
17,508
1 Howe truss bridge replaced with steel girder on concrete,
masonry abutments
65
5 Howe truss bridges replaced with pile and timber trestle...
368
3 Howe truss bridges replaced throughout on pile piers
695
Miles.
15-15
275-47
21-90
r-
The changes
made by
Total.
Miles.
com-
REPAIRS AND RENEWALS OF BRIDGES AND CULVERTS.
-
Kind of Ballast—
Crushed Stone
[Vol. LXXIIJ.
USED IN RENEWALS OF TRACK.
The quantities of rails and cross-ties used by the three companies in renewals of track on main line, branches and
sidings, in changes of lines, in the construction of second main track and new sidings, and in the extension of old sidings,
for the fiscal year were as follows
Renewal of Rails.
:
New
Second- Hand
Second-Hand
Steel.
Steel.
In.n.
Tons.
Miles.
341-99
66-36
69-60
32,889
2,917
4,583
32862
3612
1,242
51-91
57,233
-
Miles.
40,349
7,967
8,917
Total.....
Track
Measure,
47995
40,369
416-65
Renewal of
Track
Measure,
Tons.
Ton$.
Track
Measure,
Miles.
Miles.
1,357
15 09
6-85
15-42
74,480
Il,6f3
14,857
685-70
113-33
136-93
3,378
39-36
101,000
935-96
779
Oedar.
169,146
135,900
Oregon Short Line Railroad Co
Pine.
583,671
1,765,025
(6)
583,671
and $75,000, respectively, on July 1, 1899, these Companies
having no outside insurance on their property.
The operations of these funds during the fiscal year are
as follows
Union Pacific Oregon Short
Railroad Oo. Line RR. Oo.
$12,856 66
$59,38168
65,867 03
2,63184
Contributions
Claims Paid
Total.
1,433,487
735,828
484,427
2,653,748
Fir and Tamarack.
INSURANCE FUNDS.
The Union Pacific Railroad and Oregon Short Line RailRoad Companies established Insurance Funds of $100,000
shown
135,900
169,146
Miscellaneous.
544,770
735,828
484,427
(a)
(b)
(a) Fir.
Track
Measure,
Tons.
Cross-Ties.
Oak.
Total
Total.
territory served by your lines is most encouraging for the
future of your properties. The lack of rain in Kansas and
Nebraska affected the corn crop unfavorably; but, while the
tonnage usually derived from that source will doubtless be
reduced, it is expected that the excellent wheat crop and
the expansion of general business will prevent diminution of
the Company's income.
Total.
$72,238 34
68,498 87
$6,485 35
134,202 09
$10,224 82
81,599 10
215,80119
Total Fund June 30, 1901. $127,718 74
$91,823 92
The Directors greatly regret to announce the death of
Hon. John W. Doane, a member of the Board since March
1, 1898, and of Hon. George Q. Cannon of Salt Lake City,
$219,540 66
Balance, surplus
On hand July
1,
(a)
1900
53,739 47
(a) Deficit.
No
special fund for insuring the property of
The Oregon
Railroad & Navigation Company has yet been provided, but
the Company is protected by outside insurance.
a Director of the
for $1,729,244 28 during the previous
price realized was $2 per acre, agairst
an average of §1 36 obtained in 1900. Duric g the year patents have been received from the United States for 985,515-41
acres of land.
Full details of the operations of the Union Pacific Railroad Company Land Department and of The Union Pacific
Land Company are shown in the statistical part of this report [page 34 of pamphlet].
The operating results obtained during the year, as shown
above, clearly indicate that the continued prosperity of the
685-96
year.
acres
since its organization in 1897.
Attention is directed to the balance sheet, income account
and other detailed statements hereto annexed.
The Directors desire to acknowledge their appreciation of
the faithful co-operation given by officers and employes in
all departments of the Company's service.
OPERATIONS OF THE LAND DEPARTMENT.
Compared with the operations of the previous year, a
smaller number of acres have been sold, but at better prices.
The total number of acres sold by the Union Pacific Railroad Company and The Union Pacific Land Company was
876,928-79 for the sum of $1,754,242 42, compared with 1,267,-
Company
Br order of the Board of Directors,
'
ALEXANDER MILLAR,
Secretary.
New
York, October
8, 1901.
sold
The average
RAILROAD COMPANY AND
AUXILIARY LINES.
J.— UNION
PACIFIC
The average mileage operated by Union
Company and
30, 1901,
was
its
Pacific Railroad
Auxiliary Lines for the year ending June
as follows:
Miles.
Union Pacific Railroad Company
Oregon Short Line R&ilroad Company
The Oregon Railroad & Navigation Company
Total average^operated
3,010-85
1,439 00
1,093*59
.,
....
5,543-44
December
THE CHRONICLE.
28, 1901.]
13(>3
EXPENDITURES FOR BETTERMENTS, IMPROVEMENTS AND NEW EQUIPMENT-Fou nit
Surveys of
BlSTTKKMENlB AND LMPltO VKMENTB:
Rectifying grades aud Widening Embankments
Enlarging Tunnels
$561,602 3
dn'w
680.937
Ballasting
Bide Ti aoks
601.635
264.504
Second Main Track
Snow Sheds and Fencing
Bridges
Buildings
9».«,11
900036
7.
503.S67
37.036
16.033
2,189
22,014
4,991,843
Omaha Union
Depot
Freight Yards and Depot Grounds
Real Estate and Right of Way
ViHiluetH,
Omaha
Changes of Line
Jo, 1901.
New Una!
,
Hi W
EQOTPMEHT:
124 Loooinotives
ii Passenger Oars
4 Bleeping 1'arlor aud Dining Cars
4 Baggage, Express and Postal Cam
1,524 Freight Curs
191 Ballast, Work aud OLher Cars
04
78
02
99
87
6J 19
6 44
Miscellaneous
Total
1
oa
28
96
79
07
58
16
n >t
Vi.au
Total
I
11,914,815 29
-0.512 28
•
1,209,843 67
277.650 26
New Equipment
Total
*
8,730 05
SECURITIES OWNED B? UNION PACIFIC RAILROAD COMPANY AND AUXILIARY COMPANIES IN RAILROAD AND OTHER
PROPERTIES. SHOWING TOTALS ISSUED, OWNED AND BALANCES HELD BY THE PUBLIC, JUNE 30, 1901.
Owned by
Total Oi'
Total
Union
Outstanding.
Haines of Securities.
Oregon
Short Line
Pacific
Kailioud Oo. Kuilroad Oo.
Oregon
Railroad <t
Navigation
the Three
Companies.
l<\l
Balance
AJloat.
Oo.
BOXDS.
$
Pacific Railroad Co. Bonds:
First Mortgage 4%
First Lien Convertible 4%
Union
100.000,000
93,957,000
445,500
193.9.17.000
Totals.
445,500
44\500
445.500 193.511.500
Oregon Short Line Railroad Co. Bonds:
Oregon Short Line Ry.Co. First Mort. 6%
Utah& Northern Ry. Co. First Mort 7%
Utah at Northern Ry. Co. Cons. Mortgage6%
Oregon Short Hue Railroad Co. Cons. Mortgage 5%.
Oregon Short Line Railroad Co., Income A
Oregon Short Line Railroad Co., Income B
Northern Paoitto Purchase Money Certificates 4%. ..
55,000
1,000
Oregon Railroad & Navigation Co. Bonds
Consolidated Mortgage 4%
The Oregon Railway & Navigation Co. First Mort. 6%.
11,931,000
4.993,000
1,802,000
12,328,000
7,185,000
14,841,000
6 ,000,000
82,249,000
55,000
38,500
6,652,500
14,635.000
61,000,000
94.500
82.343. 500
34.736,500
14,635,000
61,000,000
117,080,000
Totals.
99,554,500
93,957,000
6,61 4, Ot'O
1
1,000
14,876,000
4,992,000
1,802,000
12,328.000
532,500
206,000
:
269,800
269,800
19,699,000
274.000
20,242,800
Totals.
19,908.800
274,000
269,800
2
9. 800
19,973.000
269800
83058, 800
248.V21.O0O
700.000
50,000
86,000
Total Union Paciflo and Auxiliary Companies.
Bonds of Other Railroad Companies
Columbia Southern Ry. Co. First Mort. 6%
Leavenworth <t Topeka Ry. Co. First Mort. 4%...
Sumpter Valley Ry. Co. First Mort. 6%
Utah & PaoltioRR. Co First Mort. 5%
Miscellaneous Railroad Co. Bonds
82.694,500
331,279,800
700,000
100,000
150,000
672,000
3,390,305
94,500
1:
:
50.305
1,297,000
3.529.000
4.876.305
136.000
36,000
26,200
5,000
208,000
150.000
326,000
146.000
5,000,000
10,000,000
4,500
26,200
5,000
208,000
63,000
163,000
146,000
4.706.00C
10,000,000
4.500
26,200
5.000
208,000
63,000
163,000
146,000
4,706,000
10.000.000
31,500
15,897.200
of Other Companies
Atchison Union Depot & RR. Oo. 5%
Cheyenne County. Colorado, Judgment 7%
City of Junction Citv. Kansas, Improvement 6%.
Green River Water Works Co. 6%
Leavenworth Depot ifc RR. Co. 5%
2,829,000
5,01 2.305
Totals.
305
64.000
672,000
561,000
700,000
50,000
64,000
672,000
3,390,305
15.321.700
15,321,700
352.189.30S
98.066.505
50,000
Bonds
Ogden Union Ry. & Depot Co. 6%
Rattlesnake Creek Water Co. 6%
Union Paciflo Coal Co. 5%.
Union Paollic Land Oo. 4%
Totals.
Total Railroad and Other Bonds at Par..
STOCKS.
Union
1,391.500
3.798.800
87,000
163,000
294,000
575,500
103,256,805 248,932,500
Paciflo Railroad Co. Stock
109,400
9,875.400
7,659,000
976,000
16,281,400
122,966
263,999,000
44.869,100
17,367,700
123,456
22,900
1,000,000
Oregon Short Line RR. Co. Stock
Oregon Railroad &. Navigation Co. Stock
27,334,700
0,000
21,000,000
Common
1,000,000
11,0 J
Preferred
Common
Total Union Pacific and Auxiliary Companies.
Stocks of Other Railroad Companies
Boise City Railway & Terminal Co
Leavenworth Kansas <fe Western Ry. Co
Northern Paciflo Riilroad Company:
Preferred
Common
New East Tintio Ry. Co
Anthony RR. C>
Southern Paciflo Co
Utah Nevada & California RR. Co
Utah &. Paoiflo RR. Co
St.
Miscellaneous Railroad
99,508,900
102.030.00J
27,444,100
16,000
99,503,900
102,030,000
27,460,100
Preferred
Company
Stocks.
,
Leavenworth & Topeka Railway Co
Leavenworth Depot & Railroad Co
Occidental & Oriental 88. Co ($10,000,000, 3%
Ogden Union Ry. & Depot Co
Pacific Express Co
Short Line Land& Improvement Oo
Rattlesnake Creek Water Co
Topeka Iron Co.
Union Depot & Railroad Co., Denver
Union Depot Co., Kansas City
Union Elevator Co., Omaha
.,
Union Elevator Co., Council Bluffs
Union Paoiflo Coal Co
Union Land Co
Union Paciflo Land Co
Union Paoiflo Water Co
paid)....
62,360,256 201.638,744
22,900
1,000,000
41,085,000
37,023,000
50,000
40,000
75,000,000
80.000.000
50,000
40,000
197,847,788
245,000
825,000
2,000,000
41,035,000
37,023,01.0
75,000,000
245,000
825,000
2,000,000
76,000,000
150,000
225,000
50.000
160 000
300,000
300,000
6,000,000
100,000
78,300
24.734
59,110
50,000
40,000
75,000,000 122,847,788
245,000
825.000
2,000,000
2.000,000
50,000
157,290,900
199,739,788
96,000
225.000
25.000
50,000
150,000
150 000
2,400.000
50,000
78.300
55,000
240,000
45,000
135,000
46.700
5,000.000
10.000
100,000
96,000
225,000
25,000
50,000
150.000
150,000
2,400,000
79,290,900
33.915,000
42,977,000
54,000
25,000
100 000
150,000
150,000
3,600,000
50,000
Totals.
Par..
Grand Total Bonds and Stocks at Par
100,000
78.300
55,000
240,000
45,000
135,000
46,700
5,000,000
10.000
100,000
500,
866,799,
663,760
14.752,799]
Miscellaneous Stooks, Notes, eto
Total Railroad and Other Stocks at
10,975,266
23,940,890
22,900
357,030,68b
Totals.
Stooks of other Companies:
Boaseman Coal Co
Green River Water Works Co
490
9.470.250
53.018
635.782.487! 130,839,350
96.711,648
2.323.457
229,374,455 406.408032
987,971,792! 228,405.855
98.103,148
6.122,257
332,631,259 655.340.532
llO.OOOi
400,0001
495,000
135.000
282,200
1
5.OJO.OO0,
lO.OOOi
55,000
160,000
450,000
"236,500
500
600
3,048,
200,001
200.00
866,799
9.723.299
5,029.500
THE CHRONICLE.
1364
ABSTRACT
CONSOLIDATED BALANCE SHEET JUNE
A.
CONSOLIDATED INCOM K ACCOUNTS KOK 1 EAK8 ENDINO JUNE £0,
1900 AND 1901.
Increase.
1900 1901. 1899 1900.
is
$
Cross Receipts fromOperation«..43,f>38,181
39,147,697
Operating Expenses
20,195,924
1,231,623
Cost of Road and Equipment
$351,687,309 16
Investments
General
$141,7.10,844 83
Sinking Fund and Trust Accounts.
755,735 11
142,.')06.579 44
Material and Supplleh
3,1^4,121 ft4
Land Assets
3,215,672 11
3,140,930
18,668
28,338,854
1,250,291
Total assets.
$500,693,684 25
Total Operating Expenses
LIABILITIES.
21.427,546
3,159,599
Net Reoeipts from Operation*. 18,961 ,036 17,720,151
Income from Investments:
Dividends Received on Stooks
1,230,885
and Taxes
24,587,14 5
Owned
766,582
833,209
1,430,911
1,023,472
1,422,883
487,926
(a)
66,628
Collected on Bonds
Owned, Including Interest on
Company Bonds held In the
Interest
Treasury
Miscellaneous Income
8,628
535,546
Total Income Available for
Fixed Charges and Dlvi22,172,001
ends
Charges, Including Interest on
.
Company Bonds
held
Capital Stock
Preferred
Outstanding Stocks of Auxiliary Companies
Oregon Short Line RR Co. .Common
16,000,00
Oregon Railroad and Navigation Co.:
Preferred
$24,800 00
Common
....
59,007 50
83.807 50
Funded Debt:
Union Pac. RR. Co.
percent Bonds
20,463,670
99,807 50
First Mort. 4
100,000,000 00
Bonds
1,708,331
6,923,191
93,967,000 00
Balance
14,550,660
Less Dividends and Contingent
Charges:
Dividends on Union Paciflo
7,979,594
Btock (see page 12f0)
Dividendson Oregon Railroad
& Navigation Co. Stock (see
440,000
page 1260)
Interest on Oregon Short
952,890
Line Income A and B Bonds.
13,540,479
Oregon Short Line Railroad Cons.
5 p. c. Bonds. .$12,328,000 00
Income A Bonds.
532.500 00
Income B Bonds.
206,000 00
698,150
1,010,181
7,303,628
675,967
952,890
4,843,961
Oregon RR. & Navigation Co.
Cons. Mortgage 4 p. c. Bonds
Oregon R'y <fe Navigation Co.
First Mort. 6 per cent. Bonds
8,696,518
5,178,176
for
Oregon Short Line R'y Co. First
Mortgagee per cent. Bonds ...
Utah & Northern RR. Co. First
Mortgage 7 per
cent. Bonds
$4,993,000 00
Cons. 5% Bonds
1,802,000 00
440,000
9,372,484
the
Fieoal Year
193,957,000 00
13,066,500 00
14,931,000 00
6,795,000 00
19,968,800 00
274,000,00
248,992,300 00
70,056 53
Equipment and Improvement Funds
Current Liabilities
Union Paciflo Railroad Co
Oregon Short Line Railroad Co
Balanoeof Income Accounts brought forward from previous
12.166,790
year
applied
to Betterments. Additions
6,725,129 84
23,202,247 33
29,927,377 17
Amount
4,147,569 61
25,779,807
3,400,739
4,071,006
796,101
15,814.965
Land Accounts and Land Income
Dividends payable October 1. 1901
Inoome used for Sinking Funds
Income Acoounts, Surplus (See Abstract A)
and Equip-
ment
(a)
LessfCash Assets and Accounts of
the Oregon RR. & Navigation Co...
17,344,966
Total
Less
$201,538,900 00
First Lien Convertible 4 per cent
7,621,341
Balance, Surplus
$99,508,900 00
102,030,000 OO
Common
in the
Treasury
30, 1901.
ASSETS.
4,890,484
Taxes
[Vol. LXXII1.
1,500,000
Balance, 8urplus, June
30, 1901
56
99
00
16
51
Total
-....15,844,966
$500,593,664 25
Balance of indebtedness, lnourred In the acquisition of securiof other companies, and in new construction.
(a)
(a)
Decrease.
ties
Pennsylvania Steel Co.
Agreement as
to Cornwall, Pa.,
the deeds arranged last summer, has been drawn for the transfer to this
company of large interests in the Lebanon (Pa.) furnaces,
Properties.
— An agreement, supplementary to
Cornwall iron ore bank and Cornwall & Lebanon RR. (See
This agreement, it is stated, contains
72, p. 1241, 1283.)
V.
501 pages, the consideration for the transfer being reported
as about $4,500,000. See statement page 1355.—V. 73, p. 1211.
Pittsburg Coal Co. Acquisitions.—The company is
said to have secured options, if it has not already agreed
to purchase, the property of the C. Reiss Coal Co. of Sheboygan, Wis., the Pittsburg & Baltimore Coal Co., the Shoenberger Coal Co. and the Crescent Coal Co.— V. 73, p. 1268.
Providence ( K. I.) Ice Co. Business— Bonds.—The organization of this company w«s referred to last week. A letter
from President John E. Kauffman, Tremont Building, Bos
ton, in reply to our inquiry, says: "The total business
amounts to about 200,000 tons per year. The company has
issued $350 000 5 per cent, 20-year bonds, with the usual pro
visions for sinking fund and retiring bonds. It is the purpose
of the company to improve the ice busin ss of Providence
without, however, applying any of the usual methods of combinations or monopolies." V. 73, p. 1316.
—
Rubber Goods Manufacturing Co.— Resignations— Crude
Rubber Company Combination. — Charles R. Flint has resigned as a director and as the chairman of the executive
committee. Wallace B. Flint, his brother, has also resigned
as Treasurer and been succeeded by Alden S. Swan, and A.
L. Kelley has been elected President, to succeed Charles
Stewart Smith.
Charles R. Flint says no ill feeling exists, but as
he intends to form a crude rubber combination, it seems
unadvisable to be identified with the management of a manufacturing company which would buy the crude company's
products. This new company will probably be known as
the International Crude Rubber Co. Later on, if present
plansmaterialize.it is proposed to unite all the rubber interests under tbe title of the American Rubber Corporation,
with capitalization expected by Mr. Flint to be $30,000000 common stock, $30,000,000 preferred stock and $15,000,000
debentures. -V. 73, p. 1318, 496.
St. Clair Furnace Co.— Bonds Offered.— The Pittsburg
Trust Co. of Pittsburg and Farson, Leach
Co. of Chicago
and New York are offering, at prices to pay 4J^ per cent,
$625,000 of this company's $3,000,000 first mortgage 5 per
cent bonds guaranteed by Crucible Steel Co. of Amerioa and
described with guaranty in V. 73, p 447. A circular says:
All the properties of the Crucible 8teel Co. are free from mortgage
debt, with the exception of $183,000 bond and mortgage not due, this
&
mortgage on the St Clair Furnace Co
and $2,500,000 5 per cent mortgage bonds on the St. Clair Steel Co.
The total interest charges are less tnan $300,000; the net earnings
from operations for the year ended Aug. 1, 1901, were $3,490,438.
The last annual report of the Crucible Steel Co, was in V.
73, p. 841, and in connection therewith (on page 842) was
given a list of the constituent properties.—V. 73, p. 902, 447.
San Francisco Gas & Electric Co.— President Resigns.—
Joseph B. Crockett has resigned the Presidency. V. 73, p.
Issue of $3,000,000 5 per cent
—
621, 394.
Standard Oil Co.— Oil Irade.— The recent fall in the price
of the company's shares is apparently attributable, to some extent, to the unsatisfactory condition of the Eastern oil trade.
E special attention is called to the considerable decline of 20,000
b«rrels this month, as shown by the pipe line runs, in the prooil, from the handling of which the
derives a large revenue. The lower prices for the
crude product, it is claimed, do not warrant any extensive
drilling of new wells. The oil purchasing agencies at Oil
City, Pa., three times within the week ended Dae. 17 reduced by 5 cents a barrel the price paid for Pennsylvania
crude oil, credit balance at Oil City being quoted now at
$t 15 bid against $1 30 early in the month. The company's
shares advanced quite sharply this week- V. 73, p. 1212.
duction of Pennsylvania
company
—
Standard Rope & Twine Co.— New Director.— J aines B.
Clews has been elected a member of the board, to serve
three years.— V. 73, p. 614.
Twin City Telephone Co.( Minneapolis and St Paul, Minn.)
Bonds tffered.— Trowbridge
Niver Co., of Boston and
Chicago, offer at 101 and interest by advertisement on another page $350,000 of this company's outstanding $750,000 of
first mortgage 5 per cent gold bonds, dated July 1st, 1901,
and due in series from 1912 to 1926. The principal and semi*
annual interest are payable at Royal Trust Co., Chicago, or
Kountze Bros., New York. Total issue limited to $1,000,000.
The Twin City Telephone Co., whose capital stock is $1,000,000, on Dec. 15th had over 5,200 subscribers for its service in
the cities of St. Paul and Minneapolis, of which 4,233 tele-
—
&
.
phones were then installed, and the remainder were being
put in at the rate of twenty to thirty daily. The gross earnings for telephones already installed and contracted for and
being installed are reported to be at the rate of over $185,000
per annum; operating, maintenance and general expenses are
estimated at $84,000 per annum, leaving net earnings, $101,The annual interest charge is $37,500. The advertisement furnishes with other data the following ooncermng
toll line connections:
A toll line is now being built to Duluth and intermediate towns; it lsxpeoted to be in operation by Jan. 15. Toll lines are also in course of
259.
December
THE CHKONIOLE.
28, 1901.
oonstruotton to Hudson. Menominee. Eau Olalre and Obtppowa lalln,
Wla.,and intermediate towns. A tlilrd trunk toll Una I- being i.uiit to
Rochester. Winona and LiCroime, and Intermediate to* n«, oonaeotlng
with the Ull lines of the independent telephoueexohaugis at the aboveuauied cities.
V. 73, p. 448.
F. H. Monlton of Minneapolis is President
it
1
article
:
Bituminous coal, upon exposure for 21 hours or less in the com.
lKiny'e ovens, or closed retorts, affords the following produots per
long ton, v l (1 ) Coke, remaining as a residue in the retort, about 75
per oent, or l.»80 pounds; (V) lar per oent, or llv! pounds; (3) gis
liquor, from whloh subsequently by distillation ammonia produots are
obtained, and (•) o«al gas equal to 9,000 oubio feet of gas. or which
5,000 oubio feet are required for heating the ovens, while the remaining
4,000 oubio feet are available surplus for illuminating purposes.
:
.">
The by-product coke ovens which the company has erected,
or has in course of erection, are as follows
BT-PKODDCT COKE OVENS ERECTED, OR IN CODKSK OF CONSTRUCTION.
:
ovens.
Pitt8.Ga8ACokeCo.,Glassport Pa. 1896
NewEng.G
&(' Co.,Everett,Ma88. >8w8
Dominion I. & S. Co. Sydney, M B. 1900
Hamilton OttoC.t'u Hiiiniltoii.O. 1W00
.
ack'w'nuaI.&S.Co..l.ebanon.Pa. 1901
Buffalo. N.Y. 1901
do
do
South Jersey Gas Electric * TraclJ
Co Camden,
.
U0
Coke used for
Blastfurnace
used for
Fuel.
120 Blast furnace&domeBtlc.Fuel.
400 Domestic & locomotive ilium.
Fuel.
400 Blast tumace
60 Foundry and domestic. Ilium,
Fuel.
232 Blastfurnace
FueL
684 Blastfurnace
Foundry and domestic... Illuiu.
100
1>01
M > I'd St'l Co.. Sparrow's Pt..Md. 1901
Mich. Alkali Co.,WyaDdotte, Mich. 1901
tlou
Oas
No. of
r
built,
and location—
CauibrmSteelCo.. Johnstown. Pa. 1895 H8
Oivners
N. J.
111. & fuel.
Blastfurnace
Fuel.
Burnlngllme
The erection of large carbonizing works of this kind near
or in large cities would, it is pointed out, afford a solution
of the smoke problem and at the same time effect a great
faving, from an economic point of view, through the recovery
of tbe valuable by products and gas.
Capitalization, Etc.— The total capital stock is $2,509,000
of which $1,250 000 is 8 per cent cumulative preferred; par
value of shares, $100. The company has no bonds or mortgages. Officers and directors
Officers- Wm. L. Elklns Jr., President; William Fllnn, Vice-President
T. D Finletter. Seer tary; T. L. Mattson, Treasurer.
Directors—
L. Eikins, Wm. Fllnn, Stephen Peabody, T. L. Mattson, Powell Staokhouse, Wm. L. Eikins Jr. and Sidney F. Tyler.
200
Wm
Offices,
LaDd
Allegheny
York.
Title Building, Philadelphia; Otto.
Broadway and 36 Wall St., New
Virginia Carolina Chemical Co.— Listed. The New York
Stock Exchange has listed $15,984,400 additional common
stock (representing capital stock of the Southern Cotton Oil
Co. surrendered and canceled), making total amount of common stock listed to date $27,984,400.—V. 73, p. 1318, 1288.
Westinghouse Air Brake Co.— Decision. —See New York
Air Brake Co. above.— V. 73, p. 842, 722.
Youngstown (0.) Iron, Sheet & Tube Co. -Increase of
The directors of this company, which recently inStock.
creased its capital stock from $1,000 000 to $2,000,000, have
approved a further increase of the stock either to $4,000,000
without a bond issue, or to $3,000,000 with a bond issue of
The company is erecting sheet and tube mills at
$1,000,000.
Youngstown, O. The "Iron Age" says:
The direotors have dosed the purchase of Alice furnace of Piokands,
Co., Penn.; 277
—
—
Mather
Mather
Sharpsviile, Pa., and contracted with Plokands,
ten years' s pply of ore to run the furnace, and also
for a new stack to be built at Youngstown in connection with an openhearth steel plant to have a daily capacity of 800 tons. They are also
negotiating for coking coal properties to supply their ooke. Presitent
Wick will also recommend to the board the doubling In size of the
present sheet mill, or perhaps the building of a 10-mill tin plate plant
and he ereotlon of another large skelp mill and a pipe mill to roll up
to 12 Inches.
&, Co., at
&. Co. for a
1
A large block of the capital
by Pickands. Mather
—The
& Co.
of
stock
was recently purchased
Cleveland.— V.
73, p. 622.
January "Country Life
in America" is a California
pictures characteristic of this unique
and beautiful magazine, and wholly devoted to the outdoor
world on the Pacific coast. The special covers show big
trees
of the Sierras, and a frontispiece the blooming
orchards at the foot of snow-capped mountains.
number with superb
— Boody, McLellan &
of railroad
list
Friday Niuut,
Co., 57 Broadway, issue a monthly
and otner securities dealt in, and regarding
which they are prepared to furnish detailed information.
The firm is one of tbe oldest on the "street," their membership in the New York Stock Exchange dating back to 1887.
—Coupon number one, due January 1, on the Bangor &
Aroostook consolidated refunding bonds will be paid by
& Co. in New York or Lee, Higginson & Co.
I
1901.
The business week has been an unusually short one. In adWednesday, Christmas Day, some of the leading
commercial Exchanges observed Tuesday as a holiday, while
dition to
others suspended business on Thursday. Boliday dulness baa
been quite generally noted, the demand for sopplir-H for im
mediate delivery from manufacturers and dealers being
small.
The undertone
of confidence in the general business
situation, however, has continued quite pronounced.
Prices
have been well maintained, with the
indications considered ino*t promising for the resumption of
active business following the turn of the year. Raw and refined sugars have sold at low-record prices, the result of overproduction and quiet business but at the close there was a
steadier feeling in the belief that the low prices ruling
more than discount the excessive supplies.
Lard on the spot has advanced, following the speculative
market, but the volume of business transacted has been very
moderate, both exporters and refiners being reported as light
buyers. The close was firm at 10'40c. for prime Western and
Refined lard has been held at
9'75@10o. for prime City.
prices, but business has been quiet.
higher
Speculation in
lard for future delivery has been fairly active.
Buying by
shorts to cover contracts on reports of large freight engagements for supplies to be shipped in January to Europe and
light receipts of hogs have advanced prices.
The close was
for
most staple
articles
;
firm.
DAILT GLOBING PRICKS OF LARD FDTtIHE8.
15
;
Commercial Times*
COMMERCIAL EPITOME.
—
[The] United «ok« & (Jan Co.— Ittuminating Gfeu from
Coke Ovc ns.— This couipauy ih introducing into the United
States b> -product coke oven systems of the style exploited by
Dr. C. Otto &Oo. of Germany— chiefly the Otto- Hi ffman coke
ovens of tbe Sobniewlnd type, protected t.y United States
Patent No. 073,928, and numerous other patents. Its bestknown ins, allation is the plant of the New England Ga« &
Coke Co at Everett, Mass., near Boston, wbioh consists of 4"0
ovens that are producing 1,400 long tons of coke a day (700
tons used by looomotives, 3f>0 by steam plants and 850 for
domestic purposes) and are supplying up to 6,500, 100 cubic
feet of illuminating gas (19 candle power, without enriching)
to the gas companesof Boston. The " Iron Age" of Nov. 2»
contained an exhaustive articleon the processes employed and
rom this
their practical working. The following facts are
1365
Sat.
M on. Tue.t Wed TKun Prx.
10 02 1007
Holiday.
Deoember
1030 10-40
Pork has had a moderate sale and prices have been improved slightly, closing firm at $16 50@17 50 for mess, $17 50
@18 for family and $18 50@20 00 for short clear. Cut meats
have been firmly held, but business has teen quiet, closing
at 7@7J^c. for pickled shoulders, 9%<ai0%c. for pickled
hams and 8%@9}^c. for pickled bellies, 14@l0 lbs. average.
Beef has been firm, with prices tending upward, closing at
$9@10 for mess $10@11 50 for packet $11@12 50 for family
and 18 50@18 75 for extra India mess in tcs. Tallow has
been quiet but steady at 6c. Stearines have been in fair de.
;
;
mand and
firmer, closing at ll^@113^c. for lard stearine
and lie. for oleo stearine. Cotton-seed oil has been dull
but steady at 39)£@40c. for prime yellow. Butter has continued firm for choice grades, closing at 15@25c. for creamery.
Cheese has been quiet but steady at 7@ llj^c. for State
factory, full cream. Fresh eggs have reacted from the high
prices of a week ago, closing at 30c. for choice Western.
Brazil grades of coffee have had only a small distributing
buyers generally preferring to holdtff until after the
holiday season, but on limited offerings and speculative buying by large interests, prices have been firmer. The close
was steady at 7c. for Rio No. 7. West India growths have
been arriving slowly, and with limited offerings prices have
been firm, with good Cucuta at 9c. East India growths have
been firm. Speculation in the market for contracts has been
moderately active and prices have been firmer on renewed
speculative buying for investment account. The close was
fairly active and steady.
Following are closing asked prices :
Deo
6-80o. May
715c Ang.
7-45e.
6-750. June
Jan
7-25o. Sept
7-550.
Maroh
6-95o. July
u
7-35c. Oct
7 60o.
sale,
!
I
Raw
sugars have been dull and easier under large prospective supplies, closing at 3^c. for centrifugal, 96 deg. test,
and 3 5 32c. for muscovado, 89- deg. test. Refined sugar has
been quiet and prices have declined, but closed firmer at
4 75c. for granulated. Teas have been firm but quiet. Other
staple groceries have been unchanged.
Kentucky tobacco has had only a small sale, demand being light trom both the home trade and exporters. Business
in the market for seed leaf tobacco has been quiet, but prices
have held steady to firm. Offerings of Wisconsin have been
reported as limited and Connecticut has been well held.
Foreign tobacco has been quiet and unchanged.
Business in the market for Straits tin has bean quiet but
there has been some recovery in prices, following foreign
markets, and the close was steady at 23-50(«23 75c. Ingot
copper has been quiet and prices were reported easy, with
sellers at 13c. for Lake.
Lead has been quiet and without
Spelter has held steady, closing quiet
changes at 4c.
at 4'40c. Pig iron has been in good demand for next year's
delivery; prices have been steady at 13@16c.
Refined petroleum has been unchanged, closing steady at
and
Brown Brothers
7-20c. in bbls.,6 30c-. in cases
in Boston.
Credic balances have been unchanged at $1 15. Spirits of turpentine has advanced and
the close was firm at 3Q(<l39}£c.
Rtsins have been quiet,
closing -tt $1 52}$@1 55 for common and good strained. Wool
has been firmly held, but business has been quiet.
Hops
have been quiet and unchanged.
—
Redm md, K>rr & Co. advertise a selected list of January
investments.
The advertisement will be found on page x.
F. J. Lifrm%n
Co. offer several issues of tax exempt
investments. The advertisement is on page x.
—
&
has been unchanged at 905c.
4 65o. in bulk.
Naphtha
THE CHRONICLE.
13(56
COTTON.
Fbiday Night, Daceinber
27, 1901.
The Movement of the Crop, as Indicated by our telegrams
from the South to-night, 1b given below, For the week ending
evening the total receipts have reached 299,200 bales,
this
against 292,433 bales last week and 804,639 bales the previous
week, making the total reoelpss sinoe the 1st of Sept., 1901,
4,000,179 bales, against 4,480,667 bales for the same period of
1900, showing an increase sinoe Sept, 1, 1901, of 110,512 bales.
Mteeipte
at—
Tkurt.
N'p't
2,764
6,294
2,196
898
at—
Leaping
Great
GerOther OoattBritain Fr'nce many. For'ffn Kilt.
New Orleans.
Galveston. ...
tlock.
Totai.
19,200 28,929 14,847 19.598
822
23,997 28,843 9,234 4,761 5,879
2,^00 ......
2".765
7,500
5,000
4,6b'6
2,400
16,000
"""50
7,500
12,000
10,000 i'.obo
3,456
7,000
2,725
777
46
808
183
249,408
159,355
132,789
80,097 52,772 38,131 28,343 24,966 221,315
806,487
69,672 20.450 61,577 41.439 25,567 218,755
49,260 37,116
128,893
25,384 240.653
...
Other ports
2,930
520
77.89G
72,704
2,500
10,265
9,000
18,400
7.550
26,000
Savannah
New York
100
691
:^0,843
23,010
2J.765
113,787
77,530
—
—
'
842,123
933,328
Speculation in cotton for future delivery has been fairly
O wing, however, to Wednesday and Thursday being
observed as holidays, the business week has been a comparatively short one. Early in the week the tendency of prices
was towards a slightly better basis. The sentiment of the
trade continued largely bullish and there was a moderate
amount of speculative buying for investment acactive.
News, Ac
count in
Phlladel'a,
Tot. this
OR BHIPBOAKD, HOT OLBABBD FOB —
Dee. 27
MobUe
2,159
Boston
Baltimore
Lambert A Barrows. Produce Exchange Building.
Oharleaton
2,101
New York
We
Total 1901..
Total.
Fri.
Galveston....
13,279
30,635 15,758 10,429
Bab. Pass, Ac.
New Orleans... 13,091 14,085 16,659 10,968
997 1,478
414
Mobile
IS
Pensaoola, Ac.
Savannah
8,177 6,839 9,270 7,847
Brnnsw'k.&o.
Oharleston
Pt. Royal.&o.
Wilmington....
Wash'ton.&o.
Norfolk
In addition to above exports, our telegrams to-night also
*ive us the following amounts of ootton on shipboard, not
cleared, at the portB named.
add similar figures for
Hew York, whioh are prepared for our special use by Messrs,
Total 1900..
Total 1899..
Wed.
Tutt.
Sat.
[YOL. LXXIII.
4c.
171
208
week 44,651 47,874 64,266 38,708
The following shows the week's total receipts, the totalsinoe
and the stook to-night, compared with lastyear.
Sept. 1,1901,
1900.
1901.
Receiptt lo
Dec. 27.
Since Sep.
1, 1901.
Th.it
week.
Galveston... 96,124 1,329,651
8ab.P.,Ao.
963
27,267
New Orleans 73,698 1,265,581
Mobile
5,418 117,180
P'saoola.&o. 25,474 110,032
Sayan nan... 41,082 793,395
89,652
Br'wiok.&o.
2,563
Charleston.. 15,052 191,693
261
1,317
P.Royal.&o.
This
toeek.
anticipation of
an improvement in prices
holiday season.
Immediately preceding the
Christmas holiday there was slightly more pressure to sell,
soma holders preferring to liquidate their contracts rather
than carry them over a two- days' adjournment of the Exchange, and this resulted in a slight weakening in values.
the
after
Block.
Since Sep.
1, 1900.
1901.
1900.
232,059
62,603 1,213,932
1,568
21,169
89,883 1,476,866
8,962
99,927
847
63,881
29,266 682,094
1,186
60,483
4,875 181,194
21
558
3,106
206,311
23
464
15,036 259,510
1,363
26,958
4,406
38,588
4,869 111,550
2,848
26,949
518
10,783
The crop movement,
also,
was
and
fairly full,
had
this, too,
influence against values. Today there was a slightly
better market at the opening in response to firmer advices
from Liverpool than expected. Ths improvement, however,
was not maintained. Notices for the delivery of cotton on
January contracts were freely issued and resulted in considerable liquidation for the account of speculative holders.
The crop movement for the week was fairly full, being
larger than for the same week last year, and this, too, had a
weakening effect upon values. The close was steady with
prices 3j|8 points off for the day. Cotton on the spot has
been quiet and the close was easier at 8}£c for middling uplands.
Tne rates on and off middling, as established Nov. 20, 1901,
its
234,245
-*•..
327,304
32,010
410,464
37,262
125,289
9,030
41,108
137,574
7,341
22,293
.
by the Revision Committee, at whioh grades other than
middling may be delivered on oontract, are as follows.
286,216
o. 114 on
Good Middling Tinged
48,165
39,414 Fair
Even
0-80 on Strict Good Mid.Tlnged.c. 020 on
Middling Fair
10.545
278
N'port N.,&o
186
5,506 Strict Good Middling
0-50 on Strict Middling Tinged.... 006 off
121,337
New York... 8,160 66,746
80,168 Good Middling
032 on Middling Tinged
012 ofl
0-14 off Strict Low Mid. Tinged... 034 off
46,736
1,605
49,000
56,000 Strict Low Middling
0-38 off Middling Stained
Low Middling
50 off
41,699
947
Baltimore
11,512
16,307 Strict Good Ordinary
072 off Strict Low Mid. Stained... 1-06 off
14,504
1,929
7,139
Philadel.&c.
6,530 Good Ordinary
1-00 off Low Middling Stained
1*50 off
On this basis the otfloiai prioea for a few of the grades for
299,256 4,600,179 226,380 4,480,667 1,030,802 1,060,883
Totals
the past week— Dec. 21 to Dec. 27— would be as follows.
In order that comparison may be made with other years,
UPLANDS.
Sat. Won Tnei Wed T». Frl.
we give below the totals at leading ports for six seasons.
Wilmington.
Wash'n, &o.
8,614
11
19,062
207,643
1901.
1900.
322
.
Receipts
at—
GalveB'n,&e.
New Orleans
11 others...
35,678
64,171
89,853
3,962
29,266
4,896
3,129
15,036
1,333
14,674
ffot.thiswk.
299,256
226,380
97,092
73,698
5,418
44.032
15,323
8.625
19,062
Savannah...
Ohas'ton, Ac.
Wilm'ton.Ao
Norfolk
N. News, Ao.
278
1899.
26,613
7,779
.-..
1898.
1897.
-
,
,
1896.
42,492
55,068
7,706
23,866
3,641
2,985
13,991
1,549
22,039
102,459
88,014
8,869
33,782
6,447
3,525
16,615
578
37,761
66,92 i
118,524
14,373
35,996
13,252
7,192
19,082
39,729
64,295
8,687
18,723
25,474
2,064
24,045
264
846
32,554
31,549
173,337
298,053
303,158
215,412
Sinoe Sept. 1 4600,179 4480,667 8916,079 5799.975 5573,464 4952,450
for the week ending this evening reaoh a total
of 268,969 bales, of which 144,068 were to Great Britain, 31,109
lo France and 93,792 to the rest of the Continent, Below
are the exports for the week and sinoe Sept, 1, 1901,
The exports
Week Mndint Dec. 27
Exported to—
BsporU
from—
1901.
From 8en
1, 1901, to
Exported to—
Breen
Oonti- Total
Brtmi
Trance
Prance
BriVn.
ntnt. Week. Brttcin.
~13,139
62,409
Sab. Past. Ac.
New Orleana.. 43,0*8
Dec.27 1801
96,532
S 40,354 200.393
7,060
9,818
61,846
Mobile
452,301 148,584
39.706
Oontintnt.
283,583 1,024.886
8,466
15.518
807.648 698,433
9.541
6,974
9.44S
84.963
48,160
T.674
15.767
48,785
17.796
Brunswick
fetal,
4,051
66,318
77,030
169,484
31,091
882,231
8,617
65,473
99,569
621,759
64,091
81.987
....
.•••.
46.690
Charleston
Port Roy a!....
Wilmington...
Norfolk
N'port N„ 4o..
••••••
89,838
13.884
68,049
83.963
98,946
8,831
1,000
1,197
7.652
10.028
102,920
400
1,756
18,374
Jood Middling.....
diddling Fair
•
•••..
674
8,180
8,486
2,180
400
200
Philadelphia..
Ban Fran., *o..
1,665
4,900
1.206
4.9 JO
800
13,083
161.475
80,976
86.480
8,916
1,608
82,731
46,254
6,619
57,814
67,214
144.063
Total, 19O0
...
756
8'56
8-83
856
936
tlddling
GULF.
iood Ordinary,
uow Middling..
Middling
iood Middling.
aiddllngFair..
STAINED.
uow Middling. ._. ...... .......
Middling
3triot Low Middling Tinged...
8-83
936 936
Sat. .Von Tues
7-81
8-43
7-81
8'43
881
9-13
881
913
961
9-61
7-06
8-06
8-22
8-56
706
8-06
8-22
812
850
8-82
9 30
781
Wed
TM. Prl.
H
a
o
-
8-43
8 81
913
961
o
p.
&
"I
Wed Th.
RXon Tuea
Sat.
7-50
n
o
C
o.
8 18
706
806
822
Holi-
day.
Frl.
7 00
8 00
Holiday.
8 16
850
856 8-56
The quotations for middling upland at New York on
Dec. 27 for eaoh of the past 82 years have been as follows.
3ood Middling Tinged
1901. ...o. 8i«
1893. ...0. 713 16
1892
9*e
716 16
79 16
1891
5'8
1890 ..... 93 16
615 16 1889. .....10k
7*8
1888
9\
10"8
8*4
1887
97 16
5liie 1886
1885. ...0. 93 ia
1877....c.llk
1884
lU ia 1876
12*
1883
1875
103e
13k
1882
1874
144
10k
16
1881
12
1873
1880
20k
lH6ie 1872
1879
1871
12k
20k
9ifl
1878
1870
153a
MARKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add oolumns whioh show
at a glanoe how the market for spots and futures dosed on
same days.
1900
1899
1898
1897
1896
1895
1894
105, 6
.•••••
1.197
100
756
818
7-56
8-18
8-56
8-83
13,038
274,429
—
^
Middling..........
176,899
9,231
New York
Jood Ordinary
uow
31,109
93,792 868.969 1,705,681 401,637 1.383.189 8,430.467
91.719
83,378
69,859 lsZole 1,613.811 '366.863 1.163.870 3,137.644
Spot Mabket
Closed.
Saturday
Monday..
fueaday
Fotdbes
Mabket
Closed.
Quiet at lie adv. Firm
Quiet
Very steady.
Qolet
Steady
Wednesday
...
Total....
<b
Oontbact.
Ex-
Con-
Gon-
port.
tump.
tract.
400
_
.
,
*•<«'•
4,700
5,100
200
200
Holi days..
Thursday
Friday
Sales or Spot
Quiet at lie dec steady
153
553
900 1,053
5.800
6,353
December
THE CHRONICLE.
28, 1901.]
Futures — Highest, lowest and oloslnR
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aorresponding period of 1900— is set out in detail below.
(or the
C
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°°
to
to
o
©
o
The Visible supply op Cotton to-nlgtit,
W
-j<
1
9
'
MM
cW
°°
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OS
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9
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mada up
1
1
as
by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
(Dec. 37), we add the item of exports from the United States,
including in it the exports of Friday only,
1901
1900
1899
1898
BtOoM at Liverpool
bales. *620.0OO
625,000 739,000 1,337,000
Stock at London
12.000
3,000
4,000
3,000
Total Great Britain stock. 6^4,000" 637,000 744,000 1,340,000
Block at Hamburg
13.000
15,000
16,000
13,000
Stook at Bremen
309,000
219,000 179,000 205,000
Stock at Amsterdam...
3.OO0
2,000
""266
Stook at Rotterdam
200
300
200
Stock at Antwerp
5,000
6,000
3,000
7.000
Stook at Havre
135,000 120,000 280.000 214,000
Stook at Marseilles
2,000
2,000
4,000
4,000
Stock at Baroelona
55,000
29,000
77.000
42,000
Stock at Genoa
45,000
48,000
43,000
30,000
Stook at Trieste
2,000
3,000
5,000
10,000
Total Continental stocks
459,200 398,200 643,300 645,200
Total European stooks.... 1 ,083.200 1,035,200 1,385,300 17985 200
India cotton afloat for Europe
26,000
60,000
19,000
8,000
Amer cotton afloat for E'rope. 734,000 664,000 418,000 933,000
Egypt, Brazll.&o. aflt.f or E'pe
82,000
29,000
59,000
43,000
Stock in Alexandria, Egypt. . . 202.000 170,000 204,000 241,000
Stock In Bombay. India
172.000 243,000 250,000 200.000
Stock In United States ports.. 1,030,802 1,060,«83 1,173,981 1 804 512
Stook in U. 8. interior towns.. 725,166 819,640 820,567 752.447
United States exports to-day.
55,684
9,560
21.164 _ 65,377
Total Visible supply
4,110,852 4,091,283 4,340,012 5,543,536
Of the above, totals of Amerioan and other descriptions are as follows
.
•1
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The above totals show that the interior stocks have m"
treated during the week 8,902 bales, and are to-night 94,474
bales less than at same period last year. The receipts at all
towns have been 2,209 bales more than same week last year.
Overland Movement por the Week and Since Sept. 1.—
below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Dec. 27 and since Sept, 1 in the last two years are as follows.
r7e give
1901.
Decembtr 27.
Week.
tkvpptd—
Via St. Louis. aMM
.
22,039
.
2,5 87
Via Paduoah. ............ ........
Via Rook IMand
„..
Via Loulsvlhe.... ...... ........
Via other routes, &o..„..... ~.
slsos
5,572
2,816
10,728
1900.
Since
Sept.
1.
Week.
Binct
Sept.
1.
400,007 39,276
6,699
64,559
261
24
3,040
18,235
87,310
6,549
5,398
47,831
7,804
165,452
549,139
136,218
4,200
40,961
72,461
37.8Z4
133,139
,
.
American—
Liverpool stook
Continental stocks
..bales. *565.000
536,000 616,000 1,233,000
368,000 611,000 601,000
American afloat for Europe..
664,000 418,000 933,000
United States stook
1,030,802 1,060,883 1,173,981 1,304,512
United States Interior stooks. 725,166 819,640 820,567 752,447
United States exports to-day.
6r>,377
55,684
9,5eo
21,164
Total Amerioan
3,524,652 3,458,083 8,660,712 4,889,336
Matt Indian. BraiU, dkcLlverpool stock
*65,OO0
89,000
123,000
1C 4,000
Londonstock
4.000
12,000
3,000
3,000
Continental stooks
85,200
30,200
32,300
44,200
India afloat for Europe
26,000
60,000
8.000
19,000
Egypt, Braill, Ac, afloat
82,000
29,000
59,000
48,000
Stook in Alexandria, Egypt.
202.000 170,000 204,000 241,000
Stock In Bombay, India
172,000 243,000 250,000 200.000
Total East India, &o
586.200 63d,200 679,300
a."^, 200
Total American
3,524,652 3,458,083 3,660,712 4,889,336
1 *1
lDle supply
.4.110,852 4,091,283 4,340,01* 5,543.536
... -I?.
Middling T>
Upland, Liverpool..
5is S od.
421^.
4Jfld.
33<»2d.
Middling Upland, New York..
7n ie0
8*110.
lO&ieo.
5't.e.
Egypt Good Brown, Liverpool
7!ed.
8%<L
7d.
5^d.
Peruv. Rough Good, Liverpool
7d.
738d.
6\d.
713d.
Broaoh Fine, Liverpool
4i5 33 d.
4f 16 d.
S5i 8d.
59i e d.
Tlnnevelly Oood. Liverpool..
53 16 d.
d.
i^d.
3ii«d.
4»i 8
* Last week's figures.
Liverpool statement 10 be Issued Deo. 31.
(ST Continental imports past w«efe have been 178,000 bales.
The above tlgares indicate an inorecwe in 1901 of 19,569
bales as compared with same date of 1900, a loss of 229,160
bales from 1899 and a decline of 1,432,681 bales from 18a8,
424.000
734,000
.
. .
~45,945
Otduct tMpvuntt—
Overland to N. Y., Boston, &o.
69,027
973,942
7,641
1,745
169.685
32,0'. 6
22,398
12,641
2,165
1,020
167.820
72,320
20.&88
9,784
224,109
15,826
281,128
398
Inland,
Ac, from South
....
_
Totalto be deduoted
Leaving total net overland*.. 36,161 559.809 53,201 692.814
movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 36,161 bales, against 53,201 bales for the
week in 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 133,505 bales,
Inoludlng
19O0.
1901.
In Sight and Spinnerf
Taktngt.
Week.
Since
Sept.
1.
Week.
Since
Sept.
1.
299.256 4,600.179 226,380 4,480,667
Receipts at ports to Deo. 27
36,161 559.309 53,i:01 692,814
etet overland to Deo. 20
louthern consumption to Deo. 27 36,000 583,000 32,000 510,000
.
.
783,418
371,417 5,742,488 311,5«1 5,683,481
8,902 595,861 84,335 775,013
Total marketed
nterior stooks In exoess.
315,916
Came Into sight during week. 880,319
6,458,494
6,338,349
Total In sight Deo. 27
'orth'n spinners tak'gs to Deo. 27
Movement
68,956
919,418
91.348 1.048,323
into sight in previous years.
Week—
1899— Dec 29
1898— Dec SO
1897— Dec 31
139C-97-Jan. 1
1—
Bales.
Since Sept.
241,622
429,635
367,tti3
1890-Dec 29
1898-Dec 30
1897— Dec 31
267,750
1896-97-Jan. 1
Bales.
5,792,025
7,646,779
7,228,175
6,324,731
THK CHRONICLE.
13(58
Quotations k>b Middunq cotton at Othkk Markets,—
Below arc dosing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
0LO8INO QUOTATIONS FOB MIDDLING COTTON
Wtfk ending
Dee. 27.
Mon.
Satur.
Tue$.
Fri.
Tkurt.
H, 18
81 16
71B 16
715 18
Galveston...
8
New Orleans
^18
R»18
T>*
7i»ie
7'8
734
81ie
Mobile
Savannah...
Charleston ..
Wilmington.
Norfolk
ON—
7 78
715 16
7 '8
Wednes.
8I18
wl 18
71"ib
715 16
8
7 78
8 X 18
8»18
8*4
8
St.
Louis
Houston
Cincinnati
Louisville .
The
.
M13 16
83i 8
813 ia
H3, 6
8*4
813 le
8 3 18
8
8
8
8
8
Memphis
8H
8
Augusta
8he
8
Philadelphia
8>18
8»18
8*
.
7 78
8 1*
Baltimore
7 78
She
aha
8!l8
8*16
8V4
8iie
814
8%
8k
8
W
a
5
a
~
Q.
8%
8 18'»3 18
3H
8i*
9*4
814
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens
Atlanta
Charlotte
Columbus, Qa.
8ii8
7i 'is
7 7e
7 ss
:
I
Columbus, Miss
Eufaula
Little Rook....
Montgomery
7 ss
I
Nashville
Natohez
7%
7n 16 Raleigh
|
Shreveport....
—
Greenwood, South Carolina. It has rained on two days of
the week, the rainfall reaching eighty- five hundredths of an
inch. The thermometer has ranged from 25 to 44, averaging 34.
Charlotte, North Carolina. It has rained duriDg the week,
the rainfall being one inch and thirty-two hundredths. The
thermometer has averaged 37, highest being 64 and lowest 10.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
3 o'clock Dec. 26, 1901, and Dec. 27, 1900.
—
Dee. 26, '01. Dee 27, '00.
Mew Orleans....
Memphis
—
—
—
—
—
—
—
—
Shreveport
Vlcltsburg
lowest
15.
182
120
62
2-8
63
143
16-8
6 5
5-5
Movement fbom all Poets. — The
India Cotton
receipts
ootton at Bombay and the shipments from all India ports
for the wook ending Dec. 26, and for the season from Sept. 1
to Dec. 26 for three years have been as follows:
>f
1901.
Receipts at—
Bombay
1900.
Since
Week.
1899.
Sine*
Week.
Sept. 1.
Since
Week.
Sept. 1.
369,000 63,000
71,000
Sept. 1.
283.000 36,000
For the Week.
326,000
Since September
1.
Mxportt
from—
Great
Continent.
Total.
8,000
14,000
8,000
14,000
Britain.
Great
Britain.
Continent.
Total.
Bombay—
1901
1900
1899. ...
oaloutta—
1901
1900
1899
12,606
1,000
1,000
40,000
108,000
5,000
40,000
120,000
5,000
3,000
7,000
4,000
4.000
8,000
5,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
6",6o6
3,000
8,000
1,000
3,000
14,000
1,000
2,000
2,000
7,6"00
28,000
25,000
10,000
28,000
32,000
10,000
74,000
148,000
20,000
75,000
174,000
21,000
Madras—
1901
1900
i',066
1899,. ..
others—
1901
All
1900
1899
cotal all—
1901
1900
1899
10,000
15,000
1,000
1,000
1,000
11,000
16,000
1.000
1,000
26,000
l.OOO
ALEXANDRIA RECEIPTS AND Shipments of Cotton.—
Alexandria, Egypt,
December 25.
1901.
1899
1900.
«eoelpt8 (oantars*)...
This week....
275,000
3,829,000
250.000
4,172.000
125,000
3,025,000
1
TMt
Since
IMt
Since
week.
Sept. 1.
week.
Sept. 1.
Tkit
week.
Hxnce
Sept.l.
Exports (bales)—
22,000 150.000 15,000 158,000
15,000 195,000 4,000 107,000
9,000 207,000
8,000 175,000
Total Europe
.....
*
A oantar Is 98
pounds.
t
Of which to America In 1901,43,274 bales; In 1900. 22,605 bales;
37,000 345.000 19.000 265.000 17.000 382.000
In 1899, 42,551 bales.
Manchester Market. — Our report received by cable
from Manchester states that the market is steady
both yarns and shirtings. The demand for both home
trt de and foreign markets is improving.
We give tbe prices
for to-day below and leave those for previous weeks of this
and last year for comparison.
to-night
for
— It has rained during the week to the
hundredths of an inch. The thermometer has ranged from 3 to 64, averaging 33.
Mobile, Alabama.—Mild weather last five days. There has
been rain on one day during the week, the rainfall being one
hundredth or an inch. Average thermometer 47, highest 72,
Feet.
Above zero of gauge.
Above tero of gange.
Above zero of gauge.
STaahvllle.
713 16
us by teleevening from the South indicate that the weather
grap this
has been more favorable as a rule during the week. Rain
has fallen at most points, but on the whole the precipitation
has been light and the temperature has been higher. It is
stated that the movement of cotton to market has been
hindered to some extent by bad roads, scarcity of cars and
the holidays.
Galveston, Texas.— We have had rain on one day during the
week, to the extent of one hundredth of an inch. The thermometer has averaged 53, ranging from 36 to 70.
Corpus Christi, Texas —There has been no rain during the
week. Average thermometer 53, highest 78 and lowest 28.
Fort Worth, Texas,— Dry all the week. The thermometer
has ranged from 16 to 74, averaging 55.
San Antonio, Texas. There has been no rain during the
week. Average theimometer 53, highest 78 and lowest 28.
The therIt has been dry all the week.
Palestine, Ttxas.
mometer has averaged 36, highest being 66 and lowest 6.
New Orleans, Louisiana.—It has been dry all the week.
The thermometer has averaged 54,
Shreveport, Louisiana. Dry weather has prevailed all the
week. Average thermometer 45, highest 74, lowest 14.
Columbus, Mississippi. We have had rain on two days the
past week, to the extent of one inch and ten hundredths.
The thermometer has ranged from 14 to 55, averaging 35.
Vicksburg, Mississippi. There has been rain on one day
the past week, the precipitation beiDg one hundredth of an
inch. The thermometer has averaged 49, the highest being
71 and the lowest 16.
Meridian, Mississippi.— Bad weather and bad roads have retarded receipts of cotton, and the great scarcityof cars interferes with the movement from railroad stations. It has rained
on four days during the week.
Little Rock, Arkansas.
We have had only a trace of rain
during the week. Average thermometer 41, highest 71 and
lowest 8.
Helena, Arkansas. A little cotton yet to pick. There has
been no rain during the week. The thermometer has averaged 41, the highest being 63 and the lowest 12.
Memphis, Tennessee. The weather has been dry all the
week. The thermometer has averaged 39 '5, ranging from
Feet.
3-1
.Above sero of gauge.
...Above zero of gauge.
7*8
7 7e
7 78
Weather Reports by Telegraph.— Advices to
to 69-6.
Nashville, Tennessee.
extent of twenty-three
[Vol. LXXIII.
1900.
1901.
8H
SH
lb$. Skirt- Oott'n
lot.
SMrt- Oott'*
32* Cop. ings, r.ommon Mid. Sit Cop. ings, common Mid
Twitt.
Twitt.
Upldt
Upldt
to flnett.
to finest.
d.
d.
s.
d.
a.
d.
97 9
Nv.22 6«i8ff7»ft 5
" 29 684 ©713 5 0»a»7 9
Deo. 6 dlOjgt&TSg 5 li«©7 10*3
" 18 7
97h 5 2 97 11
" 20 7
«7% 5 2 97 11
d.
d.
d.
413 32 87 16 »938
4H32 83s a93g
413
sifl 991*
419^2 3*4 9938
4i9 32 83e »938
4'
21 32 %*$ ©93g
8.
5
d.
B.
51*98
d.
a.
558
5»8
5^18
5*8
5 1*
51532
5 6 «8
Montgomery, Alabama. The past week's cold spell has
5 6 98
been the most severe in December since 1882. There has
5 5 97 11
5 5 t»8
been rain on two days the past week, the precipitation being
" 27 71i 6 »713 16 5 2 f»7 U
5 5 98
forty-five hundredths of an inch. The thermometer has averaged 45, the highest being 72 ani lowest 12.
Egyptian Cotton Crop.— The following resume of anMadison, Florida.— Picking is finished.
There has been swers received by the Alexandria General Produce Associano rain during the week. The thermometer has ranged from tion for the month of .November has been kindly furnished
18 to 74, averaging 43.
us by Mr. Fr. Jac. Andres, Boston:
Augusta, Georgia. We have had rain on one day durThe temperature in November
favorable to the last picking,
ing the week, to the extent of twenty-eight hundredths which, however, is generally smallwasquantity. The yield in ginning
In
of an inch.
Average thermometer 41, highest 70 and low- continues irregular, and on the whole is rather inferior to that of last
—
—
est 13.
year.
Nevertheless these circumstances are not of a nature to modify
our previous
Savannah, Georgia. There has been rain on two days of maintain our forecasts on the tlnal result of the crop, and we therefore
estimate of 6,250,000 oantars about. The crop of Abthe week, the precipitation reaching twenty-three hundredths bassi cotton is superior In quantity to that of last year, while that of
of an inch. The thermometer has averaged 47, the highest Yannovloh Is about the same, but in the absence of any statistics on
the subject it Is impossible to indicate precise figures.
being 73 and the lowest 18.
Charleston, South Carolina. It has rained on three days of
Jute Butts, Bagging, &<j.— The market for jute bagging
the week, the rainfall reaching forty- six hundredths of an has been very dull during the week under review, but prices
inch. The thermometer has ranged from 24 to 72, averag
are unchanged, the close to-night being at 5%c. for \% lbs.
ing 45.
and b%c. for 2 lbs., standard grades. Car lots of standard
Stateburg, South Carolina.— Rain fell on Monday last, but brands are quoted at 5%@6c, f. o. b., according to quality.
the weather is now mild and cloudy. The thermometer has Jute butts also very quiet at \%@\%c, for paper quality and
averaged 44, ranging from 17 to 71.
2%@2}£c. for bagging quality.
—
—
DECEUBEtt
THE CHRONICLE.
28, 1901.]
KXPOUT8 OP UOTTON (iOODS PUOM liBEAT BBITA1N.— BoloW
we give the exports of cotton yarn, goods, &c, from (Jrcat
Britain for the month of November and since January 1 in
1901 and 1900, aa compiled by us from the British Board
It will be noticed that we have reduced
of Trade returns.
the movement all to pounds.
rarn&Thread
lotalof AU.
Cloth.
000* omitted.
1901.
1900.
1901.
1901.
1900.
1900.
1001.
Tot.lst quar
Tit.
4*2.633
Lbs.
Lbt.
i»,80:i
464,047
91,755
88,226
Lbt.
108.948
16,676
17. Ui
4
26.419
439,312
81.068
19,847
120,892
466,772
79.594
83.619
88,260
06,744
06.589
108,028
100.651
108,097
48,814
58,790 1,320,044 1.870.181 252,417 259.994
801.231
316,784
16,615
—
Lbt.
17,193
16,946
January
February
1900.
16,767
79.569
79,902
77,480
81,610
98.174
96.0»0
94.263
98.240
80.643
73.497
04,514
87,139
47,039 1,262.161 1,223,436 240,164 232,693
285,708
279.632
88.121
100,282
101,692
Lbs.
16,118
16,680
18.901
May
417.480
420,698
13,042
424.183
Tot. 2d quar. 46,634
Tdt.
407,576
429,806
386,596
Lbt
452,999
389,535
90.810
90.85(1
71,056
107,710
886,374
84.087
78,455
100,886
88,200
87.778
Tot. 8d quar. 62,091
43,917 1,396.408 1.22t.9U8 866,286 233.032
817,377
14.821
14.636
New York
Cotton freights at
week have been
the past
as follows.
Hon.
Satur.
Wednei.
Tuet.
trx.
Thurt.
12*
124
12*
12*
20
18
20
e.
20
18
20
18
e.
17*
17»t
e.
Liverpool
17
17*
e.
Munches ter
Havre
e.
Bremen
Hamburg
Ghent
Ant wet p
e.
e.
18
'a
17%
17*
n
^
18-21* 18-U* 18-211*
13915 13*15 13'015
26
31
Reval, via Hull e.
Reval, via Canal.e.
St. Petersburg... e.
26
82
26
32
17*
17*
18-21*
13*15
26
32
Barcelona
e.
28
28
Genoa
e.
20921
20921
28
28
20-22 if 20a 21
Trieste
28
2R
e.
Quotations are cents per 100 lba.
M
28
—
jiVEUPOOL. By oable from Liverpool we have the following statement of the week's sales, stocks, 6tc, at that port,
277,670
18.601
Oetober
November... 17,411
L369
18,442
July
16,471
17,361
September...
14.168
16,898
14,823
477.819
476.289
442,810
Dee. 13
Dee. 6
442,171
84.063
82.280
385,4>-e
UB.47D
416,032
73.286
102,754
88.107
79,208
09,681
93,843
947
Sundry
020
26.450
arllcl
27,175
1,134.247 1.0S1.040
Total exports of < •otton e aanufact
The foregoing shows that tnere has been exported from the
United Kingdom during the eleven months 1,134,247,000 lbs.
of
manufactured cotton, against 1,084,049,000
lbs. last year, or
an increase of 50,198,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during November and since January 1 in each of
the last three years.
EXPORTS OF PIECE UOOD8 AND TARNS TO PRINCIPAL COUNTRIES IN
NOVEMBER AND FROM JANUARY 1 TO NOVEMBER 30.
Sales of the
November.
Piece Goods— Tardi.
(000a omitted.)
1901.
Turkey, Kgypt and Africa...
South America
North America
1900.
1899.
1901.
.
1 to
Of whloh Amerloan
1890.
432,476 416.632 441,708 4.8^3,25S 4.621,603 5,014,064
£51,30/
£47.915 £46,604
£1,487 £4,442 £4,221
Farns— Lb*.
(000s omitted.)
Oth. Kurope (except Turkey
2.4 la
3,031
1,828
l,9i5
1,621
2,637
1.882
1,951
2,522
630
891
2,289
3,687
8.07?
3,836
1.375
2,162
1,669
24,202
21,991
24.198
26,3 J 7
J>5,6W8
22,tl27
84.6H9
13,266
20,785
14,515
80,561
12,602
14,166
16,218
,
Total lbs
Total value..
14,737
Shipping inews.
17,975
£587
£730
— As
11,456
i6«0
snown on
165.136
£7,120
145,837
£7,079
24,203
37.468
86,287
3S.870
21,080
23,860
16.736
Market
wt,
total bale*.
Bovio, 1,723
Cana-
dian. 1,680
To Hull, per steamer Hindoo. 1,500.
To Manchester, per steamer Oalderon, 2,749
To Havre, per steamer Bordeaux. 103.
To Antwerp, per steamers British Qneen. 424
To Copenhagen, per steamer Nloolai II., 250.
New Orleans— To Liverpool -Deo. 22— Steamer Astronomer,
7.300
Deo.
27— 8teamers Alexandrian,
)
u.
To Manchester— Deo. ?3 Steamer Elswlok Lodge, 6,437.
To London Deo. 23— Steamer Jamaican, 500
To Bremen— Deo. 26 -Steamer Cerns, 9,818
Galveston— To Liveroool— DrtC 20— Steamers Imanl, 12,112;
Oriel. 10.947; Polltioian, 21,339
Deo. 21 -Steamer
.
Istrar, 12.072
.
3,403
1,500
2,749
100
424
250
Firm.
In buyers'
Mid. Opl'ds.
42182
421 aa
421 3a
421aa
Sales
Spec
8,000
7,000
500
500
500
<fcexp.
Futuret.
opened.
Firm at Steady at Steady at
2-64® 8-64 partially partially
advance. 1-84 adv. 1-64 adv
Market,
4 P. M.
(
20.984
4 -Steamer Maria. 4,512
land and 4 7 6 Sea Island
To Havre— Deo. 21— Steamer Cairnden, 3,720 upland and
331 Sealsland
To Bremen— Deo. 19-8teamer Sheikh, 13,22« .. Deo. 20—
Steamer Zlnla. 8,175
Deo. 24— Steamers Polarsijernan,
8,725 upland and 60 Sea Island; Soharzfels, 13,954 up-
9,541
5,729
4,051
land and 50 Sealsland
44,190
To Hamburg— Deo. 2l-Steamer Cairnden, 700.
700
To Barcelona -Deo. 26— Steamer Vinoenzo Bonanno, 7,030 7,030
To Genoa— Deo. 26— Steamer Vinoenzo Bonanno, 3,293 ... 3,293
Newport News— To Llverpool-Deo 2«-8tr. Kanawha, 1,197 1,197
Boston- To Liverpool- Deo. 17— Steamer Phliadelphian, 009
Ultonla. 1,571
Baxttmork— To Llverpool-Deo. 20— Steamer Vedamore, 1,265
To Hamburg— Deo. 20— Steamer Artemisia. 400
Pbiladelphia-To Rotterdam— Deo. 24-8tr. Canadia. 200
8EATTLE— To Japan— Ueo. 19-8teamer Guernsey 2,050
Tacoma— To Japan— Deo. 24— Steamer Clavering, 2,850.
lotal
_
K
o
u
p.
V
10,000
w
500
o
i
Steady.
Barely
steady.
The prices of futures at Liverpool for eaob day are given
below, Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
Sat.
IHou.
Dee. 23.
Tu
ei.
Dee. 24
Wed. Tn ars.
Dee. 25.
Dei .26.
d.
Deoember
..
Deo. -J an
Jan. -Feb
Feb.-Mob...
.
Mch -Apr
.
.
April-May...
May- June...
June-July...
July- Aug...
Aug.-Sept...
d.
d.
4 36 4 37 4
4 35 4 36 4
4 35 4 35 4
434 4 35 4
4 34 4 35 4
4 34 4 35 4
4 84 4 35 4
4 34 4 34 4
4 33 4 34 4
4 28 4 29 4
37
37
36
36
36
38
d
d.
4 36
4 36
4 36
4 36
3'i
4 36
35 4 36 4 35
35 4 36 4 85
30 4 31 4 31
d.
d.
a.
4 37 4 36
4 35
n
4 35
4 35
4 35
-J
4 35
4 34
4 34
4 30
4
P.M. P.M.
4 38 4 37 4 36
4 37 4 36 4 35
4 36
4 36
4 36
4 38
4 36
Frl.
Dee. 27.
12*
12* 1 12* 4 12* 4
P.M. P.M. P.M. P.M. P.M. P.M.
3)
i
a.
1
3
c
<
BREADSTUFFS.Dec.
Friday.
500
To Havre— Deo. 2l-Steamer Clinton. 5,974
5,974
To Bremen-Deo. 21—Steamer Cayo Bonito, 9,448
9,148
Savannah— To Liverpool— Deo. 21— Str. Dora Baltea. 5,890
upland and 702 Sea Island.... Deo. 26— Steamer Greatham, 5,485
12,067
To Manchester— Dao. 21— Steamer Dora Baltea, 5,253 up-
...
favor.
Steady at Steady at Quiet at
2K@» PtS. l@2 pta. IV* Pts.
advanoe. advance. decline.
Market
9,818
To Bremen— Deo. 24-Steamer Breslau, 13,139
13,139
Pensacola—To Liverpool— Deo. 20 -Steamer Leonora, 5,029
...Deo.
a
4 36 4
4 36 4
4 36 4
4 36 4
35
35
35
35
4 36 4 35
4 36 4 35
4 36 4 35
4 36 4 35
4 31 4 30
....
To Manchester— Deo. 24— Steamer Saturnlna. 5,9-tW
5,939
To Havre-Dec 24-8teamers Comlno, 6,314; Mohawk.
14,670
5
Steady.
35,091
6,437
56,470
-
E
9
Firmer.
13,401; .Cuban,
8,890; Texan, 6.000
c
6,000
p.
the
•xports of ootton from the United States the past week have
reaohed 269,969 Dales. The shipments in detail, as made up
from mall and telegraphic returns, are as follows:
Nbw York— To Liverpool, per steamers
i
68
Batday. Monday. Tuetday. Wed'day. Thurtd'y Friday.
Spot.
197,764
£7,410
a previous page,
10,000,
71,000
594,000
509,000
127,000
99,000
403,000
873,000
59,000
2.100
3,000
50,000
8,000
88,000
620,000
565,000
116,000
116,000
404,000
353,000
prioesof spot ootton, have been as follows.
Dee. 21
992
51,000
1,000
1,000
42,000
j
177,254 202.145 181,284 2,276,397 2,026.172 2.313.087
684,6f0
(-62,6*2
01.927 76.906 74,18i.
722.140
4^0,94O
647. 23i
680.864
40,800 14.65' 66.364
2'
268,713
761 270,389
22,763 23.607 24.634
3;6,H5 413,301 481.8H8
34.917 41.360 42,648
256,893
302,018 ! 07.637
23.565 25.279 35.183
344,678
880,524 868,100
32,730 34,395 28,515
2,081
2.646
56,000
1.000
2.100
48,000
7,000
82,000
548,000
473,000
142,000
125,000
370,000
332,000
Dee. 27.
The tone of the Liverpool market for spots and futures
each day of the week ending Dec. 27 and the dally closing
Nov .80.
1900.
bales
Amount afloat
12:80
Jan
week
Of which exporters took...
Of which speculators took
teles American
Actual export
Forwarded
Total stock— Estimated
Of which American— Est'd
Total Import of the week....,
Of which Amerloan
.,
Dee. 20.
2,180
1,265
400
200
2,050
2,850
268,969
27, 1901.
Based on a stronger turn to prices for the grain, mills have
advanced their limits on values for wheat flour, naming in
10 cents per barrel higher prices. The volume
of business transacted, however, has been limited, as buyers
are generally disposed to come into the market slowly at this
season of the year. City mills have been firm but quiet.
Rye flour has been dull and unchanged. Buckwheat flour
has been firmer but quiet. Corn meal has been quiet but
steady.
Speculation in wheat for future delivery has been fairly
active at advancing prices. The improvement in values has
Milder
been most pronounced in the Southwestern market.
weather has been experienced; still the movement of the
some instances
crop has been only moderate. The advices from the Soutnwest have continued to note a heavy demand for wheat to be
used for cattle- feeding purposes, and this demand, it is explained, has had much to do with the strength shown by the
winter-wheat market. European markets have betn stronger,
and prior to the holidays exporters were fair buyers of actual
wheat. Offerings of Russian and Argentine wheat, it is understood, have been rather limited, and latest estimates of
the, Argentine surplus for export.have been of smaller quantities.
Statistical developments have been favorable to the
market. The supply of wheat afloat for Europe showed a
moderate decrease, and the world's visible supply for the
week showed a slight decrease. Advices from the interior
report that the condition of the growing winter-wheat crop
THE CHKOJVJCLE.
1370
favorable, the recent freezing weather doing no serious
damage. The spot markets have been firmer, and despite
the interruption of the holi lays there has been some baying
by exporters. Todaytae market was easier under disapThe spot
pointing foreign advices and realizing sales.
is
market was
cjuiet.
DAILT GLOBING PHIOKS OF NO. 2 BSD WINTEB WHEAT IN
Bat
87ig
84 >e
86
85 7e
Oaab wheat
f. o. b
Deo. delivery In el«v
May rtellverv In elev
July delivery In elev
Mon
85^
NEW YORK.
Wed.
Thurt
Fn
89«4
Tuet.
88*
8*
85>*
88'e
87 £
•
tt„h^«^
Holiday.
87
87»4
86%
87
DAILT 0LO8WQ PRIOBB OF HO. 3 BPRDIO WHEAT IN CHICAGO.
Fn.
Thurt.
Mon.
Wed.
Bat.
Tuei.
78"8
79-B
78%
77 *a
Dec delivery In elev
82
82<>8
82
Holiday.
81
May delivery In elev
81*8
82~0
82
80 7s
July delivery in elev
quiet, bub prices have held
Indian corn futures have been
steady, reflecting the strength of the whea-, market. Tne
advices received from interior points continue to note a falling off in the feeding demand, and this has had a tendency to
take the edge off the market, removing an important incentive to high prices, despite the small supplies. Country off wrings and receipts have been limited, but shipments from primary markets have also been light, which has been taken as
evidence of a lessened demand. The visible supply, which
was expected to show a considerable loss, made a very slight
decrease. Business in the BDot market has been quiet, exporters doing practically nothing. Today there was a quiet
and easier market. The spot market continued quiet.
YORK.
DAILT CLOSING PBIOEI OF NO. 2 M3XBD OOBN IN
Fri.
Wed. Thurt.
Tuei.
Bat.
Mon.
71 -4
71,
71 7e
Casta corn I. o. b
71\
78
70>€
Holiday.
70^
70"%
70
Deo. delivery In elev
71
70%
May delivery in elev
71 **
71%
DAILT CLOSING PRIOBB OF NO. 2 MIXED OOBN IN CHICAGO.
Fri
Wed. Thurt.
Tuet.
Hon.
Bat.
64*8
63%
64
64
Deo. delivery In elev
67
Holiday.
66»a
67
67
May delivery In elev
66>«
66*8
666s
66%
July delivery In elev
Oats for future delivery at the Western market have been
quiet, but there has been a fractional improvement in prices,
following the advance in wheat. Some reports have been
heard of a diminishing spot demand; still, as offerings have
been only moderate and shipments from primary points have
continued fairly full, the undertone of the market has held
steady. Locally the spot market has been qiiet but about
steady. To-day there has been an easier market under realizing sales.
YORK.
DAILT CLOSING PRIOBB OF OATS IN JVE
Fri.
Wed. Thurt.
Bat.
Mon. Tuet.
No. S mixed in elev
50k
Holiday.
54l4
Ho. 2 white In elev
54
54]s
53k
DAILT CLOSING PRIOBB OF NO 2 MIXED OATB IN CHICAGO.
Fri,
Wed. Thurt.
Sat
Mon. Tuet.
871it
NEW
W
May delivery
In elev....
July delivery In elev
4436
45*8
44"«
45~8
39
Deo. delivery In elev....
44%
39k
Holiday.
45"a
44k
45k
39k
39
Rye has been quiet.
Barley has been firmly held
Following are the dosing quotations:
ET*t
Nominal
i
-
.
mm
®2 75
93 00
10 93 40
30 93 60
50 94 25
95 94 75
2 66
2 90
Extra, No. 2....
Extra, No* 1 ..
8
Clears
Ol.VII3S* 3
r.
Patent, winter
$3 85
City mills, patent. 4 15
Ryeflour.superflne 3 25
Domestic Cotton Woods,—Tne exports of cotton goods
from this port for the week ending Dec. 23 were 6,926
packages, valued at J304..103, their destination being to the
points specified in the tables below:
Nbw York to Dec
79
62
Buckwheat flour.. 2 25
Corn meal-
6,926
Hnce Jan.
135
251,501
570
30
163
2,344
Other Countries
Total
2,542
1.572
140.955
12,891
28,238
14
59
964
THE DRY GOODS TRADE.
New
4 938
131
565
73
129
563
80, 59 7
8
3,115
11,874
46,365
8,925
1,«13
292,007
Importations and Warehouse Withdrawals Jot DryjGooda
The importations and warehouse withdrawals of dry goods
at this port for the week ending Dec. 26, 1901, and since
January 1, 1901, and for the corresponding periods of last
s
s
3
STSSEgagg
£.":
»:
:
:
6
*
°
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a
a
•
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s
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SS&
:
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s:
O
O
-
|
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5
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•
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9,8801,867
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102,804 175,448 124,775
489,413
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25,009 61,377
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15,007
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Sellers are holding aloof to a great extent
during this quiet period, and are in a number of instances
turning down bids only slightly below their asking prices.
The cotton goods market continues in excellent general condition and the impression prevails that a higher range of
prices in a number of lines will be reached early in the new
year, even without expansion of the buying movement.
There has been a good business done in the woolen goods division, the holiday in this instance interfering but slightly
with buyers.
Woolen Goods.— There are few new lines of woolen or
worsted suitings shown as yet for next fall, and those on the
market are chiefly low-grade goods without important bearing on the price situation. Rs-orders for light weights for
quick delivery are beiag placed at recent advances. The
market for overcoatings has shown a good demand again
coming forward. A number of lines have been sold up, and
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Yobk, Friday, P. AL, Dec. 27, 1901.
have prevailed this week in all divisions
of the cotton-goods market. Business has been confined
mainly to limited quantities for immediate needs, which
have been governed by the prevailing holiday influence.
There have been no developments outside of the market of a
nature to affect its course or tone, and it has ruled practi-
Q -net conditions
1
The value of the New Fork exports for the year to date
has been $11,046,063 in 1901, against $13,192,745 in 1900.
Expected advances in bleached cottons have not been
made, but sellers are declining forward business of any
extent except at value only. The demand for immediate
needs is limited. In heavy brown cottons home buying has
been indifferent, but a considerable amount of bidding has
been done by exporters, though as a rule at prices too low for
practical results. Dicks continue firm throughout. Converters have again bought fine yarn and grey cottons with a
fair amount of freedom at full prices.
Wide sheetings rule
firm with a quiet demand. Djnims continue scarce with an
upward tendency and other coarse colored cottons are very
Kid finished cambrics are quietly steady. Business in
firm.
prints of all kinds has been on a moderate scale only, but the
tone of the market is firm. Staple ginghams are in a strong
position, witn an occasional leading make advanced ^c. per
yard. Fine ginghams are scarce, without quotable change in
prices. Regular print cloths continue firm at 3s. and narrow
odds on the basis of 3 1-163. for regulars. Wide odds are firm
at previous prices, with a fair demand.
Foreign Dry Goods.—There has been an indifferent market in imported goods this week. Sheer fabrics in dress
goods have been in chief request at steady prices. Silks and
ribbons continue firm with moderate sales. Linens are quiet
and unchanged. Burlaps dull, but firmer for Calcutta goods.
©4 65
©3 75
For other tables usually given here see pace 1311.
cally featureless.
Week.
1.
4,185
1.620
94,806
6, 828
41,767
9,916
23,433
1,991
6,154
63,208
10,594
3,156
182
India
C2 30
Feedlnit
1900.
350
China
3
(Wheat flour in Lacks
Patent, spring
1901.
28
Week. Since Jan.
94 10
Western, etc
3 65 93 70
Brandywlne
S 75
sells at prices below those for barrels.)
GRAIN
o.
Corn, per bush.—
Wheat, per buaii —
o.
e.
o.
Western mixed
«8%©71
Hard Dulnth, KjI Nominal.
N'thern Dul., No.l 85%»87k
No. 2 mixed
69>4»7l
Western yellow
72 973%
Bed winter, No. S 87 98a %
Western white
Hard N. Y. No. 2. 84k»8Ck
72 973%
0»tB—Mix'd,p.bush. 61 95 *
Bye, per bushWestern
White
63 957
68k«71k
No. 2 mixed
State and Jersey
67 968
5lk»52k
6t 971
Barley—Western
No. 2 white
54k»55k
3
Btralghte,
advances of 5 per cent made on opening quotations. Business
in cloakings has also been good with a firm market.
There
ha9 been no change in the market for woolen or worsted
dress goods, the demand continuing quiet for staples and
very slow for fancies. Satinets are dull butBteady. Flannels
and blankets are firm, but business is quiet.
year are as follows:
FLOUR.
Tine,
Supeiline-
[Vol. LXXIII.
s|
©5
December
STyvrs:
28,
THE CHRONICLE.
1901.]
md
City DsftfttMSNT.
1371
bonds, "first issue," and $11,000 of "third issue," paying
$44,000 for the same. The bonds so purchased were as folFirst issue, 2 ± years to run, Nop.
inolasive;
lows
18 to 22, inclusive; 61 to 70, inclusive, and 94 to 06, ii. elusive;
third issue, 4% years to run, Nos. 29 and 61 to 70, inclusive.
All bonds are in denomination of $1,000.
Bond Call.—Vf. W. Gingrich, City ComptrolErie, Vti
ler, has called for payment Jan. 1, 1903. the following bonds:
Of the 10 20 year (optional) bonds, date<! Jan. 1, 1887, Nop.
307 to 344, inclusive; of the 10-20-year (optional) bonds,
dated March 1, 1869, Nos. 315 to 372, inclusive.
l
:
Index.
An
index to
ment from
all
the
news matter appearing in thin Departnumber, inclusive, will
and x of tbis is^ue.
Oct. 12, 1901, to the present
be found on pages
ix
Alden, Minn.— Bonds Valid .— The St. Louis" Globe-Dtinocraf on December 10 contained the following
:
The town
of Alrten. Minn., lias failed wholly In ila attempt to repudiate HB,000 of it s bonds. The Kedersl Appellate Court held yesterday that the bonds
good and tliat the tmvii must pay tliein. 'I'm- suit irai Ural brought bj I..
were
V. Boston, who holds two- thirds of the whole number of bonds, The bonds
were issued m 1870 to aid in the const met ion ot the Southern Mi nnc so tu Railroad across the township. The Issue was authorised by a majority or the
voters of the own -hip and were payable on or net ore thirty years from date.
Fifteen of them, each for Sl.tx 0, were Issued. The railroad was limit and after
lie bonds passed from one person to a not her ten of t hem came Into the hands
p to this time anil for four Years more the Intel est eon
Of K.i-ton in 1894.
July, 1899, Huston eol notice that the town
Fiona wore regularly paid, hut
content the vaiidit y of he Issue, lie Immediately brought suit In
otencied to
the Federal Circuit (Court of Minnesota and a counter claim tor the inter.
est already paid was filed by the tow n. Kaston was successful and got uls full
Judgment. The Court of Appeals yesterday sustained that Judgment.
t
t
I
m
t
Flathead County, Mont.— Borids in Litigation.— The District Court has banded down a decision in the suit brought to
prevent the Board of County Commissioners from issuing the
$55,000 4% court-house bonds awarded on April 3 to the Conrad National Bank of Kalispell. This Court, we are advised,
has decided in favor of the County Commissioners, and the
case has been taken up to the State Supreme Court, where
a decision is expected in January, 1902. The validity of
these bonds, our informant continues, will no doubt be confirmed, and when finally determined the bid of the local
bank will probably be accepted.
Gates County, Wis.— Bonds Valid.— The Supreme Court,
according to local papers, has handed down a decision upholding this county's right to issue court-house bonds.
Martin County, Texas.— Bonds Valid.—The Galveston
"News" on December 2 contained the following
:
Austin, Texas. Dec.
Judge Calhoun has rendered a decision In" favor
of Gillespie Couiitv in the suit of that county against Martin County to compel the payment of I'SiO Interest due on Martin County bonds held by Gilles1.-
pie County.
Martin County sought to repudiate an Issue of $12,000 of bonds on account
of over Issue ana improper approval by the Attorney-General. The Court
sustains the validity of the bonds. Martin County will appeal.
— State Treasurer George
New Jersey.— Death of Treasurer.
B. Swain died suddenly of apoplexy
at his home in Newark.
—
Fergus County, Mont.— Bond Call.— C. 11. Kelly, County
payment within ihirty days from Dec. 18,
1901, all outstanding bonds of the iseue of 1,^92.
TTie official notice of this bond eallicill be found among
Clerk, calls for
the advertisements elsewhere in this
Department.
Lewis and (lark County (Mont.) School District No. 1.
Bond Call.— This district has calk d for payment Jan. 1,
1902, at the Hanover National Bank, New York City, the
following bonds
—
$100,000 5i bonds, in denomination of tl.OOO, Issued July
I6O.1 00 (1% bonds, In denomination of 91,000, issued July
1.
1,
1S90.
1891.
As stated last week, bonds to refund those called above
were sold on Dec. 3 to Fareon, Leach & Co. of New York
City.
Minneapolis, Minn.— Bond Call.—The City Council has
passed a resolution calling for payment April 1, 1903, bonds
Theee
Nos. 604 to 969, inclusive, aggregating $366,000.
bonds carry 4*0 interest and are dated April 1, 1882. Payment will be made at the United States Mortgage & Trust
New York City.
Minnesota.— Bond Call—Thia State on Nov. 19, 1901,
selected by lot and called in for redemption and cancellation
Co.,
bonds of the issue known aa
funding bonds." We are advised that the
holders of the bonds called have already been notified.
Missouri.— Bond Call- The $300,000 bonds called for pay-
Jan.
1,
1902, seventy five $l,0C0
"Minnesota
3)<£#
ment Jan. 1, 1902, are as follows : Nos. 5414 to 5513, inclusive; 5574 to 5585, inclusive 5594 to 5613, inclusive; 5661 to
5665, inclusive; 5676 to 5710, inclufive; 5714 to 5813, inclusive; 5844 to 5861, inclusive, and 5892 to 5901, inclusive. The
bonds called are in denomination of $1 000 and were issued
under Act of March 31, 1885. They are dated Jan. 1, 1888.
;
Monroe County, Pa.— Bond Call.— The following bonds
Nos. 126, 190 and 197, for
have been called for redemption
St. Croix County, Wis.— Bond Litigation.— Suit has been $1,000 each; Nos. 191, 192, 193, 194, 198 and 199, for $500
instituted in the courts to erijoin the County Treasurer from each; Nos. 226, 227, 228, 229, 230, 231, 232, for §200 each, and
paying the principal and interest on county bonds issued for No. 233, for $100.
Multnomah County, Oregon. Warrant Call.— Thomas
court- house purposes.
Scott County, Kan. Bond Comprcmise. According to Scott Brooke, County Treasurer, has called for payment
the Topeka "Capitol," an agreement has teen made between county warrants Class 36 drawn upon the general fund that
this county and the State School Fund Commissioners look- were presented and indorsed " Not paid for want of funds"
ing to a settlement of the controversy over the legality of from Oct. 3, 1900, to Dec. 7, 1900, both dates inclusive.
New Orleans, La. Premium Bonds Drawn.— The follow$142,C00 &% 30-year railroad-aid bonds issued in 1892, and
which have been in litigation for many years. The bonds ing premium bonds of the city of New Orleans were drawn
are held by the State Scnool Fund and the interest has not by let on Oct. 15, 1901, this being the one hundred and
Series 423, 474, 603, 875, 1149, 1360, 1497,
been paid for some time. The State brought suit to collect fourth allotment
the defaulted interest and the case is now in the Kansas Su- 1513, 1728, 1848, 1952, 2370, 2578, 3074, 3171, 3500, 3900, 4737,
preme Court, where a hearing will be had in May next. The 4830, 4893, 4920, 4928, 4938, 5039, 5234, 6148, 6186, 6227, 6451,
on Dec.
25, 1901,
while
:
—
:
"Capitol" says
understood the State has agreed to remit all back Interest and make
only a nominal charge In the future it the county will guarantee the payment
of the bonds. As the bends have twenty years yet to run.it will take but a
comparatively small yearly tax to ere ite a sinking fund to take ud the securities at their maturity. The Commissioners will submit the proLosition to the
people of Scott Countv, and it is probable the deiil will be closed before the
ca-e comes up in the Supreme Court in May, in which event the State will dismiss the suit.
It is
Springib
Id,
Tenn.— Bond Litigation.— Suit has been
in-
stituted by several citizens of this place to prevent the issuance of |25,000 water and light bonds authorized at an
election held recently. It is claimed that the Act under
which the bonds were voted is unconstitutional and that
enough illegal votes were cast at the election to have defeated the proposition if thrown out.
Valparaiso, Ind.— Bond Litigation.— The City Water
Company of Valparaiso has obtained an injunction restraining the Treasurer from paying interest on $14,000 school
bonds issued in 1892 and $8,000 school bonds issued in 1898.
The case, we are advised, is still in the courts. See Chron
icle July
13, 1901.
Washington.— Death of Oc vernor.— Hon. John Rankin
Rogers, Governor of the State of Washington, died at 8
Dec. 26, 1901.
p.
m„
Bond Calls and Redemptions.
Council Bluffs, Iowa.— Bond Call.— F. T. True, City
Treasurer, has called for payment the followirg bonds at
the National Park Bank, New Yoik City
:
$18,500 6-20-year (optional) bonds of S6C0 each, numbered from 19 to 37, ln.« ™« ..vSi"" 176, and ''ated Aug. 1, 1*83. Interest will cease Ket>. 1, 1902.
10,000 10-20-year (optional) City-improvement bonds for intersection fewertrig, numbered from 106 to li5, inclusive, and dated Oct. 2, 1889.
Interest will cease April 2, 1902.
2,000 10-20-year (optional) city- improvement bonds for intersection sewering, numbered lrom 12tt to 129, inclusive, and dated Oct. 28, 1869.
Interest will cease April 28, 1902.
6842, 6911, 7062, 7185, 7246, 7602, 8264, 6305, 8561, 8857, 8931,
9S85.
9340, 9420, 9421, 9426, 9488, 9490, 9541, 9636, 9778 and
Series Nos. 6734 to 10,000 were rever issued. These bonds
have been drawn for payment Jan. 5, 1902.
Renovo, Pa.— Bond Call.— P. A. Kinsley, Clerk of the
Borough Council, has called for payment Jan. 1, 1902, at the
office ot the Treasurer, 4%% bonds Nos. 59 and GO, in denomination of $500, and dated July 1, 1896.
Spokane, Wash.— Bond and Warrant Call.—M. H. Eggleston, City Treasurer, has called for
payment December 6
redemption and judgment fund warrants Ncs. 13875 to
13885, inclusive.
A call has also been made for payment
December 24 of Mission Avenue bond No. 2 of district No. 1,
and one for Jan. 1, 1902, for bonds Nos. 14, 15 and 16 of
Cedar Street sewer fund district No. 2.
Spokane County, Wash. Bond Call.— This county has
called for payment Jan. 1, 1902, at the Chemical National
funding bonds. As
Bank, New York City, the $183,000
has already been recorded in these columns, re'unding bonds
of like amount to take up the old issue were sold on September 17 to the Spokane & Eastern Trust Co. of Spokane. We
are advised that Messrs. Dillon & Hubbard have given a
H
favorable opinion as to the legality of the new bonds.
Washington.— Warrant Call.— The State Treasurer called
for payment December 20 outstanding warrants Nos. 75,483
The amount of the call is $35,000.
to 75,810, inclusive.
Washington County, Ky.— Bond Call.— Robert Noe, Treasurer of the Sinking Fund Commission, called for payment December 10 at the First National Bank of Springfield
bends Nos. 3, 8, 10, 11 and 16, issued April 1, 1891.
Bond Proposals and Negotiations
week have been as follows
this
:
Crawford County, Pa.— Bonds Redeemed and Called.— This
Akron, Ohio— Bond Sale.-On Dec. 31 the following 5%
county, it is said, recently retired $10,000 of its bonded in- bonds were awarded to the Firemen's Pension Fund
$900
debtedness and has also called for payment additional boDds Crouse Street sewer bonds for $903
$1,600 Cedar and
to the amount of $10,000.
Portage streets sewer bonds for $1,604 25 and $1,100 Thornton
Denver, Colo.— Bonds Purchased.—The city recently pur- Street sewer bonds for $1,103. On the same date the $1,800
chased for the sinking fund $30,000 South Denver water Sumner Street tewer bonds, the $2,000 Payne and Byers
:
;
THE CHRONICLE.
1372
avenues sewer bonds and the $1,200 Brown Avenue improve
all bearing 5g interest, were awarded to Denison, Prior & Co., Cleveland, for $5,025. TheBe bonds were
fnlly described in the Chronicle Dec. 21, p. 1325 and Nov.
80, p 1171.
Allentown, Pa.— Bonds Awarded.— The $22,000 V/^-i 5 30year (optional) redemption bonds, bids for which were received on December 17, have been awarded as follows
ment bonds,
:
Mrs. Annio Until
Mariin
Mrs. Anna Nagle
w. D. Mtokley
Second Nat. Bank
$IOO«105-00
$l,F.on<r«l0.T25
1,00"'
Dr. Chan. S.
w. I'.x hl.Mhicr, Trustoo 60OWKIV00
3,mOo<.« 03635
Nathan Schneck
Liberty Beno. Assoctat'n. 3o0ft«l03'40
...2,oooc<4io3-25
Mrs. c. a. BolellM
7oowioa-70
12,90u@102'61
.
A complete
list
of the bidders
and
their bids
was given
in
the Chronicle last week.
Baltimore, Md.— Bond Sale.— On December 23 the $1,000,010
50 year " Western Maryland Railroad Refunding
Loan" was awarded jointly to Hambleton & Co., Baltimore,
and Dick Bros. & Co. and Konntze Bros, of New York City
at 112"425— an interest basis of about 3-017sf. Following are
the bids
3^
Hambleton &
Co.. Baltimore..
Dick Bros.ACo..
New
York...
J.
)
>
112'425
&
Harinanus Fisher
Sons.
11009
Baltimore
Konntze Uros., New York
1
Frank Kosenbnrg & Co., Balt...ll0'"3
Sperry Jones * Co., Baltimore. .111-626 Owen Daly & Co., Baltimore. ...10964
.Mercantile Trust & Deposit Co..
100036
H. Lee Anstey, New York
110*37
Baltimore
10600
Wm. B. Kelly.New York
bor description of bonds see Chronicle Dec. 7, p. 1226.
[Vol.
November 5, 1901, and will be iesued in denominations of $100, $500 or $1,000, to suit purchaser. They will
probably be dated Feb. 1, 1902. Interest will be paid semannnally at the office of the County Treasurer or in New
York City. The total bonded debt of the county is $72,100
and the assessed valuation lor 1901 is $2,836,673. The official
circular states that the county baa never bten in default in
the payment of either principal or interest on its bonds.
East Liverpool, Ohio.— Bond* Awarded.—The $50,000 Hi
10 20-year (optional) bonds offered for sale on December 17
were awarded to the Provident Savings Bank
Trust Co.,
Cincinnati (the second highest bidders), at 108'20.
full list
of the bids will be found in last week's Chronicle on page
&
Big Springs (Texas) School District.— Bond Election.—
district, it is said, will in a short time vote on the ques-
This
tion of issuing $15,000 school house bonds.
Boise, Idaho. Bond Bids— Following are the bids received December 16 for the $90,000 5% 10 20-year (optional)
gold refunding bonds
R. Kleybolte & Co., Clnoln. .$94,250 00 E.H. Rollins & Sons, Boston.t98.281 00
Thompson, Tenney & CrawNew IstNat.B'k, Columbus.. 91,825 <0
1 ora Co., Chicago
93,900 00 Lamprecht Bros. Co.. Cleve.. 91,377 00
Seasongood & Mayer, Clncln. 93,881 40 W. J. Hayes Jt Sons. Cleve... 90,017 00
As stated last week, the bonds were awarded to Rudolph
Kleybolte & Co., Cincinnati, at 104-722 and accrued interest.
Buras (La.) Levee District.— Bond Sale.— On Dec. 16 the
$5,000 61 20 year levee bonds were awarded to John Blackadder, New Orleans, at par and accrued interest. Following
are the bids
John Blackadder. N. Orleans.... lOO'OO Geo. Jurgens, New Orleans.
98-50
J. M. Holmes, Chicago
100 00
Louisiana State B'k.Bat'n.Rouge. 96-00
W. A, Mysing, New Orleans... 99-00
Burlington, N. J.— Bond Offering.— Proposals will be received until 8 p. m., December 31, by the Finance Committee
of the Common Council, for $3,500 4% road bonds. Securities are in denominaiion of $500, dated Dec. 31, 1901.
Interest will be payable semi-annually at the Mechanics' Bank of
Burlington. Principal will mature Deo. 31, 1911.
Cambridge, Minn. —Bond Sale.—The village has sold to the
State at 4% interest $5,000 of the $11,500 water bonds offered
for sale on November '12 and described in the Chronicle
Oct. 19, 1901. The remaining $6,500 bonds are now being
offered for sale, and, as stated in these columns last week,
proposals for the same will be received until Jan. 14, 1902.
Canadian County, Okla.— Bond Offering.— Proposals will
be received until 12 M., Jan. 6, 1902, by Earl Beebe, County
Treasurer, for $50,000 court-house bonds. Securities are in
denomination of $1,000 and will probably be dated Feb. 1,
1902.
Interest will be at a rate not exceeding 4%. Principal
will mature one-tenth yearly, commencing twenty-one years
.
1[
I
|
I
I
after date.
Central Falls, R. I.—Loan Authorized.—The Treasurer has
been authorized to borrow $15,000 to meet current expenses.
Cleveland, Ohio. Bonds Authorized.—The City Council
has passed an ordinance providing for the issuance of $700,000 city-hall-site bonds.
Clinton, Mass. Note Issue.
—We are advised that arrange-
ments have been made with the Clinton Savings Bank to
take an issue of $15,000 4% 1 5- year (serial) library-site notes
at par. These notes have not yet been issued, but will be as
soon as the library trustees call for the money.
—
Loan Authorized. Authority has been given to the Treasurer to issue $15,000 notes in addition to the above for construction purposes. These notes, we are advised, will not
be issued until some time next year.
Colton (Town), St. Lawrence County, N. Y.—Loan Authorized. The Board of Supervisors has authorized the town
of Colton to borrow $12,000 for bridges.
Columbus, Oa.— Bonds Authorized.—The City Council has
authorized the issuance of the $40,000 41 1-10 -year (serial)
bridge bonds voted at the election held Oct. 10, 1901. Securities will be issued in denomination of $500, dated Jan. 1,
1902.
Interest will be payable semi-annually at the office of
the City Treasurer.
Coshocton, Ohio.— Bond Sale.— On December 19 the $1,300
4}4% street- improvement bonds described in the Chronicle
December 14 were awarded to the Coshocton National Bank
of Coshocton at 101-961. Following are the bids
—
:
Coshocton Nat. B'k, Coshoc'n.$l,325 50
Commercial B'k of Coshocton. 1,320 00
I
First Nat.
Bank, Barnesville. .tl.306 00
I
Cumberland, R. I.— Loan Authorized.—The Town Treasurer was recently authorized to borrow $20,000 to pay current expenses.
Delta County, Colo.— Bond Offering.—Proposals will be
received until 5 p. m., Jan. 6, 1902, by H. K. Ferguson,
County Clerk, for $15,000 5 per cent 10 20 year (optional) refunding bonds. Securities were voted at the election held
A
1326.
Fall River, Mass.— Loan Authorized.— The City Council
has authorized the issuance of $311,000 Z%% 10-year bonds to
be dated Dec. 2, 1901.
Fifth Louisiana Levee District.— Bond Sale.—On December 16 the $175,000 5% 40-50-year (optional) refunding bonds,
dated Jan. 1, 1902, were awarded at an average price of
109 25 as follows
W.
:
Frazee
State Auditor
|15.000@110-50.
40.0f0@109-50
S.
E.J.Smith
D. M. Raymond
A full
list
Germanla Sav Bank, < ^•°^
N « w0rieans
r
11.000@l<900
4,OOO@10866
of bids follows
Frazee
Benton County, InA.— Bond Sale.— On December 20 four W. 8. Auditor
State
issues of 6% 2-7-y ear (serial) gravel-road bonds, aggregating
$50,200, were awarded to the Fowler National Bank of Layfayette at 10657.
LXXin.
:
$16,000® 1 10-BO
40,0006* 109-60
@1 C9-28
f
36,00i
I
Germanla Sav. Bank.
35.0<0@10w03
<
I
(.
E.J. Smith
D. M. Raymond.
Bank of Baton Rouge
®^:^
3l:oocti?8-7l
:<6,0C0@1' 8-78
3S.OOO@108-28
35,001 @1 Oh- 08
11,000@10»-00
120.000W 103-65
:
Mrs. Ellen M. Le Blanc. $5,000® 108-C0
Stanton & I.lttleHeld... 25,o0O@1070o
Eugene Chassaisel
176,< O0f*l06-60
\V. A. Mysing
175.o0O@10-.-C3
Sam Hirch
A. Britton
40,00-
4 Co
©10600
2o,000® 105-65
Seasongood A Mayer... 176,OOu@i05-6('
H. Neugass
*6.000@lOS-325
25,Ot/0@U500
S. J. Paupert
F. R. Fulton & Co
176,000'<«103-04
^oTcliofof
For description of bonds see Chronicle Nov. 23, p. 1125.
Ooldsboro, N. C. Bond Offering. Proposals will be received until 4 p. M., Jan. 15, 1902, by D. J. Broadhurst, City
{
—
Clerk, for $25,000 4%% 20-year electric light bonds, $15,000
4%$ 30-years city-hall and market house .bonds and $20,000
4%% 30-year street-improvement bonds. Securities are in denomination of $1,000, dated Feb. 1, 1902.
certified check
for 2% of offer must accompany proposals.
Grand Forks, N. Dak.— Bored dale— The Grand Folks
"Herald" on December 19 stated that this city had sold to
Close Bros.
Co. of Chicago an issue of $50,000 sewer bonds.
Haddonfleld (N. J.) School District.— Bond Sale.—On
December 23 $13,000 4% 4-16-year (serial) school bonds were
awarded to C. R. Williams
Co., Philadelphia, at 102— an
interest basis of about 3-759£. Securities are dated Jan. 1,
1902, and the interest will be payable semi-annually.
Hamilton (Ohio), School District.—Bond Sale.— On Dec.
23 the $20,000 4% 17-21-year (seriai) bonds were awarded to
Denieon, Prior
Co., Cleveland, at 106'025 and accrued inFollowing are the bids
terest, a basis of about 3,561g.
A
&
&
&
:
& Co.. Cleve.. $21,205 00 First Nat. Bank, Hamilton. ..$20,337 20
20,813 00 Second Nat. Bank. Hamilton. 20,2)126
Seasongood & Mayer, Cin
Feder, Holzman & Co., Cln.
20,626 00 W. R. Todd * Co.. Cincinnati. 20.060 00
For description of bonds see Chronicle Dec. 14, p. 1276.
Harrisbnrg, Pa. Bond Ordinance Passes Common Council.
The Common Council has passed an ordinance providing for the submission to the voters on Feb. 18, 1902, the
Denlson, Prior
. .
—
question of issuing $310,000 water, $365,000 sewer, $65,C0O
dam, $250,000 park and $100,000 paving bonds.
Howard County, Ind.— Bond Sale.—The $4,800 5% 2-7-year
(serial) gravel-road bonds offered for sale on December 2
have been awarded to Milton Bell, Kokomo, at 101*063. For
description of bonds see Chronicle Nov. 23, p. 1125.
Hyde Park, Ohio.— Bonds Voted.— At an election held
December
17 the question of issuing $3,500 fire- protection
bonds carried by a vote of 116 to 56, while a proposition to
issue $2,500 bonds for furniture for the new town hall was
defeated, the vote being 106 for to 67 against a two-thirds
—
vote being necessary to authorize.
Jamestown. N. Y.— Bonds flot Yet Sold.— We are advised
that the $9,000 4% 10-jear bonds mentioned in the Chronicle
Dec. 7 have not yet been sold. E. B. Crissey, President of
the Board of Public Works, has these bonds for sale and is
holding out for a price that will net 3-25$ interest.
Kahoka, Mo.— Bond Offering.— Proposals will be received
until Jan 3, 1902, by the Board of Aldermen, for $12,800
Securities will be dated
5£ 15 20 year (optional) bonds.
Jan. 2, 1902, and the interest will be payable semi-annually.
George Henry is City Clerk.
Kearny, N. J.— Bonds Authorized.—The Town Council has
authorized the issuance of $30,000 4 per cent schoolhouse
bonds.
Kingston School District, Ulster County, N. Y.—Bond
Sale.— On December 19 the $30,000 4% 1-10-year bonds were
awarded at public auction to the Kingston Savings Bank at
par.
For description of bonds see .Chronicle Dec. 7, p. 1227.
Lewis County, Wash.— Bonds Refused.— N. W. Harris &
Co., Chicago, wbo on November 16 were awarded $100,0o0
refunding bonds, have declined to take the issue on account
of a technical defect.
Lima, Ohio.—Bonds Authorized.— The City Council has
authorized the issuance of $5,000 4% market-house bonds.
Securities will be in denomination of $1,000, dated March 1,
Principal
1902.
Interest will be payable semi-annually.
will mature $1,000 yearly on September 1 from 1903 to 1907,
inclusive. Bonds were voted at the election held Nov. 5,
1901.
Live Oak School District, Contra Costa County, Cal.—
Bond Sale.- On December 16 the $3,750 6% 1-10 year (serial)
December
THE CHRONICLK.
38, 1901.]
$7,C00 tttl sidewalk bonds. In deuniuliuit Ion (if |7<>0. I'linnoal will mature
l. iwj>i. in< iu»ive.
|700 eaob six months from March i.
ach,
B,U6 4M4 street bonds, one bond betngfor t^uft and iweutj
gold school bonds were awarded to the Bank of Martinez at
Following are the bids
106.
i
:
Bank
Oakland Hank of Savings
ho A Hun Krunciso
Ider
of Martinez
$S.J>75'00
:\V'iU
Isaac surliiner. Pasadena,
National U'k of Los Aniieles.. 8,00160
A.
I>.
1373
nmliiriiit.'
13
»'-'
1W«.
111,
duslve, and 1*96 on Kepi
U.MZOOo
TlH>iupsou,:Snn Fran.... 3.7HU65
mm
'
md being for I
7,176 Hi% street bond
months from March 1, 1U 1
maturing land
oiu-i\ a. and tf.M on Sept. i. ltMfl.
<J.800"4W6K - ci-i bonds. In denomination of
bond each ill months from March I. n*'^ to
H,00O4}6* street bonds (olty'a portion), ludei
one bond euch six monthstfrom March 1, II 01, to -
Bonds are described In the Chronicle Nov. 23, p. 1126.
Logau County, Ohio.— Bond Offering.— Propo als will be
received until 2 p. M Deoember 30, by F. E. Million. Connty
Auditor, for $11,000
percent ditch bonds. Securities are
Interest will
in denomination of f^iOO, dated Jan. 1, 1902.
be payable January 1 and July 1 at the office of the County
Treasurer. Principal will mature $1,500 on July 1, 1902,
and a like amount on Jan. 1, 19i)7; $1,000 will mature each
six months from Jan. 1, 1903, to July 1, 1906, inclusive. A de
posit of $250 in cash must accompany proposals. Bidders are
required to satisfy themselves as to the legality of the bonds
before bidding. Accrued interest is to be paid by purchaser.
Lumpur, Ca\.— Description of Bonds.— The $40,000 water
bonds authorized at the election held December 4 will carry
\%$ interest, payable semi-annually in gold at the office of
the Town Treasurer. Principal will mature $1,000 yearly.
The date for the sale of these bonds has not yet been fixed.
The vote at the election was 161 for the bonds and 86
against.
Los Angeles, Cal.— Bonds Proposed.— The Board of Education has voted to request the City Council to take the
necessary steps towards the issuance of $7C0,000 school bonds.
Louisville, Ky.— Temporary Loan. The Mayor has borrowed $100,000 until Feb. 1, 1902, one-half from Harry Weissinger, President of the Board of Aldermen, and one-half
from the Southern National Bank, Louisville.
Lynchburg, Ya.— Bond Offering.— This city will sell at
public auction at 12 M., Jan. 6, 1902, in the directors' room
of the National Exchange Bank of Lynchburg, $100,000 %%%
30-year bonds. Securities are in denomination of $1,000,
dated Jan. 1, 1902. Interest will be payable semi-annually.
Bonds are not taxable by the city of Lynchburg.
Madison, Minn. Bonds Voted. This city has voted to
issue $10,000 city-hall bonds.
•
•
<
Man
h
•
»aeh,
i. r.'it).
In-
one
•
i
.
:.uc).li-
I
IW16.
i
.
.nng
pt.
1, lttl 1,
:
-1
Securities are issued under the authority of Section* 2703 to
2707, inclusive, of the Revved Statutes of Ohio. Interest will
be payable semi-annually on March 1 and September 1 at
the offi:e of the City Treasurer. Accrued interest is to be
certificate of deposit or certified cheok
paid by purchaser.
for $500 on some bank in Marion must accompany propoSuccessful bidders will be required to pay cash for the
sals.
bonds as soon as award is made.
A
—
Melrose, Mass. Loan Authorized. The Aldermen have
authorized the City Treasurer to borrow $19,000 for three
years to pay notes now due.
Mexico, Mo.— Bond Election. An election has been ordered for April 15, 1902, to vote on the question of issuing
$35,000 electric-light- plant bonds.
Minneapolis, Minn. Bonds Authorized.— The City Council has authorized the issuance of $70,000 park bonds.
Motley County, Texas.— Bonds Defeated. This county on
December 17 voted against the issnance of $24,000 courthouse bonds.
—
—
—
Montgomery, Ala.— Bond Offering.— Proposals will be received until 12 M, Jan. 20, 1902, by R. S.; Williams, City
Treasurer, for 75,000 \%% 40-year bonds. They are in denomination of $1,000, and the interest will be payable January 1 and July 1 at the American Exchange National Bank,
New York City. A certified cheok lor $1,000 must accomCoupons are receivable for taxes and
pany proposals.
Mr. A. M. Baldwin, President of the First National
licenses.
—
of Montgomery has been anxious to obtain these
bonds, and to this end recently made an offer of par for the
same. The City Council, however, on December 16 voted to
Bank
Mariuu, Marion Connty, Ohio.— Bond Offering.— Proposals will be received until 12 M., Jan. 16, 1902, by the Finance
Committee of the City Council, for the following bonds
:
NEW
#75,000
INVESTMENTS.
Qeo. D. Cook Company,
City of Montgomery, Ala,,
INVESTMENT SECURITIES,
LOANS.
40-YEAR BONDS.
UWESTMJ&NTS.
$88,000
Mclean county, Illinois,
4% Court House Rebuilding Bonds.
Dated November 1, 1901. Denominations $1,000 each
238-240 La 8alle Street,
*21,000due November
24,0(10
Sealed bids will be received by the Clly Treasurer
nntll l-Z o'clock noon. Jnnuitry tJW. l'lOi, lor
the purchase of seventy ave thousand dollars Pity
of Montgomery, Ala.. 40-year, 1*4% bonds, authorised by Act of Legislature lSJOl; denomination of
11,000 each. Interest to be paid semi-annually, January and July, at the American Exchanee National
Bank, New York. All bids to be accompanied by a
certified check for one thousand dollar*. Coupons
receivable lor taxes and licenses. The City reserves
the right to reject any and all bids.
a.
S.
CHICAGO.
N. T. Office.
Perth A in hoy, N. J., 4«.
Southern Pines, N.C., Us.
Y ork (Pa.) County Traction Co., sold 3a.
WILLIAMS,
NOTICE TO BONDHOLDERS.
CO.,
MONT.
Notice Is hereby given that the County Treasurer
of Fergus County. State of Montana, will, within
thirty days of this date, redeem all outstanding
bonds of eaid county of the issue of 18»-Z. Interest,
on said bonds will cease at the expiration of said
perloc".
Dated
day of December, 1901.
of the Board of County Commissioners.
3!*s.
Allenhurst, N. J., 4&S.
City Treasurer.
FERGUS
1442 Broad- Exd) anere Bid?.
New Orleans, La., 4s.
Town of Covert, N. Y„
EDW.
C.
NEW YORK, PHILADELPHIA,
JONES & CO.,
-
-
-
1
112 SO.
Perry, Coffin
NASSAU 8TREBT
FOURTH STREET
&
1»02.
1,
1, 1901.
Assessed valuation
$19,309,778
Actnal valuation
96,548,890
Indebtedness, including this Issue
328,600
Population, Census 19o0, 67,813.
City of Bloomington is the county seat.
The entire bonoed debt of this county was created
to rebuild the Court House destroyed by Are about
two years since. McLean County is not only the
largest In tho State, 1,166 square miles, but la one
of the most fertile and wealthy.
Legality of issue approved by Storey, Thorndlke &
Palmer, Boston, Mass.
J.
I
.
WILD &
CO., Bankers,
Indianapolis.
WE
OFFER. TO YIELD ABOUT
3».
$400,000
Burr,
(Total Issue, 81,000,000)
this 18th
By order
C.M.KELLY.
County Clerk of Fergus
Montana.
Co.. State of
INVESTMENT BONDS.
MUNICIPAL
Public
Service
Corporation
ROLLINS
WE
&SONS
Denver.
San Francisco.
Blodget, Merritt
&
824,000
Congress Street, Boston.
&
BARNARD & GILBERT,
7
EXCHANGE PLACE, BOSTON.
15 Wall Street, New York.
STATE. CITY & RAILROAD BOND8.
Attractive b% Minnesota Bonds
E.
MUNICIPAL BOND8.
C.
STANWOOD &
121
BANKERS,
Devonshire Street
Yielding an exceptional net return.
HARRY
B.
full particulars.
POWELL,
ST.,
NEW
•
BANKERS,
Write for
NASSAU
Si
Woodstock, Vermont.
CO.,
\
Worcester CORPORATION
172 Washington
Street Railway Co.
Approved by the Mass. RR. Commissioners.
CHICAGO,
Hampshire
BOSTON.
1
to SO years.
&
ORK
Co.
CITY.
T. B. POTTER,
MUNICIPAL and QnMnc
CAPITAL STOCK OF THE
Co.,
Maturing
0%,
(Total Issue $75,000)
BOSTON.
$1,000.
Rudolph Kleybolte
1
OFFER, TO YIELD
& Power Co.
Butte, Horn.,
Denomination,
BOSTON.
BONDS.
E. H.
Butte Electric
5 per cent 1st Mortgage Sinking Fund
Gold Bonds.
6o State Street,
AND
16
due November
26.00U due November 1, 1905.
17,000 due November 1, 1908.
Price yielding an per cent.
Co..
•
BUNDb,
Street,
•
ILLS.
LIST ON APPLICATION.
MUNICIPAL and
BONDS
CORPORATION
Netting from '&% to
V>%
always on hand.
DUKE M. FARSON &CO.
115 Dearborn St, CHICAGO.
Send for our Investment
Circulars.
THE CHRONICLE.
1374
it is believed that a better price can be
obtained at public sale.
TJie official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Cal*
larities in the proceedirgs, the bids received December 16 for
the $7,000 6% gold bonds were returned unopened. The entire
process of authorization, commencing with the election, will
have to begone over before bonds will again be offered for sale.
Mjrtle I'oliit, Ore.— Bond Offering.— Proposals will be received until 12 m., Jan. £0, 1902, by L. A. Roberts, City Recorder, tor $18,000 G% 20-30 year (optional) water bends.
Securities will be issued in denominations of $100, $500 and
They will be dated Feb. 15, 1902.
$1,000, to suit purchasers.
Interest will be payable semi-annually at the office of the
City Treasurer. A deposit of 3% must accompany proposals.
Narasota, Texas.— Bonds Voted.— This city on December
10 voted to iseue $15,000 city- hall bonds.
Newark, Oliio.— Bonds Authorized.— The City Council has
authorized the issuance of $4,672 Cedar Street improvement
bonds and $7,000 4% bonds to defray the expenses of the smallpox epidemic.
New Haven, Conn.— Loan Authorized.— The Finance Committee has authorized the City Comptroller to borrow $100,000 in anticipation of the collection of taxes.
Bond Sale.— Local reports state that the
JNiles, Mich.
$20,000 public- improvement bonds voted at the eleotion held
October 23 have been sold to Indiana investors at par for 5%
per cents. Principal will mature in twenty years.
Norfolk (Town), St. Lawrence County, N. Y.— Loan Authorized. This town has obtained authority from the Board
of Supervisors to borrow $5,000 for bridge purposes.
Pagcoag Fire District, R. I.— Loan Authorized.— This district has voted to borrow $20,0C0 to take up the bonded dett
and to renew outstanding notes.
Philadelphia, Pa. Temporary Loan. The City Treasurer on December 21 borrowed temporarily from the Sinking
Fund Commistioners the sum of $1,200,000 at 4% interest.
The loan, it is said, will probably be re- paid in about two
—
—
months.
INVESTMENTS.
W. HARRIS & CO.,
N.
—
Bon d
Proposals will be received until 2 p. m.,
Offering.
Jan. 10, 1902, by Rees H. Davis, Secretary of the District,
for $167,555 6% bonds.
Securities are part of $207,555 bonds
authorized at an election held Oct. 14, 1901. They are in
denomination of $500. Interest will be payable January 1
and July 1 at the First National Bank of Caldwell or at the
Chase National Bank, New York City. Principal will mature as follows At the expiration ot eleven years, 5% of the
whole number of said bonds; at the expiration of twelve
years, 6?; at the expiration of thirteen years, 1%; at the expiration of fourteen years, 8%; at the expiration of fifteen
years, 9£; at the expiration of sixteen years, K%; at the expiration of seventeen years, ll£; at the expiration of eighteen
years, 13£; at the expiration of nineteen years, 15£; at the
expiration of twenty years, 1(1%. The dietrict consists of
36,000 acres of»land, of which 7,000 acres are actually under
cultivation.
The town of Caldwell, with a population of
1,200 or 1,300 and an assessed valuation of $500,000, is also
in the district. Two irrigation systems— Phyllis and Caldwell— are to be acquired by purchase.
An offer of par has been made for $80,000 of these bonds
by W. C. Bradbury of Denver. In connection with the issuance of these bonds, Mr. Davis wiites us that while their
legality has been corfirmed by the Third Judicial District
Court, and while under the law such a decision is sufficient,
the directors are determined to have the validity of the bonds
established (as well as the legality of the organization and
the constitutionality of the Act under which the bonds are
to be issued) by the Supreme Court. To this end a friendly
suit has been instituted to settle finally all legal questions
involved. It is not expected that a decision of the Supreme
Court can be obtained before Jan. 10, 1902, so all bids, of
course, will be subject to the findings of that Court.
Pittsfltld, Mas?.— Temporary Loan.—The City Treasurer
has placed a loan of $2O,C00 for sewer purposes.
Portsmouth, Va. Loan Bill Passes Legislature. The
State Legislature has passed a bill authorizing a loan for
paving purposes.
Ravenswood, W.Va.— Bond Sale.— This town has sold to the
State School Fund at Charleston an issue of $7,0C0 4% electricSecurities are in denomination of $100,
light- plant bonds.
:
—
INVESTMENTS.
INVESTMENTS.
WE
BANKERS,
31 NASSAU ST.,
CHICAGO.
Deal exclusively
BOSTON
In Municipal,
Railroad and otber bonds adapted
for trust funds and savings.
ISSUE TRAVELERS? LETTERS OF CREDIt
A VAIL ABLE IN ALL PARTS Of THE WORLD
January Investments.
MUNICIPAL, RAILROAD AND CORPORATION
BONDS.
FARSON, LEACH &
CO.,
NEW YORK.
CHICAGO.
CHOICE OKLAHOMA
FIRST MORTGAGES
on Improved farms, worth from 2*«
the
Quotations furnished for purchase, sale or exchange
CHICAGO,
BOSTON,
Monadnock Building,
60 Devonshire
MUNICIPAL
RAILROAD
CORPORATION
Si.
WE OWN AND OFFER
$625,000
AMERICAN HOME TELEPHONE
MacDonald, McCoy
Call or write for price
C. D.
Railway and Gas Companies.
l^IST ON APPLICATION.
&
La Salle
F. R.
FULTON & CO.,
street,
CHICAGO.
"Full description of specially
GOLD BONDS
Bank
Building,
WINNE & WINNE,
and
LIST.
CLEVELAND.
winne
Wichita, Kansas.
Building,
Mention
this paver.
Seasongood
&
Mayer,
W, Corner Third and Walnut
REALIZATION
CO.,
Ashland Block, Chicasro.
518
Street*.
Walnut
St.,
Philadelphia.
CINCINNATI, OHIO.
Will buy the assets of estates
MUNICIPAL BONDS.
in process of liquidation, any*
Hlgh-Qrade City, County, Town and School Bond*
.sued In leading prosperous States of the Union,
especially adapted for safe and permanent Invest
ment for Estates and Trust Funds.
A. G. Becker
&
W.
Cor.
Monro* & La
Salle Bta,, Chicago.
States.
Fred. H. Smith,
INOOHPOaATID,]
COMMERCIAL PAPER,
8.
where in the United
Co.,
Outside Securities a Specialty
CHICAGO. DAVID PFEIFFER, 18 Wall St.
CO.,
ASSETS
BOSTON.
sent
First National
Wrlte-for our latest offering.
information.
DENISON, PRIOR & CO.
[
attractive
npon application."
TROWBRIDGE & MTER
full
INVESTMENT BONDS.
S.
5%
Each of the securities has been personally ex
amined by one of oar salaried examiners.
KNAPP,JR., &CO.,
8END FOR
Street, Chicago.
la salle
per cent interest.
Co.,
Municipal Bonds,
171
CO.
Dealers In Investment Securities,
31 Nassau Street,
153 La Salle Street,
NEW YORK CITY.
CHICAGO.
BONDS.
171
and
BANKERS
AND CORPORA T/OM
HUNICIPAL
6
Collateral Trust Gold Bonds.
BONDS.
w
Choice Issnes.
Street
to 5 timet
amount loaned thereon,
Netting the investor
MASON, LEWIS & CO.
BANKERS,
OFFER,
SUBJECT TO PRIOR SALE
SEND FOR LIST
NEW YORK.
LXXIIL
Pioneer Irrigation District (P.O. Caldwell). Idaho.—
reject this bid, as
District, Santa Clara County,
—Monnti.ln View Schoolare advised that, owing to irreguBonds Not Sold.— We
[Vol.
STOCK BROKER..
66
BROADWAY. 9.1k
Manhattan Life Insurance Building.
UNLISTED BONDS AND STOCKS,
whether interest paying or defaulted, bought am*
Quotations furnished, also opportunities for
smail investors. Write or call.
sold.
Tel.
23S5
t'orr.
Established 1869.
December
THE CHRONICLE.
1901.
28,
13 75
for $5,000 mast accompany bids.
paid by purchaser.
and the interest will be payable annually at the Bank of
Ravenswood.
Kidgetowu, Out.— Debentures Not Sold.— We are advised
that the 110,000 1% town-hall deb3ntnrea offered for sale on
DdC. 10, 1901, have not yet been disposed of.
Rock Island (111.) School District.— Bonds Refused.— It
Accrued
Trinidad, Colo.— Bond Sale.— We are j wt nivised that
$70,0U0 5* 10 15 vear (optional) gold water-worksimprovement bonds, offered lor sale on November 25, have
been awarded to Bpitzer & Co., Toledo, at 1U0071 atjd accrued interest. For description of bonds 6eo CEBONIOLK,
said in local reports that N. W, Harris & Oo., Chicago,
on November 12 were awarded $71,000 A% 5-year hi«hechool Luilding bonds, have declined to take the same owing
to a technicality.
St. Petersburg, Fla.— Bond Bids.— Foil jwing are the bids
received December 10 for the $11,000 school, $5,000 sswer and
the $3,000 water 6# 30-year bonds
Ni-wl»t Nat. Mauk.floluiuliiis.t2'.i»'-25<X) Thompson. Tenney A Crawflit, 130 OO
ford Co., Chicago
Lampreuht Bros. Co.. fleve.. fti.unou
IK.ooooo
Johu Nuveen 4 Co.. Chicago. 80,o76 00 J. M. Holmes.Cnloago
November
who
8, p.
97 J
Troy, N. Y.—Bond Sal,-.— On December 26 $15,430 1% 1-20year (serial) public-improvement and $:i
(serial) public- building bonds were awarded to N. W. Harris
& Co., New York City, on an interest basis of about 3 23*.
Following are the bid*
:
:
For
8H< Bon
I
W. W. Harrla A Co.. New Yerk
Geo. m. ii ihn, New STork
I
1
I0.47o00
...
A
.
lump premium
if. I-
108*71
101
M. A .Stein, New JTork
Denison, Prior 4 Co., Boston
W.J. Ha>. \ Bona, Cleveland
As stated last week, the bonds were awarded to the New
First National Bank of Columbus at HO'13 and accrued interest
be
the
is
|T. S.BUS63 ItorflO.OOO).
interest is to
l'U'40
&
105-125
loo-ai
of $758 51
10..
101125
101 ;i
was offered for both issues by
The 4% bonds are in denomina-
Co., Boston.
Jose, Parker
tion of $771 50 and the Z%% $490 each, all dated Jan. 1, 1902.
Interest will be payable at the office of the City Treasurer.
Turlock (Oil.) Irrigation District.— Scaling Interest.—
The following is taken from the Los Angeles "Times:"'
Modesto, Dec 11.—The Turlock Irrigation district voted today upon a
proposition to refund the bonds of the district al a reduced rate ol interest,
ood MM for and so against
the bond* to run forty years. Th
»t &
tulted interest and
the vote the bondholders will reml
In maintaining a canal system
The
per cent for said interest, and
bonded Indebtedness will be 11,250 00J The iioiioiu Irrigation district will
vuto (111 u sun it proposition in a month.
Waco, Texas.— Bonds Approved.—-The Attorney -General
has approved an issue of $50,000 bridge bonds.
Salem, Ohio.— Bond Offering.— Proposals will be received
until 12 ii. Jan. 11, 1902, by George Holmes, City Clerk, for
the following bonds, each issue being subject to a reduction
if any assessments are paid in advance:
15,100 b% 1-10-year Kast High Street paving bonds.
760 6* 1-5-year Rose SI reel sewer bonds.
1,000 6* 1-10-year Alley paving bonds.
1
Interest will be payable
1901.
annually.
certified check for $100 must accompany proposals for each of the above issues.
Securities are dated Dec.
1,
ti
A
ii
H
Sallneville, Ohio— Bond y-iie.-On December 17 $3,000
1-5-year (serial) water bonds were awarded to Denison, Prior
Following are the bids
Co., Cleveland, at 104 116.
&
Westfleld Union^Free School District No. 1, Chantamjua
County, N. Y.— Bond Sale.-On Dec. 20 the $35,000 8*0
registered bonds were awarded to M. A. Stein, New York, at
101*62.
For description of bonds see Chronicle Dec. 14, p.
:
Denison. Prior A Co.. Cleve...f.U~S60 l.ampreoht Bros. Co., Cleve... $3,098
«,115 00 Feder, Holiman A Co., Clncln. *,0»0
P. S. Brlggs A Co.. Clncln. ..
8.101 00 New IstNat.B'k. Columbus.... 8,075
Seasonnood A Mayer. Ctn
3.10100 B. KleybolteA Co.. Clncln.... 3,045
W. J. UayesA Sons.Cleve
I
.
I
I
|
Seattle School District No.
1,
00
00
00
to
King County, Wash.—
Bond Offering.— Proposals
will be received until 2 p. m., Jan.
10, 1902, by Lyman Banks, Secretary, for $275,000 A% 20-year
bonds.
Securities are in denomination of $1,000, dated
March 1, 1902. They will be delivered $100,000 on March 1,
19 2; $100,000 on Jute 1, 1902, and $75,000 on Sept. 1, 1902.
certified check
Interest will be payable semi annually.
A
MISCELLANEOUS.
1279.
Wyoming County, N. Y.— Loan Neg Mated.— This county
has negotiated a loan of $18,000 for a new jail now in process
Notes will be issued bearing date of Jan.
of construction.
Interest at the rate of 3}0 will be payable semi1,1902
annually, and the principal will mature in one, two and three
years after date.
MISCELLANEOUS.
WHITE &
C.
J.
11
1
CO.,
MISCELLANEOUS.
THE GRAND PRIX-
Engineers, Contractors,
BROADWAY,
THE AUDIT COMPANY
OF NEW YORK.
Physical and Accounting
Examinations.
N. Y.
29
Investigations and Reports on
Electric Railway, Gas, Electric
Light, and Power Transmission
Properties for Financial Institutions and Investors.
Electric Railways, Electric
Electric
Power Plants
Designed and Built.
Financed
LONDON CORRESPONDENTS:
J. G.
ii'-i
Audits and Appraisals with
Light and
WHITE
a College
cV CO., Limited.
Hill, Cannon Street.
HAS KINS &
SELLS,
WAS AWARDED AT THE PAHI8 EXPOSITION TO
WHITING'S STANDARD
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 correspondence and your office stationery. Are you using
Blank-Book
Whiting's .Ledger Papers In you
Samples and booklet free.
WHITING PAPER COMPANY,
hol yoke. mass..
Certificates.
Certified Public Accountants,
30
Queen
HEW
Bui/ding,
N. Y. Life Building,
YORK.
PAPERS.
They are the only American papers which have
CHICAGO.
BROAD
204 Dearborn
CHICAGO,
NEW YORK.
ST.,
30 Coleman
St.,
LONDON, E,
ILL,.
St.,
And
150
Duane Street, New York.
SECURE BANK VAULT8.
C,
WM. FRANKLIN HALL,
Accountant,
GENUINE
B A <jTnK iwa«« WELDED CHROME STEEL AND IRON
<>»TON, MASS.
Exchange Building
T>
53 State Street
Books audited. Examinations and Investigations conducted with the utmost
care and efficiency.
JAMES PARK,
THE
TABULATING
Attachment to the
Remington
Typewriter
Performs Tabular and Statistical work of
•very description quickly and accurately.
Wyckoff, Seamans
327 Broadway,
&
New
Public Accountant and Auditor,
Kent Ave. Keap and Hooper
S M»M,u)'*"«rslu the D.g.
IIKOOK
Sts.,
I
VS. N.Y
CO.,
CORDAGE
NEW
STREET,
YORK.
&
Patterson, Teele
Dennis,
CERTIFIED PUBLIC ACCOUNTANTS,
30 Broad Street,
New York.
40
CHROME STEEL WORKS,
TRANSMISSION ROPE.
WALL
York.
and positively
York.
-
Public Accountants and Auditors,
Max
drilled,
Burglar Proof.
KEISTER &
D. A.
Benedict,
Flat Bars and 6-ply Plates and Angles
Ac.
FOR 6AFK8. VAULTS.
Cannot be Sawed. Cut, or
New
52 Broadway,
tiO
Round and
IN
K
8 N
-
NEW YORK.
^
A^
?
All
XT
N
DT
3
SPECIALTIES.
THE AMERICAN
a
MANUFACTURING
COMPANY.
INVESTMENT SECURITIES,
BROAD STREET,
j
K
BONDS.
B. Borg,
BROKER
in
s
63
WALL 8TMXBT. NBW YORK.
THE CHRONICLE.
137(5
[Vol.
l&makzvs and Brokers (But of He*o
PHILADELPHIA.
CHICAGO.
Edward
B.
Smith
IMMiMtN,
The Roane, 3ih
&
Co., Bartlett, Frazier
8c
PHILADELPHIA.
NO.
7
NEW STREET,
-
cor.
W.
E.
Exohanpei.
&
DEALERS
Municipal,
St.,
106108 Grand
&
A. O. Slaughter
Co.,
&
Co.,
8TOCK AND BOND BROKERS,
18 South Third Street, Philadelphia
Investments receive onr speolal attention. Information oheerfully furnished regarding present
holdings or proposed investments.
John H. McQuillen &Co.
BANKERS AND BROKERS,
104 SOUTH FOURTH STREET,
PHILADELPHIA.
Members Philadelphia 8tock Exchange.
BALTIMORE.
BAKER, WATTS & CO
205
E.
BANKERS,
GERMAN STREET,
BALTIMORE, MD.
Dealers in Investment Securities
MBMB1B3 Baltimore Stock Exchange.
Wilson, Colston
Members
&
Co.,
of Baltimore stook Exohange,
BANKERS,
')16 Bait Baltimore Street, Baltimore.
Investment and Miscellaneous Securities a speo
laity, and whole issues handled.
Exceptional facilities for dealings In all classes o
Southern Bonds. Loans on Collateral Seourlttei
negotiated.
LA SALLE STREET.
115-117
Charles B. Hoblitzell & Co.,
BANKERS and brokers,
8eaboard Air Line Securities,
Southern Securities a Specialty.
(iter
Avenue, Milwaukee.
ST. LOUIS.
Francis,Bro.
CHICAGO, ILL.
oi_ m.k»^«
members
New York Stock Exchange,
Chicago Stock Exchange,
New tf ork Cot , on Exchange ana
(.Chicago Board of Trade.
man. Street*
BALTIMORE, MARYLAND.
80UTHERN.
Mottu, de Witt & Co.,
L. Lobdell
&
Co.
8tocks and Bonds,
rNBW YORE STOCK EXCHANGE.
MEMBERS < CHICAGO STOCK EXCHANGE.
(CHICAGO BOARD OF TRADE.
nd
on oom-
mlBslon local
Co.,
214 N. Fourth
securities,
also listed
and unlisted
•securities In
St.
all
principal
markets.
ST. LOUIS.
CHICAGO, ILL.
'The Rookery,"
Members New York, St. PRIVATE
WIRES.
Louie and Chicago
Stock:
Exchanges.
PITTSBURG.
Whitaker & Company,
Successors to
Henry Sproul & Co.,
WHITAKER cV HODGMAM,
PITTSBURG, PA.
BOND AND STOCK BROKERS,
MEMBERS
gOO North. Fourth Street,
NEW YORK
)
ST. LOUIS.
Stock
PHILADELPHIA £
CHICAGO
Exchanges.
v
PITTSBURG
)
AND
CHICAGO BOARD OF TRADE.
&
N. Holmes
RICHMOND.
&
Scott
Stringfellow,
BANKERS,
Sons,
RICHMOND,
BANKERS,
PITTSBURG, PA.
VA.
m ._ k .„,.jj Ncw York Stock Exchange,
members. »Jew York Cotton Exchange.
CORRESPONDENTS
Bank of New York, N. B. A.
First National Bank of Philadelphia.
Detailed statistical information furnished
on Southern Railroads, State and
Municipal Securities.
PITTSBURG* PA
ESTABLISHED
Whitney
&
1871.
Stephenson,
Lancaster
FOURTH AVENUE.
Oldest Pittsburg
Members
ROBERT
Member
N. Y. Stook Exohange.
C.
&
Lucke,
Bankers and Brokers,
BANKERS AND BROKERS.
HALL,
Pittsburg Stock Exchange.
'Phone. 3613 Court.
HOT EAST MAIN STREET,
RICHMOND,
Dealers
VA.
Investment
in
Securities.
345 Fourtb Ave., PlttsDurg, Fa.
WYNDHAM B0LLING,
BANKER AND BROKER,
Specialist in Pittsburg and Western
Pennsylvania Stocks.
RICHMOND, VIRGINIA.
Hand-book of Pittsburg
Securities
application.
mailed
Southern Securities,
upon
Virginia Bonds,
Virginia-Carolina Chemical Co. stock.
Beferenoe— Mechanics' National Bank, New York.
T. Mellon
&
Sons' Bank,
Bankers and Brokers,
PITTSBURGH, PA.
GENERAL BANKING, COLLECTIONS,
NORFOLK, VA.
UNDERWRITING INVESTMENT SECURITIES.
Davenport & Co.,
BANKERS AND BROKERS,
RICHMOND, VIRGINIA.
ESTABLISHED
1860.
8QUTHERN INVESTMENTS
CINCINNATI.
John W. Dickey,
Irwin, Ballmann & Co.,
BROKER,
Brokers and Dealer* In
AUGUSTA, QA.
SOUTHERN SECURITIES
&
<
Edwin
Buy
sell
J
No. 209
201 East
Corporatloa
BANKERS AND BROKERS,
f
Hopper,
H. 8. Hoppjb.
Members of Philadelphia Stook Exchange.
G.
G. Hopper
and
Railroad
BONDS.
new york stock exchange,
chicago stock exchange,
chicago board of trade.
York.
Wm.
IN
Co.,
Transact a general banking business. Allow In
Mrest on deposits,
Members of the Philadelphia and New York Stook
Mzohanges, and oonneoted by private wire wltb New
W.
Co.
PRIVATE WIRES.
BANKERS AND BROKERS,
No. 139 South Fourth
PHILADELPHIA.
&
INVESTMENT BANKERS,
members:
Phlla. Stook
Clark
MILWAUKEE.
NEW YORK.
Broadway,
NEW YORK.
Members New York and
3?orfc.
Oliver C. Fuller
Chicago and Milwaukee.
85 Cetlnr Sireei.
.XXIII.
Co.,
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
Htreet.
r
Cincinnati Bonds and
S? Baet Third
St..
Stocks
Cincinnati, Okie.
Correspondence solicited and Information furnished about Southern 8tate. Municipal and Railroad Investment Securities.
Beferenoe— Bank of New York. N. B. A.
H.
MOUNTAGUE
VICKER8.
New York.
INVESTMENT BROKER.
if Wall Street,
UI&HX8T
-
&JRA.JDM XLA.IIiBOA.n
BONDS.
HG
The Commercial and
financial chronicle
1
C7
v.
73
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