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1 ' I 1 1 1 pnanrml Supplement Quotation Street Kailwai| Supplement (^^m^^iy) (Monthly) Investors Supplement (guaneriy) State and [Entered aooorclln«; to Act of OongreBit, lu the year 1900, by the WiLUAic B. VOL. DAVA OoKFAirr, In the office of the Librarian of Oongreu.] SATURDAY. JANUARY 72. Ci^ Supplement (^im^^ NO. 19, 1901. Week tnding January Olearingi PUBLISHED WEEKLY. Terms of Sabscription— Payable in Adrance: Por One Year $10 00 For Six Months 6 00 Bnropean Subsorlptlon (InoludlnR postage) 13 00 Baropean Sabscription Six Months (Inoludlng postage) ....... 7 50 Ajinaal Subscription In London (Inclndlng postage) A2 14 b QlzMos. do. do. do. Allls. Above sabscription Includes— Thh Qootation supplement Street Railway Supplement THB INVK8TOK8' SUPPLEMENT state and citt supplement Terras ol Advertising—(Per Incli Space.) Transient matter $4 20 Three Months (13 times) .$29 00 " STANDINQ BUSINESS 0ABD8. Six Months (26 ).. .50 00 " ).. 87 00 Two Months (8 times) . 22 00 Twelve Months (52 . . London Agents: Messrs. Edwards & Smith, 1 Drapers' Gardens, E. O.. will take subaorlptlonB and advertisements, and supply single copies of the paper at Is. each. WILLIyim B. DANA COnPANf, Pabllshers, Pine Street, Corner of Pearl Street, Post Office Box 958. NEW at— 1901. New York.... Philadelphia. PittBburK Baltimore.... Buffalo WasbinKton.. 889.037,717 1.097,6ifl,40a 109,8-.0,0-i4 88.516,127 36 280,470 S!8.567.30r 85,0fl.').9»4 ai./88,434 eess.eeo 6,840.113 8,113,760 3.100.881*, 2,740,600l 8.307.243 8.481.109 8.018.899' 1,898.0B5 1,5)3,919; 1,527,532 1.064,668, Albany Rochester.... Syracuse ScrantOD WllmlnRton., 1.037.297 Binerhamton,. Chester Total Middle 14S648.779 3,C3->,827 New Haven Portland 1.876.279 1 3 4,846 1.360,519 1,359,386 Fall River 1,010,3.35 Worcester Lowell New Bedford Holyoke New Bng... Cincinnati Detroit Cleveland Milwaukee. .... Indianapolis The following table, made up by telegraph, etc., indicates that the total bank clearings of all the clearing houses of the United States for the week ending to-day, Jan. 19, have been $2,501,369,829, against $2,659,032,303 last week and $1 678,097,496 the corresponding week of last year. Peoria Toledo Grand Rapids Dayton Evansvllle Young atown Springfield, 111 Lexington Akron Kalamazoo Rockford Springfield, Ohio... Canton Clkabinos. Retu^tu by Telegraph, New York.... Boston. Philadelphia. Baltimore.... ChlOEKO St. Loula New Orleans. Seven Other cities, 6 cities, 5 Total Total 6 days. tor week. P. Oeni $S34,3 17,711 +742 Salt 189,699,366 118,007.460 Portland 89,383,190 79 809.678 19.982.630 16.958,788 +18-8 +11-9 +17-6 +«•« 181,185 078 113483.633 3«,131.4''fl 28,880,487 11,801.893 11,096.019 111.... Qulncy Tot.Mld. West'n. San Francisco tl,453,131,893 Lake City Los Angeles Seattle Spokane Tacoma 11,199,558,726 803,798,493 +56 +15-8 Helena Fargo Sioux Falls Total Paclbo Kansas city Minneapolis 18,097,868,815 $1,403.5 9 218 +49-4 St. 407.011,014 274,648,278 +482 t8>504,86e.82S $I.e7d.0J7,496 +49 8 St. Joseph Des Moines •The full details of clearings for the +261 + 6-4 3 Omaha Paul Denver Davenport.. Sioux City Topeka week covered by the above statement will be given next Saturday. of course, furnish Jacksonville, 19. 1900. 886,164,988 day all cities 1901. $1,861,193,880 days all cities, All cities, 1 days. Week Ending January We cannot, them Wichita Fremont. Hastings Tot. other West.. St. Lonis 160,193,846 188,22^,6»5 17,180,200 880,070. W6b 808,860,979 17 593.433 2.844 174 1.989 346 2.767 096 1,949,213 80,949,444 8,366.410 8,781,452 8,981,143 9,186,705 1,001,878 1.201978 646,909 488,791 815,669 923,750 492.037 888.718 177 994 86 551,273 +6rHi +6-9 -2 4 -9-1 +78 +17-1 -8-8 +»*5 +191 +500 +87 3 +5 6 +0 -10 +30 6 1 +20-8 161.410,447 124,406,568 16,557.350 8,697,108 9,686,685 6,914.494 6.7;i8,700 3,617,763 1.870,071 1.776 327 1, 126.690 958.212 684,068 899.016 433,096 +16 134,«S1 187.676: —+fl*5i 10 8 2' +0-;: | 13.776.60H 797,000 771.907 682 319 810 078 19.149 171, 14.602 830 8 4><9 808 < 0.33 4>W, 4l.305,0"9 lOSfv-^sas* 2,5R8 1.549 1.809,1(18 a87,6-5 881.034 600.000 +3'J-3 688,460 922 16,774 6550ii «« 114,890 86 9^9 858 10,797.821 7.785,870 6 436 496 OM 4 869 8.4 43 377 1.761.t2i 1.073,687 648 106 731,563 550.439 507 800 110 417 90.730 86.199 308 80 876 758 14,950 908 8.9O0 087 8,787 9WI l,49rt.H57l 5 4'<3,*74 1 HiVM-i'^ 954 613 1.378 5)7 +26V 777,t-01; 7a7.M8 +l»*fl +23 6 615,970 532.433 +89-4 -3,1 + 60 « +18 9 +68 +18-8 +49-4 +18 7 +14 3 +37 « -as + 16-8 t63,74S +8-8 674.16.' 764 5il —81-6 79^,.''5>» +1"^ 34 5Sa ^»* 891668 6,311,856 ^01 ,?80,08 T.324 1,139.338 637.C31 878,400 500,000 8,892 850 SS-^sgiO 8,602,N33, 1.756 .Sd? + l-i; 1,48').728 3,76^.360 +34-9 +7-5 +8»"0 +18-5 851510 833,088 193 838 8,7.S4 2lJ0| 3."572 2'i a 441 379 83 931.614 I 12,543.318' 3 480,665 648,30 1,376.»80 850.000 816,0001 481,725 439,^36 8 98,339 I -i9*3| -OP + 196' 44 107 4i*'j S3 eeO 631 +M« 1,571,904 1,616.196; 1,185 S>' 1,100,OOC + 7 337107 166,095 078 17.114 448 1.890 651 1,878.867 16 2-18.860 8,543.325 1.595.79 V 1,675 000 1.200 000 1.051.875 771,147 84,505.716! 10,651.278 3 + 16-6, 8ar7"768 188.989 2 12 + 13-H1 +69 +3 3 -16-6 14.188.550 7,041,848 7,886.468 5 410.908 4.635,300 8,690,573 1.913.121 8.033.838 1,896,418 896,808 468,700 311,300 378 541 48,451726 +8-6 +8-3 188.816000 106,067,4'i6 666 625 893,800 409.489 268 217 288.996 225 071 150,000 55 210 798 40 2-!4 011 Jacksonville 99.251 U4W Total Soatbern... Total all 1,669.033 SOS Outside N. York.. 760,104 686 Vancouver.... Total C.inads +3-6 -4'1 +47-9! -t-17 2,06;! John -114 +5 9 -6 2 +90 8,606 660 1,866,710 1.636.896 1.4 8.588 651,6»6 1,700.000 Victoria —10-2 595 687 456 960 Atlanta Hamilton -7 8 +7 1 1,148 6*5 3,i'3'.rt2;! St. +119 7 ."I 8,634.0061 4 267,241 Halifax 8 9 +35 6 315 850 Winnipeg +5 +17 3,749.773 1,678.626 1,555,064 1,672,108 1 ,408,834 963,878 761,638 669,993 640, 880 860, COO 11.871.388 9.759 018 7.163 9T2 4.84 2,192 3,560 9r8 8,613,451 1,855.079 691,038 917,717 S 17 108 423,93 !i 138 fifS 112 "M Richmond Memphis Montreal Toronto +2-0 +3-0 —8-8 -4'3 +4-6 6,361.^' 00 1.680,317 1,726, 6)2 1,749, 983 1.020, 930 916, 816 +379 i^avannab Chattanooga -2 9 +6 8 7.039 000 3.202 619 2.803 637 18,776 394 10,294 913. 6,533,809 5 154 953' 6,803.766 8,530.071 have to be in Birmingham Macon Little Uook —0 +33 —3-2 -4-8 17,619,103 11,186,538 6.679.009 6.518.491 4,477,330 8,644,901 1,889,115 954,149 1,347.324 1,132,869 457,660 143,705 167.114 3.i:»C)00 3,87M,a7S Fort Worth +66-9 1,408,468 .0l6!l 016,520,441 +5*2" 140,791 ,600' 113.619.393 86,185,4^5 4.163.000 6,000 010 Augusta KnozvlUe +8 9 +7 7 +17-9 Houston Nashville Norfolk + 166 30.145,841' Galveston cases estimated.as we go to press Friday niglit. our usual detailed figures for the previous week, covering the returns for the period ending with Saturday noon, January 12. and the results for the corresponding week in 1900, 1899 and 1898 are also given. The present agd;regate, both for New York and the whola country, is the heaviesb on record. In comparison with the preceding week there is an increase In the aggre,?ate exchanges of three hundred and three million dollars, the gain at New York being two hundred and ninety-eight millions. Contrasted with the week of 1900 the total for the whole country shows a gain of 49-4 per cent. Compared with the week of 1899 the current returns record an increase of 39*8 per cent, and the excess over 189^ is 84-1 per cent. Outside of New York the increase over 1900 is 12-7 per cent. The excess over 1899 reaches 18-3 per cent, and making comparison with 1898 the gain is seen to be 390 p. c 1.7d8.667 1,110,668 963,035 837.40« 402,100 —70 +436 678,168 889.682 118,873 9,128.i:)6 all 2071,206 +22-9 -439 +818 1.608.935! 826.968' 891.187,281 74.811,615 19,195,510 19,757,675 4,468,106 2,454.140, +17 l.iaCO'M 22,P46,9»9 82.19i.3U8 4,813,457 2,500,000 2.139 88S 1,563,927 1,012,091 967.469 465.800, 300,000' 2.126,7791 2.283 22 i 1,674,768 260 000 18«8. 4 +21-0 9 86)014 We present below +0 3,318.665 1,294,389 930,001 866.043 634,299 472,291 447,700 683.363 303,368 368,360 871.809 176,731 1899. +20 7 +28-8 Louisville Orleans +15-0 +13-7 8,634,0101 10,887,2981 6,978,836 6,600,000; to-day, bank clearings being made up by the various clearing houses at noon on Saturday, and hence in the above the last twenty-four hours of the week New +27 990,723 673,792 547,853 368,168 167,441,8^3 145.494.169 80,24 >,200 10,687,161 14,096,539 6.428.244 6,000,000 4,163,584 2.488,777 8,515.672 1.488,480 1,370,086 872,483 375,788 618,198 698,501 679,000 659,401 299,163 860.534 293.861 800,446 852,810 18. +72-2 1.251,901 9P0 +24-0 96,518.103 1,281.0481 693.203 602,813 352.507 Columbus CLEARING HOUSE RETURNS. 111.345.736 7.262,800 2 912.789 1.636.880 1,464,871 1,390.286 7.8vi»<.000 Sprlugfleld P. Cent. 498.900 812.110 2.081.505.436 1,254,603,418 Boston Providence Hartford Total 897,103! 643,3)0 886,814 Chicago TORK. 1900. 1856. +83 +19 7 2 881066 1,0X3.118, 4-<l 56S| 471 .H90 moMo 5-4.000 ^(fi 388167 81S C74 8.8 561 338 670 9*9 <m 77 1»3 5Se 4 II 79,3ie M* 90 '.Mfl <^V ,444 504.715 660 7tl.7)«ai 5Sj( .'iST.lSl 0S6.4VS 15..S':3 29?I K 0.767 O'il 1,-85 50 < 1.48J.O** 7«oo*:>i 166 678 101 I I &M 6«7.;8» 615 V7^ I »«9«"6T8 THE CHRONICLE. 106 THE FINANCIAL SITUATION. [Vol. LXXII. though a construction that was certainly never intended by Congress. It is full time that this error the should be righted and the roads be given a chance There has been a very considerable reaction in Stock Exchange market this week. No causes other to share in the prosperity every other interest than such as have existed for some time can be held liberty to enjoy. is at chiefly accountable for the declines in railroad proper- A ties. new and adverse feature in industrials has no doubt occasioned solicitude, the fear being that a serious break might disturb the relations between the companies engaged in the various branches of the iron and steel trades; this oj^ened a vague possibility of a wide derangement which very likely had some un settling influence in the railroad as well as in the in dustrial departments of the market. weeks another source of unrestfulthe surroundings which has kept the way pre- there has been ness in Be that as it may, Ifor pared for a back-set; that suggestion has reference to the high prices ruling for railroad stocks. We do not really mean that these values may not be more than Wall Street generally justified later in the season. discounts the future; sometimes by a rapid flight gets a little too far in advance of it existing develop- This is one of the occasions when the future possibilities have been and still are so big with promise that anything having even a shadow of pessimism necessarily would be at a decided discount. Conditions for trade development have not only looked bright, but permanent, showing such a wide horizon, without a cloud in sight anywhere, that every device proposed for increasing future income has in imagination been fully and at once achieved, and the expected results registered in the price of the securities concerned. ments. We had supposed that no currency was legislation attempted at this session of Congress, It appears, however, that Congressmen Hill, Overstreet and Levy have each introduced a bill in the House, and last week the Committee on Coinage, Weights and Measures had a hearing on the proposition, covered by all three bills, to provide for the exchange at the option of the holder of the gold and silver coins of the United States. We suppose no opposition would be met if the attempt was made to pass a measure embracing that single point, but it is believed to be necessary to add to the proposed bill some kind of method for accomplishing the exchange which would probably lead to discussion. It does not appear to us that the enactment of the simple proposition that the coins shall be exchangeable, is so important a matter as to reto be quire haste ; and as soon as the effort is made to add other propositions, differences arise which will call for more time than can be found the current ject at the Committee what broad last issues session. give to the sub- The hearing week showed were therefore, that likely We the subject was opened. opinion, to it to clearly be before enough started if are strongly of the would be better if the whole matter were deferred until the first session of the next Congress. What confirms us in this view is that very many good judges think that there are other matters affecting the gold standard calling for The echo from quite a portentous aflBrmation, legislation which are even more important than the coming up from the hills of Pittsburg, was heard in exchangeability of the gold and silver coins. It is Wall Street last week. It left a writing on the wall not needful to mention them now, and indeed we The experience of the of the Stock Exchange to the effect that the gentlemen's hardly think it desirable. agreement has failed in the past and will fail again. gold standard law during the coming twelve months This was a mere reminder of a historical incident, with may change prevailing views materially with regard no other facts to support nor with any argument to to some of its provisions. Next year, too, there will There are, though, times be more time for deliberate action. For these and justify the horoscope. when even a growl is, and should be, disquieting ; at many other reasons we incline to the view that it night in the backwoods it has a ring of defiance that would be better not to open the currency question this leads the huntsman to feel for his gun. Just now it year. is to be heeded because it has reference to an obvious weakness in the situation that railroad men are to-day In a separate article on a subsequent page we retrying to bridge by the creation of a joint interest, view the gross earnings of the railroads of the United and which the lack of legal power to combine States for the late calendar year. The results dishas made necessary, and which the restoration of that closed, when taken in connection with the succes- Moreover evidences are multibeing offered by the dozen in State legislatures evidences which are a feature every year soon after the first of January when the State law-making bodies are in session that railroad inter power would fortify. sive increases in plying in the bills growth so noteworthy and so marvelous that we feel the reader's attention should be called to tne same. The gains during the last four years, that is since the Presidential election of 1896, have been of such magnitude that they have effected a complete transformation in the outlook and condition of railroad — — molested in many States. These thoughts and the portentous suggestion referred to, should lead those who are chiefly interested in this great industry to further efforts in seeking to obtain authority for pooling arrangements between the companies. It is a gross wrong that the law has been so long left to stand as interpreted by the courts. Congress ought not to delay to grant the needed priviRailroads have been for lege at the current session. many years the football of politicians. But it was a judicial decision that brought in the crudest method a method born of ignorance and nurof treatment tured in the school of communism through a reading of the Trust law which was, we may presume, correct. ests are still likely — to be — previous years, reveal a record of property in this country. That the statement is true concerning many separate properties is of course known With to every one interested in these properties. greater emphasis does it apply in the case a system as whole, for there we see reof the railroad vealed the collective results of the expansion in revenues by these separate roads. A truly remarkable aggregate is in that way disclosed, with an amount of increase in revenues which has no parallel in railroad history. We shall not attempt here to repeat the figures contained in the article referred to, but will merely say that the prodigious enlargement of railroad still January THE CHRONICLE. 19, 1901.] earnings which our compilations make manifest, lies at the basis of the great appreciation that has occurred in the market values of the securities of United States railroads during the last and 172,066,300 5 per cents of 1904 had been refunded, and that the amount paid for premiums on the old bonds was $43,538,309. cents of 1907 few years. The market The improvement 107 in revenues noted in the fore- going has, of course, involved an improvement in the position of the shareholders of the different properties. Larger dividends have followed as the result. Eailroad managers have as a rule been quite conservative, devoting a large part of their increased profits to the physical betterment of the properties from year to year, and entering upon new or enlarged dividend returns only slowly and very cautiously. As the gains in earnings are continuing and growing, however, the number of dividend- paying stocks is being gradu- This week there were two further adally increased. ditions to the list, the Buffalo Rochester & Pittsburg announcing the commencement of dividends on its common shares and the New York Chicago & St. Louis, or Nickel Plate, the beginning of dividends on its sec ond preferred stock. The Nickel Plate is one of the parallel lines built in the eighties which the Lake Shore & Michigan Southern was forced to take over in As an ally of the Lake Shore it was self protection. given a future which it could not have as an independ- for money has been easy this week, re- completion of the disbursements of .January interest and dividends by the banks and trust companies, the excess of payments over receipts by the Treasury, a movement of gold from the Pacific Coast and a large return flow of currency from the interior. Money on call, representing bankers' balances, has loaned at the Stock Exchange at 5 per cent and On Monday loans at 2 per cent, averaging 3 per cent. were at 4 per cent and at 2^ per cent, with the bulk flecting the On Tuesday of the business at 3 per cent. tions were at 5 per cent and majority at 3 per cent. transac- at 2^ per cent, with the On Wednesday loans were per cent and at 2| per cent, with the bulk of the business at 3 per cent. On Thursday transactions were at 3 per cent and at 2 per cent, with at 3^ On Friday loans were at 3 per cent and at 2 per cent, with the bulk of the business at 2^- per cent. Banks and trust companies have loaned generally at 3^ per cent, though some have marked their rates down to 3 per cent. Time money is freely offered not only by local instituUnder Vanderbilt management dividends tions, but by those in the interior, while the inquiry ent]line. on the Ist preferred shares have been paid for a num- is only moderate, most borrowers being inclined to ber of years, but not with any uniformity or await a reduction in rates. On choice security, loans be- have been made at 3| per cent for six months, but is annual) the dividend (which regularity, full such transactions are exceptional. and the Quotations are lean years, ing omitted in entitled ninety days and 4 per cent to which the stock is 6 per cent 3f @4 per cent for sixty to being paid only every now and The second then. majority the at for longer periods, 3 per up to six months, cent. on good mixed Stock Exchange collateral. The demand for comhave never previously had any return. The com- mercial paper is improving and there is not only a pany's income account for 1900 shows a fair surplus good local but also a somewhat urgent country inafter allowing for this 2 per cent and the 5 quiry which tends to absorb all offerings. Rates are per cent on the first preferred stock. The Buffalo 3f @4i per cent for sixty to ninety day endorsed bills Rochester & Pittsburg is a bituminous coal road receivable, 4@4| per cent for prime and o@5i per which made a good record even in times of depression, cent for good four to six months single names. preferred shares which are to receive 2 and which now that trade is active finds per it cent possible England minimum rate of discount remains unchanged at 5 per cent. The cable reports discounts of sixty to ninety day bank bills in London 4@4|^ per cent. The open market rate at Paris is 2^@ made on this issue. 3 per cent, and at Berlin and Frankfort it is 3|@3f per cent. According to our special cable from LonThere has been no change in the official rates of don the Bank of England gained £1,554,988 bullion discount by any of the principal European banks this during the week and held £31,169.331 at the close of week. It is announced, however, that the Bank of the week. Oar correspondeni further advises iis that Norway has reduced its rate of discount from 6^ per the gain was due to receipts of £1,465,000 net from Tne Bank not only to give the preferred stock its full preference of 6 per cent, but to inaugurate dividends on the common stock. The payment on the common shares is to be 2 per cent, and will be the first ever cent to 6 per cent. The unofficial rates at the chief centres are invariably below the ing comparatively easy last rates, indicat- monetary conditions. feature of the statement of the Banks Bank New York week wis the increase Associated which $8,133,700 consisted of specie and$3,514,800 of legal tenders. There was an unexpectedly cash, of The the interior of Great Britain, to the import of £140,000 (of which £120,000 were bought in the open The market and £20,000 of ^11,(548,500 in small increase of $4,042,800 in loans. of deposits were augmented $14,386,100, and the surplus reserve increased $8,051,975, to $22,398,050. Though a few imperfect cases are now pending, the settlement of applications for the exchange of fundable bonds for the new 2 per cents is practically completed, and the total reported on Thursday was $4i5,725,950. The classification of the refunding operations up to January 11, when the total ex changes were $445,383,250, shows that at that date «98,597,900 of 3 per cents of 1908, $274,719,050 4 per received from Australia), and to the export of £50,000 to India. While the actual gain in gold by the Bank of England the past week has been £1,554,988, the increase in total holdings reaches £2,031,593, indicating that previous holdings as reported have been corrected by an addition of £476,605. The foreign exchange raarket was strong on Monday and one feature was an investment demand for long sterling, these bills being bought and the profit on the transaction immediately secured through the^sale 60 days hence. At the same time there was a good inquiry for sight drafts for remittance against sales of Becuriof sight ties, bills at 4 and there was a 86i@4 SQ^, deliverable ilemand for cables in connection . . ., THE CHJRONICLE. 103 with the semimonthly settlement in London. The supply of bills was meagre and comparatively few commercial drafts were offered. On the following day the market grew easier. There was then an apparent anspension of investment purchases of long sterling, owing to the inability to market the sight options, and there was a better supply of demand [Vol. LXXII, With the Sub-Treasury operations the result is as follows. Week Endino Jan. Into 18, 1801. Banks. Banks Interior moTomeBt, as abore Sab-Treasury operations Total gold and legal tenders. Net Change in Out of Banks. Bank Holdtnfi. 81,300,000 27.700,000 Gain. $7,865,000 Gain. 3,600,000 143.893,000 $32,428,000 Galn.$ll,465,000 $12,693,000 $4.728 000 drafts resulting, The following table Indicates the amount of bullion subsequently appeared, from the sale of these in the principal European banks. bills, which were drawn against gold exports. The deJan. 18. 19C0. mand for cables was only moderate, the London settleJon. 17, 1901. as it There was a slight improvement in the market on Wednesday, without quotable change in rates, and the tone was steady on The first shipment of gold the following day. to Europe the new year was made on for Thursday, when Heidelbach, Ickelheimer forwarded $1,003,252 05 and Goldman, Sachs & Co. shipped $643,672 24 gold bars. The shipment was to Paris, and it was made possible by the favorable rates ruling for exchange at that centre on London. It is ment having ended. Bank of ngland Gold. Silver. M s france ansa la Aai.-Hung'y. Spain Italy Netherlands.. i?at. Belg'm.. Gold. t Silver. Total. S * S 1.169,331 34,536,258 84,636,258 98.525,029 43.754,113 137,979.142 76.720,814 45.704,096 121,424.91 26,113,000 12.937,000 38,050,000 26,985.000 13,901,000 40,886,000 73,863,000 6,404,000 80.267,000 86.730,000 5,615,000 91,245,000 88,350.000 9,964.000 48,814.000 33,812.000 8,704,000 42,516.000 14,001,000 16,390,000 30,31*1,000 18,600,000 14,638.000 28.238,000 16,588.000 1.858,000 17,381,000 16,412,000 1,606.000 16.918,000 31,169,331 Germany Total. 5,018,000 6,6«3,000 10,611,000 8,890.000 6,960,000 9.830,000 2.800,000 1,430,000 4,850,000 2,877,000 1,439,000 4.816,000 ToUthis week 299.467.88o 98,345,113 897,8ia.473!292.583,073 97,367,096 389.930,168 Tot. prev. w'k 297.467,050 98,528.293 895.9'<5,342'288 522.901 86.850.792 385.373.693 thought quite likely that a further export of gold TO CHECK RAILROAD The Mariposa will be made to Paris next week. CONSOLIDA TIONS. arrived at San Francisco on the 12th with $1,000,000 Why is it that combinations and cons')lidations of gold from Australia. Arrivals of gold at the New York Custom House for the week were $15,345. railroad properties are the prominent feature in Stock The Assay Office paid $395,798 48 for domestic Exchange circles to-day ? How can this movement be checked ? We put these two questions together bebullion. HOW they touch at so many Nominal rates for exchange are 4 84@4 84| for sixty points, the former interpreting the latter; and yet large day and 4 88 for sight. Kates for actual business numbers of philanthropic men are claiming that the opened on Monday at an advance of one quarter of a tendency referred to is another sign of the " greed of cent all around, compared with those at the close on capital." Answer the first question and we have a Friday of last week, at 4 83i@i 83| for long, 4 87i@ correct diagnosis of the disease, while at the same 4 87i for short and 4 88i@4 88^ for cables, and the time the remedy to be administered to effect a cure market was strong. The tone grew easier on the becomes obvious. This method for understanding following day, as above noted, and rates for actual what is going on around us and for reaching a true business declined one- quarter of a cent all around, to explanation of its animus and character is so plain 4 83i@4 83i for long, 4 87@4 87i for short and 4 88@ and so simple that in nine cases out of every ten where 4 88:^ for cables. The market was firmer, though not the search is to solve the problem, the inquirer overcause, among other reasons, quotably higher, on Wednesday, and it was steady on looks and so ignores the easy and only way to do it. This last thought has a wider application than the Thursday. On Friday the tone was firm at an adsingle matter we have in hand. A word upon it in vance of one- quarter of a cent all around. The fol- exchange by passing may serve a good purpose. Every week there are peculiarities cropping out, of good men, trying we som of the leading drawers. presume to serve their day and generation, who say FBI.. MON.. Tfm.. Wbd.. Thur. FBI., Jan. 11. Jan. 14 Jan. 15 Jan. 16 Jan. 17. Jan. 18. such uncharitable things of their neighbors, and base 84 84 60 day*. 4 84 8iH large conclusions upon such false premises, that one Brown Broi Sight,.. 488 88 88 68 88 88 84 60 days, 4 83K 84 P4 84 84 BarlDK, almost despairs of progress in truth under such leader88 88 Magonn & Co.. i Sight..., 4 87H 88 88 8t ship. In their opinion it is always somebody else 4 84 84 84 84 Brmk BiitlBh 84 j 60 days. 84 lowing shows daily posted rates for ) \ 5 Mo. America. . Bank of Montreal. OaniMllan Bank of Commerce.. I Sight.... 160 days. 4 } Sight... ( 60 days. 4 84 \ Sight... 4 88 Heidelbach, Ick- (60 days, elheimer & Co,.{sight.... 60 days. LasardFreres... <(Sight,.. iiCarohanta' Bk. i 60 daya of Canada ? Sight... 88 84 68 84 68 84 88 84 88 81 88 87X 4 84 4 88 4 84 4 88 4 84 4 88 4 83>< 4 87H 68 84 88 84 88 84 68 84 88 84 68 88 84 88 84 88 84 88 64 88 84 88 84 68 68 84 88 84 68 88 84 66 84 88 88 64 68 84 88 84« 81 84 88 that stands in the way of reform. The city is suffering under a perfect deluge of addresses of just at present. this character The tone of them is that no one is and perhaps a few who enjoy hear- right but the speaker ing or reading such self righteous f ulminations. ing to the galleries it Play- used to be called, because accom- panied with a large proportion A favor- of clap-trap. 83i@4 83f for long, 4 87i the specimen of latter, ite which we have seen do @4 87i for short and 4 88@4 88i for cables. Commercial on banks 4 83@4 83^ and documents service several times within recent weeks, is that for payment 4 82|@4 83^. Cotton for payment, Wall Ssreet is" just now trying to purify the Bowery. 4 82^@4 82f, cotton for acceptance 4 83@4 83^ and What a harsh, uninformed judgment that evidences. We ventuie lo say that there will be found per capita grain for payment 4 83@4 83^. as much goodness in Wall Street as in any other local, The following gives the week's movements of ity in the city or country; and that much more money money to and from the interior by New York banks. and effort comes to bless the earth out of the pockets and hearts of men whose business is in that vicinity The market Week Ending Jan closed at 4 18, 19«1 Beceivea bii SMwed by N. T. Banks. N. T. Banks. Onrrenoy. ttoid Total gold and legal tenders. Net Interior Movenient. J10,399.000 2,194,000 18,781,000 947,000 Gain. I6.618.0UI Gain. 1,247,000 112,593,000 14.728,000 Gain. tT,865,0OC than from any other quarter. We are also so out of sympathy with such strictures, as to be of the opinion that a man who builds up an industry and gives em ployment to a good many men that might otherwise January 19, 1901.1 THE CHRONICLE. a benefactor to his race than one in no reproductive employment and who is spends his time passing severe judgment on his neigh- be more engaged idle, is of bors. 09 get their rates established and these Commibsionera say they are fair, the roads cannot uphold them be- cause one road, then another, will cut them, concealing the act as long as possible by paying rebates, There is an easy and until finally what is being done is discovered, and a war of rates becomes a necessity. a natural way to account for all monetary or indus An obvious remedy for preventing these chaotic trial movements; there is, too, a very easy way to control such movements; but to do either, the occurrences would naturally be an agreement bemethod pursued must take into consideration the tween the roads to stand by the published tariff. conditions. If one has a creeic that has increased its That has been tried in every form and manner, until flow until it has inundated the farm land, no good, decisions of the court of last resort have determined but harm, can come from damming it up. The remedy that nothing of the kind is allowable, because not only does the Inter-State Railroad Law prohibit poolis to be found only by examining its sources until whatever has served to turn more water into the ing, but the Federal Trust Law also provides that stream than it can carry off is discovered and re- every sort of an agreement between the roads affectmoved. Floating capital is just as mobile as water, and ing rates is illegal. Nor do these by any means cover We may fixed capital has the same quality, only of necessity it every antagonistic phase in the situation. acts more slowly, more ponderously, and with more mention one other hostile proceeding the building of In the case of our railroads its free new roads or branches parallel and directly competing publicity. flow has been dammed up, its power of help- with the old lines, which is allowed in most of the ing itself having been taken away, and hence States. That is to say, though minimum rates are a method required by Federal and State railroad commissioners, is do'ng to-day is, it is seeking all it As a consequence of the existing ob- new facilities for cutting those rates and blackmailing of relief. But to return to our subject. — structions, the capital being immovable, a very import ant portion of it has recently been pushed into insol- the old roads are permitted by State law. It follows from what has been said that a speedy method for discouraging and checking the combinanew capital and, with its help, been reorganized, it finds tion movements among railroads now in progress is to The roads make them unnecessary. That can be done by peritself again in danger of being cornered. are thus forced into this struggle for protection. mitting pooling and repealing the Federal Trust proDuring the years of depression, safety from confisca visions so far as they affect railroad?. What we see in Nothing can tion has been sought through all sorts of devices for progress is a struggle for existence. method of relief. economizing the cost of moving freight. Now, how- arrest it but a wise ever, notwithstanding this inflow of new capital, notTEE COLONIAL POLICY BEFORE THE withstanding the new devices therewith brought into vency. In that state, having secured large amounts of and notwithstanding business prosperity, it is fourd that the power to earn a fair return on the investment is still endangered. The foregoing is a true statement of the railroad situation, a good illustration of what is so frequently called by the uninformed the ''greed of capiinstances oftenest cited of the tal," one of the wickedness of Wall Street. And yet these same roads are the means through which every agricul- SUPREME COURT. use, and the manager of every industry has ob tained his profits, they having brought them al] within the reach of the markets. They are the means, too, through which more labor obtains daily employment than through any other agency in the land a fact that well illustrates one of the methods by wh'ch Wall Street is trying to purify the Bowery that is, by helping its denizens help themselves. As some of our readers may not fully understand what we refer to, when we speak of the railroads being cornered, those who are familiar with the details must bear with us while we state a few of ^the particulars. This can be best done by answering the questions we turalist ; ; started with. Why is it, we repeat, that combinations and consol- idations of railroad properties are the prominent feat ure in Stock Exchange circles to-day, and how can these movements be checked ? The reason that rail- road combinations are such a prominent feature is that legislation at Washington and in the States has so far manacled the roads that they are driven into Take the Federal legislation for illustration. First, the roads are thereby prevented from making any rates; that is to say, they cannot enforce any unless they conform these devices to preserve their properties. to the views of the Commissioners; second, when they The arguments before the Federal Supreme Court, on the question of the power of Congress over our new outlying cision possessions, prepare the which, however it may tend, way will for a de- certainly rank among the epoch-making judgments of the This is the more true because the decision court. must in any event proceed on entirely new lines and break entirely new ground. Broadly speaking, it may be said that the first chapter in the history of the Court consisted mainly in defining and limiting the power of the States over the property of citizens the 89Cord chapter, in asserting, defining and limiting the power of the General Government in the same di; Decisions in the celebrated cases of Gibbons versus Ogden and of McCuUoch versus Maryland, both restraining the States from invading the rections. prerogative of the Federal Government, and both ren- dered by Chief Justice Marshall in the first quarter century of the Republic, were perhaps the conspicuous marks of the earlier epoch. In the second period the Dred Scott decision of 1857, in the direction of limiting the powers of Congress, the income tax decision of 1895 in the same direction, and the legal tender decision of 1871, in the line of extending application of Federal legislative powers, are the typical rulings of the Court. All of these decisions, however, affected the rela- between the States and the General Government, and the relations of one or the other to the citizens, The cases now before the Supreme Court refer entirely to the relations between the General Government and the citizens of outlying possessions. In the previous cases cited, and others similar to them, the status both of the citizen appearing a. plaintiff or tions THE CHRONICLE. 110 defendant, and of the Government under which he lived, was so clear as to play no part in the controversy. In the pending cases these questions are the very crux of the argument. Whether, as a citizen of acquired territory, the appellant is a citizen of the [Vol. LXXII. argument by his assertion that and tariff duties had been habitually levied with entire equality on Territories and States alike, and that this constitutional practice was ignored in the case of Porto Rico. Going further, he argued United States, entitled to the protection of its uniform that a tax on imports to Porto Rico was in effect an laws, and whether Congress may or may not legislate export tax on American products, and hence repugCarlisle reinforced this internal taxes nant to the Constitution!; as regarded the Governand ment's assertion of sweeping powers over the Terriand Territories, are the tories, Mr. Carlisle rejoined that this interpretation foremost matters for decision. As is usually true in cases of this sort, the immedi- would necessarily infer two constitutions "one for ate property questions involved in each are of them- the States, defining the powers and caring for the for these new acquisitions except as it for the older States has legislated first — selves matters of small concern sary to review them. They ; it will not be neces- derive their importance wholly from the fact that the large general principles at stake in each will affect a thousand other interests, and the counsel's presentation of the cases before the Court have been devoted exclusively to those general principles. To sum up briefly the very interesting arguments of the counsel, it may be said that the Government's lawyers assert that Congress has power rights of citizens, the other for the Territories, giving no rights." It will thus be seen that the case as presented to the Court converges largely on the power of Congress over all the Territories. It is possible that this view of the case will play an essential part in the of the Court. On the other hand, ble that the question of it is judgment highly proba- public policy, which had no place whatever in the lawyers' arguments, will really under Article IV., Section 3, of the Constitution, to govern the verdict of the Court. It should, however, " dispose of and make all needful rules and regula- be carefully kept in mind that decision on the pendtions respecting the territory or other property be- ing cases will probably affect not the permanent relonging to the United States;" and that the new lation of the island possessions to the community of acquisitions, being thus owned by title of the States, nor the right of the Government to possess Treaty of Paris, are subject to such regulation aud them, but rather the manner in which Congress and the disposition. Executive have a right to govern them. If, indeed, the The Solicitor General amplified this line of argu- alternative to granting the Government's concession ment by reciting the further provision that "the Con- were at once to admit the Spanish colonies as States, stitution and the laws of the United States which shall we suspect that the Court would certainly find warrant be made in pursuance thereof, and all treaties made for deciding otherwise. Fortunately, there is no such or which shall be made under the authority of the forced alternative; and if the Court divides upon the United States, shall be the supreme law of the land," question, as it probably will, it will be because neither and then by showing that the Paris Treaty of 1898, conclusion is regarded as fraught with danger or unlike all other former treaties of territorial acquisi- embarrassment. tion, contained no provision that the inhabitants should ultimately become citizens of the United THE LEHIGH VALLEY REPORT. This omission, he affirmed, "left the determiStates. nation of their civil rights and political status to ConOn the face of the returns the Lehigh Valley regress." Yet this peculiar situation of the Spanish ces port presents an unfavorable exhibit. Only a very sions was not made the single basis of the Govern- superficial examination, however, suffices to make it ment's argument; for, in order to assert the rights of evident that if allowance be made for certain extraorCongress under Article IV., the counsel asserted the diaary items entering into the accounts, the showing is right of Congress, if it chose, to dispose of and pro- not at all unsatisfactory. The income statement is poor vide for any of the mainland territories as it has done simply because the management are adhering to the with Luzon and Porto Rico. "New Mexico," argued policy deliberately entered upon of improving the Solicitor- General Richards, "might be placed by Con- property and paying for a good part of the cost of the gress, if Congress saw fit, in the exact position of work out of earnings. There is no attempt at con* Porto Rico." 'Barring the stipulations of treaty and cealment, and a frank, straightforward and honest the construction of personal rights,"concluded Attor- course is being pursued regarding the matter. If ney-General Griggs, "there is no difference between there were a disposition xo make a flattering income the status of Porto Rico and Oklahoma, New Mexico showing, these outlays could easily be charged off in and Arizona. Congress has the right to govern and some other way, thereby avoiding diminution of net tax and alienate any of its territory, and should this revenues on that account. The temptation to do this country be overcome by war it might be the wisest must have been strong. Nearly every road in the course * * * to withdraw its sovereignty from country is reporting improved net results, and at such any of its territory." a time it requires real courage to present results which The opposing counsel first met this argument by even seemingly suggest that the Lehigh Valley is the contention that a treaty possesses no higher status proving a striking exception to the rule. But having than a statute law that, like a statute, it must con- mapped out a course of action, the management have form to the Constitution, and that if it fails to do not permitted themselves to deviate from it, and this, laws of Congress passed pursuant to such treaty hence these outlays, as in the previous year, appear as are necessarily unconstitutional. Mr. Coudert's argu a charge against the earnings out of which they have ment largely devoted itself to showing that, since been paid. Congress, under the treaty of Paris, had exercised The report abounds in illustrations of how money There is different authority over Porto Rico than it professed is being spent to improve the property. going to show that satisfactory to exercise over the mainland territories, it had trans- equally good evidence cended the powers of the Constitution. Ex-Secretary results are already attending these expanditures. In ; i — January THE CHRONICLE. 19, 1901. J the previous fiscal year the income account made up in the way outlined above indicated that there had been a deficiency of $523,194 in meeting fixed charges satisfactory this Ill is will appear when we say that the Erie report shows the earnings per freight train mile same year $2 06, the rate per ton per mile on for the twelve months, including the interest on the the Erie being actually a little higher than that on Lehigh Valley Goal Company bonds, guaranteed. For the Lehigh Valley in the same period, namely 5 59 1900 there is a similar deficiency in the two million dollars — $2,077,796. sum of over for the mills, against 5*42 mills. The But expenses were efforts to so as to were added to in amount of only The loss in revenues from the strike is $390,120. estimated at no less than $1,200,000, and the company's fiscal year closed too soon after the event to admit of any considerable portion of the loss being retrieved. Over a million dollars of the augmentation in expenses was under the head of the maintenance of equipment, the company having made large extra outlays for this purpose, including payments on account of the principal of some of the car trusts. Upon maintenance of way and structures further increase was $507,622, so that the the total for 1900 at $3,861,926 compares with but $2,036,050 for 1898. The addition in the two years under this head alone is almost sufficient to wipe out the whole of the $2,077,796 deficiency in meeting success. charges. The report contains a detailed statement cover- ing over five pages in which the betterment out- enumerated at length, their aggregate being $1,331,271, in addition to which unusual expenditures were made for ties, rails, &c. President Walter re- lays are make the property less exclusively dependent past, are also being crowned with than in the upon coal increased $1,681,479 as compared with the large total of 1898-99, while gross earnings, owing to the coal miners' strike, diversify the traffic of the system, On that point it is only necessary to say that while in 1894 48'42 per cent of the gross earnings was derived from the coal traffic, this percent- age has been uninterruptedly reduced each year since then, until for the late year it was only 40-84 per cent. On the other hand the proportion of earn- from the merchandise traffic *has as steadily riser, and for 1900 constituted 41 91 per cent of the whole, as against but 3452 in 1894. ings derived RAILROAD GROSS EARNINGS FOR THE CALENDAR YEAR. The great improvement which has taken place in recent years in trade and business, as the result of the perhaps in no way so strikingly or so impressively shown as in the returns of the railway transportation systems of the United The expansion in the gross revenues of our States. railroad carriers has reached truly magnificent proWe doubt, too, if there are many persons portions. who are cognizant of or appreciate the magnitude of this expansion. Our weekly and monthly compilations have served to give prominence to the fact of an increase and to indicate its progressive and continuous nature. But it is only at the end of the year, when we take note of the flight of time and bring in review the record of the whole twelve months, that the prodigious extent of the improvement is fully brought to light. Prodigious is not an extravagant term, as we shall presently see. The figures alone can tell the story of the wonderful gains in earnings that have marked the course of the last few industrial revival experienced, is statement in the previous report that is reached where these large expenditures against income can wisely be reduced, better net results will be shown. He says it is essential not only to put the properties in such a condition as will enable the company to move the traffic at a minimum of cost, but the capitalization must be adjusted to the standard which prevails with other lines in the same territory ; therefore the expenditures referred to have been charged against income. It is evidently, however, not the intention to continue to charge all outlays of this description years. against income. This would appear from the followIt is the purpose of this article to summarize the ing paragraph in President Walter's remarks: "In results for the year 1900. Obviously however in such peats his when a point previous reports attention was called to the necessity of bringing your property up to the standard of effici- a summary proper weight must be given acter of the antecedent results. to the char- There might be a ency and economy of operation of other lines in the gain of large dimensions, but if it succeeded a previous territory. The management has deemed it wise loss or a series of losses it would be deprived of much heretofore to avoid, as far as possible, any increase in of its significance. In this case the comparison for the fixed charges of your company, and to devote the 1900 is with very large totals of earnings in 1899 surplus earnings of the property to necessary improve- totals which had been steadily expanding for several ments. It has become evident, however, that con- successive years. To this expansion of previous years siderable expenditures of this nature are still to be the gain in 1900 comes as a further addition. The made, and the management has accordingly taken improvement has been in progress since the beginning under consideration the advisability of making early of 1895, and therefore has covered a period of six provision for the additional capital required instead years. At first it amounted simply to a recovery of of expecting it to be provided by appropriating all net those heavy losses which had followed upon the panic earnings." of 1893. But as successive favorable events gave a same The improving the prop- widening scope to business prosperity and further erty with the view to increasing its operating efficiency strengthened and fortified confidence in trade and are already apparent in a marked degree. For in- financial circles, the movement swelled to larger and stance, in the late year there was a further addition still larger proportions, until the collective gains for of over 50 tons to the train-load, raising it (including the six years stand as the most imposing record of the helping engine mileage) to 379 tons. This is growth to be found in the trade annals of the country, without counting freight hauled for the company's or for that matter of the world. own use. With that added on, the average is inXot enough time has elapsed since the close of the creased to 396 tons. The company's trains earned in year to make possible definite or complete figures. the late year no less than $2 42 per train mile. How On the returns, however, which we have succeeded in results of this policy of 1 1 THE CHRONICLE. 112 gathering the increase in gross earnings over the year preceding reaches only a triflj less than 100 million dollais. We have reports for the fall twelve months for 113 companies operating 107,833 miles of road. Oa these the improvement over the year 1899 is $64,669,114. Iq addition we have the returns of 68 roads which have as yet reported for only eleven 1 these there is a further gain m:)nth8 of the year. of $34,930,707. Together, therefore, [Vol. LXXII. again in one form or another), quickening every avenue of trade, is it any wonder that the tide of business prosperity We have still keeps rising ? referred to the great gain in earnings as an indication of business prosperity. What has been said proves that the improvement in earnings has been the principal factor in this prosperity. In any review of the revenues for the year it deserves to be itself we have an aggre- stated some of the the period, the crop movements have that, contrary to the experience of gate improvement of $99,599,821, as per the follow- earlier years of ing. not been contributory sources of the gain in earnings, MUes OroM Earnings. 1900. End Increase. 1899. Uoad of Period. 1900. 1899. 107.83 104,268 1 t 113 68 of 6l.e6iM14 roads twelve mos. 786,987,839 722,388.72= road^eleven mos. 610,931,885 476,001,178 34,930.707 56,381 53,460 99.599,«21 163.21* 197,718 Grand tot. (18t r'ds). l.a97.H89.7i!4 1,198.289.903 This increase of 99^ millions would be noteworthy Gaming on top of the extraordiif it stood by itself. nary increases of the years preceding, its magnitude and importance are many times enhanced. To indicate just what the growth has been, we present the following synopsis of the yearly totals back to 1894. Earnings. Mileaoe. Tear Tear Given. Jan. 1 to Dec. 31 1894 (194 roads) 1805 (i04 roads) 1896 ;205 roads),, 1897,201 roads), 1898 (800 roads), 1899 (178 roftds) 1900 (181 roads) Preceding Increase Tear Tear or Given. Preceding. Decrease. Miles 151 O04 1 60.021 148. '66 147.«87 164,129 1,037,502,518 163,181 152,928 167.769 161.675 162,647 163.'ll 158.987 157.7I« 1,210.490,466 1,095,927.530 In.l I4,662,93»i l.?97 8S9.724 t.l!i8.2»59.P0't fnr. C0.5»0.»2l $ 865,702.844 896.86-.385 t 978,128 165 Df.112,425,321 836.326,41S r7it.49.H30.9i7 921.359,661 9il,182.644 Inc. 3.176.917 978,597,767 Inc. 58,904 761 1.117,615.550 1,0^9,2H8.8,S1 rnc. 78.316,719 Thus the $99,599,821 gam for 1900 over 1899 suc- ceeds $114,562,936 gain in 1899 over 1898, $78,316,719 gain in 1898 over 1897 and $58, 904,761 gain in 1897 Thes3 are the actual registered increases While we are dealing with totals of enormous magnitude, the total for 1900 exceeding 1^ thousand million over 1896. derived from the returns in our possession. are, — in exact figures $1,297,889,724 as already indicated, incomplete. dollars — the results Tae mileage 163,214 miles. The aggregate length of road in the country is about 196,000 miles. By represented is the 1st of April it will be possible to make a closer approximation to the actual total, but even then the showing would not be complete, as a certain number of roads always refuse to furnish information. We should judge that for the whole United States the gain in 1900 must have been not less than 125 million dollars. Oae supplementary howIn ever, the roads have had, namely better rates. the main these better rates have followed from a closer adherence to schedule tariffs. Cuts in rates were occasionally reported, but the trouble occurred only in isolated instances, and was never prolonged. In part, the better rates also followed from an actually higher charge for the service. In some instances these higher charges arose from changes in classifications, articles being transferred from a lower to a higher class. In other instances there was a direct advance of the leading staples. in rates. The latter is Oa a previous occasion we estimated the increase for 1899 at 140 million dollars, for 1898 at 90 million dollars and for 1897 at 75 million dol- aid, true particularly of the soft ooal roads carrying coal to tide-water, like the Nor- & Western, the Chesapeake & Ohio, more & Ohio, &c. Oa these roads coal the Balti- folk MUes 159,65 la other words the increase in tonnage has been in merchandise and general freight rather than in that dropped to low figures as tolls had the result of extreme rivalry among the various lines. The establishment of better relations among the lines enabled a return to a more remunerative basis, and an appreciable advance was made, which went into effect April 1. As the coal tonnage by reason of the activity of trade was large, the higher rates were an important factor in the gain in revenues on these roads. There were few disturbing inflaences of any consequence during the year. Tne winter was very mild. This was a decided advantage in the early months when comparison was with the blizzard weather of and accounts in part for the especially heavy There were floods gains in the first half of the year. and bad weather in the Saath and S )uthwest at times, April having been distinguished in that way, but speaking broadly and generally the weather conditions "were much more favorable than in the preThe havoc caused in Galveston and vious year. Texas by the cyclone in September was a purely local The most serious adverse influence was the matter. anthracite coal miners' strike, which began September The loss on that 17 and continued until October 29. account is reflected in our figures for the year, but not in our monthly summaries, which are always made up be1899, Iq other words, in the four years there has been ai improvement of 430 million dollars in the groes fore the returns of the anthracite roads are received. earnings of our railroads. By this we do not mean It is nevertheless true, however, that these monthly that the increase for the four years when added summaries for the last half of the year recorded much together amounts to that sum, but that earnings have more moderate gains than for the earlier half. The actually risen in that figure, the gross revenues for reason is that in the first place comparison was with 1900 exceeding the gross revenues for 1896 by 430 periods of very heavy increases in 1899, and in the million dollars. What a wonderful difference in con- second place that many roads in the Northwest sufditions this addition of over 400 million dollars to the fered a heavy reduction of their revenues in 1900 begross revenues of our railway transportation lines rep cause of the great shortage of the spring wheat crop. resents. In view of it, and the harmonizing tendeccy Out of the increase of 125 million dollars which we which has developed in the railroad world, is the estimate to have occurred on the whole railroad sysgreat rise in the market value of the securities of tem of the United Spates during the calendar year, these properties which has recently occurred difiicult we should judge that 90 millions was mada in the first to account for ? And with the railroads spending four half and 35 millions in the second half. Here is a hundred millions more per annum than they did in summary of the monthly totals, based on the early re1896 (for every dollar received is of course paid out turns to us each month. lars. 9 January 1 THE CHRONICLE. 19, 1901.] MW aoe. 113 1900. 1899. Miles. Miles. 9P,9a2 97,759 F0,727,792 44,056,671 98,191 95,834 102,010 99.964 46,lfl5,l:i2 38.615,257 03,930 I0i,004 57,087,f93 50,745,871 July (105 roads) 102,330 100,150 t8.33« 100,<13 97,779 96,303 AQKUSt (111 roads). 101,222 Sept'ber (107 roads) October ( 98 roads) 101,0(58 97,933 97,67 8 9?,527 S'.Ofll .58,608,705 NoTember (111 r'ds) December (107 r'ds) 102,397 101.351 98,835 97,778 6l,763,H8tj eO,472,0;l (bbU.) P.C. Increase. Corn fVheat, (bush.) Flour, Earnings. Period. 7 4 1 Oatf, (bush.. (buth.) Barley B.V, (bxun.) (hM*h.) 1899. 1900. "toria— January (109 roads) Febr'ary (107 roads) Haroh (117 roads) .. 1 Aprrt (117 roads).... (120 roads) May Jnne (113 roads) The ... $ 6,342.222 12-60 6,5-51,4 n 12-89 52,891,979 46,937,558 50,019,701; 50,«'07,713 62,916,007' 48,145,20ft 5,401,18- 10-67 4.470,798 9-83 48,.586,3:e 69,84 0,tt4l^ 56,380,39f 2.817,040 5-86 3,460,661 614 £9,444,732 .55,8. 1.4 90 1,816,472 2-21 2,g07,276 l,291.Hia 6-03 173.3 71 B-05 61,43.3,418| (50.761, 204| 62,331,195 .57.160.»J24 great improvemeDt in revenues was made, as t 6,671,118 !6-14 7,«tl',865 19f-0 .'), for the year a decided alrea(3y indicated, Iq face of contraction in the grain 2-14 The shrinkage movement. resulted in part because of the spring-wheat shortage, though matter of fact there had been a falling off in the wheat movement even in the first half f the year before the new crop began to move. Nor was the decrease confined to wheal the receipts of many of the other cereals, and especially of corn ard oats, were also of smaller volume. The falling off was marked in both the grain movement to the sea board and in that to the primary markets; it was no ticeable, as already stated, in the first six mouths, but the bulk of it occurred in the last six months. At the seaboard the receipts of grain the first half of the year were not quite 7 million bushels less than for the as a < ; half of first loss has For the 1899. been over 5()| full bushels in 1898, as may 1899 and 460 million bushels 19(0. bblB. 21.806,668 bu8h.)0(>,770.1.'^4 Wheat Corn Oata •• 188,900,191 " 76,8.58,.'>14 Barley.... " " 10,503,076 Rye 2,82.s.5'46 Total grain. ...379,8as,l«i At the bushels against 430 in 8.430,6f0 899,3C0 280,660 I8s.r00! 19,6J0 1,121,70 307,060 872,0001 18.521.660 11.222,H0<< 1.8,5S«.l' 460,050 16.976,60'. 9,142.30^ 1,891.500 60,600 69,620 831,470 60^,370 fl«.200 16.4C0 20,400 15'.<,900 133,000 i.lufn- 4 Wka. Dea,1900 4 wks. Deo .1HH« Year '0(1, 52 wks. Year '99, 52 wks. <lxnt,iavnlit' 4 wks. Dec. IfiOO 4 wks. Dec. 668,022 33 463 4.180 9-« 7,146.302 1.691.438 2,2((:<.46!4 4,623,225 4.470,750 31,e.77,87 64.733,139 7676,8P0 14,123 24.8C2 249.255 6.682,?9U 83,096.261 190934) 88.079,356 I8',ty Year 'Od. .62 wks. Year '99, 53 wks. KantaK City— 4 wks. Dec. 1900 4 wks Dec. IKW9 Year '00. o2 wks. Vear '99. 52 wks. 65.726 9.52'' l,33=>.2Hi i3'^,44:i 948,7^0 812.16) 75H.90(, 88.684 12,850 661.661 1,218.616 2,6W0,611 3,284. ISS 8.026.974 881.270 1.848.180 1,168.07( 662,6-i(. 444,110 7.047.701 10,619,17' 7.645 41' llOJ3.6i)- 2,521 400 32.623.5119,778,0 >0 90.12* 33,610 39,400 582,744 164,218 198,17l 4,919.73' I, (.68,7 70 27f!.40'J 206.0<'p 8 815.42' 8,665,151 2.5I9,00(J Total ni all123.822 4 wks. Dec, 1900 l.?20,976 18,8ia,?36 2?. 1 59,74?' 11,428 455 8.95', 21 8M6880 4 wks Dec, 18W9 I,ll»2,r01 l.i.90'.99( i2, 743.^15 I0,07«.0«'] 4.0l4,e3<! 45.:'6V?.s ,0-'4,421 16<!19431 5.:-23.938 219.22i.6-6 Year '00, 52 wks.'2l.l79.tev:22. Year '99, ,52 wks.lie.f 12,679l2:i7.216.He3 <30.4«2 225 I7435l.'l9- l:'6,2i'8.022' 7.4'9 '49 always interesting to bring together separately the figures for Chicago, the principal receiving point. Accordingly we present the following table in our The statement in this case covers the usual form. It is The exact year. table above embraces an even 53 weeks. RECEIPTS AT CBIOAOO DURING DECEMBER AND FOB THE TEAR. * Tear. Decembir. 1900 Wheat bush. Corn. ..bush. bush 1899. 3.552,16' 4,572.831 9,596.657 6,66<,7;o 9,«38.16S- 110,863,456 133,774.800 127,425,874 7,307.S06 142 051 7,012.4e4 15P.684 Barley.bush. 1,844,877 2,010,110 Total Krain 22.954,448 19,398,1-1 006,192 832,612 Flour ..bbls lbs. Lard Live hogsNo 19,903.27' t-4,338,7r'2 S46.6 8 1,973 701 2,559 295 1:8 842.41.- 281.494 1,140,607 17,827.376 9,3' 2 102 24 328 8'>,971,4i'7; 35.731.448 110.776 33 110.29',647 2.793,482 4,935,8C8 17,822,669 15.837.425 13,l;6,570 11,025,482 168 11 Pork....bbls. Cutm'ts.lbs 30.493 298 1898. ( 4,094 5 17 Rye... bush. Oats., I8t» 1900. 189S 886 29».153.516,298,60^.8l5 5,316,' 99 582 6,S9",099| 8.897 63r» I97.1<!7.913 9,258,226 5,018,593 6,7C8.303 60 751,945 820,850 810,207 1,108.010 8,696.084 8.017 1,6351 197 465. 9 259,087,851 62,924,053 65,770,659 9.866.' 38 8,720,952 be seen by the following: GEAIN AND FLOOR RECEIPTS AT SEABOARD. rionr • months the million bushels, the receipts for 1900 aggregating 379 million million twelve 4 wks. Dec, 1900 4 wks. Dec. 1899 Year '00, 52 wks. Year '90, 52 wks. The item showing receipts of live hogs which is included in the foregoing will attract attention. It will 1899. 1898. 1897. 21,6>-3,8P9 25.79«.911^ be observed there was a further slight decrease after a 2J^,9 79^388 115.'.i72.39l 142,100,>"30 108,29 7,001 201.848 3' 7 201=., 167 104 188,667,162 large loss in 1899, the arrivals for 1900 having been 97,853. M73 9?, 91- 4,111 92,048.322 14,.'^ 93,67 4 13,43t,941 8,696,084 head, against 8,720,952 head in 1899 and 6,249,443 P, 78 0,58 6 430,459,0C9 15,398.033 12.278,>«73 460,963,'/ 3;s 420,d33,«&U the Western primary markets there was a loss first six months year the loss of 12f million bushels. For the 24 million bushels, the combined re is 9,866,036 head in 1898. a whole, however, was The live-stock movement somewhat heavier in 1900 as than having comprised 277,205 carloads, against 269,406 car-loads in 1899 and 276,043 in the previous year, it weeks of 1900 being 661,178,841 car-loads in 1898. We may add that at Kansas City bushel?, against 685,846,624 bushels for 1899 and there was also some gain over 1899, 128,892 car-loads 693,447,395 bushels for 1898. The table below gives having been brought in, against 116,479 car loads. The cotton movement as measured by the receipts the details. The heavy loss in the wheat deliveries at Duluth and Minneapolis reflects the spring-wheat at the Southern outports was heavier than in 1899, shortage. On the other hand it will be noticed that the comparison being 6,788,664 bales, against 6,128,Kansas City, St. Louis and Chicago show decidedly 834 bales. The bulk of the increase occurred the latenlarged receipts of the same cereal. This indicates ter part of the year on the new crop, though it is mainly the enlarged arrival from Kansas and the South- proper to say that even in the first half there had been These increases, however, are only west, where the wheat yield was exceptionally larg*^, a small increase. As a recovery of a part of the loss recorded in 1899. Kansas having raised a crop of 82^ million bushels. RECEIPTS OF FLOOR AND GRAIN FOR FOUR WEEKS ENDING compared with 1898 there was a heavy loss. The shipDEO. 29 AND THE 52 WEEKS OF THE TEAR. ments of cotton overland fell below those for bo h nour. Whtat, Barley, Corn, OaU, Rve. 1899 and 1898, having been 1,737,903 bales for the ibbls.) (buth.) (bush.) (.bush.) (bu»?i.) (bush.) ceipts for the 52 1 1 Tear 'M9, 62 months of 1900, against 2,060,671 1899 and 2,023,187 bales for 1898. twelve Ohieago4 wks. Dec, 1900 835,616 8,89tl 90< 3.810.622 0,^55.204 1.664.' 77 7x2,H41 4 wks. Dec, 1899 2,277.401 6.269.2I6 6 476,6-4 i.xoo.ieo Year 'CO, 62 wks. 9.267,310 39,566.183 I10,e4S.694 IH. 1.10.806 17,762.';rtH Tear '99, 52 wks. 5,0110,3 ao.971 717 133,776.360 U0740392 15,8»7.710 MMionnltee— 10J,5=0 4 wks. Dec, 1900 923,2,'iO 41.'5,PO 388,800 1.34*^.150 4 wks. Dec, I8iiii 119,400 1.10ft,:<OU 510,000 936,000 1.2 4,3 10 Tear '00, 52 wks. 3,( 07,09 9,8 2,73( 5,686.650 8,482,100 15.318,200 wks 3,165,006 11,236,363 13(5.! 51 14.5,VHP 1.V81.876 2,793,476 RECEIPTS OF COTTON AT SOUTHERN PORTS IN DECEMBER, AND FBOM JANUARY 1 TO DECEMBER 31, IN 1900, 1899 A>D 1898. 107 250 117.600 1,114.900 7,233,340 18,750,100 11,966.471 »,ei<0.761 1P4,250 165,H3 e22i)(' 2,478,880 1,168.6-3 2J,889,50» 16,056.88d 169,888 165,000 5,6 H3, 343 8,529 384 l,V'96.5iiO 20 3.18 47a,f>71 1.8B4.72< 44\5aH 27 000 28 687 H8,0(.l(> 1 463,600 1.041,900 2«,80( 385,72.1 13.40 284,BOi 204,eet 133,976! 3,579,615! 3.418,071 Dec. 1900 I)ecl8y9 12,888 849,1831 62 wks. 62 wks. 150,170 431,883o4.28l 3,432,68v 3,090,972 3.110(1 286 "44 743 937 •290,910 1J9,6MV 124,0''0 26.9< 3 3,29^.65»< 1,411, 9oS 336.830 313.75 63.782 311,463 Olevuland4 wks. 4 wks. Year Tear 'CO. '99. 1900. 1896. 1S99. 1900. 1899. 1898. 300,91-8 2o4.216 17.533 2cl,lzl 487.08 'l.6P9,56 1,793,182'8,348,03« 91,470 68.261 75,310 16.10; 483.651 !2,35^547 1,882.728 2.618,013 8:1.600 199 26 42.258 173,389 I 2,965,765 797,050 886,600 1,861,655 24,950,140 12,798.401. 2^.9t2,69<< 12,306.835 Detroit- Dec, 1900 4 wks. Dec. IMVtf Year 'oo. 62 wks. Year '99. 52 wks. f^«l Tear. December. Port*. St. Lnitts- 4 wks. Dec. 1900 164,446 1,2S1.327 4 wks. Dec. 18H9 12(5,440 8H2,2lO Tear 'On, 52 wks. l,»3«,«»tl 19,122.930 '99, Year 62 wks. 1,506,465 10,019,614 loltdn4 wka. Dec, 1900 77,466 203.132 4 wks. Dec. IH»9 56,238 I4e,62'.t Year '00, 62 wks. 7,>*Ha,26i 909.V49 Year '9H, 62 wks. 669,63h 14,755,656 4 wks. bales for 1,146,760 507,679 777,667 310,866 12,370.23 11,601,696 S.76H,888l n H20 8 9 960.086 7 •203, 48 2.7IU.S1B 11.798 SaivestoQ Sabine Pass. Jkr New OrleauB.„ Mobile Pensacola, &c Sarannah Brunswick, &o. Oharleston Port Royal, Ac Wllmlnirtou Washington, Ao Worlolk Newport News, 4o oiile> 9.J>63 3P5 8d0 90.829 38,024 1 j ' 31,78 25,601 32.143 149,606 137.61.7 18.957 18,383 22.631 28.011 222 874 33,942 76 41,2^6 68.923 8,786 5,128 1,112.868 888.81 1 167,3:8 |l,143,914 69.2= 2 183,008 .00(1 Total ie9.107] 184.048 924.76^ 1.168.769 S.<16.274 137. 0<> 416.764 52.244 6-1 279.189 60S 330.4St 821. »7 63.534 125,376 286,874 689 438.2f0 224 921 98 f0.18( 21- 463.886 4,4-28 61.984 25.88k- l.«9» 604.998 83.744 ii.792 1 162,916 1 .1 6.07^ 4SS74 79,a2t'fl.7ta,C64 6.188,834 !8.«99,a8« — THE CHRONICLE. S1 .. . . 7 ... 114 For the separate roads the gaius in earnings are in keeping with the result for the country as a whole that is the gains are yery large and there are very many of them. It is not necesssary to enumerate these at length, but we may note that for the Pennsylvania lines the improvement (not counting the roads controlled and separately operated) aggregates for the eleven months the December statement not having come to hand as yet over 14^ million dollars. la the following we show all changes, whether gains — ) . Year. which sustained Alabama Gt. So. Cent, of Georgia. OheBap.<fc Ohio.. GROSS Increases. Ohio $6,492,fi66 Illinois Ceutral 4,454,030 3,160,037 2,873,729 2,836,054 2,785,333 2,478,798 2,252,38 N.Y. Central Southern Railway Ifc Shore & Mich. So. Northern Paoiflo . Missouri Pacific Norfolk & Western.... Louisville & Nashville Chesapeake <fe 1 ,901 ,053 1,840,101 1,781.163 1 ,613,802 1,609,104 1.56 7,158 1,440,491 1,339,118 1,304,86 1,291,097 1.261,016 1,251,197 1,184,893 1,124,965 1,110,938 1,050,839 Ohio... Clev.Cin.Chic.&St.L. Mexican Central Gt. Northern System. Buff. Roch. & Plttsb'rg Choc. Oklah. & Gulf.. Texas & Paeiflc Denver & Rio Grande. Mo. Kansas & Texas.. St. Louis & San Fran. Wabash Canadian Paoiflo Chic. Mil. & St. Paul.. Mich. Cent. & Can. So. Hocking Valley Pere Marquette Rio Grande Western Grand Trunk Louis Southwest. . Mexican National Kasli. Chat. & St. Louis Mobile* Ohio Kan.C.Ft.Sc.&Mem.. & Pitts. Bess. L. Erie. Pitts. Western Sys,. & 1896. 1896. 1.998,666 6,781,048 1,766,493 1.661,966 1,640,071 1.661.284 6,617,764 5,423,';47 6,8 !3,268 6,140,922 11,999, 19 11,397,418 10,876,196 9,79^.824 4,686,619 4,825,754 4,658,991 3,659,11 > 3,371,650 3,717,901 (ieorgla 1,768,118 1,609.427 1,592,211 1,610,032 1.558,788 1,357,760 San.O.Mem.&Bir. CjOuIbv. & NashT. 1,818,447 1,674,802 1,475.30.' 1,216,610 1,196,350 1.130,021 i7,902,167 26.001,104 f6,0r9.694 +5,H85,328 22,808,638 20,S)58,20i 20,268,589 19,809,198 +4,433,211 4,012,706 3,715.760 8,492,327 6.934,207 5,460,927 6,004,9 U 4,871,865 & Ohio.... )Jash.Chat.& St.L. •7,0-!2,8J5 6,450,6211 Norfolk & West., 16,075,415 1 ','•23,027 Mobile louthern Ry.. 11,404,476 10,892,258 11,08186- 9,682,087 ('lir693337 8694,149 U,8a5,39e 1.2ee,936 C83849072 C29476343 c25,450,973 20,649294 Memphis Dlv:! Total 120103619 108544168 97,131,718 86.827,0(56 83,861,18480,592,724 + Incluaes MontKomery Division for the whole of 1900 and 1899, but for th^ last half only of 18tf8. c Figures for 1900, 1899 and last seven months of 1898 include South Carolina & Georgia, Mobile « Birmingham and 161 miles of Atlantic & Yadkin and Atlantic & Danville. • Includes Paducah & Memphis Division from July 1 in 1900 and 1899, by reason of the spring EARNINGS FOR 12 MONTHS. Increases. Toledo & Ohio Cent. . LakeErie&Western.. Chic. Great Western.. Chicas;o & East 111 Wheeling ife L.Erie.... Ala. N. O. & T. P. Sys. $504,06 456,653 433,971 406,338 401,884 & Eastern & Wheel... Chio.Indplis&Louisv. Peoria Clev. Lor. Yazoo & Miss. Valley. Ohio River Kan. C. Mem. & Birm. Col. Sand. & Hocking. Sher. Shrev. & South'n Louisv.Ev. & St. L.... Texas Central Kanawha & Michigan Cin. NewOr.&T. Pao. Georgia Minn. & St. Louis Ga. Southern & Fla... Duluth So. 8h. & Atl. & East'n. Mont. &Mexic in Gulf Elgin Joliet PBIKCIPAL CHANGES IN GROSS EARNINGS FOR 11 Year. 1900. Den.&RioGr. 11,019,687 [nt.&Gt.No.. I.C.F.8.&M.. <f 0. E. & Tex Ho.P.&Ir.Mt. 1899. « 347,6^)4 321,814 273,850 263,780 2i7.?^5 a. Gr. West 235,698 210.30'2 204,626 181,746 163,997 160, 65 158,691 157,339 153,869 » t * 1895. % 3,990 201 5,338,760 4.684,209 13,495,302 12,204,205 11,860,269 81,821,671 29.342,873 27,901,468 4,798,389 3.887,892 3,288,802 8,935,757 7,674,741 6,983,097 6.482,147 6,038,591 6,006,942 6,566,344 6,845,650 5,146.173 4,913,186 4,883 262 6.056,484 9,639,^04 8,300,186 8,006,50^ 7,6S8,649 6,825,146 7,015,809 96,447,855 86,486,488 81,291,050 8,740,838 7,651,123 7,238,376 3,664,438 8,623,184 13.878,228 4,914,223 4,481,742 11,978,768 11,746.240 11,080,140 7,291,569 4,530,237 26,932,822 22.792,969 28,893,477 2,974,225 2,402,846 2,893,428 76,084,081 69.983,348 69,924,810 & Henderson included for this year. EARNINGS OP NORTHWESTERN AND NORTH PACIFIC OROUP. 150.5 f4 149,691 124,474 123, S78 102,306 Year. 1900. t 4,848,250 BTirl.Ced.R.&No. & Great Northern.. Iowa Central Mlnn.& St. Louis. i ;8,861,774 M.St.P.&S.S.M. "(orth'n Pacific. 8t.Paul& Dul. Wisconsin Cent'l, Increases. Pennsylvania t $14,547,600 Detroit & Mackinac. $164,673 Atch. Top. & Santa Fe. 5,796,784 Ft. Worth & Denv. C. 164,537 Southern Paoiflc 3,830,150 San Ant. & Ar. Pass*. 143,830 Chic. Burl. & Quincy 2,562,809 Alabama Midland 120,473 Ohio. R. I. & Paciflo... 2,351,822 Pacific Coast 114,moo Chic. & Nor. Western 1,100,288 Rio Grande Junction. 110,321 PhU. Wilm. & Bait.... 666,100 Mexican Internat'l 606,056 Total (representing Northern Central 519,900 33 roads) $35,671,813 Colorado & Southern. 473,270 Erie 471,067 Decreases. W. Jersey & Seashore. 360,200 Reading $1,155,432 * Houston & Tex. Cent 324,997 N. Y. Susque. & West. 294,566 Denv. (fe Southwest'n* 316.820 Chic. St. P. Minn. &0. 241.996 lu liana 111. & Iowa... 257,048 Buffalo & Susquehan. 117,921 Duluth & Iron Range. 248,247 Central of New Jersey 219,620 Total (representing Bangor & Aroostook. 200,301 5 roads) $1,809,915 . i 1896. 1896. 1 » 4,292,162 ta7252670 4:24538498 20.747,424 19,632,092 18.128,888 2,231,4ri9 2,294.540 2.016,375 1.7J3,687 1,725,374 2,963.H6a 2,806,623 2,24'J.83a 2,152,986 1,991,431 1,964,674 4.707,855 4,669,301 4,263,110 3,899,541 8,688,047 3,148,158 31,^86396 5,310,670 1,680,959 2-5901062 »26358839 21,020,632 18,917,645 19,088,647 1,915,477 1,690,128 1.61!,217 1,537,461 1,670,634 6,526,000 4,892 897 4.499,603 4,«69,177 4,366.729 162,128,160 16688195? 110164915 122856766 1148S9180 109900766 Total. • i 4.545.643 1897. 41.691,593 40,666,628 36 089.731 33.178,7t6 31,362.390 SO 608,002 2,657,971 2,407,440 l,821,80t} 1.591,115 1.904,543 1,811824 St. P.. Duluth S.8.& Atl. MONTHS; t 4,926,932 1898. 4,460,038 4,604 332 80,414,930 29,230.037 ^6,138,978 21.049,634 20,681,598 18,941,086 6,823.318 6,389.347 5,568.611 5,078 39C 4,«88,4f9 4,089,573 Canadian Pacific. Ohio. Gt. West... Ohio. Mil. 1899. S Increases. 1896. 5,960.216 Galveston Houston + « 1897. 4.?22.806 . Total 1898. 9.714.723 4,177.76a St.L.&S.Fr. 3t.L. Southw. Texas & Pao. 254,''.70 243,6 15 918,489 Chic. Term'l Transfer 910,777 N. Y. Chic. & St. L.... 784,527 776.208 Total (represent709,694 ing 67 roads) $61,129,703 670,482 Decreases. 631,796 L. V. RR. and L. V. Coal $542,065 624,371 Wisconsin Central.... 184,330 621,465 529,'i44 Total (representing 501,879 3roads) $726,395 . Central of Georgia.... St. 1897. BARNINOS OF 80UTHWE8TBRN ORODP, PRINCIPAL CHANGES IN & 8,0S6,'?6l 6,'^65,575 14,459,536 12,619,435 wheat shortage. Baltimore 1898. 1899. C!ln.N.O.&Tex.P. It will be seen there are losses 1900. t only five decreases of over that amount, these comprising either anthracite coal roads, which suf fered from the miners' strike, or roads in the Northwest, [Vol. LXXII. BARNINQB OF SOnTHERN OROUP. — or losses, of over $100,000. 1 .. Includes proprietary lines in these years. In these years includes the earnings of Spokane Falls & Northern. . EARNINGS OF MIDDLE AND MIDDLE WESTERN ROADS. . . We complete our analysis by presenting the following tables giving the earnings for the last six years of a number of well-known roads, arranged in groups- Some prominent full roads are necessarily excluded from because they have not as yet reported for the & Ohio B.&O.S.W. 1900. 1899. $ $ 44746378 38,252,712 \ 1898. ( $ 28374989 I $ 23,470.508 6,44S,069 1,910.014 1,750,025 1,703,514 1,971,160 19318412 18,431,201 17,700,092 23,613,946 20,753,683 M.C&C.So. 10,<115,000 15,504.062 N.Y.C.& Ht Wabash.... 55,322,135 62,162,048 15,643,949 14,046,149 46,166,292 15.612,823 13,793,507 1,022,658 983,457 1,001,091 20,193,958 21,016,085 13,651.421 48,636,943 12,650.906 43,387,888 11,913,309 j 18,976,704 20,287,722 13,697,23 P 4,%081,729 12,206,206 13,821,615 j 203.416.<^05 186,688.678 167.314,876 159,84'i,671 154,R72,02'' 165.622.9 '4 + Includes after July 1,1898, the after May 1, 189tf. the Fall RR. and 24,935,972 6,179,619 13.011.463 20,471,737 26 450,000 . 26,168,177 2,082,078 L.Sh.&M.S. . 3.811,729 3.452.098 3,337.786 3,053.142 898,073 4,363,110 4,142.209 868.980 3,323,807 3,200.651 3,884.785 3,873,788 3,027.434 3.223.011 & Bast.. 1,942,823 794,132 1,579.815 1.802.764 1,278 876 1,172,652 Evans v.&Terre H. Hocking Valley... 1,415,380 ,103,088 1,261,451 1.181,433 4.<182.517 681,678 2,701.086 2,633.600 1.065,270 1,096,961 2,480,919 2.676.421 34,549,929 ,095,899 27.680,274 24,7.-8,996 21,783,291 21,814.847 Lake Erie & West. 4,243,951 ,787.301 C<on.Bvan8.& St.L. Pere Marquette... Pitt3b'g& Weit'n. rol.A Ohio Cent.. Tol. Peo. & West. Wheel. & L.Erie.. Clev. Can. & So.. 2,022,637 818,011 8,245,696 ,337,207 +6,585,217 +5,769,469 +5,424,608 +5,879,407 3,957,83 ,452,962 3,261,847 3,012,437 2,856,H8 3,032,300 2,629.619 ,026,452 1,871,636 1,732,621 1,797,600 1,119,4 V ,023.378 941.172 947,205 1,843,447 991,868 ( 9:9.988 1478187 1.193,675 1,301,243 1,421,946 ( 713.121 667,315 704.079 677,241 \ 2890167 2,488.238 3,167.379 8,439,895 1,560.801 1,464,676 8,814,273 3,519,104 1,491,169 1,505,485 84,348,490 73,807,941 66.060,59859,976,584 66.895,877 66,386,70 6 1895. 22,812,060 285:8268 Total $ 6,456,972 2,103.892 16,895.146 1896. 1 13,848,531 Peo.&East [ 1897. 7,115.504 17,896,986 D.G.H.&M 074,559 Pitts 1.170.751 Includes the operations of the St. Louis Alton & Terre Haute for all the years. The Chesapeake Ohio & Southwestern and Ohio Valley are included for 1900, 1899, 1898 and 1897, and Chicago & Texas for 1900, 1899 and 1898. Results on Yazoo Branch are not Included for 1900, 1899 and 1898. + Tliese figures are siinoly the totals on the Chicago & West Michigan, Detroit Grand Rapids & Western and Flint & Pere Marquette. 14,6'52.601 C.C.C.&StL G.T.of Can. 6.689.717 & 1,814.191 * EARNINGS OF TRUNK LINES. Ba!. t 1 106,235 Chicago & Bast 111. 6.304,411 Chlc.Ind.& Loulsv. 4,132,780 Total twelve months. Teat. t 1806 1.468.541 Illinois Central t $3,093,600. < 1896. ,665,968 Klein Jol. For ten months only. These figures cover lines directly operated east and west of Pittsburg and Erie. The results for the E.istern lines show an increase of $11,454,000; those for the Western lines show an increase of 1897. 1.721.692 Buff.Roch. t 1898. I » Ann Arbor * this list 1899. 1900. Year. Beech Creek RK. and the Waliklll Valley Brook system. t We have space for only a few remarks concerning the showing for December considered by itself. The improvement is larger than for the months immediately preceding, reaching $5,173,371, or 9 "05 per It is proper to say that the roads had the cent. advantage of both a larger cotton movement and a larger grain movement this month. The improvement of course follows enlarged totals for December of previous years. The following is the December record. .. January ) 1 . .... . 19 . 6 . MOeage. Bamino*. Tear Tear Tear Tear or Preceding. Given. Preceding. Deer eat f. MiUf. Miles. 1897 (1S8 roads). 1898 (134 roadH). 1899 (119 roads). 99,976 97,233 108,673 1C0,5S9 103,277 03,854 98,440 102.281 1300(107 road«K 1 1(596 (135 roadg). 48,025,858 «2.898.334 82,299.677 62,222,188 99,445 101.359 97.778 i.aso 68,252,844 62.331.196 Same and extensive. 41.249,398 Inc. 8,776,460 43,6j7.220 Dee. 618,866 46.51246'* Inc. 5,757,109 48.760.832 Inc. 3,481.3.^6 64.216.122 Inc. 4,038,722 57. 160.-24 Int 6.1-3371 down the changes Herewith we show all Ohio. Mil. & St. Paul.. Louis Southwest... Gt. Northern System. Southern Railway St. Louis & Ban Fran. Clev.ClD.Ohic.&St.L. Bt. Wabash Pere Marquette Kan. O. Ft. So. & Mem. Denver <fe Rio Grande f»ittsb. Pittsb. . it. <fe St. Louis (k 3. Fran.. 3t. Louis South wes'n St. L. Van. T. H... 1900. Alabama Gt.South'n Al«.N.O.&Tex. PacN. on. & No. East. Ala. & Vlcksb Vloksb. Shr.&Pac. 202,621 182,820 10B.241 102.087 Ann Arbor 159,''70 Atlanta Knoxv.&No. 39,517 Atl. Valdosta & W... 18,985 Ba'tlmore & Ohio. i 3,982.588 Bait. & O. So'wn. ] Bellefonte Central.. 4,422 Bull. Rooh. <fe Pittsb. 410.028 Burl. Ced. R. &No... 414,034 Canadian Paotflc 2,951.n00 Central of Georgia.. 627,078 Cbattan, Southern... 7.217 OhesapeaKe & Ohio.. 1,303,966 Cole* East Illinois. 603,761 Ohio. Great Western. 547,966 Chlo. Ind. & Louisv. 344,293 Ohio. Mil. & St. Paul. 3,782,930 Ohio. Peoria & St.L. 132,161 St. L.Chlo. & 8t.P. \ Ohio. Term. Tr. RR.. Ohoo. Okla. & Gulft. Oln.N.O. ATex.Pao.. 01nn.Port8m'th & Va. Olev.Cln.Ch.&St. L.. Peoria & Eastern Olev. Lorain <fe Wheel. Ool. Sand. & Hook'g.. Den V. & Rio Grande Dul. So. Shore & Atl.. EastBt. L. & Caron.. Elgin JoUet & East. Bvansv. <fe Indianap. . . Bvansv.&T. Haute. Find. Ft. W. & West. Ft. Worth & Rio Gr. Georgia 6a. South. <& Florida 115,524 369,900 412.368 34,034 1,658.352 230,511 140.29 s 81,374 943,100 181,410 13,918 153,238 25,684 121,914 8.465 68,055 166,164 108,855 Br.Trunkof Can... ) Det.Gr.Hav.&M. < 2,489.130 Gt. No.— S. P. M. & M. 2,013,804 1899. 195,643 170,914 83,396 77.896 137,165 35,025 14.339 3.556,761 4,022 350.887 387,570 2,970,219 56S,296 7,779 1,290,151 475,971 548,348 325,352 3,595,397 137,567 96,133 121.952 436,286 31,332 1,605.829 203,019 16<,279 86,249 852.400 203,870 13,778 146,895 30.908 120,046 -lania Fe Pre8.<fe Phx ^Mer. 8hrev.<te -South. So. Mo, Arkansas.. & ioutheru Railway.. T.Haute & ludlanap. r. Haute & Peoria... r«ixa8 Central Texas & Pacitic rex. Sab.Val. &N.W. Tol. & Ohio Central.. rol. Peoria & West'n. Wabash ^ heel. A Lake Erie > fJlev. Can. & S0..5 Vlsoonsin Central... Yaioo & Miss. Val... Maoon <fe <fe Nashville.. Birmlntt'm. Manistlaue Mexican Central Mexican National.. Mexican Railway Mexican Southern.. Minn. &8c. Louis... Mlnn.St.P.Jt S.Ste.M. Ho. Kans. <fe Tex. svs Mo. Pac. & Iron Mfr. Central Branch Mobile Jack. <fe K. O Mobile* Ohio} Mont. & Mex. Gulf .. Nash. Chat. & St. L.* N Y.Cen.&Hud.Rlv.. Norfolk & Western. 2,456,42.=) 9.279 2,928 1,361 214 673.31 32.i.l00 65,025 266,169 390,613 —542 105 105 +13.815 +27,790 1,476 1,445 +18.941 711 929 546 648 929 546 + 187,533 6,542 6.397 -5,406 +247,948 —23,918 +2.752 292 103 632 336 111 292 94 282 + 152,523 1,891 1,838 362 +27.492 —22.984 192 -4,875 273 +90,700 1,675 589 —22,460 352 192 273 —382 + 19.391 + 170 +6.343 —5,224 +1,868 + 40 1,673 589 13 194 14< 168 82 146 307 285 304 262 346 + 319,362 + 67.9 5 4.246 3,679 775 555 610 20 172 973 277 174 90 50 775 655 810 20 172 973 277 174 63..'i56 —6,422 +22.575 —11.270 + 16,431 — 2.084 +9,315 +93,611 +45,^)77 -2,041 -3,225 +5,101 + 14,895 + 9,418 +90,428 + 1,923 -2,588 —110 692 —11,026 —12,310 — I,4t59 + 43.414 1,363,3 i3 2,926,000 + 289.730 2,566,6 2 +359,388 100.000 101,296 12,07ti 9,127 559,50? 103.361 565,977 4,457,413 1.066,351 1,275,761 13 194 146 162 336 111 4,649 + 31.950 + 19,900 222,745 370,022 1,073,633 680,900 130,761 631,635 4.720.432 1,136 353 202 346 6,408 60,OOo 438,440 138.739 38.346 42,260 5,615 164,636 50,333 2,365,997 7.356 5,516 1,474,906 584,337 335.410 Louisv. 1.170 + 17,697 4,321 Louis V. Hen d. & St. L. + 27,064 —19.219 7.438 6.952 +63,782 1,670 1,540 3,707 69,ai5 532,051 184,416 36.305 39.035 10,716 179,631 69.751 Kan. City Northwest Lehigh & Hud. River. Los Angeles Term'l.. Louisv. Evans.&St.L. +4.492 +4,646 +425,827 3,200 3,110 30 30 +400 472 338 +59,161 4,698 Kanawha & Mich &Mem.. Kan. C. Mem. &Blr.. . 196 143 188 292 228 114 3,707 801,670 189.956 Kan.C. Ft. 8. 196 143 188 292 228 118 310 +155,364 290.400 206,3S7 390,040 + 22,605 310 +4,554 3,129,932 481,580 20 s007 +11,906 +17.815 +24,191 1 + 20 (»21 — 1.'296 + 2,949 + 21.398 + 27.390 + 65.6o8 + 263.019 +209,400 37 z 166 3.154 97 59 2,064 1,823 127,8a3 293,295 47,381 365, -^OJ 13,8(3 819.469 796,698 159,038 75,45^ 83,9 28 99,823 15,499 2,915,702 133,488 48.521 87,134 1,217,632 14,000 209,034 96,633 1,536,236 6,456 5,131 $ 224 224 1,766 1,766 -5,484 203 203 280,847 +12,449 352 352 46,343 354,400 + 1,0^8 180 610 44 180 584 44 1,691 1.258 1,2.58 +10,80 +5,658! 8,145 6=)4,l4l 617,045 157,273 69,832 85,080 41,111 12,239 2,749,446 139,159 42,899 43,839 883,898! 10.500 185,097 83,920 1,430,459 219,887 384,129 612,701 11 + 165.328 + 179,653 + 1,795 + 5,626 1,402 158 165 224 155 94 158 165 224 -1,162 201 f58.712 + 3,660 + 166,256 94 6,441 6,297 5.671 + 5,622 80 174 227 80 174 176 1.517 3« 1,492 - + 43,29i + 363,731 + 3,500 371 248 38 371 248 2.368 2,326 461 950 464 950 1,030 1,001 +23,987 + 12,713 + 105,777 +30,8881 +24,352 +22,344 & Memphis Division In both years. * Includes Paduoah t Earnings are for railroad only. t Montgomery Division included <& 1899. 013%0 97.778 97,778 62,334.195 57,1€0.824 +5,173.371 1013^0 in both years. Evansville Inoludel In 1900 but not In 1899. GROSS EARNINGS FROM JANUARY TO DECEMBER 31. 91 60 372 166 8,033 97 59 2,0 1 1,266 of Road. 1900. llabama Gt. Southern.. & Tex. Pac— via. N. O. N. O. & Northeast'n... Alabama & Vlokab'g. Vlcksburg Shr. um Arbor & Pac. 1 1,932,963 832,190 76 5,8. & Knoxv. ) . I Iron Railway Kanawha <b Kansas C. Ft. S.<& Michigan Mem.. . . Like Shore & .Mich. So. Lehieh & Hudson Rivei Lehiuh Valley RR.* ... Lehigh Valley Coal*... Los Angeles Terminal.. Louisv. Evansv. & St.L.. uouisv. Hend. & St. L.. tjOUlsvlUe Vlacon & Nashville.. & Birmingham.. 643 1,278 2,222 4,938 1.278 2,197 4,938 388 60 87€ 390 388 50 876 390 1,195 2.H29 1,555 1,19.=) ilo. 2,H26 1,861 «o. Pacific <fe Iron Mt.. Central Branch Uanistique Mexican Central Mexican National Mftxloan Railway Sisxlcan Southern Mich. Ceut. & Can. So .. Minneapolis & St. Louis Minn. St. P.<fe 8. Ste. M.. Kan. A Texas 1,998.666 88.095 238,179 41,475 63.010 65.724 42,651 87,297 38,262,712^ 6,492,666 35,127 8,822 4,074,559 1,565,153 1,694,789 790.715 697,800 1,655,968 400,071 129,465 4,926,9321 29.23 '.).03 7 1,184,893 5,781 018 784,527 82,9J6 18,390 12,619,435 1.840.101 406.33 S 4,893,073 433,971 6,339,347 3,86:(,930 263,780 40,066,628 1,124,965 1,319,595 97.939 123,578 1,237,336 1,»54,623 4,825,7 14 1,440.491 326,071 15,612,823 2,082,078 1,7^(4,163 l,83,^,932 847,405 9,714,723 2.407 440 145,644 1.794,132 363,763 1,406,068 1 17,95 487.534 1,609,427 1,053,135 321,814 273,850 235.698 l,30i,8-J4 150,534 15,101 148,691 28,605 9,312 ii'248 !i 22,312,060 22,018,287 3.194,751 2,039,682 3,581,678 30,095,399 4,177,762 3,947.(00 77,198 158.691 153,869 776,208 903,680 739,994 39,570 1,056,339 4.454,030 44,544 1,700 63,041 1,635 2,2 '4,5-10 svs.. 64,408 847,246 683,249 5,960,216 5.333,750 1,818,447 1,574,802 390,67f^l 357,768 4.243,954! 3,787,301 26,450.000 23,613,946 460,565 49. ,756 23.049,2 2 22,659,16 18,^79,559 19,211,745 153,744 112,413 2,02 2,637 1,818,011 163,997 621,465 243,645! 32,910 456.653 2,336,054 31,191 390,121 932", 186 41, 3n 59 ,636 204,626 50,437 27,')02.I57 26,001,101 1,901.0.53 96.119 69. .-^es 26.254 19.331 648,0231 102.5*8! 83.247 17.215,367 15 602,065 7.758.1 '7i 7,087 675 4.46 -i,6 J 4 517,110 8.'4 305 754.278 16,615,000; 16,504,062 2,963.36. 2,8 6,523| 4,669.301 4.70:,355! 13.495, u 2 12,204,205 30,437,032 28,079 8 1,110,938 157.339 3S 8=>4 1,291.097 2 407,21 i 1,263,0531 71,536. 1,3^)4,639! 78,652 160,765 63.829 62,773' Kan. City Mem. & Blr Kansas City & North w.. Lake Erie *; Western... Deertaat, $ 2.086,761 1.721.692 North'n 442.-22 Valdosta & West. 216.762 Baltimore* Ohio 44,745,378 Bait. & Ohio So'w'n Bellefonte Central ..... 43,949 duff. Roch. & Pittsburg. 5,639,717 3url. Ced. Rap. <fe No... 4.848,280 Canadian Paciiio 30,414,930 Central of Georgia 6,565,575 Chattanooga Southern. 101,336 Oaesapeake & Ohio 14,459,536 Jhlo. & East'n Illinois.. 5,304,411' Ohio. Great Western 6,823,318 i;:!hic. Ind. <t LouIbv 4,132,760 Ohio. Milw. & St. PacQ.. 41,691.593 Ohio. Peoria & St. L.. 1.417.534 8t. L. Chic. & St. P. 5 ("!hic. Term'l Transfer.. 1,360,914 Ohoo. Oklah. & Gulft... 3,29 5.114 Oln. N.O. & Texas Pac. 4,986,519 Cln. Portsmth & Va.... 339,90 Olev. Cln. Chic & St. L. 17,39(3,986 Peoria & Eastern 2,403.892 Oleve. Lorain <fe Wheel. 2,107, 7rt2 Col. Sand. & Hocking.. 1,083.103 Oenv. & Rio Grande. .. 11.019.587 D il. So. Shore & Atl . . 2,557,9 74 East St. L. & Carondel.. 160,748 Elgin Joliet & Eastern. 1,94 2,823 Evansv. & Indianapolis. 336,168 Evansv. & Terre Haute 1,415,3301 106,710i FIndlay Ft. W. & West. Ft. Worth & Rio Gr'de.. 564.7321 Georgia 1,768,118 Ga. Southern & Florida. 1,207,0041 «rand Trunk ) Det. Gr. H. *Mllw..( 23,588.268 Jreat No. St. P. M. <fe M. 22.926,917 Eastern of Minnesota. 3,934,745 Montana Central 2.0J0.112 Hocking Valley 4.632.5171 Illinois Central .0 34,549,929 Int. <S Great Northern.. 4.222,30 Interoceanlc (Mex.) 3,948,700 Iowa Central 2,231,499! 4.tl. Itureate. 1899. Atl. 228 508 26( 122,39'j 250,775 403,481 635,045 Total (107 roads). Name + 54,936 nilnois Centrai.a Internat'lA Qt. No.. Interooeanio (Mex.).. Iowa Central Iron Railway Montana Central.. Hooking Vallev 251,061 +6,978 58(;,145 1900. 1899 2,434,194 146,264 104,301 1,858,440 233.364 209.429 367.465 2,810,570 423,625 Eastern of Minn... Increase or 1900. Decrease No. Pac. a Peoria Decatur 82 146 307 285 8,425 36,108 <fe Mileage. Oross Earnings. of Road. 690335 & L. E & Western.. Grande South'n Grande Western L. Kennett So.. Decrease. + 355,042 + 5,493 + 101.190 Bess. Kio Rio \lrureate or 2,282,997 105,0 .3 Pittsb. CI. & Tol Pittsb. Pa.<fe Fair, ian Fran. 247,948 Ala. N.O. &T. P. 8.V8.. 53,942 209.400 Kan. O. Mem.& Birm.. 45,677 187,533 Minn. & St. Louis 43,tl4 179,653 Texas Central 43,295 31,f<50 166,639 Ft Worth & Rio Gr. 166,256 Wheeling & L. Erie.... 30,888 165,328 152,523 Total (representing 105,777 37 roads) $4,944,062 104,190 93,611 Decreases. 90,700 Mexican Central $110,692 1899. MiUage. $ 2,638.039 110,546 Northern Paoiflo Ohio River Pere Marquette. GROSS EARNINGS AND MILEAGE IN DECEMBER. Name of Road, & to $30,000. PKINOIPAL CHANGBS IN GROSS BARKINGS IN DECEIWBER. IiK'roades. IncreaHei). Baltimore & Ohio $425,827 Louisville & Nashville $30,428 Texas & Pacific 363,734 Nash. Ohatt. & St. L.. 65,658 Miseouri PaolHo 358,092 Central of Georgia.... 63,782 Northern Paoi do 35.5,042 Buff. Roch. & Pitts.... 59,161 lUinola Central 319,362 Sher. Shrevep. & So... 58.712 Mo. Kans. & Texas... 289,730 Intirnat'l & Qt. Nor... 57,955 N.Y. Central 263,019 Srand Trunk 54.936 Choc. Oklah. & Gulf.. Norf ol k & Western 115 1900. In the case of the separate roacis the increases are equally large . . ).. Brott Eamingt. Increase Given. December. 1895(123 roads). . THE CHRONICLE. 1901.] 1.613.>«02 670,432 48,510 '76.027 ). . THE CHRONICLE. 116 Same Road. of Mobile Jack. & K. City. Mobile AOhlo Monterey & Mex. Gulf Nashv. Chat. & St. I4. H. Y. Cent. & Hud. Rlv N, T. Cblo & St. LoulB. Norfolk A Westei n Northern Pacitlc Ohio River Pere Marquette Plttab. Bess. <te 1899. 1900. 6.385,323 55,322135 52,162,04' 7,02?,291 15,075,415 12,823,02' 2,252,38*- 8,245,6<'( 28,901.062 1,192,597 7,327,207 2,338,332 1.809,28* 2,785.333 2f4,570 918,489 529,044 3,957,831 3,452,952 604,879 547,517 4,798,36f 115,00f 8 935,756,555.341 1,935,286 993,598 980,16t 585,565 184,846 32,349 07 1,609.319 502,225 3,887.592 45,292 910,777 14,237 1,261,016 7 09,694 81,107 47,356 31,686395 1,447,167 1,26.=^,38. 6.4! 0,529 6,919,98.'^ sales of bank stocks this week aggregate 626 shares, which 598 shares were sold at auction and 28 at the Stock Exchange. The transactions in trust company stocks reach a total of 205% shares, including 35 shares of a Brooklyn company. Prices of bank stocks show but little change from recent quotations. Trust company stocks sold this week all record increases in values. A large lot, 100 shares, of Farmers' Loan & Trust Co., sold at 15001;^, an advance from 14551^, the price paid two weeks ago. A sale of Morton Trust Co. stock at 610 compares with 579)^ last week and 525 J^ two weeks ago. Stiares. Banks— i^Tcio Yorle. Last Previous 8ale» Price. of Pittsburg Plttab. Pittsb. Palnea. > &F..) Rio Grande Southern.. Blo Grande Western... 81. L. Kennet & South. Bt. Louis <fe San Fran 8t. Louis Southwestern St. Louis Vand. & T. H Ban Fran. & No. Paoitl< Santa Fe Pres. & Phx.. Sherman Shreve.A Ho. Southern Mo. <& Ark.. Southern Railway . Haute & Indlarap... Terre Haute & Peoria. Texas Central Texas & Pacitlc Texas Sab. V. & N. W. T. 531,87' 9,639.304 Yazoo & 92 5,81.^ 375,26( 130,66( 2!>,475,34:- 1,527.321 437,72 16,895,1U 350,135 8,300 18t 88,4b> 2,025,45' 1,023,37> 15,643,94! 2,890,167 2,488,28:- 5.340.67< 5,397,24S 5,525,00(' l?3,18(i 2,5J9.51f' 1.119,457 Wabash ^ 0,76! 946,24 5lO,18J^ Toledo & Ohio Central. Toledo Peoria & West'n Wheeling & Lake Erie Cleve. Canton & 80.. Wisconsin Central 1( 7,674,741 5,845,65( l,854,17f 95 91 120 10 *il8 54,35L^ Total (113 roads).. 23 100 5 29 401.88) Hanover National Bxnk 521 Ill & Leather Bank, Nat Trust Companies— iV^eic Yorh. 22214 Co I6OOI4 Farmers' Loan & Trust Co 610 Morton TruKt Co 1404 Union Trust Co Trust Company—iroofci^n, 350 People's Trust Co 25 Atlantic Trust Dec. Dec. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 1900— 1900— 1901— 3901— 1901— 19C0— 1901— 1901— 1901— 1901— Aug. 1900— 261ifl 148 331 .='24 525>« 811 240 131^ 340 110 2OII4 Jan. 190 1— 1455^ Jan. 1901— 579i4 Dec. 1900—1377 Oct. 1899- 838 184,330 *Of this 15 shares were soil at the Stock Exchange. Stock Exchange. 257,535 ^86,957,83! 722,288,725 66,088,082 1,418,968 64,669,ll.i a Peoria Decatur & Evansville Included from September, 1900. * For 12 months to November 30; company's tlsoal year. t Earnings for December are for railroad only. 1 Includes Paducah & Memphis Division from July 1 in both years. ROADS REPORTING FOR ELEVEN 248 150-151 329ia-330 10 Shoe 40 1,251,197 5,139,71 Net increase Broadway Bank, National Citizens' Bank, National Commerce, Nat Bank of Importers' & Trad's Nat. Bank 535-535i3 6 Lincoln National Bank 845 tl3 Market & Palton Nat. Bank... 245 126 Merchants' Exch. Nat Bank.. ISI-I3214 38NewYork, N. B. A,, Bank of... 340 210,302 54,180 2.873.729 8l,t99 72, 66 181,746 1,339.118 34,712 504,067 96.079 5 Miss. Valley. ITEMS ABOUT BANKS, BANKERS AND TRUST CO S —The 47,158 624,371 124.474 631.79t 3.160.087 102,306 6,009,694 1.389.854 7,082,32f L. Erie. & Western.. Cleve. & Tol. 83,64' 130,79*^ Increast. Deerecue. [Vol. LXiI£. MONTHifl. tSale at the — The balances at the Clearing House on Wednesday were unprecedentedly large, amounting to $20,0-5,034, against $17,345,452 on April 11, 1899, the maximum previously recorded. The reason assigned was the large movement of money between banks, due, it was understood, to settlements for the Central New Jersey and the Pennsjlvacia Coal deals. — Jan. 1 to Nov. 30, 190O. 173,441 906,500 61,117 IK^IS.') 44.893,868 649,651 . 159,391 133,0 85 1.214.257 Bangor & Aroostiiok. .. Balh & HammondsD'rt. 34,782 &8 co Riv,.. Brunswick* Western.. Buffalo & Susquphann:i Central Ntw Englan^* Cent. Penn. & West.t-. Central of New Jersey. Charles! on & Savann'h 37,7 lii 619,351 602,301 557,030 18,637 13,927,525 671,126 44,37S,784 39,245,601 23,107,257 Chic. Burl & Qinncy.. Chicago & Nonh West. Chic. Rock Isl'd& Pac. Chic. St.P. Minn. & Om. Colorado &. Southern Co!. & Newb. Cornwall & 9,452,24'- 4,122,296 . Laurers.. 160,^ ©."i Lebanon,.. 259,713 941,466 2,058,864 829,096 4,249,854 Cumberland VHlley... Denver & Southw.'* A Detroit Mackinac. .. Duluth & Iron Range.. Erie .. W. & Denv. City... Gadsden & Alt. Un Ft. Gila Val. Globe <» No Hous. & Texas Central* Ind'a Deo. & West.!.. . ll,84fc 41,815,9738,145,213 20,755,435 9,694,244 3,649,0 6 144,688 230,; 96 34.08526) 1,624,95,^ 1,46'',418 14,267 348,84; 11,658 7,0!; 8,60- 65,422 7,497 si', 7 12 294,566 519,900 114,900 PennsylvaniaEast Lines West Lines & Northw. & Bait .. & Yough.* Penns.Tlv. Phila. Wilm. Pitthb. Char. 77,759,008 43,573,60' 637,633 10,377,341 165,08! 66,?05.008 ll,4Fi4,0r0 40,480,000 3,093,600 2;-<,744 613.889 9,711,246 666.100 154,009 11,080 24,585,386 22,054,054 933,693 5 17,55 f1,227,427 70,93: 22,384,449 25,410,423 850,404 407,238 1,262,953 51.13b 1,809,96.^ l,666,13i^ 4,:-'45,97P 3,603,765 Reading— & Reading RR. & .ron Co Phila. Coal Rich. Fred. & Potomac Rio Grande Junction. St. Jos. & Gr. Island... No. Ark.*. St. Louis & San Ant. & Aran. Pass Sav. Fla. & Wet-tern... Sllv. Springs Oc &G.. 226,481 59,560,62 700,679 3,276,080 Southern Pacific Western of Alabama.. W. Jersey & Seashore.. Wrightsville Tennille & 153593 York Southern 84,78 Total (68 roads) Net Increase (7-34 p. 0.) Mllesof road Note.— An 3,356,369 '83.289 110.321 "35,526 19 801 143,830 742,214 58,163 3,830,150 69.911 360. 20U 17,734 7,56« 510,931,885 476,001,178 39,295,019 4,364,312 34.9EO,707 55,381 63,460 1,921 (*> afflxed to the name of a road have been furnished only for the ten months For nine months to September 30. figures { asterisk payment to over 26 per cent on the company's Of this amount $55,000 has been applied of dividends has been Secretary of the company since its organization in 1893, resigned his position, ard Edward D. Wheeler was elected in his stead. The trustees adopted very complimentary resolutions in recognition of Mr. McFarland's services to the institution. Mr. Wheeler, the new Secretary, has for some time been the Secretary and Treasurer of the Empire State Savirgs Bank. The position of Assistant Secretary has been created and Edgar A. Taylor was elected to fill the same. — Henry 2,200,937 284 614 55,730,471 630,768 2,915.884 135,859 77,221 31,191 795 606,056 4,766,496 report submitted this and the remaining $75,893 has been added to the institution's surplus, which now stands at $538,020. At the meeting Mr. Thomas S. McFarland, who 16,752 6,.'i68,70 week at the annual meeting of the Fidelity Trust & Guaranty Company of Buffalo made quite a striking showing. George V. Fcrmac, the President, stated that the net earnirgs fcr the calendar year had been in the 324,997 49,144 257,048 "81 —The capital of $500,000. 164,537 2,609 451,963 947,302 491,756 210,664 3,804,419 680,624 23,496 4.467,022 2,362,012 4,881,396 $130,893, equivalent 816,820 164.67S 248,247 471, (67 365,595 2,067,446 241,996 62,80!* 473,27( 15,717 29,318 82,316 2,9t0,3l: 4.385,31' constitute the official board. 1,100,288 2,351.822 664,423 4,C01,e07 33,614.194 615,202 30,993 Central N. Y. Oct. & Western. N. Y. Susq. & Western, Norihern Central Pacific Coast Co.. ..... 2,." At the annual meeting of stockholders of the Audit Company of New York, held at the c ffices of the company, corner of Cedar and William streets, this city, on Thursday last, Mr. Thomas L. Green, the General Manager of the company, and Mr. John J. Mitchell, the Pi esident of the Illinois Trust & Savings Bank, Chicago, and also Chairman of the Western Board of Control, were both elected Vice- Presidents. These gentlemen, together with Mr. August Belmort, Acting President, Mr. William A. Nash, Vice-President, and Mr. Edward T. Perine, Secretary and Treasurer, 117,921 40,427 2.001 219,62( 61,877 85V>.151 1,742,04^1 4,410,47.'' Nevada "i'.ioi 607,506 720,222 597.457 16,636 13,707,905 f09.949 460,565 292,459 Eastern*. 'io',775 5.79P,784 57.975 35,969 2.7(0 200,301 2,193 1,204. 35< Mexican Fnternatlonal* Mexican Northern 12,391 120,473 3,&76 35,.=.20 501,107 Ilii' ois & Iowa Lehigh* Wilkesb Coal* A 18.«i,832 78t,027 57,142 120,930 39,097,084 591,676 1 23.427 130,385 1,013,956 35,883 3,285,31< Indiana Lexicgton Increase. Decrease. $ Adirondack Alabama Midland Annap Wash. & Bait... Arkansas Midland Atch. Top. <fe Santa Fe Atlanta & West Point. Austin & Northwf sfn* Baltimore & Lehigh Bridgton 1899. indicates that to October 31. Amy, cf the banking house of H. Amy & Co., of last week in the seventy-third year of his Friday died on age. Mr. Amy was a native of Belgium and he came to this country in 1^50, entering the employ of Meyer & Stucken, then one of the largest export houses in the city. Nine years later Mr Amy established the firm of Amy & Heye, as sue cessors to Meyer & Stucken, and in 1865, in conrection with G. L. Hoppenstedt, organized the banking firm of H. Amy & Co. Mr. Amy took an active part in the reorganization of several Western railroads and at the time of his death was a director of the Pittsburg Fort Wayne & Chicago Railway Co. He was for many years a member of the Board of Trustees of the Emigract Industrial Savings Bank and also of the Irish Emigrant Society. These institutions passed resolutions of condolence with his family and in recognition of his valuable services. — Herbert L. Griggs, who was formerly a member of the Co., was this week banking firm of Baring Magoun in place elected President of the Bank of New York, N. B. & A , e January Ebenezer ; THE CHRONICLE. 19, 1901. Mr. Griggs is a Director of the Park Steel Co. and of the Sun, the Thames and Mersey and the Union Marine insurance companies. John L. Riker, the Vice-President of the bank, was re-elected. of —The Bank larging its Mason, deceased. S. of America of this city has been steadily en- business of late and institutions in New business in 1812 in York. its now ranks among The Bank present location, the largest America began two new buildings of having been erected on the existing site since that time. A statement of the bank's condition has been issued of da* January 2, and comparing this with previous returns the foUowint/ record of growth is disclosed. Bk. OF Ameb- Surplus <i Individual Gross 10^, N. Y. Pro/lit. Deposits. 2 1901. ..$2,974,797 $30,210,918 4 1900.. 2,980,901 21,845,813 Sept 4 1900.. 2,916,359 17,256,438 May 31 1900.. 3,011,117 21,709,198 Mar. 10 1900.. 2,866,470 16,643,264 Dec. 4 1899.. 2,814,157 21,160,864 Sept. 20 1899.. 2,746,834 27,631,074 June 14 1899.. 2,786,666 25,391,690 Mar. 30 1899.. 2,6.'i0.851 27,903,785 Dec. 19 1898.. 2,«73,989 23,957,034 Sept. 29 1898.. 2,612,434 18,817,702 July 23 1898.. 2,563.222 15.365,763 Apr. 26 1898. 2,590,052 15,988,746 NoTK.- Capital stock was $1,500,000 Deposits. Aggregate Resources. $51,125,730 $55,705,'i28 485 31,801,919 36,284,815 475 29,963,480 34,413,808 450 34,550.643 39,063,202 450 27,243,810 31,612,059 430 32,354,9.52 36,670,992 440 38,235,470 42.512,127 440 40,044.965 44,333,189 405 45,215,064 49,367,360 404i< 34 642,867 38,819,74) 370 30,384.135 34,526.328 350 27,681,005 31,748,621 350 27,416,471 31,=)10,195 345 at all the dates above. Jan. Dec. The foregoing covers a period of less than two and threequarter years, and in this interval individual deposits have from A statement has just been issued showing great prosperity. that the bank eartjed $1,131,000 net in the late calendar year, being 37 7 per cent on the capital stock of $3,000,00 ». After paying 12 per cent dividends the bink was able to transfer a amount to its surplus account, which is now reported an even $4,000,000, besides which the undivided profits amount to $231,000 more. The market value of the shares bas been further enhanced and $830 is now bid for a $160 large at share. —Messrs. Geo. B. Hill & Co. of Piftsburg have issued with compliments a handy little book containing official records of securities dealt in on the Pittsburg Exchange from their April Price Bid. 117 1, 1894, to Oct. 31, 1900. sales of stocks In addition to the records of and bonds arranged alphabetically the book also contains a history of speculation in Pittsburg, beginning with the formation of the Pittsburg Petroleum Association in 1866. It likewise contains portraits of the officials of the Exchange. Mr. Alexander C. Thompson, financial editor of the " Pittsburg Commercial Gazette," is the author of this interesting and handsomely gotten-up manual, which is bound in Russia leather. — At a recent meeting of the directors of the State Bank Chicago Mr. Henry S. Henschen was appointed Assistant Cashier and Mr. Samuel E. Knecht Secretary in place of Charles L. Johnson, w ho has been elected President of the Western State Bank of Chicago. of —In an advertisement in the Baltimore papers the condition of the National Mechanics' Bank of Baltimore at the present and groes depcsits from time is compared with the condition of the same institution $37,416,471 to .151,125,730. Aggregate resources are $55,705,The comparison is interesting as on December 31 18S6. 528, against $31,510,195 on April 26 1898. The bank has showing how largely the business of the bank has increased added nearly $400,000 to its surplus and undivided profits, in the interval and how very much stronger is the bank's which now stand at $3,974,797 against $2,590,053 on April 26 standing now. Deposits at this time are §3,298,115, against 1898. At the earlier date given 345 was bid for the stock ^^2,491, 365 at the earlier date, and aggregate resources are now 485 is bid. The executive force of the bank is made up $11,240,127, as compared with $3,766,074 on December 31 of William H. Perkins, President Frederic P. Olcott, ViceBut the most noteworthy growth is in the i:;ems of 1886. President Walter M. Bennet, Cashier, and John Sage, surplus and profits. The surplus at $600,000 December 31 Assistant Cashier. 1900 contrasts with $135 000 on December 31 1886, and un— The contract for the purchase by the Chamber of Com- d.vided profits are $342,011, against; $19,708. In other words, merce of the property of the Central Realty Bond & Trust the total of surplus and profits now is almost one million Company on Liberty Street was signed this week and pos- dollars ($942,011), as compared with but S184,708 at the session of the property will be obtained May 1 The Cham- initial date in the comparison. The management of the inber will erect on the site a builiing of about the same gen- stitution is in the hands of John B. Ramsay, President eral plan as the Clearing House Buildiog on Cedar Street. James Scott, Cashier, and Charles Hann, Assistant Cashier. The main floor will be occupied by the above-named trust The Third National Bank of Atlanta, Ga., has added company aid the remainder of the building will, be devoted $20,000 to its surplus account, which now stands at .$75,000. to the uses of the Chamber. This is independent of the undivided profits. Lo^al papers —Group No. 7 of the State Bankers' Association, which state that it has been decided to enlarge the quarters of the risen $1.5,988,746 to $30,210,918, . ; ; ; — comprises representatives of banks in Brooklyn and on Long Island, held its annual banquet on Wednesday, Stephen M. Griswold of the Union Bank, Brooklyn, presiding. Speeches were made by Comptroller Bird S. Color, State Soperintendent of Banks Kilbnrn and others. A resolution was adopted requesting Congress to remove the war tax on the capital and surplus of banks. —The Varick Bank of this city, reference to tlie organiza which was made department last week, filed on Wednesday with the State Banking Department at Albany. The capital is $100,000 and the tion of in this articles of incorporation paii-in surplus $50,000. — James Sp yer of Speyer & Co. and William A. Read of the firm of Vermilye & Co. were elected trustees of the Central Trust Co. on Wednesday. bank, —A feature in our record of bank clearings for the late calendar year, as shown in the statement on page 1 of our issue of January 5, was the excellent comparison made with the previous year by the Southern cititf Among these Southern cities Savannah, however, was particularly distinguished for its ratio of growth, the percentage of increase being no less than 78. This is a larger ratio of growth than that shown by any other clearing house, not only in the South, but in the whole United States, The increase, too, came on The total of Savannah's top of an increase last year. . clearings for 1900 wa? $246,313,824, against $138,414,654 for the calendar year 1899 and $129,105,654 for the calendar year 1898. —A the —Hon. JohnW. Griggs, Attorney-Gtneral of the United Slates, has been elected a director of the Trust Company of America. —Edwin Gould, the President, was re-elected, as also were the other ofiicers of the Bowling Green Trust Company, on Wednesday, with the exception of George W. Ballon, who declined re-election as Vice-President for the reason that he hag been chosen Vice-President of the Standard Milling Co. and President of the Hecker-Jones Milling Co. —John O. Heald, son of the late President of the H^me Insurance Co. of this city, was elected President of the Second National Bank of Orange, N. J., on Thursday. new trust company for Rochester, N. Y., to be called Genesee Valley Trust Company is in process of organiz- The arrangements are in the hands of officials of the Traders' Na'ional Bank of Rochester and it is expected that the Hon. Henry C. Brewster, the President of that bank, will The list of 21 infill Ithe same office in the new institution. corporators includes names well known in the banking business and political life of Rochester and its vicinity. The company will probably be ready for business in about two ation. months. —The National Citizens' Bank of this city has issued a statement showing its condition on January 2. Comparing the figures in this statement with those for September 20 1898, a little over two years ago, we find that grofss deposits —In this column in our issue of May 12, 1900, we directed attention to the noteworthy expansion which has occurred in recent years in the business of the Illinois Trust Savings $4,379,928. against $3,088,469 at the earlier date, and aggregate resources $5,652,002, against $4,257 636. E. Fleit- Bank Woods, Cashier. & of Chicago Th's institution is evidently e joying are now mann is President, D. C. Tiebout Vice-President, and W. BL , THE CHRONICLE. 118 [Vol. LX3II. — One of the banks out West which has had very note- condition of the bank on December 31 1900, furnishes a worthy growth is the National Bank of Commerce of Kansas brief sketch of the history of the bank. He shows tliat the City. Thebfst way to indicate this growth is to bring to- deposits are now $777,307, against $628,815 December 31 gether the figures given in the statements made under the 1899, $455,894 December 31 1898, $386,128 December 31 1697 various calls of the Comptroller of the Currency during the and $316,231 December 31 1896. Total resources are $1,116,388, against $924,827, $753,268, $685,131 and §593,633, respectlast two years, as is done in the following. — Price. — ively, at the end of the previous four years. In the thirty Aggregate Nat. Bank OF Com- Surplus <e Gross Bid. Ask. years since Reso^irccs. MEECE, Kan. CiTT. ITnrfiD. pro/. Deposits. its organization, on December 26 1870, the bank 190 Dec. 13 1900 $711,617 $27,585,365 $30,296,983 180 has declared and paid sixty regular semi-annual and three 185 27,706,438 175 Sept. 5 1900 673,014 25,033,421 180 extra dividends. Mr. Tallman directs attention to the 23,904,965 26,482,595 170 June 29 1900 577,629 22,876,221 25,352,432 165 476,311 22,791,295 145 498,346 20.817,749 444,736 20,317,874 22,237,812 129 Sept. 7 1899 21,820,124 122 JunecO 1899 457,472 19.887,452 18.629,071 20,436,978 122 Apr. 5 1899 444.306 Feb. 4 1899 17,897,963 19,647,198 118 524,234 443,169 15.712,605 17,380,774 117 Dec 1 1898 16,782,885 114i« Sept 20 1898 425,014 15,222,871 Note.— Capital stock at all of the above dates was $ ,000,000. Apr. 26 1900 Feb. 13 1900 170 155 132 125 125 120 120 118 1 While the fact is doubtless known that the bank has a larger aggregate of deposits than any other institution in Kansas City, it may be a surprise to most persona here in the East to see how greatly the deposit line of the institution has been extended during the two years. On September 20 1898 now it will be noticed, gross deposits were only $15,222,871 the item amounts to $27,585,365. No return during this period has failed to show a larger total than its predecessor. ; Aggregate resources at $30,296,983 December 13 19C0 comSurplus pare with 116,782,885 on September 20 1898. and undivided profits are now |711,617, against $425,014 at the earlier date given. In September 1898 the stock was quoted at 1143^ bid and 118 asked, while at the date of the December statement 180 was bid and 190 asked. The officers of the bank are : President, W. S. Woods; Vice-President, W. H. Winants Cashier, W. A. Rule, and Assistant Cashier, C. H. Moore. ; — The Guaranty Trust Company of this city^is now paying dividends at the rate of 16 per cent per annum, that is, 4 per cent quarterly. The first dividend at that rate was paid in April, 1900, and the payment this month makes the fourth consecutive dividend at that figure. Previously shareholders had been receiving 12 per cent per annum. — Mr. William Berney has been elected President of the Capital City Bank of Montgomery, Ala,, succeeding E, B, Joseph, who voluntarily retired. W. D. Brown Is VicePresident and W. D. Hubbard, Cashier. The name of the bank was recently changed by Act of the Legislature from an insurance to a banking company. The vacancy in the Vice-Presidency of the Farley National Bank of Montgomery, Ala., occasioned by the death of Jacob Greil, has been filled by the appointment of Mr. Louis — Mr. Farley also retains bis position of Cashier. B. Farley. It was stated at the annual met ting this posit line week that the de- had reached and passed the million -dollar mark. —Michael A. MuUin has been appointed receiver Trust & Deposit Company of Baltimore. change that has occurred during this period in the personnel of the Board of Directors and the Executive Officers, he himself having held his position for the whole thirty years. The capital of the bank is $2CO,000. Mr. H. slight Roemer is the President. —Mr. John F. Shepley has been elected a director and of the Union Trust Company of St. Louis, Mo. — On January 14 Mr. Charles W. Otto, the President of the National Bank of Germantown, Philadelphia, completed h's fiftieth year or service with the institution and the annual election held a few days previously was made the occasion Mr. for tendering him congratulations and good wiehes. Otto's connection with the bank began in 1850 when he was appointed Acting Teller and Chief Clerk. The bank has been very successful, holding now surplus and undivided profits of $455,580 on a capital of $200,000. The Montana National Bank of Helena, Mont,, has made Fourth Vice-President — ceased to exist, having been converted into the National Bank of Montana. The management of the institution is practically the same as that of the old bank, the change having been found desirable because a considerable portion of the stock of the old bank formed parts of estates not yet Thenew institution starts with a capital of $250,000 and a surplus of $62,000. T. H. Marlow is the President, A. L. Smith Vice President and Thomas C, Kurtz Cashier. Among the stockholders are J. J. Hill and James H. Eckles. fettled. — The Board of Directors of the Cincinnati Trust Company held a meeting on the 11th inst. and elected four new members to the board. This was done under the recent change in the by-laws providing for fifteen members instead of twelve. There was one vacancy, but with the four new members the list is C, Ernst, now complete. Henry Burkhold, C. The new directors are: James H. Davis and Thomas Trevor. — Official authority to begin business was received last week from the Comptroller of the Currency by the new American National Bank of Indianapolis. The capital of was noted in this column on Aug. 25, is $250,0C0. The banking rooms of the new concern are being prepared for bueicess and will probably be opened to the public on Feb. 4. Mr. John Perrin is President of the bank and H. A. the bank, as Schlotzhauer is Cashier. — Mr. J. Warren Hardenbergh has been elected Vice-PresHudson County National Bank of Jersey City in At the annual meeting of the International Trust Com- place of Dr., John D. McGill, who has been made President pany of Baltimore this week, E. H. Thomson was added to of the bank to succeed the late Richard C. Washburn. Mr. the bosrd of directors to fill a vacancy. Douglas H. Gordon Hardenbergh is the President of the Commercial Trust Comwas continued as Prcj'ident and J. William Middendorf as pany of New Jersey. Vice-President. Mr. John E. Searles, however, declined re— Kauffmann interests have obtained control of the First election as one of the Vice-Presidents and his place is to be National Bank of Marquette, Mich., they having bought the taken by Mr. E. H, Thome on. Mr. Searles continues as a stock held by Peter White, who was one of the original indirector of the institution. Mr. Charles D. Fenhagan was corporators of the bank, which was established in 1864. At Atlantic of the ident of the — re-elected Secretary and Treasurer. more Sun" the statemf nt vided profits of $152,923, mating $334,799 at profit and the annual meeting on January 12 S. R. Kauffmann, L. G. showed undi- Kauffmann, N. M. Kauffmann, J. M. Longear, Peter White the credit of and E. H. Towar were elected the new board of directors. According to the "Balti- to the stockholders loss account. —The Calvert Bank of Baltimore, a new institution, to which reference was made in these columns in our issue of December S, opened for business on the 15th in temporary quarters at 304 North Howard Street. The permanent headquarters will be at the southeast corner of Howard and Saratoga streets, where a new building is now being erected. The bank starts with a capital of $100,0C0 and a surplus of There is a savings department connected with the $20,000. William C. Page is President, James H. Preston Vice President and Counsel and S. Edwin Cox is temporary institution. Cashier. —Mr. A. P. Tallman, the Cashier of the First National Bank, of Bellaire, Ohio, in sending out a statement of the — Mr. Charles L. Farrell, the Assistant Cashier of the National Bank of Indianapolis, recently prepared an article for the Indianapolis press in which be directed attention to the importance which Indianapolis has attained in the last two years as a financial centre. Between July 14 1898 and September 5 1900, he finds there was a gain in the deposits of the national banks in Indianapolis of $8 024, 495. Of this increase $5,060,431 was in the deposits of country banks and $2,964,063 in the deposits of individuals. May 1899 Indianapolis, It will be remembered that in through the itflaence of the Capital National and other banks, was made a reserve city and the growth in business is ascribed largely to that fact. The Capital Natiotal Bank has itself had a very successful career. The Bank has re- Capital 1 . January THE CHRONICLE. 19, 1901.] cently added $20,000 to its surplus account, making: the amount |100,000, besides charging off its premium account of |56,000 (its $354,000 United States bonds being now held furniture and fixture account to the amount of $17,500, These are the results after the payment of the usual annual dividend of 5 per cent. There are 111,000 of undiviied profits in addition to the $100, 000 surplus. and also charging at par) —The Union off its Company Trust of Pittsburg, in its statement shows deposits in excess of seven and one half million dollars, and aggregate resources exceeding nine million dollars. This compares with the returns for November 19 and May 17 as follows for December 31, : Uhion Trust Surplus Co., Pitts. Capital. Aggregate ^Price^-. Resources. Bid.Ask, Oross <& Pro/Its. Deposits. $881,972 $7,630,137 $9,012,103 375 .... 6,266,999 360 .... 4,882,832 884,166 5,056,070 300 .... 3,878,182 655.478 Deposits in the seven and a-half months, it will be seen, Deo. 31 1900. ..$500,000 Nov. 19 1900... 500,000 May 17 1900... 413,890 have jast about doubled, rising from $3,878,182 to $7,630,137. In the same period $226,494 has been added to the surplus and undivided profits, which now amount to $881,972 on a The stock stands capital of $500,000. at 375 bid, as against only 300 bid last May. —Mr. Wm. H. & Washington has issued the country's foreign trade for December, and from it and from previous statements we have prepared the following interesting summaries. POKBIQN TBADE! MOVEMENT OP THB UNITED STATES. The Bureau of Statistics at the statement of [la the following tablet three ciphers (OOOs) are In all oaae* omitted .] Imvortt. Bxvortt. nierch'dls«. t Jan.-March. 371,182 April-June. 340,832 July-Sept... 319.9S2 October 163.388 November.. 13«,702 I Excess. % 331,254+139,928 30S,165-H 33,687 1S5,048 +134,884 Bxportt. Imvorts. Kxcest. t t * 313,988 379,030 309.459 135,967 173,756 133,268 191,319-1-133.669 197.125 +•81.905 197,468-1-113,001 73,23i +-53.736 70,099 +53,667 70,784 +53,584 1,478.051 839,052+648.999 1,375,463 Gold and Gold In »re. Jan.-March. +-3,298 »,177 5,879 3,433 April-June. 33,264 10,747 +11.517 34,121 July-Sept... -|-3,65t} 33,185 19,479 5.324 463 -9,381 October .... 8?0 9,814 November.. 6^6 261 1 7,443 -16,748 411 -3.966 December. 3,376 11.857 798,967 +-476,501 December.. 70,631 63,S54 68,600 14.3.995 +93,757 +71,318 -|-7y,395 Total ( 14,729 -11,296 8.660 +-15.161 10,880 —5,658 —8,182 —3,640 . Total 54,155 66,738 8,642 3,904 5.620 +-6,237 -13.603 45.379 51,335 -5,956 7,682 6.754 8.283 3,328 3,772 3.026 +7.078 +-5,608 +-3,331 +-3,861 +-1,567 +-3,675 30,841 +33,618 Sliver and Silver In Ore. Jan.-March April-June. July-Sept.. . 13,004 15,366 17,132 8,119 10,730 11,302 +-6,885 +-4,636 -4-5,830 14,768 13,362 11,619 O.103 5,268 7,858 3.988 3,607 3,014 +-3,116 +-1,651 +-4,344 4,683 4,339 5,701 October .... November.. December.. Total 66,221 hKxcoaaot ezporls. 39,780 +-36,461 53,462 — Excess of Imports. subjoin the totals for merchandise, gold and the twelve months since Jan. 1 for sis years. silver for Mbrchandisb. Twelve Hot. Exports. Imports. Gold. Excess of Ex- Exports ports. » 1900. 1479,051 1899. 1,276,488 1898. 1265.640 1897. l,0tf9,709 1896, 1,006,887 839.052 798,987 634,984 743.595 681,580 » i~ Imports. Silver. Excess of Ex- Exports ports. Excess Im- of ports. $~~ Ex- ports. $"" t $ « 648999 54,135 66,788 •13,608 66.221 476601 45.379 51.336 •5,956 33.462 630GS2 1 6.196 168,161 •141.G89 33,797 337114 34.278 34.029 256 38,661 33425738,867 104.781 •46.474 64,056 39.760 J 6.461 30,''4< 33,618 39.131 34.686 33,082 33,679 30,279 33,777 1895 834,880 801,''e9 33,191 104,P67 34.396 70.671 34.211 34.373 39,838 * Bzcess ot Imports. Similar totals for the six the following exhibit. Mbrohandisi. Six Mos. Sxvorts. Imports. t * 766.017 6S3.149 634,004 609,911 361,225 Excess of ~ months since July 1 silver. following shows the merchandise balance for each year back to 1875. EXCESS OP MERCHANDISE IMPORTS OR EXPORTS. 12 months ending Dee. 31— 6 Tnonths ending Dee. 31— The 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 Export8.$29,579,698 Exports.! 13,255,68 Exports. 101,959,699 Export8.149.62.^,0.'i5 Exports.l3H,P)20,418 Exports.ie 1,7 12,752 Exports. 65,339,713 Exports. 54,575.469 Exports. 62,059,081 Exports 109,348,733 Exports. 45,067,432 Exports. 50.953,570 Exports. 33,572,693 Exports. 27,921,979 Exports. 87,239,638 Exports. 62,826,185 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 Exports.155,450,274 Exports. 50,064,29.3 Export8.170,037,663 Exports. 80,303, 2H.t Exports. 27,925,824 Export8.250,301,24 5 Export8.320,12 1,917 Exports.325,x01,059 Export8.271, 926,807 Export8.3;6.383,647 1900 Experts. $7,784,486 Exports.163,319,464 Exports.l 39,8.56,112 Export8.305, 479,590 Export8.25 1,557,029 Export8.192,876,246 Exports. 163,339,679 Exports. 15,138,439 Exports. 108, 143, 100 Exports 120,101,568 ExportB.100,381,125 Exports. 49,974,832 Exports. 6,482,566 Imports. 33,650,321 Exports. 56,584,382 Exports. 34,104,822 Exports.142, 188,703 Exports. 97.489,7<)6 Exports.l09,592,C02 Export8.148, 789,307 Exports. 23,190,789 Export8.324,257,685 Exports. 357. 113, 816 Exports.620,581,818 Exports. 47«,500,561 Exports.648.998,738 Ex- t I make [From oar OYm oorresponaent.] London, Saturday, January 5, 1901. The Stock Exchange received a severe and quite unexpected shock at the very end of the past week. For some time past the London & Globe Finance Corporation, a company which does a varied kind of business, being partly a promoting concern and partly a dealer in mines, has been endeavoring to secure control of certain West Australian gold mines, and especially of the Lake View Consolidated Mine, a mine that is considered to be exceedingly rich and valuable. On the other band, persistent efforts by powerful operators to "bear" Lake View shares have been made. It was notorious that this struggle was going on. The London & Globe Corporation was supposed to be rich, and nothing more, therefore, than curiosity and interest were felt in the conflict. Qaite late on Friday night last week, which was the last day of the fortnightly Stock Exchange settlement, the checks of several brokers were returned dishonored from the Clearing House. The circumstance was not known to many on Friday, and even on Saturday it was supposed to be due to an accident, and that the houses concerned would be able to save themselves. Unfortunately the hopes so entertained were unfounded, and since then altogether about a score of Stock Exihange firms have come down. Tney have been brought down by the inability of the London & Globe Finance Corporation to pay for the shares it had bought. It is said that the purchases were on an enormous scale, and that the figures ran into immense amounts. It must have been so, indeed, since so many houses were involved. The directors of the London & Globe have isauei a circalar calling a meeting for the purpose of passing a voluntary winding-up resolution. Some members of the Stock Exchange, on the other hand, are proposing that the liquidation should be under the supervision of the Court, so that all the facts shall be brought out. Meantime, the sympathy with the Stock Exchange firms is very strong; for it is believed that they had not themselves or at all events the principal amongst them had not speculated rashly, and that they were brought down solely by the failure of the London & Globe to meet its engagements. With regard to the London & Globe everybody seems agreed that there has been utterly unjustifiable speculation, and that moreover the directors had locked up the funds of the company in various utterly unsalable securities. The securities possibly may turn out to be perfectly good by and by; but in the meantime they cannot be disposed of. So many failures have naturally affected many other members of the Sto:k Exchange and a large circle of outside operators; and as a consequence there has been heavy selling other securities, and more particularly American securito prepare for the probable differences that will have to be met at the next Stock Exchange settlement. It is not merely, however, the direct break-down of the London Globe and the consequences th.it have followed to all who were executing the business of that concern that for the moment is agitating the Stock Exchange. The London Globe, as already said, is a promoter of companies, and recently it has brought out two or three large concerns, especially Canadian mining shares. After the issue the shares were run up to a high premium and very many of the original subscribers sold; but no special settlement has yet been Globe granted, and it is feared that either the London itself or the Stock Exchange firms connected with it were large purchasers of the shares. Consequently, it is apprehended that those who sold at a high premium will not be able to deliver, and that they will be called upon consequently to pay for the shares, many of them possibly being or ties, & & OOLD. Bxportt ports. 1900 1899 1898 1897 1896 18R3 and Co., IMPORTS AND EXPORTS FOR DECEMBER. We In these tables of totals, gold and silver in ore for all years are given under the heads respectively of gold Allen, recently of the firm of Lincoln, Cas- and formerly connected with Lee, Higginson & Co., has formed a partnership with Mr. Arthur W. Stevens. Mr. Stevens was formerly with Kidder, Peabody & Co. A ground floor office has been taken by the firm in the Brazier Building, 27 State St., Boston, where they will conduct an investment bond business. well 119 Im- SILVIR. Excess of ports. Exporti t 389,638 376384 J3.694 50,112 410,622 371927 17,825 37,946 308,703 333301 9.969 65.568 3S!>,789 330122 9,180 37,784 311,924 350301 15,266 78,788 4.ir.90S 1 1 0.069 37,026 HH.4IA 7.681 BzoeSB ot Imports. Bxessi Bx- Im- ports. ports, of Jix. ports t t t •36,418 35,861 30.911,14.940 •10.121 36.342 16.408, 9.934 •33.539 39,199 16.838 13.961 •18.6U ;{0,5C8 18.036 13,472 '63.520 33.793 15.4861 18.807 61 837';i0.fl78 1 .1 n83l 1 H.aoi & unable to do so. — : The wh( 1p Stock Exchange has been overshadowed by this There has been, especially later in the week, a sharp fall in almost all securities; and it is feared that the liquidation mobt go on for a consideiable time yet. Upon the Continent exceedingly little is doing. Paris is very quiet and slow liquidation is going on in Germany. There is, however, in Berlin a dying mt of the alarm created by the failure of the four mortgage banks; and as the great banks have combined to insure the paymeLt of the January coupons and all mortgage bonds, time is secured for making arranpementp. There is thus a hope that the holders of bonds (f the failed banks will not lose everything, and that there will be something saved from the wreck. Meanwhile, the directors have all been arrested and a thorough disaster. being instituted. On Thursday the directors of tbe Bank of England raised their rate of discount to 5 per c(nt. The well-informed were prepared for this; for indefd it has been evident for some time that the reserve of the Bank is decidedly too small; wtile the danger was rspidly increasing that Very large the reserve would be reduced still further. amouiits of sterlitg bil's are held by the leading French bank^; and if rates here were allowed to fall away it is very provable that the French banks would allow the bills to run off as they became due, and would take a good deal of gold for Palis. Were it for this alone it is obviously necessary to keep up rates to a point at which it will be more profitable for the French banks to employ money in London than in Paris. The Impel ial Bank of Germany also htL^s a cone-iderable amoutt of sterling bills; aod so do many other Continental banks; while it is believed that American banks and insurance companies likewise hold corsiderable is amounts. was obviously necessary, then, to take precaution fcr safeguerdirg the reserve. Many critics of the Bank of England, however, argue that money will now become cheap at all the great Con' inental centres, and that there will be no in ducement, therefore, to take gold from London to the Continent that in tbe Ucited States, likewise, money will flow back frcm the interior to New Yoik, and that, in short, while iLODey everywhere else will tend to become abundant and cheap, it will be kept up in London by the large expendituie upon tbe war. As a matter of fact, however, the Bank has been losing gold for some time past and what is still more remarkable is that there has not been during the first few days of the New Year such a return of either coin or notes from the internal circulation as is usual. In any event, the directors found on Ttursday that the proportion borne by their reserve to their liabilities was under 30 per cent; and evidently they thought that too low a ratio, and hastened to take measures to strengthen their position. It « : THE CHRONICLE. 120 inquiry e fVOL. LXill. Bombay £500,000; Straits, 15,00C; Cape Town, £3,000; West Indies. £87,000. Total, £624,500. Silver.— Owing to dear money, and there being rather more offering for near delivery than the market could readily take, the price has given way to 297i»d. For forward delivery there is a good demand and the price is 29»«d. The Indian price is Ks. 75H per 100 Tolaha. Arrivals: New York. £231,000; Australia, fii-i.OOO; Chile, 4,000; West Indlec, 24,000. Total, £262,000. Shipments Deo. 28: Bombay, £218,000; Hong Kone^, £57,200. Total, £275,200. Mexican Dollars.— Nothing has been done lately in these coins and the price is nominal. Arrivals: New York, £22,000. Shipments: Shanghai. £10,500. Australia. £16,500; The following shows the imports of cereal produce into the United Kingdom during the first eighteen weeks of the new season compared with previous seasons IMPOSTS. 1897-98. 1898-99. 1899-00. 190C-01, tmportSOfwheat.0Wl.25,9S9,lC0 21,679,700 21.085,850 22,t72.650' Barley 8,636,094 8,971,200 6,935,500 12,613,200 .'^,447,820 Oats 5,964,570 7.^44,000 6,440,600 Peas 1,011.070 1,0.'>9,130 897,470 l,306,/00 Beans 1,202,480 742,040 925,720 627,400 Indian Corn 19,07.3,500 22,501,000 17,578,^:60 15,520,660 Flour 6,825,100 7,762,100 7.790.600 7,653,030 Supplies available for consumption (exclusive of stocks on September ij 190001. Wlieatlmported,cwt.25. 939,100 imports of flour...... 7,762,100 Bales of home-grown. 9,208,394 1899-00. 21,679,700 7,790,600 12,3CO,C00 1897-98. 189E-99. 21,085.850 7,653.030 12,012,704 22, 672,550^ 6,825,100 10,824,297 .42,909,594 41,770,300 40,751,584 40.321947 4d. 25g. 9d. 268. lid. 248. 6d 5d 268. Id. 278. Od. 'c3a. 8d. The following shows the quantities of wheat, flour and maize afloat to the United Kingdom: Total ».ver.prlce wheat, week. 268. A.verage price, season. 27b. This week. WTieat qrs -.2,015,000 Flour, equal to qrs... 370,000 Maize 760,000 qrs... Last week. 1,990,000 385,000 790,000 320,000 1899. 1.840,000 420,000 fc20,000 f<05,000 1900. l.Si^S.OOO EnsLlsb Financial markets— Per Cable. The daily closin,<j quotations for securities, etc., at London are reported by c^ble as follows for the week ending Jan, 18. ; ; In France money is very abundant. Yet it is not thought probable that the Bank of France will reduce its late of discount, especially lince the advance made by the Bank of England. In Germany, too, morey, is very easy. Trade is quiet. The iron industry in particular is very depressed. Speculation is completely at a Ptandstill, and thus rates are steadily declining. All over the Contintnt, indeed, it locks as if trade was beccming more snd more quiet, and as if therefore, the usual accumulation of unemployed money at the great banking centres would be larger than for a considerable time past. The India Council continues to sell its drafts very satisfactorily. On Wednesday it offered for lender 60 lacs, and the applications amounted to 433J^ lacs. The whole amount offered was allotted at pric s ranging from Is. 4 l-33d. to Later in the day a very small amount Is. 4 3-32d. per rupee. was sold by special contract at Is. 4 l-16d. per rupee. The following return shows the position of the Bank ol England, the Bank rate of discount, the price of consols, (fee , 1901. Jan,'^, £ Olrcnlatlon Public deposits 30,280,620 8.784,b23 46,9)8.l!a5 20.e81,9ti0 secnrltles Other securities 3S77h,925 16,211,680 Reserve of notes and coin Coin & bullion, both departm'ts 2W.667.300 Prop, reserve to liabilities.. P.O. Bank rate Consols, 25< per cent percent. 8P,327.8l!0 8,744,085 44,627.290 16,1)00,813 34,''19,188 2i.598,i58 33,126,176 3(5 9-16 6 299-16(1. 290,487,000 Olearlnsf-Honse returni Jan. 3. The quotations £9ii-16 *d 97B-16 BUver 1869. Jan.i £ Other deposits Oovemment 1900. Jan.3. 98 13-16 27 1-160 252,184,000 1898. Jan. 5 £ LounoN. per ounce Silver, , For account FVoh rentes (in Paris) fr. Spanish 4s Anaconda Miming Top. & Santa Fe.. Preferred Baltimore & Ohio Preferred A.toh. Canadian Paciflo Chesapeake* Ohio & Chlo. Mil. Den. Do Erie, & Rio St. Paul... Gr., com... do Preferred common Ist preferred 2d preferred nilnols Central LonisvUle & Nashville. Mo. Kan. & Tex., com.. Preferred & Hudson.. ». Y. Ontario & West'c Iforfolk & Western ». Y. Cent'l do Do pref Northern Paclflc, com. Preferred Pennsylvania *Phlla. &Bead 'Phlla. «fe Kead.,l8t pref Phila. Read. , 2d pref. •Jouthem Paciflo & jouth'n Railway, com. Preferred Onion Pacific Preferred... Wabash preferred Do Do ' Peb. "B" frioe per snare. 27.761.P48 9,7l7,355 28,137,045 89,487, .2S 14 8 4,469 41,443.070 14.023,036 34,793 736 32 917,053 ll-S-S.H-S 30,310 823 39 8-16 19,98p,0( 7 hi 2^2,^52 3K6-16 3 4 1'% llOH 863-l6d 2';^a. 232.9j7.000 3. 8. Bar gold, fine oz. 77111^ D. S. gold ooin...oz. 76 Qemi'n gold ooln.oz. 76 Prencli gold ooln.oz. 76 Japanese yen oz. d. 6 6 6 76 6 8. d. 7711iffl 76 76 76 76 Silver. London Standard. 6 6 6 6 Bar sliver, 293,p 29 Is 293i6 96^8 96i5i, 96 iSl, 97iia 9616.8 97 973, 971,6 101-80 0187ifl 01-9714 101-85 10190 71i« 7116 71ifl 70% 70»fl 914 969 9»8 988 9^ 4fcl8 47^8 47 4678 47% 87I3 8738 91 91 90 95ie 9.. 78 9538 95 931a 88I4 89 89% 87% 89% 93I4 9314 92 92 92 4OI4 4ii58 42 4Hfl 40% I56I3 1581^ 154ifl 154 1541a 31!^ 3214 32 33 33 86I4 86 86 84% 85 >a 2938 3018 2979 31 291a 69 14 6718 6938 67 68 le 46 1« 4534 44 46 46 134 la 135 IS413 136^ 136 i(2l4 9078 9188 91% 17i« 1714 1718 lb 73 17 48I3 49 49 58 49% 49 1.-0 149 150 147 1461a 3378 36 35 J4 33% 331a 4638 4738 473^ iT^ 46 86I4 86I2 8bl4 8^614 85% 86I4 85I4 8414 8414 87^8 9OI4 8hia 89 90 89 76I4 76% 77 76% 761s 17 14 16% 1778 17% 18 37S8 3618 38 E7''8 373e 23i« 23 22% 22ifl 23 4379 4419 4314 44% 437e 2II4 22 14 2088 21^8 22ifl 74 I4 7Sia 73 75 74»fl 86I9 89>4 88 86% 881a 86 86% 85% 851a 861s 1214 13 1238 13 13 28I4 28Jfl 27% 26% 261a 9m 45% 45ifl 45% 44% 44 14 291,6 969,b 9611 s 0197 J« 71i« 9 4588 86 a» 9014 88 92 40 153ifl 32ie 84ifl 2819 651a 4278 1331a 90% 16% 48I4 1441a 3214 451a 8512 841a 68I9 75 16i« 36 21ifl 44ig 20 721a 8Sie 8518 12 26ie 43 la ; 222,654,000 For week. Jan. 3. Dee. 27. d. d. 29^8 flue. oz. 297i6 2 mo. delivery 291a 29iiu Bar silver, contaln'g do 5 grs. gold.oz. 29l5ie 30i€ . . Do do 4 grs. gold.oz. 29\ 291&16 do 3 grs. gold.oz. 299ia 9% Cake sliver oz. SlBg Si's fifexloan dollars. oz. Nom. 29t Nominal. Abell write as follows under date of Messrs. Pixley Jan. 3 Gold.— The demand has increased since our last, and rather better The Bank has sold prices are obtainable for open market arrivals. £407,000, of which iJ 118,000 has been sent to India, and has received £8,000 from Australia. The Bank rate fixed at 4 per cent on 19th July last was raised to-day to 5 per cent. Arrivals: OhUe, £3,000 t 29 14 971, 973,, JB)n. Imports and Exports for the Week.— The following are the imports at New York for the week ending for dry goods Jan. 10 and for the week ending for general merchandise Jan. 11 also totals since beginning first week January. FOBEION IMPORTS. 1901. Dry Ooods Dec. 27. 29 k Thurt 9.lt-0,8!3 for bullion are reported as follows: Jan. Mon, £ 1900. 1899. 1898. $2,190,044 9,263,802 »3,600,004 5,210,754 $1,637,555 7,281,536 §11,453,846 $8,810,758 $8,919,091 C 9en'l mer'dlse ?4,E06.059 17,080,181 85,968,080 13,101,591 $3,894,661 14,893,6b9 $4,812,188 11,437,373 Iotal2weel;8.. $21,386,240 519,069,671 $18,788,350 $16,249,555 1 Gold. London Standard. d. Consols. new, 2% p. ots Sat. Oen'l mer'dlae Total Since Jan. $2,422/ 3(K 4,119,18» 6,571,219 \. Dry Goods The following is a statement of the exports (exclusive of from the port of New York to foreign ports for the week ending Jan. 14, and from January 1 to date. BXFOKT8 FBOM NEW TORK FOB THE WEEK. specie) & 1901. 1£00. 1899. For the week.. Prev. reported $12,393,284 9,033,419 $11,588,487 13,073,893 $13,742,687 11,802,705 Total2wee]b8. $21,426,703 $24,668,380 $25,545,392 $17,559,358 1898. $9,569,867 7,989,491 J January THE CHRONICLE. 19, 1901, The following table shows the exports and imports of New York for the week ending Jan. 12 and since January 1, 1901, and for the corresponding periods In 1900 and 1899. EXPORTS AHD I1CPOBT8 OF 8PBCIB AT NEW TORK. Reports of Non gpecie at the port of Fxporlt. '^e $24',705 $22,940 7,676 11,345 Total 1901 Total 1900 Total 1899 $128,725 7,676 41,297 1,5C0 $22,940 8122,940 1,045,605 118.286 3,915.605 1,173,338 $43,726 101.885 43,S14; 128,3 194,7 129,0 65,2 20,4 102,4 69.6 136,8 69,2 175,9 118,4 238,9 64,8 69,8 361,3 180,2 23,8 98,4 1474,6 2115,0 $179,198 111,647 60,202 160,0 100,0 300,0 100,0 100,0 160,0 262,0 600,0 100,0 100.0 300,0 300,0 100,0 100,0 100,0 100,0 200,0 100,0 100,0 100,0 124,6 169,3 161,0 43,3 67,7 63,8 493,8 368,9 203,1 16.3 635,9 576,7 121,7 126,9 63,4 76,9 235,4 63,7 69,4 49,9 1070.3 1476,4 1168,5 361,8 RichTTumd. of Staten Isl l8tNat,,Staten Isl 26,0 100,0 68,3 84,6 618.4 718,6 16,4 40.0 21,0 Other Cities. istNat., Jer. City. and. Co. Nat., J.C. IdNat., Jer. City.. Jd Nat., Jer. City.. St Nat., Hoboken. 2d Nat., Hoboken. 400,0 260,0 260,0 200,0 110,0 126,0 879,9 565,6 346,4 229,0 459,9 107,9 6077,1 237.7 208,1 85,7 'olnnihla ......... ifransevoort rlamllton tfoant Morris Mutual >nneteenth Ward.. (•lAsa. riverside SilVCT state Since Jan, Week. Great Britain France $931,*?65 Week. 1. SiTiceJan.l $1,384,485 West Inaies Mexico Roath America 2i"4d5 Total 1901 Total 1900 Total 1899 Washington "$7',900 21,405 88,400 60,153 67,084 60,168 16 ""'725 All other countries. 7^0 $1,003,395 927.591 1,067.835 Pwelfth Ward rwenty-thlrd W'd. CTnlonHquare rorkvllle ""'906 Germany $1 ,406.790 $68,069 60,872 49,366 1,711,507 1,964,990 $186 357 101,132 82,132 Fidelity Boroxu/h of Brooklyn. Bedford Broadway Brooklyn Eighth Ward Avenue Filth Kings Connty Mannfaot'rs' Nat'l. Mechanics New York City Clearing House Banks.—Statement of condition for the week ending Jan. 12, based on average of daily results. We omit two ciphers (00) in all eases. « ech's' «fc Traders' >ferchant8' ifassau National.. National City MorthSlde People's BANKS Capital. Swrplu$. Leant. LegaU. Specie. $ Bankof N. Y 2,000,0' 2,074,3 2,050,01 2,114,4 Co... Merchants' Mechanics' 2,000,0 l,l»0,tf 2,000,0i 2,261,4 America Phenix 1,600,0 2,980,9 1,000,0 241,3 10,000,0 6,490,3 300,0 6,881,7 aty Ohemlcal Merchants' Ex.. 600,0 224,6 1,000,0 1,200,0 6,000,0 10,000,0 1,000,0 1,000,0 1,873,3 86,5 124,8 173,6 486,1 216,4 643,3 2,940,1 6,936,0 i,eo3,e 1.239.2 422,7 484,7 1,600,0 1,140,8 460,0 994,6 aallatln Butch. & Drov's' Mech.<& Traders' 300,0 400,0 200,0 600,0 300,0 Sreenwloh Leather M'f'rs.. Seventh State olN.Y.... American Bxch Commerce Broadway Mercantile Paolflc Kepabllo Chatham People's North America.. 200,0 337,3 1,000,0 784,9 8,000,0 6,178,8 600,0 458,1 600,0 407,3 600,0 274,9 900,0 1,047,6 1,000,0 206,8 1,400,0 1,807,2 1,000,0 518,4 Hanover Irving OltUens' Nassau Markets Falton Shoe & Leather. Com ^Exchange.. Continental ... Oriental Imp't'rs'A Trad. 300,0 1,600,0 Park 2,000,0 Bast River.... 260,0 Pourth __ 3,000,0 Central 1,000,0 Second Ninth 300,0 760,0 600,0 300,0 260,0 200,0 760,0 Plrst N.Y. Nat'l Exch. Bowery N. Y. Connty.... German Amerl.. Chase Fifth Avenue... eierman Exch... 401,0 6,107,8 3,668,6 161,1 8,467,4 667,6 888,7 66,8 9,220,6 109,8 724,7 388,6 366,0 1,000,0 2,110,6 100,0 1,326,7 200,0 638,6 200,0 818,6 Germanla Lincoln 300,0 919,7 200,0 1,095,6 200,0 348,0 300,0 1,018,2 West Side 200,0 426.4 Seaboard 500,0 813,8 Western 3,100,0 1,871,7 Ist Nat., B'klyn. 300,0 630,8 Liberty 600,0j 604,1 N. Y. Prod. Ex.. 1,000,01 379,2 NewAmsterdam 260,0 444,6 AstoT 360,01 296,4 Hide & Leather. 600,0 326,1 Garfield Fifth Bank of Metrop. atrvi $ P.O. 15,106,0 22,923,0 17.959,8 12,686,0 24,842,1 4,930,0 121,710.5 25,307,5 6,134,0 6,715,3 1.197,7 2,665,0 930,7 4,436,9 4,211,9 4,239,6 21,932,0 61,888,8 6,224,7 18,616,8 3,648,7 19,703.4 6.187,1 2,900.0 IS.706,3 49,801.0 4,702.0 3,619,1 8,445.5 6,732,1 8,760,3 22,403,0 6,284,4 2,133,0 24,109,0 68,001,0 1,539,8 26,300,4 13,712,0 10,038,0 3,497.2 37,632,2 3,176,5 3,838,0 4,029,7 3.660,5 48,744,7 27-4 29-7 26-6 25-6 1,016,0 A248,U 1.621,3 611,0 2,267.1 165,0 6,073,5 2,413,9 667,2 993,1 49,9 199,0 199,6 429,3 389,6 277,3 1,904,0 6,189,7 801.9 1,688.4 631,7 1,081.2 943,7 736,1 978.9 4,880,0 685,7 209,0 381,0 814.6 256,7 2,268,0 628,2 396.0 1,117,0 3,431,0 228,7 2,180,8 1,680,0 994,0 248,0 1,963,1 328,2 8 59,0 361,8 290.1 1,918.2 474.2 983,6 686,4 10.386,0' 3,820,4 1,628,9 329,7 162,7 607,6 13,798,8; 7,654,9l 4,419,3 2,297,7 8,043,7 2,904,0 16,475,0 40,399,8 4,326.0 6,743,8 3,784.4 6,736,7 4,673,1 2,345.6 347,0 1,846,0 '2,264.2 688,0 426,0 338,2 733,3 384,3 62,2 26-1 30'2 311 80 4 271 29-2 29-9 17-8 32-4 28-1 19-8 27-4 25-8 260 26-1 28-6 22-5 28-3 28-2 32-5 26-6 28-0 290 28-4 21-3 28-6 24-4 250 24-7 29-2 25-2 306 33-3 25-8 35-6 25-3 24-7 240 27-7 20-6 28 1 21-9 27-9 25-9 33-6 22-4 25-2 25-3 28-4 Citj, Boston summary of Surplus. Loa'u. $ $ & Spteit. 1590410 1817197 1848278 4 1731576 Boa.* 29.. '• 12.. 6.. Phlla.* neo. Jan. 39.. •• 13.. Qnlon i^allabout 24-6 28-9 25-3 67.682.9 181,405, 67,632.9 181,835, 67,632.9 181,913, 12,666,0 13,385,0 13.717,0 $ 1 125.1 48,0 69,1 69,1 477,4 182,9 61,1 35,4 613,0 426,0 61,2 43,0 42,8 64,6 185.0 68,4 68.6 44,9 1240.3 1664,1 1110,6 293,2 676,8 34,7 648.6 18,9 3468,0 8109,8 904,7 8,2 493.6 46,0 43380 199,0 3105,0 814,8 33,6 930,4 67,1 593,2 16,8 468,3 46,2 103,0 1120,0 461,4 3.7 624,2 46,0 723,3 31,8 100,0 I 6,71 6,8: 2015,3' 107,6 1231,6 81,2 888,1 41,2 2078,4l 134,1 811.61 61,9 19,2 18,9 64,4 80,9 60,7 97,2 106,3 948,1 329,9 308,1 164,0 168,9 124,7 606.6 708,9 17,3 618,7 6116,8 136,2j 1986.1 1187.4 909,3 45,6 48,9 1910.8 89,9| 1036,6 Auction Sales.— Among other securities the following, not regularly dealt in at the Board, were recently sold at auction. By Messrs. Adrian H. Muller & Son. Stoeks. Stoclcs 103 Importers' & 61 CaTuga Traders' 535J4-535i2 & Susquehanna 213 Nat. Bank RR Co 25 People's Trust Co 350 95 Nat. Broadway Bank... 243 46^'( Atlantic Trust Co 22214 125 Merchants' Excb. Nat. 13i-13'i4 100 Tntet-StatH Oil Co .438 per ah. Bank... 91 Nat. Citizeue' Bank ..I'D 151 6 Pern La Salle Gas Ll>!ht 15 N. Y. & N. J. Teleph. Co.l80»4 .$l 10 per eh. <fe Power Co... 480Cliicago Heights Land 100 Farmers' Loan &. Trust 150014 Association, com Ci> $80 lot 10 Hanover Nat. Bank 521 60 Dennett Surpassing Cof fee Co., com 610 5 Morton Trust Co $11 per sh, 120 Nat, Bank of Commerce. Jionds. ^-330 RR. 329 gen. $3,000 Ohio South. 10 Nat. Shoe & Leather B'k.lll consol. 4s (tr. co. certs of 29 Union Trust Co deposit) 1404 7^ SOUuittdN. J.RR & Canal $1,500 City of N. Y, 6% oon-277 Co., guaranteed sol. Btock, 19iil. 101 $l.r00 Coney Isl. & Br'klyn 50 Erie & Pittsb, RR guar 162 6 Lincoln Nat Bank, N.Y-845 RR, 58, certs, of Indebted 2Ne\v Jersey Zinc Co 202 ness, 1903; J&J 100% 38 Bank of N. Y., N. B. A. .340 , By Messrs. R. V. Harnett & Co. Stocks. Slacks. £610 Deferred stock U. & 425 Bon 8. Tr. Ami Co .176 Guar. Corp., Lim.$325 lot SauUing 260 atid ^itiatictal. 32-6 $ 63.353.5 854.189,2 31,040.8:12830439 87.069,8 870,950.1 30,982,6 16916188 70.574.6 885,338,2 30,970,9 18899277 10,204,0 199,651,0 10,225,0 210.001,0 10,604,0 208,968,0 638,6 482,3 1091,0 442,7 683.4 733.0 179.2 261,7 I I- 24-9 26-2 23-4 $ 60,157.1838,404,4 80,902.6 16741682 1 608,1 4038,0 2680.0 866,9 88 .',7 88,9 113,1 45,2 26.6 30.1 24.7 349,1 144.3 88,4 7,7 89,4 160,0 814,0 163,0 277,0 13.] 60,4 47,1 46,4 18,4 28,7 48.9 10,3 10,0 95,8 22,4 16,5 62.9 26,6 14,6 89,6 18,5 122,4 211.6 198,7 208 2 71,0 98,0 171,0 87.3 69,5 488,6 81.2 69,1 84,6 $ 1616,0 203,0 2375,0 1807,0 1450,2 73.6 677,0 1487,6 6'i'6 2608,4 2 135»,1 1773.9 2626,0 1031,7 253.0 3844.0 24,0' 1837,6 9,2 1109.8 2786,4 23,'3' 1604,1 408,4 7.7 218,1 2264,4706108 Totals Jan. 13.. 7662,0 8626,0 6S284,6;3196,1 4228.0 8098 Totals Jan. 6-» 7662,0 8626,0 62981,7 3231,2 3990,3 8964,5 2031.2 70704,9 Totals Dee. 29 . 7662,0 8625,0 62608,3 3109,2 4230,6 7826,4 1738.3 68741,0 Speincer ai A. PINK STREET Co., NKTT YORK INVESTMENT SECURITIES. Members N. 7. Stock BzchauKe Branch OfDce, 87 State Moffat St., Albany at.wxaitdbb m. Whiti, 3u asoBOB Babolat Moffat. 6,949.0 116,906,6 6,988.0 172,399.1 6,996,0 148,648,8 38.716,3 161,798 60.987,0 1188.687,0 9.392,0 88,864,3 38.716,3 181,218, 65,920,0 1194,867,0 9.43 3,0 106.999.6 88,715,3' 161,942, 67,582,0 1196,425,0 9,42^,0 109,860,1 • We omit two ciphers in ail these llQure^. t includlnK for Bostou and Philadelphia the Item "due to other banks." 29 Trask & BANKERS, Transact a general bankinor businessi act as Fiscal Agents for corporations, and negotiate security Execute issues of railroads and other companies. commission orders and deal In Depo»tt*.t| Oirc'Vn. Oleortrw $ 809,1 848,4 2620,9 2777,8 971.5 16,0 21,8 68.3 18,7 86,4 36,2 291,6 161,3 20,3 t 203.7 171,0 271,7 216,4 254 Philadelphia Banks. -Below Ltgals. t t 48.7 118.0 147,0 104,0 1034,1' 61,3 70,2 1205,91 68.0 48,9 682,6 7.2 40,8 130^,8 88,1 94.0 2070,9 121.2 98,1 1307,6 48.7 137.5 1291,6 26,1 133,6 2485,0 113,0 147,0 10.4.1 14,8 81,9 3043,0 278,0 189,0 1187,6 46.8 205,8 990,6 48,1 112,8 2085,8 65,5 276.4 1498,1 67,6 108,0 425,0 10.9 18.8 831,6 6,9 14,9 Borough of Bank 74,222,792,267,6 W8,032,4 1731676 70,674,6 885.336,3 27-6 Dec. 32. 164,478,9 787,098, " 29.. 138,480,2 798,457, 2 Jan. 6., 186,480,2 803,989, 6 " 12.. 188,480.2 808,032, Deo. Jan. rwenty-slxth W'd. 23 the weekly returns of the Clearing House Banks of New York City, Boston and Philadelphia The New York figures do not include results for the non memoer banks. Capital A Banks. Schermerhorn Seventeenth Ward rfipragueNatlonal.. S 16,197,0 3,131,0 19,261,0 4,665,0 15,048,9 3,248,9 11,982,0 2,609.0 21,830,9 3,989,6 4,607,0 1.326,0 102,449,8 31.866.3 24,392,8 6,289,0 6,287,3 1.107,4 8,408.3 96S,6 1,068,8 H08,6 2,422,0 27rf,0 982,8 102,4 4,883,7 817,9 3,332,4 444,1 4,600,8 8:J6.6 23,243,0 3,775,0 62,323.7 7,266,4 6.883,1 1,062,0 18,093,7 2,033,1 2,721,8 271,0 17,432,6 4,606,4 5,937,0 803,9 2,004,6 210.5 12,474,8 2,689,7 45,102,4 9,066,9 4,221,0 731,8 3,116,0 720,6 2,815,0 458,1 6,257.^ 1,106,2 3.489,8 682,8 18,942.0 3,349.0 4,442,8 78-1,0 2,056,4 229,0 25,289,0 4,971.0 44,677.0 14,279.0 1,198,4 284,4 23,636,7 4,348,2 9,438,0 3,230,0 9,088,0 1,648,0 3,035,6 617,8 38,390,8 7,104,3 2,966,8 563,9 3,297,0 410,0 3,124,2 703,6 3,739,1 613,9 36,638,8 10,292,6 9,098,6 3,222.2 2,270,1 231.8 2.919,3 404,2 11.691,2 1,967,0 6.481,9 1.887,1 2,096,0 600,7 7.616.7 1,261,0 2,669,0 365,0 18,281,0 2,798,0 34,153,6 7.987,0 4,128,0 414.0 6,713,5 1,266,4 3,978,0 616,9 6,083,4 610,3 4,312,0 779,7 2,793.6 704,0 Re- Deposit* t I eleventh Ward.... 'ourteenth Btreet. ImporU. Exports, furnish a Leg. T. Deposit, with Net JcB'k. CUar'cj other Deposit* Notes Agent. liksJcc 100,0 300,0 100,0 100,0 200,0 200,0 260,0 200,U 100,0 100,0 100,0 100,0 200,0 100,0 200,0 100,0 100.0 200,0 Invest- Specie ments. Borough 0} Uanhatlan, $22,940 All other ooantrleB. New York tlie «iw yoBK CITT. West Indies Mexico Boatb America we i plus. Germany Total Sur- Loans tr (OOs omitted.) 1. Great Britain France Manhattan is for the ending Jan. 12, ba.sed on averages of the daily result. omit two ciphers (00) nail canes. BANES. Since J an. Week. 1. following non-member banks •veek ImportB. Since Jan. Member Banks.—The itatetnent of condition of the Gold Week. 12L &. V^ hite BANKERS, 6.. ... INVESTMENT Members New York Stock Bxcbange, No. I NASSAU STREET, NE.1V SECURITJE^S. TOBK. DIVIDENDS. Name Per of Oompany, When Oenl Payablt Railroads (Steam). Maine, pref Buff. Roch. <&Pltt8., com.... '• " " pref Ohio. Burl. & Qulnoy (quar.) Ohio. St. P. Minn. & O., com.... " •' pref.... Illinois Central K. C. 8t. L. & Chic, pf gu. (qu.) La. & Mo. River, pref., guar N. Y. Chic. & St. L., Ist pref.... •• , " Zdpref •' '• m 6 Street Rallivay8. <fe West Lorain & Cleveland Ry. (quar ). Charles St. RR.. N. O. (qu.).. Twin City Rapid Transit, com.. United Tract., AlbaDy,N.Y.(qu.). St. Feb. 3»a Feb. Mar. lifl Fob. 3»s Feb. 6 iMar. % ^ Jan. 15. to Feb. 17 Feb. 1 Feb. Jan. 26 to Feb. Feb. Feb. 26 to to Jan. 31 Feb. 1 Hamilton. Brooklj n (quar.) 2 3 itliBcellaneoas. $2 $4 " Jan. Feb. Feb. Feb. Feb. Feb. 1 Jan. 1 to Jan. 27 1 Holders of reo. Jan. 30 Holders of reo Jan. 31 Feb. 15 to Jan. 26 Feb. 1 to Jan. 26 Feb. 1 to Jan. 18 pref 2 Amer. Tin Plate, com., (quar.).. Coneolldatlon Coal 2 £dlson Elec. 111., Boston (qu.) 2 " ' to 1 Jan. 18 (extra) to 50o. Jau.21t Jan. 22 Electric Co. of America to Federal Steel, com 5 Feb. 20 'Jan, 29 2ifi Feb. 1 'Jan. 22 to Henderson Bridge 11- Feb. to 1 Jan. 22 Internat. Steam Pump, pf. (qu.) 2»2 Jan. 14 Jan. to 8 Louisville (Ky.) Gas ii^Feb. 1 Jan. 26 to Munio. Gas, Albany, N. Y. (qu.), 1 If Feb. to 1 'Jan. 25 National Salt, com. (quar.) " " l^(Feb. 1 Jan. 25 to pref. (qua--.) Feb. 1,5 Tube. com. (quar.) Jan. 30 to National 1 to Procter & Gamble, com. (quar ) 3 Feb. 15 Feb. 11 Jan. 18 Feb. to 3 Rochester Gas & Elec. pref Southern N. E. Telep. (quar.)... Jan 151 Susquelianna Iron & Steel (qu ).. Jan.25t Holders of reo - Jan.24* Jan. 24- Feb. 10 Jan. 23 ITassau, Brooklyn " rec, reo. Jan. Jan. IM Jan. m. Feb. II4 Feb. Banks. German American Trust Companies. American Glue, com Holders of Holders of Mar. 2 Cleve. Elyrla Mar. II. . Feb. JaiL Feb. Feb. Feb. Jan. Feb. Jan. Jan. Feb. Feb. Jan. Demand. Sixty days. 18. Prime bankers' sterling bUls on London. 4 84 ^4 84ifl Prime commercial .................. 4 83 ®4 8314 4 82>«'a4 8314 Documentary commercial........... Feb. 19 to Holders of reo. Feb. 6 Feb. 6 Holders of reo. Mar. 3 to Feb. 8 Feb. 10 to Feb. 6 Feb. 10 to Feb. 6 Feb. 22 to 2 Feb. Feb. Feb. 3 January Boolet closed. (Days inclusive.) Feb. 16 Mar. 3 2 3 LXi [Vol. grain for payment, 4 83(ai4 83^^; cotton for payment, 4 82i^ @4 823;^; cotton for acceptance, 4 83(g4 83^. Posted rates of leading bankers follow: ^nzztU. ^atxfejers' & : THE CHRONICLK 122 BoBton — ; . 1 31 7 1 1 13 1 31 31 17 15 31 518i8®5 Paris bankers' (francs) Amsterdam (guilders) bankers. 40ii«®40ie 5 1588ai6* 40Bia®4038 94lli6'a>94^ 9514 '9 955,8 .. . Frankfort or firemen (reichmarks) b'kers Less lis. 4 88 17ia- of domestic exchange on at the under-mentioned cities to-day: Savannah, buying 14 discount, selling par; Charleston, buying par; New Orleans, bank, par ; commerselling 1^ premium cial, 25c. @50c. discount; Chicago, par; St. Louis, 15c. per $1,000 discount; San Francisco, 15c. per $100 premium. The following were the rates New York ; United States Bonfls.—Sales of Government bonds at the board are limited to $10,000 2s, coup., at 105i^; $5,000 4s, 138i^, and coup., 1907, at 1141^; $1,000 4s, coup., 1925, at $1,000 3s, coup., at 110>^. The following are the daily closing quotations; for yearly range see seventh page follovnng. 28,1930 28. 1930 38,1918 38,1918 3s, 1918, 3s, 1918, 4s, 1907 Interest Jan. Jan. Jan. Jan. Jan. Jan, Periods. 12. 14. 15. 16. 17, 18. reg. Q. -Jan *105% *105%1*105% *105i4 10514 lOSH coup.jQ. -Jan. *105% *]05J^i*1058B *105i4 105 14 *J05i4 reg. lo. -Feb. *109»fi 10913*10912 •IO912 '109 12 109i« '110 110 llOifl 110 110 oonp.lQ. -Feb. *110 small. reg. IQ. -Feb. '110 *110 *110 *110 110 smalL.o'p. Q- - Feb. *110 *113l3 *113i« *113J« *114 '114 reg. Q. - Jan. *114 *113l2 1141* 1131* *114 ,'114 coup. Q,. - Jan. *114 reg. Q. -Feb. *137i5 *137ifl 'x36ia *136i« *136is *136»9 coup.lQ. -Feb. 1381a *137^-137i« *137i2 •1371* 137ifl reg.Q. -Feb. -112 *H2 |*xlO% *110i« •IIOI3 llOifl *112 1*112 *111% '111% 111>^ coup. IQ. - Feb. *112 4s, 1907 48,1925 4s, 1925 5s, 1904 5s. 1904 ' This is the price bid at the morning board; no sale was made. State and Railroad Bonds.— Sales of State bonds at the Board include $24,500 Alabama class A at 108 to 1083^, $17,000 Jan- 15 Tennessee settlement 3s at 96 to 963^ and $15,000 Virginia * Transfer books not to be closed, t Correction. fund, debt 2-3s at 963^ to 96%. There has been a tendency to weakness in some issues of WALL. STREET, FRIDAY, JAN. 18, 1901.-5 P. M. The Money Market and Financial Situation. Prevailing railway bonds, but the market as a whole has been relaThe volume of business averaged nearly conditions at tbe Stock Exchange have been more nearly tively steady. normal this week than for some time past. The urgent de- $3,000,000 par value per day and was well distributed. mand for shares which was a prominent feature of late Stock and Bond Sales.—The following shows the volume seems to have been satisfied for the moment at least, and of business in stocks and bonds on the New York Stook Exthere is a more general inclination to sell. The result is a change for the past week and since Jan. 1 raodification of recent high quotations in many cases and an Jan. 1 to Jan. 18.—* Sales at ^Weekend. Jan. 18.-. increasing tendency to conservatism on the part of invest- IT. Y. Stock Exch. 1900. 1901. 18C0. 1901. — . Oovemment bonds ors. 817.000 77.500 Statebonds |213,450 257,500 1216,209 131,200 1562.700 149,700 There was no diminution of commercial activity during RB. and mtso. bonds.... 15,317,300 12,482,600 47,667,800 27,160,800 the first weeks of the year, if such activity is correctly regI12.t'20,000 116.311,800 148,138,750 187,662,600 Total istered in railway earnings. The Wabash system reports Stocks— No. sharei 6,854,995 1,676,115 20,616,985 6,900,907 1663,216,200 1160,393,975 fl,963,446.850 1662,030.237 an increase for the second week in January of over $43,000 BankParyalue «2,800 $8,750 (52,350 119,260 sbares, par Yslne. and fct. Paul an increase of nearly $76,000 for the same We add the following record of the daily transactions: period. A small consignment of gold, exact amount $1,646,924, was shipped to Paris on Thursday, but it does not seem likely that the current movement will be a large one, especially in view of the Bank of England's more favorable weekly statement issued yesterday. The local money market is easier on more liberal offerings and the tendency of rates is towards a lower level. The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have ranged from 2 to 5 per cent. To-day's rates on call were 2 to 3 per cent. Prime commercial paper 8% to 43^^ per cent. yfeek ending Jan. 18, 1901. Saturday.. Monday Tuesday Wednesday Thursday Friday Total. The sales ' Stocks. Shares. Par value. |94,8P0,600 114.158,700 1,003.605 1,188,683 1,127,792 1,247,808 1 ,0*5,763 .1,241,345 121.526,800 103,334,200 130,363,500 6,854,995 1663,216,200 10H,fl42,700 Railroad, <Sc. State Bonds, Bonds. 11.503.500 2,74H,500 3,263,000 3.882,500 2.984.30O 1,886,500 »l.'i,217,300 -Boston.- Monday ti.ooo ?39,00() 5,000 e.coo 7.noo 20,500 177,500 i.()(56 i8,bo6 117,000 on the Boston and Philadelphia Exchanges were: Listed Unlisted shares. shares. Saturday U.B, Bonds. 22,708 27.263 27.918 44,091 23,612 26,444 7,604 13.264 16.100 7,017 9,833 10,291 Bond Philadelphia.' Listed Vyilisted Bond sales. shares, 134,500 69,640 54,884 76.168 84,355 79,660 88.728 82,439 17,498 42,060 27,207 33,860 shares, 7.93B 14,865 34,859 13.^01 5,265 8,593 sales. 1183.000 278,100 206,900 208.970 263.600 173,750 The Bank of England weekly statement on Thursday Tuesday Wednesday showed an increase in bullion of £1,554,988 and the percent- Thursday 33"91 age of reserve to liabilities was 38-90, against last week; 8^1day» the discount rate remains unchanged at 5 per cent. The 172,029 63,699 398,697 181.712 85,323 1,254,820 Total Bank of France shows a decrease of 235,000 francs in and Miscelianeoas Railroad Stocks.— As noted above, gold and 3,375,000 francs in silver. been less urgent demand for stocks this week, a has there The New York City Clearing-House banks, in their statement of Jan, 18 showed an increase in the reserve held of especially for railway shares. The volume of business was large, however, transactions averaging nearly 1,200,000' $11,648,500, and a surplus over the required reserve of shares per day. The market was decidedly irregular, fluc$32,398,050, against $14,150,075 the previous week. tuations were wide in many cases, and there was a general 1901. Jan. 12. IHfferen'sfr'm Prev. week. tendency to weakness. A long list of active stocks declined from 2 to 6 points, including some of the grangers, coal stocks, trunk line and local traction issues. Burlington & Quincy was a strong feature on the announcement that its 69,422,700 88,072,700 80,980,200 76,407,900 stockholders had been offered an important stock subscrip1900. Jan. 13. Capital 74,222,700 SorpluB .... ...... 92,257.500 Loans AdlBC'nts. 808,032,400 Ino 4.042,800 676,238,100 Ciiculatlon 30,970.900 Deo. 11.600 16,316,400 Net deposits 885,336.200j Ino. 14386100 749,287,400 Specie 173,157,500 Ino. 8,133,700 146,266,100 Legal tenders 70,574.600 Inc.3,514,800 58,763,100 Reserve held 243,732,100 Ino. 11648500 204,029,200 L«gal reserve 221,334,0501 Ino. 3,596,525 187,321,860 Surplus reserve 22 398.050' Inc. 8,051. 975 16,707,350 1899. Jan. 14. 716.846,000 15,608.100 835,805,700 178.184,600 59,O29,C0O 237,214,500 208,951,425 28.263,075 tion privilege. Central of New Jersey, Cleveland Cincinnati Chicago & St. Louis, Chicago Great Western and some of the Southwestern stocks were relatively strong. Manhattan Elevated advanced about 4J^ points on rumors of a lease to the Metropolitan Company and lost more than the gain when the rumor was oflBcially declared to be without foundation. St. Paul dropped over 15 points below the highest quotation rf corded last week and Delaware & Hudson sold 11 points below last week's closing price. The miscellaneous list was more conspicuous than of late. XOTB.—Betums of separate hanks appear on page 121. Foreign Excbange. The market for foreign exchange was easy during the middle of the week on a more liberal sup- The iron and steel issues were weak on liberal offerings, ply of bills and a moderate demand, but is firmer at the stimulated by disappointment in the matter of dividends close. and rumors of a contemplated bond issue by the Federal To-day's actual rates of exchange were as follows: Bank- Steel Company. American Sugar Refining was irregular, ers' sixty days' sterling, 4 83i^@4 833^;'demand, 4 871^(0)4 8 '7U2. _ closing with a net loss of about 4 points, and Western cables, 4 88(ai4 88}^; prime commercial, sixty days, 4 83@ Union Telegraph was weak. American Smelting & Refin4 833^; documentary commercial, sixty days, 4 833^(^4 831^ ing was exceptional in a net advance of 2}4 points. — , . .. ., .. . , . .. 19, 1901.] Smturday, Jan. 12. •8a« 8S B7 47 9m 8m 84M ifondav> /an. 14. Tue$day, Jan. 15. •28 •87 •82 •56 130 •91 91K e9« 58X 191 91 67« S8M •lam 124 8«l« 130 168 86% 91% 88% 84% •83 •120 •92 48M 43« 60M 164 ae 61 44 86 1B69< 1495i 173 178 174 43 128 8M 48 ie9V( 8 88% 56 44% 46% 84% 86% 91% 99 X 86% 88% 83 •83 181 89 67 88 85 180 89 80 66 44 88 ll« 1C4% 155 164% 40M 8fc% 40% 88% 76% 74% 14«% 14S% •94% 96 18t% 128 •130 17% 18% 17% •91% 92 91% 78% 79% •77% 44% 45% 46% 86% 85% •35 80% 60% 69% 149% 156% 149% •180 128 44% 26 26 92)4 86 60% 60% 152M 14B% 161% 19U •189 191 190 174 9174% 174% 173 189 190 178 ». 197 8\H. 837i 84 83 IBM 80 •19 189^ 43H •80M 83 88k 68 AnnDoArbor 79 81 7% S 38 70 78 7954 8 88 68 •43 •81 190X 19(9^ 195 m 44 44 •7% 7% 7% 42% 77% 78J4 OlOT. Cln. Ohio. •88 •68 7 29 70 Do »Tt 80 43U 1116^ UBM 860 79 6 •86 •43 113 •380 •18 20 69 104 719i( •4 5 •4 6 15 18% 18% •18% 3C% 39 3t% 66% 68% 65% 87% 44 46% 43 46H 48% •43% "83' •48 43% 89 '4 •80% 83 118% 16% •81 83 194% 196 197 44% 46% 48% 73 71 78% 71 182^ 180% 181% ISl 24 84 S3% 3*94 60% 60% 60% •60 6 80 24 88 14% 14% S8 88% 6 123 •43 19X 48 4944 84M 87Hi 47« 4a^ 193 1U2 U6%1VH A Wheeling.. prof. A Bonthern Olor. Lorain Do 48 •18 30 •4 6 •is« •18 ilO 16 6 88fi •108 63 83 109 839i 63M 108 63 83 45 \iH •19% 81 64 •53 66 16% 16% 47% 48% 84% 88 47 195 142% 144 47 •193 195 145% 23% 38% 88% •106 108 64 63 «•«••• •310 44% 72 86 88 14% 14% 88% 38% •6% 6 BhoreAAtl • 17 17 Den.O.,itamped FLW.A Worth A Bio Grande, reat Northern, pref. . r'nB.AW.,deb ofi. "A" Deb. otfi. "B" 108 63 8S% 36W 46 1 6% S3H 8t 83H 85^ 87M 88 14k 4 •19 •50 84% 83% 45% 46% 46 83% 84!4 •82% 88 84% 83% 88% 87% 88% 21 66 16% 16% 47 48% 84 88 47 •46 14% 37% i43% uiii 93k 88 •106 108 36 •6% 6 68% 54% •108 §69 •iO« 107 21 67 83i« 82 85 86% 86% Do pref. Kanawha A Mlohlgan... an.01ty So. i ot. tr.otfi. Do pref., ToL tr. ctfi. Keoknk A Dei Molnei. .... Do pref Lake Brie A Weitem. Do , , pref. Lake Bh. A Mloh. Bonth. Long Iiland. , . , , , 48 163H 28 80 69 108 46 •193 45 196 etropoUtan Street Mat. Wait Bide BQ. (Ohio.) Mlohlgan Central Mlnneapolli A Bt. Lonli.. , Do Minn. St. P. A B. praf. B. M!arle. 106 64 105 49 137 814 •135 •811 137 814 •83 83 pref. pref. MoblleA Ohio..... MorrliA Biiex 140% 141% Central A Hndion.. 18% 19k T.Ohio. A BLLoatji... NT. 10fc% Do Do 61k lit pref 8d pref NewTorkA Harlem N T.Laok. A Weitem..., N. T. New HaTon A Hart 39% 31% N. T. Ontario A Weitem.. 43% 44% Norfolk A Weitem •••••• •••••• 31% 33% 44% 45% 83 79% 83% 86 88k 83% 88% 86% 90 Do pref. Nor.Pao. Br.. toC tr.otfi. Do pref. 81J4 z69 •91 96 67% 68 z66 69 •57% 69 \HH •91 •86 94 88 149% 160% 66 14F% 150 18 •84 16)4 18 16 86 131 31 36 38 74% •70 76 90 86 •85>4 16% 18 74 •69% PI •87 86 46 43 * 46 •87 83 89 78% 74% 46>4 Bid and asked prices Idmor Oon 5s ATa—Stock, 6i 1904... JAD 5s 1914.... JAJ 7th ; 89 1« 880 110 1st 5s gn. 1924 1116 Dstnt as rental. 1905 1108% atral Orosstown— Stock llflk 60 89 •85% 84% 73% Ask. 87 103 835 1108% 108% 1943— Sm Stock Bxcbl •'way Bnrr 18 38 74% 83% 73 70% 43% 45 43% no sa'es were made atreet Rallwaya. Bid. NBW TOBK CITY. aiMOk Bt A Fnl F—Stock. 85 Iftmort 4i 1960... JAJ 100 lltmor •91 •86 147 94 16 •36 •78 •65 OUTSIDE SECURITIES 'way A 68% 147% 149% 147% 149 69% 69% •68% 5PH 33% 85% 7ii% 73% 57% 67% •91 •66 iia 1st. 118 108% 966 •.ltM8s 1988 MAN {136 130 Cea Pk N A B BIT—Stock 800 903 ionsol7s 1808 JAD 104% 106% 67 on 67% 149 18k 88 •78 87 76 •65 80% •85% 89 34% 78 44 57 94 48 43 t 146% 88 88 68 91 68 17 40 74H 60% 89% 31« 69% 7014 40% 41M 39% 70% 71% 81 this day. Do •66 91 •68 145 •18 •37 •70 •65 lB%0«t 14 88 17 Apr 19 Apr 16 Deo 187 Apr 88%Deo 3« 61 Dec Ueo Ifc 99%Keb 13 30%Mar 59 Not May 103 Dee H4%Mar 8e%Ma9 46kDec 70 Jan 85 Feb 94 Not 97 Jan 36%N0T aSMMay 8l%Dee 85 135 18 69 61kl>sc 18 93 Feb 36 160%Deo 42%Des 1 31 42 Dec 1 78k Oec 19 Deo 28 114%Dec I49%reb Mar 37 59%Jan lOOkSap Aag 15 11 2%J an 18 I>eo 28 10%Deo 9tkDec 18 83 Dao 103%Avc 83 Deo 17 60%Jan 86%Aac 45 Deo 38 38 J'ne 44SBep 89 Apr 16 7%Jan 19 Not 64 Deo 14 81 Jan 68%NoT 148kUeo 31 118 Dec I3e%8ep 144 109 135 4 165 Dec 179 Bep 141kJan 173 Sep 188 Jan 310%8ep 100 Deo laa^Jab 91 Feb ia6%Bep 170 Jan IS6 Bep 7%Jan 85%Mai 8l%Deo 56%Mar 43%Jan 64%N0T 94 May 10b Oe« 9 J'ly 18% Jan 37kJ'ne 49%Dea 8%Jan 4%Sep 35 Deo 6d%Mar 18% Dec 35 Mar 106%Jan 135% Apr 157 Jan 194%Oot 15%Dec 3i%Apr Dec 13% Deo 3 Apr 60 63 7%Jan Apr 8 3% Jan Not 17%NoT 8 Dec :8%Jan 87%Deo 15%Deo 36 Mar 83%J«D 10 70 Jan 48 Jan 46%NoT 98% Sep 85 30 142kJan 195 14 Atu 14 Feb 49%Jan S May 82 Jiy Jan Mar Mar 61%Jaa 9%Oot 87%0ep 86%Sep 53%Dec 105%Dec 1?3 Jaa lOkMar 15% Aug 40 Dec 62%Aag 7%Jan 16 Mar 8 15 5%7eb May Mar 33%Ang 14%J'ne Jan 84 Dee 85 De« 198%Jan 308 Jan 89 May 5 45 Dec 85 Apt 89HDeo 31 63 Mar 88%Oot 60 13 3% Apr Deo 269 Mar 13%Ang a9%N0T 44%Ma7 83 Not 17%Apr 6 Jan 85kDeo 147 1 110 6%Bep Jan Oct 118 Jao 36%Jan 73kJan 8% J an 39 Feb 9%Dec 38%Dec 33 38 178 130 Aug 99%N0T 37%May 73 May 78 14%Jan 46%Anc Deo 6 8% Apt Jan 63 Ang Jan 1187 Not Deo 144MMar ll%Dec Mar l»%Jaa 66 39 86 17%Mar 81%Jan 48%Jan 88%ABfl Got Dec 41 Jas 1360 Jan 1890 Mar 139%Jan ilSBMMh 1198 Jan 1883 Apr 18%Jan 88%MAr 68 88 Or.Ba.AN.Co.TOt.tr.ofi. 61 •93 Higkttt. May 48%00t May 60KJan 68%Aac 48%J'ne 61%Apf 67%J'ne 86%N0T 89%l>eo 31 89%Apr 22 35 116%Ueo 26 60,111 143%Sep 26 182 Feb 13 100 84%Jan 29 37%Apr 6 130 76 Feb 37 84%Not31 8,900 10%Jan 8 17HDec 87 3,800 6 Mar 17 8%Sep 26 1104 Jan 22 116 J'ne 8 8,9(j0 45%J'ne 18 71%Deo 38 4,475 87kJ'Ee 18 104kNoT 10 100 14 Sep 30 27 Apr 34 300 47 Not 1 89 Apr 24 11,370 9 Sep 19 17%Dec 27 96,820 85%8ep 23 47 k Deo 36 131,076 38%Jan 11 72kDeo 28 1,077 35 J'ne 26 49 Dec 31 100 li83%JaDlu il89%May 4 40,163 135%J'ne25 14:HDeo 89 5,920 11 J'ne 30 24%Dec 86 1,120 76 J'ne 29 110 Deo 19 6,870 39 J'ne 20 58kDeo 19 1400 May 16 1420 Jly 13 14 1130 Jan 18 1135 Mar 10 61 l807%Sep 2U 131 5% Jan 3 848,170 ISkJ'ne 30 S9kDec 27 69,300 82%Jan 10 4ShDto 37 1,050 87 Jan 8 83 Deo 97 318,114 45HSep 89 86k Dec 81 17,389 87 Sep 87 91% Dec 80 . . 63 Do 15% 16k Mo. Kaniai A Tezai 44% 47 Do 84% 86 Mliionri Paolfle., 18% 33% 83 83 lllnoli Central... I -1-owa Central •60 16% •••••• 31% 33% 4<% 45H 83% 84% pref. 47% J an 88% LoaliTllleA Naihrllle. 65.714 68% Sep 117k Manhattan HleT.,ooniol 426,005 84 J'ne •18% 90 47 195 140% 143 49% 6 24 43 119 360 70 Yaller Do pref. 13% 13% Mezloan Central. 3% 3% Mexican Nat'l tr. reoti... 84% 86% 108 14% 87% 14 •48 •198 33% 45% 82% 88% •34% 26k 3% 8% 69% 69% •19 •63 16 47 49 49 60 as 18% 14 •135 •136% 137% 1134% 184% •310 214 1313 813 •aVo" 814' •810 38 73 •22 84 42% 43% 43 109 l\V 111 111 860 •330 260 •230 •67 •67 70 70 88 88% 90 88% 87% 114% 119 138% 116% 131 161 166 167% 168% 186 •35 •25 •86 33 89 •78 •78 •78 79 80 14 4 GJ . 48% 43k Hooking 7t% 70 Do 44k •88 86 •••••« •••••• 814 •6% Dodge. rt. . •80% 83 U6% 16% 60 85 14 87 , 37 183% 180% 131% 180 ISOh 84 33 83% 83% 23k 61 . Do pref. 88% 61% ei% Erie. Do lit praf 40% 41% Do 8d pref. 42 4^ raniT. A Terre Haate •80% 83 Do pref. t I • • • 3U% 64% 68% 43 48% •43 43% 43 71 A Dei Molnei DnI. So. 88 89% 70% 69% 89% 107% 107% 107% 107% 107 107 16% 16% 47% 48% 83% 86% 47 47% •1H2 144 . prof. Colorado 196% 190% 193% zl89 189 •83 43 1112% 112% 111 •830 860 •230 •68 •67 78 «9« 70% 64 16M 18H 194 7« 45% 45 112 2S0 67 73 89% 90 106 110 88 •19 at. L.. 17 •18% 20 Deo 97 Deo 87 48V Ueo 86 187:T,Dec 29 4,180 160kJ'ne 25 178J4Deo 31 450 196%Ma7 9 220 Ueo 29 78,342 108 J'ne as laa^Deo 88 400 110 Got i> 126 Not 17 178 Feb 8 175 Mar 3 "546 8%Oot 18 14% Deo 30 1,160 a8%Oot 18 39%Apr 87 16,654 55 J'ne 19 76 Deo 31 SOU 103%J'ne 1 118 Deo 80 800 14%Jan 10 30 Not 16 100 48 Jan 2 72 Apr 19 2,800 EHDec 17 5 Sep 25 1,320 86 Sep 32 4?%Mar 87 1,200 14 Sep 24 20kMar 21 89,060 loekSep 20 134kDeo 31 8,447 I71%8ep 19 194%Deo 29 9,636 16%Jan 10 34kDeo 38 2,945 64%J'ne 18 87 Deo 81 800 13 J'ne 30 21 Deo 81 a • • • • a 8kMar S 4 J'ne 12 100 18 J'ly 6 30%NoT 9 367,000 10%3ep 26 27% Ueo 80 286,763 So^Sep 22 eSkDeo 31 80,700 16 Sep 34 43kDeo 81 100 38%Oot 9 54%Mar 16 ea • 74 Oct 9 94%Apr 19 169 14%Apr 4 30 Deo 31 • a • • • • 15 J'ne 1 37k Deo 14 6,689 144%J'ne 82 19!kDea 31 63%Mar 7 66 Deo 31 16 fc%Deo 6 5kSep 84 11,790 30%Jan 10 42%Deo 17 6,435 68 Jan 8 749* Deo 17 9,039 110 J'ne 25 132«(D30 31 8,175 ll%Jan 12 a7HI)eo 31 1,305 39 Sap 37 68 Mar 30 8,735 10 Jan 8 25 Deo 18 1,700 7 Sep 10 17%Apr 19 8,810 37%Sep 10 43%Apr 3 350 3%Ma7 84 8 Deo 88 80 14%0ct 19 83 Deo 30 1,000 80%Mar 16 63 Dio 19 580 83% Feb 2 116 Deo 18 II 9-7 J an 3 1240 Deo 31 . 88% 89% 117m26H 118% 181% 119 1S1% leSM 178M 187% 169« 166% 168% •26 •86 28 88 28 29 •78 •78 79% 79M 15 IB 14% 14% UH 15»«i •4 4 4 4% *H 4J« vou A > 81 Lowett. 59 . 7% out year (1899). 35 18 Sep 18 40%J']7 84 I 29 70 Range for Highett. . 43 41% 42 Do lit pref. do 16% 17 16H len Do 8d pref. do 168 168% 148% 151H Delaware A Hadion 165 196 196 193 193% 194% 194% 190k 193 197 el. Lack. A Weitem. 33% 31% 32% 30% 31% 81% 31% 30% 31k Denrer A Bio Orande. 88% •83 88% 82% 83 83% 88% 80% 83 Do pref. 78H 71% 183 133% 131% 84^ ii*H 84% 60% 50H 61 23% 83 as 88 14% im 14% 39 •iS>< 88 88M 88 •8 78 •830 •68 90 16 pref. . 77% 79 •86 •68 28 68 Loweit. . t. •86 •48 Sharet 48% 44% Atoh. Topaka & Banta Fe. 109,848 18%Jan 8 8S 88,296 68kJan 11 84k Do praf 87% 89 Balt.*Ohlo,TOt.tr.oertfi. 114,396 65%Jan 8 81% 86 9,376 72%Jan 9 Do pr«f. 78% 81% Brooklrn Bapid Trantlt. 808,012 47%8ep 35 83 84 88 100 68 Feb 37 BaSalo Booh. * PltUboTK 192 130 1183 pr«f. 98 Jan 18 Do m% 88% CCanadian Paolfle 90 1,010 S4M8ep 26 8,500 47%Feb 87 67% 68% 67% ^'anada Boathem 103 Capital Traction 91%Feb 26 3,040 115 Jan 6 166% 183% Central of NewJarMT.... 8t% 38 88% Cbeaapeaka A Ohio. .,,.... 33,060 84 J'ne 85 39 37% 88% Chicago & Alton 8^,870 31 Oct 3C 74% 73% 74M, 11,013 88%NoT 8 Do pief. 142 144 Chicago Barl. it Qalnor 146 160,614 119%Jan U 96 93% 93% Chicago A Baft, nilnoli... 1,000 88 Jan 81 133 800 119%Deo 28 Do pr«f. 18% 17M 18% Obloago Qreat Wsttem. 62,350 9%Sep %0 9f 98 91% Do 4p.c.<let>«ntiiTM. 81 J'ne 19 63< 79H iV7% 77% 22 Do 6 P.O. praf. "A".. 68%AnK 2,200 30 J'ne 33 46% •43% 46k Do 4p.o.pref."B".. 24 86 26 1,850 Ohifl. Indlanap. h LonliT.. 14 Jan 16 59% 69% 8,131 46%Jan 34 Do pref. 158H 146% 160% Chicago UUw. A St. Paul. 331,080 108%J'ne as 189% 189% 190 1,621 169%Jan 18 Do praf. 118% 118% 118% 118% •87 •88 for year 1900. On bans of ioo-ik're loU Week. 171% 171% 168% 170k Ohlcago A North Weit«rn. 216 Do praf. 183 124% 123% 195% 133% 119% 128% Chicago Bock III. A Pac. 137 OhlcTst. P. Minn. A Om.. 182 133 •131 135 140 134% 136 '180 •180 •184 187 180 185 190 190 Do praf. 10% ilH •10% 11% Ohio. Terminal Transfer.. IW 13% 11 11 83% 83% 38% 84% 84% 83% 88% 33 Do pref. 0% •18% 14% H'H 89% "iiii "iiii «SH 67M 64% 67% 45% 43% 4B>4 43 48M or the Eecord. Railroad Stocks. •30 •56 46% 84% 85H 87% 91% 86% 86 80% 84k •131 67% 43 42% 42% 48 17% 17% •leM 17% 17 166 188% 162% 166 162 43 32 •48 168 17% 18% 93 92% 78% 79% 44% 44% 188 81M 169!^ •80 166 Friday, Jan. 18. Jan. 17. 16, Range BcOet STOCKS. Y. STOCK EZOH. 316 ^17H 17M 166H Jan. 89% 40% 89 4CH 39 M 40% 88% 7S>4 76% 76% 74 145% 143% 144^ 143% 96 96 96 94% HH 8H Wednetday T/iurtday, •108 41 132M 186 137 137 •184 18 18M laM •13 36 86 •83M 78 81 77V< 78 Iisxiic^ 116 119 ii8 88 •133 85% 86 180 60« eik leox leoM 190 8ie« 195H 93% 8ew 89% 67% 67% •78M 80 •»0H 88 69 •108 168 16% 18M 1«« 17 86 68W 46% 46% 68 181 16SM 167K 166 41 4lli 40M 40 41V< 89X 7f« 75X 7<M 144 146^ 147 »BM »6Ji 95 1S4 25 4C« 85H 88H 92^ 86« ii« 8«X •bS •81 •1»0 123 i. BTOOKB-HIQBBST AND LOWBBl SALB PBIOBB. 87 . THE CHRONICLE -stock PRICES (2 pages) pAbE New York Stock Exchange— A Daily, Weekly and Yearly Jan. seN * . e7%AllC Deo 8l%Jan J'ne 68 68%J'na praf., TOt. tr. otfi. 74%A0C JaD 77M8ep 900 48 May 18 63 Not 80 88 May 64 Not Paolflo Ooait Co 90 ret 100 B9%Sep 80 eOkDeo 18 Do lit pref.,... 68%J'fy 8SMN0T 669 67 May 10 89kOot 15 Do ad pref ,..,. Jao 148 PenniyWanla 81,990 184%Sep 23 149k»eo 31 l83%Jan 7HN0T 4 May 775 Peoria A Baatem 5 J'tel9 18 Deo 8i *••• 490 30 Jan 99 35 Deo 80 ••••#• •••• Pera Marquette... Do 1,000 66kJan 81 73kl)ec 80 laaaai •••• ...... •••• >ref, Jaa 88 48 May 100 49943ep 39 80%Jan 8 Plttib. om. Ohio. A St. L. 80 Fab 100 Aifl 100 78 J'ne 95 94 Jan 8 Do pref. Dao 86 Jaa IP 39 98 Deo 15% 909,635 Sep rotlng 15 tr. otf Reading, 48kDeo e6%Apf lit praf., TOt. tr ctfi 75,494 49 Jan 9 71%Dec 31 8d praf.. Totlng tr otf p.. 54.886 83%8ep 34 39k Deo 31 38k Dao 38kMai . Less than 100 sharas. (Given at foot of Btreat Rallwaya. 1 . . 1st. 186 118 103 4C0 109 408 1st gold es 1933... JAD 1116 FAA 101 Scrip es 1914 Blghth ATonne—Stock. Bciipes 1914 43d A Gr St Fer—Stock. 43d St Man A St N Atb. 890 106 893 63 118 78 118 lstmort6s 1910. .MAS 8d Income 6i 1915. JAJ 98k 101 Lex AtA PaT F Ss-S«< Stk Hioh 1st. 198 806 Ninth ATonna— Stock . — oonsbcutivb Ask. 186 Bid. Chrlst'p'rAlOth Bt-Btook 176 ColA 9th Atb 6s-8s< Stock Bzoh 130 Dry D R B A Bat— Stock. 7 1 vkQ^%).S2REEl RAILWAYS, Jc Bid. Straat ttallTraya. Baoond ATenne— Stock. 193 1st mort 6s 1909.. MAN J107 . Consol. 6s, 1948.. .FAA 1118 Sixth ATenne Stock.. 800 Bon BoalaT Ss 1945.. JAJ *111 Bo Fer lit 5s 1919.. AAO no8 Third Arenne— £«« Stock Bxch Tarry 6i.l988 107 Tonkars St BB 6s 104% — . . W PAM A 89th SU 1st 5s. .'96 ;iia Twenty-Third St— Stock. 400 Dab Ss 1908 JAJ 108 Union By lit 6i '48.FAA 111 88th Ask. 301 115 ssa 1st 5s '43.. JAJ BBOOKLTN. 180 810 * Street RallTrays. Westcheat t lUt. 109 107 114 410 106 118% AUan. ATa.,5s 1909.AAO AAO Con 5s g 1931 Impt Ss— Sm Stock Bxo AW.B. 6s 1 983 AAO Brooklyn City—Stock ... Cons 5s— S#« 3to<* Bic BklynCrosstnSs 1 908. J AJ B. B. . BklnHgUlsl 5s 1941 AAO B'kynQ Co.A 8nb Sss Bt Bklyn Rap-Tran.- 3«« St. — . THE CHRONICLE-STOCK 124 nOOKS—HlQHBST AND L0WS8T SALE PRIOBB. taturday, Jan. 12 8M 08 •CO 1» S ' Monday, rueaday, Jan. 14 cT'an. •6^ •W2 8 81 21 2^ bO 80 88 SO 80 50H «3 78 .« »182 •••• 7i 39 125 .••••! 86^ 88 84^ 13H 13 S7M a8« 93 »*^ 61 8?» •61 81 80)4 80 06M 57« 83 83V( 50« 48H 8a»fi 2?9i 71*4 7a?< aeji 28)i .84 181 67« tt7H 85 88H 83T< ll« 26H 8m ISH 8754 12 12H 56 66)4 8S^ 56 15 88)4 IS 40 40 40 15 40 •145 152 145 90 163 29J< 91 9%M. 70 70?i •30 22^ 89 89 •80 37 175 •39H 40 •88 70 (169 6« ex 85 3f •38 5 87 «0M 97H 2SH 29h 61 97J1 76 40 87 76 43>4 87H 188^ 139H •il8 •03 60 119 96 63^ 90H 90 ll4mi5H 1140 29^ 4H 97 39 76 38 PIH 87 S5H 4?4 87 64 98)4 30H 7654 41)4 iU7^ 117M tm 90 115 19M 47 47 180 n77 189i •46 '177 10 62% 59 •180 183 194 193 44 4SH 50 181 15 193 43H 98 65« 9 117)^ 19)1 lOH 76M 76H 48M ee 197 'a8« asx 78H 73 58Vt 57 •78)4 88 77 9 » 75 7 87 43 4294 20)4 21 71^ 73H S6>4 87)4 laiH 23 88 e4V< 83)4 92)4 17)4 87 44 48)4 •98 41X 9SW 8S 99 58)4 IOC •35 40 80)4 7 •40)4 81H 89)4 48 104 445d 80 78)4 199M800 16H 16X 81?, 61)t •84 65 83 68 31 •87)4 i\ 494 65)4 20 16 71W •68 13 76 869i 67 16 39% 15 40 94 17 87 46 76 48 6y 849i 18194 819< 8394 2eH 12)4 5494 3894 55)4 18)4 ^9)» 2894 15H 38)4 16h 39 28 15)4 39 * Q. III. 43)4Jan 27 80 Jan 16 6 May 84 38)4May 26 1194J'ne 26 894J'De 25 61 Sep 35 31)4J'ne23 894J'Ke 20 21%J'Ee23 3094J ne 18 1094J'ne 36 49)4Jne 25 80 Dec 11 93)4Deo 12 8%Dec 6 394J'ne 64)4Deo 17 ai)4Dec 6 38%May 34)4 Dec 86 78 Dec 2C 8% Dec 55 Dec 18)tDec 45)4D€C 459iDeJ 339»Dec 73)4Deo 8e94Dec 9 84 30 27 37 86 96 33 80J4NOT 7%l>ea 65 Jan 18 J'ne Oct i4%Feb Mar 7S)4Jan 38)4Deo 694 J an 17 Jan 87 10 Not 44 86)4Jan 66 Jan 44%Jan 18)4Ani 4094Aafl May 44)4N0T May 14)40<Jt 40%Jan • ^ 88 V« 14% 39 J. [Vol. LXXII. 2. 5894N0T 13)4J'ne2S 3 12)4Dec 2S94MaT 46)4Mar 2 135%Jan 3 11 794 Dec 342 Feb Pwln City Hapld Transit. 1,4SU eiHJ'ly 73 Api 5 70)4Deo 17 38 Jan Do IC 136 Jan 2 148 Dec 7 118 Jan 141 Feb pref. Tnlon Paclflo By 394,036 4496Jau 10 8:94Dec 3i 38)6J'ne 51%I>M Do 36,401 70)4J'ne 23 859*Dee 31 ...pref. 68)4 Dec 84% Jan ^X/abaah 8,300 6)4Mar 16 14 Deo 11 8%Jan 6)4 Dee ''» Do pref. 40,400 16 SeD 20 87 Deo 14 19 May VheellngiL. H., new... 13,080 8 J'ne 18 ISXDiC 31 13 Aug 7%Dec Oo 1,766 44)4Sep 32 58%Apr 2 Ittpref. 45 Deo 64 Jan Do 8,703 2194J'ne 18 33)4Mar 26 8d pref. 31)4Deo 32%8ep Wlioon. Central, new 8,71U 10 Sep 26 2094Mar 31 l3%May 81 Not Do 4,050 30 Sep 24 67 Apr 2 pref. 45 Dec 59 Aofl 8394 83>4 ll)i 16196 t. Page Salts Range for year 1900. Range for prt' of the On baaitof loo-th're lots vxout year (1899) Week. Shares LoweMt. Highett. Lovoett. Highest. Do > ' 669< 18H 143 •70 78 46 180 17H 46 47)4 10 45>4 91 95 47 01 70)4 74% 188% 189 48 67 48 7694 16 17)4 8% 87 87 76 18 76 18 70 98 18 76 100 16 37)4 89)4 92)4 93% 17 17 •88)4 4394 87 41)1 919i 93 58 99 98H 35 40 160 153 21 20)4 7 8 43 41 41)4 10194 103)4 80 7994 199)4 199)4 14)4 13 60 80)4 81)4 6lH 199 76 43 102 43 >t 80 800 79% 79)4 199 199 1496 1496 60 19 e5^ 22)4 •64)4 65)4 •3') 23 68 •67)6 *H 6 6594 81 16)4 71 58 4)6 63 65)4 19 21 •15)4 71 16)4 71 157)4 12)6 73 7494 71 67)4 13)4 7494 81 21% 81)4 21% UH 19)4 aix 6094 63 I3>5 SO 8B9i 99 43 69 1596 12% 41 8091 8 4394 15)4 71 68 76 163 20 61 54 13)4 S?^ 90 41 163 99 35 14)4 •4>4 54 74% 75 •7 ... 67)4 68 e 4694 69% •61)4 88)4 33 68 76X 80)4 101)4 10294 43 44)4 44 80 58)4 13)4 40 160 12% 61)4 135 137 85)4 85« 60 6094 137)4 137)4 84 86)4 Bid and asked prices ; no sales on this day. OUTSIDE SECURITIES Bid Atrcat Etallvrtty*. Ooney Island A BrookiTn. 386 JAJ 103 lit 5s 1908 103 114% lis' 104 IC8 er.et.iN9w lst5s'06FAA A Lorlmer St. lat 6s. Clngs Co. KleTated.— 9'9't 1949— S«« Stock Bxch. 76 liO AAO 5 list. 80 114 118% . . § 4m 1 1 O . . . . , . , Less than 100 shares. t Bx 1 9 p. c. stook dl t. i Bx lights. (Given at foot of 7 oonsboutive PAQm).—iS7 RBSJ Bireec RallTvay. Bid. OTHBR Preferred Railway. Ry- Con St.— See P Street Ask. CITIBS. Bid. hlla. A.sk. list. RAILWAYS, VIlnneaD St Ry-6s 19.J AJ CroBSt'wn— 1st 5s....... 1112% 114 88 81% New Orleans City By Rapids By 80 Preferred 88% Pref 80 81)4 North Chicago S:r— Stooi O Hob A Paterson 80 81 1st 5s IHOe-lti 1949. .MAN 4sg N:)V 1 JAJ Kansas City Bl 6s.. 1938 1108% ,,..,, North Jersey St.— Stook. Bonds JAJ 1 87 .. Guar 4s 1988 I Lake St (Chlo)BleT-8took 10)4 Pat Ry oon 6s 1931 .JAD 2(1 8s 1914 JAJ 96% H7 deb 6s 1938 A*0 froT * Pawt'ok-ltiSi '33 LonisT St By— 8S1980J&J 1117% 120 82 83 i Bayer pays accrue 1 Common. ,,,,,,„, 118 113 Preferred.,... G-wd AAO 93 93% .1 1 dc. Street Kaliwaya. Bid. Ask. uynnABos-Jti. D« -at.JAU JllS% 113% ' Buffalo Street Ry— 1st cousol 6a 1931. FAA 1117)4 130 Deb 6s 1917 1106% 110 355 350 Stock Chicago City Indianapolis Str'tBy— Se« Phils. lift. Cleveland City By 103)4 106)4 105 CleTe Clty-lst 5s '09. JAJ 103 CleTeland Bleotrio By,... 83 81)4 103 104)4 1913 Con 5s MAS Coiombns (0) St By...... 86% 40 BR- 95% )«ewWmb'gAFllstex.4)4B 104 Btelnwaylit6sl933. ..JAJ {116 Am Col 8t 100 ts oertfs lndbtl908.JAJ B'kC.ANew 6s '39. JAJ JAJ Ask. 1 , 40 66)4 99)4 111 1 93,S65 . . 67H 8% 8)4 8^ 44% 67 Jan 2 1150 Nov 16 1108 Jan 1119 Feb 8994Deo 15 99)4Nov 9S 8,435 12)4Jan 15 a694Nov 12 1094Dec 81%MAf 6,195 5794J'ne23 73 Deo 21 51 Dec 8894Bep S,49U 30 J'ne 25 3794Apr 7 30 Dec 46 Not 4S0 889<8ep 19 100 Apr 5 8 8)4 Jan 97%Oot 34%Jan 4 37 Nov 27 30 Oct 52%Mar 986 n42 Mar 6 191 Dec 81 83 J'ne i 160)4 An 3,j0u 87)4J'ne 26 49%Apr 4 31 Dec 41)4Sep 800 60)4J'ne 19 78)4Feb 3 72MDec 85 Sep 1,855 6 Nov 19 16)4 Feb 6 894 J'ne 1694N0T 8,835 S4%Dea 20 60 Feb 5 44)4J'ne 61 Dee 200 8 J ne 12 794Jan 2 8%Dec 37)4Jan 100 18%J'ne 27 Sl%Jan 2 84 Deo 87)4Jan 96,886 34)4J'ne 18 66)4Dec 11 30 Deo 89 Api ll,5<)t) 85 J'ne 25 99 Nov 17 77%Deo e4%ApT 81,520 17 J'ne 25 50)4Feb 6 24 May 4896NOT 3,870 64)4Sep 38 86 Feb 6 70 May 8694 Sep 108,350 28)4J ne 25 59%Apr 2 82 Dec 78 Mar 12,836 69)4J'ne 25 95 Feb 1 84 Deo 10694 Mar 850.636 95)4Mar 3 119 Dec 31 114)4Deo 183 Mar 1,005 107 Mar 2 118 J'ly 14 110 Jan 133 Mar 90 (87 Sep 87 198)4 Jan 13 i94 Deo 106 Apr 184,300 18 J'ne 25 67)4Deo 27 20 Deo 53|4Apr 8,767 709<J'ne 35 93 Dec 27 74 Deo 9 9% Feb 103,580 84)4J'ne 35 II494D4C 38 t78%Deo 229%Apr Do ISO 128 May 17 140 Feb 16 121 Dec 160 Mar pref. American Woolen 17 17 "l6)4 "l7" 4,360 21)4Deo 28 a2)4Dec 17 Do 73 73 78 150 76 Deo 18 7()94Dec 19 pref. -uiaoonda Copper 46 48 44)4 45 3,150 37%J'ne 86 5 4% Apr 3 31)4Deo 70 A.PI '175 176 176 180 100 140 Jan 2 183 Dec 31 130 Deo 160 Mar Brooklyn Union Gas ... mnsw. Dock A C.Imp't 1,000 9)6 9)4 6)4J'ne 25 1696Jan 85 9%May 8Q94Aaa 88,480 89)4Sep 81 56)4Deo 36 43)4 4694 ( "tolorado Fuel A Iron. 45)4 47)4 80)4Feb 84 Sep 180 183 130 Do 138 850 117 Got 19 131)4Jan 17 pref. 88 Jan 180 Dee •14 14 15)4 1,000 ll)4J'ne23 21 Apr 2 11)4 Col. A Hook. Coal A Iron. 6%Feb 21)4Sep 87 191 191% Consolidated Oai (N. T.).. 14,397 *164 Sep 81 301 Nov 17 163 J'ne 323>4Mar 191)t 183,610 21)4May 81 40)4Dec 19 4896 44 80 Deo 65%ApT 419i 43>4 Continental Tobaooo Do 8,695 70 May 13 95 Nov 20 9394 94 71 De< 10 3% pref. 93>t 91 Detroit City Oas..... 89 Sep 36 98)4J'ne 14 63 Jan 101 Aug 392,415 46)6 48)6 federal Steel 45)4 48% 8S94J>ne 36 68)4 Dec 88 ,, 89MDeo 75 Apr 6896 69>4 I Do pref. 28,323 e094J'ne 36 79>-jDec 22 68>, 70)4 67 Dec 93%Apr Gas A Blec. of Bergen Co. SOU 64 May 17 81 J'ly 17 186 188 190 188 General Bleotno 3,300 120 Jan 10 300 DcO 26 95%Jan 132 Not 48 48 1,530 41 May 16 60 Nov 12 47)4 47)4 Glaoose Sagar Beflnlng 37 Dec 7694Mar •96 Do 97 438 93 Dej 37 103 Nov 14 t97)4 97)4 pref. 96 Dec 110 Jan a. B. Claflln Co 110 111 30 n03 Oct 13 116)4Jan 11 97 Jan 117)4 J'ly 23 8,750 14)4Mar 6 88% -^ov 13 82)4 33 83)4 I nternatlonal Paper 17 Dec 68)4Jan ' Do 70 6,965 68 Mar 6 75 Nov 1 704 7094 69)4 uref. 62)4Dec 96 Jan 67 67 67 International Power 3,600 84 J'ne 30 65?iDec 28 67)4 InternaLionai ou »«?..,,,, 1,060 8 3)4Aug 8 10%Jan 86 36 Feb 8)6 8)4 794 9 Deo Internat. Sream Pomp... 6B5 28 Deo 17 2994Dec 18 28 asH Do 1,390 77 76 Dec pref 33 77)4Dac 18 •76)6 7iH 76)4 KnioEerbooker loe (Ohio.) 400 10 Nov 30 40 Feb 13 17 17 30 Dec e3%Feb Do 50 Nov 36 68 Feb 8 pref. 70 Nov 84 Feb i aelede Oas (St. Louis) 70 IOC 65 May 10 80 Jan 6 "•Vd" "Ve" 70 61 Mar 86 Deo S-i Do •97 •95 100 98 160 96 Jan 11 100 Jan 4 96)4J'ly l03%May pref. 12 Manhattan Beaoh Co •i8 15 16 6)4 Jan 30 ISMHay 8 39 Apr 5 Jan 3,175 23 J'ne 21 4OHN0V 17 •8796 38 31 Dec 68 Jan 37)4 37% Rational Blsontt ^^ Do •98 666 79)4J'ne 18 96 Feb 7 89 Deo 107)4 Jan 92 92 94 pref. '-'atlonal Lead 1,850 15%Augll 38)4Feb 6 16)6 17 32%Doc 40%Jan 18)6 1691 Do •8i 8.390 83 Aug 11 106)4Feb 80 108%Deo 118 Jan pref. 81)4 86)4 88)4 44 4B94 National Salt ,.., 17,336 38)4 ct 19 46 Nov 15 13 449t Do 835 89hOo-. 15 76)4Nov 14 75 75 75 75 pref. National Steel 36,391 30 J'ne 33 53)4Feb 6 63 Apr 39« 41 38)4 399* 3194 Dec Do 91 91 1,6^0 7994J'ne 86 97 Feb 6 pref. 85 May 9996Aac »'>6 919* 36,120 40%J'ne 35 69%Dec 31 65 58 68), 6594 National Tube Co ,,, Do 98 5,930 8894May 14 105)4Dec 31 98 pref. 98)4 »«)« •35 •35 30 Nov 80 87 Apr 30 40 New Cent. Coal (new stook 48 Jan 40 36 Oct 450 113 Sep 85 175 Nov 30 110 Dec 330 J'ly i4S 153 N. Y. Air Brake 118 155 16,900 1396 Jan 83 8394Dec 88 6%Jan 1794N0T 19% 80)« 19)4 80 North AmenoanOo •7 1.000 6%J'ly 7 7 Oatarlo aUTer 6 Mar 10%A»f 8 7 9 Feb 8 8,300 3S94J'ne 11 67 Nov 10 41 43)4 PaoiaoMall 36 Deo 55 Jan 41)» eop'l'sGas-L. AO. (Ohio. 118,550 81960ot 11 111% Apr 2 90%Deo 8 9% Apr 98)4100 98% 99 11,755 33)4Sep 28 589iJaa 17 4494J'ne 61 Aug 40)4 4i 40)4 41)4 Pressed Steel Car Do 8,087 7094 = ep 88 8»)4NovlO pref. 75 Deo 91 Sep 78)4 79 73)4 79 Pullman 1,13:1 176 Company J'ne 26 204 Deo 3 156 Jan 307*(Oot 198 197 198 197)4 «]pabllo Iron A Steel. 18,684 894J'ne 25 27)4Feb 6 16%Deo 33%Sep 18)4 14 18)4 14 Do 8,054 49 Aug 1 7094Feb 6 pref 60)4Dec 79 Asfl 66 58 56)4 68)4 8,000 59)4Jan 16 66 Dec 38 5896Dec 66 Apr •64)4 65)1 84% 65)4 Silver Bullion Certlfs.. 200 17j^0ct 20 26 Nov 21 lots-Sheffleld S. AI ..,, 100 Do •67 pref 5e)iJ'ne 35 71 Not 68 20 67)6 67)4 630 Standard Hope A Twine. 4)4Mar 6 10)4Jan 3 4 6%8ep 1S)4N0T 4)4 Tenn. Coal Iron A KB ..... 81,573 49 Oct 8 101 Feb 2 36 Jan 136 Sep 64 65)4 63)4 56 •19 Paelflo 300 15)4Jan Land Trust. 13)4 J'ne 19 8I94D30 31 19 Texas 11 Nov 81 19 700 10 J'ne 18 85 Feb 7 17)4Dec 45 Mai 15 16)4 16)4 15)4 Union Bag A Paper Do 8,800 56)4May 9 7794 Feb 8 70 pref. 71 Dec 89 Mai 70 6894 71 897 145 Mar 12 (5994Deo 81 (46 Deo 60 Jaa nmted States Bxpress.... •56 67 68 157 80,330 794J'ne 25 19 Jan 594J'De 40%MOT 8 !8 11)4 11% United States Leather. 1396 8,797 65 J'ne 25 79)4Nov 18 Do pref. 84)4Dec 84MN«V 73)4 7SH 7394 74 13,770 21 J'ly 6 44 Jan 37%Dec 57 Apr 3 81)1 2194 81)6 81% United States Bubber. 5,000 71)4Dec 27 l0494Jan pref. Do 81 3 9994Deo 181 J'ly 60 60% 60 606 120 J'ne 1 140 Deo 8P 120 Dec I36)48e» •130 13S 187 137 WeUs, Fargo A Co 84,383 77)6J'ne est. Union Telegraph 22 84 Jan 88 Dec 98)4J«a 88% 5 83% 84)4 8394 . 49)4 43% 45 95 •1696 86)4 17 lit 4s 1951 121H 43)4 18)4 58)4 8994 16)4 40)4 143 17 39 94 28 iil944 8294 71)4 86)4 48H IIH 6794 Maasan Blec pref 7094 8694 131J4 6894 6894 IIH 1894 75 100 16 40 94 78 lit 4s 80 )t 3494 74 27 •16 71 6794 879i 83H 60H 60% 44)4 43H 19^ 80)4 1194 6594 •4 7fi9i 25% 53)4 98)4 38 8n>4 6894 11% 93 67)4 2Vi 28 11)4 2S>i 92 41 81)4 STOCKS. STOCK EXCH, pref. Tot.tr. ou. 600 ^ Do lit pref. 170 Do 8d pref. 485 27)4 it. L. St 8. Ft., Tot. tr. otfs. 48,380 Do 7i)V Irt pref. 900 Do 5794 8d pref. 17.660 '*t.Lonla Sontta western... 89 060 22 Do 60)4 71,680 pref. 4891 ionthera PaolfloOo 246,130 19)4 tonthem, Totlng tr. otfi. 53,960 Do pref., Tot.tr. otft. 31,891 70h J^erai A Paolflo 41,500 25>i L hird ATenne (N. T.).. 193 8,380 1894 73)4 40)4 •T 62 •609i •81 87)4 80)4 6791 81)4 (2 pages) RloQraad* WMtern. 854 8; 91% 98H ie« 8X 8)4 8194 839* 4594 73)4 43)4 35 •8)4 88 148 8)4 »)« 37 16 71)4 815i 61 96 88H 959i 98 •106 113 il09>4 109)4 83)4 8394 83)4 83 71 70 71)4 72)4 20 63 140 11% 28)4 190)4 4794 97)4 11794 497)4 57 80 69 12 3594 16% 189 70 97 13 156 7 83 29 6694 75)4 75 97 85 44 75 40 86)4 87 121)4 123 67 67)4 il44)4 144H 83)4 869i 41 49 74 •70 •93)4 1694 20% 70% 72 26% 51% 1294 5i^ 65% 76 16 40 29)4 81 69)4 8394 6194 4394 57)4 23)4 50)4 43)4 23 84)4 13)4 18 26 16 97 17 * 6l« 16 '13 40M 48)4 97 75« 78% 16 88 •180 79)4 60Ji 4394 191S 82X 78H 73H 58H 58% 100 •18 40)4 •98 81)4 63)4 SO B7»< 95 75 103 4i 81 87)4 180H 1122 122 14)4 16% 14)4 14?1 191 193^ 198 19894 4m 84H 75 76« 78 •72 •95 62 88 •88 8% 120)4 10)6 194 S6)4 19C 8 •177 '177 180 994 0M 8K 49^ 6194 4894 63 122 58)4 48>< 106 86 81 83 47 180 95)4 190 ...... •93 61 7t*M 66«4 17)4 •72 47)4 i94H 94H 76)4 190 48)4 05 61>4 80)4 37?4 140 19« 85 95 . «ll«cellan>s Stock*. 8e 87 138!4 189 •J3 65 93 N. Y. PKICBS '145 il45 •115 145 148 \damiBzpreii 148 ,, malgamated Copper.. 90)4 90!4 91 90)4 9094 90>4 91 A.cuerioan 19)4 !»)» Car ft Foundry 20H 219i 2u)4 80% 1H% 20)4 6r94 67 Do 68 70 69 68 pref. 11^ 69)4 39)4 30 88>4 89 87 27)4 38)4 27)4 vmertoan Cotton OU •8 •88 '0 •.-(8 90 7 80 88 88 90 pref. •30 \merloan District Tel ... 37 177 180 1176 177 vmerloan Bxpress 178 180 175 176 SF% 39% 38 88)4 39)4 8»»94 3)4 38)4 American loe •67 Do 69 69 69 68)4 68)4 69J4 6b% pref. 7 e»6 6« 6% Amerloan Linseed en 6)» 6^ Do 85 8594 36 85)4 8SH 38 8594 3594 pref. •49< 6 •494 6 4)4 6 4% 4% A.merloan Malting Do 86 •86>4 88)4 25 35 86 27 26)4 pref. 62)4 vmer.Smeltlng A Refining 63M 65)4' 6294 «*)4 6094 63% 61 Do 99 100 98)4 99)4 98)4 98)4 98)4 99 pref. 28 26114 A^merloan Steel Hoop 3B94 31)4 a8!4 39>4 35)4 a69< •73 Do 76 78 69 76 72)4 71)4 72)4 pref. 89 83 43)4 38)4 41H 39H 3896 *0)6 A.mer. Steel* Wire (new) Do 84 85 81 8<J)4 85)4 87 pref. 839i 84i« 138>^ 185 183 137 183>8 136% .31)4 134H vmerloan Sngar Reflnlng Do 119 118 118 11894 U894 11894 11891 118 pref. 93 96 •94 laS 96 9594 A.merloan Teleg. A Cable. 69 60)4 A.meriaan Tin Plate 6094 65)4 87 679< 619< 6194 S7 Do 87 90 90 91)4 9194 §9194 »1»6 pref. cll4 11594 1;3)4 116)4 11294114)4 110% 113% 'Vmerloan Tobaooo I7H *"7« •86 60)4 Friday, Jan. 18 8« 86M 145 1175 180 89)4 39)4 85)i .^an. 17. 95 169* 3994 81M 31)4 69« 70H SO ?S« 89 89 •30 TAurctiay, ^an. 16. •85 96 85« 26X 66H S8K Fednuday 15. J . . .).. .... .. . . . cl08% no 81 fl4« 19H 93)4 300 803 107% ^u8% 83 80 1180 1104 ni8 84 88 138 108 I 16 inter est. . Jan. NN A» 8 O . THE CHRON1CLE.-BOND 19, 19(1.] BONDS K.Y.BTOOK EXCHANGE Wbbk Friee Friday, Jan. 18. EifDHfO Jan. 18 A labamaCeut. Week'i Range Bangeor Tear. 19C0. Lcut Sale. Atk Low. High. Bid. Lov). High M A St P— 1995 A-U 89 1995 Nort 1995 Novt 1995 Not! Stamped Kqnlp trser AR5i....l902 J -J 1916 M68.. lit Lou 8t Ohio & Atl Knox * No lat h Ss. 1946 J - D 106 Atlanta & Danv. See So Rj Atlan & Yad. See Boath Br Anttln * N W. Su. 8o Pao. Bat Creek & S. See Mlob Cen aefflft«red Bale 8>^s.l925J Bale Sale 90 PJnn*MUlTlitg3)<8l9a5M-N 89 Bale 9S« B6Ji lOlM 10«« 100^ D c'o; 90 97 98moiH 78^ (0 8«H 84M 1*05" 1*06" 24: 92M »bi U7V< "2 98^ 86 89 89 88« 228 08)4 102M 101 91 02 8S)i( 11 i" il3" May'bo J'ne'99 SecMetSBy Bklyn 1937 M947 J - J All 115 Bale lie lis ClAMahlBtgag5B...1943J -J Booh A PIttt lit get.. 1931 F-A 193aj-D Coniol lst6 Bnff A Southwest. See Brie. BnffABnsq lstgold6s..l913 A-U 1913 A^-O Begtstered 1906 J -I) BnrORANlstSs A-O 0BIFANWlstg5s.l931 A-O MAStLlstgug7s....l927 J-D OonlstAooltrg6s....l934 1934 A- Registered Canada Sonthlit 5s.. .1908J -J 1913ni-e 8d6i 1918 ReglBtered Oarb A Shawn. See 111 Cen. Oar Cent. Bee Seab A Boan. Carthage A Ad. SeeNTCAH M-H Oen Branch U P J OB la FAN. SeeBCK&N. Ist g 4b.1 948 See Bait A O. • 130 lag 137H Dec'OO 100 NOT'99 107 107 107^ gale nsH 118 117M M- N B8M Got.: Oct.i 60 30 Octi a M-N 1987 Q-jt Registered OonTertlble deb 6s. ... 1 908 M- N 107H 103)< ^om Apr'OO 133 98 Jan-'Ol 91 NOT'OO 117 Sale B7« 96 137 20 Oct.'00 6) 20it 8 96 103 106 J'ne'e9 Oot.'00 60H Bale Sale .... Bale 100 10e« Dec'OO 12794 l"<i8>« 127 113 Con ezt guar 4^8. ..1910 Q-MI Cent PaolUo See 8u Pao Co Charles A Say 1st g 7s... 193H J -J 108 108 103 Jan.'01 Obes AOhio Gold 6s IstOOngBs 110 118 g 6s ser A..1908 A-Oi 1911 A-0^ 1939 »1-N 193«nl-^ 199iJ lYl- e 1992 711Oralg Valley 1st g 6s..l940J -J BAADlTlstoong4sl98(i J -J 19611 J -J SdOong4s Warm Spr Yal 1 St gBs 1941 lU-B RegUtered .... 116M 116X Dec'OO 1S"H 117 t04>4 Sale 104 xom Nov'OO lOlH 106 lOBH 13 Jan.'01 93 94 98^ 9SH 1 latest bid 84 96 96 63 83H HH 20M -J H!j% 183H 1B3K lien Dec'OO Ji 112)4 112)4 188)4 eale .... . J-J 118)ig J- 122)4 J -J 116 J -J J -J 119)4 nsiii J -J 110!4 J-J J-J -J n8si J -J J-J 117)4 119)4 ..... 119 120H J-J ChAWestIlstsfg6s..l919 M-N - J 113H Bale - J 116 117 6 ClnSAC. 117 96H 104H Clearfield CCC A 96 103 93 100 "21 101 93 lOHM 102K Jan.'Oi Ol^i 03 81)4 88 113 118H 115 115 108^ lOSk II6V4 Deo'OO 6 1036 0.1Fb 1036 Ft ClD B * 01 oon latg Se.1998 r. Consols! 7s Gen oonsol gold Bs . . BegUtered 118^ J-D COOAIoonsol7s,...1014 107 107 80 105)4 11014 109)4 Nov'OO Deo 00 114)4110)4 111 117 107 110 107 107)4 Oct-'OO Noy'OO Deo'OO no lOOM 66 107 Dec '99 •••••• 118 116 110 136)4 Jan.'01 !22)4 123)4 118 130 l&B 180 103)4 Feb '00 103)4 108)4 117KFeb'98 103 Noy'99 Apr'OO Apr'OO Apr'OO Noy'OO 1129^ liaH 111)4 120)4 13694 137)4 IViH 186% 1S8H Dec'OO NoT'OO May'OO 88)4 Aug'OO 111)4 8694 86)4 Deo'OO 97 138)4 190 1S4 137 188M 296 103)4 lOeH 105U 10794 96 06 107H 1C8V4 107H Noy'OO 96 i 1 110 120 tS7)4 187)4 180)4 139)4 108 107)4 139)4 Apr OU 107)4 Noy'OO 109)4 AugOO 133 130 19K 19U lllM 112)4 133H 130)4 132941373 ia7)« Jan-'Ol 00 107 111)4 97 Hi •••eee ea*l«« 131 131 134)4 134)4 133 140 NoT'OO May'OO ISO Jan.'Ol 03 106 Oot.'99 -.20 Dec'OO 186M 188 lit 140 137 2S 93 119 Deo'OO 101)4 102 Jan '01 90 91 118 130 lOS 115 108 117 118M 113)4 55 • 88i4 104)4 98)4 104)4 HI 114 e • 04 108 "08 " to6)4 8 4 100)4 104)4 May'99 Oct'OO NOT'OO 90 04 83 04 litg48 Col A Bon ssseei ••••• 106 108M 11394 113H 136)4 Jan.'01 Hi IIBM 184 186 Deo 'CO 188)4 IST 10194 Deo'OO Vo 1% 70 84 ioi Ji iViJi 48 111 96)4 Jan.'Ol Bep.'00 84 108 96 60 111 180 Jan. '01 188 138 78% 78 78H 9S)4 95)4 Salo 44 lis 1047 J- J 1020 F-A 1st g 4s Bale 47 Sale Bale 84)4 79 8B 77 8i •• 71)4 78)4 151 OolAOthAT. SMMetBtRy. 115 116 Oolnm A GreenT. Bu Bo Ry. Vu 106)4 116)4 Col A H Yal. Be4 Hook VaL Ool Oonn A Term. S«« NAW 6 111)4 190 Conn A Pas BITS 1st g4s.'43 5 100 107 DakAQtBo. SssCMAStP. lis 117 allasAWaoo. See M SAT, 04 105)4 Apr'OO 1014 J-L 1 OS 1 J -J •131)4 135)4 187 1934 I -J 1038 Qn-J Begtstered ClOT A PltU. 8s4 Penn Co. Col Mtdl'd— 1st gS-4s... 1047 J- J 138)4 188 118 117 100^ 119 L— ( 113 106Hn«)4 108>» 111)4 Mar'OO Begtstered 113 139 116 190 191 189 i.1% 144 117 118 130 O0t.'99 100 99)4 J'ne'99 103 Jan.'00 115 Dec'OO. 113 Oct.'00 OABlltMOOOAI7i.l901 a A-C Ind A W lit pf St.. 1038 II8H 117 108 107 Peo A Baet lit oon 4i. 1040 lOOo Ineomeis. 108M lis ILor AWhoonlstBi.lOSS 100)4 109 CleT A Blarietta. 8m Pa BB. 120)4 14'% ClOT A Mahon Val g Be.. 1088 J -J 3 9 108)4 14 118)4 174)4 lieH llOM 1 10 WW lOVH 118)4 100« 103 104H 104M lOOU 103 lOOM 106)4 lUB 11094 111)4 18 11794 191)4 Jan-'Ol J-D 101« J -J 100)4 OlnW AM DlT Istg 48.1001 J-J 98)4 BtLDlTl8tooltrg4s.l000 M-N 104 1090 M-N Beglstered Bpr A Col DlT Ist g 4s. 1040 M-»* Val DlT Ist g 4s. 1040 J-J C I St L A C oons 6s. .1020 M-N 107)4 99)« 197N 117K119)t 10« 107 110)4 109)4 ins 116)4 111 108)4 107 Bale 109)4 105 Sale 116 A-O J-J . 18 109 166 1 1903 ...... Cairo DlT let gold 4s. 1039 104U loeM 16 134)4 110)4 186)4 185^4 117T4Jari.'01 11(^ Jan.'Ot 118 I18)i 117)4 117i4 119 Oct.'00 118)4 Dec'OO 130 Aug'OO Se«CCCA8tL. A Mah. SesBBAP. St Gengls iboii 103 33: laeHNoT'oo 4 j-j'ri 134 190)4 199)4 110)4 117)4 107)i 92)4 Bale 114H 117H 130)4 115^18114 CIStLAC. Se«CCCA8tL. 117 S3 30 109 130 117 28 118 ISbH Q-D D 1932 General gold 6s. Chlo AWest Mich By Ss.l931 1931 Coupons off. Choo Okla A Q gen g 5s. 1 01 oon s f 7s 1905 cm 1937 113 117>« 2d gold 4Hs Istgug5s...l041 AI ClnD 116X119H 109^ 112)4 89M 107 107)4 Sale 110 4s.. 1947 KB 100 100 113)4 11694 107i« "-30H 18SM 166 16, UOX 183 186 119 110«..... ... CblcTer Transfer g 166)4 151 119)4 Jan.'01 184 Dec'OO lis Jan.'01 120 120 117)4 IJec'OO 187)4 J'ly '99 J -J 185 J -J 12454 J 166)4 l"?* IOBh Feb '98 Q-JI J-JI J-JI lOfl 130 11214 117 Dec'OO 101 1049i Apr'OO 1 80M 81 M A-O and asktd this week. tBonds due July. tDueNor. IDueJune. TDueJan. SDueMay. a Option sales. bDneAng. cDne April. dDneOol. OUTSIDE SECURITIES Bid. Ask. a r»mi Kitllwaye. Boohester Ry 28)4 289i Oon 68 1930 lAO 1108)4 110 8d6s 1933 JAD 84 86)4 99 Bo Bide HI (Chlo)— Stock. OWH SrraoaseRap.Tr., 5s, 1046 I 88)4 100 union Trao (Chio) Com. 13W 1294 Preferred.. J Istg 4s S3H 1C8M .1911 Befnndlng g6s 1947J-J LonlsT N 1 A Ch lst6s..'10 J - J No Price Friday; 88V< 100 130 lOlM Apr'99 loan 103H 10B« Jan.'01 M-N 1 H Bale UOH l\m M-S lam USH 132>« 182k OkleAHIU.lstsfoar6g.I007J-U iian 114H8ep.'00 1907 J-D Small 1984 A-O 185 IftoongSs 186H-ran.'0l 1087 M-M 11 5K 116 Oen oon 1st Bs. 116 1037 M-N Beststered lis Ang'OO * 173)4179)1 ChlcStLAPttU. See Pa Co. ChloBtPM AOoones..l930 J -i> 183 134 ChStPAMlnl8t6s..l918 M-N 106« lllM 78 117^ 129M NorWlioonslnlstes..l930 J -.1 3 llfl 127H! Bt P A 8 City 1st g 6s. .1919 A-C 180M J'ne'OO minolsDly g 8Ms,...1949J -J 108M lOSH 1C3)< 103H 1949J -J Besistered 118«NotOO Iowa DlT sink fd 5s ... 1 01 9 A- O UBH 1919A-0 106H 104(>6Deo'0b 41 1927 M-N 112 Sale 113 113 Nebraska Bxten 4 1927 M-N RegUtered lllHJ'ne'99 100«Oot.'00 Bonthwestem DlT 4i.. 1931 U-H' 1903M-8 144« OonTertlble 6s. 144^ 144H A BHe. 8m 130 106 iVi 1C4H 105 94H Ang'OO 103 103 . . . ^IbA Lools-Refg 61.1047 J 6 Jan.'01 ll'JVi .... , J "89 Aug'OO UO^Bale 130H HUzLezA BSgagBs.l902l>l-8 102 Ohio A Alt Klt^s f es..l90,H M-N 109 93 RefuiidH g gold 3g.... 194' A-O U S Trust Co receipts... A- O Hiss BIT B iBtsfg 6s..l9ia A-O 84 Sale JJaiJwai/, gold 3^8. ...1960,1 -J Ohio Bur A g— Con 7s ..1903 J -J 108M 109 1901 A-O BlnUng f und 6s 1 905 F -A Ohio A Iowa DIT Os. 1922 F-A 108K... DenTDlT4s lat 58 1936 Brie. 179 Dec'OO 172V4 Apr'OO 181 Dec'OO i86 HAD (• 1913 196 8 113 ffiUeago 104 Deo '99 i'13" Bale By loen 10»H 87^ 93 120 J'ly'OO 6s.. 113X113H SO 106 10 106 104 03 93 187 130 Am Dock A ImpCoBs.l93i J -J LeAHnd Bgen gngSs.'au j -J 19iaM-N Leh A W EC 5s 186 , F-At MldOaAAtlUlT6s..l947 MobUeUlT l8tg5s....l94H J Oentot N J-lBt oous 7s.l90<:M-N 10t)« 1987 J -J 128 General gold 5s, Debenture 6s. 109 15 115 lo4 J -J Han ABtJos oon a 106 128 119^ lOdM 110 194HJ -J Registered 181 113J4 Doc '00 181 Geu gold 4^8 139 184 «•« last • Nov'OO 119^ 117 OenBR A B of Ga—Col g 6s' 87 »l-^ Cent of Ga By— 1st g 6s. 1945 F-A» MANDlTlstgSs -97 Jan.'01 So. Lovo. UxgH . 93 1945 Registered 1945 Oonsol gold 5s 1945 Registered ..1945 1st pref Income g Os Id pref Income g 6s... 1940 Sd pref Inoomeg 6S...1945 Apr 103 180 199 10«M 103 119M Sale - 1. Ohio A Ind 115M 1 AWe»t lstg48gQ.1998A-0 •lOOX Central Ohio. 100 Uxgh.. 186 J.J Year 1900. L,ou). 186 186 -J I2 Bale. I. -•«< .1886-1986 F-A 1967 M-N lOOH Gen Gold 3)4s 1987 Q-N Reglsteced Sinking fund Ss. 1 870-1929 A-O Eegistered .... 1 879-1 92K A-O Sinking fund 5S..1879-1929 A-O 107 Registered .... 1 879-1 929 A-O 26- year debenture 5s .. 1 909 M-N 110 1909 M-N Registered 3 0-year debenture 5s.. 1 92 A-O 116 1921 A-O Registered Sinking fund deb 6s. .. 1933 ni-N '193 1933 IVI-N Registered Des Mo 4 Minn Ist 7s. 1907 F-A Eacan A L Sup 1 st 6s. 1 90 J-J lowaMldland Ist 8s.. .1900 A-O 1905 M-H 111>« MIIA Mad 1st 6b Nort.h Illinois 1st 5b.. .1910 ,TI-8 111 OttCFA8tPlBt6s..l90« M-P 110 Winona A St Pet ad 7s 1 907 M-N iar?4 MllL8AWlstg6s...l921 ,11 -N 136H, BxtAImpsf gBs... 192(1 F-A 12594 Mich DlT 1st gold 68 1924 J-J Ashland DlT 1st g 6s 1925 M-8 138?4 Conyertlble deb 5s. .1907 F-A 108H, 1911 .n-N Inoomes Chlo Rook Isl A Pac1917 J-J 130>4 183 es 1017 J-J Registered 1088 J -J 108 General gold4i 1988 J -J RegUtered Des M A Ft D 1st 48.. .1005 J -J 1006 J -J lst3)4s 1005 J -J Bxten8lon4B KeokADesM 1st 5s.. 1033 A-O 111 119)4 1933 A-O Small Chlo A St L SeeAtohTASFe Chlo St LA NO. See 111 Cent. Registered A Moutauk. Su L IbI. Bnff N T A Brie. See Urle. . Week Sangeor A»K. 1903 J -J •185 WlaAMInn DlTg6s..l931 J-J Mil A No 1 St M L 6s... 1910 J-lJ 1913 J-D 1st oonsol 6s Chlo A N'woBt—Oon 7s.. 10 1 F 1002 Gold 7s l> 1002 J-D Registered Extension 4s.,.. 1886- 1936 F-A BraniAWest. iJeeSnyFAW Debenture &• B D.'02 J W M nffBAPgeugOi $g . See IlUnolt Cent.. KAT Bridge. See war A 7th At. at 7b Chlo Mil 4 St P con 7S.1906 1914 Terminal gold 5s Qen gold 4b aeries A. .1989 1989 Registered Gen gold 3)4b series B.l 98b 1989 Registered ChloALSu DlT g 5s. .1931 Chlo A Mo Rly Dly 5s. 1926 1910 Chlo A Pao DIv 88 1931 1st g 6s. Chlo A P 1916 DakAGtBog6s 1924 FarASoua8Bag6s 1st Hast AD DlT 7s.. .1910 1910 5b 1908 lstIADBzten7s 1st La Crosse A D 6s.. 1919 Mineral Point Dly 5s..l910 iBt 80 Minn DlT 68.... 1910 iBtBouthweBt DlT 8s..l90W 9ek 103 636 89 111 111 im Booner 8 517 DeoVOO 105 1925J - J 1948 A-Ot 102 1948 A-Ot Q-F* KeglBtered SonthwDlv Utg8Mii.l925j -J 1935 J -J BeglBtered MononBly litgug5».191« V1930 M- S Cen Ohio B 1 it o g Beeoh Creek. See N T C A H. 1029< Oct.'0o Svit 84H Noy'OO 95M - J 96 90 1C2^ 98H 88H 79«i Deo'HM B«rlit«re<l A Car. 1 IstCA M7b Adjnitment g 4i Bel Btd. lst7B*goldRD....190a J -J & W. See B. K. & P. AmDook&I. Sm Cen of N J. 96 Sale 1995 Q-Jt lilg *• Arbor Ann At0hT*8Fegen«4i..l995A-O lo:<H8ale Registered .So" 126 1. Price Friday, Jan. 18. Chlo Milwaukee * St Paul— Alleg. aold4i BegUtered Page (5 pages) . aeetioVij. &0 prior Ig FRIGES BONDS, N. y STOCK EXCHANGE Wbbk Ermaa Jan. 18. A-laMld. Se«ea^.Fli).AW. Albany *8nBq. Se«D&U. Ailegheny Val. See Penn Co. alt J 5 19 1 4994 United Rys (Bt L Tranatt) 19)» Preferred 73 Gen 48 1934 JAJ I 80)4 Ltn'd TrABleo(ProT)-8i'k 110 West Chicago 01 09)4 Oong 58 1086 MAN llOOVi 60)4 81 72)4 8994 HIH (Given at foot of Kas j^ecurlclee. ToroeBtur iMa8Bri'r-r'>m Preferred Bid. 84 105 7 Ask. 36 106)4 NKW YORK. Cent Union Gem— 1st 5s Con Gas (NT)— Stock— quit GasCon. 58 1932— Se« Stock Mutual Gas N. NT Hleo Lt Ht A Pow— 1st 5b 1944 Coiisol 5b 1946 1st 68 1987. 100)4 Standard Sth Bxoh Kx.ll St. 895 990 109 110 Gold 6s— See M. T. Stk. Bzch. 105)4 106 131 151 115 MAN CITIB8. Baltimore Consolldat— S« «Balt. State Gas— 1S3 IBS 117 List IM Boston DnltedGas Bonds -Bosio nLI* Bzeh Buffalo List. Ask. JAJ »H8)4 114 JAJ 1C6 109 ; 1930 OTHBR Bay T.Stk. Bid. .MAN Gas—Common Preferred 1st 5s Amsterdam Gas— 1st oonsol Ss Hecnrltlee. iia.» N T A Bast BlTer Gas— Nor Un T SECURITIES, oonsboutivu paqbs).— fl'^iS' Ist 5s City Gas— Stock. Bonds 6 1 74 7)4 76 (jas !!*ecurttles. dc. Bid. Chicago Gas— Se< N V Btc ok Hz eb. lOlK IPS inolnnatl Gfti * Coke.. <« 48)4 >)1 Gas L A Heat—Com. 78 Preferred... JAJ {104), IstSa 1938 15 OnsoUd aaa(NJ)-St«k la 81)4 80 JAI PltU). ... 50 eiM 81 60 t 118 Bonds Ss Consum Gaa (J City)—Stk 1CB)4 loe" 1st 5s 1930 Oansul Gaa Pref ( lit Hi I And Inter'- St. MAN 1106^ 106 tPrlce per sh are. A 3 1 THE CHRONICLK-BOND 126 Prie* Friday, Jan. 18. BONDS. R.T.8TOCK EXCHANGE Wbbk Week'$ Bange Bange or Tear La$t 8tUe. 1900. A WMt«rn7i..l907 M-8 MorrliA Biiex lit 71.1914 Bid. Aik. Low. High. 183 Jan.'Ol ra-N 1871-1901 A-O 191S J-D liteongnar 7i 191& J-D BegUtared NTLMkft lit ei.. 1931 J -J 1923 FOonitrnotlon 6i 1923 M-N Tens &tmpt il lit 7i.l906 A-O Stt Blng * 1900 A-O Warren 3d 7s Del & H-litPa DlT7i,1917 M-8 1917 M-8 R«fflat«r*(l i 8ailitaoiiga7il90e A-O 1906 A-O Regliter*d Onar gold Si. .,.,,.,1906 A-O 1906 A-O BM[laUr«d 1921 W-N Beni £ Bar lit7i 1931 W-N Beglttered D«l BIT BB Bga. Sm Pa BB. DenABQrlit gold 7i.. 1900 7 W 186 IS8>S 18":(M Ueo'OO 188 184 140 188 103H AnK'98 146H May'OO 146 113M ieoii 117H121 111^ 116 iianiisx -SI 15; 148« 148X 108 Oct.'00 147 1936 ImproTement gold 6i.l938 1489( 108U 1049^ lOOH Bale lOrj^ 10(« lOSM .... 108 Jan. 01 109 108 I07M 107H Istoong^^s 141 116% Dec'OO 188 J'ne'99 lis Dec'OO 118X Ang'OO 147 Dec'OO 81 96)2 10211 109^ 106 "lO 101)il08 Des DesMUnBr M-M J-D J-D A-O A-O J -J J-J 1st g 6s... 1917 DetMATol. SmLBAMBo, Det * Mack Istlleng 4s.l995 1995 Gold 4i Dnl A Iron Bange Ist5s.l937 1937 Baglitared 1916 9d6s DalB«dW A 8 1st g 6s. 1938 Dnl Bo Shore A At g 5s 1937 J -J East of Minn. Sm BtPM&M. astTYaAQa. 8m. Bo By. Igln Jol&B lit g 5s... 1941 IW-N ' S. & S«« Brie lstextg4i ...1947 1919 1933 Sdeztgold 6s.... Sdaxtgold 4U 4tbeztgold 6 Stheztgold 4s ,,.1930 1938 1920 1st eonsol gold 7s gold fd 7s.. 1930 1st oonsol rle lstoong4spr bds.l99e Registered .,1996 1st eon genllen g 4i. . ..1996 Beglstored 1996 Bnff N T * Brie 1st 7S.1916 gold 6s. .,.1908 Buff* B W BmaU Cblo & Brie 00 87 UOX 1908 86 Dec'OO etsctt leetec 107 111 118)* ll2k 111 M-N 121 liOyi Jaxi.'01 M-8 131« 181 Jan.'Ol M-8 116J4 116 Nov'OO A-O 181)4 188^ Mar'OO J-D 106}< 106K Apr'99 M-8 •142 143 143 M-8 137M 143 Deo '98 J-J 96^ 97 J-J 98>4 Ma7'99 J-J 83 Sale 88];i 86 J-J •• •• J-D 140 Feb '09 J-J •106 J-J iiex lie uoHiioH IBlVi 116 106 187j<189 188 E 878 786 SiH 148 111 • 117« 37 9 67 10 114 11 104)4 136)4 Jan.'0 189 Oot.'08 ••••«» 121 110 98H 106 112 . • I • « • nsii 107X 117H Jan.'Ol llTi4 Jan.'Ol 90^ J'ne'OO t 106 118 Hale 98 90 105 Apr'OO 107)t( Jan.'01 99M lOBH •»•• flteeti 104 100 SmOANW. nreka Springs 1st g Os. 1038 e-A 1081 -J BrATHlstoonas 1st general gold Si.. ..1048 A-O Ht Vernon lit 6i... ...less A-O Bnll OoBr'oh litgSs..l030 A-O SrAIndlit eon gn g 6i. 1086 J-J Fargo A Bo. Sm Ob M A BtP.. Flint A Pere M g Ss. ..1980 A-O es 184 108 t • • • • • 123 ) 125 108 120 lasM 108)< 110 *••••• •itta* 110 124 108 107 . Istoonsol gold 6i.... 1939 ra-N A-O -J lit land gr ezt gold 5il930 J -J ConiOlgpldSi ..,1943 J -J rt 8 A y B Bge. 8m BtLASF. Fort St U D Co lit g 4Xiie41 J-J Ft A D 0— litg 4-ds. 1931 J-D Ft A Bio Gr lit g 8-4i.ie38 -J *•••• •f*«e 108« 68 B P Co. al o{ '83 lit 6i.l91S AGa & Ala Rj lit pt g 6i.l945 A1945 J-JT lit oonsol g 5s Ga Oar A No lit gn g 6i.l929 •J Georgia Paolflo. 8*» So Kj. Otla V G A Nor. Se« Bo Pao Co. Gout A Osw. See N Y Cent. HAH 103 .,.., •••••• eittt Jan.'Pl Jan.'01 I099i J'ne'Ol 100 Sep.'OO lOi 80 68 103 106 108 100 Sep.'00 186 108 80>< Bale I GainarA.SA. 8m 106 ISO 103 185 lOf 100 110 100 ••• • • •• ••*• 41 Jan.'01 Deo '08 08« Nov'OO OOM Jan.'00 Grand Bap A Ind. Bu Pa Co. Grar'i Pt Term See 8t L 8W oon g 4Ms.l999 J 104 Bale Registered ..,,. 1999 J-J Iiteztg4s.l948 A-O 106 Col T. See Bo Pao.. Honst H A Hons A Tez Oen. Sm Bo P Oa Flnoli Centralist gold 4i 1051 J 116 Reglitered 1951 J 114« lit gold BHt 1951 J 106M AHV W B6igiitered..««.,«t»«>10Sl Jingold 8sit«nlii8....106i M. Be^stered 1061 M. OoUTrastgold 4s..... 1063 A-O A-O M-M Beginerea I0S3 M-M Cairo Bridge gold 4s. .1060 J-D 1950 J-D Beglttered Lonunile DlT g 8)<i .195i J-J 1953 J-J Begiitered 1931 No pnce Friday; 108 84 6ex Beenrltlee. Gas— See N Y Bzc Jissez A Hudson Gas Fort Wayne (Ind)... Bid. h. Ask. Use 85 86 65 100 40 46 1st 6s 1925..,, JAJ drand Baplds— Stock. FAA 1108 lit 5s 1915 Hartford (Ct) Gas L... 26 t 48 OS 106 104 HndionCo 40 108 86 103 Gai. 6igl049 Indiana Nat A lU Gai— lit 6i 1908 MAN Indlanapolli lit 6i 1030 Gas—Btock. MAN 54 40 94 66 4S 06 114 116 100 106 20 101 08 104k 138 etteee )•«• !••• 115 • 00 (Given at poot op 7 Bid. Aik. Gae 8eenrltleB. Kansas City Gas 80 100 30 5s 1932 AAO noo 108 46 83 Loganspt A Wab Yal1st 6s 1936 66 JAD 61 Madison (Wis) Gas— Btck 70 76 110 1st 6s 1936 AAO 107k Newark Gas Os 1014... 1140 141 Newark Oonsol Gas ..100 65 6s 1948 JAD 1104 100 Mew Hng Gas A O—SmBo stonL 187 188 101 ib7k 106k "o*Bk 107)4 108k Nov'OO 108)4 Aqk'OO lOSk 108M 108k L08k Dec'OO look now 42« 88 issk 64 111 ma lie' 67k Sale ••«••• I 61 70 68 67)i 179 63k Oct'OO *123k lask lask laak Il7k 118 .,., 116k Jan.'01 Jan.'Ol A-O J-J J -J M-8 M-8 A-O 81 67 Jan.'01 116kJan.'01 1 16k 130 108k I'O A O 113 110 104 Aag'98 Jan.'Ol loek^iik lOe Dec'OO 113 J'ly'OO 109 118 lOOk Oot.'99 108M Nov'99 "93" 8ep.''o6 95 »W 68k lOiJJi 111 llik ..... • tl,»4 <••#• **•••• 01k 0>M 101k Sep.'OO 188 181 103 103 lOS Ji 104k ••••• 104k 105 100 08 J-D Jan.'01 Oct '00 98 H May'OO Deo '00 los" ioi' 106 113 Jan.'01 al5 lie 138 112 110k Nov'OO "38 lo-s^iifk OOM 108 99H 100k 100 , 112J6 lis lUk llOk 1 90k 100 Dec'OO Nov'OO Jan '98 Nov'OO 15 106 116 108 130 188k 117 115 - Bale ..... *104k 70 j 81 S6k Sdoonlnoomeg8i,.,,193e IS i»17 a-O Sqnlp A eoll g Si 8d series g 5s ..,.,,1919 a-O iez Intemat 1st oon g 4s.'77 m- 8 1037 J-D 4ez Nat 1st gold 6i Sdlnc es ACp stmpd.1017 M-St 8d Income gold 6s B.. 1017 An.i ••••ti iez North 1st gold 6i. .1010 j . d 1010 J.D ••*•• Beglstered Bale 14 lllkllB Dec'OO 68k 98 112 112 118 Sep.'OO Ocl.'00 98 180 117 116 187 esk 68k 99M 95M 111* 15 Jan.'Ol 107k '01 109 111k Jan.'01 Jan.'01 107 Ulk HI 06k Oot.'00 00 lOSk Jan 1 106 105k 44 116 116 14 80k Jan.*01 S''H 26k 13 18k 86 86 10k llSfS lis" lis" 90k 'SM 10 ISk 88k BSH 81 Apr'OO 108 81 18k J'ly'OO 13 May'OO 106 lOS 83 TO 161 176 108k Apr'OC •••«•• mX 106k 96k 100 tOSk 10^ 187 117 115 188 Oct.'00 ISek 68 j>iy| j'lyi 110 Ang'OO Jan.'99 130 NO AM j . 106 HO 107 106 113 iodk 99 1080 ffentaoky Cent g 4i ... 1987 LANAMAMlitg 4X1.1945 00 lie 104k Sdg8 85 •••••• 11 Ok Bale ,i 14 138k 96" ioT' 97k 106 too 108M "099^ .ra-N ,.1040 J ,..1040 J CoUtrnitgSi 1931 M-N Col tr 6-30 g 4s.. ..1908-18 A-O Oeoel Br 7i 1007 M-e B A NaiA litg ei...loie -D LCln ALezg 4)ii...ie3l M-N litg •r^..„.ie80 J -J Id gold Oi,. ...„.„. .1030 J -J Pansaoola dlT gold 6i. 1080 M-8 BtLdlT litg es..... ..1081 M-B 34 •••«« Mo BIT. SM^lAAlt. LonliTlUe A NaihTllle— General gold 6i..., ...1080 Gold Si 1087 ,, 180 Jan.'01 104 La A Bonds due August, Laclede Gas— N Y Stock Bzch. Lafayette (Ind) Qai..L 40 IstOs 1924 MAN 58 lOOk Nov'OO 136 138 100 186 Sep.'OO ' •••a ><toh Cent. Sm N Y Cent. •iIldofNJ. SssBrle. tfLBAW. SMChloANW 108k tlUA Mad. Sm Chlo A N W tfUANorth. SMOhMAStP tftlABtP. Sm Oh MA at P Mar'OO t 114k ••»•»« 108k 81 17 lOSk etofto 08 ••«•• •••••• 186 07 67 , <etrqpoUtan ML SMMan By, Xez Oentcon gold 4i... 1011 Jan.'99 Jan.'00 111 llOk 1>1 OBk Jan.'01 97k 97H 99k 134 w ,,.... these are latest bid and asked this week, Detroit 08 118k llSk 104k 106k Dec'OO 1*00' • ..,,, ....,1 (tl-N Beglstered 1990 a-0 MetropplHl 1st gOs... 1008 J.J 106!4 Man 8 OolontigSi..ie34 i.T) 4«E'ptABV. SmP MCKAY 108 10S)<Apr.'98 104W 100 M-8 100 J-J 08 104M •see ••••«• M-8 111k NFlaASlitgngSs ..1937 F-A ni« 80 98H Peni A Atl lit gngei.1031 F-A 113 ooM eoM BANAoongna6s....ie36 F-A 113 ainkfd (SAN A) gei..l910 A-O •uok L A Jeff Bge Oo gn g 4s. 1046 M-8 LNAAO. SmOIAL. 103 Dec 00 1019gJan.'01 F-A 85 113)< Mar'OO 106)4 Dec'OO 08 OUTSIDE SECURITIES Oae 116 106 Ferry lit gold 4« 1038 M-S Gold 4 ••I 1033 J-D '"08* Unlfledg 4i 1949 IM-8 Debentnre gold Bi. . , , 1084 J-D 95 Bklyn A Mon 1st g Oi.lOll ltl-8 116 1st 6 ...1011 M-8 106 NYBAMBoong6B..ie36 A-O 108 litg Si., ..1087 M-8 108 Nor Bbb liteon g gaSi..'83 g-o 110 litoon Income g8i...ie39 104M 104X 104^ ••*••• 104 Voia NoT'OO »••••• •••til ...... ••••• •••••• 104 1063 4i..ie63 Middle DlT reg 6i * •••*•• ctttai lOSJlg 100 118 MahonOoal. 8mLBAM8. antaattan By oon4s.l990 a- 1st NO A Tez gold iittt' 70 6S A St J. fitoOBAQ Han oniatonlo. Bt» NYNHAH. Beelttered •••«• Mar '08 77 ibo" >..... ,,,,.1 Dnlfledg4i..., lUglitered 108X • 81)4 e^ioi 108k oot.'e9 NoT'OO Ang'OO NoT'98 121 90 186 138 18B esk 90 114k Dec'OO 138 98 188 NYABB NOT'07 Dec'OO Dec '00 ••••t , AN 1»1* r v'^i^^ys'C* Leh AHndR. Sm Cen o/NJ.. Leh A WUkeib. Su Cent MJ. 104H 139)4 LeroT A Canejr Vai, Sm Mo P. Lez At a P F. Bu Met Bt Ry. LongDook. SMBrle. lis Long liland— liteong Si.,... itsi litoong4i 1031 iao' General gold «§ less 111 108)< 118 . WUk&Baslstgn g6sl948 J-D 107 rle & Pitts. See Pa Co. 116 ^^ I^ Y lit gn g 4i. ..1046 g??f«tered........ 1045 Bl A N lit » litpMe.1014 Low. High 183 lis" Sep.*'bo lOBX 101X Registered 5s 1997 ra-N ^ ljitgng4J<i..ie40 J-J •lOSkllO Reglitered lOH - J .......1040 ^^J. '^•'^'^ *•*«« « 611041 A-O 118 I'eh Tear Dec'OO 100 . I-V Coal OolftgngSfc. 1083 B6ii • • • • 118 109 108 1987 F-A General g 5s 1940 V-A Terminal 1st g 9s. .1948 [n-N Begls 96,000 each 1943 m-N I. Ht g6i.l037 ^.'^£^fA^ adgoldSi. 1941 Ohio lit gn Si. 1046 ^0£<? LBAM8. Sm NY Cent. Lehyal(Pa) , 1900. i .! ••ee* •••• 116 106 Sdgold4Ms Hook Val SNStLASF ooUgSi..ie97 133)i 133>« • ; W W I960 1950 Kentucky Cent Sm LAN. Keok A Des M. Sm C B I A P. KnozTlUe A Ohio. Sm 80 Rr. 107X118 •••• 102)4 A-O A-O A-O M KAT I 1st g 6s. . .1982 »I-N Pt HnronDlT 1st g Ss.l989 ria Oen A Pen lit g 6i. .1918 Keglstered Kansas Mid. Laat Bale. 08 : an A Mloh, Sm Tol A O O iitlngsJioag l.°n^^^*» Kan A Pao. Sm lis 110 109M Dec'OO BB 1st gn gold 6s. 1909 A-OJ Long Dock oon gold es.l93& A-O Coal & BB 1st gn es.l932 M-N Dock ft Imp 1st our 6s. 191 -J N T&areenLgag6s.l946 m-N Small 1946 M-N Hid BBofNJ litg Si. .1010 A-O N Y B A W— 1st ret 6i.l937 J -J BsoanAIiSnp. 98)i 76M 00 92M Feb.'99 Jeff . 98^ NotOO 96 86 O. Him Cort & No. SfeJUehANT. 108M 109X KMiCSolstgSs . SlU Lex & B lOSMXar'OO 106 • , ! Bang* A$k. Low, High. 88>< J-D OarbABlitf 4i 1088 m-B OWoStliAN Og6s..l961 J-D Kegiitered lesi J-D ooid8)<s :::i95i J-D „»^6B'ed,...,,..i951 J -D 'Ig'nPiT litg*..., 1951 J-D _ ,^«lttered. 1951 J-D Son iftgn g4s... 1081 M-8 .3^ Ind Deo AW 1st gSi.... 1085 J -J lit gnar g 5i. 1935 J-J "* b'ss 1 948 A-O is? F/^ ^V!> Int A Great Nor— lit gold 6i 1919 M-M M-8 ,M «?'**••. 1081 M.8 Central Iitgold6i.l088 J-D J»;» Midland. Iowa Sm Ob A N W. J_e«te«)nBB. SMHrle. alAAGB, Sm LB A MS. BeUeTAOarlit6a....ie83 146^148 141 Oct.'00 141 116« ,,,1936 BloGSogn. S««HloQr8o M A Ft D. S«« B * 1 P. Dm M AMlnn. 8m Cb A N W. UIH 188 128 103^ 106 118M 188 J-J J-J J-J J-J J -J J-J P-A K-A 1051 1061 Go'1 8)4» 1961 Begiitered 1051 Bprlng DlT litg SXs. 1951 Registered 1951 Weitem Une Istg 4s.l96i ^Beglstered ,,.1961 133 119 WeeVt Mmnge or 18 Bid. Oet.'98 Deo '00 iaij< Dec '00 103X Oct.'00 n6><Nov'00 LX2II fVOL. Friday, Jan. 18. 134H ni Cen. (Con)— 6t Lonli DlT g Si 14S B»gl»ter»i 107M 188H 2. PHe« 5^" EXCHANGE Wbkk Emdihq Jan. 108 lb iBtoong 4s 188H 187H Deo'CO 103^ Ueo'OO U6« Paoi No Low. High 138K 104H •102 NY . (6 pages) BONDS. S.y. STOCK Ekdiiio Jam. 18. 0«1 Laok , , prices lit. t Due April. I Due January. 1 Duo October, oonseoutivb pages).— 6"^/^, TML. Gaa Aik. 84 39 •0 45 Stock Bzch Bid. Seourltlea. A Ind Con Nat A Dl— Ohlo&Ind— 1st 6s '36JAD Peoples Gas A Coke— N Y PhUadelphla Co—Sm Bos Ohio 60 Providence Gas. StJoseph (Mo) JAJ 6s 1937 StPaolGas-Btook .MAS Oonsol 6s 1944 Syracuse Gas— Btook JAJ Ist5sl946 Western Gas MUw) ,,,,. . , . ( Si—Sm NT Bt Hz Uit. L ton t i { 1st. i Due Jnly. a Option. & 2ELEPH., Bid. Aik. Telec. Sc Tele»b. Telea. dk Telephc American Dlit Tele— NY atoek rah Bell Teleph. of BnSaio. Central A Bonth Amer.. A Poto Teleph—Stk 5i 1000-80 JAJ Oaes 07 8S 91 45 75 78 8 10 86 05 89 48 98 60 98 dkc Commercial Cable Oammer Dnlon Tel (NY). 118 100 70 108 173 119 7B H nplre A Bay State Tel. Brie Teleg A Telep— See S tOkBz 118 104 74 t •••• 177 134 IJit Franklin 67 40 iAndtnteies^. tPilce per sh are. Jan A 1 . e . BONDS. ^1 V.T. STOCK EXCHAKG £ 18. Jan. WasK Kmduio D Mtim A Bt L— lit e 7f .1927 D low* ex lit gold 7i... 1909 SonthWeitez lits7i.'10 J-D Price Friday, Jan. 18. M 118^ M 98 97 • 100 J.J MoKan&Tez— lstg4i.l99U J-D 1990 F-AI Sd gold 4s 1944 M-M 1st azten gold Os BooneT BdgOogn g 7s. .'06 IW-N Dal&Wa 1st gagSs. 1940 M-N MKATof T litRag6s.'42 M-H BherSh&8oa1it«ag5s.'43 J-D KOAPaolstg4a....l990 V-A T«bo * Neosho 1st 7s. 1903 J-D Mo K A H Istgn g Si. ..1942 A-0 19U0 M-N MoPaO'-id7s 76 Sale 97M 8a' imu. Bale • •*••• •••••! 118 . ' 07M !OOHNOT'0« 90 90 100 "94" J'ne'bo 107J< Deo'OO 96H J-J J-J J D 187 183 68 Ist extension gold 6s. 1927 Q-J* 1938 M-8 General gold 4s MontgomDlTlstg5s.l947 F-A 8t L & Cairo gng 4s.. 1931 J -J Mohawk St Mai. 8«« N T O & U Monongahela RIt. 8«« B ft O St P Morgan'sLa&T. Bt$ B NathOhatABtL 1S8M 127 1st 7s. '13 1901 1928 lit oon gold Si lit gold 6s Jasper Boh.1923 1917 lit SlMoMMWAAl. Vew&OlnBdge. SssPennOc HO&NBprlorlieng6s.l915 Man Bh„ NTOentAUR 88M Jan.'Ol 96 19 Deo'OO 1937 128H N B*glat«red Y A Oreenw Lake. Sm Brie N Y A Bar. 8«« N 7 A aad. MY Lack AW. JS««DLAW 183 128 119 99M NYLBAW. J-J J -J A-0 Bt$ J -J J -J •••••t ••*••• ••••*( 113 5m r?YNHAHart litres 4i. '03 J . 64 77^ 89 98 90 88 90 NYANBlst7s 1005 ool g S^s. 1998 N Y A North. Sm N Y C A II. NYO A W. Ref Istg 4sl992 HT£Piitlstoongng4s.'03 Nor A Mont 1st go g 5s. '16 ioe« 10694 107 109 Bale 1099i Deo'OO 106^ 106M 106M 106>< , 109 110 . 106 Oswego A Rome. Sm OOTABtP. •••••• ••*•• A-O A-0 114 112 1O0H 109M Bep.'07 108!^ 103M 102>4 102>4 101 Deo'OO 108)< J'ly'OO OS 108 114M 114^ 113H 118H Bale n lie • J'ly'OO Its 180 ••••i( , a 110 63 110 Deo'OO • ••• i • ••*»•« 106^ 108 119 ..... MTANJ i t • • •***•• •••«• **••• ••«•' 108 116V4 114>4 10994 118H 111J4 11494 100 11194 IIOMIIOH lie ISl J ' 103 96 -J 105k Dee '00 ISO • «••• •IttiOlnABtL. r Su Mo Pao 1089< 110 4)4s....l917 . 105 108)4 105^ Apr'89 110 Oct.'00 •• and asked • • •• this week. 126 Series A us MoKeesAY. S<« N YCen 90 1916 J-J AF 1st g5s *lttsShALBlstgSs..l940 A-O lie litoonsolgold 6s 1943 nttsAWest Istg4s...iei7 JPM A . . Due Jan. * Dae July. IDneJune. 7 165 J.J J-J 98)4 8ala 09 00 . I Dae May. 1 Sale 93 IM 170 IS ifi SO as Dec'OO 100)4 106 J'ly '00 10894 Jan.'01 216 106 10494 105)4 Deo'OO 70 888 71 7C»4 Deo'OO 13194 NoT'iO 132 130 117 108 8894 J'ly "99 May'OO J'ly '00 Deo'OO Apr'OO lOSMnex 101 106)« 68T4 "JiH 65)4 70a 181)4 ISSH iao" 116)4 97)4 106 8894 8814 118 180 11794 Deo'OO 05 75 107 lOS 109 Jan.'Ol Jan.'Ol 110 ise 188 07H 07H 184*' Deo'OC 114)4 18194 90)4 100 107 US xCi" NoV'oo 089< 109 90 60 17 ICO 104 Jan.'01 101 114)4 116 102 134 Deo'OO 110 08)4 71 104)4 lis 108 lul lOi 101 Oct.'00 niuii7H iiiSno NOT'98 Deo'OO I's'i" i'a'i" 103)4 Mar'OO 181 Oot.'00 108 lOSW 117)4 ISl loa 101)4108 33 116 NoT'Oo ••••*• 11694 11694 115)4 Jan.'Ol 131 108 •••** •»«l 114 11794 USMlltM NOT'98 Apr'OO 99 Deo'OO 13794 Deo'OO 13794 NoT'OO 113 109 106)4 100 99 10194 136 139)4 135)4 1S7M 131 J'ly '00 184 Mar'07 •!«•• •»••*• ..,.i tittii ••***• 108 109 118)4 Deo'OO 11394 Mar'OO 118)4 ..... •«••%• ..... •••••• ioa"" NoV''o7 117 Mar'OO U7 117 sa ju.'oo aa as 138)4 Deo'OO 101 Oct.'00 ISO 98 188)4 101 NOT'07 181 KOT'08 90 J'ne'Oe 03 88 J'ly '00 118M1I«M Jan.'00 .(* 94)4 656 oonsboutivb pagbs).— r.^i., BLEG., Electric Companlee. Bid. Ask. 8t 06)4 87M 88 NoT'OO 09 99)4 8874 Sep.'OO ••* 9994 101 00)4 101)4 OoU'OO Deo'OO Doe Nov. a These are 46 MM 101 8S 88W option sale*. FERRY Ferry Ce'"ea"te». Bid. do Ai k General Bleotrlo Co— N Y Stook Hxoh Ferry Companlee. ao 18 Brooklyn Ferry-Btoo> .. Do pref.— Sm Boston L 1st. NYABlstSslill.JAJ 113 lis ••« Hartford (Ct) BleoLtCo. 175 18 Con 6s'4e-SM Stock Bx lUt. 17 Mo Bdlion Bleotrlo no 50 MetroDolltan Ferry—Ss.. 108 Do preferred 49 .... N f A N J FerrTNarragan. (ProT)BICo.50 t 09 JAJ 106)4 107 1st 5s 1946 Rhode Island Blec ProCo. 110 71 84 N Y A B R Ferry— Stock. 60 aa Dnlted Kleotric of N J 08 ( tS 1083. MAN 78 lit 5s 4l 1929 76 81 80 United Bleo iitAP Co p'ref SMBal toUit N Y A H iboken— Stook. ns Hobry 'ft 6s.'«eMAN nil 4)44 1089— Sm Balto U St. JAD I 94M 0S Oon. Di 1946 Woonsooket (R I) Bl Co.. lAnd Interest. tPrlce per share. 1 1 SO Jan.'Ol 116)4 8794 100)4 100)t • • * WayneBlecOo 6s^ 110 139 180 130 107)4 OOU'08 Co oertfi IISHIIBH *ltU Y A Ashlstoon6il937. aaadlng Oo gen g 4s.. .1997 BegUtered 131 1007 138K 18694 ISOM Unsselaer A !^ar. Sm D A H. tl«h A Dan. 8$$ Soath By. 1939 J.J Rio Gr West 1st g 4s. 108 no CtahCent lit gag 4s.l917lA-Ot Conjol Blectrlo Storage. • ••• 14 Bddy Hleotrlc Mfg Co..a5 t Bdlion HI III Co NY— N Y Stock Bxoh Bdlion Bl III Co Brk— N Y Stook Bzoh 11 BdUon Ore Milling Co.... 8 Fort Bt L. *lttsP Bid. Ask. Teleg. dk Teleyh. Teleg Telep A Cable— Sm PhUa lUt. West'n Dnion Teleg— N Y atook Hzoh Bleotro- Pneumatic Trans Deo'OO Deo'OO 1094 188 13894 3194 100 0794 Pitts 128 (Given at foot of Electric Comyanlea. Allegheny Oo Light Co... Brush Bleotrlo Co A . 10* 118 101 137 lOOfi lOS • • • • I i 85 101 c nttiCleTATollitg8s..l038 A-O nttsPtWACh. SssPennOo. 1922 J-J mts Jnno 1st g 6s 101W104S •IttsA L Brie— 8dgSs .1928 A-Ot 104W 127^ 187^ 191^ I27« 107 107J4 101)4 NOT'9i3 Sm PennOa Bm Penn Co. ISO ••** 119^181 " Jan.'00 114 185)4 J'ly '99 SmCANW ' 137HNoT'00 l87H8ale: 1S7H Bosto nllst. ton lU t. 181 184 Telephone.... 17* 178 1080 MAN 111)4 114 PselflcA Atlantic 77 88 ProTtdenoe Telephone. 98)4 •» Boathem A AUantlo. 99 108 llOH Jan.'01 13794 Jan.'01 18 IK Baler ISl Ask. 180 100 ISO 118 00 08 98 97 (•««t ••t«»i !••* • •••••< 108 4 114 Jan.'00 • 106M 107M Feb '00 1149^ 184 Sale . OUTSIDE SECURITIES Intematlon Ooean...,,.., Mexloan Telegraph Mexican Telephone— Sm Kew Bng Telep.— Sm Bos northwestern Teleuraph. ••***• •••*i* •••**• * ••»•• J'ly '98 180X 1 'ine Creek res gnar 61. 1032 price Friday; these are latest bid Hadson RlTer Telephone 116 98 16 95 94 108 llSHMay'OO OiWeABSd gnK6s..l915 F-AI BWAOTRlstgngSs.lS M-N UUea A Blk RlTKO g 4s. '22 J-J 95>4 5 106y4 NoT'OO RW AOgoon litext5s.'22 A-O* Bid. 148 108i<Deo'97 lie Deo'OO 105 J-D M-N M-N A-O 117 90 ••**• ••••* 101 10894 109M 109<,4 lOH Mar'OO M 1931 1040 J 1940 J -J 110 101H108K nOH Deo'OO "3 noH iioi* ....?. Bale A-O 104K M-N 10094 J -J J-J M-8 A-O 181 A-O M-N aengag4Msier'iA.1943 J -J 12194 1942 A-O 13294 Series B Series C 3!^s 1948 M-N rleAPlttgng 3^1 B.1940 J-J •*••*• t**«*i 1940 J-J SerleiC •*••• *•••• NACBdReRengng4W|s.'45 J-J •»**•• •*t*tt P O O A Bt L conga g 4i<s— BerleiA. 1940 A-O 1942 A-0 Series Bgnar 1943 M-N Series Ogaar Berlei D 4s gaar 1945 M-N Series B gaar SUs ..1949 F-A Pitts Ft W A O lit 7j. 1912 J -J •u fll* ee*e*»iee*««c*«elVl« J-J *••*•( a****! VQ • B •eeeseeeeeeeeesealvl'O A-0* ;••••• •**••• PuuiRRlit real es g 4i.l933 M-N •••*•• I***)* Ooniterllngg Ss 1005 J-J Oon onrrency 6i rcg...l90S g-Mn *•*••• ••***• Gong 5t 1019 M-8 ••i**t i***** RegUtered 1919 !*•••• a***** Cong 4i 1943 M-N GrRAI exist gaB«^s.l941 J-J ••••*• •••••• 01 A Mar 1st ga g 4Ws. 1935 M-N •**••• ••••** DRRRABge Istgn 4sR.'36 F-A »*•••• ti**i AUeghyBlgengagls.1943 M-8 SanALewUlstg 4s.. 1936 J-J UNJRRAOangen4i.l944 M-8 116 'eniaeolaAAt. SmL A Naih Peoria Deo & BraniT— >d g Si tr reo lit pd... .1036 M-n i>eo ABast. Sm O A Bt L 133 138 i>eoAPekUnlitg6i...l03l Feb., 1031 Sdg4M 08)4 ••*•*• ••*•• 107X 107 1910 4>4s 1921 1921 Gtd3v4sooltrastreg.ie37 BtL A P Istoong 6S.1932 1932 Registered OlerAPlttsoons f 7s. 1900 102M 108 105 107M « i Bonds NOT'OO 1 KAAaRlstgo5s.l938 J-J MahonO'lRR 1st 51.1934 J-J •••••a PlttsMcEAY— litga0s.'32 J-J 140 1034 J-J 181 tdgnar 6s MoKeeAB Ylstgas.'lS J-J •»•••• Mloh Cent— 1st oon 7sI902 M-N 106M 1902 M-N 101>4 1st oon 5s 1909 M-8 es 1931 M-S 127« 5s *•!•«. Jt Tele»li. Gold ABtook 110 109M it»t** •*•• ••••*• ••••• •••••« ••••• te**** ••*••• «••••* •••** •••**t *•*•«* »•••• •••*<• '•••*• e*e*** NT J-D A-0 PaeCoaitCo— lit g6i.l946 J-D 108M 118 108^111 108 lllM 15 18594 106)4 108 185 188 114 iia 100 . 6fsQbsldyg6s Penn Oo— On 1st g RegUtered 1 . Istgn g 3s. '89 N Y A Harlem g B^s 8000 Beglitered 8000 ANorth lstgBs..I927 1U6H M-N 108« M-N 102J< K-A »'•% 98H 98 98 F-A 05H 97 97 F-A 9619 97K 97M F-A 97 Jan.'Ol J-J lOOM 109^ Ang'OO J-J 06 J'ne'98 J-J 117 J-J J-D «*•*•• •••**• WestBtaore 1st is gn. 2361 J -J 8361 J -J Beglitered Lake Shore oon Sd 7i 1003 J-D 1003 J-D Beglitered.. 1997 J-D Ocld SMi BegliUred 1097 J-D Gin* 8 litgLBAM B7i'0 A-0 Set Mon A Tollst 7sl906 F-A . . • » »••«• ei**! Ang'OO 108), 10694 197 ••*•• 107 185)4 Deo'OO •• 186 M-N no M-N 133 A-O 126K F-A 18294 A-O 100 A-O ••••*• A-O •«•••* J -J '106 M-N »***tt General gold 6i...,....ie37 1901 Um AStL lstg4s Ore A Oal. Sm Bo Pao Oo. 136 13094 Nav Ry & See Un Pao Ore 100)< IOOh 90 104H110H Ore BR & NaT See Dn Pao Ore Short Line See Vn Pao •• *••*•• 109H 108^4 108M 10694 Deo'OO I07U 198« . \om 106« 107 loa>4 108!4 . KY M-8' M-Sl CAT A.-01 1998 Mloh Oent ooll g 3Hs..l998 1998 Registered Beeoh Ork lit go g 4s. 1036 1936 Registered 1936 Sdgngold Si 1936 Registered ii.l981 Cart A Ad 1st gn g Clearfield Bltnm Goal Corp Istsf Intgng 4sserA.'40 J -J Bmall bonds series B. .'40 J -J OonT&iDswe Istgn gSs.'43 J-D Moh A Mai lit ga g 4s. 1091 M-S N J Jnno R gn 1st 4s 1086 F-A 1086 F-A Beglitered Beglitered O A Bt 1905 J -J 190S J -J 1st es L I. Debtoertsextg 4i....ie05 Beglitered . 1996 •**••• "93" "94' 1996 ••«*>i Is gng5i....l022 O lOeM 107M Solo VAN B Istgng4s.ie89 f*e*tt 112K 11554 North lUlnoU. SmOSiANW 66 108 .'^orthOhlo. SMLBrleAW 114M Northern Paolflo— 100 118 808 76 Prior Hen r A 1 g g 4*. .1097 Q-J 10494 Bale 88 1997 .)-J Registered <•••** ••*••< 70 Bale 8047 'i-Ft General lien g 8s •*« ••••• RegUtered ...,,..,..8047 '^Ft «*ee** ••*•• P A N P gen g 61. .1938 F-A 130 UOXllOM BtReglitered 1923 Q-F otf s ••*••• •»«• Paul A Dal lit Si.. .1931 F-A 13S Bt ••*••• •••• 1917 A-O 114i< ... 3d Si lltoog 41 1968 J-D 102)4 104 i'2'6" iso" 90 .... Wash Cent 1st g 4s. 1948 I8OK 126 Ter Oo 1st es.l933 30 Nor Pao g SIH 88 Oal. Pao. Nor By Sm So. llfi in8i< Nor Wis. SMOStPMAO. Nor A Mont. SiiN.T.Oent. Deo '99 Low. High 104)4 108M A$k. Cow. High. 108)4 Sale NHADerbyoon6s...l91B M-N 118« aoof Missouri. . 4i '99 Year. 1900. Laat8€Ue. i04V4Oet.'97 Oonrert deb oerti #1,000 ASmall oertlillOO Honsatonlo B oon g 6s.l937 M- M Panama Istifg 1903 J -J 1897 J-J Bieglstered. ...,,,.... 1 997 J-J Debenture Ssof .1884-1004 M-8 Beglitered .... 1884-1904 M-8 Beg deb Ss of . 1889-1 004 M-8 Debentare g4i.. 1890-1905 J-D 1800-1906 J-D Registered Beglitered 112 Deo Ban§t Brie. Registered Small •*•*• 111 Ist7s..l903 J -J Beglitered UlJ< r*** Registered . 13091 Deo'OO lOOH J'ly'OO •lll)i 118 118 Bale Week's Range or NYANB. Sm N7NHAH IndAW. SMOOOAStL. RlrerRR 1st g Sil03e aShi* No J'ly '00 88 llOH 110 1917 J-J liteiTAPb Hash Flor * Bhet. SuhAti SmNTNU&U NewH&D. N J Juno BR. 8*1 N T Oent. Bat 20^ 1 Bale 138^ POo. 8des A-O A-O lit g 41.1937 hlo Morris ABssex. S««DelL&W Lake Shore YOhle A BtL M & M. Mont Cent. Su Bkln & 86M iioMJ'iy'oo Mob Jack & K C 1st g 58.1946 Mob & Ohio new gold es..'37 J-D NY Jan.'01 118)i Deo'OO Mob &Blnn prlorlleng 5s.'4S J-J 1945 1945 06X Price Pnday. Jan 18. Bid. « Regis f 5,000 only... 1992 e7W 100 Y A Put. Sm N Y O A U. 99H N 98M NYARB. SMLonglil. 88 88 76 87 N Y 8 A W. B44 Brie. N Y Tex A M. St« Bo Pao Oo. 109 Jan.'01 iba"' 108 nSH 1I5K 10 113 II6K Nor ASonth Istg 5s.... 1941 11 A West— Oen g 61.1931 120 180H 114H181K Norf NewBlTerlstg6s....l93B 103^ 193 94 108M 102 ImprrmtAezt g 6s.. .1934 N A By Istoong 4i. 1096 103K 104)i "b9 06" ibi" 192U Registered Terd V I* W lstgBs..'26 [«-8 MlssRlTBdge. SMOblo&Alt Mortgage gold 4s Bmal) 57 Bep.'OO 113 A-0 lUMSale A-O 113 J -J 85M Bale J-J OenoonryAldgrtgSi'Sl QenooD itHmp iitd g St 3 1929 Unlf ft ref g4s lef 127 3. Jan. 18. W Pm Moant— i'i'A 97 107 102^ 17 97 X 78>4 850 76 llSHSale U 148M 128H 123M 134^ lllH *t**** •••*•• ••*•• ••••!« •••••I *i**e* 'Vejissae* gale Sale High • tie*** ••••( 120 WasK Endino LovB. 98 108 98M 98H 1920 M-N Istoong 6s 1917 M-8t Trusts 1917 M-Bt Registered 1920 KIstoollgc'-dS 1930 F-A Registered lieroTAOY AL IstgSs'Se J-J R of Mo Istezg 4f .'38 F. A Sd extended gold Ss 1 938 J-J 08 Fa&b (6 pages) N.T.BTOCK EXCHANGE 1900. M . BONDS. Year Jan.'Ol 88 prices Range or Lati Sale. Aik. Low, High. 146« 149 Mar'OO !80 IM 183 183 Deo'OO 1851a 180 NOT'OO 184^ PMlflo 1st gold 01.1921 A-0 19S1 M-N 1ft ooni gold 5s 1st and refand. 4i....l949 lU-S MIn * Bt L 8n. Sm B O K & N * P 1st 6s it is int ga..'36 J -J MBSMAAlstg 4sliitKa.'2e J -J II8tPftBSMoonglslBtgn-38 Mtnn Do. Am St P M A M. Week's Range Bid. . & Iron . THE CHRONICLE —bond 19, 1901.] Bt lionls » I . . 1 ! AJ8J . THE CHRONICLE -BOND 128 Price Friday, Jan. Is. BONDS. 11 W.T.BTOOK EXOHAITOE WiBK Khdinq Jan. 18 Bid. BloQrJnno lit gag Guaranteed Boon a J- J-J SeeBRSi P. Borne Wat. A og S«( N Y Cent. SaULakeClitgi(6i. .1913 tJo&QIlitg 3-4S...1947 St L A Oal. Sm Mob A Ohio. Bt L & Iron Mount. See M P. L K O & N. 8m Wabash. Ii M Br. St* T RH A of Stl. St Lonli & San FrauoUoo— Range Year Latt Sale. 1900. I -,1 90)4 90 £0 98 Series F 61 ,. Oen 61 Otd itampod. Weit N 1933 J-J J J-J 11(5)4 102)4 104 • • • • Beglitered 1937 lit gnar gold 6i 1937 Beglitered 1987 WIU & B F litg St. ...1938 Baglttared 1938 Bt P & Nor Pao. Sm N or Pao t J-J J-J 116N J-J ••« tt "98)4 98M 100 9054 95 J-D J-D 104 . gF4NP lit 8fKe:...i9iw J arFA W litoon g6t.l934 A-O S3M 75 litgSi 1934 8t John't DlT lit g 4S..1934 A-O J-J M-N 92 * AlaMld letRUR S8...192S Brnns & W 1st, gag 4s. 1938 J -J 811 S Oca Ji O gn g 4s 1918 J -J Boloto Val & N H. 8m Nor & W Seab&BoalitOi 193« 112^117)4 115^ 115>4 "3J^ 1171^ iai>,t 102)4 lOS Jan.'«w Jan.'Ol ibs" 109)4 I 133 Apr'97 Deo '00 190 Apr '99 * • 128 • 1 } 138 29)4 136)4 iieii i i8Ji •t«e •••••• Jan.'01 108J4 106)4 118 87 13S)4 126)4 94)4 "94)4 100 t7 10 -•%•.«! |||«, 8854 ••••• ••••• Gold 4i Cent Pao coi..l949 J-Dt eSU Sale KaMstered.,, ...,1849 J-Dt J-J 99^ Bale 5i... 1941 lOC^ Bale CPaCllt re(RaK4B...1949 FBegistered 1 949 F- A 86 99 J-Dt •"83J< "si' 78H A-O *109H A-O •109H A-O 'lilH A-O •UO M-N !• and asked Ask. 78 86 lit mort 58 1919.. .JAD J105 108 Colon Ferry— Stock 82)4 »• lit Si 1930 MAN i 04 95 BIO. Ititn • Mlacellaneons. Aeker.Mer 4 Con 61 1 90S 100 108 Amalg. Copper— Se< Stock Bich. list. MAS 68 97 21 99t4 80J4 B'^'U J-D 116 00 116 116 St., A-O J-D A-O J-J 193,0 M lit gn g 4i. ..199C litgold 4i.l917 S**1'^"°A^ TStLAKO lttgettr.1916 J-1) Oot.'99 Jan.'99 ...... ,fltiia •#••• t.,*,, ••••• 118)4 119)4 Dec '00 113)4 Dec 00 91)4 Sep.'OO 100 108 87 lie NoT'OO 114K 110 117 J'ly'OO 117 117 118)4 llOM 111 111 118U 01)4 11254 J'iie'99 llf)4 Jan.'01 111 Jan.'00 , 10474 Oct.'00 115)4 11654 07' 92 ea 116)4 116!4 U5 8a1e 106 Deo'OO P5 97 8654. 865* Bale 85 •••« 104T4 lOi 20 110)4 117 5 67 90 30 106 118)4 10 105 lis 95 100)4 14 84)4 98 6 78 86 no 180X 130)4 J'ne'OO 9754 100 98)i Jan.'01 litogSt. 1938 J-D 107 103 1&7 Jaii.'Ol 107)4 219 108 106 10114 105)4 Bale 105)4 J-J i''J'^*>~?^*'88*»1847 Beglttered 1C6)4 NoT'OO losa ..,1947 J-J }??« OreBl^NaTltttf g 6il909 J-J 118 111 .... Deo'OO Ore BBANar oon g 4i.l046 J-I> 1 100)4 104T4 103)4 108)4 103V4 Ore ShortLlne lit g 611022 F-A 129)4 130 129)4 18V54 15 12654 180 OraBh litoon g6t. 1946 J -J 115)4 Sale 115>» II6J4 17 llOH 118)4 Non-onm Ino A (ft. . .1946 Sep.* 106 Deo'OO loe 108 Utah A Nor lit 7i Jan.'Ol 10O8 J-J 117 • • •« Sold Si Oct.'00 102)4 103)4 1926 J-J • • • • • 102)4 Tor Ham 4 Buff 1st g 4s. 1 946 liter i 98 J-D* A Del 90 no L— no DnlNJRBAOOo. «»«Pi5Ki' Utah Central. Btt Bio Q TV atah A North. Sm Un Pac. UtloaABlaokB. 8««NT0eni Val Ind AW. Sm Mo P. Ver irglniaMid. Sm Booth Ry. Wabash litg 61 1939 M-^ 11854 Bale 108)4 Bale F-A J-J J-J lttg5tDetAOhHxt..l94i J-J DesMoinDlT I8tg4s.l93ti J -.' BtChaiBrldge Iitg6i.l908 A-O Warren BR. 8«« Del L A W MTash Cent isee Nor Pao Wash OA W. S«« Bonthem WeitNYAPa lit g6t. 1937 J -.. Genga 4i 1943 A-r 3d gold 5t 198'd Debenture itrlM A... .1939 Sonet B. 1939 118)4 1G8)4 78 113 109 97 4154 Sa^e 110 110 95 111 109)4 118)4 98)4 108)4 99)4 2954 «*N 83 Jani.'01 108 Jan.'01 08 91 109)4 118 May'OO 120 Jan.'01 9554 95)4 33>« Sep.'OU n 118 Jan.'9y Bale 116)4 1 6M 1115* 112)4 11154 1C8 Sep.'OO 1!3 20 131 1943 Nof St.... April, 11854 14 Jan.'01 44'^ 2171 41)4 9S Weit No Car. Bm Sontb Rr. Weit Shore. Sm N T Cenu' 110 68)4 11>M 188 »m 3SH 86 110)i 106)t 97)4 10354 110 106 1S4 NoT'99 120)t Feb '00 120)4 i'sOM Bale 113 Jan.'01 '.01)4 Deo'oo 79 98)4 73 111 1U9 lliU 65 IIOH 112 11754 119 106)4 107 104)4 109H 116 116)4 J'ly'OO NoT'OO .i -J 8554 Bale BklynBapTrges 1945 A-O 1C8 AtlAv Bklynlmp g5Bl934 J -J BkCltylstoon 5s.l916.'41 J -J 111 BkQCoASoongngSs. M-N K-A F-A J-D A-O .'41 Bklyn tTn Kl let g 4-681960 Kings Co HI l8tK4i..l949 City 4 B Ry Rait Istg 61 1922 Oen Con Tr Co litg 61. .1938 Den Tram Co oon g 6i.l910 J 86 75 108 108 lOBH 73 IISH 144 Ang'OO NoT'OO 112M ATlg'97 94^ Deo'OO 116 11454119 114 130)4 108)4118 115 Dec '00 118)4 118)4 119)4185)4 118 134 110 186 101 lOlVi 104 109)4 109 109 110 this week, t Bonds due Aug. * (Givbk at foot of Mlacellaneoiis. Par. American Bridge Co-Com Preferred American Chicle Co Preferred Amer Oraphoptaone. ... 10 Preferred 10 Amer Hide ALeathar.... Preierred 6s, 1019 MAS Amer Mntosoope Bid. Amer Sheet Steel . 82 79 89)4 9lH 8a 1P)4 lOH im 10)4 37 8054 I'H 65 360 1800 t Ask 4 54 , Press Assoc'n. 100 American Screw 7 48)4 91 9)4 t Dae 89 90)4 30 80 203 84 f5)4 86)4 199 88 6 100 no 100 69 Bale Bale 99)4 89 01 122 99)4 100)t 96 J'ne'OO 109 Mar'9e 113 90 116 104 91 100 83)4 90 06 »•«•» HUH Deo'OO U9M 118)4 J22H 138 180 iab)4 Jan.'01 128 188)4 ioo" 96)4 i'cd)4 90 116 94 SmPOAOOo. 9154 Oot.'98 117)4 117)4187 17 118)4 118 96 96 93 06 Jan.'01 90)4 HOT'OO Se«NTG AHLHAP g!qOasLNYlstoong6s..'32 M-8 120 BIq O 4 Fuel. 8«« P O 4 C Co aas 4Bleo BergCo oon g 6s' 4 9 JOen Bleo Co deb g 5s. 1932 JOr Rap G L Co 1st g 5i. 1916 F-A K C Mo Gas Oo Ist B 5i. 1932 A-O . . 116M118M 10254 NOT'OO Jan.'Ol 10754 Deo'OO 10854 llOM 118 les 10754 107M Due Not. o These are option saloe. 7AQm).—FBRRF & MISGELU8. oonsboutivb MlsceUaneoue. Par. Amer Sheet Steal ref.. . i 1 00 A.mer Bhipbnilding ....100 Preferred 100 Com. Fonn— \.m Sods 100 1 Bt preferred 100 8d preferred 50 imerloan Surety 3trawboard....l00 Amer . Bonds 6s i 100 118)4 6ep.'00 1E6 . Due Match. T Due Jan. 116 Dao'97 ;i7jfi 11654 Det Gat Oo oon litg 5t.. 1018 Hd En 111 Bkn. Bu K Co BLAP | 111 88 D8. Detroit Olty Gat g 6t. . . . 1 083 BlIU. ••«f| 122)4 1?4)4 124)4 12454 124)4 109)4 Deo'OO Bl (Ohio) lit g8l....l046 A-t» 07)4 116)4188)4 118)4188)4 1?2 182)4 1^25^ Jan.'01 106 Oot.'99 109 Oot.'99 ni>^ *118)4 11454 i:2)4 J - J J - J <t July. "'1 111 11 ina)i 10054 147 90H 61 KyAL30-yrg 51.1926 f-A •108% Ry litoon g 5t. 1919 J -J *110 118 !<lnc et Con Gat Co. 91)4 108 Jan.'9v< -.1 -.1 M-» L«xATAPFlttffng5t.'98 M-8 Beglttered,., M-8 HetWSBl(Chlo)litg.4i.l938 F-A Registered. 1938 F-A 411 ill 1C9)4 199S Beglttered Ed Not' 00 NoT'OO 138 90)i 111 103 102 J-J 101 106)4 WCfaloSt40-yrlitenr6i.'38 M-N 40-year oon g 61 1036 M-N 106 114H GAS A BliBOTBIO LIGHT BON 10754 10854 108 109)i AUanU G L Oo lit g 6t.l047 J-D BoiUGattrotfit fg6i..'39 J-J Bklyn D Gat lit oongSi..'46 M-N CbOLACOo. SmPOAOOo 9iH 9SM GolnmbniGat IttgSL.lOSS J-J Jan.'00 110 9914 11 4» 98)4 108 90 10854 Vet By Oo lit gn g 6t.l91 J LonliBrOolitOong6i.l930 J-J Market BtO By lit g 6i.l01S J -.1 tr g St. 1 907 F-A 12154 12?)4 vfat Bt Bt gen BwayftYthATlitog 5i.l043 J-1) I>l25t Beglitered,,, 1048 J-I> 125 OclA9thATlitgn g5i.l088 M-8 Cn 106)iNoT'97 107 D8. PanlOlty Cab. og St. 1037 Qnaranteedgold St... 1937 114)4114)4 Third At 1st gold St. ... 1037 Ang'OO 114^ Deo '00 10454 111T4 815* 114)4 110 11054 11054 101)4 J'ly'OO 109)4 Deo'OO 107H Jan.'01 Amer 6 78 110 107 1 5 M STBEKT RAILWAY BON 104H 100 100 -J WUketABatt. Sm Brie SmCANW 110 55 J 1015< Wtl A Blonx F. Sm St P A lU 99>* Winona A Bt P. 88)4 WltCent50-yr lstgen48..'49 110)4 NoT'OO 88>» Jan.'Ol 185 184 183 124 OUTSIDE SECURITIES 84 73 *•••• ••••» Wheel'g A L B lit g St .1926 A-O 116)4 Wheel DlT lit gold 6i.l038 J-J lU Bxten A Imp gold 6i. .1030 K111 8554 1st con 4a 9; 54 1949 M-S 1C9 114 10954113 81 87 113)4 I t Jan.'01 115 119 118 ... . Preferred. Bonds Si 110 116 J-J 118X J-J •••••a M-N RI-8 Beglitered 1B38 M-8 Qa Pao Br litg as... .1932 J-J •»••«• i:nor A Ohio lit g 6i 1936 J-J Bleb A Dan oon g6i. .1915 J-J qnlpilnkmndg 5I.1B09 M- Si DebSi itampad 1037 A-O * Bo Oar A Ga lit g St.. 1019 M-N Amer Bank Note Co... 50 Amer Bicycle—Com,,,,,, 91 107)4 Jan.'01 OolAGreenT lit S-6i.l916 T Va A Oa DlTg 6l. 1930 Oon lit gSt 1966 B Tan reor Hen g 4-6t.l938 B oston 9454 Maj'OO Ang'OO 100)^ Jan.'Ol Jan.'01 119 107 BablnedlT lit g6t.. 1913 MCon gS 1943 J-J lOS Sale eovthera— titoon g St. 1994 j - j 112Hsale Beglitered 1994 JMem DlT litg 4-4M-6tl996 J-J Beglitered 1996 J-J Ala Oen B lit g 61. ... 1918 J - J 109H Atl4 DanT lit g 48. 1^48 J-J 92 03)4 AtlATad litg gn 4i.l949 A-O Am Agrlonl Chem— 8e« 44 110« Ang'OO 1U54 Nov'OO M-N • 8351 110 106 ion irs 106 78 111 109 Sale CPaoof NMezlttgBi.'ll J -J BPCoait Iitgag4i..l937 J-J Tax AN llt7t 1905 F- ferry Com»ante». 4 23d Sti Ferry..... ••e«e« . BAAAPaiilitgng4t.'43 J-J BoPof Argn litg8s.'09-10 J -Ji; latest bid ICl!^ 83>» 1930 No price Friday; 99H 99% J'ne'OO A-O J -J NTT4Mexgnlttg4t.'12 A-O NocfCal lit gug6i... 1907 J-J Guaranteed gold 5s.. 1938 A-O Ore A Oal 1st gtd g St. 1937 J - J * 76)4 NoT'9H 10054 Morgan'iLa4Tlit7il918 litoongaar g St.. 1937 Stamped 1906-37 8i'A 453 8S)< Registered 19S9 J-Dt Gal Har4B A litg 61.1910 ¥Sdg7i 190S J-U 107!< 109 Mex& Pao lstg....5s'3l tH-N 100 Sale QUaV04Nl8tgag5sl934 M-N iViH 106 HonsK&WTlstg Ss.lBSS HI-N Ittgng 5i 1933 lYI-N 101 H4TO litg Sstnt gn.l9»7 J-J no Cong6ttntgtd 1912 A-O 110 85 aeng4i Intgtd 1931 A-O Cal 1st g6i.. 1900 lit gold 68ierB..1905 lit gold 6i 1906 lit gold 6i 1912 103 109 WVaAPltU. SmBAO. A4NW lit gag BPol General gold 1935 Si.... W VaOentAP lit g6i. 1911 Bonthem Paolflo Oo— lltg6i.... litg Inoome 104MFal>.'98 BlIBOca&Q Sm SarF&W Bod Bay 4 Bo lit g 5i... 1924 J-J Bo Gar 4 Oa. See Soathern. 35?Si....l939 106 85 • • • * Car Cent lit oon g 4t. 1949 Sher 8hr 4 So. 8e» W K 4 T Mortguarg 112 ,,,,,, •••••I •••••I ••»«, • Apr '00 J'ne'OO 126)4 Jan-'OO 123 Deo'9fl 94)4 Deo 00 108 Jan.'01 94 3000 Kan A 116)4 181 137 143)4 113 124J4 .,,,. ..... i Ino. 6i. Deo.. .800(1 Mob. 9654 ^?i.*9°-.^**,«°« 1835 J -J WeifndlT 85 Jan.'01 116 118 104 Aik Low, High No. Low. High' arAofStLlttg 4)4i,'39 A-t 114)4 lit oon gold St. 1894-194 F-A 116 8tLMBgeTergug5t.l930 A-O Tex AN O. a*$ 80 Pao Co. TexAP By BdlT litg 61.1905 M-8 100 litgold 5a tP AB'zOltr.SMOStPMAO BlePrei APh litgSi.1942 iAAAP. 5MSoPa«.Oo. Tear 1900. 90 J-D Ran0» Latt Bale. Sjra Blng A N F. Sm DLAW , ebo 4 rt. See M K & T 3d gold •• •«! • L A N. lxjii Jan.. 18. Week'i « 79 IISM NoT'OO Dakota ezt gold 6t.... 1910 M-N 119 11954 Mont Bxt lit gold 4I..19S7 J-D 108« Sale 108J4 Bagittered 1937 J -I) 104 BMlltdlTlltgSl.,.1908 A-O lOS llOM 109 BagUtered 1908 A-O NordlT lit g4i.... 1948 A-O Beglitered 1948 A-O •aaffl ••••• Minn Union lit g St.. .1932 J-J 128 MoDtO lit gng6i.... 1987 J-J • 138 1 1105i 118)^ |P°A*>y'*,^<" l»t? 8i.l93i' ' 0)4 11.')4 Stat III By litgn g 4)4t.l948 8unb A Lew-SM Penn BR. 12154 130 13714 Feb '99 114« Jan.'Ol -J 115 . '. lit oon g 81. 1914 SAN Ala. Sm . B«gitt«red M-N .n-N F-A J-J J-J 1936 . . . i [Vol. Range or R*d. .1931 BI-S .1926 M-8 .1936 M-S .1931 M-8 4. Price Friday, A 61.19O6 M-S .1911 M-S .1916 M-S 936 „ WOAWlitoygu4t.l93<! 106 Page Jan. 18 Small . . . 1933 5-8 Series B 63 Series C 6s.,, Series D4-5t. Series E 5t... • • • t 81 M-N Il8k 110 NOT'99 M-^ 113^ 112 J8n.'01 M-N uaji lllK Jan.'01 J-J 128 128 J-J il 3>4 Bale 113 Il3i4 •107 lit tmit gold St A-O 102)4 Oct'OO; Itt g 0t Pleroe A V-A BtL*8FRBg4i....l996 J-J 93)4 Sale 93 " Vsvi 38 Sonthw DlT lit g St. 1947 A-O 100 J'ne'OO C«nt DlT Ittg 4t. .1939 A-0 90H Dec '00 nSAVBBdglttg 61.1910 A«f««l* ••••• 106 00t.'»7 Kantat Mid 1 It g it 1 937 J-I) t L Bo. B** Illlnoli Cent. Bt L B W lit g 4i bdoft 1989 M-N 93M Sale 96)4 9eH 66 SdgitlDO bond otft.. 1989 3-:.i 7 1 sale 71 463 Oray'iPl Terlitgng5i'47 J-D Bt Pan) St Dul Se» Nor Pao et PsQl M & Man 2d 6i.l909 A-O '118 iis\t Deo '00 Itteontoigold 6t 1933 J-J MiMSale 14194 14IH 21 Beglttered BONDS. Wbbk Ending 9SM 04 92?i Jan.'Ol 190H leoe 1906 1931 1931 1987 0..1919 BtdnoedtogoldiMt 1933 (5 pages) N. Y. STOCK EXCHANGE ?.2 I>ttti. Sd gold 6i Clasi A adgoidSf oiatiB Id gold 6i OlaiiO General gold 6f General gold 5i prices Atk. Low. High. "no. Low. High Southern— (Con) 106 NoT'99 VIrglnlaMId ser 78 Deo '00 "ii" "ii' J-D 6i.l939 1940 1940 Bio Or So lit git Week'i Range or A 1 . FAA *.m Typefo'rs— Stock. 100 Bid. Ask MtaeeilaneouB. Par. Amer. Writing Paper.... Bid. Sm Car.. .,.100 100 Preferred Hergn 4BngBr lit 61... 85 115 7S 86 86 70H 40 00 7 8 13 ..,,,.. Preferred 69 6t. 8 Anthraolt* Ooal Oo t 46 55 Barney 4 170 180 84 18 83)4 101 58 Amer. Woolen- Su Stock Bxoh Amer Wringer oom...lou X1O8 xll8 Preferred.. t S 6 ' • 08)4 lilt. Sllit 4 le 71 8)4 80 103)4 Company—Com.. 50 186 187)4 186 Bond 4 Mort Onar...lOO 360 875 8054 8054 Brltlih Columbia Copper 98 108 100 Oellnlold Co iAnd Interest, r Price per ih aie. Preferred 60 J . Jan. Price Friday, Jan. 18. BONDS. H. T. STOCK EXCHANGE Webk Ending Jan. 18. Hid. rinffiCoBl L*PgBi.....'87 A-O 1 997 A-O PnrohMe mon 6i II Bkn-lftoon H 4i.'3e J -J Bd Year Latt Sale. 1900. ge^Dec'oo ne I.aoO»t-LCoof8tLlitg5»'lB O-Ft 1918 Q-F* Bmall Mnt Foel Gas Co Sw PeopGae 109M Bale 106 111 I08M loevi Bale d M-H -J 108 Ch Q-LACie ConaCoofOhlBtguK5B'36 J-D 104M Bq Q A KCh lstgnR6B."05 -J Mn Fuel QaB 1st gn g 5. 194/ M-N ibi>i Trenton () 4 Kllstg 5r.1949. [Yi-e -J Utloa E LA PlBt if g 58.1930 Weitn Ghb Co ooi tr g 5i... 33 m-N ! 110 98 96 l8.^ 9S 109« \'6^' 95M 91 6 109Wi 106M 110 1179( ISO 107 j'iy'bo 107 108« Dec '00 102^ 107 120 106 116 Jan.'01 187 Uec'9U 108^ 108^ in4« Jan.'01 '.WW OSJt Jan.'01 102 iU3 107 Dec '00 107 I07X 106H 105^ I 16 I 107 105 lOS lOa » » • 109H 109 103 lOB 107 GOAL A IRON BONDS. K" Coal Mln. S«« T C I A Cab learf BltCoal. SeeNYCAn • 1 e-A 104H Kalokloe(Chlo) l8tg5B.1928 NatatarohMfgColBtg6Bl92ij Procter A Gamb iBt g 68. .'40 Stan Rape AT iBtg 68.1946 1946 ..I!! M-N . : 80 80 45 UK 3 Pref Corbln Cabinet Lock. 100 Oorbin (P. A K.) Co.... 85 Cr mps'ShABnBldg.lOO 86 Crucible Steel Preferred • X. list 43 90 4t 00 80 80 15> 3k 85 24 81 135 . America. 6X . SB 39 2 00 aOH Boat ' 49 Preferred Mleotrlo Vehicle Preferred Bmpire State Sugar latOs 16 40 18 46 85 08 83H ,, I100>4 Umpire Steel Preferred Krie A Western Trans. 50 e 7 88 40 8H . . . ^ 100 100 60 97 Preferred 100 HftTana Commercial Preferred Hsok-Jones-J Mill-Pf.ioo lst6i 1922 MAS Her'g-nall-Mar(asBt p'd). Preferred (asst p'd) 100 Hoboken Laud A Imp't 68 120 10 45 11 46 36 90 80 10 "io 110 106 ;.. 16 BlecVeh TranB.lO M International Blevat.lOO Pump— See Stk. Bxch. Internat SUrer- See Htk. Uxah. Internat'l Do Do mter-BtateOU do do I j I 1 pref. bondB. 100 J4J John B Stetson—Com.lOO Preferred i 44 95 5 ... Iron steamboat. 68 1901 lOS 105 100 Joomeay 4 Barnham.100 Preferred 100 Lanston Monotype..., 80 Lawyers' Surety lOO Lawyers' Title Ins. ... 100 8H 45 96 116 lUU >18t. 46 100 10 « to 87H 95 lOS 19 86« "si' 72 8 24 104 71 8X 9H US 105 105 Bale • • •• 130 36' 65 76 96 160 106 • NoT'ee ••! •••• F-A 90 Ittt • J-D J -J M-8 101 Oot.'9P F«b'0 118M Dec'OO 118M lltM lOa 101 lOQii Jan.'Ol 100HOct.'00 109 I08W lOOX Oot.'99 •••fl« fitfti Ua nSMSale inw NoT'89 109 6 118K 106^ 105H Bale 66 Il« lOiii 107 109 1129^ Dec'OO 113 iailv rtcord I9ib 1918 O U ...1907 48 registered 4b coupon 48regl8tered 48 coupon 5b registered S 8 8 8 3 That art priee$ 110 U4H t Dne July i of five 8TATB BBCDRITIBS. Alabama—ClaBB A 4 to 5.1906 J-J B 1906 1906 58 4s J ClassC Currency funding 48. ..1920 Dlstof Columbia— 3-658.1924 Louisiana New con 48..1914 1 Aft 187 188 (Given at foot of ft 1 ft Virginia fund debt 2-3I.1991 Registered 68 deferred oertfe 7 Coal. 50 Preferred 11^6 t 42% 40H 41H 429i 100 16M 84H 100 Preferred Nat Euaui'g Pruferred 21 4 Stamp. lOr 17 100 80 ai Nat'l Gramophone.... 100 12 8 National Saw— Pref .inn National Salt— See Stock Bxoh. Li's'tl lOU i40 iS5 National Surety National Tube See NY Stk Jxoh. llsi. National Wall Paper. 100 65 N.B.Elec.Veh. Trans.. 10 + "SM 394 100 70 N Y Loan A Imp Biscuit 6s 1911. MAS 114H 15 New Jer Zinc A Iron.. 100 N. Y. Bl.Veh. Transp.lOO 'SM 50 B» N loholsou File Co . NY Otis aievator— Com 38 ii" Preferred Peek, Stow 4 W1100X..36 Pennsylvania Coal .... .50 50 Pitts Bess 50 Pittsburg Brewing 60 Preferred 100 Pittsburg Coal 100 Preferred mo Pitts Plate Glass 91 98 ALB 88 760 t 1 t 8C^ 31 84 84M HH Planters' Compress — Sec Bos 'n 00 Pratt A Whitu- Pref loO . 6s— See Stock Bxch. Royal Bak Pow pf Rubber Goods Mfg m\i 1st. JQ 8i7H Ist 28 78 63 95 89 80 67 180 18S 94 Preferred RuBBell A Brwiu. 25 Safety Car neat A Lt.100 45 27 a7j4 869« 88»» 161 163 SeaooaBt Packing Co Preferred 177 81nimon« H'rdw-Com.lOO 167 ISO 100 145 Preferred 160 8d preferred ...100 146 876 Singer Mfg Co 100 SSO Standard Oil of N J..100 795 800 Stand Und'rg'd Cable. 100 ai4 lisl. BlOBS-Sheffleld- Su Stock Bxch Southern Cotton Oil.. .60 t &3 BtandardCoupler.oom.i 86 40 Preferred 185 . KT 68'13A40 2d 58 1926 J4J Btliiw-Bieroe 4 8m- V. 100 Storage Power 100 Swift A Co lil iBt lOH icSH Ist 5b 1910-1914.. .JAJ ilOO i Dae April. I 38X lUH doUan MIsoellaneoue. Par. Trenton Pott— eref.. 100 Trow Directory-New. lot Cnitn Copper ,,,,, Union Steel 4 Chain..,,,, >03>« loiH 130 Bnsq Coal 6s 1911. ...J4J '13 Texas A Paclflo Coal. 100 io-« now 1st 6s 1908 AAO «101^ 196' Title Guar 4 Tru8t,,.100 476 Trenton Pott—Com.. 100 8 7 A-O llfiH 110 96 J-J J-J J-J Sale OeH Sale "Vw; 8 BiQ. Ast 65 60 60 60 4«r 4 ., Signal. 50 t 73 75 115 116 3d preferred Bid. .\»k.. otati on$. 485 Am Bxch.... 197 Astor 300 Bowery* 300 Broadway.... taiS Butoh'B4Dr.. 100 Central 174 Cbase 510 Chatham .... 502 Cliemtoal 4000 ti60 CltlEens' City 635 Colonial*.... 275 Columbia*... 800 41H Bank* Bid. Qu OtaMo Moms*.. 195 Mutual* Nassau* 60 ISO New -^75 Amst.*.. .New York Co. N Y Nat Bx.. New York.... 128 Feb.'98 120 96 94 Mar'OO 184 19th Ward*.. 100 90 Ninth North Amer. 1:00 310 Oriental* -.70 4100 Paclflc* ISI 548 Park .... 185 465 Peoples'* .... itepublio .... 225 Riverside*... ^10 DomeB. Bxch .196' 103 140 1 1th Wurd*. 150 190 Fi.'elity* Fifth Ave*.. >i90) <i23 Fifth . Hano'rfnew) Hide 4 Lath Imp 4 Trad. Irving Leather Mfr. 433 75 1600 135" 135 460 300 166 150 *5ai 40 ^336 53&>i 180 190 236 i-i45 -^80 Meohanica'.. ^10 95 Meroantile.. -^ao tl31 Meroh Bxch. Merohanti'.. i75 Metropolis*.. H86 .... 880 Mech A Tra* * Int. Jan.'01 109M lOSM 106 lOOM 180 lao 17 90 80 16 SOM 10 & MISGELL'S. 235 132^ 185 650 Side*. 375 Western.... YorkviUe*.. 470 385 West Broadway* aiO U40 Brooxu- llO Bedford*... 8th Ward*. 5th Ave*... • > t • 8 100 390 Kings Co*... 100 Manufact'rs ass MechaniCB*. 190 Mech 4 Tra*. 270 100 Merchant* 385 NaBBau .,., 276 Nat City.., North Side*.. 175 195 People'B* Scherm'rh'n* 170H 17th Ward*. 106 First t Al>._ 6M 6 Brokers 84 48 87 58 88 91 88 185 88 140 iH Bid. Qu Sprague 36th Ward Dnlon* Wailabout' 6 36 110 Ash. otati . 190 .88 128 106 e S • • I ISO Trnat Cos. • ••• • N. Y. CITY. Atlantic Tr 190 too 183 . i22]4 t 19J Bowl'gGreen ISO Ctl.Rliy BAT 300 •• ••• Central Tr'Bi. a- 00 OBO 865 340 Oity Trust. 375 Colonial Continental 400 8 106 . Farm Ln ATr 1000 Fifth Ave Tr SCO Guaranty Tr 6C0 Kuiok'rb'ok'r 48 .'idanbattan .. Mercantile Merchants' >•• . . .Metropollian MortonTrust N Y L 1 A Tr N Y Sec 4 Tr North Amer. 115 • 8 act BR'KLYN. t Price par aihsrr. did. Bauka. ABk. ns. A Banks marked with an astsnik toaracd .... . >t90 Liberty Lincoln 8 363 H60 '86 Le'th till 35 J 8tate* State of NY* 30 100 1 2th Ward* 100 23d Ward*. Union 8q*.., ^85 180 lOo Germanla*... Greenwich*.. Hamilton*... Seaboard Second Shoe i*600 German Am* German Ex*. Oct.'00 9694 .-ieventh 14th Street*. 150 Oartleld 96)i '<i8S 100 Phenix . Gallatin 97X 131 181 loayi 108M V6H 1500 130 t3«0 Continental 140 Corn Bxch*.. 370 Fourth I09)i 102 M4S 33 5s 1949 Westiugh Air Brake... 30 tl88 Worthing. Pnmo. ofd.l 00 176 Plaia* Prod Bxch*.. 125 Gansevoort*. 108« 1I«M S Glass— Common. .100 100 Preferred Va. Coal Iron 4 Coke. 100 Commerce... 339^ t330 FlrBt 84 S Envelope— Com.. 100 100 Pref Brokers' vit N. Y. CITY. .'V.merlca*.... Bast River 108M O 58^ 53 118 113 Qu 696 MlaoellaneouM* Par. 6 100 100 Ist preferred Banks. 81 D. S. Cast Iron Pipe Preferred 10 36 Preferred bO Onion Typewr— Com.lOO broker*' 1S8H pound. J-J lOSH Sep.'OO J-J F-A 181 Apr '00 J-J :08M 109X 108 Aug'CO 109}i(Feb.'9vi J-J J-J 106 106 Oot.'00 J-J Pi-ef erred 4 1819< 105 Aub'Hh 109}<Oct.'00 • t • 117M I18K iia^iUOM 96H to the consbcutivb faq^q).— BANKS Onion Switch "i o'0( Jan.'Ot I08X 8 I 114 114 132mS9 IdSH D 116 n29i 113^ luO lOS 109 185 108«111K 5 Bonds due January. 1 Dae Aogast. aThese are option Bala Manhattan*. Market A Fs! tiit 66 108K nS9< :37H Jan.'01 108>6 -J So Carollna^Vjis'aO-Vo. 1933 J -J Tenn—New settlem't 38.1913 J-J Dae May. 103K 107 104 106 108li lli9< n«w ^96^ on lu Small UlBBOurl— Funding.. .1894-95 Nortn Car— ConBOl48...1910 Small 106 lOa v rutdint.) \te Jan.'01 Jan.'Ol 114« 114^ I14H 118H 113H 136^ 137^ UO>i Ul9i 1907 1925 1925 1904 1 904 coupon B 5* 111 110 — 116^ lev^nth pn 4ee 1C6^ 106 106«W Dec'OO 106M I059i lOS^ 1 5^ 109H llOH '.09H Jan.'01 no 111 110>« llOH 8 Class MIecellaneons. Par- Bid Ask (P)— Pref... 100 100 105 tladlBon Sq. Garden— 100 6 7 M4N 40 Bd6s 1919 Karkeen Copper...,,,.... 3 \M viez Nat Consrruot'n. pf 13« 14M Stat 81 ...... FOR'GN GOV. BBCDRITIBS. U 8 of Mexico 8 f g 58 o^ 1899 89»< , • 3 90 19 81H 88X -Jl 193<. coupon 8 38 n 103^ 109 16 IISH Jan.'01 1st .06 Gorham Mfg Co-Com.lOO 110 IllinolB 85 89M Procter A Gamble. ... 100 100 Preferred t (Bait).. 60 tl71 . 112H 106 109 38 63 4 Monongahela Water... 25 100 Mosler Safe Co 100 National Carbon lOS 108 iCO 90 80 78 88 80 Diamond Match Co. .100 Pref 112 100^104 40 9^9^100^ Jan.'OO Monongahela River 29 2Di 80 * Ssreg small bond8.19l8 D 8 38 con small bonds. 1918 Liorillard 80 380 70 Cons Ry B oc Lt A Equip. Co .101 Rubber Tire General Carriage Chemical Preferred 3:4 and aikedthli week, Abk 10 100, 're'erred 84 111 118 lOeH Small 106 88 88 40 65 ! \ tteneral Jan.'OO 95 '113 Ootnmon— .SeeBt.fllx. list Colo Ci^al A lion Develop Preferred Col A Hock Coal A I, pf d. .. JAJI iBtgSB 1917 Compreesed Air Co Co solid Car lleatiug.lOO Co ;BOl Flrew'ks-Com.lOO] A Dep 32 20 U3H J'lr'99 Bale OUTSIDE SECURITIES Fidelity Feb '00 104^ 8)<Bale *l(o price Friday; these are latest bid Sleotric K4H 89 J4 Feb '00 99 Jan.'99 70 Apr'97 108^ 109 93 Aug'OO 107 Dec '00 lOSMSale MI8CBLLANHOD8 BON OS. Hx—Col tr g 48.1946 M-S Adams mDkAlmpSi. Set Can N J DistlU. Co. of 4 108 108 105 93 109 105 00 m-N id?" J -J F-A 65 Mlae«.llancou». Pnr, Bid. Cent Flrew'rks—Oom.l00t ii 70 Preferred 100; 30 01iat«aagayOreAIr68'16 Bl— Ino. 16 .; Oliei 4 U Grain 70 48 Ohesebrongh MfgCo.inot 370 Chicago A Alton RR-See Slk. E 01aOin(HB)-lBtpref.lOO lOi 100 101 Sd preferred 88 110 Ang'OO 81M 80« D. 8. GOV. 8BCUBIT1BP 8 2i registered ...... 1930 U8 88 coupon U 8 3s registered 106 105 i:g88l918 j-jir deb g 68.' 13 1 Small g 58 b 98 U 110 110 105 A-O K-A A-O deben 58... 1913 PaperColBtoong68.'18 69 69 70 Mat DuTelBf'd 68... 1911 Northwestern Tel 78. .'04 b IUNon-conT 8f Wn D IOl«Oct.'00 M9X 99H 89 84 83 88 BarABCarCo l8tg68 ..1942 J-J Grameror Bug iBt g 68.. 1933 A-O 1910 J -J Hteel Co deb 58 l8t 10891 90 Oot.'00 no J -J Am Income 108^ ai 97Ji 105 110 110 OotOU debg88...1900 Qa-F 1915 Biteuded 4H8 bpiritB MIg ]8tg68..1915 M-S Thread l8tooltBt4il919 J -J 1 - J Q-J Q-J J-J M-N M-N Cable Co iBt g 4B...23H7 3397 KeglBtered Ene rATcoltrgBf 5I...1926 Met T ATlBtBf g 5b... 1918 Un. Mut an Tel Co. See S t 4 N J Tel gen g 5b oy. '20 NoWestnTeleK. SeeWest.Dii. West Dnlon— Col tr our 5fl.'38 Fdandrea! est g4^.. 1960 D TennCoalTDlv lBt«6Bl917 A-Oll Blrm I)lv iBt con 68.1917 J -J Oah C M Co iBt gn g 6b..'22 J-D UBB BnyelCo LeatbCo Wat WorkB Ist 68. '08 Vermont Mar 1 8t b f 5s. 1 9 1 TEL.B. A TELBPn. BONDS. 68 eSHJan.'97 107 May'97 80 May'97 8««f» ••*••! Int'l OaX Nov'OO 97 PleasValCoal 1 st g sf 5 b. 1 928 BoobA FItCA I pur m 5b 1 946 Itt-N Son Ok Goal Ist g • f 6i..l912 J-D Am Am 55 8s^ . . . DeBarC AlCogug WhliB APCCo lBtg5B.'19 MAN'F'G A INDUSTRIAL. 100^ I08M Nov'OO 56 .1- 190H ConposB off. *.04 ... Col Fnel Co gen gold 6«-l|!}S rti-N 97 Bale Col F AI Co gen B f g 6B.1943 V-A De Bardel C A I. See T C A I. Or BIT Coal A C lit g 6i.l9ie A-O 107M 111 J-D Jeff AOlear 0*1 Iitg6i19an 192fl J-D 8d h5« 68.'! 107X lOa^DeCOO F-A 103M lit con g 6b. -1902 Col C A OolO4IDevCogug5B..190» I 1 Com I Lorr Bio- High. 8«x 110 M-H M-N J-J M-N M-N Iron Steamboat Co 68. ..1901 Mud S() Gurd Istg 58.. .1919 Mun Bch HAL gen g 4b. 1940 News 8AD D 5b.1 990 Newpl rAOntLandlBtg6i.l910 St L Ter Capplea Station A PropCo lstg4}<8 3-20yr'17 S Yuba Wat Co con g 6b. .'23 8p Val 109 106 Year 1900. I J J 1910 5b Banff* Aik. l/ow. 88 WatKeor lstg5B.192H HoiokenL A Ig Last Bale. I 87« J-J -J A-O Held BCo lBt8(g6B...1931 108M 111 NoT'OO lao Bid WAWn lBt58trctfB ^3 Week'i Range or , ft, F-A rihloTcAStYdcolR58.1915 '^ Non-cnm Ino 5b ....1907 Det "WftM Id gr 3^a S A. 1911 IlttOk J -II 5 Jan. 18 BklnFerryCo Isteong 58'48 129 6. Price Friday, Jan. 18. S'Q EXOHANOE Wbbe Ending . Page (5 pages) BONDS. N. Y. STOCK 96^ 96X 20 ^^^^ 103>4 J-D B^BUtered 9^!^ Sale Purchase mooR 4b....1v»4^ F-A Kl 1)1 lit OODT 8 B«1910 m-s i(i9>« ill^ 120 j-j 1" lit con B Si 5 PaterBOD* PG* B g 5«.194P n-* Peo Gas * C litKU g 6i. .1904 M-M 1904 J-D •!08H 106 8d gtd (?«• 1943 \-0 11891 125 litoonsolge* 1947 M-S RefandtnggSi .1947 IbIruk 6b 37 Range PRICES k'D ) NYGBLn4P..g58.1948 194f Week's Range or Low. EigK. No. Low High A.ik. .. . , THE CHRONICLE -BOND 19. 1901.] BeftlBtered d . I Real Est Tr't IstandardTr't Tr.Co.of Am. ! ;TrCo.ofN.Y. 'Union Trust. U S Mtg A Tr, 830 • 1 , 35 330 81u 300 490 *810 laas 778 388 310 SB3 328 195 1404 410 1600 UniU Washington 308 States.. • • ••• 673 ' I a • • • • 338 • • ••• 338 80O * loio' Brooklyn Tr. 415 iFlatbish .... 168 Franklin..... 275 llamilton.... 886 Kings Co.... iC« LIsl L A Tr. 860 Manufact'rs. 315 ion Nassau *-80 People's WllUamsb'gb 800 I 8* ••< • •••• 305 388 • set 810 116 ay i Purohasw also are SWte banks Sale at Btoek Sxek.or st saetloc tiitiw* k (• I S« 1376 BR'KLYN. 110 310 < H . . THE CHKONICLF, 130 [Vol. LXXII. Boston, Philade tphia and Baltimore Stock Exchanges—-A Daily and Yearly Record. Sbare Prloea— Not Per Oentnm Price*. Sales Range of Sales in 1900. Saturday, Jan. 12. 368 SOS Monday, Tuesday, Jan. 14, J'an. 15. 854 •848 les 146 186 147 •88« "89' •45« 46 140 84 8S ace 46 139)4 306 306 76X 17H 18-U 16 11-16 7H 86 9-16 87 87Ji 38^ iB-ie 32^ 32 9-16 10 lOM 9« 10 " 86)4 88«< a«x 26)t 85 86)4 88 86« 84 84% 88% 88% 35k •85H 85H 86 17H 17i« 17»^ 17)4 93H 98H 98M 93)« 89 90 89 80 80H 80^ 92Vi 91H 30 S9« 2H 1S9H 139^ 186?^ 39^ 118 103 817 83 •885 118 168 318 83 S36 118i« 16S9i 83BH 83 30K B9M ' •37 48 65 aoii 69)4 38H 45X 74 74)4 b 84H 94M 36)« 17H 17X 84 93 93 91)4 39)4 90), 39 29 91X 80)4 83 93 9m SX 130 98 130 X 81)4 37)4 63 330 80 850 17 59J< "a'o" 66 39)4 6H « lasHias)* 184M 186 16X 16M 16)i ICk 825 81 850 Shares Week. 132 S3 133 S3 6 6H \2i\6 134 15X 15)4 143X •145 •135 38 ' 135 30 307 •3)6 84 40 65 13 14 56 70 made. 68 70 69X 59% 369i 36 64 67X 48X 64 ex 696 596 1^ 97 135 3096 •133 3tX Consolidated Qas , Dominion Coal Brie Telephone Federal Steel Lehigh Coal 4 NaTigation. 37 66 48 64 48X 65 97 135 " " ....100 ....100 " " .... .... 25 10 85S Calumet & Heola " ....25 16% 17X Cambria Steel, »10)6 paid. ..(Phlla.) .... 60 60 896 6 Preferred! 159X Amer. Telephone *Tel.Oo.T S2l Boston 4 Montana ., 80 Butte4Boston 157 323 78 860 181 824 78 S8X 6X USX 118X 118 '59H SIX 5« 6)4 128X134 (Boston).... 100 American Alkali ,. (Phlla.).... 50 Preferred, $10 paid " .... 60 American Sugar Beflnlnig!. (Boston). ...100 3) 1319< 134 18596 60 93 135 Old Colony •' 169g "l'7)4 67 53 207 . . (Bait.) ....100 (Boston).... 100 " ....100 " ....100 (PhUa.) .... 50 " ....100 " .... 50 ex Marsden Co! 6X NHtlonal Asphalt ! 9 " Preferred! .... BO New Bng. Cotton Yam, pref.(Boston) .... 1 00 185 New England Telephone. .. " ....100 66),i 68)4 •67X •BldaDO Btkedprloer 68 69 no lale wa INACTIVE STOCKS Bid. Ask. •67 RAILROADS.— Price* Jan. "187" Amer. Rallwa s(Fhil) 50 4 Ohariotte(Balt) 100 Bos 4 Maine pf.(Bost)10C 100 Boston 4 Prov. " Jkti • OantaralMass... Pref OOHn 4 Possum Conn Elver.... " " " 100 100 lOt 100 OcnaolTrPitU!(PhU) 60 " Pref! 50 da 8oath4 Fla.(Balt)100 " 100 1st pref " 100 8d pref S'nnant'n Pa8s(PhU) 50 " 50 4T Hestonv " 60 Pref " 100 Inds Street S Ft S 4 M. .(BcBt)lOO " 100 Pref Little Schuylk.(PhU) 60 Maine Central. (Boat) 100 MlnehlU4SH.i.Phll) 60 60 Nesqnehon'g Y. " 60 North Fenn.... " M Pare Marqa'te.(Bost)100 " 100 Pref Phil Germ /i N.(Phll) 60 60 PhUa. Tiaotlon ' 134 170 303 •••••« 176 306 14 16 83 160 370 66 168 880 Old Dominion Copper ! 31 5% " Philadelphia Blec! .... 25 3Xpald " .... 50 138X 13SX li24 United Gas Improvement!.. IIX 13X 12X 13X United States Oil (Boston).... 35 40 40 WelsbaohCo (PhUa.) ...,100 •56 •55 57 Westingh. Blectrlo 4 Mtg (Boston) .... 50 f94 69( (Phlla.) 13394 " 35 West Bnd pref.(Bost) 50 WestJer4S8.(PhU) 50 60 WestNY4Pa. " Cent, new.(Bost)100 " 100 Pref Wor Nash 4 B. " 100 WU I. 4 8... ' 74 167H 16X 40 180 H . . Preferred... " 100 UnCopL4M'g " 48 135 21 174 3 24 5X 49 I 51 !l02 103 69X 116 83 55 110 31X 88 m' a's's' 9)6 15X 16 189X 19tX 16u 8 »ii '33X nix 100 ^&*t'n 1st 114 IX 8 9H M es g.'08 M4S USX Fr Blk4M Y 1st 6s '33 end 137 Unst'p'd 1st 8s.'33 A40 {137 steel oonv 5s.'10 J4J i 97 Debenture Ss.l918 A40 { 97 KCC4Slst5Bg.'25 A40 { 99 K Ft S4G lst7s.'08 J4D {115 K C F S4Moon 6s.'28M4N {lie mm 8H 10 KCatJo4CB7s.'07J4J e9x NBGas4C Ist 68.. 1937 New Bng Tele 6s.' 16 A40 4 Mar. 16 356 180 849 187 Apr. 302X 144 119X<lan. 131 Mar. 146 128 123 Jan. 40 89 May 39 May 469^ 110 Jan. 140 31% Sept. 35 30X 15 Jan. 4 29 Deo. 38 Oct. 35 Apr. 18 K Jan. Deo. 88 Nor. 17 Deo. 4 Nov. 87 Nov. 87 Deo. 87 Deo. 18' Feb. 14 81X Deo. 7 87Deo. 17X 100 Jan. a« 84 Deo. 3789 Deo. 31 Jan. Jan. 66 301 I Oct. 26 209X May 3,819 62X Sept. 22 749i Dec. St 03,706 7 7-18Sept.24 18 15-16D'rl9 6,406 24 9-16Jan.l0 3594 Deo 31 9,70( 12 Sept. 30 19 9-16 D'rSl 3,700 July 20 18X May 4 8 1,404 30X Sept. 38 35 Atr. 37 9,724 44X Jan. 9 8 X Deo. 31 1,429 70X June 25 85X Deo. 31 3,556 3SX Sept. 36 4096 Mar. 81 4,953 15X Sept. 25 19)6 Mar.,30 375 9lXMay 29 94X Mar. 8 ' 4,763 8,801 631 500 33,485 870 3,865 2,882 1,843 16 33,986 1,038 I.... IICO i 65 {108 M4N §io2x 1916 M4N U05 St 5s. .'02 Anacostia & Pot Atl & Ch 10696 «5X 99 99 99X 117 100 13 80X 23 14 Deo. 88 Nov. 16 3X IX Jan. 3 9 14896 Deo. 31 8 118 Jan. 1 Deo. 31 Mar. Oct. 1 181 Jan. 18 341 2 97 Jan. May 89 840 Sept. 36 if.2X i^« Mar. 5 63X 50 36 D c 20 51 95 J una 32 133 89)6 Juue 35 57H < 43 Jan. 68 « Dec. 13 13 18 12 6 Oct. 10 Dec. 18 81X Bxohange 3Xs.l930J4J Balt4PlBt8Bmll911A&0 118X 134 loex 10394 ' lUM 113 10794 107X GaCar4Nlst5s g. 1 929 J4J 1C3X 104 6eorglaPlst5-6s 1923J&J 13* GaSo&Fla lst5s.l945J4J 113X 113 KnoxvTrao lst5s '28A40 93X 96 Lake R Bl lstgu5s'42M4S 110 8ecAvTn(Pitts)6s'34J4D 116 Bav Fla4We8te8'34A40 IMX 8996 Seaboard A L.4s 1950. 90 Loanoertfs 1903 Seab 4 Roan 5s. 1936 J4J 107 . . Un Ry 4 Bl lst4s'40.M48 Income 4s 1 949 ... .J4D Ylrg Mid 1st 68.1906 M4S 03 110 3d series 8s..l911M4S 3d series 68.. 1916 M4S 134 4th ser 3-4-5S.1931M4S 113 5th series 58.1926 M4S 112 Va (Statf)) 3s new.'38J4J 98 Fond >3ebt3-38.1991J4J 96 56 bBX tax 117 131 7 11 3 11 a 10 16 38 rights. Ask 3X • ••••.4 Bonds- Philadelphia tr ctfs. 69X ed" 114X ••••13 Ches&D Canlst5s.'16 J4,l ChooOk4G gen 58'19J4J Clfs'StRy(Ind)con 5s.'33 Colnm St By 1st oon Ss.'S;. ConTraoof NJlst5s..'33 Del 4 B Bk l8t 78.'05 F4A 1st M 5a.'20 M4N Bdison Blec Ss stk tr ctf b BIec4 Peop's Tr stk tr otfs 187 187 115X 103 70 98X IIIX ••••• I009i i'o'i" 1910 MAS 131 1923 J4D 181 3d 7s Consol 6s Annuity 68 J4D 36 Nat Aspt alt col 5i New'k Con Gas 58 '48 J4D 104X Newark Pass con 58.1930 11694 NYPhU&Norlst48 '39J4J 103 Income 4s.. .1039 M&N 88X No Penn 1st 48..'36 M4N GenM7 1903J4J lo'-;" Penn gen 6s r... 1910 Yar 187 Consol 6so... .1905 Yar Consol 58 r.... 1919 Yar Penn 4 Md Steel oon 6b. Pa 4 N Y Can 1939 1939 M of '82 ls.'37 J4^ Terminal 5s g.l941 Q-B PWU4Balt 48.1917 A4<' Collat trust 48. 1 92 1 •••••• "ii''" • •••• ••••tt 108 • *••• 10 IX i08X 102 6896 ••••«t 107)6 104 135 J4J 75X Rochester Ryoon 58.1930 8ohRB81delst58 g'35J4D Soran Trao Ist 6s '32M4N United N J 4s. .1944 M48 UnTracPitts gen5»'97J* 1 48, *••••• •••••• Ph4Br gen M 5g.'20 A40 I80X Gen M4sg..l920 A40 Ph 4 Read 2d Ss.'SS A4xj i'2'9' Consol M 7s.. 191 1J4L ISO Con M68g...l911J4I Bxt Imp M48 g.'47 A4( 107 Con •••••• 100 7s..'06 J4D Bead Co gen 9696 1C8X 109 Leh Yal ext 4s.. 1948 J4D 120 98 180 io'fx lifi" Income 5b.... 2862 A40 Bq 111 Gas-L Ist g 58.192s i07« *••••• Hestonv M 4 F oon 5s. '34 117 H4 B Top con 58.'25 A tO 110 77 Indianapolis Ry 4s. .1933 K C Sub B 1st 6s..'20 J4U !•• • t Lehigh Nav 4X8..'14 Q-J 113 RR4sg 1914 Q-F 106X Gen M4Xsg.. 1924 Q-K Leh YC'l lst5sg.'33J4.1 i'o'sx ioo" Cons 5s Cons 4s 87X ?'6^ 49% We8tYaC4Pl8t6g.'llJ4J WU 4 Weld Ss.. 1935 J4J People's Tr tr certs 48.'48 PhUa Blec gold trust otfs Trust certfs 4s 125 135 1149< 100 25 West N C con 6s.l914 J4J 107 DnBi L4Plst4Xs'39M4N 8X Jan. Jan. Jan. Deo. Deo. Deo. Bid. NorthCent 4XS.1935A40 1179i J4J 1079< 109 6s 1904 A Oct. 88 Jan. 180X BONDS A40 A40 Penn Steel lBt58.'17 M4N 5s 1986....J4J Series Series B 6s 1926.... J4J Pitt Un Trao 5b. 1997 J4J Jan. 88 Deo. 88 32X Deo. 38 140 14 2 . nox Feb. 8 Deo. 18 Mar. 14 July 30 no5 Sept. 35 1C)6 Deo. 18 30 Oou 18 40 Jan. It 338 81 Jan. 5 + 850 paid In. 4.314 48,171 3,419 3,896 6 1,5P5 Oct. Oct. uax Blm&WUm let es.'lO J4,I Consol 5s.... 1932 M4N 118 Bxt 4 Imp 5S.1932M4S 116 Chas City Rylst 5s '23J4J 105 97 Chas Ry G 4 Bl 5s 99 M48 95 CharlC4A ext5s.l910J4J 107 109 8d 7s 1910 A40 Clty&Sub l8t5s.l932J4D nex 117X City&8ub(Wash)lst5s'48 86X 88 61 Maryland Brewing 8s ... MetSt(Wash)lstSs'35FA 180 New Orl Gas 1st Ss...Yar NewpN40Plst5s'88M4N 106 1 8 Jane 18 Mar. 31 Feb. 88 103X Mar. 38 96 IIH 131 BastiA 113 1st 6s tunnel 1911..J&J Bal Trao Ist 5S.1929M&N 115H Bxt 4 Imp 6S.1901M&8 102X NoBaltDlv 5S.1942J4D 180 Conv'rtlble5sl906M4N lOOX Central Ry 6s... 1912 J4J Deo. Feb. Cambria Iron 6s.l917J4J . . inx N w. 38 Oct 17 Nov. 87 8 4 110 BansTerlst5s.l936J4D Berg4BBrew lBt6a'31J4J B BoroGaslst58.'38M4H 84X 85 BaltCPaslst 5S.19HM&N Bait Fundg 5s.l916 M4N N AneVyBeit7sl910A4O J4J 115X 116 AtlG-Llghtlst5sl917J&D 1939J4D 5s Ga 4Alalstpf5sl945A40 107 135 351 43 695 1,810 Jan. 81 23 Sept. 24 Atl City 1st 5sg..'19M4N Ist 7S.1907 Atl Coast L otfs 5s J4D Bait Belt Ist 5s.l990M&N H 35 May 95X Mar. Asphalt Co 6s 1914M&8 ...,,. .Ss IM loox Nov. 88 3 June 22 Baltimore— Conclu'd. Torrlngton Ist Ss 1918.. West Bnd 4Xs Deb 4s 30 70 9,789 33,455 1,788 8,570 1,067 10 5C Jan. 81X 8,17( Ask 1907 A40 nos 8s N Y&N Bng 1st 7s.'05 J4J IstmortSs.. ..1905 J4J Rutland 1st 6s.. '02 M4N nosx PotomVal lst6s.l941J4J {lie LRook4FSlst7s.'05J4J «105 Mar H 4 Ont 6s...'25 A40 ill8 Mex Cent 4s g. .1911 J4J i 80 30 1st con Inc 3s g non-oum 8d oon Inc 3s non-oum.. Bid. Norfolk St 1st 5s '44.J4J W M gen 5s.'21 J4D |l04X 99 Curr't Rlv Ist 6s.'27 A40 D G R 4 W 1st 4s.'46 A40 98 2IIO Domln Coal S C M 4 B 1st 4s..'34 M4S 76 9 Income 6s 2X K C4M Ry4B Ss.'39 A40 no4x 35" BONDS MaoonaNlst 4Xs '90M4S lst6s.'13M4S 108 .... 117X 119 Consol Gas 8s..l910 J4D 112 113X 100 - 1 " Col AQrn V 1 st5-6. 1 9 17 J4J Non-exempt 6s. '18 J4J -103X Slrk fund 4s.. 1910 J4J 100 Ch Bur 4 Q 4s. 1933 F4A 5100 lowaDlv 4S.1919 A40 {103X Chicago Jono 5s.l915 J4J |llOX Chi 4 1794 125X 31X S3 48 J4J M gu 6s. '31 M4N "87X 88 S9 Adjustment g 4s.. 1995 Boston Term'l 3Xs. .1947 {116 Bos Un Gas 1st 5s. '39 J4J I 81 Ch 4 No 387 lOX - 14 8X 10 7X an Bonds— Boston. 12 23 176 38 AT4SFgeng4s.'95A40 jioix 88X 41X 36X SIX 33X 35 . . , Bonds— Baltimore. 3 Warwlckl&S.(PhU) 10 60 Westm rel Coal " WlDona Mlnlng(Bost) 86 1939 J4J 3dM5s Bar4 Mo Rlv ex'pt es. J4J S 47X 38 134 USPHor8eCol.(PhU) 1 Utah Mining.. (Bost)4-85 Am BeU Tel 4s. .1908 396 »* 37X 85 " • • 7 87 UnBlL&Powpf (Bait) 50 Wolverine Min. H 4094 United Fruit (Bost) .100 " 35 " Pref...... .... 85 US Mining.... • 35 118X 88 67 Un Shoe Mach.. 9994 34 118 47 . (Bost) 25 Aroadlan 17X 18X 35 6 Arnold Mining. " " 38 29 85 Atlantic Mis'g. 35 BalUo Mining.. " 83X 34 (PhU) 60 BethBt^al 17X 303 814 Lt.(Bost)100 Boston ISleo 46 Cambria Iron.. (PhU) 60 94 96 (Bait) 100 OantonCo 38 0«nten Mining. (Bost) 35 82X " 35 OU Con. Lake Bap. (PhU) 50 " 60 Prof 6 Oanv. Bessemer " " IC 4 B DeLong " 10 Diam State St Qomtn Coal p^ (Bost) IOC DomIron4S.! " .... BlastonConBl.(PhU) 60 JKUsonHl lu.. (Bost)lOO KeoOoof Am!.(Phlli 50 Franklin Mln'g.(Bost) 85 100 •eneral Bleot. . ' " 100 Pref Ind-Bgyp Com (Bost). 100 10 tntBatH48M " lBtSP4Dynam(PbU) 60 (Bost) 85 isle ucyaie 1 Manofao Rab. .(1*1111) 50 60 " Pref UarylandBrew. ( Bait) 1 00 X 81 Tidewater St.. (PhU) 10 Torrlngton"A"(Bost) 35 " Pref 85 38X 39 7a 443 33,036 214 17 3-18 Ask 6 i'os' 108 I IIX 11 SusqueI&S!..(PhU) 5 Tamarack Min. (Bost) 25 835 58M Preferred b 1« 9-16 Boston— Concluded. 157 NewBng congen5s'45J4J 3% N B Cot Yam 5s 1929F4A 164 isfo'Mu thaler . . (Bost) 100 " If (•^rTeleohoae NewBngGs4C ! " New Hav I 4 8. (PhU) NoAmaDredg(Bost) 60 lau "e'o Cientral Bid. MISCBLL.— Oonoladed. 58 116 68 165 «6X 96H mer.nemeat!(PhU) Amer. STOCKS BONDS 70 IVIX 76 46 MI8GBLLANBOU8, A.Uoaei Mlnlng(Bost) 85 a 74 5-18 74 70 149 44 78 3e94 Bys Co Gieneral! United N J.... (PhU)lOO 876 OnPow4 Trans . 70 70 70 10 Old Col Mining. " 86 25 Osceola Mining. " Palmetto Co.. ..(PhU) 35 Parrott8U&Cop(Bost) 10 PennBleoVeh.(PhU) 50 " Pref 60 Pennsyl Salt... " 60 Pennsyl Steel!. " " Pref! 100 PhUa Co " 50 PlaiitersComp!(Bost)lOO " Quincy Mining. 25 Rhode Is] Min.. " 85 Santa Ysabel G " 5 • • • ••! 889 338 . 80X 6 , 57 S8 Highest Lowest, 1,108 1 96 40 241 i . . . . . . 73« 73% 7ax 73X Pennsylvania (Phlla.).... 50 .... 60 15X 16)4 149< 1594 Reading Company 34% Ist * 35X preferred. 85« 3iH .... 60 20% 3096 " 31 2d preferred ,,,, 50 21X lOX 10X 10)6 lOH Seaboard Air Line (Bait.) ....100 Preferred " 36)6 88% 369< 26 ....100 .„ 8394 Dnlon Paolflo 84 ..(Boston).... 100 84X 83 Preferred " 88X 83X ....100 S3X 83X 34 84X 34)6 34X Union Traction, 917XPaid. (Phlla.).... 50 (Bait.) .... 60 17X 17X 17X 17X United Ry 4 Bleo. Oo 93 (Boston) .... 50 93X 93X 98X West Bnd Street misoellaneoua Sto«ka. (Boston).... 100 90X dl Aisalgamated Copperl 90X 91 Amer. AKrloul. Chemical ^.. " ....100 38X 39 81 " 80)6 Preferred! ....100 80X 81 18 I'* 97)i 146 145 137 30 6 X 307*' 830 78 •850 47X 05X 6SX 6X 67 97X •348 194)4 •196 X 3«M 37 37h 85!4 5854 6)4 98 31% 83X 39 81X 81X iH 2X 39i 334 18H 69H 68 8H ISO 83 88X 34X 17X 3*94 17)4 93)4 '840 67 ••••• .... 74 14 16 15-16 17 36)4 36 9-16 3594 86 5-18 28 38)4 31 U-16 3194 10)« lOM I0)i lOX 8<<>4 30 36)4 3»X 84« 8«5« 84H 85T4 836 63 of the 38 Choctaw Oklahoma 4 Ginlf (PhUa. 66S 50 88X " S98 .... 60 45)^ 45)4 46X 45X 45X 45X Preferred •139)4 KO 71 139« 140 •188X ISt^X Fltohbarg, pref (Boston).. ..100 (Phlla.) .... 50 58,370 81X 33M 3C5H SIX 30X 3I« Lehigh Valley 25 Massachusetts Bleot. Cos. T.(Boston)....100 35 as 770 a4x 24X 35 882 72% Pept. 27 Preferred! ....100 78X 78?< 77X 78!K 775i 78 717 lOX Sept. 31 14)4 14H 13% 13% 13X 139< Mexican Central ....100 •89!< 89M 189 88X June 38 (Bait.) .... 50 89X 89H •89X 90 Northern Central 7994 82X Northern Paolflo 1,610 4e9i Sept. 39 83)4 84J4 88 88 (Phlla.) ....100 " Preferred ....100 70X June35 308)^ 306)4 •808 53« 58X ••••at V% 139)* 14C 330 80 56 ACTIVE STOCKS. f IndloateB onllated. 8649( Boston & Albany (Boiton)....100 181 Boston Blevated, fall paid.. " ....100 345 Boston & Lowell " ....100 198 Boston & Maine " .,..100 144 Ohio. Burl. 4 Quinoy.. ....... " ....100 146 Ohio. Juno. 4 On. Stock Yds. " ....100 137 " Preferred ....100 , 254X 160X 354M 364 355 169« 160 169% 160 •843 '842 195 186 194 143)< 148J4 1439< 143 144)4 144 144H 128 •185 127 38U 38 "s'sii •88 138 831 83 30)4 17. 354 138X 133 186H 183H 135 183 118 118M 118 118)4 117 118 184)4 160X 183)4 160 161X 159 &9X 60 87^ 37H 6« t/^aw. 198' 144>i 144 ^M, 199i 89 63 e5 68 67« •843 •194 38« 34^ 32?4 34J4 SEW •84X 85)4 78 79 7SM 79 14H 145i 14Xi 14)t 8e« 89)4 89M 90 83« 83H 74?« 91 89 •80 854 159>< 160 26*4 16 S06 "Hm »ev« 46 139 8«M 8S S6M 85)1 78« 79 10 146 Jan, 16. Friday, Jan. 18. Railroad Stooka. 354 144« 14SM 143 146M ueit •189 246 196 84 6 199 19S •146 •186 as4 " 160 leo Wednesday Thursday, 1997 J 4J 93 108 98X liox •••••• Welsbaoh a f Ss 1930.J4D 7696 91-50 pale (And Interest. *Prlo<> Inolndes overdaa flnnr"^ . . . January . . THE CHBONICLE. 19, 1911.] 131 awd %mlxoviH %nUllxQtntt. RAILROAD EARNINGS. [txtrjesttttjettt The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns oan be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two oolumns the earnings for the period from July 1 to and including such latest week or month. The returns of the street railways are brouuht together separately on a subsequent page, IVotlcc Change We have changed our yearly totals .so as to make them date from July 1 instead of from Jan. 1, — Latest BOADB. Qrou Earnings. Weekor Mo Current Tear 13,012 41,97i 89,735 Current Previotu Tear. Tear. Tear. 9 0.— 15,399 85,176 86,689 Latest (hross Earnings. 1 to Latest Date Previous 9 Adirondack.... N^ovember. Ala. Gt. South. 1 Btwk Jan. Ala. Midland.. November. Ala.N. 0.&Te> aB PacJan N.O.&N.E.. iJecember. Jaly 83,775 1,138,449 424,552 BOAD8. Weekor Mo S °^^^' S 94,635 1.137,342 385,520 Lob Ang. Term. December. Lou.H.&St.L. 4thwk Dec ANashy Istwk Jan. Maoon A Blrm. December. Deof mber. ManlBtlque Mexican Cent 2d wk Jan. Loula. 10.716 20.822 525,23.'S July 1 to Latest Date Previoui Current Previtma Tear. T'ar. Tear. 9 9 t 86,577 5,615 61,439 341,337 16,588 3^3,671 469,305 14,812,435 14,596,724 7,356 55,286 39,051 5.516 38,384 40,968 347,035 8,869,028 8,914.417 390,772 1,738,449 1,528,627 130,588 3,951,214 .'1,868,588 37,18c 292,302 •i57,342 2,107,200 2,291,200 77,91( 372,57'. 18,465 356,168 48.142 1,757,838 l,^3»,870 2,379,451 63.45. 2.820,818 203,949 8,525,970 7.5.0.530 483,00(. 17,826,000 16,44 8,655 9.279 983,001 182,820 170.914 90<»,236 2,928 465,966 446..') Ala.&Vloksb December. 106,241 88,396 57 t 338,785 December. 455,181 102,087 77.896 Vlck8.8h.&P 483.923 380,903 Mexloanlnter'l October... 2d wk Jan. 28,149 32,350 130,914 Ann Arbor tMex. National. 2d wk Jan. 26,679 6,235 An.Was.&Bal. November. 4,778 32.218 Mex. Northern November. 49,367 61,230 16,647 16.408 59.992 JMexloanRy... Wk Dec. 29 76,800 Ark. Midland.. November. Atoh.T.&S.Fe November. 4.779.095 4,296,361 22,189,988 19,671,216 Mexican So 20,620 Ithwk Dec 680.291 55..'>42 675,089 Minne'p. ASt.L ^d wk Jan Atlanta&Char Septom'er. 224,791 201,604 244,592 39,517 35,025 220,224 M.8t.P.A8.St.M Istwk Jan. 65,417 Atl. Knox.&Nc Dnceiiit)er 809.088 66.141 66,862 294.001 Mo.Kan.ATex 2d wk.Jan 279 998 Atlanta&W.P. November. 109.889 18,985 14,339 578,00c At.Vali'Bta&W December. 84,937 Mo.Pao.AIr'nM 2d wk Jan 83,421 32,091 20.627 772,000 21,00( 21, AtiBtln AN'weft October... 60,338 760.57» Central Br'oh. 2d wk Jan, 504,00( 18.598,000 17,209,225 Balt.&An. S. L. November. 8,034 7,217 599.001 2a wk Jan Total 2,f06 73.46f 68,058 12,505 11,435 71.882 Mob.Jao.AK.C Wk Jan.l2 2,204 Bait. & Leblgb November. 6«,512 llO.. ) Bait. A Ohio December. 23,462,938 21,179,152 Mobile & Ohio.. December. C580,90<; e559,502 c3, 118,700 C 3,109 062 3.982,588 3.656,761 692.151 B.&O. Boa'I'W. \ Mont.AMex G'l December. 130,751 103,361 629.008 596.089 .ro's'i November. Bang'r&Aro 113,656 103,580 527,135 Nash.0h.A8t.L, December. a631,63.' o566,97'; a3.849,41^ a3.567,249 23,952 B»th&Ham'ndi November. 24,976 Nevada Oentral November 14,022 6,997 4,978 3,585 3,663 12,786 19,980 Belief onte Cen December. 4.022 21,0:(8 4,422 N. Y. C. A H. R. December. 4.720,43i: 4.457,413 29,290,85j 28,443,180 November, 19.293 Brldgton& 8.R. 19,494 N.Y.Ont.AW.. November 3,9:<!4 5,046 460,365 426,327 2,100,242 2,266..'^ 04 278,102 903.468 1.172,79» Bransw'k&W'si November. 296.960 N.Y.Susq.AW. November. 67,225 66,728 225.876 242,890 wk 2(i Jan. 3,086,110 2,452,2-2 Buff.R'oh.&Plti 92,530 87,105 293.993 271,182 8.473.789 7,406,176 Norfolk*! West. 2d wk Jan. 308.619 772,53367.731 North'n Centra) November Buffalo & Susq November, 68,869 70,643 726,737 3,288,71<, 3,420,514 BBT.C.Rap.ikN 4thwk Deo 119,903 112,103 2.610,586 2,761,261 Northe'nPao.d. Islwk Jau 410,186 18,563,672 17,683,695 464.899 2.5,814 836,911 Canadian Pao. 2d wk Jan. 459.O(i0 497.0O( 17,159,131 17.534,674 Ohio River Istwk Jan. 26,98t 729,933 126,735 108,464 3,773.455 3.275.871 Pao. Coast Co... November. 477.020 2,428,48t 2,417,050 Cent, of Georgia iBtwk Jan. 427,83fc 244,991 257,606 PaclflcMall Central N. E... October... 58,964 68.168 403,840 1.385,250 1,665,245 November, 261,30i Central of N. J. November. 1,380,266 1.396,723 6,537,933 6.936,445 Pennsylvania^. November 7,788.524 6.867,224 36,937,697 33,156,097 67,035 280,201 Central Paoltle. November. 1,625,057 1,610,288 8,938,965 8,867,920 Penn&No'w'n. November. 56.937 282,378 8,625 8,475 Pere Marquette Istwk Jan. 117,251 4,532,608 4,008,446 2,164 2,234 130,757 Cent. Pa. & W.. October... 263,820 214,027 Phlla. AErle... November. 615,541 593,379 2,673,843 2.731,622 Oharleat'n&Sav November. 61,059 47,228 54,548 964,4511,453 48,407 Phil. Wllm.AB. November 983,959 4.938,335 4,710,235 1,611 Obattan'ga So. iBtwk Jan. 256,855 217.317 8,190,656 7.085.614 Pltt8.C.C.ASt.L November. 1,588,26'. 1,652,9S6 7,907,921 8,273.006 Che«. AOhlo... iBtwk Jan. 20.659 1,443,941 1,214,601 721,036 672,388 3,962,102 3,256,424 Pltt8.BeB.AL.E. 2d wk Jan. 28,79) Chlo. & Alton.. November. 70.297 21,166 18,29. Chlo. Bur. &0. November. 3.965,78b 4.065,933 22.355,043 21,738,745 Pitt. Ch.AY'ny. October... 72,188 758,249 Chlo.&East.IU. iBtwk Jan. 126,241 118,711 2,962,257 2,799,210 Pltte.AWest'n.. October... 214,463 182,629 699,635 109,7 Ot 98,441 414.668 Chlo.Gt.WeBt'ii '2d wk Jan. 110,216 115,243 8,814,587 3,714,877 PlttB.Ol.ATol. October... 367,991 205,262 Chlo.Ind.&L.. ifitwk Jan. 65,114 64,442 2,171,143 2,215,599 38.140 40,529 Pitts. Pa. A F. October... 167,623 Ohlo.Mil.&St.P 2d wk Jan. 792,152 716,484 23 829,456 23,991,322 63,515 2,027,103 1,909,917 56,90b Total systesi. Istwk Jan. Chlo.&N'thw'n. November. 3,483,189 3,704.642 19,179,453 19,645,838 Plant System— 424.552 ChlcPeo.&St.L. I Decem 'r 86,689 89,735 385,620 Ala. Midland. November. 132,161 187,567 709,461 737,846 278,10i 8t.L.O.&8t.P 56,788 57,225 296,960 Bruns. & W'n November. 263,820 Ohlo.R'kI.<fcP. November. 2,136,266 2,012.038 12,112,525 11,153,380 47,228 61,059 214,027 Chas. ASav.. November. Ckl0.8t.P.M.&O November. 925.404 999,719 4,025,122 4,098,659 370,059 1,936.086 1,663,421 444,971 Sav. Fla. A W. November. latwk Ohlo.Ter.Tr.RR Jan. 19,2b9 83,552 123,108 740,833 643,449 14,066 25,777 23,347 811. 8. Oc, A G. November. Ohoo.Ok.&Guli liecember. 869.900 *121,952 2.155,480 1,026,221 Reading Co.— istwk 11,424,177 Jan. 01n.N.O.<feT.P 11,376,348 Phil. A Read. November. 2,476,476 2,337,876 80.687 81,646 2,548,239 2,686,919 Cln.Ports.&Vir Deoemher. 217,330 186,901 34,084 Coal Air. Co.. November. 2,^30,148 2,836,219 10,816.344 14,087,962 31,332 22.2.'^0,521 25,464,310 01.0.0h.&St.L. Istwk Jan. 9,534,274 267,430 289,153 8,965,863 Tot.both Co'B. November. 5,006,624 5,174.097 389,340 368,230 Peo. A East'n. Istwk Jan. 75,439 43.699 46,439 1,249,24 3 l,204,r 06 Rloh.Fr'ksbAP Nov« mber. 80,578 274.420 Cl.Lor.&Wheel 2(1 wk Jan. 1,080,146 46,481 232,338 1,071,145 81,219 Rio 52,228 88,288 Grande Jet. November. 312.714 i 93.975 Colorado & So. November. 423,415 410.817 2,078,416 1,844.519 Rio Grande So.. 2d wk Jan. 9,126 9,472 66,40-4 Rio Gr'de West. 2d wk Jan. Col.New.A Lan. November. 84,000 2,697,71t 2.405,351 70,816 14,921 15,244 87,700 534,037 Col.Sand'y&H. Islwk Jan, 654,727 652,468 113,313 17,715 513,874 8t. Job. AGr. I. November. 91.443 18,128 8,14.67.506 Cornwall &L(ib November. £6,831 105,826 122,563 8t.L.Ken'etASo December. 13,960 13,803 25,776 34,331 Oamb'l'd Valley November. 28.483 474,559 6,5t0 90,231 448.327 St. L. A N. Ark. October... 7.162 86,187 Denv.&RloGr.. lid wkJan. 1&2,0C0 188.000 6,448,760 5,665,754 St.L.Van.AT.H December. 157,273 l.C0B,247 1.017.919 159.068 810,37J 119,134 5.259,256 4,273.588 Denver&Bo'w'u October... 210,195 212.766 772,455 St.L.ASauFran. Istwk Jan. 152,292 Det.&Maokinac November. 110,567 4,145,910 3,437.712 351,919 55,334 303,859 St.L. Southwest 2il wk Jan. 142.321 52,184 918,945 862.304 Dul. & I. Range. November, 263,567 269,364 419,687 2,503,481 ?,ti62,8<i9 San.Ant.AA.P. October... 845,684 568,595 533,222 DuluthS.S.&Atl Istwk Jan. 69,832 28,628 33,401 1,344,216 1,405,057 SanFran.AN.P Dec ember. 75,458 490,3fO E.8t.L. &Oar.. December. 17,881 509,890 79,448 13,948 78.071 S.FePres.APh. Istwk Jan. 17,953 18,778 £lginJol.&£aBt December. l&3,i!38 951,119 931.471 Sav.Fla.AWest. November. 444,971 870,0.'.9 1,936,086 1,663.421 146.895 425,664 November. 3,169,525 3,386,095 16,146,042 17,167,600 8her.8hrev.A8o Istwk Jan. 5,764 230,760 13,183 83,552 Ev'ns.&IndMpUs 2(1 wk Jan 123,108 19,269 187,467 210,302 811. Sprs. O. A G. November. 14,066 4.976 6,531 142,323 21,001 119,283 Evansv.&T^H 2d wk Jau 793.291 26.640 804,40s So. C.cfe Ga.Ext December. 25,770 26,213 December. 31,641 Plnd.Ft.W.&W 68,89.'i 6,432 17,920 8,465 59,426 So. Haven A E.. Septem'er. 15,605 8,425 103,808 Pt.W.&Den.C. November, 195,246 166.212 12,239 75,968 735,023 8o.Ml8B.<b Ark December. 896,561 15,899 29,835,165 rt-W-ARloGr.. Istwk Jan. 28,157,364 5,833,812 11,934 348.382 259.118 So.PaolfloCo.fc. November 6.149,516 6,259 eadB.<»)AU.U.. November. 1,296 7,079 7,371 Cent. Paolflo.. November. 1,625,057 1,610,288S 8,933,96r> 8,867,980 1,765 Istwk Jan. Georgia RR 975,012 859,682 31,715 26,166 Oal.Har.AS.A November. 605,486 597,793 2,720,683 2,e 86,522 671,504 Gteo. 80. & Fla. December, 551,818 612,491 109,855 104,301 586,838 Louls'a. West. November. 161,299 132,442 aUaVal.G.&N. November. 32.b79 156,036 149,469 28.946 Morgan'sLAl November. 833,422 787,690 3,248.979 3,056,788 119,807 143,56:< Or.Tr'nkSystj'. iBtwR Jau 29,795 601,640 465.284 13,247.432 13,200,543 N.Y.T.AMex. November 29,110 Det.G.H.&M. 4th wk Deo 750,646 569,233 30,441 570,479 Tex.AN.OrL. November. 225.344 154,136 1.038,213 29,935 Great Norih'n— 8o.Pao.ofCal November. 1,499,443 1,479,421 7.833.359 7,661.084 8t.P. M. AM.. December. 2,013,804 1.868,440 12,407,855 13,123,632 340,468 1.5'<:6,81> l,449,5':a 363,701 So.P'o.ofArli. November. 822,528 EaBtof Minn December. 261,061 801,562 233,364 2,274,554 2,089,013 185,076 178,110 So.Pac.ofN.M November. Montana (:;en December. 203,007 209,429 1,077,860 1.129.446 Southern Ry.... Istwk Jan. 671.644 508,395 17,621,970 16,561.219 Tot.svsteai. December. 2.467,872 2.301,233 15.760,219 16.341,091 2^,635 32.637 St. Louis Dlv. Istwk Jan. Hooking Valley 2d wk Jan. 829,492 852,089 139,159 80,310 2,606,085 2,320,801 TerreH.AInd.. D(-cember. 86,369 133,488 HonB.&Tex.Cen October 279,75b 257.068 42,899 665,366 472,614 1.691,966 1,468,524 Terrell. APeor December. 48.521 nilnolB Central. December. 3,129.982 2,810,570 18,318,926 16,380,964 Texas Central. 4th wk Dec 376,045 219.740 8,740 20.362 Dllnols Soutli'ii November. 5,991,076 4.860,175 161,871 51,435 8,282 TexasAPaolllo. -.id wkJan. 212,958 59,818 Ind.Deo. AWesi Septem'er. 76,600 10.500 177,423 181,684 Tex.S.V.AN.W. November. 64,250 62,748 14,000 lBd.ni.AIowa November. 108,696 610.592 437,458 Tol.AOhloOent. 2d wk Jan. 48,999 1.400,t)8' 1,214,944 90.514 48.672 583,695 IiL*Gt.N'rth'ii 2d wk Jan. 626.340 20,'. 68 19,176 87.112 82,63t 2,678,931 2,576,306 Tol.P.AWest.. Istwk Jan. llnteroo. (Mex.) Wk Deo. '^9 32,821 71,200 66,070 1,879,800 1,947,600 Tol. St. L. & 2d wkJan. 53,888 Iowa Central. 2d wk Jan. 49.212 38,443 1,264.623 1,353,377 Union Pao. RR.. Iron Railway.. December. 36 807 4,324 6.408 26,483 OreK.RR.A N. I Novem.. .8,824,439 3,650.638 19.843,658 17,876,974 Kanaw'a&Mloli 2d wk Jan. 483,400 396,474 16,890 14,797 Oreg.Sh.Ldiie K.C.F.8ott«>M iBtwk Jan. 112.198 302,928 9,761,816 9,218,205 85,622 3,303.631 3,101,186 Wabash ^d wk Jan. 316.346 K.C.Meni.&Blr Istwk Jan. 197,563 1,874,931 1,691,632 877,980 W.J'rseyASea'e November. 20e.563 38,255 28,067 1,003,180 : 54,501 2S6.53t Ean. O. N. W.. Deo'smber. 86,511 3e.305 208.792 207.607 W.V.Cen.APltt. Septem'er. 38,346 95,328 307,474 Kan. City Sou. 2d wkDeo. 336,297 66.113 92,259 81,426 2,033,047 1.874,519 Western of Ala.. November. 72,554 K. C. 8ub. Belt 2d WkDeo. 261.937 Wheel.AUE. i 265.690 10,673 9,449 1.629,10c 1,467,072 53,10!^ 52,714 LeiUgh <h Hud. December. 249,049 89,035 42.260 221,049 Clev.C.ASot 2d wkJan. 8.185.247 Lehigh Val.RR October ... el645122 e2476563 8,023,632 9,469,2( 3 WlaeonslnCent 2d wk Jan. 2,921,552 87,59f 98.000 78.743 73,999 Leh. V. OoalOo October... e679.000 £2418.356 6,183,718 7,305,600 Wrlghtsv.AT'n. November. 16,67. 16,230 L. AW.- B.Coal. October... «471.018>elll9349 612,:01 3,083,808 2,987.451 635,045 TazooAMlsB. y. December. 40,331 42,011 Lex'gton A East October... 7,166 96,982 York Southern.. November. 7,910 81.070 122,042 23,983 LonglBlandRR. Septem'er. 1,627,138 1.595.642 * FlgureB for December are for the railroad only, t Mexican corrency. 5 covers results of lines directly operated east of PlttBt)arg t Inoludee Chesapeake A Ohio So'western. Ohio Valley and Chicago and Texas for both years, a Includes Paducah A Memphis Division from July 1 In both years. 6 Does not Include the AuBtln A Northwestern, the San Antonio A Aransas Pass or HooBton Ss Texas Centual system. « Resolts on Montgomery Division are Inolnded in both years. ,^ ». . a a dlnclndes St. Paul A Duluth from July 1, IS 00. e Antbraolt* coal miners strike this year. / The Chicago is Grand Trunk la included. from Deo. l in both years; the Det. Grand Haven A Milwaukee Is Included for all periods. • He I . . W I ' . ^ ) .. . . . THE CHRONICLE. 132 Totals for Fiscal Year. 1st In the full page statement on the preceding page we show the gross earnings of all roads for the period from July 1, that being now tne beginning of the fiscal year of the great majority of the roads. There are, however, some roads that still have their own fiscal years. These with their dates are brought together in the following. Latest Gross Earninga. Roads. Tear. Atl nta&Chrlotte Air Line. Burlington Cedar ll^p. <& No Central of New Jcr.-ey Cliicago & North- Western.... CliioaKO Roek Island & Pac.. Chic 8t P. Minn. & Omaha.. Choctaw Oklaiionia a Oulf .. <Mml)erlaud Valley Apr. Jan. Jan. June Apr. Jan. Nov. Jan. Jan. Jan. Jan. Jan. International & Gt. North'n Jan. Lehigh Valley RR Dec. Lehigh Valley Coal Dec. Lehigh <fe Wilkesbarre Coal Jan. Manistiqne Jan. Mexican Central Jan. Mexican International Jan. Mexican National Jan. Mexican Railway Jan. Mexican Southern Jan. Missouri Pacific Jan. Central Branch Jan. Monterey A; Mexican Gulf Jan. Northern Central Jan. Ohio River Jan. Pacific Mail May Pennsylvania Jan. Pennsylvania & Northwes'n Jan. Pere Marquette Jan. Philadelphia & Erie Jan. Phila W'ilm'g'n & Baltimore. Nov. Pitts Cincin. Chic. & St L. .. Jan. Pitts. Bessemer & Lake Erie Jan. Pitts. Charters & You'gh•y. Jan. Rio Grande Junction Dec. St. L Vandalla & Terre H.... Nov. 8outh Haven & Eastern Jan. South. Mis.souri & Arkansas.. Jan. Terre Haute & Indianapolrs Nov. Duluth South 8ho. & Atlantic East St Louis & Caroudelet. Ft. Worth & Denver City Gila Valley Globe & North'n. . & ±-eoria Texas & Pacific West Jersey* Seashore.. Nov. Jan. Jan. to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to 30 1,193,830 Dec. 31 4,H4>',2-0 Nov. cO ^3 9^7.52.^ Sept. Prevlotis Tear. week of January. 1901. Baffalo Booh. <S» Plttsb'g. Canadian Pacific Central of Georgia. .„.. Chattanooga Southern. Ohesaoeake & Ohio .. Chicago <fe East. Illinois. OHIO. Great Western Ohlo.Indian'lis & Loulsv Ohloago Mllw. & 8t. Pan! Chic. Term. Transfer .. . . Ctn. N. O. & Texas Pac. Olev. Oln. Ohio. & St. L. Peoria & Eastern Clev. Lorain & Wheel'g . Sandusky & Hock'g Denver & Rio Grande... Dolnth 80. Shore *. Atl.. Kvansv. & Indianapolis. Evansv. <& Terre Haute Ft, Worth & Rio Grande Col. Georgia................... ) Det. Gr.Hav. HooklnK & Milw. S Vallev.. & Gt. Northern.. Central.. .... Inlem'l Iowa Kanawha <& Michigan... Kan. City Ft. S. Kan. City Mem. LoulsvlUe & & Mem.. & Blrm. Nashville .. Mexican Central ......... Mexican National... Minneapolis & St. Lonis. Minn. St. P. & S. Ste. M. Mo. Kansas dt Texas Mo. Pacific <fe IronMt .. Cenrral Branch Mob. Jackson <fe K. City . orf oik & Western. BTorthem Paoiflo....^.... Ohio River .............. Pere Marquette Plttsb, Bess. & L. Erie... Pittsburg & Western Elo Grande Southern.... Bio Grande Western Be. Louis & San Fran Bt. LoDls Houthwestern Santa Fe Pres. . & Phoenix. Sherman Shreve. & So... Southern Railway St. Louis Div & Pacific. Toledo & Ohio Central... Xexas Toledo Peoria s * tsconsln Central ...... Total (61 roaoe) Set increase :8 97 .. 1900. 46,494 311,657 53,777 82.500 34,374 268,181 39.421 72,101 12.120 45,476 14.356 10,399 8,114,775 7.446.543 836,238 663.23 i Increase. p. o.l. Decrease. 168 006 3,7O7,y05 Nov. 30 22.f67,'^2 23.281.143 Nov. SO 17,669 H02 1(3,050 200 Nov. 30 9,152 218 9,6^4 244 32H.b20 782,7.'i2 Dec. SI Nov. 30 941,466 859,160 33,401 Jan. 28,528 7 145.644 Dec. 31 160,748 Nov. 30 1,624 g.'-s 1,460,418 Nov. SO 365 595 3t8,843 15P,<»-4 Jan. 14 169,9^3 Nov. 30 23.049.282 22,6.59,161 Nov. 30 8,279.S59 19,211,745 Oct. 31 7.623.7«« 7,105 657 83,247 Dec. 31 102 578 Jan. 14 681,786 63i<,136 Oct. 3 4,410.475 3,80 .419 253,2P2 Jan. 14 256,002 4,517,110 Dec. 29 4,468,60' 8.4,^05 Dec. 31 754, 27« 923,000 Jan. 14 l,093,0f'0 38,0(10 Jan. 14 41,000 Dec. 31 1,38P,S54 l.^O ,380 Nov. cO 7,033,608 6.56S.703 Jan. 26,^89 25,814 Nov. 30 1,964,360 2,226.015 Nov. 30 77,759,00'! «6. 305,008 Nov. 80 637,633 613,889 117,2^1 Jan. 7 130,7,57 Nov. 30 5.308,35 4,902,763 Nov. 30 964,4^9 983,959 Nov. 30 17,291.436 16,"S9.868 63,03t Jan. 14 32,311 1.=14. 009 165,089 Oct. 31 Nov, 30 439,341 5 •8,679 316.20"; Dec. 31 3 4,^8S Sept. 30 52,160 33,898 Dec. 31 181.846 130,666 275.247 Dec 31 266,172 Dec 3i 95.6n to Jan. 14 400,740 to Nov. 30 3,276,084 1900. Increase. - & West'n. 41.971 87,926 453.000 126,735 1,453 80, 03 300,017 2,915,884 Decrease. 256,855 126,241 103,537 6. ,114 644,052 25.777 80 637 267,430 43,699 80.593 17,715 175,900 28,528 4,873 25,610 11,934 31,715 501,640 95.783 82,541 47,020 15,566 112,195 38,255 525,235 294,'^51 122,368 54.333 65.417 25,5,816 515,000 20,000 2,409 258.931 464 899 26,«89 130,7o7 34,245 56,903 8.352 60,900 152,292 133,602 17,953 la,183 571,644 32,637 187,782 41,676 20,263 9 35,176 87,103 4<)6 6,795 821 1.611 217,317 118.711 106.0^1 64,442 688,492 23.347 81.646 289,153 46,439 29,747 18,128 160,400 33,401 6,515 23,531 6.259 26.165 465,284 93 695 75.550 36 8 12 14,539 85,622 28,067 469.305 334,751 126.414 44,316 63,452 195.217 440,000 17,000 1,778 198,599 410,186 25,814 117,251 11,652 62,515 8.274 60,000 119,134 104,220 17,881 8,754 508,395 29,635 138.146 39,913 19.175 . 43,000 lO 103.464 18,271 158 . 39.538 7,530 2,456 ...•. 672 44,440 2,430 9.59 21.723 2,740 846 413 15,500 4,873 642 2.079 5.675 5,550 36.356 2,088 6,991 10 218 1027 26.573 10.188 55,930 40 400 3,046 10.017 1,965 60,599 7.^,000 3,000 631 60,392 54,713 1,175 13.506 22,593 For the fourth week of Dec. our final statement covers and shows 11 74 per cent increase in the aggregate wer the same week last year. 70 roads, 4,«26,V»32 9 A »bama Qt. Southern. Qrand Trunk & West „. VheeUng & Lake Erie. Olevel'd Canton & So Tol. St. L. vVabash. 1901. 1,074,273 Latest Gross Earnings by Weeks.—The latest weekly earn Ings in the foregoing are separately summed up as follows: For the first week of January our statement covers 61 roads and these show 8'97 per cent increase in the aggregate over the same week last year. Isl week of January. Period. Current Terre Haute [Vol, LXXII. **». .... ^th week of December. 7.429 63.249 3,002 49.636 4.763 1,093 Increase. 1899. « -^eTlonsly rep'd<62 r'ds) 13,53.3,045 12,064,985 A.!a. N. 0.& Tex. Pao.— New Orl. & No. East... 61.000 64.000 Ala. Vicksburg 39,000 33,000 & &Pao & Tex. Pacific. Vicks.Sh. Cm. N. 0. Interooeanic (Mex.) owa Central. ... ^. Mexican Railway lexican Southern ' tal «70 roads) ... (11-74 p. tfet Increase 36,000 147,938 71,200 62,728 76.801 20,620 1,521,115 • •- 660 - 5.130 66,S2 77,910 18,463 14,048,326 12,572,614 Decrease. w 53,055 3,000 6.600 5,000 31.000 150.665 0.1. ........ —2,732 • •- - 8.793 1,110 2,157 1,539,402 1.475.712 .... — 63,690 Net Earnings Monthly to Latest Dates.— The table followshows the gross and net earnings of Steam railroads reported this week. A full detailed statement, including all •oads from which monthly returns can be obtained, is given ince a month in these columns, and the latest statement of his kind will be found in the Chronicle of December 22, 1900. The next will appear in the issue of Jan. 26^ 1901. Orosn Earnings. tfet Mamingi. ing . Current fear. Hoad* inn Arbor.b Nov. Jan. 1 to Nov. 80. Gas Co. Dec. Oct. 1 to Dec. 31... Jentral Pacific, b... No v. * 150,839 1,561.922 tJuffaio 1,625,057 July 1 to Nov. 30.... 8,933,^65 Central Penn. & W, Oct. 2,154 July 1 to Oct 31.... 8,625 Obootaw Okl.A G.b.Nov. 412,852 Uln. Ports. &Va.b. Nov. 84.031 July 1 to Nov. 30 217,330 Ouluth So.Sh.A Atl.Nov. 176.123 Jan. 1 to Nov. 30 2,376,565 . Premous Tear. = . Current Tear. Previout Tear. 9 50.832 46,786 402,425 327,&0a 37,277 41.889 103,297 97,336 624,655 660,107 1,610,288 8,867,920 3,S40,047 4,003,339 def.568 424 2.234 1,115 8,475 def. 1,558 187,495 84,804 204,668 29,443 7,471 4.857 186,801 52,842 51,685 84,752 217.888 27.588 871,921 857,560 2,203,568 153.610 1,505,958 Gas & Electric Co. of Bergen Countv.a. Dec. June 1 to Dec. 31.... Nov. owa Central. b July Ito Nov. 30 ... 17,539 9,023 22,812 10 -'.611 52,t)65 140,190 178,391 15,700 195.995 107,999 962.004 1,083.966 87,183 21,806 49,367 >lexlcan Northern. Nov. 125,761 292,302 257.312 July 1 to Nov. 30 -. 571,604 ^o. Kan.&Texas.a.Nov. 1.623.883 1,303,605 July 1 to Nov. 30 ... 6,626,793 6,047,732 2,396.837 117,415 45,563 Nov. 123,468 Ohio River. b 483,278 1.336,621 1,0^7,544 Jan. 1 to Nov. bO 90,645 427,833 477,0 iO Pa3iflo Coast f^o.a Nov. 635,250 July 1 to Nov. bO... 2,428,0 83 2,417,660 712,771 643,428 189,256 Pere Maiquette.a .Nov. 7,555,361 6,741,062 1,795,431 Jan. 1 to Nov. 30 593,379 309,268 Nov. 615,641 -•hlla AErie.b Jan. Ito Nov. 30.... 5,808.351 4,902,763 1,943,302 southern Pacific. b.Nov. 6.149.516 5,833,312 2,S25,795 59,3ii5,155 28,157,364 11.520.528 July 1 to Nov. 3 624,655 Central Pacific b.Nov. 1.625.057 1.610.288 July 1 to Nov. 30.... 8,933,965 8,8j7,920 3,840.047 605,486 5^7,798 96,104 Gal.Har.&SanA.bNov. 564,150 July 1 to Nov. 30 ... 2,720,683 2.686,522 151,299 75.887 132,412 Louisiana West. b.Nov. 671,504 551,818 282.873 July 1 to Nov. 30 787,690 384,792 M'g'n'sLa.&Tex.bNov. 833,422 July 1 to Nov. 30.... 3,24t?,979 3,056,783 1,210,530 29,110 29,795 12,930 N.Y. Tex. & M. b.Nov 119,807 143,552 49,484 July Ito Nov. 30.... 86,523 225,341 154,136 Texas & N. Orl.b. Nov. 377,153 750,645 July Ito Nov. 30.... 1,038,213 601,379 1,499,444 1,479,421 80. Pac. of Cal. b.Nov. July Ito Nov. 30.... 7,833.359 7,661,084 3,293,456 196,097 340,458 363,701 So. Pac. ot Ariz.b.Nov. 772,805 July Ito Nov. 30.... 1,526,818 1,449,580 185,0"'6 114,589 178,110 ao. Pac. of N.M. b.Nov. 477,675 SO ,562 822,528 July 1 to Nov. 30.... 16.262 96,633 83.920 rol. Peoria & West.bDec. 157,906 606.072 664.520 July 1 to Dec. 31.. a Net earnings here given are after deducting taxes. b Net earnings here given are before dedncting taxes . ' 8,849 49,116 52.501 353,176 14,117 105.637 482.943 2,147,667 48,378 456,195 158.985 775,682 162,050 1,560,286 254,412 1,614,910 2,323,682 11,235.014 660.107 4,003, i39 183,722 790,938 56,843 191,668 348,915 1,060,156 14,669 66,989 46,332 247.949 583,649 3,179,940 178.432 600,881 108.349 462,610 17,798 149,756 Interest Charges and Surplus.—The following roads, in addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the surplus above or deficit below those charges. —Int., retitals, 5,612 78 900 33.158 29,382 72 1900. • •»• > <• — -Bal. of NetEam's.^ Previous Current Tear. Tear, Tear. * 42,914 22,147 289.749 287,970 July 1 to Nov. 30.... 1,446,955 1,435,886 112.768 107,803 Nov. Pere Marquette 1.212.811 1,190,768 Jan. 1 to Nov. 30 22,745 22.740 rol. Peo. & West... Dec. 136,4 16 136,502 July Ito Deo. 31.... Boadt & Gulf .Nov. Mo. Kan. & Texas.. Nov. Ohoc. Okla. — ••»••••> etc. Current 9 144,581 281,855 949,882 76,503 582,620 def. 6, 478 21,404 Previous Tear. 9 62,657 194.978 711,781 54,220 369,468 def.4,947 13,340 . )..... . JaNUabY 1901 19 THE CHRONICLE. J Philadelphia Company. December. 1900. 1899. , . $ $ 276,301 QrosB earnlngB Operating expenses and taxe8.152,54 1 r-Jan. 1 to Dec. 31.— 1900. 1899 $ 220,025 1 0b,047 $ 2,482,881 1,867,590 1,509,"; 86 1,226,596 Netearnlngsfr'mopera't'n.. 123.760 ll3,'^78 5,625 11,941 Other incomet 973095 640.995 364.672 242,97.3 Total earn'gsA other Ino.... 129,385 31,581 Deductions from Income * 125,919 l,337,7e7 883,968 V!9,174 255,050 228, t94 97,?04 9« 745 1,082,717 6.55.274 1 7,708 16,667 17,187 16,667 208,333 199,918 167,187 166,563 Total Income Interest on funded debt Dividends on preferred stock . Net income of company Afflliat€d 34,375 33,854 408,251 333,7i.O 63,429 62.891 674,466 321.5 24 Companiest— 105,178 Net Income Proportion to others than Philadelphia Co 99,814 735,990 642,511 1,240 8,318 234,776 1,179 Phil. Co.'s Int. in netlnoome 103.999 727,672 407,735 98,574 'TneBe deductions include the following items Rentals ot leased gas lines, tent ment expenses. Interest on current liabilities, interest on oonsuraei's' cash advances, etc. t The net earnings ot the atflliated corporations only appear in the Income of the PhiladHlphia Co. as they are declared in dividends. Consolidated Gas Co. of Pitt.sMiirg, Allegheny 111. Co., t Includes Allegheny County Light Co., Chartlers Valley Gafe Co., Union Gas Co. ot McKeesport, liiquliable Gas Co.. United Traction of Pitt.sburg. : STREET RAILWAYS AND TRACTION COMPANIES. The following table shows the gross earnings for the latest period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of tht table is the same as that for the steam roads — that is, the first two columns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the calendar year from January 1 to and including sucb latest week or month. 8TKEET RAILWAYS AND TRACTION COMPANIES. Latest Qross Jiarnings. Gross Eabninos. Week orMo Our'nl Tear. Pret»'tt« Tear. Jan. 1 to Latest Date. Ourre7it Tear. Previoui Tear. 133 Street Railway Net Earnings.— The following table gives the returns of Street railway gross and net earnings received In reporting these net earnings for the street this week. railways, we adopt the same plan as that for the steam roads that is, we print each week all the returns received that vf-ee j^, hut once a month (on the third or the fourth Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found The next will In the Chronicle of December 22, 1900. appear 'n the issue of January 26, 1901. 6ros* Earnings. Net Bamxngs. n Current Previous Current Previous — . Tear. S Roads. 185,455 Cleveland Elec. a.. Deo. Jan. 1 to Dee. 81 ... 2,057,016 9,925 Clev. PalMcsv. 4 E Dee. 141,112 Jan. 1 to Dec. 31. 249,445 CoDS.Tr.(Pitteb ).b.Dec. Apr. 1 to Dec. il.... 2,217,836 28,740 Harrisb'gTraot'n.. Dec. 343,456 Jan. 1 to Dec. 31 183,589 July 1 lo Dec. 31 Herkimer Mohawk Tear. Tear. $ 163,&70 1,504,968 8,e54 121,386 226.467 1,986,566 26,267 312,942 172,707 $ 84,018 935.981 2.841 71.5iO 140,376 1,204,596 10,529 137.229 75,267 4,773 4«,212 25,258 9,569 106,515 8,461 9,375 133,073 2,367 18.118 10,570 6,189 57,687 5,719 2,425 44,408 R'ys. Co... Atlanta Ky. & Power. Btngbamton Ry.. Br'klynRap.Tr.Co.. Chicago & Mil. Elec, Chicago Union Tract. Oln. Newp. St, <fe Cov December. October... 51,571 C8,3(^0 64,1."=6 November. 13,615 12,554 November. 942,018 939,877 November. 9,781 7,598 October.. November. City Elec. (Rome.Qa.) November. Oleveland Electric t. December. Cleve. Palnnv. <feE... December. Oolumbus (O.) Ry.... October... CoBsol. Trao. (Pitts.) December. Dart.<feW'port8t.Ry. December. Denver City Tram.. November. Det. Roob. Ro.A L.O. October... Detroit United Istwk Jan. Onluth Sup. Tract. . Duluth St. Ry.... J Easton Consol. Elec. Galveston City Harrisburg Traction. Herkimer Mohawkll ion&F'kfortEl.Ry. Internat'l Traction— 44 §53,,=^ Ry.Dec. Jan. 1 to Dec. 31 July 1 to Dec. 31 ... 4,849 5H.005 27.061 10,143 111,853 11,043 8,698 131,892 4.031 61,686 40,138 38,395 425.887 237,046 24,744 294,907 167,072 1,900,403 Lehli^h Traction, a Dec. Jan- 1 to Dec. 31 Lond'u St.Ry.(C an. Dec. New Castle Tract.. Dec. Jan. 1 to Dec. 31 New London St.Ry Dec. Jan- 1 to Dee. 31.... July 1 to Dec. 3i.... Northern Ohio Trac. Dec. Jan. 1 to Dec. hi.,.. July 1 to Dec. 31.... South. Ohio Tract. Dec. Jan. 1 to Dec. 31 United Trac (Pitts ) Dec. July 1 to Dec. 31 December. October... August December. December. 440132 isi'.oes "77,2V5 151,411 633,043 679,OtO 6,138,779 6,075,886 63,C07 e0.089 718,357 652,364 3,000 2,821 36,975 25,35!i 185.455 163 97t 2,057,016 1.504,969,925 141,112 8,654 121,886 8fs,677 76,216 822,445 249,445 226,4<j7 7,824 103,527 6,988 100.9C8 109,768 94.163 1,187,727 I,l20,3t5 H.35< 1,626 53.^39 43,391 40,947 87,279 82.256 36,839 35,431 21,438 22,317 220,374 147,511 157.446 28',740 '26,25"7 343,45b 312,942 4,849 4,773 53,005 Interest Charges Lehigh Traction December. Lorain & Cleveland.. November. Los Angeles Tract.. AugUBt Mass. Elec. Co.'s November. . Metro.(Elev.)(::Mcago December. Montreal Street Ry.. December. Muscatine Ry Ry November. Not ember. New Castle Traction. December. New London St. Rv December. Newburg St. St. Norfolk Ry. & Light November Northern Ohio Tract December. Norwalk Tramway Septem'er. Ogdensburg St. Ry.. November, Olean St. Ry November. . Omaha <fe Coun. Blnfl Ry. & Bridge October... 19,347 21,372 201,03'177.333 Philadelphia Oomp'y December. 276.301 220,025 2,432,881 1,867,591 Pottsv'e Union Trac. Septem'er. 13,48;-< 11.89& 109,527 98,567 Railways Co. General December. 16,330 Richmond Traction.. November. 14,753 'l"6,i26 188.929 159!652 Sacramento Electric Gas A Ry November. 32,37>Boranton Railway. .. November. •45,110 Seattle Electric Co. Septem'er. Southern Ohio Tract. December. Btaten Island Elec .. November. . Terre Haute Elec.Co. Toronto Ry. Twin City Rap. Tran Union (N. Bedford) United P. & Transp.. United Traction— ) Albany City \ United Tract. (Pitts,) United Tract. (Prov.) . November. November. November. December. December. December. December. December. Wilm.ifeN.CastleKleo. October... Worcester* Marl'b'li November. 97,.S31 24.74^ 13,342 21,22.128,.= 49 239,714 20,546 Unc. 8, 115,759 167 072 202,133 5.977 4,921 30,340 340,799 298,935 48,688 501.163 476,139 77.109 786,093 617,748 19,576 294.907 ?40 317 13,406 196,467 190,861 15,172 102 502 1,357,200 1,191,163 210,977 2,582,536 2,286,164 IP.OIO V52.026 223,352 180 kinc 214 082 109,899 1,331,45^ 1,268,011 151.608 1,900,403 1.688 691 176,1)5 2,360,756 2,020.5t:0 3,504 4,988 64.156 62.015 Scranton RaUway, Soranton Plttston, & a*/"l'^""®i'7?"l^*y Boranton A Oarbondale and Oarbondale Railway, t Strike In Cleveland In 1899 ^'"' November due to loss by fire of power station and „io?i^''^?^", nearly all of company's cars. I These are results for properties owned. ^ <'^^*'" 537,029 1.801 40,43» 117,206 l,019,f2» 10,149^ 114,448 63,818 2,451 52.581 12,240 5,090 46,514 3,141 2 899 44,817 3.201 780 311 66,189 33.946 32.959 362,702 199,216 19,576 240,817 151,608 18,770 15,829 16,306 164,508 94,234 10,405 140,542 79,126 454,940 18,763 14,782 13,186 121,765 75,692 9,123 103,117 72,457 432,29 2 l,6fc8,691 — C;ev. Palnefv. * E Jan. 1 to Dec. 31.... Cor s. Trac. (Pittab.)Dec. Apr. 1 to Dec. 3u... United Trao. (Pitts.) f Deo — <-Bal. of Net «am'«.-. Ourrent Previous Tear. Tear. Previous Tear, Tear. * 19,475 20,541 61,543 71,059 63.831 61.132 41,968 €0,337 544,019 41,796 »105 039 t897,324 37,158 44,911 461 <84.58S t726,727 30,661 tThese figures Include other income. After deducting $86,476 for interest on funded debt and dividends en preferred stock in December, 1900, and $'4,935 in 1899, there is a surplus <f $18,563 this year, against $9,651 last year. From April 1 to Dec. 31, 1900, interest and dividends were $77 8,572, against $673,929 in 1899, leaving a surplus this year of $118,752, against $52,798 lastf ear. ANNUAL REPORTS. 46212 10,143 9.56H 111,853 106,516 11,043 8,461 7,829 8,542 73,607 72,i42 6. 378 6 618 89 886 86 282 14,692 12,845 126.98.=) 105,615 401,709 379,433 4,946,860 4,541,021 137,655 1,572,548 1,427,512 147,978 137,682 5,915 5,408 62,657 55,304 6,533 6.305 90,562 82,5eo 8,69." 9,375 181,892 133 073 4.031 3,201 61,686 56 189 {29,904 30.104 424,180 379,C06 3P,395 32,959 42.>,HW7 362,':02 b,450 7,599 61,820 57,738 1.679 1,554 20,4,S8 20,"25 3,934 3 842 47,462 43,040 5,452 and Surplns.— The following Street Roads. CTeveland Electric Dec. (Btitfalo) November. 233,935 197,127 2,450,597 2,226,155 Johnstown Pass. Ry. November. 15,524 13,070 168.777 l: 6,958 Kingston City Ry.... December. 4,817 4,812 68,038 66,647 London St. Ry. (Can.) December. Lorain St. RaUway.. Seprem'er. 3 * 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. —Ourrent 491,880 166,109 Tear. tlion & Frank. El. Int., rentals, etc. American — , Lehfgh Talley Railway. fFor the year ending Nov. 30, 1900, J On pages 140 to 143 are published extracts from President Welter's report for the year, together with the income account acd balance sheet in full. Following are the results for several years: OPERATIONS, ETC., IKCLCDING BEVENUE OPEHATIOKS ONLY. 1899-00. 1,399 „,, ^ ^ Miles operated — Operations Anthracite coal carried (ton?) Bituminous coal & coke carried (tons). Miscellaneous freight carried (tons)... Total carried (tons) Coal carried 1 mile Tons miscellaneous freight 1 mile Total carried 1 mile 7,761,058 1,114,162 8,565,250 8 4C1 077 '794'887 8,467|046 17,430,470 1,189.235,786 2.089,000,446 17,663,010 1,281,098,202 1,997,343,262 3,278,236,232 3^278,441,464 0-706 cts Average rate per ton per mile coal 0740 Average rate per ton perm.,mls.frelght C-429 Average rate per ton per m. total ton'e 0-542 Number pafpengers carried.. Number pa-sengers earned 1 mile ots. cts. ets. 4,717,849 159.761,959 1-852 cts. Average rate per passenger per mile.. KABNING8 AND EXPENSES. Earnings— 1899-00. From From From From From coal miscellaneous freights passengers express and mall... other Items Total groaa Expejises— .^ Maintenance of way. etc Maintenance of equipment Conducting transportation General Total Per cent of expenses to earnlngB Net earnings 1898-99. 1,404 $9,413,472 9,659 172 2,9?9,378 399,727 bl7,531 041 2 ots. 527 ct.«. 4,604,932 151 90.">.544 1817 ct«. lg9S-99. $9,-07,031 9,072 323 2,760,401 3f>7,695 721,711 $23,049,282 $:2,659,161 $3,561,926 4,733,198 9,909,899 732.^98 $3.S,';4.S04 $19,242,421 $17,.'^60,942 (83-48) $3,806,861 '^ ." < '. u> :- v.c-0 (77-60 $.'i,099,219 THE CHRONICLE. 134 INCOME ACCOUNT. Net earntngB Receipts from 1899-00. $3,806.S61 1,055.785 Invest., etc Total $6,061,734 $7,014,112 $632,808 254,883 290,684 $6=0,639 20,393 231,790 2,174,875 2,649,S95 827,304 30,533 $574,852 2,fi47,995 Rentals of leased lines Interest on L. Val. coal bonds. »825,700 Miscellaneous Total charges $6,940,443 def.$2,077,797 Balance 1897-98. 1898-99. $6,098,209 963,615 Balance of Interest aeoount... Loss on -water lines, etc Interest on bonds & car trusts 2,288,375 280,073 2,233, ".21 2,650,645 831,058 $6,540,011 $6,584,929 def.$523,194 8ur.$474,104 LEHIGH VALLEY RAILROAD BALANCB SHEET NOVEMBER 1899. 1898. $ $ $ 18,6i9,292 23,818,420 1,431,607 18,639,292 20,0)8,^20 1,349,261 18,639.292 19,018,420 1,770,080 684,469 706,546 717,494 cluded In Leh. Val. system... 18,060,367 Stocks of allied coal companies 1,257,921 6,493,259 Stocks of other companies 18,035,171 1,261, 79S 473.649 18,162,076 1,262.558 348,649 3,398,926 6,400,000 944,183 79,000 3,398,926 6,400,000 97,003 3,398,926 6,400,000 997,183 79,003 900,000 900,000 900,000 5,867,483 1,374.106 5,633,000 909,006 5,579,707 613,798 1,691,366 2,046,190 9,528 1,522,344 1,925,142 833,349 259,613 1,596,650 199,043 485.918 3,226,214 3.215,341 1,910,584 3,215,341 3.215,341 100,125,285 90,887,381 90,094,796 40.441,100 49,350,000 365,745 40,441,100 40,675,000 1,367,479 40,441.100 39,825,000 1,097,295 215,021 1,461.337 413.417 239,875 776,196 2,163,867 1,521.351 269,724 470,489 246,828 235,521 1,459,941 116,657 239.875 778,298 1,418,000 498.163 331,263 482.826 578,970 188,500 1,104,487 452,0i2 142,564 280,514 96,174 Equipment Real estate Securities owned Mortgages receivable Stocks of RB. & water lines of BR. and water In- lines included in Leh. Val. system. of Leh. Val. Coal Co.... of other coal companies of other companies Oar trust certs. Lehigh Valley Bands Bonds Bonds Ter. By to EB.and water lines included in Leh. Val. system.. 97i!,183 Advances Material and supplies on hand.. Current assets- Cash Cash in London Due by station agents Dueby Individuals and COS.... Traffic balances. Bills receivable and call loans. Advances to Leh. Val. Coal Co. Advances to other coal COS.... Advances to other companies. Contingent assets—Ph. BR. & ProfltandlosB Total Liabilities — Capital stock.: trusts Depreciation of equipment Current liabilitiesMortgage on real estate Accrued bond int. & rentals... Int. and principal car trusts... Int on Leh.Val. Coal Co.bonds November 14.'S,803 476,443 9, "'84 1,618,703 780.335 877,947 264.763 l,!i96,650 233,288 481.584 Read.. lessees Funded debt and car 1,378,940 607,225 810,695 9,863 500,000 pay-roll Audited vouchers Individuals and companies Miscellaneous Tax accounts Lehigh Valley Terminal Ry. Insurance fund "Bee Ltne'C Phil. & Beaa. RB. lessees, con'n. Phila.A Read.BB. lessees, equip. Unadjusted lease accounts Miscellaneous Profit and loss to balance 1,104,487 452,041 145,940 484,873 1899-00. 1898-99. 1897-98. 1896-97. Gross earnings Operating expenses $739,745 477,319 $668,334 406,648 $603,620 389,186 $636,533 378,474 Net Other income $262,426 $261,^86 $214,444 $258,059 2,538 8,526 5,228 3,206 Total Income $274,959 Charged to Income— $69,435 Taxes 30,2' Dividend (7) 210.000 $270,212 $219,672 $261,265 $69,435 24,183 (2) 60,000 205,602 $69,435 25,206 60,0 )0 32,733 $69,435 25.519 (3) 90,000 39,566 $187,374 $224,520 1 Interest Sundries 1,141 Total Balance* 8ur.$165,659 $359,220 $310,779 df.$;9,008 8ur.$32,298 sor. $36,745 *The accumulated surplus .lune3O,1900,was $476,488.— V. 72, p. 45. Cleyeland Electric Railway. ^Statement for year ended Dec. 31, 1900. circular letter to the sharehoMers affords the following A Gross earnings all sources Operating expenses and taxes 1900 1899 1898 $2,061,435 1,119,587 $1,509,003 967,945 $1,739,332 1,046,593 $941,848 258,483 $541,058 227,564 $692,739 209,321 Netearnings Interest Balance for stock $683,365 $313,494 $483,418 54-38 6414 ot. oper. expenses and taxes.. 6086 The 4 Der cent per annum on the $13,000,000 capital stock calls for |520,000. The earnings in 1899 were seriously affected by a strike and boycott. V. 71, p. 341. Per — Metropolitan West Side Eleyated RR. of Chicago. CStatement for Period ending Nov. 30, 1900. The following data were given out at the recent annual meeting: PASSENGERS CARRIED FOR 12 MONTHS ENDING DEC. Passengers carried Assets—' Coallands Colliery improvements Coal storage properties, etc Treasury stock Securities owned Advanced royalties Current assetsRoyalties due by leseees Cash 346,352 1,479,108 241.396 726,354 1,141,290 81,619 678,714 420,0:3 974,598 176 000 1,101,487 452,042 145,890 763,528 90,887,384 90,094,796 30. 1898. $ $ 4,428,200 3,652,789 745,199 387,909 4,763,054 612,444 4,465,924 622,444 4,2.0,402 54,614 24,806 638,912 141,386 3,242,009 24,713 43,423 1,605,051 165,178 1,378,320 33,054 396,848 337.607 3,308,607 21,846 Bills receivable 103,954 Due by Individuals an icomp'les 2,373,443 Advance insurance premium.... 25,369 Sinking fund 284,928 Stock of coal on hand 503,908 Materials and supplies on hand... 252,556 Profltandloss 2,264,820 Total 1899. 5,133,511 3,490,235 694,005 350,000 819,?S89 21,501.897 21,168,442 S 4,523,890 8,826,217 803,209 Gross $1,199,975 Operating expenses— Maintenance way and works Maintenance of equip- ment Conducting tr anspor'n. General 30.489 61,594 871,987 53,670 Total Income $684,916 Charges — Rental Penn.Ry.cross'g 8,925 Rental Uni'n Consol.El. 15,263 Rental Union Loop 117,098 Taxes (estimated) 40,902 Interest on bonds 286,073 Total $463,261 Balance for stock, Nov. penses $518,041 30, 1900 $216,654 As the fiscal year of the company ends Feb. 28 the report presented at the meeting dealt with 10 months only and results for December were estimated. The company's income account shows the following: Surplus earnings applicable to dividends in the year and 26 days ending Feb. 28, 1900 $273,100 Preference dividend, 2^ per cent, paldFeb. 28, 1900 217,702 Balance Feb. 28, 1900 Surplus earnings Feb. 28, 1900, to Nov. 30, 1900 Total Preference dividend, 2 per cent, paid Sept. Balance profit and loss credit 21,187,380 mortgage 5 p. c. Snow Shoe bonds 375,000 Depreciation of coal lands 557,204 Due Lehigh Valley RR. Co 500,000 credit including acc'ts, Sundry due operatives for November... 1,451,693 Total —V. 72, p. 85, 87. 21,501,897 650,000 11,574,000 5,000,000 650,000 11,637,000 5,000,000 875,000 464,158 375,000 415.748 1,596,650 1,596,650 1,508,634 1,512,981 21,168,442 21,187,380 $^72,051 174,162 1900 Nov. 30, 1900 $97,890 dividend at the end of the year. BALANCE SHEET NOVEMBER 30, 1900. Liabilities — Road and equipment..$25,965,851 Bal. profit and loss... Bonds in treasury 192,000 Preferred stock Pref. stock In treasury Securities 291,900 hands in purch'g committee.. 26,461 208,235 23,323 18,457 Cash Materials on hand Accounts receivable.. Douglas Extension Park line Park 35,013 line Total -V. Common $97,899 9,000,000 7,500,000 10,000,000 12,020 stock Bonds Coupons unpaid Interest accrued, not due 180,773 Accts. payable (pay- 99,058 roll, etc.) 116,792 Garfield £:^tenslon Taxes accrued mated) Balance $26,878,032 Total (esti- 36,177 2,113 . $26,878,032 71, p. 288. Alabama Consolidated Coal & Iron Company. {Report for the The first fiscal year ended Oct. 31, 1900.) report shows income account as follows Gross earnings Operating, taxes and other expenses 1, l,501,3b'6 $240,021 37,869 1899 Dividends, including that due Nov. Balance forwardNov. 1, 1900 as above Iron sales $858,743 226,537 Coke sales sales 259,939 Coal Store sales 335,249 34,029« Rents collected The gross earnings Sawmill : $1,741,387 Netearnings., Balance Nov. 1,000,000 gold loan. .11, 514,000 Five per cent gold bonds 5,000,000 Delano goldjbonds 1,104,000 First 1, $55,397 216,654 Net earnings for December are officially estimated at $31,000. January and February estimated at $55,000 more, giving a total surplus more than equal to another 2 per cent 47,'732 1,862,574 96,139 1,086,800 Liabilities.. Capital stock Increase. 2,940,721 DaUyaverage 86.277 8,058 EARNINGS, EXPENSES AND CHARGES FOR 9 MONTHS TO NOV. 30, 1900. Passenger earnings $1,167,245 Netearnings $681,934 Miscellaneous 32,729 Int. on balances, etc... 2,982 Totskl operating ex- LEHIGH VALLEY COAL COMPANY BALANCE SHEET NOV. 1900. 31. 1899. 28,550,255 78,219 1900. 31,490,976 Asscts~~ 100,125,285 Total (2) 30. 1900. — ("Statement for the fiscal year ending Jane 30, 1900.) 19, ^^SS Note. -The above statement Inolurles Interest on the first mortgage guaranteed 58 of the Lehigh Valley Coal Co., but not Its jtroes and net earnings, the deflolt under operating expenses for the late jear being /I, against net In 1898 9 of $51", 480 and def. in 1897-8 of t340,l 419,709. After providing also for colliery Improvements, etc., there was a deflolt on account of the coal company in 1899 00 of $869,817; In 1898-99 of $2,- 9,270 and In 1897-8 of $1,142-807, these amounts being carried to debit jof profit and loss. See detailed statement for coal company on page 143. Assets Cost of road [Vol. LXXII. The Western Railway of Alabama. $4,862,646 Deduct— Taxes Bonds J J 8 . 12,690 1, $277,890 158,033 1900. $119,857 include : Brickkilns Royalties Miscellaneous. Total $5,087 9.908 4,206 $1,741,888 J January J ^ J THE CHRONICLE. 19, 1901. BALANCE SHEET NOY. 1, 1900. Assets— Properties, Inoludtni? stocks oonstlttient companies. ,290,000 248,825 Properties subsequently acquired Improveiuents Material and sappUes on hand Iron on hand £87,3' 34.437 87,6(13 Mercliandlse In stores Insurance paid In advance Accounts and bills receivable 3,496 71,911 845 Cash 58,286 Total $6,408,566 Liabtliiies— Preferred stock Common stock Tax accrued . $2,500,000 2,500,000— $?,00P,000 6,8(^0 Accounts and bills payable Reserve for prospective repairs Dividend for 3 months ending Oct. 31, 1900 Profit and loss : Net cash assets after paying dividends on the preferred stock and all other charges on Deo. 31, 1900 $10,046,360 5,471,693 Do. on Dec. SI, 1899 an expenditure of |248,675 27. 71, p. 289. American Pipe Mannfactarlng Company. fiscal year 1900. $4,574,667 The year's earnings, we are officially informed, may be ascertained by Tadding to this increase of $4,574,667 a year's dividends on the preferred stock, namely, $1,282,750, making a total of $5,857,417. Warner M. Leeds has succeeded as director W. D. Donner, resigned.— V. 73, p. 89. Consolidated Gas Co. of Baltimore. f Statement for year ended June 119,8' $5,408,566 stated, represent Increase In net oat^h assets dnrlng the Equal to I6I3 per cent on the common stock. 4),f-8ii Total —V, and a first acnu'nl dividend of 8 per cent on the common, and charged off .$1,500,000 for depreciation. The official statement contains the following 225,396 14,539 The additional properties acquired since the company was it is 135 2.'5.*-07 OfiSce fixtures organized, JJ 7 Hambletcn 30, 1900. & Co. in their weekly circular furnish the followicg official statement for the past four years: Oasaold. feet Receipts from gas Other sources 1 sold... Total Operating expenses 1899-00. .347,078,2«0 IS97-98. 1,340,156.300 $1,671,296 34,020 1898- P9. 1,£81.114,200 |l,e63,H03 26,435 34.i.'31 $1,651,292 i3,b95 |1,705.B1G 901,613 $1,089,328 82u,62l $1.70»,226 «o7,9«4 $1,674,687 818,706 $804,403 $868,807 $861,282 $825,981 (^Statement of Lee, 31, 1900. 1896-97. l,3iil,083,EOO $1,875,195 387,'; 20 3»6,b(57 386.241 381,170 on this company's stock at $5*^0 Interest on bonds per $100 share was recently reported to have expired. The Surp. applicable to divs.. $417,516 $481,087 $465,0U $441,811 "Philadelphia News Bureau" furnishes the followiDg data The franchise is perpetual, and the company is the only Dividends— ) 1890. 1891. 1892. 1893. 1894. 1895. 1896 to 1900. ore in Baltimore City authorized to make or furnish gas. Percent. 5 6 8 W^ 13 12 yearly 6 (?) There are outstanding .$3,584,500 first mortgage 6 per cent The net earnings for 190O aggregated $266,402, against bonds due July 1, 1910, and |3,253,000 first consolidated $201,663 in 1899 dividends each year, $96,000. The company mortgage 5 per cent bonds due July 1, 1939.— V. 71, p. 1313, owns the following water companies 1122. The option of a syndicate : ; : Borough of Clayton, Township of Glaanboro, WUdwood, WestvlUe and Newbold, Waukesha, Paris Mountain, Greenville, upellka, Berkley & Sonth Norfolk Water & Electric, IMilledgeville, TaUahaPsee. La Orange, Dawson, East Jersey Coast, North Springfield and Norfolk County. The manufacturing plant is at Germantown Junction, Springfield, Eddystone, Philadelphia. BALANCE SHEET DEC. Bonds $1,040,4 00 Stocks Unfinished contracts... Real est, unenoumber'd Book accounts Merchandise Municipal warrants Cash In banks 31,' 1900. Liabililies— Capital stock 283,452 23,410 36,807 Undivided profits Dividend due Janaary 1,1901 35,.'>15 Unfinished contracts.. Sub-contractors' guaranty 35,949 6,729 $800,000 757,593 24,000 47,196 15,446 181.972 Total $1,644,236 Not included in the above statement of assets are the lowing fol- : 26,639 shares of the capital stock of water companies in process of development, amounting at par to $1,701,700. Sundry bills receivable, not Immediately collectible, amounting to $126,228. All patent rights acquired by company, factory buildings and machinery con- See also Depew & Germantown Junction. Lake Erie Water Steel Co., V. 72, p. 90.— V. 69, Company. ('Report for the year ending Oct. 31, 1900. J The results for the year were : 1898-99. Iggg.Oft^ Net profits from operation $3,943,258 $2 486,057 Deduct 4 per cent guar on $8,468,0C0 Cambria Iron stock $338,720 $338,720 Interest on $2,000,000 Cambria Iron 69 120.000 Depreciation Other deductions 481,151 31,000 Balance Dividends on Cambria Steel stock Balance Carried forward Credit profit and loss end Of year 98,960 $3,092,387 2,.' 60.000 $2,027,337 1,120,000 $532,387 1,203,129 $80?,377 394,752 $1,735,516 $1,203,129 There has been expended during the year in new property and plant $2,441,417. The usual quarterly dividei-d of 50 cents per share was declared, payable Feb. 15th next. also item on page 138.— V. 72, p. 89. See American Tin Plate Company. (Statement for \ear Ended Dec. 31, 1900. At the annual meeting on Tuesday the following was made public : BALANCE SHEET OF DEC. Assets— Plants, rentals, etc Merchandise Inventory Accounts receivable Cash Securities purchased Other securities ^ Total Liabilities — Preferred stock Common stock Mortgages assumed Accounts paid over Surplus Total From 31. 1900. $43,4f 4,160 4,851.544 1,468,193 3,367.246 1,127,802 1899. $43.404,5C8 4,951.925 1,518,247 989,9^4 375,000 $54,683,945 Statement.) The stockholders recently voted to decrease the stock $1 ,867,000 common and $1,304,200 cumulative 8 per cent preferred (par $100) to $510,000 of common and |1, 000,000 non-cumulative 8 per cent preferred, par $10. Of the new stock there will be held in the treasury $172,440 common and $347,900 preferred. An tfficial statemeLt eays The balance of profit and loss account in tach financial year, per Auditors' Reports, has been as follows : from : Loss. Divid. paid. Profits. 1893 1894 $105,566 26,140 $106,ii40 20,268 $2,831 1>^96 118",693 1897 1898 1899 1900 24.763 78,020 51,880 none, none, none. 12.345 14,092 29,556 of the $261,606 $269,984 $58,824 Totals The expectations company when it was organized have not been realized. This has been due to several causes. Since 1892 the has been centered in Louisiana, which State has far outstripped all others in the advantages and extent of production. The result has told upon the mills of the company in North Carolina, where the production has fallen oflf from year to year and operations have finally ceased to be carried on with profit. These mills were for years a constant source of expense. Two of them have now been s< Id and the third (and last) it is Intended to dispose of shortly. The company, with a view of increasing its earnings, established in New York City and New Orleans a distributing company for the distributing of its products. They also erected a mill in the city of Brooklyn, N. Y., for the purpose of milling foreigu rice. Both of these ventures proved unprofitable. The distributing business has been sold. And the Brooklyn mill has been moved to Crowley. La., which place is in the midst of the rlce-produclng country of the United States, and it la firmly believed that that mill will, from now on, be profitable. The present position of this company Is that of a producer without any unproductive inactive proper'y on its hands; and it is the expectation of the management that the company will be able to earn and to pay regular dividends upon the said proposed Issue of preferred stock, and in time to make some return to the common rice industry p. 1197. Cambria {Offleial 1895... Total $1,644,236 tained therein, situated at National Rice Milling Co. $50,864,665 stockholders. The gross profits from the operation of the New Orleans the year ending July Slst, In each year, were as follows 1893 1894 1895 1896 1897 $129,2^6 54.031 36.096 152,175 73,579 $18,325,000 28,000.000 270.000 1.656.239 2.613,426 -..$54,683,945 $50,364,665 the profits for 1900 the directors this week declared a fourth quarterly dividend of 1% per cent on the preferred for 1898 1899 1900 $45,303 36,385 27,394 Annual av erage $69,331 The present expenses of administration and manageaient, including officers' salaries, etc., it Is estimated, InohnUng the reduced taxation on the proposed new issue of stock, will not exceed $14,000 per annum. Deducting these expenses from the average gross earnings of the New Orleans mills as above leaves applicable to dividends $55,331; deduct full dlrldends upon the proposed preferred stocft,$52,16!9, leaves a balance of $3,163. The anticipated earnings of the mill now erected at Crowley. La., are not considered In the above figures. This mill, however, bhould prove profitable. The whole management of the company has now leen concentrated at New Orleans, La., and will also exercise direct supervision over the operation of the Crowley mlll.-V. 71, p. 1223. 1123. Swift & Company. f Report for the year ending Dec, 1900. Total distributive sales$170.oii0.000 (7'=;) Dividends $1,400,000 Lard. 1900.. 24=^.7 18' 9. .230.1 1858. .156.2 1897. .161,7 1896. .129.1 1895. .110,3 * Neatsfoot. Wool. 6.8 *(Hl. 4,1 6.5 6.5 5.3 3,3 4,9 3,9 S,9 3.5 3,3 3,1 $160,000,000 '>$1.400,000 18P7. 189?. HSi .(«>0,0<V) $1 l,^9S,f70 $ii36.033 {' (in pounds— 00,000's omitted) Fer6hie. Hides. tilizer. 1 9,1 98.0 6,9 104.7 90.7 6,2 86,2 90.1 5,5 66,9 78.9 5,7 63,9 73.9 5.1 60,7 70,1 4,9 t SI, 1900. 1899. MANCFACTCBED PRODUCT $18,325,000 28,000.000 195,0C0 948,424 7,216,521 mUls : Inoluillng grease. Other fTal oU. 64,4 eo,o 61,6 53.7 48,4 41,6 Put- low. ierint, 12 1 37,0 31.3 26.0 23.4 16.9 11.7 8.1 5,5 7.5 — THE CHRONICLE. 136 Assets BALANCE SHEET JJECEMHES — Keal estate, &o $11,680,049 Unexpired insurance.. 67,601 Horses, wagons and harness Investmeuts, Including branches <3uiok assets- 101,288 3,893,901 Sundry stocks Cash Accounts receivable Equity over amount 1,814,658 1,362,439 6,525,624 ar'uonconslpn'ts.. cattle, shfep, hogs, dressed beef & other products on 2,090,0:1 hand 9,185.039 31, 1900. Linbilifies— Capital stock paid in. $20,000,000 2,500,0 Bonds ing that he never owned a share of stock and that the idea of the Northern Pacific or the Great Northern leasing the road has never been entertained. V. 72, p 86. Bills payable Accounts payable Due Swift & Co.'s con- 9,271.798 883,859 Cincinnati Lawrencebnrg & Aurora Electric Street RR. Co.— Bonds 0/e;ed.—The Union Savings Bank & Trust nections Surplus. 1,618,959 2,446.005 Co. of Cincinnati has been offering at 105 and interest $650,000 of this company's $750,000 2a-year 5 per cent 1st moit, gold bonds, due July 1, 1919. An advertisement says : The net earnings of the road for the eight months during whloh it has been in operation (the road having been operated over the entire line for the last four months only) are in excess of the amount required for fixed charges for the full year, including interest on the entire issue of bonds. No dividends will be declared on the stock for five years. A large surplus fund will be thereby created available for betterments and extensions if advisable, thus enhancing the value of the underlying security. The balance ($100,000) of the $750,000 issue will be held by the Union Savings Bank & Trust Co. for investment.— V, 69, Live Total assets. -V. 71,p. 506. fVOL. LX2II. .$36,720,621 Total liabilities... $36,720,621 — p. 743. GENERAL INVESTMENT NEWS. BAILBOADS. INCLUDING STREET BOADS. Akron & Cuyahoga Falls Rapid Transit Co.—Again Sold. Northern Ohio Traction Co, below.— V. 71, p. 1166. Bessemer & Lalte Erie R R.— Leas*?.— See Pittsburg Beseemer & Lake Erie RR. below. Bafifalo Rochester & Pittsbarg Rj.—Deal 0#.— The "New York San" says the negotiations for the sile of this property to the New York Central are now off. The road was offered to the Central, it says, at a certain price and the offer was — ^See declined. — Dividend. The company on Tuesday declared its first divi dead on the common stock, namely 2 per cent, payable Feb. 15 to stock of record Feb. 6, when the usual dividend on the preferred will also be paid.— V. 71, p. 1119. Central Railway & Electric Co. of New Britain.— Called Bo7ids. —The first mortgage 5s, having been called for redemption, were paid at 104 and interest on Jan, 12. Tlie company one of those included in the new Connecticut Lighting Co., which see below.— V. 69, p. 1197. Central RR. of New Jersey.— Terms of Sale—Optim to Minority infer^sf. — President J. Rogers Maxwell on Monday made the following announcement: "The holders of more than a majority of the stock of the company have sold through George F. Baker to J, P, Morgan & Co. a controlling interest in the company at the price of $160 per share, deliverable and payable at the purchasers' option within four months of Jan. 4. 1901, with interest from that date at 4 per cent per annum, the dividends meanwhile accruing to the purchasers. The sellers desire to give opportunity to all owners of stock to participate in this sale on equal terms, and the privilege is accordingly extended to you to contribute one-half of your holdings." This applies to stock of record Jan. 12, Tne option expires on Jan. 21.— V. 72, p. 86. Railway is & Chesapeake & Ohio Uy.—New Line.—The company's Greenbrier Railway has been completed from Whitcomb to Cass, W. v., 82 miles. It will be extended in the spring from Cass to Darbin, 14 miles.—V. 71, p. 1810. Chicago Burlington & Qaincy RR.— J/icrease in Stock.— Toe directors on Wednesflay voted to offer 10 per cent of new stock at par to stockholders of record on Feb. 7. This will increase the outstanding stock to about §109,000,000. The proceeds of the new issu-?— nearly $10,000,000— will be applied it is said about as follows: To redeem sinking fund 53 due Oct. 1, 1901, $2,315,000; to reduce grades and straighten curves on the main line in Iowa, about) |2,00 3.000; to build the Big Horn Basin road, extending from Toluca, on the Billings branch, to Cody, Wyo., a distance of 120 miles, about §2,000,000, including $.500,000 already expended; for equipment, real estate, etc., about $3,685,000. The country to be opened up by the new line is thought to be a promising field for mining and agricultural development. The right to subscribe will expire at 3 p. M. March 1. Stock paid for in full March 11 will participate in the dividend of June 15. Subscribers who wish to defer payments •will be allowed to pay 2 J per cent March 11, 1901, 50 per cent May 31, 1901, and 30 per cent Aug. 1, 1901. and certificatps of stock, which will participate in all dividends thereafter paid, will be delivered at the time of the final payment; in terest on snch deferred payments will be paid at the rate of 6 p c, per annum from their average date (June 3, 1901) to June 15, 1901 The directors also declared the usual quarterly dividend of 1}4 per cent.— V. 71, p. 1268. Chicago City Uy.-New Sfocfc.— The shareholders on Tues day authonzf d $5,000,000 new stock, making the total authorized |18,50O,OCO. Of the new issue, $4,500,000 is offered at par to shareholders, to provide for the $4,619,500 4>^ per cent bonds maturing July 1 next. .Earnings.— Earnings for the year ending Dec. 31 are reported by telegraph as follows: - Interest. 1900.. 555,543,180 $1,888,178 $207,877 1399 5,194 440 1,868,763 207,877 fnSJ!- a,r ^.^S^'n^ *, Z^^'' Dividends. (12%) $1,575,000 (l20/o) i;449.997 Bal.,8w: $105,301 210;888 Chicago Milwaukee & St. Paul Ry.— J, J. HilVs Statement.— James J. Hill, President of the Great Northtrn Ry,, was recently quoted as admitting that he had purchased a small amount of St, Paul stock. He is now quoted as say- Cincinnati Portsmouth & Virginia RR.—SaZe to Norfolk IFies^frrt.—Tke Pennsylvania interests which recently purchased control of this property have arranged to transfer thesame to the Norfolk & Western in which the Pennsylvania is a large stockholder. The new acquisition will give the N. & W. Cincianati terminals and close connections with other railroads without, it is said, altering its relations with the Cleveland Cincinnati Chicago & St. Louis Ry.—V. 71, p. & 1310. — Cincinnati Street ILj.— Meeting Feb 21 to Act on Lease will vote Feb. 21 on a proposition to lease the property through the so called " Widener-Elkins Dolan" syndicate for 99 years to a company to be organized probably under the laws of Ohio. The lessee will guarantee the stockholders a dividend at the rate of 5)^ per cent for the first year, b% per cent for the second year, h% per cent for the third year, and 6 per cent for the fourth year and thereafter. —V. 72, p 86. Connecticut Lighting & Power Q,q.— Change of Name.— The company has been granted permission to change its name to the Connecticut Railway & Lighting Co., which see below.— V. 72, p. 44. Connecticut Railway & Lighting Co.— Fiirthfr Acquisitions.— Thif^ company, whose properties were enumerated in V. 71, p. 1269, is said to have purchased the Westport Water Co. and the Westport Electric Lighting Co. Called Bonds.— Bee Central Railway & Electric Co. above and Waterbury Traction Co. below.— V. 72, p. 44. Denver & Rio Crrande RR.—Jlfr. Schiff a Dir c?or— Jacob H. Schiff, of Kuhn, Loeb & Co., has been elected a director to fill the vacancy caused by the death of Chas. C. Beamaa. V. 71, p. 1166. Detroit Citizens' Street Kj.— Terms of Exjhange.-See Detroit United Ry. below.—V. 71, p. 1310. Detroit Port Huron & Shore Line Rj.— Bonds to be Offered.— The Union Trust Co. of Detroit and the Cleveland Trust Co. of Cleveland and their associates, it is stated, will shortly offer for sale $l,200,r.00 of the company's $2,500,000 5 per cent 50-year bonds of 1900. See Street Railway Supplement, page 35.—V. 70, p. 636. Detroit United Railway.— .Sac^awgre of Minority Stock. To assist in the acquisition of about $2,000,0 of minority stock in the old companirS, the Cleveland Trust Co. issued its interim certificates. An exchange says: The shareholders — In order to facilitate the exchange of interim certificates for stock of the Drtroit United Railway the books lor the traneter of interim 18, and reopened at a a. m. certificates will be closed at 3 p. , Jan Jan. 25. New certificates of stock In accordance with the contract of issued interim certificate to holders of record Dec. 1, 1900, will be upon delivery of the certificates at the office of the Cleveland Trust Company— and the payment of the assessment. The assessment will be equal to 43 cents per share on each share of the Detroit United m Railway stock received The Detroit United Railway fractional shares have been underwri'ten at $72 per share, and holders may elect to bay or sell fractions at that price as they prefer. E-tch holder of 10 J shares of receipts of stock of Citizens' Traction Company will receive 13 7 31-91 shares of Detroit Uuited Railway Company. It is reported that the latter cornora ion will commence The payment of quarterly dividends at an early day— probably April 1. V. 72, p, 44. Erie HB,.— Circular Respecting Purchase of Pennsyh^ania Coal Co. —A circular addressed to thesharehoidsrs announces the purchase of the Pennsylvania Coal Co., aud the intended issue in connection therewith of $5,000,000 first preferred stock and of $}2,000,0;0 fifty year 4 per cent collateral trust gold bonds, to be secured by a deed of trust (limited to $36,0C0,0C0) on which the shareholders will vote. The circular says in substance For some time past your omcers have believed that it would be to the great advantage of the Erie RR. Co. to make permanent arrange: ments for continuing the business of the Penusj Ivanin Coal Co., and of the Eiie& WyoraiDg Valley RR. Co which have become most important feeders of the Erie RR. especially in view of the tact that recently its relations with these properties have been seriously threatened. Messrs. J. P. Morgan & Co. have accordingly entered into an agreement to purchase the capital stock of the Erie & Wyoming Valley RR, Co. and the Delaware Valley & Kingston RR. Co., and at least a majurlty of the capital stock of ttie Pennsylvania Coal Co., and have offered to sell to the Erie RR. Ca., all of such stocks acquired or to be acquired by them, and to receive in pay nent therefor 50,000 shares of the first preferred stock of the Erie RR. Co. and also $32,000.000 gold bonds of this company, bearing 4 per cent interest and payable in fifty years such bonds to be secured collaterally by the pledge of all shares of stock of the Erie & WyomiUij Valley RR Co. and of the Delaware 'Valley »fe Kingston RR. Co., and of the PennsylTania Coal Co., owned by the Erie RR. Co., and of 51 per cent of the stock of the New York Susquehanna & Western RR. Co. , ; ; J Janxfahy — — — THE CHRONICLF. 19, 1901. 137 Accordingly, the board of directors has called a meeting of storkholders for the purpose of voting upon the proposition to Increase the first preferred stock to the extent of $5,000,000, and for a conflrnriatlon of the vote to Issue 50 year 4 per cent gold bonds of the Erie RR. Co., for the principal sum of $36,( 00,000, of which at least $4,000,000 bonds are to be reserved for the betterment of the properties reytresented by the stocks to be acquired, and not more than $32,000,000 bonds in connection with the $",000,000 flrst preferred stock are to be Issued to Messrs. J. P. Morgan & Co., In payment for sucli stocks so to be acquired from them upon condition, however, th^it to the fxtent that they shall deliver less than all of the stock of the Pennsyl vania Coal Co the amount of bonds deliverable to them by way ot payment shall be ratably reduced. & Staten Island Jnnctioa (Tunnel, etc.) Ir.creased to $10.000,000.— At a mt-eting held on .Jan. 12 at the office of President Stephen M. Hoye in Brooklyn it was voted to increase the capital stock from |5,C00 to .$10,000,000, and to authorize negotiations for the construcThe project is to contion of the proposed tunnel railroad. Jersey by means nect Brooklyn v.ith the trunk lines of of a tunnel from 65th Street to Bay Ridg*", and thence to Stapleton, Staten Island and the Kill von Kail bridge. There may also be a terminal at 39th Street, Brooklyn. Erastus The circular closes bv saying that the direotors have given the ma ter much cor sideration, and are clearly of the opicion that the purchase " is not only of great importance in assur ing the continuance of the present volume of busimss of your company, but will result in additional net profits from the propofced invf.stmfnt in the stcck of the Pennsylvania Coal Co. and of the Erie & Wyoming Valley RR. Co. Thip circular notice expresses the judgmtnt of every director of the Erie RR Co."— V. 73, p. 44. Wiman some New New ; , years ago obtained from Congress an Act authorizing the construction of the tunnel. Among those interested are said to be Cornelius J. Morrison, Horatio Judah, Alfred Tompkins, H. G. Morse and R. V. Montague, representing the firm of R. V. Montague Ss Co. of Kansas City, Mo. : New York Chicago & St. Louis RB.— First Dividend on Second P/ eferred.— The company in Thursday declared a first dividend cf 2 p c. on its second preferred stock; also the regular annaal dividend of 5 per cent on its first pr»f erred stock, both payable March 1 to stock of record Jan. 24. Eurnings.— The earnings for the year ending Dec. 31, Indiana Illinois & Iowa Rj.— Over- siihscribed.— The |4,firtjt mortgage 4 per cent bonds wtre largely over- 5(0 000 Eubscribed.— V. 72, p. b7. Kansas City Clinton & Springfield Ry.— See Kansas City Fort Scott & Memphis RR. below.— V. 61, p. 1010. Kansas City Fort Scott & Memphis RR.— Proposed Purchase of Avxiliury Roads. The shareholders will vote March 13 on propositions to purchase the railroads of the Kansas City Clinton & Springfield Ry. and Curreat River RR. companies, with all their privileees, rights, franchise?, real (December estimated) are reported as follows Gross. Tear. 1900. ...$7,022,291 and other property. — V. 71, p. Olher income. Xet. : lial.,gur. lyiterest. $26,721 $881,091 $62«,276 11,351 885,241 328.643 18a«».... 6,919,985 Dividends of 5 p. c. on first preferred, payable the March 1 in addition to which following, call for ^250, 000 yearly there has been appropriated from the earnings of 1900 2 per cett on second preferred, |220,000, and $150,000 for bridge construction during 19i)l, leaving balance, surplus for the Included in the opeia'ing expenses for 19i0 are year, $6,276. For new bridges, $70,000 5 new switch enthe following gines, .^46,000 ; 1 new dining car, 5 new baggage and 10 new new freight cars, $45,400 total, passenger cars, $'•7,187 — estate Jersey RR.—Stock $1,4&0,647 1,202,534 ; 858. Lake Street Elevated RR. of Chic; go.— Fo<i«r/ Trust Termwoted.— Holders of trust certificates of the Illinois Trust & Savings Back of Chicago for shares of stock of the company are notified that the bank has received written §248,587.— V. 71, p. 342. notice from the owners of more than 80 per cent of such cer New York New Haven & Hartford RR.— P»(rc/iase of tificates that the agreement of June 10, 1896, has been terminated. Preparations are being made for the issuance ot Trolley Line. The Hartford Ccurant on Jan. 12 contained the following from Darielson Conn the stock certificates through the aforesaid institut'on. The People's Tramway Co. has bought the Webster & Worcester Bonds.— ^r. C. T. Yerkes says " We have completed ar- Electric Street Ry and now will own the entire route from Danieleon : ; ; ; — : : rangements for the bond issue of the road. There will be $5 600,000 5 per cf nt first mortgag^^ bonds. They are the old first mortgage bonds. The scaling arrangement has been completed and the old bonds to the amount mentioned will be issued in place of the debentures. They are already on the market. The floating debt, amounting to about ,|G00,0C0, has been provided for. The amount of bonds outstanding against the Lake Street road will make its bonded indebtedness lees per mile than that of either the Metropolitan or the a distaice of nearly 40 miles. They at first bought the Putnam & Thompson Street Railway Co., then the Webster & Dudley system. The rails are laid for 2 miles this side ('f Webster. The capital stock of the Tramway Company Is $400,000. Webster & Dudley $50,000, Worcester $150,000, making a total of $600,000, and with the bonded debt the amount will foot up to about $1,000,000.— V. 71, to Worcester, p. 12il. New York Ontario & Western Northwestern.'- V. 72, p. 87. Lehigh Valley RR. New Ihterests Represented on Board. At the annual meeting on Tuesday the following directors were elected Alfred Walter, Edward T. Stotesbury, Joseph Wharton, Beauvean Borle. Charles Steele, Irving A. Stearns, Abram Nesbltt, Wilpon 8. — — Northern Ohio Traction Co.— Purchase. The company, understood, has bought the Akron & Cuyahoga FallsRapid Transit Co. for $600,000.- V. 72, p. 88. : £aktr, J. it is Rogers Maxwell, George Northern Pacific Terminal Co.— Called Bonds.— The The new board indicates that, while the company is to te continued as an independent property, there will be a com munity of interests in the property divided among the Erie, Lackawanna, Jersey Central and Reading railroads, and that it will be operated in harmony with the anthracite interests of those roads. Of the five new directors Eben B. Thomas is President of the Erie RR. George F. Baker is a m<^mber of the Ex-cutive Committee of the Lickawanna; J. Rogers Maxwell is President of the Jersey Central and a member ol the Lackawanna directory, and George F. Baer is a member of the Executive Committee of the Reading Company. Rob ert C. Lippincott, the fifth new member, is a large lumber deahr in Philadelphia; be was seltcted chit fly on account of his business capacity and because he is a Pennsylvanian, the charter ot tte company providing that seven of the directors must be residents of that State. The retiring directors are Charles Hartshi rne, John B. Garrett, Elisha P. Wilbur, Eugene Delano and Robert Qallaway. The new Executive Couinjittee consists of George F. Bater, Eben B. Thomas, E. T. Stot( sbuiy and Charles Steele; a fifth member, it is said, will probably be George F, Baer.— V. 72, p. 85,87. lowing bonds have been drawn for the sinking fund, viz & They will be redeemed by the Farmers' Loan Trust Co., trustee, at 110 and accrued interest, on Feb. 9, 1901, at which date interest will cease. V. 71, p. 84. — Pecos Valley Traction. Pennsylvania RR.— See Cincinnati Portsmouth & Virabove.— V. 71, p. 45, 88. People's Terminal Co. of Danielson and Eillingly, ginia Ry. Conn.— P(trc?ia.'e.— See RR Leasee.— Tte company has leased for 999 years the line of the Slate Belt Electric Street Railway, extending from Bangor to Nazareth, Pa,, connecting at the latter place with the Bethlehem Nazareth Street Railway, already leased; a!so the Slatington Street Railway, extending from AUentown to Slatington, Pa., 20 miles. Under both leases, the bonds of the lessor companits are guaranteed, principal and interest.— V. 71, p. 1167. Fiscal Year. in London.— The on the London Stock Other Charge/, Income. etc. $ $ $ Dirs. on Stock. $ BaU, Svrv. * Railways Company General.— Bonds.— The company has 1600,000 bonds of the Michigan Traction Co., whose 71, p. 1013. 71, p. 913. \el Earns. Pittsburg Bessemer & Lake Erie RR.— Lease Author -The minority shareholders at a meeting in Pittsburg on Wednesday agreed without a dissenting vote to lease the road to the new Bessemer & Lake Erie RR. Co., a subsidiary organization of the Carnegie Steel Co. The le^se is fcr 999 years, and the minority common stock is guaranteed thereunder 3 per cent per annum. The lessee, it is said, will take possession Apiil 1.— V. 71, p. 1270, 1221. Newbnrg Electric Ry.— Reorganization —The security holdf rs of this company and its subsidiary lines met Thursday at Room 858, Bowling Green Bldg., to hear report of committee appointed at previous meeting and take action thereon.— V. Oross Earns. « fared. & Birmingham BR.— Listed Exchange.— V. Hartford IdHv-OO ....11,324,531 3,535,631 5.'i9,493 2,364,127 827.354 90'',643 li-98-99 ....10,392,806 3,153,650 4t0,878 2,053,749 827,354 733,423 -V. 7],p. 26. Massa« hasetts Klectric Com^&nies.— Notes Ojffered.— The Providence Bankirg Co. lecently advertised for sale !f700,00 of the new 4>^ per cent gold coupon notes, due Jan. 1, 19i!6, (ledeemable on c r after one yeai ) on a 4-per cent basis. Interest is payable in Boston. See description of loan in V. 71, p. 1270, 1311.-V. 72, p. 45. Mob'le New York New Haven & above. Philadelphia Wilmington & Baltimore RR.—Aiuuial Statement.— The results for the year ended Oct. 31, 1900. are: & $900,000 preferred stock has been listed & Northeastern Rj.— Purchase Price.— The price offered by the Atchison for the minority stock, the majority interest having already been purchased at the saire rate, is $15 per share for the preferred and $9 per share for tfce common, on which basis the full ownership will cost $758,880, representing 372 miles of road (Pecos C.ty to Amarillo, Tex.), bonded for $2,916,000. The bonds of the old Pecos Valley RR. wtre exchanged in IbOS for the preferred stock of the present company on the basis of $1,200 stcck per $1,000 bond.— V. 71, p. 1311. M Valley fol: NfS. 3, 134, 315, 718, 1016, 1045. 1125, 1201, 1251, 12tiP, 1317 1546, 1617, 1636, 1796, 2254, 2285, 2384, 2644, 2627, 3630, 3706. ; Lehigh —The Norfolk & Western Ry. Acquisition. See Cincinnati Portsmouth & Virginia Ry. above.— V. 71, p. 864. — Blspell, Eben B. Thomas, George F. F. Baer and Robert C. Llpplncott. Rj.—Cver-SubscTibed. $3,000,000 5 per cent sinking fitnd first lien gold notes offered last week were largely over-subscribed.- V. 72, p. 87. sold stock it owns.— V. 71, p. 1013. Rutland RR.—P: ssevger Trains Over En'Jand- Canadian i Line.- Regular passenger service over the Ratland-Oanadianbranch began last week.— V. 72, p. 88. —— Sarannah Florida & Western Ry.— Mergei' of Auxiliary — A plan reported on foot to unite under the title of this company the following lines of the Plant system: Savannah Florida & Western, Charleston & Savannah, Brunswlclc & Western, A THE CHKONJCLE. 16S iines. — is John's River Ry. (formerlv Jacksonville St. Tampa & Key South Florida. Silver Sprinjrs Ocala <fe Quit, Green Po.6 Walterboro & Branchville,Atibeville Southern ana Southwesteni Alabaraa. The directors of the several lines are expected to take defiui e action on the matter early in April. V. 72, p. 88. "West), Florida Southern, — Shore Line Ry. of New Brnnswick.— SaZe Jan. ^5.—This road, extending from St. John to St. Stephen, N. B,, 8214 miles, i3 to be offered at foreclosure sale at St. Step'ien on Jan. 28. Russell Sage is largely interested.— See V. 71, p. 136. & Co. have Southern Ry.— Bonds Sold.— J. P. Morgan sold $10,750,000 of the new St. Louis Division first mort gage 4 per cent fifty-year gold bonds at 91},{ per cent and interest. The bonds were issued to provide for the payment by the Southern Ry. Co. of the purchase price of the property and franchiees which formerly belonged to the Louisville They are a Eva^sville St. Louis Consolidated RR. Co. direct obligation of the Southern Ry. Co., and are secured by a first mortgage on all of the railroad property, as purchased and now held by the Southern Ry. Co. and embraced in the St. Loui^ Division, including the railway from New Albany, lad., to East St. Louis, 111., 263 59 miles; branches to Evansville, Cannelton, Rockport, Jasper and Belleville, and Belt Line at East St. Louis, 101*09 miles; total mileage, 364'68 miles. The property also includes valuable terminals at East St. Louis, including the Belt Line of the old Venice & Carondelet RR., now a portion of the St. Louis DivisioQ, and about 300 acres of valuable real estate fronting about 4,009 feet on the Mississippi River, and ample additional real estate for yards, shops and all other needed terminal facilities. The total authorizsd issue of bonds is |15,000,000; of these there have been issued for the St. Louis Division properties and receivers' obligations, $10,750,000, and $4 250,000 are reserved under careful restrictions for new construction, improvements or additional equipment. The reports of George T. Jarvis, recently receiver, show the following results for the property for the last three calendar years, December, 1900, being estimated 1899 1898. 1900. Gross earnings $2,026,070 $1,818,011 $1,566,130 Operating expenses and taxes.... 1,547,000 1,285,132 1,222,773 & : Net earns, from operation $479 000 $532,879 $343,357 Aver, net earns, per annum for the last two years have been.$50 5.989 Interest on $10,750,000 bonds now Issued 430,000 Balance in excess of present fixed charges $75,988 last three years at a cost of |5S3, 326 are expected to result in reduced operating ex penses, while the operation of the road as a portion of the Southern Ry. system it is thought will add materially to the gross receipts of the division. V. 72, p. 45. Improvements made during the — Terre Hante & Indianapolis HR.— Offer for SfocS;.— Representatives of the Pennsylvania RR. are reported to be offering to purchase the stock of various holders.— V. 71, p. 810. United Traction Co. of Albany.— JVetw Oncers.— James McCredie has been elected Treasurer in the place of Mr. John W. McNamara, resigned, who continues, however, as Second Vice-President and General Manager of the company. Charles G. Clemiashaw, of Troy, has been chosen Secretary to succeed Mr. McCredie.— V. 71, p. 544, Waterbury Traction Co.— Bonds Called.— The first mortgage 5s have been called and were payable at 104 and interest on Jan. 12. The company is one of those included in the new Connecticut Railway & Lighting Co. See that co. above. "Western Maryland RR.— Offer to PMrcTiase.- Edward Lauterbach, representing the Manhattan Trust Co. syndicate, which sought to buy the road a year ago, has made a new offer to the city of Baltimore for its interest in the property.—V. 71, p. 865. — Western New York & Pennsylvania Rj.—New Officers the annual meeting this week President Samuel G. De Coursey and Secretary Joseph R. Trimble resigned, the following Pennsylvania RR. men being elected: W. H. Barnes, President; Jos. M. Harding, Secretary, and Robert W. Smith, Treasurer. The board of directors was also reor- At ganized.— V. 71, p. 1064. Tonngstown-Sharon Electric Ry. & Light Co.— Mortgage. has made a mortgage to the New York Se- —The company curity & Trust Co. as trustee to secure $2,500,000 of 5 per cent gold bonds. See V. 71, p. 1312. INDUSTRIAL, GAS AND MISCELLANEOUS. American Alkali Ca.— Plant Begins Operations. — Forty being one-third of the company's plant at Sault Ste. Marie, Ont., are in operation, and forty more are expected to be ready for use within a fortnight or less. President i?eiires.— President W. W. Gibbs has announced his intention to retire from the head of this company, and also of the Marsden Company, International Smokeless Powder Co. and Manufactured Rubber Co., his explanation being that it is advisable each company should have a separate president. Mr. Edward C. Lee has been persuaded to relinquish his intention to resign from the directorate of the Gibbs companies, V. 70, p. 634. cells, — American [Vol. LXXII. Telephone (Bell) & Telegraph Co.— New Patents Acquired.— The company has parchased the patents of Dr. M. I. Papin, of Columbia College, covering improvements of great importance in the transmission of telephonic message?. Heretofore the resistance in the wire has been a serious obstacle, partly to overcome which it has been necessary to use copper wire of great weight, the weight increasing with the distance traversed, so that to telephone from New York to San Francisco would, it is sdd, have required the use of a copper wire the size of a broomstick. By using small induction coils every eighth of a mile Prof. Papin has been able to reduce the resistance to a wonderful degree, thus increasing greatly the distances over which telephones miy be used, and making it possible, it is stated, to give the copper wire a steel core, and to employ cables under ground or through the water in a manner never before possible. The rapidity, also, with which telegraphic messages may be transmitted, it is stated, is largely increased. Prof. Papin receives for his invention a sum which, he says, is nearer $400,000 than $200,000, and an anual salary of about $7,500. Prof. Pupin'a plan, it is stated, reduces the weight of conper in the telephone wire for the service from New York to Chicago from 450 pounds to 180 pounds per mile, and will make possible electrical subways between New York, Boston, Philadelphia, etc., thus effecting a great reduction in cost of maintenance. V. 72, p. 45. — American Smelting & Refining Co.— ilfeeiiwgr — to Increase Stock. There will be a sp?cial meeting of the stockholders in Jersey City, N. J. on Feb. 16 to amend the certificate of incorporation, as advised by the board of directors, increasing the capital stock from $65,000,000 to $100,000,000, one-half of such increase to be preferred and one- half common stoak. -(See V. 71, p. 1271; V. 72, p. 89.) , American Tin Plate Co. First Dividend on Common —The directors on Tuesday declared a first dividend on the common stock, viz., 8 per cent from the earnings for Stock. the year 1900, payable in quarterly instalments, the first to be paid on Feb. 15. The dividend calls for $2,240,000. Not over 5 per cent had been expected. The annual statement is given on page 135.—V, 72, p. 89. — American Transportation Co.—Status— Interest. The Morton Trust Co. on Jan. 2 paid $5 per bond on each of the Class B bonds. The Transportation Company is a New Jersey corporation organized in 1899 by W. H. Male, David A. Boody and H. A. V. Post, a reorganization committee representing the car trust securities Z and B 192 of the Iron Car Equipment Co. To equip the cars with air brakes and couplers were created $75,000 of 6 per cent "A" (prior lien) gold bonds, payable $6,000 to $9,000 each six months, the last becoming due July 1, 1904. The $1,100,000 "B" bonds are 4 per cent non-cumulative incomes, due July 1, 1919, unless previously called for payment at par and interest. They were issued $ for $ in exchange for the aforesaid car trust securities. To secure the bonds have been conveyed to the State Trust Co., as trustee, the following equipment, which may be released at the prices indicated 562 box oars, $1,000 each; 402 honper bottom oars. $827 each; 342 hopper bottom cars, $525 each; 24 gondola cars, $720 each; 15 drop bottom oars, $610 each. Total, $1,100,434.— V. 69, p. 1304. : — Recapitalization.- President Atlantic Transport Co. Bernard N. Baker is quoted as saying : There is no truth In the report of the pending absorption of the company by the International Navigation Co. The fact that the Atlantic Transport Line is planning a reflnanolog of the company is the probable cause of the rumor. We have a capital stock of only $3,000,000, while we have two vessels that alone cost in the neighborhood of $4,000,000. The line, however, needs more money to put the service In good shape and to increase the fleet to meet the requirements of our trade. We have made arrangements to float oar securities in this country and England, and the future course to be pursued depends on the fate of the Subsidy bill now before the Congress. If the bill should pass our vessels will be put under the American flas and our fleet increased in conformity with the requirements of the measure. Two 10,000-ton vessels are being built at Sparrows Point and, it is said, will be utilized in the coastwise trade in case the Subsidy bill goes through.—V. 71, p. 1014. — Bay State Gas Co. Sinking Fund Payment. Notice is given that $9J,000 is now on depasit with the Mercantile Trust Co. to meet the requirements of the sinking fund of the first series of Boston United Gas bonds for the year 1900, and that sealed proposals for the sale of said bonds will be received at ttie ofifice of the Trust Company on or before March 1, noon, at a price not exceeding 5 per cent premium and accrued interest. -See V. 71, p. 1222, 1371. BlnflF City Electric Light & Gas Co.— SoW.— See Citizens' Gas & Electric Co. of Council Bluffs below.—V. 71, p. 865. — Bond & Mortgage Guarantee Co.— Dividend Increased. quarterly dividend of 23^ per cent has been declared, nayable February 15 to stock of record Feb. 7. la the calendar year 1900 the company paid 8 per cent; in 1899, 7% per cent. Buffalo & Niagara Falls Electric Light & Power Co.— Increase of Stock. The company has filed with the Secretary of State a certificate increasing its capital stock from $200,000 to $500,000. Prior to the increase its debts, it is stated, were $164,905.— V. 71, p. 1014. Cambria Steel Co. Assessment. It is announced that an assessment of $6 per ($50) sbare, making the same $16 50 paid, will be payable this year, viz., $3, in June and $3 in December. The proceeds ($1,920,000), it is said, will be applied to improvements, including the new steel plant. —V. 72, p.JSO. — — : January — THE CHKONICLE. 19, 1901.] — Carnegie Co.— Denial. Andrew Carnegie on Monday denied that a syndicate was trying to bay his interest in the property. As to the talk of a great steel consolidation he says: "The idea is in the air, jast as railroad combination is; but it is only^an idea what a combination it would make Extensions. The company's plan in making additions such as the proposed tube plant referred to last week Is stated to be to turn all its steel into finished products instead of as now placing part of it on the market as steel billets. The " Iron Age " says The location at Conneaut waa chosen because the necessary large tract of land was not available in the PittsburK district, and because Bteel can be made there at low cost, for the reason that tlie fuel cm be hauled very cheaply on the Carnegie road in returning empty ore, oars conveying ore from Conneaut to the Pittsburg plants Mr Cir negle holds very strong views as to the aivanta^e of wate.r transportation to reach domestic and foreign markets, and is taking a deep Interest in i)romotiug the development of water highways. The Carnegie Steel C now produces steel rails, structural materUl and plates. Quite recently the manufacture of axles has been added, the Howard plant making 9.000 tons of oar axles per month. In a few months the plant now building for making steel bars and allied products will be completed. Tiie Conneaut plant will take care of the line of pipes and tubing. It is understood that plans have been com- — — ! : >. pleted for the building of a very large sheet mill. If In fact the contracts are not already placed for the machinery. An outlet for additional steel is to be sought in wire rode, although that will probably not be taken In hand for some time to come. It is reported, however, that the tremendous development in the consumpiiou of steel plates "Will probably at an early date lead to the puttlBg down of additional plate mills. Lease of Railroad. —See Pittahurg Bessemer & Lake Erie KR., under railroads. Flick Coke Co —See that company below.—V. 72, p. 80. Central Union (Bell) Telephone Co.—Earnings.— The company for the year ended Djc. 31, 1900. reports gross earn ings of $3,307,742, contrasting with $1,99J,312 in 1899; net 1317,613, against $308,559.— V. 71, p. 915. — — — 139 debentures. They are secured (snbject only to the outstanding issue of old bonds, viz., $650,000, and which are payable $50,000 each year, and are to be fully canceled In twelve years, by a mortgage on all the 1 nd, buildings, fixed and movable machinery, tools,' apparatus, patents and franchises of the corporation.— V. 71, p. 866. Crucible Steel Co. of America.— Ltsh».7—The company has requested the New York Stock Exchange to list $25,000,000 of 7 per cent preferred stock and a similar amount of common stock. Guaranteed Bonds. — Pittsburg dispatches speak of the cotnpany'd guaranteeing $2,250,000 of 5 per cent bonds for construction of the open-hearth steel plant to be built under the charter of the St. Ulair Steel Co. It is said that the bonds will be a serial issue, redeemable in instalments from 1904 to 1925.—V. 71, p. 1222, Dominion Iron & Steel Co.— Preferred Stock.— The proissue of $5,000 000 preferred stock was duly authoriz<^d The new stocK, it is at the recent meeting of shareholders. p ).''ed reported, has been underwritten, and will be offered to the public at $100 per share. The stock is 7 per cent cumulative, and is snb.iect to call at $115 per share, or may be converted at the holder's option into common stock at any time. V. 71, — p. 1271. Edison Electric IlluminatiDg Co. of Boston.— Sir/ra Dividend.— A regular quarterly dividend of 2 per cent and an extra dividend of 1 per cent have been declared, payable Feb. 1.— V. 72, p. 90, 45. Erie Telegraph & Telephone Co. Syndicate. The syndicate which a year ago sold $5,000,000 stock to the Telephone, Cable Co., it appears, is the same syndicate Telegraph which haa now taken from that company $2,900 000 of the stock, the reason assigned being that the notes given as part payment by the T. T. & C. wera not pail when due. As stated last week, this syndicate is distinct from the Old Colony syndicate which agrees to advance the $7,500,000 in — & Citlz'-ns' Gas & Kleetric Co. of Council Bluffs.— Pur chase— Mortgage. The company has purchased the Bluff cash. City E'ectric Light & Gas Co., and has filed a mortgage to Officers— Dividend. President Glidden's resignation was the New York Security & Trust Co., as trustee, to secure accepted on Thursday; he will remain, it is state i. General $150,000 first mortgage bonds. The plant of the Council Manager. In his letter of resignation^he expresses the opinBluffs Gas & Electric, it is reported, is likely soon to be either ion that the company can continue to pay 5 per cent per — — purchased or leased. Citizens' Light & Power Co. of Rochester.— Pwrc/iased.A syndicate siid to include Anthony N. Brady of Albany and New York; William K. Archbold and Paul T, Brady, of Syraause; A. M. Youig, of New York, and the Westinghous9 Company, of Pittsburg, has purchased control of this company, whose plant was recently destroyed by fire, and will place a new plant in operation at an early day. The Rochester Gas & E'ectric Co. recently purchased the Hinds mill and now owns, it is said, five eighths of the total water power of the city. Tbe Citizens' Company had outstanding $150,00) capital stosk (a majority of which hag been acquired by the syndicate at $15 per $100 share); also $100,000 first mortgage and a like amount of second mortgage bonds. Consumers' Gas Co. of Toronto.—Proposed Purchase by City.— City Clerk L'nejohn writes us as follows : Replying to yours of the 11th Instant, I beg to say thatalthough the electors of this city have decided In favor of the purchase of the pUnt of the Consumers' Co., nothing further has been done. It may be a considerable time before definite action is taken, as the matter was only submitted to the electors in the form of a question, and they have replied that they are in favor of the purchase. — Continental Match Co. Incorporated. This company has been incorporated in New Jersey with $1,000,000 capital stock. Office, Corporation Trust Co. Building, Jersey City. Incorporators: Horace S. Gould, John I. Billings and K-anneth K. McLaren. The former company of this name was sold by its owner, Mr. Gould, to the Diamond Match Co. Cramp Ontario Steel Co.— Stock Offered.— 3 a.ima A. Meldrum of Toronto is offering at par ($100 per share), with a bonus of 25 per cent of common stock, $500,COO of this new company's 7 per cent cumulative preferred stock. The authorized capital is $5,030,000, of which $2,000,000 is preferred. The directors are Wm. M. Cramp, Philadelphia; Geo. O. Angell, Philadelphia; Hon. 81rCharl«s Hibbert Tupper, Victoria, B. C: lion. J. R. Gowan, Q C, Barrle; F. H. Clergue, Sault Ste. Marie; John J. Long. CoUlngwood; W. C. Matthews, Toronto A. McDonald, Toronto, and J. A. Currie. The company is organized for the purpose of establi!^hing blast furnaces, open- hearth steel plant and rolling mills at CoUingwood, a port on the Georgian Bay. At the outset the plant will have a capacity of 200 tons of finished product per day. Besides the farnace of 200 tons capacity there will be a steel plant of four 30-ton open hearth furnaces. V. ; — 70, p. 1051. Cramp & Sons Engine* Shipbuilding Co.—^«ie(i Cowipany.—See Cramp Ontario Steel Co. above.— V. 71, p. 1313. Crompton & Knowles Loom Works of Worcester and Providence.- 5ond« 0/fered.— The remaining $135,000 of the 51,600,000 issue of 6 per cent debenture gold bonds, running from five to twenty years, were recently offered forsnbscriDtion at par and interest by the Manufacturers' Trust Co. and Dean Shibley of Providence and Winslow & Co. of Worcester. An advertisement says The bonds are the par valueoC $1,000 each, payable both as to principal and interest In gold. I uterest at 6 per cent per annum, payable jsemi-annually on the first days of April and October at the Old Colony Trust Co., Boston. They mature ae follows: Fifty each j ear, from five to twelve 5 ears inclusive. One hundred each year, from thirteen to & : nineteen years inclusive, and the balance of the entire Usuo, viz.. *400,0 10, in twenty years. A sinking fund of $50,000 per an urn for the llr«t four years may be provided from the earnings of the company, and which will be used by the trustee In the purchase of the > annum on its stock, "reserving in the Erie treasury as a sur plus from 3 per cent to 4 percent annuiUy." Walter Abbott has succeeded Cbas. A. Grant as Treasurer. V. 72, p. 90, 45. Federal Steel Co. Dividend for 1900.— The directors on Tuesday declared a dividend of 5 per cent on the common stock out of the profits for 19<i0. The dividend is payable Feb. 20 to stock of record Jan. 23. From the profits of 1899 only 3% per cent was paid. Bond Issue. It is generally understood that a bond issue for a considerable amount, probably $10,000,0J0 to $20,000,000, is in contemplation. Oae story is that at least $17,000,000 will be issued, of which $3,0C0 000 will be against §3,000,000 re'ired Illinois Steel bonds, the balance to be used for improvements, including the construction of "the largest structural steel plant in the world." The officials decline to make any statement on the subject, but it seems possible that this may be part of plan to show the Carnegie Co. that two can play at competition, and thereby to lead the — — — — way V. 71, p. 915. to an agreement for harmonious action. Fisher Book Tyuewriter Co.— Purchase. The shareholders of the old Fisher Typewriter Co. will meet at Athens, Tenn., on March 14 to ratify a resolution of the directors, adopted Jan. 5, 1901, accepting a proposition to purchase the entire assets of the company made by the Fisher Book Typewriter Co. of Delaware.— V. 71, p. 107U. Fiske Wharf & Warehouse Trust of Boston.— "Japital ization. This new enterprise, of which Francis Peabody Jr., John L, Nichols and Leslie C. Wead are trustees, it is stated, will issue $300,000 4 per cent 20year notes, $150,000 5 per cent cumulative preferred stock and $350,000 common — stock. (H. C.) Frick Coke Co.— Status.— Thia company, whose $10,OOJ,000 capital stock is owned by the Carnegie Co. (see V. 71, p. 1014), has outstanding an issue of mortgage 5 per cent bonds dated July 1, 1889, due July 1,1919, but subject to call for the sinking fund, $100,000 yearly, at 105 and interest. The original issue was $2,500,000, but it has been reduced $700,000 or $803,000 by the sinking fund. An advertisement states that the company has 13,500 ovens, with daily capacity 30,000 tons of coke.— V. 71, p. 915. Great Northern Paper Co.— Neu- Officer.— W, B. Dillon, Sdcond Vice-President and Manager-of-Sales of the International Paper Co., has resigned to enter the service of the Great Northern Paper Co.- V. 71, p. 1015. Hartford Carpet Co. Consolidation.— Aaaenting shares must be deposited on or before Feb. 15. The offer noted last week is upon the following condition, viz.: That it shall appear to the satisfaction of Kidder, Peabody & Co. upon an examination to be made by them that the present quick aasetB of the Hartford Carpet Oo. amount to at least $1.150,i0a over and above all liabilities, and that the actual average net earnini:-< of the company during the past five years have been at least $o0,000 per year. In the case of the Higgins Company the present quick must be $1,250,000 over all liabilities and the actual net earnings for the year 1900 must be shown to have exceeded $200,000. If practicable the present charter of the Hartford Company will be utilized for the consolidation.— V. 73, p. 90. assets ISTPor otberlnTestment News see Pare 143.' — — THE CHRONICLE. 140 [Vol. LX2II. ^ocnmtnts. "^tJfioxis itnH LEHIGH VALLEY RAILROAD COMPANY. SYNOPSIS OF FORTY-SIXTH ANNUAL REPORT-FOR THE YEAR ENDING NOVEMBER 30, * Philadelphia, January The following synopsis of the annual report for the fiscal year ended November 30, 1900, is submitted 1900. 10, 1901. : INCOME ACCOUNr. 1900. 1899. Per Cent. Decrease. Increase. Earnings from Operation— From coal trafflo From miscellaneouB freight traffic. From passenger traffio .. From express and mall From miscellaneous sources $9,413,472 9,659,172 2,959,378 399,727 617,531 21 13 49 64 P9,707,0 P,072,323 0' 2,760.401 1^ 96 43 397,695 32 721.711 21 Total earnings. $293.5.' 8 43 Deo. $586,849 09 98,977 31 2,032 64 Inc. 3 02 6-47 7-21 •51 104,179 78 Deo. 14-44 $23,049,282 22 $22,659,161 3^ $390.120 83 Inc. 1-72 17 85 15 21 $.507,622 42 1,006,840 2f! 2,698 37 I64,'S18 C4 Inc. 15-13 26-98 19,2!2,42147 $'7,560,912 38 $1,681,479 09 Inc. 9-58 $1,291,358 26 Deo 17,833 31 25-33 2-74 Expenses of Operation— For maintenance of way and structures. For maintenance of equipment For conductii'g transportation For general expenses $3,861,926 59 4,738,^98 I 9,90",898 52 732,398 2.'^ $3,354,304 3,731.357 9,907.200 668.080 Total expenses. Net earnings from operation. Less taxes Deduct— Loss and depreciation water lines. To which add Income from other sonroes— . Dividends on stocks Interest on bonds Interest on mortgages Sundry receipts Interest receivable, general account. $312,887 616,610 41,417 39,827 45,041 , $5,' $3,174,0^4 971 29(i,t)83 80 $4,447,579 92 231.789 64 $2,883,371 17 $4,215,790 28 98,219 01 650,639 09 $!,-,<: $.58,894 16 73,524 9o Deo. 28-63 Inc. 25-41 $1.332.4.9 11 Deo. 31-61 $190,652 .'0 617,H70 00 43,002 9^ 38.320 89 65.569 02 $114,235 50 Iro. 57-51 -22 $1,35?) 59 Dec. 1,506 52 3-69 3-93 20,5i7 12 Dec. 31-31 1,055,784 78 $ 63,515 20 $92,269 £8 $3,939,155 95 $5,179,305 48 80 41 '/e 41 90 Less— Interest payable, general account Surplus earnings due to controlled companies. $3,KOP,860 75 632,b05 78 03 2^-93 1,585 7c Inc. 958 $1,240,149 53 Dec. 23-94 $20,392 96 30.532 74 $234,489 97 254,882 93 $50,925 70 $203,957 23 $3,6S4,273 02 $5,12P,379 7« $25^,882 93 Inc. $30,532 74 . Total income. $1,444.106 76 Deo. 28-16 Inc. -08 Deduct Interest on funded debt Interest on ear trust obligations Rentals of leased lines and guaranties Interest on bonds of the Lehigh Valley Coal $2,123,500 00 2,647,995 00 $2,121,750 00 53,125 2,649,395 00 825,700 00 827.304 1' lt>4,tt75 Com- pany, guaranteed 5,762,070 00 Deficit carried to debit of profit and loss. $2,077,796 9& $i,651,?>74 1' $1,750 00 lit,7:0 00 " 210-.^5 $1,400 00 Deo. 1,604 $110.495 8 01 19 1' Inc. 1-96 $5 .'3.194: 9 $1,554,602 5 Ratio of operating expenses to earnings (exclusive of taxes) 83-48 percent 77'oO per cent 5-f8 The operating earnlnies and expenses as shown above include the operation of the Lighterage Line and the Towing Line In New York Harbor; khe results heretofore having been included in the item designated as net receipts from other transportation lines. For convenience of comparison, the figures for the year 1899 have been re-statel toinolude the operat:ion of said lines for that year. The Income Account does not Include the operation of the Lehigh Valley Coal Company statement of which is shown on page 143. , Included in the expenses of operation, under the head of "Maintenance of Way and Structures," are additions and betterments made during the year amounting to §1,3:^1,271 04. While this is $19«,612 58 less than similar expenditures for the previous year, the expenditures charged to Maintenance of Equipment show an increase of $1,00R,840 26, a large part of this increase being due to the necessity of charging all that portion of the principal of Car Trusts "C"' and "D" accrued during the past year to Operating Expenses, as is fully shown further on in this report. As stated in the report for the previous year, when a is reached where these large expenditures against income can be wisely reduced, better net results will be point shown. EARNINGS. The gross earnings from operation of your railroad for the year ended Nov. 30, 1900. amounted to $23,049,282 J^2, an increase over the corresponding fiscal year 1899 of $390, 120 83, or ^72 per rent. The expense of operation, exclusive of taxes, amounted to $19,242,421 47, an increase, as compared with the previous fiscal year, of fl,6Sl,4r9 09, or 9-58 per cent. The net earnings from operation amounted to $3,806,860 75, a decrease from the previous fiscal year of $1,291,358 20, or 25 33 per cent. This amount was further reduced by taxes and loss and depreciation on water lines to $2,883,371 17, making a total decrease of $1,332,419 11, or 31-61 per cent. The perceotage of railroad operating expenses to earnings, exclusive of taxes, was 8348, as compared with 77-50 in 1899, an increase of 5-98. COAL TRAFFIC The earnings from transportation of anthracite and bituminous coal, including towing line, were $9,413,472 21, a decrease of $293,558 43 compared with previous year, or 3-02;^. It is estimated that a loss of $1,200,000 in the revenue of y( ur lines, from transporting anthracite coal, was caused by a strike of the miners and other employes of the mining operations tributary thereto. The strike was general throughout nearly the entire anthracite coal region; beginning on September I7th and continuing until October 26th, when, a settlement of differences having been effected, the men resumed work. The loss in revenue will no doubt to a great extent be regained; but the interval of time between the date of re.sumption of operations and the close of your fiscal year is too brief to admit of the gain being noticeably in evidence in this year's accounts. There were 11,170,636 net tons of ooal, exclusive of railroad supply, t'ansported during the year, a decrease of 575,359 tons as compared with the previous year, or 5-15 per cent. Of this tonnage 2,295,416 net tons were hauled by other carriers over your tracks, as compared with 2,550,031 net Ions in 1899, a decrease of 254,616 net tons, or 9 98;^. The average revenue per ton. exclusive of trackage coal, was 99-20 cents, as against 98-33 cents for the previous year, an increase of -87 cent, or -88 per cent. The average revenue per to per mile, "exclusive of trackage coal, was -740 cent, as against 706 cent for previous year, an increase of -034 cent, or 4-82 per cent. The number of tons carried one mile, exclusive of trackage coal, was 1,18^,2 5,786, a decrease of 91,862,416 ton miles, or 7 17 per cent. January THE CHRONICLE. 19, 1901.] 141 MERCHANDISE TRAFFIC. for equipment condemned and destroyed is $218,868 93 less The earnings from miscellaneous freight traffic, including than last year, the amount for the current year being lighterage line, were $9,650,172 13, an increase of $")86, $587,300 03. This amount was credited to the Equipment Renewal Re849 09, or 6"47 per cent, as compared with the previous year. Account, the credit balance of which, November 30th, serve The total tonnage, exclusive of Company material, was was $.348,053 23. 1900, '•04 .'555,250 tons, an increase of or 8, tons, 88,204 per cent. The average revenue per ton was $l"]29, an increase of 5"75 CONDUCTING TRANSPORTATION. cents, or 5*37 per cent. The average revenue per ton per mile was an in- The number of tons carried one mile was 2,089,000,446, increa.se of 91,657,184 ton miles, or 4*59 per cent. an "462 cent, crease of '008 cent, or 1'76 per cent. PASSENGER TRAFFIC. The earnings from passenger traffic were $2,959,378 49, an increase of $198,977 3l, or 7-21 per cent. The total number of passengers carried was 4,717,849, an increase of 112,917 pa.ssengers, or 245 per cent. The average receipts per passenger were 63*73 cents, an increase of 2*79 cents, or 4-65 per cent. The average receipts per passena:er per mile were 1*852 cent, an increase of "035 cent, or 1*93 per cent. The number of passengers carried one mile was 159,751,959, an increase of 7,846,415 passenger miles, or 4"91 per cent. The average distance each pas.senger traveled was 33 '86 miles, an increase of '87 mile, or 264 per cent. The passenger train mileage was 4,689,494 train miles, an increase of <;53,022 train miles, or 5'70 per cent. The expenses of Conducting Transportation amounted to $9,909.^98 52, an increase of $2,698 37. Under this head is to be noted a large increase in the charge against '- Fuel for Locomotives" of $272,501 90, due entirely totbe increased cost of bituminous coal. The Items comprising the cost of Tram Service and Supand it is gratifying to obplies show a marked decrease serve that the balance of Car Service is in credit to the amount of $9,197 50, as again.st a debit of $95,985 73 last year. The increase in Rents of Tracks, Yards and Terminals, and Rents of Buildings and Other Property, is due to heavier freight movement over terminal lines, warehouse charges on freight placed in store, and additional pier accommodations secured in New York City during the year. The average number of tons of revenue freight in each train was 448-42, an increase of 24 41 over the previous year. ; Including the helping engine mileage, the average number of revenue tons per train was 37987 tons, an increase of 50-44 tons over the previous year. The average number of tons of freight in each train, including Company's supplies, was 467-94, an increase of 28-9o5 tons, or 6-60 per cent. OPERATING EXPENSES. management in its expenditures has GENERAL EXPENSES. The General Expenses were $732,398 25. an increase of been a continuance of that indicated in the Annual Reports 8164,318 04, or 28-93 per cent. Of this amount .$51,824 05 is of previous years, with a view of promptly placing your due to change in classification, the items formerlj' having property in a position to move, at the Ijwest po.ssible co.st. been included in the cost of Maintenance and Conducting the traffic which offered. Transportation. The line of insurance carried on your Progress has been made in the substitution of heavier en- property is much greater than heretofore, entailing an ingines for lighter ones, and considerable further progress is crea.sed cost of .$41,544 10. intended during the coming year. The construction of adMARINE EQUIPMENT. ditional tracks for yards and passing sidings has continued, The policy of the with the result that the average rate of movement of all trains over the line during the busy months of the year is higher than ever before. Owing to the falling off of earnings in the Summer months of the past year a considerable portion of the work under way was suspended durmg that time. This it will be necessary to complete during the coming year, and t-uch additions will be made thereto as may be required to bring the facilities of your railroad to a point which under maximum conditions will ensure free and unimpeded movement of traffic. Of the main line 582 track miles are now protected by automatic block signals, and contracts have been recently executed with a view of completing this work over the en tire main line from Jersey City to Buffalo. While the results obtained during the year, by rea'^on of the heavier power employed and consequent increased average train load hauled, together with local conditions existing in the busier territory, have removed in part the immediate occasion for building the additional lines referred to in the last report, the management sees no reason to change the views expressed therein, that such additions will of necessity be demanded in a short time. As stated in previous reports, it is essential, not only to put your properties in such a condition as will enable traffic to be moved at a minimum cost, but the capitalizati ^n of your Company must be adjusted to the standard which prevails with other lines in the same territory therefore these There are now but four steamers in service belonging to the Lehigh Valley Transportation Company, the '-Tacoma" having been sold during the year, in addition to those mentioned in the last report. Two steamers were under charter during the past season and operated in this line. The Wilkes Barre," which is under construction, has not yet same capacity, the been completed. vessel of the " Mauch Chunk," has been ordered, and both will be delivered early in the navigation season of 1901. On account of the cost of these vessels $371,821 29 was paid during the ' A ytar 1900. CONSTRUCTION. & Greenville Hudson Railway $212,7.36 97 was expended for construction, of which $158,013 73 was for two tracks from Jersey City to Constable Junction, the balance being for right of way, signals, &c. On the Lehigh Valley Terminal Railway $;339,046 09 was expended, of which $272,088 37 was for construction of Oak Island Yard. $23,427 40 for new freight shed. Pier '-I,'" and the balance for land purchased, legal expenses, &c. There wa? credited to this account for land sold, $6,899 08. For construction of Branch No. 2, Jersey City Belt Line On the Railway, $18,067 31 was expended, and $45,662 4*5 on account Lehigh & Lake Erie Railroad Company, for $25,000 of which capital stock of that company has been issued. of FINANCIAL. ; expenditures have been charged against income. MAINTENANCE OP WAY AND STRUCTURES. The cost of Maintenance of way and Structures for the year was $3,861,926 59, an increase of i{507,622 42, or 15-13 per cent. "While the aggregate of the items embraced under the term '• Exti-aoidinary Charges," as summarized below, is somewhat less than last year, owing to the comp'etion of a third track between Pattenburg and S^tanton,on the Easton Amboy Railroad, and of various new buildings, as shops, storehouses, &c., increased amounts were expended for renewals of ties, for the further installation of auto matic signals, stone ballasting, and additional strengthening and renewals of bridges. & MAINTENANCE OF EQUIPMENT. The cost of Maintenance of Equipment amounted to $4,738,198 11, an increase of |1, 006,840 -^ii, or 26-98 per cent, of which 1107,023 16 is due to change in classification of accounts. The work of placing your equipment in first class condition has been prosecuted with energy during the year, the expenditures for general shop work having increased 1690.341 32, including $234,182 13 for increased cost of applying air brakes and Master Car Builders' couplers, $329, 598 71 for increased cost of material, and §126,560 48 for increased number of cars repaired. The expense of negotiat ing a new Car Trust, known as Series " D," to which refer ence is made later on, together with the accrued instalment of principal of said trust, as well as that of Series " C," have been charged to this account. The management is convinced of the wisdom of the policy of providing tor the payment of the p: incipal of these Car Trusts as it matures, from the current revenues of your Company. The charge A Car Trust known as •- Series D,"' amounting to $3,00 \000, was created on November 23d, 1899, covering the following equipment: 25 locomotives, bux carB, 250 gondola oars, 300 coal cars. 2,7*25 300 produce cars, 15 milk cars, 25 poultry cars. 50 steel flat cars. The trust provides for the issue of 3,000 certiScates of §1,000 each, bearing interest payable March 1 and Sept. l,at 43^ per cent per annum, the principal being payable in ten annual instalments of $300,000 each, beginning March 1, 1901. The balance of Car Trust "C," amounting to |1,000,The 000, par value, was also issued during the year. amounts due for matured principal of Car Trusts, $100,000 on Series '"A," $50,000 on Series "B"' and $200,000 on Series •'C,*' were paid. Consolidated Annuity 6 per cent bonds of the par value of $50,000 were sold during the year. It was deemed expedient that the one-half interest in the National Docks Railway Company, not owned by your system, should be purchased, and" that control should also be secured of the valuable terminals and warehouses of the National Storage Company, located in and adjacent to Jersey City, N. J. An agreement was effected on Dec. 8, 1899, by which your Company became the sole owter of these properties, thus adding greatly to the facilities at its Jersey City terminus. In previous reports attention was called to the necessity of bringing your property up to the standard of efficiency and economy of operation of other lines in the same territory. The management has deemed it wise heretofore to avoid, as far as possible, any increase in the fixed charges of your Company, and to devote the surplus earnings of the property to necessary improvements. It has become . THE CHRONICLE. 142 evident, however, that considerable expenditures of this nature are still to be made, and the management has accordingly taken under consideration the advisability of making early provision for the additional capital required, instead of expecting it to be provided by appropriating all net earnings. Mr. Charles H. Coster, a Director of this Company since member of its Executive Committee, died on March 13th, 1900, at his residence in the city of Nevs^ York, after a few days' illness. Though his interest in the property and participation in its management covered a period of less than three years, the time and intelligence be devoted to it, his quick insight into intricate business problems, and his large experience in the rehabilitation and development of other railroad properties, made his work as a Director of this Company exceptionally effective. He had a rare judicial faculty, and in judging of the merits of questions in which the several corporations in which he was'interested were involved, he did so with eminent fairness and wisdom. Gifted with large capacity for details and indefatigable in working them out, be was capable of broad views on questions of policy and was at once conservative and liberal. The loss of his counsel is keenly felt by his associates. [Vol. LX3II, On February 21st, 1900, Mr. E. Y. Hartshorne was elected Assistant Secretary, succeeding Mr. David G. Baird, elected Secretary of the Lehigh Valley Coal Company. There were no other changes in the general officers of the Company. The B ard expresses its acknowledgment of the fidelity and efficiency with which the officers and employes have performed their duties during the past year. By order of the Board of Directors, ALFRED WALTER, July, 1897, and a President. liFHIOH VALI.EY KA1I.ROAD COMPANY. GENERAL PROFIT AND LOSS ACCOUNT. ADJUSTMENTS FROM DECEMBER 1ST, 1899, TO INCLD81TE. NOVEMBEE 30TH, IC 00, Oredil— Credit balance, Nov. 30, 1899 Sundry receipts belonging to previous years Interest on Coal Ridge Improvement and CoalCo.bondsbelonging to previous years Adj ustment of taxes, previous years Insurance Fund, Bee Line $96,174 15 15,965 51 23,070 00 49,177 13 183,738 35 $368,125 14 Debit— Debit balanee of Income account,yearl900.$2,077,796 98 Open book accounts of previous years, now considered uncollectible 45,498 10 Loss on sale of steamers and depreciation of Marine Equipment, previous years... 151,770 00 Depreciation of securities 3,645 00 2,278,710 08 Mr. Charles Steele was elected a Director on April 18th, 1900, succeeding Mr. Coster. LEHIGH Debit balance Nov. 30, 1900, as per balance sheet.. $1,910,584 9* VAI^IiEY RAIIiROAD COMPANIT. CONDENSED BALANCE SHEET NOVEMBER Dr. ASSETS NOYEMBER 30th, LIABILITIES igoo. Co8t of road $18,639,291 95 19.018,419 98 I,800,<i00 00 3,0i 0,000 00 1,431.606 96 Equipment Equipment TRUST, Series "c" Equipment Trust, Series "D" Real Estate Securities Owned. Mortgages receivable $684,468 78 Stocks of railroad and water lines included in Leblgh Valley system. Stocks of allied coal companies Stocks of other companies of railroad and water lines included In Lehigh Valley svstem. Bonds of Lehigh Valley Coal Co Bonds of other coal companies Bonds of other companies Car Trust certificates Lehigh Valley 3,398,926 6,400,000 944,183 79,000 ipoo. Liabilities. Mortgages on real estate Sterling bond drawn, not presented. 00 00 Dividends unclaimed Bond interest due and unclaimed.... 17 Accrued bond interest and rentals^. Accrued Interest and principal, oar 00 Accrued 38,218,124 58 Other Permanent Investments. $1,577,396 113,959 1,378,940 607,225 since paid pany, lessors 840,695 45 9,862 84 500,000 00 State taxes accrued Employees' pension fund Sundry accounts 5,650,325 72 1,374,105 69 $98,214,699 59 1,910,584 94 $100,125,284 53 L,CHIQH VALI.EY COA li COMPANY. The results of the operation of the Lehigh Valley Coal a loss of $869,847 44. While the average price realized for all sizes of coal was very slightly in excess of that for the previous year, the percentage of sales of sizes above pea, which produce the largest revenue, decreased from 66-60 per cent to 62-52 per cent. There was produced during 1900, from the collieries Company show operated by the Lehigh Valley Coal Company and its tenants and from collieries operated by tenants of land companies in which the Lehigh Valley Coal Company or the Lehigh Valley Railroad Company is interested through ownership of stock, a tonnage aggregating 4,946.164-07 tons of all sizes, a decrease of 37o, 640-03 tons as compared with the figures for 1899. The sources from which this tonnage was derived during 1900 are shown in the table below, together with the tonnage derived from the same sources during the fiscal years 1898, viz.: 1900. .....4,946,16407 62,766 12 470,4^9 23 30,457 12 7,534,275 16 Liabilities. Lehigh Valley Terminal Railway Co. 3,215,34134 Lehigh Valley Coal Co 2,833,136-01 Tenants of Lehigh Valley Coal Co 1,323,88318 Other tenants 789,144-08 104,512 98 3,927 63 Deferred Railroad , 2,163,866 52 1 ,524,350 52 due to oiher com- Unclaimed wages Lehigh & New York Railroad Com- 145,802 73 476,442 79 Total Assets Profit and Loss TO Balance . panies lessees Total tonnage bills, Traffic balances 88 53 50 00 Material and Supplies on Hand Contingent Assets. and ber Due to Individuals and companies^ to other companies Total 239,875 00 33,333 32 776,196 05 Audited vouchers, including Novem5,867,483 37 companies & Reading $215,020 90 1,000 00 76 54 3?, 649 50 1,461,337 07 Lehigh Valley Coal interest, trust certificates. November pay-roll, since paid lines Company, $34R,053 23 17,691 29 413,416 66 interest, Crmpany bonds Accrued Advances to railroad and water Philadelphia 5,000,000 00 Certificates Depreciation of Equipment. Equipment renewal reserve Depreciation of marine equipment.. Current 900,000 00 Included in Lehigh Valley system, for iTOperfy Current assets. Cash in hands of Treasurer Cash in hands of officers and agents. Due by station agents Dae by individuals and companies Traffic balances due by other companies Bills receivable Advances to Lehigh Valley Coal Co. Advances to other controlled coal $40,441,100 00 3H,7C0.000 00 5,650,000 00 FUNDED Debt Equipment Trust Obligations National Storage Company Trust trusts Terminal Railway / NOVEMBER joih, 365,744 52 18.060.366 34 1,257,921 29 6,493,259 CO Bonds of 1899 Or. Capital Stock EAn.BOAD. Advances 30TH, 1900. 1699. 3,04P,488-12 1898. 2,609,126 00 1,287,547-00 1.113,44715 987,76818 703,565-02 5,321,804-10 4,426,138-17 $246,820 84 484,873 26 731,«96 10 Contingent Liabilities. PhiladelDhla & Reading Railroad Compaliy, lessees, construction $1,104,487 21 Philadelphia & Reading Railroad 452,041 60 Company, lessee?, equipment Unacijusted lease accounts 145,939 94 1,702,468 75 Total Liabilities $100,125,284 53 During the year 1900 there was expended at the anthramines §497,126 04 for colliery improvement work, which amount, in addition to a depreciation charge of 5 cents per ton. amounting to $141,656 79, for reduction of the old improvement account, was charged directly to cost cite of mining. The sinking fund, under the terms of the mortgage of 1892, has been increased during the year $49,648 62, as shown in the condensed balance sheet, and now amounts to $513,806 65. This amount has been paid to the trustees under the mortgage, for the purchase and cancellation of bond,". On July 26th the Delano Land Company was merged and consolidated with the Lehigh Valley Coal Company, 7,000 shares, or $350,000 par value of stock of the latter being issued in exchange for an equal number of shares and value of the Delano Land Company stock, $250,000 of which was owned by the Lehigh Valley Coal Company and $100,000 held in the treasury of the Delano Land Company. The new stock of the Lehigh Valley Coal Company remains in the treasury of that company. The property owned by the Delano Land Company consists of 5.229 acres, situated in the east end of the middle coal field, between Mahanoy City and Delano. Of this acreage about one half is coal land, and there are at present located upon it four collieries, one of which is operated by the Lehigh Valley Coal Company, — — Janitary — . — — THE CHRONICLE. 19, 1901, J and the other three by tenants under leases. The property is subject to an outstanding mortgage debt of $1,104,000, due January 1st, 19i2, bearing 5 per cent interest, provision being made for extinguishing this debt by a charge of 10 cents per ton on all coal mined from the property. I.EHIGII VAIiliEY OOAIi COITIPANlf. mOOME ACCOUNT. 1900. EAENiNOfl- . $18,279,558 75 $19,211,745 16 Mining coal and repairs, excladlnx $4,656,026 21 colliery Improvements 5,494 004 13 Cual purchased (anthracite) $4,765,992 73 Coal purohafled (bituminous) Transportation of coal by rail Transporrationof coal by water. Handling coal at depots Damages account coal dirt Estimated depreciation of coal storage plants In addition to $14,182 15 included In coal selling expenses Belling and general expenses not chargeable to cost of mining State uud local taxes not chargeable 74 216,879 40 538 48 64.205 .?4 93,5 12 87 661,574 73 253,104 89 359 05 36,360 03 37,606 44 e,."^ 614,36150 331,320 63 55,522 16 3,419 22 7,565 28 44,479 ."iS 3,417 10 5,8^3 41 $17,518,586 79 $18,894,742 48 MlBcellaneous To which add 1,101,143 38 257.622 22 $18,619,730 15 $19,152,264 70 $59,480 46 Value of coal sold from stock Total expenses Surplus from operation Defloit trora operation Interest ou Snow Shoe bonds $340,17140 Interest on Delano Land Co. bonds... colliery improvements & Northwestern Telegraph Co.-Deeiswn.-See Western Union Telegraph Co., page 46 of Chronicle Jan. 5, 1901. Ogden Gas Co. of Chicago. Action by City Council. The City Council has voted to inquire into the recent deal to determine if it with the People's Gas Light & Coke Co constitutes ground for forfeiture of the company's franchise under terms of section 13,— V, 72, p. 91, Pennsylvania Steel Co.— Correction. The accidental erasure of three words in last week's coniensation of President Felton's circular resulted in our saying that the company's exif-ting bonded debt is $13, SCO 000, whereaa the entire capi, — talization, stock as well as bonds, is included in this total, V. IZ, p. 91, 46, People's Gas Light & Coke Co. of Chicago.— See Ogden Coke Go. above.— V. 71, p. 91. Pratt & Whitney Co.— Control Transferred. — See NilesBtment-Pond Co. above.— V. 71, p, 1023. Ricbmond Locomotive & Machine Works.- Irur^ase of Stock.— T\ie authorized capital stock has been mcreased from 000 to $4,500,000, par §100. .$2,500 321,999 24 to cost of mining Interest payaole, general account Total operating expenses 6,133, 2-«5 69,6;i0 17 6,141,780 67 Co. has been taken over per plan in V. 71, p. l^it, V. 70, p. Tbe 81,225 000 preferred stock of tbe P, W. is gudr12.53. anteed dividends of 6 per cent per atjuum, provided the Niles-Bement-Pond Co. earns that amount on its own stock. V. 71, p. 1015. — 1899. $17,883,569 93 $18,809.667 41 <;oal Bales (antbraolte) 7H.622 24 85.619 26 Coal sales (bltuminouB) 95,63127 101,778 57 rommtsslODB receivable RoyaltleHonooalmiued by others from 110,8*150 88.276 79 Cora pane's lands 29,165 56 28,328 03 Rents receivable 21,.')98 On 26,343 12 Interest receivable, general account.. 43,984 00 69,28» 67 Dividends 8,866 16 7,468 52 Timber sold from Company's lands.. 284 99 1,970 81 Mlscellaneoas EXI>EN8EB — $18.750 01) 13,800 00 318,750 00 04 300,000 00 $529,676 04 $3 18,750 00 497,li!6 143 Rochester Gas & Electric Co.— See Citizens' Light above.— V. 70, p. 587. Clalr Steel Co.— Guaranteed Bonds. Power & Co. St. Steel Co. above. —See Crucible Seacoast Packing (Sardine) Co.— iVew Siocfc.— Tbe shareholders on Jan. 16 authorized the issuance of $500,000 new preferred stock for the general purposes of the company. This increases the authorized preferred stock to .|3 500,000, of which $275,(i00 in treaeury. The common stock is $5,000,000. No dividends have been paid as yet. The directors are John J. Mitchell, Charles H. Randle, Chauncey Keep, Clarence iSiichingham, Frederick T. Haskell, H, M. Hlginboiham, James C. Hutchlns, all of Chicago; George Burnham Jr. , of Portland, Me., and Clias. Cooper, Joseph M. Keetinge. Theodore L. Frothingham and Francis P. McCoU, all of New York, and Joseph Kelly of Jersey City. : —See V. 70, p. 1294. Soathern Car & Foundry Co of Gadsden, Ala.-Steel $259.269 54 C ir Works.— Tbe company informs the "Manufacturers' $369,847 44 Record " that it has closed contracts with the Ternessee Coal GENERAL PROFIT AND LOSS ACCOUNT. Iron & RR. Co. to build steel-car works in the Birmingham INCLUSIVE. AD.JD8TMENT8 FROM DEC. l8T, 1899, TO NOV. SOTH, 1900, district. The "Record" says: DebitDeftoit, carried to debit of profit loss and Debit balance, Nov. 30, 1899 $1,378,320 23 Debitbaianceof incomeacoount,yearl900 869,847 44 Open book accounts, of previous years, now considered uncollectible, and sundry adjustments 20,767 11 $2,268,93 1 73 OredUr4,114 80 Sundry receipts belonging to previous years The plant will be located on seventy-live acres of land, have capacity of 10,000 oars yearly, employ 1,200 men and cost $1,000,00J to construct and equip. The Tennessee Company will also build an extensive plant to make steel shapes for the ear company. The Southern Company's Memphis (Tenn.) plant will be removed to Biriuingbam to assist in composing the new plant, which latter will manufacture everything entering into the completed pressed-steel freight cars.— V. 71, p. 1273. Westchester Gas Light Co.— Bonds Called.— All the out6 per cent first mortgage bonds, amounting to |27,000, and all the outstanding 5 per cent second mortgage bonds, amounting to $10,000, have be«n called for payment, Hiiiitiiigtou (West Va.) Water BonAs.— Called Bonds.— and will be paid at the office at Yonkers on Jan, 28, or All the first mortgage bonds of 18^7 (Nos. 1 to li)0 inclusive) and all the consols of 1889 (Nos. 1 to 37, 41 to 44 and 101 to soonpr, at the option of the bondholders. The company is one of those included in the Wettchester Lighting Co. (See 200, all inclusive,) have bsen called for payment, and will be paid at the Farmers' Loan & Trust Co. on March 16, afttr V. 71,p. 1175.) Woolson Spice Co. Decision. The Circuit Court at which time tbe bonds will cease to bear interest. Toledo has decided that the Arbuckles as shareholders are International Paper Co.— See Great Northern Paper Co. entitled to inspect certain books and papers of the company above.— V. 71, p. 866, 867. until Jan. 25.— V. 71, p. 1175, Iron Car Eqaipment Co. Reoi-ganized Company.— See American Transportation Co. above.— V. 69, p. 1304. The Hand-Book of Railroad Securities, compiled by the Kansas City Stock Yards Co.— B?(stne«s.— The " Boston publishers of the Financial Chronicle, was issued this News Bureau" says: week. The book contains in small compiss a vast amount of The company has had a very proaperoua year, having earned 9 per information concerning the various railroads and a number cent for 1899 on its ,$7,500,000 of stock and paid dividends of 6 per of the industrials whoss securities are dealt in oq the leading cent, at the rate of I'd per cent quarterly. The balance of earnlng.s was expanded upon the property. The pens a'; the yards have all Stock Exchanges. It shows their earnings, dividends, etc., been floored with brick, and 50 acres of land have been purchase to for a series of years, their present fixed charges, and also the provMe tor the erection of additional pen-. The Si-hwarzchi'd & Sulz amounts of the different issues of bonds outstanding, their berger Co. is erecting at Kansas City a$7oO,Oi)0 packing house, which rates of interest, etc. There is also given the monthly range win create a new demand lor live stock. of stocks anl bonds for 1899 and 1900 and a yearly range for Live-stock receipts at the yards for the year 1900 were: the past four years. Price one dollar, or to Chronicle subDebit balance Nov. SO, 1900, ae per balance sheet... $2,264,810 98 s'"'^n1ing — — t 19P0 1899 Oattle. Calves. Hogs 1,969,718 1.912,019 113,077 105,465 3,094,139 2,959,073 Sheep 800,449 953,241 Horses 103,308 33,775 -V. 70, p. 689. Mills Sewing •& National Asphalt Co.— Attetnpted Seizure.— An armed force of Venezuelans said to be "revolutionists" on Jan, 16 attempttd to seize the company's asphalt propertj' at Gnanaco; the United States gun-boat Scorpion of 850 tons, with eight nuns was therefore ordered to the scene of hostiliti. s. On PhiladelpJiia Unlisted.-The $3,825,010 preferred and common stock have been placed in the unlisted department of the Philadelphia Stock Exchange. $5,87.5,(100 New England Gas & Coke Co.— Say State Oas Sinking Bay SiaAe Gas Co. above,-V. 72, p. 43. Niles-Bement-Pond Co.— In Conirol.-T'ie entire common stock ($1,5^5,000) of the reorganized Pratt & Whitney J?^uwd,— See — Knauth, & Kuhne announce that their Leipzig appointed to receive subscriptions for the 40,000,000 marks SaxoQ 3 per cent loan at 83 60. They further announce tbat they will receive subscriptions here and transmit the same by cable free of charge, to their Leipzig office. Subscriptions will be opened in the United States on January 21st, and close the same day. Attention is called to the offering in another column by Nachod house has been Machine Co.— Stock Ojfered.— Dillaway, Cj. of Boston have been offering at par §50,000 of this nsw Maine corporatiou's $500,000 capital stock. The company, whose President is the Hon. Franklin E, Huntress, is described as controlling all the patents and rights to manufacture two important shoe machints: viz., a "turn-shoe" machine with a welt attachment and a "stitcher," LawrrncB scribers seventy- five cents. officially — Oliver C. Fuller «& Co,, Milwaukee, of $75,0)0 first mortgage Traction five per cent bonds of the Milwaukee Light, Heat Co, This company is owned by the Milwaukee Electric Railway Light Co., which guarantees the bonds. Attention is called to the advertisement in another column of the book entitled " Tae Story of Erie." This very elaboYate work, giving the hi«torv of the Erie Railroad, was reviewed at length in the Chronicle of Nov. 11, 1899. The publisher is John S. Collins, 253 Broadway. Zmmermann & Forshay will receive subscriptions for the new 3 per cent Saxony (Germany) & )vernmeat Loan of 40,000,000 R^chsmark (about §10,000",UOO) at the subscription price of 83 58. The subscription books at their office will close Saturday, Jan. 19, at noon. & & — — — THE THRONKILE. .. : 144 ^Ixje . . t I I Vol. LXXII. COTTON. ^oxxxxntxtml "^imts. Friday Night, January COMMERCIAL EPITOME. Friday Night, Jan. . IS, 1901, 18, 1901. TheMovement op the Crop, as indicated by our telegrsms from the South to-night, is given below. For the week ending evening the total receipts have reached 171,0B4 bales, against 174,916 bales last wee'k and 178,035 bales the previous this The general business sitnation in commercial markets has been of an encouraging character. In a number of lines the consuming trade has been a freer buyer to replace depleted stocks, and the outlook is coniidered favorable for continued week, making the total receipts since the 1st of Sept., 1900, 5 007,682 bales, against 4,376,939 bales for the same period of 1899-00, showing fcn increase since Sep.l 1900, of 630.743 bales. In the iron and steel trade some apprehension has been expressed over the outlook, keen competition am< ng the different large Eteel manufacturing interests being feared. There have been limited withdrawals of gold ralvcBton Sab. PasB, &o. New Orleans. . tlobUe . had no important Complications have arisen savannah BruaBw'k,&o. busir ess activity. for export to Europe, but they apparently influence in financial circles. with Venezuela, but thty have received no serious attenOwing to the rush of business in the Senate, latest > have advanced. The close was steady at 7 80c. for prime Western and 7'25c. for prime City, Refined lard Las been quiet and unchanged at 7 90c. for refined for the Continent. Speculation in the market for contracts has been moderately active. Packers have been buyers, and their purchases have advanced prices. The close was quiet but steady. DAILT OLOSIKO PRICES OF LABD FUTITKES. Sat. Mon Tues. Wed. Thurt. Fri. 7'65 Jannary.. Pork has been held 7-75 7-85 7-70 7-75 7-80 at higher prices but business has been quiet, closing at |13-50@14 for old mess, $14@14 50 for new |15@16 for family acd fl4@17 for short clear. Cumeats have had only a small sale, but prices have been well maindo,, tained at 5^@b^:(o. for pickled shoulders, 8J^@9c. for pick'ed hams and 73<£@bi<c. for pickled bellies, 14@I0 lbs. average. Beef has sold &lowIy and prices have weafeened to $?@9 for mess, |9 75-@10 50 for packet, $ll@ll 50 for family and $14 25(al5 for extra India mess in tcp. Tallovv has been firmer but quiet, closing at 5^^(ab}^c. Stearires have had a fair sale, clo&icg firm at 8c. for lard stearine and liic for oleo stearine. Cotton seed oil has been in fair demand, but on a lower basis of values, closing at 31c. for prime yellow. Biitter has sold at lower price?, but the close was steady at 15(a21c. for creamery. Cheese has been in moderate demand and steady, at 9J^@12c. for State factory, full cream. Fresh epgs have been iu fairly full supply and prices weakened to SO^-^e. for choice Western. Brazil grades of roffee have continued in fairly active demand from the consuming trade, and this buying has held the market steady. The market for invoices has been fairly active. Large roasters have been free buyers of the lower grades. The close was steady at T^gc. for Rio No. 7. West India growths have been quiet but steady at 9.''. for good Cucuta. East India growths sold at a tharp decline but closed steadier. Speculation in the market for contracts has been on a limited scale only. Daricg the latter part of the week aggressive selling bv bear operators weakened prices. The close was firmer. The following are the closing ask> d prices Jan Feb Maroh Raw 5-700. 5'75o. 5-850. I May 5'90o June 5-95c, Sept Oct Dec sugars have been in fair demand, but the I July GOOo. 6'05o 6-Ofe b'15o. clof e was easier at 4 5-16c. for centrifugals, 96-deg. test, and 3 ]3-16c. for iriuecovado, 89-deg. test. Refined sugar has been quiet and at the close prices were lowered to 5 50c. for granulated. Teas have been in fair demand and firm. Kentucky tobacco was quiet and unchanged. Seed leaf tobacco has had only a Email sale, but prices have held abcut steady. Sales for the week were 1,535 cases, as follows: 500 cases 189y crop, Pennsylvatia seed leaf, ]2i^@13c.; 400 cases 1899 crop, Zimmers, 15@iec,; 350 cases 1899 crop, Wisconsin Havana, I0@13c.; 150 cases 1899 crop, Gebhbrts, ISi^c, and 125 (asea 1900 crop. Ef^ gland Havana seed, forced sweat, V5@75c. also 850 bales Havana at 43@92c. in bond and 175 bales Sumatra at 80c.'o$l 60 in bond. Straits! in has been in slow demand and prices have declined. At the close there was a sharp rally reflecting stronger foreign advices, final figures being 26-37}^c. Ingot copper has been quiet, and prict-s have weakened to 17c. for Lake. Lead has been uncnane:ed and steady at 4 3T3^c. for domestic. Spelter has weaker ed to 4 05(a4'10c.,closin«'qaitt. Pig iron has been quiet, and fur forward deliveries there has been an easier market. Refined petroleum has been easier, closing at 745 . in bbls., 4 9Cc. in bulk and 8-50c. in cases. Naphtha unchanged at 9-55c. Crude certificates have b-en nfg'ected. Credit balances have weakened to $1 17. Spirits of turpentine has been in better demand, and prices have advanced to403^@4]c. Rosins have weakened slightly, closing quiet at $l'TO for common and good strained. Wool has been quiet but steady. Hops had a moderate sale at full values. Sat. Mon. 6,297 5,158 11.816 Vtd. Tuet. Tkurt. 8,344 8,453 4,S09 10 123 15,913 13,127 215 38 546 289 7,594 Fri Total 7,556 1.826 8,687 47,624 1,826 59,953 1,862 7.163 24,432 3,035 2,675 699 75 F^ensaoola, &o. 3,286 2,869 4,303 5,645 4,532 7,153 3.797 3,085 303 453 "l"74 714 593 438 297 444 1,424 1,147 133 2,438 8 5,883 708 1,323 1,086 1,224 956 5,846 220 884 825 639 700 1,706 756 1,179 576 1,268 551 281 749 525 CO 16 468 353 234 niarleston.... Pt. Royal,<teo. tion. advices from Washington irdicate that the outlook for the ratification of the reciprocity treaties is not promising. Lard on the spot has had only a small sale, exporters be ing slow buyers, but offerings have been limited and prices at— Receipts >Vllmlngton.... Wa8h't<>n,diic. c^orfolb N'p't NewB, 3oBton Saltlmore Ac. Phlladel'a, 2,608 281 4,456 5,071 2,608 170 1,301 <JfO. New York 8 week 16,600 21,896 37,352 33,051 25,218 ^9,917 174,064 Tot. this The following shows the week's total receipts, the total since and the stock to-night, compared with last yea Sept.1,1900, ••, ialvaston. Since Sep. Thit week. This week. 1900 1, 47,624 1,366,377 8ab.P.,&o. 26,fcl5 1,826 Stw Orleans 59,953 1,653,009 \IobUe 97,128 1,862 98.129 P'saoola,&o. 7,153 Savannah... 24,432 740,059 Br'wiok.&o 71.602 3 085 2,678 Siarleston. 1C0,125 584 P.Royal.&o Wilmington. 215.034 5,883 . &o WTanh'n, 502 276,838 29,463 57,807 133,855 37,942 13,613 8 ^,846 Sortolk... N'portN.,*.!Tew Yotk.. Boston Baltimore PhlladAl,<6o. 2?1 ^,456 5,071 2,608 1,301 Hu :.% 1899-1900. 1900-1901. Rewiptg to Jan. 18. Since Sep 1, 1901. 18£9 181,445 21,119 1,320,276 17,864 57,767 58 059 1,158,655 6,060 135,817 4,008 87,454 27,556 714,186 1.S82 70,485 177,491 5,373 1,212 214,389 5,582 684 s 8,786 260,226 16,140 2,402 20929 1,427 2,342 51,317 62,142,213 27.774 1,493 . 163,412 . 357,706 32,805 411,336 41.856 112,407 8,537 133,086 . -. 16031 3,847 20,695 13,999 9,157 , .... -- - • . 31,380 1,759 102,912 72.000 13,772 6,231 174.064 5,007,682 166 175 4,376,939 Totals 1900. •.. 41,058 3,592 126,162 50,000 13.775 10,626 951,034 1,028,602 In order that comparison may be made with other years, we give below the totals at leading ports for six seasons. Becetptt at— aalves'n.&e. New Orleans Mobile . Savannah Ohas'ton, Ac Wllm'ton, &. Norfolk.... N. NewB, Ac \U others... rot. this (jWnoe wk Sept i 1900 1901, 1899 49,450 59,953 1,862 24,432 2,675 5.891 5,846 281 23,674 38,9? 3 174.064 166 175 58,059 6,060 27,566 5.373 5,591 8.786 2,402 13,365 1897. 1898. 44,780 67,812 1896. 24,266 51,284 6,456 18,330 57,723 90,416 11,712 23,004 7,006 3,668 10,166 21,209 40,526 214 675 294 45,931 29,571 14,712 6,247 10,908 4,237 3,406 9,E25 ?,073 15,464 207,595 233 940 130,160 112,395 8,611 21,663 4,293 2,034 12,257 4,269 3,f05 7,044 5007,682 4376.939 6500,432 6379,149 5401,791 3912,220 The exports for the week ending this evening reach a total of 122,657 bales, of which 66,011 were to Great Britain. 9,745 Belcw to France and 46,901 to the rest of the Continent. are the exports for the week and since Sent, 1 1900. , With .BndtRf Jan. 18. l»Ol tram SiiBi 'rom— er«at Franc 'lOlCki ntnt. Brit'n. New Oomi- France Britait, 4.250 "42.8^5 38.035 1900. ic Jaiu 18 lOCl* fSxvortei to— Hicvorted tc~ Bxvorta i, 531,624 192.573 ; Jab. Pass. *o. New Drieuut 6.3t6 e.fso 1,569 1,569 2e,468 38,614 vlubile Peniaoola ja7anr,ah Brantwick 550,617 197,933 28,83S 4,169 2.828 6,997 3S.45i 8,300 4,767 8.039 12,' Oi 125.991 21,005 Continent. lo.'iii. 287.722 1.061,919 13.102 13.103 377.630 1.128,465 14,576 43.409 31.498 .S1.262 320.333 46?,329 ... 30,9/2 12,C08 43.67S Cbarleitoc. Port Boyal. Wllmlnsiou.. 69.673 69,221 128,S97 71.965 122,530 194,4!;6 Morfolk... -S'Dort N.. New . &o ToTk... Boston Saltlmore 2,123 4.828 i5 6,257 5,694 650 Total Total. 1899-00 840 i,8oa 3.7(0 92.iwe 18.670 216.818 2,122 11,180 14,970 110,154 5.694 201,907 l.EOr 203.414 650 51,054 21,U7 7a, 171 1,560 301 1,801 9.091 Philadelphia.. SanKran., Ao 1.800 840 14.468 9.0P1 66.011 46,901 122.657,l.o77.7r4 434,284 1,372.233 8,6f 4,291 5 1.839 8?.073ll55.He'<'l.158.P26 478.465 1.430.7fl0 3.062,741 p . . January 6. 1 w ' THE CHRONICLE 19, 1901. J In addition to above exports, our telegrams to-night also g^ve us the following amounts of ootton on shipboard, not cleared, at the ports named. add similar figures for Hew York, which are prepared for our special use by Messrs 145 Futures.— Highest, lowest and closing prices at New York, We Lambert & Barrows, Produce Exchange Building, ~- ««: » ON SHIPBOARD, NOT CLEABEO FOE— Jan. 18 at— New .... Savannah Charleston ... Mobile Norfolk New York.... Other ports Total 1901.. Great . 15,864 9,209 13,403 9.120 17,545 26,679 2,800 3,000 15,250 Coast- OOOC 8,74 1,074 1,334 12,487 "ebo 706 48,292 67,165 2l.0f0 i.-^oo 700 "575 "706 13,000 i6',oo6 309,414 114,280 91,357 14.781 32,105 18,380 101,637 85,298 13.000 8,000 13,000 1,275 31,000 41,484 29,754 66,032 19,251 27,261 183,782 68,980 123,275 was on a slightly lower basis of values. reported a fairly full demand for cotton goods, I o I Sat. Qtood Ordinary...^.... Low Middling Manchester and locally 9h7 raon Tnefi UTed Tfc. Prl. 815,6 99ia MlddUng Good Middling ID'S 10 107,,. 105,6 MUddllngFalr lO's 10% GULF. Sat. Good Ordinary. Mon 10 i, 8 813,6 8 3,6 ~8^, 97 6 9^16 97ie 9 '8 9 •^8 9 'a 10<,e 103 « 103,6 lOOs lOSs 813,6 9'16 9 '8 Tneis 1088 Wed Th. 10»8 Fri. 9I16 91,8 91-6 9ii« 93,B 913,6 9'i,c 9U„ 911 If. 91, 1038 lO** 10% 10>« 10% 10% i0u,a ioy,8 10T,fl 107,6 107,8 107,6 lii« 11 lO^g 10^8 1078 1078 93i6 91&,6 Low Middling.. atlddllng Middling.. Middling Fair.. Good STAINED. Sat. Low Middling 8B8 958 MlddUng Low Middling Tinged... Good Middling Tinged 9\ non Taea 8% 9% 9»8 838 9% 9% MTei Tli. FrI. 838 938 838 938 9% 9% 938 913 10% 10 978 979 978 979 The quotations for middling upland at New York on Jan. 18 for each of the past 32 years have been as follows. 1893. ...0. 9% 1892 79,6 1891 97,8 1901. ...0. 979 0.ISI9 1885 ....0.111,8 1877. 1884 1011,8 1876 13 1883 1514 1875 l03iH .579 1890 lOSft 1882 12 Ittiu 1874 H97. 78 e 1889 9 6,6 1881 20Ss 1113,6 1873 196... 83,8 1888 108,6 1880 2179 1?% 1872 i95... 5% 1887 97,„ 1879 1538 97|8 1871 1J94... 81, 1886 95,8 11^4 1878 1870 25% Note.— On Oct. 1,1874, grades of ootton as quoted were changed According to the new olassltloatlon Middling was on that day quoted »60. lower than Middling of the old olasslfloation. MABKET AND SALES. The total sales of cotton on the spot each day during the week are indicated in the following statement. For the convenience of thO' reader we also add columns which show at a glance how the market for spots and futures closed on same days. T\ 6% SCO CD« ©OS »- aw I v>ts CCCC 20 QCOO COCO •six ©CO (0© Id 0000 OCOD MM CX© I d Mabsbt Olosbd. . Monday Tuesday Wednesday Thursday . . . Friday Total PDTOKB8 Market Closed. Dull Quiet Dull at %dec... Easy Dull at % dec... Steady Dull Steady Dull bteady Dull Steady Jalks of Spot & GoirrKAOi Ex- Con- Con- port. tump. tract. 1,706 184 "71 255 Totdt 1.700 500 684 1,500 1,6C0 .... 71 3,700 3,955 « < CCK) I I CO CO I- CO I e I d I d toco a,*- d I I Id CD CO CO CO tOK) id Id d *® ' CO--) I tC til «co if^td 19 "^1 MM Ul"] coo f-CD cots » in e V CO I v> ©« COCO Ci:eo o© ©M I d I d ^ w ~3© d d I I <c© ©© ©© ©© ©© ©© COO tCCd 10 Cd 03 Cd 00 OD © 50 ©© ©© cc© COCO t-'f 10 to 00 tObO to to to to to to ccto ccto I d I d I d ' d I d coco QCQD ©d «© I a OOQD OCCX) 0000 ©QC 01 ©« CO© t<>to I d I d I I Q) I Ilk I I r8 M»- co*.o ll^OD I M*- I*? ©© ©© ©© tCA ©« tCK> tOK. toco toco tiCO 901 ©». MOO .. CO 10 ©QC ©M to to 00 op ©00 ©© ©© «© ©© e© coo coco OOQO OOCD MM MM Cjici o© Ck^tO Goto CO to CO to i^co I^CO © w ©<1 ©X ©© coo WW ©-a oto »J© cow CO d d d d 9 d o d d d OCX ©© ©© ©© ©© ©© ©© ©CO ©© QDOD *l to to e>er> o© COCO c-co COCO WCO *« W 00 -a oc w w© aoD ©o ODOO O 00 00 QCOp cooo coco ©CO ©© CO© coco CO© CO© 2i tOM c to to to CCCO totb WW tcto to to oco coo COtO ©1^ o M® ©to 6cc ©CO © 00 w 00 ©O ©© «© CciO. csco tcto ll CO© coco 00 50 ^1 ' I i I |C>C0 I IP- d I I d 2i w I I I I d I I d ^ Id I d d Id coco cc© to to •sJOC coo ©M coco X© toco CO CO© o© ©© w« 00 eoci coco 9 &9 d CO© cc© ee coco CO •a I d ©© 00 00 to to OC 00 COM WW MtO MO 00 00 OU OOQp to to aw cJcJ< d d I CO© en CO I op© COM CO) 00 I d I ©6 cc© 01 I wo to Id I w O M d d 10 ' O 9 I d d ©CO ©CO ' tOtO WlC I ! 9 coco ©CO ' d I QC © © to to to to 9 Id Id ' Id ccco OC*k iC^CO 9 d CD CO© I I iXi to I*? M I coco »4C0 Id CO© CO© © © COCO COCO M w© 06© 010 d coco CO 1-^ s -» H Mft • ^p * CD© ©© ©w < d CO© ^^ © MO 00 mS ©« Cm «J © w M d d .0 to w 'to I , > ? * ® ® O O. 00 ^ ^ M M M CO to © The "Visible buPPLY of Cotton to-night, as made up t>y cable and telegraph, is as follows. Foreign stocks, as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday evening But to make the total the complete figures for to-night (Jan. 18), we add the item of exports from the United States, I I 00 I 00 M ' to . M rfk ' I ' CO cJi I I I to including in it the exports of Friday only 1898. 1899. 1901. 1900. stock at La rerpool bales. 668,000 713,000 1,618,000 1.003,000 Stock at London 4,000 2.000 4,000 12,000 Total Great Britain stock. 680,000 715,000 1,622,000 1,012.000 Stock at Hamburg 7,000 13,000 18.000 16.000 Stock at Bremen 351,000 192,000 237.000 *416.000 Stock at Amsterdam.... ...... 2.000 3,000 3,000 Stock at Rotterdam 200 200 400 200 Stock at Antwerp 6,000 7,000 4,000 5,000 Stock At Havre 284,000 120.000 253,000 295,000 Stock at Marseilles 3,000 4,000 4.000 4,000 Stock at Barcelona 57.000 68,000 49,000 69.000 Stock at Genoa 28,0C0 49,0O0 41,000 37.000 Stock at Trieste 6,0O0 11.000 3,000 2,000 42r..200 H31,2>0 Total Continental stocks. 857,200 754,400 Tetal European stocks 1,105.200 1.34 i.2O0 2,479 200 l,7ti6,4C0 India ootton anoat for Europe 101,000 19,000 31,000 59.000 Amer. cotton afloat for E'rope. 612.000 467,000 75 ).000 644,000 EKTDt. Brazil, Ac. aflt.f or E'pe 52.000 33 000 63.000 41,000 Stock in Alexandria, Egypt... l-BT.OOO too.ooo 260.001 261,000 Stock In Bombay, India 19 -.000 J-^O.OOO 331,000 800.000 Stock In United states ports.. 951,034 1.02'?.' 02 1.14J.20;) 1.339,953 6-< Stock in D. 8. Interior towns.. 788,9S9 755.849 67.1. 602.839 :-t7,078 United States exports to-day.. 23.432 37,663 50.540 Total visible supply 4,135,715 47217^314 5,7i!9.255 4,945,721 Uf the aboye, totals of American aud other desunpnons are as loUowi: American— Uverpool stock 885.000 591.000 580.000 1,507.000 817.000 717.000 893.000 599.000 American afloat for Europe... 612.000 4' 7.000 7.=>0.000 644.000 United States stock 951.034 1,023.- 02 1, 149.209 1,339,953 United States Interior stocks. 78«.989 7o=>.849 673.768 60;, 828 ?0,°i40 3T,07>4 37.6ti3 United States export* to-day.. 23.492 Total American 3,364,515 3,463,114 4 »34,055 4,239,321 SoMt Indian, Brazil, dc— Uverpool stock lll.OOO 123 000 77.000 133. OW 4,000 London stock 2 000 4.000 12,000 Oontinental stocks 40,200 37,400 27.200 32.200 34,000 India afloat for Europe 19,000 59,000 104.000 33,ooo 41.0O0 52,000 Ksrrpt. Brazil. Ac. afloat 6:^.000 Stockin Alexandria, Egypt... 187,000 200.000 260,000 261,000 Stock in Bombay, India 331.000 3^0.000 2><0.000 _195.000 --^'- vt> :95.200 Total East India, Ac 749.2(X1 771. 2cO Total American 3.364. 5H> 3.463,U4 4.9U.05 5 i Total visible stipply ...4,135,715 4.2 17.31 4 5,729.255 4 33 e<lMiddllug Upland, Liverpool.. 6)6. nd 4i»i3d. 3;<,ei 57,6. 6l6C. Mlddlln.B: Upland. New York.. 979). 71?i6C. >i39l. Egypt Good Brown, Liverpool 56|.d. 7Ii«d7i9d. 6%d. Peruv. Roueh Good, Liveriwol 739d. S^,«d. 31 1,..,**., Broach Fine, Liverpool 47,6(1 5%a Tlnnovelly Good. LiverpooL.. 3%l. 4>4'i. 5»9d. * _... Stock coireoted In Februarv ...1899. JSr Coutineutai imports past week have been 119,000 balea. The above lignres indicate a decrea.'<e in 1901 of 81.599 bales as compared with same date of ISOO, a loss of 1,693,540 bales from 18S9 and a decline '><" 810,006 bales from 1888. bales. Oontinental stocks , SFol- Saturday w?»; - ?;'?': ?»: 00 *! QDOO I A UPLANDS. II 00 865,233 845,977 there developed moderate buying by recent sellers to cover short eale8. Thursday the market again turned easier. Liv erpool reported a decline in prices, influenced largely by a fairly fall movement of the India crop, as shown by the weekly figures of receipts at Bombay. Reflecting the weakness in the Liverpool market, values locally turned easier, but the trading was along very narrow lines. The stock of contract cotton in New York is steadily increasing. limited amount has been tendered on January contracts, which has been absorbed by interests supposed to be engineering the January deal. Trade reports from the Continent have continued unsatisfactory and American spinners are having only a moderate trade. To-day there was a firmer market. Liverpool advices came better than expected and this, coupled with a growing belief that the crop movemant will show a falling off, advanced prices. The close was steady at a net gain in values for the day of 6'^ 10 points. Cotton on the spot has been qniet, closing at 97^c. for middliog uplands. On the basis of the rates on and off middling as established by the Revision Committee, the prices for a few of the jrrades would be as follows: 1900 1899 1898 ?»; toe I 767,252 13,957 183.369 35,431 303,232 00 0> o Speculation in cotton for future delivery has been on a moderate fcale only. The undertone of the market has been unsettled, with prices showing a moderate decline, the effect of liquidation by tired holders. Early in the week a continued fairly heavy crop movement, coupled with tame foreign advices, started general selling, under which prices dropped to 9"51c. for January, 9-25c. for March and 9-22c. for May. An estimate of 10,263,371 bales as the yield of the present crop also had its influence against values. Wednesday, however, there developed a steadier tone. Liverpool advices were better than expected, reporting higher prices for futures and increased sales of spot cotton, although the Btrlot *: itock. Total. wise. "iob Total 1900.. 52,«169 27,763 Total 1899. 104,580 39,896 latter g?": T?': f?: Leaving aerOther „ BHtain ^'»<^ many. For'gn Orleans. Galveston Et-; a . THE CHRONICLE. 146 At the Interior Towns the movement—that is the receipts week and since September 1, the shipments week and the stocks to-night, and the same Items for the for the for the oorrespondlng neriod of 1899-1900 -is set out in detail below. V Jan. 18. o OB sp Quotations for Middling Cotton at Other Markets,— Below are closing quotations of middling cotton at Southern and other principal cotton markets for each dav of the week. OLOSIIIQ QUOTATIONS Week ending 3BO S-B(»a*^'^oi^o2.Sf3® 5.02 a Sog»tP^»BS» pe*B8B(^p o? © B' HODO •* New Orleans MobUe Savannah... H O o S*H w H rf Sfca Charleston.. 9^ Wilmington. Norfolk Boston Baltimore . 9Jfl Philadelphia Augusta Memphis : <i 0>HMK3 •-•J^ jl-i OI M 05 (0 M M ts w j&w^cco5jot305Co-j'<i^"ro5ifk05C «> aojotoaCM-qcifkooetc V^To'coKj'oiNo'wVio'iho'' b:"^i«'«<D'>-''i:®'aw<joVjiyico"J-'w'o ot -q <i fn o 05 * 01 a a o I Ml-' c;'too©ci-i « b3>-«*»aK^h-tnttW050o 00 0« loCOCCM' ©050)50' ^0Mt0^3^C(X)OaD^^' «4taiut9 aD-^l"J'W -J^©r- K) uO^TOyOSO'— tOtCW©COcO>-'l-'©i->tO»3WOl O»0i^oi©ow©c;a!a;acct0^^O'O-wo>w toco© O W « t4 #>- N> ~J CO 1^ «M M en OW U ll^ MM M l(!> en 0) >-> MM OS to C;< '- CO ts to M M M *» *w l^ 5D00 ^UOO i^O: M M ^05 © to © jf' >J c to oc w m «eji w vjf^^S^ OMl3iV©1s'b>'b<©©awV: ococM ocoio'oDMNwVj'fo'olaV-to'© W<OMM — lCOt000>-'QD00aDa)e0^-J=ttt0t^WaDl«>-tt©OCD00:O-JCi' 1^ 1^ KktOi^^J *>• JO ©J»= tOMM«o©ai0^i:ncocx©iF^tOMCooo©v>ii=^(C'©aDOOit>cociF'U>MM ," f° "^Jbi "501-1"^ M ^ Pi^i^f^i^^T'i^ 'Mtots'ioos'ccrf^'ic'Vjh-Vi ** to*. MM^I^MMi^ 'momVjk>V-'>-occ©co»o »©MJ<©<l0D05l^~l©Mi(»U'Oa)U©WW<'0)C«O'OCM<I>-tCM MW»JOOC>:MMlf»^»»»lMO©CCMU'«*500<O'WWi«>t0t0O. <C05 O OJM (OlOtOtSMM 9^ 9^ • The above 52- show that the interior stocks have decreased during the week 5,108 bales, and are to-night 33,140 bales more than at same period last year. The receipts at all towns have been 38,287 bales more than same week last year, Overland Movement for the Week and Since Sept. 1.— We give below a statement showing the overland movement for the week and since Sept. 1, as made up from telegraphic reports Friday night. The results for the week ending Jan. 18 and since Sept. 1 in the last two years are as follows. 1900-ieoi. 18. Week. 1899-1900. Since Sept. 1. Week. Since Sept. 1. Shipped— Via St. Louis Via Cairo Via Paduoah Via Rock Island Via Louisville.... ... VlaOlnolnnatl Via other routes, &o. 621,438 19,207 169,€02 2,638 48j 5,145 317 44,686 5,161 87,737 3.521 49.847 172,222 8,958 22,706 8,829 , 168 765 4.724 3,106 10,021 581,660 146.232 9,177 9.679 169,206 lOl-.-^ie 156,627 Total (![ro88 overland "49.8I9 1,140,677 40,287 1,174,117 Deduct tfiipments— 7.475 162,167 Overland to N. Y., Boston, Ao.. 13.436 243,217 Between interior towns 1,175 79.856 2,007 50,981 Inland, dec, from Soutb 2,955 26,819 1,286 60,117 Totalto be dedaoted. * 349,892 10,768 273,265 Leavlngtotal net overland*.. 32,258 790,785 29,619 InoladlnR movement by rail to Canada. 9C0,e52 17,B66 The foregoing shows that the week's net overland movement this year haa been 32,253 bales, against 29,519 bales for the week in 1900, and that for the season to date the aggregate net overland exhibits a decrease from a year ago of 110,067 bales. 1899-1900 1900-1901. In Sight and Spinner $' Takings. Week. Since Sept. 1. Week. Since Sept 1 174,064 5.007,682 166,175 4,376,9J 9 Receipts at ports to Jan. 18... 32,253 790,785 29,519 900,t<.'i2 Net overland to Jan. 18 Boutbetn consumption to Jan. 18 29,000 568,000 30,000 581,0' 235,317 6,361.467 225.624 *6,108 744,362 * 31,323 Total marketed.... Interior stocks In excess. 5,8.')8,791 512,666 Came 194,371 Into sl^ht during week. 230,209 7,105.829 6,371,457 Total In eight Jan. 18 -'~-*V'n spinners tftk'cB to " Jan IB 63.008 1.222.254 65.1641,532,599 i»bcreabe during week. Movement into sight in previous years. Since Sept. 1898-99 1897-98 1896-97 1895-96 bales. 253,968 273,:i43 138,361 116,774 1898-99 1897-98 1896-97 1895-96 9ifl 919 9»« 9^8 9''8 9k 9ifl 9"'« 10 10 10 10i« 9«8 958 99l8 lOia 968 10i« 10J« 988 91a 9's 9ifl 97, 9^ 9ifl 9% 9% 9^ 9»t« 91« 91s i'TlS 9% 9'l8 9% | Oolumbus,MlsB Eufaula I Little Rock..., I Montieomery... I 93e 9ia 914 Ok i)^ 9i« S^it NashvlUe Natchez Raleigh Bhreveport 914 96ie 9S8 9ii« — 57, lowest ift. totals January 9ifl 914 938 914 9i« — Texas. The week's rainfall has been twenty hundredths of an inch, on one day. Average thermometer 50, highest 72 and lowest 28. San Antonio, Texas.— It has rained on one day of the week, the precipitation being six hundredths of an inch. The theimometer has averaged 54, the highest being 76 and the Sri wS-3 ; 1»: S7,e Weather Reports by Telegraph.— Our telegraphic advices this evening indicate that as a result of rather unfavorable weather conditions during the week the movement of cotton has been interfered with in some sections of the South. Rain has fallen in about all localities and the precipitation has been somewhat excessive in portions of the Gulf States and at a few points elsewhere. Galveston, Texas. have had a trace of rain on one day the past week. The thermometer has averaged 40. the highest being 68 and the lowest 34. Abilene, Texas, There has been no rain the past week. The thermometer has averaged 54, ranging from 88 to 80. Corpus Christi, Texas. have had rain on two days during the week, the rainfall reaching forty hundredths of an inch. The thermometer has ranged from 40 to 74, averagPalestine, Stag tOC^lMMlOMMta wo:tojikMao^*k <>ooa©*k«5vuoMifkeotot3<^ao)K)_tc toato M M M O M*— 01 00 «c 'ij'iii.'co <jia1o b> osmViV) o c® MCc'Ie''® O te'-' ©Mt0«C*-MMQ0«e| 000bC;>*>.oi0C©-i MQ0<IC0l^OiO:<O©0C.xcnCJi MttM-JtOt>:©i&oa- >< CO 1^- PC K> oc o to CO to M to e .^ to to tf^ <H;i 9% 958 ing M to _MoJ 97ie 91s 914 938 9i« 914 97x8 9I4 91* — We OJ »-' QDMWMMMW-JCflMO'lUM w w 00 06 JO <i wjfc Fri. —We M ODM-l'o _ W C>tel0't»;'©tO*©«JO5'M'*MM'lfkh0^'(CiwC;iKI(0QDISi'b:M ^•fl— Mf0<CB50M»J©^l|(>.(->^l(k«lO3J-|fk<It0MO3©MOit0Me^M coaO(z>aoas^Qowac>JOMCOieic>o<oi©Mao#>'UiM;o>J^'>4i«^a CO ac 1014 Houston Atlanta Charlotte H05*>-M tOMtO 10 10 lOifi Cincinnati.. LoulsvUle. . Louis OolnmbuB.Oa. MOM 99ifl lOie 10i« 1088 9i3,e 9»8 988 9ifl 97i, 9»4 938 91s 91a 91a 9»fl 9ifl 988 1018 Athens M>-ltOQOt300l-'<^lO^N.U<<S003CCNOh'«;iF>'U<Or'|bU<«Oi<OOA^ to to- Thure. Southern markets were as follows. COWlt^MtOWMOfOifO (-'-MMH'OoeOOlO'MWkSI-' Wednes. OOTXOM ON- 9ifl 988 9=8 958 9^ The closing quotations to-day (Friday) at other important ©OWOO<l^o^^^OQo^50p--lO*>•a.Hll-'o:«DaJO^-0«•05^^*«<:/'l-• «OOMCO lCIDDI.IMa 7t> ^> 938 958 988 9*8 8t. *>> Tuet. JIfon. 9S8 988 938 9's Galveston. 55 'Kg; Satur. FOB pi's o .^ [Vol, LXill. 1. bales. 8,499,143 8,lv 0,862 6,7t 9,759 5,410,682 32. — New Orleans, Louisiana. There has been rain on three days the past week, to the extent of eighty-two hundredths of an inch. The thermometer has averaged 57. Shreveport, Louisiana,— 'Rsiln has fallen on one day during the week, to the extent of fifty five hundredths of an inch. The thermometer has ranged from 28 to 71, averaging 48. Columbus, Mississippi, There has been no rain the past week. Average thermometer 48, highest 66, lowest 30. Leland, Mississippi,— It has rained during the week, to the extent of three inches. The thermometer has averaged 50'9, the highest being 75 and the lowest 28. Vicksburg, Mississippi.— There has been rain on four days during the week, the precipitation being eighty hundredths of an inch. The thermometer has averaged 48'5, ranging from 30 to 68. — — Little Rock, Arkansas. Some picking is being done and preparations for the next crop are beginning. We have had only a trace of rain during the week. The thermometer has ranged from 33 to 66, averaging 49. Helena, Arkansas. The area under cotton the coming season will depecd upon the labor available. Preparations for the next CI op have just begun. There has been rain on two days the past week, to the extent of eleven hundredths of an inch. Average thermometer 43*6, highest 68, lowest 25. Memphis, Tennessee. We have had rain on one day the past week, the rainfall reaching twenty two hundredths of an incb. The thermometer has averaged 47*2, the highest being 68 1 and the lowest 29-8. Nashville, Tennessee. There has been rain during the week, to the extent of twenty-four hundredths of an incn. The thermometer has averaged 45, ranging from 22 to 66. Mobile, Alabama. Very little progress has been made in the preparation cf land tor the new crop in consequence of the unfavorable weather. An increased acreage is generally expected. Theiehas been rain on four days cf the wesH, the rainfall j caching three inches. The thermometer has ranged from 38 to 70, averaging 53. Montgomery, Alabama, Rain has fallen on four days duiing the week, to the extent of three inches and twenty- nine hundredths. Average thermometer 51, highest 69, lowest 33. Selma, Alabama. There has been rain on three days during the past week, the precipitation reaching two inches and forty hundredths. The thermometer has averaged 50, the — — — — — — highest being 68 and the lowest 26. Madison, Florida. There has been rain on one day the past week. The rainfall reached seventy hundredths of an inch. The thermometer has averaged 59, ranging from 35 to 74. Augusta, Georgia. We have had rain on three days during the week, to the extentof ninety- eight hundredths of an inch. The thermometer has ranged from 29 to 73, averaging 51. Savannah, Georgia,— K-din has fallen on four days of the week, to the extent of fifty hnndredths of an inch. Average thermometer 55. highest 74, lowest 35. — — I . J.VNUAKY . THE CHRONICLE. 10, 19C'l.] Charleston, South Carolina.— There has been rain on two days daring the week, the precipitation reaching thirty six hundredths of an inch. The thermometer has averaged 54, the hieihest being 70 and the lowest 35. Stateburg, South Carolina.— Some planters have begun plowing. We have had rain on three days the past week, to the extent of one inch and seven hundredths, and it is still raining. The thermometer has ranged from 33 to 75, averag- 147 — in transit or for future delivery showing the dates of euch trani?actioD8, the name or names of the party or parties thereto, the quantity bought or sold, and the price thereof." Memphis Cotton Excu.\nge Election.— The Memphis Cotton Exchange held its aniiU il election for officers on the 9th intt.. and the following were elected to serve during the ensuing year: Cleland K. Smith, President Gwynne Yerger, John McGrath and J. A. Post, Vice-Presidents W. Bowles Jr., M. W. Moseley, A. H. Frank, R. L. McKellar, A. J. ; : ing 53 5. Greenwood, South Carolina.— There has been rain on three days the past week, the rainfall being one inch and forty-five hundredths. The thermometer has averaged 49, ranging from 39 to 59. The following statement we have also received by telegraph, showing the height of the rivers at the points named at and Jan. 8 o'clock Jan. 17. 1901, 18, 1800, Jan Hew Orleans .Above zero of gauge. ..Above zero of gauge. ..Above zero of gauge. ..Above zero of gat ge. ..Above zero of gauge. .... . Memphis Nashville Bhreveport Vloksburg 17, '01. . Jan 18, '00 . Feet. 5-1 9-7 Feet. 3-8 26-8 6-7 12-7 13-6 5-6 92 50 India (Jotton Movement from all Ports.— The reoelpte of cotton at Bombay and the shipments from all India porte for the week ending Jan. 17, and for the season from Sept. 1 to Jan. 17 for three years have been as follows: 1900-1901. Seceipti at- Week. Bombay. 86.000 1898-1899. 1899-1900. Since Since Week. Sept. 1. 508,000 Sine* Week. Sept. 1. Sept. 1. 457,000 76,000 41,000 For the Week. 532,000 Since September 1. Mxporit from— Great Continent. Britain. Oreat Britain. Total. Continent. lotat. Bombav— i',oo6 167,000 16,000 81,000 193,000 16.000 82,000 1,000 1,000 1.000 2,000 7,000 5,000 13,000 8,000 6,000 15,000 1,000 7,000 9,000 1,000 13,000 16,000 1,000 15,000 33,000 10,000 50,000 250,000 33,000 162,000 19,000 21,000 26,000 7",6o6 7".000 1899-00.. i'.obo i",6o6 1898-9 J.. 1,000 1900-01.. 1899-00.. 1898-99.. 2,000 Calcutta— 1900-0 1.. Madras— 1900-01 . 1899-00 1898-99.. All others— 1900-01.. 1899-00.. 1898-99.. 1,000 . 2,6o6 3,000 00.. 1898-99.. i'.ooo 4,000 4,000 19.000 1.000 12,000 22.000 1,000 12,000 41,000 1.000 9,000 209,000 32,000 153,000 Alexandria Receipts Alexandria, Egypt, January Shipments of Cotton.- a.nd 1900-1901. 16. ReoelptB (oantars*) . . This week Since Sept. 1... Since 1898-1899 1899-1900. 240 000 190,000 3,517,000 Thit week. 165.000 4,143,000 4,9 3,000 1 1 Sept. 1. TMt Since week. Sept. 1. Thin week. Since Sept.l. { Exports (bales)— loUverpool.... To Continent t.. 6.000 178,000 8,000 252,000 3.000 170,000 4,000 131,000 19,000 232,000 10,000 162,000 Total Europe 10,000 309,000 27,000 434,000 13,000 332,000 * Aoantar is 98 pounds. >f wbich to America In 1900-1901, 26,247 bales; In 1899-1900, t 53,076 bales: In 18 '^-99. 20,465 bales. MA^ CHESTER MARKET.— Our report received by cable bo-night from Manchester states that the market continues c[uiet for yarns and firm for shirtings. The demmd for bo.h varn and cloth is improving. We givie the prices for to-day below and Itave those for previous weeks of this and last year for comparison. 1900-1901. 1899-1900. 8 "4 lb$. Shirt 32* Oop. tng$, Twitl. d. iDo.14 d. 84 999^ 21 838 9938 " 28 838 t»9% •• ] Jan. 4 " 11 i^ 99^ S^ 0938 " 18 8>« rectors on the following day. This position he has held contiLuously since March 15, 1881. Jute Butts, Bagging, &c.— The market for bagging has been very quiet the p4.st week, but prices are nrimically unchanged at57^c. for \% lt>. andSL^^c. for 3 lb., standard grades. Car-load lots of standard brands are quoted at ^%@^%<i., Jute butts continue very dull f. o. b., according to quality. and nominal at liJ:^c. for paper quality and l-50<g2'45c. for bagging quality, — SHIPPING MEWS. As Shown on a previous page, tbe exports of cotton from the United States the past week have reached 122,657 bales. The shipments In detail, as made up from mall and telegraphic returns, are as follows: total balet. New York—To Liverpool, per steamer CeTlo, 3,906 To Hull, per steamer Buffalo, 140 To Manchester, per steamer Flaxman, 488 up'and and 294 Sea Island To Havre, per steamers La Champagne, 45 8ea Island «938 Oott'n •o- r, common Mid. *tJJl^^^"- to flnett. s. d. 5 5 5 5 ®7 OS 5 6 6 5 5 '98 d. 8. 1 b^9B X^ ©8 lifl «8 1>2 Uplds d.» 588 5»« .S15,2 5l7.,a 6 51«.<J2 G 516.,2 d. d. ©71* 7 '91^ 7 71iB*788 8H IbM. Shxrt- OotVn inui, common ifid. Upidt toftnett. 8. d. s. 4 10ifl'»7 4 10»«»7 4 11 7ii«i'»7ii,8 4 11 7i,«a7ii„> 5 7^ '97!^""' 5 d 7"* 7»9 d. 438 45i« 41s »7 8 -07 8 «7 «7 9 4V 9 41»39 4>!'3a Cotton Exch.\nge Amendments.— Jnifia^ion Increased.— Mtmbership Limited. A meeting was held yesterday by jnembers of the New York Cotton Exchange to consider tiinendments to the. by-laws. By a vote of 161 to 26 the inmembership in the Exchange was raised to and the membership limited to 450. The membership tiation fee for jis now about 438. The new rule recently adopted by the managers requiring a record of transactions be kept by members went into iJffect on Monday at noon. The rule is as follows: "Every .member of the Excharge mutt keep a written record of all Itransacticns made by him in cotton— spot, to arrive, f. o. b. \ )!;hat 140 782 98 Thornhill,50 To Bremen, per steamers Prlnz Regent Lultpold, 3,132 Trave, 750 3,882 1,300 To Hamburg, per steamer Cap Fiio, I.SOO To Antwerp, per steamer Noordlaud, 200 To Copenhagen, per steamer Arkansas, 500 To Oporto, per stean er Dona Maria. 250 To Tileste, per steamer fowhatau, 125 New Orleans— To Liverpool— Jan. 12- Steamer Nioaraguan, 200 500 250 125 2,000 2,000 To Hull— Jan 16— Steamer Akaba, 500 To Belfast Jan. 12-8teamer Ramore Head, 2,896 Jan. 15 Steamer Glen arm Hen d 1,000 To Havre-Jan. 17— Steamer Cairnoraig, 5,800 To Rouen-Jan. 11— Steamer Marie Elsie, l.liO To Bremen— Jan. 12-8teamer Australia. S,950 To Dunkirk- Jau. 17-Steamer Southgate, 3,000 To Hamburg— Jan. 12— Steamer Lord Kelvin. 1,900 To Rotternam- Jan. 15— Steamer Grenada, 440 To Antwerp— Jan. 15— Steamer ,4,312 1o Copenhagen- Jan. 11— tjteamer Lonflpshorough, 800. .. To Barcelona— Jan. 14— Steamer Conde Wilfredo, 5,686. To Genoa-Jau. 1^— Steamer Quarnero, 5,000 To Venice-Jan, 12-Ste mer Quarnero, 200 To Trieste- Jan. 12- Steamer Quarnero, 150 QALV88TON— To Liverpool— Jan. 1.!— Steamers Bernard Hall. 5.262; Paulina. 3,134 ...Jan. 14-Steamer Idar, 6,841 Jan j6-Steamer Hellenes. 9,264 To Manchester -J an. 16— Steamer Domingo da Larrloaga, 500 3,S96 5,500 1.150 3.9.'i0 3,000 1 8 O 5,686 S,000 200 150 li4,E01 13.834 2.122 900 440 4,-i42 To Genoa— Jan. 15— Steamer Solano, 4,250 Corpus Chbisti.&c—To Mexico, per railroad, 1,569 Pbnsaoola-To Liverpool— Jan. 1 7— Steamer Grai la, 4,169 To Genoa Jan. 11 -Steamer Sydenham. 2.8a8 Savannah— To Manchester- Jan. 17— Steamer Regina, 3,326 upland and 1,441 Sea Island To Bremen Jan. 16— Steamer Luise 8 039 Newport News—To Liverpool— Jan. 16—Steamer Kanawha, 13,534 4.250 1,569 4,169 2,828 4,767 8,039 2,122 Boston -To Liverpool— Jan. 8— Steamer Bohemian, 4,234 Jan. 14 Steamer Kansas. 1,460 Baltimore To Hamburg— Jan 16 8teamerBengalia,650 San Franci8CO-To Japan— Jan. 16 Steamer Gaelic, 290 Tacoma—To Japan— Jan. 14— Steamer Tacoma, 550 5,694 650 290 — 850 122.657 Total Cotton freights at New York the past week have been as follows. Wednt: Ihura. Satur. if ON. TVM. Llverpoool c. 16 16 16 16 16 16 Havre. c. 31i« 311a 31it 31i« 311a 3II3 e. 27 25 27 25 27 25 27 25 c. Nom'l. Nom'l. 35 43 40 40 Nom'l. 35 Nom'L 35 43 40 40 Bremen c. Hamburg Amsterdam Rotterdam e. Reval, v.Br-Hamc. Do Do V. Hull...c. V. St. Pet.c. 35 43 43 40 40 40 40 JTn. 27 25 Nom'l. 35 43 40 40 27 25 Nom'L 35 43 40 40 Genoa, Jan e. 371a 371a 371a 371a 371a 871s Trieste c. Antwerp e. 43 25 43 25 43 25 43 25 43 25 43 25 3m 31i« 31i« 31i« Ghent, v. Antw'p.c. Slia Quotations are cents per 100 lbs. or fractions of a penny per * And 5 per cent 311s lb. — Liverpool. By cable from Liverpool we have the following statement of the week's sales, stooks. &o., at that porti — ilO.OlO 3.906 . . 26,000 10,000 46,000 7,000 Total all— 1900-01. 1899 Ackerman, M. H. Quntber and W. E McGeh»-e, board of and C. W. Schulte, Trtasurer. Mr. Henry Hotter was ucaoimously re-elected Secretary by the board of di- directors, Dec. 28. Sales of the week Jan. 4. bales. 18,000 29,000 Of which exporters took... Of which speculators took. 300 200 700 100 16,000 9,000 63,0<0 625,000 536,000 156.000 122,000 296,000 276,000 25,000 8.000 57,000 6S2,0O0 597,000 121.000 114,000 263.000 230.000 Sales Ajiierican.... Actual export. ...... .......... Forwarded Total stock- Estimated Of which American— Est'd. Total import of the week Of which American Amount afloat Of which American Jan. 11. 55,000 40Ci l,000i 49.000 .'',000 90,000 6t-0.000 604.000 93.000 Jan. 21 49.000 1,700 400 45,000 7,000 75,000 6 1 8.000 5P1.000 70.000 bC.OOO 86,000, 259.000] 233.000 227.000 2.'\3.000 — ) . THE CHRONICLE. 148 The tone of the Liverpool market for spots and futures eaob day of the week ending Jan. 18 and the daily closing prices of spot ootton, have been as follows. Bat'day. Spot. Market, 1:45 p M Blld. Upl'dB s&les Spec. Quiet. 51732 Uonday Tuesday. Wed'day. Tkurtd'y Friday Basier. Quiet Moderate Harden'K. demand. Easier. 51632 57i8 6,000 8,000 7,000 10,000 8.000 8,000 300 500 300 500 500 500 <!teexp, 5ifl 5ifl 5163a Futuret. Market. .1:45 P. M. Market, 4 P.M. } ( I Barely Quiet at Steady at steady at 2-64 a 3-64 2-64 de1-64 dec decline. cline. Quiet. Easy. Weak. Steady advance. Quiet at partially 1-64 dec. Steady. Quiet. 1-64 Quiet. Firm. at @ 2-64 \ for eaoh day are given Prices are on the basis of Uplands, Low Middling clause, unless otherwise stated. The prices are given in penet and 6Uhs. thus . 4 63 means The prioes of futures at Liverpool oelow. B^ ' 4 63-64d.. and 5 01 means 5 l-64d. Sat. Jan. 12. inoii. Tnes. J^an. 14. Jan. 15. Wed. Tbnrs. FPl. Jan. 17 Jan. 16 Jan. 18. 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4 P.M. P.M.IF.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. Jaruary ... Jan.-Feb Feb. Mch... Moh.-A-pm.. April- May May-Jnne. Jnne-Jnly. . July Aug.... 12ifl 1 d. d. d. d. 5 26 5 27 5 24 5 23 5 24 5 25 5 22 521 5 21 5 22 5 20 5 18 .5 19 5 20 5 17 5 16 5 18 .5 18 5 15 5 14 5 15 5 16 5 13 5 12 5 13 5 13 5 11 i09 5 09 5 IC iOS 507 4 60 4 61 4 59,4 57 d. 5 23 5 21 5 19 5 16 5 14 5 12 5 09 5 07 d. d. d. d. d. 5 20 5 21 5 24 5 24 5 21 5 18 5 19 5 22 5 22 5 19 5 14 5 16 61^ 5 19 51-! 5 13 5 14 5 17 5 17 5 15 5 11 5 12 5 15 5 15 5 13 5 09 5 10 5 13 5 13 511 511 5 09 5 07 5 08 5U4 5 05 5 08 5 08 5 06 4 55 4'57 4 60 4bO 4 53 4 55 4 57 4 60 4 60 4 58 Ml d. d. 24 5 24 5 22 5 22 5 19 5 19 5 17 5 17 5 5 15 515 5 13 5 13 •5 11 5 11 5 08 5 4 58 4 59 4 4ei 161 459457 4 58 4 59 4 Oct Nov... 4 43 4 43|4 40 4 39 4 39 4 38 4 39 4 41 4 4l|4 40 4 42 4 Nov.- Dec. .. 4 32 432I43I 431 4 30 4 2^ 4 30;4 32 4 32'4 30 4 33 4 Ang.-Sept... Sept -Oct... 08 59 59 42 33 BREADSTUFFS. Friday, Jan. 18, 1901. Business in the marlset for wheat flour has dragged and prices bave been easier. Bayers generally have shown an indifferent attitude, a decline in wheat values having a tendency to hold the demand in checli. The sales made have been almost esclusively.of small lots, and they have been at prices showing concessions of 5 to 10 cents from those ruling Rye flour has had only a small sale, and there has last week. bf en an absence of tone to values. The demand for bucliwhtat fljur has been flit, with prices quoted nominally unchanged. Offerings of corn meal have been light and prices have been well maintained. Demand, however, has been quiet. Speculation in wheat for future delivery has continued to lick spirit. The tendency of prices has been downward, showing for the week a moderate decline. Statistical developments at the opening of the week were against the marThe increase in the United States visible snpply was ket. Reflecting large slightly in excess of general expectations. world's shipment, the amount of wheat on passage to Europe increased 1,840.000 bushels. European cable advices were decidedly disappointing, tkiey reporting decMning markets. Added to these developments was the apparent iodifference shown by the supposedly Wall As prices weakened, selling by Street bull interest. buyers liquidate their recent to accounts became general. Stop loss orders were reached and their execution in a market with practically no support other than the de mand coming from shorts to cover contracts added to the depression. Advices received from Argentine have been of a bullish character, iadicating tliat harvesting returns were disappointing. At the lower prices exporters came into the market as buyers, makiag large purchases daring the latter part of the week. These developments, however, failed to check the liquidation for the ace junt of tired holders. Today the market was easier under continued liquidation by longs. The spot market was moderately active. The sales for export here and at outports were 332,000 bushels, DAILT CLOSING PBICE8 OF NO. 2 BED WINTBB IN YORK. Sat. Mon. Tues. Wed. Thurs. Fri. 8iie 8158 7958 81% 79 Oash wheat t. o. b 7S>4 8138 7H38 81 79 March delivery in elev.. 8138 79 \ NEW May Jaly rlellverv in elev delivery In elev 82 DAILY CL08IN0 PRICKS OF Sat. Jan. delivery In elev Feb. delivery In elev May delivery in elev 74''8 81'8 8138 80"'e 8058 7958 Sl^S NO. 2 SPBUfO IN Tues. Mon. Wed. 74^8 74% 72% 79% 79 14 79ie 78% CHICAOO. 7538 7o^ 74ifl 77'78 7758 77 73 Thurt. 7238 7212 [Vol. LXJII, the market again turned stronger, recovering all of the previous day's less. Shorts bought to cover contracts. To-day there was a firmer market on moderate buying and only scattered selling. Business in the spot market has been fair Sales for export reported at the were 100,000 bushels. DAILT 0LO8INO PRIOES OF NO. 2 MIXED CORN IN NK'W YORK. Fri. Wed. Thurs. Tues. Sat. Mon. Oaeh com t. 0. b 46«8 46% 47 4688 47>4 46% Jan. delivery In elev 46>« 47 46ie 46 46 46 411« May delivery In elev 44 4358 44 44 44 July delivery In elev 44ifl 43''8 4438 44ifi 43% 441s DAILT OLOSINO PRIOBS OF NO 2 MIXED CORN IN CHICAGO. Fri. Wed. Thurs. Tues. Sat. Mon. close Jan. delivery in elev Feb. delivery In elev May deUvery In elev 3658 36% 36ifl 3638 36»9 36'?8 37 37 St^'^s 36''8 38i« 3812 38I4 36% 3816 3858 37^ 38% Oats for future. delivery at the Western market have been There was a gradual sagging of prices in sympathy with the decline in the wheat market, and there also was some seUingjby receivers Thursday, however, there developed a demand from shorts to cover contracts and on this buying the loss in prices was more than recovered. The local spot market has been firm, with a moderate demand and limited offerings. To-day the market was quiet. DAILT OLOSINO PRIOES OF OATS IN TORK. Fri. Wed. Thurs. Sal. Mon. Tues. 30i« 30i« So. 2 mixed In elev SOifi 30ia 3113 30ifl quiet. NE^ Bfo. 32 2 wliite in elev 33 33 33 83 33 DAILT OLOSINO PRIOBS OF NO. 2 MIXED OAT8 IN CHICAOO. Fri, Wed. Thurs. Sat Mon. Tues. Jan. delivery In elev May delivery 2338 2338 FLOUR. Patent, winter.... $3 75 «3 90 $2 20 «2 30 2 30 ®2 40 City mi;il8, patent.. 4 15 «4 75 2 60 «2 60 Ryefloor.enperflne 2 90 93 60 2 30 92 85 Buckwheat floor.. 2 10 '02 15 2 85 93 35 Corn meal— 2 25 •2 35 3 45 94 00 Western, etc 3 90 94 75 Brandywine 2 35 ®2 40 (Wheat floor in eaoke sellB at prices below those for barrela.) ORAIH. Wheat, per bosh.— o. 0. Com, per bosh.— c. 44i4»46% HardDuluth.No.l 87 988% Western mixed N'thern Dol., No.l 85 »96% No. 2 mixed 44% 946% 45i4®47 Red winter, No. 2 771498O Western yellow 45ifi»47i4 Hard N. Y. No. 1. 88i^a'i8i4 Western white Oat«— Mix'd, p. bosh. 30is933 Rye, per bushWhite 64 958i« 32 938 Western No. 2 mixed SOi^asl^ 9 State and Jersey No. 2 white 61 e, 70 32 933 Barley—Western Feeding 48 « 60 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, 12, *nd since Aug. 1, for each of the last three years have been: Fine Superfine Extra, No. 2 Extra, No. 1 caeara Straights Patent, spring . _ ' — 4*l<l»t< «I— Com. Wheat. yioiir. Jtaioaeo 72 7438 75 Daring the first half Indian corn futures have been qaiet of the weak the market held steady. Continued unseasonably mild weather and light country acceptances had a steadying ioflaence, Tae crop movement was fairly full, but the grading WAS p'jor. This latter fact is a parti Jul irly bullish factor in the specu'ative market, restraining aggresWednesday sive operations on the short side of the market. prices made a fractional loss following the decline in the wheat market, and predictions of colder weather also had a weakening inflaence. Thursday, however. Barlti). ;t«. 290,250 727,728 2,5:6,564 2,409,265 18.200 2l?,'250 110,400 515.400 848,660 182.«86 101,700 277.325 4,011 3s,ieo 12.000 iiiwankee :uinth 1,708,000 232,3t<0 34.238 235.H80 foiedo 82.810 75.026 372,393 63,679 Jatrolt 6.000 30.597 123,577 60.00 J 40.716 32,842 34J,369 302,212 628.715 137,806 238,835 27,000 5,3.0 549,500 714,000 ice.ooo 268.600 41.400 i.lnneapolli. 'laveland it. Lonia ... .... 'eorla (aniai City. rot.wk.l901 me wk. 00 >ama wk.'09 404 984 330,4^7 244,659 'a linceAus. 34,400 28,600 14.778 9,220 5,960 ... 5.250 26,500 31.100 2.S00 .... 3845.89S 6,3«4,86e 3,598.593 971,824 8.127.230 4,594.72b 2.fl8rt,8il 1,035.609 100.908 123.881 4.e3 7.869 6,716,019 2t33.44 4 617,430 2^4,338 1. 190C-1901. ... 1899-1900. 1H9^.189P. ... 187.253 140 lfl9,5lS 100,7C4,310 84,'95,253 K451.82S 129.30^,970 106.917,698 88.305,.iS8 J». 8.221 5t51 88,r00,105 183.877,2P2 l06.54S,82f 29,852,810 2.908,880 25,f9i,786 8.770.438 36,756 002 7.08S.478 The receipts of flour and grain at the seaboard ports week ended Jan. 12, 1901, follow the F.our iiuti9t* at— lew Orieani* ««wportNew« 81325 aottoc liontreai Pbiladelphla Saltimore ilohmond "irtland. 231.400 Corn. hush. 808 700 'll8,T^H 625.(>88 11.910 61,«80 19 ,.370 B.781 625,584 1,359,633 t'lieoi. I'Uth. t>b(« 120.833 61.119 5,200 79.888 94,534 2,sa5 9.015 Norfolk tairatton for : lew York a57,O'.)0 40,000 800 • Uofs, bu$h. jmniy 4.16,400 15K,3fl6 19S,£?5 7.126 8.700 61,919 2.400 buth. b d 2,:<00 18rt,w3H . 6.300 ""760 15 247 26 424 29 ',00 340,000 63,l'4* 962.175 234,H99 7,143 Mo 562,700 lej.lOi 1.805 8,420 Peasaoola 49,27J 471,587 338.994 . 8,470 . 1,5C0 863 Tota' week 21,069 > > • 8.412 Mobile 71"»e 7513 Oat$. Sbl»,196i!)« Buth.eoihi auih.bOlbf Bttih.Silbt Buth.ieibi au.eoifcr (t.iohn,N.B Fri. 23B8 23% 231* 233e 25i6 24''8 251* 24% 25 Rye has been quiet but steady. Rarley has been firm but quiet at unchanged prices. Following are the closing quotations: 25 in elev 16,753 "48.430 4.932,631 1 561,390 248,912 79,147 1,«61070 3.071. 10» 1.886 719 341,S8J 66,627 iDOlade vr^iD vai»>iiu throai?h «w Oriaani for fo'^alc" ^e«k ItOO 1,73 ),646 Kuoeipti do not on thronuh hf'Uo"n{ila.' • • inn Total receipts at ports follows for four years: utiwtteToar Vheat.. 3)rB .... jatt Jarlej.. »y« from Jan. 1901. .bbli. 8e0.813 .bnik. 3,974.266 " 10.148.555 " 2,e83.1>'4 1 to Jan. 13 1900. 619,568 compare 1899. 1.160,703 1898. 76i.7d3 8,004.568 7,643,06S 6.686.049 867,784 2.437,687 7,494 970 . 5,8^.S..^88 7.11:9,470 , 2,562,514 , " , " Total KralE.... as 415,70* 108,180 65.'i,40:J 101,1)17 2,5S0,«88 409,3b6 672,021 17,335,859 11.558.362 1?,139.536 707 959 17,309.370 W — ! January THE CHRONICLE. 19, 1901.] The exports from the several seaboard ports for the week ending Jan. 12, 1901, are shown in the annexed statement: Oaf liy*, Flour, Peai, Barlti, Corn, Wheat. Maporti from— buth. HtwYork.... 2B7,278 »;^^ oj Boston Portland, Me. Philadelphia.. Baltimore New Orleant.. Norfolk Newp'rt Newi Galveston Mobile Pensaoola at. bua/>. bbli. 882,155 30f,0S5 62,81« 17.015 1.806 10<,1U2 4riP,801 l^H,i CO 23u,00u 1.7 4,316 953 10^ 281,976 4n.oro buth. hutb. 65,067 '"8-,470 32,258 21,069 84,285 .... 16,ZV5 84.6';7 97 8,226 49,H04 23.102 7.1»3 81.»25 6.828 19M98 284.»»9 578,90IJ buth. buth. 20,042 3TO,169 48.279 .... 199,< 8,112 8.4Z6 • Total week 2,020,457 4,'-63.ee5 aanifl time 00 l,3flb 705 3.76ii 533 94?,«65 841,686 10tl,400 I'jS.OUa 30tJ.2'j2 75,798 destination of these exports for the September 1, 19C0, is as below: Mxportt for and linei Jan. tuiek 8«Dt. 1 to— Siner 8tit. Wei>< Wtth bii,. Sttt tu»\. Onlted E.DKdom 2»2,fl76 4,337.H10 Oontloenu S.M C. America. 7'a9,848 836,8"<5 3a7.i-.;6 8,u:6 West Indies Br.N.Am Colo's 84,^56 17,179 ie,198 600 Other ooantrles 679 22,086,8P0 32; 212 3^,251 Oi -n, . Wtth 90 198,274 1.138 840 fl,r00,300 2,020,467 83,7.S0,5n6 4,8fl3.«65 5,876.046 1.31-6.706 89,349.151 8,762,633 " Wheat, Do buth. 7,873.nofi l,2H9.uofi 492,000 8v2.000 830.00C Orieanit Galveston Montreal Toronto 86,416.453 ^<7t.7llU 309 7)6 111.934 440.705 72.9 l.S lS.j 78,832.421 98,000 71.000 3,285,000 1,014.000 610.U0U afloat Toledo Do Barlev but840.000 .S33.000 6S4.00f; 65».0b'(l 225.000 217,000 1,133,000 1 8^,000 3.000 157,j ^ 88.U0b 18.000 IS.OUU 48,00! 9,000 '71,000 is.'ooo 110,000 1.183,0 C 16^,000 1,494,060 663,uu<, Detroit Do 502.000 294,000 U,741.00C 2,837.""'" 'ia.ooi ... {O.OCO 40S,u V 1,185.000 42,00*6 28,000 afloat Do afloat UUwaokee afloat Do 1,010,000 rt.Will'intPt,Anhnr 1.BC8.000 6.608,000 Dulnth DO afloat 17.184,00'> Mlnneapolts — 6,110.000 afloat Kansas Cltr Peoria.. Indianapolis On Mississippi Blver OnLakes On oanal and river. 618 00(1 258,'OOC 4bO,uOu 4.000 38,0t0 703,000 278.000 148,' 00 68 0(1 .... at Lonls Do 2,812,000 .. 1,430.000 9.000 243,000 102,000 896,000 2,038,000 23,000 lOOOl * SB.oni 16,000 77.000 6.000 2,000 80,000 10,000 687.000 29,000 10.630.000 10 420,000 12 884.000 23,362,000 41.134.000 0,212,000 l.?49.000 I.Z68.0OO 1,250.000 i,eso 000 4,161,000 2.230.00C 2.4«3U(:0 .... Jan. 12, 19C1'. 61,846,000 Jan. 5, 1W01». 61 ''61,000 .'an. 18 IWOt. 6663<.000 Jau 14. 1889+. 27,736 0(0 Jan. 16. 1898*. 87.848.000 P.H.SM 000 6,013,000 6,736.000 15,C63.000 2,0 (2 00( 3 796,000 3.6S2.00C i New Orleans, last week's stocks: this week's not received. t IncludeB suicbb id private eie^'ators at Milwaukee. •Stocks In private elevators at Milwaukee not included Note.— BeKiuniut; July 1. 1899, the New York Produce Exchange has chanee< Its Visible Supply Statement by inclu ling stocks at New Orleans, Galveston, Ft. William and Pt. Arthur (previously omitted) and leaving out Albany Oswego and 633 48 49 20,565 643 3,758 3,758 31 44 3,970 ""67 448 1,143 flentral America............ 39 2*5 54 573 Honth America............. ntherOonntrlea.. .......... 4,266 325 450 55 48 267 205 277 51 988 186 £07 904 277 ~2,340 6,767 9,632 23.275 ........ ...........< . ' , S.'^O of the New Tork exports for the vear to date been |242,720 in 1901, against $1,037.2.59 in 1900. Shipments of heavy cotton goods to China out of old purchases continue, and it is expected that the entire quantity will be moved within the next few weeks. Tnere is no new demand from China, and home trade continues indifferent, with buyers showing little attention to other than spot goods. These are obtainable at irregular and somewhat There is no change in foreasier prices than a week ^go. ward contracte. Dacks are quiet and unaltered. Purchases of bleached cottons are confined to limited quantities, but at the close of the week there is more inquiry than of late. Prices of medium ^nd fine grades steady low grades in favor of tuyers. The market for coarse, coloied cottons is Denims, ticks, plaids, Cheviot?, etc. are all in unaltered. quiet demand, with sellers adhering to former prices. Wide sheetings move slowly, and in cotton flannels and blankets business is light pending the opening of the new season. While there has been more doing than of late in fancy Staple calicoes are in steady calicoes, sales are still limited. request at previous prices. Printed wash fabrics in fair The value hf s reorder demand. Staple and dress style gingams quietly steady. Woven patterned fancy dress goods slow. Print cloths are steady at Fall River at 3i^c. for regulars, with Outside markets have sold regulars at sales as noted above. 3 l-16c. Odd goods have been quiet throughout at previous Foreign Dry Goods.— In the dress-goods division the market continues quiet and irregular in pi ices, with the advantage in favor of buyers. Silks are steady, with rather more doing. Ribbons in moderate request. Linens steady; sales moderate. Burlaps very firm and against buyers. Importations and ^IV^areliouse W^ltbdrawala of Dry Gooda Theimportationsand warehouse withdrawals of drj gocdB at this port for the week ending Jan. 17, 1901, anu since January 1, 1901, and for the corresponding periods of laat year are as follows: 5 THE DRY GOODS TRADE. o m York. Friday, P. M., Jan. 18, 1931. been There has some improvement in the volume of genhas come up to the expectations of sellers. A fuller development of buying by this time was but in keeping with precedent, and in view of the conditions reported throiit^hout the country generally, it is not easy to explain the fclaw and an unusually mild winter so far has prooably had a widespread effect upon the general demand; but. making due allowances for these factors, there is still somt thing to be accounted for. Stocks are accumulating iu some directions and theie is talk of short time in both cotton spinning and veavicg itdnstiies. The most notstble feature ban beea the purchase of 150,000 pieces of print cloths at Fall River at the close cf the week at the full price of SigC. per yard— the first transaction of volume in these gocds sioce last September, I • "to c 3 » Si b; e • • • 3 • ; • •< Siii! ? • ' 1 t 1 li . I ' ' f • • < • • o f* • ' O » 9 g; I WMp. tOH' oi a WW » <yi o o 358 180 05 wbosob 15 1*» 2 15,999 10,043 17,619 .7 <IWC7>!C« I -" woo •bto >-'>o.qXt» to i-> O -'OhSOO ^o(Z)Oco^^ , o<i -Ota*'® I at w M w CrO OaO o 00 -4 oa>ao»o to ai«J v>. wxio^'ik «kX — C W 00 WiT -ji 3D •-- CX <l O tec CD... OS I ' M w e:M«k.^»o ^ C - 40 c « w M W W tl 05 toxa«M M cow 0« t^l» I X to £^ eectsaw* tcio U3) 03 QO f n to MMM M I ' t3a< »jac I < • gli 5! 0-4 X •^ X IQ • -jI acD»os — tOOOO-JW a 1? n s I ao^^ I ao:;i ! co^wc;<eo o i O wp.05_33 — Oto'— Vi MOXM o CD I '*• 05 J-" COM i ^ ifco; 35 OS ^ Oi — »4 I C: t3 «J <I_W <». ttKO Ofk CEO aoaao fCi- to *> -1 CC c;- C s § f ! e IC CO-Oi tox 00 M-^H-tO Xw A« O - S) X J« !0 C3 00"-® »- -J w CJiOO to o— o osifr r 1^ 1-VXl.i.-. I »- to to d^ 05 c*. a> i I xato ow ODi» O wo» -ji ^ »^ I <c to "Ji M iC' *. '*»"w ^ a X I i ocowa"-" I yi lo-cot^to ..a * Ol O -> <KCO -to J' oVi o VI »3 to I week's business in woolen and worsted fabrics has been confined mainly torew lines of heavy overcoatings and clcakicgs for next fall, the market for which, with the addition of a number of new lices put out, may now be regarded as fairly open. The prices nwrned this week have not shown any material change from those already established. The business done has been irregular, and in the aegreyate much less than a year 8go, with cloaking materials doing relatively better than overcoatings. The fall situation in wcolen and worsted suitings is still indeti nite, and as the most important lints are not likely to be opened bti'ore February, little of moment is looked for before then. In dress goods heavy skirtitg materials have sold fairly; otherwise business has been quiet. There has been ^» . progress of business in the textiles divisions. A materially weaker market for the raw material recently may hav-i hati some influence overtuyers, particnlarlj' for forward position?, even though that has not brought cotton do wn to a normal paiity with the selling cost of cotton gocds in m"st directions, o » ' 1 eral business in dry goods during the week, but it is doubtful if it h^o^t 2' New no change in flannels or in blankets. 271 Africa WeHt Indies Mexico Cincinnati, formerly included. Woolen Goods.— This 90 26 271 43 21 1. prices. ' 277,066 280."nn 64,000 OrAAt Britain ... Other EarODean............ China ... [udla Arabia Since Jan. ; afloat OkloaKO Total Total Tjtal Total Total Uve, 16, 100 1,10<!,000 Buffalo Do Oati, buth. 250.000 bwh. 557.000 1900. 1 to Jan. 14 Total 42.000 afloat Boston PhlladelphU Baltimore New Corn, : t« The visible supply of grain, comprising the stocks in granary at the principal points of accnmnlation at lake and seaboard ports, Jan. 12, 1901, was as follows: In itore at— Maw York below 1901. Nkw York 1900. r, ?,W4 991 ?6.277.6B7 lH,2i2 28.900 16,404 points specified in the tables Hinrt, at\t. 11,480,0' 8 2.016 484 441,347 4H.946 74,226 102.869 4 1 ,«0S Jan. 12 u»h 1900, I ].129,f97 ~341,6«5 Total Total 1899-1.00. 306.202 . 9f4n«« Jan. 12 uutu 1.1900. 18. bbu Wl\ (St. . 6,753 'l week and since The Pour. " "i%i86 863 — D0ME8T10 Cotton Q-oods. The exports of cotton goods from this port for the week ending Jan. 14 were 2 340 packages, valued at |144,374, their destination being to the Week. Since Jan. 1 340,000 John.N.B 149 ifr [^ I? 3 X — c <» tf 7 «> CO H- atc a"-* C." <» x*: t; w >s 0__;^;->«o_M4 ^ tc o: t; a a S lb V o^a*fc y> — exwtol^ - a> 'ac"o"c''"^05 -f" • 1 C:t3»4~JtO I OOH- X to:;< O » lb to Osb-rCQO — Xy to oj >4 Vi30 4> tS *^ Is^ •-^ « >) "tc'"-" i \ I 1 CO CO OJO X, I *>. <^ X - w w « to '<-• tax wai__'i I-" I 1 I i MW Cib I to*o".^b(o X CJi — -'WCCC^tO I !-• a _>-• 05 ex 0;u< '. I — C5"icO o^i^^'o <Q . * . - * X — t^ V t: t: to r-tc bi -. a a>* w lew 00 a to 1 to lb' CO I " I W^tO-J.J' I towto^ic ; OtOj^_C_*» it'ta* t3-4 CO CC I , I '^"..« j l-w'b-JO b w r oo I — ck^ a M '^— ^ Oxtc*» 2! #»• Wa ' I I K3fj — ^O a s —— — —— — —— — THE CHRONICLE. 150 iTi^TE AH® City iDsf^BTWEiiT, TERMS OF SUBSCRIPTION. The Investors' Supplement ftcira will be famished without charge to every annual subscriber of the Commercial AND Financial Chronicle. The State and City Supplement Chronicle. The Quotation Supplement, issued monthly, will also be f araish^d without extra charge to every subscriber of the Chronicle. TERMS for the Chronicle with the four Supplements above named are Ten Dollars per year within the United Statei and Thirteen Dollars in Earope, which in both cases iacludes postage. Terms of Advertising— (Per Inch Space.) Translentmatter (eachtime)$4 20 Three Months (13tlme8).$2900 Six Months STANDING BUSINESS CARDS. (26 times). 50 00 $22 00 TwelveMonth8(52 times). 8700 Two Months (8 times) — Austin, Texas. Bond Litigation, The following dispatch from Austin dated Dec. 31, 1900, is taken from the St. Louis " Globe- Democrat :" George H. Cliurch of New York City, one of the holders of Austin City water ^nd lifznt bonns, to-day tied suit in the Federal Court here for iuterest on sua coupons, wh cli was payable July 1. The city has taken no steps looking to the payment of the principal or interest on the i,400,OiiO of water aid light bonds that are outstanding, and other suits will be filed for the collection of the amounts due them by the bondholders. —The Supreme Court has declared valid the $99,000 30 year gold improvement bonds sold Nov. 19 to the Commercial Investment Co. H Multnomah County, Oregon. — Warrant Calf. — Thomas Scott Brooke, County Treasurer, has called for payment county warrants. Class " 36," drawn npon the general fund that were presented and indorsed "Not paid for want of funds" from Feb. 2, 1900, to March 1, 1900, both r^ates u elusive. Salt Lake City, Utah.— Bonrt Ca7.— Richard P. Morris, City Treasurer, has called for payment Feb. 1, 1901. at his office, bonds of this city. Series No. 2, dated Jan. 1, 1891, and subject to call after Jan. 1, 1901. will also be furnished without extracharge to every subscriber of the Chroncile. The Street Railway Supplement will likewise be furnished without extra charge to every subscriber of the Dalnth, M.iua.— Bonds Valid. [Vol. LXXII. of Daluth, thus sustaining the decision of the lower courts. See Chronicle Dec. 8 and Nov. 24. 1900. Medicine Lodge, Kan. Bond L,itigation.—Ma.ndsirQVis proceedings have been instituted to compel the levying of a tax for the payment of $3,700 interest on water bonds issued Bond Proposals and Negotiations week have been as follows this : Allegheny, Pa. Bonds Authorized. nances authorizing bonds have been —The following ordipassed by the City Cuuncils: No. 146—117,988 i% 5-year Old Franklin road bonds, iu denomination of $1( and dated Jan. 1, 1901. No. 148— t336,0u0 Sl^% 30- year street-improvement bonds, in denomination of $l,<iOu and dated April 1, i90i. No. 149— ISO.O'io 3H» 30-year sewer bonds, in denomination of $1,000 and dated April 1. 1901. No. 150 - $430,000 85^^ SO-year water bonds, in denomination of $1,000 and dated April 1. 1901. No. 151— $100,<iOO 3\4% 30-year electric-light bonds, in denomination of $1,000 and dated April 1, 1901. No. 15.i— $l.ut>,O0O3>v% SO-year city- home bonds, in denomination of $1,000 and dated April i, 1901. No. iDH— *8'?.0 3)^5f 30-year public-safety bonds, in denomination of $1,000 aLd dated April 1, IbOl. Interest on all the above bonds will be payable semiannnally at the office of the City Comptroller. Bond Election.— At the spring eleciion (Feb. 19, 1901,) the question of issuing $229,000 Brighton road-improvement borids will be voted upon. Allegheny (Pa.) Third Ward School District —Bond Sale.—Oa Jan. 11 the $100 000 S^^^ bords were awarded to W. J. Hayes & Sons, Cleveland, at 105 762, an interest basis of about 319^. Following are the bids: W. J. Hayes & Sons, Cleve.. $106,768 50 Farson, Leach & Co., N. Y.. 116,0(5 nO 104,84 1 N. W. Harris & Co., N. Y Lamprecht Bros. Co., Cleve. 104,830 00 . . . . ' I | | Denison. Prior & Co., Cleve.$104,631 00 Seasongood & Maver. Cin... I(i4.375 00 Dick Bros. & Co., Phila. 104,800 00 | Securities are in denomination of $1,000. Interest will be payable semi-annually. Principal will mature $25,000 yearly from 1928 to 1931 iuclnsive. Allenhurst, y. 3. —Bond Sale. -Oa, Jan. 11 $63,000 4%% 30year gold improvement bonds were awarded to E. C. Jones Co., New York City, at 106875, an interest basis of abou t 4"10^. Securities are in denomination of $500, dated Jan. 11, Interest will be payable semi-annually. 1901. Ashland County, Wis.— Bonds to be Issued. The County Board has decided to issue $25,000 bonds in exchange for part of the $75,000 railroad bonds which will mature in July, 1901. The remaining bonds will be paid off from funds on hand for that purpose. & — Tne city officials claim, according to local ago. papers, that ihey are unable to pay the amount, and that it is not possible to secure the money by a special tax levy. Missouri.— Change in Fiscal 4gen<s.— Notice has been given that the fiscal agency ot the State has been changed from the American Exchange National Bank of New York Ashley (Ohio) Special School District.— Bond Offering.— City to the Merchants-Laclede National Bank of St. Louis. Proposals will be received until 12 M., Feb. 1, 190', by the On and after Feb. 5, lUOl, bonds and coupons of the State Board of Education, M. E Seeds, Clerk, for $8,000 &% 1-10will be paid at the last- named bank. year (serial) bonds. Securities arfe in denomination of $300, Tipton (Cal.) Irrigation District.— Superior Court De- dated May 1, 1901. Interest will be payable semi annually The Superior Court has rendered a decision in the cision. Attleborough, Mass. Bonds Proposed. This place seeks case brought by Charles Boscovitz, a taxpayer, to restrain legislative authority to issue $1(10,000 water bonds. the tax collector from selling certain lands for delinquent Bay City, Mich. Bond 0_ffertng.— Proposals will be reassessments levied in 1898 to pay interest due on bonds to the ceived until 3 P. M. February 4, by George F. Ambrose, par value of $50,000. The Court held that the bonds and City Comptroller, for $20,OtO 4% refunding water bonds. interest must be paid, Securities are dated March 1, 1901. Interest will be payable Yirginia Debt. Status. The committee headed by Brown annually at the National Bank of Commerce, New York certified Bros. Co., having in hand a settlement of the Virginia de- City. Principal will mature March 1, 1931. ferred debt, stated this week that they have seoored nearly check for |500, payable to the City Treasurer, will be rethe two-thirds of the outstanding certificates which the quired. Purchaser will be required to pay accrued interest legislative Act passed last March requires them to have in and also to furnish lithographed bonds free of charge. order to proceed under the authority of the Stata of Virginia Benton County, Ind.— Bond Q^ertnp. — Prrprsals will be in bringing about a settlement with West Virginia, Brown received until 2 P. M,, February 25, by J, D, Smyth, County Bros. & Co. certificates representing Virginia deferred cer- Auditor, for $5,000 Q% bonds, for the completion of the poor tificates of 1871 are listed on the New York Stock Exchange. asylum and insane department of the County Farm. SecuThe statement made to the Exchange at the time of the listing rities are in denomination of $1,000, dated Feb. 25, i901. Inmay be found in the Chronicle ot Jane 16, 1900, page 1202. terest will be payable eemi-annuylly and the principal will mature Feb. 25, 1906. A certified check for $150 will be required with bids. Beverly, Mass.— Loaji .4M^/!0nzed.— The City Treasurer Calls has been authorized to borrow $225,000 in anticipation of the some years — — , — & Bond A and Redemptions. Blnffc, Iowa.— Sond Call—F. T. True, City Treasurer, has called for payment at the National Park Bank, York City, the following bends : f 9,000 E-20-year (optional) bonds, Nos. 1 to 18, inclusive, issued August l,18i-3, Council New In denomination of $500. Interest will cease Feb. 1, 1901. 1,000 city-impVovement bonds for intersection sewers. Nos. lOl and 105, each »o<'(p, dated Keb. 7, 1«SW. Interest will cease Feb. 7, 1«. 1. 8,500 city-improvement bonds for intersection paving, Nos. 170 to 177, Inclusive, each $500, dated July lb, 1888. Interest will cease Jan. l«, 1901. 8,005 ciiy- improvement bonds for intersection paving. Nos. 188 to 19.3, inclusive, eacb J600, dated Aug. 13, 1888. Interest will be paid Feb. 13, 1901. 500 city-improvement bond for intersection paving, No. 169, dated Feb. 18;t?. Interest will be paid Feb. 6, 19 j1. 6, Hatchinsun, Kan. Bond Call, — This city has called for payment Feb. 1, 19J1, QX bonds Nos. 1 to 25, inclusive, in denomicationof $1,000, issued in August, 1887, in aid of the Chicago Kansas & Nebraska Railway, Indiana. Bond Call The fetate Board of Finance has called for payment $2UO,000 3% bonds now subject to call. Laclede County, Mo. Bond Call.—C. E. Windsor, County Treasurer, has called for payment February 1 at the Third — St. Louis, funding bonds Nos. 6S to 71, inSecurities are in denomination of $1,000, dated National Bank, clusive. June 8, 1888. collection of taxes. Braddock, Pa.— Bond Election.— At the spring election February 19 the question cf issuing bonds to retire $48,242 85 outstanding warrants will be submitted to a vote of the people; also the question of issuing $1,000 bonds for sewer extensions and $7,500 bonds for street improvements. Brockton, Mass.— Z-oan Authorized, -The City Treasurer has been authorized to borrow $300,000 in anticipation of the collection of taxes. Buena Vista, Gta.—Bond Sale,— This town has sold to Shipp Shepherd, of Americus, $5,000 &% bonds at 103. Securities are in denomination cf $50, and will mature $1,500 in ten years, $1,500 in twenty years and $2,000 in thirty years. Carnegie, Pa.- Bond Sale,— Oa Jan. 10 the $20,000 4%% sewer and $10,000 4}^ street-improvement bonds were Bryden, at 116 "476, an interest awarded to Darr, Moore basis of about 3 543^. Following are the bids: & & $33.7POO0 W.R. Todd & Co.. Cincin ReasongdOd & Maver, Cin.... 33.746 00 Farson, Leach & Co.. Chic.. 33,333 33 33.17176 Kobens W. feder, Holzman Ik Co.. Cin... 38,925 00 P. 8. Briegs & Co., Cincinnati. 3i,bQ0 00 Denison. Prior & For full description of bonds see Chronicle Dec. 29, p. 1338. Darr, Moore & Bryden 00 00 40 OJ 34. loo 00 Co.. Cleve.. 83,850 00 Dick Bros. & Co., Phila'phia, C. II. Williams & Co., Pitts... Jas. Carothers & Co., Mtts... Lamprecht Bros. Co., Cleve.. $34 ,043 31,803 31,760 34,590 1 . — — ) Januaby ————— — - . . THE CHRONICLE 19, 1901.J 151 Catskill (Town), Greene County. N. Y.—Bond Sale.— Dec. 27 this town eold an issue of $16,500 4^ bonds to the Catekill Savings Bank, as follows: Loan Authorized. — The Council has authorized the City Treasurer to borrow $350,000 in anticipation of the collec- 101-05 12,000 due 1907 lOrSO »2,000 due 1910 due 190( 102 8-> 102-06 2.000 due 19' 8 2,000 due 1911.... l(i:i-8.i 101 66 due 1905 102-26 2,00OduelH09 lOl'dO 500 due 1906 due 1912 lOa-65 Securities are in denomination of $500, dated Jan. 1, 1901. Interest will be payable annually at the office of the County Frankfort, Ind. Bonds Authorized, The City Council has authorized the issuance of $25,000 4% 10-year bonds. At an election held Garrison, Iowa.— jSonds Defeated •January 7 the proposition to issue $3,800 water-supply bonds On $2,C00 2,000 2.000 Treaaurer. Charlevoix, Mich. Bond O^erinflr.— Proposals will be Jan. 22, by H. S. Harsha. Town received until 10 a. M Clerk, for |20,000 'k]4% 20-year Pine River Bridge bonds. Securities are in denomination of $1,000, dated Jan. 22,1901. Interest will be payable eemi-annually, Cincinnati, Ohio.— Bcmd Sale.— On Jan. 10 the highest bid for the $150,000 S}4% 10-20 year (optional) improvement bonds was that of the Atlas National Bank and the Western German Bank of Cincinnati at 104'38, an interest basis of about 3^ if bonds are redeemed at their optional date, and 3'20^ if allowed to ran their full time. Following are the tion of taxep. — — was defeated. Geneva, Ohio.— Bond Sale —On January 15 the $75,000 ii wa'er works- improvement bonds were awarded to N. W. . Harris & Co., Chi-ago, at 108 508. Following are the bids : Denlson. Prior & C».. Clere. .$79.'32 60 W. K.Todd 4Co..Clnoinnatl. :9.5h2 60 Geneva Sav. B'k Co. .Geneva. 7a.360 00 80.75100 Feder. UolzmaniCo.. Clncin. 78,676 00 W. Harris & Co.. Chicago. $81,381 00 Seasongood & Mayer, Clncin. »1,084 60 Lamprecdt Bros. Co.. Cleve.. 8 .812 50 N. & Co., Clncin. . Ist Nat. B'k. Columbus.. b0.25< 50 W.J. Haves & Sons. Cleve.... 80.127 00 79,906 79 P. S. Briggs & Co.. Clncin R. Kleybolte New Hooker, Nickcrson Hartford & Co., T8.210 00 For description of bonds see Chronicle Dec. 29, p. 1323. Glen Rock, Pa. Bond Election.— The election to vote on the question of issuing the $18,000 310 water bonds will be held on Feb. 19, 1901. These bonds, if authorized, will bids: mature $6, COO in ten, fifteen and twenty yeirs. Atlas Nat. Back 8- Kuhn & Sons. Cincinnati... .$156,100 lr>iTi/.ir, «isn rto Western German B'k '^"''""•^^''•"'' SeasonKOod & " Mayer ^''*'^'°" iKROKft f,,„„,„ Gloucester, Mass.— Loan Authorized.— The Council has 166,860 K. Kleybolte & Co., Cincinnati. 156.325 Uermaa Nat. Bank J authorized a temporary loan to the amount of $300,000. Bonds are dated Dec. 1, 1900. For further description see Gloversville, N. Y.—Bond Sale.—Oa Jan. 17 the $14,000 Chronicle Dec. 22, p. 1281. 4:1^% local-improvement and $4,500 4^6 voting-machine bonds Cleveland (Ohio) School District.— Bicfs.- -Following are were awarded to Isaac W. Sherrill, Ponghkeepsie, at 102'75 the bids recc^ived Jan. 10 for the $150,000 4% 20- year schoolFor description of bonds tee 101-70, respectively. and building bonds: Chronicle Dec. 29, p. 1323. Seasoneood & Mayer, Tin... $165, 862 00 W. R.Todd & Co., Clncin... $166,465 50 Grant County, Ind. Bond Election. An election will be Lamprecbt Bros. Co.. Cleve. 166.705 00 N. W. Harris St Co.. Chicago. lH5,4i!0 00 ' ' 5 * .. — & Co.,Cleve. 166,555 60 W. J. Hayes & Sons, Cleve. 163,500 00 held March I to vote on the propofcition to aid the Cincinnati As stated last week, bonds were awarded to Seasongood & Richmond & Muncie Railroad to the amount of $100,000. Mayer, Cincinnati, at 110-56. Hanford. Kings County, Cal.— Bond Sale. On January 14 Clinton, Mass. Bonds Proposed. At a special town the $31,250 6^ 1-25-year (serial) gold sewer bonds were meeting held Jan. 12 the Water Commissioners were author- awarded to Duke M. Farson, Chicago, at 113*72— an interest ized to geek legislative authority to issue $90,000 bonds to basis of about 4 187^. For description of bonds see Chrontake up an issue of water bonds which will mature Oct. 1, icle Dec. 15, p. 1233. 1901. Hinckley, 111. Bond Sale. This village has sold an iesne Coles County, III.— Bonds Defeated.— At the election held of $5,500 5% water bonds to Mason, Lewis & Co., Chicago, at January 15 the proposition to issue $160,000 court-house 105 31. Securities are in denomination of $500, dated Jan. 1, bonds was defeated. Interest will be payable annually at the office of the 1901. College Hill, Onlo.— Bond Sale.—Oa January 14 the §10,- Village Treasurer. Principal will mature one bond yearly 000 3}^^ 30-year judgment bonds were awarded to Season- on November 1 from 1904 to 1914, inclusive. good & Mayer. Cincinnati, at 103'06, an interest basis of Jacksonville, Ore.— BoTid Safe.— On January 3 $1,000 5^ about 3 338^. Following are vhe bids: refunding bonds, maturing one bond of $2'i0 yearly on March 103-06 P. S. Briggs & Co., Cincinnati Seasongood & Mayer. Clncin 1 from 1902 to 1906, inclusive, and $4,000 5^ refunding bonds 100-10 German Nat. Bank. Cincinnati... 10^-83 maturing one bond of $500 yearly on March 1 from 1907 to For description of bonds see Chronicle Dec. 8, p. 1184, 1914, inclusive, were both awarded to Peter Brittof JacksonColnmbuH, Ga.—Bond Sale. In the Chronicle December ville at 102 and 103-75 respectively. Securities will carry 1 we stated that the Council had authorized the issuance of interest payable annually on March 1 at the office of the $50,000 3}4% 30-year gold bonds to refund securities that will Town Treasurer. mature in the years IfeOl, 1902, 1903 and 1904. We are now Kearney, N. J. Bond Sale. This town has sold an issue advised that $11,000 of the old bondslmaturtdon Jan. 1, ISOl, of $32,000 4% school house bonds. Securities are dated Feb. 1, and that they have been redeemed. New bonds to the 1901. Interest will be payable semi-annually and the prinamount of $8,000 were issued to the holders of the old ones cipal will mature on February 1 as follows $6,000 in 1911, in exchange, while $3 000 of the old bonds were paid off from 1916 and 1921, $7,000 in 1926 and in 1931. cash on hand. The new bonds are dated Jan. 1, 1901. Kingston, N. Y.— Bonds to be Issued. This city will issne Cravyford County (P. 0. Bncyrus, Ohio,) Special Road $169,000 S^i bonds to take up a like amount of Wallkill District No. I.— Bond Offering.— Proposals will be received Valley 1% bonds which will mature Feb. 1, 1901. until 12 M. February 5 by the County Auditor for $30,000 b% Lafayette (Tov?n and Parish). La.—Bond Og^cnn^r.— E. L. bonds of this district. Securities are in denomination of Stephens, President of the Southwestern Louisiana Indus$1,000. Interest will be pavable semi-annually at the office trial Institute, will receive bids at any time for $14,000 5% of the Couiity Auditor. Principal will mature $15,000 in gold bonds of the town of Lafayette and $32,000 5% gold fourteen years and $15,000 in fifteen years. Gt. H. Feiring is bonds of the Parish of Lafayette, issued by these places in Secretary of the Board of Road Commissioners. aid of the above-named metitute. The interest will be payCumberland, R. l.—Loan Authorized.— The Town Coun- able annually, and the principal will mature Jan. 1, 1911, cil has authorized the Treasurer to borrow $25,000 to pay subject to call one-tenth yearly. The parit-hhas no indebtedmaturing notes. ness at present, and the assessed valuation is $1,962,064. Dalton, Mass.— Bowds fVopo«ed.— This town has petitioned The town debt at present is $29,000 and the assessed valuathe Legislature for authority to issue bonds for a reservoir tion $886,r02. and for the extension of the water system. Lima (Ohio) School District.— Bond Safe.— On January Danville, Ry.— Bond Sale— On Jan. 10 the $25,000 4^S3wer 14 the $15,000 5^ bonds were awarded to Farson, Leach & bonds were awarded to Altheimer & Rawlings and the Co., Chicago, at 110'716. Following are the bids: Mississippi Valley Trust Co., St. Louis, at their joint bid of Farson, Leach & Co.. Chic. ...$16,607 60 W. R. Todd 4 Co.. Clncinnati.$16,500 CO 101-812 and accrued interest, an interest basis of about 3-76^. R Kleybolte & Co.. Clncin... 16,59200 New 1st Nat. B'k Columbus. Ih.297 50 1«,276 iO Lamprecbt Bros. Co.. Cleve. 16,667 50 City Bank of L-ma Following are the bids: W. J. Hayes & Sons. Cleve-.. 16.618 00 Seasouuuod & .Maver. Ciocio. 16.157 90 Altheimer & RawFeder, Holzman & Co.. Clr..*$25.1fl0 00 Feder. Holzman & Co.. Cin.... 16.512 00 S. Kuhn & Son?, Cincinnati.. 1«,137 60 lings St.Lo«i8*|25,453 18 W. R.Todd&Co.,aucinnuti. 26,114 00 Denlson. Prior & Co., Cleve. 16,606 00 First Nat. B'k. Barnesviile.. 15.801 CO MlBS. Val. Tr. Co. :.\ Seasongood* Mayer. Clncin. 26.076 00 R. Kleybolte & Co.. Cindn... 25,312 50 P. S. Bnggs & Co.. Cincin. ..25,010 00 For description of bonds see Chronicle Jan. 5, p. 54. Citizens' & Farmers' Nat. Bk. 26,260 00 Houston, Fible & Co ,K.City.*26.000 00 Lincoln, Neb. Bond Offering. Proposals will be received And accrued interest. until 4 p. M., February 11, by M. I. Aitken, City Treasurer, Bonds maiure $1,000 vearly on January I from 1902 to for 5^ 1-10-year (serial) bonds to be itsued for the re paving 1917, inclusive, and $l,O0O" Jan. 1, 1918. For further descrip- of streets in districts Nos. 6, 7, 10 and 12 and for the paving tion of bonds see Chronicle Dec. 22, p. 1281 of alley in alley district No. 12. The amount of bonds to be Delta County, mch.— Bonds Fofed.— This county has issued will be announced before the date of sale. They voted to i>8ue $20,000 15-year bonds for a new jail. will be dated March 1, 1901. Interest will be payable annuDover, Oti\.— Bonds Proposed.— A bill now before the State ally in New York City. A certified check on a Lincoln Legislature provides for the issuance of $4,000 additional bank will be required. electric-light bonds. Lincoln County, Wis.— Bond Sale Enjoined.— It is stated Ector County, Texas.— Bo«ds ^pprowed.—The Attorney in local papers that an injunction prevented the sale of the General has approved an issue of $1,950 county jail-repair 165,000 courthouse bonds advertised to take place on Jan. 9. Denlson, Prior . — — — I I — — : — . . . — bonds. 1901. El Paso Texas.— Bond Safe.— On January 9 the $75,000 5% 20-40 year (optional) school-building bonds were awarded toN. W. Harris & Co, Chicago, at 111'07. For description of bonds see Chronicle Dec. 15, p. 1232. Fall River, Mass.— L. an Authorized.— The Council has authorized a loan of $650,000 in anticipation of taxes. Fitchbnrg, Mass.— Bond Safe.— We are advised that the $5,000 street construction, 5,000 sidewalk constrnction, $5,000 public buildings and $5,000 sewer bonds, mentioned last week, have been taken by the sinking fund as an investment. Lincoln County (New Mex.) School District No. 28.— Bond Sale.—Oa January 1 §12,000 6<f schojl-bnilding bonds ^ were awarded to the Trowbridge & Niver Co, Chicago, at 100-833. Securities are in denomination of $500, dated Jan. 1901. Interest will be payable semi annually at the oflice of the County Treasurer. Piincipal will mature in thirty 1 years, subject to call after ten years. Logan County, Neb.— Bond Election .-On January 29 an election will be held to vote on the proposition to issue North$22,000 bonds in aid of tho Callaway Loup Valley & em Railway. — — : THE CHRONICLE 162 Ry.— Bonds Authorized.— The Board of Alderhas authorized the issuince of $692,000 B]4% bonda to take up a like amount of 7 per cents which will mature in April, June and July of the present year. Lacas Couuly, Ohio.— Bond Sale.— O a January 10 the $i8,800 bridge bonds were awarded to Radolph Kleybolte & Co., Cincinnati, aV,101-o9 and the $7,614 28 i}4% ditch bonds Following to Seaaongood & Mayer, Cincinnati, at 101 -SS. LoaisTille, men H are the bids: -Premium.' $7,614 28 Bdi. $58,800 Bridoi Bonds. $9.SB0i 859 00 S40 84 788 04 655 lO KudoU>h Kleybolte & Co Cincinnati W.J. Hayes & Sons. Cleveland Seasoncood i Mayer. Cincinnati Denison, Prior* Co.. Cleveland , W. Todd R. Jt Co.. Cincinnati Second National Bank, Toledo.. Spiizer& Co., Toledo New First National Bank. Columbus Merchants'* Clerks' SavinKS Bank For full description of bonds gee Z>i(c)i $92 00 110 50 66100 iii'do 590 00 476 00 415 00 8100 60 50 76 00 Chronicle Dae. 29, p. 13-24 Lyon County, Kan.— Bond.s Voted.—At the election held December 31 the question of issuing $50,000 4^ bonds in aid of the Kansas City Mexico & Orient Railway and a like amount in aid of the Kansas & Southern Railroad carried by nearly 2,000 majority. These b^nds will not be issued uutil the roads are completed and in opsration. Macon, Ga.— Bond Election.— An election will be held February 19 to vote on the question of issuing $70,00J d% These 30-year bridge, drainage, paving and sewer bonds bonds, it is stated, will be taken by the Bond Commission at par, provided they are authorized by the paople. Madison County, Tenn. Bonds Proposed. The County Court has decided to ask the State Legislature for authority to issue $125,000 road bonds. Methnen, Mass. Bond Sale.— On January 12 an issue of 30-year water bonds was awarded to R. L. Day & f I5,0r0 Following are Co., Boston, at 117-159 and accrued interest. — H the bids: R. L. . Day & 117-1' 9 Co., Boston.. 116-82 Kstabrook A Co., Boston 116-67 Blake Bros. & Co.. Boston RoKers,Newnian & Tolman,Bos.ll6'30 Blodget,Merritt& Co., Boston. .116-65 Securities are in denomination of $1,000, dated Dec. 1, 1900. Interest will be payable semi-annually at the National Bank of Redemption, Boston. Milwaukee, Wis. .Bids. - On January 10 the following bids were received for the $250,000 3}4% 1-20 year (serial) school bonds: W. Harris & Co., ChicaK0.$257,731 00 R. Klevbolte & Co.. Clncin $256,531 00 K. H. Kollina & Sons, Bos-t. 257,6&7 60 Denison, Prior & Co., Cleve. 256,47500 W. J. Hayes & Sons, Cleve. 257.677 Jose. Parker & Co.. Boston.. 266.425 CO Karson. Leach & Co., Chic. 256.M25 00 Trowbridge & NiverCcChi. 256,4u7 00 R. L. Day & Co., Boston 256,^25 Go Stoddard, Nye & Co. & Minn. Estabrook & Co.. Boston .... 256,782 50 Loan & Tr. Co., Minneap.. 256,355 00 Thompson, "Tenney & CrawLamprecht Bros. Co., Cleve. 25«,325 OO ford, Philadelphia 266,697 80 Blodget, Merritt & Co., Bost. 266.900 00 Seasongood & Mayer, Cin... 256,665 oO As etated last week, bonds were awarded to N. W. Harris & Co., Chicago, at 103 092. Miner's Mills (Pa.) School District.— Bond Sale.— On January 10 (sale postponed from Jan. 2) the $3,0f!0 4^ bonds were awarded to W. R, Todd «fe Co., Cincinnati, at 100 70 The other bidders were the People's Bank and H. B. Schooley both of Wilkesbarre, aud the Lamprecht Bros. Co., Cleveland. Fordeecriptionof bonds gee Chronicle Dec. 29, p. 1325. Monterey Couuty, Cal.— .Bond Sale.—E. H. Rollins & Sons, Boston, have been awarded the $128,000 4^ bonds advertised for sale on January 7, the price paid being 102 246. For description of bonds see Chronicle Jan. 5, p, 54. Montgomery County, Ala.— Bids.— Following are the bids received January 7 for the $100,000 5^ 20-40 -year (optional) disirict N. highway-improvement bonds . & : Montgom. 111-00 R. Kleybolte&lCo..Clnclnnatl .100-637 ..100-6UO W. R. Todd & Co Cincinnati. ..108-75 W. J. Hayes & Song, Cleve Trowbridge iNlverCo., 'hie... 103-457 Trowbride & Niver Co.(for 4!^s)104-117 100-00 Townsend, Scott & Son., Bait.. 107-60 First Nat, Bank (for4J^s) Josiah Morris Co., , ( P. S. Briggs A9 ris & & Co., Cincinnati... IOJ'543 stated last week, bonds Co., Montgomery. were awarded to Josiah Mor- New York City.— Bond O^mngr. —Proposals will be re- ceived until 2 p. M January 30, 1901, by Bird S. Coler, City Comptroller, for $3,125,000 S% gold corporate stock, as follows , $1,500,000 for construction Rapid Transit Railroad, to mature Nov. 1, 1950. 150,000 for extension Riverside Drive, to mature Nov. 1, 1941. 100.000 for scbool houses, Borough of Queens, to mature Nov. 1, 1941. 150,000 for school houses. Borough of Richmond, to mature Nov. 1, 1941. 375,000 for Police Department, to mature Nov. 1, 1941. 850,000 for water mains, to mature Nov. 1, 1920. W. Harris & Co., New York. .116-333 116-23 & Burr, Boston Parkinson NEW . i 116-484 Jose, Parker & Co., Boston a. H. Rollins & Sons. Boston... 116-417 N. [Vol. LXill. NEW LOANS. CASCADE COUNTY, GARFIELD MONTANA. LOANS. WASH., CO., COURT-HOUSE BONDS. is hereby given that the Board of County Commissioners of i^arfleld County, the State of Washington, will receive sea'ed bids for the sale of bonds in the sum of Twenty Thousand Dollars, issued for Court-House purposes. Said bonds are to be in denomination of one thousand dollars each and to run for twenty years, with one-half thereof to be issued May ist, 1901, and the remaining half on the first of September, 1901. Interest to be paid annually and both principal and Notice 3200,000 BONDS. Notice is hereby given that in pursuance of the provisions of Article 3. Title 2, Part 4, and Article 4, Title 1, Part 4, of the Political Code of the State of Montana, and of an order duly made by the Board of County Commissioners of Cascade County, State of Montana, at a meeting of said Board held on the 6th day of December, 1900, the said Board of County Commissioners of Cascade County will on the 22d day of January, 1901, at 10 o'clock A. M. of said day, at the County Treasurer's Office in the County Court Honse. in the City of Great Falls, Cascade County, Montana, under and by virtue of such power conferred upon them by law and by virtue of the order Aforesaid, authorized by a majority of the electors Of Cascade County at the general election held Nov. 6th, 1900, sell coupon bonds of Cascade County, State of Montana, to the amount of $200,000, drawing interest at the rate of 4 per cent per annum, payable .semi-annually on the Ist day of July and thelst day of January of each year, which bonds will be of the denomination of $1,000 each, and shall be redeemable and payable twenty years from the date Of their issue. The said coupon bonds will be made payable at any national bank designated by the purchaser, and the County will deliver said bonds at such bank to the order of such purchaser. The interest on said bonds will be payable at the office of the County Treasurer of said Cascade County. Sealed proposals forthe purchase of -said bonds will be received up to the time of sale, and the party or parties oflerlng the highest bid therefor will receive the amount of such bonds as he or they may offer to buy. A New York draft or a check certlfled by a Great Falls bank, payable to the ordf r of the County Treasurer of ( ascade County, to the amount of $2,500, will be deposited with the County Treasurer by the successful bidder as a guaranty of good faith, and will be forfeited to the County should he fail to take the bonds. Said Board of County Commissioners reserves the right to reject any and all bids. Bids should be marked "Bids on Bonds," and addressed to Vincent Fortune, County Clerk, Great Falls, Cascade C >unty, Montana. By order of the Board Notice is hereby given that in pursuance of the provisions of Article 3, Title 2, Part 4, of the Political Code of the State of Montana, and of an order duly made by the Board ot County Commissioners of Cascade County, Stale of Montana, at a meeting of said Board, I eld on the 6th day of December 1900, the said Board of County Commissioners ot Cascade County will, on the 22d dayof January, 1901 at 10 o'clock A. M. of said day, at the County Treasurer's office in the County Court House in the City of fJreat Falls, Cascade County, Montana, under and by virtue of such power conferred upon them by law and by virtue of the order aforesaid, sell coupon bonds of said Cascade County, State of Montana, to the amount of $151,000, drawing Interest at the rate of 4 per cent per annum, payable semi-annually, on the 1st day of July and the 1st day of January of each year. These bonds will be of the denomination of $1,000 each and shall be redeemable and payable twenty years from the date of their issue. The said coupon bonds will be made payable at any national bank designated by the purchaser, and the County will deliver said bonds at such bank ot the order of such purchaser. The Interest on said bonds will be payable at the office of the County Treasurer of said Cascade County. Sealed proposals for the purchase of said bonds will be received up to the time of sale, and the party or parties oflerlng the highest bid therefor will receive the amount of such bonds as he or they may offer to buy. A New York draft or check, certified to by a Great Falls bank, payable to the order of the County Treasurer of Cascade County to the amount of $2,500, will be required deposited with the County Treasurer by the successful bidder as a guaranty of good faith, and will be ferfeited to the Count? should he fail to take the bonds. Said Board of County Commissioners reserves the right to reject any and all bids. Bids should be marked "Bids on Bonds," and addressed to Vincent Fortune, County Clerk, Great Falls, of County Comtissloners BONDS. $151,000 Cascade County. Montana. By order of the Board of County Commissioners of Cascade County, Montana. «f Cascade County, Montana. VINCENT FORTDNE, County Clerk. interest to be paid at the office of the Treasurer of Garfield County, in the City of Pomeroy, Washington. Said bonds are to be issued in strict compliance with a statute of the State of Washington entitled: " An Act authorizing and empowering the organized Counties of the State of Washington to contract tndebtedness and to issue bonds for funding the same and declaring an emergency," Approved March 2l8t, 1890. Bids will be received up to noon March 4th, 1901, and must be addressed to the Auditor of Garfield County, Washington, and marked " Bid on CourtHouse bonds," The Board hereby reserving the right to reject any and all bids. „ ,^, STRAIN. J. County Clerk. . Aadltor and Ex-Officio, Clerk of Board. SI i,ooo Dawson County, 5% Notice is Mont., BONDS. hereby given that sealed proposals or bids will be received at the office of the County Clerk, Glendlve, Dawson County, Montana, until 10 o'clock A. M. January 2lst, 1901, for the sale of eleven (11) 5 per cent coupon bonds of one thousand dollars ($1,000) each of the County of Dawson, State ot Montana, such bonds to run twenty years with option to redeem at any time after ten years, the proceeds to be used to redeem twenty-two (22) 7 per cent coupon bonds of five hundred dollars ($500) each of the issue of 1883. The Hon. Board reserves the right to reject any and all bids. of County CommlBsloners. Ck)unty aerlc R. L. Dated at Glendive, Mont., Dec. 11, 1900. By order of the Board VINCENT FORTUNE, A. WYMAN, — Jantjahy — — THE CHRONICLE. 19, 1801.1 Petersburg, Ya.— Bond Sate.— On January 15 the |7o,000 d}4i 40-year gold street- paving and improvement bocds were awarded to local investors at from 100-66 to lOl'CO. For description cf bonds see Chronicle Jan. 5, p. 5.5. Port Gibson, Miss.— BoTid Oi'erinfir.— Proposals vUl be received until January 22 by the Board of Mayor and Aldermen for $12,000 ()% bonds. These are the bonds sold Nov. o, Mayer, Cincinnati, but they are re1900. to Seasongood ad vertieed on account of some defects in their authorization. new election has been held, and we are advised the tonde are now legally authorized. In t* rest will be payable May 1 and November 1. Either or a certified check drawn to the order of the City Comptroller npon one of the State or national banks of New York City for 2% of the par value of the stock bid for must accompany propc sals. The above stock is free from all taxa tion in the State of New York except for State purposes. New Bedford, Ma^s. Loavs Authorized,— ttoaLtn aggregating 5800,000 in anticipation of the collection of taxes have been authorized by the City Councils. North Adams, ^iL*%.— Loan Authorized.— Klo&u of^lSO,000 has been authorized in anticipation of the collection of taxes. North Amherst, Ohio.— Bonds Defeated.— At an election held January 15 the cilizets of this place voted against a proposition to iseue §15, COO electric- light-plant bonds. Oceunside, fSan Diego County, Cal. Bon,d Sale.— On January 8 the $5,010 6^ 1-40 year (serial) gold improvement bonds were awarded to the Adams- Phillips Co., Los Angeles, at 103-10. Following are the bids: money Adams-PhilIlpsCo.,Los Ange. $5,155 00 Andrew Turner, i asadena .6,310 00 Isaac Sprin(ter, Pasadena & A Portsmouth, Ya.— Bonds Authorized .—The City Council has authorized the issuance of $50,000 i% 30-year Fifth Ward paving bonds. Rising Sun, Ohio.— Bonds At/f/iorized.- The Village Council has authorized the iesuance of .^3 500 6^ town hall bonds. Securities will be issued in denomination of $7C0, and the interest will be payable semi-anrually at the office of the Village Treasurer. Principal will mature one bond yearly on September *t6.255 00 »5,010 00 iJleeo Savinus Bank A. Kean, Chicago *Bid8 said to be condltloral, and therefore rejected. San For description of bonds see Chronicle Dec. 15, p. 1234. O'Fulion (III.) School District.— Bond Sale.— Oa January 7 $8,800 5^ 14-year (average) bonds were awarded to Mason, Lewis & Co., Chicago, at 111'27. Following are the bids: Mason. Lewis & Co., Chlcaec. $9,701 76 Geo. M. Brl nkerhofl to 426 75 . ».30.i 0,3(10 00 GO 1 8,951 00 8,800 00 1.100 00 — 106-06 — Bond Sale. This city has sold an issue of year refunding bonds to the Citizens' Savings Bank of Osvosso at par. Securities are in denomination of $1,000, dated Jan. 2, 1901. 104-86 the maturity will be in 17 rcontts. INVESTMENTS. W. HARRIS & CO., LOANS. N. BANKERS. $1,000,000 First Mortgage 5% Cold Bonds Chicago & Todd &Co., New York... 103-00 VV. R. 8easong«od 87 Iii4 New York.103-27 & Mayer, Cincln.. .loa-65 Farson, Leach 4Co., York. .105-07 As stated in the Chronicle January 5, the bonds were awarded to Thompson, Ter ney & Crawford, New York City, St. Paul, Minn.— Lrans Negotiated.— On Jan. IS^this city negotiated with 155 citizens of this place $200,000 worth of Interest is at the rate of 3^ and certificates of indebtedness. .$10,000 4% 20 NEW & Co., New W.J. Haves 4 Sons, Cleve Lamprecht Bros. Co., Cleve Jno. D. EveritlACo., N. Y — Owosso, Mich. from 1904 to 1916, inclusive. Rutherford. N. J.— Bids.— Following are the bids received N. VV. Harris bonds failed to carry. Orange County, N. Y.—Bonds Proposed. The State Legislature will be asked for authority to issue $300,OCO road . !f.50O, Dec. 28, 1900, for the $85,500 4% 15-year refunding bonds: Edw. C. Jones A CcNew York.. 103-875 Thompson, Tenney 4 Crawford. 105-584 R. Kleybolte & Co., New York. .103-39 New York Oneway, Mich.— Bond.s Defeated. At the election held Dec. 27, 19C0, the proposition to iseue |3,650 fire-protection bonds. to 19C6, inclus-ive. Cleveland, at par. Securities are in denomination dated Jan. 1, 1901. Interest will be payable semiannually at the First National Bank of Chicago. Principal will mature $1,000 on Jan. 1, 1903, and $3,000 yearly on Jan. of 9.351 00 . from 1902 & Sods, . . TrowbridKe & Niver Co., Chic. H..595 (iO Denlson. Prior & Co.. Cleve Farson, Leach & Co., Chicago. 9,505 Oo Chas. S. Kidder & Co.. Chic. 0,fii;6 on S. A. Kean, Chicago Belleville Savings Bank Devitt, Tremble <B Co., Chic. 9.47d 72 Kirst Nat. Bank. Barnesville. R. Kleybolte* Co.. Cincln.... 9,471 20 Ill Nat. Bank. E. St. Louis W.J. Hayes & Sons. Cleve.... 9.447 00 ¥. F. Varney (for tl,'JOO) 1 Rock Island, III.— Boni. Sale.— We reported in the Chronicle on November 17 the sale tf $40 000 5% water bonds. This sale, we are row advifed, was not consummated until Dec. 27, 1900, when ihe bonda were awarded to W. J. Hayes 5,000 00 S. 153 New Yohk. in Bonds of Railroad, Street Rail- Deal Issue Travelers' Letters of Credit way. Gas and EUctrie Electric Ry. Co. Companiei. Lit/ht Gi'Vemmtnt and i£uuicipal Bonda Bought a"d Sold. AVAILABLE IN ALL PARTS OF THE WORLD. Milwaukee BOSTOy. Chicago Quotations furnished for purchase, sale or exchanKft 31 Nassau St., ^^'^''Vuiim^gr"'^ New York. Cable address:—SABA. Denomination SI, 000. Dated July interest payable in 1, 1899. New York Due July 1, 1919. Investment Securities or Chicago. FOK These bonds are the first and only lien upon the property of the Chicago & Milwaukee Electric Railway Co., which road connects, on a north and south line of 28 miles, 15 suburban cities and towns having a population of 70,000 with Chicago a city of two millions. The net earnings of this property for the first year while under construction were over 50 per cent in excess of the interest charges, and the last four months show an increase of over 25 per cent in earnings as compared with the same period of 1899. Conservative estimate of the net earnings for this year will be $120,000 — nearly 21^ times the interest charge. Special circular and full U¥INGS BANKS and TRUSTFUMDS EDW. NKW FROST & JONES & 1 CO., NASSAU 8TBKBT. 112 SO. - FOURTH Blodget, Merritt & ST. Co., BANKERS, information furnished upon application. Congress Street, Boston. \i Wall Street New York. CO., STATE, CITY & RAILROAD BONDS N. Brown & Co., BANKEKS, t:F.DAR STREET. NEW VOKK. James BANKERS, No. 108 C. YORK, PHILA., 16 A. C. BONDS A SPECIALTY. hi LA SALLE STREET, CHICAGO, «'Z Dealers in Government, Municipal, Rail* road and Corporation Bonds. ILL. INTEJtEST ALLOnUI) O-V DEPOSITS. OrderH executed on N. V. .^tuck Excbange^ MASON, LEWIS Perry, Coffin & Burr, .60 State Street, tfU MUNICIPAL RAILROAD CORPORATION Street D. BOSTON. Monadnock BulldInK, Choice BOSTON. CO. SOUTHERN AND WESTERN SECIRITIES. CHICAGO. INVESTMENT BONDS «&, BANKERS, Uovonahlre i!iu BONDS. ^ '^ ^ '-' litimes. Railway and (Jas Coiup.inie8. LIST ON APPLICATION. 31 H. LIYERMORE, SUCCKJ'SOK TO llOSENBERtJER Si LIVKKMORE NEW Y OBK NASSAi .xTKEET. Boud8 and Inv«'stinent Socuritios 3 TO 6«. TO NET FROM CORRESrON'DEXCE B. INVITED. POWELL & CO HARRY WOODSTOCK. >EKMONT. , —— THE CHRONICLE. 154 Someryille (N. J.) School District.— .Bonds Defeated.— At a recent electiou this district voted against the issuance of $45,000 school bnilding bonds, Simth Oniabii, Neb.— /*ond SaZe.— This city has sold an issue of $3,800 6;? 1-5-year (serial) bonds of sewer district No. 110 to George Dare, a contractor, at par. Tanntoii, Mass.— Loan Authorized.— t^ loan to the amount «f $300,000 in anticipation of the collection of taxes has been authorized by the Council. Two Harbors, Lake Connty, Minn.— Bowd O^enngf.— Pro- posals will be received iintil 7:30 P, M. January 21 by the 10Village Council. H. L. Holden, President, for $3,500 year water and light-improvement bonds. Securities are in denomination of;$500. Interest will be payable semi-annually. H Warren County, Miss.— ioan O^ertngf.— Proposals will be received until 12 m., February 4, by J. D. Laughlin, Chancery Clerk, for a loan of $40,000 ito defray the expenses of the connty. Waterford, N. T.— Bond OJSering.—J. W. Ford, Village President, will sell at public auction at 12 M. January 22 at the town hall $13,000 3V^;? bonds. Securities are in denomination of $1,C00, dated Feb. 1, 1901. Interest will be payable March 1 and September 1 at the Garfield National Bank, New York City. Principal will mature $1,000 yearly on Sept. 1 deposit of 10^ will be refrom 1905 to 1917, inclusive. quired at the time of bidding. Webster Citi, loyf a,.— Description of Bonds.— The $7,000 bonds which we stated in the Chronicle January 5 had been sold to the First National Bank, Chicago, are in denomination of $1,000, dated Jan. 1, 1901. Interest will be payable semi-annually at the rate of 4:%. Principal will mature in twenty years, subject to call after ten years. Wichita (Kan.) School lii»trlct.—Bond Election.—At the spring election in April the question of issuing $25,000 bonds will be submitted to a vote of the people. Williamsport (Pa.) School District.- Bond Sale.— On January 15 $20,000 S}4% 10- year bonds were awarded to the Lamprecht Bros Co.. Cleveland, at 102*5637 an interest basis of about 3 20^, Following are the bids A — : liamprecht Bros. Co., Cleve.... 102-5637 Pav. Institu'n of Williamsport. 102"13 loa-5601 L. Li. Walton (for$10'iO) 10150 W.J. Hares A Sons, Cleve R. Kleybolte & Co.. Cincin 100-Kl West Bell. Nat, Bk (for $7.000) 02-36 J. F. Bower (for |3,60l') Denison, Prior & Co.. Cleve .... 102-17 lOO-OO I I 1 I INVESTMENTS. D£!AZ,£!S8 IN Graae SEND FOR Bono^. LISTS. fVoL. LXXII. Securities are in denomination of $500, dated Feb. 1, 1901, ani carry semi-annual interest. Bonds are free fromtaxtion. Winnebago City, JUian.—Bond Sale.— Thia city has sold to Farson, Leach & Co., Chicago, the $13,000 refunding bonds mentioned in the Chronicle Dec. 15. Securities are dated Dec. 31, 1900, and will mature Dae. 31, 1925. Interest is at the rate of i}4%. Winooslii, Vt. Bonds Authorized. This village has the authority of the State Legislature to issue bonds for a waterworks system, Winston Connty,' Ala.— Bonds Jssited.— are advised by S. H. Wilson, County Treasurer, that the $25,000 bonds recently authorized by the State Legislature for bridge purposes and for the payment of county indebtedness will be issued the latter part of this month. They will be in denomination of $500. Interest will be payable semi annually at the office of the County Treasurer. Principal will mature in thirty years, but bonds are subject to call at anytime. Of the bonds, $21,500 under contract go to Col. F. M. Dobson, a bridge builder and contractor of Jasper, Ala., and the remaining $3,500 to Dr. W. R. Bonds of Double Springs, Ala. Woodlawn, Ala.— Bond.s to Be Issued.— This city will sell at private sale $25,000 5% 20 year gold refunding bonds recently authorized by the State Legislature. Bonds will be dated Jan. 1, 1901. Yakima County (Wash.) School District No. 36.— Bond O^mnfli.— Proposals will be received until 11 a m., February 2, by W. B Dudley, County Treasurer, for $i,000 15-20-year (optional) school-house bonds. Securities will be issued in denominations of from $100 to $1,000, to suit purchaser. Interest will be at a rate not exceeding 10^. The only indebtedness of the district at present is $566 84, represented by outstanding warrants. The assessed valuation is $35,275 and the real value about $75,000. Following are the bids received Tonkers, N. Y. Bids January 9 for the $15,000 i% assessment bonds and the $1,000 d'^% crematory bonds — We — $1,000. $16,000. Cremator<u Bd». Atsessment Bds. 100-67 New York 100-241 Tbompson, Tenney & Crawford, New York 100-24 Yonkers Savings Bank As Stated last week, Geo. M. Hahn of New Geo. M. Hahn, 101-27 100-07 York City re- ceived the award. MISCELLAMEOUS. MISCELLANEOUS. LONDON AND PARIS Geo. D. Cook Company, EXCHANGE, DENISON, PRIOR & OO. High : Ld., Bankers and Exchange Agents. HEAD OFFICE: 24 Throgmorion St., London, E. C. Tbe exchange prepared to entertain a proposal for the establishment of an Agency in New York. HighIs INVESTMENT SECURITIES. 238-240 La Salle Street, CHICAGO. New York Office. 52 Broadway. est references required. 8 Exchange Place, Boston. 121 Euclid Avenue, CleTCland. TROWBRIDGE & NIVER MUNICIPAL, RAILROAD CO., ADAMS & OOMPANY, MUNICIPAL BONDS, BANKERS, DBAI>' ^8 First ]Vatlonal Banlc Bldg., Investments, January AND CORPORATION BONDS. FARSON, LEACH & CO., NEW YORK. CHICAGO. CHICAOO. IN INVESTMENT BONDS A.R.Macfarlane&Co. BANKEM8 lltembers of Boston Stock JBzchange. jLND BROKMRS, DULUTH. No. 7 Congress and 31 State Streets, MINN. [Members American Bankers' BOSTON. €. H. ROLLINS & SONS, Commercial Paper, Mortgage Loans, Local Stocks and Real Estate. Act aB agents for non-resident property owners and Investors. BAJVKERS. Bonds for Permanent Investnfient 19 Milk Street, Denrer. BOSTON. San Francisco. Ass'n.j DEALKBS IN F. R.FULTON & CO., Municipal Bonds, 171 T. B. POTTER, MUNICIPAL and oriKinQ D^JNUb, CORPORATION 172 Washington Street, CHICAOO, lilST - MUNICIPAL BONDS. E. C. Stanwooo & ) ) CORPORATION, 50 Wail New IitBt BONDS. ) Street, York. on application. ^ -....._. 121 Devortshire Streets BOSTON. --, JBONDS RAILROAD CORPORATION^ ecaritles Netiing rrom 4Ai to 6 Per Cent alvrays on hand. SHIND FOR LIST. ROBY ROBINSON, ATLANTA OA. Co.. BANKERS, Barstow, Jester&Oo. INVESTMENT SEC URITIES. MUNICIPAL MUNICIPAL MUNICIPAL, RAILROAD. IL.L.S. • ON APPLICATION. la salle street, CHICAQO. • BONDS. Securities Netting from 3J^ to 6^ ALWAYS ON HAND. Send for oui' Investment Circular. DUKE M. FARSON, Municipal Bonas. "' ° Banker, HICaGO."^"'