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Quotation -Supplement (iMiy) Investors Supplement (o ieiy wr ) IEntered according to Act ol Congress, in the year 1902 by the W i l l i a m B D a m a VOL. 74. com pany. In the office or the Librarian ot Congress. ] SATURDAY, JANUARY 11, 1902. 3£he Chronicle. NO. 1907. Week ending Ja n u a ry 4 Clearings a t — 1902. PU BLISH ED W EE K LY. Terms of Subscription—Payable in Advance: 1901. 1002. 1900. 1899. Cent $ Boston.............. Providence........ Hartford.......... New Haven....... Springfield.......... Worcester.... ..... Portland............ Fall River.......... Lowell............ New Bedford...... Holyoke.............. Total New Bug... 140.781.690 8 066 40O 4,204,fiSS 4 851.112 2,254,376 8 .0 )9 .8 8 3 1.787,057 1 318,128 624 8 04 566.965 458.288 172 299,130 7.608,500 8,776.193 1,788,938 1.703,370 1,608,716 1,637,428 1.151,467 634.434 571,674 485 093 -1 4 -9 -te u + 1 1 -8 + 6 -E + 2 7 '8 + 26*6 + 1 0 -S +1 4*6 +8*«: -0 -3 +-4-1 144,048 823 0,819 904 4,400,980 1,784,289 1,926.23^ 1,559 29* 1,488,649 869,050 620.373 487,011 419.773 147,690,842 0 814.400 4.234 283 2.605 421 2,059,000 x,729,871 1,846,914 1,477,601 654,048 031.403 360,000 109,868.204 193.095,507 -1 2 *0 104,421,801 170,062.244 Chicago............... Oinolnnati........... Detroit................ Cleveland......... . Milwaukee.......... London Agents: Columbus.... ...... Messrs. E d w a r d s <fe S m i t h , 1 Drapers’ Gardens, E. G., will take sub Indianapolis......... scriptions and advertisements, and supply single copies of the paper Peoria................ Toledo............... at Is. each. Grand Rapids....... Dayton ........ . W I L L I A M B . D A N A C O M P A N Y , P u b lis h e r s , Evansville........... P in e Street, C o rn er o f P e a r l Street, Youngstown........ 1 ...... P ost O f f i c e B ox 958. N E W Y O R K . Springfield, 1 1 Lexington........... Akron................ Kalamazoo.......... Rookford............ Springfield, Ohio... The following table, made up by telegraph, etc., indicates Canton............... that the total bank clearings of all the clearing houses of Jacksonville, 111.... ulnoy............... loomington........ the United States for the week ending to-day, Jan. 11, Jaokson .............. have been $2,538,244,959, against $2,450,358,634 last week and Ann Arbor.......... Tot. Mid. West’n. $2,660,348,017 the corresponding week last year. 162,831 931 18,845,850 11,782,109 14,966 656 7,668 0 3 i) 7,623 800 5 ,3 1 k ,206 2,625 725 8,267 024 l 660,618 1,238,795 1,026.045 638,217 550,000 470,898 60S 000 494.510 822 802 391,348 410,492 191,726 281,106 414.589 200,000 80 0CO 143.776.780 17,627,700 9.723 177 12.858 838 0.231,473 5,695 500 3,458 182 8,254 384 1,832,006 1.521.882 1,182 414 916 510 325 880 678.818 620 272 326.801 8S8,88t 245.000 887.953 282,333 175,476 265,38s 289,806 160.000 76,000 +14T + 4-1 + 2 1 -2 +1 6 *4 + 2 3 -0 -+38*b -t-54’0 +111 + 7 2 -0 + 8 -6 + 4 ‘7 + 1 2 -0 + 9 4 -5 — 5-0 — 24-0 + 7 9 -0 + 2 8 -0 + 3 1 -8 + 8 6 -1 +4 5 *4 + 9 -1 + 0 -0 + 4 8 -4 +83 8 + 6 -0 137,279,176 10,483,850 8,905,310 11,447.990 0.304,880 5,800,000 4,145,530 2,147,904 2,893 021 1 275,181 l.»8 1 ,6 9 1 1,087,101 310,621 466,265 406,486 357.000 409.773 224,806 274,558 351,78b 172 981 250,000 127,875,822 15,297,060 8,210,009 9.977,960 0,611,419 5,028.800 8,455,217 8,020,420 1.801.384 1,140,908 695 809 751,118 809 967 488 0C9 878,645 2 9 2 .0 : 0 370.678 214,816 274.418 240.000 125,000 243.191,006 210,082 386 +1 6 *8 201,744,177 185,493,118 San Franolsao...... Salt Lake City...... Portland............. Los Angeles........ Seattle................ Spokane.............. Tacoma................ Helena................ Fargo................. Sioux Falls.......... Total Pftdflc.... 23,034 479 8 300,000 2.683 9 3" 8,638 029 2.776,880 1,271,481 1,120 335 6?2 578 400 709 260 576 19 306 044 3.033.976 2,220 459 2,500,392 1,844 160 l,1 8 8 ,f9 0 1,118,738 560,867 400,000 162.544 + 8 4 -9 — 9*2 + 1 8 *8 + 4 5 -5 + 5 0 -5 + 7 ‘1 + 0 -1 + 2 1 -5 + 1 -7 + S 4 -2 1S.484.304 2.270,166 1876.0CO 1 950.609 1 730 094 1,278,208 815,648 032,998 376,000 100,287 16 966.694 1,934.049 1.893,092 1,800 58S 1,225,000 1,074,472 628.435 588,135 418 400 112,004 42,013 566 82,041 066 + 2 7 *6 29,608.309 25.640,914 Kansas City........ Minneapolis........ Omaha............... St. Paul.............. Denver............... St. Joseph........... Des Moines.......... Davenport-........ . Sioux City.......... Topeka.............. Wlohita............. Fremont............. Colorado Springs... Tot. other West.. 17,565,251 13,140 740 6 491,703 0,320 720 4 481 320 4,739.427 1 943,836 989,661 1,800,000 1,173,674 577,447 170,834 805 817 16,876.389 11,478,000 6,205 385 6.126 052 8 452.030 3,080 830 1,863,710 1,390,580 1,000,000 900.690 480,708 110.104 566 985 +10 0 + 1 4 -5 + 4 -0 +2 3 *3 +298 + 2 8 -8 + 4 *3 — 28-8 + 3 0 -0 + 2 9 -5 + 2 0 -1 + 6 9 ’9 +4 2*1 12,597,800 9 870,838 5,879 986 5 580,306 4.080.253 4,159,797 1,753,217 1,305.745 l.Ofc 9,967 021,781 406,610 128,407 9,852,145 9,807,209 7,005,514 4.805,850 3,183,889 2,820 918 1,479 509 1,074,442 909,814 450,700 478,009 128,483 69.706,090 52,130,044 + 1 4 -6 4 8 120 701 41,004 318 49 618.177 St. Louis............. 14,790,247 New Orleans........ 9 203 010 Louisville............ 8,818,500 Galveston........... 5 001,472 Houston............. 8,881 871 Savannah............ 4 578 882 Riohmond........... 8.561,531 Memphis............. 2,731,770 Atlanta.............. 1,888 980 Nashville............. 1,811,548 Norfolk............... 1,762.236 Augusta.............. 780 826 Knoxville........... 1,299.019 Fort Worth......... 1.159,456 Birmingham........ 004,000 Macon................ 912.341 Little Rook........ . 540 000 Chattanooga........ 867 381 Jacksonville......... Total Southern... 107,080,205 Total all............ 2,460,368.084 40,039,869 10.844 143 8 588 919 4.147,000 8,800,000 8 060,034 4 304 900 3 580 780 2 370.650 1,738 644 1 080.761 1,510.802 780,581 1,082,326 1,000,000 631,000 068 504 290,679 815 530 + 2 3 -9 + 4 8 -0 + 8 -5 — 7*9 + 4 9 -0 -8 -7 + 0 -4 — 1-0 + 1 4 '0 + 8 -6 +21+ +101) — 7-1 + 2 0 -0 + 1 1 -0 -1 1 -8 + 8 0 -5 +82 2 +40 9 33.141,470 10.944 022 9 338,989 8 473 400 4,677,080 3,767,795 3 881,351 8,080.358 2 029 476 1,864 724 1,826,180 910,070 041.882 1,069 393 825 000 623 000 634 504 389,860 239 002 80,109,827 12 947,824 9,091,360 3,961,700 8.891,892 2,095,198 3.700.EOO 2,827,669 2,112,485 1,071,018 1 ,1 8 1 1 2 8 718,080 608.880 986,082 675,000 333,000 895 603 814 016 2 39 921 80,887 070 + 2 0 -1 82.012,007 77,976,022 $ ? o r One Y e a r _______________________ ______ ___________ _______ ..$10 00 For Six Months........... ........................................................ 6 00 European Subscription (including postage).... ....................... 18 00 European Subscription Six Months (including postage)......... 7 50 Annual Subscription in London (including postage).............. M 2 14 s. (Six Mos. do. do. do. .............. A l l i s . Above subscription includes— Th e T h e Q u o t a t io n s u p p l e m e n t In ve sto r s’ Su ppl e m e n t K a x lw a y Su p p l e m e n t Cit y Su p p l e m e n t i s t r e e t 1St a t e a n d Terms oi Advertising—{P e r Inch Space.) Transient matter............... $4 20 Three Months (18 times). .$29 00 STANDING BUSINESS CARDS. Six Months (26 “ ).. 50 00 Two Months (8 times).. 22 00 Twelve Months (52 “ ).'. 87 00 CLEARING HO USE RETURNS. § C le a r in g s — R e t u r n s b p T e le g r a p h . W e e k B n d i n g Ja n u a ry 11. Cent 1902. 1901. N e w O r l e a n s ................................................. 11,419.828,692 121,088,118 98,683 340 20,057.402 147,788,017 48,388,337 12,071,848 $1,668,070,107 122,911,084 82,183,035 20,794,813 122.912,565 83.832,566 11,443 091 -9 -5 -1 6 + 1 3 -3 -8 0 + 2 0 -2 + 4 3 *0 + 5 -6 S e v e n c i t i e s . 6 d a y s ............................ O t h e r c it i e s , 6 d a y s .................................... $1,882,3 00,804 260,103,914 $1,978,463,851 240,107.211 -5 -6 + 8 -3 T o t a l a l l c i t i e s , 6 d a y s ........................ a l l o i t l e s , 1 d a y ............................................ $2,122,904,718 416,340,241 $2,213,661,062 446.786,956 -4 -1 -7 -0 T o t a l a l l c i t i e s f o r w e e k .................. $2,638,241,939 $2,660,348,017 - 4 '6 New Y o r k ...................................................... P h i l a d e l p h i a ................................................. B a l t i m o r e ............................................ ......... P. The full details for the week covered by the above w ill be given next Saturday. W e cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to be in all cases estimated, as we go to press Friday night. We present below our usual detailed figures for the pre vious week, covering the returns for the period ending with Saturday noon, Jan. 4, and the results for the correspond ing week in 1901, 1900 and 1899 are also given. Contrasted with the week of 1900 the total for the whole country shows a gain of 4’0 per cent. Outside of New York the increase over 1901 is 7‘8 per cent. Week ending J a n u a r y Clearings a t — 1002. N e w Y o r k ............. 1,025.038,012 P h i l a d e l p h i a ............. I l i u m 843 P i t t s b u r g .................... 42 410 798 B a l t i m o r e ................ . 25,081.530 B u f f a l o ........................ 6 310 822 W a s h i n g t o n .............. 2 829.28 ) A 1n a n y ....................... 8 868.730 8,612 451 R o c h e s t e r ................ 1,731 053 S y r a c u s e ....... .......... 1,450,000 fjr r r a n t o n ..................... W i l m i n g t o n .............. 1,241,240 416,300 B i n g h a m t o n .............. 400 000 C h e s t e r ...................... G r e e n * b u r g .............. 337,399 789 41 r, W h e e l i n g W. V a .. 888.740 W i l k e s B a r r e ........... 1901. 1902. 4. 1900. 1899. P . Vent. $ $ * 1,601,618,292 + 3 -1 1,140.106 226 M e O , 345,018 + 0 -9 90,072 076 105 999.008 87,107,205 36,4 0 827 + 100 25,838.762 26,014 0D8 + 90 24 101 040 28,390,308 82.788 4 3 “ 0.295 256 -1 5 -6 4 910 900 6.288,601 2.903 021 -s ra 2,984 827 3 .1 5 8 7 1 0 3,467,264 + ii-0 8 842,310 2,300,000 8,078.090 2 029.306 7,435 218 -1 -7 1,021,509 1,041,129 + 0 -8 1,412 058 1 ,2 -4 944 + 1 2 -* 1,830 04 1,040,222 + 18*9 1,080 200 090 895 878,040 449 800 -7 -8 5^8,000 480 700 493.796 -1 8 -8 891 713 270,000 +-7-4 800,000 814,085 N o t I n c lu d e d In t o t ft 1 N o t I n o lu d e d In t o t a l. T o t a l M i d d l e ......... 1 827 649.906 1,778 900.063 + 2 -6 1,810 181.504 1,80^.040,440 Outside N. York.. CANADA— Montreal............ Toronto............. Winnipeg.......... Halifax............... Hamilton............ St. John.............. Victoria.............. Vancouver......... Quobeo............... Total Canada ... , 825,820,623 t 2 857.112.320 705.504,084 P. $ + 4 *0 1,886 888,005 1,807,025,005 090 280.439 047.279.892 10 424,700 + 5 -B 16 254 546 14 154 118 12,819 088 13,088 008 + 1 2 -8 15,721 6«1 2.907.812 + 4 7 -0 2.530 V08 8 785 023 + 2 0 *8 1,968 892 2,063 2H0 1.700 000 920.000 -8 0 *3 891,843 1.882 843 098 223 601,275 +1 2 *4 743816 -2 2 *1 020,108 470 005 378 381 003,840 050,292 +4 1 *4 062,701 1,116,076 N o t I n o lu d e d In t o t a l . 80.811 834 89 820,040 85 700 587 + 1 1 *0 1 3 ,4 0 3 3 3 1 11,987.608 8,096,818 1.700.400 846 009 620 140 633180 080,369 + 7 -8 38,071.800 T «K 62 ( HRONICLF. [VOL. LXX1V, N rth est is in a s a d h s m d th G v o w rm n a a e e o ern o M n s ta its m u p c in a c s d to b a in e o o th ie e ru a e re k It B trik s u th t o r le la to a goin a little n e e t a d logica e s a u g la ra re g th a is rra g m n n , lly s e k g to p p a in , re fa t. O o u e to in d ce a b ia a lo g w thfro a s fro s o rlD th b n fit of "ju a d a f o ra tro u ill n a e ro d y m m eu g e e e st n a la , fo b tw e th b a d th la th w r e e n e ill n e w ere mn ble ra s C n it b th t th w g sa a e ” te . oy a e a e a e-ea in rn g m n a s . S , to , w e th 'n w p p rs reill rt c u g s c a p ce in , o th t p b a y lip o o hn e e s a e p n w oe o ra e u h ro ed g r a u lic th G vern r a fa rin a ce in ta , it d n in th N rth est fa o it? If th ro d a d e o o a vo g rta x os ioe e o w v rs e a s re n t a a s tu o t th t h h a a p v d of it o ro g s p th m if n t, w it u til th y d . o lw y rn u a e a p ro e r ill a ww , to n e ; o a n e o — n th t s m o e h s w h d h o ly a o e n a is e im to W d . e o n t lik a ta im o e “ a o e x p s d reta to s lia ry.” P cip T e s c m rk h s b e irregu r th w e . rin les h to k a et a e n la is e k s o ld reg la ta a n n t a w im o a m is n t e s to s te th c u e K te for m n y hu u te x tio , o h r iff. F or o ay ta e a s. a s o e eig c rp ra n a s b c to p t a im o t cnlo e b t th re h v b e s te e ts c r n o o tio s re u je ts u n p m o ; w r, u su h e a e e n ta m n u b t th fa th t th y a fo u e ct a e re reign s o ld n t le a torg go e p rts w u m s lik hu o th t la e ld x o a d o ld o t ely b m e a u e u l im o t. M s of th c m a ie o e no in w e . F reign e ch n e d e n t n nq a ps ot e o p n s tha c m g e k rg o x a g os o ized in o er S te a d d in b s e s in p is n w rra t th t fo c s T ere w s a s ip th ta s n o g u in s ths t a n re e a re a t. h a h m S te h v n t g n a a fro N ta ae o o e wy m ew York to e 6 0 0 g ld la t S tu a ,w ic p b b b s of $ 0 ,0 0 o s a rd y h h ro a ly e c p a y p p r ta , b t h v o a ized else ib th u h th fa in P ris e c a g o L a e n ro e x u a e rg n p s le ro g os e ll a xhne n w e h re b c u e o r g n ra la ea s u e e l w d id n t give o th p v u T u o d n n e re io s h rsd y T e m n y m r o a. h o e a th em th p w rs th e o e ey w n d W m t w o n v r, h s co tin e to rela a o t d y b d a te . e igh h e e e idw a n ud x lm s a y th la , th re y m k g it m re a e w e b a in o ttra ctive,R no ap rts co cern g w ter w e t h v n t b e w ed n in in ha ae o en c tc m re s b c for ta a n th t m th d w u b ; th t h s b e u e a a d co ra in a h o u je ts x tio ; a e o fa ora le vo ld a a en sd s is u g g b leg e itim te. It is th u h a e r, w th u , , a d h s stim la a , o g , n rro e in reton k a u ted th a va cin m vem e d n g o en a s rt th t in u tria c rp ra n a d in b s t e e a A feelin of d p o tm t w s e se a d s l o o tio s re o g th incs l. ua s re g isa p in en a in th S te b c u e th h v a o e h re o ite o is ta ea s ey a e n ffic e h r s ll ver th U ited S te S ib ed e n ta s teel C rp ra o o ti b n s o s c s h re O ly a s a p rtio ofre drn of e rn g fo th la t q a o d r to k e . n m ll o n in u tu ss a in s r e s u rter, es ecia p tria c rp ra n m n fa tu o d p s offoreir c b r ; a th p b l o o tio s a u c re r is o e th D em e e s e u lic h d a s m d th t a su e a p d c in N ro u ts ew Y ork. S te le isla rs m tto p v th t m n ta g to igh im l for tao a o th w u b la er, th s w o ld e rg oe h e h ev ry c rp ra n th la d n t o a ize is itha to d tu p e w re a le to u e th re ris e o o tio 'in e n o rg n ww w s d h in is rb ric s e b s e its b rd rs if th y s o ld la a d c u en rce ta eo e m a u a a v rs d o e e hu y n o ld fo a in s m s xs e s re n d e e evelo m t, th p en o im o e o th t b s . W a n t a p s nfus ae p in d T e c lla s of th C d R b p s d n a a is e re o t re e t a n la e . lly x h o pe e ru e u b in u tria c rp ra n in reste in th q e tio o Oa y la t S tu a w s a d a p in e t in d s l o o tio te d is u s C . p r nm u n s a rd y a is p o tm n lega d m l o icile is N ew Y ork a d a a s h s bnn b s for th sta n lw y a a e . a is ed a e rtin of ru o w g m rs ith refere B t w m t h v a in re t if every S te to o e in u trie . V u e igh a e n te s ta w e h re r d s th s ery lik ely a o th a im ls e n u w h v s b c e s o ld p t a ta o u . Ah w in th N rth est a d e e h re a d r e a e u s rib rs h u u x n s s d yet no n e o w n ls w e , n th t w u n t, in th ry d a o ld o eo , iffer m teria froms m u o a o e a a s ra a lly mao ee p n b v , g in t rk d ilro d a d a a a s n g i p p s n md a A a y ro o itio s a e t lb n . a y p n o th p rt of s c h ld rs to s p n la n e a to k o e to th cu e ttin of ra s o p y g of re a s h s in g te r a in b te , a V lu ta a v n e in w g s s e to b th fered to a ex o n ry d a c s ae em e eo e rd r n ten w t ith s c o e tio s O t to k p ra n . n of th d y a o g E s rn ra e a mn a te ilro d . T ey h v th rna d th g era s n a s h a o b eh n , e en l e tim n in fin n ia ci e e e t a c l m k g m n y in rec t y a ,a d in te d of sp od of ex a in o e en e rs n s a e nin is n e g trem co fid n e a d th a v n e in e n e c, n e da c it a in d id n s th y h v b e sp n in it s rg e tra d ll iv e d e ae en e d g lay C n l ivid d to 8 p r cen p a n m is e ely en e t er n u in b etterm ts a d u in a o e p rk givinlieveder b a fa in ica n of w a is in s re en n s g n th r a in g h hto e ig ir d tio ht to p y to th a eir m n L st w e th B ltim re & to k o e in g o p p rtie . At th s m tim e . a ek e a o h h sOcio ld rs o d ro e s e a e a n u c d a fu er a v n e in w g s a d th b e ke th t th s w o a m s p m en in n o ne rth da c ae, n is e ev is wlie d a o e h re o t ro in t th P n y a ia h s d n lik ise P ttin m n e a a v rs to a y s c sp cu tio a p e en s lv n a o e ew . u g orky re d e e a et n uh e la n s an e r g, n a a ae hd s u in b to etterm ts e s re th p s n o c p tio dfa y a a o a d th t m y h v ^ a a m c en nu s e re e t c u av ileo flu k e s n th g e c o era g e o e e t la o a d in re s s th c p c br n c ae e a a ity of a ro d to m ne a a y in in m d tin th m v m n a a m n y e e w e b s e s b c m s le s a o e v n h n u in s e o e s ctive. S a g h rin e ivid d o th s c of t en n e to k w ith la o th p fits a c m a y is e rn g o g hto c a e in th d b r e ro o pn a in u Tte in re s h C ne l e v ry ew J rs e ey R ilro d C m a y is th a a o pn b n fit th s rv e a d a th p s n tim is in e tra of N e e e e ic , n t e re e t e a u l e vo b o d n h h w y a w e ex e d re B t th w g e rn r n tu ld reflex of th fa ra le c n itio s w ic h a is p n itu . u e a e a e s o ra h rut da e n ra ite c a tra e d rin th la o l d u g e re e b r th t it is th p y g in u try o ly th leh in th a th c mm e a e a in d s n a s e e e hu a a e e r 9 th m a s to s e d la e s m o b e en pn rg u s n etterm ts o lva m n s W s o ld s y th t th y a 1 en twr c n o th . a ae e o t ro p ro s er x e n e a rd to a d to th a o n p id th e p y s ; d bt n th m s p s e u ev e p rie c d ffo d e mu t a e m lo e h th e d. h mu t o l in if b in o s e te leg y c n id ra isla n o b in iscre th tio th c tio r y d et ae an ra ite tra e T e a o n of c a m e c n a e r xes a n reced b S te o e th ro d a a a re u e w s c rta ly fa in e c s of th t of a y p y ta ffic rs e a s re g in d c d to the in th s e ts a ls co d n of in o e c th w re in n t lo g se c — h s a n in o er re p c w s a o m n itio s lv n y ey e o n y a e T e itu tio inr. e ill ttlem n re c e a th m e ’ st e t a h d t e in rs o a p x a g th t co d n th s a n w r.eT e se r p ro im tin a n itio — e itu tio b tte b h e re u le 91 re e e . It w s c iefly th p ctice of s cretlyth ttinv u y a a id la o tro b s in 1 0 . v rs d a h e ra e cu p gio s e r vo ed b r p rta ll, e b o tio e e n lva ra s th t s a p d th ro d . To p te a wme e a s reven s cim ts in t of a th a s rp n of th P n sy t u ha o n c ol n e cq is n th fu re a e rn s effo w s m d b th C a C m a y b th E e tu n a et rt a a e y e stock o p n y e rie a d th a u itio of Cn n tra ew J rs y b th R a in , a d th m e e y e e d g n e h ld rs to e ta lis a co m n o e s b h m u ity of in terest b tw e l of N ee e a la n h h ae en s b h th eir p p rtie w ic w u ro e s h h o ld in u s re sta ility rm n u re tio s w ic h v b e e ta lis b h in o io s t te s s e s lt c a e . T at certa ly a a q e tio of e u m n th d h rg s h in , s us n q a , is ityo g e ifferen in re ts a th re u of th ctan e , a e o s le h te etter m in n n e of p a te a c w o h lly fa a d d n ib . S te a d In ir n efe s le ta n ter-S a g s m d p s ib a b h h o rs u d e d C m is io e h v th righ to s e th t c aa eircre s n e w ic of c u e in re to th a o m s n rs a e e t e a h rgc a m ta c s u tah ld ll e o pn s n er e e te "ju a d re s n b ,” a d b g s c th sto g oofa th c m a ie . U d th n w ra st n a o a le n ein u h e ck e d trib tio iv e d n e tra ewJ rs y s e e e m rs erely s u h to p o g t reven re a s a d cu is g u n d id n s o C n l of N t b te n ttin . e e t e n u . h e ig e Y et, n w if w m y ju ge b th n is m dw th e 8 p r c n p r a n m T is is th h h o , e a d y e o e a e ill b , e H IE F IN A N C IA L S IT U A T IO N . January 1 , 1 0 .] 1 93 THE CHRONICLE. 63 vn o e. h c a e a 1 9 ,6 a o n p id s c th re rg n tio of th cm pe y n of m n y T e in re s w s $ ,1 0 0 mu t a in e e o a iza n e o o a e ts m m 2 6 ,2 0 a n e , a in in 1 8 . L st y a a d th y a b re th s cp c a d $ ,2 7 0 in leg l te d rs m k g 87 a e r n e e r efo e in s e ie n to k 3 5 ,8 0 h a s e x a dd y go 5 p r c n in 1 9 a d 1 9 o ly 4 tor l of $ ,4 7 0 . T e lo n w re e p n e b t e e t, 89 n 88 n p ta e $e ,5 6 0 n 1 e a e o its w s $ 5 3 ,3 a 1 ,3 4 cn e t. T e in re s n w w h c ae o ill o e te to th 1 8 ,4 0 a d th g in in d p s p ra h ci a d cd 36 7, 7 s e ia b n fit of th R d g C m a y a th T rinu lu re e e w s re u e $ 7 ,7 5 to $ ,5 pc l e e e ea in o p n s e p e s rp s s rv rre c ro g e u -T a p l h ld r of C n l s c . S m d a p in 7e t ra s rs of cu n y th u h th S b re a a o e e tra to k o e is p o 6 5n T n fe tm . rle n is e k e 40 0, n w s felt y s rd y a a e te a ftern o b c u e th D la ry to N o n ea s e e ua & ew O a s th w e w re $ 5 ,0 0 a d w re a rd s ek e a h mn y H d o C m a y a th m u s n o p n t e eetin of its b a S tuia of la t w e th re w s a s ip e t b th g o rd of d y a en a ity B n of $ 0 ,0 0 A erica gold c a k 60 0 m n o re to d n t a o m k a in re s in th dN tio d l C c rs id o ls a e n c ae e ivid n, e t p rt e e r. h a m n in te d o d id g to d s a f ec in istrib te o ly th s m to E u t e, th firs ex o of th y a T e p y e u n e a e a o ro mu np t e u n a re o d mu t o H d o s c d rin 1 0 a d rin 1 0 , n me S b rea u for u m tu d b n s a o n n u s n to k u g 9 2 s u g 9 1 aath ly 7 -T s ry 27 a in 3 1 9 8 in e e eg p r c n T is, h w v r, is to b ta en o ly a e id n e 5 8 , m k g $ 8 ,2 8 5 s c th b e e t. h o ee e k n s to $ 9 ,1 3 0 v e c e e r. of a c n e a e p licy Like th o e a th in of th y a o s rv tiv o . e th r n n cg ra ite c rrie , th D la a & H d o m s h v h d a a rs e e w re u s n ut ae a very g o y a a d w p s m th fa w b o e o c ll, re re e tin b n e ’ b la c s o d e r, n e re u e is ct ill M n y n a e re p s n g a k rs a n e a e x a g u g e e t fle te , w e th a n a rep rt is received inloread a th S ck E ch n e d rin th w ek a e d hn e n ul o , g n tly t e to pt c n n t e e e t, vera in a o t 5 p r c g g bu e e e la e p fits T a th d c rs d e it b sr n t t a d a 4 p r c n a n rg d ro . h t e ire to em ee o t e n n t £ e to d trib te m re th n 7 p r c n s n s n n M n a lo n w re a 7 p r ce t a da 4 p r c is u o a e e t, ig ifie O in d y a s e o th o g w ith th b lk of th b s e s a 6 p e u e u in s t ercen O T e t. n u a to th c m a y e rn g . s e o p n ’s a in s d y tra s c n w re a 7 p r c n a d a 4 p r c a n a tio s e t e e t n t £ e e e t e e t. n e ns a a T e e b rra s e t of w a is k o n a th Eith th m jo h m a s mn ht n w s ew verett- a rity a 5 p r c n O W d e d y lo t e e t n t e e t, ith th b lk e u M o S n ic te of C ela d is in its w y q w re n 6 p r c n a d a 4 p r c n w o re y d a lev n a u e aa ite ee e e t. n h rsd y tra s c a n a tio im o n e e t. It m rk th b a -d w of th u in s a 5 p r c n O T u p rta t v n a s e re k o n th b s e s t e s h m s of a ex c e e n ceed gly ve tu s m g u e of t 5 p r c n a d a 4 p r c n w in n re o e ro w re a £ e e t n t £ e e t, ith th m p e e t. n rid y a s e t e tro lley p m te a d fin n ie w o en y jority a 5 p r c n O F a lo n w re a 6 p ro o rs n a c rs h jo ed a veryt e t er n ith th b lk of th b s e e u e u in c n id ra le fin n ia b ck g T ey h v fa n a d a 4f p ce t, w o s e b a c l a in . h a e ciled n t t e a k n s o pn s ae s p b c u e th im ly e a s eir p n h v b e s d a wpg c n B n s a d tru t c m a ie h v la s a e e n tea ily g 5in r e t. ro lo n p t er c n a th m im m T e e t s e in u . h in m g itu e a d b c u e th re is a lim to thac d a 5 p an d n ea s e it e e a ra c e a et a eo e o ita th t c n b o ta e for n wu d l a a e b in d e n erta in s o e lo n b n h of th m rk h s b c m m r k g timth t f aa n rm l n o u ta n re | 5 e e t ll d s rip n D e c tio . arin th s m e h rd a w e a a d q o tio s a 4 @ p r c n for a g e u m r a ly ek e m irty d y to s m n s o g o m as ix o th n o d ix e p e b t th t th la s d u a ey a d d o e o tw trol d fro th d e n r o p rio s lla l. o s e b u in s ley lin s to th e eir lon list of a q is n . c E ch n e co tera C n id ra le b s e s h g c u itio S k x a g sto ew g a rin a s n ere w T ey s o e n m re h s tio in b y b e d n in ren in m tu g lo n , a d th h h wd o o e ita n u in ea g n o e e ek o e i tro lley ro d th n th o in ry m n d e in b a ino ad m n d rin th w e for m n y for s a a e rd a a os u g gd e a d u g y o q iry w s n ticed for th a o irty d a h t o a s it of c th s T ey co tro a b t o o of s very little in u a r u lo e . h n l ll u me th ; nn th electric ro d in C ela d a th lin s h s p ly of c m e ia p p r is s w in re s e a s lev n , ll e eT in u p e o m rc l a e lo ly c a in n e o e e a d m ca a k n D etro a d a o a th s in T it, n ls ll o e oled b s e ro d th re is s m d m n fro lo l b n s a d a o, e id s aa s in tio s e terio ch r, iefly a th E s t e a A ro , & ., & ., w k n c o ith a la e n m e of s b rb n stitu n in th in rg u br u fro a in um Rc n re ^ 5 er e t te ty in ty a a d in ru a lin s It w s th n te rb n e . a eir in ten n to aos a 4 @ p c n for six to n e -d y tio ills receiva le, 4 @ | p c n for p b | 5 er e t rim n ect th s v rio s lin s a d th y h v b e an oto d b ee a u e, n e a e e n e le rs bd e t o d u ix o th ’s g ca rry o t th u eir id a in th re p o to a c n id ra i@ p e s is s e t o s an 5le6 ercen for g o fo r to s m n s in ed b a e e te t. U fo n tely th w re a th tim n m . x n n rtu a ey e ll e e looks in ro n for m re w rld to c n u r, a d fin lly th g u d o o s o q e n a e n la d in u te is o n lo d g a rew to h a y e e for th o e v vn eir e p n iv bT k . a k of E g n m im mra of d c u t r x a s e a hs B n ce t e e t. h a le p rt D rin th la t tw y a , b s e m k g e tea iv u c a g d a 4 p r c n T e c b re o a g e s o e rs e id s a in xm in e n h n e n s s c ty in a a k ills in L n o d in u io s in th telep o e field th c rs n to e hn , ey h v db eu ts of six to n ety d y b n b a e is o n en 3 3t te t a a s rb g a d co b in electric ro d s fa ^@a p r c n T e o e m rk t ra a P ris is 2 b o in n m in g a s o st th i e e t. h p n a e r t erlin a d F n fort it is 2 @ f p n ra k £ 2 w h v fo n it n c s a e ae u d e e s ry tim a d a a p to e t a d a B e n g ine c n n eh in u p c l a le m o dn re o s c o r S c n tru t u treet R ilw y S p le e t. c n a A a a u p m n Wt. t ccord g to o r s e ia c b fro L n o o n a ed 1 3 ,0 4 u n u th o tc m of th p s n e b rra s e t w e B n of E gla d g in £ ,0 2 5 b llio d e u o e e re e t m a s m n th ba k ill e ek n eld £ 3 2 ,2 3 a th c s of t 3 ,6 5 7 t e lo e c n o of c u e b foretold T e d a n t, o rs , e . h ifferen in p e w e a d h t pg th ro e n. rth d is s s a e rtie a d u tle s of va in m rits a d w w e c O r c rre p n e t fu er a v e u th t t s re o b s ry g e , n e fak y a o s o d n a e e p rt 1 ,0 0 m u th t th s c rity h ld rs w fa a a e eu o e ill re cco in g in w s d e to th im o of £ 7 0 fro A stra rd g to th a u na 1 2 n fro ,0 0 e terio of r c a c r of th h ra te eir lie s a d e u s It is fo a n to re e ts of £ ,0 5 et0 m th in n n q itie . rtu d te c ip rem in n e p rt 1 ,0 0 e . th t th tro b h s c m n w ra er th n aG o te rita a d to th ex o of £ 0 0 to P ru a e u le a o e o th a t sa B la ter a d m re in te s g . T e e p rie c s o ld n o fla d ta e h x e ne hu h x h n e a et a n a b u e l in o e c s s W th k trolley lin s ae foreign e c a g m rk w s stro g e rly i e s fu th r a e . e in e T re b in u d rta e in to v n re o e a sp e g n e kn o e tu s m irit a e wre , la n ek thd a e ter b c m g d ll a d s a y to firm T e o in u n te d . tro g n n a rd y n n o d y a a in m n c s s b g c p lized o to s n u e a to e o S tu a a d o M n a w s in p a y ae ein a ita n o a gsin n d e to a fa in e c a g a P ris o L n o , a u ll xhne t a n o dn n bs . a is a o to a d m n to rem for m tu g c n c ls e a d it a rin o tra ts T ere w s n c a g in th o ia ra s of d fter nu s a th re w re co p ra ely free o rin h a o hne e ffic l te is o t A c uT e d y e e m a tiv ffe b a y of th E ro o n b n s th w e . T e B n g sterlin , rep en g n w ex h n e lo n y n e a pa a k is e k h of lo k an g res tin e c a g a s of B n a a C lc tta h w v r, a v n e its n te m s le of b n e ’ s o b , w ic , to e g l t a u , o ee d a c d a ra s e a s d o a k rs h rt ills h h get fro 5 p r cen to 6 p r c n a d th B k of B m irly firmra s for m n y ch k th a v n m e t e e t, n e m w o fa ith te o e, ec ed e d a g n e c . ater in th w e th fea re w s e ek e tu a b y a o ra e its ra fro 5 to 6 p r c n a ls is d te m e e t. in te d n y L T e s te e t of th N h ta m n e ew Y ork A s c te g a d s q iry for c b s to rem for s ttle e ts T s o ia d B o kin u on a le it e mn . h la t w e fa s e k iled to s o th g in in c s w ic p a of c m e ia b hw e a a h hsh w s up ly o m rc l ills a a s c tto w s o ly m g in t o n a n ra k e e m a tively few g in ra g n ra ex e te fro th e tim te of th e eto’sa d th re w re co p ra e e lly p c d m e s a s ewe , n TTTTTTTUIir d fts O e fe tu of th w e w s th sh m n ith th S b re s ry o e tio s a d go e p rts ra . n a re e ek a e ip eWo t n e u -T a u p ra n n ld x o S tu a of la t w e of $ 0 ,0 0 A erica go ec in lt Is a fo w a rd y s ek 60 0 m n th re u ld os s llo s. to E ro e T e ra s for sig t e o a g o th t d y u p. h te h xhne n a a Out of I tit. Net Change in Week Ending January 10. 1902. d n t s e to ju id o e m stify s o ex o uh p rt, a d th sta n e te Banks. Bank.. Bank HoUUngs. m n th t th s ip e t w s a s e ia tra s c bank* Interior movement. a. above 111,760,000 16,681,000 Qfln. 16 262,600 e t a e h mn a pc l n a tio w s n a a c p d a c rre t. T e fa th t th s a e3nbTreasury oper. and gold exports 21,800,000 90,800.000 Gain 600,006 c e te s o c h ct a e te m rs s il a Total gold and legal tender*...... 188,08:1,000 •26,881,000 Gain. $6,762,000 in th w e , w g is e k ith th ex e cep n of th t w ic left tio a h h h in b d te e mu t u n o T u n h rsd y fo H vre, w re co p ra a r a e m a tively s w e follow g ta le in ica s th a o n of b llio loT, is n w s rin a u p a a k. rep rted to h v b e o e re s n w y m re go thap cip l E ro e n b n s o ae en n ao h o ld e n t s n to E ro e T e ch o e t u p. h ief re s n h w v r, ao , o ee January 9.1902 January 10,1901. Bank ef a p a to h v b e th t, a a o e n te , th re p e rs ae en a s bv o d e Sold. Silver. Total. Sold. Silver. Total. w s a s p ly of b a u p ills s ffic n to m e im e ia u ie t et m d te * * S M M * m il re u m n a q ire e ts for re itta c . T e A s y m ne h stngland....... 88,625,278 a 88,626,278 29,187,788 20,187,738 rranoe.......... 97,792 209 43,788,695 141,580,901 08.684,179 43,863,898 137.307,577 O e p id $ 5 ,8 9 7 for d m s ffic a 77 5 7 o e tic b llio . u Germany...... 99,407,000 16,148.000 44,666,000 26,113.000 12,037,000 n 33,060,000 G ld received a th C s m H u e for th w ue ........ 69,784,000 8,558,000 76,292,000 78,868,000 6,401,000 80,267,000 o t e u to o s e R u la , ek A aa-H nng’y. 46,608,000 11,381,000 67,837,000 88,860,000 9,964.000 48,814 000 $ ,2 3 4 8. Spain........... 14,024.000 17,836,000 81,349,000 14.001,000 10,873,000 80 874,000 Italy............ N m a ra s for e c a g a u ifo ly q o d 16,100,000 2,062,600 18,162,600 16,688.000 1,863,000 17,881,000 o in l te x h n e re n rm u te Motherland*. 6,742,000 6,291,200 12.083,200 4,908.000 5,694,000 10,497,000 a 4 8 for s ty a a d 4 8 for s h R te for t 5 ix -d y n 8 ig t. a Nat. Belg'm.. 8.177,338 1,688.667 4,766.000 3,027,000 1,514,000 4,641,000 s PoLthl* week 316,107,816 104093062 420.200,877 297,466,917 98,509,393 896,969.316 a tu l b s e s o S tu a of la t w ek a v n e c a u in s n a rd y s e da cd Tot. Drev. w’k 116,992,083 104608798l420.498.831 295.862.829 97.787.U8l 898,139,412 o e u rte of a c n for lo g a d for c b s co n -q a r e t n n a le , m p re w a d ith th s a th c s o F a to 4 8 $ oe t e lo e n rid y, 4 @ 4 8 $ for th fo er a d to 4 8 $@ 8 for th laH E C O U R S E O F C O M M O D I T Y P R I C E S . 4 e rm n 7 4 8 e T tter, e e ru e u b o pn, h h w ile s o ro e o e-eig th of a ce t, to 4 8 $ 4h7tro b s of th C d R b er C m a y w ic h h rt s n h n 7 @T8 f. u le la m ll. rd y n c s ita d m a u s for th p tectio s aa t S tu a e e s te e s re e ro n T e to e w s s n , th u h th b s e s w s s h n a tro g o g e u in s a tten n a a to th rea tiv tio g in e c e O M n a lo g a d s o a v n e o e u rte its cre ito , c ll a n o d y n n h rt d a c d n -q aof r of a d rs a m7 e n o $m ric s a y o md s s e ce t, to 4 8 $@ 8 $ for th fo er a d to 4 8 v @e t in p e of m n c m o itie . A w n 4 4 4 e rm n is o p n id o 4 8 $ for th la 7 e tter ; c b s w re o e-e hn e ta d it, th c m a y d n t fall a victim to a le e n igu d rs n th vg p liza n o th b s of a n rm lly h h tio n e a is b o a ig h er a 4 8 $ 4 8 . T e m rk igh t 7 @ 8 h a et w s s on a tro er-ca ita p y e . T e c m a y w s h w er, in u e to in ric s h o pn a , o ev d cd for th g e rea ter p rt of th d y clo in s a . a e a, s g te d ea ily b e t ric s u h b v e O T esd y th n u a ere w s a e s r to e a d s oe t n a n a ie n , n hv savery h v in ru b r a p e m c a o e th rt d rec8 $a e g . A fa in th m rk for fin h d ru en v ra e t ll e a et is e b c b s fell o o e u rte of a c n to 4 8 $ 4 7 a le ff n -q a r e t, 7 @ e nd u s reva t s m y a a o p len o e e rs g re for th fo er a d to 4 8 $ 4 8 $ for th la b r g o s to fig re p e rm n 7 @ 7 e tter; loog is o in o in s t w s o e-e h of a cen lo er, a 4 8 f@ 8 $e T d th c m a y from d p s g of its h ld g a a n ig th t w t 4 4 4v n h . tee e o p n en e m a s mn n m rk w s s a y a u c a g d ra s o W d e dn . tiv p e . H ce th e b rra s e t, a d a et a te d t n h n e te n e re su yra e ric s nm ae e o rts for te p ra p tec n m o ry ro tio . O T u n h rsd y th to e w s d ll a d firm a d theop e l to th c u a e n a u n , n th a ly a e np ee a in a e ru e u b r o a ltera n in ra s w s in c b s w ic a v n eW n o n t im g e th t th C d R b e C m tio te a a le , h h d a c d o d o a yer t ll p l. h t th era eigh of a c n to 4 8 $ 4 8 $ F n s w re hnh c s is a a ty ica T e recen ra er gen l th e t, 7 @ 7 . ra c e p ig 's a e dm r.e in co m rc l p e h s n t c m , a a ru eclin m e ia ric s a o o e s le, o a fa in e c a g a P ris o L n o . T e a n ll xhne t a n o d n h ith u o e a in , n e s lt uh a k w s firm o F a et a n rid y. T e follow g s o s wa o t s m w rn g a d th re u of s c a w rn h in h w d ily inin o ld a ra e a tio s ilin b a w ll-m n g y e a p s d ra s for e c a g b s m of th lea g w u n tu lly b c u u sa o te te xhne y o e e d g a e in u tria c n e ,[e p c lly in a c m la n of gd d s l o c rn s e ia c u u tio d w rs ra e . ra m te l. R ctio in p e a a s te ts s c w a ria ea n ric s lw y s uh DAILY POSTED KATES FOR FOREIGN EXCHANGE. e te ris s b t it b n m a s fo w it th a n th m n rp e , u y o e n llo s re te s e W *D „ THUB., FBI.. M o n ., T u i s FBI., T is re e t p h cn rice m vem t d s rv s h w v r,, o en ee e, o ee Jan. 3 Jan. 6 . Jan. 7. Jan. 8 .j Jan. 9. Jan. 10 s m s e ia n tice o its o n a c u t. 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C tto for p y 8n @ 8 $ o e in lik 8 p r ce t h re a d n a e t 3 @ 4 o n a 4 e $ 4 3 s m th g m3 t e e n e n e rly 4 p 0 er co n for a c p n e 4 8 $ 4 8 a d g in e t a L n o ; tin u w rd of 3 p r c n b th tto c e ta c 3 @ 4 n ra c fo t o d n nr p a s 0 e e t o p y e t 48 $ 4 8 a mn 3 @ 4 in E ro e a d A erica If th s d c e h d b e u p n m . e e e lin s a en w o a re rn fro a ex g era h lly tu m n ag ted h eigh of sp t ecu T e follow g g h in ives th w ek m v m n lao n to th a e g level of fo er p rio s th c s e e 's o e e ts tio f e v ra e rm e d, e ae wu in igh e e n o in m n y to a d fro o e n m th in e terio b th N r y e ew Yo ld b le s strik g; it m t th n m a n th g ork e s bns a k. m re th n th rea ju tm n of w e t p e , s y o a e d s e t h a ric s a , a fter M y 1 9 , o th retu to n rm l v lu s w ic a 88 r e rn o a a e h h Received by Shipped by S » t Intsrier Week Ending January 10,1908. is c rta h e in erea fter to o c r w cu ith c rn B t th o . u e N . T . Banks. N . T . Banks. Movement. o o y a e o p ris n in th m rk ts to o e a e 14,411,000 Gain. 15,906.00C n tew rth p rt of th c m a Currency.............. ........................... *10,816,000 1.467,000 G old................................................ 1,180,000 Gain. 847,000 w ic h h w h v c lle a e a e a d tten n is th t p e a th tio a rio s t e Total gold and legal tender*...... *11,783.000 *5,681,000 Gain. 16,262,000 e d of 1 0 w re n t o ly re u e th s h vily fro n 91 e o n d c d u ea m January 1 , 1 0 .] 1 92 IHE CHRONICLE. 65__ c ae m n o th h h level e rlie la t y a b t w re fa b a w th w a a th t in re s in A erica c n e ig a r s e r, u e r e re q ite ell w re a lo u e s m tio m s g v ry fa a d c n u very p rs t u p n ut o e r n o tin e e is c s g q o tio s of eith r 1 0 o 1 9 . lo in u ta n e 90 r 89 n t, lly to c u te a n e th s rin a e o n rb la c e h kg M re v r, th re is s m ro mfor a u e t thtlyin o er fu o oe e o e o rg m n e a in rd d. t at n pn us n th s c m o itie a a y ra , la e fo e a in g no tra e It is a le s a o e q e tio e e o md s t n te rg rc s n ex rt d ep h th e re s p rt o e e l p c le h v b e a w rk B ra rin ip s a e e n t o . riefly th w itu e th fu m a u of d c a e in ex o of s m , e s e a r e ll e s re le a en ahd r ith tio w s th t a p lo g d s a o of u p ra im o n a n a a ro n e esn n a lle d in t rtic s h s yet b e re c e ; fo w lep rta c s tra a e ha t e d s n s a e ro n d s u tria a l ctivity th u h u th w rld h d p o s d ts m d a e d [a p rio s a lo g a h v g w ro g o t e o a ren e c ut m ee ds s lts e re s o w ith u u u l s v rity n t o ly o s p lie , cu to a in th s tra e , re u of a d c a e in c n n s a ee , o n n u p s b s o ry n s m,tio re o lw y m d te . h , fa cilities for p d c n R p a v n e in p uep n a n t a a s felt im e ia ly T ere is ro u tio . a id d a c ric s m re v r, n th r u s n rea in re t— h th r, t te s w e e u d r s c c n itio s w s legitim n e uh o d n, a ate; it m re o e a o e q e tio of g eo ly v e n rm u m n e a d a a ity m a u d th n c s itie of rea c n u e . e e its ith th e o o s A erica d m n , c p c e s re e ees s l o s m rs Inn w for fillin a e a d a o irly h v c u h u ae a g t p e rlie s g s th a v n e w s h rd e e a m tter o g th t d m n m y n t fa a r ta e is d a c a a ly v n a f ith l h p a n e ae e n d, s e u tio ; for s e u tio , if u s p o d w reit. T is is a p re tly th c s in th iro tra e p c la n p c la n n u p rte b y a wp s h us n l a e o e s c n itio s a c m la s visib la e u s ld s pelie a very s b ta tia p rt of th w rk of th la t o d n , c u u te ly rg no u re . a en ah e n tru tu l a T is is ex c h a tly w a d n t o c r in co m ix m n s h s b e m c in ry a d s c ra m h t id o c u m sd o th o ity e ills in id a d o ts e of th g s e n u id e rea t m rk ts a a w o in th y a p a e s h le e e rs reced g 1 0 .ria for n w m in 9 te l 1 ort in E very o e k o s w a fo w in th ea n nw h t llo ed e rly ca b a n . p m of tio s terfere to th t y a T e fin n ia a d in u a e r. h a c l n d stria c lla s h t s o a in e c a th s o ld in l o p T in u h n flu n e s is h u e a reve d rth n c ae ric s e in o o G rm n a d R s ia fo w p rtly a a effect a t fu er in re s in p e , w certa ly d n t e a y n u s — llo ed a s n p isfo n S c c a te a th b rtu e. u h h p rs re e righ t p rtly for in e e d n re s n b s v re rea reg rd a a m a dpn e t ao s y ee c n in s tioa t d rt e ro re s d s n tio . F ne a dE g n — s n ra c n n la d in ta tly cu iled th etra a of th p g s of in u try a d civiliza n rta e s pe or s em ered c n u u m in n n e , o tin o s a te a c d m n . C n u p n fro a vo m fa in e cits u t b rem b e a d o s m tio , m lu e r Fx e m s e ric s n e istin c u s n e , g irc m ta c s of n rm l, s ra k to a fig re b lo th a e g r a v n e in p e , u d r ex o a h n u e w e v rao of a c e da a ae y c u u tin n fa o b s a o . C n tru tio of b ild g c te b m d p s ib o ly b a c m la g in o e v ra le e s n o s c n u in s, s n m a e o s le n co t of ue as no u p s r y rb ra a s a d tro ilw y n lley lin s c m to a h lt for w ntro a h g m s of u s ld s p lie , o b a itra e a e a an l g o n ro u tio . h t c u e a a b ca ita d lin in o e n c m e e a cu v ila le p l; ec e ca o m rc rily d ttin d w p d c n T e firs re o rs is n e o pn r d ul h n e freigh ra s c u e s ila c s a n in th b a g ro s to th c m a y o in ivid a w o u d r t te a s d im r e s tio e dild eg u u nin e eo d p u to e ro of n w fo e reign s ip . E ro e n p d c rs w oe r th s c n is a t to c t in th very p s h s u pa ro u e , ta fo it; hk s e b rin la s s n h h d en a y a o m re h d b e s o e r r o a e n o verw rk o ed th t therity d th la o g c s e , o w ic tra e in g a p h of ey a e l , ro e . rice rea ju tm t d s en virtu lly tu e o er th a rn d v eir c s m rs to A erica e e d for its p sp rity P u to e m ra d p n s tively lo er level is a p c s to b re w ro e s e w re n w s a h g ea e e o e rc in g rly for a m rk t forto a co serva a e th eir n a ded erfect eq a im u n ity b th c m u ity a y e o m n s s rp s In G rm n th c s g of n m ro s in u w u lu . e a y e lo in u e u g rd s ith p in e n e n a tria e ta lis m n th l s b h e ts rew o t of w rk grea m s eoof a d it is certa ly th o ly m a s of m in u o t a w s le n a sh , in m 's p s o itio in th co p n e m etitive in ivid a c n u e , w o w e th d u l o s m rs h, hn ey co ld in g A erica uta n o e tra ld o p n s rg n n a ita d lo g e rn w a th e rn d la t y a h d to uu l fie . C m a ie o a ized a d c p lize n er a ht ey a e s e r,| a n b y o th b s of p rp tu l m in n n e of th p e n e a is e e a a te a c e ric s le s s. n a lu e a s e r g a d e d s T is, w s y w s th a tu l s a n T ata d vs m of s le of ay a a o m y fin th rea ju t h e a, a e c a itu tio . h it w o e th a u a ey h v th m e e o a e e s lv s r a s a n m k g legitim tely for lo er p em n p in l; b t for th t th itu tio a in a w ric s in t e fu la e e o b ey o ld c m o itie c n e e w h rd th k a y o e w rg n rs to b m . W d u t if th w u o m d s o c rn d e a ly in n th ill a ize n eir o e 1 ff ith p e m in in d a a a itra ric s a ta e t n rb ry dn. B t w e y u ith th u p a a t c a te of b9a y b is n le s n h p r 1 0n etter o w p rt d e tro e , n eir d m s o e tic c s d b th e d g of th y a th m re p level, th lo e y e n in e e r, e o ertin t eir ex o tra e d s y d a d th en le e s ld e a w u s q e tio n w is w a is to b th fu re of ths m v u d w to o -tim n rro fig re . us n o , ht e e tu ea o c t o n m n ? T is q e tio is co p e t h us n m lica d , p c e a te , re is ly s ju g en of la t y a dm t s e r's s a n w s rep ted c n itu tio a ea ly o fu e , b th s g la d ren in visib c n itioI L U R E S A S A G A U G E O F B U S I N E S S s d y e in u r iffe ce le o dF A n s S T A B IL IT Y . b tw e E ro e a d A erica T ere is little d u t e en u p n m . h o b th t c n u p n of a o t ev a o s m tio lm s ery im o n c h c u b n b p rta t Tm o ere o ld e o etter e id n e of th s u d e s v e c e o n ns s e n ta s a e h it md o ity in th U ited S te a th c s of 1 of ina s e n ta s t e lo e 9 1 w u trie in th U ited S te th n th ex ib of 0 ds a th h h st level of th p rio . O iro cn m rc l fa res in 1 0 is u d b R G D n & t e ig e e e d f n a m e ia od ilu 91 s e y . . u s ek e d e t s e th is u q e tio a ly tru . S a y in re oe p n a th c s of la t w e . R a in th ligh te l is nus nb e te d c Cs in y t e lo e am a v lu e of p d c n to a u p c d n d w e ly tria m rca tile a d m n fa o m ro u tio n n re e e te of th e ke ls e n n a u ctu g c s e rin la s s ac e e id t u g e elve m n s o th , fig re, co in a n w u m g lo g ith e u lly c n u u he e b e in th m s of d rin th tw q a o tin o s d vline n in u s ld s p lie o h n , is a p s n of cffare p o of th g e l sta ility of a irs c u no up s n a d o itio a a r ro f le irs e en ra b ffa o ld w ic te its o n s ry In th m in w b n t th a k d fo h h lls w to . e a e elieve b e s e o e r. A very s v re p n in M y in W ll ee a ic a a s a n to b m re o le s s ila s fa a S g e s m s tryin strik in th iro a d s e in itu tio e o r s im r, o r s re a t, a o t trerd g e e n n te l eir a llied tra e for m n s th a s s ds o th , e s a A erica c n u p n in m s o er b n des of s a d th m n o s m tio , o t th ra c u trie n hs m te ls W a ria . ith th very la e em lo m n of inb rn of P e rg p y e t sla tio ao resid t M in en cK ley in S p m e a d a e te b r, n n a d th u d u te p s e n e n o b d ro p rity of th la o gin ree , g strin en in th m n y m rk t d rin th e b rin c cs a in la s s g cy e o e a e u g e it w u b s n e if A erica c n u p n ofs qd rte of th y a in th fa of a th s a d o ld e tra g m n o s m tio la fo u to a r e e r— e ce ll ee n s ffs clo in a d n c s itie of life in g n rath r re s r a v rs h p e in s fa res it a p a tu , th g n ees s e e o w le e d e o a p n g , l, ee s ilu p e rs n t ve n a h h n tc for th g n ra n h v re a e a a m im m H d c m e ia o ry e r ig o h e e e tio . a e m in d t in u . a o m rc l T is s te of th g h s in s m tra e b e w a de s p v ile , a s rie of e e ts c u h rd h ta in s a o e d s e n e an s re a d m e k e s vn o ld a ly a a u e t for fu er a v n e in p e of a e b e fo n s w ll ca u te to u c v r it a n rg m n rth da c ric s h o e n u d o e cv m lc la d noe s m d s W grea o itie . e tly d u t th w d m of sthh e w h v referred to o b e is o uo a e a e cs . p licy a d a c n o , n re o firm d in th t view b th a tio lyzin th s fa re fig re , it w b o s rv d e a y e cn n A a g e e ilu u s ill e b e e of th U ited S te S e C rp ra n m n g m no p re w e n ta s te l o o tio 's a ath t, c m a d ith 1 0 , th 1 0 a g g te in i ea e t, 90 e 9 1 g re a s d w ic h s s t Its fa e re o te , e e in th p tee t c s a r lia ilities, b t a little e c s in th h h a e c s lu ly v n e cre m h m lle a s nu b u xes e k e d m n , a a s th p licy of m rk g u uric s of c s s th n m e b g 1 ,0 2 in 1 0 e n e a d g in t e o a in n p b r p me a e — e u b r ein 1 0 91 a itra rb rily S c fa ig te m n fa tu rs a g in e 1 ,7 4 in 1 0 , a d th lia ilities $ 1 ,0 2 7 . u h r-s h d a u c re s th st 0 7 a a es 90 n e b 1 3 9 ,3 6 6(5 THE CHRONICLE. [V O L . L X X I V , First Quar. Second Qr. Third Qr. Fourth Qr. Total. in 1 0 a a s *1 8 9 ,0 3 in 1 0 . T is inF a i l u rss 9 L g in t 3 ,4 5 7 90 h c ae e re u b e r ..1 8 9 3 3,802 2.855 2,792 3,748 18 ,19 7 In n m e a w s a s o u b r, s e h ll h rtly s o , is n t ofN iamrea............ $47,813,883 $41,026,261$32,167,179 $52,188,737 $173,196,060 hw o g t L b ilit ie s *• Average. 18,577 14,370 11,528 18,924 13,124 Im o n e It n t b in a p rta c , o e g ttrib ta le to th u fa ra u b e n vo N u b e .. 2,784 2,868 8,979 13,885 b in id n w h v m n n d it is ra er in mp rie s1 8 9 4 . $84,137,833 $87,595,973 $29,411,196 $41,849,864 $172,992,856 le c e ts e a e e tio e ; th a ........... 4,804 rt L ia b ilit Average. 14,900 18,761 10,028 10,172 12,468 a fe tu of th o in ry w rk g o t of b s “e s a re e rd a o in u u in s b .. 8,202 8,199 4,016 4,826 15,242 c s a s in p rio s of co m rc l b o a c .L iaT e rie s1............. $47,838,800 $121,541,239$82,400,821 $95,480,520 $846,779,889 a u ltie e d m e ia u y n y N u m ilita 8 9 3 h t b 14,784 37,984 20,420 10,770 22,751 is to s y th re a a s a a d w c n u to b a, e lw y re n ill o tin e “ Average. e fa res; th s a a d d to in tim s of u u u lT e regoin d c s s th t a a d m re th n a ilu e e re d e e n s a co fo hn g is lo e a ll n o a fid n e b c u e m n ru h in b s e s thth w ore s in n m e of fa res in 1 0 fell in t e c, ea s a y s to u in s e e in a e n hc n br ilu 91 h v n ca a ity for It, a d in p c s of tim th t q a ae o pc n ro e s e firs in rter of th t y a ey u a e r. W ith th t fea re in m a tu in evita ly fa victim to a e h u tio of re o let s e re d r ru h e e o er o r s m a of h b ll s n x a s n s u eth rc — a e n is y v u u m ry a th im a e p irm n of fin n ia stren th a d lo s p n g a d c n itio s (ra e t a c l g n s of vi s n e in o d n ilro d S ck E ch n a , to x a g ta lity d tin fro th s rt in b s e s F a coe m rk t, & a g m e ta u in s . in m n y a e l o l c.,) in J n a , F ru ry a d M a u ry eb a n a la s is in len pe gth of tim a va b in en va 0 , g e ria le cid t, 1ryingiven in th ronicle s w e (J n a 4 C h la t e k a u ry ), 91 e in g o p rt a o d a cco in to th a o n of ca itaapst6 a d 7 H rd g e mu t p p gu l e n . avin d n th t, h w b im re g o e a e ill e p s in th c n e . T at th to e o c rn h ere w re a few m reith th fa th t th s m n s co ta n e c s e ow o f e ct a o e o th n in o x u e th s firm e h u te in 1 0 th n in 1 0 h s ws T ey w re n t o ly b o in m n s b ee s x a s d 91 a 9 0 fa , re . h a ilu e e o n o m g o th , u hn o n n s n a n vetera te re e t, n rela n w a er to u fa o b dp e pm n lly s ; a d n le s o e w s a in pa o tio h tev n v ra le eveloo e a n c u e p d cin in o en c u h v d o a s ro u g s lv cy o ld a e evelo p m n in th t y a e ts a e r. S m m t b in o e igh e clin to a ed ttrib te th in rem in c s rro n in s T e fa res fallin in th u e c a sid s h u u d g . ae u h ilu g qn rte u t o s q e tly o s e b te n m e of d a te in 1 0 to th c s r m ue r m s c n e u n , to a c n id ra le ex u br is s rs 91 e lo e o ay ae d rs tre is efo 91 m rk t a d d c a e n is rim a n in lo n d rin recenb e c s s of tra e in ex m b re 1 0 b in tio a s u g hv ten ae en ut ae c u d m n s T e n m e of fa res m y h v b Sn ins e ia ev t evid tly m s h v o c rre o th . h u br ilu a a e e o e p c l en em a is n itio ; its p s n e is n re e c s m s a m a u a d d to fro th t c u 1 0u h h cre ted th co d o e m ll e s re d e m a a s 9b t ic e 0w , e t u rter of 1 0 , b t a 91 u l th t th s a d n m d th a rega n mv r forn t o ly in th firs q a a o e d itio s a e e gg te u bio s o n eu, e s ree q a rs of 1 0 . W a n u rte 90 e re 1 0 la 9 1 rger th n in th p v u y a c n o b of th la t th a e re io s e r a nin a t ll e erm o b a a e n h h a c p d W a s u o t fro a y s c in p re. d to d u t th t it w s th electio , w ic w c e te . e re h t u m n u h terp itte e a e a d a s s 86 n h ta n b th fa th t th D tio y e ct a e ecem er to l a b tw e th s m c n id te a in 1 9 a d w i b ta n eth n d e asio e ld s e a a e ec la t q a s u rter’s to l in 1 0 — h n th s e ia ten ano te t o ta 91 we e p c l w s c n s ver th o is u , th t g ve th d i c u in s evelo m t in 1 0 a d s e p en 90 n p from m n y o c rre , a d h n e w e th t c ss w s to b s e s d o e cu d n e c h n a a ee a k ut-b a flu n e d in e ilu e o era g— re le s in b th n m e a d lia its fin l in e c in a d g to th fa res in th fi p tin a s o u br n b ilitiesa 91 h d r ill o a th n in 1 0 ; a d w a 90 n , ith th ex e cep n of 1 9 u o e of 1 0 . T e rea e w n tice th t for eve tio 8 q ,a n r 9 rte bd s e r 9 1 e ta w u h v to g b c a grea m n y a to u s q e t q a o ld a e o ak t a y e rs s fine u n u rter of la t y a (1 0 ) th to ls ilu a b e ah ae s a s a r to ls fo th m n o for th la t q a fa ths a d lia ilities w re in e c c s le s th m lle ta r e o th r e s u rter re n n in 1 0 . A m m n c n id ra n of th ra in 1 0 . 91 o e t's o s e tio e te for0 s 9 e era d stria situ tio is f l a n lo n a o d c u g s th th u h th t th c Cs d e c In th gen l in u a s ls is o ra e e o g t a ey a oefid n e un thins e tre g e e e o ten ed th e a in t d e x m a c m e ia fa re . T ere h s b o m rc l ilu s h a een n d o iscrimr a u th n d th m re ex b a e b e e e lie t o tio in th m n y m rk a a s m rca tile of th a o e ta le is m d . O s rv th sa n p in n e o e a et g in t e n c de b v re it, h ot l e rs e a d n tim w e m rc a ts c u n t h v o ta ed o p tio . T e m s critica y a w re n o e hn e hn o ld o a e of the c m ila n b in en 83 n 86 ah e o b s e a c m o a n lo er th n o a th lega ra e ; e tly 1 9 a d 1 9 ; e c is m m ra le a b c o m d tio w a r t e l tevidn th d te ea ggle for o r cu u rren s n a cy ta d r tire c n e c h s a th tim b e felt in legitim a of a life stru o fid n e a ll e e en te f in rs 8 3 a b io s ao s e cai b s e s a d e te ris . T ere h s b e d O c u e 1 9 w s for o v u re s n th o c s u in s n n rp e h a e n iscrim o a d s s u re o t. e e e tio , b t it h s b e a a s co o te m n g h e t u in u trie s ffe d m s W w re th n n u a e n g in t rp ra a a w e no r e n m e rin a mn u ta d rd of in u tria , a a s b d p o , a a s p n a g g silver p y e ts fast; o r gold s n a d s ls g in t lin o ls g in t eggin a a ot s n une a a p e , a d th lik ric s n e e. B t co fid n e in th g wera lm s lo t. Its co tin a c w s a m tter u n e c e en s l n e c n e 80 in u d stria s a n h s rem in , w o t inof m n s o ly if th a tio of th 1 9 l itu tio a a ed ith u terruo th p s e b ws n t s y d P ilv r ill a o ta e . resid t C v la d en le e n tio , u s a e . n nhkn um t a a n o ; e ill ea g e F rth u erm re, th t th s a a d n to th fou th t b ttle a d w n th b rep lin th o a e m ll d itio e n gh o e ge e 8 0 w a a s d cto er b r of fa re in 1 0 h s n sig ific n e a ev inn e c u e of th 1 9 la w s p s e O b e ilu s 91 a o n a c s cid ac la s y e resid t o th first d y en n e a of a le s fa ra le in u s vo b d stria s a n o of th 1 9 a d s n l itu tio r e 8 3 n ig ed b th P preva b h pa o ev o g len of a y le s a s rin in e c s is m d N v u er. T at re e l, h w er, th u h it relieve ce n s s u g flu n e , a e oo io s bvem a lly s u s q e t ilu h th u h a c m ila n of a q a ro g o p tio u rterly sta mth of a n m teria a s b e u n fa res s o te e t s ne itu tio cu s re e rea ry ld s rv h h fa re . In th follow g th re rn a ca o d n t re to th T su go re e e w ic t ilu s e in e tu s re rrield o lre d o ed b re th rep lin a t w s efo e ea g c a b c to 1 9 , a d for e c of th n e y a th ilv taa a y c in ak 83 n ah e in e rs s tor ls e e n ud n a g r. a given of n m e of fa re , of a n a lia p s e h d s a re a d co tin e to e d n e re u br ilu s n ul b a s d a c tte d n ilities, u in s m in d is rb d q ire e 8 a d a o th a e g of th a n a lia ilities. b s e s re a e d tu e . It re u d th 1 9 n ls e v ra e e n ul b s g le b re th co n tru g efo e u try c u get in co d o ld to n itio Fa il u r e s — F irs t Quar. Second Or. Third Qr. Fourth Qr. Total. N u m b e r .. 1 9 0 1 . 3,835 2.424 2,324 2,919 11,002 to re p in fu th b efit g in in 1 9 . In eed a ll ^ en a ed 83 d , L i a b i l i t i e s ............ $31,703,486 $24,101,204 $24,756,172 $32,531,614 $113,092,376 “ Average. 9,506 9,943 10,652 11,145 10,279 w s n t u til 1 9 , w e a farth a v n e a n t a o n 8s hn er d a c lo g N u m b e r .. 1 9 0 0 . 2,894 2,438 2,519 2,923 10,774 s m lin s w s e ta lis e b th electio of a m j a e e a s b hd y e n a L ia b ilit ie s ............ $33,022,572 $41,724,835 $37,119,996 $36,628,280 $138,495,673 “ Average. 11,411 17,114 10,766 12 531 12,854 ity of th m m e e e b rs of th S n te a w a th H u e e a s ell s e o N u m b e r .. 1 S 9 9 . 2,772 2,081 2,001 2,483 9,387 in fa r of s u d m n y th t th field b c m c vo o n o e, a e e a e le L i a b i l i t i e s ............ $27,152,031 $14,910,902 $17,640,972 $31,175,984 $90,879,889 “ .Average. 9,795 7,165 8,816 12,55* 9,733 for u fettered in u n d stria p g s ; fro l ro re s m th t d y a a N u m b e r .. 1 8 9 8 . 3,687 3,031 2,540 2,928 12,188 o r e e ie a d re o rc s h v b e d u n rg s n su e a e e n evelo in , u p g L ia b i l i t i e s ............ $32,946,565 $34,498,074 $25,104,778 $38,113,482 $130,662,899 " Average. 8,936 11,381 9,886 13,017 10,722 in terru ted ex p cep in a s a m a u a d for a fe t m ll e s re n N u m b er. .1 8 9 7 , 3,932 2,889 2,881 3,649 13,8 5 1 m n s b th electio c n a s in 1 0 , a a a o th y e n a vs 9 0 s lre d L i a b i l i t i e s . . . . . . . . $48,007,911 $43,684,876 $25,601,183 $37,038,096 $154,382,071 x la e . “ Average. 12,209 15,121 8,886 10,150 11,559 e p in d N u m b e r. . 1 8 9 6 . 4,081 2,995 3,767 4,305 16,088 W ith th s w ll-k o n fa ts reca ee e nw o lled o e is in p , n L iab ilities ........... $57,425,135 $40,444,547 $73,284,640 $54,941,803 $236,096,134 itio in n telligen tly to s d th a o e ta le a d tu y e bv b n “ Average 14,246 13,504 19,607 12,762 14,098 s January 11, 1902.] THE CHRONICLE 07 e n p rta n ro e s e n ta co rrectly to in terp ret th t rec rd of fa res Itrgillt tra s o tio p p rtie in th U ited S t a o ilu . la w s h e ile a n h h e p ra n e b s e th t th lia ilities a th s a s in T9 1 o s of ro d o w ic th O e tio s in th r e en a e b re e m lle t 1 0 mf p n m a e re ver n e th u a d (th fig re J in o s n e u u a y of th y a g n e e rs iven ex cep in 1 9 ; th t th o ua b s d a o t 89 a e rt re 0 10 ,0 7 ile ith 5 6 m s of ,3 5 ile b r in 1 0 is lik ise s a s ex e 91 ew m lle t cep in 1 0 3 n 9 1 b g 9 1 m s) w t 9 0 a d in ein river en c a e. u rg o g ee u 1 9 . A to 1 0 , w h v a a y s o n th t tha d o e n lin s B t la e th u h th s fig r 89 s 9 0 e a e lre d hw a e d ver th e tire m a e co tro d e n ile g n lle le s n m e is w o d e to th fa th t ab o th y d n t co s u br h lly u e ct a g,o e o o h e e c e ila V lley G b & N rth a lo e o ern m n of th victim its d tu in co d n Ta s d o n of th G a y e s is rb g n itio s c u a c u ts y o n io ra s s a s y re w re left o e to d a d b c u te in 1 0 ; th .c n th S n A ton & A n a P s R . a e vr ie n e o n d 9 1 Re a d e a n is o h d s 1 ile o d n of th la s y a c n e u n itio s is te t e r o s q e tly c n ktp ee a te a d d tin t. T is a d 8 3 m s m a n e bs p ra o t a ile g . d itio e o th rn c a e w h rg d ith c u in th d m e of th s d re th . ra a s g e e is e e eto ts lic e ilro d m a e In a d n th S u e a e e d o e d y e p rt, It is q ite d u ifferen w t ith 1 9 ; th s p rio recocific, d rin th p rio c v re b th re o a 89 e u e r P rd of u g u ire nw , n l e a a te th t y a c n b n s rp e for it w b rem d a is k o n co tro of th P cific M il S a a e r a e o u ris , ill e q em , s h h h 0 2 ile a r e b re th t 1 9 fo w th firs y a (1 9 ) in w ico p n w e d a 8 9 llo ed e t e r 8 8 s ip C m a y ith its 1 ,8 1 m s of w te lin erefo re, th ere a 9 3 m s of ra re ,8 0 ile ilro it h d b c m p s ib to s c re th fu fru Aof geth a e o e o s le eu e ll its ltoth er, th e a d 1 ,1 6 m s of w te lin s o 2 ,0 6 m s c n 6 8 ile a r e, r 6 1 ile o c n s b g n in 1 9 . o te t e u 83 gg te ro s c ip e a u It is u e l to s d th s fa s fu tu y e e cts a d to b c btin . T e a rega g s re e ts of th v rio n e o in d n eu h s e te c l e r e v in o s m d l of th m for th u ly in fu e , ey tell u w a ro e rtie in th la fis a y a w re o er n ety s h pth e t p ey a e u co n u try h s g in in a in u tria w y a d m w it d lla ($ 0 8 ,0 1 a d th e rn d a s a a ed n d s l a , n hillio o n o rs 9 ,1 2 0 ), n luw xes e h rg s n rd a p t h s g in d it. N o e is p a a e o n erm itted to d u t n s in e c s of fix d c a e a d o in ry o era o bp o x mu t 1 ,2 0 7 — m h h th t th m k g of o r d lla w rth a d lla p p n e in a o n of $ 4 8 ,8 9 fro w ic t a e a in u o r o o r e id a s a e s n e e an d n p h n re fo . It w s a p in s c re a n th a esw g in a id a of th m g itu e a d im o u d d ld a o t e u d lo g relin r ill a e de c y e o th rn a o b a n h n of th t u iv rs l tru th t h n s is th b sap e of.th S u e P cific c m in tio . T e U i a n e a th a o e ty e e t n lic o a h h n l e o th rn a S m d c e to a c p th t o m x . T eyP cific itself, in w ic co tro of th S u e P ci o e e lin c e t a ld a im h tell u s o n e a e c l e r clu in it is n t tru in b s e s o in p litic . T is n w re ts e rn d in th s m fis a y a (in d o e u in s r o s h c u s , a e th n e e re o a tio n e try’s ex e n e h s e ta lis e it a o e of th fu p ra n of th O g n N viga n a d th O p rie c a s b h d s n e e od tio s n 4 ,5 8 8 ro s a e ta . It h s th s p s e b y n th s h o S o L e) o ly $ 3 3 ,1 1 g s . m n ls a u asd eo d e p gre of rt in en h T e in o e a c u t inth rep rt, a a a y s t h c m co n e o s lre d ta a u e t u in th re lmof c ro rie . rg m n p to e a o lla s d e n t e b c th o e tio s of th tw s a o s o m ra e e p ra n e o ml ro d m n n d o of th P cific M il S a s ip a s e tio e r e a a te m h S O U T H E R N P A C IF IC R E P O R T . C . O th t b s g s re e u s from o e tio o n a a is ro s v n e p ra n O in to th p s u o o r c lu n o c aio $d ,2 4 9 , w ic is a in re s o er th y w g e re s re n u o m s c a re e 7 4 ,8 8 h h s n7 n c ae v e e re e k g e s lts r e re io s e r b th e te s e ta le of p e a d a n a p ie d g (ta in th re u fo th p v u y a y e x n iv b s ric s n n u l revc win e te e r— a ith th H u to e o s n w ic w a a s in o o te in th firs n ma re a for th la y a th t is w h h e lw y c rp ra e t u se o s bm f th y a w w re u a le la t w e to m k s Tc a C n l s s m fo erly k t s p ra , in lu e e r, e e nb s ek a e p ee fo e tra y te , rm ax sr ep e a te c d a a a s of th rep rt of th S u e P cific C le th n 8 m n n ly is e o e o th rn a of n s om o s a | illio d lla — 8 5 ,0 0 $ ,0 n o rs $ ,5 5 8 ; 2 p n , th u h w g v u a U a y o g e ae p rge n m e of p8 e of th in re s c m fro th p s e g r d a u br a3 s in is c a e a e g3 m e a s n e ep o r ra u ilro d d p rtm n to th p s n tio ofe t. E p n e w re a g e te $ ,1 3 1 , sti a e a e t e re e ta n m th ne x e s s e u m n d 4 4 ,8 7 lea in fa ts a d ta le a p a g in th rep rt. vine h w v r, $ ,4 1 6 in re s in n t e rn d g c n b s p e rin e oleaT g o e e h, 4 1 ,2 3 c a e e a in d c m n is h w v r, of u u u l in rest o h is a $ 8 4 ,8 1 for 1 0 0 , a a s $ 3 3 ou e t , o ee n s a te n thh re 2 ,1 6 7 w ic 9 0 1 g in t 2 ,7 0 h v ra e gth of ro d o e a p o c s n b c u e of th c a g in th o n rs 7 for 1 8 -1 0 . T e a e g len c a io , e a s e hne e w e 6 ip o 8 9 9 0 h f th p p e ro erty w ic o c rre d rin th y aa a d a 8 5 m s a a s 8 1 m s T a i h h cu d u g e e r, d w s ,6 5 ile , g in t ,2 5 ile . h t ten it de e e ca fu c n id ra n s rv s re l o s e tio . w ith 5 3 p r c n in re s in ro d th re w s 5 e e t c ae a , e a T e rep rt is in th u u l e b ra fo , c 1 ta5 e c n in re s in g s e rn g a d 1 ’ h o e s a la o te rm o 2 inp r e t n’4 c ae ro s a in s n 8 c ae e a in s clu in in 7 p g s (folio size), w ic in lu e a th p-p c e t in re s in n t e rn g . In d g g 6 ae h h c ds re e a e e r gn is te ro s c m in e . T e o e tio s a d fin n e a givenm c lla e u re e ts a rega g s in o e w dx h p ra n n a c s re w ea n o s c ip , gg ith 1 te ot p rta t ct, h w v r, d o ee wa e lth of d il a d a c a e s a d fu e s of8 ta0 ,6 2 T e m s im o n fa eta n le rn s n lln s $ s ,1 7 7 . h o a hw u lu m n th t le v s little if a y in to b d s c fro b th rep rt is th t it s o s a s rp s for t e t a ae n th g e e ire lo em y e d sd th s n p in of eith in esto o th p b . elve m n s in th s mof $ ,4 6 6 ,R fte m e ta d o t er v r r e u lictw h T e o th e u 3 5 ,5 0 a r ee m tter is a n e , to , in th b s p s ib m n hr, e ^ n s e d g n le s th n $ ,8 4 0 a rra g d o e e t o s le a c e rg s a d p n in o s a na ll a 6 0 ,6 9 th m th d of th tra ed a c u ta t b g b tte e ts a d n a d n w e u m n It h n e e o s e in c o n n ein every n , d itio s n e rm e q ip e t. e w e vis le w ile u n c s a tech ic litiep aa th t w o t th s e ia p v io fo b h re ib , h n e e s ry n a a p re s e rs a ith u is p c l ro is n r ett sk ilfu lly a o e . B rrin th P n s lv n m n , & ., th s rp s o th o e tio s of th v id d a g e e n y a ia R il a e ts c e u lu n e p ra n e ro d th re is n o e c m a y in th co n twh ee o th w u h v b e o er ten m a e o th r o p n e u try wlvs m n s o ld a e e n v eo illio n e e t n e 1 a irs e b c s m n s p ra c rp ra no a rs $ 0 6 ,1 9 e u l to 5 p r c n o th $ ffa m ra e o a y e a te o o tio d lla d s n — 1 ,2 1 6 , q a 4e 8 o th rn a o p n to k p p rtie , m k g th p b m of p s n g8 7 re8 of S u e P cific C m a y s c . ro e s a in e ro le re e tin th ,7 s lts in a in u n telligib a d yet c m re e s e m h e o is very fra k a d s te th t a c n i le n o p h n iv a nr Tn rep rt e n , n ta s a o s ra le e c a in a iD s h u b n m a s a e s o e A d n w e e e w b a p rt of th in re s g e rn g s o ld con y o e n n ay n. n o h re ls , ee m y a e evo ted to a th p y ic l im ro w rd e h s a p vem e s y a th s re u m n m re s c e s llytint. to b d a , re e e q ire e ts o u c s fu mu ee T e Ila h rrim n u n L eb & C ., o U io P cific ro e a -K h , o o r n n of th p p rty a d a d n th re . T is is n c a e n d itio s e to h ee p o le m s b cred e p , ut e ited w ith h vin ex a g ecus ryait is a e d in o e to b g th p p rtie ted , a v rre , rd r rin e ro e s m s r s k w e th a te tro e h n ey a q ire co tro of th e h h s n a c u d n l to th ig e ta d rd of th o er tra s o tin n e th n -c n e t Su e o th rn P cific. T is is s n t o ly b c ulin s s m of w ic w re b ilt in m re re e t y a a h o o n e a s th, o e eee h h e u o cn e o tlo k for th t p p u o a ro erty s e s a th m m ot h ne h d e p n e o th m la e s m in re o em t e o e r uv a x e d d n e n a rg u s c u u lly b s a righ a d b c u e p s e s n of th s tru tio a d for a d n , d rin re e e h s t n e a s o s s io e s mch s n a e a n d itio s u g c iv rs ip e s re to th U io P cific th co tin a cLof its u y w a o b n c s a , it is d c re , nu d e n n a e n u n ea rge o tla s ill ls e e e s ry e la d o tlet o e th C n l P cific to S n F n isb , b u th rollin s c to m re re e t s n a u v r e e tra a a ra c crin u p e o gt g to k o c n ta d r a o b c u e th S u e ls e a s e o th rn P cific is a a y of ca a ity a d e o o ic l w rk g e ie c . a lre d o an c n p n c n m a o in ffic n y e ta lis e foot'n a d a a in e e d n p p b io s w s b hd g n , s n d p n e t roOrty u ly ith a ex e d re o t of e rn g o e v, n p n itu u a in s c n titu s in p in of m a e a d in o e o’ e e rlye e e m o s te o t ile g n c m nnof th s v n illio d lla in a s g y a a d w a n o rs in le e r, n 68 THE CHRONICLE. an expenditure for the same purpose of $1,386,189 upon capital account, it ought not to take very long to briog the property up to the required standard. It should be noted that entirely apart from these special outlays the ordinary oharges for repairs and renewals have been increasingly liberal in recent years. Of the $4,143,817 augmentation in operating expenses during the year, already ref erred to, $1,902,960 occurred under the heads of maintenance of way and structures and maintenance of equipment. The expenditures for main tenanceofway and structures averaged $1,161 per mile of main and second track, against $1,080 for the year preceding. The Atchison in 1898 and 1899, when its outlays were unusually heavy, spent respectively $1,194 and $1,091 per mile of main track, but in 1900 and 1901 spent only $865 and $824. On the equip ment the Southern Pacific’s ordinary expenses for the late year averaged $2,439 per locomotive, $825 per baggage, express and postal car, $745 per passenger car and $61 per freight car. That the property is being worked with increasing efficiency is manifest from a number of things. Thus the rail lines were operated at 62-85 per cent of their gross receipts in the late year, as against 64’59 per cent in 1900—this, too, notwithstanding the increased cost of fuel. There has also again been an addition to the average train load, which has been raised further 16 tons, bringing it up to 305 tons per train mile. It is well to note that, as only an average of 77 locomotives had been changed during the year to burn oil, there was only a small saving on that ac count. Quite a number of locomotives, however, are now being changed to burn oil, and the report states a considerable saving is expected henceforth. There was a net addition to the funded debt during the twelve months in amount of $15,814,923, but in the year the company acquired the Pacific Mail Steamship Company, as already noted, and spent $5,606,410 in the construction of new lines, &c. We also observe that the item of loans and bills paya ble which appeared in the balance sheet for June 30 1900 at $7,406,768 has been reduced to $800,000. Both physically and financially, therefore, the prop erty seems to be in good shape, with its standard and efficiency being steadily raised, and with the manage ment intelligent, progressive and far-sighted. [Y ol. LXXIV. Funded loan oj 1 9 0 7 , 4 %. Principal. Apr. . $6,160,060 2,883,100 M a y ............. Ju u e............. 3,950,550 July ............. 918,300 Aug............... 2,346,500 B e p t ............. 5,869,750 O ct ...... 969,250 Nov............... 4,072,450 Dec................ 3,138,400 Accrued interest. »6,735 68 12,877 57 31,246 21 1,228 08 12,100 63 48,537 72 909 95 19,645 92 28,920 39 Net Premium. $828,350 09 380,958 87 515,167 37 118,325 72 297,298 83 749,720 37 119,730 65 495,780 68 374,964 79 Total paid. $6,985,13577 3,276,93144 4,496,96358 1,037,85380 2,655,89946 6,668,00809 1,089,89060 4,587,87660 8,542,28618 Total....... $80,208,350 $162,202 15 $3,880,292 37 $34,340,844 52 Loan of 1925, 4%. Sept............... $8,860,600 $16,304 60 $3,512,617 34$12,419,521 94 O ct ............. 4,897,100 34,901 11 1,923,938 89 6,855.94000 Nov................ 6,508,350 8,677 64 2,551,960 73 9,068,98837 Deo................. 2,430,750 10,221 21 950,723 10 3,391,69431 Total....... $22,696,800 $100,104 56 Loan of 1904, 5%. May ............. $441,600 642,700 J u n e............. J u l y .............. 350,100 A u g .............. 175,950 286,600 Sept............... O ct ............. 16,000 Nov................ 805,400 Deo................. 169,900 Total....... $2,878,250 $8,939,24006 $31,736,144 62 $1,367 85 3,44193 3,161 59 649 53 1.675 42 132 53 1,647 88 878 65 $37,899 08 63,917 60 28,733 28 18,877 59 22,478 62 1,195 09 57,033 29 10.973 82 $480,86693 700,059 58 381,99487 190,47712 310,75404 17,32762 864,08117 171.75247 $12,955 88 $226,108 37 $3,117,31375 RECAPITULATION. Aggregate Purchases. Apr................ May ............. Ju n e............. J u ly ............. Aug............... Sept............... O ot ............. Nov............... Dec................ Principal. $6,150,050 3,325,940 4,883,530 1,665,020 2,836,010 15,673,970 5.943,470 11,960,820 5,783,370 Aecrued interest. $6,735 68 14,247 70 35,804 57 6,577 00 13,185 35 98,781 82 36,252 38 30,322 08 40,213 44 Net Premium. $828,350 09 418,959 20 593,811 48 180,596 11 337,304 54 4,339,518 75 2,049,871 77 3,151,191 87 1,340,988 44 Total paid. $6,985,13577 8,759,14690 5,513,14605 1,852,19311 3,186,44989 20,112,27057 8,029,59415 15,142,33395 7,164,57188 Grand total.$58,222,180 $282,070 02 $13,240,592 25 $71,744,842 27 CLE ARIN G S A N D S P E C U L A T IO N I N 1901. Very naturally the records of bank clearings for 1901 partake of the character of the business con ditions which prevailed in that year. The volume of trade during 1901 was of unsurpassed magnitude. Stock Exchange speculation, too, far exceeded that of the most active previous year. At the same time, the year was marked by the carrying through of finan cial undertakings of huge dimensions—the organiza tion, for instance, of the United States Steel Cor poration, the purchase by the Hill-Morgan people of the Burlington & Quincy, the acquisition by the Harriman-Kuhn, Loeb & Co. interests of the Southern Pacific, etc., etc. Under these circumstances, it was TREASURY BOND PURCHASES IN 1901. inevitable that the totals of clearings should rise to We have obtained from the Treasury Department previously unequaled proportions. The extent of the at Washington, and print below, a statement of the expansion will nevertheless be a surprise, we imagine. bond purchases by the Secretary of the Treasury for It furnishes striking testimony to the phenomenal each month of the late calendar year. The compila activity which distinguished this period of twelve tion is arranged so as to indicate the amount of each months. class of bonds bought and also so as to show sepa It is hardly needful to say that the increase in rately the premium and the accrued interest on each clearings has been especially marked at this centre, issue. Purchases began in April, and it will be seen where so muoh of the country’s speculation and so that from that time to the end of the year the Secre many of its financial operations are carried on. Here tary bought altogether $58,222,180 of bonds, par value, there had been a falling off the previous year in the for which he paid $71,744,842, $13,240,592 of this rep aggregate of exchanges as compared with the ex resenting premium and $282,070 accrued interest. traordinary total of 1899—13 4 per cent decrease. For Loan o f Accrued Net 1901 there is an increase over 1900 of more than 50 1908,3% Principal. interest. Premium. Total paid. May ............. $1,240 $2 28 $106 25 $1,34853 per cent. Even outside of New York, however, where J u n e............. 290,280 1,116 43 24,726 51 316,12294 the clearings in 1900 had held their own, there is a J u ly ...... ...... 396,620 2,187 33 33,53711 432,344 44 For the whole country the A u g............... 313,560 385 19 26,128 12 340,07331 gain of 16-5 per cent. Sept.............. 657,020 2,264 08 54,702 42 713,98650 addition has been 37-5 per oent, whioh follows a Got. ............. 61,120 308 79 5,007 14 66,43593 Nov............... 574,620 350 64 46,417 17 621,38781loss of 8*5 per cent in 1900, but a gain of 36 6 per oent Deo................ 54,320 19319 4,326 78 58,839 92 in 1899, of 20*2 per cent in 1898 and of 11-7 per oent Total....... $2,348,780 $6,807 93 $194,951 45 $2,550,539 38 in 1897. THE J a n u a r y 11, 1902.] CHRONICLE. In amount the 37 6 per cent addition of 1901 represents an increase of over 32 thousand mill ion dollars, which figure will probably impress the reader more forcibly than mere words could do. The grand aggregate of the clearings for 1901 is 118£ thousand million dollars, as against 86 thousand millions in 1900, 94 thousand millions in 1899, 69 thousand millions in 1898, and 57 thousand millions in 1897. It will be observed that the total for 1901 is more than 100 per cent greater than that for 1897, only four years before. As a matter of fact it is almost double the amount of every year preceding 1898—which shows how rapidly the country's activi ties have been expanding recently. The following is the clearings record back to 1880. 69 For the New England group the increase is 155 per cent, for the Middle Western 16*4 per cent, for the Far Western 11*8 per oent, for the Pacific 17*7 per cent and for the Southern 18-2 per cent. Here is a table, showing the clearings by groups for every quarter of the last five years. Clearings Reported. (000s omitted.) F ir s t Q uarter. Second Q u arter Third. Q uarter. Fourth Q uarter. T o ta l Y ea r, $ $ * t $ (1901. 19,011,550 24,828,103 10,058,014 18,034,419 70,427,080 18,440.508 13,067,702 9,892,526 10,227,406 52,034,202 1900. New York................... 1890. 16,148,474 15,881,751 13,178,774 15,557,793 00,761,798 1898. 10,024,500 9,280,198 9,902,793 12,104,232 41,971,783 (1897 7,021.688 7,120,471 9,223,105 10,055,803 33,427,027 (1901. 2,279,886 2,702,200 2.229,867 2,485,973 9,697,435 1900. 2,007,372 2,175,027 1,880,665 2,177,107 8,240,281 Total other Middle.... 1899. 2,112,341 2,146,800 1,027,770 2,104,201 8,851,271 11808. 1,528,042 1,502,000 1,440,210 1,080,677 6,168,128 (1897. 1,236,013 1,250,015 1,384,007 1,507,838 5,876,468 C LEARIN GS. (1001. 1,995,056 2,178,400 1,887,098 2,030,108 8,090,727 1000. 1.795,091 1,732,101 1,507,440 1,975,971 7,010,608 Per Ct. Per Ct. Clear Per Ct. Total New England... 1899. 1,965,307 2,019,332 1,919,739 2,104,807 8,009,146 | New York Total Ino. or ings Outside Inc. or Ino. or Year. 1898. 1,581,960 1,421,211 1,442,218 1,781,702 6,227,091 Clearings. Clearings. Dec. New York. Dec. Deo. 11897. 1,374,075 1,422,479 1,479,868 1,608,103 5,879,525 1001........... $79,427,685,842 +50-9 $89,093,148,706 +16-5 $118,525834548 +87*5 (1901. 2,025,167 2,912,131 2,838,460 3,158,876 11,534,624 1900........... 52,634,201,865 — 13'4 1900. 2,438,806 2,508,586 2,353,761 2,607,565 9,008,718 33,571,486,818 + 0 -5 86,205,688,083 -8 -5 1809........... 60,761,791,901 +44*8 33,416.297,332 -{-23*9 94,178,089,233 +30-B Tot. Middle Western. 1899. 2,290,987 2.348,000 2,285,840 2,581,022 9,505,855 1898........... 41,971,782,437 +2 5-0 1898. 1,859,866 2,029,190 1,830,430 2,183,941 7,907.866 20,959,415,287 +12-6 68,931,197,724 +20-2 1897 .......... 33,427,027,471 +15-8 1897. 1,420,915 1,593,833 1,709,788 1,974,702 0,099,238 23,894,945,735 + 6 -4 57,321,973,206 +11-7 1898...... 28,870.775,056 -3 -3 22,463,156,383 -4 -2 51,333,931,439 — 3‘7 (1001. 433,886 469,001 495,920 574,891 1,973,707 1895.......... 29,841,796,924 +22-3 23.430,494,490 +10-1 63,272,201,414 +16-6 1900. 376,210 402,194 423,375 475,328 1,677,110 1894.......... 24,387,807,020 -220 21,157,303,037 -7 -6 45,545,110,050 — 15-9 Total Pacific............... 1899. 327,431 302,036 400,848 452,473 1,548,787 1893........... 31,261,037,730 — 14-7 22,962,270,278 — 9-4 54,223,308,008 — 12‘5 290,542 350,244 1,248,835 1898. 299,975 308,074 1892........... 36,662,469,202 + 8 -6 25,348,638,020 +1 0-8 62,011,107,222 +9 -5 ,1897. 215,959 237,990 287,359 336,272 1,077,580 1891........... 33,749,322,212 -9 -9 22,987,037,805 -0 -8 56,736,360,017 - 8 ’4 1890...... . ri901. 038,520 670,329 721,692 865,844 2,905,885 37,458,607,609 + 4 -4 23,165,332,888 +14-2 00,023,940,497 + 7 -9 1889........... 35,895,104,905 +15-4 1900. 581,658 637,898 634,482 744,435 2,598,473 20,280,223,091 + i o - o 50,176,327,996 +13'4 1888........... 31,100,027,521 - 7 -1 18,441,607,367 ++3 49,541,634,888 — 3-1 Total other Western. 1899. 493,261 531,092 579,304 693,723 2,207,979 1898. 451,419 510,194 477,159 024,111 2,062,883 1887........... 33,474,556,268 -0-6 17,072,972,826 +13-2 51,147,529,094 + 3 -8 .1897. 370,782 408,029 430,380 561,136 1,770,383 1886........... 33,676,829,612 +19-6 15,616,891,606 +17-2 49,293,721,218 +18-9 1885 ......... 28,152,201,330 -9 -1 13,321,839,708 +0-8 41,474,041,044 -6-1 1901. 1,103,091 1,180,105 1,080,642 1,430,343 4,890,271 1884........... 30,985,871,170 — 17-2 13,214,113,613 -7 -6 44,199,984,783 -1 4 -0 1900. 1,053,757 930,063 897,670 1,254,856 4,130,346 1883........... 37,434,300,872 -20-2 14,297,171,924 + 2 -4 51,781,472,796 -1 5 -0 1809. 903,233 863,339 855,422 1,081,261 3,703,255 1882........... 40,916,955,031 -5-0 13.962,286,579 - 0 - 9 60,878,241,610 -+•0 Total Southern....... 1898. 867,218 760,498 716,172 981,714 3,325,602 1881.......... 49,370,882,888 +27-9 14,094,506,361 +23-9 63,471,389,244 +27-0 1897. 750,714 097,461 700,127 931,499 3,091,801 1880........... 38,014,448,223 +32-1 11,875,400,000 +2 2 -4 1 49,989,848,223 +29-7 (1901. 20,070,594 34,944,425 25,318,302 29,186,514 118525835 1000. 21,609,481 21,453,501 17,590,920 25,402,727 86,205,689 The gains extended through every month of the Total all......................( 1899. 24,235,994 24,153,009 21,153,712 24,635,374 94,178,089 11898. 17,213,070 15,812,055 18,110,633 19,706,521 68,902,188 year, there being no month recording a lower total 11897. 12,395,046 12,736,284 15,220,730 16,009,913 57,821,978 than the corresponding month of 1900, either with or riooi, 9,165,044 10,121,322 9,259,688 10,552,095 39,098,149 without New York. During the first ten months, Outside New York ■••• ] 1900. 8,252,913 8,385,859 7,697,394 9.295,321 33,571,487 1sno 8,092,520 8,271,258 7,974,938 9,077,581 33,410,297 when comparison was with diminished figures in 1900, 1898. 0,588,519 6.531,857 6,207,740 7,602,289 20,980,405 11897. 5,373,458 5,609,813 5,997,625 0,914,050 23,894,946 the percentages of increase were very heavy, ranging 1801. 418,988 474,108 473,787 529,780 1,896,669 from 25 to 75 per cent. In November and December, 1900. 372,411 391,958 385.348 436,572 1,586,889 395,913 393,450 1,027,322 when comparison was with increased totals in 1900(the Canada................ .— ■ 1899. 388,348 324,690 337,202 419,611 1,387,582 377,697 1898. 347,987 re-election of President McKinley having at that time 247,780 278,785 306,794 350.693 1,184,053 L1807. occasioned a revival both of speculation and of busi ness), the percentages of gain were more moderate. M O N T H L Y C LE A R IN G S. Clearings, T o ta l A l l . C lea rin g s O u t s id e N e w Y o r k . M on th . 1901. January. .. February M arch....... 1st quar.. April........ May.......... June.......... 2d quar... 6 months. July.......... August.... September. 8d quar... 9 months October..., Notember. December.. 4th quar.. Tear........ In the C h r o n i c l e of Saturday, January 4 1902, we gave a detailed statement showing the figures for the last two years at each city. There are only four places in the whole country which, for one reason or another, fail to have an increase over 1900. In the following we furnish a four-year comparison of the totals for the leading cities—for December and the full twelve months. 1900. P .C t . 1901. 1900. P.C t $ $ t $ 10,716,440,805 7,643,048,256 +40-2 3,315,325,982 2,978,468,861 +11-3 8,368,808,924 6,482,824,388 +29+ 2,735,214,309 2,486,293,289 +10-0 10,003,589,738 7,625,740,697 +31-2 3,116,749,004 2,790,289,267 +11-7 B A N K C L E A R IN G S A T L E A D IN G C IT IE S . 29,078,839,10: 21,701,619,191 +84-0 9,167,289,336 8,266,051,417 +11-0 12,010,428,193 7,472,974,161 +80-7 3,373,639,617 2,750,727,208 +22-4 1901. 1900" 1899. 1898. 1901.“ 1900. 1899. (000,000* 12,826,972,748 7,310,832,516 +75’4 3,500,540,863 2.838,686,466 +234 % $ * om $ $ $ $ 10,106,778,513 0,607,610,610 +51-6 3,244,908,258 2,793,408,269 +10-1 Se-w itted.).. . 6,316 5.9V7 5,348 4,652 79,428 52,634 60 7 6 * Y o rk 609 557 7,192 6,180 7,086 593 560 Boston......... 84,948,179,464 21,461,428,276 +02-0 10,119,070,228 8,383,720,032 +20-7 600 615 573 7,756 6,800 6,612 718 Chicago___ „. 64,021,018,919 43,168,042,467 +48-4 19,280,366,583 10,638,772,840 +16V Philadelphia 431 437 390 5,475 4,678 4,811 460 152 141 2,271 1,689 1,638 164 225 . 9,866,718,351 6,266,080,134 +49-7 3,283,788,320 2,704,365,200 +21-4 9t. L o u is .... .. 92 2,048 1,616 1,528 144 127 173 P ittsbu rg 7.986,144,108 .5,707,829,101 +89-9 3,066,596,238 2,523,040,688 +21'1 B altim ore... 99 100 97 98 1,192 1,084 1,210 93 72 1,178 1,030 971 88 7,966,438,816 6,626,611,148 +41-5 2,919,806,200 2,469,088,614 +18-1 San F r a n ’oo. 105 74 71 56 973 796 748 82 Oiuoinuati... 26,818,802,867 17,589,920,386 +43-9 9,259,688.924 7,697,394,302 +20-3 K an sas City. 59 49 775 81 918 648 82 73 56 53 604 557 458 74 89,889,821,286 60,742,962,853 +47-1 28,540,064,457 24,386,160,051 +17'3 S e w O rlean s 31 462 425 413 39 37 41 L o u is v ille ... 680 63 56 50 626 540 72 9,581,618,614 7,621,319,823 +25-1 3,581,096,003 3,045,087,643 +17-6 M inneapolis. 519 46 38 566 703 51 61 9,848,800,618 8,768,997,164 +126 3,480,081,349 3,054,067,751 +14-1 C le v e la n d ... 575 38 428 415 37 31 59 9,806,090,180 9,082,408,848 +8-0 3,490,316,297 3,185,274,773 +11-3 Detroit........ 30 326 335 82 26 349 30 Providenoe.. 287 26 27 25 298 328 31 29,186,613,262 25 162,725,880 +14-6 10,652,004,849 9,235,320,107 +13-2 M ilw au k ee.. 317 297 331 27 26 31 27 O m ah a........ 118,626834648 66,205,688.683 +37-5 30,098,118,706 83,671,486,818 +10-5 Buttalo........ 259 253 22 20 304 23 28 When the different cities are arranged in groups ac cording to their location, a pretty close uniformity is found to exist in the percentages of increase—barring the Middle group, where the inclusion of New York makes the percentage large, namely 46*4 per cent. 24 23 12 19 840 260 136 228 270 247 120 217 261 239 136 178 37 27 12 19 26 23 10 18 T o t a l........ Other oltles.. 9,336 470 8.669 413 8,017 7.051113677 81.898 90,845 65,748 311 4,849 4,807 3,833 3,183 362 T o ta l a l l... Ontelde N .Y . 9,806 3,490 9,082 3,135 8,879 7.362 118526 86,205 94,178 68,931 3,031 2,710 89,098 38,571 33,416 26,909 C olum bus... St. P a u l....... H a rtfo rd ___ D e n ve r........ 19 23 10 14 *1898 $ 41.972 5,426 5,517 3,672 1,455 975 940 813 646 585 436 347 460 389 347 265 262 320 216 209 221 124 151 THE CHRONICLE. 70 Ou the New York Stock Exchange, as every one ib aware, dealings daring the early months were ou an unparalleled scale, the speculation eventuating in the M iy panic, la April the sales on the Stock Exchange aggregated 41,719,086 shares, as agaiust 54,654,096 shares for the full year 1896, and on April 80 all rec ords for a single day were broken in a total of 3,281,226 shares. After that the volume of business fell off, bat still remained more than ordinarily large. We subjoin the monthly record for the two years. 1900. 19«N. U om n V u m i-e r >t Shares. V alu es. P a r. 1 Num ber it Shares. A ctu a l. Values. P a r. A c t u a l. 1 1 » 10.885,065 2,911,531,850 2,081.745,875 9,843,716 940,681,487 687.248,018 718,077,507 1,998,822. 8,136,037,450 .,578,947,695 10,105,802 078,723,985 :7.0a0,908 8.624,011,150 1,097,984,688 14,446,7 »2 1,400,033 650 1,101,018,407 Jan r«b . M a rch 1st q r 79,348,846 7,661.480,150 V758.677 661 14,485,890 3.333,238,962 2,600.938.092 A p r il... 41,719.086'4.089.407,800 1.515,023,887 14,772,978 1,434,106,700 903,298,900 M a y .... .41,292,803 3 140,179,575 .683,101.469 9,610,473 704,924,650 J u u a ... . 9,795,612 1,930,755 550 1,609,649,867 7,808,687 KALE* OF FLOUR, WHEAT, &C., AT N EW YORK PRODUCE 977.081,461 610.4H .418 455.082,864 2d Qr. 96,806,90119,460,342,925 7,707,774,623 11,601,138 3,041,830,250 2,042.065,248 EXCHANGE [Tw o ciphers (00) omitted from the figure % for Wheat, Corn, Oats, Bariev and Rye.] V ic a r . Bbls. 1st q u a r te r , ’ 0 ) 058.800 ’00 972,840 ’09 1,110,410 ’98 954,050 *• ’ 97 810,700 710,200 Q u a rte r, ’ 0. “ >00 837,900 “ ’ 99 906,240 “ “ " 3 C o rn . Bush. 1 Bush. 128,258.0; 14,4 58,0 147,141,0| 14,584,0 O a ts . Bush. B a r l’ y & M a !t R ye. Bush. Bush. 405,0 7.1*1,' 80,0 0.898,8 1.46 ,0 212,0 4,629,0 240,0 809,0 7,932,0 902,0 950,0 7,821,0 1,081,0 1,015,7 32.0 818,0 0,840,' 471,0 794,' 7,081,0 020,0 9,890,6 818,0 300,0 4,250,6 12,145,0 18,085,0 20,621.0 14,315,0 210,270.0! 257,769,0 223,588,0 830,174,0 401,289,0 213,800,0 234,801,0 141,055,0 103,380,01 434,528,0 200,470,0 239,708,0 28,270,0 85,879,0 31,550.5 43,817,0 24,043,0 27,170,0 84,086,0 30,104,0 81,506,o 88,298,0 18.085,0 22,803,0 11,612.0 2,500,0 1,331,6 7,751,0 1.190,0 1,808,0 10,824,0 1,488.0 1,828,0 526,0 8,160,0 44,0 150,0 7,2-0,0 3-0,0 140,175,0 19.853,0 180,103.0! 40,894,0 ’ 97 1,109,5901 *50,457,0 34,820,0 4,199,6 1,735,0 149.0 5,501.0 1,002.0 ! 1,904,0 10,332,0 1,177,0 1,915,0 ’ 08 814,275 ’07 1,274,15 1 th q u a r t e r , ’ 01 557,100 “ ’ 00 751,700 “ ’ 99 963,800 ** ’ 08 1,060,800 “ " “ W h e a t. 155,027,0 216.747,0 200,006,0 “ ’96 840,45-' “ ’ 07 1,203,160 02,250 •3 q u a r te r , ’01 ’ 00 705,000 “ ’ 09 041,000 •A LA S OF 8TOOK8 AT N E W TO BK STOCK BXCHAM OB. [Vol. LXXIV. T o t a l 1901....... 3,037,850 T o t a l 1903....... 3,348,340 T o t a l 1809---- 3,981,440 742,027,01 8 2 ,9 4 -,0 933,969,0 1- 8 ,3 1 ’ ,0 660,445,0 107,058,5 788,110,0 142,867,0 T o t a l 1898....... 3009,575 T o t a l 1S97....... 4,403,600 1,280.290,0 107,385,0 10,601,0 2,012,0 1,800,0 7 ,’ 12,0 206,0 800,0 94.0 8,126,0 710,0 T o ta l. Bush. 153,342,000 174,170 680 1-8,840,980 250,151,285 288,073,850 239,981,400 905,709,550 272,828,580 403,564,625 440,075,220 252,452.125 341,798,660 197,501,320 149,304,287 493,109,075 229,736,950 2:3,863,050 170,443,000 184,927,600 809,973,155 29.868.0 1,167,0 748.0 869,516,075 «H ,*80,* 8,340,0 927,0 1,096,532,330 5,353,0 2,975,5 824,085,480 30,387,1' 83,829,0 4,108,0 8,900,6 994,247,687 50,578,0 0,358,C 0,024,7 1,477,321,900 a m o s .. 176065716 17181883.375 I34d646 8,884 68,087,023 0.374,569.212 1,640,604,235 6.034,688 1,677,408.450 1,815,378.002 6,210,493 J u ly ... 832,061.498 4,020,654 A u g u s t 10,778,021 1,065,517,350 S e p t... 13,990,195 1,380,178,850 1,087,337,681 6,169.938 699,842.700 393,267,760 490,938,600 401,407.206 230.987,409 3d qr. 10,780,8-M 4,018,104,650 4.114,778,081 15,421,118 1,490.039.060 939,808,421 9 aioa 301,498,746 316842630 21.131028015 16,581280341 81,503,136 7,864.608.202 5,480,487,660 706,305,917 O c t ... 14,036,082 1.871,786,450 1,049,723,424 10,895,083 1,002,757,300 N o v . . . . 18,314,062 1.748.173.357 1,459,015,487 22,585,386 2,189,781,325 1,477,503,887 16,750,985 1,595.101,000 1.311,086,291 23,411,629 2,25 »,609,225 1,575,987,048 D ec— 4 th qr. 4 ). 102.020 4,71=.,000,-00 4,849,-3 ).206 53,872,048'5.507,097,850 3,759,797,453 T e a r . 265444869 25,84998-4825 20.431,0 40551 14838 >184 13,371706112 0,24 9.2-6.100 For the twelve months the sales foot up roughly 266 million shares, which is nearly double theftotal of 138 millions for 1900, and compares with 176 milliou shares for 1899, the previous maximum. In 1897 the sales were only 77 million shares. NUM BER AND V A LU E OF SHARES SOLD AT N E W YORK STOCK EXCHANGE. Y ea r. S to c k s ,* S h a res . A v ’g e V a lu e s + P r i c e ( a p 'r o x im ’ t e ) S t o c k s ,* ; A v ’g e V a lu e s + S h a res . P r ic e (a p ’r o x l m ’t e ) Y ea r. 1 9 0 1 .... 205,944,059 790 $20,4 s19 50551 1 3 91 .... 69,031.689 1 9 0 0 .... 138,380,184 69-3 0,249,385,109 1890 71,282,8.85 ; 60-2 9,977,664,193 1899 73-6 13,429,29 ',715 1889 73,014,600 ; 61-0 4,059,231,891 176,121,135 1 8 9 8 .... 112,609,957 72-7 8,187,413,085 1 8 9 7 .... 77,324,172 67-0 4,973,553,005 1887 1 8 9 6 .... 54,654,003 65-2 1 8 9 5 .... 66,583,233 00-3 1894 ... 49,075,032 64-2 3,094,942,769 . 57-1 $3,312,247,419 62-5 3,539,510,143 84,914,610 6 1 T 4,508,778,899 3,329,969,940 18S6___ 100,802,050 65-6 5,885,662,200 3,808,338,604 1 8 8 5 .... 92,538,947 64-1 5,479,859,840 1884 .. . 96,154,971 61-77 5,939,500,000 18 88 .,.. .. 1 8 0 3 .... 80,977,839 60-3 4,550,260,916 1 8 8 3 .... 1 8 9 2 .... 85,875,092 63-5 4,874.014,262 1 8 82... 05,179,106 64-51 6,260,809,961 116,307,271 6 0 1 2 97,049,909 7,689,453.486 * The sh a res of stocks w e take from the reoord Kept by the J o u r n a l o j C o m m e rce for the years 1882 to 1884, inclusive; since 1885 the totals are onr own compilation. t The values of sales, except fo r the y ^ r 1882 (figures made up by T h e P u b l i c ) are our ow n compilations. It remains to add that the bond sales were also of unusual volume, the dealings in railroad and nrscellaneous bonds being 1994,235,400 for 1901, against $569,159,000 for 1900, $826,711,400 for 1899, $888,747,630 for 1898, $529,843,960 for 1897 and $363,158,820 for 1896. As to the mercantile Exchanges, there are no records for the Cotton Exchange. Even in the case of the Produce Exchange no official data are kept. In this last instance, however, we have made up the following from the figures given from day to day in the daily pa pers, and this ought to fnrnish a pretty close approxi mation to the actual result. Notwithstanding the speculative activity which prevailed at times in the graia markets, as a result of the corn-crop shortage, the combined total of spot and option sales for 1901, it will be seen, is only 869,516,075 bushels, as against 1,095,532,330 bushels for 1900 and 824,685,480 bushels for 1899. H O W SOOH B A T T L E S H I P S A N TIQ U A TE D . BECOME In the last week of November a violent storm caused wreckage along an extended line of coast, and perhaps few readers of the tale took note of the performance of a little sub marine boat which, as a test of staying power, sank in Peconic Bay at the eastern end of Long Island, and remained down fifteen hours, the inmates eating and sleeping comfortably. Although the top of the turret was submerged only six feet, they report that they knew nothing of any storm until they rose to the surface and encountered rough water. The captain's claim that a crew could stay down three months if sufficiently provisioned can be largely discounted without impairing the success of the endurance test, and the incident appears to us to possess a deep significance. The present United States navy is the creation of the last few Administrations. Some of those who noticed the process deplored it as a waste and an anachronism, believing that the position of the coun try relieves ns from all need of attacking and all danger of being attacked; bat the event proved that universal peace had still to wait and justified those who had undertaken to make the country a first-class naval power. By becoming such, as well as by prodigi ous development generally and good statesmanship in unforeseen situations, this country has become also an international Power and a world Power. The new chapter is fully entered, and there is no retreat. The policy of warlike readiness must be admitted sound— fortunate in result if not due to exact foresight. Until the day which perhaps none now living will see, the Golden R ile in diplomacy must derive its effect largely from known force behind it. A battle royal is proceeding between gun and armor. A new armor-piercing projectile promises to make all plating useless; than a new surface-treatment brings up arrears and promises to ba the equivalent of a far ther thickening of plates; then comes another step in development of high explosives, and so on, recalling the old paradox of an irresistible foroe enoouuterlng an immovable obstacle. Tnere has been no couolusive practical test. The late war was too one sided to fur nish any, and since neither side is at the end of its resources, we must expect the last stage of preparation J a n u a r y 11, 1902.] THE CHKONIULB. *0 be indefinitely deferred. Y et when the decisive trial comes, it seems clear that the paradox will proba bly be doubly broken, that armor and projectile will both fail, and that the question of survival in a par ticular battle will bo one of the men behind the guns, plus the incidents of especially destructive shots which cannot be foreseen. The latest Cramp vessel goes to Russia, and there is now such sameness and apparent equality among the navies of the principal nations that it would be unsafe to count upon superior physical advantage anywhere. Yet it may be taken as fairly certain that the battle between gun and p!ate must hereafter lie between rather narrow limits. Not much increase in the re sisting quality t f steel can be expected, and there is a fixed maximum in the practicaole weight of armor; the size of gun and projectile also must have a limit, and one seemingly nearly reached; but projectiles not fired from guns (classed generally as torpedoes) have naturally more room as to size, and in their possible power as compared with size they already outclass those used in guns. Offsetting power to resist against power to retd, the ship is hopelessly beaten by|the tor pedo from the start; for it is certain that no structure, either Heating or fixed, can ever be made which a torpedo cannot shatter. The sole difficulty must be to briDg the two together; find means which with reasonable surety will carry the missile to its mark and explode it there, and it follows that what man can make man can destroy. There are torpedoes which are themselves dirigible in a measure, but the defect of the torpedo boat is its own excessive weakness and vulnerability. Being very slight and very heavily powered, its seaworthiness is low. Tbe searchlights which held Cervera held his torpedo boats also, and the fate of the Pluton and Furor under the fire of an unarmored pleasure yacht showed that what such craft need is passive waiting by the foe; if they are only left alone they can be de structive, but they must not be fired upon by gunners who know how to aim. The submarine boat of the Holland type introduces new conditions. It has no guns for attack, for it does not offer fight according to rule. It has no con siderable resisting power, for it does not expect to be hit. Its speed is low, because high speed is impossi ble and not strictly necessary. It relies on its diminu live size and the water above it for concealment and protection, and the ertire plan is to creep as near as possible on or just under the surface, then sneak up out of sight and do its work, not in a straightforward way, yet according to the license of modern warfare. Searchlight and quick gun are of little use against a little monster too inconspicuous to be seen and too small to be hit, able also to sink and reappear at will until it has perhaps crawled even under the keel. Not long ago our principal harbors were guarded by mines, and naval attacks on the shore must here after be at loDg range. All forts like those of this port would be useless now even if not antiquated, since the means of defense are now mines and a counter-attack upon the hostile vessels. A deep-sea battle between modern fleets is hardly to be expected; naval work henceforward is likely to be mainly de fending one's own coast, besieging cities abroad, or blockading. The radios of movement of the sub marine boat is not certainly known, although an earlier one of the type claimed a capacity of 1,500 71 miles on the surface; perhaps such a boat could cross the ocean unaided, or perhaps it cotfld be earned; at least, its natural place is near tho lar d, and the natural work of the battleship also is there. Several new American battleships are ready and a line of others is in progress; yet there is a dispute going on over the comparative merits of superimposed turrets and other points in tho disposition of guns. This can never be settled short of actual test in war, but another question is earlier. It appears as certain us almost any proposition which has not been physi cally proven that a single submarine vessel could have cut all the mine connections and destroyed Oervera's ships one by one at leisure in Santiago harbor; and is it not time to consider the expediency of multiplying costly vessels which are open and powerless against attack from below ? The great arm of modern naval warefare is the explosion of projectiles, not their direct impact; hence the projectile itself is the problem, and the simplest means of sending it to its mark is the best. Progress inevitably puts out of service some expensive things almost as soon as they are con structed, and so we need not stop to lament the waste in the huge Rodman guns, for instance, which lie around at our ancient forts; but why not be a little slower to build sea monsters which are magnificent and yet seem to be helpless (except by flight) against a tiny assailant hardly heavier than some of their own guns? In this way it may be that universal peace is to come through war, and through such increased de structiveness as shall make war impossible; magnify battle into a duel which can have no survivor, then it becomes a necessity to settle all questions in ad vance by diplomacy armed with arithmetic. IT E M S ABOUT BANKS. BANKERS AND TRUST G O 8- — T h e a u c tio n s a les o f b a n k s to ck s th is w e e k a g g r e g a t e 818 shares. S to c k o f th e P h e n ix N a t io n a l B a n k to th e a m o u n t o f 700 shares (p a r v a lu e $20 e a c h ) w a s s o ld in on e l o t a t 1 T % T h e tra n s a c tio n s in 28% shares, tr u s t c o m p a n y s to c k s r e a c h a t o t a l o f in c lu d in g 10 sha res o f a B r o o k ly n c o m p a n y . No sales o f e ith e r class h a v e b een m a d e a t th e S to c k E x c h a n g e o r in th e “ c u r b ” m a rk e t. Shares. B antcs—N ew York. Price. 17 Am erican Exch. Nat. Bank.. .. 28470 286 20 Chath m National B a n k ........ 340 15 Fourth N atio nal Bank.............. 240 30 Merchants’ Exch. Nat. B a n k .. 157 5 New Am sterdam N at. B a n k . .1,400 18 Oriental B a r k ...................... 227 70o Phenix N a t i o n a l Ban k ........ . 1 1 7 * 3 3 State of N. Y .. B ink of t h e ___ 195 10 T w elfth W a r d B a n k ................ 130 T ru st c o m p a n ie s — N ew Last previous sale. Jan. Nov. Jan. Jan. Jan. Dec. Dec. Nov. Deo. 1S02— 2851*3 1901— 335^ ' 902— 241*3 1902— 155 1902—1,410 1901— 233*9 1901— 118. 1901— 265 It O O - 100 York. Dec. 1901— 285*3 Dec. 1901—1,925 8 1-3 Atlantic T ru -t C o .................... 285 10 Central T rust Co.....................1,E00 T ru st C o m p a n y - Brooklyn. 10 W illiam sbu rg Trust C o ........... Oct. 1901— 215*3 215 — H o n . C o n ra d N . J o r d a n w a s on W e d n e s d a y n o m in a te d b y th e P r e s id e n t f o r r e a p p o in tm e n t as U n it e d S ta te s A s s is t a n t T r e a s u r e r a t N e w Y o r k , w h ic h o ffic e h e has h e ld c o n t in u o u s ly sin ce 1893. A s w a s n o te d in th is d e p a r tm e n t J u n e 15, M r. J o rd a n w a s T r e a s u r e r o f th e U n it e d S ta te s f r o m 1895 to 1887. H is fir s t a p p o in tm e n t as A s s is t a n t T r e a s u r e r at N ew Y o r k w a s d a te d A p r i l 24 1893, a n d he w a s r e a p p o in te d a t th e e x p ir a tio n o f th is te r m in 1897. H e w i l l e n t e r u p o n h is t h ir d t e i m o f fo u r y e a rs (f o r w h ic h h e has b ee n n o m in a te d ) on th e re c e ip t o f his c o m m iss io n , a n d i f h e s h a ll c o m p le t e th is p e rio d h e w i l l h a v e s e r v e d in th e p o s itio n f o r a lo n g e r t im e th a n a n y o f h is p re d e c e s s o rs — n e a r ly th ir te e n y e a rs . A s s is t a n t T r e a s u r e r T h o m a s H illh o u s e h e ld th e c ffic e f r o m J u ly 23 1870 to 1881— e le v e n y e a r s - a n d A s s is ta n t T r e a s u r e r J o h n J . C is co fr o m 1853 to 1864, a ls o e le v e n y e a rs . — L e s s th a n th r e e y e a r s a g o J. J. T o w n s e n d , th e w e ll- k n o w n C h ic a g o s to c k b r o k e r , b o u g h t a m e m b e r s h ip in th e N ew Y o rk p r ic e h ig h . S to c k E x c h a n ge fo r By way $39,000, a n d th o u g h t th e o f c o n s o la tio n th e S e c r e ta r y assu red h im th a t th e d a y w a s n o t v e r y r e m o te w h e n h e c o u ld o b ta in T l IHE CHKONICLE. $80,000 for it, whereupon Mr. Townsend gave him a standing order to sell his membership whenever it reached that figure. It is reported that week before last a telegraphic order for his membership at the price stipulated was received by Mr. Townsend, but he doesn’t want to sell now, and has canceled his open order. —The amendment to the constitution of the New York Stock Exchange, proposed recently, has beoome operative. The amendment increases the initiation fee from $1,000 to $2,000 and the members annual dues from $50 to $100. —By all odds the most striking thing in the calendar line which has reached the Editor’s desk thus far comes to us from the First National Bank of Council Bluffs, Iowa. The sheets of the calendar are attached to the lower end of an embossed cardboard or mat (size 20x80 in.),which serves as a frame for a very elegant picture entitled ‘ ‘ Sweet Memories.” The subject of the picture is a decidedly charming young woman, whose features (so an accompanying memorandum informs us) have been taken from life. The arrival of this handsome New Year’s souvenir has quite upset our office force, our young men finding it difficult to resume their ordi nary routine after viewing such an entrancing vision of loveliness. We do not know how freely the bank is distrib uting these rather expensive tokens, but if any one has in fluence with President Chas. R. Hannan, we advise him to write for one. Under Mr. Hannan's management the bank is prospering and its business expanding. The bank’s state ment for December 10 shows that it has gained $100,000 in deposits since September 30 and $500,000 in a year. —Mr. Dudley Evans, for a number of years Second VicePresident and Manager of Wells, Fargo & Co., was on Janu ary 2 elected Acting-President of the company to fill out the unexpired term of Mr. John J. Valentine, deceased. The annual election of the company occurs on the second Thurs day in August—the 7th of the month. Owing to the ill health of his wife, Col. Evans was on the Pacific coast at the time of Mr. Valentine's fatal illness and was able to quickly assume the direction of affairs. —The New York Life InsuranceJCompany last week sold its holdings, amounting to $530,000, par value, of the $1,000,000 capital stock of the New York Security Trust & Company. In the last report issued by the Life Insurance Company the market value of this stock held by that institution was stated at $1,886,500. The sale of the stock was made in pursuance of an amendment to the by-laws of the company passed in 1899, which provided that not only should the company refrain from investing further in corporate stocks, but that then existing holdings of such properties should be from time to time reduced, until in the annual statement to be rendered in 1902 no item of stocks owned or of stocks held as collateral should be included among its assets. A t the annual eleotion on Wednesday, January 8, the following n6W trustees, representing the purchasers of the New York Life Company’s holdings of the stock, were elected : Charles M. Schwab, Frank Tilford, Norman B. Ream, J. S. Phipps, Woodbury Langdon and Osborn W. Bright. It may be noted that the recently purchased stock is to be pooled for five years and controlled by Charles S. Fairchild, John A. McCall and George W . Perkins as trustees. —A t a meeting of the directors of the National Citizens’ Bank last week Ewald Fleitmann, the President, resigned, and he was succeeded by Edwin S. Schenck, formerly Vice President. Mr.Fleitmann was then elected Vice-President of the bank. The merger of the Ninth National Bank with the National Citizens’ Bank has become effective, and the Ninth National cleared at the Clearing House on Tuesday, Decem ber 81, for the last time. —An institution known as the International Banking Cor poration, with a capital of $3,000,000 and a surplus of a like amount, has been organized under a charter granted by the State of Connecticut, The officers are Edward F. Cragirn Vice-President, John Hubbard, Treasurer, and H. Hardy, Secretary. The Chairman of the board of directors is Thomas H. Hubbard and the directors a re: Valentine P. Snyder, James H. Hyde, George Crocker, Marcellus Hartley (who died this week), Edwin Gould, Amzi L. Barber, Eugene Delano, H. C. Frick, H. E, Huntington, M, S. Manning, J. M. Ceballos, Edward F. Cragin, P. H. Flynn and H. Hardy, of New York; John B. Jackson, of Pittsburg, [V ol . LXXIV. Pa., and F. P. McIntosh, of Cleveland, Ohio. The company was originally chartered as the International Co.,with a cap ital of $500,000, with power to increase the same, which has now been done. Among the powers conferred by the charter are those for the transaction of business as merchants, man ufacturers, miners, commission merchants, agents of every kind, shippers, builders, financiers, brokers and contractors, and concessionaires in all the forms of any of said kinds of business, and the general banking and trust business outside the State of Connecticut. The company is also authorized to establish branches in any part or parts of the world. Mr. Cragin states that for the present the business w ill be con fined to the Orient and to South and Central America. A branch has already been established at Shanghai, China, and J. S. Fearon is the representative of the corporation in that city. The company has been designated as the fisoal agent in China of the United States for the collection of the $25,000,000 indemnity to be paid by China to this Govern ment. —We referred in these columns last week to the increase to be made in the capital stock of the Fidelity Trust Company of Newark, N. J. The statement for December 81 has now come to hand and shows deposits of $7,533,68'); for the pre vious year the deposits were only $5,779,730. The total re sources now are $10,290,490, as against $8,410,618 December 81, 1900. —The New York National Exchange Bank, which now oc cupies the second floor of the premises corner of Chambers St. and West Broadway, has obtained a lease of the ground floor of the building, which will be fitted up for the execu tive offices and the paying and receiving tellers. The sec ond floor will be retained for the clerks of the bank and for a ladies’ department, and the third floor will be used for a directors’ room and for banking purposes. In the basement vaults of modern design will be constructed. The increas ing business of the bank has necessitated these improve ments. —It is announced that the Continental Trust Company will take action, at a meeting to be held January 29, upon a proposition to increase the capital stock from $500,000 to $1,000,000. It is proposed, if the capital of the company shall be increased, to sell the new stock to Blair & Co. of this city for $450 per share ($100 par value). Messrs. Blair & Co. will in that case nominate for trustees of the company, representing the new stock, Marshall Field, John J. Mitchell and P. A. Valentine of Chicago, two members of the firm of Blair & Co., and five additional men of usefulness to the company from New York or vicinity. After the sale of the new stock and the deposit of the proceeds in the treasury of the company, it will have $1,000,000 capital and more than $2,750,000 surplus. —E. H. Harriman, Louis Fitzgerald, J. Henry Smith, T. H ‘ Hubbard, Bradish Johnson and Henry R. Winthrop were on Tuesday elected directors of the American Deposit & Loan Company. —The W all StreSt Exchange Building Association, which owns the site of the Bank of the State, William Street, corner of Exchange Place, and property adjoining on the latter street extending through to W all Street, has bought No. 49 Exchange Place. —A new trust company is being organized by Warner Van Norden, President of the National Bank of North America, with a capital of $500,000]and a surplus of a like amount. It will be temporarily located on the upper west side of the city until a new building shall be completed, which will be erected by Mr. Van Norden on Fifth Avenue. It is ex pected that W. Montaigne Van Norden w ill be the Presi dent. —John A. Hilton and Frank J. Gould were on Wednesday elected to fill vacancies on the board of trustees of the Bow ling Green Trust Co. In his annual report President Edwin Gould states that the actual earnings for 1901 were $362,651 37, or 10^ per oent on the capital of $2,500,000. The de posits Dec. 31 1901 were $9,996,550, and at the corresponding date in 1900 they were $8,268,979. This increase was gained without paying higher rates of interest than the company’s competitors. The surplus of the company Dec. 81 1901 was $2,500,000 and the undivided profits were $18,099, Among the directors of the trust company are influential financiers J anuary 11, 1902. j THE CHRONICLE and railroad men, including Edwin Gould, Frank J. Gould, General Sam Thomas, General Thomas T. Eckert, Myron T. Herrick, E. C. Converse, J. W. Middendorf, of Baltimore, and J. Skelton Williams, President of the Seaboard A ir Line Railway. —Marcellus Hartley suddenly died of heart disease on Wednesday while attending a meeting of the directors of the American Surety Co, He was born in 1828, and after com pleting his education entered the employ of Francis Tomes & Son, dealers in guns and hardware. In 1854 he established the firm of Schuyler, Hartley & Graham, dealers in arms and ammunition, and on the retirement of Mr. Schuyler in 1876 the firm became Hartley & Graham, In 1899 Mr. Graham died and the house was incorporated under the name of the Marcellus Hartley Co., with deceased as President. Mr. Hartley was Vice-President of the Western National Bank and a direotor of the Equitable Life Assurance Company and also of a number of prominent financial, industrial, railroad and other companies. paid in surplus of $50,000. promoting the scheme. 73 John G. Jenkins Jr. is actively —A t the recent election of officers of the Central Trust Co. of this city the former Secretary Mr. B.G. Mitchell, was chosen to fill the new position of Third Vice President, Mr. Geo. Bertine was advanced from Assistant-Secretary to Secretary and Messrs. J. N. Wallace and F. B. Smidt were elected additional Assistant-Secretaries. —The Long Island Loan & Trust Co., which in October last increased its capital stock from $500,000 to $1,000,000, and created a surplus fund of $1,000,000, has been rapidly augmenting its business since its removal to the new banking rooms in the Temple Bar building. The de posits of the company have risen from $3,089,495 on Dec. 31 1900 to $5,165,425 on Dec. 31 1901, while surplus and undi vided profits have been increased from $550,085 to $1,337,355 during the same period. The official staff is composed of Edward Merritt, President; Clinton L. Rossiter, First VicePresident ; David G. Legget, Second Vice-President, and —The Twelfth Ward Bank of this city, which in July 1900 Frederick T. Aldridge, Secretary. decided to suspend dividends and add its profits to surplus —The new National Suffolk Bank of Boston, which w ill account, has resumed payments on the shares, declaring 3 replace the Suffolk National and Washington National, w ill per cent, payable Jan. 10. be capitalized at $1,500,000. Subscriptions w ill be received —The new stock of the First National Bank of this city, at par, with $25 per share paid in as surplus. issued for the purpose of increasing the capital from $500,000 —Mr. W. S. B. Stevens has been appointed Assistant to $10,000,000, was this week admitted to the Stock Exchange Cashier of the National Union Bank of Boston. list. —Mr. Charles W. Porter is Acting Cashier of the First —The statement of the People’s Trust Co. of Brooklyn National Bank of Lynn, replacing Mr. Charles E. Mailey, for December 31 records deposits of $11,088,372. This is a gain of over $600,000 during the past year; the undivided resigned. —April 1 has been fixed as the date of opening by the Re public National Bank of Pittsburg, incorporated in October with $200,000 capital and $20,000 surplus. It w ill occupy the present quarters of the People’s Savings Bank, at 241 Fourth Avenue, as the latter w ill by that time be in possession of its own building. The officials chosen for the new bank arer —The Union Trust Co. of this city on Jan, 10 paid the President, Charles Holmes, President of the First National usual quarterly dividend of 8 per cent. The announcement Bank of McKee’s Rocks, Pa.; Vice-President, Samuel Garrihas now been made that hereafter dividends w ill be 10 per rison, and Cashier, J. Simpson Rodgers. cent each quarter. —The Standard Security Trust Co. of Pittsburg has ap —A new financial institution, to be known as the Trust plied for a charter, with a capital of $250,000 and a surplus Company of the Republic, is in process of organization under of $125,000. The assets of the Citiz9ns’ Insurance Co., the laws of this State, with a capital of $1,000,000 and a sur amounting to over $700,000, have been taken over by the plus of $500,000. In its directorate are representatives of new organization, whose officials, it is understood, are to be the Illinois Central and the Missouri Kansas & Texas Rail Mr. Robert Smith, President; John Bindley, Vice-President, road companies and other important interests. Among the and Howard Welch, Secretary and Treasurer. It is expected directors elected are Stuyvesant Fish, Henry C. Rouss, that the company w ill be ready for business by April 1. Chales A, Peabody Jr., Samuel A. Colt, Samuel Sloan Jr,, —The reorganized First National Bank of Austin, Texas, Thomas F. Goodrich, D. L, Dresser, P. Belmont, Ballard opened on Thursday, January 2d. The State money, $398,McCall. James McMahon, W. D Baldwin, Thomas F. Crim- 000, which was on deposit at the time the bank closed its mins, Charles D. Marvin, Charles W . Wetmore, Herbert L. doors w ill be paid in monthly instalments, the first instal Satterlee, Claude W . Jester, Alexander Greig, Charles F. ment on January 10. Mr. John H. Kirby is the new Presi Brooker and John M. Parker. Ic is reported that the com dent and A, S. Vandervoorfc Cashier. pany w ill have two offices in this city, one of which w ill be —The St. Paul Trust Co, of St. Paul, Minn., w ill go into’ located in the financial centre and the other in the mercan voluntary liquidation. Litigation over various estates of tile district. It ia also stated that in addition to a general which the company was administrator is responsible for this banking and trust business, the company w ill loan on guar step. The institution was capitalized at $200,000 and it is ex anteed negotiable warehouse warrants representing cotton, pected that depositors w ill be paid in full. cotton-mill products, rice, sugar, pig iron and iron ores. —A unique paper-weight (enclosed in a green leatherette —Hiram P. Mills, one of the oldest bank presidents in the United States, died at Mount Morris, N. Y.. on Monday, aged case) in imitation of ten one dollar gold pieces has been re ninety six. He was President of the Genesee River National ceived from the Merchants’ National Bank of St. Paul. It Bank, and had held that position since the organization of is neatly inscribed with the bank’s name and altogether the institution in 1853. He was one of the engineers of the makes an attractive and serviceable souvenir. Under its Genesee Valley Canal, and he assisted in the construction of present management the institution has been enjoying note worthy prosperity during the last few years. the first railroad between Albany and Schenectady. profits are $569,746, a gain of $61,236 during the same period. In our issue of February 2d last we presented the record of the company’s growth up to December 31 1900. Mr. Felix Campbell is the President; Messrs. J. G. Dettmer and Hor ace J. Morse, Vice-Presidents; Mr. Edward Johnson,,Secre tary, and Mr. C. A. Boody, Assistant Secretary. —Samuel S. Conover, formerly Secretary and Assistant Treasurer of the American Cotton Company, has been elected active Vice President of the Irving National Bank. Mr. Conover was for many years the manager of the credit de partment of the Fourth National Bank. He is the youngest Vice-President, it is stated, of any banking institution in the city. —Andrew A. Knowles, who has for twenty-two years been connected with the Mechanics’ National Bank and for some time has been Assistant Cashier, has been elected Cashier of the institution. —Preliminary steps have been taken for the organization of a bank on Coney Island, with a capital of $109,000 and a ' —Mr. Milton B. Williams is now Assistant Cashier of the National Union Bank of Maryland in Baltimore, having re linquished the Cashiership of the Old Town National of Baltimore. —An amendment has been filed to the charter of the Mer chants’ Bank of Nashville, Tenn., increasing the capital from $100,000 to $300,000. —The announcement was made early last week that the directors of the Producers’ National Bank of Woonsocket in Providence, R. I., had agreed to accept the offer of $29 50 per share of $20 made by Mr. Frederick W . Shibley of Providence, on behalf of capitalists of that city and Woon socket, and had recommended the acceptance to the stock- 74 THE CHRONICLE [V ol . LXXIV. holder*. I d appears from later reports, however, that this stock, are ; President, Edward 8. Orr; Vice-Presidents, John offer will not be accepted, the institution continuing as the W. Harrison, R. M. Scruggs and William Bignell; Secre tary, John C. WilkinsoD; Treasurer, G. L. Faulhaber; As Producers’ National in the control of the present director*. — A souvenir distributed as a holiday gift by the Third sistant Secretary, A. H Frederick; Couuael, J. M. Dawson, National Bank of Columbus, Gt., has also been dtsigued and Attorney, J. A. Webb. with an eye to utility. I dconsists of a fountain pen com —Mr. David P. Wheeler, Cashier of the Citizens’ National plete in every detail and should prove au excellent medium Bank of Akron, Ohio, met with a peculiar death at the bank of advertising. The bank is to increase its capital irom on Chiistmas day, where he had gone to attend to some $ 100,0 0 to $ 200, 000, a meeting for the authorization of which necessary business. In closing the steel vault his hands will be held by the stockholders on the 14th in-t, Mr. G. came in contact with au electric light wire, heavily charged, Gnuty Jordan Is President; W. C. Bradley, Vice-President; the shock killing him instantly. C. E. Beach, Cashier ai d George C. Bates, Assistant-Cashier. —Mr. Charles Seyler is the new Cashier of the Farmers’ & —The rest of the otficia's of the Germania Trust Company Merchants’ Bank of Los Angeles, Cal. The vaoancy oc of St. Louis have been selected. As noted herein two weeks curred through the disappearance of H. J. Fleishman, in ago, Mr, Joseph Dickson will serve the company as Presi whose accounts a shortage of $100,000 was discovered. dent. The Vice-Presidents Include William H. Dittmann, —The National Bank of Columbus, Columbus, Ga., lias> Henry Koehler Jr., Max R Orthwein and Georgd A. Meyer. after paying its usual semi-annual dividend of 5 per cent on Mr. Frederick Gabel has been elected Secretary and Treas its capital of $LOO,000, added $10,00) to its surplus fund. urer and William A. Braudenburger, Trust officer. —The Metropoli an National Bank of Chioago increased —Ill-health has compelled the resignation of Mr. H. C. the quarterly dividend which was paid Jan. 2 from 2 to 2% Burr ett, Cashier of the First National Bank of Richmond, per cent, thns placing the stock on a 10-per-cent basis. Va. Mr. Burnett’s successor is Mr. John M. Miller, who —The new brokerage firm of Lake & Leask, 2 and 4 Sher vacates the position of Ca-hier of the Merchants’ & Farmers’ National Bank, of Charlotte, N. C., to assume his new duties. man Street, Chicago, is composed of two gentlemen of Prior to his connection with the Merchants’ & Farmers' ability and wide experience in the business. Mr. Lake was Bank Mr. Miller was a national bank examiner. Mr. Charles for eleven years associated with Messrs, Bartlett, Frazier & Co. and Mr. Leask almost as long with Baldwin, Gurney R. Burnett will be the Assistant-Cashier. —The retirement of Col. Frank Roder, President of tbe & Co. and J. F. Harris. Their offices are directly opposite Metropolitan Bank of New Orleans, La., is announced. The the Chicago Board of Trade, of which body they are mem step, impelled by Mr. Roder’s failing health, is much re bers. They buy and sell on commission grain, provisions, gretted by tbe directors, who have adopted resolutions highly cotton, stocks and bonds. complimentary to him. —The Savings & Trust Company of Cleveland, Ohio, has made a flattering offer to the Union Club for the premises now occupied by the latter on Eiclid Avenue and Erie Street. Whether or not the offer will be accepted will not be known before the 18th inst,, when the stockholders of the club will hold their annual meeting. In the event of accept ance, which seems almost a certainty, in view of the fact that the club intends to erect a new home on Euclid Avenue and Muirson Street, it will be April 1903 at least before the company will get possession of the property it seeks, for the new quarters of the club will not be in readiness before that time. It is said that it is the company’s purpose to erect a building not more than three stories high, to be devoted ex clusively to its own business. The officers of tbe Savings & Trust Company are : Mr. D. Lenty, President; H. Tiedemann and H R Newcomb. Vice-Presidents; J. R. Nutt, Secretary and Treasurer, and H. S. Newbury, Assistant Secretary. —A t a meeting of the directors of the National Bank of Germantown of Philadelphia on December 24, Mr. Thomas B. Homer was elected Vice-President. The former Vice President, Mr. Canby S. Tyson, it will be remembered, re cently became President on the death of Mr. Charles W. Otto, Mr. Romaine Keyser becoming at that time the new Cashier. —The Commercial Trust Co. of New Jersey, located at Jersey City, which recently moved into its handsome new banking building, has only been in business since January 1 1900. Yet its statement for December 31 reports resources of $5,132,707. with surplus and undivided profits of $627,817 and deposits of $4,004,890. The directorate comprises the names of very influential men in New York, Philadelphia and New Jersey. Mr. John W. Hardenbergh is President; George W. Young and Robert 8. Ross, Vice-Presidents, arid Oscar L, Gubelman, Secretary and Treasurer. —Messrs. H. F. Bell and F. F. Searing, President and VicePresident, respectively, of the Citizens’ Trust Company of Paterson, N. J., are extending their operations still further. Particulars of a new Dover institution—the Dover Trust Company, in the organization of which they were interested —were given in these columns several weeks ago. Their latest venture is the Newton Trust Company of Newton, N. J., whose certificate of incorporation was filed December 26. The capital stock is $100,000, of a par value of $100 per share. The main office will be at 49 High Street, Newton. —The new officers of the Missouri Trust Company of St. Louis, which we stated in this Department on November 23 would be reorganized after the sale of $500,000 additional —W. H. Laidley & Co. have purchased a portion of the busi ness and some of the private wires of the late Chicago firm of Arthur R. Jones & Co., and will retain the offices of the old firm at 226 La Salle Street. They will deal in grain, cotton, copper, stocks and bonds. —The Western State Bank of Chicago will occupy new and enlarged quarters on the main floor of the beautiful new building, 159-167 La Salle Street, now being erected by the National Life Insurance Company. The offices will hardly be ready for occupancy before May or June next. The Western State Bank, like all of the Chicago banks, has been rapidly increasing its business during the past three years, and sadly needs increased office space and more modern equipment. —The directors of the Bankers’ National Bank of Chicago have transferred $39,000 from profits to surplus, making the total surplus now $160,000. —The National Bank of the Republic, Chicago, has increased its surplus $25,000 (making a total surplus of $200,000) by a transfer of that amount from the item of undivided profits. This bank on January 1 also retired $600,000 of its circu lation, leaving only the $50,000 which the law requires. —Messrs. Logan & Bryan will at once take possession of the commodious offices in the Chicago Board of Trade Building, just vacated by Schwartz, Dtipee & Co., and the commission firm of Pringle & Browning will remove frem the Rialto Building to the Logan & Bryan offices. Pringle & Browning will add a department of stocks and bonds to their business. —McReynolds & Co. have removed to their fine new quar ters in the Connselman Building, corner of La Salle and Jackson Boulevard, Chicago. —Mr, John F. Bacon, for the past two years manager o f the Chicago branch office of Rudolph Kleybolte & C o.,ha8 resigned his position and become associated with the bond firm of MacDonald, McCoy & Co. —Mr. R. E. Wilsey, who has been in the Cincinnati office of Rudolph Kleybolte & Co. for the past four years, has been placed in charge of their Chicago office in the New York Life Building. —William Ewald has been admitted to partnership in the firm of S. B. Chapin & Co., Chicago and New York. Mr. Ewald will remain in the New York office. —January let Mr. Henry W. Buckingham retired from the Chicago brokerage firm of Otis, Wilson & Co. by mutual consent. Mr. Buckingham has been quite ill recently and wishes to escape the worries of a too strenuous life. THE CHKO'NIOLK. January 11, 1002.1 —The old stock exchange firm of H. G. Campbell & Co. was dissolved by limitation on the 1st iast. and has been suc ceeded by Campbell, Harriman & Co. .The partners are Henry G Campbell and J. Borden Harriman, who constituted the old firm, and E lw iu P.Campbell and James G. MacLean, 75 have correspondingly increased in market value, being now quoted at, 315 bid against only 215 in 1896. 'the officials con sist of G jorge If. Southard, President; Wra, li. Wallace, Vice-President; Gates D. Fahnestock, Second Vice Pr si dent and Secretary, and Crowell Hadden Jr., Assistant Sec retary. — In reporting the growth of the various trust, companies in Brooklyn, the Hamilton Trust Company cannot be ignored. This institution is under the guidance of Mr. Silas B. Dutcher, The deposits for Dtc. 81 are stated at $5,862,968, while for Dec. 81 the previous year they were $5,438,982, a gain of over $400,000. The other officials are Messrs Win II. Lyon and W illiam Berri, Vice-Presidents, and Mr. Joseph B. White, Secretary. —The annual election of the Pittsburg Stock Exchange occurred last week and resulted in the re-election of W, I. Mustin to the Presidency, This w ill be the fourth year of the Exchange under Mr. M uitin’s administration. The new Vice President is State Senator John W . Crawford, who suc ceeds R. J. Stoney Jr., the Vice-President for the past three years. John B. Barbour was re-elected Treasurer for a third term. The members of the Board of Directors are C. J. Holman, A. j . Lawrence, T. H. Robinson Jr., N. W . Steven son, John Ramsey, IT, A . Marlin, James Carothers, J. M. —Am ong the new directors of the Girard Na'ional Bank of Askin and B. P. Schoyer. The new Arbitration Committee Philadelphia elected this week are W illiam Newbold Ely, consists of S. J. Wain.wright, N. R. Evans, John D. Bailey, First Vice-President of the Girard Trust Co., and Colonel J. T. Patterson and Arthur Davis. Theodore E. Wiedersheim. —One of the results of the action of the Everett* Moore syndicate in placing its affairs in the hands o f a committee of bankers was a short-lived run on the Dime Savings Bank of Cleveland, Ohio. On Jan. 2, when the run began, all depositors were paid on demand, and although on Friday the bank issued a notice that it would take ad vantage of the 60-day rule in the case of savings deposits, the latter was not strictly enforced, and by Saturday new accounts were being opened. According to its latest report the bank had a surplus of $394,452 and deposits amounting to $4,867,554, with a capital of $590,000. M. G-. Watterson is President of the institution; E. W . Moore, of the embar rassed syndicate, is Third Vice-President. The Euclid Trust & Savings Bank, capital $500,000, which experienced a run at the same time as the Dime, this week made an assignment to Frank H. Ginn. The assignee de clares that the bank w ill pay all claims in full. —The National Stock Yards Bank of East St. Louis, III,, recently robbed by desperadoes, was not a member of the American Bankers’ Association. — Rumors have been current that John Dupes of the late firm of Schwartz, Dupee & Co. was to become a special partner with J. F. Harris, the Chicago broker, but we can obtain no definite confirmation of this report. It is true, however, that Mr. Charles G. Gates, a son of John W . Gates, has arranged a partnership with Mr. Harris, to take effect within the next sixty days, — A t the annua! meeting of the stockholders of the Conti nental Trust Co. of Baltimore, held on Tuts lay, President Warfield submitted a statement showing the net earnings for 1901 to be $320,875, This company was organized in Feb ruary 1899, with a capital of $2,000,000 and a paid in surplus of $2,000,000, and since that date has placed in the undivided profits account $1,210,268, after paying out $245,000 in d iv i —The Citizens’ Loan Company of Galveston, Tex., has dends. A t the meeting on Tuesday a 4 per cent semi annual purchased at par $150,100 of the $300,000 capital stock of the dividend was declared. N o change was made in the board First National Bank of the same city. The bank was organ of directors or the officers. ized in 1865 and its surplus on Dec. 10 was $84,747. Its — The N ew Jersey T itle Guarantee & Trust Co. of Jerssy deposits on that date amounted to $285,462. The offer was City continues to showmarked increase in its various lines made by R. Waver ly Smith, attorney for the loan company and a director of the bank. Mr. Smith is also President of of business, as can be seen by the new statement to Decem ber 31. Profits have now reached the total of $635,038, a the Island City Savings Bank. gain of $100,000 over the previous year; the deposits aggre —The proposition of the Old Colony Trust Company of gate over $5,000,000. The official staff i3 now headed by M r. Boston fo r the purchase of the stock of the Bay State Trust J. E. Hulshizer, with Messrs. W illiam H, Corbiu and George Company was approved at a meeting of the Board of Di F. Perkins, Vice-Presidents, and Daniel E Evarts, Secretary rectors of the latter institution last Saturday. The price at and Treasurer. which the transfer w ill be made is said to be $200 per share. — Among the instances o f growth in the business of Brook The capital stock of the Bay State Trust Co. is $400,000 ; its surplus, according to its latest report, was $319,521, and its lyn trust companies, mention should be made of the Brooklyn deposits were $4,326,952. The Old Colony Company has Trust Cjmpany. The aggregate resources of this institution $1,000,060 capital stock, $3,093,662 surplus and $27,001,880 now reach a total of $14,744,390, with deposits of nearly $12,deposits. The officers of the Old Colony a r e : Gordon A b 000,000, and capital and undi vided profits of $2,822,385. The bott, President; C. S. Tuckerman, Vice-President and Treas officers are: Theodore F. M iller, President; Messrs. Henry urer, and E. A . Phippen, Secretary. F. W . Hunnewell i 3 W. M axwell and Frederick C. Colton, Vice Presidents, and . Stanley W. Husted, Secretary. President of the Bay S ate Co. — The stockholders of the Essex County National Bank of — A new receiver, in the person of J. Frank Aldrich, has Newark, N. J., on January 2 unanimously confirmed the been appointed in place of B in k Examiner Vaughn, to con action of the directors to increase the capital from $300,000 tinue the liquidation of the City National Bank of Buffalo. to $1,030,000. The plan was fu lly outlined in our issue of Mr. Vaughn, under whose administration 65 per cent has December 14. Subscriptions to the new stock w ill be received been paid on claims against the bank, as noted in these col from existing shareholders until January 17. umns Dec. 21, w ill go back to Washington, where he is —The National Commercial Bank o f Albany, which re needed in other matters. cently secured control of the Merchants’ National of —The statement of the Franklin Trust Company of Brook Albany, has now also taken over the Albany City National lyn for Dm. 3 . last has ju -t come to hand, and shows a fu r 1 at 170. The latter (organized in 1834, and becoming a national ther marked increase in deposits and resources as follows: bank in 1865) was capitalized at $300,000. Cashier Charles F r a n k l in T r u s t , S u rp lu s & Gross A ggregate H. Sabin has been elected Second Vice-President and w ill be Bro o klyn, Capital. TJn’d. Profile. Deposits. Resources. Dec. 3 1901.......$1 000,000 $1,334,325 $7,63 i,883 $10,051,930 General Manager of the Commercial. 1 Dee. 31 1900....... Jan. 30 1899....... Dee. 31 1898....... Dec. 3 1807....... 1 Dec. 3 1896....... 1 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,283,401 1,202,283 1,125,809 979,568 906,748 7,147,768 7,063,460 6,998,985 5,903,091 5,237,468 9.566,046 —The three banks comprising the Union National of 9,396,342 Low ell—the Railroad National, First National and M e r 9,214,023 7,926,335 chants’ National—went into voluntary liquidation last S a t' 7,170,787 urday, tbe new bank having opened ou Monday in the offices As w ill be seen by the foregoing, the deposits of the of the Merchants’ National. The officers of the consolidated Franklin Trust Company 5 years ago were only $5,237,468; bank were given in the C hroniom of December 7. —Memberships to the Chicago Board of Trade, which sold now the amount is $7,634 883, while aggregate resources for the same period have risen from $7,170,787 to $10,051,930, during December for $2,600, can not now be obtained for and surplus and undivided profits from $906,748 to $1,334, $4 000. $4,100 is asked. This is said to be the result of the 325, a matter of nearly half a m illion dollars. The shares prolonged and vigorous war upon bucket shopping. The 76 THE CHRONICLE. Board o f Trade baa oome off victorious in every contested case. — A t their last meeting o f the year the Board o f Directors o f the Continental N ational Bank, Chicago, transferred *150 ,0UO from undivided profits to surplus. Besides this another $ 100,000 had already been transferred during 1001. The total surplus now stands at $750,000 and the u ndivided profits at *207,621. — The directors o f the Am erioan Trust & ^Savings Bank of Chicago have just transferred *50,000 from profits to surplus, m aking the latter account *350,000, and still leaving *75,000 undivided profits. — The United States M ortgage < Trust Company now has & a surplus o f $2,750,000, an increase o f *250,000 having re cently been voted by the directors. [VOL. LXXIV. purposes o f comparison the figures for the corresponding period o f 1900 are also presented. T w e lv e M o n t h s , D e s c r ip tio n B a r Value o r Q u a n tity 1901, A c tu a l V a lu e . T w e lv e M o n t h s , A v e r ’y e B a r V a lu e P r i c e . o r Quantity 266,044,050 atook | y k ’*' ¥25810968326 20431060,651 790 lilt, bonds.. ¥904,235,460 1867,196.914 87-2 ¥1,092,070 ¥2,144,310 113-3 Glov’t bonds ¥1.040.322 41-9 *3,602.800 State bonds *414,787 288-1 *14S,076 bank stooks 1900. A c tu a l V a lu e , A v e r 'o s B r ic e . 138,830,184 13371706113 ¥9219286.109 00-2 1609,169,000 *466,003,720 80*0 ¥7,012,08)) ¥8,186,280 110-8 *1,648,101 74-6 *2.083,200 *162,625 *340,802 227-4 13960111917 *9714140,114 60-0 T o ta l — *26818763670 21301866,884 798 809,616,076 608,039,660 76 l-5c. 1006,632,330 823,695,020 76 3 16c Grain, busb. Total value. 21956606,544 10638036,134 © 0 iix m jc r c ia I^ r iflIi6 T x ^ le w )B [From oar own correspondent.] L ondon , Saturday, December 28, 1901. Christmas, com ing in the very middle o f the week (W ednes St . L ouis S to ck Ex c h a n g e Sa l e s .— The St. Louis Stock day and Thursday being public holidays), has interfered Exchange records show the fo llo w in g totals o f each class of m aterially w ith business. L a rg e numbers o f people have securities traded in on the Exchange during the year 1901. gone aw ay for the week, and the attendance altogether in Mr. J. H. Dieokman is President o f the Exchange. the city is small. Y e t quotations have been im proving all Shares. Yaltie. $5,814,154 50 through and are distinctly higher as the week closes than 23,906 Bank stocks............................ 17,077,735 50 they were when it began. Both on the Continent and here 66,057 Trust company stocks............... 179,796 8,490,131 50 the impression remains very strong that the w ar is rapidly Traction stocks........................ 632,996 50 drawing to a close, that the fresh efforts being made by the 10,531 Gas and electric company stocks.. 2,265 225,023 00 Boers are efforts of desperation, that they are nearly ex Insurance stooks...................... 298,211 12 111,885 Mining company stooks............. 163,107 25 hausted, and that in fa ct they cannot hold out much longer. 5,287 8undry stooks.......................... W hether the impression is w ell or ill-founded remains to be $32,601,359 37 399,727 Total................................. seen; but the imm ediate result is a much more hopeful fe e l B onds. Value. $2,284,916 70 ing than has prevailed for a long time, and a decided inclina United Ry. 4s.......................... $2,535,000 00 240,367 75 tion to buy whenever anything happens that a little w hile St. Louis Brewing Association 6s. ,. 248,500 00 134,000 00 127,698 50 ago would have sent down quotations. Missouri Edison 5e................... 26,152 50 25,000 00 Kinloch Tel. 6s...... ................ The greatest im provem ent and the most a ctivity are in the 119,221 75 Various other bonds................. 114,150 00 gold m ining shares. F o r the first tim e there has been in Total................................ ..$3,056,650 00 $2,798,357 20 fluential Am erican buying of South A fric a n shares. French A total valuation of both bonds and stooks........ operators are also buying on a considerable scale; and even the British public, which has held aloof so long, is now be ginning to return to the market, tim idly as ye t, but still it F A IL U R E S B Y B R A N C H ES OF TR A D E . is making an appearance. H igh hopes, therefore, are enter W e take from Dun’s R e v ie w the fo llo w in g statement show tained that i f the m ilitary operations are pushed fo rw ard in g the failu res in the U n ited States b y branches of trade successfully, we are about to enter upon a year of great business prosperity. There has also been a continued recov fo r the tw elve months ending December 31 in each o f the last ery in British G overnm ent stocks, as it is hoped that the w ar three y e a r s : expenditure can soon he v ery shortly reduced. f a il u r e s b y b r a n c h e s o f b u s in e s s . There has likewise been improvement in British railw ay stocks. The rise is m ainly traceable to the announcement made tw o weeks ago that the Northeastern R a ilw a y Co. has C a le n d a r Y e a r . actually decided upon reforms based on the Am erican sys Fro m D u n ’s R e v ie w . 1901. 1900. 1899. tem, that statistics w ill in future be kept which hitherto No. L i a b i li t ie s . N o . L i a b i l i t i e s . N o . L i a b i li t ie s . have not been kept in this country, and that strenuous efforts M a n u fa c tu re rs . w ill be made to reduce the cost o f w orking by increasing t « 3 40 19 Iro n , fo u n d rie s and nails.. 87 2,015,150 1,7C 0,385 1,119,001 It is naturally assumed that all the other com M a ch in ery and to o ls ......... 129 183 190 6,990,748 3,013.692 2,700,478 trainloads. W o o l’ns.c’r p ’ ts&knttgoods 26 30 1.851,776 28 4,299,719 1,094,700 panies w ill have to fo llo w the example thus set; and the 14 C otton s, la ce and hosiery., IS 8 58,100 395,109 1,753,081 In the long run, o f course, 342 L u m b ’r 1 rp ’n t’rs& coop’rs ca 820 319 11,S53,066 7,421,215 6,343,880 public anticipates great results. C loth in g and m illin ery . . 337 241 4,874,060 321 8,861,474 8,599,076 the results w ill be very considerable; but they w ill not be so 27 326,587 27 H a ts, g lo v e s and fu r s ....... 87 196,690 638,434 1.540,496 43 42 627.868 ■ 38 Chem icals, drugs & paints. 1,103,297 rapid as the public just now seems to anticipate. 128 146 P r in tin g and e n g r a v in g .... 137 1,821.965 1,259,084 1,408,080 In the beginning of the week the relations between A rgentin a 110 884,367 146 820,603 M illin g and bakers........... 167 l,80d,897 03 1(9 2.313,832 1,433,720 and Chili appeared to be exceedingly strained, and even those L ea th er, shoes & harness 2,427,9)1 118 79 2.140.432 99 2,430,133 who up to that tim e had pooh poohed the idea o f w ar began to 2,366,? 8< L iq u o rs and tob a cc o......... 111 36 820.840 989,666 86^,841 Glass, earth en w are & brick 33 N aturally, therefore, there was a 627 7,789,299 look exceedingly anxious. 880 14,203,828 864 13,677,374 A ll o t h e r .......................... steady decline in prices; but the signing o f a protocol refer T o ta l m an ufactu ring... 2,441 44,i 60,983 2,409 51,702,142 1,925 80,792,164 ring all the points at issue to the arbiration o f the British Ira d e rs . 6,760,867 1,10^ G en eral s t o r e s .................. 1,400 8,291,818 1,143 7,002,698 Government has reassured the stock markets, and yesterday 8.202,086 1,808 10,275,755 6,565.96)' 2,080 G roceries, m eats and fis h .. 2,1)31 378 2,620,829 37 6 2,964,549 there was a decided rise both in A rgentine and in Chilian 3,688,995 H o te ls and resta u ra n ts___ 410 4,952,691 775 886 3.914.3(10 securities of all kinds. 870 L iq u o rs and to b a cc o ........ 4,109,660 I t is feared that both governments 498 576 5,450,018 3,744,629 C loth in g and fu r n is h in g ... 667 4,834,803 8,290,410 387 6.120,853 have spent a good deal of money in army and navy prepara 482 6,368.644 D ry goods and ca rp ets...... 426 334 2.666.106 810 2,345.639 tions; and it is doubted i f they w ill suspend those operations 290 1,867,823 Shoes, rubbers and tru nks 1,528,043 1.680.2’ 5 177 161 198 F u rn itu re and c r o c k e r y ... 1.343,83) Still, as peace is assured, the credit o f both g o v 2,4 22.487 237 207 2,313,168 even now. 298 3.596,379 H a rd w a re, stoves & too ls. 1,341,348 330 1,880,945 ernments w ill begin to revive, and it is to be hoped that 201 830 D rugs and p a in ts............... 1,820,503 133 1,009,036 759,438 161 122 1,160,808 J ew elry and clo ck s............ 418,391 good sense w ill induce them after a little w hile to retrench. 624,46 9 61 69 62 459,078 Books and p a p ers.............. 444,003 33 8('«,274 W hatever may happen to purely governm ent securities, it is 31 24 189,72H ats, fu rs and g lo v e s ........ 0,391,033 8(8 840 9,478,114 1,101 13,251,842 A l l o t h e r ............................ certain that the maintenance o f peaoe w ill bring about a con T o ta l tr a d in g ............... 7,985 52,060,640 7,844 69,415,695 7,107 48,924.771 siderable rise in railw ay and industrial securities generally. 305 11,162,954 621 27.377,939 598 16 670,753 B rokers and tran sporters In both countries there is much to ju stify a further advance. T o t a l co m m e rc ia l........ 11,0021 113,092,376 10,77; 138,495,67;- 9,337 90,879,889 The economic condition o f Chili is favorable; and though 69 85,017,533 56 82,252,790 matters are not quite so satisfactory in A rgentina, yet the B a n k in g .............................. 74* 18,018.774 country is steadily recovering from the great crisis o f 1890, N o t e .—I ron, w oo len s and co tton s include all tn e branches o f th ose manu and the railw ay companies are all doing exceedingly w ell. fa c tu re s ; m ach in ery Inclu des Im plem en ts and to o ls ; lu m b er in cludes saw Upon the Continent there is very little change. The new planing,sash and d o orm ills,ca rp en ters and coopers; clo th in g Includes m illinery and fu rn ish in gs; hats in clu d e fu rs and g lo v e s ; ch em icals include drugs, fe r t ili French loan was brought out on Saturday last and was as zers, paints and o ils ; p rin tin g and books in clu d e en gra vin g s and maps; m illin g I t is believed to have been in cludes ba k in g; lea th era n d shoes in clu d e m akers o f harness, sadd lery, t runks great a suocess as was expected. and ru b ber goods; liq u ors Inclu de tobacco, w ines, b rew ers and beer; glass in covered between 25 and 26 times; and that the applications cludes ea rth en w are, p o ttery , brick, lim e and cem en t; gro ce rie s in clu d e meats and fis h ; h o tels in clu d e re s ta u ra n ts ; d ry good s include carpets and curtains; must have been on an enormous scale is proved by the fact fu rn itu re in c lu d e s c ro c k e ry ; h a rd w a re in c lu d e s s to v e s and tools; and jew elry that the discounts at the Bank of France increased during Includes clo ck s and w atches. B rok ers in clu d e alt real esta te, note, insurance N o w that the loan o r produce d ea le rs w h ose m ain business Is n o t th e ha n dlin g o f actual products, the week by about 12 millions sterling. and tra n s p o rters In clu d e a ll e x c e p t in corp ora ted ra ilw a y com p an ies. Under is placed, money w ill become even more abundant and cheat) B anking are included m ortg a g e, loan and all sim ilar fiduciary concerns. than before, for trade is exceedingly slack in France, and there is a total indisposition on the "part of investors to en Sales o f Stocks and Bonds D a rin g Y e a r 1901.— Onr gage in any new enterprise. The opinion among the best usual m onthly detailed statement o f transactions on bankers in Paris is that in the course o f a few weeks money w ill become so cheap that the French banks w ill increase the various N e w Y o rk Exchanges is appended. The results m aterially the balances they are already employing In fo r the tw elve months o f the calendar year are given and fo r London. THE CHRONICLE Janvary 11, 1902.] I n G e r m a n y th e s lo w liq u id a tio n o f b a d business g o e s o n ; b u t th e w o r s t o f th e c r is is is b e lie v e d t o b e o v e r , a lt h o u g h o f c o u rs e t h e r e a re s t ill s e v e r a l s m a ll fa ilu r e s w e e k a ft e r w e e k . T h e r e is a g r e a t o v e r - p r o d u c tio n a n d e x t r e m e d iff ic u lt y in s e llin g g o o d s . L a r g e n u m b e rs o f p e o p le a r e o u t o f e m p lo y m e n t, a n d in so m e o f t h e g r e a t t o w n s th e r e is m u c h distress. T h e c r is is is e x c e e d in g ly serio u s u n d o u b t e d ly ; b u t a n i m p r o v e m e n t m a y re a s o n a b ly b e lo o k e d f o r b e fo r e lo n g A s u su a l a t th is t im e o f th e y e a r , t h e r e h as b ee n a g o o d d e m a n d f o r m o n e y , w h ic h w i l l p r o b a b ly c o n tin u e t h r o u g h o u t n e x t w e e k . A w e e k la t e r , h o w e v e r , th e in te r e s t o n th e n a tio n a l d e b t w i l l b e p a id , a n d th e G o v e r n m e n t e x p e n d it u r e w i l l b e v e r y la r g e ; a n d th e n i t is p r o b a b le th a t th e d e m a n d f o r m o n e y w i l l f a l l o f f f o r a l i t t l e w h ile . O n t h e o th e r h an d , t h e ; r o p o r tio n o f th e r e v e n u e c o lle c t e d in t h e fir s t q u a r t e r o f t h e c a le n d a r y e a r , w h ic h i t w i l l b e r e c o lle c t e d is th e la st q u a r te r o f o u r fin a n c ia l y e a r , is v e r y m u c h h e a v ie r th a n in a n y o th e r th r e e m o n th s , a n d t h is y e a r i t w i l l b e e x c e p t io n a lly h e a v y , b ec a u se b y f a r th e g r e a t e r p a r t o f th e in c o m e t a x is c o lle c t e d in th e n e w q u a r t e r , a n d th e in c o m e t a x n o w is h ig h e r th a n la s t y e a r . T h e r e fo r e t h e G o v e r n m e n t r e v e n u e w i l l be e x c e p t io n a lly la r g e d u r in g th e n e x t t h r e e m o n th s , a n d th a t m e a n s t h a t e x c e p t io n a lly la r g e su m s w i l l b e t r a n s fe r r e d fr o m t h e o t h e r b a n k s t o th e B a n k o f E n g la n d a n d th a t c o n s e q u e n tly t h e B a n k o f E n g la n d w i l l g e t c o n t r o l o f t h e m a r k e t unless th e fo r e ig n b a n k s e m p lo y su ch v e r y c o n s id e r a b le b a la n c e s h e r e t h a t th e e ffe c t o f th e r e v e n u e c o lle c t io n is n e u tr a liz e d . T h e ^ ge n era l im p re s s io n is t h a t th e f o r e ig n m o n e y e m p lo y e d in L o n d o n w i l l b e in c re a s e d , b u t t h a t f o r a ll t h a t m o n e y w i l l b e in v e r y s t r o n g d e m a n d f o r th e g r e a t e r p a r t o f th e n e x t t h r e e m o n th s. E ls e w h e r e in E u r o p e m o n e y w i l l t e n d t o b e c o m e m o r e p le n t ifu l a n d c h e a p e r. T h e la r g e su m s w h ic h g o o u t f r o m t h e g r e a t c e n t r a l b a n k s to th e p r o v in c e s d u r in g th e la s t t h r e e m o n th s o f th e y e a r a lw a y s r e tu r n e d in c o n s id e ra b le a m o u n ts in th e fir s t th r e e m o n th s o f t h e f o l l o w i n g y e a r , a n d c o n s e q u e n tly th e te n d e n c y w i l l b e f o r m o n e y t o b e c o m e c h e a p e r a n d c h e a p e r a ll o v e r t h e C o n tin e n t, e s p e c ia lly as t r a d e is so d ep ressed , e v e r y w h e r e . A s t h e f o r e ig n m o n e y m a r k e ts b e c o m e e a s ie r i t is p o ssib le t h a t t h e r e fle x a c tio n u p o n o u r o w n m o n e y m a r k e t m a y b e g r e a t e r th a n is g e n e r a l l y a n t ic ip a t e d as y e t ; b u t f o r th e t im e b e in g t h e p r e v a ilin g o p in io n is t h a t m o n e y w i l l b e in s t r o n g d e m a n d a ll th r o u g h th e n e x t t h r e e m o n th s . T h e B a n k o f B o m b a y y e s te r d a y r a is e d it s r a t e fr o m 4 p e r c e n t t o 5 p e r c e n t. T h e In d ia C o u n c il c o n tin u e s t o s e ll it s d r a fts f a i r l y w e ll. I t o ffe r e d f o r t e n d e r o n T u e s d a y 60 la c s , a n d th e a p p lic a tio n s e x c e e d e d 590 la c s a t p r ic e s r a n g in g fr o m Is . 3 31-32d. t o la . 4 l-3 2 d . p e r ru p e e . T h e w h o le a m o u n t o ffe r e d w a s a llo t t e d . T h e f o l l o w i n g r e tu r n s h o w s t h e p o s it io n o f t h e B a n k o f E n g la n d , t h e B a n k r a t e o f d is c o u n t, t h e p r ic e o f c o n s o ls , & c , 10. 91 Dec. 2 . 1 s Circulation......................... 3 ,1 1 2 0 5 ,1 0 Public deposit*................... 1 ,7 1 5 0 4 ,5 8 other deposits..................... 8 ,6 0 0 7 0 ,1 8 Uovernment securities.......... 1 ,4 5 0 7 7 ,6 5 Other securities.................... 2 ,0 4 5 9 6 ,8 3 Reserve of notes and coir...... 1 ,6 5 2 9 8 ,4 4 Coin&bullion,both departm’ts 3 ,0 4 4 2 6 ,5 4 Prop.reserve to liabilities,.p.o. 40^ Bank rate.............. per oent. 4 9 4 Consols, 2% per cent...,........ Silver................................. 25% 4. Clearing-House returns........ 1 4 9 ,0 0 4 ,5 0 0 10. 90 19. 89 Dec. 2 . 8 Dec. 2 . 7 s, s. 2 ,8 8 8 2 ,2 4 7 9 1 ,2 0 8 0 ,9 0 0 3 ,2 1 7 8 ,5 9 ,8 3 3 ,1 5 0 8 ,6 9 1 41411,281 8 5 ,0 2 1 ,1 7 6 1 ,0 0 8 6 8 ,0 0 3 8 ,8 0 2 ,0 0 7 3 ,0 3 4 9 3 ,4 1 5 8 ,8 4 1 ,5 2 8 8 1 ,8 7 9 6 0 8 7 4 ,3 7 2 ,5 1 6 2 ,3 2 0 8 4 ,1 3 9 4 ,8 7 37% 3 9-16 6 4 6 9 1-10 7 08% W <t. % 2 i5-ifld. 6 1 1 2 ,0 0 1 6 1 ,0 0 1 ,3 0 0 1 ,2 8 0 19. 88 £ 2 ,8 8 8 7 0 .8 5 7 3 ,0 8 ,1 1 2 3 .2 9 9 6 7 ,4 5 1 ,2 9 3 1 9 ,6 6 8 ,0 1 2 1 8 ,0 7 1 .8 1 5 8 3 ,6 6 2 .3 7 4 9 3 ,8 1 4 3-16 3 4 Dec. 2 8 110% 2 6-l«d. 7 1 7 2 ,0 0 2 ,9 8 0 T h e B a n k r a t e o f d is c o u n t a n d o p e n m a r k e t r a t e s a t t h e c h ie f C o n t in e n t a l c i t i e s h a v e b e e n a s f o l l o w s : Dec. 27. Rates of Interest at Dec. 2 . 0 3 Dec. 1 . Dec. 6 . a ,k Oven Bank Oven Bank Oven Bank Oven B /n Rate. Market Rate. Market Rate. Market Rats. Marked Paris............ Berlin........... Hamburg....... Frankfort...... Amsterdam.... Brussels......... Vienna.......... 8t. Petersburg.. Madrid.......... Copenhagen. .. 3 2% 3 3 4 4 4 3 3 2% 4 4 8H 4 5H 4 5 8% 8 % 2% 4 3 8 m 4 m nom. 4 5 5% 4 5 8 % 8 % 24 5 2% 8% nom . 3 4 4 4 3 3 4 5% 4 5 4 5 24 5 3 8 8 24 9 2% 84 5 nom . 4 5 3 4 4 4 3 3 4 5% 2% 2 15-16 2 1 -1 5 8 2 16-10 2% 4 2% 3% nom . 4 6 5 T h e r a t e s f o r m o n e y h a v e b e e n as f o l l o w s : London. ■ X £ Nov. 8 4 0 Dec. 7 4 " 1 4 4 • 2 4 • 1 " 28 4 Interest allowed for deposits bv Open Market Rates. f; y . Joint DIs’tU ’s Stock At 7-14 3Months. 4 Months. 0 Months. 8 Mos. 4 MOS. Banks Call Dayi Bank Bills. Trade Bills, 4 5 1 8 6 3 7-16 3 7 ® 5 -16 5 @ 2 4 24 24 5 -16 8 4 5 5 5® 4 34 5 24 24 24 5 5 8540*54 3 4 4 34 5 39-10 39-10 3 f)< 8 9 5 ® -10 4 4 5 2 4 2 4 24 5 5 8% 37-10 85 ®4 4 @ 5 2 4 2 4 2 4 4 5 5 44 5 34 5 34 -5 4 5 5 84 9 34 5 2 4 24 2 4 5 VK® 8 M essrs. P i x le y D ecem ber 24: & A b e ll w r i t e as fo l l o w s u n d er d a te o f Gold With the end of the year almost at band, the demand ban become rather easier, and rates have slightly given way. The Conti nen continues to be the best buyer and baa taken all amounts on offer. The Hank has lost during the week £150,000 sent to Egypt. Arrivals: Dane Town, £134,000; West Indies, £24,000; Chile, £4,000. Total, £102,000. Shipments: Bombay, £20,000; Colombo, £5,000; Calcutta, £10,000. Total, £35,000 Silver -The price of 25% was not maintained, and with some pres <1. sure from sellers the rate fell to 25*fld, At this level sundry orders 77 put a stop to any further decline, an<l the market closes firm. The Indian prloe Is Rs05%@05%. Arrivals: New York, £13,000; West ladles, £0,000; Chile, £10,000; total, £32,000. Shipments: Bombay, £02,500; Calcutta, £17,500. Total, £110,000. Mexican Hollars— There have been no dealings during the week and the price Is quite nominal. T h e y a lso w r i t e as f o llo w s u n d e r d a te o f D e c e m b e r 19 : Gold-Low exchanges from Berlin and the continuance of the demand for Vienna and Paris have taken all the supplies of bar gold from the open market, and wo quote 77s. 10%<L buyers. The Hank of England has lost £190,000 for Koumania, Malta, South America and Egypt. Arrivals: Australia, £190,000; Bombay, £47,000; Straits, £8,000; Cape, £44,500; River Plate, £21,000. Total, £316,500. Shipments: Bombay, £5,000; Madras, £5,000; Roumarila, £20.000; Malta, £20,000; South Amerloa, £100,000; Egypt, £50,000. Total, £200,000. Sliver— The Eastern buying lias continued all the week, and with no pressure of sales from New York we have advanced to 25%d. cash and 25i3ied. forward, closing, however, sellers at both prices. Prloe In India Rs. 65%. Arrivals: New York, £138,100. Shipments: Bombay, £105,000; Shanghai, £130,000; Calcutta, £10,000; Madras, £2,400. Total, £247,500. Mexican Dollars—There has been practically no business In dollars. Nearest prloe %d. under bar silver. Arrivals: New York, £17,400. Shipments: Hong Kong, £17,240. D ie q u o t a t io n s f o r b u llio n a r e r e p o r t e d as f o l l o w s : GOLD. uondon Standard. Dec. 24 8 . 4»r gold, fine— oz. J.S. gold coin-.-OZ. ierzn’n gold ooin.oz. french gold ooin.oz. Japanese yen___oz. * Nominal. Sil v e r . Dec 19. d. Dec. Dec. d. London Standard. d. 24 ds 19. 77 10% 77 10 Bar silver, fine... oz. 25% 25% 76 4% 76 4% Do 2 mo. delivery 258s 25l3ia 78 5 76 5 Bar silver, oontain’g do 5 grs. gold.oz. 26 78 5 76 5 26% 6 78 4% 76 4% do 4 grs. gold.oz. 25131 261ia do 3 grs. gold.oz. 2538 257 8 Cake silver.......oz. 27% 27% Mexican dollars.oz. 2 5V nom. T h e f o l l o w i n g s h o w s t h e im p o r t s o f c e r e a l p r o d u c e i n t o th e J n ite d K in g d o m d u r in g t h e s ix te e n w e e k s o f t h e season jo m p a r e d w i t h p r e v io u s s e a s o n s : IMPORTS. 1901-02. 1900-01. 1899-00. 1898-99. jnp’ts of wheat, owt.20,084,100 23,783,700 19,998.000 18,651,100 10,496,600 8,164,300 6,336,200 11,461,300 Barley............ 7,204,900 6,006,500 5,197,770 Jats ..................... 6,432,800 Peas..-........ ......... 646,700 945,530 1,298,800 819,820 Beans................. 709,000 691,340 586,000 827,140 Indian corn ..........13,0X4,200 16,343,400 20,316,100 15,104,700 Flour................... 7,085,900 7,019,100 6,996,800 6,575,430 S u p p lie s a v a i l a b l e f o r c o n s u m p t io n ( e x c l u s i v e o f s to c k s on S e p te m b e r 1): 1 -09 1 QOO.Ol 1 QQQ.OO 1 qqd no Wheatimported,ewt.20,684,100 23,783,700 19,996,000 18,651,100 tmportsofflour...... 7,085,900 7,019,100 6,996,800 6,575,430 «alesof home-grown.10,101,464 8,283,366 11,011,824 11,032,946 Total.............. 37,871,464 39,086,166 38,034,624 36,289,476 Aver.price wheat,week.278. 7d. 26s, 9d. 25s. 4d„ 27s. 2d. Average price, season.26s. 5d. 27s. lOd. 26s. 3d. 27s. Id. T h e f o l l o w i n g s h o w s t h e q u a n t it ie s o f tn a ize a flo a t t o t h e U n i t e d K i n g d o m : T h iz week. Wheat...........qrs...2,315,000 Flour, equal to qrs... 305,000 Maize...........qrs... 755,000 Lazt week. 2,320,000 310,000 810,000 w h e a t , flo u r a n d 1900. 1,990,000 385.000 790.000 1899. 1,325,000 310,000 890,000 Sh&KllsJfc F i n a n c i a l M a r U c ls —P e r C a b le . T h e d a i l y c lo s in g q u o t a t io n s f o r s e c u r it ie s , e t c , , a t L o n d o n a re r e p o r t e d b y c a b le a s fo l l o w s f o r t h e w e e k e n d in g J a n . 10, LOWDOH. S a t. M on. 0 Silver, per ounce.....d. 2515J 25% 94% Consols., new. 2% p.ots. 94% 9451 6 For account............ 94% ST’ohrentes(inFari8)fr. 100-40 100a 5 Spanish 4s____......... 77% 76% 6% Anaconda Mining...... 6% 82% Atoll. Top. & Santa Fe.. 82% Preferred....... ........ 105% 105% Baltimore & Ohio...... 110% 109% Preferred.......... 98% 98% Canadian Paciflo....... 118% 118% 48% Chesapeake & Ohio.... 49% 24% Ohloa. Great Western.. 24 % Ohio. Mil. & St. Paul... 170% 170% 46% Oen. & Rio Gr.,oom.... 47% 95% Do do Preferred. 96 44% 43% Srie, common..... . 70% 1st preferred.......... 76% 64 2d preferred............ 64 144% Illinois Central.......... 144 Louisville & Nashville.. 110% 109% 29% Mexioan Central........ 28% 15% Mexican National...... 15% Mo. Kan. & Tex., oom.. 27% 27% 54% Preferred................ 55% W Y. Cent’l & Hudson.. 172% 171% . 36% N. Y. Ontario & West’n 86% 59% Norfolk & Western..... 60% 93% Do do pref. 93% 102 Northern Paciflo, pref.. 102 Pennsylvania....... . 77% 77% "Phlla. & Read.......... 29% 29 42% 'Phlla.& Read.,1st pref. 42% 33% ‘ ,Phlla.&Read.,2d pref 83% 02% southern Pacific......... 62% 34% ionth’n Railway, oom.. 35 Preferred............... 90% 90% Onion Pacific............ 100 105% Preferred................ 92% 92% 1 . 8. Steel Corp., com.. 46% J 40% Do do pref.. 97% 99 'abash................. 23% 28% 44% Do preferred....... 44% Do Deb. “ B” ....... 09% 69% * Price per share. In e z . 25Hie 94l1 6 94% ICO 50 77 6% 82% 106% 109% 99 119 48% 24% 172 46% 96 44% 70% 63% 144 110 20% 16 27% 55 172% 36% 60% 94 102 77% 29% 42% 33% 02% 35 97 105% 92% 48 99% 24 45 71 W ed. T h u rs. Fri. 25i3lfl 25% 25% 93ii1 93% 6 93% 93% 93018 939;6 00 42% 00-32% 00 47% 76% 76% 76% 0% 6% 6% 81% 81% 80% 105 106 101% 107% 107% 106% 98 98% 98% 117% 118% 117% 48% 48% 48 23% 24 23% 169 169% 167% 45% 45% 44% 94% 95% 95% 43% 43% 42% 75% 76% 74% 61% 62% 61% 143 143% 142% 108% 108% 108% 28 29 28 15% 15% 15% 26% 27 26 53 54 53 171% 171% 170% 35% 35% 35 58% 59 58% 93% 93% 94 102 102 102 76% 76% 76% 28% 29% 28% 42% 42% 42% 32% 32% 32% 81% 62% 61% 34% 34% 33% 96 96% 95% 104% 106% 104% 91% 92% 91% 45% 45% 44% 97% 97% 97 22% 23% 22% 43% 44% 43% 70 71 69% THE 78 CHRONICLE 0$o m i n e r e t s l a n d J W « c e U a r i e o u s I t e u n N a t io n a l Ba n k s .— T h e f o llo w in g n a t i o n a l b a n k s is f r o m th e T r e a s u ry regarding Department. in fo r m a tio n NATIONAL BANKS ORGANIZED. Certificates Issued November 2U, 1901 to J a n u a ry 4 1308* [You LXX1V 6.080— The Coon Rapids N a tio n a l Bank, Coon Rapids, Io w a . C apital $25,Oi 0. John Lee, P re s id e n t; Dana Reed, Cashier. 6.081— Th e F irst N a iio u a l Bank o f Santa R '»«a, N e w Mexico. C a p ita l $25,000. Jefferson R eyn old s, P re s id e n t; H erm an 1). M yers, Cashier. 6.082— T h e l irst N ation al Bank o f F itz g e ra ld . G eorgia. C apital, $50,4 00 --------- —— .P r e s id e n t ; E. K F arm er, Cashier. jj 6.083— Th e Ru ral V a lle y N a tio n a l Bank, R u ral V a lle y Pen n sylvan ia, C apital, $30,000. R. M. T ro llin g er, P resid en t; Jno. C. Burger, Cashier. 6.084— T h e Farmers* & M erchants’ N a tio n a l Bank o f W lnohester, V irg in ia C apital, $100,000. R. T. Barton, P r e s id e n t; H. D. Fuller, Cashier. 6 0 3 0 —T h e F irst N a tio n a l Hank o f Las A nim as, C olorado. C apita), $25.• O > Paul J Uanui . Presid** t; Oscar P S m ith,C ash ier. . 0,031—Th e f i r s t National Haute o f Lurav. V irginia. C a p ita l, $26,000, GO It VO a a.TIL E X IS T E N C E O f N A T IO N A L B A N K S E X T E N D E D . E D Newm an, President; J. S. Price. Oa*hter. 0,032—Th e N ational Hank o f Com m erce o f N o rfolk . V irgin ia . C a p ita l. 2.600— The L a n caster N a tio n a l Bank, Lancaster, N e w H am pshire, *250,000 N a ih a n iel Beaman. President; H M K err,C a sh ier. L until close o f business N o vem b er 26. 1021 0,033—T h e Oscet la N ational Hank Osceola, Iow a. Oapl al, $25,0Oil. 2.618— Thu Hudson N ational Bank, 1 ulson, Massachusetts, u n til close 1 Chaw v Av re-*. President; P L F o w ler, Cashier. o f business N ovem b er 28# 92 ». 6,034—'T h e N ation al M anufacturer* Hank or NVonali, W isconsin. 2,605—Tim C om m ercial N ational Bank o f Columbus, Ohio, u ntil d o s e c apita), $ ’ 5,000, I>. U. Van O slla n d , Presiden t; S, B. M o r of business November 29. 1921. gan Cashier. 2.597— Th e First N a tio n a l Bank o f Ogden, Utah, until oloset f business 0,035—Th e F irst N ation al Hank » f W heaton, M innesota. C a p ita l, D ecem ber 2,1921 $ 5,000. D a vid Burton. Presiden t; Hud Anderson, Cashier, 2.598— The Gar held N ational Bank o f the Cifcv o f N ew York, N e w Y o rk , 6.036— Th e F irst N a tlo i al Bank o f Brigham C ity, Utah. C apital, until close o f business D ecem ber 7, 1921. $ 3",oo0. L ore z«» N Btohl. President; John D. Peters,C ashier. 2.601— Th e W inters N a iio n a l Bank o f D ayton, Ohio, until oloee o f 6 .0 3 7 — T h e D e i v e r N a t i o n a l B a n k o f D e n v e r P e n n s j l v a i ia. C a p i t a l , business D ecem ber 14. 1921. $50,4,00 M (J. ilehs. P< esldent; A lv in W. M en tzer, Cashier; 2,652—Th e Stock G r were’ N ational Bank o f Cheyenne, W yo m in g, un A. W. Mai burger. Vice* Pi esldent. til d o s e o f business D ecem ber 19, 1921. 6,038 —Th e C itizens1 N a tio n a l Bank or L o n g Brancn, N e w Jersey. 2.619— 1he M erch an ts’ N ation al Bank o f Dunkirk, N ew Y o rk , u ntil C apital, $10o,000, Hums B lodgett, Presiden t; H a rry B. close o f business D ecem ber 20. 19 2 1. Sherman J r , Cashier C onversion o f the C itizen s’ Bank o f 2.622— The F irst N a tio n a l Bank o f F o rt Collins, C olorado, u ntil close L o n g Branch, o f business D ecem ber 21, 1921. 6 039—'T he First N ational Hank o f Goodland, Kausas. C apital, $25,* 2,626—T h e T a rry tow n National Bank, T a rry to w n , N e w Y o rk , until 000. Joseph s. H u tchison, Presiden t; B. F. B row n , Cashier. close o f business Dee. *z3,1921. Conversion t f Good land C ity Bank 2 ,6 1 4 -L h e F irst N a tio n a l Bank o f A lbu qu erqu e, N e w M ex ico , until 6.040— T h e Fuse N ation al Bank of C enter Point, Texas. Capital, close o f business D ecem ber 24. 1*21, $25,* 00. H. M. B arnev, P resid en t; G. P. M cG orkle, Cashier. 2.610— The Salam anca N a tio n a l Bank, Salam anca, N e w Y o rk , u n til 6.041— 'T h e M an illa N aiiou al Bank, M an illa. Io w a C apital. $25,000. olose o f business Decern bet- 28 19 4 1. -------, President; D. W. Shaw, V ice-P resid en t; F. L. Van 2,646—T h e F irst N a tio n a l Bank of Topeka, Kansas, until close o f Blyke Cashier. business Let-ember 26, 1921. 6,012—Th e F irst N ational RaDk o f B row n sville. Tennessee. Capital, 2.611— Th e Fourth National Bank o f G rand Rapids, M ich., u n til close $25,004 . J. a . W ilder, Presiden t; R. M. Chamblies, Cashier. o f business D ecem ber *9. 1921. 6 043—Th e C itizen s N ation al Bank o f L o n g v ie w . Texas. Capital, 2.623— Th e Manufacturers* N a tio n a l Bank o f B a ltim o re, M a ryla n d , $50,4 OO H H. H o w e ll, Presiden t; F. K Brow n, Cashier. until close o f business Decem ber 29, 1921. 6.044— F irst N a iio n a l Bank o f Bakersfield. Cal forn ta. C apital, $100,- 2.612— 1 he P eo p le’ s N a tio n a l Bank o f L a w ren oeb u rgb , Indiana, u n til OtO Clinton E. W orden , President; Frank 8. R ice, Cashier. close o f business D ecem ber 30. 19 41. 6.045— The F irst N a tio n a l Bank ( f P a rk ers’ Lan d in g, P en n sylvan ia. 2,749—T h e F irst N a tio n a l Bank o f H ou ltou , M aine, u n til olose o f Capital, $25,000. K. Gritlith, Presiden t; C W W ick, Cashier. business D ecem ber 31, 1921. 6,C46—Th e F irst N a iio n a l Bank o f Cellna, Texas. C apital, $26,000. 2,617—Th e State N a tio n a l Bank o f Austin, T ex a s, u n til close o f busi J. E M itch ell, P r e s id e n t ;----------------, Cashier. ness Janu ary 3, 1922. 6.047— Th e C ow eta N a tio n a l Bank o f N ew n an , G eorgia. Capital, 2,621—T h e O ttu m w a N a tio n a l B an k, O ttu m w a, Io w a , u n til olose o f $50,0 00. R I I H ard a w a y. Pievid en t; N. L. North, Cashier. business Jan 3, 1922. 6.048— Th e W agon er N a tio n a l Bank, W agoner, In dian T eriico ry. a p p l ic a t i o n s t o c o n v e r t s t a t e b a n k . C apital, $25,000. F. O. Blieldon, Presiden t; C. J. B row n, Approved November 29, 1901, to January Sy 1902. Cash er. 6.049— The f i r s t N a tio n a l Ban k o f H erndon, P en n sylva n ia . C apital, T h e F irst State Bank o f W aubay. South D akota, In to Th e F ir s t N a $25,000. H e n ry D. Bow er, P re s id e n t; A d a m 8. H ep n er, tion al Bauk o f W aubay. C apital. $25,000. B lanks sent to C. C. Cashier. Guernsey, Cashier. 6.050— Th e O ran ge N ation al Bank, O range. T ex a s. C apital, $50,000. The Bank o f G eary. O klahom a T e rrito ry , Into T h e F irst N a tio n a l Gso. W. B an croft, P resid en t; Jas. P. Roach, Cashier. Bank o f G earv. Capital, $25,000. Blanks sent to John H Dillon. 6.051— The C itizen s’ N a tio n a l B a n k o f S la tln gto n , Pen n sylvan ia. The Bank <f Chandler, Oklahom a T e rrito ry , in to T h e Chandler N a C apita], $50,000. ------- ------- , P r e s id e n t; H . H. JYJisaon, tion al Bank. Capital, $25 000. Blanks sent to John M. H ale, Cashier. Cashier The Bank o f Chinook. M ontana, in to The F irst N a tio n a l Bauk o f 6.052— T h e F irs t N a tio n a l Bank o f C ordell, Oklahom a T e rrito ry . Chinook. C apital, $ .0,000. Blanks sent to ( has. E. Owens, Cashier. Oapi al, $25,000. G ibson H . R o w le y , P resid en t; H erm a n L. The F irst State Bank o f W a v e riy , L iiin o s. into Th e F irst N ation al R o w le y , Cashier. Bank o f W averiy. Capital, $25,000. B lanks sene to F ir s t State 6.053— Th e A m erican N a tio n a l Bank o f E v e re tt, W ashin gton. C apiBaLk, W averiy, Illin ois. tal, $I4j0,000. J. T. M oCliesney, P re s id e n t; R o t ert M oody, The M erchants’ Bank o f B ottineau , N orth Dakota, in to Th e F irst Cashier. Nath nal Bank o f Bottineau. C apital, $25,000. B lanks sent to F. W. 6.054— Th e F irst N a tio n a l Bank o f F o ld a , M innesota. Capital, Cathro, B ottineau , N orth Dakota $25,000. J. M. D ickson, P jesident C. A. M eillcke, Cashier. Th e Eastern B u ik o f Oklahom a. Ralston, O klahom a T e r rito ry , in to 6,055 -T h e F irst N a tio n a l Bank o f L iv e Oak Florida. C apital, $30,- The First N a tio n a l Bank o f R a lsT on. C a p ita l, $2o,090. B lanks sent 000. Clias. H. B row n, President ; ----------------.C ashier. to H. E. Thompson. R a ’ston. Oklahom a T e rrito ry , 6.056— Th e F a rm ers’ N a iio n a l Bank o f R ed Oak, l o w - . Capital, $60,- The Bang o f Benson, M innesota, in to the First N ational Bank o f 4 OO. M. Chandler, P resid en t; O. J. Gibson, Cashier, j Benson. C apital, $25 000. Blanks sen t to th e Bank o f Benson. 6.057— Th e h irst N a tio n a l B a n k o f E aton , Colorado. C apital, $25,00 0. The M eeker County Bank o f Litch h eld , M innesota, In to the F irs t N a W illia m W SuilivaD, Presiden t; F red erick L. W eller,C a sh ie r tion al Bank o f Litchheld. C apital, $50,0do. B lan ks sent to the 6.058— Th e F irst N a tio n a l Bank o f Sayre. Oklahom a T e rrito ry . CapiM eeker County Bank. LIQUIDATION tal, $45,00“ . A L Thurmond. P resid en t; Gt-orve F. Sisson, Cashier. C on version o f the Thurm ond S tate Bank, Sayre, 4,270—The N a tio n a l Bank o f Com m erce o f Omaha, Nebraska, has gon e Oklahom a. in to vo lu n ta ry liqu idation by resolu tion t f its shareholders 6.059— Thu O x fo rd N a tio n a l Bank, O x ford . Ohio. C apital, $50,COO. dated De( em ber 10. 9 0 i, to ta k e etleor im m ed ia tely. JosiaJh A W elsh, P resid en t; C. A. Shera, Cashier. 646—The Shoe < L ea th er N a tio n a l Bank o f Boston has gone in to fc 6.060— The F irst N a tio n a l Bank o f Ocean C ity, N e w Jersey. Capital, vo lu n ta ry liqu idation , by resolution o f its shareholders dated $50.u l0, L . M. Cresse, P re s id e n t; W . S cott H and, Cashier. D ecem ber lu , 190L, to ta k e effect im m ediately. 6.061— Th e F a r n ie i’ s N a tio n a l Bank o f P on ca C ity. O klahom a T e r r i 359—Th e T h ird N ation al Bank o f B >stoD, Massachusetts, has gone tory. Capi al, $25,000. John Jensen, P resid en t; J. J. Mo in to vo lu n ta ry liq u id a tion by resolution o f its shareholders G ra w , Cashier. dated D ecem ber 23. to ta k e effect D ecem ber 2 t, 1^01. 6.062— Th e F irst N ation al Ban k of B a y C ity , Texas. C a p ita l, $50,000. 387—Th e N in th N ational Bank o f the City o f N e w York, N e w Y o rk , J. M. M oore, President; W. T. Goode, Cashier. has gone in to vo lu n ta ry liq u id a tio n b y resolu ion o f its s to c k 6.063— The F irst N a tio n a l Ban k o f Pom eroy, Io w a C apital, $40,000. holders, dated D ecem ber 9, to take effeot Decem ber 3 1 ,1991. L e w is W. M oody, P re s id e n t; A lb e rt B. N ix o n , Cashier. 6.064— Th e F irst N a iio n a l Bank o f K en m are, N o rth D akota. Capital, $*5,04.0. Charles H . Ros6, P r e s id e n t ;----------------, Cashier. I m p o r t s a n d i &x p o r t s f o r t h e W e e k .— T h e f o l l o w i n g a r e 6,0€5—T h e F irst N a tio n a l Ban k o f L it t le Y o rk , Illin ois. Capital, h e im p o r ts t N e w Y o r k fo r th e w e e k e n d in g fo r d r y g o o d s $z5 OoO. R M. Stevenson, P r e s id e n t; 8. L. Thom son, Cashier. 6.066— The C itizen s’ N a tio n a l Bank o f P o r t A lle g a n y , Pen n sylvan ia. J a n . 2 a n d f o r t h e w e e k e n d i n g f o r g e n e r a l m e r c h a n d i s e Capital, $50,000. C. A . D o lley, P re s id e n t; M. T. Page, J a n . 3 ; a l s o t o t a l s s i n c e b e g i n n i n g f i r s t w e e k J a n u a r y . Cftshi e r FOREIGN IMPORTS. 6.067— T h e A iv o rd N a tio n a l Bank, A lv o rd , T ex a s. C apital, $25,000. W. R Thom pson, P resid en t; Jno. T. C arter, Cashier. 1900 1899 1901. H’o r wce.fi. 1902 6.068— Th e F irs t N a tio n a l Bank o f F a irp o rt H arbor, Ohio. Capital, .*25,000. W m Tru b y, P re s id e n t; C. A . M oodey,C ashier. $2,116,015 $2,368,076 $2,257,106 *2,699.552 6.069— Th e F irst N a tio n a l B ank o f Blum, Texas. Capital, $*5,000. •>ry Goods— 7,390,637 7.612,153 7,816,379 D. E W aggon er, P resid en t; W A. W ells, Cashier. 4enT mer’dise 7,497,133 6.070— T h e Farm ers’ N a iio n a l Ban k o f Sheridan, Indiana. C apital 9.S69.259 $9,932,394 $10,258,911 *30,0oo. John C. N ew b y, P re s id e n t; Thom as L . H arris, T otal..-.-. $10,196 685 S in c e J a n . 1. Cashier $2,257,106 $2.36S,076 $2,116,015 $2,699,552 6.071— Th e Van Zandt Cou nty N a tio n a l Bank o f W ills Point, Texas. Dry Goods.... 7,612,153 7,890,837 7,816,379 7,497,133 Capital, $35,000. H . F. G oodnight, P r e s id e n t; E. C. L ew is, 4en’l mer’diae Cashier. $9,^69,259 *9,932.394 $10,258,911 6.072— Th e N a tio n a l Bai k o f Chanute, Kansas. C apital, $50,COO. J. Tot.a$ 1 week. $10,196,685 H. L igh t, P resid en t; G eorge N. Lindsay, Ca.-hier. T h e f o l l o w i n g is a s t a t e m e n t o f t h e e x p o r t s ( e x c l u s i v e o f 6 .0 7 3 — T h e F irs t N a tio n a l Bank o f B ritton , South Dakota. Capital, $2,5,000. D. T. H lnduian, Presiden t; S. E. Forest, Cashier. jp e o ie ) fr o m t h e p o r t o f N e w Y o r k to f o r e ig n p o r ts f o r th e 6.074— Th e C am N a tio n a l Bank o f P o r t A n geles, W ashington. Capi v e e k e n d i n g J a n . 6 , a n d f r o m J a n u a r y 1 t o d a t e . tal. $2o,c00. John Cain, P resid en t; John A . Cam eron, EXPORT* FROM NEW YORK FOB THE WK5KK Cashier. 6.075— T h e Shuford N ation al Bank o f N ew to n . N o rth Carolina. C api tal, $ 3 0 , 0 0 0 . --------------- , Presiden t; J. C. Sm ith, Y io e-P resi 1301. 1300 18*9 1902 d en t; A . H. C row ell, Cashier. 6.076— Th e N a tio n a l P eo p le’s Bank o f Pu laski, Tennessee. Capital, f o r the week. $9,033,419 $13,073,893 *11,803,705 $8,874,991 $60.0uO. Z W. Ew ing, P resid en t; N. A. C rockett, Cashier. *rev. reported 6.077— T h e Union N ation al Bank o f L o w e ll, Massachusetts. Capital, $350,000. A r l i u r G. P o lla rd , P resid en t; John F. Saw yer, $9 033.419 #13 073.993 $11 802.705 $8,874,991 Total 1 week. Cash! er. 6.078— Th e c it y N ational Bank o f F o rn ey , T ex a s. C apital, $25,000. N ote .—As the figures of exports as reported by the New York Custom House from week to week frequently show divergence fw ui D G . M cK ella r, P resid en t; J. T. Rhea, Cashier. 4 079—Th e N orth G eo rg ia N a tio n a l Bank o f Blue R idge, G eorgia. the monthly totals, also compiled by the Custom House, we shall from 5 C apital, $40,000. John H . C arter, P r e s id e n t; A. 8 J. D avis, time to time adjust the totals by adding to or deducting from vu* amount4 previously reported.” 4 Cashier. THE CHRONICLE. J anuary 11, 1902.] 79 itoporlH of Non Member Banks.—T^e following Is the The following table shows the exports and imports of upeoie at the port of New York for the weok ending Jan. 4 itatement of condition of the non-member banks for the and since Jan. 1 1902, and for the corresponding periods in Yeek ending Jan. 4, based on averages of the dally result, , Dp o m it tw o nitih.prf* f 00 ) in »/ ,/ pp. 1901 and 1400. EXPORTS AND IMPORTS OP 8PB0IB AT HEW YORK. (S x p o r t i . Im p o rts . G o ld . S in c e J a n . W eek. $142,250 G re a t B rita in ........ F ra n o e .................. . _ G erm a n y............... . W est In d ie s ........... . M ex ico ............... .... floutJi A m e r ic a ____ A ll oth er countries. BANKS. (00b omitted.) 1 W eek. $14.2,250 10 000 2,000 $ . ........ 4,833 4,814 $154 250 17,000 2,937,9.^2 T o ta l 1 9 0 2 ...... T o ta l T o ta l 1900........ $142,250 $>,647 150.983 9 762 2,900 000 K x p o rU . W eek. S in c e J a n . 1. G re a t B r ita in ........ F r a n c e . . . . .......... G erm a n y ............ . W est In d ie s ..... . M e x ic o .... ............ South A m e r ic a ...... A ll o th er countries. $973,370 T o ta l 1 9 0 2 ...... T o ta l i y u i ____ T o ta l 1 9 0 0 ...... 3979.836 1,219,314 955.346 $ ........ . 135,472 9,702 Im p o rts . S ilv e r . W eek. $394,250 6,466 S in c e J a n . 1 $656 $ ......... 1,435 9,043 ......... $394 25C 404.120 783,916 $11,134 128,065 40,260 Capital. S u rp lu s Loans. $ $ $ Specie Bank ol N . Y ---- 2 , 000,0 3.218.1 17.927.0 2.944.0 Manhattan Co... 2.050.0 2.100.4 22.452.1 0,690,1 Merchants’ ....... 2 , 000,0 1.170.4 12.538.3 3.032.7 Mechanics’ ....... 2 , 000,0 2.394.8 12.847.0 1.719.0 A m erica........... 1.500.0 3.177.5 19.009.5 2.780.7 Ph en ix..... ....... 1 , 0 0 0 ,0 780.0 273.6 4.431.0 C ity .................. 10, 000,0 6.003.3 109,218,0 27.623.0 300.0 7.047.7 24,174,8 5.019.1 Chemical.......... 600.0 Merchants’ E x .. 760,9 5.062.1 201.5 Gallatin............. 1 , 000,0 2.004.0 8.480.1 1.031.8 300.0 280.0 63,3 Butch. A D rov’ s’ 1,289,9 400.0 610,0 130.4 Mech. A Traders’ 2.907.0 118,1 175.8 200.0 Greenwich........ 859,5 600,0 Leather M ’t’r* . 5.276.2 2 , 061,6 517.8 902,4 18,5 Seventh N atton’ 1 1.700.0 5.115.1 1.200.0 540.4 State ol N. Y 481.7 4.850.6 29.543.0 4.157.0 -8,4 American Exch. 5.000. 0 3.3 Commerce......... 10, 000,0 7.165.7 72.963.6 10,415,7 738.2 Broadway......... 1 .00 0 .0 1.638.3 8.095.2 M ercantile....... 1 , 000,0 1.380.5 13.748.2 2.220.9 422,7 613.8 2.685.0 519.0 P a cific.............. 480.2 997.2 450.0 5.941.0 Chatham........... 200.0 156.0 People’s............. 2.123.5 353.8 North America.. 1 , 000,0 1.106.7 11.043.4 1.040.7 0 Hanover............ 3.000. 6.041.2 40.758.7 7.760.1 545.2 491.8 500.0 I r v in g ....... 4.177.0 600.0 6.601.2 1,339,6 404.0 Citizens’ .... 220.7 289.4 500.0 Nassau...... 2.571.7 0 , 102,0 900.0 1.038.5 700.0 Market A Pulton 045.2 3.075.1 0 228.2 Shoe A Leather. 1 00 0 Corn Exchange.. 1.400.0 1.852.0 22.703.0 4.006.0 171.0 415.4 300.0 O riental___ 2.093.0 Im p’t ’rs’A Trad. 1.500.0 0,224,9 23.210.0 3.986.0 P a r k ................. 2 , 000,0 4,080,U 48.241.0 10.807.0 109.2 250.0 103.0 East R iv e r....... 1.314.3 Fourth.............. 8, 000,0 2.615.5 22.149.1 3.910.0 Central............. 1 , 000,0 601.7 10,449,u 1 . 022.0 9.138.0 1.529.0 300.0 1.062.0 Second.............. First..... .. . . . . . . . 10,000,0 11,351,4 78.197.8 14,101,6 670.7 500.0 330.9 N .Y .N a t’lE xch . 4.363.8 2w0,0 Bow ery............. 3.141.0 769.9 250.0 014.9 3.881.0 598.4 200.0 N. Y. County.... German A m erL. 750.0 430.8 3.487.8 410.8 10,344,5 Chase................ 1, 000,0 2,088,0 41.037.4 9.011.0 2.303.4 100.0 1,424,1 Fifth A ven u e... 212.3 German Exch ... 200,0 2,234,7 580.7 414.3 2.040.4 200,0 Germania... 830,3 Lincoln....... 300.0 1.037.9 18.015.3 1.171.8 7.444.4 1.643.9 Garfield............. 1 , 000,0 1.204.8 267.0 F ifth ................ 2.205.4 200.0 375.7 Bank of Metrop. 7.853.9 1.051.4 300.0 1,163,888.0 West Side......... 2.782.0 200.0 461.0 Seaboard_ _ 500.0 1.037.4 11,79%0 2.299.0 Western..... ....... 2 . 1 00.0 2.648.5 30,623,0 8.751.4 443.0 1st Nat., B ’klyn. 4,2^0,0 540.7 300.0 Liberty............ 770.7 500.0 0,087,3 1,105,3 N. Y. Prod. E x. 1 , 000,0 766.0 4.381.6 420.8 809.2 7.301.4 669.8 250.0 New Amsterdam Astor.......... 480.9 4.183.0 350.0 681.8 340.2 2.828.0 Hide A Leather. 382.6 500.0 . . Legale. $ 1.402.0 2.820.3 1,133,6 1.201.0 2.008.9 292.0 0,928,0 2.487.1 005.5 879.2 97,7 309.0 151.1 220.7 144.8 380.3 1.457.0 0,307,2 890.9 1.734.5 412.1 901.9 642.8 1.340.4 6.568.2 459.5 328.3 480,7 833.4 295.5 2.184.0 5 2,9 1.281.0 4,213 0 239.6 $ ........ 68,288 40,260 in— Deposits servt $ 17.439.0 28,272.7 15,18*,4 13.086.0 21.387.4 4.194.0 124,5 77,0 24.562.4 $.301,6 0,785,2 1.651.8 3.013.0 774,5 6.390.6 4.624.3 P .C 25 2 31-5 27 4 22 3 25-5 25'0 27*7 30-3 25*2 28 1 2 4'7 22*0 34'7 36* 8 23 1 3.040.8 23 0 22,8 i4r0 24'0 04.924.6 25*7 6.042.0 2 0 0 14.707.6 20'9 N. Y .* Dec. 14 . 2L.. 28.. Jan. 4.. Hub * Dec. 21.. 28. J an. 4., Phi la.* Dec. 21.. 28.. Jan. 4.. % 182.813,5 184,041,7 181,041,7 183,241,7 % m * 870,373.3 1044588 867,005.4 1010488 857,900 2 1010182 809,540,0 1048088 38,716,3 176.205.0 38,716,3 174.000,0 38,716.3 173.547,0 147.9 120,0 58 9 68,9 53 6 118.9 108,3 100.6 101,1 240,t 78 4 178,0 135 0 106.4 207,7 118.7 42,0 28.9 72.9 84.9 10,8 Bedford............... Broadway............ Brooklyn........... Eighth Ward........ fifth A venue...... Kings Countv...... M aaufaot’rs’ Nat’l. Mechanics.......... vieoh’s* A Traders’ Merchants’....... . Nassau National.. National City ..... Morth Side. J.,.,,.. Peoples........... . _ seventeenth Ward Sprague National.. Twenty-sixth W ’d. CJnion................ ’aiiaDOUt...... . 4 160,0 100,0 300,0 100,0 100,0 150,0 252,0 500,0 100,0 100,0 300,0 300,0 100,0 100,0 100,0 200,0 100,0 100,0 100,0 127,0 180,2 100,6 33,2 77,4 62,2 405,7 359,8 187,0 27 i 047,6 582,4 144,8 120,1 78,5 248,8 50,8 53,8 01,2 1223,3 1721,0 1048.0 300.8 087,7 085 0 2701.0 3810.9 904 4 701.0 3788.0 2900,0 938,2 911,0 537,6 1142 0 517,0 048.9 785.9 10.6 23.4 64,3 11.6 35,7 31,4 350 i 178.3 16.2 11.1 179.0 169.0 12,6 40.0 8,1 100,7 11.8 30.8 33,7 94 e U0 6 29,0 25,4 20,2 21,4 240 0 148.4 00 2 73.1 288S i 272,0 52,8 64 9 39,0 18.0 27,1 01,f c oain & 1 O Sank of Staten Isl at Nat.,Staten Isl 26,0 100,0 68.4 88,4 579 1 674,6 18.2 34,3 27,5 20,0 st Nat., Jer. City. 3ud. Co. Nat., J.C. 2d Nat., Jer. City.. M Nat., Jer. City.. 1st Nat., Hoboken. £ Nat., Hoboken. d 400,0 260,0 250,0 200,0 110,0 125,0 942,0 008,5 308,C 243,0 482,7 116.0 Borough of Richmond. Other Cities. 338.0 307.4 207.5 2.032.9 244.5 1 0 1 0 .2 492,4 2.835.0 34 L,5 235.7 061.0 377.0 1.303.0 2.301.9 477.0 426.0 358.9 1.248.5 341.7 114.1 . 24*8 20*1 32*0 19*7 26*8 24*0 21*0 25*0 2.917.0 20 2 14.081.0 20 0 42, *7 7,1 26'0 4.200.0 21*9 0,417,0 23'0 4.360.8 25 7 8,605,) 24'7 4.100.0 24*9 2.014.7 *2 8 71,785,8 70,700,0 71,990,0 74,267,8 $ 923,158,3 904,090.3 910,809.8 920,204,1 $ $ 31,870.0 10020498 31.929 3 14631312 31.860 1 i 1876011 31,874,2 10250380 8,527,0 212,997,0 5,342.0 130 120,3 8.930.0 209.033.0 6,363 0 105 617.3 9,390,0 216,018,0 6,081,0 140,721,7 197,915,0 9,863,0 108.777,5 194,074,0 9,830.0 90,984 3 204 808,0 9,852,0 113 840,8 f o r B o s t o n a n d P h i l a d e l p h i a t h e I t e m " d u e t o o t h o r b a n k a . '• 105,7 100.7 1321,3 147,6 1813,1 097,0 111,7 4.9 39.9 1,0 332,3 00.0 11,5 025,2 07.1 10,4 070,4 107,0 3280,3 232,0 23,0 4168 8 12/ 2 50,6 961.5 730.4 36 0 517,0 36,0 4405,0 533 0 02,0 3452,0 8.6 838,5 60,4 03.3 42,3 900,4 8.4 432,7 09,7 170 7 30,0 1002,2 50,4 1* ■ 617,1 00 2 52,8 720.0 782,9 44,0 36,0 98,4 87,5 Auction Sales.— -By Messrs. Adrian H, Muller 96 „„_„ 657.7 637,8 bon . Bondb. B onds. 20 6 21*3 1 f 1 150,0 2020,0 193.0 8,0 2564.0 277,6 75,0 1877,2 210,0 1336 1 129,4 8,4 1302 4 129.0 6,0 1840,0 202 2 62,6 2804,0 189,3 8 1403,1 274.2 0 .1 1813 2 243,0 2784 0 03,0 1 40.8 362 0 405,0 5154,0 09,0 1074,0 83,0 48,3 1200 9 372,7 2750 0 91,7 10,0 1276,0 98 8 10.e 731,0 80,1 445,2 134,9 4 835.4 169,1 5,3 1017,2 24,1 123,8 _ _ 31,3 173,0 87,3 41,0 613,8 .... k Totals Jan. 4.. 9002,0 9051,5 73054,1 3502 1 4588,9 9534,3 2493 4 31055,6 Totals Deo. 28.. 9002,0 9051,6 73609.9 3535,8 4748 8 0581,5 2159,4 30189,6 r'O iain Dec. 2 1 .. '002.0 9061 * 73274 n 3379.a 4440 1 9431,8 2019,5) 79541.7 T $ 10,000 A m er. L ith o gra p h ic Co. deb 6s .......................... 35 $15,0 oo W a rrio r Goal A Coke Co. 08................................ $10,000 Stocks. 3 Bank o f th^ St. o f N . Y .,1 9 5 ^0 H >ine Insurance C o .......300 8 k) A tla n tic T ru st C o ........... 285 JO W illiam sbu rg Tr. Co.. ..215 38 L y k en s V a l. >'R A C . Co. 80 20 Lin coln Safe D eposit Co 140 17 A m e r E x. N a t Bk 28478-286 20 O hesebPgh M fg. O o .455-456 20 Chatham Nat. B a n k ....... 340 700 P h en ix Nat. B an k...........l l ? 1 ^ 3 L a w y e rs ’ T itle Ins. Oo .3321 2 13 H a n o v e r F. In *. C o.,N .Y. 136 10 C entral Trust C o .......... 1900 3 J Merch. E x c. Nat. B a n k .. 157 5 N e w A m sterd. Nat. Bk.1400 15 F o irth N a t. B an k...........240 10 T w e lfth W ard B a n k .......ISO 18 O rien ta l B an k.................227 $25,000 O. o f N. Y . 3s(D ock), 20*8 21 1 1 4990.0 248,6 242 1 1747,9 1104,7 7272,2 2318,3 94.0 82,6 319.2 118,2 2214,4 1)33.2 65.3 1166.4 13.7 353.1 1069.3 43 2 01 3 409.9 38,1 1381.2 2252,8 120 5 24 8 150 9 13,3 2040,3 36,0 970 8 30,7 21,0 3,7 817,2 2.413.9 23.165.0 27*3 $1,000 C. o f N. Y 3s (School House) 1914. M A N . ..99«8 A int. 1,010,0 12.900.0 25*2 921.0 10.006.0 24*4 $3,000 O. o f N Y . 88 (H a rlem 2.197.6 71.899.4 22'7 R iv e r D riv ew a y , 1920, 414.3 4,000,0 24 0 M A N ............................ 99i2 A i n t * We omit tA o ciphers in all these figures. O i In o ln C in u 02,6 270,0 61,8 64.9 22,2 115.4 117.0 34.0 27,9 126.0 18 1 358.0 30.0 35,3 45.i 37,7 11.4 10.6 4,9 10 9 0,9 9,8 57,0 24 4 1925, M A N ................. .<-912 A in t . 23 4 $10,000 C. o f N. Y. 3s (Im p. 24 8 o f R ive rsid e P ark ), 1914, 30 4 M A N _____ _ _______ 9 9 ^ A int. 24*9 $l.O oo C. o f N. Y . 3s (C ity 26’6 I m p ), 1915, M A N ___ 99% A int. DepositsA Oirc’Vn. Clearing> 40,839,0 47,580,0 53.082,0 $ 1008.5 2299.0 1554,0 1180.fi 1260,7 1741.4 2292,3 1426.2 1001 9 2705.0 1040,4 4067,0 1302.0 1023,0 2099,7 1413.7 090,2 401.8 700 9 893,8 223.0 320,0 1180,4 3.645.0 4.314.0 3.292.8 49,74 7,4 9.975.9 8.711.7 4,681 3 15.490.0 7.030.7 2.246.7 9.208.8 22*1 Legale. 67,032.9 189.380.0 15,805,0 67,032.8 180.783.0 16.109.0 67,032,9 J85,512.0 14,831,0 $ 148,4 223, J 130,7 82,9 27,0 102,6 76,6 107,3 151,0 210,7 129,1 318,0 65,0 70,5 300,2 231,1 32,0 94,0 50,3 55,3 01,3 98,2 200,0 26*1 $5,000 Chic A N ’w ’ern R R . 23A (M adison E x ) 1st 7e, 1911, 27*1 A&O 20 4 $33,- 00.................................s h.12938 C. o f N. Y. 3s (W a 25*7 ington B rid ge P a rk ), 1920, 23’5 coupons MAN ......... 9 ^ A int. 25 1 New fork City, Boston <e Philadelphia Banks.—Belot* t we furnish a summary of the.weekly returns of the Clearing House Banks of New York City, Boston and Philadelphia, The New York figures do not include results for tne non member banks. Specie. % 100,0 Join mOla ........... 300,0 eleventh Ward.... 100,0 fourteenth Street, 100,0 200,0 *anaevoort..... 200,0 Hamilton..... . Mount Morris...*.. 250,0 Mutual............... 200,0 Nineteenth Ward.. 200,0 100,0 Plaza. tlverslde............ 100,0 •Jt& te................... 100,0 Twelfth Ward.---- 200,0 j’wenty-third W ’d, 100,0 Union Square...... 200,0 forkvllle............. 100,0 Washington..-.— 100,0 fidelity__ ____ 200,0 Varlok_.............. 100,0 200,0 Jelfarson...... .... Century — ...... 100,0 100,0 Wash’gtonH eights U ui ted National... 1000,0 3.078.3 5.911.0 2.930.0 11.308.2 61.059.3 4.272.0 0,038,6 3.189.0 0,287,0 4.020.0 27.577.0 2.213.0 21.117.0 68.895.0 1.522.0 T o ta l........... 82.872,7 1008090 809,640,0 1048088 74,267,8 9*0,204,1 26*8 Capital J c Ba n e s . Surplus. Loans. Borough of Manhattan, Aoro'h of Brooklyn. New fork City Clearing Bowse Banks.-—Statement’ ^of condition for the week ending Jan. 4, based on average cf dally results. We o m it two ciphers (0 0 ) in a ll cases, BANKS. Bur- hoannA Leg 1 Deposit, with . Net . H plus. Invest ipecie. A B’h 1 ed/r[g Other Deposits No ten Agent. BksMc ments. Niaw Youn Ci t y . S in c e J a n . X. $ ........... Capi tal. $12,500 U. N. Y . 3s (addit’al w a te r stock),’'<>7, A AO 9 ^ A int. $2,000 R R Equip. Oo., Series A 99a (tru st co. certs o f de posit) ,$575 pal 1on ea.bond 2 ^ By Messrs Richard V, Harnett < Co.: fc | Bonds. $50.00'* P itteb . Shaw m ut A N o R R 1st 50-vear s...... r O U > _____________ M m i k l n a n d g Spencer S to ck s 1 N. Y . L a w In s titu te ...... $120 fft im Trask n x t a i, 5c _________ Co., BANKERS, 27 Ac 2 9 P IN E S T R E E T , - NEW YORE T ra nsac t a general banking business; act as Fiscal Agents for corporations, and negotiate security issues of railroads and other companies. Execute commission orders and deal in IN V E S T M E N T SE C U R ITIE S* Members N, Y Stock Exchange. Branch Office, 07 State St., Albany G eorge B a r c la y M o ffa t . A l e x a n d e r M. W h it e J r , M & W B A N K E R S, o f f a t h i t e , Members New York Stock Exchange, No. 1 N A S S A U S T R E E T , - IN V E S T M E N T [ r a c y 5c NEW YORK, SE C U R IT IE S. C o ., B a n k e r s , No. 4 0 W a l l S tr e e t . N E W Y O R K . CHICAGO. Connected by private wire. M ILW A U K E E . D e a l e r * I n R l i f f l i 4 > r u d e B o i m I h. L'*t of Current Investment Offerings sent on Application. C/ommlMMlori O r d e r s ew York S t o k Exchange. Members |( hioago Stockc Exchange. E x e c u t e d In a l l M a r k e t s , THE CHRONICLE 80 The follow in g were the rates o f domestic exchange on New Y ork at the under-mentioned cities to-day: Savannah, buying 75c. discount, selling 75c. prem ium ; Charleston, buying 1-16 discount, selling 1-16 prem ium ; N ew Orleans, bank, par; com m ercial, $1 25 discount; Chicago, 10c. per $1,000 premium; St. Louis, par; San Francisco, 5c. per $100 premium. tS a u tim * (Saftetie* U 1 V I l l E N UK. Pet Cent Ntt/uko o f C o m p a n y . W hen P a y a b le B o o let C lu t e d . In o lu tiv e .) (B a y t L illr o a d n (H ie a u ii2 Jan B e lt ttU A Stock Y a n is, lu lls., com . do do do pf (tiu.) l t y Jan tu • 2 Feb 1 Jan 19 C en tral It It. ot N e w J ers ey (q u a r.)...... to o in . Ham. A Hay., new pref. (q u a r.). Jan 10 1 l4 Feb to G rea t N o rth ern , pref. (q u a r .)................ 1 Jan *23 1*4 Feb to G reen Ray W e s t e r n ........................... Pel) 4 1 Jan 19 L ulus v ille tfc N a s h v ille ........................ to Feb 10 Jan *25 M in e H ill tfc S ch u y lk ill H a v e n ........... * 2 Jan 16 s t r e e t k u ilw a v s . C olum bus (O .) By., pref. (q u a r .)......... 1 H olders o f rec. l b F eb to N . O. J C arroll. HK. L t. A V o w . p r e f). fc 1 b Jan 10 Jan 2 V u ited T ra ctio n , P ittsb u rg , p r e f.......... Jan 20 H old ers o f reo. 2*3 'IV umc C'OUipuiiIen. N e w Y o r k S ecu rity A T ru s t (q u a r.)___ 5 F eb i H old ers o f reo. F i r e In s u r a n c e . C o m m o n w ea lth ....................................... to 3 Jan 7 Jan 4 XJluted {States........................................... 3 On dem M is c e lla n e o u s . to A m e rica n Ship bu ildin g, pref. (q u a r .).. 1*4 Jan 15 Jan 7 l Man 15 H old ers of rec. A m e ric a n T y p e Founders (q u a r .)........ A sso cia te d M erch a n ts’, 1st prf. (qu ar.) to 1 l4 Jan 15 Jan 12 to do do 2d prf. (qu ar.) i b Jan 15 Jan 12 2 Jan 15 Jan 14 to C l a l l m i R B | com. (q u a r .)................. , C onsolidated i>;i«, P ittsb u rg , p r e f........ 3 Feb 1 H old ers of reo. Feb to P a c ific Coast, com. (q u a r ) ..................... l 1 Jan 14 to do do 1st pref. (q u a r .).............. 1 Jan 14 l b F eb to do do 2d pref. (q u a r.)................ t 1 Jan 14 Feb to P itts b u r g Coal, pref. (q u a r .).................. 1*4 Jan 25 Jan 16 to T erm . Coal, Iro n A R U , pref. (q u a r.).. 2 Feb 1 Jan 17 to U n ite d S tates S tee l Corp., com. (q u a r.) L M a r 21 Feb 28 to do do do do pref. (q u a r.) F eb 13 Jan 26 1*4 t C orrection . t S p ecia l d ividen d. Jau 26 Fob 7 F eb 2 Feb 2 F eb 0 Jan 10 Jau 9 Jan 10 Jan 27 Jan [ VOL. LXX1V 9 Jan 15 Jan ID Jan 1 ) Jau 15 J an 15 Jan 20 Jan 31 Jan 31 Jan 31 Jan 25 F eb M a r 21 F e b 17 U nited States Bonds.— Sales o f G overnm ent bonds at the Board are lim ited to $3,000 2s, coup., at 108% and $1,000 3s, coup., at 10tt%. The fo llow in g are the daily closing quota tions ; f o r y B a r lii ra n g * - see t h i r d p a g e f o l l o w i n g . In te re s t P e r io d s 2 s, 2s, •is, ’Js, 3s, 8s, 3sf 3a, 4s, 4s, 4s, 4s, 5s, 5a. 1930........... registere d 1930.......... 1930 iiuiA.1.registered 1930 ,amaU ___ coupon 1918______ registere d 1918.......... 1918, sm all.registered 1918, small ---- coupon 1907.......... reg istere d 1907.......... 1926........... registere d 1925.......... 1904.......... reg istered 1904, Jan. 4 Jan. 6 Jan. 7 Jan. S Jan. 9 Jan. 10 (J —Jan ‘ 108 b *1 0 8 b *1 0 8 b ‘ 108 b *1 0 8 b * 1 0 8 b Q —J an *108 b ‘ 108 b * 108 b 108 b * 108b *1 0 8 b Q —F eb ■107b *107*4 Q - F e b ‘ 108»« *1 0 8 b Q - Feb Q — F eb *108 -108 Q —Jan *111*4 *111*.) Q —Jan *111*4 *111*4 Q —F eb *139 b *139 b Q — F eb * 1 3 » b * 139 b Q — F eb *1 0 7 b *107*8 Q - F e b *107** *107*8 * T lils la th e p ric e bid a t the m orn in g board: no ‘ 107b *107*4 * i o 7 b *107*4 * 1 0 8 b *1 0 8 b *108*8 1087 s *108 *108 *108 * l l l b *111*4 *111*4 *111*4 *111*4 *111*4 * 1 3 9 b * 1 3 9 b *1 3 9 b *1 39 b ‘ 1 3 9 b *1 3 flb *107*8 *107*8 ‘ 107*8 ‘ 107 b * 1 0 7 b * 107 b t a l e waa made. *108 *111*4 *111*4 *13 9b *18 9b *107*8 *10 7b S tale and t t a i l r c d lbm ds.—Sales o f State bonds at the Board are lim ited to $4,000 Alabam a Class A at 106 to 106%. The market for ra ilw a y bonds has been re la tive ly firm, w ith but fe w changes w orthy o f note. The volum e o f busi ness has been exceptionally uniform , averagin g somewhat W A L L STitKKT, FRIDA V . JAN. 1 0 . 190:2.-3 P. 11 *. The Money M arket aod F in a n c ia l S itu a tio n .-P r o b a b ly less than $4,000,000 par value per day, and was w ell dis the ch ief cause o f general weakness at the opening o f the tributed. Green Bay & W estern debenture B certificates security markets on Monday is the fa ct that last S atu rday’s and D etroit Mackinac & Marquette land grant 3%s were con bank statem ent was less favorable than had been hoped for, spicuous for a ctivity , and advanced about 3 points. Central of Georgia, Colorado & Southern, M exican Cen although the passing o f the Crude Rubber Company into the hands of a receiver had a somewhat depressing effect on in tral, N orfolk & Western, Northern Pacific and Reading dustrial issues. These facts seem to have been tem porarily issues were strong features. W abash debenture Bs were by lost sight o f or forgotten under i he influence of excellen t far the most active bonds, and a fter advan cing 2 points traffic reports subm itted by some o f the W estern railw ays lost a large part o f the gain. and an increase o f Central N ew Jersey’s dividend rate. The Stock and Bond Sales.—The daily and w eekly record o f stimulus thus given was o f short duration, however, and, stock and bond sales at the various stock Exchanges, fo r except in the case o f a fe w issues fo r w hich there has been m erly given on this page, has been transferred to a place by a special demand, the markets during the latter part o f the itself. I t w ill be found to-day on page 87. week have been dull and depressed. It would seem that the R a ilro a d and M iscellaneous Stocks.—The stock m arket u ncertainty w hich has hung over the m oney market fo r sev eral months past still exists in the minds o f a class o f opera has been decidedly irregu lar on a volume o f business a ver tors at the Stock Exchange; that the investm ent demand for agin g about 830,U00 shares per day. I t opened weak on securities expected to fo llow January first disbursements is Monday, but rallied later in the day under the stim ulating not yet m anifest, and that the upward tendency of prices influence of an increase in Central o f N e w Jersey’s dividend referred to last w eek was premature. The money m arket rate. Central o f N ew Jersey shares advanced 3 points and during the week has been re la tive ly easy, w ith six per cent D elaware & Hudson, w hich had been slow to participate in the highest rate recorded. A small shipment o f gold to Eu the upward m ovem ent noted last week, responded w ith an rope last Saturday elicited some comment, but the foreign advance o f over 6 points. The last-named stock sold to-day exchange m arket is not at present in condition to make an 10% points below the highest price o f Monday, on disap export m ovem ent o f gold profitable, the shipment referred pointm ent because the dividend rate was not increased. Chicago & North W estern advanced 4 points, Minneapolis to bein g a special transaction. The open m arket rates fo r call loans on the Stock Exchange & st. Louis 4% points and Minneapolis St. Paul & Sault Ste. during the w eek on stock and bond collaterals have ranged Marie nearly 4 points. L a ter in the week, especially to from 4 to 7 per cent. To-day’s rates on call w ere 4%' to 5 day, the m arket generally laid a drooping tendency, percen t. Prim e com m ercial paper quoted at 4% @ 5% per cent. and w ith fe w exceptions the high quotations of Monday The Bank o f England w eek ly statem ent on Thursday have not been maintained. Manhattan E levated and M et showed an increase in bullion o f £1,( 32,054, and the percent ropolitan Street R ailw ay have been n otably strong, the age of reserve to liabilities was 41*85, against 33*03 last form er closing w ith a substantial net gain. Am erican Express and U nited States Express advanced 13 week; the discount i*ate remains unchanged at 4 per cent. The Bank o f France shows a decrease of 4,175,000 francs and 10% points, respectively, on rumors o f a plan to m ain tain express rates. A m erican Sugar R efinin g fluctuated in gold and 1,375,000 francs in silver. The N e w Y o rk C ity Clearing-House banks in their state over a range o f 8 points and closes near the highest. The ment o f Jan. 4 showed an increase in the reserve held of U nited States Steel issues have been irregular. $3,457,800 and a surplus over the required reserve $7,515,575, against §7.89i 350 the previous week. 1902 Ja n . 4 D iffe r e n c e ! fro m p r e v io u s w eek 1901 Ja n . 5 of 1900 Ja n . 6 $ 74,222,700 92.257.500 803.989.600 30.982.500 870,950,100 164,827,800 67,059,800 $ 59,422,700 80,980 200 677,797,000 16,234,100 748,953,100 144,001,700 54,994,300 231.887.600 217,737,525 198,996 000 187,238,275 7,515,575 D eo 375,775 Su rplu s r e s e r v e 14,150,075 N o t e .—R etu rn s o f separate b a n ts appear on p a t e 79. 11,757,725 $ C a p it a l..... ............ S u r p lu s ................ L oan s & discounts C ircu la tio n ............ N e t d e p o s its ........ S p e c ie .................... L e g a l te n d e rs ....... $ 82,872,700 100,369,000 869.546.600 31,874,200 926,204,100 164,808,800 74,257,800 R e s e r v e h e ld ........ L e g a l r e s e r v e ....... 239.066.600 In o 231,551,025 In o In c 11,586,400 In o 18,100 I n c 15,334,300 In c 1,190,600 In c 2,267,200 8,457,800 3,833,575 F o re ig n Exchange.— The foreign exchange m arket has been firm on a steady demand and lim ited supply o f bills. To-day’s actual rates of exchange w ere as follow s: Bankers six ty days’ sterling, 4 84%@4 84% ; demand, 4 87%@4 87%; cables, 4 87%fg>4 87%; prime comm ercial, six ty days, 4 83%@ 4 84; docum entary com m ercial, six ty days, 4 83%@4 84; grain for payment, 4 83%@4 84; cotton for paym ent, 4 83%@4 83%; cotton for acceptance, 4 83%@4 84. Posted rates o f leading baukers follow : Ja n u a ry 10 Sixty Bayt 4 4 83*4 D ocu m en tary com m ercia l.......................... 4 8 3 b P a ris ban kers’ (F r a n c s )............................. 5 1 8 b * 401je A m sterd am (g u ild e rs ) b a n k ers.................. F ra n k fo rt,o r Brem en (re lch m ’k si bankers 95 P r im e bankers* s te r lin g b ills on Lon don . * Less 1 j«. 85 ®4 ®4 ®5 76 D em an d 4 88 84 84 18b 40*s 9 5ba 5 16 V 40b 96b ®6 15b ® 40#ia OS?!,, Outside M arket. — Reginning w ith an exceptionally a ctive business last Saturday, transactions in the outside"market have decreased daily, and towards the latter end of the week prices fe ll off, especially in the case o f the more active issues. Some fe w stocks close higher, notably E lectric Boat preferred, w hich has advanced from 45 to 50%. Rapid Transit Subway Operating Co. lias sold at 135, against 130 last week. S afety ( ar H eatin g has gone to 140 from 137% and R oyal B aking P ow der preferred changed bands at 109%, compared w ith 106. N e w Y o rk E lectric V eh icle Transportation, on the announcement o f the reduc tion of capital to $5,000,000, par $20, fu ll paid, advanced from 11% to 12% ; the directors also decided to shorten the name to N e w Y ork Transportation Com pany. The most prom inent o f the securities w hich moved downward w ere Northern Securities, 105% to 108%, due to the decision o f the U nited States Supreme Court p e r m ittin g the State o f Minnesota to bring suit: Pocahontas Coal subscriptions, 127% to 125%; N orfolk & W estern, Po cahontas 4s, 93 to 92%; Dominion Securities, 84% to 83%; Hackensack Meadows, 49% to 48%; Am erican Can common. 16% to 14%, and preferred, 60% to 57. Am erican H ide A Leather common w en t from 7% to 8% on Saturday, but dropped back to 7 to-day; the preferred advanced from 38 to 48 and closed at 40. Standard Oil lias been weak, and go t down as low as 650 at the closing to-day, against 695 last Friday. Storage P o w er was steady at 8% ^ 8%. C. S. steel bonds sold at 114% to U5. Copper stocks have been fa irly active but at times irregular. Union closes at 8 ’,., Tennessee at 14, N orth P la tte at 18% and Greene Consoh dated at 31; Adams at 49 and W hite Knob at 18! t bid. Outside quotations w ill be found on page 87. Eew York Stock Exchange— Stock. Record* Daily* Weekly and Nearly O C C U P Y IN G *S T O O N S - - H I G H E S T A N D ' ''d a n . 4 §35 35 *6 4 66 80*8 81 103% 107l,i 90% 96*2 60 % 68 % *118 122*2 *141 145 *134 139 116% 195 48 36% 77*i 136 137 23% 24*2 92 92 *84% 85 *46% 47% 53% 54 76 76*4 166% 167*8 *188 190 208*5 209 235 235 155 *4 156*2 *135 145 *185 197 16*4 16% 31*4 31*4 97 *2 98 {120 120*2 *35 40 *77*2 85 15*4 15% 60% 60% 29*4 29*2 177*8 178 *250 257 45 45 93 93*2 50 *45 *50 60 *192 47*2 36*2 76% 16 39 16 39 * 10*2 11 *19*4 19% 43*8 43% 74*4 74% 62% 62 60 *5 8 *83 88 *32*4 33*2 189 189*2 70 82 70% 83*2 140% 39% 76 82% 16% *4 0 47*2 70* 70% *127 130 J/onday Jan 6 Tuesday Ja n . 7 168 51 120 90 S A L E W ednesday Jan. S 35 *34 35% *33 34% 35 *63 65 66 §66 % 66 % *04 79 80% 79% 80% 19% 80% 99% 10 I 102% 103% .r99% 101 105% 100% 105% .107 % 105 105% 96 % 96*2 96% 96% 96 96 66 68 65% 67% 66% 67% *118 122 % *118 122 % 118 118 142 142 n i l % 145 *14 L 145 *134 139 *134 139 *134 115% 116 115*8116% 114% 115% *85 86 85% 86 85*8 86 195 198 193 193 194% 198 47 47% 47 47% 46% 47% 35% 36% 36 36% 36*2 36% 76% 77 76% 77 *77 77% *135 136% '‘ 135 136% 134% 136 * *134 137 * ........ 137 137 23 23% 23% 23% 23*8 24% 91 91% *91 91% 91% 92% 85% 84% 84% *81 *84% 86 46 46 47% 47% 46 47 51 51% 51% 52% 52% 53% 77 76 76% §77 76% 76% 165% 167% 164% 167% 163% 165% §187*2 187% *187 189% 188 188 2 0 8 % 212*2 210% 218% 208 208 2 3 5 235 155 156% 155 156% 155% 157 % §142 142 *136 145 *135 145 -185 197 *1S5 197 *185 195 16% 17% 16% *15*2 16% *16 31 31 % 31 33 *30*2 31% 96% 96% 97% 97% 96% 97 §120% 120% *118 122 * 118 121 *35 40 *35 40 *35 40 *77% 85 *77% 85 *77*2 85 15 15*8 15 15% 15 15% 61 62 61 61% 60% 62 28% 28% 28% 29% 29*8 29% 176%183% 181% 184% 180 182% 257% 259% 258 259% 256 257% 44 44 *44% 46 *44*2 46 91% 92% 92% 93 92*2 93 *46 50 *4 6 50 50 *45 *50 60 *50 60 *50 60 *38 40 15 15 16 % 16 % 15*2 16% 39*8 39% *37% 38% 39*2 39% 10% 11 10% 10% 10% 10% 19% 20% 19 19 19% 19% 42% 43% 42 42% 42% 43% 73% 74% 73% 75 74 74% 60% 61% 60% 62 61% 62 *57 59 59 58 58% *57 *82 88 *82 88 *83 88 29 32% 32% §29 187% 188 188% 191 187% 190 9*2 9% 69% 70 82% 84% 139*2140*2 40% 39 *75 76 35% 36 81% 82% 69% 82% 140 39 74 36% 81% *20 §44 *15*2 16% *15 *40 47*2 *40 69% 68 68 *125 127 127 J P J iJ t E S T h u rs d a y J a n . .0 *33 35 63 64 78%. 80% 99% 100% 1.05 105% 96 96% 65% 67% *118 120 *143 145 *134 139 114% 115% 85% 87% *190 196 47 47 35% 36% 76% 76% *135 136% * ........ 137 23 23% 91% 92 *84 85% 45% 46% 51% 51% 76% 77 163 165% §189 189 208 209 155% 157% *140 146 *185 197 17 17% 32% 32% 97 97 *118 121 "35 40 *77% 85 14% 15% 60% 61% 28% 28% 179% 182 257% 257% *44 44% 92 92% *46 50 "5 0 60 *38 40 15% 15% 39% 39% 10% 10% 20 20% 41% 42% 73% 74% 60% 61 *57 59 *82 88 *31 33 *186% 188% 9 ii% ii 12% 69% 69% 69 69% 69% 82% 83 83% 83^ 83^ 140% 139% 140 139% 139% 39% 39% *38% 39% 40% *72% 74 74 *72 74 36% *36% 37 *36 37 81% 81% 81% 81% 82% §21 21 21 "20 21 45% 45% 44 16 16 16% *13 15 " 4 7 ^ *40 47% *4 0 47% *68 71 69% 70 71 *125 130 128 *125 128 *83 86 *85 86 106% 107% 106 107% 134% 137% 135*8 136% 163 165 162 163 "42% 50 43 43 *91 95 95 *91 27% 28% 27% 28% 14% 15% 15% 15% *140 170 *140 175 107% 110% 10G3 106% 106*2111 4 121% 121% 39% 42 38 37% 41% 94 94% 92% 92*2 94 26% 26% 27 27 27 27 52 53% 53% 53% 53% 104% 101% 103% 101% 103% *85 86 107*4 107% 136% 137% 163 163% *4 2 *91*2 95 27% 28% 15*8 15% LO W E S T 83% 83% *8 0 83 1 0 5 ^ 1 0 6 % 105% 106% 134% 136% 137% 140% 162% 163 163% 165% *42 43% "41 43 *91 93 91 91 27% 28% 27% 28% 14% 15% 14% In *140 175 *140 175 107% 107% 107% 108 *120 123 *118 122 40 41 39% 40% §93% 93% 93% 93% 26% 26% 25% 25% 52 52% 52 52% 101 103 101% 103 166% 167% 166 167% 164% 49% 49% 50% 50 *49 *118 *118 120 *118 120 87 90 88 88 *87 166% 49% 120 88 165 166% 49% 52 120 121 87 89% 2 1 2 % * 2 l i " 212% * 2l i ~ 212% *210 " 212 " §211% 2l i % 35% 34% 35 34% 35% 34% 35 35 35*4 35% 57% 57% 57% 58% 57 57% 58% 68; 58% 58 *94 92 *91 92 92 92 92 92 92 92 *211 74 74 73% 73% 73% 75 *71 *100 103 *98 100% 100% *100 103 *76 82 *76 82 *76 *76 81 149% 149% 150% 149% 150% 148% 150 39 40 *37 40 *3 7 42 *30 *80 85 * 80 90 *80 *80 90 •t *80 95 *80 95 *80 95 81% 83% 80% 80% 83% §83 83 *307 *107 107 % ^ 107 ........ 56% 57% 56% 58% 56% 57% 55% 58% 81% 82% 82 82 % 82% 82 83 82 63% 65 64 66 63% 65 % 63% 65% 115 115 115 ♦7 2 74 ♦98 102 *77 81 150S8 151 *39 43 *80 90 *95 57 TW O 73% 104 80 149% 41 90 95 91% 57% 82% 65 % 115 P A N IC S STO CKS N E W Y O R K STO CK K X O IIA N G E E r l d a i/ J a n . J(> On i I io j i Ois. *33 35 *62 64 77% 78% 98% 99% 103% 104% 90% 97 66 67 *115 121 *142 145 *131 139 114% 114% 85% 86 *192 198 46% 46% 35% 35% 76% 76% 137 137 * ........ 137 22% 23% 91 91% *84 85 *45 46 50% 51% 76 76% 162% 164% 218!) 18!) 209 210 ...................... A im A rpl.o rf...... ...... .... . I )o ro A tch. T o p ek a i& Santa Fo. D o p r o f...................... B altim ore O h io .......... > I>u | I. )r> B roo k lyn Rapid T r a n s it .. Buffalo Rocli. As P itts b ’ g. D o p r e f...................... B a ri. C edar Bapid# < N o r fc / Canadian P a c ific ........... v^anada S ou th ern ........... C en tra l o f N o w J e r s e y ... Chesapeake ifc O h io.......... C hicago & A lt o n .............. Do p r e f...................... C h icago it; E a s t’ll Illin o is D o p r e f...................... C h icago G reat W e s te rn .. D o 4 p. c. debentures D o 5 p. c. pref. “ A ” .. D o 4 p. c. pref. “ B ” .. Ohio. Indianap. it; L o u isv. Do p r o f...................... C hicago M ilw . As St. Paul. D o p r e f...................... C hicago it; N o r t h w e s t e r n D o p r e f...................... 155% 156% Chic. Boole I s l ’d & P a c ific 140% 140% Chic. St. P . M in n . & Ora. *185 197 D o p r e f...................... 17 17 Chicago T e n n ’l T ra n s fe r. 31% 32 D o p r e f...................... 9 6 % 96% C leve. Cin. Chic. < St. L . fc *116 121 D o p r e f...................... *35 40 C leve. L o ra in & W h eel*g. *77% 82 D o p r e f...................... 14% 15% Colorado & So., v o t. trust 60% 60% D o 1st pf. vo t. tr. cfs. 28% 28% D o 2d pf. vot. tr. ctis. 173% 179% ela w a re & H u d so n . . . . 255 257 elaw . La ck . & W e s t ’n. *43 44 D e n v e r & R io G ran de___ 91% 92 D o p r e f....................... 49 49 D e n v e r & S o u th w es te rn . *50 60 D o p r e f...................... *3 8 40 D es M o in es & F t. D odge. *15 16 D e tro it South, vo t. tr. ctfs *38 39 D o pref. vo t. tr. ctfs. * 10% 10% D u lu th So. Shore & A t l . . *19% 20% D o p r e f...................... 41% 42 r i e ........ ......................... 73% 73% D o 1st p r e f................ 59% 60% D o 2d p r e f................ *57 59 E v a n s v . & T e r r e H a u te .. *82 88 D o p r e f...................... *31 33 F t. W o rth & D e n . C.,stmp. 185 186% G rea t N o rth ern , p r e f...... 74% 74% G reen B, & W ., deb. ctf. A 12 12% Do deb. ctf. B 6 8 % 69 X T o e k in g V a lle y . 83% 83% JO -D o p r e f.......... 139 139% llin o is C e n tra l.............. "3 8 % 39 o w a C e n tra l................ *72 74 D o p r e f...................... 35% 35% anaw ha & M ic h ig a n .. 82 82% C.Ft.S.cfcM.jtr. c ts .p fd *19% 20% K an sas C ity So. vo t. t r . .. 45 45 D o pref. vo t. tr. ctfs. *14 16 K e o k u k & D es M o in e s ... *40 45 D o p r e f...................... *69 70% ake E r ie & W e s t e r n ... *125 128 D o p r e f...................... L . Shore & M ich . South’n 81 85 L o n g Is la n d ...................... 105% 106 L o u is v ille & N a s h v ille ... 138% 140 anhattan E le v a te d ... 162% 163% etro p o litan S tr e e t___ *40 43 M et, W e s t Side E l. (C h ic.) 90 90 D o p r e f...................... 27% 27% M e x ic a n C e n tra l.............. 15 15 M e x ic a n N a t ’l tr. receip ts *140 175 M ich iga n C e n tra l............. 106% 106% M in n eap olis & St. L o u is. "119 121 D o p r e f...................... 39 39% M in n. S. P . & S. S. M arie. 92 93% D o p r e f...................... 25 25% M o. K an sas & T e x a s ....... 51% 52 D o p r e f...................... 101% 102% M issou ri P a c ific ............... M o rn s & E s s e x ................ 164% 165% Y . C en tra l <fc H udson. 50% 51 Y . Chic. < St. L o u is .. fe 121 121 D o 1st p r e f................ D o 2d p r e f................ 88% 88% N ew Y o rk H a r le m ....... N . Y . Lack. < W e s t e r n ... fc * 2 n ” 212" N . Y . N . H a v e n & H a r t f . 34 34% N . Y . O ntario & W estern . 56% 67 N o r fo lk & W e s te r n .......... 92% 92% D o adjustm ent, p ref. N o rth e rn P a c ific B y ....... 73% 73% p a c ific Coast C o............. *98 103 - D o 1st p r e f................ *70 80 D o 2d p r e f................ 148% 149% P e n n s y lv a n ia .................... *35 40 P eo ria < E a s te rn ............. fc *80 90 P e r e M a rq u e tte ................ *8 0 95 D o xiref...................... 87% 87% P ittsb . Cin. Chic. < St, L. fc D o p r e f...................... *108 ........ eading, v o t ’ g tr. c tfs .. 55% 56% 1st pref. vot. tr. ctfs .. 81% 82 2d p ref. v o t ’ g tr. c tfs ... 63 64% Rutland, p r e f ................... ! D E I K L M N J R IS a i n ()/ t/L S h a re s H a n y e f o r V e a r 1001 H a n d e (07 D rt iO U 0 \O n bo His / /O O -s h a r e Lots] i e a r 1 OfJO ) 0 1 u je s l .H iy heat 221 20 F eb 20 34 N o v2 5 50 Sep 25 66 Do< J 42 % • an 21 91 J ’ ne 6 70 M ay 9 1OH M ay 3 8 1% J an 4 1 14 % M ay 3 83% Feb 27 97 J ’ne 5 65% Oct 7 8 8 % A pr 22 100 77 M ar 19 122 N o v2 5 100 116 Mai- 1 146 N o v 2 9 120 F eb 25 136 Sep 24 17,125 87 M ay 9 117% M ay 7 4,800 54% Jan 4 89 N ov25 1,500 145% .1an 4 196% Dec 30 7,460 29 M'uy 9 52% M ay 3 3,900 27 M ay 9 50% A p r 30 1,400 72% J an 4 82% A p r 30 600 91 Jan 2 140 N o v i 1 300 120% Jan 3 136 A p r 18 20,425 16 Jan 3 27 N o v i 1 2,300 90 J ’ly 27 94% M a r 15 200 75 M XylO 90% J ’ne24 900 41 D ec 9 56 M a r 14 14,232 23 Jan 21 52% Dec3J 2,820 58% Jan 23 77% Sep 16 1.15,434 134 M ay 9 188 M a y 6 322 175 M ay 9 200 M a y 3 8,064 168 *8 Jan 2 215 M a y 1 .1 360 207 M a r 1 248 A p r i l 21,345 116 7 Jan 4 175*4J’n e 5 g 150 125 M a r 2 1463 N ov2 2 4 180 M a r 29 201 A p r i l 3,000 10*2 J an 19 31 A p r 16 9,025 283 D ec 5 57*2 A p r 15 4 2,300 73 M a y 9 101 N o v 8 1 0 0 1153 J an 12 124 N o v2 5 4 27% Jan 7 42 *2 N ov27 67 A u g 7 82 D e c 31 6 % Jan 21 18 A p r 29 17,469 10,960 40 Jan 31 60 D ec 28 11,650 16*2 Jan 4 28% A p r 29 55,589 105 M a y 9 185 *2 A p r 3 5,324 188*4 Jan 3 258 D e c 31 800 29*2 Jan 21 53 *2 M a y 6 3,975 80 Jan 21 103% J ’n e l 4 100 49 N o v i 2 71 J ’ne27 69 J ’ly 29 69 J ’l y 29 18 Jan 30 45 J ’ne 5 600 14*4 D e c 11 17 D e c 5 400 36 D e c 12 40% D e c 5 1,070 4 *2 F e b 5 12 *2 J ’ne 5 3,150 13% Jan 8 22*2 Sep 30 101,470 24*2M ay 9 45*2 J ’ ne 4 34,770 593 Jan 21 75 D ec31 4 16,200 39*4 Jan 4 62% D ec 31 200 41 Jan 31 68 A p r 12 81 Jan 4 95 A p r i l 118 17 Jan 18 36 A p r 20 4,050 167 *2 M a y 9 208 M a r l5 65 Jan 2 67% F e b 14 727 7*2 Jan 28 11*2 A p r 22 2,914 40*2 M a y 9 75*2 D ec2 6 1,769 693 Jan 21 88*2 D ec 26 4 .5,622 124 M a y 9 154% J ’ne29 1,400 21 Jan 21 43% J ’ne21 1 00 48 Jan 21 87*2 J ’ly 1 1,000 21 Jan 8 41 J ’ n e l5 18,289 77*2 D ec 16 81% D ec 28 50 13*2 Jan 4 25 A p r 30 300 35 Jan 4 49 A p r 30 100 53 Jan 3 18*2 O ct 2 4 24 Jan 2 45*2 Sep 30 910 393 Jan 21 7 6 * 2 N o v 25 4 10 0 108*8 Jan 21 135*2 Sep 27 §230 A p r i l §355 N o v2 2 1,350 67 Jan 90 D e c 18 25,305 76 M a y 9 111% J ’n e l 7 251,558 83 M a y 9 145 D e c 5 22,100 150 M a y 9 .177 J ’ne24 100 27 Jan 9 41 N o v2 2 300 79*2 Jan 15 93 Sep 18 39,300 12% Jan 21 30 M a y 2 17,950 3% Jan 24 15*4 O ct 12 107*4 M a r 4 180 N o v2 5 7,450 67 3 Jan 19 111*4 J ’l y 19 4 100 1013 Jan 7 124*2 O ct 23 4 12,175 15 M ay 9 36*4N ov25 2,300 49 A p r 9 94% N ov2 5 1,000 15 Jan 21 3 5 % A p r 20 2,000 37 M ay 9 68% A p r 19 87,750 69 J an 4 124*2 J ’ n e l4 §191 *2 Jan 8 19Y*4 A p r 9 25,875 1393 Jan 21 174*2 N ov2 5 8 6,370 16 M a y 9 57% Sep 28 800 97 M a r 1 120 Sep 18 3,525 47 M a r 1 95 Sep 28 §409 N o v 7 420 A p r 1 §134*2 Jan 15 .139 F e b 21 50 •206*2 F e b 27 17 J ’ne24 37,075 24 M ay 9 40 % M a y 1 15,450 42 Jan 10 61% N o v2 5 1,070 82 F e b 15 92% N o v2 2 77*4 Jan 21 ||700 M a y 9 510 52 F e b 1 78 D ec 2 100 89 F e b 25 103 % D ec 2 63 Jan 8 83 N o v2 9 69X06 .37 M a y 9 161 *2 A p r 22 300 14% Jan 22 50 Sep 27 333 Jan 9 94 N o v l3 4 72 Jan 2 86 J ’n e l 7 3,250 57 Jan 30 81 D ec 30 13 D ec 30 88 J an 391,975 24*2 Jan 58 D ec 30 82% D ec 30 26,753 65 Mary 90,790 38 Jan 64*2 D ec 31 112%. N o v 7 300 97 N o v 246 189,780 53,882 33,790 2,120 67,785 D o w e st _____ _ 16 Hep 40% J ’ ly 18% .1an 58% J an 55 % •Ian 72% -J an 47% Hep 52 Feb 92 .1an 11 9 J an 84% Sep 47% F e b ] 15 .Jan 24 j ’ jj( 31 Oct; 68% N o v 88 Jan 119% D ec 9% Hep 81 J ’ jic 68% Aug 30 J ’ne 14 Jan 45% Jan 108*2 J’ne 169*2 Jan 150*4 J’ne 195*8 May 102 J’ ne 110 Oct 172 F e b 8 % Oct 26*2 Oct 55 J’ne 103*8 J ’ ne 14*2 Jan 46 Jan 5 Sep 36 Sep 14 Sep 106*2 Sep 171*2 Sep 16% Jan 64*2 J ’ne 12 J ’ne 4 12 J ’ne J ’ly U if U X9t Ofj D ec 55) Dec 4S? 1 H )ee 89 D eo 89' A p r 90 A p r 88'% Dee y, D ec 125 i >eC ,, O ct J30 99:% F eb 61 ■ D ee l 150 % Dec 42- % D ec 42 D ec 78 % D ec 109 M a r 125 A u g 18 D ec 94 4 D ec 82 D ec 45 D ec 29 A p r 64 D ec 148*4 D ec 187*2 Deo 172% Deo 220 D eo 122*8 D ec 126 N o v 175 M a r 14% D ec 30% A p r 76 D eo 118 D ec 30 N o v 72 A p r 8% D ec 47*4 M a r 20% M a r 134*2 D eo 194% D ec 34*2 D ec 87 D ec 21 D ec 30*2 Jan 58 Jan 110 J ’ne 11% Jan 39 Sep 10 Jali 6*4 M a r 20% N o v 27*8 D ec 63*2 D eo 43% D ec 54% M a r 94% A p r 20 D ec 191 % D ec 66 D ec 8 % D ec 42% D ec 74% D ec 132% D ec 27% D ec 58 M a r 25 D ec 7 Sep 27 % Sep 3 *2 M ay 14*2 Oct 20% M ar 83*4 F e b §197 Jan 47*2 Jan 68% Sep 84 J ’ne 143% Sep 24*5 Jan 76 F e b 10% Jan 2% Sep §104 Jan 45*2 J ’ne 87*2 J ’ne 14 Sep 47 N o v 9 Sep 25% Sep 38% Jan §183% Jan 125% J ’ne 11 J ’ne 75 J ’ne 29 J ’ne 400 M ay §130 Jan §207% Sep 18% J ’ne 22% Jan 67 Jan 45% Sep 46 M ay 82 *2 Sep 57 M ay 124% Sep 5 J ’ne 20 Jan 55*4 Jan 49% Sep 78 J ’ne 15 Sep 49 Jan 23% Sep 17*2 A p r 43% A p r 6 D ec 23 D ec 52 D e e 115 D e e §240 D ec 89 M a y 89% D ec 11(3% D ec 182 F e b 37*2 A p r 84 % N o v 17% D ec 5 M ar 115 J ’ne 71% D ec 104% N o v 27 A p r 69 A p r 17 *8 D ec 47% F e e 72% D ec §189*2 M ay 145% D ec 24*2 D ec 110 D ec 58*4 F e e 420 J ’ly §135 M a r §215% Jan 32% D ec 45% D e c 83 D ec 86*2 D ec 62 N o v 90*4 F e e 69*2 O ct 149 % F e e IS F e e 35 D ec 73*2 D ec 80% Jan 94 Jan . 26 D ec 71% D ec 39*8 D ec 10*2 Sep 3038 Sep 15 Sep 38*2 Oct. 74 Oct 12% M a r 144% J ’ ne 53% M ar 5% Sep BANKS AND TK(JST COMPANIES—BROKERS’ QUOTATIONS Bunk* A8/C B id Bank# (fid B id A8/C B anks 225 ........ I r v i n g ......... 205 ........ 14 th S tr e e tll. 105 J effe rs o n !)... 175 F o u r t h _____ 1240 600 A rrierica i f .. L e a th e r M l'r. 255 3 J0 O a ila tin ...... 410 430 A m hr Ex Ob. L ib e r ty ....... (JOO 350 G ansevoortll 140 A s t e r .......... ...... L in c o ln ........ 900 ( la r/ ie ld ....... 500 350 370 Bow ery*; ... M anhattan!]. 320 G erm an A m i 140 440 Broad w ay .. ...... M a rk e t <fcP a l 250 J50 Germ an E x ! 335 But c h ’# D ...... M echan ics’ . 280 1 erm anlall .. 500 G 150 C e n t r a l...... 1 reen w ich V 170 ...... M ech ifc Trail 1(JO G 205 M e r c a n t ile .. 270 C e n tu ry !,... H am ilton 1 .. 1(JO 175 1 225 250 M ercli Exoh. t 157 C h & M b ........ H a n o v e r...... 675 700 3250 Chatham ... ...... M erehant#’ .. 190 H ide As i/aih 150 300 V Chem ical ... I rn p A? T r a d . (JOO ...... J l et ropoli# II 075 750 " w 4 i c,s# than I 00 #h ires. < % E x ri; SUM. I asked prices; no sale# wer e mad' j on this day. t Sale at Stock E xch an ge or at auct ion tJii # week. j| Stoc c o rn e re d ” sal fj# fo r u ca sh ” w ere NKW YORK CITY B u n ks C itizen h’ ___ C it y ............. Colonial!| .. C o lu m b ia *!. C o m m erce.. Corn Exehlj East R iv e r . 11th W ardlj Em p’ eStato* F id elity!! ... F ifth A v e t . F ift h ........... 4 J00 |4200 ! F irst ( n ew ). A sic Banks M t M o r r is !).. M ritu a l!].. Nassault ___ N o w A luster N e w Y o rk Co N Y N a t Ex. N e w Y o r k ... 191 h W ard' N o rth A Trie i . O rie n ta l!)___ R a clU cll....... P a r k ............. P e o p le ’#11.... B id Ask A s !c 150 190 190 1400 1500 210 320 150 290 1227 205 (JOO 250 ........ t B id Banks P h e n ix ........ n i b Plazal] ....... 525 . . . . . . P rod K x o h !(. 165 ........ Ri verxide!) .. 225 450 Seaboard .. Second .. 675 340 275 S even (h, new 120 ........ Shoe ife Beth. 130 SlaleU S tate o f N Y1| 1195 12tii W ard!). 1130 23d W a rd fl.. 110 |... 300 ........ ........ Union 8 q1 1 S ;ato banks. ) a Ex d ivid en d and rights. made a# h igh as 1000. s T ru s t Co. cor till cates ........ 175' 140 ...... ...... Stock Record — Concluded— Page 2 82 IU U EE 7 A N D L u W E E T E A L E MM1CEE MS E a tu fd u y Jan. 4 Jan . tf * 13 15 ! H**% 13% 67 % * 65 *21 133% 133% *133% 134 60 60% 57 50 03% 83 % 83 % 83 % 74 % 74 % 74% 75% * 27 C 28 % i 26% 27% 00 60 % 09% 00 6i 00 % 01 % 61 % 33% 34 3 3 % 31 % 94 93% 94% 94% 4b % 40% 39% 40% *123 ' 12 L 123 123 20 19% 2 0 % 20 30% 3 7 37 3 7% 110 110% 110% 110% ...... *167 ........ 1 02% io 3 % 102 % 103 % 89% 0 0 % 89% 90 22% 23 % •)o l •2 S % 43 42% 43% 43% * 1 8 % 18% 18% 1 8 % 52% 52% 52% 52% *30 *30 32% 32 20% 2 0 % 20% 2 0 % 41% 42 41% 41% TuesU a y Jan 7 *13% 65 14% 65 n r till ssd a y J a /. d < lay 1 1 *13 15 - 6b 06 1)7 27 f 120% 126% 59% 60 % *83% 85 % 74% 75 % 26% 27% 5 7% 58% 59% 6 0 % 33 % 33% •*< % 94% ) 39 % 122 122 ♦19 20% 30 36 109% l i b * 152 16b 101% 104% 1 9 % 9b 22 % — A 42% 43% * 18 18% 52 52 31 *30 2b % 2 0 % 40% 4 L J l STO CKS N E W Y O R K STOCK EXCHANGE F r id a y J a il. 10 S a te s the [Vol. LXXIV. — 0/ Mange fo r Year 1 0 0 1 Mange tor Mreviou$ On basis 0 / 100-share lots Year (IOOO) W eek, Shares Lowest H ighest Lowest J/ighest 13 15 65 23*4 27 120% 120% 27 l)U % 62 61 02% *83% 8. j % *84 ........ 75% 75 75% 2b 20% 20% 26 % 57% 68 68% 57; 01 69% 00% 00 32% 33 L 33 93 94 39% 30% 39% 122 122 123 i m 19 19 19 i 19 *31 36 36 36 1093 109% 4 109*4 110 153 160 lO 'i % 104 % 101% 102% 89 89% % 90% 22% 22% % 23% 42% 42% 42 % 43% 18 18% 18 18% kt •) \ 50 51% 53 29 30 *30 30% 20 20% 20 20% 40% 41 40<% 41 144 U t . J . A G. ia l. v. tr. ctfa. 650 7 % Jan 21 15 K J ’ne 8 1 5 May % Deo *•7 Ho 1st pref. v. tr.otla. 200 55 Out i 78 % J ’ nc25 38% Mu) 04 % Deo l)o 2d pref. v. tr. cilia. 600 17 D ec 11 36 J ’ne 5 11% J ’ m 21 % Deo 133% 133.% St. Law . A A d iro n d a c k ... 2,500 57 Jan 29 134 Deo 19 59% 00% St. Lou is A .sail F r a n ...... 28,8 U 2 1 % J an 4 56 % l >00.19 8% J ’ IH 24% Dec 01% 85 450 75 J ’ l y l 1)0 la t p r o f __ . . . ____ 88 M arl 2 04 Sep 78 Deo 74% 76 Do 2d p r o f................ 24,600 53% Jan 4 76 % J 'n el 9 31% J’ lH 55 Deo §27% 27% 8% j ’ m I s % Deo 1,4 4- 16 May 9 39 ‘a A p r 30 St. Louia South w estern .. 59 50% D o p r e f...................... 330 41%.Dm 3 71 J ’nelO 2 1% J ’lie 45 % Deo 60 61% Southern Pacific. ;;o ........ 97,910 29 May 9 63% J ’lie 0 30% J ’ne 45% Dec 33% 34% Southern v o tin g tr. ctfa .. 37,770 18 Jan 21 35% J ’ne 3 10% J ’ lie 23% Deo 93% 94% Da p r e t vo i. tr. cLfa. 18,050 67 % Jan 21 9 1% Nov27 49% J ’ ne 73 % Dec 39% 39% 4,400 23 % Jan 'C e x a s A P a c ific ../ ........ 62% May 3 13% J ’ m- 26% Dec *121 123 450 117 May 9 129%Jan 9 45% M ar 13*> % J an 1 h iril A v e n u e (N . Y . ). . . * 19 % 2 0 % 800 lu% Feb 10 25% May221 Tul. St. L . A VV. v. tr. ctfa. 37 37 2,800 28 May 9 39% May22 Do prof. vo t. tr, ctfa. 109% 110% 2,260 65% Jan 21 109% Dec 311 01 % J ’ ly 70% Dec T w in C ity Rapul T ra n s it. -152 160 Do p r e f...................... 47 A p r 19 100 Nov30 136 Jan 146 Dec 1 0 l3 lu3% 4 U nion P a c ific .................. 320,74*6 76 Muy 9 133 May 2 44% Jan 81 % Deo 89% 90 D o p r o f...................... 13,232 81 % Jan 21 99 % May 1 70 % J ’ ne 85% Deo 2 2 % 23 1 .................... 22,400 11 % J a 1 3 20 J ’ ne 3 \yal>aal> 6 % Mai 14 Dec 42% 43% 30,320 •> • ■% Jilli 4 40 % .J ’iu * 2 1' 16 Sep 27 Deo *18 19 1,130 11 J an 31 22 J ’lie 41 8 J ’m 13 % 1)ec W h e e lin g A L a k e Erie.*]! 52% 53 D o 1st p ro f................ 1,100 45 M a y 9 00 h Mar28 44 % Sep 58% Mar *30 32% 500 24 M ay 9 38 M ar 28 21% J’ m 33 % Mar Do 2d p r e f................ 2‘»% 20% 4,425 1H ^ UUll y W isconsin Cent. v. tr. efs. 26 j ’ n e l7 10 Sep 20% A p r 41 41% 4,330 38 % J an 1 49% A pr 17 30 Sep 57 A p r Do pref. vot. tr. ctfa. d liscellu n eo u H . 199 199 *200 205 *200 210 ♦200 210 *200 210 *200 205 112 2145 Jan 8 $202 Dec 21, 111 Jan §150 N o v dams E x p re ss............. 69 % 71 09% 7b% 70% 72% 70% 71% 69 H 71% a 69% 71% % 1 m algam ated C o p p e r... 193,287 60% i o n 130 J ’ 1 c*17 j 89% Dec 99 % N o v 2% -2 % 3 *2% 3 2% 2% 818 3 2H i A m erica u B ic y c le ........... 2% 8% Apr 23 1% Sep 25 -10 15 -9 10 10 11 *9 11 12 *9 15 D o p r e f....................... 700 10 Sep 3b 35 A p r 22 30% 31% 4 30% 30% 30 % 3U3 #29 % 29% A m erica n Car A F ou n d ry 21,585 19 Jan 21 35 J ’ ne 14 12% Jan 25% N o v 31 31% 30*4 31% 87% 87% 87% 88 87 % 87% 87 % 8 8 % #85% 86 87 % 88 Do p r e f...................... 1 0,865 07 Jan 19 89 % J My 8 67% J die 72 D ec 32% 32% 32 32% *31% 32% 30% 3 l ‘% A m erica n Cotton O il. . . . . O iJ Om d a 1,900 24 M ar 8 35%.J’nel 7 30 J ’ m 37% A p r 31 H 31 H a *88 92 89 % *88 D o p r e f...................... 85 A p r ill 91% Jan 8' 88% Sep 100 A p r 89 H *88 a *38 *36 40 38 A m e ric a n D istrict T e lc g . 40 *36 ” 'Y d 32 Oct 4 40 May 3 24% Jan 37 N o v ‘ 37 40 38 §35 H 35 H *36 a i *210 212 *210 220 A m erica n E x p re ss ........... 214% 222 216 220 *215 220 §210 215 1.300 §169 Jan 12 210 N ov 19 §142 M a i 191 D ec 40 40 40 40% A m erica n Grass T w in e .. *39 40% 40% -39% 40% 41 39 H 40 a 1.300 39% Dec 10 45 Nov25 29% 31 283 2 9 1 4 29 30 29 28% 29 A m erica n I c e ................... 30 30% 28% 4 7,415 25% Oct 2 41 •%M a r l5 27% J ’ m 49 % A p r *66 64 % 65 64% 64% 64% 65 6 6 % 67 64 % 6 4 1 Do p re f...................... 67% 4 1,100 62 Oct 10 77% M ar22 60% J ’ ne 78% F eb *15 *15 20 20 *15 *16 20 20 *16 20 5% Jan 24 30 % J 4y 9 A m erican Lin seed ........... 6 N o v 16% F e b *44 §43 43 *43 46 *44 46 45 45 * T i o 31 Jan 24 06 J ’ly 9 34 % Dec 60 F eL 48 Do p r e f....................... 32% 34% 32% 34 31% 32% A m erica n L o c o m o tiv e __ 106,970 22% A ug 13 33% N o v 19 32% 32 33 33% 34% 32 09 % 90% 92 94 92% 91% 93% 91 92 92% Do p r e f....................... 41,985 83% Oct 4 91 14 N o v 19 91% 92% 6 *6 6% 6% 6 6 A m erica 1 M a ltin g ........... *6 *6 6% 7% 6 ‘-2 7% Jan 4,525 4% Feb 4 6% 1 8 J ’ne20 3 J ’m 24 24% 24% *23 25 24% 25 24% 23% 23% *23 24% Do p r e f...................... 31 % J an J,100 22% Dec 19 30 J ’ne^fc 18% J > m 45% 46 45% 46 45% A m or. S m elt’g A lie iin ’ g ! 13,908 38% Oct 7 69 A p r 20 34% J ’ m 56 % Dec 45% 46% 45% 46% 45 45 H 46% a 96% 90% 97 97 97 96% 97 97 96% 96% §9638 97% D o p r e f....................... 1.301 88 F e b 26 104% J 4ie20 85 J ’m 99 N o v 26 M ar 19 49% J ’ne 8 A m erica n S nu ff................ §87 87 D o p re f...................... 45 73 A p r 17 90 J ’ nel4 8 4 l l 6 % 117% 1177 1213 119l4 124l4 122 % 125 H 121%123% A m erica n Sugar R efin in g 253,917 103% Dec 24 153 J ’ ne 3 95% M ai 149 Deo \ \ T A iiK a *115 116 Do p r e f...................... 1 1 6 'a l l 6 3 il5 % 1 1 5 % §115 113 4 2,594 111 Dec 24 130 J ’ ly 19 107 M a i 118 J ’ly 1 15 H 1 16 H 116 116% a a 96 *90 96 *91 96 *91 96 00% 90% $95 100 A p r 13 §87 Sep §98% Jau 95 140 §94 Jan A m erican T e l ’g li A Cable 140 140 140 140 155 175 145 147 3,200 99 May 9 146% Oct 2;- 84% J ’m 115 Oct A m erican T o b a c c o ........... 1 7 1 1718 *16 8 16 17 17 H *16 a 17% 1,330 13% M a r l 5 21% Jan 2 21% Dec 22% Deo A m erican W o o le n ........... 16% *16% [7*4 7 9 ^ §79 7 8 l4 7 8 1 *77 4 79 79 79 79 D o p r e f....................... *78Ha 79 255 70 M ar 22 82% J ’ly 1 76 D ec 76% D ec 30% 3138 30% 3 0 7 8 3o% 30% A nacon da C o p p er........ 30 31% 1 0 ‘s 3 0 ^ 30% 31 4,775 28% D e c 23 54% A p r 16 37% J ’ne 54% A p r *214 218 *214 218 *214 218 SXO 210 212 218 *212 219 600 175 Jan 18 228 A p r 15 140 Jan 183 D ec 1B rook lyn U n ion Gas. 10% 10% D r u n s w . D ock A C. Iin p ’ t 6% J ’ne 16% Jau 8% Jan 19 14% M a r l9 10% 10% 825 10 Hi 10 H * 10% 11 i *10*4 11 1UT 11 « 81 863 4 85% 86 86 88 87 88% 86% 861 29% Sep 56% D ec 3,840 41% Jan 21 136% J’ n el? 87 88*4 Colorado F u e l A Ir o n ... ♦125 i s o *126 130 *125 130 *125 130 *125 130 •125 130 116 M ar 19 142% A p r 29 117 Oct 131% Jan J D o p r e f....................... <17'8 1 7 ^ 16 16 10 16% 15% 15% 15% *15 650 12% Oct 23 25 % J ’n el? 11% J ’ne 21 A p r Col. A H ock. Coal A Iron . 216Ha 217 216% 2 l 8 7 *216 219 e 219»4 2 1 9 ^ 217 219 3,500 187 J a n l8 238 A p r 15 t l6 4 Sep 201 N o v 216% 2167 Consolidated Gas (N . Y . ). 6 115% 1153 4 115% 117 2,645 93% Jan 2 124 J ’nelO 70 M ay 95 N o v C on tin en tal Tobacco, p re f U 6 I 4 H 8 I4 116*4 11638 •138 140 136 136 *135 140 §135 135 134 l34Ha 131 131 520 127% Oct 10 152% Aug29 Diam ond M a t c h .............. 9 9 9 9% 6% Oct 14 10 % J ’n el8 9 9 87 t, 9> 3 8% 9 D is tillin g Co o f A m e ric a . 20,085 8% 934 83 85% 34% 34% 34Ha 35 D o p r e f....................... 24,590 23 % Sep 13 34% N o v 9 35 36 H a 35% 35% 34Ha 35 280 280 G en eral E le c tr ic .............. 2S03 280% 280 281 4 279 279 880 281 1,800 183 % J an 10 289% Deo 0 120 Jan 200 D ec 281 281 40 40 40 41% 41% Glucose Sugar R e fin in g .. 40 40 39% 40 40 3,787 37 Oct 24 65 May 2 44 May 60 N o v 41 41Ha *90 100 *92 100 *92 100 *90 100 93% Mar 5 107 A u g 5 92 D ec 103 N o v 92 100 Do p r e f...................... 21 20% 20% I n tern ation a l P a p e r ....... 20% 20% 21 20% 20% W a i 3,645 18 % May 10 28 Mar22 14% M ar 26% N o v 20 H 21 a 76% 77% 75% 75% 1 D o p r e f....................... 76% VO 1 * 4,200 69 Jan 21 81 % Sep 10 58 M a r 75 N o v 76 77% 76% 76% 76% 77 88 88 % 88 H 88% 8 7 ^ 87% 1,400 54% Jan 2 100% May31 24 J ’ ne 55% Deo In tern a tion a l P o w e r ....... a *7 3% A u g 10% Jan *7 7 7% 5% Feb 7 11 Jan 5 200 *7 7% §6% 7 6% 7% 6 7 In tern a tion a l S ilv e r ........ s *4 7 47 *45% 46% 47% 47% 47 47 47 47 611 33 Ax>r25 51 D ec 4 D o p r e f....................... 48% $47 *47 47 47 48 48 47% 47% 47 700 24% Jan 22 49 N o v l9 *46% 49 47% In te rn a t’l Steam P u m p .. 28 D ec 29% D ec 48% *86 90 §90 93 100 74 Jan 24 89 Oct 16 76 Dec 77% D ec 90 *86 D o p r e f...................... 90 *86 8 7 H 87% a *9 0 83% *90 95 *90 *90 95 *92 94 95 *90 95 70 Jan 18 95% J ’ly 8 65 May 80 Jan f aclede Gas (S t. L o u is ). •105 108 *105 108 *102 108 *103 108 95 Jan 21 106% N o v i 2 96 J an 100 J an 105 108 *105 108 I d D o p r e f....................... *12 14 *10 14 M anhattan B e a c h ........... 15 15 8 Oct 12 22 A p r 16 *12 *12 15 *12 15 6% Jan 18% M ay *11 44% 4 5 % 45% 45% 45% 5,312 37 Jan 21 46 May 3 23 J ’ ne 40% N o v 44% 45% 44 45 45% ation al B is c u it........... 44% 45 H a a 106 106 *104 105% 104 H IO 434 104% 107 79% J ’ne 96 F e b 106 106 400 92 J an 2 103% N o v l8 D o p r e f....................... *104 107 15% Aug- 28% F e b *10% 17 200 15 M a r l 4 25 % J’nel2 16 16 *16 17 16 16 *15% 163 *15% 16% N a tio n a l L ea d ................... *7 8 80 80 79 79 *7 9 81 100 74% Dec 24 93% J’n elo 83 A u g 106% F e b Do p r e f...................... *77 *78 80 *78 80 2,820 133 J ’l y l 5 175 A p r 26 112 Sep 175 N o v 158% 158% 157 159 161 161% 155 155 159 lo9Ha 158% 159% N e w Y o rk A i r B ra k e ....... 13 Dec27 ] 5 D ec 3 N e w Y o r k D o c k ............... 200 45 D e c 20 47% Deo 6 D o p r e f...................... 44 44 1.1 50 73% Feb 14 109 J ’n e l 8 90% 91% N o rth A m erica n Co., n ew *92 93% '9 2 *9 2 " 92 92 92 92 i » r - 9 r 7,320 30% May 9 49% N o v i 1 25% J ’ne 57 N o v 47 47% 47% 47 48 acific M a il..................... 463 47 H 4 a 47 47 47 H a 47 47 % 104% 105% 102% 105% 10134 104 eop. G a s-L .A C. (C h ic.) 23,685 95% J an 21 120%J’ne21 81% Oct 111% A p r 105% 106 102 H 103% 102% 102% a 3,765 30 M a r 41 41 Pressed S teel C a r............. 52 Jan 2 32% Sep 58% J an 41 42 41 41 42 42% 41% 42% 40% 4 1 7 8 84 84% 2,165 72% M a r 5 89 A p r 29 70% Sep 89% N o v D o p r e f..... ................. 85% 86 853g 85 H a 84% 85% 84% 84 H a 84Ha 8 4 H i *215 217 1217 217 575 195% Jan 21 225 O ct 17 176 J ’ ne 204 D ec P u llm a n C om pany........... 217 217 217% 217 H 217 220 i 217 217 2% M a r % Aug 100 *3% 4 Q u ick silv er M in in g ........ 1% A p r 22 *3 3 4 4% 5 % M a y31 *3% *4 4% 4 4 4% *3% 41 4 10% M ar *9 11 7% Oct ‘9 11 7 M a r 20 12% M a y27 D o p r e f...................... *9 11 -9 11 *9 11 *9 11 16% 16% P ©public Ir o n A S te e l.. 18,095 11% Sep 13 24 J ’n e l 7 8% J ’ne 27% F eb 16 16Ha 16 16% 16% 17% 16% 17% 161* 17 5,610 55% Jan 21 82 A p r 1 49 Aug 70% F e b 69% 69% I X D o p r e f...................... 70 68% 69 69 68% 69 68% 69 % 69% 69 % 700 18 D ec2 6 38% M ay 2 18% 18% R u b b er Goods M f g . .......... *18% 19% *18Ha 20 18% 19 ♦19 20 *18Ha 20 67 67 *6 9 72 1,075 65 D ec 13 90 M a y 2 D o p r e f....................... 68 69% *68 67% 67% *69 72 70 1,100 19% F e b 5 41% A p r 2 17% Oct 26 N o v 30% 30% G loss-Sheffield St. A Iro n 80 30% *30 30 30 30 31 30 30 30 H a 4 *8 0 82 1,000 65% Jan 22 863 A p r 8 59% J ’ne 71 N o v 82% 82% *80 82 82 82 *80 81 H *89% 90% O D o p r e f....................... a 4 % M a r 10% Jan 3% M a r 6 8 % J ’n e l 3 600 4 *4% 4% 4% Standard R o p e A T w in e .. 4% *4% 4% 4% *4% 4% 4H a 4H a 66 66% 63% 64 Ten n . Coal, Ir o n A R R . . . 14,625 49% M a r 7 76% J ’n e lS 49 Oct 104 F e b 64% 66% 63% 643 4 64 65 66 H a 64% 300 19 Jan 18 42 A p r 20, 13% J ’ne 21% D ec *3 5 38% T e x a s P a cific La n d T ru s t *35 38% 37 37 10 J ’ne 25 F e b 600 12 A p r 12 19% J ’n e l? & Pcip6r. . . . . 133 14 4 14% 14% 14 14% 14 1 4 1 *13Ha 14Ha *13% 14% I Til ion s 300 65 A p r i l 75% D ec 4 56% M ay 77% F e b LJ D o p r e f....................... *73 75 74 *73 75 *73 75 73 73% *72 * 7 3 H 75 a 98% 99% §99% 101% 1007 109 8 107 IO 8 H §106 108 H 104 100% U n ited sta tes E x p re s s ... 12,086 §53 Jan 26 100 A p r 19 §45 M ar §59% D ec 2 a 7% J ’ne 19 Jan 7% M ay 16% M ay 2 12% 123s 12 12% 11% 11% U n ited States L e a th e r___ 20,130 12 12 4 1 1 78 12 1 1 % 12 3,947 69% M ay 83% A u g 28 65 J ’ ne 79% N o v D o p r e f....................... 81% 81% 82 82% 813 82% *81% 82 4 82 82% 81 H 81% a 635 12 % Oct 34 Jan 2 21 J ’ly 44 J an 14 U n ited States R u b b e r___ 15 14 14 $13% 133 *14 4 14 *14 15 14% 14% 85 J an 2 74% Deo 104% Jan 580 47 Oct 50% 5 0 % D o p r e f....................... 50% 50% *51 62 51 51 51 51 51 51 55 A p r 30 43 45 463 4 45% 4 6 1 4 43% 44% 4 3 5 445 a s 44% 45% 43% U n ited States S te e l.......... 450,950 24 M ay 101% A p r 30 D o p r e f....................... 388,970 69 M a y 94% 96% 973 4 95% 97 94 94 95 H a 95% 95% 94% 95% 300 51 J ’ly 12 72 M ar30 V irgin ia -C arolin a C h em .. 60 02 62% 62 % *61 62% 62% 62^.2 *61 62% 62 H -61 a 100 110 A p r 26 125 AugoO D o p r e f...................... *121 H 122 a •121% 123 *121% 123 121Hal2 1 H * ........121% * ........ 123% a 120 §130 Jan 11 199% D ec 30 120 J ’ne 140 Deo ells, F a rg o A Co. 195 195 *190 200 |190 190 *190 200 *190 195 *192 195 9,570 81 J an 21 100% M ay 6 7 7 % J ’ne 8 8 % Jan 90% 91 W 1 est’n U n io n T e le ’ gph 4 91% 91% 903 91% 4 91Ha 92 H a 903 91*8 92% 92% 1,700 145 N o v 26 180 D e c 26 174% 174% W e s t’ g li’s e E l A M i g assen §176% 176% 174 176 177 177 1773 17734 176 181 4 1000 57 N oy 27 187 D ec 27* D o 1st p r e f................ *180 190 180 ISO *178 184 *175 ISO I 175 182 I *180 185 14 6L \ ( N P W B A N K S A N D T R U S T C O M P A N IE S —B R O K E R S ’ Q U O T A TIO N S Ask T ru st C o’ s B id Ask I T ru st C o’s Morton Trust 1185 1200 550 Ask Brooklyn*!] .. 120 N Y L ife A T r 1300 1375 | BlvOOKlA X Central T r ’st 1900 1 130 Brooklyn T r 125 N Y Sec & T i 1200 C ity T ru st... 375 400 8th Wardfl .. 200 213 85 Flat bush___ l <0 C olon ial...... 3o 5 . . . . . . N orth Amev. 26o 27 o 5th Avenue^: io o 110 140 C ontinental. 475 .. . . . . Real Est T r ’t 400 Franklin .... 3 I d 380 F ir s t............ 295 140 io o UaunUoi^... 302 8 10 K ings Coll... 130 105 . ....... Farm L o A T r 1450 1550 St am lard I T ’ 1 405 T r Co of Am. 2 10 2 i 5 I k lUgS CO--- 1 ( % % ««% • Fifth A v e Tv 050 750 M aniifactrs’ . 285 4 Union Trust 1390 l 4 10 ! L Is! l.A 1 2 O G uaranty T r 750 7 75 Mechanics!! . 217% U S M tg A Tr 135 160 . Manulaci rs 50o 820 K nick T b ’ kT 725 Merchants’ .. 100 T ru st Cos. ....... *211 220 M anhattan.. 510 ••••.• V nit States . 10 75 . . . . . . \ N assau........ 350 1Vonlo’s ...... 00O \ ashiugton. 125 \ BROOKLYN M0t mt.tr N. Y. CITY ■H ) U 975 WUiuuusb’g. (215 Merchants’ .. 350 400 BedfordH___ 225 A tlan tic T r .. t ‘285 N orth Side!). 180 Metropolitan 525 ........ B roadway1i.. 250 People’s!!___ 206 ........ Bowl’ gGreen 205 210 f Ex rights. Bauks marked with a paragraph f >aro State banks * B id and asked prices; no sales w ore made 011 this day. 4 Less Mi m lo .) snares. Banks HEW YORK B id CITY United N a t’l. 120 V a ric k ....... 225 W ash m gt’ nl; 200 Wash. H ’htsii 200 W est Side^].. 625 W estern ...... 615 Yorkville^i .. 240 Banks B id A sk BROOKLYN 1 S ale at S to ck E x ch an ge or at auotion this w eek. Banks BROOKLYN 17th Ward1l. S p ra g u e...... 26th Ward!]. LI n ion !]........ W allabout!] . s B id T ru st C o’ s Ask B id C’l R ’ t y B & T r 525 T r u s t Oo. oertlfieatea. New York Stock Exchange Bond Eecord, Friday, Weekly and Yearly O O U U P Y IN U n s ~.2 we S% ICON OS N. Y. STOOK EXOHANG E W kkiv E n ding J a n . 10 U u U V V II V V /’rice Frid a)! Jan. . 1 0 Hid u . S. (40V<*B*IU*HMlt S 2s consul registered.^ 1030 s 2s consol coupon, ...d\ 030 H 2a const '1 rug sill ill l. .<11030 S 2s con m o 1coup sm all. d 1030 s 3s rug is lu red.......... k 1018 8 3s coupon................ A'10 18 rug small bonds. . A 1018 ' 8 8 3s cou small bonds. . k l 0 18 40 registered ...........h 1007 4s coupon................./i.1907 4s registered...............1025 4s coupon...................1925 5s registered.............. 1904 5s coupon.................. .1904 A sk Low 108 Ei 10 9 1087 Sale 8 Ranga Work's Rarif/e or Last Sate ) ear to o l Iliy h So Low 108% B e e ’ 01 1.08 % LOSE 105 105 /Itah 109 % 109 % 107*1 108 % 1.07 % Oct 3)1 108% 109 108' 108' 105% 105% 107% 111% 108% 1 12 108 109 111*1 112 *4 11 l* i 1 12 % 139% 1.40 139%140 107% 107% 107 % 107% 106% ! 12 111 % 1 14% 112 115 % 1.37 189% 186% 139% MO 111% 107% 113% 108 D ec '01 1 . .1% D e o ’ 01 1 111% J an ’ 02 139% N o v ’ Ol 189% Dec T) I HO May’ 0 1 107% D e c ’01 F o re ig n G overn m en t 93 ........ 92% D e c ’ 01 Frankfort-on-Main |*%s ser 1.. M-S 91% 03 These are p rice s on the basis of four m arks to o ne do Liar. U S of M exico s 1 g 6s of 1899 Q-J ! 96 A p r ’01 96 97% 2 Jiese a re p r ices o n the b asis o f $5 to Slate Securities Alabam a class A 4 to 5___ 1906 Class B 5s....................... 1906 Class O #S...... .................1006 Currency funding 4s___ 1020 D ist of Columbia 3*65s___ 1924 Louisiana new consol 4s.. 1914 J-J J-J J -J J-J F-A J-J S m a ll.................................. Missour i f unding___ 1804-199 5 N orth Carolina consol 4s.1010 @g... ......................... 1910 So Carolina 4 4s 20-40.......1933 Tenn new settlement 3s.. 191 S m a ll.................................... V irg in ia fund debt 2-3s...l991 R e g istered ......................... 6s deferred certl's............... 106% Sale J-J J-J A -0 J-J J-J J-J J-J J-J R a ilr o a d labama Cent See So R y laba M idi See 8av Fla & V A lban y & Susq See Del 6 a H ud A llegh en y V a lley See Penn K E A lle g cfe W est See Buii R 6 a P A m D o c k & Im See Cent of N J Ann A rb o r 1st g 4s........A1995 Q-J A tch T 6 a S F e gen g 4s. ..1995 A-O R egistered......................1995 A-G Adjustm ent g 4s......... M 995 N ov R e g istered ...............h i 995 N ov Stamped................. 7il995 Nov Chic 6 a St Louis 1st 6s.. 1915 M-S A t l K n ox 6 a N o r 1st g 5 s .. 1946 J-D A tlan ta 6 a D anv See South Ry A tla nta 6 a Y ad k See South Ry A ustin 6 a N W See Sou Pacific at Creek 6 a S See M ich Cent alt 6a Ohio prior Ig 3 % s.l9 2 5 J-J R e g istered ................... A1925 Q-J Gold 4 s . . . . ..................A 19 48 A-O R e g istered ................A1948 Q-J Conv deb 4s................... 1911 M-S P Jun < M D iv 1st g 3 %sl925 M-N fe R e g is te re d ................#1925 Southw D iv 1st g 3 % s ...l9 2 5 R e g istered ................ /il925 Q-J Monon R iv 1st gu g 5s..1919 F-A Cen Ohio R 1st C g4% s..l93 0 M-S Beech Creek See N I C & H B elley 6a Car See Illinois Cent Bklyn 6a Montauk See L on g 1 Bruns 6 c W est See Saw F I 6 a W Buffalo N Y 6 a E rie See E rie Buffalo R 6 a P gen g 5s... 1937 M-S Debenture 6s................. 1947 J-J A ll 6 a W est 1st g 4s g u ..l9 9 8 A-O Cl 6 a M ali 1st gu g 5 s .... 1943 J-J Roch 6a P itts 1st g 6S...1921 F-A Consol 1st g 6s........... 1922 J-D Buffalo 6 a South west See Erie Buffalo 6 a Susqu 1st g 5s.. 1913 A-C Registered...................... 1913 A-O 1st refunding g 4s...... cU951 J-J Bur Cedar R 6 a N o 1st 5s. 1906 J -D Con 1st 6 a col trust g 5s.. 1934 A-O R egistered................... 1934 A-O C R X F 6a N W 1st gu5s. 1921 A-O M 6a St L 1st gu g 7s___ 1927 J-D 'anada South 1st 5s...... 1908 J-J '2d 5 s............................. 1913 M-S R egistered...................1913 M-S Carb 6 a Shawn See 1 1 Cent 1 Carolina Cent See Seab 6 a Roan Carthage 6 a A d See N Y C 6 a 11 Ced R la F 6 o N See B C i i & N Cen Branch V P ls t g 4 s .. .l9 4 8 J-D Cen Branch R y See M o Pac Central Ohio See Balti 6a Ohio Cen R R 6a B of Ga col g 5s 1937 M-N Cent of Ga R R 1st g 5s..pl945 F -A R e g is te re d ................. p i 945 F -A Consol gold 5s................1945 M-N Registered...................1945 M-N 1st pref income g 5s___ />1945 Oct 2d pref income g 5s___ p l9 4 f OCt 3d pref income g 5s___ p i 945 Oct Chatt D iv pur in on g 4s. 1951 J-D M ac 6 a N o r D iv 1st g 5s. 1946 J-J Mid Ga 6 a A l l D iv 5s___ 1947 J-J M obile D iv 1st g 5s...... 1946 J-J C en to! N J 1st consol 7s.. 1902 M-N General gold 5 s.............. 1987 J-J R egistered .............. h 1987 Q-J *95 % *93% 99% 108 106% N o v ’Ol 136% J ’l y ’Ol 120 M a r’00 97 D ec ’ 01 95 Oct ’01 98% N o v ’Ol 126 % ___ 106 106% 109% Oct ’00 103% D e c ’ 01 109 A u g ’ 01 126 Oct *01 107 N o v ’Oi 109% F e b '99 105 135 109% 102 103% 109 109 125 126 106% 109 106% 136% 95% 99% 94% 96 93% 98% 7% A u g ’ 01 7% 10% A B t 96 104 97 Sale 94% Sale *95 * Sale io < T 112 96 96% 103% 104% 102 N o v ’Ol 94% 95%. 94% 94% 95 95% 108% D e c ’ 01 12 95 101 290 101% 105% s 10 1.01% 104 183 86% 99 7 92 95 282 90 97 . . . . 108 95 95% 73 94% 97% 97 D e c ’ 03 95 97 103% 1 L6 99 105 103 Sale 103 102 102% 45 100% 104 104% Sale 104% 107 197 100% 110 90% 90% 16 87% 91% 90% Sale 95% Sale . 90% Sale 111 118%119 90% 91 203 88% 92% 90% J’ne’ Ol 90% 91 111 May5 00 112 N o v ’ Ol 112 112 118% 118% 1 115 118% 103 A p r ’ 97 128% ........ 127 Oct ’ 01 ___ 127 131 127%........ 127% D e c ’ 01 — 127% 130 100 N o v ’99 99 ........ 101 N o v ’"of 101 101 104% Sale 104% 104% 8 103% 108% 124 ........ 124% 124% 10 119% 127% 117 N o v ’ O O O 116% ........ 113% D e c ’ O 105% Sale 110 Sale 92 % ........ 105% 105% 57 105% 109 110 110% 14 107 111 107 A u g ’01 .... 106%107 91% ........105% 103 120%........ 122 108 Sale 77 Sale 33% Sale *18 20 103% ........ 103% ........ 133% Sale i 82% Sale 91% N o v ’ Ol N o v ’ Ol 106% 108 105% S e p ’ 01 77 77% 33% 33% 18% 19% J 92 N o v ’ O 95 D e c ’99 102 J'ne’99 105% D e c ’01 103% 103% 132% 133% 132% 132% 91 95 96 119 1 103% 122 286 97% 108% ... 105% 105% 84% 30 60 36% 39 20 8 21 16 __ 91% 92 105%105% 6 102% 108 117 127 137% 2 127 137 M IS C E L L A N E O U S S tr e e t R a ilw a y Brooklyn 'Rap T r g 5s...... 1945 A tl A v Bklyn imp g 5s..1934 Iik Li ty 1st con 6hJ 916, 1941 Bk % Go 6 c H con gu g 5s. 194 1 Bklyn Uu El 1st g 4-5s.J950 K in gs Co EJ 1Ht g 4 h___ 3949 N assail Elec gu g 4 s ___J9 5 1 C i t y 6a B Ry Balt Jst g 5s. i 922 Con n R y L I st 6a rej g 4 %s '51 Den Con T r Go Jst g 5s... 1983 lien 'I rani Go con g 6s.. J9 J0 M ct Ry Go 1st gu g 6s.. J9 JJ Dei. 1 'it, Gt Ry 1st con g 5s. J905 Or B.apjds Ry 1st g 5s...«J 9) 6 L otus By Go Jstcon g 5 s .. J980 M a r k e t : l G Ry Jst g 6s.. J9 J8 M et Ht B y gen col tr g 5s. J997 B way 6a 7Ui A v 1St c g 5s J948 109 FOUR PALES BONDS N. Y, STOCK E X C H A N G E W lUCJC ENDING J AN. 10 /’rice Frid ay Jan. JO Week's Rd/nye or Last Sole Hornye ) cue ./U() i % ' jV j Hid A sli\ Low /H(/h\ No Low U Ofh 112 %1 H i', 1 L4 % D eo'01 1)2 110% Ccii I ral of iN .J ( ( 'on t i / d ) nu Am Dock A Imp gu 5n . 1921 1.(• A; 11ud If, g<m gu " 5s I 920 Le)i 6 a Wilks 1 Goal 5m.. 1918 5 Con ex.t guar 4 %h___a 19 10 N Y & Long Dr gen g 4 h 1941 Cent Pacific See Ho Pacific <J o Charles Ai Sav 1st g 7s.. . .! 9.86 Chew 6 a Ohio g Oh ser A m \902 .h Gold 0s......................... a 19 11 1st consol g 5b ............... I 939 R egistered.................. 1939 General gold 4 %s........... I 992 Registered.................. 1992 (J ratg V alley 1st g 5s ___194(> It 6 a A Div 1st eon g 4 s .. 1989 2d consol g 4s...............1989 W arm Spr Val 1st g 5s..1941 K liz Lex 6 a B S gu g 5 s .. 1902 Greenbrier R y 1stgu g Is ’ 40 Chic 6 c A lt R R s fund 6s.. I 908 Refunding g 3s..............1949 Miss R iv B 1st s f g 6s.. 1912 H allw ay 1st lien 3% s...l950 R egistered...................1950 Chic Bur 6 a Q consol 7s... 1903 Chic<fe I owa D iv 5s........ 1905 D enver D iv 4s................ 1922 Illinois D iv 3%s.............1949 R egistered ...................1949 Iow a D iv sink fund 50..1919 Sin ki n g fund 4s........... 1919 Nebraska Extension 4s. 1927 Registered...................1927 Southwestern D iv 4s___ 1921 Joint bonds See Great North Debenture 5s................. 1913 Han 6 a St Jos consol 6s.. 1911 Chic 6a E 1 1 1st s f cur 6s. 1907 1 1st consol g 6s................ 1934 General consol 1st 5s___ 1937 Registered................... 1937 Ohio 6 a Ind C R y 1st 5s. 1936 Chicago 6a E rie See Erie Chic In 6 a Louisv re f 6s... 1947 Refunding gold 5s......... 1947 Louisv N A ’ cfe Cli 1st 6s.1910 Chic M il 6 a St Paul con 7s 1905 Term inal gold 5s........... 1914 General g 4s series A ..e l9 8 9 R egistered .................61989 General g 3 %s series B .61989 Chic 6 a L Su D iv g 5s___ 1921 Chic & Mo R iv D iv 5s... 1926 Chic & Pac D iv 6s......... 1910 Chic & P W 1st g 5s...... 1921 Dak & Gt So g 5s........... 1916 Far cfc Sou assu g 6s...... 1924 H ast 6 a D D iv 1st 7s...... 1910 1st 5s............................1910 1 6 cD E x ten 1st 7s......19 08 LaCrosse 6 a D 1st 5s___ 1919 M ineral Point D iv 5s___ 1910 So M inn D iv 1st 6s___ ..1910 Southwest D iv 1st 6s___ 1909 W is 6 a M inn D iv g 5 s ___ 1921 M il & N o 1st M L 6s, ...1910 1st consol 6s...... : ........1913 Chicago & N orth w estern Consolidated 7s............. 1915 Gold 7s............................1902 R egistered.................. 1902 Extension 4s........1886-1926 R egistered......... 1886-1926 General gold 3%s........... 1987 R e g istered ................p l9 8 7 Sinking fund 6s...1879-1929 R egistered......... 1879-1929 Sinking fund 5s...1879-1929 R egistered......... 1879-1929 Debenture 5s................. 1909 R egis ter ed...................1909 Debenture 5s................. 1921 R egistered...................1921 Sinking fund deb 5s...... 1933 R egistered...................1933 Des M o 6 c Minn 1st 7s.. 1907 M ilw 6 a Madison 1st 6s.. 1905 N orth Illin ois 1st 5s___ 1910 Ott C F < St Paul 1st 5s 1909 fc W inona < St P et 2d 7s. .1907 fc M il L S & W est 1st g 6s 1921 E x t 6 a Im p s fund g 5 s 1929 Ashland D iv 1st g 6s..1925 Mich D iv 1st g 6s........1924 Convertible deb 5s___ 1907 In c o m e s ...................... 1911 Chic R ock Is l 6 a Pac 6s...1917 R egistered...................1917 General gold 4s.............. 1988 R egistered.................. 1988 Des M 6 a F t D 1st 4 s ....1905 1st 2%s.........................1905 Extension 4s.............. 1905 Keok 6 a D esM 1st 5 s ....1923 Chic 6 a St L See A tch T & Sa Fe Chic St L 6 a N O See 1 1 Cent 1 Chic St L 6 a P itts See Penn Co Chic St P M 6 a O con 6s... 1930 Ch St P 6 a Minn 1st g 6s 1918 N o r Wisconsin 1st 6 s...1930 St P 6a S City 1st g 6s...1919 Chicago T e r Trans g 4s...1947 Chic 6 a W est In d gen g 6s #1932 Chic 6 a W est M id i R y 5s.. 1921 i 03 % N o v ’i ) ! 102 1.03 i.02% 113% Hub 1 13%, ) 13% 11 6 % ....... 1 16 0 Dno’O , J 121 Sale 120% 12 J% 121. J ’ nCO) 107 Sale 106% 107 103 A pr ’0 ! J06 ....... 103 JNov’O O 1.04% Sale 104 TO 11 ...... . 100% 10 1% D ec ’01 106 .. . . . . 1o 1% A p r ’ 99 101 '2 ....... 101% 101H .... j ();; J | )7 A 103 106% l| 113 J 17 115 11'.) 31 J 19 122 --- 1 120 % J2 J 03 104 108% 103 103 4 103 .... 99 107% 103 •j 100 i 02 % j| 1.02% J05% i(>3% S afe’ Y o 'K "" i b*3 o 87 88 87% D e e ’OJ — 86 94 84% Bale 34 % 34% 55 83 % 87 % 104% 104%. 23 106% 109% 104% A p r ’ 00 . 101 102% 102 ........ 101% Oct ’01 7 101% 104% 101% ........ 102 102 104% Sale 115% ........ 115 % A u g’01 ___ 114 115% 105% ....... 104% D e c ’ 01 . 103% 107 4 n o 113 Ill Sale 111 111 109% A u g ’01 .... 109% 112% 100% J’ ne’ Ol 100% . 100% 100% 109 % 109% 121% ....... 111% ........ 138% _____ 122% 122% 108% D e c ’ 01 121% D c c ’ 01 111% D e c ’ 01 138% Dec ’ 01 L22 % 123 115 A u g’ 00 120% ....... 122% D ec’ 01 .... .... .... 26 108 112% 120 123% 111% 117 135 140 115 127 — 112%125 126 129% 10 115 128 8 106%116% 114% 114% 6 113 117 113% Sale 113% 113% 1 180 194 182% Sale 182% 182% 111% 115% 111% ........ 114 D e c ’01 110 ........ 110% J a n ’ 02 .... 110 114% 105% Feb ’ 98 126 Sale 1 1 6 % ...... 118%....... 114% ....... 117 118 112% ........ 130% 120% ........ 1 0 7 X ........ 114% ........ 108% ....... 114 ........ 113% sale 116% Sale 114% ........ 119 . . . . . . 118% N o v ’ Ol 121% D e c ’01 116% Oct ’ 01 116% H 8 112% 112% 137% J’ l y ’ 99 123% Oct ’01 109% D e c ’01 185 Oct ’ 01 117% Oct ’ 01 110% N o v ’ Ol 114 114 113% 113% 116% 116% 116 J ’l y ’Ol 118% Sep ’ 01 140 140 103% D e c ’01 102 D e c ’ 01 109 D c c ’01 107 M ar’00 111 Oct ’ 01 103 N o v ’ 98 115 115 Sale 115 111 O c t ’00 108 110 108% J a n ’ 02 107% May’ 01 108% Jan ’ 02 i ‘o8% i i o 108 Oct ’01 ........110 114% ..... . 114% Oct ’01 114% ........ 114 O c t ’ 01 *121 % 124% 121% 122 123 M ay’ 01 140 Sale 103%104 103% ........ 108 % ....... 107% 110 108% ........ 109% ........ 110% ........ 110 ........ 118% ___ 136%........ 127% ........ 141% ........ 139% Sale 107% ........ 110% ........ 128 130 126% ....... 105% Sale 110% Sale . . -10 8 1 .... — iie ^ m 118 122% 116 119 116% 122 111%116% 120% 126% 109% 110% 185 188 117% 119 108 110% 114% 119% 113 117% 116%120 116 119% 118%122 6 .... .... .... 139% 142% 102% 108 102 108 10-8% 112 .... .... 3 6 .. . . ___ 109% 111 5 113% 116% * oo« ibe% Iid % .... 107% 107% 108 110% 108 108% 114% 117% .. 114 114 2 121% 125% — 122 123 113 J a n ’ 01 110% Oct ’01 - ••110% A u g ’ 01 .... 120% N o v ’ O O 5 137% 137% 128 128% 7 143% A p r ’ 01 • •^139% 139% 5 107% F e b ’01 « « •« 113 A p r ’01 * •• 4 128 128 126 D e c ’Of __ 105% 106 i i i 106% N o v ’Ol 99% F e b ’ 01 . . 86% A u g ’O O 97 D e c ’ OO 110% 110% i 113 113 110%111 110% 111% J35%T41% 123% 127% 143%143% 138% 143 107% 107% 113 113 127% 132% 126 132% 105% 110 105% 107% 99% 99% 110% 112% 2 134% 142 139% Sale 139% 140 140 7 134 140% 139% ........ 140 140 140 138 ....... 140 M ar’01 129% 129% 3 127 j :l > 48 87 98 87 89 88% Sale 117 119% 117% ........ 119% N o v ’Ol 100 O c t ’ 99 B O N D S —C o n tin u ed on N e x t P a g e . S tre e t R a ilw a y 7 103% 110% M et St R y—( Continued) 107 107% Col 6 o 9tli A v 1st gu g 5s. 1993 110 Jan ’ 9$ j i i * 'i i 5 * * L ex A v 6 a P F 1st gu g 5s 1993 i u % i l 4 * ’ 115 D e c ’ 01 Th ird A v e R R con gu 4s 2000 100 ........ 100 301 % ” 7 100 105% Third A v e R y 1st g 5s.. 1937 101 % Sale 100% 101% 191 98 103 95 M et W S El (Chic) 1st g 4s. 1938 91% Sale 90 91 % 98 88 M il El B y & L 30-yr g 5s. 1926 Minn St R y 1st con g 5s.. 1919 St Paul City Cab con g 5s. 1937 ................. 100% N o v ’Ol .... ioo% i o i G uaranteed go 1 5s....... 1937 d 95 J ’ne’ O O Union El (Ohio) I s t g 5s..1945 W Chic St4.0-yr 1st cur 5s. 1928 40-year consol gold 5 s...1936 ........ ------ 103 N o v ’ Ol .... 101% 103 107% Sale 109 , 121 ....... I 2 1 118% Sale 118% *H o price Friday; latest price this ,v <u. « buo.ln/i < M ar'98 M-8 M-S J-J J-J F-A F-A J-J J-J J-J A-O M-N M-N 121% 126 ........ 122 D ec’ 01 J23 123% ” 6 120 123% a SaJfe 99% 100 428 11)0 105 123 126 124 J a n ’02 102% 102% *3 98 103% 106 Oct ’99 110 110 J 111% ........ 11.0 A p r ’O 113 ....... 114% N o v ’ Ol — 111%114% 122 G 122 128 .. ... . . . . . . . 109% Deo ’99 99 Doc ’ 97 L a * and E le c t r ic L ig h t A Manta G L Co 1st g oh. .. 1947 J-D 91 % Oct ’98 i 2 117 % 122 % P os U Gas tr ctl's h f g 5h. 1939 J-J 12 ) i JI8 122% Bklyn U Gas 1st con g 5h. 1945 M-N 117 ....... I 17 D ec *01 118% d Duo A pr e Duo May # D rie J 'n o h Duo J 'ly k Due A ug p Duo Nov r/Duo Doc ...... ...... 1! 5 % 119 % >n sal© Bond Record—Continued—Page 2 84 BOSUfei K. Y . STOCK E X C H A N G E WfcitK ENDING JAM 10 11 Choc Ok Jt G gen g 5n ...olOlO J J S r ic e F r id a y J a n . 10 B id A s k Low A O i l l 4 ....... 2d gold 4 4**................... 1937 J - J Cin D d 1 la t gu g fe 19411 M-N 1 1 3 4 ....... C I St L J O See U C O d St I fc b Cin S A C See C Q O St 1 ^ Clear Held «fc Mali See B K A 1 Cleveland Cm Chic %c St Loiiia s 103 Hale G e n e r a l g 4 a ................... , . . 1 9 9 3 J-D Cairo D iv lat gold 4a... .1939 J-J 963 ....... * Cln W d M Div la t g 4a .1991 J-J fc St L I)iv lat col tr g 4a.. 1990 M N 103 105 Registered.................. 1990 .V N I 8 p r & C o l D iv l a t g 4a MS Vv W V a l D i v l a t g 4 a . . . 1 9 4 0 J J 1 C I S t L A O C o n a o l O a . .1 9 *2 0 IV-N la t gold 4a................A1936 < 4 * 105 ....... R egistered_______ /cl 930 Q-P . . . . . . . Cin S d Ol con la tg 5 a .. 192S J J 114%....... b C O O & I conaol 7a....... 1914 J-D 130 1334 C o n s u l s i n k f u n d 7 a ____ 1 9 1 4 J -D General consol gold Oa. 1934 J-J 1 3 4 4 ....... J -J Ind B1 db W lat pref 4a. 1940 A-O O Ind d W lat pf 5a...d 193s O-J b PdO & East la t con 4a. ..1940 A-O * 97 4 99 77 Sale Income 4 a ................. 1990 Apr Cl Lor d Wh con la t g 5a. 1933 A O 1 1 6 4 ....... b Clev d Marietta <S'eePenn HH b Clev d Mahon Val g 5s... 1938 J-J b Registered.................. 1938 Q. J Clev d Pitta See Penn Co b 83 Sale Col Midland la t g 3-4a....l947 J-J 83 Sale la t gold 4a..................... 1947 J-J 92 4 Sale Colorado d Sou 1st g4 a ... 1929 F-A b C oIuiu d Greenv See So Ry b Col d Hock Val S ee Hook V a b Col Conn & Term S ee N d W b Conn d Pas Riva 1st g 4a. 1943 A-O b ak d Gt So S ee C M d St P b b alias d Waco See M K d T b b Del Lack «fc Western 7s... 1907 M-S 119 ....... Morris d Essex la t 7s... 1914 M-N 1 3 6 4 ....... b 1st consol guar 7a......1915 J-D 1 3 6 4 ....... Registered............... 1915 J -D N Y Lack d W 1st 6s...1921 J-J 133%....... b Construction 5s.........1923 F-A 117% ....... Term & improve 4s___1923 M-N Syr Bing cfc N Y 1st 7s.. 1906 A-O 116%....... Warren 1st ref g u g 3 4 s .2000 F-A Del d Hud 1st Pa D iv 7s.1917 M-S 1 4 7 4 ....... b Registered..................191 M-S A lb Sus 1st con gu 7a. 1906 A-O 1154116% Registered.................. 1906 A-O Guar gold 6s............... 1906 A-O i l l ....... Registered............... 1906 A-O Reus d Saratoga 1st 7s. 1921 M-N 1 5 0 4 ....... b Registered.................. 1921 M-N Del R iv R R Bridge See Pa R R Denv d R Gr 1st con g4s. 1936 J-J 1014101% b Consol gold 4 4 s ............ 1936 J-J 1104112 Improvement gold os... 1928 J-D 11041114 Rio Gr So gu See Rio Gr So Den & S W est gen s f g 5s 1929 J-D 89 4 Sale Des M oi & F t D See C R d I P b Des M d Minn See C h & N W b Des Moi Un R y 1st g 5s.. 1917 M-N *105 ....... D e t M & T o l See L S & M So D et d Mack 1st lien g 43.1995 J-D b Gold 4s...........................1995 J-D 90 924 D et M d M Id gr 3 4s ser A 1911 A O b 334 Sale D et Sou 1st g 4s............. 1951 J-D 854 864 94 95 Ohio Sou D iv 1st g 4 s ...1941 M-S Duldb Iron Range 1st 5s.. 1937 A-O *113 ....... Registered..................... 1937 A-O 2d 6s....................... J -J Dul So Shore d A t l g 5s.. 1937 J-J b Jast ot Minn See St P M d M b -last Ten V a db Ga S ee S Elgin Jol d East 1st g 5s. 1941 M-N 1 1 4 4 ....... b !E liz L ex db B San See C db O iE lm C ortdbN o See Leh d N Y b Erie 1st ext gold 4s........... 1947 M-N ....... 121 M-S 121%123 M-S 116%....... A-O 1214123 J-D 1 0 8 4 ....... M-S * ....... 1404 M-S J-J 100 Sale J-J 1st consol gen lien g 4s. J-J 894 Sale J-J Penn coll tr g F-A 954 Sale J-D 132 ....... J-J Small. J-J M-N 1 2 3 4 ....... A-O 1 0 5 4 ....... Lon g Doc* A-O M-N 113 ....... J-J M-N A-O 1154117 J-J ....... 119 2d gold 4 4 s ................ 193*; F-A F-A 109%....... M-N 1 1 5 4 ....... M-N J-D 110 ....... ;Erie db Pitts See Penn Co F-A iEureka Springs 1st g 6s.. 1( Evansville db Terre Haute J-J 1 2 2 4 ....... A-O 1094 Sale M t Vernon 1st £ A-O 112 ....... A-O 101 ....... Sull Co Branch : J-J 1 0 8 4 ....... Cm D I H iK I ) con gol a t 7 a ... 1905 W eeK’ s Range or L a s t S a le H ig h *i S Range Year 11)01 No Low H ig h , 103 Jan ’00 1114 Dec *01 .... 11141114 113 Oct ’00 114 D ec’01 .... 1124 i l f i 1024 103% 99 Jan ’01 1044 Dec *01 103 4 Deo’Ol 99 May'99 100 J ’ne’Ol H3 N ov’99 24 101 .... 99 984 .... 102 1054 99 1044 105% .... 100 100 105 Nov'Ol .... 104 i06 ... ... . . . . . . . . .... 115 4 Oct *01 113% 1154 i 130 138 134 4 1344 1854 D ec’01 .... 133 138 4 1044 N o v’Ol .... 10441044 984 994 77 774 115 N o v ’Ol 6 65 95 100 4 45 4 794 115 115 1294 May’01 .... 12941304 824 82% 91 834 131 834 13 924 130 78 77 83 874 874 904 BONDS N. Y. STOCK E X C H A N G E W eek ending J an . I H I 1st gold 3s s te rlin g ........1951 Registered..................1951 Coll Trust gold 4s.........1952 Registered.................. 1952 L N O d Tex gold 4s___1953 b Registered.................. 1953 Cairo B ridge gold 4s___1950 St Louis D iv gold 3s___ 1951 147 4 Dec *01 149 A ug’01 1144 D ec’Ol 122 J ’lie’99 110% D ec’Ol 1094 N o v’Ol 152 Oct *01 151 J a n ’01 — — 11741234 1364140 13641404 1 .... .... — 1334137 11841194 10441044 116 117% .... 14541474 .... 149 150 .... 1144117 .... ___ ___ .... 11041114 10941124 1504 153 4 151 151 101 1014 133 100 24 108 111 112 1104 D ec’Ol .... 107 894 111 90 F e b ’01 — 102 J ’l y ’Ol 904 Dec *01 30 334 864 J a n ’02 94 95 113 D ec’Ol 115 113 894 96 108 4 1 H .... 102 102 .... 85 93 191 29 354 .... 85 874 3 934 95 ___ 1104116 D ec’Ol .... 112 116 D ec’Ol .... 1124113 115 N o v ’Ol 121 121 U 1 J ’l y ’Ol 121 121 108 N o v ’Ol 1404 141 137 N o v ’Ol 994 100 99 A u g’01 89% 89% 95 133 10 1044 1144 1134 115 1194 119 121 111 118 1234124 107 108 139 1434 .... 1354137 142 954101% ___ 99 99 378 82% 914 i .... 5 .... 6 954 193 924 964 5 13641364 133 1234 1234 106 Jan ’02 137 N o v’ Ol 2 116 .... 105 .... 137 1234 108 140 Gold 3 4 s.....................1951 Registered............... 1951 Spring D iv 1st g 3 4 s ... 1951 Western lanes 1st g 4s.. 1951 Registered.................. 1951 B ellev db Car 1st 6s......1923 Carl) d Shaw 1st g 4s. ..1932 b Chic St L < f c N O g 5s... 1951 Registered.................. 1951 Gold 3 4 s.....................1951 Registered............... 1951 Memph D iv 1st g 4 s ... 1951 Registered............... 1951 St L Sou 1st gu g 4s___1931 Ind B1 d W est See C C C d St I b b Ind Dec d W 1st g 5s......193f b 1st guar gold 5s..............193£ Ind 1 d la 1st g 4s....... 1950 11 b In t < Great N or 1st g 6s.. 1919 fc 2d gold 5s...................... 1909 3d gold 48...................... 1921 Iow a Central 1st gold 5s.. 1938 Refunding g 4s............. 1951 Jefferson R R See Erie al A d G R See L S & M S b an db Mich See Tol d O C b K C F t S d M S eeS tL d b S F b K C & M R & B 1st gu g 5s. 1929 Kan C d Pacific See M K db T b Kan City Sou 1st gold 3s.. 1950 Registered.....................1950 Kansas Mid See St L db S E Kentucky Cent See L < N fc Keok d Des Mo See C R I & P b Knoxville Ohio See So R y ake Erie & W 1st g 5s_. 19*37 2d gold 5s................... 1941 North Ohio 1st gu g 5s.. 1945 L Sho d Mich S See N Y Cent b Lehigh V a l (Pa) coll g os.1997 Registered 5s................ 1997 Leh V a l N Y 1st gu g 4 4s. 1940 Registered.....................1940 Leh v Ter R y 1st gu g 5s. 1941 Registered.....................1941 Leli V Coal Co 1st gu g 5s. 1933 Registered.....................1933 Leh d N Y 1st guar g 4s.. 1945 b Registered.....................1945 E l C & N 1st g 1st pf 6s. 1914 Gold guar 5s............... 1914 Leh & Hud R See Cent of N J Leh d W ilkesb S ee Cent of N J b Leroy d Caney V a l S ee M o P b Long Dock See Erie Long Island 1st con g 5s. M931 1st consol gold 4s....... M931 L 1184 Aug’ 01 .... 1184121 109 Oct ’98 6 115 118% 1154 116 1174 D ec’Ol .... 111 119 94 Feh ’01 94 94 110 D e c ’Ol ___ 100 1104 _ 1154H 54 1154 N o v’Ol 110 Gold os. 65 N o v’97 1254 D ec’Ol 1084 1094 114 1074112 123 34 107 126 111 A u g’01 .... 108 P r ic e F r id a y J a n . 10 H id A s k Low J • J v105 J J J-J 105 108 J-J .) D 1074 Sale J-J A-O J-J J-J J-J 104 109 W e e k 's h u m jr OT L a s t S a le 100 H ig h No 105 Mar’98 .... 1074 1084 182 89 4 D ec’Ol .... 964 Range Year 1001 Low H ig h Sep ’00 103 1044 103 08 4 N ov’00 ....... 109 D ec’Ol 96 4 Sale L Oo cqco 764 i i 1 67 92 3 101 105 109 109 95 101 96% 866 J-J 1074 Sale 1074 1074 31 1034110 j .j A O *105 ....... 104 Oct ’01 .... 104 1064 J-J J -J J-J J -J M- 8 M- 8 A-O A-O M-N \ -N 1 j .p J-J J-J F-A J-J j .j J-J J-J J -J F-A F-A J-I) M- S J-D J-D J-D J -D J-D J-D M-S J-J J -J J-J M-N M-S M-S J-D M-S 1154 A p r ’01 11541154 113 »• Mar’00 > ....... 1074 106 D ec’Ol .... 104 1074 102 4 A pr *98 *1 0 6 4 ....... 104% Oct ’01 .... 104 106 102 O c t’01 .... 102 102 6 102 106 1054 105 4 98 Jan *00 *113 ....... * ....... 101 1024 N o v’Ol .... 1004103 1 2 1 4 ....... 123 May *99 904 A p r ’01 .... 90 91 1014 A u g’01 .... 10141024 ...... 101 % Oct ’99 .... 100 N o v’O O 114%....... 1144 Jail ’02 ___ 11241154 124 May’01 90 N o v’98 ...... - 130 D ec’Ol 124 S ep ’01 * 9 7 4 ....... 1014 Oct ’01 i28 .... 124 124 .... 126 130 ___ 123%124 ___ 10141014 1074 i o i o c t *bi .... 106 1074 105 D ec’Ol .... 105 105 1 0 5 4 ....... 109 N o v’Ol .... 105 109 *105 104 107 100 4 D cc’Ol 1234 12341264 123 1004 Sale 1004 1004 75 75 75 Sale 117 Sale 1164 1174 95 95 ....... 95 .... 98% 1004 3 123 128 5 96 103 2 65 80 10 1154119 1 94 94 K Ferry gold 4 4 s ..............1922 Gold 4s.......................... 1932 Unified gold 4 s ..............1949 Debenture gold 5s.........1934 Bklyn d Mout 1st g 6s.. 1911 b ls t 5 s .......................... 1911 N Y B & M B 1st con g 5s 193 N Y db R B 1st g 5s......1927 N o r Sli B 1st con g gu5s ol 932 D ec’Ol — 'T S co£ io ^ io ^argo d Ho See Oh M d St 1 b b lintdb PereM See Peru Mai Ela Cen d Pen la t g 5s... 1918 b 1st land gr ext gold 5s.. 1930 Consol gold os.............. 1943 Fort St U D Co 1st g 14s. 1911 Ft W d Den C 1st g 6s ... .1921 b Ft W & Rio Gr 1st g 3-4a. 1928 / ini Har db 8 A See So Pac Co * Xal H d 1 of 1882 1st 5a. 1913 b 1 Ga d A tl R y 1st con 5s. .o 194£ b Ga Car d No 1st gu g 5s.. 1929 b Georgia Pacific See So Ry Gila V G d N or See So Pac Co b Gouv d Oswegat See N Y Cent b Grand Rap d Ind See Penn Co b Gray’s P t Term See S t L S W Gt N or—C B d Q coll l r 4s 1921 b Greenbrier Ry See d ie s d O b an d St Jo See C B d Q b b ousatonio See N Y N 1 d H 1 b Hock Val 1stconsol g 4 4s. 1999 Registered.................... 1999 Col db 1 V 1st ext g 4s.. 1948 1 If oust Pi d W T ex See So Pac b II oust tfc T ex Cen See So Pac Co llinois Central 1st g 4 a ..1951 Registered.................. 1951 1st gold 3 4 s .................. 1951 Registered.................. 1951 Louisville D iv gold 34s. 1953 Registered.................. 1953 Midland D ivreg 5s....... 1921 1184 N o v’Ol 138 O c t ’01 139 N o v ’Ol 140 Oct *98 1334 133 4 1194 J ’l y ’Ol 1044 D ec’01 116 D ec’Ol [V o l . LX X IV . .1937 Coll trust gold 5s.......... 1931 Coll trust 5-20 g 4s. 1903Cecilian Branch 7s....... E H Nash 1st g 6s---L Cin d L ex gold 4 4 s .. .1931 b il.4 A-O A-O A-O J-J J-J A-O M-N M-N J-J J-J A-O A-O J-J J-J M-S M-S A-O A-O Q-J O-J J-D M-S J-D M-S J-D M-S M-S A-O M-S Q-J J-D M-N J-J J-J M-N A-O M-S J-D M-N J-J 72 Sale 85 714 72 634 Oct. ’00 1204 Sale 114 1204 1204 1184 N o v’Ol 113 ....... 113 109 Sale 109 109 108 1104 110% N o v’Ol 1 0 6 4 ....... 1084 N o v’Ol 1184 Oct ’0] 109 Oct ’99 *1 0 6 4 ....... 109 ~ J’ne’01 97 116 * 97 119 100 N o v ’Ol 664 724 13 11841244 117 120 1 110 1154 ______ 1 11041104 . . . . 1084111% 1084111 11441184 . . . . 109 109 . . . . 95 100 7 121 123 . . . . . . . . 101 % Sep ’99 1 2 1 4 ....... 1214 1214 i o i 1024 102 Jan ’02 1 0 1 4 ....... 105 J ’ne’01 100 O c t’00 99 100 99 100 95 F e b ’01 * ....... 1104 ....... 1104 i0 9 4 J’ne’b i 114 117L 107 J a n ’99 1124 Sale 1124 1124 It 2*o 113 D ec’00 118%119 1184 1184 113 ....... 114 S op ’01 101 Salt 101 1014 100 100 113 N o v ’Ol 113 ....... 101 101 Sale 101 106 D ec’00 i i s % i i 6 4 113 4 D ec’01 103 Jan’98 1284 Jan *02 . . . . 10 __ 100 105 1024105 97 95 101 95 1094110 1 24 112 121 111 1144 14 994 1044 10 11041144 30 99 102 __ 113 116 . . . . iso is i4 M IS C E L L A N E O U S B O N D S —Continued on N ext P a ge , d a s and E lectric L ig h t jCh G L C Co See P G d C Co b Columbus Gas 1st g 5s___1932 J-J Conn R y d L S ee Street R y b Con Gas Co See P G d C Co b Detroit City Gas g 5s....... 1923 J-J 93 Sale 93 93 7 D et Gas Co con 1st g o s ...1918 F-A 105 ....... 105 Oct ’01 .... Ed E l 1 1 Bkn See Iv C o E L d b P 1 Ed E 1 1 See N Y G d b E L H d b P 1 E q G L N Y l s t con g 5s.. 1932 M-S 119 ....... 1184 Oct ’01 .... E q G db Fuel See P G d C Co b 61 4 Oct ’01 Gasdb E lecB ergC o c g5 a.1949 J-D G r R a p G L C o 1st g OS...191C (F-A ................ 1074 D ec’00 .... K C Mo Gas Co 1st g 5s... 1922 A-O .................... .... Kings Co El L d P g 5s... 1937 A-O b 1244 D ee’01 Purchase money 6s....... 1997 A-O i ’2 ’4” Ed El II Bkn 1st con g 4s 1939 J-.T 97 97 ....... 97 5 Lac Gas L o fS t L 1st g 5s.tfl919 Q-F 110 Sale 109 110 M ut Fuel Gas Co S ee Peop Gas No price Friday, latest bid and asked tms week, a Due Jan G as and E lectric L ig h t Newark Cons Gas con g os 1918 N Y G PI L H d P g os. ..1948 b Purchase money g 4s. ..1949 Ed El i l l 1st conv g os.. 1910 1st consol gold5s.......1995 94 103 NYdbQEl LdbP 1st con gosl930 102 106 Paterson d P G d E g 5s. 1949 b b Peo Gas d C 1st gu g 6s.. 1904 b 2d guar gold 6s............ 1904 11841184 1st con gold 6s............. 1943 Refunding gold5s........19 IT 6141024 t li G-L d Cke 1st gu g os 193 < b ................. ( ’on G Co of Oh 1st gu g 5s.*36 Eq G d F Oh 1st gu g 6s. 1905 b M u Fuel Gas 1st gu g ns. 194 7 1234 1264 Trenton G db El 1st g 5s.. 19 19 96 97 4 V t ion E L d P 1st s 1 g 5s. 1950 b 107 110 Western i ins Co col tr g os 191 d Duo Apr a Duo Maj h DuoJ Ij k 1124114 11 2 4 1124 9 7 4 Sale 97 974 1 07% ........ 107% 107% 120 ........ 121 4 A p r ’01 1044 Sale 1044 1044 107 10 IO84116 66, 94% 9 8 4 1 105 1094 121 1214 52 102 104 *u .... j ’i v ’bo 1 0 1 4 ........ 102% J ’no’ 0.1 ....| 1024104 121 ........ 123 126 3 120 126 106 Dec *98 ........i i o 109 4 1094 15: 1OS 111 4 .1 1044 110 107 108 108 D e o ’0 .j 102 1054 103 Sale 103 108 102 100 105 106 105 105 (M 109 109 ........ 108 109 Fob *01 Duo Aug e Duo Out 107 4 Jau 01 ..,,1 l o v 4 t o ; 4 c Du© Doo oOpUouoolo Bond Record—Continued—Page 3 J a n u a r y 11, 1902. | BONDS N . Y . STO C K E X C H A N G E W eicjc E n d i n g J a n . 10 $.2 3$ P rice F rid a y Jan. Jo Week's Range or Last Sale £ o / ig/i J\o / A sk Low Bid Xiouisv < N ashv-- ( Continued) fc 120 N ov’ Ol N O tfc M! ‘2d gold 0 «...... 1000 J-J 120 115 Doo *00 P en sa co laD iv g o ld 0 s... 1920 M'S 1 12 1.24 V D oc’01 S t L D iv 1st gold 0s....... 1921 M-S 124 73 *2 A u g’01 2d.gold 3 s ..................1980 M-S 113 N o v ’99 H en aer B dge 1st s f g 0s. 1031 M-S 99 J a n ’ 02 s 1 K entucky Con I gold I s . . 1987 .1 J 1 10 V M a r ’OT U N ( t M A M 1st g 4 Vs 1045 M-S 110 111 A u g ’Ol N F la cfc S 1st gu g 5 s... 1937 F-A 114 Pens & A t l 1st gu g 6s.. 1921 F A 112 •i........ 114*4 N o v ’ Ol 115 D eo'01 S A N A la con gu g 5s.. 1930 F-A Sink fund gold 6s........1910 A-O lo o M a r ’01 I j & J eff Bdge Co gu g 4 s.. 1945 M-S 100% L N A A Cli JSee O I & L alion Coal See L S < M S fc anliattan R y consol4s. 1990 A-O 105*4 Sale 105*2 1053i 34 106*4 May’ 01 R egistered................1990 A-O 113*8 113*2 *8 M etropol E l 1st g 0s----1908 J-J 113” i i T M a n s w Coloniz g 5 s....1934 J-D M c K ’pt & B V See N Y Cent M etropolitan E l See M an R y 82 83*2 223 82 *2 Sale JVIex Cent consol gold 4s.. 1911 J-J 32 33*2 S78 32 Sale 1st consol income g 3s.al939 P ly 22*2 Sale 21*4 23 139 2d consol income g 3 s..al939 J ’ly Equip & coll gold 5s...... 1917 A-O 2d series gold 5s......... 1919 A-O 90% J ’ly ’01 M e x In te rn a l 1st con g 4s. 1977 M-S 100 100*2 100*2 M e x N a t 1st 6s ctfs dep..l927 100 99*4 D ec ’ 01 Ctfs of dep 2d in c6 s A.&1917 34 34 D e c ’ 01 Ctfs of dep 2d inc 0s B.&1917 105 May’ 00 M e x N orth 1st gold 6s----1910 J-D 100 M ich Cent See N Y Cent M id of N J See E rie M ilL S A W See Chic & N W M il & Mad See Chic & N W M il & N orth See Ch M & St P M inn & St L 1st gold 7s..1927 J-D 147 147*2 147*2 147*2 Io w a E x 1st gold 7s...... 1909 J-D 117*2.... 119 D e c ’01 123*2 A p r ’01 Pacific E x 1st gold 6s... 1921 A-O 125 . . . . South W e st E x 1st g 7s. 1910 J-D 117*2.... 122*2 F e b ’ 01 3 1st consol gold 5s...........1934 M-N 120*2122 120*2 120*2 104*4 43 1st and refund gold 4 s.. 1949 M-S 103*8105 104 M in n & St L gu SeeB C E A N M & P 1st 5s stpd 4s in t gu 1936 J-J M S S M A A 1st g 4 in t gu 1926 J-J ........ 101*4 103 N o v ’Ol 95 .... 98 A p r ’ 01 M S tP < fc S S M c o n g 4 in tg u ’ 38 J-J M in n U n See St P M <feM 98*8 Sale 98 98*2 92 M o K an & T e x 1st g 4 s ...1990 J-D 83*2 Sale 83*2 83 7 116 S 2d gold 4s......................#1990 F-A 103*4 43 1st ex t gold 5s................1944 M-N 103*2 Sale 103 98 Sep ’ 01 D al & W a 1st gn g 5s. ..1940 M-N 101*2 ........ 90 D e c ’ 01 K a n C & Pac 1st g 4 s... 1990 M-S * ........ 91 M K & T of T 1st g u g 58.1942 J-D *105 ...... 105*2 105*o 10 69 SheTSh& So 1st g u g 5s. 1943 F-A 105 Sale 101*2 105 T e b o & Neosho 1st 7s... 1903 J-D 111 D e c ’ 01 M o K & E 1st gu g 5s...... 1942 A-O M issouri Pacific 3d 7s...... 1906 M-N 114 115 114*4 114*4 14 1st consol gold 6s...........1920 M-N ........124 123*2 124 T ru st gold 5s stam ped.al917 M-S 107 Sale 107 107*2 22 R e g is te re d ................al917 M-S 1st coll gold 5s................1920 F-A 108 109 108*4 108*4 20 R egistered...................1920 F-A 91 . . . . 91 N o v ’ Ol Cent B r R y 1st gu g 4s. 1919 F-A L e r o y & C V A L l s t g S s 1926 J-J 102 105 100 M ay’01 P a c R of M o 1st ex g 4s.1938 F-A 106*4 107*4 106*4 D e c ’ 01 2d extended gold 5s... 1938 J-J 113 115 115*2 N o v ’ Ol 15 St L I r M<fc Sgen con g 5sl931 A-O 117*2118 117*4 118 Gen con stamp g td g 5s 1931 A-O 116 118 115*2 D e c ’ 01 69 93*4 Sale U n ified & r e f gold 4s.. 1929 J-J 94 92*4 R egistered ................1929 J-J 98 V erd i V I A W 1st g 5S.1926 M-S M iss R iv B ridge See Chic & A lt M ob & Birm prior lien g 5s 1945 J-J 109 110*4 J’l y ’00 M ortgage gold 4s...........1945 J-J 90 95 Mob Jack & K C 1st g 5s.1946 J-D 10 M ob & Ohio new gold 6s.. 1927 J-D 129*2131*4 130 130 1st extension gold 6s..7tl927 Q-J 125 N o v ’Ol G eneral gold 4s.............. 1938 M-S 97 D e c ’ 01 M o n tg o m D iv 1st g 5s..1947 F-A 116 115 D e c ’ Oi S t L & Cairo gu g 4s___ 1931 J-J *101 99 Oct ’ 01 Collateral g 4s...........e l 930 Q-F 95*4 N o v ’ Ol M ohaw k < M ai See N Y C & H fc Monongahela R iv See B & O M ont Cent See St P M & M M organ’ s L a < T See S P Co & M orris & Essex See D el L & W A T ash Chat 6 b St L 1st 7s.1913 J-J 126*4 127 126*4 126*4 1st consol gold 5s........1928 A-O 114 115 114 114 Jasper Branch 1st g 6s.. 1923 J-J 113 D e c ’99 M cM M W A A 1 1st 6 s ..1917 J-J 116*4 T & P Branch 1st 6 s ....1917 J-J 111 D e c ’ 99 Nash Elor < Shef See L < N fc & N e w H & D iS'eeN Y N H & H N J June R R See N Y Cent N e w < Cin B dge See Penn Co & • N O & N E prior lien g 6s »1915 A-O N Y B kln & Man Bch See L J N Y Cent & J1 R 1st 7s. ..190 J-J 102*2103 106*8 D e c ’ 01 R egistered................... 1903 J-J 102*4 D e c ’ Oi G old m ortgage 3 V s ....... 199 J-J io s 110 D e c ’ 01 R egistered................... 1997 J-J 109 *2 May’ 01 Debenture 5s of. ..1884-1904 M-S 103% Sale 1037 103 7 8 8 R egistered......... 1884-1904 M-S 103*2...... 103*2 103*2 R eg ist deb 5s o f... 1889-1904 M-S 99*4...... . 109*2 Sep ’97 Debenture g 4 s ___1890-1905 J-D 100*2 ........ 103 *8 A p r ’ 01 R egistered......... 1890-1905 J-D 100*4 100*4 D eb t certs ex t g 4s........1905 M-N 100*4 100*2 J a n ’ 02 R egistered ...................1905 M-N 100% N o v ’Ol L a k e Shore coll g 3 V s ... 1998 F-A 97*2 98 61 97*2 98 R egistered...................1998 F-A 95*2 Sale 15 95*2 96 M ich Cent coll g 3 V s ___1998 F-A 95% 96*4 95% d a n ’ 02 R egistered...................1998 F-A 94 94 94 Sale io Beech Creek 1st gu g 4s. 1936 J-J ...... 113*2 111*4 Sep ’ 01 R egistered...................1936 J-J 106 J ’ne’98 2d gu gold os............. 1936 J-J 117*2 Cart & A d 1 st gu g 4 s...1981 J-D Clearfield Bitum coal Corp— 1st s f int gu g 4s ser A 1940 J-J * 92 95 92 *2 D e c ’ 01 Gouv & Os we 1stgu g 5s 1942 J-D * .......................... 112*2 M Range Year 1901 Low i 19'*. High 120 L24*i 120*4 73*i 73 *a 90*i 1.02 I IOC J 12 1 1 1 115 1 1 *2 I I 7 1 110 J 1.5*2 100 100 102 107 105*i 105*4 114 117*2 80*2 90 26 38*4 13 27 82*4 91*8 100 101*4 97 100*4 33*2 34*2 147*2147*2 119 122*2 123*2 123*2 122*2122*2 116*2 121*4 97 105 98 98 103*2 98 96*4 100% 75 87 97 106 98 100 87*2 91*4 96 108 99*4105 7 8 107 111*2 114 117 119*2125% 100*2109*2 103 110 89*2 91 100 100 105 107 113 115*2 114 119 114*2116*2 84*4 96*4 127*2132 121 130 87*2 97 110 116*4 99 101*2 95*4 95*4 126*2 130 111 116 BONDS N. Y . STOCK E X C H A N G E W icicic E nding J a n . 10 85 'e r .2 < ► -.V p ric e F rid a y Jan. 10 tyeeWe | 1 £ ,z I Range or La fit Sate -C'O Range Year 1901 B id A hIc Low H igh Ao Low H ig h N YCentA-j II R —( Continued) Moli & M ai 1st gu g 4h. . 199 I M S ........112 V J07 V J Ty ’00 j 10% D ec’O J I ncomeOw.......... ...... I 992 Hop 99*4 X 10*4 J N J «Juiic R gu 1st 4 s... 1986 F-A 105 V ....... 108 D e c ’O .... 108 J08 Registered ..................1986 F-A 104 V 105 V N Y tC J9i 1st con gu g 4 h 1.993 A O n o e v ........ 105 V N o v ’Ol N or i\ Mont 1stg u g 5h. 19 I 6 A-O . . . . . . . . . . . . . . . . . . . . . . . . . . c 6 111 i j o v W est Shore 1st 4s g u .. .2361 J-J 1 12 V 1J3 J 12 V 113 0 1 10 VJ J5 V R egistered..................2361 J-J J12 V Hale 112V XI 2 V Lake Shore consol 2d 7s. 1903 J D 107 V Halo 107 V 107 V 20 107 % J 13 R egistered................... 1903 .1 D 107 V ........ J07 V D e e ’01 107% J 11 4 107 V I U V Gold 3V s ......................1997 J-D 108 V ....... J08*4 108*4 J 10 T V r’O I U R egistered ... .......... 1997 .1.1) 117 117% D ot Mon cfcTol 1st 7s. 1906 F-A *115*4........ 117% May’01 K a A So U R 1Stgu c 5s. 1938 J J 128 j ’no’iil i 28 J28 Mahon QT R R 1st 5s.. 1934 J-J J 146% 146% P itts M c K & Y 181 gu 6s 19:12 J-J j 39 ........ 146*8 A p r ’O 2d gu ards....................J934 J - J 130 ___ M c K e e s * B V lstg O s 1918 J-J 125 ........ 2 io i % ioo% 101% Mich Cent 1st consol 7s. 1902 M-N J O L T ........ ioi*4 1st consol 5s............... J902 M-N 100% ....... 100 V N o v ’Ol .... 100*4 103*4 6s................................. 1909 M-S 118% ........ 118% D eo ’01 .... 1 18% J 19 5s..................................1931 M-S 131% ........ 13 J A u g ’01 .... 127 131% 125 O c t ’01 .... 125 125 R egistered ................1931 Q-M 110 L e e ’ 01 ,110 110 4s..................................1940 j - j 106 V N o v ’ O O R egistered ................1940 J -J Bat C * Star 1st gu g 3s. 1989 J-D + . ... 93 115% M ay’O O N Y * Harlem g 3 V s . ..2000 M-N .... ___________ R egistered...................2000 M-N 1 J21 122 V N Y * N orth 1st g 5 s... 1927 A-O *120*4........ 121V 121V R W * O con 1st e x t 5s. M 922 A-O 126V ........ 125*4 126 V 13 125*4129 Oswe * R 2d gu g 5s. ,.<jl915 F-A *113 ...... 113 A p r ’ 99 R W * O T R 1st gu g 5s. 1918 M-N U t i c a * B lk R iv g u g 4s. 1922 J-J 108 V ........ l l O V N o v ’ Ol .... jio *4 i i o v 16 J06 109*8 N Y C h i c * St L 1st g 4s. 1937 A-O 107 V Hale 107*4 108 107 D e c ’01 .... 105 107 R egistered......................1937 A O N Y * G reenw Lake See E rie N Y * H a r See N Y C * Hud N Y Lack * W See D L * W N Y L E * W See E rie N Y * L o n g B r See Cent of N J N Y * N E See N Y N H * H 100 D e c ’01 100 102 N Y N H * H ar 1st reg 4s.1903 J-D Convert deb certs $1,000...... A-O 204 ........ 206 D e c ’01 .... 196 206 204 V Sale 204 V 204 V 10 195 203 Small certs $100............... . Housatonic R con g 5s.. 1937 M-N 135 ........ 134% J’l y ’01 .... 134 136 N H * D erby con g 5s.. 1918 M-N 114 J a n ’ 00 N Y & N E 1st 7s......... 1905 J -J 1 108 110 8 1st 6s............................1905 J-J 1067 Sale 106% 106% N Y * N orth See N Y C * H N Y O * W r e f 1st g 4 s ..#1992 M-S 104 105 104V 105*4 32 101V 108 101V N o v ’ 98 R egis $5,000 on ly....... g 1992 M-S N Y * P u t See N Y C * H N Y * R B See L o n g Island N Y S & W See E rie 1 N Y T e x & M See So Pac Co 110*4 H 2 V N o r & South 1st g 5 s ........1941 M-N 111 ...... . 112*4 J’l y ’ 01 N o r f * W est gen g 6s...... 1931 M-N 134 ........ 134 D e c ’ 01 .... 132 136 Im provem ’t & ex t g 6s.. 1934 F-A 130 ........ 131 Oct ’01 .... 129 V 133 V N e w R iv e r 1st g 6s...... 1932 A-O 132 ........ 131*4 O c t ’ 01 __ 131 134 103 260 99 V 104 N * W R y 1st con g 4s. 1996 A-O 102% Sale 102 103 N o v ’ Ol .... 103 103 R egistered...................1996 A-O C C & T 1st gu g 5s........ 1922 J-J 106 ........ 107 V J ’l y ’ 01 .... 107 V 107 V 13 99 104 101V 102 Scio V * N E 1st g u g 4s 1989 M-N N o rth Illin ois See Chi * N W N orth Ohio See L E rie & W Northern Pacific— P rio r lien r y & 1 g r g 4s. 1997 Q-J 104*4 Sale 104*4 104V 56 103 106 104 J a n ’ 02 __ 103 V 105% R egistered................... 1997 Q-J 74 Sale 73*4 74*4 241 69V 73% General lien gold 3s___ a2047 Q-F 72 72 3 69 72% R e g is te re d ..............,a2047 Q-F C B * Q c o lltr 4s See Gt> N o r St Paul-Dul D iv g 4s___ 1996 J-D * ........100 100*4 i o o v 18 99*4 102 R egistered...................1996 J-D St P & N P gen g 6s___1923 F-A 130 ........ 130 V D e c ’ 01 __ 128 131V 132 J ’l y ’ 99 R egistered certific’s.,1923 Q-F 122V 122V St Paul * D ul 1st 5s___1931 F-A 121 ........ 122 V F e b ’ 01 110%117 2d 5 s ............................1917 A-O 110 ........ 114 N o v ’Ol 100 100 1st consol gold 4s........1968 J-D 100 ........ 100 D e c ’01 94% D e c ’ 01 . . . _ 94% 94% W ash Cent 1st g 4 s ........1948 Q-M 92V 96 115% 119 N o r P ac T e r Co 1st g 6s.. 1933 J-J 114*4........ 117 V Dec ’ 01 N o r R y Cal See So Pac N o r W is See St P M * O N o r * M ont See N Y Cent J In d & W See C C C & S 112 112V 112 V J’ne’01 hio R iv e r R R 1st g 5s J 936 J-D 95 D eo’00 General gold 5s.............. 1937 A-O 106 110 Ore & Cal See So P ac Co Ore R y * N a v See U n Pac Ore Short L in e See U n Pac Oswego * Rome See N Y C O C F * St P See C * N W 112 2 108 113 ac Coast Co 1st g 5s___ 1946 J-D 112 ........ 112 ac of M issouri See M o Pac 102 105 Panama 1st s fund g 4 V s.. 1917 A-O 103 104 103*4 D e c ’Oi 101 D e c ’00 Sink fund subsidy g 6s.. 1910 M-N 112 3 1.12 115*4 Penn Co gu 1st g 4 V s ...... 1921 J-J 112 Sale 112 R egistered...................... 1921 J-J 111 V Sale 111V 111V 12 110 V 114V 102 N o v ’98 Guar 3 Vs coll trust reg. 1937 M-S Guar 3 Vs coll tr ser B ... 19 41 99 100V 99 Jan ’ 02 121*4 126% 123 D e c ’01 C St L * P 1st con g 5s. 1932 A-O R egistered ...................1932 A-O 121 Oct ’ 00 Cl * P g e n g u g 4 Vs ser A . *42 J-J 120 Series B ....................... 1942 A O 121*4........ Series C 3 V s ................ 1948 M-N 104 ........ Series D 3 V s................1950 F-A 105 ........ E r i e * P itts g u g 3 Vs B.1940 J-J 102 ...... 102 N o v ’O O Series C ....................... 1940 J-J N * C Bdge gen gu g 4 Vs 1945 J-J 110 ... P 0 C * St L gu 4 Vs A ... 1940 A-O 115 V ........ 115 D e c ’01 114 118 5 113 117*4 S eries B gu a r.............. 1942 A-O 1 1 5 V ........ 115 V 115 V Series C guar.............. 1942 M-N 115 ........ 116 V F e b ’01 110 V H 6 V Series D 4s guar......... 1945 M-N 100*4 N o v ’Ol 106*4 106*.i 97 May’ 01 97 99% Series E 3 V guar g ___1949 F-A o 132 V 1 3 6 V P itts F t W * C 1st 7s... 1912 J-J 130 Sale 130 130 2d 7s............................. 1912 J-J 130 ........ 132 V Dec ’01 132 V 136*4 3d 7s.......................... hl912 A-O * J29 ........ 130 A p r ’ 01 ... 128*4 136% Penn R R 1st real est g4s. 1923 M-N 109 ........ 109 V N o v ’Ol ... 109 V 109 V Consol sterling g 6s...... 1905 J-J O P 104*2108 102*4 107% 107 V. 110*4 109 V 109 V 101 106V 103 106*4 102*4 1 0 4 78 99 7 102*4 8 100 103*8 100*8 100*8 95 94 93 7 a 96 111 99 97 V 97 V 97 112*8 92*2 92V M IS C E L L A N E O U S BO NDS—Continued on Next Page Telegraph and Telephone A m T elep * T e l coll tr 4s 1929 J J Comm Cable Co 1st g 4 s ..2397 Q-J Reg) stored..................... 2397 E rie T * T col tr g s f 5s.! 1926 f . i M e t T * T Jst h f g 5s...... 1918 M-N M ut Un Tel Co See Westn U / » N '/ * N J T el gen g 5s.. 1920 M-N N o West n Tel eg See W est Un W e s t Union col tr cor 5s. J938 J-J 10 am) real est g 4 V s ...1950 M-N M u t Un T e l slum ) 6S...19J J M-N N orth western T e l 7 s ....1904 J-J Coal and Iron Cali Coal Min See T O X * K Clea ft' liit Cos 1 See N Y C * H Col 0 * J *\z I i st eon g 6s. J902 F-A Col C * f L e y Co gu g 5s. J909 J-J ^ Coal ami Iron Col Fuel Co gen gold 6s... 1919 100 V M ay’01 100V100V Col F * I Co gen s f g 5s.. 1943 100V Oct ’00 De Bardel C * I See T C * 1 109 Oct ’ 99 G r R iv Coal * C 1st g 6 s .. 1919 114 114 114 N o v ’ Oi J eff * Clear C * 1 1st g 5s. 1926 2d gold 5s.......................) 926 113*4 117 113*4 Oct ’ 01 Pleas V a l Coal 1st g s f 5s. 1928 R o c li* P i t C * J pur m 5s. 1946 112*4 Hale 112V 112*4 12 111 115% Sun Ck Coal 1st g s f 6 s.. .1912 108 .Sale 108 108*4 18 105 V109 V Tenn Coal T Div 1st gOs.a 19 17 5 111 116 Birm D iv 1st consol Os.. 1917 113*4 113*4 Cah C M Co 1st gu g 6s. 1922 B e Bar C * 1 Co gu g 6s. 1910 W h L E * P C Co 1st g 5s. 1919 10 j X >r,oe Friday; latest bid and asked this week, Sep ’ 01 N o v ’OO a Due Jan M-N 105 V ........ 106*4 F e b ’01 106*4 106*4 106 ” 2 96*4 108 F-A * 105 V 106 106 A-O J-D J -1 > J-J M-N J-D A-O J-J J-D F-A J-J 106 V ........ 95% Jan ’97 104 ........ 107 M ay’97 80 M ay’97 . . . . . . . . . . . . 105 Oct ’00 ................... ...................... — ................. . . . . . . . . . . . . . . .... . . . . . . . . . . . . ••• 107 V ........ 108 109 V ........ 109 105 103 ........ 103 32 D e c ’01 109 F e b ’00 103% Jan ’00 M a n u fa ctu rin g * Indu strial Airier B icycle s fde'bcn 5s 1919 M-S 50 67 V 60 A m Cot 0)1 ex t 4 V s ......... 19 J5 Q-F ........100 V 100 e Due May o J m o . j ’nr 11 Due J ’ ly # Du© N o v 8 Option sah Jan ’ 02 Dee ’01 101 104 V KM 110 112 100 104 V d 105 m 55 9!) 82 102 BONDS N . Y. S T U C K E X C H A N G E j V KkK LMJLNU J AN. 10 V | J*r 1 ce FYidau J tin. 10 Hid Cou cu iicn cy 6a t e g ...y 1905 Q-M <*,,1.^.0 m ,U ctA | 19 19 \f 5 CuJtaol gold 4S...............194.- vi •N V 8 I Cl ou Alar 1st mi t f 4Sjs..1935 Vl-N F A Gr U iv t u Lsi gug4SdS 1941 J - J buu ^ Lew is 1st g 4ft... 1936 J-J U N J UR S Cuu gen 4s. 1944 (V 3 a It'i . ok U u 1st g 6S....1921 2tl u*. i1 4 SiS.................. 51921 1 P e n aL i I'i ^ t1 1 At g 6s. 19*20 — ’ * 1st consul gold 5s........1939 Pi Huron D iv is l g 5». 1935) 10 0 1 112 131% 133*2 J a n ’ 01 101 Oct ’00 127 F e b ’ Oi ........ II334 Dec ’01 Ll 13« N o v ’ 01 L37 kern ye Year Hi g h JS'o I Luiv klLyh . . . . . . .. . . . . 10*2 N o v ’9 7 L1*2,4 M ar’00 L07 ........ ........ 112 J a n '01 Ill luo ........ O 118*2 .. . . . . L17 May’ O Q F *130 M-N AO VI-N n i l A -O P ills J unc 1st gold 6s...... 19*22 J - J Week’s lr 1 Kanye or | Laet Sate ^ ^ j A aA Luui Pine Check le g guar 6s... L93'^ J -D P it is Cm bo L See Penn Co P itts C iev M T o l 1st g 6s.. 19*2*2 A O N o v ’97 ••■•0« 107 *2 Oct ’98 « *•• 121 ........ 120 Oct *01 J-J •••••• ........ 95 96 i J-J * 95 H 96 J -J •«•••• •••••••AO 112*2 133*4 133*2 ...... ...... 126 127 108 114*2 109 11534 •••••• 120 P ills AlcKecs e c Y See Si 1 Ceu s J P itts bli & L E 1st g 5s...194i A O 117 ........ 118*2 Sep ’ O 98 J ’l y ’97 0 *j 99 100 io i*4 o c t *oi P itts fb W est 1st g 4s...... 1911 J-J lo 1 *2 D e c ’ 01 .. .. J l* At .6 CO c c llts ................. 121 H M ar’ 01 Pitts Y *.C Ash 1st Cun os. 19*27 M-N 9 8 ‘d 98a 324 4 98% Hale 11 eaduig Co gen g 4s...... 1 • 1 J-J 92 A p r ’ 01 J *J Rensselaer A Sar See D J 1 C 1 Rich Dun See South Liy 1 Rich Aleck See Southern a 4 Kiu Ur W est 1st g 4s........1939 J-J 100h Sale 100*2 1003 48 96 D e c ’ 01 .... Consol and col trust 4s .1949 A O ........ 95 97 J a n ’02 ••• • 95 97 U tah Ceut ls i gu g 4 s .a l9 1 . A O Rio Gr J uuc 1st gu g 5s... 1939 J D 106 ........ 105 F e b ’Ul 84 N o v ’01 R io g r So 1st gold 4s........1940 J-J SI 83 91 Jan ’02 J -J Koch tte Pitts See B U & P Rome Wat tte Og See N Y Cent Rutland 1st con g 4 *->s....1941 J-J Rut-Canad 1st gu g 4 ‘as. 1949 J-J •••••• •••••• 191*4 N o v ’01 __ O a lt Lake C 1st g S 1 6s.. 1913 St Jo c s Gr 1st 1st g 3 4 s ..1947 Y St L a w Adiron l s t g os. 1996 2d gold 6s....................... 1996 St L cfc Cairo See Mob A Ohio St L Iron Mount See M P St L K C So N See Wabasli Stf I . \f Rr R k A of St I. St L db S Fran 2d g 6s Cl B 1906 2d golil 6s Class C ......... 1906 General gold 6s..............1931 [V ol. L x x r v Bond Record — Concluded— Page 4 86 15 120 11338118*2 99 101*4 98 101*2 121 121 *2 92 *2 100;}4 92 92 98*2 1033 4 93*4 96*4 90 90 105 105 80*2 85 92*2 94*4 io i* 4 io i* 4 89*2 98 5 M-N n o l i n * 111*2 111*2 110 D e c ’ 01 M-N J-J 131^2........ 131*2 131*2 15 * 1. .1 1 Iti1 20 10 98 J-J 96u ........ 96 2 1(H) J a n ’0 .... *2 A-O J-J 97 97 hi 96 7 a 973 208 4 J-J 123 *2 D e c ’ 01 M-N A-O 91*2 245 90^4 d i 1 91 4 AO 110 114*8 110 114*8 125 136L 11 * *2 1 19 2 91 *4 102 100*2 100*2 97*4 98*2 97*4 226 83 78 95*4 101*2 71 82*4 St L A : 3 F U K gold 4s.. 1996 Soiithw D iv l s t g 5 s ..1947 Refu ndin g g 4s...........1951 R e g is te re d .............. 1951 K C FiTs & M c o n g 6 s..ly2 3 K C F t S & M B y r e f g 4s 1936 R egistered.................. 1936 St Lotus So See Illin ois Cent St L S W 1st g 4s bd Ctfs.1989 M-N 2d g 4s inc bond 0 tfs...p l9 8 9 J-J G ray’ s P t T e r 1st gu g os 1947 J-D St Paul & Dul See N o r Pacific St Paul 51 & Man 2d 6s 1909 Y-O 1st consol gold 6s........... 1933 J-J R egistered.................. 1933 J-J Reduced to gold 4 *as.. 1933 J-J R e g istered ...............1933 J-J Dakota ex t gold 6s........1910 M-N M ont ex t 1st gold 4s___ 1937 J-D R egistered.................. 1937 J-D E M m n 1st div 1st g 5s.. 1903 A-O R egistered.................. 1908 A-O N o r D iv 1st gold 4s___ 1948 A-O 194.3 A-O R egistered __ M inn Union 1st g 6s___ 1922 J - j M o n tC 1st gu g 6S........1937 J-J R egistered.................. 193 < J-J 1st guar gold 5s......... 1937 J-J R egistered ................1937 J-J W illtfe S F 1st gold 5s..1933 J-D Registered.................. 1933 J-D St P & N o r Pac See N o r Pac St P A S’x C ity SeeC St P 51 AO S F e Pres & P li 1st g 5 s ... 1942 M-S S A & A P See So Pac Co S F < N P 1st sink t g 5s. 1919 J-J fc Sa v Ft f e W 1st gold 6 s .... 1934 A-O 1st gold 5s......................1934 A-O St John’ s D iv 1st g 4s... 1934 J-J A la M id 1st gu gold 5s.. 1928 M-N Bruns & W 1st gu g 4s 1938 J -J Sil Sp Oca & G gu g 4s.. 1913 J-J Scioto Y a l & N E See N or & W Seab & Roa 1st 5s............ 1926 J-J Car Cent 1st con g 4 s... 1949 J-J Slier Shr < So See 51 K & T fc Sil Sp Oca & G See Sav F & W Sod Bay & So 1st g 5s...... 1924 J-J So Car < Ga See Southern fc Southern Pacific Co— 2-5 year coil tr g 4%s___ 1905 J-D Gold 4s (Cent Pac coll). AT949 J-D R e g is te re d ................/cl 949 J-D A & N W 1st gu g 5 s .... 1941 J-J Cent Pac 1st re f gu g 4s 1949 F-A R egistered .................. 1949 F-A M ort guar gold 3 %s.. /cl 929 J-D R eg istered .............A1929 J-D Gal H ar < S A 1st g 6s..1910 F-A & 2d gold 7s....................1905 J-D H e x & Pac 1st g 5s___ 1931 M-N 97 Sale 77j4 Sale 963 4 77*8 11 6*r D e c ’ 01 140 D e c ’ 01 1373 F e b ’99 4 113x ........ 114*4 114*4 4 116*8 A pr ’01 116 ^ 116*2 116*2 106 Sale 106 106 106 M ay’ 01 107 Sale 107 107 115*4 1187k 139 142 137^141 i‘6 2 128 13734........ 140 115 124 *124^8.. 109 1245 8 ........ 111 A n g ’ 01 1133 D e c ’ Ol 4 128*4........ 128 D e c ’ Ol 123 D e c ’ 99 •113*4 95 *4 N o v ’01 111 D e c ’ Ol 87 A u g ’01 91 Sale 89*2 91 113 103 10 113 116*2 116*8 116*8 1 116 120*2 12 102*2 107*8 106 106 8 106 110 A p r ’00 O c t ’ 01 A p r ’97 D e c ’ 01 125*2 123 *i 123*2 87 903 4 132 140 121 124 104 111 12 1 1 0 *2 ll3 3 4 128 128 94 95*4 106*2111 87 87 32 91*4 91®s 1043 F e b ’98 4 ........ 100 99*2 Sale 935 Sale q 103*2 104 D e c ’ Ol 100 100 99 99*2 34 95*8 101*2 95*2 93*2 9378 144 83 89 89 89 Oct ’ 01 111 J ’ne’ 01 96 111 72 100 103*4 103*4 104 99 7 J* no’ 00 q 87*4 87 3 81 83*4 89*2 4 873 Sale 4 ........ S7 111*2........ 111 Oct ’01 106 107*4 106 D e c ’ Ol 107 ........ 107 *2 Oct ’ 01 108*2 113*2 106 1073 4 IlOO 107*2 M IS C E L L A N E O U S BONUS N , Y. S T O C K E X C H A N G E W e e k K n d in u j a n . 10 Price Friday Jan. 1 0 HVWiT kanye or Last sale M i T 7 kam je Year ly o i Hid As A Jartv H igh A u Low J iiy h Southern Pac Co—( Coiiciuueil )\ 106 D e c ’Ol 105 108 Gila \r G A N 1st gu g 5s. 19211 M-N 107 l l o 106 106*2 Hulls E A \Y' T 1st g 5s. 19331M- N 104 ........ 106*2 N o v ’O f ) 1)3 (tt 110*2 24 110 113*2 H & T C 1st g 5s int g u .. 1937 j .J - J 110*2 Sale 116 > 110 112 Consol g 6s int guar... 1912 A O 111 *2........ l 12 D e c ’Ol 93:ij ....... 93*4 • 933j 5 86*4 95 Gen gold 4s int guar.. 1921 |A-O W aco tfe N W div 1st g 6s '3d M-N 125 127*2 126 D e c ’ Ol .. . . 126 126 4 136 137*2 137 M organ’ s La A i 1st 7s. 1918 A-O 137 139 137 16 123 125 1st gold 6s.................. 1920 J-J 123 *2 Sale 123*2 123 ‘2 N YTA-, M uv **-ii H i lf^ |‘ l l ‘> a - o 1-.1 106 *2........ GuaranU ed gold 5s___1938 A O 117 ........ 113 Jan ’ ()) .... 113 113 4 105 *2 107 Ore tfe Cal 1st guar g 5s. 1927 J-J J0 13 ........ 105 *2 N o v ’ Oi 01 v V ' h 91 4 b7 *2 Hale 87 *2 87 B A ili A Pass 1st gu g4s. 1943 J J 110*2 114 *2 So P of A r gu 1st g tis C1909-10 .J J 1 10 *2........ 113 D e c '01 4 S P of Cal 1st g 6s...... 1905 A-O 1o 73 ........ 107 T D ec’ Ol .... 107 111*2 106% 108 *4 \-o iOSHj........ 108 D ec’Ol 1st g 6s series C < D.1906 Y-O 110*8........ 109 Dec ’U1 ,. .. 108 109 fc mm 1st g 6s series E A F . 1912 A-O . . . . . . . . . . . . ........ ........... .... •m m m 4 1st gold 6s............... 1912 A-O 1193 ........ 120 F eb ’ Oi .... 119 120 O 110 107 N o v ’O MN • Stam ped...... 1905-1937 M N 109*2110 109 °8 109 *> lb 106 *2 i i i 114 *4 Oct 01 .... 111) 114*4 S Pac of N Mex 1st g 6s.. 191 1 J-J _____ >m S P Coast 1st gu g 4 s ___ 1937 J-J T e x < N O 1st 7s...........1905 F-A . . . . . . . . . . . . 1 10 A p r ’01 .... 110 110% fc Sa.hine Div 1nt & lift 11)10 M-S *112*2........ 106m N ov '9; Con golil 5s.................1943 J-J 106 ...... . 108*2 J ’l y ’ 01 .... 103% 111 *0 4 Southern—1st con g 5s___ 1994 J-J 1203 Sale 120*4 121 *2 7b 11 1% 124 *2 l2 0 ‘j Registered.................. 1994 J-J . . . . . . . . . . . . 122 Jan ’ 02 .... l i b 97 98 97 7 8 3 95 97 *2 Mobifc Ohio coll tr g 4 s .. 1938 M-S * 97 \ -R l Mem D iv 1st g 4*2-53... 1996 J-J il2 * a ...... 112 Sep ’ 01 .... 105) 112 15 5)6 101 100 St Louis div 1st g 4a___195] J-J . . . . . . . . . . . . 100 A la Ceil R 1st g 6s _ 1918 J - J J 17 *4........ 120 M ai ’01 .... 120 120 5 93 95 95 97 94 A tl Jc Danv 1st g 4s...... 1948 J-J * 93 m m A tlt& Yad 1st g guar 4s. 1949 A-O •••••• •••••• . . . . . . . . . . . . . . .... . . . . . . m ••m Col & G reenv 1st 6s...... 1916 J-J 1 19 *2........ 121 J ’ne’Ol .... 119% 121 E T Y a & Ga D iv g 5 s ..1930 J-J 117 ........ 119 N o v ’01 — 117 *2 120 % 120*2 4 b 117 121 Con 1st gold 5s...........1956 M-N 1-0*2 Sale 120 8 E 'Pen reor lien g 5s 1938 M-S *115 ........ 114 N o v ’01 .... 1U 7 116*2 •••••• . . . . . . . . . . . . . . — R egistered................. 1938 M-S 8 Ga Pac Ry 1st g 6s........15)22 J-J 124*2........ 128 *8 Dec 01 — 124*2 128 < 3 124*0 129 12o J 4 125a 4 Knox Ohio 1st g 6s 19M J-J 125 5 Rich A Dan con g 6s___1915 J-J 120 121*2 123*2 Dec ’ () 1 .... 121 124*2 1 Vf-Q 11 1 '-i A’ly ’0 / ) ill D e c ’ Ol . . . . 109 111*2 Deb 5s stamped...........1927 A-O 112 Ricli A Meek 1st g 4s... 1948 M-N ...... - ........ 83 D e c ‘00 — 109*4 17 106 1U) So Car A (? a 1st g 5s . .1919 M-N 109 *8 Sale 109 V irgin ia M id se r 1) 4-5S.1921 M-S 122*4........ 102 Oct ’ 95) — Series E o s .................. 1926 M-S 11 5 *2........ 114 Sep ’01 .... 114 114 General 5s.................. 193(5 M-N 116*2 . . . . . . 117 Oct ’() i — 113 117 116*2 D e c ’ Ol .... 115 116*2 Guar stamped......... 1936 M-N W n Xr w 1* t, n.v »rn A< ^0 4 a 9/1 F. A * 97 5 1 *2 sep 'oo ) W est N C 1st con g 6s.. 1914 J-J 117*2........ 120 *2 D ec’ Ol .. .. 116 120% S A N A la See L A N 117 J ’l y ’O O Spok Falls A N or 1st g 6s. 1939 J-J J-D Sunb A L ew See Penn R R Syra B m g A N Y See D L A W r Peb o A N See M X A T 114*2Nov 01 .. .. 113*2116 1 er A of St L 1st g 4*2S..1939 A-O 1st con gold 5s...... 1894 1944 F-A n o ........ 116 D e c ’ Ol — 115 116*2 St L M B ge T e r gu g os. 1930 A-O *112 ........ 114 N o v ’ 01 — 113 115 rPex A N () See So Pac Co 104 F e b ’ Oi .. . . 104 104 T e x A Pac E D iv 1st g 6s .. 1905 M-S 4 1st gold 5s..................... 2000 J-D 119*2 Sale 119 *2 1193 40 115 *8120-1 993 15 90 100 4 2d gold inc o s __ ____ ^2000 Mar * 93 ........ 98 111 J’ne’ Oi .... 110*2111 L a D iv B L 1st g 5s___.1931 J-J 115 N o v ’ 01 .... 113 117*2 Tnl A O C 1st g 5s 1935 J-J 112% N o v ’ 01 112*2 115*4 W estern D iv 1st g 5 -S 1935 A-O 107 N o v ’ 01 — 103 108 *2 General gold 5s..............1935 J-D 99 % 98 *2 2 95 4 Kan A M 1st gu g 4s___ 1990 A-O ........ 983 98*2 95 91 *4 Sale 91 *2 4 86 91*8 T o l P A W 1st gold 4 s ....1017 J-J 93 903 51 88 4 90*2 91 903 4 Tol St L A W prlien g 3 *23T 925 J-J 85% 83*4 Sale 83 *2 54 73 83*4 50-year gold 4s..............1950 A-O 1 98 100 97 K 97*2 98 101 Tor Ham A P»utlTst g 4s. h 1946 J-D 106 *2 109*4 J T lsterA Del 1st c o n g 5s 1928 J-1) 109*4........ 109*4 D e c ’ Ol L64 103 *2 107 % U n Pac R R A 1 g r g 4s.. 1947 J-J 104 *2 Sale 104*2 105 1 103*2 106% 105 105 R egistered.................. 1947 J-J 1067 2599 103 129 g 1st lien convert 4s........1911 M-N 106*8 Sale 106 "Registered . 1911 M-N 109 Jan ’ 02 .. . . 110 i l2 % Ore R y A N a v 1st s f g 6s 1909 J-J 103 167 101 *2 105 U Ore R y A N a v con g 4s. 1946 J-D i*02 *2 Sale 102 Ore Short Line ls t g 6 s .. 1922 F-A 129 ........ 129 *2 Jan 02 — 125 130 21 115 121 1st consol g os............ 1946 J-J 115*2........ 117*2 118 N on -cu m in cA 5s___ /tl946 Sep 104 ........ 103*2 Oct ’ 01 .... 103*2 106 117*2 J’ne’ Ol .... 117 119 Utah A N or 1st 7s........15)08 J-J 113 113 113 M ar’ O J Gold 5s........................ 1926 J-J Uni N J R R A C Co See Pa R R Utah Central See Rio G r W es Utah A N orth See U n Pacilic Utica A Black R See N Y Cent \J er V a l Ind A W See Mo P V irgin ia M id See South R v 51 117 120% 119 \ \ l abash 1st gold 5s...... 1939 M-N 1185 Sale ilS % s 1143 34 107*2115 4 YV 2d gold 5s............... 1939 F-A 114 114*2 114 99 ........ 100 D e c ’ Ol .. . . 96% 102 *2 Debenture series A ...... 1939 J-J 70 69 7 373 40 S t> 67 *2 Sale 67*2 Series B .......................1939 J-J Det A Ch E x t 1st g 5s.. 1941 J-J 109*2........ 111 Oct ’01 .. . . 110 111 98 *2 97 D e c ’ Ol .. .. 95 Des Moin D iv 1st g 4s.. 1939 J-J ........ 96 St Clias B ridge 1st g 6s. 1908 A-O 111 ........ 110*2Dec’ 01 .. .. 110 112 W arren See Del Lac A W est Wash Cent See N o r Pac W ash 0 A W See Southern 2 119 122 W e s t N Y A Pa l s t g 5s.. 1937 J-J 119*4 120 119*2 120 Gen gold 3-4s.................1943 A-O 99*2 100*2 100 D e c ’ Ol .. .. 5)5 100 *2 40 30 ........ 40 M a r’01 .... 31 Income 5s....................</1943 N ov W est N o Car See South R y W est Shore See N Y Cent W V a C e n t A P l s t g 6s.. 1911 J-J I l l ........ 113*2 M ar’ Ol .... 113 *2 l l o *2 W heel’ g A L E 1st g 5 s... 1926 A-O 115 ........ 112 Oct ’ 01 .... 112 117% W heel D iv 1st gold 5s.. 1928 J-J 112 ........ 113 M ay’ 01 .. .. 111 *4 1 16% Exten A Imp gold o s ...1936 F-A 113 ........ 113 D e c ’Ol .... 112 113 94 6b 89 93 92 Sale 1st con sol 4s.................. 1949 M-S y i-a W ilkes A East See Erie W il A Sioux F See St P M A M Winona A St P See C A N W 89*8 Go S5% 92% 89 Sale 88 % W is Cent 50-yr 1 st gen 4s. 1949 J-J B O N D S —C o n clu d ed . M is c e lla n e o u s A d a m s E x col t r g 4 s ........1948 M-S A m H id e & L 1st s £ g 6 s ..1919 M-S 97 98 98 97 98*2 44 90 A m D k & Im p 5s S e e C en t N J A m S p irits M f g 1st g 6 s ..1915 M-S 85 80 82 31 75 81 Sale B k in P e r ry Co 1st con g* 5s 1948 F -A A m Th rea d 1st col tr 4 s ... 1919 J-J 90 B k ln W A W H 1st 5s tr o tfs .. B ar & S Car Co 1st g 6s .. . 1942 J -J 105 J a n ’00 Consol T o b a cco 50-yr g 4s. 19 51 F - A 65% Sale 65*2 66*2 871 62*4 67% C h ic .) c & S t Y a rd col g 5s. 1915 J-J H ack W a t R eo r 1st g 5s.. 1926 J -J D is t illin g o f A m e r ic a co lla te ra l H o b ok en L < I go ld 5 s ... 1910 M-N fc tru st gold 5s................. 1911 J -J 86 86 83 86 28 82 M ad Sq G arden 1st g 5 s ..1919 M-N 99% A p r ’ 01 90 90 100 G ra iu ercy S u g 1st go ld 6s. 1923 A-O M a n Boh l l & L gen g 4s.. 1940 M-N 111 S te el Co deb 5s..............1910 J -J 99 J a n ’ 99 N o u -eo n v deben 5s........ 1913 A-O 100*4 100*2 J ’n e’01 100 100*2 N e w p N e S hip A D 1) 5s <$1990 J -J N Y D ock 50-yr 1st g 4 s ..1951 F -A I n t P a p er Co 1st con g 6s. 1918 F-A 111 112 11 105 112 111*2 112 N Y & O ut Land 1st g 6s.. 1910 F A K n ic k e r b o c k e r I c e (C liio a g R R Seem* Co 50-yr g 3 %s. 195 I J-J 98 A-O 93 A u g ’ OO 1st gold 5s....................19'. St Joseph Stk Yds 1st 4*28.1930 J-J 6 105 n o N a t Starch M tg Co 1st g 6s 19*20 M-N 106% Sale 106% 107 S t L T e r Cupples s t a t ’ n A Prop 92 N o v ’O 1 85 91 N a t Starch Co s f deb 5 s.. 1925 J -J * 96 Co ls t.g 4*23 5 *20 y e a r .. 191. J-D 72 8 47 57 59 58 58 S tan R ope & T 1st g 6s .. . 1946 F-A 5% 12 ! S Yu ba W at Oo eon g 6s.. 19*23 J-J In co m e gold 5a............... 1946 7 8 7 7*2 81 112% D e c ’Ol — 112*4 115*2 »Sp V at W a t W ork s 1st 6s. 1906 M S U S Leatli Co s l deb g 6 s .. 1913 M-N 112*2 N o p rice F rid a y ; la test bid and asked, a D u e Jan 0 D ue Feb d D u e A p r g D u e J ’ no A D u e J ’ly k Due A u g n Due Manufacturing ct Industrial 105 29 105 105% A|193 85 76 ........ 111 J a n ’02 Deo *01 A lai ’01 1 S3 ; 68 111 Sale 94% Sale io i % . 19 94....... O T * 90 Got 09 91% D eo ’0 1 109 91% 78 111 93% 04% 0 1 % 01% !!!!!' lOt FobdL ........ .......... l 18% J ’ lv ‘On ...J Sep p Due N o v q Duo Deo %%% %% O ption » * ! • T H ti J a n u a r y 11, 1902. j Volume of Business at Stock Exchanges T R A N S A C T IO N S A T T I I I C N E W Y O R K STOCK D A I L Y . W K K K L Y A N D Y L A 11L Y Slocks Week ending Jan 10 1002 EXCHANGE State R a ilro a d < c C Bonds ■ Bonds Bar value Shares V 8 Honda $4 1,184,100 81,398,450 83.263.400 82.020,350 66,907,750 53.091.400 $2,026,000 3.752.000 3.789.500 4.006.000 3.695.500 2,830,600 $3’ 000 4,000 ” i ‘ 6b"6 4,345,021 $ 108,405.450 $20,099,500 7,000 $4,000 426,131 877,531 902.784 869.012 694,927 574,630 Saturday ........... M o n d a y ............. T u e s d a y ............ W e d n e s d a y ...... T h u rsd ay........... F r id a y ..... ......... T o t a l............... Sales at New Yorlc Stock Exchange 1902 1901 1902 8,759,314 4,345,021 Stocks—N o. shares P a r va lu e ........ $408,465,450 $826,062,400 $35,300 Bank shares, par.. BONDS $3,000 Ja n u a ry 1 to Ja n 10 Week end ing Ja n 10 1901 13,761,990 6,435,046 $599,089,850 $1,800,229,650 $49,550 Total bonds $4,000 7,000 20.099,500 $5*5,800 135,000 21,829,500 $39,500 7,000 28,908.000 $196,450 180,000 32,450.500 $20,110,500 G overn m en t bonds State bonds........... R R . and mis. bonds $22,020,300 $28,954,500 $32,826,950 D A I L Y T R A N S A C T IO N S A T T H E B O STO N A N D P H I L A D E L P H IA EXCHANGES Week ending Ja n 10 1902 S a tu rd a y ....... M o n d a y ........ T u e s d a y ........ W ednesday. . T h u rsd ay....... F r id a y .......... P h ila d e lp h ia Boston Listed shares Unlisted shares B on d sales Listed shares Unlisted shares B on d sales $261,300 237,600 319,680 149,910 244,190 114,200 23,566 68,318 80,766 63,897 48,503 59,218 621 4,564 1,650 991 1,361 2,863 $116,500 125,150 211,500 137,800 111,050 212,600 64,548 $1,326,880 344,268 12,050 $914,600 4,807 9,284 15,633 12,213 15,890 6,721 17,711 31,670 23,196 21,151 18,432 18,655 T o ta l.......... 130,815 Outside Securities F o r W eekly Beview of Outside M a rk e t See 7th P a g e P reced ing. Street R a ilw a y s A sk B id NEW YORK CITY 37 35 B leeck St & Fu l F stk 100 99 101 ls t m o r t 4 8 1950---- J-J B ’ w a y & 7th A v e stk. 100 248 251 ls t m o r t 5s 1904...J-D 101 *4 102 2d m ort 5s 1914.......J-J 108 110 Con 58 1943 See Stock E xch list B ’ w a y Surf 1st 5s gu 1924 §114 116 103 2d 5s in t as ren tal 1905 n o i Cent’ l Cross tow n stk. 100 255 1st M 6s 1922.......M -N §120 125 , Cen P k N & E R iv stk 100 208 219 Consol 78 1902.......J-D 101 104 C hrist’r & 10th St stk 100 185 192 Qol& 9th A v e 5s See Stock E xch list D ry D E B & B at stk 100 120 130 1st gold 5s 1932...J-D 114 116 Scrip 5s 1914........ F -A 104 105 E igh th A v e n u e stock 100 400 410 Scrip 6s 1914........ F -A 105 109 42 d& G r St F e r r y stk 100 395 405 75 42d St M & St N A v e 100 55 ls t m o r t 6s 1910...M -S 112 114 2d incom e 6s 1915..J-J 99 101 L e x A v & P a v F 5s See St k E x c list N in th A v e n u e stock. 100 196 205 Second A v e n u e stocklOO 217 220 ls t m o r t 5s 1909..M -N §105V 107 Consol 5s 1948...... F -A §118 119 Sixth A v e n u e sto c k ..100 175 Sou B ou lev 5s 1945..J-J §110 112 So F e r 1st 5s 1919...A -O §108 110 T h ird A v e n u e See Stock Excli list T a r r y W P & M 5s 1928 104 107 Y k e rs S tR R 5s 1946A-0 109 H HOi 113 28th & 29th Sts 1st 5s ’ 96 111 T w en ty -T h ird St stk. 100 408 415 D eb 0 8 1906...........J-J 103 106 Union K y 1st 5s 1942 F -A 116 117 W estchest 1st 5s 1943 J-J 107 no BROOKLYN A tla n A v e 5s 1909..A-O Con 5s g 1931.. ..A-O Im p t 5s See Stock E x c B B & W E 5s 1933..A-O B rooklyn C ity s to c k ...10 Con 5s See Stock E xcli B kln Crosstn 5s 1908.J-J Bkn H g t s ls t o s 1941 A-O B kln Q Co & Su b See Stk B klyn R ap T ran See Stk Coney Is la n d s B klyn 100 1st 5s 1903............... 1 5s e rtf s i nd bt 1903.. J -J B rk C<fc N 5s 1939.J-J G r St<fcNew 1 s t5 s ’ 06 F-A G r’ pt <fcLorimer St 1st 6s K in g s Co. E leva ted — 1st 4s 1949 See Stock Nassau E lec p re f.......100 5s 1944................... A-O 1st 4s 1951............... J-J N e w W b ’ g < FI 1st ex 4 Vs fc S tein w ay 1st 6s 1922.J §105 114 fi list 107 115 102 244 list 105 105 Excli Exch 325 107 Street R a ilw a y s. Grand Rapids R y ___ 100 P r e fe r r e d ................ 100 Indianapolis St R y See J C H ob & P a terso n ..100 4s g N o v i 1949...M -N L a k e St (C hic) E l s t k .100 D eb 5s 1928.............J-J L ou isv St R y 5s 1930 J& J L y n n & Bos 1st os ’ 24. J-D M in neap St R y 5s See Stk N e w Orleans C ity R y 100 P r e fe r r e d ................100 N o rth Chic Str stock 100 1st 5s 1906-16 . . J-J N o rth J ersey St stocklOO 4s 1948 ..................M -N P a t R y con 6s 1931.. J-D 2d 6s 1914.............. A-O R ochester R y (n e w ). 100 P r e fe r r e d ................ 100 Con 5s 1930........... A-O 2d 5s 1933.............. J-D So Side E l (C hic) stk. 100 Syracuse Rap T r 5s 1946 U n it R y s (S t L T ra n s) 100 P r e fe r r e d ................ 100 Gen 4s 1934.............J-J W e s t Chicago S t........ 100 C o n g 58 1936.......M -N B id A sk 30 32 88 81 V P h iia list 18 17 § 80 81 103 4 102 7 103 8 §118 119 §112 113V Exch list 30 29 102 105 30 81 §129 §104 42V 94 112 100 107 99 33*8 86 V § 89 V 90 V § 99 V 31 81 V 44 95 113V 104 107V 101V 34 V 87 90 99 V G a s Securities NEW YORK Cent U nion Gas 1st 5 s... Con Gas (N Y ) stock N Y Eq uit Gas con 5s 1932 See M u tu al G as................100 N e w Am sterdam Gas— 1st consol 5s 1948..J-J N Y E le c L t Heat<fc P o w e r Gold 5s See N Y Stock N Y & E ast R iv e r Gas— 1st 5s 1944.............. J-J Consol 5s 1945........ J-J N o r Un 1st os 1927.M -N Standard Gas com ___ 100 P r e fe r r e d ................100 1st 5s 1930........... M -N § 109 V i l l 1 Stock E xc Stk E x list 295 305 109V 109% Exch list 113 108 107 J30 150 §116 11,5 112 109 135 155 117 OTHER CITIES A m e r L ig h t 6 0 T r a c t. 100 26 27 89 P r e fe r r e d ................ 100 91 B altim ore Consolidat See Balt list 101 Bay State G a s .............50 % % 100 B ingham ton Gas— 113 § 93 96 5s 1038................. 104 Boston United Gas bonds Bosto n lis! 8 10 106 109 Buffalo C ity Gas stocklOO 79 1st 5s bonds................. 80 Exch list Cl 1 cago Gas See N Y S 1i< Exch list i 85 83 Cincinnati Gas & E le c l 00 09% 99 V 112 Col Gas L & H ea t com 100 > 114 91 95 97 99 P r e fe r r e d ................ 100 100 V 101V 108 106 1st 5s 1932.............. J-J §107 109 12 §116 14 117 H Consol Gas (N J ) s t k .100 1st 5s 1936............... J-J 77 80 OTHER CITIES Con sum Gas (J C ity )— Buffalo Street R y — 1st 6s 1904........... M -N § 103 104 1St consol 5s 1931.. F-A §116 V i 18 D etroit C ity G as..........50 . . . . . . 73 Deb 6s 1917........... A.O § 105 107 D etroit Gas See N Y Stk ExCh list Chicago C ity H R s tk . J00 187 Essex &, Hudson GaslOO 31 188 35 Chic Union T r a c co m .J00 10' F o r t W ayne ( Jnd) — 11 P r e fe r r e d ................] 00 51 48 47V Lie reland C ity k y ___ j oo 23 112 G a s& E le c B ergen Co 100 30 Clove C ity Jst5s 1909.J-J Grand Rapids Gas— Cleveland E lectr K yJO O 1st os 1915.............F-A §105 107 75 *78 Con 5s 1913............ M-S H artford (C t) Gas L ...2 5 1 48 50 Columbus (O ) 8 t R y .. 100 *48 23 * 50* H imI koii (Jo G as..........100 20 Prefe/ r e d ................i oo 102 V / 5h g 1949........................ 100 101 v C oiam >' f ■ • ■ See id ila Jist , Indiana N a t do HI Gas— Crosst'w/i Js t 5 s '33.J D §110 1st 6s 1908........... M -N 50 113 54 B uyer pays accrued interest. 1 P ric e per share. \ Bale price list list 400 103 J03 87 C H R O N IC L E GlIH JH d A8k do 60 1ndla napolirt G um stock 50 99 L I 00 H 1st 6s 1920 70 75 JacltSOT) <las C o ........ 50 i 03 os g 1937.................A o §101 20 K an Has C ity G as........I oo 30 § 100 102 is 1022 Laclede (la s See N Y S l k Excli 54: LafRy’ eGas 1M 0s’24..\l N l 60 60 I Atgtifc Will) V Jst 6s’25.J -1> 54 MadisoiR Win) G as— 1st 6s 1926............. A-O § 107 V 109 V N ew ark Gas Os J944.Q J §140 V 14 1 % 58 56 Ne war k Consol Gan . 100 5s 194H See Block E x cli list N < W Ei l g G J < ( J See I ) i/slon 1 st ‘ i.S & IS 22 (3 do I ml (Jon NatJfc 1 1 100 1 50 46 1st 6h 1926............. J-D Providence G as............50 I 95 97 V < 97 Bt Joseph GasiftH 1937. J J 9 1V St PanlGas Cen 5s ’44M - b : 88 20 16 Syracuse Gas stock.. 100 95 90 1st 5s 194 6...............J-J W estern Gas— -5s See St’ k E xcli list I m i i i H i r i u l 1 ml 1 M I mc H ( Him l ean gay <)n -U I d 1' r-/ ( Uiert A, O G i‘u 1 I .1 in* n j .......................................................................... Bid Jft Auk 20 ( iJici-mbroilg li M I g ( Jo ) On 4 U) ld-> ' Clnllln ( 11 B) I at j»rel 100| 100 ........ 2(1 p re ferred ...........100! Coin w on LOO J00 Col A i I nek ( '0:11 I pf 100 A 60 65 1st g 5.8 1917............1 J 86 93 ( Jo.. ( 'empre.HMeiI A i r Co . . 100 H V J1 i nfi 50 ( ionsol id Car HealIiing J00 55 Consol FiiH'W’ ks com J00 10 20 P r e f e r r e d ...... ........100 60 60 Consol Rubber ' l‘j ro•.. 100 Coils Tobnceo 4 e See Stk Exch list > ( Jonli lien l a l I’obne, del) : 10 1 107 ( Jorbi n <’n bine! J .100 250 300 J07 ( Jorbiu ( P c . <:< / 75 Cram ps’ Sli <L Eu Bi dgl 00 78 Cruci bl e S t e e l ........... 1< 0 3 23 V 24 PreI e r r e d ................] on 86 Diamond M atch Co Set E x c li list 83 V 84 Dom in ion Securit ies.l 00 25 24 E lectric Boat............. 100 T e l e g r A : T e le p h o n e 45 50 P r e fe r r e d .................100 2 if E lect n o V eh icle........ J00 A m er 1lis t T e le g (N Y ) See Stk Ex 4 5 1 i P r e fe r r e d ................i 00 Dell Teleph of Buffalo i 00 104 80 Empi rd State S u g a r ..100 108 Central & So A m e r ... 100 105 64 67 Cites Poto T e le p h .. 100 1st 6s 1 9 15............. J-J 95 V 6 7 E m pire S te e l............. 100 5s 1909-29................ J-J 105'% 47 50 P r e fe r r e d ................ 100 184 Com m ercial (lab 1 ___ 100 175 e 1% G eneral C a rria ge...... 100 Cominer U n T e l (N Y ).2 5 115 IV 60 70 78 G eneral C hem ical___ 100 84 Emp & Bay State T e l 100 98 V 100 oston list P r e fe r r e d ................ 100 E rie T e le g & T e lep See B Gorham M lg Co com. 100 115 47 55 F r a n k lin ..................... 100 P r e fe r r e d ................ 10U 120 123 Gold & Stock............. 100 120 48 H ackensackM ea< lows 100 48 V 4 H 1905................ as, H avan a C om m ercial. 100 105 11V 14 Hudson R iv e r Telep h 100 100 52 48 P r e fe r r e d ................ 100 M exican 'Telephone See Bosto n list 53 1 1 7 N e w E n g Telephone See Bos to 1 list 1 kr-J on es-J e w ’ 1M i l l . p1 1 96 1st 6s 1922............. M-S N ortliw estern T e le g . ..50 122 126 m 2 H errin g- Hall- M a rvin 100 N Yr & N J Telephone 100 £169 172 35 45 1st p re fe rre d ........... 100 5s 1920................... M -N 111 114 5 10 78 2d p re ferred ............100 83 Pacific & A tla n tic ...... 25 H oboken Land < ImplOi/ 1 10 & P roviden ce T e lep h on e.50 1 98% 5s 1 9 1 0 .................. M-N 106 Southern & A tla n tic .. 2 5 100 103 20 26 5 7 In tern a tio n a l Salt certfs. T e l T e l & Cable of A m . 15 t I n tern at’ 1S il v e r See SU1 Exch iist c E le c t r ic C o m p a n ies 100 96 6s 1948..................... J-D 3 A lle g h e n y Co L i g ’t ColOO Iron Steam b o a t..........25 ........ 155 C hicago Edison C o ...100 i e o ” 170*' John B Stetson com .. 100 335 L4.0 P r e fe r r e d .................100 130 Edison El 1 1 Co B rk N Y Stock Exch 1 E iectro-Pneu m ’ic T ran lO t 10 V 11 IV I V Banston M o n o typ e___ 20 G eneral E lectric Co N Y Stock Excli L a w y ers M o rt m sur.100 225 235 95 L a w y ers’ S u rety ...... 100 H artford (C t) E le c L tlO O 196 200 183 K in gs C o E le c L & P C o lO O 179 L a w y e rs ’ T it le In s ... 100 325 340 L o n lla rd ( P ) p r e f...... 100 120 N arragan (P r o v ) E l Co 50 t 92V 10 33 36 N Y & Q E l L & P o w C olO O Madison Sq G a rd en ..100 55 65 70 72 P r e fe r r e d ................100 2d 6s 19T9.............M -N 9 8V M e x N a t O onsiruc.pf 100 R h o ls l E le c P ro tec ColOO 125 13 M onongahela R C o a l..50 13Ha Storey G eneral E le c . . 10 P r e fe r r e d ...................50 14 16 43 x 4 U nited E le c tric o f N J 100 66 M o n t & B oston C o p p er.5 68 4s 1929.. 100 U n it E le c L t & P o C o ..50 See Ba It list M osier Safe C o..........100 20 19 N ational C arbon........ 100 F e r r y C o m p a n ies 84 83 P r e fe r r e d ................ 100 32 H 33 a B rooklyn F e r r y stocklOO N a t E n am ’ g & Stamp 100 19V 20 85 82 P r e fe r r e d .................100 N Y & B 1st 6s 1911. J-J 113 115 N ation a l Salt See N Y Stk Exch list Con 5s 1948 See Stock Exch list 155 M etropolitan F e r r y 5 s ... 108 110 N a tion a l S u re ty ........ 100 140 40 33 N Y & E R F e r r y sfck. 100 N e w C entral C oal........ 20 68V 80 95 1st 5s 1922............M -N § 94 N Y Loan & Im p ...... 100 116 76 N Y & H oboken stk. 100 N Y B iscu it 6s 1911.M-S 114 78 H ob F y 1st 5s 1946 M -N §112 V 114 N Y D ock Co See Stock E x ch list Con 5s 1946........ ..J-D § 90V 91V P r e fe r r e d See Stock E x ch list 1st 4s 1951 See Stock E x ch list N e w Y ork & N e w J ersey 4 11 H 121 > N Y E l V T r ($20 p d )l0 0 1st 5s 1946...............J-J 105V 107 75 80 N Y R e a lty C orp.......100 145 165 10th & 23d Sts F e r r y 100 1st m ort 5s 1 9 1 9 ...J-D §105 108 N icholson F ile C o ....100 1*26 H 132 z 43 44 Ontario S ilv e r ............100 U nion F e r r y stock. .. 100 32 30 1st 58 1920............. M -N § 97 98 Otis E le v a to r c o m .... 100 93 92 P r e fe r r e d ................ 100 R a ilr o a d P ittsb u rg B r e w in g ___ 50 t 25 25 H i Chic Peo & St L p ref. 100 P r e fe r r e d ...................50 t 44\i 44 H 9 V 10V i P r io r lien g 4 V s ’30M<fcS §106 P itts b u rg C o a l..........100 108 26*4 27 Con m tg g 5s 1930. J&J 100 102 P r e fe r r e d ................ 100 923s 92 H i 31 Incom e 5s 1930____ P itts P la te G lass...... 100 1518 153 33 126 D en ver & South’n See S tk E x list Pocahontas Coal Subs ... 125 95 D etroit Southern See Stk E x ch list P r a tt & W liitn p r e f.. 100 90 P re fe rre d See Stock E x ch list P ro c te r & G a m b le....J 00 339 341 205 P r e fe r r e d ................ 100 202 1st 4s 1951 See Stock E x ch list LOB K C F t Sc & M em p f See S tk E x list R o y a 1B alt P o w d p r e f. 10 0 107 R e fg g 4s 1936 See Stck E x ch list R u bb er Goods M fg See St ockE x list. 62 M e x N a tion a l (w i) ..100 fc 15V 15 V Russell < E r w in ........25 i ... 142 39 P re fe rre d (w i ) .......100 39V S afety Car Heat<fc L tlO O 139 P r io r lien 4 V s 1926( w i) 101 v 101 v Simmons H a rd w com 100 165 170V 142 P r e fe r r e d ................ 100 139 1st con 4s 1951 ( w i ) . 79 V 80 N o r P a c n e w 4s ( w i ) . . . 2d p re ferred ............100 138 ‘ 143 110 N o r ’n Secu rities (w i) lo o 103V 104 V S in ger M fg C o............100 230 250 P itts Bess L E ........ 50 1 36 4 37 K 373 36 V Snap H ook & Eye P r e fe r r e d ...................50 t 70 6 Standard M illin g C o.100 75 6H i 25 23 P r e fe r r e d .................100 Seaboard A i r L in e See E a lt list 74 73 5 s .......... . In d u s tria l and MisccB Standard Oil of N J ..1 0 0 660 675 220 A b erd een C opper........ 25 1 30 31 Stand U n d ergd Cable 100 A cker M er C on d it...6 s 100 101 Sloss-Sheliield See Stock E xcli list A m a lg Copper See Stock Exch list 34 31 Standard Coupler comlOO A m A g r ic Chem See B oston list P r e fe r r e d .................100 120 130 A m e r B ank N o te Co. ..50 t 54 V 56 102 S w ift < Co.................. 100 101 fe A m B icy cle See N Y S tk Excli list 102 1st 5s 1910-1914....J -J §101 A m erica n Can co m ... 100 Tennessee C opper____ 25 1 13*4 14V 14 V 15 P r e fe r r e d ................ 100 75 T ex a s & P a ciiic Coal. 100 56 V 67 80 A m erican Chicle Co..l(><> 82 110. 1st 6s 1908............. A-O §106 P r e fe r r e d ................ 100 80 82 T it le Guar & T r u s t... 100 525 A m e r G ra p lio p h o n e ...l0 t 3V 4 5H > 7 T ren to n P o tte ry com 100 P r e fe r r e d ...................10 1 7 75 68 P r e fe r r e d ................ lo o 8 A m e r U idet& Leather 100 70 T r o w D irectory n e w ..100 63 4 8 P r e fe r r e d ................ 100 39 4 . Union C opper............... 10 I 40 3*4 6s See Stock E xch )iwt 35 27 Union Steel do C hain.100 40 A m e r P ress A sso c’ n.100 85 50 P r e fe r r e d ................ 100 95 A m erican S c re w ...... 100 x7i) 77 Union S w itc h < Signal 50 t 76 & 37 '95 A m e r Sli ip b u ild in g... 100 P r e fe r r e d ...................50 39 P r e fe r r e d ................ 100 72 97 75 Union T y p e w r com .. 100 99 2 126 A m Soda Foun coin ..100 Jst p re ferred ............100 122 0 50 1st p referred ........... 100 121 2d p re fe rre d ............ 101 118 55 2d p re ferred ........... 100 10 U S Cast Iro n P ip e ... 100 7 *2 8 12 A m erican S u rety........ 50 175 38 P r e fe r r e d ................ 100 185 39>e 22 20 A m er Straw board___ TOO 22 23 V U 8 C otton D u ck.......100 Bonds Oh .................. F-A 100 90 P r e fe r r e d .................100 45 A m T y p e fo T s s to c k ..100 U S Envel ope c o m ...100 48 52 85 82 A m er W oolen See Stock Exch list P r e fe r r e d ................ 100 34 A mer W ritin g Paper. I 00 33 U S GI i188 coin n ion .. . 100 2 1% 145 P r e fe r r e d ................J00 P r e f erred .................100 140 8V 9V 37 58 1919..................... J -.J 30 68 71 IJ H Roduct<feRefininglOO 63 62 A n th ra cite C o a l........100 70 P r e fe r r e d .................100 80 84 % 87 Barney S hi C ar...... J00 1mI. m ort 6m ................. 16 V 20 Stock Exch P r e fe r r e d ................. 100 120 (J B Steel Corporation S( L25 15 Bliss ( Jompany com ___ 50 130 LJnivernal T o b a cco ... 100 1 to 48 P r e fe r r e d ...................50 133 p r e fe r r e d .................LOO 138 Bond c o M o rt G u a r... 100 405 S Va Coal Iron < Coke. 100 fo 1 I J 13 ‘2 55 54 5m 194!)................. M S B rit’h ( Columbia Copper 5 1 9‘V JOV WeHtingh A ir D rak e..50 1175 180 100 103 18*2 19V W h ite Kno b M i n i n g . 100 18 Cent F irew orks 23 W orth in g Pump pref. 100 120 69 P referred ...... 71 88 THE CHRONICLE [V ol. L X X IV B o s t o n . P h i l a d e l p h i a and B a l t i m o r e S t o c k E x c h a n g e s — A Oailv and Yearlv Record. Mill S ’ ‘‘u r t i u . y , J a n . 4. E r lo «« M onday t J a n . 6- 0io4 P e r Ocmiaiift P r i c e s . Tuesday t J a n , 7. W ednesday J a n . 8. T h u rsd a y , J a n . 9. Rates o f the Week, ACTIVE STOCKS. T r u ia y , J a n . 10. 1 Indicates unlisted. ) Range of Rales in 1901. Lowest. H ig h e s t R a ilr o a d S io o k i. 242% 302% 209% 464% 263% 202% 202% 212% 202 202% Boston A A lb a n y ................. (B o s to n )..., 100 251 Jan. 3 205 Apr. 1 ft 167 167 M04 107 0*1 100% Boston Eleyated, fu ll p a id .. 4 4 , e. . l 00 159% Jan. 1 190 July 17 100% 100% 100% 107 •1 5 ,, •249 245 •2ii 245 245 •341 ..... 249 242 Boston A L o w e ll. . , , , ........ . 4 1 ,...1 0 0 288 July 8 348 Apr. 22 194 i 02 102 194 103% 104% 192 192% 102 193% Boston A Maine....................... 252 180 Deo. 9 200 Apr. 24 4 ....100 1 157 Cnio. Juno. A Un.Stook Yds. 150 160 150 150 150% 150% 150 150% * 158 143% Jan. 2 168 June 10 4 4 ....100 1 133 134 183 •131 13d •13 t 103 182 134 192 P referred ........................ *4 . . . . 100 120 Jan. 0 185 Apr. 8 50 *73% 74% 78* 78* 73 ♦72 73 70 74 72 Ohoo.Okla. A Q. trust oerts. ( P b l i a . 50 783 87% Jan. 23 83% Nov. 1« •53V 54% P referred T r. certf* . . . . . . , 54S 54% 54 i 54% 53% 54 •53% 54 v8(, 45 Feb. 20 50% May 16 “ ,.,.50 145 145 145 145 145 145 144% 145 144% 144% Fitchburg, p r e f . . , , , , ( B o s t o n j . , . . 100 853 130 Jan. 10 148 Apr. 28 87% 37% 87% 31% 87% 27% 87% 37% 37% 3 % Lehigh V a lley ........................(P h ila .) . . . . 60 8,650 28% Jan. 4 30% May l 35% 35% 85 85 Massachusetts Bleat. Cos. H , ( B o s t o n 00 35% 31 33% 86 30% 30 8,951 24 Jan. 29 45 July 1 03% 03% 03% 98% tt8* 04 03 03 94* 93 018 77% Jan. 17 06 June 11 P r e f e r r e d ! , , ...... ................. “ ....1 0 0 23% 36% 28% 38% 27% •d % 97% 27% 27% 27% M exican Central...... ............... 7 050 13% Jan. 20 30% May 2 4 4 100 <04 LU4 104 104 -1 04 104% Northern C e n tr a l....,......... (B a lt.) . . . . 60 n e 88% Jan. 10 100% Deo. 2 *810 2)0 3 0 •210 210 aio% 2U>* 210*' •2 <0 Old Colony........................... (B o s to n ).,,.100 60 205 Jan. 9 812% Apr. 22 75% 74% 74% 74% 74% 74% 74% P e n n s y lv a n ia ..,,,,_________ (P h ila .).... 60 76% 75* 8,101 09 May 9 81 Apr. 89 74% 75% 75 23% 20 3-16 2r % 30% 37 16-10 0% Ueading Company.................. 88 7 16 34% a * b “ . . . . 50 146,046 12% Jan. 4 28% Dec. 90 1 41 41 1 4'% 41% 41% 4 41% 1st preferred...... .................. 1,680 32 8-10Jan.25 4)% Deo. 80 “ . . . . 60 4' % 41% 4'% 41 % 4 32% 31% 32 6-10 81% 82% 81% 16-lr 2d preferred ........ . 80% 31 13-10 8% 83 40,061 19 Jan. 4 32 8-i6Deo.31 3*% 4 4 . . . . 50 40 20 Seaboard A ir Lin e .............. (B a lt.) ,.,.1 0 0 90% 30 26 30% 20% 36% 36% 20% 30% 20 8,025 9% Jan. 31 30% June 91 40 4W 4 % to% 40% 4'>4 )* 600 24% Jan. 31 64% Sept. 20 -49% 40% •19% 40% 40 P r e fe r r e d ......... ................. “ ..,.1 0 0 1UI% 1°2% Onion Pacific........................(B o s to n ).,. .100 103% 108* 104% 102% 101%108% 108 103% 102% 104 4,068 78% Jan. 4 183% May 2 00 90 00 80% 90% 00 89 428 82 Jan. 4 09 May 1 89% 80% 00% 80% 89% Preferred ............................. •' , u. . l 00 84% 32 33 34% 88 83 83% 33 38% Onion Traction, 017% paid. (P h ila .).* ., 50 88,870 24% June 10 37 Jan. 2 82% 82% 34 14% 14% 14% 14% 14% 14% •14% 15 14% 14% United R y A Bleo. Go.......,, (B a lt.) . . . . 60 14% 14% 613 14 Dec. 19 18% Mar. 20 94% 0i% 04% 04 «i% 04% 04% 04 04 04% •04 230 9^% Jan. 8 99 Apr. 23 W est Bnd Street........ ..........(B o s to n ).... 50 204% 262% * 107 •34 1 101 101% •156 100% 130 130 73% 73% 54 5* 144% 140 37% 37% 36 30 04 93 18% 20% 70 71 12% 28% 83% 83 * % 00% 7«% 81% alto 83% 84 % % 110% 117% 115% 116 158 102% 580 500 3r% 3>% 13% 13% *63% 04% 23 23 3J% 23 07 07 06% 66% 65% 50 51% 55 10 15 15% 10% •78% 70 ♦s*« ** *••♦1% 4% % % 1% 1% 1% 1% 90 •89 90 •89 187 137 ♦137 140 23 24 24 33 4% 4% 14* 14% 14% 14 115% 115% 115 110 40% 46% 46 46% 39% 30% 29% 20 *11% 11% 11% il% 90 90 • 90 90 90 •89 • Bid and asked prices 117% 117% 115 116 103 103% 596 500 35% «e% 18% 13% I NACTI VE S T OC KS R AILRO AD S.—Prices Amer. Railway s(Phil) 50 Ail A Charlotte (Balt) 100 80s A Maine pf. (Boat) 10C fioston A Ptot . 4 100 1 jonn A P&ssum “ 100 Conn River.... “ 100 Consol Tr Pitts!(Phil) 50 Pref !.,•••«%., “ 50 South A Fla.(Bait) 100 1st pref.,,,., 100 Id pref,,,,,, “ 100 B’rmant’n Pass (Phil) 50 Hsitonv M A T 4 i 50 Pref.............. 4 50 4 £nds Street..... il 100 ijittle Sohuylk. “ 50 Main® Central.(Bost) 100 Minehill A S H .(P h il) 50 50 g ’esqaehon’g Y . S 50 North P en n .... Per® Marqu’te.(Bost) 100 Pref........... 4 100 4 Phil Germ & N .(Phil) 50 Phila. Traction “ 50 Ryu Co Generali 4 4 Rutland pref ..(B ost) 100 United N J ......(Ph il) 100 UnPowATrans 25 West End pref. (Bost) 50 West Jar A 8 8.(Ph il) 50 W e a tN Y A P a . 4 4 50 Wis Cent, new.(Bost) 100 P r e f............... 4 loo i W o rN a s h & R . “ 100 MISCELLANEOUS. Uloues Mining (Bost) 85 .Amer. Cement. (Phil) 10 Am Gold Dredg(Bost) 10 Amer. L A S . . . (Phil) 50 AmFneumServ (Bost) 50 50 P r e f...... . .. .. “ Arcadian ..,,.,, 4 1 25 Arnold Mining. “ Atlantic Mln’g. 4 4 25 Baltic Mining.. “ 25 Seth S te e l...... (Phtn 50 Boston Elec Lt.(Boat) 100 Cambri a Iron .. (P h il) 50 Camb SDrexel re o t4 .... 4 Canton Co....... (Balt) 100 Central Oil......(Boat) 25 ConMercur gold 4 4 5 Cumb Tel A Tel 4 100 4 Duly-West Min “ 20 Danv Bessemer (PhiAj ©•Long H & E Dlam State St.- ............. 4 4 4 4 4 4 10 10 ft lla o e lla n e o u s M to o k i, 71 73 71% 69% 71% 69to 70% Am algam ated C opper! . ,.,,(B o s t o n )..,.l0 0 18,997 00% Deo. 17 139% June 18 21% 22 22 22% ♦21% 23 Arner. Agrloul. Chemical ! . . ♦31% 32 “ .,,,1 0 0 1,307 20 Oct. 8 34% June 18 84% 03% «3% 83% •83 88% 83% 83% P r e fe r r e d !........................ “ ....1 0 0 4 564 70% Dec. 1 91 June 18 6-10 8,550 % to to *% % Am erican A lk a li................... (P h ila .),... 50 % Deo. 6 m Jan. 12 •■»••• P re fe r r e d ,? 10 paid “ . . . . 50 % Apr. 30 H Mar. 4 ii8 ’ * m % i u T 1123% 122% 125^3 121% 123% American Sugar Refining 1 .(B o s to n )..,.100 81,428 108 Deo. 24 102%June 3 115 110% 115% 115% 110% U0% 110 110 P r e fe r r e d !............................ “ ,...1 0 0 1,000 112 Deo. 24 180 July 1® 100 161% 100 101 100% 101% 100% 101 Am er. Telephone A Tel. C o.. 8,271 151 Jan. 4 182 May 82 “ ..,,1 0 0 59 5 000 590 505 580 590 Calumet A Heola ____________ 590 600 107 535 Dec. 20 800 Mar. 5 4 4 55 1 35% 30 25% 20 23% 25% Camb.Steel, 013% paid re o ts .(P h ila .» . . . . 50 24,410 15% Mar. 27 31% June 11 25% 25% 18 13% 13% 12% •«2% 13% 18% 1H% Centennial M in in g .,,,...,,, ( B o s to n ). . . . 85 816 10% Deo. 20 34% May 8 03% 61*4 *«3% 04% •03% 03% •03* 03% Consolidated Gas............ 130 58 Jan. 80 05% July 10 (B a lt.) ....1 0 0 23 33 23 1,035 20% D-c. 0 38% Apr. 12 23% 23% 23% 23% 23% Consol. Lake S u p e r i o r , (P h ila .) .,,.1 0 0 07 07% 08 08 03 00 P re fe rre d ......................... 1.,.,1 0 0 1,785 40 Feb. 11 7e Aug. 3 1 63% 69 50% 56% 50% 55% 50% 66 50% Dominion Co a l . . 4, . , . ( B o s t o n L . „.100 11,082 32 May 1 53% Dac. 31 5 15% 10 15% 18 17 20 18 10% B rie Telephone.................... “ ...100 8,833 15 Dec. 4 90 Jan. 2 77 77% 77% 77% 77 77 *77% 78 Lehigh Coal A N avigation ... (P h ila .) . f ., 50 676 02% Jan. 21 70% Apr. 12 4% 4% Marsden C o ! >«... 4% 4% 4% 4% ...0 1 1 ,..,1 0 0 750 3% Dec. 9 7% Jan. 8 % National Asphalt I “ . ... 50 18 *% % Deo. 30 8% Feb. 18 % to 1% 1% *1% P r e fe r r e d !...,,.,...,,,.... “ ..,,60 48 1 Dec. 80 16 Fetf. 18 90 ♦89 90 New Bng. Cotton Yarn, p re f.( Boston) , . . . 100 •89 90 *89 90 90 26 88 Dec. 7 09 Jan. 8 187 137 187 137 187 187% ♦187% 140 N ew England Telephone___ “ . ... 100 148 127% Jan. 4 40 Apr. 12 23% 33% *83% 24 23% 23% 23 23% Old Dominion Copper ! . , , , , , “ ... 25 1,040 20% Dec. 17 38% Mar. 5 4% 4% 0 4% 4% 4 5-16 4 0- 1 5,000 4% Dec. 4 8% Feb. 13 ito 4% Philadelphia E le c .! 5 p aid .. (P h i l a . ) . . . . , . , . 19% 14% 14% 14% 14% 14% 14% 14% T rin ity Mining ................ Boston) . . . . 25 1,006 10 Dec. 7 41 June 20 110 110 115 115 110 117% United Gas Im p ro vem en t!. (P h ila .). . . . 60 9H6 118 Sept. 13 .28% Jan. 2 40 48% •46 40% 4«% 40% United Shoe M achinery•••••( B o s to n ), , , , 85 43% 40 1,10b 30% Feb. 4 48% Nov. 14 39 20% 29% 29% 20 29 20% 20 030 23% Jan. 4 30 Sept. 0 Preferred “ . . . . 25 11% •l i 305 10% Deo. 17 17 Mar. 80 11% H% ♦il M . . . . 25 11% 11 11% United States O i l . . . , , , . . , , , , 30 SO 28 28 Welsbaoh Co. ........... (P h ila .) ... .100 880 38 Dec. 12 55 Apr. 12 90 89 90 88 W estingh. Electric & M f g . .. (B o s to n )... 50 88 ¥ 010 54 Jan. 1 C 80% Deo. 27 80% 90 95 88% 88% •...... 00 95 P r e fe r r e d ...... ....................... 4 4 60 80 06 Jan. 4 91 Dec. 81 no sale was made. a 28 1-10 39 1-10 b i - i « 8 8 U -16 I L ow est is ex divid. Bid. A sk . J a n . 10 44% 105 805 165 885 23 04 48 9?% 70 48 59 177 02% 108% 192% 300% 52 99 80 •*••• 178*4 82 83 97% 4% 112% 113% 280 114 66% »I 0 •« * * 20% 80% 40% 41 6 ***•* 2% 5 5% 80 * *51 •50 2? 25 36% *.. . . . . *i 48 98 96 8% " ‘l% 120 20 130 SO H 2 4to Domln Coal pL (Bost)lOO 110 Dom Iron & S.U 4 ___ 4 85 26% Easton Con El. (Ph il) 50 Edison E l 111.. (Bost) 100 2*48* 250 Elec Co of Amf[ (P h il) 60 6% Franklin Min’ g.(Boat) 25 12 % 18% General E lect.. 4 100 270 281 4 P ref................. 4 100 4 G-B-8 Browing(Balt) .... 11 11% Ind-KgypCom (Bost)lOO 8 I at But H ( 6 8 M " 10 ‘ l “ 1 94 IntSP«&Dynam (Phil) 50 Isly RoyaleU..(Bost) 25 21it 22* Manufao R u b..(Ph il) 60 S T OC KS —BONDS MTflrWLL.—Oonci^d Bid. A sk. *. 108 170 2 *■' 7?elepbrtr>< * ,f 10 12% 13 MtVerCotDuckiBalt) . 5” NewifingGsAO ! (Bost) 5M New H av 1 A B.^Phn; 3 3% Old Col Mining. (Bost) Osceola Mining. “ 81% 83 Palmetto Co... .(Ph il) 29 29% Parrott BilACop(Bost) *.•••* . 0»,. Penn Elec Y e h .(P h il) 2% P r e f.. . . . . . . . . 4 4 50 112 Pennsyl Salt... Pennsyl S teel,. 85 P r e f ........ . •e 40% ,,,,, Phila Co . .. .. 4 4 50 PlantersComp!(Bo*t)100 11% 12% 25 130 150 Quincy Mining. 3 »% 35 2 Rhode Isl Min.. •• 5 Santa Ysabel G “ to 60 01 Seattle Electric 4 100 4 100 107 108 P ref..,- m .... “ 5 Susque i A 8 ! . .(P h il) m •••« s Tamarack Min. (Bost) 25 250 255 Tidewater St... (Ph il) 10 28 Torrington “ A ” (Bost) 25 37 38 29 25 P ref.......V 4 85 U n C o p L A M ’g 4 4 ito 8to 82 30 U n E ILA Pow p f (Balt) 50 87% 83% United Fruit (Bost) .100 13% 14 U S M in in g .... " 25 22 Utah Mining.. 4 4*85 4 23H Warwick I A S . (Ph il) 10 50 74 Westm rel Coal 4 4 2 Winona Mining (Bo»t) 35 Ito 48% 49 85 W olverine Min. 4 4 B o n d *—Bosi©rxB Am Beil Tel 4s..1908 JAJ s 99 100 A TAS F gen g 4s. ’95 AAO ll0 2 98 Adjustment g 4s..1995 | 95 Boston Term’l 3%s. .1947 I l l s 117% 85 B ob Un Gas 1st 5s. ’39 J AJ I 80 60 2d M 5s.........1939 JAJ I 54 Bur A Mo R iv ex’pt 0a. JAJ §119 «* 0«* * Non-exempt 08.’ 18 JAJ 2' ***** Sink f and 4s.. 1910 JAJ §>>»*,« ...... Cent Y t 1st 4fl 1920..Q-F j . . . . . . 87% Ch Bur A Q 4s. 1022 F&A §101 Iowa D lv 4s. 1919 AAO h o i •»*»1 113 Chicago Juno 5*. 1915 J AJ §110 O h A N o M gu5 b.’31 MAN §109% 110 Chi A W M gen 5s.’21 JAD §100 100% Curr’t R iv 1st 5a.’27 AAO §105 D G R A W 1st 4s.’ 40 AAO §100 100% Domin Coal Isttta.’ lSMAS §110 la s t ’ll ist M 0s g.’ O0 MAS m o 113 Fr ElkAM V 1st0s’ S3 end §135 §185 Unsi’p’d 1st 0s.’ 33 A AO Illln Steel ooxiv 5a.’ 10 JAJ §101 „ Debenture 5a. 1913 AAO §10 lto . , Q & 0 CA 0 1st 5s g.’25 AAO §105 K. C Ft SAG 1st 7s.’ 08 J AD §124 K C F SAMcon 0s.*88MAN §128 K O M & B 1st4a..’ 34 MAS §. ... too 0i 90 Income 5 s ....«,.........,, K CAM HyAB 5s.’29 AAO §108 100 K C St Jo A C B 7».’07 JAJ §115 L RookAF 8 1st 7u. ’06 JAJ §105 M a rti A Out. 0s...'25 AAO 1118 S3 Mex Cent 4s g*. 1911 JAJ § 83 let ecu me g non-cum 32% 83% 8d con mvi-fliim,. 83% Mfd Rubber pfd (Ph il) nrueuthaier.. (Bost; 1 BONDS B o sto n —Concluded. New Eng con gen5s’ 45JAJ N E CotYarn 5s 1939F&A N H G as A C 1st 5s..1937 Now Bng Tele 5s.’ 16 AAO 0 1 ............1 9 0 7 AAO N Y A N Eng 1st 7a.?05 JAJ 1st mort0a.. ..1905 JAJ Rutland 1st 0s,.’ 03 MAN Rut-Can 1st 4s 1949. JAJ Seat Elec 1st 5&19S0FAA Torrington 1st 5s 1918... W est End St 5s. .’ 02 MAN 4%a ......... . ,,1914 MAS Deb 4 a ....,..1916 MAN Bond®—BaitSnaorOu Anaoostia A P o t 5 s A tl A Ch 1st 7S.1907 JAJ A tl Coast L c t fs 5S..JAD BaltCP&alst 5s,1911MAN Balt Fundg 58.1910 M&N Exchange 3%s.l930,1AJ Funding, 3%s, 1952J&J BaitAPlstdRuil 1011A&O 1 st 6s tunnel 1911..JAJ Bal Trac 1st 5S.1929M&N NoBaltD iv 50.1942J&D Gonv’rtible5fil906MAN Central Ry 0s.. .1912 JAJ Consol 5 s ...,1932 MAN E xt A Imp 5S.1932MA8 Chaa City Ry 1st 5# *23JAJ Chas Ry G A El 5s ’ 99 MAS CharlCAA ext5s.l909J AJ 2d 7s 1910 AAO CityASub lst5s.l922JAD City ASub (Wash) l«t5 s ’ 4S Col AG m v 1st5-8.1917JAJ Consol Gas 0s..1910 JAD 5s..,,, ■,,,.,..1939 JAD Ga A Ala 1stpf 5a1945A AO GaCarANlst 5s g.1929J AJ GeorgiaP 1st5-6s 1922JAJ GaSoAFla 1st 5». 1945J4=J G-B-S Brewing 8-4s 1951. ru e ................ . KnoxvTrac lst5s ’28AAO Lake R El latgu5a’42M&8 M^rC,TiiWaflb 11 nt5*'2 p k \ » M tYernon CotDuck 1st 5s In c o m e .,....... . New Ori Gas 1st 5».. .Var NewpNAOPlst5s’38MAN Norfolk St 1st 5s ’44.JAJ NorthCent4%s.l925A&0 6s 1004....... ......... JAJ Series A 5a 1926....JAJ Series B 5o 1926.....1AJ Pitt Un True 5&.1997 JAJ Potom Yol 1st 5sol941JAJ SeoAvTn ( Pt ttc) 5s*34JAD Sav Fla A W est 5s ’ 34AAO Seaboard A L 4s 1950.,,, Seab A Roan 5s. 1026 JAJ So.Bound 1st 5s *41. AAO UnElLAPlst4%s*39MAN U nR y A Ml lst4s’40.MA8 Income 4s 1049.,,.JAD Ylrg Mid 1st 0s. 1900 MAS 2d series 0s.. 1911 MAS s j series Ba.. 1010 m ah 4th ser 3-4-5*. 1921 MAS Pith 100*' B id. A sk . , 8108% 104 5 ..... § ..... §107% 110 §107 ■(M il §101 §101 §105% ib fi" I108& 101% 97% U8% 117 109% 121% 1'0 114% *•••#! 114 no I9a% ill 114% ' t •e*t Bid. A0b. BONDS W il A Weld 5s. B o n d s — PhU z Che* AD Canl stSs.’ l 0 JA. j J J J J 1 l 3 v > 1 08 90 US 114% 130 100 100 115 181 132% 124 34% 35% 118 95 ...... , 4 I I M J 115 H0 T ..... 110% 3 no « Colum St Ry 1st con 5a. ’ S‘ Con Trac of N J 1st 5s..’3 -: •M9I« n *to 113 & 98 98% ..... Income 5s... .2802 A At 107 116 118 Eq 1 1 Gas-L Istg5s.l92t 108 ♦••0«• 1 119to 120% Hestonv M A F con 5s.’ 2< ..... . 10C% 101 H A B Top con 5a.’25 A fcC 110 i i « 86 87 *4 111 118 120 117 R R 4 a g ........ 1914 i •M M U ->*•* 110 105 Gen M 4%gg. ,1924 i 90 »»«••• •Mill 92 Leh V C ’l 1st 5s g.’ 33 , 117 130 120 Leh Val ext 4s.. 1948 J •••»« 133 135 i is 117 04 05 120 121% 112% 113 110% 113% 1 » M) • •»..»* 110 n o** 135 No Penn 1st 4s.. 112 113% 48% 49 Penn gen 0 sr...l9 10 Y a i 37^4 ss Consol 5s r... .1019 VaJ 9 0 " 99 12i% Penn A Md Steel con 6b 117 82% 88% Cons 4a...,,,1039 AAU 45% 40% 100 Penn Steel Ist5s.*l7 MA.n 104|| 105% P eople’s Tr tr certs 4.t 110 110 Trust certfs 4s. 100 123 125 123 185 Consol M 7s.. 1911 JAB 115% 116% 114 Con M 0a g...1911 JAB .116 Ext! mp Mis g.’47 AAO jt ^ Con M of ’82 4s.*87 Terminal 5s g.104.1 86% 85% 112 P Wil A Balt 48.1917 AA Ooliattrust 4s.l921 j AJ n o * 111% 84 87 Read Co gtui 4s, 1007 JAJ 95% 05% Rooiiester Ry con 5s. 1031 07% a m SchRKSide LsC6» g’$5J A 107 Scran True 1st O ’38MAN s 115 UnTraoPltts gexi5s4 JAJ 07 120 112 And interest. 1 1 ■ 117% » . . . . . . 14 U% 110% 84 103% •»t. * 108 116 •IUH 109% •m i 96 106% 99 «3% 133 105% ...... 132 108% ••Mil ♦••% * , < • 134 131% 185 108 .m l* Wiv* 98% .% ,,<•# •tm t 110% - **%* * *04% 85% ,v,'i »*» Ja n u a r y ' BKONM-LH VW ¥ 11. 1902.j 89 atxd R ailroad InielEgjemeJ R A IL R O A D EARW1WGS. T h e f o l l o w i n g t a b l e s h o w s t h e g r o s s e a r n i n g s o f e v e r y 8TEAM r a i l r o a d f r o m w h ic h r e g u l a r w e e k l y o r m o n t h l» c a n b e o b t a in e d . T l i e fir s t t w o c o lu m n s o f fig u r e s g i v e t h e g r o s s e a r n in g s f o r t h e l a t e s t w e e k t r m o n t h , a n d tin c o lu m n s t h e e a r n i n g s f o r t h e p e r i o d f r o m J u l y B t o a n d i n c l u d i n g s u c h la t e s t w e e k o r m o n t h . aa tw i The returns o f tlie street railways are brought together separately on a subsequent page. N o tic e C l m n j r e — O u r y e a r l y t o t a ls n o w a ll d a t e f r o m Latest Grass namings ROADS Week, or Month J u ly 8. Latest (irons h'arninfjH .Inly 1 to Latest hate Current Year Previous Year Current $ $ $ Year 17/490 76,612 16,169 A dirondack........ October. . 05,144 1,252,980 69,927 A la ( i t Southern. 4th wk Dec A la N O * Texas Pac J une. 39.000 37.000 901,819 N O * No East. 2d w k Dec 21.000 21.000 468,288 A la * Vicksb’g 2d wk Dec 18,000 22,000 2d w k Dec 446.660 Vicksl) Sh & P. 1st wk J an 997,798 40,001 34.451 Ann A rb o r......... 31,170 5,404 7,787 Ann Wash & Bal. October. .. A tch Top & S Ft). November 5,439,579 1,779,095 25,517,30 l 273,771 278.885 995,528 A tlan ta & Oliar.. October.. 308,098 39,517 45,508 A t l K n ox v & No. December. 0,171 11,344 48,757 A tla n tic & Blrm Novem ber 666,208 619,109 3,124,828 A t l Coast L in e ... November 109,800 20,260 19,530 A tl Vafd & West. Novem ber 37,693 7,694 9,005 B a lt Ann S L .. O ctob er... B alt & O h io.... I Novem ber 4,274,611 3,885,241 21,762,804 B & O So nth w . ( 693,090 Bangor & Aroost Noveiubo r 140,311 113,673 14,533 8,509 5,937 Bath & H aw mo u October. . O ctob er... 15,952 19,199 B ella Zanes&Cin November 21,700 4,940 4,187 B ellefonte Oent’J 17,211 4,327 4,319 B rld gt & Saco K . October. .. 2,954 3,478 Bull' A ttic a & Arc- O ctober.. Buff Rock & cuts; 4tk w kD ec 127,574 141.900 3,356,993 361,055 75.823 08.218 Buffalo & S u sq ... November Burl C Rap & No December. 460,810 114,634 2,882,892 Canadian Pacific 4th w xD ec 1, 201,000 1,049,000 19,860,817 CentT of Georgia 4th w k Dee 226.822 196,328 4,046,950 58,894 268,837 49,189 Cent’l N ew En g.. iNovember CentT o f N Jersey Novem ber 1,513.047 1.380,267 7,180,106 Central Pacific.. October. . 1,935,455 1,872,638 7,675,592 1,792 47,658 1,928 Chattan South’ n. 4th w k Dec Chesap & O h io... 4th wk Dec 348,566 378,317 8,463,721 813,562 721,036 4,142,332 Chic < A lton R y. Novem ber fc Chic Burl & Quin Novem ber 4,596,265 3,965,786 21,223,661 Chic & E Illin ois. 4th w k Dee 143,000 122,500 3,122,638 Chic G t Western. 4th w k Dec 200,671 169,199 4,003,436 Chic In d & L ’ v . . . 4th wk Dec 108,421 107,601 2,361,098 Chic M ilw & St F 4th w kD ea 1,353,377 1,217,299 24,386,243 Chic & N orth W ’n Novem ber 4,046,328 3,483,189 21,052,229 Chic Peo ib St L > December. 119,334 132,161 730,358 S t L C h & S tP $ Chic R I & P a c ... Novem ber 2,489,188 2,136,260 13,924,546 Chic S t P M & 0 . November 1,079,878 925,404 5,391,647 36,354 792,999 35,598 Chic Term T r RR ith w k D e c Choc Okl & Gulf. 4th w kD ec *146,211 *107,438 *3,057,580 87,517 88,549 2,607,920 Cm N O & T Pac. 3d w k Dec Cl Cin Club St L. Ith w k D e c 557,733 512,018 10,003,551 79,902 70,981 1,323,460 Peoria & East’n 4th w k D ec Clev L o r & Wheel December. 183,776 141,217 1,348,219 92,815 2,806,487 Colorado & South 4th w kD ec 114,200 57,095 16,716 17,709 Col New b & Lau. October.. 4th wkDec 29,578 20,846 Col Sand & Hock 631,563 Novem ber 28,700 162,869 13.960 Cornwall & L e b .. 90,231 95.823 518,967 Cumberl d V a le y Novem ber 48t wk Jan 200.700 175.900 6,517,668 D en ver & R io Gr 4th w kD ec 35,120 638,631 35,249 D etroit Southern. 63,160 331,310 55,334 D et & Mackinac. Novem ber 70,529 D e l So Sh & A tl.. 4th w kD ec 57,798 1,380,412 70,617 17,297 12,196 E 8t L & Carond. Novem ber E r ie .................... Novem ber 3,545,220 3,169,524 18,217.373 173,512 8,211 8,036 Evansv & Indian Ith w k D ec 760,530 36,023 40,940 Evan sv & T H .. 4th w kD ec 23,101 5,143 6,058 F a rm v & Po what O ctober... 9,610 9,635 33,638 Find F t W & W . September 221,214 395,247 935,174 F t W & Denv City November 187,664 163,361 836,862 Georgia R R ........ November 523,274 99,868 104,429 Ga South & Fla.. Novem ber 152,887 36,081 32,679 Gila V a l G A N\. Novem ber Gr Trunk System ith w k D e c 779,027 831,100 15,278,282 3d wk Dec 87,997 105,926 2,034,222 Gr T r & W est’n 27,253 D et Gr H A M .. 3a w k Dec 569,919 20,887 Great N ortli’n — St P M in n & M . December. ;I,752,577 2,013,804 16,597,196 East’ n of Minn. December. 368,987 251,061 3,105,177 857,642 110.708 203,007 Montana Cent’l December. T otal system. December 3,232,272 2,467,872 20,559.915 80.586 Hooking Valley.. 4th wkDec 92,049 2,697,239 Ho us < T ex Cent October.. b 001,177 740,643 1,927,367 Illinois Central.. December. 3,394,118 3,267,706 20,616,022 Illinois Southern December. 70,690 11,277 8,550 Ind Dec < West’n Ju ly......... fe 59,698 55,928 59,698 Ind 1 1 & Io w a ... October. .. 1 562,796 117,090 308,943 Int & Gt North’n 4tk wkDec 161,075 360,345 2,631,073 88,200 Interne (M e x )___ wk Dec 21 84,900 1,825,700 Iow a C en tra l.... 1st wk Jan 47.586 47,020 1,318,578 November Iron R a ilw a y___ 4,342 6,477 32,985 Kanawha ifc Mie.l 1th wk Dec 54 1,962 21,705 18,568 Kari City Houth’ n November 468,941 380,038 2,151,736 Lehigh & Hudson December. 25,441 190,719 39,376 Lehigh Val RR, O ctober.. 2,894,058 3,015,323 10,087,553 Leh Val Coal Co. October. 2,138,415 679,000 0,921 .100 Lexlng & East’ n . Novem ber 29.371 168,471 23,825 Long Island . ovem ber In c. 36 In c. 52 ,23 5 Lon Hen a. St L. Decern ber. 354,634 51,070 58,484 Louisv < Nasiiv. I ll wkDec 702,900 673,998 15,129,059 b Macon <b B lrm .. November 12,05 52.387 9,622 VIan r tu pio........ November 29,678 1.27 3,208 Many 1and & Penn No vein ber 2 1,718 20,415 (Me/lean Centra) itli wk Dec 533.709 495,208 8,610,306 Mexican intern’ j November 560,533 193,670 2,4 83,649 (Mexican N at’L . 4 wkDec .th 188,43“ 188,003 3,084,963 [Mexican R y Wk Deo.2 1 103.700 87,300 2,037,300 Previous ROADS Year * Week or Month 70,731 Mexican South'll 3d wk Dec 1,097,866 Milieu < So’ w’n. November fe Mineral Range.. Novem ber 879,184 Minneap < St L. 1st wk Jan te 399,725 M St P & S St M . 4th w kD ec 390,094 Mo Kan < Texas 1th wk Dec fc 915,038 Mo Pac & Iron M i 4th w kD ec 21,442 Central Branch Ith w k D ec 22,189,987 th Total............ 1 wk Dee 959,176 Mob Jack & K O. Wlc Jan. 4 244,592 M o b ile* Ohio..! December. 26,418 Mont & Mex Gull November 3,004,205 Nash Oh & St La. December. 90,404 Nev-Cal-Ore..... December 32,669 Nevada Central.. Septembei 19,480,351 N Y O & Hud Ri\ December. N Y Ont < West. Novem ber fc 596,087 N Y Susq & West Novem ber 17,954 Norfolk & West’ i 4tli wlc flee Northern Central Novem ber 15,559 North’n Pacllic.fi 4th w kD ec 15,309 Ohio & Little Kanawha....... September 2,935,539 Pacific. Coast Co. Novem ber 302,999 Penn—EastP&E. Novem ber 2,610,587 West P & E _ Novem ber _ 16.285.042 Pere Marquette.. 4th w k Dec 3,654,420 Phtla & E rie...... October. .. 303,889 Phila Wilm & B.. Novem ber 6,537,935 Pine Blf.ito Ark.R. Oft to her . 7,248,764 Pittsh C C & St L Novem ber 52,657 P.ttsh & West’n. O cto b er.. 7,956,966 Pittsh Cl & Tol O cto b er.. 3,972,101 Pittsb P a & F.. O ctob er... 22.355.043 Total system... 3d w k Det 2,854,681 Plant System— ) 3,604,536 Ala Midland. 1 2,106,029 Bruns & W ’n. I Novem ber 22,393,25a Chas & S a v... | 19,179,463 Sav Fla & W . | S ilS O c & G .. ) 709,461 Reading Co.— 12,112,523 Phil & Read___ Novem ber 4,950,526 C o a l* Ir C o ___ Novem ber 715,415 Tot both Co’s.. Novem ber * 2 , 101,110 Rich Fr’ksb & P . O ctober... 2,319,619 Rio Grande Jet.. O ctober... 9,272,551 Rio Grande So... 4th w kD ec 1,205,695 Rio Gr’de W est.. December. 1,019,246 Rutland............. October. . 2,466,321 St Jos & Gr I ___ Novem ber 55,896 St L Ken’et & So. Novem ber 534.753 St L & N A rk ...... October .. 105,826 St L & San Franc; 4th wkD ec 474,560 St L Southwest ith w k D e c 6,266,760 S tL V a n & T H .. Novem ber 590,910 San Ant & A P ... November 336,920 San Fran * N P „ December. 1,315,686 San Pedro LosAn61,914 geles & Sait L. Novem ber 16.146.043 S Fe Pres & P li... 2d w k Dec 178,760 Sav Fla & W est.. No vein tier 743,480 Seaboard A ir L.. 4th wk Dee 23,461 So C & Ga E x t ... Novem ber 30,009 So Haven & East. Novem ber 896,563 Southern I n d ___ December 777,134 So Miss & Ark ... November 503,636 So Pacific Co b... November 156,034 Cent Pacific___ October. .. 14,536,283 Gal Har & S A. October. . 1,977,591 Gal Hous < No September te 538,991 GulfW . T. & P. O cto b er... Hous. E. &W.T. October. .. 12,407,856 Hous. & SiB'ev. October. .. % 274,553 IIous&TexCen October. .. 1,077,860 Louis’a West... October. .. 15,760,269 Morgan’s L & T O cto b er... 2,433.785 N Y T & Mex .. O t o ile r ... 1,885,236 Tex & N O rl.... O cto b er... 18,456,700 So Pae of Cal .. O cto b er. 59,985 So Pac of Ariz. O ctober... 55,928 So Pac of N M . October. . . 400,392 Southern Railw’y 4th w k D ec 2,623,554 Terre H & Ind ... Novem ber 1,885,180 Terre H & P eor.. Novem ber 1,212,333 Texas Central 3d wk Dec 22,102 Texas & Pacific.. 4th wkD ec 450,950 Tex S V & N W O ctober... 1,847,017 Tol & Ohio C ent. 1st wk .1an s 223,434 Tol P & W est___ fth w kDec 8,023,633 Tol St L & W ...... ith w k D e c 6,153,718 Tor J lam & B u ll. 3d wk Dei 15,867 Union Pae RR . , Current Year Previous Year July 1to Latent, hate. Current Year Previous Year * $ $ 384,9X0 19,120 16.524 33:*, 200 3,251 ..... 260,487 274.129 48,046 48,927 54,223 1,907,363 1,708,326 56,037 127,648 f 22,904 3,382, lOi 2,31 1,033 442,791 415,3 16 8,950,983 7.990,1 57 1,169,000 1,087,000 19,318,00(i 17,015,000 721,000 38,000 35,000 723,000 1,207,000 1,1 22.000 20,171,291 17,73 1,305 81,21 1 70,123 2/109 2,700 553,700 584,700 3,122,806 3,1.26,676 560,847 113,667 100,363 601,48s 622,578 631,636 3,913,21 8 3,849,417 88,569 85,117 9,679 11,218 9,091 8,3 04 2.314 2,970 5,690,120 5,601,381 37,864,688 34,464,323 501,422 460,365 2,628,932 2,100,242 903,408 249,945 225,875 1,248,611 308,680 371,003 8,589,987 8,136,522 742,937 772,537 3,673,214 3,288,714 952,305 741,891 22,823,604 18,112,767 48,207 16,428 46,124 16,991 433,294 427,833 2,385,116 2,428,435 8,073,524 7,788,524 40,662,297 36,937,697 Inc 4,2 20,300 In c. 8 / 3,400 239,093 230,358 4,872,495 4/101,854 709,718 489,194 2,694,450 2,058,302 990,559 964,459 5,120,535 4,938,335 5 979 3,598 1,871,493 1,588,262 9,153,601 7,907,921 910,384 758.250 244,738 214,463 135,300 109,706 565,275 414.668 36,912 196,641 205,262 38,140 55,043 67,764 2,138,626 1,879,171 744,184 678,419 3,173,132 3,022,370 2,666,265 2,476,476 12,832,984 11,424,176 3,034,545 2,530,148 12,821,381 10,826,344 5,700,810 5,006,624 25,654,365 22,250,520 340,095 308,761 89,827 82,694 61,462 222,067 222,193 62,979 301,079 15,273 13,429 292,668 446,100 365,200 2,768,847 2,542,100 671,140 195,632 173.504 778,206 642,582 109,878 91,443 584,038 72,416 13,495 57,024 14,426 80,166 7,152 21,417 34,332 549,911 482,687 10,983,802 9,437,427 199,019 265,564 3,848,830 3,869,994 176,741 913,578 159,077 847,878 250,311 287,281 1,184,332 1,206,227 628,626 75,458 85,526 568,595 18,000 19,743 / 744,184 260,643 25,878 5,018 48.677 21,628 7,484,233 1,935,455 085,328 40,887 13,/ /3 96,842 23,522 601,477 177,346 836,647 38,577 257,519 1,911,618 400,658 237,487 938,768 139,467 47,117 14,521 4=75,181 17,500 47,630 29,778 75,648 '7,932 9,418 19,568 t 678,419 251,872 26,428 4,606 31',103 16,110 6,727,799 1,872,638 650,211 19,875 17,694 92,028 20,589 740,0-13 158,317 809,099 30,528 244,171 1,723,145 332,264 179,009 935,348 133,488 48,521 20,678 449,143 16,900 44,676 30,576 64,803 7,979 5,926 Dreg RR < N [• Novem ber 4,438,497 3,829,513 fc 339,097 Oreg Sh Line. ) 13,856,81.5 Wabash.... ........ 1st wk Jan 3 19,079 311,058 46,007 W Jersey & Soa'e Novem ber 217,103 206,563 35,456 W V Cen & P it t .. Septembei 102,167 95,338 Wheel & L K. ... December. 219,468 251,682 8,235,891 Wichita Valley... Novem ber " o,3:>o 6,938 S5,0(»o 2, '.32,120 Wisconsin Cent.. l st wk Jan 82/1=85 3,054,881 (Vrightsv & T ' ji .. ()e to b o r. 16,8 17 17,375 2,030,900 Yazoo & Miss V .. December. 630,607 737,959 Figures from N ovem ber 1 are fo r the railroad only. 448,936 419,379 /3.173,132 /3,022,370 5,618,699 5,205,411 112,751 115,939 317,373 98,976 36,322,4=97 7,675,592 2,414,690 106,634 59,581 300,1 52 72,282 1,927,367 606,036 2,787,718 131,796 981,695 7,294,330 1,388,122 824,937 18,955,080 714,539 249,673 339,404 6,166,078 49,700 1,534,278 604,125 1,319,352 245,245 192,631 88,610 32,130,794 7,248,704 2,135,458 74,177 51,037 257,065 55,785 1,885,236 514,752 2,455,691 90,697 817,437 6,271,894 1,146,410 626,999 18,107,786 696,659 233,121 353,290 5,702,149 47,000 1,352,015 606,142 1,135,514 170,733 21,548,859 19,910,903 10,286,698 1,972,932 309,588 1,784,4:94 9,415/173 1,874,932 286,5 46 ; 1.547,247 3,117,726 2,8.2 3,067 45,905 57,763 3,370,012 3.1 86,722 |Mexican uurren Line, not previously reported, . Paul & Duluth lor both years. 1 " > last year. r / These ligi S ilver Springs Ocala & (I J Ft, Worth * Rio Grande D O THE CHRONICLE. T o t u lg fo r F is c a l Y e a r. 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 roadi that still have their own fiscal years. These with their dates are brought together in the following. For the month o f December 75 roads (all that have f u r nished statements for the f u l l month as yet) show as follows: Period. A tlan ta & Charlotte A ir Lin e IApr. 1 to Oct. Jan. 1 to Nov. Burlington Cedar Rap. a N o Jan. 1 to Dec. Central o f New J ersey.,........ Jan. 1 to Nov. Chicago & North Western.. J one 1 to Nov. Chicago Rock Island A Pao. Apr. 1 to Nov. Chic. Bt. P. iMinn. A Omaha iJan. 1 to Nov. Choctaw Oklahoma t G u lf. Nov. 1 to Deo. Cumberland V a lle y ............. Jan. 1 to Nov. East 8 1 Louis A < arondelet Jan. 1 to Nov. U't. W orth A Oenver C ity...... Ijan. 1 to Nov. In tern ation al A Gt N orth ’n. Jan. 1 to Deo. Lehigh V a lley R R .................. Deo. 1 to Oct. Lehigh Vallby C o a l............... Deo. 1 to Oct. M anistlque............................. Jan. 1 to Nov. M exican Central .................. Jan. 1 to 1)ec. M exican In tern a tion a l......... Jan. 1 to Nov. M exican N a tlo n a l................. Jan. 1 to Dec. Mexican R a ilw a y................. Jan. 1 to Dec. M exican Southern ................ Apr. 1 to Dec. Missouri Pacific..................... Jan. 1 to Dec. Central Branch................... iJan. 1 to Dec. T o t a l....................... .......... Jan. 1 to Dec. _ M onterey A M exican G u lf_ Jan. 1 to Nov. Northern C e n tr a l................ Jan. 1 to N ov. May 1 to Apr. Paolflo M a ll......... ......... Pennsylvania, East of P. A E. Jan. 1 to Nov. W est o f P A E.................. Jan. 1 to Nov. Pere M arquette...................... Jan. 1 to Deo. Philadelphia A E r ie .............. Jan. 1 to Oct. Phlla Wllm’g ’n A Baltim ore. Nov. 1 to Nov. Pitts. Ctnoln. Chlo. A St. L . . . Jan. 1 to N ov. Rio Grande J unction............ Deo. 1 to Oct. St. L. Vaiulalia A T erre H .... Nov. 1 to Nov. South Haven A E astern ........ Jan. 1 to S ep t South. Missouri A Arkansas.. Jan. 1 to Nov. T erre H au te A Indianapolis.. Nov. 1 to Nov. l'erre Haute A r e o r la ........... Nov. 1 to Nov. Texas A P a o lflo ...................... Jan. 1 to Dec. W est J ersey A Seashore....... Jan. 1 to Nov. j C urrent Tear, L a t e s t Dross E arn in gs b y W e e k s . — In the table which follows w e sum up separately the earnings for the latest week. The table covers the fourth week of December a n d shows 6*09 per cent increase in the aggregate over the same week last year. 4t h week of December. A 1901. $ 1900. Increase. Decrease. $ $ $ 65 ,4 44 Southern... 6 9 ,9 2 7 A titi A r b o r ............ ......... 5 7 ,1 r 4 5 8 ,2 4 5 1 2 7 ,5 7 4 1 4 1 ,9 0 6 Buffalo Roch. & Pittsh’ g. Canadian Paolflo ........... 1,2 0 1 ,0 0 0 1 ,049.00C O -ntrai o f G e o rg ia ___ _ 1 9 6 .3 2 8 2 2 6 ,8 2 2 Chattanooga Southern... 1,792 1,92 8 3 7 8 ,3 1 7 Chesapeake & O h io........ 3 4 8 ,5 6 6 1 2 2 ,5 0 0 1 4 3 .0 0 0 OhloaKo a East. Illin ois. 2 0 0 ,6 7 1 1 6 9 ,1 9 9 Chloago Great W estern. 1 0 7,60 1 Ohio. Indian'lis A Louisv. 1 0 8 ,4 2 1 Chicago M llw. A St. P a u l. 1 ,3 5 3 ,3 7 7 1 ,2 4 7 ,2 9 9 3 5 ,5 9 8 Chic. Term . T ran sfer___ 3 6 ,3 5 4 1 4 6 ,2 1 1 1 0 7 ,4 3 8 Choc. Okla. A G u lf....... 5 1 2 018 Clev. ( i 1 . Chlo. A St. L .. 5 5 7 ,7 3 3 70,981 7 9 ,9 0 2 P eoria A Eastern ___ 9 2 ,8 4 5 Colorado A Southern.. 1 1 4 ,2 0 0 2 9 ,5 7 8 2 0 ,8 4 6 Col. Sandn-ky & Hooking 2 8 5 ,9 0 0 3 c 5 , 10 0 D enver A Rib Grande . 3 5 ,2 4 9 D etro it S ou th ern .......... 3 5 ,1 2 0 Duluth So. Shore A A tl.. 5 7 ,7 9 3 7 0 ,5 2 9 8,211 Evansv. & Indianapolis. 8 ,0 3 6 Evansv. A T erre Haute 4 0 ,9 4 0 3 6 ,0 2 3 Grand T ru n k ............. ) Grand Trunk W e s t.. > ■ 8 3 4 ,1 0 0 7 7 9 ,0 2 7 Det.Gd. Hav. & M ilw. j 92 049 H ooking V a lley .............. 8 0 ,5 8 6 1 6 0 ,3 4 5 Int. & Great N orth ern .. 1 6 1 ,0 7 5 Iow a C e n tra l... _______ 6 5 ,3 9 7 6 1 ,6 0 6 1 8 ,5 6 8 Kanaw ha A M ich igan ... 2 1 ,7 0 5 7 0 2 ,9 0 0 6 7 3 ,9 9 8 Lou isville A N a sh ville.. 5 3 3 ,7 0 9 M exican C entral............ 4 9 5 ,2 0 8 M exican N ation al........... 1 8 8 ,0 0 3 1 8 8 ,4 3 7 62 ,0 2 2 8 7 ,8 5 8 Minn. A St. L o u is ___ ... 1 2 2 ,9 0 4 Minn. S t P. A 8 . Ste. M L. 1 2 7 ,6 4 8 4 4 2 ,7 9 1 4 1 5 ,3 4 6 Mo. Kansas A T e x a s ___ Mo. Pacific A Iron M L... 1 ,1 6 9 0 0 0 l,0 8 7 , c 0 0 Central Branch ... 3 5 ,0 0 0 3 8 ,0 0 0 2 ,4 7 2 1,991 Mob. Jackson A K. City.. N o rfo lk A W estern ..., . 371,003 3 0 8 ,6 8 0 7 4 1 ,8 9 1 9 6 2 .3 05 Nortnern P a c ific ......... 2 3 9 ,0 9 3 P ere M arqu ette.............. 2 8 0 ,3 5 8 13 .4 2 9 15,273 R io Grande Southern---5 4 9 ,9 1 1 4 8 2 ,6 3 7 St. Louis A San F r a n .... 2 6 5 ,6 6 4 St. Lon 1 Soutltwester. .. s 1 9 9 ,0 1 9 2 5 1 ,8 7 2 200/43 Seaboard A ir L in e .......... 9 3 5 ,3 4 8 9 3 3 ,7 6 3 SoQtnern Railway ---- . 4 4 9 ,1 4 3 4 7 5 ,1 8 1 Tftxftfl & Pacific ____ . 6 1 ,6 0 3 6 9 ,9 0 4 Toledo A Ohio C entral.. 30.56 2 9 ,7 7 8 Toledo Peoria A W est’ n . 7 5 ,6 * 8 6 4 ,8 0 3 T o l St. L. A W est........... 4 9 8 ,1 2 1 5 2 6 ,8 0 6 W a b a s h ......................... 1 2 9 ,9 7 1 1 3 5 ,0 0 0 Wisconsin C entral......... a n <H. T o ta l (5 2 ro a d s )......... 1 4 ,4 3 1 ,1 4 0 1 3 ,6 0 2 ,6 0 4 Net increase (6 09 p. 0.). 1 4 ,3 3 2 1 5 2 ,0 0 0 30 ,4 9 4 136 5-35 M et E a r n i n g s M o n t h l y t o L a t e s t D a t e s . —C ross O u rren t tea r. E a r n i n g s . ---P re v io u s T ea r. Roads. / —R e t Karrinos —— • O u rren t T ea r, P re v io u s T ea r. $ % $ $ 4nn A rb o r.b ...... Nov. 168,218 150,839 30,461 f 0,833 July 1 to Nov. 3 o ... . 801,172 715,267 255,884 163,856 Atl. K n o x . A N o.a Nov. 57,815 39,<) 60 27,247 10,833 262,590 July 1 to N ov. 3 o __ 205,075 103,982 66,551 A tlantic Coast I.,a .N o v . 666,208 619,10 » 262.766 264,164 July i to Nov. 3 o ... . 3,124,828 3,004,265 1.077,789 1,166,902 Ohio. In d .A L o iils. a.N ov. 381,368 338,058 150,388 121,104 July 1 to Nov. 30 . 2,012,481 1,701.736 839,517 670,285 hie. ft I . A F a o a ..N o v. 2,499,188 2,136,266 810.196 718,650 Apr. 1 to Nov. 3 0 ... .20,248,807 17,669,803 7,409,712 6,174,180 23,700 Oornw’ U A L eb 'n .a .N o v , 13.960 13,981 4,271 July 1 to Nov. 30 ... 162,869 105,826 81,112 41,010 »eov. A R io G ’de.b.Nov. 1,011,506 988,173 349,129 318,086 July 1 to Nov. 3 0 ... . 5,345.068 5,147,760 2,117,798 1,921,734 etro lt & M soil'd, a Nov. 6 <,160 55,334 10,038 10,439 July 1 to Nov. 3o .. . 331,310 336,920 63,861 96,534 Jr Trunk o f Can. ..N ov. 2,041,052 3,918,100 720,257 695,437 July 1 to Nov. 30 10,681,448 9,849,512 3,740,955 3,542,398 Or. Trunk W est...N ov. 324,116 361,589 54,506 74,916 July 1 to Nov. 30 .... 1,769,932 1,706,716 250,630 238,950 Dot. Gr. H. A M il.N o v. 98,792 96.845 25,793 24,820 July 1 to Nov. iO ... 49 >,010 475,954 135,778 116,312 Illinois C en tral...a.N ov. 3,485,361 3,142,838 1,141,370 1.022.026 July 1 to Nov. 30 .. .17,221,904 15,188,994 5,409,666 4,139,303 29,374 e x in g ’ n & E ast.h. Nov. 23,825 7,852 7,581 July 1 to N ov. 3 o___ 169,474 145,867 63,184 50,898 52,802 13,345 ou H e n .A S t l . b . N o v , 54,488 15,588 300,658 July 1 to N ov. 3 0 ___. 280.613 86,317 93,349 12/55 Macon & BirnaingbN ov. 9,622 4,422 691 52,387 46,007 July 1 to N ov. cO ... 6,396 1,037 18,432 vi exl can Telephone Nov. 10.153 7,357 7,181 159,139 Mar. I to Nov. 30 138.350 70,756 61,707 Nev.-Cal.-Oregou.a.Nov. 15,691 17,043 5,077 6,981 78,8)0 July 1 to N ov. 3 0 ___ 73,899 33,851 30,913 433,291 42^,833 '’ acttio Coast C o ..a N o v . 98,256 90,646 . 2,385,116 2,428,486 548,494 July 1 to Nov. 30 635,250 791,067 712,771 129,634 Pere M arq u ette.a ..N ov. 189,256 Jan. 1 to Nov. 3o.._ 8,427,049 7,555,361 1,931,046 1,795,431 250,311 2 87,281 San A n t.A A ra n .P .a N o v . 101,914 116,696 July 1 to Nov. 30 — 1,184,3 >2 1,206,227 421,805 442,000 934,137 Seaboard A ir L in e aN ov. 869,429 291,578 168,314 4.7C6.372 4.305,547 1,570,813 July 1 to Nov. 30 776,795 Southern Par. < o a Nov. 7,481,233 6,727,799 2.812,527 2,454,594 July 1 to Nov. 30---- 36,322,497 32,130,794 13,759,392 11,798,397 689,013 775,493 356,111 348,603 Yazoo A M i88.V aLa.N ov. 818,989 956,062 July l to Nov. 3 j ___ , 2,746,005 2,448,763 In te re st C h a rg e s an d S u r p lu s * — T h e fo llo w in g r o a d s , in n e t e a r n in g s g iv e n in th e fo re • g o i n g , a ls o r e p o r t c h a r g e s f o r in t e r e s t , & c , , w i t h t h e s u r p lu s — f., rentals, etc.---- « <~Bal. of N e t B a r n 's . - * in Ourrent Previous Current Previous Tear. Tear. Tear. T ea r. -* 129 175 4 ,9 1 7 5 5 ,0 7 3 1 1 ,4 6 3 730 "3 ,7 9 1 3 ,1 3 7 2 8 ,9 0 2 3 8 ,5 0 1 434 5 .83 6 4 ,7 4 4 2 7 ,4 4 6 8GOOO 3,001 431 6 2 ,3 2 3 2 1 0 ,4 1 4 8,73 5 1,844 6 7 ,2 2 4 Roadt. 8 $ 9 319,000 491,198 316,997 Ohio. R. Isl. A P a o...N ov. Apr. 1 to Nov. 30___ 2,552,000 2,535,916 4,857,712 203,691 203.991 (140,787 Jen. -a R. G r a n d e . . . Nov. 1,026,465 1,023,605 (1,125,877 July 1 to N ov. 30 — 2,210 2,250 2,-67 Nev.-Cal.-O regon... Nov. 11,250 11,170 22,681 July 1 to N ov. 30 ... 2,704 126,930 112.754 I’ ere M a rq u ette....N o v. 608,442 Jan. 1 to Nov. 3 0 ---- 1,352,601 1,212,811 Southern Pao. C o ...N o v . a 2 ,365.830 ........... *521,336 July 1 to N ov. 30___a li0 6 7 2 5 9 ........... *3,124,011 8,771 3 ,4 2 0 2 6 ,0 3 8 8,30 1 R A IL W A Y S 798 AND T R A C T IO N C O M P A N IE S . The following t a b l e shows the groan e a r n i n g s f o r the la t e s t railways f r o m whioh we a r e able to tain weekly or monthly returns. The a r r a n g e m e n t o f Gable is the same a s that f o r the s t e a m roads— t h a t is, first two o o lu m n s o f fig u r e s g i v e the g r o s s e a r n i n g s f o r p e rio d o f a ll street 1 0 ,8 4 5 2 8 ,' 85 5 ,0 2 9 $ 401,658 3,638,204 (143,702 (925,936 4,731 19,661 76,502 532,620 ( These figures are a fter a llo w in g fo r other inoome and fo r discount and exohange. A ft e r deducting $10,000 fo r Renew al Fund and bond conversion In N ov., 1901, and $10,000 In N ov., 1900, the surplus for the month is $130,787, against $133,702 a year ago. From Ju ly 1 to N ov. 30, 1901, the deductions fo r this purpose w ere $50,000, against $70,001 a year ago, lea viu g a surplus o f $1,075,877 in 1901, against $855,936 in 1900. * A fte r a llow in g fo r o th er Inoom e reoelvod a These figures fo r N ovem ber inolude $1,001,931 appropriated for betterments and additions to properties and equipment; from Ju ly 1 to N ov. 30 the amount expended fo r these purposes was $1,256,191. STREET 6 6 ,5 1 5 8 2 8 ,4 7 6 $ 3,099,719 A b o v e o r d e fic it b e l o w t h o s e c h a r g e s . 12,731 1 ,0 7 7 ,7 7 8 P e r C en t. It will be seen that there is a gain on the roads reporting in the amount of $3,099,719 or 5-35 per cent. id d i t io n to t h e i r g r o s s a n d 2 9 ,7 5 1 ........ In c r e a s e . a N et sarnings h e r e g iv e n a re a ft e r ded u ctin g t a x e e . b N e t earnings here g iv e n a re b e fo re ded u ctin g ta x e s . 4,483 1,091 2 0 .5 0 0 3 1 ,4 7 2 820 1 0 6 ,0 7 8 756 3 8 ,7 7 3 45 ,7 15 8,92 1 2 1 ,3 5 5 8 ,7 3 2 19 ,2 06 1900. $ $ ‘Iross earnings (75 roads) 61,014,397 57,944*678 Previous Tear. $ $ 81 1,1*40,320 1,472,515 30 47, 0 39,528 31 5 238,824 4 848.281 30 15 073.7V4 13,927,5'5 30 24 968,33 22 867,625 30 2 ) 248,8i 7 i 7 669 803 30 i0,2 i 0,142 9 4 62 240 936,720 31 728 3 0 80 1,0'4,374 911,4 66 30 149,58 143,236 30 1 950 006 1,624,956 31 5 024,408 4,486,576 31 25 563,141 22 233,290 31 19 642,095 16.496 050 30 88 51 1 99,6 >9 31 17 470,792 i7 2L5 K66 80 5,413,780 4 904,146 3t 7.«1 1 410 7,716,107 21 4 241 800 4.391 8 0 21 632 728 001 889 31 15.256,958 0 8 5 196 31 1,312,4 7 1,335,311 31 30 910 82- 12,365 473 30 1,276,387 1,267.549 30 7,624 10- 7.088,703 30 8.071,166 4.817.6.0 30 35 493 00- '7.759.008 30 Inc. 6.1 96 1 00 31 9 136 16< 8,245,699 81 5,679.167 4 092,3 1 1 30 990,559 964 459 30 18 904 658 '7.291 446 522,257 31 506.450 0 176,741 159,077 30 51 7< 7 52.188 30 202 452 169 759 30 139,467 133,488 47,117 3( 48,521 31 1 .713 550 9 751.121 1 30 3 465 584 3,276,084 1901. M o n th , o f D e c e m b e r . i Latest tiros * Earnings. R oads. [V l lxxiv, o. ob th e th e he la te st w e e k o r m o n t h , a n d t h e la s t t w o c o lu m n s t h e e a r n i n g s 2 4 9 ,2 9 7 tor t h e c a le n d a r y e a r f r o m J a u u a r y 1 to a n d i n c l u d i n g s u c h la te s t w e e k o r m o n t h . THE CHRONICLE January 11, 1902,] !)1 9 STREET KAIL WAYS AMIJ TRACTION COMPANIES. L a te st G ross Jan. E a rn in g s , 1 to L a test P a ir G r os s ex [tenues d ’o l n g the year for the following: Improvement of grade, $10,372 ; 4 new passenger ears, $25,850 ; pili.olpal of equipment obli gati ns, $32.» 0 . A ll available Income has been expended upon the track and equipment. T h e e a r n in g s , e x p e n s e s a n d b a la n c e s h e e t E a r n in g s . W eek, or Mo Vur’nt Prev’ut Year. Year. Alton Ry. Gas & Eloo. American K’ys. Do.* Augusta (Ga.) Ry. A Eleo...................... Binghamton RR..... Br’klyn Rap.Tr. Co. Chicago A Mil. Elec.. Oin. Newp. * Cov— City Elec. (Rome.Ga.) Clev.ChagrinF’s El'o Cleveland A Eastern Cleveland Electric .. Oleve. Ely & West... Oleve. Palnsv. & E... Consol. Trao. (Pitts.) Dart. A W ’port St. Ky. Denver City Tram.... Detroit United........ Rapid Railway..... Xotftl Dulnth-Sup. Tract. ) Dnlnth St. Ry— Y Elgin Aurora & Sou Galveston City....... Harrisburg Traction. Internat’l Traotion— (Buffalo).............. Lehigh Traction..... London 8t. Ry.(Can.) Mad. (Wls.) Traction Mass. Elec. Co.’s..... Montreal Street R y. Muscatine St. Rv .. New Castle Traotion. New London St. Ry.. Northern Ohio Tract. Olean St. Ry........ .. Philadelphia Comp’y Pottsv’e Union Trao. Railways Co. Gen.— Roads....... .......... Light Co’s............ Richmond Traction. 8acramento ElectricGas A Ry............ 8t. Louis Transit___ Schuylkill Traction. Scranton Railway. Sioux City Tract..... Southern Ohio Tract Staten Island Elec Taooma Ry. A Power Toledo Rys. A Light. Toronto Ry............ Twin City Rap. Tran Union (N. Bedford). United Traction— > Albany City { United Tract. (Pitts.) United Tract. (Prov.) Current Year. November December. $ $ $ 11,712 10,006 82,370 68,201 878,566 October... November October. November September November November N vein her December. No vein her November Not eoobei Novemb- r November 4th wk Deo. 4th wk Dec. qtliwk Dec. . November December. No \ember October. .. 18,031 15,775 169,95< 15,107 13,6 If 185,10: 1 ,087.106 991,454 10163940 12,041 159,454 9,782 - - - •. . . . . . . . . . 610,645 3,177 37 67 3,00< 43,670 4,:t)6 4.227 7,753 5,591 82,91< 199 b88 185,53.’ 2,296.898 21 125 15,813 229,853 13 22- 10 9/5 153.0 -1 200,839 235,54f 2,796.396 8,007 7,450 113,731 118.883 10 *,768 L 374.781 89 999 77.518 2,913,748 ____ ____ _ 8,0 1 7,862 98,610 85,3«0 38 956 37,151- 412,901 30,199 27,595 361,603 lo,010 32,163 27,103 October. November 'ecetnber November November December. Navem br November November November November November October. 580 501 10.419 12 947 5 506 431 036 156.712 6.531 9,474 3,865 49 2*8 4 200 288,971 13.737 Freviou • Year. $ 796.108 Earnings— Passengers.............. ....... Freight.................... ....... Mail, express, etc — ...... 1900-01. $ 309,750 718,058 129,271 1899 00. $ 288.678 059,171 130,055 1898-99. $ 262,297 (, 90,238 124,122 1897-98. $ 253,783 607,4( 0 121,408 976,657 982,651 186,768 90,876 398,528 30.063 189,838 77,138 411,204 31,252 706,855 (72-37) 269,802 709,532 (72-21) 273,119 195.800 28,262 45,391 195,800 26,021 45,730 269,453 349 267,551 5,568 ... Total................. ....... Balance, surplus..... ....... 312,314 7,167,143 1,798,518 62.658 119.556 57.814 475 310 46.9?8 2.206,580 120,008 200,7(2 17,850 169,748 156 909 12,603 1,86( 20,72' EARNINGS ANI> EXPENSES. 157,049 Total........................ 1,167,079 1,077,904 166 109 Expenses— 10066066 227,086 131 066 Maintenance of way, etc.. 2f 6,483 126,224 Do. of equipment 142,924 588,710 423,128 36.976 Transportation....... ....... 448,559 30,6:4 u0 458 45,152 General.................. ....... 57,722 ....... 878,635 806,896 Total ................ 2,061 585 (74 86) 161.674 P, o.of oper. exps.to earns. (75-93) 1S11H6 Net earnings........... ....... 278,444 271,008 2,003,140 Expenditures— 95.706 Interest on bonds. .......... 195,800 196,800 1,187 728 Other interest.......... ....... 31,290 31,233 2,570.375 Taxes..................... ....... 43,2/9 50,090 234,1 52 3,998.737 8.101 118,228 11,043 141,845 64,26c 401.709 5,431,203 147.4u3 1,910,314 5,915 05,779 7,141 115,080 3,55* 64,4 65 40,932 563,527 3,934 49,629 209.670 2,745,743 11,082 143,774 November 16,101 2,083 November September 20.991 h a v e been : 2,216 663 101,711 119,109 270,262 746 277,180 1,264 BALANCE SHEET JUNE 30, 1900. 1899. 1898. 1901. $ A ssets— $ $ $ Road and <qulpment ....... 9,474,180 9,506,986 9,327,173 9,304,660 89,961 81,525 79,474 Cat-h........................ ......... 88,7/0 34.421 57,954 66,208 Due from RRs .agents,etc. 51,966 23,-32 28,672 63,318 Moterialsand miscel. aoots. 58,858 224,106 244,565 2*4,918 Balance income acconnt.. 222,843 Total assets................ 9,896,568 9,910,356 Liabilities — Canlta! stock....................4,076,900 4,076.900 First mortgage bonds...... 4,895,(00 4,895,000 Coupon scrip... . ............. 220,275 220,275 Acorued lnt on scrip, etc. 8,496 9.137 Vouchers, etc.................. 135,954 116 055 Coupons matured.........57.040 86,860 Bi le pay. and equip, obi.. £02,903 505,509 9,732,497 9,734,449 4,076,900 4,076.900 4,195,000 4,895,000 220,695 220,695 10,137 9,719 95,892 114,944 78.000 84,400 355,273 332,792 Total liabilities......... 9,896,568 9,510,356 9,732,497 9,734,449 - V . 71, p. 961. 32,37? 380,304 340.800 B o s to n E le v a te d R a il w ay. 436,762 5,312,79 4.004.924 10,18’ 140,097 115,676 ( Report for the year ending Sept. 30, 1901. J 48.780 508,180 504,850 188,678 14,59( P r e s id e n t W i l l i a m A. B a n c r o ft s a y s in p a r t : 24,744 337,741 294 907 47,155 49,729 General Results.—7he operation of the elevated road from Dudley 31,96-4 26 03( 346 397 565.185 St., Roxbury, to Sullivan Square, Charlestown, by way of the Sub 86,169 77,599 1,270,875 1,1*8,269 way, was begun on Jane 10, and of the part called the Atlantic Avenue 145.39? 127.090 1,636,861 1,484,597 loop on Aug. 22. 'I he Increase In traffic revenue duriDg the months 2c 8,517 239 713 2.879 634 2,582,535 in which the elevated road was in operation, as compared with the 21,797 19,016 256,470 230,487 increase in the corresponding months of the previous year, was 8-57 p<-r cent. The average increase for the 118,79. 111,338 1,244,449 1,230,142 per cent, as against 3 54 three previtua years was 4-47 per cent. corre sponding months of the Not171,425 153,65' w.thstiLdir g that the elevated system didnotw orkatfirstw ithpreNovember 203DOI 189,287 2,456,5 89 j 2,174,3 29 ti-ion. it has given from the outset genuine rapid transit From the first the trains have been well filled, and the marked abandonment of parallel surface lines for the elevated road has proved conciu.ively i These are results for properties owned, Its popularity with the traveling public. The total number of subway t Strike of employes in October, 1901. passepgers during the year was 25,373,167. Improvements, Etc.—The company has put into service its two new engines, each of 4.050 horse power, operating a 2,700 kilowatt genera S t r e e t Railway N e t E a r n i n g s . — T h e f o l l o w i n g t a b l e g iv e s tor, at the Lincoln power sration. Provision has been made for two of corresponding size, one at the r e t u r n s o f Street r a i l w a y g r o s s a n d n e t e a r n i n g s r e c e iv e d other engines and generators Charlestown power station. the Lincoln power station and one at the When these this w e e k . I n r e p o r t i n g th e s e n e t e a r n i n g s f o r th e s tre e t are installed, the company will have a motive power of 55,316 horse,, or 3e;,944 kilowatts, at normal capacity, capable of sustaining an r a i l w a y s , w e a d o p t t h e s a m e p la n a s t h a t f o r t h e ste a m overload of 15 per cent for hours of 5,542 kilowatts In addition, so that under stress the generators ought to supply power to the amount of r o a d s — t h a t is, w e p r i n t e a c h w e e k a l l th e r e t u r n s r e c e iv e d 63,6i 2 horse, or 42,486 kilowatts. During the year l?-7 miles of surfaoe track have been built, so that that w e e k , b u t o n c e a m o n t h (o n t h e t h i r d o r th e fo u r t h the surf ace track operated by tbe company 1 now 392-8 miles, end the « S a t u r d a y ) , w e b r i n g t o g e t h e r a l l th e r o a d s f u r n i s h i n g re elevated track 15 ft miles, making a total mileage of 4,08-3 miles. The turns, a n d t h e la t e s t s t a t e m e n t o f t h is k in d w i l l b e fo u n d surface roadbed of the company has been maimalned in thorough re pair. To the surface equipment were added lOu twelve bench open In th e Ch ronicle o f D e c e m b e r 21, 1901, T h e n e x t w i l l a p cars of the company’s siandard pattern, 25 lODg box cars of the stand ard pattern, 24 electric suow-plows, £0 snow sleds and 400 motors. November November December. October... November December. September November December. December. November November November 36 093 47 9.390 10 356 12,638 16.272 25,309 p e a r In t h e is s u e o f J a n u a r y 18, 1902. . Gross Earning*.— Previous C u rren t Yea r. Y ea r. ---- N e t Earnings,— C u rren t Y ea r. Roods, $ $ % Cleveland Eleo.— Jan. 1 to Dec. 31.... 2,296,098 2,061,535 1,030,715 11,620 Elgin Aurora ASo.aDec. 30,199 27.595 105,991 June 1 to Deo. 3 i . .. 226,631 195,544 South. Ohio Traot. Deo. 10.528 25.309 24,744 151,787 Jan. 1 to Deo. 31.... 337,741 291,907 P re v io u s Yea r. 9 940,167 9,377 71,986 10,405 140,542 The following S treet railways, in addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the surplus or deficit above or below those charges. —I n t . , r e n t a l s , e t c . --- r-Kai. of I f e t E a r n ’ s . In te re s t C h arges and S u r p lu s .— C u rren t Yea r. Koads Cleveland Electric.— Jan. 1 to Dec. 31.... O u rren t Y ea r. P re v io u s Yea r, $ * « 244,230 258,483 780,485 P re v io u s Y ea r. 4 Statistics.— E a r n i n g s , y e a r s w e r e a s f o ll o w s : T o le d o P e o r ia & W e ste rn R a ilw a y . ( Report for the year ended June 30, 1901.) P r e s id e n t E . F . L e o n a r d s a y s in s u b s t a n c e : The number of cross-ties lined during the year wan 116,059, costing $47,386. 1, 67 tone of new el eel rail (70 lb.) have been bought and laid during the yen r. In addition to all ex peri nee of maintenance of track arid equipment, $77,820 have he< n p aid out and charged to operating e tc ., fo r fo u r 1900. $ 10,141,209 1899. $ 9,671,440 1898. $ 9,179,096 858,835 835,000 790,323 1.022,002 579,109 4,368,104 1,309,198 602,521 4,080,431 1,150,728 624.543 4,000,990 Total oper. expen.. 7,336,597 Net earnings... 3,456,3/6 Other income....... 76,503 6,8/8,110 3,313 0 9 1 95,785 6,827,150 2,841,290 84,696 6,566,584 2,612,512. 78,156 Total Income.. 3,532,899 Charges................ 2,896,360 3.408,884 2,932,839 2,928,986 2,615,387 2,690,66c. 364,091 Balance.......... 638,539 476,045 313,599 326,577 Dividends......... (5%) 575,000 (4^) 337,500 (£i*)262,5G0 (214)112,500 Surplus........... 681,684 REPORTS. ch arges, 1901. $ Gross earniDgs..... 10,792,993 Operat’g expenses— General................ 698,046 Maintenance— 877,516 Rand & buildings Equipment........ 709,335 Transportation___ 5,051,760 Assets— ANNUAL expen ses, 61,539 138,545 51,099 BALANCE SHEET BOSTON ELEVATED RY. SEPT. 30. 1901. 1000. lfcOl. t L ia b ilitie s — * t C o n stru ctio n , eq u ip m en t, e tc ............... 8 ,936,801 4,157,182 Cash............................ 03(1,800 7,088,637 Hills and acco u n ts receiv ab le.............. 409.313 200,187 D eposit with S ta te 60(1,000 6t0,000 M aterial autl o th e r 216,429 p ro p erty ... 004,11-2 W est End aecounts.4 ,020,046 2,684,02rt M iscellaneous s t ’ks 842,862 an d b o n d s............. 314,862 T o ta l.................. 15,186,674 16,088,776 -V. 73, p, 1350. 214,077 I960. « 10,000.000 io.oco.ooo Comm on stock 0 9 5 ,7 2 0 V ouchers & aec’ts. 421,050 37ft, O i-O N otes payable........ 1 4 9 ,0 6 7 Salaries and wages 133.049 39,698 46,284 lliv and coupons.. 817,076 R en tals unpaid .. 31 ,976 1 3 1 ,8 2 5 131,8:6 do n o t d u e ... 9 6 2 ,5 8 5 In t. \ ta x e s not due 1,027,623 1 0 ,6 6 5 20,282 T ick ets. cti’cHs, Ac. 1,227,208 1 , 2 2 7 , 2 0 8 YVost E nd lease ac. IlHTuage A o th . I'd. 1,323,204 1 , 1 4 3 , 2 6 3 401,970 S u rp lu s.................... 403,509 T o ta l.................. 15,186,671 16,088,776 92 THE CHRONICLE. Albemarle & Chesapeake Canal Co. ('R e p o rt fo r the fiscal year ending September 30, 1901, J President W. G. Elliott says iu part: or.NKh 11 Hr-ia.i-v 1 ’h.e receipts from all sources wore #51,900, while the expenses of maintenance and operation were $la.488, leav ing a net re venue or #33,417 applicable to payment of Interest on the funded debt »nd showing a deficiency thereafter of $1,583. As com pared with the previous Usual year there was a gain of #10,905 in the net revenues- This was Urgely due to the fact that during the fiscal year the canal of the Lake Drummond Canal & Water Oo. was closed for several months for repairs. While the net revenues were so nearly sufficient to pay the interest on the bonds, yet the hoard had to make temporary luans to meet the maturing coupons because of payments to meet the large deficiency of the previous years. There has been a gradual decrease in the expenses of maintenance and operation. There still remains to the credit of profit and loss #163,917 after deducting the deficiency for the present year. K k D i i.'tioN o f I n t e r e s t .— In our last annual report we made refer ence to the fact that It would be necessary to make some arrange ments with the holders of our 7 per oent bonds for a reduction In the rate of interest. As a result of our efforts some of the larger holders of these bonds have agreed to act as a committee to undertake to bring about a proper adjustment. While quite a number of the bonds have already been deposited, yet as they are scattered among many holders, it has been difficult to get them together, but there is reason to hope that the object w ill be accomplished and the rate of Interest finally reduced to such a figure as will enable the company to meet its fixed charges without the use of Its credit in making temporary loans. (See V. 72, p. 1035.) The Jan. (1902) coupon was paid as usual.—Y. 73, p. 139. Edison Electric Illum iuating Co. o f Boston. ( Report fo r the year ended June 30, 1901,) President 0. L. Edgar says: The extensions on the Atlantic Avenue property referred to In the last two annual reports, have now been completed, and the new in stallation has been In successful operation for some months. A vir tual amalgamation with the Boston Eleotrln Light Co. was accom plished on June 24, 1901, although the various legal steps necessary xo complete the transaction was not carried out during the fiscal year of wbioh this is a report. For this reason this report covers only the affairs of the Edison Company. EARNINGS AND EXPENSES, 1900-01. Gross earnings........ ................$1,273,989 E xp en ses ....’. ..................... . 885,386 N et J i-. > 189900. $1,131,758 725,537 1898-99. $1,002,261 664,017 $100,221 CONDENSED BALANCE 8HEET JUNE 30. $338,244 ............ ......... 1901. $ $138,603 1900. $ Cr. 1901. $ 1800. $ Installation............. 4,308,182 4,269,602 Unfinished Install’!!. 1,309.920 230,929 Liverp’l W harf Eat’te 226,912 22o,»12 C ash....................... 84,655 141,998 Stock on hand.......... 78,441 43,845 Notes receivable .... 36,602 30,598 Accounts receivable. 8*,773 78,10/ Open accounts......... 88,152 .......... Capital stock............ 4,310,500 3,920,000 Instal. on new stock.............. 161,735 Trust mortg’e bonds. 180.000 180,000 Accounts payable_ _ 92,178 29,531 Notes payable.......... 700,< 00 100,000 D ivid en d s.............. 107,762 78,400 Sundry open acc’ts,.. 41,403 20,903 Reserve for maint’ee. 506,000 432,000 Premium on new st’k 333,535 40,660 Profit and loss........ . 15,109 62,761 Total.......... ....... 0,286,488 5,025,991 —V. 78, p. 1210 T o ta l.................. 6,286,488 6,026,991 Nova Scotia Steel & Coal Co., Ltd. ( Statement o f November, 1901.) In connection with the bond offering mentioned in V. 73, p. 64, the company makes the followings tatement regarding its bnsin ess and profits. C a p i t a l i z a t i o n .— Common stock in $100 shares, $5,000,000; pre ferred 3 per cent cumulative, in $100 shares, $ 2,000,000; first mort gage 6 per oent gold bonds (1,000 bonds $500 each and 2,000 bonds $ 1,000 each), $2,500,000; total, $9,509,000; of which in the treasury for future needs: Common stock, $1,910,000; preferred stock, $970,OOO, The mortgage provides for periodical payments after July i , 1903, to the trustee, of amounts sufficient to redeem the whole issue during the term of the bonds, and a supplementary deed provides that if the quantities of iron ore and coal sold in any one year shall exceed 275,000 tons and 500,000 tons, respectively, as estimated in this pros pectus, an amount equal to 10 cents per ton on such additional ton nage shall be paid to the trustee and applied toward the redemption of the bonds. These bonds are issued fo rtb e purpose of redeeming the short-date bonds amounting to $1,500,000 which were issued for the purchase of the property of the General Mining Association; the balance to be applied for the development of the coal mines, the erec tion of shipping piers, coke ovens, coal washing plant, new furnaces and other improvements. H i s t o r y .— In Jan., 1895, the Nova Scotia Steel Co. acquired thefnterests of the New Glasgow Iron, Coal & Railway Co. and of the Nova Scotia Steel & Forge Co., and carried on the business previously con ducted by these companies until the present year. In the year 1900 the Nova Scotia Steel Co. purchased as a going concern the business and property of the General Mining Association, including its leases of the Sydney Mine and Point Aooni areas, which contain a superior quality of coal, with good facilities for shipment. The Nova Scotia Steel & Coal Co., Ltd., has acquired the whole business, property and assets of the Nova Scotia Steel Co., Ltd., as a going concern. P r o p e r t y .—The properties now owned consist of: 1. Lan ds, shafts, buildings, plant and railways used in connection with the coal mines, together with the leases of the coal areas ac quired from the General Mining Association. These areas (14,900 acres) extend from Sydney Harbor to the entrance of the Great Bras d’ Or, and are estimated to contain 216.000,OOO tons of coal. The Point Aooni areas have not yet been worked. 2. About 7,821 aeres of freehold land in Cape Breton. 3. A freehold iron mine, situated at Bell Island, Conoepoion Bay, Newfoundland, and estimated to oontain 6,000,000 tons of red hema tite ore. [The average iron contents of recent shipments to United States was over 55 per oent. The mine is equipped for an output of over 300,000 tons during the shipping season; boats of 6,000 to 7,000 tons capacity have been loaded at the rate of 1,060 tons per hour.] Also several deposits of iron ore held by the company,in fee simple or by lease, in Nova Scotia. 4. Leases of coal areas, containing two coal seams of good quality, one of which is now being opened up, situate within 6 miles of the steel works at Trenton. 5. A standard-gauge railway, 12is miles in length, with 3-87 miles of sidings, with rolling stock in Pletou County, Nova Scotia. 6. About 160 acres of freehold land at Ferrona, Nova Scotia. 7. A blast furnace, coal washing and coking plant, built In 1892, at Ferrona, with a capacity of 100 tons of pig iron per day. S About 50 aeres of land at Trenton, near New Glasgow, on wbiob arc the steel works, consisting of four steel melting furnaces, together with the rolling mills, forges and other plant, capable of turning out 100 tons of finished steel per day. Over 4 aores are actually covered [V ol . LX X IV . by buildings, and the tramways In and about the works aggregate about 4 miles in length. 9. Large limestone and dolom ite properties, o f excellent quality, In the county o f Cape Breton. 10. N et assets represented by cash balances, book debts and stook in trade, (These amounted to $685,789 on Jan. 1,1901.) Value of entire property, exclusive o f good-will, appraised at $4,250.000 to $4,500,000. C o a l a n d O r e O u t f o x . -The coal areas near Trenton are now be ing opened up, and by the close o f the present year that property w ill supply all the coal required for steam and heating purposes at the steel works, Trenton, In order to Increase the output from the Cape Breton areas, which during the past three years has averaged about 2 50,000 tons per annum, It is intended to open one or more new oollieries on the property,by which It is estimated that the output w ill be increased to about 600,000 tons per annum. The company has sold for delivery during the present year about 300,000 tons of its iron ore, of which 60,000 tons w ere sold fo r delivery In Philadelphia, and about 240.000 tons in Germany and Sootland; and the company has already sold for delivery in Germany 160,000 tons In 1902 and I2O.000 tons In each of the years 1903-4-5, all at prices whioh should yield a satis fa ctory profit to the company. P r o f i t s .—The profits o f the combined business fo r the year 1900, exclusive of boun ties, as certified by the auditors, amounted to $530,581, and for the three years, 1898-1900, averaged $379,380 yearly. In addition the company received by w ay o f bounties on p ig iron and steel ingots from the Governm ent of Canada, #398,506, being a yearly average of $132,835. The total profits fo r the three years, including bounties, amounted to $1,536,646, being a yearly average o f $512,215, These results, so fa r as the coal mines are concerned, were ob tained notwithstanding the ineflloienov of the mining plant at Sydney Mines. From the proceeds o f the present Issue o f bonds the mines w ill he equipped w ith modern machinery and plant. Unless further legislation is enacted, the bounties payable by the Government of Canada w ill be reduced annually after A p ril 23, 1902. and w ill expire on June 30,1907. [See Dominion Iron & Steel Co., V. 71. p. 1122.] STATEMENT OF F O R M E R NOVA SCOTIA STEEL CO. FOR YEAR ENDING DEC. SlBt, 1901. Profits for the year................ ..................................................$655,273 Balance brought fo rw a rd ....... .................................................. . 47,883 Total ava ila b le................ $702,156 Deduct— Dividend, 8 per oent on preferred stook............. ..................... $82,400 Interest on m ortgage bonds (replaced by new issue o f 1901).. 45,726 D epreciation...................... 20,000 R eserve fo r bad debts................................... 10,000 P lan t renewals .......................................................................... .200,000 Dividend on 10 per cent ordinary stock, paid March 9,1901___ 103,000 Balance, surplus................................................................... $242,030 ESTIMATED FUTURE AVERAGE YEARLY PROFITS AFTER DEVELOPMENT PROVIDED FOR ABOVE. From sale o f 275,000 tons (2,240 lbs.) o f iron ore at 70 cts....$l92 ,500 From sale of 500,000 tons <2,240 lbs.) of coal at 80 cts____ __ 400,000 From Iron and steel w orks...................... ................................ 150,000 Being a yearly average profit o f . . ..................................... $742,500 Deduct interest on bonds at 6 p. o. and sinking fu n d ............ $200,000 D ividend on preferred stook at 8 p. o ..................... ................ 82,460 L ea vin g for dividends on common stock, depreciation and reserve.................................................................................... $460,100 - V . 73, p. 1064, 86. Sw ift & Company, ( Report for the year ending Dec. SI, 1901.) The annual report shows results as below: 10. 91 1900. Total distributive sales.$200,000,000 5170,000,000 Dividends....... (7#) 1,400,900 (1%) 1,400,000 manufactured product L a rd . 1901.-277,1 1900..245,7 1899..230,1 1898..196,2 1807..161,7 1896..129,1 1895.-110,8 1 98 8 . $150,000,000 W) 883,028 (in pounds—00,000’s omitted), Wool. 'O il. Glue. Rides. 6,9 4,5 7,0 101,6 4,1 6,8 6,9 98,0 6,5 3,9 6,2 90,7 3,9 5,5 90,1 6.5 5,3 3,5 5,7 78,9 5.1 73,9 3,8 3,3 3,1 4,9 4,9 70,1 *Neatsfoot. 1 99 8 . $160,000,000 (7%) 1,400,000 Fertilizer. 162,0 119,1 104,7 86,2 66,9 63,9 60,7 Other oil. t Tab 64,4 60,0 61,6 S7,0 65,2 53,7 48,4 41,6 jBut- low. ierine. 40,1 13,5 31,3 26,0 24,2 23,4 16,9 12,1 11,7 8,1 5,5 7,5 6,4 f Including grease. The latest balance sheets, those of Sept. 29, are given as follow s: BALANCE SHEET SEPT. 29. Assets_ 1901, Real estate, etc............................... ..$12,167,616 Unexpired insurance................... 88,773 Horses, wagons and h arness....................... 105,0i3 Investments, including branches.... 3,485,785 Quick assets— Sundry stocks.............. 1,621,704 Cash.................................... 1,332,112 Acoounts receivable....... ............ 7,438,652 Equ ity over amount drawn on conslgn’ts 3,444,37S L iv e oattle, sheep, hogs, dressed beef, Ac., on hand.................... 12,920,260 Total assets . . . . . . . . . . . ......................$42,604,433 Xjicib Capital stock paid In........... ,$20,000,000 Bonds................................ ....... . . . ___ . . . . . 3,600,000 Bond interest accrued.............................. 63,287 Bins payable........... 10,796,630 Accounts payable............... 2,092,077 Due Swift & Co.’s connections................... 2,406,332 1900. $11,680,049 67,601 101,288 3,893,901 1,814,658 1,362,439 6,525,624 2,090,021 9,185,039 $36,720,621 $ 20,000,000 2,500,000 3,746,005 9,271,798 883,859 1,618.959 2,446,005 Total lia b ilities...... .............................. $42,604,433 $86,720,621 Surplus.......................... —V. 73, p. 1268. United States Oil Company. ( Report for year ended September 30, 1901.) The report, signed by acting President Edward R. Andrews, says: The low price of crude oil which has prevailed during most of the past year has caused your directors to drill only such wells as were absolutely neoessary t,o maintain a production of 1.000 barrels per day. Twenty-six wells only have been drilled this year, whereas 96 wells were drilled last year. The debt of the company, amounting Sept. 30, 1900, to $87,807, has been entirely paid, and nil the c\ pauses of drilling new wells and purchase of equipment, have been charged to operating expenses. Developments lu >uo field have show it January 11, 1902.J THE CHRONICLE th a t most of our leaseholds are within the probable lim its of oil te rri tory. As heretofore, we have sold our oil from week to week a t the ruling prices, and our relations rem ain friendly with all our busi ness connections. The num ber of stockholders of the com pany Is 1,262. The directors have no t believed It good business Judgm ent during the p ast year to a ttem p t to pay any dividend whatsoever; they hope, however th a t the way will be clear in the near fu tu re to resum e dividends. ^3 000 additional consolidated first .m ortgage and collateral trust 5 per cent bonds o f 1984.— V . 72, j>. 818. Canadian N o rth e rn It y.— Line, Practically Completed.T h e “ practical co m p le tio n ” o f the lin e from Fort Arthur to W in n ip eg was celebrated on the 80fch ult. at the station of A tikok an by the d rivin g o f a silve r spike.— V. 78, p, 015. Th e incom e account fo llow s : Canadian F a c illc It y .—Called. Five per cent land grant bonds o f 1881 to an agg reg ate o f $500,000 have been drawn, 1900-01. 1899-00. 1898-99. and w ill be paid at 110 and interest on present at ion at tip$695,963 Reoelpts from sales of oil..................$383,279 $638,162 office o f the Treasurer in M ontreal; interest ceasing March 1 . E xpenses...................................1......... 148,748 160,217 167,280 902,— V . 73, p. 722. Profits on oil.................................$234,581 $535,746 $470,882 C e n tra l R R . o f N e w J ersey .—Dividend increased.—The D ividends............................................................. 275,000 318,750 directors on M onday declared a dividend o f 2 per cent fo r $260,746 $152,182 the last qu arter o f 1901, against l j ^ per cent qu arterly since Undivided profits........................$234,531 There was also received in 1898-99 as prem ium s on new stock sold February, 1900. T h e R eading Com pany a year ago purchased $330,755, making a to tal Income for the year of $482,887. In 1900-01 $14,500,000 o f the $27,277,800 capital stock, and on account o f there was received as “ other income ” $2,872, and $88,707 was the same issued $23,000,000 4 per cent collateral trust bonds, charged to construction and $10,667 to leaseholds and rentals, leaving in vo lv in g an annual interest charge o f $920,000. A t 8 per balance for the year $137,930. cent per annum the stock owned by th e R eadin g w ou ld ASSETS A N D L IA B IL IT IE S SEPT. 3 0. yield $1,160,000 yearly.— V . 72, p. 987. 1801. 1900. 1900. 1900. A ustp.fjt— — ^ jjj Liabilities— $ t C h a grin F a lls & N o rth e rn R R .— Sold.— This road, fo r N o tes & a e c t s r e c ’ble 1,171 82,995 Capital stock............ 2,500,000 2,500,000 C a sh ......................... 88,240 5,229 N o tes payable......................... 87,500 m erly a branch o f the C leveland Canton & Southern, has Oil on h a n d .............. 13,365 19,424 G eneral M a n a g er.. . ......... 302 been purchased at foreclosure sale by Clarence E. Sanders fo r L e a s e h o ld s ...............2,480,153 2,480,163 P ro fit an d loss acc’t. 137,930 ........ $50,000, presumably fo r the Pennsylvania R R . Co. A m . G D. Co. shares. 55,000 ........... C h icago G re a t W estern R y .— Listed.— T h e N e w Y o r k T otal assets .2,637,930 2,587,802 Total liabilities. .2,637,030 2,587,802 — V . 73, p. o53. Stock E xchange has listed $2,060,000 additional common stock, m aking the tota l am ount listed to date $23,376,800. Th is additional com m on stock is to be used in part paym ent G EN ER AL IN V E S T M E N T N E W S. o f the purchase price o f properties as follow s: Com pleteaportionof Dul. Red Wing & South. Ry., 5,600 shares $560,000 Completed portion of Winona & West. Ry., 15,000 shares__ 1,500,000 R A IL R O A D S . IN C L U D IN G S T R E E T R O A D S . - V . 73, p. 1263. STATEM ENT OOT. 1 TO S K IT . 30. A la b a m a N e w O rlean s T ex a s & P a c ific J u n ctio n R a i l w ays Co., L im ite d .— Interest on “ B ” and “ C ” flncomej Debentures —T h e coupons o f the “ B ” debentures due N o v. 1, 1901, w ere paid on and a fter Jan. 9, 1902, b y G lyn , M ills, Currie & Co., 67 L om b ard St., London, E. C. Th e amount available fo r interest on the “ C ” debentures fo r the year 1901 cannot he definitely settled u n til the accounts have been audited, but the directors anticipate that it w ill adm it o f a paym ent o f £2 12s. 6d. per cent.— V . 73, p. 81. A m h erst & S u n derlan d S tre e t R y .— Ronds.— Th is com pany recen tly applied to the Massachusetts R ailroad Com mission fo r au th ority to issue $30,000 bonds. “ These are to be 20-year 5 per cent g o ld bonds, and w ill make our total bond issue $51,500, all secured by a first m ortgage. Our capital stock is now $53,000.”— V . 73, p. 615. A sh lan d ( K y . ) C oal & Ir o n R y .— Separate Coal Mining Company.—Ho conform to existin g law s the company has transferred to the Ashland Iron & M in in g Co. all its busi ness o f m ining coal and m anufacturing iron .— V . 71, p. 27. A tch is on T o p ek a & San ta F e R y .— Bonds—I t was re ported. yesterday that the company is contem plating m aking a n ew issue o f bonds to pay fo r recent acquisitions, equip m ent, etc. A n official statem ent o f the capital expenditures from Jan. 1,1896, to Sept. 30, 1901, was given in the C h r o n ic l e o f Dec. 21, 1901 (page 1311), show ing that during the period mentioned w o rk in g capital and incom e and better m ent fund w ere draw n on to the extent o f $17,613,207 to m eet such expenditures. A n order fo r 4,250 cars also has recen tly been placed w ith the A m erica n Car & Foundry Co. — ‘V. 73, p. 1355. B a lls to n T e r m in a l (E le c t r ic ) R R .— New Mortgage.— This company, organized under the railroad la w o f tnis State, w ith $1,500,000 authorized capital stock (representing the present lines and also proposed extensions to Am sterdam , Johnstown and G lo v e rs v ille ), has issued a pam phlet regard in g its n ew issue o f $1,200,000 o f m ortgage 30-year 5 per cent g o ld bonds. T i e circu lar says: The company proposes to issue a t once $800,000 of said bonds, of which $385,000 to retire the present $250,000 bonds, to discharge all floating debt, and to enlarge the pow er station and build certain necessary tracks a t Ballston Spa. The rem aining $415,000 of said $80o,000 bonds are to be sold and the proceeds used to build and equip an extension approxim ately 2C miles In length from F ac tory Village, north of B allston Spa, through the villages of W est Milton, Galway, West Galway, Hagamans, H arrow ers, Rookton, and to and through the city of Amsterdam. The balance of the issue, to wit: $400,000, will be retained and used later, In whole or In part, to ex tend and equip the line to and through the cities of Johnstow n and Gloversville, N. Y. Arrangem ents are being m ade to take n o the $250,000 old bonds, but there is not, so fa r as w e know , any rig h t to call them fo r redemption. See fu rth er particulars in S t r e e t R a i l w a y S u p p l e m e n t , page 10.— V. 73, p, 615. B a n g o r & A ro os to o k R R .— Bonds Offered.— The new issue o f consolidated refunding bonds referred to in last w eek’s C h r o n i c l e as being offered by B row n Brothers & Co. and Lee, H lgginson & C . are advertised on another page. “ The consolidated refunding m ortgage, as its name Implies, is a lien upon ail property and franchises o f the ^company, subject to prior obligations as specified in the m ortgage, and provides for the purchase and u ltim ate retirem ent o f all e x isting liens upon the com pany’s railroad and equipment. Th e bonds are dated Ju ly 1, 1901, and mature Ju ly 1, 1951, principal and interest, at 4 pier cent, payable in gold, and are not subject to call before m aturity. Th e bankers have prepared a very fu ll circular, g iv in g par ticulars, which can be had on application.— V . 74, p. 41. D a rlin g to n Cedar RapIdH & N o rth ern R y .—R on d *—Th e N e w York Stock Exchange has been requested to list $553,- C h icago Io w a & D a k o ta R y .— See C hicago & N o rth W e s t ern R y . below. C h icago & N o rth W estern R y .— Purchase.— The C hicago Io w a & Dakota R y ., extending fro m E ldora Junction to A lden , la ., 26 miles, has been purchased.— Y . 73, p. 1159. C levela n d C ity R y .— See C leveland Street R y . b elo w .— V , 73, p. 1356. C le vela n d E le c tr ic R y .— See C leveland Street R a ilw a y be lo w .— V . 74, p. 41. C le vela n d S tr e e t R a ilw a y .— Ordinance for a Three-CentFare Line —Th e C ity Council on Jan. 7 passed M a yo r John son’s ordinance p rovid in g that a fte r ten days legal pu blica tion the C ity Clerk shall advertise fo r bids to operate a street car line, the fa re to be charged being three cents or under. C o lo ra d o & S ou th ern R y .— New Director Representing Copper and Smelling Interests.— Th e board o f directors has been increased fro m eleven to thirteen m em bers, the tw o n ew members bein g A d olp h Lew isoh n and H a rry Bronner,, Mr. Lew isohn is w e ll know n on account o f his la rge and im portant interests in copper and his connection w ith the sm elting interests gen erally. Mr. Bronner is the Secretary and Treasurer o f the Com pany.— V . 73, p. 611. D a lla s F o r t W o r th & G u lf R y .— Old Name Again.—See Dallas Term in al R y . & U nion D epot Co. below .— V. 73, p. 236, D a lla s T e r m in a l R y. & U n io n D ep ot Co.— Old Name Re sumed.—T h e Dallas F t. W o rth & G u lf, b y an am endm ent to its charter filed at A u stin, Texas, on Dec. 16, resumed its old name o f the Dallas T erm in al R y . & U nion Depot Co., w h ich it surrendered in D ecem ber, 1898, T h e directors are W . C. Connor (P resid en t), A lex an d er Sanger, W . O. Connor, J. T . T rexevant, C. A . K e a tin g and E. M. Reardon.— Y . 73, p. 236. D ayton L eban on &C in c in n a ti R R .— Increase of Stock.— This company has increased its capital stock fro m $500,000 to $2,000,000. J. S. Harshm an is Presiden t and F ra n k Brandon, Secretary.— V . 72, p. 1080. D e la w a re & Hudson Co.— Dividend Rate Unchanged.— T h e directors yesterday voted to fix the dividend rate fo r 1902 at 7 per cent per annum, this being the same rate as in 1901, but contrasting w ith 5 per cent fo r the years 1897-1900, both inclusive.— V . 73, p. 1263. D e tr o it & T o le d o Shore L in e RR.—Receiver.— T h e e m barrassment o f the E verett-M oore Syndicate (see V. 74, p, 41) has led to the p lacin g o f this property in the hands o f D avid B. Cunningham o f D etro it as receiver, the Ohio Savings Bank & Trust Co. bein g a u xilia ry receiver in Ohio. T h e ap plication fo r the receivership was made by the Strang C on tractin g Co. o f this city as holder o f con tractor’s liens fo r $258,987. Th e Shore L in e Company in A p ril, 1899, filed a m ortgage o f $1,250,000 (D etro it T rust Co. n ow trustee) secur in g bonds, which w ere to he replaced from the new $3,000,000 issue authorized last fa ll, but are partly, it is claim ed, out standing. T h e D e t r o it ' U nited R y ., it seems, was recen tly arranging to acquire control o f the D etroit & T oled o Shore Lin e, and it is claim ed the directors had authorized the guaranteeing o f the principal and interest o f the new bonds. Chairman N ew com b, o f the C leveland bankers’ com m ittee, h ow ever, is quoted as saying that the new issue o f bonds has never been sold and that the D etroit U n ited does not own the road.— V . 73, p. 899. F n lto n Chain R R .— Sale Feb. 8.— Th is p rop erty is ad ver tised to be sold under foreclosure on Feb. 8.—V . 66, p. 1237. G e o rg ia & A la b a m a R y .— Merger.—See Seaboard A ir L in e R y . Co. b elo w .— V . 71, p. 602. G e o rg ia R y. & E le c tr ic Co. (A t la n t a ).— Incorporation.— See A tla n ta R apid Tran sit Co. in V . 73, p. 1355, 91 IHK CHRONICLE [Y O U LXXIV. L o u is v ille & N a s h v ille R R .— Earrings—For the h alf-year Great Northern K y .—Officers,—Tne following officers are ending D o. 31, partly estimated : announced: First Vice President, J. N. Hill; Second Vlca-PreMcteot, H. 1 Far 6 in os Gross. iVet, Other income. Charges, Balance. rington; Third \Ye« H ssiden ,, E. T, Nichols, of New York; Fourih Vloc Piesi leBt, J W. illation. l - o i $15,1 <1,359 $4,758,028 1900. 13,856,816 5,103,267 $512.1*29 $3,07 7,687 $2,193,070 367,267 3,197,027 2,365,507 J, N Hill is a so a of President H ill; he is advanced from the Third Vice Presidency, Mr. Nichols has been Secretary for a rum <r of years. -- V. 18, p» 1858. • Green Bay A Western H U .—Interest and Dividend,- -The board of directors has declared aa interest payment of 4 par cent cm Class A debentures and a dividend of 4 per em t on the capital stock from the net earnings for the year 1901, payable at the office of Robert Winthrop & Co , No. 40 Wall Sr., N w York, on and after Feb. 1, 1902, to shareholders of record Jan. 18. Last year only 8 per cent oa each was paid and in 1900 only 2% per cent.—V. 73, p, 662, Hamilton (0 ,) & U ndenw ald Electric Transit Co.—Mart gage The mortgage recently made to the Cleveland Trust Co. as trustee secures $250,000 5 per cent $1,000 gold bonds, dated Dec, 1 19)1, covering 10 miles of road and due Dec. 1 1911, There w ill be a sinking fund beginning in 1906 (and increasing from 6 per cent to 10 per cent yearly), but the bonds, it appears, cannot be called.—V. 73, p 1358. D Ducting dividend of 2% per emit for each of the six months, calling lor $1,875,00 > in 1901, against $1,320,000 in 1900, leaves eurplas of $818,070, against $1,045,507 in 1900 — V. 73, p, 1160. Lou isville (K y .) Ry.— Bands Offered. -The company is o f fering for sale an additional $250,0(10 of its 4% per cent 2d mortgage bonds to provide for the purchase o f new equip ment, etc.—V. 73 p. 1208, Manhattan (E levated) Ry., New York C ity.—F o r mat T rial of Electric Service.—The first public trial of the electric service was made on Thursday, when a special train of six oars was run over the Second Avenue Lffie from South Ferry to 129th Street, carrying a large party of capitalists, railway men, representatives of the press, and others. The trip w a s made in 29 minutes, which included several stops. It is in tended to begin at once the operation of the electric system and gradually to extend it until all the lines are thus oper ated. Only one of the eight immense generators is aa yet H artford Street Ry,—Bonds Awarded.—The company has completed, but another w ill be ready in about a mouth. — V. awarded the $250,000 bonds recently offered to Francis R. 74, p. 41, Cooley, of Hartford.—V, 73, p. 1160. M a r y l a n d & P e n n s y l v a n i a R R . — Bonds Offered—ReriucHocking T a lley Ry,—A n ti-tru st Suits.—On Dec. 28 suits tion o f Authorized Issue.—Alexander Brown & Sons, of Bal were tiled in the Circuit Courts of Crawford and Logan timore, recently offered $100,000 of the first mortgage 4 per Counties, O,, by the prosecuting attorneys of the two coua- cent gold bonds of 1901 at 97% and interest. An advertise ties to revoke the charters of the Hocking Valley Ry., the ment says: The total authorized amount of the mortgage was $1,700,009, hut Toledo & Ohio Central Ry., the Kanawha & Michigan Ry., the Buckeye Coal & Ry. Co, and the Sunday Creek Coal Co., the company is now taking steps to h w e this redact'd to $ i,200,000, of whit h $250 00 J bo nos are reserved to ret're the York & Peach Bot on the ground that they are controlled and operated as one, tom bonds (a lien on only a portion of the line); $10 ,000 bonds are in violation of the State laws.—V. 73, p. 1356, 1112. reserved and oannot he issued except for extensions or Improvements Indianapolis & M artin sville Rapid Transit Co.—M o rt gage.—This company has made a mortgage to the Union and Security trust companies of Indianapolis, as trustees, to se cure $750,000 of 5 per cant 30 year bonds, The company was incorporated early in 1901 with $100,000 capital stock, which in November was increased to $750,0)0. The road w ill extend from Indianapolis southwesterly to Martinsville, Ind , b y w a y oE West Newton, Mooreeville and Brooklyn, a dis tance of about 30 miles. It is said to be about half com pleted, and it is expected that cars w ill be running bv the 1st of May, President, Charles Finley Smith; Vice-President and Treasurer, Emmet H Smith, and Secretary, Amory T, Irwiu. In ter State Commerce.—Act to Compel Maintenance of Bates.—The “ Journal of Commerce & Commercial Bulletin” published on Jan. 6 the full text of the bill to amend the Inter State Commerce Act, prepared for introduction into Congress by the executive oommitteeof the Inter-State Com merce Law Convention, which was held at St. Louis Nov. 20 by delegates from 41 commercial manufacturing and mer cantile organizations, chiefly of the West, K a n sa s City Fort S c o tt & M em p h is R y.— Coupm Pay ment.—Coupons of Kansas City Memphis & Birmingham general mortgage 4 per cent bonds and income bonds, of Memphis Equipment Co. 6 per cent bonds and Birmingham Equipment Co. 6 per cent bonds were paid Jan. 2 by the Old Colony Trust Co. instead of by the Merchants’ National Bank of Boston as heretofore —V. 73, p. 1264, K a n sa s City-Leavenwortix E lectric R y.—M ortgage—This company has made a mortgage to the Central Trust Co. of Cleveland, as trustee, to secure $2,009,000 of 5 per cent $1/00 gold bon di due in 1920. See page 48 of Street R a i l w a y Supplem ent .—V. 73, p, 494. K a n sa s City S o u th e rn Ry.—Purchase.—The property of the Port Arthur Channel & Dock Co. was sold under fore closure at Beaumont, Tex., on Jan. 7, and was bid in for $500,000 for the Kansas City Southern Ry., the owner of substantially all the securities. The Port Arthur Canal & Dock Co, was incorporated at Austin, Tex., on Jan. 8 with $1,000,000 authorized stock to succeed to the property. See also Kansas City Suburban Belt Ry. below.—V. 73, p. 1856. Kansas City Suburban B elt Ry.— Sold.—A t the fore closure sale on Dec 31 the property of this company, the Consolidated Terminal Ry, and the Kansas City & Inde pendeDce A ir Line Ry. were bid in for $2,050,000 for account of the Kansas City Southern Ry., which owns substantially all their bonds. The Guardian Trust Co. gave notice that it holds $500,000 notes against the properties. On the same day the property of the Union Terminal Co. at Kansas City was bid in for $1,500,000 by the same interests.—V, 73, p. 1010. Kentucky Western Ry.— Called Bonds.— A ll the $209,000 first mortgage bonds due Jan. 1, 1920, have been called and w ill be paid on Feb. 1, 1902, at par and interest upon presentation to the Colonial Trust Co. of New York. The Illinois Central recently took over the operation of the road “ as agent for the owners V. 73, p, 1264. Lexington & Eastern Ry.— Reorganization Completed — The reorganization without foreclosure per plan in V. 73, p. 683, has been completed, the first mortgage having been re duced to $850,000. Tae interest due Feb. 1 on the general mortgage bonds w ill be paid 1 per cent in cash and 1% per cent in debenture scrip, as provided io the plan.—V. 73, p. 843. not now even In contemplation, leaving $ ;>50,o<,0 bonds as the total amount at pr<-s=>nt Issued and outstanding. This $550,009 bonds, with the $ 149,950 York & Peach Bottom bonds, make a mortgage In debtedness of less than $i0,000 per mile on main line. Earning^.—The change of the road from narrow to stand ard gauge was completed m February, 1901, and for the 8 months from March 1 to Ocb 31 the road earned “ almost doable its fixed charges for the entire year:” 8 mos. Gross to Oct. 31— earning«. 1901..............$187,298 —V. 73, p. 9«8. Operating expenses. $.23,6,8 Net earnings, $63,689 Fixed charges. $22,998 Balancesurplus* $40,682 Michigan Central RR .—Re-incorporated, ~ The cfficials on Dec. 30 filed papers surrendering the special charter of the company aDd re-incorporating it under the general railroad law of the State. See V. 71, p, 864; Y . 73, p. 1260. Minneapolis & St. Louis R R .—Sale o f B ra n ch —See Northern Pacific Ry, below.—V. 73, p, 1264. Missouri Pacific R y.—Listed.—1he N ew York Stock E x T change has been requested to list $889,00 1 additional general consolidated railway and land grant mortgage 5 per cent gold bonds of 1931 and $1,102,000 additional unifying and r e funding mortgage 4 per cent gold coupon bonds o f 1929 of the St. Louis Iron Mountain & Southern R y .—Y . 78, p, 1356. Nashua (N . H-) Street Ry.— Bonds Offered—Perry, Coffin & Burr and N W , Harris & Co. are offering $150,000 first mortgage 4 per cent $1,000 gold bonds, due Oct. 1, 1931, but subject to redemption on and after Oct. 1, 1906, at 105 and accrued interest The interest is guaranteed by the Boston & Northern Street Ry. Co., which operates the road under a 99-year lease. The Old Colony Trust Co. of Boston is mortgage trustee. These bonds were issued to retire a like amount of first mortgage 6 . Price, 102% and interest. -> New Hampshire Traction Co.—President.— Howard Abel, formerly President of the Lake Street Elevated RR, of Chicago, has moved to B s‘on to become President of.the N ew Hampshire Traction Co. See Y . 73. p. 1208. New L o n d o n (C o n n .) Street Ry .—Dividend Increased.— The semi-annual dividend pail Jan, 2 was 2% per cent, as against 2 per cent paid in Jaly, 1909.—V. 62, p 684, New Orleans & Carrollton RR. L ig h t & P o w e r Co .—F irs t Dividend.—A “ special” dividend of 1% p. c. has been de clared upon th9 preferred stock, payable Jan. 10, Tne com pany is a recent consolidation of stre t railways and electric light companies in New Orleans.—Y . 73, p. 723. North P a c ific Coast R R .—Sold to Electric. Syndicate.—'The syndicate composed of R. R. Colgate, R M Hotaling, W il liam M. Pierson, C. A, Grow, E. J de Sabla Jr. and John Martin has purchased all the capital stock of the company and proposes to change the road to standard gauge from Sauealito to San Ausedmo, to double track it from M ill V a l ley Junction to Mill Valley and from Sau Ansel tuo to Sau Rafael, and to equip it for operation with electricity. The same syndicate controls the California Gas & Electric Co, (V . 73, p 1266,) and the Bay Counties Power Co. (Y . 73, p. 1033 ) The last-named company w ill supply t he electricity for operating the North Pacific Coast RR, -V. 69, p 906. N o r th e r n P a c ific R j . —Purchase.—The company has pur chased from the Minneapolis & St. Louis Railroad Co the 15-mile lin e o f road extending from Minneapolis to White Bear Lake, and has assumed the $289,000 of 7 per cent first mortgage bonds due in 1907 outstanding thereon. V 74, p. 41. Northern Securities Vo.— Opposition At a meeting in Helena, Mont., on Dec. 81, the Governors and Attorneys General of several Northwestern States in which the roads I'HK C H K O N IC I.B . Ja n u a r y 11, 1902. J 95 c o n tro lle d by this com pan y h ave m ile a g e agreed to a plan fo r te s tin g the le g a lity o f this c o n tro l, and a d o p te d resolu tion s o f w h ic h the fo llo w in g is one : T h e N e s h a m in y E le v a te d R R . C o ., c o n tro lle d b v the sam e syn d icate, it is stated, w ill b u ild the'Jine fr o m N e sh a m in y C reek to B r i s t o l . - V . 73, p. 663. In o u r opinion, th e consolidation, o r th re a te n e d consolidation, of th e G reat N o rth ern , N orthern Paoltlo an d B u rlin g to n R ailw ay system s lu th e sev eral S tates th ro u g h wjileh th ey ru n as p a ra lle l and com peting lines, Is co n trary to sound public policy and also, w ith th e exception o t Idaho, Is In violation of th e C o nstitution a n d law s of until S tates, a n d m indful of the obligation which th e law im poses la such oaseH upon the offlolals or th e several S tates h ere re p resen ted , we hereby give o u r unqualified ap proval and In dorsem ent to an y proper and su itab le proceedings w hich may be In stitu te d la auy Com t hav in g Jar Is d ld io n by llie sovereign S tate of M innesota or any o th er Hinte affected ihereby, designed an d Intended to speedily and dually te s t an d determ ine th e v alidity of such consolidation o r th re a te n e d con solidation, and to th a t end we hereby pledge o ur e a rn e s t eo operation, and. fa rth e r, we unanim ously p ro te st a g a in st an y com bination o r co n solidation which re s tric ts or stifles free co m p etitio n In th e tra d e or com m erce of the country. P h ila d e lp h ia C o m p an y o l P i t t s b u r g .—New Mortgage. T h e com pan y has filed at, P itts b u r g its n ew m o rtg a g e secur in g th e $22 060,(100 o f 5 per cen t 50 y e a r g o ld bonds w h ich are issuable in con n ection w ith the recen t a cq u isition s, as fu lly stated in V . 78, p. 1112. T h e C o n tin en tal T r u s t Co. o f B a ltim o re is m o rtg a g e ti m t t e . V. 73, p, 1357. See also N o rth ern P a c ific E y . Co. above. Suit Filed. —A tto rn e y - G en era l W a lla c e B. D ou gla s o f M in nesota on Jan. 7 tiled in the U n ited States S u p rem e C o u rt th e b ill o f co m p la in t in th e case o f th e S ta te ot M in n esota, com p la in a n t, a ga in st th e N o ith e r n S ecu rities Co. Inter-State Commerce Commission.— T h e In ter-S ta te C om m erce C om m ission has announced its in te n tio n to in v e s tig a te n ot on ly th e o rg a n iza tio n o f this com pan y, b u t the su b ject o f co m m u n ity o f in terests a m o n g th e ra ilroa d s in gen eral. T h e in v e s tig a iic n is set f o r J a n u a ry 24 a t C h ica go , 111, P resid en t R o c s s v e lt has also ord ered an in v e s tig a tio n o f the N o rth e rn S ecu rities Co. th ro u g h the office o f th e A tto rn e y G en era l. T h e frien d s o f th e co m p a n y c o n fid e n tly e x p e c t th a t both ex a m in atio n s w ill be s a tis fa c to ry ,— V , 73, p. 1357. N o r t h e r n T e x a s T r a c t io n Co.— Increase o f Stock.— T h e com pan y has in creased its a u th o rized stock fr o m $3,000,000 to $2,500,000.— V . 73, p. 32. O ttu m w a ( I o w a ) T r a c t io n & L i g h t C o .—Bonds Offered.— E . H . R o llin s & Sons are o ffe r in g a t 101 and in te rest $300,000 o f th is co m p a n y’s first m o rtg a g e 5 per cen t $1,000 sin k in g fu n d g o ld bonds, dated O ct 1, 19(1. and due O ct. 1, 1921. but s u b jec t to redem p tion : O ct. 1, 1911, a t 105; O ct. 1, 1912, at 104%; O ct. 1, 1913, a t 104; O ct, 1, 1914, a t 103%: Oct. 1,1915, a t 103; O ct. 1, 19 6, a t 102%; Oct. 1,1917, a t 102; O ct. 1,1918, a t 101%; O ct. 1, 1919, at 101; Oct. 1, 1920, a t 100%, in each case w ith in terest. Bonds n u m bered 1 to 20 m a y be redeem ed a t 105 aDd in te rest a fte r O ct. 1, 1907. T h e iu te re s tis payable A p r il 1 a r d O ct. 1 at th e c ffiee o f th e U n i ted State s M o rtg a g e & T ru s t C o,, th e fr m te e , N e w Y o r k C ity . A circ u la r says : C apital stock authorized a n d Issued : P re fe rre d 5 p er cent, io n cum ulatlve, $200,000; comm on sto c k ,$800:000: first m ortgage bonds, authorized $f>( 0.000, Issued $30< ,OOo; $200,000 held by th e tru ste e to he Issued for extensions and Im provem ents to th e e x te n t of ' 5 p er cen t of th e cash cost, provided a t le a st $75,000 h as b e e n ex pended for such pu rpose and th e n e t earn in g s for th e y e a r p reced in g th e Issuance are a sum a t least double th e am o u n t of a n n u a l in te re s t on th e bonds issued and to be issued. A sinking fund w ill re tire $5,000 bonds an n u aliy , O ctober, 1907 to 1S09; $8,000 a n n u ally . O ctober, 1910 to 1920. This is to he accom plished by p u rch ase in th e open m ark et, a t a satisfacto ry prioe, a n d ,if u n o b tain ab le by pu rch ase, bonds num bered 1 to 20 are to be ta ile d in n u m erical order, beginning Oct. 1, 1907, a t 105 and Interest; and beginning O ctober, 1911, w ith o u t re g a rd to n u m erical order, a t th e red em p tio n prices in d icated above. P ro p o rtio n ate sinking fund is provided for th e $ 200,000 reserv ed bonds as th ey are issued. The gross earn in g s for y ear ended J u n e 3 0 ,1 8 9 9 w ere: Gross, $32,947; n et, $31,863; i899 Ou, gross, $95,9 i8 ; n e t, $33,917; 1900-01, gross, $ .0 2 395; n e t, $33,937. (Quebec S o u th e rn R y .— Consolidation, -T h e sh areh old ers w in vo te Jan. 14 on p rop osition s to absorb the South S h o re R y .; to in crease the ca p ita l stock fr o m $1,000,000 to $4 000,000; to a u th o rize the issue o f m oi tg a g e bonds a t n ot to ex ceed $30,000 p er m ile , c o n v e rtib le in to p referen c e stock and o th e r w ise as m a y be d ecided on b y the d irectors. See R u tlan d R R . b e lo w .— V . 70, p. 947. R a ilr o a d C o n s tru c tio n in 1901. — Explanation — T b e “ R a ilro a d G a z e tte ” o f Jan. 3, r e fe r r in g to l he sta tem en t w h ic h w e cited in o u r istu e o f Dec, 28, 1901 (p a g e 1357), says : “ In ou r annual estim ate o f n e w ra ilro a d b u ilt in the U n ite d States d u rin g th e ye a r, p rin ted la st w eek , th e fig u re fo r C an ada w as in serted in such a w a y as to be m is lea d in g . T h e t o tals g iv e n at the fo o t o f th e co lu m n did m t in clu d e the C a n adian m ile a g e ; 4,518 m iles is th e to ta l fo r th e U n ite d S ta tes.” - V . 73, p. 1357. R a p id T r a n s it In N e w Y o r k ( i t y . — Brooklyn Tunnel Plan Approved.— T b e C om m ission (see V. 73, p, 6 i6 ,) ap pointed b y the A p p e lla te D iv is io n o f the S u p rem e C o u rt, to d e te rm in e w h e th e r the proposed ra p id tra n sit tu n n el r a ilw a y b etw een M anhattan aud B ro o k ly n o u g h t to b e con stru cted , filed on D ecem b er 26 its u n an im ou s re p o rt th a t th e lin e is n ecessary, the ro u te proposed (V . 72, p. 1136,) the m ost desirable, and th e probable cost n et to ex ceed $10,000,000, w h ic h sum “ is n o w at the disposal o f the R a p id T r a n s it R a ilr o a d C o m m is sion .” New Commissioner.— John C la flin h a s been elected a m em b er o f the R a p id T r a n s it C om m ission to succeed G e o rg e L . R iv e s , w h o resign ed to b ecom e C o rp o ra tio n C ou n sel— V . 73, p. 616, R e a d in g C o m p a n y .— Increased Dividend on Stock Owned. — See C en tra l R R . o f N e w J e rs e y a b o v e .— Y . 73, p. 1208. R o c h e s te r ( N . Y . ) R y .— F irs t Dividend.— F ir s t d iv id e n d o f one per cen t on p r e fe r re d stock was paid b y th is co m p a n y Jan. l . - V . 73, p. 785. R o c k la n d T h o in a s to n & C am d en S t. R y .— Called Bonds.— A ll the $250,000 bonds o f 1893 have been called and w ill be paid at 105 and interest on July 1, 1902. See Street R a i l Su pple m e n t , page 78.—V. 72, p. 392. R u t la n d R R . — New D irector. — C h au ncey M . D ep e w has w ay been elected a d ire c to r to succeed W a lla c e C le m e n t, w h o is a son o f P re s id e n t C lem en t. D r. W . S ew a rd W e b b a d m its h a v in g acq u ired a c o n tr o llin g in te rest in the stock, and states th a t an a tte m p t w ill be m ade to b r in g tb e S nth S h ore and the Q u ebec S ou th ern r a ilw a y s , in w h ic h he also has an in terest, u nd er th e sam e m a n a gem en t, so as to o b tain an en tra n ce in to Q uebec. See Q uebec S ou thern above. Listed, —T h e N e w Y o r k S tock E x ch a n g e has listed $3,299,See also page 65 o f Street R a il w a y Supplem ent . A pre 000 a d d ition al p re fe rre d stock, m a k in g th e to ta l listed to d a te vis io n in th e mortgage requires a yearly examination of the $9,057,600. T h e n e w sto ck is a p o rtio n o f th e $3,578,400 re accou nts and report on the property by experts satisfactory c e n tly o ffered at $90 a share to th e stock h old ers to p r o v id e fo r additions and im p ro vem en ts. (S ee V , 73, p. 1011, 1062.) to th e tru-tee. — V . 73, p. 723. P a n a m a R R . — Stock.—See P a n am a C a n a l Co. on page 99. — V . 73, p. 1357. S t. L o u is M em p h is & S o u th e a s te rn &U.—In c o rp o ra te d — V . 73, p. 616. P e n n s } 1v a n ia C o m p a n y .— Securities Acquired.—The P h ila Proposed Consolidation,— T h is com p m y w as o rg a n iz e d d elp h ia “ R e c o r d ” rep orts th e fo llo w in g as a m o n g the stocks on the 8th in stan t u nd er th e la w s o f. the S tate o f M issou ri, acqu ired fr o m th e P en n sylva n ia R R . in retu rn fo r the $19,- w ith an a u th o rized c a p ita l o f $12,500,000 and p o w e r to b u ild a ra ilro a d fr o m a co n n ectio n w ith th e St. L o u is & San F r a n 000,000 stock recently issued : Now acquired. Total issue. cisco R R . at St. L o u is to C ry s ta l C ity , Jffi'ersou C o u n ty , in C h a rtie rs R y .............................. $333,850 $645,300 th at State, a d istan ce o f abou t th ir ty m iles. T h e co m p a n y G rand R apids A In d ia n a ......................................a 2 ,0 0 0 ,0 0 0 6,000 000 was fo rm e d f o r th e purpose o f ta k in g o v e r th e fo llo w in g Louisville B ridge Co. ............................................. 900,400 1,5( 0,0: 0 P ittsb u rg Cln. Chicago & 8C Louis com m on. ..2 ,2 4 5 ,5 0 0 24,740, 57 r o a d s : do d> do p re f e rre d ..2,406,400 P itts. Fr. W ayne & Chic, special guar, s to c k ...5,613,900 8t. Louis V andalla & Terre H a u te p re fe rre d ... 837.000 Toledo W aihondlng Valley & O hio.....................1,9C0,000 22,697,341 22,615,100 1,541,700 2,500,0C0 a— Jan. 1,1901, Penn. RR. owned $2,644,510. T h e j tin t h o ld in gs o f th e P en n sylva n ia C om p an y and the P e n n s y lv a n ia R R , in tb e P itts b u r g C in cin n a ti C h ica go & St. L . h ave lo n g in clu ded a m a jo r ity o f the en tire c a p ita l stock. Tax on Stock Pledged.—A tto rn e y -G e n e ra l K n o x a t W a s h in gto n on Jan. 4 su b m itted an opinion ru lin g th at th e stock c o lla te ra l deposited by th e com pan y w ith the G ira rd T r u s t Co. under th e $20,000,000 c o lla te ra l tru st m o rtg a g e o f 1901 is su b je c t to th e w a r ta x o f 2 cents per $100 fa c e valu e. T h e fu ll te x t o f th e opinion was g iv e n in th e N e w Y o r k ‘ E v e n in g P o s t” o f M onday, T h e m a tte r w ill no d ou b t be contested in th e cou rts — V. 74, p. 41. Ph iladelph ia & B r is t o l P a s s e n g e r Ry.—Reorganized.— See P h ila d elp h ia B risto l & T ren to n P a ssen g er R y . b e lo w .— Y . 73, p. 663. S ou th ern M issouri & A rk an sas RR. (V. 79, p. 1161), C ape G irard eau & N o rth ern , Ilo x ie P ocahontas & N o rth ern R R . 8t. Louis < Mem fc ph is Ry. an d i a r t of th e C hester P erry ville < St. G enevieve E y & A ls o to con stru ct th e extension fr o m Cape G ira rd ea u to S t. L o u is, w h ere, it is u nderstood, it has a cq u ired th e j in t use o f term in a ls w ith an im p o rta n t ra ilro a d a t th a t place. T h e c o n tra c t fo r con stru ction h ts been le t to J o h r s to a B ro s .9 and 20,000 tons o f ra ils h a v e been ord ered fr o m the C a m b ria S teel Co. and 9,000 tons fr o m th e C a rn e g ie S teel C o m p an y. T h e roads are a ll to be co m p le te d aud re con stru cted b y D ec. 31 n ext. T h e e x is tin g m ile a g e is 266 m iles; u nd er con tra c t, 154 m iles, a to ta l o f 120 m iles. T h e m ain lin e w ill e x ten d fr o m St. L o u is to L u x o ra , A rkan sas, fo rm in g , in co n n ection w ith the St. L o u is & San F ra n cisco, the sh ortest lin e b etw een B irm in gh a m , M em p h is and St. L o u is . T h e term s upon w h ic h the roads nam ed are to be absorbed h ave been d e fin ite ly a greed upon, b u t h a v e n ot y e t been m ade pu b lic. T h e d irecto rs and officers o f the n e w co m p a n y are: D irectors: —F red erick H. P rin ce an d F red erick A yer, Boston; N ew m an E rh aDd E Sum m erfleld, N ew York; G eorge H . N orm an, P ro v i P h ila d e lp h ia B r is t o l & T r e n to n P a s s e n g e r R y .— Reor dence, R I.; John Scullln, H ugh Me K it tric k an d C harles G ilbert, St. F. Bioineyer, C Mo. ganized Company.— T h is com p an y w as re c e n tly o rg a n ize d as Louis, Mo.; E, ederick P rince, ape G irard eau ,th e B'>ard; Newm an E rb, officers.—Ki C hairm an of successor o f the P h ila d elp h ia & B ristol Passenger R y . (V . P resid en t; E. F. B ioineyer. V ice-President; Van R. Caldw ell, S ecretary 73, p. 663), and purchased th e B ris to l Passen ger, w h ic h it and T reasu rer; J . L. F arre ll, A ssistan t S ecretary. proposes u extend to T re n to n , > O fficers: President;, I. W. 1211ard, B altim ore; se c re ta ry and T reasurer, W F. Hadtler J r ., T renton; directors, Bromley Wharton, Bristol; A lbert B. K elley, G eorge Q 1lorw liz, P hiladelphia; George B lacksione, B alti m ore, and W, F. B adtler J r ., T renton. S an P e d r o Los A n g e le s & S a lt L a k e R R . Instalment Colled.— T b e S a lt L a k e “ T r ib u t e ” says Ib e com pan y has called on Ih e su b se rib irs to the stock fo r an a d d itio n a l $1,0 0,COO oath, u a ir in g ‘ ‘$0,000,(00 th a t has been put up to 96 THK O H H O N I O L B [V o l , LX XIV. o( practically all the other leading Harriman lines, viz.: of the Union Pacific, the Oregon Short Line, the Oregon i'Uc w o r k o f c o n s t r u c t io n is g o in g f o r w a r d s a t is f a c t o r ily o n th e C a l Railway & Navigation, the Chicago & Alton and the Kansas if o r n i a and o f il:c lin o , i t is s ta t e d th a t a c o n t r a c t w ill b e le t in a f e w City Southern railroads.—V. 73, p. 1358, 1858, 1860. d a y s f o r a g o o d s t r e tc h o f th e r o a d r u n n in g e a s t fr o m P o m o n a , in C a l i f o r n ia . —V . 7 3 , p . 2 37 . West V irg in ia Central & Pittsbu rg Ry.—Sale.—Colonel Schenectady (N .Y .) &y.—Increase o f Stock ,—-'This company Thomas B. Davis, brother of ex-Senator Henry G. Davis, this road to a stock has filed a certificate o f increase o f capital from $300,000 to has negotiated the sale pf broker of this city, representing a syndicate, generally be $600,000,— V, 78, p. 1011. lieved to be the one that is building the Goulds’ extension Seaboard A ir L in e Ry.— M e rg e r o f Controlled Roads.— into Pittsburg. Mr, George Gould denies that tbe Wabash Th e shareholders w ill vote Feb, 5 on the proposed purchase RR. itself was the purchaser, and President Cassatt, of the of the railroad and properties o f the Georgia & Alabam a Pennsylvania RR,, makes the same statement regarding his R y and the L o ga n ville & Law rence R R . o f Georgia. The company. Col. Davis is quoted as saying: G eorgia & Alabam a stockholders w ill vote on Feb. 8.— V. 73, Y e s , w e h a v e s o ld th e r o a d an d a r e w e l l p le a s e d w it h th e s a le . W e this time by tbe members o f the company fo r the construc tion o f this road,” The “ Tribune” aays also: p , 10 62 . Southern M issou ri & Arkansas H R .— Consolidation ,— dlae St. Louis Memphis & Southeastern R R . above.— V. 73, p. 1161. Southern Ohio T ra c tio n C ^ —Purehmes. —The share holders w ill vote Feb. 1 on a proposition to ra tify the purchase o f the Ham ilton & Lindenw ald E lectric Transit Co., operat ing the H am ilton eir.y system, and the M iam isburg & G e r m antown Traction Co.—V . 73, p. 1265. Southern R a ilw a y Co .— Listed — The N e w York Stock E x change has listed $500,006 additional St. Louis Division first m ortgage 4 per cent gold bonds of 1951, m aking the total listed $11,330,000. The proceeds o f the additional bonds can be used only fo r new construction, equipment, betterments and other acquisitions Called Bonds. —F ifty -six ($56,000) Richm ond & D anville R ailroad equipment m ortgage bonds, dated Sept 3, 1889, have been drawn and w ill be paid w ith the coupons m aturing March 1, 1903, on or after the 1st day o f March, 1902, at .par, at the office o f the Central Trust Co.—V . 73, p. 1814. S p rin g fie ld A X e n ia T ra c tio n Co.— Mortgage.—'T his com pany, which is building an interurban line from Springfield. O., to Cincinnati, via Xenia, has filed a m ortgage in fa v o r o f the Cincinnati Trust Co. as trustee. Tehuantepec N a tio n a l R y.— Offering o f Debentures by the Lessee Company.—S. Pearson & Son (L im ited ), the English jo in t stock company which was organized in 1897 (to succeed the firm of long standing), and which, besides having in hand several other enterprises, in 1891 leased the Tehuantepec N a tional from the Mexican Governm ent, recently offered fo r subscription at par in London £500,000 of its own 5 per cent debentures, part of an issue o f £750,000, o f w hich £250,000 is reserved fo r future requirements. A n advertisem ent says : g o t m u ch m o r e m o n e y th a n th e p r i c e s ta t e d In th e n e w s p a p e r s , w h ic h w a s $ 1 7 ,0 0 0 ,0 0 0 . i t is c e r t a in th a t t h e W a b a s h w i l l e x t e n d f r o m Z a n e s v ille , O h io , v i a P a r k e r s b u r g , to E lk in s , W . V a .. o v e r th e W e s t V i r g i n i a C e n tr a l, a n d fr o m E lk in s th e W a b a s h w i l l b u ild t o t id e w a t e r . —V. 7 3, p, 788. IN D U STR IA L, UAH AND MISCELLANEOUS. Algom a Tube W orks, L im ite d .— Incorporation.— This com pany has been incorporated at Toronto w ith $30,000,000 au thorized capital stock to establish at Sault Ste. M arie a plant fo r the manufacture o f m etallic tubes under the Perrin pat ent. The Consolidated Lake Superior, it is stated, owns the entire capital stock. Provision al directors: F . H O le r g u e o f H a u ll S te . M a r ie , E . V . D o u g la s , W P . D o u g la s s F , a. L e w i s a n d J o h n S. F r e e m a n o f P h ila d e lp h ia , a n d H , O. H a m ilt o n o f S a u lt S te. M a r ie . A m erica n A lk a li Co.—Judgments by Default. — Judgments by default have been obtained against a number of holders of the preferred shares w ho failed to pay the assessment. Presi dent Brown estimates roughly that o f the $1,000,000 needed to build the plant on the A m erican side at Sault Ste. M arie, about h alf w ill eventually be forthcom ing from the assess ment; the remainder, it is stated, “ is practically assured from independent sources.” —V . 73, p. 1265. American Chicle Co.— Plan.—R eferrin g to the recently abandoned plan fo r increasing the capital stock (V . 73, p. 1315, 1266), w e have obtained confirmation o f the report that the company has instead decided to apply surplus earnings to the purchase o f tw o or three years’ supply o f chicle, thus providing against such manipulation o f the raw material as occurred last year. N early $1,000,000 worth, it is said, has already been ordered.—V , 73, p. 1315. American Clay Manufacturing Co —Change o f Name.— To complete our record, it should be said that the com pany’s name was changed on Feb. 1, 1901, to Am erican Sew er Pipe T b e d e b e n tu r e s w i l l h a v e a s p e c ific c h a r g e f o r t h e p a y m e n t o f e a c h Co. Stock for $7,794,700 and bonds fo r $1,648,500 are o u t y e a r ’ s In t e r e s t a n d r e d e m p t io n u p o n 8 7 ia p e r c e n t o f t h e n e t e a r n in g s standing. A lva h Trow bridge, o f this city, is President,—V . i n su ch y e a r o f t h e T e h u a n t e p e c N a t io n a l R y . a n d t e r m in a l h a rb o rs , 72, p, 874. ■which w i l l h a v e c o s t th e M e x ic a n G o v e r n m e n t , w h e n t h e b e t te r m e n t s a n d t e r m in a l w o r k s n o w m p r o g r e s s a r e c o m p le te d , c o n s id e r a b ly o v e r A m erican Grass T w in e Co.— New Plant —The company’s £ 5 ,0 0 0 ,0 0 0 ; a n d a ls o a g e n e r a l f lo a t in g c h a r g e u p o n a ll th e c o m p a n y ’ s new plant at W est Superior was put in fu ll operation last a s s ets. The share capital o f S. Pearson & Oo. (L im ited ) consists o f week and. the additions to the plant at St. Pau l are also about £500,000 5 per cent preferred, in £10 shares, fu ll paid; £ !,- ready for use.— V . 78, p. 1262, A m erican L in seed Co.— New Company.—See U nion Lead 000,000 ordinary shares of £ ;0 each (h a lf paid, all subscribed), and £1,000 management suares. Sir W eetm an D. Pearson is & O il Co. below .—V . 73, p. 1315. Chairman o f the board. General office, 10 V ictoria S t.,W e s t A m erican L ocom otive Co.— Additions—Orders,— President minster, London, S. W . —V . 72, p. 283. Callaway is quoted as saying: Tennessee C en tra l R y .— Extensions—Secretary W . E. W e in te n d t o s p e n d a t le a s t $ 2 ,0 0 0 ,0 0 0 in i m p r o v i n g o u r p la n ts . T b e p r o d u c t io n o f t b e p la n t a t S c h e n e c ta d y w i l l b e in c r e a s e d t o 1 ,0 0 0 , Eastman writes ns as follow s : T h e e x t e n s io n fr o m N a s h v ille t o L e b a n o n w i l l b e c o m p le t e d w it h in t h e n e x t 3 0 d a y s , w h e n t h e c o m p a n y w i l l t a k e p o s s e s s io n o f th e N a s h v i l l e & K n o x v i l l e R R . T h e s u r v e y s f o r t h e lin e f r o m N a s h v i l l e t o C l a r k s v ille a r e a b o u t c o m p le t e d , a n d i t is e x p e c t e d th e c o n t r a c t s c a n b e l e t w it h in t h e n e x t 3 0 d a y s . N o s t o c k o r b o n d s h a v e b e e n is s u e d o n a n y p a r t o f t h e l i n e , e x c e p t th e o r ig in a l 59 m ile s o n th e e a s te r n s e c t io n , T h e o t h e r w i l l h e Is s u e d a s th e s e c tio n s a r e c o m p le t e d . Y o u h a v e t h e a m o u n ts c o r r e c t In y o u r la s t r e p o r t . — V . 7 3, p . 4 4 6 . T o led o & Maumee V a lle y (E le c t r ic ) R y.—Purchase ,— The Everett-M oore syndicate, it is said, made in December the final paym ent o f the purchase price fo r the property o f this company and the Toledo W a te rv ille & Southern R R , Go. Louis E. Beilsteine, o f the Toledo R ailw ays & L ig h t Co., has been elected General Manager o f both concerns. Lease.— The company some tim e ago leased the power plant o f the M iam i V a lley E lectric Co. near M iam i and agreed to pay the interest on its $100,000 o f bonds. A new contract covering the W a te rv ille road has recently been entered into. —V . 73, p. 723. T o led o R a ilw a y s & L ig h t Co.—See Toledo & Maumee V a lle y R y. above.—V . 78, p, 614. Tuscarawas Traction Co., New Philadelphia, Ohio.— In Possession.— Bonds.—This company on Jan, 1 took over the property of the Tuscarawas RR . Co. and the Tuscarawas Electric Co., which were recently consolidated. An official statement says: T b e T u s c a r a w a s R R . C o . o p e r a t e d b e t w e e n U b r ic h s v ill e a n d N e w P h ila d e lp h ia , a d is t a n c e o f 9 m ile s , a n d w a s b o n d e d f o r $ 1 0 0 ,i OO a n d c a p i t a l i z e d a t $ 1 5 0 ,0 0 0 , a ll issu ed . T h e T u s c a r a w a s E l e c t r i o G o., o p e r a t e d b e t w e e n N e w P h ila d e lp h ia a n d C a n a l D o v e r , a d is t a n c e o f 4 m ile s , a n d w a s b o n d e d f o r $ 1 0 0 ,0 0 0 ; c a p it a l s to c k , $ 10 0 ,0 0 0 , a l l is s u e d . T h e t w o c o m p a n ie s w e r e m e r g e d u n d e r th e n a m e o f t h e T u s c a r a w a s T r a c t io n O o. w it h a n a u th o r iz e d b o n d is s u e o f $ 3 5 0 ,0 0 0 a n d t h e s a m e a m o u n t o f s to c k , $ 1 5 0 ,0 0 0 o f th e b on d s a n d $ 1 0 0 ,0 0 0 o f t h e c a p i t a l s to c k t o b e h e ld I d th e t r e a s u r y t o b e u s e d a t a n y fu t u r e t im e ■at t h e d is c r e tio n o f t h e s to c k h o ld e r s . F T . P o m e r o y is P r e s id e n t ; J. A . R u t h e r fo r d , V ic e - P r e s id e n t (G a r fie ld B u ild in g . C le v e la n d ); J . O. W ils o n . S e c r e t a r y , a n d W m . A k in s , T r e a s u r e r a n d G e n e r a l M a n a g e r .— V . 7 3 , p . 1265. Union Pacific RR .—Mr. Maht Comptroller o f Nearly A ll the H arrim an Lmes.— W illia m Mahi, long Com ptroller o f the Southern Pacific, haB been appointed also Com ptroller d o u b lin g it. T h e s e e x t e n s i v e a d d it io n s w i l l p r o b a b ly a b s o r b th e m a jo r it y o f th e s u rp lu s e a r n in g s o f th e y e a r . O u r p r e s e n t o r d e r s w i l l k e e p us b u s y u n t il w e l l on in th e y e a r , t h e n u m b e r a t p r e s e n t u n fille d b e in g 1,750. D u r in g 1 9 0 1 o r d e r s h a v e c o m e f r o m S o u th A f r i c a , M e x ic o an d J a p a n , th is la s t in c o m p e t it io n w i t h th e E n g lis h a n d G e r m a n c o m p a n ie s . W e e x p e c t f u r t h e r e x t e n s io n o f f o r e i g n t r a d e . — V . 73, p, 72<t. A m erican Lu m ber Co.— New Enterprise.— This company was incorporated in N e w Jersey about Dec 20 w ith $8,00!),000 of authorized capital stock, all of one class, in shares o f $10 each, to acquire and develop tim ber and mineral lands, and to render com m ercially available the various products therefrom. The company has arranged to take title to about 500,000 acres of tim ber land in N e w M exico on the line o f the Atchison Topeka & Santa F e near the city o f Albuquerque, and may also acquire several other large tracts in the W est and Southwest, and possibly some m ining properties. Th e directors are : H o n . J o h u T . R ic h , e x - G o v e r n o r o f M i c h i g a n ; H o n . E . O G ro s v e n o r , J o n e s v ille , M ic h . ; H o n . J . S. S te a r n s , G r a n d R a p id s , M i c h . ; H o n . A R . C h a p m a n , P e t o w s k y , M i c h . ; E , E . C r e p in , A l b e r t F a y a n d D . W . C. M e r r ia m , C h ic a g o ; F r e d . R o t h lis b e r g e r , Q iln o y , M i o h . ; C h a r le s H . W in c h e s t e r , E lk h a r t . I n d . ; G e o r g e D. H a r d i n g , W . H . S a w y e r , E d g a r A . W is n e r a n d F r a n k M . S t e w a r t , H i lls d a le , M ie h . American Rubber Corporation,—See Rubber Goods Manufacturing Co.—V. 73, p. 1364, American Sewer P ip e Co,—See American Clay Manufact uring Co. above.—V. 72, p. 874. American Sugar Refining Co.—Annual Meeting.—A t the animal meeting on Wednesday President Havemeyer con fined his report almost exclusively to an argument for the removal of the duty on raw sugar, He said in part: T h e e x is t in g h ig h t a r i f f u p o n r a w s u g a r c o n s tit u te s a c h a r g e u p o n th e c o n s u m p tio n o f n e a r l y 2 c e n ts a p o u n d T h is r e p r e s e n t s o n a n a n n n a i c o n s u m p tio n o f 2 ,3 6 0 ,0 0 0 t o n s , $ 8 5 ,0 0 0 ,0 0 0 a y e a r . O f th is , h o w e v e r , o n ly 1 ,3 6 0 ,0 0 0 to n s a r e im p o r te d ; y i e l d i n g c u s to m r e v e n u e s o f $ 4 9 ,0 0 0 ,0 0 0 . T h e b a la n c e , $ 3 6 ,0 0 0 ,0 0 0 , g o e s in t o t h e p o c k e t s o f th e p la n t e r s o f th e f o l l o w i n g S ta te s : Tons. L o u is ia n a p la n te r s ................ .............................8 5 0 000 D o m e s t ic b e e t ...................................................... ..1 5 0 .0 0 0 H a w a ii ............................. ............................ 8 5 0 .0 0 0 Porto Rioo................ ........... . ............ 1&0.000 Value. $ 1 2 ,6 0 0 ,0 0 0 5.41)0,000 1 6 0 0 .0 0 0 5,400,000 J anu a r y 11, 1903.] THE C H R O N I CL E . A r e m o v a l o f th is d u t y o n r a w s u g a r w o u ld r e s u lt In a s a v i n g t o t h e c o n s u m e r o f $ 8 6 ,0 0 0 ,0 0 0 . M is le a d in g s t a t e m e n t s a r e c o n s t a n t ly b e in g m a d e a b o u t t h e b e n e f i t t o t h e c o m p a n y o f r e d u c i n g t h e p r e s e n t h ig h ra te o f d u ty . T h e g a in w o u ld b e in c r e a s e d s a le s . T h e l o w e r t h e p r ic e s a t w h ic h r e f in e d s u g a r c a n b o f u r n is h e d , t h e l a r g e r Is th e n u m b e r w ith in w h o se re a c h it can b e b ro u g h t. T o th is e x t e n t t h e r e w o u ld bo a g a in to th e c o m p a n y , b u t th e s u b s t a n t ia l b e n e fit o f th e re m is s io n o r r e d u c t i o n o f t h e d u t y w o u l d b e to t h e c o n s u m e r . He also referred to the organization of a subsidiary New York corporation for the reasons already stated (V . 78, p. 1068,) and to the issue of $15,000,000 new stock. The total amount of stock outstanding at the present time is : Pre ferred, §44,068,800 ; common, $44,246,100. “ Aside from the matters to which I have previously referred,” he said, “ the business of the company during the year has proceeded as usual.” Competition.—The estimates of W illett & Gray of this city regarding the amount of refined sugar consumed in the United States during each of the last two years give some idea of the position of the company with reference to com petition. The estimates follow: CONSUMPTION OF BEFINED SUGAR. ,------------Calendar year------------ . ^ P e r cent Produced by— 1901. 1900. 1901. 1900. Am er. Sugar Refining C o .1,325,406tons 1,465,349 tons 57 9 67 3 Independent refiners. 812,048 tons 627,137 tons 35-5 28-7 Beet sugar factories. 107,859 tons 68,386 tons 4-7 31 Foreign refiners....... 42,515 tons 17,743 tons 1*9 ‘9 Total consumed......... 2,287,828 tons 2,178,615 tons 100 100 The National Sugar Refining Co., the most important of the independent refiners, produced about 276,000 tons in the past year —V. 73, p. 1358. 97 Bristol (Town.) Gas & Electric Co.—Incorporated,—This company has been incorporated in New York .State, with $300,000 authorized oapital stock. Directors: B e n ja m in L D u la n e y o f B r is t o l, T e n n ., a n d A n s o n M oO . H ea rd . J o h n D. F e a r h a k e . F r a n k B. P ie r c e a n d F r a n k M . W e lls , o f N e w Y o i k O ily . - V . 7 3, p. 139. Buffalo & Niagara Falls E lectric L igh t & l*ower Co.Called Bonds.—The following bonds have been called and w ill be paid on Feb. 1 at the Buffalo Loan & Trust Co. at the price named: Entire issue of first mortgage 6s at 104; en tire issue of second mortgage 6s at 106,—V. 72, p. 138. Burrows Lighting & Heating Co. o f America.—Incorpo ration.—This company recently filed articles of incorpora ted in Arizona. Authorized capital stock, $1,000,000, of which $500,000 6 p. c. non-cnmnlative preferred. Directors: E d w in A . H a l l , H y d e P a r k , M a s s.; W illia m G a l l e t l y , M a ld e n , M ass.; O. H e n r y K i m b a l l , C h e ls e a , M a s s.; G e o r g e H . B u r r o w s , S o m e r v ille , M a s s .; A r t h u r R . T o r r e y , N e w t o n , M ass. Butte City Water Co.—New Securities Ready.—The new securities are now ready for delivery at the Massachusetts Loan & Trust Co., Boston, Mass. The aforesaid trnst com pany is trustee under the new $2,500,000 mortgage. See plan of reorganization in V. 70, p. 1251; also see Y . 73, p. 186. Cbateaueay Ore & Iron Co.—Earnings.—The plan d e scribed in Y . 73, p. 1266, states the gross earnings as follows: S e p a r a te d o r e , $ 4 2 ,6 4 2 ; f o r g e ir o n , $ 1 9 ,5 8 4 ; p u lp w o o d , $ 5 4 ,2 7 5 . r e n ts , $ 2 ,1 7 1 ; s to r e s , $ 2 6 ,5 6 4 ; fa r m s , $ 9 1 0 ; r a ilr o a d , $ 2 9 ,6 1 0 ; t o t a l ’ $ 1 7 5 ,7 5 4 . T h e s u p p ly o f p u lp w o o d , i t is s ta t e d , w i l l l a s t b u t a f e w ’ y e a r s m o r e a t | e p r e s e n t r a t e o f c o n s u m p tio n , a n d th e f o r g e ir o n th is n o t l i k e l y t o o o n t ln u e t o y i e l d in c o m e , as th e f o r m e r p u r c h a s e r s h a v e d is c o v e r e d a s u b s titu te . It is proposed to expend $90,000 in modernizing the fur American (B e ll) Telephone & Telegraph Co.—Output.— nace and equipping it for the production of pig iron, to The output of instruments for the month ended Dec. 20 in build 40 additional charcoal kilns at a cost of $40,000, to 1900 and 1901, and for the years ended Nov. 20, was: test thoroughly a new and promising iron mine owned by -------- Month. --------, / ------ 12 M o n th s ------ , the company, and to expend $94,000 on repairing and im To Dee. 20— 1901. 1900. 1901. 1900. proving the railroad.—See readjustment plan, V. 73, p. 1266. Gross ontpnt.....................$92,732 $63,196 $960,055 $683,955 Net output........................ 58,044 39,603 573,194 372,311 Chicago Pneumatic Tool Co.—Consolidation— This com T o t a l n u m b e r o f in s t r u m e n ts o u t D e o . 2 0 ......... 2 ,5 2 6 ,0 1 0 1 ,9 52 ,81 6 pany was incorporated in New Jersey on Dec. 28 with $7,— V . 7 4 , p . 42. 500,000 of authorized capital stock, and on Dec. 31, 1900, American Transportation Co.—Interest Payment.—'The took over the properties of the following concerns: Morton Trust Co. paid on Jan. 2 $5 per bond on each of the C h ic a g o P n e u m a t ic T o o l Co. o f C h ic a g o a n d N e w Y o r k , B o y e r M a class B bonds.—V, 73, p. 34. c h in e C o. o f D e t r o it ; th e n e w T a it e - H o w a r d P n e u m a t ic T o o l C o ., E n g la n d ; C h is h o lm & M o o r e C r a n e C o. o f C le v e la n d . O h io , a n d F r a n k lin American Type Founders’ Co.—New Stock.—The share A i r C o m p r e s s o r Co. o f F r a n k lin , P a ., t h e l a s t n a m e d c o n t r o l l i n g th e holders yesterday ratified the proposition to issue $2,000,000 N e w Y o r k A i r C o m p r e s s o r C o. o f N e w Y o r k , w h ic h a c ts a s it s s e llin g 7 per cent cumulative preferred stock.—See particulars in a g e n t. official circular, V. 73, p, 1358. The capital stock is all of one class; the present issue is American Vulcanized Fibre Co.—Consolidation.—This $5,000,000. There are also $2,500,000|of 5 per cent 20-year company was incorporated in Delaware on Dec. 4 with $3,- gold bonds, of which $500,000, with $2,500,000 stock, remain in 400,000 authorized capital stock, $900,000 of which is 7 per the treasury. The aggregate earnings of the constituent com cent cumulative preferred, and has absorbed by consolidation panies are reported as at the rate of $700,000 a year, which, after paying fixed charges of the new company and sinking the following companies: fund under the mortgage, would leave 11 per cent earnings K a r t a v e r t M a n u fa c t u r in g C o ..W ilm in g t o n , D e l., V u lc a n iz e d F ib r e C o ., on the stock. The company, it is stated, starts with working W ilm in g t o n , D e l., A m e r ic a n H a r d F i b r e C o ., N e w a r k , D e l., L a m in a r F i b r e C o ., N o . C a m b r id g e , M a ss. capital of over $1,000,000, of which more than 50 per cent is The present issue of preferred stock is $509,000, common in actual cash. John W.Duntley of Chicago is President, with headquarters stock, $1,715,000; par value of shares, §100, The total author ized bond issue is $600,000, of which $424,000 has been issued. in the Monadnock Building. Max Pam of Chicago ar These bonds are collateral trust first mortgage 6 per cent 20 ranged the consolidation, which is supposed to control about year sinking fund gold bonds, interest payable June 1 and one-half of the output of pneumatic machinery in the United Dec. 1; §100,000 of them are subject to call after three years States. N ew Jersey office, Corporation Trnst Co. Building, at 105 and accrued interest. The trustee under the mortgage Jersey City. The directors are: is the Security Trust & Safe Deposit Co , Wilmington, Del. C h a r le s M . S c h w a b , P r e s id e n t o f U n it e d S ta te s S t e e l C o r p o r a t io n ; The product of the company is known as “ vulcanized J o h n A . L y n c h , P r e s id e n t N a t i o n a l B a n k o f R e p u b lic , C h io a g o ; J o h n R . M o G in le y , P it t s b u r g , P a .; J a m e s H . E c k e ls , P r e s i d e n t C o m m e r c ia l fibre” and is used for electrical purposes, as well as for roving N a t io n a l B a n k , C h ic a g o ; W illia m B. D io k s o n ; C h a r le s M i l l e r , P r e s i cans, trunks, boxes, etc. George B. Hanford and H arry S. d e n t G a le n a O il C o.; J. W . D u n t le y ; J o s e p h B o y e r , P r e s id e n t B o y e r Stallknecht, Broad Exchange Building, had to do with the M a c h in e C o.; E d w a r d Y . M o o r e ; M a x P a m , c o u n s e l; J o h n C h a r le s T a l t e a n d C h a r le s P a r k e r W h it c o m b e o f th e T a it e - H o w a r d C o. organization of the company. P r e s id e n t, J. W . D u n t le y ; V ic e - P r e s id e n t , W . O . D u n t le y ; 8 e c o n d Ansonia Brass & Copper Co.—In< rease o f Stock.—The V ic e - P r e s id e n t , E d w a r d Y. M o o r e ; T r e a s u r e r , E r n e s t P . W e n g e r ; S e c r e t a r y , L e R o y B e a r d s le y . authorized capital stock has been increased from $1,500,000 Bee also Standard Pneumatic Tool Co. below. to $2,000,000, par value of shares $100. Cincinnati Gas & E lectric Co.—New Stock,—The share A tlantic Rubber Shoe Co.—Officers.—The officers of this holders on Jan. 8 approved the proposition to increase the new company are announced as follows : (See V. 73, p. 447.)—V. 73, p. 618. P r e s id e n t , W . J. B. S to k e s , a n d T r e a s u r e r , J o s e p h O l i v e r S to k e s , o f capital stock by $1,000,000. T r e n t o n ; V ic e P r e s id e n t, F . N . W h ite , o f E a s t O r a n g e ; S e c r e ta r y , Colorado (B e ll) Telephone Co.—Increase o f Stock—The F r a n c is C. L o w t h e r p a , o f T r e n t o n ; M a n a g e r , H e n r y O. D o w d y , o f P r o v id e n c e . D ir e c t o r s , b e s id e s th e o ffic e r s n a m e d : H e n r y R o g e r s , o f company has increased its authorized capital stock from $3,000,0U0 to $5,000,000.—V. 72, p. 341. B o s to n , a n d W illia m H o tc h k is s , o f E a s t O r a n g e . It is proposed to establish a factory at Trenton, N. J.—V. Concord (N . H.) Electric.—Right to Mortgage.—The Su 73, p. 1315, preme Court of New Hampshire on Dec. 30 decided that this Atlas Tack Co,— Sale Feb. C. —The foreclosure sale under company, as successor of the Concord Land & Water Power the first mortgage is advertised to take place Feb. 6 at the Co,, has the power to mortgage its property and franchises, —V. 73, p. 289. Real Estate Exchange, Boston.—V. 73, p. 1315. Consolidated Lake Superior Co.—Tube Works.—See AlAubnrn Gas Co.—Status.—Referring to the bonds offered goma Tnbe Works above. last week (page 42) the following is of interest: Ore Contract,—See Sharon Steel Co. below.—V. 78, p. 1109. T h e A u b u r n G a s L ig h t Co. (th e p r e d e c e s s o r c o m p a n y ) has p a id r e g u la r d iv id e n d s f o r f i f t y y e a r s , a v e r a g in g o v e r 8 p e r c e n t (its c a p it a l Copper Range Consolidated Co.—Directors.—Directors: s to c k r e c e n t ly b e in g $ 1 5 0 ,0 0 0 .— E d .) ’T h e c o m p a n y h a s n o c i t y c o n t r a c t, d e r iv in g its In c o m e fr o m p r iv a t e c o n s u m e rs . A s in k in g fu n d f o r th e r e t ir e m e n t o f t h e b o n d s c o m m e n c e s t o o p e r a t e in J a n u a ry , 1904. F r a n c h is e s a r e p e r p e t u a l a n d f r e e f r o m o b je c t io n a b le c o n d itio n s . E a r n in g s f o r y e a r e n d e d N o v . 3 0 ,1 9 0 1 (p a r t ly e s t i m a t e d ) : G ro s s $ 5 6 ,3 4 4 ; n e t, $ 22 ,0 0 0. C a p it a l s to o k , $ 3 5 0 ,9 0 0 c o m m o n a n d $ 1 5 0 ,0 0 0 6 p e r c e n t p r e fe r r e d . S e e V. 7 3 , p. 1 3 1 5 .— V . 7 4 , p. 42. J o h n S ta n to n , o f N e w Y o r k ; S a m u e l L . S m ith a n d C a m e r o n C u r r ie , o f D e t r o it ; J . H e n r y B r o o k s , C h a r le s H . P a in e , E . B . M a lt b y , F r e d e r io S ta n w o o d a n d W i llia m A . P a i n e . —V . 7 3 , p. 1315. . Crude Rubber Co.—Receiver.—This company, incorpor ated in Virginia in 1897 with $1,000,000 capital stock (sub sequently reduced from $1,000,000 to $600,000), was on Jan. 4 Birmingham Realty Co.—Purchase.—The company’s title placed in the hands of W illiam W . Ladd Jr. as receiver to its property, it is believed, has been finally perfected through its purchase of the property of the Elyton Land Co. upon application of Flint & Co,, acting on behalf of the (predecessor of Elyton Company) at receivers’ sale Jan. 7 for stockholders and creditors. W illiam Nelson Cromwell as counsel is quoted as saying: $100,000 cash.—V. 72, p. 243. Borden’s Condensed Milk Co.—Purchase.—The company has contracted to purchase the entire property of the Maine Condensed Milk Co., including factories at Newport, Me., and Whitefield, N. H .—V. 73, p. 1209. T h e aesetfl w e r e s ta t e d t o b e $ 2 ,0 0 0 ,0 0 0 w o r t h o f c ru d e r u b b e r a n d $ ' ,000,000 o f b ills r e c e i v a b l e —n e a r l y a ll o f I t p le d g e d t o b a n k e r s to s e c u r e lo a n s . T h e d ir e c t l ia b ilit ie s w i l l a m o u n t t o a b o u t $ 3 ,0 0 0 ,0 0 0 a n d in d o r s e m e n ts a n d g u a r a n t ie s t o a b o u t $ 2 ,0 0 0 ,0 0 0 , o f w b io h a b o u t $ 80 0 ,0 0 0 , is In r e s p e c t o f th e p a p e r o f G e o r g e W a t k in s o n & Co. o f P h il a d e l p h i a , w h o fa i l e d r e c e n t ly f o r a l a r g e su m . (S e e V . 7 4 , p . 5 2 .) 98 THE CHRONICLE Mr Flin t is quoted as raying: A s to U*6 outoha.se o f th e s to c k o f r u b b e r o f th e c o m p a n y , a m o u n t i n g t o a lit t le o v e r o o o , b y th e In te r n a t io u a L C r u d e R u b b e r C o. (V . 7 1, o i 3 1 3 ), or vv h ich I a m P r e s id e n t , th e Lu t e r n a t io n a l w ill g e t o u t ox th a t o u th iu K but a i p e r c e n t b r o k e r a g e , a n d a ll p r o fit s w i l l g o t o th e C ru d e R u b b e r C o T h e $1,000,01 0 w o r t h o f th is s to c k w h ic h 1 s o ld y e s t e r d a y w a s b o u g h t b y tfio u n it e d S ta te s R u b b e r C o . This r u b b e r is t b e p a id f o r in c a s h in s i x t y d a y s , a n d is a p a r t o f t h e $ 2 ,0 0 0 ,0 0 0 w o r t h h eld as s e c u r it y b y b tnh e r s . The failure is attributed by Mr, F lin t to the decline in the price ot rubber from $1 15 to 87 cents a pound, and to the open wiuiera o f 1900 and 1901, which reduced the demand for rubber shoes and so fo r rubber, Dartmouth .ill 1 C orp oration (N e w B e d fo rd ),— Bonds,— 1 The shareholders have voted to issue $500.00 o f 20 year 4 per cent gold bonds, to pay for the new addition w h ich is in pro cess of erection. D elaw are Iilv e r F e rry O k — Called Bonds.— The follow in g first uiorigagt? bonds of 1891 have been drawn, and w ill be paid at 105 on presentation at the office o f the Provident L ife & Trust Go, of Philadelphia, viz., Nos. 73, 189, 333, 816, 850, 354, 401, 414, 434, 493, Interest ceased Jan. 1.— V, 73, p, 1383. [Y ol. LXXIV. o f $10n, of which $1,000,(00is 7 percent preferred (con-votin g so long as dividends are paid in fa ll), controls all the capital stock of the. K>Hogg- M ackay- Cameron Co. o f Chicago; the Kewarno Boiler Co. of K ew acee, 111,; the Model Heating Go. of Philadelphia and Unicntown A cm e Radiator Co. o f Uniontown, Pa The directors are: E E. lin k e r, C la r e n c e V , K e l l o g g ( P r e s id e n t ), W , ft. P f a l i l e r (V ic e P r e s id e n t ) B F B a k e r (T r e a s u r e r ), A. O. M o t t , J. P . D a g g e r , J a m e s M a o k a y , \V. A. C a u e r o n , K. P. M o t t, L . G . M c O n u u a n d W . D K e l l o g g . The separate companies w ill run independently as hereto fore. F lin t, Eddy & A m erican T ra d in g Gin—Change in Control. — Director T ie c o r L, Park is quoted as saying: S e v e r a l fr ie n d s o f m iu e a n d I h e ld th e c o n t r o l o f th e o ld A m e r ic a n T r a d in g Go. ai d so b eu a ta e m in o r it y s to c k h o ld e r s in th e c o n s o lid a t e d c o m p a n y . R e c e n t ly w e an d o u r m e n d s h a v e p u rc h a s e d th e b a la m e o f t h e ut-w c o m p a n y ’ s t r e a s u r y s to c k ( 66o,o< 0 ) and h a v e a ls o b o u g h t f r o m th e m e m b e r s o f th e o ld F lin t , E d d y & Oo. a b lo c k o f t h e ir h o ld in g s in th e p r e s e n t c o m p a n y , so t h a t w e n o w h a v e a l a r g e c o n t r o l l i n g in t e r e s t in th e n e w c o m p a n y . Mr. Flin t, how ever, has not retired from th e c m p a n y . The new interests include J. G. McCullough, O. J. Jennings and Clarence Seamans [ f W yckoff, Stamans & Benedict], the last tw o recently elected directors. The company, it Diamond Hatch C a,—New Officers. —George H. W ebster, is stated, is doing a business of $25,(00,000 a year and has F irst V ice President, has x*esigned, and James Hopkins, Sec $2,000,000 quick cash assets over all liabilities, and more ond V ice President, has been ehcted to succeed him. Archi than $6u0,(jC0 in not slow, but slower, assets.— V. 71, p. 184. bald G. Lindsay of D -tro it has been elected to fill the Das, E lectric L ig h t & P o w e r Co., Van W ert, 0 .— Preferred Stock .— This company recently reduced its common stock vacancy on the board.— V 73, p. 1063, from $100,0 0 to $50,000 and increased its preferred stock D om inion Iron & Steel Co,— Steel Furnaces in Use.—Tw o o f the ten steel furnaces were started up on Dec. 30.—V . 73, from $50,000 to$l00,0C0. G eneral E lec tric Co.— Rumors.— See Westinghouse Elecр. 1267. trie < Manufacturing Co. below. V . 73, p. 1359. fc Durham (N. C.) L ig h t & P o w e r Co.— M ortg- ge.— The H argraves M ills o f F a ll R iv e r .— Bonds.— T o e stockhold company bas made a m ortgage to secure $i00 0 0 of 5 per ers of the Parker and Hargraves m ills have been notified by cent $l,i 00 bonds dated Dae. 1,1901, and due Dec. 1, 19'28. circular that they can subscribe pro rata until Jan. 20 for the E lec ti Ic V eh icle Co.— Mortgage .—'The company has filed new 5 per cent bonds which are to be issued Feb. 1, 19 2. at H artford a deed of trust dated N o v. 1, 1901, to the Morton The bonds are*in denominations o f $500 and $1,000, and w ill Trust Co., as trustee, to secure $2,250,000 bonds, o f which be due in 30 vears, subject to call after three years at 105,— $1,675,000, it is understood, w ill be issued only to t ik e up the Y . 73, p. 1013. $1 675,( 00 of bonds which were is-ued early in 1901, Houston Oil Co.— Ouaranty.—See “ Tim ber Certificates” The security for the m ortgage is described in the “ H a rt below .— V. 73, p. 289. ford C ou rant” as follow s: Hudson R iv e r E le c tric Co.— Mortgage. —This company, T h e h u U d ln K s ,a p p u r te n a n c e s a n d fix t u r e s , lo c a t e d o n P a r k S t ; 8,0 00 incorporated last A p ril, has made a m ortgage to the Morton s h a re s o t rh e s to c k . 1 m e N e w H a v e n C a r r ia g e O o.; 7 0 ,0 0 0 s h a re s o f t h e s to c k o f th e N e w Y o r k E le c t r ic V e h ic le T r a n s p o r t a t io n O o. (s e e V . Trust Co. of N ew York, astruftee, to secure $3,000,000 o f m o rt 7 3, p. l a i c ) } 8 0 0 o sh a re s o f th e P e n n s y lv a n ia E le o t r lo V e h ic le Oo. gage 5 p. c. gold bonds of $1,000 each, due N ov. 1, 1931. The (s e e V . 73, p . 1 2 1 1 ); 40,nOO s h a re s o f t h e R lk e r M o t o r V e h io le C o.; 4 .0 0 0 s h a re s o f th e W a s h in g to n E l e c t r i c V e h io le T r a n s p o r t a t io n O o ; m ortgage covers real estate at Spiers Falls, a concrete 5 0 .0 0 0 s h a re s o f th e N e w E n g la n d E le c t r ic V e h ic le Oo. (s ee V . 7 3, p. dam across the river, power plant, the right o f w ay from there, 5 3 9 ); $ 6 5 0 ,0 0 0 p a r v a lu e o f The n o te s o f t h e N e w Y o r k E l e c t r i c to Schenectady, a distance o f 39 miles, w ire, poles, fran V e h io le t r a n s p o r t a t io n Oo. a n d a ll o f th e p a t e n t s o w n e d b y th e chises, etc. The President is C. H. Peddrick Jr,, Secretary E l e c t r ic V e h ic le O o.— V . 7 3 , p. 1162. Elm er J. W est and Treasurer E. H. Gay. The n w company E rie Telegraph & Telephone Co.—Deposits.—Over 90 p. W'mld appear to be an enlargement o f the Hudson R iv e r с. of the shares ana over 75 p, c, o f all the bonds have been W ater Pow er Co. E. H. G ay & Co. have sold $1,5C0,00J of deposited under the plan ; further deposits w ill be received that company’s bonds and are offering the remaining $500,000 until 2 p. M. Jan, 15. The old securities have been stricken fro m the list of the Boston Stock Exchange and have been at 102.— V. 72, p. 938. Hudson R iver W ater P o w er Co,—See Hudson R iv e r replaced by the receipts issued therefor by the National Shawmut Bank, the depositary, Boston. See plan V , 73. p. Electric Co. above.— V . 72, p. 583, International Car Wheel Co —In P o s s e s s i o n — Mortgage.— 1359 and V . 74, p. 43. Fayment o f Notes.— Kidder, Peabcdy & Co. giv e notice This company, organized in June, 1899, under the laws o f that the $9,000,000 colla -ral trust 5 per cent 1 year coupon N ew Jersey, has taken over the management o f the N ew notes w ill be paid in fu ll, principal and interest, upon p re York Car Wheel W ork s and the P. H Griffin Machine W orks, both Buffalo concerns, and of the Michigan Iron Co. sentation at the Old Colony Trust Co., Boston,—V. 74, p. 42. F a irm o n t Coal Co.— Bonds.—The first m ortgage made of Detroit. I t has acquired the stocks o f the corporations June 27, 1901, to the Guaranty Trust Co., as trustee, secures named, and real estate in Buffalo and D etroit, and has made 16,000,0( 0 of 6 per cei t 30 year sinking fund gold bonds of a m ortgage to the N orth Am erican Trust Oo, of this city as $1,000 each, dated July 1, 1901, and due July 1,1931, but trustee to secure $600,000 bonds. The r e t earning power o f subject to call fo r paym ent at 105 and interest, in whole or these concerns, it is said, aggregates over $100,000 per annum. in part, on any interest day. A s a sinking fund fo r redem p The N e w Y ork company claims to have placed in service tion ot the bonds the company cover ants to pay to the trustee 20,0( 0 o f its chilled wheels under 100,000 pounds capacity 2 cents per ton (3 240 lbs.) of all coal mined, whether from freigh t cars “ w ithout one rem oval fo r breakage o f any kind,” property owned or leased. O f the authorized issue o f bonds The bonds a ie gold 6s, dated Deo. 23, 1901, and are due $415,000 are issuable only to retire at par $200,000 bonds of Dec. 23. 1911, but subject to call at par on an interest day, the Am erican Coal & Cok^ Co., dated Feb. 1, 1901, and $275,- Authorized capital stock, common, $10,001,000; preferred. 000 bonds of the Briar H ill Coal & Coke Co., dated 1900. 7 per cent cum ulative, $5,000,000. See Y 69, p, 130. In te rn a tio n a l Crude R u bb er Co,—See Crude Rubber Co, The mot tgage covers w ith much other property that con veyed to the Fairm ont Coal Co. by the fo llow in g companies, a b o v e .- V . 72, p 482; V . 71, p. 1313. subject to reservation, etc., named therein: [II. W .] Joh n s-M an ville Co.— Consolidation.— The H, W , G a s to n G a s G o a l C o., M o n t a n a C o a l & C o k e C o ., P a l a t i r e C o a l C o., Johns Mrg. Co. of N e w Y o rk and the M an ville C overing Co. H i g h la n d C o a l & C o k e C o .. M a son C o a l & C o k e C o .. H u t c h in g m - E iile n of Milwaukee w ere consolidated under this title on Jan. 1. C o a l C o ., H u tc h in s o n C m d C o.. B r ia r H U l C o a l & C o k e C o ., W e s t F a i r The new company filed articles o f incorporation at Albany m o n t C o a l & C c k e C o ., M r a d o w B r o o k C o a l & C o k e C o ; le a s e d r ig h t s o b t a in e d f r o m M o n o n a .h C o ., le s s o r , a n d M o n o n g a h e la R i v e r H R ., Dm. 16, w ith a capital stock of $3,000,001, of w hich $500,000 e tc ., le ss ee ; A m e r ic a n C o a l & C o k e Co. is 7 per cent cnm nlative preferred and $2,500,000 common; A large inrerest in t t e stock of the Northw estern Fuel Co. no hoods. The officers are: was recently acquired “ by the controlling factors of the T. F . M a n v ille , P r e s id e n t ; O. B . M a n v i l l e , V id e - P r e s id e n t ; G e o r g e Fairm ont Coal Co.” The Northwestern Fu el Company 5V G ia iiw in , V ic e - P r e s id e n t ; F . R . B o o o o c k , T r e a s u r e r ; H . E . M a n recently bought all the stock of the North Wisconsin Dock v i l l e . S e c r e t a r y , a n d J a m e s G . C a n n o n , C h a ir m a n o t t h e B o a r d o f D i Co., w hich controls docks and wharves along the Great Lakes r t e to r s . On completion o f the plant at Milwaukee fo r the rnanuused for handling coal. The Northw estern is also erecting at W est Superior one of the largest coal docks in the world; it facture of carbonate o f magnesia and mineral w ool the com w ill have a capacity of about 2,000,000 tons, and w ill cost up pany w ill be prepared to furnish all grades of s’ earn pipe wards of $700,000. The stock of the Northwestern was re and boiler coverings and asbestos goods o f every description. K ir b y L u m ber Co,—See “ Tim ber Certificates” below ,— cently increased from $25,( 00 to $2,500,000, See also V . 73, p. 84. C. W . W af son is Pres cient, No. 1 Broadway, N ew Y o rk V. 73, p. 141. C ity .— V. 73, p. 84. Lack it wanna Ir o n & S teel Ho.— Pure! use.— This company F a rm iu g tc n (M e ) W a te r Co.— Plant Sold .— The m unici has purchased the Shermans’ one-third interest i « the m ires, pality has purchased the company's plant. See “ State and railroad property and furnace of W ith er bee, Sherman Y Oo, (Y . 71, p. 88), at P o rt Henry, N . Y .— V. 78, p. 1163, C ity D p-u*tment.” —V . 74, p. 58, L a G range (111.) W ater, L ig h t & P o w e r Co . —Plant Pur F e d era l B o ile r & Supply Co.— Amalgamation .—This com pany, which filed articles o f incorporation in N ew Jersey on chase* by M unicipality—Bo ds Offered. -This company's Dec. 13, w ith $3,f00,COO o f authorized capital stock in shares plant has" been purchased by the m unicipality of La Grange. J anu ary 11, 1902.] IHF OJHKONl CLf c. 99 to the syndicate for $825,060. From tips sum it is stated, will he paid the prior liens, fl rating debt, and taxes, leaving about $410,000, from which has been declared this dividend of 33 1-3 per cent. Later a final distribution of about 8 or 4 per cent, it is expected, will be made — V, 72, p. 939. New Y ’ork Transportation Co.—New Name. —8 e New York Electric Vehicle Transportation Co. above.- V. 78 p. 1316. Niagara Falls Hydraulic & Manufacturing Co. of Niagara Falls —M ortgage—This company has made a mortgage to the Fidelity Trust Co. of Buffalo, as trustee, to secure $1,200,000 of $1,00 ) 20-year gold bonds. ThiGs the company which has a plant on, the cliff overlooking tbe Niagara River a short distance below the falls. The company now develops and sells 85,000 horse-power to various industries and has re cently obtained from New York State a new charter with rights to widen and deepen the intake canal to a uniform width of 100 feet and a mean dep'h of 14 feet, “ drawing from Niagara Riv6r at Port Day the amount of water requisite to such capacity.” This, it is stated, insures 100,< 00 horse-power at least to this company, and the work is now being vigor ously pushed to that end, George B. M ethews is President and Arthur Schoelkopf, Secretary and Treasurer. Nicaragua Canal.— House Passes Hepburn B ill. —The House at Washington on Thursday, with only two dissenting votes, passed the Hepburn Canal bill, authorizing the con struction of an isthmian canal by the Nicaragua route. Those who favored the Panama route, when they found they were in the minority, voted for the bill. An amendment author izing the President to negotiate for the Panama route as well as the Nicaragua was lost by a vote of 102 to 170. Action by the Senate, therefore, in favor of the Panama route may lead the House to accept a compromise measure.— V. 73, p. 1316. J a m es J o n e s , C h a ir m a n o f th e b o a r d o f d ir e c to r s ; J o h n H . J o n e s f o r m e r l y a d ir e c t o r o f th e M o n o n e a h e la R iv e r C o n s o lid a te d C a n a l & Ogden Gas Co. of Chicago.— See People’s Gas Light & C o k e C o., P re s id e n t; T . P. J o n e s , V ic e P r e s id e n t; W . I. J o n e s , S e c r e Coke Co. below.—V. 72, p, 244. t a r y ; D . G. J o n es, T r e a s u r e r ; H a r r y P . J o n e s . G e n e r a l M a n a g e r . Panama Canal Co.— Offered for $ 4 0 000.000.— The company Milwaukee & Chicago Breweries Co. (Ltd.)—Report.— has formally' offered to transfer to tbe Government of The report for the fiscal year ended Sept. 30, 1901, shows : T o t a l sa le s, 7 1 9 ,O t 9 b a r r e ls o f b e e r , b e in g th e la r g e s t s in o e l8 9 3 ,a n d the United States on payment of $40,000,000, its pioperties c o m p a r in g w it h 7 1 6 ,4 8 9 in 1900 a n d 6 2 4 ,7 2 4 b a r r e ls in 18 7 , N e t and concessions, estimated at that amount by tbe Isthmian p r o fit s o f t h e A m e r ic a n c o m p a n y f o r th e y e a r , a f t e r p r o v id in s f o r d e b Canal Commission, in conformity with the terms and condi e n tu r e in te r e s t , d e p r e c ia tio n , e tc ., w e r e $ 121,227 a g a in s t $ 1 6 9 ,7 6 9 in 1900. T h e E n g lis h c o m p a n y r e c e iv e d £ 4 ,83 3 in d iv id e n d s fr o m th e tions cf the estimates of said Commission. Tbe latter’s A m e r ic a n c o m p a u y . a n d a f t e r m a k in g v a r io u s d e d u c tio n s a n d a d d in g report states the total value of the canal as follows : 111., and a copy of the ordinance passed by the Council au thorizing the purchase, signed by the President of the mu nicipality, appears on the back of each of the $75,000 bonds (balance of $300,000 issued) now offered by W. J. llayes & Co of Cleveland. Earnings ol' plant for 19 )1 reported as, gross, $38,123; net earnings, $17,791. See V. 72, p, 991. Leavenworth (K an.) L ig b lin g & Heating Co.—Change, in C on trol-N ew Securities.— Bertron & Storrs of this city have purchased control of this company and increased the outstanding capital stock from $300,000 to $350,000, pur value of shares $100. They have also made a new mortgage secur ing $150,000 ot 5 per cent and the same amount, of 0 per cent bonds due in 1917, but subject to call in 1907 and thereafter at 105. The interest is payable in January and July and the Amfrioan Trust & Savings Bank of Chicago is mortgage trustee. The entire amount of new bonds is out standing, having been issued with the new stock to retire the $350,0( 0 old 6s.— V. 70, p. 844. Litchfield ( I I I . ) Gas & E lectric Co.-Change o f Name — Mortgage.—The Li'chfield Electric Light & Power Co. has changed its name to the Litchfield Gas & Electric Co., in creased its capital stock from $15,000 to $50,000, and made a mortgage to the St. Louis Trust Co. for $50,000. Manufacturers’ & Consumers’ Coal Co.—Consolidation — This company was organized at Pittsburg on Jan. 4 with $5 000,000capital stock “ all paid in,” as a consolidation of ihe Jones coal interests in the Pittsburg district, viz,, the John H. Jones Coal Co. and tbe Manufacturers’ & Consumers’ Coal Co. Tne Pittsburg & Buffalo Coal Co., while operating as a separate company, will be managed from the same general office, makiDg, it is claimed, over 20,000 acres of coal land under one control. The officers are: c e r t a in ite m s , in c lu d in g £ 2 2 o b r o u g h t f o r w a r d , th e r e r e m a in e d a v a i l a b le f o r d iv id e n d s £ i 9 , 0 i 5 , f r in w h ic h 5 p e r c e n t, £ 3 8 ,7 50, w a s p a id o n th e p r e fe r r e d s h a re s (in c lu d in g 2i$ p e r c e n t p a y a b le D e c . 3 1 ), l e a v i n g t o c a r r y f o r w a r d £ * 0 5 .— V. 7 2 , p . 1033. Moaongaheiii R iv er Consolidated Coal & Coke C <>.— —This compaDy, we learn, has purchased from Join H Huff man & Co, of Louisville all their harbors, property and boats at Louisville and Jeffersonville, Ind., “ at a figure materially less than $500,000.” —V. 72, p.1191. M anicipal Gas & E lectric Co. o f Rochester.—Incorpor ated,.—Th\s company was incorporated at Alban? on Wednes day; authorized capital stock $2,500,000, in $100 shares. The directors are: Amon R. Flower and C. K G. Billings of New York City and H. C. Brewster of Rochester. National Asphalt Co. —Competition.—See Warner-Q rinlan Co. below. Litigation .—The question as to the title to the Aspbait lakes in Venezuela was taken to the Supreme Court of that country some time ago and is yet to be decided. The decision announced last week in favor of the Warner-Quintan Co it appears was only a decision of a minor court as to the right of possession of the property pending the settlement of the main question. This latter case has been appealed and the Bermudez Co (National Asphalt Co.) in the meantime holds the lakes with armed guards.—V. 74, p. 42. Natural Food Co.—Bonds.—The company’s mortgage to the Colonial Trust Co as trustee secures $1,250,000 of first mortgage 5 per cent gold bonds, dated Jan. 1, 1901, and due Jan. 1, 1921, without option of earlier payment, denomina tions $100, $500 and $1,000.—V. 72, p. 343. New Jersey Zinc Co.— Called Bonds—One hundred and twenty four bonds of 1897 have been called and w ill be paid at 105 and interest at the Farmers’ Loan & Trust Co. on Feb. I, 19 2.—V. 73, p 845. New York Electric Vehicle Transportation Co.—Reduc tion o f Stock—New Name. —The shareholders on Thursday adopted the preposition to reduce the capital stock from $25,000,000 to $5 000,000, and the par value of shares from $100 each to $20; also to change the name of the company to the New York Transpoitation Co.—V. 73, p. 1316. New York Loan & Improvement Co.—Reduction o f Stock. —The shareholders were to vote Jan. 9 on a proposition to re duce the capital stock from $1,789,500 to $1,432,30 », the par value of shares ($100) to remain unchanged.— V. 71, p. 1273. New York Really Corporation.— Dividend—See page 1359 of Chronicle ot Dec. 28, 1901. New York Stevedoring Co.—See page 1359 of Chronicle of Dec. 28, 1901. New York Suburban YYater Co.—Sa'e—Distribution.—The ReOTganiza'ion Committee, having sold the property of this corn any and the Maraaroneck Water Co. to a syndicate, re cently declared a dividend of 83 1-3 per cent on tbe depos ited bonds upon tbe surrender of both bonds and stock. A plan of reorganization was proposed some months ago, bur, we are informed the committee found that to meet all the various requirements so large an amount of new money would be needed that they thought better to sell out E x c a v a t i o n a lr e a d y d o n e , $ 2 7 ,4 7 4 ,0 3 3 ; P a n a m a R a il r o a d s t o c k a t p a r , $ 6 ,8 5 0 ,0 0 0 ; m a p s , d r a w i n g s a n d r e c o r d s , # 2 ,0 0 0 ,o o O — t o w h ic h a d d 1 0 p e r c e n t to c o v e r o m is s io n s , m a k i n g t h e t o t a l v a lu a t i o n o f t h e P a n a m a C a n a l $ 1 0 ,0 0 0 ,0 0 0 . This $40,000,030, however, excludes the hospital, mechan ical and warehouse plant of the Panama Company, which are considered to be worth in round lumbers about $2,500,000, and the right of way, which the Columbian Government has hitherto held to be worth an annual rental of not less than $5C0 000. See also Nicaragua Canal above.—V. 73, p. 1859. Parker M ills,—Bonds.—See Hargraves Mills above.—V. 73 p. 1014. Penn Plate Glass Co —Master's Decision Reversed;— The United S’ ates Court at Pittsburg on Dec. 28, reversing the decision of the Master, held valid the $250,000 bonds secured by nurtgage to the Farmers’ Loan & Trust Co. and owned hy Junes G Beemer. See “ Pennsylvania Plate Glass Co.” — V. 72, p. 583. People’s Gas Light & Coke Co of Chicago.— Ordinance.— The Chicago City Council on Jan. 7 voted to repeal the charter of the Ogden G is Co. because of alleged violations of the provision forbidding consolidations —V. 73, p. 1114, P illsb u rj-W a sh b u rn F lour M ills Co. —Report. — h e re T port for the year endi g August 31, 1901, shows net profit of £93,609 (contrasting with £133 934 in 1899 00); to this was added £1,162 from the year before and £4,149 from reserve, making a total of £ LO S,920. which was applied as follows: Ioterest on debentures, £19 920; 8 per cent on preference shares, £40,000; interest and sinking fund on preference in come certificates, £14,000, balancing the account. Chairman Richard H Colyn at the recent meeting of shareholders in London said in substance: T h e p r o p s in t h e N o r t h w e s t e r n S ta t e s , f r o m w h ic h th e o o t n p a n v ’ s m ills d r a w t h e ir s u p p lie s o f w h e a t , w e r e n o t o n ly d e & o ie n t in q u a n t i t y b u t p o o r In q u a l i t y , w h i l e in o t h e r S t a t e s t h e o r o p s w e r e l a r g e a n d o f e x o r lle n t q u a lity . T ills e x c e p t io n a l s t a t e o f t h in g s le d to a h ig h e r r a n g e o f v a lu e s to r w h e u t in t h e N o r t h w e s t a n d m o d e r a t e v a lu e s e ls e w h e r e , a n d c r e a t e d a k e e n e r c o m p e t i t i o n in f l o u r t h a n in a n y p r e v i o u s y e a r in t h e h i s t o r y o f t h e c o m p a n y . T h e p ro p erty has been k ept up t o t h e h ig h e s t s t a t e o f e tflo le n e y a t t b e o o s t o f r e v e n u e . — V . 7 1 , p . 1 1 2 3 Pittsburg Coal Co.— Lease.—The shareholders on Jan. 7 approved a proposition to lease for forty years all the properties and interests of the Sbaw Coal Co., a coucern with $2,000,000 capital stock in which H C. Frick owned a control ling interest. The lease, it is said, includes 4,200 acres of fine Pittsburg seam coal (located about 20 miles west of Pittsburg), five shafts with a capacity of 1,000 000 tons a year, and the Midway & Oakdale RR., a short line connect ing the mine with the Pittsburg Cincinnati Chicago & St. Louis Ry. The acquisition of the Sbaw properties is spoken of quite definitely as a purchase as w-It as a lease, and it may therefore include the purchase of all or a majority o f the capi'al stock. Options on Ohio coal properties are also re ported. The “ Pittsburg Gazette ” says : T h u p u r c h a s e o f t h is p r o p e r t y Is th e m o s t im p o r t a n t d e a l c lo s e d b y t h e P i t t s b u r g C o a l C o m p a n y s i n c e ice f o r m a t ! >n. t t s u p p l e m e n t s , In la r g e m e a s u r e , tn e r e c e n t p u r c h a s e o f e x t e n s iv e d o c k fa c ilit ie s a lo n g l a k e s M i c h i g a n a n d S u p e r i o r in W i s c o n s i n , I n w h i c h a b o u t ,4 L , 0 0 0 ,0 0 0 > w a s In v o lv e d . Bee V . 73, p. 1364. 5H E 100 CHRONICLE [Vol. LXXIV, F, L, Bobbins, Chairman of the board of directors and ofassets $1,562,844. Net earnings available for dividends even the executive committee, was also made President, and John during administration of assignee were at the rate of $190,D. Nicholson, Vice-President, was also elected Treasurer, 686 yearly. Henry (J, Frick was elected director to fill a vacancy ; J, B. Status, —President C. Minot W eld reports in part: L. Homberger was eleoted Auditor and F. J, L e Moyne was D u r in g th e a d m in is tra tio n o f the a ssig n ee an d since th e n e w c om p a n y kaa b ad p ossession, Ik e a ctu al e a rn in g s a v a ila b le fo r d iv P elected Secretary, The directors now are : B r a n d s L . B ob bin s, P . M. O sborn e, J oh n D » N ich olso n , H e n r y O. P rick , Q ti. T a y lo r , J oh n X. B e ll, J oh n I. B ish op , i). ft, H a n n a , vV. P . £ M u r r a y , P i l , H itc h co c k , H e n r y W, O liv e r , A , W. M e llo n , G r a n t B. S ch ley and A. M, N e e p e r .—V . 73, p. 1364. Poutiac (M ich .) L igh t Co,— Oversubscribed,—The “ Chi cage Tribune ” says; (len d s h a v e b een a t th e r a te o f $190,685 p er y e a r. T h is re s u lt has b een secu red w ith a k ill a v e r a g in g less th a n 11,000 h ogs p e r w e e k . 1 f th e k ill had been 18 ,0 0 0 hogs p e r w eek , w h ic h th e c a p a o ity o f the p la n t w a rra n ts, th e p ro fits w o u ld h a v e b een a t th e r a te o f $400,000 p er y e a r. T h e business has been lim ite d b y th e m o n e y a v a ila b le fr o m d a y to d ay fo r b u y in g hogs. The packing house property is at East Cambridge, Mass., and with its branches is estimated to be worth $2,000,000. Final Report. —Charles 8. Tuckerman and associates, trus tees in charge of the reorganization, recently made a final re port confirming the preliminary report, which was cited in Pullm an Co.—Merger Legal—Injunction Denied.—Judge V. 72, p, 779 (see also organization of new company in V. 72, i’uley, in the Circuit Court at Chicago on Jan. 6 denied the p. 395),— V. 72, p. 779. application of Trmnan A . Taylor for an injunction to re Standard M illin g Co.—See United States Flour Milling strain the company from paying dividends on the 20,000 shares of stock issued for the purchase of the property of the Co. below. —V. 73, p. 794. Wagner Palace Car Co. This suit was brought in December, Standard Pneumatic T ool Co.— Proposed Consolidation.— 1899.—V. 73, p. 898, It was originally proposed to unite all the pneumatic tool in Scullen-Callflgher Iron & Steel Co., St. Louis .—Increase terests of the country in a single corporation, but obstacles o f Stock.—This company, incorporated in Missouri in July, to that plan having arisen, the Chicago Pneumatic Tool Co, 1899, has increased its capital stock to $750,000, See “ New (see above) is carrying out one consolidation, and another entirely distinct is contemplated under the title of the Stand Companies,” Y , 69, p. 230. ard Pneumatic Tool Co., to include the following : Sharon Steel Co.—Status.—This company, which was in S ta d ard P e u tic o o Co. o C a g w h $2,500,000 c l corporated about two years ago (October, 1899), has proceeded s to cknan d p la n ts mtaA u r T r a ,l 111.; Inf te rh io t ioo a l itP n e u m a tic T o o l a p ita f n a o na n Go. o so quietly with its plans that comparatively few persons ap L o n d o n , w it h p la n t a t C h ip p en h a m , W ilts h ire , E n g la n d ; P h ila d e lp h ia preciate how extensive are the plants which have been and P n e u m a tio T o o l Co.; S ta n d a rd B a il w a y E q u ip m e n t Co. o f St. L o u is ; are being established by it at Sharon, Pa., or how thor C le ve la n d P n e u m a tio T o o l Co. Charles R. Flint of this city is in charge of this latter con oughly the company has entrenched itself by the acqui sition of ore bands on the Mesaba Range, and of coal, coke solidation. and limestone properties in Pennsylvania. It w ill presently Standard Steel Car Co. (P itts b u rg ).— Incorporated,—This have an output of 1,000 tons daily, the product including, company, as expected, was incorporated in Pennsylvania on besides billets, etc,, wire and rods, steel pipe, tin plate and Jan. 2. Authorized capital stock, $3,060,000. Incorporators: sheet steel, viz.: J. M. Hansen, H. J. Gearhart and Peter F. McCool, recently No. o f ------ Daily Capacity (Ions).------ , Chief Engineer, Manager and Superintendent, respectively, Plants— Mills. In operation. U nder contract. for the Pressed Steel Car Co.— V. 73, p. 1318. 600 B la s t f u r n a c e . . . . . ..................... 1 O p en -h ea rth f u r n a c e s . ., ......... 12 (8 ) 800 (4) 400 Stock C ollateral Subject to War Tax.—Decision.—See B lo o m in g m i l l ....................... 1 1,000 Pennsylvania Company under “ Railroads.” 700 B ille t m ill.................................... 1 1 W ir e m i l l ..................... 400 Sw ift & Co.— Increase o f Stock.—-The shareholders on Jan. P ip e m i l l . ................................. , 1 300 2 ratified the proposition to increase the capital stock from T in m ills ............ ............... 20 200 $20,000,000 to $25,000,000, as stated in V. 73, p. 1212, 1268. S h eet m ills .................... 10 (1 0) 100 Through the Sharon Ore Co. control has been acquired of See report on p. 92.—V. 73, p. 1268. iron deposits on the Mesaba Range which are estimated to Tennessee Coal, Iro n & R E . Co.—Maturing Bonds.— T he contain about 20,000,000 tons of ore; through the Sharon $120,000 South Pittsburg purchase bonds due Feb. 1, 1902, Coke Co. the ownership has been obtained of 1,3U0 acres of with coupon due same date, w ill be paid at maturity at the coal and 200 acres of surface land in Fayette County, Pa., Central Trust Co. of N ew York.—V, 73, p. 1117, and through the Sharon Coal & Limestone Co. large tracts Tennessee Manufacturing Co.—Deposits.—More than nineof coal and limestone property have been purchased in M er tenths of the capital stock and about four-fifths of the bonds cer, Butler and Lawrence counties, Pa. The Sharon Steel Co. recently issued $500,000 additional having signified approval of the plan of reorganization, and stock, making $4,500,000 outstanding, in $100 shares, all of it being desired if possible to avoid foreclosure, the time for one class. The total authorized stock is $5,000,000. In addi deposit of the remaining securities has been extended until Feb. 1,1902.—See Y . 73, p. 1212. tion bonds have been created as follows: T h e $ 150,000 g o ld bonds ottered b y K in g , H o d e n p y l & Go., w e r e > o v e r su b scrib ed s e v e r a l tim es. T h e u n d e r w r itin g p r iv ile g e s o ld y e s te rd a y a t 14 p e r c en t p rem iu m . T h e bonds w e r e o ffered a t p a r, and each $ 1,00 0 c a rrie d w ith it s e v e n shares o l sto ck , p a r v a lu e $ 50 each. Dale. Interest. Outstand’g. Maturity. 1st mort., gold, sink ? 1900 5 g. A O $1,000,000 Oct. 1, 1940 lu g fu n d ........... ........ 5 Subject to call a t par a fte r Cot. 1,1910. 1st m ortgage on T u b e ) 1901 5 g. J& D $1,000,000 (1) m ill, 2d m o rtgage on y Subject to ca ll at 105 p rior to June l , 1911, other p roperty...........) and at par a fte r June 1,1911. Sharon Coke Co. 1st M. > 1901 5 g. J&D None. (?) $1,250,000 g o ld ........ 5 Subject to call a t p ar a fte r Deo. 1,1906. Toward the ultimate redemption of bonds of 1900, $250,000 has been deposited with the Union Trust Co. of Pittsburg, trustee. The capital stock of the subsidiary companies is as follows: Date o f ' / —------------Capital Stock.---------------. In co rp ’n. A uthor’d. Issued. Steel Co, Owns. Sharon Coal & L im e stone Co........... .....D e c ., 1900 $200,000 $200,000 6623 p er cent.. Sharon Coke C o ...___A p r., 1901 2,500,000 (?) A ll. Sharon O re C o...................... 1900 200,000 200,000 A ll. Sharon Sheet SteelCo.Bept., 1901 500,000 500,000 A ll. Sharon T in P la te C o... ...1 9 0 0 800,000 800,000 60 p er cent. Sharon Steal Tube O o..........1900 2,000,000 1,000,000 A ll. In April last George W. Darr (office, 25 Broad St., this city) succeeded Frank H. Buhl as President of the Sharon Steel Co. The company, we are assured, is not dominated by the United States Steel Corporation. Contract fo r Ore—Extensions—President Geo. W . Darr has confirmed for us the following: A contract has been made w ith the Consolidated Lak e Superior Co. callin g fo r the d elivery to the Sharon Steel Oo o f 250,000 tons o f H elen iro n ore, at th e rate o f 50,000 tons p er annum. The directors have authorized the im m ediate erection o f tw o blast furnaces, w ith an aggegate capacity o f 700 tons a day, raisin g the com pany’ s to ta l p ig iron capaoity to about 1,200 tons daily. The work on th e plan t o f the Sharon Tube Co., a subsidiary concern, is b ein g ra pid ly pushed. It. is expected to be in operation by June 1. The 12m ill sheet p lan t o f the Sharon Sheet Steel Co. is progressing, and w ill probably be w orkin g on M ay 1. I t has also been determ ined to add fou r additional open-hearth furnaces to the present equipm ent o f e igh t furnaces.—V . 73, p. 725. Sbickle-Harrison-Howard Iron Co., St. Louis, Mo.— Stock Increased.—This company, which in May, 1900, in creased its authorized capital stock from $550,000 to $1,000,000. has now increased it to $2,250,000. (John P .) Squire & Company (Packing).—Stock Offered —The company is offering for subscription at par its entire issue of $1,51 0,000 six per cent cumulative preferred stock, The proceeds will be used in part to liquidate certain loans and the balance will go into the treasury, making the quick Timber Certificates.—Offering.—Brown Bros. & Co. are offering at 100 and interest $6,000,000 of gold 6 per cent Tim ber Certificates of Beneficial Interest in Kirby Lumber Con tract issued by the Maryland Trust Co., Baltimore, trustee. The security for these certificates is described as follows: (1) 6,426,000,000 fe e t o f s ta n d in g y e llo w p in e tim b e r t w e lv e in ch e s and u p w a rd in d ia m e te r n e a r B ea u m o n t. T e x .; (2 ) $ i0 ,3 8 0 ,000 c o n tr a c t o f th e K i r b y L u m b e r Co. (V. 73, p. 141,) a ssign ed t o th e tr u s te e (3) g u a ra n ty o f p a y m e n ts u n der th is c o n tr a c t b y th e H o u s to n O il Co. o f T e x a s (V . 73, p. 2 8 9 ,1 4 1 ,) secu red b y a m o r t g a g e on a ll its p r o p e r ty , w h ic h in clu d es a m o n g o th e r assets 883,810 a cres o f la n d c a r r y in g th e a b o v e tim b e r an d 200,000 a c re s a d d itio n a l o f o il lea ses, eto. The certificates are issued in series lettered from A to Q, inclusive, series “ A ” ($100,000) maturing on Aug. 1, 1908; series “ B” ($140,000) on Aug. 1, 1904, and the remainder semi-annually thereafter in amounts rising from $160,000 to $520,000, the last instalment (series Q $370,000) being due Feb. 1,1912, The interest is payable Feb. 1 and Aug. 1 at the Maryland Trust Co. or Brown Bros. & Co. The issue is limited to $11,000,000, but the remaining $5,000,000 can be disposed of only for additional property. The circular of the bankers gives many additional particulars. Union Lead & Oil Co.—In Operation Jan. 15,—The com pany announces that it will begin to fill orders for white lead products from its Brooklyn plant on Jan. 15, This plant has a capacity of about 12,000 tons a year, and by a new process can, it is claimed, corrode the pig lead into a superior grade of white lead in about three days in place of taking several months. The company also has in contemplation the erection of plants at Chicago, St. Louis and on the Pacific coast. Gay G. Major, who has temporarily occupied the position of General Manager of the American Linseed Co. during the illness of L. M, Bowers, and who was formerly President of that company, is now associated with Homer Wise in the management of the Union Lead & Oil Co,—Y . 73, p. 1067. Union Lumber Co.—Called Bonds,—A ll the collateral trust bonds of 1899 have been called and will be paid at t he Title Guarantee & Trust Co.. Atlanta, Ga., or at the atfioe of Old Colony Trust Co., Boston, Mass. Interest ceased Jan. 1. Universal Tobacco Co.— O fficers . — The directors are; W illia m H . B u tle r (P re s id e n t), F r a n k T U O m l (V ic e •PrestAentb o f P a r k & T ilfo r d ; E A . M o A lp in , o f D . H . M c A lp tn & Co.: J 1, Ulotv ards, o f th e H a r r y W e ls s in g e r T o b a c c o Co, , o f L o u is v ille , K y .; G e o r g e J anu a r y 11, 1902.] THE CHRONICLE R . S h e ld o n , B a n k e r, 2 W a ll S tr e e t; H e n r y R . W ils o n , o f W ils o n A S te p h e n s , 41 W a ll S tr e e t, a n d W . D. J u d k in s , o f D a n v ille , V a ; H a r r y W e ls s ln g e r , L o u is v ille , K y . — V. 7 3, p . 9 15 . United States Flour Milling Co.—Sale Feb. 1U —The fore < closure sale is set for Feb. 14 at Jersey City. The Standard Milling Co. has already been organized to succeed to the property. See page 160 of I nvestors’ Supplement.— V, 78, p. 915. United States Gypsum Co,— Consolidation.—This com pany was incorporated at Trenton, N. J., December 27th fast, with $7,500,000 capital stock, as follows,viz,: 7 per cent cumulative preferred, $4,500,000; common stock, $3,000,000. This paid -up capital will, we are informed, be increased to $10,000,000 before the new company begins business (Jan uary 10th to 20th). There will be no bond issue. The company is a consolidation of some 25 of the principal gypsum-produoing companies in the United States, among which are the following: (1 ) A la b a s t e r C o., A la b a s t e r . M lo h .; ( 2 ) 0 . B. E n g lis h P la s t e r C o.; (8 ) E n g lis h P la s t e r W o r k s ; (4 ) G e n e s e e S tu c c o W o r k s , a ll o f O ak n e ld , N . Y . ; (5 ) D a r r P la s t e r C o .. G r a n v ille , M lo h .; (6 ) M id la n d P la s t e r & C e m e n t C o ., G r a n d R a p id s . M loh .; (7 ) B lu e V a l l e y P la s t e r C o ,, a n d (8 ) B lu e R a p id s P la s t e r C o. o f B lu e R a p id s , K a n .; (9 ) K a n s a s C e m e n t P l a s t e r C o.. H o p e , K a n .; (1 0 ) R o m a n C e m e n t P la s t e r C o., S p r ln g v a le , K a n ; (1 1 ) O k la h o m a C e m e n t P la s t e r C o ., O k a r c h e , O . T .; (1 2 ) C a rb o n P la s t e r C o ., a n d (1 3 ) F o r t D o d g e P la s t e r C o., F o r t D o d g e , I o w a ; (1 3 ) B ig F o u r P la s t e r C o., O a k fle ld , N . Y . ; ( 1 4 , 1 5 , 1 6 a n d 1 7 ) A d a m a n t M a n u fa c tu r in g C o ., M in n e a p o lis , M in n ., M ilw a u k e e a n d S u p e r io r , W is ., a n d G r a n v ille , M ic h .; (1 8 ) R o o k P la s t e r C o., C h ic a g o , 111.. (1 9 ) W y m o r e P la s t e r C o., W y m o r e , N e b .; (3 0 ) L ie n s W a l l F in is h C o., C h ic a g o , 101 fr a n c h is e s , d o e s a ll th e e le o t r lo lig h t in g f o r th e c i t y o f U t ic a a n d v i c i n i t y a n d fu r n is h e s g e n e r a l e le o t r lo p o w e r to a la r g e n u m h e r o f lo c a l m a n u fa c t u r in g e n t e r p r is e s a n d a ll th e p o w e r f o r t h e o p e r a t io n o f th e U t lo a & M o h a w k V a l l e y S t r e e t R a ilw a y G o ., a c o r p o r a t io n w h loh w i l l e v e n t u a lly o p e r a t e a b o u t 100 m ile s o f tr a c k . (S e e V . 7 3 , p. 1 2 6 5 .) N. W . Harris & Co. of this city are offering $200,000 of the first mortgage 5 per cent sinking fund gold bonds, dated Jan. 1, 1900, and due Jan. 1, 1950, without option of prior payment; price 108 and interest, netting 4-6 ner cent. Trust Company of America, mortgage trustee.—V. 72, p. 884. Virginia-Carolina Chemical Co. - A n t i- Trust S uit.—A t torney General Bellinger of South Carolina has brought suit against this company and six of its controlled companies for violation of the State’s “ anti trust” A ct.—V. 73, p. 1365. Warner-tjuinlan Asphalt Co. of Syracuse.—Competition. —Hugo Reid, the Company’s New York Manager, who was for a long time with the Barber Asphalt Co., is quoted as follows with reference to the contest with the National Asphalt Co. (which see above): O u r c o m p a n y h a s s e c u re d c o n t r a c t s f o r m o r e th a n 1 ,0 0 0 .0 0 0 s q u a r e y a r d s o f a s p h a lt d u r in g th e y e a r (1 9 0 1 ), a n d c o m p e t it io n h as c u t d e e p ly in t o th e p r o fit s o f t h e tr u s t. T h e u t t e r f u t i l i t y o f t h e a t t e m p t t o m o n o p o liz e t h e p r o d u c t Is s e e n In th e g o o d fo r t u n e w e h a d In T r in id a d . O u r c o m p a n y w a s f o r m e d a f t e r th e t r u s t w a s o r g a n iz e d . W e fo u n d a p it o h la k e In T r in id a d t h a t n o o n e had b e fo r e c o n s id e r e d v e r y v a lu a b le . W e p u r c h a s e d i t f r o m a R o m a n O a th o llo o r d e r in T r in id a d . W e t o o k 1 0 ,0 0 0 to n s o u t o f th is la k e in th e s p r in g , a n d w it h in a f e w w e e k s t h e la k e w a s f u l l o f p itc h a g a in . T h is w a s u n u su a l, a n d m a d e i t p o s s ib le t o s u p p ly a s p h a lt a t a g r e a t ly r e d u c e d fig u r e . T h e t r u s t h a s in c e r t a in p la c e s a t t e m p t e d t o e t iile o u r c o m p e t it io n b y m a k in g b id s a t r u in o u s ly l o w p r ic e s . I n o n e o a s e th e t r u s t b id a b o u t $1 75 w h e n b y n o p o s s ib ilit y c o u ld th e w o r k h a v e b e e n d o n e p r o fit a b ly f o r le s s th a n $ 2 5 0 p e r s q u a r e y a r d . The full amount of capital stock has been underwritten by the contracting parties, and the officers and directors will be The Warmer-Qainlan Co., it is understood, is not incorpo composed of practical men selected according to fitness from the officials of the constituent companies. Among the par rated. Compare item V 71, p. 1272. ties most prominent in this organization are: Wells, Fargo (Express) Co.—Oncers.—General Manager G e o r g e D . E m e r y o f B o s to n , W . A . A v e r y o f D e t r o it , E m il D u r r of Dudley Evans has been made Acting President to succeed the M ilw a u k e e , S. T . M e s e r v e y , P r e s id e n t o f th e F i r s t N a t io n a l B a n k of late J. J. Valentine, and E. H. Harriman has been elected a F o r t D o d g e , I o w a , a n d H e w i t t B o y c e o f K in g s t o n , N . Y . The chief promoter of the company is Percival S. Jones of N ew York City. The main office w ill be 184 La Salle Street, Chicago, with branch offices in Buffalo, Omaha and St. Louis, United States Rubber Co.— Competitors.— The failure of George Watkinson & Co. was noted last week. The Byfield Rubber Co. also, we are informed, has gone ont of business, while the Monarch Co. has shut down its plant, but may resume when times are more propitious. The policy, there fore, of extremely low prices which was adopted by the United States Rubber Co. early last year seems, as pointed out by the “ Boston News Bureau,” to have succeeded in eliminating some portion of the recent competition. (See list of competitors, with output, in Y . 71, p. 37.) An in crease in prices was noted last week.— Y . 74, p. 52. United States Steel Corporation.—New Treasurer.—Sec* retary Richard Trimble has been elected Treasurer to suc ceed Arthur Luke, who resigned to become a member of the banking house of Darr, Luke & Moore of this city and Pittsburg. Mr. Darr is President of the Sharon Steel Co. Coal Lands — See Pocahontas Coal & Coke Co., V. 74, p. 52. Earnings.—The report of earnings for the first nine months of the company’s existence was issued on Tuesday. It is signed “ E. Shearson, Comptroller,” and aays with reference to the decreased December earnings that “ during the close of lake navigation, from December to April, inclusive, the earnings of mining and transportation companies are, of course, diminished.” The statement, which shows the actual earnings of all the companies con trolled by the United States Steel corporation, follows: E AR N ING S FOR N IN E MONTHS E N D E D DEC. 3 1, 190 1 (D E C . ESTIMATED). A p r i l .......... M a y ............ J u n e ........... J u l y ........... A u g u s t ___ S e p te m b e r $ 7 ,3 5 6 ,7 4 4 9 ,6 1 2 ,3 4 9 9 ,3 9 4 ,7 4 7 9 ,5 8 0 ,1 5 1 9 ,8 1 0 ,8 8 0 9 ,2 7 2 ,8 1 2 O c t o b e r .......................... $ 12 ,2 0 5 ,7 7 4 N o v e m b e r ...................... 9 ,7 9 5 ,8 4 1 D e c e m b e r (e s t im a t e d ). 7 ,7 5 0 ,0 0 0 T o t a l e a r n in g s ___ $ 84 ,7 7 9 ,2 9 8 Deduct— S in k in g fu n d s on U n it e d S ta te s SSteel C o r p o r a t io n b o n d s a n d b on d s o f s u b s id ia r y c o m p a n ie s ........................................ D e p r e c ia tio n , r e s e r v e a n d c o n t in g e n t fu n d s a n d i m p r o v e m e n t s ........................................................... N in e m o n th s’ In te r e s t on b o n d s ................................................... N in e m o n th s ’ d iv id e n d s o n s to c k s , v iz .: U n it e d S ta te s S te e l C o r p o r a t io n : P r e fe r r e d , 5qo/0 a % a n n u a lly ).............................................. C o m m o n , 3% (4 % a n n u a lly )................................................... O u ts ta n d in g s to c k s o f s u b s id ia r y c o m p a n ie s ....................... $ 2 ,2 6 3 ,2 9 2 9 ,6 9 5 ,7 0 2 1 1 ,4 0 0 ,0 0 0 2 6 ,7 5 2 ,8 9 4 1 5 ,2 2 7 ,8 1 2 2 5,10 1 T o t a l d e d u c tio n s ................................................... , ................... $ 8 5 ,3 6 4 ,8 0 1 B a la n c e a p p lic a b le to s u rp lu s o r n e w c o n s t r u c t io n .............$ 1 9 ,4 1 4 ,4 9 7 — V . 73, p . 1167. United Telephone & Telegraph Co.—Proposed Purchases. —The shareholders w ill vote at the office No. 112 North Broad St., Philadelphia, on Feb. 25, on propositions to pur chase the property and franchises of the Ambler Telephone Go. of Ambler, Pa., and the North & West Branch Telephone Co. of Williamsport, Pa. Lease.— Cumberland Telephone Co. aboye.—See V. 73, p. 448. Utica (N. Y.) Electric Light & Power Co.—Earnings— Bonds Offered.—This company reports for the year ended Dec. 31, 1901, gross receipts of $177,185; operating expenses, $08,685; net earnings. $1.08,450, an amount sufficient to pay the interest on the entire authorized issue ($1,000,000) of first mortgage 5s and over 5 per cent on the $1,000,000 capital stock. An advertisement says : T h e n e t e a r n in g s f o r th e la s t si* m o n th s h a v e b e e n a t th e r a t e o f a b o u t $ 1 5 0 ,0 0 0 p e r an n u m . T h e c o m p a n y , o p e r a t in g u n d er p e r p e tu a l director.—Y . 73, p. 1318. Westinghouse Electric & Manufacturing Co.—Rumors.— A sharp advance last week in the price of the company’s stock gave renewed currency to the old report of impending closer relations with the General Electric Co. In spite of numerous denials, the rumors seemed to take rather more definite shape than has usually been the case; one paper for instance on Jan. 3 saying: P r e s id e n t C o ffin , o f th e G e n e r a l E l e o t r l o C o ., a a b o r t t im e a g o b o u g h t a b lo c k o f W e s tin g h o u s e E l e c t r i c s to c k a n d c e r t a in N e w Y o r k i n t e r e s ts h a v e b o u g h t s o m e o f th e s h a re s, b u t t h e s to c k Is o w n e d p r in c ip a l l y in P it t s b u r g a n d c o n t r o l w i l l r e m a in in th o s e h a n d s in w h ic h i t n o w r e s ts . Humphries Miller, of Pittsburg, however, in his weekly circular, issued Jan. 4, said: T h e W e s tin g h o u s e E le o t r lo s to c k s h a v e b e e n v e r y s tr o n g , a n d b o t h th e fir s t a n d s e c o n d p r e f e r r e d r e a c h e d h i g h e r p r ic e s th a n e v e r b e fo r e . W e d o n o t s h a re th e o p in io n t h a t th e m o v e m e n t is b a s e d u p o n a n y d e a l w h ic h m a y I n v o l v e o lo s e r r e la t io n s b e t w e e n th e W e s tin g h o u s e a n d G e n e r a l E l e c t r i c c o m p a n ie s . W e h a v e a n id e a t h a t t h e b u y in g f r o m 75 t o 85, w h ic h b e g a n in N e w Y o r k , w a s b a s e d u p o n s e m i- o ffic ia l in t im a t io n s a s t o w h a t th e c o m p a n y is d o in g a n d a s t o w h a t th e m a n a g e m e n t p r o p o s e s t o d o in th e m a t t e r o f e it h e r in c r e a s in g th e c a s h d i v id e n d o r d e c la r in g a s to c k d iv id e n d , a n d t h a t th e s u b s e q u e n t r i s e o f $5 a s h a re w a s l a r g e l y s p e c u la t iv e .— V . 7 3, p . 1 3 1 8 . Westinghouse Machine Co.—New Stock.—The sharehold ers on Jan. 7 approved the proposition to increase the capital stock from $3,1)00,000 to $5,000,000. A part of the stock has heretofore been preferred, but the preference rights, it is now announced, are to be relinquished, placing all the stock on the same basis.—V. 73, p. 1014. Youngstown (0 .) Iron, Sheet & Tube Co.—Increase o f Stock.—The directors have decided to increase the capital stock from $2,000,000 to $4,000,000 without a bond issue.—See V. 73, p. 1365. —The forty-second annual statement of the Home Life Insurance Company shows that it nas progressed during the year along remarkably successful and conservative lines. It has increased its outstanding insurance by nearly six m il lions; its assets a million; its payment to policy-holders nearly 30 per cent; its contingent liability fund, an amount volun tarily set aside to meet possible fluctuations in price of securities, to $100,000, and now has a net surplus of $1,310,131. It treats, as it always has, its deferred dividends as a liability, which fund has increased from $736,337 to $856,819. Many companies use this item to swell their surplus, and had the Home so treated it its surplus would have been increased to $2,166,950. Progressiveness and growth are notable feat ures in this statement. —The Hand-Book of Railroad Securities, compiled by the publishers of the Financial Chronicle , w ill be issued next week. The book contains in small compass a vast amount of information concerning the various railroads and a number of the industrials whose securities are dealt in on the leading Stock Exchanges. It shows their earnings, dividends, etc., for a series of years, their present fixed charges, and also the amounts of the different issues of bonds outstanding, their rates of interest, etc. There is also given the monthly range of stocks and bonds for 1900 and 1901 and a yearly range for the past four years. Price one dollar, or to Chronicle sub scribers, seventy-five cents. —Attention is called to a list of bond offerings advertised in another column by Messrs. Lawrence Barnum & Co. The firm have issued a circular giving particulars of several bond issues, which may be had on application. THE CHRONICLE. 102 [Vol. LXX1V. COTTON, (&omnuxtml F r i d a y N i g h t , January 10, 1902. T he M o v e m e n t o f f t h e C r o p , a s indicated by our telegrams from the South to-night, is given below. For the week ending C O M M E R C IA L EPITO ME. this evening the total receipts have reached 278,868 bales, F r i d a y N i g h t . Jan. 10, 19(2 against 291,314 bales last weekr and 299,256 bales the previous Generally reports indicate satisfactory progress in business week, making the total receipts since the 1st of Sept., 1901, since the tarn of the year. Travelers in many lines of trade 5,170,361 bales, against 4,883,618 bales for the same period of have started on their routes and during the past week have 1900-1, showing an increase since Sep. 1,1901, of 336,743 bales* Receipt* at— # r*. ToJtlf. been t ending in a fair number of orders. Dealers and jobbers, Tue*. Wed. Thurs. Mat. Mon. m a rule, are umb rstoud to be looking forward to an active G a lv e s t o n ...... 12,564 12,012 17,204 8,681 11,307 11,006 72,774 spring trade, and have been placing orders in anticipation of 542 Sab. P a ss, &c. 542 their coming wants. Prices generally have been well main N e w O r le a n s .. 19,070 15,801 20,771 21,606 10,510 16,968 104,735 170 3,801 372 462 1,417 23 1,517 tained. Advices from Washington report the outlook good M o b ile ............. 10,812 10,812 im m r «»•»«.«• HHaiiaa mm P e n s a c o la , A c . • mm. mm m for Congressional legislation in favor of a reciprocity treaty S a v a n n a h ..... 4,783 6,854 7,620 2,616 4,422 6,103 32,428 with Cuba, ! ....... ......... 3,986 3,986 B n an sw ’ k.& o 482 2,848 8,634 1,506 993 1,768 1,037 Lard on the spot has had only a very moderate sale on the C h a rles to n ..... 30 36 ««««* » mmrn mm w P t . R o y a l, A c **#««» local market, and reflecting weaker advices from the West 8,257 424 532 5,589 274 781 657 there has been a gradual sagging of prices. The close was W ilm in g to n ... 5 ...... a ..... ...... 5 W a s h ’ to n .& o ' ......... easier, with prime Western quoted at 9 9?%c. and prime City N o r f o l k . . . . . . . 1,654 10.010 4,351 2,496 2,831 1,359 3,028 at 9,25@9‘60c. The demand for refined lard has shown no N ’ p 't N e w s , A o. 1,341 1,841 5,531 915 443 316 198 2,655 improvement, exporters still holding off; prices have been N e w Y o r k . . . . . 1,004 0,260 473 1,434 877 1,669 981 882 easier, closing at 10*15c. for refined for the Continent. Specu B o s t o n . . . . . . . . . ......... ......... . . . . . . 2,328 2,328 lation in lard for future delivery has been quiet, with only a B a lt im o r e . . . . . 1,213 775 199 49 48 142 F h lla d e l'a , & o.. slight change in prices. The close was quiet and easier. T o t . th is w e e k 43,594 43,497 50,336 44,658 31,232 65,551 278,868 d a i l t c l o s in g f r ig e s o f l a r d f u t u r e s . Sat. J a n u a r y ,.......... ................. . 10-20 Mon. 10-20 Tue*. Wed. T k u rt. S ri, 1010 10-10 1010 9-05 Pork has had a moderate jobbing sale and prices have been w ell maintained, closing at $16 75@17 75 for mess, $17 50@ 18 for family and $18 50@2Q 50 for short dear. Cut meats have been in moderate demand and steady at 7c. for pickled f or pickled hams and 8%@9!^c. for shoulders, 9 pickled bellies, 14@10 lbs. average. The demand for beef has been limited but prices have not charged from $8 50@9 for mess, $10 50@11 50 for packet, $12@13 for fam ily and $18 50@19 00 for extra India mess in tcs. Tallow has ad vanced slightly, closing firm at 63^@63>^c. Stearines have been in fairly active demand, closing steady at l l @ 113^c. for lard stearine and 113 ^c. for oleo’ stearine. Cotton-seed oil has been in fair demand and prices have advanced, closing at 433^@44c. for prime yellow. Butter has been quiet and the close was easier at 15@24c. for creamery. Cheese has been in fair demand and firm at 7@UJ^c. for State factory, fu ll cream. Fresh eggs have held steady, with choice West ern at 35c. Brazil grades of coffee have been dull and there has been a gradual sagging of prices, the weakness of the statisti cal position and a growing tendency to increase estimates of the yield of the next Brazil crop being the principal de pressing factors. The close was steady, with Rio No, 7 quoted at &%e. W est India growths have been practically neglected and prices have been nominal, with good Cucuta at 9c. East India growths have been quiet. Speculation in the market for contracts has been fairly active. There has been steady selling by tired speculative holders to liquidate their accounts, and in the absence of support to the market prices have declined. The close was steadier. Following are the closing asked prices : The follow ing shows the week's total receipts,the totalsince Sept.1,1901, and the stock to-night, compared w ith lasfcyear. 1901-02. Receipt* to Jan, 10. Thit week. Stock. 1900-01. Since Sep. 1 ,1 9 0 1 . TM» week. Since Sep. 1, 1900. 1902. 1 90 1. 2 56,026 180,060 354,371 38,647 360,443 34,833 137,433 7,987 23,881 116,085 6,751 16,535 25,153 8,9 70 49,199 1,178 122,093 49,000 17,581 4,562 30,156 3,881 94,459 09,000 9,023 4,900 T o t a l s . . . . . 278,868 5,170,361 174,910 4,833,618 1,087,111 934,602 Galveston... Sab. P., Ac. New Orleans M o b ile ...... P’saoola.&c. Savannah... B r’wiek.&e Charleston.. P.Royal.&o Wilmington Wash’n, &c. N o rfo lk ...... N’port N .,& e N e w York.. B oston ...... Baltim ore.. 72,774 1,476,326 542 42,731 104,735 1,456,416 125,372 3,961 10,812 129,816 864,325 32,428 3,986 107,328 8,634 211,533 36 1,353 8,257 224,371 350 5 317,043 18,019 1,341 12,776 75,944 5,531 58,202 6,266 48,953 2,328 17,522 1,218 P h ila d e l.& o 58,412 1,318,753 23,789 2,170 55,019 1,593,056 2,220 95,266 6,339 90,976 715,827 14,459 5,897 68,517 1 87,450 3,793 584 15 209,151 2,109 494 17 4,614 270,992 29,182 587 58,351 6,799 128,784 7,050 35,334 4,987 12,312 417 order that comparison may be made with other years, we give below the totals at leading ports fo r six seasons. In Receipts at— G a lv e s 'n .& e . N e w O rlea n s M o b i l e .. . . . . S a v a n n a h . .. Ohas’ to n , * e W llm 'to n , N o r fo lk . . . . . N , N e w s , Ac. J a n .. . . . . . . . . . . . 8 '35e. ; J u n e . . . . . . . . . . . . 6 7 5 o . j S e p t .. . . . . . . . . . . 7 '0 0 8 .' A l l o t h e r s ... M a rc h . . ....... 6"50o. I J u l y . . . . . . . . . . . . 6-85e. O o t . . . . . . . . . . . . . 7-05e. g o t . th is wfc. M a y . . . . . . . . . . . 6-85c. i A u g . . . . . . . . . . 6 ‘90e. | B e © . . . . . . . . . . . . 7-25e. 1902. 1901. 1899. 1900. 28,814 45,135 73,316 104,735 3,961 32,428 8,670 8,262 10,019 1,341 30,136 60,588 55,019 2,226 14,459 3,808 2,126 4,614 587 31,489 22,680 3,170 5,578 7,655 1,563 22,491 55,5.01 66,087 5,107 16,675 8,321 3,310 13,303 446 38,152 278,868 174,916 145,974 206,902 8,888 1898. 1887. 57,535 124,839 12,343 24,649 9,144 3,851 12,808 394 25,909 37,613 50,232 6.775 12,547 6,713 4,155 11,028 375 22,403 271,472 151,841 Raw sugars have been dull and easier, closing at 3^c. for Sin ce S e p t. 1 5170,361 4833,618 4210,764 6292,837 6145.209 5271,631 centrifugals, 96 deg. test, and 3c. for muscovado,,89-deg. test. The exports for the week ending this evening reach a total Refined sugar has been dull and unchanged at 4*75c. for of 229,923 bales, of which 115,496 were to Great Britain, 14,340 granulated. Orher staple groceries have teen steady to firm. to France and 100,087 to the rest o f the Continent, Below Kentucky tobacco has received a moderate amount of at are the exports for the week and since 3e? t. 1. 1801 tention from exporters. Further sales have been made to f r o m S t v i 1,1901, M Jan. 10,1808 W ith , Jlndlni J a n . 10,19C2. Hayti, and European buyers have been making inquiries for £ & p o rU ;i t o tobacco for shipment to Africa. Seed leaf tobacco has been lolstl G re a t Trane* C s n U S re a t from— P ro m t to ta l. quiet but steady. The only sales of importance during the Brit’n. W e e k . B rits in . n m t. n m t* week have been 1,G0G casts 1900 crop, Pennsylvan'a setcl leaf, 31,529 Salves ton .... 29,873 63,802 593,254 218,537 816,760 1,128,601 at , and SC cases 1900 crop, Spanish Zimmers, at O 11,506 28,761 14Jy£c. Only a limited amount c f business has been transacted in the market for Straits tin, but the tone of the market has held fairly steady, closing at 22 60@23c. Ingot copper has been quiet.and unsettled. The quoted price for Lake has been 12J^c,, but there have been rumors of lower prices. Lead has been dull and unchanged at 4c. Spelter has sold slowly, closing at 4*35@4'40c. P ig iron has been in fair de mand and firm. Refined petroleum has been unchanged, closing steady at 7'2Cc. in bbls , 8 30c, in cases and 4-65c. in bulk. Naphtha has been unchanged at 9*05c. Credit balances have been un changed at $115. Spirits turpentine has been finnly held, reflecting firm Southern advioes, closing at 89^@40e. Rosins have been quiet but steady at $1 50@1 55 for common and good strained. W ool has received slightly increased atten tion from buyers. Hops have been quiet but steady. 3ah.Pa#»,&c.. ...... N®w Orleans.. 36,361 18,421 32,044 80,816 M o b lif___..... 7,118 2,676 10,124 Pensacola.... 10,293 26,480 gaTaimah...... 16,197 ...... . Brunswick... 10,050 Charleston.,, 10,050 ......, . Port R o ya l... W ilm ington.. M’-port N., Ac-Mew Y o r k .,.. 10.307 1,71* B altim ore,,.., ......... Philadelphia.. Banff ran,, Ac., . .... .. 919 9,773 80,S99 600 2,814 150 450 *98 498 14,580 11,580 511,936 177,653 89,705 65,281 7,674 174,631 81,091 51,27* 5,018 43,658 95,18? 10,996 19,373 190 730 10,985 86,0/4 28,379 450 3,916 135 17,166 350.OE9 1,048,735 15,767 35,472 51,436 114,344 842,190 547,9.21 20.18S 79,505 67,525 101,188 98.849 1,800 119.06* 2,256 19,274 3,101 79.587 193,986 12,796 19.57S 830,769 88,339 48.103 6,017 30,030 T o ta l........... 116,490 11.310 100,087 828.923 1,929.699 151,488! 1,500,05* 3,874,139 till 132 19.8I0 09.931 958.161 1,814 170*24,341 l 344,006 THE January 11, 1902.] CHRONICLE 103 F utures .—Highest, lowest and closing prices at New York. In addition to above exports, our telegrams to-night also give us the following amounts of ootton on shipboard, not oleared, at the ports named. W e add similar figures for Hew York, whioh are prepared for our speolal use by Messro. Lambert & Barrows. Proauoe Exchange Building, ON SHIPBOARD, MOT OLKA RICO FOR— Jan. 10 at— Great Britain G er Other F r 'n c e m a n y . F o r ’g n Coast wise. Total. L e a v in g stock,. 28,408 1,892 6,549 13,080 1,302 51,291 52,611 34,940 14,027 7,272 12,088 120,933 1,050 3,900 18,000 . . . . . . . . . . . . 22,950 8,100 1,000 14,387 5,287 ...... 5,6'o ‘6 15,000 10,000 . . . . . . 16,500 16,500 ___ 500 500 9,000 2,000 23,000 12,000 303,080 135,093 114,493 9,494 23,647 32,699 121,593 82,461 Total 1902.. 109,3 >6 40,732 52,576 30,952 30,945 264 561 822,550 New Orleans. Galveston. ... Savannah — CTharleeton... Mobile Norfolk........ New York — Other porta. Total 1901.. 56,897 13,051 40,209 27.108 26,244 163,569 771,033 Total 1900.. 51,687 24,256 ----92,453-— ' 19,779 188,175 806,808 Speculation in cotton for future delivery has been fairly active, but the undertone of the market has been unsettled. Information relative to the crop m ivement has been the dom inant factor. Daring the first half of the week the tendency of prices was downward. The receipts at the ports and the principal interior towns continued considerably in excess of those for the same period last year. This induced further selling on the part of tired speculative holders to liquidate their long contracts, and local bear holders also were in clined to be more aggressive. During the second half of the week, however, the market turned stronger. The leading bull interests again became aggressive buyers, based, it was understood, on information from the Southwest fereshadowing a material falling off in the crop movement in the near future. Rumors of a small crop estimate to be promulgated by a prominent house also had a strengthening influence. To-day there was a nervous and unsettled market. The movement of the crop for the week was in excess of expecta tions, causing a slight decline in prices, which, however, was partially recovered on buying by the bull interests. The close was steady, with prices unchanged to 3 points lower for the day. Cotton on the spot has been quiet at 8J^c. for mid dling uplands. The rates on and off middling, as established Nov. 20, 1901, by the Revision Committee, at whioh grades other than middling may be delivered on contract, are as follows. Fair......................... ..o. 1T4 on Good Middling Tinged_ _ Even Middling Fair............... 0'80 on Strict Good Mid. Tinged.c. 0’20 on Strict Good Middling...... 0 50 on Strict Middling Tinged__ 0-06 off Good Middling............... 0 32 on Middling Tinged..............0T2 off Strict Low Middling.......0-14 off Strict Low Mid. Tinged... 0 34 off Low Middling................. 0-38 off Middling Stained . . . . . . . . . 050 off Strict Good Ordinary____ 0-72 off Strict Low Mid. Stained... 1-06 off Good Ordinary............... 1-00 off Low Middling Stained..... 1-50 off On this basis the official prioes for a few of the grades for the past week—Jan 4 to Jan. 10—would be as follows. 1 1 1 0 < 1 -3 - J <1 00 <| 1 CiOi 00 O) MO 10 - 1 02 to M 10 ©00 OH• O O -I 1 © to © 1 © M C D © 1 < 1 -1 < 1 -3 CL Ol COCD or oo © o a »c o MM 00 CD MM COCO M 1 CD CD© 0 1 <3-3 COCO 00 00 00 00 00 CD © © M 0 © a © ©© © © Us 1 9 a* to 1 © *?i <1 1 to <3-3 CD C D 05 -J 00 00 <3-3 *3 1 « 1 < J< J <3-3 CD© C 10 D 1 1 1 1 1 1 1 1 1 <3 <3 o> at 0 1 9 1 0 1 | 1 1 © 19 -3 -3 05 Ot M 00 -J<3 ' 0 1 1 at 1 0 1 $ © ^ 1 © | | 1 1 1 1 ! 1 1 0 i « u 9 1 -? i at 1 at - 3 -3 a . a» tO < 3 N 1 ® -3 -3 0)0* atc o ! 1 1 i 1 1 1 1 *? © 00 1 ' 1 $ 1 ® 3 19 1 1 *4 1 11 • s j 1& 1 9 i 1 i 1 ! 1 1 1 a 1 1 1 -3 I 0 i § 1 ® | I 1 a 1 1 © © © O © at © © © O © -3 -3 CD© © © © © © © M O 1 © -3 -1 © © -3 -3 6 © © © © l © 00 CD © 6 th M 1 © 1© 1 * © COrf* 1 © 1 © 1 © 1 © * 1 -3 —3 <3 05 05 00 C D co to -300 CD© 05 at -3 00 CD © -3 CD CD© -3 -3 CD© a t co h- h 00 <3 © C D CD <3 1 © 00-3 ©CD © -3 ©CD a< to <1<I <1© MG O 1 © -3 <3 <105 a* co <1 -3 <j<i GDH 1© <1<3 0 0 -3 00 1 *? ' Oi CO 1© -3 © CO © O © 1 © 1 -? 1 05 CD© -3 -3 © © 1 © © f° M O tOM <1<1 0006 ® 00 00 © a ©<3 CD© a co -3 -3 -3 © ©<3 1 °? 1 00-3 ©00 l w GO <J ©c£> Oi © O CO 1 0 -3 <J CO GO to o t 1 9 <3-3 COCO coco G <3 O ©CD 03 M 1 © 00 00 00 -J-l *? 1 k 1 00 QD O* < i 1 00 at 00 CO© 1 « 1© 1 © tO ©M CD© M CD -4 <3 C © D C* Oi <J<1 1 1 1 © 0 0 -1 00 1 *? 00 * © C O ! © 1 © °? 1 00 acao 00 CD G CD O to © ©© 1 © 00 CD 00 CD M© -3 C D 1© to © © -d l © oooo ODOD M tO 00 to M tO M i © 1 °? •© -3 © 6 ©© G tO D 1 © 1 *? *© © 1© 1 °? 1 °P to to 1 CD at 05 CD 1 *?| *?i © 1 © -3 -3 <3-3 <3-3 © © a t^ -3 -3 © © O' © 1 » 0 1 9 1 9 l 9 -3 -3 00© -3 -3 00 00 U © © M O M -3 -3 -3 -3 © © © © © ^ 1© 19 <3© k 1 r g -3 M © <3 ©OD © « * < -3 <3 < < 1 to© 1 © ©© © 6 m to ©© M © C O ^1 © ©© -3 M l © CD© ©© © -3 ©© w a s to © 05 M © CD© ©© CD co ©| ol CO CD k 1 ©* © 19 1 k *© , k *© © l © 1 ■? *© M 1© * -1 © 1© i 00 1 M 1 m0 10 1© 0 <3© © -3 ©00 M© 1 9 © © C M <3© 1 H © th S w CO© -1 -3 ©© MM CO ^ 1© <3-3 CD© k o a g IP k CD GO a -3 tOM 19 ©© MM ©© to -1 -3 © -J M © 9 9 © © 1© 00 G O GOOD 10 0 K l—i toto M M M M i 6 )tO M MM ©00 © 00 00 0000 00© 0 0 , ©© MM MM M ‘ ©© -3a <iat otto M * © CD 1 © 1 ® 1 © 1 © 1© 6© *>■ -3 I 00 ©CO l ‘ M to 00 00 1 * CD© <3 Oi © no * kg. a tr a; ■9 • * 0 0 k > ft e 19 -1 , 1 © -JO CD CO tfa© 19 °? 1 M <g * > o<l 1 *? ®R , k © ©CD © <3 © ! 9 fV C b Jr* 1 *? ' © <3 T h e V i s i b l e b u p p l y o f C o t t o n t o - n i g h t , a s made up by eable and telegraph, is as follows. Foreign stocks, as well as the afloat, are this week’s returns, and consequently all foreign figures are brought down to Thursday evening. But to make the total the complete figures f o r to-night J a n . 10), we add the item of exports from the United States, including in it the exports of Friday only, 1902 £9oi, 1900. 1899 UPLANDB. S a t . M o n T u e s W e i l Via. F r I , -Jtook at Liverpool... bales. 943,000 680,000 726,000 1,498,000 'Stook at London... ...... 5,000 12,000 2,000 3,000 77-25 G ood O rd in a ry ----------. . . . . . ___ 7- 19 7-25 19 7-25 7-31 L o w M id d lin g ____________ _____ _ 77- 87 87 77- 93 7'81 87 7 ’81 Total Great Britain stock. 948,000 692,000 728,000 1,501,000 M id d lin g ........ .............. . . . . . . . . 13,000 Is,000 16,000 8k 8k itook at Hamburg..... .............. 11,000 8k 8310 83ie 8*10 51 88- 63 8- 57 8- 51 8- 57 G o o d M id d lin g ___ ______________ 857 Stook at Bremen..... . 228,000 182,000 237,000 360,000 11 8-99 M id d lin g F a ir .......................... . 9905 905 8-99 9 05 Stook at Amsterdam.... ................... . ....... 2,000 3,000 Stock at Rotterdam........................... 200 200 300 GULF. S a t . M o n V u e s W e d V ia , F r I . Stock at Antwerp....... ...... 3,000 4,000 5 000 7,000 Stook at Havre........... 167,000 123.000 265,000 271,000 50 Stock at Marseilles..... ........ 7- 56 7- 50 7- 44 7- 44 7-50 7G o o d O rd in a ry ........ ............. 2,000 3,000 4,000 4,000 8T2 8- 12 L o w M i d d l i n g . . . . . . . ----------- 8 T 3 8 06 8T2 806 Stock at Barcelona,........... 74000 49,000 69,000 41000 8k M id d lin g ........................ . 8k 87ie 8k 87ia 89i8 Stook at Genoa........... 30,000 40,000 44,000 48,000 8- 82 8- 76 8-82 870 8'82 8- 88 Good M id d lin g ....... ____. . . . . . Stook at Trieste................. 2,000 3,000 6,0C0 11,000 9- 24 9 3 24 9-30 90 9-30 9-30 M iddling F air” ........................ Total Continental stocks.. 517,0)0 417,200 650,200 761,300 S a t . M o n Vues W ed T k . F rI. S T A IN E D . Tetal European stocks.__1,465,000 1,109,2001,378,200 2,262,300 India ootton afloat for Europe 43,000 96,000 18,000 48,000 6- 75 Amer. cotton afloat for E’rope. 75 Low M id d lin g ..______. . . . . . . . . . 6-81 0 75 6 69 6 99 6641,000 617,000 470,000 810,000 7- 75 Ssypt. Brazil,&o.,aflt.forErpe 75 M iddling.................................... 7-81 7-75 7-69 7-69 769,000 47,000 76,000 49,000 91 791 785 Btriot L o w M lddltng T in g e d ... 7-97 7-91 7-85 7Stock in Alexandria, Egypt... 229,000 175,000 196,000 252,000 25 8- 19 8- 25 Stook In Bombay, India........ 268,000 280,000 285,000 256,000 825 8T9 8G ood M id dlin g T in g e d ............. 831 Stook in United States ports.. 1,087,111 934,6021,054,9-1 1,193 576 The quotations for middling upland at New York on Stook in U. 8. interior towns.. 682,727 794,097 787,172 697,945 Jan. 10 for each of the past 82 years have been as follows. United States exports to-day.. 24.724 51,708 11,523 69,906 1902... 0. 8k Total Visible supply....... 4,509,562 4,104,607 4,278,876 5,638,727 1878....0.11% 1894... .c. 83ie 1886. ... 0. 9k 13 1901... 1877 1893.... .. 9k 1885.. . . . . I lk Of the above, totals of American and other descriptions are as follows 1351 6 1876 1900... ... 7&ie 1892 ... - 77ia 1884. ..... 10k A m e r ic a n — 15 1899... - «ks 1891 ... 31 1883. ..... 1O 0 1875 Liverpool stock........ ..bales. 840,000 604,000 604,000 1,390,000 1874 1898... ... 5io1 1890 ... .. 10*8 16»8 6 1882. ..... 12 Continental stocks.......... 481,000 389,000 617,000 719,000 20*8 1897... ... 7*8 1873 1889.... 1881. ..... 12 American afloat for Europe... 641,000 617,000 470 000 810,000 2130 1896... ... 85le 1888 .. 1880. ..... 1213t6 1872 United States stock.......... 1,087,111. 934,6021,054,981 1,193,576 1895... ... 5k 153a 1871 1887... ... 9k 1879. ..... 9k United States interior stocks. 682,727 794,097 787,172 697,945 24,724 51,708 13,523 63,906 N ote.— Oot. 1,1874, grades of ootton as quoted were changed. United States exports to-day.. On According to the new classification Middling was on that day quoted Total American..............3,756,562 3,390,407 8,516,676 4,880,427 *#o. lower than Middling of the old classification. l a s t I n d i a n , B r a s it , die.— Liverpool stock..... ............ 103,000 70,000 122,000 108,000 MARKET AND SALES. London stock................... 5,000 12,000 2,000 3,000 The total sales of cotton on the spoteaoh day during the CJontlnental stocks....... ....... 86,000 28,200 33,200 42,300 43,000 96,000 18,000 48,000 week are indicated in the following statement. For the India afloat for Europe....... Egypt. Brazil, Ao., afloat...... 69,000 47,000 76,000 49,000 convenience of the reader we also add columns whioh show atookin Alexandria, Egypt... 229,000 175,000 196,000 252,000 at a glance how the market for spots and futures closed on Stock in Bombay, India....... 268,000 280,000 285,000 256,000 same days. Total East India, Ac........ 753,0)0 714,200 732,200 758,300 Total American...... ......3,756,562 3,390,407 3,546,676 4,880,427 Sales of Spot A contract. F utures Total visible supply........4,509,562 4,104,607 4,278,876 5,638,727 Spot m arket Market Middling Upland, Liveqjool.. 4i732d. 5i0g2d. 4kd. S 32d. & Con Closed . Ex ConClosed. Middling Upland, New York.. 8*40. 10ko. 7 *80. 6ke0. su m p . tract. 7oiai. p o rt. 1 Egypt Good Brown, Liverpool 6d. 8%!. 71isd. 6'Mod. Peruv. Rough Good, Liverpool 7d. 7 %!. 7^d. 6kd. Saturday .. Quiet,.............. Firm ......... _ 4i 632a. Skgd. 471 d. 6 3B (i. lfS 1,800 1,800 Broach Fine, Liverpool_ ... Monday.... Quiet at kg dec. Steady...... 40iad. 5kgd. 4kd. 3 kd. Tuesday... Quiet, at kg dec. B’rly steady. 212 500 712 Hnnevelly Good, Liverpool... .... Wednesday Steady........... Hteady...... 856 4,400 5,250 t W Continental imports past week have been 118,000 bales. Thursday.. Quiet at ke adv. Firm.......... The above figures indicate an increase in 1902 of 404,955 '26 Friday..... Steady............ Quiet......... "20 bales as compared with same date of 1901, a gain of 230,686 6,700 7,788 bales from 1900 and a decline of 1,129,165 bales from 1819, Total__________ ____ _ . . . . 1,088 THE CHRONICLE 104 [Vol. LXXIV A t THE I n terio r T owns the movement—that Is the receipt* Quotations for Mid d ling Cotton a t Other Mark e ts .— for the week aad since September 1, the shipments for the Below are closing quotations of middling cotton at Southern week ami the stocks to-night, and the same items for the and other principal cotton markets for each day of the week, aorresponding period of 1900-01 —is set oat In detail below. © L O S IN G Q U O T A T IO N S F O E Jan, 10 $ u, tO D“* O* <Ci-3«M(tO<DM»^«)^tOrCfcOC«0<laC»^M05Ca^CiD(^"03a)‘xOiO *C i“ toF~^tot£totoO»<dto*^}^to^toGC:tototois,O'H‘O 0 to C O ‘a fc0 to B «fc0 3 a y» u ► ifc * * nm # m m -i O o o» o m to fd a tRww woi fa<»&tt±*3c*fc ^ *».g m y■ 3 a Mtok4 ©A Op -3 - o., ' ! toHcb t p tojpjfc 0 & to a f » W <0 fco0.^5 b» m ao a <s% to H ^ i «d qd o c® © c© m ^osoidS ^C itO Oto ® © a d O *< H o to< ls5 < itO *< © * 'jQ N h -M < ,to & & h & © & ifc3 *«4 © i**i£ < tO fcO <^-<J<0^#‘ i^<DQOOOtOtoi^<lM O f:l~ O O < M tO » O ® | y ^ C C A a a ^ iifi-»^ C r-aoi-1 *»© © aNUM ^ a w m -■_ »mis ® h w > *< * "LVlq kT -4m t- *. aoik©Is atbuxio* o 'r-* > o ®h1* c " 3toatk ® #- o 0 > ©©^<©'-,©©W^'l-3Ot'JIQ0©l-‘l-‘Cj0©©©(»-JQD0Dt-‘O©©--lW s c 00® a o K i O e M - © w o . ® © r-M -g c o a o cci-1© ® © to © © © © * ..© It V HHOISP CI— b T MO a w®a3 0'0«<o~j w© © 4 o © is to a> w # to fa It, 0 * <ia0■ © 00 © ©l*-<l* <0® *i a. ;/ w ©-W©<M a; ,x a o © —coo- © -- to 5 »£» 000© to< : to©® *8<3>*“*l*>:r.W© ~ ©-4S«»4k--«Hao©®»N5 a to -' c 0 ■ O ® ® # . ® . »• © . - to © w © « © © x . • -4 ■ > to 1* iA © 05 -a a; ©» 01 N fc t31- O - 3 > J ® © to Ift-t ©x®co; N©®©«a©©#.wM©aw©©®©^toto©©MMifi^ l > we ©*»©©< ®#.M©toM<io^tOM©if.©i(t.©to»--^©y'©wtoxift M X W ^ » O B ‘ 03 M CD Cf* >-» t o t S lS -© W CF» oa to O M fc O M ^ o a to O b O ^ M jfa fc O M to t-» M to O H ^ M C O O U O C » O T O » tO CO<8COCOK>M<©Kit3i^toOaOa<0€£30DS<f<OOOCi003tOHtoC3^to'<lC3>-j aa Mom, M ID D L IN G COTTON O N — Thurs. JPri. 71*16 Galveston... 77 s 77 a 77 s 77 8 71*16 New Orleans 77 7\ 7% 77 s 77 s 77 a 8 Mobile ...... 7% 7% 7% 7\ 7°s 7\ Savannah... 713la 7* 7*he 713,0 71*18 71*16 Charleston.. 7% 7‘\ 71*16 71*10 7Iris Wilmington. 77 a 77 s 77 a 77 s 77 h 7V 7161 8 Norfolk..... 7%a 77 s 8 77 s 71*18 Boston...... fibs 8*16 814 861 8 8*4 8*18 8® 1 Baltimore.. 8s h 8*16 8'I* SH 8*18 Philadelphia *eie 8® 1 8is 8h« 8% fe 7ie Augusta.... 8 8 77 s a1 !*. 7V®Rifl 8 Memphis,... 7l3xa 77 ft 7\ 71*18 77 a 71*16 8t. Louis__ 71S 10 71*16 7tole 71*18 77 a 77 s Houston__ 77 a 77 8 77 a 7 «W 71*18 71*18 Cincinnati.. 8*8 8*s 8i« 8*e 8is 8is Louisville. . 8hj fthj 8 3*6 8 8*8 The closing quotations to-day (Friday) at other important Southern markets were as follows. Athens......... 77 I Columbus, Miss 7ki « Nashville..... . 7% Atlanta_ .... 713,0 E u ia u la ............ 7% Natohe*...... . _ Charlotte...... 77 I Little Rook ... 714 R a le ig h .......... 7% s Columbus, Ga. 7^ I Montgomery... 71116 Shreveport.... 711l« R eceipts from the P lantations .— The follow in g table indicates the actual movement each week from the planta tions. The figures do not include overland receipts nor Southern consumption; they are simply a statement of the weekly movement from the plantations o f that part o f the crop which finally reaches the market through the outports. W eek H e e e iv te a t th e P o r t e B n d in q — -0 © O X X C0-3tC|f.<3&O<<l © i|. if. to tO M X tO toa *&<&&&& a W Q 0<3toMWo < 0 6 D j£ H (C 1 1 ?O jfc > V W3plo m «# <1h colatoVm'cs c& *Vo* c lo eotolo coV w MD3 woo^com^^^^owooK><3ac*35Di^totooi»--CRtooaai<joa OC3 Satur. D e e. “ ” “ Jan. “ 6 13 20 27 3 10 .. .. .. .. . T u tu Wednes. S t’ft a t I n t e r i o r T o w n s . R e c ’v t » f r o m P l a n t ' n » 1901-02 1900-01 1899-00 1901-02 1900-01 1899-00 1901-08 1900-01 1899-00' 323,905 304,639 292,433 299,856 291,31* 278,803 300,284 311,710 267,531 238,380 178,035 174,916 249,624 228,573 318,793 178,337 148,711 145,976 085,730 095,410 716,204 725,168 898,000 682,727 692,525 748,035 786,805 819,040 811,488 794,097 805,019 354,623 346,844 817,891 334,323 862,226 832,028 313,281 309,801 820,507 808,168 260,715 815,724 104,754, 169,838 787,172 202.989 157,575 279,141 240,296. 234,430' 100,870 148,808 117.482- The rbove statement shows: L.—Th at the total receipts from the plantations since Sep. 1, 1901, are 5,723,783 bales; in 1900-01 were 5,583,088 bales; in 1899-00 w ere 4,754,753 bales. coa'HOHHO!)oo'towo*dto« to^ooo-ooaOoafcotocococooa))^ 2.—That although the receipts at the outports the past < © M H week were 278,868 bales, the actual movement from planta O O s -3 to to to » to tf“* fc HbOO»MH to H to to * § a s •3C*puo ^coto co to ; p i to^bo w to w a ^ j^ j^ j^ j^ t o t o p ijo o o c R tooajo ? S' tions was 262,989 bales, the balance being taken from to C 00 G O O OoVcOOs” o 't O O 'c O K * ^ « ^ 0 > 0 < lV t 3 V C O a h ^ i t stocks at interior towns. Last year receipts from the ^ ► (B O O H O O t C t O M O » © © M X ® X 8 » . < » © © k a - 4 t O v - - ! f ‘-a > X -4 > A « © © I^t0®©*a©. >f>Ml>30raiB>M©M©M».©X©©©©©K)© plantations for the week were 157,575 bales and for 190Q * The aoove totals show that the interior stocks have de they w ere 117,422 bales. creased during the week 15,879 bales, and are to-night 111,370 W eather R eports b y T ele g r aph .—R eports to ns by tele bales less than at same period last year. The receipts at all lawns have been 45,179 bales more than same week last year. graph this evening indicate that the weather has been more O v e r l a n d M o v e m e n t f o b t h e W e e k a n d S in g e Se p t , l , — favorable the past week. W here rain has fallen the precipitaW e give below a statement showing the overland movement tion has been light as a rule, and in many sections dry for the week and since Sept. 1, as made up from telegraphic reports Friday night. The results for the week ending weather has prevailed. The satisfactory conditions have Jan. 10 and since Sept, 1 in the last tw o years are as follows, favored the marketing of cotton, which has been on a liberal scale. 1901-1902. 1900-1901, Galveston, Texas,—W e have had no rain during the week. J a n u a r y 10. S in c e S in e s W eek, W eek. Average thermometer 51, highest 66 and lowest 36. S e p t . 1. S e p t . 1. Corpus Christi, Texas.—It has been dry all the week. The1 S h ip p e d — Via St. L o u i s _____ ,* * * , ,. 35,875 471,125 22,553 598,732 thermometer has averaged 52, the highest being 66 and the Via Cairo,. . . . . ___ _ 3,236 72,609 8,419 151,273 Via Faduoak..=.».^,.... 154 24 4,977 lowest 38. 2,096 21,731 1,410 43,921 Via Rook Island..... .. San Antonio, Texas.—There has been no rain during the 10,123 106,009 5,615 83,013 ViaLoui»viUe..^ Via Cincinnati...... ............ 4,291 58,076 3,955 46,741 week. Average thermometer 50, highest 72 and lowest 28. 26,049 203,068 15,266 162,201 Via other routes, ..... New Orleans, Louisiana,—There has been rain on one day 81,670 932,642 57,372 1,090,858 during the week, the rainfall being one hundredth of an Total gross overland..... D e d u c t sh ip m e n ts — Overland to M Y., Boston, <ke». 15,338 200,621 19,253 229,781 inch. The thermometer has averaged 49. . 37,946 2,738 78,681 Between Interior towns......... 4,998 Palestine, Texas— It has been dry all the week. The ther 659 24,281 1 ,0S0 23,864 Inland, As.,from South.....™.. mometer has averaged 48, ranging from 26 to 70. F o rt W orth, Texas. —There has been rain on one day dur • Totalto h® deducted.....^.. 20,995 262,848 23,081 332,326 ing the week, to the extent of two hundreaths of an inch. Leaving total net overland*.. 60,675 669,794 34,291 758,532 The thermometer has ranged from 22 to 74, averaging 48. * Including movement by rail to Canada, Shreveport, Louisiana,—Rain has fallen on three days o f The foregoing shows the week’s net overland movement the week, the rainfall reaching ten hundredths o f an inch. this year has been 60,675 bales, against 34,291 bales for the The thermometer has averaged 49, and ranged from 27 to 70. week in 1901, and that for the season to date the aggregate net Columbus, Mississippi.—D ry weather has prevailed all the overland exhibits a decrease from a year ago o f 88,738 bales, week. The thermometer has ranged from 23 to 53, averag ing 38. 1901-1902. 1900-1901. Leland, Mississippi.—I t has been dry all the week. Average i n S ig h t a n d S p in n e r s ’ M in e r , S in c e T a k in g s . W eek. Ilee*. S e p t 1. thermometer 42*7, highest 77, lowest 26. S e p t . 1. Vicksburg, Mississippi.—It has rained on one day of the Receipts at ports to Jan. 10— ... 278,868 5,170.361 174,916 4,833,618 week, the precipitation being nine hundredths of an inch. Met overland to Jan. 10........... 60,675 669,794 34,291 758,532 The thermometer has averaged 43, the highest being 87 and Southern consumption to Jan. 10. 37,000 657,000 32,000 574,000 the lowest 29. Little Rock, Arkansas.—There has been snow on two days Total marketed................ 376,543 6,497,155 241,207 6,166,150 interior stocks In excess.......... *15,879 553,422 *17,341 749,470 of the week, the precipitation from which equaled twelve hundredths of an inch of rain. The thermometer has aver 223,866 Came Into sight during week. 860,664 7,050*577 6,915,620 aged 41, ranging from 22 to 69. Total In sight Jan. 10......... Helena, Arkansas.—There has been light snow on one day No?th’n spinners tak’gs to Jan. 10 87,741 1,085,316 40,526 1,159,246 of the week, but the weather is now warmer, with indications of rain. The thermometer has ranged from 24 to 68, aver * Decrease during week. aging 40. Movement into sight in previous years. Memphis, Tennessee,—Dry all the week and marketing Bales. Since Sept. 1— Bales. Week— Jan. 12....... 6,177,086 active. The thermometer has ranged from 22■3 to 68, aver 1899-00— Jan. 12........... 177,055 1899 00— . 243,259 1898-99— Jan. 13....... 8,245,175 aging 40*5. 1898-99— Jan. 13 14 Jan. 14....... 7,917,619 . 333,513 1897-98— 189798—Jan. Mobile, Alabama.— We have had rain on one day the past 189897— 15.......... 167,620 1896-97—Jan. 15..... . 6,661,398 Jan. c> e ‘-'O fc &O p* O to tOMK h-ij WMrfk. to V j® M 05»=*& 3M O O fcO V o CO CQ l 05 I o I d i J^QO to fcOHfcD H © t o I—1 O O' <3 to t o -3 C H*-o O* O to «£ z M <D C 00 H* <1 to WO* to < 5 o o *^ ^ C < 3 O O Ilf THE January 11, 1902.1 CHRONICLE. week, the rainfall reaching sixteen hundredths of an inch. The thermometer has averaged 47, the highest being C0 and the lowest 31. M o n tg o m ery , A la b a m a . — Rivers are falling rapidly and the weather is moderating. It has been dry all the week. The thermometer has averaged 43, ranging from 23 to 67. S e lm a , A la b a m a . — W e have bad no rain the past week. The thermometer has ranged from 30 to 67, averaging 50. M a diaon, F l o r i d a .— W e have had rain on one day of the week, the precipitation being five hundredths of an inch. Average thermometer 49, highest 70, lowest 82. A u g u s ta , G e o r g ia .—Dry weather has prevailed all the week. The thermometer has averaged 43, the highest being 70 and the lowest 23. S a v a n n a h , G e o rg ia .— It has been dry all the week. The thermometer has averaged 48, ranging from 29 to 70. C h a rlesto n , S o u th C a ro lin a . — W e have had no rain the past week. The thermometer has ranged from 27 to 66, averag ing 45. S ta te b u rg , S o u th C a ro lin a .— After the sharp cold wave, the weather is now mild and springlike and preparations for farm work are going on. W e have had no rain during the week. Average thermometer 42 3, highest 67, lowest 20. G reen w o o d , S o u th C a ro lin a . — Dry weather has prevailed all the week. The thermometer has averaged 37, the highest being 51 and the lowest 24. C h a rlo tte, N o rth C a r o lin a . — It has been dry all the week. The thermometer has averaged 42, ranging from 19 to 64. The following statement we have also received by telegraph, showing the height of the rivers at the points named, at 8 o’clock Jan. 9, 1902, and Jan. 10, 1901. J a n . 9, ’02. J a n . 10, ’01. F eet 4 6 7-0 6-7 2-2 10-9 F eet. 4-8 20'5 106 01 17-5 N e w O r l e a n s . . . . ..........A b o v e aero o f g a u g e . M e m p h is .......... N a s h v ille _______ S h re v e p o rt___ V lo k s b u r g ....... I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s ,— The receipts of cotton at Bombay and the shipments from all India ports for the week ending Jan. 9, and for the season from Sept, 1 to Jan, 9 for three years have been as follows: 1901 -02 R e c e ip ts at— W eek. B o m b a y .......... 113,000 1900 01. S in c e Sept. 1. S in c e S ep t. 1. W eek. 567,000 73,000 G rea t B r ita in . T o ta l a l l 1901 0 2 .. 1900-01.. 1899-00.. 45,000 416,000 S in c e S e p te m b e r 1. C o n ti n e n t. T o ta l. 17.000 31.000 2,000 17.000 37.000 2,000 1,000 Bom bay1901 0 2 .. 1900 0 1 .. 6,000 1899 00 .. O a lo u ttv — 1901 0 2 .. 19000 1 .. 1 8 9 .-0 0 .. M adras1901- 02 . 190001 .. 1899- 0 0 .. ........ A ll others— 190102 . 190001 .......... 1899 00 .. S in c e Sept. 1. W eek. 422,000 F o r the W eek. E x p o rts fro m — 1899 1900. 1,000 G re a t B r ita in . C o n t i n e n t. T o ta l. 24,000 69.000 148,000 16.000 69.000 172,000 16.000 1,000 1,000 1,000 4.000 7.000 4.000 5.000 8.000 5.000 6,000 3.000 9.000 1.000 3.000 15.000 1.000 ........ 1,000 1,000 7,000 29.000 26.000 10,000 29.000 33.000 10.000 18,000 32,000 2,000 6,000 ........ 18,000 38,000 2,000 1,000 38,000 1.000 105.000 190.000 81,000 106,000 228,000 32,000 According to the foregoing, Bombay appears to show an increase compared with last year in the w eek’s reoeipts of 40.000 bales. Exports from a ll India ports record a loss of 20.000 bales during the week and sinoe Septem ber 1 show a d e c re a se of 122,000 bales. A l e x a n d r ia R e c e ip t s an d Sh ip m e n t s o f C o tto n . Through arrangements we made with Messrs. Davis, Benaohi & Co., of Liverpool and A le x an d ria , we now receive a weekly cable of the movements of cotton at Alexandria, Egypt. The follow ing are the receipts and shipments for the past week and for the corresponding week of the previous two years. A le x a n d r ia , E g y p t, J a n u a r y 8, R eoeipts (o a n t a r s * ). .. T h is w e e k ................ Since Sept. 1 ........ . 1901-02. 190C-01. 330,000 4,470,000 185,000 3,322,000 TM s w eek. S in c e S e p t . 1. TM s w eek. S in c e S e p t . 1. 1899-1900 240,000 4,673,000 TM s w eek. S in e c S e p t . 1, • x p o r t s (b a le s )— T o L i v e r p o o l. . . ....... 19.000 174.000 10,000 172.000 13.000 244.000 T o C o n tin e n t ♦ . . . . . . 27.000 227.000 16,000 127.000 27.000 213.000 T o ta l E u r o p e _____ 46,000 ,401,000 26,000 299,000 40,000 4 57,000 * A o a n t a r l « » 8 pou n da. t O f w hich to A m e r ic a In 1901-02,49,942 b a le s : I d 1900-01 24 459 tn 1899-1900, 50,561 b a le * . This statement shows that the receipts for the week ending Jan. 8 were 310,000 oantars and the shipments to all Europe 46,0X1 bales. 105 M a n c h e s t e r M a r k e t . — Our report received by cable to-night from Manchester states that the market continues quiet for both yarns and shirtings. Manufacturers are gen erally well under contract. Wo give the prices for to-day below and leave those tor previous weeks of this and last year for comparison. 1901-02 32s C o p . T w is t . <. 1 d. Deo. 6 61Bl a »7 0 „ “ 18 7 *7% 07^ “ 20 7 “ 27 7 1i a ’>7i31e 7 ©74i Jan . 3 •• 10 Oit'te-VCja 1900-01. 8 1 l b s . S M r t O o tt’n * 8 H l b s . S M r t O o tt’n i n g s , c o m m o n M i d . M 2s C o p . i n g s , c o m m o n M id . T w is t . X Jpldn to fi n e s t . to fin e s t . U p Id s 8. d. B. < . 1 5 1>*07 10>* J7 5 2 <> 11 5 2 « 7 11 5 2 ©7 l l 5 1>* 07 10>s 5 1 07 9 d. d. d. 4>a 8>* ©Oh) 4*^32 8>4 © O fe 8% 09 *8 4‘ 1.j2 8% n>t)3a 2 41732 8>* ©9>* 4>732 8>8 09 a s 8. (T. 8. 5 6 08 5 5 07 5 ft 0 8 5 ft 08 5 5>*®8 5 6 08 4. d. ft«ie 5-h, fthi 0 11 0 0 5ie3 2 1 >* 5>732 1 hi C o t t o n C o n s u m p t i o n a n d O v e r l a n d M o v e m e n t to J a n . 1. —In consequence 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 December and the four months ended Dec. 31 for three years. 1901. G ross o v e rla n d fo r D e c e m b e r.......bale s. G r o s s o v e rla n d fo r 4 m on th s................... Net o verlan d fo r D e c e m b e r..................... N et o verlan d fo r 4 m onths....................... P ort receipts in D e c e m b e r........................ P o rt receipts in 4 m on th s.................... . E x p o rts In D ec em ber................................ E x p o rts in 4 months.................................. P o rt stocks on D e c e m b e r 3 1 .................... Northern spinners’ tak in gs to Jan. 1 . . . . Southern spinners’ ta k in gs to Jan . 1 ___ O v e rla n d to C a n a d a f o r 4 m onth s (ineluded in net o v e r la n d )......................... B urnt N orth an d South in 4 m onth s...... Stock at N o rth ’n Interior m arkets J an . 1 G am e In sight d u rin g D e c e m b e r............. A m o u n t o f crop in sight J an . 1 ............... Cam e in sight balan ce seaso n ................. Total oro p ____________ . . . . . . . . . . . . . . . . . . . . 1900. 278,596 821,053 215,830 591,031 1,341,870 4,790,178 1,040,732 3,578,541 1,051,090 964,343 601,000 1899. 360,390 368,532 999,595 1,052,037 246,242 272,228 707,696 821.029 1,195,757 919,290 4,558,673 3,942,883 827,202 593,717 3,188,290 2,583,193 1,067,734 1,162,594 1,078,290 1,364,219 522,000 496,000 40,135 40,108 54,476 5,578 10 14,872 20,512 9,742 21,619 1,803.700 1,750,661 1,359,518 6,577,209 6,566,369 5,834,912 3,858,772 3,604,647 10425141 9,439,559 505-44 511-54 A v e ra g e w eigh t o f b a l e s .......................... 507 95 D o m e s t i c E x p o r t s o f C o t t o n M a n u f a c t u r e s . — W e give below a statement showing the exports of domestic cotton manufactures for November and for the eleven months ended Nov. 30, 1901, and for purposes of comparison like figures for the corresponding periods of the previous year are also presented: Q u a n t i t ie s of M a n u fa c tu re s o f M o n t h e n d in g N o v . C o t t o n (.colored a n d u n c o lo r e d ) E x p o r t e d to 80. 11 m o s .e n d in g Nov.cO. 1801. 1900. 629,998 *76,938 1,646 16,102 9,736 158,953 49,606 35,204 2,760 18,694 *12,026 999 51,047 13,482 179,700 37,031 46,894 2,716 14,136 1901. 1900. — 1,231,082 9,107,326 6,608,801 United Kingdom..................yards. 10,5U5 20,870 11,896 27,007 673,726 Germany.......................................... 175.290 187,043 231,041 2,124,782 1,083,040 Other Europe.................................. 667,360 662,788 7,093,128 7,610,525 British North America................... 867,334 1,681,810 11,073.280 13,698,176 Cent’l America & Brit. Honduras. 339,702 408,830 S,f 09,525 4,707,173 Mexico......................................... 463,709 207,567 4,618,659 8,031.816 Santo Domingo.............................. 252,899 181,046 4,237,093 2,511,123 Cuba................................................. 8,552,886 Other W est Indies and Bermuda.. 1,611,621 2,293.781 16,241,874 20,304,796 120,60* 203,230 1,631,406 1,450,741 Argentina........................................ 673,826 647,129 4,8 5,752 4,009.417 Brazil................................................ 040,109 041,019 20,148,887 4,240,282 Colombia .............................. 1,959,792 2,6*5,809 23,130,969 28,985,318 Other South America ............... 363,732 180,468,023 101,332,864 China ............................................... 12,960,162 680,161 1,106,601 0,405,1*5 11,183,787 British East Indies.......................... ........ 32.734 511,190 Hong Kong ..................................... 27 0,452 23,100 28,820 650,024 Ja p a n .......................................... ... 318.028 190,060 248,530 8,635.993 8,962,142 British A ustralasia......................... 1,694,737 98,507 118,130 886,008 Philippine Islands.......................... 844,139 Other Asia and Oceanica............... 1.700,788 2,286,440 30,851,110 21,012,098 077,162 726,366 0,941,337 4,453,070 A frica.............................................. 29,551 Other countries.............................. 87,191 Total yards of above................ 26,224,085 15,281,6*4 388,095,673 245.006.827 Total values of above .......... 11,300,840 *906,418 *17,975,104 *13,613,163 Value per yard ....................... $-0618 *•0603 $-0630 *•0656 V a lu e s o f o th e r M a n u f a c t u r e s C o tto n E x p o r te d to — of United Kingdom ..................... France .................................. Germany.......................................... Other Europe .......................... British North A m erica.. ............ Cent’l America A Brit. Honduras. .Mexico.......................... .......... Santo Domingo....................... Cuba.................................... Porto Rico*........................... Other W est Indies and Bermuda.. Argentina...... . . .......................... Brazil.................................... . . Colombia.......................................... Other South America..................... China .................................. British East Indies .................. Hong Kong ............................ British Australasia. ................. Hawaiian Islands* ................... Philippine Islands ............. ...... Other Asia and Oceanica ........... Africa __ Other countries ....................... 17,869 17,483 4,602 2,251 4,426 241 409 200 28,217 8.901 4,09'2 10,104 808 Tot. value of oth. m anufact’s of. *<03,967 Aggregate val. of all cotton goods *1,770,808 *905,848 *903,633 30,612 26,668 482,029 497,370 170,126 180,832 1,942,377 2,111,393 400,909 380,149 423,623 491,709 20,601 48,888 152,194 111,804 12,000 10,274 134,444 110,376 1,104 111,581 12,021 8,082 32,426 40,949 3,611 46,841 87,057 8,071 77,886 70.105 4,4 07 123,127 81,907 2006.040 4,031 1,331 9,184 13,821 4l,8u8 318,707 301.572 211,866 1,482 87,l5:t 8,187 90,597 0,457 99,633 4,842 84.9*0 34,348 1,240 7,573 0,801 *511,295 *5.000,983 *5,828,072 *1,417,718 *23.642 007 *19.430,225 * Com m erce b etw een the U n ite d States an d P o r to R ioo an d H a w a i i not in clu ded afte r Ju n e 30, 1900. THE 106 CH RONICLE [V ol. LXXIV. T h e F o l l o w i n g a r e t h e G r o s s R e c e i p t s o f C o t t o n at S k a I s l a n d C o t t o n M o v e m e n t . — We D a v e received t h i s (Friday) evening by telegraph from the various ports the New York, Boston, Philadelphia and Baltimore for the past details of the Sea Island cotton movement fo r the week. The week, and since Sept. 1, 1901. receipts for the week ending to-night (Jau. 10) and since P h il a d b l i h ’a B a l t ih o h *. Naw Y o rk . Bo s t o n . Sept. 1, 1001, thestocks to-night, and the same items fo r the R e c e ip ts corresponding periods of 100)-01, are as follows. T h is S in c e S in c e T h is S in c e T h is T h is S in c e fro m — 1 9 0 1 -0 2 . R e c e ip t s to J a n . 10. T h is S in c e S e p t . 1. w e e k . T h is w eek. T o t a l ............................ S in c e S e p t . 1. 1902. 1901. 1 ,4 2 0 282 1,558 3 8 ,4 6 6 6 ,67 6 7 ,62 2 1,79 3 163 824 4 5 ,7 70 14,190 2 6 ,8 7 4 7 ,0 5 6 3 ,4 8 8 1,708 48 1,321 8 ,5 7 0 5 2 ,7 6 4 2 ,7 8 0 6 1 ,3 9 6 17,726 2 9 ,9 03 The exports for the week ending this evening reach a total o f 1,481 bales, of which 1,323 bales were to Great Britain, 161 to France and — to Bremen, and the amount forwarded to Northern mills has been 4,038 bales. Below are the exports for the week and since Sept. 1 in 1901-02 and 1900-01. W e e k E n d i n g J a n . 10. E x p orts fr o m — S a v a n n a h . .. O h a r l ’t ’ n .A o F lo rid a , A c . N e w Y o r k .. B o s t o n ........ B a l t . , A c ----- O reat F r'n ct t£ c. B r it ’n. T o ta l. S i n c e S e p t . 1, 1 9 01 . O reat B r i l ’n . F r'n ce c c. 6 T o ta l. 523 52 3 8 ,17 3 800 800 1,506 2,763 10,936 216 1,722 "ia i i jo 78 1 ,18 5 N o r t h ’n M ilt s . ......... 8 in c e W e e k . S e p t . 1. 2,768 "ie i ......... T o t a l ....... T o t a l 1900-1 1,198 76 1,270 9 ,8 7 6 77 7 8,463 ......... ......... 2 ,2 6 3 25 25 1,484 1 0 ,7 82 4,164 14,916 4,038 19,116 1 ,27 4 2,66 7 11,575 1 ,42 4 2 0 ,9 7 6 ......... 161 8 ,9 0 8 A considerable portion of the Sea Island cotton shipped to foreign ports goes via New York, and some small amounts via Boston and Baltimore. Instead of including this cotton for the week in which it leaves the Southern outports, we follow the same plan as in our regular table of including it when aotually exported from New York, &c. The details of the shipments of Sea Island cotton for the week w ill be found under the head “ Shipping News,” on a subsequent page. Quotations Jan. 10 at Savannah.— For Georgias extra fine, 19% 330c.; choice, 20%c.; fancy, 22c. E a s t I n d i a C r o p .— The report on the early cotton crop of Bengal for 1901 was issued by the Director of Land Records of Agriculture under date of Calcutta, December 3, as follows: T h e e a r ly o o tto n c r o p is p r i n c i p a l ly g r o w n in t h e C h it t a g o n g H i l l t r a o t s a n d i n th e d is t r ic t s o f th e B h a g a lp u r , O r i s s a a n d C h o t a N a g p u r d iv is io n s . I n th e s e d is t r lo t s t h e r a i n f a l l in J n n e w a s g r e a t l y in d e fe c t , e x c e p t in M id n a p o r e , J a lp a i g u r i a n d th e C h it t a g o n g H i l l t r a o t s , w h i le in J u l y th e f a l l w a s e v e r y w h e r e d e fic ie n t , e x c e p t in P a r i a n d J a l p a i g u r i. T h e d e fe c t w a s n o t, h o w e v e r , so s e r io u s a s to r e t a r d s o w in g s . G o o d r a in f e l l i n A u g u s t in m o st o f th e d is t r ic t s , a n d in S e p t e m b e r th e w e a t h e r w a s g e n e r a lly f a v o r a b le , e x o e p t in p a r t s o f th e B h a g a lp u r a n d C h o t a - N a g p u r D iv is io n s ; b u t a c o m p a r a t iv e ly d r y O c t o b e r a n d u n t im e ly r a i n m N o v e m b e r h a v e s e r i o u s ly je o p a r d i z e d t h e p r o s p e c t s o f t h is o ro p . T h e n o r m a l a r e a u n d e r e a r ly o o tto n in th e s e P r o v in c e s is e s tim a te d a t 8 4 ,7 0 0 a c r e s . T h e a r e a a o t u a lly s o w n th is y e a r is e s t im a t e d a t 7 7 ,4 0 0 a o re s , a g a i n s t 8 2 ,9 0 0 a c r e s o f th e p a s t y e a r . T h e d e c r e a s e is a t t r i b u t a b le to d e fic ie n t r a i n f a ll in M a y a n d J a n e . O u t o f t h e 15 d is tr ic t s w h ic h g r o w e a r ly o o tto n , o n ly o n e , n a m e ly , B u r d w a n , r e p o r t s a n o r m a l c r o p . T h e S o n t h a l P a r g a n a s , C u t t a c k , B a la s o r e , M a n b h u m a n d S ln g h b h n m h a v e r e t u r n e d a c r o p o f b e t w e e n 9 0 a n d 100 p e r cen t. S i x o t h e r s (J a lp a i g u r i , M o n g h y r , B h a g a lp u r , H a z a r i b a g h , R a n c h i a n d P a la m a u ) a n t ic ip a t e a n o u t t u r n v a r y i n g f r o m 6 0 to 75 p e r c e n t; A n g u l a n d P a r i e s t im a t e o n ly h a l f th e a v e r a g e o u t t u r n , w h i le in t h e c h ie f c o t t o n -g r o w in g a r e a in th e P r o v in c e , v i z , t h e C h it t a g o n g H i l l T r a c t s , th e o u t t u r n is e s t im a t e d a s l o w a s 2 5 p e r o e n t o f a n a v e r a g e o ro p . T h e o u t t u r n f o r th e P r o v i n c e a s a w h o le a m o u n t s , a c c o r d i n g t o th e d is tr ic t r e t u r n s , to o n ly 69 p e r o e n t o f a n o r m a l orop. T h e effect o f t h e u n s e a s o n a b le w e a t h e r a p p e a r s to m e t o h a v e b e e n s o m e w h a t e x a g g e r a t e d in t h e C h it t a g o n g H i l l T r a o t s a n d e ls e w h e r e , a n d I th in k w e c a n s a f e ly o o u n t u p o n a 7 5 p e r c e n t o r a 1 2 -a n n a o ro p f o r th e P r o v in c e a s a w h o le . T h e t o t a l y ie ld o f t h e e a r ly o o tto n c r o p t h is y e a r is e s tim a te d a t 5 ,3 5 6 ,5 0 0 lb s ., a g a in s t 7 ,2 9 2 ,9 0 0 lb s . p r o d u c e d la s t y e a r . T h e a v e r a g e y ie ld o f th e p r e c e d i n g s e v e n y e a r s a m o u n t e d t o 6 ,3 8 1 ,0 0 0 lb s . T h e E x p o r t s o f C o t t o n from New Y ork this week show a decrease compared with last week, the total reaching 20,899 bales, against 25,403 bales last week. Below we give our usual table, showing the exportsof cotton from New York, and the direction., for each of the last four weeks; also the total exports and direction since Sept. 1,1901, and in the last column the total for the same period of the previous year. BXPORTS OF COTTON (BALES) FROM NEW YOKE SINCE SEPT. 1, 1 9 0 1 . W eek E n d in g — E x p o rted to— D ec. 20. L i v e r p o o l __________ 11,364 O t h e r B r i t i s h p o r t s .. 3,69 1 T o t . to Gx. B r it ’ n . D ec. 27. Jan . 3. 7 4 ,1 4 2 3 1 ,1 8 4 L ast year.... 36,011 w eek . S e p t . 1. w eek. 0,500 4 2 8,828 11,901 8,076 S e p t . 1. 77,800 80,780 61,930 20,100 5,200 1,294 14,011 w eek . « •• •••• ...... ••• •••• 4,317 470,(01 28,505 18,784 ............ ........ 4,847 9,847 1,806 10,300 747 268,093 10,476 423,824 748 8,317 S ep t. 1. ....... 27,104 ............ 39,811 4,920 40,086 40,017 6,674 113,540 21,240 10,108 106,984 j n e w s .— a s sh ow n on a p r e v i o u s page, the of ootton from t h e United States the past w e e k have reached 229.923 b a l e s . The shipments In detail, a s made up from m a l l and celegraphlo returns, a r e as f o l l o w s : S h ip p in g 7 ,6 5 2 19,048 10,207 19 0 ,7 3 0 Total hales. S aw Y o r k — T o L i v e r p o o l , p e r s t e a m e r s C y m r ic , 6 ,9 7 1 ____ T a u r lo , 2 ,1 5 8 ................................................................................... 9 ,12 9 T o H u ll, p e r s t e a m e r M a r t e llo , 2 5 0 ............................................. 250 T o M a n c h e s t e r , p e r s t e a m e r B u ffo n , 8 2 8 ............................... 828 T o H a v r e , p e r s t e a m e r L a C h a m p a g n e , 75 8 u p la n d a n d 161 S e a Is la n d .............................................................................. 919 T o B re m e n , p e r s t e a m e rs D a r m s t a d t , 5 ,5 6 8 ___ G e r a , 335 ____K r o n p r ln z , 1 ,3 0 0 ..................................................... 7 ,2 0 3 T o H a m b u r g , p e r s t e a m e r P a t r ic ia . 1 0 0 ...... .............................. 100 T o A n t w e r p , p e r s te a m e r B r it is h P r in c e s s , 3 9 1 .............. 39 1 50 T o C h ris t ia u a . p e r s t e a m e r X e n i a , 5 0 — ................................. T o C o p e n h a g e n , p e r s t e a m e r X e n i a , 1 5 0 ................................... 15 0 T o B a r c e lo n a , p e r s t e a m e r P . D e S a t r u s t e g u l, 7 5 0 ................ 750 T o G e n o a , p e r s t e a m e r T a r t a r P r in c e , 1 8 1 .............. ................ 181 T o N a p le s , p e r s te a m e rs C it t a d i T o r in o , 1 0 0 — T a r t a r P r in c e , 1 0 0 ....................................................................................... 20 0 T o T rie s te , p e r s t e a m e r P o w h a t a n , 6 0 0 ................................... 600 T o V e n ic e , p e r s t e a m e r P o w h a t a n , 1 4 8 ..................................... 148 New O r l e a n s —T o L i v e r p o o l — J a n . 4 — S t e a m e r B a r r is t e r , 9 ,9 9 0 ___ J a n . 6 —S t e a m e r s A n t l l i a n , 11 ,0 0 0 ; F lo r id ia n , 5 .4 1 1 .................................................................................................. 2 6 ,4 01 T o M a n c h e s t e r - J a n . 7 — S t e a m e r E ls w i c k G r a n g e , 7 , 7 5 0 . .. 7 ,7 5 0 T o H u l l —J a n . 7 — S t e a m e r C o le n s o , 1 .2 0 0 ....................... ........ 1 ,20 0 9 ,8 4 0 T o H a v r e - J a n . 4— S t e a m e r C o r b y C a s tle , 9 ,8 4 0 ................... T o D u n k i r k — J a n . 1 0 - S t e a m e r K u r la n d , 3 ,5 8 1 ...................... 3,581 T o B r e m e n —J a n . 8 - S t e a m e r K n i g h t E r r a n t , 2 0 ,4 1 7 ........... 2 0 ,4 1 7 T o R o t t e r d a m —J a n . 4 - 8 t e a m e r W im b o r n e . 1 ,3 8 2 .............. 1,382 T o A n t w e r p —J a n . 9 — S t e a m e r R h o d e s ia , 3 ,7 5 0 ....................... 3 ,7 5 0 T o C o p e n h a g e n —J a n . 4 —S t e a m e r T e x a s , 1 , 1 2 0 ...................... 1,120 T o B a r c e lo n a — J a n . 4 — S t e a m e r M a r t i n S a e n z . 5 ,3 7 5 ......... . 5 ,3 7 5 G a l v e s t o n — T o L i v e r p o o l — J a n . 2— S t e a m e r M o n t a u k , 1 1 ,8 3 9 ___ J a n 4— s t e a m e r I d a r . 1 0 ,5 5 4 ........................... . ............. 2 2 ,3 9 3 T o M a n c h e ste r— J an . 4 -S t e a m e r T s o d o ro d e L a r r in a g a , 1 2 ,1 3 6 ........................................................................................ . . . 1 2 ,1 3 6 T o B r e m e n —J a n . 2 — S t e a m e r C a s s e l, 1 3 ,5 5 7 ....... J a n . 9 — S t e a m e r H a n n o v e r , 1 5 .7 1 6 ......................................................... 2 9 ,2 73 P e n s a c o l a — T o L i v e r p o o l —J a n . 6 —S t e a m e r V i v i n a , 7 , 4 4 8 - . . . 7 ,4 4 8 T o B r e m e n —J a n . 4 —S t e a m e r N e p t u n o (a d d i t io n a l), 2,67t>. 2 ,6 7 6 s a v a n n a h — T o L i v e r p o o l —J a n . 3 — S tr. F o r e s t D a le , 1 0 ,0 0 8 u p la n d a n d 40 2 S e a I s la n d ................... .......................... ......... 1 0 ,4 1 0 T o M a n c h e s t e r —J a n . 4 —S t e a m e r A x c n in s t e r , 5 ,6 6 6 u p la n d a n d 121 S e a I s l a n d ................................................. T o B r e m e n - J a n . 6 —S t e a m e r A ld e r n e y . 1 0 ,2 93 ........... ...... 1 0 ,2 9 3 C h a r l e s t o n — T o L i v e r p o o l — J a n . 2 — S t e a m e r M i r a m a r (a d d i t io n a l), 3 5 0 S e a I s la n d . . . J a n , 3 —S t e a m e r D r u m g a r t h , 9 ,2 5 0 u p la n d a n d 4 5 0 S e a I s l a n d ............................................ 1 0 ,0 5 0 B o s t o n — T o L i v e r p o o l — J a n . 1— S t e a m e r D e v o n i a n . 1 ,7 1 4 ....... 1 ,7 1 4 T o G e n o a —J a n . 3 —S t e a m e r C o m m o n w e a lt h , 5 0 0 ............ 50 0 B a l t i m o r e — T o H a m b u r g —J a n . 2 - S t e a m e r A b e s s in i a , 4 5 0 . . . 450 P h i l a d e l p h i a —T o R o t t e r d a m - J a n . 8— S t e a m e r T h o r d is . 4 9 3 . 498 S a n F r a n c i s c o —T o J a p a n — J a n . 4 — S tr. A m e r i c a M a r u . 3 ,6 5 7 3 ,6 5 7 S e a t t l e - T o J a p a n — J a n . 2 — S t e a m e r T o s a M a r a , 1 0 ,9 2 3 ------- - 1 0 ,9 2 3 T o t a l ................. ...........................— .................................................... 2 2 9 ,9 2 3 The particulars of the foregoing shipments, arranged in our usual form, are as follows. O reat F ren ch O e r - ^ - O t h .E ’r o p c — M e x i c o , B r i t ’n . p o r t s , m an y. N o r th . S o u th . A c. J a p a n . T o ta l, N e w Y o r k . 1 0 ,2 0 7 91 9 7 ,3 0 3 591 1 ,87 9 ........................ 2 0 ,8 9 9 N . O r l e a n s 3 5 ,3 51 1 3 ,4 2 1 2 0 ,4 17 6 ,2 5 2 5 ,3 7 5 ........................ 8 0 ,8 1 6 G a lv e s t o n . 3 4 ,5 2 9 ......... 2 9 ,2 7 3 ........................................ 6 3 ,8 0 2 P e n s a c o la . 7 ,4 4 8 — .. 2 ,6 7 6 ................................. . ...... 1 0 ,1 2 4 S a v a n n a h . 1 6 ,1 97 ......... 1 0 ,2 9 3 ........................................ 2 6 ,4 9 0 C h a r le s t o n 1 0 ,0 5 0 .............................................................................. 1 0 ,0 5 0 B o s t o n ..., 1 ,7 1 4 ..................................... 5 0 0 ....................... 2 ,2 1 4 B a lt im o r e ................... 450 ........................................ 450 P h il’d e lp ’ a ..................................... 49 8 ..................................... 49 8 3a n F r a n ............. ........................................................ . 3 ,6 5 7 3 ,6 5 7 S e a t t l e .......................................................................................... 1 0 .9 2 3 1 0 ,9 2 3 T o t a l . . . . l l 5 , 49 6 1 4 ,3 1 0 7 0 ,4 1 2 7 ,3 4 1 7 ,7 5 4 1 0 5 ,3 2 6 T o tal F r e n c h — 2,359 919 1 0 ,7 3 5 250 1 4 ,3 7 3 L i v e r p o o l ......... .. c . M a n c h e s t e r .........e. 919 100 10 ,985 1 4 ,3 73 H a v r e . . . . .............c . B r e m e n . . . ........... c. ......... 602 100 1,743 2 ,44 5 674 S p a i n , I t a l y , & o ......... A l l o t h e r ...................... 1,438 61 ,121 2,538 8.40S 3 3 ,6 1 2 11 ,821 2 3 ,5 8 3 2 ,9 8 0 7 ,8 9 4 72 ,067 6 9 ,0 19 3,375 1,87 9 46 ,465 622 16 ,217 703 674 T o t . to N o .E urope 7,203 100 591 2,955 25 ...... 1 ,48 8 3,375 1 ,87 9 46 ,987 16 ,920 21,847 8,426 2 5 ,4 0 3 20,899 32 0,76 9 2 0 5 .6 3 8 ......... 1 4 ,5 8 0 2 2 9 ,9 2 3 Exports to Japan since Sept. 1 have been 79,467 bales from the Pacific Coast. Ootton freights at New York the past week have b e e r S atu r. 15,055 O th e r F re n o h p o r ts .. T o tal— Sam e p e r io d p r e v io u s y ear. 16 9,760 20,970 100 T o t a l Sp a i n , A c .. Jan . 10 T o ta l sin c e S e p t s 1. 9,129 1,078 3 ,4 0 3 18,508 4 ,2 4 9 54 0 2,209 150 and 1. 08,875 0,856 138,811 Texas...... S a v a n n ’h Ac 10,488 133,010 Mobile..... 68b 14,008 Florida .... So. Carolina 8,8fe0 07,710 7,416 28 No. Carolina 60? 45,007 Virginia.. . 008 North, ports T en n ., Ac.. 6,631 75,044 1,000 18,518 Foreign.... Total...... 49,004 580,382 tx p o rts 1,323 Gr S ep t, N. Orleans... lo.noa 3,2601 S a v a n n a h .......................... C h a r l e s t o n , A c ................ F l o r i d a , A c ....................... w eek. S to ck . 1 9 0 0 -0 1 . H a m b u r g .............c . G h e n t ................... c . A n t w e r p .............. c . M on. T u ts. W ed n es. T h u rs. lY i. 124* 124$ 1 2 i« 124* 12>* 16 16 16 16 16 121* 16 18 18 174* 18 18 IS 18 174fi 174* 1 7 i* 174* 174fl 174* 1 7 »* 174* 174* 19 19 19 19 13 19 13 19 13 13 13 IS 17ki 1 7 1* R e v a l, v i a H u l l . . e . 26 26 26 26 26 26 R e v a l, v i a C a n a l . e . ftt- Pttt.A r«h iirg_ c . _ 32 32 32 32 82 32 28 1 8 *2 1 28 1 8 *3 1 28 28 28 1 8 *2 1 2S B a r o e l o n a ........... c . 28 28 28 G e n o a .................. T r i e s t e .................. c. 1 8 *2 1 28 1 8 *2 1 28 1 8 *2 1 28 Q u o t a t io n s a r e o e n ts p e r 10 0 lbs. THE CHRONICLE January 1 , li)02. | 1 L i v e r p o o l . —By c a b l e from Liverpool w e have the follow* tag statement of the week’s sales, stocks, fto,, at that port. D e c . 13. Ja n . 3 D e c . 20. J a n . 10. 107 D A IL Y OLOBDxO PR ICES OF NO. 2 BPHINO W H E A T IN C H I C A G O . J a n . d e li v e r y In e l e v ....... M a y d e li v e r y In e l e v ....... J u l y d e li v e r y In e l e v ....... S at. 79 83% 82% M on. 80% 84% 83% T u ts. 79% 83% 82% W ed. 80 81% 83% T hun. 79% 83% 83% S r i, 79% 83% 83% Indian corn futures have received a limited amount of atteniion. Early in the week pricts made a fractional ad vance in sympathy with the strength of the wheat market. The improvement, however, was not maintained. Reflecting the freer movement of the crop, the visible supply state ment showed a moderate increase. The supply for corn afloat for European ports also showed a further considerable gain, the exports fr om Danubian and Russian poi ts again being fair ly heavy. The receipts at interior po'nts the past week have shown a slight falling off, and this, coupled with some im The tone of the Liverpool market for spots and futures provement in the distributing demand, has had a tendency eaoh day of the week ending Jan. 10 j^nd the daily closing to check aggies? ive speculative selling. Business in the spot market at the seaboard has been quiet, exporters being prices of spot cotton, have been as follows. light buyers. To-day the market was quiet. The spot mar ket held steady. S a t ’d a y M o n d a y . T u e s d a y . W e d ’d a y . \ T h u r s d ’y F r i d a y . S p o t. S a le s o f t h e w e e k — . . . b a l e s . O f w h lo h e x p o r t e r s t o o k . . . O f w h i c h s p e c u la t o r s t o o k . S a le s A m e r l o a n .......................... A c t u a l e x p o r t ............................ F o r w a r d e d ............................... — T o t a l s to o k — E s t i m a t e d ........... O f w h lo h A m e r l o a n — E s t ’d . T o t a l I m p o r t o f t h e w e e k ------O f w h l a h A m e r l o a n .............. A m o u n t a f l o a t . . . ................— O f w h lo h A m e r l o a n ............... 6 6 ,0 0 0 2,(>00 30 0 6 0 ,0 0 0 1 4 ,0 0 0 1 1 6 ,0 0 0 8 2 8 ,0 0 0 7 4 1 .0 0 0 3 3 8 .0 0 0 2 8 5 .0 0 0 8 1 7 .0 0 0 2 8 1 .0 0 0 5 9 .0 0 0 2 ,1 0 0 3.0 0 0 5 0 .0 0 0 8.0 0 0 8 8 .0 0 0 6 2 0 ,0 0 0 5 5 5 .0 0 0 1 1 6 .0 0 0 1 1 6 ,0 0 0 4 0 4 .0 0 0 3 5 3 .0 0 0 5 1 .0 0 0 1,0 0 0 1 ,0 0 0 4 2 .0 0 0 1 0 .0 0 0 7 1 .0 0 0 5 9 4 .0 0 0 5 0 9 .0 0 0 1 2 7 .0 0 0 9 9 .0 0 0 4 0 3 .0 0 0 3 7 3 .0 0 0 5 4 .0 0 0 2 ,9 0 0 1 ,4 0 0 4 9 .0 0 0 1 5 .0 0 0 7 9 .0 0 0 9 4 3 .0 0 0 8 4 0 .0 0 0 2 0 9 .0 0 0 1 7 5 .0 0 0 3 1 5 .0 0 0 2 7 8 .0 0 0 DAILY GLOBING PRICES OF NO. 2 BOXED OOEN IN N E W M ark et, ) 1 2 :3 0 p . u . J Easter. M i d . U p l ’d s. 4 7ia F u tu ret. M ark et opened. ? ) Steady. Easier. 4 1532 5 ,0 0 0 300 S a le s ....... . Spec. A ex p . Firmer. Moderate Harden'g. demand. 415S2 4 1333 41532 8 ,0 0 0 500 1 0 ,0 0 0 500 1 0 ,0 0 0 500 1 0 ,0 0 0 1 ,0 0 0 41739 1 0 .0 0 0 1,5 0 0 Easy at Steady at Steady s t 3-04 de 2-84 @ 3-04 2-04 @ 3-04 advance. advance. cline. Firm at Steady at Firm at 4 pts. 2 pts. Pt. decline. advance. advanoe. Steady at Steady at Qnlet at 2-64 ad 1-04 @ 2-64 6-64 dedecline. ollne. vance. Steady at Q’t&st’dy Steady at 4@4% pts. 1%@2 pts. 1 H Pts. decline. advance. decltne C a s h c o m f. o. b .............. M a y d e li v e r y In e l e v ....... J u ly d e li v e r y in e l e v ....... DAILY CLOSING PRIOBS J a n . d e li v e r y in © l e v , . . . . M a y d e li v e r y In e l e v . ____ J u l y d e li v e r y in e l e v ........ S e p t , d e li v e r y i n e l e v ____ W ed. 71% 71% 70% T u es. 71% 71% 70% S at. 71% 71% 70% M on . 72% 73 71% OF NO. S a t. 61% 67% 66% ....... 2 MIXED CORN M on. T u et. 64% 64 67% 67% 66% 67% 65% 66% YOKE. T hun. 70% 70% 69% S r i. 70% 70% 69% IN CH ICAGO W ed. 63% 67% 66% 65% T hun. 63% 66% 65% 65 F r i. 63 66% 66 64% Oats for future delivery at the Western market have been more active and firmer. A prominent speculative interest M a rk e t, \ has been reported a free buyer of July contracts in the Chi 4 P .M . J cago market, and this demand has forced prices upward. The prices of futures at Liverpool for eaoh day are given The movement of the crop has been moderate and ad below, Prices are on the basis of Uplands, Good Ordinary vices from the interior markets have reported an active clause,unless otherwise stated. cash demand. Locally the spot market has been less active t y T h e p r i c e t a r e g i v e n i n p e n c e a n d 6 4 t h e . T h u t : 3 63 m e a n t but firm. To-day the market was without important 3 6 3 -6 4(1.. a n d 4 01 m e a n t 4 l - 6 4 d . changes. S a t. m en . T n e «, Ja n . 4 J a n . 6. Jan Ja n . 12i* r. J a n u a r y ____ J a n . - F e b ____ F e b .-M c h ..., M c h .-A p r ... A p r il-M a y ... M a y -J u n e ... J u n e - J u ly . .. J u ly -A u g ... A u g .-S e p t ... T h n rs. W ed . m . d. 4 24 4 23 4 23 4 23 4 23 4 23 4 32 4 23 4 20 7. 8. F r i. J a n . 9. J a n . 10. 1 12*9 4 12% 4 12% 4 12% 4 1 2 % 4 P.M. P.M. P.M. P. M P.M. P.M. P.M. P.M P.M, P.M. P.M. d. 4 24 4 23 4 23 4 23 4 23 4 24 4 24 4 £4 4 21 d. 4 25 4 25 4 24 4 24 4 25 4 25 4 25 4 25 4 21 d 4 26 4 25 4 25 4 25 4 25 4 25 4 25 4 25 4 22 d. 4 25 4 24 4 24 4 24 4 24 4 24 4 24 4 24 4 21 d. i 24 4 24 4 *3 4 23 4 24 4 24 4 24 4 24 4 20 d. 4 20 4 20 4 20 4 20 4 20 4 20 4 20 4 20 4 17 d. 4 23 4 23 4 22 4 22 4 23 4 23 4 23 4 23 4 20 d. 4 25 4 25 4 24 4 24 4 25 4 23 4 25 4 25 4 22 d. 4 27 4 27 4 26 4 26 4 27 4 27 4 27 4 27 4 24 d. 4 30 4 30 4 29 4 29 4 30 4 30 4 30 4 30 4 26 4 18 d. 4 29 4 29 4 28 4 28 4 29 4 29 4 29 4 29 4 25 4 17 O ftt*.N o Y ___ N o v . - D e e . .. The market for jute bagging continued dull during the week under review at un changed prices, the close to-night being at 5%c. for \ % lbs. and 5%c. for 2 lbs., standard grades. Car lots of standard brands are quoted at 5%@6c., f. o. b., according to quality. Jute butts very quiet at 1%@1% c. for paper, quality and 2%@2%c. for bagging quality. J u t e B u t t s , B a g g i n g , & c .— BREADSTUFFS. Jan. 10, 1902. A larger volume of business has been transacted in the market tor wheat flour. The continued upward course to values for the grain has had a stimulating influence upon buyers and they have placed fair orders for both spring and winter-wheat flours; prices have been gradually hardening. City mills have been in faixly active demand. Advices received from Minneapolis report the first export sales of importance for some time past. Rye flour has had a fair sale at full values. Buckwheat flour has been firmly held. Corn meal has been dull but steady. Speculation in wheat for future delivery has been on a more extensive scale and the upward tendency to prices has continued. Buying for investment account for outside specu lative interests nas been fairly liberal and this demand has been important in carrying prices upward. The American visible supply showed a small decrease for the week, but this was offset by a material increase in the supply of wheat afloat for Europe. The movement of the spring-wheat crop during the week has been fairly full, but on the other hand the receipts of winter wheat have been light, with the result that the winter-wheat markets have shown the greatest strength and have been the leaders in the advance in prices. Not only has the movement of the winter-wheat crop been light, but weather conditions in the winter-wheat belt have been reported not favorable for the new crop. Foreign mar kets have been firmer, following the advance in the Ameri can mai ket. Business in the spot market has h t en quiet, exporters still keeping out of the market, although it is claimed by some that they will soon have to begin buying. To-day there was a quiet but steady market. Exporters were reported showing slightly more interest in the spot market. F r id a y , D A IL Y OLOSINO PRICKS O F SO . 2 HKD W INT K K W1IHAT IN N K W V O K K . T h an . F r i. T u ts. W ed. H a l. M on. 90% 90% (J a «b wheat f. o. b ......... 90% 90% 89% 91% 89% 89% 89% March d e li v e r y In e l e v . .. 8 3 % 81% 88% 88% 88% M a y d e li v e r y in elev...... 89% 88% 87% 88% 88% 88% J u l y d e li v e r y In e le v ....... 87% 87% 88% D A IL Y GLOBING PRIOBS OF OATS IN N E W Y O R K . S a t. M on. T u es. W ed. T h u n . 52% 53 53 53 53 NO. 3 m i x e d in e l e v . . . . . . 55% 55% 55 N o . 2 w h i t e i n e l e v --------55 55% F r i.. 53 55 D A IL Y CLOSING PR IOBS O F NO. S a t. M a y d e li v e r y in e l e v . . . . 4 6 % J u l y d e li v e r y I n e l e v . . . . 40 S e p t, d e li v e r y in e l e v . . . . F r i. 46% 41% 33% .— . 2 M IX B D OATS IN C H I C A G O M on. T u et. W ed. Ih u rs. 46% 46% 46% 46% 40% 40% 41% 41% 33% 33% 83% 33% Following are the closing quotations: FLOUR. F i n e ., o .o .„ S u p e r fin e , E x tra, N e , 3 ,. . . . . E x tra, N o, £ N o m in a l. P a t e n t , w i n t e r ____$ 3 9 0 © 4 N o m i n a l. C it y m ills , p a t e n t . 4 3 5 © 4 3 10 ® 3 £ 0 R y e flo u r ,s u p e r f in e 3 2 5 © 3 3 30 © 3 40 B u c k w h e a t flo u r.. 2 25 © 2 0Iears...a.M2Qs«sa^« 8 35 ® 3 7 0 C o r n m e a l— S t r a i g h t s .. to*aaz) o*o 3 7 5 « 4 10 W e s t e r n ,e t c ..... 8 60 © 3 P a te n t, s p r i n g . . . 4 10 © 4 85 B r a n d y w in e . . . . 3 75 ©3 ( W h e a t f lo u i- in c a s k s s e lls a t p r i c e s b e l o w t h o s e f o r b a r r e l s . ) 40 95 75 30 70 80 GRAIN. W h eat, p e r b u sh — H a r d D u lu t h , N j 1 N ’t h e r n D u L , N o . l R e d w in t e r , N o . 2 H a r d N . Y . N o . 2. O a t s — M i x ’d ,p .b u s h . W h i t e ...................... N o. 2 m ix e d .. . . . . . N o . 2 w h i t e ............. c. e. N o m in a l. 8?% ®89% 89% ©90% 86 © 8 7 % 52 © 5 4 54 ® 5 8 is 53 © 5 4 55 © 5 6 C o m , p e r b u s h .— e. a. W e s t e r n m i x e d ............ 6 8 % © 7 0 % N o . 2 m i x e d . . . . ......... 6 9 © 7 0 % W e s t e r n y e l l o w . . .......7 3 % © 7 5 % W e ste rn w h it e ........7 3 % ® 7 5 % R ye, per bush— W e s t e r n . ............... . . . . . 7 0 ©73 S tate a n d J e r s e y . . . . . . 72 © 7 3 B a r le y — W e s t e r n .. . .. . ..6 8 ©74 F e e d i n g ...........................6 0 ©65 The movement of breadstuffs to market as indicated in the statements below is 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. 4, and since Aug. 1, for each of the last three years have been: l e e e i v t t a t— S 'lo u r . W h ea t. C orn Oasts. B a r ie v - if a. 3 b l s .l M I .h i B w h . a o i b f B u t h .b ft lh : B u s h .W l b ; B m h . i B l b ; BOG.00 lb s . 294.683 J h isago ...... 402,075 988,773 1,083,010 321,850 77,225 kill w a n k e e .. *9,046 92,000 47,200 145,000 222,950 30,800 j a l n t h ....... 432 859 IQ 477 4 2,172,130 M inneapolis. 181,000 139,700 60.120 19,000 39,999 T o ledo ........ 750 198,199 54,698 470 7,140 30,22 D e t r o it ...... 86,223 103,?on 5 800 C le v e la n d .. 23,802 18 418 158,K 8 122,128 St. Lottie ... 02,249 46,885 885,28c. 480.000 0O.OCO 3,000 P e o r ia .......... 40,300 20,700 703,600 211,900 70,800 1,400 Kansas City. 1*8,800 042,400 139,200 .... M T ot.W k .i9t2 Sam e w k .’S l Same wk. 00 f l in t s A u i . l . 1901-02......... 1900.01......... 1899-00......... 415,521 804,341 312,974 3,490,494 2,902,707 2,749,803 3,013,848 4,292,477 8,780,668 764.045 708,431 821,387 2,450,008 2,876,884 2,472,405 10,500,087 157,428,440 80,195,243 74,402,915 0,082,209 130,323,020 96,310,444 80.598,000 9,124,391 120.181,740 102,352,806 83,318,607 148,494 81,680 102,987 29,802,145 3,662,039 28,877,988 8,805,96* 24,067,277 8,040,55T The receipts of flour and grain at the seaboard ports for the week ended Jan. 4, 1902, follow: „ , R e c e ip t s a t— F lo u r , b b ls . .■law Xork............. 180,113 SOStOU,.............. 54,071 Montreal..,.......... 4,127 Philadelphia.......... 90,220 Baltimore.............. 72,088 aiohmond............. 2,178 (lew O rlenng* ........ 9,548 Newport New*....... 50,721 Norfolk................. 28,840 Galveston......................... Portland, Me.......... 10,214 St.John, N .B -...... 6,958 T o ta l w eek......... W e e k 1901............... W tH a t, b u th . (115,800 688,644 8,MO 122,81b 52,839 10,714 72,000 40,000 . .... 87,100 *31,394 72,000 C orn , b u th . b .ilO O O 88.780 O at*, bu sh . 498,500 168,581 18,382 0:i,v32 41,579 29,220 B u r le y bu sh . fill*. b u sk. 62,800 4,675 600 ......... 1,200 ..................... 03.171 9,800 4,950 114.147 ......... 10,600 38,330 ................. 82,010 28,226 ..................... 04,286 .................................... ................................................... ...................... ............................ ...................... ...... ......... . ................................................. . 618,673 1.791,219 488.808 831,099 389,1*0 2,248,010 6,216.9*4 1,121,804 82,900 107,198 20,037 29,088 108 [V l lxxiv. o. THE CHRONICLE Total receipts at porta from Jan. 1 to Jan 4 compare as follows for four years: 10 32 10. 91 10. 90 19. 89 MotifsU O j— __6 1 . 6 3 7 63 1 ,6 3 39 2 8 ,0 0 2 06 4 0 7 034 2 ,0 0 b U ........ O tiv ,7 1 9 2 4 ,0 0 ,2 3 1 90 0 6 ,4 7 3.011829 Whom................. ...bush. 1 8 ,*1 4*8,808 8 7 ,8 4 ,4 7 6 6 1 ,9 4 ,2 5 2 3 8 ,7 9 ,7 2 7 Ceru................... 81 9 3 ,0 3 1 2 ,8 4 ,1 4 0 1 0 ,0 7 ,3 3 1 1 7 ,7 6 ,3 6 9 Gats..................... .. " 0 ,9 0 20 26 0 4 ,8 9 17 0 0 ,4 2 30 1 1 ,8 7 32 5 5 ,4 3 ... “ 3 ,0 7 0 3 2 ,0 8 9 3 8 ,3 0 4 9 Bye.... ........ 3 8 ,7 8 .1 4 1 6,3:0,248 0 8 ,4 8 ,8 3 0 Total ,. ... “ 8 8 .8 3 ,7 0 0 The exports from the several seaboard ports for the week ending Jan. 4, 1003, are shown in the annexed statement: uats, its*, Pern. Sarlet W heat Corn, -flour, bbU bath oush. bush h«»*. J n orts iram- bush hw busk a#w 'Sork 1 7 U0 1 ,1 6 8 ,3 8 1 ,2 7 ....... 1 08 1 3 1 6 ,7 3 1 ,6 4 7 3 80 2 1 ao«tO H ..... 8 3 1 1 ,3 7 88 ,8 0 8 ,8 8 10,811 ............... 8 ,0 0 2 6 Portland, SIS. »3I,BW ........ 0 PSallidolplUA*. 1 2 0 7 ,1 3 37,1 0 6 ,0 0 7 1 io 3 0 Baltimore .... 1 8 0 0 ,M0 2 ,3 1 2 .0 0 1 0 ,630 .......... ....... Saw Qflsan*.. 111.000 1 ,8 0 23 11 ,8 6 2 ,8 0 8 4 Norfolk........... • -• ... .... 0 2 Sawo'rt New* 1 ,0 0 0 ,3 6 6 ,7 1 0 0 4 8 71 1 Oal»e»toxi 3 .0 0 ....— 3 0 6 5 ,3 3 St. john.N.B. 7 ,0 0 ........ 2 0 1 0 7 8 ,2 3 8 7 ,5 6 4 ,3 8 2 ,7 7 ........ 2 ,7 3 1 ,6 4 1 7 Total week . 1 6 ,8 1 2 0 3 2 2 0 7 .0 1 2 ,0 7 8 ,898 7 ,0 1 1 6 3 0 6 0 ,8 8 garni time*0 8 0 7 3 6 6 ,2 2 3 1 7 4 4 0 1 3 ,6 8 ,3 4 0 The destination of these exports for the week and since July 1, 1901, is as below: • --- -— r.------v ,----- Wheat.----- , . — C m,------ , — FIow — o W eek Since July W eek Since July W E asports for eek Since Jutu , 03 1 10. , 91 , 91 Jan. 4 1 1 0 . w a n since Jan. 4 X 1 0 . eek / S bush. bL. bs bbls. bush. bush. bush. July 1to— 7 ,0 7 ,4 7 6 ,0 8 3 8 0 ,9 7 3 Omrea tC gdoiiu 1 7 0 6 0 ,1 4 1 7 ,7 0 80,4)0,216 2 99 3 0 7 ,1 0 m 4 d 1 2 ,3 d l,tJ O ,0 8 9 1 9 6 4 ,8 2 4 7 .1 3 7 4 .6 2 8 1 ,1 5 ,8 5 0 .4 0 ,0 8 2 0 ,0 0 6 ,0 0 0 6 5 0 84 0 7 .1 0 3, &0. America ■ 0 77 8 8 0 1 ,6 8 0 2 4 54 0 ,8 9 5 0 1 ,3 7 5 3 1 0 7 3 7 2 8 ,3 6 8 2 90 6 0 ,3 6 9 8 ,3 3 1 1 6 ir,M.Am Colo'i 7 ,7 2 06 18 1 2 10 8 9 ,4 3 87 ,4 4 1 8 2 7 ,1 1 Jtfcar oountrie* 2 2 0 8 1 ,0 0 1 5 ,8 1 8 ,6 9 7 2 0 8 20 0 ,3 4 4 ,8 3 ,4 3 0 ,2 3 8 7 5 ,8 6 7 ,6 6 ,3 3 4 7 ,0 1 ,6 6 0 ,0 7 0 4 7 ,0 0 ,3 4 6 8 4 ,6 2 Total 1301-02.... 3 1 7 8 9 ,4 0 2 8 ,5 8 7 ,6 1 0 6 6 ,2 2 7 ,0 8 4 The visible supply of grain, comprising the stocks in granary at the principal points of accumulation at lake and seaboard ports, Jan. 4, 1902, was as follows: W h-Mt, Oats, Dorn, Hv», busk. bush. bush. bush, bus>. In Store 41S l.d e O O . 4 8 ,0 0 ,2 3 0 1 7 ,0 0 ,0 7 0 0 ,0 0 5 0 16 0 0 ,0 0 1 ,0 0 20 Do afloat... . 1 6 ,0 0 ,7 8 0 50 0 0 ,0 0 0 ,0 0 1 0 SOitOffi............ . 38.60 0 2 ,0 0 7 ,0 0 8 0 7 0 ,0 0 Pkilaflelpkla-------- - . 9 5 0 70 0 8 ,0 0 18 0 1 ,0 0 45 0 1 ,0 0 88,00 0 Baltimore.......... 40 0 ,0 New Orleans...... . 68 ,00 , 0 0 1 0 (Salveefcon 3 ,0 0 7 0 9 0 ,0 0 14 0 7 ,0 0 2 .0 0 2 0 7 ,0 1 10 3 ,0 0 3 0 • • •> 4 ,0 0 36 74 0 3 .0 0 . 0 5 ,0 0 .7 1 0 80 0 6 ,0 0 3 b 1 oo 1 9 ,0 0 ,2 3 0 . 1 7 ,0 0 ,0 4 0 8 ,0 0 4 0 Do afloat.. 2 ,0 80 x0 84 0 2 ,0 0 742,0 0 ® 23 0 5 ,0 0 1 0 ,0 0 Toledo .. Do afloat.. 0 0 ,0 0 86 0 4 ,0 0 4 .0 C 29 15 0 0 ,0 0 185 0 ,0 6 Do afloat. , 6 6 ,0 0 ,7 6 0 0 1 ft 8 ,0 4 7 ,0 0 ,8 0 0 81 0 8 ,0 0 18 O 4 ,OC 47 0 1 ,0 0 7 ,0 0 7 0 Do afloat. 46 0. 1 .0 1 10 0 8 ,0 0 4 ,0 0 7 0 18 0 4 ,0 0 8 ,0 0 1 0 Milwaukee...... Do afloat. ir 2 8 ,0 0 ,7 9 0 . 9 4 ,o < ,8 0 o 37 0 6 ,0 0 21 0 8 ,0 ' 13 0 6 ,0 0 41 0 4 ,0 0 61 0 1 ,0 0 Do afloat. 1 ,2 8 rn 5 5 ,u 14 0 0 .0 1 83 0 5 ,0 0 25 0 0 .0 ft 70,000 M innas 2 4 ,0 0 ,9 8 0 1 8 ,0 0 ,1 7 0 3 0 ,0 ! 4 ,0 0 3 0 13 0 1 ,0 0 Do afloat. 6 ,0 0 40 0 1 7 ,0 0 ,7 9 0 11 0 9 ,0 0 83 0 0 ,0 0 28 0 0 ,0 0 2 ,0 0 3 0 2 10,000 Feoria....... 2 ,0 0 76 0 7 ,0 0 90 6 ,0 0 3 0 2x O O Im dtanapoll*. On Lakes............ 4 ,0 0 00 '8 0 ,0 0 5 ,0 0 0 0 13 0 1 ,0 0 3 ,0 0 7 0 On exaal and rlfer. 580 9 0 2 .0 0 1 ,7 3 0 1 0 ,0 0 6 0 ,0 0 2 8 ,0 0 2 2 ,0 0 ,0 3 0 ,8 4 0 ,3 1 0 6 .3 8 0 8 4 ,0 0 1 ,2 2 0 1 5 ,0 0 5 6 ,0 0 3 8 ,0 0 2 6 ,0 0 ,2 6 0 ,4 3 0 ,4 1 0 0 ,2 1 0 1 3 ,0 0 1 ,4 0 0 ,4 3 0 0 2 ,0 0 9 8 ,0 0 1 0 ,0 0 2 8 ,0 0 ,2 6 0 ,8 8 0 5 ,8 2 0 7 9 ,0 0 1 ,8 3 0 ,2 0 0 2 1 ,0 0 5 6 ,0 0 1 1 ,0 0 2 1 ,0 6 ,3 1 0 .3 1 0 2 ,8 8 0 7 5 ,0 0 2 ,0 5 0 ,0 5 0 0 3 ,0 0 6 03 0 1 8 .0 0 4 2 ,0 0 ,4 ,00 ,3 6 0 TH E DRY GOODS also been quiet. The dress goods division is waiting for the opening of new fall lines, and meanwhile orders for quick delivery of spring fabrics are of indifferent extent. Staples are steady, bat fancies irregular. For flannels and blankets there has been a moderate demand at previous prices. Domestic Cotton G oods.—The exports o f cotton goods from this port fo r the week ending Jan. 6 were 8,851 packages, valued at $167,598, their destination being to the points specified in the tables b e lo w : New Y oejk to ! W eek. S in c e J a n . 12 56 758 1,325 383 384 49 146 501 237 758 1,325 383 384 49 146 501 237 Total..______________ 3,851 1901. I. W eeA, 12 56 Great Britain__ ............ Other European..... . Gill iia.... ......... ...»....... . India......... ........ .......... . Arabia___ ____________ _ Alrloa................... ........ West Indies......... ......... . Mexico____ ____ . . . . ___ _ Central America,........... . Sontli America_____ ....... Other Countries_____ ..... 3,851 S in c e J a n . f | 47 5 | 14 695 15 288 3,291 72 14 695 15 288 3,291 72 4,427 1 47 4,427 6 The value of tne N ew Yorh exports since Jan. 1 to date has been $167,598 in 1902, against $198,346 in 1901. A number of bids for heavy brown cottons on China ac count have been reported this week, but nearly all o f them at lower prices than sellers would accept. A small business has been done at the latters’ full limits. Home buyers of all kinds have operated indifferently, but have paid previous prices. Business in the bleached goods division has been slow in all grades, but short ready supplies keep prices steady. For ducks and brown osnabargs the demand has been quiet but prices firm. Wide sheetings are in limited request, but well sold up. Denims, ticks, plaids, cheviots and other coarse, colored cottons are still in good shape from the seller’s point of view, although the demand continues quiet, and prices rule firm throughout. A moderate amount of business has been reported in staple and fancy prints, the market for these continuing quite steady. A ll descriptions of ginghams are firm and in limited supply. The demand for both regular and odd print cloths has been indifferent at previous prices; regulars firm at 3c. per yard. F oreign D r y G oods.—I n some quarters an improved demand is reported for fine sheer goods for spring in dress fabrics and a moderate demand for fa ll lines at full prices. Silks have been in good demand and very firm, Ribbons are quiet but firm. Linens continue in limited supply at fu ll prices. Burlaps are steady, but business light. Im portations and W arehouse W ith d ra w a ls o f D ry Goods The importations and warehouse withdrawals of dry goods at this port for the week ending Jan. 9, 1902, and since January 1, 1902, and for the corresponding periods of last year are as follows: S i.S fs g g js s se gsm i Si ; ; o b TRADE, * 'aowtsww Ho5C C O i. o D5 l ® C S sa*. u 78,252 145,318 129,326 48,665 | 58,267 tO ; M < ]» & D 3 5 £. > taw C 00►C <5 O if*If* to m CQ G3 <105 frQ O O 05 l |jk V i c <> © Otototo n£ C i Oi© G ©MM Ji J { Oto I fO crcdo sD O o C * J i HOI OCSvIH*-1 < < 5 CO-I 3 © C D 00 M OP If* <D fc O © CO 03 I* Ot «#“ < a b M CO © 00 © to w o i a &o < j © © © H O O J O iC fi fcO i m M CD © CH© 00® co© M M M M CO 0 * 0 0 ? © © CW © © C O b b n H 'K ! <DC« 0 0 © © <8 if* C K © C J1 C 0 M C D © fe O O «C o fcOlf* © y If* CO CO W W ^ l O t < i< ia * < & © -e t o t o w c e © CD CD M <i e o b CO if* CO If* © © ip .0 0 C O -J t P r -* M tO tO H < 3 < 3 0 M CD CO 00 00 CO <3 <100 coco © © 0 0 0 0 tf* O l< £ > ® < J W to t-o o t to co © CJl © a S* hi “ o K J -h o ct s to §| II §4 « ft i & > M © Ol © © 00 & <3 » to if* C C D O C if* O CO© 00 ©QO © <1 C O Di v3 to C O p Id © W b» © at to C O O J to <! to © to © H C D C O If* o to © 00 to © C oo O 00 Oi O il.© w C O W ta <sl-* HH H ^ »H < IC K fM if* © © m #* x Ct © s* J Ot © O0<! C O © oo to if* C O ©M © to o © © if*if*© M © CO© C Ot © O C R s S 0 O if. 10 to «Dif© H N -* !«# . ' « to if* to to oo co <i © © M CD© to C C OD COH COM 3 IP J 0 If* 00 CO-3 M o <100 © C O -1 © M C O © 00 C C G C R O O O G ^ tO 00 If* O it. <ffl in W l gs : a s I | S « i B « g i i B t * 0 E I 3 s s » j t t * S 7 0 M H* at cji a © © tDGOll^COCR © © C Is*)^*3 O ? ©©CR© 0 K O k <| f* O t* f i l i a £ h g "! l i t * j * ; j ; S © 1 "i o s cn OI C M O to QOOCOHH M W O tJ lO K I » t g g 9 p H fo £ » g 5 | ^ 5 O ®: i ; p Oj ■ i ; H ; s a m & * 10,163 459,828 14,261 2,293,389 N e w Y o rk , F r id a y , P, M „ Jan. 10, 1902. There have been no developments in the cotton goods di vision of the market this week pointing to a resumption of business on the part of buyers beyond attention to their posi tive requirements. This time of the year is usually a dull one, and the weakness of raw cotton in the early part of the week has helped to keep the market in a decidedly quiet con dition, The remarkable feature in the situation is the fact that neither slow demand nor declining cotton appears to have any effect upon the attitude of sellers, and so far as they are concerned, the market is no worse than a week ago, In no direction is there any pressure to sell noticeable, while there have been repeated instances daring the week of sellers declining bids which have not oome fully up to their asking limits. There is a general impression that buying w ill broaden and that raw cotton w ill harden, and the present condition in cotton goods is such that it allows sellers to wait without undue anxiety to see if this impression is correct or not. W oolen G oods,—N ew lines of woolen and worsted suit ings, etc., in heavy-weights for next fall have been opened this week and, as a rule they show an advance on the opening prices of a year ago, although in some instances they are not as high as interim prices, The new displays show a considerable diversion of production, so that comparisons with a year ago are not as valuable as they might otherwise be. Buyers have not placed their orders with any degree of freedom so far, and are evidently waiting for the market to widen with the opening of other lines, particularly in the finer grades of goods. The demand for overcoatings has been quiet this week, and in some quarters there are complaints of cancellations of early orders. Business in cloakings has 1902. Jan. 6. M & w w o d 0 3 fei © i i ia l i T 1 s i ' i > 1 C © to p O © M O S D 00 CD©M©CJ< to to MtO^D©tO <o ©CR©OibO C ^MGO w © p - s e O C O © © 05tOM •O J o M e to w © > to C O i> 00 d (If H If* P b S 5 c» ^ O O s * r-e <D C O a o | s <3 M © a H M C R X 00 C O w Id w M N © <500 C if* M O © V b tO Q <3 M O h **<3 C O ^MM C © © if*> f* 0 s ft1 I s * ^ T} ? ?■ ? s» © C O K > M v COtOtOl^M go © © © 9B g M is s S © © *0 s ^ bonbeu M C to Oi © J» H H O lG lM © 00 if* 00 © ia H B © -4 ip. ® t 1X) ©oocobo© OS' S ' 3 © © © * f *00 M H M <3 -4 H 5 03B IO S COM M M HlS «s & phi M b . < 0 % to b c o to to M it*to ot ©1 * W If. C © © to © O C O C O MtOCOM C M MMC D O O © <| o to O lo coes ' JM © <1 If*© M C M O $ 00 o so to to ot e i o to s1 2 MM C O NJCX o *0 C O <5 M <1 <» © O to . ' • ■— 5 >^ io ® ti' a- to ,v ® ot' M Vs: © M THK J a n u a r y 11, 1002. | S tate awb M U N IC IP A L C ity BOND AND jje p a b t m e w t . SALES THE CHKONICLK IN DECEMBER 1901. YEAR The aggregate of municipal bonds put out during the year 1901 was large and has only been exceeded in amount in two other years, namely in 1900 when the sales were $145,733,062, and in 1897 when $137,984,004 of new bonds were marketed. From the table given below it will be seen that $131,549,300 of such bonds were placed, of which over 29 millions were bonds sold publicly by the city of New York. In reaching this total we have followed our usual cus tom and eliminated temporary loans, as well as bonds emitted by various cities in the American colonies, the negotiation of which has been recorded from time to time in these columns. The temporary loans foot up many millions in the course of a year, but as they are usually taken up again within a short time after their issue, they obviously do not belong in the list. Prices obtained at the various sales in the early days of the year were high, but in February and March condi tions changed and quotations fell off; since then the situation has varied but little. We append herewith a table showing the monthly totals of sales for the past five years. TOTAL MUNICIPAL BOND SALES BY MONTHS. 1901. 1900. * 9,240,864 20,374,320 5,137,411 4,221,249 10,432,241 8,880,735 9,298,268 14.157,809 14,562,340 9,623,264 13,468,098 19,670,126 8,262,495 8,104,043 15,430,390 7,112,834 14,408,056 4,033,899 9,779,197 16,421,185 6,889,144 9,956,685 15,456,958 22,160,761 $ January............... February ............ March................. April.................. May.............. — . June................... July................... August................ September........... October............... November............ December............ 1899. $ 6,075,957 7,038,318 5,507,311 7,477,406 7,897,642 29,348,742 18,613,958 5,865,610 7,201,593 9,314,854 8,790,489 4,981,225 1898. $ 8,147.893 9,308,489 6,309,351 3,570,963 7,036[926 9,704,925 7,868,563 25,029,784 6,173,666 4,906,607 7,721,284 7,306,343 1897. * 10,405,776 12,676,477 12,488,809 13,060,323 8,258,927 16,385,005 17,389,859 6,449,536 9,272,691 6,872,293 6,868,775 17,855,473 Grand total ...... 131,519,300 145,733,062 118,113,005 103,084,793 137,984,004 Average per mo’th. 10,962,441 12,144,422 9,842,750 8,590,369 11,498,667 As will be seen from the above, the disposals during the month of December, 1901, reached $15,456,958, being nearly 3f millions larger than the average of December for the previous nine years, but some what less than the totals for December of the years 1900, 1897 and 1893. New York City, as is frequently the case, contrib uted a large portion of the month's total. This city on December 12 disposed of $7,891,000 3£ per cent cor porate stock to Kuhn, Loeb & Co. and Farson, Leach & Co., New York, on a 3 222 per cent basis. The city of Baltimore on December 23 sold $1,000,000 3$ per cent bonds on a 3’017 per cent basis, the pur chasers being a syndicate composed of Hambleton & Co., Baltimore, and Dick Bros. & Co. and Kountze Bros, of New York City. Oa December 18 the city of Newark, N. J , placed $800,000 3£ per cent bonds on a basis of 3*174 per cent and Gloucester, Mass., put out on December 12 $780,000 3£ per cent bonds on a basiB of 3 234 per cent. In the following table we give the prices which were paid for December loans to the amount of $14,563,222, Issued by 103 municipalities. The aggregate of sales for which no price has been reported is $893,736, and the total bond sales for the month $15,456,958. In the case of each loan reference is made to the page of the Chronicle where a full account of sale is given. Dbcembkk P age L o c a tio n K a te. 1 3 71 . .A k r o n , O h io ................... 5 5 1 3 71 . A k r o n , O h io ................... 1 3 7 1 . A k r o n , O h io ................... 5 Bond Saleh . M a tu r ity . 1902-1004, 1 9 0 2 -1 9 0 4 19 02 1904 A m o u n t. $900 1 ,0 0 0 1 ,10 0 P r ic e . 1 0 0 33 100 205 100 272 109 P an e. L o c a tio n . H a le . 1371 . .A k r o n , O h io (3 issu e s) 5 1 8 72 .. A lle n t o w n , P a ............ 3 1 3 2 5 .. A n n A r b o r , M ic h ..... 4 5 8 .. A th o l ( I d a .) Soh. D ls t. N o . 0 4 .......................... 6 3*1! 110 . A t la n t a , ( l a ................. 4 1 8 25 . A t la n t ic C it y , N. .1 .... 1 8 2 5 .. A t la n t ic C ity , N . J _ 4 5 8 .. Auburn, Me....... 38i 3*n 1372 B a ltim o r e , M d ............ M a tu r ity . 11907-1,982 1911 1931 1921 1906 1922 1952 A m o u n t. P r ic e . $ 5 ,0 0 0 100 60 2 2 ,0 0 0 102-853 1,761 100 1,00 0 41 8 ,0 0 0 13 5,00 0 16,000 15,000 1,00 0,00 0 101 30 100 1 104-57 ( 10711 112*425 58.. Barrett (Cal.) School 6 1 9 0 7 -1 9 2 2 I >lst. „ — ................ 3-4 9 5 1 9 0 3 -1 9 1 8 11 1 . B e lo it, W I h ................... 1 8 7 2 .. B e n t o n C o ., In d . (4 ls1 9 0 3 -1 9 0 8 HU6B)....................... 6 11912-1922 5 1 3 2 5 .. BolHe, Id a h o ............. 4 1921 1 2 7 5 . B r is t o l, T enn , 1921 1372. B u r a s ( L a . ) L e v e e Die. 6 111. B u r li n g t o n , N . J ......... 4 1911 4 ,50 0 8 .80 0 1 0 9-559 100 5 0 ,9 0 0 9 0 ,0 0 0 2 0 ,0 0 0 5,000 108-57 1 0 4-722 100 100 3 ,50 0 j 7 ,00 0 108*714 1 2 26 . C a m e ro n , W . V a ......... 6 3 0 ,0 0 0 ) 1 9 0 7 -1 9 1 4 4 1 2 7 5 . C h a r lo t t e , M ic h .......... 90 ,0 0 0 ;• 102-67 19 15 -1 9 1 8 1275. C h a rlo tt e , M ic h .......... 4 1 5 ,0 0 0 1 0 0 -5 0 58. C h e s te r . I l l ................... 4 Soh. 1 3 25 . C in c in n a t i (O .) 3 0 ,0 0 0 100 tl9 1 0 -1 9 4 0 D ie t .............................. 3 1 9 0 3 -1 9 0 7 1.5,000 IO O 4 1 3 7 2 . C lin to n , M a s s ....... .. 4 2 ,0 0 0 100 t l 9 0 5 - i 911 1 2 75 . C o lu m b u s , O . (2 is s u ’s) 4 1,300 101-961 1 9 0 3 -1 9 0 9 1 3 72 . C o sh o c to n , O h io .......... 4*2 7 5 ,0 0 0 100 4 1942 11 1 . D a lla s , T e x a s .............. 11912-1922 2 5 0 ,0 0 0 101-05 4 1 3 26 . D a v i d s o n C o ., T e n n ... 7 5 ,0 0 0 1 0 8-50 1 9 0 3 -1 9 1 7 1326. D e la w a r e , O h io ............ 5 1 5 ,0 0 0 100 11 9 07 -19 22 11 1 . D o n ip h a n , M o .............. 5 6 0 ,0 0 0 1 0 2 0 8 tl9 0 6 -1 9 3 1 1226. D o v e r , N . J . , ................ 4 1275. E a s t C le v e la n d T w p . 2 0 ,0 0 0 1 0 1 0 5 1 9 0 3 -1 9 2 2 4 (O ) 8ch. D i e t ............ 1 3 2 6 .. E a s t O r a n g e , N . J . (2 4 1 ,0 0 0 1 0 6*13 19 02 -1 9 1 1 is s u e s )........................... 5 t 1917-1922 5 0 ,0 00 108 2 0 1 3 7 2 .. E a s t L iv e r p o o l, O h io . 5 2 0 ,0 0 0 103 63 1 9 03 -19 08 5 1 8 2 6 .. E y r la , O h io ............. 3 ,7 5 0 106-P0 1 9 0 3 -1 9 0 8 1 3 2 6 .. E ly r ia . O. (2 I s s u e s ).. 6 2 7 ,9 9 9 1 0 4-889 19 02 -1 9 1 1 1 3 2 6 .. E v a n s t o n , O h i o ....... 5 5 8 .. F a i r O a k s (C a l.) Soh. 5 ,90 0 105*085 1 9 0 8 -1 9 1 7 D i s t ............................. 5 3 0 ,0 0 0 1 0 1-69 1911 5 8 .. F a ll R i v e r , M a s s . 3*0 4 2 ,0 0 0 125 1 9 32 5 8 .. F a r m in g t o n , [M e . 5 5 0 ,0 0 0 100 (1 9 1 2 -1 9 2 2 1 1 1 .. F e r g u s C o ., M o n t . 4*4 1372 . . F ift h L o u is ia n a L e v e e 11942-1952 1 7 5 ,0 0 0 1 0 9 -2 5 D i e t . . ........................... 5 11 ,000 IC O 1902 -19 11 1 3 2 6 .. F it c h b u r g , M a s s ....... 3 ia 8 ,0 0 0 100 19 02 -1 9 1 1 1 3 2 6 .. F it c h b u r g , M a s s . . . . . . . 3*4 1 9 0 2 -1 9 0 6 1 ,50 0 100 1 3 2 6 .. F it c h b u r g . M a s s ........ 3*9 40 ,000 {1 0 4 -3 7 5 11 9 22 -19 42 1 3 2 6 .. F lo r e n c e , 8. C .......... 5 1 2 ,0 0 0 1 0 1-25 1 9 0 2 -1 9 0 4 5 1 3 2 6 .. G le n v ille , O h io ........ 2 3 ,0 0 0 100 1921 5 1 2 2 6 .. C lu s t e r, M i s s ... ....... 7 8 0 ,0 0 0 1 0 3-19 T 1 9 0 2 -1 9 3 1 1 2 7 6 .. G lo u c e s t e r , M a s s ..... 3*0 1 9 0 2 -1 9 0 6 1 6 ,5 00 1 0 3 -3 3 1 2 7 6 .. G lo v e r s v llle , N . Y _ 4*a 1 3 7 2 .. H a d d o n fie ld (N . J .) 1 3 ,0 00 102 4 Sch. D l s t ____ ...... 19 06 -1 9 1 8 1 3 7 2 .. H a m ilt o n (O h io ) Sch. 1 9 1 8 -1 9 2 2 2 0 ,0 0 0 10 6*025 D l s t . . ........................... 4 1 2 7 6 .. H i g h l a n d P a r k (M ic h .) 1911 6 ,0 0 0 10 8*346 Soh. D i s t ..................... 5 1 5 ,0 0 0 1 (5 -4 1 1 9 0 6 -1 9 2 0 1 3 2 7 .. H o lle y , N . Y ............ 4 4 ,8 0 0 1 0 1 0 6 3 1 3 7 2 .. H o w a r d C o ., I n d ..... 1 9 0 3 1908 5 19 5 ,0 0 0 1 0 0-94 1 9 0 3 -1 9 1 2 8*a 1 2 7 6 .. 1 .d ia n a p o lis , I n d ... 10 ,000 1 0 3 -6 6 6 1911 5 1 2 27 . J a o k a o n C o ., M is s . 1 3 7 2 . . K in g s t o n (N . Y . ) Soh. 3 0 ,0 0 0 1 0 0 4 19 02 -1 9 1 1 D ls t.. ....................... 1 3 2 7 .. L a c o n (I ll.)U n lo n 8 o h . 1 0 ,0 00 1 0 0 D is t . (2 i s s u e s ) ......... 4 8 9 ,7 7 0 1 0 0 1 1 2 .. L a p o r t e C o ., I n d ... 1 5 ,0 00 101*57 1 9 0 3 -1 9 3 2 1 2 7 6 .. L a r o h m o n t , N . Y ..... 3*9 6 ,50 0 100*53 1 2 7 6 .. L a w r e n c e , N . Y ...... 1 9 0 6 -1 9 1 8 3*9 1 0 ,0 0 0 {1 0 2 1 1 2 .. L e w is C o ., W a s h ... 4*9 U 9 1 2 -1 9 2 2 1 2 7 6 .. L e w i s a n d C la r k e Co. 2 5 0 .0 0 0 1 0 1 -2 0 6 1 9 0 3 -1 9 2 2 (M o n t .) Sch. D . N o . 1 4*9 11912-1922 3 0 ,0 0 0 101 1 1 2 .. L is b o n , N . H .......... 3*9 1 3 7 2 .. L i v e O a k (C a l.) S o h o o l 3 ,7 5 0 10 6 1 9 0 2 -1 9 1 1 6 D l s t . . . . ....................... 1 8 0 ,0 0 0 101 19 0 3 -1 9 8 L 1 2 2 8 .. L o g a n C o „ K y .......... 4 1 1 ,0 0 0 1 0 0 -7 7 3 5 8 .. L o g a n C o ., O h io .. 4 1 9 0 2 -1 9 0 7 2 4 .0 0 0 1 0 0 *4 1 7 1 2 7 6 .. L o r a in , O h i o ............ 4 6 0 .0 0 0 100 1932 5 8 .. L y n c h b u r g , V a .... 3*9 1 6 ,0 00 101*87 1 2 7 6 .. M a n t u a , O h io ....... 4*9 1 6 ,0 0 0 i 1 2 7 6 .. M a r lin , T e x a s .......... 5 t l9 0 6 -1 9 8 1 1102*0793 8 ,0 0 0 J 11906-1941 1 2 7 6 .. M a r lin , T e x . (2 is s u e s) 5 3 0 ,0 0 0 96 1 9 03 -19 31 4 1 2 7 6 .. M e r iw e t h e r C o ., G a . . . 1 9 ,0 0 0 102 30 1 9 1 2 -1 9 1 5 1 3 2 7 . M id d le s e x C o ., N . J . . . 3*9 1 9 0 7 -1 9 1 2 8 ,00 0 101-15 1 3 2 7 .. M id d le s e x C o ,, N . J . . . 3*9 1 1 ,0 00 101*95 5 9 .. M o n r o e C o ., I o w a ............... 1 9 08 1910 4*9 80 0,00 0 1 0 6 -2 9 1 1932 1 3 2 7 .. N e w a r k , N J. (2 i8 s u ’s) 3*9 1931 2 3 ,0 0 0 1 0 6-36 1 2 7 7 . . N e w R o c h e lle , N . Y . . 4 1931 5 0 ,0 0 0 1 0 7-30 1228. -N e w t o n , M a s s ......... 3*9 1 9 26 3 5 ,0 0 0 1 0 6 -5 0 1 2 2 8 . .N e w t o n , M a s s .............. 3*9 1 2 7 7 .. N e w Y o r k C it y ( I l l s 7 ,8 9 1 ,0 0 0 106-291 s u e s )............................. 3*9 5 1 2 ,8 16 1 0 0-50 5 9 .. N i a g a r a F a lls , N . Y . . . 1 9 0 2 -1 9 1 0 2 0 ,0 00 3 0 0 1 3 7 4 .. N ile s , M lo h ....... ........ 5*9 1921 2 0 ,0 0 0 102*485 1 2 77 N o r w o o d , O h i o ............ 4 19 16 1 2 7 7 .. 0 . k H a r b o r (W a s h .) 2 ,5 0 0 101*04 S c h D is t . N o 6 ......... 5*9 1911 4 9 ,5 0 0 101*50 1327 O m a h a , N e b . (9 is s u e s) 4 1 9 0 3 -1 9 1 1 8 0 ,0 0 0 100-166 . 5 9 .. P ly m o u t h C o ., I o w a . . 4 1 9 0 2 -1 9 0 4 2 ,50 0 102 4 1 3 2 8 .. P o t t s v ille , P a .......... 1 9 0 3 -1 9 0 7 4 1 9 0 2 -1 9 0 6 1 0 ,0 00 10 0-32 1 2 7 7 .. P r e b le C o ., O h i o ___ 1 0 ,0 0 0 101*13 1 2 7 8 .. R o c k v ille C e n t r e ,N .Y . 3-65 1 9 0 7 -1 9 2 6 5 9 .. R o m e, N . Y ........... 1,66 3 101*20 3*9 1903 1906 1 3 2 8 .. R o g e r s v l]le (T e n n .) S. 2 ,5 0 0 102*53 D i s t .............................. 0 t l 9 0 6 1921 1 2 7 8 .. R y e a n d H a r r i s o n (N . 1 ,00 0 102*92 Y . ) 8ch. D ls t .............. 4 19 17 -1 9 1 8 1 3 2 8 .. 5 . P e t e r s b u r g , F l a . (2 1 9 ,0 0 0 110*13 1932 I s s u e s ).......... ..... 6 3 ,0 0 0 104*116 1 3 7 5 .. 8 .li n e v i lle , O h io .. 6 1 9 0 2 -1 9 0 6 6 0 .. 8 .o h o m iB h Co., W a s h . 2 5 0 ,0 0 0 1 0 0-90 11912-1922 (2 Is s u e s ).................. 4 55 1,057 1 0 5 1 3 2 8 .. 5 .r )n g t ie ld , O h io ..... 19021906 6 10,000 1 2 1-075 1 3 2 8 .. S p rin g H eld, O h i o ......... 5 1920 3 9 .0 0 0 {1 0 5 *1 6 4 6 0 .. T e r r e H a u t e , I n d ............... 1 9 1 2 -1 9 2 2 4 , 8 (0 1 0 2-104 12 9 . .T ip t o n C o ., I n d .......... 1 9 0 3 - 1908 5 7 0 .0 0 0 1 0 0 0 7 1 1 3 7 5 .. T r in id a d , C o lo ........ 11911-1910 5 73 1 5 ,4 3 0 10 61375 T r o y , N . Y ..................... 4 1 9 0 3 -1 9 2 2 9 ,8 0 0 102-39 1 3 7 5 .. T r o y , N . Y . .............. 312 1 9 0 3 -1 9 2 2 6,020 105 6 0 .. V e r o n a , N . Y ......... 1 9 0 3 -1 9 0 7 4 1 3 7 5 . .W e s t fie ld (N . Y .) Sob. 3 5 .0 0 0 10 1-62 1 9 1 0 -1 9 2 7 D ls t. N o . 1 ................. 3*a 3 ,0 0 0 100 1 9 0 2 -1 9 0 4 1 ' 7 9 . . W e s t S a le m , W l s ......... 5 4 0 .0 0 0 101-283 1902 -19 11 1 3 2 9 .. W o b u r n , M a s s ,............ 3*2 6 ,5 0 0 101-538 1 9 0 7 -1 9 0 9 4 6 0 .. W o o d s t o c k , 111.... 110 L o c a tio n . THE CHRONICLE. H a te 127a Worcester Mass.... 3ki 1329.. Wylam, Ala........... 6 1278 Yakima G (W o ash.) 80k Dial No. 37__ 5 . 1279.. Yonkers, N. Y........ 3** «0. York, Pa. ............ . Am o u n t. P r ic e . M a t unity, $100,u O1 1 7 9 O 1 0 -7 *931 5.000 100 f 1911-1921 1,000 100 U902-1906 ao.ooj 108 42 1921 30,000 103-67 11922-1932 Total (103 municipalities, covering 146 s e p a ra te Is s u e s )___________ . . . ____. . _____ (jl 14,563,222 Aggregate of sales for which no price has been reported (29 municipalities, cover ing 29 separate Issues)..................... 893,736 Total bond sales for December 1901.... §f15,456,958 * Average of dates of maturity, (Subject to call In and after the earlier year and mature In tbe later year. $Not including $2,460,000 of temporary loans reported and wbloh do not belong In tbe list; also dees not Include $117,500 of Canadian loans. 1 Taken by s in k 1 i n g fund a s a n Investment. { And other considerations. In the C h r o n ic l e of Dae. 7, 1901, page 1225, a list IV o h , I,XXIV. Bond Calls and Redemptions. O am erab rg, Pa.— on l l .— h b h b u RC a d T is orou gh called for p ym t J n a 1 at th o a en a u ry e ffice of E J B ck T . . la , rea rer, su refu d g b n s N s, 5 to 1 0 in sive, d ted J ly 1 8 9 n in o d o 5 0 , clu a u ,1 9 N n o ew b n s w b is u d to retire th a ove is u . o d ill e s e e b s e D avid son C n ou ty, Ten B o n d s R e d e e m e d .— T is cou ty .—n h n h s red a eem $ 0 0 b n s, s ed 5 ,0 0 o d eries of 1 9 , leavin $ 0 ,0 85 g 10 0 of su b n s n ch o d ow o tsta d g. u n in H arrisbu rg, Pa.— C a ll. — J h K R B ond. o n . oyal, C ity T reas u rer, called for p aym t J n a 1 a h office th follow g en a u ry t is e in b d on s: City water bonds o f Jan. 1.1805, Nos. I I and 12. o f 1100 eaetr, Nos. 35 and 80, for *S0u each, and Nos. 87 to 94, Inclusive, o f *1.0 0 each. Fourth and Sixth Street paving bonds. Nos 10 to 6 1 , inclusive, o f *500 each, H am ilton Street sewer bond No. 680 fo r *100. Fourth Street sewer bonds No. 685 fo r $100 and Nos. 686 and 687 fo r $800 each. W oodbine Street sewer bonds Nos. 688 and 699 fo r *100 each. F ifth Street and Beuslnger Avenue sewer bond No. 600 fo r $100. Sycamore Street grading bond No. 601 fo r *100. S n J a , Porto RicoB o n d C a l l .— a u E a u n .— M n el gozcn e, M ayor, gives n otice th th m n at e u icip ality, availin itself of g th righ given it b th fifth cla se of th co d e t y e u e n itio s gov n ern g th is u of th a u u lo n a d n b th fou in e s e e q ed ct a , n ot y e rth cla s , a p u e s reviou sly a vertised a d , greed in s s io h e s n eld D e cem er 1 u o th red p b 6 pn e em tion at th eir n in l va e of al om a lu A d d it io n a l N o vkm bek B ond S a l e s . th b n s is u d in e o d s e , terest cea g J n 1 1 0 . Th b n s sin a . , 9 2 e o d A m o u n t. P r ic e . M a tu rity . B a te . Page, L o c a tio n . w b red ill e eem at th o ed e ffices of th m n e u icip ality o a d n n 1275. .Chelan C (Wash.) o, $2,500 10O 8ah. Dial. No. 2 .... 5 after J n 1 1 0 , or a th o a . , 92 t e ffices of J M C& ao s . . ebC ., llo 1326..Garden City (Kan.) 2 W 7 illiam S treet, N ew York. 10,000 103-82 1916 8oh. Dlst,............ 6 S u d a n ers C u ty, N B o n d s R e d e e m e d .— h cou ty o n eb.— T is n 1276..Huerfano C (Colo.) o. 2,000 101 t 1906-1916 h s red a eem ed $ 0 0 4 # refu d g b n s T ese b n s 5 ,0 0 M n in o d. h o d 8ch. Diet, No. 30.... 8 76,000 10006 1931 1276..Laurens Co., 8. C..... 4 w ere ow ed b th S n y e tate P erm n t S ool F n . a en ch u d 1904-1905 15,000 flOl-847 1277..Moline. Ill.............. 4ki S eb h oyga , W B o n d C a l l . — T h e C n .— is ity C u cil h s o n a 70,000 lOO'Ol 1902-1906 1277.. Sault 8te Marie, Hioh. 4 p s e a reso tio callin for p asd lu n g aym t J n 2 1 0 , a th en a . , 9 2 t e Total additional sales for November..........$174,500 o ffice of th C e ity T reasu rer, p avem t im rovem t b n s en p en o d o , clu g 3 0. h o d These additional loans w ill make the total sales N s, 1 to 6 in sive, aggregatin $ ,0 0 T ese b n s car ried6% in terest a d w n ere is u d J n 2 1 9 . s e a . , 87 (n ot including tem porary loans) as reported fo r Nov S en n oa , Pa.— on l l .— terest cea h a d h R Ca d In sed o J n 1 n a . , 1 0 , o th follow 92 n e ing b n s : o d ember, 1901, amount to $6,989,144. o f Novem ber bond sales amounting to $6,814,644 will be found. Since tbe publication of that statement we have received tbe follow in g additional reports. Issue o f 1603, Nos. so and 65, each fo r 8800; Nos. 25, 58 and 68, for *300 each, and Nos. 62,85, 127, 181, 185, 218 and 251, fo r *100 each. Issue o f 1806, Nos. 2 and 87, fo r *800 each; Nos. 25 and 44, fo r *300 each, and Nos. 8, 18, 84. 42, 47. 57,61 and 118, fo r *l0o each. A roostook C u t/ M S to c k S o ld .— th Chronicle o n , . —e In e o d lled re e p resen . ta gh , or N ov. 2 , 1 0 , w sta 3 91 e ted th th cou ty h d voted toB n s ca rer,a to b p n ted to C T. S u n B at is n a sell su for red em tio . its h in ($ 2 ,0 0 of preferred sto old gs 7 8 0 ) ck of th B ou & rea e an gh T gor Sierra ou ty 0 illsboro), N MB o n d C a l l .— . .— ex A roostook R , C . to th railroad co p n R o e m a y, T is sa o w . C n o (P. C. H T h le, n e lem n m s, ou ty rea rer, called for p ym t n su a en a n re ow a vised h s b d , a een co su m ted In p ym Jth C P n m a . a en for a . , ation B n of C ica al a k h go, $ 5 0 5 ,0 0 th sto th railroad com a y a e ck e p n grees to a s m a dJ ay off1 0 , a th F s u e n pn 1 9 2 t e irst N s after J n 3 , 1 0 , th in u e 0 92 e terest accru g u o th $ o8 s,0 s follow : in p n e b2 d 0 a 7 n,0 *5,000 b n s issu b th co n in a of th sa railroad a 6%denomination o f * 1bonds, dated July 1,1889, Nos. 6 to 10. Inclusive, in o d ed y e u ty id e id , n current-expense ,0 0 0 . d a lso to p y a m a t atu rity th p cip of th b n s 50,000a clusive; 45, 46, 54 to 57, July 1, D89, Nos. 9 to 12, inclusive; 8382 andin e rin al e o d . A 6% funding bonds, dated inclusive; 68 to 76, inclusive; 78, 79, to 38, 83 s gu aran th railroad co p n h s d o ty e ma y a ep sited w ith th O are in denomination o f *1,00U; Nos. 17, 47, 50 to 52, inclusive; 68 to 67, e ld inclusive; 80 denomination o *600; n o s . 16, in C olon T st C m a y of B sto $ 2 ,0 0of B gor & A clusive: 18 77, 23,and 84 are in to 44, inclusive; f48,49, 58, 81 13 to 85 are y ru o p n o n 78 0 an roos to inclusive; 39 and took R , co so a R n lid ted refu d b n s nHin o d . g in denomination o f *100. G eorgia.— r e s t t o be P a i d O u t o f P r o p e r t y F u n d .— I n te In ord to tak u th er e p ese b n s th cou ty h s so to S A o d e n a ld . Th S p e u rem C rt o J n a 4 d e ou n a u ry ecid ed th tn H ean of C icago $ 5 5%02 -3 -y a (op at e K ell ow h 5 ,0 C 0 0 e r tion al) refu d g n in resolu tion p s e b th la Legislatu asd y e st re, w ich p b n s th sa tak g p h rovidd , e le es o in lace la J n . Th n st u e e ew b n s a o d re th th in at e terest o th b n ed d t for 1 0 , a o a t S p 1 9 1 a d carry in n e o d eb 9 2 md n uted e t. ,1 0 , n terest p y a le sem n u lly a b i-a n a in to $ 2 ,8 0 sh ll b p id o t of th p b p g 35 0, a e a u e u lic rop erty fu d n W . — W a r r a n t C a ll. — . H E S ok , e, ash pn a M . ggleston C , ity is con stitu tion l a d legal. T e S te T a n h ta rea rer is d T su irected rer, h s called for p rea su a aym t J n a 7 w en a u ry arran N 1 t o. 0 u d th resolu n er e tion a d in con n form ity w ith th ord of Pacific A e er of th e ve. sew fu d d er n istrict N 2 o. . low C rt to tran er ou sfer th fu d a th reso tio p vid e n s e lu n ro es. U d th m n a of th S te C stitu n er e a d te e ta on tion (S ection xiii, Article vii,) th p ceed arisin from th s le of th p Bond Proposals and Negotiations this e ro s g e a e u lic b p rop erty ow ed b th S te m st b ap lied to th p n y e ta u e p e ay m t of th b n e d t of th S te a d u e for n veeker en e o d d eb e ta n sd o o have been as follow s : th p rp se w a u o h tever. T e m h ajority of th C rt h ld thlban M .— B o n d s V o te d — B o n d O f f e r in g .— h village e ou o s A at y, in n T is th in e terest d e is a p u art of th b n ed d t, a d th o th ec, 2 , 1 0 , voted to is u $ ,0 0 w ter-w e o d eb n ^ an D t ere 6 9 1 s e 7 0 a ork b n s s o d. fore th p b p e u lic rop erty fu d ca b u e to p y th in e vote w s 7 for a d n n a in n n e sd a e Tterest h a 0 n o e ga st. P rop osa for th e ls es u d th C n n er e o stitu tion . b n s w b received u til. 1 ,, F ru o d ill e n a m0 eb ary 1 b th Vil , y e S Pau M .— C o m p a r a t iv e S ta te m e n t o f D e b t .— ity lage R t. l, in n C ecord er. In terest m st n exceed a d th p ci u ot n e rin C p om troller J J M aray recen . . cO tly m d a in a e n terestin ill m tu o or b p lw a g a re n efore fifteen yea after d te. rs a sta tem t regard g th in eb n en in e d ted ess of th city of S A u e t. Plliance, O io B o n d O ff e i'in g .— rop a l. h.— P osa w ls ill b re e T e sta h tem t sh w th t o J n 1 1 )2 th total dceivedt n 2 m J n 2 , b J H M on ell, C en o s a n a . , 9 , e eb ou u til p,, a . 0 y , . cC n t , ity C lerk , sta d g w s $ ,3 9 6 , of w ich $ ,4 6 0 co sisted 6 ,6 0 4 refu d g b n s S n in a 9 3 ,8 5 h 2 3 ,0 0 n to $of 5 r 2 # n in o d. ecu rities a re all in d e 1 0, t n o d h ill b for e w ater b n s $ ,5 4 0 of gen o d , 5 4 ,1 0 eral b n s, $ ,3 6 0nof inx n of $ ,0 0 excep o e b n , w ich w o d 1 3 ,4 0 om a ta tio levy certifica tes a d $ 3 6 of p rk lo n . A n 3 ,3 5 a a s gain $th , a d all a d ted M st 6 0 n 5is re a arch 1 1 0 . In , 92 terest w ill b pay e total th ere sta d a sin in fu d of $ 4 ,7 3 leavinaa n n s k g n 71 1, gb sem a n a le et i n u lly at th o e ffice of th C e ity T rea rer. Prin su d t o J n 1 1 0 , of $ ,5 8 5 . a red ction of $ cip 0 w8 m tu M rch 1 9 2 A certified ch eb n a , , 9 2 8 9 ,1 2 u 3 0 l,2 ill a re a ,4 a 4 ,1 0 . eck for $ ,0 0 1 0 over th $ 0 9 ,4 0 rep e 1 ,9 8 0 orted for J n 1 1 9 . T e total da a . , 82 n m st is m a y p p sa u cco p n ro o ls T ese b n s are is u d u d h o d s e n er u ectio 2 0 , R n 7 1 evised S tu ta tes of O io B h . id b rsem ts of th city d rin th p st ten yea th th pth rity of S u en e u g e a rs e Ce.a o om rs re u tisfy th selves a to th legality,of th em s e e troller p ces a $ 1 0 ,7 5 3 . T e C p la t 4 ,5 8 6 6 h om troller a d s tes req ired to sa lsoe taa th d rin th p st ten yea n b n s h at u g e a rs o o d ave b een iso e s b sn d b ud , efore b d g. id in sterd am N — . o n d S a le .— h B , . YB T e oard of S er C ew om a d th all ex en n at p ses of th city govern en h ve b A et e m t a een m issio a ld 1 ,0 0 j4 er o d e m by ta tion a o th t all p b im rovem ts h ve b e n xa ; ls a u lic p en a me n ers h s so $ 2 0 3 $ sew b n s to th A ster m b a s s m n a in th p et y s e s e t ga st e rop erty b efited en . d m S vin B n at p r. S a a gs a k a ecu rities a in d om a re en in tion 6 0, a a . ,1 )2 cipal w ill m tu $ ,0 0 a re 6 0 S n Pe C u ty, N Mo n d C o m p r o m is e N o t A c c e p t - of $ ,0 0 d ted J n 1 9 , Prin a ta o n . B .— Jun 1 9 9 n 6 0 ly , 9 0 h o d re a a b le .— is rep It orted th t o J n a 7 th B a a n a u ry e o rd of C u ty, 1 3 , a d $ ,0 0 Ju 1 1 1 . T ese b n s a p rt o ly n er h p 3, s 86 s m d C m issio ers p s e a reso tio to refu d th d t of rie w ich u d C a ter 5 3 Law of 1 8 , a a en o m n asd lu n n e of a s eb e s h d o n 6, s 87 n o 4 e $ ,0 0 0 (p cip a d a 1 0 ,0 0 rin al n ccru in ed terest) of S n Fe C y C a ter 1 1 Law of 1 8 , ca n t exceed 5 of th a ta e b u h p ses ation of real a d p n erso a p n l rop erty. ty for 5 c n o th d 0 e ts n e olla issu g in p ym t th a s s $d valu r, in a en ereof 3e 4 -y a b n s W a a vised b W N C 0 e r o d. e re d y . . oler & C . of A oAim rbor (M ich.) S ool D .— B o n d E le c t io n . — A n ch istrict election w b called in th n r fu re, a ill e e ea tu ccord g to re in N ew York, w o rep h resen a large n m er of th b n t u b e o d p rts to vote o th q estio of issu g $ 5 0 4 sch o o , n e u n in 3 ,0 0 4 o lh ld o ers, th t th com rom a is p ise is n t a o ccep b ta le. S p u erior, W B m d D e c is io n t o b e A p p e a le d .— .— is LaC rosseh u e b n s o s o d. AS lan o n .— is h n p p a ers sta th t th c s of S m el J K te a e ae a u . ing v . C s ity of sh d C u ty, W L o a n A u t h o r iz e d . — T is cou ty u n ecem er 2 voted to b b 7 orrow $ 0 0 at 8l3 in 1 ,0 0 4 terest from p erior, w ich w s tried in th U ited S tes C rt in La h a e n ta ou o D th S th eiD 8 9 in favor of th lo n a d 3 g 8 e a n 3 C sse la ro st S tem er to en ep b force th p ym t of $ e0 ;afe— e vote b e a en 20 0 ga st. e a e u o ayin off th judg g e b n s h sb o d , a een a p led to th U ited S tes C u a in p ea e n ta o rt of Ap Th lo n is for th p rp se of p en e n n a ction in th m t e a p ls b tb a rn ea y e tto eys for th p e lain tiff. Th su is m t in eb n is it a test d ted ess of th cou ty a d fin l a ter t y e o n o rd n a u ry . ca a d in se n volves a large a o n of sp mu t ecia im rovem w b ta en b th C u ty B a o J n a 7 l p enill e k Atlanta, G .— Sale.—A rep a Bond s orted la w st eek $ 0 ,0 0 . 30 0 b n s, a d a sta o d n , s ted fu lly in C h r o n ic l e O th e ct. 1 1901, 2 , of th $ 1 ,0 0 e 48 0 3 -y a gold refu d g b n s offered b t 0 e r n in o d u J d B n ren ered a d u ge u n d ecisio for tb d n e efen . se J anuary 11, 1902. J THE CHRONICLE 111 n B ld o D ot o n ecem er 3 h b ave b een d o isp sed of to th A required to deposit before 2 p. M. on the day of sale a cer e be tlan ta H om e In ra ce C ., th price p id b su n o e a ein p r. Th b tified. check or a certificate of deposit for \% of I he par value g a e a n la ce of the bonds, said check to be made payuble to the Village of of th b d n e on s— am ely, $ 1 ,0 0 h 2 8 0 — ave b een d o isp sed of at p r a Cloquet. P. E. McGugin is Village Recorder. to local b n s, tru co p n a k st m a ies a d in ivid als. For fu d n d u ll e Coatcsville (P a .) School D istrict.— B o r u l S a le . — Wo are scrip tion of secu rities Ce shronicle O e ct. 1 , p 8 4 9 . 6. bonds offered but not sold on B altim ore, Did.— B o n d s O ffe r e d .— H am bleton & C o., B advised that the $30,000 alti m ore, a offerin for sa at 1 4 a d in re g le 1 % n terest, th -3 yz% 5 0 Nov. 16, 1901, have been awarded to Dick Bros. & Co., Phila e delphia, at 101 and other considerations. For description o f year “ W estern M arylan R d ailroad R efu din Loan” of B n g al these bonds see C h r o n ic l e Oct. 26 and Oct. 19, 1901. tim ore, p rch sed b th firm o D u a y at n ecem er 2 in con n b 3 ju c Colton (T o w n ), St. Law rence County, N. Y .— I n s c r i p t i o n tion w ith D ick B s. & C . a d K n ro o n ou tze B s, of N ro ew Y ork C ity. M s rs H e s . am leton & C ., in con ection w o th o n d s . —The $12,000 bridge bonds which we stated last b o n ith f Bis offerin sta th th gro d t of th city is $ 9 5 week had been disposed of by this town were purchased by g, te at e ss eb e 3 ,9 4 2 9 , ,7 8 5 giving M G N N n r. . . u sen C , ity R egister, a au ority.the Madrid Bank of Madrid, N. Y . Securities are in denom s th Th e w ater d t in eb clu ed in th a ove figu d e b res is $ ,5 0 0 ination o f $1,000, dated Jan. 1, 1902. Interest is at the rat© 8 0 ,9 0 a d th n e of d payable March 1 and September 1. Principal w ill ma sin in fu d $ ,1 9 0 , w ich if d u k g n 9 7 ,2 8 h ed cted lea ves a n 4%,eb et t ture $1,000 yearly, beginning March 1, 1904. of $ 2 7 ,5 0 9 , accord g to th requ 2 ,2 5 2 5 in e irem ts of th N en e ew York S avin B n Law Th p gs a k . e erm issib d t u d th le eb n er Colnmbas (O h io ) School D istrict.— B o n d s A u t h o r iz e d , — is The Board of Education has voted to issue $65,000 ‘ % % 204 law w ld b $ 0 7 ,5 0 ou e 3 ,0 5 0 . B o n d s P r o p o s e d .— Th W e ater B oard h s d a ecid to a k th bonds. ed s yeare Contra S te Legislatu ta re for au ority to is u $ ,0 0 0 reservoir Costa Connty, Cal.— B o n d s P r o p o s e d . —The Grand th s e 1 0 ,0 0 Jury, in a report made recently to Judge Wells, advises the bn s o d. B eard stow , 1 1 o n d s R e g is te r e d . — e A n 1B .— Th uditor of Pu issuance of $150,000 bonds to complete the new court house b lic A ccou ts h s registered th $ 7 0 n a e 6 4% refu din b n s ,0 0 n g o dand to build a new county jail. m tion in thhronicle N ov. 2 , 1 0 . T ese b n s w C o r o n a , C a l. — B o n d s D e f e a t e d .— A t an election held Dec» en ed C e 3 91 h o d ere a th u orized a a election h t n eld Jan ary 2 th vote b 23, 1901, the question of issuing storm-drain and culvert u , e ein 2 2 g 6 bonds was voted upon and defeat ed. for a d 5 a in n ga st. Bellevue, Pa.—B o n d E l e c t i o n . — e B Th orou gh C n ou cil o Crystal Falls, Mich.— B o n d s D e f e a t e d . — A t a recent elec n J n a 7 p s e a resolu a u ry asd tion providin for th issu tion a proposition to issue $22,000 bonds for the improvement g e a ce of n $ 0 0 b n s, T e qu 5 ,0 0 o d h estion will b su m e b itted to th of the electric-light plant failed to receive the necessary twoe voters at th sp g election e rin . thirds vote. Beloit, V i is . — B o n d S a le .— O D n ec. 2 , 1 0 , $ ,8 0 libraryy a h o g a C o u n t y ( P . O. C le v e la n d ) , O h io .— B o n d O f f e r 6 91 8 0 Cu bu ildin b d w g on s ere aw ard ed to J h W C o n . rist of B i n g . — t r o p o s a ls w ill be received until 10 a . m ., January 29, eloit aP 3 9£ S '4 5 . ecu rities a in d om ation of $ 0 a d will m Board o f County Commissioners—Julius C. Dorn, re en in 80 n a by the tu o e b n yearly. In re n o d terest will b p e ayab sem Clerk—for $1,000,000 4% coart-house bonds. Securities are le i-a n n u in denomination of $1,000, dated Feb. 1, 1902. Interest w ill ally. Biloxi, M iss.— n d s V o te d .— T e election h Bo h eld D ec. 2be payable semi-annually at the office of the County Treas 3 , 1 0 , resu 91 lted in favor of issu g $ 0 0 5 0 ea (option in 4 ,0 0 -2 -y r urer and the principal w ill mature $52,000 yearly on Ang. 1 al) w ater-w ork b n s s o d. from 1903 to 1920, inclusive, and $64,000 on Aug. 1. 1921. Bottineau, Bottineau County, N Dak.— B o n d S a le .— O These bonds were voted at the election held Nov. 5, 1901. A . n J u an ary 2 th $ ,0 01 -y r b n s (d e 3 5% 5 ea 0 o d ated J n 2 1 0 ,) signed by not less than tw o disinterested persons, resi a . , 9bond, 2 d escrib in th h r o n ic l e Dac. 2 ,1901, w ed C e 1 ere aw ard to dents of and owning real estate in the county o f Cuyahoga, ed K e &C an o., M n p in ea olis, at p r. Th w s th on b are a is a e ly or certified check for not less than 1% of the total amount id ceived . of bid, must accompany proposals. B raddock, Pa.—B o n d S a le .— O J u n an ary 6 th $ 0 ,0 0 Coyaboga Falls, Ohio.— B o n d S a le .— On January 8 tb© e 1 14% 0 1 9 year (serial) fu din a d im rovem t b n s $5,000 4% electric-light bonds were awarded to Rudolph K ley-2 n g n p en o d w ere a ard to F rson Leach & C ., New York, at 1 5 9bolte & Co., Cincinnati,'ati 100T2 and accrued interest. Fol w ed a , o 0 T 9 . Brewster County, Texas.—B o n d s N o t Y e t S o ld . — W e a re lowing are tbe bids : R. ad vised th at th $ ,04% 2 0 e r (option e 3 0 0 -2 -y a al) refu d New leybolte B’k, Columbus....$6,00R 00 I1Denison, P rio r Co.,Co., C lev e___ P a r n in K 1st Nat. &Co.,Cinein...... 6,005 00 P. S. Briggs & & C in cin n ati... Par g b n s m tion o d en ed in th hronicle O C e ct. 1 , 1 0 , h 9 9 1 ave n t o For yet b een d o isp sed of a d a in th h n s of th C n re e a d e ity N description of bonds see Chronicle Dec. 21, p. 1326, a Dallas, Texas.— B o n d S a le .— The $75,000 4% 40-year gold tion B n of A stin for sa al a k u le. T ese b n s are p h o d art of a n refunding water bonds offered for sale on Dec. 28, 1901, have is u of $ 7 8 b n s, of w ich $ 4 8 h s e 1 ,4 0 o d h 1 ,4 0 ave b een so to th ld e been awarded to tbe National Exchange Bank of Dallas at Perm en S ool F n of th cou ty. an t ch u d e n par. Brown County, Texas.— o n d s V o t e d . — T h is , cou ty o B n n D arlington, S. C.— B o n d S a le .— On January 6 the $20,000 D ec. 2 , 1 0 , voted in favor of issu g $ 0 0 b n s 5% 10-year town hall bonds were awarded to John W . Dickey 1 91 in 4% jail o d . 3 ,0 0 T ese b n s w en issu , will m h o d, h ed atu in 4 yea re 0 rs, $ 5 0 1 ,0 0 of Augusta at 102’651. Follow in g are the bids : b ein su ject to call after 5 years a d $ 5 0 after 9John W. Dickey, A u g u s ta ...$20,680 27 I Seasongood & M ayer. Cincin.$20,106 25 g b n 1 ,0 0 y rs. ea Burlington, N 3 . — B o n d S a le .— O D . n ecem er 3 , 1 0 , th Robinson, A tla n t a ...... 20,627 82 |F. M. Stafford & Co.,Chattan. 20,076 OO b 1 9 1 Roby e $ ,5 0 1 -y a roa b n s w 3 04% 0 e r d o d ere aw ard ed a follow : N ew leybolte ank.C olum bus. 20,625 00 ! 8. A . Kean, C hicago.............. 20,000 OO s s R.2lstNat.B & Co., Cinotn... 20,625 00 $K 0 ,0 0 to E llen Lew a 1 5 $ ,0 0 to N is t 0 , L 0 ath an H ain at 1 5 a d es 0 For description of bonds see Chronicle Jan. 4, p. 58. n $ 0 to F 50 red Peter at 1 4 For d . 0, escrip tion of b n s Doniphan, Mo.— B o n d S a l e .— The $15,000 5% 5-20-year (opo d se e Chronicle D ec. 2 p. 1 7 . 8 , 32 tional) water-works bonds mentioned in the Chronicle Dec. Burnett County (P . O. G ran tsbu W i9.— Bond O f f e r 21, 1901, were sold on Dec. 14, 1901, to John Nuveen & Co., rg), i n g . — rop P osa w b received u til 2 p M F ls ill e n . ., ebru Chicago, at par. ary 1 b , y T o T h s. ollefson C n T , ou ty reasu rer, for $ ,0 0 b n s 4% jail 6 0 o d . D u t c h e s s C o u n t y ^ P . 0. P o u g h k e e p s i e ) , N. Y .— B o n d O f f e r S ecu rities a in d om a re en in tion of $ ,0 0 d ted J n 1 1 0 . 1 0, a a . , 92 i n th In terest w ill b p yab sem n u lly in ad e a le i-a n a van ce at g . — Proposals w ill be received until 1 p . m ., January 29, by e F irst B n of G n a k ra tsb rg. Prin u cipal will m atu J n a H. Kipp, Chairman, care o f C. W . H. Arnold, Coun re a James u ry 1 1 0 . A certified ch , 98 eck for $ 0 , p 1 0 ayab to th a oof Building Committee, for $175,000 le e sel veb court-house and n m C n T a ed ou ty reasu rer, m st accom an p p sa $65,000 u p y ro o ls. county-house bonds. Securities w ill be in de Canadian C n Okla.— o n d S a le . — n J u ou ty, B O an ary 6 th e $ 0 0 2 -3 -y a (serial) co rt-h se b n s w 5 ,0 0 1 0 e r u ou o d ere a nominations to suit and w ill be dated Jan. 2, 1902. Interesfe w rd to a ed M s n Lew & C ., C ica ao , is o h go, at 1 0 3 for 4 p cen w illFbe payable semi-annually. The court-house and ja il 0 1 er ts. or d escrip of b n s s Chronicle D tion o d e e ec. 2 , p 1 7 . 8 . 32 bonds w ill mature $6,000 yearly fo r twenty-nine years and Chase City, Ya.— B o n d s N o t S o ld . — e a W re a vised th $1,000 in thirty years. T h e county-house bonds w ill mature d a t so e very good b s w m id ere p resen ted o J n a 6 for $ ,0 0 n a u ry 4 0 $2,500 yearly for twenty-six years. Either cash or a certified 6% 2 -y a gold b n s, b t th 0 e r o d u at n aw o ard w s m d a “a a a e, s ll check fo r 5% of bid, payable to James H. Kipp, Chairman, th gs w in ere n satisfactory,” a d th m ot n e atter w as th erefore p stp n for fu o o ed rth er con eration Th b n s a in d accompany proposals. Accrued interest is to be paid sid . e o d re muste n in tion of $ 0 . Th city h s n b n ed d t ou by purchaser. om a 50 e a o o d eb tsid of e th $ ,0 0 b n s a ove. Th a s s e valu e 4 0 o d b e sesd ation is $ 6 ,0 0 13 0 T h e o ff ic ia l n o t ic e o f t h is b o n d o f f e r i n g w i l l b e f o u n d a m o n g a d th rea va e a ou $ 1 ,3 3 A. J Y cey is C n e l lu b t 2 7 3 . . an lerk of th e a d v e r tis e m e n ts else w h e re i n t h is D e p a r t m e n t . th C u cil. e o n C icago h (111.) Sanitary District.— d O f f e r in g . — Pro B on Dyersburg, Tenn.— B o n d s V o te d .— 'This city on January 2 p s ls w oa ill b received u tilp.1 ., J u e n m an ary 2 , b thauthorized the issuance o f $50,000 4% 20 year water and 2 y e B a of T stees of th S itary D o rd ru e an istrict of C icago for h electric-light bonds by a vote of 306 for to 130 against. $ ,0 0 0 2 0 ,0 0 bn s S o d. ecu rities a re in d om ation of en in Erie, Pa.— Bonds Authorized.—The City Council has $ ,0 0 d ted J n 1 1 0 . In 1 0, a a . , 92 terest will b p e ayab passed ordinances providing for the issuance of $15,000 hos* le sem i a n a n u lly a th office of th D t e e istrict T reasu rer. Prin cipal pital bonds and $70,000 sewer bonds. w m tu $ 0 ,0 0 yearly o J n a 1 from 1 0 to 1 2 , County, Mont.— B o n d S a le . — W e are advised that ill a re 1 0 0 n a u ry 9 3 Fergus 92 in sive. A certified ch clu eck for 3 e a ou t of tb b the $50,000 10 20-year (optional) refunding bonds offered for % of th m n e id , d raw to th ord of th C n e er e lerk of th S itary D e an istrict of Dec. 19, 1901, have been awarded to the Bank of Fer sale on C ica , or c s to th a o n m st a h go ah at m u t, u ccom an p gus sa p y ro o County, Lewiston, at par for 4% per cents. This award p ls. A , R Porter Is C . lerk of th d e istrict. was made subject to the right of the State Treasurer to pur C loqn et, M n B o n d O f f e r in g , — rop in .— P osa w ls ill b rechase the bonds at tbe same rate. For description of securi e ceived u til 7 m J n a 2 , b th V n p. ,, a u ry 8 y e illage C n ties see Chronicle N ov. 23, p, 1125. ou cil, for $ 0 0 5 gold w ter, ligh a d sew b n s S 2 ,0 0 # a t n er o d . ecu rities a City, Pa .— B o n d s V o te d . — This borough has voted re Forest in d om a n of $ 0 . In en in tio 59 terest w b p ill e ayab April 1 $10,000 bonds. le to issue a dO n ctet o 1 at th A erican E r e m xch ge N an ation B Fredericton (N . B .) School D istrict.— P r i c e P a i d f o r D e al a k n , . ’few Y ork C ity. P cip w m rin al ill atu $ ,0 0 yearly o e n tu r e s .— T h e p r i c e g u id t o r the $4,000 4% debeutnres sold re 2 0 n b N ovem er 1 from 1 0 1 1 ,in b 9 2 to 1 clu 9 sive. E ch b d will ^ a id er recently to local parties was 105, not par, as stated last week. 112 THE CHRONICLE Fresno, O a L — B o n d s D e fe a te d .—An election was held Deo, 19, 1901, at which the question of issuing $180,000 water works bonds was defeated. On the follow ing day (Deo. 20, 1901,) another election waa held to vote on the issuance of 1285,000 electric-light and power-plant bonds. ThiB propo sition also failed. tiartteld County, Colo . — B o n d S a le . - On January 6 $63,200 5# refunding judgment bonds were awarded to Duke M. Faison, Chicago, at 101. Gloucester, N. J „— B o n d s P r o p o s e d .—An ordinance was Introduced recently in the City Council providing for the issuance of $30,000 sewer bonds. Green Bay, Wls.—B o r id E l e c t i o n . — I t is reported that this village W ill vote in the spring on the question of issuing market bonds. Greene Coanty? l'en n .— B o n d s P r o p o s e d .— W e are advised that the County Court will, at its January meeting, take up the question of issuing $400,000 road bonds. Green Island (V illa g e ), Albany County, N. Y .— W a t e r W o r k s D e fe a te d .—A t a recent election this village voted against a proposition to build a water-works plant. HammontOtt, N. J .— B o n d E le c t io n P r o b a b le .—W e are ad vised that the question of supplying water to this town, which has been under discussion, has been deferred until the annual town election to be held March 12, when the propo sition will probably be submitted to a vote of the people. Hampden County, Mass.— L o a n A u t h o r iz e d .—The Treas urer has been autnorized by the County Commissioners to borrow $30,000 in anticipation of the collection of taxes. Houma, Terrebonne County, L a .— B o n d s N o t S o ld .—W e are advised that there was no sale of the $27,000 5# gold water-works bonds cffered on Dec. 20, 1901. The town au thorities have taken no further action in the matter of issu ing these securities, a description of which we gave in the Chronicle N ov. 16 on page 1075. Hudson County, N. J . — B o n d S a le .—The $27,000 4# bridgerepair bonds mentioned in the Chronicle Dec. 21, 1901, have been taken by the Sinking Fund Commissioners as an invest ment. Securities are dated Nov. 30, 1901, and w ill mature Nov. 80, 1916. They are in denomination of $1,000. Idaho Falls, Idaho ,— B o n d s D e fe a te d .—The election held January 3 resulted in the defeat of the proposition to issue $13,500 6# electric light bonds. Kahoka, Mo.— B o n d S a le .—On January 3 the $12,800 5# 15-20-year (optional) bonds were awarded to Jas. R. Hume, a local investor, at 106’25. Following are the bids : [Vol. LXXIV, to the amount of $10,000 yearly. The $10,000 bonds now issued are for the purpose of retiring the $10,000 old bonds, optional in 1902, Lewiston, Idaho.— B o n d O f f e r in g .— Proposals w ill be re* ceived until 12 M., January 29, by the Mayor and Common Council for $80,000 10 20 year (optional) bonds, Securities were authorized at an election held Nov. 19, 1901. They are in denomination of $1,009. Interest must not exeebd 5#, and w ill be payable semi-annually. A certified check for 3# of the amount of bonds bid for must accompany proposals. The city has no bonded debt at the present time, and the floatng debt is about $25,000. The assessed valuation is $967,000. W e have an official letter stating that there is “ no controversy or litigation pending or threatening affecting the corporate ex istence of the boundaries of this municipality or the title of the present officials to their respective offices.” Lisbon, N. H.— B o n d S a le .— This town has sold an issue of $30,010 %%% 10 20 year (optional) building bonds to E. C. Stan wood & Co., Boston, at 101—a basis of 3 382# if bonds are redeemed at their optional date and 3'431# if allowed to run their full time. Following are the bids : E. C. Stanwood Sc Co., Boston...lrtl-oo I H H . Rollins & Sons, B o s to n ... 100-306 I. John K. Clough (fo r one bon d). 101-00 Goo. A . Fernald S Co., Boston,.100*30 c Jose, Parker S Co., Boston ___100-10 I c Securities are in denomination of $1,000, dated Jan. 1, 1902. Interest w ill be payable semi-annually. Lockland, Ohio.—B o n d s D e fe a te d . —This village has voted against the issuance of $1,200 bonds. Lynn, Mass. -B id s .—Following are the bids received Jan uary 1 for the $75,000 3t£# 30-year water bonds awarded, a) stated last week, to R. L. Day & Co., Boston, at 106T8: R L . Day S Co., B o s t o n .......... 109U8 I Blake Bros. & Co.. B oston........106-03 c Blodgst .Merritt Sc Co.. Boston.106-163 Adams Sc Co., Boston .......... 105-46 Estabrook S Co., B oston.......... 100-16 I Lee, H igginson S Co., B oston..106*266 c c Securities are dated J an. 1, 1902, and w ill mature Jan. 1, 1932. Interest w ill be payable semi annually. Macon, Ga.—B o n d E l e c t i o n . —An election w ill be held February 11 to vote on the question of issuing $964,800 4# bonds for refunding purposes. Marhsall County (P . O. W arren), Mini). —B o n d O f f e r in g , — Proposals w ill be received until 1 P. m ., February 18, by A.;B. Nelson, County Auditor, for $75,000 5# ditch bonds. Securi ties are in denomination of $1,000. Interest w ill be payable annually at the First National Bank of Warren and the prin cipal w ill be payable at any time on or before ten years from date. The successful bidder w ill be required to pay for lith ographing and printing the above bonds. Matamoras (P . O. New Matamoras), 0 .— B o n d S a le .— On Jas. R . H u m e, K a h o k a .........$13,600 00 | Thom pson, T en ney & C raw R .V .M on ta gu e & Co., JK. City 13,678 00 I fora Co., Chicago................ $13,201 00 Jan. 4 the $3,000 5# sewer bonds described in the Chronicle C lark Co. Sav. B’ fc, K a h o k a .. 18,616 80 T . B . P otter & Co., Chicago. 13,167 00 J. C. Smith, B u rlin g to n ....... 18,510 00 S. A. Kean, Chicago................ 13,10000 Dec. 14, 1901, on page 1276, were awarded to P. S. Briggs & Miss. V a l. Tr. Co.. St. L o u is.. 13,610 00 T row b ridge & N iv e r Co.. Chi. 13,017 0 0 Co., Cincinnati, at 108 033, Following are the bids * . Parson, L each * Co., Chic___ 13,837 00 W . J. H a v e s & Son s.C leve___ 13,928 00 Geo. M .Beehtel, D a v e n p o rt.. 18.202 00 Samuel East (fo r $2,000) — . 2,050 00 L id a V a n d oia (fo r $1,000)..,. 1,030 00 Securities are dated J an. 2, 1902, and the interest will be payable semi-annually. Kingston, N. Y .— N o t e S a le .— This city has sold a 4# sixmonth sewer note to the Ulster County Savings Institution at par. Kokomo, Iud.—B o n d s N o t S o ld . — T h is city offered for sale on Dec. 30, 1901, $25,000 4# 10-year refunding bonds. In re ply to our inquiries as to the result of this offering, we are advised by J, A. Burkhalter, City Treasurer,that “ theCom mon Council, at their meeting Dec. 30, 1901, could not agree as to payment, there being five votes to refnnd, whereas seven votes were required, and five votes to pay them, six being required.” La Grange, I W . — W o A e r W o r k s P u r c h a s e d — C e r tific a te s I s s u e d . —The village of La Grange has acquired the plant of the La Grange Water, Light & Power Co., paying in the neighborhood of $20,000 in cash and assuming the liabilities of the company, aggregating $260,000. The above-mentioned liabilities consist of $200,000 first mortgage bonds, issued Dec. 1, 1901, carrying 5# interest and maturing in twenty years. The Northern Trust Co. of Chicago is the trustee of the mortgage. There are also $60,000 5# 20 year water fund certificates, with the American Trust & Savings Bank of Chicago as trustee. Lancaster, Pa.—Bond E le c t io n P r o p o s e d . — The Finance Committee has returned to the Councils with favorable rec ommendation an. ordinance providing for a special election on March 11 to vote on the question of issuing $265,000 sewer bonds. La Porte County, Ind.—B o n d S a le .— According to local reports, the Treasurer has sold an issue of $89,770 gravel-road bonds at par. Leavenworth, Kan.—B o n d E l e c t io n . —The election held Dec, 31, 1901, to vote on the question of issuing $400,000 bonds to purchase the present Leavenworth & Fort Leaven worth Water-Works plant or else to build a new plant for the city resulted in favor of the proposition by less than 200 majority. Lewis County, N. Y . — B o n d s A u t h o r i z e d . — The issuance of $16,000 4# bonds has been authorized for the erection of an office for the County Clerk. Securities will be in denomination of $500, dated Aug. 10, 1902. Interest will be payable at the office of the County Treasurer, Principal will mature 4,000 yearly on February 10 from 1904 to 1907, Inclusive. Lewis County, W a s h . — B o n d S a le .— N. W. Harris & Co , Chicago, have purchased $10,000 refunding bonds at 102 and blank bonds. This firm, it will he remembered, was awarded on Nov. 16, 1901, $100,000 4 refunding bonds. Be fore the sale was consummated, however, it was discovered that the old bonds were not all optional at present, but only P. S. Briggs & Co., Cincln.. .. .18,241 00 | Lamprecht Bros. Co., Cleve...$S,106 50 Denison, Prior Sc Co., C love ... 3.S40 60 First Nat. Bank, BarnesvlUe.. 3,076 CO W . R. Todd & Co., Cincinnati. 3.183 00 I Medford, Mass.—L o a n A u t h o r iz e d , —The City Treasurer has been authorized to borrow $200,000 in anticipation of the collection of taxes. Moscow, Idaho.— B o n d s V o te d . —This city has voted to issue special-improvement bonds. These bonds, we are ad vised, w ill not be issued until the work is completed, and w ill then be taken by the firm contracting for the work— the Alcatraz Asphalt Paving Co. of San Francisco. New Philadelphia, Ohio. —B o n d s A u t h o r i z e d . — The City Council has authorized the issuance of $3,000 6# sewer bonds. Securities are part of an issue of $50,000 bonds, of which $47,000 have already been sold. They are in denomination of $1,000, and w ill mature $1,000 on Oct. 1, 1911 and $2,000 on Oct. 1, 1912. Interest w ill be payable semi-annually. Newton, Mass.— D e s c r ip t io n o f P o n d s , —W e are advised that the $70,000 school bonds recently authorized w ill be issued in denomination of $1,000, dated Jan. 1, 1902. In terest w ill be payable January 1 and July 1 at the National Bank of Redemption, Boston. Principal w ill mature Jan, 1, 1922, No date has yet been fixed for the sale of these bonds. Norfolk (T o w n ), St. Lawrence County, N. Y . — B o n d S a le . — W e are advised that the $5,000 bridge ounds mentioned in the Chronicle Dec. 28, 1901, have been sold. Norwood, Ohio.— B o n d O J J e riv g .— Proposals w ill be re ceived until 12 M „ Feb. 6, by W E, Wichgar, Village Clerk1 at the office of W illiam R. Collins, Room 1505 J ohnstou Building, Cincinnati, for the following bonds : $999 80 b% T 10-year (serial) Buxton A ven ue bonds. 1,577 46 5% 1-lo-vear (serial) Tu rrill A ven u e bonds. 1,935 38 6% 1-10-year (serial) Marlon A venue bonds. Securities are dated Jan, 15, 1902, The amount of bonds to be issued may be reduced i f any assessments are paid in cash. A certified check for 5# of the amount of bonds, pay able to the Village Clerk, must accompany proposals fo r each of the above issues. Oil City (P a .) School' D istrict.—Bond Flection,—A t the election to be held February 18 the question o f issuing $15,000 school-house bonds w ill be submitted to a vote of the people. Oneida (N . V .) School District.— B o n d s V o te d .— A t an election held January 7 a proposition to issue $1,000 sue bonds carried by a majority of 125. As w ill be remembered, this district on Deo. 3 voted against the issuance of $6,000 bonds for this purpose, although $32,030 bonds were author ized for the building to be erected thereon, thus necessitating a new election. Pasadena, Cal,— B o n d O f f e r in g —Proposals w ill be re ceived until 5 i*. m ., January 29, by Herman Dyer, City Clerk, for $300,009 4* bonds as follows : J anuary THE 11, 1902. j CHRONICLE <$127,000 park bonds. Two hundred bonds of $085 each, maturing 10,860 yearly. 25.000 park bonds, Forty bonds of $025 each, maturing $1,260 yearly. 49,500 city-hall and Jail bonds. Two hundred bonds or $847 60 ouch, matur ing $1,23? 50 yearly. 20.000 fire-house bonds. Forty bonds of $600 each, maturing one bond yearly. 17.000 street bonds. Forty bonds of $437 ftd each, maturing one bond yearly. 0,000 well bonds. Forty bonds oi $150 each, maturing one bond yearly. 35.000 sewer bonds. Forty bonds of $H each, maturing one bond yearly. 75 5,000 sewer-farm bonds. Forty bonds of $125 each, maturing one nond yearly. 15.000 park-improvement bonds. Forty bonds of *875 each, maturing one bond yearly. Securities were authorized at the election held Dec. 9, 1901. They are all dated Jan. 2, 1902. Interest w ill be pay able semi-annually at the office of the City Treasurer. A ll bids must be subject to the right of the city to withhold $100,000 of the bonds until needed, and then to deliver the same in blocks of $25,000, as required for the purposes intended. A certified check for H of toe face value of the bonds bid for, payable to the Mayor, w ill be required with bids. Petersburg', Pike County. l»»d . — B on d Sale.— On January 7 $5,000 4:% bonds were awarded to J. F. W ild & Co., Indian apolis, at 100*15. A bid of par lees $100 com miss on was made by P. S. Briggs & Co , Cincinnati. These bonds are m denomination of $500. and w ill mature one bond yearly on Feb. 1 from 1903 to 1912, inclusive. Philadelphia, F a . —B o n d E le c tio n A u th o riz e d ,— Th e City Councils on January 2 passed an ordinance to submit the question of issuing $5,000,000 bonds to a vote of the peo pie at the February election. The bill provides for the fo l lowing disposition of the mocey to be raised by this loan : New school sites and bulld’s..$l,200,000 New sewers ......... . .. I,0u0,u00 Mains for distribution of fil tered water................... 1,300,000 Finishing fire-pipe line....... 3.0,000 T o ta l............ ........................... Dredging rivers............... ... $4C0,00 Grading streets........... .. Paving street intersections.. Macadamizing country roads. 80u,u00 200,000 30J,000 ........................................$5,000,000 The Mayor has signed the above ordinance. Ponce, Porto Rico.— B on d O ffe rin g .—Proposals w ill be received until 4 p . m ., January 31 (sale postponed from Dec. 30, 1901), by E. Chevalier, Mayor, for the $200,000 6# 10-20year (optional) gold bonds issued for various improvements and fully described, with terms of the sale, in the C h r o n i c l e of Dec. 21, 1901, on page 1327. Pond Creek, Okla .— B o n d E le c tio n .— A n election w ill be held February 11 to vote on the question of issuing $25,000 water-works bonds. W . H. M cKinley is Mayor of the city. N E W LO A N S . 113 Portlan d, Ore — Bids R ejected — B ond O ffe rin g . —A ll bida received Deo 30, 1901, for $50,000 10-year gold atreet and sewer-improvement bonds were r jected. Proposals are again asked for, this time until 2 P. M , January 18. and may be addressed to Thomas C Devlin, City Auditor. 8-curlties are in denomination of $550. Interest will be payable semi annually at the office of the City Trer surer. A certi tied check for b% of the amount of bid, drawn without conditions on a Portland bank and made payable to the Mayor, must accom pany proposals. Portsmouth, Ohio.— B ond O ffe rin g . — Proposals will be re ceived until 12 m ., Jan. 28, by Frank L. Sikes, City Clerk, for $13,000 4* coupon Levee and Embankment bonds Securities are issued under the authority of Section 2835. Revised Stat utes of Ohio. Th^y are in denomination of dated Feb. ), 1902. Interest w ill be payable semi annually at the Fourth National Bank. New York City. Principal will mature $1,0)0 yearly on Feb. 1 from i903 to 1915, inclusive. A c crued interest is to be paid by purchaser. A certified check for 5% of the amount of bonds bid for payable to the city of Portsmouth, must accompany proposals. Providence, K. I . —Bonds A u th o riz e d .—The City Counoii has passed an ordinance providing for the issuance o f $150,000 8$ highway bonds. Providence (P . 0. Labe Providence), La .— D e s c rip tio n o f Bonds. —The $20,000 5% water and light bonds mentioned in the C h r o n i c l e Dec. 14, 1901, under the caption of Lake Providence, w ill be issued in denomination of $500, dated Jan. 1, 1902. Interest w ill be payable semi annually in gold at the Hanover National Bank, N ew York City. Principal w ill mature in forty years, subject to call after twenty years. Rensselaerville (Town), Albany County, N. Y — B ond s A u th o riz e d .— T h e Board of Supervisors ba3 authorized this town to issue $4,000 bridge bonds. Securities w ill be in denomination of $500, dated Dec. 2, 1901. Interest w ill be payable annually at the office of the Town Supervisor. P rin cipal w ill mature one bond yearlv on February 1 from 1904 to 1911, inclusive. A . S. Coon is Town Supervisor. Ridgefield, Conn.—B o n d O fferin g . —Proposals w ill be re ceived until 12 M , January 18, by W illiam H. Bf ers, Borough N E W LO A N S . NEW ^ 5 5 0 ,0 0 0 . County of Dutchess, N. Y, TOWN OF WARWICK,R.I., $175,000 BONDS. COURT HOUSE AND JA IL BONDS. Borough of Ridgefield, Oonn,, PROPOSALS FOR $65,000 COUNTY HOUSE BONDS. Sealed proposals will be received by the Chairman of the Board of Supervisors on or before the 29TH DAY OF JANUARY, 1902, at one o’clock P.M., at which time the bids will be opened at the Court House in Poughkeepsie, N. Y., for the purchase of $240,000 of the bonds of said County, to be issued in any denomination desired by the bidder, and to bear interest irom January 2, 1902, at 3)4% per annum, payable semi-annually, the principa1to come due as follows : Of the Court House and Jail Bonds in an nual instalments of $6,000 each year for twentv-nine years, and $l,OoO in thirty Years; the County House Bonds in annual Instalments of $2,500 each year for twenty-six years. The purchase price to be paid and the bonds delivered on the 18th day of February, 1902, at the B*nkiDg House of the Poughkeepsie Trust Company, Poughkeepsie, N. Y., at 1 o'clock P. M. on that day. 8uch bonds are to be registered with the County Clerk of the County of Dutcbess. Each proposal must be accompanied by a deposit of of the bid either in cash or certified check, to the order of James H. Kipp, Chairman, for which his receipt will be given. Purchasers will be required to pay in addition to the amount of the bid accrued interest from Janu ary 2 , 1902, to da1 of payment. e I he right is reserved to reject any or all bids and no conditional bid will be received. Proposals should be addressed to James H. Kipp, Chairman. Poughkeep-ie, N. V , care of C. W. H. Arnold, Counsel of Building Committee,and marked ‘ Proposals for Bonds.” If further information is desired address Com mittee s Counsel. Dated, January 7,1902. JAMES H. KIPP. 'REGINALD W. RIVES, J. W. DeLAMATJCK. MILES K. LEWIS, K. L. W INAN8, Committee Court House and Jail. JAMES H. KIPP. STEPHEN ROBINSON, H FREMONT VAN D J WATER, h GEORGE A KINNEY", FRANK FOWLER, Committee on County House. C W. H. ARNOLD, Counsel, . Poughkeepsie, N. V. N O T I C E T O B O N D HO LD ER S. FERGUS CO., MONT. Notice is hereby given that the County Treasurer Fergus County, State of Montana, will, within thirty days of this date, redeem all outstanding bonds of said county of the issue of 1892. Interest on said bonds will cease at the expiration of said jenoe. Dated this 18th day of December, 1901. By order of the Board of County Commissioners, C M KELLY County Clerk of Fergus Co., State of Montana. $ 4 0 0 ,0 0 0 Three and One-Half Per Cent 30-Year Gold Bonds. Sealed proposals for Town of Warwick Bonds addressed to J. B. Allen, Town Treasurer, in care of Rhode Island Hospital Trust Company, Provi dence, R. I., will be received at the office of the said Trust Company, until 1 o’clock M., WEDNESDAY, 2 JANUARY 15, 1902, for the whole or any part of the said bonds. The bonds will be in coupon form of $1,000 each, dated January 1, 1902, and become due January 1 , 1932. Interest will be paid semi-annually on the first days of July and January in each year, at the office of the Rhode Island Hospital Trust Company, Providence, R. I. Both principal and interest payable in gold coin of the United States of the present standard ol weight and.fineness. The above loan will be Issued in accordance with a resolution of the Town of Warwick passed at a meeting held September 3,1901, and an Act of the General Assembly passed on the 20th day of Novem ber, 1901. These bonds are secured by sinking funds, as pro vided by Act of the GenerallAssembly. i he right la reserved to reject any and all bids. The valuation of the taxable property of the town in 1 0 was $15 840,170. 91 Total indebtedness, November 1901, $366,500. Bonds must be taken and paid for within five (5) days after notice of acceptance of bid. Further information may be obtained from the undersigned. JOHN B. ALLEN, Centreviiie. R. T ., HENRY L. GREENE, Riverpoint. R. I., CHARLES H. PERKINS. Providence R. 1., ROBERT B TREAT, . Centreviiie, R. 1 ., ALBERT G. SPRAGUE, Riverpoint, R. I., Committee, $ 7 5 ,0 0 0 G O L D BONDS. Sealed proposals will be received by the Treasurer of the Borough of Ridgefield, Conn., at his office in said Borough until SATURDAY, JANUARY 18, 1902, at 12 o’clock, noon, for the purchase of fifty thousand dollars of the bonds of said borough to be issued for the purpose of defraying the cost of a general system of sewerage for said borough. The bonds to be issued will be fifty in number, for one thousand dollars each, dated as of January 1 , 1902, payable in thirty years, with an option to re deem at par after twenty years; will bear interest at the rate of 3 4 per cent per annum, payable semi ^ annually, January and July; will have coupons at tached for each half-year’s interest, payable at the Merchants’ Exchange National Bank, New York City. The purchase price to be paid and the bonds delivered within thirty days from January 17, 1902, at said Merchants’ Exchange National Bank. Each proposal must be accompanied by a certified check to the Treasurer of the Borough of Ridge field for five per cent of the face value of the bonds bid for, which will be returned to the unsuccessful bidder immediately after the award is made, hut in case of the successful bidder will be retained and applied on account of the pu?chase price of the bonds, or as a guaranty for the performance of the bid. Bids must provide for the payment of accrued in terest from date of bonds to date of delivery. No bid will be received at less than par and accrued in terest. The Borough reserves the right to sell under any bid made but $40,000 of said bonds, and also to reject any and all bids made. Proposals should be addressed to “ William H. Beers, Treasurer, Ridgefield, Conn.,” and marked “ Proposals for Borough Bonds.” By order of the Warden and Burgesses. WM. H. BEERS, Treasurer. M U NICIPAL AND Public Service Corporation BONDS. E. H. R O L L IN S & S O N S City of Montgomery, Ala., 4 0 - Y E A R BONDS. LOANS BOSTON. D enver. San Francisco. Sealed bids will be received by the City Treasurer until V Z o’clock noun, J a m in ry 20. 1902, lor the purchsHo of seventy five thousand hollars City of Montgomery, Ala.. 40-year. bonds, author ized by Act of Legislature 1901; denomination of B A N K E R S , $1,000 each. Interest to be paid sem1-annualIy, Jan uary and July, at the American Exchange National Bank, New York. All bids to bo accompanied by a certified check for one thousand dollars. Coupons receivable for taxes and licenses. The City reserves 15 W a l l Htreel, N o w Y o rk . the right to reject any ami all bids. R . S. WILLIAMS, STATE, CITY & RAILROAD BONDS. City Treasurer. Blodget, Merritt & Co., 16 Congress Street, Boston. THE CHRONICLE 114 Treasurer, foi $',0,000 'i%% gold sewer bonds. Securities are in denomination of $1,000, dated Jan. 1, 1002. Interest will be payable semi annually at the Merchants’ Exchange National Bank, New York City. Principal w ill mature Jan. 1, 1982, subject to call after Jan. 1, 1922 A certified check for 5# of the par value of the bonds bid for, payable to the Bor ough Treasurer, must accompany proposals. The successful bidder will be required to pay accrued interest. The official notice o f this bond offering w ill be fo u n d among the advertisements elsewhere in this Departm ent. Koanoke, Ya. -B on d Election ,—An election will be held February 20 to vote on the question of issuing $25,000 park and cemetery bonds. liocliestcr, N, Y .— Tem porary L o a n .— This city last month borrowed $120,000 from the Broadway Savings Institution of New York City at 4# interest and $441,000 from Dunscomb & Jennison, New York, at 420#. Tem porary Loan . —This city on Dec. 81, 1901, negotiated a loan of $261,000, one half with Lunt & Robbins of Rochester and one-half with tbe Rochester Savings Bank at 390$. Fol lowing bids were received: nunt & Robbins. Rochester........ 8 0 S I Blake Bros. & Co.. New York....... 4 00* '9 «< Rochester Sav B’ k, Rochester.. ,8-90* Broadway Sav. Inst., New York. ATOjf Genesee Valley Bank, Geneaeo.. A ’00% I Dunscomb & Jennison, N. Y ,,.,. ,4*15% Island, 111.— Bond Sale .—This city has sold to local investors $25,000 5$ refunding water bonds. Securities are in denomination of $1,000, dated Feb. 1, 1902. Interest w ill be payable semi-annually at the office of the City Clerk. Principal w ill mature Ftb, 1, 1922. Rutland, Y t .— Loan A u thorized .—The aldermen have authorized the Mayor to issue temporary loan warrants amounting to $10,000 at not exceeding 6 per annum and to % mature not later than Oct. 20, 1902. Sandstone, P in e County, Minn.— Bond O ffe rin g — Propo sals w ill be received until 8 p m ., January 22, by Geo. MoNeil, Village Recorder, for $11,000 5$ 20-year refunding bonds. Securities are in denomination of $1,000, dated Feb. 1, 1902. Interest will be payable annually. Salem, Ohio,—Ronds A u th o rized ,—The City Council has authorized the following bonds : R ock NEW LOANS. BOND CALL. City $50,0 00 W IL D ) & C O ., B a n k e r s , Indianapolis. W E O W N AND O FFER $465,000 A M E R IC A N H O M E TELEPHONE CO. N. Y . Office, 1442 B r o a d -E x c h a n g e Bldg. BOSTON. Beal e x c lu siv e ly In M u n ic ip a l, R a ilr o a d a n d otHer b o n d * a d a p te d fo r tru st fmmds a n d sa v in g *. IS S U E OR CREDIT OF T H E WORLD. TRAVELERS’ LETTERS A V A IL A B L E IN A L L PAR TS Quotations furnished for purchase, sale or exchange. SEND FOR LIS T January Investments. M U N IC IP A L , R A IL R O A D AN D CORPORATION BONDS. FARSON, LEACH & CO,, CHICAGO. NEW YOEK, MASON, LEW IS & CO. BANKERS, CH ICAG O , Nsnadneok Building, BOSTON, 60 Devonshire Sf, M U N IC IP A L BONDS* Ra il r o a d C O R P O R A T IO N Choice Issues, New Orleans, L e „ 4s. Town of Covert, N. Y ., 316s. Allenhnrst, N. J., 43^8. Perth Amboy, N. J „ 4s. Southern Fines, N. C., 6s. Y o rb (Pa.) County Traction Co„ gold 5a. EDW. C. JON ES & C O ., N EW YO R K , P H IL A D E L P H IA , 824,000 (Total issue 875,000) C A P IT A L STOCK OF T H E Hampshire & Worcester Street Railway Co. Approved by the Mass. RR. Commissioners. BARNARD & GILBERT, C. D. KNAPP, JR., & CO., E. S tr e e t R a ilw a y 7 E X C H A N G E P E A C E , BOSTON. a n d H as C o m p a n ie s G IST ON A P P L IC A T IO N . MacDonald, McCoy & Go., MUNICIPAL AND CORPORATION BONDS. 1 N ASSAU STR E E T - 112 SO. FO U R TH STR E E T WJS OFFER , TO Y IE L D 0%, Call or write for price and full information. BANKERS and BANKERS, 31 N A SSA U ST., N E W Y O R K . CHICAGO. C H IC A G O . Collateral Trust Gold Bonds. D e a le rs In In v e stm e n t Securities, 31 Nassau Street, 153 L a Salle Street, N E W Y O R K C IT Y . C H ICAG O . W h eelin g, W. Y a.—Bonds Defeated.— The proposition to issue $412,400 refunding bonds was defeated at the election held Dec. 28, 1901. Youngstown, Ohio.— Bond Offering.— Proposals w ill be re ceived until 2 p, m ., January 27, by W m . I. Davies, C ity Clerk, fo r $1,400 5# Pearl Street grading bonds, m aturing $280 yearly on October 1 from 1903 to 1907, inclusive. In terest w ill be payable semi-annually at the office o f the C ity Treasurer. Purchasers must be prepared to take the bonds not later than Feb. 3, 1902, the date o f the bonds, the money to be delivered at one o f the city banks or at the office o f the C ity Treasurer. A certified check for 2% o f the amount o f bonds bid fo r must accompany proposals. 238*240 La Saiie Street, 4* Conrt House Rebuilding Bonds. F. Seasongood A Mayer, Cin..... *87.081 62 I P. S. Briggs & Oo„ Cincinnati.*$7,000 W it, Kieybolte & Co., C lncln....*7,086 00 I New 1st Nut. Bank,Columbus. 7.000 0 » 8 -----I W It. Todd & Co. Cincinnati. 6,860 00 * And interest. For description o f bonds see C hronicle Dec, 14, p. 1279. INVESTMENT SECURITIES, M eL E A N C O U N T Y , IL L IN O IS , J. Securities w ill all be dated Feb. 1, 1902, and the interest w ill be payable annually. Seym our (T e x .) School D is tric t.—Bonds Approved — The Attorney-General has approved the $20,000 school bonds described in the Chronicle N ov. 23. Sibley (I o w a ) School D is t r ic t ,—B o n d s V o ted , — This dis trict has voted to issue the $10,500 school building bonds mentioned in the C hronicle Dae. 14, 1901. The vote stood 118 for to 1 against. Sioux County, Io w a .— Bonds Voted,— This county on Dec. 18, 1901, voted in favor of issuing $60,000 court house bonds. Toledo, Ohio.— B o n d s A u t h o r i z e d , — The Common Council has authorized the issuance of $7,992 69 H South Street No. 4 improvement bonds, to be dated Jan. 3. 1902; also $6,157 85 Fern wood A venue bonds, to he dated Jan. 18, 1902. W ayn esville, Ohio.— Bond Sale.— On January 6 the $7,000 25 year w ater and electric-light bonds, dated Dec. 2, 1901, were awarded to Seasongood & M ayer, Cincinnati, at 1O1T60and interest, F o llow in g are the bids ; INVESTMENTS. Qeo. D. Cook Company, H. W . H A R R IS & CO,* ■ Dated November 1,1901. Denomination, $1,000 each. $7,000 due November 1, 1904. 26.000 due November 1,1905. 17.000 due November 1,1906. Price yielding 8J4 per cent. Assessed valuation.......... $19,309,778 Actual valuation ................................ 99,648,890 Indebtedness, including this issue......... . 328,000 Population, Census 1900, 87,843. City of Bloomington is the county seat. The entire bonded debt o f this county was ereated to rebuild the Conrt House destroyed by fire about two yeaTS since. McLean County is not only the largest in the State, 1,166 square miles, but is one Of the most fertile and wealthy. Legality of issue approved by Storey, Thorndike & Palmer, Boston, Mass. $14,000 6* 1-10-year (serial) Hast Sixth Street Improvement bonds, in denom ination o f $1,400. 8.000 5 f i-io-year (serial) Penn Street improvement bonds o f $800 each. b,000 5* 1-lo-year (serial) Columbia Street improvement bonds, in denom ination of *800. 5.000 6* 1 u.-year (serial) South Lundy 8treet improvement bonds, In de nomination of tfcO . O 1,500 5* l 10-year (serial) Chestnut Street improvement bonds, in denomina tion o f $160. INVESTMENTS. of Minneapolis, Minn. TO W H O M IT M A Y CONCERN: Notice is hereby given that pursuant to resolution duly adopted by the City Council of the City o f Min neapolis, on the 13th day o f December, A. D, 1901, the said City o f Minneapolis will, on the first d a y ofA p ril, A. D. 1902, exercise Its right and op tion to pay, and will pay, all those certain outstand ing bonds of the City of Minneapolis, issued and sold pursuant to a resolution adopted by the City Council on February 16, 1882, approved February 20, 1882, to tbe amount of $866,000, numbered consecu tively from 604 to 969, both Nos. inclusive, bear ing d a t e A p r il 1, 1 8 8 2 . in denominations o f $1,000 each, bearing interest at 4*4 per cent per annum, and payable at the option o f tbe City of Minneapolis at any time niter 20 years and not looker than 30 years from the date ot their issue, which said bonds are hereby called in, and the holders thereof are hereby notified and required to present the said bonds for payment to the United States Mortgage & Trust Co., 59 Cedar Street, in the City of New York, N. Y., on the said 1st day o f April, A. X >. 1902, at which tim e said bonds and each thereof will cease to bear interest. JOSHUA ROGERS, City Comptroller. [ V o l , LXXIV, 17 1 L a Salle Street, Chicago. F. R . F U L T O N & C O ., M 171 u n ic ip a l LA SALLE B o n d s , STREET, C HICAG O . W e own and offer $150,000 M U N I C I P A L BONDS. SO C O RR O COUNT Y, N. M.f C. S t a n w o o d & Co., Funding 5s, dne 20-30 years, BANKERS, Descriptive Circular Upon Application, 121 Devonshire Street*. BOSTON. First National Bank lluUdL'si. Clilcase. T R O W B R ID G E & N1YER 0 0 ..