The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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,1 [
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1
11
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1
1
pnanrml
omiErna
^upplemenl
Quolalion
Street-Kailway Supplement
(Monthly)
Investors Supplement (Quarteny)
[Ehitered aooordlng to
Aot of Ooni^resa,
In the yeat 1900^
State and
Ci^ Supplement (^j^^^
by the Wiujajc B. Dasa Ookpaitt, in the
SATURDAY. FEBKUARY
VOL. 72
2.
PUBLISHED WEEKLY.
NO. 1858
1901.
For One Tear
e'er Six Months
Boropean Bubsoiiptlon (Incladlng postage)
European Subaorlptlon Six Months (Inoladlng postage)
nnnal Sabacrlptlon In London (Inolndlng
do.
41xMo8.
do.
Above subBortptlon Inolndes
Thb Quotation Sctpplbicbnt
THI INVBSTOBS' SaFPLBMBNT
postage)
do.
Philadelphia
$10 00
6 00
13 00
7 50
M2 14b
...4111b.
Stbbbt Railway Sirpn.EiiBirr
STATB Ain> ClTT SUFPLBKEMT
Termg ol Adyertising—(Per Inch Space.)
Transient matter
$4 20 Three Months (13 times) $29 00
"
Six Months
STAITDINO BUSINSaS OABDS.
(26
).. 50 00
" ).. 87 00
Two Months
(8 times).. 22 00 TwelTe Months (62
|
|
. .
London
Ajrents:
Messrs. Eowakds <Jb Smith, 1 Drapers' Oardens, E. O., will talte snb4orlptlonB and advertlaements, and sapply single copies of the paper
•t iB. each.
WILLI Am
DANA
POST OFFICE Box
Buffalo
Washington.
Albany
Rochester
Syracuse
,
Scranton..
,
Wllmlnxton
BInehamton
Chester
Total Middle.
Worcester
Portland
Fall River
Lowell
New Bedford
Holyoke
Cincinnati
Cleveland
Dayton
Bvansvllle
Younftstown
111
Lexington
Akron
Kalamazoo
Rockford
Sprinfffleld, Ohio...
Canton
cliabinos.
Rttumt by TtUvraph.
«ew York....
Boston.
Pblladelphta.
Baltimore....
1»01.
tl,iei.i83,C85
36,313,655
10,601.619
10036,868
76,X86,34S
16,339.149
108,885,516
Orleans.
Seven oitlea, 6 days.
Other oltles, 6 days
1900.
$327,721,628
96,887,749
75.430,409
16,808,825
104.740.875
25.881,133
99.eBa,130
ChloaKO
St. Lonii
New
Week BnAing February
.Jacksonville, III....
2.
P. Cent
+40-3
+3-3
-0-3
-1-7
+39
+40-3
+5-6
822,173,908
$1,167,506 887
198,017,403
+30-4
+18-8
11,781,013,160
$1,353,623,690
376.921,018
310,837.407
+27*9
+20-9
t8,106,933,178
$1,664,361,097
+86-6
tl, 608,839,353
Qulncy
Tot. Mid. West'n.
San Francisco
Salt
Lake City
Portland
Los Aneeles
Seattle
Spokane
Tacoma.
Helena
Fargo
Sioux Falls
Total PaoICo
Kansas City
Minneapolis
all oltles,
6 days.
All cities, 1 day
Total
all olttes
for week.
The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated.as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with Saturday noon, January 26, and the results
for the corresponding week in 1900, 1899 and 1898 are
also given.
In comparison with the preceding week
there is a decrease in the aggregate exchanges of three
hundred and seventy- eight million dollars, the loss at
New York being three hundred and six millions.
Contrasted with the week of 1900 the total for the
whole country shows a gain of 32"0 per cent. Compared with the week of 1899 the current returns record
a loss of 1*4 per cent, and the excess over 189S is 61-3
Outside of New York the increase over 1900 is 9-6
The excess over 1899 reaches 6-2 per cent, and
making comparison with 1898 the gain is seen to be 41*9 p. c.
per cent.
per cent.
8t.
,
Denver
Joseph
Des Moines
St.
Davenport..
Sloux City
Topeka
Wichita
Fremont.
Hastings
Tot. other West.
Louis
New Orleans
Louisville
Ualveston
Houston
Savannah
Richmond
Memphis.
Atlanta
Nashville
Norfolk
Augusta
Knoxvilie
Fort Worth
Birmingham
Macon
Little Rook
Chatt.inooea
Jacksonville
Total Southern..
Total all
OuUide N. York.
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St.
119,074878
6,0<«»,200
691336
6.986,800
8.803,130
1,672,780
1,801,700
1,176.791
1.000.120
821,690
474,884
461.661
307,849
400 062
890,787
14«.084,70W
130,881608
John
Victoria
Vancouver
Total Canada
833 588
276 910
187,688
308,243
80.
1809.
1898.
+40-5 1.494.489.886
886 018.140
107,190.018
28,603.801
87.820.398
4.608,192
8,078,778
S,3e0,000
1.705 070
053,404
097.0 8
730.876
850,100
335,000
78,810.884
18,810,708
10.408.754
4,140,180
1.800,802
5 l.e06,8e7.48V
048,740,781
100,210,848
4.000.100
8,069,400
1,650.8S1
1.490,400
-3
+24-8
+18"!
+7
6
4-7-7
--6-8
-18-6
-ra
+4-8
-0
+121
+S86
+40
-8*5
+i8n
—7-8
+6
7
+8*5
-0-6
+24-7
+18-9
187.889,010
0.187.300
2,677.566
8.084.130
1,062,616
8,188,194
1.600.681
983,643
949.515
043 04W
+69
810.000
114.888,048
87,038.118
11,214,800
7.818,809
6.634.170
5 098.610
4,651.000
8.238,081
1.401.808
1,691.460
005.285
080.550
10,164610
6,288,811
4,956.300
2.925,108
1.747,938
8,018,605
1,846,084
1.140,146
906,8611
328.046
893,564
487,640'
369,300
297,895
2W2,7&6;
267.165'
216,653
129,5221
+30
+331
+2i6
+26
280 000]
i
2,804,145
1,077.400
1.723.201
1,081,036
—9-4
+13-2
+4-2
—13-6
+1*6
+26
920,976
060.752
841,877
873.814
260.098
399,600
339 871
234,967
7
-I-18-7
+33-8
+43-8
-1-8
+34
7
17S,216
125,100
-1-4
180,707.044
+38-8
1.651,1801
8,143.016!
1,834 820
972,526'
+10 6
+87 6
+6'8i
-3-2
+22-7
+9
1
I
813,840
1
120,0001
616
6987 000
7,035.104
4.446.001
8.761 Wi
6.184.950
8 600.485
3.0; 7,708
1,280.247
917.661
6.510.808
4,210.377
4.313.905
+H-1
2.8Vf7.27r
1,896.958,
+88 8
+2 5
673.319
1,005.812
646,626
492,484
136.000
137,321
+84-41
-6-1
B67.6»'9
+77-7
567.569-
-7o;
+3
».6.s0
1,510,624
886.003
5
480,676
-12-0
+ ft<
115.129:
127,682
,
4U
48.141.402
+17-0
4l.iH)v348{
29,856.416
+28
81517.078:
920
8,439 48i<l
2 680,2721
1 911.9601
1,240,611,
7
+1-8,
11.679.836
-63,
7,563.t17»
—81-1
+4-7
+16-4;
+30
+39
4
5
8,606.800
8,418.070
8.264 767
3,1-^9.4981
-SSI
-14 1
llPI.705
010.101
e'
O4l,4il0
6JW.727;
688.0001
1+18-81
834.80;
807.4331
890.788
-31
-16
+18
1,167.618
1,CS5,788
461.031
1.986.0S5!
1,018,540,
-1*7
816 087
464 018
087,000
884,068
900.480
I
4!
_+0 08j
496 000
781.767
467.050
458,560
88 708
106 839
tlS,404 858
84.956.160
10.730 080
0.071.439
3.280,000
8.087.000
8.075.803
8.874 890
8.344.670
1,436 243
2.827.420
8.038 182
1,8-^.002
+49M
+183
+81
22 010 559
9,966.774
8,1:68.177
37,784 835
13,140,610
9.136.838
8.337.000
4,679.030
6,686 076
1,429.850
621. 4N3
1.020.24i
946.27P;
859.0001
468 553
358.73375^853
~^3'098 474
846,048
450.000
179.880
114,408
+4-3'
409
l,403.9»'4l
651074
23,l6W.6»d
10 892,740
26,898 800
12,910.168,
9,742,352
4,231,500|
4.468.727
4,843,677
18,808 268
1.488 028
1.385.901
1,140.624
1,868.839
+20-21
+28-61
+2U-3J
31,135,424
15,'54.832
10,190,023
12.523777
8,468714
807.604
804,461
87a,C0O
340,218
277,401
152.840
147.080
130,418 244
13,401,923'
8,948,681
1.480 0201
1,464,19s
1,289.040
1,017,0041
767,825,
459.6871
+21-1
+8
850409
181,1831
+277
1071.307
198,liH6
4,8-.i8,000
8
910,894
695,180
276,019
724,000
654,193
400.138
876 07P
104.007
863,886
667,883
488,060
180,767,142
13,339.760
0,858,006
8.607,760
6.147.843
1,117034
4.48.')
1
+7 9
+310
+8 1*6
+114
+30 4
8 820 607
9,840.034
1.467,577
1,309.567
1.815,531
010.084
1,850.000
096,00(
1878,684
120.729.188
16,01H,100
8.146,038
16.347 631
49 286
067,610
800,900
I56.;!54.00i
18,478.439
8,696,644
1,714,746
2,946,818
1,948.875
941,814
4,305 688
«.012,93S
8,642,0^6
1,333.689
713,677
954,336
1,140,097
509.913
118,840
140.000
098,818
1.100.000
134 561,019
+101
+114
6,2:^6
1.607,680
+6'1
178,286,1101
lki8,53U,771
204 5031
Paul
St.
1,130,164
1.288.400
07S.081
186,793 420
758.WH0
833.662
Omaha
Total
405,300
257.608
3,670,788
2,209,067
l,8i76';0
1,410,555
1,188,530
783,420
887,887
498,383
619,553
490,400
436.338
287.382
Peoria
Toledo
Orand Rapids
SprinKfleld,
464.600
841,688
6100,000
Indianapolis
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Feb. 2, have
been $2,106,933,178, against $2,111,685,097 last week and
$1,664,361,097 the corresponding week of last year.
972.111.838
98.040.647
8^.110,200
18,68 /,420
4.963.646
8.892,622
8,476,037
1,890.467
10,798.660
9,908,336
11,330,886
6,479,464
Detroit.
Milwaukee
Columbus
CLEARING HOUSE RETURNS.
1,424,278.228
95. 148,808
89 868.311
90.949.241
0,884.610
8,468,781
8.607,768
1,601,891
1,047,097
1,891.876
908.4B8
2,162,883
1,074,336
1,190,066
1,248,710
1.005.404
810,087
New Haven
SprlnRfleld
Janvarv
1000
P. Cent.
1,696.34 >:,466 1,186,425,059
Boston
Providence
Hartford
Chicago
NEW YORK.
958.
Baltimore
Toul NewBni...
COITIPANir, Pabllsbers,
Pine Street, Corner of Pearl Street,
B.
PltUbarK
«n<lin«
leoo.
1901.
New York
Terms of Sabscrlption— Payable In Adranee
the Ubrarlan of Oont^eBs.
offloe of
WtK.
OUaHnqt at—
(^mAmuoig
sooooo
}
:'
93.705 815
,111,685.097
087 412 874;
16 286 85P|
10.110 244;
1,882.598
1.565,156
683.897
641.216
670,3«0
693.807
81.681.807
1 .699,403^841
627.292,0061
13.448 918
8 430.158
1,952 O.-IS
1.341.9S8
730.850
549.695'
+14
75 301686|'
1
+82-0, J.14g 1P9.64I'
+0 6' 047.670.755
+13*5
18 010.110
i
1
05 354 000
,800.281.480
484 1IMS34
IS 886.791
7.0*8 089
+80C
-3e
P.081,711
+90
1.075.727
l;8«0.4«0
1,010.488
1
1
842 099
-04
+10^
6(i6.616
S88.!I00
674 890
6I1.1CS
575.T-.M
+181
615.1P5
+ia'7
676.866
663.198
27.543.703
+14
4:
88.810.0t6l
94.904.000
THE CHRONICLE.
208
ate
THE FINANCIAL SITUATION.
tnem
[Vol. LX2I1.
harmony, avoiding the
friction
the past been of j no advantage to the
in
which has in
week has been marked by two important public while being decidedly detrimental to the inachieyements. Wednesday afternoon it was officially terests of the security-holders. Only good, not harm,
announced that the Southern Railway had acquired can come to public interests from such arrange-
The
past
control of the Mobile
&
Ohio.
Late yesterday the ments.
news was received that the interests dominant in
Union Pacific had acquired control of the Southern
The absorption of the Mobile & Ohio by the Southern
far-reaching
These
are
Pacific.
both operations of
Railway is also an arrangement that will be generally
significance and they are certain to have a decided commended.
No doubt regret will be felt that the
influence on affairs. We comment on them below.
Mobile & Ohio should lose its identity as a separate
Barring these highly noteworthy developments,
nothing of special interest affecting Wall Street
affairs has transpired this week unless it may be
the outcome of certain rumors that have been
afloat.
Most prominent among these is what has been
called the story of the deal between the St. Paul Railroad and the Great Northern and Northern Pacific
roads. Three weeks ago that negotiation and undertaking, whatever it promised to end in, was reported to have been discontinued and dropped. Last
week the rumor was revived; this time, apparently, it
came in a more positive form than previously, and
again early in the current week the announcement
and consummation of the arrangement was asserted to
be beyond doubt and imminent. The report said furthermore that the plan of union was not to be a lease,
as formerly claimed, but a something that would make
the St. Paul stock worth about 200. What the ''something" was did not come to light, nor did even the new
relationship which was to exist between those properties become known to the public in any of its particulars.
On the contrary the deal was declared to be
Another matter long in doubt
positively off again.
which has now at last also passed out of the rumor
state, was the dividend on the $50,000,000 common
stock of the American Steel & Wire Company. The
statement was officially made after the close of business Tuesday that the directors had decided to take
road, but in these days of
general railroad consolida-
tion such a fate was inevitable in any event.
Indeed,
has been a surprise that the road's independence
should have been maintained so long. Holding a
it
very eligible geographical
and having been
managed under
Mr. William Butler Duncan, it seemed
position,
for a long period of time very capably
the direction of
as
if it
might make a desirable adjunct
to
any one of a
number
of large systems.
As the aggregate of stock
was at the same time small, there being only $5,320,600 outstanding, the possibility was constantly present that the managers of one of these systems would
step in and make it an integral part of their property.
It is to be remembered that the Mobile & Ohio is one
the older railroads of the country, its original
charter dating back to 1848, and the main line having
of
been opened in 186 L The construction of the St.
Louis & Cairo, giving a connection with St. Louis,
came much later, and the building of the Montgomery
Extension is a quite recent event.
Under Mr. Duncan's guidance the property has
been managed with an eye to its future welfare, and
not for the purpose of gaining a present advantage.
In recent years earnings have been sufficiently large
to have permitted the payment of fair dividends on
the stock, had such a course been deemed wise and
for the best interests of the owners; but Mr. Duncan
steadily resisted the temptation to impress the outside public by distributing profits to the shareholders,
and a dividend of 1 per cent paid in 1898 is the only
return the shareholders of the reorganized company
have ever had. Mr. Duncan's course has been to put
the surplus profits back into the property, thus
adding to its strength and value. The event shows
no action with reference to the question until next
March. Thus these two schemes for creating value
so long discussed have come to naught. In the meantime railroads seem to be quietly at work adding to
their worth in a legitimate way; for extremely good
earnings have been reported by a number of companies;
but large earnings have become such an ordinary that this was, all things considered, the best policy.
matter that they cause little comment and no excite- The terms on which the company is taken over by the
ment.
Southern, namely 4 per cent on the stock (with a
somewhat smaller rate the first two years), seem fair
The acquisition of the Southern Pacific by the par- to the Mobile & Ohio shareholders while at the same
The road will earn
ties prominent in the Union Pacific is directly in line time advantageous to the lessee.
with the developments which are becoming so familiar more as a part of the Southern Railway system than
that is, it has a greater future
It means the extension of as a separate system
in the railway world.
the principle of community of ownership from before it. Some of the advantages of union were
the East to the West. The two properties are both pointed out by President Samuel Spencer of the Southtoo large to permit of any merger and nothing of the ern when he stated that the Southern would be able
kind is intended, according to our information. What to utilize the Mobile & Ohio's superior terminals at
we understand to have taken place is simply a Mobile, while the Mobile & Ohio in turn would get
transfer of the Speyer-Huntington holdings of the the benefit of the Southern's larger terminals at St.
Southern Pacific, giving control of that property, Louis. At the same time the Mobile & Ohio is enThe Southern Pacific is at once abled to operate to the best advantage its new Montto new parties.
and
extensive
a very desirable system, it hav- gomery line.
We regard the arrangement as very
a very
ing been brought to a high state of efficiency. The encouraging to the development of the port of
parties interested in the Union Pacific saw an oppor- Mobile.
tunity to acquire control of it, and they were
The two
It is really astonishing to observe year after year
not slow to avail of the chance.
systems, however, will still remain separate prop- the crude notions embodied in and the patchy form
The existence of a closely identical of measures with reference to taxation and capital proerties.
ownership, though, will make it possible to oper- posed and adopted at Albany. No real scientific
—
February
method
is
THE CHRONICLE.
3, IPOl.]
followed or attempted.
Indeed,
would
it
capital
after the
experience had, that
it
was the increase in loans,
in
The expansion
of
by an immeDse majority, and a great party, professing
to oppose such measures, and on the strength of that
proffSsioD, has been put in power all over the country.
Yet these crude proposals at Albany come from the
Can they
leaders of that same party in our State.
believe,
New York Associated Banks
various cash and deposits following the surprising gains
in its
almost seem
forms was the dominant spirit in control. Through a
mighty eifort a kind of socialism closely allied to
such practices has just been voted down in this State
as if hostility to
09
is
even
these items in the previous week.
$10,493,900 in loans was attributable in part to the
hypothecation with the banks of hoarded sterling as
well as to lending
upon stock
The
gain of
$7,057,400 in specie almost wholly reflected the interior movement of money, the Sub-Treasury operacollateral.
tions contributing comparatively little to this
There was an increase of 1394,400 in
The surplus
gain.
legal tenders.
reserve of $30,799,450 reported last week
advocate or compromise with error. There very nearly corresponds with that in the same
when the amount was $'^9,never was so discouraging a situation to attack week last year,
In the following week of last year,
and take as the silver craze held. For, a long time 277,975.
politicians were so timid, we had almost said cowardly, it may be noted, the surplus reserve was $30,that they did not dare to do more in fighting the evil 871,275, and this was the maximum of the year.
than to parry blows, respectfully abstaining from Immediately thereafter there was a more or less rapid
striking back.
But victory followed at once, as soon fall in this item to the mimimum of the year, which
politic to
banner was raised declaring for gold money and
against silver money. In other words, it was only
when the time-worn method was used of opposing
error with sound principle that error was worsted.
The lesson that conflict taught seems likely to be
Our people have got to put on their armor
lost.
again for a similar contest in a neighboring field.
There is more work to be done. Here is another great
error that is being fondled or at least dallied with by
politicians.
Every one is concerned in the correction
The man who has by thrift accumuof this practice.
lated a few thousand dollars is more deeply interested
than one that has millions. Paying taxes by the latter is out of surplus; paying taxes by the former is
out of necessary household supplies. What is wanted
as a basis of the clubs to be formed is a few well established principles respecting taxation ; for an organization is needed devoted to this single subject untrammeled by tariff reform, etc.
As to memberbership, it should be from among the young
and the old, the rich and the poor; the only people to
be barred out is the class that is* seeking to get the
boil that is now on its own back on its neighbor's, for
the test of a policy can be in no degree personal desire
but what makes for honesty, truth and sound principle.
The basic law for all State and municipal imposts is to select those subjects for taxation the whole
of which substantially can be found and made to reas the
was reached March 17, when the surplus was $2,686,425.
From indications observable this week it would
seem quite possible that there will be a similar contraction in the surplus in the near future.
The
movement of mutilated currency and of national bank
notes from the banks to the Treasury continues large,
but pension payments and other disbursements at this
centre are small, and though the Treasury is now paying February interest on the Government bonds, the
amount to be disbursed is only $2,747,305, and the
full effect of these payments will not appear until
next week.
Through the kindness of the Treasury Department
at Washington we have obtained the following detailed
statement of the U. S. Government bonds refunded
under the law of March 14 1900. The table shows the
amount of the 3s, the 4s and the Ss which have been
exchanged, and which are now represented by the new
2 per cent consols. The figures have been brought
down to the close of business on January 26 1901.
Amount
Saving in
Refunded.
$98,876,700
274,927,650
72,070,300
Interest.
Paid.
$8,046,425
38,663.461
7,930.120
$5,500,005
31,202,714
6,872,400
$145,874,650
$54,540,006
$43,575,209
Class of
Bonds.
38 Of 1908
48 Of 1907
58 Of 1904
TotaL
Premiitm
Net Saving.
$2,546,420
7,460,747
957,630
$10,964,797
Note. —The "Saving in Interest "is computed npon average dates
and may differ slightly from the real saving.
of redemption,
Money on
representing bankers' balances, has
That principle is what has justified the taking loaned at the Stock Exchange during the week at 2
of real estate as the chief object.
It is likewise the per cent and at 1^ per cent, averaging about 1|- per
same principle which would rule out a general tax on cent. On Monday loans were made at 2 per cent and
personal property.
Such a tax moreover, and any on at If per cent, with the bulk of the business at 2 per
call,
spond.
which can only
in small part be reached, must cent.
On Tuesday transactions were at 2 per cent
be rejected for the reason that it encourages decep- and at If per cent, with the majority at If per
tion and immorality.
But these matters have been cent. On Wednesday loans were made at 2 per
often treated.
For meeting the occasion what is cent and at 1^ per cent, with the bulk of the
needed most of all is a wide-awake organization under business at 2 per cent. On Thursday transactions
conservative guidance for the specific purpose of en- were at 2 per cent and at If per cent, with the maforcing the ideas suggested.
jority at 2 per cent.
On Friday loans were made at 2
articles
There was no change this week in the official rates
of discount by any of the European banks.
Open
market rates of discount at the Continental centres are
easy, and the rate at Berlin is so far below the Bank
rate that
has been
expected for some time that
there would be a reduction in the latter.
It appears,
however, from a statement reported to have been
made on Tuesday by the President of the Reichsbank that no change will be made in the official rate
unless the Bank of England should make a change.
The notable feature of last week's statement of the
it
per cent and at 1^ per cent, with the bulk of the business at If per cent. Banks and trust companies have
loaned at 2 per cent as the minimum. There is a
great abundance of
of stock
rates at
collateral,
money
offering on time on pledge
and quite naturally the
which these offerings are made
liberal
result in a
comparatively large business. Quotations are 3 per
cent for thirty to sixty days, 3@3i per cent for ninety
days to five months and 3.^ per cent for six months on
good mixed Stock Exchange collateral. The demand
for commercial paper is improving and the absorption of
names by city buyers is so rapid that there is no ac-
.
.
.
THE CHKONICLE.
210
Inland banks are also buying quite
largely.
Rates are 3@3^ per cent for sixty to ninety
day endorsed bills receivable, 3i@4 per cent for prime
cumulation.
and 5 per cent for good four to
six
months' single
names.
The Bank
fVoL. LXXII.
It is noteworthy that the foreign exchange market
was so strong on Saturday of last week that both
nominal and actual rates were then advanced. The
range for the former has been from 4 84|]to 4 85^ for
sixty day and from 4 88 to 4 89 for sight during the
current week, the higher rate for short being posted
on Thursday. Rates for actual business opened on
Saturday last unchanged for long compared with
those on the previous day at 4 83f @4 84, but short
and cables were advanced one quarter of a cent, to
4 87i@4 871 for the former and to 4 88i@4 88i for
England minimum rate of discount
remains unchanged at 5 per cent. The cable reports
sixty to ninety day bank bills in London at A@^ per
cent. The open market rate at Paris is 2^@3 per cent
and at Berlin and Frankfort it is 3i@3f per cent. According to our special cable from London the Bank
the latter. On Monday rates for actual business in
of England gained £336,182 bullion during the week
long were advanced one- quarter of a cent, to 4 84@
and held £32,663,278 at the close of the week. Our
4 %i\, while those for short and for cables remained
correspondent also advises us that no details of bullion
unaltered.
The market was, however, strong, and it
operations were reported at the Bank this week.
so continued on the following day, though quotations
The foreign exchange market has been uniformly were unchanged. On Wednesday there was an adstrong this week. A notable influence upon the sup- vance of one- quarter of a cent in actual rates all
of
ply of commercial bills has been the corner in the
around, to 4 84i@4 84i for long, 4 87f @4 88 for short
and 4 88^ @4 88| for cables, and the market closed at
about the best figures. On Thursday, while long was
unaltered, rates for actual business for short and for
cables rose one- quarter of a cent, to 4 88@4 88^ for
the former and to 4 88f @4 89 for the'latter and the tone
January options of cotton in the local [market, which
corner culminated on Wednesday after an advance to
12 cents per pound for spot had been recorded. While
the corner was being developed the staple was attracted
hither from nearly every part of the South; the New
The market was firm on
Enfi[land mills also took advantage of the extraordi- was firm at the advance.
nary demand to market their surplus stocks of cotton. Friday. The following shows daily posted rates for
The rising price for the staple and the derangement exchange by some of the leading drawers.
of speculation in it effectually checked the export
Hon., Tms.. WlD.. THtTB. FBI.,
FBI..
Jan. 86. Jan. 28. Jan. SO. Jan. 80 Jan. 81. Feb.l.
movement, and hence there was an extreme scarcity
drawn against this staple. Though grain
moved with some freedom drafts made against these
exports were comparatively small in amount and by
no means sufficient for the market's requirements.
The demand for remittance was stimulated by the
pending settlement in London, which created an
urgent
a
for
good
inquiry
for
demand
securities
cables;
sight
for
sold
for
Magonn * CoBonk British
MontreaL
Canadian Bank
of Commeroe.
Heldelbaoli, lokelhelmer \ Co.
liftiardFreres...
Kerohants' Bk.
of Canada
In-
@4
86
86
86
88H
88^
68«
86
86
86
86
88
86
1i
89
86
60 days
1
Sight...
488
8e«
88H
88«
5
60 days
4 84}i
4 88Ji
86
86
86
86
88M
84H
88X
84M
88i<
88X
mi
85
86
88
88
88W
88«
84^
84M
88
85
86
65
88
85
88
86
88«
88«
88«
85
88«
88H
88^
g5
89
86
86
86
85
89
f5
88«
84«
86«
84^
88X
84^
89
86
88
88
88
il«
88»
I
Sight,..
484
488
484
488
4 84^
4 88«
4 84M
488
(
60 days
4 84
?
Sight...
488
\
Sight...
<
60 days
\
Sight...
5
60 days
I
Sight...
(60 days
The market
vestment buying of long sterling was one feature of
the market. This buying was chiefly by bankers who
could not otherwise employ their money, and who
therefore invested it in this security, having reason^
able expectations that sixty days hence they would be
able to dispose of their maturing bills at about 4 87.
thus realizing 3 per cent per annum on their investment. The rise in sterling seemed to make it probable
that exports of gold to London would soon occur. On
Thursday, however, the cable reported a fall in the
4 84H
4 88
4 84«
<
No. America,.. {sight...
1 60 days
Bank of
was likewise
exchange to remit
account.
•tSlBht...,
BorlDg,
there
European
(60 days.
Brown Bros.
of bills
closed at 4
84i@4 84^
88M
86
for long, 4 88
and 4 88|@4 89 for cables.
88i
Commercial on banks 4 83f @4 84 and documents
payment 4 83|^@4 84.
for
Cotton for payment,
cotton
for
4 83i@4 83i,
acceptance 4 83|@4 84 and
grain for payment 4 83f @4 84.
for
short
The following gives the week's movements of
money to and from the interior by New York banks.
W»t\ JBndino .Feb.
1,
1901.
Reetivtd by
Shipped by
N. T. Banks. N.T.Banks.
Ntt Inurior
Movement,
(8.237.000
Gain. (6,654.000
J8.891,000
open market in London to 77 Onrrenoy.
820,000
2.044,000
1,724,000
Gain.
aold
shillings 9:^ pence per ounce, a fall of f of a penny
Total gold and legal tenders.
Gain. 16,974,000
110.935,000
14.961,000
since Monday.
Result with Treasury operations and gold exports:
Regarding the gold export point for sterling, a
banker who is usually a large shipper says that if new
Jnto
Out of
Net Change in
Week EnMna Feb. 1, 1001.
Banks.
Bankt.
Bank HoUUntt.
gold coin could be obtained for shipment, exports
Gain. (6,974 030
(4.661.000
Banks Interior movement, as above (10,835.000
could be made without loss with sight exchange at Snb-Treas. oper. and gold exports. 83.400,000 24.900,000 Loss. 1,500,000
4 88@4 88^. The premium on bars at the Assay Office
(29.861,000
Gain. (4,474,000
(84.336.000
Total gold and legal tenders
would make shipments of such gold undesirable.
The following table indicates the amount of bullion
This banker is of the opinion that unless there should
in the principal European banks.
be further large sales of American securities for
Feb. 1, 19C0.
Jon. 81, 1001.
European account, no gold will go to London next
Bank of
saver.
QoUL.
Total.
Gold.
aUver.
Totai.
week, and only a little more to Paris. There was a
S
*
*
shipment of $2,379,406 20 gold to Paris on Thursday,
%
i
price of gold bars in the
Heidelbach, Ickelheimer
the National City
&
angland
franoe
Co. sending $1,256,899 43,
Bank $591,854
Germany
36 and the United
Russia
Mortgage & Trust Co. $530,652 41. This shipment makes a total of $8,083,869 48 since the move
ment to Paris began. Gold received at the Custom
House for the week, $42,549. The Assay Office paid
States
$1,171,990 78 for domestic bullion.
Ans.-Hung'y.
3paln ........
.
Italy
Netherlands..
Nat. Belg'm..
1
86,601,981
32,663,278
33.663,378 85,501,931
94,156,161 43,820,047 137,977,108 76.830,828 45,689,385 181,619,713
28,550.000 14,708,000 43,358,000 26.651,000 13,678.000 40,320.000
78,278.000 6,342,000 79.620,000 86.730,000 5,615,000 91,245,000
88,400,000 10,166,000 48.565.000 37,887,000 8,918,000 46,806.000
14,001,000 16,663,000 30.564,000 18,600,000 14,862,000 28,452,000
15,564,000 1,848,000 17.413,000 15.412,000 1,606,000 16.918,000
4,860,000 6,015,000 10,375,000
6,038,000 5,675.000 10,703.000
3,881,000 1,448,000
4.326,000
2.914,000 1,457,000
4,371,000
rot.thls week 304.654,489 1C0568947 405,ia8.386'397,758,259 97,615,885 395,371,644
Tot. prev. w'k 300.259.276 99.321.398 89»,6H0,67.sl297 853.799 97,673.518 395.527.817
—
Februaby
IHK CH RUN
1901.]
3,
COTTON CORNER AND COTTON SUPPLY.
The event
of the
week
in industrial circles has been
CLE.
2il
amount here the
the week, but whatever
could be, and has been, drawn here in time to make
delivery under the contracts maturing in January.
the
first
of
the corner in cotton. It is an affair that in its early In that encounter the combination is assumed to have
But the decisive question is,
stages was managed with cleverness ; those who were secured an advantage.
engineering it caught the bears asleep, so that they how far has it really improved its position ? The anbecame the losing party. Whether in the end victory swer to that inquiry depends upon the portion of the
will perch on the same banner is not by any means stock held originally that has been marketed at the
certain; in fact, to-day it appears very doubtful.
Of course no one can justify such a transaction.
Yet
we had
almost
it
is
now and then an outcome
said
a
—
outcome of a
be remembered, too, that
necessary
It must
market.
undertaking that could not be successit is an
ful were it not that a party at the same time
existed which was attempting to depress the market.
Between these two forces the battle of prices is always
being waged. The one sells what he has not on hand
to deliver, the tendency of which is obviously to de
press values below their natural level ; the other buys
up and for the time being takes out of the market
free
the available supply, the tendency of which is in a
like unnatural manner to raise prices above the level
of
Thus, between the two a
real value.
generally reached.
It
is
a
natural
fair
mean
is
way the market
has of striking an average.
Many men not familiar with the markets, hearing
of these cyclonic movements, assume at once that
they serve no good purpose, that they make those
who plan them wealthy while fleecing their neighbors,
and hence seek to devise severe measures for their
prevention. "We cannot, therefore, too often recall
the fact that they are a necessary and corrective evil
of the speculative feature of an unfettered market.
Besides that, the tendency of these attempts has
been to discourage and repress their repetition. It is
a long time since such a heroic movement has been an
Why
high prices of this week less the purchases the combination was compelled to make to keep the market
up, and hence upon whether, and how much, the
average cost of the present holdings has declined by
sales or risen by purchases.
The foregoing concerns the week's cornering movement in its relation to the "immediate^' supply of cotton on this market. The final outcome will be controlled mainly by the available supply of American
cotton before the new crop begins to come in, that is
by the size of the crop, and by whatever influence the
higher price of the staple may have on the action of
spinners.
To-day the visible supply of American cotton is just about the same as it was last year, the total
February 1 1901 being 3,432,700 bales, against 3,386,753 bales a year ago. As the amount marketed
of the current crop is to-day 453,501 bales in excess
of the same date in 1900, it follows that if only
remains to be marketed
as much of the crop
as
did
then,
the
1900 crop will reach
now
about 10,000,000 bales.
Even assuming a crop
no larger than that, the world of spinners would have
to take during the 30 weeks to the first of September
about 15,000 bales less per week of American cotton
than they did in the same period of 1900. But as our
mills and continental mills are consuming less now,
and as the whole of the 453,501 bales mentioned, and
more too, will presumably be made good by the increase in the India crop, we do not see that the situation is at all critical.
Of course if the American crop
exceeds 10,000,000 bales, just to the extent it does
will the state of the market for the raw material be
have they
become less frequent? A chief reason is, very few
corners in commodities have ended in bringing money
Very few of those who have relieved.
to the manipulators.
been the instruments working them have gotten out
WESTERN RESULTS.
CHICAGO S
without losing largely. Recall past experiences and
The Chicago & North Western Railway has reached
it will be found that such speculations prove to be as
a rule the graves of fortunes, and not, as they seem to a state of prosperity where even the failure of one
many, hot-beds for their growth. It is not by any of the important crops in the territory tributary
means certain, as already stated, that in the present to the lines of the system serves to make only a
All that can comparatively slight impression upon the total of
case the endeavor will be a success.
be said to-day is that the event at the start was the company's revenues. Every one knows that the
spring wheat crop in Minnesota and the Dakotas was
presumed to have been fortunate.
We have remarked that the initial operation was seriously eut short in 1900 because of the damage
Those who were at its head mis- done by a prolonged period of drought, the crop in
cleverly managed.
led and disarmed the bears by selling freely at each parts of these States being almost totally ruined. As
rise in value until late in January, and so depressed the wheat tonnage is an important item with the road,
the price as to keep up the appearance of an abund- a very decided contraction in revenues the latter part
ant supply; in this way they were tempted into be of 1900 could have occasioned no surprise. Some
lieving that no situation was in prospect where defeat falling off has actually occurred, but the amount is
and surrender could become inevitable. That, though, very small considering that comparison is with earnincluded only the first stage in the project. Whether ings of extraordinary magnitude in the previous year.
there will be other trials of strength between the The explanation of course is found in the fact
parties and how the affair will end with reference that the road's traffic is growing steadily more
to profit and loss are matters yet undetermined and diversified and that as a consequence in a period of
incident at our Cotton Exchange.
NORTH
For it must be borne in mind that
the crisis which has been forced has as its basis
different views between the two parties to
the
contest respecting the supply and consumption of
in suspense.
cotton
—
(1)
(3) ultimate.
What
has
measure offset
by an increase in the tonnage of merchandise and
a smaller grain
movement
is
in large
general freight.
These reflections suggest themselves on a contem-
week has related wholly to the imme- plation of the results of operations for the late calensupply on this market, which includes not only dar year. The road's fiscal year does not correspond
happened
diate
immediate,
general trade prosperity like the present a loss from
this
THE CHRONICLE.
212
with the calendar year. It ends on May 31, and of
course the company does not make up the results in
any other way. Nevertheless, following a custom to
which we have long adhered, we have obtained from
a special source a statement covering the twelve
months to December 31. This statement we present
below.
CHIC. & NORTH WEST.
Miles Of road
1900.
5,393
Twelve monlhs ending Deo. 31.
1897.
1898.
1899.
5,052
5,124
5,077
43.051,088
27,906,413
Expenses
41,806,761
26,960.738
As already stated, the company's fiscal year ends
with May 31. Hence the calendar year's results embrace five months of the last fiscal year and seven
months of the current or new fiscal year. It is to the
exhibit for this Jatter period that the most interest
attaches.
In the following statement we give the
earnings by months so as to show the two parts of the
year separately.
MONTHLY OROSS AND NET EARNINGS.
$
$
Grose earnings
37,496,980
24,458,547
33,571,172
21,435.154
Grogs Earnings.
CHICAGO &
NORTH WE>T.
First 5
Net earnings
Charges—
15,144,675
14,846,023
13,038,433
Int (less credits)
*5,e09,196
t5,764,407
J6.297.647 116,140,102
225.000
202,500
Sinking funds
6,834,196
Total.
5.966.907
202,000
6,499,647
12,136.018
197,260
6,337.362
9.310.479
3,914,394
8,879,116
3,718,832
6,538,786
3,521,581
5,798,656
3,519,622
5.3P6,085
Surplus
New equipment, etc. 3,542,041
5,160,284
1,000,000
3,017,205
2,279,034
Balance for stock
Dividends
1,854,044
[Vol. LXXil.
1900.
$
1898.
$
$
months. .16,555,80* 15.009,121 14,110,160
June
August
September
.
October
November„
December
Total 7
mos
1899.
19C0.
$
1898.
«
$
5,375,753
4,329,035
4,244,396
927,890
875,976
1,057,612
3,669.854
8,010,842
1,208,539
1,816,860
3,733,668
2,840,104
1.145,138
1,369,998
3,82«,002 3,461,438
4,218,168 3,627,947
4,324,413 4,300,755 3,713.661
3,525,464 3,734,843 3,428,963
3,322,563 3,312,850 3.303,965
1.565,081
1,514,043
1,646.099
1,713,143
1,890.838
1,764,P82
1,331,887
1,16J,035
1,407,599
1,561,741
1,357,496
],252,66S
1,397,721
9,76h,922 10,516,988
8,794,087
3,707.405
3,592,937
4,011,775
4,010.707
.
July
—Net Eamings.-
,
li:99.
26,495,284 26,797,640 23,886.820
1,615,601
Total year... 43,061,088 41,806,761 37.496.980 15,144,675 14,846,028 13,038,433
Here the
crop shortage are to an exand yet not in a very marked way.
Gross for the seven months to December 31, at $26,495,284 for 1900, compare with $26,797,640 in 1899,
but with $23,386,820 for 1898 and with $22,119,770
for 1897.
In the same way the net for the seven
months at $9,768,922 for 1900, while being below the
total of $10,516,988 for the same period of 1899, is
effects of the
tent observable,
4,160,284
After allowing for a credit of 336,790 for income from investments.
{ tn this we have included $367,782 interest paid in advance of
maturity on bonds taken up and funded into 3'« per cent general
mortgage goM bonds of 1987, and have allowed for a credit of $456,935 for income from investments.
1899 $176,743 interest paid in advance of
1 We have Included in
maturity on bonds tahen up and funded into Z^ per cents, and have
allowed for a credit of $543,977 for income from Investments.
* Includes in If 00 $103,482 interest paid in advance of maturity on
bonds taken up and funded into 3J« per cents, and allows for a credit
of $577,050 for income from Investments.
IF
The
foregoing shows that notwithstanding the decrease in revenues which occurred in some of the
later months of 1900 the results for the year as a
whole are better even than they were for 1899, exIn
traordinarily favorable though the latter were.
gross the further increase in 1900 (on top of successive
very
much
larger than the $3,794,037 for 1898 or the
$8,040,211 for 1897.
THE IRON TRADE IN
The general
1900.
industrial conditions which
prevailed
in this country during 1900 are strikingly exemplified
very large increases in the years preceding) was 1 1,244-, in the case of the iron trade. Indeed, it may be said
327; in the net the increase was more moderate, reach- that from the very beginning of the year the course
ing $298,652. It is the final total, however, which will of general mercantile business was accurately reflected
This is favorable in the ex- and foreshadowed in the tendency and trend of
attract most attention.
On
the operations of the twelve months the
events in the iron
and
markets, the latter provcompany had no lees than $9,310,479 available for ing on this occasion, as in some notable previous
the stock, while the amount paid out in dividends epochs, a trustworthy trade barometer. In a measwas only $3,914,394, leaving a surplus balance of $5,- ure, too, the state of general business was largely de-
treme.
Oat
396,085.
of this latter
the
sum
of
$3,542,041
was appropriated by the board of directors for real
A
estate, equipment, and other construction items.
round million had been applied in the same way in
the previous calendar year. The two amounts to-
make
the total of $4,542,041 shown as applied
in this way in the company's report for the year ending May 31 1900.
The policy which the company is pursuing of put-
gether
ting the greater portion of the profits back into the
steel
termined by the developments in the iron and steel
industry.
In brief, it was a period of reaction in both
prices and in production.
There was this difference,
however, between the iron trade and other departments, that the reaction in the former was much more
violent and pronounced than in the general range of
industries.
The reason for this was of course that the
antecedent expansion had been carried much further
in the iron and steel industries than in other trades,
making the set-back, when it came, correspondingly
one that operates plainly and directly to
the advantage of the public. Dividends, it will be
observed, are kept on a moderate basis, only 6 per cent
being paid on the common and 7 on the preferred, where
double these amounts could have been distributed if
the disposition was to consider simply the immediate
Instead, as we see, an
interests of the stockholders.
amount about equal to the dividends is appropriated
for strengthening the property and adding to its
more radical.
Taking the twelve months together we prod uced more
iron in the United States in 1900 than we did in 1899,
and carrying capacity. As a result the
company has no interest charges to meet on
and is thus able to serve
the new outlays
the public at lower rates by reason of that
fact, while, at the same time, through such outlays,
iron reached
property
is
efficiency
but the history of the year is told in the great falling
off in the output in the last six months as compared
with the first six months. Indeed, production was
on a decline before the close of the first half
the year. Taking the monthly furnace returns of
already
of
the *'Iron
Age"
its
of
this
city as
maximum
a
basis, the
make
of
the 1st of February with a
weekly product of 298,014 tons. After that the movement was somewhat irregular, the outlook being not
by the 1st of April the
as yet clearly defined;
down to 289,482 tons per week,
output was
the cost of rendering the service is cheapened, making by the 1st of June it was up again to 296,376
it possible to handle traffic on a lower basis of charges in tons; after that the decline was rapid, and by the 1st
that way too. Thus there is a two-fold gain to the public. of November the production had dropped to 215,304
.
Februabt
be observed, was
a contraction as compared with the maximum the
previous February of 82,710 tons per week, or at the
The election
rate of over 4i million tons per year.
proved a turning point, the whole course of things
This
being changed, as
is
1!
1
•THE CHRONICLE.
2, 1901.]
tons per week.
.
latter, it will
2J8
the iron in the yards of the American
Pig Iron Storage "Warrant Co., the total of stocks
on the market December 31 1900 is given as 446,020
This is by no means a large or excessive
tons.
amount. Still it compares with a similar total of
thereto
known, by the emphatic defeat 342,907 tons for June 30 1900, and with but 68,309
the secoud time. Iron makers, tons for December 31 1899. In the previous year
given to Bryanism for
however, even then proceeded cautiously. On December 1 the "Iron Age" reported production increased
(and in fact in 1898 also) stocks declined. Allowing
the changes in stocks, consumption in 1900 of
This is shown in
course fell below that for 1899.
for
and by the Ist of January
the following.
1901 the output per week was up to 250,351 tons.
to 328,846 tons per week,
This preliminary recital of facts is obviously necessary to a correct understanding of the year's results.
Through the energy of the American Iron & Steel
General Manager, we are able to
know thus early the exact output of iron for the late
calendar year. The production of pig iron in the
United States far exceeds that of any other leading
Association and
its
IRON PRODUCTION, STOCKS, IMPORTS, AC.
Tana »f 8,240 Pound*
Obviously, too, the returns have to be
much
col-
expanse of territory.
Nevertheless, nowhere else are the ofiBcial statistics
compiled and made public so soon after the close of
the year as in this country. Mr. Swank reports the
make of iron for the twelve months of 1900 at 13,This compares
789,242 gross tons of 2,240 pounds.
with 13,620,703 tons in 1899, and surpasses the output
In 1898 the pro
of any previous calendar year.
duct was 11,773,934 tons, in 1897 but 9,652,680 tons,
and in 1896 (the time of the preceding Presidential
Notelection) it was no more than 8,623,127 tons.
withstanding, therefore, the loss the last six months,
these figures disclose noteworthy progress. But, as
already stated, the year must be separated into halfyearly periods in order to see what has been going on
that is, what a great change occurred. Iq the last
six months of 1900 the output of the pig metal was
from
lected
a
wider
—
only 6,146,673 tons, in the first six months it was
7,642,569 tons. Even in the last half of 1899 the
make
Iq other words, the
production fell from over 15 million tons per year to
This is the salient feature
only about 12^million tons.
illustrates
the nature and
in the year's results, and
of iron
magnitude
was 7,331,536 tons.
Iq the following we give
of the change.
the half-yearly totals back to 1888.
PBODUCTION OF PIO IKON IN HALF-YEARLY PERIODS.
Oross Tons.
3,OV0,092
1888-l8th!»lf
2d half
Gross Tons.
1895— l8t half
3,6«l,fi03
half
2d half
1890— let half
2d half
1891— l8t half
2(1 half
1892— l8t half
2d half
1893— l8t hnlf
2d half
1894— let half
3 94^,039
4,.500,513
4,642,190
3.36'<.107
4.911,7^3
4,'76«,683
4,387,317
4,562,918
2, .'161.584
5.358,750
4,976.236
2d half
3,469,646
1889— Ist
4,087,.'i5K
1896— lat
half
2d half
1897-l8t half
2d half
189S— Ist half
2d half
1899— l8t half
2d half
1900-l8t half
2d halt
3.646. K»l
4,403.476
5,249.204
is,
it
does
Not only
was production curtailed in the manner here indi
cated, but simultaneously unsold stocks of iron were
increased.
So completely was the tone of the market
unsettled through the great decline in prices, accent
uated by the clieck upon enterprise caused by the
even at the very lowest
values ruling new orders were placed only very sparingly.
There is reason to believe indeed that the
greater part of the iron produced went to fill
past orders.
unsold
Mr. Swank's
of
statistics
stocks do not include pig iron manufactured by
rolling-mills
for
their
that
own
use,
or
9.446,308
.
146.020
68,303
874,9-81
4 15,.333
847,686
506,132
C'nanmp.of home plK 13«11531 13,987,727 12,233^79 P,625.388 8,281.573 9,601,504
Imp'tg of iron &, steel +190,000
+
& exp.
173,200
144,385
1.3601531 14,140,927 1<,377.V61
1.57,83 J
265.500
378.208
9,783,22218,547.0731 9,879,712
Partly estimated.
"We have added a line in the foregoing to show the
imports of iron and steel of all kinds. These were at
one time in the past a very large item, but are now
quite small, though having been
somewhat heavier
in
1900 than in the years immediately preceding. The
exports, on the other hand, are all the time growing
Qaantities in this case show
larger,
of the shipments
little, as
much
so
are reported only by values, being
such form (machinery, cutlery, &c.,) that the
weights can not be given, or if given would signify
nothing, "We may say, however, that taking only the
articles where weights are stated, the shipments for
1900 much exceed a full million tons.
In making a study of iron production in the
United States, it is always interesting to see the part
played by the different sections of the country, and
in particular the contribution from the South. Growth
in the Southern States has on the whole not been so
fast or so striking as was counted upon a few years
Nevertheless the South is each year making a
ago.
larger amount of iron, and in 1900 its quota was
2,604,671 tons, against 2,360,554 tons in 1899 and
This increase in the late
2,083,726 tons in 1898.
and
year occurred at a time when Pennsylvania
Illinois (though not Ohio) turned out a smaller
amount of iron. However, Pennsylvania's output
in
alone was 6,365,935 tons, as against 2,604,671 tons for
Illinois made 1,363,383 tons and
the whole S^uth.
Details are given below.
Ohio 2,470,911 tons.
PRODUCTION OF PIG IRON BY STATES.
Tons of 2,210
Pound*.
So. States-
Tonn.
1,184 ..337
pig
iron
in
Tennessee
..
W.Virulnia..
Kentucky....
Tons.
Ton».
1,0-8 905 l,033,67rt[
Maryland
Texas
Total
\
1896.
1895.
Ton*.
Tons.
922,170
i 86,277
Ions.
854,667
346,589
Tniu.
592.3P2
298.0O6
24S*.338
218.1-.'9
108,569
212,773
80,7*1
7(1,060
141.968
63,780
15,593
31,031
2,151
323
79,472
10,91'<
5.501
1.221
i,e82
1.071
947,a31i
365,49^
2^.'',274l
346, 16f
263,189;
307,610
272,131
58
18-,85f>
192,699
1.32,007
71,5''2
Hi- ,019
100,724
13.7621
(
N. Carolina.
1897
490,617
3e2,ino
186,';
Georgia
1803.
1899.
1900.
Virginia
not reveal the full extent of the reaction.
election,
661,328
9,f!52,B80!8,623,127
1895.
13857551 14,038,036 12,648,912 10,.500,.366!9,129.269 10,107,686
Total Bopply
Stock end of year.
Alabama
Striking though the foregoing exhibit
Presidential
1896.
606,132
5,«69,70:^
5,904,231
6,289,167
7,331,536
7,6J2.5H9
6,146,673
2,717,983
3,939,405
2d half...
1897.
847,686
180S.
874,H78
415.33.3
68,303
Stock of pig Jan. 1...
Product 'n dur'g year 137892*2 13,620,703 ll,773,B3i
Tot.congtinjp.
country.
1899.
1900.
28.984
17,835
290,073
10,150
134,477
5,803
190,974
5,178
35.899J
17,092
193.702
6,175
18»4.
40,268
2,6J4,fl71
2.360,534 •2.083,726 l,913,o46 l,8:f4,451 1.702,083,1.268.425
6,365,936
2,470,wll
6,558.878 5,537,832 4,631.631 4,f'24,l''6 1.701,
,370.152
789'
2.378.ei2i l,98ll.3r>8 1,372,88!)! 1,196,.326 1,463,
191, 702
206,075
21 3,301
264,3461 228.011
900,029
I
Pennsylv'nia
Ohio
New York ...
New Jersey..
Illinois
Michigan
292,827
170,2«2
1,363,383
....
163,712
Wisconsin...
+181,794
•159,20*
.Missouri
All others
...
Grand to'jil
13,513
The
price
55, ,502!
175,185
63.273
601.795
96,171
149.511
172,781
103.909
1.58.481
141.010
9,997
23,S'^1
12,.->18
27,
518
«,i22
18,202
57.161
6S,,8^3
e2.J41
+203,175
•138,880
12.605
13,78P,242 13.640.703
Including Colorado.
59,163
05,*'9iV
lOO.t^l
127,698
1,142,012 l,3i^5,89« 1.117.239
132.578
131.113 117.611'
•
11
925,239 1,006, ,091
91,
118, 41X1
<.
1,5«
,^57,388
773 >31 9.'52.380 .8.623.127 |i).44«.-3^« 6
+ Including Minnesota.
changes during the year in the case of
hands of consumers.
Taking stocks in the the leading articles of iron and steel were, as already
hands of manufacturers or their agents and adding indicated, extremely noteworthy. A very much lower
the
THE CHRONICLE.
214
level of values ruled at the close than at the beginning
[Vol. LXXII.
week compared with 1899. So far as
of the year, exactly the reverse of the situation pre- Continental consumption is concerned, the loss from
vailing in the calendar year 1899, when prices kept 1899 and 1898 is quite large.
Surplus stocks at all
The gulf be- European mills at the end of the year are placed at
steadily rising until the year's close.
tween the extreme high quotations and the extreme 493,000 bales, or 138,000 bales less than they stood at
low quotations reached during 1899 and 1900 is a the opening. The foregoing, of course, presents the
wide one, but when the averages for the twelve months results for 1900 only; to bring out clearly the relation
of each period are taken together the difference be- the 1900 figures bear to those for previous years, we
tween the two years on most articles is quite slight, have prepared the following, which includes the period
in some cases being a little lower, in others a little from 1893 to 1900, inclusive.
higher, as will be seen by the following.
3,058 bales per
AVERAGE YEARLY PRICKS OF IRON AND STEEL, 1893 TO 1900.
1900.
18P9.
1898.
1897.
i
1896.
1895.
1894.
1893.
Articles$
$
$
*
Old Iron T rails at Phila.-ton.lO 51 20 38 12 39 12 49 14 16 14 09 1195 IB 43
No. lanth.fdy.pigatPhll. " 19 98 19 36 1166 12 10 12 95 13 10 12 66 14 52
Gray forge plK Iron atPhil. •• 16 49 18 60 10 23 10 48 1109 1149 10 73 12 73
Gray
.
1 44
134
170
1 36
120
150
1893.....
Best refined bar iron from
lOOlbs. 196 207
storeatPhila
2 15 1 85
Best re'd bar Iron at Pitts. "
The
128
1
107
1 10
31
1
variation is found in the case of
where also the extreme between the
highest and lowest points reached is greatest. In
September and October 1899 billets at the mills at
Pittsburg were quoted as high as $41 50; in A.ugust
and September 1900 the price was as low as $16.
After the election the quotation was fixed at $19 75
per ton under a pool agreement between the differsteel
largest
billets,
ent interests.
The average
of billets for the year fig-
be seen, $25 06, against $31 12 in
1899 and $15 31 in 1898. In the case of Bessemer
pig iron the average for 1900 at Pittsburg has been
$19 49, against $19 03 in 1899 and $10 33 in 1898.
The first few months the price was about $25; by
October it was down to $13; December saw a recovery to $13 75. This indicates in general the course of
iron and steel values during 1900,
The first decided
downward impulse was given in April through the
action of the American Steel & Wire Company, and
there was no recovery until the close of the year. The
same conditions, we may say, ruled in the markets
abroad. Steel rails show a much higher average for
the twelve months, because the pool price of $35 was
maintained until the end of September, being then
reduced to $26.
ures out,
it
COTTON'
Jan.
40
1690
St'l billets at mills at Pitts. "
Stock
1 21
9 03 10 39 10 94
9 75 1177
16 72
9 18
19 49 19 03 10 33 10 13 12 14 12 72 1138 12 87
32 29 28 13 17 62 18 75 28 00 24 33 24 00 2812
25 08 8112 15 31 16 08 18 83 18 48 16 53 20 44
"
ore. at Pittsburg
spiwrs'
Gt. Britain.
1900
1899
1898
1897
1896
1895
1894
forge' piR iron. Lake
Bessem'r pig iron at Pitts. "
Steel rails at mills in Pa. "
Bales of
600 Lbs.
will
SUPPLY AND CONSUMPTION IN
EUROPEp
Mr. Ellison's " Annual Eeview of the C otton Trade
for the Year 1900 " was issued in Liverpool on Friday
of the current week, and by freely using the cable we
are able to present to-day all the results of interest
contained therein. The figures cover not only statistics of supply and consumption for the calendar year
Takings.
Spin'rs' Weekly
OonOonsumption. Slock
Supply.
sumpt'n
Dec. 31.
1.
172,000
199,000
108,000
122,000
130,000
90,000
69,000
160,000
3,312,000
3.396.000
3,562,000
3,236,000
3,268,000
3,296,000
3,258,000
2,879,000
3,484,000
3,595,000
3,670,000
3,358,000
3,398,000
3,386,000
3,327,000
3,039,000
3,264,000 220,000
3,423,OOOJl72,000
3,471,000 199,000
3,250,000 108,000
3,276,000 122,000
3,256,000 130,000
3,237,000 90,000
2,970,000 69,000
62.769
65,827
66,750
62,500
63,000
62.615
62,250
57,115
1895
1894
1893
459,000
469,000
252,000
298,000
379,000
491,000
245,000
227,000
4,338,000
4,774,000
4,897,000
4,387,000
4,118,000
4,030,000
4,125,000
3,696,000
4,797,000
5,243,000
5,149,000
4,685.000
4,497,000
4,521,000
4,370,000
3,923,000
4,524,000
4,784,000
4,680,000
4,433,000
4,199,000
4,142,000
3,879,000
3,678,000
273,000
459,000
469,000
252,000
298,000
379,000
491,000
245,000
87,000
92,000
90,000
85,250
80,750
79,654
74,596
70,731
All Europe.
leoo
1899
1898
1897
1896
1895
1894
1893
631,000
668,000
360,000
420,000
509,000
581.000
314,000
387,000
7,650,000
8,170,000
8,459,000
7,623,000
7,386,000
7,326,000
7,383,000
6,575,000
8,281,000
8,838,000
8,819,000
8,043,000
7,895,000
7,907,000
7,697,000
6,962,000
7,788,000
8,207,000
8,151,000
7.683,000
7,475,000
7,398,000
7,116,000
6,648.000
493,000 149,769
631,000 157.827
668,000 156,759
S 60,000 147,750
420,000 143,750
509,000 142,269
581,000 136,846
314,000 127,846
Continent.
1900
1899
1898
1897
,
1896....
The
the mills in
Great Britain, while not as favorable as in 1899, have
nevertheless been quite satisfactory during the year.
From the data we have at hand covering the years
financial results of operations
of
—
— we
ascertain that 1900 has furnished a
greater margin of profit than was obtained in any years
except 1899 and 1890. Our cable states that 86 comsince
1883
Oldham
report an aggregate
profit of £292,861 in 1900, or an average of £3,415 per
mill, against £4,406 per mill in 1899 and £3,307 in
1898. The showing made by the Oldham mills since
panies in the
district
1890 has been as follows.
1900
1899
1898
1897
1896
1895
1894
1893
1892
1891
SeCompaijies
"
78
"
70
79
92
95
93
93
90
93
"
"
"
-Profit,
"
£292,861.
343,699.
231,518.
147,724.
46,772.
63,329.
Lose,
15,837.
72,768.
101,434.
Profit,
10,763.
Profit per mill, £3,415
"
"
4,406
3,307
1,857
508
667
177
782
Loss
1,127
116
Profit
We
have also received by cable the figures of tak1900 and the first three months of the new crop sea- ings, consumption, &c., for the three months of the
The spinners' takings in
son, but also detailed estimates of imports, consump- season since October 1.
tion, etc., for the full season ending Oct. 1 1901, and actual bales and pounds have been as follows.
actual results for earlier years. The actual figures
Oct. 1 to Jan. 1.
for 1900, in bales of 500 lbs., have been as follows.
For 1900.
SPINNERS' TAKINGS. CONSUMPTION AND STOCKS IN 190O.
Takings by spinners... bales
In
ftOO-lh. Bales.
Stocks January 1 1900.
Takings
,
Supply
Consumption.
Stocks January 1 1901.
Ot.
Britain.
172,000
3,312,000
3,484,000
3,264,000
Continent.
459,000
4,338,000
4,797,000
4,524,000
Total.
Average weight of bales. lbs
Taktnjrs inDOunds
......
631,000
7,650,000
Takings by spinners... bales
8.281,000
7,788,000
Average weiglit of bales.lbs
Takings in pounds
Great Britain
964,000
511
492,604,000
Continent.
Total.
2,057.000
502-5
539,942,000 1.032,546 000
1.093,000
494
For 1899.
962,000
516
496,381.000
1,127,000
2,089,000
5051
497
558,751,000 1,055,032,000
According to the above, the average weight of the
62,769
87.000
149.769 deliveries in Great Britain is 511 pounds per bale this
According to the above estimate of Mr. Ellison, the season, against 516 pounds during the same time last
mills of Great Britain consumed an average of 62,769 season.
The Continental deliveries average 494
bales of 500 lbs. each per week during 1900, a loss of pounds, against 497 pounds last year, and for the
Weekly consumption.
220,000
273,000
493,000
1
February
3,
THE CHRONICLE.
1901.]
215
A noteworthy feature in the foregoing, as will be
whole of Earope the deliveries average 603-5 pounds
per bale, against 505-1 pounds last season.
Oar dis- noted, is the remarkable uniformity in the aggregate
patch also gives the full movement for this year and yield of the cereals included, showing a series of
abundant harvests. For 1900 the aggregate is 3,519
last year in bales of 500 pounds.
Oct. 1 (0
Jan.
Bales of 600
lbs.
1900.
I.
each,
000« omitted.
BpiDDere' Btook Oot.l.
Takings to Jan. 1
HiiddIv
.
Oreat
Britain
324
47,
1.032,
weeks
812,
Oreat
Total.
nent.
985,
......-•-••.
C!oiiBumpt'n, 13
Conti-
1,080.
1,404
1,131,
371,
2.065,
2,436
1,943
nent.
63
993
1,117.
1,056
884,
1,642,
1.183.
172,
459,
625
Tota^
683,
2,110.
2,698
2,067,
j
Spinners' stock Jan.
1
220
493
273,
631,
Weekly Oonsumption
50,
68,
68.
In December
137,
165,
155,
87,
87,
87,
68,
68,
68.
the comparisons back to 1879, The table also contains
a column showing the yearly yield of cotton accord-
91,
91,
159
For 1900 the
ing to our annual Cotton Crop Eeport.
Agricultural Bureau estimates that crop at 10,000,000
159,
bales.
91.
1.^9.
000 1 omitted.
In October
In November
The
The
September.
000 bales at the corresponding time last year.
The cable also brings very full details of Mr.
States
So far as American cotton
1879
concerned the results are based on a crop of 10,250,- 1880
1881
000 bales. From all countries the aggregate imports 1882
(Census)
months are placed at 8,295,000 bales of 1884
ordinary weights. From America he expects 6,375,- 1885
1886
000 bales; East Indies, 1,000,000 bales; Egypt, 640,- 1887
for the twelve
000 bales, and Brazil, West Indies, Smyrna, &c., 280,000 bales. Presented in tabular form the estimate in
ordinary bales is as follows, comparison being made
with revised results for 1899-1900 and 1898-99.
1
TO SEPTEMBER
American
East Indian
Egyptian
Actual.
1899-00.
30.
Actual.
1898-99.
Bales. 6.375,000
5,631,000 7,076,000
300,000
797.000
758,000
676,000
288,000
10.3 ,000
6,977,000 8,652a>uo
957,000
722,000
52,000
55,000
30,000
31,000
3 6,000
50.000
1,075,000
8.^8,0uu
8,052,000 9,510,000
6,392,000 6,841,000
980,000
315,000
800,000
640,000
758,000
677,000
277.000
307.000
117,000
8,092.000 7,772,000 8,435,000
483,000
280,000 1,075,000
1,000,000
640,000
Sundries
280,000
8,295,000
„ Total
PortstooksEuropeOot.1— American. 195,000
E. Indian.
38,000
Egyptian.
30.000
Sundries..
17.000
Total stock
280,000
Total supply
8,575,000
Deliveries— American
6,195,000
Eastlndian
Egyptian
Sundries
Total
^
Leaving stocks atports Sept. 30
With regard
to consumption, Mr. Ellison estimates
that the mills will use a little more cotton from Jan.
1 1901 to the close of the season than for the same
months
1899, making the consumption for the
whole year the same as in 1899-1900. His estimate
for 1900-1901 compares as follows with the actual results for 1899-1900 and for 1898-1899.
XV
..
in
1900-01.
8/)92,000
77910,000
371,000
8^281,000
7,910 000
371,000
.
Deliveries, actual bales
Deliveries, 500-lb. bales
Mill stocks Oct. 1
Total supply
Consumption, 52 weeks
MUl stocks
Sept.
30
CROPS OF
1900
Br
1899-00.
7/r72.000
7,693,000
588.000
8.281,000
7.910.000
37 1,000
1898-99.
8.435,000
8,394,000
497,000
8,891,000
8.303,01
O
had on the whole
furnish a general survey of the crop situation.
OROPB OP WHEAT, CORN. OAT8. BARLBT AND RYE.
BiisheU.
Corn
...
Wheat.
Oats....
Barley..
Kye
Total.
Bu«hei3.
1898.
Bushels.
1897.
Bushels.
1896.
Bushels.
8,10B.lfl2.51« 2,078,143,038 l,924,184,6«0
1,908,967,933 8.288,876,105
688.82&.506
800,IS6,980
647,803,846
676,US,70S
796,177,719
730.906,613
68,985,833
71.900,000
23.995,087
23.001,741
Bush.
1,754,591,676
1,717,434,543
1,194,916,000
1,617,025,100
1,551,066,895
1,795,528,000
1,936,176,000
1,665,441,000
1,456,161,000
1,987,790,000
2,112,892,000
1,489,970,000
2,000,154,000
1,628,464,000
1,619,496,131
1,212,770,052
2,151,138,580
2,283,875,165
1,902,967,933
1.924,184,660
2,078,143,933
2,105,102,516
487,6S4,316
65,792.257
630,149,108
698.767.809
66.688,127
85,867,522
87,.'<e3.324
24,360,047
707.340.404
69,605,223
'8,»19.879.770 3.617,487.888 3.411,689.787 3.826.033,861 3.618.970,186
Cotton.
Oats.
Bunh.
Bales.
407,858,999
5,757,397
417,885,380
6,589,329
416,481,000
5,435,845
488,250,610
6,992,234
571,302,400
5,714,052
583,628,000
5,669,021
629,409,000
6,550,215
624,134,000
6,513,023
659,618,000
7,017,707
701,735,000
6,935,082
751,515,000
7,313,720
523,621,000
8,655,616
738,394,000
9,038,708
661,035,000
6,717,147
638,854,850
7,527,212
662,086,928
9,892,761
824,443,537
7,162,476
707.346,404
8,714.011
698,767,809 11,180,960
730,905,643 11,235.383
796,177,713
9,439,559
809,125.989
Perhaps there has never been a season when the
out-turn of the wheat crop has varied so widely in the
different sections of the country and when so much
damage was sustained contemporaneously in both the
spring-wheat and the winter-wheat belts. Ohio raises
winter-wheat. Its crop has been little short of an
utter failure, amounting to only 8^ million bushels,
against 40 millions in 1899 and 42 millions in 1898.
Indiana fared no better, with a crop of less than 6^
million bushels, against 25 million bushels in 1899 and
38 million bushels in 1898. On the other hand, in
Kansas every condition was favorable and the crop
reached 82^ million bushels, which compares with but
36^ millions in 1899. The effects of the drought in the
Northwest are reflected in a spring- wheat crop for
North Dakota
of only 13,176,000
against
bushels, as
51,758,000 bushels in 1899 and 65,654,000 bushels in
1898, while South
Dakota and Minnesota have
suf-
fered, only less in degree.
WHEAT CROP FOB FIVE TEARS.
Ohio
Pro-
Pro-
Pro-
Pto-
Pro-
duction,
duction.
1898.
duction,
1900.
dtution,
1899.
1897.
1886.
Bushels.
Bushels.
Bushels.
Bushels.
39.998.006
Bushels.
42,103.17H
38,019,133
25,361,176
38.426.020
32.675,201
8,522,878
6.411,702
Indiana.
diKtion,
21,800.016
20,647,110
j
Minnesota.
61,609,252
82.488.655
68.223,581
78.417.912
Kansas
.36.46^,041
64,930,412
59,891.104 46,699,061
47.908,152' 30,791.462
California.
28.643.628
33.743,009
12,224,403
32.891.020i 45.007.105
lUlnols
17,982.06i-
12.665.410
19,331,34**
North Dakota
Sonth Dakota.....
13,176,213
61,758,680
06,664.446
80,119,684
37.728,331'
42.010.923
11.578.008| 28.668,116
28,353,5521 89,848,501
21.441,2481 27,583.450
18,816,713
11,398.702
13.335,103
34,061.851
23,700.144
20,8?1,334
20,472,9i3
86,fl09.eio;
28,250,6H
17,: 37,296
16,198,012
81,010.536
21.708,260; 18.155.031
10.24:,111
8.898.9S0
7,600.776'
13,639.972
34.879,30P| 27.152.647 19.3PO.60a
8.368.198
23,453,0181 80.1:4.61^
22.189.624 13.153,114 11.478.162
Missouri
MIchlKan.
Pennsylvania.
Total
1899.
Bush.
459,483,137
498,549,868
383,280,090
504,185,470
421,086,160
512,765,000
357,112,000
457,218,000
456,329,000
415,868,000
490,560,000
399,262,000
611,780,000
515,949,000
396,131,725
460,267,416
467,102,947
427,684,347
530,149,168
675,148,705
547,303,846
522,22^,505
Whtat
been satisfactory. We have now obtained the details
by States. Before presenting these, however, we reproduce the summary previously given by us, so as to
1000.
Oom.
538,000
In our is3ue of December 29 we gave the Agricultural Bureau's estimates of the crops for 1900. These
Production.
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
STATES.
estimates showed that the harvests
Wheat.
Tear.
is
Ealimated.
1900-01.
in 1899,
OBOPB OF WHEAT. CORN, OATS AND COTTON BINCB 1878.
season of 1900-01.
IMPORTS AND DBLIVEBIE8 OCTOBER
until next
Texas and the Southwest
but in the Atlantic
yield in
better than
was very poor.
known
be
Elli-
son's estimates of imports, consumption, etc., for the
full
it
yield cannot
real
The foregoing shows that the weekly consumption
was much
now 155,000 bales of 500 pounds each, against 159,-
is
for
3,411 millions, for 1897 3,225
Oonti
I
Brilair,
1899 3,518 millions, for 1898
millions and for 1896
With the exception of wheat, the
3,512 millions.
1900 product in the case of the three leading cereals
ranks among the largest ever raised. This fact is
more clearly revealed by the following, which extends
bushels,
million
1899.
OreKOn
Wisconsin
Nebraska
Washington
Iowa
9,871,764
,
13,166,599
11.773.382
81,801,000
20.791.778
85,096,661
21,710,301
81.798.823
18,195,48l»
14,104.458' 16.594.473
15.719.998
14.104.464
1
Total
All others
878,215.284 145.574.489 546,83 7.09S 485.020.841 359.457.955
143,984,281 101.720.357 128,611.'' 07 |l05.128..'S: 68,22«,3»8
Total United 8Ut«s.
528.229.505 517.308.84« 676.143.705!630.140.168 187.681.347
,
.
.
THE CHRONICLE.
216
Those Middle Western States which fared so poorly
in their wheat harvest, namely Ohio and Indiana,
find compensation in a very satisfactory corn yield.
On the other hand, Kansas as an offset to its splendid
wheat harvest,had its corn crop damaged by drought,
than 164 million
In Iowa
bushels, against over 237 millions in 1899.
the crop is 63 million bushels in excess of that for
The figures for each State in comparison with
1899.
80 that the product aggregates less
[Vol. LXXII.
AVERAGE PRICES RECEIVED BY FARMERS AND PLANTERS.
Wheat, per bushel
Rye, per bushel
Oats, per bushel...
Barley, per bushel.
Corn, per bushel
.
1900.
1899.
1898.
1897.
1896.
1895.
Cents.
61-9
Cents.
58-4
51-0
24-9
40-3
30-3
Cents.
58-2
46-3
25-5
Cents.
80-8
Cents.
Cents.
50-9
44-0
19-6
33-7
26-4
512
25-8
40-8
35-7
.
BUSINESS IN ENGLAND IN
London, Jan.
COEN CROP FOR FIVE YEARS.
Bushels.
321,719.541
284.572,764
so
132.842,048
220,089,149
232,828,085
162,442,728
247,734,004
standing also the troubles in China, the famine in
154,731,486
171,923,882
176,768,649
158,754,666
241,268,480
293,599.638
129,154,572
109,825,320
92,165,580
133,468,265
123,691,967
72,175,142
32,228,617
63,672,588
71,893,446
85,177,248
64,485,744
80,932,348
40.255.872
46,190.135
44,866.116
62,475,000
45,225,917
48,087,140
46,365,220
29.723,854
40,647.240
41,686,365
35.327,425
35.580.560
33,645,183
38.890.071
38.888,460
26,476,350
33,340.604
31,801,096
40,041,930
81,794,708
31,171,275^
30,532,00ri
25.840,830
34,446,974
Pro-
Pro-
duction,
duction,
1899.
1898.
nilnois
Kansas
163,870,631
Missouri
Nebraska..
Indiana
180,710.404
242,249,341
254,999,850
247,150.332
199,959,810
237.621,222
162,915.064
224,373,268
153,200,800
106,890,188
81,982.910
141,862,594
P9.048,816
102.828,439
81,151,398
105,336,700
5a,997,98<'
69,997,760
76,467,742
69.267,224
32,707.9JC
55,392,687
Arkansas
Wlsoonsln
Mlctiitran.......
Minnesota
210,430.064
Pennsylvania..
duction,
duction,
1897.
Bushels.
Bitahels.
Pro-
Pro-
rro
dttction..
Rushels.
305,859,948
264,176,220
Ohio
Texas
Tennessee
Kentucky
1896.
Bushels.
Totat
Ail others
1,791,530,629 1,739.428.981 1,590,007.940 1,602,110.543 1,967,187,058
300,857.380 316,688,107
338.718,952 ^34.176,720
313,571,987
Total U. S
2.105,102,61b 2.078,H.S,9?3 1,924.184.660 1,902,967,933 8,283,876,165
We
add comparisons
in like
form for oats for
five
years.
OATS CROP FOR FIVE YEARS.
Oals.
Pro-
Pro-
Pro-
Pro-
duction,
1900.
duction,
duction
duction,
duction,
1899.
1898.
1897.
1896.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Pro-
133,642,884 127,278,948 88.303.679 92,788,496 84.581,952
130,57a,is8 126,985,74$- 123,428,126 103,721,100 105,641,855
41.907.016 52,6h8.4ie 56.298,57t- 41,147,002 56,766,336
61.971.552 67,687,880 64,643,223 62,125.310 65,257,675
43,063,913 39,129,410 26,689.248 38,680,080 23.808,769
Illinois
Iowa
Minnesota ..
Wisconsin
Kansas
Ohio
12, 1901.
Notwithstanding the prolongation of the war in
South Africa, the consequent retention of so many
men under arms, who if peace had returned would
have been productively employed, and the keeping of
ISOO.
Iowa
1900,
(Communloated by Our Loadon Correspondeut.)
previous years are given in the following.
Com.
41-4
28-7
44-7
21-2
37-7
26-3
72-6
40-9
18-7
32-3
21-5
40,340,634
32.845,976
27,724,160
29,907,391
Missouri
24.695,373
20,299.35('
15,866,168
22,078,166
19,850.190
Pennsylvania
New York
Michigan
Nebraska
Indiana
North Dakota
oath Dakota
Texas
38,000,872
39,148,032
27,098,902
31,842,538
36,086,821
44,5c8,974
45.401,608
38,726,545
45,953,036
49,916,084
33,689,638
30,599,C4i-
27,782,650
22.940,450
30,079,260
37,778.5-; 2
51,474,120
56,245,042
61,731,095
34,092,631
44,866,035
31,988,668
33,706,582
34.433.237
6,299,284
34,301.24B
17,H«7,670
15,060,591
11.397,144
11.238,788
12.653.266
15,332,278
16.126,578
13,647,656
17,957,446
28.278.232
17,067.97';
21,121,631
16,311,150
12.668,880
32,568,689
Total
All others
72i.a98,241 718.327,208 6b7,053,68e 617,987.197 614,933.862
86,827.748 77,850,506 93,852,956 80,780,612 9Ml2,f42
Total U. 8
809,125,989 796.177,713 730,906,(143 698,767.809 707.346.404
many
ships in the
Government
service;
notwith-
commercial breakdown of so many Continental countries, the difficulties in the wool trade
and the scarcity and dearness of money, trade has
been prosperous during the closing year of the Nineteenth Century not so prosperous, indeed, as in the
two preceding years, but still upon the whole remarkably so. A distinction must be made, though,
between the first and the second halves of the year.
During the first six months buying in most branches
of business was very keen and active, prices in a great
number of leading commodities rose rapidly, and
manufacturers were for the most part fully employed.
Complaints that labor was scarce were also numerous.
The working classes were well employed, wages
steadily advanced, and there was, speaking broadly, a
India, the
—
hopeful feeling.
During the second half of the year prices have been
In some cases there has been
all tending downwards.
Orders have not come in
Manufacturers complain that as they complete
well.
old orders they find difficulty in replacing them, and
are compelled to take new orders at very considerably
reduced prices. On the other hand, however, it is to
be noted with gratification that labor is becoming
more abundant and yet that wages continue to rise.
The falling off in the second half of the year was due
no doubt to some extent to American and Continental
competition, also to the withdrawal from productive
employment on account of the war of so many men
a very considerable
fall.
would seem that farmers must have realized and so many ships, and likewise to the disturbed
somewhat better prices for their grain products than money market; but mainly it was the result of the
in the year preceding.
Yet, except in the case of corn, very rapid and excessive rise in coal and iron, which
the advantage in this way appears to have been smaller increased so greatly the cost of production in most
than might be supposed, at least if we take the figures of industries that manufacturers refused to enter into
the National Agricultural Bureau as a basis. The Bu- new contracts and prices in consequence had to
reau makes the average of farm prices in the case of decline.
wheat only three and a- half cents higher for 1900 than
At first sight our foreign trade seems to have been
for 1899
that is, it makes the average 61*9 cents even better in the year just ended than in 1899, which
per bushel on the crop of 1900, against 58-4 was an exceedingly prosperous one; for the Board of
cents on the crop of 1899. In June, when the out- Trade returns show that the value of the imports was
look appeared particularly gloomy, the advance here .£523,633,486, being an increase of £38,597,903 over
in New York at one time amounted to 20 cents, but the total for 1899, or almost 8 per cent.
The value
of course this advance was not maintained.
The of the exports of British and Irish produce and manbest showing is made in the case of corn, where the ufactures was £291,451,306, being an increase over
average of the farm prices for 1900 is 35 7 cents per the value for 1899 of £26,959,095, or considerably
It
—
against 30*3 cents for 1899, 28 7 cents for
1898, 26-3 for 1897, and only 21-5 cents for 1896.
bushel,
Farm
prices for rye, oats
and barley are
all
slightly
higher than for the previous year, namely rye
51 '2 cents, against 51 cents, oats 25'8 cents, against
24*9 cents, and barley 40*8
cents,
against 40*3
cents.
more than 10 per cent. The re-exports of foreign
and colonial merchandise previously imported into
this country were £63,099,288, showing a decrease of
£1,943,159, or almost 3 per cent; but the increase
both in the imports and the exports is in values, and
prices were very much higher during the year just
ended than during 1899. Mainly, therefore, the im-
J
February
THE CHRONICLE
3, 1901.
217
provement in both branches of the foreign trade is It is impossible to make close approximations of the falling
one of price and not of quantity. More particularly off that was inevitable after the rush to clear goods in
February and March last, or to determine whether the exin the export trade it is to be noted that our ship
pected revenue from new taxes was fairly estimated or not.
ments of coal were on a very large scale, and that Bearing all this in mind, however, it may be stated
that
coal was dearer in 1900 than it had been for over a the total receipts into the Exchequer for the nine months
quarter of a century. A very large part of the ap- ended with December amounted to £79,477,7.58, being an.
parent growth in the export trade is hence due to increase of £3,.587,563 over the corresponding period of 1899.
Chancellor of the Exchequer exjiected the falling off
because of the anticipation of this year's revenue and the
increase because of the new taxation to be spread equally
which it may be worth while to call attention. The over the whole year, the nine months do not come up to his
total value of the imports for the past year, as already expectations; but it is hardly credible that he entertained
said, was £523,633,486, while the value of the exports such a notion, since the larger part of the revenue is reof British and Irish produce and manufactures was £301,- ceived in the last three months. Upon the whole, it looks
451,306, and the value of the re exports was £63,099,888. as if the revenue had come up fairly well to his expectaAdding these laiter two items together, we get total ex- tions; and indeed he stated only a few weeks ago that he
ports of £354,550,594, and subtracting this sum from the was still confident that his estimate would be realized.
value of the imports, we find the value of the imports ex- That being so, the revenue returns fairly well support the
ceeded the value of the exports of all kinds by the enormous evidence of the railway traffic] returos and the Clearing
sum of £169,082,893. Of course it is to be borne in mind House returns.
that the value of the exports is that declared at the port of
The price of coal, as .said above, has exercised a very great
shipment, and consequently it does not include freight, in- influence upon the whole trade of the country, and it has
surance or commissions; while the value of the imports is fluctuated very widely and very suddenly during the year.
that declared at the port of landing, and consequently does In the second half of 1899 there was a very marked rise.
include freight, insurance and commis-ions. The real differ- Nevertheless, at the beginning of 1900 the price of the beet
ence, then, between the value of the imports and that of the Welsh steam coal was still only about 22s. a ton. The Adexports is very much less than it appears from the figures of miralty in July, however, had to pay 27s. net, and in August
the Board of Trade; but when all allowances are made, it it paid 29s. and yet did not get as much as it required. One
will be seen that there is an enormous excess of imports result was that, whereas the Government formerly made
over exports. Part of this great excess is of course proHts contracts for short periods, in November it decided to enter
of all kinds resulting from our capital employed abroad and into contracts for the bulk of its requirements for the whole
re-payments in various forms; but whenever deduction is of 1901, paying from 19s. to 21s. per ton net. The August
made the excess is very great, and it is considerably higher price, which for the Admiralty was 29s. and for the smaller
the exceptional dearness of coal.
There is another feature of the foreign trade to
than in
1899,
when
lions sterling.
in
round figures
The greater part
it
amounted
to 155 mil-
of the balance
is
buyers 30s., was not long maintained. Since September the
due to price has been giving way, and at the close of the year it
the United States, our imports from the United States having been on an extraordinary scale, while our exports to
the United States were very small. No doubt the excess of
imports over exports was exaggerated in the year just
closed by the immense purchases by the Government on
account of the war in South Africa of all kinds of material
and also of animals horses and mules more particularlj'.
Probably these large purchases will cease to a great extent
in the current year. At all events they will be much reduced; but still it is reasonably certain that the excess of
imports over exports will continue exceedingly large for a
long time to come.
—
The best information i-espeoting the condition of the
country is perhaps given by the Clearing- House returns,
the railway traffic returns and the revenue receipts. The
returns for the London Clearing House for the whole year
show a grand total of £8,960 170,000, being a decrease compared with 1899 of £190,099,000. The decrease, however, is
entirely in the Stock Exchange pay-days. On these alone
there is a decrease of £204,724,000, and on the two or three
days immediately following pay-days there was a decrease
of over 68 millions sterling.
While on the fourths of the
month, which are the great trade settling days, there is an
increase of £13,375,000. So far, then, as the Clearing House
returns go, we have evidence that the actual turn-over of
trade proper was larger in the year just closed than even in
1899, which was so marvelously prosperous.
The traftic returns of the 17 principal raihvays of the United Kingdom
amounted for the whole year to £86,990,000, being an increase over 1899 of £1,997,000, or 2i>^ per cent. It is true
that in the second half of the year rates were raised in
many ways
so as to covmteract the extraordinary
in the price of coal;
but
advance
the evidence of railway traffic
returns confirms that of the Clearing House returns, that
the actual movement of passengers and goods was at least
as large and probably larger than in 1899, even after allowing for increases in charges. The revenue returns are less
certain, because at the very end of the financial year 18991900 there was an extraordinary rush to clear goods through
the Custom House, as everybody expected that there would
be an increase of taxation in the New Year. Consequent'y.
a certain decline compared with the financial year that
ended with March last was inevitable; but on the other
hand, the Chancellor of the Exchequer put on new taxes
estimated to yield considerably over 12 millions sterling,
still
If the
fell to 18s.
or 19s.
The extraordinary rise in coal was due to a number of
circumstances. The great strike in South Wales exhausted
supplies and the supplies have never since increased as
before. The home trade, too, has been remarkably good
for a great many years. Not only has the whole population
been prosperous and been buying all sorts of manufactured
articles in great quantities, but there has been a strong demand abroad for our goods and especially for our machinery.
The constant production of machinery for abroad in itself
consumed coal on a large scale. But as the machinery was
exported and set up, the foreign consumption of coal increased naturally; and during the past few years the foreign purchases of coal have been on an extraordinary scale.
Then, again, almost all the leading governments of the
world have been engaged in increasing tlieir navies and so
adding to the consumption of steam coal. And lastly, the
South African war has compelled the British Government
to charter an extraordinary number of vessels whose places
have had to be taken either by new ships or by ships that had
been laid up, and thus again the consumption of coal has
been increased.
Up
to the middle of 1899 the price of coal
And as wages in the coal trade had
been, speaking generally, regulated by a sliding scale ac-
was very moderate.
cording to the price of coal, wages were not very attractive,
and for a long time past there have been complaints that it
was difficult to get all the labor required.
Our legislation forbids women and very young boys to work
underground
and miners themselves have of late years
been unwilling to bring up their sons in their own business.
No doubt this steady decrease in the supply of labor had a
very considerable influence on the rise in the price. It
would have caused an advance in any circumstances. The
exceptional circumstances of the last eighteen months have
accentuated its importance greatly. The rise in steam coal
was accompanied by a proportionate rise in other kinds of
There
coal, though perhaps not as great as in steam coal.
was a very remarkable rise in coal for manufactures, and
the ordinary householder knows by experience that house
coal likewise has advanced very sharply. There is no doubt
that the higher price of the article during the first eight
;
monthsof the year did adversely affect trade. Many manufacturers bought only from hand to mouth. And in many cases
production itself was reduced because it could not be continned without loss. During the last three months the fall in
THE CHRONICLE.
218
[Vol. LXXII.
The fall was mainly dne ufacturers may sell even at a loss rather than allow of anwas contributed to very actual glut at home. There is in consequence of all this
materially by a marked increase in the supply of labor. The much uncertainty. Orders are still kept back. For those
high price of coal led to a very remarkable rise in wages, who have them to place hope to be able to put them out on
and the higher wages attracted the poorer paid in other in- much better terms by waiting. On the other hand, manu-
price has been very considerable.
to the decline in orders. But
it
estimated by a good authority that at
the close of the year the supply of labor in South Wales alone
had increased nearly 20 per cent. During the twelve months
the rise in wages in South Wales was 4S% per cent. And in
spite of the fall in the price a further advance is anticipated.
Not less remarkable than the continued rise in wages is the
fact that whereas during the great coal and iron boom of
1873-4 there was an extraordinary increase in the number of
collieries worked, during 1900 there have practically been
no new collieries opened. This is attributed partly to the
fact that nearly all the good coal districts are already being
worked, and partly to the extraordinary cost of opening up.
It is said that during the past two or three years the cost of
working a colliery has been very nearly doubled.
As in coal, so in iron, prices ruled higher during 1900 than
ever since the great iron and coal boom in 1873-4. As the
official figures are not yet published, it is impossible to state
exactly the production of iron ore. But the best informed
opinion is that there has been no increase, rather that there
has been a falling off. On the other hand, there has been a
large import of iron ore from abroad. In the same way the
best informed opinion is that the pig iron production will
turn out not to have increased much in 1900. And the explanation given is that the rise in coal and in wages as well
as in iron ore was so great that the manufacture of pig became unprofitable. Moreover, the break in iron, both in the
United States and on the Continent, especially Germany,
led to the cancelling of some orders and the re-sale of much
that had been delivered, and thus caused a break in iron in
this country. Consequently about midsummer there was a
general decision amongst manufacturers to restrict production. In the first half of the year it is said that no one
living ever knew so much difficulty experienced in getting
dustries, so that
it is
had to go from
wharf to make up even a small cargo. It is even
that some vessels had to wait at a wharf until the
made, and that often vessels had to depart without
supplies of pig iron, vessels having
wharf
to
asserted
iron was
a cargo.
for iron almost
In the second half of the year the demand
ceased, and everybody decided only to buy from hand to
mouth. In the last two months matters became worse
still.
The stocks of Cleveland pig iron were increasing at
the rate of over 1,000 tons per day, and prices dropped so
rapidly that makers objected to increasing their stocks at a
loss.
Accordingly, in December thirteen furnaces were
Two had been damped in the preceding two
the close of the year the number of furnaces
in blast in the North of England had fallen from 95 to 82;
and in other parts of England and Scotland there was also a
very considerable reduction in furnaces.
In the manufactured iron trade also there was great prosperity in the first half of the year; but American competition
came into play, and the increasing difiiculties in Germany
led in many cases to the sale in England of iron that had
been ordered for Germany. It will be recollected that during the summer the great period of prosperity in Germany
ceased. The Berlin money market became very stringent
and alarm sprang up. Consequently, German manufactur
ers found it difficult to finance their operations, and
rather than import iron ordered here they sold for what
could be obtained. The selling by Germans and the competition from America led to a sharp fall in prices. Our manufacturers for a time thought little of American competition and did not quite realize the gravity of the crisis in
Germany. Therefore they tried to keep up prices with the
result that the break in the end became more serious than
it need have been, the fall in many cases reaching 20
per cent and 25 per cent.
With regard to the immediate outlook, it is to be noted that
the stock of pig iron is exceedingly small. Notwithstanding the increase that took place in the second half of the
past year, the stocks held are very much less than they have
been for a long time and American competition is very
much less keen than it was because prices here have fallen
so much. On the other hand, there is very great depression
in the iron industry in Germany and as there is a slow
liquidation going on there, it is possible that German man-
damped down.
months.
By
;
;
facturers are confident that the fall has gone far enough,
unless there is to be a reduction in wages and a fall likewise
in iron ore and coal.
While coal, wages and iron ore are at
their present level, manufacturers think that existing pricea
are reasonable.
The position in the wool trade differed altogether from
that in the coal and iron industries. In the two latter the
year began brilliantly and everything looked prosperous
during the first six months; whereas the second half of the
year blighted the hopes held. Wool, on the contrary, began the year badly, and ended it much more hopefully.
Toward the close of 1899 the opinion prevailed very generally all over Europe that there was about to be a regular
boom in the woolen industry. The long drouth in Australia,
had destroyed so many sheep that merino wool was very
scarce, and everybody expected an extraordinary rise in
consequence. One result was that Continental manufacturers, especially French and German, sent out agents to
Australia toward the end of 1899 to buy up merino wool in
immense quantities. They succeeded in doing so, and they
raised the price considerably. At the December sales in
London there was a still further rise and British and Continental manufacturers bid eagerly against one another.
In January, 1900, however, prices of wool began to give
way, and they continued to fall up to November. It became evident that speculation had played a very much
greater part than had been supposed in the rise. Numerous
failures occurred upon the Continent, especially in France.
There were some failures likewise in Yorkshire. There were
very alarmist rumors that the difficulties all over Europe
were much greater and much more widespread than anybody believed. To cope with the crisis one or two London
sales were postponed altogether, and bankers were very considerate towards their customers. Still, apprehension continued, and not only was all the rise wiped out that had
taken place during 1899, but actually in November the price
was somewhat less than at the end of 1893. Since November, however, there has been a recovery, and a very much
more hopeful feeling now prevails. Apparently the rumors
that circulated of difficulties both here and on the Continent
were immensely exaggerated. The trade had been prosperous for two or three years. A good deal of profits still
remained on hand, and the losses of 1900 were therefore not
so overwhelming as many supposed.
The belief now, at all events, is that the worst difficulties are
over, and that we are about to see a very considerable recovery. It is certain that the supply of merino wool is very
short. The drouth in Australia is only just at an end, and it
has lasted for six years more or less. The mortality amongst
sheep has been very great. The fleeces during the bad season have been very poor and light, and consequently the
Furthermore, the fall in prices that
real supply is small.
has now taken place has brought wool down to a very low
figure; and consequently there ought to be a very marked
improvement. It is true, of course, that about 130,000 bale^
have been carried over from one sale to another in London
during the year. But 130,000 bales would not go very far if
a real demand were to spring up.
In the manufactured woolen trade there was also at the
Orders were placed
beginning of 1900 over-speculation.
far beyond the requirements of business, and consequently
when the fall in wool began many traders found themselves with very large stocks purchased at exceptionally
high prices. Gradually, however, the accumulation has
worked off. The British public had become so accustomed
to cheap wools that the rise of 1899 induced many to turn
their attention to other kinds of clothing. But the fall
that has since taken place has revived the demand, and the
prospect now seems more favorable. The foreign trade has
been fairly good all through the year except with America
and South Africa. American manufacturers have not
bought raw wool on anything like the scale on which they
were accustomed to buy in former years. And American
orders in Yorkshire have been very much fewer and less
valuable also. The war, of course, accounts for the falling
The troubles in China have likewise
off in South Africa.
February
THE CHRONICLE.
2, 1901.J
led to a restriction of exports to that country.
colonies have taken very large quantities, and so
But our
have the
South American countries generally.
The price of raw cotton fluctuated violently during the
year. The demand for manufactured goods was small, owing
to the famine and plague in India. Therefore manufacturers
were little inclined to buy raw cotton. And influenced by
Mr. Neill's reports, they refused to believe that the American
crop was so small as it really turned out to be. In spite,
therefore, of considerable buying, both for the Continent
and for the United States, there was little done in Lancashire; and when the troubles in China began the disinclination to buy increased. Stlil the price of the staple rose, and in
consequence many manufacturers either stopped work altogether or ran short-time for several weeks. The rise reached
After that there was a deits highest point in September,
chne and work was resumed completely. But the trade
continued unsatisfactory. Towards the very end of the
year there was a recovery and now a more hopeful feeling
exists and work is going on normally.
Shipbuilding has been exceedingly active throughout the
2L9
proved, and is far more efficient than ever before. Employ
ment of all kinds of ships has been abundant, enabling
every craft to obtain constant work at very remunerative
freights. And as the clearest testimony to the general
prosperity, the dividends declared by shipping companies
have been unusually good. Practically, indeed, it may be
said that the depression which lasted so long after the great
collapse of 1890 has been followed by an extraordinary prosperity, so that
shipowners have been able to set apart large
and improve their fleets, and yet to dis-
reserves to remodel
tribute exceptional profits.
The continued suspension of gold mining in South Africa
throughout the whole year, the large borrowings of the
British Government on account of the South African war
and the operations in China, the very considerable debt due
from this country to other countries, more particularly the
United States and France, and the crises through which the
greater part of the Continent has been passing, more especially Russia, Germany, Belgium, the Scandinavian countries and the Balkan States, all combined to make money
scarce in London. Yet the money market was apprehensive
year. The general impression at the commencement was rather than stringent. At the beginning of the year the
that there would be a very marked falling off because of rate of discount of the Bank of England was 6 per cent.
January,' however, considerable
the extraordinary dearness of coal and iron, the rise in During the month of
for
three
or
four
were
received
from New York, and these
production
gold
the
fact
that
the
years
amounts
of
wages,
preceding had been so very great and the probability that increased so much the supply in the open market that the
when the war in South Africa came to an end so many Bank of England rate was reduced during the month by
ships now chartered by the Government would return to three successive steps to 4 per cent. Gradually, however,
their old employment, and so bring a fall in freights. And the supply began to grow less and less. In May a million
undoubtedly there was a marked decrease in the orders for sterling in gold was received from Russia and half a million
new ships during the second quarter of the year. The fall sterling from India, and the impression made was surin iron and steel, however, followed a little later by the fall prisingly great. The actual addition to market funds was
in coal, encouraged new orders to come forward. And con- not sufficient to justify the impression. But there was a
sequently the activity of the ship-building yards was prac- very general belief that much more gold would have to
tically as great as in the year before, previously the year of come from Russia, as the Russian operations in the Far East
greatest construction in our history. It is to be borne in were being financed through London. Asa matter of fact
mind that the actual launching of ships does not necessarily further gold has not come. But for the time being the fallrepresent the real activity of the yards in any one year. For ing away in rates was such that the Bank of England found
instance, there were ships almost completed at the end of itself compelled to reduce its rate of discount by two suc1899, which, however, were not launched because of the cesssve steps at the end of May and the beginning of June
impossibility of getting delivery of some small adjuncts. to 3 per cent.
And these ships figui'e in the actual output for 1900, when
As the summer advanced money again became scarce, and
the real construction was completed the year before. On the Bank rate in July was advanced to 4 per cent, while
the other hand, many ships were practically completed at the directors of the Bank took measures to get control of the
the end of 1900, but on account of the Christmas holidays outside market. Nevertheless, as July wore on the likelihad been held back, and so will appear in the returns for hood became greater and greater that another advance in
1901.
the Bank rate would be necessary. This, however, was
As a matter of fact, the output of completed vessels is avoided by an arrangement entered into between the
somewhat smaller than for 1899, but the activity in the Chancellor of the Exchequer and a syndicate of Angloyards was slightly, if at all, less. It is to be borne in mind, American bankers, by which the latter agreed to take and to
moreover, that the official figures have not yet been issued, pay for in gold half the loan of 10 millions sterling of Exand possibly, therefore, there may have to be some slight cor- chequer bonds then issued. The relief so given to the marrections made. But practically the facts are well known. ket was added to by very considerable purchases of sterling
The total output of new ships for 1900 was of the measure- bills, both by American bankers and by French banks.
ment of 1,674,844 tons, against 1,731,543 tons the year before. Owing to the exhibition and to the inability of French wool
Of this grand total Scotland produced 541,031 tons, or, manufacturers to buy wool in London on the usual scale beroughly, one-third. On the other hand, while the Clyde con- cause of failures at Roubaix and elsewhere, the balance of
tinues to be by far the greatest constructer of ships in the trade between France and England was decidedly in favor
world, it does not produce the largest ships. Last year the of France all through the year. Moreover, the Russian Govlargest output of any single yard was by Messrs. W. Gray & ernment which it was thought would have to send large
Co., of Hartlepool. The number of ships was 24 and the ton- sums of gold to London, really withdrew gold from London
nage was 74,190 tons. Messrs. Harland & Wolff, of Belfast, in order to pay the interest in Paris on the Russian debt
who in 1899 turned out the largest tonnage, came second held abroad. But the investments of French bankers in
last year with 73,897 tons, very close up, it will be seen, to sterling bills were on so large a scale that the Bank of EngMessrs. Gray. And third on the list came Messrs. Russell & land was able to avoid raising further its rate of discount
Co., of Port Glasgow, with 60,339 tons.
Messrs. Harland & during 1900. On the third day, however, o'' the new year
Wolff, who stood second last year among British shipbuild- (1901) it was compelled to put it up to 5 per i,^nt.
ers, turned out the largest single ship, having a measureOne of the influences operating upon the London money
ment of 16,000 tons. And they turned out four vessels of market throughout the twel ve months was the fear of serious
over 12,000 tons each, their total output having been only six difficulties in Germany,
Early in the year there was a
ships, while the total measurement was very nearly 74,000 great collapse, financial and commercial, in Russia. Practitons.
cally all the banks not connected with the Government were
The sea-carrying trade has been marvelously prosperous able to continue doing business only because they received
all through the year.
Freights have ruled exceptionally support from the Minister of Finance. And the leading Rushigh. There has been an unprecedented demand for vessels sian banks had very close relations with several banks in
of all kinds; and British owners have been able to sell old Germany. Moreover, there had been extraordinary activity
and out-of date ships to foreign countries at unusually high in trade in Germany for some years. There bad been a great
prices.
On the' other hand, the place of these worn-out manufacture of industrial companies. Loans had been
vessels has been taken by ships of the very newest and best made to foreign countries on a vast scale. And speculation
type. So that as a result of the past two or three years the had run rampant. Towards the end of 1899 the Imperial
mercantile marine of this country has been immensely im. Bank had had to raise its rate to 7 per cent. Though the
;
220
THE CHRONICLE.
was reduced early in 1900, apprehension became so
great in the late spring and earlj' summer of 1900 that the
semi-official press began to address strong warnings to the
banks, urging them while it was yet time to cm-tail speculation. The Governor of the Imperial Bank likewise ad-
[Vol, LX2II.
Government was canght.
It had no garrison in South
Africa sufficient to protect the British colonies. Its field
artillery was entirely inferior to that of the Boers. It was
without mules or other animals for conveying everything
required by an army in the field over great distances. And
dressed warnings to the other banks. And about midsum- it actually had not even horses for its cavalry. It has had
mer, as a result, a slow liquidation began which has continued to obtain all these things as the struggle went on at enorever since. No serious failures occurred. But very many mous cost wherever they could be got. And the result is
operators on the Stock Exchange took advantage of the that, though a very large amount has been spent out of the
Bourse laws to repudiate their bargains, and several com- revenue raised in the year, already 56 millions sterling have
paratively small people failed. Upon the whole the country been added to the debt. Apart from the Government borcame through the crisis wonderfully well. Towards the end rowings the new issues of companies and loans have not
of the year, nevertheless, two mortgage banks in Berlin that been important enough to call for any notice.
The phenomenal rise in American securities has been the
did an immense business and two small provincial mortgage
been
such
feature
committed
have
of the Stock Exchange during the year. But the
irregularities
banks failed. The
rise
proceeded from the United States, and indeed has been
that all the directors of the two Berlin banks have been ar
rested, and of course great losses have been suffered by the almost entirely supported bv American purchases. Since
holders of the bonds of the mortgage banks. But for all the re-election of President McKinley there has been very
that no serious failures have followed, and apprehension has good and very active buying on European account. Speaknot grown as might have been anticipated. It was pre- ing broadly, however, and looking to the whole of the year,
vented mainly by the action of the leading banks, which Europe sold American securities on a much larger scale
Reference has already been made to the
all combined to insure the payment of the January coupons than it bought.
of all the mortgage banks, and thus stopped what might continuous and immense selling by Germany during the
anxious period when a breakdown in the Berlin money
have become a panic if allowed time to grow.
In spite of the anxiety and apprehension that existed, the market was apprehended. And other Continental countries
money market in Berlin has not been anything like as much have likewise sold. British holders had so immensely redisturbed as might reasonably have been expected. Tbe duced their holdings in American securities previous to
year 1900 began with a Bank rate of 7 per cent. But very 1900 that their sales were not very conspicuous during the
soon the rate was reduced to 5}^ per cent. And in July it year just closed. Still they did not invest on any considerwas further reduced to 5 per cent. And at 5 per cent it re able scale and the real buying did not begin until Mr. Mcmained until the very end of the year. The market was Kinley's re-election was known.
The second most notable circumstance in connection with
able to escape serious troubles, partly by the combination of
Stock Exchange is the low price that has ruled all through
the
partly
banks,
by
the
good
all the great
management of the
Imperial Bank, but mainly by the readiness with which the year for British Government stocks. At one time
American capitalists bought up all the securities thrown Consols were as low as 96^^ and they never advanced above
upon the market by German holders. At the beginning of 103. For the greater part of the year they have been under
the year Germany was a very large holder of American se- par. Partly, of course, the low price has been due to the
curities, and especially of American railway securities. All protraction of the war, the constant borrowing by the
through the year she has been selling on an immense scale. Government, and the strong demand for capital on behalf of
It was easy to get a much better rate of interest
It is said, indeed, roughly, that all the American securities trade.
held at the beginning of the year were sold before its close; even, on excellent security, than Consols yielded, while with
and that they were all bought for American account. Ger- a little risk 6 per cent, 7 per cent and 8 per cent could be
many also sold on an immense scale in London such securi- obtained without difficulty. But neither the war nor the
ties as had a ready market here, especially mining shares. money market really accounts for the low price of Consols.
In these ways the resources were obtained to meet the va- It is to be borne in mind that until a couple of years ago the
rious obligations that had to be covered, and grave troubles Government employed nearly the whole of the new deposits
in the savings banks in buying Consols, which amounted
were avoided.
The war finance of the Government can hardly be said to for a long time to an annual average of about 10 millions
And furthermore the Government bought up
have been skilful. The Chancellor of the Exchequer, like sterling.
the War Office, failed utterly to recognize the fighting for the sinking fund about 7 millions sterling per annum.
capacity of the Boers, and the difficulties of maintaining The Government, therefore, for a number of years before
communication in a country of such vast size.
Conse- 1899 spent about 17 millions sterling annually in the purchase
quently he has had again and again to alter his estimates, of Consols. Since 1899 that has stopped. The sinking fund
and to come to Parliament for new borrowing powers; and has been diverted and the Chancellor of the Exchequer noas a result he has disturbed the market. Undoubtedly this longer employs the new savings banks' money in the purhas been one of the reasons that made money so scarce, chase of Consols. The withdrawal of one great investor
while the very large sums borrowed have withdrawn capital who spent annually about 17 millions sterling accounts
and brought down prices upon the Stock Exchange. In mainly for the fall that has taken place in Consols.
British railway stocks likewise fared badly during the
October, l899, the Chancellor of the Exchequer was voted
by Parliament 10 millions sterling for war purposes. In the year. There was a very considerable increase in the cost of
working railways in the second half of 1899, and in consefollowing February he obtained further powers for 13 mil- quence the dividends
declared at the beginning of 1900 were
lions sterling, making 23 millions sterling to the end of somewhat disappointing. At the same time the GovernMarch last. In March he estimated that 42 millions would ment was preparing to borrow, the expenditure upon the
be required up to the end of September. In July a further war was known to be immense, trade was exceedingly active, and the trade demand for money was intensely keen
vote of 11 millions sterling was taken. And in December while the Bank rate at the beginning of the year was 6 per
an additional vote was taken for 16 millions sterling. In cent, and up to May was never under 4 per cent. Naturally,
therefore, investors turned away from the railway market,
all, therefore, there has been voted 92 millions sterling.
But a portion, of course, is on account of China, and a por- and the result was a fall. During the first half of 1900 the
working expenses increased greatly, owing chieflv of course
tion also for the home measures rendered necessary by the to the rise in coal but largely also to the rise in wages; and
sending out of over 200,000 men to South Africa.
the dividends declared therefore in July last were still more
In March a 3 per cent war loan for 30 millions sterling was disappointing than those made known at the beginning of the
brought out at 983^. In August 10 millions sterling of 3 year. There was a further heavy fall then. During the last
half of the year the working expenses had been still further
per cent three -year Exchequer bonds were issued. And in increased, and the expectation is that the dividends now
November three millions sterling of five-year Exchequer about to be declared will be even more disappointing than
bonds were issued, making the total sum borrowed 56 mil- those preceding them. It is hence not surprising that the
decline in almost all British railway stocks has been exceplions sterling. A further sum of 11 millions sterling is
tionally great.
authorized to be borrowed, and is expected to be issued
Apait from Americans, British railways and consols,
next month. The great costliness of the war is due, firstly, there is little to note in the Stock Exchange. In spite of the
to the marvelous skill and foresight with which the two protraction of the war and the continued suspension of
gold mining, South African gold shares, especially those of
Boer governments prepared for the struggle, and, secondly, the Randt, have been wonderfully steady, Rhocle^ian gold
to the absolute state of unpreparedness in which the British shares have fallen more. In the Transvaal the value of the
rate
;
—
.
February
THE CHRONICLE.
3, 1901.J
mines had been fully proved before the war. In Rhodesia,
on the other hand, production is only just beginning, and
the
public,
therefore,
has not
the
same confidence
In the table below
by months
section has been added during the year to the
already dealing in mining securities,
namely the West African. Dealings in West African shares
In one instance the Asfirst became noticeable in March.
sociated Gold Fields Corporation shares at one time
were as high as 27, then dropped to 22, and recovered to 25.
Since the suppression of the native rising there has been a
marked revival of interest, and a large number of new com
panies has been formed, the market has broadened, and
speculation has become rather wild.
The complete trade figures of imports and exports into
and from Great Britain for three years are as follows
:
EXPORTS AND tMPORTS.
1899.
Exports.
flome products*
Re-shipment of imports.
Total exports
Imports.
Total merchandise
1898.
£
and
the price of silver in
London
1900.
PRICE OF SILVER FOR THREE YEARS.
£
291,451,000
63,099,000
264,492,000
65,042,000
233,3.=i9,000
354,550,000
329,534,000
294,014,000
523,633,000
485,035,000
470,378,000
60,655,000
1900.
1899.
1898.
High. Low. Aver.
High. Low. Aver
High. Low. Aver.
Silver.
d.
d.
d.
d.
2788
2678
Feb
27%
27 14
275,6 27 19
d.
''77,6
d.
27ni6 27
27 13
277,,
26 14
2618
2558
2638
2578
March
27.-16
2712
27oih
2758 271s
'^89 6 27«i8
28»jQ 27%
28„ 2710,6
29 14 287,6
303,6 2916
29'6 6 297,6
2919
2978
279,6
277,6
279,6
2713 6
28I4
28i«
2813]6
299,6
29'i,6
2913,6
28%
i.!8
28
2758
28 ^
2811,^
27%
2758
2713,^
2738
26^5,e
275,K
276,6
27 1«
303,6 27
28I4
d.
d.
Jan
April
May
June.,
July
Aug
Sept
Oct
Nov
Dec
Year.
..
d.
2714
2738
279,6 2738
2738
29
2878
2m
277,
275,8
27i«
2711,6
28^4 279,6 2^7^'
285 6 27 1« 2716,8
.758
2714 277,6
•^7l.^l6
286,,
2658
2011,,
26iii6 27lie
26>6,a 273,6
277
2515,8
7^ 26U„ 265,6
271,8
2758
27i«
12658
25 13
,/^6,„
2678
27%
27%
2615,
261,8 25
285,6 25
,
2616,6
The situation of the Bank of France as to its stock of gold
and silver, according to the last returns of each month
of 1898, 1899 and 1900, was as follows, stated in pounds
sterling.
GOLD AND silver
many departments
1900.
we show
for 1898, 1899
in
change.
A new
221
in
Randt ventures. In the West Australian
market there has been two bad breaks. Early in the year
it was discovered that the statements as to the amount of
ore reserves of the Associated Gold Mines of Western
Australia were unfounded. Instead of 700,000 tons, experts
sent out stated that the reserves were only 40,000 tons. The
price, which at one time had been as higli as £18, fell to £'-i.
•end the whole market was more or less disorganized.
Gradually, however, things were righting themselves, and
confidence was returning, as no other misrepresentations
were brought to light, when at the very end of December
the directois of the London & Globe Finance Corporation
issued a circular to their shareholders calling a meeting for
voluntarily winding up the company. It turned out that
the company had locked up its capital in ventures which,
whether good or bad, were unrealizable for the moment.
And as the company had been trying to support the market
for certain West Australian shares, and especially those of
the Lake View Company, while an opposing interest had
been " bearing" those shares, the company was unable to
take up the shares bought by it, and about a score of brokers weie, in consequence, unable to meet their obligations,
and therefore were declared defaulters on the Stock ExRhodesian as
^
Gold.Sllv'rTota'
1900.
£
£
IN
BANK OF FRANCE.— [00,0008 Omitted. J
1899.
£
Jan. 25 75,9
Feb. 23 76,8
45,7
Mar. 29 77,8
46,7
April 25
7^,7
46,6
Jan. 26
128.6 Feb. 24
123,5 Mar. 3U
123,S April 27
May
31
81,5
45,7
127,2
May
June 28
8i,b
45.9
130,4
Gold. Silv'r Total
1698.
£
£
£
72.8
48.0
£
£
£
77,2
48,3
125,5
77,3
48,5
126,8
Mar. 31 74.5
48,7
123,2
48,6
49,3
123.0
123,0
124,6
49.6
124,7
49,9
125,4
73.0
48,0
120,8 Jan. 27
121,0 Feb. 24
72,6
48.0
120,'
72.7
48.3
74.4
25
78,5
48,5
121.0 April 28
122," May 28
Junef9
75,4
4«.8
121.2
June 30
75,1
121.6
45,7
Gold.iSilv'r Total
74.8
49,1
!
j
July 28 ft7,3
Aug. 80 90.0
Seoi 27 9o,e
Oct. 25
Nov. 29
Dec. 27
46,0
132.t
July 27 76,6
48,3
124,9
45,4
135.4
Aug.
47,9
125.2
31
77.1
July
Aug.
28l 75.1
j
25: 75,6
I
Sept. 28 76.9
136,3 Oct. 26 76,6
137.5 Nov. 30 7.5,5
137.9 Dec. 28 75.0
45,2
185.8
41,6
91.7
44,5
93,0
W3.6
44,3
47,5
Sept. 29! 74,7
122.4 Oct. 27 73,6
124,4
46,8
49.7
124.4
49,1
122,7
j
Nov.
46.7
132,'
46,3
121,3 Dec. 29
241 73,3
48.8
72.9
48.8
!
•
121,9
121,g
The appended table, made up from the official statements of the Bank of England, shows the position of
the
Bank
week
as regards bullion, reserve, etc., each
of the
year.
Exoessof imp.overexp.
169,083,000
176.364.000
156.101,000
Including £8,608,000 in 1900 and £9,196,000 in 1899 the value of
new ships not recorded prior to 1899.
The quantities and values of textile exports from Great Britain for the last three years are given in the following table.
*
BANK OP ENGLAND
IN 1900.— [OO.OOOs Omitted.]
;
is
5.2
2.5
1900.
Deposits.
in
Bullion
Year's Exports.
Quantities.
lbs.
Cotton yarn
yds.
Piece goods
lbs.
Jute yarn
yds.
Piece goods
lbs.
Linen yarn
yds.
Piece goods
lbs.
Woolen yarn
Woolen tissues
Worsted tissues
Values.
yds.
yds.
Woolen fabrics
Worsted fabrics
158,299,100
213,125,000
248,663,200
5,034.250,600 5,438,944,200 6,216,053,900
38,^88,800
45,251,200
49,645,400
173,898,700
213,264,100
211,062,700
17,:-i55,400
16,361,800
18,152,400
154,800,100
174,279,000
148.004,600
57,164,200
58,8( 6,700
63.700,300
46,307,700
50,504,700
48,954,100
102,060,600
102,525,000
95,481,400
7,743,026
52,407,538
486,222
1,'^87,485
935,009
3,853,581
4,493,273
,
£
£
£
Cotton yarn
Piece goods
Jute yarn
Piece goods
Llueu yarn
Pifce goods
Woolen yarn
1898.
5,883,391
6,470,680
8,058,866
50,861,583
459,452
1,903,030
909,066
3,795,056
4,875,856
5,275,691
6,250.541
8,923,272
47,910,088
469.165
1,796,203
885,330
3,2'.'4,217
4,674,358
4,8V2,973
5.724.653
The exports of iron and steel from Great Britain have been
as below each year since 1876, inclusive.
Sails.
Other
Descriptions.
Mar. 7..
" 14
«'
21..
" 28..
Apr. 4..
"
"
"
May
11..
18..
25.
2..
"
9..
" 16..
" 23..
" 30..
June 6..
" 13..
"
20..
" 27..
EXPORTS OF IRON AND STEEL FROM GREAT BRITAIN.
Pig Iron.
£
Jan. 3..
" 10..
" 17..
" 24..
" 31..
Feb. 7..
" 14..
" 21..
" 28..
July 4..
"
TotaL
11..
" 18..
25..
Aug. 1
'•
1900....
1899....
189M....
18'.)7....
1896....
1895....
1894....
1893....
1892....
1891....
1890....
1889....
1888....
1887....
1886....
1885....
1884....
1883....
1882....
1881....
1880....
1879....
1878....
1877....
1876....
Tons.
,428.549
,380,342
,042.853
,201,104
,060,165
866,568
830,985
840,294
767,053
840,055
,145,268
,190,371
030,319
,158,174
,044,257
960,931
,269,576
,564,048
,758,072
,480,196
,632,343
,223,436
924,646
881,442
910,905
Tons.
463,960
590,667
609,403
Tons.
1,652.848
1,746,171
1,592.094
782,04.S
1,702,5*57
747,662
457,552
425,242
558,375
468,003
702,247
1,782,571
1,511,421
1,393,771
1,457,905
1.504,223
1,697,844
1.820,731
1,905,919
1,910,242
1,973,075
1,035,431
1,089,892
1,020,002
1,011,779
739,651
714,276
728,540
971,163
936,949
820,671
693,696
463,878
441,384
497,924
414,556
1,60,"),289
1,455,475
1,497,439
1,508,093
1,658,531
1,517,4.53
1,466,055
1,196,170
933,193
905,285
899,809
Tons.
3,545,357
3,717,180
3,244,350
3,686,106
3,550,393
2,835,541
2,649,998
2,856,574
2,739.279
3,240.146
4,001,430
4,18(?.182
3,966,563
4,143,028
3,389,197
3,130.682
3,496.991
4,043.308
4,353,552
3,820,315
3,792,993
2,883.484
2,296.860
2.346,370
2,224,470
.
"
8..
"
15..
" 22..
" 29..
Sept. 5..
" 12..
" 19..
" 26..
Oct. 3..
" 10..
" 17..
" 24..
"
31.
Nov. 7..
" 14..
" 21..
" 28..
Dec. 5..
" 12..
" 19..
" 26..
28,3
28,3
2x,2
28,1
28,4
28,5
28,2
27,9
28,4
28.4
28,2
28,3
28,8
29,8
30,0
29,3
29,0
30,2
29,7
29,3
29,2
29,5
29,7
29,5
29,6
30,2
30,9
30,6
30,4
30,1
30,9
30,6
30,3
29,9
29,8
30,1
29,6
29,4
29,5
30,5
30,2
29,8
29,5
29,9
29,7
29,4
29,1
29,1
29,5
29,2
29,6
29,8
!to
32,1
33,3
34,5
35.2
35,5
35,5
35,7
35,7
36,0
35,5
35,8
35,5
35,1
33,7
32,2
31,9
32,7
32,3
32,3
33,3
33,5
33,2
32,3
32,7
33,7
33,6
32,7
31,7
31,5
31,6
31,0
30.4
30.9
33,4
35,4
36,1
36,4
36.7
36,1
35,0
33,6
33,5
32,8
32,4
31,7
31,9
31,9
31,9
31,2
31,1
30,1
28,5
a Nov. 30, 1899.
/June
14.
+3
both
j
1899.
of
3J
P^
Coin.
partments.
EXPORTS OF textile FABRICS.
1900.
Securities.
de-
Reserve
and
o
O
O
£
£
£
£
8,7
9,9
44,5
45,2
43,5
40,6
40,2
38,4
37,7
38,8
40,1
38,9
48,4
41,3
41,8
41,5
43,1
39,4
41,9
41,0
41,7
40.9
41,1
40,7
41,2
39,8
41,0
41,2
40,7
42,0
38,9
39,9
40,1
38,1
42,1
41,2
40,0
39,7
38,9
39,6
39,1
43,6
41,5
41,0
41,0
40,5
38,4
39.3
36,8
40,0
40,9
39,0
38,0
37,0
16,1
19,0
19,1
19,1
18,0
18,0
18.1
18,1
18,1
18,0
17,2
34,6
32,4
30,1
28,3
27,8
27,3
27,5
29,9
31,6
32,9
40,5
34,7
34,7
32,3
ol,9
31,6
32,1
33,3
32,2
31,2
31,2
30,2
30,0
29,9
30,6
30,5
10,6
12,4
11.4
12,6
14,0
15,5
15,4
17,4
15,2
13,9
12,5
10,2
6,5
8,7
8,0
8,5
7,4
8,6
8,8
7,5
5,8
7,8
8,1
7,2
11,3
8,8
10,5
9,8
10,4
10,6
8.1
10,4
9,2
6,8
6,7
6,7
5,9
6,3
7,4
8,6
8,1
7,4
5,9
6,8
8,2
7,8
5,9
8,0
7,3
6,8
14,1
14,1
15,6
15,6
14,1
14,4
14,4
14,5
14,5
14,5
14,5
14,5
14,7
14,7
14,7
20,2
20,4
20,4
20 4
20,4
20,4
20,0
19,8
18,0
15,9
14.4
12,4
10,8
16,6
19,5
20,2
20,2
19,7
18,3
18,9
17,4
17,5
18,2
18,2
16,2
16,2
e
a
*^
Ah
6 Jan. 11, 1900.
(/July 19.
o
:
h)
0,5
29,9
28,4
28,2
30,5
28.9
30,1
28,7
26,0
2.^,3
25,0
27,3
2>i.4
29,6
26,1
25,8
25,6
25,7
24,1
24,8
25.0
27,7
26,9
27,0
2S.7
29,0
Jan. 13.
-12
Notes
o
20,6
21,8
23,1
23,9
23,9
23,8
24,3
24,6
24,3
23,9
24,4
24,9
24,1
21,7
19,9
20,4
21,4
19,9
20,3
21,8
22,1
21,4
20.4
21,0
21,9
21,2
19,5
18,8
18,9
19.3
17.9
17,6
18,4
21.2
21.8
23,8
24,6
25,1
24,4
22,2
21.2
21,5
21.1
20.3
19.8
20.2
20.5
20,5
19,5
19.6
18,3
16,5
rfJan.25.
P.O.
Pr.
o6
4%
ct
65
378
35,8
d4 31,6-ia
. - 39,8
.-s?:;
316.8
.... 3i»i«
rA\4
.
3"l8
4
* •
•
•
> >
•
•
> >•
316,8
3llis
.
>•
4
•
*
....
•
• 3%
>•«
....
•
• •
.
-
•
-.
f3>^
43,8
4<,«
4-41,8
41l6
'I'K
34
3
211,8
2%
f3
2)9
2»16
296
24
f7*
215,8
3i5i«
41a'
•13,8
4ie
s-'s
....
....
388
378
311,8
3%
....
•
•
....
.
.
4»1«
3<i
.
....
.
378
4
•• 4
• ••
..*
...
.*.
3%
31S„
4
4
•> 4
.... 4
.
.
.•-•
4
4
....
....
41,8
4>ia
.
--.
e
May S4
—
.
.
.
,
THE CHRONICLE.
222
In the subjoined statement we show all the changes in the
Bank of England rate in each year from 1893 to 1900, inclusive.
BANK OF ENGLAND RATE OF INTEREST.
Rate Number
per of days.
Rate Number
per
Year.
Year.
of days.
I
;cent.
cent.
1892.
JaB. 1 to Jan. 21.
Jan. 21 to Apr. 7.
Apr. 7 to Apr. 28.
Apr. 28 to Oct. 20.
Oct. 20 to Deo. 31.
Year's average ..
1897.
1 to Jan. 21. 4
21 davf Jan.
77 days Jan. 21 to Feb. 4. 3ifl
3
21 days Feb. 4 to Apr. 8 3
2 "a
2
175 davg Apr. 8 to May 13. 213
72 days May 13 to Sept. 23. 2
3
Sep't. 23 to Oct. 14. 21a
2-52 366 day 8 Oct. 14 to Dec. 31. 3
3ifl
Aug. 3 to Auar. 10.
Aug. 10 to Au«. 24.
Aug. 24 to Sept. 14.
Sept. 14 to Sept. 21
5.1
Sept. 21 to Oct.
5 to Deo. 31.
Oct.
Year's average
1894.
1.
Jan.
1 to Feb.
1 to Feb. 22.
Feb.
Feb. 22 to Dec. 31.
1898.
7 days Jan. 1 to Apr. 7.
7da)e Apr. 7 to May 26.
21 days May 26 to June 2.
7 daye June 2 to June 30.
49 "aye June 30 to Sept. 22.
3
7 days Sept. 22 to Oct. 13.
4
14 days Oct. 13 to Dec. 31.
5
21 days
Year's average
4
7 days
3»«
14 days
1899.
87 days
3
Jan. 1 to Jan. 19.
3*06 365 days. Jan. 19 to Feb. 2.
Feb. 2 to July 13
July 13 to Oct. 3.
5.
32 days Oct. 3 to Oct.
3
2ifl
21 days Oct. 5 to Nov. 30.
2
1312 days Nov. 30 to Dec 31.
1896.
1 to Sept.
Sept. 10 to Sept.
Sept. 24 to Oct.
Oct. 22 to Dec.
Year's average
4
3I3
3
I
2ifl
'
3
4
3-25
97
49
7
28
84
days
days
days
days
days
21 days
79 days
complete.
We
cash reserve of the national banks.
shall reserve expression of opinion on the proposition for a future occasion.
—In the trust company movement of recent years one
feature has been the growth and rapid advance of the com-
Brooklyn being so near to New York
Manhattan Borough as the designation now is) one might
365 days
imagine that the banking institutions located there would b©
'
Year's average
3^
3
313
4I2
5
6
3-75 365 days
1 to
14 days May 24 to June 14. 3I2
28 days June 14 to July 19. 3
70 days July 19 to Dec. 31. 4
2-48 366 days
days
days
days
days
days
56 days
31 days
19
14
161
82
2
|
1900.
Jan. 11 6
Jan. 11 to Jan. 18. 5
Jan. 18 to Jan. 25 4ifl
254 days Jan. 25 to May 24 4
365 days Jan.
10. 2
24 21a
22. 3
31. 4
—
4
11 days
7 days
7 days
119 nays
21 days
35 days
165 days
3*96 365 days
Year's average
—The sales of bank stocks this week aggregate 552
panies in Brooklyn.
handicapped by that circumstance. As a matter of fact,
however, the Brooklyn companies have been able to compete
actively with the New York companies in certain directions,
and it is an indication of the way these companies are managed and the confidence they are winning in public estimation that they have been able steadily to increase their business year by year. The People's Trust Company (of which
Felix Campbell is President and Edward Johnson, Secretary)
furnishes an excellent case in point. Here is a statement
showing the progress of this company during the last three
and a-half years
:
Surplus
People's Tb.
June
Dec.
June
were disposed of at auction and 125 at
the Stock Exchange. The transactions in trust company
June
of which 427 shares
A
100 share lot of
stocks reach a total of 136 shares.
hands at 235i^
Bank
changed
National
American Exchange
January.
Morton
a rise of 20 points over the last sale price in
Trust Co. and Produce Exchange Bank shares record ad-
vances of 25 and 15 points respectively.
Banks—.ATew
Yorh.
Price.
100 Amer. Exchnnge Nat. Bank.... 235i8
805
10 Bowery Bank
94
100 Butchers' &Drov's'BaBk, Nat..
4OOOI4
2 Chemical National Bank
530ia-533
20 City Bank, National
380
60 Corn ExchanKe Bank
10 Market <fe Fulton Nat Bank ... 250
25 Mechanics' & Traders' Bank.. 106
50 Mercantile Nat. B^nk
224H
192
15 Mount Morris Bank
95i«
15 Ninth Nat. Bank
100
*125 Phenlx National Bank
141
20 Produce Exchange Bank
B AUK— Brooklyn.
10 Kings County Bank
Trust companies—A'cjo
25 America. Trust Co. of
1 Bowling Green Trust Co
5 Morton Trust Co
85 North American Trust Co
20 Union Trust Co
110
York.
2IOI4
Last PreviouM Sale.
1901— 215
1901— 311
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Nov.
1901— 99^4
1901— 3987
1901— 535
1901— 381
1901— 2471*
1901— 105
1900— 225
1900— 196
1900- 95
ISOl— 100
19O0— 125%
Feb.
1900- 100
Dec.
Dec.
Dec.
Jan.
Sept 1900— 197>«
184ifl
635i«
231-233i4
1411
Jan.
Jan.
Jan.
Jan.
1901— I8314
1901- 610
1901— 229
1901—1406
Sale at the Stock Exchange.
—Mr. L. P.
Hillyer, Cashier of the American National
Macon, Ga., thinks that national banks should be
allowed to count national bank notes other than their own
of
as a portion of their legal reserve. In a letter written to us in
December he says " If this were done the problem of keeping notes in circulation would be effectually solved. National banks in the reserve cities forward all national bank
:
notes to the Government in exchange for silver certificates or
other Government notes which they can count as a part of
their legal reserve. If they did not do this their legal re-
Capital.
Dec.
Dec.
June
$
31 1900.1,000,000
30 1900.1,000,000
311899.1,000,000
30 1899.1,000,000
311898.1,000.000
30 1898.1,000,000
31 1897.1.000,000
30 1897.1,000,000
Gross.
Depoeits.
<i
Und-prof.
Brookltn.
shares,
Bank
Macon remits
(or
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S
*
of
exchange to cover the amount, which costs something most of the time, besides having to pay the express on
the $10,000 from Washington to Mason. Now, if the New
York bank was allowed to count this $10,000 as a portion of
its legal reserve, it would pass from the bank into the channels of trade and never find its way to Washington unless it
was mutilated and ready to be 'born again.' Circulation of
national banknotes would then be a success, and no national
bank would be unwilling to issue notes to the full limit of
its capital so long as there was a demand for money from its
customers." Representative Levy, of this State, evidently
entertains the same views, as he has introduced a bill providing that national bank notes may be counted as part of the
Dec.
Share*.
The American National Bank
New York
i
1 to Deo. 31.
Jan.
3
;
1895.
Jan.
26 days
98 days
2-11 '365 days
Year's average
days
days
days
days
dav8
days
days
Year's average... 2-79 365 days
1893.
1 to Jan. 26. 3
Jan.
i 2hi
Jan. 26 to May
May 4toMayH. 3
May 11 to May 18.1 3ia
May 18 to June 8.14
June 8 to June 15. 3
June 15 to Aug. 3. 2^
20
13
64
35
133
21
79
is
[YoL. LXXII.
$
$
11,156,690
1,503,509
1,404,391 10,063,708
1,360,791
9,431,984
1,298,252
9,576,194
1,279,324
8,745,569
1,200,302
7,880,490
1,174.947
7,098,577
1,118,924
6,094,962
Aggregate
hesources. ^Priee-^
fiid.Ask
$
13,726,376 350 ....
12,698,212 330 338.
12.038,413 338 ....
12,146.431 290 ....
11.221,661 256 ....
10,280,951 250 260
9,435,951 240 ....
8,316.055 230 240
The foregoing serves to give emphasis to the fact we have
mentioned, for the figures show that during the period of
three and a half years embraced by the statement each
semi-annual return, with scarcely an exception, has recorded
larger totals than its predecessors— and this, too, in all the
items taken. On June 39 1897 the deposits of the People's
Trust Company were only $6,094,962; now the amount is
In the same interval aggregate resources have
§11,156,590.
The company paid 133^
risen from $8,316,055 to $13,726,376.
per. cent on the stock in 1900 and 123^ per cent in 1899 (dividends being one per cent monthly, with an occasional extra
distribution), and at the same time has steadily and decidedly
enlarged its surplus account. It will be noted that the aggregate of surplus and undivided profits is now $1,508,509,
The shares have of
against $1,118,924 on June 30 1897.
course correspondingly advanced in market value, being now
quoted at 350 bid, against only 230 in June 1897.
—
Edwin R. Lancaster, who for several years past has conducted an investment business, making Southern securities
a specialty, has become a partner in the New York Stock
Exchange firm of Dickinson, Grummon & Co., 10 Wall
Street, New York, and 751 Broad Street, Newark, N. J.
—
The National Bank of Commerce of Toledo has increased its capital stock from $250,000 to $500,000, and its
surplus fund from $60,000 to $130,000, all of which has been
paid in, as was indicated in our issue of December 15 would
be done.
—Rolston & Hooley is
the firm
name
of a
new
copartnerS. Hooley,
ship composed
both of the old New York Stock Exchange firm of Rolston &
Bass, and Peter W. Martin. Mr. Rolston is the Stock Exchange member. The new firm will continue business at the
old offices. No. 16 Broad St., New York.
of
William H. Rolston and Edwin
servOiWould continually be under the legal requirements. For
example, see how this endless chain works The Amer
lean National Bank of Macon, Ga,, puts $10,000 of its notes
in circulation by shipping them to Savannah; the Savannah
Bank ships this same package to New York; the New York
—The New York Produce Exchange Bank of this city has
bank cannot count this money as a part of its legal reserve,
quarters at 93d Street and Columbus Avenue, where
secured
the
SubTreasury
over
to
and
is
sent
silver
so the package
bank is to be opened for business as soon as the
branch
in
exchange
therefor.
The
Sab- a
certificates are obtained
Treasury sends the package to Washington and the Treasury necessary alterations in the offices can be made, Forrest H.
Department sends the same package back to the American Parker is the President of the New York Produce Exchange
National Bank of Macon, and one revolution of the " chain" Bank and William A. Sherman is the Cashier.
*
*
:
February
THE CHKONICLE.
2, 19C1,]
—The West End Trust &
Safe Deposit Company of Philacolored
photograph of its new build,
delphia has sent us a
ing. The photograph is in very attractive form and brings
out in bold relief the fine points of the building. It is en
cased in a neat frame and altogether makes an attractive
adornment, besides being very creditable to the insti.
tution. We migb b perhaps say that the officers are a trifle
modest about giving prominence to the name of the company this is printed on the picture in a neat way. but not
at all so as to be conspicuous. The building itself is a fine
one and lends itself well for making display. The management are to be congratulated upon having such a handsome
new home. The company has also sent us a statement card
showing its condition at the close of business Dec. 31 1900.
The occasion makes it appropriate to institute comparisons
with the preceding statements to show the growth which
has taken place. The company was organized about nine
years ago. The following statement indicates its progress
during the last four years
office
;
:
WkstEndTr.
Surplus <e
Oap-
A Safe Dep.
ilal.
May 171900.-500,000
Not. 29 1899. .500,000
June 30 1899. .454,680
Nov.
3 1898. .375,126
May 17
May 18
1898. .300,000
1897. .300,000
Nov. 17 1896.-300,000
*
Deposits.
$
$
$
PiiiLA.
Deo. 31 1900. .500,000
Nov. 19 1900. .500,000
Aggregate
Oross
Profits.
Price-
,
Per share.
Bid.
Ask.
$
"71
2.405,527 ....
*70J4
2,445,473 ....
*70
2,076,769 ....
'71
1,963,172 ....
1,508,035 ....
*64k
*55
1,196,948 ....
*65
1,168,676 ....
1,114,755
55
56i«
1,072,520
55
Retources.
177.452 1,728,075
176,661 1,766,292
169,805 1,406,964
154,746 1,250,869
156,425
884,518
147,545
671,087
137,825
729,942
142,944
670.747
134,470
635,825
As
be observed from the foregoing the deposits*
which towards the close of 1896 amounted to only $635,825,
had at the end of 1600 risen to $1,733,075. In the same interval aggregate resources increased from $1,073,530 to $2,405,The total of surplus and undivided profits stands at
527.
will
$177,452 as against $134,470 at the earlier date. Some sales
of the company's $50 shares were recently made at 71. In
was 55. Horace A. Doane is the President,
Chahoon is the Vice-President and Charles E. Wol-
1896 the price
Joseph
S.
bert
the Secretary.
is
—The
changed
firm of
its
by making George W. Lubke
Second Vice-President and J. H. August Meyer Third VicePresident. Mr. George F. Durant has been retained as
A. A. B. Woerheide is President,
First Vice-President.
Charles Hamilton, Secretary, and J. C. Garrell, Treasurer.
vice-presidents
name
John
C.
to King,
KiDg'& Co.
Hodenpyl
&
of Chicago,
Co.,
111.,
has
Anton G. Hoden-
pyl of Grand Rapids, Mich., having become one of the members. Mr. Hodenpyl is also Vice-President of the Michigan
Trust Company of Grand Rapids and President of the Grand
three,
to
—A "Balance
Sheet of Richmond Banks," recently pubby Messrs. Scott & Stringfellow
of Richmond, Va., shows some interesting comparisons be-
lished in a circular sent out
tween the figures for March
1898
and January
1 1901.
In
than three years the total resources have
grown from $17,521,481 to $28,431,588, an increase of 63 per
cent. Capital, surplus and undivided profits combined have
increased from $6,351,567 to $8,611,797, a change of over 35 per
cent, and the deposits, which on the earlier date amounted to
$l0,915,156,were on January 1 of this year over $18,0G0,C00, a
1,
this period of less
growth
of 65 per cent.
well-known banking house of Josiah Morris & Co.,
Montgomery, Ala,, suspended business on .January 26
owing, as claimed, to their inability to make quick realization of large assets and also to the shrinkage in the value of
these assets. The liabilities of the suspended bank are stated
The city of Montgomery had on deto be about $800,000.
The county of Montgomery
posit in the bank $89,530 44.
—The
also'had a large
sum
($144,184) deposited in the bank,
made
up principally of the proceeds of the sale on .January 7 of
$100,000 highway improvement bonds, which were awarded
to Josiah Morris & Co. and the money placed on deposit in
the bank.
—Mr.
Sale price.
223
T. A. Stoddart,
House, in a
Manager
of the St. Louis Clearing
has brought together some interupon the advance which St. Louig
strength and material prosperity. One
little circular,
esting statistics bearing
has
made
in financial
noteworthy facts disclosed is the great expansion during
the last decade in the city's banking power and resources.
In December, 1900, the St. Louis banks showed aggregate re-
of the
sources of $156,698,398; ten years before the amount was only
Still more striking has been the rise and prog$70,364,685.
ress of the trust companies.
In December, 1890, the combined resources of all the trust companies in St. Louis were
only $3,467,372; December, 1900, finds the amount up to $50Taking the two classes of institutions together, re169,239.
now
sources are
before.
St.
$206,867,637, against $73,832,057 ten years
Louis bank clearings in 1900 reached 1,888
million dollars, against 894 millions in 1887.
—
Rapids Railway.
The Merchants' National Bank of Baltimore has had an
expert examination made of the affairs of the institution by
Messrs. Patterson, Teele
Dennis, of New York and Baltimore, certified public accountants, This examination, of
course, is supplemental to the periodic examinations under
new trust company, to be called the Copley Square the direction of the Comptroller of the Currency. The audit
Trust Company, is being organized in Boston and is to be- by Messrs. Patterson, Teele & Dennis has been most thorough,
gin business in the Pierce Building, formerly occupied by the the accountants having spent a great deal of time at the
Back Bay Post Office, as soon as the rooms can be remodeled work. As was expected, they found the affairs of the bank
and put in shape. The company is to have a capital of half in excellent shape and the books and accounts correct. The
a million and a surplus of $250,000. Messrs. Richardson, step, of course, was taken simply to safeguard the interesta
Hill & Co. and George E. Armstrong
Co. are promoting of the institution. The President, Douglas H. Thomas, is
quoted as follows in the newspapers with reference to the
the undertaking.
—The Hon. John
D. Long, Secretary of the Navy, was
elected a member of the board of directors of the United
States Trust Company of Boston at the company's annual
meeting this week.
&
—A
&
—During the six months ending with December
there was a further net addition of 16 to the number
banks in Iowa and a further addition of over
6^
31
1900
of State
million dol
The growth and mol
in Iowa has been one of
lars to the aggregate of their deposits.
tiplication of these State institutions
the noteworthy features of the last decade. There are now
464 State and savings banks in Iowa last June the number
was 448 on June 30 1890 it was but 164. Deposits stand at
;
;
which compares with $91,147,055 last June and
with $25,773,992 ten years before on June 30 1890. Combined capital for Dec. 31 1900 is $18,531,900 on June 30 1900
it was $18,054,900
on June 30 1890 no more than $8,824,243,
We take these figures from the report of State Auditor
Merriam.
$97,971,333,
;
;
matter
:
We have taken what I believe to be a new departure In banklnK oastoms. In that we have had a thorough overhauling of the affAlrs of the
bank In order to assure ourselves beyond doubt that no irrei;alaritiea
nor discrepanoles exist in any department. There has been no suspicion upon our part, nor has the examination been made because of
anything tending to raise a doubt lu our minds oonoernlDg anything
or anybody connected with the bank. It Is simply the Inception of a
system which we purpose to adopt in the future of makln:; periodical
examinations of a similar nature independent of those made by the
board of directors and the National Bank Examiner.
The expediency was suggested to me by many things, not the leaat
of which has been the discovery by other banking houses of defalcations covering periods of many years upon the part of employes who
were thought to bo above suspicion. Under the system which we have
adopted such long continued manipulation of hooks and at'counts will
be Impossible, and the consequent danger of breaches of faith upon
the part of employes in all branches will be reduced to a minimum, if
not prevented entirely.
It it
New York banks in &
have had similar examinations made in
perhaps proper to say that our
number
of instances
—Mr. JnliuB S. Hawley has been elected President of the
National State Bank of Troy, to succeed Thomas Colwell,
who declined reelection after serving ten years. Mr. Hawley has been in the bank's employ for forty years, having
held the position of cashier for fifteen years. Mr. Henry
Colvin, formerly Assistant Cashier, has been made Cashier.
of Seattle was on January
receiver. The action
temporary
hands of a
the majority
between
seems to be the result of differences
in which
suit
and minority interests in the institution. The
the receiver was appointed was brought by John Collins,
—The stockholders of the Lincoln Trust Company of St.
Louis, Mo., at their annual meeting increased the number of
company.
the past.
—The
Fidelity Trust
Company
22 placed in the
who
own a majority of the $100,000 stock of the
Hearing has been set for February 13.
claims to
THE CHRONICLE.
224
—The Morristown Trast Company of Morristown, N. J.,
in its statement for Dic. 31 1900, shows a further increaee
in business, and also a farther addition to the surplus account. The de-pD&its now amount to $3,286,088, against $3,279,258 a year ago, $1,660,6S1 two years ago and |1,002,571 at
the beginning of 1897. Surplus and profits have been steadily
enlarged and now aggregate |608,161, as against $537,918 at
the beginning of 1900 and but $90,321 at the beginnini< of
1897.
At 1608,161 this item of surplus and profits is more
than double the amount of the capital stock of §300,000, At
the same time quarterly dividends of 2)^ per cent are being
paid. The oflBcers of the institution are President, Samuel
Freeman; First Vice-President, Aurelius B. Hull; Second
Vice President, Willard W. Cutler; Sscretary and Treasurer,
Jno. H. B. Coriell, and Assistant Secretary and Treasurer,
fVOL. JLXXIl.
—George G. Williams, President of the Chemical National
Bank, and William A. Nash, President of the Corn Exchange
Bank, both of whom, it may be noted, are members of the
Clearing House Committee, sailed on Thursday on the
Augusta Victoria on a trip to the Mediterranean. H. O.
Havemeyer also accompanied the party. They will probably
be absent until early in April.
—At the
Building
annual meeting of the
Company on Thursday
New York
Clearing House
the following directors were
George G. Williams, F. D. Tappen, J. Edward Simmons, E. H. Perkins Jr., and Damont Clarke. The inspectors of election were William J. Gilpin and Henry A. Smith.
elected:
—The Stock Exchange Governing Committee on Wednesday rescinded its previous decision to close the Exchange
from 10 to 11 o'clock on the day of the funeral of the Queen,
H. A. Van Gilder.
which date had not then been fixed, and inasmuch as the
—The Ciocinnati Trust [Company has elected Guy W. funeral
will take place on Saturday, it was decided to close
Mallon to the presidency of the institution. This completes
the Exchange entirely on that day.
the organization of the company. A list of the other
The Produce Exchange and the Cotton Exchange, and
oflBcers and the board of directors was given in these colindeed all the commercial exchanges except the Coffee and
umns a few weeks ago.
the
—At the annual meeting of
the
Wade Park Banking Com
pany of Cleveland, held recently, the entire Board of Directwas re-elected. The officers. President Frank Rockefeller,
Vice-President B. L, Pennington, and Iri Reynolds, the
Secretary- Treasurer, were also re-elected.
ors
— The capital gtock of the Central Bank of Lexington, Ky.,
has been reduced from $200,000 to $100,000, in accordance
with the announcement in our issue of November 24.
—Hawaiian
Mercantile,
be
will
closed to-day
(Saturday).
The
Maritime Exchange will also close. The Chicago Board
of Trade and the Philadelphia and the Boston Stock
Exchanges will likewise be closed to day, as also will
be the leading Southern Exchanges. Several business
houses in the dry goods district will practically close up,
though the oflaces will be open until later in the day for thereception of drafts that may be presented by the banks. The
managers of the Mercantile Exchange explain that their
omission to close the board is due to the fact that perishable
goods and other railroad freight will have to be handled.
sugar stocks have long been a specialty of
& Co., stock and bond brokers, of San Fran—Edward S. Schenck, who for the past seven years has
cisco, and they are now planning to place on the market here
the more prominent of these stocks. This firm, it is stated, been President of the Hamilton Bank, a State institution
was the first to secure consideration for sugar stocks on the with a capital of $200,000, located at 215 West 125th Street,
was on Tuesday elected a director preliminary to his elecSan Francisco Exchange.
tion yesterday (Friday) to the Vice- Presidency of the NaWe have received a copy of the statement of the Inter- tional
Citizens' Bank.
Mr. Schenck wiil temporarily remain
national Trust Company of Denver, Colo., for January 2.
as President of the Hamilton, but when he takes his posiThis statement shows a further increase in the business and
tion as Vice President of the Citizens' he will be an active
resources of the institution. Here is the compan]?'^ record
Edward PoUitz
—
for the last
two
International
Te. Co., Denver.
July
2 1900
Jan.
2 1800
The Hamilton Bank,
Jurplus
2 ItOl
Jan.
executive officer of that institution.
years:
t£
Capital.
profits.
Deposits,
$2^0,000
250,000
250,000
$153,870
142,381
131,101
120,208
110,816
$2,458,258
2,311.363
1,729,589
1,567,674
1,251,322
July
11899
250 000
Jan.
3 1899
250,000
may
be noted, is controlled by inwith
the
Mercantile National Bank,
Resources.
of
which
Frederick
S.
Schenck,
brother of Edward S., is
$2,869,428
2,711.245 President, and he is also Vice-President of the Hamilton.
2,118,191 The latter bank has been quite successful, and the statement
1,945,383 of January
21 showed a surplus and undivided profits of
Aggregate
Qross
it
terests closely identified
1,619,668
$91,021.
thus be seen that in the two years gross deposits
—On Monday a meeting of the Clearing House Committee
have just about doubled, being now $2,458,258 against
of the Associated Banks was held to consider the new bank
$1,251,322 on January 3 1899. Aggregate resources at $2,869,tax law to which reference was made in this department last
428 compare with only $1,619,668 on January 3 1899. Since
week. J. Edward Simmons, President of the Fourth Nathe earlier date the amount of surplus and undivided profits
tional Bank, in the course of his remarks declared that the
has risen from $110,845 to $153,670. The executive officers
measure, if enacLed into a law, will impose severe addiof the International Trust Company of Denver are D H.
tional taxation upon banks, and will leave these institutions
Moffat, President; F. B. Gibson, Vice-President; C. E. Dickat a great disadvantage compared with other classes of
inson, Secretary, and F. B. Spalding, Assistant Secretary.
financial companies. The Clearing House Committee apMessrs. Stedman Buttrick of Boston and J. Bradley pointed a sub-committee, consiiting of J. Edward Simmons,
Cumings of New York have been admitted as members of Frederick D. Tappen and George F. Baker, to represent the
the well-known house of Estabrook & Co. of New York and Clearing House at the legislative hearing, in opposition to
the bill.
Boston.
The " New York Times " on Monday, in an editorial upon the
Messrs. Edward B. Smith & Co., the well-known Philadelphia banking house, have opened handsome offices in the new tax bill, presented some striking illustrations of the unnew building of the American Exchange National Bank, just features of the measure, showing the burdens which
Corner Broadway and Cedar Street. The firm are members would be imposed by it upon banks with large surpluses,
of the New York and Philadelphia Stock Exchanges. The such as the Chemical and the Importers' & Traders', the
partners are Edward B. Smith, Francis E. Bond, George W. dividend of $150 per share in the case of the Chemical being
reduced, through the tax, to $126 07, while the dividend of
Norris and John S. Jenks Jr. The house is an old estab
prestige
lished one, and enjoys the
of years of successful $30 per share of the Importers' & Traders' would be simibusiness in Philadelphia. Mr. Smith is the Board mt mber, larly reduced to $14 93.
It will
—
—
:
Mr. Jenks will be the resident partner in charge of the New
the bond interest will be in care of Stephen
York house, and
Van
Rensselaer Jr.
— Messrs.
changed the
,
&
Co.,
style of the firm
from
Otis,
Wilson
—Henry W. Ford, who was President of the Mational
Bank of the Republic from Jan. 1 1879 to May 1884 died at
his home in Morristown, N. J. on Tuesday, in the seventy-
Chicago,
Otis,
who
recently
&
Co., have
Wilcox
third year of his age. Mr. Ford began his service in the
above-named bank in 1852 as a clerk, rising successively to
handsome offices in the Temple, 182 La Salle the positions of Teller, Cashier and President. He was sucWalter
H. Wilson, the new member in the firm, ceeded in the latter office by Hon. John Jay Knox.
Mr.
Street.
Mr. Joseph E.
An Imperial ukase has been issued at St. Petersburg exis a well-known Chicago real estate operator.
Otis Jr. is the board member on the New York Stock Ex- empting foreign holders of Russian 4 per cent rentes from
change.
all taxation on the income derived from these securities.
moved
into
—
February
3, 1901.]
THE CHRONICLE.
—
William W. Woods, who was formerly in the credit department of the Importers' & Traders' National Bmk and
who later became Cashier of the National Citizene' Bank, has
accept the Vice- Presidency of the
Mr. Woods's long experience in
Central National Bank.
his intimate acquaintance with
and
Metropolitan banking
business men, as well as his thorough knowledge of mercantile credits, make him a most valuable acquisition to the
Central National. He will be the active Vice-Prceident.
left the latter position to
3il0uetarsig (£>0mvx!^cinV^n^lisUMtxoi^
^^^^^^^^'V^'^Xf^^^^'S^/^^^'^^^^n^'^^^
[From oar own oorrespondent.]
London, Saturday, January 19, 1901.
Contrary to general expectation, no failures have occurred
during the fortnightly settlement on the Stock Exchange,
which ended on Wednesday last. Immediately after the
preceding settlement 20 firms in the Stock Exchange were
declared defaulters because the London & Globe Finance
Corporation was unable to pay its differences, and it was
feared that these failures would bring down other members
at the settlement just over. Happily the interval between
the last settlement and that immediately preceding was exceptionally long. The firms in difficulties had time, therefore, to obtain assistance; and as a matter of fact the help
was
given.
now hoped that unless something unexpected happens
the worst consequences of the break-down of the London &
Globe, so far at least as the Stock Exchange is concerned,
are over; but business on the Stock Exchange continues very
restricted, and there is a feeling of nervousness partly because the accounts open on account of embarrassed firms
are being closed, but mainly because nobody knows what
will be the ultimate decision respecting the London &
Globe, and how that decision may affect the Stock Exchange.
On Monday last the adjourned meeting of shareholders of
the London & Globe Finance Corporation was held, and it
was agreed to wind up voluntarily and reorganize, the new
shares bearing a liability of 5s, The Managing Director said
that the 58 per share if called up would give half a million
sterling, and that the sale of certain properties belonging to
the corporation which were then almost completed would
yield another half million, or nearly that amount, and that
these two sums would enable the corporation to meet all its
engagements. Still, he did not say when the money would
be paid, and that of course continues the embarrassments on
the Stock Exchange. On Wednesday one of the creditors
who refusps to accept the terms offered by the London &
Globe applied for a compulsory liquidation. The applica
Tne decision of the Court is
tion was deferred till to-day.
naturally awaited with much anxiety.
Meanwhile the perplexities are increased by the beginning
of legal proceedings on the part of the liquidators of the
London & Globe against the syndicate which agreed to lend
that corporation £450,000 in the middle of December. Tne
corporation says the syndicate broke faith with it. The
syndicate reports that it was the corporation which failed to
keep its promises. The proceedings will probably bring out
all the facts relating to the break-down of tae London &
Globe; but in the meantime they increase the anxieties of
the Stock Exchange. The practical result is that business
upon the Excbango in almost all departments is restricted
and quotations continue very low. Another cause weighing
upon the market for the moment is the belief that the new
Government loan for 10 millions sterling will be brought out
immediately; and ot course the city pnolic is preparing for
its appearance.
On the other hand there is a much better feeling in Germany. Since New Year's Day the authorized issue of the
Inipbrlal Bank of Germany has been increased by eight millions sterling under the new charter, and the power of the
Bank to issue notes to such an extent reassures the public
and makes them bflieve that money will be kept easy and
plentiful. The German public is turning away from industrials and mortgage bonds, in regard lo which their experience has not been happy, and are again investing largely
in Government securities. The Grand Dachy of Baden loan
was a great success. It was covered about twenty tim-s
over.
The Kingdom of Bavaria has likewise borrowed
with great success; and this week Saxony is issuing another
loan, which is expected to be equally successful.
Moreover, German capitalists and still larger numbers of
French capitalists are buying South American securities in
this market, especially the securities of Argentina and
Brazil.
The unification of all the Argentina loans held
abr< ad is being prepared for, and in the belief that it
will be effected there has been good buying going on for
some time. In France, moreover, Brazilian stocks are coming into favor, as the impression is gaining ground that the
Administration in Brazil is improving the finances materiIt it
225
and that before loig it will be able to resume the full
payment of the interest on th^ debt. Toere has been some
buviog, likewise, of Mexican and Chilian bond".
ally,
Money has been in exceptionally great demand for the
Stock Exchange settlement thi^ week. S) mach so, inde«?d.
that very large amounts were borrowed from the Bank
The buying was to a very con( f England at 53^ per cent.
siderable extent precautionary. Everybody feared difficulties on the Stock Exchange, and everybody, therefore, desired to be prepared for contingencies. As already said,
however, the difficulties did not occur, and rates have in
consequence fallen away for the time being. The rise in the
Bank rate to 5 per cent and the belief that difficulties might
occur in London have attrasted very large amounts of
money from the interior to London, money which previously
had been employed locally. The return o? coin and notes in
consequence of this is excepMonally great. There has been a
large addition made to the Bank reserve, and its proportion
to liabilities is now fairly satisfactory; but it is to be recollected that a Government loan for 10 millions sterling is impending, and that must have a very considerable influence
upon the market; and furthermore, from now until the
middle of March the coUec'ion of the reveaue will be on an
enormous scale. Practically nearly the whole of the income
tax is collected in the quarter ending with March next,
a rather unfortunate arrangement, as it disturbs business
considerably. For the moment, however, its effect will be
to give control of the open market to the Bank of Eagland
and consequently to enable the latter if it pleases to make
the five per cent rate effective and sd attract gold from
abroad.
The foreign exchanges are already turning in favor of the
Bank, and the probability seems to be that some gold will be
attracted from abroad. As yet, however, very little has
come except that £200,000 have been shipped from New York
to Paris, thus lessening the Paris demand upon London. In
the meantime as money is so much more valuable here
than in Paris the French banks are increasing their holdings of sterling bills; and as the tendency all over the
Continent is for money to accumulate at the great banking
centres, and consequently for rates to decline, it is probable
that during the next two months the value of money here
will be much higher than upon the Continent, and therefore
the likelihood of gold being attracted is increased.
The India Council continues to sell its drafts very well.
On Wednesday it offered for tender 70 lacs, and the applications exceeded 216 lacs. The whole amount offered for tender
was allotted at prices ranging from Is. 4 1 321. to Is. 4 3 32d.
per rupee. Later in the day a small amount was sold by
special contract at Is. 4 1 16d. per rupee.
The following return shows the position of the Bank of
fingland, the Bank rate of discount, the price of consols, &c.
1901.
Jan.
Jlrcnlatlon
?nbllc deposits
Jther deposits
government securltleB
Other securities
Seserre of notes and ooln
;oLn
£
BS.222,825
10.691.554
43,611,1^6
1»,U67,157
30,151,b21
43,714.740
18,097,471
8l,i e2,744
19,825.016
31,l«9,331
3-tJi
t
429-16
*4^
10C5^
293-lUd.
19.
34,B3«,85y
5
227,067,000
January
1898.
Jan.lt.
18.
H
3i
28,1I3.42.S
9615 16
Jllver
January
1899.
Jan.
17.
£
Prop.re8ervetollablime8..D.o.
Sank rate
percent.
Jonsols, 3Ji per cent
iearinsr-Honse returns
1900.
Jan.
20.11M.815
7,<J.S3.652
* bullion, both departm'ts
*
16.
ees.eOO
03,873
41,118,^06
18,8«7,086
31,"61 9i'8
k2 102.«05
3i.«68 506
44 13-ia
+ }4
2fl
8,'
87.023 396
11.44",2!S
888i5.244
li.C23.u3B
8».r'4
132
'
21.890,791
82.1Ifl,18g
43?^
8
118P-ie
875-101
1115-16
2'Ha.
198,2.'3.000
199,603.000
171,777,000
*e%l
19.
Ens21sli Financial market*— Per Cable.
The daily closing quotations for securities, etc., at London
4re reported by caole as follows for the week ending Feb. 1.
Loin>ON.
Sat.
Mon.
Tues.
Silver, per onnoe
d.
C!on80l8.,new.2% p.cts.
2S9,g
28I4
9688
9688
Wed.
96'8
lOlbS
01-92lfl
71I4
838
4678
e7is
71ie
714
7138
8h
8ifl
46%
8>a
47 18
8738
48
87ie
Baltimore & Ohio
Preferred
89ifl
90 B,
90
8714
9138
87 14
8834
87%
90^
90%
87
Oanadian Paoiflo
Chesapeake <fe Ohio
90ifl
For aooount
ft' oh rentes (In Paris) fr.
Spanish 4s
A.naoonda Mining
4.toh. Top. & Santa Fe..
Preferred.
Ohio.
Den.
Do
&rle,
40
Paul... 155
& St.
&Rio Or., com....
32>«
do Preferred.
84^
Sill,
common
29
6478
41'8
let preferred...
2d preferred
nUnols Central
135
& Nashville,. 9088
Mo. Kan. & Tex., com.. 184
Preferred
5278
N. Y. Cent'l <fe Hudson.. 145
S. Y. OntHrlo & West'n S2I9
Norfolk <fe Western
447a
Do
do
85 Hj
pref,
Northern Paciflo, com.. 8408
Preferred
88'4
Pennsylvania
7414
LonlBville
•Phlla.
&Kead
le^
•Pmia. <k Read., let pref.
& Iiead.,2d pref
southern Paoiflo
<onth'n Railway, com..
Preferred
3(^38
•Phila.
Onion Pacific
Preferred
<Vaba8h
Do
preferred.
Do
*
Del).
"B"
;
21B8
4514
19^8
7-2^
85Vt
..
rrioe per snare.
161
33I4
8514
2938
66^4
43>fl
135
9288
1838
5478
145 >4
32>a
46»e
86I4
8638
89%
75
1688
3638
2188
45>«
21
73 »4
S9'«
155»4
32%
85J4
i!8%
6*^
42 1«
13514
9188
1838
5.'>i4
145
38
4678
»4
8ifl
91i«
3978
1551a
32%
86H
2«>9
65%
42 •«
88
91I9
39-8
154 I3
32I4
85I4
28I4
64i«
92
4038
156
33
8518
2914
6514
43
4,i
135i«
X130
93
x90%
19%
I8I4
55I9
147
3238
46i8
5014
89i«
9214
88I4
88>s
9II4
'4
129ifi
gi'e
19%
57
147%
57
1481s
3214
45ie
32 7e
4578
86
65 «>
b6
86
8488
8488
8>i%
69^
74%
75
1618
3579
21i«
36^
89
74 14
16
36
89
2II9
47
2038
21ifl
48>il
21%
22Ste
72%
7S»B
7488
8688
35 »«
15"28»*
ISifl
28 \
29
28%
47%
4778
48
8I3
48%
85>4
85»«
1388
8tSJ4
7139
85»fl
8538
85>a
13>«
85
..
40i«
Fri.
27%
27i6u 28
96Ui( 96%
9611,6
96 he 97I18 97
0i07is 102 00 02 12i« 02121*
28 38
9688
9688
96''8
Thur$.
74>«
16»4
3618
85%
85%
137g
2888
4314
4S^
4S
'
21 19
&OI4
233?
1
75%
j
87>e
86
14
!
38%
48 >4
.
:
.
THE CHKOMCLE.
226
Imports and Exports for the Week.— The following are
the imports at New York for week ending for dry goods Jan.
24 and for the week ending for general merchandiee Jan, 25.
FOBEION IHFOBT8.
For week.
1898.
1899.
1900.
1901.
$2,740,412
8,359,821
$2,550,658
7,383,966
$3,315,400
8,162,156
$2,721,930
5,950,700
$11,100,233
$9,934,624
$11,477,556
$8,672,630
$10,013,525
33,456,224
$10,884,084
28,165,224
$9,711,325
28,787,027
$9,870,078
24,383,525
Xotal4week8.. $43,469,749
$39,049,308
$38,498,352
$34,253,603
Dry OoodB
Gen'l mer'dlse
Total
Since Jan. 1
Dry Goods
Oen'l mer'dlse
New York City Clearing; House Banks.—Statement of
condition for the week ending Jan. 26, based on average of
daily results.
We omit two ciphers (00) in all cases.
BANKS
Capital. Surplus.
yor the
$12,081,753
34,033,067
$9,408,139
37,048,822
Total 4 weeks.. $46,114,820
$46,456,961
-week.
Prev. reported
$8,050,107
28,356,627
$8,351,616
34,775,988
$43,127,604 $36,406,734
200,0
600,0
300,0
Leather M'f'rs..
Seventh
Stateof N. T....
American Bzoh.
1,200,0
6,000,0
10,000,0
1,000,0
1.000,0
Pactflo
422,7
Republlo
1,600,0
Chatham
460,0
200,0
People's
North America..
Hanover
Irving
1,000,0
8,000,0
600,0
600,0
600,0
900,0
...........
Citizens'
The following table shows the exports and imports of
specie at the port of New York for the week ending Jan. 26
and since Jan. 1, 1901, and for same periods in 1900 and 1899.
BXPOBTS AND ntPOBTB OF 8PB0IB AT MBW TORK.
Imports.
Mxporls.
Bold.
Since Jan.l
Week.
Week.
Since Jan. 1.
Nassau
MarketA Fulton
& Leather.
Com Bxohange..
Shoe
1,000,0
1,400,0
Continental ..... 1,000,0
Oriental
300,0
tmp't'rs'A Trad. 1,600,0
Park
2,000,0
East River
Fourth
260,0
3,000,0
1,000,0
300,0
Central
Oreat Britain
Second
France......
Oermany
West
........
...........
$4,0'67,303
$5,715,975
Indies.........
Ninth.
28,240
6,000
10,000
Me'i^oo
Bonth America
$2,395
14,295
9,598
$141,200
N.T.Nat'lExch.
21,971
54,195
3,2C0
German Ameri..
600
All other countries.
$4,067,603
59,859
89.300
$26,888
42,776
158,018
$5,755,215
5,094,346
1,430,724
$220,566
183,968
1,978,360
Imports.
Exports.
Silver.
Since Jan.l.
Week.
Great Britain
FraDoe..............
Germany
Since Jan.l.
$3,565,106
179,868
"M03
23,614
1.000
$2i',i6i
""766
""766
40
All other countries.
Total 1901
Total 1900
Total 1899
Week.
$1,066,460
179,868
West Indies
Mexico
Bonth America
$1,248,497
1,060,072
1.004.733
900
$3,771,253
3,247,956
3.955,723
»31,361
155,623
67,084
1,460
83,904
$105,105
83,557
BANKS.
GapU
(OOs omitted.)
toL
68.391
Leg. T. Deposit, with
Net
Invest- Specie &B'k. Olear'g Other Depoitti
ments.
Notes. Agent. Bks.Ac
Swr- Loans &
Vlua.
Borough of
Manhattan,
Sermanla
200,0
300,0
etarfleld
200,0
Fifth
200,0
Bank of Metros.
800.0
West Side
200,0
Seaboard.
600,0
Western
2.100,0
1st Nat., B'klyn.
300,0
LlberW
600,0
N. T. Prod. Ex.. 1,000,0
NewAmsterdam
260,0
Astor.
360,0
Hide
Leather.
600,0
Lincoln
A
Columbia
Eleventh Ward.
Fourteenth Street.
Oansevoort
Hamilton
Mount Morris
Mutual
Nineteenth Ward.
Plaea
Riverside
State
Twelfth Ward....
Twenty-third W'd
Union Square
YorkvUle
.,
FideUty
Vailck
100,0
300,0
100,0
100,0
200,0
200,0
260,0
200,0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
100.0
200,0
100,0
<
128,3
194,7
120,0
66,2
30,4
102,4
69,6
136,8
69,2
176,9
116,4
238,0
64,8
69,8
361,3
180,2
23,8
98,4
60,0
t
1406,8
2101,0
1013,4
1165,6
668,4
1340,4
1870,3
1293,1
1289,8
2380,0
1000,8
2989,0
1113,3
946,8
2091,7
1413,0
482,4
310,4
26,8
124,6
169,3
161,0
43,3
67,7
63,8
493,6
366,9
203,1
16,3
686,9
676,7
121,7
126,9
63,4
76,9
236,4
63,7
69,4
49,9
1061.8
1173,6
1132,4
330,8
624,4
642,3
2704,3
2780,6
970,6
608,9
3949,0
2494,0
770,7
899,4
470,9
466,2
1064,7
437,6
681,8
706,0
%
43,8
138,0
46,6
60,6
7,5
76,8
113,0
41,1
26,8
129,0
16,4
283,0
32,8
46,b
66,5
89,7
16,3
8,0
$
130.3
108,0
60,8
44,6
39,2
83,1
87,9
118,8
138,8
161,0
84,8
142,0
162,2
95.9
200,9
133,8
12,0
18,0
10,6
t
228,8
164,0
376,4
213,0
84.4
121,2
206,6
177,2
216,9
7,6
66,0
131,0
113,9
75,2
642,7
80,0
46,4
37.6
108,6
I
1603,0
263,0 2416,0
1387,7
1395,5
6"7,6
678,4
1600,1
6'i.6 2388,6
2 1306,0
6,1 1714.4
2421,0
1023,2
323,0 3818,0
36,0 1693,3
42,6 1082,1
2763,6
36,0 1481,2
1,3
393,4
233,3
113,"4
101,4
Broadway
Brooklyn
Eighth Ward.
Fifth
Avenue
Kings County
Manufaot'rs' Nafl.
Mechanics
Mech'8' A Traders'
Merchants'
Nassau National..
National City
North Side
People's
Schermerhom
Seventeenth Ward
Bpragrue National
Twenty-sixth W'd.
.
Union
Wallabont
Borough of
Richmond.
Bank of Staten Isl
i8tNat.,Staten Isl
Other Citiet.
1st Nat., Jer. City.
Hud. Co. Nat., J.O.
SdNat., Jer. City..
3d Nat., Jer. City..
.St Nat., Hohoken.
d Nat., Hohoken.
160,0
100,0
300,0
100,0
100,0
160,0
262,0
600,0
100,0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
17,7
96,7
18,4
90,2
63,0
34,8
12,9
23,8
27,8
26,0
29,2
20.9
327,6 181,6
164,8 116,2
22,6
64,1
6,3
83,6
163,0 810.0
142,0 312,0
13,2
56,9
33,9
36,6
19,0
30,7
9,0
42,3
95,1
10,0
16,6
25.1
24,8
49,7
36,2
16,0
167.1
210.4
189,0
43.6
62,0
70,8
869,6
176,2
100,0
6,2
1,0
11.7
18,9
66,9
62,1
9.4
440,0
670,0
41,9
42,8
190,2
66,8
223,0
36,0
87.0
204,6
67,9
16,0
60,2
103,0
62,6
63.3
42,4
29,2
39,1
3,4
1210.9
1674,7
1130.1
286.3
661,1
631,2
3197,6
3989,1
892,1
616,4
4121.0
3113,0
881,7
919,8
568,9
471,3
1026,0
418,1
603,5
699,3
Breadstnffs Figures
Brought
from
iMtiptS «t-
400,0
260,0
260,0
200,0
110,0
126,0
68,3
84,6
879,9
666,6
346,4
229,0
469,9
107,9
611,2
718,1
16,3
37,7
23,0
20,0
84,0
128,0
4831,7 239,7 263,4 1128,8
1998,8
86,2
72,0 342,0
1176.9
72,4
22,4 331,9
876,9
43,9
50,7 241,0
2032,6
97,2
13,9 188,6
818,1
66,6
64,7 227,6
10,1
679,1
722.6
918.7 6164,1
68,6 1870.3
1162,0
60,"l
986,6
10,8 1822,9
109,1 1166,0
Totals Jan. 26.. 7662,0 8676,0 61891,4 3117,8 3896.9 8690,4 3871,6 89610,3
Totals Jan. 19.. 7662,0 8626,0 83030,7 3123,613974,6 8172,6 2718,6 70291,4
Totals Jan. 12.. 7662,0 8626,0 68284,6 3196,ll4226.0 8098,0 2264,4 70610,8
Page 250.—The
Wheat.
Flour.
Corn.
Oats.
Barltv.
P-t*.
Bbls.weibi Buth.OOlb: Bush.teib. Bush.32lb> Bush.iSlbi B«.6e
38.626
191,C03
417,142
8.726,581
1,889.699
171,760
183,?6J
191.100
811.800
287.664
43.676
1,298,780
170.760
lulnth
40,981
13.600
9.750
11.260
Toledo
85,210
95.822
396.302
Oatrolt
4.000
32,204
113,061
10.185
236,811
10.315
66,508
3f6,123
378.678
3t. Lottli ....
661.836
319.400
56.250
i*«oria
20,300
6.800
lll.OCO
63,200
lfiO.800
213,000
207,700
98.200
319.483
881,100
3.056.626
6.016.981
3.1S8.10S
904,965
2,228,859
3,162.620
8.062,783
l,021.eB»
106,182
1,165.990
6.9C 8.117
2,020.588
690,629
10.104,470 116,080.761 112.240,282 91,115,519
10.186.668 181.lt5.38e 113,781.100 93.161.016
8,687,161 102.271,484 118,318.827 93,951.180
31.637,181
88.024,866
Cleveland...
Saniat City.
Tot.wk.lQOl
fame wk. 00.
Same wk.'99.
Hnet Auf.
I2)».
491,1(2
212.200
3,273
32.350
288,460
67.521
iftnneapollt.
88,600
18
0.400
10.500
.....
110.839
115,081
186.676
1.
lOOC-1901.
...
1898-1900
1898-1899.
...
3,131,189
1.010,768
7,465,816
28,233.614
The receipts of flour and grain at the seaboard
week ended Jan. 26, 1901, foUow
ports for
che
BHSipti at—
.^ewYork
Soiton
Montreal
Philadelphia
Baltimore
aiohmond
H«w Orloani*
Newport News
Norfolk
^alveiton
Portland.
St.John,
Me
N.B
Total week
VeeklSOO
,
riour,
tVMat,
bbls.
bush.
121,275
37.118
4,878
68,S54
33.236
3.730
10,738
82.229
531,300
221.969
21,610
62,904
115,766
18.016
369.000
Oats,
bush.
171,100
Corn,
bush.
784,875
330,010
jB«ri««
bush.
36,176
02,857
10.600
P3,458
113.708
17,140
108.501
674,912
1,601,116
57.770
606 231
*
"7,600
10,100
1.860
BVf,
hush
8,100
1.886
13,268
12.857
838.000
600
18,655
1,300
646,200
80,263
19,025
84,687
84,663
1.985
321,108
457,683
3,103.932
a,103.932
1.093,696
l,3ei,318
1,361,318
3.612.C63
3,612.063
1,062,252
1,853.522
1,853,522
Reoelpti do not include grain pasttng through
lorti on through bills of lading.
*
26,0
100,0
P.O.
1,046,0 14,879,0 27-2
2,168,0 23,690,0 344
1,669,0 17,639,3 28-7
687,0 12,868,0 23-6
2,406,3 26,926,0 27-7
166,0
6,603,0 28-2
6.602,6 180,412,0 83-2
2,536,6 27,287.8 33-0
536,4
6,088,1 260
992.6
908,8
6.679,0 28-3
1,199,2 33-2
47,8
361,3
264,0
238,0
3,650,0 18-8
124.8
784,8 26-7
80,1
6.269,5 31-2
1,302,2
346,1
488,9
4,422,3 22-7
618,2
321.1
4,081,6 24-7
6:19.7
3,809,0 1,602.0 21,131,0 25-6
68,44
7,894,6 6,014,9
8,8 23-7
6,252,1 36-7
1,668,4
308,7
2,818,8 1,618,2 14,199,6 27-1
8,471,2 25'4
506,3
876,3
4.178.6 1,149,3 20,437,6 360
6,712,2 27-9
884.0
989,6
2,779,2 311
189,6
676.7
2,624,8 1.043.8 14,618,7 250
9,142,1 6.339.3 61,085,9 28-3
4,676,0 81-2
796,3
636,1
776,0
206,1
8,700,0 26-4
8,292,0 26-6
619,9
367.3
7,044,2 28-2
1,160,1
840,6
8,810,9 24-8
614,1
383,7
4,270.0 2,181,0 24,188,0 26-4
88ti,8
497,4
6,366,0 36'7
379,0
2,071,0 37-8
197.0
6,176,0 1,178,0 26,013,0 26'3
17,876.0 4,137,0 65,018,0 88-8
210,4
1,631,6 39-6
397,9
4,647,7 3,309,9 27,370,8 26-4
3,073,0 2,138,0 14,141,0 86-8
943,0 10,062,0 24-7
1,648,0
268,8
3,401,0 24-6
686,7
8,877.8 1,860,0 48.161,1 24*8
304,4
3.177.1 28-3
639,6
319,0
3,437,0 20-1
873.0
386,8
3,994,9 28-9
771,8
266,1
3.564,6 24-8
630,6
10,267,0 1,886.7 47,038,0 26-8
389,0 10,193,6 26-8
3,226,0
980,9
232,2
3,490,2 84-7
402,2
4,443,6 21-0
674,6
2,237,1 1.669.4 14,993,6 26-0
263,0
7,432,4 23-4
1,477,4
172,3
464,9
2.336,7 27-2
689.6
8,196,4 21-9
1,323,5
2,824.0 26-0
376,0
379,0
3.318.0 2,154,0 16,731.0 28-1
9.869,1 2,278.8 46.686,2 286
456.0
776,0
4,382,0 28-4
426,0
6,366,4 27-8
1,344.6
4,006,6 37-6
734.9
380,6
882,2
391.0
6,872.6 21-6
836,1
360,9
4,806,0 26-9
2,418,1 83-4
728,7
66,6
8,003,0
6,969,0
3,517,2
2,268.0
6,063,7
1.392,0
38,842,6
8,481,6
1,067.7
statements below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Jan, 26
and since Aug. 1, for each of the last three years have been*
Boro'h of Brooklyn.
Bedford
Deposits gff^f
74,323,792,267,6 841,367,3 1917102 73,446,0 937,423,0 28-2
Total.
lillwaakea..
$
Colonial
1,000,0
100,0
200,0
Avenue...
German Exch...
Ohieago
City.
Washington
Chase
$255,528
257,610
274.512
Aeports of Non Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Jan. 26, based on averages of the daily result.
We omit two ciphers fOO ) in ail cases.
«Kw YOBK
Bowery
N. Y. County....
Fifth
Total 1901
Total 1900
Total 1899
760,0
600,0
300,0
260,0
200,0
760,0
First
'""300
2,074,3 16,076,0
2,114,4 18,683,0
1,190,9 14,479,9
2,261,4 12,429,0
2,980,9 22,627.6
6,020,0
241,3
6,490,3 106,226,6
6,881,7 25,135,1
6,321,8
224,6
8,499,6
1,878,3
1,053,9
85.6
2,407.0
124,i!
916,3
173,6
4,816.4
488,1
3,361,7
216,4
4,626,8
643,3
2,940.1 27,689,0
68.886.8
6,936,0
6.442,3
1,603,9
1,230,2 18.688.4
3.735.9
484,7
1,140,8 18.446,6
6,334.4
994,6
2,060,8
337,3
784,9 13,426.6
6,178,0 46.266,3
4,046,0
468,1
8,323,9
407,8
3,676,3
274,9
6,446,8
1,047,6
3,624,6
206,8
1,807,2 20,087,0
4,348,2
618,4
2.047,7
401.0
6,107,8 25,990.0
3,668,6 47,447.0
1,164,6
161,1
3,467,4 25,806,2
9,854,0
657,6
9,302,0
888,7
3,974,6
68,8
0,220,8 43,311,3
2,997,8
109.6
3.026,0
724,7
3,022,9
386.6
3,697,0
366,0
2,110,6 38,991,0
8.979,6
1,326,7
2,216,9
688,6
3,010,8
818,6
919,7 13,623,0
6,667,8
1,096,6
3,097,6
348,0
8,026,6
1,018,2
3,623,0
426,4
813,8 13,681,0
1,871,7 37620.6
4,013,0
630,8
8,246,4
604,1
4,064,9
379,2
6,234,4
414,6
4,334,0
296,4
2,860,2
326,1
2,000,0
Manhattan Co... 2,060,0
Merchants'...
2,000,0
Ueohanlos'...
2,000,0
America
1,600,0
Phenlx
1,000,0
City
10,000,0
Uhemioal
300,0
Merchants' Ex...
600,0
aallatln
1,000,0
Butch. (& Drov's'
300,0
Ueoh.<& Traders'
400,0
Mercantile
1898.
1899.
1900.
Legale.
Specie.
$
T....
The following is a statement of the exports (exclusive of
from the port of New York for week ending Jan. 28.
Commerce
BXPORT8 FBOM MBW TORK FOB THE WBEK.
Broadway
1901.
Loans.
$
Bankof N.
9-reenwlch
specie)
[Vol. LXXII.
Total receipts at ports from Jan.
1
16,881
~71.608
71,606
38 593
380,610
380,616
81,676
New Orleans
to Jan. 26
tor torelvQ
compare ai
coUows for four years:
Rsesipts
of—
noui
fheat.
Jora...
)ats...
larler.
t7«....
Total grain....
bbli.
bush.
1901.
1,518,776
1000.
1.472,411
1809.
2,061.907
1,615,161
8.091,969
18,917.841
4,976.284
681,004
171.093
6,327.880
13,311,296
5,018.666
l,88i',893
13.790.790
11.202.883
6.170,928
667,803
6,497,002
16,402,688
10,18«.803
704,111
188.121
1.061.fcl2
l.ltiS.OOS
32,818,191
1^174.646
84,986,860
84.161,833
1898.
February
THE CHRONICLE.
2, 1901.]
The exports from the
ending Jan.
Corn,
rtowr,
bv$h.
673,620
bbl$.
Wheat.
buth.
H«wYork
6J»6.efll
Boiton
8BI1.771
80,<;52
24,4t:0
Portland, M«.
Pblladelphla..
Baltimore
New
Orleani..
269.8-46
UObSMO
872,'.!85
Jobn.N.B
800
The
94 88S
40.000
80,140
61,2t8
BALTiinoKr:,
60,893
DOVGLA4
12,857
'22,229
*24!b87
608
1,UOO
ifiza
262,323
808,626
53P,741
226,717
16,881
66,746
22,9U1
18,157
8,570
17.41
292,678
week and
since
1900, is as below:
,
90
19,b&7
483,369
4S,202
96.887
28,087
282,823
Total
Total 1809-1900.. 308.626
6,558,766
6,411,149
1,898,899
1,084.067
Indies
11,771
Br.N.Am-Colo'i
Other ooontrlet
33*
WANUH, A»itiMtant
DIRECTORS.
J. C.
Cashier.
BALDWIN
WM.
JR., of Woodward, Baldwin & Co., Dry Goods CommisII.
sion Merchants.
W. a. BOWDOIN, of Alex. Brown & Sons, Bankers.
K. CAREY, of Thomas K. Carey & Bros. Co., Mill M»cbinery *
Kullroad Supplies.
CHAS. a. WEBB, of A. L. Webb & Son, Alcohol, Spirits, Oils and Naval
Stores.
ROBINSON W. CATOR, of Armstrong, Cator & Co., Importers Of Millinery
THOMAS
DOUGLAS
>-^— — Corn.
Week Binee
Week Since Sett. Week atnee Sept.
Mxfortifor
Beft.
Jan. 26
1,1900.
Jan. 28 1, 1900.
1, 1900,
With and tine* Jan. 20.
bueh.
bueh.
bbU.
bbli.
bveh.
bxuh
atpt. 1 to1,156,183 24,2l>8,868 1,400.161 40,463.280
United KinKdom 184,011 4,714,514
7ltl,780
28,478
714,229 13,268,660 1,490.671 89,174.828
Oontlnenu
21,b71
421.064
16,401
1,006
888,604
a. & 0. America.
Weit
II.
C1.O8E OF Business
and White Goods.
-wn*m.
Flour.-
f
.^ii>.,
Januaky 12th, 1901.
TmiMAH, Fieitl'lent.
WIVI. INGLE, Cashier.
At the
..
destination of these exports for the
1,
MERCHANTS' NATIONAL BANK,
6,063
7
September
STATEMENT SHOWING THE ASSETS AND LIABILITIES OF THE
Barlty
buih.
22rf.87l
531
Total week.. J. 898,389 ,3,155.111
a«inetiine'00..i,08i,oe7 3.636.811
Pta$,
buih.
Rv4,
btiih.
773.737
388,0U0
42,867
829.026
49,026
OalTsitoD.
Oat$,
bu$h.
81.934
87,680
10,812
18,556
ei,B27
69,141
&i,9d0
Norfolk
Newp'rt Newf
St.
several seaboard ports for the week
shown in the annexed statement:
26, 1901, are
from—
MtBfort$
227
223,811
41.060
11,723
114,692
881.973
140,041
665,297
87,799,027 8,166,111 81,09.1,923
41,644,102 3,686,314 86,448.664
FRANCIS
H.
E.
THOMAS, President.
WATERS, of R. T. Waters &
Son, Lumber, Wholesale and
Commission.
JOHN
GITTINGS,
8.
of
J.
&
Glttlngs
S.
Cash
»1,7TC,434 33
744,125 96
1,472,157 65
2' 1,000 00
3,633.724 52
89",2ol .51
Dae from Reserve Agents
Due from otber Ban^s and Bankers
Due from the Treasurer of U. 8
Demand Loans on Cuilaterai
Time Loans on Collateral
Bill.'j
Receivable
1,892,5.^8
Bonds Owned— other than
Bonds
O. 8.
supply of grain, comprising the stocks in
granary at the principal points of accnmnlation at lake and
seaboard ports, Jan. 26, 1901, was as follows:
visible
Wheat,
In itore at—
Mew York
Do
Corn,
bueh.
bueh.
623.000
6,835,000
25,000
afloat
Boiton
993U00
Philadelphia
Baltimore
New Orleans
613.000
802.000
846.000
cir-
527,C00 00
636,6o6
1,106,000
1,745.000
822,000
813.006
241,000
861,000
1.1>:5,000
94,000
79.000
la.ooo
Bollalo
2,858,000
1.044,000
668,000
i3,o66
871,000
Do
afloat
Peoria
IndlanapoHi
482,0d6
1.000
82, boo
S4,000
U.598,nno
8.047,000
948,C00
745,000
638.bo6
260,000
67,000
I,045,uu0
8,435,000
175,000
&78,UbU
"'i,o«id
29.000
1,627,000
6,928,000
1,788,000
891,000
888,000
183.000
285,000
8,143,000
7,000
*ii,6o6
8.000
"86.()6t
266.o66
333.000
29,000
80,000
20,000
653,000
24,000
12.000
2.000
80.000
49.001
9,000
l,O09,0OC
66,0fli6
"j»,o6b
15
001
230 non
100,000
61,000
$9,068,253 81
507,300 00
41,060 00
1,500,'"00
.
00
765,348 92
2,265,348 92
$12.781.952 73
Baltimore, Md., January 36, 1901.
hereby certify that the foregoing is a true statement
of the condition of the Merchants' National Bank of Baltimore, Md., as shown by the books at the close of business
on January 12, 1901.
The cash on hand has been verified by actual count.
The amount due from Reserve Agents and from other
Banks and Bankers and from the Trea.surer of the United
States have been verified from actual returns from the respective Banks and Bankers and from the Treasurer of the
United States.
The amount of Loans and Bills Receivable has b?en verified by actual inspection of the evidence of indebtedness.
The collateral on each loan has been examined and in each
case found to be more than sufficient to cover the amount
We
of the loan.
Jan. 20, 1001*. 60.791,000
Jan. 19, 1901*. 61,190,000
Jan. 27. 1900t. 66,596,000
Jan. 28. 1899t. 28,6s3.000
Jan. 29, 1898t. 86,602,000
14,187,000
10,164,000
11,743,000
0,641,000
1,214,000
1,217,000
14,626,000
5,832,000
1,163,000
1,7€0,00(,
27,139,000
7,025,000
1,441,000
8.336,00,
40.581,000
16,112,000
8,840,000
3.028,00<'
1,839,00.
2.011,000
Includes stocks in private elevators at Milwaukee.
tStock s In private elevators at Milwaukee not Included,
1, 1899, the New York Produce Kxchange has change^
Supply Statement by including stocks at New Orleans, Oalveston,
Ft. William and Pt. Arthur (previously omitted) and leaving oat Albany
Oswego and Cincinnati, formerly included.
Note.— Beginning July
Its Visible
All past-due paper has been critically examined and from
information obtained from various outside sources we are
of the opinion that it will realize at least the amount at
which it is carried on the books.
All bonds owned, other than United States Bonds, have
been examined and found to be in hand and the valuation
at which they are carried is considered to be a conservative one. The amount of United States 3 per cent Bonds
owned has been verified by Certificates of Deposit from the
Treasury Department.
The premium on these bonds,
amounting to over §75,000, is not carried on the books as an
asset.
is
Aaction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By
$4,653,912 10
6,314,341 71
check
Dividends unpaid
9,000
»12,781,9o3 78
lilABILITIES.
Individual Deposits subject to
Surplus and Undivided Profits.
1.609,000
On MlMlaalppl BlTer.
OnLakes
On oanal and rlTer
Five per cent Reserve Fund
Banking House and Building
Capital stock
8,000
144,uuO
606,00V
17.638,000
4.797,000
60,000
I,492,uu0
9,000
.
973,000 00
26,3.50 00
570,0fW 00
posits
Due Banks and Bankers
....
KansaiClty
•
17,000
afloat
Mlnneapolii
8t Loali
Total
Total
Total
Total
Total
Barley,
92,000
2,000
45,000
162.000
288,000
Ft-WUl'mAPt. Arthur
Dnlnth
Do
BV*.
bueh,
United States 2 per cent Bonds— to secure de-
Circulation
Oalyeston
Montreal
Toronto
Do afloat
Toledo ...
Do
afloat
Detroit
Do afloat
Ohloago
Do
afloat
Mllwaakee
afloat
Do
Oat$,
bueh,
271,000
77
260,350 00
United States 8 per cent Bonds— to secure
culation
The
Bankers.
Co.,
ASSETS.
Messrs. Adrian H. Muller
&
Son.
stocks.
5 2d National Bank of Hoboken, N. J
167
102 United Shoe Machinery
Co., com., $25 each. ...
$31 SOpersh.
102 United Shoe Maoh. Co.,
pref., $'26eaoh.$23 25 persh.
17 Germanla Fire Ins. r!o..289i«
15 Home Ina. Co
255^4-256
20 Brooklyn Acad, of Music
(with tickets)
107»fl
Stocks.
20 Union Trust Co
1411
2 Chemical Nat. Bank... 4000^4
25 Mechanics' & Traders'
Bank
108
50 Mercantile Nat. Bank... 224k
10 Qauley Assool., pref., 1
$1,000 each
^q ,,«
lOOGauley A8socl.,oom f *''''-°"
$100 each
J
25 Trust Co. of America. ...210k
1 Bowling Gret-n Trust Co.l84»fl
10 Brooklyn Warehouse &
Btorage Oo
115
lOBovrery Bank
305
I
The valuation at which the Banking House and Building
carried is less than cost, all improvements having been
charged to Expense.
All Pass Books for Individual Deposits have been called
for; statements have been rendered or received for all
amounts due Banks and Bankers; ninety-nine and one half
per cent of the total amount due all Depositors has been
verified by actual returns from the Individual Depositor,
Bank or Banker.
The amount of Circulation outstanding has been verified,
as has also the amount of unpaid dividends.
Respectfully submitted,
PATTERSON, TEELE & DENNIS,
Certified Public Accoimtants.
New York and
Baltimore.
,
20 Nat. City Bank
530ifl-,533
50 Corn Exchange Bank... .380
United
19
New Jersey RR.
& Canal Co
Bonds.
280k
85 North Amer. Tr. Oo.231-233J4 $6,000 City of New York 38,
25 Second Ave. RR. Co
211^
oonsol. stock (Police Dept.)
20 Produce Exch. Bank
141
99''6 & int.
1925; IM&N
15 Mt. Morris Bank
192
$1..50a Manhat. Bch. Hotel &
5 Morton Trustee
GSS^e
L'd Oo. gen. 48, 1940; M&N 65
100 Amer. Exch. Nat. Bank.235ie $5,000 Ohio Mining & Mfg.
50 Shelter island Heights
.Co. Income ."^s
3
Association
60
500 Murphy Safety Third 1
1.5 Ninth National Bank.
9519
Rail Electric Co., pref.
10 Kings Co. Bank of B'klyullO
$2,500 Murphy Safety y $550
10 Market & Fulton Natl.
Third Rail Eleo.Oo. certs.
Bank
260
of Indebtedness
J
.
Sp(encer
aT
&
29
Trask &
BANKERS,
PINE STREET,
-
-
Co.,
-
-
NEW YORK
Transact a general bankino' butine«si act as Fiscal
Ao^ents for corporations, and negotiate security
issues of railroads and other connpanies. Execute
commission orders and deal In
INVESTMENT SECURITIESMembers N. T. stock Hxohanga
Branch
Offloe. 87 State St.,
Albas?
I
By
Messrs. R. V. Harnett
&
&
Drov-
& White,
BANKERS,
200 Copper
94
Moffat
Co.
stocks.
100 Natl. Butchers'
eis'Bank,
albxaicdbb m. Whiii Ji.
GBOBoa Babolat Moffat.
I
Slocks.
King of Arizona,
$1 each
5^0, per sh.
Members New Tork Stock Bxetaange,
Wo.
1
NASSAU STREET,
-
-
-
NEW YORK.
INVESTMENT SECURITIBS.
:
'
THE (JHRONICLE.
228
^mlijers'
Per
of Company,
Railroads (Steam).
Denver
•
& Southwest,
"
(qu.)
pref. (qu.)
Mahoning Coal, com
..........
"
"
pref
Utlca Clinton & Binsr
Mrcet Hallways.
E levated
Boston
—
Detroit United Ry. (quar.)
Metropolltau St., Kau. City (qu.)
N. J & Hud Kiv. Ry.& Feny.pf
Newtonv. (Mass ) & Watertown.
Wllniing. (Del.) & New Castle El
Feb.
1
II4 Feb.
1
1
1*4 Feb.
5
Jefferson &ClearfCoai&Iion,pf.
National Carbon, pref. (quar.)..
Vfltlftnal fttftrfih- oref
.......
Ontario Lake Surerlor Co., pref.
People's Gas Light & C'>ke (qu.)
St. Paul Gas Light (quar.)
U. 8. Bobbin
••
"
&
—
Shuttle, com
"
pt.(qu)
1
1
2h
6
Feb.
2
to
Feb. 10
Feb. 11 Feb.
Feb.
Feb.
Mar. 24
Mar. 24
Mar.
1
Jan. 20
Jan. 26
to
to
£00. Mar. 1 Holders of reo.
Mar. 1 Feb. 20
to
1
212 Feb. 15 Holders of rec.
1% Feb. 15 Feb. 1 to
1^ Feb. 1 Holders of rec.
3"* Feb. 16 Holders of reo.
1^ Feb. 2^ Feb. 17 to
to
1
Feb. 15 Feb. 2
to
$1 50 Feb. 1 Jan. 20
1
to
20
Jan.
$ 75 Feb.
1
;
;
—
United States Bonds. Sales of Government bonds at the
board include $5,500 3s, coup., at 111; $3,500 3s, reg., at
113^ to 114; and $10,000 4s,
The following are the daily closing
110;^; $10,500 4s. coup., 1907, at
reg., 1925, at.1'67%.
quotations: for yearlv ranqe see seventh pa qe following.
1
1
1
;
Feb. 1
Feb. 14
Holders of reo. Jan. 25
5
5
11
3
Feb. 15
3
1
10
10
26
22
to
to
to
to
Feb.
Feb.
Feb.
360
).
Kings Counly, Brooklyn (quar.)
nilscellaneuas.
Bethlehem Steel (quar.)
General Chemical, com. (quar.).
Mar.
Feb.
Feb.
Jan.
Feb.
Feb.
Jan,
3
Feb. 16
26
Jan,
Feb.
6
2^4 Feb. 15 Feb.
Banks.
Bank of the Manhattan Co
TruHt CouipuuICH.
Farmers' Loan & Trust (quar
Books closed.
(Days inclusive.)
2
to
Feb.
to
Feb. 2
7 Feb. 1 Holders of reo.
to
Feb. 23 Feb. 10
2
to
4 Feb. 11 Feb. 3
114 Feb. 16 Holders of reo.
to
1 Feb. 24
Apr.
2
]
to
Feb. 24
Apr.
2
to
6 Jan. 23
15i Feb.
\\
com.
Norfolk & Western, adj. pref ....
Pere Marquette, pref
Rome Watert'wn&Ogd.,gu.(qu.)
Union Paoi tie. oom
When
Oent. Payable
,
4 84;
DIVIDENDS.
Name
4 88%@4. 89; prime commercial, sixty days, 4 83^@
doctimentary commercial, sixty days, 4 83 '^^(34 84;
grain for payment, 4 bS%@4: 84; cotton for payment, 4 83>^
@4 833^; cotton for acceptance, 4 833^@4 84.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying y^ discount, selling par; Charle.stor, buying par,
selling 1^ premium
New Orleans, bank, $1 00 premium
commercial, 25c. premium Chicago, par; St. Louis, 15c. per
$1,000 discount; San Francisco, VI%g, per $100 premium.
cables
(Sa^jettje.
[Vol. LXill.
Feb.
Feb.
1
1
Feb. 15
Mar.
1
Feb.
Feb.
Feb.
Jan.
Feb.
Feb.
Feb.
Feb.
6
1^
1
2h
25
15
1
1
Interest
Periods.
1930
1930
38,1918
3s, 1918
28,
28.
Jan.
Jan.
Jan.
Jan.
Jan,
Feb.
26.
28.
29.
30.
31.
1.
Jan *1053fe •1053s •10538 105 8g 'lO.'^Ss 10538
Jan. *105S8 *]05 38*10538 •10538 •10538 •105%
reg.
coup.
•110
•Feb. *10938 *109%,*110
•Feb. *110»fl •llOifl 111
reg.
coup.
3s, 1918, Bmall.reg.
3s, 1918, smalL.o'p.
*110?i
UO's
•110
111
'xllO
Feb.
1907
reg.
1907
eoup.
48,1925
reg.
4s, 1926
coup.
5s, 1904
reg.
coup.
58, 1904
• This is the prloe bid
4s,
4s,
Feb.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
*il6i3 •iioifl*ii6i« •iioifl
*113»s *ii3»«rii3ifl •11319
*H3»* •1131a *113»« *113ifl
•137
*136Si •136-^ '137
•137% •137% "138 •138
-IIOI4 *110i3*110'h •llOV
•iioifi 'xi'i'o
•ll3^ '113ifl
*l!3^ 114
137% •137
•xl37
•138
•110»fl •llOia
*111% *111%*1113»
•111% •xlOifl
at the morning board no sale was made.
;
State and Railroad Bonds.— Sales of State bonds at the
Board include $10,000 Tennessee settlement 3s at 963^,
$5,000 Virginia fund, debt 2-3s at 96 and $25,010 Virginia
WALL. STREET, FRIDAY, FEB. 1, 1901.-5 P. M.
6s deferred trust receipts at ''1%.
Market and Financial ^iitnation. — The most
Money
The
The market for railway bonds has been active and strong.
important event of the week in its effect upon railway The volume of business averaged about $4,300,000 par value
security values was the announcement that the Mobile & per day, and several issues are notably higher. Mobile &
Ohio is to become a part of the f^outhern Railway system. Ohio general 4s moved up 8% points in sympathy with the
Accompanying this announcement were rumors of numer- stock, as noted below. Central of Georgia con. 5s and 2d
ous other consolidation schemes, which stimulated a demand at advancing prices for shares of the Chicago Indianapolis & Louisville, Chicago Great Western, Wisconsin
This
Central and Des Moines & Fort Dodge railways.
tendency to consolidate railway interests seems to attract
the investing public and the professional element in Wall
Street as did the formation of industrial corporations two
years ago; with this important difference, however, that
the later movement promises to be more satisfactory to
investors generally than the former.
|t The foreign exchange market has attracted attention, as
rates have steadily advanced to near the point at which
shipments of gold direct to London would be profitable.
The exports of gold this week are limited to §3,000,000
shipped to Paris on Thursday, making a total of the current
movement beginning Jan. 17, $8,000,000. As is well known,
and we presume generally understood, the advance in exchange rates and shipments of gold during the month just
closed was preceded by a flow of currency from the
interior to New York and declining interest rates here.
The open market rates for call loans on the Stock Exchage
during the week on stock and bond collaterals have ranged
from IJ-^ to 2 per cent. To-day's rates on call were IJ2 to
2 per cent. Prime commercial paper 3 to 4 per cent.
The Bank of England weekly statement on Thursday
ghowed an increase in bullion of £366,182 and the percentage of reserve to liabilities was 44*55, against 44-53 last week;
the discount rate remains unchanged at 5 per cent. The
Bank of France shows an increase of 8,380,000 francs in
gold and a decrease of 2,400,000 francs in silver.
The New York City Clearing-House banks, in their statement of Jan, 26 showed an increase in the reserve held of
$7,451,800, and a surplus over the required reserve of
130,'; 99,450, against 827,256.600 the previous week.
Capital
Surplus
Loans &diso'nts.
Oiroolatlon
Stock and Bond Sales.—The following shows che volume
of business in stocks and bonds on the New York Stock Exchange for the past week and since Jan. 1
Jan. 1 to Feb. 1.
Sales at
Week end. Feb. 1.
-^
19C0.
1900.
1901.
y. r. stock Sxeh.
1901.
«59,500
{316.460
1665,800
aoTernment bondl
t29.S00
.
State bonds
BR. and mlBO. bonds....
—
—
—
,
28,0ti0,000
llO.tOO
10.914,500
SHO.SOO
103.143,300
806,700
49,280,700
128.129,500
6,067.905
1698,20^,800
shares, par yalne.
t2,&00
$11,114,000
2,f99,7«7
1251,036,350
$1,230
1102.769,250
S1,H49.778
|3,C66,0U1.860
t63,»S0
|BO,lfi2,700
40.000
TotaL
8tOCk8-No. shares
Parralue
Bank
>
10,H88,474
11,017,908,287
tZO.bOO
We add the following record of the daily transactions:
Week ending
Stocks.
Bailroad.dtc. State
U.B,
Shares.
Par value.
Bonda.
Bonds,
Feb. 1,1901.
Bondt.
,
SatOTdar
548,560
803.442
1.064,982
1,067,321
1.664,720
|6(.393,000
99,911,800
79,423,100
104.477.200
106,448.300
164.650.000
t3.6S5.000
3.963.500
8,913 000
4.007.000
B.V50.000
7.292,500
6,057,905
1593.202,800
128.060.000
Monday
l,00n.877
Tuesday
Wednesday
Thursday
Friday
Total.
The
sales
-Boston.Unlisted
Shares, shares.
Tuesday
Wednesday
Thursday
Friday-
Total
'•566
6.000
14.006
13,500
140,000
129,500
1.600
on the Boston and Philadelphia Exchanges were;
Listed
Saturday
iMonday
135,000
Bond
-Philadeiphia.
Listed Unlisted Bond
8,753
6.851
4.118
4,698
4,273
17,638
sales.
118,562
90,685
51.000
87.700
62,600
3».000
shares.
12,706
26.601
16.482
87.4i9
27,788
52,050
10.608
18,343
21,009
14.292
23.8U9
22.461
5.436
6.09U
9.171
27,686
7.421
11.622
sales,
tl96.800
283.600
670.010
624.475
392,100
812,100
161,006
«1,330
338,317
110.420
67,366
2,177,085
Shares,
Railroad and Miscelianeons Stocks.—The tendency of
prices in the stock market has been towards a higher level.
Transaction^ averaged nearly 1,000,000 shares per day and
were well distributed, especially in the railway list. There
1901.
Differen'sfr'm
19C0.
1899.
Jan. 26.
Prev, week.
Jan. 27,
were several noteworthy advances in this department, the
Jan. 28.
most conspicuous of which was Mobile & Ohio, which
74,222,700
69,422,700 68,072,700 moved steadily up from 47, at the close last week, to 71
This movement was accompanied by reports
92.257.500
80,980,200 76.407.900 to-day.
841,367.300 Ino 10493900 688,332,800 726,372.200 that Southern Railway interests had acquired a control of
31 253,200 Ino, 280,000 16.637,100 14,700,000
property. Chicago Indianapolis & Louisville advanced
937,423,000 Ino 15635800 780.526,100 861,637..'^00 the
191,710,200 Ino, 7,057,400 157.762,500 193.484,900 6 points on the theory that this too would soon become a
NetdepoaitB
Specie
Legal tenders
73,445.000 Inc
394,400 66,647,000 61,156,500
^serveheld...., 265,155,200]lno 7,451,800 224,409,500 254,641,400
Legal reserve
234,355,750iIno 3,908,950 195,131,525 215,409,375
,
incomes advanced Z% and 7 points respectively. Chicago
Terminal Transfer, Fort Worth & Denver City, Peoria &
Eastern, San Antonio & Araneas Pass and Wisconsin Central issues sold up from 2% to A.^ points above last week.
Snrplns reserve 30,799.450! Ino 3,54?,8.50 29,277.975 39,232,025
NaTB.— Returns of separate banks appear on pa^e 226
Foreign Exchange.—The foreign exchange market has
been strong all the week, rates have steadily advanced, and
a movement of gold to London seems imminent.
Posted rates of leading bankers follow:
February
1.
Sixty days.
Demand.
Prime bankers' sterling bUlB on London. 4 85 ®4 85»fl 4 88ia®89
4 83%®4 84
Prime commercial
Documentary commercial
4 8ci4®4 84
518ie»5 17i9* 5 15B8®16*
Paris bankers' (francs)
40lt6®40i6
Ajnsterdam (guilders) bankers
40&iet»4038
Frankfort or Bremen (reichmarks) b'kers
94l3jg®947g
95143195618
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 84)^(a4 843^; demand, 4 88(34 88>^;
part of the great fcouthern system. Reck Island has advanced over 6J^ points on rumors of favorable new traffic
arrangements. Burlington & Quincy moved up 3 points,
New York Central 2 points and Pennsylvania nearly as
much. St. Paul has continued irregular, covering a range
of over 9 points, on the announcement that negotiations for
leasing the property had been abandoned. Manhattan Elevated sold on Monday 4 points above last week's closing
price, has held a large rart of the gain, and othf^r local traction issues were strong. Southern Pacific shares have been
by far the most active on the list, advancing from 43i| to 49,
but were weak to-day, when Union Pacific was the prominent feature. Transactions in it were on an enormous
scale and it advanced 2'jy£ points.
Pacific mail advanced nearly 5 points on expectation that
the Ship Subsidy Bill would become a law and declined over
6 points when the measure was reported as doubtful.
RefinAmerican Steel & Wire was strong and Smelting
&
ing weak. Otherwise the miscellaneous
out noteworthy feature.
list
has been with-
.
Feb.
..
..
,.... .
.
THE CHKONICLE —STOCK
3, 1901.]
New York
Exchange— A
Stock
Daily,
PKIOBS
(2 pages) PAbis 1.
•SO
•64
4SK
84%
87X
Jan. 28.
38
20
^«
•64
459i
46J4
88?<
8H«(
to
180
88>i
'30
•54
4S9i
«45<
S->4
•81
•181
•o8
180
8»H
88
180
(to
23
68
46%
8Sk
889i
Wednesday Thur$day,
Jan
•30
68
46
85
88
86
76
85
(^H
77%
83H
8a>,
•Hi
180
121
•88
89
87)i 57>«
133
•88
76
l«H 7»H
89
•81
•1»1
•88
23
68
84«
87H
8cj*
86
Tu€$dav,
Jan. 29
Monday,
Jan. 31
30,
38
58
47%
81%
fc9%
««
78
«4%
ISO
9)
•20
00
83
68
47% 49%
88% S7%
89% fc9%
88
sen
78% 71%
•81
132
iUO
86
130
90
Ftb. 1
e7jt
73% 7«i4 74%
146H 112% 144% 143%
93% 94
9d%
93
•03U 08
'133
121
ll£4
124K 133% 133Vi 183%
)7^
17H 17% y-'H 17% 17%
19^
93
91%
98
93
•9m
78
•7e« 78Jt 18
•765K 78% •77
74
143
9J
74i*
]429i li»>t
74
4S
•48W 46
!i!5
3H
36^
6GX
*43st
46
36% 86
•69
160
60^ «0H
IBOX 155H
19SM 195H 192
188H lUi
17a« 172J< 174 174H •170
e0!4
15»l« 18»Ji
61
163
23
50
•68
128
AnnDoArbor..,..
46
31
60
30
70
Highest.
89
Do
27
74X
35,306,
2,8Ull
107,770
100
pr«t
...
80
1,450
( Canadian Paolflo.
146
94
186
80
93%
8J>,
«8H
29H
65% 67
Do
Ctiloa«ro
Obioago
Do
BorL i Qalnor
UigkuU
Lovoetl.
7.^%Jan 3
83HJan 29
"
l84^.Ian
8^%Jan
-
860
466
Baat. lUlnoli.
pref
41,795
910
1,167
1,100
31,250
13,560
4p.o.det/«ntareB
6p.o.pref."A".
4p.o.pref. "B".
Oble. Indlanap. A LontiT.
Do
pref
Jan
8
16
68%Jan
8
50%Kelj
1
«0%JMy
18%Jan
58%Jan
55%J&n
73%Jan
90%Jan
8
Jan
Jan
7
7
87%Jan
12
94
bO
4
85
69
4
Pep
86 Deo
59 Deo
48% Deo
'
8W%Deo
89%Apr
90 Apr
38%Deo
*7%ciep
52 Feb 8S Deo
98 Jan 135 Deo
84% Sip 9 9% Feb
Jan 10
8 125 Jan
18 91VJan
9
Jan
47%Feb
91% Feb
9 108%Jan
91%D60
93 Feb
Jan 150%Dec
4 16f
Jan
31 4'.<%Jaa
•15
41HJan
78HJan
34
J'ne
43%Dec
31
Oct
4
11,935 Se^Juu
25,410 88HJan 81
6,070 72%Jan 4
118,800 ISBMJan
4
Obloa«oQreat Weitera..
Do
Do
Do
81
!j'.?<Jan
64%.lan
. lOSMJan
l,613jltS94Jan
,
33
1
St^Jan 24
..
pre/
A
(
xHi^Jaa
107,499
.
130
90
87
Jan
800| S'-HJan
6
898,310' 4<!%.Jan 2
pref
4«% 505* Atoh. Topalui A Santa Fe
67% «8h
pref
Do
tfO% 9^
Balt.&Obio,Tot.tr.oertfi.
88% 88^
Do
pref
77
76% Brooklrn Rapid Trantit.
•81
85
BaSaio Eloah. A PltUbarg
•122
76%
78% 74!^
146%
144% 144% 145
93M 95!% H8% •b^%
12»% 138 133 •U3^
16%
16%
19%
93
9iH
92% 9ii%
79%
7b% 79
80
45
45% 45
46
84% 25
60% 60%
Lowest.
j»ret-
ousyear (1900).
Week.
Shares
. .
73«
Range for
Railroad Stock*.
80
86% 87% •67
67% 68%
anuda Soathem. ......
•104%
•104%
•104%
Capital Tractlou
•104M
•104^
164* Central of New
163
15o%
1153
149%
153
•148V<
160^
150%
i53it
ISO
JerN7
160
8fc% 3V%
39% 89% Cbeeape&keAOhlo..
38% 89
88H 39
88« 39H 38«
£9
38
40 Obloago i Alton
40%
40>4
8HK 38K 37% S8?i 37H 38H
67i4
67
Bange for year 1901
On iMuUof ioo-$h'relota
BaUa
of the
STOCKS.
Y. STOCK BXOH.
Friday,
229
Weekly and Yearly Record.
STOOKa—HIQHEBT AND L0WBH7 SALE PBWBB.
Smturaay,
Jan. 26
.
1
.
3
Dec
68% Vo' 78 H Deo
USHJan
ll9%Jan 144 Deo
91 Jxn
9£%Jaa 7 88 Jan 109 Mar
19r%Jan 8 :24 Jan 24 119%Deo 125 Aug
3 80 Feb
8 Jan
0%Hep 18 Deo
01%Jan 88 9K%Jan 7 81 J'Ee 94)4 Deo
77 Jan )9 8094 Jan 7 68%AQe 83 Deo
42 Jan 8 43)tJan 2
30 J'ne 45 Deo
33 Jan 81 30 Jan 81
39 Apr
14 Jan
68%Jaa 31 70 Jan 81 4 5% J an 84 Dec
l«8%Jan 81 163 Jan 6 108%J'ne 148!<DeQ
187^Jan 4 '96><tJan 38 69%Jan 187%I>eo
'.i
1
;
149% 15 % 1S0% 153^ 161% 153% Ohtoago MUw. & 8t Paul. 609,99:
192% 108% il93<4 193t4 „ Do
7,010
193% 192% 193
pref
178 178
173% 178^ Cbloaiiro A Nortb Weitem
173
1,800 lf8>tJ&a 21 177 Jan
5 I50%J'ne 178% Deo
174
174
315 Jan l7;338!4Jan 6 195%Maj 3^0 Deo
Do
pref
li82% 186% 135% 138% 134% iae% Chloa«o Book lel. A Pao. 810,769 118%Jan 4:l<'8%Jan 7 108 J'nel28%Deo
ll»Hl«'9i laiH 133>4 130K 133
138
130 138 •130 135 Chlo.at. P. Hlnn. A Dm..,
30
130
337 •180
187
188 Jan 8 87 Jan 11 110 Oct Il38 Not
»180
188
•180
•180
188
186 •ISO 188
•180 luu
190 180 19U •180
>8)%Jan 5 183 Jan 11 173 Feb 175 Mar
Do
pref
14%
15
13
17,090
18%
13%
l2«
18%
12%
Oblo. Terminal Trantter..
0%Jan 19 l6>4Jan 81
16%
18!4
8%0ct 14% Deo
38% 88
20,000
87
86% 89% 37% 38H _ Do
83 Jan 81 !)9MJan 31
S^H 8e?« 86
86
pref
38%Oot 39%Apr
78%
77%
77
81
1 5%
76%
4,100
Jan
14
76
76%
75%
Oler.
78kJan
2!
Oln.
764
Oble.
A
St.
L.
78H
55
J'ne 76 Deo
76H 116
117% 117%
116
118
117 117
116
436 llBHJan IV 119 Jau 14 103%J'ne 118 Deo
lie
Do
•lIJ« 117
pref
k
88
38
29
38
Jan
8
38
38
CleT. Lorain A WbeeUng.
27%Jan 7
•••« 38
14%Jan 30 Not
•68" 70
•68
•68
•68
88 70
;o
70
70
68 Jan 16 7< %Jan 9 46 Jan 72 Apr
Do
•as
70
pref
•7
640
e%Jan 81
SHJan 12
7}<
7
7
6%Dea
7H •7% 7H •7% 7% 407« 407H Oolorado A Sonthem
5 Sep
48
43
43% X40
1,820 40 Jan 31 44'«Jan 8
Do
lit pref.
40%
do
86 Sep 47%Mar
42X 4 2M 42
•16%
•18
18
116%
17
450
8
16%
Jan
17
17
Do
l«HJan 4
16J4
•la
17
3d pref. do
30%Mar
16M 18%
14 Sep
c ie^)4Jan 18 loe%Bep 134itDeo
168% 183H 151% 163
151% 153% 161% 153 Delaware A Hadion
8,156 13Mi^jan
151« 161« 161 163
19} 196
196 195
195 198^ 195
1,400 xlSSMJan 3 802 Jan
8 I7i%8ep 19 4% Dec
196% 195 196
196
el. Laok. A Weitem.
190
32% 33% DeuTer A Bio Grande. ,,,.
33
31% 83
82
8,230 8»%Jan 21 83%Feb I
sa
884<
329i am
31H 38
16HJan 34HDeo
•88
83% 84
'.S,900
•82% 83%
80 Jan 31 x85%Jan 2
83
83% 83
Do
83
pref
64%J'ne 87 Deo
81
81%
18
IV
19
22
17%
83
31
Dei
IS
Jai.
80
Jan
18%
Molnei
8,800
18%
19%
Ft.
A
Dodge.
18 J'ne 31 Deo
•17X 20
•8
•4
4
5
5 Jan
9
5
Dal. 8o. SboreA Atl
5 Jan
5
•« ••••
6%Mar
••••• •••••!
4 J'ne
•18% 14% •13% 14H •1:4% 16
6%Jan
Do
18%Jan 8
18 J'lT 30%NOT
•••••ff •#•••
pref
28%
88%
36% 37% 87% 88%
91,085 245«Jan 4 31 Jan
Erie.
10%Bep 27% Dec
«8M S8T< 37% 39% 87% 38
Do
45,170 89% Jan 21 89MJan
63% 8«H 63% 63% 63% 63% 68% 64% 63% 64)4
lit pref
e8Ji 68%
Sj%8ep 88HDec
43
42%
41
41
41%
43
9,55l
48^Jan
41%
Do
4
42
43%
42%
8k)V4Jan
43%D60
8d
pref
15 Sep
43H
41
HraniT. A Terre Hante ..
1.80C 41 Jan 31 44%Jan
41% 41^ 41% ri« 41i4
S4%Mar
41Ji 43
88%Oot
80
•80
•80
88
•80
80
Si
«80
81 Jan
83
88
Do
4 8 HJan
62
83
94%Apr
74 Oct
pref
841
17
17%Jan
18
Jan
FUW.A Den.0..itamped
14% Apr 80 Dec
25
25
t.Worth A Bto Orande
100 35 Jan 89 38 Jaa 4| 18 J'ne 37!4Dec
108% 194 Great Northern, pref...
104% 194% 193 183
4 800 Jan
19S 19S% 194% 195
9 144% J'ne 10i%Dea
4,19; 188 Jan
185 195
r'nB.AW.,dob ofi. "A'
65 Jan 3 67 Jan 8
53%Mar 68 Deo
8
8
Deb. otfi. "B"
109
8% J an 8
7«
7« 7%
7HJan 83
6%Deo
6%8ep
43
43
48
42% 4'8« 43% 44
1,774 41 Jan
3
45HJau 15 30%Jan 48%Deo
lis
48
43% 48% 44 TTooking VaUej.
78
Do
70%
70% 7t% 71% 71% 71
4,064 60%JaD 21 73i4Jan 8
74% Deo
71% 71
58 Jan
pref
70M 71 •138
ISO 13(% ISO 130 Zl87%138
lllnoli Oeakral.
lll'^ 189% 180
8,580 187%Feb 1 136 Jan 9 110 J'ne l33HDea
aSlM 183
28% Ii-owa Central..
5,78P 21 Jan il S8 Jan
8
84% 25
84% 86
a4M 34^ 84J< 85% 24% 85
ll%Jan 87%l)eo
'49
49 50% •49 61
53% 63%
•49
Do
61
50
5
50
1,850 48 Jan 81 64 Jan
58 Mar
51
pref.
39 Sep
'88% 25
24 86
24
35
34
300 2 1 Jan 8 88 Jan i8
23% 25
84
35 Deo
84% •84
Kanawha A Michigan
10 Jan
16% 16!^
15
15% 16i4 18% 17
an. City So. ^ ot. tr.otfi.
14% 15
15
3,961
18%Jan 4 17 Jan Si
17%Apr
7 Sei
14M 16
40%
Do pref., Tot tr. otfi. 30,895 35 Jan 4 40%Feb 1 a7%Sep 4 3% Apr
S8% 88
88% 88% 39% 39% 40% 40
37« 87H 88
•6
•5
5
5
6
»6
6
Keokok
6>iJan
2
6
6
Dee
S%Jan
8
6
A
Moisce.
e
S%Ma7 8 Dec
30 85 30 85
•30
24^ 24%
•80
Do
80
36
85
""soo 24 Jan
3 86 Jan
9
85
pref.
14%Uot 88 Deo
41
41
•40
•41
42
855 SBMJaa 31 i8MJan 3
48
140% 4154 l«0% 40% 148% 43%
Lake Krle A Weitem.
20%Mar 58 Dec
•108 113 il09 110
113
Do
109
118 •110
1110% 113 •110 116
136 lOeHJan 31 118 Jan 14
83%Feb 1 1 5 Deo
pref.
310% 360 '310% 350 •310S4 250 •310% 360 Lake Sh. A MIeh. Booth.
•810% 360 •310 250
Iltf7 Jan 1840 Deo
67 70 87 70 67 70 •67 70 67 71 Longliland.
67 Jan"'s 70 Jan 8 47% J an 88 May
88
89% i87% 88% 86% 87% 87% 88% 88% 89% 89% 9C% LoaliTllleA NaihTllle...! 109,181 84%Jan 4 91VJan 8 08% Sep 80%Deo
116% 117% 116% 117% 117 117% Manhattan BleT.,ooniol 130,180 111 Jan 21 186%Jan 12 84 J'ne 116%Dea
114iM116% 116% 116% 116% 118
162% 183
etropoUtan Street
162% 168^ 163 163
163>M 183% 181
163% 161% 163
8,606 IS>4 Jan 81 174 Jan 8 143%3ep 18^ Feb
36 28 •86 38 26 28 •38 88 •26 88 Met. Weit Side BQ. (Ohio.)
•88
87 Jan 9 30 Jan
38
84%Jan 37%Apr
190
90
•78
•78
•78
•78
Do
•78
81
8! 79%Jan It 83<4Jan
81
81
81
81
76 Feb 84%N0T
pref.
14
14%
Mexican Central...,
leisJan
13% ISk 13%
18% 18%
6.900 12HJan 81
18% lb% 13% 13% 13
10%Jan l7%Deo
3%
4
Mexican
Nat'l
3%
•3%
•3%
4
34
Jaa
5 Mar
4
4
3%
tr. recta...
4%
4
8HJan
2%8ep
•8H 4
106
Michigan Central
108
108
IC6
»108
1104 Jan 115 J'ne
89% 69% MlniteapoUi A St. Lonli...
610 87% Jan 19 7i%Jan IS
45%J'ne 71%Deo
69% "6fi% 69% 09% 80% 69% 60H 69% 69% "69% 105
108
Do
107
1071^ 1071a 107
107 107%
710 10 194 Jan 7 110 Jan IV
87^J'ne 104%NOT
107 107H Its 108
pref.
•19
81
18%
Minn.
St.
P.
81
37 Apr
18^
21
18
11
Jan
i
•18% 31
81
Jan
19% 19%
A B. B. Marie.
100
14 Sep
•18% £1
•60
65
50 66 51
Do
•50
53 Jan 31 65WJan 3
55
•60
50
65
63
47 Nov 89 Apr
pref.
64
19% Mo. Kaniai A Tezae
17%Deo
19% 18% 19% 19
188,975 15 Jan 81 19%Jaa 30
17% 1!^% 18
9 Sep
18% 18>4
18H
Do
4
89%Feb 1 S5%8ep 47HDeo
68% 5«% S5H 69%
84% 55M 53% 67
pref. 154,640 4 3% Jan
S3% 5m 83% 66
67%
89%
Mliionrl
89
93
Paouie
Jan
82
Jaa 4
86% 87% 87% 88%
78,691
38%Jan 72HDeo
86% 88|< 85% 88% 86% 80
65
62,68^ 44 Jai 31 71 Feb
48
68% 89% 71 MobUeA Oblo
35 J'ne 49 Deo
49% 49% 66% 85% 61
47% 48
192% 195 198% 195 il93 193 MorruA Biiez
40 ll91WJan 8 1198 Feb
1
19:^^ 195
ll83%Jan llS9%My
•19»% 195 •<92% 195
141% 143% 148% 143% 143% 143% NY. Central A Hndion.. 18,45 l299<Ja.i 2' 148?iJan 18 135%J'ne 14t%Dea
148 142% 141 143% 141% 148
1M% IHH
T.Oblo. ASULoad...
2
•19% 30S 119% 19%
18% 18% 18% 19
1,320 l7%Jan 21 SlHJan
11 J'nel a4%Dec
18
19
95 101
Do
95 100 •95 100
•98
105 Jan 18 109 Jan 10
101
lit pref.
B5 101
•90 101
75 J'ne HO Dec
151% 61%
Do
•49
48 50 48 50
"aso 49 Jan 8. 66%Jaa : 89 J'ne 5S%Deo
50
8d pref.
60
•48
50
61
New York A Harlem
1400 May >48b J'ly
••••• ••••«
•>•••• ••••
137 139
137 139 137 139 N T. Lack. A Weitem..,.
flsix'JanlS »i84^'jan'li 1130 Jan il35 Mar
137
189
137 139
•187 139
•211
814
N.
'813
T.
New
HaTen
<il3%Jau
•811
1211
21
SO
Jan
35
1318
814
814
S13
A
Hart
•811 815
313 216
i807%6ep l215ibJan
31% 32% N. T. Ontario A Weitem. 36,100 28%Jau 81 SS'.vJau V* i8%J'ne 3a)«Deo
82><
80% 31% 31
31% 30% 31%
81% 31% 31
44% 46% Norfolk A Weetem
67,980 43 Jau 10 46VJan 18
48% 43% 45
46
88HJan 4S%Dec
46% 44% 45% 44
44% 46%
Do
730 SIVtJau 22 84%Feb 1
88 Dec
83% 84% 83% 88% 83
183% 83% 83% 84%
pref.
67 Jan
84
84
83%
83%
Nor.
Pae.
81
00
77)(Jan
Jan
Bjh
Tot.
318,135
e
tr.otfi.
45MSep 86>tDeo
82% 85% 81% 83% 81% 88% 83% 83%
88% 84
87
88%
Do
8
91%Deo
89
14,803
84><Jau
Jan
87
87
87
88%
87
pref.
Sep
86%
87%
88%
87%
87%
Or.aiLAN.Oo.Tot.tr.cfi.
Do pref., Tot. tr. ctfi.
64
68
68
53 67 53 67
Paolflo Coait Co.
1,350 68 Feb
eiWJan
•53
57
46 May 88 Not
•63
,,
67
66
•87
08
•87
Do lit pref...,
91 Jan
•67
91
949<Jan
87 U8 t8 92
93
8a%Sep 90%Dec
•89
98
64
184
Do 8d pref
•03
•63
80 83 Jau
67
68 Jan
•63
68 67
•63
67
57 May 69%Oot
,,,..
67
87
163 Jau
184%Sep 149%Dec
14E% 146
146% 146% 146 148% 148^ 117M PennirlTania.. .,,,,, ,,,,,, 41,840 14'.)%Jan
146 146
14C% 146
18
Peoria
aiVfi
Bastera
A
Jau
8,975
14%
2lHFeb
5 J'le 18 Deo
17
17% 17
17%
«14% 14%
15%
15% 18
•39
41
Pere Marquette
43
1,300 33%Jau
48 Jan
80 Jan 36 Deo
•89% 4^2^ 40
40
43
40
40^ •40
48
•72
74
Do
•76
1,012 73 Jau
79 Jan
77
56%Jan 7 3% Dec
77
pref.
77
79
78
76
77
•81
83 PIttib. Ota. Ohio. A St. L.
80%Jan
(00 67 Jan
68 Jan
•66
4 9% Sep
fO% 67
57% 60% 61
80^ 65
80% 67
95
95
Do
900
w5
x88
Jau
pref.
Jan
78 J'ne 94 Jan
95
94% 94%
93% 9SiW 93% 93M 93
94% 95
96
Deo
33%
38
Tv,tlng
SS,950
^4
tr.
S6
otfi.
Jan
15
Sep
33%
Reading,
"aJ^n
8
81%
31%
S8h 31% 81% 31%
8% 2% 81% 71%
lit pref., Tot. tr otfi.
80,170 68 >aJan
77 Jan
48 Jan 71%D.«
71% 71% 71
70% 71% 70% 71% 70% 71% 71% 78%
43
ad
S9%Deo
pref., TotIng tr otfi..
89.300 88 Jan
4 7% Jan 7|j 83%8ep
4'% 41
41% 43
41% 40% 48% 48%
*'H 42U 41
1
.
>
• •
• • *
.
1
.
5
.
, . ,
. .
.
t • • •
1
,
J
'„
I
•
Bid and aaked prices
;
no sa es were made on
this day.
OUTSIDE SECURITIES (Given
street RallwnTe.
*aW YUUK
Bid.
Alk.
CITY.
A Fnl F— Stock. 35
37
Iftmort 4i 1950... JAJ 100 108
'way A 7th Are— Stock 880 ass
lltmor 6i 1904... JAD 1108%
Idmor 5i 1914.... JA.1 no 113
Con Si 1948— Sm Stuck Sxcbl lit.
S'waySar' lit Sign. 1924 ni5 116
BlMOk
St
aj rental .1905 IIOS
M 6i Int
Croiitown— Stock 866
>atral
103%
MAN «I86 ISO*'
'•tM6l 1933
N A B BIT— stock 300 803
tjOlU0l7i 1008
JAD 104% ioe%
Cea Pk
Street
I
Less than 100 shares.
Railway.
Alk
Bid.
Chrlit'p'rAlOtb Bt-Stook 176
ColA 9th Are 5i-Sm Stock Bxcb
130
Dry D B B A Bat— Stock,
lit gold 5i 1938... J AD 1116
FAA 101
Scrip 5s 1914
890
Bight h Avenue— Stock..
105
Borip 6i 1914
395
Stock.
43d A Qr Bt Fer—
68
4ad Bt Man 4 St N Ave.
186
1
lit.
ISS
118
103
400
109
4r6
78
113% lis
100
99
mort 6i 1910.. MAS
Sd Income Ha 1915. JAJ
Lex AvA Pav F 6i-Sm Btk Bxcb
108
Ninth Avenue— Stock
lit
RAILWAYS, Jc
at foot of 7 oonbboctivb pjLQt^s).^81RBE7
>
Ist.
805
Btreet Rallwaye.
Bid.
Second Avenue— Stock.
100
lit mort Si 1909.. MAN «107
.
Coniol. Si, 1948.. .FAA 1118
Sixth Avenue Stock
800
Sou Bon:ev Ss 1945.. JAJ «in
So Fer lit Si 1919.. AAO {108
Third Aromoo—See Stock Bxcb
Tarry
5i.l938 107
—
W PAM
Tonkeri St
BB
5i
88th A aoth 8U lit Si. '96
Twenty-Third St— Stock.
Deb 5i 1906
JA.1
Dnlon Ry lit 5i '43.FAA
.
Alk.
308
•
-
Wtreei Kttllwnr».
Weetcheit lit 5i
'43.. JA.
• «
190
BBOOKLTN.
810
115
Atlan. Ave.,5i lOOO.AAo
AAi'
Con Si g 1931
Impl S»— Sm Stock Kxo
Uit.
B. B.
100
104% 107
114
;ii8
410
400
108
100
lis
AW. E. Si 1983 AAO
Brooklyn City—Stock....
Com
5i— Sm
Bxo
8to<Jt
BklynOrosiinSi 1 vOS J AJ
BkinllfUlsi Si 1941AA(.
a'kynU Co.A Snb— Se« 8t
B«lvn fUp.Trftn.- S«« 't.
.
«
THE CHRONICLE-STOOK
280
n00K8—HIQHB8T AlfD L0WE8T SALS PBIOSS.
McUurday,
Jan. 26
Monday,
Jan. 28.
J^an. 29.
•65
•08
65
•66
•93
•92
95
•7«
•67
•18
•67
•18
68
91
2"
37X
79H ^9<ji
67M 579«
83H
61M 6aM
aoH
89J<
68
58
•18
81
44
455<
94V<
6S«
S9M
•160
16
40
•15i4
88><
•150
165
70
31
90
34
•88
•81
I174M 174M
87X 38H
6M 5K
31H 81«
5
•84H 86
e0!4 eaM
17
70H
785g
25
•54
28%
16)4
16
40
4154
83>4
5
•4H
86
•70
39)4
70
41«
84« 85
\ii% 134^185% 13394
119)4 11954 •119
•95
(96
96
88
88
•IfiJi
17)4
•78
74
17
•14)4
16)4
196H 193% 198
48%
45)4
95
96
*49H Z41H 44N
70J4
79
188
70)4
71
79
80
lfc8!4 189)4
49^
60
97
•48H
•96
98
lU
81
9
•7)4
25
•80)4
•lie
58H
9
46)4
188
•14)4
44)4
96)4
16
194
45
96
41
70
43)4
70)4
76
79)4
189 193)4
49)4 49)4
•96
81)4
7tJi
70
68
179
44«
198
44)4
97
•78
•90
75
99
10
17)4
86
85
49Ji
4254
40)4
98
09« 60M
99
•34
63
99)4
•33
88
154
80
Z0%
•6H 7H
80
40)4
60
74
48)4
42)^
U76
176
415i
86
75
35
76
18M 13%
•ash
65
•63% 65
67
67
4
4
23
67
4
67
85i
100
13
39
94
18
8656
48%
78
40
93
99)4
37
154
8056
99%
37% 38
70
79%
900
1356
KSH
68% 68X
68)4
i9
75
il\i
100)4
•67)4
300
135i
B85i
•63% 65
•65% 67
3%
3M
67
66)4
•19)4
21
•19% 81
1354
•13% 16
16
69% 70
19«
70
•53
•6«X
63
J53
19%
7814
Sl>4
68
•180
83
125<
74)4
81)4
63
185
12)4
745i
30
63
1133
83)4
83)4
67
•53
1856
13)4
7554
19>4
80%
1
62
S3
835<
;
no
65
76
olorado Fnel
A Iron
.
, ,
pref.
8054 International PaperDo
uref.
69).t
89H International Power
.
7H
-
.
Intemaiionai oiiver..,,,,
7)4
Internat.
Do
76% 76%
Steam Pump...
pief
•78
•96
•8
19
39
94
17
'8
38%
•92
17
8654
•73
3856
•93
94
•18%
17
68
99
6956
99
•33
19%
995i 10056
37% 38%
80
200
39
99%
37%
79H
7996
7856
69
•68% 65
•68
67% 67%
_3% 3%
67% 6856
81
16
8854
00
69)6
•54
78
1954
83%
68X
60
•185
84
140
84
this day.
14
59
80
•16
71
18956
•54
66
13%
13% 14
7454 74%
19
30%
60%
60
134
•67)4
4
•69)4
•54
55
i
7356
106
1st 4s 1949— Ss« Stock Bxoh. list.
80
75
Hassan Bleo pref ....
A&O 110 114
Ksl944
J&J t 98
97%
Ist4si961
N0wWmb'g&Fllstex.4%a 104 106
8telnwayl»teil938. ..J&J {116% 118
A SteeL
14%
C1TIH8.
Do
.
,
,
pref.
. .
Do
7454
3056 United States
Do
60)4
pref.
Bnbber. ....
pref.
Wells, Fargo * Oo
est.
Union Telegraph
100
p. c.
Ask.
600
1,700
1,880
10
64,118
6,830
6,300
1,170
60
3,660
stock dlv.
oonsboutivb
Buffalo Street Ry—
1st oonsol 6s 1931. F&A 1118
119
Deb 6s 1917
A&O 1107 119
Chicago City
Stock
950
860
Indianapolis Str'tRy— See Phlla. lilt.
Cleveland City Ry
108
102%
Cleve Clty-lst 5s '09. J4J 103% li6%
Cleveland Blectrio Ry
83
84%
Con 6s 1913
MAS 103 104%
Columbus (O) St Ry,
40
86
Preferred......,,,,
93
es)6
RB—
, ,
...,
6956
United States Hxpress..^
66
1856 United States Leather.
7
2
8%De9
64%Deo
31%Deo
64
78 Deo
55 Deo
18)iDeo
8ep
34)4 Dec
33%Mar
2054Mar
67 Apr
18
21
29
t
78%Feh
Nov l6)4Feb
34MDeo 60 Feb
6
6% Jan
J'ne
3
34%J'ne
85
J'ne
J'ne
C Hob & Paterson......
4s g Nov 1 1949. .M&N
5U%De»
99 Not
60%Feb
64%Sep 86 Feb
2
38%J ne 59%Apr
8
69%J'ne 95 Feb
2
95%MaT 149 Dec
1 107
Mai 118 J'ly
23 187 Sep f98%Jan
14
18 J'ne 67HD60
18
7054J'ne 93 Dec
2
8
17
14
84%J'ne 11456Deo
16 138 May 140 Feb
31%Dec
2
83%Dec
Dec 7854 Deo
37%J'ne 5 4% Apr
140 Jan 183 Deo
14
6%J'ne 1656Jan
78
2
3
3
56%Dec
131% Jan
81 Apr
n64 Sep 301 Not
3
39%Sep
14 117 Got
8
ll%J'ne
3
SlXMay 40)4Deo
May 95 Not
16
10
70
89
31
8
98)4J'ne
Sep
8856J'ne
6054J'ne
64 May
8
68)4Deo
79 ".jDeo
81 J'ly
120 Jan 300 Deo
8
44 May 60 Not
6
92 Dej 103 Not
11 1103 Got 11 6% Jan
1
2
6
14%Mar
3
81
6
58 Mar
34 J'ne
3
3
16
7254Jan 7
w7 Jan 14
1456Jan 7
36% Not
Not
75
6556 Deo.
SXAug 10%Jan
88
76
Dec
Dec
3954Deo
77%D8C
Nov 40 Feb
Nov 66 Feb
65 May 80 Jan
10
60
96 Jan 100 Jan
e)6Jan 18|6Ha7
33 J'ne 40%NOT
79%J'ne 96 Feb.
2
Jan
94 Jan
23
20 la Ian
15%Aug 38%Feb
Jan
7 49 Jau 14
3 79 Jsn 23
83 Au» 106%Feb
46 Not
38)4^ct
8 9)4 Got
76)4NoT
30 J'ne 63%Feb
7996J'ne 97 Feb
21 x43
Iv!
>-3
21
44HJan
93iaJan
7J Jan
9 106 .Ian
in 37 Jin
25 xieoJan
21
14
21%Jan
5
3
2
2
2
40%J'ne
69%Deo
2
8656 May 105)4Deo
8
30 Nov 37 ApE
2 113 Sep 176 Not
5
1356Jan 8856Dec
7iaJan 22
4 7)4 J an 39
2
2
6?6J'ly
Feb
9
Not
8I560ct lllHApr
S8%6ep 6856Jaa
7056tep 89%Not
8554 J'ne
2 176
67
J'ne 804
856 J'ne
49
Deo
87%Feb
Aug 7056Feb
69%Jan
17%Oct
66
86
71
Deo
Not
Not
lO^Jan
104 Feb
S156Deo
86 Feb
7754 Feb
i5954Dec
19 Jan
79)4N0T
44 Jan
l0456Jan
140 Dec
88%Jan
Bx rights.
vAQm).—81RBBl RAILWAYS,
Pref
756Jan
18% J'ne 3l%Jan
OSiiJan 22 69 Jan
59%J'ne
6)4 Jan
4)4Mar
354 Jan 19
52 Jan 8 66VJan
49 Oct
19 Jan 18 21 la Jan
13% J'ne
12%Jan 21 18 Jan
10 J'ne
'9%Jan 29 7456Jan 8 66)6Maj
153 Jan 28 (5i«54Jan
145 Mar
11 Jan 21 14 la Jan
754J'ne
73 Jan 31 7< Jan
66 J'ne
19 Jan 31 34 Jan
81 J'lj
x5954Jan 15 85 Jan
74%Dec
1130 Jan 11 137iaJan 16 130 J'ne
ei Jan ;1 88)4 Jan Hi 77)6J'ne
Bid. Ask.
Street Railway.
Colum Ry— Con 5s.— 8«e P hUa. list.
CrosBt'wn— lit 5s..,..., Ilt9% 113
31
28
Grand Rapids Ry
J
7
3,163 78 Jan 1' 83W2Jan
4,047 195i!jJan i(l 2 3 Jan
4,193 18% Jan 22 ISijJan
1,163 5 514 Jan 21 65i2Jan
e 4 "a Jan 14
flSiaJan
100 20 Jan 31 25 14 Jan
810
Do
80 Dec
95)4Dec
5 May
38)4 May
1156J'ne
856J'De
60%J'ne
8
8
Jan 16
335(Jan
78 Jan
47iaJan
SSiiJan
l4794Jan
llHiaFeb
i9et4Jan
65=2Jan
»15«Jan
11 71a Jan
143 Jan
ilMStLU
«55<Jan 21 10 54 Jan
3* Jan 2i 52 Jau
1,130
16,335
Bx
137 Jan
a
3 lOu
is'.oVo
pref.
(Given at foot of
Bid.
&I
43)4Jan
80 Jan
3156J'ne
10 Sep
30 Sep
6%Jan 8
3'- i^Jan
7
esijjJan 15
36,43i
9,704
Standard Rope ft Twine.
685i Tenn. Coal Iron A BR ....
30 Texas Paelflo Land Trost.
1656 Union Bag * Paper
t
3
Jan
Jan
Jan
3
.
4
83% 84%
18
18
7
pref
Silver BuUion Certlf s.
68
Less than 100 shares.
OTHBB
Do
63
53iaJaQ
95 Jan
33 Jan
69 Jan
S8 Jan
8J94Jan
7
37
8
4
575
18.610
580
83,610
1,990
pref.
Republic Iron
16M
69%
•69)4
•135
143
61
143
84
70
I
5%Jan 34
31 Jan 84
456Jan 8
81 Feb 1
Jan
40 Jan
140
1,700
1,110
8,015
Pullman Company
loss-Sheffield S.
69
31
17
1656
70%
1856
68
63
•854
81
17
14
69
63
90
68
Ask.
114)6 118
104
108
91
79»i
19)4
20)4
67%
Do
79%
HigkeiL
SlHJ'ne
18 Jan 31
4556Jan 31
lB%Jan
744
eop'rsGas-L.&C.(Ohlo.)
101
39)4 Pressed Steel Car
X19956 300
301
sOHJan
"735
100
46% Pacific Mall
46
1
V
1
Lowest.
34%Jan 28
856J'ne
6'.J56Jan !8
31%j'ne 45)4 Deo
49)4Jan 31
3056J'ne 4554 Deo
23 Jan 7
1056J'ne 8354Deo
74V<Feb 1
49%J'ne 78%Deo
3912'an 9
13%J'ne 9iJ5<Dec
129'aJan 9
45)4Mar 135%Jan
71i2Jan 38 6i)6J'iy 70%Dec
l47HJan 30 136 Jan 146 Deo
8J4*Feb
4456Jan 8i56De3
SS^zJan 8
70%J'ne 8S5«Deo
14i(Jan 32
6%Mar 14 Deo
aa>4Jan 28
16 Sep 27 Deo
2
13'4Jan
8 J'ne 13%Dao
67^2 lan
3
44)4 Sep
58%Apr
8,900
pref.
Do
pref.
935i
179( (National Lead..,.,,,.,.,.,
Do
pref.
89%
National Salt
415i 43
Do
pref.
76% 77
40% 4156 National Steel
Do
pref.
91% 81)4
68% 61 National Tube Co
,
Do
99
pref.
99
•34
NewCentCoal (new stock)
36
N. T. Air Brake
160 166
,.,,
North American Oo
80)6 81
•6
Ontario surer
8
88
200
13)4
685<
68%
80)4
•6
8
41
47
9916 100)4
8
13)4
37
159
153
19%
46% 48^
79
800
99)4
S
70 Jan
93 Jan
P)6Jan
37 Jan
82 Jan
l«56Jan
82 Jan
40 Jan
72ialan
37 Jan
en Jan
53>2Jan
83 Jan
85 Jan
16 >2lan
(St. Lonls).
17
39% 40%
91% 91%
58% 59
87
164
1954
•6
38
9
21
405<Jan ai 48MJan
300 175 Jan 18 178 Jan
700
8VJan 19 10% Jan
16,400 4 154 Jan 81 5656Jan
100 117 Feb 1 138 Jan
300 14 Jan 18 ISHJan
34,075 187 Jan IS 196««Jan
49,609 S8»|Jan 4 45i2Jan
8,535 93^4 an 3 98!<Jan
600 8854 Jan 31 89 Jan
190,530 41 Jan 39 69 Jan
11,309 68 Jan 31 78 Jan
73 Jan 2 SOUFeb
l.lOl'
7,816 183i3Jan 10 19256 Jan
S3 Jan
1,331 47 Jan 81
95i2Jan 8 9756Jau
n09)4Jana4 118 Jan
Jan 33 2556<}an
4,030 2
8,896 «9 Jan 81 74)4Jan
a
4,100 54%Jan
5956Jan
533
7 Jan 31
11 Jan
410 34%Jau 22 28HJan
400 x74 Jan 24 77 Jan
12 Jan 8 18 Jau
Manhattan Beach Co
National Biscuit
13
38
62
6,180
9354
76
40%
91%
•33
•150
•8
43)4
63\4Feb 1
27iaiaD 21
14 1-2 Jan 8'
881-2 Tan 17
l6%Jan 17
388 72 Jan 17
87% 87
79
•90
39
Do
8856
3
4
31
15
pref.
Laclede Qas
76
100
18
8554
8554
4356
42
Do
•••••• ••••t'
75
100
80
4
21
"soo
pref.
C^^ Do
•34% 86
•78
•96
S
8
21
e8)6Feb
pref.
Anaconda Copper
Brooklyn Dnlon Oas
runsw. Dook40.Imp't.
117
69
75
78
sales
Bid
5s '39.J<bJ
756
13% 14%
Ooney Island A Brooklfn. 386
J4J 101
1st 6s 1903
is oertf s lndbtl908. J&J 100
B'kC&New
91
69)6
7H
OUTSIDE SECURITIES
Ot.8t.£N9w lst5s'06F,&A
O'p't & Lorlmer St. 1st 6s.
Clngi Co. Hlevated.—
pref.
.
1456
eo
138
60
134
83%
Bid and asked prices
6754
15
70
66
pref.
•14% 16
14% 14% 14)4 165< Col. 4 Hock. Coal A Iron.
193 193% 193 194% Consolidated Qas (N. T.)..
1935^ 194
48% 4654 ii% 4656 4454 45% Continental Tobacco .,,,,
Do
95% 98% 95)4 96
95
prof.
95)4
Detroit City Oas
89
Hi)
885i 89
Oederal
43'^
Steel.
46
43
4354 44%
44)4
Do
73% 74
pref.
70
71
78)4
705i
80
80)4 Oae & Bleo. of Bergen Co.
191 191
191 191% 190)4 101 General Blectrio
49
49
49
49
49
495< QlQoose Sngar Refining.
•96
96 98 •96 97
Do
pref.
97
H. B.ClafllnOo
30
67)4
pref.
Eniokerbooker Ice (Chio.)
4654
3754
3,666
1,588
American Teleg. & Cable.
American Tin Plate
48%
46)4
117
689i
•33
78
900
13>4 14
400
pref.
Beflnlng.
Do
9)6
4654
119
7
154
47
36
77
800
78
900
•116
7
7%
98% 100%
37
78
199
178
9)4
4654
675i
•6%
4354
•175
44)4 46
•116
120
8056
7>i
9k. 54
pref.
700
Amer. Steel & Wire (new) 379,745
75
48V4 44
•175
180
6956
195<
44
68)4
74
74
21
70
aoM
44
B75i
96
66%
68>4
99)4
38
164
99
•96
96
31
31
31
14,490
81
99,996 13' lalan 2l
550 117iaJan 3
850 194 Jan 7
13,440 65 Jan 4
880 87 Jan 19
53,444 llQiaJan 31
69
x58% 69H
89X
•6%
67
88
4
44
69
•I65i
8554
4954
178
8956
•90
79
90)4
•9t)4
4
3
300
63,550
6,350
9,870
91% 91%
69% 70
•38
•98
8!)4
43J6
pref.
American Malting
4fl)«
Range for prttnoMS year (1900).
870 1145 Jan 8 S155 Jan 31 111 Jan 1150 Not
18,185 8356Jan 31 9456Jan
2
895<Dec 99%Nov
6,980 xl9 Jan 21 3 3% Jan
12%Jan 3656NOV
4,948 xe7 Jan 19 73i2Jan
6756J'ne 73 Dec
3,403 ae^Jan 18 SliaJan
30 J'ne 3 756 Apr
160 88 Jaa 38 91iaJan 8
8856Sep 100 Apr
137 34 Jan SO 34 Jan 30 34%Jan 37 Not
758 1169 Jaa 18 «1»1 Jan 8 il43 Mar 191 Deo
l.SOu i37 Feb
1
41!4Jan 9 37%J'ne 4 9% Apr
Amerloan Cotton Oil
Do
pref.
,
Amertoan District Tel ....
American Bzpress.
American Ice
..!••••.
Do
88^ 881a
885i
184H 135% 18656138)4 American Sngar
Do
•119% 130
119% 119)4
••••••
94
17
91
435*
Do
4
Do
pref.
59% Amer. Smelting & Refining
Do
97% 98>t
pref.
3694 38% American Steel Hoop
Do
72% 74
pref.
69
•78
•90
38)4
•73
39
77M
40
•91
71X
9,616
59)4
9l5i
70)4
•8
•98
1654
»3H
73
98
87)4
71)4
4454
88)4
475
1,447
9,817
A dams azpress
'»^malgainat8d Copper..
Do
6M American Linseed
Do
•4)4
605<
.
American CariFonndry.
35
5
34
34
74
9
76
98
oi^
88M
88
5
36
•78
48
•••••f ••••••
•79
•96
10
88
•98
17
86
•4%
Jan
Jan
82 Feb
81 Jan
eo Feb
.
Do
64H
1st pref.
38% 88% „ Do
8d pref.
17>4 IVH Wlsoon. Central, new
Do
44
46%
pref.
iVlscellan^a Stock*.
70
9
81M
7SM 75M
.
e«
•35
68>4
97)4
68 Jan 29
30 Jan 4
ai^aJan 4
79 Jan 3
'
•83
33
365<
56%
66
33
86%
4S5i
84
86i4
134)4 133!4 184%
119)4 1119)4 119)4
•94
96
96
74
43
48)«
177J4 177)4 •177
9
132
455i
856 Jan
781 118 Jan
2,200 e85iJan
Do
100 147)^Jan
pref.
89?^ TTnlonPaolfloBy
403.605 78i4Jan
Do
84Vi '
86,803 8156Jan
...pref.
li>?8 Wabash
9,235 ll)*Jan.
Do
38%
pref. 43,130 a854Jan
ll?i Wheeling & L. a., new
2,900 1156Jan
Do
•87
•87% 88
88
88)4
114H 114!4 11054 11454115% 116 1155i American Tobacco
Do
• 18%
18% American Woolen.
•leM 18
1674 18
11654 1«X
43
•116
4854
400
400
49,330
81
hlrdATenneCN. T.)...
Twin City Rapid Transit.
3754
11>4
63)4
[Vol. LX3LII,
Highest
Lowest.
7%Jan
114)4
•78
43M 46M
86
69
98
67)4
67
83
56)4
{87)4
33)4
5
•4)4
86
•84)4
39
114)4 116>*
68
6]P4
33
78
90
115
llJi
28% 38%
18% 18
6)4
31
73)4
57?4
•64
13)4
pref.
yot.tr. ou.
1st pref.
8d pref.
TOt. tr. otf i
1st pref.
.
83%
13%
2.
Range for year 1901.
On basieof loo-th'rtlots
80% 32 St L. it 8. Vi„
Do
80% 805i
1,135
8d pref
6»M 60 ^^ Do
15,880 53%Jaa
88)4 33H at. Loals Southwestern
17,680 17 Jan
Do
6l)( 52
pref.
15,950 41ialan
46>4 49M Sonthem PaolfloOo
878,670 4 054 Jan
Southern, Totlng tr. otfs. 175,060 18 Jan
335i 23
Do pref., Tot.tr. otfs. 41,676 67)4Jan
7354 74)4
875< 39>s rezasA PaoUlo
60,660 88)4Jan
,,,
845«
88%
Sales
of the
Week.
Shares
Page
Wmteni
Do
Do
,^
89)4
73H
B6«
21
21^
98
36
43
IIX
Do
155
21
98
87
86H
I'M
85
84
(2 pages)
St.J.AQ.IiU
il66
156
1151
163 1155
155
89% 89)4 89% 9154
9854 89
'
8I|4
'
39
9156
21 i| 81X
31)4
69^ 69)4 6954 69M 69)4 69)4 69% 7056
30
30%
30H 81)4 3054 31)4 80%
•88^3 90
89
89
•88
188
90
90
•84
•38
34
38
35
34
34
88
1176
1174 178
180 •178 185 1178 180
37)4
88)4 38X
38)4 S85<
38)4 38% x37
•68
•63
69)4
68% 6S% 6854
168
89
60J<
3fc«
38)4
83)4
18)4
87)4
55
68%
86
84
38« 88H
16
41K If"
97)4
36)6
«i« aiH
70
70H
68M 66»i
•7)4
88)4
6
34M 84^
n«
98Ji
««M 44H
94
94H
*48J<
S15i
•41a
5«
65
84)4
83%
13M 18%
87)4
68
128
•144<
1989i
5«
•54
38)4
•88
•80
prices
STOCKS.
STOCK EXCH.
Bio Oranda
8
147«
147)4
83)4
83J4
27
41M 43K
177M 177W
•9
10
45» 46>4
•lie
69
173H
38« 38M
84
83M
ISH
37H 88H
13X
83J«
13S4
68?i
17
71
•71
•68
88X
5'«
47H
31%
7CM
i70><
36!4
57J<
•87J<
90
85
31
60
909i
30 )»
80)i
6954
38)4 83%
61)4 6i?«
47)4 40>4
219^ 88)4
30H
73!4 73H
71?^ 73?4
71)i
88
87!4 38
87)4 88)6
180 il80>4 130H iiao 120
62
47
e8H
96
114
31
•88
•33
1178
60
90)4
80
». Y.
70
96
•75i
30)4
23
2}K
51
46^
80H
3^)4
87
118M 119
06
67
155
8
69
81
68)4
98J«
73X 78K
40^ 41H
88X 86«
133J4
18
40
88« POH
aiH 8ai4
69H 70M
88K 89
•96
•110
|iao
•79
58
58
84
le
188
49
70%
71
88« 84V<
83i4
88H 83«
13K
13H 18?t
asH 37% 389<
IV" 19H 18^ 13H
•84
•54
66
56
a8« 99
88M 28«
83
83
67«4
8354
61)4
46)4
19«4
7)4
88« 20X
98H 29
79H 79%
68
•65
•93
8
59
80
Friday,
Feb. 1.
Jan. 31.
95
•7)4
8
59
39M
79H
•93
95
81
88^
70H
67X
asH
61«
Jan. 30.
65
•TX
8
I9« 9n^
71«
37^ 88H
131
130 181
70« 70« 7m
7m
S8
•119
95
•7«
8
Wednetday Thursday,
.
...,..,......
.
.
X 79
17%
80
Kansas City Bl 6s.. 1938 1118
J&J i 89
Guar 4s 1938
10
Lake 8t (Chic)Hlev-8took
81
18)4
81
115
91
10)4
JShI
95)4 97
deb Si 1938
Louisv St Ry-6il980J&J 111856 119
83
83
Common.
••..
118
U3
Preferred..,,,...,.
Street Railway.
LynnABos-liioi ii4.JAD
Mlnneap BtBy-5i'19.J&J
New
Orleans City
Ry
Preferred
North Chicago Str— Stock
Ist 5s 1906-16
J&J
North Jersey St Stock.
Bonds
Pat Ry con 6s 1931 .J&D
2d 8s 1914
AaO
Prov * Pawt'ck-tit 5i '33
accmeil
Buyer
pays
i
<Sg.
.
Feb.
N
O
J8
.
.
BONDS
ar.Y.BTOOK EXOHANOE
Wbbk EMDisa
.
THE CHRONICLE.-BOND
2, 1901.]
Feb.
l.
Priet
Friday,
Week'B
Range
Range or
Feb. 1.
Laai Bale.
Tear
190 0.
A»k. Low,
Bid.
Lote.
Bifffi.
High
See So Rj.
Alabama Cent.
56
SH
96K
1C8^ 108M 449
1995 A-O
102H Jan.'Ol
1995 Nort "oiKSai'e" SOH
elH 74b
1995 Novt
79HDe0'99
Beslttered
djaitment
g 4i
E«»lit«re<l
1996 NOT+
SUmped
Bqnlp tr»erAg5s....l902 J -J
Ohio *8t Lou litfls.. 1915 M-8
Atl
Knox A No
00
J-D
lit R 58.1946
lOS
Atlanta 4 Danv. See So Ry
Atlan A Yad. See 8oath Ry
Anitin A N W. See. 8o Pao.
Creek A 8. See Mloh Cen
Bat
prior g 3MI-1935 J -J
alt A
-
J -J IBS
J -J •189
J -J •189
J-J 189
179
114«
nek
118
114
Begltt«red
97K
BOX
Bale
Ibs^Sale
lOm
fcO
90
108W
90
M-8
"s
HI
May'OO
111
J'ne'09
8EH 98
ill" il8*
SirarA7ttiAT. Set Met 8 By
Bkirn A Hontaak. See L lal.
BnuuAWest. SeeSavFAW
T A Brie. 8m Brie.
1937 M-8
BnffBAPgengSi
Bnir N
117
117
117;
Bale
100
1947 J -J
A-O
All AWeit
01AMahl8tgag68...1948 J -J
Soeli A Pitts l8tg 68.. 1981 F-A 197
1032 J-D 128
Oonsol l8te
Bnff A Southwest. Se«Brle.
BnffASMq lit gold Ss.. 1913 A-O
1013 A-O
BMlstered
1906 J-D 107
BnrOBANlstSs
Oonl8tAooltrg6i....l034 A-O 110«
1034 A-O ••••••
Beglitered
OBTf a N W Istg 68.1021 A-O 118«,
MA8tLl8tgag78....1027 J-D
Canada Soath lit Si.. .1008 J -J '107
1013 M-e '109
SdOs
1913 M-8
Beglstered
iBtg l8ga.l998
108
180
11 6M
BegUtered
>«•«•• ••••t
Apr '97
Jan.'01
•
«*•
180
194
187)fi
Dec'OO
100
NOT'OO
107
107
119M
119%
11 115
NoT'OO
118M Dec'OO
lie
80-year debenture 6s.. 1 92
1921
Registered
Sinking fund deb 5a ... 1 933
1933
Registered
181
128
DesMoAMlnnl8t78.1907
8
117
I
,
HI
107
107M
111
lu4
Apr'OO
108
Esoan A L Sup lat Oa. 1 901
Iowa Midland lat Sa... 1900
tISM
18 106
100
104
Oarb A Shawn. See Dl Cen.
Oar Cent. Bet Seab A Roan.
100
B«
04
9iM
IS
fi«
96
99k
11
ISO
NoT'OO
A O.
'
Omtof Oa By— l8t g 58.1045 F-A* 118M 1S8
1945 F-At
1945 M-N
1945 M-N
Beglstered
OonaolgoldSi
Beglstered
108M
70
Income g 58 ..194SOot.t
27
8d pref Income g Ss. .1045 OaUt
Ss.
1945
Oct.t
13
Sd pref Income g
MANDlTlstgOs
1946 J -J
Mid Oa A AUDIT 68... 1047 J -J
MobUeDlTl8tg5B....104e J -J
0«ntofNJ-lit cons 78. 1002 M-N 106H
Qeneralgold 68,
1087J128M
1087 Q-Jt 137
Beglstered
Oonrertlbla deb 6s. ... 1 908 M- N
.
. .
Am Dock A Imp Co
Sale
8
96
102
106
887
109H
109M
187
180
.....
113«
icd
88)4
08
9)4
660
18M
Dec'OO
187
Ang'OO
108M
118H
new
1911 A-01
1936 [tl-N
Qold 68
litoongSs
1939 M-N
Beglstered
1992 lU-e
Qen gold 4^8
Beglstered
1 992 M- 8
Oralg Valley 1st g Ss.. 1940 J-
BAADlTlstcong48l98U J -J
adoong48
1989 J -J
Warm 8pr Yal l8t g 68 1 94 1 MBill Lex A B 8 gn g 68.1 902 MA Alt RU— H t 68. .1908 M-N
Refnndlng gold 3b....194( A-O
U 8 Tmst Co receipts... A- O
MlBsRlTBlstsfg 6S..1913 A-O
Ohio
lie
113
....
118>i
121
Bale
130H
117
ioi"
.'.'.','.
'lOS
'
,
103
Registered
Iowa DlT sink fd 58
...
J
-
1019 A-
Nehraaka Bxten 4
1927 M-N
RegUtered
1927 M-N
Bonthweatem DIt 4a.. 1931 M- 8
1Q03M-S 145%
Debenture Ss.
HanAStJoa oon
1913
M-N »111
6s.. .1911 M-8 188K
OkloABIU. lit 8f ear 08.1907 J-D 118H
Small
1907 J-D
latoongOa
1084 A-O 186
a«neonlst5a.
,.1887M-1I
BesrltUred
1087 M-N
Ohle A Ind By lat 68 108e J - J lis
^oage A Brie. 8m Bn*.
*
J
1947J-J
Refunding g Ss
LoolsTNAAOh
-
lst68..'10J-J
No Price Friday;
latest bid
....,,
110
IDS
US
Bale
128)4
Street
Railway.
8d68 1933
,
Bid.
81k 80
lOOKlOS
145M
108
lOOM
117
114
111U190
100
5 118
118
180
186
190
103k Feb '00
103% 108%
NoT'99
H8% 11
Jan.'Ol
18014
lS8k
180 Jan.'01
188?^ Jan-'Ol
139k Apr 00
118k
110
180
136 V
180k 133
130%
10894
Jan.'Ol
•
Not' 00
110
107H NOT'OO
96 May'OO
130
180
184
187 183%
08 103% 109%
105% 107%
90
98
80% 80%
Dec'OO
00
lUk uik
113%
111
i8s;
•••
8flk Ang'OO
97
118'
183% 180
183% 187'
187% 187
189% 1»0L
106 107k
107k NoT'OO
100k Ang'OO
116'
A-O
107%
100%
188k Jan.'01
18054
Sado
117
110
110
180M
,
110
184
'
lB0kl31
07k
119
185
133
140
131
04
100
107
07
114
103
90
105
00
98
97%
69
84
OtS
114
04
108
68
104k
18% 118%
'01
03 " 106%
100% 104%
106
May'99
Oct-'OO
04
04
NOT'OO
104k
I04k
106
lO^tf
118^
Jan.'01
114
134
180
135kJan.'01
• • e
lliM
eat
134
138% 187
134
ib'i% if i%
ioiji Dec'bo
97%
86
048
84%
111
Bep.'00
84
100
95
60
111
180
Jan.'01
188
138
78
7 Ok
77k
79
86
98k
Bale
Bale
48
Sale
78J4
Bale
60
8394
80%
•8
1893
81
897
H
OolOonnATorm. 8m NAW
Oonn A Paa BiTa
lat g 4a. '43
DakAQtBo. 8m CM AStP.
aUaa A Waco. 8*4 M K AT.
107
117
79k
138%
111
Jan.'01
99
94
83
110
* Biarlotta. SmPaBB.
108
117
1
Jan
9ak
.
•...1988
Peo A BMt lit oon 4a. 1040
1000
Iiieomo4a.
ILor AWhoonlatSa.iess
103
115
Oct.'00
118k
104H I04k
•
Dec'OO
186%
Oct'OO
J'ne'OO
Jan.'00
118k
104
M-N
M-N
M-8
J-J
M-N
lU.-
180
119«
119J4
113
'
118
9794
Oct.'99
103
lis
113
J -J
188
140
181
OOk
J-D
16 181
131
140
11 187
180 91
135k
NOT'OO
May'OO
100
Bagtatorod
1088 Qa-J
ClOT A Pitta. Bee Ponn Oo.
Col Mldl'd— latg 8-ii... 1047 J1047 Jlatg 4a
Col A Sou lat g 4a
1080 F-A
OolAOthAT. Sm Met St Br.
Oolom A QroenT. Bm So By.
Col A
YaL au Hook YaL
115 115
118« "2 ie5k 115k
I
111
110
113k Apr'OO
111k Apr'OO
180k NOT'OO
108k
CleT
Aug'OO
31
Jan.'Ol
14C% ClOT * Mahon Yal g St.. 1088 J -J
118
119
lOflH
114
114klli%
105
118
103
113
141
188?6
103
18Sk IBS
118)i
Dec'OO
110k
180
181
188
144
107
107
107
Dec'99
116
11714 Feb'98
184 Jan.'Ol
111
110
113
133
110
114H8ep.'00
16 119
107
117
118
180
107 107
10 105k 110%
Oct.'00
Jaa-'Ol
lOek
OIndAW lit pf
107
186)4 Jan.'01
n7«
111
lllM
131%
119%
87k
lOOk 118%
106k
108>» 111%
110
NoT'OO
116k Dec'OO
MO
108M113
100k
180k
108k
118k
AC
I
.
1
Jan.'Ol
Jan.'Ol
11994
•104
OOOB 68..1920
latg 4a
1936 g-i
Vb 104k Bale
BegUtered
1936 i-Ff.
114
Cln B * 01 oon latg Sa.1988 ?!
A I oonaol 7a ... 1 9 14 J-S 185 137k
C
1914 J-D •135
ConaolBf 78
Gen eonaol gold Oa 1 93 i J -J •ISlk
Boglrtered
1934 i -i
00* 171.1901 A-O
CAB lat
C
11354 117
14
118
W WBt L
104N
lOOk 103
looK ie6k
145
111
1993
St L DlT lat col trg 4a. 1000
Beglatered
1990
Bpr A Col DlT iBt g 48.1940
Val DlT iBtg 48.1940
98% 93
91k 03
103
119)4
110
108
lllH
OlnWAMDlTlftK4i.l001 J-J
10494
16
Sale
Bo Bide Bn (Chlo)— stock.
.07%
110
90
09%
09
18
Preferred
60
United Rys (St L Transit)
19k 19%
Preferred
74% 76
Gen 4i 1934
JAJ i 89k 89%
Dn'd Tr4Hlec(PrOT)-8t'k 110
nik
Weit Chicago 01
99
100
Cong 5i'i930
MAN 1100% 101
(Given at foot of
Gae
Aik.
86% 36k
lAO 1108%
union Trao (Chlo) Com.
Cairo DlT lat gold 48. 1939
10914 118)4
104^ Dec'OO
117k
ink
11094
11794
11694
A-O
and aaked this week. tBondsdaeJoIy. tDueNor. IDaeJone. TDaeJan. IDue May. a Option aalea. bDue Aug. cDneAprll. dDaeOot.
..JAD
B7Taea8eRap.Tr., 68, 1840
486
11254
119M
11 IM J'ne'OO
lOOM Oot.'00
117
lis
OUTSIDE SECURITIES
ftoohester Ry
Oon 58 1930
93% 622
104M Apr'OO
108M Jan.'Ol
1C4M 104^
182^
aeng4a
9ek
104k 100k
Jan.'01
OBM
USX NoT'OO
118
OonTertlble 68
Oh iB A Louis— Refg 68.1047 J
I
USH
1919A-0 106H
4a
94
103
107)4
ib'oM ibs
101^4 Jan.'Ol
.
1949J
100
101
98
106
117%
110
120
Ang'OO
18914 Jan.'Ol
107« Jan.'01
107k Jaiu'Ol
109 Jan.'01
107
Mar'OO
iii"
A-O
J-J
M-N
1905
1937
2dgold4kBcm D A I Istgng
1179(
\
86
BiH
1C8H Jan.'Ol
.
.
Nov'OO
Jan.'01
94)i
3^8. ...1950.1 -J
84H Bale
7s .1903 J - J '108H
Sinking fund 6s
1901 A-O lol«
Ohio A Iowa DlT 58.. 1 905 F -A
DeBrDlT48
1922 F-A lOSM
DUnolsDly g 8Mi....l949J -J 108K
A Q— Con
103
106
103
118
184k
109
16 166
118h Dec'OO
18014
13^
jSMOICent.
10
lOlM Apr'e9
108H Jan.*01
lOSH Jan.'01
105
108
10«
03
iiailwai/. gold
Ohio Bnr
IIOH
n»
119
184
180M
110k 117k
n
I13k
110%
•11714 119
11754 ,....
LA Pitta. 8m Pa Co.
PM AC eon Oa.. 1930 J-D
5b.. .1941
IIBM llOH
llSk 181§4 CIBILAC. flwCCOAStL.
117
117
Cln B A C. Sea C C C A 8t L.
209 95k 104H Clearfield A Mah. 8m BRAP.
90
93
C C C A at L—
118H
181
J'ne'OO
104% 107
91H Ang'OO
108)^ Sale
LANG.
Cmn ADoonsf 7a
t
180
117
118
110)4 Jan.'Ol
187
187»»
8k Jan.'Ol
llCk Jan-'Ol
189
1923 A-O
SmaU
OH Chlo ABtLSeeAtOh TAB Fe
.
aer A..1908 A-Ot
lat 5a. .1033
n7Ki80)i
Jan.'01
Jan.'01
l30k
116H Jan-'Ol
137k J'ly '99
12tH Jan.'Ol
12Bk
M-N
A-O
A-O
M-N
M-N
F-A
J-J
A-O
M-g
M-8
M-8
M-N
M-N
F-A
J-J
M-8
F-A
M-N
J-J
J-J
iiekJan.'Ol
120)4
nok
105 100
106« 111)4
Ch StP A Mln lat 08..1918 M-N
80 117)4 190)4
Nor Wlfoonsln lat 6a..l930 J-J
116
187>5
BtPAS01tylatge8..1919 A-O
130 180
Chlo TerTranaf erg 4a. .1947 J-J
ChAWeetIlatafg6a..l0l9 M-N
118)4 117
1932
General gold Oa.
100 106
Chic AWeat Mloh By 58.1921 ?--S
49 100
1931
Conpona off.
108k
Choc Okla A G gen g Sb. 1 91 J-Jd
J'ly'OO
Jan.'01
108K
iH
KeokADesM
109
80k
Chlo St
Chlo St
Chlo St
J'ne'99
Oot.'00
J
106
88K 100
28H sae
78
Beglstered
112k lies
114H
;UH
IIH
180
1017
1017
1088 J -J
1088 J -J
Registered
DeBMAFtDlat48...1005 J -J
1005 J -J
latSka
1005 J -J
Bxtenalon 48
Os
Qeneralgold 48
180
90
106H Dec'OO
128
188H
Bale
191 2 M-N
Leh A W B C 5s
Con eztguar 4^8.. .1910 Q-MI 108M Bale
C«nt Paolflo See 8o Pao Co
Oharles A Say 1st g 7s.. 1936 J - J
Oh«BAOhlog68
Mloh DlT Istgold Oa 1024
Ashland DlT fatgOa 1085
ConTertlble deb 58..1007
1911
Incomes
104
90
Oot,'00
0OM
20«
Sale
Bale
Bale
J 113
LeAHad Rgeu gag
OttCFA8tPl8t68..1909
Winona A St Pet 2d 78 1 907
MULBAWlBtg6B...1921
BxtAImpsfg5s...l929
87M 99
01
06%
117
108«
99M
96
lit pref
5s.l921 J 5s.'20 J -
Sa..
ChlcUocklBlAPM—
Ocn Branch D P Istg48.ie48 J -D
See Bait
North Ullnols 1st
U8M
lOarthage A Ad. Se«NTCAH.
O B la F A N. See B K A N.
OmBR A B of Oa—Col g S8'87 M-N
MIlAMadlatOa
11894
117)4
1905
.1910
,168k 178
178U
2b 178k
166)4 1^1
l< 166
\blM
1»8
Dec'OO
182k
.
.
.
Oantral Ohio.
....
nek
n»H
nsH
J -J
J -J
J -J
J -J
J -J
1910 J -J
1908 J-J
1909
1800.
Dec'OO
189
Chlo A N'weit—Oon 78.. 1 9 1
1902 ?--£ 107
Qold 78
1002 J-D 107
Registered
Bxtenalon 48. .1880-1026 F-A 110
£legl8tered .... 1880-1 080 F-A
1087 M-N 'lOOk
Oen Gold Ska
1987 Q-N
Re«l8t«r€Kl
Sinking fond Os. 1879-1929 A-O
879-1
029 A-O
1
....
Beglstered
Sinking fund Ss.. 1879-1 039 A-O *l08k
Beglstered . .1879-1089 A-O
86-ye*r debentare 58 .. 1 00 9 M-N 100"
.
Year
i^(|
172k Apr'OO
IrSk 190
. .
8*1 A Oar. Se« Illinois Cent..
IBooneT Bridge. Se« M K A T
la
Aik. Love. High. No. Lov>. High
J-J n8«
J-J 182H
J-J
J-J
J-J
J-J
WlsAMlnn DiTg 6s. .1921 J-J
MUANolstM L68...1910 J-D
1918 J-D
IstoonsolOs
91
I
106kFeb'98
litLaCroBseA D BS..1919
Mineral Point DIt 5s..1910
1st Bo Minn DIt 6s. ...1910
1st Southwest DlT 6B..1909
08M 98)4
97^ 108M
99H 101
85
OOM 84S
80H
"eoiiBalii'
i'l'i
Jan.'01
80^
Bale
31C
J-Ji
Q-JI
J-JI
J-JI
ChlcALSu DlTg5B..1921
Chic A Mo HIT DlT 5b. 1926
1910
Chlo A Pao DlT 6b
ChloAP Wist gSa... 1921
1916
DakAQtSogSs
Far A 80a aaia g Os.. 1924
IstHaatAD DlT 7i... 1910
84M 84M
ibs" ib«
91H
iOiH
108
Begl8tered
Bonthw DlT iitg UMI.10S5
1025 J -J
Registered
Monon RIt iRtgns Si.iei9 V-A
OenOhloBlitOK 4^8 1930
BMOh Creek. 8e« N T C A H
Dec'OO
97
98X 108
Si
PJnnAMDiTlitg 3^81925 M-N
Debentare 38
1914 J-
litIADBxten7i
1036 J
J
1948 A-Ot
1048 A-Ot
eold4i
106
"48
90
Ft'j. 1.
Gen gold 48 series A... 1989
1989
HegiBtered
Gen gold 3ks series B. 1 989
1989
Registered
. .
1
B«8lit«red
90
Week
Bangeor
LxttaaU.
5<£ Bid.
90
98^
78^
231
1.
* 8t Paul—
MABtP-Ut78»gRD.'02
RD.... 1902
gold
lat 7b A
1003
latCAM7a
ChloMll A St Peon 78.1905
Terminal goldSa
9fiW Bale
103^1^ Bale
Pagb
Price
Friday,
Chlo Milwaukee
W.
SeeUiB..
AJle«heny Val. SMPennCo.
AUeB. A W. See B. U- & PAm Dock* I. SwCenofNJ.
1995
Ann Arbor lilg4i
Atoh T * 8 KeKen g *•• -1995
J
5
9
1
(5 pages)
BONDS.
N. Y. STOCK EXCHANGE
WiKK EirsiBO Feb. 1.
IjkMld. Se«ea». FIb.4
AJbanT & Snsq.
PRICES
Bid.
Seenrltles.
Torceiter (MaiB)Tr-f^m
Preferred
. .
Con. Ss
.
1938— S«« Stock
Mutual Gas
N.
Ask.
80
108
Ist oonsol 5s
Lt Ht A
Gas
Seenrltlee.
Bid.
Ist 5i
1944
.•.-
Pow—N.
100
1st 6b
St.
896
800
109
Y.Btk.
Gold Ss— 8m N. T. Btk. Bzch.
List.
MAN
OTHHB 0ITIB8.
Baltimore Consolldat— 8«
•
133
150
117
Bait. Llsi
M 1
Boston UnltedGaa Bonds- -Boito nLli'
Bay
109%
Bzch
1930
109
105k ICO
130
143
116
State
Gas—
Buffalo City Gas— Stock.
1st Ss Bonds
6
1
74
9
70
die.
Bid.
Seenrltlee.
i;Uoago Gas- 3m N Y Bto ok Bz oa
184
nnolnnati Gai A Coke... 163
47
:ol Gaa L A Heat—Com..
77k
Preferred...
JAJ 1113k 114
,
Bz.1l
Gaa
Ask.
N T A Bast RlTer Gas—
«108% 100% Standard Qaa—Common.
Y Stk Bxoh Preferred
Amsterdam Gas—
NT Blec
oonsboutivb vA.Qm).—QA8 SECURITIES,
Consol 5b 1945
JAJ
Nor Un 1st Ss 1987.. MAN
NBW
TORE.
Cent Union Qai— lat 6i
Oon Qaa (NT)— Stock—
qalt Gas-
34
105
7
JAJ no4)« 1C0%
1938
1st Sb
Cjnsolld
Gaj(NJ)—8t«k
JAJ
1936
Cjnsol Gaa (Pitta!.... 50
1st 5i
'
60 t
Pref
Bonds Ss
Consum Oaf
Istrtf
(J
16
86
80k
City)—
1914
lAnd
10
80
tpterfst.
MAN
1104
tPrloe per
sta
C0%
114
100
are.
A
1
(CM
BONDS.
Cr.T.BTOOK EXCHANGE
Wbbk Euddio Feb. 1
Si
A
Weiten:i7t..l907
«x
lit 7t. 1914
Horrli*
1871-ieOl
7b
1915
liteon Rnar 7i
1915
ReRliMred
Range or
Year
Feb. 1.
La$t Sale.
1800.
NT Lack AW
A$k. Low. High,.
193H
139H
M-N 138H
A-O 104H
J-D 138>«
J-D
188
BeKlitared
Beni&Sar lft7t
1921
1921
ReRUt«red
BB
A-O
A-O
W-N
Bg«.
Det ftMaok lit Hen g 4t.l99S
199S
Gold 4
Dnl Alron Bangelit5i.l937
.193"
Begittered
116%
ISI
108
aalc
108
,
107H
Gold 3)«i
14154
RegUtered.
138*'
ias"
119
138
g«*"^™d
1961
1961
Reglitered
1951
Mem DlT lttg4i.., .1951
^glitered
1951
OolO 8541
11254 llSVi
147
148H
148M 14894
Stl,Sonlitgng4i...l93l
lit gOi.... 1935
Ind Deo
108H
98Ji
Nor 00
90
iia
84)(
A-O
A-O
•110
S«« 80B7.
lit g Si... 1041
ABB. S«« A 0.
AB
103H 148
87
HIM
23
87M
118
8
118H
7654 90
107 111
110
1
1
W—
•
.
,
Co.
t A T B litoon6«.....19ai
lit general gold Bi....l943
lit ei.,.,.,1083
Mt Vernon
F-A
J-J
A-O
A-O
A-O
..
..
e«
184
108
125
108
•••••1 ••l««i
Bull OoBr'oh lttgBi..ieS0
BrAIndlitoon gn g dt. .1986 J -J
Fargo A Bo. 8m Oh M A Bt P..
Flint A Pere M g Oi. ..1930 A-O 124
105
NOT'97
184
180
Dec'OO
•
I...
Sep. '00
18654
102M 110
•
•
•>•
•••
108
100
....
186 Jan.'Pl
ISO
liteontolgold 6I....1989 M-N 108 ....
108 Jan.'01
108
PtHaronDlTlitg 01.1989 A-O •Illljll239 110
1I2H 188 lOf
FlaOen A Pen Ittg St. 1918
J
100 Sep.'OO
100
lit land gr ezt gold 5tl930 J -J
.... .*•*••
1943 J -J
Oontol golds
• »•«
Ft B A y B Bge. fiM StLASF.
Fort Bt D D do Ittg 4UI194 J -J
105 Mar '98
Ft
A D 0— lit g 4-ei 1931 -D 88 Sale 7913
88
181
70
FtWA RloOrlitgS-4t.l938 -J 6»H Bale 88
60
69)a 161
.
186
10854
110
100
194S J-J1
go g 01.1929 J -J
Georgia PaolOo. Sm Bo B7.
lit oontol g St
Ga Car & No
102%
108
106
99M 99^
*
lit
1091,2
84
89X
89
9854
9954
Deo '98
98X NOT'OO
99M Jaiu'OO
HY
W
,
Ingold 8iit«rllng,.,,196i
RegUtered
OoU Trntt gold
1961
4|
RegUtered
L
no A Tex gold
4|
1962
1952
196S
1963
Beguterea....
Cairo Bridge gold 4i. .I960
1950
Begtitered
LoaliriUe DlT g 8ii» '195'<
BegUtered
Middle DlT reg
*
1963
M-S
m-s
A-O
A-O
M-N
M-N
J-D
O
J -J
J-J
61..... 1931 F-
No price Friday;
A
•954
••••tt •••aei
(i)n»
Y Bxo
ttez A HndioD Gat
Fort Wayne (Ind)
JAJ
Srand Bayidi— Stock
FAA
1915
Hartford (Ct) Gat L... 25
lit 61
HndtonCoOat
Stg 1949
Indiana Nat A 111 Gai—
MAN
lit 6i 1908
UidlanapoHt Gat— Stock.
lit 6b 1930
MAN
Bid.
Dec 00
113M Mar'OO
106^ Deo '00
354
lOi
19*
lOSMllOK
7
184
1954
135K
9654
3
88
64
6i
111
11754
e9« 539
81
70
675i
llOM
68
67 >a
6854
»M
118%
W-N
L^ V N T lit gng4)4i.. 1997
1940 J-J •110
RegUtered
1940 I-J no .....
Leh y Ter Kj litgn g Sil94l A-O
BegUtered
1941 A-O
L y Coal Co IH go g Ii. 1983 J -J
BegUtered..
•( •• •«
....193S J -J
Leh A N T lit gn g 41. ..1945 M-8 97
|;e«l«J««<l
1945 M-8
Bl A N Ut g Iltpf6l.l914 A-O
GoldguarSi.. ...... .1914 A
Leh AEndR. Sm Cen ofNJ..
Leh A Wllkeib. Sm Cent NJ.
Leror ft Oaner yau SmMoP.
Lex At A P F. Be* Met St Rr.
Long Dook. Be* Brie.
Long Iiland—
litoong 6i.....
iffsi tJ-J5 183
lit 00Dg4i. ........ ..1931
108
103 104
Oeneral gold 4i,,
1988
Ferrr lit gold 4541. .,,1988 M-8 104
Gold 4t,.,.
...,,,,1988 J-D
Dnifledg 4i
98 • •> •
1949 W-S
95 •••
Debentnregold 0i.,,,,1984 J-D
119
Bklm A Mod lit g 6i. 1911
Itt 6
1911 M-b 108
N T B AM B oong Ok. 1936 A-O 108
N
lit gii..,. 1987 M-8 108
• • •
•
,
.
V^
'
•
NorShbliteon ggnii..'8a
LaAMoRlT. fiM &1 A Alt
LovltTlUe A NaihTlUe—
g-o
110
Dec'OO
101
98
e • •
lltg ei... 1919
A
,
1
..1937
Atl lit gc g6t.l921
anhattan
10854
110
113
10854
108
Sale
i'l'J" Bal'e'
J'lyl
79
80
87
Bale
185<
A-O
A-O
M-8
J.D
1917
2d serletg 5i ..,,,,1919
4ax Internatlitoon g 4i.'77
1937
<ez Nat lit gold 81
Sdlno6i A Op itmpd.1917 M-8t
td Inoome gold 6t B..1917 An.i
<«x North lit gold 6t .1910 J-D
1910 J-O
RegUtered
K lob Cent.
I
118
106%! Ui
109
L18
,,«<•
111
llIM
.,•••
M««M
95
25
96
91« 98M
10154 Sep.'99
188
ISO
Jan.'01
•a a •
• •
104
106
100
99
aaaa
1
96
laaM
104
9754 100
Jan.'01
Oct '00
100
86
99
18^
99
..... t»**«4
Ang'OO
110
107
105
113
Jan.'99
May'OO
Deo '00
88
Deo '00
67
• a
•«
NOT'OO
Jan'BM
Dec'OO
Jan
118
118
lllM
i'o'o'
100
118
116
las
96M 109
963 100
10854 106
11154 110
• a a
Jan.'01
Oct.'00
18654 Jai.'Ol
6354 Oct,'00
98^
98J4
112 Jan.'01
lie
106U lllM
ili5< Jan-'Ol
10094
10054
106
115
108
ISO
117
116
106
106"
•
•a
13
187
117
115
198
180
117
110
187
6854
9514
10754
!??«
'01
109
Jan,'01
Jan.'01
107
6854
llOM
111
9654 Oot.'99
81. ..,1936 J'lyl
98
110
10954 Jan.'01
J'ly'OO
10954 Oot.'99
10314 NOT'99
112
Jan.'01
Jan.'01
IU154
10054
-D 112«
M-N
Metropolitan BL fiMMan Ry.
Mex Cent eon gold 4i. .191 J-J
10454
110
119
111
Sale
•
•deonlnoomeg
SonlpAoollg 5i
I
130
Col tr 6-30 g4l ....1903-18 A-O '100
1907 Bi-e 106
Ceoel Br 7
A-O
A-O
J.J
W
J-D
SmPMoEAT
MeE'ptABY.
186
100
Jan.'99
Jan.'01
JaiL'OO
e«
General gold 8i.,,....1880 J.D 119
Qold Ot...
,,,,....1987 »I-N 111
Cniliedg4i..,., ...,,,, 1940 J.J 101
RegUtered. ....,,., ,.1940 J-J
1931 M-N 110
rolltrQttg6l
F-A
F-A
eANAoongng6i....l936 F-A
eiDkfd (BAN A) g6l..l910 A-O
LAJeffBgtOo gng 41.1945 M-B
LNAAO. SmOIAL.
ah on Goal. fiM LB AM 8.
11854 11354
10454 1085t
Ang'98
•
Pent
116
114
104
110
RegUtered 5t
By oon4i.l990
1990
RegUtered
MetropolBl Ittg6i...l908
10654
Man B OolonU g Oi. 1934
98
11654 ISO
10854 120
12?54 Jan.'01
117 Jan.'01
11654 Jan.'01
14
10654
i'l'?"
106M
118
i'17'
"14 i'li" iis"
8054 Jan.'01
27
2654
13% Jan.'Ol
85
85
99
106
88
>»Ti
70
61
36
108M Apr'OG
Apr '00
81
3054
10
1854 J'ly '00
Blay'OO
88M
8854
108
81
18
100
100
Ifk
10851
81
17
lOiM
Sm N Y Cent.
KLBAW. SMChloANW
108
102M
102)4
Aik
40
148
* • •
a a
40
108
60
46
95
1
•
•131*
46
66
106
104
93
1
188
iCtdofNJ. fiMBrte.
85
86
46
100
1103
45
98
67
118
LebVal(Pa) 0oUg6i..l997 SI-N
NFIaASlitgngSi
108HApr.'98
98
h. lit>
86
108
136
100
. . .
ib'a" 108'
116
104k 104
lOSM
Dec'OO
.
104M
10854
18454
iia
L8AMB. Sm NT Cent.
liteon inoome g8i...l939
188
100
10854
••.
t Bonds
doe Aogost.
(Given at foot of
Uh» 8eenrltiee.
Kansai City Gai
100
Bid
80
6i 1933
AAO ilUO
Laclede Gas— N T Stock Bxob
Lafayette (Ind) Gat
40
lit 6i 1984
MAN 46
Loganapt A Wab Val—
lit 6» 1985
JAD 46
Madlion (Wit) Gat— Stok
71
lit 6t 1936
AAO 10754
Newark Gat 6i 1914
il40
Newark Oontol Gas .100
6i 1948
JAD 1104
New Bng Gas A O—8e«Bo itonL
.
Be* Ohio A N W
A North. SMOhMABtP
Vn A St P. Sm Oh M A Bt P
KllA Mad.
Mil
Ma7'99
theie are latest bid and asked thU week,
8*eurtlleB.
Ilt6i 1935
104^ 190
iosji NoT'bo
••••• •••••• 104
OUTSIDE SECURITIES
Detroit (int— 8m M
104
NoT'OO
6354 Oct-'OO
2d gold 61..,,.
1941 1North Ohio lit go 61. .1945 A-O
M
lit
loBM
10854
66
18
10554
126
9«H
"1
,,,
..j^«
10754 Jan.'01
1035* Ang'OO
Sale
Bale
114M
135
128
100
'l'o'254
•ru...,1980 J -J 130
• a a
Sd gold 61
,,,,..1980 J -J
»113
Peniaoola dlT gold 61.1980 M-S
1981 m-s 13554 128
BtLdlTlitgei.
1980 M-S
8dg8i
1 987 J-J
97
Kantnoky Cent g 4i
99
LANAMAMlltg 4541.1945 M-8 119
104M
NTNHAH.
oon g 4Mi.l999 J-J 104^ Bale
RegUtered
1999
J
lit eztg 41.1948 A-O •ioo" '.'.'.v..
Col A
HoQtt B A
T. See So Pao..
Horn A Tex 0«n. 8m 80 P Oo.
IlUnolt Central—
1951
Itt gold 4i
•J 116
!••••<
RegUtered. .,...,.. .1961
-J lUH
1951 J -J 106«
lit gold 8^1...,,
RegUtered.
...1961 J -J
Hook Tal
90
11954
•••«
12654 Jan.'01
32
Sep.'OO
10054 NoT'OO
•••••• eiaeei
•••• •••••<
•••••• *••••
6954 aale
LCinALexg45il...l9Sl
100
OUa T G A Nor. 8e« Bo Pao Co.
GooT A Oiw. See N Y Cent.
Grand Bap A Ind. 8m Ps Co.
Grar'i Pt Term See 8t L 8W
Han A St J. 8«« B A Q
ODiatonlo. B*4
...
103
A-O
A-O
NO AM lltg
Bar
...
Ang'OO
Not'9S
100
at
Be* Brie.
BHANaih
••••<
W
ASA. Sm 6 P Co.
Gal
alHAB ot '89 lit 61.1918 A-O 103
By
lit pf g Si.l945 A-O 108
Ala
GaA
75 111
i
99
TARE
It*..
•••*•
188
W
I
Pa
100
IIBH
••>et« •••••!
KBoxTlUe A Ohio. fiM 80 Rt.
Lake'BrieA
lit b6i.1937 J -J •183H
107M lis
.
See
10154 Oot.'99
100 NoT'OO
lai
98M
9954 10>
KeokADeiM, SmORIAP.
109M Deo '00
i
Plttt.
132
Ittgng5».19a9 A-O
°
I
Kan ^¥%*^
A Pao. Sm M E A t
Kan
AN
BR.
80
I
11694 Sale
C 80 lltg 8t
1950
RegUtered
1950
KaniaiMld. SMBtLASD
Kentucky Cent. fiM L A N.
116
1947 M-N 'U8 118H 118« 118^2
Brie litextg4i
11654 119
1919 M-8 123H
2dextgold5i
lai Jan.'Ol
11954 119V«
1938 IM-8 117^4
Sdextgold 4U
118
118
ii3Kiie'H
1930 A-O 1«I3
4th ezt gold 61
13354 12354
128H Mar'OO
1938
J-D
110
Stbeztgold 4t
...... 108« Apr'99
lit eoniol gold 7I.....1930 M-8
143 Jan.'01
18454 ua'
143 Deo '98
lit oontol gold fd7R..1920 M-8 137K
'9""
rle lit con g 4tpr bdt.l99e J -J 97H Bale 96%
97« 346 "il"
1996 J -J
RegUtered
98>4 Mar'9w
lit eon genlten g 4i.. ..1996 J -J "esjiisaie
83
88% i'iit 67" "8654
1996 J -J ......
RegUtered
^.^.^.
BnffN T ABnelit7t.l9l6 J-D
140 Feb '99
1908 -J lOB
BnffAB Wgold 6
1908 J -J
Small
Ctalo A Brie lit g St. .1982 M-N •12054
121
131
114
183
Jetr BB lit gn gold et.l909 A-Ol 106
108 Jan.'Ol
10454 10454
gold
1935
61.
A-O •137X140
Long Dook oon
38 Jan.'01
13654 1395«
Coal A BB lit gD 61.1922 .H-N •111
Dook A Imp lit oiir6i.l91S -J U7«
118 8ep.'00
118 118
N T A Green L gn g St. 946 !YI-N 108
109 Oou'98
1946 W-N
Small
Mid RRofNJ Iltg6i..l010 A-O
117W Jan.'01 >• • IIB54I8O
lit ref Bi.l937 J -J 11 ex Bale lien
NT8A
1181^
10754 111
1937 F-A
adgold4Mi
96H
98
99M J'ne'Oo
9954
1940
General got
F-A 102H Sale loav; loa^a
90 1065^
Terminal lit g St.. .1943 [tl-N 112
US Apr'OU
10854 118
Regit •S.OOOeaoh. 1943 M-N
WtlkAEatlitgn gBil943 J-U 107
lOTJi Jwi.''0i
104 109
rle A
11554
Low.EiQh
BALSAMS.
k'^^^.??'\,ap
A Mloh. Be* Tol A C.
9854
93M Feb.'99
Jaii.'01
UBJi
J-D
Jefferton
High.
i'o'a
M-N
M-8
M-S
1919
Lote.
Dec'OO
.
lit gold 81
..1909
1981
Iowa Central litgold6i.l938
Iowa
Midland.
10954
8*$ Oh
108M
W.
86
Atk
92
I^«*
^\^V- »«'« 61. 1948 A-O
Int A
Great
109^ is?
Nor—
10154 108
No. S««IiehANT.
Bican A L Bnp. fiM A N W.
BnrekaSprlngi lit g St. 1033
AW
10254 1049<
9654 102V
106
Jan.'01
Jan.'01
98
M-N
attT VaAGa.
Oct.*00
Year
li>00.
I'o'a"
J-D
n-8
J-D
J-D
J .D
J-D
I-D
J-D
M-8
I -J
J-J
OarbABlitg 4|
1833
OhlofltLAK Og0i..l961
141
117H 121
1.
J-J 8894
J.J
J-J 101«
J.J
Spring DlT Ittg 8541.1951 J -J
RegUtered
1951 J-J
Weitem Line litg 4i.l95l F-A
RegUtered
...1951 F-A
141
Jan.'Ol
Jan.'01
J-D
J-D
1951
1961
1951
1951
S3*°!55*Sdgold4i
.
Blm Oort A
geglt^ed
138
Rangt
Week'B
Range or
Last Sale.
1.
BeUeTACarlBtei....l923
Oct.'00
Dec '00
J'ne'99
Dec '00
107
113
W
\0'U
....
i'eb.
Bid.
Bt Lonit DlT g 3|
148
102%107i4
lOSH 106
118M 182
113« Aug'OO
147 Deo '00
'160
1916 J -J
Sd6t
Dnl Bed
A S lit g Bt 1938 J -J
Dnl 8o Shore A At g Bt.l937 J -J
Eatt of Minn. SttStPMAM.
mil Lex
141
Feb.
.
[Vol. LXill,
2.
Price
Friday,
5'S
EXCHANGE
Wbkk Emdino
a$*
DeiU DnBr Itt g 5t...l917 M-H
DetMATol. SmLSAMSo.
Jol
...
138
iia
•
Igin
',','.
BONDS.
N.T. STOCK
II
Pag.
(5 pages)
Low. High
liJ2H184H Ul Cen. (Con)—
186
Dec '00
Dec '00
Aag'9«
146H May'OO
ISO
M-N
39^
108
Pa KP..
Den 4Barliti{0ld7t 1900 M-H
1936 J J 102^
litoongit
10S6 J -J •107
litoongri^i
ImproTement (lold St. 1938 J-D »106«
Rio G So go. SetKloQrSo
Dei M A Ft D. atiG a.HiP.
Dei M ft Minn. S*« Ch & N W.
Del RlT
Jan.'01
lOSH Oct. '00
116M Nov'OO
n—
1906
1906
No
108^4 Dec '00
18i>4 Uec'O
140
Ooi.'9.s
....
lit «• .193' J -J 133
Oonitrnotlon Bi.....l93;< FTerm lib impt 4i.... 1933 iM-N
Bjrr Blng 4 N Y l»t 7«.1906 A-O
1900 A-O
Warren 8(J7i
1 »t Pa DlT 7i. 19 r: M-N ^Vs"
Del &
1917 M-N '147
Refrlftered
Alb & 8 It 1 11000(10 71 1906 A-O
19aH A-O
Refiiftered
Guar Kolil8i
Week'$
l-iSH
prices
Range
Price
Friday,
Bid.
D«l Laek
J
1
THE CHK0N1CLK.-B0ND
282
7
Aik.
80
108
46
»S
50
76
110
141
05
106
Ut.
t Due
AprlL
I
Dne January.
1
Dae
October.
oonsboutivb FkQm).-^0A8, TEL.
Gaa
Seenrlttea.
Bid.
Atk.
29
84
Ohio* IndConNal&IU
60
OhloAInd— lit 6i '36JAD 45
Bxoh
T
Stock
Pooplet Gat A Coke— N
Philadelphia
Co—Sm Bot
ProTidenoe Gas.. . .... 50
StJoteph (Mo)
JAJ
5i 1937
B: Panl Gat- Btook..
Oontol 6t 1944 ....MAS
Syraonte Gai— Stock..
,.JAJ
Itt 5(1946
Weitem Gat (Mil w)
is-SM N Y
St
Hz
IllU
L
ton
t
93
i
31
91
60
i
76
954
86
96
lit.
8S
93
• • • •
80
U
89
96
I
Dne July, a Optkn.
& lELEPH., *c
Teleg. dc Teleph.
aid.
Atk.
American Dlit Tele— NT Btoek Bran
110
lie
Bell Teleph. of Boffalo.
107
Central A Sonth Amer.. .. 108
70
70
Caet A Poto Teleph— Stk
JAJ 109 aaa«««
6i 1909-89
177
173
O }Dimerolal Cable
Oimmer Union Tel (NT). 119 184
70
...,,'
H aplre A Bay State Tel
Bi-le Teleg A Telep— Set 8 tokBz LUt
«6
60
Franklin
lAnd Interest. tPilce per sh •re.
.
J
A
11
.
Feb.
BONDS.
^1
W.T. BTOCK BXOHANO E
WlBK EUDIIIO Feu. 1.
Minn A 8t L-lit g 7i .1927 J-D
low* ex lit Kold7i...l909 J-D
J-D
A-0
M-H
M-8
K&N
bo
Mln&Bt Lrd. 8m
(<a..'3e J-J
M A P lit 6i it 4i lot
int Ka.'26 J -J
M B8MAA lit g ti4ilnt(?Q'88
J-J
M 8tP488M oonK
M * M.
P
at
Minn Un. 8««
Mo KanATei-litg4il9»i) J -I)
.
Feb.
Bid.
146
lai
86
1
181
117>9
98H
MK
8her8h*8on UtKaK5i.'43
K C A Pao litg 4D....1990
Tebo A Neoiho lit 7i. 1903
Mo K A H lit gag St. ..1942
J-D
V- A
J-D
A-O
19ue M-N
1920 M-N
1917 M-81
Trait 8i
1917 M-8t
BeRlit«re!j
1920 V- A
litoollKc!i5s
1920 F-A
Reglitered
Ii«ro7AO V AL lit8Bi'2e J-J
F-A
Pm Rof Mo litexK4i.'38
8d extended xold 5» .1938 -J
Bt Lonli Si Iron Mount—
ft
I
117^
Sale
MobABlrm
98
S2
100
89
H'H
183
12H
119
999<
Sep.'OO
99
100%
58
l')0>«
79
76
88
109
90H
109
109M
122
iVo" laipi
tlBM
18 IK
Jan.'Ol
122
88H 98H
64
77H
36.J
90
99M
Bale
16
"84
166
Sale
I089i
104
108^
Bale
lOSJi
lbs" "65
94
J'ne'OO
107)<
Deo '00
113
Jan.'01
••••••
«•••••
•
•satt
89
98
67
•»»••«
(••••t
108
109
76
180K
180
,
Bale
Bale
•
113
88
• • • • t
• > * •
llOJiUOM
tBOH
5
120
NaihOtaatAStL
litTi.'lS
J
120« 126
66H 889 88
87«
89X
61
113
112
96 19 Deo '00
sdei
il2K8ale
lit oon gold Si
lit gold Bi JaiperBoh.1923
J-J
lltBiMoM M WAA1.1917 J-J
1917 J-J
lit6iTA Pb
Na»b Flor A Sbef. S«( L A N
NewHAD. SiiNYNHAQ
•
128
100«
J'ly'OO
us
De0*99
111
Deo '99
1
40
••••« •••••(
Jano RH. /9*« N V Cent.
MewAOInBdge. StiPennO':
HOANBprlorlleng6i.l91S A-OI
MJ
107
1908 J -J
10^''
GIM*
1997
Baglitered
Debentare Si of 1884-1 904
.
Beglitered ... .1884-1904
Beg deb Si of ...1889-1904
Debenture gig.. 1890-1906
1890-1906
Beglitered
4|. 1936
loaji
1936 J -J
1936 J -J
1936 J-J
OartAAd litgn g4i.l98l J-D
Olearfleld BItam Ooal Oorp
litidntgng 4iierA.'40 J -J
Bmall bondi ierlet B. .'40 J -J
Gout A J>twe litgn g5i.'42 J-U
Mob A Mai litgn g4i.l991 M-H
1986 K-A
N J Jano U ga lit
1986 K-A
Beglitered
NT APat litoongng4i.'93 A-O
,
98
86)a
F-A
J-J iio"
Beglitered
Sd go gold Si
Beglitered
U
108
<
J-J
J-J
MoKeeABYlttgSi.'lS J-J
Bale
114
St
'8U
J
*
No price Friday;
<k.
Toleyh.
113M
Bondi
90
Hndiou BiTer "Telephone 117
losm
108«
••
•
MAN
118
tH
188M ia7M
ProTldanoe Telephone
Bnothnrn * AMantlfl...
100
-7
ns
85
ire
110%
• • •
I
» • •
<
•
!••• ••!••
10694107^
Feb '00
108
llSVi
68
114
91
Deo '00
106^
114
13
103
•••• attti
no
no
71
10»H
Jan.'00
82
193
'18
Jan.'01
Apr '99
no
Oct-'OO
••••••
114
114
108
IV!
110
129
130
129
114%
1C7
108%
105
Bale
70%
Bale
NOT'OO "22 107
»%
103
133
••••• 130
Bale 118
103
las
118
102
90
180
TM
107
10>
IQBii
68% 78%
66% 70%
181% 188%
J'ly 'SH
•••11
I
ISO
Deo'Oc '16 124
109
118
116%
97% 105
88% 88%
Jan.'Ol
116
Jan.'Ol
na
180
10"?
111
J'ly '00
Deo'OO
109
90
110
95
75
Apr '00
60
7V
:08%
110
17
105
105
I
101
Deo'OO
97%
I
M-N 100%
114
J -J
Beglitered
1921 J -J 114
Otd3%iaol trnitreg. 1937 M-H
BtLftPlitaong6i.l932 A-O 183
BegtiterMl
1 932 A-O
OleTftPltciOoni f 7i.i900 M-N
Gengag4%iier'iA.1943 J -J iai«
BerieiB
1942 A-O i»m
Berlet C 8%i
1948 M-N
rleAPlttgng 3%i B.1910 J-J *ioi
BerieiO
1940 J -J •101
N A CBdgegengng 4%i.'45 J-J
P O Oft Bt L conga g 4%i—
BerleiA.
1940 A-O
BerieiB gnar
1942 A-O
Berlei Ognar
1942 M-N
BerleiD 4igiiar
194S M-N
Serlei B gaar 8%i ..1949 F-A
PlttiFtWft0 1it7j.l9l2 J -J
90 •Ba*»eee««eeee*«ei •Ivl'O J-J
Sd7l
1912 A-Oi •138%
PennBB lit real oig 41.1023 I»l-N D
Uoniterllngg 6i
1905 J-J
Oon onrrenoy 6t reg...l90S g-Mi
Oong 5i
1919 M-H
Beglitered
1919
Oong 4i
1943 %:-N
OrBAIezlitgag4%i.l94i
01 A Mar lit gn g 4%i.l9S5
nBBBABgelitga4ig.'36
Allegh Valgeugng4i.l942
J
180
111% 117%
111% 116
16
N0»'98
Deo'OO
••••!•
•
108
181
Oot'OO
108
108%
117% 181
108
NoT'OO
101% loa
.•••• •••••«
•ii*t «•«••«
•••••«
117%
113% 117%
114
116% Jan.'01
11S% Jan.'01
lis
109
9fl
No»'98
Apr'OO
Deo'OO
106% 100
99 101%
135 189%
185% 187%
137% Dec "00
Not'OO
136%
185
136%
10b
May'9/
118
11a
181
184
108
100
118%
118%
117
117
•etiea ••••!
iba" NoT''07
117" Mar'bo
lie
88
138% 183%
08
101
187
J-D
Jan-'OO
aa
aa
13!)%
Oct.'0u
180
oe
188%
DnaJan.
(Given at foot of
Utah Cent
t
7
Bid. A«k
Teleg. die Tele»h.
Weit'n Dnlon Teleg— N T Btook Mxoo
166
170
Coniol HIectrlo Storage.
14
Hddy Kleotrlo Mfg C0..26 t
Hdlion BH 111 Co NY— N Y Btook xoh
Bdlion BI 111 Co Brk— N Y Stock Bxeh
11
8
Hdlion Ore Milling Co..
Bleotro-Pneamatlo Trani
854
IM
80
80
Fort Wayne Kleo.Oo cs.
95
IB
nerlei A
Dae July.
I
U)i
NOT'07
!>.
107%
OOt.'08
181
NOT' 98
90
J'ne'99
118% 116%
116% Jan.'Ol
87%
100%
.
no
184
181
103% Mar'OO
M-N
St4 Penn Oo
Bt* Penn Oo.
lot
101
108
lul
118% Mar'OO
ft
f IttiOln A St
P
A Bt L.
10^
124
-J
M-N
F-A
M-8
Bnn A LewUlitg 4i. .1936 J-J
UNJBBAUangen4i.l944 M-B
PekCn litg ei... 1921 Q-F
8dg4%i
Feb., 1921 M-N
lai
114^ 114»<
118h Jan.'01
115
0S%
104% lit
9S
Jau.'00
Oot,'00
Jan.'01
94
88
Not'OO
99%
88%
Sep. '00
09%
lit
go g 4i.1917 4-0+
Due June,
i
Due May.
90
•
06%
87% 88
94% 619
1
Dae Not.
oonsboutivb paobs).— '^/
Companlee.
—N Y
Do pre^— Sm Boiton L
Electric
Ueiieral Klucirio
<.,<
Hartford (Ct) KleoLtOo.
Mo Bdlion HIectrlo
Bid
A(k
Stook Hxoh
lit.
175
17
18
.,
99%
81
94% 101
89
88M
89
a Theee are option aalea.
SLEn..
FERRY
!•.
Ferry C*
ferrv loin^RDle*
Brooklyn Ferry-^toc^
NYABlit?iiail.JAJ
Oon C>i'48-SM Stook Bi
Da preferred
60
MetroDOlltan Ferry—Bi
49
N Y A N J Ferrr—
....
Narragan. (ProTlKlOo.50 1103
JftJ
lit 61 1946
Rhode liland Eleo ProCo. 119
84
N T A H R Ferry—Stock
United Electric of N J
83
78
l>t Si 1932 MAN ....
4i 1939
76
Unit«d Eleo LtAP <io pref Sm Bal to Hit |IN Y A H boken-Sfon*
bF'y •• ^ '46MA''
J
H
4% 1929— SMBalto 11 fU
J*n
..
Oo.. 1. 1946
Wooniooket (B P Bl Oo..
i»t.
.
I
And
In-erert.
dkc
Bid
:7
I'M
87%
86
till.
108
no
106W 107
60
90
80
.
•
101
99%101M
•
Eleetrle Oomyanlea.
Allegheny Oo Light Co..
Brnih Kleotrlo Co
'
101
88% May'OO
mtiOleTATollitg8i..l932 A-O
ritttFtWAOh. SMPennOo.
1932 J-J
104% 109V »ltti Jano litg6i
80 I01%104fi ittiALHrte— SdgSi 1938 A-Ot iia
Pltti McKeeiA Y. Set N YOen
119M 181
138
IttiP AF lit g6i
1916 J-J
90
126
127% 197^ •IttiBh A L B litg Si.. 1940 A-O lis
lot
litooniolgold Si
lot
1943 J-J 117% 118>«
106% 106% IttiAWeit litg 4i... 191 J-J
J P M A Co oertfi
116% 116% fltUT AAihlitoon6il927. M-N
J aadlng Oo gen g 4i...l997 J -J 04% Bale
181
188% ^ Beglitered
1997 J -J
lasM 1*SM Mniielaer A 8ar. Sm D A n
tlehADan.
Sm Sooth By.
*•••• ••••!
• •««
EloGr Weit litg4i
1939 J-J • 99% 100
••••t •••••
• ••i
• e ( •
186
188
108% 106%
105V4 185
131% Not'
130
M
181%
Mn^ 100
97% 97%
7C% Deo'OO
J -i>
1037 A-(
1901
• J
ll6^
114H
ioe« U6>, eniaoolaAAt. S««LftNaih
111)4 ii*« Peoria Deo A BraniT—
Sd g Bi tr reo lit pd... .1926
109 111%
Oft St L
110% 110% 'eoABait. Sm
119
Deo'OO
Jan.'Ol
Jan.'00
J'ly'99
105% Dec '00
AN
*eo
Deo '00
16% Mar'OO
ia79i
••i«*» t«»»fl
.
Ri 1U30....,
Faoine A Atlantic ....
97
••••• •••••
••••• •tai
••••
106W NoT'OO
1
80
100
188
118
98
J'ly'OO
i27H NoT'OO
lOS
184
A(k
98
J'lr '98
119 Jan.'01
1279^ Jan.'Ol
182
iDtematlon Ooeau
116
Mexloan Telegraph
Maxloan Telephone— Sm Boito nllit.
New Bng Telep.— Sm Boi ton llB t.
Northweitem Telegraph
1112
186)4
N T A N J Telephone.
178
178
,
93
95
94
108
I
109M Jan.'Ol
180
J-J
Bid
117
95% 99
J'ne'98
these are lateit bid and asked this week.
Sola A Stook
Prlorllenr Alggii ..1097 J-J
Beglitered
..1997 J-J
General Hen g St.... ..8047 J-Ft
Beglitered
..8047 J-Ft
Pgeng6i. .1923 K-A
dtp
Beglitered otri
1923 O- K
Bt eaalA Dal lit Si.. .1931 F-A
2d ti
1917 A-O
lit cog 4i
1968 j-n
WaihOent litg4i.. .1948
Nor Pao Ter Oo lit g 6i.l933
^ineOreek reggnar6i. .1932
OUTSIDE SECURITIES
Teie»
1I2H
181
OlwaA B Sd go g Si.. 1916 F-AI
K WA O T U Iitgag0i.l8 ra-N
PtlcaA Blk BiTgng 4i.'83
lis
119
-D
RW AOgoon litext6i.'22 A-O*
89
60
llOH Mar'OO
l08)iDeo'97
sn-n iosii
1902
108
1909 vt-s
1931
129^
1931
1^8H
1940
105
1940 J -J
litgogSi
• • »
90
UGH Jau.'Ol
110
iosii
•• ••
11 OH
7il90:c!
Beglitered
Bate A
110
ioi" loiii
I*
1934
NT A Harlem g S^i 2000 W-N
Beglitered
8000 in-N
NT A North litg Bi.. 1927 A-O
•••••
107X
104K
.
101%
9flM
Jan.'Ol
Jan.'01
•
••••«.
PittiMoKAT— litgaei.'32 J-J 140
«
110
102M 108
lOS 107%
• • •
MabonO'l UHlit5i.l934
Beglitered
118^6
106
KAAOR
Si
98K
96M
91%
97
.
«
103M
J'ly '00
9i
•••••
2361 J -J •
Lake Sbore oon 8d 7t 1903 J-D *110
Beglitered
1903 J -D
1997 J-D •109
Sold SHi
Beglitered
1997 J-D
OlnA B litgLBAM e7i'01 A-O
Bet Mon A Tot lit 7il906 F-A
litg 0&i.l938 J -J
lit oon Si
Deo '00
••••• •••••
Beglitered
Mlob Oeut— lit oou
101
97
',',','.',
•U7H
Nor A Mont lit gag Si '16 A-O
Weitabore lit4iga.2Sei J -J 114
Idgnar ei
108H 111
llIK
,
loan
185% 19BJi
185
189%
188
186%
Jan.'OJ
35% Deo'OO
65
A St L litg4i
I309< Ore A Oal. 8m Bo Pao Oo.
126
Nav
See Un Pao
100V4 IOOh Ore By A
104^ llOH Ore BB & NaT See Dn Pao
Ore ishort Line Sm Un Pao
Oiwego A Borne. Sm N Y C
.••••• •••••
O O T ft Bt P. fi«« C ft N W
PaoOoaitOo— lit g5i.l946 J-U 108% no
aoof Mliioarl. Sm Mo Pao
Panama litifg 4%i....l9l7 A-O 105 106
"s 108
,
.
...1998
Beglitered
109H Deo'OG
109« 109H
J -J
no Ang'OO
M-H 106^ Bale 106K 106H
U-H 106J4
lOB NOT'30
M-H 1065<
109« Sep. '97
J-U 102H ...... 108H Jan.'01
J-D 108H
102M Jan.'01
I>ebtMrtiextK4i....l90S m-N
1906 lU-N
Beglitered
Lake Shore ool g 8M«1998 K-A
1998 K-A
Beglitered
Mlob Gent ooU g S^i. 1 998 IfBeeob Crk lit gn g
107
Bale
1U4%108M
108% 106%
NorRyCal. Sm8o. Pao.
SMOStPMAO.
«6« 98^ NorWli.
Nor A Mont. Sm N. Y.Uent.
IndAW. S(«OOCAatL..
10 108M 112
107
Bale
106M
J-J 109H
it
108i< 110
Bkln A
NTB«gUtered
97
8fiabildyg6i
1910
Penn Oo— On lit g 4%i .1921
Man Bh. fi«i L I.
OentAIIH llt7i..l0OS J -J
I0ff%
Deo'OO
04% net.'«7
97% Jan. '01
A-O
199n
Urn
198
lC6)|(
,
General gold Si
,
107%
Oonrert deb oerti $1,000
A-O 198H
Bmall oertfiVlOO
Hoaiatonlo U oon g Si. 1937 M-V iss"
N H A Derby oonSi... 1918 'tt-N »118%
N Y AN ]llit7i
1905 J -J 113
lit 6i
190S J -J 109
O^bio RlTerKli litg 6il036
-J 188
1901 J -J
1928 A-O
180
180
M
MorrtiABiiex. fi<«I>elLAW
Sale
If
High. No. Lov.Rith
Ohio. 8m L Brie A W
114M North
Northern Paolflo—
Cfv
,
108%
f'Ow.
I08i<
N Y A North. Sm N T C A II.
107
107% :07
90" "96" N T O A W Beflit g 4il992 VI-8
101% NOT'98
Begli 95,000only...l992 M-Sb ••••••
88
97W
Pot.
N
N
T
S««
Y
A
O
U.
A
98)< 99M
N T A B B. Bu Long III.
76
87
N T B A W. a$$ Brie.
N Y Tex A M. Sm So Pao Oo.
102
108
IIO%Dec'00
112 116H Nor ABoath litg Si.... 1941 Tl-N no
183 Dec '00
A VVeit— Qen g 6i.l931 M-N 183
114^131^ Norf
1
1.'3
New BiTer litg 61. ...1938 A-O •186% .... 138
94
108K
8 IK Dec '00
182%
184
Imprrmt A ext g 6s. 1934 K-A
100% 3V8
N A W By litoong 4l. 1096 A-O 100% Bale 100
96" lo'i'*
Beglitered
1996 A-O
97% J'ly '00
.1
lit extenilon gold 61.1937 y-jj 186
1938 M-H
9S
General gold 4i
Montgom Dlv lit g 6i. 1947 V-A 1 1
.1931
*
4i
LAOalrogng
-J
J
96
Bt
Mohawk A Mai. £l« N T O A U
Monongahela KIt. jSm B A O
A M.
Mont Cent. fi«« 8t P
Morgan'! La A T. S«« 8 P Oo.
Atk
8(( D L A W
an Brie.
MYANM. SmNYNHAQ
Bmall
iioM J'ly'oo
J
Last Bale.
1.
92
94
OOATli gngSs....l922 J -J 108
106K 107W
Bolo VAN BlitgQg4i.l089
102% Bale
112H 11054 North Illlnoli. S««OhlANW. M-M
I1B« 116%
U2)^Deo'00
89?^
87H
J-J
m-d
Feb
Bayi§t
Year.
19u0.
N 7 Lack A W.
N Y L U A W.
.
118
Week'»
Range or
Bid.
A-O
A-O
i TCtalc AatLlitg4t.l937
Beglitered
1937
N r A Ureenw Lake. fi«i Brie
N Y A Uar. Sm N 7 O A Had.
Price
Pnday,
.
108%
Mob Jack A K C litg ei.l94H J D
Mob A iibio new gold 0i..'27 J-D 129
NY
161
123V«
2'6'6
3.
.
99Vi 3^4
lOOM Nov'9U
99^ 100
Paqb
SYNUA Uart litreK4i.'08 J-D
78H
97M
8a
9B
99
1945
Swall
99
High
• • • • t
Bale
7B9< Hale
-J
J-J
1946 -J
prlorlleng5i.'4fi
Mortgage gold 4i
niH
117W
98H
'
Terd V 1 A W
MlisaiTBdge. J9««UhlaAAlt
Low.
143H
122K
122H
124H
(6 pages)
N. Y.
1900.
Atk. Low. High.
149 Har'OO
182 Jau.'Ol
....
183 Deo 00
184^ NOT'OO
prices
BONDS.
5-S
BTOCK EXCHANGE
Week Enoino Feb. 1. 5«
Year
Ltul Sale.
Qonoourr AldKrtR Qi'31 A-O li59iBale
Qen oou itamp Brtd g 5i 3 A-O •U3
1929 IbU^Bale
Dnif Aref R4i
192U
litg Si. '26
Bange
97%
100
7i
litoons ei
Week't
1.
7
.
• • • t •
1990 r-A)
1944 M-«
.'06 iH-N
7i.
Ooffu
(?
Bdh
BooneT
D«l*Wa lit Rn B 6i. 1940 M-N
ATof T lit«aK5i.'4i) M- H
Regtitered
.
Range or
'
ad K0ld4i
litextengoldSi
'd
f
.
Price
FriUav,
.
Bontb Weitex litB7i.'10
PmIOo ex 1 It KOld dt 1 92
l»ai
litooniKOld Si
lit and renund. 4i..,.l«'l«
Mo Pao—
e
2
THE CHRONICLE -BOND
1901,1
3,
II
1
1
71
08
•
eeit
11*
-'4^ «B
t
tPrice per thare.
AJ
51
.
THE CHRONICLE —BOND
234:
Price
Friday,
Feb.l.
BONDS.
W.T.BTOOK EXCHANGE if
WaiK Ehdiho
Feb.
Bange
Tear
La$t Sale,
1900.
Boon A Pltti. SetBB,Si P.
Borne Wat. & Og 5«e N T Cent.
Salt Lake 01 It g If ai. .1913
tJo&ailitg 3-4I...1947
MX L * Oal. 8*4 Mob A Ohio.
78
Deo
98M
Jan.'01
71
'00
98H
8erlegD4-5i
90
91
91
Series BJ 61
„ Small
Series F 6i
98
81
18
^.51
li
A
M-M
SdgOld6l OlasiB
1906 M-H
Mgoldei OlaiiO
1906 M-N
G«neral gold 6i
1931 JOeneral gold 6i
1931 J-J
lit tmit gold 6i
1987 A-O
lit get Plaroe
& 0..1919 FfltLASFBBg4i....l096 J-J
BontllW DlT lit g 61.1947 A-O
C«ntDlT 1ft g 4t. ..1929 A-O
It BAY BBdglftg 61.1910 A-0
KanMi Mid lit g ll. .1937 J-D
•t L Bo. 8»* Dllnoli Cent.
111
110
118
lis
188
111
111
NOT'99
i
•113X 114
106
4
98M 100
J'no'OO
90 J< Deo '00
Oci.'97
96
909i
106
W-.»^^ }*l «
'?J^^'^ Sm L A N.
*I.1924
.
9814 Sale
70^ 8ale
Sdg4ilno bond ot{i.. 1989
100
J-
M
*141
,
•120
76>4
63:;;
Deo.. .2000 Mob.
1986 J-J
Weit'ndiT litg Si... .1935 A-O
General gold 61
1936 J-D
Kan
litgiia4i.. iggo A-O
IrtgOld 4; 1917 J-J
61,
63M 75
137
n81<ll7H
Tm lltdlTlltgfl.,.1908 A-O •108
109K
I
JUtarADallitogSi.1988
87H
86)4
J-D
J-D
08)4
>107
88
L— liteon g Si.l946 J-J
••••a aaata*
aaaaa •••••!
••••• •••••«
Non-OMn lB0A8f.a.l946
1«08
^^.i^l^'"^"'^*
Gold Si
1S8
137
8ap.i
•117
J-J
J-J
••»«»«
104% lOS
110% 117
SB
7
67
106
106
• *••
106% 1(6% 37 95
11
97
97%
8
67
78
87
110
130% J'ne'OO
90
116%
1
118
106%
99
88
Jan-'Ol
108
106
108
106
119
Jan.'01
Jan.*01
Oot.'00
1
108
106
10*
108%
10^
138
Apr '00
138
183
Jan.'01
B«glitered
1937
lit guar gold Si
1937
Baglitered
1987
WlllABFlitg BI....1988
Baglitered
1938
lis
118
Apr'97
139K 185M R?i?^*?*,09?-
Deo '00
116«118« Utah A North.
190
Apr '99
Ind A W. Sm Mo P
V?U'^
> ^gtalaMid. SMBonthBy.
W»»»a;h litgSi
1939 M-N 119M Sale 119% 119% 77 US
20
8d gold 61
110
88%
1989 F-A '109)4 110% 110
20
97
99
83
Dabantnraiartai A., a 1939 J-J
90
loex lOflM
1832
Bariei B.
80%
46% Sale 46%
47%
1889 J-J
7 108
litg Si Dat A Oh Bzt. 194 J-J 110
111
lis 113
1
Dei
Mom
91
DlT
95
»6
litg
136)<
41.1939 J -J
135M
BtOhaiBrtdga Iitg6i.l908 A-O 109%
100%
HI May'OO
BB. Sm Dal L A
04M 04K Warren
Wash Cent See Nor Pac
100 106
Waih
OA
W. Sm Bonthem
86
89H
110
Weit N T A Pa lit g Srl937 J -J
,131
190% 191
••••a* ••••
88%
90% Sale 99%
99%
Gfn«8««.
1943 A-O
99%
Income St.. ..April, 1943 Not. 85
83% 8ep.'0O
Weit No Oar. _S«« Somth Bj.
.
J-J
J-J
J-J
J-D
J-D
rStP&NorPae. Sm Nor Pao
IP *B'x01t7.flM08tPM*0
tePrei * Ph lit g Qi.1942
flAAAP. SMBoPa«.Oo.
M-8
ifg5s...l919 J
lit oon g 6i. 1934 A-
W
ter F A
l>tgSl
•••••a ••••a*
A-O
J-J
M-N
1934
Bt John'! Dly lit g 4i.. 1934
AiaMld lBtgng68...1928
•134M
,
lOi
Jan.'01
113
136^
J'ne'OO
Jan.'00
133
Deo'99
a
.
••ttti •••••<
106
87
W
Jan.'01
Jan.'01
<Jt
104Mrab.'98
J-J
Oar Cent lit oon g 4i. 1949
Bher Bhr A So. Sm M E A T
8-5-yr 4HS..1905 J-D
Gold 4i Cent Pao coL..l949 J-Dt
Beflitered
1949 J-Dt
Son Pao Co
099^ Sale
89
68HSale
84«
86
AANWlitgiigSi...l941 J-J taaa VD
OPao lit tefgnK4i... 1949 F-A 101^ Sale
Begtitered
,1949 F-A
Mort guar g 3ii
1929 J-D+
Begiitered
1989 J-Dt
Gal Har A B A lit g 6i.l910 F-A
*dg7i
1905
J
llOX,
-J
66
•••••• ••a.
.....a .....
BAAAPaiilitgag4i.'43 J-J
SoPof Argu litg6i.'09-10 J-JI
3
109
May'OO
Ang'OO
106)4
106
106)4
Jan.'01
110
Jan.'01
100!4 138
••••••
8
lit g6l.. 1906
6iierB..1906
6
1906
Bablne diy lit g 6|. 1912 M-g
1943 J-J 106
Bontliem— i «t con g 6i 1 994 J-J lis
Baglitered
1994 J-J ••••at
Mam DlT lit g 4-4M-5il996 J-J •109
Begiitered
1996 J-J •••aaa
AlaCen B lit g 6i.... 1918 J-J
Atl A DanT lit g 4i. 1948 J-J
93)4
Ati A Tad litg ga 4«.1949 A-O
Col A Greeny lit 6-6i.l916 J -J •118«
B T Ta A Ga Dlrg 6i. 1980 J-J -117
Oon lit g6i
1956 M-N 120)4
B Tan reor Hang i-6i.l938 M-8 •111
Baglitered
1988 M-8 !••••
Ga PacBj lit gOi.... 1932 J-J •:2i
Knox A Ohio lit g Bi 1936 J-J •133
Blch ADanoongBt. .1916 J-J •123
qnlp link fnnd g Si. 1 909 M-S
.
.
108%
•••••*
108
109
aaaaa,
124
Dab Si itampad
1937 A-O
110
BoOar AQalitgBi..l919!M-N!^108^
latest bid
and asked
Bid.
A 98d SU Ferry
Ask.
86
no6 108
82% 83
{ 96
•••'•'
76
mort 5i 1919... JAD
Union Ferry—Stock
Iit5i 1930
MAN
lit
Amer Bank Note Co ... 50
Amer Bicycle—Com
Preferred.
Bonds 6i
MAS
1
60
6%
25
68
53
6%
96
71
98)4 101)4
811*
114)^
78
110
107
ISt
9B%
86
110
Jan.'00
117)4
117X
lie!4
19<^)4
113)4 Jan.'01
24
3
186** NoT'bo
194)^ Jan.'Ol
193
123
101)4 J'ly '00
109)4 Deo '00
13
108
10
108
t
138%
Preferred
American Chicle
Co......
Preferred
10
. . .
80
80
Dne Jnly.
I
Dne March.
H
Dae Jan.
tl?«
3?^
Preferred
1919
MAS 89%
Amer Press Aiioo n..iuO 70
American Screw
350 1188%
Amer Sheet Steel
t 81
MUoellaneoaa. Par.
49% Amer Sheet Steal pref....
91% Amer 8hipbaUdmg...lO0
Aik.
83
83
10%
UH
10%
85
00
80
83
84
91
89% 031
88
M%
100
Jan.'01
Jan.'9M
Jan-'Ol
109
88%
88%
96
i
Bid.
101%
90%
Aik.
76%
100
km Soda Fonn—Com. 100
3
7
100
100
48
S3
50
8trawboard....l00
170
lit preferred
87
99
19
180
88% 34
Amer
FAA 101
Bonds 6i
100
58
69%
Km Typefo'rs— Stock.
Amer. Woolen— Sm Stock Bxoh. Hit.
ft^mer Wringer com... 100 xi08
9d preferred
ftjnerloan Surety
Preferred.
9
xll8
97%
96
J'ne'OO
•
aaat aaftif
Mar'98
109
16% 188%
118% 1983
119% II9S
16
119% 198%
122% Jan.'Ol
118% Deo'OO
122% Jan.'01
199
15
196%
*9'5%
'W
111
Jan.'01
IBS
39
lis
117% 117
••
•
Ja'n.*'0i
•aaa* attts^
aaaaa aaaatt
11
90
Dae '97
91%
Oat.'98
117%
117%
118% 118
96%
99% NaT'99
94
118%
93
SO
100
116% 118%
8ep.'00
101% 109%
166% 169%
107% Deo'OO
109% llOM
65
US
64
16S
107% 107M
Dne Not. a These are option aaleB.
76
83
95
Preferred
108
113 116
15
96 104
64 91
100
86 88% 90
109% Dec '99
•
Bid.
121
103
•
(Given at foot of 7 oonseoutivb 7A.Qiis).—FJSRRF
Mlacellaneona. Par.
108
110
119
l'84%
lit gSi....l945
W Chic St40-yr litenrSi.'SS M-N
X
00%
•aaaa aaatia
A-O laeaei tttft
106)4
40-year oon gSi
1936 M-N
114H
GAB A BLHOTBIO LIGHT BON DB.
107M lOSM
GLOo
litg
Si. 1947 J-D
108 109)4 Atlanta
aaaata
••••ta tatBt' BoiOGaitrotfii rg6a..'89 J-J
Bklyn V Gai lit eon g Si.. '4 M-N •117
•••••• »t*%»
9SM 9i9i ChOLAOOo. SmPGAOOo
OolnmbniGai Istg6i..l933 J-J
Oon Gai Co. 8m P Q A Oo.
lis 116
96% Sale
Detroit Olty Gaig 6i..., 1933 J- J
114M118
114 130)^ Det Gai Co oon litg 61.. 1918 F-A •110 111
ni
Bkn.
See KOo BLAP
ad Bl
108)4119
Ed Bllll. Bee NTG A BL HAP
a««^*« aaai*
BqGa8LNTlitoongSi..'38
M-S •130
196)4
119M
Bq O A Fuel. 8m P O A C Co.
118 134
D 108
con
g 5i'49
Gas ABleo BergCo
119 196
D •160
101 101)4 Gen Bleo Co deb g 5i... 1933
104
109X Or Bap GL Co Istg 5i.. 1916 F-A
109 109
K C Mo Gas Co 1st g 5s. 1928 A-O
Bondi due Aug.
8ep.'00
Ill
••fl
10
116
99% 114%
98% 108
87
111% 119% 111%
It
.
93)4
107
• a • a
J-D
125
M-8
M-8
199 198% Jan.'01
LaxATAPFlitgag6l.'93 M-8
Begiitered
M-8
08 Sale
MetWSBl(Chlo)litg.4i.l988 F-A
98
98
Begiitered
1988 F-A
<UBlByAL80-yrg6i.l936 F-A ,.... Ill 106 Oct>99
41nnBt By lit oong 61.1919 J-J •111% 119% 109 Oot.'99
BagUtaradaa.
1943
OoIA9thAT lit gn gSi.1983
Baglitered
1993
DnBl(Ohlo)
American Bridge Co-Com
68,
87
80 101
305 106
Jan,'01
Amer Hide A Leathsr
list.
Jilt.
114
PanlOlty Cab. g 61. 1937 J-J
Guaranteed gold 6i...l937 J -J
114)4114)4 Third At lit gold Si ... 1937 J-J
Ang'OO
Preferred
B oston
109
106)4 107
90 104)4 108)4
116 116)4
Amer Graphopbone. ... 10
Mlacellaneona.
Aeker,Mer A Con 6s 1903 100
Amalg. Copper— Sm Stock Bxch.
Am Agrlcnl Chem— 8m
nan
this week,
OUTSIDE SECURITIES
Farry Oomyanlee.
106
116
»8«
Sale
110
lOS
110J4110H
llOM 118
117« 119
115
.
10th
1
il9)4 An(r'97
94
97)4 108|i
100
100
J-J 89% Bale
DS.
A-O •108%
J-J
BkCltrlitoon 5i.l916.'41 J-J •111
BkQCoASoongag5i. .'41 M-N •108
Bkljm On HI Istg 4-581960 F-A
99% Sale
Kings Co El I8tg4i..l949 F-A
89 Sale
City A 8 By Bait Istg 61 1938 J-D
iienConTr Co litg 61. .1933 A-O
Den Tram Cooong6i.l910 J-J •aaata •«••<
Met By Co litgn g6i.l911 J-J
LonliByOolitoongSi.1980 J-J
4arkatBtOBr Iitg6i.l9i3 J -J
'<at Bt Bt gen
tr g Si. 1 997 F-A 119% Bale
BwarA7thATllt0g Sl.1943 J-D
193%
'
ataaa*
.
No price Friday;
96
118
WUABlonxF.SMStPMAM
.
114)4 Deo '00
106)4 NOT'97
Sale
Sale
10I9<
eaaa
,
Con g6i
108
89% 99% Winona A Bt P. SmOANW
80% 86)4 WllOent60-yr l8tgen4s..'49
8TBBBT RAILWAY BON
110 110)i BklrnBapTrg5i
1945
Atl At Bklm Imp g 6il934
104)4 106M
130H 130)i
101)4 Deo'oo
lB9i
82% 557
118
12
aaaaaa ...a.
aaaaaa aaiati
97
81
,
P Ooait lit gn g 4i.. 1937 J-J
1905 F-A
*
99%
4S9
118%
Jan.'99
88% 89%
.
109^ 113
,
Tax AND lit7i
lis
116% Jan.'01
111% Jan.'01
117
113
Wheal DlT lit gold Si. 1938 J-J 110
78« 85^ Bxten A Imp gold Si. 1930 F-A •110
lit oon 4s
1949 M-8 89
94M 9994 WUkeiABait. SMBrle
Jan.'Ol
A-O
iim iim
A-O '109X
llOH Ang'OO
A-O •HI
IICJC NoT'OO
6|
1912 A-O 119
119 Jan.'01
lit con guar gSi.. 1937 M-N
107 NoT'OO
Stamped
1906-87 M-N 108;t Sale 107K
108H
SPaoof NMexiitgei.'ii J-J
116 Ang'OO
Cal
lit gold
lit gold
lit gold
10
119
Sale
1
110
106
100
113
104
83M8ale
1
102M 684
llOHNoT'OO
8B^
8»ii
1S7)4
137K
130HFeb'00
,
....
2480
99^ J'ne'OO
84X
86H 6C8
'
1912 A-O
Geng4i intgtd
1931 A-O
Morgan'iLaAT Iit7il918 A-O
litg6i...,,
1920 J -J
N Y T A Mexgn litg4i.*18 A-O
KoofCal lit gng6i... 1907 J-J
Goaranteed gold Si.. 1988 A-O
Ore A Oal lit gtdg 61.1937 J-J
88H
688
Noy'99
lOOM
B6ii Bale
J-D
108^
M-N 100;< Sale
M-N 106M106H
M-N
M-N 104
Oong6ilntgtd
100
99\i Jan-'Ol
t
BPor
WVaAPltt*. SmBAO.
w Ya Cant A P lit g 61, I8I1 J-J
Wheel'gAL B lit g Si .1936 A-O US
. .
MexAPao litg....6i'31
Olla V GAN lit gn g 6i 1 934
Horn B AWT Istg 61.1933
lit gag 5i
1983
HATC lit g 61 Int ga.1937
118%
108%
Weit Shore. flMNTOant
BUBOeaAG fiMSarFAW
lit g 6i. 1924 J-J
Bo Oar A Oa. 8et Sonthern.
Sod Bar A Bo
Un Pao
SMNTOent
844
DtloaABlaokB.
94M Deo 00
W istgag 4i.l938 J -J
O gn g 4i 1018 J-J
Beloto Val A N H. Sm Nor A W
Beab A Boa lit 5i
1926 J-J
Brmia A
BU 8 Ooa
109%
"
•106
BFANPlit
1926
awPaBB
in
117
Minn Union lit g 6i.. .1932 J-J
Mont lit gn g 6l. . .1987 J-J
138
118%
118%
91%
180%
97% 100
107%
106% 886 101% 108
103% 106M
106% Jan.'01
110 111
111
Deo'OO
103% 108% 71 100% 104M
91 186% 180
137
130
9 110% 118%
116% 116%
".'.'.'.
•••••I ••.•*
•tttt* •••••I
114%
117
98% 98%
,
JaiL'Ol
NoT'OO
J'ly '00
104%Oct.'00
117
86
98
116% 117
110% Jan.'Ol
117
96
119
117
116%
lis
J-D*
48 109
108
87
HI
nSMllSM ^nPao-aa A Igg 411947 J-J 106% Bale
1947 J-J
117M131H Begiitered.
0'«»y*N»Tlrtif g 611909 J-J noiii
103^ lOS
Ore BBANaToong 41.1946 J-D 10B\ Sale
OreShortiana litgail932 F-A 127 Bale
ibs" io9H
Ore Bh
130
108KJan.'01
104 Jan.'99
*•• ..••ai
?*Jl.^TV.r^
148M TStLAKO Iitg6ltr.l916
aa.att .aatat
.ataaa
114
119J< J'ne'99
lie% Jan.'01
Jan.'00
,
Bala
Bale
116
9e« TolAOOlitgSi
86
116)^131
130
•108«
A-O
A-O
A-O
76J4
118« l\S9i
141H Jan.'Ol
137MFeb'99
115K 116H
IIBMNOT'OO
116)4,
. .
88M 767
117
96
Am
117«
AJJB«daoedtogold4Mi 1083 JB«glitered
1983 J.
Dakota axt gold 6i.... 1910 M.
Mont Bzt 1 It gold 4i 1 937 J-D
BagUtartd
1987 J-D
97«
J-D
2000
.aa.a
113)4 Deo 00
91)i Sep.'00
J««n K6I.19S0 A-O
T« £A ^gK»
N O. Am
80 Pac Co.
TexAP BtB dlT litg 61.1906 M-S
Oct.'99
Jan.'99
iiex 114
•rf-i
lit gold Si
190a
108
109
M-N 113
M-N •118
F-A
J-J
1936
„8,MoW»nc.
Tear
Last Bale.
A$k. Loto. High. No. Lote. High
•
100
Mt L B W litg 4i bdofi.1989 J.
1908
Nord>Tlitg4i....l948
Begiitered
1948
1.
•
83M
WeeVe
Xange or
l,
110«118!4 fPOk *>y«ANor litg 6s. 1939
lis
3 I'O^USJi f i^Vi ?^ ^"^ »" « i«i.l94S
fanb A Lew— S«e Penn BB.
^^an.'01
131M 130
11 106
113M 114
IISH T^rra Btag A N y. S«« DLA W.
eboAN. S«'«MK&T
VOaa 104
I0»ii Oct'OO
arAofStHitg 4)4i.'39 A-o 114)4
••*
79""
•116
"isii
"b6w 187
"via
afV*^J*"1!'«- 1897-1944 F-A
iian
.
Oray'i Ft Ter 1 it Rn g 6i'47
St Panl Si Dal Se* Nor Pao
tPanl
A Man 8d 6i.l»09
lit oonioi gold 61
1983
Baglitered
1933
Feb.
A 61.I9O6 M-s
1911 M-S
i9i« M-s
1921 M-s
1936 M-8
1926 M-S
1931 M-8
*""
St Lonli A San Franctioo—
Sd gold 61 Clan
1906
B«glit«r«d
Feb.
[Vol. LXXII.
4.
Price
Friday,
B*d.
Virginia Mid ser
Series B 68
SerlesC 61
81
94
L * Iron Meant. See M P.
E O A N. at* Wabaib.
L M Br. jS«« T RB A of StL
Bt
Week Ending
I
1940
1940
OoAianteed
BONDS.
Atk. Low. Sigh, No. Lote. High
Southern— (Con)
106 NOT'99
'SioOrJanolitgag Bi.l9S9
Page
(5 pages)
N.T. STOCK EXCHANGE
1
Bid.
BloGrSo litgli
Wetk'a
Range or
PEIOES
.
J MISGELL'8.
Mlacellaneona. Par.
Bid.
1%
Amer. Writing Paper....
10
Preferred
5i.,
Anthiadta Coal Co
Barney A BmCar
Preferred
Bergn
Bllll
A Bng Br
t
100
100
lit 6i.
.
9%
18
ee% 67%
9?«
93
180
108%
Company—Com.. 50 186
187%
•• aa
196
Bond A Mort Gaar...l0O 860 876
90% 90%
British Colnmbla Copper
100
98 109
Celluloid Co
I An d Interest,
r Price per sh are.
Preferred
60
< •
,
Feb.
.
9
'
..
.
THE CHRONICLE —BOND
2, 1901.]
BONDS.
HI
W. Y. STOCK EXCHANGE
Webk Ending Fe b. 1.
K^"c^HlL*Pf5s.....'87 A-O
i»w A-O
Purchase mon 6i
Price
Friday,
Range or
Range
7ear
Feb. 1.
Latt Sale.
1900.
Kd H) Bkn-litoon (til. 8V» J -J
|iaoQa»-LCoof BtLlitK5» IH O-Ft
10754
Sale
J-W
F-A • 96^ BTM
M-S 109H111
121
P»terBOD*PG*H«5».1949 m-^
PeoOat*Clitgug6i..l904 M-N
••••«
J-D
A-O
Utoon«olg6i
U-8
Refunding g6i
M-8
BefTiitered
v ,54 J-J
ChO-L*Okel»tKnK5i37
ConGCoofOhlitgnK5i36 J-D
1»"|
1»43
}«*'
adiiftd K6i..
Trenton Q
A
-J
.1
109
107
108)4 111
9612
^1% 140
IO9I3
10
109Vi
ISO Nov'OO
106)4110
107"
108
J'iy"'o6
ib?" loi'
Jan.'Ol
Jan.'01
102!^ 107
187
109)4
l01KJan.'01
102
loa
107 Deo'OO
107
105
103
109
107
107^ Jaji.''bl
ioiii ibs)4
me
• .....
80
ConponB off.
:yX'•]t^Q
•104
Co Fnel Co gen gold 8i.l9l9 iw-N
Sale
98H
OolJ" A I Co gen f nj'l^*^ F-A
i>eBardelCAl.S«TCAI.
•107
Qt bit Coal A C lit g 6b. 1919 A-O
J-D
J-D
M-N
J-D
Bd » rsi
PleasValCoallBt g ef 5 •JSjo
BocbA PItCA 1 Pir m 5il 946
BtinOk Coal Istg tf 8«"19}2
•»•*••
g6ViJan.'97
107 MaT'97
80 May'97
108 Oot-'OO
TennCoalTDiTlBtg6il917 A-0« 107 109M 110
Blrm DU I»toon6i.l9l7 J -J *iie)i no 109
106
Oah C M Co 1st gu g 6s..'22 J-D
108
DeBarCAICogug6s. 10 F-A *103H
32
WTi L H A P C Co 1st g 5s.'19 J -J
Qn-F
90M
. . .
.
A Gamb
Sale
103
Jan.'OO
113
112)4
Jan.'Ol
63
86
105
Jan.'00
105
105
A-O
A-O
V>M.<
00
J -J
g6sl918
HnvelCo
UBBLeathCosfdebges.'lS
F-A
A-O
M-N
J-J
F-A
106 Bale
107
8
89M Feb
'00
99
70
106
93
109
Jan.'99
113^
J'ly '99
'iss'
84
Bale
8
8954
89J4
103)4 109
If
Aug'OO
87H 95
104
Jan.'Ol
lOS
66^
81
6694
9
18
8
84
24
•lia
MlSOHLLANHOnS BON DS.
Adams Bx—Col tr g 4S.1948 M-8
lit
\\Z)i Jan.'01
107
lOa
116)4
106
108
Jan.'01
mPkAlmpBs. SeeCenNJ
*H0
price Friday; these are latest bid
and asked this week,
OUTSIDE SECURITIES
Mtee»llaneon».
Par.\ Bid.
w
Cent Fire rks—Com. 100
34
70
30
'
100
Preferred
Okateaogay Ore A Ir 6s '15
Ohas A O Grain Bl— Inc.
Ask
no
75
45
16
78
80
410
Ohesebrough*Mfg Co. 100 380
RR—
Se«
Stk.B
X.
Ust
Alton
Chicago A
OJaflln
(H B)-lstpref.lOO
100
Sd preferred
103
108
lOi
101
Common— See St. Hx. list
Colo Coal A Iron Develop
Preferred
Ool A Hock Coal A I, Pfd.
JAJ
Istg es 1917
Compressed Air Co
Ueating.lOO
Car
isolld
Co
Coisol Flrew'ks-Com.lOO
100
Pre'erred
Cons Ry B eo Lt A Equip.
Tire
Rubber
Co jsoi
Prtf
Corbln Cabinet Lock. 100
Corbin (P. A F.) Co.... 28
Cr tmps' 8h A Bn Bldg. 100
Cmoible
38
86
31
84)4
65
60
80
75
10
65
lOk
81
350
86
80
t 8)>T4
7854
Steel......
Preferred
Diamond Match Co... 100
DlstUl. Co. of America.
.
37
68
Bleotrlo Boat....
Preferred
IDeotrlc Vehicle
15
Preferred
Bmpire State Sugar..,,,,,
86
,,.
Steel
Preferred
80
Brie A Wvstem Trans. 50 t 60
Fidelity A Dep (Bait).. 60 1160
General Carriage....
854
a«neral ChemloaL ....100
61
Preferred
100
07
100
A
89
17
40
7
37
3
66
Journeay A Bnmham.lOO
40
I
16
Ust.
list.
07
47
101
a
4
65
06
116
66
••••••
130
...
1001 160
U
41
100
16
30
100
Gramophone. ... 1 00
16
20
8
8
8
S
Nutlonal
National Salt— Ses Stock
lOO
National Surety
National Tube SeeNYStk
100
Paper.
National Wall
N. K. Klec. Veh.Trans..lO
100
N Y LoanAImp
N Y Biscuit es 1911. MAS
New Jer Zinc A Iron.. 100
N. Y. Bl.Veh. Transp.lOO
60
Nicholson File Co
Otis Elevator Com
Preferred
Peck, Stow A W110OZ..35
SO
Pennsylvania Coal
60
Pitts Bess
50
Pittsburg Brewing
60
Preferred
100
Pittsburg CoaL
100
Preferred
100
Pitts Plate Glas
Planters' Compress— See
Pratt A Whitn— Pref lou
Procter A Gamble.... 100
100
Preferred
1st 6s— See Stock Bxoh
Royal Bak Pow pf
ALB
.
3
70
StandardCoupler.oom ....
,
8)4
85
114H 116
4
4)4
68
38)4
30
91
38
01)4
760
80)4
84
4454
88)4
80)4
84)t
45
2«54
87H 87H
leoM 168
Bosi'n
78
sao
200
list.
05
346
registered
coupon
registered
coupon
96
05)4
a7H 98H
t
77
63
188
88
180
7(#
68
125
177
180
160
300
800
816
ilsu
86
185
RTlstes'lSAAO
JAJ
StUlw-Bierce A 8m-V.lO0
•
Storage Power
66
11
100 101
Swift* Co
1st 6s 1010-1914.. .JAJ ilOl
Basq Coal 6s 1911. ...JAJ 113
Texas A Paclflo Coal.lOOl 101)4
AAO {106
1st 6s 1908
TlUeGuarA
40
84
•«•• MCttl
X18M IIBM
101
io>u
100)4 100)4
•••••• aititl
NOT'99
111)4
107)4
100
111)4
ii»
104)4 107
109
113
107H
118^ Deo'OO
see
icsH lor^
106%105'4
111^ Bale
110
111
Class
Class
B5s
Virginia fund debt 3-3s.l991
Registered
,
6s deferred oertfs
|
MIecellaneoue.
A
recedltif.)
Jan.'Ol
Jan.'Ol
114
DoO'Of
Jan.'01
105
108
103
109
133
108)4
lllK
11154
11S54
b90
108)4 10994 108)4 Jan.'01
J-J
J-J
J-J
F-A
J-J
J-J
J-J
J-J
A-O
J-J
J-J
J-J
J-J
J-J
107
100
114
II7S
114 118)4
18354 189
I8I54 13854
11854 110)4
118)4 IIOS
10
10
13754
Jan.'Ol
103)4
104
10854
10854
07)4
108)4
Ang'98
109)4 Oct.'00
10254 Sep.'OO
131
Apr '00
108
Ang'CO
11«M
109)4 109)4
--102 108)8
181
181
106)4
10^
109)4 Feb.'9v
105
106
Oot.'00
187)4
110
96
138
130
Feb.'98
97)4
90)4
94
96
96
9
754
754
Mar'OO
V6H
Oot.'00
10
I
•
•
96
75<
•
6
106
10«M
180
180
9854
-Og
90
86
SOH
"35
10
Bonds due Janoary. T Doe AagasU aThese are option salM.
Par.
Bia.
Trenton Pott— rtef.. 100
Trow Direotory-New.lOC
Untcn Copper
Union Steel A Chain.
Preferred
Union Switch
Preferred
V
oe
69654 Jan.'01
to the pound.
of %vt dollars
lu
.
April.
11'.
lUH
.191
6s
So Car'oIlna^V^s' 20-46. 1983
1
Tenn— Ne w settlem' 3s 1 9 1
Dae
1 1 1
111)4 110
114H 114)4
114
Bale 114
137 18754 13714
137
137H 138)4
110)4
115
110)4 111^ 110
Carrenoy funding 4s. ..1920
Dlstof Columbia— 3'85s.l924
Louisiana— New con 4s.. 1914
Small
Missouri— Funding. ..1894-95
Norta Car- Consol4i...l910
Small
i
110%
118)4
1906
1906
C 4s
HO%J
110
1904
1904
coupon
seventh va
108)4 Jan-'Ol
108^4 .an.'Ol
dailj/ recoTii
.....1925
registered
SlKnal.60
50
1st preferred... .,.,100
100
2d preferred
64
Bid.
U. 8. Cast Iron Pipe
Preferred
66
4
6
£ MISCELL'8»
MI«eelIaneon»» Par.
Ast.
60
454
88
£kivelope— Com..l00
Pref
100
00
03
U S Glass—Common.. 100 88)4 Si
Preferred
100 180
Va. Coal Iron A Coke.lOO
8
4
5b IU49
MAS 31)4 84
Westlngh Air Brake... 50 tl83
183 i4
Wnrthlnsf. Pump. ofdlOf' 108
118
US
«>4
10
30
57
t 55'
76
^ 78
41)4 43
111
114
116
117
Union Typewr— Com.lOO
Banks.
Trust... 1001 476
6
Trenton Pott—Com. .1001
Bid.
18
108
103
120
llO
400
8
Banks.
Ask.
Broken' Qu otati ons.
830H
....
New Amst.*..
New York Co.
N Y Nat Ex..
New York....
19th Ward*..
*5'3S
300
Columbia*... 800
Commerce.
.
818
Continental 143
Corn Bxch*.. 4380
Domes. Exoh
Bast River..
nth Ward*.
FUellty*
Fifth Ave*..
First
• *
••
t
103
140
ISO
191
•
t • • s
•
8750 3960
225
3600
4th Street*. 150
180
Fourth
400
Gallatin
Gansevoort*. 95
1
German Am* 136
German Bx*. 868
Qermanla*... 500
Greenwich*.. 185
Hamilton'... 160
Hano'r(new) 515
Hide A L'ath 160
Imp A Trad. 536
180
Irving
Leather Mfr. 226
400
Liberty
300
Lincoln
Manhattan* 285
Market A Fu! *8B0
Mechanics'. 410
Meoh A Tra* 106
Mercantile .. 424)4
Meroh Exoh. 186
Merchants'.. 180
Metropolis*.. 610
•
* • • •
436
1600
Gartleid
int,
t
•
NY*
140
160
12th Ward*.. 100
23d Ward*... 100
Union Sq'.... 285
West Side'.. 390
476
Western
YorkvlUe*.. 280
116
•
•
se*
190
....
Broadway*
.
810
340
110
Brooxij8th Ward*...
100
5th Ave*....
First......... 300
Kings Co*.... tllO
Manufaot'rs. iSS
Mechanics*.. 100
,^
830
)
195
t
Trust Cos.
AUantlc Tr. 390 880
Bowl'gGreen 184H
*
ai-Rlty BAT SOU
Central Tr'su 1076
Olty Trust... 380
875
Colonial
375
Continental 400
Farm Ln ATr '490 1590
Fifth Ave Tr 5SS
Guaranty Tr 600
Knlok'rb'ok'r 475
.!•••«
Manhattan .. 350
Mercantile
810
Merobantf'. 300
•••tt
Metropolitan 490
MortonTrust 68B)4
i
N Y L I A Tr 1893 1875
North Amer. ta 3
888)4
Real Est Trt 310
StandardTr't 293
*
Tr.Co.of Am. 210)4
TT.CcofN.Y. 1^6 800
Urloa Trast. 1411
*
830
U8Mt«ATr.i410
:'«vi'
1030
Unit. States.. 1800
.*«•*.
S5
110
.est
••••••
•!••
308
Scherm'rh'n' 170)4
lis
17th Ward' 106
Prloa par share,
lii"
N YSeoATr:77B
.
People's*
310
.
t
Meoh A Tra*. 370
100
Merohanu
Nassau ..i.a. 883
879
Nat City
North Side'.. 176
Sprague .....
36th Ward*.. 188
Union*
126
Wallabout* .. 106
.
BB'KLYN.
Bedford*
otati
N. Y. CITY.
136
•••»
685
Agk.
Bid.
Qu
• •
•
State of
Banks.
Brokers'
180
190
735
1600
130
335 380
110
••
*9S)4
Ninth
North Amer. 210
190
Oriental* .... 170
185
Pacific*
460
Park
Peoples'* .... 286
tioo
Phemx
476
Plaia*
Prod Exoh*.. »'.4l
ado
Republic
Riverside*.. 210
Seaboard.... 360
660
Second
186
Seventh
116
Shoe A Le'th 106
830
State*
•
Banks marked with an astarUk
aooraad
Ask.
160
Mutual*
Nassau*
Chase
600
Chatham..,. 300 310
Chemical
4000 H *
Oltltens'
161H
City
Colonial*
Bid.
Brokers' Qu otatio ne.
Mt Morris*.. t:98
N. Y. CITY.
America*.... 485
Am Bxch.... i36V4 X
Astor
600
Bowery*
t306
Broadway.... 830
860
Butch'sADr.. *94
Central
174
184
Fifth
list.
100 145
Preferred
100 146
Bd preferred
100 880
Singer Mfg Co
Standard Oil of N J..100 795
Stand Und'rg'd Cable. 100 914
SlOBS-Sheffleld- See Stock Bxch,
Southern Cotton Oil.. .60 t 55
3d 5s 1926
19
•
• •
113
STATH SBCURITIBS.
Alabama—Class A 4 to 6.1906 J-J
82)4
Bxoh. List.
140
166
axch. list.
86
—
Statlsl
Oot.''99
Jan.'01
100)4 Oct.'00
109 00t.'99
1918
1907
1907
1935
3s con small bonds.
4s
4s
4s
S 4s
8 5s
8 5s
Saw— Pref.. 100
Preferred
Hi
••••t •••••#
109
•
88J4
88
110
84)4
Simmons H'rdw-Com.l00 167
Preferred
lOOi
••••••
Lanston Monotype.... 80 t ea^a 67 ig
Lawyers' Surety
100
U6
IU6
Lawyers' Title Ins.
K5<
16
42K 43
64
66
International Blevat 1 00 \o'*
Intemat'l Pomp— See Stk. Bxch.
Internal Silver— Se« oil Bzob.
Do
do
pref.
Do
do bonds.
Steamboat.
100
Os 1901
JAJ
John B Stetson—Com.lOO
Preferred
100
3
13
60
8
110
106
108
7
16
78
Preferred
Nat'l
5
IBM
BleoVeh Trans. 10
Hob
U
U
U
U
U
U
D
Ask
40
10
SO
Imp't
Madison Bq. Garden— 100
MAN
2d 6s 1919
Uarkeen Copper.,.,,,....
Hex Nat Construot'n. pfd
Monongahela River Coal.
80
Preferred
Mouoneahela Water... 25
100
Mosler Safe Co
100
National Carbon
100
Preferred
Nat Bnam'g A Stamp. 10(
31
101
Feb '9
118)4 Deo'OO
U. 8. GOV. SBCURITIBS
1930
U 8 2s registered
Dae May.
Mlae»iIan«ona. Par- Bid
bomiard (P)— Pref.. .100 100
Preferred
86
Russell A Brwin.
Safety Car Heat A Lt.100
Seacoast Packing Co
Preferred
8
,.,,
*
96"
(Given at foot of 7 oonsbcutivb faqhs).— BANKS
Rubber Goods Mfg
86
6s
Illinois
89H
180
Preferred
,
Heok-Jones-J MUl-Pf.iOO
1st 8s 1922
MAS
Herrln«-Hail-MarTln.
Ist p'Bferred
100
Sdpref rred
Hobokeu Laud
79n
Due July
08)4
Qorham Mfg Co-Com.lOO 110
HaTana Commercial
88)4
83)4 85
U00!4 103
4
Preferred
24
300
00
85
'8H
8854
IstOs
1054
3
186
Pref
Bmpire
43
90
t
*••«•• ••«••
••»••• «•••>
•••••I ••••••
111
i07)4 Bale
Small
•i06
Aag'OO
80
Bale
81 54
69H
us' NoV'99
NoWestnTeleg. See West.Dn.
WeBt Union— Ool tr cnr 5b.'38
Fd and real est g 4)4.. 1960
Mut (JnTels fd 8s. ..1911
.
j'-ji
M-N
81
Low Hiak
(t-H
69
FOR'GN GOV. SBCURITIBS.
U 8 of Mexico s f g 6s oi 1899
Apr '97
109
87H
69
110
193C
US 88 ooapou
19i>4
U S 3b registered
1918
US3» coupon
small
boads.1918
U S 3s rag
106
109
33
83
Tear
1900.
Northwestern Tel 7s.... '04
98
103
108
105
93
32
'00
....
-J
-J
Mut On Tel Co. S«« Wn Un.
S
A N J Tel gen g 5s oy. '20
Rangt
Aik. Low. High
8854
^
J-J
M-N
M-N
Erler*Tcoltrgsf5s...l926
Met TATlstsfg5s...l918
Small
-J
J
1st g 6s. .'40
f
108M
Last Sale.
Week'$
J-D
J-J
M-8
PropCo Istg 4)4s 5-20 yr'17
S Yuba Wat Co con g 68.. '23
Bp Val Wat Works 1st 6s. '06
Vermont Mar 1st s f 6s. 1910
TELB. A TELBPH. BONDS.
J -J
Stan Rope AT lstges.l94e
1946
Income g 5s
Ist s
10S>4
90
lOlW Oct.'00
100X104
98^ lOOH 100 9994 100)4
ti-'^
.
Procter
68
Feb. 1.
*
ManBch U ALgeng4B.1940 M-N
News SAD D 5s.l990 J-JI
Newpt
rAOntLandlstg6s.l910 F-A
St L Ter Cupples Station A
i;ableCo 1st g 4s... 2397
2397
Registered
55
Range or
J
C^hloJoA8trdoolg5s.l9l5
J Non-oum mo 5s ....1907
J
Det M&M Id gr Sj^s 8 A.1911 A-O
Hack Wat Reor Istg 5s. 1928 J - J
Heod B Co 1st s f g 9s.. .1931 M-8
1910 M-N
HoDoken L A I « 58
Iron Steamboat Co es... 1901 J-J
Mad Sq Qard Istg 5b. ..1919 M-N
b The$e are vrice* on
Got Oil deb g 8s. .. 1900
1916
Bitended 4Hs
Am Spirits Mrglstg6s..l916
1 91
4s
tst
istool
Am Thread
BarASCarCo lstg6s ..1942
ftrameroy Bug 1st g «s. 1 92b
1910
111 Steel Co dab 6s
Non-oonT deben 6s... 19 13
Int'lPaperColstoongeg.'lS
Knlok Ice (Chic) Istg 58.1928
Nat8tarohMfgColitg6Bl92()
Am
WA wn IstSstrotfB
Com
105
106
••* •••*
110
109
Feb
,
MAN'F'G A INDUSTRIAL.
109
103
106
107
10014 10S)<
39
101
98X
110
••••
81
104
NoT'OO
109W Noy'OO
II
J
Dec '98
Jan.'01
luB
104
*••••
66
ColOAl r>eTCogugBi..l909 J-J
l»3fl
95Vi
117M 120
Price
Friday,
Bid.
F-A
235
5.
5^
1.
ir
OolCAl Iitoong8s...l902 F-A 108%
••••••
TeffAOlearOAIlitg8Bl92e
91
116
108H
!••«•• .leeei
i»»t«l ••••••
•••••I «••••<
DtloaB]LAPlitlfg5»;l950
WMtn Gai Co ooi tr g o»... 33 M-N
COAL A IKON BONDS.
Coal Mln. See T 1 4 B,
Cab
feartBltCoaLSeeNYCAn
111
78
110
109M
120
106
107
105
g
Kl
106
(••••<
130
J-J
gn « 5. 1 947 M-N
Mn Fuel Ga. Ist
58.1949 Itt-8
ist
98« 96«
lOSM
108M
MntFueiaaBCo aeePeopQM j-n 110
NTGHLH4P..g6»-19*f
d BlIlllit0onTB0il910 J-J
Wbek
Endino Feb.
1
.
.
Pass
2^'
BONDS.
k'n
WM Deo'OO
IV LV Q-Ft
gjQI^l
(6 pages)
BklnFerryCo Istcong 5s'48
98
•
.
n. y. 8took exchange
st»««»
•••f<i
PRICES
Low High
A$k. Low. HigK. No.
Bid.
II
Week's
9
8.
.
Washington. 306
BB'KLYN.
Brooklyn Tr. 416
Fiatbush .... 166
...,,t
Franklin..... 875
Hamilton..,. 856
Kings Co.... 414
LIsi LATr. 860
io«"
880
Manufaot'rs. 316
100
Nassau
S80
.,,•
People's
WilUamsb'gh 808)4 910
.
.
'
banks. I P'»">5,'\f^ JJi!^.'! •
) are State
SsJe at 8io«k xok.or at aioUon UiUwe k.
(•
.
1
THE CHKONICLE.
236
Boston, Philadelphia and Baltimore Stock Exchanges
fSr ^hare Prlcea— IVot Per Oeutam Prices.
Monday,
Maturday,
Jan. 26.
•854Ha55
leaw 164
164
•843
195
195
US^ K3H
•343
196
196
113}< Mthi 143
144^ 144H
•196
187
127
•343
194
195
144
104
14H
187
145
•137
137
137
78^ 78H
16M 16H
a
90% 20H
10
10
85
83
35
84
83
8
•
33X
S3H aiH
9S>«
98H
93« 93k
17
17
88k 90
39
80
81k •80k 81k
3k ^H
ae!4
le:^
161
ail
78
B48
848
314
77
848
119
78H
17K 17H
S4H 85
43H
64
5>i
889i
315
77
843
•118
313
78
845
80J4
80k 30k
7'*
7-,
7k
•64W 5BH •54k
e8k
«8J< 70
64
9^
95k 95k
86k
7k
139
30
30k
laSj,
13
BBk
5(5
•68k
70
70
1
,
"
35
Central OU
Con. Lake Sup. (Phil) 60
"
6C
Pref
6
Dan V. Bessemer "
"
IC
CeLong
"
IC
Diam EitAte dt
Oomin Coai of (Bost) IOC
DomlroniS.T " ....
H4B
18
45k
95k
83k
13
50
(Bost)lOC
neoCoof AmT.(Phti) SO
rranJcllnMin'g.(Bost) 35
lOO
General Hleot..
"
Pref
100
Ind-Sgyp Com (Bost). 100
111..
aak
rntBotHASM
"
llit8P4Dynam(PhU)
10
60
Ule t:bo;aie1...(Bost) 35
Manufac Bnb..iPau) 60
"
PTef
50
MarylandBrew.(Balt) 100
"
100
Preferred.,,
280
& Montana
30^
71-,
13
<
S5k 65k
70
•
a 36 9-l«
.
Bid.
Boston— Concluded.
163
162k NewBng congen5s'45JAJ
Sk an N B Cot Yam 5s 1929FAA 10894
(itost)
. .
"
IOC
If
"
8. (Phil)
1
3k
8ak 83
k
47k
119
65
85
17
163
4
8
1937
166
4k
3k
330
6
36
184k 135
31k 31k
3Sh 24
ek
994
1
83
88
50
6
48k
A40
5k
49
J4J ,100
100%
9.
Adjustment g 4s.. 1995
93
116
Boston Term'l 3k». -1947 {116
8J
Bos Un Gas 1st 5s. '39 J4J )
83
58
3d M58
1939 J4J
68
BurA Mo Rlv ei'pt Os.JAJ {119
Non-exempt 6s. '18 J4J {103k
Silk fund 4s. 1910 JAJ hoo
84k
814
.
Ch Bur AU 4S.1932FAA
lowaUlv 4S.1919 AAO
Chicago Juno 5S.1915 JAJ
Ch ANo M gn5s.'31MAN
96
5r
A Pot
Atl A Ch Ist 78.1907 JAJ
AtlG-Lightl8t58l917JAD
lak
.....
,,,,,,
>
1
i7
J108
ii39i
• •
jiosk
4 W M Keo 5s.'31 J4D
Tut'n
ist
111
104
107
99
90k
ll«>t
oonv Ss.'lO J4J
Debenture 5s. 19 1 3 A40
let 6s tunnel 1911. .JAJ
Bal Trao Ist S8.1929MAN
118
119
Bxt A Imp 68.1901MAS 103k 103k
No BaltDlv 5S.1942JAD 131
Conv'rtible5sl906MAN
Central By 6s.. .1912 JAJ
Consol 5s.... 1933 MAN
Bxt Almp58.1932MAS
Chas City Rylst 5s '3SJ AJ
ChasRyG4B15s'99MAS
*•••«
106k 107
92
loa
96
8d 7s 1910
AAO
City&Bub l8t58.1922JAD '98'
CltyA8ub(Wash) l8t3s'48
••••e«
ColAGrnvl8t5-6.1917JAJ 119
ee*
Consol Gas 6s. .1910 JAD 11 Sk ii4k
;i4
1939 JAD 1189i
5s
113k
•
io<k
Macon«Nlst4ks'90MAS
....
60
118
60k
133
New on Gas 1st 5s...yar
NewpN40Plst38'38MAN 106
Norfolk St 1st 5s '44. JAJ
105
SeoAvTn(Pitts)5s'34JAD
Sav Fla 4 West 5s *34 A40
Seaboard A L 4s 1950..,, '68k
96
Loanoertfs l903
Seab 4 Roan 5s.l936 J4J
KCCA 8lBt5sg.'25 AAO
1st 7s.'08 JAD
K C F SAMoon 6s.'28M4N JU7k
K C Ft SAG
107
•
GaCar ANlstSs g. 1929JAJ lC3k 104
G«orglaPl8t5-68 1922JAJ 134
GaSoAFla l8t58.1945JAJ uak i'ii"
KnoxTTraclst58'a8AAO
95
Lake R Kl l8tsn58'42MAa ii?"
Maryland Brewing 6s
31%
7
17,531
6,3SI
14,059
96^
1,856
I0,3i0
1,318
11,745
1,071.
631
OoBl L4Plst4kl'39M4N
s •
••
•
* • • 1
•
!•••
8841
4
209k May
TiH Deo.
Jan.
100k Nov. 83
26
Oct
14
7
Feb.
Deo.
Ceo.
Jan.
Deo.
Deo.
87
9«
37
81
1
31
7 7-16SepU24 19 l5-16D'rl9
24 9-16Jan.lO 35li Deo 91
13
Sept. 3 199-16 D'rSl
8
July iO 18k May 4
30k Sept. 28 35 Apt. 87
Jan.
9 8 k Oeo. 31
TOk June 3D 85k D90. 31
88k Sept. 8a 409« Mar. 31
5k Sept. 35 lekMar. 30
91k May 29 b4k Mar. 9
HH
1
4,570
81 i
t7r
81k
30
70
2
June 2.
35
81
3-
May
Ik Sepuai
715
k
39 107
136
417 351
2,016 43
75 695
3,189 13k
15
50
4,39
36
1,147 96
3,54
3k
118
Mar.
Oct.
61
Jan.
Jan.
341
97
940
May
Sept. 36
Mar. 5
D
6d6
43
5,781
6
Deo 13
62
898
5
Oct
Jan.
•&
6,056
i7,J08
Oct.
Oct.
14
3
1,38B *105
Oct. 88
140
4
1
103k Mar. 89
e
Mar. 14
July 30
38k
Sept. 35
160k
ICk Deo.
llO
100
152
Deo.
31k
Deo, 18
8 96
4 131
N .V, 38
Oct 17
Nov. 87
a
18
51
Mar. 31
133 Feb. SI
3
579< Feb.
63 Deo. 18
13 Jan. 18
13 Deo. 88
30
o
Jan. 10
^k Feb.
63k Jane
Jane 32
39k Ju e 35
6,621
i»
Jan.
Deo. as
Nov. 16
Jan.
3
Ik
148HDeo. 31
Deo. 81
05k Mar.
is'.aVs
7
Jan.
Deo. 38
Jan.
8
Jan. 11
9
Jan.
6k
18
30 OOG. 18
40 Jan. 1>
10. 61
5
Jan.
t ssn paid In
BONDS
25
49% Deo 10
Deo. 16
56
«Pk Dec 3-i
* Bx rlghtt.
Bid. ABk.
Baltimore—Conolu'd.
West N C con 6s. 1914 JAJ
118
WestVaCAPlst6g.'llJ4J
Wil 4 Weld 5S..1935 J4J
130
••••t«
137
18»M
Asphalt Co 68
BergABBrewlat6s'21JAJ
B BoroGa8lst58.'38M&rCambria Iron 68.1917JAJ
ChesADCanlstSa.'ieJA.!
ChocOkAG gen 58'19J4J
Cit's'St Ry{lQd)oon Ss.'SS
ColumStRy
113k 114
tr ctf s
Atl City 1st 58g..'19 MAN
Balls Ter lit Ss. 1926 JAD
114k
•
60
108
109
lst58..'3L-
lOfk
lst78.'05FAA
M 58.'20 MA>
116k
Bdlaon Bleo Ss stk tr ctfs
BlecA Peop's Tr stk tr ctf f
i'dik
1st
•••t
l8toon58.'3k
lOlM
Blm&Wilmlst68.'10JA.i
Income 5s... .2862 AAO
Bq 111 Gas-L Istg5s.l93h 109
Hestonv M A F con 5s. '24 117
HA B Top con 5s.'25 A feO 109k
Indianapolis
Ry
4s.
78
.1938
78X
KCSub B l8l6s..'30JAD
Lehigh Nav 4k»- -'14 Q-J
1914 Q-F
RR4»g
113
Gen M4ksg.. 1934 Q-i'
Leh VC'I l8t58g.'33JAJ
Leb Valezt4*..1948JAU
106k 106
130
MA^ 130k
JAD 183
JAD 187
37
New'k Con Gas 5s '48 J4D 106
1910
3d 71.
1923
Consol 68
Annuity 6s
Nat Asptalt col 5s
Newark Pars con 58.1930 11694
NYPhllANorl8t4B '39J4J 104
85
Income 4s... 1939 MAN
No Penn
Ist 4s.. '36
QenM7s
Penn gen 6s
Pa A N Y Can
•If*
7s..'06
io-j"
Yai
Yai
184
Var
111
6s
ir'3
.
JAD
AAO
AAu
Penn Steel lst5s.'17 M4^
Cons 5s
Cons 4s
•
MAN
1903JAJ
1910
Consol 6s 0.,,, 1905
1919
Consol 5s r
Penn A Md Steel con
r...
1939
1939
People's Tr tr certs 4s.'4:Phlla Bleo gold trust otfe
Trust certf 8 4s
186K
185
117
108
seta
I
•• t
91
•
ee
•
••
107
103k
7ik
PhAHr gen M 5g.'30 AAO l-<0)t
Gen M 48 g.. 1920 AAO 109
Ph 4 Read 2d 68.'33 A4v 139
Consol M 78.. 1911 J4I 131
Con M 6sg...l911 JAl
Bxt Imp M4s g.'47 AAC
Con M of '82 4s.'37 J4.
9»k
Deo.
Nov. 87
Nov. 97
Dea 87
30k Deo. 19
Sept. 22
HH
301
3
1,607
Deo 88
Not. 17
63k
72k
10k
83k
3SiO
Deo. 86
Oct. 36
Apr. 18
Jan.
70k
IS
309
Mar. 15 365
Jan. a:- 180
Jan. 16 349
Apr. 1 202k
Jan.
- 10 144
Mar. 12 146
a 1 28
Jan.
May 15 40
15
May
469i
Jan. 2< 140
Sept. 35
Jan.
4 39
"ept. 37 81k
Sept. 31
17k
Jine 28 100
Sept. 39 >*<
June 25 89
1,40
1,8U?.
ttOa
Baat&A
BaltCPa8lst5s.l911MAN ill" iVa"
Bait Fundg 58.1916 MAN 134
Bxchange 3ke.l930J4J 113 113"
BaltAPlst6sml 1911AA0
98
98
i
100
99k
i
{115
i
83
10,83
DelABBk
99
M 6s g.'Oe MAS ni3
3, '00
Con Trao of NJ
.
NorthCent4k8.193SAAO 117
JAJ 1089i
6s 1904
Benes A Ss 1936.... JAJ 135
Series B 6s 1926.... JAJ 135
Pitt Dn Trao 5s.l997 J4J 115k
PotomVallst58.1941J4J
Ft ElkAM V 1st 6s '33 end 3137
Unst'p'd 1st 6s.'33 AAO §137
Illln Steel
•••
108k
90
115%
89
39
110
14,9-15
Highest
Bonds— Philadelphia
AlleVyEext 781910 AAO
Atl Coast L ctf 8 5s .JAD
Bait Beit Ist 58.1990MAN
Met8t( Wash) let 5s'25FA
{lOJ
alio
al03
ll06
Curr't Rlv 1st 58.'27 A40 i 97
DQRAWlst4s.'46 AAO I 98
DominCoal lst8s.'13M48 ;lb9
>s29i
198
"
108
67
'
36
23
66
1st mortOs.. ..1906 JAJ §109
Rutland 1st 6s. .'02 MAN n03
Torrlngton let 5s 1918... 1
West Bnd St 5s. .'02 MAN iioa
1914 MAS aos
4k«
1916 MAN {
Deb 4s
AT4SFgeng4s.'95A40 UC'1% 102k Ga AAial8tpf5sl945AAO
'
848"
i
N YANBnglst7s.'05JAJ «ii3k
CharlCAA extSs. 1 9 10 JAJ
7k
WiDona Mlnlng(Bost) 85
Wolverine Min. "
35
1907
Anaoostla
19
a6k 37"
87k 38
3k 33"
Warwick IAS. (Phil) 10
"
Ist 5s..
Bonds— Baltimore.
41M
Dtah Mining.. (Bost)4-85
Coal
48
6s
n9k
81 132
Bid. ABb.
New Bng Tele 5s.° 1 6 A40 iioa
25
85
DnCopLAM'g "
DnBlLAPowpf (Bait) 50
United Fruit (Bost) .100
35
DnShoeMach.. "
"
Pref
25
25
D 8 Mining.,,, "
rel
BONDS
NBGasAC
"
U8PHor8eCol.(PhU)
Aab
..,.
.
Pref
Westm
35
..•>
....
,
....
paid... (Phila.) ....
MISCHLL.— Concluded.
Am BeU Tel 4s. .1903
lu9
"
"
"
a
"
PreferredT
.... 60
.,.
•
05 New Bng. Cotton Yam, pref.(Boston),.,.100
•137
New Bngland Telephone....
"
....100
80
"
.... 25
31k Old Dominion Copper T
Philadelphia
Bleo.T
paid
(Phlla.)
7k 79s
8k
183 123
United Gas Improvement!..
"
.... 50
13
lak United States Oil
,,, (Boiton).... 36
43 Welsbaoh Co
43
, (Phlla.) ...100
55M B5k Westingh. Bleotrlo 4 Mfg... (Boston)..., 60
•70
"
i»referred
,.,. 50
,
35 11-16
Tidewater St.. (Phil) 10
Torrlngton"A"(Bost) 35
3
8k
'6X
191
169
Boston
Bonds— Boeton.
3
Ba*ionCou£l.(PhU)
.,,.100
....lOf
American Alkali
(Phila.).... 5C
Preferred, $10 paid
"
..,. 50
,,
American Sagar ReflnlngT. (Boston). ...IOC
PreferredT
"
....100
Amer. Telephone &Tel.Co.1
"
....100
9
8
5
Susquel AS1[..(Phll)
Tamarack Mln. (Bost) 35 338
175*
108
"
"
t..
STOCKS BONDS
Chi
1
314
9
"
25
Palmetto Co.... (Phil) 85
Parrott811ACop(Bost) 10
Penn BleoVeh. (Phil) 50
"
Pref.*
60
50
Pennsyl Salt... "
Pennsyl Steelt. "
,,,.
" 100
PrefT
Phila Co
"
50
Plat torsComptCBoit) 100
"
yninoy Mining.
35
86
Rhode Isl Mln.. "
"
Santa Ysabel O
5
17k 18
4
4k
310
Amer. Agrlcul. Chemical
842
Osceola Mining.
-<H
25
84
137
95
137
•
AmG
HIBCBLLANBODB.
(Bost) 21
Arcadian
3£
Arnold Mining. "
"
3^
Atlantic Min'g.
••
35
Baltio Mining,.
(PhU) 5C
BettaBt^l
lCleoLt.(Bost)10C
Boston
Cambria Iron.. (Phil) 50
(Bait) 100
Canton Co
Centen Mining. (Bost) 3S
l6iH 164
5
No
Dredg(Bost) 10
"
35
Old Col Mining.
, ,
3k
9
•
New Hav I A
—
mer.nementl(Phll) ....
60
Amer. L4S...
1359i 138k
•118»»
313
.
Preferred!
2k
5<
5'
(Bait.) .,..100
.
9
'11 Telephone
^
88
5(
....
....
...,
,,..,
,
li<Kr(3ntbaier
.
4
.
"
"
"
"
....luO
(Boston).... 100
Preferred
"
,...100
Dnion Traction, f 17k paid. (Phila.)..,. 50
nnltod By & Blec. Oo....... (Bait.) ,,,. 60
West Bnd Street.
(Boston) ... 5C
i>Il8cellaDeoaa i^tooks.
Amalgamated Copperl
(Boston).... IOC
91k
••«••
(Bo»ton)..,.10C
(Phlla.).... 5C
,
7rf
'^ewBngQs4C T
.
35k
81k
ak
m 133H
13
S4k
,
•
139
•
S Bid. Ask.
INACTIVE
1.
RAILROADS, — Pr^«« Feb.
aih
Amer.Rai;wa}i(Fhil) 50
135
(•••••
All 4 Cnarlotte(Balt) 100
175
Bos 4 Maine pf ( Bost) 1 C 170
100 303 305
Boston 4 ProT. "
"
100
Central Mass...
16k 16
•'
63
65
100
Pref
"
100
170
176
Oopn4P8aium
Oonn River.... " 100 276 880
28
OlliOlTiPitUt(PhU) 50
"
60
I'relT
46
100
47
(Bait)
Fla.
Oa South 4
94
"
100
1st pref
96k
69
"
73
100
Sd pref
9'Tmant'n Pass(Phl!) 50 149
44
60
Hestonv M 4 T "
78
"
50
Pref
"
30
IOC
Inds Street
63
64
EC FtS4M..(Bcst)10>> 130
130
"
100
Pref
58
Little Sohaylk.(FhU) 50
Maine Central. (B'bdHOC 163 170
MlnehU14 8 H.^Phil) 50 60
50 ••••••
Nesquehon'g V. "
"
5C 108
North Penn
39
40
Pere Marqu'te.(Bost)10C
73
"
74
100
Pref
Phil Germ * N.(PhU) 50 1C8
50 110
Phila. Tiaotlon
iiys Co G«ueral1 "
'^H
CElted N J..,. (PhU)lOC 378
"
38
25
Trans
UnPow4
West Knd pref. (Bost) 6C 111k 113
WestJer4 3S.(PhU) 5C 64
5C
WeitNY4Pa. "
17
Wis Cent, new. (Bost) IOC
l7k
46
"
100
Pref
459i
WorNaBh4R. " IOC 130 135
poison Bl
(Phila.) ...,100
"
...,100
I7k
30k 30
7k ^H
133 133k 133
7k
55
70
no aale w» made.
Mkea price.
VUouei Mining(Bost) 85
5
9
flSk
....100
....IOC
....IOC
"
,
7k
7
l^
6k
3!59<
89J<
•
8«&
Iil6«
59
44k
63M esx
"
"
78k 81k ButteABoston
10
816 Calumet 4 Hecla
25
16k ^T^ Cambria Steel, »10k
50
S8k e8k •58H 5iH Consolidated Gas
(Bait.) ....100
34k 34k 34k 31',, Dominion Coal
,,, (Boston).,,. 100
69;^
Erie
"
Telephone.
....100
68k 69
68k
"
....100
43k Federal Steel.
43M 41k 44
61
(Phlla.) .... 50
689i 61k Lehigh Coal 4 Narigatlon.
"
7
,,,,100
7k •57k 7k Marsden CoT
"
5k N ilonal AsDhalt T .,,.,
,,,. 60
77
845
17k
68h
34k
34
C8
4^
58k
•137
65k
88k
STOCK
17
rs
4%
8k
SO
90
29
82
103k 163
314
79
845
8ifl
^l
93% P2k
nsk 119
8U 815
119
163k 163
84
*'S'<
an
3
315
77
843
V^
5k
96
136
•
Mid am
Chio. Burl. 4 Qulnoy
Chlo. Juno. AUn. Stock Yds.
Seaboard Air Line
Preferred
Union Paoiflo
3491
84% 89
l83%13JJg is 8k iss"
Sa
183M 1339i 18b?il33H 183
•13
13
18J« 12% •13
*
853 338
Preferred
9%
1'%
34h
Lowest.
1,336 t96
i 241
73 187
81,608
553 131
5C
"
Preferred
50
4')k
FltohbuTK, pref
(Boston).... 100
1419i 143
sak ain Lehish Valley
IPhila.) .... 50
a4k as Massachnaetts Bleot. Cos. T.(Boston)...,100
78k 7«i^ Preferred T
....100
....100
14k 10 Mexican Central
,
(Bait.) .... 5C
'89k 00 Northern Central
46
18?1
39
83
Shares
fH Choctaw Oklahoma *Qnlf.. (Phila.i....
41k
U3H 94
90
39
88
*80k
2k
41k 43%
136
7^
89
39
89
9
•187
309i
899i
•63
96
•
%
89
39
133^^134
'H
S
8iH iSH
VSii 3£H
im
58
7k
eSH
\(IH 1«H
93k 64
44^
Th
6H
85
17
83J<
17k 17k
6^k 69
35
35k
57
44
34«(
04*6
16%
93k
9k
315
77
84S
a4H
81
35k
17k 17k
•5tk 69W
85k 35M
69
44
64
7H
146
148
136k 137
9%
35
8:-«
83>,
35
llbk 119 •ll»v» 119
lH2k 161« I6j
•118
161
810
m
10
35
83
81k 81k
134\< 1355f
1S3M 134M
35
88k 83k
83k 83^
88H B9M
es
145
•145
Range of Sale* in 1900.
(
Northern Paoiflo
9%
3S
8«
M
83vi
S4
89
81
Week.
208 208
808 208
808 3C8
a07H 3C8 •307 308
729^ 73k
73
78^ oa^i 79k 73
73k 7S?< Pennsylvania
73k
IB 1316 en lt% !3-ie
15H I5«i 15 9-16 16k 16 18 7-ln Reading Company
35^ S.'M 8SJi 9-16 35k 35?6 35 1-.8 35% 35% 36k 1st preferred
aOk 80J4 aCH 11-iO aOH 15 10 aiH siH 2d preferred
3L air-i
84H !S
£SH 8dH
Sales
Railroad Stocks.
Boiton) .... 1 00
354k 854k Boiton & Albany
167
"
....IOC
170k Boston Hlerated, full paid..
•343
345 Boston & Lowell
"
....100
19^
195
Boston & Maine
"
....100
4lk 41
41%
46
46H
46k
14lk 141k 141k
sa'*
St%
33
34% a4k 21%
78k 78k 78h
13»
13H 1391
8Uk •89
90
39«i
45?i
Daily and Yearly Record.
Indicates onllsted.
IT
1.
—A
of the
Preferred.
Old Colony
8f8
*
bSVi
459<
Feb.
8S5
170
948 348
1P5 195
144k 145
141
146
143M 144h
144k 143
sen 40k 40k
45H 45H 4U
141% 141% 141k
143
148
14IM 14-)
82^ S'iH 33H S3Y< 3a>, 32^ 82k
as
a4k
a4M 24H 34
349i 84H
78
78
78
78
78Ji
78k
78
13^4
•13^ UH •
13k 1344 13^
g9>»
89^
88H 83H 89
84
84
*t«»*t «•»)•e»9i a&H
aSH B»H
*«S^ 46M
Jan. 31.
354k 3S4k asik3S4k •854
lasM 164
165
i8S9i l^'S
leb
» ...„ '44^
Jan. 30.
[Vol. LXXII.
ACTIVE STOCKS.
Friday,
Wednesday Thursday,
Tuesday,
Jan. 29.
Jan. 28.
801^965
•843
194
.
Terminal 5s g.l941 Q-i
180
lu79i
104
136
PWilABalt48.1917AA(
CoUat trust 48.1931
JA,!
108k 109
94
4s, 1997 JAJ
S C M 4 B 1st 4s..'S4 M4S
91k
9«H DnBy4 El lst4s'40.M4B "98k 9i--9i Read Co gen
Rochester Rycon5s.l93( 108
Income 5s
83
Income 4s 1949. ...J4D 749* 76
85
8ohRB81del8t5s g'SSJAD uok
3
Tlrg Mid 1st 68.1906 M4S 110
2M E C4 M RyAB 5s.'29 AAO «i04k
IP
KCStJoACB7s.'07 JAJ nt8
3d series 6s.. 1911 M4B 119k lad" SoranTraolst68'32MAN
131
DiUted N J 4s..l944MAr 180
37« 38k L RockAF 8 1st 7s.'0S JA. «105 107
1916
MAS
series
6s..
3d
nnTraoPltTsgen5»'97J*.i "74"" iee*«
1
Mar H A Ont 6s...'25 AAO 1118
4th ser 3-4-SS.1921MAS 111
MexCent 4s g..l911 JAJ { 79
80
5th series 6s.l926 MAS 113
97" Welsbaoh s f 5b 1930.J4D
160
8
3
SH
8k
a
1st con Ino 3s g non-com
8d con Ino 3s non-cum..
26k
13
27
14
Va
(Stale) 3s new.'33JAJ
Fund debt2-3«.1991J*.T
96
96
lAnd
96k
interest.
•PrtPt'lniiTido*
'-—'<
$1-01
.
.
February
19C1
2,
..
.
1
'
THE (CHRONICLE
J
luxuestment and l^ailroad
237
Intjelligjentje*
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including sach latest week or month.
The returns of the street railways are hrouuht tooether separately on a stibsequent parje.
Notice Change "We have changed our yearly totals so as to make them date from July 1 instead of from Jan. 1.
—
Latest Orosa
Bo ADS.
Bamingi.
Week or Mo Current
Tear
13,012
43,214
Ala. Midland... November,
Ala.N. O.&Tex as Paclun
N.O.&N.E... Istwk Jan.
fa»,.3o
Ala.&VlokBb.
Vlok8.8h.&P.
Ann Arbor
An.WaB.&Bal..
Ark. Midland...
Atoh.T.&B.Fe.
Atlanta & Char.
Knox.&No.
Atlanta* W. P..
At.ValJ'8ta&W
Aastln&N'weBt
Atl.
Balt.&An.
Bait.
Bait.
&
S. L.
LehiKh.
AOhlo..)
B.AO.Sou'w- 5
Bang'r&Aro's'h
Batb&Ham'nde
Current
Previous
Tear.
Tear,
Tear.
8.R.
Brunflw'k&W'Bt
Boff.R'oh.&Pltt
Buffalo & Sasq.
BHT.C.Rap.&N.
Canadian Pao..
Cent, of Georgia
Central N. E....
Central of N. J.
Central Paolllo.
Cent. Pa. <fe W..
Oliarleet'n&Sav
November.
November.
3d wkjan.
December.
31 wk Jan.
3d wk Jan.
3d wk an.
I
Nov ember.
November.
November.
October
November.
. .
&
Alton.. December.
Chlo.
Ohio. Bar. &Q.. Uecember.
Cblo.&East.IU. 3d
Chlo. Gt. West'n 3d
Chlo.Ind.&L... 3d
wk Jan.
wk Jan.
wk Jan
Ohlo.MU.<&St.P. 3d wkJan.
Chlo.& N'thw'n. December.
8t.L.C.&Bt.P.
[Week or
S
i
Decem 'r
83.775
1.229,631
424.552
94,635
1,221,170
29.000
15,000
11.000
36,410
4,778
16,408
1,012.001
935,236
38.6,520
)
187,567
709,461
737,846
OhlcR'kl. &P. November. 2,136,266 2,012,038 12.112.525 11,153,380
0hlc.8t.P.M.&O
I
ecember.
889.753
794,572
5,840,279
794,513
ChlcTer.Tr.RR 3d wk Jan.
26,980
24,000
Ohoo.Ok.&aoli December. *869.900 121,952 2.155,480
88.t)2^
Cln.N.O.&T.P. 3d wk Jan.
90,911 2,720.695
Cln.Porte.&Vlr December.
34,0d4
217,330
31,332
Ol.O.Oh.&St.L. 3d WkJan. 314,268 289,153 10.161,213
Pec. & East'n.
Cl.Lor.& Wheel.
Colorado &8o..
Col.New.A Lau.
Col.Sand'y&H.
Cornwall ALub.
Oamb'l'd Valley
Denv.&RloGr..
Denver&So'w'n
Det.&Macklnao
Dal. & I. Range.
3d WkJan.
3d WkJan.
November.
November.
3d WkJan.
November.
November.
3d WkJan.
November.
November.
November.
3d wk Jan.
December.
December.
DalathB.8.&Atl
E.Bt.L. &Oar..
ElglnJol.&East
Dt-cember.
Kile
Ev'ns.&IniTplle 3d WkJan.
48.866
84,888
423,415
14,921
18.469
13.960
90,231
186,3CO
212,628
65.334
269,364
35,074
13,948
133. z38
3,187,896
4,976
26.299
8.465
196,246
14,580
1,296
41,845
109,397
35,598
602,568
87,672
16,^41
46.439 1,348,445
42,675 1,115.956
410,817 2,078,41b
70,816
15,244
588,878
19,239
105,826
25,776
474,659
86.137
179.200 6.635.060
219.161 1,022.899
351.919
52,184
419,687 2,508,4 81
38,9d6 1,414,230
79,44b
18.778
951,119
146.895
3,186,215 19,333.938
192,442
6,750
819,590
26,364
59,426
8,425
896,561
166,212
378.231
8,109
7.079
1,765
30.949 1,014,500
613,033
104,301
191,634
30,798
533,017 14,239,559
96,646
606,231
16,829
Evan8v.*5T.H. Sd wkJan.
Plnd.Ft.W.&W. December.
Ft. W. A Den. C. November.
FtW.&RloGr.. 3d wk Jan.
eadB.&AU.U.. November,
Georgia RR.. .. ^d WkJan.
Geo. 80. &Fla.. December.
OUaVal.G.&N. December.
Gr.Tr'nkSyst.. 3d WkJan.
Gr. Tr. &
2d wk Jan.
Det.w.H.<teM. 2d wk Jan.
Great North'n—
8t.P. M. <teM.. December. 2,013,804 1.858,440
Baetof Minn. December. 251,061
233,364
Montana (.'en December. 203.007 209,429
Tot. system. December. 2.467,872 2.301,233
Hooking Valley 3d wk Jan.
y4.798
93.695
Hoas.&Tex.Cen December. 529,041 878.327
Wn
t
niinolB Central. Dei ember.
Illinois South'n November.
Ind.Deo. AWest Septem'er.
I]id.m.»lowa. December.
In.A)Gt.N'rth'n 3d wk Jan.
llnteroo. (Mex.)
Iowa Central.
Wk
Jan.lii
8d wkJan.
iron Railway... December.
Kanaw ad^Mlcb .id wk.lan.
K.C.F.So'ttAM. 3d WkJan
K.U.Mem.ifc Sir. 3d WkJan.
.
E»n. C. N.W...
Kan. City Sou..
K. C. Sub. Belt,
liehlgh & Hud.
Lehigh Val. RR.
Deoomber.
2d wkDeo.
2d wfcDeo.
December.
December.
V.
Leh.
OoalOo. December.
L.
A
W.-li. Coal. October...
Lex'gtonA Eant Novimber.
ANaflhv. 3d
5.892,960
691,841
1,026,221
2,867,407
186,901
9,644,170
1.297,b84
1,113,721
1,844.519
66,464
552,444
122.663
448,327
6,844,954
991.616
303.859
2,b62,84 9
1,479,806
78.071
931.471
20,353.815
216.052
829,772
68.895
735.023
273.531
7,371
890.632
585.838
180,2b7
14.264.713
604,131
12,407,855 13.122.632
2,274,564 2.039.013
1.0.7,860 1.129,446
15.760,zt9 16.341,091
2,709.726 2,410,740
2.799.571 2,293,275
3,129.982 2,810,570 18,318.926 16,380,964
8,282
51,435
181.684
64,250
177,423
62,748
624.648
114.066
632.393
94,935
94,094
89,355 2,773.028 2,665.6fil
82.10U
74.770 2,037,800 2.101.170
60,870
41,62b 1,315, 49i 1,3.45.003
26.483
36 807
4.324
6.40S
16.9i7
607.604
406,387
14,217
121.921
92.5^8 3,542,2 j7 3,1236, 17H
K43,395
46,672
33.208 1,089.917|
208.7921
207,607
3t>,305
38.346
92,259
81.426 2.033.047 1,874,519
265,690
261,997
10,673
9.449
221,049
249,049
89,035
42.260
2.206,440 2,087.394
2.025,286 1,826.067
e471.018 elll9349
145.86'^
121.603
24.621
23.82t>
Macon
&.
1 to Latest
wk
I
an.
Birm.. December.
Previous
Current
Previous
Tear.
Tear.
T'ar.
Tear.
10,716
20,8221
5.615
16.698
560.830
577,125
9.3601
3,078|
December.
tMexioanCent. 3d wk Jan.
329,473
Mexlcanlnter"!. October...
!Mex. National. 3d wk Jan.
483,9231
141,218|
Manletlque
i
7,356
5,516
314.463
390,772
140,269
37,183
85,90J
14,654
•
1,627,138 1.590,543
86.5771
61,439
339,242
323,671
16.022,286 15,690,414
56,367l
39,051
38.634
40.968
9,198,501' 9,228.870
1,738,449 1.528,827
4,092,432 4.008,855
292,302
49.367
287,342
Mex. Northern. November.
2,268,800 2,353.910
86,400
tMexican Ry... Wk Jan.l2
406.573
383,364
16,700
2d WkJan.
Mexican So
48,06,->
59.220
1.824,362, 1,687,935
Mlnne'p.&St.L. 3d wk Jan.
80,259 2.511.0411 2.983, 8'i2
71,446
M.8t.P.&8.St.M 3d wk Jan.
Mo.Kan.&Tex. 3d wk Jan. 329,916 227,298 8.865.886' 7,747.828
Mo.Pao.&Ir'nM 3d wk Jan. 610.000 521.000 18,436,000 16,969,655
20.00(
794,000
22,000
780.570
Central Br'ch. 3d wk Jan.
632.0001 541.000 19,230.0<
17,750.225
3d wk Jan
Total
3,032'
79,049
60,671
2.195
Mob.Jao.&K.O. Wk Jan.28
Mobile* Ohio.. December. 6580,900 e569.502 e3. 118,700 c 3,109 052
103.361
692.151
130.751
629,008
Mont.<feMexG'f December.
Naeh.Ch.&St.L. December. a631,63.'i 0565,977 o3,849.4 16 a3,567,249
14,022
12,786
3.585
3,663
Nevada Central; November
N.Y.C.&H.R.. December. 4.720.432 4,457,413 29,290,851 28,443,180
N.Y. Ont.&W.. December. 450,840 411,910 2,551,082 2,678,414
N.Y. Susq.&W. December. 258,662 245.339 1.162.130 1,418.138
303,037 273.021 8,867,0041 7,679,197
Norfolk <fe West 3d WkJan.
North'n Central
Northe'nPao.d.
Ohio River
Pac. Coast Co...
Pacific
MaU
Pennsylvania^
Penn & No'w'n.
Pere Marquette
Phlla. AErle...
Wllm.&B.
Phil.
Pltta.C.C.&St.L
Pltt8.Be8.&l..E.
Pitt.
December.
3 i WkJan.
3d wk Jan-
November.
November.
December. 7,816,904
56.937
November.
3d wk Jan. 145,348
November. 615,541
December. 996.603
December. 1,701,292
27,282
3d wk Jan.
Ch.&Y'ny. October...
FlttB.A West'n..
Pitts. 01. &Tol.
Pltte. Pa. & F.
Total ByBtem
766.840
527,'; 09
25,061
427,833
261,301
October...
October
October
3d wkJan.
. .
. .
Plant 8 J stemAla. Midland. November.
November.
Brune. &
Chas. & Sav.. November.
Wn
Sav. Fla. & W. November.
811. 8. Oo. & Q. November.
21,166
214,463
109,706
38.140
59,863
89,735
57,225
61,069
444,971
14,066
664,740 4,0 15, 654 4,085.254
443,825 19.624,231 18,583,581
886,278!
25.814
778,334
477.020 2,428,486 2,417,t50
403,840 1.385,260 1,665,245
6,617,-01 44,764,601 39,773,801
280,2011
282,378
67.035
134.899 4,851,9311 4,318,713
693,379 2.673.843 2.731,622
92 7,203 6.934,938 5,613,438
1,714.556 9.612,213 9.988.162
35.491 1,471,222 1,250,091
70.297
72,188
18,293
699,635
758.249
182,629
414.668
367,991
98.441
205.262
167,623
40.629
2,034,947
63,516 2,150,460
86.689
66,728
47,228
370,059
19,269
424.652
278.102
263,820
1,936.086
83,552
385.620
296,960
214,027
1,663,421
123,108
Reading Co.—
PhU. <fe Read. December. 2,562,424 2,365,428 13,976.601 18,741,777
Coal &Ir.Oo.. December. 3,096,0o3 2,568,970 13,922,397 16,656.933
Tot.both Co's. December. 5,648,477 4,934,398 27.898,998 30,398,710
389,340
368,230
75.439
80,578
Rloh.Fr'ksb&P. November.
274.420
282,338
46,481
52,228
Rio Grande Jot. November.
302,605
322,696
8,630
9,298
Rio Grande 8o. 3d wk Jan.
80,200
80,000 2,778,778 2,486,361
Rio Or'de West. 3d wk Jan.
698,982
761,302
114,915 106.574
8t. Job. &Gr. I. December.
67.506
56,831
8,145
13,803
St.L.Ken'et&So December.
34,331
28.483
6,5b0
7,162
157.273 1,OOS,247 1,017.91»
159.068
4,565.900
6.705,867
150,835
180,281
115,572 4,302,967 3.553,286
157,047
268,999 184,499 1,475,225 1,290.792
533,222
568.595
69,832
75,458
550,262
620,039
19,339
15,090
444.971 870,069 1,936,086 1,663.421
245,175
455,327
7,765
15.4 35
123,108
83,652
19,269
14.066
119,283
21.O0J
142,323
25,770
31,641
17,920
6,4321
15,605
Bo. Haven <&E.. Septem'er.
75,968
12.239
103,808
15.899
80.M18B.& Ark. December.
So.PaoltlcCo.b. December. 6.167,686 5,341,691 35.992.841 33,499,( 58
Cent. Pacillo.. November. 1,625,067 1,610.288 8.933,966 8,8b7,980
Gal.Har.<fe8.A November.
e05,486 597,793 2,720,683 2,b86,522
671,504
551,818
Louis'a. West. November.
161,299 132,4421
Morgan'8L&T November. 833,422 787,690 3.248.979 3,056,783
143,56i
119.807
29,110
29,795
N.Y.T.&Mex. November
750,646
Tex.AN.Orl.. November. 225,344 154,1^6 1.038.213
So.Pao.ofOal. November. 1,499,443 1,479,421 7.833.859 7,661,034
363,701 340.468 1.5.6,818 1,449,680
So.P'o.ofArlz. November.
801,562
822.528
So.Pac.ofN.M November. 185.076 178.110
Southern Ry.... 3d wk Jan.
686.156 631,355 18.976.6i 8 17,761.476
St. Louis Div. 3d wk Jail.
36,678
85,853 1.147,379 1,101.568
852.089
829.492
Terre H. & Ind. December.
133.488 139,1591
257,068
279,753
42.899
TerreH.&Peor. December.
48.621
235,141
407,7.^8
Texas Central. 2d wkDec.
7,040
14,473
TexasAPaolflo. 3d wkJan.
235.169 177,285 6,301.569 6.037,460
59,818
76,600
10.500
Tex.S.V.A N.W. December.
14,000
46,630 1.443.905 1.279,14»
Tol.&OhloCent.i 3d WkJan.
44.491
620,597
669.955
ToLP. & We«t...' 3d wkJan
18,66
21,901
Tol. St. L. & W. 3d WkJan.
30,389
50,405
Union Pac. RR..
Oreg.RR.& N.
3,112,395 23.461,390 20,999,369
Oreg.Sh.Line I Decem'r. 3,617,732
Wabash
363,660 305,642 10,115.176 9.523,847
3d wk Jan.
W.J'rsey&Sea'e December. 214.374 198.274 2.089.30ti 1,889.906
-54,601
286,536
86,611
W.V.Cen.&Pltt. Septem'er.
95,328
307,474
336,297
66.113
Weatemof Ala.. November.
72,554
Wheel. .StUE. (
63,187 1,706,037 1,471.905
52,301
Olev.C.&Sot 3d wkJan.
Wisconsin Cent. 3d wk Jan.
89,790 3,016.42 2 3.286.846
91.600
73.743
73.999
16,672
Wrlghtsv.&T'n. November.
16.236
Yazoo&Mlss. V. December. 636.045 612,. 01 3.083.808 2.9S7.451
40.081
42.011
York Southern.. November.
7.166
7.910
St. L.
<fe
N. Ark. October...
December.
3d wk Jan.
8a wk Jan.
December.
Dec em ber.
3d WkJan.
November.
3d WkJan.
8U. Sprs. O. <fe G. November.
So. C.A Ga.Ext. December.
3t.L.Van.&T.H
8t.L.&8anFran.
St.L. Southwest
San.Ant.&A.P.
SanFran.&N.P.
S.FePres.&Ph.
8av.Fla.&We8t.
Sher.Shrev.&So
<:
Figures for December are for the raUroaa only.
Mexican currency. & Covers result* of Unee directly operated east of Pittaborg.
Includes CheBaiMJuke & Ohio So'western, Ohio Valley and Chicago and "Texas for both years.
a Inoludefl Paduoab & Memphis Division from July 1 in both years.
t> Does not Include the Austin
& Northwestern, the San Antronlo A Aransas Pass or Houston & Texas Central system.
« ReMults en Montsromerv Division are included in both years.
d Includes St. Paul & Duluth from July 1. 1900.
e Anthracite ooal miners strike this year.
1
t
Dat»
Current
9
LonglBlandRR. Septem'er.
Lob Ang. Term. December,
Lou.H.&St.L.. ithwk Dec
IjOalB.
19,980
4,422
4.022
21,0^8
19.293
3,9^4
5,046
19,494
278,102
67,225
296,960
56,728
3.203,202
87,210
87,105
2,63.^,386
376,246
66,626
71,676
439.304
94,993
85,314 2,897.866 3,004.161
448.0"0 504.000 17.646,042 18.038,674
149,336 124,324 4,067,024 3.513 319
303.889
58,895
65,954
323.560
1,380,266 1,396,723 6.5ci7,933 6,936,44
1,625,057 1,610,288 8,933,965 8,867.920
2.154
8,625
2,234
8,475
263,H20
61,059
47,228
214,027
57,171
1,958
1,740
51,790
278.733 252,981 8.776,075 7,691,576
766,488 711,241 4,738,690 3,967,665
4.110,375 3.772,933 26,465,417 25.511,678
132,231
123,976 3,230,614 3,032,390
121,490 117,426 8,936,077 3,832,303
70,237
75,367 2.313,945 2,3c5.443
793,973 760,304 24.560,4<i8 24,741,626
3,293.035 3,291,888 22,472,487 22,937,726
132,161
Mo
Jnly
Bamingi.
I
13,399
43,195
86,689
. .
Chattan'gaSo.. 3d wkJan.
Ches. AOlilo.... 3d wk Jan.
GhlcPeo.&St.L.
S
B0A08.
0.—
29,000
18,000
16,0o0
28,367
5,235
16,647
Latest Gross
Latest Date
483,966
iBtwk Jan.
46l,.->57
471,181
Istwk Jan.
391,903
971,554
3d wk Jan.
»73,.j72
November.
26,679
32.218
61.230
November.
59.992
December. 4,75b,t)29 4,142.i!66 26,946,616 23,813,482
969,177
October
278,886 255,396
830,485
244.592
39.517
Dttcember
35,025
220.224
309.088
November.
66,141
66,862
294.001
109.389
December.
18,985
14.339
84,937
November.
26 910
110,331
18,381
78,669
November.
8,0!i4
7,2 17
12,505
November.
11,435
68,658
7l'.882
December. 3.982.588 3,556,761 23.462,938 21,17i).162
November. 113,656 103,580
596.089
527,135
November.
23.962
5,997
21,976
4,978
Bellefonte Cen. Deceiuber.
BrldgtonA
1 to
Previous
$
dovember
Ala. Gt. South.. 3d wkJan.
Adirondack
Jnly
)
.
)
.
.
THE CHRONICLE.
238
Totals for Fiscal Year.
3d week of January.
In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
still have their own fiscal years.
These with their dates are
brought together in the following.
Latest Oross Earnings.
BOADS.
Period.
Atlanta & Charlotte Air Line. Apr.
Burlington Cedar Rap. & No Jan.
New Jersey
Central of
Jan.
Chicago & North-Wcstern.... June
Chicago Rock Island & Pac. Apr.
Chic. St. P. Minn. <fe Omaha.. Jan.
Choctaw Oklaiioiua &l Gulf.. Nov.
Cumberland Valley
Jan,
Duluth South 8ho. & Atlantic Jan.
East St Louis & Carondelet. Jan.
Ft. Worth & Denver City
Jan.
Olla Valley Globe & North'n. Jan.
International & Gt. North'n.
Lehigh Valley RR
Lehigh Valley Coal
Lehigh & Wilkesbarre Coal..
Jan.
Dec.
Dec.
Jan.
Manlstique
Jan.
Mexican Central
Jan.
Mexican International
Jan.
Mexican National
Jan.
Mexican Railway
Jan.
Mexican Southern.
Apr.
Missouri Pacific
Jan.
Central Branch
Jan.
Monterey & Mexican Gulf.... Jan.
Northern Central
Jan,
Ohio River
Jan.
Pacific Mail
May
Pennsylvania
Jan.
Pennsylvania & Northwes'n. Jan.
Pere Marquette
Jan.
Philadelphia & Erie
Jan.
Phila Wllm'g'n & Baltimore. Nov.
Pitts. Clncin. Chic. & St. L... Jan.
Pitts. Bessemer & Lake Erie. Jan.
You'gh'y... Jan.
Pitts. Charters
Bio Grande J unction
Dec.
&
Vandalia & Terre H.... Nov.
South Haven & Eastern
Jan.
St. L.
South. Mis.souri & Arkansas.. Jan.
Terre Haute <fe Indianapolis.. Nov.
Terre Haute & Jreoria...
Nov.
Texas * Pacific
West Jersey
<te
Seashore.
Jan.
Jan.
Current
Previous
Tear.
Tear.
$
to
to
to
to
to
to
to
to
to
Oct. 31
Jan. 21
Nov. SO
Dec. 31
Nov. 30
Dec. 31
Dec. 31
Nov. 30
Jan. 21
to Dec. 31
to
to
to
to
to
Nov. 30
31
21
31
31
to Oct. 31
to Dec. 31
to Jan. 21
to Oct. 31
to Jan. 21
to Jan. 12
to Jan. 14
to Jan. 21
to Jan. 21
to Dec. 31
to Dec. 31
to .Tan. 21
to
to
to
to
to
to
to
to
to
to
to
to
to
TO
to
to
to
Dec.
Jan.
Dec.
Dec.
Nov. 30
Dec. 31
Nov. 80
Jan. 21
Nov. SO
Dec. 31
Dec. 31
Jan. 21
Oct. 31
Nov. 30
Dec. 31
Sept.
SO
Dec. 31
Dec. 31
Dec. 31
Jan. 21
Dec. 31
[Vol. LX2II.
1,472,515 1,329,669
287,280
242,900
13,927.525 3,707,905
26.160,659 2tJ,.'S73,027
17,6e9.802 16,050,200
10,342,C01 10,488,816
782,762
326,620
941,466
859,160
98,542
108,149
160,748
145.644
1,624,955 1,460,418
384.441
396393
264,047
247,539
2,206,440 2,087,394
2,025,286 1 826,067
7,623,768 7.105,657
102,728
83,249
962,609
996,239
4,410,475 3,80i.419
394,500
396,271
161, IOC
162,700
640,605
587,026
1,703,000 1,444,000
63,000
58,000
1,389,854 1, '^65,380
7,845,448 7.233,448
75,357
74,215
1,964,360 2.226,015
65,575,912 72.922,712
637,633
613,889
421,925
385,931
5.308,351 4,902,763
1,961,062 1,911,162
18,99=1,728 18,104,423
90,317
67,801
165,089
154.009
5'i8,679
439,341
3M,688
316,207
52,160
33,898
184,846
130,666
275.247
266,172
95,671
80,203
635,910
477,302
3,460,468 3,114,158
'
Toledo & Ohio Central...
Toledo Peoria & West'n.
& West
Tol. St. L.
tVabash
If heeling & I^ake Erie.
Olevel'd Canton & 80 s
Wisconsin Central
.
Total (63 roads)
Net increase (8 30
1901.
1900.
44,491
21,901
50,405
353,660
52,301
91.600
46,630
18.652
30,389
30>,642
53.187
9,236,753
8.529,095
Increase.
1,189
3,249
20.016
48,018
886
89,790
•
1,710
849,378
707,653
p.o.:..
same week
last year.
of January.
3rf weeic
1901.
19 OO.
Increase.
S
Alabama Gt. Sonthern..
43214
Ann Arbor
BoSalo Rooh.
di Flttab'fiT.
Burl. Ced. Rap.
& North.
Oanadian Paolflo
Central of Georgia
Ohattanooga Southern. .
OhesanoakeA Ohio
OMoago &
East. Illinois.
Ohio. Great Western
Ohio.Indlan'lls & Loulsv
Ohloago Milw. &, St. PatL'
Ohio. Term. Transfer ..
Oin. N. O. & TexaB Pac.
Olev. Cin. Chic. & St. L..
Peoria
& EaBtem
Oley. Lorain & Wheel'g..
Ool. Sandusky & Hook'g
Denver & Rio Grande...
Dolnth So. Shore & Atl.
A Indianapolis.
& Terre Haute.
Ft. Worth & Rio Grande
Bvanev.
Evanev.
Grand Triink
)
Grand Trunk Western >
Det. Gr.Hav. & Milw.
Hooking Valley
Intem'l & Qt. Northern..
Iowa Central
Kanawna & Mlohlgan...
Kan. City Ft. 8. & Mem..
Kan. City Mem. & Blrm
Lonlevllle & NashvUle ..
Mexican Central. ........
Mexican National
Hlnneapolls & St. Lools
Minn. St. P. & S. Ste. M.
Mo. Kansas di Texas....
Mo. Paolfic & IronMt...
Central Branch
.
Mob. Jackson <& K. Olty
orfolk & Western
Worthem Paciflc. .......
Ohio River
Pere Marquette
,
.,
Plttsb. Bess, & L. Erie..
Pittsburg & Western.....
Bio Grande Southern....
Rio Grande Western
Louis & San Fran....
Lools Southwestern
ganta Fe Pros. & Phoenix.
Sherman Shreve. & So...
Southern Railway .......
St. Louis Div
St.
Bt.
Xexas&
Paoiiio...
S
43.195
36,410
87,105
85.314
504,000
124.324
19
"8".043
28,367
87,210
94.993
448,000
149,335
1,958
278.733
132,231
121,490
70.237
793,973
26,980
88.628
314,26S
48,866
84,888
18,469
186,300
35,074
4,976
26,299
14,580
l,74C
218
252.981
123,975
117,426
76.367
750,304
24.000
90.914
289,1546,439
42.575
19,239
179,200
38,936
5,751
25,365
8,109
25.752
8,256
4,064
502,658
533,017
94,798
94,094
50.870
16,917
121,921
93,695
89,3
41.626
I4,2l7
92,52^
33,208
560,830
314.453
140,269
48,066
80,259
45,t.72
577.125
329,473
141,21fe
59,220
71.44t
329,916
610,000
22,000
2,^51
303,037
527.709
25,064
145,348
27,282
59,853
9,29S
80,200
180,281
157,047
15,090
15.435
686,156
36,678
235,169
Decrease.
W
227,29fc'
621,000
20.000
105
9,679
56,000
25',6Yl
"S'.iso
43,669
2,980
"2',286
25,115
2,427
7,687
770
7,100
'3,862
775
934
6,471
80,469
1,103
4,739
9.244
2700
29,393
12,464
16,295
15,020
949
For the second week of January our final statement covers
and shows 8 86 per cent increase in the aggregate
over the
same week
2d wee*
0/
last year.
January.
1901.
Prerionsly rep'd<64 r'ds)
rnterooeanio (Mex.)
Mexican Railway
fexloan Southern
Texas Central
Total (68 roads)
ifetlncrease 18 86
Increate.
1900.
9,038.838
82,100
86,400
16,700
14,473
8,304.203
74.770
14,654
7,040
2.046
7,433
9,238,511
8,466,567
~898,810
881,501
7,330
85,91
8,813
162,618
89,000
2,000
1,964
587
£0.016
83,884
750
10,449
8,209
2,662
668
200
29,446
41,476
"7,670
54,801
826
57,884
Decrease.
146,866
."vOO
146,866
751,944
p. 0.)...
Net Earnings Montlily to Latest Dates.— The table following shows the gross
reported this week.
and net earnings
of
Steam
railroads
A full detailed
statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of January 26,
1901.
The next will appear in the issue of Feb. 23, 1901.
—Oross Earnings.
Net Mamings.
—
Current
Fear.
Roads,
Previous
Year.
.
.
Current
Year.
$
$
Alabama Gt. So'tb.aDec.
195,643
70,823
July 1 to Dec. 31
340,205
1,102,166
AtOh. T & 8. Pe..b Dec.
4.142,266 f2,0g0,905
.July Ito Dec. 31. ...^6,946,616 23,813,482 tli011273
Bufl. R. APittbs.b.Dec.
439,911
166,943
350,867
July 1 to Dec. 31
2,935,537 2,278,072 1,215,910
Canadian Pacitio.a.Dec. 2,988,911. 2,970,219 1.438,366
July 1 to Deo. 31... 16,285,042 16,541,674 6,579,6a7
Cent, of Georgia. a. Dec.
222,635
634,777
563,296
July 1 to Dec. 31
3,654,419 3,167,407 1,280,651
"hpsap. & Ohio. a. .Dec. 1,327.130 1,290,151
501,432
July 1 to Dec. 31.... 7,956,965 6,868,297 3,091.9u3
Chicago & Alton. a. Dec.
766,488
711,241
800,433
July 1 to Dec. 3l._.. 4,738,590 3,967,665 1,650,313
Ohio. Burl. & Quin.bDec. 4,110,375 3,772,933 1,472,305
July 1 to Dec. 31.... 26,465,417 25,511,678 10,289,088
Gttio. M. & St. Pa. .Dec.
3,782,933 .'',595,398 1,484,921
July 1 to Dec. 31.... 22,393,255 22,586,348 8,415,510
412,369
100,215
OlD. N. O. & T. P.a.Dec.
436,287
July 1 to Dec. 31 ... 2,467,552 2.605,274
654,480
Olev.Lor. & Wheel.aDec.
141,217
163,280
39,234
July 1 to Dec. 31.... 1,019,246 1,003,112
276,003
Denver & Southw.bNov.
212,528
219,161
100,530
Jan. 1 to Nov. 30 .. 2,271,392 1,961.205
995,577
Glila Val.Globe& No. Dec.
35,698
30,798
20,019
884,441
896,393
215,991
Jan. 1 to Dec. 31
Hooking Valley. a,. Dec.
398,883
367.465
160.395
July 1 to Deo. 31.... 2,433,786 2,143,040 1.015,444
Honst. & Tex. Oent.Dec.
529,041
378.327
266,897
July 1 to Dec. 31..., 2,799.571 2,293,275 1,396,862
114.056
Indiana 111. & la. b. Dec.
94,935
40,713
624,648
532,893
July 1 to Dec. 31...,
326,300
Kanawha & Mloh.a Dec.
76.496
13.754
55,636
458,131
362,774
85,237
July 1 to Dee. 31...
444.504
Lehigh Val. RR.a..Dec. 2,206,440 2,037,394
Lehigh V.Coal Co.a.Dec. 2,025,286 1,826,067 def.37,044
969,914
Lonisv. & Nashv.b.Dec. 2,601,642 2,365.997
July Ito Dec. 31.... 14,335,415 14,127,419 5,195,267
21,372
40,087
35,658
Minn. Gen. Elec Co.Dec.
327,270
284,034
166,755
Jan- Ito Dec. 31
273,463
222,744
109,686
Minn. & St. Louis. a. Dec.
719,752
1,655,267 1,547,411
July 1 to Dec. 31
411,910
M. y. Ont. & West.aDec.
450,840
142,873
805,229
July 1 to Dec. 31.... 2.551.082 2,678,414
601,458
Norfolk <St West'n.a.Dec. 1,365,929 1.137,772
8,010,983 6,936,395 3,308,248
July 1 to Dec. 31
756,840
664,740
270,498
Horrhem Central. b Dec.
7,845,448 7,233,448 2,348,137
Jan. 1 to Dec. 31
$
204,008
1,097,866
4,756,629
Previous
Tear.
$
71,877
373,928
tl,815,070
t9,411,300
130,298
880,036
1,375,982
7,207,912
177,107
1,101,777
602.105
2,418,741
501,060
1,645,859
1,538,295
10,577,378
1,422,470
8,168,052
101,411
805,247
29,142
245,197
106,733
943,267
18,847
267,362
147,037
881,267
137,393
856,623
33,512
158,395
12,461
74,074
407.958
16,209
825,177
4,923,289
19,460
151,453
89,629
671,001
150.073
913,435
505,884
2,786,704
179,498
1.950,737
Pennsylvania-
11,156
273,021
443,825
25,814
134,899
35,491
62,515
8.630
80,000
150.835
115,572
19.339
7,765
631,365
35,853
177.285
141,720
68 roads,
.
Latest Gross Earnings by Weeks.- In tbe table which
follows we sum up separately the earnings for the latent
week. The table covers the third week of January and
shows 8-30 per cent increase in the aggregate over the
Decrease.
Lines directly operated
East of Pitts.A E.Dec. 7,816,904 6,617.704 2,921,697 2.087,197
Jan. 1 to Dec. 31... 85,575,912 72,922,712 29,302,562 22,144,462
Deo.
Deo. 260 700
WestofPltts.&E.Dec.
28,500
Inc.3,084,800
Inc.
349,400
Jan. 1 to Dec. 31...
230.662
Peorl»&Ea8t'n.a...Dec.
203,019
99,539
78,897
394.327
360.033
July 1 to Dec. 31... 1,205,695 1,158,< 67
.Dec.
718,490
627,732
169,992
140,737
Pere tviiirquetT.e.a
Jan. 1 to Dec. 31... 8,273,852 7,368.794 1,965.424 1,700,973
316,250
262,250
996,603
927,203
Phil.WUm. & Balt.bDec.
Jan. 1 to Dec. 31... 11,374,049 10,638,449 3,782.021 3,503,821
565,659
1,704,292 1,714,556
358,396
Pitts. 0. C.& St.L.a Dec.
Jan- 1 to Dec. 31... 18,995,728 18,104,423 4,929,193 5,043.189
Reading Company—
4,249
909.719
fblla.&Reart'g.b.Deo. 2,552,424 2,365,428
July Ito Dec. 31. ...13,976,601 13,741,777 4,746.000
409,411
Coal* Iron Co. b. Dec. 3,096,053 2,568,970
985.697
July 1 to Dec. 31. ...13,922,397 16,656,933
Total both Co. 's.b Deo. 5,648,477 4,934.398 1.319,130
July 1 to Deo. 31....27,898,998 30,398,710 6,731,697
899,960
6,375,170
252,436
1,515,132
1,162,396
6,890,802
—
February
—
)...
.
— Oross Earnings. —
Current
Year,
Previous
Tear.
Year.
Year.
23,085
July 1 to Dec. 31...
138,929
Total allComp'e.bDec.
1,342.215
July 1 to Dec. 31....
5,870,626
Bio Orande Sontb . b Deo.
25,220
48,065
46,751
139,434
295,574
276,576
July 1 to Dec. 31...
Bio Grande West. b. Dec.
355,351
113,698
366,062
794,630
July 1 to Dee. 31.... 2,549,978 2,261,352
676,327
402,543
8t. L.onlB & San Fr. b. Dec.
910,922
July 1 to Dec. 31 ... 5,198,417 4,154,455 2,408.115
184,499
96,833
Ban Ant.&Aran.P.bDec.
268,999
561,574
July 1 to Dec. 81..
1,475,225 1,290,792
Bonthem Paoltlo.b Dec. 6,167,686 5.341,694 2.359.704
July 1 to Dec. 31..., 35.992,841 33,499,058 13,880,232
991,832
Bonthem Rallw'y.aDec. 2,948,185 2,749,446
July 1 to Dec. 31.... 17,082,759 16.042,824 5,672,756
Xoledo <b O. Cem.a.Dec.
49,586
207,811
203,672
July 1 to Dec. 31.-.. 1,306.065 1,144,607
341,655
DnloD Pac.Bys a... Dec. 3,617.732 3,112,395 1,663,375
July 1 to Dec. 31
23,461,390 20,989.369 10,715,954
Wabash. b
388,394
Dec. 1,536,238 1.430,459
July 1 to Dec. 31
9,103,815 8,649,096 2.666,885
W. Jersey & SefciBn.b Dec.
19.311
198,274
214,374
Jan. 1 to Dec. 31
8,490,358 3,114,158 m934,416
Wisconsin Central bDeo.
142,348
395,938
412.292
July 1 to Deo. 31
2,744,422 3,037.357 1,008,825
.
.
15.752
120,028
1,168,148
7,010,330
22,157
138,159
144,292
955.206
279,077
1,802,634
41.190
460,385
1,707,566
12,942,57 9
915,815
5.434, 4ii0
71.517
378,593
1,328,527
9,871,9tO
388,856
2,481,919
9,211
872,416
132.908
1,262,937
t For December, 1900, taxes and rentals amounted to $187,386,
against $191,2t>l, after deducting which net for December, 1900, was
$1,893,569, aealnst $1,623,779. From July 1 to December 31, 1900,
taxes and rentals were .$1,004,200, against $97^,482 in 1899, after
deducting which the surplus was $10,007,073 this year, against
$8,438,818 in 1899.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the surplus
above or deficit below those charges.
Ourrent
Year.
Boads.
ete.—s r-Bal. of IfetBam's.Current Previous
Previous
Int., rentals,
Tear.
Tear.
Tear.
$
$
$
$
825,000
815.818
647,305
722,477
4.950,000 4,894,910 5,339,088 5,682,468
28,116
22,500
11,118
6,642
168,700
135.000
107,303
110,107
*362,114
•174,113
127.153
110,566
*864,523
489,090
•571,403
447,505
20,023
18,646
20,690
14,866
*3,657
•4,677
10.664
8,351
•24,659
63,978
•25,181
52,290
185,871
190,488
415,587
314,896
1,116,563 1,143,248 2,192,685 1,643,456
33,750
36,250
65,789
42.647
202,500
217,500
191,827
142.533
112,799
98,653
57,193
42.084
1,325,611 1,289,420
639,813
411,553
96,302
607,233
262,094 def.41,574
8,521,501 8,674,763 1,407,692 1,868,426
BeadingAll companies.. Dec.
787,000
July 1 to Dec. bl.... 4,722,000
Bio Orande Booth ..Dec.
17,783
July 1 to Dec. 31....
107.775
Toleao & Ohio c;»,n ..Deo.
35.058
July 1 to Dec. 31....
205,861
.
Wisconsin Central..Dec.
July 1 to Dee. 31....
134.044
808,932
762,545
4,575,272
17,783
107,683
39.991
206,445
128,240
778,775
665,215
405,603
1,148,626
7,437
31,659
*14,806
•136,788
•10,244
*208,497
2,435,058
4,374
30,476
'28,353
•181,332
•6,973
•494,339
After allowing for other Income received.
—We
Northern Pacific.
give below the gross and net
earnings, etc., of the Northern Pacific for December and
the six months to December 31.
December.
July 1 to Dec. 31.
J
Gross earnings
Operating expenses
—
,
•1900.
1899.
2,510.492
1,163,875
•1900.
1.376,617 1,182,797 9,072,502
Taxes,rental8,bet'm'ts,&o. 245,389
174.220 1,456,189
9,363,691
1,592,461
Net oper.iting income. 1,131,228
MlsoellaLeous Income, not
Including land sales
110,483
Net income—
Main systt^m
1,241,711
Proprietary lines
25,344
Total
•The operations
1.267.065
of the St. Paul
1,008,577
7,616,313
7,771,230
103,747
433,739
298,242
1,112,324
19.351
8,050,052
171,113
8,069,472
167.S45
1,131,675
8,221,165
3.237,317
& Duluth are included in 1900.
Current
Our'nt Prev'us
Year.
December
9,619
\
Tear.
Tear.
December. §53,-544 51,571
November. 50.086 49,287
December. 16,63J 15,07S
December. 978,026 966,823
.
A
7,151
& Cov
Previous
Year.
489.419'
611 960
182,742
166,489
140,684
84,366
718,357 652,364
28,698
40,712
2,057,016 1.504,988
121,886
141,112
822,445
November. 63,007 60.085^
3.346
3,737
City Elec. (Rome.Oa.) December.
December. 185,455 163.971
Cleveland Electric
8,054
9,925
December.
Cleve. Palnsv. <k E.
Oolnmbus (O.) Ry.... October... 85,fc77 76,216
Consol. Trao. (Pitts.) December. 249,445 226,407
l66,90"&
l63,.527
7.824
6,988
Dart.<feWport8t.Ry. December.
December. 114,5621 109.797 1,308,289 1,230,162
Denver City Tram..
53,f39
1,626
8,35f
Det, Rooh. Ro.&L.O. October
3d wk Jan. 43,891 41,683 131,170, 123,939
Detroit United
Duluth-Sup. Tract.
December. 36,839 35,431
Duluth Bt. Ry
5
157,445
147,511
August....
Galveston City
343,456 312,948
Harrisburg Traction. December.' 28,740 26,257
Herkimer Mohawkll46,212
53,005
4,773
lon&F'kfortEl.Ry. December.! 4,849
Intemat'l Traction—
December. 246.774 223,333 2,697.371 2.449.48B
(BufTalo)
Johnstown Pass. Ry. November. 15,524 13,070 168.777 136,958
66.647
68.033
4,812
4,817
December.
Kingston City Ry
9.56t<
111,853 106,516
December. 10,143
Lehigh Traction
8.461
London Bt. Ry. (Can.) December. 11,043
Oln.
Newp.
.
.
.
. .
[
Lorain
8t.
Railway.. Beptem'er.
8,542
7,829
73,607
72,142
86.282
89 886
6.378
6 618
November.
November. 401.709 379,433 4,946,860 4,541,021
1,572,548 1,427,513
December. 137,655
December. 147,978 137',682
61,993
69.175
6,6S9
6,518
December.
Muscatine Bt. Ry
89,030
97,361
6,450
6,799
December.
NewburgSt. Ry
New Castle Traction. December. 8,69fa 9,375 181.892 133.073
56,189
61,686
8,201
New London 8t. Ry.. December. 4,031
424,180 379,C0e
Norfolk Ry. & Light. November :29,904 30.104
Northern Ohio Tract. December. 38,395 32.959 42o.8S'7 362,702
22,134
21,859
1,409
1,426
Ogdensburg St. Ry.. December.
47,109
61.880
4,069
4,428
December.
Olean Bt. Ry
&
Cleveland..
Mass. Eleo. Co.'s
(Elev.)Chloago
Metro.
Montreal Street Ry..
Omaha & Coun. Blufl
December. 17,944 17,812 236,703 214,188Ry. A Bridge
Philadelphia Comp'y December. 276.301.220,025,2,482,881 1,867,591
128.983
142,4 66
Pottav'e union Trao. December.
Railways Co. General December. 16,330
Richmond Traction.. December. 16,803 15,273
Sacramento Electric
December. 32,826 31,469
Gas <fe Ry
Boranton Rallwav'-. December, 139,380 154,818
Seattle Electric Co... November, 99,371 89,353
Southern Ohio Tract. December. 24.744 19,576
Btaten Island Elec- .. November, 13,3421 13,406
Terre Haute Eleo.Co. November, 21.22^ 15,172
Toronto Ry
November. 128,.549 102502
Twin City Rap. Tran. November. 239,714 210,977
Union (N. Bedford)
December. 20,546 19,010
United P. & Transp.. December. §7nc. 8, 180
United Traction— )
Albany City J December. ,115.759 109,899
United Tract. (Pitts.) December, 167 072 151,608
United Tract. (Pro v.) December, 202,133 176,115
Wllm.<feN.CastleEleo. December.
Worcester & Marl'b'b December.
5,114
6,279
.
;
I
205.732
174,325
373,625
640,643
330,404
530,957
294,907
196,467
240.3*17
190,861
1,357,200 i.i'gi'.ies
2,582.536 2,286,164
228,352
262.026
i/ne.
214 082
1,331,458 1,268,041
1,900,403 1.688 691
2,360.756 2,020,560
64.902
69,435
67.129
• Figures from May 1 cover Boranton Railway, Scranton & Plttston,
Boranton A Oarbondale and Carbondale Railway.
for November due to loss by fire of power station and
t Decrease
all of company's cars.
These are results for properties owned.
t Strike in December, 1900; road completely tied up for several days
nearly
\
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 aU the roads furnishing returns, and the latest statement of this kind will be foimd
The next will
In the Chronicle of January 26, 1901.
appear in the issue of February 23. 1901.
—
— Oross Earning*.
1899,
2,200,817 17,313.302 16.599,164
1,018,020 8,240,800 7,235,473
Ket earnings
WeeKorMO
Power.
Blnghamton 8t. Ry..
Br'klynRap.Tr. Co...
Chicago & Mil. Elec.
Lioraln
a Net earnluKB here given are after deduotlng taxes.
b Net earnings here given are before deducting taxes.
nr..]. ...!#..
American R'ys. Co.
Atlanta Ry.
Jan. 1 toLattst Date.
Latest Oross Earnings.
Obosb
Eabnimob.
BeadlDK CompanyBeading co.b
Dec.
•
239
STREET RAILWAYS AND TRACTION COMPANIES.
Net Mamings.
Current Previous
Road$.
Ohio. Bnrl.A Qulnoj Deo.
July 1 to Deo. 31....
Olev.Lor'n & Wheel. Deo.
July 1 to Dec. 31...,
Hooking Valley... ..Dec.
July 1 to Dec. 31...,
Ind. 111. &Iowa... ..Dec.
Kanawha & Mich. ..Dec.
July 1 to Dec. 31...,
Norfolk & West... .Deo.
July 1 to Dec. 31....
Peoria & Eastern.. .Dec.
July 1 to Dec. 81....
Pere Marquette. .Dec.
Jan. 1 to Dec. 31....
Pitts. C. U. & 8t. L Dec.
Jan- 1 to Dec. 31....
,
THE CHRONICLE.
2, 1901.]
.
.
!
Current
Year.
S
Boads.
Internat'lTr. (Buff.)Dec.
246,774
Oct 1 to Dec. 31
714,860
July lio Dec. 31
1,476,058
Sewburg Electric Dec.
6,799
Jan. 1 to Dec. 31..-.
97,361
July 1 to Deo. 31
56,553
Pottsville Un. Trac
Jan. 1 to Deo. 31
142.466
Sacramento Electric Gas
& Railway Co ... Dec.
32.826
Jan. 1 to Dec. 31
373.625
Feb. 1 to Dec. 31....
344.864
WUm. & N. Cist'e Elec
Jan. 1 to Dec. 31
54,902
—
.
Previous
—
Net Eamtngs.—^
Current Previous
Year.
S
Year.
9
Year.
9
101,469
223,333
629,772
1,324.143
6,450
89.030
52.647
109,7?2
332,816
745,2t8
2,497
44,374
28,375
128,983
64,979
67,917
17,307
38
ls6,803
160,357
31.469
330,404
305,059
201.:-
2f-0.926
659,068
2,431
3>^,118
26,991
18.040
172,t^85
—
27.733
STREET RAILWAYS AND TRACTION COMPANIES.
Interest Charges and Surplus.— The following Strekt
The following table shows the gross earnings for the latest
railways, in addition to their gross and net earnings given in
period of all street railways from which we are able to obthe foregoing, also report charges for interest, &c., with the
tain weekly or monthly returns. The arrangement of the
surplus or deficit above or below those charges.
table is the same as that for the steam roads— that is, the
^Bal.of Net Barn*S:'^
Int. .rentals, etc.
Preti4>%U
Current
Current Previous
first two columns of figures give the gross earnings for the
Year.
Year.
Year.
Tear.
i
latest week or month, and the last two columns the earnings
»
Roads.
S
$
for the calendar year from January 1 to and including such Sacramento Eleotrlo Gas
'5,845
8 3/0
9,195
& Railway Co... Dec.
8,927
latest week or month.
59,246
88,511
101,112
Feb. 1 to Dec. 31....
98.2fc9
—
^
J
J
;
THE CHRONICLE.
240
[Vol. LXXII.
ANNUAL REPORTS.
"Fortunately the volume of business for the last six
months gradually increased, and we have been alile to work
Index The index to reports published during the last off this overstock, and we enter the new year with all old
half of 1900 can be found by referring to the general index stocks cleared away and our order books well filled with
in Chronicle of Dec. 29, where all references to annual business at very satisfactory prices. The outlook for the
coming year is certainly favorable, and as prices are now
reports are designated by heavy type.
upon a normal level we have no reason to fear a rf petition
ot last year's experiences.
We are now producing nearly all
Delaware & Hudson Company.
of our own requirements in pig iron and billets, and so are
Preliminary statement for the year ending Dec. 31, 1900.
no longer subject to fluctuations in the prices of our raw
materials.
The preliminary report for the year ended Dec. 31 shows:
''Our net profits for the year ending Dec. 31, 1900, were
1897.
1898.
1900,
1899.
at
02
$7,002,129, after marking off for depreciation .|;1,0' 0,(00 and
7,709,441 expending large sums in maintenance and improvements,
•Reoelpte from coal.. 7,351,113
7,207,345
7,617,840
9,9o7,357 10,061,167
Receipts from KRs.. 11,485,188 11,011,126
589,442 and marking down all ioventories as required by the market
Mieoellaneous
t07,189
561,432
452,288
price of Dec. 31, 1900.
While this amount is considerably
—
i''
<z>
ffi
Operating expenses. 13,258,470
19,081,254
13,210,833
17,721,892
12,927,596
18,360,051
13,293,288
Net earnings
6,129,264
Interest and rentals. 2,941,872
5,870,421
2,879,575
4,794,297
2,923.478
5,066,762
2,925,341
Balance
Dividends
2,990,846
1,750,000
1.870,819
1,750,000
2,141,121
1,750,000
Total gro8B
19,397,734
3,187,392
1,750,000
S91,421
120,819
1,240,846
capital stock In 1900 equaled 9 16 per
•cent, against 8 54 per cent in 1899.— V. 73, p. 86, 44.
Surplus
1,437,592
The earnings on the
Chicago City Railway.
&
('Report for year ending Dec. 31, 1900.
The number
of passengers carried
,
Ry.—
Cable lines
Horse lines
Electric lines
Amines
110,843,208
103,253,300
are:
Miles Rurt.
1900.
1899.
13,425,020 11,741,840
PaasenQi'Ts Carried.
1899.
1898.
1900.
38,428,405 38,483,628
43,228,849
«129,346
477,313
443,373
64,185.649 57.032.173
67,170,980
,
Chicago Oity
and miles ruo
,
,
lU4,J<60
16,702,3*^0
29,232,360
95.992,114
lees than our earnings for the year endmg Dec. 31, 1899, we
are inclined to believe that when the changed conditions of
the market are taken into consideration, our stockholders
will feel well satisfied with the results shown.
"As the company is now the owner of iron ore mines on
Lake Superior, it was deemed necessary by the board of directors that we also become independent of possible freight
combinations in transporting ore to our furaaces, and, looking to this end, the directors have negotiated for the purchase from the American Steamship Co. of twelve large steel
boats of a capacity sufficient to carry practically all of the
ore used by this company. This purchase was maile by the
guarauty oq the part of the American Steel
Wire Co. of
20-year 5 per cent sinking fund bonds to the amount of
$5,63!),000 (this being the entire purchase price), secured by
a mortgage on the boats purchased. Based upon the average
lake freight rates for the past ten years, we predict that this
IH
470
14,517,690
twelve steamers will earn annually at least sufficient
pay the interest upon the bonds and provide for a sinking
fund sufficient to retire all of these bonds before maturity,
flset of
to
26.371,1.00
The following
table shows the earnings, expenses, etc., for
each of the last four years:
1899.
1900,
1898.
1897.
$5,543,180 $5,194,439 $4,832,806 $4,816,516
Gross earnings
3,325,677
2,926,490
2,908,982
Op. expenses & taxes 3,6,'i5,002
(65-94)
(6402)
(6055)
(60 84)
P. cop. ex. to earn..
&
thus leaving the American Steel
Wire Co. the owner of
the entire fleet, free from encumbrance, and without the in-
vestment of one dollar.
"Since the organization of the company there has been
expended in the purchase of new property and in construction of new works the sum of $13,440,716."
$1,883,178 $1,868,762 $1,906,316 $1,907,534
Net earnings
The results for the year ended Dec. 31 compares with the
Interest
207,677
207,877
207,877
207,877
1,449,997
Dividends (12 p. o,).. 1,575,000
1,440,000
1,440,000 year previous as follows
'8'9.
:
Balance for year.
—V.
$105,301
$258,439
$210,888
$259,657
72, p. 136.
$7,002,129
Balance for dividend
Dividend ot 7 oer cent on preferred stock.. 2,80t>.000
x
Dividend on common stock
Lafee Street Elevated Railroad.
(Report for year ending Dec, 31, 1900. J
At the annual meeting on Jan. 9 Mr. Chas. T. Yerkessaid:
We are about out of our troubles. Tbe reorganization wbich was
attempted was not, until now, suooessful because of the fact that one
large bondho'der [Mr. Zelgler] would not come Into the plan. We
have been ttghtlng
this matter for three years, and are at last out of
danger, since ihe bonds held, 610, by this bondholder are now in.
Further, we fouDd that giving 60 per cent of debentures was too large
a proportion; for the money necessary to be spent in the maintenance of the property caused a large floating debt, o wln^ to the inability of the road tomeet Interest requirements and these improvements
out of earnings. We are now able to fund this floating debt through
plans in hand.
I estimate we shall save about $30,000 this year in the cost of power.
We have an arrangement with the C ioero & Harlem which certain Improvements were to be borne prorata. The-e improvements have been
made to the power-houses, and whtreaii our electric current cost us
last year 219 cents per hilowalt, the Northwestern L power cost 75-100
of 1 cent. But this year we expect to get power for 1 cent. Anoiher
part of our agreement in securing electric current was to pay 10 p. o.
above the cost of production. We have reduced this charge to 6 p. c.
These arrangements, together with the release of the stock, will
put us in a position to be ready for any proposition which the syndicate of L roads may make- a position which we have not heretofore
oooupied.
Earnings, expenses and charges have been as follows
19(0.
18
18^8.
33,846
9.
:
1897.
Daily aver, traffic
Gross earnings
Operating expenses
40,C48
$757,955
378,661
$697,513 $633,403
331,553
324,947
Net revenue
Taxes
$379,294
$13,650
224,070
37,757
99,065
$36^,960 $308,456 $250,817
$13,849
$13,743
$18,612
223,655
221.677
227,605
37,745
29,874
37,667
87,177
61,954
15,707
$374,542
$362,320
Intereftt
on bonds
Miecellaneous Interest.
Loop and other rentals
Total
Deficit for year
37,2fc6
8ur.$4,752 8ur.$3,640
$335,147
$26,691
30,766
$5'9,961
32,^124
$291,798
"$40,961
Balance
$4,202,129
"Extraordinary" expenses in 1897, $31;880, making
deficit
for
$13,36v,530
l,-,i00,000
$12.162 530
2,8<»0,000
*3,500,000
$5,862,530
($3,500,OCO) paid on the common stock from the profits
was distributed 1% per cent quarterly, April i, 1900, to Jan.
X The 7%
of 1899
1, 1901, both inclusive, having been declared on Feb. I, 1900. Action
on a further dividend was deferred this week until the March meeting of the board, as stated on a subsequent page.
The profit and loss account for the year 1900 is as below:
$10,062,530
Balance Deo. 31.1899
Add profit for year ended Dec. 81, 1900, $:?,002,129
less depreciation,
7,002,129
$1,000,000
$17,064,659
Deduct dividends paidPreferred, $2,800,OoO
;
common, $2,625,000
z.
5,425.000
$11,639,659
zThis includes three quarterly dividends of l^i p. o. each paid
April, 1900, to Oct., 1900, inclusive, from the 7 per cen t declared on
he common stock a year aso, the fourth distribution having been
made in Jan., iSOl, or since the close of the year.
BALANCE SHEET OF DEC. 31.
1
1900,
18^9.
$8-'^,28t>,767
$79.6J»,513
Invesimeiits aud advances to sub. cos
6,138,617
4.0ri4.475
Bills receivable
5,66'=,141
10,62 %079
2,220,658
8,247,220
10,995,44 6
3,225,294
$109,938,262
$106,161,948
$40,000,000
50,000,000
6,09K,6o3
2,200,000
11,639,669
$10,000,000
tO,000,000
4,899,418
1,200,000
10,Ot2,530
.$109,938,262
$106,161,948
Aasels—
Real estate, plant, etc
Inventories
Cash
Total
Liab
lilies
—
Preferred stock
stock
Common
Accounts payable
D.preciation, bad debts, etc
Profitand loss
Total
*
1900.
$8,002,129
1,000,000
Profit for year
Depreciation, etc
-V. 71, p. 1222.
year, $72,841.
See also item on page 137.— V. 72,
American Steel
GENERAL INVESTMENT NEWS.
p. 87.
& Wire
Co.
CStalement for year ended Dec. 31, 1900. J
In connection with the action on the dividends, mentioned
on page 243, the exf cative committee, late Tuesday, issued
the following statement addressed to the stockholders
"Much to the disappointment of all, the volume of basiness in the first quaiter of the year proved to be only onehalf what was anticipated, and the result was an accumulation of stock so heavy that in April it was found necessary
to very largely reduce our prices and close for a time
several of our mills, that our accumulated stocks might be
worked off. As our company was then a large buyer of both
pig iron and billets, we recessarily had on hand and under
contract a very large tonrage upon which the company was
obliged to stand a large shrinkage in values when the price
of Bessemer pig and of steel billets declined fully 50 per cent.
:
RAILBOADS. INCLUDING STREET BOADS.
Brookljn Rapid Transit Q,o.— Guaranteed Bonds Offered
Trust Co. of New York and Harvey Fi-k &
Sons offer at 973^ and interest, and recommend to investors,
$9,500,000 Nassau Electric RR. Co. consolidated mortgage 4
per cent gold bonds due Jan. 1, 1951, principal and interest
guaranteed by the Brooklyn Heights RR. Co., through
which the Brooklyn Rapid Transit Co. controls the properties of the Nassau Electric. The announcement is accompanied by a letter to the bankers from C. L. Rossiter, President of the Nassau Electric RR. Co. and of the Brooklyn
—The Guaranty
Rapid Transit Co., containing exhaustive information regarding the property. In April, 1899, all the railroad properties
and franchises of the Nassau Electric RR. Co. were leased to
the Brooklyn Heights RR. Co. for 999 years, which company
—
—
Febbuaby
^
THE CHRONIOLE.
2, 1901.]
all of the common and preferred stock of the Nassau
Electric RR. Co.. excepting |418 000 par value. For the year
ending Dec. 31, 1900, it ia estimated that the Naesau pystem
contributed at least |935,000 to the net earnings of the Brook
lyn Rapid Transit Co., which were $4,333,96^. See adver-
owns
:
241
County Light & Power Co. The lastnamed concern, it is understood, will a^qnire the Lancaster Gas Light & Fuel Co. and the Edison Electric Light Co.
called the Lancaster
and operate their plants in close relations with the s'r<^et railway system. The Conestoga Traction Co. operates H5 miles
tisement on page x.
of trolley track, and its earnings for the year ended Nov. 30,
The bonds offered are part of an issue of $15,000,000, of 19ro, were -$241,000, contrasting with *221,109 in 1^98 99; net,
•which 14,525,000 are, by the terms of the mortgage, reserved |121,f 00. against .$101,350. The stock and bonds of the tracto retire underlying bonds. Subject only to these underlying tion company and its controlled lines, we are informed, will
bonds, the consolidated mortgage, it is stated, is an absolute remain outstanding.— V. 69, p. 1063.
lien upon the 123 21 miles of lines owned by the Nassau ComDelaware & Hudson Co.— Status of Canal.— We learn
pany, and by the terms of a supplemental agreement upon
that, contrary to current report, thi^ company'- canal, acM in
the stock of the Coney Island & (jravesend Railway Co. and
June, 189i, was included in the transfer of the Pennsylvania
the Sea Beach Railway Co., whose lines, aggregating 20 17
Coal Co. to the Erie, with the exception of a few miles at
mile?, will become directly subject to the mortgage as soon
the Hudson River end, which is owned by S. D. Coykendall,
formality
of
merger
has
been
perfected.
the
as
in connection with his cement business.
Earnings. The earnings of the system for the year ending and used
The preliminary statement for 1900 is given on
Report.—
were:
31
Dec.
page 240.— V. 72, p. 86, 44.
—
Orosa.
Tear,
1900. $11,971,476
-V.
Net over taxes. Oin income.
$4,333,969
$701,688
Charges.
$3,804,867
Bal.,8ur$1,230,790
72, p. 183.
Baffalo Rochester & Pittsburg Ry.—^warfeWj/.— Earnings
for the quarter and the six months ending Dec. 31 were:
3 moa. end.
Dec. 31.
1900
1899
Gross
earnings.
$1,158,010
1,184,578
Net
earnings.
$590.}J2i
Interest,
taxes, etc.
Balance,
$346,627
265,659
S'i.'^O.^SO
467,091
income.
$6,255
5,417
J,200,654
870,169
15.257
9,866
695,122
512,139
620,789
367,896
Oilier
nurplus.
206,849
months.
1900
1899
2,920,280
2,268,204
-V. 72, p. 183.
Central RR. of New Jersey.— Sfocfc Security for Bonds.—
See Reading Company below.— V. 72, p. 136, 8(5.
Chicago & Alton Ry.— CaZ/ed Bond."^.— Twelve Mississippi
River Bridge bonds, viz., Ncs. 23, 60, 114, 181, 231, 339, 362.
404, 462, 506, 651 and 655, have been drawn by lot, and will
be paid April 1 at the office of the Chicago & Altoo Ry. Co.,
No. 120 Broadway.— V. 71, p. 1166.
Chicago Indianapolis & Loaisville Uj.— Advance in
Price of Htcck. The price of the company's shares has experienced a considerable advance during the week. The
rumor, however, that the Southern Ry. Co. is to take over
the property is officially denied.— V. 71, p. 1119.
Chicago Dlllwauliee & St. Paul Ry.—New Director— Negotiations Reported in Abeyance.— On Thursday J. Ogden
—
Armour was
elected a director to succeed his father, the late
Philip D. Armour. President J. J. Hill of the Great Northern Ry., who it was thought might be chosen to fill the
vacancy, left New York for St. Paul on Jan. 29. The common
report is that the plan for acquiring control of the Chicago
Milwaukee
St. Paul in the joint interest of the Great
Northern and Northern Pacific is off, at least for the present,
owing to the inability to agree on a basis for carrying out
the deal. It is understood that J. Pierpont; Morgan met
members of the executive committee. of the St. Paul at the
company's office on Mondav and made a tentative proposition,
&
& Chicago Traction Co.— /nco?/>ora fed.—This
Detroit
company
of incorporation in Michigan with
$4,^00,000 authorized capital stock to construct an electric
railroad from Detroit to Chicago. Incorporators:
P. H. Flynn, JoUn MoCarty and P. C. Cocheu, of New York; Isaao
W. Maolay, of Yonkers, N. Y Geor«e J. Carr, of Montclalr, N. J.; W.
A. Buland, of Orass Lake, Mioh., and W. A. Foot«, of Jackson, Mich.
filed articles
;
Detroit United Rallyf&y.— First D vidend.— The company
has declared a quarterly dividend of 1 per cent, payable
March 1 to stock of record Feb. 15.— V. 72, p. 183, 136.
Franchise Tax Law.
Tax Commission
—
Report of Tax Commission. The
on Tnesday submitted its an-
of this State
nual report to the State Legislature. The report says in part
tJnder the first year's operation of the special franchise tax law,
4,751 valuations were made, aggregating a total of $26b,2('2,759, an
Increase of $170,140,857 over the assesement of tne same pn parties
by local aesessors the year prior. There have been served upon this
department 278 writs of certiorari, involving 527 valuations. The
bulk of these writs has been served for the conservatl n of such
legal rights as may accrue under the decisions rendered
the test
cases to be actually contested. By many curporations, notably the
Standard Oil, this law is accepted without demur, and taxes upon valuations found have been paid.
We are proceedlnK in the confident belief that the courts will sustain the law. A year's practical working has disclosed some changes
which can be made in the special franchise law to Its betterment In
execution. The principle has thoroughly approved Itself.
The sngeestlon sometimes advanced that the ppeoial franchise tax
law should fix a graduated scale of percentage tax upon gross receipts
is untenable and cannot be seriously maintained, as it would allow
the large corporations, which are able to pay a reasonable tax, to escape the payment of such a tax, while on the other hanrt it would
compel many of the smaller and poorer corporations throughout the
State, whose franchises have but little or no value, to pay an unjust
burden of taxation.
Taxation or net receipts Is Impracticable because salary lists could
be BO magnified as to leave no net receipts. It is not probable that
final decision upon the constltutlor ality of this law or validity of the
grounds of valuation under it will be had for several months.— V. 71,
p. 1012.
m
East Liverpool Ry.—Consolidaticn.See United Power
Co. below. -V. 64, p. 287.
which was declined.- V. 72, p. 186, 136.
Erie RR.— Z). & H. Canal.— See Delaware & Hudson Co.
Chicago & North Western Ry.— C'aWed Bonds —Sinking above.— V. 72, p. 136, 44.
fund bonds of 1879 in amounts equivalent to $62,000 of the
(xadsden & Attalla Union Ry.— A temporary receiver, it is
63 and |73,0C0 of the 53 have been drawn for redemption and stated, has been appointed by Judge Swayne of the United
will be paid at the Farmerb' Loan & Trust Co. trustee, at States Court upon application of S. C. Dnnn and others.
105 and accrued interest to Feb. 1, 19J1.
See advertisement
Grand Trunin Ry. New Steamship Connection.— An
on a preceding page.
agreement has been made with the Dominion Steamt-hip Co.
Results for Calendar Year 1900.— See editorial article on
for the establishment of a weekly line of steamships from
page 211.— V. 72, p. 86.
Portland, Me., to Liverpool during the coming season. V.
Chicago Terminal Transfer RV.— Change of Control— 72, p. 44.
Kuhn, Loeb & Co. confirm the statement that E. H. HaniIllinois Central RR.-lKcrease of Stock.— The shareholdman has
.
—
purchased the large holdings of the Geiman interests
in this property. The price paid was 83 for the preferred and
13 for the common stock. It is payable one-third in cash and
the balance in 4 per cent notes, due in two years, but redeemable at any time before maturity at the option of Kuhn,
Loeb
Co. This purchase places Mr. Harriman and his
associates in control of the company.
It is generally supposed that the concentration of terminal facilities in Chicago
will naturally follow in the interest of the several roads
with which these parlies are identified.— V. 71, p. 751.
&
&
—
Ky.— Sale Postponed
account of the reorganization
committee, which was to have been held Jan. 30, was again
postponed one week because of the temporary injnnction
obtained by a dissenting stockholder. The more important
opposition which adjourned the first appointed sale has been
Cincinnati Jackson
The
M.&ckin&yv
sale of securities for the
withdrawn.— See V. 72, p. 86.
Cincinnati Newport & Covington Ry.— Dividend Increased.— The company's quarterly dividend, paid Feb. 1 to
holders of record that date, was increased to three-quarters
per cen^, one- half per cent having been paid quarterly in
1900.— V. 69, p. 645,
Cincinnati Portsmouth & Virginia RR.—Neio President.
—Samuel Hunt has resigned as President, and Henry Fink,
of the Norfolk & Western Road, has been chosen to succeed
him.— V. 72, p. 136.
Conestoga Traction Co. of Lancaster, F a. ~ Pending Amal(/amofiorj.— An Associated Press dispatch from Lancaster,
Pa., states "on authority" that William B. Given of Colambia and Samuel R. Shipley of Philadelphia, who are at the
head of the Ccnestoga Traction Co., have become owners of
much more than a majority of the stock of that company,
snd t hat they propose to incorporate a new company to be
ers on Jan. 26 approved the proposed increase in the capital
stock from |60,000,000 to $(36,000,000 for equipment and improvements. (See V. 71, p. 1066; V. 72, p. 44 )
Little Miami RR.— Bonds Authorized.— The stockholders
on Jan. 29 approved the proposed bond issue.- See V. 72. p.
184, 44.
Massachusetts Electric Companies.— Ifergffr of Sub-Companies.— The Massachusetts Railroad Commission held a
hearing Jan. 28 on the petition of the Lynn & Boston
RR. Co. for authority to purchase the North Woburn and
the Lowell Lawrence & Haverhill street railway companies,
and to issue capital stock to the amount of |2,800,000 in exchange for their stock issues, $ for $.— V. 72, p. 137, 45.
Mobile & Ohio RR.— O^er of Southern Ry. to Stock arid
Bond Holders. — Under date of Jan. 31 the Southern Railway
Co. makes the following cffer to exchange its securities for
general mortgage bonds and for stock of the Mobile & Ohio
RR. Co., which on or before March 1, 1901, shall be deposited
either with J. P. Morgan & Co., 23 Wall St., New York, or
J. S. Morgan & Co.. 22 Old Broad St. London.
SOUTHERN BV. COLL. TRUST 48 TO HE KXCUANOKD FOB GEIC. MOBT. 4S
$ FOB $.
(1 ) In exchange for general mortjraee -Is [about $9.';r0.000 oni«tandlDg. -£•(/.] (without the March, li^Ol, coupon), the Souttiern Ballway Co., on or before April SO, 1001. will issue its own collateral
trust gold bonds for the same amount, principal ard lutf-reet payable on the same dates, ann s-ecured by a pleilite of all said genem
mortgage bonds acquired or owned by the boutlieru Railway Co. To
the extent that moneys In the .slnkins fund 8ecurin« the pr.-uent Mobile & Ohio debentures sliall be available for such n-.leu.pnon. sucn
shall be redeemable by lot upon any interest <1bj *'
oe ininterest. The trustee for the new bonds tbaii
vested, so far as praitlcable. with suitable powers for the t. rmlnanon
and extlnctlou of all sinking funds. The colUieral fm^t Issoe Ph^l
not at any time exceed the totiU principal sum of the saia general
new bonds
and accrued
mortgage bonds then pledged thereunder.
——
:
—
—
:
THE CHRONICLE.
242
STOCK TEU8T CERTIFI0ATE8 TO BE ISSUED IN PLACE OF STOCK AND TO
RKOKIVE DIVIDENDS AT RATE OK 2 FEE CENT YEARLY FOB ONE
TEAS, 3 PEB CENT FOR SECOND TEAR, THEN 4 PER CENT.
For shares of stock of the Mobile & Ohio RB. so deposited, the
Southern Railway Co. on or before April 30, 1901, wllllssne oorresponding stock trust oertlfloates entiilln!? the holder to receive In perpetuity in gold coin of the United States, in semi-annual instalments,
a sum equal to dividends upDn the deposited stock from April 1, 19ol,
at the rate of 4 per cent per annum, excepting that such payment for
the flr^t year shall be at the rate of 2 per cent per annum and for the
second year shall be at the rate of 3 per cent per annum.
The total issue of such stock trust certifloates shall not at any time
exceed the agi^regate sum of the par valun of all of the shares of the
present authorized issue of the capital stock of the Mobile & Ohio
SR. Co. then acquired or owned by the Southern Railway Co.
[Vol. LXXII.
Wm. H. Graham (President). President Mercantile Trust
Geo. I. Whitney (Treasurer), Whitney & Stephenson, Pittsburg, Pa.; M. K. Salaburv (Secretary), President Midland Coal Co.; E. C. Converse. President National Tube Co
W. A.
Shaw, Pittsburg; Geo. J. Gorman, President Mechanics' National
Bank, Pittsburg, Pa.; C. A. Painter, of H. Sproul & Co , bankers^
Pittsburg; James S. Kuhn, President Pittsburs Bank for Savings^
J. D. Nicholson, of Geo. B. Hill & Co., bankers, Pittsburg, Pa.
This company is a recent consolidation of the Connellsville
Directors:
Co., Pittsburg, Pa.;
;
& Uniontown
&
Dnquesne
Rv. Co McKeesport Wilmerding
Ry. Co. and McKeesport & Yonghiogheny Street Ry. Co ^
its lines when completed will make one continuous system
103 miles in leneth, extending from Dnquesne (adjoining
Pittsburg) to McKeesport, Wilmerding, Versailles, ConnellsIn case a majority of the general mortgage bonds shall not ville, Leisenring, Danbar, Uniontown, Fairchance and interhave been deposited on or before March 1, 1901, all depssited mediate places in the coke region.
Btock may be returned to the holders of the reaeipts thereof.
Reading Co. New Bond Issue. The company has arThe directors of the Mobile & Obio RR., also J. P. Morgan & ranged to create an issue of $23,0l)0,000 of 50year 4 per cent
Co,, A. Iselin & Co. and F. W. Whitridge, respectively rep- collateral trust bonds secured by deposit of the stock of the
resenting interests in the Mobile & Ohio and in the Southern Central RR. of New Jersey, recently purchased at 160; also of
Railway Co., concur in recommending the exchange of the the entire capital stock of the Perkiomen RR. and a minority
securities above proposed.— V. 71, p. 749.
interest (orobably $445,000) in the $3,000,000 capital stock of
Nassaa Electric RR.— Bonds Offered. See Brooklyn the Port Reading RR. The entire capital stock of the lastnamed company is owned, but $1,555,000 of it is pledged for
Rapid Transit Co. above.—V. 71, p. 1220.
the
general mortgage of 1897. The new bond issue, it is
New Jersey & Hudson River Ry. & Ferry Co.— First
Dividend. The company has declared its first dividend, 5 per understood, has been underwritten and will shortly be offered
cent on the preferred stock, payable Feb. 15.— V. 70, p. 1249. for sile. The bonds, it is said, are issued in part on the basis
of a valuation of 120 for the stock of the Central New Jersey,
North Chicago Street 'Kti.—CertiiicaUa Called. The comExtension of Bonds.— The Reading Coal & Iron Company has called for payment all its $1,260,000 of 6 per cent pany is sending out notice to the holders of the Philadebentures, and will redeem them at par on A.pril 1, either at delphia & Reading RR. Co. 10- year sinking fund 5 per cent
its own oflBce or through the First National Bank of Chicago.
bonds, maturing Feb. 1, 1902, offering to extend the princiRefunding Mortgage, The company has authorized a con- pal of the bonds until Feb. 1, 1932, at 4 per cent interest.
solidated mortgage to secure $4,800,000 of 43^ per cent gold The circular says
bonds, to run thirtv years from April 1, 1901. These bonds
The Philadelphia & Reading Coal & Iron Co. having assumed the
payment of the above-mentioned bonds, hereby offers to such of the•will be applied chiefly as follows
holders thereof as will present the same at the office of Drexel & Co.,
Present Issue to retire debentures called as above
$1,260,000 Philadelphia, on or after Feb. 1, 1901, but not later than June 1,1901,
do
do to replace debentures redeemed July 1, 1900.
298,000 the option of having their bonds extended at par from the date of
Reserved to take up first mortgage bonds due in 1906, 1909
maturity, namely, Feb. 1, 1902, to Feb. 1, 1932, at the rate of 4 per
and 1916
3,171,000 cent per annum, interest upon the said bonds at the rate of 5 per
The new mortgage, it is understood, will limit the issue of cent per annum to be paid as it accrues until Feb. 1, 1902.
The bonds so extended will retain all their present security, and in
first mortgage bonds to the amount now outstanding.— V.
addition thereto will be guaranteed, both principal and interest, by the
70, p. 1195.
Reading Co., and will be subject after Feb. 1, 1902, to a sinking fund
to $30,000 per annum.
Northern Alabama Coal, Iron & Ry.—iVewj President.— reduced
Such of the above-mentioned bonds as will be drawn for the sinking
Walter T. Rosen, of 27 William St., New York, has suc- fund prior to Feb. 1, 1902, will be paid and canceled, whether exceeded Eugene Zimmerman of Cincinnati as President of tended or not. All bonds whose holders shall not have accepted the
above option will be taken up on Feb. 1, 1902.— V. 71, p. 1312.
the company.—V. 69, p. 181.
St. Clair Madison & St. Lonis Belt RR.— ReorganizaNorthern Pacific Ry.— iVew Equipment.—The company
tion
Plan. The bondholders were to vote yesterday on a
on Jan. 24 ordered from the American Car & Foundry Co.
2,750 box cars, 800 flat cars and 400 coal cars— all to be of plan of reorganization prepared by the Whitaker Committee.
The plan, it is said, provides for the issue of $800,000 of 4
80,000 lbs. capacity.— V. 72, p. 184, 83.
per cent bonds, of which $50,000 to be retained in the treasPennsylvania Company.— iVew Bonds. See Pennsylvania ury. —V.
71, p. 30.
B.R. Co. below.— V. 71, p. 1311.
St. Louis & San Francisco RR.— Earnings for Half-Year.
Pennsylvania RR.— Bond* Sold.— Knhn, Loeb & Co. have
Earnings for the 6 months ending Dec. 31 were:
purchased $10,000,000 of 3^ per cent forty-year gold trust
Net
Other
Interest,
Balance,
6 mos. to
Gross
bonds of the Pennsylvania Company, which are guaranteed
earnings,
income,
taxes, etc.
surplus.
earnings,
Dec. 31.
by the Pennsylvania RR. Co. These bonds are a portion of 1900
$5,198;417 $2,408,115 $42,650 $1,309,189 $1,141,576
619,063
1,802,534
30,295
1,213,766
4.154,455
the $20,000,000 issue authorized in 1897, of which $4,950,000 1899
is already outstanding.
The loan is secured by pledge of an
Dividends at 2 per cent on the 4 per cent first preferred
equal amount of the 7 per cent guaranteed special stock of call for $100,000 during the six months, leaving $1,041,576
the Pittsburg Fort Wayne & Chicago. The proceeds of the applicable to dividends on the $14,335,000 second preferred
sale will be used for improvements, etc.— V. 72, p. 1S4, 137.
stock in 1900, against $519,063 in 1899,— V. 71, p. 1221.
Pere Marqaette RR.— First Uiwdend.— The company has
Schenectady Ry.— Increase of Stock.— The shareholders on
declared a first dividend of
on its preferred stock out of the Jan. 29 voted to increase the capital stock from $300,000 to
profits for the year ending Dec. 31, 190O, payable Feb. 11 to $1,000,000.—V. 71, p. 544.
stock of record Feb. 2.
Schnylkill Traction Co. Readjustment Notice. President
jEarningrs.— Earnings for the year ending Dec. 31 were
Dallas Sanders gives notice that holders of the common stock
Tear.
Gross.
Net.
Charges.
Bal., sur.
may at any time, not later than Feb. 16 next, at 12 o'clock
1900
$8,273,852
$1,965,424
$1,325,611
$639,'313 noon, at the office of the Fidelity Insurance, Trust & Safe
1899
7.368,794
1,700,973
1,289,420
411,5&3
Deposit Co., 331 Chestnut St., Philadelphia, give up tbeir
Bonds.— The bonds issued to refund the Port Huron common stock and receive in lieu thereof one-quarter of theDivision 8s. it should be noted, were the balance of the amount in preferred stock, under the readjustment plan.
$5,000,000 first mortgage loan of 1880, the interest being V. 71, p. 288.
reduced in case of the final million from 6 per cent to 4 per
Sedalia (Mo.) Electric & Ry,— Foreclosure.— The Federal
cent. The amount of consol. 5s of 1889 outstanding remains
Court at Jefferson City, Mo., on Jan. 26, ordered the sale of
as heretofore, $2,850,000.— V. 72, p. 88, 45.
the property under foreclosure of the first mortgage, Kansas
Pittsburg UcKeesport & Connellsville Ry.— Bonds Of- Loan & Trust Co., trustee, and the second mortgage, the
fered.—The foUow'mg PittshnTg firms and institutions, viz.
Trust Co. of America, of New York, trustee. The amounts
Mercantile Trust Co.,
Whitney & Stephenson.
adjudged to be due and unpaid on these mortgages are
Pittsburg Bank for Savings,
Henry Sproul & Co.,
$218,363 and $53,809 respectively.— V. 70, p. 430.
Second National Bank,
Geo. B. Hill & Co.,
Merchants' & Manufacturers' Nat. Bk., Robinson Brothers,
Southern Pacific Co.— Change in Control.— Speyer & Co.
Mechanics' National Bank,
J. L. D. Speer & Co.
yesterday afternoon stated that they had received and acoffer for subscription until 12 noon to-day, at 102}^ and cepted an offer for their holdings of Southern Pacific stock.
accrued interest, $1,655,000, the unsold portion of $3,000,000 The purchasers are Kuhn, Loeb & Co. and E. H. Harriman,
now authorized to be sold, first consolidated mortgage 5 per the controlling interests in the Union Pacific RR. Co. This imcent 30-year gold bonds (free of tax). The total author- portant transaction, we learn, includes the Huntington
ized iesue is $3,500 000, of which is reserved with trustee for holdings, and carries the control of this great property.
underlying bonds $231,500, and for luture betterments and The svstem, however, will continue to be operated indeextensions under strict provisions $500,003. The new bonds pendently, but in harmony with the other lines with
are dated Jan. 1, 1901, due Jan. 1. 1981. Mercantile Trust whick the purchasers are identified. The deal, we underCo., Pittsburg, trustee. An advertisement saye:
stand, will not involve in the immediate future any change
This company is a consolidation of several established companies in the outstanding securities of the companies allied. V. 72,
located in Allegheny, Westmoreland and Fayette counties. Pa., hav- p. 184, 'IS.
ing 40 miles in opHration, 60 miles now being constructed, total 100
miles com inuous line. The system serves 80 cities and towns and
Southern Ry. Purchase of Mobile & Ohio. Under the
joining with the Pittsburg city lines at Duquesne, MoKeesport and Wll- heading Mobile & Ohio RR. are given full particulars remerdiiig, directly connects Pittsburg and Allegheny with all the
garding the proposed purchase of that road by the Southern
cities and towns of the vast coke region. Pooulatlon directly served,
200,000, oatslde of Pittsburg and Allegheny having 500,000 addition- Ry. Co. The acqaisition will give the latter company a
al. Franchises are perpetual and very valuable, as are also the private
direct line (aggregating with branches 914 miles), » xtendrights of way owned by the company and covering three-fourths of
ing from Mobile and Montgomery to St. Louis. The Souththe system. The company owns and operates its own coal mines,
delivering coal at power station at 50o. per ton, as against $1. 25 per ern Co. will issue to carry out the deal not exceeding $9 472,ton in open market.
000 collateral trust 4s due Sept. 1, 1938, for the Mobile &
,
—
—
—
—
—
—
;
—
—
—
H
—
:
.
—
—
:
February
•THE CHKONICLE.
2, 1901.]
both the preferred and
next March."
Ohio's general mort. 4s, and will guarantee dividenda at the
rate of 3 per cent the first year, 3 per cent the second year
and 4 per cent thereafter on trust certificates to be issued in
place of the stock of the M. & O.—V. 73, p. 138, 45.
Sonth Side Elevated UR.— Earnings.— E&rmnga for the
year ending Dec. 31 were:
Xet.
Interest.
Dividends. Bal., sur.
$538,235
500,418
$33,750
$306,766
Qross.
Tear,
$1,286,638
1,170,3£0
1900
1899
Max Pam,
—
&
—
72, p, 184.
Union Pacific "KR.— Control of Southern Pacific—See
Southern Pacific Co, above.— V. 73, p. 184, 88.
Utica Snbnrban Ry.—Neio Bonds.— The New York State
Railroad Commission has approved the proposed issue of $3C0,000 first mortgage bonds, of which $50,000 to retire outstanding bonds and $250,000 to construct the Sauquoit Valley extension from Capron to Clinton and the road from Oriskany
Rome.—V.
the company's counsel, gave out the following:
found on page 340.
Reported Lease. A press dispatch says the company has
acquired the leasehold interest of the Chisholm Iron Co. in
certain lands on the Mesaba Range, agreeing to pay for the
same a bonus of §75,000 and 10 per cent annual royalty and,
in addition, to the fee owners an annual royalty of 25
percent. The agreement, it is said, calls for a minimum
annual production of 100,000 tons. The Steel & Wire Company, it is said, now controls four Mesaba Range mines.
Proxies Returned. Welles, Herrick & Hicks, who recently advertised for proxies on behalf of the "holders of a
large amount of the company's stock," yesterday announced
that, owing to a change in the p'ans of their principals, they
had "been requested to withdraw from the contest."
Rumors were current recently of a possible coneolidation of
steel companies, also that prominent financial interests already
identified with steel and iron properties were considering the
acquisition of an interest in this property.
Whether the
change of plans above noted has any significance in connection with either of these rumors dees not definitely appear,
though it is expected there will be changea in the board at
the coming annual meeting.,— V. 71, p. 1323.
chasing and constructing additional mileage. This additional
Northwestern,
mileage is understood to be the Columbus
extending from Peoria, O., to Sc. Mary's, O., 65 miles, and
until recently known as the Columbus extension of the De-
to
stocks quarterly, beginning
action on the dividend question on both stocks is therefore
deferred until the meeting of the board the coming March.
The board voted to advance prices on etandard goods |2 per
ton, effective at once."
The annual statement accompanying the foregoing will be
$197,720
V. 71, p. 544.
Toledo & Oliio Central 'Rj.— Branch Line Securities.— &.%
stated last week, the shareholders will vote Feb. 7 on issuing
first mortgage branch and income bonds to be used in pur-
& Lima Northern.— V.
common
"The amendment of the by laws makes it obligatory on the
directors to act upon the question of dividends on both the
preferred and common stocks of the company quarterly, beginning with March next. Under this amendment further
-V. 71, p. 237.
Toledo St. LoniH & Western Railroad.— iVew Directors—
John J. Emery and Thomas H. Hubbard have been elected
directors in place of James N. Wallace and J. H. Seaman.—
troit
243
70, p. 331.
Wilmington (Del.) & New Castle Electric.— Increased
Dividend.— The regular se Bi-annual dividend paid Feb. 1, it
is stated, was increased to 3 per cent, 3 per cent each having
been paid February and August, 1900.
Bay State Gas.—Inv(stigation.—See New England Gas &
Tonngstown-Sharon Railway & Light Co.— Capitaliza- Coke Co. below.— V. 73, p. 138.
tion. — The capitalization of this new company consists of
Birmingbam Realty Co.— Cose
capital stock (all issued) |3, 500, 000; mortgage authorized,
Morris
vs. theElyton Land Co. was
$3,500,COO; present issue, $2,000,000; New York Security &
Trust Co. trustee; securing 5 per cent bonds, due Jan. 1, 1931,
denomination, |1,0C0, interest semi-annually. The proceeds
of the $2,000,000 bonds to be issued at once go to provide for
improvements, additions, etc., to the properties of the con
stituent companies.
The Youngstown-Sharon Railway &
Light Co. is reimbursed for its expenditures by bonds of the
constituent companies, which bonds and the stock of the
same are deposited with the New York Security & Trust Co.,
trustee of the mortgage securing these bonds. The securities
pledged areas follows:
:
proposes to take the water from the Stanislaus River and sell it to the
owners of the numerous placer mines In Calaveras County also to
utilize It in producing electric power for the larpe quartz mines In
the vicinity. After the water has been delivered to the mines it will
again be collected and need for irrigating purposes. The company
expects that the ditch will be finished about next September.
Carnegie Co.— iVegrofiafiona. —Negotiations of the American Sheet Steel Co. and the National Tube Co. are believed
to be paving the way for amicable relations with the Carnegie and the relinquishment of the latter 's plan for building large plants of its own for the manufacture of sheet steel
and tubing.— V. 73, p. 185, 139.
Central Electric Co.— Sale of Bonds. The company has
awarded to J. S. Rippel of Newark $150,0C0 of its |750,000
five per cent first mortgage forty-year gold bonds.
The
mortgage covers all the property now owned or hereafter acquired, including plants in Rahway, Perth Amboy,
;
72, p. 138.
—
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Car & Foundry Co.— Earnings.— An official
statement follows
Net earnings for 7 months ending Nov.
20, 1900
Balance as per report for period ending April 30, 1900
$2,547,227
3,698,649
Total
New
Brunswick, Bound Brook, Dunellen and Metuchen.
of the present sale will be used to defray the
cost of extensions and the new plant at .Metuchen.
The
bonds are dated July 1, 1900 interest payable Jan. I and
July 1; trustee. Fidelity Trust Co. of Newark.
Of the
The proceeds
6,245,876
Dividendf deducted—
pref stock, viz 1\% on $29,090,000 paid Aug. 1, 1900.
I^% on $30,000,000 paid Nov. 1, 1900
1%% on $30,000,000 paid Feb. 1, 1901
$509,075
525,000
525,000
190O..
14.'^,450
On
:
On com. capital fitook,'k% on $29,090,000 paid Aug
ifl%on $30,000,000 paid Nov.
ifi% on $30,000,000 paid Fet).
1,
1,
1,
;
authorized issue $450,000
150X00
1900
1901
$2,004,525
$4,241,351
CoiitractSee Northern Pacific Ry. under "Railroads"
above.— V. 72, p. 45.
American Navigation Co.— Steamships Building.—The
American Shipbuilding Co. is building for this new company
two eteel ocean steamships 430 feet long, 7,880 gross tons
burden, and 10 knots an hour speed total cost of the two
$772,000. The " Chicago Economist " says
:
The $386,000 bonds have been taken by a pyndlcate of stockholders
of the American Bhipbuilding Co., who receive $100,0(
of common
stock as a bonus with the bonds. The $400,000 preferred stotk is
i
William L. Brown. President American Shipbuilding Co.; James H. |
Hoyt, CleveUnd; Charles E. Peck, New York; William G. Mather,?
Cleveland, and Colgate Hoyt, New York.— V. 72, p. 183.
j
American Shipbuilding Co.— See American Navigation:
Co. above.— V. 71, p. 1014.
American Steamship Co.— Puz-c^iase— See report of American Steel & Wire Co. on page 240.— V. 71, p. 10G9.
American Steel & Wire Co.— Action on Dividends De
ferred.— The directors on Tuesday, after a prolocged meeting, made the following statement
"Finding it unwise and
j
:
inexpedient to declare dividends payable a full year in alvance, the by-laws have been so amended as to enable the
board of directors to act upon the question of dividends on
is
now awarded) will
—
;
offered lor subscription at par, each share carrying half a share of
common as a bonus. The remaining $100,000 of common will be
issued to W. A. Prime, the promoter of the enterprise, in consideration
of his assignmeDtof the contracts for the ships. The directors are
already outstanding, $150,000 (the
be issued during the year for extensions and improvements, leaving $15u,(jO0 still in the treasury. The only underlying bonds, we understand, are $50,000
Middlesex Electric Co. bonds, subject to call in 1905. The
Central Electric Co.'s capital stock, $750,000, is not controlled directly by the United Electric Co., but a few large
stockholders of the United Electric Co. are interested in the
Central Electric Co.— V. 71, p. 1271.
City Cold Storage Co. ot 'Sevi Yori.-New Enterprise.
This company has been incorporated in New Jersey with $4,
000,000 authorized capital stock, to furnish cold storage and
operate warehouses. Incorporators: George H. Prentiss and
James W. Hinkley, New York, and William F. Morgan,
Short Hills, N. J.
Colnmbns & Hocking Coal & IronCo.—Neio President.—
John E. Knapp having resigned as director and President on
account of ill health,
H. Zaigler of New York City has
been elected his successor. John M. Shaw of New York
is now Second Vice-President.— V. 70. p. 1047.
Concord (N. U.) Land & Water Co.—Sale March6.—The
sale under foreclosure of the mortgage of 1893, American
Loan & Trust Co., trustee, is advertised for March G at Concord, N. H.
Consolidated Gas Co.— New Officers.— Director Samuel
Sloan has been elected Vice-President to succeed the late
Thomas Knott Lees, who died on Jan. 25. Assistant Secretary
Lewis B. Qawtry, eon of President Harrison E. Gasvtry. has
been elected Secretary, succceeding Oscar F. ZoUikoffer,
bonds
150.000
Total dividends deducted
Balance Nov. 30, 1800
of
Calaveras Ditch Co.— Stock Offered.— This company, with
and 13 William Street, invites subscriptions for
its preferred stock at |10 per share, with one share of common stock as a bonus. An advertisement says
The company is Incorporated under the laws of New Jersey, with a
capital stock of $2,000,000, of which $300,000 is 7 per cent cumulative preferred, par value $10 per share. The company's lines are
located In Calaveras and Tuolumne counties, California; the titles
to all its property are free, clear and well established. The company
Sharon Gas & Water Co
$52,500
$50,000
Sharon & Wheatland Street Ry. Co
50,000
50,000
SharpsvUle Electric Light Co
12,000
12,000
Shenango Valley Electric Light Co
10,000
10,000
Valley Street Railway Co
117,000
94.000
Youngstown & Sharon Street Railway Co
600,000
600,000
Youngetown OoasoUdated Gas & Electric Co.,
(V. 71, p. 1023)
955,000
545,000
A. M. Hyatt is President; H. W. Whiople, Vice-President;
Leighton Calkins, Secretary; Gaborn W. Bright, Treasurer.
—V.
case
offices at 11
Bonds.
Stock.
Settled.— The
settled on Jan. 34, thus
removing, it is said, all question as to the title of the Birmingham Realty Co. to the property.— V. 72, p. 89.
j
j
'
Wm
resigned
—V.
73, p. 186.
—
A
—
THE CHKONICLE.
24^
—
Denver Paper £,(t.— Transfer of Property The property "refunding mortgage
was on Jan. 22 ordered to bo transferrtd to the R )pky Moun- bonds " dated July 1,
tain
tal
Paper
Co., rec ntly incorporated
71, p. 1273.)
with $1,350,000 of capi-
[Vol. LXXII.
5 per
cent thirty year $1,000 gold
and due July 1. 1930, coupons
Central Trust Co., N. Y., trustee.
1900,
oayable Jan. 1 and July 1:
total authorized issue is $2,000, COD, applicable as follows:
Tae
stock.— (See V.
Eastern Tube Qn.— New Pr< ject.—Th.\B company, reported
as incorporated in West Virginia with 81,000,000 of authorized capital stock, is stated to have let contracts through
Turner A. Beall of
York for the construction of a tube
plant at Zanesville, Ohio. The p'anl'a capacity at the outset, it is said, will be 400 tone daily, which will be increased
later to 8(0 tons. The city of Z tnesville contributes the land.
New
Present issue
which for betterments already made
To rdeem $42,5.000 existing bond? subject to call at 104
pay
To
for underground conduit system and for certain
additions, exretisions and betterments in power plant
$1,000,000
158,000
442,000
'f
now In course of construction
400,000
Reserved wUh irusteetor future additions, extensions
and betterments or the purchase of other light plants
or properties
$1,000,000
Tue Memphis Light & Power Co. is the only electric comEqnitable lUaminating das-Light Co. of Philadelphia.— pany in Memphis, and its franchises extend beyond the date
OufjjMi.—Tue statement of gas sold in the city of Pliiladel- of maturity of the bonds. Irs capital stock, $5*^0 000 on July
pbia for the quirt-r ended D c. 31, 1900, as filel at the 1, 1900, paid an annual dividend of 10 percent.— V. 71, p. 1313.
Comptrollet'd office, shows output, etc., as follows
Minneapolis General Electric Co.— Bonds— Eimings.
1898.
Cubic feet gas—
1899.
1900.
926,620,340 The firm of Spencer Trask & Co. is offering $150,000 of
3 months
1.137,430,000 1.00 i,'S3=i. 210
12 months
3,911..'>9y,400 3,564.810,610 3,032,073,810 the company's first consrlidated mortgage 5 per cent gold
i?3,91i..'>99
3,032,074
12 m08. grosa revenue...
$3,5«j4,81l
303,207 bonds, due January 1929, but subject to call at 105 and inOf which cltv receives...
3ie,481
391,150
terest
interest payable January and July Old Colony Trust
— V. 71,p. 9i5.
Co., Boston, Trustee,
The authorized issue of bonds is $3,Erie Telegraph & Telephone Co.— Collateral Trust Notes
000,000 issued aod outstanding, $724,000 reserved to retire
As previously stated, the |7,500,0C0of one jearcoUateral trust 6 per cent bonds due 190S, $865,00 ). An advertisement says
5 per cent notes are not all to be issued at one time; the purThe balance of the amount authorized may be issued to the limit of
pose of this issue is to retire as they become due the present 80 per cent of the
cash cost of additions and extensions to the present
outstanding notes of the Erie Telegraph & Telephone Co. properties. The 5 per cent bf^nds are a lirst lien on the newer and
amounting to about |3, 700.000, and also the notes of tbefive sub more valuable properties of the company, Includlns: the power-house,
sidiary companies amounting to about $2,500,000, These notes storage battery plant and underground distributing system. By a
supplemental Indenture the company is comprlled to expend out of
mature at v»riou8 times during 1901. The balance of the net earnings $30,000 annually upon Its property or redeem a like
amount of bonds.
$7,500,000 will be used for improvements and extensions dor
The company was formed In 1892 by an amalgamation of the Brush
ing the year 1901. When these notes are all out; the Old
ant Edison interests, ft Is the only electric-lighting company operColony Trust Co. will then hold as trustee about $10,000.0C0 ating in the city, which has
a popnlatlon of more Than 20o,< 00. The
of the notes and stocks of the five subsidiary companits. stock of the company is $2,100,000, of which .$600,000 is 6 per cent
The statement recently made that the notes of the subsidiary preferred. The former has regularly received Its full dividend and Is
entirely held for Investment. For the year ended June 30, 190", the
companies amount to upwards of 13,760,0(0 is misleading, Income
account is as follows: Gross earnings, $315,736 operating
time
an
amount
of
notes
not
exist
at
the
such
does
as
present
expenses, $154,587; net earnings, $161,150; fixed charges, $99,207;
and under the policy of the new management all of the Burpins, $61,943.— V. 69, p. 230.
present outstandiog sub-company notes may be converted
This company,
Mississippi
Talley Telephone
Co.
into the stocks of the subsidiary companies, a^ has been the
operating
in St. Paul and Minneapjlis in competition with
Erie
Company
the
past.
In
fact
the
incustom of the
in
denture between the Old Colony Trust Co. and the Erie tne Bell system, has been placed in the hands of E. E..
Company in rfgard to this new issue gives the trustee the Webster, tte company's attorney, as receiver. The plant la
said to have cost about |700,000.— V. 71, p. 1015.
privilege of carrying out such a policy if it so elects.
The statement previously made regarding the notes deNational Asphalt Co.— Acquisition
In addition to the
posited was inadvertently incorporated (and afterwards concerns camea in V. 71, p. 545, 700, control, it is stated, has
corrected), in one of the circulars put out by the note brok- been acquired of the Utica Paving Co., which has the right
—
:
;
;
—
;
;
:
;
—
—
ers.
number
all New York State outside of
Greater New York, and of the Warren-Scharf Asphalt Paving
Co., which, it is said, is capitalized at $1,000,000 and operates
in sixty cities.— V. 72, p. 143, 46.
to use Alcatraz asphalt in
Directors.— The shareholders on
ol
Thursday reduced the
directors from twenty five to fifteen and elected
the following board:
For one year, Henry R. Wilson, Frank A. Cutting, Frank M. Rlter,
Frederick A. Farrar, Albert B. Chandler; for two years, Francis R.
Hart, William J Latta, Walter Abbott, Charles S. Tuckerman, James
J. Storrow; for three jears. Philip Dexter. William Eudlcott
inald Foster, Gordon Abbott and Charles J. GUdden.
Jr.,
Reg-
The annual meeting will in future be held on the last
Thursday in January, instead of in Jane, as heretofore.
V. 72, p. 186, 139.
Fowler Bros., Limited.— Pra/T^a.—The annual report for
the year ending Oct. 31, 1900, it is stated, shows net profits,
after allowing for depreciation and interest on debentures,
£44,841; deducting 7 per cent on the preference shares and 5
per cent on the ordinary shares, there remains a balance of
£11,841, which, added to previous surplus, makes a total surplus on Oct. 31, 1900, of £66,025. Daring the year £13:^,000
5 per cent debentures were retired and £111,000 new 4^^ per
cent debentures issued. See V. 71, p. 344.
Georgia Electric Light Co. of Atlanta, Ga.— Bonds Cf/ered.— Lee, Higginson & Co. and Curtis & Sanger, both of
Boston, are offt-riag at 98i^ and interest $400,000, the unsold
balance of $l,287,uu0, first mortgage 30-year 5 per cent gold
bonds, due July 1, 1930, but subject to call at 105 and interest after Jan. 1, 1905; Old Colony Trnst Co., trustee; authorized issue, $2,000,000. The $1,287,000 bonds now issued are
for the following purposes: To retire the first mort. 6s called
for payment at 105 and interest on Jan. 15, 1901, $487,000:
additions and improvements now nearly completed, about
$800,0U0.
The balance of the bonds authorized can be issued
only lor 80 per cent of the cost of future additions and improvements. The company furnishes the following statement for the calendar year 1900: Gross earnings, $248,12');
operating expenses, iocluding taxes, $132,000: net earnings,
$116,120; interest on S1,2S7.0jO 5 per cent bonds, $64,350. H.
M. Atkinson of Atlanta is the President —V. 71, p.l3l3.
JacksonTllle (III.) Gas Light & Coke Co.-Bonds Offered.
—See advertisement on page vii, and notice on page 245.
Kingston (Ont.) Locomotive Works Co.— Liquidation.—
press despatch says the dividend statement of this defunct
company shows total liabilities of ^339,495, on which the
total assets will pay 50 cents on the dollar.
Lancaster County (Pa.) Light & Power Co.— Sae Conestoga Traction Co. above.— V. 69, p. 1063.
LonisTille das Co.— Deal Reported 0#.— The negotiations
of a New York syndicate for the purchase of the property are
reported to have failed.— V. 71, p. 1272.
Maryland Brewing Co.— New Director.— Ex- Ooy. Frank
Brown has been elected a director in place of Richard B.
Sperry.—V. 69, p. 1192.
Memphis (Tenn.) Light & Foyver Co.— Bonds Offered.—
This company has been offering for sale $1,000,000 of its new
—
National Salt Co.— Earnings. The net earnings for the
calendar year 1900 were $1,302,729; dividends paid, $586,981
balance surplus for year, $715,748; total surplus to Dec. 31,
1900, as per balance sheet, §1,020,973.
The capital stock is r
Common, $7,000,000; preferred, 7 per cent, $5,000,000.— V. 72,
;.
p. 186.
New England Gas & Coke
Co.
Investigating Committee.
—The Massachusetts House on Jan. 30 passed a bill ordering
an investigation of the gas situatiou in Boston by the joint
committee on manufactures. — V. 72, p. 143.
Newport News Ship Bailding & Dry Dock Co.— Co»Government for
naval work aggregating $7,660,000 were signed recently.
They include one sheathed armored cruiser of 14,500 tons, $3,»
frjcfs.— Contracts with the United States
885,000,
and one unsheathed $3,775,000.— V.
67, p. 126.
New York & New Jersey (Bell) Telephone Co.— Increase
of Capital Utock.—The shareholders will vote March 1 upon
a proposition to increase the authorized capital stock from
$8,000,000 to $15,000,000, the new stock to be issued from
time to time in such amounts as may be needed for extennons, etc.— V. 70, p. 479.
New York Suburban Water Co.— Foreclosure S ile.— The
sale will take place on March 4 at White Plains,
property of the Mamaroneck Water Co. will
March
V. 71,
6.
The reorganization plan was
N. Y. The
be sold on
in V. 70, p.
587.—
p. 1123.
Ogden Gas Co. of Chicago.— Security for Bonds.— The
mortgage securing the §6,000,000 new 6s due May 1, 1945,
conveys to the Farmers' Loan & Trust Co. as trustee not
only the company's present and future mains (now 22 miles
in length and shortly, it is said, to be increased to over 50
miles), franchises, etc., but also a contract as follows:
A certain contract bearing date the first day of November, 1900,
whereby the said Ogden Gas Co. agrees to sell its plant and property
In the city of Chicago on the fifth day of March, 19 4ft, to the Peoples
Gas Light * Coke Co of Chicago for the sum of $7,000,000, and all
mone.v 8 which phiill become due under said contract, which said contract has been deposited with said trustee as further security lor the
payment of said Donds.—V. 72, p. 143, 91.
People's Co-operative Ice Co. of
—A
New York.—Neto Stock
circular letter says:
Offered.
The assurances of success received by this company make it apparent that a larger capital than was originally contemplated can be »dvantageouab employed. The directors have therefore authorized an
increase in the capital stock [from $200,000] to $l,o00.000. of which
$300,000 will be 8 per cent cumulative preferred stock ^nd $-00,000
common stock; $300,000 of the preferred stock Is now offered for subscription at car, 20 per cent to be payable at time of sabecrlptlon, 30
percent in thirty days and the balance as called for on thirty days"^
notice. Shares $5 each, par value. See also V. 71, p. 290.
Charles J. Ferrin Jr.
is
President.—V.
71, p. 290.
February
2,
THE CHRONICLE.
1901.]
PennsylTania Furnace Co.— Reduction of Stock.—The
shareholders will vote Feb. 27 on reducing the capital stock
from |3,00l),000 to $2,100,000, the par value of shares to remain as now $100. The reduction, it is stated, will be
effected in part at least by the cancelation of treasury notes.
See last annual statement in V. 70, p. 239.
Rocky Monntain Paper Co.— Reorganization.— ^ee Denalso V. 71, p. 1273. The officers are
ver Paper above
:
;
Prepldent, Thoinai H. Savery of Wilmtngton; Vloe-Presldent, W. W.
Pusaey; Treasurer, Newell Martin of New York; General Manager,
Francis E McEaery of Denver.- V. 71, p. 1273.
San Jose Light & Power Co.— O^er.— President C. W.
Quilty has issued a circular recommending the stockholders
to give R. G. Hanford of San Francisco an option on their
stock for sixty days at the rate of $40 a share. The capital
stock is $1,000,000. The plan is to amalgamate the company
and the Electric Improvement Co.
Swift & Co.— Earnings.— The net profits for the year
245
^ht ^ommzxcml "^imzs.
COMMERCIAL EPITOME.
Friday Nioht, Feb. 1, 1901.
Irregular conditions have continued to be experienced in
the commercial markets. Business in the iron market is reported as halting, pending (developments among the large
competing
steel interests.
Nevertheless the American Steel &
Wire Co. early in the week advanced their prices for their
products, and other advances, it is stated, are contemplated.
In dry goods circles the month just closed is referred to as
yielding unsatisfactory returns, particularly in the cotton
goods trade. The volume of business in the wholesale gro-
cery trade also has been the source of some complaint. Refrom the leather and shoe trade have been of a gradual
ended Sept. 29. 1900, are stated as $1,919,622; 7 percent in ports
demand,' and in most other lines the general
broadening
balance,
surplus,
dividends on $20,000,^00 stock, $1,400,000
for year, §519,62^. The total distributive sales for the year situation is considered favorable. A feature of the week was
are stated as about $170,000,000, against $160,000,000 in the corner in cotton for January delivery at New York,
1898-99.— V. 72, p. 187, 135
forcing prices to an abnormally high basis and attracting a
Tripler Liquid Air Co. of New York.-Incorporated.— large quantity of cotton to tbis market. Weather conditions
This company was incorporated at Trenton, N. J., on Jan. throughout the country have been more seasonable.
30 with $2,000,000 authorized capital stock. This is a subLard on the spot has received only a limited amount of atsidiary company operating under license from the Tripler tention, but with offerings light prices have advanced, closLiquid Air Co. of Arizona, which see, V. 71, p. 1234, V. 70, ing steady at 7-75c. for prime Western and 7-2.5c. for prime
Refined lard has been firmer but quiet, closing at
p. 1000, 850, 433,
city.
Speculaiion n lard for
7 85c. for refined for the Continent.
Consolidation.—
0.—
Liverpool,
United Power Co. of East
in the week prices
quiet.
Early
been
has
delivery
future
This company has been incorporated with $900,000 capital
large receipts of swine, but closed
under
reacted
advanced,
Railway
Co.
Liverpool
of
East
the
stock as a consolidation
and the Ceramic City Light Co. The Incorporators are: steadier,
DAILT OLOBIMQ PBI0E8 Or IaJlBD rDTn&E8.
Louis W. Healy, J. H. Brooks, George O, Anderson and WilMan.
Wed. Tkun.
8at.
Tuet
Fri.
liam F. Hallstead.
7-80
7*70
7 70
7 80
January
7-67
7'75
United States Bobbin & Sliuttle Co.— First Dividend on February
Business in pork has been limited to jobbing sales, but
Common. Tne company has declared its first dividend on
the common stock, 13^ per cent payable Feb. 1. The usual prices have held steady at $13 75@14 50 for mess, $15@t5 50
quarterly dividend on preferred stock will be paid at the for family and $14@17 for short clear. Cut meats have had a
moderate sale and prices h^ve been fairly wHl maintained,
same time.—V. 71, p. 1074.
closing at 5%@6c. for pickled shoulders, 8%^@9i/^c. for pickled
Bonds
Offered.-W.
J.
Yau Wert (Ohio) Gas-Ligiit Co.—
Hayf 8 & Sons are offering at 101 and interest $75,000 of jthis bams and 1%@%%c. tor pickled bellies, 14(310 lbs. average.
company's $100,000 five p-r cent $1,000 first mortgage gold Beef has been quiet but steady at$8@9 for mess, $9 75@10 50
bonds, due July 1, 1919. The gas company, it is stated, has for packet, $11@11 50 for family and $14 25@15 00 for extra
been in suceessful operation since its incorporation, Feb. 2, India mess in tcs. Tallow has been steadier, closing at 5c.
1881.
The capital stock is $100,000, and under the laws of Stearines have been quiet and easier, closing at 8@8i^c. for
Ohio the stockholders are liable to double the amount of lard stearine and 7i^c. foroleo stearine. Cotton-seed oil has
their stock.
'Net earnings last 12 months, $9,220 total, in- been dull but steady at 31i^@32c. for prime yellow. Butter
has had a moderate sale at unchanged prices, closing at 15@
terest charge, $5,000 surplus revenue, $4,220."
for creamery. Cheese has been in fair demand and
Women's Hotel Co. of New York City.— Pwrc/iase.— The 22c.
steady at 93^@l2c. for State factory, full cream. Fresh eggs
building
piece
of
for
proposed
a
has
purchased
its
company
have been firmer, closing at 21@213..^ for prime Western.
property having a frontage of 75 feet oa both 29th and 30th
Brazil grades of coffee have been dull. The distributing
of
Madi-on
Avenue.
streets and located about 100 feet east
business has been small, the consuming trade operating on a
The building, it is expected, will cost $600,000 and the site
hand-to-mouth basis, and importers have found a slow sale
$2.0,000,- V. 70, p. 692.
for invoices.
The movement of the Brazil crop has been
unusually large for the season of the year. This factor has
—Albert Loeb
Co. offer to investors at market price, checked trade and depressed prices. The close was steady
which is now about 97 and accrued interest, the St. Louis at OJgC. for Rio No. 7. West India growths have been duU
Southwestern Railway Co. first mortgage 4 per cent gold and easier, closing at ^%(o.^%c. for good Cucnta.
East
bonds, being an absolute first lien of only $16,500 per mile on India growths have been dull. Speculation in the market
said road, which has earned for the six months ending Dec. for contracts has been moderately active.
The continued
31 last, the first half
of its current fiscal year, more large crop movement has prompted selling by tired speculathan double the interest on these bonds for the entire year. tive holders and prices have declined. The close was steadThe bankers state that the indications are that in the pres ier. The following are the closing asked prices
ent year the St. Louis Southwestern will earn in addition to Feb
5-400. May....
5'55o. Sept
6"75e.
5'45o. June
5-60o. Oct
5-80e.
the fixed charges on the first mortgage the full interest on March
6*950.
April
5650.
Deo
July
5-50o.
the second mortgage and the preferred stock, and a divi
Raw sugars have been in active demand and a large busidend on the common stock.
ness
has been transacted at 4^c.for centrifugals, 96-deg. test,
The semi-annual statement of the Union Discount Co. of
London, Limited, has come to hand, and will be found in this and 3^c. for muscovado, 89-deg. test. The close was firm.
issue of the Chronicle.
From the profits for the half-year Refined sugar has been in moderate demand and steady at
a dividend has been declared at the rate of eleven per cent 5'50c. for granulated. Teas have been firm. Other staple
per annum, calling for $200,250. The reserve fund was groceries have been steady.
Kentucky tobacco has been quiet, with unimportant
increased $50,000, and $155,980 was carried forward to the
changes
in prices.
Seed leaf tobacco has had only a small
next account. The capital stock of the company is $7,500,000,
on which one- half, $3,750,000, has been paid up. The reserve sale, but prices have held fairly steady. Sales for the week
400 cases 1899 crop. Zimmer.^,
fund now stands at $1,850,000. The Union Discount Co. have were 1,350 cases, as follows
a standing card in the Chronicle on page 111, in which they 14@l6Mc.; 200 cases 1899 crop, Gebharts, 13c,; 300 cases lfc99
crop. Wisconsin Havana, 12c.; 150 cases 1900 crop, Connectikeep revised by cable the rates they allow for money.
cut Havana, forced sweat, 30@8('c., and 300 cases 1899 crop,
J. S. Bache
Co., 66 Exchange Place. New York, have Pennsylvania
broad leaf, 12@12i^c.; also 800 bales Havana
issued a pampblet of 135 pages, entitle! " American Indusat 35@80c. in bond and 200 bales Sumatra at 51@*5c. in bond.
trials, with Special Reference to the Preferred S bares as InStraits tin has been easier, influenced by increasing supvestments." It contains descriptions of the organizafion,
plies in sight.
Business has been quiet. The close was dull
financial condition and other salient facts of thirty industrial
at 26 3C@26 30c. Ingot copper has been quiet and unchanged
securities. The object is to showjthat there are a number of
at 17c. for Labe.
Lead has sold slowly, but prices have not
industrial stocks which may be considered safe from the
changed from 4 37i^c. for domestic. Spelter has held steady
purely investment basis.
at 4@4 05c. for domestic: business has been quiet. Pi:j
Attention is called to the offering by Mes-irs. Devitt. iron has been quiet and unchanged at $13 00@16 50 for doTremble & Co., Chicago, of the first mortgage 5 per cent mestio.
bonds of the Jacksonville, 111.^., Gas Liaht & Cake Co. The
Refined petroleum has advanced, closing at 7"60c. in bbls,,
company operates under franchises which are perpetual, and 5-05C. in bulk and 8'65c. in cases. Naphtha unchanged at
has paid regular dividends for many years. The earnings 9'55c. Crude certificates luve been neglected. Credit balfor a series of years will be found in the advertisement, and ances have advanced to $1 20. Spirits of turpentine has been
show a large surplus over the interest requirement.
Rosins have weakened to
steadier, closing at 403>^@41c.
Farmers' Loan & Trust Company are paying divider ds $1 65 for common and good strained, closing quiet. Wool
on a number of securities, list of which will be found in has had a limited sale, but at irregular prices, Hope have
been in fair demand and firm.
another column.
;
—
;
;
&
:
I
I
I
—
:
—
—
—
&
.
.
.
.
.
»
.
. .
„
.
THE CHRONICLE.
24^
LSI II.
[Vol.
COTTON.
In addition to above exports, our telegrams to-night also
<ive us the following amounts of cotton on shipboard, not
Friday Night, February 1, 1901.
cleared, at the ports named.
We add similar figures for
The Movement op the Orop, as indloated by our telegrj-ms New York, which are prepared for our special use by Messrs,
from the South to-night, Is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
evening the total receipts have reached 191,881 bales,
against 171,102 bales last week and 174,064 bales the previous
week, making the total receipts since the 1st of Sept., 1900,
5,370,665 bales, against 4,761,039 bales for the same period of
1899-00, showing an increase since Sep. 1, 1900, of 609,026 bales
this
Beeeipti at—
Mon.
Sat.
Galveston
10,134
Bab. Pass, &o.
New Orleans.
8,127 17,380
6,783 10,583 10,326
198
626 1.556
Mobile
Pensaoola, &o.
Savannah
Wed.
rue*.
Thurt.
9,147
4,082
10,066 15,005
32
27
8,922
4,103 5,240
1,481
168
197
9,153
1,218
234
Pt. Royal,&o.
Wilmington.
833
421
366
447
117
137
1,734
3,938
2,260
2,896
3,544
2,243
1,474
1,248
13,654
203
202
405
1,672
1,213
1,307
1,924
1,072
9,446
8,629
2,i09
267
117
Wash'ton.&o
725
666
1,821
1,042
2,108
1,509
2,469
52
60
17
Baltimore
Philadel'a,
Ac.
802
90
476
Tot.thlB week 28,732 31,170 39,491 30,231 45,447 16,810 191,881
The following shows the week's total receipts, the total since
Septil,1900 and the stock to-night, compared with last ye,^i.
1899-1900.
1900-1901.
Receipts
Feb. 1.
t/O
Tkit
week.
Since Sep.
1,
This
week.
1900
Stoek
Since Sep.
I, 1899.
1900
1901.
Qalveston
174,303
58,200 1,477,003 47,615 1,406,829
4.062
31,023
2,735
58,477
New Orleans 84.833 1,761,864 72.570 1,283,316
101,367
2.503
Mobile
7.507
153,468
3.922 103,302
3,303
P'saoola.&o.
96,770
Savannah... 26.343 794,2S3 35,920 776,674
75 490
1.481
Br'wiok.&o
6,153
77,905
2,763 196,177
Charleston.
9,484 192,252
117
701
P.Boyal.&o.
1.212
Wilmington
3,938 222,370
9,099 229,596
507
18
713
Wash'n, &o.
13,654 298,407 14,587 288,394
Norfolk....
406
30,230
N'portN.,<ke
3,306
20,833
71,IH4
22.265
9,446
730
New Yotk..
8.629
148,322
2,304
56,462
Boston
43,845
743
64,184
Baltimore
2,109
14,580
476
1,371
32,289
Phlladel.&o.
-
180,624
Sab. P., &o.
398,037
42,164
113,868
7,250
11,013
134,231
1,312
23,741
9,236
16,089
™-
•b
......
c-
27.293
7C0
147,848
70,000
17,051
2,855
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Beeeipta
at—
Oalves'n.ato
84,433
87,831
26,063
184
20,795
191,881
217,451
176,413
223,128
Savannah
Ohas'ton, Ac
Wllm'ton, &c
.
Norfolk
N. News, &o.
405
All others...
Since Sept.
l
1897.
1898.
37,630
51,191
4,859
27,653
5,109
3,276
12,132
1,170
33,393
Mobile
wk
1899
50,350
72,570
7,507
36,9^0
9.484
9,117
14,587
3,306
14,610
62,262
64,833
2,503
25,343
2,880
3.938
13,654
New Orleans
Tot. this
1900
1901.
1896.
18,664
39,275
5,175
18,510
4,930
2,392
5,476
15,452
46,710
7,058
14,056
12,817
2,525
8,253
403
946
6,739
6,772
101,564
113,589
10,27 4
33,838
14,075
3,961
7,737
5370,665 4761,639 6884,135 6810,987 6641,657 4148,711
The exports
for the week ending this evening reach a total
of 160,682 bales, of which 77,333 were to Great Britain, 33,634
to France and 59,715 to the rest of the Continent, Belc
are the exports for the week and since Sept. 1, 1900,
w
Wttk anami
feb.
1,
1901.
BxvorUA tn-
Sxportt
from—
1.
1900. to Feb
NewOrieanj.
13,691
,
20,003
3.431
Pensaoola...
20.104
52.014
3.34H
3,363
25.e65
69.262
—
104
7.424
3.635
7.42
Chariestoii.
8.728
.
1,
1901.
Bxvorted to-
Oonti- 2otal
Or*at
France
France
Brit'n.
nent. Week. Britain.
Mobile
Bmnswlok
a*vt.
Qrtai
32.810
Qalveiton..
Sab. Pass, io..
Savannah
from
6,728
619.H.0 209.263
Continent.
'2oiut
30.972
69,673
327,148 1,155.511
17.363
17.3H2
418.-: 65 1.232,239
14.576
43.409
31,60i
85.544
839,165 4fi6.505
12.608
43.578
60.636
130.329
71.965
132.461
.....
690,439 223.035
28.838
39,211
133,441
11.731
23.899
10,000
1,850
Total 1900..
Total 1899.
5.'?.25l
26,0H8 195,749
39,528 237,273
842,232
789,422
New York
. .
...
Other ports
ii',o'o6
4'
1^50
"706
7,000
4,000
98,113
93,865
18,287
ti6,352 38,5 ^8
Speculation in cotton for future delivery during the first
half of the week was confined to very narrow lines, being
held in check by the developments in the January corner.
The balated short interest received a severe squeeze, their
buying to cover contracts forcing prices on Monday up to
12 '750. This figure, however, resulted in attracting a large
supply of cotton to this market. All near- by points unloaded their stock on New York, and Fall River mills took
advantage of the abnormally high prices.selling and re-shippir g their cotton to this market. The result has been that the
stock of contract cotton in Naw York ran up to 109,731 bales,
which had to be taken care of by those running the January
deal.
The trade is now interested in seeing how this stock
of accumulated cotton will be disposed of.
While the January "corner" was in force the entire market was sustained
by the high prices ruling for this delivery. Developments
generally, however, were against the market. Cable advices
reported tame foreign markets, and the movement of the
crop continued heavy, receipts both at the ports and interior towns running in excess of expectations, and comparing favorably with the receipts at this time last
year. With the culmination of the January deal the market turned weaker, and prices for futures made a moderate
decline.
To day there was a firmer market. Buying by
local and foreign shorts to cover contracts in anticipationjof a
smaller crop movement advanced prices. The close was
steady at a net gain in prices for the day of 10@15 points.
Cotton on the spot on Monday advanced to 12c. for middling
uplands Thursday declined to lie. and to day weakened to
lie, closing quiet.
The rates on and oS middling, as established Nov, 21, 1900,
by the Revision Committee, at which grades other than
(ulddling may be delivered on contract, are as follows.
Fair
..........0. l^eon strict Good Mid. Tinged. 0. 3,g on
aiddUng Fair
Good Middling Tinged
Hi on
Even
i^ off
itrlot Good Middling
^ on Middling Tinged
B^gon Strict Low MiddlingTlnged as off
aoodMiddllng
itrlct Low Middling
Sieofl Middling Stained
^ ofl
LOW Middling
'igoff Strict Low Mid. Stained... lis ofl
Strict Good Ordinary
l^ofl
% off Low Middling Stained
Good Ordinary
liigofi
On this basis the official prices for a few of the grades f cr
the past week Jan. 26 to Feb. 1— would be as follows.
—
mom TueH Wed
UPLANDS.
Sat.
iood Ordinary...
95.6
jOw Middling....
915,, lisie
«lddllng
10%
ilood Middling...,
yilddllng Fair
liie
12
Sat.
...
b88
(-88
888
1.800
204,426
2,e88
1.300
1.30 it
16,279
127.479
3,7C0
19,979
101.668
.
Norfolk
N'port N., &o.
New York.
Bolton
Baltimore...
Philadelphia.
Ban Fran.. Ao..
Total..
Total. 189^.00
6.218
200
8.751
10.W9
ii.sai
11.891
6S1
581
2,618
77.333
71,120
2,818
23,634
17.006
225.564
61,636
2.060
22.»67
243.715
327,071
74,692
301
2.361
2,618
9,401
12,019
11.608
1,507
59,715 160.d8i 2,010,157 462,536 1.604,575 3,9rf7.328
58.934 147,3r10 1.288,2P4 516.082 1.576,121 3.390.467
12
12
lijSifi
125,8
115,8
105,8
12%
12%
11%
10%
niont
Tnea
WeA
Th. Frl.
ilood Ordinary.
L<ow Middling...
99ie
103,8
113, fi 113'e 113,8 103,8
1118,6 llis,e lU»lf lOiSie
aiddlhig
10»8
12'4
GK)od Middling..
yllddUng Fair...
106ie lZ9i6
1138
STAINED.
Sat.
{iOw Middling
Middling
Strict Low Middling Tinged.
'4ood Middling Tinged
8 '8
,
10
1038
99l6
10
12%
lOi'ie lz6,e
GULF.
Tk. Frl.
lOiBie 10iB,« 10i6ie 916,„
119l6 119l6 JO.,.
12^4
13
13
IOI4
11>*
1188
12
10>4
Ilia
lt»8
12
Il9i8
93,8
9iSja
10»4
109i8
12
11
Ilk
12'4
lZ9i6
13
Mon Tnes Wed
Tb. Frl.
IOI4
9»«
IH2
10 !«
1188
12
1088
11
8>a
9i«
988
10
The quotations for middling upland at New York on
1 for each of the past 32 years have been as follows,
Feb.
1901. ...0.10
8»8
1900
638
1899
1898.
5l6ie
75,8
8I4
558
8
IS97
1896.
1896
..
1894
1898.
97,6
0.
1892
1891
77,
9Bi«
1890
1889
1888
1887
1886
lOioifl
91618
1011,8
97,8
93i8
1885.
1884
1883
1882
1881
1880
1879
1878
MABKBT AND
FDTURE8
Spot Markbt
Olosbd.
Saturday
Dull at
..
14
iDull
Tuesday
Wednesday Dull
. . .
Market
0IX>8ED.
13
\5H
15'8
21%
2289
1538
261a
Sales of Spot
& Oontraot.
Ex-
Oon-
Oon-
port.
tump.
tract.
total.
adv... B'rly steady.
& irregular B'rly steady.
& irregular Easy
Thursday.. [Dull at ic. dec. Qulet&et'dy
iDuU &irr.,lc.dc Quiet &st'dy
Friday
I
C.12i6ie
10%
iDuU at 188 adv..Xialet&8t'dy
Monday
Total
1877
1876
1876
lOSie
1874
12
ll'l,6 1873
12^8
1872
919
1871
111,6
1870
0.11 »«
SALES.
Port Royal.
WllminKtori.
050
;
41,400
8,050
117,707
50.000
19.080
7,656
961,521 1,037,981
191,881 5,370,665 217,451 4,761,639
Totals
348,248
31,858
lojoib
835,259
1,481
2,763
825
1,854
3',906
17,285
60,077
11,000
33,769 13,948 35,943 20,561 22,051 126.262
121
Bransw'k,<bo.
Charleston...
News, Ac.
New York
Boston
"iso
112
7.927
4,934 11,939
3,000
Total 1901..
Charleston
Mobile
Norfolk
3,174
58,200
4,062
54,833
2,503
3 922
25,343
....
Savannah
3,261
N'p't
5,771
8,177 15'893
8,000
22,00(1
4,259
64
3,476
19,134
stoek.
Total.
330,963
114,226
102.868
11.013
27,808
17,293
145,996
86,092
Galveston
2,120
Oreat
GerOther CoastBritain Fr'nee many. For'gn wise.
Orleans.
Total
4,385
Norfolk
New
Leaving
at-
fri.
5,180
. .
ON SHIPBOARD, NOT CLEARED FOR—
Feb. 1
I
——
6
63
7,900
7,900
600
605
4,700 4,753
31,100 31,100
900
900
58 45.200 45,258
.
«
,
Febrwary
«
«
«
»
—
.
tHE CHRONICLE.
2, 1901.]
and oloelng prlcep at New York,
Iiiteriob Towns the movement— that is the receipts
since September 1, the shipments for the
week and the stocks to-night, and the same items for the
oorresponding period of 1899-1900 —is set out in detail below.
At the
for the
JulyJune—
Mabch—
AUGUST-
Closing.Range
Closing....
Closing Range
Range
OOTOBEB—
ClosingRange
Range
Closing....
Olosmg
Range
Closing....
Range
Closing Range
Closing..., Range.....
Range
Closing....
Oloaing....
Ran<e
Closing Range.....
JANDABT—
Februabt—
DBOEHBEB-
NOVEMEBB-
week and
Septembbb-
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"Visible
to-nigiit,
cable and telegraph, is as follows. Foreign stocks, as wel)
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
(Feb. 1), we add the item of exports from the United States,
including in it the exports of Friday only,
1900
1899.
1898.
1901
Stock at Liverpool
bales. 747,000
669,000 1,756,000 1,050,000
Qtock at London
12,000
2,000
4,000
4,000
Total Great Britain Stock. 759,000' 671,000 1,760,000 l,0o4,000
Stock at Hamburg
13,000
18,000
19,000
7,000
Stock at Bremen
267,000 252.000 365,000 346,000
Stock at Amsterdam...
3,000
1,000
3,000
Stock at Rotterdam
300
200
300
200
Stock at Antwerp
-...
4,000
4,000
9,000
8,000
Stock at Havre
136,000 265,000 332,000
255,000
Stock at Marseilles
2.000
4,000
4,000
4,000
Stock at Barcelona
67,000
58,000
82,000
53,000
Stock at Genoa
28,01
45,000
45,000
52,000
Stock at Trieste
12,000
3,000
6,000
3,000
Total Continental stocks
528,200 677,300
849,200 721,300
Tetal European stocks
1,287,-JOO 1,348,300 2,609,200 1,776,300
India cotton afloat for Europe 108,000
26,000
44,000
90,000
Amer. cotton afloat for E'rone. 498,000 440,000 680,000 684,000
BKTPt,Brazll,&o.,attt.for E^pe
32.000
63.000
3,000
36,000
StooE in Alexandria, Egypt... 176,000 203,000 276,000 27H.00O
Stock In Bombay, India
383,000 330,000 340,000 230.000
Stock In United btates ports.. 961.251 1,037,981 1.026,695 1,299,999
Stock In U. 8. Interior towns.. 752,962 693,030 599,918
569,251
United States exports to-day.
50,487
25,741
39,746
33,604
Total visible supply
4,248,900 4,167,052 5.697,559 4.965,154
Of the above. totals of American and otker desorlpnons are as follows:
'
05
M
""
American-
666,000 546.000 1,643,000 928.000
494.000 644,000 801,000 686,000
American afloat for Europe... 498,000 440,000 680,000 684,000
TTnlted States stock
961.251 1,037.981 1,026 695 1,299.999
ITnlted States Interior stocks. 752,962
693.030 599,918
569,251
United States exports to-day..
50,487
25.741
39,746
3.^,604
Total American
3,423,700 3,386,752 4,7aO,359 4,200,854
Batl Indian, Bratil, He.—
Liverpool stock
81,000 123,000
113.000 122,000
London stock
12.000
4,000
2.000
4,000
Continental stocks
3i,300
34,200
33,300
48,200
India afloat for Europe
44,000
108.000
26.000
90,000
Egypt. Brazil, &o.. afloat
32,000
53,000
63,000
36,000
Stock In Alexandria, Egypt... 176,000 203,000 276,000 276,000
Stock In Bombay, India
383,000 330.000 840,000 230.000
Total East India, Ac
826.200 780.300 907,200 764.300
Total American
.3,422,700 3.386,752 4,790,369 4,200,8^
Total visible supply ..
4,248,900 4,l67,0o2 5,697.559 4,965,164
Middling Upland, Liverpool.
3 1; ad.
S8,2d.
61!>s9d.
4%d.
Middling Upland, New York..
8I40.
5161,0.
lOo.
66i«0.
Egypt Good Brown, Liverpool
63,, d.
47,6d.
8»ied.
Peruv. Rough Good, Liverpool
77, gd.
6",8d.
63^d.
7 "ad.
Broach Fine, Liverpool
36,6d.
5381,
49,6d.
313s2d.
rinnevelly Good, Liverpool...
45,6d.
S'ssd.
87ied.
51, ed.
bales.
.
Continental imports past week have been 14^,000 bales.
The above figures indicate an inarease in 1901 of 81,848
bales as compared with same date of 1900, a loss of 1,448,659
bales from 1«£9 and a decline -* 716,254 bales from 1898.
oi
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o
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The above totals show that the interior stocks nave detreased daring the week 24,375 bales, and are to-night 59,932
bales more than at same period last year. The receipts at all
towns have been 9,819 bales more than same week last year,
1*^
ifr.
o_
'
t.-
I
1
Overland Movement poh the Week and Since Sept. 1.—
below a statement showing the overland movement
for the week and since Sept. 1, as made np from telegraphic
reports Friday night.
The resnlts for the week ending
Feb. 1 and since Sept. 1 in the last two years are as follows.
We give
1900-1901.
February
Shipped—
Via St. LoalB .......
Via Cairo
..
,
VlaPaduoah
Via Rock Island
B^pi,
Total gross overland..........
Deduct ifiipmenls—
Overland to N. Y., Boston, Ac..
Between interior towns
Inland, Ac, from Boutk
....-
Since
Wuk.
Sept.
655,386
168,293
19,243
5,761
208
5,480
47,115
103
f06
96,9.^2;
60.73f>!
3,987
2.839
191,396
16,420
1.
615,355
157,869
8,836
11,168
176,374
107,182
190,958
49,039 1,225,899 47,8591,267,742
20,6e0!
2,4321
277,941
82,930
£0.909
2,766
Totalto be deducted....
j.
19,596
5,181
1,249
6.477
6,895
10,433
Via Louisville
Via Cincinnati
Via other routes, Ac.
•
1899-1900.
1.
Week.
.•^
Liverpool stock
Continental stocks
CD05iOi^o»aaoooooOMO<toMaocoQotoowcoo^i»i^tOi^^ f^o
I
MMMM
o
w
au made up Dy
^
1^
05
25,858
Leavlngtotal net overland*
28,181
Including movement by rail to Canada.
5,148
4,920
2,933
175,200
57,639
64,259
391,780 13,001
297,098
834,119 34,858i
970,644
The foregoing shows that the week's net overland movement
year has been 23,181 bales, against 34,858 bales for the
1900, and that for the season to date the aggregate net
)verland exhibits a decrease from a year ago of 136,725 bales.
;hl8
week in
1900-1901.
In Sight and Spinnen'
Taktng$.
Week.
Receipts at ports to Feb. 1
Net overland to Feb. l
BOQthem consumption to Feb.
1.
Total marketed
I
Since
g^pi 1
1899-1900.
Since
Week.
,
g^t. 1
191,881 5,370,665 217,451 4,761,639
23,181 834,119 34,8f8 970,644
29,000 621,000 30,000 641,000
244,062 6.825,784 282.309 6,373,233
'24,375i 708,335*37,99? 449,847
nterlor stocks In excess
Came Into sight during week. 219,687
'244,311
Total In sight Feb. 1
6,823,130
7,634.119j
spinners tak'gs to Feb. 1.. 44,5111,303,302; 83,0781.665,471
Decrease during week.
Movement into sight in previous years.
'Jorth'n
1899
1898
1897
1896
balet. 208.385
257.778
116,134
120,406
1898-99
1897-98
1896-97
1895-96
Since Sept. 1
.hales. 8.904,370
8.T 10.631
7,063.i9l
6,659,972
.
.
.
IHE CHRONICLE.
248
LX2II
[Vol.
Quotations for Middling Cotton at Other Markets. Savannah, Georqia.-We have had rain on three days durBelow are closing quotations of middling cotton at Southern ing the week, to the extent of one inch and sixteen hunand other principal cotton naarkets for each day of the week. dredths. The thermometer has ranged from 32 to 66, averFeb. 1.
Wednet.
New Orleans
Tuet.
9^
97,8
95,8
939
938
938
95ie
95lfi
97i9
938
^^«
938
938
91fl
9»fl
9»«
9o,a
97,8
9:%
939
958
Mobile
Savannah...
Chai-leston.
Wilmington.
Norfolk
Memphis
91fl
Louis
9^
Augusta
Houston
Olnolnnatl
9»fl
9ifl
.
Louisville...
9^
938
914
9ifl
9ifl
938
938
12
12
if12
12
12
I214
958
I214
I214
III4
9»9
97,«®1«
9^
9%
9^
1014
97i8
97ie
10
^>
988
»88
9*8
958
9ifl
9^
958
958
97.6
908
988
The closing quotations to-day (Friday)
10
93^"
988
958
Jan. 31,
9^
Atlanta
Charlotte
9%
Oolombus. Ga.
9
93
«
NashvlUe......
|
I
Little Rock....
9
I
Montgomery...
93,8
Natchez
Raleigh
Shreveport
9^
9H
9^
9H
878
advices
to us this evening from the South indicate that the v;eather
has been fairly eatisfactory during the week. There has been
rain in most localities, but the precipitation was as a rule
some
Preparation of land for the text crop
districts.
is
—
—We
have had rain on one day of the week,
Abilene, Texas.
the rainfall reaching two hundredths of an inch. The thermometer has averaged 43, ranging from 24 to 62.
Corpus Christi, Texas. Ram has fallen on one day o'f the
week, to the extent of two hundredths of an inch. The thermometer has ranged from 44 to 76, averaging 60.
Palestine, Texas,— It, has rained on one day of the week,
the rainfall being too small to measure. Average thermomter 60, highest 72. lowest 28.
San Antonio, Texas. We have had rain on one day of the
week, to the extent of one hundredth of an inch. The thermometer has averaged 56, the highest being 76 and the low-
—
—
est 36.
—There has been no rain during
the week. The thermometer has averaged 57.
Shreveport, Louisiana. — We have had rain on two days
New
5-8
111
16-1
7
Above zero of gauge.
Above zero of gat ge.
Above zero of gauge
Shreveport
Vicksburg
9-8
2-6
58
220
20-7
In Europe.— By cable
received the substance of Mr. Ellison's first of
January cotton review, and in our editorial columns give the
results and some suggestions respecting them.
we have
Orleans, Louisiana.
Movement prom all Ports.—The
India Cotton
receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Jan. 31, and for the season from Sept. 1
to Jan. 31 for three years have been as follows:
under way in
Galveston, Texas. We have had rain on one day of the
week, the rainfall reaching one hundredth of an inch. The
thermometer has averaged 56, the highest being 68 and the
lowest 44.
7-9
Cotton Supply and Consumption
S's
Weather Reports by Telegraph.— Telegraphic
light.
Above zero of gauge.
Memphis. ............. .Above zero of gauge.
NashvlUe........
t
Feet.
Feet.
New Orleans
988
338
at other importai
Ooiumbus.Mlss
Eufanla
I
Feb. 1, '00.
'01.
97,8
Southern markets were as follows.
Athena
—We
—
938
f.>
9l8
9>4
48.
Charleston, South Carolina.
have had rain on two days
during the week, to the extent of fifty-six hundredths of an
inch. Average thermometer 31, highest 58 and lowest 27.
Stateburg, South Carolina.
We have had rain on two
days during the week, the rainfall being fifty five hundredths
of an inch. The thermometer has averaged 41 5, the highest
being 54 and the lowest 25.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
3 o'clock Jan. 31, 1901, and Feb. 1, 1900
Fri.
11
1038
9^8
.
1088
9»8
St.
95,8
97,8
938
lOie
.
Philadelphia
Thuri.
Mon.
Batur.
Galveston...
Boston
Baltimore
aging
0LO8INO QDOTATIOH8 FOB MIDDLIHQ OOTIOM OH —
Week ending
1900-1901.
Receipts at—
1899-1900.
Since
Wetlt.
Bombay
650,000
91,000
Since
Week.
Sept. 1.
1898-1899.
528.000
34,000
For the Week.
Since
Week.
Sept. 1.
Sept. 1.
77,000
685,000
Since September
1.
Exports
from—
Great
Great
Britain.
Continent.
Total.
3,000
9,000
45,000
3,000
9,000
45,000
26,000
2,6d6
193,000
26,000
130,000
219,000
26,000
132,000
1,000
1,000
1,000
1,000
2.000
1,000
2,000
8,000
6,000
13,000
10,000
7,000
15,000
7,000
9,000
1,000
14,000
16,000
1,000
16,000
26,000
12,000
48,000
34,000
12,000
52,000
Britain.
Continent.
Total.
Bombay—
1900-01..
1899-00..
1898-99..
Calcutta—
1900-01..
1899-00..
1898-9^..
Madras—
1900-01
1899-00
.
.
1898-99..
All
2,006
otherR—
1900-01..
1899-00..
1898-99..
1,000
2,606
1,000
8,000
2",006
4,606
during the week, to the extent of nineteen hundredths of an
inch. The thermometer has ranged from 28 to 66, averaging Total all—
5,000
4.000
43,000
236,000
1900-01..
279,000
1,000
January rainfall, two inches and eighty-nine hundreths.
52.
1.000
10.000
10,000
45,000
46,000
1899 00..
Columbus, Mississippi. Rain has fallen on two days of the
10,000
205,000
1898-99..
47,000 47,000
215,000
week, to the extent of twenty nine hundredths of an inch.
According to the foregoing, Bombay appears to show an
Average thermometer, 41, highest 58, lowest 25.
increase compared with last year in the week's receipts of
Leland, Mississippi.— It has rained during the week, the
57,000 bales. Exports from all India ports record a loss
precipitation being one inch. The thermometer has averof 5,000 bales during the week and since September 1 show
aged 48'7, the highest being 65 and the lowest 25.
—
—
Vicksburg, Mississippi. The usual preparations for planting are in progress, but labor has been demoralized. There
has been rain on two days during the week, the precipitation being twenty-four hundredths of an inch. The thermometer has averaged 50, ranging from 29 to 68.
Helena, Arkansas. Not much progress with farming.
have had rain on two days during the week, the rainfall
reaching seventy-four hundredths of an inch. The thermometer has ranged from 24 to 58, averaging 35. January
rainfall, two inches and sixty-two hundredths.
Little Rock, Arkansas.
There is still some cotton to pick on
—
We
—
We
river lands. Plowing has been commenced.
have had
rain on three days during the week, to the extent of fifty
hundredths of an inch. Average thermometer 41, highest
59 and lowest 23.
Nashville, Tennessee. Rain has fallen during the week, to
the extent of fifty- five hundredths of an inch. The ther-
an excess of 233,000 bales.
Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. Davis,
Benaohi & Co., of Liverpool and Alexandria, we now
receive a weekly oable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding
week of the i>revious two years.
Alexandria, Eaypt,
January
30.
Receipts (oantars*) . .
This week...........
Since Sept. 1
31,
the highest being 44 and the low
est 18.
Memphis, Tennessee.—There has been rain on three days
the past week. The rainfall reached fifty-two hundredths of
an inch. The thermometer has averaged 43'5, ranging from
25-8 to 55.
Mobile, Alabama. Some progress is being made with preparations for planting. We have had rain on two days during
the week, to the extent of fifty- six hundredths of an inch.
The thermometer has ranged from 33 to 70, averaging 60.
January rainfall, four inches and sixty-two hundredths.
Montgomery, Alabama. An increased sale of mules and
There has been rain on two days
fertilizers is reported.
during the week, the precipitation reaching forty-seven hundredths of an inch. Minimum temperature, 47, highest 62,
—
—
average 31.
Selma, Alabama,— We have had rain on two days during
the week, to the extent of forty hundredths of an inch. The
thermometer has averaged 45, the highest being 57 and the
lowest 23.
Augusta, Georgia, There has been rain on two days during
the week, the rainfall being one inch and twenty hundredths.
The thermometer has averaged 42, ranging from 29 to 56.
—
1899-1900.
60,000
3,667,000
195,000
5.318,000
Since
Thi$
week.
—
mometer has averaged
1900-1901.
BzportB (bales)—
l?o Liverpool
To Continent t
t
TAif
week.
150.000
4,473,000
Since
Sept. 1.
8.000 197,000 15.000 284,000
3,000 142,000 13,000 251,000
Since
This
week.
Sept.!.
7,000 187,000
5,000 174,000
11,000 339,000 28,000 535,000 12,000 361,000
Total Etirope
'
Sept. 1.
1898-1899.
Aoaniarls98 pounds.
>f which to America In 1900-1901, 27,108 bales;
in 1899-1900,
56,157 bales: in 1898-99. 22,502 bales.
Manchester Market.— Our report received by
to-night from Manchester states that the
cable
steady
for India is
market
is
The demand
for both yarns and shirtings.
We give the prices for to-day below and
improving.
leave those for previous weeks of this and last year for
comparison.
1899-1900.
1900-1,901.
32< Cop.
8I4 Ibt. Shirt- Oott'n
ingt, common Mid.
Twitt.
to finest.
d.
8.
d.
Dc.28 838 ©938
Jan. 4 8i« ®9ifl
" 11 8^ 0938
" 18 8>fl 0938
" 25 8^ »938
5
5
d.
Feb.
1
8'16t»938
8.
5
'»8
5ifl®8
6
6
5
6
6
5
6
6
®8
©8
188
©8
d.
lia
lifl
1^2
Uplds
Tioist.
d.
51B,S9
A.
A.
8I4 lbs.
inffs,
SMrt- Oott'n
common ma.
Upldt
to finest.
8.
d.
8.
d.
4 11
51732 7iib'a'7i'ia 4 11
»7
«7
8
51932 7i,8a>7iii8 5
5
51632 718
1»7
9
Ha 5^
II3
82s Cop.
7iia©758
©7^
714 3779
51^32 738 ©S
8
«7 9
5
li«t»7 10»«
5
2
«8
A.
414
41833
419
4i»3a
41W32
4%
Februaky
THE CHRONICLE.
2, 1901.]
—
The January Cotton Corner. The past wptk has witnPBaed aent-ational developments on the New Yoik Cotton
Exchatme as a result of the corner in the January option.
After flactnaticg between 9 -510. and 9'H2c. for nearly two
weeks, the price began to advance on Thursday, Jan. 21,
closing that day at 9-88c. On Friday it moved up to 10" 10c.
and on Saturday to 10-25c. The opening on Monday of the
current week was at lO'SOc, but under sharp bidding by shorts
the quotation bounded up rapidly, and within about an hour
12'75c. was reached or 2'55c. per pound above Saturday'^
cl08f; later there was a downward turn, the final price of
the day having been ll'df^c. Tuesday the quotation ranged
between 11 '250. and 12-50c., doting at i2c. On Wednesday
ealfs were made between 11 50@12c., and on Thursday, Jan.
31, Januiry "short notices' fiactuated between 9'75@llc., the
latter being the fical price of the month.
Cotton Consumption and Overland Movement to Feb. 1.
conseqaence of the crowded condition of our columns
this week, we omit giving the usual extensive details of the
overland movement. Below, however, we present a synopsis
for the month of January and the five months ended
Liverpool.
31, for
three years.
Jan. 11.
iales of the
week
..bales.
Gross overland for January
Gross overland for 5 mouths
Net overland for January
Netoverland for 5 months
Port receipts In January
Fort receipts In 5 months
Exports In January
Exports In 5 months
Port stocks on January 31
Northern spinners' takings to Feb. 1
Southern spinners' takings to Feb. 1
Overland to Canada for 5 months (Included In net overland)
Burnt North and South In 5 months
Stock at Noi-th'n Interior markets Feb. 1
Came in sight during January
Amount of crop in sight Feb. 1
Came In sight balance season
Total crop
Average weight of bales
222,256
1.221,851
1899-00.
1898-09
203.647
323,563
1,255,684 1,371,9,53
139,21?
196,961
960,241
9C0.103
759,021
929,538
4,701,904 6,790,371
747,746 1,045,133
3330,939 5,268,274
126,360
834,056
795,182
5,353,855
764,242
3 952,532
1,003,135 1,037.853 1.093,088
1,239,394 1,650,254 1,523,930
617,000 632,010 570,000
73,941
59,028
10
14,372
14,956
7,500
984,542 926.233
7,516,911 6,761,145
2,678,411
9,439,559
511-40
507-78
Forwarded
Total stock— Estimated
Of which Auierloan— Est'd.
Total Import of the week
Of which American
afloat
513-26
—
JuTE Butts, Bagqino, Etc There has been a very dull
market for jute bagging the past week. The ruling quotations this evening are 5}qQ. for 1^ lb. and 63^c. for 2 lb.,
standard grades.
Car-load lots of standard brands are
quoted at <i%@^%c., f. o. b., according to quality. Jute
butts also dull, with prices nominal at l%c. for^paper quality
and l-50@2'45c. for bagging quality.
—
SHiPPiNQ JNEWS. As showD on a previous page, the
exports of cotton from the United States the past week have
reached 160,682 bales. The shipments In detail, as made up
from mall and telegraphic returns, are as follows:
New York—To Liverpool, per steamers
Total bale*.
Cale-
Bovlo. 1,151
donian (additional), 1,114. ..Qeorgic (additional), 2,000
Iberian, 567
To Hull, per steamer Toronto, 267
To Manobester. per steamer Qrangense, 1,077 upland and
42 Sea Island
To Havre, per steamerLa Gascogne, 200 Sea Island
To Bremen, per steamer Karlsruhe, 1,966
Lahn, 244
To Hamburg, per steamer Pretoria. 172
To Rotterdam, per steamer Rotterdam 500
To Genoa, per steamer Hoheuzollern, s03
To Naples, per steamer HohenzoUern, 66
Kbw Dbi.wans— To Liverpool— Jan. 28- Steamers Costa Rloan,
2.493; Mira, 4.301
4,832
267
1,119
-.(OO
2,210
17i
500
803
66
6,784
To Uelfast— Ian. 31-Steamer Rathlin Head, 5,000
5,000
To Hull— Feb. I— Bteamer Aleppo. 1,800
1,800
To Havre-Jan. 29 - Steamer Montauk, 9,398
Feb. 1—
Steamer Imaum, 6,730
16,128
To Dunkirk -Jan. 25-8ceamer Africa, 3,875
3.875
To Bremen— Jan. 25 Steamer Andoni, 3,248
3,248
To Hamburg—Jan. 29— Steamer Bogstad, 969
969
To Antwerp—Jan. 25— Steamer Loango, 40
40
To Genoa-Jan. 31— Steamers Dlnnamare, 11,412; Otoyo,
8,»46
20,358
To Vera Cruz -Jan. 28— Steamer Atlas, 1,050
1,060
Galveston— To Liverpool-Jan. aS-Steamers Hermes, 5,041;
Maria, 2.938....Jan. 3l-8teamer Irada, 14.872
22,851
To Manchester- Jan 25— Steamer Maria de Larrinaga,
9,9o9
9 959
To Bremen -Jan. 25— Steamer'Osborne! 1*2,70 V.V.Vjan." 30
—steamer Claudius, 4,307
17,008
ao- Steamers Claudius, 1,575'; Leander,
'"'oE.'*'"'^"''*''"'^*"8j6
2 411
^,685""."
To Rotterdam -Jan. 25 Steamer
685
SABrNE Pass-To Hamburg- Jan. 31- Steamer Forest Holme,
1,250
12.50
To Kotterdam-Jan. 28-SteameV Fre8hfleid!"l,76b.'.."I!!II! 11700
O0KPD8 CHKi8Ti,&c.-To Mexico, per railroad, 4 13
413
fBNSACOLA— To Havre-Jan. bO-Steamer Ursula Bright, 3,431 3,431
To Genoa— Jan 26-8teamer Scaro Fell. 1 04
104
BAVANNAH— To Manchester -Jan. 25— Steamer Framtleld,
7,220 upland abd i04 Sea Island
7,424
OHARLESTO.N-To Barcelona and Genoa—Jan. 31-8teame"r
"
.'
_
Daventry, 6,728
NOBFOLK-To Liverpool-Jan. 29-8teame'r Lugano, '888.V.'.'.V
Nbwport NEW8-T0 Liverpool-Jan.
31-8teamer
,
1,309
BO8TON-T0 Llyerpool-Jan.
6 728
888
1309
2'2"-8teame'r'winifrert'la"nr5','y6'3
Jan. 25-8teamer Michigan. 4-2t>.... Jan. 29-Steamer8
Cesirlan, 4,38.; Nevr England, 1,820
11,891
_..
BALTIMORE To Uvcrpool- J an. 18- Steamer Vedamore, 581..
PORTLAND, Me.— To Liverpool-January- steamers Cambrian,
b4i; Corinthian, 790; Dominion, 650; Tumsian, 536-....
Total
581
ltO.682
-
90.000
0,000
604,000
93,000
86,000
259,000
227,000
6>-
Jan. 25
49.000
1,700
Feb. 1.
40,000
1,300
43,000,
1,700|
400
300,
600
45,000
7,000
75,000
6 €8,000
591,000:
s-^.ooo
36,000
1,000
63,000
747,000
660,000
125,000
107,000
225,000
195,000
10,000
57,0(i0l
6<1,000
620,000
91,000
81,000
70,000'
60,000,
283,0O0l
253,0001
275,0001
Market,
1:46 P. M.J
Sales
Spec. <bezp.
Futwei.
Market,
1:46 P. M.
Market,
4 p. M.
Tfiurtd'y
Friday.
Qaiet
Moderute
demand.
Dull.
Moderate
demand.
Fair
business
doing.
51B.2
57,e
57ie
4,000
7,000
6,000
7,000
6,000
8,000
400
500
300
£00
300
500
Quiet.
51a
Qniet at
i
1-til
@ ii-64
Barely
Qniet at
steady at l.t>i(a2-64
J
advance.
1-64 dec.
decline.
I
Ea87.
Irregular.
Steady.
539
513.32
Quiet at
Qniet at
Steady at
1-64 docllne.
1-64 decline.
Dartialiy
l-«4 dec.
Steady.
Quiet.
S
Very
steady.
The prices of futures at Liverpool for each day are given
oelow. Prices are on the basis of Uplands, Low Middling
clausp. unless othfir-w^lsfi stated.
mon.
Sat.
Jan. 26. Jan. 28.
Tnes.
XTed.
Tbar«.
Jan. 29.
Jan. 30
Jan. 31
Prl.
Feb.
1.
121s 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
JmyAug.... 5 10
Aug. -Sept... 4 61
Sept ,L.M.O. 4 60
Oct., G. 0.0. 4 40
Oct. Nov.... 4 32
d.
d.
d.
d.
5 23 5 21 5 22
5 22 5 20 5 21
5 19 5 17 5 18
5 17 5 15 5 16
5 15 5 13 5 14
5 13 5 12 512
10 5 11 5 09 5 10
SOS 5 08 5 08 5 07 5 07
4 60 4 58 4 59 4 58 4 58
4 60 4.^8 4 59 4 58 4 58
4 38 4 37 4 37 4 36 4 37
431 4 30 4 30 4 29 4 30
5 25 5 25 5
5 24 5 23 5
5 21 5 20 5
5 18 5 18 5
&.prtl-May.. 5 17 5 16 5
May- June... 5 15 5 14 5
June-July... 5 13 512 5
January....
Jan.-Feb
Peb.-Moh...
Mch.- April..
23
21
18
16
14
13
d.
5 21 5
5 20 5
5 1716
5 1215
5 13 5
5 12 5
5 09 5
5 07 5
d.
d.
20 5 16
d.
5
1»
16
14
12
10
07
5 16 5
5 13 5
5 11 5
5 09 5
5 07 5
5 05 5
05 5 02 5
4 584 56
4 58 4 56
4 37 4 35
4 30 4 58
4 54 4
4 54 4
4 34 4
4 27 4
d.
d.
16
16 5"l8 5 26
13 5 15 5 17
11 5 13 5 15
Ofl 5 11 5 13
08 5 09 5 11
06 5 07 5 03
03 5 04 5 06
55 4 56 4 58
55 4 56 4 58
33 4 36 4 37
2t) 4 29 4 30
BREADSTUFFS.
Friday.
Feb. 1, 1901.
Locally there has been a dull, dragging market for wheat
flour.
At the close of last week there was a temporary
hardening of values following an advance in wheat. This
improvement, however, has not been maintained. The buying has been confined almost to car-load lots, and these sales
have been possible only at concessions. There has been practically no export demand.
City mills have had a limited
jobbing sale at unchanged prices. Rye flour has been in
slow demand; quoted prices have not changed. Only small
jobbing sales have been made of buckwheat flour, but values
nave held to a steady basis. Corn meal has had a fair sale
for export at steady prices.
Speculation in wheat for future delivery has continued
without spirit, with prices showing a gradual sagging tendency. The long interest acquired during the advance in
the closing days of last week has been gradually liquidating,
discouraged over the failure of prices to advance unless
forced upward by aggressive bull speculation. At the opening of the week the cable advices were disappointing, reporting weaker European markets, influenced by reported large
Russian shipments of wheat. The world's shipments for the
week Were in excess of general expectations. Advices from
the Northwest reported farmers' deliveries increasing, the
tffect of the advance in prices and more favorable weather
conditions reported in the winter- wheat belt.
During
the week tame foreign advices and disappointing export demand operated against the market. The fact, however, that
the crop movement was running only very moderate had a
tendency to hold aggressive selling in check. The indifference shown by the importing foreign marKOts, it is claimed
by some, is due to the free offerings by other exporting
countries, and gives no indicauon, of a shortage in the
Argentine crop. Business in the spot market has been quiet,
exporters being slow buyers. To day there was a steadier
market, baaed on an improvement in the export business.
Business in the spot market was fairly active. The sales for
export here and at ontports were 36L),b00 bushels.
YORK.
DAILY OLOSIHO PRICES OP NO. 2 BED WIHTEB IN
Fri.
Tkurt.
WeH.
Tues.
Hon.
8at.
J'l^
S2a8
Siss
Oash wheat f. o. b
glijs
Sl^s
Si's
79^8
Tv^sg
8OI9
March deUvery in elev.. 81»8
eOSg
^0\
NEW
May
delivery in elev
July deUvery In elev
Sl'^a
SlOs
DAILT CL08IN0 PRICES OF
Bat.
2,618
ouov
Monday Xue$day. Wed' day
Sat'day.
Spot.
694
11235383
f
24^001
The tone of the Liverpool marfret for spots and futures
each day of the week ending F^b. 1 and the daily closing
prions of qpot cotton, havp been hp follows
Of which American
61,101
14,232
1,101,499
8,825.474
2,409,909
.=.,000
Actual export
Amount
Jan. 18
55,000
40C
1,000
49,000
bales.
Of which exporters took...
Of which speculators took.
Sales American
Mid. Upl'ds.
1900-01.
— By cable from Liverpool we nave the
ing statement of the week's sales, stooks &o,, at that nr.rt.
— In
Jan.
2.9
Jan. delivery in elev
Feb. deUvery In elev
May delivery elev
m
7514
7538
7703
81i«
fOSs
80Sh
SO^t
80^4
eCj
SOSs
SO'a
NO. 2 8PBINO IN CHICAGO.
Thuri.
Wed.
Tue*.
Mon.
74i«
To^i
73»4
"JSH
73''<8
73V|
74ia
73%
<5\
76-^
76>4
76^
80^
aO^
Fri,
.....
731*
76
THE CHRONICLE.
250
[Vol.
LXXn.
Indian corn futures have been quiet, with the tendency of extent the market is in a healthier state. Re-orders on spring
prices towards a lower basis. Statistical developments re- lines have been fair.
In the overcoating and cloaking
ported at the opening of the week were bearish. Reflecting division there has also been a fair business done, and prices
the free movement of the crop, the visible supply showed a are generally steady. Dress goods are inactive in fancies
large increase. During the week the continued free move- with a weak tone; light fabrics suitable for waists and heavy
ment of the crop, the more seasonable weather in the cora plain skirting lines monopolize the demand,
belt, favorable for improving grade, had a tendency to shake
Domestic Cotton Goods.—The exports of cotton goods
confidence among the bull interest and prompted selling to from this port for the week ending Jan. 28 were 4,130
liquidate contracts. The export business also has shown a packages, valued at |198,008, their destination being to the
tendency to fall off, and this too has its influence against points specified in the tables below
values. Cable advices also have been against the market.
1800.
1901.
Only a limited volume of business has been transacted on the
Nbw York to Jan. 28
spot market, and for the export grade of corn there has been
1.
Week.
Since Jan, 1.
Week. Since Jan.
a narrowing of the premiums over the options. This change,
67
255
however, has been due in part to the poor grade of corn now Great Britain................
81
"Ye
88
55
17
offering. To day there was a quiet but steadier market. Other Earopean. ...... ......
24,611
China...
4.046
2,625
2,354
was
market
quiet.
The sales for export here and [ndla
The spot
843
56
at outports were 45,000 bushels.
3,758
A.rabla..... ..................
"""6
"273
436
Africa
206
VAILT aU)8n{0 FRIOBB OF NO. 2 MZXBD OOBN HT NETV^
1,720
414
383
West Indies
2,283
..........
Mon. Tuet.
Wed. Thurt. Fri. Mexico.......................
Bat.
290
18
173
70
46I4
46'^8
4636
4614
46)«
0Mb oom f. o. b
46H
356
1,174
382
1,217
Central America.
..
Feb. delivery In elev
4,603
3,382
452
6,069
South America
........
44S8
45
4433
44^4
441^
44^
May delivery In elev
110
509
154
722
Other Conntrles.....
44i«
43''8
44ie
44ifl
44
July delivery In elev
44>e
8,317
38.099
DAILT 0LO8IMG FRI0B8 OF MO. 2 lOXBD OOKM IM CHICAGO.
13,727
4,130
Total
Sat.
Mon.
Tuea.
Wed. Thurg.
Fri
37V|
37%
37
se's
36%
Jan. delivery In elev
Tork exports for the vear to date
The value of the
36''8
37>9
36'8
37'8
37%
se'e
Feb. deUvery In elev
39i6 has bedn |603,045 In 1901, against $1,404,510 in 1900.
39
S9
39^
39)fi
May delivery In elev
89M
:
TORK.
New
Oats for future delivery at the Western market have been
qniet and easier. The visible supply is now nearly what it
was this time last year, and for the week showed a small inhas been fairly full and
crease. The crop movement
sympathy with the decline in other grains also had a weakening influence. There has been some selling by recent specuLocally the spot
lative buyers to liquidate their accounts.
market has been quiet and prices have been easier. To-day
the market was steady.
DAILT OLOSniO PBICBS Or OAT8
NBW^ YORK.
m
Mon.
Tuea,
Wed. TKurt.
Fri.
30ia
30^
30 H
30 14
3014
30
No. 2 mixed In elev
elev
In
33
32
wblte
32
32
2
Z\^
32
Ho.
DAILT OLOaiMO PBIOBS OF NO. 2 lOZBD OATS IN CBICA.OO.
8aL
Mon. Tuea.
Wed. Thura. Fri.
24
24
2378
23%
23%
Jan. delivery In elev
elev
deUvery
In
2538
2514
25%
26^
May
25^
25^
8at.
Bye has had a small export sale at steady prices.
has been firm bnt quiet.
Following are the closing quotations:
Barley
PI^UK.
Fine
Superfine
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, spring
(Wbeat
—
*2 20
2 30
2 40
2 50
2 90
3 40
3 90
«2 30
92 40
'92
50
»2 75
93 35
93 90
3)4 75
03 90
»4 75
Patent, winter
$3 75
City mills, patent.. 4 15
Ryeflonr,saperflne 2 90
60
Buckwheat floor.. 2 10 92 15
Oom mealWestern, eto
2 25 02 35
Brandy wine
2 35 92 40
flonr in sacks sells at prices
below tbose for
1»3
barrels.)
OBAUT.
Wheat, per bush.-
0.
0.
Com, per bnsh.—
Hard Dolnth, No.l 8838»9088
N'thern Dul., No.l 853898818
Red winter, No. 2 7938a81i«
Hard N. Y. No. 1. 878898938
Oats— Mlx'd, p. bash. 29^932
3lifl®37
White
30 931
No. 2 mixed.
No. 2 white
32 933
0.
Western mixed
44i3»49ia
No. 2 mixed
Western yellow
44ifl»48i«
45i8®46''8
45Jfla47J4
Western wMte
Bye, per bush-
Western
State and Jersey
Barley—Western
Feedlns:
For other tables a an ally slven here see
paare
..54
©ei
62
49
®73
955
9
....
is still buying heavy brown sheetings and
limited quantities only, and the market is very
irregular for spot goods. Forward business is pracrically at
a standstill. There has been some buying of heavy drills for
export to China, but this is not regarded as resumption of
general business for that market. Dacks have been in quiet
request in all weights at previous prices and brown osnaburgs are dull and easy. The orders for bleached cottons
continue limited to small individual quantities, but more
Holders decline to accept
of them are coming forward.
bids below quotations for fair-sized quantities. Wide sheetings are dull at previous prices and cotton flannels and
blankets without feature. The market is irregular, with a
moderate demand for stock goods in denims, ticks, cheviots
and other coarse cottons. Sellers are still reserved on goods
to be made. The demand for printed calicoes has been fully
up to recent average, and chiefly for staple lines and specialties, regular fancy prints figuring to an indifferent extent
only. Ginghams are dull, without change in price. Domet
fabrics for fall in fair request. The print cloth market has
ruled quiet; there have been small sales of regulars at 8%c,
per yard and of narrow odds on that baais. Wide odds are
easier at the close.
Foreign Dry Goods. Fair orders have been taken for
French fabrics of sheer character, such as crepes and nun's
Silks and ribbons are quiet
veilings; other dress goods dull.
and unchanged. Linens are firm with moderate demand.
Burlaps also firm with limited ready supplies.
The home trade
drills in
—
Importations and Ti^arelionseW^Itbdrawals of DryOooAs
S3
„
^V
SO
«
staple lines with purchases of
specialties for spring con-
ducted on a reserved scale. The gain over last week has
been slight, and for the whole month of January re
suits have fallen short of general expectations.
Prices
have not undergone any quotable change this week, and compared with those ruling a month ago they have held fairly
steady except in some makes of heavy brown and colored
cottons, in which considerable irregularity has developed.
In the woolen goods division many new lines of heavy-weight
suitings have been opened this week at prices which average
fully 20 per cent lower than a year ago.
The jobbing trade
here and elsewhere is gradually improving, and collections
i
s
r s
Si
I
•
.
•
*
•
>
:
!
11
n
o
«
bOO)
«
tOOO
10 u<
<1M
taO(0<3>V
iow
to 00
ll^CO
CO
J"
131,513
58,064 71,798 63,081
64,741
IC^CO
tOlf^
CO
tO~J
05 <I
CO
05
f
MOO
Ota
M
-409
«o to
OO"
V
"io'oo 0000
03 kC «£>»*>
l->W05Ol cO
I-"
Jft
i
lik
I
^2
*©_
toco
"cow
CO to
O>M^0oV
^COtO>-'M
p
Is o» w ta
to
05
#^00
CO
00
Ctt
l(^ CJ>
to
<!*»
Wt" — OSH"
to to to OS <l
coc
03W
r-W
'cooostoo'
"w
— CO
— COOuu
CO
03WW*>-O
01
05
OOCD
b'to
"co
CO
|C>
CO
00
00
I
i
I
r-*!
05Q0
^l'-*
«>lt^
|f^^
>-•
M -' to M
'coVitooo'c'
00 «< 03 -4 CO
lU(0^lf»il^
ee 1^01 00 CO
Hi^ooMCO
itk^OCOto
COW
WO M — to
— ^CO
M CO — OCO
tatOMOOi^
05
M
W
CO
-a
*
— OOtOO
Ol^tOQDQDW
oimVcow
tobltOCOCD
I
I
it^
I
5
<IQD
COO
...
I
05
CO
r »
CO*
MMCOl^ktO
OCDOD — CO
1^ to 00 00^
tn to I-' »3 CO
01
OOM
05
OS
MQ
l>>-OC0CnO
M
— OspjS*'
CO
MW
Vi— Vio'vO
cob M
— lf"-'<I
0-4 ^l^CO
O: CD 00 00 05
»PkCOCO V05
CO CO #k CO''
.o'—'cei-'
_Mj»_CDO:,-J
C» 05—^-1
to
CO.*-
—
OCS^IWH"!*
^qow — O
Oi^O ^00
-J«0»Ji-'--l
OSif^ — COOD
'b#'05bi''
<J -J
^ JO
>"i
>-OOC0O
05M — M_—
— co — ifi-eo
— C0 0!0;0
a 1^ W CO CO
•
tocoooco
QDMOC0<I
COR,
«k05wc;i*'«8
129.468
54,71263,014 75,158
93.020
o-c»
W
MS
©*
oS
OCOtO^OO^
^
i
I
oswosotm
CO M 00 oco
to
Mt-" tO)-"
ow
CO CO »3 05 to
C;il^<l(OCD
05 00
p;^oo
c^imODO'Qo
to CO 05 05 CO
^^
-JlB-tOt9^
<I<I
coo
COWCOll^OO
If-tCOCO —
to
24,993 13.427
00
to
l-i
05
to
<>0D
H"
COO^'OCO
«to
I
'-at
05
05
O
OOOOMWH-'
'to
o-a
at
3
W
tSQO
o
t
I
1
to
hi')-'
.
s;
o:
s;
11
St.
—
Goods. The most important of the heavy-weight
woolen and worsted suitings opened this week for next fall
have been the lines shown by the American Woolen Company
in their piece dyed and ether staples. The prices named on
these goods show, as noted above, an average decline of fully
20 per cent as compared with opening prices a year ago, and
have practically set the market for competitors. The new
prices have not brought out any rush of business, but good
Buying is being
results have been secured in some fabrics.
conducted conservatively. A year ago it was wild, with the
result that heavy cancellations followed in the early spring.
The orders taken up to date are likely to stand, and to that
•
SoI
SI
are generally reported satisfactory.
Woolen
:
e
New
Yoek, Fbidat, P. M., Feb. 1, 1901.
The excitement this week in the market for raw cotton
with the extraordinary advance in prices has not helped business in cotton goods. It has in fact proved a drawback so
far as forward business is concerned, making sellers even
more cautious than before without stimulating buyers to bid
on a higher level. Most of the business in cotton goods has
therefore been confined to meeting current requirements in
2:
giltp
§:
!2'^6.
THE DRY GOODS TRADE.
4
©a
SE
E
M.
O
I
o-a
05
—
-a
COM
to
00 CO 00
woo
COM
»qtO
<i
coM»jto-3_
M
COll^lD'^ll^
031^
05 00
tow CO 00
—
—
— W00<1
05O — <J03
CDOCOOOCO
C»
M
— ao to_*»
to'co"o^^
—MtOCOO-S
W
W
WOlOOl^tO
— to
tf'pO
COM
—
^
(^
«k
•
I
MMp^kCOM
o^io^i'm
to*-
— wcose
0050^<0
l»
JDO<O05
— 00 -J CD —
e5~joott-j
s
2
February
2, 1901.]
\7r\rt
fiW
.
THE CHRONICLE.
^tf/^wtntm.
0ITY
The aggregate of municipal bond issues sold during
the month of January was $9,240,864, not including
While this
$4,025,741 of temporary loans recorded.
total about equals the average for January of the pre
vious niie years, nevertheless, except for the
York
New
City sale of 3^ millions, Cincinnati's $1,000,000
and one or two other large disposals, the aggregate would have been quite insignificant.
issue,
Bate.
Location.
Page.
l51..Co)ltge Hill, Ohio
151. .Columbus. Oa
151. .Danville. Ky
ft9..DaBHel,
MUNICIPAL BOND SALES IN JANUARY.
251
31a
Z^
4
5
5
Minn
201..Daw8'in Co., Mont
252- -Decatur Co., Ind
252.. Decatur Co., Ind
5
l.'Sl.. El PaPO, Texas
6
53. Evaneton, Ohio
5
93..E\an8t0D, Ohio
5
201..Evan8ton, Ohio
5
201..Evan.'iton. Ohio
5
252. .Fern Bank, Ohio
252. .Flathead Co. (Mont.)
6
Sch. DlHt. No. 5
2=^2..Fort Collins. Colo
4
252.. Frankfort, Fnrt
202..Gaffney, 8. C. (2 issues) 5
413
lU
2.52. .Gallatin Co..
31^
253..0eneva, N. Y
4
151. .Geneva. Ohio
4ia
151..Gloversvme, N. Y
4
161..Glover«vllle,N. y
4
York's City's sale of $3,125,000 3 per cent lOCHaperstown. Md
6
l.'iL.Haijford, Cal
4
gold stock on January 30 1901 was the first public 253..Hazleton, Pa
5
151.. Hinckley, 111
3ifl
ofl:ering of this city's bonds bearicg that rate of in- 2?3. Hinsdale, N. H
5
202. .Hutchinson, Kan
5
terest for some years, excepting only the $30,000 issue LSI.. Jacksonville, Ore
5
151. Jacksonville, Ore
offered last November, with the expectation that they lOO.Jersey City. N. J. (3l8.) 3»9
101..KinKllsher, Okla. (2 le.) 5
would be taken by the sinking fund, but which were 202..King8ton. N. Y
4
253.. Kinsman (O.)Hoh. Dist. 6
bid in on a 2*972 per cent basis by a New York firm. 202..Lieetonla. Ohio
5
New
.
The
sale last
Wednesday resulted
awarded to E. D. Shepard & Co.,
in the
bonds being
New York
City, on
a 2*937
per cent basis— a figure that has been but
rarely exceeded.
Lucas
Co..
4ia
Ohio
3
203. Marathon, N. Y
263..Marshalito\vn (la.)Ind.
102-4039, on what was probably the lowest basis ever
The
realized by this municipality.
price paid was on
a 2-842 per cent basis.
3»fl
152. .Miner's Mills,
(Pa.)
8ch. Diet
203..Mls8onlaCo., Mont
01.. Montgomery Co., Ala..
Monterey Co., O^al
01.. Mt. Vernon. N.Y
203. Nashville. Tenn
203.. Nelsonvllle, Ohio
extremely
sat-
4
4
5
4
4
1
sales are
Z\
4
4
Sch. Dist
lR2..Meihuen, Mass
101. Milwaukee, Wis
lf'2..
While tbe above-mentioned
6
4
4
.
sale
,
.
made
the best sale ever
Montana.
of municipalities emitting bonds and
separate issues made during January
1901 were 113 and 147, respectively. This compares
with 128 and 150 for December 1900 and with 91 and
118 for January 1900.
In the following table we give the prices which were
paid for January loans to the amount of $8,749,148,
in the State of
The number
the number of
The aggregate
issued by 98 municipalities.
for
which no price has been reported
is
of sales
$491,716, and
the total bond sales for the
month $9,240,864. In
the case of each loan reference is made to the page of
the CuRONiCLE where a full account of sale is given.
January Bond Sales.
Page.
Location.
Bate.
150.. Allegheny (Pa.) Third
Ward
3^
Soh. Dist
ISO.AUenluirst, N. J
41^
252. .Ann Arbor, Mloh
4
201..Ar( her Co., Texas
4
201..Athen.s (N. Y.) Sohool
Dl8t. No. 2
Z\a
4i«
252. .Audubon, Iowa
3I3
99 BerKouCo.,NJ
201..Brlrlgt>port, Pa
4
99..Bronnon and Bethel
(MloU.) Soh.Dls.No.l. 5
201.. Buffalo N.Y. (4 Issue!-)
150.. Bueua Vista, Ga
201.. Cambridge, Ohio
201. .Camt.rldge, Ohio
201..Camden. N J
J^^--^*^'"*'*^','®'
IftO.. Carnegie,
6
4
4
5
^*
Pa
4^
41^
3»3
201.. Cascade Co.,
Mont
aOL.CasoadeCo., Mont
252. .Charlevoix, Mich
4
41*
3>«
151.. Cincinnati, Ohio
252. .Cincinnati, Ohio
99. .Cleveland, Ohio
99.. Cleveland (Ohio)
Dl6t
„,„
252..Cliftou Forge, Ya
SJfl
3
Maturity.
Amount.
1928-1931
1931
1911
1921
$100,000
*1607
Price,
105 76'
e-i.OOO 106-875
27,850 100 107
24,C00 100
fl90.o-1920
1907-1920
8=-,C00
100
101-675
37,000
10426
1S02-1910
1921
1911-1931
1907-1923
1911-1930
tl904-1911
1920-1926
1927-1931
1921
1921
1921
tl910-i920
tl921-1941
9,000 105-566
49,700 107012
5,0(0 103
17,000 107118
20,010 109-057
18,00011100
10.000 >,,«..-«
20.000 s ^^^ ^^'^
100,000 100
261,000 10383
20.000 110
150,000 104*38
1,000,000 102*4039
175,00011100
Soh.
4
5
1921
1921
150,000
20,000
110*56
102
. .
254 Port Gibsrn, Miss
254.. Radcliff, Iowa..
i.03..Ramapo (N. Y.) Sohool
Diet. No. 1
254..Ren88elaerCo.. N. Y...
2,^4. .St. Joseph Co.. Ind
202..8handaken, N, Y
202..Shandaken. N. Y
153..St. fanl.Mlnn
154..South Omaha, Neb
103. .Sprlngfleld, Ohio
103. .Spiingtleld, Ohio
103 Sprin* Held, Ohio
103. Springlield. Ohio
254..8yracu8e, N. Y
254.. Syracuse, N. Y
202..Ulster, N. Y
205. Wafasso, Minn
255..Walllngton.N. J
206..Watertord, N. Y
205..Weehawken
H921-1931
19(12-1! 08
1907-1914
""i92"i"'
1902 1916
19i'l-'l922
4
3>a
4
4
4
3
6
5
6
6
6
105 263
10d*17
1902-1 903
12,000
58.800
19021 904
1903-1917
1902-1917
*1906
7,614
2.000
10,000
6,500
tl9061911
1930
12,000
15,000
250,000
1902-1921
1906-1916
100-933
101-59
101-53
118-416
104-84
i0030
101-917
117159
103-092
3,000 100*70
100-376
1J0,00
100,000 111
128.0(0 102-246
45,0(0 102*04
50.000 106273
4,000 109-675
1,500,000)
775,000 } 101*468
810,0(0)
111-43
4,0
tlHll-lt.21
'
11921-1941
1903-1921
1904
1921
""l95C""
1941
1920
1921
1902-1910
10003
4rS.000
1921
1902-1907
1902-1941
*1915
30,000 100
6,100 101*183
5,000 103-10
1902-1910
1902-1£05
1920
14,000^ 106-30
5,000 100
10,000 100
1 1
8,i-00
1
-27
1C075
tl9021920
1910
1941
2(',0<
30,000
75,0:0
I
12,000
3,900
6
41^
10.^-279
8,060
9,190
tl911-1921
1901-1910
1902-1917
1911 1916
1902-1910
1902 1911
i902
1601-;f05
1910
1901-1905
1901-1903
lSOl-1905
90*25
105-872
100-66
101-50
107-18
101-28
102-80
103-85
108-4O
103-&0
104-45
10.000
16.0(0
50,000
4,500
5,000
200,000
100
100
3,1^00
113-06
lOH-13
106-17
105 602
103-745
5,000
6,430
2,006
1,240
100.000
216,000
3^9
1902-lt!2l
4
4
6
4
1902-1910
1902-1908
1906
1921
3»«
19051917
13,000
100
100
102-008
4
6
1916-1931
1901-1905
70,000
2,500
10903
10304
3ifl
1911
1902-1911
1902
1910
28,000
1,000
30,C
00
;
10:^-9125
It 0-75
!
105-10
•
(N. J.)8ch.
Dist
255..Well8ton. Ohio
154..W.lllam8port (Pa.) Soh.
Dlst
202.. Woodstock, N.Y
103.. Yonkers, N. Y.
103..Yonker8, N.
205..Yonkere, N.
•205. Yonkers, N. Y
20.5..Yonker8, N. Y'
205..Yonkei8, N.
4
4
103..Youug8town, Ohio
5
Y
Y
.
Y
10105
ll.SfO
15,000
11905-19
1901-1914
19<'6-1921
6
during the month, when we 253..New York City
3
25-<..New YorkCity (4 iB.).. 3
consider the locality of the issuing community, was 253. .New York Citv
3
101 Niagara Fallr N. Y.
4
probably that of Cascade County, Montana. This lOL.Nlatfara Falls. N. Y.... 5
2' 4 ..North Adams, Mass
3^8
county, after advertising the bonds in the Chronicle, 203 Noith Milwaukee, Wis. 412
153..0cean8lde. Cal
sold on January 22 $251,000 of 4 per cents to N. W. 163..0'Fallon (lU.) Soh. Dls. 6
5
Harris & Co., Chicago, at 103-83— a basis of 3-72 202..O:ive, N. Y
4
N. Y
4
per cent.
The county offered in all $351,000, the 254..0swego,
153. Owasso, Mich
4
4ifl
remaining $100,000 being taken by the State of Mon- 102.. Parsons. Kan
254..Pater8on, N. J
4
tana at par for 3^ per cents. This is without doubt 153.. Petersburg, Va
3ifl
isfactory, the best
14, 32:^
10,000 112*18
105,000 100
25,000 100-46
15,000 100*073
190 000 101*18
35,750
75,000 108*508
14,000 102-75
4,50> 101-70
17,000 10606
31,2.00 113*72
22,000 101-822
105-31
.^..tOO
2OO1O 104-50
106-55
;<!5,000
l.OoO 102
4,0(pO 103*75
162,000 moo
^6,000 100
1.500 104-55
6,000 106-08
6,000 114183
15,000 110*716
1920 1939
1902 1906
1902 1906
1924-1940
1902-1926
tl911-lB31
105*37
105 005
14,684
I'goe'Voib
6
4
11107
,000
8,81fi
tlS20-1940
1901-19x2
1911
151. Lincoln Co. (N. Mex.)
Sch. Dlst. No. 28
152.. Lucas Co., Ohio
1.'52..
7.=*
tl911-1921
1902-1916
Price.
$10,000 10306
8.000 100
25,000 101*812
5,000 1()3-14
11,000 100-50
44 800 102-18
IS.fOO 102*18
tl921-1941
1901-1«10
1901-1910
1902-1911
1S02-1911
1902-1911
5
202.. LviiChburg. Ohio
2=i3..Lyor8dale, N. Y
A'/nount.
1931
1931
1902-1918
tlf06 lb21
H911-1921
DiHt....
151..Lima(0) Soh.
.
per cent issue of $1,000,000 water
bonds was awarded on January 25 to a syndicate at
Cincinnati's
Maturity.
4
4
3»j
319
3>s
20.000 102-56
1.000 103-25
15,000 100-.57
1.000 101*27
50.000
19,500 100-66
28,500 [
150,000
6,000 103*34
1904
1905-1909
1902
1902
1901-1905
Total
131
(98 municipalities, covering
separate issues)
$8,749,148
Aggregate of sales tor which no price has
been reported (15 muniolpalities, covering 16 separate issues)
491,716
Total bond sales for January 1900
§$9,240,864
Average of dates of maturity, t Subject to call in and after the
earlier year and mature in the later year. §Not inoludlni; $4,025,741
of temporary loan.s reported and which do not belong in the list.
*
II
Taken by sinking fund as an investment.
{
And
other oonsldera-
tlons.
Chronicle of Jan. 5 1901, page 52, a list
December bond sales amounting to $22,020,651 will
Id the
of
Since the publication of that statement
we have received the following additional reports.
be found.
————
—
—
)
THE CHRONICLE.
252
Additional December Bond Sales.
Amount. Price.
Maturity.
Location.
Rate.
99..Catalina (Cal.) School
Diet
6
151..Cat8km, N, Y
4
99..Ci>lorado City (Colo.)
Sill. Dist. No. 1
5
4
25;;.. Concord, Vt
202. -Hamilton, N. Y
3^
101.. Meuflon, Mich
5
15S. .Rock Island. Ill
5
Page.,
103.. Sandusky, Ohio
4
1902-1911
1904-1912
$5,000 109-10
16,500 ^^gig^
tl906 1916
21,000 lOl'S^^e
24,000 105 075
3,H00 100 131
8,000 10456
40.000 100
21,800 102*73
tl9i51920
lV01-)9ti9
1901-1908
1903-1916
1901-1910
Total additional 8 ale8 for December
Nov. 1, 190O, and will mature in twenty years, subject to
call $5,000 after five, and a like amount after ten and after
fifteen years.
Biiighamton, N. l.—Bids Rejected— Bond Offering.— The
Council has rejected all bids received January 21
(a list of which was given last week) for tbe $15,000
3}4%
bonds described in the Chronicle D'^cember 22, on page
1280
Proposals are again asked for these bonds until 8 p. M.
Feb. 5, 1901. For description of bonds see Chronicle Dec.
Common
22, p. 1280.
A
$140,100
These additional loans will make the total sales
(not including temporary loans) as reported for December 1900 amount to $22,160,751 and the total for
the year 1900 $145,733,062.
Cincinnati, Ohio. Bond Case Appealed.—Th& recently- reno'' the Superior Court, in which the Board of
Trustees of the Cincinnati Southern Railway was enjoined
from issuing $500,000 bonds to build terminal facilities for
the above mentioned road without submitting the question
to a vote of the people, has been appealed to the Scate Supreme Court. See Chronicle last week, page 201.
Galyeston, Texas. Bondholders' Committee. Notice is
given in another column that the following-named gentlemen have been requested to act as a committee for the purpose of protecting the interests of the holders of bonds of the
Chas. S. Fairchild, President New York
city of Galveston
Trust Co.; N. W. Halsey of N. W. Harris & Co.,
Security
New York City; Chas. E, Ballou, Treasurer Woonsocket Institution for Savings; John D. Howard of J. H. Fisher
Son, Baltimore: J, L. Grandin of Grandin Bros., Boston;
John W. Herbert, Attorney, New York, and John W. Edminson of N. W. Harris & Co., Chicago. Messrs. Dillon &
Hubbard are counsel to the committee.
This action is taken as the city of Galveston is about to
a-k the State Legislature to pass certain laws repealing the
charter of that city and providing for its future government
and for the refunding of its indebtedness. As will be rememberei3, the City of Galveston was practically destroyed by a
hurricane on Sept. 8, 1900, and the Legislature is now to be
asked to act upon relief measures.
Maryland. Mortgage Tax Law Constitutional. Chief
Judge A. Hunter Boyd of the Court of Appeals, Fourth Circuit, on January 3 filed an opinion holding that the mortgage tax law of 1896 was constitutional. Tne case was that
of Washington County against the Mutual Insurance Co. and
others, who had refused to pay the tax on mortgages held by
them. The only question raised, it is stated, was the constitutionality of the Act.
Jalisco, Mexico. Assessed Valuation, The State Treasurer of Jalisco, Mexico, has announced that the assessment
of the State for 1900 aggregates $81,700,000. The last assessment was taken in 1890, when the figures were placed at
$52,000,000; thus the increase in ten years amounts to nearly
thirty millions. This is gratifying to those interested in the
develop jaent of Mexico and also to those holding the bonds
of this State which were brought out in this country last
year by the George D. CoDk Company, Chicago, in conjunction with Mason, Lewis & Co. also of the same city.
Montgomery, Ala.— CasTi in Suspended Bank. This city
had $S9,530 14 on deposit in the bank of Josiah Morris &
Co., which suspended business on Jan. 26, 1901.
Montgomery County, Ala. — Cas/i in Suspended Bank.
This county had $144,184 on deposit in the bank of Josiah
Morris & Co., which suspended business on January 26. The
above bank, as stated in the Chronicle January 19, was
awarded on January 7 $100,000 highway-improvement bonds,
the proceeds of the sale of which were placed on deposit in
the suspended bank and constituted the larger portion of the
county's funds in that bank.
dered decision
—
:
&
&
—
>
—
—
—
Bond Proposals and Negotiations
this
week have been as follows
Albany, N. l.—Bond Offering.— Ediward
:
:
N.
W.
for $200,0"0 $207,660 00 Seasonsood & Mayer, for all .1880.02^
(for 151,00
150,:85()0|W. J. Hayes <t ) for *3no.OOO 205,10'
& Sons, for all a61,740 60
Sons
161.000 154 ll'
J for
Farson, Leach & Co., for all 3au,863 10 R. Kleybolte & Co., for all
358,760
Harris
„&Co
(
;
.
.
1
E. H. Rollins
I
|
The State of Montana offered to take $100,000 of the
refunding bonds at par for S]4% and was awarded that
amount. The remaining $51,00u refunding bonds and the
$200,000 issue were awarded to N. W. Harris & Co., Chicago,
at 103 83. For description of bonds see Chronicle Dec. 22.
p 1281.
Charlevoix (Township). Mich.—Bond Sale.—Oa Jan 22
the $20,000 A}i% 20-year Pine River Bridge Bonds were
awarded to the State Bank of Michigan, Grand Rapids, at
110, an interest basis of about 3-783^.
Following are the
bids:
state B'k of Mich.,
Grand Rap. $22,000 W.J. McDonald &Co.,Chlcago.. $20,859
I
W.J.Hayes & Sons, Cleve ....
Trowbridge &Niver Co., Chic...
N.
W. Harri s & Co.,
Chicago
21,2^6
21,041
2 .036
I
I
1
|
Chas. H. Coffin,
Mason, Lewis
&
(
bicaeo
2(i,611
Co.,Caicago.... 20,4^6
20,361
John Nuveen & Co., Chicago
For description of bonds see Chronicle Jan.
19, p, 151.
Cincinnati, Ohio.— Bond Sale.— On Jan. 25 the $1,000,000
S% 20-40-year (optional) bonds were awarded to a syndicate
composed of the Atlas National Bank, the Western German
Bank and Rudolph Kleybolte
Co., all of Cincinnati, at
102-4039, an interest basis of about 2-843^ if bonds are redeemed at their optional date and about 2-90^ if allowed to
run their full time. Following are the bids:
Atlas National Bank...
Seasoneeod & Mayer, Cincin.... 100-60
Western German Bank > Cin.. 102'4039 German Nat. Bank. Cincin
100-375
K. Kleybolte & Co
Union Sav. Bank & Trust Co... .100*25
)
&
I
I
I
First Nat. Bank, Cincinnati... ,100-625
I
For description of bonds see Chronicle Dec. 29. d. 1328
Clifton Forge, Va.— Bond Sa?e.—This town has sold to
N. W. Harris & Co., New York, an issue of $20,000 Ssg 20year bridge bonds at 102, an interest basis of about 4 843$;.
Securities are dated Jan. 1, 1901. Interest will be payable
Jan, 1 and July 1 at the office of N. W. Harris & Co., New
York City.
Colorado Springs, Colo.— Bond O^ering.— Proposals will
be received until 7:30 P. M., Feb. 4,, by I. S, Harris, City
Clerk, for $190,000 A% 15-30-year (optional) refunding waterworks bonds. Securities are dated Feb. 1, 1901. Interest
will be payable semi-annually at the Chemical National
Bank, New York City, or at the office of the City Treasurer.
A certified check for $5,000 must accompany proposals.
Concord, Vt.— Bond SaZe. —This town on Ddc. 20, 1900,
sold an issue of $24,000 4« refunding bonds to N.
Harris &
Co., New York, at 105-075, an interest basis of about 3 64^ if
bonds run their full time or 3-561^ if redeemed at the optional
date. Securities are in denomination of $500 and dated Dec.
Interest will be payable April 1 and Oct. I at the
1, 1900.
First National Bank of St. Johnsbury or at the National
W
Shawmut Bank of Boston. Principal will
years, subject to call after fifteen years.
mature in twenty
Decatnr County, Ind.— Bond Afa/es. — Gravel-road bonds of
Clay Township to the amount of $44 800 and also $18,600 similar bonds of Fngit Township have been awarded to Louis E.
Lathrop at 102-18.
Fern Bank, Ohio.— Bond Sale.—Oa Jan. 21 the $9,190 71
5% 1-10 year (serial) county road bonds were awairded to Rudolph Kleybolte
Co., Cincinnati, at 105-17. For description
of bonds fee Chronicle Dec. 22, p. 1281.
Flathead County (llont.). School District No. 5.— Bond
Sale. -It is stated that on January 26 an issue of $10,000 6^
10-20- year (optional) bonds was awarded to N. W. Harris
Co., Chicago, at 112-18.
Fort Collins, Colo.— Bond Sale.— It is reported that an
issue of $105,000 bonds of this city has been awarded to the
First National Bank of Fort Collins at par.
Franlifort, Ind. Bond Sale. This city has sold at private
sale an issue of $25,000 4^ electric-light bonds to Campbell,
Wild
Co., Indianapolis, at 100-46, an interest basis of about
3-923^$. Securities are dated Jan. 15, 1901, and will mature
$5,000 yearly on Jan, 15 from 1906 to 1910, inclusive. Interest will be payable June 1 and December 1.
Gallatin County, III.— Bond Sale.—Oa January 22 the
$190,000 41^^ funding bonds were awarded to N. W. Harris
—
&
any time.
issue
Securities are dated
A
&
Andnbon, Iowa.— Bond Sale.— This town has sold an
of $15,(j00 i}4% refunding bonds at par.
Bridgeport. Conn.—Bon.c?s Proposed.— bill providing for
the isauance of $135,000 S}4% 4 30-year (serial) bridge bonds
by the city of Bridgeport is being considered in the State
Legislature.
Bucyrns, Ohio.— Bond O^ering.— Proposals will be received until 12 M., February 15, by W. C. Franz, City Clerk,
for $6,000 5^ refunding bonds. Securities are issued under
authority of Section 2701, Revised Statutes of Ohio. They
are in denomination of $500, dated F.-b. 15, 1901. Interest
will be payable semi-annually at the oflBce of the City Treasurer. Principal will mature $500 yearly on February 15
trom 1902 to 1913, inclusive.
certified check for $110 will
be required with each bid.
Cascade County, Mont.— Bids.— Following are the bids
received Jan. 22 for the $200,000 ii 20-year court-house and
$151,000 4^ 20-year refunding bonds:
&
J. Gallien, City
Comptroller, will sell at public auction at 12 M, JFebruary li3
the following bonds §104,000 3^% 1-20-year refunding water
bonds, which bonds are exempt from taxation; $10,000 3%%
1-20-year (serial) Beaver Park bonds; $10,000 3}i% 1-20 year
(serial) free-public- bath bonds and $65,000 3i^^ 1-5-year
(serial) improvement bonds.
All the above bonds are dated
Feb. 1, 1901. Interest will be payable semi-annually by
check.
Ann Arbor, Micli. Bond Sale,— TMa city has sold an issue
of $27,850 i% bonds to the First National Bank of Ann Arbor
at 100-107. Securities are in denomination of |500, dated
March 1, 1901. Interest will be payable annually on March
1, and the principal will mature in ten years, subject to call
at
[Vol. LXXII.
I
&
————
J
February
THE CHRONICLE.
2, 1901.
Co., Chicago, at a price said to be lOl'lS. For description
of bonds see Chronicle Dec. 2i, p. 1323.
(Jeneya, N. Y. Bond Sale. Oa January 24 an issue of
$35,750 d^i 10%-year (average) bonds were awarded to W.
J. Hayes
Sons, Cleveland.
Hazleton, Pa. Bonds Re- awarded. It is stated that the
122.' 00
5-30 year (optional) bonds awarded on Nov. 2 to P.
F. Kelly. Philadelphia, have been re-awarded to W. J. Hayes
Sors, Cleveland, at 101-«22
—
&
—
H
&
—
Herman, Grant County, Minn. Bond O^ering,— Proposals will be receiver) until 8 p. M. February 4 by O. C. Eaton,
Village Recorder, for |7,200 4.}4% water-works bonds. Securities are in denomination of |500, except one bond, which
Interest will be payable
is for $200, all dated March 1, 1901.
semi annually at the First National Bank of St. Paul. PrinA certified check for .$50,
cipal will mature March 1, 1931.
payable to E. W. Lee, Village Treasurer, must accompany
propopals. The village has no bonded indebtedness at present.
The assessed valuation ia $87,451 and the real value
about $275,000.
Hinsdale, N. H.— Bored -Safe, —This town has sold to the
Keene National Bank an issue of $20,000 d}4^ town-hall
bonds at 104-50, Secniities will mature $5,C00 in five years
and $15,000 in twenty years.
Kingston, N. Y. Bond Bill Passes Legislature. The
State Senate as well as the Assembly has passed the bill
authorizing the refundir g of $169 000 1% Wallkill Valley
Railroad aid bonds, which matured Feb. 1, 1901.
Kinsman (Oliio) School District.— Bond Sale. This district has sold an issue of $6,000 Q% school-house bonds to the
Kinsman National Bank at 106"08. Securities are in denomination of $500, dated March 1, 1^01.
Lyonsdale (P. 0. Port Leyden), fi. Y.— Bond Sale.— On
January 26 the $10,000 4% 1-16-year (serial) bonds were
awarded to W. J. Hayes & Sons, Cleveland, at 104'84, an
interest basis of about 3"34?. Following are the bids:
104-84 M. A. Stein. New York.
103-78
W.J. Hayes* Sons, Cleve
104-45 J. A. Cantwell, Utica
Seymour Bros. & Co.. N. Y
I'lg'dO
Geo. M Hahn, New York
103-8S 8. A. Kean. ChinaKO
lOO'SO
For description of bonds see Chronicle Jan. 5, p. 54.
Temporary Loan.— This city has borJULedford, Mass.
—
—
.
rowed for ten months the sum of $50,000 from Rogers,
Newman & Tolman, Boston, at about dl^% interest
NEW
!fp
Marshalltown (Iowa) Independent School District.—
district has .sold an issue of $12,000 4^ 5-10year (optional) refunding bonds to the First National Bank,
Chicago, at 101-917.
Missoula County, Mont.—Btds.— Following are the bids
received January 21 for the $ 150.000 4'g 10-20-year (optional)
refunfiing bonds:
Mason, Lewis & Co.. Chic... «150,.06.-> 00 N.W. Harris ACo^Chlc ...tloO.lOl 20
Kane* Co., Minuf^apolis... .*lfi0.7«5 00 C. W. LcmbarcKfor »10,000) 10.060 00
Bond Sale.— This
Uuke
•
&
11. B'arsoa,
CUicago... 150,2i-0to
n.
A.
Kean
(for 4J4X bor.dg).
UO.OOO 00
Bid not accompanied by a certified check, and was therefore rejected.
As stated last week bonds were awarded to Mason, Lewis
Co., Chicago, at 100-376.
—
—
Tenn. Warrants Proposed. This place
seeks legislative authority to issue $10,000 interest- bearing
warrants.
New Yorli City.—Bond Sale.— On January 30 the .$3,125,000
Si gold corporate etock was awarded to E. D. Saepard
Co.. New York City, at 101 4^)8— an interest basis of about
Following are the bids
2M'61%.
Morristown,
&
:
B. D. SbPpard & Co
Blake Bros. & Co. and R. I.. Day & Co
Harvey Kisk & Sons and Vermilye& Co
Kuhn. Loeb A Co. and Farson, Leach &Co
.John H. Thompson
«3.I25.C00A101-468
All or none@l00-409
.All <jr none<s>l<''-3"77
.....All or none®100 28
t25,<.0
Maclay & Davles
Total of bids, $12,543,000.
^10
-00
1B,0(.0®1CO 00
For description of bonds see
Chronicle Jan. 19, p. 152.
Temporary Loan Some of the papers recently stated that
this city had borrowed $3,000,000 in anticipation of the col-
—
lection of taxes. This loan is but a small part of the total of
such loans (known as revenue bonds) made by this city every
year, and as the transactions are generally privately conducted, without the knowledge of the public, we do not as a
rule make any mention of the same. These loans very seldom run over nine months and aggregate over thirty or
forty millions by the time tax collections commence in the
fall.
Norborne (Mo.) Land Drainage District.- BoTid Offering.— Pro^po&a,l8 will be received until 2 P. M., February 9, by
E. D. Brown, Secretary, for S65,000 6^ bonds. Securities are
in denomination of $500, and the interest will be payable anPrincipal will mature yearly as follows: $2,500
nually.
in 5 years, $3,000 in 6 and 7 yeais, $3,.5C0 in 8, 9 and in 10
NEW
LOANS.
LOANS.
143,000
.
GARFIELD
INDIANAPOLIS, INDIANA,
Fire
26S
Indianapolis, Ind., January 26, 1901.
Sealed bids will be received by the City Comptroller of the city of Indianapolis, Indiana, until 12
o'clock M. on Wednesday, the 2C th d- y of February,
1901, for the whole or any part of 1143,000 Indianapolis Fii-e Department and City Hospital Bonds of
1901 of said city.
Said bonds shall be designated "Indianapolis Fire
Department and City Hospital Bonds of 3801," will
be dated March 1, J901, and be of the denomination
of $1,000 each, with interest coupons attached; will
bear interest at the rate of three and one half per
cent (3^^) per annum, payable semi-annually on
the Ist day of January and the first day of July of
each year. The first coupon on each bond to be for
four months' interest only, or from March 1 to July
1, 1901. The principal is payable $14,000 annually,
CommenciUK January 1, 190?, and $3,c00 on January
1, 1912. and both principal and interest are payable
at the bankina house of Winslow, Lanier & Co., New
York City. Bids for the purchase of said bonds
should be endorsed "Proposal for Indianapolis Fire
Department and City Hospital Bonds of 19ul," and
directed to the City Comptroller, Indianapolis, Ind ana. Bidders may bid for all or any part of said
bonds.
The Proposals will be opened by the City Comptroller, at his office, on the 20th day of February,
1901, between the hours of 12 o'cloch M. and 2
o'clook P. M., and eald Comptroller will thereupon
award said bonds, or If he shall see fit, a part or any
number thereof, to the hiKhest and best bidder
therefor, but the said Comptroller shall have the
right to reject any and aM bids or proposals, or any
psrt thereof, and shall have the right to accept a
part of any bid, and to award upon any bid the
whole or any less number or bonds covered by such
bid, excepting only that no bond shall be sold at less
than par and accrued interest. He may also, in his
judgment and discretion, award a part of said bonds
to one bidder and a part to another.
Each bid shall be accompanied by a certified check
upon some responsible bank, payable to the order of
Armin C. Koehne, City Treasurer, for a sum of
money equal to two and one-half (2J.^) per cent of
the face or par value of the bonds bid for or proposed to be purchased. The bonds awarded will be
delivered at the banking house of Winslow, Lanier
& Co., in the city of New York, on the 1st day of
March, 1901, and the successlul bidder or bidders
shall take and pay for the bonds awarded lo him or
them, and his or their omission, neglect or refusal so
to do shall be a breach of the contract of his bid or
proposal, on account of which damages shall be retained or recovered as liquidated and provided in
the trdiranee coveringthis issue.
Said bonds are ofleied for sale under and by virtue
of the provisions of General Ordinance No. i, 1901
passed by the Common Council on the 1th day of
January, 1901. and approved by the Mayor on the
8th day of January, 1901.
E.
WASH.,
COURT-HOUSE BONDS.
Department and City Hospital Bonds.
DEPARTMENT OF FINANCE,
OFFICE OF TUB CITY COMPTROLLER.
ROOM NO. 1, COURT HJUSE.
CO.,
M. JOHNSON,
City Comptroller.
Notice is hereby given that the Board of County
Commissioners of OJarfleld County, the State of
Washington, will receive sea'ed bids for the sale of
bonds In the sum of Twenty Thousand Dollars,
issued for Court^House purposes.
Said bonds are to be in denomination of one
thousand dollars each and to run for twenty years,
with one-half thereof to be issued May 1st, 1901, and
the remaining half on the first of September, 1901.
Interest to be paid annually and both principal and
interest to be paid at the office of the Treasurer of
Garfield County, in the City of Pomeroy, Washington.
Said bonds are to be issued in strict compliance
with a statute of the State of Washington entitled:
"
An Act authorizing and empowering the organized
of the State of Washington to contract Indebtedness and to issue bonds for funding the same
and declaring an emergency." Approved March
Cti unties
21st, 1890.
Bids will be received up to noon March 4th, 1901,
and must be addressed to the Auditor of GarUeld
County, Washington, and marked "Bid on CourtHouse bonds,"
The Board hereby reserving the right to rejeot
any and all bids.
,„
.
J. A. STRAIN,
Auditor and Ex-OflBcio,
Clfrk of Board.
Cityof Stamford, Conn.,
Sewer ard Funding Bonds.
Blodget, Merritt
DENISON, PRIOR
&,
BANKERS,
CO.
16
Grade
SEND FOR
8
Bonds.
LISTS.
Exchange Place, Boston.
131 Euclid Avenue, CleTeiand.
Co.,
Congress Street, Boston.
13 Wall
High
&
jAXrABT24, 190L
(Street,
New York.
STATE, CITY & RAILROAD BONDS
receive sealed propos-als
until 12 o'clock noon, Friday, February 16th, UOl. ?or
the following loans:
$25,000 Sewer Redemption Twenty-Year Bonds.
160,000 Funding Twenty-Year Bonds.
The bonds of these two scries will be for $1,000
each, dated March 1st, 1901, bearing interest at the
rate of SH;! per annum, payable seal annually In
March and September. Principal and interest paygold at the Office of the City Treasurer.
able
Bids must provide for the payment of accrued
interest from date of bonds to date of aellvery.
A certitttd check for five percent of the face valoo
bidders.
of bonds bid for must be deposited by
The right is leserved to reject any and all bids.
WM. N. TRAVIS, cnty Treasurer.
The undersUned
will
m
N. Brown & Co.,
BANKERS,
CEDAR STRKKT. NEW YORK.
James
No.
O'i
Dealers in Covernment, Municipal, Railroad and Corporation Bonds.
INTERUST ALLOn\ED ON DEPOSITS.
Orders execntedon N. Y. Stock Exchange.
Office:
First National
Bank BnlldinK,
Stamiord, Conn.
—
—
2 '4
THE CHRONICLE.
awarded to the Troy Savings Bank at 103-35— an interest
basis of about 3-05^. For description of bonds 8ee Chron-
years, $4 000 in 11 and in 12 yearp, $4,500 in 13 and in 14
years, $5,000 in 15 and in 16 years, $5,500 in 17 years, $6,000
in 18 and in 19 years and $1,500 in 20 years.
North Adams, K&BS.—Bond Sale.— This city has negotiatfd a refunding loan of $30,000 with the State Treasurer
at S%i interest. Loan will mature in twenty years.
Oswego, N. l.—Bond Sale.— This city has issued at par to
the Standard Voting Machine Co. $5,000 4^ 1 5 year (serial)
bonds in payment for a voting machine purchased from that
company. Securities are in denomination of $1,000, dated
Jan.
icle Jan.
5, p 55.
Rising Sun, Ohio.— Bond 0#ermg.— Proposals will be received until 1 p. M. March 2 by C. R. Sheffler, Village Clerk,
for the 3,500 6% town-hall bonds mentioned in the Chronicle
Jan. 19.
Securities are in denomination of $700, dated
March 2, 1901. Interest will be payable semi-aianually on
March 1 and September 1 at the office of the Village Treasurer. Principal will mature one bond yearly on September 1
from 1902 to 1906, inclusive. All bids must be noconditional and must be accompanied bv a certified check for $50.
St. Joseph Conuty, Iai,—Bond Sale.— On January 30 the
bridge bonds were awarded to the St. Joseph
$50,000
County Savings Bank of South Bend at 108'40. Following
1901.
I,
3.—Bond Sale.- O a January
Patf^rson, N.
31 $30,000 4^
renewal bonds were awarded to Rudolph Kleybolte & Co.,
New York, at 105-872— an interest basis of about 3 hO%. Following are the bids
R. Klevbolte & Co.. New York.. 105-873 N. W. Harris & Co.. New York.. 104-82
Thompson.Teuney & Crawford,
E. H. Rollins & Sons. Boston... 106-73
lOlSll
New York
SeasonKOod & Mayer, Cincln.... 105-318
104-70
106-Ort
M. A. Stein, New York
Walter Stanton & Co.. N. Y
105-05
10*-457
Jno. D. Bveritt &Co.,N. Y
Hamilton Tr. Co., Paterson
W. R. Todd & Co.. New Vork...l05-0O
denomination
of $1,000, dated Dec. 1, 1900.
in
Securities are
Interest will be payable semi-annually and the principal will
H
:
are the bids
St.
South Bend
.
. .
A
Iowa.— i9ond Sale.— An issue of $3,900 i}4%
10-20-year (optional) water bonds has been awarded to John
Nuveen
Co., Chicago, at 101'28.
Rhode Island. Bond Bill Passes Senate.— The State Senate has passed the bill providing for the issuance of the
$700,000 State House bonds.
Rensselaer County, N. Y. Bond Sale. On January 30
the $16,000 33^^ 1-16-year (serial) refunding bonds were
&
—
NOTICE TO HOLDEHS OF THE BONDS
OF THK
New York.
their interests.
CHAS.
8.
President
in Bond* of
Railroad, Street Rail-
Deal
New York
Security
W.
N.
& Co.,
Harris
Bankers,
York.
Treas. Woonsocket (R.
Institution for Savings.
1.)
JOHN D.HOWARD,
H. Fieher
J.
J.
I...
& Son,
Bankers, Baltimore.
Attorney,
New
60 State Street,
BOSTON.
New York.
A.R.Macfarlane&Co.
BA.lfK.ER8
W.
Harris
&
Co.,
DILIiON
&%
BONDS A SPECIALTY.
NEW
C.
YORK,
PHILA.,
JONES
-
-
-
1
Sc
CO.,
NASSAU 8TRBHT.
112 so.
Room
& HUBBARD.
DBA! BRS IN
319 National
Bank Commerce
FOURTH
Commercial Paper, Mortgage Loans,
Local Stocks and Real Estate.
Act as aeenta for non-resident property owners and
inyestors.
ST.
Members
No.
7
FARSON, LEACH &
Securities Netting from 33^ to 6^
ALWAYS ON HAND.
Send for our Investment Circular.
E. H.
DUICE
CO.,
FARSON,
M.
Banker,
115 DeHrborn
Municipal Bonds.
Street,
CHICAGO.
AND WESTERN
SECURITIES.
ROLLINS & SONS, SOUTHERN
BANKERS.
NEW YORK.
Co..
BANKER8,
Devonshire Street*
BOSTON.
Congress and 31 State Streets,
MUNICIPAL, RAILROAD
•CHICAGO.
121
of Boston Stock Bxchange.
BOSTON.
AND CORPORATION BONDS.
Stanwood &
E. C.
INVESTMENT BONDS MUNICIPAL BONDS.
Bldg., N. Y.
February Investments,
As8'n.j
MUNICIPAL BONDS.
BANKERS,
MIRICK, SECRETARY.
MINN.
[Members American Bankers'
DKALKBS IN
Bankers, Chicago.
Counsel to Committee.
AND JSMOKJSS8,
DULUTH.
and TRUST FUNDS
ADAMS & COMPANY,
York.
-JOHN W. EDMINSOV.
1.
^^"''VuiidJ'nT^'*'^
Building)
Bros.. Boston.
.JOHN W. HERBERT,
m.
Companiet.
GRANDTN,
Grandln
N.
Light
Onvemrr^nt and Mttnicipal Bonds Bottght'
and Sold.
FOR
EDW.
CHAKI.eS E. BALIiOU,
[NYESTMENT BONDS,
Investment Securities
& Trust Co.
New
Burr,
way, Oas and Electric
Cable address:—SABA.
W.HAL.SEY.
M.
&
Perry, Coffin
Quotations furnished forpurchase, sale or exchange
U¥IHGS BANKS
FAIRCHILD.
South Bend
00
00
00
00
00
00
Boston.
Chicago.
AVAILABLE IN ALL
PARTS OF THE WORLD.
St.,
62,125
52,030
51,750
61,800
61.275
National Bank.. 50.010
Cm....
W. R. Todd & no.. Cincinnati.
Detroit Sav. Bank, Detroit..
Indiana Tr. Co.. Indian'olls..
INVESTMENTS.
BANKERS.
Letters of Credit
31 Nassau
62,60000
& Co.,
Feder, Bolzman
Springfield (Ohio) School District.— Temporary Loan.—
This district has borrowed $5,0C0 temporarily from local
banks.
Syracnse, N. T.— Bond Sales.— On January 30 the $100,000
31^^ l-20year (serial) water bonds were awarded to Joseph E.
Gavin, Buffalo, at 103 745— an interest basis of about 3 08iS.
City of Galveston, Tex. Issue Travelers'
The City of Galveston, through committees, being
about to ask the Legislature of the State of Texas
to pass certain laws repealing the charter of that
city, and providing for Its future government and
the refunding of i's indebledness, the undersigned
have been requested by a number of the principal
bondholders to act as a Bondholders' Committee for
the purpose of protecting their interests as holders
of the City of Galveston securities.
Holders of City of Galveston bonds are requested
to communicate with the committee tnrough its
Secretary, authorizing the committee to represent
53,064 00
62,790 00
bid on 5% bonds was received from 8. A. Kean, Chicago.
For description of bonds see Chronicle Jan. 12, p. 102.
St. Louis. Midi.— Bond O^eringr.— Proposals will be received until February 18 by Henry J. Tuger, Mayor, for
$8,000 4% bonds. Securities are in denomination of $1,000.
Interest will be payable annually and the principal will mature $1,000 yearly, beginning fourteen years after date of
issue.
certified check or draft on some national bank
(amount not named in circular), payable to the Mayor, will
be required. The total indebtedness of the city, including
Blank bonds must be furnished
this issue, will be $19,000.
by the purchaser.
INVESTMENTS.
W. HARRIS & CO.,
N.
First Nat. Bank. So. Bend....
Trowbridge ANiverrcChxc.
Citizens' Loan & Trust Co.,
South Bend
...
New Ist Nat. B'k, Columbus..
A
posals.
Radcliff,
LOANS.
00
00
00
00
50
00
00
00
86
76
A
Bond Offering. Proposals will be received until 6 P. M. February 11 by L. P. Slater, City Clerk,
for $50,(00 4$ Fifth Ward paving and grading bonds. Of
this issue $40,000 bonds are in denomination of $1,000 and the
remaining $10,000 of $500 each, all dated March 1, 1901. Interest will be payable semiannually and the principal will
certified check for $500, payable
mature March 1, 1931.
to George A. Tabb, City Treasurer, must accompany pro-
NEW
Lamprecht Bros. Co.. Cleve.. 153.075 00
$.'54.200
53,707
63,852
H'arson, Leach &Co., Chic... 63,632
Denison, Prior & Co.. Cleve. 63,680
W.J.Haves&Sons.CIeve.... 63,627
63.345
Stoddard, Nye & Co., Minn.
Spit7,er& Co.. Toledo
63,225
Meyer& Riser. Indian'lis.... 63,170
Mason, Lewis & Co.. Chicago. 53,086
—
—
:
Joseph^Co. Savings Bank,
R Klevbolte & Co., Clncin...
N W. Harris & Co., Chicago..
mature Dec. 1, 1910.
Port (Gibson, Miss.— .Bond Sale.— On January 22 the $12,000 6^ bonds were awarded to F. M. Stafford & Co., Cbattanooga, at 107']8.
Portsmouth. Ta.
[Vol. LXXII.
Bonds for
Permanent Investment
19 Milk Street,
Bender.
BOSTON.
San Francisco.
D. H.
LIVERMORE,
SUCCESSOR TO
ROSENBEKGEK
31
&,
I.IVERMORE
NASSAU STKEET.
NKW YORK
-
Bonds and Investment Securities
TO NET FROM
CORRKSPONDENCI5
3
TO
6%.
INVITED.
B. POWELL & CO.,
WOODSTOCK, VERMONT.
HARRY
—
February
THE CHRONICLE.
2, 1901.]
Cleveland (the highest bidders), at 109-03. A
the bids was given last week,
WellstOD, Ohio.— Bond 8ale.—On January 25 an is^ue of
On
Hayes
the same day the |216,000 i% 1-9-year (serial) local improvenaent bonds were awarded to Rudolph Kleybolte& Co.,
New York, at 103-9125— an interest ibasis of about 3*149;g.
Following aie the bids
Water Bonds
$2,500 5% 1-5-year (serial) sanitary bonds was awarded to
W. R. Todd Co., Cincin., at 103-04. FoUowingare the bids;
$2.670 00 First Nat.lBank, Wellston.... J2.o30C0
W. R. Todd & Co., Cincin
2,60010
P. 8. Bri(iK8 & Co., Cincinnati. 2.651 26 Centerviile National Bank
Securities are in denomination of $500, dated Dec. 1, 1900.
Interest v;ill Le payable semi-annually at the Firtt National
Jos.R Gavin. Buffalo
Rudolph Kleybolte& Co.. New York
W. .T. HayeH & Sous, Cleveland
N. W.Harris & Co.. New York
«eo. (;. White Jr.. New York
Geo. M. Hahn, New York
Jno. I). Kverltt & Co., New York
Thompaon, enney & Crawford, New York
M. A. stein. New Vork
Uolltn8& Sons, Boston
MeiTlttA Co., Boston
Allen, Sand & Co., New York
K. 1.. Day & Co., New York
Deniaon, Priori Cc. Cleveland
,I()KO, I'arker & Co.. Boston
Kulton Savings Bank (lor $45,000)
S. A. Kean, Cblcaizo
K.
103-47
103-J44
108-43
103-429
108-411
U;3-65
103-»125
103-75
103 828
103-813
103 &9
108-835
lt3'711
103-3f>
If^S-Ql
103-333
103-2-3
103'033
102 98
102-815
101-77
103-333
K3-545
'I
II,
lilodKet.
&
$216,C0O ImpTovtrntnt B(U.
103-746
108-437
Bank, Wellston,
Wellsviile, Ohio. Bond Offering.— Proj>oea]s will he received until 12 M February 27, by James W. McQueen, City
Clerk, for §65,000 4% storm water-sewer bonds. Securities
are in denomination of $500, dated Feb. 15, 1901. Interest
will be payable semi-annually at the office of the City Treasurer. Principal will mature $3,fJ00 yearly on Jaruary 1 from
certified check for §300, payable
1905 to 1926, inclusive.
to the City Clerk, will be required vi ith bid8. The authority
for the issuance of these bonds will be found in sections
2635, 2836 and 2)-37, Revisei Statutes of Ohio.
f onfeers. N. Y.-Bids. Followitg are'.the bids received
January 23 for the $50 000 d}4% redemption bonds matuiing
Feb. 1,1904; $19,500 33^« pavilion bonds maturicg $2..500
April 1, 1905, and $5,0(0 yearly on April 1 from 1906 to 1908,
4% assessment
inclusive, and $2,000 on April 1, 1909; $28,5i
bonds maturing Feb. 1. 1902, and $150,000 4% tax-relief
,
103-'<3
101-703
103 -33
102-81
102-;9
102-2H
lOJ-00
For full description of bonds fee Chronicle Jan,
A
26, p. 204.
Terrell, Texas.-JSoncfs Etgl'<t(red.— The State Comptrolan ieeue of $18,000 school- house bonds,
Topeka, Kan.— Bonos Authorized. The City Council has
authorized the issuance of $16,433 13 5^ internal improvement tonds for the puipose of curhing, grading and paving
part of Filmoie Strett and Tyler Street. Ten bonds are in
denomination of $1,000, ODine of |650 and one of $5f^3 13, all
dated Jan. 1, 1901. Interest will be payable semiannually
in New York City. Principal will mature yearly on July 1,
$1,583 13 in 1901 and $1,650 each year from 1902 to 1910, inler has registered
—
—
clusive.
bonds maturing
Geo. C. White
D. Everitt
People's Savli ps Bank
N. W. Harris & Co.. ChlcaBO
W. J. Hayes 4 Sons. Cleveland
WK OWN AND OFFER
$75,000
STATEofCOAHUILA,
OF
MEXICO,
U. S.
GOLD BONDS.
Price lo yield
&
Trowbridge
First
514%.
Niver
Co.,
CHICAGO, ILIi
National Bank Buildins.
U0-2£5
Bonds.
100-31
100-41
100-31
100-211
100-67
lOU-338
10004
10025
100-23'
the same.
Bond Offering.— Pro^posa\s will be received until 4 p. m.,
February 6, by Leslie Sutherland, Mayor, for $7,000 4^ assessment bonds and also $22,000 4% assessment bonds. Both
the above istues will be dated Feb. 15, 1901, and will mature
Feb. 1, 1903.
J.—
EXCHANGE,
Ld.,
INVESTMENT SECURITIES.
Bankers and Exchange Agents.
HEAD OFFICE]
24 Throgmorion St., London, E. C.
The exchange Is prepared to entertain
a proposal for the establishment of
an Agency In Neiv York. High-
RAILROAD,
BOSTON,
60 Devonshire
MUNICIPAL
RAILROAD
CORPORATION
100-31
238-240 La Salle Street,
CHICAGO.
New York
est references required.
BANKERS,
Monudnock Butldins,
I<'(i-512
&
J.
MASON, LEWIS & CO. Barstow, Jester&Co.
CHICAGO,
101-^3
101•3^7
101-76
101-07
101-153
101-14
101-47
Brmds.
MISCELLANEOUS.
MISCELLANEOUS.
LONDON AND PARIS Geo. D. Cook Company,
INVESTMENTS.
6%
100-673
100-634
100-60
100-53
A'sttitm't Tax-relUf
Co., New York, offered 100-655 for the enbonds, and as stated last week were awarded
Sand
Allen,
tire lot of
Bonds Awarded.— We are advised that the $70, COO i% bonds
advertised for sale on January 21 have been awarded to W.J.
I
Bnndn.
1150,000
$28,500
$19,500
Bondf.
Westchester Trust Co
1901.
N.
New York
& Co., New York
Y.
Jr.,
John
—
Hudson County,
1902.
Geo.M.Hahn. New York
Thompeon. Tenney & Crawford, N.
shops of the road.
Ulysses, N. M.—Bond Sale.— This town has sold an ieene of
$50,000 refunding bonds.
Wallington, N. J.— BoTid SaZe On January 16 this borough awarded to M. A. Stein, New York, an issue of $30,000
4% 20-year water bonds at par. Securities are dated Feb. 1,
District,
1,
$50,000
Bill Passes Senote.
The State Senate has passed a
bill authoiizing this city to issue bonds for the payment of
land donated to the Santa Fe RR. for a site for the new
Weehawben School
May
Redtmpt'n PnvVion
—
Bond
& Sons,
full list of
:
$100,000
255
)
CORPORATION,
St.
MUNICIPAL,
G.
Office.
62 Broadway.
WHITE &
CO.,
Enfifineers, Contractors,
BONDS.
29
BROADWAY,
N. Y.
)
Investigations and Reports 00
Electric Railway, Gas, Electric
New York.
Choice Issues.
List on aDplicatlou.
Light, and Power Transmission
Street Railway and Gas Companies.
Properties for Financial InstiMunicipal and Corporation Bonds
LIST ON APPLICATION.
tutions and Investors.
To net the Investor
BONDS.
" ^ '^ »^ ^*
T. B. POTTER,
MUNICIPAL and RriMHC
BONDS,
CORPORATION
172 Washington Street,
CHICAGO,
Jt^IST
-
.
-i
[BONDS
RAILROAD
CORPORATION > '"'^'^ *^^
4«
to
6 Per Cent
always on hand.
SBNI)
FOK
3 to SVi Per Cent.
Lists sent on application.
HAYES
Electric Railways, Electric
Power Plants
Electric
OesJi^ned and Built.
LIST.
ROBY ROBINSON,
ATLANTA
|^cjc0uutants.
WM. FRANKLIN HALL
Xew
BANK AND TRUST
CO.
York.
STOCKS.
INVESTMENT SECURITIES.
Accountant,
Books audited.
Financed
CLINTON GILBERT,
2 Wall Street,
Exchani^e Buildinor,
53 State Street,
Light and
SONS,
V\/. J.
8b
111 rongress Street, Boston.
Chamber of Commerce Bldg.,
ILLS.
.
INVESfME N-r~SEC URITIES.
ecuritlea Nettins from
Street,
Cleveland, Ohl«».
ON APPLICATION.
MUNICIPAL
50 Wall
SECURE BANK VAULTS.
BOSTON, MASS.
Examinations and inveeti^'
tions condocted with the utmost
care and efficiency.
GA.
F.R.FULTON & CO.,
Municipal Bonds,
171
LA SALLE STREET,
CHICACO.
Haskins
&'
Sells,
Certified Public Accountants,
No. so Bso^n ST., irxw torm..
&
Patterson, Teele
Dennis,
CERTIFIED PUBLIC ACCOUNTANTS.
•
SO Broad Street.
New York.
GENUINE
Vf
ELDED CHROME STEEL AND IROIC
aonnd and Flat Bars and 6-ply Plate* and Ancle*
FOB SAFES. VAULTS. Ac
Cannot be Sawed. Cut, or drilled, and posUlTelT
Buriilar Proof.
CHROME STEEL WORKS,
Kent Ave. Keap and Hooper St»..
JoleMan'f'erslntheD.S. BROOKLlf
• F.
¥
,
:
THE CHRONICLE.
256
®nt
gautuers atrd ^xoUtvs
[Vol. LXXII.
at gcttr Wiovl&,
CHICAGO.
CHICAGO.
PHILADELPHiA.
Edward
&
Schwartz, Dupee
&
Bartlett, Frazier
Co.,
THE BOURSE, FIFTH
STOCKS AND GRAIH.
Board
85 Cedar
T
W.
E.
CHICAGO.
CHICAGO.
Wew York.
New Street,
ST.,
Co.
PHILA.
New York.
Street, cor. Broadtv'ay,
Members New York and
WESTERN UNION BUILDING
ot Trade,
&
Smith
BANKERS,
Co.,
Stocks, Grain and Provisions,
»
B.
Phlla- Stock Exchanges.
&
Clark
Co.,
BANKERS AND BROKERS.
No. 139 South Fourth
PHILADELPHIA.
-
PRIVATE WIRES.
St.,
Transact a general banking business. Allow Interest on deposits.
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
EDWIN L. LOBDELL,
115-lir L,A
CHICAGO, IL.L.
W.
&
Hutton
CHICAGO
PITTSBURG
SECURITIES.
St..
Seasongood
.
Town and
ISTABLIBBIED
School Bonds
Oldest PlttsburR
East Baltimore Street, Baltimore.
Investment and Miscellaneous Securities a speoand whole issues handled.
Exceptional
tacllities for
dealings in
all
classes ol
Loans on Collateral Securities
negotiated.
WYNDHAM
BOLLING,
BANKER AND BROKER,
BICHMiOSiD, VIRGINIA.
1871.
Stephenson,
Members
Co.,
laity,
BANKERS ANn BROKERS,
No. 209 FOURTH AVENUE.
PACIFIC COAST.
HiNRT
&
Whitney
&
BANKERS,
'.£16
PITTSBCRa, PA
MUNICIPAL BONDS.
iBsned In leading prosperous States of the Union,
especially adapted fur safe and permanent investment lor Estates and Trust Funds.
Sons,
CORRESPONDENTS
Streets*
1867.
Members of Baltimore Stock Exchange.
Bank of New York, N. B. A.
First National Bank of Philadelphia.
CINCINNATI, OHIO.
Hlsrh-Grade City, County,
&
Established
1S02.
"
Wilson, Colston
Southern Bonds.
Mayer,
W, Corner Third and Walnnt
William Wilson & Sons,
Wilson, Colston & Co.,
PITTSBURG, PA.
Cincinnati, Ohia.
&
SOUTHERN.
BANKERS,
Cincinnati Bonds and Stocks
37 East Third
Stock
)
N. Holmes
Brokera and Dealers In
PHILADELPHIA.
Members Philadelphia Stock Exchange.
CHICAGO BOARD OF TRADE.
Co.,
BANKERS AND BROKERS,
104 SOUTH FOURTH STREET.
f Exchanges.
AND
&
Irwin, Ballmann
John H. McQuillen &Co.
Sproul & Co.,
PITTSBURG, PA.
AND OHIO
Investments receive our special attention. Information cheerfully furnished regarding present
holdings or proposed Investments.
Henry
MEMBERS
NEW YORK
)
PHILADELPHIA /
G. Hopper
28 South Third Street, Philadelphia,
Stock Exchanue and Chicago Board of Trade.
BROKERS AND DEALERS IN ALL
CINCINNATI
ILL..
PITTSBURG.
Co.,
CLVCIIVXATI, OHIO.
E.
G. HOPPER,
H. S. HOPPBK,
Members of Philadelphia Stock Exchange.
6c Co.,
stock and bond BROKERS,
Members New York Stock Exchange, ChlcaKO
CINCINNATI.
W.
Wm.
SALLE 8TREET,
CHICAGO,
MBMBBR NEW YORK STOCK BXCHANGH.
CHICAGO STOCK EXCHANGE.
Co.,
BANKERS AND BROKERS,
Stocks and Bonds,
"The Rookery,"
&
A. O. Slaughter
Southern Securities,
Virs;inia Bonds,
Virginia-Carolina Chemical Co. stock.
Reference— Mechanics' National Bank, New York.
N. T. Stock RxchanRe.
Goab,
Edward Polliu
Members Stock and Bond Exchange.
Davenport 6c Co.,
T, Mellon & Sons' Bank,
BANKERS AND BROKERS,
Edward PoUitz & Co..
PITTSBURG,
PA.
RICHMOND, TIRGLNIA.
STOCK ANM BOND BROKERS,
St.
Hawaiian Sugar Stocks a Specia/ty
403 California
SKNERAL BANKING, COLLECTIONS,
Street,
INVESTMENTS.
SAN FRANCISCO. CAL.
Ladd
&
Whitaker
PORTLAND, OREGON.
ESTABLISHED IN
300 Nortb Fonrtli
Richardson
INVESTIIEKT BANKERS,
\^ IS.
DEALERS IN
IVIunicipai,
Railroad
and
Corporation
Southern Investment Securities.
JtrONXeOMJSBT, AliA..
&
John
Clark,
A. G. Becker
&
W.
Dickey,
BROKER,
I.
Bonds,
Transact a general banking business.
Commercial Paper
Stocks and Local Securities.
bought and sold on commission. Private wires to
New Fork, Boston and Philadelphia
Co.,
AUGUSTA, GA.
SOUTHERN SECURITIES.
ST. PAUL.
INCOBPOBATBD.
Chas. H. F. Smith & Co.,
COMMERCIAL PAPER,
INVESTMENT SECURITIES,
STOCKS, BONDS AND GRAIN,
A.
Strass burger,
stocks and bonds broker.
NORFOLK, VA.
SOUTHERN INVESTMENTS.
25 Exchange Street, Providence, R.
BOIVDS.
Co.,
Street,
BANKERS,
Co.,
8c
Bankers and Brokers,
ST. LOUIS.
MILWAUKEE.
MILAVAUKEE,
Company, Mottu, de Witt
Successors to
1859.
&
&
WHITAKER & HODGMAN,
BOND AND STOCK BROKERS,
Transact a General Banklns Business.
Collections Given special attention.
Oliver C. Fuller
1860.
ST. LOUIS.
Tilton,
BANKERS,
establishkd
Correspondence solicited and Information furnlshed about Southern State, Municipal and Railroad Investment Securities.
Reference— Bank of New York, N. B. A.
I
S.
W.
Cor.
Monroe & La
Salle Sts., Chicago, 111.
ST. PAri>, MINN.
Pioneer Pre«H BMu,,
Members of New York Stock Exchange.
Members of Chicago Board of Trade.
@FedFRASER