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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 Ǥ
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
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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
•

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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«

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89
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e5
68

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38« 34^ 32?4 34J4
SEW •84X 85)4
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79
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89M 90
83« 83H

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139

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10

146

Jan, 16.

Friday,
Jan. 18.

Railroad Stooka.

354

144« 14SM 143

146M ueit

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196

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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)
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©
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

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-J^©r-

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t4

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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^

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*>•

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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

•

;

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Siii!

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358 180

05

wbosob 15
1*»

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15,999

10,043 17,619

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<IWC7>!C«

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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

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—— — ——

—

—— —

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."^"'