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Quotation -Supplement (Mon%) Street-Railway<Supplemcnt (fruma#
Investors Supplement (QiBneriy) Stale and City Supplement
(Entered aooording to Act of Congress, in the year 1902 by the W illiam B D ana Com pany , in the offloe of the Librarian o f Congress.]
SATURDAY, JANUARY 25, 1902.
YOL. 74.
Week ending January 18.
3P*je
PUBLISHED WEEKLY.
Clearing» at—
Terms of Subscription—Payable in Advance:
Terms ot Advertising—(Per Inch Space.)
B oston....................
Providence............
Hartford........
New Haven............
Springfield..............
Worcester........
Portland................
Pall River................
Lowell................ .
New Bedford......
Hoivoke..............
Total New Eng.,
Chicago.................
Cincinnati.......
Detroit..................
Cleveland.............
Milwaukee...........
London Agents:
Columbus.... .....
Messrs. Edwards A Smith, 1 Drapers’ QardenB, E. O., will take sub Indianapolis..........
Peoria..................
sorlptions and advertisements, and supply single ooples of the paper Toledo..................
•t Is. each.
Grand Rapids......
Dayton ................
W IL L IA M B . D A N A C O M P A N Y , P u b lis h e r s ,
Rvansvllle............
P i n e S tr e e t, C o r n e r o f P e a r l S tr e e t,
Youngstown.........
Springfield, 111......
POST Optics Box 958.
N E W Y O R K . Lexington............
Akron.................. .
Kalamasoo........... .
Rookford...............
Springfield, Ohio..
The following table, made up by telegraph, etc., indicates Canton................. .
Jacksonville, 111....
that the total bank clearings of all the clearing houses of Qulnoy..................
Bloomington.........
the United States for the week ending to-day, Jan. 25, Jackson
.................
have been $2,206,091,530, against $2,398,294,490 last week and Ann Arbor.............
Tot. Mid. West’n.
*3 ,112,841,207 the corresponding week last year.
Transient matter............... . $4 20 Three Months (13 times) ..$29 00
STANDING BUSINESS OABDS.
Six Months
(26 “ ).. 50 00
Two Months
(8 times).. 22 00 Twelve Months(52 “ ).. 8700
CLEARING HOUSE RETURNS.
San Franolsoo.
OUwringt—Return* by Telegraph.
Week Ending January 25.
1902.
1901.
New Y o rk .....................................................
B oston..........................................................
Philadelphia................................................
Baltim ore.....................................................
Chicago..........................................................
3t. Louis........................................................
New Orleans................................................
11,143 0)6,700
105.738,601
06 060,704
18,077,487
186,671,070
48,542,409
13,404,502
tl.189,183,928
103.870.081
81,581,812
17,414,129
110.605 251
82 910,023
11,003 776
-3 -9
+T8
+18'6
+36
+286
+ 32 8
+10-0
Seven cities, 6 days...........................
Other oities, 5 days...................................
11.557,050.695
276,104,211
$1,547,211,005
220,110 203
+0-8
+26*0
P.Cent
Total all oltles, 6 days.......................
A ll cities, 1 day..........................................
11,882,103,936
373,927,624
$1,707,867,298
845.483,909
+ 3-7
+8-2
Total all oltles fo r w e e k .................
$2,200,001,530
$2,112,841,207
+4-4
The full details for the week covered by the above will be
.given next Saturday. We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all oases estimated, as we go to press Friday
night.
We present below our usual detailed figures for the pre
vious week, covering the returns for the period ending with
Saturday noon, Jan. 18, and the results for the correspond
ing week in 1901, 1900 and 1899 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a loss of 2'7 per cent. Outside of New York the increase
over 1901 is 17-0 per cent.
1902.
N ew Y o r k ................. 1.609,288,740
P h ila d e lp h ia ............
112.117,976
P itts b u rg ...................
16 054,622
B a lt im o r e ....... .........
27,888 009
Buffalo..................
Washington...........
Albany..................
Rochester..............
S y r a c u s e ...................
feranton....................
W ilm in g to n ..............
Blngba/nton...........
C h ester......... .............
• r e e n s b u r g ..............
V/ h e e lin g
W . V a ...
W ilk es JBarre...........
T o ta l M 'd d le .........
1901.
1902.
For One Y ear____ ______________________________ _....$10 00
For Six Months.......................... ................. ....................... .
6 00
Xnropean Subscription (including p o sta g e )........................... 13 00
European Subscription Six Months (including postage).......... 7 50
Annual Subscription in London (including postage)................*3 14 s.
(Six Mos.
do.
do.
do.
........... . . . m i l s .
Above subscription inoludes—
The Quotation supplement
|Stbeet Bail way Supplement
The I nvestors’ Supplement
|State and City Supplement
OUaringt a t—
NO. 1909
Total Paolflo.
D avenport-..............
Sioux City.................
T opek a.......................
W lo h lta .....................
Fremont.....................
Colorado 8p rln gs...
T o t.o th e r W e s t..
1900.
1890.
P . Cent
$
$
—2' 8 1350)1.100
77 163 480 44 3
+4* 0
8,102,10C
OO
8,330.50 3
2,045 097
18
2,818.04 2
+2 1
+4* 7
1,068 664
32
1,754,80 L
37
1,444,00 1 +20* 3
1,359,746
1,880127
30
1,551,10
+14* 3
30
1,818.29 i +26* 1
1,250,08:
879,1340
38
869,77'
+60*' l
38
694,50
+22* '
548 099
4
787,83!
-16*
413,64)
—20*<
849,176
33
516,16!
—11 159,005,181
34 178,471.471
171.403.261
19 140,108,451
)0
22,485 501i
9
9,962 401 i
9
12,808 40;
2
6.130,091
0
5 217 50)
2
4,08163
0
2,810.85
1
2,058.818
3
1.479.58)
8
1,188,775
9
839,617
7
350 063
4
480,326
0
001,118
0
668.70(
1
887.881
2
288 557
2
344,149
3
817,24e
5
172,082
0
265,97!:
7
207,595
1
189,083
6
140,000
260,239,7844 213,620,605
)
3
42,699,247
22.082 445
3 055,241
8,218.722
2,702,016
2,183.011
930,451
1,227,809
760,782
305,543
142,457
86.620.070
68.232,862
17.833 278
9.877,744
0,421 5d9
5,180,057
4,958,001
4 520.130
1,658,032
749.953
1.286,728
1,007,870
488.700
145.320
1.) 00,000
55,210.554
41,270,9°4
St. Louis............
14,400.009
New Orleans......
9 939 075
Louisville..........
8,879,500
Galveston..........
4,600 000
Houston.............
4,108,799
4,188704
Savannah..........
3 507 350
Rlohmond..........
4,021 817
Memphis............
2.164.892
3,195
681
Atlanta..............
1,317.079
1.925 544
Nashville...........
1,526 745
1.481.722
Norfolk..............
1,388,106
Augusta.............
007,784
Knoxville..........
2,809,827
1,074 206
Fort Worth...........
1,147,844
900,000
Birmingham......
830,000
790,000
Week ending January 18.
Maoon................
010 537
938 825
Little Rock........
441,722
545
787
1900.
1901.
1002.
1899.
Chattanooga......
486 427
265.411
Jacksonville.......
P. Cent.
$
$
%
98.296 069
Total Southern... 117,482 329
1,780,046,421
-12-8 1 005 170 062 1,409.245.846
1.398 294,490 2,490 807 701
+20*2
104,702 050
04,035,710
Total all..........
99,430 206
+ 20 5
29,178.080
84.804 336
24.0)3 809
Outside N. York.. 890,010,700 700,702 277
23 215 094
+ 10*9
19,710 874
20 112 872
6.277,776
—0‘S
0.290,270
5.180,880
5181 254
3,247,281
8,970,684
—10
2 522 185
2,801.170
8 158,464
2,720.007
+ 94'0
3,150,000
2,400,000
2,347,185
2,278,055
+3 8
2 122 994
1.950 129
1,610,938
+15*7
1,310,287
1,240 020
1,287,902
1,006.753
1,053.427
1,437 104
1,203,000
+ 47
1,247,064
828 245
1,000 282
1,014,687
+28*9
884,600
-2 7 2
458,000
459 400
418 2 0
300 000
808 692
880,000
-2*2
382 452
884,005
319,878
820,000 !
190,000
+08
864 007 Not Include d In tot a),
060 419 Not Include d In tot|al.
1,780,902,004 1.914.077,118
- 9 B'1,105 197 914 1,676,822 233
1902.
141.184,847
0 787 900
8,280.889
1.7C4 525
1 801,988
1 009,019
1,801.526
939,787
709 286
759.062
800,000
160.026,964
+22'
181,827,84) 130,972 224
—4*.
16 203.75)
10.090 800
+72*'
10 244 636
9 691,231
+18*f
11,023 40)
10,821.528
+18*1
0,675.418
5,724,356
+61*!
0.039.600
5.728 700
+23*C
8 081,189
3,091.309
+21)
2.000.986
1.934.850
+e*c
8 437 007
2 087 904
+m
1 408,992
1,213,001
+29*;
1.040,076
1,010 846
+25*j
1,054,024
824,146
+63 C
330.802
305 718
+75*)
442,499
870 878
+125
535,851
319.192
482,10)
+87*5
428.490
—8t'{
357,380
487.780
+20*(
303,500
£58 815
+4*9
304,166
217,681
+24*9
205,094
207.801
+25*1:
148 647
132,807
—I8*e
265,000
465*1
+ 40*3
+83*9
+21*9 195.430,479 191,809,632
+14*8
+10*2
+25*8
+54*0
+88*6
+42*7
+1*0
—8*8
+39*0
+64*0
+19*9
+285
+44*1
+12*9
+8*4
+7*7
+28*7
+17*2
+200
+27*01
+44 8
+00*0
+ 84*7
—10 4
+23*8
+27*7
+13*9
+5*6
+11*8
+28*7
+0*5
+22 3
—1*7
+48*8
+40*0
+8*0
+15*1
+23*2
-58*9
+29*7
-4*8
+63*7
+28*0
+04*4
+19*6
-.3*7
+17*1
20,172 171
2 018 932
1 000 900
2,222,170
1 668 947
1,181.400
840 645
713.003
349.7»9
110,688
31,330,653
15 878,719
2.835,028
1.048.748
1,492 881
1,275 000
949.903
701590
888,820
247 590
114 884
25,028.575
14.184 855
9,852.833
6.117.007
5.443,671
4,024.999
4,134,298
1,851,0.2
588 441
1,829,768
800 6C0
487,980
122,510
11,219 437
9 805.814
6 954 686
4 448 074
3,317851
2,280.227
1,064 782
523,095
897,230
785.916
429.148
115,140
48 912 908
42,571 070
33,197,480
88 972,024
18 020 0-0
12 584.457
7,903,070
10.073,203
8,755 500
8,742,700
4,003.401
8,107,603
4,097.101
2 085,849
8.438 678
2.885 529
2,457 010
2.805 047
1,942.874
1.5'0 527
1,314,324
1,608 420
1,668,380
1,094.286
007,087
1,114,917
481187
485,889
987.011
030.780
835,041
680 982
648,000
046 OOO
452 422
407 808
870,610
401 004
219 411
285 000
82,993,741
84 177 600
1.078 785 334 2
078,009,272 601,823,876
Ca n a d a —
Montreal........... .
Toronto..............
Winnipeg.......... .
Halifax......... .
Hamilton............
St. John..............
Vlotoria..............
Vancouver..........
Onebeo....... ......
Ottawa...............
Total Canada ...
10.947 038
+4*0
14,570 010
17.022 004
11 190,087
9.817' 962
14.281 652
+27*2
2.007 524
8,180 004
+68*4
2 080 848
1,300,000
1,841 930
1,185 018
+41*0
721.101
830 404
887,030
+23*0
051 814
043.840
+ 1*8
095 180
093 872
087 855
1 278 710
-50*1
047,804
+8*1
787 118
770 990
1,284 009 Not Include l in tot. il.
1,676,662 Not Include 1 In tot 11.
80,484 983
+14*3
80 888,204
8i 900 894
18,842 882
8,710 533
1.003.330
1,290,408
701 971
577,440
000,609
018,504
'98.071,596
172
THE
CHRONICLE
[VOL. L X X IV .
We And a very interesting interview in the Chicago
“ Record-Herald” with President Stuyvesant ^Fish
The quarterly number of our I nvestors’ S upple of the Illinois Central Railroad on points allied
ment tBissued to day, and is sent to all oar subscribers. to some of the matters spoken of above. It is not
The S upplement contains editorial articles on the necessary to say that Mr. Fish is in his profession
among the very foremost of the live men of the day,
following topics.
and what he says about railroad management is the
CULTURE AND AN ENGINEERING EDUCATION.
result of a highly successful experience. He took
STEAM AND ELECTRICITY.
hold of the Illinois Central Road when it was scarcely
ENGLISH AND AMERICAN BRIDGE PRACTICE.
more than a North and South Illinois corporation,
USE OF CONCRETE IN RAILROAD STRUCTURES.
with one leg at Chicago and the other at Cairo, and
has given it the present proportions with uninter
THE F IN A N C IA L SITUATION.
rupted dividends on its common stock, 5 per cent
There appears to be a rift in the clouds which have being the lowest rate touched, 6 per cent being the
been hanging over Washington. The outlook was a present rate. In this interview hejopposes pooling,
trifle hazya short time since. Congress it was claimed as he has often done before, and thinks that the
had got the anti corporation fever and business inter Inter-State Commerce law is good enough just as it
ests were nowhere. Other reports were that our good stands if it was enforced. Its provisions contain
friend the Governor of Minnesota would lead the sufficient powers already to cure secret rate cutting
forces marshaled for the new crusade, and that all and rebates. Alert and energetic commissioners could
this was being done in the interest of what was called at onoe give to the public all the benefits the law was
“ good politics.”
designed to confer. As it has been in existence fif
Probably the rumor was a mere myth. Most of the teen years, and in those respects never administered,
highly seasoned things one hears about Congress he thinks it is time its efficacy was tried.
sooner or later turn out that way. At all events, dur.
On the subject of pooling Mr. Fish is equally ex
ing the last two weeks the tenor of the news has indi plicit. He says he is not in favor of pooling because
cated that the drift of thought was in the opposite convinced that it would not work a cure of the dis
direction. The anti-corporation fever has abated; ease for which it is prescribed. His conviction is,
affairs affecting business adversely are being put in the first of all, built upon experience. When he adds
backgrourd; while others which are standing in the that he never knew a pool that held together or re
way of progress are receiving more attention. Last sulted in the maintenance of rates any considerable
week there were reports current that some device for length of time, he is stating what every one will coin
putting an end to the locking-up of currency under the cide with. But many differ from Mr. Fish’s conclu
working of the Sub-Treasury law would be enacted. sion, because they think that a pool made under a law
This feature has so long been a menace to enterprise, that legalized it would be more effective. Bearing
every now and then threatening a panic in the money upon that point, Mr. Fish urges, per contra, that the
market, that it cannot too soon be corrected. Within a conditions which surround the freight question are so
few days it was announced that measures were being manifold, so diverse, and so widely adverse, as to be
devised by the Finance Committee of the Senate and impracticable. “ If there are, for example, ten lines
the Ways and Means Committee of the House for of railway between two given points and it is purposed
cutting off the Government revenue sixty or seventy to organize a pool, one of two things is almost
million dollars—an accord being sought between the certain to happen—either one of the ten lines
two legislative bodies so as to facilitate action. It is will refuse to come into the pool, or, coming
rumored also that the United States trust law is to in, will break the agreement, or some one with
be amended so as to permit railroads to stop the money will come along and build a paralleling line
practice of cutting rates and the paying of rebates between the pooling gateways. Either is fatal to the
and thus make effective and carrying into operation pool and to a maintenance of rates.” This statement
the spirit of the Inter-State Commerce law. As long puts the difficulties clearly and strongly, but of
as the tariffs are kept “ reasonable and just” —a situ course not conclusively, because the plan proposed
ation the Commission is required by the Act to enforce has never been tried and so tested; hence it will fail ta
— no one is advantaged, but every healthful interest convince those who put their trust in a legalized ar
rangement. At the same time, whether on that point
is harmed by permitting secret breaking of the law.
To us it looks to be a very inconsistent, inglorious one agrees with Mr. Fish or not, his position seems to
course for the Commissioners under that law to be us to be the true one when he asserts that the law as
asking Congress, as they are doing, for more power to to secret cutting of rates and paying of rebates never
cripple railroads, while neglecting to enforce what has been administered, and can be and should be, be
they have. Besides that, the kind of legislation now fore, by amending the law, other untried ventures are
being sought by the Commissioners is not of a nature fastened upon the roads.
that makes business prosperous and the people happy
and contented. It partakes more of the Bryan sort
The current of affairs in Wall Street has taken a
of wisdom, which the public has twice pronounced to course almost identical with the two previous weeks*
be “ earthly, sensual, devilish.” After those experi A dull market with prices sagging, except of a few
ences there can be no danger of the party in power specialties, gives, in short, the record. The growiug
putting its head into the offered noose. “ Surely in ease of money all over the world would seem to en
vain the net is spread in the sight of any bird.” Ex courage operations here as well as in Europe. On
cuse our numerous Scripture quotations. Somehow Saturday of last week the Imperial Bank of Germany
whenever we speak of Bryan, they crowd in on us so, reduced its official rate of discount to 3$ per cent,
we can think of nothing else precisely and at all and on Thursday the Bank of England took similar
action, reducing its rate to
per cent. With these
points pat.
THE IN VESTORS’ SU PPLEM EN T.
Januaky 25, 1902.]
THE CHKONIOLE.
exceptions the offioial rates of discount of the princi
pal European banks are unchanged, but unofficial
rates at London, Paris and Berlinjare easy. The cable
reports that the subscriptions which wore closed at
Berlin on Wednesday for the new German and Prus
sian 3 per cent loans for 300,000,000 marks were many
times the amount of the issues. It is also stated that
the tenders from the United States were larger than
those from any other foreign country. London
subscribed lightly, while France, Belgium and Switzer
land subscribed heavily. The large over-subscription
of the loan is said to be the most phenomenal event
in the history of the Empire. The cable also reports
that a Ceylon loan of £1,400,000 which was issued in
London on Thursday was over-subscribed six times.
It is likewise reported that other loans, including one
for West Australia, are soon to be offered in London.
In the department of Bank Items, on a subsequent
page, will be found some further details regarding the
subscriptions in this country for the German and Prus
sian loan. What effect the takings here will have on
the export of gold and consequently on our money
market can only be determined when the allotments
are made known.
The annual report of the Choctaw Oklahoma &
Gulf Railroad shows that the business of this little
system keeps steadily growing and that a high degree
of prosperity attends its operations. We say “ little”
system because the length of road embraced in it is
small by contrast with the larger systems of the day,
though the mileage is being gradually extended and
the importance of the road constantly being increased.
The average mileage for the year (which ends October
31) was 643 miles, comparing with an average of 565
miles in the twelve months preceding, but this will
be considerably added to when the extensions under
way shall be completed. With the eastern termini at
Memphis and Little Rock, the road will then extend
west all the way to a connection with the Fort Worth
& Denver City and the Pecos Valley RR. in the
Panhandle of Texas, and will pretty effectually drain
the most promising sections of Oklahoma and the
Indian Territory. How rapidly these sections are
developing is evident from the fact that the passenger
earnings of the Choctaw Oklahoma & Gulf in the
late year just about doubled, rising from $565,281 to
$1,120,173. Aggregate gross earnings of all kinds in
creased from $2,722,019 to $4,611,351, and net earn
ings advanced from $1,160,160 to $2,087,360.
It would not be a surprise if in a new country like
this freight rates should average high. As a matter
of fact, a further decline occurred in the late year,
bringing the average down to only 1*10 cent per ton
per mile. With net earnings of $2,087,360 (or $2,025,043 if allowance be made for the loss on the coal
mines), the company’s fixed charges were but $607,419, leaving a balance of $1,417,625. Five per cent
dividends were paid on the preferred stock and 4| on
the common stock; the two together, however,
took only $620,000. A stock dividend of 10
per cent was also paid on the common stock,
representing earnings of previous years applied
to capital account. Two million dollars of new com
mon stock was likewise sold at par to the share
holders, so there is now $8,800,000 of common and
$8,000,000 of preferred stock outstanding, od which
the combined call for five per cent dividends will be
$740,000, as against the late year’ s balance (above
173
charges) of $1,417,025. The sum of $210,000 was ap
plied out of the latter for additions to equipment and
additions and betterments at the mines.
The statement of the New York Associated banks
last week was quite favorable, showing a gain of $9,037,900 in cash, of which $8,942,600 consisted of
specie. The loans were increased $3,292,300 and the
deposits were augmented by $11,739,800. Surplus
reserve was increased $6,103,000, to $19,061,450. The
banks have this week lost $460,729 through exports
of gold to Germany. Payments by the Sub-Treasury
for unmatured bonds were $1,779,590 07, making
$3,335,852 89 since the beginning of the year.
Money on call, representing bankers’ balances, has
loaned at the Stock Exchange this week at 4 per
cent and at 2 per cent, averaging about 3 per oent.
On Monday loans were at 4 per cent and at 3 per cent,
with the bulk of the business at 3J per cent. On
Tuesday transactions were at 4 per cent and at 3£
per cent, with the majority at 3£ per cent. On Wed
nesday loans were at 3£ per cent and at 3 per cent,
with the bulk of the business at 3£ per cent. On
Thursday transactions were at 3J per cent and at 2£
per cent, with the majority at 3 per cent. On Friday
loans were at 3J per cent and at 2 per cent with the
bulk of the business at 3i p8r cent. Banks and trust
companies have loaned at 2£ per cent as the mini
mum. There have been some offerings of money
on time this week from interior banks and a few
Chicago institutions have so placed part of the bal
ances they had with their New York correspondents.
Bankers who have negotiated sterling loans have en
deavored tojplace some of the proceeds of these nego
tiations for sixty to ninety days, but the demand for
money for these periods has been so small that no bet
ter than 4 per cent could be obtained. Brokers who
make a specialty of time loans quote 4 per cent for all
dates from three to six months on first-class dividend
paying stocks and 4£ per cent for the same time on
good mixed Stock Exchange collateral. The supply
of commercial paper is increasing slowly, but the de
mand is good, not only from local institutions but
from the interior, and names do not accumulate.
Rates are 4@4£ per cent for sixty to ninety day en
dorsed bills receivable, 4|@5 per cent for prime and
5@5£ per cent for good four to six months’ single
names.
As above noted, the Bank of England reduced its
minimum rate of discount on Thursday from 4 per
cent, at which it has stood since Ootober 31 1901, to
3£ per cent. The Imperial Bank of Germany on Jan
uary 18 lowered its rate from 4 per cent, which has
been maintained since September 24 1901, to 3i per
cent. The cable reports discounts of sixty to ninety
day bank bills in London 2|@2£ per cent. The open
market rate at Paris is 2f per cent and at Berlin and
Frankfort it is 2@2£ per cent. According to our
special cable from London the Bank of England
gained £981,813 bullion during the week and held
£35,958,843 at the close of the week. Our corres
pondent further advises us that the gain was due to
the import of £20,000 from Australia and receipts of
£1,187,000 net from the interior of Great Britain and
to the export of £225,000 to Argentina.
The foreign exchange market has been extremely
dull this week and the business has been ohiefly con-
THE
174
OHKQNICLE.
fined to bankers' long sterling. The offerings of these
bills came largely from borrowers through exchange
negotiations and the drafts representing these loans
were promptly marketed. The easy discounts in
London and the expectation early in the week that
the Bank of England rate would be reduced caused a
demand for long sterling in preference to short for
remittance, and the tone of the market for these drafts
was generally firm, while short was steady. The
change in the Bank rate on Thursday having been
anticipated, the market then became almost stagnant.
Bankers report very few commercial bills against
cotton and scarcely any against grain. Continental
exchange, and especially francs, are quite firm ; the
fluctuations in rates were very narrow. On Tuesday
Heidelbach, Ickelheimer & Co. shipped $361,665 72
and C. Amslnck & Co. $99,064 73 in gold bars to
Bremen. The shipment was reported to have been in
response to orders and not directly as an exchange
operation. The Assay Office paid $966,920 28 for
domestic bullion. Gold received at the Custom House
duriDg the week, $121 66.
Nominal rates for exchange were uniformly quoted
at 4 85 for sixty day and 4 88 for sight. Rates for
actual business opened on Saturday of last week at an
advance of one-eighth of a cent for long and for cables,
compared with those on Friday, to 4 84-J04 84f for
the former and to 4 87f04 87-f for the latter; short
was unchanged at 4 87-J04 87E The business was
small, though the tone was firm. On Monday the
market was easy at a decline of one-quarter of a cent
for long, to 4 84^@4 84|, and of one-eighth of a cent
for short and for cables, to 4 8704 87-J for the former
and to 4 87^04 87f for the latter. On Tuesday busi
ness was light and the tone generally steady; the only
change was a fall of one-eighth of a cent in the asking
price for long, the quotation being 4 84|@4 84f. On
Wednesday long advanced one-eighth of a cent, to
4 84f@4 84^; short and cables were unchanged. On
Thursday the only alteration was a decline of oneeighth of a cent for cables, to 4 87f04 87£; long and
short were dull and steady. The tone was steady on
Friday. The following shows daily posted rates for
exchange by some of the leading drawers:
F m .,
MON., t u b s .. W * D „ T h u s ., F B I.,
Jan 17. J a n , 30. Jan. 31. Jan. 32, Jan. 38 Jan. 21
4 S3
4 88
485
488
485
488
435
4 88
485
483
4 85
488
L aiard F reres . . * {
; 485
4 38
M erchants’ Bk. (6 0 d a y s. 4 85
o f Canada....... ) S ig h t.... 488
B row n B r o s .......
Baring,
5 60 days.
M agonn A Co,. t S ig h t.,..
B a n * B ritish
(6 0 day*.
N o. Am erica.... \ S ig h t....
Bank o i
i 60 days.
M o n t r e a l....... 1 S ig h t-..
Canadian Bank f 60 days,
o f C om m erce., t S ig h t,...
H eidelba ch, Iok- (00 days,
slheim er A Co. ( S ig h t....
85
~ si
""is
88
88
88
85
88
85
85
85
88
86
88
88
86
88
88
85
85
86
%
85
i
85
88
85
88
88
85
85
88
88
85
15
88
88
88
88
88
BB
SS
85
85
85
85
85
88
88
88
88
. 85
85
85
88
85
88
88
88
88
85
85
85
88
85
88
88
85
88
85
85
85
88
88
88
88
86
88
85
85
88
The market closes at 4 84-f@4 84^ for long, 4 870
4 871 for short and 4 87f04 871 for cables. Com
mercial on banks 4 83|-04 84 and documents for pay
ment 4 831^4 841. Cotton for payment 4 83104 831,
cotton for acceptance 4 83104 84 and grain for
payment 4 8404 841.
The following gives the week's movements of
money to and from the interior by the New York
banks.
W eek S liding January £4,1902.
Hicsived by S him td by
JV. Y. Banks. N . Y . Banks,
N st Intsvisr
Morfsmsnt.
C urrency............................. ............ .
S o l d . . . . ...................................................
•7,619,000
1,821,000
*6,438,000
487,000
A fGti SQ not (VW1
Gain. 1.324,000
T otal gold and legal tenders.......
99,840,000
*6,988,000
Gain. *8,416.000
[Von. LXXIV.
With the Sub-Treasury operations and gold exports
the result is as follows.
Week finding J anuary 84,1902.
In t•
Banks.
Out of
Banks.
N it Ghana* M
Bank Boldinas.
Bank* in terior m ovem ent, a* a bov e
Sab-Treasury oper. and gold exports
19.840.000
34.600.000
*6,925,000
33,400,000
Gain. *8,416,000
G ain. 1,100,000
T o ta l gold and legal tender*.......
•88,840,000
*20,826,000
Gain. *1,516,000
The following table indicates the amount of bullion
in the principal European banks.
January 28, 1908.
January 24,1901.
Bank * /
Gold.
4
• n gla n d........ 85,953,843
fr a n c e ..........
08,128 506
G erm any,.. .* 30.820.000
a n ssla ..........
08.219.000
A.os.-Hnng’ y, 47.071.000
S p a in ___. . ..
14.029.000
Italy .............. 18,100 000
6,788,000
Netherlands.
Nat Belg n .* 8,160,087
Silvtf.
Total.
Gold.
SWt>«r.
Total,
X
A
85,069,848
142.024,106
48.607.000
74.438.000
68.610.000
31,463,000
18,162,600
12.052,600
4,741,000
A
82,897,096
08,821,435
28.650.000
71.482.000
38.386.000
14.001.000
16.528.000
5.018.000
2.986.000
A
A
32,897,096
137,787,690
43.268.000
77.528.000
48 4*7,000
30.483.000
17.381.000
10.611.000
4,479,000
43.900.000
15.877.000
0,184,000
11.530.000
17.489.000
2,002,500
6,819 600
1,680 883
43,906,161
14.708.000
6,106,000
10.062.000
16,482,000
1.863.000
5.593.000
1.498.000
rot.this week 819,218,010 104901033 424,146 949 301,988,631 100233161 402,191,692
T ot, nrev. w’ k 3 15,504,907 103546680 419,030,677 801.176,492 09,107,947 400,373,439
* The 41vlilon (between gold and silver) given In onr table or coin
and bullion In the Ban* of Germany and the Bank of Belgium le made
from the best estimate we are able to obtain; In neither ease Is 1*
claimed to be accurate, as those banks make no distinction In their
weekly returns, merely reporting the total gold and sliver, but w®
believe the division we make Is a close approximation.
EUROPEAN FRIENDLINESS FOR AMERICA*
The present rather singular competition among the
various foreign Powers to give public evidence of their
good-will towards the United States may, in some
eyes, contrast oddly with the attitude which, a year
ago, the Ministers of these States appeared to have as
sumed. We imagine, however, that in large measure
the one attitude is a consequence of the other. By
this we mean that the mere utterance, in the French
and Austrian Parliaments, of the suggestions of hostile
European combinations against the “ American peril,''"
was enough to demonstrate their own futility. There
never was any really serious expectation of a European
trade alliance against America. Had such a move
been practicable of itself, there was no evidence that
the people of the European States desired it, and no
very long discussion of the plan was needed to show
that it was intrinsically impossible. The truth very
soon became manifest that, if a European Government
were to begin a “ tariff war,” the United States wonld
not be the only rival trade Power to be embroiled.
Not only this, but the very useful fact began to be
appreciated that the Power beginning the struggle
might be injured quite as much as its expected victim,
with the added disadvantage of having lost the good
will of a possibly useful neighbor.
The natural upshot of such conclusions and discov
eries would be a hurried movement by each State to
gain the good graces of the State in question, and
this is the interesting process which we are now wit
nessing. The German Emperor, always fertile in ex
pedients, is in a way responsible for its beginning.
We suspect the movement would have come to pass
without his initiative ; but the very boldness and
originality of his plan seems to have startled the other
Powers into action on their own account. We have
often had occasion to point out that, in these‘ days, it
is really the people who make war; that all the
manoeuvres of designing statesmanship and all the
mis steps of blundering government are without
avail until the popular passion is aroused. Nobody
looked for war, a month or two ago, between^ France
and Turkey, though the French Ambassador at/fhe
January 25, 1902.]
THE CHRONICLE.
1V
Porte was formally recalled . The French people were with German officers at Manila resulted from bung
really not In the least interested. On the other hand, the ling by irresponsible subordinates, and that Austria’s
really conscientious efforts of our own Administration attitude towards intervention was really imposed upon
of 1898 to preserve the peace with Spain were swept that State by the duties of blood-relationship with the
away by what now seems to have been a popular de unlucky Spanish dynasty.
All these matters are of small account compared
termination for war.
But the oonverse of this principle is quite as true, with the present situation, in which a sort of general
and the main interest in the present testimonials of competition is in progress to prove that each of the
European good-will to America lies in the fact that several governments has not only been the friend of
they are really addressed to the people. The plan of America, but its best friend. Genuine profit will be
Emperor William shows a rather keen insight into the found in accepting each assurance in the spirit in
nature of Americans. A visit of the Czar to Paris is which it is now put forth. In itself the incident
hailed with delight by the French people, not alone or seems to us quite unique. We can recall nothing
chiefly because of the compliment from royalty to the parallel, all the circumstances considered, in diplo
republic, but because, rightly or wrongly, it is accepted matic history. For ourselves, we regard the situation
as evidence that Russia is an ally who will help when as a rare tribute to what has been sometimes reproach
the imagined inevitable struggle with other Powers fully described as America’s “ policy of isolation.”
comes. There is no suggestion of the kind in Prince In other words, we have shown plainly that with
Henry's visit to the United States; it is simply a piece all our demonstrated commercial aggressiveness and
of cordiality. The very trivialty of the object for naval prowess, we are not in the least disposed to
which the Emperor's brother ostensibly comes—to meddle in Europe's manifold diplomatic entangle
witness the launching of a private yacht built in Amer ments ; we have demonstrated that we have no ambi
ica—gives a flavor of easy-going good-heartedness. tious to gratify in that direction ; and for those very
Speeches made this week on the floor of the German reasons the moral influence of this country when its
Reichstag have drawn attention to the political aspects Q'-'^nment does speak—as in the Chinese affair—is
of the visit. But the American people have thus far <? g highest order. Nowhere has disinterested sin
received the news in quite another spirit, and indeed, cerity, in a powerful quarter, greater weight than in
on the mere face of things, it has no more to do with modern diplomacy, and there is no foreign nation in
diplomacy and politics than the occasional visits of Sir whose behalf circumstances may not sometime here
Thomas Lipton.
after make our straightforward good offices valuable.
This is certainly an exceedingly tactful move and
one which shows no little knowledge of the American
THE LEH IG H V A L L E Y REPORT.
character. It put an instant and significant quietus
The annual report of the Lehigh Valley Railroad
on the desultory conjecture, already bandied about in
some of thepiewspapers, as to whether Germany and Company for the fiscal year ending November 30 1901
the United States might not come into serious col discloses many features of a highly encouraging char
lision through Germany's efforts to enforce certain in acter. The results are decidedly notable in a number
demnity claims in Venezuela. With the other Eu of important particulars—notable for instance in the
ropean governments the effect of the incident was further great improvement established in revenue and
immediate, and its results so odd as to make up what notable also in the evidence furnished of the growing
we regard as a really unique chapter in international efficiency which is being attained in the operating
history. Hardly was the ink dry on the German Gov results and of the economical and satisfactory meth
ernment's announcement than the various European ods pursued in the administration of the property.
States outside of Germany began to file their claims— The showing is in every way a creditable one, and is a
to use a legal metaphor—to the distinction of having vindication of the changed policy under which the
individually served to prevent interference by Europe property has been managed during the last few years.
with America's plans in the war of 1898. This expe The keynote of this policy has been that plant and
dient, though certainly not as original as Emperor equipment must be brought up to modern stand
William’s plan, had at least an equal merit in appeal ards, in order that the road might be able at once to
ing to popular sentiment in America. Beginning enlarge the volume of its business and to move such
with semi official intimations that Russia, and with traffic with profit and dispatch. It was part of this
Russia France, had blockaded the effort to unite policy that the money for that purpose must be pro
Europe in a demand for intervention, the controversy vided mainly out of earnings.
What has been accomplished in these particulars be
has finally come down to a formal statement in Par
liament by Lord Granborne for the British Foreign comes plainly manifest on a very brief study of the
Office that a decided attempt by the Continental Pow report. The conditions during the year were nearly
ers to apply united pressure to this country was upset all favorable to a large volume of traffic—trade and
by the flat refusal of the British Ministry to partici business all over the country was good, the Pan-Amer
ican Exposition at Buffalo added materially to the
pate.
It is not our purpose to debate the merits of these passenger receipts, while the anthracite coal tonnage
more or less conflicting claims. Until documentary was the largest on record, in part because production
evidence is accessible, it is sufficient to say that Great the previous year had been curtailed by the strike of
Britain's attitude from first to last was openly friendly the miners. As a consequence gross earnings, after
to this country, and that the Continental^Powers at all the noteworthy expansion of previous years, further
events made no actual unfriendly move. It has been considerably increased, the total rising from $23,jong since understood that the alleged hostility in 049,282 in 1899-1900 to $26,683,533 in 1900-1901.
Paris at the war's beginning was a mere ebullition of The further addition, it will be seen, was $3,resentment from holders of Spanish bonds, with whom 634,251, or almost 16 per cent. What particularly
the war was naturally unpopular; that the friction attracts attention, however, is that this large addi-
176
THE CHRONICLE
[V ol . LXXIV,
tional revenue was earned with an augmentation of 43 78 ptr cent of the aggregate, as against 48 42 per
only $827,454, or 4*30 per cent, in the expenses, leav cent in the earlier year, while on the other hand the
ing a gain in the net in the large sum of $2,806,797, percentage of revenue from the merchandise freight la
or 74 per cent. But even this does not tell the whole now 38*44 per cent as against but 34 52 in 1893-94, and
story, for analysis shows that $705,638 of the $827,454 theperoentage of passenger revenue 13 62 against L2T4.
It Is an interesting and a noteworthy faot that the
Increase in expenses was oaused by another enlarge
ment of the maintenance outlays and that cost of Lehigh Valley actually has a denser freight traffic at
transportation was heavier only by $136,511. No part the present time than the New York Central. The
of the gain in earnings came from increased rates, the notion prevails quite widely, even among those usually
average per ton of freight per mile having been pre well informed, that it is the local traffic which con
cisely the same in the two years—-namely, 6-42 mills— stitutes the main business of the Lehigh Valley. This
and the rate per passenger per mile having been only idea is not in aocord with the facts. The truth is,
1*749 cents, against 1*852 cents. Stated in brief, the the road’s business is made up largely of through
company moved 527 million more tons of freight one traffic and has to be taken at low average rates, show
mile and 48 million more passengers one mile at an ing the necessity of being able to move it cheaply. A
added cost in the expense of conducting transporta table in the report gives the local traffic for the late
tion of only $136,511—1*38 per cent.
year at 7,557,634 tons and the inter-line traffic at
There is a world of meaning in these results. They 12,247,990. Notwithstanding the relatively high
show that the company is beginning to reap the bene rates obtained on anthracite coal, the Lehigh Valley
fits of the large outlays made upon the property dur realized, as noted above, an average of only 5*42 mills
ing the last few years, and of the great care taken by per ton per mile on its coal and general freight in the
the management to handle traffic with the utmost late year. The New York Central fared better than
economy. As one evidence of the way in which trans that, its average per ton per mile in the year ending
portation expenses are being kept down, we may note June 30 1901 having been 5 8 mills. With this aver
that there was a further increase in the late year of age of 5*8 mills, the freight earnings of the Central
40 tons in the train-load, bringing the average up to averaged $12,304 per mile of road operated, while
the high figure of 467 tons. This is on the basis of those of the Lehigh Valley, on a freight rate of 5*42
revenue freight alone. Adding freight moved for the mills, averaged $14,930 per mile. The passenger
company's use, the average is raised to 487 tons. The earnings on the Central are, of course, much higher
train-load of the New York Central for the year than those of the Lehigh Valley. The latter’s heavier
ending June 30 1901 (including company freight) was freight revenues follow directly from the increased
reported as 411 tons. It is needless to say that except density of the traffic. The Central, in its fiscal year,
for the heavy expenditures upon roadbed and equip averaged 2,133,825 tons of revenue freight one mile
ment, such results as here shown for the Lehigh Val per mile of road—certainly a large figure—but the
corresponding average for the Lehigh Valley is
ley would have been impossible.
Another statement may safely be made: No such 2,752,981 ton miles per mile of road.
Notwithstanding the great increase established in
expansion in business as is recorded could have
occurred had not the management, through the ex the gross receipts and the increasing economy with
penditures made, put the road in condition to take which the property is being administered, the income
care of the same. The property as it existed a few statement of the Lehigh Valley is in one sense a dis
years ago was altogether too antiquated to handle appointment to the stockholders. After providing
profitably such a volume of business as is now being for expenses and fixed charges, the accounts of the
moved. It should not be forgotten that the efforts of railroad show a surplus balance on the operations of
the management have been directed to developing all the twelve months of only $574,612; the Lehigh Val
classes of traffic, and particularly towards making the ley Coal Company, on the other hand, shows a deficit
road less exclusively dependent upon anthracite coal of $491,576, the one therefore practically offsetting
than in the past. What has been accomplished in the other. Of course, this is a striking improvement
this direction is perhaps best shown by comparing the over the results of the years immediately preceding,
late year's earnings from the various classes of busi and particularly as compared with 1899-1900, when
ness with the corresponding items in 1894, as is done the combined companies netted a loss of nearly three
million dollars—$2,947,644. Still, it shows nothing
in the following.
:----- 1900-01---------.
-----1893-94.-------*
available
for distribution in the shape of dividends.
Amount.
P .O .o f
Amount. P .O .o f
It fol
Revenue from —
$
Total.
$
Total. Such an outcome, however, is not a surprise.
Coal traffic.......................... ...11,083,278
43-78
8,391,542
48-42 lows directly as a consequence of the company’s policy
Freight traffic...................... 10,255,961
38-44
5,982,858
34-52
Passengers.............................. 3,635,061
13-62
2,104,677
12-14 of making extensive improvements and charging the
Mail and express.......... .
432,616
1-62
262,591
1 52 same against earnings.
Miscellaneous..........................
676,618
2-54
588,926
3-40
In view of the importance of the matter, it is very
Total................................. 26,683,534 10000 17,330,594 100-00 desirable that this fact should be clearly understood.
Here we see marked growth in every direction and With this purpose in view we present the following
at the same time a better diversification of the income. table, showing the expenses for 1900-01 under the
The earnings from coal in the seven years have risen several heads as compared with the expenditures under
from $8,391,542 to $11,683,278 ; the revenue from the corresponding heads in 1893-94. We also show the
ordinary freight from $5,982,868 to $10,255,961, that percentage of each class to the gross earnings.
--------- 1900-01.-------- v ------- 1893-94.— —,
from passengers from $2,104,677 to $3,635,061, and
Amount.
P .O .of
Amount. P .O .o f
Or. Earn.
total earnings from $17,330,594 to 26,683,534. The Operating expentes—
$
Or. Earn.
$
Maintenance of way........ . . 4,499,633
16-86
1,702.978
9-83
increase for the seven years in the total, it will be Maintenance of equipment . 4,806,130 18 01 2,028.327 11-70
seen, has been considerably more than 50 per cent.
Total maintenance......... 9.805,763
34^87
3,7S 1,805
2153
transportation. 10,046,410
37-65
8.872.480
51-20
The coal earnings the late year, notwithstanding the Conducting
General expenses...............
717,703
2-69
8 S5
581,037
tonnage was the largest on record, constituted only
Grand total......................20,069,876
7621 13,184,822
76-03
January 25, 1902.]
THE
CHRONICLE.
Thus, while the ratio of total expenses to earnings
was not very greatly different in the two years, namely
75*21 per cent against 76*08 per cent, cost of conduct
ing transportation counted for only 37 65 per cent in
1900-01 as against 51*20 in 1893 94, illustrating the In
creased efficiency attained in operating. On the other
hand 34 87 of the gross earnings went for maintenance
account in the later year, as against but 21*53 per cent
in the earlier year. In amount, $9,305,763 was sot
aside for maintenance in 1900 01 against but $3,731,305
in 1893-94. This last figure was doubtless below the
amount required to keep the property in full repair.
The late year's outlays, it need hardly be said, were
far above the average. As an additional indication,
showing how very large these outlays were, we may
compare the percentages under each head with the
corresponding percentages of the New York Central
for the fiscal year ending June 30.
Lehigh
Valley.
Ratio o f expenses to gross earnings.
Percent.
Maintenance of way and structures.......................16 86
Maintenance of equipment................
18-01
New York
Central.
Percent.
11-90
11-91
Total maintenance..............................................34-87
Conducting transportation...................................... 37-65
General expenses.............................. ........................ 2-69
23-81
37-96
2-35
Grand total.......................................................... 75 21
64-12
Cost of conducting transportation, it will be seen,
was almost precisely the same on the Lehigh Valhy
as on the Central, being 37 65 per cent in the one
case and 37*96 per cent in the other, but the Lehigh
Valley appropriated 34*87 of its gross earnings to
maintenance, while the Central appropriated only
23*81 f er cent; yet the latter's outlays, as we showed
in reviewing its report, were on a very liberal scale.
Some of the stockholders object to going without a
return any longer, ard want the existing policy
changed. We have before us a letter from an
esteemed subscriber criticising the policy in that re
spect. Our corresponden contends that showing no
surplus earned depreciates the market value of the
shares and at the same time impairs the company's
credit. We think, however, that the facts are pretty
well understood in the Lehigh Valley case,and that even
though no dividends are paid it is everywhere recog
nized that the property is being steadily and rapidly
improve d and the intrinsic value of its securities cor
respondingly enhanced. We can personally testify to
the fact that the work which is being done is attract
ing wide and favorable comment, for visitors at our
office have referred to it time and again. That the
large expenditures which have been made upon the
property were absolutely necessary admits of no ques
tion, since up to within the last few years the prop
erty had been allowed to run down. That the money
for this purpose had to come from earnings is equally
beyond dispute. One reason waB that not enough
had been charged against earnings for renewals in the
earlier years, thus inviting decay which it has been
the aim of the new policy to avert. Another reason
was that the property, being quite heavily capitalized,
it was desirable to avoid adding to this capitalization.
Still another reason was that other roads had begun
to appropriate large amounts of money in this way
much earlier, apd the Lehigh Valley could not hope
to compete with them except by pursuing the same
course.
Obviously the policy of using surplus earnings might
be carried too far, in which case there would be just
grounds for complaint. But there seems no likeli
177
hood of thiB in the present instance-, for President
Walter expressly calls attention “ to the desirabllty
of securing additional capital to make the necessary
improvements to insure the permanent prosperity of
your company instead of relying exclusively on surplus
earnings.” It is true the management might have
given the income statement a more favorable look
by stating net earnings before deducting the im
provements, but this would have led to the impression
that there was something available for dividends,
when there really was not. The money has been
spent and the management frankly show that it has.
At the same time they leave no one in doubt as to
how it was spent. In our estimation the Lehigh
Valley is on the high road to prosperity.
A N TH R A C IT E COAL PRODUCTION I N 1901.
The statistics of anthracite coal production for
1901 show results just about as expected. The year
was in many respects a remarkable one, with a
record of prosperity which has rarely if ever been
equaled in the anthracite trade. The amount of
coal mined was, of course, the largest ever
reached—far in excess of the best previous year.
But what is particularly noteworthy is that prices
were at the same time well maintained.
Quotations for the year were fixed in the spring
circular issued April 1. This circular did not
differ from other spring circulars in quoting
lower prices for the spring and summer than
for the later months of the year, but the method
adopted was an entirely new one. Fixed prices were
named ($4 for broken, $4 25 for egg and $4 50 for
stove and nut for free burning white ash f. o. b. in
New York Harbor), and from these prices graded dis
counts were allowed, starting with 50 cents discount
for coal bought in April, and diminishing 10 cents
for each succeeding month thereafter, until on Sept. 1
the full circular price had to be paid with no dis
count allowance whatever. Moreover, these schedule
figures were rigidly maintained. Dealers were not
allowed to purchase at one month's prices and stipulate
for delivery the next month when prices were 10 cents
a ton higher. They had to pay the ruling quotation
at the time of the delivery of the coal. It is proper
to add that what are called the steam sizes—pea,
buckwheat and rice—were not included in the circu
lar, the companies being allowed to sell these in their
own way.
We should judge that as the result of this main
tenance of prices, the various companies must have
realized an average of 30 to 40 cents a ton more for
their coal than in the year preceding. The improve
ment followed from a variety of causes. Among these
causes prominence must necessarily be given to the
greater concentration of control among the different
mining and carrying companies, arising out of the
absorption at the close of 1900 of the Pennsylvania
Coal Company by the Erie, and the acquisition in Jan
uary 1901 of the Central of New Jersey by the Read
ing. But there were other equally potent influences
operating in the same direction. For instance, the
strike of the anthracite miners the latter part of 1900
left stocks at the beginning of 1901 everywhere at a
low point. These stocks had to be replenished. Again
cold weather and high winds in February, March and
April increased the ordinary domestic consumption
Thus the situation was that while coal was being
THE CHRONICLE
178
r-ained at an extraordinary rate, the demand was like•vise much above the ordinary.
it is an axiom in the anthracite trade'1
; that that
trade is usually the last to show the presence of in
dustrial prosperity, but that when the impulse is at
last felt the result is seen in a quick and very marked
oxpansion in output. The present experience has
proved no exception to the rule, the increase in 1901
having in fact been more striking than on previous
occasions by reason of the special circumstances above
enumerated. The shipments toniarket increased over
8 million tons, being 53,568,601 tons for 1901 against
15,107,486 tons for 1900 (when they were reduced by
th e
str ik e )
and
4 7 ,6 6 5 ,2 0 3 to n s
W e su b -
fo r 1 8 9 9 .
jo in th e y ea rly to ta ls b a c k to 1 8 7 3 .
Tons,
Veter.
1901................ .......... ...53,568,601
1 9 0 0 ...........
1 8 9 9 ........... ...............47,665,203
1898............. ...............41,899,751
1 8 9 7 .............. ............. 41,637,866
1896.............. . ............. 43,177,483
1895................ ............... 46,511,477
1894................ ...............41,391,200
1893................ ...............43,089,536
1 89 2................ ...............41,893,320
1891................ ...............40,448,336
........ ......35,855,174
1890........ .
............... 35,407,710
1 38 9..........
1 8 8 8 ............. ...............38,145,718
1887................ ............... 34,641,017
W e a dd
Tons.
Tear.
1886.............................
1885................... ......... ..31,623,529
1884............................. ..30,718,293
1883............................. ..31,793,027
..29,120,096
1882........................
1 8 8 1 ....,..................... ..28,500,017
1880............................. ..23,437,242
1879...... ...................... ..26,142,689
..17,605,262
1878................... .
1877............................. ..20,828,179
1876............................. ..18,501,011
1875............................. ..19,712,472
..20,145,121
1874........................
1873............................. ..21,227,952
th e fo llo w in g , sh o w in g
th e s h ip m e n ts th e
last four years by each of the principal interests.
,------ 1901.
------1900,P. C.
Tong.
Tms. P. C.
Reading.. ....... 10,671,007 20-48 9,338,517 20-70
Lehigh Valley. 8,810,343 15-51 6,909,444 15*32
Central N. J__ 8.100,037 11-50 5,309,856 11-77
Del. Lack. & W. 7.531,735 14-06 6,013,849 13-33
Del. & Hudson. 6,007,822 9-35 3,973,859 8-81
Pennsylv. BE . 5,647,125 10-54 5,169,917 11-46
r 2,090,153 4-64
Fennsyl.Coal. y
Brie...............( 5,841,593 lO'Sl2 1,741,069 3-88
( 1,333,848 2'95
N.Y.Sus.&W.)
N. Y. Ont. & W . 2,508,277 4-68 1,858,456 3-68
Del. Susq.Jt Seb. 1,590,862 2-97 1,568,488 3’48
------1899,------ ,
Ions. P. C.
9,683,503 20-32
7,587,932 15'92
5,392,530 11-31
6,372,401 13-37
4,132,459 8-67
5,159,102 10-82
2,347,081 4-92
1,949,876 4-09
1,454,374 3-05
1,891,478 3-97
1,694,467 3-56
------ 1898.------ .
Tons. P . C.
8,219,814 19-62
6,685,577 16-43
4,620,386 11-04
5,795,540 13-83
3,891,246 9-29
4,801,349 11-46
1,854,516 4-43
1,596,639 3-81
1,301,76$ 3-11
1,371,592 3-27
1,555,429 S-71
Total.......... 53,568,601 100-0 45,107,486 100-0 47,665,203 lOO'O 41,899,751 lOO'O
It remains to add that tidewater stocks January 1
1902 were 415,757 tons. We do not know what was
the total of these stocks a year ago, though pre
sumably the amount then was practically nil.
January 1 1900 they were 350,965 tons and on
January 1 1899 the amount was 706,659 tons.
MAILROAD GROSS AND NET EARNINGS.
[V
ol.
Lxxrv.
We need hardly say that the present gain follows
successive increases in the same month of previous
years, la 1900 the additions were not specially large,
being $3,041,065 or 3*28 per cent in gross and $648,708 or 1-90 per cent in net, but in 1899 the amounts
of gains were noteworthy and in 1897 they were still
more so.
The following shows the totals back to
1896.
N um ber
of roads.
November
1898 (131)
1897 (130)
1898 (185)
1899 (126)
1900 (138)
1001 (118)
J an .1 to
Nov 30
1808 (123,
1807 (128)
1898 (135)
1899 (117)
1900 (126.
1001 (103)
Net Burnings.
Gross S a m in g s
Fear and
Tear
Given.
Fear
Increase or
Preceding.
Decrease.
1
t
57,217.256 03,896,707
78,828,891 06,607,471
88.760.407 80,767,691
78,080,088 70,279,011
05,800,408 02,019,808
118,490,368 100,079,105
-6,078,451
811,821,496
+3,902,81!+7,704,064
+3,041,006
1-12,811.103
588,028,418 681,186,137
0)2,918,014 034,670,039
170,802,156 724,073,071
728,148,631 668.316.3S8
122,835,085 816,267,071
1060374098 918,002,863
+2,438,3)0
+-88,842,914
+-62,819,877
+-09,833,241
+77,507,954
1-10727204“
t
Tear
Given.
*
19,608.027
28,391,807
30,149,878
28,571,239
84,871,728
41,833,275
Fear
Preceding.
In crease or
D ecrea se.
*
t
22,879,8832,525,740
29,395,487
25,936,073
34,223, OSt'
80,584,121
—8,873,801
+5,800,001
+764,801
+2,035,200
+048,708
+6,849,152
181,067,008 185,000,390 -3,932,728
218,082,903 194,301,569 428,091,344
'49,043,488 230,300,016 +19,283,472
245,950,073 217,052,298 +28,904,876
305,355,888 282,867,918 +22,997,948
182,140,173 813,039,982 +49,110,191
Among the separate roads this year's increases are
large and they are also numerous. We show below
the changes, whether gains or losses, where they ex
ceed $30,000. The losses on that basis, it will be
observed, are few, and come from roads which have
suffered from some special circumstance, such as the
crop shortage in the [Southwest or (in the case of the
net) where the expenses for the moment are running
above the average.
PRINCIPAL CHANGES IN
GROSS
In creases.
Northern Paoilio...
$ 1 ,177,569
Pennsylvania!.......
1 ,1 5 8 ,4 0 0
834,723
Canadian Pacific...
75 6 ,4 3 4
Southern P acific...
Reading....................
694 ,1 8 6
6 60,484
Atoh. Top. & Santa Fe
630,479
Chic. Burl. & Quincy.
Union Paoiflo...............
608,984
Baltimore & Ohio___
453,901
418 ,7 6 2
Missouri Pacific..........
Ohio. Mil. & St. Paul.
3 89,133
St. Louis & San Fran.
38 1 ,7 7 6
3 75,696
Erie...............................
35 2 .9 2 2
Ohio. R. I. & Paoiflo..
84 2 ,5 2 6
Illinois Central...........
2 88,925
Louisville & Nashville
28 6 ,0 2 9
Minn. St. P. & S. Ste. M
W a b a s h ...................
20 7 ,9 8 9
2 07,069
Southern R a ilw a y ..
1 45,932
Choc. O klahom a* Gulf
133,542
Central of Georgia.
132 ,7 8 0
Central of New Jersey
122,576
Norfolk & W estern.. .
C hesapeake* O hio..
103,532
Grand Trunk...............
92,952
Chloago & A lto n ........
92 ,5 2 6
90,241
Chic. Great Western.
88,906
Kan. City Southern.
Yazoo <fc Miss. Valley
86,480
Buff. Boch. & Pitteb’rg
84,708
EARNINGS IN
NOVEMBER.
Increases.
Cin. New O. & T e x .P ..
Pere M arquette............
Nash. Chatt. & St. L ..
Colorado & Southern.
Mexican lnternat’1 ...
Mexican Central..........
Sav. Fla. & W estern ..
Burl. Ced. Rap. & Nor.
Seaboard Air Line___
Hocking Valley.............
Chicago & East 111___
Wisconsin Central___
Mo. Kans. & T e x a s ...
A tlantic Coast L ine.. .
Chicago Ind.& Louisv.
Minn. & St. Louis........
N. Y . Ont. & Western.
Iowa C en tra l................
Wheeling & L. Erie___
Toledo & Ohio Cent...
$ 7 9 ,9 1 4
78,2 9 6
7 7 ,4 8 0
75,1 5 4
72 ,9 1 3
65,866
65,765
65,699
64,7 0 8
62 ,1 4 4
58,5 6 9
51,9 1 0
50,868
47,0 9 9
43,3 1 0
42 ,9 7 2
4 1 ,0 5 7
40,8 1 3
32,9 6 3
3 2,352
Total {representing
60 roads)............ *1 2 ,5 5 0 ,0 1 4
g ftta
St.L ouis Southw est... '
Grand Trunk Western
San Ant. & Ar. P a s s ..
$6 2 ,9 9 6
37,473
36,9 7 0
Total (representing
J a r monthly compilations of railroad earnings are
3 r o a d s ) .,. .. .. .. .
$1 3 7 ,4 3 9
all alike in the uniformly favorable character of the
t Covers lines directly operated east and W est of Pittsburg and Erie.
comparisons which they reveal, the only variations The gross on Eastern lines increased $ 2 8 5 ,0 0 0 and the gross on
Western lines increased $ 8 7 3 ,4 0 0 .
being in the extent of the improvement. Some of the
PRINCIPAL CHANGES IN NET EARNINGS IN NOVEMBER.
separate roads may occasionally fall behind, but col
Increases.
Increase*.
$6 2 5 ,5 7 1 Sav. Fla. & W estern ..
Pacific. . .
$5 6 ,3 5 8
lectively the totals keep rising higher and still higher. Northern
5 35,035 Buffalo Roch. & Pitts..
Union Paoiflo......... .
5 4 .2 9 6
Atoh. Top. & Santa Fe
4 9 ,3 3 6
418 ,2 2 4 Ft. W orth & Denv. C..
The figures we present below furnish testimony to the Canadian
3 75,330 Kansas City Southern
49,121
Paoiflo.. . . .
P a c ific .....
3 57,933 Chicago & Eastern 111,
4 8 ,4 3 0
truth of these remarks. They cover the month of Southern
825,749
Colorado
&
Southern.
37,8 5 9
Chic. Burl. & Quincy .
319,500
32,1 3 2
Duluth
So.
Sh.
&
A
t
l..
Pennsylvania
t
-----.
.
.
November and show for the roads reporting $12,811,- Baltimore & O h io ....
3 1 8 ,0 4 8 Nash. Chat. & St. Louis
30,901
2 52,805
St. P .& S .S te .M
163 or 12*72 per cent gain in gross and $5,349,152 or Minn.
Total (representing
208,901
St. Louis & San Fran
40 roads).............. $5,51 7 ,9 1 6
182,808
e a d i n g ..............
14*64 per cent gain in net. The conditions prevailing- R
K ri0
D ecreases.
1 82,125
1 68,202 8t. Louis Southw est...
$ 1 3 2 ,4 4 0
in that month are, of course, well known. Trade was CenL of New Jersey.
155,155 Oleve.Cln.Ohic. & S t.L .
117,008
W abash ................ .
12
3
,2
6
4
61,771
Seaboard
Air
L
in
e
...
Mexican National........
active and in addition the roads in the Northwest had
60,3 0 0
120,887 Northern Central........
Missouri Paeifio..........
59,623
119,344 Pere Marquette............
th e advantage of a greatly increased movement of Illinois Central___ _
91,5 46 Mexican Central..........
40,761
Ohio. R. I. & Pacific.
spring wheat. Except in the Southwest, the cotton Burl. Cd. Rap. & No.
90,3 0 8
68,016
Total (representing
Ohio. Mil. & St. Paul,
movement was also heavier than in the previous Norfolk & W e stern .. .
$471,903
63.417
6 roads)............. .
57,315
Southern R a ilw a y ...
year.
t covers lines directly operated east and west of Pittsburg and Erie,
1 to November 30.
(103 roads.)
November.
(113 roads.)
190L
1000.
l
*
Gross eam’s 113,490,868 100,679,196
Oper. exp... 71,607,083 84,146,078
Net earn’e 41,883,276 36,534,123
J an u ary
Increase.
1901.
1900.
Increase.
t
«
$
f
12,8U,16f 1060274898 948,002,858 107,272,048
7,402,01) 088,184,628 829,972,671 68,101,858
5,349,168 182,140,178 313,029,982 49,110,191
The net on Eastern lines decreased $ 1 6 ,8 0 0 and the net on Western
lines increased $ 3 3 6 ,3 0 0
It testifies to
that when the
group outside
gross and net.
form .
the general nature of the improvement
roads are arranged in groups every
the Mexican records a gain in both
Here is our statement in the ]usual
THE CHRONICLE
J a n u a r y 25, 1002.]
SUMMARY BY GROUPS.
Smotion or
Gr o u p .
November.
Trunk lines.(13)
Anthra. coal (5)
Bust. & M ill.(17)
Mid. W est’n.GOl
Northwest’n(12)
Southwestern &
South Puc.(20)
North Pacific (4)
Southern ...(23)
Mexican.........(3)
Net Earnings.
Gross Earnings.
1001.
1900.
1901.
-1900.
Inc. or Use.
$
»
28,786.606 24.401,740
7,073,181
7,1166,224
2,932,018 a,: 00,647
7,702,013 0,830,274
14,481,086 12,488,402
*
0,128,809
2,401,110
1,101,363
2,883,517
6,168,078
1
8,204,467
2,013,803
1,088,050
2,226,048
4,228,727
28,950,820 21,809,041
0,920,622
12,647,250
14,834,147 13,183,602
2.5S0.971
2,686,786
9.610,142
6,119,428
5,175,470
904,367
8,416,628 +1.100,610 13C8
4.675 007 + 1,548,810 33-74
4,700,171
+489,2( »
9-97
1.013,737
—109,870 10 70
Total (H S r’ds) 118,490,358 100,079,195
Jan. 1 to N ov. 80
Trunk lines.(12) 276,577,748
Ant hr. ooal..( 6) 78,683,219
East. A M id.(15) 32,270,704
Mid. W est’n.(16) 79,081,929
Northwest’n (11) 146,665,095
Southwestern &
South Pac.(16) 162,806,849
North Pacified) 111,764,849
Southern....(21) 144,611,400
M exican....... (3) 28,226,816
41,838,276 36,684,128
P . O.
*
+869,842 10+0
+•887,228 19 23
+12,408
1 14
+156,560
7‘08
+920,861 21-98
+6,840,152
14 04
261,228,431
67,019,722
80,084,376
72,024,031
133,6:0,913
01,186,S92 77,494,272
21,670,672 16,868,128
11,288,682 10,162,476
26,080,979 21,787,086
61,219,648 46,685,060
120,649,677
98,778,101
132,650,790
27,940 614
67.180,790 40,946,972 +10,234,818 21-80
49,025,816 42,527,027 +8,497.080 16-28
45,846,366 42.398,712 +8,462,644
8-14
9,193,593 10,206,064 -1,008,471 10-41
+13,042,120 17-00
+6,702,449 85-94
+ 1,121,060 1103
+8,948,898 18-14
+5,638,998 12-24
Total (103 r’ds) 1050274696 943,002,053 362,140,178 318,029,982 +49,110,191
16-09
OUR BANKING SYSTEM AND ITS
IMPRO VEMENT.
The following communication from Mr. William
Fowler of London, England, was received the latter
part of December, but we have found it impossible
hitherto to make room for it. Mr. Fowler is a man of
authority, well versed in the principles of banking,
and while in Parliament under Gladstone framed the
present Bankrupt Act of Great Britain, which is
thought to be one of the best in existence.
T o th e E d i t o r :
Sin—I have just read with much interest “ The Bankers’ &
Trust Supplement to the Chronicle,” and I should like to
make a few observations which may, perhaps, interest your
readers, as coming from one who has been familiar with the
London money market for the last forty five years.
Nothing, perhaps, is more remarkable in the discussions
which you report than the chorus of rejoicing over the won
derful prosperity of the country in all directions. Milwaukee
is as cheerful as San Francisco or Philadelphia; and the
South is not far behind, if at all.
But in the midst of all this mutual admiration there is a
note of warning as to the want of any “ system” of banking,
and as to the defects of your laws as to currency. Mr. Stickney is, I believe, perfectly right as to the danger of isolation
of banks, and as to the bad effects of a law which, prac
tically, so much hinders free banking. He contrasts with
great force our experience in England, Scotland and Canada
with yours. He contends that you ought to have a central
bank and an issue of notes dependent, not on Government,
nor on Government bonds, but on the bank, and its capital
and securities, and, I presume, on a due proportion of gold.
I concur with him, and I should like to suggest some points
which may perhaps assist some of your readers in preparing
for radical changes.
A s I understand the discussion, there seem to be two points
in your law as to which there is a common feeling in favor
of a change: (1) A s to your currency and freedom in bank
ing, and (2) as to the lock-up of capital in the hands of the
Treasury.
The two things hang together, and really, I suppose, sprang
from a common cause. The greenbacks were issued as a
means of raising money during your Civil W a r, and the
national banks were created in order to provide a market for
U . S. bonds at a time when the country was too much
crushed to subscribe freely for them in the ordinary way. A t
the same time it was natural that the Government should
hold on to whatever money came to their hands, for there
was no central bank, and the Government were the guar
antors of the currency, which they had created and were
bound to protect.
Now, however, all is changed. You have the power, if
you have the will, tocreate a Central Bank which could deal
at once with both difficulties, by creating a new legal tender
17 »
currency amply secured, and by providing a safe place of de
posit for the surplus cash of the Governiu&nt, so that it in ay
no longer be locked up in the Treasury of the nation.
It occurs to me that you might take a lesson from our ex
perience, and, in order to illustrate my meaning, f w li
briefly state the character of our Bank and the nature of its
relations to Government.
The Bank of England has two departments under the same
roof, but separated by law. The “ Issue Department” only
issues bank notes on securities defined by statute. Taking
the 6th of November, this year, there were issued £50,668,050 notes, secured by £11,015,100 of a debt due by Govern
ment to the Bank, £6,759,900 of “ other securities” and £32,893,050 of “ gold coin and bullion” held by the issue depart
ment of the Bank. No new note can be issued without the
deposit of an equivalent amount of gold in coin or bullion,
nor can any gold leave this department except on cancell&r
tion of a note or notes.
On the other hand, the “ Banking Department” cannot
make a note, nor can it take a single note, nor any gold, from
the Issue Department, except as others can who have noth
ing to do with the bank. The Bank, as a bank, receives
notes and cash from Government and other customers, and
on the same day (November 6) it owed in “ Government de
posits” £7,621,560, in deposits from other customers £41,951,753, in “ Rest” £3,150,948, in “ Seven-day and other bills’
£166,646, and in “ Proprietors’ Capital” £14,553,000, or in ah'
£67,443,907; and on the other side it held “ Government se
curities” £17,522,736, in “ other securities” (i. e., loans, bills
of exchange, & c.,) £26,821,506, in bank notes £20,809,065 and
in gold and silver coin £2,290,600.
To make this clear I append the statement as advertised:
(Extracted fro m
“ London lim es ” ofSth Nov., igoi.)
B A N K OF E N G L A N D .
An account pursuant to the Act 7 and 8 Viet., cap. 32, for the week
ended on Wednesday, November 6 th, 1901:
I ssu e D e p a r t m e n t .
Notes Issued........... .£50,668,050 Govt. Debt................£11,015,100
Other Securities....... 6,759,900
Gold Coin & Bullion.. 32,893,050
£50,668,050
£50,668,050
B a n k in g D e p a r t m e n t .
Proprietors’ Capital.. £ 14,553,000
Rest.........................
3,150,948
'Public Deposits....... 7,621,560
Other Deposits.......... 41,951,753
Seven-day and other
Bins......................
166,646
Govt. Securities.......£17,522,736
Other Securities....... 26,821,506
Notes........................ 20,809,065
Gold and Silver Coin. 2,290,600
£67,443,907
£67,443,907
'Including Exchequer, Savings Banks, Commissioners of National
Debt and Dividend Accounts.
Nov. 7.
H. G. BOWEN, C h i e f C a s h ie r .
The position of the Bank was on this day very “ strong,”
for against £49,739,959 of deposits and its short bills it held
£23,099,665 in cash, besides excellent securities for £44,344,242. But it has not always been so situated. There have
been times when the Bank, as a bank, had practically no re
serve in its banking department, while as an issuer of notes
it had ample securities and cash to cover the notes, but those
securities and that cash were not available for the help of th e
Bank as a banker, as already explained. This state of things
existed in 1847, in 1857 and in 1866. In each of those years a
panic arose and Government authorized the Bank to issue on
approved securities, at a high rate of interest, notes not se
cured by gold, but by the credit of the Bank, and at once, on
the publication of the authority, the panic disappeared as it
were by magic and confidence was restored, so that m en
once more trusted one another.
In my opinion, our law requires amendment after the
model of the German Bank Law , so that the Bank should
have power to issue, in case of alarm, beyond the gold lim it
at some fixed and high rate of interest. I am confident that
if men once knew that money could be got at a price, there
would be no panic. So we have seen lately that during a
long-continued anxiety in Germany there has been no panic.
In England, in the years mentioned, there was panic in
consequence of the fixed limit of issue without, I believe, ae
much excuse as in recent years in Germany. On 31st Dec*
1900 The Imperial Bank of Germany had issued £17,795,871
in excess of the amount of uncovered bank-notes permitted
by law, but on the seventh of the same month this excess
had only been £110,585, a contrast which seems to be very
instructive.
180
THE
G H K O N IO L K .
fV ou LXX1V.
The hard and fast rale about loans by banks in your law created and maintained by the banks, and Mr. Stickney
appears to me to be a great defect. Nothing does more mis seems to have much the same opinion as to the influence of
chief than these fixed limits which are supposed to protect, banks in the development of Canada. The power of obtain
but which r.-ally injure finance, because they create alarm ing moderate sums of capital on personal security is vital in
just when alarm should, by every possible means, be averted. many districts, and even England is not so well “ banked” as
Even now we see threateniugs of anxiety from time to time is Scotland.:}:
as to the New Y ork banks.
France offers another illustration of the utility of widely
i venture, following the thought of Mr. Btickney, to sug diffused banking accommodation, although France is said to
gest that your Government should receive power from Con have few banks other than branches of the great Banks, out
gress to establish a great central bank, with ample capital, side Paris. The Bank of France has 392 branches and
and with power to issue legal tender notes on security of its agencies, scattered over the country. The following partic
capital, and Government securities up to a given figure; all ulars taken from the Report of the B ank of France for 1900
notes beyond that figure being issued on gold, so that may be of interest. On the renewal of the charter in 1897,
the total notes issued will vary as if all were issued on the Bank was required to take bills as low in amount as four
gold.*
shillings, say a dollar, and in 1899 the Bank took 208,600 bills
Government might deposit its cash ami revenues with such below two dollars each. In 1900 the Bank took 69,400 bills
a bank, keeping only a moderate working capital, as is done below two dollars, 2,328,300 below two dollars, 2,328,300
by our Government. Thus, all these excessive accum ula below four pounds, or twenty dollars, and 3,701,200 bills
tions in the Treasury would disappear, and the money so paid above four pounds.
in would be in the hands of a bank, and would assist the
The Bank and its branches in 1900 discounted 16,784,993
bills for £489,902,220 (say $2,449,511,100).
commerce of the nation.
The same bank should give their notes to the holders of
The average amount of each bill was £29 3s. 3d. (say §146).
greenbacks and gold and silver certificates, so that no one Of the Paris bills 88 per cent were below £4 (twenty dollars)
should lose by the transition*from one system to another, the each.
notes of the bank being legal tender and amply secured,
The average amount of advances was £19,684,000 ($98,420,though no longer having a guaranty of Government.
000), and the number of advances between 50 dollars and 100
Such a bank would conduct the business of Government was on January 1 1901 6,654.
and any other business, and would probably hold the
The note circulation of the Bank was large, being on Janu
reserve of other banks, just as the Bank of England does ary 31 1901 £177,834,653 ($886,173,265).
These figures show how useful the operations of a great
here, f
Of course there would be some rivalry and friction, as bank may be when allowed to act freely and to open
such a bank m ight take business from existing banks. I see branches without hindrance.
no reason for interfering with the national banks or with
The Credit Lyonnais also does a very active banking busi
their circulation. If it be true that this business of circula
ness in Franoe and elsewhere.
tion does not pay them well at the present price of Govern
It has a paid-up capital of £10,000,000 sterling, and had on
ment bonds, it might be easy to arrange for the gradual lapse its books in December 1900 accounts to the number of 263,of these issues, just as in England the issues of most of the 768, and, like its great rival, it does a very large business
private banks have lapsed from failures^ or amalgamations. with very small people. This great bank has 157 offices in
On the other hand, I do not see why national banks should France outside of Paris and 33 in Paris, besides 19 offices in'
not open branches. I f the central bank is to be free as to London and other foreign cities.
opening branches, so should other banks be. Many of the
It would seem that in no country in the world is small
modern national banks would seem to be too small for such commerce so much assisted by banking facilities as in France.
operations; but it would be difficult to lay down a legal limit. The banks of the United Kingdom do much for the people,
The limit m ight, I think, be left to the prudence of their but they do not attempt all that the French banks actually
managers.
do. Apparently, in the United States you have many banks
I have assumed that there will be such a prospect of profit and poor banking accommodation for humble people, but in
as to make it easy to establish such a bank. Probably G o v a country with few banks but many branches small men get
ernment would ask to share in the profits, as it does in E n g plentiful help at very moderate rates of interest. Y ou accum
land, and In France and Germany. I have the impression ulate great masses of money in Eastern banks, and they often
that the “ United States Bank ” would very soon be one of the get a poor return from it, whereas much of this money might
most important and profitable in the world.
be lent with safety and profit in the W est were those banks,
It may be useful here to remark on the freedom which is like those of Canada and the United Kingdom , allowed to
necessary for successful banking, according to our notions. establish branches which, would offer discounts and loans at
Banking in the United Kingdom is free, except as to the issue reasonable rates,§
of notes. The Government does not interfere, except to se
} It may be Interesting to mention the number of bank offices in the
cure the goodness of the note. A n y one can set up a bank
United Kingdom, according to the last returns:
anywhere. The only difficulty is to get customers ; and, in
England and Wales—
.4,540 Ireland .......................... 663
------fact, in the United Kingdom the foundation of a new bank Isle of Man.......... ................ 18
Scotland............... .......... 1,071
Total............................. 6,292
is a rare event. Here we touch on a point of the greatest
The banking deposits outside the Bank of England (and not includ
importance. N ew banks are not.founded, but new branches ing deposits in savings hanks) were in May 1899 £ 693,077,751 (say
of great banks are being continually established, to the great in dollars $3,465,388,375).
According to the estimate of the Editor of the “ Bankers’ Magazine,”
convenience and benefit of the people at large. Complaints
are numerous as to the want of accommodation in the re the number of banks of all kinds in the United States in 1899 was
12,804, holding deposits of abont £1,502,791,000 and making loans
moter parts of the United States for small traders who do and discounts to an amount [of £1,150,293,000. (See No, for August
not happen to have accounts with any strong national bank, 1901.)
I have not included our Savings Banks in my remarks, because they
there being no branches of the great banks scattered over
are not conducted as a bank in the proper sense. The money they
the country.
hold is not employed as an ordinary bank would employ it, but is in
If by way of contrast you step across to Canada, or if you
vested in Government securities: On November 16 1901 the deposits
inquire as to the condition of Scotland, you find countries in onr Savings Banks amounted to £191,490,809.
with severe climates, where agriculture has made great prog
5 Banks abound in your oountry, but they are isolated. For exam
ress in spite of many obstacles, owing largely to the liberal ple: Iowa (Report, p. 89) has 222 National banks, 220 State banks and
conduct of the branoh banks. It is hardly too much to say 268 Savings banks, besides private banks; and Pennsylvania (p. 941
that the agriculture of Scotland has been to a great extent has 525 National hanks, and has established SO new bank* since the
Aot of 14th March 1900 came into foroe.
*It would, take too long to set forth, the reasons for the limit chosen
According to the official returns there were 3,871 National banks
toy Sir R. Peel, in 1844, for Issue of notes not oovered by gold. America scattered over the United States in 1900, and the number increases
can settle her own limit, and at a much higher figure than that which continually; but those recently formed have very small capitals and
suited England in 1844.
very little power.
It is ourious that while the circulation of the United Kingdom per
f Whether the proposed Bank should, like ours, have one depart
ment for issue and one for ordinary hanking Is a question as to which head has hardly increased since 1844, the circulation of the United
an English opinion might seem impertinent. I venture to think that States has continually increased. In 1860 it was $13 85 per head of
our system is the best, provided, as in Germany, powers are given to the population, hut in 1900 it was $26 50 per head of population,
I which had greatly increased (see Report of Controller of the Cur
provide for extra issue in troubled times.
J anuary
35, 1003.]
THE CHRONICLE.
No doubt the constant movement of your population is an
obstacle to Bmall transactions on credit, as pointed out in
this report, but with so much wealth in your country it
seems strange to read the remarks of Mr. E. J. Parker of
Qnincy in Illinois (p. 108). After referring to the position of
small borrowers in France, he says : “ every day almost we
witness the hardship to the small borrower, knowing full
well that he is paying from ten to forty per cent to the
chattel mortgage lender.” He also suggests that the ease of
borrowing by small men in France may be one cause of the
stationary character of her people; and he goes on to say—
“ I simply throw out the suggestion that we ought in some
way * * * to put a check on these usurious rates of
interest and hardships suffered by the working-man and
other men who are compelled to borrow small sums on mort
gages.
It is impossible for an Englishman to estimate ihe value of
these remarks, but it seems to confirm a statement often
made that small men in America have to pay dear for loans
or discounts. A change of system would, I believe, greatly
extend banking business, and would help the people, both directly and indirectly, by helping the Government.
I venture, therefore, with all deference, to ask the atten
tion of your citizens to this important subject, and to the re
marks of Mr. Secretary Gage in his report. He feels, as
many here feel, that all classes of your people are deeply in
terested in procuring a law which shall give them the full
benefit of the power possessed by the nation.
In a letter one can give only hints and outlines, and many
points of importance cannot be noticed. I desire to apologize
for inevitable omissions and to express a hope that nothing
will prevent the consideration of the main question— whether
the time may not have arrived when a serious reform of
your arrangements as to currency and banking may be pos
sible and expedient. Imitation of our system m ay not suit
your needs. There may also be many objections which do
not occur to an Englishman. The description of what has
suited us for so long a period m ay, I hope, be of use as well
as interest to those who conduct your great banking indus
try.
I remain,
Yours faithfully,
December 1901.
W IL L IA M F O W L E R .
P. S .— Since the above was written I have seen the report
of Mr. Secretary Gage on the finances of the United States,
and his very interesting remarks on banking.
He detests the isolation of banks, and evidently approves
of the plan of having large central banks “ with multiplied
branches.” But this plan, he says, “ offends the common in
stincts of our people,” and is “ impossible” — why, or how, he
does not clearly tell us. W hat he says seems to mean that,
in your great country, prejudice is too strong for reason in
banking affairs.
But he suggests a scheme which is far from clearly ex
plained, and which amounts to the establishment of a sort of
“ representative ” bank, formed by means of capital sent by
other banks, with some powers not defined over other banks1
but having no customers except banks and Government,
How such a bank could pay, I d o not see.
rency). In 1860 the public circulation was $435,000,000 and in 1900
$2,062,000,000. On November 1 1901 it had risen to $2,248,300,542,
including gold and silver coin and gold and silver certificates. The
notes alone amounted to $731,790,204 on November 1 (see Report,
Mr. Gage).
We use less and lees money in proportion to our business. The
cheque takes the place ot the bank note. In America, with a popula
tion so great and so widely scattered, a far larger circulation per head
may be necessary, but probably it would decrease, were banking
made really free.
It may be of Interest to note the figures of the circulation of the
United Kingdom:
In December 1844 the total note circulation was, in round figures,
£46,000,000, and the present circulation is £70,000,000, a very small
increase during a period of so great increase of population and of
business. The bank notes held by the Banking Department of the
Bank of England alone amount now to about £21,000,000, against
less than £9,000,000 in 1844. The circulation of coin has no doubt
Increased since 1844 with Increased imputation, m England we do
not allow bank notes under £5. If, during this long period, we in
England had had £1 notes, as they have had in Scotland and Ireland,
our note circulation must have increased more than it has done; but
no doubt the general use of cheques and postal orders has had, and
still has, a powerful influence in reducing the circulation both of coin
and of notes.
ITEM8 A B O U T
181
BANK8,
BANKERS
AND
TRU8T
C O ’8 -
— The public sales of bank stocks this week aggregate H65
shares, of which 855 shares were sold at auction and 10 shares
iit the Stock Exchange. The transactions in trust company
stocks, all auction sales, reach a total of 1.71 shares. 25
shares of stock of the National Bank of North America,
carrying the right to subscribe for new stock at 200 per cent,
were sold at 351, as compared with 285 last month before the
plans for the absorption of the Bank of the State of New
York were made public. The first sale of Greenwich Bank
stock since March 1899, when the price was 180, was made
this week at 200%. Stock of the National Park Bank has
advanced in price from 587% in May 1901 to 640%, and
Bowery Bank stock from 306 last May to 334
S h a res.
B a n k s —N ew Y o r k .
P ric e.
Lust previous sale.
30 Ameiioa. Bank o f.......................
3ft Bowery B a n k ..............................
23 Central National B a n k ..........
140 Chaiham National B a n k ........
150 Citizens’ Bank. N ational........
50 Commerce, Nat. Bank of........
*10 Corn Exo h an geB an k ..............
70 Fouri h National B a n k.............
38 Greenwich B a n k.......................
40 Hanover National B an k..........
20 I mporters’ & Traders’ Nat B k.
50 Manhattan Co.. B an k of the...
10 Mechanics’ National B a n k —
t25 North Amerioa, Nat. B an k of.
120 Oriental B ank..............................
14 P ark Bank, N ational...............
10 Shoe & Leather Bank, Nat.......
30 State of N. Y ., B ank of the__
535
334
205
330*3 339*3
229*8-231
351*3-352^1
465
238*4-23876
200*4
684*4
627 *3
329 7s
302*3
351
221
640*3
125*3
172
T r u s t Co m p a n ie s — Y ew? Y o r k .
50 Bow ling Green Tru st Co.......... 205
75 F if'h Avenue Tru st Co............ 650*8 671
5 Morton Tru st O o.......................1,180*3
30 N. Y . Security & Tru st Co.......1,350-1,353
6 North Am erican T ru st Co,....... 261*2
T b u 8T C o m p a n y - B r o o k l y n .
5 W illiam sburg Tru st C o ............
* Sold at the Stock
stock at 2 0 0 .
216
July
May
Nov.
Jan.
Dec.
Jan.
Dec.
Jan.
Mar.
Nov.
Jan.
Deo.
Dec.
Dec.
Jan.
May
Jam
Jam
19011901—
1901—
1902—
1901—
1902—
1901—
1902—
189919011902—
1901—
1901—
1901—
1902—
1901—
19021902—
520
306
191*3
340
210
Dec.
Jam
Jam
Jam
Jam
1901— 200
1902- 680
1902-1,196*6
1902—1,375
1902— 265
354*4
445*3
240
180
696
620
325*3
295*3
285
227
587*a
124
195
Jam 1902— 211
Exchange, tWith rights to subscribe for new
— A Berlin cable announces that the subscriptions from
New York bankers to the new German loans of 800,000,000
marks were larger than the tenders from any other foreign
country and that the loan was over-subscribed sixty times.
Ladenburg, Thalmann & Co. report that their subscriptions
exceeded 60,000,000 marks, and Thompson & Mairs, who
received subscriptions for Otis, W ilson & Co. of Chicago,
reported a total of 10,000,000 marks.
I t is thought that pri
vate subscriptions and those by houses other than the above
named will make the aggregate about 150,000,000 marks.
The subscriptions are payable in instalments of 50 per cent
Feb. 8, 25 per cent Feb. 21 and 25 per cent March 15.
— Interests identified with the First National Bank have
bought a large block of the stock of the Commercial National
Bank of Chicago, of which James H , Eckels, formerly Comp
troller of the Currency, is President. The bank has a capital
of $2,000,000, and the surplus and undivided profits are
$1,441,048. Chicago dispatches say that the control of the
bank is not affected by these purchases. The block of stock
distributed originally consisted of about 700 shares, which
formerly belonged to Mr. Rawson, and it was bought by M r.
Eckels last summer before the capital of the bank was in
creased from $1,000,000 to $2,000,000. Judge Gary, of the
United States Steel Corporation, and Paul Morton, of the
Atchison Topeka & Sante Fe, took a portion of this block,
and they were added to the board of directors at the last
annual meeting. The stock sold to the First National inter
ests was so disposed of because it was believed that such a
coarse would be advantageous to the bank.
— The announcement was made on Wednesday, at a meet
ing of the directors of the International Banking Corpora
tion, that the entire capital stock of $8,000,000 and surplus of
$3,000,000 had been over-subscribed, and that the $6,000,000
had been paid in full. Valentine P. Snyder was elected First
Vice-President and acting President, and the following were
appointed an Executive Committee: James W . Alexander,
James H . Hyde, Valentine P. Snyder, Thomas H . Hubbard,
Edward F . Cragin and Edwin Gould. The full board of
directors consists of Thomas H . Hubbard, Valentine P.
Snyder, James W . Alexander, James H . Hyde E. H . Harri*
man, H . C. Frick, Abram S. Hewitt, Eugene Delano, Luther
Kountze, H . E. Huntington, Edwin Gould, George Crocker,
John J. McCook, W . H . McIntyre, J. M. Ceballos, Edward
F. Cragin, H . S. Manning, R. A . C. Smith, A . W . Paige,
Jules S. Bache, John B. Jackson, 13. P. McIntosh, H . S,
Rogers and H . Hardy. The main offices of the corporation
will be at No. 1 W a ll Street, southeast corner of Broadway.
182
TH E
C H R O N IC L E
[V o l . L X X IV .
-Dumont Clarke, William B, Leeds and T. Jefferson Cool is the new Assistant-Secretary. Mr. Fahnestock has also
idge Jr were on Tuesday elected directors of the Audit Co. been elected a member of the Board of Trustees.
of New York. John J. Mitohell was at the same time elected —The Fidelity Trust Company of Newark, N. J,, is dis
a member of the advisory committee of stockholders in place tributing among its friends a most artistic souvenir in the
of T. Jefferson Coolidge Jr.
shape of a boob descriptive of the company. The book is
—W. J. Matheson, of W. J. Matheson & Co,, and Gordon printed on heavy paper and contains steel engravings showing
Macdonald, of Speyer & Co., were on Tuesday elected direc the exterior of the building, the foyer, the corridors, glimpses
tors of the Bank of New York, National Banking Associa of the rooms of the various officials, the filing room and the
tion, to fill vacancies.
room in which the vaults are located. The cover of the
—The Pennsylvania-New Jersey Trast Company]? on Mon book is of pale green paper finished in gold.
day filed articles of incorporation at Trenton; the authorized The officers of the company are: President, Uzal H
capital is $100,000, The incorporators named are: Ex Attor McCarter; Vice-President, John F. Dryden; Second Viceney-General John W. Griggs, Henry O. Kelsey, F. Q, Barstow, President and Counsel, Thomas N. McCarter; Secretary and
Edward C. Stokes, David Bingham, J. B. Dill, Alvah Trow Treasurer, Frederick W. Egner, and Trust Officer, Jerome
Taylor. The office of Assistant Secretary and Treasurer has
bridge, A. B. Hepburn and Frank N. Hansell.
—The subscriptions to the capital of the proposed Consoli been created, to which Mr. James H. Shackleton has been
dated Exchange Bank have thus far amounted to $500,000. assigned.
—Mr. George R. Gray has been elected President of the
None is in excess of $10,000.
National Bank of Newark, now controlled by the
—The premises formerly occupied by the Ninth National Second
Fidelity
Trust Company through the acquisition of two-thirds
Bank at 407 and 409 Broadway are being remodeled, and of the capital.
J. E, Howell was re-eleoted Vice-Presi
when the changes are completed the National Citizens’ dent of the bankMr.
and
E. D. Farnsworth Cashier.
Bank will take possession.
—A
proposed
consolidation
of the National Newark Bank
—It is proposed to organize a new national bank in Brook ing Company and Newark City
National Bank of Newark
lyn, with a capital of $200,000 and a paid-in surplus of has been recommended by the directors
to the stockholders.
$50,000, to be located in the retail dry-goods centre on Fulton The proposition has already been submitted
to and approved
Street, near Flatbush Avenue. Among the projectors are by the Comptroller. The consolidated bank
have a
David A. Boody, William Berri, T. Olena, John F. James, capital of $1,000,000 (the combined amount of thewill
capital
of
Alexander McDonald, D. F. Ayres, James K. Atkinson, the two banks to be merged—each having a capital of $500,Samuel Walker and F. W. Woolworth.
and surplus of $1,500,000. In the circular sent to the
—At the adjourned meeting on Tuesday of the stockhold 000)
stockholders
of the National Newark Banking Company by
ers of the National Bank of North America the proposition the directors, the
following plan for the exchange of stock is
of the directors to increase the number of the board to outlinedtwenty-two and also to increase the capital of the bank to “ In formulating an equitable basis for such consolidation, the book
$2,000,000 and the surplus to $2,100,000 was ratified. The value
of the assets of tbe Newark City National Bank, counting its
following were then elected directors: Henry H. Cook, real estate
at its market value, has been computed at $1,000,000, and
Elihu Root, Warner Van Norden, D. H. Houghtaling, John Its oapital being $500,000, each share of its stock of the par value of
H. Flagler, William F. Havemeyer, Henry F. Dimock, Mah- $50 has a hook value of $100, or, In other words, 200 per cent on par;
likewise the assets of this bank, counting its real estate at its market
lon D. Thatcher, Richard L. Edwards, Angust Belmont, E, value,
have been computed at $1,500,000, and its capital being $500,T. Bedford, Charles W. Morse, Robert M. Thompson, Frank 000, each
of its stock of the par value of $50 has a book value of
K. Sturgis, Oakleigh Thorne, S. M. Clement, Charles T. Bar $150, or, inshare
other words, 300 per cent on par.
ney, William H. Gelshenen, William Salomon, Leonard “ The combined assets of both banks would then be $2,500,000, and
be capitalized at $1,000,000, with surplus assets worth $1,500,Lewisohn, Warner M. Van Norden and Henry Chapin Jr. would
, giving each share of consolidated capital a hook value of $125,
At a meeting of the directors on Wednesday R. L Edwards 0or0 0250
per cent on par. As the Newark City National Bank would
was elected President, Charles W. Morse and Henry Chapin contribute
two fifths of such consolidated capital, and this hank threeJr., Vice-Presidents; Alfred H. Curtis, Cashier, and J, Fred fifths, $100,000 of the new stock with a book value of $1,000,000
would be allotted to the present stockholders of the former bank, and
erick Sweasy, Assistant Cashier.
of the new stock with a book value of $1,500,000 would be
—The City Trust Company, a recent addition to the trust $600,000
allotted to the stockholders of this bank. Each stockholder of the
companies in New York City, declared on Jan. 21 its first former bank would be entitled to four shares of new stock for every
dividend of 4 psr cent, payable Feb. 1, from the earnings of live shares of present stock, the book value of his total holdings re
maining the same as before; likewise each stockholder of this bank
the six months ending Dec. 81 1901.
would receive six shares of new stock for every five shares of present
—The Gansevoort Bank of this city, which changed hands stock, the book value of his total holdings remaining the same as be
in February 1901, earned in the interval from that date to fore. Negotiable scrip would he issued for fractional shares, and
every effort would be made to aid stockholders in converting frac
Jan. 1 1902 net profits of over $80,000. The deposits have in tional
shares|into whole shares.”
creased from $688,786 42 Dec. 23 1900 to $1,533,604 33 Dec. 23
1901.
—The outcome of the directors’ meeting of the Mechanics’
—At the January meeting of the Astor National Bank of Trust Company of Bayonne was the election of Mr Charles
this city the first dividend was declared, being 20 per cent. S. Noe, former Secretary and Treasurer, as President. This
The dividend will be paid in quarterly instalments of 5 per was rather in the nature of a surprise, as Mr. Noe’s name for
the position was hardly mentioned until just prior to the
cent, beginning February 1.
Mr. Arthur W. Booth was re-elected Vice Presi
—Mr. T. Jefferson Coolidge Jr. was this week elected meeting.
dent.
Mr.
W. Young, President of the United States
President of the Bay State Trust Company of Boston, Mass. Mortgage &George
Trust Company of this city, was last week
Mr. Coolidge succeeds Mr. F. W. Hunnewell. The company elected Chairman
now has two Vice-Presidents—Mr. C, E. Cotting and Mr. chanics’ Trust. of the Executive Committee of the Me
Alfred Rodman. The office of Actuary, formerly held by Mr.
Rodman, has been abolished. The old board was re-elected —Mr. George F. Rand, who in November secured an inter
with the following additions: Messrs. Gordon Abbott, Samuel est in the Columbia National Bank of Buffalo and was shortly
Carr, C. E. Cotting, Henry R. Reed, Chas. S. Tuckerman and after elected a Vice-President, was last week made President
Henry C. Weston.
of the bank, succeeding Mr. Edgar B. Jewett, who remains
—Messrs. A, M. Kidder & Co. of this city have compiled a as a director. The new Cashier of the bank is Mr. Louis H.
handy little book for the pocket, giving a list of guaranteed Gethoefer and Assistant Cashier, Samuel T. Nivling. Mr,
railroad stocks. A feature in it is a table showing the yield of George Wadsworth was re-eleoted Vice-President,
stocks at various figures—from a 1 per cent stock at 10 to a —The negotiations which, as announced in this column
20 per stock at 300.
last week, had been pending for the sale of the Museum
—Mr. Gates D, Fahnestock, who has held the positions of Building to the Albany Trust Company of Albany, have been
Second Vice-President aad Secretary of the Franklin Trust closed. The price paid is stated as $85,000. The present
Company, of Brooklyn, retains the first-named office, while building occupied by the trust company, It will be remeut
Mr. Crowell Hadden Jr., who has been Assistant-Secretary, bered, is now the property of the National Commercial Bank
advances to the office of Secretary. Mr. Clinton W. Ludlum of Albany. It is possible that the National Exchange Bank
Ja n u a r y 25, 1903.J
THE CHRONICLE
will make its home with the Albany Trust when the pro
posed building is completed yn the old Museum’s site.
— Mr. Charles L. Pruyn has become a director of the New
York State National Bank of Albany, Mr. John H . Van
Antwerp declining re-election.
— Mr. Meyer Nussbaum is succeeded on the board of the
Park Bank of Albany by Mr. George W . Stedman.
— Mr. Morris L . Ryder replaces Harvey A .
director of the First National Bank of Albany.
Dwight as
183
Townsend, Secretary and Treasurer, was re-elected, as were
also Mr. J. H . Kuzel, Assistant Treasurer, and F. C. Becker*
Assistant Secretary.
— Mr. Andrew Jergenshas succeeded Mr. L . F. Hoffner as
Vice-President of the Brighton German Bank of Cincinnati,
Ohio.
— Mr. John P. Frenzel has retired as President of the M er
chants’ National Bank of Indianapolis and been succeeded by
Vice-President |0. N . Frenzel. Mr. John P. Frenzel will re
main with the bankjas Vice-President.
— Messrs. W alter H . Doyle, W . A . Hemphill, F. W . Roeb— Mr. George H . Russel, President, and Henry C. Potter,
ling and John T. Stone have retired from the board of direct
ors of the International Trust Company of Maryland, Balti Vice-President, of the State Savings Bank of Detroit, who
more, and Messrs. Charles K . Oliver and David Hutzler have recently purchased a controlling interest in the First Com
been elected new members. The company announces its mercial & Savings Bank of W yandotte, are now members of
the board of the latter, having been elected at last week’s
first dividend of 2 per cent, payable February 1.
— Mr. Clarendon I. T. Gould has been chosen to fill the meeting of the stockholders. Mr. Potter was also elected a
position, temporarily, of President of the Central Real Estate Vice President of the W yandotte Bank. Mr. Russel has in
& Trust Company of Baltimore, from which office Mr. John addition become a member of the board of the Delray Sav.
Hubner retired the first of the year. Mr. John T. Stone suc ings Bank of Delray, M ich.
ceeds Mr. W illiam Schwarz as Vice-President.
a number of changes in the directors.
There were
— The old officials of the Mechanics’ National Bank of St'
Louis were all re-elected with the exception of Second
Assistant Cashier Edward Buder, who is now Secretary and
Acting Treasurer of the new American Central Trust Com
pany of St. Louis. Several changes have been made in the
directory, the new board containing the follow ing names:
R.R. Hutchinson,
D. K. Ferguson,
James Green,
James T. Drummond,
Morris Glaser,
Isaac Schwab,
B. B. Graham,
C. G. Knox,
W. J. Kinsella,
Charles H. Turner,
Charles H. Aokert,
J. B. Desnoyers,
R. M. Hubbard,
H. I. Miller,
Henry Nloolaus.
— The first assessment of ten per cent on the stock (author*
ized amount $2,000,000) of the new Germania Trust Company
of St. Louis was paid on the 15th inst. The next assessment)
also ten per cent, will be due February 15. The remaining
instalments will be paid 10 per cent monthly. The company
has secured offices at 718 and 720 Olive Street, which it ex
pects to open by the middle of next month.
— The organization of the North End Trust Company of St.
Louis is now being pushed by M r. H . R. Gregory. The com
pany is to have a capital of $1,000,000 and surplus of $500,000.
The directors are all local business men.
— Still another new trust company is ^reported as being or
ganized in St. Louis— this to be called the Bankers’ Trust
Company. Mr. W . J. Atkinson is prime mover in the enter
prise, in which are interested^also, it is said, prominent East
ern men. The company will be capitalized at $2,000,000.
— Stockholders of the Illinois Trust & Savings Bank, Chi
cago, at their annual meeting on the 7th inst., re-elected the old
directors for the ensuing year. The directors re-elected tbe
same officers. According to the official statements the bank
earned at the rate of 38'73 per cent on its average capital
stock ($3,250,000) in the year 1901. Its present capital is
$4,000,000, the surplus $4,000,000, and undivided profits are
$1,100,000, a total of $9,100,000.
— Two new names appear in the directory of the Detroit
National Bank of Detroit, Charles M. Heald (succeeding E d
ward J. Schmidt, who retires,) and E . W . Meddaugh.
— The late Gen. James E. Pittman, director of the Detroit
Savings Bank of Detroit, is replaced by James H . Muir.
— A s soon as the necessary authority has been obtained, the
Detroit River Savings Bank of Detroit, M ich., whioh has
a capital*of|$400,000, w ill assume the name of the Marine
Savings Bank. Three new directors were added to its board
last week, Messrs. M . E . Farr, Robert T. Gray and Frank
Filer.
—Mr. Amos S. Musselman retiring as Vice President of jthe
Grand Rapids National Bank of Grand Rapids, M ich., DrCharles S. Hazletine has been chosen for that post.
— The First National and Albert Lea Inational banks of
A ’ oert Lea, M inn., each with $50,000 capital, are to consoli
date under the name of the former, with a capitalization of
$100,000 and a surplus of $20,000. The bank w ill occupy the
offices of the Albert Lea National, which will go into liqui
dation. It is further announced that the stockholders of
these banks will organize a State savings bank with $50,000
capital.
— Several large trust companies have been organized in
Little Rock, Ark. One, the Union Trust, has been incorpo
rated with $200,000 as successor to the S. J. Johnson Co. The
officials chosen are Mr. Allen N . Johnson, President; George
B. Rose, Vice-President; Sam’l W . Revburn, Secretary and
Moorehead W righ t, Treasurer.
The other trust company is to be known as the Mercantile
Trust and will have a capital of $250,000. The officials elected
are President, H . L. Remmel; Vice-President, W . M . Kavanaugh; Secretary, W . P. Field, and Treasurer, Charles F.
Penzel.
—A t their annual meeting the stockholders of the State
Savings Loan & Trust Company of Quincy, 111., voted to in
crease the capital from $300,000 to $400,000. In its statement
— A pamphlet, the cover of which is in representation of a to December 11 the company’s deposits amounted to $3,537,bond, has been issued by the Merchants’ Loan & Trust Com 387, a substantial increase since October 1 1900, when the
pany of Chicago, and is devoted exclusively to information total was but $2,839,411. Mr. W . S. Warfield is the Presi
regarding investments offered by the company’s bond depart dent; Charles H . Bull and S. B. Montgomery, Vice-Presi
ment, which is under the management of Mr. J. E. Blunt dents ; Edward J. Parker, Cashier and Secretary ; George T.
Jr. The institution shows marked growth, and deposits Marston, Assistant Cashier and Edwin A . Clarke, Assistant
Secretary.
December 31 1901 were reported as $32,597,858.
— Mr. Herbert W righ t has been elected President of the
City Trust Company of Cleveland and M r. E. W . Christy an
additional Vice-President. Mr. W righ t was head of the firm
of Messrs. Herbert W right & Co., the business of which w il
be continued by his former partner, Peter R. Fahey, under
tbe name of Peter R. Fahey & Co.
Mr. Charles L. Murfey has been elected President of the
Mercantile National Bank of Cleveland and Mr. Lewis .A.
Murfey, Cashier.
— Mr. Moses G. Watterson, for many years President of the
Dime Savings & Banking Company of Cleveland, resigned
at the recent meeting of the directors. The office has been
filled by the election of Mr. E. T. Hamilton, formerly a VicePresident. M r. N . A . Gilbert has been chosen as First Vice
President, Mr. I. N . Topliff as Second Vice-President, and
Mr. O. M. Burke as Third Vice-President.
Mr. F. H.
— The suspension of the Commercial Bank of Albany, G a.,
on the 17th inst., is announced. The bank, it is said, had
been experiencing a quiet run for a month past. The liabil
ities are estimated at about $123,117 and assets at $191,723..
The bank was organized in 1888. M r. T . M. Carter was
President, and Mr. S. G . Turner, formerly State Bank E x .
aminer of Georgia, became Cashier in October last. Mr.
Morris Weslosky has been appointed temporary receiver.
— In the statement to Dec. 31 1901 issued by the Merchants’
& Planters’ National Bank of Sherman, Texas, deposits are
given as $2,104,979. The bank paid a cash dividend of 20 per
cent on its capital during the year 1901.
—The increased capital (from $100,000 to $200,000) of the
Third National Bank of Columbus, Georgia, will become
effective February 1. The surplus will then be $110,000 and
undivided profits about $12,000. During the year just ended
184
THE
CHRONICLE
the total net profits were $21,940—nearly 22 per cent on the
old capital of $100,1)00. Dariug the thirteen years of its ex
istence the bank has earned 1204,8113, an average of about
15*76 per cent yearly.
— Mr. John M. Miller Jr., who, as announced in these col
umns several weeks ago, was elected cashier of the First
National Bank of Richmond, V a ., will assume his new
duties on February 1. ilis predecessor, Mr. H. G. Burnett,
resigned on account of failing health. Mr. Miller, who comes
from Charlotte, N. C., has handed in his resignation as
Secretary and Treasurer of the North Carolina Bankers’
Association. The Third Vice-President of the Association,
Mr. C. N. Evans, Cashier of the Bank of Reidville, N. C., has
been chosen to succeed Mr. Miller. Mr. J. H. Beale, Cashier
of the Bank of Lenoir, Lenoir, N . C., is Mr. Evans’s successor
as Third Vice-President of the Association.
— Mr. A . C. Clew is was elected to succeed Mr.'Edward
Manrara, who retired as President of the Exchange National
Bank of Tampa. Mr. Manrara will oontinue with the bank
as Vice-President. Mr. C. J. Huber advances from AssistantCashiership to the post of Cashier, Mr. J. B. Anderson retir
ing from the latter position.
— J. Arnold Scudder & Company have opened an office in
the Borden Block, Chicago, to deal in high-class bonds.
Municipals will be their specialty at the outset.
— Chas. C. Adsit, the Chicago stock broker, has purchased
a membership on the New York Stock Exchange for $80,000.
— Messrs. Knight, Donnelley & Co., of Chicago, have is
sued the first number of a little “ Magazine of the Markets
for Traders and Investors,” entitled “ Pit and Post,” which
they purpose to send monthly to their customers. Its salnta
tory promises to give “ facts ” and not mere theories or specu
lations. A prominent feature will be the graphic diagrams
of Mr. Lamb, the statistician of this firm, showing the status
and earning capacity of the various railroads of the country.
—Cashier Wilson A . Shaw has been eleoted to the Presi
dency of the Merchants’ & Manufacturers’ National Bank of
Pittsburg, his predecessor, Mr. E. M. Ferguson declining reelection.
Mr. J. M. Russell, formerly Assistant-Cashier,
advances to the Cashiership.
— The Merchants’ Bank of Kansas City, Kansas, organized
in 1894, has increased its capital from $40,000 to $100,000. A ll
but $20,000 of the $60,000 increase, it is stated, was taken
from the surplus fund.
[Vol. LXXIV,
— On March 1st in Chicago a new firm on the Board of
Trade will be formed—to wit—Harris, Gates & Co. They
will be members not only of the Chicago Board of Trade,
but of all the principal Exchanges of the country, and by
reason of the constitutent elements of this concern, it is safe
to predict that the volume of its business will be very large.
On that date Mr. Charles G . Gates will beoome associate
partner with J. F . Harris and 8. C. Scotten of the old firm
known as “ J. F. H a r r is;” and Jno. W . Gates and John
Dupee (late of Schwartz, Dupee & Co.) will become special
partners in the new firm.
— C. K. G. Billings has retired from the Presidency of the
Home Savings Bank of Chicago, owing to his removal to
New York City, and W . J. Onahan has been elected Presi
dent. Maurice Rosenfeld becomes Vice-President and the
board of directors remains unchanged.
—The Drovers’ Trust & Savings Bank, with a capital of
$200,000 and a proportionate surplus, has been organized at
the Union Stock Yards, Chicago, by the Brintnalls and other
interests identified with the Drovers’ National Bank. It will
open soon.
—The Noel-Brown Brokerage Company of St. Louis has
opened a branch office in the Woman's Temple, La Salle St.,
Chicago, with Mr. Garrett Brown, late of Denver, as Man
ager. This corporation will deal in all kinds of choice in
vestment securities.
— A semi-annual dividend of 3 per cent was paid Jan. 18
by the Banco Nacional de Cuba of Havana, and $100,000 was
transferred to surplus out of the first six months’ business.
— The semi-annual statement of the Union'Discount Co. of
London has come to hand. The gross profits for the halfyear were $959,619; a dividend for the half-year at the rate
of eleven per cent per annum called for $206,250, and $158,041 was carried forward to next account. The reserve fund
was increased $50,000 and now stands at $2,000,000.
— A trust company which will start with $500,000 capita
is now being organized in Savannah, Ga. Subscriptions to
the shares will be received shortly. It is to be known as the
Savannah Trust Company, and inasmuch as many influential
men are reported to be interested in the new enterprise, it is
altogether probable it will be successfully launched.
— The Pittsburg Trust Company of Pittsburg, in addition
to its regular quarterly dividend of 3 per cent, has declared
an extra dividend of 2 per cent, payable February 1. The
company several months ago increased its capital from $1,000,000 to $2,000,000.
— The First National’Bank of Chicago made a net profit of
$1,118,216 during the year 1901, or 22*36 per cent on its
capital stock of $5,000,000. This is nearly double the profit
of the preceding year, and shows a remarkable degree of
prosperity for this great financial institution. The bank is to
have new and magnificent quarters commensurate with its re
quirements. The National Safe Deposit Company, which is
owned and controlled by the First National Bank, has
purchased for $1,000,000 two lots on Monroe Street, ad
joining the present bank building, and early in the
spring will begin to demolish the buildings thereon
to make room for the first section of the new bank
building. The lower stories of this section will be occupied
by the bank until the present six story building on the corner
of Monroe and Dearborn (now the home of the First N a
tional) is torn down and the second section is reared upon
this historic site—thus completing one of the largest and
finest office structures in the world. The total investment
in grounds and building will approximate $5,000,000. The
ground area will be 190 by 232 feet, and the building sixteen
stories in height. The bank will occupy the entire first and
second floors, which together will have a height of between
50 and 60 feet. The arrangement]of the second floor will be
in the form of a wide gallery extending over the main bank
ing room, while an extensive skylight above the central
opening will illumine the whole interior. A dining room
and kitchen on the top floor will be a feature of the building,
where the 400 employes of the bank will take their daily
luncheon. Altogether, the new bank building will be a
mammoth and imposing piece of architecture; but it will be
nearly two years before its completion.
— Mr. W . T. Fenton, Vice-President of the National Bank
of the Republic, Chicago, has been elected President of the
Chicago Clearing House Association. Mr. James H. Eckels,
President of the Commercial National Bank of Chicago, is
now Vice-President of the Association, which position Mr.
Fenton has just vacated. Mr. W . D. C. Street was re-elected
Manager.
— In its holiday souvenir edition the “ Oneouta (N . Y.
Leader ” calls attention to a number of the various business
enterprises of the village. Among other concerns it mentions
the Wilber National Bank, laying stress on the part played
by this institution and by its President, George 1. Wilber, in
the growth and prosperity of the village. The bank was
organized in 1868 as the David Wilber Bank aud became a
— Mr. John Eoglis is the- only new member of the board
of trustees of the Long Island Loan & Trust Company of
Brooklyn.
— The capital of $1,000,000 of the new City Trust Company
of Boston has been fully paid. The surplus of the same
amount is to be paid February 8, at which time the com
pany expects to begin business.
— The State Street Trust Company, 38 State Street, Bos
ton, will open an office corner of Boylston Street and Massa
chusetts Avenue.
— W ith the exception of Mr. E. W . Moore, a former VicePresident of the Western Reserve Trust Company of Cleve.
land, all of the old officials were re-elected.
— Mr. Ralph Gray has been elected President of
politan National Bank of Cleveland. Mr. Gray,
Vice-President, succeeds Mr. A . L. Moore. The
Presidents are W . V . Coons and Harry L . Vail.
Pettit is retained as Cashier.
the Metro
formerly a
new ViceMr. P. C.
— It is reported that the Securities Company of Cleveland,
which was organized last August to finance the business of
the Everett-Moore syndicate, is to go into liquidation. The
company was capitalized at $1,000,000.
January 25, 11)02.1
THE CHRONICLE.
185
national institution in 1874.
Its oapital is $100,000, the
surplus is $200,000, and its grow th recently is shown by a
statement o f the deposit account, w hich has increased from
$748,674 in June 1896 to $1,812,105 in June 1901. Special note
is made o f the losses on loans and discounts—in 27 years
these losses have aggregated lees than $1,000. Mr. E. A .
Scram ling, Vice-President and Cashier, is the Treasurer o f
Otsego County, N. Y . ; Samuel H. Potter is Assistant Cashier.
rectors o f the New Orleans Bank. In the report o f the latter
just received, deposits are now shown as $3,580,888, which
compares with but $1,835,828 on June 29 1901, a gain in six
months o f $2,225,000. The surplus and undivided profits on
December 81 amounted to $185,288, against $50,584 at the
earlier date. Mr. S. V. Fornaris is President; C. E. Allgeyer
and Charles A . Sackett, V ice-Presidents; G. Ferrier, Cashier,
and E. C. Adam s Jr., Assistant Cashier.
—The Clinton National Bank o f Clinton, N. J ., w hich
since the date o f organization in 1856 has becom e a land
mark of that m unicipality, has com pletely remodeled its
building and installed practically every convenience enjoyed
by its contemporaries in the larger cities. The officials in
charge are Mr. Joseph V an Syckel, President, and B. V .
Leigh, Cashier.
— Like the other B rooklyn trust companies, the M anufac
turers’ Trust Company o f Brooklyn makes a very creditable
showing in its statement fo r Dec. 31 1901. Deposits are re
ported at $6,604,909; on June 80 1900 the amount was $5,
271,555 and on June 80 1898 only $3,475,668. The com pany
has been in existence but six years, having com m enced
business on January 2 1896. The officials are: President,
W illiam J. Coom bs; Vice-Presidents, W illiam H . N ichols
and W illiam J. M atheson; Secretary, Frank L . Sniffen, and
W illiam C. N esm ith, Assistant Secretary.
—Louisville, K y., is to have a new trust com pany with
half a million dollars capital. This is to be known as the
National Trust Company, and it is expected that Mr. Joshua
D. Powers, President o f the First National Bank o f Owens —The C olonial Trust Com pany o f P ittsburg, the p rojected
boro, K y., w ill be chosen as the head o f the new institution, form ation o f w hich w e noted in these colum ns on O ctober 12,
w ith Bethel Veech as Vice-President.
has been organized w ith a capital o f $1,000,000 and a surplus
—The Paducah Trust Com pany o f Paducah, K y ., is now o f $1,500,000. The stock, all o f w h ich has been subscribed
being organized w ith $150,000 oapital. The t ompany intends for, was sold at $250 per share. The officers so far decided
to have its ow n building, having purchased property on upon are: President, James M. Chaplin, and V ice President,
Joshua Rhodes. George W . D arr, o f the Sharon Steel C om
Broadw ay for this purpose.
pany, is interested in the new institution. Mr, Chaplin is
—The Am erican Savings Bank & Trust Company o f M em
w ell and favorably k now n in Pittsburg, where u ntil re
phis, Tenn., to w h ich we have several times referred, began
cently he served as Treasurer o f the F idelity T itle & Tr. Co.
business tw o weeks ago. The com pany has $50,000 capital
—The Cosmopolitan National is the latest bank to organize
and is officered by Mr. A be Goodm an, P resid en t; Lem.
in Pittsburg, Pa. Outside o f the am ount o f capital, w h ich is
Banks, Vice-President, and D w igh t M. A rm strong Cashier.
to be $200,000, little inform ation is yet obtainable. The in
—The Schenectady Trust Com pany is now being projected
corporators are E m il Stengel, L. H . Smith, I. A . Samuels,
by interests identified w ith the A lban y Trust Com pany, o f
Charles H . Sachs and Alexander Spiro.
Albany. A s w ill be inferred from the name the new institu
tion w ill locate in Schenectady, where it expects to begin
—The N ew Y ork Central & Hudson R iver R ailw ay has
business by A pril 1. It is to have a capital o f $200,000.
issued its January num ber o f “ The Four-Track News,” a
—The Calvert Bank o f Baltim ore, is now installed in its beautifully illustrated pamphlet o f about 65 pages, contain
permanent home, corner o f H ow ard and Saratoga streets. in g inform ation and suggestions upon various interesting
A lm ost the entire first floor o f the bu ildin g, w hich is three topics, such as m ight be expected in “ A Monthly Magazine
stories high, and constructed o f granite, Pompeian brick and o f Travel and E ducation ” issuing from such a source. Its
terra cotta, has been reserved fo r the bank. A special de artistic and m echanical features are o f a very high order, and
partment for the convenience o f its w om en patrons has been w e congratulate M r. G eorge H. Daniels, General Passenger
provided. The bank has been in operation one year and is A gent, under whose direction it has been issued, upon his
under the management o f Mr. W illiam C. Page, President; success in getting it out.
James H. Preston,Vice-President, and S. E dw in Cox,Cashier.
—A piece o f property on W illson A venue ;and St. Clair
Street, Cleveland, has been purchased by the Lake Shore
Banking & Savings Company. New buildings are to be
erected on the sites, the W illson A venue portion to be used
as a public library, while on St. Clair Street the bank w ill
construct a modern building fo r its ow n use. The bank in
June last increased its capital from $100,000 to $200,000.
[F ro m o u r o w n co rre s p o n d e n t, j
London, Saturday, January 11, 1902.
The optim istic feeling w hich had been so strong for nearly
a month continued during the first tw o days o f this week;
but on W ednesday there was a sudden change, w h ich became
still more accentuated on Thursday. T o the careful observer
it is difficult to find any good reason fo r the alm ost general
belief the other day that the w ar was rapidly com ing to an
—The Colonial Trust Company, one o f the newer St. Louis end ; and it is ju st as im possible n ow to recognize any
organizations, has opened offices on the first floor o f a recently grounds for the same pessimistic feeling. So far as can be
purchased building at Broadw ay and L ocust streets. Mr. ju dged here in London, there is no real change. L ord K itch
ener is proceeding in his slow , leisurely manner, and the
Clark H. Sampson is President o f the com pany.
Boers, though m aking a heroic defense, are gradually losing
—One of the latest St. Louis trust companies, incorporated ground in every direction. Apparently, then, we are not
on the 27th ultim o, is the A m erican Central Trust Co. This very close yet to the end.
Perhaps the reason fo r the sudden change in the m iddle o f
institution has been heavily capitalized, as have been its re
the week was the sudden recognition that the war is costing
cent predecessors, shares to the num ber o f 10,000 having a great deal o f money and that the G overnm ent w ill have to
been issued to be sold at $150 per share, giving a capital of borrow again. On Saturday last the “ Statist ” published an
$1,000,000 and surplus of $500,000. City Counselor Benjam in article in w h ich it calculated that the G overnm ent w ould
Schnurmacher w ill be President and W illiam Simpson, not need to borrow before April, but that then, or shortly
afterwards, it would need to raise at least 30 millions sterling
Joseph W aehtel and Franklin P. Hunkins, Vice-Presidents, and possibly more. It took tw o or three days fo r the public
and Edward Buder, form erly Second Assistant Cashier o f to realize that the calculation was correct. Suddenly on
the Mechanics’ National Bank o f St. Louis, Secretary and W ednesday it jum ped to the conclusion that a loan will
A ctin g Treasurer.
The com pany has taken a three-year have to be brought out in the course o f a very few weeks,
and as a result consols were sold both at home and abroad.
lease o f the ground floor of the Houser Building, corner The selling came, in the first place, from the Continent,
Broadw ay and Chestnut Street.
where apparently the accuracy o f the “ Statist’s” calculations
was soonest recognized; and the instant the Continent began
—M r. Harry E. Spring has been made Trust Officer o f the to sell, London follow ed. It would seem that there is a fa irly
Lincoln Trust Company of St. Louis, M o., replacing Mr. large “ bull” account in consols, and this o f course helped
W illiam A . Bran den burger, who is now connected w ith the the reaction. N o doubt the dulness in N ew Y ork contributed
largely to the ohange o f feeling here; and Count von Bulow’s
Germania Trust Company,
reply in the Reichstag to Mr. Chamberlain’s recent speech
—V ery substantial growth is displayed in the statement to helped to make people m ore anxious. A s long as the war
Decem ber 81 1901 of the Union National Bank o f N ew Or goes on there will no doubt be these frequent ups and downs;
leans, La. The bank, as will be rem em bered, increased its but as a matter o f fa ct the position is better than it seemed
to be a little while ago, and the general public is m uch m ore
stock from $300,000 to $600,000 last July, the additional cap inclined to invest than it was.
ital being contributed by some o f the directors o f the N a
The Board o f Trade returns fo r Decem ber and fo r the
tional Park Bank of this city, who at that tim e became d i w hole year 1901 are more satisfactory than anybody antici-
18(5
THE
CHRONICLE
[VOL. L X X 1 V ,
T he rates fo r m o n e y h a ve b een as fo llo w s :
patod. O w in g to the crisis th rou gh w hich so m any C on ti
nental countries are passing and to the fa ll in prices, the
In te r e s t aaoteed
Open M a rk et B a t e <
general expectation was that there w ould be a larger falling
ts
f o r d eposits by
$
off in trade than turns out to have occu rred . A s a m atter o f London
2 ra d e B ills, J o in t L i s ’ t H ' i .
i-C
B
a
n
k
B
ill).
fa ct there is a sm all increase even in the valu e o f the im
£
Stock A t 7-14
ports. F or the whole 12 m onths the value is returned at
8 M o n th ). 4 M o n th ). 6 M o n th ). 3 M o ). 4 M o*. B anks Call L a y*
£ 5 2 2 , 9 3 ( 1 , an increase over the preceding year o f £886,177,
4
4
9-16
3 9-16
8 9-16
m
D ec. 14 4
or 0 15 per cent. The value o f tne exports o f B ritish and
8
8K
“
ai i
3 7-16
4 m id
»«
m
Irish p rod u ce and m anufactures was £280,498,899, a falling
4
m
m
m m
a*
"
28 4
m
m
m
off of £10,698,107, or 8-6 per cent. The d ecline is m ainly in Jan. 4 4
tM
m
m
m
m
m
m
coal and iron and steel, and is very largely due to the fall in
8 1-18
8H
“
11 4
m
m m u a«@ 4
vw m u
m
prices. T h e reduction in quantities is very trifling.
T he B ank rate o f d isco u n t a n d op en m a r k e t ra tes a t th e
The hom e trade, m oreover, is good. In all reasonable
ch ie f C o n tin e n ta l o itie s h ave b een as fo llo w s :
probability the railw ay reports that w ill very soon n ow
begin to be published w ill prove very m u ch better than the
D ec. 20.
L e e 27.
Jam. 10.
Jam . 8.
p u blic looks for. The fall in the prices o f coal and materials
B a tes o t
has helped the railw ays. T raffic has kept up better than
In te rest a t
Open
Open B a n k
B ank
B ank
Open
Bank
Open
cou ld h a»e teen hoped for. Som ew hat higher rates, too, have
B a te. M arket B a te. M arket B a te. M a rket B a te. M a rket
been obtained; and som e m aterial redu ction in the cost o f
8
3
3
3
3
m
m
m
operating has been carried ou t. M ore im portant still, the P a n s ..................
4
4
m
4
4
3M
Berlin............. .
m
m
com panies generally have begun reform s that w ill benefit H am bu rg..........
4
4
4
4
3M
8M
m
them greatly after a w hile. The real state o f the oountry, F rankfort...... .
4
4
m
4
4
8W
m
m
then, is better than the ordinary p u blic realize; and unless Am sterdam ......
8
8
3
m
8
■m
m
m
som ething quite unforeseen happens w e m ay reasonably look Brussels............
8
8
8
3
fo r a steady im provem ent in business all through the year.
4
4
4
4
m
m
V ie n n a .............
834
m
nom.
nom .
nom .
m
In Paris again there is u ndou bted ly a better feeling than St, Petersburg..
nom.
5«
4
4
,
4
4
4
4
4
4
has existed fo r a cou ple o f years. The bad business a ccu m u M adrid...............
5
5
6
5
5
6
4W
414
lated during the b oom in industrials both at hom e and in Oopenhafiren. ..
R ussia in the belief o f the best-inform ed is n ow quite
Messrs. P ix ley <fc A b e ll w rite as fo llo w s under date o f
liquidated. Savings are very large; and there is a greater in
January 9 :
clin ation to engage in new enterprise than there has been;
in fa c t the accn m u la tion o f unem ployed m oney is so very V iGe no lnd a— Tb he ien cg o un ros te os of bs at rr o gn og l ,d a hn ad s P ba er ei sn dd oo ews n nw o at r bd u, yt h we h di lee mt ha ne dN fe owr
large that it is difficult to believe that the p u b lic w ill allow Y o r k E x c h a n g e f o r e s h a d o w s s h i p m e n t s t o t h a t q u a r t e r : £ 1 0 . 0 0 0 h a s
it to lie idle v ery m u ch longer. In G erm any, too, the w orst b e e n w i t h d r a w n f r o m t h e B a n k f o r S o u t h A m e r i c a . F o r t h e w e e k —
o f the crisis is over, M oney is abundant and cheap; and A£ 3r 0r i, v0 a0 l0s , : WT oetsat l , I£n 8d 8i e, 0s 0, 0 £. 3 1S . h0 0i p0m; e An ut ss :t r Ba loi ma , b a£ y2 ,7 £, 050, 00 0; 0 S, o u Ft ho r Am f or inctah ,
although the slow liqu idation w ill have to g o on all through o f D e c e m b e r — A r r i v a l s : G e r m a n y , £ 2 , 0 0 0 ; H o l l a n d . £ 1 2 , 0 0 0 ; B e l g i u m ,
the year, there is m u ch m ore in clin ation to invest than there £ 1 2 , 0 0 0 ; F r a n c e , £ 1 3 , 0 0 0 ; S o u t h A f r i c a , £ 2 8 6 , 0 0 0 . S h i p m e n t * :
w as; in fa ct there is a stron g demand fo r g ood governm ent G e r m a n y , £ 8 8 6 , 0 0 0 ; F r a n c e , £ 4 7 , 0 0 0 .
S ilv e r — A f t e r r is in g t o 2 6 % d ., t h e s ilv e r m a r k e t h a s g iv e n w a y , a s
securities o f all kinds; and G erm an operators have been deal A m e r i c a w a s a r e a d y s e l l e r f o r a l l d e l i v e r i e s , a n d t h e I n d i a n p r i c e f e l l
in g m ore freely in L on d on du rin g the past fe w w eeks, both in i r o m R s . 6 6 % t o R s . 6 5 % . A f t e r t o u c h i n g 2 5 % d . w e h a v e r a l l i e d t o
consols and in B ritish railw ay stocks, and even in m ining 2 5 i 6 i a d . o n s o m e s p e c i a l o r d e r s , b u t c l o s e d u l l w i t h A m e r i c a n a s e l l e r
shares, than since the crisis began. There is som e im prove f—o Ar rc ar is vh a. l s T: hNe e l wa s tY Ion rdk i ,a n£ 1r a2 t6e , 0i s0 0R ; s . A 6u6 s pt rear l i1a 0, 0£ t1 o5l ,a0h0s 0. ; FWo er s tt h Ie n wd iee es k,
m ent, likew ise, in Spain. Italy is m akin g decided progress. £ 6 , 0 0 0 . T o t a l . £ 1 4 7 , 0 0 0 . S h i p m e n t s : B o m b a y , £ 2 5 0 , 2 2 0 . F o r
T h e quarrel betw een A rgentin a and C hili is quite settled; m o n t h o f D e c e m b e r — A r r i v a l s : G e r m a n y . £ 8 , 0 0 0 ; B e l g i u m , £ 7 , 0 0 0 ;
and everyth in g leads to the hope that p o litics w ill run F r a n c e , £ 9 1 . 0 0 0 ; U . 8 . A . , £ 7 3 7 , 0 0 0 . S h i p m e n t s : G e r m a n y , £ 4 3 , 0 0 0 ;
F r a n c e , £ 9 7 ,0 0 0 .
sm oothly.
M e x io a n D o lla r s — T h e r e h a s b 6 6 n a g o o d In q u ir y fo r d o lla r s o n
The outside m arket has been able to repay its debt to the M e x i c a n a c c o u n t . T h e n e a r e s t p r i c e i s 2 5 % d . p e r o z .
Bank o f E ngland; and yet for the m om ent m on ey is abund
The q u o ta tio n s fo r b u llio n are re p o rte d as fo llo w s :
ant and fa irly cheap; bu t this is not likely to last very long.
In the first place, the collection o f the revenue w ill be on so
Jan.
Jan.
S IL V E R .
Jan,
Jan.
Go ld .
en orm ou s a scale n ow that the B ank o f E ngland w ill get ab
2.
L o n d o n S ta n d a r d .
9.
9.
2.
solute con trol o f the m arket b efore lon g and can m ake rates L o n d o n S ta n d a r d .
w h at it pleases; and in the second place the G overn m en t
d.
d
* . d. e. d.
expenditure w ill be rather heavy. No dou bt the C ontinental B a r g o l d , f l n e . „ . o z . 7 7 1 0 7 7 1 0 % B a r s i l v e r , f l n e . . . o z . 2 5 1 6 x 6 2 5 %
2 5 1 5 16 2 5 1 6 i e
banks w ill increase the balances th ey are em ployin g in L on t9 j e. rS m. g’ no lgd o lcdo ci on i.n. ..oo zz .. 77 66 45 % 77 66 45 % B aD r o s i l 2v emr ,o e. od ne lt iav i en r’ yg
don, and that w ill prevent m on ey from b ecom in g e x cep tion F r e n c h g o l d c o i n . o z . 7 6 5 7 6 5
d o 5 g r s . g o l d . o z . 2 6 7 1 6 263(3
2 6 S 16
d o 4 g r s . g o ld .o z . 26%
ally dear: but that there w ill be fa irly high rates during the J a p a n e s e y e n — o z . 7 6 4 % 7 6 4 %
d o 3 g r s . g o l d . o z . 2 6 1 ,6 2 6
n ext fe w m onths m ay be regarded as certain, especially as it
C a k e s i l v e r — . . . o z . 2 7 1 5 16 2 7 %
is p e rfe ctly clear that the G overn m en t w ill before lon g have
M e x io a n d o lla r s .o z . 2 5 % * 25% *
' N o m in a l.
to borrow again. H o w m u ch it w ill require can not be fore
seen yet, as it w ill depend upon the duration o f the w ar; but
The fo llo w in g sh ow s th e im p o rts o f ce r e a l p ro d u ce in to the
to brin g h om e the troops, to gran t them the gratuities in United K in g d o m d u rin g th e eighteen w eeks o f the season
tended, and to effect even a tem porary settlem ent, at least 30 com pared w ith p rev iou s s e a s o n s :
m illions sterling w ill have to be raised. U pon the Continent,
IMPOSTS.
on the other hand, m on ey is likely to be very cheap fo r a
1 9 0 1 -0 2 .
1 9 0 0 -0 1 .
1 8 9 9 -0 0 .
1 8 9 8 -9 9 .
considerable tim e. I f the w ar w ere suddenly to com e to an u n p ’ t s O f w h e a t , O W t . 2 2 , 5 0 0 , 7 0 0 2 5 , 9 8 9 , 1 0 0 2 1 , 6 7 9 , 7 0 0 2 1 , 0 8 5 , 8 6 0
„ . = . . . . l l , 2 6 4 ,9 0 0
8 ,9 7 1 ,2 0 0
6 ,9 3 5 ,5 0 0 1 2 ,6 1 3 ,2 0 0
end and business w ere to b ecom e brisk in L on d on , the best B a r l e y .
7 ,2 2 1 ,6 0 0
7 ,8 4 4 ,0 0 0
6 ,4 4 0 ,6 0 0
5 ,9 6 4 ,5 7 0
opin ion in Paris is that business w ou ld also revive in that J a t S . . . . . . . . . . . . . . . . . . . . .
7 1 6 ,4 0 0
1 ,0 5 9 .1 3 0
1 ,3 0 6 ,2 0 0
8 9 7 ,4 7 0
P e a s . . . . . . . . . . . . .........
city and that after a w h ile rates w ou ld tend upw ards there. B e a n s . . . . . . . . . . . . ...............
8 3 7 ,0 0 0
7 4 2 ,0 4 0
6 2 7 ,4 0 0
9 2 5 ,7 2 0
T he accum ulation o f u nem ployed m oney, h ow ever, in Paris i i i d i a n c o r n . . . . . . . . . . 1 5 , 1 5 0 , 5 0 0 1 9 , 0 7 3 , 5 0 0 2 2 , 5 0 1 , 0 0 0 1 7 , 5 7 8 , 2 6 0
7 ,7 6 2 ,1 0 0
7 ,7 9 0 ,6 0 0
7 ,6 5 3 ,0 3 0
is so im m ense that it w ou ld take a lo n g tim e b efore rates F l o u r . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 , 0 1 0 , 6 0 0
cou ld be m aterially advanced, unless o f course m u ch gold
Supplies a vailable fo r con su m p tion (e x clu s iv e o f stock s on
w ere sent abroad. I f the com in g R ussian loan is as large as September 1):
is expected, and if the Russian G overn m en t takes aw ay
1 9 0 0 -0 1 .
1 8 9 9 -0 0 .
1 8 9 8 -9 9 .
1 9 0 1 -0 2 .
m u ch g old , there m ay o f course be a m aterial change in the W h e a t i m p o r t e d , c w t . 2 2 , 5 0 0 , 7 0 0 2 5 , 9 3 9 , 1 0 0 2 1 , 6 7 9 , 7 0 0 2 1 , 0 8 5 , 8 6 0
7 ,7 6 2 ,1 0 0
7 ,7 9 0 ,6 0 0
7 ,6 5 8 ,0 3 0 P aris m oney market. O therw ise P aris is lik ely to rem ain Is ma lpe os ro tfs ho of mf l eo -ug rr o. .w. . n. . . 1 80 ,,08 13 04 ,, 62 06 05
9 ,2 0 8 ,3 9 4 1 2 ,1 6 1 ,8 5 8 1 2 ,0 1 2 ,7 0 4
w ell supplied fo r a considerable tim e to com e,
T o t a l . . . . ........... . 4 1 , 3 4 5 , 5 6 5 4 2 , 9 0 9 , 5 9 4 4 1 , 6 3 1 , 6 5 8 4 0 , 7 5 1 , 5 8 4
In India m oney is tending upw ards, but the advance so far
26s. 4 d ,
25s. 9d,
28s, lid .
is n ot as m arked as usual. The Bank o f B om bay has this A v « r . p r i c e w h e a t , w e e k . 2 7 s . 7 d .
27s. 8d.
26s. Id .
2 7 s . 0£L
w eek raised its rate o f discount fr o m 5 per cent to 6 per cent, A v e r a g e p r i c e , s e a s o n . 2 6 s , 7 d ,
and the In dia C ouncil continues to sell its drafts w ell. It
The fo llo w in g sh ow s th e q u a n tities o f w h ea t, flou r and
offered fo r tender on W ednesday 60 lacs, and the applications maize afloat to th e U n ite d K in g d o m :
w ere fo r nearly 2,300 lacs, at prices ran gin g from Is, 3 31-32d.
T h is w e e k .
L a st w eek,
1900.
1899.
to Is. 4 l-32d. per rupee. Tenders at Is. 4 l-32d, w ere allotted i V h e a t . .............. q r s . . . 2 , 6 4 0 . 0 0 0
2 ,4 5 6 ,0 0 0
2 ,1 0 5 ,0 0 0
1 ,4 9 0 ,0 0 0
abou t 13 per cent o f the am ounts applied fo r . L ater in the Flour, e q u a l t o q r s . . , 8 7 0 , 0 0 0
3 2 5 ,0 0 0
3 9 0 ,0 0 0
2 9 5 .0 0 0
9 3 0 ,0 0 0
7 9 0 ,0 0 0
7 3 5 ,0 0 0
day there w ere sm all sales b y special con tra ct at Is. 4 l-16d. M a i z e . . . . . . ........ q r s , . . 1 , 0 1 5 , 0 0 0
and Is. 4 3 32d. per rupee.
T he B ritish im ports fo r th e year 1901, com p ared w ith those
The follow in g retu rn sh ow s th e position o f th e B a n k o f fo r 1900, have been as fo llo w s :
E ngland, th e B ank rate o f d iscou n t, th e p r ic e o f con sols,
.
1902.
J a n . 8.
X
1901.
J a n . 9.
X
19(.0.
Jan . 10
&
C ir c u la tio n ............................
29,775.020 29,606,065 28,325,855
Public deposits................
10,401,420
0,968.106
9,937,081
o th e r d eposits............................. 41,105,126
45,633,840 45,820,388
Soverruneut securities... 20,872,639
20,677,522 19,057,157
..............
27,187,818
82,234,903 82,891,913
Other securities..
Reserve o f notes and ooin .. 21,624,863
17,894,838 21,831,856
Coin X bnJHon.both departm ’ ts 38,625,378 29,624,348 88,857,711
Prop, reserve to liabilities..p .o.
a ji
83 15-16
39%
Bank rate.....................p e rce n t.
4
6
*6
Consols, 2J1 per ce n t..................
9391
07 8-16
08%i
Silver.............................................
26% j,
29 7-16d.
27 i-16d.
nieaiine-H onse retu rn s.. 809.826.000
181,293,000 169,080,000 154,468.000
* R educed from 6 t o 5 per cent January 11.
4 5 ,9 8 7 ,5 1 6
3 9 ,7 1 4 ,4 3 9
4 6 ,4 2 6 ,0 5 6
4 6 ,3 9 2 ,8 9 2
4 2 ,4 2 6 ,7 5 9
4 1 ,7 1 1 ,0 3 8
4 3 ,0 2 8 ,8 2 2
4 0 ,9 3 7 ,1 4 0
3 8 ,2 0 8 ,7 9 1
4 4 ,3 5 1 ,4 0 8
4 6 ,8 1 0 ,5 5 3
4 6 ,7 7 0 ,0 9 7
1900.
£
4 4 ,5 5 5 ,9 1 4
3 7 ,6 4 4 ,8 0 8
4 5 ,0 0 2 ,1 8 4
4 2 ,6 8 1 ,8 7 6
4 3 ,8 7 6 ,4 2 7
4 2 ,0 1 6 ,8 0 7
4 0 ,2 6 4 ,1 6 7
4 2 ,0 9 7 ,0 5 9
4 1 ,2 8 2 ,8 5 2
4 8 ,4 9 5 ,6 0 8
4 9 ,7 8 8 ,7 3 0
4 6 ,4 4 6 ,8 6 2
£
+ 1 ,4 8 1 ,6 0 3
+ 2 ,0 6 9 ,6 8 1
+ 1 ,4 2 8 ,9 2 2
+ 3 ,7 1 1 ,0 1 6
— 1 ,4 4 9 ,6 6 8
— 8 0 5 ,2 6 9
+ 2 ,7 6 4 .6 5 5
-1 ,1 6 9 ,9 1 9
— 8 ,0 2 4 ,0 6 1
— 4 ,1 4 4 ,2 0 5
— 2 ,9 3 3 ,1 7 7
+ 8 3 3 ,4 3 5
Y e a r 1 9 0 1 .. 5 2 2 ,2 8 8 ,9 8 6
5 2 3 ,0 7 5 ,1 6 8
— 8 8 6 ,1 7 7
1901.
1899.
J a n . 11
&
27,731,420
7,690.790
41.613 333
15,192 086
88,040,707
80.068,988
80,980,408
Im p o st s .
F e b r u a r y ....
A u g u s t ............
S e p t e m b e r ....
N o v e m b e r ....
D ecem ber —
£
D ifference.
For Ot,
+8*21
+5*49
+ S ‘l 6
+8*66
— *07
+ 6*8
— 2 7
3
-8 * 5
— 5*8
+ 0*7
- 0
1 5
THE CHRONICLE
J anuary 25, 1002.]
K u K l l i h F i n a n c i a l m a r k e t * —P e r O a t ilc .
The dally closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Jan. 24.
Wext.
Tuts.
Mon.
Sat.
LotfDOS.
25l%fl 2 5 f,«
94%
943,8
943.0
94%
ICO
20
0017%
7738
77%
6%
6%
77
77<»8
100
97%
104%
101%
98
98 %
11780
1 17%
47%
47%
23
23%
166%
167
44 %
44%
93%
94%
40 %
41%
73 78
733s
59
53
142
142%
107
1C7%
28%
28%
18%
15%
25%
25%
53
54%
165%
167
3478
34%
56%
5738
94
93%
76
76%
29
2889
42%
42%
3230
32
59%
60%
33%
33%
9530
95
10278
103%
90%
91%
4330
43%
97
96%
22%
22%
4278
42%
69 %
70%
Sliver, per ounce........ d. 269,0
C on solB .,n ew .2% p.ots. 9 4 'i «
For aooou n t................. 94*8
Fr'cli rentes(in Paris) fr. 00-32
Spanish 4 s .......................... 773a
630
A naconda M ining..........
Atoll. Top. & Santa Fe.. 79
Preferred........................ 100%
Baltim ore & O h io .......... 105%
Preferred........................ 9870
Canadian P a d Ho........... 1177a
Chesapeake <fo Ohio___ 48
Chloa. Great W estern .. 23 %
Ohio. M il. & St. P a u l... 1681*
Den. & Rio G r .,o o m .... 45
Do
do Preferred. 9 4 %
4179
Erie, o o m m o n ................
1st preferred ................ 74 %
59%
2d preferred............ .
Illinois C en tra l........... .. 1421*
Louisville & N ashville.. 108
M exican Central.......... . 28 %
M exican N ation al.......... 15%
Mo. K an. A T ex ., c o m .. 26
Preferred........................ 54 %
W. Y . Cent’l & Hudson.. 1671*
S . Y . Ontario & W est’n 35
Norfolk & W estern ........ 5 7 %
Do
do
pref. 95
7630
P ennsylvania___ . . . . . . .
*PMLa. & R e a d ................ 2 9 %
*Phila. & Read. ,le t pref. 4 2 %
'’ Phila. & R ea d .,2d pref. 3230
Southern Pacino............. 6 1 %
South’ n R ailw ay, co m .. 34
Preferred........................ 95S8
Union Pacific................... 104%
Preferred.................
91%
U , B. Steel Oorp., 00m .. 443g
Do
do
p r e f.. 97 %
W a b a s h .......................
23 %
Do
p referred .. . . . . . 43 %
Do
Deb. “ B ” .......... 7 0 %
TKurs.
257,0
25%
9 4% «
94
94%
941,8
0 0 32 % 100 35
77%
77 %
6%
6%
77%
77 %
98%
98%
104%
104%
98%
98%
1 17%
1 17%
47%
47%
23 %
23
166%
16 6 %
44%
44
9330
93
40%
40%
72%
72%
58
57%
1 42%
14 1 %
107%
1 07%
29%
29%
1578
15%
25%
25%
54 %
54
165
ft 65
34%
5 34%
57%
57 %
94%
94%
76
70%
287e
28%
42%
42%
32%
32%
60%
60%
33%
33
95%
95
103%
103%
9078
90%
43%
48%
96%
96%
22%
23
42%
43
70
69%
Fri.
257,0
9316,0
94
10O-40
77%
6%
78
99
104%
98%
117%
47%
23%
167%
44%
93%
40%
72%
58 %
142%
108%
29 %
16
25 %
54
165%
34%
57%
94%
76%
29
42%
32%
6078
33%
94%
104%
90%
4378
97
23
4278
70
* P n oe per share
je ^ jc ia l a n t i ^ t i s c z l l m
i z o n s H je u r s
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. 17; also totals since beginning first week January.
Im p o r t s
and
Exports
for th e
W
eek
,—
187
Mew York City Clearing House Hanks.—Statement of
condition for the week ending Jan. 18, based on average of
dally results. We omit two ciphers (00) in all cases.
BANKS.
Capital Surplus
Loans.
0
Bank of N . Y ..~ 3.000.
2,*18,1
Manhattan C o... 3.060.0 2.100.4
0
M erchants’ ......... 2.000.
1.170.4
Meehanlos’ _____ 2,000,0 2,804,8
A m erica.............. 1.500.0 3.177.6
P lie n li................. 1,000,0
273.5
C ity ...................... 10,000,0 0,003,8
300.0
7.047.7
Uhemloal.............
201.6
000,0
Merchants’ E x ..
Gallatin............... 1,000,0 2.004.0
800.0
08,8
Butch. A D rov ’ s’
130.4
400.0
Meoh. A T raders’
200.0
176.8
G reenw ich..........
600,0
617.8
Leather M’ f ’r s ..
18,5
Seventh N atlon ’l 1.700.0
540.4
State o f N . Y .... 1.200.0
Am erican E xoh . 5.000. 0 8.378.4
Com m erce........... 10,000,0 7.155.7
Broadway........... 1.000. 0 1.088.3
M ercan tile......... 1,000,0 1,880,6
610,0
422,7
Paolflo.................
907.2
460.0
Chatham .............
200.0
People’s...............
853.0
N orth A m erloa.. 1,000,0 1.105.7
H anover.............. 8,000,0 6,041,2
500.0
I r v in g ..................
491.8
UltlBens’ .............. 1.550.0
800.7
289.4
500.0
N a ssa u ................
900.0 1.038.6
M arket A F u lton
228.2
Shoe A L eather. 1,000,0
Corn E xchange.. 1.400.0 1.852.0
800.0
415.4
O rien tal..............
tm p’ t’rs’ A T r a d . 1.500.0 0,224,9
P a rk ..................... 2,000,0 4.080.0
250.0
103.0
East R iv e r .........
Fourth................. 8,000,0 2.015.5
C en tral................ 1,000,0
001.7
800.0 1.062.0
Second..................
First...................... 10,000,0 11,354,4
500.0
330.9
N.Y. N at’ l E x oh .
769.0
250.0
B ow ery................
598.4
200.0
N. Y. C o u n ty ....
410.8
750.0
German A m e rl..
Chase........ ........... 1,000,0 ■>2,088,0
100.0 1,424,1.
Fifth A v en u e . . .
200,0
German E x o h ...
680.7
G erm ania............
830,3
200,0
Lincoln................
800,0 1,037,9
Garfield................ 1,000,0 1.204.8
F ift h .............
375.7
200,0
Bank o f M etrop.
300.0 1.163.7
W est S ide...........
451.0
200.0
seaboard.............
600,0 1.087.4
W estern.......... .
2.100.0 2.648.5
is t N at., B ’ klyn.
540.7
800,0
Liberty................
770.7
500.0
420.8
N. Y. P rod. E x .. 1,000,0
069.8
N ew A m sterdam
260.0
Aster....................
430.9
850.0
382.5
H ide A L eath er.
600.0
T o t a l........ .
Specie.
*
•
17.050.0 3.180.0
22.201.0 5.100.0
13.931.9 2,446,2
12,202,0 1.238.0
20.070.1 8.132.6
904.0
4.830.0
107,133,0 27.879.0
24.217.3 4.670.1
770.6
6.288.9
851.1
8.420.9
808.7
1.810.0
405.0
3.042.0
120.3
875,1
827.4
4.684.0
848.4
5.280.1
553.2
8,208,0
20.245.0 6,068,0
78.501.9 9.188.7
0,728,6 1.030.1
14.800.2 2.487.8
454.7
2.707.1
744.7
0,090,2
283.4
2.148.0
11.097.0 1.784.1
47.257.7 10.104.0
740.0
4.083.0
5.970.6 1.190.2
114.0
2.702.9
0,178,2 1,023,5
3.578.8
701.1
22.470.0 4.506.0
190.0
2.110.0
23.800.0 4.218.0
40.729.0 10.081.0
224.2
1.808.6
22.811.0 4.003.0
10,060,0 1 . 0 1 1 . 0
9.048.0 1.528.0
73.193.4 18.778.8
047.8
4.387.9
360.0
2.990.0
700.4
8.855.4
622.3
3.330.4
42,700,1 12.131.8
9.387.3 2.398.0
214.9
2.177.0
415.6
8.008.4
420.0
11.904.8
7.282.0 1,452,4
2.211.9
387.6
8,077,7 1.720.9
811.0
2.080.0
12,581,0 2.785.0
8,920,7
87.365.4
405.0
4.247.0
0,451,0 1,000,7
075,2
4.220.1
7.080.4 1.129.1
762.0
4,287,0
438.1
2.832.4
Legale.
*
1,620,0
2,102,0
1,447,8
1.350.0
3,048,5
802,0
7.570.0
2.002.0
581.0
937.0
81,8
317.0
125.2
817.8
144.8
400.4
1.719.0
0,083,5
404.9
1.760.4
429.0
852.0
032.9
1.831.4
5.872.4
638.0
370.8
552.2
890.6
250.2
2.305.0
397.8
1.300.0
4.795.0
219.2
2.307.5
1.677.0
797.0
2,324,7
420.8
318.0
358.0
272.6
1,993,9
246.4
975.4
513.1
2.321.5
343.5
208.2
620,1
350.0
1.487.0
2.356.6
553.0
425.0
848.1
789.0
238.0
116,4
Deposits 86fV§
$
17.480.0
20.896.0
10.217.7
13.040.0
23.078.8
4.799.0
122.014.0
24.378.0
5,670,8
0,100,6
1.530.0
3,681,7
708,2
4.522.6
4.608.6
2.168.6
28.787.0
04.930.2
6.900.0
15.029.8
3.760.1
0,150,0
2.894.1
12.026.0
61.982.7
4.380.0
0,400,2
8.219.1
0,818,0
3.999.6
27.118.0
2.150.0
21.977.0
03.159.0
1.558.1
25.370.7
13.162.0
10.278.0
71.920.2
4.117.0
3.200.0
4,298,5
3.240,4
52.493.0
10.440.1
3.484.0
4.571.7
13.106.9
7.409.2
2.270.7
9.472.3
2.764.0
15,370,0
43,938,5
4.222.0
0,177,4
4.084.0
8.175.0
4.102.0
2.110.0
r . a.
20 7
27 0
24 0
20 2
20 0
20 8
28 9
29 4
24 3
270
262
22 0
32 2
25 8
220
441
28- 5
24 4
24 0
20 8
28 5
26 9
29- 9
26-8
201
20-4
24 8
20-7
28 0
25-6
251
27*
253328- 4
261
24-2
222926- 9
20-8
24-0
24'4
20-9
26-3
3420-8
20-9
24 2
24-0
24-8
2327 4
25 6
22-6
2426 0
23'4
230
20 3
83,822,7 1007657 867,529,1 1771653 70,670,7 938,722,11 27-2
F O R E IG N IM P O R T S .
For week.
1902.
19 0 0 .
19 0 1 .
1889.
D ry G o o d s ....
Qon’l m er’ dise
* 2 ,6 3 8 ,3 5 0
8 ,3 8 9 ,4 8 5
* 2 ,9 6 7 ,0 5 4
8 ,0 1 6 ,2 2 2
* 2 ,3 6 5 ,3 4 6
7 ,6 7 9 ,6 6 7
* 2 ,5 0 1 ,2 6 4
5 ,7 3 1 ,1 8 2
T o ta l..........
* 1 1 ,0 2 7 ,8 3 5
* 1 0 ,9 8 3 ,2 7 6
* 1 0 ,0 4 5 ,0 1 3
* 8 ,2 3 2 ,4 4 6
D ry G oods___
G en ’l m er’ dise
* 8 ,0 9 1 ,1 1 9
2 4 ,9 7 3 ,2 0 2
* 7 ,2 7 3 ,1 1 3
2 5 ,0 9 6 ,4 0 3
* 8 ,3 3 3 ,4 2 6
2 0 ,7 8 1 ,2 5 8
$ 6 ,3 9 5 ,9 2 5
2 0 ,6 2 4 ,8 7 1
Total 3 weeks
*3 3 ,0 6 4 ,3 2 1
$ 3 2 ,3 6 9 ,5 1 6
* 2 9 ,1 1 4 ,6 8 4
* 2 7 ,0 2 0 ,7 9 6
Since Jan. 1.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Jan. 20, and from January 1 to date.
EXPORTS FROM N E W T O R E FO R TH E W E E K .
1902.
1901.
1900.
For the w eek..
Prev. reported
* 1 2 ,7 0 4 ,2 7 0
1 7 ,9 7 1 ,6 6 2
* 1 2 ,6 0 6 ,3 6 4
2 1 ,4 2 6 ,7 0 3
* 1 2 ,3 8 6 ,4 4 2
2 4 ,6 6 2 ,3 8 0
* 9 ,2 3 0 ,5 9 6
2 5 ,5 4 5 ,3 9 2
T otal 3 weeks
* 3 0 ,6 7 5 ,9 3 2
* 3 4 ,0 8 3 ,0 6 7
* 3 7 ,0 4 8 ,8 2 2
* 3 4 ,7 7 5 ,9 8 8
1899.
The following table shows the exports and imports of
specie at the port of New York for the week ending Jan. 18
and since Jan. 1, 1902, and for the corresponding periods in
1901 and 1900.
E X P O R T S A N D IM P O R T S O F S P B O IB A T N E W T O R E .
Im ports.
Exports.
Gold.
Week.
Since Jan. 1.
G reat B rita in ,___ _
F ran ce.........................
G erm any............. .
W est In d ies........... ..
M e x ic o ........................
South A m erica........
A ll other countries.
* ..............
$ 1 4 2 ,2 5 0
5 2 5 ,0 0 0
1 ,1 2 5 ,0 0 0
2 7 ,0 5 0
2 ,0 0 0
T otal 1 8 0 2 ..........
Total 1 9 0 1 ..........
Total 1 9 0 0 ..........
* 5 2 7 ,0 0 0
1 ,6 6 4 ,6 7 2
1 ,0 8 8 ,8 8 2
Silver.
2 ,0 0 0
* 1 ,2 9 6 ,3 0 0
1 ,6 87,612
5 ,0 3 4 ,4 8 7
* ............
* ..............
15
4,1 1 2
15
3,9 9 2
19,6 7 1
4,2 2 8
2 0 ,0 0 0
4,6 7 3
* 2 7 ,9 0 6
1 4 ,4 8 0
2 9 ,5 4 5
* 2 8 ,8 0 6
1 9 3,678
1 4 1 ,1 9 2
Imports.
Exports.
Week.
Week.
Since Jan. 1,
Since Jan. 1.
Week.
Since Jan. 1.
G reat B ritain ............
F ran ce.........................
G erm an y....................
W est Indies...............
M ex ico .............. ..
South A m erica. .
A ll other countries.
* 7 7 6 ,5 5 5
* 1 ,7 7 4 ,9 0 5
* ..............
* ..............
7 ,4 5 4
9,011
1 3 ,4 1 6
9,011
2 ,2 6 0
5 ,7 6 2
4 7 ,8 4 7
2 ,2 6 0
2 4 ,2 8 4
4 7 ,8 4 7
Total 1 9 0 2 ..........
T otal i 9 o i ..........
Total 1 9 0 0 ..........
* 7 9 3 ,0 2 0
1 ,1 1 5 ,9 6 6
4 7 6 ,3 7 7
* 1 ,7 9 7 ,8 3 2
2 ,5 2 2 ,7 5 6
2 ,1 8 7 ,8 8 4
* 5 5 ,8 6 9
14,0 8 6
7 2 ,9 2 1
* 7 4 ,3 9 1
1 5 0 ,4 2 3
1 7 4 ,0 5 3
500
Reports of Non Member Banks.—The following is the
itatement of condition of the non-member banks for the
week ending Jan. 18, based on averages of the daily result.
We omit two ciphers (00) in a l l cases.
B A N K S.
(0 0 * o m it t e d .)
N sw Yo r k C i t y
Borough of
Manhattan,
Colonial............. .
C o lu m b ia ............
Eleventh W a r d ....
Fourteenth Street.
G ansevoort............
H am ilton............ .
M ount M orris.......
M utual................ ..
Nineteenth W a r d ..
Plasa.............
R iv e r s id e .........
State......................
Twelfth W a r d ...
Tw enty-third W ’d.
Union S q u a re....
fo r k v ille ..............
W ashington............
F id e lity ___ ___
V a r lo k ......... .......
Jefferson ..............
O e n t n r y .... ........ __
W ash’ g ton H elgh ts
U nited N a tio n a l...
Ooro’h of Brooklyn.
Bedford....................
Broadw ay................
B rooklyn..................
Eighth W ard...........
Fifth A v en u e.........
Kings C ou n ty.........
Mannfaot’rs’ N a t’l.
M eehanlos...............
Meoh’ s’ A Traders’
Merchants’ . ............
Nassan N a tion a l..
National C ity .........
North S ide...............
P eoples___ _____ _
seventeenth W ard
Sprague N a tion al..
Twenty-sixth W ’ d.
Union.......................
W allabout...............
Borough of
Richmond.
Bank o f Staten Is l
1st N at.,Staten Isl
Other CiU.es.
ist Nat., Jer. C ity.
Hud. Co. Nat., J.C.
3d Nat., Jer. C ity ..
3d Nat., Jer. C ity ..
1st Nat., H oboken .
3d Nat., H obok en .
Capi
tal,
Leg. T. D e p o s i t , w i t h
N et
S u r Loans A
p l u s . Invest Specie A B ’k. Olear’o Other Deposits
Notes Agent. Bks.Ac
ments.
»
100,0 u i , 4
(
$
1 8 8 5 .0
3 0 0 .0 2 2 8 ,1 2 3 4 0 .0
100.0 1 3 0 . 7 1 8 0 3 . 0
100,0 8 2 . 9 1 1 9 3 . 7
200,0 2 7 . 9 1 2 1 8 . 0
200,0 102,6 1 8 3 8 , 9
2 6 0 ,0
7 6 .6 2 2 0 9 .0
200,0 1 6 7 . 3 1 3 2 9 . 0
200,0 1 6 1 , 0 1 6 1 8 , 6
100,0 2 1 6 . 7 2 5 8 0 . 0
100,0 1 2 9 . 1 1 0 5 8 . 8
100,0 3 1 8 . 0 4 3 1 4 . 0
200,0 66,0 1 3 4 8 . 0
9 1 3 .3
100,0 7 6 . 6
200,0 3 6 0 . 2 2 1 2 1 , 4
100,0 2 3 1 . 1 1 3 6 6 . 0
7 0 7 .6
100,0 3 2 . 9
6 0 1 ,8
9 4 .0
200,0
7 4 3 .6
100,0 6 9 . 3
9 5 0 .7
200,0 6 6 . 3
2 2 8 .7
100,0 6 1 , 8
2 9 9 .8
100,0 9 8 . 2
1 3 2 9 .6
1000,0
5 9 ,3
2 6 2 ,0
6 0 ,8
6 1 .7
1 9 .2
1 1 9 .6
1 1 6 ,3
3 1 .0
2 5 .3
7 6 .0
1 6 ,2
8 3 6 .0
4 3 .0
4 7 .8
4 6 .2
3 9 .7
1 2 .9
1 0 .7
6 ,7
1 2 7 ,0
20.2
21.0
1 6 0 ,6
6 0 .7
1 4 .0
3 1 .8
3 6 .4
3 5 9 .7
1 9 6 .2
1 8 ,7
200,0
1 1 9 1 .1
1 7 2 6 .0
1
1 0 1 ,3
3 0 0 .0
100.0 88.2 3 7 1 . 0
6 7 2 ,6
100,0 7 7 . 4
6 7 6 .9
6 2 ,2
1 6 0 ,0
2
7
0 4 .9
2 6 2 ,0 4 6 6 .7
6 0 0 ,0 3 6 9 .8 8 7 9 4 .1
8 4 4 .8
100,0 1 8 7 . 6
668.8
100,0
2 7 .1
3
8
0 0 .0
6
4
7
.
6
3 0 0 .0
3 0 0 .0 6 8 2 .4 2 9 8 6 .0
8 9 8 .8
100.0 1 4 4 . 8
9 6 3 .0
100,0 * 1 2 6 , 1
6 2 0 .8
100,0 7 8 . 6
200,0 2 4 8 . 8 1 1 2 9 . 6
100,0 66,8 4 9 7 . 4
100,0 68,8 6 4 8 . 5
7 8 8 ,8
100,0 6 1 . 2
1 6 0 ,0
100,0 1 8 6 . 2
6,0
9 .5
7 .6
0 7 .5
8,2
2 1 3 .0
1 3 7 .0
11.6
4 1 .4
8 ,9
8 3 ,6
11.0
68,0
9 4 2 .0
6 0 8 ,6
8 0 8 .0
200,0 2 4 8 . 0
110,0 4 8 2 , 7
1 2 6 ,0 1 1 6 .0
4 7 6 6 ,7
2 8 6 1 ,6
1 1 4 6 .1
1 0 0 6 ,9
2 4 1 8 .2
8 8 1 .5
2 6 6 ,7
88,1
8 1 ,9
4 1 .4
1 8 0 ,0
3 8 .3
210,6
3 1 3 .7
1 6 3 .6
9 6 .0
2 6 2 .4
2 0 4 .0
2 5 1 .0
1 5 5 .0
8 5 .8
1 1 4 .0
1 1 9 .0
8 5 .8
4 7 4 .3
9 0 .6
1 1 5 .8
3 5 .4
2 5 .8
2 3 .3
2 4 ,2
2 1 3 .4
1 8 3 .2
7 2 .0
3 7 .9
3 3 4 .0
2 7 2 .0
4 9 .4
7 3 .8
8 9 .7
11,6
20,0
1 8 ,7
4 0 .2
$
1 7 4 .4
2 7 4 .0
44,S
4 9 .4
1 1 8 .1
8 7 .9
1 0 6 ,0
1 5 3 .6
1 3 4 .0
7 2 .9
1 6 6 .0
1 3 7 .0
1 0 9 .2
2 7 0 .2
1 3 6 .7
4 0 .7
2 6 ,6
7 4 .4
9 0 .7
1 8 ,6
» ,7
8 9 .6
1 9 .7
6 0 .0
2 8 .7
6 7 7 ,9
668,1
4 0 0 .0
2 6 0 .0
2 6 0 ,0
(
1 4 4 .0
1 2 4 .0
8 0 .0
8 1 ,2
6 8 .4
8 8 .4
2 6 ,0
100,0
,
00,8
6 2 ,6
3 9 .1
$
8,0
2 6 ,0
6,0
6,0
5 2 ,5
1 0 7 ,0
3 0 ,0
4 8 9 ,0
48,6
10,0
8,0
100.0
” "4
1 2 3 ,9
20.6
3 0 .0
6 2 .8
6 ,3
1 2 4 ,1
1 7 6 .8
1 4 4 .3
8 7 .7
6 3 .0
100,7
88.8
3 7 6 .0
2 1 5 .3
4 8 .3
4 4 .6
3 8 1 .0
6 1 7 .0
3 9 .7
7 1 .4
6 5 .5
1 5 3 .0
6 5 .4
5 7 .4
4 7 .0
" « .l
1,0
10,0
21,4
20,0
12.3
89*6
127,0
7,2
20,1
41.2
17.4
4,9
12.4
36,8
8 7 .6
1 8 8 .9
12,5
2 5 8 8 2 0 8 1 ,0
1 7 3 ,3
7 7 ,4
11,2 3 8 1 . 9
7 3 .6 5 0 4 .8
58 2 1 4 9 . 9
7 8 .6
80.6
810,8
1 9 ,8
110,0
88,2
18,8
10,6
2030.0
2700.0
1627.6
1841.0
1261 5
1717.8
2769.3
1421.0
1821.9
2514.0
1124.0
6166.0
1713.0
1197.0
2825.1
1190.8
090.9
437.1
783.7
1001.3
122,0
160,0
010,3
1804.0
1881.0
1101.2
316.9
000,4
089.8
3301.6
4068.9
808,0
007.8
4106.0
3002.0
770.6
1011,2
496.6
918.1
498.1
071,0
760.2
639.0
087,2
7119.8
2 0 5 4 ,3
1307,0
1274,7
2323.9
989,9
T o t a l s J a n . 1 8 . . 9002.0 9 6 6 1 . 6 7 8 0 8 8 , 6 8 4 9 5 , 3 4 6 1 8 , 0 9 7 0 8 , 4 2261,1 79724.8
T o t a l s Jan. 1 1 . . 9 0 6 2 . 0 9 6 5 1 . 6 7 8 8 0 0 . 1 3 6 7 5 , 8 4 0 4 0 . 6 8 7 8 0 . 7 3188,6 79687.8
T o ta ls J a n .
4 . . 9 0 6 2 . 0 9 6 6 1 . 6 7 8 6 6 4 . 1 3 5 0 2 . 1 4 5 8 6 . 9 0 6 8 4 . 8 2498 4 8 1 0 5 5 , 6
1
5
4
3
1
9
5
TH E
188
OHKON1CLE
LVOL.
LXXIV,
The visible supply of grain, comprising the stocks in
New York City, Boston & P h i l a d e l p h i a Banks.—Below
we furnish a summary of the weekly returns of the Clearing granary at the principal points of accumulation afc lake and
House Banks of New York City, Boston and Philadelphia, seaboard ports, Jan. 18, 1902, was as follows:
Oats,
Byt,
Barley
Corn,
W lu a t ,
The New York figures do not include results for tbe nonbueh.
I n s to r e a t —
bush.
bush.
hath.
bush.
688.000
05,000
l e w Y o r k ............
4 ,3 4 4 ,0 0 0
935.000
177,000
member ban ks.
ia,ooo
IS A
Li l i f t .
Oavital .»
Surplus.
to. V.*
*
Dm. Sl£L- 184,041,7
Jan, 4. 183.241.1
IK
11.. 184.588.4
184.588.4
Jain. 4.
4>« ll ..
** 18..
P h tla .*
Jan. 4.,
** 11.
u 18..
Leyals.
Deposited
»
71,090,0
74.257.8
70,481,4
70,670,7
$
Loams.
«
*
857,900.2 1030 182
880,540.811048088
804,23(4,8 108 J22 7
807,530,111771058
9
31.850.1
81.874.2
32.018,1
31,006,6
118*6011
10250380
17000127
16082837
0,390,0 216,018,0 6,081,0 140,721,7
9,380.0 215.200.0 6.078.0 150.008,2
0,808,0 210.700.0 6 . 0 0 1 .0 149,601,0
57.632,9 185.512.0 14.881.0
67,633,0 186.830.0 in,030.0
62,001,6 180,000,0 16.100.0
88.716.3 178.547.0
38.715.3 174.873.0
20,725,0 176.501.0
010,800,8
830.204.1
020,982,8
838.722.2
Oire’Vn. Giearimj«
204.898.0 9,862,0 118.840.8
306.200.0 0,830,0 114,517,6
207.070.0 0,812,0 122.117.9
68,882,0
84.704.0
60.100.0
* W e until two ciphers in all these liguree.
• lu o la d l r m f o r B o s t o n a n d P h i l a d e l p h i a t h e I t e m * 'd a e t o o t h e r b a n k s . s
Breadstuff^ Figures Brought from Page 221.—The
*tatentente below are prepared by us from figures collected
by the New York Produoe Exohange. The receipts at
Western lake and river ports for the week ending Jan. 18#
and sinoe Aug. 1, for each of the last three years have been:
F le w .
Meteipt* at—
W h ea t.
Corn.
B arley.
Oats.
U yt.
Bblt.IOiHbi Bueh.aoibt Buth.seibs B u s h .m b t B u s h .m b t Bu.bOU
103,106
70,350
Ghieago......
Milwaukee..
Minneapolis.
T oledo........
450
6,700
14,786
87,130
27,800
482,725
205,000
178 088
2,893.360
48,000
10,580
49,785
90,607
30,000
61,200
740,637
152,050
136,920
252,860
68,952
190,863
691,340
448,736
485,000
1,486,155
202.800
0,240
94,470
109,000
75,080
141,804
491,000
204,900
148,800
380,700
328,700
5,499
68,800
800
46,000
77,000
8,110
12,470
4,800
D o
a flo a t ... .. .
............
■ o s t o n ...............
1 ,9 8 9 , 0 0 1 '
P h i l a d e l p h i a . , . ....... ...
8 * 8 .0 0 0
7 0 » ,O O S
B a l t i m o r e ......... . ........
S e w O r l e a n s ................
4 5 0 ,0 0 0
G la lv e s t o u . . . . . . . . . . . .
5 4 0 ,000
M o n t r e a l ......................
4 6 ,0 0 0
T o r o n t o ........ .
.....
3 7 ,0 0 0
B u f f a l o ................
5 ,0 0 1 ,0 0 0
D o
a flo a t ., . . . .
5 3 0 ,0 0 0
T o l e d o . . . . .. .........
211,000
Do
a f l o a t . , , , , , ............ .
J O t r o l t ..........................
6 2 8 ,0 0 0
D o
a flo a t .. . . . .
............
J h i o a g o ......................... 0 , 8 8 7 , 0 0 0
Do
a f l o a t ....... .
4 1 7 ,0 0 0
4 6 2 ,0 0 0
M i l w a u k e e ...................
Do
a f l o a t . . . ........................
f t . W i l l ’m * P t . A r t h u r 8 ,7 2 8 ,0 0 0
J u l u t h ........................... 9 .6 9 1 ,0 0 0
D o
a flo a t .,,,..
6 1 1 ,0 0 0
M i n n e a p o l i s . . . . . . . . . . 1 8 ,« 9 7 .o o u
I t L o u i s . . . . . . . . . . . . . . . . . . . . . a , 4 3 0 ,000
D o
a f l o a t . ............................
K a n s a s C i t y . . . ..........
1 ,6 8 0 ,0 0 0
P e o r i a ...........................
6 7 8 ,0 0 0
I n d i a n a p o l i s . .. . . . . . . . . . . .
2 9 0 ,0 0 0
609.000
40.000
330.000
60.000
83.000
81.000
188,000
9,000
170.000
9,000
598.000
' 86,000
459.000
3 1 6666
fl.OOO
312,000
25,000
lei.odo
10,090
4,720,000
639,000
103,000
•olooo
884,000
1,019,OH'
77.000
46.000
281,000
102,000
402,000
286,000
104,000
1,460,000
281,000
96,000
78,000
108,000
104,000
840.000
317.000
160.000
103.000
167.000
20,660
2,000
...........
.........
3,000
113,000
iili.odo
84,000
987,000
m Mississippi A irer.................
J n L a k e s ..........................................
On ca n a l a n d r iv e r ...
4 6 ,0 0 0
T o t a l Jan. 18,1902.. 50,273,000
T o i a . Jan. 11. 1002.. 68,077,000
T o t a l Jan. 19,1901,. 61,108.000
Total Jan. 20, ieoo.. se,653,000
T tal Jan. 21, 1899.. 28,878,060
1 4 ,7 8 6
1 1 ,0 9 5
1 4 ,9 6 4
1 1 ,0 0 9
1 8 ,8 6 3
2 6 ,0 0 0
8 5 ,0 0 0
...
1 1 1 ,5 3 3
4 8 ,0 0 0
2 8 ,0 6 0
4 1 ,5 0 0
. ........ .
.......
2 0 ,0 0 0
....... . . . . . . . . . . . . . . . . . . . . . . .
.......
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..................
..................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. ........ .
Total week......... 346,016 1,820,839 277,084
771,131
Week 1901.. .. . . . . . 306,761 2 ,018,781 4,487,908 1,224,838
27,050
148,694
4 500
40,820
* Receipts do n ot Include grain passing through Naw Orleans lor toreltn
p eril on through bill* o f 1adlns.
1908.
1 ,8 2 4 ,3 2 8
1901.
1 ,2 2 7 ,3 7 4
1900.
1 ,0 1 4 ,7 4 8
1899.
1 ,6 0 1 ,8 2 1
W h e a t . . . . . . . . ............ b u s h ,
C o r n . .. . . . . . . . . . . . . . . . . . . . . . . . . . .
"
O a t s ..................
*
B a r le y . . . . . . . . . . . . . . .
“
R y e . ....... . . . . . . . . . . . . . . . . . . . . . .
“
5 ,1 9 1 ,7 1 4
1 ,0 8 4 ,6 2 9
2 ,4 0 4 ,4 0 4
1 8 8 ,8 2 6
4 5 ,3 0 8
5 ,9 8 8 ,0 3 7
1 4 ,6 8 6 ,6 2 3
3 ,9 1 4 ,0 3 2
5 6 9 .3 0 8
1 4 8 ,5 0 0
4 ,2 8 5 ,1 8 4
9 ,8 2 9 ,2 3 8
3 ,7 8 9 ,1 3 4
9 5 9 ,5 7 7
1 5 7 ,7 4 3
1 0 ,7 2 8 ,4 0 6
1 0 .6 7 7 ,0 4 3
8 ,7 8 1 ,8 7 9
5 0 0 ,2 0 8
8 7 4 ,5 3 7
8,859,381
25,190,490
18,970,874
28,482.071
R eceip ts Of—
Total grain........
“
S loc k s.
Wheat,
Mssportt f r o m - bush.
2 6 7 .C 5 S
4 7 3 ,6 3 7
1 1 1 ,6 3 8
1 0 4 ,0 0 0
8 0 ,0 0 0
8 0 ,0 0 0
............
8 5 ,0 0 0
.............
4 8 ,0 0 0
C orn ,
bush.
1 5 .0 9 6
1 9 ,2 0 0
3 5 ,7 1 4
1 4 9 .7 2 8
8 ,6 2 7
flo u r ,
bbls.
1 0 2 .C 8 2
1 7 ,6 2 0
1 1 ,0 0 9
3 2 ,7 0 3
5 7 ,6 4 2
2 ,9 2 1
2 0 .0 0 0
By*.
O a ts.
bush.
3 8 ,1 8 8
2 ,1 2 0
bush.
800
.....
P eat,
bush.
1 0 ,9 6 1
Barley
bush.
U n it e d K in g d o m
C o n t i n e n t ............
8 . & 0 . A m e r ic a .
W e lt I n d ie s .___
B r .N .A m . O o l o 'l
O th e r o o n n tn e *
181 872
2 2 ,6 8 9
2 0 ,4 0 8
8 1 ,7 7 3
4 ,1 9 3
8 ,4 4 7
5 ,8 2 2 ,4 2 5
1 , 6 8 3 , O BO
5 4 3 ,0 4 3
6 5 4 ,0 7 6
0 4 ,0 4 4
1 8 7 ,5 4 2
60
1 6 ,0 2 0
T o t a l . . . ............
o t a l 1 9 0 1 -0 2 .,..
2 0 8 ,8 2 2
2 0 8 .1 8 8
8 ,9 8 6 ,8 2 8
9 ,2 3 0 ,2 1 8
1,600
56,988
861,835
800
6 0 ,4 6 8
W eek S in ce J u ly
Jan. 1 8 . 1 , 1 9 0 1 .
busk .
bush.
967,063 41,779,814
241,560 48,487,825
...........
60,066
50
2 0 6 ,4 0 4
1 ,1 9 9 ,8 2 8
2 ,1 7 0 ,1 2 2
Ponds.
$150,000 Pitts. Shaw. & Nor.
1st 5 s...............................eips-esog
JStocJcs
2,000 Phoenix M ining C o .2 c. a sh.
1,400 Tiffin St. B y. C o.......... $12
" g it m u t lu t
Spencer Trask & Cos?
BAN KERS,
2 7 Sc 2 9 P I N E S T R E E T ,
-
NEW YOKE
Transact a general banking business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES-
:: : : : : :
G
S tock E x ch a n g e .
e o r g e
B
a r c l a y
M
...........
50,0041
B r a n c h O ffic e , 6 7 S t a t e S t „ A lb a n y
1 5 ,6 7 2
,- - - - - - - - - - F lo u r. - - - - - - - - - - , r~ . . . . . - W h e a t.- - - - - - - - - .
W e e k S in ce J u ly
Jan. 1 8
1 ,1 0 0 1 .
bbhi.
bbls.
37,000
2.421.000 2,181,000
2.409.000 2.149.000
1.217.000 2 011,000
1,218 OOO 1.920.000
1.797.000 8.854.000
S to ck s.
HatxMtxg a M
M em b ers N , Y
2 8 .1 2 3
0 0 ,6 9 8
........... .
6 0 ,9 9 2
The destination of these exports for the week and since
July 1,1901, is as below:
E x p o r ts f o r
w eek a n d sin c e
J u ly 1 t o —
10.000
75 F ifth A ve. Trust C o .650*8-671
10 M echanics’ Nat. B a n k ,..302*2
7 0 F ourth Nat, Bank 238*4-2387e
Cert, o f Mernb N. Y. Prod.
E xeh (all dues p a id )...206
27 Singer M an’f’ g C o....... 246-251
50 Geo. A. Fuller C onstruc
tion Co., p r e f.................. 101
20 Cent. R ealty Bd. & Tr. Co.566
IO N . Y . R ealty C o.................156
80 Century R ealty C o ..........100
10 Nat. Shoe & Leather B k .l2 5 * s
25 N at.B ank ofN o.A m erioa,
w ith righ ts....................... 351
300 P laya de O ro M ining Co.
(Trust e e rtif.).........$1 per sh.
6 No. Am er. T rust Co. and
$66 67 do. scrip ............261*s
10 T itle Guar. & Trust C o .. .596
Ponds.
$500 A m erican Thread Co.
1st 4s, 1919, J. & J . ............. 84
$4,000 N. Y . & South B ’ klyn
F erry Steam Trans. Co. 5s. 75
$6,000 Judge Co. o f N. Y .,
Class “ A ,” purchase m oney
4s, 1909, J . & D . . ..............
37*s
Ponds.
$37,000 Tiffin & Inter-U rban )
Consol. R y. 1st 6 s .......... .
$50,000 Selma R om e & Dal- >$31
ton RR. 2d 7 s .............. .
$2,000 N. J. M idland R y. 7s. J
... ....
1 1 ,0 9 5
357
1 8 ,3 6 8
Total w e e k . 1 . 1 9 9 , 2 2 8 388,865 208.828
Same time’Ob.2,170,123 5,006,627 293.183
141,660
By Messrs. Richard V. Harnett & Co.:
The exports from the several seaboard ports for the week
raiding Jan. 18, 1902, are shown in the annexed statement:
» e w Y o r k -----B o l t o n .............
P o r t la n d , M e .
P h ila d e lp h ia ..
B a lt im o r e .,...
H e w O r le a n s ..
N o r f o l k ..........
N e w n ’rt N e w s
G a lv e s t o n ..
S t . J o h n .N .B .
00,000
1.002.000
Auction Sales.—Among other securities the following, not
reguiarly dealt in at the Board, were recently sold at
auction,
By Messrs. Adrian H. Muller & Son:
Total receipts at ports from Jam, 1 to Jan, 18 compare as
follows for four years:
F k > u r „ . . , , , . ..........., . . . b b l s .
78.000
44.000
22.000
4.212.000
11.762.000
11.048 000
4.544.000
11.743.000
9.541.000
14.100.000
5.083.000
80.00
L,0000.980.000
50 Nat. B ank or Com.351 V-352%
10 Manhattan L ife Ins. Co.41Q
, , , , , , , ,
....................................
Cleveland...
140 Chatham Nat. Bk.330*s-339*s
58,600
9.760 120 Oriental B a n k ................. 221
St.LoaU ....
28,400
8,600
Peoria.........
35 Bowery B an k.................. 334
20 Im port. & Trad. Nat. Bk.627*a
Sanies City.
30 Bk. o f the State o f N. Y .I7 2
3,705,501
3,148,637
3,000,915
856,899
167,136
Tot.wk.10C2
848,812
30 E .R iv.M ill & Lum ber Co. 25
879,406
297,784 3,754,718 6,018,931 S 821,858
113,990 100 V ulcan Metal Refln’ g Co.
Same wk.’Ol.
o f Sewaren, N. J ............ l i O ^
849.730 3,067,637 3,070,887 3,095,695 1,009,821 125,294
Same wk.’OO
46 A dirondack Land & In
Since Aug. 1 .
vestm ent Co. o f N. Y .$ 5 0 lot
1801-03......... 11,221,242 104,377,422 72,092.543 79,907,65? 31,574,074 3,863,097
5 W illiam sburg Trust C o ..216
1800.01.........
9.784,987 143,934,286 100,823,241 88,017.111 30,782,810 8,040,850 150 Nat. Citizens’ B ank 229*8-231
1899-00.........
50 B ow lin g Green Trust C o.205
9,804.668 131,968,6071110,618,680 89,401,233 37,002,607 8,806,732
37 L aw yers’ T itle Ins. C o ..325
5 M orton T rust C o..........1180*2
The receipts of flour and grain at the seaboard ports for
23 Central Nat. B a n k .___ ..2 0 5
30 Bank o f A m erica ............ 585
the week ended Jan. 18,1902, follow:
14 Nat. Park B an k .................640*2
30 Continental Ins. 00.665*3-669
now ,
Wheat,
Corn.
Oats,
B *rl*v
By*,
B iteip ts a t —
b b lt
b u sh .
bueh.
bush.
bush.
buth.
50 Manhattan Co. B ank ___ 3 2 9 7e
N e w Y o r k . . . ...........1 8 9 ,9 9 3
8 7 9 ,7 0 0
8 4 ,0 0 0
5 1 0 ,0 0 0
1 8 ,7 0 0
4 ,5 0 0
40 H an over Nat. B a n k .........684*4
B o s t o n , . .....................
1 7 ,6 2 8
4 7 8 ,8 3 7
1 9 ,2 0 0
2 ,1 8 0
................ .
30 N .Y .8ee.& T rust C o.1350-1353
M o n t r e a l . . . , - ............ ..
4 ,8 7 0
6 4 ,7 0 0
8 ,8 0 0
6 3 ,1 5 3
6 ,5 5 8
..............
20 B rooklyn A cad, o f M usic
P h ila d e lp h ia ..........
6 1 ,9 0 0
9 3 ,9 3 1
8 6 ,7 6 4
1 0 9 ,0 0 8
2 ,4 0 0 . . . . . . . .
(with tick e ts)..................119
B a lt im o r e ... . . . . . . . . .
5 7 ,6 4 2
8 0 ,0 0 0
1 4 9 ,7 2 8
60
.............................
38 G reenw ich B a n k ........... 200*4
B le h m o n d .., .. . . . . .
8 ,2 6 8
9 ,8 4 8
7 0 ,5 6 2
5 4 ,3 9 0
..........................
H e w O r l e s t u * - .........
N e w p o r t N e w s ...........
N o r f o l k ............ . . . . . . . . . . .
P o r t l a n d , M e ..............
S t .J o h n ,
’ 74,006
,- - - - - - - - - - C orn . - - - - - - - - - - - .
W eek
S in ce J u ly
Jan. 1 8
1, 1901.
bush.
bush.
1 6 5 ,7 7 1 1 0 ,1 2 9 0 7
4 2 8 5 7 8 ,8 7 0 9 1 0
1 ,8 6 1
5 7 8 ,9 9 7
2 5 ,3 0 1
0 2 0 6 -3
3 ,0 0 0
1 0 3 .9 1 0
1 ,0 8 6
1 7 6 ,9 0 3
9 0 ,4 7 8 ,7 0 9
2 8 8 ,8 6 5
7 0 ,7 6 1 ,1 7 0 6 ,0 0 5 ,0 2 7
2 0 ,5 8 3 ,8 7 6
8 8 ,5 1 5 .8 3 4
M
o f f a t
,
A
l e x a n d e r
W
BAN KERS,
o f f a t
M . W
h i t e
h it e
J
b
.
,
M e m b e r s N e w Y o r k Stock E x c h a n g e ,
N o, 1 NASSAU S T R E E T ,
-
NEW ¥ O R K .
INVESTMENT SECURITIES.
Tracy & Co., Bankers,
N o. 4 0 W a ll S tr e e t, N E W Y O R K .
C H IC A G O .
C o n n e c te d b y p r iv a te w ir e .
M I1 A Y A U lU s lS ,
Dealers In H igh tirade B oiu li,
L i s t o f C u r r e n t In v estm en t O f t r im s s en t o n A p p l i c a t i o n ,
Oeinml<i>l«n O rd er*
Members 1i CM he iwc aYg oo r Sk t So ct ko c Ek x Ec hx ac hn ag ne g e ,
E x e c u te d lu a ll . l U r k r o .
January
THE
25, 1902.J
CHRONICLE
189
grain for payment, 4 844*4 84Pi; cotton for payment,
4 83%@4 83%; cotton for acceptance, 4 88%4*4 84.
Posted rates of leading bankers follow:
|pau&ers' (i&fcette*
N N D S •
H ix ty D a y s
J a n u a r y 24
W h en
P er
C ent P a ya b le
N am e o f C om pany.
R a ilro a d s (Sieam )Buffalo Rooh. & Pittsburg, corn;.........
do
do
do
prof...........
Cldc. St. Paul Minu. tfc Omaha, com—
do
do
do
do prof—
Cleve. Clnn. Clue. & St. Louis, com__
Dubuqe <fc Sioux C ity.............................
Erie, istp re f...........................................
North C a ro lin a .......................................
XJtioa Clinton & Binghamton...............
Street R a ilw a y s .
American L ig h t & True., prof. (quar.).
Denver City Tramway (quar.)..............
Newport News ifc Old P. Ry. <& Eleo.,pf.
West Chicago St. R R ., guar. (quar.)...
H a u ks.
Astor National (quar.)...........................
Corn Exchange.......................................
German-Amenoan..................................
Pacific (quar.)..........................................
T ru st Com panies.
C it y ...........................................................
Farm ers’ Loan & Tru st (quar.)............
Hamilton, Brooklyn (quar.).................
K in g s County, Brooklyn (quar.)...........
Nassau, Brooklyn....................................
F ir e Insurance.
Ph enlx......................................................
M iscellaneous.
Allis-Chalmers, pref. (quar.).................
American Ice, com. (quar.)...................
Audit Co., com.........................................
do do pref.........................................
B e ll Telephone of Philadelphia............
Central Fireworks, com.........................
do
do
pref.........................
Claflin, H . B., 1st pref. (quar.).............
do
do 2d pref. (quar.)..............
Colorado Fuel & iron, pref...................
Consolidated Car H e a tin g ....................
do
do
do (extra)........
Hudson R iver Telephone (quar.)........
International F ire Engine, pref...........
Jefferson & Clearfield Coal & Iron, pf.
Lo uisville (K y.) Gas...............................
National Bridge, com ............................
do
do
pref. (quar.)..............
New EnglandTelep. & Teleg. (quar.).
Omaha Water, 1st pref...........................
do
do
2d pref............................
People’s Gas L . & Coke (quar.).............
Pressed Steel Car, com. (quar.).............
do
do
do pref. (quar.)............
Pullman Company (quar.).....................
U . S. Bobbin & Shuttle, com. (qu.)......
do
do
do
pref. (quar.)..
WestinghouseE.cfe Mfg.. asst. stk. (qu.)
*2
Fob
Fob
Fob
Fob
M ar
.) au
1*2 Fob
3 >2 F ob
1-‘.J F ob
15
15
20
20
1
10
28
1
8
l 1*
1
2 Hi
l*a
F ob
F ob
Jan
F ob
15
10
30
15
5
6
3
2
Feb
F ob
F eb
F ob
3
5
3
I
4 F eb
10 F ob
2 F eb
2 >2 F eb
3 F eb
5
134
1
10
8
2
1
3*2
iq
iq
4
iq
iq
iq
3q
2q
2q
iq
1*4
iq
2q
i
iq
i
134
2
$1 50
$1 75
134
H ook s C losed.
( D a y s I n c lu s i v e .)
H olders
H olders
H olders
H olders
l‘VI> 9
o f roc.
o f roc.
nt rec.
of rec.
to
F ob 6
Fob 6
F ob 5
F ob 5
M ar 2
to
Feb 1
F eb 28
H olders of roc. Jan 10
F ob 1
to
F eb 16
H olders of rec. F ob 6
Jan 26
to
Jan 30
to
F ob 6
1
1 Jan 23
1 Jan 25
1 Jan 22
to
to
to
F eb 1
F ob 1
Jan 31
1
1
1
1
1
to
to
to
to
to
F eb 2
F eb 2
Jan 31
F eb 2
F ob 2
Jan
Jan
Jan
Jan
Jan
29
19
26
26
28
On dem H o ld e r s o f rec. Jan 20
F eb
Feb
Jan
Jan
Jan
Feb
F eb
Feb
Feb
F eb
Feb
F eb
F eb
M ar
F eb
1
15
23
23
25
10
10
1
1
20
1
1
1
1
15
Jan 26
to
F eb 2
to
H old ers o f rec.
H old ers o f re c.
to
Jan 24
F ob 4
to
F eb 4
to
to
Jan 25
Jan 25
to
Jan 1
to
F eb
F eb
Feb
F eb
F eb
F eb
F eb
F eb
F eb
F eb
F eb
F eb
6
,6
15
10
10
25
28
25
15
1
1
15
Jan 30
to
Jan 30
to
F eb 1
to
H olders o f rec.
H olders of rec.
F eb 16
to
to
F eb 8
F eb 5
to .
to
F eb 2
Jan 21
to
Jan 21
to
F eb 1
to
F eb
F eb
Jan
Jan
Jan
2
16
23
23
26
F eb 2
F eb 2
F eb 20
H old ers o f rec. Jan 20
Jan 31
to
F eb 10
H old ers o f rec. F eb 5
F eb
F eb
F eb
F eb
F eb
F eb
F eb
F eb
F eb
F eb
F eb
F eb
6
6
14
1
1
25
27
24
16
1
1
16
W A L L S T R E E T . F R I D A Y . J A N . 2 4 , 1 9 B 2 .-3 P . M .
There is
a somewhat better feeling: in Wall Street this week than
for some time past, although business at the Stock Exchange
is still greatly restricted. The transactions in stocks have
averaged only about 420.000 shares per day, against 975,000
shares for the corresponding week last year. Perhaps both
averages may be considered abnormal, which if true leads
to the conclusion that there is sure to be an increase over
the present small volume of business, as there was a de
crease from that of a year ago. Moreover it is easy to
imagine such a change in view of the easier and more set
tled money market conditions at home and abroad, the
favorable internal trade situation and the large amount of
capital ready for investment. Evidence of the former is
seen in a reduction of the Bank of England’s discount rate
from 4 to 3% per cent, and a further accumulation of funds
in New York City banks; and of the latter in an increasing
demand and firmer market for railway bonds. National Salt
has been infrequently traded in of late, and when a few shares
were offered on Tuesday the common found no takers above
20 and the preferred above 68. W ithin a year these issues
have sold at 50 and 84, respectively.
T he open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 4 per cent. To-day’s rates on call were 2 to 3%
per cent. Prime commercial paper quoted at 4 'cb5 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £981,813, and the percent
age of reserve to liabilities was 49-12, against 44-61 last
w e ek ; the discount rate was reduced from 4 to 3% per cent.
T he Bank of France shows an increase of 13,675,000 francs
in gold and 2,500,000 francs in silver.
The Money Market and Financial Situation.—
NEW YORK CITY CLEARING-HOUSE BANKS.
1902
Jan. 18
D ifferences
fr o m
previou s toeek
$
8 3 ,8 2 2 ,7 0 0
C a p i t a l ............................
S u r p l u s .....................
1 0 0 ,7 6 5 ,7 0 0
Loan* <fc d i s c o u n t s 8 6 7 ,5 2 9 ,1 0 0 In o
$
1901
Jan . 19
$
1900
Jan. 20
$
59,422,700
80,980,200
680.817.200
16,294,600
765,518,100
162,607,800
62,957,400
N « t d e p c i s l U ...........
S p e c i e .......................
L e g a l t e n d e r * .........
9 3 8 ,7 2 2 ,2 0 0 Ino 11,739,600
1 7 7 ,1 6 5 ,3 0 0 In c 8,942,600
7 6 , 5 7 6 , 7 0 0 In o
95,300
74,222,700
92,267,500
830.873.400
30,973,200
921,787,200
184.652.800
73,050,600
R e s e r v e f i e l d ...........
L e g a l r e s e r v e .........
2 5 3 ,7 4 2 ,0 0 0 Ino
2 3 4 ,6 8 0 ,5 5 0 In o
257.703.400
230.446.800
216.565.200
191,379,625
e o r i/lr i* r e s e r v e
1 9 ,0 6 1 , 4 5 0 t no 6.103.000
___
27 266 ,000
N oth .—Returns of separate banks appear on page 187.
_________
24.185.075
C i r c u l a t i o n ............i
3 1 , 9 9 5 , 6 0 0 D ec
3,292,300
18,100
0,037,900
2,934,900
F oreig n E x ch a n g e.— T he foreig n e x c h a n g e m a rk et has
been dull and easy, a ttra c tin g less a tte n tio n than o f late on
m ore settled foreig n and d o m e stic m on ey co n d itio n s.
T o -d a y ’s actu al rates o f e x ch a n g e w ere as fo llo w s : B a n k ers’
s ix ty d a y s’ sterlin g , 4 84%i®4 84% ; d em a n d , 4 87@4 87% ;
cable. !, 4 87;;-4*4 87% ; prim e c o m m e rcia l, s ix ty days, 4 83%(<e
4 84; d ocu m en ta ry co m m e rcia l, s ix ty days, 4 83% @ 4 84% ;
D em and.
4 86
Prim e bankers’ sterlin g bills oil L ondon.
Prim e com m ercia l............................................ 4 83 q >a>4 84
4
83
q
-94 84 q
Docum entary com m ercia l............................
Purls bankers’ ( F r a n c s ) ............................. 6 1 H V '<06 186,
40
4 0 1ie
Amsterdam (gu ilders) ba n k ers...................
* 9 5 'i«
(Trunkfort, or Bremen (relohm ’ks) bankers 95
4 88
6 i 6 v -as i s q
40yi* 'at 40 q
96«s ra 057,«
Less q«.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 75c. discount, selling 75o. premium: Charleston,
buying l-l(i discount, selling 1-10 premium: New Orleans,
bank, 25c. discount; commercial, 81 00 discount; Chicago,
40c. per $1,000 premium: St. Louis, par; San Francisco,
12%o. per $100 premium.
U n ited S tates B on d s. —Sales of Government bonds at the
Board include $4,500 3s, coup., at 108% to 109; $500 3s, reg.,
at 108, and $3,000 4s, reg., 1925, at 139. The following are
the daily closing quotations ; fo r y ea rly ra n g e see th ird p a ge
f ollow ing.
I n te r e s t
P e r io d s
2s,
2s,
2s,
2s,
3s,
3s,
3s,
3s,
4s,
4s;
4s,
4s,
5s,
5s.
19 30............ registered
19 30...........
1930 .am a.l.registered
1930 .small ___ coupon
1 9 18........... registered
19 18........... . . . coupon
1918, sinall.registered
1918, small ___ coupon
1907........... registered
10 07...........
1 9 25........... registered
1925........... . . . coup on
1904........... registered
1 9 04...........
Jan.
18
Jan.
20
Jan.
21
Jan.
22
Jan.
23
Jan.
24
Q —Jan *1 0 8 's *108*8 *108% *108*8 *108*8 * i o s q
Q —Jan * i o 8 q *108*8 *108*8 *108*8 ‘ 108*8 *108*3
. . . . . . ...... . . . . . . ...... . . . . . . . . . . . .
__ .. .. ...... ...... ...... ...............
Q —F eb
Q —F eb
Q —F eb
Q —F eb
Q —Jan
Q —Jan
Q —F eb
Q —F eb
Q — F eb
Q —F eb
*107*4 *107*4 *108
*10834 *108*4 109
...... ___ ___
*108
*111*4
*111*4
139
*139q
*106*8
* i0 7 q
*108
*111*4
*111*4
* i3 8 q
*139q
*106*8
*107*3
*108
*108
*108
*108*4 *108*4 *108*4
___ ___
*108
*108
*108
‘ I l l ’ s ‘ I l l ’ s ,‘ I l l ’ s
‘ I l l ’s ‘ I l l ’s ‘ I l l ’s
*138*4 *138*4 *138*4
*140
*140
*140
*106
*106
*106
* 1 0 7 q *1 0 7 q *10 7q
♦ T h i s l a t f i e p r i c e b i d a t t h e m o r n i n g b o a r d ; n o sa le w a s m a d e .
*108
‘ I l l ’s
‘ I ll’s
*138*4
*139*4
*106
*10 7 q
S ta te and R a ilr o a d B o n d s .— Sales of State bonds at the
Board are limited to $9,000 Virginia fund, debt 2-3s at 99%
and $2,000 North Carolina con. 4s at 104.
The railway bond market, again more active—the daily
transactions averaging about 50 per cent more than last
week—has been relatively firm, and the decided ^strength of
some issues indicates an increasing investment element.
Stock and Bond Sales.—The daily and weekly record of
st ick and bond sales at the various stock Exchanges, for
merly given on this page, has been transferred to a place by
itself. It will be found to-day on page 198.
Railroad and Miscellaneous Stocks.— The market for rail
way shares was dull and heavy at the beginning of the week.
Prices generally declined on Monday and Tuesday, but the
tone improved as the week advanced and, notwithstanding
a tendency to weakness during the late hours to-day, a sub
stantial recovery has been made in many cases. Lackawanna
fluctuated widely, covering a range of 10 points and closing
near the highest. Metropolitan Street Railway has been
notably active and attracted attention by advancing over
3 points on Monday, when practically the entire railway
list was on the decline. Metropolitan has continued to go
higher and closes with a net gain of 8% points. Chicago
& North Western has also been conspicuously strong, both
the common and preferred having advanced about 5 points.
St. Law. & Adi. has made a gain of nearly 8 points. Atchison,
Union Pac., Rock Isl., St. Paul, Erie, hi. Y. Cent., Manhattan
El. and some other issues have inclined to weakness.
Tnere have been several erratic features of the miscellan
eous list, including American Tobacco, which sold on Mon
day at 300, against 200 last week. Subsequently it was
dropped from the list. National Salt declined sharply oh
the marketing of a few shares. Glucose Sugar Refining
advanced over 5 points, the most of which it lias held, and
American Sugar, after losing 3 points, closes 4% points
above the lowest.
O u tsid e- M a r k e t. —The demand for curb securities has
not been large this week, and during the first few days the
weakness of Standard Oil stock adversely affected the whole
list. Subsequently, with the strengthening of the stock
mentioned, the market improved, and with a fairly large
amount of business to-day, practically, all of the more active
issues close higher than last Friday. Standard Oil closed
last Friday at 640, but by Monday, influenced by talk of a
reduced dividend, got down to 615, the lowest price since
October, 1900. Later, recovery ensued, and the stock closes
to-day at 665. Some of the other securities which advanced
were Norfolk & West. 4s, 93% to 94%; Northern Securities,
102% to 104%; Dominion Securities, 86 to 90 (ex div. 2%£);
Hackensack Meadows, 51 to 54; American Hide & Leather
preferred, 40 to 41%. American Light & Traction common
from 25% bid to 31 (sales) and preferred from 89 bid to 91
and 90% (sales). Havana. Commercial preferred rose from
47 yesterday to 54 to-day. American Can preferred ad
vanced to 59 from 56% and Pocahontas subscriptions to
127% from 126. N. Y. Transportation was firm at 12@12%.
Seaboard Air Line stocks, though dull, have been dropping
gradually, selling down to 23% for common and to 46 for
preferred. American Tobacco common stock (95 per cent
having been exchanged) was stricken on Tuesday from the
Stock Exchange list, and now appears on the curb ; it has
since been traded in there at from 296 down to 248; it closed
at 250. Copper stocks became stronger and more active to
day, and several gained fractionally. Outside quotations
will be found on page 196.
]\lew York Stock Exchange—Stock Record* Daily* Weekly and Yearly
O C O IJ V V IN i
S T 0 0 ATS'—211Q.R E S T A N D
S u tn r it U(J
J m i, 28
M onday
Jan, 20
T u esd a y
Jan, 21
*3 2
35
* 01
04;
<0-4 i i y
9 7 h 98%
ld y % 104
00 'y ID)
64 'y 00
■*i 1 o 1L0
'1 1 3
1 45
*125 139
114 114%
a o ’-‘a
im
lo o
40 % 47 %
54
.>o Atj
*7 6 'xi 76%
134
13 q %
138
2 2 °4 *26 Ls
•*91
02 %
*83 ha 85.
44
44%
5 2 % 53 %
§ 70 % 7 0 %
l b o 1-! 104 U
2
0 2 lO
230 233
l e d 1,! 158
*138
145
*185
195
17% ig
3 2 % 33 %
*9 5 % 97%
* 1 1 8 122
*35
4o
*77 % 82
14% 15
6 1 % 61%
2 9 % 29 k*
lio
175
20 1 20/ %
*42 % 44 D
01*6 9 1 7g
* ----- . . 50
* .......... 50
*3 2
35
•0 L
65
7 4% 76
9 0 % 97%
101 % 102 %
96
96 %
0 4% Ob
* 1 1 4 120
143 143
'1 2 5
139
114% 114%
86
80 %
7190 192
46
46 %
3o
35
7 0 % 76 %
\l£}5 % 135 %
r......... 138
23% 23%
*91
93%
84
84
43% 44 %
5 1 % 52%
?D’% 7 0 %
101% 163%
*180 1 8 8 %
2 0 9 211
§ 2 3 3 23 4 %
155 1 5 6 %
v140 150
* 185 195
* 1 6 % 18
33
33
90% 96%
* 1 1 8 121
m
10
*'77% 82
1 4 % 14%
01
61%
2 a l4 2(1%
172 173
* 2 6 4 207
*42 % 44
9 1 % 91%
* .......... 5 0
49
49
*3 2
35
’’ 01
b4
7 4 % 75%
90
90%
101%. 102%
90
96 %
Od
05%
*114 113
n il
143
*125
139
-1 1 4
114%
*80
80 %
*188
192
45%. 4 6 k
3 3 % 34 %
70
70 %
154% J 50
*135 1 4 0
2 3 % 22%
*9 1
92 %
*8 3 % 84
44
44%
51% , 52 %
'7 5 % 7 0 %
101% 102%
"1 8 0 188
210 212%
..........
155% 150%
*140 148
*185 195
*1 6 % 18
*81% 33
9 6% 96%
1 1 8 118
*35
40
* 7 7 % 82
14 % 14%
6 0 % 01%
2 8% 29%
*172 175
2 6 3 % 271
* 4 2 % 4 3%
9 0 % 91
* ........ . 46
—
* -------*19
*19-8
40 72 l4
5<°4
*oi
A33
*30%
*135
i4
1 4 4 * .......... 14
37
A----- 37%
10% *1 0
10%
20
*1 8 % 19%
41%
3 9 % 4 0%
73
71 % 72 %
08%
5 6 % 57
58
*57
58
88
*8 3
88
3 2 E *3 0
33
186% 1 8 5 % 186%
74
0 9 % 6 9 5g
*82
83
1*>9% 139%
3 8 % 38%
*72
721.2
30
30
8 3 % 83%
- - - - - ..........
*35
39
13% 13%
*35
36
*10
10%
* 1 8 % 19%
89 % 39%
7 0 % 71%
56
50 %
*50
58
*S3
88
*3 0
32%
184% 185%
L O IVES T ,4A L E E E 1C E S
W ed n esd a y 1 ''Thursday
Jan, 22
J a n. 2 8
*3 2
35
' 01
04
I f , 1* A T;1
96
90%
102 1 0 2 %
*96
97
05
00%
111 118
141 143
’ 125 139
I I 4-4 114%
85% 80%
% 86
190
4 0% 4 0 k
b 3 % 34
" 10 % 7 0 %
135% 1 3 5 %
-1 3 5 140
22 % 23
*9 1
92
83% 8 4
* 4 8 % 44%
5 1 % 51%
/0
76%
1 0 1 % 163
211 % 216
2 3 4 238
15 5 % 156%
*140 150
*183% 184
* 1 6 % 1 7%
§ 8 8 % 3 3%
9 0 % 96%
1 1 8 118
*35
40
*7 7 % 82
1 4 % 14%
6 0% 60%
2 8 % 29
*1 7 3 175
271 273%
43
43
*9 0 % 90%
*2 0
45
*30
55
*3 4
39
* 1 3 % 15
*35
36
§1 0 ‘s 10%
-1 8 % 30
38 % 39 %
70
71
50
56%
-5 7
58
§88
88
-2 8
33
*1 8 3 186
1 0 % 10 %
6 7 % 68%
6 8 % 68%
82
82%
8 2 % 32 %
1 3 8 % 139
1 3 8 % 13 8 %
39
3 8 % 38% *3 7
72
72% *71
72%
” 3 5 % 37
*35
37
82% 83
83
83%
*1 9
20
1 9 % 19%
*43
45
*43
45
*1 0
15
n o
14
*4 0
45
*4 0
45
65
67
*60
69
* 1 2 5 129
*1 2 5 128
11
69
82 %
138%
38
§73
35
83
*19%
” 43
” 10
*40
65%
12 i
11
69
82%
13 8 %
38
73
3 5%
83%
20
45
15
45
65%
128
*10
10
*40
45
07% 69
* 1 2 7 1 29
* 3 3 5 350
*80
83
*79
81
*79
83
*7 9
83
1 0 5 % 105% 1 0 4 % 1 0 5 % 1 0 4 % 1 0 4 % 105 105%
1 3 6 ^ 1 3 7 3 8 1 3 5 % 13 6 % 1 3 5 % 136% 1 3 5 % 1 3 6 %
1 63 165
16 4 % 16 7 % 1 6 7 % 16 9 % 16 7 % 171%
*4 0
42% -3 9
* 3 8 % 42
4 2% * 3 8 % 4 0
*9 0
92
*90
91 %
§90
90
*9 0
92
28% 28%
2 7 % 28
2 7 % 2 7 % * 2 8 % 29
15% 1 5 %
1 5 % 15%
1 5 % 15%
1 5 % 15%
, ____ _ .___ _ --------- 16o
* 1 4 0 175
*4........165
1 0 6 % 106% 1 0 6 % 1 0 6 % 1 0 0 % 100% 1 0 0 % 1 0 6 %
* 1 1 8 120
118% 118%
*1 1 6 119
39
39
39% 40%
38
39
39
39%
*9 0
92
9 2 % 92%
92
92
92
92
2d
2 o%
25
25
2 4 % 25%
24% 24%
53
53
5 3 % 53%
52
53 %
52 '5 2 %
99% 101%
1 0 l> '8 l0 1 7 8
99 % 10 0 % 1 0 0 % 1 0 0 %
§1 9 5
195
1 6 2 % 163% 1 6 1 162% 100% 1 6 1 % 1 6 0 1 6 1 %
*47
50
*48
49
*47
48
48
48
* 1 1 9 121
§ 1 2 1 % 1 2 1 % *119 121
*1 1 9
121
” 85
89
*8 5
S8
*85
88
*8 5
88
......... __
’ ^
1
§211 211
* 2 1 0 212
*21(3 2 1 1
* 2 1 0 211
3 3 % 33 %
3 4 % 34%
3 3% 33%
3 3 % 34
56
56
50% 56%
5 5 % 50
5 5 % 56%
* 9 1 % 93
9 1 % 91 % § 9 2 % 92 %
*71
74
*9S 102
*7 7
SO
148% 149%
40
40
*75
80
*80
95
, ____ __
5 6 % 57%
82
82%
6 3 % 64%
74
*7 2
7 4% * 7 2
1 0 1 % 101% * 9 9 103
*78
82
*78
82
1 4 8 % 148% 1 4 8 % 149%
*35
40
*35
40
no
so
*7 0
80
*80
90
*8 0
90
S3
83
*8 2 % 95
........................ *1 0 6 _____ * 1 0 6 _____
5 6 % 56%
5 5 % 57%
0 0 % 56 %
81% 82
81% 81%
S l% 31 %
6 2 % 63
61 % 63%
6 2 % 63 %
1 1 2 112
*70
75
*9 6 101
79
79%
148 148%
*36
40
*75
80
*8 2 % 95
TW O
P A tS E S
STOCKS
N E W Y O T liv S T O C K
EXCHANGE
F r id a y
Jan, 2 4
M ange fo r Y ea r 1901
M ange to r E r e v io u s
S a tes of
On Oasis o f 1 0 0 -sh a re lots
Y ear (1 9 0 0 )
the
W eek
S h a res
H ig h est
L ow est
Lowest
H ig h e s t
it aiitroaits».
35
*32
35
. . . . . . 20 F e b 20 34 N o v 2 5 16 S ep 25 D eo
A nn A r b o r . ........... ............
64
” 61
64
D o p r e f...... ......... . . .
50 S ep 25 66 D e c 27 4 0 % J ’ ly 59
D ec
76 %
i 0 % 7 6% A tell. T o p e k a A S ain a Fe. 130,150 4 2 % J an 21 91 J ’tie 5 18% Jan 48% D eo
9
6
%
9 6%
96%
D o p r o f .,.
..... .
27,445 70 M ay 9 108 M ay 3 58 % J an 80% D e o
102% 102% 103
|B altim ore A O h io ............ 15,155 81% J a n 4 1 1 4 % M ay 3 55% Jan 89% A p r
96% *9 6
96% 1 * D o p r e f... ..... ............
1,900 83% F o b 27 97 J Ti e 5 7 2 % Jan 90 A p r
6 5% 66% B ro o k ly n R a p id T r a n s it .. 73,585 5 5 % O ct 7 8 8 % A p r 22 47 % Sep 8 8 % D e o
67%
118 118
100 77 M a r l9 122 N o v 2 5 52 F eb 85 D eo
B u ffa lo B o o h . A P itt s b’ g .
*1 4 1 .143
100 116 M a r 1 146 N o v 29 92 Jan 125 D e c
D o p r e f . _____ ________
*125 139
* 1 2 5 139
. . . . . . 120 F e b 25 136 S ep 24 119 Jan 130% O ct
B url. C ed a r B a p ids A N o r
11 4 % 11 4 %
114% / Canadian P a c i f i c .___.. .
1,660 87 M a y 9 117% M ay 7 84%. Se p 99% F e b
8 6 % 86% V Canada S o u th e r n ___
8 6% 8 6 %
4 ,6 0 0
89 N o v 2 5
4 7 % F eb 61% D e c
189 % 189 % C e n tra l o f N e w J e r s e y ...
* 1 8 5 % 190
200 145% J a n 4 196% D e c 30 115 Jan 150% D e c
46
4 0 % 46%
46 % C h esa p ea k e A O h io ...........
5,230 29 M ay 9 52% M ay 3 24 J ’ ne 42% D eo
33% 54 % C h ica g o A A l t o n . ..............
34
34%
3 ,1 2 2 27 M ay 9 5 0 % A p r 30 31 O ct 42 D e c
77
*7 0
/0 % *76
4 0 0 7 2 % J a n 4 82 % A p r 30 68% N ov 78 '•> D e c
D o p r e f........... ..............
136 136% I d 6 % 1 3 6 % C h ica g o A E a s t'n Illin o is
3 ,6 1 0 91 J a n 2 140 N o v i i 88 J an 109 M ar
*
138
*136 140
s 1 2 0 % J a n 3 136 A p r 18 119% D e c 125 A u g
D o p r e f......... ...............
22 % 2 3 % C h ica g o G re a t W e s te r n .
2 2% 2 2 %
1 1 ,2 5 0 16 J an 3 27 N o v i 1
18 D e c
9 % Sep
*91
92
*91
92
D o 4 p. c. d e b e n tu re s
90 P l y 27 94% M ar 15 81 J ’ ne 94% D ec
83% 83%
*8 3 % 83%
400 75 M aylO 9 0 % J*ne24 6 8 % A u g 82 D e c
B o 5 p. c. p l o t “ A ” ..
4 3 % 43 %
4 3 % 43%
2 ,8 0 0 41 D e c 9 56 M a r l 4 30 J ’ nt 45 D e c
D o 4 p. e. p re f. “ B ” .,
51 % 52% C hic. In d ia n a p . A L o u is v . 12,570 23 J an 21 5 2 % D e c 31
5 1 % 52
14 Jan 29 A p r
70
7 0 % § /6 % 76%
1,110 58% J an 21 77% Sep 16 4 5 % Jan 64
D o p r e f _____ _________
D ec
102 163% 162% 163% C h ica g o M ilw . A St. P aul. 100,272 134 M ay 9 188 M ay 6 108% J *ne 148% D e c
ns?
188%
§186 186
30
D o p r e f . . . . . . ...............
175 M ay 9 2 00 M ay 3 1 6 9 % Jan 187% D e c
2 1 3 % 21 5 % 2 1 3 % 2 1 5
C h ica g o A N o r t h W e ste rn 16,715 168% J a n 21 2 15 M ay 1 150% J ’ ne 172% D e c
2 38 239% 237 % 239
D o p r e f ......... . . .......... .
2,550 207 M a r 1 2 48 A p r i l 195 % May 2 20 D e c
1 5 5 % 15 6 % C hic. B o c k I s l ’ d A P a cific
155 1 5 7
9,070 116% J a n 4 175% J ’ n e 5 102 J ’ne 122% D e c
1 4 0 150
*110 1 5 0
C hic. St. P, M in n . A C m .
125 M a r 2 146% N o v 2 2 110 O ct 126 N o v
n s5
195
n so
197
D o p r e f..........................
180 M a r 2 9 201 A p r i l 172 F eb 175 M a r
1
7%
1
7%
” 1 0 % 17%
700 1 0 % J a n 19 31 A p r 16 ' 8 % O ct
C h ica g o T e r m ’ ! T r a n s fe r .
14% D e c
3
2
%
32%
* 3 1 % 32 %
1,175 2 8 % D e c 5 5 7 % A p r 15 2 6 % O ct 39% A p r
D o p r e f . ........................
97
98% * 9 6 % 98
5,000 73 M ay 9 101 N o v b 55 J ’ ne 76 D e o
C lev e. Cin. C lue. A St. L .
1 2 0 % 120%
500 115% J an 12 124 N ov 2 5 1 0 3 J ’ no 118 D e c
D o p re f
*35
40
*35
40
C le v e . L o r a in A W h eel*g .
1 4 % Jan 30 N o v
2 7 % J a n 7 4 2 % N ov 2 7
*7 7 % 82
* 7 7 % 82
D o p r e f........... .............
67 A u g 7 82 D e c 31 46 J an 72 A p r
1 4 % 14% C olo ra d o A So., v o t. trust
8% D e c
5,325
1 4% 14%
5 Sep
6% J a n 21 18 A p r 29
61
61
01
01
4,895 40 J a n 31 60 D e c 2 b 36 Sep 4 7 % M a r
D o l s t p f. v o t. tr. cfs.
2 8 % 28 %
* 2 8 % 29
5,010 16 % J a n 4 2 8 % A p r 29
D o 2d p f. v o t. tr. ctfs.
14 Sep 20% M a r
173 174
173 174
2,066 J05 M ay 9 1 8 5 % A p r 3 106% Sep 134% D e c
T N e la w a re A H u d s o n ___
270
2 7 2 272 % 270
5,420 188% J a n 3 2 58 D e o 31 1 7 1 % S ep 194% D e c
T J e la w . L a ck . A W e s t ’ n .
42 % 42% D e n v e r A R io G ra n d e ___
43
43%
710 2 9 % J a n 21 5 3 % M ay 6 1 6 % Jan 3 4 % D e c
91 %
9 0 % 9 1% *91
2,212 80 J a n 21 103% J ’n e l4
6 4 % J ’ne 87 D e c
D o p r e f ..........................
*20
46
*2 6
50
D e n v e r A S o u th w e ste rn
49 N o v 12 71 JT ie27
*80
*30
55
100 69 J slv 2 9 69 J ,ly 2 9
IO T’tt,. o i
D ec
i-O v O/Il Ov
1 3% 13% D e tro it S o u th .v o t. tr. ctl’s
400 14% D e c 11 17 D e c 5
14% 14%
35
*3 5
36
35
100 36 D e c 12 4 0 % D e c 5
D o p re f. v o t. tr. ctfs.
10% D u lu th So. S h ore A A t l . .
n o
1 0 % *10
6% Max*
50
4 % F eb 5 12% J ’ne 5
4 J ’ m19% 19%
* 1 8 % 20
100 13% Jan 8 2 2 % S ep 30 12 J ’ ly 2 0 % N o v
D o p r e f . . ......................
38 % 39 % O n e — ................. ............... 77,205 2 4 % M ay 9 4 5 % J ’n e 4 1 0 % Sep 2 7 % D e c
3 9 % 3 9%
70 % 7 1%
7 0 % 71% I a D o 1 st p r e f ................... 28 ,9 7 0 59% J a n 21 75 D e c 31
3 0 % Sep 6 3 % D e c
56%
55 % 56 %
56
6,100 3 9 % J a n 4 62% D e c 31
D o 2d p r e f ...................
15 Sep 4 3 % D e c
§57
58 % E v a n s v . A T e r r e H a u t e ..
75 41 J an 31 68 A p r 12 3 8 % O ct 5 4 % M a r
*5 7
58
*83
88
94% A p r
*83
88
20 81 J a n 4 95 A x )iT l
D o p r e f ........... ..............
74 O ct
lbU j M ar 20 D e c
17 .Tan 18
185 1 8 6
185 185
4,996 1 6 7 % M ay 9 2 08 M a r l5 144% J ’ ne 191% D e c
G re a t N o r th e r n , p r e f ........
15171 9 673., TTp I-i 1 4.
n-reA-n IT A W 6 a,1v et.f A
72
72
17
ii
11 %
ii n a
00
31
' 8% D e c
11
11%
2,780 4 0 % M ay 9 7 5 % D e c 26 3 0 % Jan 4 2 % D e c
69
69%
6 8% 68% T T o e k in g V a lle y ...............
82 % 82 % 1 1 D o p r e f . . . .....................
1,425 69% J a n 21 8 8 % D e c 2 6 58 Jan 74% D e c
8 2 % 82%
139 139
1 3 8 % 139
2,926 124 M ay 9 154% J ’ ne29 110 J ’n e 132% D e c
I l lin o is C e n t r a l .. ............
3 7 % 38%
39
39% I o w a C e n tr a l.......................
!,7 0 u 21 J a n 21 4 3 % J ’ ne21
11 % J an 2 7 % D e c
72%
330 48 J a n 21 8 7 % J ’ ly 1 39 Sep 58 M a r
7 1 % 7 1 % *72
D o p r e f . . .......................
700 21 J a n 8 41 J ’ n e l o
36
36
10 Jaii 25 D e c
* 3 5 % 36 % I T a n a w h a A M ic h ig a n ..
. . . . ------ w ^
8 2 % 83
8 2 % 83
lV e .E t ,S .A M .,t r . ets. p fd 11,820 7 7 % D e c 16 8 1 % D e c 28
20 K a n sa s C ity S o. v o t. t r . ..
*19
20
*19
100 1 3 % J a n 4 25 A p r 30
7 Sep 17 % A p r
45
900 35 J a n 4 49 A p r 30 2 7 % Sep 4 3 % A p r
4 4 % 45
45
D o p r e f. v o t. tr. c tfs .
6 D ec
*10
3 % May
n o
15
15
K e o k u k A D e s M o in e s ...
5% J a n 3 1 8 % O ct 2
*40
45
23 D e c
*40
45
D o p r e f ........... .............
24 J a n 2 4 5 % S ep 30 14% O ct
*67
6 7 % 68
69
1 ,2 0 0 3 9 % J a n 21 7 6 % N o v 2 5
2 0 % M ar 52 D e c
T ak e E r ie A W e s t e r n . . .
* 1 2 7 129
*1 2 7 130
4 0 0 108% J a n 21 135 % S ep 27 8 3 % F e b 115 D e c
O D o p r e f ____ __________
( r S h orn A M ich S o n th ’ n
§ 3 5 5 N o v 22 §197 J a n § 2 4 0 D e c
*79
*7 9
81
81
L o n g Is la n d ............... ..........
67 J a n 3 90 D e c 18 4 7 % Jan 89 M a y
68% S ep 8 9 % D e c
1 0 5 % 1 0 5 % a 102% 10 3 % L o u is v ille A N a s h v i lle ... 19 ,1 9 8 76 M a y 9 1 1 1 % J ’n e lT
1 3 5 % 13 7 % 13 5 % 136%
a n h a tta n E 1e v a te d . . . 4 8 ,1 1 2 83 M ay 9 145 D e c 5 84 J ’ ne 1 1 6 % D e c
169% 17 2 % E 4 et-ropolitan S tr e e t___ 215,625 150 M a y 9 177 J ’ ne24 143% Sep 182 F e b
1 7 0 % 173
40
” 3 8 % 4 1 % *38
2 4 % J an 3 7 % A p r
M et. W e s t S id e E l. (C h ic.)
27 J a n 9 41 N o v 2 2
92
*90
92
*90
10 7 9 % J an 15 93 S ep 18 76 F eb 8 4 % N o v
D o p r e f ............... ..........
2 8 % 28%
2 8 % 28% M e x ic a n C e n tra l................. 24,5.20 12% J a n 21 30 M ay 2 1 0 % J an 17% D e c
5 M ar
1 5 % 1 5%
15 % 15% M e x ic a n N a tT tr. r e c e ip t s 4 0 ,9 1 0
3 % J an 24 1 5 % O c t 12
2% Sep
,M_ ^
* ......... 165
M ic h ig a n C e n tr a l........... ..
107% M a r 4 1 8 0 N oy2 5 §1 0 4 J an 115 J 'n e
* 1 0 5 1 0 6 % 106 106% M in n e a p o lis A St. L o u is .
1 ,1 0 0 67% J a n 19 11,1%. J ’ly 19 4 5 % J ’ne 7 1 % D e c
” 118
119
* 1 1 8 119
100 101% J a n 7 1 2 4 % Oct- 23 87 % J ’n e 104% N o v
D o p ref .
38
3 ,1 0 0 15 M ay 9 3 6 % N o v 2 5
14 S ep 27 A p r
§ 3 8 % 39
38% M in n . S. P . A S. S. M arie.
*90
92
*90
92
800 49 A p r 9 9 i 3-i K o v 2 5
47 N ov 69 A p r
D o p r e f..........................
17% D ec
24 % 2 4% M o. K a n sa s A T e x a s ...J .
9 Sep
*24% 25%
1,400 15 J a n 21 3 5 % A p r 20
5 2 % 52% *52
1 .8 0 0 37 M a y 9 6 8 % A p r 19 2 5 % Sep 4 7 % D e c
53
D o p r e f..........................
1 0 0 % 1 0 2 % 1 0 1 % 1 0 2 % M is s o u r i P a c ific ............... . 5 1 ,1 5 0 69 J a n 4 1 2 4 % J ’ n el4. 3 8 % J an 7 2 % D e c
50 §191% J a n 8 197% A p r 9
§189% M ay
M o r r is A E s s e x
1 6 0 % 161% 1 6 0 % 1 6 1 % \ T Y , C en tra l A H u d son . 30 ,6 8 1 1 3 9 % J a n 21 1 7 4 % N o v 2 5 125% J ’n e 1 4 5 % D e c
49 %
4 10 16 M ay 9 57 % S ep 28 11 J ’ n e 2 4 % D e c
4 9 % 4 9 % *4 7
Y . C h ic. A St. L o u is ..
120% 120%
*119 121
445 97 M a r 1 1 20 S ep 18 75 J ’ ne 110 D e c
D o I s t x ir e f...................
450 47 M a r 1 95 S ep 28 29 J ’n e 58% D e c
88
D o 2d p r e f_____ _____
86
37% *85
N e w Y o r k A H a rle m
§4 0 9 N o v 7 4 20 A p r 1 4 00 Mav 4 2 0 J Ay
§134% J a n 15 139 F e b 21 §130 Jan §135 M a r
N . Y . L a c k . A W e s t e r n ...
46 §206% F e b 27 2 17 J ’n e24 §207% Sep §215% J a n
*210 211
§209% 209% N . Y . N . H a v e n A H a r t f.
7 ,1 5 0 24 M av 9 4 0 % M av 1 18% J ’ ne 3 2 % D e c
3 3 % 33%
3 3 % 33% N . Y . O n ta rio A W e ste rn .
5 ,2 1 0 42 J a n 10 61% N o v 2 5
2 2 % Jan 45% D e o
56
56
58
56% N o r fo lk A W e s t e r n ______
417 82 F e b 15 9 2 % N o v 2 2 67 Jan 83 D e c
D o a d ju stm e n t, p re f.
92
92
9 2 % 92 %
77 % J a il 21 \\700 M av 9 45% Sep 8 6 % D e c
N o r th e r n P a c ific B y ..
230 52 F e b 1 78 D e c 2 4 6 May 62 N o v
7 3 % 74
'p a c i f i c C oa st C o . . . _____
§ 7 4 % 74%
100 89 F e b 25 ! 0 3 % D e c 2 82 % Sep 90% D e o
JL D o 1 s t p r e f ...................
* 1 0 0 103
*1 0 0 1 0 4
500 63 Jazi b S3 N o v 2 9
57 May 6 9 % O ct
80
D o 2 d p r e f...................
” 78
82
80
1 4 8 % 1 4 9 % 148% 149%: P e n n s y lv a n ia ....................... 47,932 137 M a y 9 1 6 1 % A p r 22 1 2 4 % Sep 149% D e c
5 J ’ n e 18 D e c
1 ,4 0 0 14% J a n 22 5 0 S ep 27
40
42
40
40% P e o r ia A E a s t e r n ..............
______ 3 3 % J a n 9 94 N o v i 3 20 J an So D e c
80
P e r e M a r q u e tte ...................
*70
80
*70
73% D e c
55% J a n
72 J a n 2 86 J ’ n e l ?
*8 0
90
D o p r e f ..........................
*80
90
100 57 J a n 30 S I D e c 30 4 9 % Sep 8 0 % J a n
P itts b . Cin. C hic. A St. L.
* 8 2 % 95
■*'82% 85
8S J a n 4 113 D e c 30 78 J ’ n e 94 J a n
D o p r e f..........................
*106
.......... *1 0 6
55 % 5 6% p eadingv v o t ’ g tr. c t f s .. 27 4 ,1 5 0 24% J a n 4 58 D e c 30 15 S ep 26 D e c
5 6 % 5 6%
JLA' 1 st p re f, v o t. tr. c t f s .. 10 ,0 6 0 65 M ay 9 8 2 % D e e m
49 J an 7 1 % D e c
81% 82
81% 82
23% S e p . 39% D e c
2 d p re f. Yot*g tr. c t f s . . . 7 7 .1 5 0 38 J an 3 6 4 % D e c 81
63
6 3%
62
6 3%
200 97 N o v 4 112% N o v 7i
R u tla n d , p r e f ........... ..........
1 1 0 % 11 0 % 111
111
-3 2
%>1
70 %
90%
102
*95%
66 %
BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
B anks
2fKW YORK.
CITY
Am erica^ . . .
A m er E x clv .
A s t o r ............
B o w e r y ^ __
B roadw ay. . .
B utch’a & Dr
C en tral. . . . . .
Century f]—
C h a s e ____ _
Chatham ___
C hem ical. . . .
B anks
Citizens’ .......
A s k C it y ....------B ia
1535
Colonial lj
285 290
Columbia U ..
700
nnnrmpiTck..
Corn E xch fl
1334
430
East R iver” .
140
11th W ardlj.
1205
Em p’ eStatel
Fidelity^]. . . .
160 i'75
700
Fifth AveH.
1330% 3 3 9 % F ifth ........ .
4100 4200 F irst (new )..
B id
B anks
1229% 281
14 th Street^.
610 620
Fourth ........
310
Gallatin
Gansevoortji
350
f351 % 352% Garfield . . .
German
^,
1465
German Esjj
150
GermaniaH
150
205 ..........| Greenwich f]
200 ____ Hainiltontf ..
Hanover
3300
Hide A L ’atli
300
Imp A Trad.
770
A. sk
M id
A sk
165
1238%
410 430
140
500
140
340
500
1"2G0%
160 1V5
150
t6‘27% ----
B an k s
Irving . . . . . .
Jefi-ersonf...
Leather Mfr.
L ib e r t y .......
Lincoln........
Manhattan^].
Market A Fill
Mechanics’ .
Meek A Tran
M ercantile..
Merch Exch.
Merchants’ ..
M etropolis 1|
A.sk
B unks
v. M t Morris!]..
210 „
175 ........ Mutual!]
255 *270
Nassau!] . . . .
650
N ew A ms ter
N e w Y ork Co
950
1329%
N Yr Nat P:x.
New Y ork ...
250 270
19th Ward!].
1302%
170 . . . . . . Nortlx Am er.
290 . . . . . . Oriental!]....
P a cific!).......
150 165
Park ...........
190
675
People’s !!....
B id
| Bunks
! Phenix ........
1Plazai;. . . , . . .
Prod Exch! .
Riverside!' ..
Seaboard ___
Second
Seventh.new
Shoe A LothSLvtelj .......... .
Stateet N Y!
1221
12th Ward! .
205
16-10% ........ 23d Ward!'
niow Sq!!
250
B id
A sk
,150
225 250
190
1350 1400
1500
200
320 340
150
1351
Bisi
A s£
115 120
530 - •
16,5 1 *0
8t>0
150
67 5
135
1125%
00O
r 173
t to
110
835
* B id a n d Atekdd. p r ic e s ; n o s a le s w e r e m a d e o n th is day.
§ B ess th a n 100 sh ares,
1 B x rig h ts.
!| S ta te hanks.
a B x d iv id e n d a iu l rig h ts
■* S a le at Stock E x c h a n g e or at a u c tio n this week, U Stock. “ c o r n e r e d ” aa les to r “ ca sh ” w e r e m ad e as h ig h as 1000.
s T rust Oo. eertuUvw -v>
J anuary
25
St o
1902. J
o k
R 6 0 0 r d —
C o n c lu d e d —
P a g e
191
2
■■i t—•—
STO C K S - I l i a U K S T A N D L O W E S T S A L E P R IC E S
jrj vnuu/i/
Jan. 2 0
S a tu rd a y
J a n . 18
...
/ lit'fid (Iff
J a n 21
*10
* 10%
*10*2 14
14
A
(54 *
*60
64
* 19
*23
27
*20
27
126% 127
126% 126% §126%
6 2 % 64
61 %
61% 63
86 % 86%
85% 85%
844,
7 5 % 77
74 %
74% 75%
273, 28
26% 27
26%
60
6 L%
58%
59% 60
6 9 % 59%
5 8%
58% 59%
3 2 % 33%
32% 32%
32%
02%
9 3 % 93%
92% 93 %
39% 39\,
*38
38
39
124
123 124
124 124
18%
19*2 19% * 18% 19%
35%
*33% 36
i o 9 % i o 9 % 107 10 8 % 108
* 1 6 8 161
99%
J 0 1 % 1 0 2 % 1 0 0 % 101
89 %
88
88
89
89%
22
22% 23
22% 22%
4 1 % 42%
41%
41% 42%
* 1 7 % 18
*1 7 %
*17% 18
51
*50
61
51
*50
30
2 8 % 2 8 % *28
29
19%
10% 2 0 %
19% 19%
4 0 % 40%
40
40
40%
W ed n esd a y
Jan. 2 2
T h u rsd a y
Jan. 2 3
14
* 1 0 % 14
64
" ......... 64
26 % "1 9
2 6%
126% 126 126%
62%
62% 62%
85
85
84%
75%
7 5 % 75%
26 % *26% 27%
5 9%
59
59%
59 %
58% 59 %
32 %
32 % 32%
9 2 % 93
93
38
38%
38%
124
123% 1 2 4 %
19
19
19
3 5 % 3 5%
35%
108% 1 0 7 % 1 0 8 %
* 10*4
64
*19%
126
62%
*8 2
74 %
26%
59
58%
32%
92%
38
12 4 %
19
36%
10 7 %
100%
88%
22%
4 1%
18 %
62
29
20
40%
100 % 1 0 1 %
8 8 % 88%
22
2 2%
41% 41%
*1 7 % 1 8%
*5 0
52
29% 29%
1 9 % 1 9%
40 % 4 0 %
100% 1 0 1 %
§ 8 8 % 88%
2 2 % 22 %
4 1 % 42
" 1 7 % 17 %
*5 0
51
*29
30
20
20 %
40
40%
<*195 205
*195 206
*195 205
*195 205
69% 70
6 8 % 69%
70
70*4
69% 70
*2*2
2 34
2%
*2%
2%
*2%
2%
*2 %
*1 0
14 " *1 0
14
14
*1 0
14 "
*10
29% 29%
2 9 % * 2 8 % 29% *2 9
29%
29
86% 86%
86
86%
86% 8 6%
86% 86%
31
31
*3 0 % 3J
3 0% 30%
*3 0 % 31
*87
88
*8 6 % 88
*86
88
40
*35
40
40
*35
*34
40
*34
* 2 1 4 220
*2 1 0 220
*212 2 2 0 * 2 1 4 2 2 0
* 3 9 % 40
*3 9 % 40
*39% 40
40% 41%
28 % 29 %
2 8 % 2 8%
2 8 % 29%
27^4 28*4
65
66
6 6 % 6 6%
65% 66
66 % 6 6 %
20
*15
16
§14% 14% *15
*42
45
*42
45
*42
45
30% 31 %
3 1 % 31%
31% 3 2%
3 2 % 32%
91 % 91%
91% 91%
92
92%
9 1 % 91%
*5
6
*5 “
6
*6
7
5
5%
* 2 1 % 23
*23
25 i 21
23
*21
24
4 5 % 46
47%
4 6% 4 7%
46% 47%
46
97
* 9 6 % 97
* 9 6 % 96%
96
96 % * 9 6
40% 40%
87
88
87
87
1.22% 124% 120% 12 2 % 12 0 % 1 2 2 % 122 123
1 16 116
116 11 6 % * 1 1 6 117
115% 116
*9 0
95
*90
95
*90
95
*90
95
2 5 0 250
2 50 3 0 0
1 6 % 16% *1 5 % 1 6 % § 1 6 % 16% * 1 5 % 16%
79
79
* .......... 79
*77
*76
30 % 31
31
31%
30% 30%
3 0 ^ 3 0 34
"2 1 4 218
•212 215
217 217
*2 1 3 218
10
*9% 10 %
*9
*9% 10%
"9 % 1 0%
8712 S77
85 34 86%
85% 86
86% 86%
•127 ISO *127 130
*1 2 6 130
*1 2 6 130
*15
16% * 1 4 % 16% * 1 4 % 15
* 1 4 % 15
2 1 7 21 7 %
2 1 6 21714 217 2 1 8 34 216 216
1 1 7 % 121
-116% 117
117 118% 118 11 8 %
*1 3 2 1 34
133% 133%
*132 135
*131 138
8%
9
9
*8 %
*8%
8%
8%
8%
3 4 34 3A7g ‘ 34
35
3 4 % 3 4% * 3 4
35
279 280
2 7 9 % 279% *2 7 9 282
*279 281
4 6 % 47%
5 1%
48
4 8 % 5 1%
4 8 % 50%
*9 6 >2 101
100% 1 0 2 % 1 0 2 % 102% 1 0 2 % 1 0 2 %
* 1 9 % 20
*1 9 % 20
19 % 2 0
19% 1 9%
7 5 % 7 5 % *75
76
75
75% *75
76
*1 9 5 205
6 9% 7 0 %
*2 %
2%
*10
14
2 9 % 29 %
8 5 % 86
* 3 0 % 31
*86
88
*3 4
40
§2 1 5 % 216
41
41 %
2 8 % 29
6 6 % 66%
*1 5
17
*42
45
31 % 3 1 %
9 1 % 9 1%
*5%
6
*21
24
4 6 % 4 6%
97
97 %
%
*6 %
7
7
7
*6%
7
*6 %
*6%
*41
45% *41
45% *41
45 % *41
45
47% 4 7 % * 4 7 % 48
48%
48
49% 49%
8 9 % 89% * 8 7 % 8 8%
87 % 8 7 % *86
89
*
92
9 2%
9 2 % * .......... 9 2 %
* 1 0 8 1 10
*109 n o
"1 0 8 n o
<108 n o
*1 0
15
15
*11
*11
14
*10
15
44
44%
4 4 % 45
44% 4 4 %
4 4 % 45
* 1 0 4 % 1 06
* 1 0 4 106
*104 106
*1 0 4 106
1 6 % 15%
16
* 1 5 % 1 6%
15% 15% *15
78% 78% *78
80
*78
81
79% 79%
*1 6 5 158
165% 158
154 1 5 4
1 5 4 154
44
9 9 % 101
40% 40%
*83
84
|220 2 22
4
4
*8% 10
16%
68% 68%
*18
*68
*86
88
122% 125%
1 1 6 % 11 6 %
*90
95
* 1 5 % 16%
* .......... 79
31
31%
*2 1 3 217
*9 % 10%
* 8 5 % 86%
*1 2 6 130
15
15
217% 217%
* 1 1 8 11 8 %
* 1 3 2 % 136
8%
8%
3 4 % 34%
279% 280%
4 9 % 4 9%
§ 1 0 2 % 102%
20
20
7 5 % 7 5%
*87
89
*6%
7
*41
45
49
49%
*8 5
89
*90
92 %
*1 0 8 n o
*12
14
44% 44%
105% 105%
* 1 5 % 1 6%
*78
81
155 157%
44
47% 4 8 %
16%
14
64
20%
130%
02%
85
75
26%
60
59%
32%
92 %
39
12 6 %
19%
36
10 8 %
20
70
-2 9 %
•81
31
83
6% 5%
6 2 % 63%
*13
14
*72
74
*1 0 4 106
11% 11%
81% 81%
*14% 15
*5 0
52
42% 4 8 %
94% 9 5 %
60
60%
* ..........123
•186 195
91
91%
174 177%
- 1 7 5 182
*87
90
*87
90
89
89
47
47%
46
4 7%
46
46
46% 47
98 % 9 9%
99% 10 0 % 1 0 0 % 100%
98% 99 %
39 % 4 0
39% 4 0 %
3 9% 40
39% 40
83% 8 3%
83% 8 3 %
83
83
84
84 %
§ 2 2 1 % 2 2 1 % *219 221
2 2 0 % 2 2 0 % *219 222
4%
4%
*3%
*3%
*3%
4%
*3 %
4%
*8 % 10
*8 % 10
"8 % 10
* 8 % 10
16% 16%
16 % 1 6%
16% 1 6%
16 % 16%
*68% 68%
68 % 6 8% * 6 6 % 6 8%
(SS:>4 6 8 34
* 1 7 % 19% *18
1 9% * 1 8
19 % * 1 7 % 1 8%
*6 7 % 70
*6 7 % 70
68
68
6 8 % 68%
2 9 % 29 % *30
31
*3 0
31
*29% 31
83
*81
*81
83
*81
83
*80
83
*5
5%
5%
*5
§4%
5%
5%
5%
62% 63
62 % 62%
62% 62 %
6 2 % 63 %
*3 2 % 37
13%
*13
14 % *13
1 3 % 13% *1 3
14
*72
74
74
*72
*72
74
74
74
*103 105
<102 105
§100 100
104% 104%
11% 11%
11% 11%
11% 11%
11 % 11%
7 9% 8 1%
81% 81.%
80
81
8 0% 8 0 %
§15
15
14% 14% *1 3 % 15
*14
15
51
50% 50% *50
*50
51
*50
51
4 2 % 43%
42% 4 2%
4 2 % 42%
94% 9 4 %
9 4 % 9 4%
9 4% 94%
9 4% 9 4%
60
60
*59 % 60
*59
61
*
122
* ......... 123
* ..........123
*185 195
*185 195
*1 8 5 195
§1 9 5 195
9 0 % 91
90% 91%
"9 0 % 91
91
91%
174 17 6 % 171 J 74
174 175
175% 175%
*175
180
182
*172
*172 180
*173 180
STOCKS
K r ld a y
Jan. 21
n e w
yo rk
: stock
e x c h a n g e
R a n g e f o r Y ea r 1001
lla n q e fo r J'revUyus
S a tes o!
<yn b a sis o f 1 0 0 -sh a re Lots
Y e a r (1 0 0 0 )
the
W eek,
S h a res
Jjowcsl
JW jhejft
JjOwest
H ig h est
7 % J an 2 J 15% .r u e 8
5 M ay
L it. J. <fo O. I Hi. y . tr. c II'h.
8 % D eo
300 55 O ct J 78 % .J’ ne2.r> 38 Kt M ay 64% D ec
D o j hi p ref. v . tr.ctJs.
•••••« 17 D e c 11 36 .f’ jie 6 11% .r m 21 % D ec
D o 2d p rof. v. tr. ctfs.
8,745 57 Jan 29 134 D e c 19
Ht. L a w .
A d ir o n d a c k ...
8 % .I'm 24% D eo
St. L o u is Aj San I)1r a n ....... 10,500 21 % J an 4 5 6 % D e c 19
7 50 7 5 J ’ ly J0 88 M a rl 2 04 S ep 78 D eo
JDo J fit p r o ! .................
8 ,4 5 0 5 3 % Jan 4 70% J ’ n el 9 31 % .J’ m 55 D e c
I )o 2d p rod ...................
8% .1’ ne 18% D eo
St. L o u is S o u th w e s te r n ..
1,400 16 M ay 9 39% A p r 30
6,760 4 1 % J an 3 71 J ’ lie 10 2 1 % .T n e 4 5 % 1)e c
D o p r o f..........................
S ou th ern P a c ific (Jo......... 66,200 29 M ay 9 6 3 % .r u e 5 30% J ’ ijc 45% D e c
S o u th e rn v o t in g tr. o t fs .. 18,650 18 J a n 21 35% J 'n e 3 J0% J ’ ne 23% D e c
8 ,3 0 8 67% Jan 2J 9 4 % N ov27 49% J ’ ne 7 3 % D eo
D o p ro f. v o t. tr. c tfs .
2,000 23% Jan 3 52% M ay 3 13% J ’ ne 26% D eo
rp e x a B & P a c ific ...............
6,912 J 17 M ay 9 129% Jan 9 45% Mai J35 % Jan
1 b ird A v e n u e (N . Y . ) . . .
2,260 10% F e b 16 2 5 % M ay22
T o l. St. Jj.
W . v . tr. otfs.
% 725 28 M ay 9 39 % M ay22
D o p re f. v o t. tr. c tfs .
3 ,5 8 5 65% J an 2J 109% D e c 3 J 61 % J ’ ly 70% D eo
T w in C ity R apid T r a n s it.
147 A p r 19 160 N o v 3 0 136 Jan J46 D ec
D o prof
| [m o il P a c ific ..................... 125,900 76 M ay 9 J 33 M ay 2 4 4 % Jan 81% D ec
81 % .Ian 21 0 9 % M a y J 70 % J ’ / k 85% D ec
6 % M ar 14 D e c
\XT a b a sil.............................. 2 7 ,8 5 0 1 J % J an 3 26 J ’ n e 3
VV D o p r e f........................ 15,400 23% Jan 4 4 0 % J ’ n (*21 16 Sep 27 D e c
J00 11% J an 31 22 J ’ n e 4
8 J ’ ne 13% D e c
W h e e lin g <fc L a k e E r i e .. .
200 45 M ay 9 60% M ar28 4 4 % Sep 58% M a r
D o 1 st p r e f...................
728 24 M ay 9 38 M ar28 21% J ’ ne 33% M ar
D o 2d p r e f ...................
2 ,7 5 0 1 4 % J a n 21 26 J ’ n e l ?
10 S ep 20% A p r
W is c o n s in C ent. v . tr. cfs.
4,127 3 8 % J a n 17 49% A p r 17 3 0 S ep 57 A i >i
D o p re f. v o t. tr. c t fs .
M is c e lla n e o u s *
*195 205
§145 J a n 8 §202 D e c 24 111 Jan §150 N o v
A dam s E x p r e s s ...............
7 0 % 72 % iV m a lg a m a te d C o p p e r ... 129,780 6 0 % D e c 17 130 J ’ n e l7
89% D e c 9 9 % N o v
2%
2% A m e r ic a n B ic y c le . .
200
1 % S ep 25
8% A p r 23
*10
14
10 S ep 30 35 ~ A p r 22
D o p r e f..
2 9% 29 % A m e r ic a n Car & F o u n d r y
1,560 19 J a n 21 35 J ’ n e l4
1 2 % Jan 2 5 % N o v
86
86
1,520 67 J a n 19 8 9 % .7 ’ly 8 57% J ’ ne 72 D e c
D o p r e f..........................
31
31 A m e r ic a n C o tto n O il........
7 00 24 M a r 8 3 5 % J ’n e l7
30 J ’ ne 37% A p r
*85
88
85 A p r 10 9 1 % J a n 8 88% Sep 100 A p r
D o p ref .
*36
40 A m e r ic a n D is tr ic t T e le g .
32 O ct 4 4 0 M ay 3 2 4 % Jan 37 N o v
§2 2 0 220 A m e r ic a n E x p r e s s .............
96 §169 J a n 12 2 10 N o v i 9 §142 M ar 191 D e c
4 1 % 41% A m e r ic a n (Trass T w in e
4 ,5 0 0 39% D e c 16 45 N o v 2 5
28^2 2 9 is A m e r ic a n I c e ....................... 11 ,2 0 0 25% O ct 2 4 1 % M a r l 5 2 7 % J ’ ne 49 % A p r
6 6 % 67
1 ,5 2 0 62 O ct 10 77% M a r22 60% J ’ ne 7 8 % F e b
D o p r e f ..........................
*15
16 A m e r ic a n L in se e d ..
5 % J a n 24 3 0 % J ’ly 9
25
6 N o v 16% F e b
*42
45
31 “ J a n 24 66 J ’l y 9 3 4 % D e c 60 F e b
D o p r e f__
3 1 % 3 J% A m e rica n L o c o m o tiv e
1 3 ,2 7 5 2 2 % A u g l 3 3 3 % N o v i 9
9 1% 9 1%
2^305 8 3 % O ctf 4 91% N o v i 9
D o p r e f ................. _
5%
5% A m e r ic a n M a lt in g .............
7% J an
1,800
4% F eb 4
3 J ’ne
8 J ’ n e20
*21
24
D o p r e f..........................
900 2 2 % D e c l 9 30 J ’ n e25 18% J ’ n e 3 1 % J a n
4 6 % 48 A m e r . S m e lt’ g & R e fin ’ g . 4 0 ,3 0 0 3 8 % O ct 7 69 A p r 20 3 4 % J ’ ne 56% D e c
97
9 7%
4 ,9 1 0 88 F e b 26 104% J ’ n e20 85 J ’ne 99 N o v
D o p r e f .....................
A m e rica n S n u ff
100 26 M a r l 9 4 9 % J ’ n e 8
D o p re f
700 73 A p r 17 90 J ’ n e l4
i.25 1 2 7 ^ A m e r ic a n S u g a r R e fin in g 171,350 1 0 3 % D e c 24 153 J ’ n e 3 9 5 % M a r 149 D e c
116% 117
3 ,1 1 0 111 D e c 24 130 J ’ly 19 107 M ar 118 J ’ly
D o p r e f ......................
*9 0
95 A m e r ic a n T e P g h & C a b le
§94 J a n 7 100 A p r 13 §87 Sep § 9 8 % J an
A m erica n Tnhaeen
1,300 99 M ay 9 146% O ct 23 84 % J ’ ne 115 O ct
*15*2 1 6 !4 A m e r ic a n W o o le n ...........
128 1 3 % M a r l5 2 i % J a n 2 2 1 % D e c 2 2 % D e c
*77
79
70 M ar22 82% J ’lv 1 76 D e c 76% D e c
. 3 1 % 32% A n a co n d a C o p p e r ............... 10,600 28% D e c 23 5 4 % A p r 16 3 7 % J ’ n e 54% A p r
*213 217
100 175 J a n 18 228 A p r 15 140 J an 183 -D e c
JB ro o k ly n U n io n G a s ___
§10% 10% J > ru nsw . D o c k & C .I m p ’ t
8% J an 19 14% M a r 19
50
6% J ’ n e 16% J an
8 5 % 86
29% S ep 5 6 % D e c
2 ,2 0 0 41% J a n 21 1 3 6 % J ’n e l7
/C o lo r a d o F u e ltfc I r o n ! . .
*1 2 5 130
V_5 D o p r e f ...................
116 M a r 19 1 4 2 % A p r 29 117 O ct 1 3 1 % J an
14% 15 C ol. & H o c k . C oal & Ir o n .
300 1 2 % O ct 23 2 5 % J ’n e l7
1 1 % J ’n e 21 A p r
*2 1 7 218
5,250 187 J a n l 8 2 38 A p r 15 U 6 4 Sep 201 N o v
C o n so lid a te d G as (FT. Y .) .
118
118% C o n tin e n ta l T o b a c c o , p r e f 13,200 9 3 % J a n 2 124 J ’ n elO
70 M ay 95 N o v
*1 3 3 135 D ia m o n d M a tc h
200 127% O ct 10 1 5 2 A u g29
8%
9% D is tillin g C o o f A m e r ic a
2,800
6% O ct 14 1 0 % J ’ n e l8
34% 35%
D o p r e f.........
8 ,1 9 0 23% S ep 13 3 4 % N o v 9
2 8 0 280% G e n e ra l E le c t r i c ................
1,600 183% J a il 10 2 8 9 % D e c 6 120 Jan 2 00 D e c
49
49% G lu co se S u g a r R e fin in g .. 24,185 37 O ct 24 65 M ay 2 44 M ay 60 N o v
*9 9 103
1,320 933* M ar 5 107 A u g 5 92 D e c 103 N o v
D o p r e f...................
20
20
1,100 1 8 % M ay 10 28 M a r 2 2 1 4 % M ar 2 6 % N o v
r n t e m a t io n a l P a p e r ........
*75
76
L D o p r e f...........*..............
960 69 J a h 2 1 8 1 % S ep 10 58 M ar 75 N o v
*87
89
"International P^wAr
5 4 7« J a n 2 100% M av31 24 J ’ n e 55% D e c
*6%
7 In te r n a tio n a l S ilv e r ..
3% A ug io % Jan
5% F e b 7 11 J a n 5
*4 1
45
D o p r e f............
33 A p r 25 51 D e c 4
4 9 % 50
In te r n a t’ l S team P u m p ..
3,700 2 4 % J a n 22 49 N o v l 9
28 D ec 29% D e c
*8 5
89
D o p r e f...................
4 00 74 J a n 24 89 O ct 16 76 D e c 7 7 % D e c
*.......... 92 % r a cle d e G as (S t. L o u is ).
70 J a n 18 9 5 % J ’ lv 8 65 M ay 80 J a n
*108 n o
-Li D o p r e f............... .
95 J a n 21 108% N o v l 2
96 J a n 100 J an
12
12% M a n h a tta n B e a c h ..........
8 O ct 12 22 A p r 16
400
6% J an 18% M ay
4 4 % 44% V T ation ai B is c u it ___
1,500 37 J a n 21 46 M ay 3 23 J ’ ne 4 0 % N o v
*104 105%
D o p r e f..........................
7 9 % J ’ ne 96 F e b
100 92 J a n 2 103% N o v lS
v15 % 16% N a tio n a l L e a d ........... ..........
15% A u g 28% F e b
4 00 15 M a r l 4 2 5 % J ’ n e l2
*78
81
83 A u g 106% F e b
D o p r e f........................
210 74% D e c 24 9 3 % J ’n e l3
157% 157% N e w Y o r k A ir B r a k e ___
1,130 133 J ’ly 15 jl75 A p r 2 6 112 Sep 175 N o v
N e w Y o r k D ock
13 D e c 27 15 D e c 3
43% 43%
D o p r e f . ..
255 4 5 D e c 20 4 7 % D e c 6
*8 7
90
N orth A m eri c.a n fin n pw
100 7 3 % F e b 14 109 J ’ n e lS
4 6 % 46% O a c i f i c M a il.................
4 ,2 0 0 3 0 % M ay 9 4 9 % N o v i 1 25% J ’ ne 57 N o v
101 102% L eop . Gas-L.<fc C. (C h ic.) 17,715 95% J a n 21 1 2 0 % J ’ ne21 8 1 % O ct 111% A p r
4 0% 40% P re sse d S te e l C a r...............
3,160 30 M a r 7 52 J a n 2 3 2 % Sep 58% J an
8 4 % 84%
2 ,3 0 0 7 2 % M a r 5 89 A p r 29 70% Sep 8 9 % N o v
D o p r e f ..........................
2 2 2 *223 P u llm a n C o m p a n y .............
67 6 195% J a n 21 225 O ct 17 176 J ’ ne 204 D e c
*3%
4
%Aug
2 % M ar
1% A p r 22
Q u ic k s ilv e r M in in g ..........
100
5% M ay 31
1o %M ar
*8% 10
7 M ar20 12% M ay27
7% O ct
D o p r e f ..........................
16 % 16% p e p u b lie J ron & S te e l..
8% J ’ ne 2 7 % F e b
4 ,0 9 0 11% S ep 13 24 J ’ n e l 7
68 % 68% LVD o p r e f..........................
900 55% J a n 21 82 A p r 1 49 A u g 70% F e b
*18
18% R u b b e r G ood s M fg
18 D e c 26 38% M ay 2
*68
70
D o p r e f ........ .%
2 00 65 D e c 13 90 M ay 2
*30
31
26 N o v
100 1 9 % F e b 5 4 1 % A p r 2 17^2 6 e t
O loss-S h effield St. & Ir o n
*80
83
6 5 % Jan 22 86% A p r 8 59% J ’ ne 71 N ov
O D o p r e f ..... .................
*4%
5% Standard R o p e & T w in e ..
3% M ar 6
4 % M ar 10% J an
620
8 % J ’ n e l3
63
63 % T enn. C oal, Ir o n & R R ._ .
4 ,6 0 0 4 9 % M ar 7 7 6 % J ’ n e l8
49 O ct 104 F o b
* 3 2 % 37
T ex a s P a c ific L and T r u s t
19 Jan 18 42 A p r 20 1 3% J ’ne 21% D eo
*13
14
I Tn io n B a g & P a p e r ........
10 J ’n e 25 F e b
200 12 A p r 12 19% J ’ n e l7
*72% 74
D o p r e f..........................
100 65 A i> r ll 75% D e c 4 56% M ay 77% F e b
105 105
U n ited S ta tes E x p r e s s ...
2 50 §53 J a n 26 100 A p r 19 §45 M ar §59% D e o
7% M ay 9 16% M ay 2
7% J ’ ne 19 Jah
6,275
n-^s u 38 U n ited S tates L e a th e r ___
80% 80%
D o i)r e f..........................
9 ,0 9 0 69% M ay 9 83% A u g 2 8
65 J ’ ne 79% N o v
*13% 15
2 21 J ’ly 44 J a n
U n ited S tates R u b b e r ___
140 1 2 % O ct 4 34
*50
51
D o p r o f ..........................
100 47 O ct 4 85 J s a 2 7 4 % D e c 104% J a u
4 2 % 4 2% U n ited S ta tes S t e e l..,
40,476 24 M ay 9 55 A p r 30
# 9 2 % 93%
D o p r e f.......................„. 54,903 69 M ay 9 101% A j)r 3 0
* .......... 61
V irg in ia -C a ro lin a Chem
500 51 J ’ ly 12 72 “ M u r30
D o p r e f...................
*1 2 0 % 123
116 Ap"r26 125 A u g3 ()
5185 185
AATells, F a r^ o & C o ........
26 §130 J a n 11 199% D e c 30 120 J ’ ne 140 D e c
91
9 1% VV e s t’ n U n ion T e le ’ gph
3,920 81 J a n 21 100% M ay 6 7 7 % J ’ ne 88 % J an
174 174
W e s t’ g h ’ seE l<kM l’g assen
2,650 145 N o v 2 6 180 D e c 26
"1 7 4 180
D o 1 st p r e f . . . T...........
157 N ov 2 7 187 D e c 27
*1 0 % 14
61
64
*19
26 %
132 134%
02
62%
84
84
75
75%
2 7 % 27%
59 % 60%
5 8 % 5 9%
3 2 % 32%
9 2 % 93 %
38
38
12 5 % 126
J9
20
5 5 % 30%
1 0 8 % 109
*155
158
100% 101%
88 % 88%
22 % 22 %
4 1 % 42%
17 % 17%
*50
51
*2 8
30
19% 20
3 9 % 40 %
BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
B a r ilo
»KW Y O R K
CITY
U n ited Nat/J.
V a rlo k **........
*Washi n g V n !
V/Hfih. U'hth0
\ v e*t Side*,
V / e s te r n ...
Y o r k v U le y . .
Bankn
BROOKLYN
ilia
HfC B rook ly n ]! ..
8 th Ward]| ..
200
5 th A v e n u e ]
200
F ir s t ...............
2 00
K in g s O o ]j...
. . . . . . 600
M a n u fa c tr s ’ .
'.26
M eohajilcsIJ .
240
M ercb a n t s '..
N a s s a u .........
N at C i t y ..
L e d fo rd ^ j___ 225
. . . . . . N orth Hide*,.
B road way*|.. 250
Reo p ie ’ s ] ) .. ..
h ia
A sk
120
101)
300
1 30
300
2) 7 %
100
350
290
180
206
B anks
B id
A sk
BROOKLYN
85
110
J7t>h Ward]|
S p ra g u e
26th W ard]}
U nion])
WalJabouL]| .
J 30
200
140
140
105
Trust Cos*
N. Y. CITY
A tln n tic T r . . 275
213
160
Trust Co’s
285
----*
a U''-ft f,r><■,<•, j; no
were m ade o n th is day. § I e
nan 100 sh ares.
1 Bale at, S to ck E x c h a n g e o r a t a u ctio n this w eek .
h T r u s t (Jo. c e r tific a te s .
D ow J'gG rocn
1205
JHd A s k
Trust Co’s B id A slc Trust C o’ h
565
M o rto n T ru st 1180%
i
A sk
I ll d,
BROOKLYN
1890
N Y L ife & T r 1275
380
N Y S cccfcT r ) 1350 1353 B rook ly n T r 425
375
N orth A m er 1261 %
Flnl hush
170
330
R ea l K s t T r ’ l 4 0 0
F ran k lin
475
1
1
;
i
1
1
1
i
II
<
1
1
■
310
302
1450 1550 S ta n d a rd T r’ t 405
.........
275
1650 % 671
T r Co o f A m . 270
K in g s C o ___ 450
1j nion T rust 1390 1410 1, 1m! L cfeT r 276
756 775
320
M an nlaoL T s. 305
725
435
4 60
u s
556
Uni 1/ S tates . 1690
N a s s a u ......... 211 220
........*
1060
W a sh in g to n . 425
, -r--- 1T u p l e 's ....... 350
W ilila m s b ’g . ( 2 1 6
370 4 00
525
% E x n guts. ]| Uhiiks m arked w ith a paragrap h (]|) a r c S ta te ban k s*
C ’ l R ’t y B & T r
C en tra l T r ’ st
C ity T ru s t
C o lo n ia l..
C o n tin e n ta l
Farm Lo<fcTr
F ifth A v e T r
G u a ra n ty T r
KnieJc ’r u ’ k ’ r
M a n h a tta n ..
M erojui lvjle .
M e r c h a n ts’ ..
M etrop olita n
New York Stock Exchange—Bond Record, Friday, Weekly and Nearly
O il l PV1M 1
B O N 1 )8
ri Y . S T O C K E X C H J NG
W aitK E n d in g J a n . 2 4
* 3
t- jk
C*^
P r ic e
F r id a y
J a n . J4
S ill
W eek 's
M ange or
L a st S a le
A s k L ow
r§
l|
■
1
M ange
Y ea r
iy o i
L lig h I A o |!Low
H ig h
1 . N. i« o v e r n i iie u (
OuUttoi r e g i s t e r e d , if 1! J3ii Q J
b 2s Ci)ti^ul c o u p o n . . . . a L'
QJ
(1.
S 2d c o n s o l re g s m a ll. .U i'
Q J1
S 2 b co n so l co u p dm All. til'
q J
S 3 d r e g i s t e r e d . . . . . . . . k \ 1)liS Q F
ti 3s Coupon.................... .tol' 318 Q *
S 3d f o g s m a l l b o m l a . , k L
Q -*
S 3d c u ll b iu a ll b o iu lb ..A . L918 g - p
S 4a rtig is tc r c tl............. /i 1907 Q-J
1907 o J
S 4b c o u p o n
<3 F
S 4b r e g is t e r e d ,..
S 4a c o u p o n ..................... 1925 g f
B 5a r e g i s t e r e d . . . . . . . . . . 190-4! ip F
b 5a c o u p o n . . . . . . . . . . . . 19041 g f
8
F o r e ig n G o v e rn m e n t
F ra n k fu rt-o n -M a in 3*28 ser
V b or M e x ic o a f
or
8 t a t e S e c u r it i e s
A la b a m a claaa A 4 t o 6 .. .. 1 9 0 0
d n a a B 5 a ............................ 1900
C lass C 4 s ........... .
190ii
C u rre n cy fu n d in g 4 a . . . . 1920
D ie t o f C o lu m b ia 3 0 5 a ____1924
L o u isia n .i n ew c o n s o l 4 s . .1 9 1 4
b m a l l ...............................................
M is s o u r i fu n d in g ___ 1894 1995
N o r t ii C a rolin a c o n s o l 4 s . 1910
0 s ..............................................1919
S o C a rolin a 4 Sab 20-4O .........1933
T e n n n e w se ttle m e n t 3 s . .1 9 1 3
B m a ll..............................................
V ir g in ia fu n d d e b t 2 - 3 s . . . 1991
R e g i s t e r e d ....................................
0* d e fe r r e d c e r t f s .......................
108 *2 103 7aj 1 0 8 78 D e c 'O il
1 0 8 * 2 1 0 8 V 108*2 J an '02
...................... ..........- - - - -
•
108 108*21 107 *2 b e t ’ 01
109
10834 109*2 109
••• i o 5a4 i o 634
107 Si 1 1 13»
4 L08*4 112
i o 634 iV*i
io s
i o 9 1108 D e c ’ 01
l 1 1 7b 1 12 *4111 l 7a D e o ’ 0 1 , . . .1 l 1 1°8 114*2
l l l 78 112*4 ! l i '0 j,ih '0 2
112 115 >4
139
l3 8 34 139*4; 139
137 139*4
1 1 3 6 7a 1 3 9 7«
13934 140Q l 3 9 7bD » c ’ Ol
106
107
i l l ) M ay’ 01 . . . . 110
1 1 1 7,,
107*4 113*2
107*4 108*4 107*4 D e o ’ Ol
M-S
1 \
95^ b .........
* on th e ba s i j of to u r
Q J + mmw mm • m m m • 9 6
1 h eee a r e p r ices o
R a ilr o a d
la b a m a C ent S ee S o R y
la b a M id i See S a v F la 3b W
A lb a n y 3b S u sq See D el & H u d
A lle g h e n y V a lle y S e e Y e n n R R
A lle g 3b W e s t S ee B u ff R 3b P
A m D o c k 3b Im
C ent of N J
A r b o r 1 st g 4 s ......... /il9 9 5
A tc h T 3b S F e g e n g 4 s . ..1 9 9 5
R e g is t e r e d .......................... 1995
A d ju s tm e n t g 4 s ........... /il9 9 5
R e g i s t e r e d ...................At1995
S ta m p e d .................... /t l9 9 5
C lu e 3b S t L o u is 1 st 6 8 ..1 9 1 5
A t l K n o x & N o r 1 st g 5 s . . 1946
A tla n ta <fe D a n v See S o u th R y
A tla n ta & Y a d k See S o u th R y
A u s t in 3b N W See S ou P a c ific
a t C re e k 3b S S ee M ic h C ent
a lt <fe O h io p r io r 1 g 3 *aB. 1925
R e g i s t e r e d ...................... 7il925
G o ld 4 s ............................. At1948
105 *y 109*b
105*4 109*2
a
p e o ’ 01
91*8
'm arks to 0 n e do
J a n ’ 02 . . . . 9 6
n th e b asi a o j $5
J - J * ••••••
* 106®8 J a n ’ 02
J -J
109*4 O ct ’ ()()
J -J
... 103*4 D e c ’ Ol
J -J
109 A u g ’ 01
F -A
125 .......... 1 2 6 O e t ’ 01
J -J
1 0 6 * 2 .......... 107 N o v ’Ol
109*2 F e b '99
J -J
J -J
104
104 S ale 104
A-O
136*2 J ’ l y ’ Ol
J -J
120 M a r ’ 00
J -J
96*8 98
95«8 J a n ’ 02
J -J
95 .......... 95 O ct ’ 01
J -J
9 9 34
9 9 34
9 9 34 Sale
J -J
6 ..........
7*4 J a n ’ 02
....
108
93
lia r .
97*4
to £ .
109 S*
102
. . . . 109
•••• 125
106*2
i o s Ss
109
126
109
2 105
135
106*4
136*2
•••• 95*3 9 9 34
94*2 96
9 93*2 9 8 34
7*4
1 0 34
A
Ann
B
C o n v d e b 4 s ....................... 1911
P J u n 3b M D i v 1 st g S *281925
R e g i s t e r e d ..................p l 9 2 5
S o u th w D iv 1 st g 3 *38. . . 1925
R e g i s t e r e d ................../t l 92 5
M o n o n R iv 1 st g u g 5 s ..1 9 1 9
Q -J
A -O
A -O
N ov
N ov
N ov
M-S
J -D
97 S a le
103^8 Sale
J -J
Q -J
A -O
Q -J
M-S
.M-N
Q -F
J -J
Q -J
F -A
M-S
95*4
9 5 34 168 94*2 9 7 34
97 D e c ’ Ol
95
97
104 259 99 105
103*4 Sale 103
2 1 0 0 *8 1 0 4
102
102
105*2 102 1 0 0 *2 1 1 0
105 Sale 104
*9 0 .......... 90*2 J a n ’ 02
87*2 91*4
92*8 Sale
92
108
S ale
9 95 101
96*^
97
103*2 1 0 3 7b 402 101 78 105*4
103
103
6 1 0 1 34 104
92
93«p 424 8 6 34 99
92
95
9 4 34 J a n ’ 02
97
92
93*2 2 6 8 9 0
.......... 108*4 D e c ’ Ol
. . . .
108
109
96*4 Sale
90*2
9 0 34 233 8 8 58 92®8
90*2 J ’ n e ’ 01
90*2 91
111 M a y ’ 00
•••••• #••••• 112 N o v ’ O l •••• 112 112
9 0 34 S a le
B e e c h C reek S ee N Y C 3b H
B e lle v <fe C ar
lin o is C e i
B k ly n & M o n t a o k See L o n g I
B r u n s & W e s t See Sav F I &. \
B u ffa lo N Y <fe E r ie See E r ie
M -S 1 1 8 * 9 — . . .
B u ffa lo R <fe P g e n t
J -J
A -O 1 0 2 ..........
J -J
V* Ufa JiilU l e t p U. g V
F -A 1 2 8 * 4 ..........
B o o h & P it t s 1 st g
J -D 1 2 7 * 4 ..........
C o n s o l 1 st g 6 s ...
B u ffa lo & S o u th w e s t
A -O
A -O
J -J
1 s t r e fu n d in g
99 102
J -D 1 0 4 ff8 105
B u r C ed a r R & \
A-O 194
A-O
A -O 117 ..........
M & S t L 1 st g u g 7 s ___ 1 9 2 ' J -D
/C a n a d a S o u th 1 s t 5 s ........190; J -J l 0 5 78 Sale
M-S 110*2 Sale
M-S
C a rb & S h a w n See 111 C en t
C a rolin a C en t S
C a rth a g e & A d
C ed R l a F 3b N See B C R d b N
J -D
C en B ra n ch U P L s t g 4 s ...l 9 4
92
C en B r a n c h R y See M o P a c
C en tra l O h io St
M-N ..........106*2
F -A 1 2 0 122
F -A
M-N 110*2 S ale
C o n so l
M-rs
O ct
79*4 S ale
O ct
2 d p r e f in c o m e g 5s.
35*4 S a le
O ct
2 0 Sale
J -D
J -J
J -J
i J -J 1 0 6 ..........
M-N 1 0 3 * 2 .........
C e n t o f N J 1 s t c o n s o l 7 s ..
J -J 1 3 5 7s Sale
Q -J * 1 3 4
.........
118*a J a n ’ 02
115
103 A p r ’ 97
127 O c t ’ 01
1 2 7 34 D e c ’ Ol
127 131
127^130
100
1 1 8 34
N o v ’ 99
101 N o v ’ Ol
101 101
7 1 0 3 34 108*4
104*8 1 0 4 34
124*2 124*2 33 119*2 127*2
117 N o v ’ OO
113*2 D e c ’ OO
1 0 5 78 106
1 0 9 34 110*2
107 A u g ’ Ol
67 105*2 109
9 107 111
1 0 6 34 107
91
91*4 J a n ’ 02
103
121
N o v ’Ol
121*4
108*2 111*2
105*2 S ep ’ 01
76
79%
3 2 34
36
18*2
203s
92 N o v ’ Ol
95
D e c ’ 9£
102 J ’ n e ’ 99
106106
103*8 J a n ’ 02
133*4 136
134
135
96
10 119
96
103*2
122
313
97*4 l 0 8 34
105 *2 105*2
394 6 0
84*2
1034 2 0
3 6 78
8
21
287
___
91*2 92
2 i 0 5 34 l 0 5 34
102 *a 108
154 127 137*8
9 1|}127 137
BONDS
N. Y. STOCK E X C H A N G E
W e e k E nding J a n . 24
\
-
P r ic e
F r id a y
Jan. 2L
W eek's
M ange or
L a st Sale
3Cs^
OO
M ange
Y ea r
1901
Jtigh iVol Low H ig h
S id
A s/cl L ow
C e n tra l o f N J —(C o n tin u e d )
112
116%
1 1 3 34 1 1 3 34
A in D o c k <fc Im p g u 5 s . . 1921 J - J 113*4 116
L e 3b H u d R g e n g u g O s 1 920 J - J
103*4 N o v ’01
103*4 107
L e h 3b W lIk s B C oal 5 s .. 1912 M N
7 102 105*2
10 2 78 103
Cou e x t g u a r 4S>s-----//1 9 1 0 Q -M
N Y & L o n g B r g e n g Is 19411M s
lent P a c ih c See S o P a cific
J
C h a rles 3b S a v 1 st g 7 s ___ 1936
i j ;; i 17
•(> i 1334 i l l
i l 3 34 11 3 ai
C lies 3b O llio g 6s ser A . . h 1908
1 15 119
-0 1 liD -i......... 1 16*4 D ei 1)1
G o ld 6 s ............. .................a 1911
119 122
IN 1 2 0 Ab S alt I206ti 121
1 st con su l g 5 s ......... . . . . . 1 9 3 9
121 J 'n e ’ Ol
120*2 121
R e g is te r e d ....................... 1939 IN
107 *b Sale 106*2 107*8 87 104 108%
G en era l g o ld 4 Sas............. 1992 I S
............... 103 A p r ’01
103 103
R e g is te r e d ....................... 1992 I S
. . . . . . •mm0mm
......... 103 N o v ’OO
J 106
C ra ig V a lle y 1st g 5 s -----1940
i 11>3 107*2
104
101
-J ......... 106
R «fe A D iv 1st co n g 4 s .. 1989
99 103
......... 100*8 101 *2 D e c ’01 . . . .
-J
2d c o n so l g 4 s ..................1989
101 L A p r ’ 99
W a rm b p r V a l 1st g o s . . 1941 1 s 106
5 100 102*2
s 1 0 1 * 2 ......... 10134 i o
E iiz L ex ife B S gu g 5 s . . 1902
N
G r e e n b r ie r R y 1st g u g Is ’ 40
3 102% 105%
C h ic 3b A it K K s fu n d 6 s .. 1903 IN 10334 Sale 10334 lU 3 a„
16 86
94
s8
O
87 34 87 7b 87 7e
R e fu n d in g g 3 s . ............... 1949
o
M iss R iv B 1st s f g 6 s . . 1912
-J
84 *b Sale
84*8
84% 84 83*2 « 7 %
M a ilw a y 1 st lien 3*2»___1950
R e g is te r e d ....................... 1950 - J
lo 106% 109%
- J 104 7e Salt 1 0 4 10.»
C h ic B m <fe Q con su l 7 s . . . 1903
10 4 34 A p r ’ 00
-A
C h ic 3b Io w a D iv 5 s ........1905
5 10]
102*2
102*2 102 Si
-A 102*2 104
D e n v e r D iv 4 s ....................1922
*) 101% 104*4
- J 1 0 2 L ......... 102*8 102*8
Illin o is D iv 3S»a................1949
-J
R e g is t e r e d ....................... 1949
O 115*8......... 115*6 A u g ’ Ol . . . . 114 115*8
I o w a l ) i v Hiiik fu n d 5 s . .1 9 1 9
O 105*4......... I0 4 3i D e c ’ Ol . . . . 103% 107
S in k in g fu n d 4 s .............. 1919
111*4 J a n ’ 02 . . . . 110 113
N e b r a s k a E x te n s io n 4 8 .1 9 2 7 1-N 111*8 112
109 *2 A u g ’ Ol . . . . 109*2 112%
R e g is te r e d .................... .1 9 2 7 l-N
1-S i ’o o ° 8 ......... 100% J ’ n e ’ 01 — 100% 100%
S o u th w e ste rn D iv 4 s ___ L921
J o in t b o n d s See G re a t N o rth
109*2 12 108 112%
D e b e n tu r e 5 s ..................... 1913 l-N 109*2 Sale 109
60 120 1 2 3 %
H a n & S t J o s c o n s o l 6 s . . 1911 1-S 122 S ale 121*4 122
-D U l 34 ......... 111*2 D e c ’ Ol . . . . 111*2117
C h ic 3b E 111 1 st a f c u r 6 s . 1907
1 st c o n s o l g 6 s ....................1934 L-O 13834 ......... 138 *2 D e c ’01 . . . . 135 140
G e n e ra l c o n s o l 1 st 5 s ___ 1937 l-N 123*4 Sale 122Si 123*4 67 115 127
115 A u g ’ OO
R e g is t e r e d ....................... 1937 l-N
-J 121 .......... 122*2 D e c ’ 01 — 112%. 125
C h ic & In d C R y 1st 5 s. 1936
C h ica g o 3b E r ie See E rie
6 115 128
126
- J 126 .......... 126
C h ic I n & L o u is v r e f 6 s . . . 1947
114 J a n ’ 02 . . . . 1 0 6 78 116%
-J
R e fu n d in g g o ld 5 s ........... 1947
1 113 117
- J 1 1 3 * 4 ......... 113% 113%
L o u is v N A 3b C h 1 st 6 s. 1910
9 180 194
183
- J 183 Sale 182%
C h ic M il 3b St P a u l co n 7s 1905
4 111*2 1 1 5 %
112
- J 1 1 2 * 4 ......... 112
T e r m in a l g o ld 5 s .............. 1914
G en era l g 4 s se rie s A ..e l 9 8 9 r - j 112 *2 Sale 111*2 112*2 34 110 114*2
105 *2 F e b ’ 98
R e g is t e r e d ..................... «1 9 8 9 ) - J
G e n e ra l g 3*28 se rie s B .e l9 8 9 r. j
- j 1 1 7 * 2 .......... 118% N o v ’ Ol 8 1 116*2 121
C h ic & L S u D iv g 5 s ___ 1921
2 118 122%
121
-j
121 S a l« 121
C h ic 3b M o R iv D iv 5 s . . . 1926
5 116 119
C h ic 3b P a c D iv 6 s ........... 1910 i - j 115*2116 *2 116*2 116%
119*2 84 116*2 122
C h ic 3b P W 1 st g 5 s ........1921 i - j 1 1 9 *8 ......... 118
D a k 3b G t S o g 5 s .............. 1916 j - j 1 1 4 * 4 .......... 112*4 J a n ’ 02 — 1 1 1 % 1 1 6 %
13234
137*2 J ’ ly ’ 99
-j
F a r 3b S ou a ssu g 6 s ........1924
H a s t & D D iv 1 st 7 s ........1910 j - j 121*2 123*4 123% O ct ’ 01 .... 120% 126*2
1 109 78 110*2
1 st 58.................................. 1910 j - j 108 .......... 108*2 108*2
1 185 188
182*2 182*2
I <fe D E x t e n 1 st 7 s ..........1908 i - j
L a C ro sse 3b D 1 st 5 s ___ 1919 i - j i l 5 3 4 ......... 117*2 O et ’ 01 . . . . 117*2 119
M in e r a l P o in t D iv 5 s ___ 1910 r - j 1 0 8 * 2 .......... 1. 1 0 % N o v ’ Ol . . . . 108 110%
I I 0 S2 3 0 11 4% 119*2
S o M in n D iv 1 st 6 s ......... 1910 j - j 115 *2 Sale 115
8 113 117Si
S o u th w e s t D iv 1 st 6 s ___ 1909 r - j
114*4115*2 114*2 114%
1 1 7 * 2 ......... 116% J a n ’ 02 . . . . 1 1 6 % 1 2 0
W is 3b M in n D iv g 5 s ___ 1921 r- j
116 119%
M il 3b N o 1 st M L 6 s. ...1 9 1 0 J-D 1 1 4 * 4 ......... 116 J ’ l y ’ OJ
118% 122
118% S e p ’ 01
-D 119*8
1 st c o n s o l 6 s ....................1913
C h ic a g o & N o r t h w e s te r n
9 139 *2 142*2
140*2 Sale 140*2 141
C o n so lid a te d 7 s ................ 1915
-D 103 104
1 102% 108
103%
103%
G o ld 7 s .................................. 1902
R e g is t e r e d ....................... 1902 r-D 1 0 3 * 8 .......... 102 D e c ’ Ol . . . . 102 108
108% 112
E x te n s io n 4 s ..........1886-1926 ?-A 1 0 8 34 ......... 101- D e c ’ Ol
107 M a r ’ OO
R e g is t e r e d ........... 1886-1926 ?-A 107*2110
109*4 111
G e n e ra l g o ld 3*28.............. 1987 l-N 1 0 8 * 4 .......... 111 O c t ’ 01
103 N o v ’ 98
R e g i s t e r e d ....................®1987
i i 3*0 116%
115 J a n ’ 02
S in k in g fu n d 6 s . ..1 8 7 9 -1 9 2 9 1 -0 13.5*2116
111 O et ’ OU
R e g is te r e d ........... 1879-1929 v -o
106% 110*8
S in k in g fu n d 5 s . . . 1879-1929 A -O
|107% 107%
1073s M a y ’ 01
R e g is t e r e d ........... 1879-1929 A -O
109 J a n ’ 02
i.108 1 1 0 34
D e b e n tu r e 5 s ......................1909 M-N 108*2 110
108 108*8
108 O ct ’ 01
110
R e g is t e r e d ....................... 1909 M-N
I 1 4 34 117*4
D e b e n tu r e o s ......................1921 A-O 1 1 4 * 4 ........ 115 J a n ’ 02
114 114
R e g is t e r e d ....................... 1921 A-O 1 1 4 * 4 ........ 1 14 O et ’ 01
121*2 1‘2 5 *4
S in k in g fu n d d e b 5 s ........1933 M-N 121*2 Sale 121*2 1 2 1 L
122 123
123 M a y ’ 01
R e g is t e r e d ....................... 1933 M-N
D e s M o 3b M in n 1 st 7 s . .1 9 0 7 F -A
113 113
113 J a n ’ 01
M ilw 3b M a d iso n 1 s t 6 s .. 1905 M -S
11078 111
1 1 0 78 O ct ’ 01
N o r th I llin o is 1 s t 5 s ___ 1 910 M-S
110*4 111*4
110*4 A u g ’ Ol
O tt C F <fe St P a u l 1 st 5s 1909 M- S
W in o n a 3b S t P e t 2d 7 s . .1 9 0 7 M-N 1 1 8 % ....... 1 20 *s N o v ’ 00
135*4 141*4
M il L S 3b W e s t 1st g 6s 1921 M-N 1 3 6 % ....... 1 3 7 L J a n ’ 02
123*2 127*8
Ext<& Im p s fu n d g 5 s 1 929 F -A 1 2 8 * 8 ____ 1 28 J a n ’ 02
1 4 3 34 1 4 3 %
A sh la n d D iv 1 st g 6 s .. 1925 M-S 1 4 1 * 2 ....... 1 4 3 34 A p r ’ 01
1 3 S 58 143
1 3 9 34 J a n ’ 02
M ic h D iv 1 s t g 6 s ..........1 924 J
139*2 141
107*8 1 0 7 * 8
C o n v e r tib le d e b 5 s ___ 1 9 0 7 1F-A
1 0 7 * 8 ____ 107*8 F e b ’ 01
113 113
I n c o m e s ...........................1911 M-N 110*2....... 113 A p r ’ 01
127*4 1 3 2 * 4
130
130
129 130
C h ic R o c k I si <fe P a c 6 s . . . 1917 J
126 1 3 2 * 2
126 D e c ’ 03
R e g is t e r e d ....................... 1917 J - J
G e n e ra l g o ld 4 s ..................1988 J -J 1 0 8 7e Sale 105*2 109*4 7*44 1 0 5 3s 110
105*2 107 s
106*2 N o v ’ Ol
R e g is te r e d ....................... 1988 J -J
99 7s
9 9 7s F e b ’ 01
~8 99 78
D e s M & F t D 1 st 4 s . . ..1 9 0 5 J -J
86*4 A u g ’ 00
1 s t 2 Sjs.............................. 1905 J -J
97 D e c ’ 00
E x t e n s io n 4 s ................. 1 905 J -J
110*2 112*2
110*2 J a n ’ 02
110
K e o k 3b D e s M 1 st 5 s ___ 1923 A -O
C h ic <fe S t L See A t c h T 3b Sa F e
C h ic S t L tfe N O See 111 C en t
C h ic S t L <fe P itts See P e n n Co
81 134*4 142
140*2 140%
C h ic S t P M & O con 6 s . . .1 9 3 0 J -B 140*4 141
C h S t P (fe M in n 1 st g 6s 1918 M-N 1 4 0 * 8 ____ 140 J a n ’ 02 — 1 134 140*2
140 140
140 M a r’ 01
N o r W is c o n s in 1 st 6 s . . . 1 930 J - J
127 132
S t P 3b S C ity 1 st g 6 s . . .1 9 1 9 A-O 129 . . . . . 129*2 J a n ’ 02
98
90 245. 87
89
C h ica g o T e r T r a n s g 4 s . .. 1947 J - J
89*2 Sale
ChicJb W e s t l n d g e n g 6s </1932 Q-M 1 1 7 34 ........ 119*4 N o v ’ Ol . . . . 117 119%
100 Oet ’ 99
C h ic (fe W e s t M ic h R y o s . . 1921 J -D
.........
...
6
MISCELLANEOUS BONDS—Continued on Next Page.
S tre e t R a ilw a y
B r o o k ly n R a p T r g 5 s ........ 1945
A t l A v B k ly n im p g 5 s .. 1934
B k C ity 1 st c o n 5 s . 1 9 1 6 ,1 9 4 1
B k Q C o & S co n g u g 5 s . 1941
B k ly n U n E l 1 s t g 4 -5 S .1 9 5 0
K in g s C o E l 1 st g 4 s ___ 1949
N a ss a u E le c g u g 4 s ___ 1951
C ity (fe S R y B a lt 1 st g 5 s . 1922
C on n R y <fe L l s t & r e f g 4 * a s ’ 51
D e n C on T r Co 1st g 5 s . . . 1933
D e n T ra m Co co n g 6 s ..1 9 1 0
M e t R y Co 1 s t g u g 6 s .. 1911
D e t L it s t R y 1 st co n g 5 s . 1905
G r R a p id s R y 1 st g 5 s . . . a l 9 1 6
L o u is R v C o 1 s t co n g 5 s .. 1930
M a r k e t S t C R y 1 st g 6 s .. 1913
M e t S t R y g e n c o l t r g 5 s. 1997
B w a y & 7th A v 1 s t c g o s 1943
Street Railway
A -O
J -J
J -J
M-N
F -A
F -A
J -J
J -D
J -J
A -O
J -J
J -J
J -J
J -D
108*2 S ale
108*4 108S> 13 103*2110*2
110 J a n ’ 99
1 111 115
1 1 2 * 2 .......... 112*2 312*2
......... 102
100 J a n ’ 02
1 0 0 105*8
102
Sale 101*2 102
115 98 103
91*2 Sale
91
91*o J 09 8 8
95
—
95
103
J ’n e ’ OO
N o v ’ Ol ....1 :1 0 1 * 2 1 0 3
M e t St "Ry—(C o n tin u e d )
ColJb 9 t h A v l s t g u g 5 s .1993
L e x A v & P F 1 st g u g 5s 1993
T h ir d A v e R R c o n g u 4 s 2 000
T h ir d A v e R y 1 st g 5 s .. 1937
M e t W S E l (O hio) 1st g 4 s . 1938
M il E l R y (fe L 3 0 -y r g 5 s. 1926
M in n S t R y 1st c o n g 5 s .. 1919
St P a u l C ity C a b c o n g 5 s. 1937
G u a ra n te e d g o ld o s ......... 1 9 3 7
U n io n E l (C h ic) 1st g o s .. 1943
W C h ic St 4 0 -y r 1st o u r o s . 1928
4 0 -y e a r c o n s o l g o ld 5 s . . . 1 936
M-S
M -S
J -J
J -J
F-A
F-A
J -J
J -J
J -J
A-O
M-N
M-N
122 ......... 122
122 ......... 123
99% s a lt
99*4
......... 122*a 124
102%
ii>v>^ m i n 110 A p r ’01
1 1 2 * 2 ......... 114*2 N ov ’ Ol
J -J
126
123%
105
1 26
105%
n o
110
111*2 114*2
1 2 1 ^ 1 22 S: 10*9*’•' i n o 'oV*
G a n an ti E l e c t r i c L ig h t
M a r’ 98 : : : : : : : : : : : : : : : :
1
A tla n ta G L Co 1 st g 5 s. ..1 9 4 7 J -D
F -A
120% J a n ’ 02
117*2 122*2 B os V G a s tr o ils s f g 5 8 .1 9 3 9 J-J
1 2 0 121
J-D
118 122% B k ly n U G a s 1st c o n g 5 s. 1945 M-N
1 1 8 * 2 ......... 118*2 J a n ’ 02
N o price Friday; latest price this week, a Due Jan d Due Apr e Due May g Due J'ne h Due J ’ly /»• Due Aug
J -J
D e c ’ Ol
J a n ’ 02
99%
J a n ’ 02
J a n ’ 02
II
121%
120
720 100
123
98
109
9 1 % O et ’ 98
117% U T S
p Due Nov
Due Deo
* 8 lV 5 S> l 19 g
^Option sale
Bond Record— Continued— Page 2
JA.NUA11Y 2 5 , 1 9 0 2 .|
BONDS
N. Y. STOCK E X C H A N G E
WmiBK e n d in g J a n . ‘2 4
P rice
P rld a ij
Jan. 2 4 .
* .2
D
E
R anue
y ea r
1001
So
no
A s k Low
H
L
.......... 93
93
105 ......... 1 0 5
M-S
119
122
93
O c t ’ 01
11 8 % O ct *01
J -D
85
......... 01 % O ct ’ 01
F-A
IO734 D e c ’ 00
....................
AO
A -O
A O 124 12 4 % 1 2 4 % D e c ’ 01
J -J
......... 97 Jan ’ 02
97
Q -t *109 ......... 108% 10 8 %
• IfOprlee Friday; latest bid and
P r ic e
Prlduru
Jan. 24
Hid
W eek's
Ua/nge o r
Last Sale
A sk JjQV)
100
106
.........
107 % Halo
88% Hale
<2
Ra/nge
Y ear
1001
SQ j
H ig h A'o 1 Low
High,
|
Hep ’ 00
—
105 M a r’ 9H . . . .
107 U J 07 1 60
88%
88%
1
104 Jan '0 2
104 *2100
J 09 .......... 9 8 % N o v ’ 00
109 .......... 109 D e c ’ 01
9 5 % Sale
95%
......... 1 0 8 %
10734
..........106
104
96*8 413
108
70% i l l
07
92
101
105
109
109
95
101
19 103% 110
O ct ’ 01 —
104
106'%
5 115% 1 1 5 %
115 S ale 115
115
113 ......... 1 1 3 % M a r ’ 00 . . . .
1 0 0 * 4 ......... 106 D e c ’ 01 . . . . 104 i0 7 %
102% A p r ’ 98
.................
....
5
1 0 5 % i(J6% 106%
106%
1 0 5 % _____ 102 O ct ’ 01 . . . .
105% 10G% 105% Jan ’ 02 —
98 J a n ’ 00
110 .........
101 *8 J a n ’ 02 . . . .
1 2 2 % ....... . 123 M ay’ 99
90% A jir ’ Ol . . . .
104
102
102
106
102
106
1 0 0 % 103
90
91
1 0 0 % ......... 101*4 A u g ’ 01 . . . . 101*4 102*4
101% O ct ’ 99
100 N o v ’ 00
1 1 5 * 2 ......... I I 434 J a n ’ 02 . . . . 1 1 2 % i l 5 %
128%
124
90
130
124
101*4
M a y’ 01 . . . .
N ov ’98
D o c ’ 01
S e p ’ 01 . . . .
O ct ’ 01
106
O ct ’ 01 . . . . 106
......... 104% 1 0 4 %
1 0 5 % ........ 109
124 1 26
101% Sale
75
80
1 1 7 % Sale
124
124
126 130
1 2 3 7« 124
101 *4 101 *4
107*4
2 105
l0 5
N o v ’ 01 - •. - 105
109
104%
100% D e c ’ 01 •- - - 9 8 % 100%
125% J a n ’ 02 . . . . 123 128
10134 ] 02
57 96 103
3 65
77%
77%
80
117
117% 15 1 1 5 ’ 4 H 9
95 J a n ’ 02 . . . . 94
94
K
asked this week,
1
....
....
94.
102
103
106
1 1 8 % 118%
6 1 % 102%
.... ...... ......
a Duo Jan
72
Sale
71*4
72
63% O ct ’ 00
93
66*8 72%
1 2 0 % 1 2 1 % 120% J a n ’ 02
118% 124*8
116 J a n ’ 02 . . . . 117 120
110 115%
111 . . . . . . 113 J a n ’ 02
......1 1 0
109
J a n ’ 02
110*2110%
i
109 110% 109
109
106% 109% 10834 N o v ’ 01 . . . .
5
1 1 8 % ......... 118% 118%
] 0 9 % O ct ’ 99
1 0 6 * 4 ......... 109 J ’ n e ’ 01 - - - -
109
109
....
95
100
121
123
9 6 % .........
97
N o v ’ 01
108*4111%
1 0 8 % 111
114*2118*2
..........1 1 8 %
*1 0 0 ......... 101 % Sep ’ 99
1 2 0 % ......... 121% J a n ’ 02
101
101% 102 J a n ’ 02
100 105
105 J ’ n e ’ 01 ... 102*4 105
100 O ct ’ 00
9 9 % Sale
9 9 % 100
23 97 101
110 112
3. 95
95
ILL
111
......... 105
1 0 8 % 110%
1 14 .........
1 1 2 % .........
11 4 % Sale
119 Salo
113 .........
101 *4 Sale
109*2110
109% J ’ n e ’ 01
107 Jan ’ 99
112 % J a n ’ 02
7
114*4 114%
7 112 121'
118% 119
114 S e p ’ 01
111 1 1 4 %
101
1.01% 108 99% 104%
100 J a n ’ 02
110% 1 1 4 34
113 .......... 113 N o v ’ 01
10034 Sale 10(>34 101
38 99 102
106 D e c ’ 00
1 1 3 34 115
1 1 3 % D e c ’ 01
113 116
^m
103 J a n ’ 98
I 30 i '3 i%
129 ......... 1 2 9 % J a n ’ 02
B O N D S —C o n t in u e d o n N e x t P a g e .
J -J
J -J
F-A
v' '-j
I
........ I 10
M IS C E L L A N E O U S
tin n a n d E l e c t r i c L ig h t
Ch G L <fo O C o See P G eft O Co
C olu m b u s G as 1 st g 5ft....1 9 3 2
C onn R y <fc L See S tr e e t R y
Con G as Co See P G eft C Co
D e tr o it C ity G as g 5 s ..........J923
D e t G as C o c o n 1 st g 5 8 ... 1918
Ed El III B kn See K Co E Left P
Ed E D I S eeN YGefc K L If <ft J
E q G L N Y 1st con g 6 s . . l 932
E q G <ft F uel See P G <ft O Co
G a s <ft E le c B e r g C o g g 5s. 1949
G r R ap G tj C o 1 st g o s . . . 101 5
K C M o G as C o 1 st g 5 s . . . 1922
K in g s C o EJ L A P g 5 s . ..1 9 3 7
P u rch a se m o n e y 6 s ......... 1997
Ed EJ II h k n 18term g 4 s 1939
L a c G as L o / 8 t L l s t g 5 s .« 1 9 1 9
hA nt Knel G as C o See P oop G as
BONDS
N . Y. S T O C K E X C H A N G E
W kick e n d in g J a n . 24
H igh S o Low H ig h
J a r g o «ft Ho See Oh jvi <ft s i i*
Jau ’02
1 lin t eft P oroM See P ore Mur
mm111*9 11 1 % F la Con eft P en l st g 5 h. .. I 9 l H J . J
1 1 1 3 8 ....... 111% D o c ’ 01 •m
1J3 O ct ’00
Jhi. land g r oxt; g old 6 h . I 930 J .1
( ’o n hol g o ld 5 b . ........... I 94 3 J -J
1 1 4 .......... 114*2 J a n ’02 .... 1 12*2 1 15
F o rt HI. IJ D Co 1st g 4 %M. I 94 I J -J
jot W eft Iion <! I h I: g 6 m. .1 92 I J D
F t W eft R io ( i r 1Hi, g 3 4 s . 1928 J J
/ a l 11a r eft S A See Ho Pac <Jo
1C 101 105*4 ' J a 1 11 eft ll o f 1 8 8 2 1 s t 5 h. 1913 A - 0
1 0 4 S ole 103% 104
. ..... ...... 99 J a n ’ 01 .... 99
G a <ft A t l R y lHt eon 5 s ..o l 9 4 6 J -J
99
......... 102
104 % D e c ’ 01 .... 1)8 *4 104 % G a C ar eft N o 1st gu g f>s.. 1929 J -J
103 % ......... 103% J a n ’ 02 .... 102 105% G e o r g ia P a c ific See S o R y
99 M ay’ 9 9
G ila V G <fc N o r See Ho Pao Co
100 .J’ n o ’ OI «... 100 100
G o u v eft O s w e g a t See N Y Cent
83 N o v ’ 99
G ran d R ap eft I m l See P en n ( Jo
G r a y ’ s P t T e r m See S t L S W
105
105
8 104 106
105 106
G t N o r —C B eft Q c o ll 1r 4 h 1921 J -J
G r e e n b r ie r R y See (d ie s eft O
1 1 6 ......... 11 5 % O c t ’ 01 .... 113% 115 *2
an eft S t J o See O 11 eft Q
1 3 0 133% 13 4 % J a n ’ 02 — 130 1 3 8
o u sa to n ic See N Y N . i l <ft H
H o c k V a l 1 st c o n s o l g 4 % s.l 999 J - J
R e g is te r e d ...........................1999 T . .1
1 3 4 % ......... 135*2 D e c ’ 01 .... 133 138*2
C ol eft H V 1 s t e x t g 4 s . . 1948 A O
1 0 4 * 2 N ov ’ 01 — 104*2104*2 H o u s t E eft W T e x See S o P a c
H o u s t <fc T e x Cen See S o P a c Co
42 95 1 0 ()t, I llin o is C en tra l 1 st g 4 s . . 1951 J -J
1 0 0 Bale
9 8 34 300
77*2
8 0 348 4 5 % 79 % 1 R e g is te r e d ....................... 1951 J -J
79 *2 S ale
1 st g o ld 3 % s ...................... 1951 J -J
11 6 * 2 ....... 115 N o v ’ 01 — 115 115
R e g is te r e d ....................... 1951 .1 ..T
..........1 2 7 % 12 9 *2 M a y’ 01 .... 129*2130*2
1 st g o ld 3s s t e r lin g ..........1951 M- S
R e g is te r e d ....................... 1951 M-S
C oll T r u s t g old 4 s ___ ...1 9 5 2 A - 0
83
,8 4 34 376 78
8 4 34 S ale
R e g is te r e d ....................... 1952 A-O
87*2
84
84 % 83
84 % 62 77
8 7%
L N O eft T e x g o ld 4 s . . . . 1953 M-N
263
92 % S ale
R e g is te r e d ....................... 1953 M-N
92*4
93
83
90*2
C a iro B r id g e g o ld 4 s ___ 1950 .T.n
L o u is v ille D iv g old 3 % s .l9 5 3 J - J
R e g is te r e d ....................... 1953 T. .1
M id la n d D i v r e g 5 s ..........1921 "R1-A
S t L o u is D iv g old 3 s ___ 1951. j - j
R e g is te r e d ....................... 1951 j - j
5
1 2 0 S ale 120
120
G o ld 3*38.......................... 1951 j - j
117% 123*2
....
1 3 5 % .......... 138 O c t ’ 01
136% 140
R e g is te r e d ................... 1951 j . j
1 3 6 34
139 N o v ’ 01
S p r in g D iv 1 st g 3 % s ... 1951 A . T
1 3 6 34 140%
140 O c t ’ 98
W e s te r n L in e s 1 st g 4 s .. 1951 F -A
1 3 3 3 4 ........ 133*2 J a n ’ 02 .... 1 3 3 % 137
R e g is te r e d ....................... 1951 F -A
B e lle v eft C ar 1 st 6 s ....... 1923 J -D
1 1 7 % ......... 119*2 J ’ l y ’ 01 .... 118*2119*2
104*410434
1 0 4 34 D e c ’ 01
C arb eft S h aw 1 st g 4 s . . . 1932 M- S
1 1 6 3 s ........ 116 ' D e c ’ 01 — 116 117%
C h ic St Left N O g 5 s . . . 1951 .1 .T)
R e g is te r e d ....................... 1951 J -D
1 4 7 * 2 ....... 147*2 D e c ’ 01 .... 145*2 14 7 %
G o ld 3 ^ s ...........................1951 J -D
149 A u g ’ 01 .... 149 150
R e g is te r e d ................... 1951 J -I)
U 5 % ........ 114% D e c ’ 01 .... 114*2117
M e m p h D iv 1 st g 4 s . . . 1951 J -D
122 J ’n e ’ 99
R e g is te r e d ....................1951 J -D
S t L S ou 1 st g u g 4 s ___ 1931 M-S
I l l * 4 ....... 1 1 0 % D e c ’ 01 .... 110*8 111*2
1 0 9 * 2 N o v ’ 01
1 0 9 *2 1 1 2 % I n d B1 eft W e s t See C C C eft S t L
1 5 0 * 4 . . . . . . 152 O c t ’ 01 .... 15034 153*2 I n d D e c eft W 1 s t g 5 s ........1935 J -J
151 J a n ’ 01 .... 151 151
1 st g u a r g o ld 5 s ..................1935 J -J
I n d 111 eft i a 1 st g 4 s ..........1950 J -J
102*8 Sale 10 1 % 102*4 40 100 104% In tefc G rea t N o r 1 st g 6s . . 1919 M-N
1 1 0 *4 1 1 2
l l 1 *4 J a n ’ 02 __ 108 114%
2d g o ld 5 s .............................1909 M-S
3d g o ld 4 s ............................ 1921 M-S
110*2 ...... 1 1 0 % D e c ’ 01 — 107 113*2
I o w a C e n tra l 1 st g o ld 5 s .. 1938 J-D
1 89*2 96
R e fu n d in g g 4 s ..................1951 M-S
........ 91
89%
89*2
J e ffe rso n R R See E r ie
al A eft G R See L S & M S
*106 ........ 111 F e b ’ 01 — 108% H I
aD eft M ic h See T o l eft O C
K C F t S eft M See S t L eft S F
102 J ’l y ’ 01
K C eft M R eft B 1 st g u .g 58 .1 9 2 9 A-O
102 102
3 85
92*2 Sale
92%
92*2
93
K a n C <ft P a c ific See M K eft T
3 3 38
34*2 100 29
3 4 Sale
35*2 K a n C ity S ou 1 st g o ld 3 s . .1 9 5 0 A-O
8 6 % J a n ’ 02 .... 85
84
86
R e g is te r e d ..........................1950 A -0
87%
16 93% 95
9 4 Sale
94
94
K a n sa s M id See S t L <fe S F
1 1 4 *2115
113 D e c ’ 01 — 1 1 0 % 116
K e n tu c k y C en t See L eft N
K e o k eft D e s M o See C R I <fc P
K n o x v ille eft O hio See S o R y
10
*11i
1 1 4 111
113
112 116
ak e E r ie eft W i s t g 5 s .. 1937 J -J
2d g old 5 s .........................1941 J -J
N o r th O h io 1 st g u g 5 s .. 1945 A-O
11 2 % 113
L S h o eft M ic h S See N Y C ent
* 1 1 4 * 2 ....... 113 D e c ’ 01
L e h ig li V a l (P a ) c o ll g 5 s . 1997 M-N
R e g is te r e d 5 s ..................... 1997 M-N
116*2 119*2 115*2 J a n ’ 02
115 119*8 L e h V a l N Y 1 st g u g 4 % s .l9 4 0 J -J
1 2 1 % .......... 121 J a n ’ 02 .... 119 121
R e g is te r e d ...........................1940 J -J
1 1 6 % ........ 111 J ’ l y ’ 01 .... 111 118
L e h V T e r R y 1 st g u g 5 s . 1941 A -O
1 2 1 34 .......... 1 2 1 \ J a n ’ 02 .... 123% 124
R e g is t e r e d ...........................1941 A -O
108% .......... 109*4 J a n ’ 02 - ••- 107 108
L e h V C oal Co 1 st g u g 5 s .1933 J -J
141
141
6 139 143%
........142
R e g is t e r e d ...........................1933 J - J
137 N o v ’ 01 .... 135% 137
L e h eft N Y 1 st g u a r g 4 s . . 1945 M-S
99 % S ale
R e g is te r e d ...........................1945 M-S
99
99*4 55 9 5 % 1 0 1 %
99 A u g ’ 01 .... 99
E l C eft N 1 s t g 1 st p f 6s. 1914 A - 0
99
8 8 34 Sale
G o ld g u a r 5 s ................... 1914 A - 0
88%
39*4 164 8 2 14 91*2
L e h eft H u d R See C e n t o f N J
213 9 2 % 96*2 L e h eft W ilk e s b See C e n t o f N J
9 4 % Sale
94*2
95
1 3 2 * 4 ....... 133 J a n *02 .... 136% 136% L e r o y eft C a n e y V a l See M o P
L o n g D o c k See E rie
L o n g I s la n d 1 st con g 5 s ./i l 9 3 1 Q -J
1 st c o n so l g o ld 4 s ..........7il931 Q -J
124*2 Sale 124*2 124*2 16 116 123%
G e n e ra l g o ld 4 s ..................1938 j'-D
1 0 5 * 2 ....... 106 J a n ’ 02 •••- 105 108
F e r r y g o ld 4 % s ..................1922 M-S
1 3 6 ....... 137 N o v ’ 01
137 140
G o ld 4 s .................................. 1932 J -D
113 .......
118*2 A u g ’ 01 ••»• 1 1 8 % 121
U n ifie d g o ld 4 s ..................1949 M-S
1 09 O ct ’ 98
D e b e n tu r e g o ld 5 s ........... 1934 J -D
B k ly n eft M o n t 1 st g 6 s ..1911 M-S
116 118
1 1 634 1 1 6 34
3 115 118%
1 st 5 s .................................. 1911 M-S
* ........119
115*2 J a n ’ 02 •••• 111 119
94
94
94 F e b ’ 01
N Y B & M B 1 st c o n g 5s 1935 A -O
N Y eft R B 1 st g 5 s ........1927 M-S
1 1 0 *2 ....... 110*2 J a n ’ 02 •«»• 100 11()34
N o r S h B 1st co n g g u 5 s o l 9 3 2 Q -J
1 1 6 S ale 116
1 11 5 % 115%
116
L o u is v eft N a s h v g e n g 6s. 1930 J -D
G old 5 s ........i ........................1937 M-N
i l 2 - \ S ale 112% H 3
16 1 0 7 % 112
U n ifie d g o ld 4 s ..................1940 J -J
R e g is t e r e d ....................... 1940 .1 - J
65 N o v ’ 97
C oll tr u s t g o ld 5 s .............. 1931 M-N
C o ll tr u s t 5 -2 0 g 4 8 .1 9 0 3 -1 9 1 8 A - 0
1 2 2 % ......... 125% D e c ’ 01
123 126
C ecilia n B r a n c h 7 s ......... 1907 M-S
* 109
4 107 111
......... 110
110
E H eft N a sh 1 st g 6s ___ 1919 J -D
112 ........
L Cin eft L e x g o l d 4 % s ... 1931 M-N
101
.......
N O eft M 1 s t g o ld 6 s ___ 1930 J -J
108 114
1 0 8 % ....... 114 A u g ’ 01
Hid
C h oo Ok tfc (4 gen g 5fl .. . o l 9 1 9 J -J
C in H <ft l> co n so l h I! 7 s . . . 1905 A O
2d go It l 4 % s.........................1937 I - J
(Jin D <ft l 1st gu g 5 a ... 1941 M-N
C 1 S t 1 m& O t o 0 O O A S t L
O lli S cfc CJ t o C C 0 S t L
C learfield <fc M ali See B R <fo P
O lov ela n d C ln O h io <fc S t L o u is
G en era l g 4 h....................... 1993 J -D
C airo l)iv 1 st gold 4 a — 1939 J -J
C ln W * M I)iv 1 at g 4 a. 1991 J -J
St. L D iv 1s t o o l tr g 4 s . . 1990 M-N
R e g is te r e d ....................... 1990 M-N
S p r ift Col D iv 1 st g 4s . . 1940 M-S
W W V a l D iv 1 s t g 4 s . . . 1940 J -J
C 1 St L
C co n s o l 6s . . 1920 M-N
1st gold 4 s ..................... fcl9 3 6 Q-F
R e g i s t e r e d ................&19S0 Q-F
C in S <fc Cl con 1 at g 5 s .. 1928 J -J
C C O & T con sol 7 s ..........1914 J -D
C onsol sin k fu n d 7 s ___ 1914 J -D
G en era l co n so l g o ld 6s . 1934 J -J
R e g is te r e d ...................1934 J -J
I n d B1 <fc W 1st p r o f 4 s . 1940 A - 0
O I n d t f c W 1 s t p i 5 s . . . d l 9 3 8 Q -J
P e o eft E a st 1st con 4 s . . . 1940 A - 0
In c o m e 4 s .........................1990 A p r
Cl L o r <fc W h c o n 1 st g 5 s. 1933 A O
C lev <ft M a rietta See P en n R tt
C le v <fe M alion V a l g 5 s . . . 1938 J -J
R e g is te r e d .......................1938 Q-J
C le v <fc P itts See P e n n Co
Col M id lan d 1 st g 3 -4 s ___ 1947 J -J
1 st g old 4 s ...........................1947 J -J
C olorad o tfe Son 1 st g 4 s . . . 1929 F-A
C olum & G re e n y See S o R y
Col eft F lock V a l See H o c k V a l
C ol C on n <fc T erm See N & W
Conn eft P a s R iv s 1 st g 4 s . 1943 A - 0
ak <ft G t So See C M eft St P
alias eft W a c o See M K <ft T
D e l L a ck eft W e s te r n 7 s . . . 1907 M-S
M o rris eft E s s e x 1 st 7 s . . . 1914 M-N
1 st c o n s o l g u a r 7 s ........1915 J -D
R e g is te r e d ................... 1915 J -D
N Y L a c k eft W 1 st 6 s . . .1 9 2 1 J -J
C o n stru ctio n 5 s ............1923 F - A
T erm eft im p r o v e 4 s ___ 1923 M-N
S y r B in g eft N Y 1 st 7 s . . 1906 A -O
w a r r e n 1 s t r e f g u g 3 % s . 2000 F - A
D el eft H u d 1 st P a D iv 7 s. 1917 M -S
R e g is te r e d ....................... 1917 M -S
A lb <fc S us 1 st c o n g u 7 s .1906 A-O
R e g is te r e d ....................... 1906 A - 0
G u a r g old 6s ........... .. .. 1 9 0 6 A - 0
R e g is te r e d ....................1906 A-O
R e n e eft S a ra tog a 1 st 7 s .1921 M-N
R e g is te r e d ....................... 1921 M-N
D e l R iv R R B rid g e See P a R R
D e n y <fc R G r i s t c o n g 4 s . 1936 J -J
C on sol g old 4 % s ................1936 J -J
Im p r o v e m e n t g o ld 5 s . . . 1928 J -D
R io G r S o g u See R io G r So
D e n eft S W e s t g e n s f g 5s 1929 J - D
D e s M o i eft F t D See C R eft I P
D e s M eft M in n See C h eft N W
D es M o i TJn R y 1 st g 5 s . .1 9 1 7 M-N
D e t M e f c T o l See L S e f c M S o
D e t eft M a c k 1 s t lie n g 4 8 .1 9 9 5 J -D
G old 4 s .................................. 1995 J -D
D e t M <ft M l d g r 3 % s s e r A 1911 A -O
D e t S ou 1 st g 4 s ................. 1951 J -D
O h io S o u D iv 1 s t g 4 s . ..1 9 4 1 M -S
D u l & Ir o n R a n g e 1 s t 5 s .. 1937 A-O
R e g is te r e d ...........................1937 A-O
2d 6s ......................................1916 J -J
D u l S o S h ore <fc A t l g 5 s . .1 9 3 7 J -J
a st o f M in n See S t P M eft M
a st T e n V a <fe G a See S o R y
E lg in J o l eft E a st 1 st g 5 s . 1941 M-N
E liz L e x eft B San See C & O
E lm C ort eft N o See L e h <ft N Y
E rie 1st e x t g o ld 4 s ..............1947 M-N
2d e x t g o ld o s ....................1 9 1 9 M -S
3d e x t g o ld 4 % s ..................1923 M-S
4 th e x t g old 5 s ....................1920 A -O
5th e x t g old 4 s ................... 1928 J-D
l e t c o n s o l g o ld 7 s .............. 1920 M -S
l e t c o n s o l g fu n d 7 s ........ 1920 M -S
E r ie 1 st co n g 4 s p r io r .. 1996 J -J
R e g is te r e d ....................... 1996 J -J
l e t c o n s o l g e n lie n g 4 s .. 1996 J -J
R e g is te r e d ....................... 1996 J -J
P e n n c o ll tr g 4 s ............. 1951 F-A
B u ff N Yeft E r ie 1 st 7 s . .1 9 1 6 J-D
B u ff eft S W g old 6s ..........1908 J -J
S m a ll.................................. 1908 J -J
C h ic <fe E r ie 1 st g o ld 5 a .. 1982 M-N
J e ff R R 1 st gu g 5 s ___ &1909 A -0
L o n g D o ck co n so l g 6s . . 1935 A -O
Coal <ft R R 1 st cu r gu 6s . 1922 M-N
D o ck eft Im p 1 st c u r 6 s ..1 9 1 3 J -J
N Y <ft G reen L g u g 5 s. 1946 M-N
M id R R o f N J 1 st g 6s . 1910 A - 0
N Y S u s eft W i s t r e f 5 8 .1 9 3 7 J -J
2d g old 4*28..................... 1937 F-A
G en era l g old 5 s .............. 1940 F - A
T erm 1n al 1 at g o ld 5 s . . . 1943 M-N
R e g is $ 5 ,0 0 0 e a c h ...1 9 4 3 M-N
W llk <fc E a 1 st g u g 5 8 .1 9 4 2 J -D
E r ie eft P itts See P erm Co
E u re k a S p rin g s 1st g 6s . . 1933 F-A
E v a n s v ille eft T e r r e H a u te
1 st co n so l 6s .......................1921 J -J
1st g en era l g o ld 5 s ..........1942 A - 0
M t V ern on 1 st g o ld 6s . . 1923 A - 0
B ull C o B ra n ch 1 st g 5 s .1930 -.
A - 0„
Ev<fe In d 1 st con g u g 6s . .19261 J -J
W eek's
R anue or
L a s t S a le
193
123% 120*4
96
9 7%
2 107 110
d Luo Apr
G a s a n d E l e c t r i c L ig h t
N e w a r k C on s G as con g 5s 1948
N Y G E L H eft P g 5 s . . . 1948
P u r c h a s e m o n e y g 4 s . . . 1949
E d E l 111 1 s t c o n v g 5 s .. 1910
1 st c o n s o l g o ld 5 s ...........1995
N Y eftQ E l L A P 1 st c o n g 5 s l 930
P a terson eft P G eft E g 5 s. 1949
P e o G a s A C 1 st g u g 6 s .. 1904
2d g u a r g old 6 s ..................1904
1 st con g old 6 s ................... 1943
R e fu n d in g gold 5 s ............ 1947
Ch G-Left C k e 1 s tg u g 5s 1937
C on G Co o f Oh 1st gu g 5 h. ’ 30
Kq G <fc F Ch 1 st g u g 0 s. 1905
M u F u e l G as 1 st gu g 5s. 1947
T r e n to n G & El Jst g 5 s . . J 949
U tica E Left p I s t s f g 5 s . 1950
W e ste rn G a s C o co l tr g 5s I 933
^ D u e May
/< G u o J ’ Jy
J
J
F
M
J
F
M
M
J
A
M
J
J
J
M
M
J
M
D
D
A
S
J
A
H
..........113*
97°4 Sale
108*4 Hale
120 .........
1 0 6 % Sale
N
D 1 0 1 % ..........
0 121 .........
S
J * 1 0 9 * 4 .........
D
J 1 0 2 % .........
N ......... 106
S .....................
N
k Due Aug
20 108*4 116
113
113
97%
97% 1 08 9 4 3q 98*4
1 105 109%
108*4 108%
121% A p r ’ 01.
121%
121
105
1 0 6 % 20 102 104%
107 J ’ ly ’ 00
102*8 J ’ iFe’ 01
14
121
121
106 D e c ’ 98
3
109%
109%
108 D e c ’ 01
102% J an ’ 02
105 Jan ’ 02
109 F e b ’ 01 . . . .
102*8 104
120 126
108
104%
102
102
109
111 *11
.110
10534
106
109
107 % 107%
..................... 107% Jan ’01
0 D ne Oct Q Due Geo tfOptiOl
Bond Record—Continued—Page 3
V.
W ii
f* n cs
L 'r id a y
Jan. 24
J L 'h . E 1 C U A ; S U E
t.S U L\b JAM. H
iv —( Conti nut
* o l d 6 b ........ I t
v g o ld 6 o ... It
g o ld 6ft........ I t
........................ I t
M
N
J -J
J ’ ly
J ’ ly
100
M a r ’O l
i
-
J -J
J -J
J -J
8 2 % H a le
3 2 % S a le
23
S a le
J -J
A -0
J -J
J -J
J -J
f 96% i o ‘i ’
110*2 112
j l l l 115
,111*2117
110 115*2
100
TOO
146
119
125
119
..........
..........
........ .
..........
120%122
1 0 4 % S a le
943
33
23*2 392
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119*4 J a n ’02
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121
121
1 2 0 *2 J a n ’ 0 2
1 0 3 34
1 0 4 7e
103
98
95
83% 232
82*2
32
22
90%
100*-2
9 9 34
34
105
99
S a le
J -D
8 3 *2 S a l e
F -A
M -N
.......... 1 0 5
101*2105
M -N
M S
.......... 9 1
J - D r .......... 1 0 7
F -A
.......... 1 0 7
J -D
A -O
114
115
M -N
M -N
123*2124
107*8 Sale
M -S
M -S
F A
107*4
F A
..........
F -A * 9 4
106
J -J *102
F -A
1 0 7 *8 S a le
113
..........
J -J
118
S a le
A -0
A -0
116
118
J -J
98
S a le
J -J
M -S
98
J -J
J -J
J -D
J -D
Q -J
M -S
F -A
J -J
Q -F
124*2 120*4
73*2 73%
100
123 1 0 2
106%
106
106
100
107
1 05 *4 M a y ’O l
...................
1 0 5 ‘4 1 0 5 * 4
113
7 114 1 1 7 * 2
113
114*2 113
33
J -D
J -D
A -0
J -D
M -N
M -S
H ig h
D e c ’0 0
D e c 'O l J
A u gO l
N o v ’9 9
J a u ’02
M a r ’O l
A u g ’o 1
N o v 'O l
D e c ’U l
100
100
J -D
;
115
1 2 4 Hi
73 %
113
99
110%
111
114%
115
100%
O
O
-J
D
ok
112
2% .
A
A
J
J
L
12U Nov’O l ----1!LIUHa120
121
M S
P A
1»01
No
121
B d g •ltttttfgbft.l *31
.It
k y U a t gold 4
ft 1945
iX. M dfc ML 1 f t t g 4
bd
.1 9 3 7
N F l a & i lbt
P<
> dfc A t l 1 « L g U g Oft . 1 9 2 1
N A l a c o !1 g l l g 5 f t . . 1 9 3 6
i k f u n d g i k l 6 f t ......... . 1 9 1 9
445
L «fe J c* iui B id l gg be C o g u g 4 f t .
I N
A A i l i
Y ob C ItfeL
a h o n C o a l S s s b 8 <fe M 8
a iilu lit iU H y co iifto l4 ft. 1 9 9 0
> r e d ................... 1 9 9 0
M e t r o in E l l b l g 6 f t ___ 1 9 0 8
M a n -S V V O o l o i i i z g 6 f t _ _ . 1 9 3 4
M c K ’p td fc B V
See N Y C e n t
M e t r o p o l i t a n E l See M a n H y
M e x C e n t c o u n o l g o l d 4 ft..1 9 1 1
1 s t C o n a o l in c o m e g 3 ft.< il9 3 9
2 d c o n a o l i n c o m e g 3 a ..a 1 9 3 9
E q u i p .«fe C o l l g o l d 5 a ........ 1 9 1 7
‘5.1
_ l f t e r i e f t g o l d 6 f t ............ 1 9 1 9
M e n I u t e r n a t 1 s t c o n g 4 ft.1 9 7 7
M e x N a t l a t 6ft c t f a d e p . . 1 9 2 7
C t f t t o f d e p 2 d I n c 6ft A . h 1 9 1 7
C t f a oi! d e p 2 d i n c 6ft B . / 1 1 9 1 7
M e x N o r t l i lf t t g o l d 0 8 ___ 1 9 1 0
M i c h C e n t S ee N Y C e n t
M i d oi N J
See E r i e
M il L B d b W
S ee C h i c tfe N W
M i l i& M a d S e e C h i c <fc N W
M U <fe N o r t h S e e C h M tfe S t P
M i n n «fc S t L l f t t g o l d 7 f t . . 1 9 2 7
I o w a E x l f t t g o l u 7 s ........ 1 9 0 9
P a c i f i c E x l e t g o l d 6 a .. .1 9 2 1
S o u t h W e s t E x l s t g 7 ft.1 9 1 0
1 s t c o n a o l g o l d 5 s .............. 1 9 3 4
1 st a n d re fu n d g o ld 4 a. .1 9 4 9
M i n n tfe S t L g u S e e B C R tfe N
M tfe P 1 s t 5 a f t t p d 4 s i n t g u 1 9 3 6
M 8 8 M tfe A 1 s t g 4 i n t g u 1 9 2 6
M S t P & H S M c o n g 4 in t g u '3 8
M in n U n
Se-e S t P M t f e M
M o K a n tfe T e x 1 s t g 4 s . . . 1 9 9 0
2 d g o l d 4 a ............................ # 1 9 9 0
1 s t e x t g o l d 5 s .....................1 9 4 4
D a l tfe W a 1 s t g u g 5 s . . . 1 9 4 0
K a n C & P a c 1st g 4a. ..1 9 9 0
M K tfeT ofT 1st g u g 5 s . 1942
S h e r S lid e S o 1 st g u g 5 8 .1 9 4 3
T eb otfc N e o s h o 1 st 7 s ... 1903
M o K tfe E 1 s t g u g 5 s ........ 1 9 4 2
M i s s o u r i P a c i f i c 3 d 7 s ........ 1 9 0 6
1 s t c o n s o l g o l d 6 s ...............1 9 2 0
T ru s t g old 5s sta m p e d .a l9 1 7
R e g i s t e r e d .................... a l 9 1 7
1 s t c o l l g o l d 5 s .................... 1 9 2 0
R e g i s t e r e d ........................ 1 9 2 0
C en t B r R y 1st g u g 4 s .1919
L e r o y & O V A L is t g 5s 1926
P ac R of M o 1st ex g 4s.1938
2 d e x te n d e d g o ld 5 s. ..1 9 3 8
8 t L I r M tfe S g e n c o n g 5 s l 9 3 1
G en con stam p gtd g 5s 1931
U n ifie d & ref g old 4 s ..1 92 9
R e g i s t e r e d .................... 1 9 2 9
V erd i V I & W 1st g 5s. 1926
M i s s R i v B r i d g e S e e C h i c <fe A l t
M o b & B irin p r io r lie n g 5 s 1 9 4 5
M o r t g a g e g o l d 4 s .............. 1 9 4 5
M o b J a c k <fe K C 1 s t g 5 s . 1 9 4 6
M o b & O h io n e w g o ld 6 s ..1 9 2 7
1 s t e x te n s io n g o ld 6 s ..7 il9 2 7
G e n e r a l g o l d 4 s .................. 1 9 3 8
M o n tg o m D iv 1 st g 5 s .. 1 94 7
S t L & C a i r o g u g 4 s ___ 1 9 3 1
C o l l a t e r a l g 4 s .............. e l 9 3 0
M o h a w k & M a i S ee N Y Q & H
M o n o n g a h e l a R i v S ee B & O
M o n t C e n t S e e S t P M <fe M
M o r g a n ’ s L a t fe T
S ee S P C o
M o r r i s & E s s e x S e e D e l L <fe W
a s h C h a t <fe S t L 1 s t 7 s . 1 9 1 3
1 s t c o n s o l g o l d 5 s .......... 1 9 2 8
J a s p e r B r a n c h 1 st g 6 s .. 1 9 2 3
M c M M W & A 1 1 s t 6 s ..1 9 1 7
T <fc P B r a n c h 1 s t 6 s _ _ _ 1 9 1 7
N a s h F l o r tfe S h e f S e e L <fe N
N e w H & D
S ee N Y N H & H
N J Ju n e R R
S ee N Y C e n t
N e w & C m B d g e S ee P e n n C o
N O tfe N E p r i o r l i e n g 6 s # 1 9 1 5
N Y B k l n <fe M a i l B e l l S e e L I
N Y C e n t tfe H R 1 s t 7 s . . . 1 9 0 3
R e g i s t e r e d ........................ 1 9 0 3
G o l d m o r t g a g e 3 % s .......... 1 9 9 7
R e g i s t e r e d ........................ 1 9 9 7
D e b e n tu r e 5 s o f ...1 8 8 4 -1 9 0 4
R e g i s t e r e d ............ 1 8 8 4 - 1 9 0 4
R e g is t d e b 5 s o f . . .1 8 8 9 -1 9 0 4
D e b e n t u r e g 4 s ___ 1 8 9 0 - 1 9 0 5
R e g i s t e r e d ............ 1 8 9 0 - 1 9 0 5
D e b t c e r t s e x t g 4 s .......... 1 9 0 5
R e g i s t e r e d ........................ 1 9 0 5
L a k e S h ore c o llg 3 % s ...l9 9 8
R e g i s t e r e d ........................ 1 9 9 8
M ich C e n t coll g 3 % s ...,1 9 9 8
R e g i s t e r e d ........................ 1 9 9 8
B e e ch C reek 1st g u g 4 s .1936
R e g i s t e r e d ........................ 1 9 3 6
2 d g u g o l d 5 s .................. 1 9 3 6
C art & A d 1 st g u g 4 s ... 1981
C le a rfie ld B itu m C o a l C o rp —
1 st s f in t g u g 4 s s e r A 1 9 4 0
G ou v & O sw e 1st gu g 5s 1942
H ig h
Is
147*2147*2
119 122*2
123*2 123*2
10 122*2 122*2
116*2 12134
29
97 105
98
98
103*2
98
136
98
99
39
83
83%
105
105*4 41
98
S e p ’0 1
*49
91
92
1
107
107
105*2 J a n ’0 2
96*4
75
97
98
87*2
96
9 9 34
1 0 0 7e
87
106
100
9 1 34
108
1 0 5 7e
111
112
11434 Jan ’ 02
1
123*2 123*2
107
107*4 122
107
114
119*2
100*2
111*2
117
1 2 5 88
109*2
108
6 103
108
94
94
100
M a y ’O l
107
107*4
1 1 5 *2 N o v ’ O l
117*2
118
115*2 D e c ’O l
92*2
93
110*4 J T y ’0 0
129% .
130
127
97
116*2
99
95*4
127
S a le
113*2115
90
38*4
27
82*4 91*8
100
101%
97
100*4
33*2 34*2
N o v ’O l
A p r ’01
3 09
T 16*4.
92
.
9 9 34 .
80*2
20
13
J a n ’0 2
127*4
D e c ’O l
J a n ’02
O c t ’01
N o v ’O l
126%
127
114
J a n ’02
113
D e c ’9 9
111
89*2
12
110
91
100
100
105
113
114
114*2
84*4
107
115*2
119
116*2
96*4
127*2
121
87*2
110
99
95*4
132
130
97
1 1 6 34
101*2
95*4
22 1 2 6 * 2 1 3 0
111
116
D e o ’9 9
B O N D S
N . Y . S T O C K E X C H A N G E
W e e k E n d i n g J an. 2 4
N Y C e n t «fc H l i — ( C o n t i n u e d )
M o l l <fc M a i l f t t g u g 4 f t . . 1 9 9 1
I n c o m e 5 s ......................... 1 9 9 2
N J J u n e R g u 1 s t 4 ft... 1 9 8 6
R e g i s t e r e d ........................ 1 9 8 6
N Y tfe P u 1 s t o o n g u g 4 f t 1 9 9 3
N o r tfe M o n t 1 s t g u g 5 f t . 1 9 1 6
W e s t S h o r e l a t 4ft g u . . . 2 3 6 1
R e g i s t e r e d ........................ 2 3 0 1
L a k e S h ore conaol 2d 7a. 1903
R e g i s t e r e d ........................ 1 9 0 3
G o l d 3*28. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 9 7
R e g i s t e r e d .................... 1 9 9 7
D e t M o n & T o l lftt 7 s . 1 9 0 6
K a A <fc G R l » t g u c 5 a . 1 9 3 8
M a h o n C ’l R R 1s t 5 s . .1 0 3 4
P i t t a M c K tfe Y l f t t g u 6 s . 1 9 3 2
2 d g u a r 0 « .......................... 1 9 3 4
M c K e e s tfe B V l s t g O a 1 9 1 8
M i c h C e n t 1 s t c o n a o l 7 ft. 1 9 0 2
1st con a ol 5a
.1 9 0 2
6a
5a
R e g i s t e r e d ........ ........ 1 9 3 1
4h
R e g i s t e r e d ........
.1 9 4 0
B a t C tfe S t u r 1 s t g u g 3 f t . 1 9 8 9
N Y tfe H a r l e m g 3 * 28 . . . 2 0 0 0
R e g i s t e r e d . . . . . . . . . . . . . . . . . . . . . . . 2000
N Y & N o r t h 1s t g 5 s . .. 1 9 2 7
R W tfe O c o n l a t e x t 5 s . / i l 9 2 2
O s w e tfe R 2 d g u g 5 f t . . . e l 9 l 5
R W & O T l l lw t g u g 5ft. 1 9 1 8
U t i c a tfe B l k R i v g u g 4 f t . 1 9 2 2
N Y C h i c tfe S t L 1 s t g 4 « . 1 9 3 7
R e g i s t e r e d ...........................1 9 3 7
N Y tfe G r e o n w L a k e S e e E r i c
N Y tfe H a r S e e N Y C <fe H u d
N Y L a c k <fc W
S e e D L tfe W
N Y L E tfe W
S ee E r i e
N Y tfe L o n g B r S e e C e n t o f N J
N Y <fe N E
S e e N Y N I I tfe 1 1
N Y N H t f e H a r 1 s t re g 4 .s . 1 9 0 3
C o n v e r t d el) c e r ts § 1 ,0 0 0
S m a l l c e r t s § 1 0 0 . . . . . . . . . . . . .........
H o u s a t o m c R co n g 5 s .. 1 93 7
N H tfe D e r b y c o n g 6 s . . 1 9 1 8
N Y tfe N E 1 s t 7 s ............ 1 9 0 5
1 s t 6s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 0 5
N Y tfe N o r t h
S ee N Y C & I I
N Y O tfe W r e f 1 s t g 4 s . . £ / 1 9 9 2
R e g i s § 5 , 0 0 0 o n l y .......... # 1 9 9 2
N Y tfe P u t S e e N Y C tfe H
N Y tfe R B
S ee L o n g I s l a n d
N Y S tfe W
S ee E r i e
N Y T e x tfe M
S ee S o P a c C o
N o r <fe S o u t h 1 s t g 5 s .......... 1 9 4 1
N o r f tfe W e s t g e n g 6 s ........ 1 9 3 1
I m p r o v e m ’ t tfe e x t g 6 s . . 1 9 3 4
N e w R i v e r 1 s t g 6 s ........ 1 9 3 2
N tfe W R y 1 s t c o n g 4 s . 1 9 9 6
R e g i s t e r e d ........................ 1 9 9 6
C C tfe T 1 s t g u g 5 s .......... 1 9 2 2
S c i o V tfe N E 1 s t g u g 4 s 1 9 8 9
N o r t h I l l i n o i s S e e C h i tfe N W
N o r t h O h i o S e e L E r i e tfe W
N orth ern P a c ific P r i o r l i e n r y tfe 1 g r g 4 8 . 1 9 9 7
R e g i s t e r e d ........................ 1 9 9 7
G e n e r a l l i e n g o l d 3 s ___ & 2 0 4 7
R e g i s t e r e d .................... & 2 0 4 7
C B tfe Q c o l l t r 4 s S e e G t N o r
S t P a u l - D u l D i v g 4 s ___ 1 9 9 6
R e g i s t e r e d ........................ 1 9 9 6
S t P tfe N P g e n g 68 _ _ _ 1 9 2 3
R e g is t e r e d c e r t ific ’s . . l 9 2 3
S t P a u l tfe D u l 1 s t 5 s _ _ _ 1 9 3 1
2 d 5 s .................................... 1 9 1 7
1 s t c o n s o l g o l d 4 s .......... 1 9 6 8
W a s h C e n t 1 s t g 4 s .......... 1 9 4 8
N o r P a c T er C o 1st g 6 s ..1933
N o r R y C a l S ee S o P a c
N o r W i s S e e S t P M tfe O
N o r <fe M o n t S e e N Y C e n t
I n d tfe W
S e e C C C <fe S t L
0 ,
G e n e r a l g o l d 5 s ...... . . . . . . . . . . . 1 9 3 7
O r e tfe C a l S e e S o P & e C d
O r e R y tfe N a v S e e U n P a c
O re S h ort L in e
U n P ac
O s w e g o tfe R o m e S e e N Y C
O C F tfe S t P
S e e C <fe N W
a c C o a s t C o 1 s t g 5 s ___ 1946
a c o f M i s s o u r i S ee M o P a c
P a n a m a 1st s f u n d g4*2S ..1917
S i n k f u n d s u b s i d y g 6 s .. 1910
P e n n C o g u 1 s t g 4 * 2 3 ......... 1 9 2 1
R e g i s t e r e d ............................ 1 9 2 1
G u a r 3 % s coll tru st re g .1 9 3 7
G u a r 3 * 2S c o l l t r s e r B . . . 1 9 4 1
C S t L tfe P 1 s t c o n g 5 s . 1 9 3 2
R e g i s t e r e d ........................ 1 9 3 2
C l tfe P g e n g u g 4 % s s e r A . ’ 4 2
S e r i e s B .............................. 1 9 4 2
P
A -0
J -J
103*4........ 1 0 3 * 8 J a n ’ 0 2
J -J
10 2 34 D e c ’ O l
J -J
3-08*2 Sale* 1 0 8 * 2 1 0 9
J -J
1 0 9 *2 M a y ’ O l
M -S
104
....
1 0 3 7s J a n ’ 0 2
M -S
1 0 3 *2 J a n ’ 0 2
1 0 3 * 2 ....
M -S *
1 0 5 * 12 0 9 *2 S e p ’ 9 7
J -D
100*4102 1 0 3 * 8 A p r ’ 0 1
J -D
100*4 J a n ’0 2
102
M -N
100 % 102 1007s 1007g
M -N
102
100*8 N o v ’O l
F -A
98
S a le
97*2
98
F -A
94
S a le
94
94*2
F -A *
97*4
98 97
F -A
96
J a n ’0 2
J -J
111*4 S e p ’01
J -J
106
J ’n e ’9 8
J -J
117*2.
J -D
104*2108
10234 107 7s
107*211034
109*2109*2
101 106*2
103 10634
.
H e
Kb
A uk L ow
.........
.........
.
2d i
H angs or
L a st S a ls
H angs
Y ear
J -J
J -D
91
93
102*4
9 9 78
10 1 0 0
100*8
77
75
30
95
94
9 3 7q
96
111
92*2 D e c ’O l
92*2
1 0 4 7s
102*4
1 0 3 3s
100*8
99
97*2
97*2
97
112*8
92*2
S e r i e s C ............................. 1 9 4 0
N < f e C B d g e g e n g u g 4 *2 S 1 9 4 5
P C C tfe S t L g u 4 * 2 3 A . . . 1 9 4 0
S e r i e s B g u a r ................. 1 9 4 2
S e n e s C g u a r ..................1 9 4 2
S e r i e s D 4 s g u a r ............ 1 9 4 5
S e r i e s E 3 * 2 g u a r g ___ 1 9 4 9
P i t t s F t W tfe C 1 s t 7 s . . . 1 9 1 2
2 d 7 s ..................................... 1 9 1 2
3 d 7 s ................................. h 1 9 1 2
P en n R R 1st real est g 4 s .l9 2 3
C o n s o l s t e r l i n g g 6 s ........ 1 9 0 5
T3
to .3
F r ic e
F r id a y
J a n . 24:
H id
M S
A u k JjOW
H ig h
No
1 0 5 % N o v 'O l . . ..
11 2
U 2H
J07 %
107*2
108 %
1J ( ) t i
11 7 ° b
112 %
H 2%
Low
H ig h
1 0 4 * 2 1 0 6 *a
33
111
116*2
8 1 10 *o i 1 6 %
J a n ’0 2 • ... 1 0 7 * 8 1 1 3
J a n ’ 0 2 . . . . 1 0 7 *8 1 1 1
J a n ’02
1 0 7 % 111%
M a c ’00
M a y ’Ol .... 117
117%
128
J ’ l i e ’O l . . . .
1 4 6 % A p r ’01 . . . .
1 01 7a
100%
118%
131
130
101%
N o v ’O l
D e c ’O l
A u g ’O l
J a n ’0 2
110 L e o ’01
1 0 6 % N o v ’OO
128
128
146% 146%
2 101*8 10 0 %
10 0 % 1 0 3 %
....
....
....
....
....
118% 119
127
131%
125
125
110 H O
1 1 5 7e M a y ’00
121*2 J a n ’ 0 2 . . . . 121
127%
114*2
127%
114%
12 2 %
7 125% 129
2
110*2 N o v ’ O l . . . . 116*4 i i o %
107
107
107%
D e c ’Ol
4
106
105
109%
107
’Ol
i
4%
’O l . . . .
’0 2 . . . .
100
102
196
196
134
206
203
136
L1 4
J a n ’0 0
1 0 5 * 4 .......... 1 0 6 7a J a n ’ 0 2 . . . .
108
11 0
100 D e c
204%
20
203
D e c
1
3
5
*
2
J
a
n
..........
J -D
A -O
135
9 8 10 1% 1 0 8
M -S
M -S
1 0 4 % S a le
M -N
M -N
F -A
A -0
A -O
A -O
J -J
M -N
1 1 2 % J ’l y ’ O i
2
134*4
134*2
131
O c t ’ 0 1 ....
1 3 1 % O c t ’01 . . . .
10 2 %
102*2 6 1
1 0 0 % J a n ’ 0 2 ....
1
0
7
*2
J
’
l
y ’ 0 1 ....
1 0 6 * 2 ..........
11
L 0 1%
102
Q
Q
Q
Q
105
-J
-J
-F
-F
H ang a
Y ea r
11)01
1 0 7 *•> J l y ’ o o
1 10 % D e c ’ O l
99% 110%
...... ...... 108
D e c ’O l .... 1 0 8
108
f-A
F A
..............
A O
A O
1 1 2 *4 s a l e
J J
.1 1 3
J -J
J D
1 0 7 * 4 ..........
J D
1 0 7 * 4 ..........
..........
J -I) 1 0 9
J 4>
F A
.......... 1 1 7 %
J -J
J -J
J -J
139
..........
130
..........
J - J
J J
..........
125
M -N
10 1 % ..........
M -N
1 00*8 . . . . . . . . . .
1 1 8 ^ ..........
M -S
..........
M S
131
O M
J -J
J - J * .......... 9 2
J -D
M -N
115%
M -N
A O
A -O
127
128
.....
F -A
M N
J -J
1 0 8 * 2 ..........
A O
1 0 7 * 2 ..........
A -O
M -N
M -N
J -J
J -J
W e e k 's
J ia n g e o r
L a s t S a le
1 H oads
liO M i s
l V OL. LX XIV.
1 S o ld
194
104
104%
1 0 1 *2 N o v ’ 9 8
114
..........
1 3 3 7e 1 3 4 * 2
133
..........
1 3 2 * 2 ..........
102*4 1 02 %
S a le
74% S a l e
J -D
100
J -D
F -A
Q- F
$ -A
12 1
A -O
110
J -D
100
Q -M
93
J -J *1 1 4 *
104%
105
1 0 4 % J a n ’0 2
74%
74%
72
J a n ’0 2
.......... 100*2
130**>
..........
..........
..........
95
2 ..........
100*2
1 3 0 *2 D e c
132
JT y
122*2 F e b
114
N ov
100
Jan
94% D e c
115
J a n
’01
’9 9
’O l
’O l
’02
’O l
’0 2
J -D
A -0
I l l
.......... 112*2 J ’ n e ’ 0 1
95
D e c ’0 0
105*4
J -D
112
.......... 112*2
112*2
A -O
M -N
J -J
J -J
M -S
103
.......... 1 0 3 %
101
.......... 1 1 2
1 1 0 * 2 .......... 111* 2
102
99
98*2
123
D e c ’O l
D e c ’ OO
I l l
112
J a n
N ov
Jan
12
110 % 1 1 2 %
132
136
129% 133%
131
134
99% 104
103
103
107% 107%
99
104
206 103
106
.... 1 03% 1 05%
210 6 9 % 7 3 %
....
69
72%
3
....
99% 102
128
i3 1 %
. . . . 12 2 % 12 2 %
.... 1 10 % 1 1 7
. . . . 100 1 0 6
.... 9 4 % 9 4 %
.... 115*8119
112
112 %
1 10S
113
102
105
1 112
115*4
’02 .. .. 1 1 0 % 1 1 4 %
’9 8
’0 2
1 121*4 126*8
3
A -O
A -O
J -J
A -O
M -N
F -A
J -J
J -J
J -J
A -O
A -0
M -N
M -N
F -A
J -J
J -J
A -0
M -N
J -J
110 .
115*2115*2115 .
il5
D e c ’O l
115*2 J a n ’02
1 1 6 * 2 F e b *01
10 6 34 N o v ’ O l
97
M a y ’O l
131
.......... 1 3 1
130
S a le 1 3 0
A p r ’01
S a le 1 3 0
. . . . . . . . . . 1 0 9 *2 N o v ’ O l
118
1 1 7 34
116*2
106%
tV7
99%
1 432*2136*2
2 4 3 2 *2-136%
. .| jl2 8 % 1 3 6 %
..1 1 0 9 * 2 1 0 9 * 2
M -N
F -A
1 0 5 % .......... 1 0 6 * 4 F e b ’ O l
105%
105%
105
106
.. 106*4106%
6 i 96% 108
A -0
J -D
J -D
1 0 6 % .......... 1 0 8
104
.......... 1 0 7
80
105
120*4
12 1
104
105
11 0
O c t ’0 0
102
N o v ’ OO
..........
..........
102
130
130
IS O
121
114
I113
116*2
106*4
M ISCELLANEOUS BONDS—Continued on Next Page
Coal and Iron
Telegraph and Telephone
A m T e l e p <fe T e l c o l l t r 4 s 1 9 2 9
C o m m C a b le C o 1st g 4 s ..2 3 9 7
R e g i s t e r e d ........................... 2 3 9 7
E r i e T tfe T c o l t r g s f 5 s . . 1 9 2 6
M e t T tfe T 1 s t s f g 5 s ........ 1 9 1 8
M u t U n T e l C o S ee W e s t n U n
N Y" & N J T e l g e n g 5 s . .1 9 2 0
N o W e s t n T e l e g S ee W e s t U n
W e s t U n io n col tr ca r 5s. 1938
F d a n d re a l est g 4 * 2 S .--1 9 5 0
M u t U n T e l s f u n d 6s . . . 1 9 1 1
N orth w estern T e l 7 s .... 1904
C
C
C
C
C oa l a n d Iron
ali C oa l M in
S ee T C
l e a r f B i t C o a l S ee N
o l C tfe I e x t 1 s t c o n g
o l C tfe I D e v C o g u g
J -J
Q- J
....
10 0 % 10 0 %
M -N
1 0 0 *2 M
100*2 O
109
O
114
N
M -N
113*4 O c t ’01
113*4117
J
M
M
J
1 1 2 7e J a n ’ 0 2
108
108
" 9
113*4 J a n ’02
111
115%
105% 109%
111 1 1 6
ti
-J
-N
- N *113
-J
I tfe R
Y C tfe H
6 s . 1 9 0 2 F - A * 102*2 1 0 3
5s. 1909 J -J
ay
ct
ct
o v
’O l
’0 0
’9 9
’O l
114
114
C o l F u e l C o g e n g o l d 6s . . . 1 9 1 9
C o l F tfe I C o g e n s f g 5 s . . 1 9 4 3
D e B a r d e l C tfe I S e e T C tfe 1
G r R i v C o a l tfe O 1 s t g 6 s . . 1 9 1 9
J e f f tfe C l e a r C tfe 1 1 s t g 5 s . 1 9 2 6
2 d g o l d 5 s ............................. 1 9 2 6
P le a s V a l C oal 1st g s f 5s. 1 9 2 8
R o c l i tfe P i t C tfe I p u r m 5 s . 1 9 4 6
S u n C k C o a l 1 s t g s i 6s . . . 1 9 1 2
T c n n C o a l T D i v 1 s t g 6s . a 1 9 1 7
B i r m D i v 1 s t c o n s o l 6s . . 1 9 1 7
C a l i C M C o 1 s t g u g 6s . 1 9 2 2
D e B a r C tfe 1 C o g u g 6 s . 1 9 1 0
W l i L K tfe P C C o 1 s t g o s . 1 9 1 9
J-J
M-N
J-D
A -0
J -J
108
109
J-D * 1 0 3
F -A
J -J
.......... 1 0 8
.......... 1 0 9
.......... 1 0 5
103%
32
108
M a y ‘9 7
M a y ‘9 7
O c t ’0 0
Jan
Jan
D eb
Jan
Jan
*02
’02
104
105
‘0 0
’02 . . 1 0 0
00
110
112
101 Si
manufacturing A Industrial
101
' N o p r ic e F r id a y ; la te st b id a n d a s k e d th is w e e k ,
Sep ’ 01 .... 1 0 1
N ov’ OO
a D u e Jan
104%
e D u e M ay
A m e r B ic y c le s t ile b e n o s 1 9 1 9 M -S *
A i n C o t O i l e x t 4 *2 S . . . . . . . . . . . . 1 9 1 5 Q - F
55
g D u e J ne
$ O p t io n sa le.
h D u o J ‘ly
D ue N ov
58
55
100
59
151 55
. 1
99
SI
102
Bond Record— Concluded— Page 4
BONDS
N . Y. STOCK E X C H A N G E
W e e k e n d in g J an . 24
In C st
P e r io d j j
J an uary 35, 1903.J
P c n n R l i —( C o n tin u ed )
C on cu r r e n c y Os r e g . . .0 1 9 0 5 Q-M
C on sol g o ld o s ................... 1910 M-S
C on sol g old 4 s ....................1949 M-N
A ll e g V al gen g u g i s — 194*2 M S
C l A M ar 1st gu g 1 %s. - J995 M-N
D R R R & IIgo 1st gu 48 g . ’ 9(> l<’-A
U r l i <& l e x 1 st gu g 4 'as 1941 .) J
S u n & L e w is 1st g 4 s. ..199(5 J - J
U N J l i l i <fc Can gen 4 s. 1944 M-S
P e n s a co la <fo A t l See 1- A N ash
P e o A E a st Ncc C O C A S t li
P e o & P e k U u 1 st g Os-----1921
2d g o ld 4 % s ....................... 51921 H
P e r e M a r q - IT A P M g Os. 1920 A O
1 st co n s o l g o ld 5 s ..........1999 M-N
P t H u ro n D iv 1 st g 58 .1 9 9 9 A-O
S o g T u s <& PL l s t g u g 4 8 .1 9 9 1 F-A
P in e C re e k r e g g u a r O s ...1 9 9 2 J -D
P itt s Cin & S t L S ee P e n n Co
P itt s C le v <fc T o l 1st g O s..1 9 2 2 A -O
P itt s P t W So O il See P e n n Co
P itts J u n c 1 st g old Os........ 1922 J -J
P itt s «fe L E rie 2 d g 5 S ...& 1 9 2 8 A - 0
P itts M c K e e s
Y See N Y Cen
P itt s Sh So L E 1 st g 5 s . ..1 9 4 0 A -O
1 st co n so l g o ld 5 s ..............1943 J - J
P itt s So W e s t 1 st g 4 s ........ 1917 J -J
J P M tfc C o c e r t f s ....................
P itt s Y So A s h 1 st co n 5 s . 1927 M-N
'■> ea d in g C o g e n g 4 s ........ 1997 J -J
X V R e g is te r e d ....................... 1997 J -J
R e n sse la e r So S ar See D So H
R ic h So D a n See S ou th R y
R ic h So M e e k See S ou th ern
R io U r W e s t 1 st g 4 s .......... 1939 J - J
C on sol an d co l tr u s t 4 s .1 9 4 9 A -0
U ta h C en t 1 st g u g 4 s .a l9 1 7 A - 0
R io U r J u n e 1 st gu g 5 s . . . 1939 J -D
R io g r S o 1 st g o ld 4 s .......... 1940 J - J
U u a ra n te e d ......................... 1940 J -J
R o c li So P itts See B l i So P
R o m e W a t So O g S e e N Y Cent
R u tla n d 1 st eon g 4 % s ___ 1941 J - J
R u t-C a n a d 1 st g u g 4 %s. 1949 J -J
a g T u s So PI See P e r e M a rq
a lt L a k e C 1 st g s f O s..1 9 1 3 J -J
S t J o & U r Is i 1 st g 3 - 4 s . . 1947 J -J
S t L a w So A ciiron 1 st g 5 s. 1996 J - J
2d g o ld 6 s .............................1996 A -O
S t L & C airo See M o b So Ohio
S t L So I r o n M o u n t See M P
S t L K C & N S ee W a b a sh
S t L M B r See T R R A o f S t L
S t L So S F ran 2 d g 6s Cl B 1906 M-N
2d g o ld 6s C lass C ........... 1906 M-N
G e n e ra l g o ld 6 s . . .............. 1931 J -J
U en era l g o ld 5 s ..................1931 J -J
S t L So S F R R g o ld 4 s .. 1996 J -J
S o u th w D iv 1 s t g 5 s .. 1947 A -O
R e fu n d in g g 4 s ............. 1951 J -J
R e g i s t e r e d .................. 1951 J -J
K C F t S So M c o n g 6 s . .1 9 2 8 M-N
K C P t S & M R y r e f g 4s 1 9 3 6 A -O
R e g is te r e d ....................... 1936 A -O
S t L o u is S o See Illin o is C en t
S t L S W 1 st g 4 s bd c tfs .1 9 8 9 M-N
2d g 4 s in c b on d c t f s . . .p l 9 8 9 J - J
G ra y ’ s P t T e r l s t g u g 5s 1947 J -D
S t P a u l So D u l See N o r P a c ific
S t P a u l M<fe M a n 2d 6 s . . . 1909 A -O
1 s t c o n s o l g o ld 6 s............. 1933 J -J
R e g is te r e d ....................... 1933 J -J
R e d u ce d to g o ld 4 % s ..l 9 3 3 J -J
R e g ist e r e d ............... ..1 9 3 3 J -J
D a k ota e x t g o ld 6 s ..........1910 M-N
M o n t e x t 1 st g o ld 4 s ___ 1937 J -D
R e g is te r e d ....................... 1937 J -D
E M in n 1 st d iv 1 st g 5 s .. 1908 A -0
R e g is te re d ....................... 1908 A -0
N o r D iv 1 st g o ld 4 s ___ 1948 A -0
R e g is t e r e d ...................1948 A -0
M in n U n io n 1 s t g 6 s ___ 1922 J -J
M o n t C I s t g u g O s ..........1937 J -J
R e g is te r e d ....................... 1937 J -J
1 st g u a r g o ld o s ............1937 J -J
R e g is te r e d ....................1937 J -J
W ill So S F 1 st g o ld 5 s .. 1938 J -D
R e g is te r e d ....................... 1938 J-D
S t P So N o r P a c S ee N or P a c
S t P <fe S ’x C ity See C S t P M SoO
S F e P r e s So P h 1 st g 5 s . . . 1942 M-S
S A & A P See S o P a c Co
S F So N P 1 st s in k I g 5 s .1919 J -J
S a v F So W 1 s t g o ld 6 s ___ 1934 A -0
1 st g old 5 s ...........................1934 A -0
S t J o h n ’ s D iv l s t g 4 s . . . 1934 J -J
A la M id 1 st g u g o ld o s . . 1928 M-N
B ru n s
W l s t g u g 4 s . . 1938 J -J
S ii Sp O ca So U g u g 4 s .. 1918 J -J
S cio to V al <fc N E See N o r So W
S ea b So R oa 1 st 5 s ................ 1926 J -J
Car C e n t 1 st co n g 4 s . . . 1949 J -J
S h er S h r So- S o S ee M K So T
S il S p O ca So U See S a v F <fe W
Bod B ay So So 1 s t g 5 s ........1924 J -J
S o Car So Ua See S ou th ern
S ou th ern P a c ific Co—
2-5 y e a r co ll tr g 4 % s ____1905 J -D
G old 4 s (C en t P a c c o l l ) . /c l 949 J -D
R e g is t e r e d ...................k l 949 J -D
A So N W 1 st g u g 5 s ___ 1941 J - J
C en t P a c 1st r e f gu g 4 s 1949 If-A
R e g ister e d ....................... 1949 F -A
M o rt g u a r g o ld 3 % s. - /c l 929 J -D
R e g is t e r e d ............... h i 929 J -D
U ai l i a r 4k S A 1 st g 6 s .. 1910 F-A
2 d g old 7 s ......................... 1905 J -D
M e x So P a c 1 st g 5 s ___ 1931 M-N
P r ic e
P rld a y,
J a n . Sii
Hid
W eek's
P a n ye or
L ast P ale
Jish Low
rc
<5 a
Cq
I l l y h No
P a n ye
Y ea r
w ot
Low
I liy h
112
112%
102 N o v ’ 97
112% Mai*’ 00
107
11 L ......... L12
105 ..........
1 1 8 % ......... 1L7
13 3 %
L01
127
n ’l i " i i ‘4% 114
*115 .......... 117
12 8 % 1 3 0
137
J a n ’ 01
M ay’ 00
J a n ’ 01 . . . .
O ct ’ 00
F e b ’ Ol
114
6
J a n ’ 02
133% 13 3 %
126
IPS
109
127
114%
115%
120
120
N o v ’ 97
107% O ct ’98
......... 120
......
121
114
O ct ’ 01
......... 118% S ep ’ 01
113% 11 8 %
9 8 J ’l y ’ 97
9 8 % ......... lo o J a n ’ 02
99 101%
10 1 % D e c ’ 01
98 1 0 1 D
121 121%
1 1 8 % ......... 121 % M a r ’ 01
98
98 % 313 9 2 % 100%
9 8 % Sale
92 A p r ’ 01
92
92
117
100%
10 0 % 101
93
9 3 % 95
” 95
9 7 % 97
107
.......... 105
80 .......... 8 4
92
101
94
J a n ’ 02
F e b ’ Ol
N o v ’ Ol
J a n ’ 02
54
25
10 1 % N o v ’ Ol
9 8% 103%
93% 96%
90
90
105 105
8 0 % 35
9 2 % 94%
10 1 % 101%
S
95
Ill
..........
95
111% 111%
110
1 3 1 % ......... 1 3 2
117 118 117
9 6 % .......... 1 0 0
1 0 0 .......... 100
97
9 8 Sale
110
91*
Sale
9 8 % Sale
7 9 S ale
98%
78%
126
*138
.......... 1 2 8
.......... 1 4 0
115
* 1 2 1 % .......... 1 2 4
109
8 9%
J a n ’ 02
D e c ’ 01
13
133
5
118
J a n ’ 02
J a n ’ 02
2*62
98
110
110
125
112%
91 %
100%
97%
98
11 4 %
11 4 %
13 6 %
119
102
100%
98^2
1 2 3 % D e c ’ 01
123% 1 2 3 %
91
91% i*46 8 7
90%
1 16 ......... 1 1 6 %
1 3 8 % ........ . 1 3 8
13 7 %
i l 4 % Sale 1 1 4 %
116%
i i e % i i 7 % 11 6 %
1 0 6 % S ale 106%
106
i"06 ....... . 106%
*1 2 4 %
1
95
99% 5 34
7 9 % 706
J a n ’ 02
138%
F e b ’ 99
11 4 %
A p r ’ 01
116%
106%
M a y ’ 01
J a n ’ 02
95% 101%
71
82%
11 5 % 11 8 %
142
6 139
12 113 11 6 %
1 1 6 % 116%
3 1 1 6 12 0 %
3 102% 107%
106 106
106
no
132
140
121
124
A u g ’ 01
104
111
D e c ’ 01
D e c ’ 01
D e c ’ 99
N o v ’ Ol
D e c ’ 01
A u g ’ 01
y i%
110% 113%
128 128
A p r ’ 00
O c t ’ 01
A p r ’ 97
D e c ’ 01
1 2 4 % J a n ’ 02
.......... 1 1 1
113%
1 2 8 % .......... 1 2 8
1 1 3 % ......... 123
95%
111
87
91
9 1 Sale
112
94
95%
1 0 6 % 111
87
87
30 91 % 91%
10 4 % F e b ’ 98
103
.......... 100
9 9 % S ale
9 3 % 93%
1 0 3 % 104
87%
88
D e o ’01 . . . . 1 0 0
99%
99 %
93%
93%
89 O c t ’ 01
111 J ’n e ’ Ol
10 3 % 10 3 %
9 9 % J ’ n e ’ OO
87%
87 %
100
9 5 % 101%
83
9 5%
89
89
96 111
90 1 0 0 103%
44
108
91
n i % ......... 111 O c t ’ 01
1 0 6 107% 1 0 6 D e c ’ 01 —
1 0 7 % ......... 10 7 % O c t ’ 01
83 %
89%
1 0 8 % 113%
1 0 6 107%
1 0 0 107%
195
BONDS
N . Y. S T Q O 1C MX O il A N O E
W EEK
E n d in g
J
an
P rice
J'rid a y
Jan. 7 /
. 24
Week'*
P a n tfe or
Pant Pa te
Pam yr
Y ear
JUOJ
A nk\ Lott)
Md
n ty b ;
\\Lov) Jl / L
S ou th ern PAC Co (C o n tin u e d )
110
100
D ec PJ
J0>
( i 1la V <I So N 1s t gu g 5 s . I 924 M N 107
100% N o v p J
11 oils E Aj W 'I' 1st g 5 m. 1933 M-N 1.04
100 10(,
I 02
J Ht gu g 5 h r e d e e m a b le .. 1933 M -N
t 10% 1 10% Jan ’ O P ... jh V o' i 13
Jl So T C 1Ht g 5 h in I g u .. 1937 J J 1 IP
J 12 D c c ’ OJ
II 10 J 12
C on sol ft Om l o t g u a r. ..1 9 1 2 A O 111 % .
95
95
94
....
96
C en gold 4 m Int g u a r ..1921 A -0
125
127
127
Jan
'02
I J 20
W a co & N W <li v 1s t g Oh ’ 30 M -N
Jan
’
02
130
137
1
37
|il
3
0
M o r g a n ’ s L a So T 1st v s . 1918 A O
123 J a n ’02
■ 123
1 s t g old Os...................... J920 J -J * 1 2 3 . . . .
ISI Y T So M e x gu l s t g 4 s . 191 2 A -0
100
u2 .
N o o f Cal 1 st g u g Os-----I 907 J J
! i3
117 ......... 1*13 * Jan ’ 0 1
G u a ra n teed gold 5 s ___ 1938 A O
102
......... 105% N o v ’ Ol
J 0 5 % J 07
O re So Cal 1 st g u a r g 5 m. 1927 J -J
88
88 % 182 7 7 % 9 J
88 % S ale
S A tfe A P a ss 1 st gu g 4 h. I 94 3 J J
1 1L% 1 i 3
J 1 0 % I 14
113 Ih .e OJ
So P o f A r g u 1 s t g Os cT 9 0 9 -10 J -J
107% ’ 12 1 0 7
1 JI
S P Of C al 1 st 3 Om....... 1905 A-O :io 7 % B a le J0 7%
D
c
e
’
O
J
108%
h
i
108
1 0 6 % J08
1st g Os s e r ie s B ........1905 A O
1.08
109
1 st g Os se rie s C Sc D . 1900 A -O 1 1 0 * 8 ........ 110% J a n ’ 02
1 st g Os werios E So F .1 9 1 2 A -0
119 120
1 st g o ld Os................... 1912 A -0 1 1 9 % ........ 120 F e b ’ Ol
l s t o o n g u a r g 5 s ___ 1937 M-N 110 ........ 107 N o v ’ OO
109% 20 i 0 6 % i l l "
S ta m p e d ........1 9 05-1937 M-N 109 % Sale 1 0 9 %
114% O ct ’ 01
110 114%
S P a c o f N M e x 1 st g 6 s . . 1911 J-.J
S P C oa st 1 st g u g 4 s ___ 1937 J -J
ilO
A p r ’ 01
iio " iip %
T e x tfe N O 1 st 7 s .............. 1905 F -A
S a b in e D iv l s t g 6 s — 1912 M-S 112 % ...... 106% N o v ’ 97
106% ........ 108% J ’l y ’ 01
103% 111%
C on g o ld 5 s ..................... 1943 J - J
109 111% 124%
S o u th e rn —1 st c o n g 5 s -----1994 J - J 119*8 Sale 1 1 9 % 120
122 J a n ’ 02
116 120%
R e g is t e r e d ....................... 1994 J -J
97 %
98
977; 98
95
M o b So O h io c o ll tr g 4 s .. 1938 M-S
R e g is te r e d ....................... 1938 M-S
109 112
M em D iv 1 st g 4 % - 5 s ...l$ 0 6 J -J 1 1 2 hi . . . . 112 S e p ’ 01
100% Sale
9 9 % 100% 30 96 101
S t L o u is d iv 1 st g 4 s ___ 1951 J -J
1 1 7 % ........ 120 M a r’ 01
120 120
A la C en R 1 st g 6 s ......... 1918 J -J
93
97
9 3 % 95% 95% J a n ’ 02
A t l So D a n v 1 st g 4 s ........1948 J -J
A t l So Y a d 1 st g g u a r 4 s . 1949 A -0
119 % 1 2 1
121 J ’ n e ’ Ol
C ol So G r e e n v 1 st 6 s ........1916 J -J 119%
1 1 7 % 120%
117 1 1 7 % 117 Jan ’ 02
E T V a & G a D iv g 5 s .. 1930 J -J
120 % 120 %
117 121
C on 1 st g o ld 5 s ..............1956 M-N 1 2 0 %
111% 116%
1 14 N o v ’ Ol
E T e n r e o r lie n g 5 s ........1938 M -S 115
R e g is te r e d ....................... 1938 M -S 115 118
1 2 4 % 128%
1 2 8 % D e c ’ 01
G a P a c R y 1 st g 6 s ..........1922 J -J 124%
125% Jan ’ 02
1 2 4 % 129
K n o x So O h io 1 st g 6 s . . . 1925 J -J 125
121 124%
R ic h So D a n co n g 6 s ___ 1915 J -J 120% Sale 120% 120%
101% J ’ l y ’ OO
E q u ip s in k f u n d g 5 s .. 1909 M -S
111 D e c ’ 01
109 111%
D e b 6 s sta m p e d .............. 1927 A -0 112
83 D e c ’ 00
R ic h So M e e k 1 s t g 4 s . . . 1948 M-N
1 06 110
S o C ar So G a 1 st g 5 s ___ 1919 M -N 1 1 0 m % 109% J a n ’ 02
102 O ct ’ 99
V ir g in ia M id se r D 4-5S .1921 M -S
1 14 S e p ’ 01
114 114
S e rie s E 5 s ....................... 1926 M -S 1 1 5 %
113 117
115 J a n ’ 02
G e n e ra l 5 s .....................1 9 3 6 M-N 116%
115 1 1 6 %
1 1 6 % D e c ’ 01
G u a r sta m p e d ........... 1936 M-N
92
9 1 % Sep ’ 00
W O & W 1 st c y g u 4 s . .1 9 2 4 F -A
117%
116 120 8
1 2 0 % D e c ’ 01
W e s t N C 1 st c o n g 6 s . . 1914 J -J
S & N A l a See L & N
117 J ’l y ’ OO
S p o k F a lls < f e N o r l s t g 6 s . 1939 J - J
S ta t I s i R y 1 st g u g 4 % s_.1 9 4 3 J -D
S u n b So L e w See P e n n R R
S y ra B in g So N Y See D L So W
e b o So 1ST S e e M K & T
113% 116
1 1 4 % N o v ’ 01
er A o f S t L 1 st g 4 % s ..l 9 3 9 A -O
116% 15 115 1 1 6 %
1 st c o n g o ld 5 s .....1 8 9 4 -1 9 4 4 F -A 1 1 6 % Sale 1 1 6 %
113 115
S t L M B g e T e r g u g 5 s. 1930 A -O 113 ........ 113% J a n ’ 02
T e x & N O See S o P a c Co
104 F e b ’ Ol
1 04 104
T e x So P a c E D iv 1 st g 6 s . .1 9 0 5 M-S
105 1 1 5 % 120%
1 st g o ld 5 s . . ....................... 2000 J-D 120 Sale 1 1 9 % 121
34 90 100
9 9 % 100
2d g o ld in c 5 s ................... #2000 M a r 1 0 0 S ale
110% 111
111 .J’ n e ’ Ol
L a D iv B L 1 st g 5js........1931 J - J
113 1 1 7 %
1 1 4 % J a n ’ 02
T o l So O C 1 st g 5 s ................1935 J -J i i a "
112% 1 1 5 %
W e s te r n D iv 1 st g 5 s . . .1 9 3 5 A -O T 1 3 . . . . . . 1 1 2 % N o v ’ Ol
1 03 1 0 8 %
G e n e ra l g o ld 5 s ..................1935 J -D 107 .......... 107 N o v ’ Ol
95
99%
K a n So M 1 st g u g 4 s ___ 1990 A -0 .......... 98% 9 8 % J a n ’ 02
13 86
92
92
92 Sale
95
T o l P So W 1 st g o ld 4 s . . ..1 9 1 7 J -J
93
9 0 % Sale
90%
90% 80 88
T o l S t L So W p r lie n g 3 % s. 192 5 J -J
85 %
35 73
82%
83
83 Sale
5 0 -y ea r g o ld 4 s ..................1950 A -0
98 1 00
9 7 % J a n ’ 02
99 101
T o r H a m & B u ff l s t g 4 s. 7^1946 J -D
106% 109%
lste r So D e l 1 st c o n g 5s 1928 J -D 111 ............ 111 J a n ’ 02
1 0 4 78 Sale 1 0 4 % 105% 256 103% 1 0 7 %
n P a c R R So 1 g r g 4 s . .1 9 4 7 J -J
5 1 0 3 % 106%
105
105
R e g is te r e d ..............
1947 J -J
1 st lie n c o n v e r t 4 s ..........1911 M-N 105% S ale 1 0 5 % 106% 1775 103 129
R e g is t e r e d ....................... 1911 M-N
110 112 %
109 J a n ’ 02
O r e R y So N a v l s t s f g 6 s 1909 J -J
103% 33 1 0 1 % 105%
O re R y So N a v co n g 4 s . 1946 J -D 103% Sale 1 03
1 29
1 2 9 % 14 125 1 3 0
O re S h o rt L in e l s t g 6 s . . 1922 F -A 1 2 8 % 129
8 115 121
1 1 7 % Sale 1 1 7 % 118
1 s t c o n s o l g 5 s ................1946 J -J
1 0 3 % 106j
104 ........ 1 0 3 % O c t ’ 01
N o n -c u m in c A 5 s ___ 7il946 Sep
117 119'
1 1 7 % J ’ n e ’ Ol
U ta h & N o r 1 st 7 s ..........1908 J -J
113 113
113 M a r’ 01
G o ld 5 s ............................. 1926 J - J
U n i N J R R & C C o See P a R R
U ta h C en tra l See R io G r W e s
U ta h So N o r t h See U n P a cific
U t ic a So B la c k R See N Y C ent
\J er V a l Tnd So W See M o P
▼ ir g in ia M id See S o u th R y
118% 67 117 120%
a b a sh 1 st g o ld 5 s ........1939 M-N 1 1 8 % Sale 1 1 8 %
2d g o ld 5 s ................... 1939 F-A 1 1 4 % Sale 114% 114% . 9 107 % 115
96% 1 0 2 %
99
1 00 D e c ’ 01
D e b e n tu r e se rie s A ........1939 J -J
67%
6 8 78 643 40
70
6 8 % Sale*
S e rie s B .............................1939 J -J
1 0 9 % ......... 111 O ct ’ 01
D e t <fc Gh E x t l s t g 5 s .. 1941 J -J
110 111
95 ........ . 95 J a n ’ 02
95
98%
D e s M o in D iv 1 s t g 4 s . . 1939 J -J
........ 1 1 0 % D e c ’ 01
110 112
St Chas B r id g e 1 st g 6 s. 1908 A -O I l l
W a r r e n See D e l L a c So W e s t
W a s h C e n t See N o r P a c
W a s h O So W See S ou th ern
W e s t N Y & P a l s t g 5 s ..1 9 3 7 J -J
119% 120% 120
120%
119 122
G e n g o ld 3 -4 s ..................... 1943 A -0
95 1 0 0 %
1 00 D e c ’ 01
9 9 % 100
35
I n c o m e 5 s ......................... # 1943 N ov
...........
31
40
40 M a r ’ 01
W e s t N o C ar See S ou th P y
W e s t S h ore See N Y C en t
W V a C e n t So P l s t g 6 s ..1 9 1 1 J - J
111 ........ . 1 1 2 % 114%
113% 113%
W h e e l’ g So L E 1 st g 5 s . . . 1920 A -O 114 ........ . 112 O c t ’ 01
112 1 1 7 %
W h e e l D iv 1 st g o ld 5 s . .1 9 2 8 J -J
112 ...... . 112 % 112 %
2 111% 116%
E x t e n So Im p g o ld 5 s . . . 1930 F -A 113 ......... 113 D e c ’ Ol
112 113 322 89
1 st c o n s o l 4 s ....................... 1949 M-S
92% Sale
94
92%
93
W ilk e s So E a st See E r ie
W il So S io u x F See S t P M So M
W in o n a So S t P ^ e C & N W
W is C e n t 50-yr 1 st g e n 4 s . 1949 J -J
133 8 5 % 92%
88% S ale
88%
89
j 801
120
I 37
126
T
U
W
6
MISCELLANEOUS BONDS—Concluded.
A m Spirit#*
1/it. Paper Co le t con
Ice
K n \<kerbooker
N a t S t a r c h C<
K c* n R o p e A
,• N o
• tr ia l
.1 9 1 9
.1 9 1 5
.1 9 1 9
.1 9 4 2
.1 9 5 1
a te ra l
. J 91 1
. 1923
.191 0
/J 913
.1 9 1 8
lea go)
Miscellaneous
M -S
M -S
J -J
J -J
F -A
9 3 Sale
.......... 81
J -J
A -0
J -J
A -0
F-A
80% 249
86
99% A p r ’ 01
99 Jan ’99
1 0 0 % ......... 100% J ’ n e’ O l
ii
11 1 % Sale 111% 112
07% Sale
8 6 ..........
.......... 9 0
A -0
.
M-N 103
.1 9 2 5 J -J * .........
.1 9 4 6 F-A
61
. J946
7%
1913 M-N 1 12 '4
price Friday; latest bid and asked,
98
97%
81 J a n ’ 02
54
105 J a n ’ 00
67%
69% 5510
A d a m s E x c o l tr g 4 s ..........1948
A m D k So I m p 5s See C e n t N J
B k ln F e r r y Co 1st c o n g 5s 1948
B k ln W So W II 1 st 5s tr c t f s ..
6 2% 67% C h ic Jctfc S t Y a rd co l g 5 s .1915
H a c k W a t R e o r 1 st g 5 s .. 1926
82
88
H o b o k e n L So I g old 5 s . ..1 9 1 0
M ad Sq G a rd en 1 st g 5 s .. 1919
90 100
M an B c h H So L gen g 4 s .. 1940
100 1 0 0 % N e w p N e S h ip So D D 5s # 1 9 9 0
112
N Y D o c k 5 0 -y r 1 st g 4 s .. 1951
105
N Y < fe O u t Land l s t g 6 s .. 1910
R R B ecu r C o 5 0 -y r g 3 % s. 1951
105 110
S t J o se p h S tk Y d s 1 st 4 %s .1 9 3 0
96
Bt li T e r C u p p les B tat’ n So P ro p
91
72 %
47
Co 1 s t g 4 % s 5-20 y e a r .. 1917
5 t 12
B Y u b a W a t C o c o n g 6 s . . 1923
1121 115% Bp V al W a t W o rk s 1 st 6 s . 1906
90
75
98
85
93 A ug’ OO
98
I
......... 108% 108%
39 %
9
89% 89
Bale
00
61
42
9
81
8
7%
1 12% D e c ’ 01
a Due Jan b Due Feb # Duo A pr p D u e J ’ne
A-Due J ’ly
/c Due A o g
M-S
1 0 6 % S ale
F -A
83%
83%
76 J a n ’ 02
- ................... 111 M a r’ Ol
J -J
J -J
M-N
M-N
M-N
J -J
F -A
F-A
J -J
J -J
J -D
J -J
M -S
n. Due
9 4 % Sale
101
105%
106%
16 103
17
94%
95
26
90 O ct ’ 99
91%, D e c ’ Ol . . . .
83
08
111
109
91%
78
111
93%
94%
91%
i)i%
...
101 F e b ’ 97
113% J ’ l y ’ 00
Sep p Due Nov </Due Deo
itOption sale
IH K
19(5
C H R O N IC L E
[VOL. L X X I V
—"—
Volume ol Business at Stock Exchanges
1 H A
I O N S A T T H E N E W Y O R K STO P !K K X O i l A
D A I L Y , W E E K L Y A7N D V E A R L iY
ock s
an ^1
1
P a r v a lu e
| Shared
3 1 2 ,1 4 5 # 9 7 ,8 2 9 ,5 0 0
4 9 ,1 3 0 ,4 0 0
5 4 6 ,4 7 9
4 1 7 ,9 4 5
3 9 ,4 8 0 ,5 0 0
3 0 7 ,6 7 3 I 2 9 ,3 3 3 ,3 0 0
3 7 ,3 9 1 ,9 0 0
3 9 3 ,6 3 6
4 2 ,3 0 6 ,3 0 0
4 6 0 ,3 7 9 '
tia
M<
Tu
W
s ta te
B onds
h a il road
B onds
W eek en d ii 1g J a n 24
S ales at
A ew Y o rk S tock
E xch a n g e
1901
1902
$ 3 ,0 0 0
500
$ 2 ,9 1 8 ,5 0 0
4 ,9 2 7 ,5 0 0 !
3 ,8 8 2 ,0 0 0
4 ,7 5 6 ,5 0 0
6 ,5 9 8 ,0 0 0
8 ,5 8 3 ,0 0 0
1 2 ,4 8 8 ,2 5 7 , |$ 2 2 5 ,4 7 7 .9 0 0 i $ 2 5 ,0 6 5 ,5 0 0
V S
B on d s
4 ,000
.................
.................
$ 11,000 1
1
$ 11,000
600
1
J a n u a r y 1 to J a n 2 4
1901
1902
2 5 ,7 9 1 ,8 7 0
1 1 ,9 4 7 ,8 4 9
5 ,1 7 4 ,8 8 5
51,428,267
S lo c k s —N 0. sh ares
P ar v a lu e .......... # 2 2 5 ,4 7 7 ,9 0 0 $ 5 0 4 ,4 3 3 ,2 0 0 $ 1 ,1 1 2 ,7 1 5 ,2 0 0 $ 2 ,4 6 7 ,8 7 9 ,0 5 0
$ 6 0 ,8 5 0
$ 1 3 ,4 0 0
$ 8 ,5 0 0
$ 1 ,0 0 0
Ba.uk sh ares, p a r ..
BONDS
G o v e r n m e n t b on d s
S ta te b o n d s. . . . . . .
A lt. a n d u u s . bon ds
$ 8 ,0 0 0
1 1 ,0 0 0
2 5 .6 6 5 ,5 0 0
$ 7 3 ,5 0 0
2 ,0 0 0
2 6 ,4 1 5 ,5 0 0
$ 7 7 ,5 0 0
3 3 ,0 0 0
7 3 ,9 7 4 ,0 0 0
$ 2 8 6 ,9 5 0
2 5 9 ,5 0 0
7 4 ,0 8 3 ,3 0 0
T o ta l b o n d s .. ..
$ 2 5 ,6 8 4 ,5 0 0
$ 2 6 ,4 9 1 ,0 0 0
$ 7 4 ,0 8 4 ,5 0 0
$ 7 4 ,6 2 9 ,7 5 0
D A IL Y T R A N S A C T IO N S A T T H E BO STO N A N D P H IL A D E L P H IA
EXCHANGES
W eek en d in g
Jan 24
1902
P h i la d e lp h ia
Bouton
B ond
sa les
L is te d
sh a res
U n listed
sh a res
B ond
sa les
L isted
sh a res
U n listed
sh a res
9 ,4 8 4
25 ,0 4 7
2 0 ,7 5 9
1 9 ,1 2 8
1 7 ,3 3 0
2 1 ,4 2 3
6,397
9 ,5 2 5
1 3 ,5 7 3
9 ,1 7 4
19,908
18 ,8 3 2
$ 1 7 5 ,5 3 0
182,840
1 5 3 ,4 0 0
1 0 6 ,9 6 0
12 0 ,4 2 0
7 9 ,5 0 0
4 1 ,2 0 7
50,931
5 9 ,2 2 0
3 9 ,8 8 6
3 1 ,8 6 2
4 5 ,4 7 8
1,7 0 8
4 ,7 4 8
2 ,1 8 5
2 ,1 6 5
3 ,8 1 2
4,817
$40,009
T o t a l............ 113,171
7 7 ,4 0 9
$ 8 1 8 ,6 5 0
2 7 4 ,5 8 4
19,435
$ 6 8 1 ,5 5 9
S a tu rd a y ........
M o n d a y ..........
T u e s d a y ..........
W edn esday. .
T h u r s d a y ........
F r i d a y .............
1 4 5 .9 5 0
1 6 3 .6 0 0
1 2 8 .6 0 0
1 0 7 ,6 0 0
9 5 ,8 0 0
Outside Securities
F o r W e e k ly B e v ie w o f O u tsid e M a r k e t S ee 7 th P a g e P reced in g .
S tre e t R a ilw a y s
S tre e t R a ilw a y s
A sk
B id
30
32
G ra n d R a p id s R y ___ 100
88
P r e f e r r e d ................... 100 s 8 6
34
35
B le e c k St A F u l F s tk 100
101
99
In d ia n a p o lis S t R y See P h ila list
1 st m o rt 4 s 1 9 5 0 ___ J-J
18
17
J C H o b A P a t e r s o n ..100
251
B ’ w a y A 7 th A v e s tk . 100 247
81
4 s g N o t 1 1 9 4 9 ...M -N § 80
le t 'm o r t 5 s 1 9 0 4 .. .J -D 1 0 1 b 102 b
110
L a k e S t (C h ic) E l s t k . 100
1 0 b 10 b
108
2 d m o rt 6 s 1 9 1 4 ........J-J
E x c h List
D eb 5s 1928
J-J 1 0 2 b
119
L o u is v St R y 5s 1 9 3 0 J A J §1 1 8
115
B ’ w a y S u r f 1 st 5 s g u 1924 §1 1 3
113b
2d 58 in t as r e n ta l 1905 §101
102 b L y n n A B o s 1 s t o s ’ 2 4 . J -D §1 1 2
280
M in n e a p S t R y 5s See Stk E x c h list
C e n t’l C r o s s to w n s t k . 100 205
31
30
125
N e w O rlea n s C ity R y 100
1 s t M 6 s 1 9 2 2 ........M -N §1 2 0
106
220
P r e f e r r e d ...................100 103
C en P k N A E R iv s tk 100 210
Cnnsud 7ft 1902
J -D 101
103
N o r t h C h ic s t r s to c k . 100 170
e h r id t 'r Jtr. 1 Util Sit. ftt.lr 1011 185
1 st 5 s 1 9 0 6 -1 6
J-J
195
30
31
N o r t h J e r s e y S t stock lO O
C o lA 9 th A v e 5 s See S to c k E x c h lis t
81
81 b
130
4 s 1 9 4 8 ..................... M -N
D r y D E B A B a t s tk 100 120
117
P a t R y c o n 6s 1 9 3 1 ..J -D §1 2 9
1 st g o ld 5 s 1 9 3 2 . . . J-D 114
K erin 5ft 1 9 1 4 _____ F - A 104
106
2 d 6 s 1 9 1 4 ................. A -O §1 0 4
42
R o c h e s t e r R y (n e w ) .1 0 0
44
410
E ig h th A v e n u e s to c k 100 4 0 0
95
109
P r e f e r r e d ................... 100
93
S crip 6s 1 9 1 4 ..........F -A 105
405
114
C on 6s 1 9 3 0 ............. A -O 112
4 2 d A G r S t F e r r y s tk 100 395
102
70
50
2 d 5s 1 9 3 3 ................. J -D 100
4 2 d S t M A S t N A v e 100
J 06
114
S o S ide E l (C h ic) s t k . 100 106
I s t m o r t 6s 1 9 1 0 .. .M -S 112
101
103
99
2 d in c o m e 6 s 1 9 1 5 ..J-J
S y r a c u s e R a p T r 5 s 1946 101
32
U n it R y s (S t L T r a n s ) 100
32b
L e x A y A P a v F 5s See St k E x c lis t
205
P r e f e r r e d ................... 100
N in th A v e n u e s t o c k . 100 196
8 4 b 85
S e c o n d A v e n u e stock lO O 216 2 2 2
G e n 4 s 1 9 3 4 ............... J-J § 89
89b
4 a t. id nr t. 5 s 1 9 0 9 . . M -N § 10 5 b 1 0 6 b W e s t C h ic a g o S t..........100
90
5 s 1 948 __ .F -A § 1 1 8
C on g 5 s 1 9 3 6 ........M -N § 99
119
180
S ix th A v e n u e s t o c k . . 100 1 7 5
112
S o u B o u le v 5 s 1 9 4 5 ..J-J §1 1 0
fJn Spr.nrifip.N
110
S o F e r 1 st 5s 1 9 1 9 ...A -O §108
N EW YORK
T h ir d A v e n u e S ee S to ck E x c h lis t
107
112
C e n t U n io n G as 1 st 5 s . .. §111
T a r r y W P & A1 5 s 192S 104
Y k e r s S t R R 5 s 1 9 4 6 A -0 109
1 1 0 b C on G as (N Y ) s to c k N Y S to c k E x c
113
E q u i t G a s c o n 5s 1932 See S tk E x list
2 8 th A 29th S ts 1 st 5 s ’ 96 111
415
305
T w e n ty -T h ir d S t s t k . 100 4 0 0
M u tu a l G a s ................... 100 296
103
N e w A m ste rd a m G a s—
D e b 6 s 1 9 0 6 ................ J-J 100
1 st c o n s o l 5s 1 9 4 8 ..J -J 1 0 9 b 110
U n io n R y 1 st 5s 1942 F -A 1 1 6 b 117
N Y E le c L t H e a t A P o w e r
W estcheafc 1 s t 5 s 1 9 4 3 J-J 1 0 7 b 110
G o ld 5s See N Y S tock E x c h list
BROOKLYN
N Y A E a s t R iv e r G as—
A t la n A v e 6 s 1 9 0 9 ..A -O § 1 0 4 b 1 0 6 b
1 st 5s 1 9 4 4 ................. J-J 1 1 2 b 1 1 3 b
115
112
C o n 5 s g 1 9 3 1 ..........A -O 114
C o n s o l 5s 1 9 4 5 ..........J -J 108
N o r U n 1 st 5s 1 9 2 7 .M -N 1 0 8
l i n p t 5 s See S to c k E x c li lis t
109b
135
S tan d ard G a s c o m ___ 100 130
B B A W E 58 1 9 3 3 ..A -O 1 0 0 b 103
155
B r o o k ly n C ity s t o c k . .. 10 243
245
P r e f e r r e d ................... 100 150
C o n 6 b S ee S to c k E x c h list
1 st o s 1 9 3 0 ............. M -N §116
n s
B k ln C ro sstn 5 s 1 9 0 8 .J -J 1 0 4
107
OTHER CITIES
B k n H g t s 1 s t 5 s 1941 A -O 105
108
30
32
B k ln Q Oo A S u b See S tk E x c h lis t
A m e r L ig h t A T r a c t . 100
B k ly n R a p T r a n See S tk E x c h list
P r e f e r r e d ................... 100
90
91
C o n e y Is la n d A B k ly n lO O 325
400
B a ltim o r e C on solid a t S et B a it list
1 st 5s 1 9 0 3 ................. J -J 100
102
B a y S ta te G a s ............... 50
b
h
o s c r t l s i n d b t 1 9 0 3 ..J-J 101
B in g h a m to n G a s—
B r k C A N 6 s 1 9 3 9 . J -J 1 1 4
116
o s 1 9 3 8 ................. ...A - O § 9 4 b 96
G r S tA N e w 1 st 5s ’ 0 6 F -A 105
106
B o sto n U n ite d G as b on d s B o sto n list
y
G r ’ p t A L o r iin e r S t 1 st 6s 106
109
B u ita lo C ity G a s stocklO O
7b
K in g s Co. E le v a te d —
82
1 s t 5s b o n d s .....................
SI
1 s t 4 s 1949 S ee S to c k E x c h lis t
C h ica g o Gas See N Y S tk E x c h list
N a s s a u E le c p r e f........ 100
83
85
C in c in n a ti G as A K leclO O 100
100 b
5 s 1 9 4 4 .......................A -O 113
115
C ol G as L A H e a t com lOO
92
98
95
97
1 st 4 s 1 9 5 1 ................. J-J
P r e f e r r e d ................... 100 101
104
107
1 st 5s 1 9 3 2 ................. J-J § 1 0 0 b 1 0 8 b
N e w W b ’ g A F I 1 s t e x 4 b s 103
S te in w a y 1 st 6s 1 9 2 2 .J-J §115
117
C o n s o l G as (N J ) s t k .1 0 0
13
lib
75
1 s t 5 s 1 9 3 6 ................. J -J
79
O T H E R C IT IE S
C o n su m G as (J C ity )—
B u ita lo S tre e t R y —
1 st 6s 1 9 0 4 ............. M -N §102
r*•i
1 st c o n s o l 6 s 1 9 3 1 .. F -A § 1 1 6 b 1 1 8 b D e tr o it C ity G a s ........... 50
D e b 6s 1 9 1 7 ............. A .O §105
107
D e f t G a s b ’d s See N Y S tk E x c h list
C h ica g o C ity R R s tk . 100 189
25
195
E s s e x A H u d s o n G as 100
30
C h ic U n io n T ru e c o m . 100
10
F o r t W a y n e (I n d )—
P r e fe r r e d ................... 100
1st 6s 1 9 2 5 ................. J-J
65
60
47 b 47 b
C le v e la n d C ity R y ___ 100 100
27
112
G as A E lec B e r g e n Oo 100
30
C le v e C ity 1 st o s 1 9 0 9 . J-J
G ra n d R a p id s G a s—
C le v e la n d K le c tr R y .l O i
70
1 st 5s 1 9 1 5 ............... F -A § 1 0 4 b 105
?i
C on 6s 1 9 1 3 ..............M -S
H a r tfo r d (C t) G a s L . . . 2 5 1 48
60
23
C o lu m b u s (O ) S t R y . . 100
50
48
H u d s o n C o C a s ........... l o o
26
P r e f e r r e d ...................10U 1 0 1 J- 103
10U
5s g 1 9 4 9 ...
101 b
C oiiu n R y Oou 5 s S ee P h ila list
In d ia n a N a t A 111 G a s—
C roast’ w n 1 st 5 s ’ 33. J -D §115
1 st 6s 1 9 0 8 ............. M -N
47
50
B id
A 8k
O ut) H cctiriiie w
B id
A sk
60
55
In d ia n a p o lis G a s s to c k 50
1st Os 1 9 2 0 .............M -N
99 b 1 0 0 b
a ck su u lia s Co . . . . . . 50
75
73
o s g 1 9 3 7 ....................A -O §101
102
Causas C ity G a s ......... 100
20
30
5a 1 9 2 2 ..............
A d ) §102
105
L a cle d e G as See N V Stk E x cU
58
L a fay ’ e G as 1 s 16s ’ 2 4. M - N
55
L og A W a b V 1st Gs’ 25.J -1)
50
40
a d ia o n (W is) Gas
1st 6s 1 9 2 6 ...............A O § 107 b 109 b
ew a rk Gaft 6 s 1944 Q-J §140 b 1 41 b
ew a rk C on sol G as . 100
56
68
5s 1948 See .Stuck Kxeh list
e w E n g G as A G See B OStoil 1 ist
OO
A 1ml C on N ul A III 100
18
60
1 st Os 1 9 2 6 ............... J -D
46
i e v id e n c e G a s .............50 1 96
96
81 J o s e p h G a s 5s 1 9 3 7 .J .1 § 94
81 P a u lG a s G en 5 s ’ 44M -H i 88
90 b
30
S y r a c u s e G a s s t o c k ..1 0 0
J6
96
90
1st 5s 1 9 4 6 ............... J J
W e s te r n G as— 5s S ee S f k E x c h list
T e l e g r A T e le p h o n e
A m e r L is t T e le g ( N Y ) ^
B e llT c lc p li o f B uitalo 100
C e n tra l A S o A m e r ... 100
C hes A P o to T e l c p h . . l o o
5s 1 9 0 9 -2 9 ...................J - j
C om m e rcia l C a b le ___ 1 o o
C o m m er U n T e l (N Y ).2 6
E m p A Bay S ta te T e l J 00
E r ic T e le g A T e ie p See B
F r a n k lin ......................... 100
G o ld A S to c k ................ 100
4 1aS, 1 9 0 5 ..........................
H u d so n R iv e r T e le p h 100
M e x ic a n T e le p h o n e See
N e w E n g T e ie p h on e See
N o r th w e s te r n T e l e g .. .5 0
N Y A N J T e le p h o n e 100
5 s l 9 2 0 ....................... M -N
a o ilic A A t la n t ic ........25
P r o v id e n c e T e le p h o n e . 50
S ou th ern A A t l a n t i c ..25
T e l T e l A C able ot A m . 15
E l e c t r i c C o m p a n ie s
A lle g h e n y Co L ig ’ tC olO O
C h ic a g o E d iso n C o ... 100
E d iso n El i l l B r k 4 s N Y
E le c tr o -P n e m n ’ ic T ra n 10
G e n e ra l E le c tr ic Co N .
H a rtfo rd (C t) E le c L I 100
K in g s Co E le c L A P C o lO O
N a rra g a n (P r o v ) El Co 50
N Y A G E lL A P o w C o lO O
P r e fe r r e d ....................l o o
R liO lsl E le c P r o te c ColOO
U n ite d E le c t r ic o f N J 100
4 s 1929
U n it E le c L t A P o C o .. 50
St k E x
104
105
64
1 0 5 8s
175
115
78
OfttOU
47
120
list
108
108
67
100
B osto
B osto
122
168
11 L
78
1100
100
t
6
104
n list
n list
126
170
113
83
i*6*3
S to ck
t
lb
S tock
196
184b
1 94 b
35
71
125
14
66
See B a
L70*
E xcli
lb
E xch
200
186
17
113
E xch
108
68 b
§ 94
72
§ 112 b
§ 86
18
115
list
n o
184
*84
list
55
123
103
6b
38
73
16
68
it list
N E W Y O R K C IT Y
§ B u y e r p a y s a c c r u e d in te re s t.
t P r ic e per sim re.
t S a le p r ic e
F e rry C om pan
B ro o k ly n F e r r y stock lO O
N Y A B 1 st 6s 1 9 1 1 -J-J
C on 5s 1 9 4 8 See S tock
M e tro p o lita n F e r r y 5 s . ..
N Y & E R F e r r y s tk . 100
1 st 5s 1 9 2 2 .............. M -N
N Y A H o b o k e n s tk . 100
H o b F y 1 st 5s 1946 M -N
C on os 1 9 4 6 .............J -D
N e w Y o r k A N e w J e rsey
1 s t 5s 1 9 4 6 ................. J-J
1 0 th A 23d S ts F e r r y 100
1 st m o rt 5s 1 9 1 9 .. .J -D
U n io n F e r r y s t o c k . .. 100
1 st 6s 1 9 2 0 ................M -N
R a ilr o a d
C liic P e o A S t L p r e f.1 0 0
P r io r lien g 4 b s ’ 3 0 M A S
C on ratg g o s 1 9 3 0 . J A J
In c o m e 5s 1 9 3 0 ...............
D e n v e r A S o u th ’ n See S
D e tro it S o u th e rn See S tk
P r e fe r r e d
See S tock
1 s t 4 s 1951
See S to ck
K C F t S c A M e m p f See S
R e fg g 4 s 1 9 3 6 See S tek
M e x N a t io n a l (w i) ..1 0 0
P r e fe r r e d (w 1 ).........1 00
P r io r lie n 4 ^ 8 1 9 2 6 (w i)
1 st c o n 48 1951 ( w i ) . . .
N o r A W e s t - P o c a 4 s . 1941
N o r P a c n e w 4s ( w i ) ........
N o r ’ n S e c u r itie s (w i) 100
P itt s B ess A L E ......... 50
P r e fe r r e d ...................... 50
S eaboard A ir L in e See B
95
76
114
88
105 b 107
75
80
§105
108
45
46
§ 97
98
9 V,
§106
10b
108
30
tk E x
E xch
E x eh
E xch
Ik Ex
E xch
1 5 3s
39*4
101 -*4
79 b
94 *4
32 b
lis t
lis t
lis t
lis t
list
list
16
3 9 34
10134
80
94 b
100
102
104 b
104
36
36 b
70
75
alt list
I n d u s t r ia l a n d M is c e l
A b e r d e e n C o p p e r ..........25 j 30
A c k e r M e r A C o n d it ...6 s 100
A m a lg C op p er See S to ck E x c li
A m A g r ic Chern See B o stoii
A m e r B a n k N o te C o . . . 50 t 54
A m B ic y c le See N Y Stk E x c h
15
A m e r ic a n Can c o m . . . 100
P r e f e r r e d ................... 100
58 b
82
A m e r ic a n C h icle C o .. 100
82
P r e f e r r e d ....................100
3
• a p liop h on e...lO
A m e r G ra
7
P r e fe r r eeel.....................10
A m e r H id e A L e a th e r 100
7b
41
P r e f e r r e d ................... 100
6s See S to c k E x eh list
85
A m e r P r e s s A s s o c ’ n .1 0 0
A m e r ic a n S c r e w ........100
A m e r S h ip b u ild in g .. . 100
35 b
P r e f e r r e d ....................100
2
A m S oda F o u n c o m .. 100
65
1 st p r e fe r r e d ............. 100
9
2d p r e fe r r e d .............. 100
A m e r ic a n S u r e ty ..........50 175
A m e r S tra w b o a rd ___ 100
23
B o n d s 6 s .....................F-Y
1 00 b
44
A m T y p e fo ’ rs s t o c k ..1 0 0
A m e r W o o le n See S tock E x ch
A m e r W r it in g P a p e r . 100
lb
P r e f e r r e d ....................100
9b
69
5s 1 9 1 9 .........................J-J
70
A n th r a c ite C o a l......... 1(H)
17
B a rn e y A S m C a r ........100
P r e f e r r e d ....................100 122
B liss C om pany c o m ___ 50 150
132
P r e f e r r e d .................
B ond A M o rt G l ia r ...1 0 0 425
Sb
B r it ’ll C o lu m b ia C o p p er 5
C e llu lo id C o ....................100 102
IS
C ent F ire w o rk s c o m .100
68
P r e f e r r e d ............. .. 100
31
101
list
list
57
list
15%
59
84
84
4
8
8
41b
95
38
97 b
6
58
13
185
24 b
50
list
lb
10
70
80
21
126
t 40
110
150
9b
om
Jo-i
71
I n d u s t r ia l a m i M is c e l
B id
A sk
35
45
C h a tea u g a y O re A 1 6 s ’ 15
C hes A o G rain El m e . . .
15
20
4 s .................................... . . . . §8 8
O iieseb rou g h M fg Co 100 440
460
C lallin ( 11 B ) 1st p re f 100 100
2d p r e fe r r e d .............. 100 100
( Common . ................ 100
100 b 102
60
Col A Jl o c k C oal A I p f l OO
65
86
1st g 5s 1 9 1 7 ............. J-J
93
C om p ressed a i r C o ... 100
8
11
C on solid Car H e a tin g 100
60
60
C on sol F ir e w ’ ka c o m . 100
10
20
P r e f e r r e d .................... l o o
55
C on sol R u b b e r 'L ir e .. 100
3
4b
C on s T o b a c c o 4ft* vSte^stk E x c h list
107
C o n tm e n ta l T o b a o d e b 7s 104
300
C o rb in C a b in e t L o c k . 100 250
C o rb in ( P A F) C o ....... 25 1107
C ra m p s’ S h A E n B ld g ] 00
72
78
C r u c ib le S t e e l .............. 100
aa% 23 b
85 b 85 b
P re fe r r e d ..................l o o
D iam on d M a tch C o Set E xcli list
89 b 90 b
Im iiiiiiion S e c u r it ie s . ] 00
25 b 28
E le c t r ic B o a t ................ 100
46
49
P r e f e r r e d ....................l o o
E le c t r ic V e h ic le ..........100
3
1b
3
P r e f e r r e d ...................100
4b
80
E m p ir e S ta te S u g a r .. 100
1 st 6s 1 9 1 5 .................J -J § ......... 95 b
3
6
E m p ire S te e l................100
45
P r e f e r r e d ....................100
1
G eu era l C a r r ia g e ........l o o
lb
60
70
G e n e ra l C h e m ica l___ J 00
P r e f e r r e d ....................100
98 b 100
G orh am M fg C o c o m . l o o 115
P r e f e r r e d .................... 100 125
i 1a o k e n sa ck M ea d ow s 100
63 b 54
61
67
i I a ll S ig n a l C o ............100
13
H a v a n a C o m m e rcia l. 100
14b
63
58
P r e f e r r e d ....................100
53
II kr-J o n e s -J e w ’ l M il 1. pfd
1 st 6s 1 9 2 2 ............... M -Sj
92 b 100
2
II e rrin g - H a li-M a rv in 100
30
40
1 st p r e fe r r e d ............. 100
5
10
2 d p r e fe r r e d ............. lo o
H o b o k e n L a n d A Im plOO n o
5s 1 9 1 0 ......................M -N 106
15
20
I n te r n a tio n a l s a lt ce rtfs.
I n te r n a t’ l S ilv e r See S tk E x c h list:
99
100 b
6 s 1 9 4 8 ......................... J -D
Ir o n S t e a m b o a t ........... 25
155
J o h n B S te ts o n c o m .. 100 ' 135
140
P r e f e r r e d ....................100 130
10 b
L a n s to n M o n o t y p e ___ 20 1 10
230
L a w y e r s M o r t in s u r .1 0 0 220
95
L a w y e r s ’ S u r e t y ........100
335
L a w y e r s ’ T itle I n s . ..1 0 0 325
L o rilla rd (P ) p r e f........100 120
10
M a d ison Sq G a r d e n .. 100
55
65
2d 6s 1 9 1 9 ................ M -N
8b
M e x N a t C on stru e.p flO O
8b
M p n o n g a h e la R C o a l ..50 \ 1 3 b 1 8 b
P r e f e r r e d ...................... 50 f 4 3 b 4 3 b
3b
M o n t A B o s to n Cox>per.5 t
5b
100
M o s ie r S a fe C o ............100
N a tio n a l C a r b o n ..........100
18 b 18 b
83
84
P r e f e r r e d ....................100
30
31 b
N a t E n a m ’ g A S tam p 100
82
85
P r e f e r r e d ....................100
N a tio n a l S u r e t y ......... 100 140
40
33
N e w C en tra l C o a l..........20
80
N Y L o a n A I m p ........100
1 16
N Y B is c u it 6s 1 9 1 1 .M -S 114
N Y D ock Co
S ee S to ck E x c li list
P r e fe r r e d
See S to c k E x c li list
1 s t 4 s 1951
R e s t o c k E x c h list
12
12 b
N Y E l V T r ($ 2 0 p d ) l0 0
155
N Y' R e a lty C o r p ........ 100 145
N ic h o ls o n F ile C o ___ 100 126 b
12
8
O n ta rio S ilv e r .............. 100
30
29
O tis E le v a t o r c o m ___ 100
93
94
P r e f e r r e d ....................100
P it t s b u r g B r e w in g ___ 50 t 25°s 26
P r e f e r r e d ...................... 50 t 4 4 b 4 4 b
25
25 b
P it t s b u r g C o a l.............. 100
90 b 90 b
P r e f e r r e d ....................100
150 b
P itts P la te G la s s ........100 149
127
P o c a h o n ta s C oal S u b s . .
95
90
P r a tt A W h itn p r e f .. 100
342
P r o c te r A G a m b le ___ 100
202
P r e f e r r e d ....................100
145
R a p T S u b O p e r 10 p d 100 135
108
R o y a l B a k P o w d p r e f.1 0 0 106
R u b b e r G o od s M fg S ee St o c k E x list.
R u s s e ll A E r w in ..........25 t .......... 62
145
S a fe ty C ar H e a t A li t 100 142
172
S im m on s H a r d w co m 100 16S
P r e f e r r e d ....................100 140
145
2 d p r e f e r r e d .............. 100 142
250
S in g e r M fg C o .............. 100 240
S n a p H o o k A E y e ___
6b
S tan d ard M illin g C o . 100
5b
25
23
P r e f e r r e d ....................100
76
74
5 s ...................................
665
S ta n d a rd O il o f N J ..1 0 0 660
220
S ta n d U n d erg d C a b le 100
34
31
S tan d ard C o u p le r com lOO
130
P r e f e r r e d ....................100 120
101b
S w ift A C o ..................... 100 100
102
1st 5s 1 9 1 0 -1 9 1 4 ....J -J §101
1 13
13b
T e n n e s s e e C o p p e r ___
75
T e x a s A P a cific C o a l.1 0 0
n o
1 st 6s 1 9 0 8 ................A -O §106
T itle G u a r A T r u s t . . . 100 525
T r e n to n P o tte r y com 100
5b
68
73
P r e fe r r e d '.................. 100
72
T r o w D ir e c to r y n e w .. 100
U n io n C o p p e r ..................10 * - 7s
3b
20
33
U n io n S teel A C h ain . 100
40
60
P r e f e r r e d ....................100
U n io n S w itc h a S ign a l 50 t 75 b 76
95
P r e fe r r e d ...................... 50
74
76
U n ion T y p e w r c o m .. 100
125
123
1 s t p r e fe r r e d ............. 100
122
2 d p r e fe r r e d .............. 100 119
6V
U S C ast Ir o n P i p e .. . 100
88 b 89 b
P r e f e r r e d ....................100
18
17
U S C o tto n D u c k ........100
90
P r e f e r r e d ...................100)
44
40
U s E n v e lo p e c o m . .. 100
82
79
P r e f e r r e d ....................100
84
83
U S G la ss c o m m o n .,. 100
145
MO
P r e f e r r e d ...................100
87 b 88
S R e d u o tA R e fin in g 100
62 b
62
85
82
1 st mort t i s ..................
S tock t:\ oh
U 8 S teel Cori>oi al i en
i\
Unix oivsal T o b a c c o . .. 100
1‘ ie i e v r e d ................. 100 . . . . . . 48
18
10
V a C oal Iron a C ok e. 100
58
50
58 1949........... . . . ; . . M S
1 7 l b 1 48
w eat High £
16 b 17
W h ite iv n ob Mi ni n ' . 100
1i
W o n lung Putup pi ot l Oil 121
THE CHRONICLE
J a n u a r y 25, 1902.]
B o sto n ,
P h ila d e lp h ia
and
B a ltim o r e
S k ia r * P r l o a i - N o t P a r C e n t u m
Saturdayt
Jan . 18.
90S*
H 00
•843
102*
O
69*
•20
*32
71
S I*
83
*
i ’2 2 *
116
159*
575
24*
12
93
23
69*
59*
19
77*
124*
116*
190
575
*4*
12
63
S3
69*
57*
19*
77*
*
*
4
89
a 39
23
89
139
23*
3*
8*
14* 14*
48
19
11
303 208
208 203
107 107
1 0 7 * 108
♦242 245 ♦242 245
*193* L93
103 198
•154 «•••••
1 5 5 * 150
183
182 •133
72* 72*
71* 71*
72
71
S3*
58* 53*
5 3 * 5 3 * ♦58
•
145
144*
1 4 4 * 145 ♦144
8 0 * 87
3 0 * 37
8 0 * 37
88* 8 4 *
34* 34*
34
34
02 9 3 * 9 2 * 9 8 * 9 8 « 9 2 *
3 7 * 537*
28
29* ’28* 28*
*104
......... 105 105
•101
*210 ....... "310 . . . . .
•2 lO t.
74
7 4 * 74 1-10 7 4 * 74 7-10 7 4 *
27 13-10 8*
88 1-10 3 8 *
a
4 0 * 15-10
41 1-10
4GU 41
b
30 15-10 1 * 31 1-16 7-16
84* 34*
25
24
24*
35
4
0
*
40
*
9
4
7
*
4
0
*
40*
40*
100 101 * 1 0 0 * 1 0 0 * 1 0 0 * 1 0 l *
88
88
88
88*
88* 80*
35
35*
84* 35*
38* 34*
1
4
*
14* 14*
14*
14* 14*
9
4
*
94*
*94
9
4
*
94
94*
48
2e *
11
87
87
90
90
• Bid and
70*
22
8a*
*
68*
21
83
120*129*
1 1 5 * 110
1 5 9 * 160
575 575
24* 24*
1 2 * 13
•02* 8S
121*
115*
158
580
24«
12
*02*
22
09*
58
18*
*77*
69*
♦20
82*
«0*
57
18*
77
69*
57*
18*
77
*“ *
*
%
%
H
1 2 2 * 1 2 2 * 1 2 3 * 122%
118
110 110 * 110
1 5 9 * 1 5 7 * 1 58* 158
575
580
♦560 580
24*
24* 34*
24fc
12*
1 2* 12*
11*
0 2* 0 2 * *02*
03
22
»2*
23*
22*
68* 09*
68*
09*
59
01*
59
61*
20
19*
1 9 * 20
•
78
78
73
125*
110*3
169
680
84*
11*
62*
22%
70
08*12
80*
77*
125*
117
158
585
24*
12*
02%
22*
09
03
20
•77
4
*%
*1*
*89
189
127*
117
159
585
24<*
18H
02*
23*
22
83
5-10
!«.,«« ltl.ll
.«•••«
90
*89
•138 140
32* 22*
3 * 3 5-16
14* 14*
RAILROADS.—Price*
Amer. Railways (Phil) 50
A ll ft Charlotte (Balt) 100
Bos ft Maine pL(Bost) 100
Boston ft Prov. “
100
ConnftPaasum “
100
Conn R iv e r .,.. “
100
OonaolTr Pitts?(Phil) 50
P r e f ? ...,.,.., “
50
Ba South ft Fla.(Balt) 100
1st p r e f ,...., “
100
2d p r e f ..,,,,
“
100
ftPrmant’n Pass (Phil) 50
Hestonv M ft T “
50
P ref............
“
50
Indi Street.......
“
100
Little Bohuylk. “
50
Maine Central.(Boat) 100
Minehiil ft S H .(P h ll) 50
Nesquehon’g Y . “
50
North P e n n ....
“
50
Pere Marqu’te,( Bost) 100
Pref. ••■**•««• ** 100
Phil Germ ft N.(PhU) 50
Phila. Traction “
50
Rys Co General 1 “
....
Rutland pref ..(B o st )100
United N J ....... (Phil)100
UnPowft Trans
“
25
West End pref.(Best) 50
West Jer ft 8 8. (Phil) 50
West N Y ft Pa, "
50
W ii Cent, new.(Bost)100
P ref................... “ 100
Wor Nash ft R. “
100
MISCELLANEOUS.
Alloue* Mlnlng(Bost) 85
Amer. Cement. (Ph 11) 10
Am Gold Dredg(Best) 10
Amer. L A S . . (Phil) 50
AmPneumServ(Bost) 50
P ref.........
“
50
Arcadian. . . . . . .
**
25
Arnold Mining.
“
25
Atlantic Mln’g. “
25
Baltic Mining., "
25
Beth Steel .....( P h il) GO
Boston Elec LL(Bost) 100
Cambria Iron..(Phil) 50
Camb BDrexel rect “ .,
Oanton Co......... (Balt) 100
Central O il..,..(H ost) 25
ConMercur gold “
5
O*mb Tel ft Tel “
100
Daly-West Min "
20
Deny Bessemer (Phil) ) *
DeLong H
K
“
10
Dlam State B t..
“
10
P ref..................
M
Domin Coal pf. (Bost) 100
Dom Iron ft H.Tf ** ___
Rsuston Con EL (Phil) 60
Edison El Ili|..(Bost)100
n e e Goof Ar/jjf (FWI) 60
Fraakiln M ing.(Boat) 26
General E lect..
“ IOO
Pref.....................
“ 100
G-B-H Brewlng(Ball)
Ind-E r /P Corn ( Host) 100
l e t But H A 8 M ~
10
le t BPADrnam(PMl) 60
lely Royaler .(Boat) 26
Maeufac R u b ..(Phil) 60
B id.
302
•202 203
16S
109
no
245
*242 345
192* 192* 192*
1 55* 155
156
133
183
7 8 * •72* 7 3 *
by*
53* 58*
¥
144
14 * 143
30* 30*
3 0 * 87
84
34*
34
3**
9 2 * 9‘4 *
94
92*
2 8 * 2b *
27% 27%
•104
•104 105
210 31(5 8)0 210
74* 74*
74* 74*
28 1-10 2 8 *
c
40 15-10
41
41
8 1 * 31*
81% 81%
23* 34*
3 8 * 24%
4 5 * 40%
40
40*
I 0 i * 1 0 1 * 100* 101 %
88
88* 88*
83
85
85*
35% 3 5 *
1 4 * 14 *
* 1 4 * 14%
94* 94*
94
91*
262
108
♦
192*
155*
*182
78*
S3*
09%
Ash.
Jan , 2 4
48*
29
m *
24
•
*
made.
49
29*
12
24
88
90
%
*
11111
89* 89*
139 139
22
22
8 3-16 3 *
13
14*
48
29%
11*
*
*
4?*
29*
U *
88
90
a 27 15-16
8TO C K3-B0N DS
70
22
83
72*
23*
84
00
21
77%
4
M
90
140
8% a *
13* 14*
11 0 ^ 110U
48% 49
29
29%
•11* 12
25
*24
*
83
90
88 3-16
MISCELL,—Concluded.
Mfd Rubber pfd(Phil) 50
44%
Mergenthaler ..(Bost) 00
185
Mex telephone
10
171
MtYerCobDuck(Balt) ,,
306
165
wewEngGs<*C I (Bost)
New Hav I ft S.^Pnn;
5
285
Old Col Mining. (Bost) 25
Osceola Miningc “
25
48
Palmetto Co.. . . (Phil) 25
Parrott Sil&Cop (Bost) 10
98W
Penn Elec Yeh.(P hil) 50
76
1 4 5 * 150
P r e f ....,..,.. “
50
Pennsyl S a lt... “
50
78%
Pennsyl Steel. . “
..
48
P r e f ..................
“ 100
60
Phila Co
“
50
175
PlantersComp? (Bost) 100
03
Quincy Mining,
“
25
Kill
Rhode Isl Min..
“
25
1 0 9 * 110
8anta Ysabel G “
5
75
Seattle Electrio “
100
82
85
P r e f...,, . . . . “
100
Susque I ft 8 ? ..(Phil)
5
97*
Tamarack Min..(Host) 25
Tidewater St... (Phil) 10
1 0 9 * 110
Torrington “ A ” (Bost) 25
280
P r e f ....,............ “
25
Un Cop L ft M’g "
35
115
UnElLftPowpf (Balt) 50
67
United Fruit (Bost) . 100
“
25
* ••», K »••• U S M in in g .,.,
“
4*85
kiiii
••••• Utah Mining..
Warwick I ft S .(P hil) 10
Westm rel Coal “
50
Winona Mlning(Bost) *5
3
Wolverine Min. “
25
2%
f i o n d a -B o s n m ,
5%
2% Am Beil Tel 4s..1908 J&J
A TftS F gen g 4s. ’95 AftO
Adjustment g 4 s ..1995
5
28
29
Boston Term’l 8 * s .. 1947
Bos Un Gas l s t 5 s .’ 39JftJ
4
3*
2d M 5s...........1939 JftJ
•50
•51
25
Burft Mo Rlv e r ’pt 6s. JftJ
Non-exempt
6 s .’ 18 JftJ
85
35*
Sink fund 4s. .1010 JftJ
••••• Cent V t 1st 4s 1 9 3 0 .,Q-F
Oh Bur ft Q 4 s .1922 FftA
48
Iowa Dlv 4 s .1919 AftO
*•••».
20
100
Ohloago Juno 5s. 1915 JftJ
Ch ft No M go 5 s.’ 31 MftN
7
10
194 Ohl ft W M gen 5s.’ 31 J&D
1%
120
Ourr’t Riv 1st 5s.’27 AftO
125
27% 23% JL>G R ft W 1st 4s.’46 AftO
*«*, * « « . . . * Domin Coal lst6s.’ 13Mft8
T2ast’n ist M 6s g.’06 M&8
Ft Elk&M V 1st 6s ’ 93 end
. . . *Unst’p’d 1st 0s.’33 AftO
..1 %
111In Steel oonr 5s.’ 10 JftJ
119
Debenture 5s. 1913 AftO
86*
K C Oft 0 1st 5a g.’25 AftO
255
K C Ft S&G 1st 7s.'08 JftD
256
KO K SftMcon 6s.’28MftN
6*
1 2 * *2% K C M ft B 1st 4s..’ 34 MftB
Income 5s......... .
280
280*
K CAM RyftB 5«,’29 AftO
K O St Jo ft C B 7s.'07 JftJ
10* i i
3% L RockAF e ls t7 s .’05 J&J
Mar II ft Ont 0s...’25 A ftO
Mex Cent 4s g .. 1911 JftJ
1st oon inc 3s g non-cam
31
Mlll>
2d oon ino 3s r>on-<ram..
-A
D a ily
and
B id.
170
2
t t a l l r o a d H lo e k a ,
Boston ft A lb a n y ....................(B o s to n ).,.. 100
Boston Elevated, full paid..
M .,..1 0 0
Boston A L o w e ll............ •••
“
.,..1 0 0
“ ....1 0 0
Boston A Maine.........................
Ohio. Juno. A Un. Stock Yds.
“
..,.1 0 0
Preferred.................................
“ ....1 0 0
Ohoo. Okla. ft Q. trust oerts. (P h lla ,).... 50
Preferred Tr. oertfs . . . . . . .
“
. . . . 50
Fltohbarg, pref. . . . . . . . . . . . . .(Boston) . , . .100
Lehigh Valley......... .................(P b lla .)',.,, 50
Massaohusetts Bleot. Cos. ? .( Boston),,.,1 0 0
Preferred ?.•••.«••••...,••
“
....1 0 0
Mexloan Central..,••...,••••
“
.,..1 0 0
Northern Central..•••«........* (Balt.) . . . . 50
Old Colony................................(boston) ,,,.1 0 0
(P h lla .).*.. 50
Pennsylvania.............
Reading Company....................
“ . . . . 50
1st preferred.. .......................
“ . . . . 50
“ «••• 50
2d preferred....... ....................
Seaboard Air L i n e ................. (Balt.) ....1 0 0
“ ....1 0 0
Preferred ..................................
Onion Paolflo..............
.(B o sto n )... .100
Preferred.........
“
....1 0 0
Union Traotion, $ 1 7 * paid. (P h lla .),. . . 50
United Ry A Bleo. O o . ( B a l t . ) . . . . 50
W est Bind 8 t r e e t ............... (B o sto n ).... 50
D U eoellan eou a H toeko.
Amalgamated Copper? . . . . . (B oston ).. . . 100
Amer. Agrloul. Chemical ? ..
“
..,.1 0 0
Preferred ?....•••••,•••••••
“
....100
American A l k a l i . . . . . . . . (P h lla .)*... 50
Preferred, $10 paid . . . . . . .
“
. . . . 50
American Sugar Refining? .( B oston)....1 0 0
Preferred?........................
“
Amer. Telephone ftT el.C o .,
“
.. .. 1 0 0
Calumet & Heola ........................
“ . . . . 25
Camb.Steel, 318% paid recta,(P hlla.). . . . 50
Centennial Mining.. . . . . . . . . (B oston). . . . 25
Consolidated G a s . . . . , , ( B a l t . ) ....1 0 0
Consol. Lake S u p e rio r.,.,.. (Phila.) ..,.1 0 0
Preferred...........................
“
Dominion C oal. . . . . . . . . . . . . .(B oston). . . .100
Erie Telephone....... .
“
> .,.1 0 0
Lehigh Coal ft Navigation.. . (Phlla.) . . . . 50
Martden Co? ..............................
“ ,.,,1 0 0
National Asphalt ?
“
. . . . 50
P re ferred ?..... . . . . . . . . . . . .
"
. . . . 50
New Bing. Ootfton Yarn, pref. (Boston). . . . 100
New England Telephone....
“
,...1 0 0
Old Dominion C o p p e r ? .,,...
,f
. . . . 25
Philadelphia Eleo.? 5 paid. . (Phila.) ........ .
Trinity Mining
(B o sto n ).... 25
United Has Improvement ? .. (Phila.). . . . 50
United Shoe M a c h in e ry .,,..(B o sto n ),.,, 25
Preferred
. . . . 35
United States O i l . , .
“
. . . . 25
W - a l s b a c h C o . , ( P h i l a . ) ,.,.1 0 0
Westingh. Electric ft M fg ...(B o s t o n ),... 50
Preferred
“
50
b 81 7-16 31 11-16
c 27 18-10 28 7-10
A sh .
2*
1C5
10 *
5*
2*
81
S
81*
20
30
5*
5*
111
85
47
10
185
2
*
11
140
2*
59* 6 !*
108
107
1*
254
251
0*
26
27
l
82
87*
14*
23*
0
27
29
9
35
88
14*
23*
74
$ 9 9 * 100
hoa
| 92
a ll5
l 84
l 54
| ll9
$.......
§•«.»«
‘ io o «
a...
IlC9
al09
2109
&104
2100
2111
2110
.
93
11?*
85
00
89*
til t
11 O'*
102
113
•, ••*
$185
$ .....
$101
$105
$114
1 2 4 * 125
90*
99
96
94
$107
$116
$105
1118
$ 82*
81* 82*
99* 23*
BONDS
B o s to n —Concluded.
New Eng oongen5s’ 45JftJ
N B CotYarn 5s 1929FftA
N B Gas ft C i s t 5 s ..1937
New Eng Tele 5s.’ 16 A&O
6s . . . . , ............1907 A&O
N YftN Eng 1st 7s.’05 JftJ
1st m ort 6a.. ..1905 JftJ
Rutland 1st 0 s .. ’02 MftN
Rut-Can 1st 4e 1949. JftJ
Seat Elec 1st 5sl980F ftA
Torrington 1st 5s 1918.
W est End St 5s. . ’ 02 MAN
4 * s ............ 1014 MAS
Deb 4s...........1016 MftN
B o n d s—B a l t i m o r e .
Anacostia ft Pot .•••»•• 5s
Atl ft Ch 1st 78.1907 J&J
Atl Coast L ctfs 5s . .JftD
BaltCPaslst 5e01911MftN
Balt Fundg 5s.l916 MftN
Exchange 3 * s . 1930J&J
Funding, S *s, 1052J&J
BaitftPlst 6sml 1011A&O
1st 0s tunnel 1911..J&J
Bal Trao 1st 5e.l029M&N
No BaltDiv 5s.l942JftD
Conv’rtihle 5sl906M ftN
Central Ry 6 s ...1912 JftJ
Consol 5 s ....1 9 3 2 MftN
E xt ft Imp 5B.19S2M&S
Chas City R y lst 5s ’ 23 J&J
Chas Ry G ft El 5s ’ 90 M&S
CharlC&A ext5s.l909JftJ
2d 7s 1 9 1 0 .............A&O
Cltyft8ub 1st 5s.l922JftD
CliyftSub(Wash) lst5 s’ 48
Col&Gm vlst5-6.1917 JftJ
Consoi Gas 6s. .1910 JftD
5s....... ......... ,1939 JftD
Ga & A lalstpf5sl945A & 0
GaCar&N 1st5s g. 1929J&J
GeorglaPlst5-0s 1922JftJ
GaSoftFla 1st 5s.1945.TftJ
G-B-S Brewing 3-4s 1951.
I n c o m e , .....
KnoxvTrao lst5s ’ 38A&O
Lake R El lstgu5s’42MftS
Metflx( W ash) 1st 5p’ 25F a
MtVernondotDuck 1st 5s
Income . . . . ....................
New Orl Gae 1st 5s...Y a r
NewpN&OPlst5s’38MftN
Norfolk St 1st 5s ’4 4 .JftJ
NorthCent4*s. 1025A&O
0s 1 9 0 4 ................... JftJ
Series A 5s 1020... .J&J
Series B 5s 1920....J&J
Pitt Un Trao 5s. 1997 JftJ
PotomVal 1st 68.1041 JftJ
SeoAvTn (Pitts) 5s! S4JftD
Sav Fla ft W est 5s ’34 A AO
Seaboard A L 4s 1 9 5 0 ,.,,
Scab ft Roan 5s. 1920 JftJ
So.Bound 1st 5 s ’ 41. AftO
U u E lL ftP lst4*s’29MftN
Un Ry ft El ls t4 s ’ 49.MAS
Income 4s 1 9 4 9 .,,.JftD
YlrgMId 1st 6s.1006 M&S
2d series 6s .. 1911 MAS
3d series 6s .. 1910 MAS
4th ser 3-4-5s.l021MftS
5th series 5s. 1020 MAS
B id.
fi....
5108
Y e a r ly
Salta
o f the
Wee/c.
Shares
In d icates u n listed .
70%
22*
83
69*
21*
• 82*
5-10
90
89
89*
•89
139 1 3 9 * 139 139
22* 22*
♦22
23
8*
3*
s*
8*
1 4 * 14*
14* 14*
110 117
1 1 6 * 117
4 8 '“ 4 8 *
47* 47*
29
29*
29
»9*
U *
i l * * 1 1 * 12
30
25
25*
26
87
88
87
*
* ........ 90
90
asked prices; BO sale wap
BNACTIVE 8TQCK8
Friday,
Jan. 2 4 .
69*
22
83*
**
09*
21*
83
E x ch a n g es
ACTIVE 8TOCK8.
P r lo c t.
Wednesday Thursday,
Jan. 3 2 .
Jan. 2 3 .
2 6 2 * 263 203
100 107
167
245
•842 245
1
02*103
192*
155
157
155
•182
7 2 * 70
54
54
•144 145
B7
37*
35
34
93* 92*
2 7 * 28
104 U 104.U
210 210 *
74* 74*
3 8 * 13-16
4\
41
31* 33*
30* 35*
47* 47*
101 * 101 *
89* 89*
*38* 38*
14* 14*
04* 94*
4
Tuesday,
Jan. 2 1 .
M onday,
Jan. 20.
S to c k
19 7
Ash.
104
57*
§ ...
§ 1 0 9 * 110
$107
$101
5102
100
5105
5m i d 1 0 8 *
103
98
90
U S * 114*
110
122*
110
no*
118* 114*
119
130
118
116
120
181*
101 *
1 01
108
122
i l 8 12*6 '
118
•m i
105
91
80
118
110
1 1 5 * 110
94
05
121 122
114
114*
....
111
U l*
177
112
48
3 7 * 88
90
100
118
117
80
79
44
45
106
104
110*
112
105
121
121
110 * 110
117 118
1 1 8 * 119
114
84
84*
111
111%
84
80
9 5 * 95%
6 7 * 00
no
115
120
112
1 1 7 * 119
R e c o rd .
Range o f Salta in 1901.
Lowtal.
181 251 Jan. 8
451 1 5 9 * Jan. 1G
238 J nly 8
59 189 Doo. *
288 14 8 * Jam 21
2
41 120 Jan.
2,206 3 7 * Jan. 23
055 45 Feb. 30
90 139 Jan. 19
2,018 2 8 * Jan. 4
555 24 Jan. 29
508 7 7 * Jan. 17
1,882 1 8 * Jan. 29
1 1 8 8 * Jan. 19
20 205
Jan. 2
3,652 09 May 9
114,998 1 2 * Jan. 4
1,806 32 8-10Jan.25
86,995 19 Jan. 4
0,112
0 * J a n . 81
4,505 24% Jan. 81
5,488 78% Jan. 4
102 82 Jan. 4
81,884 2 4 * June 10
1,867 14 Deo. 19
539 9294 Jan. 8
0 0 * Deo. 17
20
Oct. 8
7 0 * Dec. 14
H Deo. 0
H Apr. 26
30,208 108 Deo. 24
727
....1
0 0 113 Deo. 24
1,829 151 Jan. 4
28 535 Deo. 20
4,242 1 5 * Mar. 27
775 10* Deo. 20
140 58 Jan. 30
3,931 20 * Deo. 0
2,808
,,..1
0 0 40 Feb. 11
9,054 33 May 15
080 15 Deo. 4
6 2 * Jan. 21
20 3% Deo. 9
170
Deo. 3
1 * Dec. 30
117 88 Deo. 7
180 1 2 7 * Jan. 4
1,815 2 0 * Dec. 17
11,827
4 * Deo. 4
2,708 10 Dec. 7
540 118 Sept. 18
2,879 3 0 * Feb. 4
1,572 3 3 * Jan. 4
es 10 * Deo. 17
530 38 Dec. 12
25 54 Jan. 1C
60 Jan. 4
15,150
1,050
850
1,000
000
2
Highest
206 Apr. 1ft
190 July 17
248
Apr. 22
200
Apr. 24
102 J ane 19
185 Apr. 8
82* Nov. 16
5 9 * May 10
148 A nr. 28
3 9 * May 1
46 July 1
90 Jane 11
29% May 2
1 0 0 * Dec. 2
2 1 2 * Apr. 29
8)
Apr. 20
28% Deo. 80
4 i * Deo. 80
32 8- 10 Deo.81
3 0 * June 21
5 4 * Sept. 20
1 3 3 * May *
99 May 1
37 Jan.
2
1 8 * Mar. 29
99 Apr. 23
June 18
June 18
June 18
Jan. 12
Mar. 4
June 8
July 19
May 22
Mar. 5
June 11
May 2
July 19
Apr. 12
Aug. 3
Deo. 31
Jan. 2
Apr. 12
Jan. 8
8 % Feb. 18
18 Feb. 13
99 Jan. 2
Apr. 12
140
3 8 * Mar. 5
Feb. 18
June 20
1 2 8 * Jan. 2
4 8 * Nov. 14
SO Sept. 9
17 Mar. 2G
55 Apr. 12
8 9 * Deo. 27
91 Deo. 31
129*
34*
91
2*
*
152*
130
182
800
31*
34*
05*
38*
76
53*
90
79*
7*
BONDS
B id. A sh
B a l t im o r e —Conclu’d.
99
Ya (State) 3s new.’ 32J&J
Fund debt2-3e. 1991 JftJ
100
W est N O con 6a. 1914 JftJ 119
Wes t Y aCftP 1at6g. ’ 11 JftJ 1 1 4 * 114%
WU ft W eld 5s.. 1985 JftJ 120
B o n d s— P h ila d e lp h ia
Alle Y y B ext7a 1910A&O 1 3 2 * 124
30% 8 0 *
Asphalt Co 5a tr otfsl949
Atl City 1st 5a g ..’ 19 MftN 118
95
Balls Ter 1st 5b. 1926 JftD
’ IKK
Berg&BBrewlst08,21J&J 101
Cambria Iron 6s. 1917 JftJ
53
ChesftD Canlst5s.’ 10 J&J
Choo&Mem 1st 5s1949JftJ l i e
Choc Ok&G gen 5s’ 19JftJ
now
Cit’s’ StRy(Ind)con 5s.‘S3
11a
Coluxn St Ry 1st con 5s.’ 82
Con Trac of N J 1st 5s..’3c n o * •« , a, i
Del ft B Bk 1st7a.’05 FftA
Haot&A 1st M 5s.’20 M&?v 1 1 4 * ••••ll
Edison Elec 5s stk tr ctie ,»,»•
Elecft Peop’s Tr stk tr ctfs
9 8 * 00*
Hlm&Wilm 1st 6a.’ 10 JftJ
Income 5 s ....2862 AftO 107
Bq 111 Gas-L 1st g 5s. 192b 1 0 7 *
Hestonv M ft F con 5s.’24 . . . . .
112
Hft B Top con 5s.’25 A &0 110
85
86
Indianapolis Ry is . .1933
Lehigh Nav 4 * s . , ’ 14 Q-J 111
RR 4a go.......... 1914 Q-F <«««••
Gen M 4 * s g . . 1924 Q-F 110
Leh V C’l 1st 5s g.’3S J&J 1 0 0 *
120
Leh Yal ext 4s. ,1948 J&D 117
L28
2d 7s......................... 1910 Mftb
Consol 0s........ 1923 J&D 135
Annuity 0 a . . J & D
•'0 1
11
Nat Asphalt 5^.1951, J&J
New’k Con Gas 5s ’ 48 JftD
Newark Pass con 5s.l93C u e *
NYPhil&Norlstis ’39J&J
• ... • Ki l l
84
Income 4 s ... 1930 MftN
»I , •I
No Penn 1st 4a..’30 MftN
Gen M 7s......... 1903 J&o 1 0 8 * 104
Penn gen 6s r ...l 9 1 0 Yar
Consol 6s 0. . . . 1005 Yar 108*
• Consol 5s r . , . . 1919 Yar 123
110
Penn ft Md Steel oon 0s.
Pa ft N Y Can 7s..’O0 J&D
Cons 5 s .,,.,,1 0 3 9 AftO iO 0 *
90
Cons 4s.........1039 A&O
Penn Steel lat5a.’ 17 M&N •*»•••
People’s Tr tr oerts 4s.*43 105
97*
Phlla Bleo gold trust otf s
59
Trust oertfs 4 s . . . . . . . , ,
Ph&Br gen M 5g.’20 A&O 183
Gen M 4s g. .1020 A&O 1 0 8 *
134
Ph ft Reed 2d 6s.’33 AftO
Consol M 7s. .1911 JftD 187
131*
Con M 0s g . . . 1911 JftD
E x tl mp M is g.’47 AftO 1 0 8 *
Con M o f ’82 4a.’ 87 J AO
Terminal 5s g.1941 Q -t 125
P W il ft Balt 4s. 1017 AftO
Coliattrust 4s.1021 JftJ 108
98* 08*
Read Co gen 4s, 1097 JftJ
Rochester Ry con 5s. 1930
*
SchRBSidelstSs g’85JftD
Scran Trac 1st 6s ‘ 32M&N
UnTraoPitts gen5»’97J &J
04
Welsbach s f 5s 1980. JftD
lAnd interest.
♦Price Includes overdue COUDO ns.
110
THE OHRONIOLK.
198
%xwz&Uumt
ami Railroad
R A IL R O A D
[You LXX1V
%utz\\iQmtz.
EARNINGS.
liit) following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
rau be obtained. The first two oolumns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from J ul y 1 to and including such latest week or month.
The returns of tlte street railways a r e brought together separately on a subsequent page,
N o ti c e t I m a g e - Our yearly totals now all date from J u l y I.
Latest Uross harnings
roads
Week
or Month
A d iron d a ck . . . N ovem b er
Aiu. G e Southern 2 d wk Jan.
A la N O Si> i extti* P a c Juuiv
N O A N o E ast. 4th wk D ec
A la <$> VUUsb’g 4 th wk Dec
V ioksb fih A P. 1th wk Dec
A nn A r b o r ........... 3 d wk J an.
A nn Whie>li A Hal. N ov em b er
A tch T o p A S F e. N ov em b er
A tla iita A ( lia r .. O c t o b e r ..
A tl k u o x v A N o. D ecem ber.
A tla n tic A B irin D ecem b er
A tl C oast L in e ... N ovem ber
A tl V ald A W est. D ecem b er
B a lt A A n n S L .. N ov em b er
B alt A O h io ___ > D ecem ber.
B A O S ou th w . i
B a n g or A A roost N o v e m b e r
B ath A Ham m o n N o v e m b e r
B e lla Z a n e s A Gin O ctob er. ..
B e lle fo u te C eu t’ l D ecem b er.
B rid g t A S aco K. N ovem ber
BulT A ttic a A A rc N ov em b er
B u ll R o ch A t i ts 3 d wk Jan.
N ovem ber
B u ffa lo A S u s q
B u rl C R ap A No D ecem b er.
C anadian P a d lie 2 d wk Jan.
O ent’ l o f G eorgia 2d w k Jan.
C en t’ l N ew L a g . . D ecem b er
C ent’ l o f N Jersey N ov em b er
C entral P a c ih c .. O ctober.
C hattan S outh’ n. 1st w k J a n
C hesap A O h i o ... 2 d wk Jan.
C hic A A lto n R y . N ov em b er
C h ic B u rl A Quin N ov em b er
C hic A 12 Illin o is . 2 d w k Jan.
Ohio G t W estern . 2d wk Jan.
C hic In d A L ’ v . .. 2d wk Jan.
C hic M ilw A St F 4 th w k D ee
Chic A N orth W ’ n D ecem b er.
Ohio P eo A S t L .. D ecem ber.
C h i c R I & P a c . . . N ovem ber
C hic St P M A O . N ovem ber
C hic T erm T r HR 2d w k J an.
C h oc O k l A G u lf. 2 d w k J an.
O in N O A T P a c . 2 d w k Jan.
Cl C in G h A St L. 2d w k Jan.
P e o ria A E a st’n 2 d w k Jan.
C lev L o r A Wheel D ecem ber.
C olora d o A South 2 d w k Jan.
C ol N ew b A L au . N ov em b er
C ol Sand A H ock 4th w k D e c
C orn w a ll A L e b .. N ovem ber*
C um berl d VaLey N o v e m b e r
D e n v e r A R io Gr 2d w k Jan.
D e tro it Southern. 1st w k J a n
D e t A M a ck in a c. N ov em b er
D n l So 8h A A t l.. 2d w k Jan.
E St L A C a ron d . D ecem b er.
N ovem ber
E r i e ............... .
E v a n s v A In dian 2 d w k Jan .
E v a n sv A T H . 2d w k Jan .
N ovem ber
F a rm v A P ow li
F t W A D en v City N ovem ber
G eorg ia R R ......... N ovem b er
G a S ou th A F la .. D ecem b er.
G i l a V a l G A N . . N ovem b er
G r T ru n k System 2 d w k Jan .
G r T r A W e st’n 1st w k Jan
D e t G r H A M . . 1st w k Jan
G rea t N orth ’ll —
St P M in n A M . D ece m b e r.
E a st’ n o f M in n . D ecem ber.
M on ta n a C en t’l D ecem b er.
T o ta l sy stem . D ecem b er
H ock in g V a lle y .. 2 d w k Jan.
H ou s A T e x Cent O c t o b e r ...
D ecem b er.
Illin o is C entral
Illin o is Southern D ecem b er.
In d D e c A W e st’ ll J u ly ...........
In d 111 A I o w a .. . O c t o b e r ...
In t A G t N orth ’ ll 2 d w k Jan.
iv fc ja n 4..
I n te r o c (M ex)
I o w a C e n tra l___ 3d w k Jan.
Ir o n R a ilw a y ___ D ecem ber.
K a n a w h a A M ich 2 d w k Jan.
K a n C ity S ou th ’ n N ovem b er
L ehigh A H udson D ecem b er.
L eh igh V a l R R . O c t o b e r ...
L eh V al C oal C o. O c t o b e r ...
L e x in g A E a st’ n . N ov em b er
N ovem b er
L o n g Is la n d .
L ou H en A St L .. D ecem b er.
L o u is v A N ashv 2 d w k Jan.
M a con A B ir in ... D ecem b er.
O ctober. ..
M an is A N o J
D e ce m b e r
M a n is tiq u e ..
M ary lan d A Penn N ovem ber
{M e x ica n Central 2d w k Jan.
M e x ica n in te rn ’ l N o v e m b e r
1M ex ican N at’ l . . 2d w k Jan.
{M e x ica n R y .
W k J a n 4..
M e x ica n S ou th ’ * §4 th w k D e c
Current
rea r
$
Hi, 143
50,41)0
Previous
Year
$
13,042
47,921
Jul y 1 to Latest Vats
Current
year
Precious
yea r
*
9 2 .7 5 5
1,3 4 7 ,5 4 9
*
83,773
1 ,1 8 9 ,1 2 0
5 8 ,0 0 0
6 1 ,0 0 0
9 9 8 ,9 1 5
41 ,0 0 0
39 ,0 0 0
530 ,3 8 5
47 ,0 0 0
3 7 ,0 0 0
516 .7 6 9
34,048
28,367 1,065,317
0,793
5,235
38 ,2 6 3
5,4 3 9 ,5 7 9 l,7 7 9 ,0 9 o 25,5 4 7 ,3 0 4
278 .8 8 5
995 ,5 2 8
273,771
45 ,5 0 8
39,517
308 ,0 9 8
60,630
11,873
6,3 1 8
60 0 ,2 0 8
619 ,1 0 9 3 ,1 2 4 ,8 2 8
18,985
21,198
131,058
4 6 .8 6 4
8,085
9,171
4 ,2 0 9 ,5 7 5 4,0 7 6 ,0 2 6 2 6 ,0 3 6 ,9 1 0
6 9 3 ,0 9 0
140,311
113 ,6 7 3
5,043
5,997
19,576
15,952
19 ,4 9 9
4,422
4,808
29,508
3,089
3,9 2 4
20 ,3 0 3
2,110
2,829
1 12,800 1 0 4 ,7 1 4 3 ,6 7 2 ,3 1 0
7 5 ,8 2 3
68.218
3 6 4 ,0 5 5
4 0 0 ,8 1 0 4 1 4 ,6 3 4 2,8 8 2 ,8 9 2
0 2 7 ,0 0 0 4 5 9 ,0 0 0 2 1 ,0 8 4 ,8 1 7
1 73,260 145 ,7 1 0 4 ,3 7 5 ,6 7 0
317,763
4 8 ,9 2 6
65 ,5 4 5
1,513.047 1,380,267 7 ,4 8 0 ,1 0 6
1,935,455 1,872,638 7 ,6 7 5 ,5 9 2
1,619
1,453
49 ,2 7 7
3 2 2 ,8 9 0 282 ,2 7 7 9 ,0 5 6 ,2 1 5
81 3 ,5 0 2 7 2 1 ,0 3 6 4 ,1 4 2 ,3 3 2
1,590,205 3,9 6 5 ,7 8 6 2 4 ,2 2 3 ,6 6 4
144,374 120,726 3 ,4 1 9 ,6 7 8
1 41,728
110,217 4,281,001
70,241
7 2 ,5 6 5 2 ,5 0 7 ,7 2 0
1,353,377 1 ,247,299 2 4,386,248
3 ,018.773 3 ,2 9 3 ,0 3 4 24,6 7 1 ,0 0 2
119,334
132,161
7 3 0 ,3 5 8
2 ,4 8 9 ,1 8 8 2 ,1 3 6 ,2 6 6 1 3,924,546
1,079,878 9 2 5 ,4 0 4 5,3 9 1 ,6 4 7
3 0 ,7 4 0
8 5 3 ,1 6 8
25 ,7 3 8
*112,133
*85,136 *3 ,3 3 5 ,0 8 0
9 7 ,5 0 4
83 ,8 2 8 2 ,943,241
31 9 ,2 4 1
300 ,1 8 7 1 0,606,432
4 5 ,5 0 3
4 8 ,8 3 3 1,4 1 1 ,7 8 2
1 83,776 141,217 1,3 4 8 ,2 1 9
9 2 ,0 8 0
80,105 2,9 9 1 ,7 0 7
14,921
14.928
7 2 ,0 2 3
29 ,5 7 8
20,846
6 3 1 ,5 6 3
28 ,7 0 0
1 3 .9 6 0
162 ,8 6 9
95 ,8 2 3
5 1 8 .9 6 7
90,231
2 2 1 ,6 0 0
182 ,0 0 0 6 ,7 3 9 ,2 6 8
2 4 ,0 3 4
6 6 4 ,9 8 7
22,898
6 3 ,1 6 0
55,334
3 3 1 ,3 1 0
4 1 ,4 5 8
3 4 ,9 4 0 1 ,4 5 9 ,9 5 5
12,192
82 ,8 0 9
13 ,9 4 8
3 ,5 4 5 ,2 2 0 3,1 6 9 ,5 2 4 18,2 1 7 .3 7 3
6,191
5,088
184 ,9 3 5
26,732
2 7 ,5 7 7
8 1 0 ,8 3 6
6,625
4,189
30,026
2 2 1 ,2 1 4 195,247
9 3 5 .1 7 4
1 8 7 ,6 6 4
163,361
836,862
10 9 ,9 5 7
633 ,2 3 2
109 ,3 9 6
36,081
32,679
152,887
51 2 ,4 4 3 4 9 2 ,4 0 2 1 6 ,2 6 8 ,1 3 4
90,115
9 2 ,5 9 7 2 ,2 5 4 ,7 0 8
24 ,5 0 8
19,894
6 3 8 ,7 9 6
9 8 3 ,0 0 4
465,966
4 5 5 ,1 8 1
9 7 1 ,5 5 4
2 6 ,6 7 7
22,1 8 9 ,9 8 7
9 5 9 ,1 7 6
244 ,5 9 2
32 ,7 3 7
3 ,< 0 4 ,2 0 5
109,389
4 0 ,7 5 4
2 ,752,577 2 ,0 1 3 ,8 0 4
3 6 8 ,9 8 7 251,061
1 10,708
203,007
3 ,2 3 2 ,2 7 2 2,4 6 7 ,8 7 2
88 ,0 8 6
84 ,4 9 8
6 0 1 ,4 7 7 7 4 0 ,6 4 3
3 ,3 9 4 ,1 1 8 3 ,2 6 7 ,7 0 6
11 ,2 7 7
8,550
55,928
59,698
1 47,090 108,943
9 7 ,4 1 4
97 ,7 1 7
7 9 ,8 0 0
7 6 ,8 0 0
52 ,2 3 4
5 0 ,8 7 0
6,621
4 ,3 2 4
21,232
16 ,8 9 0
4 6 8 ,9 4 4 380 ,0 3 8
25,441
39 ,3 7 6
2 ,894,058 1,645,123
2 ,138,415 6 7 9 ,0 0 0
2 9 .3 7 4
23,825
In c. 52 ,215
58 ,4 8 4
54 ,0 7 6
6 1 3 ,6 9 5
572 .3 0 0
9,361
12,027
26,634
27 ,8 3 3
4.801
3,078
21,718
20,415
359,431
338,785
56 6 ,5 8 3 4 9 3 .6 7 0
139,749, 130 ,9 1 4
9 2 ,5 0 0
7 4 ,7 0 0
21.621
22,623
1 6 ,5 9 7 ,1 9 6
3 ,1 0 5 .1 7 7
857 ,5 4 2
2 0,559,915
2 ,8 8 0 ,9 6 0
1,9 2 7 ,3 6 7
2 0,616,022
7 0 ,6 9 0
59,698
562,796
2 ,8 1 5 ,2 0 4
1,9 8 1 ,2 7 0
1,428,281
39 ,6 0 6
581 .7 0 7
2,1 5 1 ,7 3 6
190,719
10,087,553
6 ,9 2 1 ,1 0 0
1 6 8 ,4 7 4
In c. 36
3 5 4 ,6 3 4
16,3 1 3 ,7 7 4
6 4 ,4 1 4
1 2,407,856
2 ,2 7 4 ,5 5 3
1,0 7 7 ,8 6 0
1 5,760,269
2 ,6 1 6 .8 6 4
1 ,885,236
1 8 ,4 5 6 ,7 0 0
59 ,9 8 5
55,928
4 0 0 ,3 9 2
2,8 1 3 ,5 1 7
2 ,0 3 9 ,2 5 0
1 ,312,415
26 ,4 8 6
4 8 3 ,4 0 6
1,8 4 7 ,0 1 7
2 2 3 ,4 3 4
8 ,0 2 3 ,6 3 3
6,1 5 3 ,7 1 8
145,867
5,926
3 3 9 ,0 9 7
14,9 4 3 ,9 4 0
55,368
34,479
3 8 ,5 3 4
9 ,3 2 5 ,4 5 8
2 ,4 8 3 ,6 4 9
3,9 5 7 ,8 4 6
2 ,2 1 5 ,0 0 0
407 ,5 3 3
8 ,8 6 9 ,0 2 7
2 ,2 3 2 ,1 2 0
3 ,9 0 8 ,1 6 3
2 ,1 8 2 ,4 0 0
3 7 4 ,8 2 5
2 3 ,5 5 6 ,3 7 7
5 9 6 ,0 8 7
23,951
19,981
19 ,2 9 3
3 .2 4 9 ,6 8 3
302 ,9 9 9
2,6 1 0 ,5 8 7
17.197,042
3 ,9 3 3 ,1 0 0
3 6 9 ,4 3 4
6 ,5 3 7 ,9 3 5
7 ,2 4 8 .7 6 4
5 4 ,1 1 0
8 ,4 8 0 ,9 7 4
3,9 7 2 ,1 0 1
2 2 ,3 5 5 ,0 4 3
3 ,1 0 4 ,9 1 0
3 ,8 2 3 .2 9 0
2,2 4 3 ,7 0 8
2 2 ,3 9 3 ,2 5 4
2 2 ,4 7 2 ,4 8 7
7 0 9 ,4 6 1
1 2,112,523
4 ,9 5 0 ,5 2 6
7 6 5 ,9 2 5
*2 ,3 1 3 ,0 8 1
2 ,6 3 2 ,0 6 7
9 ,8 7 2 ,9 2 5
1 ,303,361
1 ,0 1 9 ,2 4 6
2 ,6 3 1 ,9 0 2
7 0 ,8 1 7
5 3 4 .7 5 3
105,826
4 7 4 ,5 6 0
6 ,4 4 8 ,7 6 0
613 ,8 7 9
3 3 6 ,9 2 0
1 ,3 7 9 .1 5 4
7 5 ,8 6 2
16,146,043
188,833
7 9 5 ,9 1 5
2 7 ,6 5 0
896 ,5 6 3
7 7 7 ,1 3 4
6 1 3 ,0 3 3
156 ,0 3 4
15,5 3 3 ,5 7 6
2 ,2 0 5 ,4 8 9
5 8 9 ,3 2 6
1
L a te s t G r o s s L a m i n g s
ROADS
W eek
o r M o n th
M ilieu A S o’ w ’ n. N ovem b er
N ov em b er
M in eral R ange
Mi lineup A 8 t L 3d wk Jan.
M St P A 8 St M 2d w k Jail.
Mo K a n A T e x a* 2d wk Jau.
Mo P a c A Iron M i 3 d wk Jail.
C entral B ranch 3 d wk Jan.
T o t a l.............. 3d w k Jan.
M ob J a ck A K C W k J a n . 18
M obile A O h io. V D ecem ber.
M ont A M ex G ull N ov em b er
Nash Oh A St L a D ecem ber.
N e v -C a l-O re ___ D ecem ber
N evada C entral. O c t o b e r ...
N Y C & H u d Riv D ecem b er.
N V O u t A W est. N ov em b er
N Y Susq A West N ovem b er
N orfolk A W est’ ll 2 d wk Jan.
N orthern Central N o v e m b e r
North*n P a cific, d 2 d w k J an.
O hio
A
L ittle
K a n a w h a ......... S ep tem b er
P a cih c C oast Co N ovem b er
P e n n —E a stP A E N ovem b er
N ov em b er
WestPAE
Pere M a rq u ette. 2 d w k Jan.
Phil a A E r ie ___ Novem ber
Pliila W llm A B
N ovem ber
P in e B lf.A A rk .R . O c t o b e r ...
Plttsb C C A St L N ovem ber
Plttsb A W est’ n O cto b e r. .
P lttsb C l A T o! O c t o b e r ...
P ittsb Pa A F . O ctob er. ..
T o ta l sy stem .
2d w k Jan.
Plant S y s t e m A la M id lan d .
B run s A W ’ n. ►N ov em b er
C has A S a v . ..
8 a v F la A W .
SilSOc&G..
R eadin g C o .—
P h il A R e a d ... N o v e m b e r
C oal A i r C o ... N ov em b er
T o t b o th C o’ s. N ov em b er
R ich F r’ ksb A P O ctob er. ..
R io G ran d e J e t. O cto b e r ..
R io G ra n d e S o .. 2 d w k J a o.
R io G r’ d e W e s t . D ecem b er.
R u t la n d ............... Dec,ember
St J o s A G r I ___ D ecem b er
St L a w re n A A d ir 2 d w k Jan.
S t L K e n ’ et A So D ecem b er.
S tL A N A r k .... N ovem ber
St L A San F ran a 2 d w k Jan.
St L S o u t h w e s t . 2 d w k J an.
S t L V a n A T H . D e ce m b e r
San A n t A A P . . N ovem b er
San F ra n A N P. D ecem b er.
San P e d ro L o s Angeles A S ait L. N ovem b er
8 F e Pros A P l i .. 2d w k D eo
Sav F la A W est. N ovem b er
S eaboard A ir L. 2 d w k Jan.
So C A G a E x t .. D ecem ber.
So H a v e n A E a st D ecem b er.
S ou th ern In d . . . D ecem b er
So M iss A A rk .. D ecem b er.
So P a c ih c C o b .. N ovem ber
Cent P a c ih c ... O ctob er. ..
G al H a r A S A . O ctob er. .
G al H o u s A N o S ep tem b er
G u lf W . T. A P O ctob er. ..
H o u s .E . A W .T . O ctob er. ..
H ou s. A Slirev. O ctob er. .
H o u s A T e x Cen O ctob er. .
L o u is’ a W e s t .. O c t o b e r ...
M org a n ’ s L A T O c t o b e r ...
O ctob er...
N Y T A M ex
T e x A N O r l ... O c t o b e r ...
S o P a c o f Cal . O c t o b e r ..
So Pae o f A riz . O c t o b e r ...
So P a c o f N M O ctob er.
S outhern R a ilw ’ v 2d w k Jan.
T erre H A In d .. D ecem b er.
T erre H A P e o r . D ecem b er
T e x a s C entral .. 1st w k Jan
T e x a s A P a cih c. 3d w k Jan.
T e x S V A N W . D ecem b er.
T o l A O hio C ent 2d w k Jan.
T o l P A W est . . . 1st w k J a n
T ol S t L A W . . . . 2d w k Jan.
T o r H aiti A B u ff , 1st w k Jan
Onion P a c R R . ;
O reg R R A N
N ov em b er
O reg Sh L in e.
W a b a s h ________ 3d w k Jan.
W J ersey A Sea e N ov em b er
W V Cen A P itt .. S ep tem ber
W heel A L E . . . . D ecem b er.
W ich ita V alley.. N ovem b er
W iscon sin C ent. 3 d w k Jan.
W righ tsv A T ’n . D ecem b er.
Y a zo o A M iss V. - D ece m b e r.
Cu r ren t
Y ear
P r e v io u s
Y ear
Jul y I to L u te si Vats
C u rren t
Y ear
$
$
$
3,254
48*040
260,487
48,927
63,015
59, i 10 2,029,187
81,905
64,959 3,55 1,662
301,942 279,997 9 ,5 3 4 ,4 2 9
6 5 2 ,000 6 2 2 ,000 21 ,1 4 1 ,0 0 0
7 6 2 ,000
15,000
22,000
0 6 7 ,000
614,000 2 1 ,973,746
87,775
3,196
2,551
5 5 3 ,7 0 0 584,700 3 ,1 2 2 ,8 0 0
100,363
601,488
113,607
022,578
631.636 3,91 3 ,2 1 8
88,569
9,079
11,218
13,899
4,808
4,184
5 ,6 9 0 ,1 2 0 5,601,381 37,804,088
5 0 1 ,422
460.365 2,62 8 ,9 3 2
249,945
2 2 5 ,875 1,248,611
3 2 6 ,835
299,871 9,210,488
742,937
7 7 2 ,5 3 7 3,673,214
658,212
5 3 2 ,902 24,120,433
P r e t) i o n s
Y ear
$
2 7 4 .1 2 9
1,822,868
2,44 4 ,1 0 9
8 .5 2 5 .9 7 0
18,785,000
7 8 6 ,0 0 0
19,541,088
7 5 ,2 8 5
3 ,1 2 6 ,0 7 6
5 6 9 ,8 4 7
3 ,8 4 9 ,4 1 7
85,117
1 2 ,4 8 8
31 ,4 6 4 ,3 2 3
2 ,1 0 0 ,2 4 2
9 0 3 ,4 0 8
8 ,7 0 1 .2 6 3
3 ,2 8 8 ,7 1 4
19,119,142
48,207
4 6 ,1 2 4
16,991
16,428
433,294 4 2 7 ,8 3 3 2,385,116 2,42 8 ,4 6 5
8,073,521 7.78 8 ,5 2 4 40,662,297 3 6 ,937,097
I n c . 4,2 20,300
I n c , 8 / 3,400
160,730
145,820 5,176,721 4 ,6 7 8 ,4 4 0
014,481
615,541 3,308,981 2 ,6 7 3 ,8 4 3
990,559 9 6 4 ,4 5 9 5,120,535 4,93 8 ,3 3 5
3.598
5 979
1,871,493 1,588,262 9,153,601 7.907,921
910,3 SI
7 5 8 .2 5 0
244,738 2 1 4 ,4 6 3
565,275
4 1 4 ,608
135,300
109,706
2 0 5 ,2 6 2
196,641
36,912
38.140
64,003
62 .2 0 1 2,348,434 2 ,0 9 2 ,9 3 2
744,184
678,419
3,173,132
3 ,0 2 2 ,3 7 0
2,666,265 2,476,476 12,832,984 11,424,176
3,03 4 ,5 4 5 2,530,148 12,821,381 10,826,344
5,70 0 ,8 1 0 5,006.624 25,654,365 2 2 ,2 5 0 ,5 2 0
340,095
308,761
82,694
89,827
222,067
2 2 2 ,1 9 3
61,462
62,979
3 1 9 .650
3 1 0 ,4 9 2
9,472
• 10,108
4 4 6 ,100 365,200 2,768,847 2 ,5 4 2 ,1 0 0
1,132,818
7 3 5 ,7 3 6
6 9 8 ,9 8 3
93 ,1 5 4 114,945
5,902
4,839
85,361
70 ,8 2 7
12,948
13,803
4 1 .3 5 6
104,218
7 ,0 2 4
24,058
404,034 3 5 2 ,236 11,937,095 10,139,546
140,330 4 ,1 2 3 ,1 8 3 4 ,1 4 3 ,2 6 7
135,669
164,191
159,068 1,07 7 ,7 6 9 1,00 6 ,9 4 6
250,311
287,281 1,184,332 1,206,227
6 2 8 ,620
5 6 8 ,595
85,526
75 ,4 5 8
18,000
19,743
/7 4 4 ,1 8 4
211,479
23,289
4,115
48 ,6 7 7
22,283
7 ,4 8 4 ,2 3 3
1,935,455
6 8 5 ,328
40,887
13,773
96,842
23,522
601,477
177,346
836,647
38,577
257,519
1,911,618
400,658
237,487
7 3 3 ,539
131,698
50,412
12,154
249,115
18,500
55*710
19,975
46,617
7,595
9 ,4 1 8
4 4 8 ,9 3 6
4 1 9 ,3 7 9
19,568
/6 7 8 .4 1 9 f 3 ,173,132 / 3 ,0 2 2 ,3 7 0
219,212 6,03 9 ,7 1 5 5,65 2 ,3 4 5
141,555
136,040
25,616
4 7 ,9 7 1
42,251
3,848
1 9 2 ,631
3 1 7 ,3 7 3
31,103
121,259
1 0 4 .393
15,783
6,727,799 36,322,497 3 2 ,1 8 0 ,7 9 4
1.872,638 7 ,6 7 5 .5 9 2 7 ,2 4 8 ,7 6 4
650,211 2,414,690 2,13 5 ,4 5 8
106,634
7 4 ,1 7 7
19,875
5 1 ,0 3 7
17 ,6 9 4
59,581
300,152
2 5 7 ,0 6 5
92,028
72 ,2 8 2
55,785
20,589
740,643 1,927,367 1 ,8 8 5 ,2 3 6
6 0 6 ,036
5 1 4 ,752
158,317
809,099 2,787,718 2,455,691
9 0 ,6 9 7
131,796
30,528
9 8 1 ,695
8 1 7 .437
244,171
1,723,145 7 ,2 9 4 ,3 3 0 6 ,2 7 1 ,8 9 4
332,264 1,388,122 1 ,1 4 6 ,4 1 0
824,937
6 2 6 ,9 9 9
179,009
681,239 20.343,424 1 9 ,354,742
846,237]
8 3 0 ,1 4 7
133,488
2 8 1 ,6 4 2
48,521
3 0 0 ,085
393
17,120
363,376
249,221 6,882,331 6 ,3 7 4 .4 2 7
14,000
86,800
7 3 ,5 0 0
48,672 1 ,5 8 9 ,9 8 8 1,400,687
6 2 4 ,100
626,4 U)
20,268
53,889 1,415.431 1,235,897
263,984
2 0 2 ,1 0 0
8,713
4,438,497 3,829.513 2 1 ,548,859 19,910,992
393,907
217,163
102,167
253,579
9,586
97,000
14,116
630,607
3 5 3 ,660 11,063,182 10,115,479
206,563 1,972,932 1.87 4 ,9 3 2
809,5vS8
286,546
95,338
251,681 1,78 8 ,6 0 5 1,547,246
6,988
91 ,6 5 0 3, SI 5.559 3,012.7 85
89.826
75,069
15,828
7 3 7 ,959 3,37 6,612 3.186,
§ C o v e rs resu lts o n lin es d ire ctly o p e ra te d e a st o f P ittsb u rg .
* F ig u res fr o m D e ce m b e r I a re lo r the ra ilroa d o n ly . { M e x ica n cu rren t^ .
a In clu d e s P a d u ca h A M em p h is D iv is io n fr o m J u ly 1 in b oth years.
b In clu d e s th e H o u s to n A T e x a s C entral and its su b sid ia ry lin es. E a rn in g s ol th e C ro m w e ll S team sh ip Line, n o t p re v io u sly r e p o rte d , are
n o w also in clu d e d .
c R esu lts o n M o n tg o m e ry D iv is io n a re in clu d e d in both years.
d In clu d e s St. P au l A D uluth fo r Dot u veavs
e In clu d e s resu lts o n Sher. Slirev. A S ou th ern, M o. M idland a n d San A n to n io e x te n sio n fo r this y ear, b u t n ot fo r last > ear.
r T h e s e ttguve*
a re th e resu lts o n th e A la . M id la n d , B ru n sw iok A W estern , C h a rleston A S avan n ah , S a v a n n a h F la. A W est’ n an d S ilv e r S p rin gs i W l a A Gul f.
g T hese tigures in clu d e, b esid es th e St. L ouis A San F r a n o lso o p r o p e r , th e K a n . C ity F t. S c o tt A M em p h is an d Ft* W o rth A R io G ran d e.
THE CHRONICLE
J anuary 25, 1902.]
Totals fpr
F IbchI
Year.
In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
atill have their own fiscal years. These with their dates are
brought together in the following.
L a ten t G r o t s E a r n i n g s .
R oads .
For the first week of January our final statement oovers
57 roads, and shows 9*85 per cent Increase in the aggregate
over the same week last year.
1s i w e e k o j J a n u a r y .
1902.
1901.
In crea se.
9
9
P r e v io u s ly r o p ’ d (5 2 r ’ ds)
J n t e r o o e a n lo ( M e x . ) ........
M e x i c a n R a i l w a y ...............
S t, L a w . & A d i r o n d a c k
XiiXftB C e n t r a l .......................
T o r o n t o H a m . A B u ffa lo .
8 ,4 8 1 ,8 2 4
7 0 ,8 0 0
9 2 ,5 0 0
4 ,4 2 4
1 2 ,1 5 4
7 ,5 9 5
7 ,7 4 8 ,6 8 8
7 9 .8 0 0
7 4 ,7 0 0
4 ,3 7 3
1 7 ,1 2 0
8 ,7 1 3
8 4 4 ,6 9 7
T o t a l ( 5 7 r o a d s ) ...............
N e t ln o r e a s e ( 9 -8 5 p . o . ) .
8 ,6 7 5 ,2 9 7
7 ,9 3 3 ,3 9 4
8 6 2 ,4 4 8
7 4 1 ,9 0 8
D ecrea se.
9
1 1 1 ,4 6 1
3 ,0 0 0
1 7 ,8 0 0
51
4 ,9 6 6
1 ,1 1 8
1 2 0 ,5 4 5
P erio d .
A t l a n t a & C h a r lo t t e A i r L i n e .
B e l l e f o n t e C e n t r a l .......................
B u r lin g t o n C e d a r R a p . & N o.
C e n t r a l o f N e w J e r s e y ..............
O h lo a g o & N o r t h - W e s t e r n . .. .
C h ic a g o R o o k I s la n d & P a o . .
O h io . S t. P . M in n . & O m a h a ..
C h o c t a w O k la h o m a & G u l l . .
C u m b e r la n d V a l l e y . . — .............
E a s t S t. L o u is & C a r o n d e le t .
F t . W o r t h & D e n v e r C i t y ........
In te r n a tio n a l & G t. N o r th ’ n .
L e h ig h V a l l e y R R ........................
L e h ig h V a l l e y C o a l .....................
"M a n is te e & N o r t h E a s t e r n . . .
M a n ls t lq u e .......................................
M e x i c a n C e n t r a l ..........................
M e x ic a n I n t e r n a t i o n a l .............
M e x i c a n N a t i o n a l .......................
M e x ic a n R a i l w a y ........................
M e x io a n S o u t h e r n .......................
M is s o u r i P a c i f i c .............................
C e n t r a l B r a n c h .........................
T o t a l . . . ......................................
M o n te r e y & M e x ic a n G u lf....
S o r t h e m C e n t r a l.........................
P e n n s y l v a n ia , E a s t o f P . & E .
W e s t o f P . & E .............
P e r e M a r q u e t t e .............................
P h ila d e lp h ia & E r i e ...................
P h lla . W llm ’ g ’ n & B a lt i m o r e .
P it t s . C ln c ln . C h ic . & S t. L . . .
B i o G r a n d e J u n c t i o n .................
S t. L . V a n a a l l a & T e r r e H ___
S o u t h H a v e n * E a s t e r n ...........
S o u t h . M is s o u r i & A r k a n s a s ..
T e r r e H a u t e & I n d ia n a p o lis ..
T e r r e H a u t e & P e o r i a ...............
T e x a s & P a c i f i c .............................
W e s t J e r s e y * S e a s h o r e .. ____
A pr.
Jan.
Jan.
Jan.
June
A pr.
Jan.
N ov.
Jan.
Jan.
Jan.
Jan.
D eo.
D eo.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
A pr.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
N ov.
Jan.
D eo.
N ov.
Jan.
Jan.
N ov.
N ov.
Jan.
Jan.
:
:
:
'
:
:
:
:
:
:
:
:
:
.
:
:
:
:
O o t.
D ec.
D eo.
N ov.
D eo.
N ov.
N ov.
Jan.
N ov.
D eo.
N ov.
Jan.
N ov.
N ov.
O ct.
D ec.
Jan.
N ov.
Jan.
D ec.
D ec.
Jan.
Jan.
Jan.
N ov.
N ov.
N ov.
N ov.
Jan.
N ov.
N ov.
N ov.
O ct.
D eo.
D ec.
D ec.
D eo.
D ec.
Jan.
N ov.
31
31
31
30
31
30
30
14
30
31
30
14
30
30
31
31
14
30
14
28
31
21
21
21
30
30
30
30
14
30
30
30
31
31
31
31
31
31
21
30
C u rren t
T ea r.
P r ev io u s
T ea r.
1 ,6 4 0 ,8 2 0
5 2 ,0 0 5
5 ,2 3 8 ,8 2 8
1 5 .5 7 3 ,7 2 4
2 8 ,5 8 4 ,1 0 3
2 0 ,2 4 8 ,8 0 7
1 0 ,2 1 6 ,1 4 2
1 ,2 1 4 ,2 2 0
1 ,0 1 4 ,8 7 4
1 6 1 ,7 7 9
1 ,9 5 6 ,0 0 6
1 8 4 ,1 3 1
2 6 ,6 8 3 ,5 3 4
2 1 .8 1 0 ,5 8 3
2 9 0 ,3 4 6
9 3 ,3 1 2
7 1 5 ,1 5 2
5 ,4 1 8 ,7 8 6
2 7 2 ,8 8 5
4 ,3 2 7 ,0 0 0
6 5 5 ,3 4 6
1 ,8 2 3 ,0 0 0
4 1 .0 0 0
1 ,8 6 4 0 0 0
1 ,2 7 6 ,3 8 7
7 ,6 2 4 .1 0 8
8 5 ,4 9 3 .0 0 8
I n c . 5 .1
30 4 228
6 ,2 9 3 .6 4 8
9 9 0 ,5 5 9
18 9 0 4 658
5 2 2 ,2 5 7
3 4 0 ,9 3 2
6 6 ,7 7 2
2 2 6 ,7 3 5
2 7 1 ,1 6 5
9 7 ,5 2 9
716 253
3 .4 6 5 ,5 8 4
1 ,4 7 2 .5 1 5
4 3 ,9 5 0
4 .8 4 8 ,2 8 1
1 3 ,9 2 7 ,5 2 5
2 6 ,1 6 0 ,6 5 9
1 7 .6 6 9 ,8 0 3
9 ,4 5 2 ,2 4 6
9 4 0 ,3 5 2
9 4 1 ,4 6 6
1 5 7 ,1 8 4
1 ,6 2 4 ,9 5 6
189 963
2 3 ,0 4 9 ,2 8 2
1 8 ,2 7 9 ,5 5 9
2 7 9 ,3 8 7
1 0 2 ,7 2 7
6 3 3 ,1 3 6
4 ,9 0 4 ,1 4 5
2 5 3 ,2 8 2
4 ,4 6 8 ,6 0 0
6 2 3 ,5 1 0
1 .7 4 2 .0 0 0
6 3 ,0 0 0
1 .8 0 5 .0 0 0
1 ,2 6 7 ,5 4 9
7 ,0 8 8 ,7 0 8
7 7 ,7 5 9 ,0 0 8
9 6 ,1 0 0
2 7 6 ,5 8 6
5 ,3 0 8 ,3 5 2
9 6 4 ,4 5 9
1 7 ,2 9 1 ,4 3 6
5 0 6 ,4 5 0
3 1 8 ,1 4 5
6 8 ,4 9 0
185 542
2 6 6 ,9 7 6
9 7 ,0 4 2
6 7 2 ,2 7 8
3 ,2 7 6 ,0 8 4
Latest Gross Earnings by Weeks.—In the table which
follow? we sum up separately the earnings for the latest
week. The table covers the second week of January and
shows 1T09 per cent increase in the aggregate over the same
week last year.
2d w eek o f J a n u a ry .
199
In crea se.
1902.
1901.
*
5 0 ,4 9 o
3 2 ,8 7 1
1 0 7 ,8 4 3
6 2 7 ,0 0 0
1 7 3 ,2 6 0
3 2 2 ,8 9 0
1 4 4 ,3 7 4
1 4 1 ,7 2 8
7 6 ,2 4 1
3 0 ,7 4 0
1 1 2 ,1 3 3
9 7 ,5 0 4
3 1 9 ,2 4 1
4 6 ,5 0 3
9 2 ,0 8 0
2 2 1 ,6 0 0
4 1 ,4 5 8
6 ,1 9 1
2 7 ,5 7 7
$
4 7 ,9 2 1
2 8 ,1 4 9
1 0 4 ,7 1 5
4 5 9 ,0 0 0
1 4 5 .7 4 0
2 8 2 ,2 7 7
1 2 0 ,7 2 6
1 1 0 ,2 1 7
7 2 ,5 6 5
2 5 .7 3 8
8 5 ,1 8 6
8 3 ,8 2 8
3 0 0 ,1 8 7
4 8 ,8 3 3
8 0 ,1 0 5
1 8 2 ,0 0 0
3 4 ,9 4 0
5 ,0 8 8
2 6 ,7 3 2
$
2 ,5 6 9
4 ,7 2 2
3 ,1 2 8
1 6 8 ,0 0 0
2 7 ,5 2 0
4 0 ,6 1 3
2 3 ,6 4 8
3 1 ,5 1 1
3 ,6 7 6
5 ,0 0 2
2 6 ,9 9 7
1 3 ,6 7 6
1 9 ,0 5 4
A labam a G t. Southern..
A nn A r b o r ...........................
Buffalo Roch. & Plttsb’ g.
Canadian Pacific...............
Central of G e o r g ia ..........
Chesapeake & Ohio..........
Chicago <sl East. Illin ois.
Chicago Great W estern.
Chic. Indlan’lls & Loulsv.
Chic. Term . Transfer___
Choc. Okla. & G u lf..........
Cin. N . O. & T exas P a o ..
Clev. Cin. Chic. & St. L ..
Peoria & E a stern .........
Colorado & Southern___
Denver & Rio G ra n de.
Duluth So. Shore & A t l..
Evansv. & Indianapolis.
Evansv. & Terre H a u te.
Grand T ru n k ..................)
Grand Trunk W e s t .. >
D e t.G d .H a v .& Milw. 3
Hocking V a lley .................
Int. & Great N orth ern..
Iow a Central.......................
Kanaw ha & M ich ig an ...
Louisville & N ash ville..
M exican Central................
Mexican NationaL ..........
Minn. & 8t. Louis..............
Minn. St. P .& B . S t e .M ..
Mo. Kansas & T e x a s ___
Mo. Pacific & Iren M t.. . .
Central Branch.............
Mob. Jackson * K . C i t y . .
Norfolk * W estern ..........
Norm era Pacific________
Pere Marquette..................
Pittsburg & W estern___
Rio Grande Southern___
St. L aw . * A diron dack..
St. Louis * San P r a n ....
8t. Louis Southwestern..
Seaboard AJr Line............
Southern R a ilw a y ........ ..
T exas * Pacific.................
Toledo * Ohio C en tral..
Tol. 8t. L. & W est.............
W a b a s h ...............................
Wisconsin C e n t r a l .......
5 1 2 ,4 4 3
4 9 2 ,4 0 2
2 0 ,0 4 1
8 8 ,0 8 6
9 7 ,4 1 4
5 7 ,4 6 9
2 1 ,2 3 2
6 1 3 ,6 9 5
3 5 9 ,4 3 1
1 3 9 ,7 4 9
5 8 ,8 0 9
8 1 ,9 0 5
3 0 1 ,9 4 2
6 2 3 ,0 0 0
1 3 ,0 0 0
3 ,3 6 8
3 2 6 ,8 3 5
6 5 8 ,2 1 2
1 6 0 ,7 3 0
6 4 ,0 0 3
1 0 ,1 0 8
5 ,9 0 2
4 0 4 ,0 3 4
1 3 5 .6 6 9
2 1 1 ,4 7 9
7 3 3 ,5 3 9
2 4 0 ,8 5 8
5 5 ,7 1 0
4 6 ,6 1 7
3 8 2 ,5 7 7
1 0 0 ,5 0 0
8 4 .4 9 8
9 7 ,7 1 7
4 9 ,2 1 2
1 6 ,8 9 0
5 7 2 ,3 0 0
3 3 8 ,7 8 5
1 3 0 ,9 1 4
5 5 ,4 3 2
6 4 ,9 5 9
2 7 9 ,9 9 7
5 9 2 ,0 0 0
2 1 ,0 0 0
2 ,6 0 6
2 9 9 ,8 7 1
5 3 2 ,9 0 2
1 4 5 ,8 2 0
6 2 ,2 0 4
9 .4 7 2
4 ,8 3 9
3 5 2 ,2 3 6
1 4 0 ,3 3 0
2 1 9 ,2 1 2
6 8 1 ,2 3 9
2 2 4 ,9 0 5
4 8 ,6 7 2
5 3 ,8 8 9
3 4 6 ,3 4 6
9 8 .0 6 8
3 ,5 8 8
Total 150 roads).............
Net ) ncrease (1 1 0 9 p. o.)
9 ,1 7 9 ,0 4 0
........
8 ,2 6 2 ,6 1 4
...............
D ecrea se.
$
........
..........
3 ,3 3 0
1 1 ,9 7 5
3 9 ,6 0 0
6 ,5 1 8
1 ,1 0 3
845
........
303
8 ,2 5 7
4 ,3 4 2
4 1 ,3 9 5
2 0 .6 4 6
8 ,8 3 5
3 ,3 7 7
1 6 ,9 4 6
2 1 ,9 4 5
3 1 ,0 0 0
762
2 6 ,9 6 4
1 2 5 ,3 1 0
1 4 ,9 1 0
1 .7 9 9
636
1 ,0 6 3
5 1 ,7 9 8
........
........
8 ,0 0 0
.... ....
. . . . -4 .6 6 1
7 ,7 3 3
5 2 ,3 0 0
1 5 ,9 5 3
7 ,0 3 8
7 ,2 7 2
3 6 ,2 3 1
2 ,4 3 2
9 4 7 ,7 2 5
9 1 0 .4 2 6
3 1 ,2 9 9
. . . . . . .a
Net Earnings Monthly to Latest Dates.—The following
shows the gross and net earnings to latest dates of all S t e a m
railroads furnishing monthly statements. The compilation
Includes every road from which we can get returns of this
character, and in that form is given once a month. Early re
turns are published fromweek to week, as soon as issued, but
for the convenience of our readers all the roads making re
turns are brought together here in the week in which we pub.
lish our monthly article on net earnings—say about the 20th
of the month.
The returns o f the stre et ra ilw a ys we g iv e b y them selves
under a separate head a t the ex tr em e en d o f these tabu lation s
-see page 202 .
R oad s.
■------ G r o t s E a r n i n g s . ------ . •------ R e t R a r v i n g t . ------ .
C u rren t
P r ev io u s
C u rren t
P r ev io u s
T ea r.
T ea r.
T ea r,
T ea r.
$
$
A d i r o n d a c k . ! * .............N o v .
1 6 ,1 4 3
1 3 ,0 4 2
J u ly 1 t o N o v . 3 0 — .
9 2 ,7 5 5
8 3 ,7 7 8
A la b a m a G t .S o ’ th .a N o v .
2 2 0 ,9 5 1
2 0 1 ,4 4 0
J u l y I t o N o v . 3 0 . . . . 1 ,0 4 0 ,0 4 8
8 9 3 ,8 5 7
A n n ’p .W ’s h .& B a l.a N o v .
6 ,7 9 3
5 ,2 3 5
J u l y 1 t o N o v . 3 0 . __
3 8 ,2 6 3
2 6 ,6 7 7
A n n A r b o r . b .............N o v .
1 6 8 ,2 0 8
1 5 0 ,8 3 9
J u ly 1 t o N o v . 3 0 . . . .
8 0 1 ,1 7 2
7 1 5 ,2 6 7
A t O h . T .& S . F e . b . N o v
5 , 4 3 9 , 5 7 9 4 ,7 7 9 ,0 9 5
J u l y l t o N o v . 3 0 . . . 2 5 , 5 4 7 , 3 0 4 2 2 ,1 8 9 ,9 8 8
A t l. K n o x . & N o .a . N o v .
3 9 ,4 6 0
5 7 ,8 1 5
J u ly 1 t o N o v . 3 o ___
2 6 2 ,5 9 0
2 0 5 ,0 7 5
A t l a n t i c & B l r m ’ g h .D e c .
6 ,3 1 8
1 1 ,8 7 3
J u l y 1 t o D e c . 3 1 ___
3 2 ,7 3 7
6 0 ,6 3 0
A tla n tic C o a s t L .a .N o v .
6 1 9 ,1 0 9
6 6 6 ,2 0 8
J u l y 1 t o N o v . 3 o . . . . 3 ,1 2 4 ,8 2 8 3 ,0 0 4 ,2 0 5
B a l t i m o r e & A n n a p o li s
S h o r t L i n e . a ...........N o v .
9 ,1 7 1
8 ,0 8 5
J u l y 1 t o N o v . 3 0 ___
4 0 ,7 5 4
4 6 ,8 6 4
B a l t . * O h l o . b ___ .D e c .
4 ,2 0 9 ,5 7 5 4 , 0 7 6 . 0 2 6
J u ly l t o D e c. 3 1
. 2 6 , 0 3 6 , 9 1 0 2 3 ,5 5 6 .3 7 7
B a n g o r * A r o o s t’k b N o v .
1 4 0 ,3 1 1
1 1 3 ,6 7 3
J u l y 1 t o N o v . 3 0 ___
5 9 6 ,0 8 7
6 9 3 ,0 9 0
B a t h & H a m m ’ d s .b N o v .
5 ,0 4 3
5 ,9 9 7
J u ly 1 to N o v . 3 0 . . . .
2 3 ,9 5 1
1 9 ,5 7 6
B e lla lr e Z . & C in ...O c t .
1 5 ,9 5 2
1 9 ,4 9 7
B e lle fo n te C e n tr a lb D e c .
4 ,4 2 2
4 ,8 0 8
J a n . 1 t o D e c . 3 1 ___
5 2 ,0 0 5
4 3 ,9 5 0
B oston R e v . B . & L y n n —
O c t . 1 t o D e c . 3 1 ___
8 8 ,5 1 3
7 7 ,5 9 9
B r id g t . & S a c o R .b N o v .
3 ,9 2 4
3 ,0 8 9
J u l y 1 t o N o v . 3 0 ___
2 0 ,3 0 3
1 9 ,2 9 3
B u ff. A t t . & A r c a d e . b N o v .
2,110
2 ,8 2 9
B u ff. R . & P i t t b s . b . N o v .
4 3 8 ,3 9 8
5 2 3 ,1 0 6
J u l y 1 t o N o v . 3 0 ___ 2 ,8 8 5 ,6 1 1 2 ,4 9 5 ,6 2 8
B u ffa lo & S’ s q u e h .a N o v .
6 8 ,2 1 8
7 5 ,8 2 3
3 0 2 ,9 9 9
J u ly 1 t o N o v . 3 0 —
3 6 4 ,0 5 5
B u r l.C e d . R . & N o . a .N o v .
4 5 1 ,0 2 3
3 8 5 ,3 2 4
J a n . 1 t o N o v . 3 o ___ 4 ,7 7 8 ,0 1 8 4 , 4 3 3 , 6 4 7
C a n a d ia n P a c i f i c . a . N o v . 3 , 5 8 3 , 3 8 3 2 ,7 4 8 , 6 6 0
J u ly l t o N o v . 3 o . . . . l 6 , 3 9 9 , 8 1 7 1 3 ,2 9 6 ;i3 1
C en t, o f G e o r g ia .a .N o v .
7 5 1 ,4 0 6
6 1 7 ,8 6 4
J u l y 1 t o N o v . 3 0 . . . . 3 ,3 0 6 , 0 0 8 3 ,0 1 9 ,6 4 2
C e n tr a l N e w E n g .b .D e c .
4 8 ,9 2 6
6 5 ,5 4 5
J u ly l t o D e c . 3 i . . . .
3 1 7 ,7 6 3
3 6 9 ,4 3 4
C e n t , o f N . J e r s e y . a . N o v . 1 , 5 1 3 , 0 4 7 1 , 3 8 0 ,2 6 7
J a n . l t o N o v . 3 0 . - 1 5 , 5 7 3 , 7 2 4 1 3 ,9 2 7 ,5 2 5
C e n tra l P a c if ic .b ...O c t .
1 ,9 3 5 ,4 5 5 1 ,8 7 2 ,6 8 8
J u l y l t o O c t . 3 1 . . . . 7 ,6 7 5 . 5 9 2 7 , 2 4 8 , 7 6 4
7 ,4 7 6
7 ,6 2 6
O h a t t a n 'g a S o u t h . a N o v .
4 5 ,4 2 1
J u ly 1 t o N o v . 3 0 —
4 0 ,7 1 7
C h esa p . & O h io .a ..N o v .
1 ,3 5 7 ,2 3 8 1 ,2 5 3 ,7 0 6
J u ly 1 to N o v . 3 0 . . .
7 ,2 2 6 ,4 2 8 6 , 6 2 9 ,8 3 5
C h ic a g o & A l t o n .a .N o v .
8 1 3 ,5 6 2
7 2 1 ,0 3 6
J u l y 1 t o N o v . 3 0 ___ 4 ,1 4 2 , 3 3 2 3 ,9 7 2 , 1 0 1
O h io . B u r l .& Q u l n . b N o v . 4 , 5 9 6 ,2 6 5 3 ,9 6 5 , 7 8 6
J u l y 1 t o N o v . 3 0 . . . . 2 4 , 2 2 3 , 6 6 4 2 2 ,3 5 5 ,0 4 3
O h io . & E a s t . I l l . b . . D e c .
5 5 2 ,1 5 7
5 2 2 ,3 9 6
3 ,1 3 1 , 7 4 4 2 ,8 5 4 ,6 5 2
J u ly 1 t o D e c. 3 i —
6 4 7 ,2 5 9
O h io . G t . W e s t ’ n . b N o v .
5 5 7 ,0 1 8
J u l y 1 t o N o v . 3 0 ___ 3 , 3 9 3 , 2 9 9 3 ,0 4 7 , 8 7 0
O h io . I n d .& L o u Is. a . N o v .
3 8 1 ,3 6 8
3 3 8 ,0 5 8
2 ,0 1 2 ,4 8 1 1 , 7 6 1 , 7 3 6
J u ly 1 to N o v . 3 0 —
4 ,1 7 7 ,1 3 9 3 ,7 8 8 ,0 0 6
C h ic . M . & S t. P .a ..N o v .
J u l y l t o N o v . 3 o . . . . 2 0 , 3 9 4 , 9 9 6 1 8 ,6 1 0 ,3 2 2
fh lo . R . I . * P a o . a d N o v . 2 , 4 8 9 ,1 8 8 2 ,1 3 6 ,2 6 6
A p r . 1 t o N o v . 3 0 ____2 0 ,2 4 8 ,8 0 7 1 7 ,6 6 9 ,8 0 3
1 1 7 ,2 5 3
O h i o .T e r . T r a n s f . b . N o v .
1 2 9 .0 9 7
5 9 9 ,5 3 2
J u ly 1 to N o v . 3 0 . . . .
6 7 0 ,9 3 7
4 1 2 ,8 5 2
C h o c t a w O k l . & G . b .N o v .
5 5 8 ,7 8 4
4 1 2 ,3 6 9
cm. N . O . & T . P . a . D e o . 4 2 9 ,3 9 3
J u l y 1 t o D e c . 3 1 . . . 2 ,7 5 7 ,0 6 1 2 , 4 6 7 , 5 5 2
C I .O ln .O h lo .& S t .L .a —
J u ly 1 t o D e o . 3 1 ....1 0 ,0 0 8 ,6 0 5 9 ,2 7 2 ,5 5 0
4 ,6 8 2
3 0 ,3 1 4
6 6 .0 8 9
3 0 5 ,2 0 6
2 ,5 4 5
1 6 ,0 0 2
3 0 ,4 6 1
2 5 5 ,8 8 4
1 2 ,4 8 9 ,2 2 8
111161247
2 7 ,2 4 7
1 0 3 ,9 8 2
5 ,9 9 0
2 4 ,5 5 9
2 6 2 ,7 6 6
1 ,0 7 7 ,7 8 9
2 ,9 5 2
1 6 ,6 1 6
1 ,4 9 5 ,1 9 3
1 0 ,0 8 1 ,6 3 1
59 517
2 7 5 ,6 8 3
3 ,1 0 7
9 ,6 3 7
3 ,0 2 0
2 ,1 7 9
1 8 ,6 1 6
5 ,7 7 2
750
7 ,1 7 8
937
2 2 9 ,3 2 6
1 ,3 6 4 ,5 6 8
3 8 ,6 5 3
1 6 9 ,9 5 3
1 4 8 ,8 9 7
1 .5 6 1 . 3 7 3
1 ,4 4 0 ,8 7 8
6 ,6 6 2 ,1 4 8
2 3 6 ,3 0 0
1 ,0 4 1 ,7 8 3
1 6 ,6 4 9
8 3 ,6 3 8
7 5 1 ,3 9 4
0 ,7 9 8 ,1 1 7
7 9 5 ,2 3 1
3 ,2 9 2 ,3 3 6
d e f .5 ,0 5 1
d e f . 2 0 ,4 6 3
4 9 1 ,2 4 6
2 ,8 7 4 ,3 4 0
2 2 7 ,4 2 2
1 ,4 1 8 ,3 5 6
1 ,5 9 6 ,6 7 8
9 ,7 5 2 , 3 8 5
2 6 1 ,7 5 7
1 ,4 3 3 ,2 7 8
1 6 6 ,3 9 1
1 .0 3 2 ,1 8 4
1 5 0 ,3 8 8
8 3 9 ,5 1 7
1 .5 4 9 .3 7 3
7 ,5 5 6 ,0 7 9
3 ,6 6 5
2 2 ,9 7 2
5 9 ,9 5 2
2 6 9 ,3 8 1
2 ,0 4 8
7 ,1 1 8
5 0 .8 3 3
1 6 3 ,8 5 6
t 2 , 0 7 1 ,0 0 4
1 8 ,9 3 0 ,3 6 8
1 0 .8 3 3
6 8 ,5 5 1
2 ,0 9 4
1 1 ,5 4 8
2 6 4 ,1 6 4
1 ,1 6 6 ,9 0 2
3 ,7 2 4
1 4 ,4 1 6
1 ,4 3 9 ,9 7 5
7 ,9 2 4 ,8 2 9
4 7 ,5 4 2
2 3 6 ,7 1 6
3 ,9 9 9
1 4 ,4 3 1
7 ,2 0 1
1 ,6 5 9
1 5 ,5 6 4
5 ,6 6 9
1 ,8 5 4
5 ,7 8 2
732
1 7 5 ,0 3 0
1 ,0 4 8 ,9 6 9
3 5 ,1 1 0
1 3 9 ,9 7 7
5 8 ,5 8 9
1 ,1 9 0 ,9 4 1
1 ,0 6 5 ,5 4 8
5 , 1 4 1 ,2 7 2
2 1 4 ,9 1 0
1 ,0 5 8 ,0 1 7
2 8 ,1 5 1
9 3 ,0 6 9
5 8 3 ,1 9 2
5 ,4 0 9 ,7 0 5
7 9 9 ,0 9 5
3 ,2 2 5 ,9 9 9
d e f . 4 ,5 4 0
d e f . 1 3 ,9 4 8
4 7 7 ,2 0 9
2 ,7 4 4 .9 0 1
2 0 3 .8 3 0
1 ,3 4 9 ,8 8 0
8 1 0 ,1 9 6
7 ,4 0 9 ,7 1 2
6 2 ,3 9 1
3 2 7 ,3 1 8
2 0 6 ,6 0 7
1 0 6 ,6 9 5
7 2 1 ,1 9 0
1 ,2 7 0 ,9 2 9
8 ,8 1 6 ,7 8 3
2 4 9 ,1 5 5
1 ,1 8 0 ,1 1 3
1 5 0 ,4 6 1
1 ,0 0 9 ,7 6 4
1 2 1 ,1 0 4
6 7 0 ,2 8 5
1 ,4 8 1 ,3 5 7
6 ,9 3 0 ,5 8 9
7 1 8 ,6 5 0
6 ,1 7 4 ,1 8 0
5 7 ,4 6 9
3 0 4 ,8 1 1
1 8 7 ,4 9 6
1 0 0 ,2 1 4
6 5 4 ,4 8 1
2 ,8 6 3 .8 1 2
2 ,8 2 4 ,0 9 5
200
H o a d s,
THE
.—— Gross JHurisings,—— — N e t E a r n i n g *.—
Curven t Previous
C u rren t
P r ev io u s
Year.
Y ea r.
Y ea r.
Year.
8
G lo v e . O iil. C . & 8 t. L. ( 0 m e t . )
P e o p ift a i E a a li’ n ,a .N o v .
2 1 0 ,0 3 8
J u l y 1 t o N ov'. 8 0 . . ,
1 ,0 9 5 ,1 6 9
O a j o i ’ d o A B e n th . b N o v .
4 9 8 , ft 69
J u ly 1 t o N o v . 3 0
.
2 ,3 7 7 .9 8 7
J o lu m .N V w :>,& 1 . b . N o v .
1 4,928
J u ly 1 t o N o v . 3 0 . . .
7 2 ,0 2 3
O m ra w 'U A L e b 'u . u . N o v .
J u ly 1 t o N o v . 3 0 . . .
i u to b o fla u r t V ai b .N o v ,
J a n . 1 to N ov . 3 0 . .
D eu v .4 R i o O ' 0 0 . b . N o v .
J u ly 1 to N o v . 3 0 . . .
D e t j o u A M a o S 'o . a N o v .
J u ly 1 to N o v . 3 0 . . .
D e t r o i t S o u t h e r n . . .N o v .
J u ly 1 to N ov . 3 0 ....
D a l . 8 0 . B h .A A t ) b . N o v .
J u l y 1 t o N o v . 3 0 ___
2 8 ,7 0 0
1 6 2 ,8 6 9
9 5 ,8 2 3
1 ,0 1 4 ,3 7 4
1 ,0 1 1 ,5 0 6
5 ,3 4 5 ,0 6 8
6 3 ,1 8 0
8 3 1 ,3 1 0
1 0 9 ,8 9 8
5 3 9 ,8 8 8
2 0 4 .8 9 5
1 ,1 7 6 ,6 4 2
3 6 ,0 8 1
G lia Y a l . G l o b e A N o .N o v .
1 6 2 ,8 8 7
J u ly 1 to N o v . 3 0 . . .
G r . T r u u k o l C a n . . . N o v . 2 ,0 4 1 ,0 5 2
J u l y 1 t o N o v . SO . . 1 0 ,6 8 1 ,4 5 0
D e c. G r . H , A M il.N o v .
J u ly 1 to N o v . 3 0 . . . .
H o o k in g V a lle y .a ,.N o v .
J u ly 1 to N o v . 3 0 . . . .
H o u s e . A T e x , G en t. O o t
J u ly 1 to O o t
I llin o is C e n tr a l.. .a .N o v .
J u l y 1 t o N o v . 3 0 ___
I n d i a n a 111. A l a . b . O c t
J n l y 1 t o O c t . 3 1 ___
I o w a C e n t r a l.b ....N o v .
J u l y 1 t o N o v . 3 0 ___
I r o n R a i l w a y . b ___ N o v .
J u l y 1 t o N o v . 3 0 ___
3 2 4 ,1 1 6
1 ,7 6 9 ,9 8 2
9 8 ,7 9 2
4 9 1 ,0 3 9
4 6 9 ,9 2 0
2 ,3 1 2 ,1 2 4
6 0 1 ,4 7 7
1 ,9 2 7 ,3 6 7
3 ,4 8 5 ,3 6 4
1 7 ,2 2 1 ,9 0 4
1 4 7 ,0 9 0
5 6 2 ,7 9 6
2 1 7 ,9 5 5
1 ,0 6 3 ,0 1 5
6 ,4 7 7
3 2 ,9 8 5
1 0 2 ,1 3 8
4 6 5 ,6 4 0
4 6 8 ,9 4 4
2 ,1 5 1 ,7 3 6
9
Hi
2 0 4 ,9 7 1
9 7 5 ,0 3 8
4 2 3 ,4 1 5
2 ,0 7 8 ,1 1 6
14,9 2 1
7 0 ,8 1 7
1 3 ,9 6 0
105,8 2 6
9 0 ,2 3 1
9 4 1 ,4 6 6
9 8 8 ,1 7 3
5 ,1 4 7 ,7 6 0
5 5 ,3 3 4
8 3 6 ,9 2 0
1 0 3 ,2 1 8
4 8 0 ,6 2 1
1 7 6 ,1 2 3
1 ,1 3 4 ,2 7 7
E lg in J o lie t & E a ste rn
J a n . 1 t o N o v . 8 0 ___ 2 ,0 0 2 ,1 3 3 1 ,8 0 7 ,4 8 3
3 .5 4 5 ,2 2 1 3 ,1 6 9 ,5 2 5
t e l e .a .....
. . N ov.
J u l y 1 t o N o v . 3 0 ___ 1 8 ,2 1 7 ,3 7 3 1 6 ,1 4 6 ,0 4 3
P a r in v . A P o w h a t ’ n .N o v ,
4 ,1 8 9
6 ,6 2 5
2 7 ,6 5 0
3 0 ,0 2 6
J u ly 1 to N ov . 3 0 . .. .
2 2 1 ,2 1 4
1 t. W. A D en . 011 y . bN ov.
1 9 5 ,2 4 7
Jan. 1 to N ov. 30
. 1 ,9 5 6 ,0 0 6 1 ,6 2 4 ,9 5 6
1 6 3 ,3 6 1
1 8 7 ,6 8 4
G e o r g ia , a .
..
N ov.
7 7 7 ,1 3 4
J u l y 1 t o N o v . 3 0 ___
8 3 6 ,8 6 2
G a . 8 o a t E . A F la .a .D e o .
1 0 9 ,3 9 6
1 0 9 ,9 5 7
6 1 3 .0 3 3
6 3 3 ,2 3 2
J u l y 1 t o D e e . 3 1 ___
O r. T r u n k W e s t ...N o v .
J u ly 1 to N o v . 3 0 . . . .
C H R O N IC L E .
3 2 ,6 7 9
1 5 6 .0 3 4
1 .9 4 8 ,1 0 0
9 ,8 4 9 ,5 1 2
3 6 1 ,5 8 9
1 ,7 0 6 ,7 1 6
9 6 ,8 4 5
4 7 5 ,9 5 3
4 0 7 ,7 7 6
2 ,0 3 4 ,9 0 3
7 4 0 ,6 4 3
1 ,8 8 5 ,2 3 6
3 ,1 4 2 ,8 3 8
1 5 ,1 8 8 ,9 9 4
1 0 8 ,9 4 3
4 0 0 ,3 9 2
1 7 7 ,1 4 2
9 5 6 ,7 9 7
4 ,3 4 2
2 2 ,1 6 2
7 5 ,8 9 0
3 8 1 .6 3 5
3 8 0 ,0 3 8
1 ,8 4 7 ,0 1 7
5 8 ,9 0 9
2 7 8 ,1 6 0
1 0 7 ,3 9 7
6 5 3 ,3 9 2
4,1 8 2
2 6 ,5 6 8
1 3 ,9 8 1
8 1 ,1 1 2
2 0 ,0 9 8
3 6 5 ,8 3 9
3 4 9 ,1 2 9
2 ,1 1 7 .7 9 8
1 0 ,038
6 3 ,8 6 1
2 6 ,7 0 5
1 4 8 ,6 0 1
5 9 ,7 2 0
4 4 1 ,7 8 3
6 2 ,8 0 1
2 9 4 ,7 8 8
1 2 9 ,5 3 8
5 5 0 .5 2 8
5,0 0 4
2 7 ,5 4 9
4 ,2 7 1
4 1 ,0 1 0
8 0 ,9 5 8
8 8 9 .8 3 6
8 4 8 ,0 8 6
1 ,9 2 1 ,7 3 4
1 0 ,4 3 9
8 6 ,5 8 4
8 0 ,9 9 9
1 1 4 ,3 7 9
2 7 ,5 8 8
3 9 4 ,3 0 3
7 2 7 ,7 8 1
1 ,0 5 5 ,5 3 9
5 ,9 3 4 ,2 7 1
d ef.1 ,4 32
1,4 8 1
7 6 ,2 0 2
5 2 3 ,8 7 8
g 7 8 ,7 9 0
g 2 8 5 ,9 7 6
3 2 ,0 4 3
1 8 1 ,4 1 6
2 0 ,6 3 0
7 8 ,5 5 0
7 2 0 ,2 5 7
3 ,7 4 0 ,9 5 6
5 4 ,5 0 6
2 5 0 ,6 3 0
2 5 ,7 9 3
1 3 5 ,7 7 8
2 0 3 .2 0 8
9 6 4 ,0 9 4
3 0 4 ,4 4 2
7 9 0 ,5 3 8
1 ,1 4 1 ,3 7 0
5 ,4 0 9 ,6 6 6
4 7 ,4 4 2
2 0 6 ,1 5 9
3 2 ,1 1 9
1 8 8 ,0 7 0
2 ,1 6 4
1 2 ,5 3 9
1 9 ,6 0 8
1 0 1 ,5 2 6
1 6 1 ,8 1 9
6 3 8 .2 0 8
7 0 9 ,8 7 3
8 7 3 ,4 1 4
4 ,5 9 3 ,4 3 0
d e f.4 ,4 9 2
d e f.7 ,3 8 7
2 6 ,8 6 6
3 4 7 .8 3 6
g 6 1 ,6 9 2
g 2 6 7 ,4 2 5
3 0 ,2 4 4
1 7 5 ,9 5 3
19,1 1 3
8 4 ,7 2 6
6 9 5 ,4 3 7
3 ,5 4 2 ,3 9 8
7 4 ,9 4 6
2 8 8 ,9 5 0
2 4 ,8 1 9
1 1 6 ,3 1 1
1 8 4 ,5 7 8
8 5 5 ,0 4 9
4 6 2 ,7 2 1
8 8 8 ,9 7 2
1 ,0 2 2 ,0 2 8
4 ,1 3 8 ,3 0 3
4 2 ,6 4 8
1 5 1 ,3 5 1
1 4 ,4 5 1
1 0 2 ,7 9 2
2 ,4 8 3
8 ,7 2 7
1 1 ,7 9 4
7 1 ,4 8 3
1 1 2 ,6 9 8
3 8 5 ,8 4 1
K a n a w h a A M io h . a .N o v .
J u ly 1 t o N o v . 3 0 . ..
K a n .C it y S o u t h . .a .N o v .
J u ly 1 t o N o v . 3 0 , . . .
L e h ig h V a l. E E . a D e e . 1 t o N o v . 3 0 . . . . 2 6 ,6 8 3 ,5 3 4 2 3 ,0 4 9 ,2 8 2 6 ,6 1 3 ,6 5 8 3 ,8 0 6 ,8 6 1
L e h ig h Y . C o a l C o . a . —
7 6 0 ,9 7 2
D e e . 1 t o N o v . 3 0 — 2 1 ,8 1 0 ,5 8 3 1 8 ,2 7 9 ,5 5 9 d f.1 2 3 0 2 7 2
7 ,5 8 1
7 ,8 5 2
2 9 ,3 7 4
2 3 ,8 2 5
L e x l n g ’ n A E a s t . b . .N o v .
6 3 ,1 8 4
5 0 ,8 9 8
1 6 8 ,4 7 4
1 4 5 ,8 6 7
J u ly 1 to N o v . 3 0 —
3 1 ,6 1 0
In c.
In c.
5 2 ,2 1 5
L o n g I s l a n d ........ ......N o v .
2 4 6 ,6 3 1
In c.
In c.
3 6 5 ,9 2 6
J u ly 1 to N o v . 3 0 . . . .
1 5 ,5 8 8
1 3 ,3 4 5
5 4 ,4 8 8
5 2 ,8 0 2
L o u . H e n . A 8 t.L .b ..N o v .
9 3 ,3 4 9
8 6 ,3 1 7
3 0 0 ,5 5 8
2 8 0 ,6 1 3
J u ly 1 to N o v . 3 0 . . . .
9 3 9 ,7 1 2
9 6 7 ,3 6 5
2 ,7 0 7 ,6 0 7 2 ,4 1 8 ,6 8 2
L o n is v . & N a s h v .b .N o v .
J n l y l t o N o v . 3 0 — 1 2 ,6 7 6 ,3 5 9 1 1 ,4 3 1 ,7 9 3 3 ,9 6 8 ,0 2 8 4 ,2 2 5 ,3 5 2
691
4 ,4 2 2
9 ,6 2 2
1 2 ,0 5 5
M a c o n A B ir m in g b N o v .
1 ,0 3 7
6 ,3 9 0
4 6 ,0 0 7
5 2 ,3 8 7
J u ly 1 to N o v . 3 0 . . . .
1 1 ,7 1 6
1 0 ,6 4 1
2 6 ,6 3 4
2 7 ,8 3 3
1 1 9 ,7 5 6
1 3 3 ,0 0 5
2 9 0 ,3 4 6
2 7 9 ,3 8 7
d el. 2 6 6 d e f.4 ,0 8 0
3 ,2 0 8
4 ,2 7 5
2 8 ,4 1 8
2 9 ,4 6 3
9 9 ,6 4 9
8 8 ,6 1 1
3 ,6 4 1
5 ,8 6 5
2 0 ,4 1 5
2 1 ,7 1 8
M a r y la n d & P e n n . .N o v .
4 9 5 ,4 3 1
4 5 4 ,6 7 0
1 ,4 9 4 ,5 7 3 1 ,4 2 8 ,7 0 6
M e x ic a n C e n t r a l...N o v .
J a n . I t © N o v . 3 0 . . . . 1 5 ,8 2 1 ,3 3 6 1 5 ,8 5 1 ,6 5 3 4 ,3 3 5 ,5 3 6 4 ,9 1 9 ,7 4 1
2 2 8 ,0 5 5
2 2 1 ,2 1 7
5 6 6 ,5 8 3
4 9 3 ,6 7 0
M e x . I n t e r n a t io n a l.N o v .
" 4' 5“ 2 ,2 3 2 ,0 3 2 1 ,9 6 3 ,9 3 0
J a n . 1 t o N o v . 3 0 . . . . , 5 ,4 1 3 ,7 8 6 4‘ ,9 0 4 ,1
2 9 0 ,2 5 1
c 2 2 8 ,4 8 0
6 0 8 ,5 9 3
6 2 5 ,6 2 9
M e x ic a n N a t io n a l ..N o v .
0 ,9 9 1 ,6 9 3 7 ,1 8 4 ,8 4 7 © 2,6 2 9,0 2 5 3 ,3 8 1 ,3 9 4
Jan. 1 to N ov. 3 0 —
........
866
3 ,2 5 4
M l l l e n A S o u t h w e s t .N o v .
1 0 ,5 6 4
4 ,6 3 5
4 8 ,0 4 6
4 8 ,9 2 7
M in e r a l R a n g e . b - - . N o v .
5 4 ,7 8 9
7 7 ,2 5 6
2 7 4 ,1 2 9
2 6 0 ,4 8 7
J u ly 1 t o N o v . 3 0 ..
1 1 8 ,1 5 2
3 1 6 ,2 3 2
1 4 1 ,1 0 8
2 7 3 ,2 6 0
M in n . A 8 t . L o n i s . a . N o v .
6 1 0 ,0 6 6
6 8 1 ,7 7 3
J u l y 1 t o N o v . 3 0 . . . . 1 .5 6 7 .4 5 6 1 ,3 8 1 ,8 0 5
4 5 0 ,6 5 5
4 0 8 ,7 7 4
1 9 7 ,8 5 0
6 9 4 ,8 0 3
8£ . S t . P . A S . 8 . M .b .N o v .
8 0 3 ,4 4 1
J u l y l t o N o v . 3 0 . . . . 2 ,8 8 2 ,1 7 2 1 ,9 2 3 ,8 9 1 1 ,6 5 1 ,1 9 1
5 7 1 ,6 0 4
5 5 5 ,8 4 7
1 ,5 7 4 ,7 5 1 1 ,5 2 3 ,8 8 3
M o . K a n . A T e x a s .a .N o v .
J n l y 1 t o N o v . 3 0 . . . , 7 ,5 6 6 ,9 8 7 6 ,6 2 6 ,7 9 3 2 ,6 1 1 ,3 9 0 2 ,3 9 6 ,8 3 7
M is s o u r i P a c i f i e . b . . N o v . 3 .3 4 3 .4 5 6 2 ,9 2 4 ,6 9 3 1 ,2 0 6 ,9 5 9 1 ,0 8 6 ,0 7 2
J a n , l t o N o v . 3 0 . . . , 3 3 ,7 9 4 ,2 8 4 2 9 ,3 1 5 ,1 6 6 1 2 ,2 3 2 ,6 0 9 9 ,9 3 6 ,5 3 7
2 7 ,5 3 1
1 3 1 ,1 2 0
1 1 1 ,9 5 7
4 ,0 5 5
M o n t. A M e x . G u lf.O c t .
8 0 9 ,3 9 1
3 0 9 ,2 9 3
J a n . l t o O c t . 3 1 . . . . 1 ,1 6 2 ,7 2 0 1 ,1 6 7 ,1 8 6
1 8 8 ,3 7 2
2 1 9 ,2 7 3
6 0 8 ,2 3 4
6 8 5 ,7 1 4
N a s b .C b . A S t . L . b . .N o v .
J u l y 1 t o N o v . 3 0 . . . , 3 ,2 9 0 ,6 4 0 3 ,2 1 7 ,7 8 1 1 ,0 4 7 ,3 0 6 1 ,1 2 3 ,2 7 9
6 ,9 8 1
1 5 ,6 9 1
1 7 ,0 4 3
5 ,0 7 7
N e v .- C a l .- O r e g o n .a .N o v .
3 3 ,8 5 1
8 0 ,9 1 3
7 8 ,8 9 0
7 3 ,8 9 9
J u ly 1 t o N o v . 3 0 . . . .
4 ,8 0 8
1 ,7 9 5
4 ,1 8 4
2 ,1 4 3
N e v a d a C e n t r a l....O o t .
1 3 ,8 9 9
2 ,8 1 6
d e f.3 ,1 93
1 2 ,4 8 8
J u l y i t o O o t. 3 1 —
1 3 8 ,0 9 9
5 0 1 ,4 2 2
4 6 0 ,3 6 5
1 5 2 ,5 1 0
N . Y . O n t. A W e s t.a N o v .
8 4 7 ,6 0 2
6 6 2 ,3 5 6
J u l y l t o N o v . 3 0 . . . . 2 ,6 2 8 ,9 3 2 2 ,1 0 0 ,2 4 2
1 0 3 ,4 5 0
2 4 9 ,9 4 5
2 2 5 ,8 7 5
1 2 5 ,2 5 3
N , Y .S u s . A W e s t .a .N o v .
3 5 7 ,0 3 3
6 0 3 ,4 7 3
9 0 3 ,4 6 8
J u l y l t o N o v . 3 0 . . . . 1 ,2 4 8 ,6 1 1
1 ,4 4 7 ,9 7 2 1 ,3 2 5 ,3 9 6
5 2 6 ,9 6 3
6 9 0 ,3 8 0
N o r f o l k A W e s t ’ n .a .N o v .
J u l y 1 t o N o v . 3 0 . . . . 7 ,3 1 1 ,4 6 3 6 ,8 2 8 ,3 0 0 3 ,1 4 4 ,4 7 1 2 ,7 5 4 ,6 3 2
3 7 0 ,0 0 1
7 4 2 ,9 3 7
7 7 2 ,5 3 7
3 0 9 ,7 6 1
N o r th e r n C e n tr a l, b N o v .
7 ,6 2 4 ,1 0 8 7 ,0 8 8 ,7 0 8 2 ,3 5 1 ,8 3 9 2 ,0 7 7 ,5 3 9
J a n , 1 to N o v . 3 0 . . .
M a m ste e & N o. E .a .O e t
J a n , 1 t o O ct. 3 1 . .. . .
M a n l s t i q n e , b ............N o v .
Ja n . 1 to N ov. 3 0 . .. .
N o r t h e r n P a c i f i c . b . N o v . 4 ,0 9 2 ,0 8 5 2 ,9 1 4 ,5 1 6 2 ,2 7 6 ,9 6 2
J u l y 1 t o N o v . 3 0 . . . .1 9 ,1 0 5 ,0 0 5 1 4 ,7 7 2 ,8 1 0 1 0 ,1 4 7 ,5 0 7
1 ,6 5 1 ,3 9 1
7 ,6 9 5 ,8 8 6
[V o l .
LXXIV.
G r o s s M a r r u n g s ,— ■> ,------ N e t E a r n i n g * . -------
Hoads.
Current
Year,
$
Previous
Year.
S
Current
Year.
$
Previous
Year .
$
Ohio A Little K an a .S e p t
16,9 9 1
1 6 ,4 2 8
4 ,4 6 2
3 ,8 7 4
July 1 to S e p t 3 0 ..
4 8 ,2 0 7
4 6 ,1 2 4
1 5 .4 2 4
10^072
Pacific Coast Com pany -S ee M iscellaneous C om panies.
P en n sylvan ia—
Lines directly o p era ted
East of Pitts, A b .N o v . 8 ,0 7 3 ,5 2 4 7 ,7 8 8 ,5 2 4 8 ,2 1 3 ,1 5 8 3 ,2 2 9 ,9 5 8
Jan. 1 to Nov. 3 0 ....8 5 ,4 9 3 ,0 0 8 7 7 ,7 6 9 ,0 0 8 8 0 ,7 4 4 ,7 6 5 2 6 ,8 8 0 ff6 5
West of P itts, A E .N ov .
Inc.
8 7 3 ,4 0 0
Inc.
3 3 6 ,3 0 0
Jam 1 to Nov. 8 0 . . . .
In c. 5 ,1 9 6 ,1 0 0
Inc. 2 ,5 5 4 ,9 0 0
Fere M a rq u ette.a . . Nov.
Jam 1 to Nov. 3 0 . . . .
7 9 1 ,0 0 7
8 ,4 2 7 ,0 4 9
7 1 2 ,7 7 1
7 ,5 5 5 ,3 6 1
1 2 9 ,0 3 4
1 8 9 ,2 5 6
1 ,9 0 1 ,0 4 6 1,7 8 6 ^431
P M la. A Brie, b ........Nov
6 1 4 ,4 8 1
6 1 5 ,5 4 1
2 7 6 ,2 9 6
3 0 9 ,2 6 8
Jan. 1 to Nov. 8 0 . . . . 6 ,2 9 3 ,6 4 8 5 ,3 0 8 ,8 5 2 2 ,0 0 1 ,3 7 4 1 ,9 4 3 .3 0 4
P h ll.W ilm .A B a lt.b N o v .
9 9 0 ,5 5 9
9 6 4 ,4 5 9
3 7 0 ,4 4 9
3 8 0 ,1 4 9
5 ,9 7 9
3 ,5 9 8
4 ,3 8 9
1,884
P itts. O .C .A B t .L .a .N o v . 1 ,8 7 1 ,4 9 3 1 ,5 8 8 ,2 6 2
Jan. 1 to Nov. 3 0 ....1 8 ,9 0 4 .6 5 8 1 7 ,2 9 1 ,4 3 6
5 6 7 ,9 2 1
6 ,5 4 5 ,7 0 0
3 9 0 ,0 2 4
4 ,6 7 3 ,6 6 3
Pine Bluff A A rk. B .O o t
P itts.A W est. S y s.b .N o v .
3 3 9 ,5 0 2
3 1 4 ,9 5 8
1 3 9 ,9 8 5
9 3 ,6 8 4
July 1 to Nov. 3 0 . . . . 2 ,0 1 1 ,8 0 2 1 ,6 9 3 ,1 3 8
7 8 4 ,4 5 8
5 8 5 ;9 9 8
Reading Com pany—
Pblla. A Read’ g .b .N o v . 2 ,6 6 6 ,2 6 5 2 ,4 7 6 ,4 7 6 1 ,0 2 2 ,1 8 4
8 6 9 ,0 7 6
July 1 to Nov. 3 0 .. .1 2 ,8 3 2 ,9 8 4 1 1 ,4 2 4 ,1 7 6 4 ,8 7 7 ,4 8 5 3 ,8 3 6 ,2 8 1
Coal A Iron C o .b .N o v . 3 ,0 3 4 ,5 4 5 2 ,5 8 0 ,1 4 8
3 4 9 ,7 7 5
3 2 0 .0 7 5
July 1 to Nov. 3 0 ....1 2 ,8 2 1 ,3 8 1 1 0 ,8 2 6 ,3 4 4 1 ,2 8 4 ,2 5 7
5761286
Total both C o.’s.b N o v . 5 ,7 0 0 ,8 1 0 5 ,0 0 6 ,6 2 4 1 ,3 7 1 ,9 5 9 1 ,1 8 9 ,1 5 1
July 1 to Nov. 3 0 ....2 5 ,6 5 4 ,3 6 5 2 2 ,2 5 0 ,5 2 0 6 ,1 6 1 ,7 4 2 4 ,4 1 2 ,5 6 7
Reading C o. b .....N o v .
......................................
8 7 ,6 1 9
2 6 ,7 8 0
July 1 to N ov. 3 0 ......................................................
4 1 1 ,8 6 9
1 1 5 ,8 4 4
Total all Comp’ s.b N o v .
...................................
1 ,4 5 9 ,5 7 8 1 ,2 1 5 ,9 3 7
July 1 to Nov. 3 u ............................
6 ,5 7 3 ,6 1 1 4 .5 2 8 ,4 1 1
Rich. Fred. A P o t ..O o t
8 9 ,8 2 7
8 2 ,6 9 4
3 5 ,1 8 8
3 5 ,0 2 8
July 1 to O c t 31 . .
3 4 0 ,0 9 5
3 0 8 ,7 6 1
1 2 8 ,9 4 3
1 2 2 ,6 8 8
Rio Grande J u n o t ..O c t
6 1 ,4 6 2
6 2 ,9 7 9
f 1 8 ,4 3 8
f 18,8 9 3
Dec. 1 to O c t 3 1 . . . .
5 2 2 ,2 5 7
5 0 6 ,4 5 0 f 1 5 6 ,6 7 7 f 1 5 1 ,9 3 5
Elo Grande South, bN ov.
5 3 ,3 4 0
5 1 ,4 8 1
2 3 ,0 0 8
2 4 ,1 4 9
July 1 to Nov. 3 0 . . . .
2 5 4 ,6 0 0
2 4 7 ,5 0 9
1 1 3 ,2 7 2
1 1 4 ,2 1 3
R utland—
July 1 to Dec. 3 1 ------- 1 ,1 3 2 ,8 1 8
..............
4 0 5 ,0 1 0
St. Jos. A Gd. I s i.a .N o v .
1 0 9 ,8 7 8
9 1 ,4 4 8
3 7 ,3 8 0
2 6 ,4 8 9
July 1 to Nov. 3 0 . . . .
6 1 2 ,5 8 2
5 8 4 ,0 3 8
2 2 7 ,5 7 3
2 1 9 ,8 0 6
St. Louis A N . A rk .b N ov .
2 4 ,0 5 8
7 ,0 2 4
1 3 ,2 8 3
3 ,0 7 7
July 1 to N ov. 3 0 . . .
1 0 4 ,2 1 8
4 1 ,3 5 6
5 2 ,2 7 7
1 8 ,4 4 3
St.LouisA San F b k N o v . 2 ,0 3 1 ,0 4 9 1 ,0 4 9 ,2 7 3
9 4 0 ,9 2 6
7 3 2 ,0 2 5
July 1 to Nov. 3 0 . . . 9 ,4 6 6 ,4 5 4 7 ,8 5 3 ,1 0 6 4 ,2 7 9 ,3 3 4 3 ,4 4 5 ,6 6 4
St.Louls 8o’w e st.b §N o v .
7 3 7 ,9 6 8
8 0 0 ,9 6 4
§2 9 2 ,4 7 2
§4 2 4 ,9 1 2
July 1 to Nov. 3 0 ----- 3 ,1 9 0 ,8 2 3 3 ,0 7 3 ,2 8 6
§9 3 0 ,4 9 2 § 1 ,3 0 7 ,4 8 3
San A n t.& A ra n .P .a N o v .
2 5 0 ,3 1 1
2 8 7 ,2 8 1
1 0 1 ,9 1 4
1 1 6 ,6 9 6
July 1 to N ov. 3 0 . . . . 1 ,1 8 4 ,3 3 2 1 ,2 0 6 ,2 2 7
4 2 1 ,8 0 5
4 4 2 ,0 6 0
San Fr. A N . P a c .a .D e c .
8 5 ,5 2 6
7 5 ,4 5 8 d e f.4 ,2 6 4
2 ,7 4 3
Jnly 1 to D ec. 3 1 . . . .
6 2 8 ,6 2 0
5 8 6 ,5 9 5
2 2 9 ,7 5 3
2 2 8 ,0 6 1
Santa F e Pres. A P b .O c t
8 8 ,1 7 0
8 2 ,4 8 3
4 9 ,6 1 4
4 0 ,8 7 1
July l t o Oct. 3 1 . . . .
3 2 4 ,5 4 3
3 0 9 ,0 8 2
1 7 1 ,2 3 6
1 5 8 ,8 3 8
S a v .F la .A W e st.b .*N o v .
7 4 4 ,1 8 4
6 7 8 ,4 1 9
2 8 4 ,4 9 6
2 2 8 ,1 3 8
July 1 to N ov. 30 . . . 3 ,1 7 3 ,1 3 2 3 ,0 2 2 ,3 7 0
9 1 2 ,5 7 6
8 8 0 ,5 7 9
Seaboard A ir Line a N o v ,
9 3 4 ,1 3 7
8 6 9 ,4 2 9
2 9 1 ,5 7 8
1 6 8 ,3 1 4
July 1 to N ov, 3 0 . . . . 4 ,7 0 6 ,3 7 2 4 ,3 0 5 ,5 4 7 1 ,5 7 0 ,8 1 3
7 7 6 ,7 9 5
South. M o. A A rk .bD ec.
2 2 ,2 8 3
1 5 ,7 8 3
1 0 ,4 8 3
5 ,9 4 6
Jan. 1 to Deo. 31 ..
2 2 6 ,7 3 5
1 8 5 ,5 4 2
9 7 ,0 2 7
6 9 ,3 5 3
1 Southern P ac.C o.aN ov. 7 ,4 8 4 ,2 3 3 6 ,7 2 7 ,7 9 9 2 ,8 1 2 ,5 2 7 2 ,4 5 4 ,5 9 4
July 1 to N ov. 3 0 ....3 6 ,3 2 2 ,4 9 7 3 2 ,1 3 0 ,7 9 4 1 3 ,7 5 9 ,3 9 2 1 1 ,7 9 8 ,3 9 7
Central P a c ific -b .O e t
1,9 ?5 ,4 5 5 1 ,8 7 2 ,6 3 8
7 9 5 ,2 3 1
7 9 9 ,0 9 5
July 1 to O c t 3 1 . . . , 7 ,6 7 5 ,5 9 2 7 ,2 4 8 ,7 6 4 3 ,2 9 2 ,3 3 6 3 ,2 2 5 ,9 9 9
G a i.H a r .A 8 a n A .b O c t
6 8 5 ,3 2 8
6 5 0 ,2 1 1
2 4 3 ,4 5 0
1 9 1 ,8 3 5
July 1 to O o t 3 1 . . . . 2 ,4 1 4 ,6 9 0 2 ,1 3 5 ,4 5 8
7 4 0 ,6 3 3
4.80,061
G u lfW . T .A P a e .b O e t
1 3 ,7 7 3
1 7 ,6 9 4
2 ,8 1 5
8 ,4 6 0
July l t o O c t 3 1 . . . .
5 9 ,5 8 1
5 1 ,0 3 7
1 2 ,2 5 2
1 4 ,4 1 9
H o u st.E . A W .T .b .O c t,
9 6 ,8 4 2
9 2 ,0 2 8
4 4 ,4 6 6
4 3 ,8 2 8
July 1 to O c t 3 1 . . . .
3 0 0 ,1 5 2
2 5 7 ,0 6 5
9 4 ,2 6 0
8 3 ,0 1 2
H o u st.A S h r e v e .b O c t
2 3 ,5 2 2
2 0 ,5 8 9
1 2 ,7 8 4
1 1 ,5 6 0
July 1 to O c t 3 1 . . . .
7 2 ,2 8 2
5 5 ,7 8 5
2 7 ,0 4 5
2 5 ,6 1 1
Louisiana W e s t b .O c t
1 7 7 ,8 4 6
1 5 8 ,8 1 7
9 1 ,7 2 9
8 3 ,9 0 1
July 1 to O o t 3 1 . . . .
6 0 6 ,0 3 6
5 1 4 ,7 5 2
2 6 7 ,4 7 4
2 0 6 ,9 8 3
M ’ g’ n ’sL a .A T e x .b O e t.
8 3 6 ,6 4 7
8 0 9 ,0 9 9
3 6 1 ,6 8 8
3 4 9 ,4 8 5
July l t o Oct. 3 1 . . . . 2 ,7 8 7 ,7 1 8 2 ,4 5 5 ,6 9 1 1 ,0 5 7 ,7 8 8
8 7 5 ,7 3 7
ST. Y . T ex . A M .b -.O d t
3 8 ,5 7 7
3 0 ,5 2 8
1 8 ,1 4 2
1 5 ,7 1 0
July l t o O c t 3 1 . . . .
1 3 1 ,7 9 6
9 0 ,6 9 7
5 6 ,6 5 2
S 6 ,5 5 4
T exas A N . O r l .b .O c t
2 5 7 ,5 1 9
2 4 4 ,1 7 1
6 8 ,3 2 4
9 9 ,3 9 7
July 1 to O c t 3 1 . . . .
9 8 1 ,6 9 5
8 1 7 ,4 3 7
2 5 6 ,3 5 9
2 9 0 ,6 6 3
60. Pao. o l AFiz.b O c t
4 0 0 ,6 5 8
3 S 2 ,2 6 4
2 1 7 ,4 0 2
1 7 2 ,3 2 1
July l t o O c t 3 1 . . . . 1 ,3 8 8 ,1 2 2 1 ,1 4 6 ,4 1 0
7 8 0 ,4 2 8
5 6 9 ,63S
So. Pac. o f C a l .b .O c t
1 ,9 1 1 ,6 1 8 1 ,7 2 3 ,1 4 5
7 9 4 ,7 1 7
7 3 8 ,2 4 0
July l t o O c t 3 1 . . . . 7 ,2 9 4 ,3 3 0 6 ,2 7 1 ,8 9 4 8 ,1 2 1 ,4 2 9 2 ,6 7 5 ,2 7 4
8 o .P a c .o f N .M .b .O c t
2 3 7 ,4 8 7
1 7 9 ,0 0 9
1 5 5 ,9 0 4
1 0 3 ,7 7 3
July l t o O c t 3 1 . . . .
8 2 4 ,9 3 7
6 2 6 ,9 9 9
5 2 3 ,1 6 8
3 6 5 ,1 1 5
Southern R ailw ’ y .a N o v . 3 ,2 7 2 ,4 4 4 3 ,0 6 5 ,3 7 5 1 ,1 2 0 ,0 8 6 1 ,0 5 2 ,7 7 1
July 1 to Nov. SO. ..1 5 ,8 5 2 ,4 1 5 1 4 ,9 9 5 ,4 0 5 5 ,1 5 0 ,2 0 7 4 ,9 0 0 ,7 0 7
T exas C e n t r a l.a ....N o v .
7 5 ,3 0 0
8 9 ,4 7 0
4 3 ,4 9 7
5 5 ,0 7 9
July 1 to N ov, 3 0 . . . .
2 8 7 ,1 4 1
2 8 9 ,0 7 2
1 3 5 ,3 7 3
1 5 9 ,0 7 9
Coledo A O .C e n t .a .N o v .
2 5 0 ,2 5 2
2 1 7 ,9 0 0
3 9 ,3 9 7
47.81S
July 1 to N ov. 3 0 . . . . 1 ,2 7 3 ,2 6 2 1 ,0 9 8 ,2 5 5
3 1 3 ,3 0 5
2 9 2 ,0 7 0
T oL P eorlaA W est.b D ec.
9 4 ,5 5 8
9 6 ,7 0 0
1 7.S 96
1 6 ,4 0 6
July l t o Dee. 3 1 . . . 6 0 4 ,2 2 6
6 0 6 ,1 4 1
1 6 0 ,1 3 0
1 5 8,051
T o ro n to H a m .A B u ff.O o t.
5 8 ,4 0 4
3 8 ,6 3 7
2 7 ,0 2 9
1 4 ,6 0 6
U a io n P a c.S y stem a.N o v . 4 ,4 3 8 ,4 9 7 3 ,8 3 9 ,5 1 8 2 ,8 0 3 ,0 5 7 1 ,7 6 8 ,0 2 2
July 1 to N ov. 3 0 .....2 1 ,5 4 8 ,8 5 9 1 9 ,9 1 0 ,9 9 2 1 0 ,6 5 8 ,7 4 0 9 .0 6 3 ,6 1 4
W a b a sh .to ,...
.... N ov. 1 ,6 8 9 ,5 7 3 1 ,4 3 1 ,5 8 4
5 3 5 ,0 6 8
3 7 9 ,9 0 8
July l t o Nov. 3 © . . . . 8 ,8 4 5 ,2 7 8 7 ,5 6 7 ,5 7 7 2 ,6 8 6 ,8 6 7 2 ,2 7 8 ,4 9 0
W. Jersey A SeaSh.bNoy.
2 1 7 ,1 6 3
2 0 6 ,5 6 8
1 0 ,3 1 0
1 7 ,6 1 0
Jan. l t o NOV. 3 0 . . . . 3 ,4 6 5 ,5 8 4 3 ,2 7 6 ,0 8 4
9 8 0 ,9 0 5
0 1 5 ,1 0 5
W. V a. C. A P itts.fo.Sopt
1 0 2 ,1 6 7
9 3 ,8 3 8
3 2 ,1 5 3
4 2 ,3 9 7
July 1 to S e p t 3 0 . . . .
3 0 9 ,5 8 8
2 8 6 ,5 4 6
1 1 1 ,1 5 3
1 2 5 ,1 1 9
Coal D epartm ’t .b . S e p t
......................................
4 4 ,4 8 1
3 1 ,9 4 4
July 1 to S e p t 8 0 . . . .
1 1 2 ,4 7 5
1 5 5 ,7 8 9
Real E st. D e p t h .S e p t
.................................
5 ,5 1 3
9 ,7 1 8
July 1 to S e p t s o .....................................................
2 8 ,u n
0 0 ,1 8 0
T o t a l.b .....................S e p t
......................................
8 2 .097
1 0 8 ,9 3 9
July l t o S e p t 8 0 . . . .
2 4 6 ,8 1 9
3 0 0 .9 8 8
THE CHRONICLE
J a n u a r y 25, 1902. J
- O r o s s E a r n i n g s .—
C u rren t
P r ev io u s
Y ea r.
Y ea r.
R oad s.
3
3
W h e e l. A L . E r i e ___ D e e .
J u ly 1 t o D eo. 3 1 —
W io h it a V a lle y .......... N o v .
W is c o n s i n C e n t r a l b N o v .
J u ly 1 t o N o v . 3 0 . . .
W r ig h t s v . A T e n n .b D e c .
J u ly 1 t o D e c . 3 1 ----Y a z o o & M ia s V a l . a . N o v .
J u l y 1 t o N o v . 3 o ___
2 5 3 ,5 7 9
1 ,7 8 8 ,6 0 5
9 ,5 3 6
4 8 2 ,3 0 3
2 , 6 0 9 ,2 2 6
1 4 ,1 1 6
7 5 ,0 6 9
7 7 5 ,4 9 3
2 ,7 4 6 ,0 0 5
2 5 1 ,6 8 1
1 ,5 4 7 ,2 4 6
6 ,9 3 9
4 3 0 ,3 9 3
2 ,3 3 2 ,1 3 0
C u rren t
Y ea r.
3
4 2 ,2 3 4
5 2 5 ,8 8 6
5 ,9 1 1
$
7 6 ,3 5 8
5 1 5 ,8 8 6
STA l t e r a l l o w i n g l o r o t h e r l n o o m e r e c e i v e d , n e t in N o v e m b e r , 1 9 0 1 ,
w a s $ 7 8 ,7 9 0 a g a i n s t $ 6 1 , 6 9 2 ; f r o m J u l y 1 t o N o v e m b e r 3 0 , 1 9 0 1 ,
$ 3 1 5 ,9 7 6 a g a in s t $ 2 9 8 ,3 7 1 .
I T h e s e f ig u r e s i n c l u d e H o u s t o n & T e x a s C e n t r a l a n d i t s s u b s id i a r y
l i n e s a n d t h e C r o m w e l l S t e a m s h ip L in e .
I t T h e s e f ig u r e s l D d u d e i n b o t h y e a r s r e s u lt s o n K a n s a s C i t y F o r t
S c o t t & M e m p h is R B . a n d F o r t W o r t h A R i o G r a n d e R R .
n I n c l u d e s P a d u c a h & M e m p h is D i v i s i o n f r o m J u l y 1 i n b o t h y e a r s .
* T h e s e fig u r e s i n c l u d e , b e s id e s t h e o l d S a v a n n a h F l o r i d a & W e s t e r n ,
t h e A l a b a m a M id la n d , B r u n s w i c k & W e s t e r n . C h a r le s t o n <S> S a v a n n a h
a n d S i lv e r S p r in g s O c a la & G u l f , a ll o f w h i o h h a v e n o w b e e n c o n s o l i
d a t e d . F o r l a s t y e a r t h e e a r n in g s o f t h e s e s e p a r a t e r o a d s a r e o o m b in e d
f o r p u r p o s e s o f c o m p a r is o n .
t F o r N o v e m b e r , 1 9 0 1 , t a x e s a n d r e n t a l s a m o u n t e d t o $ 1 6 1 ,7 5 9 ,
a g a i n s t $ 1 6 2 ,2 9 2 , a f t e r d e d u c t i n g w h i o h n e t f o r N o v e m b e r , 1 9 0 1 ,
w a s $ 2 , 3 2 7 ,4 6 9 , a g a i n s t $ 1 , 9 0 8 ,7 1 2 . F r o m J u l y 1 t o N o v e m b e r 3 0 ,
1 9 0 1 , t a x e s a n d r e n t a l s a m o u n t e d t o $ 8 4 2 ,7 9 9 , a g a i n s t $ 8 1 6 ,8 6 4 ,
a f t e r d e d u c t in g w h i o h n e t w a s $ 1 0 , 3 1 8 , 4 4 8 , a g a i n s t $ 8 ,1 1 3 ,5 0 4 .
§ N e t e a r n in g s a r e a f t e r a l l o w i n g f o r e x p e n d i t u r e s f o r b e t t e r m e n t s . J
Miscellaneous Companies.
$
Companies.
2 4 ,5 5 8
1 4 1 ,0 3 8
1 8 ,0 6 7
7 4 ,6 2 4
1 8 ,4 3 2
1 5 9 ,1 3 9
4 3 3 ,2 9 4
2 ,3 8 5 ,1 1 6
$
2 2 ,1 6 6
1 1 7 ,3 7 8
1 6 ,7 2 8
7 3 ,0 3 5
1 6 ,1 5 3
1 3 8 ,3 5 0
4 2 7 ,8 3 3
2 ,4 2 8 ,4 8 6
------- N e t E a r n i n g s .— .
C u rren t
Y ea r.
$
4 2 ,1 2 6
1 0 8 ,1 4 5
4 ,4 1 2
7 7 ,3 3 8
P r ev io u s
Y ea r.
$
3 7 ,2 8 0
9 7 ,3 3 9
3 ,5 4 8
6 7 ,6 2 6
9 ,8 1 3
6 2 ,5 0 3
4 ,4 0 8
2 9 ,3 8 0
8 ,0 2 1
4 3 ,6 4 2
1 2 0 ,1 7 7
1 ,0 5 4 ,8 7 0
8 ,8 5 1
2 7 ,8 8 7
1 0 3 ,2 7 0
9 6 8 ,8 5 5
6 ,6 5 5
2 2 ,1 5 9
7 ,1 8 1
6 1 ,7 0 7
9 0 ,6 4 6
6 3 5 ,2 5 0
7 ,3 5 7
7 0 ,7 5 6
9 8 ,5 2 6
5 4 8 ,4 9 4
3 ,4 1 3
2 3 ,3 9 7
Interest Charges and Surplus.—The following roads, I d
addition to their gross and net earnings given in the fore
going, also report charges for interest, &c., with the surplui
above or deficit below those charges.
<------ I n t . , r e n t a l s , e t c . — . r - B a t . o f N e t E a r n ’ s . ~
R oad s.
O u rren t
Y ea r.
3
A t l a n t i o & B i r m ’ g h .D e o .
2 ,0 8 3
J u l y 1 t o D e c . 3 1 ___
1 2 ,6 0 0
B oston R e v . B . & L y n n —
O c t . 1 t o D e c . 3 1 ___
1 2 ,8 9 8
C e n t . N e w E n g la n d .D e c .
1 2 ,9 2 8
J u ly l t o D e c. 3 1 . . . .
7 7 ,7 4 6
O h io . B u r l. A Q u in c y N o v .
8 0 0 ,0 0 0
J u l y 1 t o N o v . 3 0 . . . . 4 , 0 0 0 ,0 0 0
C h ic . & E . I l l i n o i s . . D e c .
1 3 2 ,3 6 8
J u l y 1 t o D e c . 3 1 ___
7 8 8 ,6 8 7
C h ic , R . l B l . A P a o . . , N o v .
3 1 9 ,0 0 0
A p r . 1 t o N o v . 3 0 ___ 2 ,5 5 2 ,0 0 0
C h o c . O k la . & G u l f .N o v .
5 0 ,8 0 7
O le v . C ln .C h . & S t . L . —
J u ly 1 t o D e c. 3 1 —
1 ,4 0 6 ,1 1 9
P e o r ia & E a s t e m .N o v .
3 3 ,6 8 8
J u ly 1 t o N o v . 3 0 . . . .
1 6 8 ,4 4 1
D e n . A R . G r a r n l e . .. N o v .
2 0 8 ,6 9 1
J n ly 1 t o N o v . 3 0 . . . . 1 ,0 2 6 ,4 6 5
D e t r o it S o u t h e r n ...N o v .
2 6 ,5 0 0
J u ly 1 to N o v . 3 0 . . . .
1 3 2 ,5 0 0
D u l . S o . S h . A A t L .. N o v .
7 8 ,6 4 2
J u l y 1 t o N o v 3 0 ___
3 9 3 ,2 0 8
H o o k in g V a l l e y ........ N o v .
7 4 ,4 2 2
J u l y 1 t o N o v . 3 0 ___
3 6 5 ,3 5 6
I n d . 111. A I o w a ........ O c t .
2 4 ,1 4 7
J u ly 1 t o O c t . 3 1 . . . .
9 7 ,0 0 1
K a n a w h a A M tch .. N ov.
1 1 ,4 2 9
J u ly 1 t o N o v . 3 0 ___
5 5 ,7 4 4
M a n is t e e & N o . E . . . O ct.
6 ,0 5 0
Ja n . 1 to O ct. 3 1 . . . .
6 0 ,5 0 5
M in e r a l R a n g e ------ N o v .
8 ,6 1 3
J u ly 1 t o N o v . 3 0 . . . .
4 2 ,8 9 7
M o . K a n . A T e x a s ..N o v .
2 8 0 ,4 8 1
J u l y 1 t o N o v . 3 0 ___ 1 ,5 0 0 ,6 5 4
N a s h v . C h a t . A H t.L .N o v .
1 5 2 ,5 1 0
J u ly 1 t o N o v . 3 0 . . .
7 6 2 ,5 4 9
N e v . -C a l. •O r e g o n . . . N o v.
2 ,2 1 0
J n ly 1 t o N o v . 8 0 . . . .
1 1 ,1 7 0
P r ev io u s
Y ea r.
$
C u rren t
Y ea r.
3
P r ev io u s
Y ea r.
3
2 ,0 8 3
1 2 ,5 0 0
3 ,9 0 7
1 2 ,0 5 9
11
d e f .9 5 2
1 3 ,4 3 0
* d e f .3 ,7 1 1
3 ,7 2 1
5 ,8 9 2
* d e f .4 ,7 9 6
1 5 ,7 2 3
1 8 ,3 0 7
4 7 3 ,6 6 9
4 , 8 3 0 j4 8 2
* 1 4 5 ,5 2 8
* 5 2 3 ,9 7 5
4 0 1 ,6 5 3
3 ,6 3 8 1 2 0 4
1 4 4 ,5 8 1
1 2 ,4 2 8
7 4 ,7 6 2
7 9 7 ,2 6 0
3 ,9 8 6 ,3 0 1
1 3 1 ,8 0 8
7 8 5 ,4 6 3
3 1 6 ,9 9 7
2 ,5 3 5 ,9 7 6
4 2 ,9 1 4
7 9 6 ,6 7 8
5 , 7 5 2 ,3 8 5
* 1 6 7 ,3 4 0
* 7 6 1 ,8 0 0
4 9 1 ,1 9 6
4 ,8 5 7 ,7 1 2
1 5 5 ,8 0 0
C u rren t
Y ea r.
3
P r ev io u s
Y ea r.
f T h ir t y p e r c e n t o l g r o s s e a r n in g s .
B u f f a l o G a s C o ___ D e o .
O ct. l t o D e c. 3 1 . . . .
C o n s o l . G a s C o .,N . J . D e c .
J a n . 1 t o D e c . 3 1 ___
G as & E le c t r ic C o. o f
B e r g e n C o u n t y ..N o v .
J u n e 1 t o N o v . 3 0 ___
J a c k s o n G a s -L . C o . D e c .
M a r . 1 t o D e c . 3 1 ___
L a c le d e G a s L ’ t C o .D e c .
J a n . 1 t o D e c . 3 1 ___
L o w e ll E le c . L t. C o .N o v .
J u l y 1 t o N o v . 3 0 ___
M e x ic a n T e le p h o n e N o v .
M ar. 1 t o N o v . 3 0 . . . .
P a o if io C o a s t C o . - a N o v .
J u ly 1 t o N o v . 3 0 . . .
,------I n t . , r e n t a l s , e t c . ------ , r - B a t . o f N e t E a r n ’
----- N e t E a r n i n g s .—
3 ,5 8 5
1 6 0 ,9 2 6
1 5 3 ,6 4 7
9 8 0 ,6 5 6
8 6 6 ,4 7 7
6 ,1 1 5
1 5 ,8 2 8
7 ,4 6 4
8 9 ,8 2 6
2 9 ,1 7 5
3 9 ,7 6 4
6 8 9 ,0 1 3
3 5 6 ,1 1 1
3 4 8 ,6 0 3
2 , 4 4 8 ,7 6 3
8 1 8 ,9 9 8
9 5 6 ,0 6 2
a n e 'e e a r n i n g s h e r e R i v e n a r e a l t e r d e d u c t i n g t a x e s ,
b N e t e a r n in g s h e re g iv e n a r e b e l o r e d e d u c t in g t a x e s .
c O l t h e b a la n c e h e r e g i v e n t h e r e w a s c h a r g e d o f f l o r r e p a i r s ,
r e p l a c e m e n t s a n d g e n e r a l e x p e n s e s In N o v e m b e r $ 3 7 , 1 5 8 , leaving
$ 1 9 1 ,3 2 2 a p p l i c a b l e t o i n t e r e s t o n b o n d s . F r o m J a n u a r y 1 t o N o v .
3 0 t h e r e w a s c h a r g e d o f f l o r t h is p u r p o s e $ 4 1 2 ,3 1 4 , l e a v i n g a
b a l a n c e o l $ 2 ,2 1 6 ,7 1 1 . T h e s e fig u r e s a r e In M e x lo a n o u r r e n o y , a n d a r e
c o n v e r t ib le In to g o ld a t th e c u r r e n t r a t e o f e x c h a n g e ,
d G r o s s e a r n in g s i n c l u d e o t h e r I n c o m e .
- c r o s s E a r n i n g s .—
C u rren t
P r ev io u s
Y ea r.
Y ea r.
201
1 ,4 6 8 ,4 7 8 1 ,4 5 7 ,0 9 3 1 ,3 5 5 ,6 1 7
3 3 ,7 5 0
2 5 ,2 8 1
2 9 ,0 5 1
1 6 8 ,7 5 0
1 0 9 ,7 0 9
1 2 6 ,0 3 8
2 0 3 ,9 9 1
1 1 4 0 ,7 8 7
1 1 4 3 ,7 0 2
1 ,0 2 3 ,6 0 5 1 1 ,1 2 5 ,8 7 7
1 9 2 5 ,9 3 6
205
1 6 ,1 0 1
7 8 ,4 1 2 * d f . l 8 , 4 2 2 * d f .5 0 ,3 7 7
3 9 1 ,3 4 1
* 5 0 ,9 7 7
* 4 ,8 1 0
6 8 ,3 9 7
* 1 1 6 ,5 8 5
* 1 2 4 ,6 2 0
3 6 4 ,8 0 6
* 0 2 8 ,6 8 8
* 5 0 2 ,4 0 9
2 0 ,7 6 4
2 3 ,2 9 5
2 1 ,8 8 4
8 4 ,6 3 3
1 0 9 ,1 5 8
6 6 ,7 1 8
1 0 ,6 7 2
‘ 8 ,6 5 3
* 1 ,6 8 9
5 3 ,3 1 4
‘ 4 8 ,4 6 0
* 2 1 ,0 0 2
6 ,2 5 8
4 ,5 9 0
5 ,4 5 8
6 2 ,6 7 4
7 2 ,5 0 0
5 7 ,1 8 2
4 ,8 4 6 * d e f. 3 ,9 4 0
* 5 ,7 5 1
2 3 ,3 2 7
* 1 2 ,1 5 7
* 5 4 ,2 7 4
2 8 9 ,7 4 9
2 7 5 ,3 6 8
2 8 1 ,8 5 5
1 ,4 4 6 ,9 5 5 1 ,0 1 0 ,7 3 6
9 4 9 ,8 8 2
1 6 0 ,4 0 4
6 6 ,7 0 3
2 7 ,9 6 8
8 0 4 ,7 0 6
2 8 4 ,7 5 7
3 1 8 ,5 7 3
2 ,2 5 0
2 ,8 0 7
4 ,7 3 1
1 1 ,2 5 0
2 2 ,0 8 1
1 9 ,6 6 3
R oad s.
N o r f o lk A W e » t ’ n . . . N o v .
J u ly 1 t o N o v . 3 0 —
P e r e M a r q u e t t e ___ N o v .
Jan. 1 to N ov . 8 0 . . .
P it t s . 0 . O. A S t. L . N o v .
J a n . 1 t o N o v . 3 0 ___
R e a d in g A ll c o m p a n i e s . . . N o v .
J u ly 1 t o N o v . 3 0 —
R i o G r a n d e J u n c t ’ n. O c t .
D e c . 1 t o O c t . 3 1 -----R io G r a n d e S o u t h . . N o v .
J u ly 1 t o N o v . 8 0 . . .
P r ev io u s
Y ea r.
3
O u rren t
Y ea r.
3
P revU ru s
Y ea r.
1 9 2 ,0 4 1
9 6 0 ,6 8 7
1 2 0 ,9 3 0
1 ,3 5 2 ,0 0 1
4 1 9 .1 0 3
3 , 7 7 6 ,9 1 2
1 8 7 ,5 3 8
9 3 8 ,0 2 5
1 1 2 ,7 5 4
1 ,2 1 2 ,8 1 1
2 9 3 ,3 0 1
3 ,4 2 7 , 9 6 4
3 9 8 ,3 3 9
2 ,1 8 8 ,9 0 4
2 ,7 0 4
6 0 8 ,4 4 2
3 3 9 ,4 2 5
1 ,8 1 6 ,6 0 7
7 0 ,5 0 2
5 8 2 ,6 2 0
9 6 ,7 2 3
1 ,1 4 5 ,5 9 9
8 6 2 ,0 0 0
4 ,3 1 0 ,0 0 0
7 9 0 ,9 8 0
3 ,9 5 4 ,8 9 8
7 ,7 0 8
8 4 ,7 9 2
7 ,7 0 8
8 4 ,7 9 2
1 8 ,0 3 3
9 1 ,1 4 3
8 ,7 5 0
4 3 ,7 5 0
1 7 ,7 8 3
8 9 ,8 9 2
8 ,7 8 0
4 3 ,7 5 0
3 8 2 ,9 4 3
1 ,8 8 6 ,6 2 5
2 2 ,8 6 2
1 3 7 ,1 7 6
S t. J o s . A G r.| Isl’ d . . N o v .
J u ly 1 t o N o v . 3 0 ___
4 8 8 ,1 3 8
8 t. L . A San F r a n ...N o v .
J u ly 1 t o N o v . 3 0 ----- 2 , 1 4 7 , 2 8 0
2 2 ,7 7 1
S a n F r a n . A N o .P a c .D e c .
1 3 6 ,6 2 6
J u ly l t o D e o . 3 1 . . . .
4 ,8 0 0
S o u th . M o . & A r k ...D e o .
3 9 ,1 0 0
Jan. 1 to D ec. 31
S o u t h e r n P a o . C o . . . N o v . a 2 . 3 6 5 ,8 3 0
J u ly 1 t o N o v . 3 0 — a l l 0 6 7 2 5 9
3 9 ,8 5 4
T o l e d o A O h i o C e n ..N o v .
1 9 9 ,4 3 0
J u ly 1 to N o v . 3 0 . . .
2 3 ,0 5 1
T o l P e o . A W e s t ...D e o .
1 8 8 ,3 0 8
J u l y 1 t o D e c . 3 1 ----1 4 ,6 2 1
T o r o n t o H a m . & B u f f .O o t .
2 5 ,5 3 5
W . V a . C e n . A P it t s . i S e p t .
7 6 ,4 9 8
J u l y 1 t o S e p t. 3 0 ----1 4 0 ,0 1 4
W is c o n s i n C e n t r a l ..N o v .
7 0 0 ,9 5 9
J u ly 1 t o N o v . 3 0 ___
1 4 8 ,^ 1 8
1 ,7 6 8 ,7 8 8
5 9 7 ,5 7 8
4 2 4 ,9 5 7
2 ,2 0 8 ,6 1 1
5 7 3 ,5 1 3
1 0 ,7 3 0
1.1 ,1 8 5
7 1 ,8 8 5
6 7 ,1 4 3
4 ,9 7 5
6 ,3 6 6
2 2 ,1 2 9
2 4 ,2 2 1
2 8 ,6 3 0
1 7 ,7 3 9
1 8 3 ,8 2 3
1 7 6 ,0 5 6
* 4 5 8 ,9 2 1
* 3 5 4 ,8 6 7
* 2 ,1 5 7 ,4 6 3 ‘ 1 ,5 9 8 ,0 1 5
d e f . 2 7 , 0 3 5 d e f . 2 0 ,1 1 9
9 3 ,1 2 7
9 0 ,8 8 5
5 ,6 8 3
5 7 ,9 2 7
* 5 2 4 ,3 3 6
* 3 ,1 2 4 ,0 1 1
3 6 ,5 1 9
* d e f .9
* 1 1 5 ,8 2 4
1 7 0 ,8 0 3
2 2 ,7 4 0
d e f.5 ,6 5 5
1 3 6 ,5 0 4
2 1 ,8 2 4
1 4 ,6 6 6
1 3 ,0 0 8
2 5 ,7 3 3
5 6 ,5 6 2
1 7 0 ,3 2 1
7 7 ,2 3 3
1 3 3 ,7 3 4
* 2 3 ,1 7 0
* 2 9 0 ,3 2 1
6 7 4 ,8 8 8
* 1 2 ,5 7 4
* 1 2 1 ,9 8 3
d e f.6 ,3 3 4
2 1 ,5 4 7
d e f.6 0
7 8 ,2 2 6
2 2 3 ,7 5 5
* 2 1 ,5 1 9
* 1 9 8 ,2 5 2
j T h e s e f ig u r e s a r e a f t e r a l l o w i n g f o r o t h e r I n c o m e a n d f o r d i s c o u n t
an d exch a n ge.
A f t e r d e d u c t in g $ 1 0 ,0 0 0 f o r R e n e w a l F u n d a n d
b o n d c o n v e r s i o n in N o v ., 1 9 0 1 , a n d $ 1 0 ,0 0 0 in N o v . , 1 9 0 0 , t h e s u r p lu s
f o r t h e m o n t h is $ 1 3 0 ,7 8 7 , a g a i n s t $ 1 3 3 ,7 0 2 a y e a r a g o . F r o m J u l y 1
t o N o v . 3 0 , 1 9 0 1 , t h e d e d u c t i o n s f o r t h is p u r p o s e w e r e $ 5 0 , 0 0 0 ,
a g a i n s t $ 7 0 ,0 0 0 a y e a r a g o , l e a v i n g a s u r p lu s o f $ 1 , 0 7 5 ,8 7 7 in 1 9 0 1 ,
a g a i n s t $ 8 5 5 ,9 3 6 in 1 9 0 0 .
- A ft e r a llo w in g f o r o t h e r in o o m e r e c e iv e d .
a T h e s e fig u r e s f o r N o v e m b e r i n o lu d e $ 1 ,0 0 4 ,9 3 1 a p p r o p r i a t e d f o r
b e t t e r m e n t s a n d a d d i t i o n s t o p r o p e r t ie s a n d e q u ip m e n t ; f r o m J u l y 1
t o N o v . 3 0 t h e a m o u n t e x p e n d e d f o r t h e s e p u r p o s e s w a s $ 4 , 2 5 6 ,1 9 1 .
Philadelphia Company.
.----- December.------ .
1900.
1901.
$
$
G r o s s e a r n i n g s ................................. .3 7 0 ,8 8 8 2 7 6 ,3 0 1
O p e r a t in g e x p e n s e s a n d t a x e s .1 9 9 ,4 5 1 1 5 2 ,5 4 1
r - J a n . 1 t o D e c . 3 1 . —>
1901.
1900.
$
3 ,1 1 6 ,6 3 0 2 , 4 8 2 , 8 8 0
1 ,8 8 0 ,2 2 5 1 , 5 0 9 ,7 8 5
3
N e t e a r n in g s f r ’ m o p e r a ’ t’ n . .1 7 1 , 4 3 7
5 ,7 5 3
O t h e r i n o o m e t ................................. .
1 2 3 ,7 6 0
5 ,0 2 5
1 ,2 3 6 ,4 0 5
5 1 8 ,7 6 7
T o t a l e a r n ’ g s & o t h e r i n o — .1 7 7 , 1 9 0
D e d u c tio n s fr o m in o o m e * . . . . . . 3 5 ,7 2 6
1 2 9 ,3 8 5
3 1 ,5 8 0
1 ,7 5 5 ,1 7 2 1 ,3 3 7 , 7 6 7
2 9 9 ,2 1 3
2 5 5 ,0 5 0
T o t a l i n c o m e ............................... . 1 4 1 ,4 6 4
9 7 ,8 0 5
1 ,4 5 5 ,9 5 9 1 , 0 8 2 , 7 1 7
I n t e r e s t o n f u n d e d d e b t ............. . 1 7 ,7 0 8
D i v i d e n d s o n p r e f e r r e d s t o c k . 1 6 ,6 6 7
1 7 ,7 0 8
1 6 ,6 6 7
2 1 2 ,5 0 0
1 9 9 ,9 1 8
2 0 8 ,3 3 3
1 9 9 ,9 1 8
3 4 ,3 7 5
3 4 ,3 7 5
4 1 2 ,4 1 8
4 0 8 ,2 5 1
N e t i n c o m e o f c o m p a n y _____ 1 0 7 ,0 8 9
6 3 ,4 3 0
1 ,0 4 3 ,5 4 1
6 7 4 ,4 6 6
1 0 5 ,1 7 8
9 9 8 ,0 0 3
7 3 5 ,9 9 0
A f f il ia t e d C o r p o r a t i o n s ! —
N e t i n o o m e .....................................1 2 7 ,3 8 1
P r o p o r t io n to o th e r s th a n
P h i l a d e l p h i a C o .......................
1 ,5 4 0
P h il. C o .’ s In t. in n e t I n c o m e . 1 2 5 ,8 4 1
9 7 3 ,0 9 5
3 6 4 ,6 7 2
1 ,1 8 5
1 0 ,9 0 3
9 ,2 9 9
1 0 3 ,9 9 3
9 8 7 ,1 0 0
7 2 6 ,6 9 1
‘ T h e s e d e d u c t i o n s i n c l u d e t h e f o l l o w i n g i t e m s : R e n t a l s o f le a s e d g a s
lin e s , i n t e r e s t o n c u r r e n t lia b i lit i e s , i n t e r e s t o n c o n s u m e r s ’ c a s h
a d v a n c e s, e tc.
t T h e n e t e a r n i n g s o f t h e a f f ilia t e d c o r p o r a t i o n s o n l y a p p e a r i n t h e
ln o o m e o f t h e P h ila d e lp h ia C o . a s t h e y a r e d e c l a r e d i n d iv id e n d s .
t I n c l u d e s C o n s o l i d a t e d G a s C o . o f P i t t s b u r g , A l l e g h e n y 111. C o .,
B r a d d o o k G a s & L i g h t C o ., A l l e g h e n y C o u n t y L i g h t C o ., C h a r t i e r s
V a l l e y G a s C o ., U n i o n G a s C o . o f M o K e e s p o r t , E q u i t a b l e G a s C o ..
U n it e d T r a c t i o n o f P i t t s b u r g .
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all s t r e e t railways from which we are able to ob •
tain weekly or monthly returns. The arrangement of the
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 oolumns the earnings
for the oalendar year from January 1 to and including such
latest week or month.
S T R E E T R A IL W A Y S A N D T R A C T IO N C O M P A N IE S .
L a test
G ross
E a r n in g s.
J a n . 1 to L a t e s t D a t e
Gross
E arnings .
A lto n R y . G a s & E le o .
A m e r ic a n R ’ y s . C o .» .
A u g u s t a (G a .) R y . A
E l e o .................................
B in g h a m t o n R R ........
B r ’ k ly n R a p .T r . C o . . .
U h lo a g o A M il. E le o ..
O ln . N e w p . & O o v ___
O ltv E le n . ( R o m a .G a .l
W e e k o r Mo
C u r’ n t
Y ea r.
P rev in s
Y ea r.
O u rren t
Y ea r.
P r ev io u s
Y ea r.
$
3
1 2 ,5 6 7 * 1 2 , 2 9 3
8 2 ,2 7 0 0 8 ,2 0 1
3
3
D ecem ber.
D ecem b er
O c t o b e r ...
D ecem ber.
N ovem ber
D ecem ber.
S e p te m b e r
D ecem ber.
8 7 8 ,5 6 6
7 9 6 ,1 0 8
1 5 7 ,0 4 9
1 6 9 ,9 5 0
1 5 ,7 7 2
1 8 ,0 3 1
1 8 2 ,7 4 2
2 0 3 ,3 4 7
1 8 ,2 1 0 1 6 ,6 3 3
9 9 7 ,8 1 3 9 4 2 ,0 1 8 1 1 4 6 1 7 5 9 1 1 0 0 8 0 8 4
1 4 0 ,6 8 5
1 7 1 ,1 7 2
9 ,6 1 9
1 1 ,7 1 9
6 8 8 .7 1 0
6 1 0 ,6 4 2
4 0 .7 1 2
4 1 .2 5 1
3 .7 3 6
3 ,5 8 1
THE CHRONICLE
202
GfcOSB
EjUUUMOS.
O le*.C hagrin K’ s El'o.
O lerelaiid Jt E astern.
C levelan d E lectric ..
Olevo. Kir A W e s t...
(Jleve, Baluev. & E ...
Oeaeol. T rao. (P u ts.)
Dart.cn W’ u ortB t.R y .
D enver c it y T ra m ....
L a test
O u r’n t
Y ea r.
P r e o 'u *
Y ea r.
O u rren t
Y ea r.
*
*
*
N ovem ber
November
D e c e m b e r . 100,088
D ecem ber.
1 8 ,4 0 0
1 1 ,9 2 0
D ecem ber.
N o v e m b e r 2 0 6 ,8 3 9
December.
7 ,9 0 3
D e c e m b e r 1 3 2 ,5 0 s
D e t r o i t U n it e d ............ 2d wk Jan. 5 5 ,3 4 1
4 ,7 8 1
R a p id H a l lw a y ........ 2d w k J a n .
T o ta l....................... lid wk J an. 6 0 ,1 2 5
D a lu t h - 8 u p . T r a c t . )
4 0 .3 0 9
D ecem ber.
D u lu t h Bt. B y ___ J
E l g i n A u r o r a A S o u D e c e m b e r . 3 0 ,1 9 9
10,010
G a l v e s t o n C i t y ........... N o v e m b e r
3 2 ,1 0 3
H a r r is b u r g T r a c tio n . O cto b e r . ..
In te r n a t’ l T r a c t io n —
( B u f f a l o ) .................. .. N o v e m b e r 2 7 6 ,6 2 2
L e h i g h T r a c t i o n .......... D e c e m b e r .
1 0 ,7 2 1
1 2 ,0 4 7
L o n d o n Bt. B y .( C a n .) .December,
5 ,5 9 9
M a d . (W in .) T r a c t io n D e c e m b e r .
M u a E l e c . C o . ' a ........ N o v e m b e r 1 3 1 .0 3 0
M o n t r e a l S t r e e t R y .. D e c e m b e r . 1 5 8 ,1 9 6
7 ,6 5 4
M u s c a t in e Bt. R y ___ December.
9 ,1 7 4
N e w C a s t le T r a c t i o n . N o v e m b e r
4 673
N e w L o n d o n Bt. R y . . D e c e m b e r
N o r t h e r n O h io T r a c t . D e c e m b e r . 5 3 .4 8 5
4 638
O le a n B t. R y ............... D e c e m b e r .
O r a n g e C o. T r a c tio n . D e ce m b e r .
6 ,8 7 0
P h i l a d e l p h i a c o m p 'y D e c e m b e r . 3 7 0 ,8 8 8
P o tts v ’ e u n io n T ra c. D e ce m b e r.
1 8 ,9 9 5
R a i l w a y s O o .G e m —
1 7 ,3 7 2
R o a d s ........................... D e c e m b e r .
2 ,1 7 7
L ig h t C o ’ s ................... D e c e m b e r .
R i c h m o n d T r a c t i o n . . S e p t e m b e r 2 0 ,9 9 1
S a c r a m e n t o E le c t r ic
G a s A R y ..................... D e c e m b e r . 3 7 ,9 7 8
Bt. L o u is T r a n s i t ___ D e c e m b e r . 4 6 4 ,8 0 7
S c h u y l k i l l T r a c t i o n . D e c e m b e r . 1 0 ,3 5 6
t 2 ,6 3 8
S c r a n to n R a ilw a y ... O c t o b e r ...
1 8 ,1 9 0
B l o u x C i t y T r a c t ........ D e c e m b e r
2 5 .3 0 9
S o u t h e r n O h io T r a c t D e c e m b e r
3 1 ,9 6 1
T acom a R y. A P ow er N ovem ber
T o l e d o R y s . A L i g h t - D e o e m b e r . 8 6 ,1 6 9
T o r o n t o R y . ................... D e c e m b e r . 1 4 5 ,3 9 8
T w in C i t y R a p . T r a n D e c e m b e r . 2 9 4 ,3 4 1
O n io n (N . B e d f o r d ) . . D e c e m b e r . 2 3 ,8 5 1
U n ite d T r a o t io n — >
D e c e m b e r . 1 2 4 ,7 0 8
A lb a n y C ity J
U n it e d T r a c t . (P it t s .) D e c e m b e r . 1 7 7 ,3 6 6
U n i t e d T r a c t . ( P r o v .) D e c e m b e r . 2 1 7 ,5 0 0
Previous
3 6 ,8 3 9
4 5 3 ,2 1 0
2 7 ,6 9 5
3 6 1 ,6 0 3
R oad s.
O u rren t
Y ea r.
$
i
I n t e r n ’ l T r . ( B u t t .) ..N o v .
J u ly 1 t o N o v . 3 0 ___
2 7 0 ,0 2 2
2 ,0 5 9 ,4 0 0
$
2 3 3 ,9 3 5
1 , 2 2 9 ,2 8 4
$
1 0 2 ,4 2 7
1 ,4 5 5 ,6 1 8
$
1 0 9 ,3 3 6
6 3 5 .4 8 0
L e h ig h T r a o t i o n ___ D e o .
Jan . 1 tb D ec. 3 1 . . . .
1 0 ,7 2 1
1 2 8 ,9 4 9
1 0 ,1 * 8
1 1 1 ,8 5 4
5 ,8 9 8
0 9 ,2 3 1
6 ,1 8 9
5 7 ,6 8 7
L o n d .B t . K y . ( O a n . ) a N o v .
J a n . 1 t o N o v . 3 0 ___
1 2 ,0 8 4
1 2 8 ,8 9 8
1 0 ,4 2 5
1 0 8 ,0 0 6
6 ,0 8 2
5 0 ,6 2 1
5 ,8 1 9
3 3 ,8 1 8
L y n c h b u r g (V a .) T r a c t i o n
A L ig h tM ay 1 to O c t 3 1 . . . .
8 3 ,3 5 9
3 1 2 ,3 1 4
2 7 ,1 0 3
2 3 8 ,9 3 5 1 ,2 7 5 ,3 5 9
1 0 ,1 4 3
1 2 8 ,9 4 9
1 4 1 ,8 4 5
1 1 ,0 4 3
6 9 ,8 6 2
4 0 1 ,7 0 9 5 ,4 3 1 ,2 0 3
1 4 8 ,6 3 7 1 ,9 1 4 .7 9 2
6 ,6 1 8
7 3 ,4 3 i
7 ,1 4 9
1 1 5 ,0 8 0
4 ,0 3 1
6 9 ,1 3 8
3 8 ,3 9 5
6 1 7 ,0 1 1
6 4 ,2 6 7
4 ,4 2 8
6 ,7 9 9
1 0 1 ,5 7 5
2 7 6 ,3 0 1 3 ,1 1 6 ,6 3 1
1 7 3 ,2 1 0
12,101
1 4 ,3 1 2
2 ,0 2 8
2 0 ,7 2 7
2 1 8 ,1 3 4
2 0 ,0 2 7
1 6 9 .7 4 8
3 1 ,4 6 8
4 5 7 ,3 6 0
1 0 ,1 8 7
4 8 .7 8 0
1 6 ,6 0 3
2 4 .7 4 4
2 6 .0 3 6
7 7 ,5 9 9
1 2 7 ,0 9 6
256 819
2 0 ,5 0 6
4 1 8 ,2 8 2
5 ,7 7 7 ,6 0 0
1 4 0 ,0 9 7
5 0 8 ,1 8 9
2 0 6 ,8 6 8
3 3 7 ,7 4 1
346 397
1 ,2 7 0 .8 7 5
1 ,6 3 6 ,8 6 1
3 ,1 7 3 ,9 7 5
2 8 0 ,3 2 1
2 ,4 5 0 ,5 9 8
1 1 1 ,8 5 4
1 1 9 ,1 0 9
5 ,1 6 7 ,1 4 3
1 ,8 0 1 ,0 4 0
6 9 .1 7 6
1 1 9 ,5 5 6
6 1 ,8 4 5
5 1 3 ,7 2 5
5 1 ,4 1 6
9 7 ,3 6 3
2 ,4 8 2 ,0 8 1
1 4 2 ,4 6 6
1 5 6 ,9 0 9
3 7 2 ,2 6 8
4 ,4 6 2 ,9 9 2
1 1 5 ,6 7 6
5 0 4 ,8 5 0
2 9 4 .9 0 7
2 6 5 ,1 8 5
1 ,1 4 8 ,2 6 8
1 ,4 8 4 ,5 9 7
2 ,8 3 9 ,3 5 4
2 5 0 ,9 9 3
1 1 8 ,1 7 1 1 ,3 6 9 ,1 5 7 1 ,3 4 8 ,3 1 3
1 0 7 ,0 7 1
2 0 3 ,0 0 3 2 , 6 7 4 ,0 8 9 2 ,3 7 7 ,3 3 2
• E a r n in g s f o r D e o e m b e r , 1 9 0 0 , In clu d e
w h i c h d o e s n o t a p p e a r in 1 9 0 1 .
§ T h e s e a r e r e s u lt s f o r p r o p e r t i e s o w n e d ,
P r e v io u s
Y ea r.
Y ea r.
4 3 ,1 5 2
4 3 ,6 7 0
4 ,2 2 7
8 2 ,9 1 6
6 7 ,7 2 2
5 ,5 9 1
1 8 5 ,4 5 5 2 ,2 9 6 ,8 9 8 2 ,0 6 1 .5 0 5
2 4 9 ,2 5 9
1 6 ,0 2 3
179 697
1 4 1 ,1 1 2
1 6 4 ,9 7 1
9 ,9 2 6
2 3 5 ,5 4 6 2 ,7 9 6 ,3 9 6 2 ,6 0 3 ,1 4 0
1 2 1 ,6 8 4
1 0 3 ,5 3 0
7 ,8 2 4
1 1 4 ,5 6 2 1 ,5 0 7 .2 9 3 1 ,3 0 2 ,2 9 0
1 1 2 ,6 8 2
9 6 ,6 9 0
4 7 .8 9 9
9 ,4 9 6
1 0 ,5 5 7
4 ,5 8 9
1 2 3 ,2 8 9
1 0 6 ,0 8 6
5 2 ,4 8 s
4 ,3 0 5
7 ,7 5 *
,---- Dross E a rn in g s. ---- . ,---- N et E a rn in g*.
J an . 1 to L a test D ate
th r o e s M a m m y * .
W eek, o r H o
[V ol. L X X IV .
a n u n u s u a l Ite m o f $ 1 ,5 9 1
P r e v io u s
Y ea r.
O u rren t
Y ea r.
3 3 ,2 9 6
1 ,1 8 5
5 ,5 9 9
M a d is o n T r a c t i o n . D e o .
M o n t r e a l 8 t. R y ___ D e c .
O ct. 1 to D ec. 3 1 . . . .
1 5 8 ,1 9 0
4 7 9 ,1 0 9
1 4 8 ,0 3 7
4 5 5 ,5 2 9
5 2 ,5 8 9
1 9 1 ,8 6 2
5 1 ,9 0 1
1 7 6 ,7 2 4
N e w C a s t le T r a c t . . - N o v .
J u ly 1 t o N o v . 3 0 ___
9 ,4 7 4
5 9 ,0 6 0
7 ,1 4 9
5 7 ,4 0 2
2 ,5 0 *
2 0 ,5 3 6
798
2 1 ,7 3 5
N e w L o n d o n S t. R y .D e o .
J u ly 1 t o D e o . 3 1 ___
4 ,6 7 3
4 3 ,0 5 1
4 ,0 3 1
3 9 ,8 2 0
1 ,0 6 5
1 9 ,0 5 7
780
1 5 ,5 1 0
N o r t h e r n O h io T r a o . D e c .
J a m 1 t o D e o . 3 1 ___
5 3 ,4 8 5
6 1 7 ,0 1 1
3 8 ,3 9 5
5 1 3 ,7 2 5
2 2 ,5 1 7
2 0 6 ,1 6 6
1 6 ,3 0 6
1 9 6 ,2 4 9
O le a n S t r e e t R y ___ D e c .
J u ly 1 to D eo. 3 1 . . .
4 ,6 3 8
3 0 ,5 1 4
4 ,4 2 8
2 8 ,2 6 5
1 ,7 5 4
1 6 ,5 5 4
2 ,2 4 5
1 5 ,0 7 7
O r a n g e C o . T r a o ___ D e o .
J u l y 1 t o D e c . 3 1 ___
0 ,8 7 6
5 9 ,7 9 2
6 ,7 9 9
5 6 ,5 5 3
2 ,8 9 4
2 6 ,5 4 4
2 ,4 9 7
2 8 ,8 7 5
P o tt s v llle U n . T r a c . —
J a m 1 t o D e o . 3 1 ___
1 7 3 ,2 1 0
1 4 2 ,4 6 6
7 9 ,4 4 4
0 4 ,9 7 9
9 ,9 5 7
9 4 ,8 5 8
R i c h m o n d T r a o t i o n .S e p t .
O c t . 1 t o S e p t. 3 0 —
2 0 ,9 9 1
2 1 8 ,5 7 0
2 0 ,7 2 7
2 0 3 ,0 5 6
5 ,3 2 2
7 9 ,0 2 7
S a cra m e n to E le c tr ic G as
A R a i l w a y C o ........D e o .
F e b . 1 t o D e o . 3 1 ___
3 7 ,9 7 8
3 8 6 ,1 7 7
3 1 ,4 6 8
3 4 3 ,5 0 7
2 2 ,6 8 6
2 0 7 .3 4 5
1 8 ,0 4 0
1 8 7 ,5 3 *
S o r a n to n R a ilw a y ..O c t .
J u l y 1 t o O c t , 3 1 ------
t 2 ,6 3 8
1 9 7 ,0 6 2
4 8 ,7 8 0
2 1 9 ,0 0 3
1 d f.2 6 .6 6 l
0 9 ,4 2 8
1 3 ,9 9 3
9 0 ,5 1 0
S o u t h . O h io T r a c t . D e o .
J a n . 1 t o D e o . 3 1 ____
2 5 ,3 0 9
3 3 7 ,7 4 1
2 4 ,7 4 4
2 9 4 ,9 0 7
1 0 ,5 2 8
1 5 4 ,7 8 7
1 0 ,4 0 5
1 4 0 ,5 * 2
3 1 ,9 6 4
2 6 ,0 3 6
1 1 ,1 4 1
5 ,2 9 3
1 1 3 ,0 7 7
1 , 1 8 4 ,7 0 6
2 9 4 ,3 4 1
3 ,1 7 3 ,9 7 5
1 0 2 ,0 5 3
1 ,0 7 0 ,6 6 9
2 5 6 ,8 1 9
2 ,8 3 9 , 3 5 4
5 5 ,8 0 4
6 1 1 ,9 3 0
1 7 0 ,2 3 5
1 ,7 4 8 ,5 2 4
5 0 ,0 1 5
5 0 7 ,1 6 0
3 6 4 ,2 5 2
3 4 6 ,5 6 3
1 7 7 ,3 6 6
1 6 7 ,0 7 1
1 0 1 ,8 1 0
6 6 ,3 5 1
T a c o m a R y . A P ___ N o v .
T o l e d o R y e . A L t . a .N o v .
Jam 4 to N ov. 3 o —
T w in C it y R a p . T r . b D e c .
Jam 1 to D eo. 31 —
U n ite d T ra o . (A lb a n y ) b —
O e t. 1 t o D e c . 3 1 —
U n it e d T r a o . ( P i t t s . ) D e c .
1 5 2 ,1 1 5
1 ,5 3 4 ,6 6 6
1 0 9 ,7 5 6
7 8 ,9 5 1
a N e t e a r n in g s h e r e g iv e n a r e a f t e r d e d u c t in g t a x e s ,
b N et e a r n in g s
h e re g iv e n a r e b e fo r e d e d u c t in g t a x e s ,
c E a r n in g s f o r D e o e m b e r , 1 9 0 0 , i n c l u d e d a n u n u s u a l I t e m o f $ 1 , 5 9 1
w h i c h d o e s n o t a p p e a r in 1 9 0 1 .
* T h e e a r n in g s o f t h e R a p i d R a i l w a y a r e in o l u d e d i n t h e s e f ig u r e s
fr o m J u ly 1 o n ly .
t S t r ik e o f e m p l o y e s d u r i n g O o t o b e r , 1 9 0 1 .
J T a x e s a n d t o l l s fr o m J a n u a r y 1 t o S e p t. 3 0 , 1 9 0 1 , $ 1 1 6 ,7 8 3 ,
a g a i n s t $ 1 3 5 ,1 1 9 . A f t e r d e d u c t i n g t h e s e i t e m s t h e n e t f r o m J a n . 1
t o S e p t . 3 0 , 1 9 0 1 , $ 2 4 6 ,3 6 2 , a g a i n s t $ 2 1 5 ,3 7 0 .
t S t r i k e o f e m p l o y e s In O o t o b e r , 1 9 0 1 .
Street Kailway Net Earniags.—In the follow ing we show
both the gross and the net earnings to latest dates of all S t r e e t
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns of the
different roads are published by us each week as soon as re
Interest Charges and Surplus.—The following Street
ceived, and once a month (on the third or the fourth Satur railways, in addition to their gross and net earnings given in
day of the month) we bring together all the reads reoorting, the foregoing, also report charges for interest, &o., with the
as is done to-day.
surplus or deficit above or below those charges.
------- G r o s s E a r n i n g s . — - .»------ N e t E a r n i n g s .—
O u rren t
Y ea r.
R oad s.
A lt o n R y . G a s A E l.D e c .
J u ly 1 to D eo. 3 1 . . . .
*
1 2 ,5 6 7
7 1 ,5 4 3
P r e v io u s
Y ea r.
$
c 1 2 ,2 9 3
6 2 ,0 0 7
A m e r . L i g h t A T r a o .D e c .
A m e r i c a n R a l l w ’ y s .N o v .
J u l y 1 t o N o v . 3 o ____
A u g u s ta R y . A E le c .O o t
J a n . 1 t o O c t . 3 1 ----B in g h a m to n R R .b . D e c.
J u ly 1 t o D e c . 3 1 ..
B r o o k ly n R a p . T r .a N o v .
J u ly 1 t o N o v . 3 o
C h i c . & M ilw . E l e o .D e o .
J a m 1 t o D e o . 3 1 ___
C in . N e w p . A C o v .—
J a m 1 t o S e p t. 3 0 —
O lt y E le o (R o m e ,G a )D e c .
J a m 1 t o D e c . 3 i ____
C L A C h a g . F . E le o .a N o v
J a m 1 t o N o v . 3 0 ___
C le v . A E a s t e r n .a ..N o v .
J a m 1 t o N o v . 3 0 ___
C le v e la n d E l e o .a .. D e o .
J a m 1 t o D e o . 3 1 ....
C le v . E l y r i a A W e s t .D e c .
J a m 1 t o D e c . 3 t ___
C le v .P a ln e s v .A E .a D e o .
J a m 1 t o D e o . 3 i _.
C o n s .T r . ( P i t t s b .). b . N o v .
A p r . 1 t o N o v . 3 0 ___
D e n v . C ity T r ’ m w .b D e o .
Jam 1 to D ec. 3 1 . . .
D e t r o it U n it e d .a ...D e o .
J a m 1 t o D e o . 3 t ___
R a p id R a ilw a y .a .D e c .
T o t a l.s i. _____ D e c .
J a m 1 t o D e c . 3 r ___ *
D u lu th -S u p . T r a o ..O c t .
J a m 1 t o O ct. 31 —
E l g in A u r o r a 'A S o . a D e o .
J u n e 1 to D eo. 3 1 . ..
G a l v e s t o n C i t y R y . .N o v .
a r r is b ’ g T r a c t ’n ..O c t .
1 8 ,0 3 1
1 6 9 ,9 5 0
1 8 ,2 4 0
1 1 2 ,6 5 8
9 9 7 ,8 1 3
5 ,4 9 8 ,5 2 0
1 1 ,7 1 9
1 7 1 ,1 7 2
6 1 0 ,6 4 2
3 ,5 8 1
4 1 ,2 5 1
4 ,3 0 5
4 3 ,6 7 0
7 ,7 5 3
8 2 ,9 1 6
1 9 9 ,6 8 8
2 ,2 9 6 ,8 9 8
1 9 ,4 0 6
2 4 9 ,2 5 9
1 1 ,9 2 0
1 6 4 ,9 7 1
2 6 6 ,8 3 9
2 ,1 1 4 ,2 6 7
1 3 2 ,5 0 9
1 ,5 0 7 ,2 9 3
2 7 1 ,4 4 1
2 ,9 1 9 ,1 7 1
3 0 ,7 1 1
3 0 2 ,1 5 2
3 ,1 3 4 ,8 1 8
3 8 ,6 7 8
3 7 3 ,9 4 5
3 0 ,1 9 9
2 2 6 ,6 3 1
1 5 ,7 7 2
1 5 7 ,0 4 9
1 6 ,6 3 3
1 0 0 ,2 2 2
9 4 2 ,0 1 8
5 ,1 5 9 ,9 3 1
9 ,6 1 9
1 4 0 ,6 8 5
$
c 6 ,9 8 5
3 1 ,3 9 7
9 5 ,5 0 3
2 9 ,6 1 3
1 8 7 ,8 8 9
8 ,0 1 9
6 7 ,6 7 1
1 0 ,9 3 0
5 6 ,7 2 7
2 6 6 ,9 7 3
1 ,7 3 6 ,1 6 1
8 1 ,2 0 3
2 3 ,2 5 4
1 6 9 ,3 1 3
6 ,1 0 4
6 5 ,2 6 4
9 ,4 3 2
5 0 ,7 7 1
5 ,9 3 8
9 7 ,1 5 7
1 3 6 3 ,1 4 5
4 ,2 2 7
4 5 ,1 5 2
5 ,5 9 1
5 7 ,7 2 2
1 8 5 ,4 5 5
2 ,0 6 1 ,5 0 5
1 6 ,0 2 3
1 7 9 ,6 9 7
9 ,9 2 6
1 4 1 ,1 1 2
537
1 4 ,0 8 7
2 ,4 2 1
3 4 ,4 5 9
2 3 5 ,5 4 5
1 ,9 6 8 ,3 9 1
1 1 4 ,5 6 2
1 ,3 0 2 ,2 9 0
2 3 9 ,3 2 1
2 ,5 7 5 , 2 7 6
3 7 ,1 1 6
2 7 .5 9 5
1 9 5 ,5 4 4
2 7 ,1 0 3
681
5 ,6 5 6
9 1 ,9 1 8
1 ,0 3 0 ,9 4 5
8 ,3 0 9
1 1 2 ,3 9 5
5 .2 3 9
7 7 ,8 6 9
1 4 0 ,6 2 4
1 ,1 0 9 ,5 5 7
6 5 ,0 3 0
6 8 8 ,9 6 4
1 1 8 ,0 3 7
1 ,3 2 2 ,4 0 6
1 3 ,0 3 4
1 3 1 ,0 7 1
* 1 ,4 2 1 ,0 2 6
1 6 ,1 5 5 .
1 6 4 ,8 7 0
1 1 ,6 2 0
1 0 5 ,9 9 1
2 ,1 3 4
9 ,5 9 2
.— - I n t . , r e n t a l s , e t c . —
P r ev io u s
Y ea r.
$
5 ,8 0 6
3 5 ,3 4 2
5 8 8 ,7 1 0
3 ,7 3 6
4 0 ,7 1 2
1 0 ,0 1 0
3 2 ,1 0 3
O u rren t
Y ea r.
3 1 4 ,0 5 9
1 ,9 3 0 , 4 4 7
4 ,0 4 4
8 1 ,1 6 9
1 3 5 0 .4 8 9
1 ,2 3 1
8 ,5 8 1
1 ,8 1 5
1 4 ,5 5 2
2 ,5 0 6
2 4 ,7 8 1
8 4 ,0 1 8
9 4 0 ,4 6 8
6 ,6 2 2
6 9 ,5 7 7
2 ,8 4 2
7 1 ,5 2 0
1 2 8 ,9 5 7
1 ,0 6 4 ,2 2 0
5 6 ,1 1 8
5 7 9 ,8 3 9
1 1 0 ,2 2 1
1 ,1 3 6 ,2 1 9
O u rren t
Y ea r.
. r - B a l . o f N e t E a r n ’ * . —.
P r e v io u s
Y ea r.
O u rren t
Y ea r.
C l. A C h a g . F . E l e c . . N o v .
J a n . 1 t o N o v . 3 0 -----
1 ,4 0 4
1 2 .6 4 2
1 ,4 1 6
1 2 ,3 2 2
$
d e f.8 6 7
1 ,4 4 5
C le v . & E a s te r n — N o v .
Jam 1 to N ov. 3 0 . .. .
3 ,4 7 9
3 9 ,1 3 2
2 1 ,7 0 4
2 4 4 ,2 3 1
6 ,0 4 2
7 2 .5 0 0
3 ,2 9 7
3 0 ,8 6 5
1 9 ,4 7 5
2 5 8 ,4 8 3
d e f . 1 ,0 5 8
d e f.4 ,6 7 3
7 0 ,2 1 4
7 8 6 ,7 1 4
d e f.8 0 3
5 ,3 6 9
6 2 ,6 4 9
5 0 7 ,4 7 4
6 ,0 4 2
7 2 ,5 0 0
8 3 ,0 5 0
4 9 7 ,8 0 1
3 2 ,4 3 0
3 8 3 ,1 7 9
3 1 ,0 7 1
3 7 4 ,2 9 1
7 3 4 ,3 7 8
9 3 ,3 9 9
5 0 1 ,5 3 3
8 0 ,9 4 1
4 0 5 ,4 9 2
2 ,1 7 5
2 1 ,9 7 5
R oad s.
C le v e la n d E le c t r ic .D e e .
Jam 1 to D e c. 31 . . .
C le v . P a l n e s v . A E .D e c .
Jam 1 to D ec. 3 i .. _ .
C o n s. T r a o . (P it t s b .)N o v .
A pr. 1 to N ov . 30 . . .
O e n v ’ r C ity T r a m w .D e c .
Jan. 1 to D ec. 3 i —
P r e v io u s
Y ea r.
*
d e f.1 0 1
2 ,2 3 0
d e f.7 9 1
d e f.6 ,0 8 4
H 0 7 .7 2 3
t 8 3 2 ,7 0 3
3 2 ,6 0 0
8 0 5 ,7 8 5
6 4 ,5 4 3
6 8 1 ,9 8 5
d e f.3 ,2 0 0
d e f.9 8 0
t 9 3 ,9 0 2
1 7 9 2 ,2 8 5
2 5 ,0 4 7
2 0 5 ,5 4 8
1 ,6 4 7
1 9 ,9 4 1
* 7 1 0 ,8 6 8
* 1 6 ,1 1 6
1 , 0 5 6 ,0 8 8
3 ,9 0 7
2 8 ,6 4 6
* 3 3 ,9 0 0
* 2 7 2 ,0 3 7
3 ,6 7 2
1 3 ,3 7 7
1 8 ,7 5 0
1 5 ,1 8 5
4 4 ,5 3 0
1 2 ,4 0 0
1 3 6 ,2 4 8
9 ,2 2 0
2 8 ,0 1 7
1 0 ,4 1 7
1 4 5 ,1 9 8
1 4 ,5 4 6
3 7 ,4 0 4
1 4 7 ,8 2 6
1 0 ,1 1 7
1 2 9 ,9 1 8
4 2 ,6 8 1
1 4 8 ,7 0 7
5 ,8 8 9
5 1 ,0 5 1
9 ,7 2 6
1 0 3 ,8 1 9
7 5 ,8 5 0
8 8 8 ,1 3 7
9 ,1 9 5
9 8 ,5 5 7
6 4 ,2 0 2
8 2 9 ,0 7 6
9 4 ,3 8 5
8 6 0 ,8 8 7
6 3 ,3 1 4
6 9 ,7 0 3
5 4 .3 9 4
• 4 4 .S 9 0
1 2 ,0 5 9
Detroit U n i t e d J a m 1 t o D e e . 3 1 .a . .
I n t e r n a t ’ l T r . ( B u f f .) N o v .
J u ly 1 t o N o v . 3 0 . . . .
L o n d o n S tre e t R y ..N o v .
J a m 1 t o N o v . 3 0 ----L y n c h b u r g ( V a .) T r a c t i o n
A L ig h tM a y 1 to O ct. 3 1 . . . .
M o n t r e a l St. R y — D e o .
O ct. 1 t o D eo. 3 1 —
N o r t h e r n O h io T r a c .D e o .
J a n 1 to D ee. 3 i ..
S a cra m e n to E le c t r ic G a s
A R a i l w a y C o ........D e c .
F eb. 1 to D ec. 3 1 .. .
T w i n C i t y R a p . T r ...D e o .
Jam 1 to D ec. 3 1 . .. .
U n it e d T r a c . ( A l b a n y ) —
O c t . 1 t o D e o . 3 1 -----U n lt e d T r a o . ( P i t t s . ) D e c .
5 4 ,2 9 2
1 2 .9 6 0
1 0 3 .6 2 6
S .8 4 5
8 8 ,9 7 7
8 7 ,9 1 3
7 0 5 ,5 9 0
* 5 0 ,5 1 1
2 4 ,6 5 7
a R e s u l t s o n R a p id R a i l w a y a r e i n c l u d e d f r o m J u l y 1 o n l y
1 6 ,5 0 4
9 ,3 7 7
7 1 ,9 8 6
9 ,0 1 0
* A ft e r a llo w in g f o r o t h e r In co m e r e c e iv e d .
t T h e s e f ig u r e s i n o l u d e o t h e r I n c o m e . A f t e r d e d u c t i n g $ 8 6 . 1 4 S f o r
it e r e s t o n f u n d e d d e b t a n d d i v i d e n d s o n p r e f e r r e d s t o c k i n N o v ..
9 0 1 , a n d $ 8 6 ,4 7 6 in 1 9 0 0 . t h e r e Is a s u r p lu s o f $ 8 1 , 5 8 0 t h is y e a r ,
g a in s t $ 7 , 4 2 6 l a s t y e a r . F r o m A p r i l 1 t o N o v . SO. 1 9 0 1 , t h e d e d u o
o n f o r I n t e r e s t a n d d i v i d e n d s w a s $ 6 9 0 ,6 4 4 , a g a i n s t $ 6 9 2 ,0 9 6 tu
9 0 0 ,1 c a v i n g a s u r p l u s o f $ 1 4 2 ,0 5 9 t h is y e a r , a g a i n s t $ 1 0 0 ,1 8 9 la s t
J an u ary
THE CHRONICLE
2.r>, 1902.]
^ ------------- ... ■-
ANNUAL
Choctaw Oklahoma & Wolf Railroad.
R EP O R TS.
203
_____L.
(F o r the yea r en ding O ct . 31 , 1901,)
The report of President (iowen, together with the princi
pal financial tables, is published on pages 2l2 to 215 of to
day’s CHRONICLE. In last week s issue, on page 149, w i l l l>e
(R e p o r t fo r the ye a r ending N o v. SO, 1901. J
found a comparative statement of the income account for
On pages 209 to 212 are published extracts from President two years. The balance sheets of Oct. 81 compare as follows:
Walter’s report for the year, together with the income ac
BALANCE SHEET OCT. 31.
1901.
1900.
count and balance sheet in full. The comparative state
1901.
LUihiliHes —
1900.
Amteta—
F ra n oh. ft prop.$21,005,407 $19,834,004 ( Common stock. $8,800,000 $0,900,000
ments of income accounts for three years past were given in Stocks
2.970
0.000,000
2.970
Pref. sto ck .. . .
owned...
0,000,000
the last issue of the Chronicle on page 148. Following are E q u ip . o w n e d .. 1.237,304
1,229,730 den. M. bonds. 6.000,000
4,986,000
First
M.
Choc.
Eq
u
ip
,
lo
o
se
d
..
1,719,003
the operating statistics for several years :
& Mem. bonds 3,626,000
174,203
120,260
3,626,000
M atorT ft supo.
Lehlgli Talley Railway.
O P E R ATIO N S, E T C ., INCLUDING R E V E N U E OPERATIONS O N LY .
M iles o p era ted ......................................
1 9 0 0 -0 1 .
1 ,3 9 9
1 8 9 9 -0 0 .
1 ,3 9 9 .
1 8 9 8 -9 9 .
1 ,4 0 4
O p era tio n s—
A n th racite coal carried ( t o n e ) ...
B itm n. coal & coke car'd (to n s).
M lsoel. freight carried (tone) . . . .
9 ,5 4 7 ,1 1 7
1 ,0 8 1 ,2 3 1
9 ,1 7 7 ,2 7 6
7 ,7 6 1 ,0 5 8
1 ,1 1 4 ,1 6 2
8 ,5 5 5 ,2 5 0
8 ,4 0 1 ,0 7 7
7 9 4 ,8 8 7
8 ,4 6 7 ,0 4 6
T otal tons c a rrie d ...................... 1 9 ,8 0 5 ,6 2 4 1 7 ,4 3 0 ,4 7 0
1 7 ,6 6 3 ,0 1 0
T otal tons carried 1 m ile .............. 3 8 0 5 8 6 5 2 4 5 3 2 7 8 2 3 6 2 3 2 3 2 7 8 4 4 1 4 6 4
A v . rate per to n p e r m ., t o t a l___ 0*542 ots. 0*542 cts.
0*527 ots.
N u m ber passen gers carried ........
4 ,4 3 1 ,5 0 7
4 ,7 1 7 ,8 4 9
4 ,6 0 4 ,9 3 2
N um ber pass, carried 1 m ile........2 0 7 ,8 5 4 ,7 0 9 1 5 9 ,7 5 1 ,9 5 9 1 5 1 ,9 0 5 ,5 4 4
A v . rate per pass, per m ile ............ 1*749 ots.
1 ,8 5 2 ots.
1 ,8 1 7 ots.
Assets—
1901.
R ailroad —co st o f r o a d .........................
$ 1 8 ,6 3 9 ,2 9 2
E q u ip m e n t....................................................................
1 9 ,0 1 8 ,4 2 0
E q u ip m en t tr u s ts .......................
4 ,9 5 6 ,0 0 0
R eal e sta te ...................................................................
1 ,2 2 5 ,2 0 6
M ortgages receiv ab le..............................................
6 5 5 ,2 9 7
Securities ow ned.
Stocks o f R R . and w a ter lines in Lehigh
V a lley sy ste m ......................................................
1 8 ,2 6 0 ,3 6 6
Stocks o f allied coal co m p an ies..................
2 ,4 9 7 ,9 8 1
7 ,5 5 3 ,8 6 7
Stocks of other co m p an ies..............................
Bonds of R R . and w ater lines in Lehigh
V a lle y sy stem ................................................
3 ,3 9 8 .9 2 6
Bonds c f The Lehigh V a lley C oal C o ..........
6 ,4 0 0 .0 0 0
9 4 4 ,1 8 3
B on ds o f other coal com panies......................
7 9 .0 0 0
Bonds o f other com paL ie^.................................
Car T ru st cert's L eh . V a L T e r m . R y ..........
9 0 0 ,0 0 0
A d v a n c e s ................................................................
6 ,3 9 0 ,3 3 1
Current a ssets—
Cash...............................................................................
2 ,4 0 2 ,6 2 8
Cash w ith officers and agen ts........................
1 3 7 ,6 6 1
D u e by station agen ts......................................
1 ,4 9 9 ,0 2 4
In dividu als and com panies........................... .
1 ,5 3 3 ,4 5 6
Traffic b a la n c e s......................................................
6 5 0 ,5 0 9
B ills receivable........................................................................... .........
A d v a n ces to Lehigh V a lley C oal Co............
1 ,5 0 0 ,0 0 0
A d v a n ces to other coal com pan ies............ ..
3 6 6 ,6 8 7
3 5 8 ,9 0 7
A d v a n ces to other com panies........................
1 ,3 1 7 ,5 0 5
M a teria l and supplies on h an d ..........................
Phil. & Read. R R . Co. lessees—b a l a n c e ....
..................
Profit and lo ss to b alan ce....................................
1 ,2 5 7 ,2 2 4
19C 0.
$ 1 8 ,8 3 9 ,2 9 2
1 9 .0 1 8 ,4 2 0
4 ,8 0 0 ,0 0 0
1 ,4 3 1 ,6 0 6
6 8 4 ,4 6 9
$ 1 0 1 ,9 4 2 ,4 7 1
$ 9 8 ,4 2 2 ,8 1 6
Capital sto ck ................................................................ $ 4 0 ,4 4 1 ,1 0 0
Funded d e b t.................................................................
4 1 ,9 0 0 ,COO
5 ,6 5 6 .0 0 0
E q u ip m en t tru st obligations ..........................
N ation al Storage Co. tru st certificates..........
5 ,0 0 o ,0 0 0
C oal property purchase bon ds..........................
1 ,2 1 5 ,0 0 0
D epreciation o f eq u ip m en t..................................
9 7 0 ,5 5 5
M ortgages on real estate......................................
2 1 4 ,5 2 1
In terest and ren tals accrued n ot d u e in te re st on funded d ebt....................................
1 3 7 ,9 1 7
In terest on equipm ent tru sts..........................
5 1 ,8 8 2
A ccru ed rentals, leased lin e s ........................
5 5 4 ,1 7 0
A ccru ed prin cipal, equipm ent tr u sts........
3 9 3 ,3 3 3
In t. on Lehigh V alley Coal Co. b o n d s........
2 3 9 ,8 7 5
In terest on tru st ceriiflcates
................
3 3 ,3 3 4
In t. on coal property purchase b o n d s ___
5 ,5 0 0
Current liablli! ies—
Sterling bond draw n, n ot presented..........
1 ,0 0 0
D ividends unclaim ed..........................................
..................
In terest on bonds d u e . . . ..................................
7fe2,967
In terest on equipm ent tru sts d u e................
3 6 ,0 0 0
R en tals o f leased lines d u e ............................
5 2 ,5 0 0
In t, on coal property purchase bonds due
1 3 ,3 0 0
N o v em ber pay ro ll, since p aid ......................
8 2 3 ,0 0 7
A u dited v o u ch ers..................................................
1 ,7 7 2 ,9 5 6
D u e to individuals and co m p an ies............
6 5 9 ,2 6 6
Traffic balan ces......................................................
8 3 ,2 4 9
Unclaim ed w a g e s..................................................
7 ,4 2 1
Lehigh <fe New Y o r k R R . C o ............................
2 2 ,8 0 0
State taxes a c c ru e d .............................................
4 0 7 ,4 1 3
E m p lo y es' pension fu n d ...............
4 0 ,4 9 7
D eferred liabilities —
Lehigh V a lle y T erm inal R y. C o ....................
7 6 ,9 1 0
Sundry a cco u n ts....................................................
3 5 0 ,0 0 0
$ 4 0 ,4 4 1 ,1 0 0
3 8 , 7 0 0 ,0 0 0
5 ,6 5 0 ,0 0 0
5 ,0 0 0 ,0 0 0
1 8 ,0 6 0 ,3 6 6
1 ,2 5 7 ,9 2 1
6 ,4 9 3 ,2 6 0
3 ,3 9 8 ,9 2 6
6 ,4 0 0 ,0 0 0
9 4 4 ,1 8 3
7 9 ,0 0 0
9 0 0 ,0 0 0
5 ,8 6 7 ,4 8 4
1 ,5 7 7 ,3 9 7
1 1 3 ,9 6 0
1 ,3 7 8 ,9 4 2
6 0 7 ,2 2 5
8 4 0 ,6 9 5
9 ,8 6 3
5 0 0 ,f 0 0
1 4 5 ,8 0 3
4 7 6 ,4 4 2
1 ,3 7 4 ,1 0 5
1 ,5 1 2 ,8 7 2
1 ,9 1 0 ,5 8 5
Liabilities—
$ 1 0 1 ,9 4 2 ,4 7 1
T otal liabilities
3 6 5 ,7 4 6
2 1 5 ,0 2 2
1 2 5 ,4 1 7
4 7 ,9 1 7
5 5 4 ,1 7 0
3 2 5 ,0 0 0
2 3 9 ,8 7 5
3 3 ,3 3 3
1,000
77
7 6 2 ,9 0 0
4 0 .5 0 0
5 2 .5 0 0
’ 7 7 6 ,1 9 7
2 ,1 6 3 ,8 6 6
1 ,5 2 4 ,3 5 0
1 0 4 ,5 1 2
3 ,9 2 7
6 2 ,7 6 6
4 7 0 ,4 8 8
3 0 ,4 5 8
2 4 6 ,8 2 2
4 8 4 ,8 7 3
$ 9 8 ,4 2 2 ,8 1 6
American District Telegraph Company o f New York,
( R e p o rt fo r the ye a r ending D ec . 3 1 , 1901J
The earnings, etc., have been compiled as follows:
E AR N IN GS, E X P E N SE S A N D C H A B G E 8.
1901.
Gross r e c e ip t s .............. $ 6 3 0 ,7 0 1
O peratin g e x p ., e t c .. . 5 2 7 ,2 8 2
1900.
$ 5 9 0 ,5 3 0
5 0 3 ,6 9 0
1899.
$ 6 2 9 ,7 5 2
5 2 5 ,5 7 2
1898.
$ 5 8 6 ,0 2 1
4 9 9 ,0 8 5
$ 8 6 ,8 1 6
* 1 0 4 ,1 8 0
* 8 6 ,3 3 6
Ne t e a m i n g * ............. * 1 0 3 ,4 1 9
D iv id e n d s................. (2 12 % )9 6 ,1 0 7 ( 2 14 % ) 8 6 ,4 9 7 ( 2 14 % )8 6 ,4 9 7 (2% )7 6 ,8 8 4
$ 7 ,3 1 2
8 0 ,5 0 3
$349
8 0 ,1 5 4
$ 1 7 ,0 8 3
6 2 ,4 7 1
$ 9 ,4 5 2
5 3 ,0 1 9
T ota l surp. Deo. 31 . . $ 8 7 ,8 1 5
M iles w ires...................... .
1 ,5 4 8
85
Offices..................................
2 7 ,9 0 5
In stru m e n ts.................... .
- V . 7 4 , p. 1 5 3 , 42.
$ 8 0 ,5 0 3
1 ,5 3 7
86
2 7 ,9 4 3
$ 8 0 ,1 5 4
1 ,5 1 0
85
2 7 ,9 8 6
$ 0 2 ,4 7 1
1 ,4 7 5
85
2 8 ,9 7 8
B a la n c e ......................
Previous su rplu s..........
L. H Bdge.bds.
376,000
376,000
788,908
412,110
427,176
171,190
8,012
312,784
177,605
7,.327
7,000
8,103
Series A ft B.
Car tr. obliaa’s.
Aud. vouchers.
1'ay* rolls.........
Int. mar.,uncol.
Interest accr’d
(not due)......
28,883
6,039 Taxes accrued
100,111
149,363
15,360
208
1,289,315
154,043
4,122
2,446
44*. 971
27,092
660,310
T o t a l ..............$20,648,331
— V .7 4 . p. 149, 161.
CONDENSED BA LAN CE S H E E T N O V E M B E R SOTH .
T otal
S ta tio n agen ts
ft co n d u cto rs.
U.S. P. O . D ept.
W e lls -F a r . E x .
A cc ts. re c e lv ’e.
T r a ffic b alan ces
B ills rece ivab le
D e ferre d to w n s ite c o lle c t’ns
P repaid in s u r ..
P aid c la im s u n a d ju ste d
T e rm in a l ren ts
p re p aid ............
C ash . ...............
M isce lla n e o u s..
67/30
3,680
4,700
401.631
0/80
00,391
Oar trust hoods,
(riot d u e ).......
17,923 Ind’s. ft corn’s..
25,465
19,485
2,020
21,048
(not d u e ).......
208
323.400 R e s e rv e lu n d s .
24,521 P ro fit ft loss__
8,333
25,321
396,224
8,383
3,882
550,854
2,828
T o t a l............ $20,048,331
$22,122,619
Rentals accr’d
Miscellaneous..
$22,122,019
Atlantic Mutual Insurance Co,
( Statem ent f o r yea r ended D ec . 31y 1901J
The annual statement of the Atlantic Mutual Insurance
Co. was issued this week. The following is a summary of
assets as of Dec. 31, 1901;
U n ited States and State o f N ew Y o r k stock , city,
ban k and other sto c k ....................................................................
$ 5 ,4 0 ? ,8 2 4
L oan s secured b y stocks and sp ecial d eposits in banks
1 ,2 9 1 ,2 3 6
and trust co m p an y ................ ......................................................
R eal E state, cor. W a ll and W illia m Sts.,
cost........................................................................ $ 1 ,0 1 7 ,0 0 0 0 0
Paid tow ard erection o f new b u ild in g .. . 1 ,5 4 7 ,0 0 0 0 0
Other real estate and claim s due the
c o m p a n y .............................................................
7 5 ,0 0 0 0 0
------------------------- *
2 ,6 3 9 ,0 0 0
1 ,1 5 9 ,3 8 6
Prem ium notes and bills r e c e iv a b le ........................................
Cash in the h ands o f E uropean bankers to p a y losses
under policies p ay a b le in foreign c o u n tr ie s ..................
2 5 3 ,1 9 3
Cash in ban k.....................................................................................
2 2 5 ,7 1 0
00
62
00
19
27
12
A m o u n t....................................................................... ................... $ 1 0 ,9 7 2 ,3 4 9 2 0
In terest— C ertificates C alled .— Six per cent interest on the
outstanding certificates of profits will be paid to the
holders thereof Feb. 4. The outstanding certificates of
the issue of 1896 will be paid on Feb. 4 next, from which date
all interest thereon will cease. A dividend of 40 per cent
has been declared on the net earned premiums for the year
ending Dec. 31, 1901, for which certificates will be issued on
and after May 6. See financial statement for year 1901 in
advertising columns.—V. 72, p. 185.
Pressed Steel Car Co.
C R eport f o r the yea r en ding D ec . 31 , 1901.)
The annual report is not yet ready for distribution, but
from the extracts printed in the daily papers we make the
following digest of President Hoffstot’s remarks:
B u s i n e s s .— W e h ave built during the y ear 2 4 , 5 9 2 steel c a r s ; of th is
num ber 2 .9 3 7 were steel under fram e cars; we h ave b u ilt 1 5 , 2 6 4 tru ck
lram es and * 9 .4 9 9 bolsters. The y ea r's outpu t after F eb. 1 w a s good
ex cep t in the m onth o f J u ly, w hen w e suffered th rough the excep tion
a lly hot w eatner and the general strike conditions, bu t w hich in volved
none o f our plants e x c ep t J o l i e t ; and in the m onths o f N o v em ber and
Decem ber, w hen our production w as m uch reduced o w in g 't o th e
sw itchm en 's strike in and around P ittsburg, togeth er w ith congested
local freight conditions, w hich preven ted our securing regu larly rawm aterial from the Carnegie Steel Co*
W e have during the y ea r built 3 ,9 4 4 steel under-fram e b o x cars, and
have on our books y e t to build 3 ,5 5 0 steel under-fram e cars and 2 ,5 7 5
steel u nder-fram es, which latter are to be shipped to other oar build
ers. W e believe it is only a question of a short tim e when the steel
under-fram e w ill be the standard, n ot only fo r all freigh t oars b u t ail
passenger cars. W e h ave ordered a n ew 1 ,0 0 0 ton press, as it is im
portant for us to produce these u nder-fram es a t a price a ttra ctiv e to
the railroads. W o have shipped abroad this year cars to the Cape Col
onies. 8p aln and N ew South W ales.
a c q u isit io n s .—W e acquired during the year b y purchase the stock
o f the P en n sylva n ia Car W heel Co. a t less than it cost the ow ners, and
b ou gh t it on extended term s. It is our opinion th a t you r com p an y
should farth er strengthen itse lf by m an u factu rin g a considerable p ro
portion of its m alleable castin gs, steel fo rgin gs, etc., so th at outside o f
its su pply o f steel it m ay be self-con tain ed, for in these years o f great
business prosperity every effort should be m ade to reduce costs and so
to prepare for dull years.
F i n a n c i a l — Since the incorporation o f the com pany the profits have
aggregated $ 4 ,3 1 2 ,2 8 * . Out o f these profits has been paid $ 2 ,6 2 5 ,0 0 0
in dividends. T he M cK ees Roeks p la n t oost $ 1 ,5 8 1 ,5 8 0 and addi
tions and im provem en ts to original plants, am ounting to $ 5 5 5 ,7 0 2 , h ave
been taken out o f the Initial w orking capital and earnings. From
this it w ill be seen th at the a ctu a l cash w orkin g capital has been
som ew h at enoroached upon, bu t the plants and capacity h ave been
m ore than doubled and the m onthly production increased from $ 1 ,0 0 0 ,0 0 0 to upw ard of $ 2 ,0 0 0 ,0 0 0 , the fu ll operation o f the plants.
I t Is necessary to carry betw een $ 4 ,0 0 0 ,0 0 0 and $^>,0 0 0 ,6 0 0 w orth o f
m aterial on hand, and for this purpose the co m p an y has been com
pelled to be an e x ten siv e borrow er.
D u rin g the y ear it was
thought prudent to fund this indebtedness. T h erefore, a m ortgage for
$ 5 ,0 0 0 ,0 0 0 was m ade to secure 5 per cen t notes m atu rin g at the rate
o f $ 5 0 0 ,0 0 0 each year, with the righ t to anticipate paym en t of all or
part. These notes have been disposed o f on term s advan tageous to
the com pany. By this m eans the com p an y secures ex tra w orking
capital, and its in terest charges are lim ited to n ot to exceed $ 2 5 0 ,0 0 0
the first year and $ 2 5 ,0 0 0 less every y ear thereafter. There was d is
bursed last year for Interest and borrow ed m oney $ 2 1 6 ,8 2 1 , which
was charged off to operating expen ses, and w e believe th at m ore than
the difference appearing between this am oun t and $ 2 5 0 ,0 0 0 oan .be
saved in e x tra disoonnts on m aterials purchased.
THE
204
CHKONIOLE.
Nothing has bntju added for appreciation of tlic company’s ren
oaiaio. wUiob iias largely Increased m value during ibe year, and noth
lag tiae bron dedanted for depreciationof plants, for the reason that it
Iras been the custom to charge all expenses for the keeping up and re
placing of dies, tools and machinery to operating expenses, and by
reason of the practically indestructible character of the plant and
properties, their newness and high efficiency, no necessity has arisen
up to the present time to open a depreciation account.
“ W ith the c o m p a n y w e ll e q u ip p e d f o r th e e c o n o m ic a l h a n d
ling; of its la rg e an d g r o w in g bu sin ess, its d e b ts fu n d e d a t 5
p er cen t an d a m p le w o r k in g c a p it a l to c o n tin u e its b u sin ess,
its fu tu re seem s assured. W e h a v e n ow o n o u r b o o k s $19,947,964 w o r th o f bu sin ess,”
T h e resu lts fo r t w o years past an d th e b a la n c e sh eets o f
D e c. 81 co m p a re as fo llo w s ;
1901.
P r o f i t s . ................. ..............$1,927,935
D educt —
1900.
$2,075,181
Changes.
Deo. $117,256
Depreciation.......... .............
143,635
.......
Inc.
Dividends on prof, stock .. (7%)875,000 (7%)875,000
Do. on common....... ......... (4%) 500,000 (4%)500,000
Balanee, surplus...............
$409,290
$700,181
143,635
..........
Deo. $290,891
T h e su rp lu s fo r th e y e a r 1901 ($109,290) w as a d d ed to th e
to ta l su rp lu s o f D e c. 81, 1900 ($1,812,284), a n d fr o m th e to ta l
w as d e d u c te d “ ch a r g e s p e r ta in in g t o p re v io u s yea rs ” ($521,403), m a k in g th e to ta l su rp lu s as o f D e c , 31, 1901, $1,700,171,
as sh o w n b e l o w :
[V o l . L X X IV ,
B r o o k ly n U n io n E le v a te d H R ,— B on d s to be Guaranteed,
— See B r o o k ly n R a p id T ra n s it Co. a b o v e .— V . 73, p. 899.
C a n a d a A t la n t i c R y .— Purchased.— A n “ o ffic ia l'’ sta tem en t
issued y esterd a y sa y s: “ T h e in terests a ssocia ted w ith th e
St. L a w r e n c e & A d ir o n d a c k R a ilw a y th r o u g h M r. A . L .
M ey er, V ice -P re sid e n t, h a v e c o n c lu d e d a c o n tr a c t w ith th e
o w n e rs o f the C an a d a & A tla n tic R a ilw a y S y stem fo r
th e a cq u isition o f th e la tter, u p o n
term s w h ic h w ill
p rov e v e r y p rofita b le to th e 8 t. L a w r e n c e & A d ir o n
d a c k p ro p e rty . T h e D o m in io n S ecu rities G o. has u n d e r
taken the fin a n cin g o f th e p u rch a se .
H a v in g a lrea d y
th e c o n tr o l o f th e S ou th S h ore R a ilr o a d and th e Q ciebec
S ou th ern , th ese in terests co n te m p la te a c o m b in a t io n o f th e
sev era l p rop erties, w h ic h , w ith the c o n s tr u c tio n o f a b o u t
100 m iles o f ro a d , t o b e u n d erta k en a t o n ce , w ill g iv e a
th r o u g h tru n k lin e fr o m L a k e H u r o n to Q u e b e c, th u s a ffo rd
in g an o u tle t d ir e c t to E u ro p e fo r th e g ra in an d lu m b e r
p ro d u cts o f th e te r r ito r y trib u ta r y to th e C a n a d a -A tla n tic
s y ste m .”
, ,
T h e “ N e w Y o r k N e w iv B a r e a u ” says:
Tfie Canada A tla n tic R.v. Co. has 466 m iles of road, its main
line extending from Depot H arbor, Out., to Swanton, Vt. A t V alle yfield, jn s t this side of the St. Law rence R iv e r, the Canada A tlantio
connects w iiii the St. Law rence <fe Adirondack R a ilw a y, and trackage
rlah ts over 13 miles of the last-nam ed road Into M ontreal w ill be se
cured by the Canada A tlantio R y . in perpetuity by the paym ent of
a lump sum, aggregating several hundred thousand dollars.
BALANCS SHEET DEC. 31
A t present the Canada
A tlan tio reaches
M ontreal over
1901.
1900.
1901.
1900,
the G rand T ru n k R y . Thirteen m iles of road are now
Liabilities—
t
*
Assets—
t
t
Prop, and branch..25,816,832 22,650,000 Common sto ck __ 12,600,000 12,500,000
being built from the St. Law rence & A diro n d ack, opposite Montreal
Preferred s to c k .. .12,600,000 12,500.000 to 8t. Lam bert, where connection is made w ith the South Shore R a il
A dditions to plant 441,771
___
...........
M cK ee’s itoek pi’t .................. 1,581,580 1st M. gold n o te s., 6,000,000
w
ay; 95 m iles of road are also being constructed from the eastern
Additions to plant . . . . . . . .
656,703 Purch. m oney M .. 235,000
235,000
Dies and patterns..................
272,082 A ccounts payable 1.838,791 1,938,520 term inus of the South Shore R a ilw a y to P oin t Le v is, opposite Quebeo.
When
these extensions are completed the m ain lin e of the new system
Bills payable................... .
2,755,000
139,000
........
Stocks ow n ed ___
128.987
i62,560 w ill extend from Depot H arb o r, on La k e H uron, to tidewater, at Point
Tax, ins. not aoo’d
18,868
........... A ee’d sat. & wages
218,760 Le v is. The mileage of the completed system w ill be about 800 m iles.
AOO’nts receivable 1,813,590 1,915,768 A cc’ d d iv’ ds, pref. 268,750
108.867
............
Materials on hand 4,898,273 4,922,952 A ccrued Interest..
The new owners of the property are confident from the receipts to
Cash........................ 1,301,728
214,035 Surplus ................. 1,700,171 1,812,284 date that the net earnings for the current year w ill be In excess of
T ota l........ .
.34,278,586 32,112,119
T o ta l............... 34,228,566 32,112,119 $500,000, while the fixed charges on the bonds are $210,000.
—V. 74, p. 150, 52.
GENERAL INVESTMENT
NEW S.
RAILROADS, INCLUDING STREET ROADS.
A t c h is o n T o p e k a & S a n ta F e R y .— Official S tatem ent as to
R elative P osition o f A dju stm en t B onds and New D ebentures,
— T h e fo llo w in g m e m o r a n d u m as t o th e r e la tiv e p o sitio n o f
th e a d ju s tm e n t b o n d s an d seria l d e b e n tu re s w a s p re p a re d b y
a n o ffic ia l o f th e c o m p a n y :
The serial debentures are absolute obligations as to principal and
Interest, like promissory notes, but they have no lien or security. The
adjustment bonds are absolute obligations as to principal, bat the
cumulative Interest on these bonds is payable only out of any surplus
net earnings whenever ascertained, determined and deolared as pro
vided in the Adjustment Mortgage, which covers all the company’s
railways and equipment. The term ’ "surplus net earnings” is defined
in Article Three of the Adjustment Mortgage, page 38 et seq., as being
the remainder of the gross profits, earnings and inoomeof the Railway
Company from all sources after making the following deductions:
(a Operating expenses;
(b) Taxes and rentals, subject to certain limitations; and
(o) "‘AllInterest for suoh fiscal year on the bonds of the Railway
Company, now or hereafter issued and outstanding under said Gen
eral Mortgage, and on outstanding bonds or obligations for the acqui
sition or redemption of which bonds are reserved under said General
Mortgage, and all interest charges on current obligations, other than
funded debt, and also discounts and losses on exchange, and fixed
charges incurred on account of the acquisition of new railroads,
branches, or extensions (subject, however, to the provisions hereinaf
ter contained in this Article); but not any sums or amounts which may
be paid or payable as the cost of the building of new extensions or
branches or of the acquisition of new properties, or as dividends upon
any stock of the Railway Company, whether preferred or comnion,
now outstanding or hereafter issued, or the interest on any income
bonds which may be issued by the Railway Company.”
It is clear that under these provisions the maturing instalments of
principal of the Serial Debentures cannot be deducted from the gross
receipts in arriving at the surplus net earnings which must be applied
to the payment of the interest on the Adjustment Bonds. Interest on
the Debenture issue ean be deducted only to the extent that suoh De
bentures were used for the acquisition of new railroad branches or
extensions, but even this deduction is guarded by detailed provisions
for the protection of the Adjustment Bonds.
Interest on the Adjustment Bonds is payable whenever there are
surplus net earnings, as above defined, applicable to suoh payment,
and such interest is cumulative. A failure to pay interest, on the Ad
justment Bonds when there are surplus net earnings, as above defined,
applicable to such payment, would give the Adjustment bondholders a
right of foreclosure. They could not be deprived of their interest for
the purpose of paying the Debentures. The holders of the Deben
tures, on the other hand, are entitled to be paid their principal and
Interest absolutely and without regard to the earnings of the Com
pany.
A n a b s tra ct o f th e a d ju s tm e n t m o r t g a g e w a s g iv e n in th e
C h r o n i c l e , V . 82, p. 73 9 .— V . 74, p, 150, 98.
B a lt i m o r e & O h io R E .— L istin g . — T h e N e w Y o r k S to c k
E x c h a n g e has a u th o riz e d th e lis t in g o f th e $32,537,200 a d
d itio n a l c o m m o n s t o c k , fr o m tim e to tim e , o n o fficia l n o tific a
tio n th a t it has been issu ed a n d p a id f o r in fu ll, m a k in g th e
to ta l a m o u n t o f c o m m o n s t o c k lis te d $75,996,200.— V . 74,
p . 150.
B e a v e r V a lle y T r a c t i o n Co.—In crea se o f Stock, — T h e d i
r e c to r s , it is sa id , h a v e v o te d t o in cre a se th e c a p it a l s tock
fr o m $1,000,000 to $1,500,000.— V . 71, p. 913,
B r o o k l y n R a p id T r a n s it Co.—E levated R ailroa d B onds
to be G u a ran teed . — B e g in n in g n e x t m o n th th e B r o o k ly n
H e ig h t s R R ., u n til fu r th e r n o tic e , w ill s ta m p its g u a r
a n ty on B r o o k ly n U n io n E le v a te d 4-5 p er c e n t b o n d s an d
K in g s C o u n ty E le v a te d 4 p e r c e n t b on d s o n th re e d a y s in
ea ch m o n th , v iz .: on F e b . 4, 14 an d 2 4 ; M a rch 7 ,1 7 an d 38;
A p r il 4, 14 an d 25; M a y 2, 12 a n d 23 ; J u n e 3, 13 a n d 23; J u ly
1, 11 a n d 21.— V . 73, p. 1263.
M r. M e y e r is D r. W . S e w a r d W e b b ’ s rig h t-h a n d m a n ,—
V , 73, p, 954.
C h ic a g o B u r l i n g t o n & Q u in c y R R .— Galled B ond s. — D e n
v e r E x ten s ion 4 p e r c e n t b o n d s d u e F eb . 1,1922, t o th e a m o u n t
o f $39,000 in bon ds o f $1,000 e a ch a n d o f $1,300 in b o n d s o f
$100 e a ch h a ve been c a lle d an d w ill be p u rch a se d a t p a r o n
presen ta tion to th e N e w E n g la n d T r u s t C o ., B o s to n , on F e b
ru a r y 1, fr o m w h ic h d a te in terest w ill ce a s e .— V . 74, p. 41.
C h ic a g o G e n e r a l R y .— C om m ittee, — H o ld e r s o f th e W e s t &
S ou th T o w n s 6s a re re p resen ted b y a c o m m itte e c o n s is tin g o f
G r a n g e r F a r w e ll, H e r b e r t J . D a v is a n d A r t h u r H u e r tle y .
F o r e c lo s u r e h as been b eg u n u n d e r b o t h th e e x is t in g m o r t
g a g es. See V . 74, p. 41.
C h ic a g o I n d ia n a p o li s & L o u i s v i l l e R j . —New D irectors —
A s b e a rin g o n th e r e p o rts c u r r e n t sev e ra l m o n th s a g o th a t
G en . S a m u el T h o m a s an d a ssociates h a d a c q u ir e d c o n t r o l
o f th e p r o p e r ty th r o u g h p u rch a se o f a t least a p o r tio n
o f th e h o ld in g s o f J . P . M o r g a n & C o ., it m a y be n o te d th a t
at a re ce n t m e e tin g o f th e d ir e c t o r s E . R , T h om a s, o f th e
firm o f T h o m a s & P o st, a n d H . M . W o r k , w ere e le cte d d i
r e c to r s t o s u c c e e d T e m p le B o w d o in o f J . P . M o r g a n & Co.
an d R ic h a r d T r im b le , th e S e cre ta ry a n d T r e a s u r e r o f th e
U n ite d S ta tes S teel C o rp o ra tio n . T h e d ir e c t o r s n o w are:
Sam uel Thom as, A . J . Thom as, E . R . Thom as, Amos T . Frenoh, Chas,
Steele, R . M. G a llaw ay, H , M. W ork, New Y o rk ; W. H . M oBoel, G. B .
Shaw, Chicago; J . M urdock, Lafayette, Inch; V oln e y T . M allott,
Indianapolis.
N egotia tion s.—'T h e “ N e w Y o r k S u n ” o n W e d n e s d a y s a id 1
I t w as lea rn ed y e ste rd a y th a t th ere is s u b sta n tia l fo u n d a t io n
f o r th e r e p o r t th a t n e g o tia tio n s a re p e n d in g f o r a c o m m u n it y
o f in terest u n io n o f th e C h ic a g o In d ia n a p o lis & L o u is v ille
R y ,, th e C in c in n a ti H a m ilto n & D a y to n , th e E v a n s v ille &
T e r r e H a u te a n d th e C h ic a g o & E a stern Illin o is . A r r a n g e
m en ts a re p r o g r e s s in g t o b r in g th e m a ll u n d e r th e c o n t r o l o f
a sin g le d o m in a tin g in terest, T w o o f th e r o a d s —C h ic a g o
In d ia n a p o lis & L o u is v ille a n d th e E v a n s v ille & T e rre H a u te
— a re n o w p r a c t ic a lly in th e h a n d s o f G en . S a m u e l T h om a s o f
th is c ity .
A n o th e r p a p er sa ys th a t th e L o u is v ille & N a s h v ille in terests
r e c e n tly m a d e an o ffe r o f $160 p e r sh a re o f c o m m o n s to c k
f o r th e c o n tr o l o f th e C h ic a g o & E astern I llin o is an d w a s
re fu s e d .— V . 74, p , 41.
C h ic a g o & M ilw a u k e e E l e c t r i c R y .— Earnings.— F o r th e
ca le n d a r y e a r the c o m p a n y re p o r ts g ro ss e a rn in g s o f $171,172, a g a in st $140,685 f o r 1900; n et o v e r o p e r a tin g e x p en ses
$97,157, a g a in st $81,169.—Y . 69, p. 384.
C h ic a g o & N o r t h W e s t e r n R y .— M r. K eep R esig n s.— A l
b e rt K e e p has r e sig n e d as c h a ir m a n o f th e b o a r d , P re sid e n t
H n g h it t ta k in g o v e r th e d u ties o f th e office, H e has a lso r e
tire d fr o m th e e x e c u tiv e co m m itte e , M a rsh a ll F ie ld o f C h i
c a g o h a v in g been e le cte d h is s u c c e s s o r .— V . 74. p. 93.
C h ic a g o & W e s te r n R y .— M ortga ge,— T h is c o m p a n y , w h ic h
p rop oses to op era te a tr o lle y tine fr o m C h ic a g o t o A u r o r a , has
filed a m o r tg a g e t o th e R o y a l T ru s t C o. o f C h ic a g o as tru stee
t o secu re $190,000 o f 20-year 5 p er c e n t b o n d s.
C it iz e n s ’ E l e c t r i c R a ilw a y L i g h t & Power C o,, M a n s
fie ld , 0 . — M ortgage. — T h e c o m p a n y has file d a m o r tg a g e to
th e C le v e la n d "T r u s t C o ., as tru ste e , t o s e c u r e $400,000 c o n
s o lid a te d m o r tg a g e 5 p er c e n t $500 b on d s.
B on d s t o the
a m o u n t o f $125,000 w ill be issu ed o n ly u p on re tire m e n t o f a
lik e a m o u n t o f first m o r t g a g e 6s o f 1891; $100,090 w ill b e
u sed t o pay flo a tin g d e b t, e t c ., an d $175,000 m a y be issu ed to
b u ild an ex te n sio n t o S h e lb y an d f o r im p ro v e m e n ts am i a d
d ition s.
THE
J a n u a r y 25, 1902.]
CHRONICLE
C le v e la n d C ity R y .— New S tock. — The shareholders on
Jan. 20 authorized the increase oi the capital stock from
$8,000,000 to $9,000,000. The new stock, it is stated, will he
offered at once to present stockholders to provide for im
provements, new equipment and exte nsions.
D irectors — J. B. Hanna and Dan P. Wells have been suc
ceeded as directors by L .
Prior, of D en ison , P r io r & (Jo.,
and Judge W . B. Sanders, of the law firm o f Squire, San
ders & Dempsey. The board now includes :
W.
205
York, Secretary, an d A. E. Peters, of Detroit. A ssistant Secretary.
Execu tive com m ittee—ID A. Everett, Chairm an, J . C. H utchins and
II. It. Newoombe.
A nnual Statem ent.- T h e sta tem en t f o r th e
years
1901 an d 1900 co m p a re as b e lo w :
Gross.
Net..
Year—
1901............... ........ $1,919,171
1900............ ......... 2,575,277
$1,322,406
1,136,219
calendar
Charges.
$ 0 5 2 ,2 7 7
616,468
Surplus.
$ 6 7 0 ,1 2 9
5 1 9 ,7 6 1
Duluth Mlssahe & Northern R y.— Called Bonds. -- F irst
ITon. JVT. A. Hanna, R. R. Rhodes, C. A. Otis Jr., II. 10. Andrews, consolidated mortgage b o n d s, d a ted Jan. 1, 1893, to th e
O. F. En ary, J. H. Wade, George G. Mulliern, L. W. Prior and Judge amount o f $88,000, h a ve b een d ra w n an d will be paid b y th e
W. B. Sanders.
Central Trust Co. on F e b . 1, 1902, a t 105 p er c e n t an d in te r
John Ehrhardt has been elected Secretary and Treasurer.— est, say $1,055 p er bond.— V . 72, p. 183.
V . 74, p. 93.
C le v e la n d E l e c t r i c B y .—A n n u a l M eeting—New D irectors
— No New S tock. — A t the annual meeting on Jan. 15 Henry
A . Everett was re-elected President; George S. Russel was
made Treasurer to succeed E. W . Moore, who retires from
the management and Fred. Borton was restored to his old
position of Secretary, llie directors elected are:
E lgin J o lie t & Eastern Ry.— Listed.— The New Y o r k
Stock Exchange has listed $500,000 additional 5 per cent first
mortgage gold bonds of 1941, making the total listed $8,852,000. The proceeds of the $500,000 of bonds have been or will
be used to meet the actual “ cost of the construction or acqui
sition of additional lines o f railway, and for the purchase of
Henry A. Everett, Ralph A . Hannan, Calvary Morris, Col Horace additional real estate betterments, new construction and pur
E. Andrews, John J. Stanley, Charles L. Pack, Col. Myron T. Herrick, chase of additional property appurtenant to the existing lines
Charles W. Wason and James Parmelee.
of railway.” The new “ State Line ” yards and the new sec
The plan for increasing the capital stock by $1,000,000 was ond track between Joliet and Frankfort, now under con
struction, are nearly completed.—
74, p. 151.
abandoned, at least for the present.
V.
E arnings. — The results for the calendar years 1901 and 1900
are reported as follows :
Tear—
Gross
ea rnings.
1 9 0 1 ..............
$2,273,036
1900........................... 2,030,510
Net
earnings.
$1,007,683
909,479
Fixed
charges.
$220,909
227,495
Surplus
f o r stock.
$786,714
681,984
-V . 74, p. 151, 93.
Dayton & X e n i a T r a n s it Co.—New M o r tg a g e — A n e x
ch a n g e says a $300,000 m o r tg a g e has b een c a n c e le d an d a n
o th e r fo r $800,000 has b een file d ,— V . 73, p. 82.
Dayton Ft. Wayne & Cincinnati (Electric) RR .—Increase
o f S tock. — T h e sh a reh old ers on J a n . 15 a u th o riz e d an in crea se
in th e ca p ita l s to c k fr o m $1,000,000 t o $5,000,000. O fficers:
Dr. 8. F. George, President; D. W. Le Fetra of New York, First VicePresident; Charles L. Hyde of Pierre, 8. D., Second Vice-President;
Charles W. Gebhart of Dayton, O., Secretary and Treasurer.
T h e co m p a n y w as in c o r p o r a te d in A p r il, 1901, t o b u ild an
e le c tr ic ro a d ; the p r o je c t e d m a in lin e e x te n d in g fr o m C in
cin n a ti, O ., n o r th w e s te r ly v ia D a y to n t o F t. W a y n e , In d .,
a b o u t 200 m iles, w ith b ra n ch e s , m a k in g a to t a l o f a b ou t 350
m iles. I t is p rop osed to c a r r y fr e ig h t as w e ll as passengers.
G ro u n d w as broken a t W e s t E lk to n , O ., on D e c . 3 last, and
en tra n ce in to C in cin n a ti, it is stated, has b een a rra n g ed fo r
o v e r th e C in cin n a ti & W e s tw o o d R R ., at p resen t a steam
roa d 5 % m iles lo n g , r u n n in g fr o m B r ig h tw o o d t o C in cin n a ti.
Detroit Port Huron & ShorejLine (Electric) Ry.— Status.
— See D e tro it U n ite d R y . b e lo w .— V . 72, p. 1237.
Detroit & Toledo Shore Line RR.— Toledo & M onroe R y.
S eparate. — T h e final p a y m en t f o r th e T o le d o & M o n ro e R y .
n o t h a v in g b een m a d e, th a t p ro p e rty has re v e r te d t o its
o r ig in a l o w n e rs, C la ren ce A . B la c k , J . M . M u lk ey a n d E . M .
F o w le r o f D e tro it (see V . 72, p. 1135 an d 1034). T h e b a n k ers’
sy n d ica te is c o n s id e r in g sev era l o ffe rs t o p u rch a se th e
D e tr o it & T o le d o S h ore L in e R R .
R eceivers' Certificates. — T h e U n ited States C ir c u it C ou rt at
T o le d o on J a n . 21 a u th orized th e issue o f $214,900 r e ce iv e rs’
certifica te s, v iz .: $176,900 t o p a y th e c la im o f th e S tran g
C o n tr a c tin g C om p a n y , $13,000 to c o m p le te th e road an d $25,000 to p a y e x istin g deb ts an d c u r r e n t expen ses. T h e C ou rt
a lso a p p oin ted A lle n F . E d w a rd s as r e c e iv e r o f th e p rop erty
in O h io, p re su m a b ly to su c c e e d th e r e c e iv e r a p p oin ted at the
in s ta n ce o f th e S tra n g C o n t r a c tin g C o .— V . 74, p. 93.
Detroit U n ite d Ry.— A nnual M eeting.— T h e “ D e tr o it T r ib
u n e ” says th a t a t th e an nu al m e e tin g on J a n . 21 th e p u rch a se
o f th e D e tr o it & N orth w estern , th e D e tro it & P o n tia c, the
D e tr o it R o ch e ste r R o m e o & L a k e O rion an d th e W y a n d o tte
& D e tr o it R iv e r roa d s, a n d th e g u a ra n te e in g o f th eir b on d s
u n d e r th e term s su g g ested b y th e g u a ra n teed b o n d h o ld e rs,
w e r e ratified. A m o r tg a g e fo r $25,000,000, c o v e r in g th e D e
tr o it U n ited R a ilw a y , in c lu d in g th e a cq u ire d su b u rb a n lines,
w a s a u th o riz e d , in p la ce o f th e $35,000,000 m o r tg a g e w h ic h
w a s re c e n tly co n te m p la te d . T he “ T rib u n e ” a lso says th a t
a fte r ta k in g ca re o f all o u tsta n d in g lien s, in c lu d in g th e p u r
ch a se p r ic e o f th e su b u rb a n road s a lre a d y a cq u ire d , th e n ew
m o rtg a g e w ill g iv e a su rplu s o f $6,500,000 t o b e u sed as o c
ca sio n requ ires.
T h e D etroit & T o le d o S h ore L in e (see a b o v e ) w a s n o t in
clu d e d in th e lin es w h ic h th e s to c k h o ld e r s v o te d t o pu rchase,
and it is th o u g h t th e ro a d m ay b e d isp osed o f, p ossib ly fo r
u se as a steam lin e . T h e D e tr o it P o r t H u r o n & S h ore L in e
R y . w as a cq u ire d b y in d iv id u a l s to c k h o ld e r s o f th e D e tr o it
U n ited R y ., w h o , it is stated, h a v e n o t c o m p le te d th e p u r
ch ase. I t is th o u g h t, h o w e v e r, th a t i f th e deal g o e s th ro u g h
th e D e tro it U n ite d m a y a cq u ire th e roa d .
Officers.— A t th e a n n u a l m e e tin g J . C. H u tch in s, here
t o fo r e T rea su rer, w as elected P resid en t, to su cceed H . A.
E verett, and G e o r g e H . R u ssel w as m a d e T rea su rer. T h e
b oa rd o f d ire cto rs w as in crea sed fr o m n in e to elev en to g iv e
rep resen ta tion to th e C lev ela n d b a n k e rs’ com m itte e . T h e
d ire cto rs and officers n o w a re:
Directorc—George H. Runnel (President of the State Savings Bank),
Detroit; II ft. Newcomb (Chairman of the Cleveland hankern’ com
mittee), H. A Everett and J. G. Scbmldlapp, all of Cleveland; J. O.
Hntchlnn of Detroit, Arthur Pack of Pontiac, E. W Moore, R. A. liar
toan and II. A, Everett of Cleveland and R. B. Van Courtlandt of
New York.
J. O. Hntchlnn, President and General Manager; Arthur Pack. VlcePrenldent; George H. Runnel, Treasurer; Edwin Hen demon, of New
E rie RR.— F in al D istribution to U nderw riters. —The mem
bers of the underwriting syndicate organized by J. P. Mor
gan & Co. to purchase control of the Pennsylvania Coal Co.
and transfer it to the Erie have received their com mis
sion as guarantors, which amounts to 10 per cent in
Erie first preferred shares and the last cash dividend paid
thereon of 1)^ per cent.—Y . 73, p. 1010.
G nlf & Brazos Talley RR.— Sale.— This road was sold at
W eatherford, Tex., on Jan. 7 to satisfy judgments against
the company and was bid in at $16,000 by E. B. Carver, its
President.—“ Railroad Gazette.”
Indiana Illinois & Iowa RR.—Directors.—The follow ing
directors and officers have been elected:
Directors: W. K. Vanderbilt, W. H. Newman, H, MoK. Twombly,
E. V. W. Rosaiter, H. B. Ledyard, E. D. Worcester, W. O. Brown, T. P.
Shonts and W. J. Calhoun. Officers: W. H. Newman, President; W.C.
Brown, Vice-President and General Manager; E. D. Worcester, Secre
tary and Treasurer.—V. 74, p. 41.
Indianapolis & Eastern Traction Co.—M ortga ge. —This
company has filed a mortgage to the Central Trust Co. as
trustee to secure $200,000 of 5# gold bonds maturing in
1932. The road is in operation from Indianapolis to Green
field and under construction from Greenfield to Knightstown. See V . 73, p. 1160.
Kansas City Fort Scott & Memphis R y.— C ond ition al
G uaranty o f M emphis & B irm ingham Incom es. —The Kan
sas City Fort Scott & Memphis Railway Co. contemplates
offering to guarantee the interest o f the $6,319,000 income
bonds of the Kansas City Memphis & Birmingham R R . Co.
W hile the details o f the proposition have yet to be definitely
settled, it is probable the offer will be contingent upon the
bondholders agreeing to have their bonds made subject to
call at some price in the neighborhood of par, possibly, it is
said, 95 and interest.—Y . 74, p. 94.
Kings County Elevated RR.—R o n d s to be G u a ra n teed .—
See Brooklyn Rapid Transit Co. above.—V. 71, p. 1012.
Louisville (K y.) R y .—B onds Sold.—The $250,000 second
mortgage bonds recently offered for sale were subscribed for
about five times over, at prices ranging, it is stated, from
$1,083 30 to $1,085 50. The proceeds, aggregating $271,171 50,
it is stated, will be used for new rolling stock.—V. 74, p. 94.
Louisiana Western RR.— Lease Term inated.— Bee South
ern Pacific Co. below.
Manchester (N. H.) Street R y —In crease o f S tock.— The
New Hampshire Railroad Commission will consider on Feb. 1
the company’s application for permission to increase its capi
tal stock under authority granted by the shareholders on
Dec. 30, from $421,000, the amount now paid up, to $570,300.
The proceeds of the new shares will be used to pay a floating
debt of $123,225 incurred on account of extensions, additions,
etc., and to provide $26,000 for purchase o f additional rolling
stock.—V. 71, p. 287.
Metropolitan Street Ry., New York City.—New C om
p a n y .— The “ Philadelphia News Bureau ” quotes a promi
nent director as follows:
The situation in Metropolitan is just this. Having nearly 100 miles
of horse car lines, the management has been putting off from time to
time the adoption of eleotrloity, hoping that some simpler system than
the underground trolley might be devised. The company has done all
in its power, on aooount of the great cost of installation, to avoid the
use of the underground trolley. In the oourse of long experiment,
two apparently promising motive powers, one eleotrioai, have re
cently been tested, but the result has been unsatisfactory. The man
agement has reached the conclusion that there is nothing left but to
adopt the underground trolley system, and that will be done as soon
as the necessary financial arrangements'have been made. It has been
found necessary to reorganize, and a new company with much in
creased capital will be the result of the directors’ decision.
Rumors of valuable subscription rights to be allowed the
stockholders in connection with the raising of new capital
have been current during the week.—V . 73, p. 1208.
Mexican Central Ry.—B onds. —The company has sold to a
syndicate headed by the Mississippi Valley Trust C o. o f St.
Louis an issue oi! $10,000,000 collateral trust 4*^ per cent gold
bonds dated Feb. 1, 1902, and due Feb. 1, 1907, but redeem
able on any interest day at the option o f the company. The
bonds will be secured by deposit of $16,100,000 Mexican Cen-
206
THE
C H R O N IC L E
|Tou LXXIV.
The amalgamation will harmonize the interests of the two
operating companies, which serve fch shore industries of
North Carolina and will permit economies, and afford
better service without increase of rates. The railroad com
pany owns 144 miles of road and 30 steamer’s. The canal
H u n i t 'ci aow iioiug made tor a number of branch lines which will company succeeded to the old Dismal Swamp canal constructed
iwuoiifm b rioh uilniox ana agricultural regions and afford Che opportu in the 18th century, and having rebuilt it a t a cost of $1,nity i’m! i j.i uiu tluo working of tallies and lands, several ot these
to. Liioh u nod will be completed or partly built this year,—V, 73, p. 057. 150,000, re opened it for traffic ou Oct. 14, 1899. The canal
extends from the south branch of the Elizabeth River, about
M ississippi & L ittle Keck HR.—Sold .—'This property was 6 miles from Norfolk, in a southerly direction, parallel to
sold at Lottie Bock, Ark,, on Jau, 15, under a decree of the the railway, a distance of about 20 miles, to a point near
Federal Court, to the Block Poliak Iron Co., of Chicago, for Elizabeth City on the Pasquotank River in North Carolina,
$20,< 00. A special press dispatch from Little Bock to the with branches to Lake Drummond, etc. The “ Scientific
St. Louis “ Globe-Democrat” says:
American” for March 5, 1898, and also on page 249 of its
i'here were et^ht ocher bidders and the bidding was spirited. The volume of 1900, contained a history, description, map, etc.,
property consists of 27kt miles or rail and grade, uuused, In Lonoke of the canal,
and Lraina counties, with one 1 oomotlve anil several oars. It Is part
The purchase of the control of the Norfolk & Southern
.•f a road originally intended to be built from Little Kook to the Mis
slssippi River, ana represents an outlay of the original company, in RR, from the Vanderbilts and their associates was negotiated
the latter part of the eus, of $ 240,000, Oso»r 1>avi and W. B. Wor- jointly by Dmiinick & Dominick and King, Hodenpyl & Co.
then have lately been the receivers. V. 72, p. 1136.
W. B, Brooks J r. of Baltimore will be President of the Nor
M ississippi Valley UR.—S u i t . —On Jan, 11, in the United folk & Southern Co.
States C i r c u i t Court at Springfield, III., Thomas N. Chase of
Norfolk & Southern RR .—Change in C ontrol.— See Nor
St. Louis, it is stated, obtained a judgm ent by confession for folk & Southern Company above.—V. 72, p. 1238,
about $400,000 on bonds received for advances to the Missis
Norfolk & W estern Ry.—Listed.— The New York Stock
sippi V a l l e y RR., which owned rights of way and a partly Exchange has listed $2,500,000 additional first consolidated
constructed electric road between East 8 t, Louis and a point mortgage 4 per cent gold bonds, which makes the total listed
on t h e Mississippi River in Randolph County, III., since ac
The proceeds of the additional issue have been
quired by the St. Louis Valley company, Ha thereupon $83,204,600.
applied on account of improvements and additions. The cap
applied for an injnnction to restrain the latter irom dispos ital expenditures made for these purposes from Oct. 1, 1896,
ing of t h e assets tnus secured and for a receiver of the latter to June 30, 1901. aggregated $6,322,886, and against the same
and the sale of its property on the ground th at the transfer have been issued, including the present listing, $6,000,000 of
was fraudulent and made to prevent payment of his claim.
the $9,590,511 bonds specifically reserved by the first consoli
M issouri Pacific Ry.™ listed.—The New York Stock Ex dated mortgage for such disbursements, and issuable therefor
change has listed $889,000 additional St Louis Iron Mountain at the rate of $1,000,000 yearly.—V. 74, p. 151, 41.
& Southern general consolidated railway and land grant
Omaha Bridge & T erm inal Go.— Rebuilding Only.— The
mortgage 5 per cent gold bonds of 1931, making the total bill
recently introduced at Washington in the interest of the
amount listed §36,418,0(0; also $1,102,000 additional of the company
not, it seems, refer to a new enterprise, but
same company's unifying and refunding mortgage 4 per cent merely to does
the rebuilding of the present bridge. The stru ct
gold bonds of 1929, making the total listed $24,195,000.
ure now consists of a 520-foot draw span and three 200-foot
Ot the additional general consols, $882,000, together with $176.000 outstanding bonds of the Arkansas Midland By. Co,, repre combination wood and iron spans. These last it is proposed
seat a bond issue at the rate of $15,000 per mile of main line railroad to replace with a new 580-foot draw span.—V. 74, p. 152,
owned by said Arkansas Midland By. Co. and the Biinkley Helena
Oregon R ailroad & Navigation Co.—A ll F irst M ortgage
dc Indian Bay BK. Co. The additional unifying and refunding bonds
1 uoiude $63o,too issued to provide for the oonstruotion of shops and6s Called.—Notice is given th at in accordance with the terms
depots, the fencing and ballasting of traek not previously fenced or of the Oregon R ailway & Navigation Co. first mortgage, made
ballasted, the substitution of stone or iron for wooden viaducts and
bridges, and other betterments or improvements. The remaining in 1879 by the Oregon Railway & Navigation Go., all the
$466,€C0 of the last named issue were used to acquire all of the $400,- bonds outstanding thereunder have been drawn for the sink
OoObonds and all the $3119.000 capital stock (less the number of ing fund. The interest on these bonds.ceased Jan. 1, 1902,
shares required to qualify directors) of the Mississippi River Hamburg and the said bonds are payable a t par on presentation at the
& .Western By. Co., the owner of a line of railroad extending front
Hamburg, Ark., to Luna Landing, Ark., a distance of 39 miles; said office of the Farm ers’ Loan & Trust Co,, New York. By
unifying and refunding bonds have been issued at a rate not exceed this payment the 4 per cent consols due in 1946 of the Oregon
ing $12,000 for each mile of railroad so owned, and the securities RR. & Navigation Co, become an absolutely first lien.—V.
acquired have been pledged as part security under the mortgage.—V.
72, p. 184,
74, p. 94.
Queen Anne’s RR.—New Stock and 'Bonds.—A bill intro
Mobile Jackson & Kansas City H it,—E xtension to Mem duced
in the Maryland Legislature authorizes the com
ph is, T e n n . —This company, whose road is now operated from
Mobile, Ala., to Merrill, Miss., 50 miles, has an extension pany as follow s:
(1) to increase its capital stock to an amount not exceeding $3,000 under construction from the latter place to Hattiesburg, 000;
(2) to consolidate witk intersecting or connecting railway com
Miss., 50 miles. The projected line from H attiesburg to panies, by lease or other agreement; ( 3 ) t o issue mortgage Ponds t o
Jackson, Miss,, we are informed, has been abandoned, but an amount not exceeding $30,000 per mile upon Its whole line of rail
instead the company proposes to build from Augusta (a point way actually completed and constructed.
The Love Point extension is expected to be in operation
13 miles south of Hattiesburg) north to Memphis, Tenn. Of
the Memphis extension 100 miles to a connection with the within two weeks. An extension to Easton, Trappe and the
Alabama & Vicksburg Ry. is under contract and rails and Chop tank River, opposite Cambridge is said to be proposed,—
materials therefor have been purchased.—V. 73, p. 1008,1011. V- 72, p. 288.
M organ’s Louisiana & Texas RR.—Lease Term inated .—
Reading Company.—Bonds Offered.—The F irst National
See Southern Pacific Co. below.
Bank of this city and Drex9l & Go. of Philadelphia offer to
M orris & Essex RR.—Ronds Offered.—Redmond, K err & investors by advertisement on another page, at 95J^ and inter do . are offering at 108}^ and interest $1,000,000 of 3j^ per eat, $4,000,000 of the Reading Company’s $23,000,000 Jersey
cent first refunding gold bonds due 20QO, guaranteed by the Central collateral 4 per cent 50-year gold bonds. These bonds
Delaware Lackawanna & Western RR. Co. These bonds are were issued to provide part of the cost to the Reading Com
p art of the $6 ,400,000 recently reported as outstanding. For pany of 145,000 shares of the capital stock of the Central RR.
Co. "of New Jersey, being a m ajority of its capital stock.
particulars regarding the loan, see V. 71, p. 1167.
They are the direct absolute obligation of the Reading Com
New O rleans City H R .—M eeting in M arch .—The direct pany (whose surplus earnings over all charges for the last
ors have called a meeting of the shareholders for March, fiscal year were $2,663,000), and are secured by a collateral
in compliance with the following request received by them trust indenture pledging all the 145,000 shares of the Central
from H. H. Pearson J r , , viz.:
RR, of New Jersey purchased; 29,900 shares of the capital
Gentlemen—Having obtained the deposit of three-quarters of the stock of the Perkiomen RR, Co., beiBgthe whole of its capital
stock in your company, under an agreement to a lease of all of its
property and franchises until Jan. I, 1956,1 request that you call a stock, less 100 shares reserved to qualify directors; also 4,400
meeting of the stockholders under the provisions of Act No. 100 of the shares of the capital stock of the Port Reading RR, Co, The
Acts of 1898, to vote upon such proposed lease to the New Orleans bonds are redeemable upon six months’ previous notice on
Railway Co., which is the corporation to which I have assigned my any interest date after April 1,1906, at 105 and interest. The
contract.—V. 74, p. 41.
net earnings of the Central RR. of New Jersey are
New Orleans R ailw ay.—New Com pany,— See New Orleans present
reported largely in excess of 8 per cent per annum, which
City R R. above.—V. 74, p. 41.
was the rate of the last dividend (see V, 74, p, 93) on its cap
Norfolk & Southern Co.—New P ro p rieta ry Com pany .— ital stock. The dividend on 145,000 shares at 8 per cent is
This company, which filed papers of incorporation in New $1,160,000, and the interest on $23,000,000 collateral tru st 4
Jersey on Dec. 27, 1901, with $1,500,000 of capital stock (all per cent bonds is $920,000.
Called f o r Redem ption,—E xtension o f Loan. —Thirtycommon), is being organized by a syndicate under the lead
ership of Alexander Brown & Sons of Baltimore, to take eight ($38,000) Philadelphia & Reading Railroad Com
over nearly the entire capital stock ($2,000,000) of the Nor pany 10-year sinking fund 5 per cent coupon bonds of 1892
folk & Southern RR.; also $1,000,000 first mortgage 5 per have been drawn and will be paid at the office of the trustee,
cent 30-year gold bonds and at least $900,000 of the $1,000,- 517 Chestnut St., Philadelphia, on Feb. 1, after which date
000 stock of the Lake Drummond Canal & W ater Co. The interest will cease. The company has arranged to extend
new company will issne $1,300,000 of its authorized share the remainder of the loan at 4 per cent interest'until Feb, 1,
capital and will create $4,000,000 of 50-year 5 per cent first 1932, principal and interest to be guaranteed by the Reading
m ortgage and collateral tru st bonds, of which $500,000 will Company and the sinking fund to be reduced to $80,000 per
be reserved for future requirements. The underlying bonds annum. The bonds of those holders who did not assent to
in the hands of the public consist of $1,350,000 first mortgage this arrangement prior to June 1, 1901, will be taken up at
m aturity. (See particulars in V. 72, p, 348,)—V, 74, p. 153, 95.
5 per cent bonds of the railroad company, due May 1, 1941.
ii'.il By -1 per cent bonds. The proceeds will be used to
tak-s tit. me $6 000,000 temporary notes iesned for the purchase r the Monterey & Mexican Quit By., and will pro
vide fur the building of new lines and for other purposes,
id. R Nickerson, Vice-President and Qen. Manager, says:
January
25, 1902.]
THE
C H R O N IC L E .
Pittsburg MeKeesport & Connellsvllle Ry.—Purchase.—
This company is reported to have bought the Conaellsrille
Suburban Street Railway for $175,000. — V. 72, p. 242.
Rutland RR .—Netv Officers—D r. W ebb's C o n tro l.— (Joorgo
P, Jarvis has been elected General Manager of the Rutland
RR. Co. and Clarence Morgan, of this city, has been elected
Treasurer, to succeed O. F. Harrison, of Rutland, Vt. It is
unofficially stated that Dr. W. Seward Webb now controls
a little more than 55 per cent of the stock.—V. 74, p. 05.
Rutland Street Ry.—See Vermont Electric Securities Co.
below.—V. 73, p. 958.
St. Charles Street RR., New Orleans.—B onds Offered.—
Sealed proposals will be received at the office in New Orleans
till noon, Jan. 30, for the purchase of 300 bonds, $1,000 each,
or any part thereof, of the first mortgage 4 per cent 50 year
gold bonds, dated Jan. 1, 1902, with coupons attached, pay
able on July 1 and Jan. 1. The bonds will be sold to the
highest bidders; but no bid less than par and accrued inter
est will be considered. John McCloekey is mortgage trustee.
The company has recently acquired a 50 year extension of its
franchises from 1906 to 1956 for extensions and existing lines.
The old mileage is being increased, and when the track work
and barn and power extensions are completed (say within
the next few months) the company will operate about 80 cars
over 22 to 23 miles of track, the routes, it is claimed, being
as desirable as any in the city. All the old bonds have been
paid.—V. 78, p. 554.
St. Lawrence & Adirondack Ry.—Listed. —The New York
Stock Exchange has listed $315,000 additional common stock,
making the total listed $1,615,000.
P u rch a se.— See Canada At! antic Ry. above.—V. 74, p. 42.
St. Louis Memphis & Southeastern RR.—Bonds.—An
issue of $5,000,000 first mortgage 4per cent 50-year gold bonds
of this new consolidated company (see V. 73, p. 95) has been
underwritten by New York, St. Louis and Boston capitalists.
The present issue under the mortgage is limited to $8,530,000,
but additional bonds may be disposed of under appropriate
restrictions up to $16,000,000 in the aggregate.—V. 74, p. 95.
St. Louis Southwestern Ry.—New B on ds— O ption to E x
change Incom es. —The company, it is understood, contem
plates the making of a new bond issue to provide for im
provements and new acquisitions, and also for the retirement
of the present issue of $10,000,000 second mortgage incomes,
on terms shortly to be announced.—V. 73, p. 1314.
St. Louis Talley Railway Company.—M ortga ge.— This
company, incorporated on March 25. 1901, has made a mort
gage for $5,500,000 to the St. Louis Trust Co. as trustee, cov
ering, about 175 miles of track constructed and under con
struction from East St. Louis to Cairo, 111. W. S. Forman of
East St. Louis, 111., is President. The line has been under
construction for some months and is expected to be completed
in about a year.
S uit.— See Mississippi Valley RR. above.
Savannah Electric Co.—In Possession. —On Jan. 16 the
company took title by deed to “ the real and personal prop
erty, rights and franchises of the Savannah Thunderbolt &
Isle of Hope Ry. Co,, the Savannah & Isle of Hope Ry. Co.,
the City & Suburban Ry. Co. and the Edison Electric Illum
inating Co.” For legal convenience the City & Suburban
and Savannah & Isle of Hope Railway companies will con
tinue under those names.
M ortga ge. —The company has filed its new mortgage to
the American Loan & Trust Company ofjBoston, as trustee,
to secure $3,500,000 fifty-year 5 per cent gold bonds in denom
inations of $1,000 and $500, payable on Jan. 1,1952. These
bonds are issuable, as lully stated in V. 74, p. 152 and V. 73,
p. 1358. The company agrees to spend each year, beginning
with 1906, for permanent improvement, exclusive of the cost
of operation, not less than $20,000.
Officers.—The officers and directors are :
O ffic e r s — G e o r g e J . B a ld w in , P r e s id e n t ; J . H . J o lm a to n , T r e a s u r e r ;
E d w a r d J . T h o m a s , J r ., S e c r e t a r y ; D i r e c t o r s ; W . W . M a c k a ll, J . A . G .
C a r s o n , H e n r y S t e v e n s , J a c o b P a u ls e n , J a c o b 3 . C o llin s , A b r a m M in is
and A l b e r t W y l l y . — V . 7 4 , p . 152, 42.
Savannah Florida & Western B y .—New M ortgage —The
shareholders will vote Feb. 26 on a proposition to make anew
consolidated mortgage securing an issue of 4 per cent bonds,
of which the authorized total, it is understood, will not
exceed $31,000,000. The main purpose of the new issue is
to provide for taking up at maturity the $26,000,000, or there
abouts, of divisional bonds as they mature; the remainder of
the loan not so employed will be available for improvements,
additions, etc. The making of the new mortgage it seems
was part of the plan under which the several properties of
the Plant System were recently merged under the charter of
the Savannah Florida 6c Western.
E arn in gs.— The results for the year ended June 30, 1901,
are reported as follows:
Gross
F isca l y e a r —
receip ts.
1 9 0 0 - 0 1 ............................ $ 7 , 0 4 5 , 8 3 2
1 8 9 9 - 0 0 ............................ 7 , 2 6 9 , 6 6 0
- V . 73, p. 495.
N et
rece ip ts.
In te r e s t
<6 taxes.
N et
in com e.
$ 2 ,1 6 7 ,7 0 0 $ 1 ,4 6 8 ,4 7 5 $ 9 9 9 ,2 2 5
2 ,0 7 6 ,0 2 2
1 ,4 7 0 ,2 4 2
6 0 5 ,7 8 0
Seattle Electric C!o.—Increase o f S tock .—The shareholders
will vote Feb. 21 on a proposition to increase the preferred
stock from $1,750,000 to $3,000,000.—V. 73, p. 664.
Toledo <fcMonroe Electric Ry.— A ga in in Possession .—See
Detroit & Toledo Shore Line Ry. above, Also see V. 72, p.
1084, 1185.
207
Velusco Brazos <te Northern Ry.—B onds .—This company,
successor of the Velasco Terminal Ry. Co., has been author
ized by the Texas authorities to issue $200,000 in bonds on 20
miles of track.—V. 73, p. 1113.
Vermont Electric Securities Co.— C ontrol o f R u tland St.
R y. Co., E tc .—This company was incorporated in New Jersey
on i ec. 26, 1901, with $1,500 000 authorized capital stock,
and office iu the Corporation Trust Co. Building, Jersey City,
as an investment corporation, to buy and hold, it is said, the
stock of the Rutland Street Railway Co., the People’s Gas
Light Co. and the Chittenden Power Co., all of Rutland, Vt.
The People’s Gaslight Co., on Dec. 81st ult., voted to issue
$100,000 debenture bonds. It is expected in Rutland that
the Securities Company will issue bonds to provide for the
extension of the electric road into New York State and to
finish the building of the dam at Chittenden. [L. W. Bald
win, 60 Murray St., this city, replying to our request for the
revision of the above statement, states that the company ie
not yet ready to give out any information.]
Wabash River Traction Co.—M ortgage .—The company
has filed a mortgage covering its entire property to secure an
issue of 5 per cent 30-year bonds. The line was put
in operation between Peru and Wabash, Ind.. a distance of
17 miles, in August last. An extension from Peru to Logansport, 17 miles additional, is said to be proposed. C. W.
Blakeslee & S o d s , o f New Haven, Conn., are financially in
terested in the company,
West Virginia Central & Pittsburg RR.—Sale.— E. L.
Fuller, President of the International Salt Co., confirms the
report that he is at the head of the syndicate which has pur
chased control. Mr. Fuller was one of those interested in
the proposed independent anthracite coal road, which was
abandoned when the control of the Pennsylvania Coal Co.
passed to the Erie. Current gossip gives the price of the West
Virginia Central as par—namely, $100 a share. The sale, we
are informed, has been “consummated.” Mr. Fuller denies
that he and his associates are acting for the Wabash or any
other railroad company. See V. 74, p. 96.
Wheeling & Lake Erie RR.—In P ossession .—The com
pany on JaD. l took over the Zanesville Belt & Terminal
property.—V. 73, p. 1058.
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Car <te Foundry Co.—O rders in 1901.—The
“ Journal of Commerce & Commercial Bulletin” has obtained
the following statement of orders taken by the company
during the calendar year 1901:
3 4 ,0 0 0
B o x o a r s ...........................
F l a t o a r s .................................. 6 , 0 0 0
H o p p e r a n d g o n d o la o a r s ...2 4 ,c 0 0
S t o c k c a r s ................................ 2 , 7 0 0
F u r n i t u r e o a r s ........................ 1 , 4 0 0
T o t a l o a r s ................... . . . . . . . . . . . . . . . . . . . .
R e fr ig e r a t o r c a r s ..______ . . . 5 ,1 0 0
D u m p o a r s ............................... 1 , 2 0 0
M i s c e l l a n e o u s o a r s ......... .
6 ,6 0 0
P a s s e n g e r o a r s , a ll k in d s ...
610
_ ..8 1 ,6 1 0
Current contracts (all or mostly included above) represent
$50,000,000, including Pittsburg & Lake Erie RR., 1,000 box
cars of 80,000 pounds capacity; Hocking Valley RR., 1,000
coal cars; Baltimore & Ohio, 2,000 box cars; Norfolk &
Western, 2,000 coal cars; Pennsylvania RR., 4,000 steel underframe gondola cars and 400 refrigerator cars; Atchison,
4,300 box and stock cars.—V. 74, p. 42.
American District Telegraph Co. of New York,—Har~
m ony R estored .—The friction mentioned last week led to the
incorporation at Trenton, N J., on Monday, by the Western
Union interests, of the Western Union Messenger Service
Co., with $500,000 authorized capital stock, Subsequently
it was announced that harmonious relations were re
stored, and that the reduction in the capital stock from
$4,000,000 to $2,000,000, proposed by the management, would
not be pressed. Accordingly, at the annual meeting, Presi
dent Eckert stated that as holders of 4,658 shares opposed
the reduction and holders of only 1,318 shares favored it (as
shown by a ballot obtained through the mails), he “ recom
mends that no further action be taken in that direction.”
The officers and directors elected are :
Directors—Elverton R. Chapman, Thomas F.dClarh, D. N. Crouse,
Thomas T. Eckert, George J. Gould, Edwin Gould, Charles A. Missing,
vloe Marcellu8 Hartley, deceased; John F. Patterson, Thomas C.Platt,
Henry K. Sheldon, William H. Taylor, vloe A. Barton Hepburn, re
signed; Charles A. Tinker and George B. Wilson.
President, Thomas T. Eckert; Vice-President, Charles A. Tinker^
Secretary and Treasurer, C. 8. Shlvler. Executive Committee—Thos.
F. Clark. Thomas T. Eokert, John F. Patterson, Charles A. Tinker and
William H. Taylor.
Mr. Missing was one of the leaders in the recent movement
in opposition to the reduction of the stock and for obtaining
representation for the outside stockholders. See report on
page 203.—V. 74, p. 153, 42.
American Locomotive V o.—Output in 1901.—See Baldwin
Locomotive Works below.—V. 74, p. 96.
American Sugar Refining Co.— P r ic e o f S u g ar .—The com
pany has again increased the price of hard sugars from 4’65
cents to 4*75 cents.—V. 74, p. 163, 96.
American Straw Board Co.—C onsolidation .—The com
pany by circular requests the stockholders who have not yet
deposited their shares to do so with a view to a consolidation
of the box-board manufacturers.—V. 78, p. 495.
American (Bell) Telephone & Telegraph Co.—R esult o f
C om petition .—See Federal Telephone Co. below. —V. 74, p„
97, 42.
208
THE CHRONICLE
Aiuoricau Tobacco (Jo.—Cornmom Stock No Longer Listed.
—The New York Stock Exchange haa atricken the common
atock from the official liat, nearly the entire iaaue having
been acquired by the Consolidated Tobacco Co.—V. 73, p.
1358.
American Trading Co.—R esum ption o f Old Nam e.—See
flint & Co. below.
Alluutlc Coast Lumber Co.—C on solid a tion . —See Flint &
Co. below.—V. 71, p. 914.
Baldwin Locomotive Works.—L ocom otives B u ilt in 1901.
—During the year 1901 the company turned out 1,875 loco
motives, representing a money value of about $17,000,0(10.
Of this total 5510 were oompound, 45 electric, 0 compressed
air and the balance miscellaneous simple engines; 174 were
exported. The output in 1901 compares as follows:
1901.......1,375 I 1899___ 901 I 1897___ 501 I 1895___ 401 I 1893___ 77a
1900. ...1,3 17 I 18 98 ....7 55 |1 8 9 6 ....6 4 7 |1 8 9 4 ....3 1 3 | 18 92 ....7 31
The American Locomotive Co., it is stated, produced from
June 15, 1901, the date when it began business, to Deo. 81,
1901, 899 locomotives; the constituent companies in 1901,
prior to June 15, turned out 632; total, 1,531.
Bell Telephone Co. of Philadelphia.—L isted .— The Phil
adelphia Stock Exchange has listed $999,850 additional stock,
making total listed $6,981,700.—V. 72, p. 1036.
Cambria Steel Co.—R ep o rt. —At the annual meeting on
Tuesday a statement was presented covering operations only
for the 2% months from Aug. 15 to Oct. 81,1901. It shows: Net
income from all sources,$819,891; deduction to cover estimated
depreciation, $860,263; balance, $459,128, carried to credit of
income account.—V. 74, p. 153.
Carolina Rice Mills of Wilmington and Goldsboro, N. C.
—New E n terp rise. —This company expects to put in opera
tion early in February its plant for the production of a new
preparation of rice, under the name of “ Carolina Rice
Flakes,” the rice being not only thoroughly cooked, but
treated in such a manner as to render it more palatable and
easily digested. Henry Weil of Goldsboro, N. C., is President.
Chateaugay Ore & Iron Co.—Assents.—All but two of the
bonds disturbed by the readjustment plan have been de
posited in accordance with its terms.—V. 74, p. 97.
Chicago Edison Co.—New Stock. —The directors have an
nounced their intention to offer at par $690,000 of new stock
to present stockholders to the extent of 10 per cent of
their holdings. The proceeds will be used to enlarge the
Harrison St. plant and for other improvements and additions.
—V. 72, p. 1240.
Chicago Pneumatic Tool Co.—F u rth er D eta ils. —The
first mortgage 5 per Ctnt gold bonds ($1,000 each), interest
payable Jan. and July, are subject to call in whole or in part
at 105 on and after Jan. 1, 1907, or beginning Jan. 1, 1903,
they may be drawn for payment by lot at the same price, to
satisfy the requirements of a yearly sinking fund of $50,000.
—V. 74, p. 154, 97.
Chicago Railway Terminal Elevator Go.— O p p ortu n ity to
Sell B on d s. —The Illinois Trust & Savings Bank, trustee,
gives notice that it has on hand funds derived from the sale
of a portion of the property and from insurance collected on
fire loss, applicable to the purchase of bonds; bids for a flat
price will be received for sale to it of any amount not ex
ceeding $100,000 par value of said bonds until 11 a , m.,
Feb. 24, 1902, at its offices in Chicago, Ills.—V. 72, p. 1034.
Consolidated Railway Lighting & Refrigerating Co.—
C on test.— The contest between President Isaac L. Rice and
associates on the one hand and. the board of directors on the
other has resulted in the publication of no less than four
advertisements addressed to the stockholders (see “ Evening
Post” of Tuesday), as follows:
One of these advertisements favors the position taken by Mr. Rice.
It is signed by Walther Luttgen, Norman Henderson, Arthur Turn bull and William Brown Lord, and asks for proxies to elect a new
board of directors on March 20, and to prevent the present board
from voting at the annual meeting of the Consolidated Elec
tric Lighting & Equipment Co. (absorbed by the Refrigerating Co.)
on Feb. 11. it is claimed in this advertisement that the present direc
tors represent only the minority stock, and are holding offioe contrary
to an agreement by which they were to resign in favor of the directors
of the Consolidated Electrlo Lighting & Equipment Co.
On the other hand, live directors of the Refrigerating Company issue
a call for a special meeting of the shareholders of that company on
Jan. 31 to take measures against President Rice for alleged im
proper application of 10,000 shares of the company stock etc.
A third advertisement is signed by George W. Knowlton, J. B. Clem
ent, Irvin Cadmus, Robert Dixon, S. Marsh Young and John H. Thomp
son Jr., asking for proxies to help “ free the oompany from the delays,
entanglements and losses occasioned by the acts of Isaao L Rice.”
Still another proposition is made by Lexow, McKelier & Wells,
attorneys, to look after shareholders in general, without stating
which side they represent.—Y. 74, p. 154.
Colorado Fuel & Iron C o.—P a ym en t o f B on ds. —The
$8,600,000 mortgage bonds of the Colorado Coal & Iron Co.
due Feb. 1, with the February coupons, will be paid at
maturity. Blair & Co. are the fiscal agents of the company.
—V. 73, p. 1266.
Cramp Steel Co., Limited.—P la n t.— The company’s plant
at Collingwooa, Ont., it is expected, will be in full blast in
June next, and contracts are now being made for future de
livery. It will have an output of 300 tons of steel daily, the
product being chiefly merchant bar, steel rods and billets.
It is thought likely the company will add a beam mill to
the present plant.
[Vol.
LXXIV.
D irectors.— H. Prentiss Taylor of San Francisco and New
York was recently elected a direotor. The board now in
cludes:
W illia m M . C r u m p a n d C h a r le s D . C r a m p , la t e G e n e r a l M a n a g e r
a n d la t e S u p e r v is o r , r e s p e c t iv e ly , o f W ill. C r a m p & S o n s S h ip & E n
g i n e B u il d l u g C o .. P h i la d e l p h i a , P a .; M a jo r C o ll in s , P r e s i d e n t C e n t r a l
I r o n & 8i f e l C o . , B r a z i l , I n d . ; l ) r . W . H o w a r d W e b b , C o l . A . B . C h a n d
le r a n d W . W e s le y A llis o n , a ll o f N e w Y o r k ; I I , L . B u r r a g e , B o s to n ,
M a s s .; H o n . 8 1 r C h a r l e s H . T u p p e r , K . C . M . G . , M . P ., V i c t o r i a , B . O .;
H o n . S e n a t o r J . R . G o w a n , C . M . G ., B a r r ie , O n t.; A . M c L e a n M a o
D o n n e ll a n d J . A , C u r r ie , T o r o n t o , O n t .— V . 7 3 , p . 8 5 .
Dover (N. J.) Water Co.—P u rch a se. —The town has voted
to purchase the oompauy’s plant for $70,000.
Empire Steel & Iron Co.—Allied C om p an y .—The follow
ing from one of our exchanges has been officially confirmed:
I n t e r e s t s c o n n e c t e d w it h th e o o m p a n y h a v e p u r c h a s e d t h e w e llk n o w n O r ls k a n y o r e p r o p e r t y k n o w n a s W ils o n R u n , t o g e t h e r w ith
t h e b la s t fu r n a c e a t I r o n G a t e , V a ., fo r a ea rn u n d e r s t o o d t o b e a b o u t
$ 1 ,0 0 0 ,0 0 0 . T h is p r o p e r t y h a s f o r s o m e y e a r s b e e n o p e r a t e d b y th e
A lle g h e n y I r o n A S t e e l C o . P o s s e s s io n Is t o b e t a k e n a t t h e e x p i r a
t io n u i th e p r e s e n t le a s e to M D . C h a p m a n , o f N e w Y o r k . A n e w c o r
p o r a t io n , t o b e k n o w n a s t h e O r ls k a n y O r e & I r o n C o ., w ill p r o b a b ly
b e o r g a n iz e d to ta k e o v e r th e V ic t o r ia a n d B h e u e n d o a h fu r n a c e p r o p
e r t ie s a n d t h e P o t t s V a l le y I r o n C o ., t h e s e in t e r e s t s a g g r e g a t in g a b o u t
3 0 .0 0 0 a c r e s o f m in e r a l la n d s , s e v e r a l d e v e lo p e d o r o m in e s a n d t w o
g o o d b la s t fu r n a c e s . T h e s e , w ith I r o n G a te , g iv e th e n e w c o m p a n y
t h r e e fu r n a c e s . T h e V ic t o r ia F u r n a c e Is o n e o f t h e b e s t In V ir g in ia .
I t is e x p e c t e d t h a t C h a r le s H . Z e h n d e r w ill b e P r e s id e n t , a n d M a r k T .
C o x , o f R o b e r t W i n t h r o p & G o ., 4 0 W a l l S t ., N e w Y o r k , T r e a s u r e r .—
V . 73, p. 1210.
Erie Telegraph & Telephone Co.—M eetin g.— The meet
ing of the shareholders called for to-day is for the purpose of
approving the proposition to sell the company’s property to
the successor company, to be organized in accordance with
the reorganization plan.
Increase o f Business. —See Federal Telephone (opposition)
Co. below.—V. 74, p. 154, 98.
Federal Telephone Co.— C om p etition .— Mr. Everett is
quoted as saying:
A t fir s t I s t a r te d o u t t o g e t 6 ,0 0 0 s u b s c r ib e r s t o a n o p p o s it io n
com pan y.
I g o t t h e m a n d fig u r e d t h a t w ith m o r e s u b s c r ib e r s
th a n th e E r ie in C le v e la n d , I o o u ld d o m in a t e t h e lo c a l t e le p h o n e s it u
a t io n . I t n e v e r o c c u r r e d t o m e t h a t M r . G lid d e n o f t h e E r ie C o .
w o u ld , In t h r e e y e a r s , In c r e a s e t h e B e ll s u b s c r ib e r s In C le v e la n d fr o m
5 .0 0 0 t o 1 5 ,0 0 0 . B u t h e d id it . W e h a v e n o w 8 ,0 0 0 “ o p p o s i t i o n ”
t e le p h o n e s u b s c r ib e r s , w h lo h Is a ll w e e v e r e x p e c t e d , b u t a r e fu r t h e r
b e h in d th a n a t th e s t a r t. T h e g r o w t h o f t h e B e ll b u s in e s s h a s s im p ly
a s to n is h e d u s , a n d s h o w s a m u c h la r g e r fie ld l o r t e le p h o n e b u s in e s s
t h a n a n y b o d y a n t ic ip a t e d .— V . 7 3 , p . 4 4 7 .
Flint k Co.—In co rp o ra ted . —This company was incorpor
ated in New Jersey on Jan. 22 with $5,000,000 capital stock,
the incorporators being Charles R. Flint, Robert Y. Hebden,
Angnst Belmont, Wallace B. Flint, Robert M. Gallaway,
George R. Sheldon and Valentine P. Snyder. Mr. Flint says:
T h e n e w c o r p o r a t io n w ill t a k e o v e r t h e a s s e ts , b u s in e s s a n d g o o d
w ill o f t h e fir m o f F lin t & C o . a n d w ill a s s is t a s r e a d ju s t m e n t t r u s t e e s
in th e liq u id a t io n o f o e r ta ln in te r e s ts in th e fu r th e r d e v e lo p m e n t o f
w h ic h t h e n e w c o m p a n y w ill n o t b e id e n t ifie d , t h o u g h m y b r o t h e r a n d
I w ill o o o p e r a t e w it h t h e t r u s t e e s t o t h a t e n d . T h e fir s t o r g a n iz a t io n
w h ic h th e n e w c o m p a n y w ill d o u b le s s u n d e r ta k e w ill b e th e c o n s o lid a
t io n o f th e N o r t h C a r o lin a lu m b e r in d u s t r y .
The trading business of Flint & Co. was in 1900 trans
ferred to Flint, Eddy & Co., which was later consolidated
with the American Trading Co. under the name of Flint,
Eddy & American Trading Co. The name of this latter com
pany will be changed to the American Trading Co.
Flint, Eddy & American Trading Co.—Change o f N am e.—
See Flint & Co. above.—V, 74, p. 154, 98.
International Navigation Co.—N egotiation s.— Much in
terest has been taken this week in a reported conference in
this city of representatives not only of the leading American
steamship lines but of the White Star, CuDard and other
foreign companies. As is well known, Mr. J. P. Morgan and
associates daring 1901 purchased control of the Leyland Line,
and again and again were credited with buying, or attempt
ing to buy, an interest in the principal German companies.
Those in authority assert that uo merger is proposed, and
even cast discredit on the idea that a pool or agreement for
maintaining traffic rates is proposed. It would surprise no
one, however if better feeling should presently be found to
exist among the companies in general, or inoase such Ameri
can companies as the International Navigation, Atlantic
Transport and Leyland lines should eventually be brought
under one management.—V. 73, p. 960.
Lackawanna Iron & Steel Co.—Increase o f S tock. —Di
rector J. J. Albright of Buffalo is reported by the news
papers of that city as saying :
W e h a v e b e e n w o r k in g u n d e r th e o ld P e n n s y lv a n ia c h a r te r , a n d a r e
n o w s e r io u s ly c o n s id e r in g th e a d v is a b ilit y o f s u r r e n d e r in g t h a t a n d
t a k in g o u t a N e w Y o r k c h a r t e r in s te a d . W e h a v e d e r id e d t o in c r e a s e
t h e c a p i t a l s t o c k o f t h e c o r p o r a t i o n f r o m $ 20 , 000,000 [ i . e o u t s t a n d
i n g , $ 2 5 , 0 0 0 , u t 0 a u t h o r i z e d — E d ] t o $ 1 0 , 0 0 0 , O t 'O . T h i s w i l l e n a b l e
u s t o g o in t o t h e m a n u fa c t u r e o f s t r u c t u r a l ir o n a n d s t e e l in fo r m s t h a t
w e r e n o t c o n t e m p la t e d t o th e o r ig in a l p la n s . W h ile w e h a v e p r a c
t ic a lly d e o ld e d t o d o u b le t h e c a p it a l, t h e le g a l s t e p s h a v e n o t y e t b e e n
ta k e n , t h o u g h th e y m a y h e c o n c lu d e d w ith o u t a n y d e la y . Y . 7 4 ,p . 9 8 .
Lake Drummond Canal & Water Co.—See Norfolk &
Southern RR. Co. under “ Railroads’’above.
Montreal Light, Heat & Power Co.—New B on d s.—The
shareholders last week authorized the issuance of $7,500,000
of
per cent bonds, due in 30 years, but subject to redemp
tion in 10 years at 105. The new bonds are to be issued or
reserved as follows:
B o n d s o f t h e C h a m b ly M fg . C o ., $ 2 ,0 0 0 ,0 0 0 : g e n e r a l p u r p o s e s ,
$ 5 0 0 ,0 0 0 ; b o n d s o f t h e M o n t r e a l G a s O o ., $ 8 8 0 ,0 0 0 ; b o n d s o f t h e
R o y a l E le c t r lo C o ., $ 5 2 5 ,0 0 0 ; t o b e I s s u e d f r o m t im e t o t im e a s u e o o a s a r y f o r c o n s t r u c t io n , e t c ., $ 3 ,5 9 5 ,0 0 0 .
S e e last w e e k ’ s C h r o n i c l e , p a g e 1 5 5 .
g p
F o r o t h e r I n v e s t m e n t N e w * s e e I ’ n g i ' n ‘2 1 5 m u l 2 1 6 .
THK
January 25, 1902.]
CHRONICLE
209
imports and documents.
LEHIGH
VALLEY
R AI L R OA D
COMPANY.
FORTY-SEVENTH ANNUAL REPORT-FOR THE FISCAL YEAR ENDED NOVEMBER 80, 1901.
P
h il a d e l p h ia
,
Ja n u a ry 15, 1902.
To the S tockh old ers o f the Lehigh Valley R a ilroa d C om p a n y;
The following; synopsis of the an n u a l report for the fiscal year ended Novem ber 30, 1901, is su b m itted :
IN C O M E
ACCOU N T.
10 01 .
E arnings
F
F
F
F
F
rom
rom
rom
rom
rom
from
$ 1 1 ,6 8 3 ,2 7 7
1 0 ,2 5 5 ,9 6 0
3 ,6 3 5 ,0 6 0
4 3 2 .6 1 6
6 7 6 .6 1 7
F
F
F
F
or
or
or
or
$ 9 ,4 1 3 ,4 7 2
9 ,6 5 9 ,1 7 2
2 ,9 5 9 ,3 7 8
3 9 9 ,7 2 7
6 1 7 ,5 3 1
62
63
94
37
99
T o t a l e a r n in g s .
of
In crea se.
D ecrea se.
P e r cen t.
Operation —
c o a l t r a f f i c . . . . . . . . . . . . . . . . . . . . . . . . . . ........
m is c e lla n e o u s fr e ig h t tr a ffic .
p a s s e n g e r t r a f f i c ........................
e x p r e s s a n d m a l l ......................
m i s c e l l a n e o u s s o u r c e s ...........
E xpenses
1900.
$ 2 6 ,6 8 3 ,5 3 3 5 5
21
13
49
96
43
$ 2 3 ,0 4 9 ,2 8 2 2 2
$ 2 ,2 6 9 ,8 0 5
5 9 6 ,7 8 8
6 7 5 ,6 8 2
3 2 ,8 8 8
5 9 ,0 8 6
41
50
45
41
56
In o . 2 4 -1 1
“
6 -1 8
“
22*83
“
8*23
“
9 -5 7
$ 3 ,6 3 4 ,2 5 1 8 3
In o.
1 5 -7 7
Ope ration —
m a in te n a n ce o f w a y a n d s tru ctu r e s .
m a i n t e n a n c e o f e q u i p m e n t .................
c o n d u c t i n g t r a n s p o r t a t i o n ............. .
g e n e r a l e x p e n s e s .....................................
$ 4 ,4 9 9 ,6 3 2
4 ,8 0 6 ,1 2 9
1 0 ,0 4 6 ,4 1 0
7 1 7 ,7 0 3
$ 3 ,8 6 1 ,9 2 6
4 ,7 3 8 ,1 9 8
9 ,9 0 9 ,8 9 8
7 3 2 ,3 9 8
96
77
00
27
59
11
52
25
$ 6 3 7 ,7 0 6 3 7
6 7 , 9 3 1 66
1 3 6 ,5 1 1 4 8
T ota l ex p en ses.
2 0 ,0 6 9 ,8 7 6 0 0
$ 1 9 ,2 4 2 ,4 2 1 4 7
N e t e a r n in g s fr o m o p e r a t io n .
L e s s t a x e s .............................
$ 6 ,6 1 3 ,6 5 7 5 5
6 2 5 ,9 3 7 2 2
$ 3 ,« 0 6 ,8 o O 7 5
6 3 2 ,8 0 5 7 8
$ 2 , 8 0 6 , 7 9 6 80
D ed u ct—
L o s s a n d d e p r e c ia t io n w a t e r lin e s .
$ 5 ,9 8 7 ,7 2 0 3 3
2 2 2 ,6 0 7 9 3
$ 3 ,1 7 4 ,0 5 4 9 7
2 9 0 ,6 8 3 8 0
$ 2 ,8 1 3 ,6 6 5 3 6
$ 5 ,7 6 5 ,1 1 2 4 0
$ 2 ,8 8 3 ,3 7 1 1 7
$ 2 ,8 8 1 ,7 4 1 2 3
T o w h ic h a d d —
In co m e fro m o th e r s o u rce s
D i v i d e n d s o n s t o c k s .................................
I n t e r e s t o n b o n d s ......................................
I n t e r e s t o n m o r t g a g e s .............................
S u n d r y r e o e l p t s ..........................................
I n te r e s t r e c e iv a b le , g e n e r a l a o o o u n t.
L ess—
I n t e r e s t p a y a b l e , g e n e r a l a c c o u n t ........................
S u r p lu s e a r n in g s d u e t o c o n t r o lle d c o m p a n ie s .
$ 3 5 3 ,7 2 6
6 1 6 ,1 2 0
4 1 ,7 3 1
4 4 ,1 6 2
5 0 ,1 5 7
$ 3 1 2 ,8 8 7
6 1 6 ,6 )0
4 1 ,4 1 7
3 9 ,8 2 7
4 5 ,0 4 1
40
00
52
19
90
R a tio o f o p e r a tin g e x p e n s e s to e a r n in g s (e x c lu s iv e o f
t a x e s ) ...........................................................................................
314 26
4 ,3 3 4 7 8
5 ,1 1 6 0 0
$ 1 ,0 5 5 ,7 8 4 7 8
$ 5 0 ,1 1 3 2 3
$ 3 ,9 3 9 ,1 5 5 9 5
$ 2 ,9 3 1 ,8 5 4 4 6
$ 2 5 4 ,8 8 2 9 3
$ 3 2 ,3 5 3 0 2
1 0 ,8 8 4 0 9
$ 2 5 4 ,8 8 2 9 3
$ 4 3 ,2 3 7 1 1
2 9 8 ,1 2 0 0 4
S u r p lu s c a r r ie d t o c r e d it o f p r o fit a n d lo s s .
$ 4 0 ,8 3 8 6 0
1 ,1 0 5 ,8 9 8 0 1
$ 6 ,5 7 2 ,8 9 0 3 7
D ed u ct—
I n t e r e s t o n f u n d e d d e b t ...................................................
I n t e r e s t o n e q u i p m e n t t r u s t o b l i g a t i o n s ...................
R e n t a l s o r l e a s e d l i n e s a n d g u a r a n t i e s .....................
I n te r e s t o n b o n d s o f th e L e h ig h V a lle y C o a l C o m
p a n y , g u a r a n t e e d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............
$ 8 2 7 ,4 5 4 5 3
$ 6 ,8 7 1 ,0 1 0 4 1
$ 2 8 7 ,2 3 5 9 5
1 0 ,8 8 4 0 9
T o ta l in o o m e .
80
41
26
41
90
In c.
4*30
In o . 7 3 -7 3
$ 6,"868 5 6 D e o .
1 09
In o . 8 8 -6 5
$ 6 8 ,0 7 5 8 7 D e o . 2 3 -4 2
In o
9 99 4
In c. 1 3 0 5
*08
$ 4 f O 41 D eo.
In o.
-7 6
“
10*88
“
1 1 -3 6
In o.
4 -7 5
In o. 74*43
In c.
12*61
$ 3 , 6 8 4 ,2 7 3 Ol $ 2 , 8 8 8 ,6 1 7 3 5
In o.
78*40
$ 1 6 1 ,5 8 3 3 3
7 4 ,6 2 5 0 0
In c.
“
7*61
4 5 -2 6
In o.
4 10
$ 2 ,2 8 5 ,0 8 3 3 3
2 3 9 ,5 0 0 0 0
2 ,6 4 7 ,9 9 5 0 0
$ 2 ,1 2 3 ,5 0 0 0 0
1 6 4 ,8 7 5 0 0
2 ,6 4 7 ,9 9 5 0 0
8 2 5 ,7 0 0 0 0
8 2 5 ,7 0 0 0 0
5 ,9 9 8 ,2 7 8 3 3
$ 5 ,7 6 2 ,0 7 0 0 0
$ 2 3 6 ,2 0 8 3 3
$ 5 7 4 ,6 1 2 0 4
* $ 2 ,0 7 7 ,7 9 6 9 8
$ 2 ,6 5 2 ,4 0 9 0 2
75*21 p er cen t
In c. 16 51
“
1 -4 3
“
1 -3 8
$ 1 4 ,6 9 4 9 8 D e c . 2 * 0 1
8 3 -4 8 p e r c e n t
8 -2 7
* D e fic it.
T h e I n c o m e A c c o u n t d o e s n o t in c lu d e th e o p e r a t io n o f th e L e h ig h V a lle y C o a l C o m p a n y , s t a t e m e n t o f w h ic h is s h o w n o n p a g e 2 1 2 .
portation over your trac k s, th e revenue from coal tra n s
From th e statem en t of Incom e A ccount, it w ill be noted portation was $11,099,166 69, as com pared w ith $8,801,201 84
th a t your Com pany shared largely in th e im proved general in the previous year, an increase of $3,294,964 85, or 26-07
business conditions, m arked increases being m ade in the per cen t.
There were 13,075,778 n e t tons of coal, exclusive of ra il
revenue from all classes of traffic; th e to ta l earnings being
$28,683,533 55, an increase over the previous fiscal y ear of road supply, transported d u rin g th e year, an increase of
1,905,144 n et tons, or 17-05 per cent. Of th is tonnage 2,447,$3,634,251 33, or 15-77 per cen t.
t*>The expense of operation, exclusive of taxes, was $20,- 430 n et tons were hauled by other carriers over your track s,
069,876, an increase as com pared w ith th e previous fiscal as com pared w ith 2,295,416 n e t tons in 1900, an increase of
152,014 n et tons, or 6-62 p e rc e n t.
year of $327,454 53, or 4 ,30 per cen t.
The average revenue per ton hauled in your tra in s was
The n et earnings from operation were $6,613,657 55, as
com pared w ith $8,806,860 75 in th e previous fiscal year, an $1-0443, as com pared w ith 99-20 cen ts for the previous fiscal
increase of 73'73 per cent. D eductions were m ade from this year, au increase of 5-23 cents, or 5-27 per cen t.
am o u n t for tax es paid, and loss and depreciation on w ater
M IS C E L L A N E O U S F R E IG H T T R A F F IC .
lines, of $848,545 15, m aking th e to ta l n e t earnings from the
The
earnings
from m iscellaneous fre ig h t traffic, including
operation of th e railroad system $5,765,112 40, an increase of
$2,881,741 28 as com pared w ith the previous fiscal year, or L ighterage Line, were $10,255,960 63, an increase of $596,788 50, or 6"18 per ce n t, as com pared w ith th e previous fiscal
99 -94 per cen t.
a-.The percen tag e of railroad operating'expenses to earnings, year.
E xcluding the L ighterage Line, th e earnings were $9,541,exclusive of taxes, was 75-21 per ce n t, as com pared w ith
823 07, an increase of $589,196 03, or 6-58 per ce n t, as com
83-43 per c e n t in 1900, a decrease of 8*27.
pared w ith th e previous fiscal year. C O A L T R A F F IC .
The to ta l tonnage, exclusive of Company m aterial, was
The o u tp u t of coal from the an th ra c ite regions was th e 9,177,276 tons, an increase of 622,026 tons, or 7-27 per cen t.
The average revenue per ton was $1-0397, a decrease of -67
larg est in th e history of the trad e , and the tonnage moved
over y our railroad exceeded by about 500,000 gross tons ce n t, or -64 per cent.
Company m aterial am ounted to 309,917 tons, a decrease
th a t moved in any previous year.
T he earnings from tran sp o rtatio n of a n th ra c ite and b i of 5,84.6tons, or 1-85 p e rc e n t.
tum inous coal were $11,688,277 82, an increase as com pared
w ith th e previous fiscal year of $2,269,805 41, or 24-11 per C O M B I N E D C O A L A N D M I S C E L L A N E O U S F R E I - H T T R A F F I C
cen t.
The com bined volume of business, th e direction in w hich
E xcluding th e revenue from th e Tow ing Line in New m oved, and the ton m ileage, are shown in th e following
York H arbor, and track ag e paid by other carriers for tra n s table:
E A R N IN G S .
THE CHRONICLE
210
Ooal a n d M iscella n eo u s
JPrviyki—
Local t ti f Oil g tl * WO&tr
bouiid
------ Local
bound*
Local way, wuat-bound t
Local way, catst-bouudt.
Wet Tone,
1901.
Net Tone.
1900.
In c r ea s e
or Decrease.
17,660
3J,'?82
1,793,7*26
8.711.461
21,363
52,086
1,431,242
4,866,353
D. 8,697
D . 17,284
I. 362,483
J. 845,10 8
7,557,634
6.870,994
/. 1.186,640
500,863
I. 111,721
J,#66,891
2,744/282
5,024,233
3,665,378
2,277,918
4,615,322
/. 201,513
I. 466,369
i. 408,911
12,247,990
11.059,476
I. 1.188,514
Total carried, earning rev
nue......... .............. . .....
Total carried tor Ooinnaay's u se..,.......... ........ .
19,805,624
17,430,470
1. 2,375,154
1,755,136
1,633,190
Total tonnage carried.
21.560,760
19,063,660
Total i d e a l . * .
Inter line
through, west-
liiim iiiic dirotififli, cadibound j ............. ...........
Sttterilne vv«,>, went -bound :
interline way,east-bound\
Total interline............
[VOL. L’XXIV.
the gross earnings was reduced from 42*99 to 37*65, mani
festing the good results obtained by the greater capacity of
your motive power and car equipment, thus enabling your
traffic to be handled more economically.
The average num ber of tons of revenue freight in each
train was 467*62, an increase of 40*11 over the previous year.
Including the helping engine mileage, the average num ber
of revenue tons per train was 424*85, an increase of 59*95
over the previous year. The average num ber of tons of
freight in each train including Company’s supplies, was
486*97, an increase of 40*86 tons, or 9*16 per oent. Includ
ing the helping engine mileage, the average num ber of tons
of all freight in each train was 441*90, an increase of 61*65
tons, or 16*21 per cent.
GENERAL EXPEN8ES.
I.
The General Expenses were $717,703 27, a decrease of $14,121,946 694 98, or 2*01 per oent. The cost of insuring your property
was $15,373 48 greater than in the previous year,
I. 2.497,100
MARINE EQUIPMENT.
Additional payments were made on account of the con
struction of the steamers “ W ilkes-Barre” and “ Mauck
Chunk,” to which reference was made in the last annual re
port, am ounting to $410,406 17.
T o t a l c a r r i e d o n e m l l e . 3 , 963.3 1 4 , 4 6 7 3 , 4 2 0 , 8 7 7 , 9 2 8 I. 5 4 2 , 4 3 6 , 5 3 9
There were also constructed twenty-eight barges, costing
$119,500 00, making a total of $529,906 17, which was charged
A v e r a g e d is ta n c e c a r r ie d ,
all revenue freight........ 192-16 miles 188*08 miles. I. 4*08 miles. to the capital account of the Lehigh Valley Transportation
Average revenue per ton,
Company of New Jersey, a new corporation controlled in
all revenue ireiglit........ 104*22 cents 10187 cents
I. 2*35 cents. your interest.
Average revenue per ton
Carried one mile, earning
revenue....... ...................3,808,865,245 3,278,236,232 I. 527,629,013
Carried one mile lor Com
pany's use...............
157,449,222 142,641,696 I. 14,807,526
per mile, all revenue
freight........... ...............
CONSTRUCTION.
*542 cent,
*542 cent.
........
* Local traffic between terminals of the system.
t Local traffic between Intermediate points or between intermediate
points and terminals.
§ Traffic intercbarged with other carriers moved between terminals
or between junctions with other roads.
1 Traffic interchanged with other carriers moved to or from poinis
other than terminals or junctions.
PASSENGER TRAFFIC.
A large increase is to be noted in the earnings from pas
senger traffic, which was exceptionally active during the
period of the Pan-American Exposition, at Buffalo, N. Y.
Owing to the necessity of using all your passenger equip
m ent th at could be made available for this service, the local
excursion business, which is ordinarily an im portant fea
tu re during the summer months, was in a large measure
abandoned for lack of proper facilities to handle it, which
to a large extent accounts for the decrease in the num ber of
passengers carried.
The revenue from passenger traffic was $3,635,060 94, an
increase of $675,682 45, or 22*83 per cent.
The to tal num ber of passengers carried was 4,431,507, a
decrease of 286,342 passengers, or 6*07 per cent.
The average revenue per passenger was 82*03 cents, an in
crease of 19*30 cents, or 30*77 per cent.
The average revenue per passenger per mile was 1*749
cents, a decrease of *103 cent, or 5*56 per cent.
The num ber of passengers carried one mile was 207,854,709, an increase of 48,102,750 passenger miles, or 30*11 p. c.
The average distance each passenger traveled was 46*90
miles, an increase of 13*04 miles, or 38*51 per cent.
The passenger train mileage was 4,467,264 train miles, an
increase of 135,467 train miles, or 3*13 per cent.
MAINTENANCE OF WAY AND STRUCTURES.
The expenses of M aintenance of W ay and Structures for
the year were $4,499,632 96, an increase of $637,706 37, or
16*51 per cent.
This increase was principally due to further strengthening
and repairing of bridges, some of the more im portant
bridges on your line haviog been renewed w ith the object
of extending the lim its w ithin which heavier power and
trainloads can safely be used; to additional ballasting of
track w ith stone, 234*05 track miles being now laid w ith
this class of ballast; and also to the further erection of
autom atic block signals, 314 miles of track having been so
equipped during the year, making a total of 896 track miles
thus protected.
The cost of additions and betterm ents included in oper
ating expenses was $1,884,907 67.
MAINTENANCE OF EQUIPMENT.
The cost of M aintenance of Equipm ent was b u t slightly
higher than in the previous year, being $4,806,129 77, an in
c r e a s e of $67,931 66, or 1*43 per cent. The cost of current
repairs was about $200,000 in excess of the previous year;
b u t owing to the greatly improved condition of your equip
m ent generally, there was less necessity for condemning
older types of locomotives and cars. A num ber of engines,
however, were condemned, and there yet rem ain a consider
able num ber which, for economical reasons, m ust be dis
m antled in the near future. The charge for equipment con
demned and destroyed was $435,679. This am ount was
credited to the Equipm ent Renewal Reserve Account, the
credit balance of which Nov. 30, 1901, was $476,042 41.
CONDUCTING TRANSPORTATION.
The expenses of Conducting Transportation am ounted to
$10,046,410 00, an increase of $136,511 48, or 1*38 per cent.
It is especially gratifying to call attention to the fact th a t
the largely increased volume of traffic was moved at prac
tically the same expense as in the previous year, and th a t
the percentage of Conducting Transportation expense to
Work was continued on the construction of the Greenville
& Hudson Railway, $117,744 50 being expended for filling
trestles and $8,823 12 for tracks, paving, signals and in ter
locking plants. Land belonging to th a t company, of the
value of $12,332 11, was sold, m aking a net charge against
the capital account of $113,735 51,
Charges were made against the Lehigh Valley Terminal
Railway Company for construction of Oak Island yard,
Hamburg Place Branch, signals, land purchased and legal
expenses, am ounting to $72,802 66.
For land purchases and engineering and legal expenses on
account of the Lehigh & Lake Erie Railroad Company
$86,008 39 were expended.
During the period of the lease of your property to the
Philadelphia & Reading Railroad Company, a large am ount
of work was done by the lessees on your auxiliary lines,
which were then in process of construction. Detailed bills
were rendered for these expenditures and were accepted as
proper charges against th e several companies, b u t the
amounts were held in suspense pending a final adjustm ent
of the accounts between your Company and the lessees.
The charges to auxiliary lines on this account am ounted to
$426,452 58.
FINANCIAL.
An additional Car Trust, known as “ Series E ,” am ounting
to $656,000, was created on March 30, 1901, covering the fol
lowing equipment:
4 2 lo c o m o t iv e s ,
11 p a s s e n g e r c o a c h e s ,
3 c o m b in a tio n c a r s ,
6 b ag gag e cars.
This tru st provides for the issue of 656 certificates of $1,000
each, bearing interest, payable on February 1st and August
1st, a t 4% per cent per annum; the principal being payable
in eight annual instalm ents of $82,000 each, beginning
February 1st, 1902.
There were sold during the year $200,000, par value, of
Consolidated A nnuity 6 per cent Bonds.
Of the original authorized issue of bonds under the Mort
gage and Collateral Trust Deed of May 1st, 1897, $3,000,000
had been held in your treasury to provide funds for con
struction and other purposes. These bonds were sold d u r
ing the y ear to partly cover expenditures which had pre
viously been made on these accounts.
Paym ents on account of the principal of Car Trusts “ A ,”
**B,” “ C” and “ D ,” aggregating $650,000, were made.
Dnring the past year there was expended for m aintenance
of your property, covering roadway and equipment, an
average of $6,980 per mile of road owned. The funds for
this heavy outlay were derived almost wholly from the cur
rent revenue of the Company, and as there is a t present
available from other sources but $1,000,000 annually, for a
limited period, from issues of bonds under the Collateral
Trust Mortgage to provide for such additions to your prop
erty as are absolutely required, attention is again called to
the desirability of securing additional capital to m ake the
necessary improvements to insure the permanent prosperity
of your Company instead of relying exclusively on surplus
earnings.
Opportunity having arisen to acquire ownership of th e
Capital Stocks of the Connell Coal Company and the Seneca
Coal Company, which own valuable coal properties and
leaseholds of coal lands tributary to your railroad, your
Board deemed It wise to make these investm ents, and
authorized the issue of two series of purchase-money bonds,
am ounting to $1,265,000, in partial paym ent therefor, $50,000
of which have since been paid.
The Connell Coal Company has been operated in your in
terest since March 1st last, and the Seneca Coal Company
since June 1st. The results of their operation have shown
a considerable profit, which has been partly applied t o t he
reduction of the cost of the properties, to offset the depve
ciation in their value through the m ining operations.
2J I
THE CHRONICLE
J a n u a r y 25, 1902.J
G E N E R A L
R E M A R K S .
Your Board, at a meeting held J/ecember lHth, 1901
adopted a resolution that the Lehigh Valley Railroad Com
By an agreement made between the Lehigli Valley Rail
road Company, the Reading Company., and the Receivers of pany change its fiscal year so as to hereafter end June
the Philadelphia & Reading Railroad Company, a satisfaot 30th, and that a financial statement embracing the opera
ory settlement of claims growing out of the lease of your tions of the Company for the past fiscal year shall be pub
properties was effected; the consideration being part cash lished annually and distributed to the stockholders as soon
and the balance in stock of the Reading Company, which after June 80 as conveniently can be done. The next report
was held by your Company as collateral; a full release of will therefore cover the seven months ending June 30th,
all claims by either party to the lease being given.
1902. Notice will be given, by publication in the news
The customary examination and verification of the ac papers of the city of Philadelphia, of the date on which the
counts of the Railroad Company and the Coal Company report will be ready for distribution to the stockholders.
On February 20th. 1901, Mr. Wilson S. Jiissell resigned a*
were made by Mr. Stephen Little, and his certificate as to
a member of the Board of Directors, and Mr. H. McK.
their correctness is appended.
The general balance sheets and the usua l statistical tables, Twombly was elected a Director to fill the vacancy.
both of the Railroad Company and the Coal Company, will
At a meeting of the Board of Directors, held July 17th,
1901, article II., section I., of the By-Laws was amended to
also be found in the following pages:
The Inter-State Commerce Commission and the States of provide for the election of a Chairman of the Board, and at
Pennsylvania and New York having fixed the 30th of June the same meeting Mr. Eben B. Thomas was elected to fill
as the day upon which the annual accounts of all railroad that office.
The faithful and efficient service of the officers and em
companies reporting to them are to be closed, a large num
ber of the principal railroad corporations of the country ployes during the year is recognized, and acknowledgment
have changed their fiscal years to meet the requirements of of the same is hereby made.
By order of the Board of Directors,
the national and State authorities, and it is advisable that
ALFRED WALTER, P r e s id e n t.
this company should conform to the practice in this respect.
LEH IGH
VALLEYBKAILROAD
COMPANY.
CONDENSED BALANCE SHEET, NOVEMBER 30, 1901, AND COMPARISON WITH NOVEMBER 80, 1900.
C h a n g es (lu r in g T ea r 1 9 0 1
ASSETS, N O VE M B E R
30, 1901.
DR.
in crea se.
R
a il r o a d
C o s t o f r o a d ..............................................................................................................
u i p m e n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
u ip m e n t T r u s t s E q u i p m e n t T r u s t , S e r i e s “ C ” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
E q u i p m e n t T r u s t , S e r i e s “ D ” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...................
E q u i p m e n t T r u s t , S e r i e s “ E ” ............................................................................
E
E
q
q
R e a l E s t a t e .................................................................................................................................
M o r t g a g e s R e c e i v a b l e ........................................................................................................
S e c u r it ie s O w n e d —
S to c k s o f r a ilr o a d a n d w a t e r lin e s in c lu d e d In L e h ig h V a lle y s y s t e m ..
3 t o o k s o f a l l i e d c o a l c o m n a n i e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ............... . . . . . . . . . . . . . . . . . . . . . . . . . . .
S t o c k s o f o t h e r c o m n a n i e s ...................................................................................... .
B o n d s o f r a ilr o a d a n d w a t e r lin e s In c lu d e d In L e h ig h V a lle y s y s t e m ..
B o n d s o f t h e L e h i g h V a l l e y C o a l C o m p a n y .................... .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B o n d s o f o t h e r c o a l c o m p a n i e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............. .
B o n d s o f o t h e r c o m p a n i e s . . . . . . . . ...................... .. . . . . . . . . . . . . . . . . . . . . . . .. ................. .. .........
C a r T r u s t C e r t i f i c a t e s , L e h i g h V a l l e y T e r m i n a l R a i l w a y ............................
D ecrea se.
$ 1 8 ,6 3 9 ,2 9 1 9 5
1 9 ,0 1 8 ,4 1 9 9 8
$ 1 , 6 0 0 , 0 0 0 00
2 ,7 0 0 ,0 0 0 OO
6 5 6 ,0 0 0 0 0
$ 200,000 00
3 0 0 ,0 0 0 0 0
$ 6 5 6 ,0 0 0 0 0
4 ,9 5 8 ,0 0 0 0 0
1 ,2 2 5 ,2 0 6 4 6
6 5 5 ,2 9 6 8 4
$18
2
7
3
6
,2
,4
,5
,3
,4
9
60
97
53
98
00
44
79
900
,8
,9
,8
,9
,0
,1
6
8
6
2
0
8
6
1
6
6
0
3
2 0 6 ,4 0 0 5 0
2 9 ,1 7 1 9 4
200,000 00
34
29
50
00
00
17
1 ,2 4 0 ,0 6 0 0 0
1 ,0 6 0 ,6 0 7 6 0
000 00
,0 0 0 0 0
4 0 ,0 3 4 ,3 2 3 3 0
O
t h e r
P e rm a n en t In vestm en ts—
A d v a n c e s t o r a ilr o a d a n d w a t e r lin e s in c lu d e d in L e h ig h V a lle y s y s
t e m . f o r p r o p e r t y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ............... .
r r e n t A s s e t s —
C a s h i n h a n d s o f T r e a s u r e r .......... .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ..................... .
C a s h i n h a n d s o f o f f i c e r s a n d a g e n t s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ............... .
D u e b y s t a t i o n a g e n t s .................. . ....................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
D u e b y i n d i v i d u a l s a n d c o m p a n i e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........... .
T r a f f i c b a l a n c e s d u e b y o t h e r c o m p a n i e s .......................................... . ........ . . . . .
B i l l s r e c e i v a b l e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A d v a n c e s t o T b e L e h ig h V a lle y C o a l C o m p a n y fo r w o r k in g c a p it a l...
A d v a n c e s t o o t h e r c o n t r o l l e d c o a l c o m p a n i e s ....................................................
A d v a n c e s t o o t h e r c o m p a n i e s ................ I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
C
u
M a t e r i a l a n d S u p p l ie s
Co n t in g e n t A ssets —
6 ,3 9 0 ,3 3 0 5 2
$ 2 ,4 0 2
137
1 ,4 9 9
1 ,5 3 3
650
,6
,6
,0
,4
,5
2
6
2
5
0
8
1
4
5
8
36
26
31
65
96
5 2 2 ,8 4 7 1 5
8 2 5 ,2
2 3 ,7
1 2 0 ,0
9 2 6 ,2
3
0
8
3
1
1
3
0
4
7
8
6
8
3
1
5
1 9 0 ,1 8 6 4 9
9 ,8 6 2 8 4
1 , 000,000 00
1 ,5 0 0 ,0 0 0 0 0
3 6 6 ,6 8 7 4 5
3 5 8 ,9 0 7 2 1
2 2 0 ,8 8 4 7 2
1 1 7 ,5 3 5 5 8
8 ,4 4 8 ,8 7 3 2 0
1 ,3 1 7 ,5 0 4 7 5
o n h a n d .............................................................................
5 6 ,6 0 0 9 4
P h i l a d e l p h i a a n d R e a d i n g R a i l r o a d C o m p a n y , l e s s e e s — b a l a n c e ............
1 ,5 1 2 ,8 7 2 5 9
T otal
P r o f it
a n d
a s s e t s ..................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
L o s s to B a lan c e ............................................................................................
T o t a l . . . . . . ...................................................................
» —■
'
■■■■
--- -
'
..... . ....
$ 1 0 0 ,6 8 5 ,2 4 7 0 0
1 ,2 5 7 ,2 2 4 2 6
$ 4 ,1 7 3 ,0 1 6 1 6
$ 1 0 1 ,9 4 2 ,4 7 1 2 6
$ 3 ,5 1 9 ,6 5 5 4 8
$ 6 5 3 ,3 6 0 6a
-- ----- - - - - - - - — — - - - - - - - - --- .- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - C h a n ges d u r in g T ea r 1 9 0 1 .
L IA B IL IT IE S , N O V E M B E R
30, 1901.
OR.
C
F
E
N
C
D
In crea se.
a p i t a l S t o c k ................................................................................
................
u n d e d D e b t .................................... .........................
q u i p m e n t T r u s t O b l i g a t i o n s ..........................................
a t io n a l S t o r a g e C o m p a n y T r u s t C e r t if ic a t e s .
......
o a l P r o p e r t y P u r c h a s e B o n d s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
e p r e c ia t io n o f E q u ip m e n t —
E q u i p m e n t r e n e w a l r e s e r v e ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
D e p r e c i a t i o n o f m a r i n e e q u i p m e n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...
M o r t g a g e s o n R e a l E s t a t e .............................................................................................
In t e r e s t a n d R e n t a l s a c c r u e d n o t d u e —
I n t e r e s t o n f u n d e d d e b t ....................................................................................................
I n t e r e s t o n e q u i p m e n t t r u s t s . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A c c r u e d r e n t a l s , l e a s e d l i n e s ....................................................
............
A c c r u e d p r i n c i p a l , e q u i p m e n t t r u s t s ........................................................................
I n t e r e s t o n T h e L e h i g h V a l l e y C o a l C o m p a n y b o n d s ___ _ _ _ _ _ _ _ _ _ _ _ _ _ _
I n t e r e s t o n t r u s t c e r t i f i c a t e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...............
I n t e r e s t o n c o a l p r o p e r t y p u r c h a s e b o n d s ............................................................
C
D
L ia b il it ie s —
s t e r l i n g b o n d d r a w n , n o t p r e s e n t e d ......................
................................
D i v i d e n d s u n c l a i m e d .......... ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
..............................
I n t e r e s t o n b o n d s d u e .......................................................................................................
......................................
I n t e r e s t o n e q u i p m e n t t - u s t s d u e ..........................
R e n t a l s o ? l e a s e d l i n e s d u e ............................................................................................
I n t e r e s t o n c o a l p r o p e r l y p u r c h a s e b o n d s d u e . . . ............................................
N o v e m b e r p a y r o ll, s in c e p a id
............................
..................................
A u d i t e d v o u c h e r s , i n c l u d i n g N o v e m b e r b i l l s , s i n c e p a i d ...... ......... . . .........
D u e t o I n d i v i d u a l s a n d c o m p a n i e s .................. ............... T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T r a f f i c b a l a n c e s d u e t o o t h e r c o m p a n i e s ............................................ . ................
U n c i a i m e d w a g e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * ........
..................................
L e h i g h <fe N e w Y o r k R a i l r o a d C o m p a n y , l e s s o r s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
H t a t e t a x e s a c c r u e d ....................
'
. . ......... .
E m p l o y e s ’ p e n s i o n f u n d ..................................................................................................
$ 4 0 ,4 4 1 ,1 0 0
4 1 ,9 0 0 ,0 0 0
5 .6 5 6 .0 0 0
5 ,0 0 0 ,0 0 0
1 .2 1 5 .0 0 0
00
00
00
00
00
$ 3 ,2 0 0 ,0 0 0 0 0
6,000 00
1 ,2 1 5 .0 0 0 0 0
1 2 7 ,9 8 9 1 8
4 7 6 ,8 2 1 2 9
$ 4 7 6 ,0 4 2 4 1
4 9 4 ,0 1 2 5 8
9 7 0 ,5 5 4 9 9
2 1 4 ,5 2 0 9 0
$13
5
55
39
23
3
7
1
4
3
9
3
5
,9 1 6
,8 8 1
,1 7 0
,3 3 3
,8 7 5
,3 3 3
,5 0 0
66
66
4
3
0
3
0
D ecrea se.
$500 0 0
1 2 ,5 0 0 0 0
3 ,9 6 5 0 0
1
4
0
2
0
6 8 ,3 3 3 3 4
5 ,5 0 0 0 0
1 ,4 1 6 ,0 1 0 3 9
u r r e n t
L i a b il it i eh—
J y C h i g n V a l i e . y T e r m i n a l R a i l w a y C o m p a n y .......................... ...... .......................
~
'
.
. . . . .....................
H n n d r y a c c o u n t s ................................ ”
$ 1,000 00
76 54
78
3
5
1
82
1 ,7 7
65
8
2 ,9
6 ,0
2 ,5
3 ,3
3 ,0
2 ,9
9 ,2
3 ,2
7 ,4
2 2 ,8
4 0 7 ,4
4 0 ,4
6
0
0
0
0
5
6
4
2
0
1
9
6
0
0
0
6
6
6
8
0
0
3
6
75
00
00
00
55
10
16
55
63
2 0 ,0 6 7 2 5
4 ,5 0 0 0 0
1 3 ,3 0 0 CO
4 6 ,8 1 0 5 0
3 9 0 ,9 1 0 4 2
8 6 5 ,0 8 4 3 6
2 1 ,2 6 4 4 3
3 ,4 9 3 0 0
21
3 9 ,9 6 5 9 1
6 3 ,0 7 5 7 6
47
81
1 0 ,0 3 9 6 9
4 ,7 0 2 ,3 7 5 2 3
e f e r r e d
1 6 9 ,9 1 3 0 9
1 3 4 ,8 7 3 2 6
$ 7 6 ,9 0 9 7 5
3 5 0 ,0 0 0 0 0
426 909 75
T
o t a l
L
ia b il it ie s
.......................................................... ..........................................
$ 1 0 1 ,9 4 2 ,4 7 1 2 6
$ 3 .5 1 9 , 6 5 5 4M
THE
l . l J I U i II
V iL L tlY
G E N E R A L
P R O F IT
CHRONICLE.
it .41 L U O A 1) C O M P A N Y .
AN D
L08H
ACCO U N T,
A D J LATJHBKT8 F R O M D E C E M B E R 1 S T , 1 9 0 0 , T O N O V t M B t # 3 Q T H , 1 9 0 1 ,
INCLUSIVE!,
UBEi-UT—
tTiin.ui balance or Income account, year
1 9 0 1 ........................ . ............ .
Premium on bonds sold...... .......................
In teres C uO OOftl R idge Im p ro v e m e n t
$574,612 04
170,000 00
&
Coal Company bonds belonging to pre
vious y e a r s .................. .............
A dju stm en t of taxes, previous y ears . . . . . .
Sundry receipts belonging to previous
years........................................ ............. .
23,070 00
00,838 »6
87,319 81
$915,840 01
D e b it -
Debit balance, November 30th, 1900......$1,910,584 94
Estimated depreciation id securities..........
224,900 00
Open book accounts of previous years,
now considered uncollectible.................
67,579 33
2,203,064 27
Debit balance, November 30th, 1901, as per balance
Sheet...................... ................. ...................................$1,257,224 26
j
[V ol. L X X IV .
shown in th e condensed balance sheet and now am o u n ts
to $577,215 55. This am ount has been paid to th e tru stees
under the m ortgage, for th e purchase aud cancellation of
bonds.
U nder the existing arran g em en ts th e L ehigh V alley Coal
Company is compelled to depend upon th e R ailroad Com
pany for w orking capital to carry on its operations.
The suspension of m ining during th e period of the strike
last year and the sale of th e g re ater portion of coal in stock
enabled th e Coal Company to repay to th e R ailroad Com
pany a large proportion of th e am o u n t advanced by th e
la tte r com pany for th is purpose.
The u n in te rru p te d continuance of operations d u rin g the
fiscal year ju st closed restored norm al conditions, necessi
ta tin g advances by th e R ailroad C om pany of $1,000,000,
w hich am ount is m ore th a n represented by th e increased
tonnage and value of th e coal in stock, as com pared w ith
November 30th last year.
TH E
L EH IG H
VALLEY
COAL
COMPANY.
INCOME ACCOUNT.
1900,
E arnings —
1901.
Coal sales (anthracite)........... ............. $21,276,621 85 $17,883,569 98
X M E I.K H IG M V A L L E Y COAL COM PAN Y.
85,619 26
Coal sales (bituminous)......... .............
101,687 08
The resu lts of th e operation of th e L ehigh V alley Coal j Commissions receivable.............. .
95,631 27
127,864 10
Com pany show a loss of $191,576 65, as com pared w ith $869,- Royalties on coal mined by others
130,841 50
Irom Company’s lands......................
211,615 02
847 44 in the previous fiscal year, a decrease of $378,270 79.
29,165 56
Renta receivable........ . ...............
30,026 99
The average price realized for all sizes of coal was in ex Interest receivable, general account..
21,596 08
29,22997
cess of th a t for th e previous year, though th e percentage of Dividends and interest from invest
43,984 00
m ents.......................
20,534 00
sales of sizes above pea, w hich produce th e largest revenue, Timber
8,866 16
sold from company’ s lands...
12,296 45
decreased from 63*52 per cen t to 60*76 per cen t.
284 99
Miscellaneous....................................
808 64
There was produced d uring 1901, from th e collieries oper
$21,810,588 10 $18,279,558 75
ated by th e Lehigh Valley Coal Com pany and its te n a n ts,
E xpenses —
and from collieries operated by te n a n ts of com panies in Mining
coal and repairs, excluding
w hich th e L ehigh V alley Coal Com pany or th e Lehigh
colliery improvements..................
$6,647,083 17 $4,656,026 21
5,494.004 13
6,937,864 58
Coal
purchased
(anthracite).............
V alley Railroad Com pany is in terested th rough ow nership
69,630 17
purchased (bituminous)..............
90,767 83
of stock, a tonnage ag g reg atin g 6,673,136T 5 tons of all sizes, Coal
6,141,780 67
Transportation of ooal by rail............. 8,186,666 39
an increase of 1,736,972 08 tons as com pared w ith th e figures Transportation of coal by water........
514,361 50
533,179 64
216,879 40
Handling coal at depots......................
198,217 11
fo r 1900.
depreciation of coal stor
The sources from w hich th is tonnage w as derived d u rin g j Estimated
36,860 03
age plants.................
49,964 68
1901 are shew n in th e table below, to g eth er w ith th e ton- ! Selling
and general expenses not
321,999 24
nage derived from the sam e sources d u rin g th e fiscal years
chargeable to cost of mining...........
333,148 25
State and local taxes not chargeable
of 1900 an d 1899, viz.:
55,522 46
1901.
1900.
1899
Lehigh Valley Coal C o ......... 3,758,581 03 2,833,i S6 01 3,046,488 12
Tenants Lehigh Val. Coal Co. 1,477,467 19 1,323,883 18 1,287,547 00
Other tenants......................1,437,087 13
789,144 08
987,768 18
Total tonnage .............. .6,673,136 15 4,946,164 07 5 , 321.804 10
The tonnage for 1901, w ith the exception of 289,704*19 tons,
was tran sp o rte d to m ark e t over th e L ehigh V alley system .
The capacity of th e collieries operated by th e L ehigh V al
ley Coal Company in 1901 averaged ab o u t 19,646 tons per
day, as com pared w ith 18,642 tons d u rin g 1900.
The cost per to n of coal m ined and purchased was $1*9892,
as com pared w ith $1*8462 in th e previous year; an increase
of $0*1480.
The cost of m in ing a t th e collieries operated by th e Lehigh
V alley Coal Com pany includes in ad d itio n to th e reg u lar
m in in g expenses all charges to general expense, royalty,
sin k in g fu n d , in surance, taxes, depreciation and im prove
m e n t ac co u n t.
D u rin g th e y ear 1901 th e re was expended a t th e a n th ra c ite
m ines $872,709 30 for colliery im provem ent w ork, w hich
am o u n t, in ad d itio n to a d epreciation charge of 5 cents per
to n , am o u n tin g to $187,929 04, for reduction of th e old im
p ro vem ent acco u n t, was charged d irectly to cost of m ining.
The sinking fu n d , under the term s of th e m ortgage of
1892, has been increased d uring th e y ear $63,408 90, as
CHOCTAW
OKLAHOMA
&
to cost of mining................ ....... . . . . .
Interest payable, general account___
Miscellaneous.............
53,851 53
5,438 85
4,673 75
3,419 22
8,103 76
Total operating expenses.............. $23,040,855 23 $17,518,586 79
Value of coal added to stock.............. 1,185,050 61
.......... . . .
Value of coal sold from stock........ .
...............
1,101,143 36
Total expenses................................. $21,865,804 62
Deficit from operation..........................
$45,221 52
Interest on Snow Shoe bonds..............
18,545 83
Interestjon Delano Land Co. bon ds...
55,100 00
Colliery im provem ents......................
372,709 30
$18,619,730 15
$340,17140
18,75000
13,800 00
497,126 04
$446,355 13
$529,676 04
Deficit carried to debit of profit and
loss........................
$491,576 65
$869,847 44
GENERAL PROFIT AND LOSS ACCOUNT.
Adjustments from D eo. 1, 1900, to Nov . 30, 1901, I nclusive.
D e b i t __
Debit balance, November 30th, 1900........ $2,264,819 98
Debit balance of income account, year 1901
491,576 65
Open book accounts of previous years,
now considered uncollectible, and sun
dry adjustments.........................................
23,888 90
------------------- $2,780,285 53
Cr e d it —
Sundry receipts belonging to previous years........... ........
15,836 67
Debit balance Nov. 30th, 1901, as per balance sheet..$2,764,448 86
GULF
R A IL R O A D
COMPANY.
ANN UAL REPO RT FOR TH E YEAR ENDING OCTOBER 31, 1901.
T o the S tockh old ers o f th e C h octa w O klahom a & G u lf R a il
roa d C o m p a n y :
The B oard of D irectors su b m it th e follow ing re p o rt of th e
operations of the Company for th e fiscal y ear ending O ct
ober 81st, 1901.
MILEAGE IN OPERATION.
October
Main Line (ownedl
“
(leased).
Side-track mileage (owned)
“
“
(leased)
Total
31,1901.
. 638*3
.
63*8
October
31,1900,
573*9
63*8
702*1
118*0
4*0
637-7
106*6
40
. 824*1
748*3
F or th e first eleven m onths of the fiscal year th e m ain line
m ileage in operation am ounted to 637*7 m iles. On O ctober
1st, 1901, this was increased to 702*1 m iles by th e opening of
th e ex tension to Sayre.
The average m ain line m ileage in operation for th e year
w as 643*84 m iles.
[N o t e .—The mileage given above includes 17*9 miles, the property
of the Western Oklahoma Railroad Company, which, under existing
contracts, wlllsuortly be conveyed to this Company.
As no separation has been made in the Operating Accounts based
npon tbls diverse ownership, the mileage is, for the purpose of the
report, treated as owne f, although not yet actually conveyed to your
Company.]
The R evenue A ccount for th e year, em bodying as w ell for
th e purpose of com parison th e earnings for th e preced in g
fiscal year, is as follows:
GROSS EARNINGS RAILROAD.
1901.
1900.
Inc. or Dec.
Freight..............................$3,356,945 77 $2,027,534 44 J.$l,829,411 3S
P a s s e n g e r , . . . . . . . . . . . 1,120,173 48
565,28183
I. 554,891 65
Mall........ ...........................
48,909 07
42,860 51
I. 6.048 56
Express.............................
37,622 44
30,280 90
I. 7,34154
Telegraph..___________...
7,20309
4,626 83
I. 2,576 26
Miscellaneous..............
40,497 50
24,889 72
J. 15,607 78
Mileage...................
...........
26,545 24
D . 28,545 24
$4,611,351 35 $2,722,019 47 L $ l,889,331 88
OPERATING EXPENSES RAILROAD.
1901.
1900.
In c. or Dec.
Maintenance of way and
structures...................... $794,505 24 -$497,225 48 I. $297,279 7 6
Maintenance of equip
ment................................
322,213 65
203,407 84 L 118.S06 81
Conducting traneportat’ n 1,242,130 25 739,363 8? 1. 502.766 88
General e x p e n s e s ...,..;..
165,142 25 121,862 85
l. 43,2 79 40
$2,523,991 39 $1,561,859 04 L $967,132 35
Ratio of expenses to earn
(54*73)
(57*88)
2*65)
in gs.................................
Net earnings_____
$2,087,359 96 $1,160,160 43 I. $927,199 53
Fixed charges and taxes..
607,418 86
497,834 82 t 109. -84 at
Surplus......................... $1,479,941 10
$662,326 61 I. $81 .615 49
M IN IN G D E P A R T M E N T .
1900.
Inc. or Dec
1901.
Gross earnings................... $655,462 17 $741,485 80 D. $86,023 68
717,778 61
672,907 97
1. 44,870 54
Operating expenses...........
Net earnings............... .
Ratio of expenses to earnslu g s....................................
213
THE CHRONICLE
J anuary 25, 1002.J
>$62,316 34
(103-51)
$68,577 83 D. 130,891 17
(90-75)
(/. 18-76)
R E C A P IT U L A T IO N .
1900.
Inc or Dec
1901.
Surplus earnings,Railroad $1,479,941 10 $662,325 61 I. $817,615 49
68,577 83 D. 130,894 17
Net earnings, M ines..........
*62,316 84
To tal su rp lu s............... .$1,417,624 76
$730,903 44 1. $686,721 32
'D e fic it. '
Aii apportionment per mile of road of the Receipts and of
the Operating Expenses of the Railroad Departm ent for the
past and for the preceding year shows the following results:
The equipment owned at the end df the year and that
owned at the close of the preceding year was as follows:
1901
Locom otives..............................................................................
71
Passenger, baggage, m all, express and oomblnat’n oars.
41
Box oars .................................................................................... 557
Stock oars.......................
262
Goal oars......................................................................................1 493
F la t oars..................................................................................... 268
R efrigerator oars......................................................................
2
Cabooses................................
50
95
M iscellaneous............................................................................
2,834
Equipment acquired
Railroad:
with W h ite
&
1900.
69
41
509
262
1,445
117
----------29
16
2,488
Black River Valley
Locom otives................................................................................................... 4
Passenger, baggage, m all, express and com bination c a rs ...................... 8
Box oars................................................................................................... 47
Stock oars.............
1
F la t oars.............................................................................................................33
Caboose............... ....................— .............................- ................................. . 1
M iscellaneous................................................................................................... 3
97
The cost of the new equipment added during the year,
Per Mile.
Per Mile. viz., $127,574 09, was defrayed to the extent of $120,000 by
Gross receipts...........................
...$ 7 ,1 6 7 83
$4,814 31 the Equipment Renewal Fund of that am ount, represent
Operating expenses................................................ 3,923 26
2,762 39
ing the m onthly charge against earnings of $10,000, and the
Net receipts...............................................................$3,244 57
$2,051 92balance, $7,574 09, was charged against Equipm ent.
Iu addition to that mentioned above, the Compamy had
Distribution of Operating Expenses per mile of road gives
under lease on Car Trust plan at the end of the year thn
the follow ing figures:
following equipment, all of w hich was acquired during year
1900.
1901,
Per Mile.
Per Mile. Lo c o m o tiv e s .. ..........................................................................................
31
1901.
$1,234
9797
M aintenance of w ay and structures.......................
$1,234
8585
M aintenance of equipment....................................... 500500
Conducting transportation................................. 1,929 19
2525
General expenses........................................................ 258258
$3,923 26
1900.
$879
359
1,307
215
42
75
68
54
B o x c a rs...................................................................................................... 900
Coal oars........................
1,000
Furniture oars......................................
125
Passenger, baggage, m ail, express and com bination cars..............
16
$2,762 39
2,072
- O f the above, the followlng^bad not been delivered on Oct
ober 31st, 1901: Locom otives, 5; b o x oars, 31; coal oars, 492.]
R E C A P IT U L A T IO N O F E Q U IP M E N T O W N ED A N D L E A S E D .
The Maintenance of W a y expenses for the year include
the sum of $159,014 83, representing additions to or better
m ents of the property of the follow ing character:
B a lla stin g .........................................................- ............................
New sidings and spurs............ ...................................................
Replacem ent of old ra il w ith heavier ra il...............................
W idening and raisin g embankm ents............... .......................
New stations and other b u ild in g s.............................................
Replacem ent of wooden bridges...............................................
Fen cin g righ t of w ay....................................................................
New telegraph lin e.......................................................................
M iscellaneous......................................................... .....................
$6,003 20
33,742 39
42,297 17
3,308 01
8,842 88
38,265 37
16,687 91
3,053 35
7,314 55
[ No t e .
Owned.
Locomotives...............................................
Passenger, baggage, mail, express and com41
bination cars................ . .......................... ........
Box ears.....................................................
........ 262
8tock oars............................................
Coal oars...................................... .............. ........1,493
Flat oars..................... ......................... ......
2
Refrigerator oars.................................... .. ........
50
Cabooses...................................................... .. . . . .
Furniture oars............................................
$159,514 83 Miscellaneous............................................. ......
95
During the year there was expended and charged to C on
struction or Capital A ccou nt, upon the line between
Memphis and L ittle Rock, the sum of $361,735 64; upon the
line between Little Rock and the Indian Territory, the sum
of $51,193 30, and upon the Old Line, W e st of the ArkansasIndian Territory Line, $44,176 44. The details of these con
struction accounts are given in the statem ent subjoined:
Memphis Arkansas
Division. Extension. Old Line.
2,834
Leased.
Total,
24
947
1
1,000
33
1
125
3
65
1,504
263
2,493
296
2
51
125
98
2,169
5,003
35
._
106
The Car Trust obligations issued for the equipment thus
leased amount to $1,250,000 (of which $50,000 m atured and
was paid on October 1st, 1901), and the cash payments made
thereunder, and charged to Capital A ccount, to $469,000.
During the year 72 cars, having a total loading capacity
of 1,270 tons, were destroyed, and were replaced by new
cars having a loading capacity of 1,515 tons. The cost of
E n g in e e rin g....................................... $3,845 75 $1,712 52 $2,844 62 replacing these cars was charged to Expense of M ainten
R igh t of way and station grounds
7,500 00
4,326 77
2,589 36 ance of Equipment.
637 62
G r a d in g ............................................. 157,345 77
A s the Equipm ent Renew al Fund m aintained by your
350 00 Company is designed to cover the depreciation in the equips
R ea l estate....... .................................
............
3,566 33
B rid ge s, trestles and c u lv e r ts __
559 87
m ent that is constantly occurring, notw ithstanding the
67 23
T ie s ............................
27 10
89 00
R a ils .................................................... 124,889 44
fact that all equipment worn out or destroyed is replaced
97 65
F ro gs and sw itches.........................
............
and the cost charged to Expenses, your Board has, in view
B a lla s t ............................................... 39,675 28 32,876 67
of the increase of equipment (which now stands on the
858 50
T ra ck -la y in g and su rfa cin g..........
............
books at $2,956,366 53) increased the m onthly charge against
1,056 15
Fenoing righ t of w a y ....................
23,449 50
*100 00
Crossings, cattle guards and signs
............
earnings on account of this fund to $15,000, or $180,000 per
412 80 year, about 6 per cent upon the book value of the equipment.
Telegraph lin e s........................ .. .
............
3,475 12
Station buildings and fixtu re s—
3,262 45
251 14
Y ou r property, due to continued expenditures upon it
1,062 83
New w ater stations........................
............
2,996 27
M iscellaneous structures...............
8 75
1,320 44
under the plan initiated during previous years, is steadily
3,190 44
132 33 improving. The re-laying of the heavier rail on the Memphis
Le ga l expenses..................................
1,080 65
185 01
General expenses.............................
91 08
31,375 84 Division and the W h ite & Black River V alley Railroad
Additions to shops..........................
............
was continued and completed during the year. The work
$361,735 64 $51,193 30 $44,176 34 of ballasting was also continued, and 177 miles were bal
lasted either with rock, gravel or burnt clay. A ll wooden
* Credit.
trestles and bridges which required replacem ent were filled
R E C A P IT U L A T IO N .
in where a continuance of the openings was not deemed
requisite or were replaced by permanent structures where
M a i n L i n e — Memphis to W eatherford.
Memphis D iv is io n ..........................
$361,735 64 filling in was not possible. Two of the larger structures
A rk a n sa s E x te n sio n ........................................................................ 51,193 30thus dealt w ith involved an outlay of $25,000.
Old L in e ........................................................................................... 4 4 ,1 7 6 34
The expenditures for account of the Coal or M ining De
$457,105 28 partment of the Company were also considerable. The
amount expended during the year in connection w ith the
The work of rebuilding the Memphis Division (which acquisition or opening of new mines, outside of the am ounts
comprises the old Little Rock & Memphis Road) was com absorbed in Operating Expenses, was $146,747 09. O f this
pleted during the year, and the same is now up to your amount $56,740 75 was charged to Capital A ccou n t and the
Com pany’s standard. The construction accounts upon this balance against Earnings.
division have been accordingly closed. This is the case also
Your Company, at the close of the year, had in operation
as to the Arkansas Division, the construct;on accounts ®n mines with an aggregate yearly capacity of about 1,125,000
which were held open pending the completion of such work tons.
thereon of this character as remained unfinished at the time
These mines are still being worked by the Me Alester Coal
the operation of the division was begun. Considerable Company as general contractor, but during the year the
ballasting is still to be done on both these divisions, but the terms of the agreement under which this is being done were
expense of this will be included in operating expenses, as by mutual consent modified, so that the price payable to
has been done in the case of the balance of the line.
that company for coal mined and delivered by it is now de
Out of the surplus earnings of the year, tw o semi-annual terminable to a large extent by the actual cost of m ining.
dividends of 2% per cent each on the preferred stock and The agreement originally provided that the am ount payable
two semi-annual dividends, one of 2 per cent and the other should be a fixed sum per ton, which should be settled, if
of
per cent, on the com m on stock, were paid. In addi necessary, by arbitration, at the beginning of each year,
tion to these cash dividends, a stock dividend of 10 per cent and should be determined with reference to the cost of
on the common stock was paid, this stock dividend repre m ining then prevailing. The method was found to be un
senting earnings of the company of the past and preceding satisfactory to both com pan ies,"an d the change indicated
was accordingly made.
years which had been applied to Capital Account.
214
THE
C H R O N IC L E .
The unsatisfactory outcome of the year's operations of the
coal departm ent is to some extent due to the conditions
affecting the m ining industry in the Indian Territory gener
ally during the past year, but to a considerable extent also
to the very great shortage of coal oars, which has naturally
curtailed the s hip1neats and consequently increased the cost
per ton of the m ining operations.
This shortage of oars has been so universal throug hout the
country and has so seriously affected the business and earn
ings of all railroads th at it is hoped and believed th at, as a
result of the present conditions, some methods may be de
vised by which a better movement of freight cars may be
ensured for the future.
The coal equipm ent of your Company, if prompt move
m ent of the cars on our connecting lines had been accorded
to them , could have handled at least 30 per cent more coal,
and this increased amount could have been readily mined
and m arketed had the cars been available in which to
ship it.
The output of the mines belonging to your Company was
448,497 tons, as compared with 494,620 tons for the preced
ing year, a decrease of 46,123 tons. The shipments from the
other mines located on your road amounted to 712,151 tons,
an increase over the preceding year of 298,077 tons. These
outside operations now have an annual capacity of about
2,000,000 tons, and under contracts existing with all of
them the shipm ent of their output is secured to your Corn
pany.
During the year the work on the lines which the W estern
Oklahoma RR. Company is constructing, and which, by the
term s of the agreem ent with th at Company, will be acquired
upon completion of your company, steadily progressed. One
of these lines, th a t between Elk City and the Texas-Oklahoma boundary line, was completed during the year, and it
is expected th a t the other line, th a t between Hartshorne
and Ardmore, will be completed during the coming Spring.
Your Board has no reason to doubt th a t the good results an
ticipated from the construction of these lines will be realized.
During the year work was commenced and is now rapidly
progressing upon a road which will extend from a connec
tion with the W estern Oklahoma Railroad Company’s line
a t the Texas-Oklahoma boundary line to Amarillo in Texas,
a t which latter point it will connect w ith the F ort W orth
& Denver City Railroad and the Pecos Valley Railroad.
The completion of this road, 112 miles long, will give your
Company a more direct connection for Colorado than it has
heretofore enjoyed, and will, it is believed, m aterially in
crease your Company’s earnings.
Your Company has agreed to advance to the Choctaw
Oklahoma & Texas Railroad Company, the Company en
gaged in constructing the line last named, the am ount
necessary for the construction of its road, for which it will
receive all the securities of th a t Company. The amounts
already advanced are embraced in the item of bills receiv
able, which will be found in the balance sheet of your Com
pany. This line, it is expected, will be completed during
the coming Spring. The am ount of these advances and the
sum to be paid for the lines of the W estern Oklahoma Rail
road Co. will in each case be the actual cost of construction.
Your Company, during the year, commenced the construc
tion, under its branching powers, of an extension of the
Tecumseh Branch to the South Canadian River, a distance
of about 22 miles. This branch will develop a territory lack
ing in railroad facilities but very rich in agricultural possi
bilities, and it is believed th at the line when completed will
be a valuable feeder to your Company,
To enable your Company to construct this branch and to
make the advances to the Choctaw Oklahoma & Texas Rail
road Company above alluded to, an issue of $2,000,000 com
mon stock was made during the year and was allotted to
the stockholders of the Company a t the issue price, viz., par,
or $50 per share.
A lease by your Company of a portion—23 m iles—of the
line of the L ittle Rock & H ot Springs W estern Railroad
Company was closed during the year, and an extension by
the Hot Springs Railroad Company of its line to a connec
tion w ith the line thus leased is now under construction
and will probably be completed w ithin the next sixty days.
The connection th a t will thus be secured to your Company
for the Hot Springs business when this extension is com
pleted, will, it is believed, be a satisfactory one, and of a
more perm anent character than th a t which was afforded by
the traffic arrangem ent heretofore existing w ith the L ittle
Rock & Hot Springs Western Railroad Company. Your
Company has agreed to advance to the Hot Springs Railroad
Company the sum necessary to construct this extension of
its line of about eighteen miles, and is secured for such ad
vances by the pledge of all the securities of the Hot Springs
Railroad Company, under an arrangem ent by which it has
|V ol. LXXXV.
also the right to take over these securities upon satisfactory
terms, if it should elect to do so,
During the year the Choctaw Northern Railroad, which
connects with your line at Geary, Oklahoma Territory, and
extends north through Oklahoma and into Southern Kansas
for a distance of about one hundred and thirty-eight miles,
was completed.
This company is not controlled by your Company, b u t a
close traffic agreem ent exists between them , and the in ter
change of business between the two lines which has followed
the construction of this road has been very satisfactory.
An outlet to a section of Oklahoma not heretofore available
is afforded your Company for its coal and lumber, and it is
enabled through its connection to handle a large volume of
agricultural products originating in a section tributary to
this road.
The growth and handling of the Company’s business lias
been, during the year, very satisfactory.
The gross earnings from traffic increased from $2,722,019 47 to $4,611,351 35, this being an average per mile of
road operated for the past year of $7,167 83, as against
$4,814 81 for the preceding year.
The business was handled at a lower ratio of expenses to
earnings than during the preceding year—54*73 per cent, as
compared with 57*38, being the ratio for the two years re
spectively, notw ithstanding the fact th a t the average re
ceipts per ton per mile decreased from *01323 to '01103.
The average num ber of tons of freight in train was in
creased from 198*5 to 268'1, and the average num ber of tons
of freight in each loaded car from 14*4 to 17'3.
That the expenditures for m aintenance of vvay were well
kept up is evident from the fact th at operating expenses per
mile of road on this account, am ounted to $1,234 97, an in
crease per mile of about 40 per cent over those of the pre
ceding year.
For the good results thus shown, the Traffic and Gperafc
ing Departments of your Company are entitled to great
credit.
Appended hereto will be found :—
“ A ”—Balance Sheet.
“ B ”—Profit and Loss Account.
“ C ’’—Analysis of resources and their application,
“ D ”—Statem ent of Capitalization.
“ E ”—Classification of Freight Traffic.
Referring to the Balance Sheet of the Company, the item
Bills Receivable embraced in the Assets am ounting to $550,310 76, is made up mainly of advances to the Choctaw
Oklahoma & Texas Railroad Company and to the Hot Springs
Railroad Company, which have been already referred to.
In the Liabilities shown by the General Balance Sheet as
“ Car Trust Obligations” $411,092 represents that am ount of
Car Trust certificates issuable upon the receipt of the equip
m ent which had not been delivered a t the close of the
year.
The balance to Profit and Loss Account on October 31st,
1901, shows a decrease of $154,629 52 from the preceding
year. This is accounted for by the stock dividend of $800,000 paid on October 31st last.
The item of $54,374 86, “ Amount realized from Land
Sales,” embraced in the Profit and Loss account, represents
the proceeds of lands sold during the year, the greater part
of which had been acquired as part of the property of the
Choctaw & Memphis Railroad Company, These lands were
not necessary to the operation of your Road, the greater
portion having been coal lands in Arkansas which had been
originally acquired by the Choctaw & Memphis Railroad
Company with the view of subsequent sales to operators
who would develop the same, and thus furnish a coal ton
nage to the Company, and the sales made have accom
plished this object. The balance of the lands sold were
lands which formed part of those embraced in the town
sites along the line of the company.
It is a pleasure to the Board to again record its acknowl
edgment of the efficient and loyal service rendered by all
the officers and employes of the Company, The very
large increase of business over the preceding year put to a
rather severe test the ability of your Company to handle it,
and required the most untiring and close attention on the
part of all the officers and employes.
During the year the office of Second Vice-President was
created, and Mr, Jam es F, Holden, the Traffic Manager of
the Company, was elected to fill the position.
On October 1st, 1901, Mr. Sidney J. Ha yd on, the Auditor
of the Company, resigned to accept the position of Treasurer
and Auditor of the Choctaw Oklahoma & Texas Railroad
Co.; the vacancy thus created was filled by the appointm ent
of Mr. George H. Moore.
By order of the Board,
FRANCIS I. GOWEN, President.
PROFIT AND LOSS ACCOUNT.
Amount to credit of Profit and Loss October 31st, 1900. $550,853 76
Surplus from operations for the year....... $1,417,624 76
Interest on General Account....................
11,396 23
Premiums on bonds sold.................... ......
20,490 <0
Amount realized from land sales .. . . . . . . .
54,374 86
Miscellaneous............................... .............
13,96173
From which d e d u c t—
Uncollectible accounts written oil.........
Additions to equipment.........................
Additions and betterments. Mines........
Dividends on common aud pref. stock...
Stock dividend on common stock....... .
Miscellaneous.................... ....................
■—-------- 1,517,837 58
$2,068,691 84
Balance October 31st, 1601...............
*16,910 76
120,000 00
90,006 34
620,000 00
300,000 00
25,550 00
------ ------------1,672.487 10
$396, .*2 i 24
THE CHRONICLE
J a n u a r y 25, 1902.]
215
A N A L Y SIS OF RESOURCES.
A n d T m tia A i t u o a t i o n
Resources From balance of oash on hand November le t, 1900..........
Treasurer........... ........................................$ 2 95,003 99
Local treasurer........................................
28,4 0 2 87
“
“
“
“
“
“
“
“
iron
t iib
$3 2 3 ,1 0 6
F isoai . Y ioab E n d in g O c to bk u 31 bt, 1001.
86
increase In oapltal stook.................................................. 2 ,8 0 0 ,0 0 0 00
56,000 shares ooimnon stook at $ 5 0 per share.
Inorease In funded debt........................ .
.....................
5 11,172 23
General Mortgage bonds.......................$5 1 2 ,0 0 0 OO
Less Income bonds sorlp.......................
827 77
increase In oar trust obligations .................................. 1,201,024 00
“
audited vouohers and pay rolls................
108,026 24
“
Interest on bonds due and aoorued........
17,413 01
“
bills payable.....................................................
758 87
“
other current liabilities...............................
2 0 ,5 1 1 6 9
“
reserve funds...................................................
21,435 38
decrease in deferred assets.............................................
109 17
Application—
To increase In franchises and property..................................
“
“
construction of road.........................................
“
“
shops and new machinery and tools..........
“
“
e q u ip m e n t—
& G U L F R A IL R O A D
31,375 84
Charged during the year___ $1 2 7 ,5 7 4 09
Less Equipment Renewal
Fund............................................... 120,000 00
7 ,5 7 4
“
“
equipment leased............................................... 1 ,719,002
“
“
material and supplies on hand.....................
54,007
“
“
bills receivable.....................................................
48 9 ,9 1 9
“
“
ourrent assets........................................................
117,456
“ decrease in profit and loss........................ .............................
154,629
Leaving cash on deposit and in hands of
Treasurer....................................................................$ 1 ,2 3 5 ,6 4 7 84
Cash ou deposit and in hands of Local
Treasurer...................................................................
53,667 42
1 ,2 8 9 ,3 1 5
$5,00 3 ,8 5 6 95
CH OCTAW O K LA H O M A
*3 8 ,4 9 5 72
1 ,102,021 22
09
52
25
34
19
52
26
$ 5 ,0 0 3 ,8 5 6 95
C O M P A N Y -G E N E R A L
B A LA N C E
SH EE T,
OCTOBER 318T, 1901.
L IAB ILITIE S.
ASSETS.
Franchises and property....................................................................$ 2 1 ,0 0 6 ,4 9 6 54 Common stock.................................................................................. $ 8 ,8 0 0 ,0 0 0 0 0
6 ,0 0 0 ,0 0 0 00
Stocks owned..............................................................................
2,975 72 Preferred stock................................................................................
5 ,5 0 0 ,0 0 0 0 0
Equipment owned................................................................................
1,237,304 01 General mortgage bonds..............
First
mortgage
Choctaw
&
Memphis
bonds........................
3
,5 2 5 ,0 0 0 00
1 ,7 1 9 ,0 6 2 52
Equipment leased................................................................................
8 7 5 ,0 0 0 00
Material and supplies on hand........................................................
174,263 21 Little Rook Bridge bon d s............................................
200 ,0 0 0 0 0
Due from from station agents and conductors.......................
154,648 03 Car Trust bonds, Series “ A ” .....................................
58 8 ,9 0 8 00
United States Post Office Department......................... .........
4,122 08 Car Trust bonds, Series “ B ” .......... ..........................................
412 ,1 1 6 0 0
2,444 67 Car Trust obligations....................................................................
Wells-Farao Company’s [Express..................................
4 27,175 26
Accounts receivable.......................................
4 48,974 14 Audited vouchers............................................................................
1 71,190 36
Traffic balances due from other companies.....................
27,692 08 Pay-rolls..................
8,0 1 1 87
Bills reoeivable........... ............................................
550,310 76 Interest on bonds matured and uncollected.......................
1
6 6 ,1 11 34
Interest
on
bonds
accrued
(not
d
u
e
).....................................
Deferred town-site collections.........................................................
7 ,0 6 6 12
2 6 ,4 5 4 51
Prepaid insurance.
.................................................................
8,102 69 Taxes accrued (not due)...............................................................
1 9 ,4 8 4 98
Paid claims unadjusted.......................................................................
15,349 73Due to individuals and companies..........................................
8,333 33
Term inal rents prepaid.......................................................................
208 30 Rental of leased lines accrued (not d u e )..............................
2 5 ,3 2 0 9 7
C a s h .. ..........................................................
1,289 ,3 1 5 26 Reserve funds........................................
Balance to credit of Profit and Loss.......................................
39 6 ,2 2 4 24
Total...................................................................., ....................... $ 2 6 ,6 4 8 ,3 3 0
86
New York Transportation Co.—Assessment.— 'The Elec
tric Vehicle Co. is said to have paid on Wednesday the bal
ance of the $700,000 due by it on acconnt of the recent 10 per
cent assessment on the stock of the Transportation Company,
of which it holds $7,000,000. [The Vehicle Company’s Hold
ings in this and other corporations was shown in V. 69. p,
850, under “ sources of income.”] Most of the stockholders
are understood to have paid the assessment.—V. 74. p. 99.
Panama Canal Co.— Favorable Report by Commission .—
President Roosevelt on Jan. 20 transmitted to Congress the
supplemental report of the Isthmian Canal Commission unani
mously approving the proposition to purchase the property
o f the Panama Canal Co. for $10,000,000. The total value of
this property was found by the Commission to be as follows:
Excavating done, $27,474,033; Panama Railroad stock at par, $ 6,8 8 6 ,3 0 0 ; maps, drawings and records, $ 2 ,000,000; total, $36,360,333;
to which add 10 per cent to cover commissions, $3,6 3 9 ,6 6 7 ; total,
$ 4 0 ,000,000. The last item being intended, it is stated, to cover any
buildings, machinery, railroad shares, additional excavating to date
-of purchase and other assets which may be of value to the United
States and have not been included in other items
Total.............................................................................................$ 2 6 ,6 4 8 ,3 3 0
86
The capital stock is $100,000. There is an authorized Issue of $ 3 5 0 ,000 gold 5 per cent bonds, dated -Tan 1, 1902, due Jan. 1, 1927. Of
these bonds there are reserved for future extensions and improve
ments $200,000. and there are issued $ 1 5 0 ,0 0 0 . Of this $ 1 5 0 ,0 0 0
$60 ,0 0 0 has been delivered to the trustee under the mortgage, the
Michigan Trust Co., of Grand Rapids, to he held by it for the purpose
of retiring an equal amount of underlying 5 per oent bonds, due Nov.
1 ,1 9 2 9 , and redeemable after Nov. 1, 1909. The net earnings of the
old company for 1901 were $ 1 2 ,0 0 0 . There will be required for in
terest on the $1 5 0 ,0 0 0 bonds outstanding $ 7 ,5 0 0 , leaving a net profit
of $ 4 ,500, or 4 ^ per cent on the stook. The company has $ 1 5 ,0 0 0
cash in the treasury for immediate expenses. See also V. 74, p. 100.
Pressed Steel Car Co.— New Directors .—At the annual
meeting on Wednesday three new directors were elected, viz. .*
Henry Phipps, G, E, Macklin and P. Gf. Ely, all interested in
the Carnegie Co. (United States Steel Corporation) Besides
these J. H. Reed (a director of the United States Steel Cor
poration), T. H. Given and H. E. Moller were elected
directors recently. The Schoen interests are now entirely out
of the property. (See Standard Steel Car Co. Y. 74, p. 100.)
The annual report is given on page 203.—V . 74, p. 156, 52.
Pullman Company.— Orders in 1901,—The orders received
See report under “ Nicaragua Canal” in V. 73, p. 1268; also in 1901 are reported as aggregating 626 passenger cars and
aee V. 74, p. 99,
10,945 freight cars. Of the passenger cars, 292 were coaches,
112 chair cars, 49 dining cars and 32 parlor cars. Of the
Philadelphia Electric Co.—Status .—A circular letter freight cars 9,033 were box, 1,133 coal, 379 gondolas, 200
signed by President McCall says in substance :
stock, 100 flat and 100 furniture.—Y. 74, p. 100.
The call for additional capital, authorized Jan. 1 5 ,1 9 0 2 , is made
principally because of the largely increasing demands for light and
power (the increase in the past two years being about 33 ^ per cent),
the present business almost equaling the oapaclty of the stations. The
revenue has increased in like proportion.
A large tract of ground was purchased last summer at Christian
Street W harf, Schuylkill River, oontalning 723 acres, with a wharfage
front and adequate railroad facilities. Upon the property there will
be erected a new station, in which all of the principal generating ap
paratus needed to meet the future requirements of the business will
be installed. The apparatus will be of the latest and most approved
type, and will permit of the most economical operation. Since Octo
ber, 1899, large sums of money have been expended in increasing the
capacity of the several plants and in extensions and improvements,
and they are now in first class physical condition.
After paying ail the costs of operation, maintenance, etc., incident
to the business, and all the fixed charges, the net earnings of the con
trolled companies for the year ending Dec. 31, 1901, amount to $304,160. This amount will be somewhat increased by miscellaneous re
ceipts.
The “ Philadelphia News Bureau” quotes a prominent di
rector as saying:
Schuylkill Talley Illuminating Co.—See Phoenix Gas &
Electric Co. above.
SImpson-Crawford Co.—Mortgages ,—The company having
acquired the property Nos. 223 and 225 West 19th St., this
city, from William Crawford, subject to a mortgage of
$1,000,000, has made, subject to the prior mortgage, a new
mortgage to the Colonial Trust Co. as tiustee, to secure
$2,500,000 of 6 per cent bonds, due Dec. 31, 1924.—V 74, p.
156.
Standard Light <&Power Co., Valias, Tox .— Receiver.—
Judge Edward R. Meek, of the United States District Court
for the Northern District of Texas, on Jan. 11 appointed
Granville P. Meade of Fort Worth receiver for this company
on application of the General Electric Co.
Syracuse (N. Y.) Lighting Co.— Bonds Offered.—Red
mond, Kerr & Co., having sold a large proportion of the
present issue of $2,000,000 first mortgage 5 per cent gold
bonds dated J u d o 1, 1901, and due June 1, 1951 (issue limited
to $2,500,000), offer for sale the unsold bonds at 102% and in
terest. The Syracuse Lighting Co. was formed in June, 1901,
by the merger of previously existing companies owning all
the electric-light plants and subways in the city of Syracuse.
The company has since acquired a controlling interest in the
stock of the only gas company operating in Syracuse, there
by obtaining control of the entire electric light and power and
There ore $13,050,000 of i per cent trust certificates of 1899 gas business of the city. The President says:
held by the public; the $2,000,000 addititional referred to
The franchises are not only perpetual, but owing to the fact that,
above are held in the treasury uncanceled.—V. 74, p. 150.
under the present laws governing Syracuse and other cities of the seoPontiac (Mich.) Light Co.—Status.— King, Hodenpyl & ond class in this State, franchises oau only be granted for fifty years,
and, in the event of the olty granting such a franchise. It must be put
Co. of this city, in reply to an inquiry from us, say:
up at auotlon for sale to the highest bidder, the probability of oompe-
About a year ago we bought in $ 2 ,0 0 0 ,0 0 0 of our 4 per cent
bonds with the idea of lessening our fixed charges. A number of
these bonds have been serving as collateral in the purchase of the
Kensington Electric Co. The assessment just determined upon will,
among other things, release those bonds to the company’s possession.
The money used by us in this transaction"was the bulk of the second
assessment on our stock, amounting to $ 2 ,500,000. The National
Electric Co., when acquired, did not turn out to he in as good con
dition financially as we had supposed. W e, however, have worked
that property up, and Its affairs to-day are satisfactory. We have
acquired an exclusive electrical business in Philadelphia, and beyond
fixed charges we are earning $ 3 00,000 a year.
216
THE
C H K O N LCLE
[V ol , LXXIV,
citurn ia pr otiiially «llu.iinated. The issue of first mortgage bonds is
limited to $4,300,000* ol wliinli $*1,000,00 1 liave been eoltt to RfttlP te
© n r a m T r a a l
’J a i m e s .
oiomi, Kntr & Lio , j-ud the remainder e&u be Issued only to provide tor
future 6.£tmisioua and iiuproveineute under rigid ie*trlotlons of the
uiorigaao. The bonds ere secured by an absolutely first mortgage on
the anil re property, oonsiatlng of a well r <|mppeil eleetiio lighting and
C O M M E R C I A L
E P I T O M E .
power plant, including real estate, etc , an extensive eystem of sub
ways In the heart of the elty; also bya first Uen on the stools: of the gas
F r id a y N ig h t , Jan. 24, 1902.
oouioany and all other property hereafter acquired,
Earnings for six months of present fiscal year have been: Gross
The condition of business in the iron and steel markets has
earnings, $ I e7„0.38; increase o v e r 1000, #1-1,905; net income, #93,834;
increase, $10,788; Interest charge, $50,000; surplus, #3.1,8.3. The been highly satisfactory. It is understood that steel mills
total authorized capital stocks consist of $1,000,000 preferred stock are well sold ahead on rails and that the contracts now being
(on which dividends at the rate of 5 percent per annum are being paid
out of net earnings) and $3,000,000 common stock.
placed for pig iron are confined to deliveries during the last
The earnings for the three years, 1898-1900, w ith other
data were given in the Chronicle of Jane 8, 1901, page 1140
See also advertisement on another page,-—V. 73, p. 1268.
United E lectric Securities Co, —Called B onds ,—Bonds of
the following issues to the amounts named have been called
for payment at 1(J3 and accrued interest at the office of the
American Loan & Trust Co,, Boston, on Feb. 1,1908, viz.:
Bixlh series, $1,000 (No. 15-101); seven' h'sertes, $82,000; tenth series,
$: ,l!0o (No. I duo, eleventh series, $66,000; twelfth series, $22,000;
thirteenth aeries, $2,000 (Nos. L 31 and L 60).—V. 73, p. 86.
United States Cotton Duck C orporation .—Paym ent o f
In terest D eferred . —The directors on Jan. 20 voted to defer
action on the declaration of interest on the income bonds of
the Mount Yernon-Woodberry Cotton Duck Co. “ until all
reports have been received from agents and others showing
the state of the company’s business for the last calendar year.”
It usually rt quires about 5 weeks to receive all the necessary
reports to determine a year’s profits.—Y, 73, p. 1318.
United States Steel C orporation .— Alliance W ith Steel
C ar Co.—See Pressed Steel Car Co. above.—V. 74, p. 101.
W altham Gas Eight Co.—Circular ,—An official circula
advises the stockholders not to accept the recent offer of
$120 a share for their holdings.
W aterford-Cohoes (N. Y.) Telephone Co.—M ortgage ,—
The company has filed at Saratoga a mortgage in favor of the
Knickerbocker Trust Co, to secure $150,000 of 6 per cent gold
bonds, due Jan, 1, 1927; denominations $500 and $1,000.
—The Hand-Book of Railroad Securities, complied by the
publishers of the F inancial Chronicle , is now ready.
The book oontains in small compass a vast amount of
information concerning the various railroads and a nurnbe r
of the industrials whose securities are dealt in on the leading
Stock Exchanges. It shows their earnings, dividends, etc,,
for a series of years, their present fixed charges, and also the
amounts of the different issues of bonds outstanding, their
rates of interest, etc. There is also given the monthly range
of stocks and bonds for 1900 and 1901 and a yearly range for
the past four years. Price one dollar, or to C hronicle sub
scribers, seventy-five cents.
—The Liverpool & London & Globe Insurance Company, a
stock company of unlimited liability, publishes the fiftyfourth annual statem ent of its United States branch for the
year ending Dec. 31, 1901. It shows among the assets real
estate valued at $1,865,833; United States 4 per cent bonds,
$1,725,913; State, city and railroad bonds, $1,597,433; bond
and mortgage loans, $3,009,050, and bank balances and all
other assets, $2,118,162, making a total of $10,316,391, an in
crease of $511,489 over the previous year. Premium reserve
and reserve for all claims aggregate $5,716,275, leaving a sur
plus of $4,600,117. Henry W. Eaton is the resident manager
at New York.
—At the annual meeting of the Mutual Benefit Life In
surance Co of Newark on Monday, President Amzi Dodd
annonneed his intention to retire from the presidency of the
company. Mr. Dodd has been in the service of the company
thirty-nm e years, and desired th at the duties of the execu
tive should now be committed to younger hands. Mr. F red
erick Frelinghuysen was chosen as President, Mr. Dodd will
continue as a member of the board and as general counsel.
Vice-President J. B. Pearson also declined a re-election on
account of impaired health and Bloomfield J , Miller was
elected as Vice-President,
—Another of the series of quotation lists in course of
preparation by A. A. Lisman, 25* Broad Street, will be ready
for distribution in a few days. This list will cover gas and
electric light and power bonds, and will contain besides quo
tations details of over four hundred issues of this class of
securities.
—Bei)j. R, Cahn, the Chicago stock-broker, will on March
1st move into elegant new quarters on the second floor of the
Chicago Stock Exchange building, front, comer of La Salle
and Washington streets. These new offices constitute about
half the space lately occupied by the Chicago Title & Trust
Co.
—Attention is called to the offering by Jaoob Rubino, 3
Broad St., of 1,400 shares Twin City Rapid Transit 7 per
cent cumulative preferred stock. The preferred stock has
prior right over the common on the assets of the company in
case of liquidation.
—Spencer Trask & Co. offer in an advertisement on page
ix an issue of Milwaukee Electric Railway & Light Com
pany preferred stock at a price to yield nearly five per cent.
A special circular regarding this issue will be mailed on re
quest.
—A. A. Lisman, 25 Broad Street, deals in old and new se
curities, scrips and odd lots of Washington Traction.
six months of th ejeu m nt year. In many other lines of trade
business has been only fair. Reports from dry-goods circles
have Indicated something of a hesitating policy, particularly
in cotton goods, awaiting developments in the raw cotton
market. Prices for grains have continued to show a re
actionary tendency and hog products have declined under
increasing receipts of swine. The decline in coffee prices has
not been checked, dull trade and excessive supplies being the
depressing factors. The hoot and shoe trade has been good,
but a declining tendency to prices for hides has had a ten
dency to check to some extent the demand from manufac
turers for leather. Sugar refiners, who have kept cut of the
sugar market awaiting action at Washington relative to the
reciprocity treaty with Cuba, have been forced to purchase
supplies to replenish decreasing stocks, and prices have ad
vanced.
Lard on the spot has been easier, The receipts of hogs
have been running fairly large and they have shown some
improvement in quality. The demand for lard has contin
ued limited, buyers still holding off, and prices have weak
ened to 9'85c.for prime Western and 915@ 9 40c. for prime City.
Refined lard has declined, but at the lower prices a fair ex
port business has been transacted. The close was at 9 95c. for
refined for the Continent. Speculation in the market for
contracts has been moderately active. Larger receipts of
hogs have resulted in increased pressure to sell on the part
of outside longs and prices have declined. The close was
steadier.
DAILY CLOSING FEICliSS OF LAUD FUTURES.
January............................
Sat.
9-95
Mon. Tues.
9’82
9-80
Wed. Thurs.
9'77
9-70
Fri„
980
Only a jobbing business has been transacted in the local
m arket for pork; prices have been easier, closing at $16 25@
$17 for mess; $17 50 for family, and $18@$20 for short clear.
Cut meats have been easier for pickled bellies, with moderate
sales at lower pi ices, closing at 7e. for pickled shoulders,
9
for pickled hams and 8%@9 o. for pickled bellies,
14@10 lbs. average. Beef has had a moderate sale at steady
prices, closing at $8 50@9 00 for mess, $10 50@11 for packet,
§12@13 for family and $18 50@19 for extra India mess in tcs.
Tallow has held steady at 6j^c. Stearines have been quiet
and easier, weakening to 10>£@i.0^c. for lard stearine and
11c, for oleo stearine. Cotton seed oil has sold slowly and
prices have declined with lard, closing at 4t2@l2% for prime
yollow. Butter has boen steadier for choice grades, closing
firm at 15@ 24^c. fer creamery. Cheese has been in fair de
mand and firm at 7@183^c» for State factory, full cream,
Frf sh eggs closed steady at 28c. for choice W estern,
Brazil grades of coffee have continued to sell slowly.
Large roasters have lowered their prices for coffee lc. per
pound, a rd there has been a further decline in the values of
green coffee. Supplies in sight are excessive, and the crop
movement has continued large. The close was quiet at 6c,
for Rio No.?. West India growths have been quiet and easier,
closing at 8 ^ c . for good Cueuta, East India growths have
been unchanged. Speculation in the m arket for contracts
has been fairly active. There has been some forced liquida
tion, especially in Europe, for the account of speculative
holders, and prices have declined. Following are the closingasked prices:
Jsm... . . . . . . . . . . 6‘65a. |June......
Maroii. . . . . . . . . 5-75e. j July.....
M a y ........... 5'9'do. I A u g.....
6 05c. Sept....
6*10o. O ot....
6'20e.
D ee...
6’25e.
6’S0c.
6*45e,
Raw sugars have been in more active demand and prices
have advanced, closing firm, with light offerings a t 3 9 -16c.
for centrifugals, 96-deg. test, and 3 i-l6c. for muscovado, 89deg. test. Refined sugar has been advanced, closing at 4 ‘75c.
for granulated. Glucose has been advanced. Other staple
groceries have been without changes.
Offerings of Kentucky tobacco have been limited and with
a fair export demand prices have held firm. Seed leaf to
bacco has had only a small sale, but with only limited offer
ings prices have been unchanged and steady. Havana to
bacco has been quiet, awaiting developments at Washington.
Straits tin has been in moderate demand and reflecting
firmer European cable advices prices have advanced slightly,
closing at 23'95@24 30e. Ingot copper has been in more active
demand, closing firm at 11c. for Lake, Lead has been u n
changed and steady a t 4e. Spelter has been w ithout change,
closing quiet at 4 30c. Fig iron has been in demand and
firmer, closing at $13 50@18 50,
Refined petroleum has been unchanged, closing steady at
7-20c. in bbls., 8 30c..in cases and 4 65c, in bulk. Naphtha
has been unchanged at 9*05c. Credit balances have been un
changed at $1 IS, Spirits turpentine has been in demand
and higher, closing at 44^@ 45e. Rosins have been firm
ly held at $1 55 for common and good strained. Wool has
been held at prices above buyers’ views, checking business.
Hops have been firmly held but the demand has been limited,
THE
J anuary 25, 1902.J
CHRONICLE.
C O T T O N .
F r i d a y N i g h t , January 24, 1902.
T h e M o v e m e n t o p t h e C r o p , as Indioated b y our telegram s
from th e S ou th to -n ig h t, Is g iv e n b elo w . For the week ending
this even in g the to ta l reoelpts have reaohed 192,726 bales
against 228,486 bales la st w eek and 278,868 bales the previour
w eek, m ak in g the to ta l reoelpts sin ce th e 1st o f Sept., 1901,
5,591,573 bales, a ga in st 5,178,784 bales for the sam e period of
1900-1, sh ow in g an in oreasesin oe Sep. 1,1901, of 413,789 bales.
Receipts at—
Bai.
G a lv e sto n .........
Sab. Pass, &o.
New O rle a n s...
M o b ile ..............
Pensaco la, A c .
S a v a n n a h ......
B ru n s w ’k.A c.
C h a rle sto n .......
P t. R o y a l,A c .
W ilm in g to n ....
W ash’ton, Ao
N o r fo lk ............
N ’p’t N ew s, A c.
New Y o r k .......
B o sto n ...... ........
B a ltim o re ........
P h lla d e l’a , A c..
Mon.
Tues.
Wed.
TAttr*.
5,312 4,981 12,252 8,582 5,494
.........
. . . . . . . . . . . . .... . . ......
7.930 10,711 15,045 12,923 15,824
290
280
256 1,099
497
......
......
......
......
......
5,365
4,066
6,887
2,675
3,839
.........
875
.......
698
4,787
....... .
16
......
1,503
2,702
2,383
1,690
313
897
......
99
156
1,283
......
167
188
944
......
......
.......
834
......
691
......
1,543
......
240
610
......
1,439
1,331
.. . . . .
......
3,487
......
279
1,666
76
77
......
331
Sri.
Total
9,036
581
8,547
236
4,263
3,047
862
449
15
1,105
8
1,454
768
452
1,388
4,783
140
45,657
581
70,980
2,658
4,263
27,990
862
4,944
15
6,672
8
13,209
768
1,658
6,788
4,783
890
T o t. t h is w eek 22,591 26,961 43,330 31,136 31,274 37,134 192,726
The fo llow in g show s th e w eek ’s to ta l re ceip ts,th e to ta l since
8ept. 1,1901, an d the sto ck t o -n ig h t , com p ared w ith la st yea?,
Receipts to
Jan. 24.
1901-02.
This Since Sep.
week.
L, 1901.
1900-01.
This
week.
Since Sep.
Stock.
1902.
1901.
205,041
184,618
379,476
31,752
361,077
31,718
123,198
4,937
14,685
112,566
, 8,794
17,223
21,815
5,997
44,095
2,293
126,274
50,000
12,639
8,441
32,572
1,759
106,241
71,000
14,487
6,722
T o ta ls ....... 192,726 5,591,573 171,102 5,178,784 1,024,646
954,774
G a lv e sto n ...
Sab. P ., A c.
New O rleans
M o b ile ......
P ’saoola, Ac.
S a v a n n a h ...
B r ’w lc k .A c
C h a rlesto n ..
P .R o y a l.A o
W ilm ingto n.
W ash’n , A c .
N o rfo lk .......
E P p o rtN .,A o
New Y o r k ..
B o s t o n .....
B a ltim o r e . .
P h ila d e l.A c .
1 ,1 9 0 0 .
45,657 1,575,120 52,426 1,418,803
581
43,654
1,346
26,961
70,980 1,610,703 54,022 1,707,031
1,736
2,658 132,931
98,864
4,263 139,073
1,251
99,380
27,990 925,634 28,881 768,940
862 111,298
1,592
73,194
4,944 222,251
4,104 194,229
15
1,379
584
6,672 235,481
3,398 218,432
8
370
5
507
13,209 345,094
7,915 284,753
14,142
768
362
29,825
82,194
1,658
3,941
61,748
74,679
6,788
5,838 139,693
4,783
56,570
3,794
41,736
491
890
21,000
14,104
„
I n o r d e r t h a t c o m p a r is o n m a y be m a d e w i t h o t h e r years
w e g i v e b e lo w t h e t o t a ls a t l e a d i n g p o r t s f o r s i x seasons,
Receipts at—
1902.
1901.
1900.
1899.
1898.
G a lv e s’n .A c .
New O rleans
M o b ile ..........
S a v a n n a h ...
CJhas’ton, A c
W llm 'ton, A c
N o rfo lk ........
N . N ew s, Ac.
A ll o th e rs ...
48,238
70,980
2,658
27,990
4,959
6,680
13,209
768
19,244
53,772
54,022
1,736
28,881
4,104
3,403
7,915
362
16,907
36,913
52,091
10,144
26,568
5,287
6,119
13,581
1,387
15,159
28,160
54799
8,624
27,SOS
3,821
3,410
12,306
249
38.013
43,590
74,347
12,706
18,937
2,932
7,755
927
37,537
13 262
22,989
8,115
3,637
7,059
379
10,541
192,726 171,102
167,249
177,290
208,710
138,302
T o t. th is w k .
9,979
1897.
22,527
49,743
Sin ce Se p t. 1 5591,573 5178,784 4544,188 6677,722 6587,859 5540,093
The exports for the week en d in g th is ev en in g reach a total
of 152,185 bales, of w h ich 64,833 were to G reat B rita in , 20,045
to France and 67,807 to the rest o f th e C o n tin e n t, Below
a re th e exports for th e w eek and sin ce Set t. 1, 1901.
JtxporU
fr o m —
fVstk M nd int J a n . 21,1902.
M sstortea t o —
From S e n 1,1901, to J a n . 24. 1908
_____
lixvorttiX t o —
6r»#i
T otal
C o n tiT otal
France
W tsh . B r ita in .
nine.
49,626 063,772 241,469 802,000 1,267,831
...... 11,596
17,007 29,232
84,040 575,575 215,179 800 461 1,157,206
5,184 62,370
15,707 08,143
690 68,024 7,074 53,780 119,484
32,707 179.826 43,949 871,362 696,120
69.076 6,048 20,183 84,807
3,391 51,037 .......
07,489 118,470
In addition to a bo v e e x p o r t8 ,o u r teleg ra m s to -n ig h t also
give ua th e fo llo w in g am o u n ts o f cotton on shipboard, not
olenred, at the ports n am ed .
W o add sim ilar figures fo r
Hew Y o r k , w hich are prepared for our special use by M essr*.
L am bert dfc B arrow s. P roduce E x ch a n g e B u ild in g ,
ON
Jan. 21 at—
s h ip b o a r d ,
not
oleared
for—
<treat
Ger Other CoastBritain fir’nee. many. For'gn wite.
stock.
Total.
364 102,699
80,001 8,847 22,592. 34,895
41,100 33,808 10,338 8,244 0,569 95,109
21,300 10,400 2,000 45,100
11,400
1,400
5.600
4,100
10*000
11.500
1,500
14,500 14.500
1.600
1,800 'Too
11,000
23,000
12,000
270,777
109,932
78,098
8,186
20,252
29,695
124,074
77,125
T o ta l 1902.. 107,601 42,815 75.230 48,539 24,823 299,008
725,638
50,464 16,118 36,729 25.152 24,711 153,174
66,763 23,900 •----- 64,731----- ' 22,107 177,501
801,600
839,317
New O rleans
G alveston----Savannah —
Charleston...
M obile............
N o rfo lk ..........
New Y o r k —
Other p o r t s .
T o ta l 1901.
T o ta l 1900.
Speculation in cotton for future delivery has been fairly
active, but the tone of the m arket has continued decidedly
unsettled, owing to the conflicting ideas as to the size o f the
crop. The crop m ovem ent for the week has again been fairly
heavy, show ing a considerable increase as com pared w ith
the same week last year; this continued fu ll m ovem en t has
caused some o f the trade to lose confidence in the sm all-crop
estimates. In the face, how ever, o f numerous advices from
the South, both by wire and letter, reporting m uch sm aller
supplies to come forward than last year, and the fact that the
leading bull interests continue to support the m arket, there
has been no general disposition shown by traders to take the
bear side of the m arket. On W ednesday a prominent export
house became a fairly free seller and forced prices down sev
eral points and also succeeded in dislodging some cotton held
by tired speculative holders. A t the decline, h ow ever, the
leading bull interests becam e fairly free buyers, and after
the selling above mentioned subsided prices quickly rallied.
To-day there was a sligh tly easier m arket early. Subse
quently, however, there were indications that the principal
seller o f W ednesday was buying to cover contracts, and prices
advanced. The close was quiet at a net gain for the day o f
2 @ 9 points. Cotton on the spot has been steady, c lo sin g at
8 5 -16c. for m iddling uplands.
The rates on and off m id d lin g , as established N o v , 2 0 ,1 9 0 1 ,
by th e Revision C o m m ittee, a t w h ich g ra des other than
m iddling m a y be delivered on c o n tr a c t, are as fo llo w s,
F a ir ........................... . . . . . . o . 1 T 4 on
M iddling F a i r .....................0-80 on
8triet Good M id d lin g....... . 0-50 on
Good M iddling.................... 0 32 on
S tric t L o w M id d lin g......... 0-14 off
Lo w M iddling................... . 0-38 off
S tric t Good O rd in a ry . . . . . 0 72 off
Good O rd in a ry.................... l'OO off
Even
Good M id d lin g T in g e d ___
S tric t Good M id. Tin ge d .c. O'20 on
S tric t M id d lin g T in g e d ___0'06 off
M iddling T in g e d ................... 0-12 off
S tr ic t L o w Mid. T in g e d ... 0'34 off
M id d lin g Stain ed ____ . . . . 0 50 off
S tr ic t L o w Mid. S ta in e d ... 1 0 6 off
L o w M id d lin g S ta in ed ....... 1-50 off
On th is basis the offioial prices fo r a fe w o f th e g ra des for
the past w eek— Jan. 18 to Jan. 24— w ou ld be as fo llo w s,
U PLAN D S.
Good O r d in a r y ...,.^ .......___
Low M id d lin g ..... . . . . . . . . . . . . .
M id d lin g... . . . . . . . . . . . . . . . . . . .
Good M i d d l i n g . . ...................
sad d lin g F a ir ................. . . . . . . .
G U LF.
S a t,
7*31
7-93
85,«
8'63
911
Sat.
Good O r d i n a r y . . . . . . . . . . . . . . . . .
Low M id d lin g ..... . . . . . . . . . . . . .
M iddling....... . . . . . . . . . . . . . . . . . . . .
Good M id d lin g ,. . . . . . . . . . . . . . . .
M iddling F a i r . . . . . . . . . . . . . . . . . .
S T A IN E D .
Low M id d lin g .....................
M iddling............ ......... .
Strict Lo w M id d lin g T in g e d ...
Good M id d lin g T in g e d ..............
7-56
8'18
89i«t
8'88
9-36
S a t.
6-81
7-81
797
8-31
M ora T q o b W e d
7-31
793
S^ie
8'63
911
7'31
7 93
85,8
8'63
9 'H
7-25
7'87
8Q
8'57
905
Th.
F r i.
7 '3 l
7'93
85,«
8'tieS
9-11
7*31
7 93
8&ie
8'63
911
M o ra Trae*. W e d
Thu
F r i.
7*56
8'18
8916
8'88
9'36
7-50
8'12
8^
8-82
9'30
7-58
8'18
89i«
8'88
9'36
7-56
8'18
89i«
8'88
9'36
M o n T ile s W e d
Th.
F r l.
6-81
7-81
7-97
8 31
6-81
7-81
7'97
8'31
6-81
7-81
7'97
8'31
7-56
8'18
8»ie
8'88
9'36
6 '8 l
7-81
7'97
8'31
6-75
7-75
7'91
8'25
The quotations for m id d lin g upland at N ew Y o r k on
Jan. 24 for each o f the past 32 years have been as follow s.
1802___0. fc516 1 8 9 4 ... •0. 715le 1 8 8 6 . . . . 0 . 9 H
1 885. . . . . 113ie 1877 .........13516
1901.......... 9^8 1 8 9 3 .... . . 9^8
1884. .....1 0 » 8
1876.........13
1900.......... 7?8 1 8 9 2 ,... . . 7»8
1883. ........... 103! 6 1875.........151*
1899.......... eoia 1 8 9 1 .... . . 930
1882. ........... l l « u
1898.......... 57a 1 8 9 0 -...
1874.........16i8
1897.......... 76la 1 8 8 9 .... . . 9^8
1881. ........... n l3i« 1873.........2078
1872.........22i«
1880. ....... 12*8
1896......... 8&,e 1 8 8 8 ....
1895.......... 5 G
, 1 8 8 7 .... ... 9*3
1879.
1871.........151s
ne
N oth .—O n O ct. 1 ,1 8 7 4 , g ra d e s of ootton as quoted w ere ch a n g e d .
Aooord lngto the new cla ssific a tio n M id d lin g was on th a t d a y quoted
3so. lo w e r th a n M id d lin g of th e o ld c la s sific a tio n .
M A R K E T AND S A L E S ,
T he t o t a l sales o f c o tto n on th e sp ot eaoh d a y d u r in g th e
week are indioated in th e fo llo w in g s ta te m e n t.
F or th e
convenience o f th e reader w e also add co lu m n s w h io h sh ow
at a glance how th e m a rk et fo r spots an d fu tu r e s clo se d om
*am e days.
Sp o t M a r k e t
C losed.
F utures
Ma r k e t
Cl o se d .
S a t u r d a y .. Quiet at lie adv. s t e a d y .........
M onday__ Q uiet......... .........S te a d y ..........
T u e s d a y ... Q uiet................... [Quiet..............
Wednesday Quiet at i 16 deo B ’r ly steady.
T h u rsd a y .. Quiet at ija ad v. Quiet A a t ’d y
F r id a y .......S te a d y ................. [Q uiet..
T o ta l.......I . . .
Sa l e s o r Sp o t *
fixport.
....
Contract.
Con- Con
mmp. tract. Total.
218
77
57
754
—
819
—
1,425
300
1,000
400
—
1,700
! C^COO^rH
wkrd
Great France Oont 4Brlt’n.
n m t.
Galveiton..... 28,884
26,802
Sab. Pass, Ac.. ...... ...... ......
New Orlean*.. 12,870 11,747 10,028
Mobil#.........
6,184
590
Peniaoola.,..
Savannah...... 5 194 8,898 19,215
......
Brnmwlok ...
Charleiton...
3,391 ...... . . . . . .
...... ...... ......
Port Royal...
Wilmington.. ...... ...... . . . . . . . . . . . . 109,390
08,849 208,245
Norfolk........
16,901
1,800 17,701
19,578
N’ port N.,*o..
19,578
.
.
.
.
.
.
New T o r t . . . .
8,058
8,548 12,200 203,718 12,579 125,310 841008
Boston........
8,741
36a \ ( Ui
8,229 101,206
97,970
Baltimore..... 1,127 _
1,061 2,778 32,823
*50 24,017 57,290
......
Philadelphia.
2,101 11,817
0,510 ......
......
San Pran.,
7,125 7,125
104,873 104,826
452
Total......... 04,883 20,015 07,807 152,185 2,130,606 520,338 1,084.980 4,291,903
Total, 1900-01. 5».40t 25,181 75,147 168,705 1,981,107 458,294 1.444,482 8.838,838
217
319
8,125
THE
218
CHRONICLE,
if UTcnatJaL— H ig h e s t, low est and c lo sin g prices at N ew Y o r k ,
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A t the Intbbiob T o w n s the movement— that is the receipt*
lor the week and since September 1, the shipments for tne
week and the stocks to-night, and the same items for the
sorreepondlng period of 1900-01 —is set out in detail below.
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5
03
The V isible supply op Cotton to-night, as made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week’s returns, and consequently all
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
(Jan, 24), we add the item of exports from the United States,
including in it the exports of Friday only,
1902
Stock s t L iv e r p o o l...... bales. 997,000
5,000
stock at London...... ................ .
Total Great Britain atook. 1,002,000
Stock at Hamburg. . . ________ „
11,000
Stoek at B r e m
e n 202, 000
Stock at A m s t e r d a m ..... . . . . .
......
[Vol, lxxiv,
1901.
691,000
18,000
70 4,000
18,000
212.000
......
1900.
1899
6 8 9 ,0 0 0 1 ,7 1 5 ,0 0 0
2,000
4,000
691,000 1,719,000
16,000
18,000
397.000
240.000
3.000
2,000
200
Stock at Rotterdam ...........
......
200
300
8.000
5 000
Stockat Antwerp.............
3,000
4,000
312.000
Stock at Havre.,___ . . . . . . . . . . .
238.000
170,000 132,000
Stock at M a r s e i lle s ......... . . .
2,000
3,000
4,000
4.000
57.000
Stock at Barcelona. . . . . . . . . . . .
74,000
60,000
78.000
43.000
45.000
Stock at G e n o a ..... . . . . . . . . . . .
41,000
45,000
11.000
6.000
Stock at T r i e s t e . . . . . . . . . . . . . . .
2,000
8,000
Total Continental stocks.. 505,000 472,200
636,310
851,200
.Total European stocks.__ 1,507.000 1,176,200 1,327,300 2,570,206
22.000
50,000
India cotton afloat lor Europe ' 49,000
120.000
Amer, cotton afloat for E’rope. 596,000 604.000
450.000 667,000
42.000
40000
R«ypt,BrazSl,&o.,aflt.lorE’pe
47,000
88,000
Stock in Alexandria, E g y p t... 228,000 180.000 205.000 207,000
Stock in Bombay, In d ia .. . . . . . 328,000 349,000 320.000 309,000
Stock in United States p o r ts..1,024,646 954,774 1,016,818 1,130,108
Stock in U. S. interior towns. „ 661,087 777,337 781,028
825,242
United States exports to-day..
9.078
5,953
28.866
34,377
Total Visible s u p p l y .......4,449,791 4,205,264 4,143,012 5 ,6 92,925
O l the above, totals ol American and other descriptions are as follows:
American—
Liverpool s to c k ...____ ..bales. 908,000 620.000 5 7 4 ,0 0 0 1 ,5 9 9 ,0 0 0
Continental s t o c k s ... .. .. . . . . . 473,000 436.000 602,000
807,000
American afloat lor Europe... 596,000 604.000 450.000 667,000
United States s to c k ........ .. .. 1 ,0 2 4 ,6 4 6
954,774 1,016,818 1,130,106
United States interior stocks. 6 6 1,067 777.337 731,028 025,242
5,953
28,866
34,377
United States exports to-day..____ 9,078
Total A m e r i c a n .......__ ..3 ,6 6 6 ,7 9 1 8,393,064 8,402,712 4,762,725
Mast Jndian. Brazil, M .~
Liverpool s t o c k ....... ........ .
@4,000
116,000
115.000
71.000
London s t o c k ..... . . . . . . . . . . . . .
5.000
4,000
13.000
2,000
Continental s t o c k s ..... . . . . . . .
32,000
44,200
34,300
36,200
50.000
120,000
India afloat for Europe. . . . . . .
49,000
22,000
40.000
Egypt, Brazil, &o., afloat.. . . . .
47,000
42,000
38.000
Stool m Alexandria, E g y p t.. . 228,000 180,000 205.000 267,000
Stock in Bombay, I n d i a ....... 328,000 349,000 320.000 3 1)9,000
Total East India, <fco.
783,000 807,200 740,300 830,200
Total American......... ......3 ,6 6 6 ,7 9 1 8,398,064 S,402,712 4,862,725
Total Visible su
p p ly........4
,4 4 9 ,7 9c*1 ^
4,205.264 4,143,012 5,692,925
SUPply
«
Middling Upland, Liverpool..
4%sd,
s^ d, ' 4iv
SSjed.
Middling Upland, New York,.
8&16o,
10%o.
ease,
si
Egypt Good Brown, Liverpool
5i% 8d.
S^sd, 7 i1isd.
S^d.
Peruv. Rough Good, Liverpool
7d.
7716d.
7-sad,
6%a.
Broach Fine, L iv erp ool.......
5*sfi.
4*sd.
SISjgd,
Tinnevelly Good, Liverpool...
4»gd.
53s3d.
4 ltd.
S^isd.
tST” Continental imports past week have been 78,000 bales.
The above figures indicate an increase in 1902 of 244,527
bales'as compared with same date of 1901, a gain of 806,779
bales from 1900 and a decline of 1,243,184 bales from 1819
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^ ® O iM
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04
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rfA 0 5 <£><&O 0 5 CO bO CO if* 05<35m ^ CO00 ►- 00 fcOO
<C»Q0MQCC>CDC0C7»O» 00 CO CO00 W od * - COtw Ki CE<© CD<l<3 O M ^ O <1W
P ci%
tso W
Ol H
The aoove totals snow that the interior stocks have de
creased during the week 0,274 bales, and are to-night 116,270
oales less than at same period last year. The receipts at all
■owns have been 182,778 bales less than same week last year.
Ovebland Movement fob the W eek 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. 24 and since Sept, 1 in the last two years are as follows.
1901-1902.
January 24.
Week.
Since
Sept, 1.
1900-1901.
Week.
Sines
Sept. 1 .
Shipped—
Via @t. Louis
Via C a iro . . . . . . . . . . . . . . . . . . . . . . .
Via Padneah..„. . . . . . . . . . . . . . . . . . .
Via Kook I s la n d .. . . . . . . . . .
Via L o u is v Ilie ..^
Via C i n c in n a t i...... . . . . . . . . . . . .
Via other routes,
.......
Total gross overland.......... .
deduct shipments—
29,741
3,640
2,345
4,492
4,964
13,598
530,113
79,370
24
26,895
118,877
66,649
237,173
58,780 1,059,101
14,851
3,510
127
1,180
3,778
3,996
8,741
636,289
163,112
5,272
45,866
91,5X5
53,843
180,963
38,188 1,176,860
Overland to Iff. Y ., B o sto n , & c..
Between in terior t o w n s . . . . . . . . .
Inland, A c., fro m S ou th .. . . ----- -
14,119
476
1,473
234,443
39.408
26,816
14,064
342
1,324
257,281
80,498
28,143
Total to be d e d u c te d .... ™™..
16,068
300,667
16,030
365,922
Leaving total n et o v e rla n d *.. 42,712
* Including movement by rail to Canada.
758,434
20,153
810,938
The foregoing shows the week’s net overland movement
this year has been 42,712 bales, against 20,158 bales for the
week in 1901, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 52,504 bales,
In Sight and Spinners’
Takings,
1901-1902.
Week.
Since
Sept. 1,
1900-1901,
Week.
iSinatf
Sept. 1 .
192,728 5,591.573 171.102 5,178,784
Receipts at ports to Jan. 2 4 ,.
42,712 758.434 *20.153 810,088
Set overland to Jan. 2 4 . . . . . .
Southern consumption to Jan. 24. 87,000 731,000 32,000 638,000
272,438 7.081,007 223.255 6,627,722
*6,274 581,762 * 11,652 732,710
Total marketed.............
aterior stocks In excess..
211,808
Came into sight during week. 266,164
7,360,432
7,612,769
Total In sight Jan. 2 4 ----- . . . . .
STorth’n spinners tak’ gs to Jan. 24
* Decrease during week.
9 0 ,0 i7 1,239,840
Movement into sight in previous years,
Week—
1900—Jan.
1899—Jan.
1898—Jan.
1897—Jan.
B a le s .
26 ..........
2 7 . . . . . .......
2 8 . . . . ...........
29........... .
207,362
196,842
262,041
147,398
36,537 1,258,791
Since Sept. 1—
1899-00—Jan. 26...........
1 8 9 8 -9 9 -Jan. 2 7 ______
1897-98—Jan. 2 9 ______
1896-97—Jau, 2 9 _____
Boies.
6,578,8V.)
S.69.\09>
9,152,908
6.947.1 v ;
THE) CHRONICLE)
J anuary 25, 1902.]
Q uotations fo r M id d l in g C otton at O t h e r M a r k e t s .—
Below are d osin g quotations of m iddling cotton at Southern
and other principal cotton markets fo r each day of the week.
G L O S IN Q Q U O T A T I O N S ITO B
Jan. 24.
Satur.
Mon.
Tues.
G alveston...
New Orleans
M obile........
Savannah..
Charleston..
Wilmington.
8
7lr,lfi
7ir»le
7 7a
778
7-%
8
8*4
8 j4
89ie
Sift
715,a
715,0
715,a
8is
8l,«
715,«
715,0
7l3j0
715,0
7 7h
715,0
77s
7 7a
B oston........
B a ltim o re . .
Philadelphia
A u g u s ta __
Memphis__
St. L o u is __
H o u sto n __
C in c in n a ti..
L o u is v ille . .
7 78
7»a
85,a
8%
8U,0
81,0® %
77a
715,6
715,0
8ifl
81,«
M IIM M .IN O C O T T O N O N
Wedn.es.
7 7h
715,0
715,0
715,0
77a
73i
7\
8
8
85,0
85,0
8*4
. 8%
8%
8 ° ib
8',0
81,0®%
715,0
7 7ft
715,0
715,0
715,0
715,0
8%
8%
81,p
8!l6
Thurs.
Fri.
77s
7 7h
7%
7i5,fl
715,0
7Ht
8
8%
8%
q i 16
81,0
ZL3i«
7 7S
7 78
8%
Sh e
7 7s
Zla
7131#
715,0
715,0
7*
8
85,0
8%
8»,0
8 10
715,0
7 7e
77s
8%
8*10
The closing quotations to-day (Friday) at other im portant
Southern markets were as follows.
A thens..............
A tla n ta ............
Charlotte.........
Columbus, G a.
81,0
7 7s
77ft
75s
I Columbus, M iss
|Eufaula............
I L ittle R o o k ....
1Montgomery-- -
738
7»s
73g
7%
I N a s h v ille ......
| N atohes..........
I R a le ig h ...........
|Shreveport___
7 7s
7 iiie
7 7e
7
W eather R eports by T elegraph.— Advices to us by
telegraph from the South this evening indicate that as a rule
the weather has been favorable during the week. Rain has
fallen in most localities, but generally the precipitation has
been moderate or light. Cotton is being marketed quite
freely.
Galveston, T exas— There has been rain on two days during
the week, to the extent of four hundredths of an inch. The
thermometer has averaged 57, ranging from 44 to 70.
Corpus Christi, Texas — W e have had no rain during the
week. The thermometer has ranged from 50 to 78, averag
ing 64.
Palestine, Texas — Rain has fallen on one day of the week,
to the extent of six hundredths of an inch. Average ther
mometer 49, highest 70, lowest 28.
Fort Worth, Texas.—W e have had rain on one day the
past week, the rainfall reaching one hundredth o f an inch.
The thermometer has averaged 46, the highest being 66 and
the lowest 26.
San Antonio, Texas.— There has been no rain the past week.
The thermometer has averaged 55, ranging from 36 to 74.
New Orleans, Louisiana.— W e have had no rain the past
week. The thermometer has averaged 53,
Shreveport, Louisiana,— The week’s rainfall has been five
hundredths of an inch, on tw o days. Average thermometer
47, highest 68 and lowest 27.
Columbus, Mississippi.— It has rained on three days dur
ing the week, to the extent of one inch and forty hundredths.
The thermometer has averaged 45, the highest being 55 and
the lowest 35.
Leland, Mississippi.— There has been rain the past week,
the rainfall being fifty-six hundredths of an inch. The ther
mometer has averaged 43‘1, ranging from 22 to 60.
Meridian, Mississippi.— The weather has been favorable
for plowing and planters are making good progress in prepar
ing lands. Rain has fallen on one day daring the week.
Vicksburg, Mississippi.— There has been rain on three days
the past week, to the extent of seventy-three hundredths of
an inch. Average thermometer 49, highest 65, lowest 36.
Little Rock, Arkansas,— There has been rain on three days
during the week, the precipitation reaching one inch and
fifty hundredths. T he thermometer has averaged 44, the
highest being 58 and the lowest 30.
Helena, Arkansas,— There has been rain on three days dur
ing the week, the precipitation being one inch and ninety
hundredths. The thermometer has averaged 41, ranging
from 28 to 54,
Memphis, Tennessee— W e have had rain on three days dur
ing the week, to the extent of one inch and thirty-four hun
dredths.
The thermometer has ranged from 30 to 51'6,
averaging 40,5.
Mobile, Alabama.— There has been rain on three days dur
ing the past week, the precipitation reaching nineteen hun
dredths of an inch. The thermometer has averaged 48, the
highest being 65 and the lowest 31.
Montgomery, Alabama.— There has been rain on three days
the past week, to the extent of eighty-two hundredths of an
inch. The thermometer has averaged 45, ranging from 29
to 62.
Selma, Alabama.— There has been rain on one day of the
week, the rainfall reaching forty-five hundredths of an inch.
The thermometer has ranged from 42 to 67, averaging 50.
Madison, tlorida , — There has been rain on one day the
past week, to the extent of seventy hundredths of an inch.
Average thermometer 49, highest 64, lowest 30.
Augusta, Georgia.— W e have had rain on two days the past
week, the rainfall reaching one inch and one hundredth.
The thermometer has averaged 43, the highest being 58 and
the lowest: 27.
Savannah, Georgia.— There has been rain on two days dur
ing the week, to the extent of thirty hundredths of an inch.
The thermometer has averaged 49, ranging from 33 to 68.
Charleston, South Carolina.— There has been rain on two
flays the past week, the rainfall reaching forty-three hun
dredths of an inch. The thermometer has averaged 46,
ranging from 82 to 80.
219
Stateburg, South Carolina. — There has been rain on three
days of the week, the rainfall reaching ninety-eight hun
dredths of an inch. The thermometer hue ranged from 28
to 58, averaging 4!k8.
Greenwood, South Carolina,— Rain has fallen on three
days of the week, to the extent of one inch and one hundredth.
Average thermometer 83, highest 49, lowest 28.
Charlotte, North Carolina.— I t has rained on one day o f the
week, the precipitation being ninety three hundredths of an
i nch. The thermometer has averaged 39, the highest being
51 and the lowest 27.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o’clock Jan. 23, 1902, and Jan. 24, 1901.
Jan. 23, '02. Jan. 24, '01.
Feet.
Feet.
8-2
18-8
60
4-3
20 5
0-9
4-4
107
0-9
157
New O rlean s— ....... ..A b o ve sero of gauge.
Memphis___ . . .
N a s h v ille ..........
Shreveport........
V icksb urg...........
I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s .— The receipts
of cotton at B om bay and the shipm ents from all India ports
for the week ending Jan. 23, and for the season from S ept. 1
to Jan. 23 for three years have been as fo llo w s:
1901-02,
Receipts at—
Since
Sept. 1.
Week.
Bom bay.......... 105,000
Sines
Sept. 1.
Week.
Bom bay1901 0 2..
1900-01..
1899 0 0 ,.
Calcutta—
1901 02..
1900-01..
189b-00..
M adras—
1901-02 .
1900-01 .
1899-00..
Vll others—
1901-02 .
1900-01..
1899 0 0..
Total a l l 1901 02..
1900-01..
1899-00..
Week.
559,000 37,000
773,000 51,000
Sines
Sept. 1.
494,000
Since September 1.
For the Week.
Exports
from—
1899 1900.
1900 01.
Great
Britain,
Continent.
Total.
Great
Britain.
1,000
2,000
23.000
1,000
3.000
23,000
1,000
26,000
92.000
190,000
17.000
93.000
216,000
17.000
l,0CO
1,000
2,000
1,000
1,000
5.000
7.000
5.000
6,000
9.000
7,000
3.000
9.000
3.000
16,000
7,000
33.000
26.000
12,000
33.000
33.000
133.000
232.000
35,000
135.000
274.000
36,000
1,000
1.000
1,000
1,000
1,000
2,000
2,000
2*006
2,606
5.000
23,000
3.000
24,000
3,000
Conti
nent.
1.000
2,000
6,000
Total.
42,000
1.000
6.000
1.000
12.000
A cco rd in g to the fo r e g o in g , B om b ay appears to show an
increase com pared w ith la st year in th e w e e k ’s receip ts of
54.000 bales. E x p o rts from a ll In d ia ports record a loss of
18.000 bales d u rin g the week and sin ce S e p te m b e r 1 show a
decrease o f 139,000 b a les.
A l e x a n d r ia
R e c e ip t s
and
S h ip m e n t s
of
C o t t o n .—
Through arran gem en ts w e m ade w ith M essrs. D avis,
Benaohi & C o ., o f L iverpool and A le x a n d r ia , w e now
receive a w eek ly oable o f the m o v em en ts o f co tto n a t
A lexa n d ria, E g y p t. The fo llo w in g are th e re ce ip ts and
shipm ents fo r the past w eek and fo r th e co rre sp o n d in g
week o f the p reviou s tw o years.
Alexandria, Eaypt,
January 22.
1901-02.
Receipts (eantars*)...
T h is w eek.
Since Sept. 1 ............
130,000
4,780,000
This
Since
week. Sept. 1.
1899-1900.
1900-01.
210,000
5,123,000
Since
This
Since
This
week. Sept. 1. week. Sept. 1.
90,000
3,607,000
E xp o rts (bales)—
T o L iv e r p o o l.......... 8.000 193.000 11,000 189.000 17,000 269.000
To C o n tin e n t t ....... . 10,000 251.000 8,000 139.000 6,000 238.000
T o ta l E u r o p e ....... 18,000 444,000 19,000 328,000 23,000 507,000
* A o a n ta r is 9 8 pounds.
t O f w hich to A m e rica In 1901-02,52,093 bales; In 1900-01 27,167
bales; in 1899-1900, 54,980 b a le s.
M a n c h e s t e r M a r k e t .— Our report received by cable
to-night from M anchester states th a t the m arket is quiet
for yarns and firm for shirtings. Spinners are considered to
be well under contract.
W e give the prices for to-d ay
below and leave those tor previous weeks of this and last
year for comparison.
1901-02
1900-01.
8% lbs. Shirt Cott’n
32s Oop. ings, common Mid.
Twist.
<L
Do. 20 7
d.
to finest.
s. d.
ft
“ 27 71i0W713le 5
Ja n . 3 7
07\
5
“ 10 6i5lfl-7H ie 5
“ 17 7
©7 5h 5
“ 24 678 ©7% 5
Uplds
8% lbs. Shirt Ootl’ii
32s Oop. ings, common Mid.
Twist.
d.
s. d.
d.
4i»3a 830
2 0 7 11
2 07 ll
838
42132
1%©7 10% 41732 8%
1 ©7 9
41783 8%
1%©7 10
4910 8%
4% 8%
1 ©7 10
d.
©938
©»3s
©9%
«93o
©93a
©9%
to finest.
s. d.
Uplds
a.
d.
5 5 ©8 0
5%
5 5 ©8 0
5 5%©8 1% & s
5 6 ©8 1% 819sa
5 6 ©8 1% 5i532
5 6 ©8 1% 5%
s.
S h i p p i n g n e w s .— A s show n on a previous page, the
•xportB of cotton from the U n ited States the past week have
reaohed 152,185 bales, The shipm ents In d e ta il, as m ade up
from m all and telegraph ic retu rn s, are as fo llow s:
THE
0
OBEONIOLE
[V o l . L X X I V .
T o t » l ha leu
The prices o f fu tu res at L iverpool fo r each day a r t irlven
Ion a —To Liverpool, per steaiurtr Georgia, 8,652,....... .. 8,652
I'o iti« niuu, per steamer Kaiser Wilhelm der Grosso, 399.
399 below, P rices are on the basis o f U plands, G ood Ordinary
To Aiitwsip, per steamers British King, 7 ....Southwark,
clause,unless oth erw ise sta ted .
___ .. ...
.. ___ _____________
107
' The prices are given In pence ana
and 6
6414#,
4 Hi#. Thun; 8 63 meant
T<> i.!a:n>M, per steam, r Peninsular, 600___ .. . . . . ..............
600 il m’ 6 Id., and 4 01 m eant 41 l-64d.
’ “ ”™
To Genoa, per steamers Georgia, 804__ 'Crave, 1,086........ 1,890
To Naples, per steamer Trave. 352.....................................
652
fcijuw Oklbi » 8 lo Liverpool—Jan. 23' Steamers Nloaraguan,
Sat,
T u es.
M on.
W e d , T k u r* .
F r i.
5,620; Traveller. 6,300....... .............. ......... ..................... 11,920
J a n . 18 Jan. 20. Jan 21. Jan. 22. Jan , 23. Jan. 24.
To London Jan. 22—Steamer day o Mono. 600...... .
600
To Dublin—Jaa. 2 0 -Steamer Rarnore Head, 350..............
350
12 % 1 1*2% 4 12% 4
4 12% 4 12 % 4
To Havre-Jan 20--Steamer Kamore Head, 6,502__ Jan.
r. m r . u . f .M . r . ml r , m . P.M.
p . m . P.M, I’.M. P.M. P. ML
22 -Steamer Entre Rios, 5 245......................................... 11,747
To Hamburg-Jan, 22—Steamer Dortmund. 4,283___ . . . . . 4,383
a, d. d
d,
a
d.
d.
d.
a.
d.
To Rotterdam -Jau. 20—Steamer Swindon. 1,000__ ... . . . .
1,000
4 29 431 4 32 4 31 4 29 4 30
4 27 4 24 4 26 4 29
To Barcelona Jan. 20 Steamer Oonde Wllfredo. 3,753... 3,753 January..,.
Ian,-Feb__ 4 28 4 30 4 31 4 30 4 28 4 29
4
24
4
27
4
25
4
28
To Genoa—Jan. 20—Steamer Oonde Wlltredo, 837............
837 Feb.-Moh.,.. 4 27 4 30 4 31 4 30 4 28 4 29
4 26 4 23 4 25 4 27
To VeraCruz Jau. 18—Steamer Hugia, 1 5 0 ...............
150 M e h -A p r... 4 28 4 30 4 31 4 30 4 28 4 29
4
26
4 23 4 25 4 27
Galvwstqn To Liverpool—Jan. 18—Steamers Iran, 15,229;
4 28 4 30 4 31 4 30 4 28 4 29
4 26 4 23 4 25 4 28
Orion, 8,405............. . ........................................ .
23,634 Aprll-May...
4
27
May) one... 4 28 4 30 4 31 4 30 4 28 4 29
4 23 425 4 28
To Bremen—Jau. IS Steamer Degama, 10,325....Jan. 22
4 27 4 23 4 25 4 28
1true-July.. 4 28 4 30 4 81 4 80 4 28 4 29
—Steamer Frankfurt, 15,567............................................ 25,832 July-Aag...
4
29
4
30;
4
28
4
30(4
31
4
29
4
24 4 25 4 28
4
27
MOBILE- To Liverpool Jan 21 - -Steamer Montgomery, 5,13 i. 5,134 4ag.-8ept... 4 24 4 25 4 26 4 2614 24 4 25
4 22 4 19 4 21 4 2314 23
t mnsacola—To Manchester-Jan. 18—Steamer Velleda (addi
4 14 4 12 4 13 4 15 4 16
Sept.-Oct... 4 16 4 17 4 17 4 16 4 15 4 16
tional), 590---------------------------------- ----------- ------------690 O
ct.N o v ....
SiVANsra co Manchester -Jan. 18—Steamer EndBleigh,4,993
Nov.-Deo..
upland and L96SsaIsland.... ........................ ........... .
5,194
To Havre—Jan. 21 -Steamer Aurerra, 8,208 upland and 90
8ea Island — .................................................... . ........... 8,298
J ute Butts, Bagging , E tc.—The market for ju te bagging
To Bremen—Jan. 17—Steamer Barenfels, 19,115 upland
has been featureless during the week under review. B u si
and 100 Sea Island........................................................ ... 19,215 ness has been very dull and prices are nom inally unchanged
Charleston To Liverpool—Jan. 22—Steamer Mokta, 2,454
upland and 937 Sea Island................ ..............................
3,391 at 5% c. for \% lbs. and 5%o. for 2 lbs., standard grades.
Boston—To Liverpool—Jan. 16—Steamer Wlnlfredlan, 2,168
Car lots o f standard brands are quoted at 5 % @ 0c., f. o. b.,
__ Jan, 20—Steamer Kansas. 1.573.................................. 3,741 according to quality. Jute butts continue very quiet at 1J^
To Yarmouth—Jan. 20—Steamer Boston, 341.....................
341
To St. Pierre-Jan. 17—Steamer Pro Patria, 12........... .
12 m % v . for paper quality and 2% @ 23^ c. for bagging quality.
Baltimore—To Liverpool—Jan. 18-Str. Qaeramore, 1,127... 1,127
To Bremen—Jan. 18—Steamer Karlsruhe, 1,651............... . 1,651
Ban Francisco To Japan—Jan, 21—Steamer Gaelic, 1,000... 1,000
BREADSTUFFS.
To Guatemala—Jan. 21—Steamer Newport, 125............. .
125
Seattle -T o Japan—Jan, 23—Steamer Ping Suey, 6,000......... 6,000
F r i d a y , Jan, 24, 1902,
Business in the market for wheat flour has continued quiet,
Total.
..................................- .
....................... ................... .152,185
The particulars o f the fo re g o in g sh ip m en ts, a rra n ged I d and prices have further declined. The dow nw ard d rift to
values fo r the grain have naturally had an unfavorable in
our usual form , are as fo llo w s .
fluence upon buyers o f flour, w ith the result that purchases
Great French Ger- -Oth.W rope-^ Mexico,
Brit’n port*, many. North, South.
A c. J a p a n . Total. made have continued w holly o f a hand-to-m outh character.
New York. 8.652 ........
107 3,042 ...... ...... 12,200 Advices from the Northwest report that a num ber of Minne
399
150 ........ 34,640
N, Orleans 12,87011,747 4,283 1,000 4,590
Galveston. 23,634 ....... 25,892
.................... 49,526 apolis mills have been idle during the week. R ye flour has
....................
5,134 had only a lim ited sale, but prices have held steady. B uck
M obile..... 5,134 ...... . ........
......
......
590
Pensacola.
590 ....................
wheat flour has been quiet, and closes slightly easier. CornSavannah. 5,194 8,298 19,215
.................... 82,707 meal has been quiet, but prices have been fairly w ell m ain
Charleston 3,391 ... ... ......
.............
3,391 tained.
Boston__ 3,741 ...............
353 ........
4,094
Speculation in wheat for future delivery has been on a
Baltimore. 1,127 ... ... 1,651
..............
2,778
125 1,000 1,125 moderate scale only and prices have declined, The principal
San Fran.. ...........................
...... 6,000 6,000 bear point has been im proved weather conditions in the
Seattle.........................................
T otal.... 64,333 20,045 51,440 1,107 7,632
628 7,000 152,185 win ter-wheat belt, needed snow and rain being quite g en
E xports to Japan since Sept. 1 have been 104,128 bales from erally reported. A well-known authority says that the
weather is favorable fo r wheat w ith snow covering. M uch
the P acific Coast,
Gotten fre ig h ts a t N ew Y o r k th e past w e e k h a v e b e e n : of the crop went under looking brow n or tender, but that it
was little damaged. The outlook is fairly good. Statistical
developments also were o f a bearish character. There was a
Satur.
M on .
F ri,
T u t* . W ed n es. T h u r t.
considerable increase in the supply o f wheat afloat for
12 %
12 %
12 ia
Liverpool......
12 ia
12 ia
12 ia Europe, reflecting the larger shipments from the United
States and fairly large exports from Russia and India. N ot
Manchester......
16
15
15
15
15
15
only, however, did the quantity o f wheat afloat for Europe
18
18
18
18
Havre.........
IS
18
17%
17k)
17ia
17ki
Bremen__ ... .
17i*
171* increase, but there was an unexpected large gain in U nited
17%
17k)
Hamburg.........
17%
17i*
17ia
17ia States’ visible supply o f wheat. The spot markets have been
weaker, follow in g the decline in futures. Exporters have
19
19
19
Ghent...... .
19
19
19
continued in the market, but they have been less free buyers
Antwerp..........
13
13
13
13
13
13
than noted last week. To-day there was a quiet hut steady
26
26
Beval, via Hull. .e .
26
26
26
26
market.
32
32
Beval, via Canal,c.
32
32
82
32
DAILY C L O S IN G P R IC E S O P N O . 2 RED W I N T E R W H E A T IN N® W Y O R K .
81. Petersburg:.. .c .
Sat.
Mon.
Tues.
Wed. Thurs.
JW,
28
Barcelona.....
28
28
28
28
28
87%
Gash wheat f. o. b ........ 8 0 i s
88%
87%
88
87%
Genoa.... — ...
17%-20 •i7%-r<y% 1 7 ^ - 1 8 's 17 **-Jj% r?%-.iF% 1 7 ^ - i S ^ March delivery In. elev... 867g
85%
85%
85%
85%
85%
Trieste,............
28
28
84%
May delivery in elev...,. 8 6 %
28
28
28
85%
85
84%
28
84%
84%
84%
July delivery In elev...... 8 5 %
84%
84%
84%
Quotations are cents per 100 lba.
D A I L Y C L O S IN G P R IC E S O P N O . 2 S P R IN G W H E A T IN CHICAGO.
L iv e r p o o l . —By ca b le fro m L iv erp ool w e have th e fo llo w
Sat.
Wed. Thurs.
Tues.
Mon.
Fri.
in g statem en t o f th e w eek ’s sales, stock s. & e., a t th a t p ort,
75%
76%
75%
Jan, delivery In elev..... 7 7 %
76%
75%
7
9%
May delivery In elev..... 8 1
79%
79%
79%
79%
July delivery in elev..... 8 Q 78
79%
79
79%
Jan. 3
79%
Jan. 10. Jan. 17 Jan. 24.
79%
Indian corn futures have received a lim ited amount o f at
Sales of the week....,..bales.
54.000
66,000
53.000
49.000
Of which exporters took...
2,600
2,900
1,200
1,200 tention, hut the undertone o f the market has been unsettled.
300
Of which speculators took.
1,000
1,400
200 Early in the week there was a fractional advance in prices,
Sales A m erican...... . . . . . . . . .
60,000
49.000
44.000 Advices from prim ary points reported small country accept
47.000
Actual e x p o rt........ . . . . . __
14,000
8,000
15.000
13.000
Forw arded....... . . . . . . . . . . . . . 116,000
79.000
93.000
97.000 ances, and it was expected that receipts w ould fall off, ow ing
Total stock—Estimated....... 828,000 943.000 900.000 997.000 to storm y weather. The im provem ent, however, was not
Of which American—Est'd. 741.000 840.000 803.000 903.000 maintained. The visible supply showed a small increase,
Total Import of the week..... 338.000 209.000
58.000 207.000
Of whleh Am erican....-.... 285.000 175.000
42.000 184.000 which prompted some selling for both long and short ac
Amount afloat...... .
... ... 817.000 315.000 334.000 279.000 count. ~ Later in the week reports were received of increas
Of which American. . . . . . . . , 281.000 278.000 322.000 253.000 ing offerings in the Southwest, and this, coupled w ith state
The ton e o f th e L iverpool m arket fo r spots and futures ments o f a very m oderate cash demand, induce further
each day o f the w eek en din g Jan. 21 and th e d a lly closin g speculative selling, under w hich prices declined. The spot
markets have been quiet and easier. To-day the market
prices o f spot co tto n , have been as fo llo w s .
was without im portant changes, closing steady.
si t »
Spot.
M a rk et, )
12:30 P. m . \
M id. U p l’ ds.
S a le s ,......,
S p e c. A e x p .
Futures.
M a rk e t \
opened, $
Sat day. Monday. Tuesday. Wed’day. Thursd’y
Quiet.
41*
6,000
600
S teady.
Firm at
M arket, ( 1@1%
pts
4 P. M. $ advance.
Harden’g. Easier,
Quiet.
4^82
7,000
500
4i*
4716
8,000
500
10,000
500
4916
10,000
500
Easier.
Friday
Harden’s.
41*
8,000
500
Q uiet at S teady at Q uiet at
Easy at
Quiet at
partially 1-64 @2-61 1-64 de 8-64 @ 3 64 3-64 a d
1-64 adv. decline.
clin e.
d eclin e.
van ce.
Q uiet at Q’ t Jtst’dy Steady at Very st’dy Steady at
2% pts.
% p t.
1M Pts,
2%@3 pts.
1 % pt».
advanoe. d eclin e
decline.
d eclin e.
advance.
DAILY CLOSING PRICES OP NO. 2 MIXED CORK IN N E W
Sat.
Mon.
Tues.
69
Wed,
Sat.
Mon.
Tues.
Wed.
Gash corn f. o. b.... .... . 68%
May delivery in elev..... 88%
July delivery in elev..... 68%
68%
63%
68
67%
68%
DAILY CLOSING PRICES OP NO, ‘ 2 M IXED CORN
69
68%
68%
fO R K ,
Thurs.
67%
67%
67%
Fri.
67%
67%
67%
IN C H I C A G O
Thurs.
rri.
63%
62%
63%
64%
64%
May delivery in elev...... 64%
63%
68%
64
62%
64%
July delivery in elev.__ 64%
61%
61%
68%
63
62%
Sept, delivery In elev,... 63%
Oats for future delivery at the W estern markets wore
higher early in the week, the result o f continued support
by the bull interest. On Tm usday, however, prices declined
rather sharply; the weakness was in sympathy with a break
in values fo r corn, liquidation by the scattered long Interest
THE
J anuary 25, 1902.]
CHRONICLE
and only indifferent support from the bu ll clique. Locally
the spot m arket has been quiet and easier. To-day there
was an easier m arket for near-by deliveries under liquida
tion by longs.
DAILY CLOSING! PRICKS OF OATS IN N E W Y O R K .
Sat.
Mon. Fuel.
Wed. Thnrt.
Sri.
No. 2 m ixed In e le v ......
■ 0 . 2 w hite In e le v . ... ..
61%
64%
51
64
51
54
61
64
50
. 53
50
52
DAILY CLOSING PRICKS OP NO. 2 MIAMI) OATS IN C H I C A G O .
Wed. lKuri. Sri,
Jtfon. Tue*.
Sat
45 %
40
333a
M ay d e live ry in e le v___ 46%
J n l y delivery In e le v .-.. 40%
Sept, delivery in e le v___ 33%
46%
40%
88%
48%
40%
33%
45%
39*8
33%
44%
39%
33%
Follow ing are the closing quotations:
FLOUR.
Patent, w in te r__ #3 85 « 4
F in e ...............
Nominal.
C it y m ills, patent. 4 20 ©4
Superfine^. . . . ___
Nominal.
R y e floor,superfine 3 25 ©3
E x t r a , No. 8 .......... 3 00 ® 3 10
Bnokw heat flo o r.. 2 15 ©2
E x t r a , No., 1 ..
3 20 ©3 30
C
o rn m eal—
©3
60
01ears..M.M »....o. 3 30
Western, e tc ....... 3 50 ©3
S tra ig h ts ....™ .,. . . 3 70 ©4 00
B ra n d yw in e . . . .
3 65
Patent, s____
p r in g .... 3 90 ©4 65
(Wheat"floni*in cache sells at p rice s below those fo r barrels.)
20
65
75
25
60
ket. Cloakings are also quiet and unchanged. L ight-w eight
dross goods in both woolens and worsteds are quiet anu
only limited progress made with new fa ll lines.
D o m e s t i c C o t t o n W o o d s . — T h e e x p o r ts o f cotton goods
from th is port fo r the w eek en d in g Jan. 20 w ere 2,607
packages, valued a t {162,977, th e ir d e stin a tio n being to the
points specified in the tableB below:
N e w Y o r k t o J a n . 20
G re a t B r it a in ........... ..............
O ther E u r o p e a n .....................
C h in a .. ...................................
In d ia ........................................
A r a b i a . . . . . __________.. . . . .
A f rlo a ___. . . . . . . . . . . . . . . . . . . .
W est In d ie s ............................ .
M exloo................................ —.
C e n tra l A m e ric a ...............
So u th A m e rlo a ......................
O th er C o u n tr ie s ...................
GRAIN.
W heat, t»er b osh —
H a rd M a n .,tU I ..
N ’thern D u L , N o .l
Red w inter, No. 2
H a rd N. Y . No. 2.
Oats—M ix'd, p. bash.
W h ite ........... .........
No. 2 m ixed...........
No. 2 w hite....... .
o.
Corn , per bosh.—
o.
c.
W estern m ixed ............o 5 % ffl 67 %
o.
86%©88
84%©88%
86© 87%
No. 2 mixed............. . 66%®67%
83%®85»8
49% ®51
51 ® 5 7
50 ©51
52 ©53
W estern ye llo w ..........6 9 V ® 71 "n
W estern w h it e ........
R v e , per b ash w e s t e r n ... .. ... . . . . . . . 6 2 ©65
State and Je rs e y ......... .6 4 ©65
B a rle y —W estern............ .6 5 ©72
F e e d in g ........................... 60 ©65
Department of A griculture and G rain C rop R esults ,
— The follow ing letter, which explains itself, has been sent
by M r. John H yde, Statistician of the Departm ent of A g r i
culture, to the Com m ittee on Crop Reporting o f the N ational
Board o f Trade.
U n it e d S t a t e s D e p t ,
of
A g r ic u l t u r e .
W a s h in g t o n , D C ., J a n . 20,1902.
G entlemen :—Everything In the possession of this Department rela
tive to the production of corn, wheat, oats and other Important pro
ducts of the soil in the United States in 1901 has been made public. I
have merely refrained from the official publication of the figures oh
talnedby multiplying the last pubiished estimates of acreage by the
published indicated yields per acre. I have so refrained because I am
unwilling to have published in widely-circulating boohs of reference
figures that are almost certain to undergo some modification when the
forthcoming reports of the Census, based upon an actual farm-tofarm visitation made at enormous cost, become available for their
verification or correction. Under similar circumstances, Mr. J. R
Dodge refrained from the publication of quantitative estimates of all
crops except corn, wheat and oats for four consecutive years. Even
of the cotton crop no quantitative estimate was published by this
Department from 1888 to 1893. Were I now to issue a report of total
production in 1901, no statement that the figures were subject to
revision would prevent their publication, In many oases without such
reservation, in statistical annuals, economic year books, cyclopedias,
and other Important books of reference, there to remain as presum
ably the final report of the Government on the subject of agricultural
production in the first year of the century. As it is, provisional esti
mates of acreage and of yield per acre have been published for corn,
wheat, oats, barley, rye, buckwheat, potatoes and hay, and in view of
this fact there can surely he no inconvenience to the trade in waiting
for specific estimates of total production until any necessary adjust
ments In the Department’s basic figures can be made. I have reason
to believe that oan be done at a very early date.
Very respectfully,
JOHN HYDE, Statistician.
T o t a l..................................
DRY
GOODS
a
't o
Qi e*
t-fc£-
O•
O•
T R AD E.
|sgg*f
1901.
IFeeA. Since Jan. 1.
Week. Since Jan. 1
181
612
17
48
1,039
138
125
120
6 804
1,524
1,750
l]0 0 7
L525
72
223
3,165
698
726
49
262
1,351
291
67
1,869
103
835
5,617
568
2,637
17,013
2,830
9,597
80
82
490
g: : e: I
ie
Ol
m•
■0i
G B« 9 t
s a a o t
■ a a 9 to
84
12
174
38
‘271
55
55
tO©OM©
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<1
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to
to
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to
to
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© ©02^0 00
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to 02 CO 00 M
M C7« M CO ©
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CP ***** CO
IV &
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t] B B 0 8
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CD
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©
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Ot
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<3
M
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<100 0000 GO
to © 0 0 ^
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W <! 00 w
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tOCH
<ipcnQo©ea
V l i o o ® to
<J W - ^ O Q ©
CJ> CJ> OD M
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tO M
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jfa.
M O O ©O""tO
o © w t o ©
© © C 3 © ©
©
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S'
C*
28
Ci
&
MWWM
OVttM
MM
COto COM wse
©pop©
VcoV^Vi
CO M W C CO
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io oomto
©WiMOW
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Ol
<3M
(OH
"on GO “-j ’c h
K) M © © -1
CJI to © © CJt
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WMMtO M
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M W O O © W
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02 ©
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M CO CO 02 tO
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to-ioooioi
HOKM^
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348,519
765,932
390,590
255,372
307,531 j
02 02 02 a «
9,937,776]
10© 00*»■00
cow © W 02 CO CO
0D02 ~-»W©W~-l
WO
tOGO
§
M
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KJM
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CROC M O Q t
CJ* M © 00 M
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2,067,944
7,869,832
** *0 W <1 W
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M
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y
a g « 0 a
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l ts
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QD
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127,655
234,230
75,154
59,972
99,370
bO
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COM to <1^02
© 0 .: : s
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■a
63,620
54,480
If*-
V o 1 ©MMCJtbO
M © Ot O M
MM
**© ocococ* w
ig;r
; B
26,590 I 596,381
2 0 , 4 4 4 j2 , 2 9 2 , 9 8 4
02 QD
toco I
O M
M
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O
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C*00©<|tO
;
a
. ©I
; Bi
Week E n d in g
J an. 23 ,1 9 0 2
©cc
©00
g;
g;
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353,643
627,188
427,350
220,283
186,543
M QD CO CD M
S»
. © I--8P
s a; S
j . : e)
£ gf Si i ! f
1,815,007
9,406,076
OK)
© 1V
Pf
2,543,336
© W OCDNM O
aw
M© MM©©©
2,
22,355
55,667
M M
©^
© © © <T©
B
9
* 9
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2 3
3
fL
S
86,920
202,099
133,234
52,401
57,657
wif* ©otb*cob«
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3,075,667
tP-o ©O'© coo*
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317
661
222
256
6,267
O 00 o mm
to
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532,331
7,723
19,699 2,543,336
©M w
©V M CO CO M
v©fcOif*-©
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27,422
N e w Y o r k , F r i d a y , P . M„, Jan. 24, 1902,
The general demand is gradnally developing, but w ith no
m arked degree of celerity such as m ight indicate a change
in temper of tuyers. T he im provem ent is the outcom e of
grow ing requirements for im m ediate supplies o f m erchan
dise in the cotton goods division and not of any freer dispo
sition than before to operate ahead. Som e of the increase
m ay be attributed to the fact that buyers have in various
instances been disappointed in not receiving deliveries on
existing orders and have had to com e into the m arket for
substitutes. This demand keeps supplies from accum ulat
ing in first hands and the m arket continues in good general
condition. Fine grade goods of all kinds are very scarce,
and in coarse yarn fabrics m any sellers are either w ithout
stocks or are carrying unusually ligh t quantities for the
tim e of year. Should predictions of an early reduction
of importance in the m ovem ent o f raw cotton prove correct,
the goods m arket is well situated to respond to the then
likely upward course c f prices for raw m aterial. M ean
while, the free receipts of cotton are exercising a restrictive
ir fluenee over buyers in connection w ith forw ard engage
m ents.
W oolen G oods.— The demand for new fall lines o f men’s
wear woolens and worsteds has been on a generally conserv
ative scale, although, as noted last week, prices on im port
ant lines are lower than the trade expected them to be. It
is probable th at buyers are w aiting for further additions to
the new season’s display before taking freer action. The
price situation has not undergone any m aterial change, fur
ther openings by the A m erican W o olen Co. show ing th cir
mercerized varieties from 5c. to 7)^c. per yard lower than
last year. There are few fine worsted" fancies shown so far,
but next week is likely to see an increase in these on the
m arket and several leading lines of piece d y is also opened.
L ight-w eights are as a rule well sold up, and although the
demand this week has been quiet, buyers find some difficulty
in securing ready supplies even at extreme prices. A quiet
business has been reported in overcoatings, w ith a steady m ar
1902.
The value o f the N e w Y o r k e x p o rts since Jan. 1 to date
has been $777,913 in 1902, again st $405,037 in 1901.
H eavy brown cottons continue quiet on both hom e and
export account.
H om e buyers are purchasing lim ited
quantities, while exporters have bid for som e round lots,
but at prices w hich sillers
have generally
declined
to accept.
The m arket continues steady.
Fine yarn
goods for converting purposes are scarce and very firm.
Bleached cottons continue steady in all grades and leading
tickets are in lim ited supply; the demand has been m od
erate. The m arket for denims is a difficult one for buyers,
stocks in first hands being exhausted and sellers slow to ac
cept orders for goods to be m ade on present pi ice basis.
Other ccarse, colored cottons are generally w ell situated,
w ith a quiet business doing. Cotton flannels are opening for
the fall season, but not so far selling freely. W id e sh eet
ings are steady, w ith lim ited sales. F u lly an average de
m and is reported fo r staple prints at firm prices. F an cy
prints are quiet but steady. Fine grades o f printed fabrics
are firm, w ith production w ell under orders. G ingham s
and fine woven fabrics continue scarce, w ith sellers fre
quently behind hand on their deliveries. Print cloths are
firm at 3c. for regulars and difficult to buy for near delivery
in all narrow goods. W id e goods are quiet b u t firm .
F oreign D ry G oods. — T hin fabrics, such as veilings, m is
trals, etc., are w ell sold and still in request at firm prices.
Silks are firm but quieter than of late. Ribbons in m od
erate dem and. Linens are very firm , w ith hardening m a r
kets abroad. Burlaps are quiet but steady.
I m p o r ta t io n s a n d W a r e h o u s e W i t h d r a w a l s ot D r y G o o d s
The im portations and warehouse w ithdraw als o f dry goods
a t this port for the w eek ending Jan. 23, 1902, and since
January 1, 1902, and for the corresponding periods o f last
year are as follow s:
te r F o r o th e r t a b le s u s u a lly g iv e n h e re see page 1 8 8 .
THE
221
0 )0
O'-A 00
02 CJ» co to co-Gfr
© CO M to
00
<|Q0MHO2
© CO QO © CO
<1O -1 QO©
Sa
gs
r<o
THE CHRONICLE
‘> 9 9
Bw e
THE
aimd
Citr Detaptment,
PROPOSED
THE
CITY
DEBT
OF
ADJUSTMENT
OF
GALVESTON.
The financial condition of the city of Galveston la at pres
ent attracting a good deal of attention, owing to the factthat
the city on December 1 1901 failed to meet the maturing
ooui >na on its bondB. Earnest efforts are now being made to
eff ect an equitable and an honorable settlement with the bond
holders. This city, as will be remembered, was visited by a
hurricane on September 8 1900 which all but completely
wiped out the place. Not alone were property values im
paired the city over, but property to the extent of one-third
of the total assessed valuation (real and personal) was actu
ally extinguished, while no less than 17 per cent of the city’s
population met death as the result of the storm.
Galveston’s indebtedness on September 1 1900, a few days
prior to the storm, was $4,170,477, consisting of $3,945,000
bonds (nearly all of which carry 5£ interest) and a floating
debt of $‘325,477; on Sept. 1 1901 the bonded debt had been
reduced by $2,000 and the floating debt by $39,389, leaving
a total debt of $4,129,088. To take care of this debt and to
provide for the interest thereon was a task of great proporportions, and it is certainly creditable to the city that for
twelve or fourteen months after the storm all interest accru
ing on its bonds was promptly and fully met. Notwithstand
ing, however, the practice of the utmost economy in admin
istration, the city found in December 1901 that it could
no longer pay the interest. The explanation is very simple.
Owing to the great shock values have received property does
not yield a revenue that will permit the payment of taxes on
the old basis. Rents are disturbed, revenues of all kinds
curtailed, and the debt-paying ability of the community is so
impaired as to render the collection of taxes a slow and most
tedious process. Furthermore, an outlay of about $1,500,000,
it is estimated, will be required to prevent a similar calam
ity in the future. The city accordingly seeks an adjustment
of its debt on such a basis as will not only ensure prompt
payment of the interest on the existing bonds but will also
pave the way for the negotiation of a million and a-half
dollars of new bonds to protect the city from farther in
vasions by the sea.
The city authorities, we are advised, do not ask a reduc
tion of the principal of the city’s obligations, but only an ad
justm ent of the interest rate for a period of years, Such a
compromise being effected, the authorities feel confident that
they can take care of the present bonded debt and at the
same time find a market for the proposed protection bonds.
Through the safeguards which the city w ill be able to pro
vide with the proceeds of the $1,500,000 new bonds, protec
tion will be given to present values and such a restoration
of confidence in the stability of the city be effected as must
tend to attract capital and labor again to the city. Gradu
ally, but surely, Galveston would thus become once more
the great and important G u lf city it was a few years ago.
To put it briefly, the city contends that without an equit
able adjustment of the old debt the new bonds cannot be
marketed, and that unless the new bonds are issued to afford
protection to present values, further depreciation in assess
ments and revenues would be the logical outcome.
These propositions of the city, when we bear in mind how
great has been the devastation wrought by the storm, would
seem at least deserving of very careful consideration, and
the fact that determined effort was made on the part of the
city to prevent defaulting in its interest is a f act which should
weigh greatly in its favor. It is appropriate to point out
th at another city in Texas has recently been able to effect an
adjustm ent of its indebtedness. W e refer to the city of A us
tin. This city in April 1900 was visited by disastrous floods,
resulting in the destruction of the Austin dam, water works
and electric and power house, for the construction of which
over \\i millions in bonds had been issued. It will hardly
be contended that the plight of that city was quite as bad as
is the present position of the city of Galveston. Neverthe
less, after prolonged consultations and investigations, the
bondholders’ committee in that case agreed to take 30-year
refunding bonds for the old 5 and 6 per cents— the new bonds
to carry interest at the rate of 3 per cent for five years, 4 per
cent for the next ten years and 5 per cent for the remaining
[VOL.
LXXIV.
fifteen years. An adjustment so favorable to the city of A us
tin having been granted by the bondholders’ committee, of
which Mr. Chas. S. Fairchild of New York was Chairman,
we doubt not that when representatives of the city of G al
veston and of the holders of that city’s bonds meet in confer
ence much will be accomplished to rehabilitate that afflicted
community, and that the bondholders’ committee will weigh
and consider carefully all the conditions under which that city
now labors. The following gentlemen compose the bond
holders’ committee : Hon. Chas. S. Fairchild, New York,
Chairman; N. W . Halsey of New Y ork, John W . Herbert of
New York, John W . Edm insonof Chicago, Charles E. Ballou
of Woonsocket, John D. Howard of Baltimore and J. L .
Grandin of Boston.
Canada.— Population.— The population of Canada, officially
announced by the Census Department on January 15, as
shown by the 1901 Census, is 5,369,666, an increase for the
decade of 538,425.
Colorado.— Special Session o f the State Legislature.— G ov.
James B. Orman has issued a call for an extra session of the
State Legislature to meet on January 27 for the purpose of
enacting new tax laws and providing necessary revenues to
pay the expenses of the State and of the State institutions.
Fow ler, Benton County, In d .— Bond Litigation.—The
Savings & Trust Co. of Cleveland has brought action in the
United States Circuit Court against the town o f Fowler for
$3,000 recovery claimed on $2,160 interest alleged to be due
on bonds issued in August, 1897. The bonds in question ag
gregate $9,000 and carry H interest, payable semi-annually.
Modesto Irrig a tio n D istrict— V ln elan dl Irrig a tio n D is
trict, Cal.— Bond Litigation.— The following dispatch ap
peared in the Los Angeles “ Times
S a n F h a n c is c o . Dec. 31, 1901.—Suits against the Modesto Irrigation District
and the Vineland irrigation District were beguu to-day in the Superior Court
by Albert Meyer The first named corporation Is in Stanislaus County and the
latter Is In Los Angeles County. Meyer purchased bonds of both corporations,
and claims that the interest coupons have not been paid. From the Modesto
corporation he asks $4,247 76, and from the Los Angeles company the sum of
tl,292 50.
N orfolk, Neb.— Bond Registration Refused.— The State
Auditor, owing to some slight irregularities, has refused to
register an issue of $16,600 electric-light-plant bonds voted
at an election held some months ago. W e are advised by
the City Clerk that another election may be called to vote
on the question of issuing these bonds, but that the matter
is as yet undecided.
Bond P ro p o sa ls and N e g o tia tio n s
this
veek have been as follows :
Adrian, M ich.— Bond Offering.— Proposals will be received
until 4 p . m., February 1, by the Committee on Claims and
Finance—W illiam Payne, Chairman— for $45,000 3% paving
and $5,000 3% sewer bonds. Securities are in denomination
of $500, dated Nov. 1, 1901. Interest will be payable semi
annually. Principal will mature $ 10,000 every five years.
The city has no debt of any kind at present. The assessed
valuation is $4,676,000 and the real value about $7,000,000.
Albany, N. Y.— Bonds Authorized.— The Aldermen have
passed an ordinance providing for the issuance of $90,000
bonds to refund a like amount of water bonds maturing Feb.
1, 1902.
A llian ce, Ohio.— Bond Sale.— On January 20 the $82,650
4£ 20 year refunding bonds dated March 1, 1903, wereawarded to Denison, Prior & Co., Cleveland, at 102‘885—an inter
est basis of about 3*793£. Following are the bids :
Denison, Prior & Co., C lev e..fa4,457 60 |Feder. HolrmanA Co.. Cln...168,570 OO
W. J. Hayes & Sons,Cleve.... 64,380 00 W . R. Todd & Co.. Cincinnati. 6K.365 00
Seasongood & Mayer. Cin ___ 64.003 00 I P. S. Briggs A Co., Cincinnati. 62,800 00
R. Kleybolte & Co.. Cincln... 64.000 00 , LamprechtBros. Co.. Cleve.. 62,'d0 00
Farson, Leach & Co., C hic.... 63,953 00 i New 1st Nat. B ’k. Columbus. 62,6oO CO
For description of bonds see Chronicle Jan. 11, p. 110.
A lton, 111.— Bond Ordinance — An ordinance has been in
troduced in the City Council authorizing the Board of Edu
cation to issue the $50,000 i% high-school-building bonds
which were voted at an election held last fall.
Barberton, Ohio.— Bond Offering.—Proposals will be re
ceived until 6:30 P. M,, January 27, by W . A . W itner, V il
lage Clerk, for the following 3$ assessment bonds :
*940 5jC sewer bonds, four in denomination of *200 and one of $140. Maturity,
*200 yearly on Feb. 1 from 1903 to 1906, inclusive, and 1140 on Feb. 1.
1007.
2,168 5jf sewer bonds, four in denomination of $500 and one of tlO^. Maturity,
*500 vearly on Feb. 1 from 1903 to 1906, Inclusive, and $168 on Feb. 1.
1907
931 6% sewer bonds, four In denomination of $209 and one of $1S1. Maturity,
* 2 0 o vearly on Feb. 1 from 1903 to 1906, inclusive, and $131 on Feb. 1.
1907.
Securities are all dated Feb. 1, 1902, and the interest will
be payable semi-annually at the First National Batik of
Barberton. A ll bids must be unconditional and proposals
for each issue must be accompanied by a certified check
for $100 or else cash to that amount.
Barre, V t.— Bonds Voted.— The citizens of this place on
January 16 voted to issue $60,000 coupon bonds for the pur
pose of completing the Orange Brook extension of the city’s
water system.
Bath, Me.— Bond Sale.— On January 20 $85,000 8 ;• re
funding bonds were awarded to the Bath Savings Institu
tion at 101‘163 and interest. Following are the bias :
Bath Savings Institution........... 101*162 I K. H. Rollins A Sons, Boston.. tv'O S' t
Marine Nat. Bank. Hath............. UHi'017 N. IV. H arris A r'o.. ILvstou..
UV 3 »
K. H. Day A Co.. B oston.............100*54 |
J a n u a r y 25, 1902.]
THE
CHRONICLE
Securities are dated Jan. 15, 1902, and the principal will
mature $10,000 yearly.
Beaver Falls, Pa.—Bond Election Proposed.— The Town
Council is considering an ordinance providing for an elec
tion to vote on the issuance of $150,000 street-improvement
bonds.
*
Benton Harbor, Mich.— Bond Election,— An election will
be held on January 27 to vote on the question of issuing
$35,000 street bonds, instead of $75,000, as originally pro
posed.
Binghamton, N. Y.— Bond Sale.— On January 21 the $50,000 3%g 36}£-year registered Exchange Street bridge bonds
dated Feb. 1, 1902, were awarded to 1ST. W . Harris & Co.,
New York, at 106'34— an interest basis of about 3 ‘20£. Fol
lowing are the b id s :
N. W . Harris & Co., New Y ork..106-84 I Geo. C. White Jr., New York___106-03
Blodget, M erritt*C o., Boston..lOtVlfll I M. A . Stein. New York...............104'88
Denison, Prior * Co.. Cleve.......106-81 I Faison, Leach & Co., New York.104-03
W . J. Hayes * Sons, Cleveland.106'0(6 Edmund Seymour & Co., N. Y . .103"75
AH od, Sand * Co., New Y ork ...li 5"41 I
For description of bonds see Chronicle Jan. 4, p. 58.
Boonvilie, Mo.— Bonds Defeated.— This city has voted
against a proposition to issue $40,000 street-improvement
bonds.
Bowling Breen, Ohio.— Bids.— Following are the bids re
ceived January 18 for the $6,500 4# sewer-assessment bonds :
B. Kleybolte & Co.. C ln c ln ....$8,540 <10 I w . J. H a y e s* Rons. Cieve......$6.51000
S. Kuhn & Sons. Cincinnati. . 6,689 00 |W ood Co. Sav. B'k, Bow. Gr’n. 6,501 00
Feder, Holzman <&Co., Cincm. 6,634 76 I Commercial Banking Co.,BowP. S.Briggs * Co.. Clncln,. . . . 6,51660 | Jing Green.......................... ..
6,60000
The award was not made on the above date. For full de
scription of bonds see Chronicle Jan. 4, p. 58
Bristol County, Mass.— Bonds Proposed.— This town seeks
legislative authority to issue $100,000 bonds to pay expenses
incurred in erecting a new Registry of Deeds building.
Brockton, Mass.— Bonds Proposed.— This city has decided
to petition the State Legislature for authority to borrow
$50,000 for park purposes.
Buffalo, N. Y.— Bonds Authorized.— The issuance of $25,575 42 3%% grade crossing bonds and $7,959 58 3%^ bonds for
the completion of the subway has been authorized. These
bonds will be dated Feb. 1, 1902, and will mature in twenty
years. The date for their sale has not yet been fixed.
Burwell, Barfield County, Neb.— Bonds Voted,— The elec
tion held January 14 resulted in favor of issuing $4,000 6#
water bonds. Securities will mature in 1923, subject'to call
after five years
Cambridge, Minn.— Bond Sale.— On January 14 the $6,500
20-year coupon waterw orks bonds were awaided to Hans
Engberg of Cambridge at par for 4% per cents. Following are
the b id s:
For 4J4 P er Cents.
Hans Engberg, Cambridge___16,600 00
Kane * Co.. M inneapolis....... 6,625 00
F or 5 P er Cents.
Stoddard, Nye & Co., Minn’lis. 6,666 00
For 6 P er Cents ( ContO
Thompson, Tenney & Craw
ford Co., Chicago.....................$6,525 00
Minn. L ’n & Tr. Co., Minn’lis.. 6,526 00
For description of bonds see Chronicle Dec. 21, p. 1325,
Caroline (Town), Tompkins County, N. Y —Note Issue.—
W e are advised by Frank A . Snow, Supervisor, that ar
rangements have been made with the Ithaca Savings BaDk
of Ithaca for a loan of $6,000, evidenced by 4% town bridge
notes.
Securities will mature $2,000 yearly, beginning
March 1,1903.
Casgelton, N. Dak.—Bond Offering.— Proposals will be re
ceived until 7 p. M., January 30, by E. G. Guthrie, City
Auditor, for $5,000
15-year bonds. Securities are in
denomination of $1,000, dated Uct. 1, 1901. Interest will be
payable semi-annually at the First National Bank of Casselton. Bids must be for tbe entire iesue, and must be accom
panied by a certified cheek for 2% of the amount bid, payable
to J. L. Gunkel, City Treasurer.
Chester, Howard Connty, Iowa.—Bond Sale.— The $3,COO
5-20-year (optional) water-works bonds offered for sale early
in December were awarded on Jan. 1, 1902, to Robert
Thompson of Cresco at par for 5 per cents.
Chicago (111.) Sanitary District.— No Bids Received.— No
bids were received on January 22 for the $2,000,000 3%% 1 20
year (serial) bonds offered for sale on that day.
Chicopee, Mass .—Bonds Proposed.— The Board of Aidermen hss passed an order giving the Mayor authority to seek
permission of the State Legislature to isBue $81,000 ref and
ing bonds.
Clark County, Ind .—Bond Sale.— This county has sold at
private sale an issue of $45,000
road bonds. Securities
were authorized at an election held Ja^-nary 14 by a major
ity of 226, Principal will be divided^.nto forty series, one
of which w i'l mature each six months, beginning May 15,
1903,
b
j
>
Colorado City (Colo.) School District.—Bonds V o te d .-
223
Hoard of Education, must accompany bids. J. A . W illiam s
is Clerk of the district.
Corinth, Washington County, N. Y.— Bond Bill Passe*
Legislature.— The State Legislature has passed a bill legal
izing the issuance of $44,000 water bonds for this village.
Cortlandvllle, N. Y.— Bonds Authorized.— This town has
authority to issue $8,000 bridge and highway-repair bonds.
Cuyahoga Connty ( P. O. Cleveland), Ohio.— Bonds to be
Certified to as to Genuineness.— W e are advised that the
$1,000,000 4£ court-house bonds, the sale of which is adver
tised to take place on January 29, will be certified to as to
genuineness by the United States Mortgage & Trust Co.,
New York City. For full description of bonds and terms of
sale see Chronicle Jan. 11, p. 111.
Dallas, Texas.— Bonds Voted.— The election held Jan. 14
to vote on the issuance of $50,000 water-works-improvement
bonds resulted in favor of the proposition.
Dayton, Ohio.—Rond Offering.— Proposals will be received
until 12 M., February 11, by Robert H . Ferguson, City Comp
troller, for $20,000 3%$ street paviDg bonds. Securities are
in denomination of $1,000, dated March 1, 1902. Interest
will be payable semi-annually in New York City. Principal
will mature March 1, 1940. \ certified check on a national
bank for 5$ of the g w
aount of bonds, payable to the
City Comptroller, mtib.
company proposals.
Detroit, Mich.— Bond Offering.— Proposals will be received
until 11 a . m ., February 3, by F, A . Blades, City Comptrol
ler, for $100,000 3%% park and boulevard bonds. Securities
are in denomination of $1,000, dated Feb. 15, 1902. Interest
will be payable semi-annually at the office of the City Treas
urer or at the current official bank in New York City.
Principal will mature Feb. 15, 1932. These bonds are ex
empt from city taxation. A deposit of $2,000 in money or a
certified check on a national or state bank in Detroit, pay
able to the city of Detroit, must accompany proposals.
Donora (P a .) School D istrict.— Bond Election.— On Feb.
18 this district will vote on the issuing of $40,000 bonds.
Dover, N. J.— Votes to Purchase Water Plant.— This place
has voted to buy the plant of the Dover W ater Co. for the
sum of $70,000. The vote was 314 for to 23 against.
Duval Connty (P , 0 . Jacksonville), F la .— Bond Offering.
— Proposals will be received until 12 m ., February 8, by W .
B. Barnett, at the National Bank of Jacksonville, for $100,000 5% 15-30-year (optional) court-house and jail bonds. Fifty
bonds are in denomination of $1,000 and one hundred of $500
each. Proposals are asked for based on the following propo
sitions :
First—For the whole issue, to be delivered Feb. 25, 1902.
Second—For the sale and delivery of bonds in amounts of *26,0C0 on Febru
ary 25. March 25. April 25 and May 26. 1902.
Third—For any amount of said bonds desired by bidder, to be delivered F e b ,
26,1902.
Bonds will be dated when delivered and the interest w ill
be payable semi- annually.
East Des Moines (Io w a ) School D istrict.— Bond Sale.—
On January 6 $77,500 H 5-10-year (optional) school bonds
were awarded to Geo. M . Bechtel & Co. of Davenport.
Eureka, Cal.— Bonds Voted.— This place has voted to issue
$85,000 sewer and $30,000 school bonds, but defeated a prop
osition to issue $125,000 water bonds. The interest rate on
the bonds voted will probably be 4.%%. Arrangements have
not yet been made for the sale of these bonds.
Everett, Mass.— Loan Authorized.— The Treasurer has
been authorized by the Board of Aldermen to borrow $250,000 in anticipation of the collection of taxes.
F arm ersville, Texas.— Bonds Approved and Registered,—
The State Attorney-General has approved and the Comp
troller registered an issue of $12,000 water-works bonds of
this city.
Frankfort, N. Y .—Bond Bill in Legislature.— The Legist
lature is considering a bill legalizing a special election in
this town held for the purposeof authorizing $18,000electriclight bonds.
Balveston County, Texas.— Description o f Bonds.— W o
are in receipt of a circular describing three issues of bonds
proposed to be put out by this county under the authority o f
an A ct of the State Legislature approved Sept. 6,1901. The
bonds are as follows :
$75,000
10-40-year (optional) bonds to refund $75,000 f 56 bonds maturingMay 1,1902. New bonds will be in denomination of $l,U0o.
100.000 4* lu-40- year (optional) Galveston County general funding scrip bonds.
to be issued for tbe purpose of compromising outstanding indebted
ness, evidenced by scrip. Five hundred bonds are in denomination of
$100 and one hundred of $500 each, all dated Dec. 10,1901.
100.000 4% 10-40 year (optional) “ Galveston County Road and Bridge 8crip
Funding bonds,” issued for compromising and selling the out
standing scrip of tbe county against the road and Ibridge fund. Five
hundred bonds are in denomination of $100 and one hundred of $ 6 0 0
each, all dated Dee. 10,1901.
A ll the above bonds will carry coupons ("payable April 10
and October 10 at the office of the State Treasurer in Austin,
in New York City or at the office of the County Treasurer,
at the option of the holder. James S. W aters is the County
Treasurer.
Boldsboro, N. C.— Bond Sale.— On January 15 the $25,000
20-year electric light bonds, the $15,000 4 ^ 30-vear cityhall and market-house bonds, the $20,000 4J^% 30-year streetimprovement bonds, and also $50,000 water bonds not here
tofore advertised for sale—an aggregate of $110,000 bonds—
were awarded to Rudolph Kleybolte & Co., Cincinnati, at
108’145. Following are the bids :
This district has voted to issue $45,000 4 ^ 5 15-year (op
tional) gold school-house and site bonds. These bonds will
be dated about April 1, 1902, and the interest will be pay
able semi-annually. The date for their sale has not yet been
determined, but will probably be about February 1.
Colnmhns (Ohio) School D istrict.— Bond Offering.— Pro
posals will be received until 12 m . , February 10, by the
Finance Committee of the Board of Education, for $65,000
20-year school bonds. Securities are in denomination
of $1,000, dated March 1, 1902. Interest will be payable
semi-annually at tbe National Park Bank, New York City. R. Kleybolte * Co., Cincin..$!13.4fln 00 ] Roby Robinson, Atlanta......*112.055 0©
Holzman & Co.,Cin. 118,44500 F. M. Stafford * Co.. Cbuttn. 111,122 00
Bonds are issued by virtue of Section 3994, Revised Statutes Feder,
F. R. Fulton & Co., Chicago. 113,( 02 60 I New lstN ut. B’k,Columbus,
of Ohio. Proposals must be made on blank forms furnished Seasongood * M ayer,Cln... 112.66000 I (for $80,| 00) ........................ 60,25500
by the Board of Education, and conditional bids will not be
For description of bonds advertised, see Chronicle Dec. 28,
considered. A certified check for $1,000, payable to the p. 1372.
THE
T 11
C H R O N IC L E ,
G loucester, Mass.— Bonds Proposed.— The Alderm en have
adopted a resolution to petition the State Legislature for
authority to issue $100,000 street-im provem ent bonds,
fcrilitia , Ga,—-Bond Election Proposed,— W e are advised
th a!: the last session of the State Legislature authorized the
issuance o f sewer bonds, and that the City Attorney is now
at work preparing a bill to be submitted to a vote o f the
people in order that their desires in the m atter may be aacer
tains I,
Gueydau (L a .) Levee D istrict.— Bond Offering.—Proposals
will be received until 13 u ,, M arch 1, by W . D. Spencer,
President, for $50,000 5i drainage bonds. Securities are in
denom ination o f $500, dated April 1, 1902 Interest w ill be
payable annually. Principal will mature w ithin 08 years,
A certified check for 5% will be required with bids.
G u ild e rla u d (N . Y .) Union Free School District No.
Bond Bill Pastes Legislature ,—An A ot legalizing $15,000
bonds o f this district elated Nov. 1, 1901, has passed the State
Legislature and has been signed by the G overnor. This ia
the first bill of the present session to meet with E xecutive
approval, and will be known as Chapter 1, Law s o f 1902.
H a m ilton , Ont.— Bonds Voted and Provided F or. —This
city has voted to issue $81,000 3%% gold sewer bonds. W e
are advised that these bonds will not be put out until A pril
and w ill then betaken by the Sinking Fund as an invf s'merit,
H arm ony, M In a.— Bond Offering,— Proposals w ill be re
ceived by the V illage Council at the office of Ole Larson,
V illage Recorder, until 2 p . m ., February 20, for $9,000 H
w ater-works bonds. Securities w ill be dated A pril 1, 1902.
Interest w ill be payable April 1 and Oct. 1 at H arm ony. Prin
cipal w ill mature $500 yearly on A pril 1 from 1904 to 1921, in
clusive.
Proposals must be accom panied by a certified
check for $300, made payable to the V illage Treasurer, and
the successful bidder w ill be obliged to furnish blank bonds
w ith coupons attached. A ll bidders are required to satisfy
themselves as to the legality o f the issue prior to the sale.
H enry C ounty, Ya.—Ponds Voted.—This county has voted
to issue $50,000
30-year bonds in aid of the M ount Rogers
& E istern Railroad.
H olyok e, Mass.— Bonds P roposed .—It is said that the Park
Commissioners in their annual report w ill recom m end a loan
o f $50,000 fo r park purposes.
NEW
LOANS,
County of Dutchess, N. Y.
$175,000
COURT HOUSE AND J A IL BONDS.
$ 6 5,0 0 0
COUNTY HOUSE BONDS.
Sealed proposals will be received by the Chairman
o f th e Board o f Supervisors on or before the 29T H
D A T OF J A N U A R Y , 1902, at one o’ clock P.M .. at
which tim e th e bids will be opened at the Court
H o u se in Poughkeepsie, N . Y .. for the purchase of
$210,000 o f the bonds of said County, to be issued in
any denom ination desired by th e bidder, and to bear
interest from January 2, 1902, at $}*>% per annum,
payable semi-annually, th e principal to come due as
fo llo w s: Of the Court H ouse and Jail Bonds in an
nual instalm ents o f $6,000 each year for tw enty-nine
years, and $l,0o0 in thirty years; th e County H ouse
Bonds in annual instalm ents o f $2,500 each yesr for
tw enty-six years. The purchase price to be paid and
th e bonds delivered on the 18th day o f February,
1902, at th e B,tnkiDg H ouse o f the Poughkeepsie
Trust Company, Poughkeepsie, N . Y ., at 1 o'clock
P. M . on that day.
Such bonds are to be registered with the County
Cierk of ta e County of Dutchess.
Each proposal m ust be aee< mpanied by a deposit
of 6% o f the bid either in cash or certified check, to
th e order o f Jam es H . Kipp, Chairman, for which his
receipt, will be given.
Purchasers will be required to pay in addition to
the am ount o f the bid accrued interest fr.om Janu
ary 2 . 1902, to da c o f payment.
T he right is reserved to reject any or all bids and
no conditional bid will be received.
Proposals should be addressed to Jam es H. Kipp,
Chairman, Poughkeepsie, N. Y ., care o f C. W . H .
Arnold, Counsel of Building Com m ittee, and marked
“ Proposals for Bonds.”
I f further information is desired address Com
m ittee's Counsel.
D ated, January 7,1902.
J A M E S H . K IP P .
R E G IN A L D W . R IV E S ,
J. W . D E L A M A T E R .
M IL E S K . L E W I S ,
E. L. W IN A N S ,
Committee Court H ouse and Jaii.
J A M E S H . K IP P
S T E P H E N R O BIN SO N ,
H FREM ONT V A N D B W A T E R ,
G EO R G E A K IN N E Y ,
FRANK FOWLER,
Comm ittee on County H ouse.
C. W . H , A R N O L D , Counsel,
Poughkeepsie, N. Y .
M A S O N , L E W IS
& CO.
NEW
M U N IC IP A L
RAILROAD
CORPORATION
BOSTON,
6 0 D e v o n s h i r e S t,
BONDS*
C h o ic e I s s u e s ,
Street Railway and Has Companies,
L I S T ON A P P L I C A T I O N .
Loan A uthorized.— The Board o f A lderm en has author
ized the City Treasurer to borrow m oney to the extent of
$500,000 in anticipation o f the collection o f taxes.
Hughes County, S. Dak.— Band# N o t Sold.— W e are a d
vised that as no uncpnditional bids were received on Jan. 7
for the $00,000 4$ refunding bonds, a description o f w hich
was given in the C h r o n i c l e o f Dec. 21, 1901, page 1327, the
securities were not sold.
Jersey Shore, P a.—Bond Sale.— On January 15 the $11,000
10-80-year (optional) im provem ent and $3,500
10
8 j year (optional) refunding b o n d s were awarded to Mason,
Lew is & Go., Chicago, at 10045—an interest basis o f about
8-447# if b o n d s are called at their optional date and 3*476# if
allowed to run their fu ll time. F ollow in g are the bids :
Pick Bros. &Oo„ Philadelphia.100-275
Jersey Shore Banking C o.......... lOO-Oo
W e st Branch Castle K. G. B
(for $2,0 0 0 ) .................................. .100*00
Mason. Lewis & C o .,C h ic a g o .... 100-45
J. C, H erd (for $6001......................101"7o
Odd Fellow s’ Lodge No. 101 (for
* 1 ,0 0 0 ; ............................................... 1 0 1 - 6 0
F or description o f bonds see C hronicle Jan. 4, p. 58.
L a w ren ceb u rg, In d .—Bonds to he Issued,— This city, it is
stated, w ill issue about $3,000 5# im provem ent bonds.
L iberty, M o.—Bond* Voted.—This city on January 14 au
thorized by a vote o f 418 to 68 the issuance o f $43,000 water
works bonds. These bonds w ill carry interest at a rate not
exceeding 5#, payable semi annually at the U nion National
Bank o f Kansas City. Principal will mature in twenty years.
Tne payment o f one-fourth o f the bonds, how ever, w ill be
optional after five years and not exceeding $3,000 yearly after
that date.
Madison, Lac Qal Parle County, M inn.— Bond S a l e .— On
January 15 the $10,000 5# 20 year city-hall and ja il bonds
were awarded to Stoddard, N ye & C o., Minneapolis, at 107—
an interest basis o f about 4-468#. F or description o f bonds
see C h r o n i c l e Jan. 4 , p . 59.
Maine (T ow n) High School D istrict (P . 0 . Des P lain es),
111.—Bonds
Voted—Bond Offering.— This district has recent
ly voted to issue $15,000 5# bonds. These bonds w ill mature
$1,000 on N ov. 30, 1903, and $2,000 yearly on N ovem ber 30
from 1904 to 1910, inclusive. The district has no indebted
ness, and the assessed valuation is placed at $860,000. W e
are advised by C. A. Earle, President o f the district, that it
is their desire to sell the bonds at once.
LOANS.
IN V E S T M E N T S .
BOND C A L L .
City of Minneapolis, Minn.
TO W H O M IT M A Y CONCERN:
Notice is hereby given that pursuant to resolution
duly adopted by the City Council o f the City o f Min
neapolis, on th e 13th day o f December, A . D. 1901,
the said City o f Minneapolis will, on the f i r s t d a y
o C A p r i l , A . I ) , 1 9 0 2 , exercise its right and op
tion to pay, and will pay, all those certain outstand
ing bonds o f th e City o f Minneapolis, issued and
sold pursuant to a resolution adopted by the City
Council on February 15, 1382, approved February20,
1882, to the amount of $366,000, numbered consecu
tively from 6 0 4 to 9 0 9 . both Nos. inclusive, bear
ing date A p r i l 1 . I S S 'Z , in denominations of $ 1 ,0 0 0
each, bearing interest at 41s per cent per annum, and
payable at the option of the City of Minneapolis at
any tim e a l t e r
y e a r s an d n o t lo n g e r th a n
3 0 y e a r s f r o m t h e d a t e o i t h e i r I s s u e , which
said bonds are hereby called in, and th e holders
thereof are hereby notified and required to present
the said bonds for payment to th e United States
Mortgage A Trust Co., 59 Cedar Street, in the City Of
New Y ork, N. Y., on the said 1st day o f April. A . D.
1902, at which tim e said bonds and each thereof will
cease to bear interest.
J O S H U A RO G ERS,
City Comptroller.
Perry, Coffin & Burr,
INVESTM ENT BONDS.
6© State Street,
B O STO N .
MUNICIPAL
AND
Public Service Corporation
BONDS.
E. H . R O L L IN S & S O N S
BANKERS,
C H IC A G O ,
E tte n a d n o c k B u i l d i n g :,
[V o l . L X X IV ,
B O STO M .
D e n v e r,
S an F r a n c is c o .
$ 150,000
M ARION
L IG H T
& H E A T IN G
CO.
5% F ir s t M o r t g a g e B o n d s .
T O T A L IS S U E , $150,000.
M aturing sem i-annually In 10 years.
N e t earnings, $35,500, on Electric L igh t Plants.
N ew H e a tin g P la n t recently put in operation.
City o f M arlon, Indiana, population, 22,000.
W rite for Prospectus.
J. F .
W IL D
A
C O ., B a n k e r s ,
I n d ia n a p o lis , I n d .
5%
A
BOMBS
S P E C IA L T Y .
EDW. C. JO N E S & CO .,
NEW YO K E,
1 N A S S A U STREET
P H IL A D E L P H IA ,
-
-
1 12 SO. F O U R T H S T R E E T
INVESTMENT BONDS.
SEND FOR LIST.
D E N IS O N , P R IO R & O O .
CLEVELAN D .
BOSTON.
M U N ICIPAL BONDS.
E . C . STA N W O O D & C o ..
H A N K E R S.
121 Devonshire Street.
BO STO N .
Blodget, Merritt 6c Go.,
C . D . K N A P P , J R ., & C O .,
BANKERS,
BANKERS and
16 Congress Street, Boston.
D e a le r s i n I n v e s t m e n t S e c u r it ie s ,
31 Nassau Street,
NEW YORK. CITY.
153 La Salle Street,
CHICAGO,
1 5 W a l l H ir e o t . S e w Y o r k .
STATE, CITY A R A ILR O AD
BONDS.
THE
J anuary 25, 1002.]
CHRONICLE
Malden, Mass.—Loan Authorized.— A loan of $400,000 in
anticipation of tbe collection of taxes hg,s been authorized by
the City Council.
Marlon, Marion County,'Ohio.— Bond Sale.— On January
10 the five issues of bonds offered for sale were awarded as
follows:
$7,000 4 ! ^ sidewalk bonds to tho Cit.v National Hank of Marlon at 101 IUK.
8,125 4%i. Greenwood St. bonds to W . .1 Hayes & Sons. Cleveland, at 1(Willi.
7,776 <04% Prospect St. bonds to W . J. Hayes A Sons, Cleveland, at iiWOb.
<1,800 l%% Olney Ave. bonds to W . .1. Hayes A Sons. Cleveland, iu 101 OH.
8,000
street bonds (city’s portion) to SeasonKOod & Major, Cincinnati, at
102-572.
Bids were also received from the following : P. S. Briggs
& Co., Cincinnati; City Deposit Bank of Columbus; Denison,
Prior & Co., Cleveland; New First National Bank of Colum
bus; The Lamprecht Bros. Co., Cleveland,] and the State
Savings Bank of Toledo. For description of bonds see
Chronicle Dec. 28, p. 1373.
Minnesota.—School Loans.— The St. Paul “ Pioneer-Press”
states that the following loans were made to school districts
by the State Board of Investment on January 14 : Aitkin
County, No. 40, $400; Chippewa, No. 76, $450; Faribault,
No. 109, $300; Kanabec, No. 32, $550; Lyon. No. 45, $600;
Marshall, N o, 39, *$200; Martin, N o. 119* $750; Mille Lac,
No. 15, $800; Polk, No. 260, $500; Kedwood, No. 30. $2,400;
Pope, No. 93, $900; Todd, N o. 186, $600; W righ t, No. 135,
$700.
Monroe, Mich.— Bond Sale.— The Common Council on
January 14 sold an issue of $5,000 H 13-year emergency bonds
to local bankers at 102 70.
Montgomery, Ala.—Bids,— Following are the bids received
Jan. 20 for the $75,000
40-year bonds :
A . M. Baldwin, Montgomery. 175,877 50 I New 1st Nat. Bank.Columbus.$75,000 00
Feder, Holzman & Co.. Cin.... 75,103 70 S. A . Kean, Chicago................. 74,250 00
W . II. Todd & Co.. Cincin.... 76,001 60 I
Action on awarding the bonds was postponed.
Montrose County, Colo.— Bond Sale.—This county on Jan
uary 7 sold at par to Dube M. Farson, Chicago, an issue of
$121,000 5g 10-20-year (optional) refunding bonds. Securities
are in denomination ot $1,000, dated Feb. 1, 1902. Interest
will be payable semi annually.
Moorhead, Minn.— Temporary Loan.— Thi< city on Jan, 20
awarded at par a loan of $2,900 as follows : $1,000 to W . H.
____ I N V E S T M E N T S .
225
Davy and $1,900 to the Moorhead National Bank. Loan
carries 6# interest and will mature Aug. 1, 1902.
Newark, Ohio.— Bond Offering.—Proposals will be received
until 12 m ., February 10, by F. T. Maurath, City Ch-rk, for
$40,572 \% bonds. Securities are in denomination of $1,000
except one bond, which will be for $572, and all are Hated
Dec. 1, 1901. Interest will be payable semi-annually. P rin
cipal will mature on December 1 as follows :
*211.000 4% bond*, maturing yearly on December J, 13,000 In 11107, $7,000 In 1908,
$5,000 in 190W. *7,000 in line and *7,000 In 1911.
4,672 4* street bonds. m aturing 1(4,000 on Dec. 1. 1906, and 1672 on Dee. 1,
1907.
7,000 4% nmall-pox-epldomlc bonds, maturing 18,000 on Dee. 1,1908; $8,000
Dec. 1,1904, and *1,000 Dec. l, 1906.
A ll bids must be unconditional and must be accompanied
by a deposit of $1,000 or a certified check for that amount.
Accrued interest must be paid by purchaser.
New H artford, Oneida County, N. Y.— Bond Offering.—
Proposals will be received^until 8 P. m , January 28, by Rich
ard R. Davis, President of the Village Trustees at No. 1
Charlotte Street, Utica, N . Y ., for $20,000 sewer bonds. S e
curities are in denomination of $800, and will mature in from
five to thirty years. They will be sold to the person who
will take them at the lowest rate of interest. The village
has no bonded or floating debt and the assessed valuation is
placed at $400,000.
New Haven, Conn.— Temporary Loan.— This city has bor
rowed temporarily from Boston investors the sum of $50,000
at 3 45$.
Newton, M ass.— Bond Offering.— Proposals will be re
ceived until 3 P. M , January 27, by Seth A . Ranlett, City
Treasurer, for $70,000 %%% Aah Street school bonds and
$141,000 %%% Mason Street school bonds. Securities will be
issued as coupon bonds in denomination of $1,000 or as reg
istered certificates of $1,000 or any multiple thereof, and
both issues will be dated Jan. 1, 1902. Interest will be pay
able semi-annually at the office of t]je City Treasurer or at
the National Bank of Redemption, Boston. Principal will
mature Jan. 1, 1922. Accrued interest is to be paid by pur
chaser.
Newton County (P . 0 . K en tlan d), In d .—Bond Sale.— An
issue of $36,400
Beaver Township road bonds has been
awarded to W . J. Hayes & Sons, Cleveland, at 10l-051.
I N V E S T M E N T S.
IN V E S T M E N T S .
N. W . HARRIS & CO.,
Geo. D. Cook Company,
INVESTMENT SEC U RITIES .
238-240 La 8alle Street,
SEND FOR LIST
B A N K E R S ,
3 1 N A S S A U S T ., N E W Y O R K .
Jan uary Investm ents.
CHICAGO.
M UNICIPAL, R AILR O AD AN D CORPORATION
BONDS.
CH ICAG O.
F A R S O N , L E A C H & CO.,
N. T. Office, 1442 Broad-Exchange Bldg.
C H IC A G O .
NEW Y O R K .
T . B. P O T T E R ,
MUNICIPAL and
CORPORATION
L IS T
-
BONDS,
OH
-
-
W E O F F E R . TO Y IE L D
TAX-EXEMPT
A B O U T S*,
8300,000
5^ P re fe rre d S tock
(T o t a l I s s u e , $ 1 ,0 0 0 ,0 0 0 )
IL L S .
A P P L IC A T IO N .
MUNICIPAL and
CORPORATION
B u tte E le c tric & P o w er Oo.
5
per
1 N A S S A U S T .. N E W
W e o ile r a lim it e d n u m b e r o f s h a r e s a t
p a r an d a ccru e d In te re st.
D e t a ile d in fo r
m a tio n o n a p p lic a t io n .
Y O R K C IT Y .
Circulars.
MacDonald, McCoy & Co.,
AND CORPORATION
F. R . F U L T O N & C O ., C. H. W H I T E
M
171
BONDS.
171 La Salle Street, Chicago.
J. Arnold Scudder& Company ag
B O N D S .
47 Borden Block, Chicago.
unicipal
LA
I I I G I I - G R A I>JR B O N U S .
<|h*
A r t ' A f t n ft L o l d 5#.
HARRY If. POWELL <fe CO.,
W o o d n lo c k , V e rm o n t.
SALLE
STREET,
CS MOJ R D A G E j_
a i jJSS SPECIALTIES. I
*
g
h
THE AMERICAN
MANUFACTURING
COMPANY.
63 W A L L S T R E E T , N E W TOME.
T1
Broadway,
-
Mew York.
W e o w n a n d o ffe r
TRANSMISSION ROPE.
W
& CO.,
BANKERS.
B onds,
CHICAGO.
A D L D
L A E
l>ninth* iyiirio,, (liold On,
7 2 -7 4 B R O A D W A Y
Denomination, $1,000. Maturing 1 to 80 years.
115 Dearborn St., CHICAGO.
I tn M w nd, V e r m o n t,
B U IL D IN G
COMPANY,
c e n t 1 s t D lo r t t a n e S in k in g F u n d
G o ld B o n d s .
D U K E M . F A R S O N & C O . R u d o lp h K leybolte & C o.
MUNICIPAL
CENTURY
B u t te , M o n t.,
BONDS
Netting from 3 % to 6£ always on hand.
8end for our Investment
I S S U E T R A V E L E R S ’ L E T T E R S OF CREDIT
A V A I L A B L E I N A L L F A R T S OF T H E WORLD.
Quotations furnished for purchase, sale or exchange.
172 Washington Street,
C H IC A G O ,
BOSTON.
Deal exclusively In M u n icip a l,
R a ilr o a d an d other bonds adapted
for trnst fu n d s an d savin gs.
$150,000
S O CO RR O COUNTY, N. M.,
F u n d in g 5 s , d u e 2 0 » 3 0 y e a r s .
D e s c r ip tiv e C ir c u la r U pou A p p lic a tio n .
T R O W B R ID G E
F ir s t
N a tio n a l
B ank
& N IV E ll
CO.,
B u ild in g ,
C h ic a g o .
S easongood &
M ayer ,
S . W , C o r n e r T h ir d a n d W a ln u t S tre e ts.
C IN C IN N A T I, O H IO .
MUNICIPAL BONDS.
High-Grade City, County, Town and School Bonds
issued In leading prosperous States o f tho Union,
•npeolally adapted for safe and permanent. Invest
ment for Estates and Trust Funds.
TH B
226
C H R O N IC L E
New York City. Temporary Loan,— Thisjcity has bor
rowed temporarily auofcher 12,000,000 in anticipation of taxes.
This time the loan was taken by Far son, Leach & Co., New
York City, the stated rate being &%% interest.
Norfolk (T ow n ), 8 t. Lawrence County, N. X.—Description
of Bonds, The $5,000 bridge bonds which we stated in the
Ch r on icle January 11 had been sold were disposed of to
Iloyal Newton of Parisville. Securities are in denomination
of $1,000, dated Feb. 1, 1902, Interest will be at the rate of
4#, payable annually on February 1. Principal will mature
$1,000 yearly on February 1 from 1908 to 1907, inclusive.
Orange County, N. CV Bond Election Proposed,— The
County Commissioners are oomideriug the advisability of
calling an election to vote on the issuance of $20,010 road
bonds.
P aris, Ont.— Debenture Offering.— Proposals will be re
ceived until 12 m , January 87, by T. McCosh, Tow n Clerk,
for $7,000 4;f local improvement debentures. Securities are
dated Feb. 1, 1902, and the interest will be payable seiniann ually
Pasadena, Cal.— Bond Sale,—On January 20 the nine
issues of 4%bonds, aggregating $300,000, were awarded to the
Union Savings Bank of Oakland at 101'50. For full descrip
tion of bonds see C hronicle Jan. 11, p. 112,
Pioneer Irrig a tio n D istrict (P . O, C aldw ell), Idah o.—Bonds Not Sold.— A decision was not rendered as expected
on January 10 by the Supreme Court, in the suit brought to
determine the legality of the $167,555 6$ bonds, proposals
for which were asked for until January 16, and the bonds in
consequence were not sold. It is expected that the case will
come up for a hearing at an early date. For full description
of these bonds see C h r o n i c l e Dec. 28, p. 1374.
Pom eroy, Ohio.— Bond Sale.— The $4,032 07 sidewalk
bonds offered for sale on Dec. 30, 1901, were subsequently
awarded to Geo. W . Plants of Pomeroy at IOU'248 for 4 per
cents. These bonds were described in the Chronicle Dec.
14, p. 1277.
Portsm outh, Y a .—Bonds Proposed.— The Finance Com
mittee of the City Council recommends the issuance of $25,000 H 80-year Fifth W ard paving and grading bonds.
P ortlan d, Ore .—Bond Sale.— On January 13 the $50,000 6£
10-year gold street and sewer bonds were awarded $45,000 to
M IS C E LLA N E O U S ,
[Voii. LXX1V,
the United States National Bank of Portland at 104'0625 and
$5,000 to A . Tichenor at 105. Following are the bids :
United States Nat. Bank_____ 104-0836 | A. l b Mafiiliy (for *10,000............ 103-50
A. Tichenor (for *10,000)..........106'00
H. Ifi. Noble (for entire issue). . . . 102'15
T. W. Jenkins (for *8,000)...... 10360
I J. W . Carutliers (for entire tsaue)l0l'?S'
For description of bonds see C hronicle Jan. 11, p. 113.
Provo, U tah .— Bond Sale Not Yet Consummated,— The re
port that S. A . Kean of Chicago bas declined to take up the
$100,000 4% 20 year refunding bonds awarded to him several
months ago is not strictly in accordance with the facts. The
city authorities write us that the Chicago banker has not re
fused to take the bonds, but desires to have a test case
brought in the Supreme Court to determine their legality,
and this the city declines to do. The sale, therefore, has
not yet been consummated and the city is trying to break off
negotiations,
Rensselaer County (P . 0 . Troy), N. Y.—Bond Offering.—
Proposals will be received until 12 M.. January 28, by Elias
P. Mann, County Treasurer, for the following bonds :
*10,000
1-20-yeai refunding House of Industry bonds, in denomination of
*3.000.
68,500 8)6* registered toil-road bonds, all in denomination of *8,000, except
oue bond, which is fur $8,64*'. Principal will matare $3,b00 on Feb. L
'W03, and *8,000 yearly thereafter.
33,326 3RJ% regisiered Tioy Armory imnrovement bonds, in denomination or
* t ,325and sixteen of *2,0u0 each. Principal will mature *1,225 on Feb.
1. 1008, and *2,000 yearly thereafter.
Securities are all dated Feb. 1, 1902, and the interest will
be payable semi annually at the c ffice of the County Treas
urer.
R en ville County, M inn .— Loan Negotiated.— This county
has borrowed $25,000 from the Stale School Fund at 4% in
terest. Loan was negotiated for the construction of drain
age ditches and will mature in ten years.
Revere, M inn .—Bond Sale.— On January 18 the $2,000 6%
10 year bonds were awarded to F. E, Magram, St. Paul, at
103*75. Securities are in denomination of $1,000, dated Feb,
1, 1902. Interest will be payable annually.
R idgefield, C o n n .-B o n d Bote.— The $50,000 %%% 20-30year (optional) gold sewer bonds offered on January 18 were
sold at private sale on January 20 to Jose, Parker & Co,, Bos
ton, at 101 and interest. For description of bonds see C h r o n
i c l e Jan. 11, p. 113.
Riverside School D istrict, Riverside County, Cal.—
Bonds Voted.— This district recently authorized, by a vote
M IS C E L L A N E O US.
M ISC ELLA N EO U S.
J. G. W H IT E & CO.,
Engineers, Contractors,
W E OFFER,
SUBJECT TO PRIOR SALE
CHOICE OKLAHOMA
FIRST MORTGAGES T H E A U D IT COM PANY
•b Improved farms, worth from 2% to 5 time*
the amount loaned thereon,
OF N E W YORK.
Netting the investor
6 per cent Interest,
Kaoh of the eeeuritles has been personally ex
amlned by one of our salaried examiners.
Writ© for our latest offering.
Physical and Accounting:
Exam inations.
2 9 B R O A D W A Y , N. Y.
Investigations and Reports ora
Electric Railway, Gas, Electric
Light, and Power Transmission
Properties for Financial Insti
tutions and Investors.
ESeetrlc Railways, Electric
Electric Power Plants
Designed and Built.
LONDON CO R R ESPO N D EN TS:
J . <5. W H I T E <Ss C O ., L im it e d ,
3 3 a College H ill, Cannon Street.
Audit® and Appraisals w ith
Certificates.
W IN N E & W IN N E ,
Winn® Building,
Wichita, Kansas. Queen Building,
M ention this paver.
MEW YORK.
SECURE SANK VAULTS.
HASKINS & SELLS,
Certified Public Accountants,
30 BROAD ST., NEW YORK,
N. Y. Ufa Building,
CHICAGO,
3 0 4 Dearborn St.,
C H ICAG O, IE E .
WM.
f e
GENUINE
Kent Ave. Heap and Hooper Sts.,
SB# Man’f ’ ers in the U. S. B R O O K L Y N . N .Y
Hi iWOUNTAGUI ViCKJERiT
IS Well Street, * N«w York.
IN V E S T M E N T
W I9B X S T
BROKER*
&MJLDX RAXI jROJUD
BONDS.
A. G. Becker & Co.,
[ m C O K P O R A T S D .i
C O M M E R C IA L P A P E R ,
8. W, €er. Monroe & ha Salle Sts., Chicago,
30
C o le m a n
S t ..
L O N D O N , K, C,
FR ANKLIN HALL,
Accountant,
U
*
MASS.
Boofes audited. Examinations and Investiga
tions conducted with the utmost
eare and efficiency.
WELDED CHROME STEEL AND XRO®
Round and Elat Bars and 6-ply Plates and Angle*
FOR SAFES, V A U L T S, &C.
Cannot be Sawed, Cut, or drilled, and positively
Burglar Proof.
C H R O M E S T R E E W O R M .® ,
Light ands
Financed
JA M E S
PARK,
Public A ccountant
A uditor,
ASSETS
52
REALIZATION CO.,
D. A. KEISTER & CO.,
Broadway,
-
P ublic A ccountants
Ashland Block, C hicago,
SIS Walnut St., Philadelphia
Will buy tit© assets ol estates
In process of liquidation, a n y
where In the United States.
60
WALL
STREET,
and
New York.
and
A uditors,
NEW
YORK*
Patterson, Teele k Dennis,
C E R T IF IE D I’ U K l.IC ACCOUNTANTS.
New Y »r k .
SO B ro ttd S t r e e t ,
M .G . H A H N , B O N D S ,
B r o k e r lu I n v e s t m e n t S e c u r i t ie s ,
10 W A L L S T R E E T
NEW YOR K.
THE CHRONICLE
J a n u a r y 25, 1902.]
o f 80 to 2, the issuance o f $7,000 i% 7-yoar (average) highschool bonds. The date fo r the sale o f these bonds has not
yet been fixed.
R och ester, N. Y —Bond Sale.—On January 22 the $150,000
5-10-year (optional) registered high school bonds dated
Jan. 1,1902, w ere a warded ,to L adenbarg, Thalm ann & Co.,
N ew Y ork C ity, at 101*43—an interest basis o f about 8-19* if
bonds are called at their optional date and 8*331^ if allow ed
to run their fu ll tim e. F o llo w in g are the bids ;
Allen, Sum! & Co.. N. Y......$161,615 00
New York.......... ............ ,$158,U5 00 Denison, Prior & Co.. Clove. 161,21675
2,U0 0<)| Blodget, Merrilt &Co., Host. 161,066 00
Binghamton Sav. Bunk. .. . 1&
Parkinson * Burr, Boston. . 162,004 00 |W. j . Haves ASons.Cleve... 15l,or»O00
N. W. Harris & Co.. N. Y... . 151,646 50 I Monroe Co. Sav. B’k,Rooti.. 150,750 00
Lafienburj-,Thftlm nnn& Co.
F or description o f bonds see C h r o n i c l e Jan. 18, p. 168.
R ock la n d , Me .—Bond Sale.— On January 22 the $35,000
3 J 0 15-year bonds, dated Feb. 1, 1902, w ere awarded to
Maynard S. Bird of R ocklan d at 103*915—an interest basis o f
about 3*17$. F ollow in g are the bids :
M. S. Bird, RocklttU....d........ ,108*915
a . Jones, R ockla n d
....... .102-81)
K. H. Rollins A Sons. Boston, .102-97
M. F. Skinner & Co.. Boston.. 102937
E. H. Gay A Co., Boston......... ,102-93
N. W. Harris & Co.. Boston...... 102-33
Farson, Leach & Co., New York.102'07
Denison, Prior & Co., Boston...10197
Farmington Sav. Bank..............101*18
E.
F or description o f bonds see Chronicle Jan. 4, p. 59.
St, P a u l, Minn.— Tax Levy Certificates Sold.— On Jan. 15
this citv sold $425,000 1% ta x -lev y certificates to som e tw o
hundred and sixty-five loca l investors. Securities are dated
Jan. 15, 1902, and w ill m ature June 15, 1903. Interest will
be payable sem i-annually.
S an born C oun ty (P . O. W o o n s o c k e t), S. D a k .—Bond
Election.—The C ounty Com m issioners have decided to su b
m it to a vote o f the people the question o f issuing $25,000
court-house bonds.
S eattle, W ash .—Bond Issue .—The issuance o f $47,392 24
6% bonds o f L oca l Im provem ent D istrict No. 390 has been
authorized. These bonds, we are advised, are issued fo r the
im provem ent o f streets under special con tract and are p a y
able only ou t o f funds d erived fro m the d istrict im proved
and are n ot a part o f the general debt o f the city . B onds o f
this nature are alw ays delivered to the con tractors fo r the
w ork at par.
S eym ou r (T e x a s ) S ch o o l D is t r ic t .—Bond Sale,— The $20,000 4% 5-20-year (optional) bonds m entioned in the C h ronicle
227
Jan. 11, 1902, and N ov. 28, 1901, have been sold to the State
Permanent School Fund at par. Bonds|are dated O ct. 8,1901.
Shandaken (Town), Ulster County, N. Y.—Bond S a le .—
On January 21 the three issues o f 4% bonds, a ggregatin g
$39,000, with an average m aturity o f 9 ^ years, were a w ard
ed to the R ondout Savings Bank o f K ingston at 103*81—an
interest basis o f about 3 -5255S. F or fu ll description o f bonds
see C hronicle Jan. 18, p. 169.
Shelburne Falls, Mass.—Bonds Proposed.— A bill b efore
the State Legislature provides for the issuance o f $10,000
80-year water bonds.
Shelby County (P. O. Sidney), O hio .- B o n d Sale.— On
January 20 the tw o issues o f 4% road-im provem en t bonds
aggregating $15,400 w ere aw arded to the Citizens’ Bank o f
Sidney at 100 032. F or fu ll description o f bonds see C h r o n
i c l e Jan. 18, p. 1G9.
Sooth Omaha, Neb.— R on d Sale.—This city has aw arded
at private sale to Spitzer & C o., T oled o, $110,880
10-year
renew al bonds at 101. These bonds are issued fo r the pur
pose o f renew ing overdue bonds on im provem ent districts,
and also such bonds as m ature in 1902. Interest w ill be
payable in January and J u ly. L ith ograph ed bonds are to be
furnished b y purchasers.
Takoma Park, Md.—Bond Sale.—T his to w n has sold an
issue o f $10,000 4% 30 year registered gold w ater bonds to the
W a sh in gton (D. C .) Loan & Trust Co. at par. Securities
are in denom ination o f $1,000, dated N ov. 1, 1901. Interest
w ill be payable M ay 1 and N ov. 1.
Tarentnm, Pa.— Bond Offering.— Proposals w ill be re
ceived until 4 p. M., F ebruary 13, b y F . A . R eady, B orou gh
Secretary, fo r $11,000 bt cou pon grading, cu rb in g and p a v
ing bonds. A certified ch eck fo r $500 m ust a ccom p an y bid.
Yonkers, N. Y.—Bond Offering.—P roposals w ill be re
ceived until 11 a . m ., F ebruary 1, b y M ichael J. W alsh,
M ayor, fo r $76,500 H assessment bonds, dated Feb. 1, 1902,
and m aturing $47,500 on Feb. 1, 1903, and $29,000 on F eb. 1,
1994; also for $80,000
redem ption bonds, dated F eb. 1,
1902, and m aturing F eb. 1, 1905,
Ypsilanti, Mich.—Bond Election.— A n election w ill be
held on January 27 to vote on the question o f issuing $6,000
4% 1 6 year (serial) bonds to purchase a site fo r a science
bu ildin g in con nection w ith the N orm al C ollege.
MISCELLANEOUS.
BANKS
FIRST NATIONAL BANK
OF
M IL W A U K E E .
C A P IT A L
.
.
.
.
S U K .jP JL .fjs A N D P R O F I T S ,
N O W
8 1 .0 0 0 ,0 0 0
8 7 0 0 ,0 0 0
-
Transacts a Genera Banking and Foreign Exchange
Balinese. Collections receive Special Attention.
OFFICERS:
9 G. BI6XLOW, Pres’t.
F. J. Kipp, Cashier.
We. B igslow v.-T>rest. T. E. C a m p . Ass’t Cashier
.
HAND-BOOK OF RAILROAD SECURITIES.
(Issued Semi-Annually in January and July toy ttoe Publishers of the
H . G. G o l l , A s s ’ t Cashier.
COMHKBCIAL AND FIN AN CIAL CHRONICLE.)
The First National Bank
CO NTENTS.
O F 8A N F R A N C IS C O , C A A .
UNITED 8TATB8 DEPOSITARY.
C a p it a l, 8 1 ,5 0 0 ,0 0 0 I S u rp ln e , 8 1 ,0 0 0 ,0 0 0
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k i s M o f p i t t , V.-Pres. J. K. M o p p i t t , Asst.Cash.
Genera] Banking Business. Accounts Solicited.
Commercial and Travelers’ Credits issued, availa
b le in all parte of the world.
Ja
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PO RTLAN D , OREGON.
ESTABLISHED IN 1859.
a
G en eral
c o t .l x o t i o n s
THE
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iv e n
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s p e c ia l
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series of years past, as well as the annual charges against Income.
HIGHEST AND LOWEST PRICES—Monthly for years 1900 and 1901 for railroad and misoel
laneous bonds and stocks.
YEARLY RANGE OF ACTIVE STOCKS—With date of highest and lowest prices made in the
years 1898,1899,1900 and 1901.
OIVIDEND8 ON RAILROAD STOCKS AND LEADING INDUSTRIAL STOCKS paid during
each of the years 1895 to 1901, inclusive.
BAN KERS.
T ra n sa ct
R E A D Y .
B u s in e s s
a t t b n t io n
P K IX
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FIN A N C IA L
R EVIEW .
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A lso a five-year m on th ly range o f S tock and Bond Q uotations.
B O U N D IN C L O T H
H O I , Y O K E . M A S H ..
A nd 150 D uane S t r e e t , N e w
THE
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THE CHRONICLE,
228
[V o l . L X X I V .
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CH ICAG O .
PHILADELPHIA.
M IL W A U K E E .
E. W. Clark & Co., Bartlett, Frazier & Co.,
BANKERS AND BROKERS,
N o, 139 S o u th F o u r t h S t.,
Oliver
P H IL A D E L P H IA .
Transact a genera) banking basmesn. Allow in
Mreal 00 deposits
STOCKS AMO BONDS,
G R A IN A ND PROVISIONS.
Exchanges, and o oa u eoiod by private wire with New
fork.
NO. 7 NEW STREET, ■ NEW YORK.
Chicago and Milwaukee.
Mem ber# o f 60s Philadelphia and New Y ork S to o l
W. fl. Uoppxm
H. 8. Hoi'Pia,
Member# of Philadelphia Stool Exchange.
Wm.
G. Hopper Sc Co,
P R IV A T E W IR E S .
B iN K E B S AND B R O K E R S ,
BARKERS AND BROKERS,
115-1 I t LA SALLE STREET,
104 SOUTH FOURTH S T R E E T ,
C H IC A G O , V U L.
R IC H M O N D .
W TNDHAM
BOLLING,
B A R K E R ARB BRO KER,
B IC H M O I1 ), V IR G IN IA .
Southern Securities,
Virginia Bonds,
Vir»inla*CaroIlna Chemical Co. stock.
Reference—Mechanics’ National Bank, New York
8c
Scott
Stringfellow ,
iv
iwnhwVw JC h i c a g o S t o c k E x c h a n g e ,
Vi oral tiers 1 fje w Y o r k (lotion E x c h a n g e
Stocks and Bonds,
‘The Eookery,”
( NEW YORK STOCK EXCHANGE.
GH.Y
CHICAGO STOCK EXCHANGE.
( CHICAGO BOARD OP TRADE
P IT T S B U RG.
Henry Sproul & Co.,
P IT T S B U R G , P A .
M EM BERS
NEW YORK
)
PHILADELPHIA f
Stock
CHICAGO
f Exchanges.
PITTSBURGAND
Detailed statistical information furnished
on Southern Railroads, State and
Municipal Securities.
N. Holmes
CORRESPONDENTS:
Bank of New York, N. B. A.
First National Bank of Philadelphia,
R IC H M O N D , V A .
Davenport
B A N K E R S
AN D
Securities.
Co.,
B R O K E R S ,
RICHMOND,
VIRGINIA.
ISTAjaidBHJD 1860.
Correspondence solicited and information fm
nlshed about 8outhem State, Municipal and R&l
road Investment Securities.
Beference—Bank of New York, N. B. A.
Richardson & Clark,
BANKERS,
§5 Exchange Street, Providence, R. I.
Transact a general banking business. Bonds
Stocks and Local Securities. Commercial Pape)
bought and sold on commission. Private wire* tc
New York, Boston and Philadelphia
J. Ransom Bridge & Co.,
B an k ers and B rok ers,
63 S T A T E S T R E E T ,
-
Sons3
P IT T S B U R G , P A .
STR EET,
Investment
Sc
BAN KERS,
Bankers uncLSrokers,
in
3
CHICAGO BOARD OF TRADE.
Lancaster & Lucke,
Dealers
C H IC A G O , I I A .
m em bers]
New Y o r k S tock E xch ange,
u e a o e r * . { N ew Y o r k C otton E x c h a n g e.
M A IN
& Co.,
Edwin L. Lobdell Sc Co. 214 N. Fourth St.
R IC H M O N D , V A .
EAST
a nd
[ C h i c a g o B o a r d of T r a d e .
BANKERS,
HOY
ST. LOUIS.
Francis,Bro.
[Mew Y o r k S t o c k E x c h a n g e ,
Members Philadelphia Stock Exchange.
Municipal, Railroad and Corporation
Herman Building, Milwaukee.
John H. McQuillen &Co A. O. Slaughter Sc Co.,
P H IL A D E L P H IA .
DEALERS IN
BONDS.
NEW YORK STOCK EXCHANGE.
CHICAGO STOCK EXCHANGE.
CHICAGO BOARD OF TRADE.
Investment# receive onr special attention. Infor
nation cheer tally furnished regarding present
holdings or proposed Investments.
Co.
&
IE V E S T M E N T B A N K E R S .
members;
S T O C K AND BOND BRO KERS,
38 South T h ird Street, Philadelphia
C. Fuller
P I T S S B U B 6 ,
PA
Whitney & Stephenson,
ISTABLISSUBD 1871.
BANKERS AND BROKERS,
N o . $ 0 9 FO U RTH A V E N U E .
Oldest Pittsburg Members N. Y. Stock Exchange.
ROBERT C. HALL,
Member Pittsburg Stock Exchange.
’Phone, S0I8 Court.
1
B a y amd
sell oa com
mission local
s c o u r It lea,
also l i s t e d
and unlisted
[securities la
all principal
markets.
S T . LOUIS.
M e m b e r * N e w Y o r k , S t.
L o u is a n d C h ic a g o
S to c k E x c h a n g e s .
P R IV A TE
W IR E S .
I
Whitaker & Company,
Successors to
W H I T A K E R <& HO BG9IAM ,
BOND A N D STOCK B R O KERS,
* 0 0 N o r t h ,F o u r t h S tre e t,
S T . L O U IS .
BALTIM O RE.
BAKER, WATTS 6c C O
BAN KER S,
®05 E . G E R M A N S T R E E T .
BALTIMORE, MD.
Dealers in Investment Securities
Mbmbbbs Baltimore Stock Extraa k «*.
Wilson, Colston
Sc
Co.,
Members of Baltimore Stock Exchange,
BANKERS,
$ 1 6 E ast B altim ore Street. Baltim ore.
Investment and Miscellaneous Securities a spec
ialty, and whole issues handled.
Exceptional facilities for dealings in all classes «f
Southern Bonds. Loans on Collateral Securities
negotiated.
Charles B. Hoblitzell & Co.,
B A N K E R S AND B R O K E R S ,
Seaboard Air Line Securities,
Southern Securities a Specialty.
Specialist in Pittsburg and Western
301 East German Street,
Pennsylvania Stocks.
Hand-book of Pittsburg Securities mailed upon
B A L T IM O R E , M ARYLAN D .
3 4 6 F o u r t h A v e ., P i t t s b u r g , P a .
application.
Ts Mellon & Sons’ Bank?
PITTSBURGH, PA.
GENERAL BANKING, COLLECTIONS,
UNDERWRITING INVESTMENT SECURITIES.
Mottu, de Witt & Co.,
Bankers and Brokers,
NORFOLK, VA.
BO STON .
MEMBERS
BOSTON STOCK EXCHANGE.
Unlisted and Outside Stocks and Bonds
A S p e cia lty .
R. T. Wilson Sc Co.,
BANKERS AND COMMISSION MERCHANTS
3 3 W a ll S tre e t. N ew Y o r k .
C IN CIN N A TI.
Irwin, Ballmann & Go.,
Brokers and D ealers In
C in c in n a t i B o n d s a n d S t o c k s
if
Sumt T h i r d » t . .
O ln c ln n a c l, O k ie .
S O U T H E R N IN VESTM EN TS.
John W. Dickey,
BROKER.
A U G U S T A , GA.
S O U T H ® U N S E IT
K I T I K I
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