Full text of Commercial and Financial Chronicle : January 4, 1902, Vol. 74, No. 1906

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[E n t e r e d

a c c o r d in g t o A c t o f C o n g r e s s , In th e y e a i

VOL. 74.

1902

b y th e W

il l ia m

B

D

a n a

C

o m p a n y

, In t h e o ffic e o f t h e L i b r a r i a n o f C o n g r e s s . ]

SATURDAY, JANUARY 4, 1902.

NO. 1906

CLEARINGS—FOR DECEMBER 1901 A ND 1900. CLEARINGS— WEEK E N D IN G DEC. 28 1901.
A L S O S I N C K J A N U A R Y 1 1901 A N D 1900.

A LSO S A M K W E E K 1900, 1899, 1898.

W , endino December 2 .
eek
8
1901.
1900.
1899.
19.
88
-------------1901.
1900.
P.O t.
1901.
1900.
P. Cent
P.Ot.
$
*
$
%
—51 980 002 6 / 975,090.276
*i
New York........... 1,187,601,10* 1,203,043.98!}
6j
90 984 2 i
5
+2*<1 88 3 7 2 1
Philadelphia.......
88.8?4 3
33
1 8 )\ 80,704.710
New York,... 0,315,773.838 5,947,134,070 +0-2 79,427,085,842 52,034,801,805
Pittsburg............
37,4C9 2 S
2 l 29+37 8 <l +25*1
0
24 974 5 ?
7 > 19 326 042
+5*4 6,475,845,176 4,077,066.900
400,182,821
Philadelphia,
17+84,502
1 ,2 5 1
7 8 .4 1*
+8*5
Baltimore......
10.835 3 5
5
14 841800
143.906,700 + 20*1 2,047,005,90b 1,615.041,693
172,791,807
Pittsburg....
5 448 ID
4 894 98(} +11*1
3uffalo..............
4 49l,16(
8 012 455
-3 * 0 1.191,858,029 1,084,240,086
97,246,544
100.249,72*
Baltimore....
2,659,601
2.078.48*J +28-C
Washington........
2,301 4 <
7
1.719 184
21,943,3“ + 2 8 -2
304,478,011 259.108,847
28,132,257
Buffalo.......
+14*1
Albany..............
2.891,13*
2,616,2 <
6
2.1 4,93
7 5
U 3 ,0B 5 ,8 ie
129,300,020
ll,8O6,60t +12*9
18,820,985
Washington..
1,978 5 /
6
2 0 .O C
,1 O 9
—8'r
Rochester...........
1 045 3 5
0
1/34 010
12,241,725 f 05*5
172,101^39 142,809,689
20,258,951
Albany....
—
0J
1,120 0 5
2
1 3 ,4 5
,3 2 .8
1 4 ,0 V
,0 8 4
Syracuse...........
883 800
10,222,491 -81
9,910,501
107,490,107
117,251,r92
Rochester.
+2 *
e
1 0 C
.4 0.00
1,364 1 5
1
1,1 2.60
8 1
Scranton......... .
838,803
01,999,998
5,071,000 f l3 * 2
5,748,976
67,590,392
Syracuse...
Wilmington........
905,07*
771 7 C +26*C
9
900 02
087 1 4
0
08,985,010
e ,204,771
57,285,203
5,737,32** +3-1
Scranton..
—
2*(
303+0C
3Inghamton........
313 00(
34 0
0 .2 C
301 500
4,285,027
52,107,698
4,117,255 4~4*1
47,778,071
Wilmington..
1 +15*4
360 0 C
0
Chester...... ........
......
308 3 C
1
231 27]
19,102,200
1,040,800
1,704,400 -7 *7
Binghamton.
20,705,800
+10’£
316,89*
Greenbburg .........
286,88c
......
30 0
1 .0 C
18,127,760
1,425,622
1,424,790 + 0*1
10,599.041
Chester......
514 0 C Not Include d In toi al.
9
V heeling, W. Ya..
V
1,509,809
1,840,28* + 10*0
19,352,161
17,672,078
Green sburg..
794 4 4 Not include d in tot al.
5
Wilkes Barre......
+0*9
7,91*3.882
041,18
0-6,572
6,824.580
Frederick....
-4£ 1,129.020.144 1,100.832,878
0
Total Middle..... 1.351,212 8 2 1,414,840,9 £
0
Total Middle 7,189,127,870 0,704,173,583 + 6 -5 89,126,121,049 30,874,432,537 +404
Boston...............
106 017,344 116.9C 51f
—9
*7 108,679 2 S 109,036 020
0
7
598,329,178 - 5 * 7 7,191,085,11( 0,180,308,447 +16-4
5.c9,537.848
Boston......
-0*1
6,789 6 C
0
0,194.700
5,820.O C
O
5 730 200
840,329,900
30,422.000 - 2*6
2^,640,400
823,289,700 +7*1 Providence........
Providence.
2,173 0 4
0
1,810.150 +20*1
2,299.5 fc
1
2 002 929
135,918,14
0,723,016 F20-4
125,974,839 +7*9 Hartford............
11,708,510
Hartford ...
1.8 8.21
3 4
1,181 4 C +33+
0
1 2< 04'
6
1,687.847
6,149,137 +-13*3
81,5*5,90b
0,980,283
New Haven
76,544,098 +80 New Haven........
1.232 4 0
7
1,103,S S +11*7
O
1.100.820
1.867 661
74,484,946
b8,898,846 + 8*1 Springfield.......
6,8-0,841 +13*9
6,085,083
8pringfleld..
1,219.170
1,050,812 +10*1
Worcester......
1,062 7 0
8
1.488.004
+-82*9
78,276,17‘
<
05,284,481 +19*9
5,066,802
0,781,986
Worcester..
13 8 0
0 ,6 4
90 0
5 .4 C
1,401 740
1,049,106 +26*2
6,592,149 ■+10*7
08,068,836
6,190,76*
56.804,478 +19*8 Portland............
Portland......
1.122,222
8*6.44£ +32*0
77 0
0 .9 1
953 147
4,913,09B +I4*k
44,916,181
6,496,000
44,3k9,980 +1*3 Fall River...........
Fall River....
+7‘C
634 8 J
8
469,48]
544.978
008,604
Lowell....... .
2,670,438 +5*1
29,927,80b
2,702,403
27,444,031 +9*0
Lowell.........
428,001
837,38
4 +2?*C
85 7
3 .4 0
428,148
24,261.056
2,735,00a —16 4
2,287,030
23.640,588 + 2*0 New Bedford......
New Bedford
289,117 +20*0
804 6 0
9
826.573
1,320,053 +■ 21*8
18,820,145
1,619,480
10,082,842 +13 9 Holvoke..............
Holyoke..
-7*7 1 *3 4 ,4 0 124 020 861
Total New Eng..
121,108 8 0 131,200 8 4
1
2
2 .0 1 8
4** 8,000,720,80* ,7,010,0U 80 +16*5
8,O
Total N. Eng 639,524,844 007,557,306 —
8
145,714,768 124 098 9 7 +17*8 115,491.671 120.122.200
717,593,242
5&9,705,08^ +T0'6 7,756,372,456 6,799,635,598 + 1 *1 Chicago..............
4
Chicago.......
+0*1
15,078,100
14,79L2 0
5
10.410 900
14,"56 000
972,502.450 795,593.750 + 22*1 Cincinnati........... .
74,430,700 +9*7
81.656.400
Cincinnati....
10,407,608
7,739 3^8 +34*5
5.750 529
6 989.113
675,486,047 427,800,393 +34*5 Detroit..............
88,350.48* +5**0
58,042,918
Detroit.......
11,724,818
0 917 272
10.2C 6 3 +14*6
9 3
8,783 1 8
0
702,958,642 505,802,280 +24*2 Cleveland...........
50,737,246 + 20*2
00,982,050
Cleveland.....
+14*3
Milwaukee...... .
5 304.409
9.014 8 1
6
0 809.807
0,062.0 S
4
327,683,76C 298,411,923 +9*8
20,OO3,99i + 20 6
81,327,728
Milwaukee....
—0
*0
6,570.700
7,054 3 0
0
4 087.800
4 940 800
339.898,200 270,278,000 +268 Columbus.... ....
26,410,300 f 89'2
36,750,900
Columbus ....
t
4 104.862
3.851 3 C +23‘>
6
2.245 618
2 712,581
200,458,331 162,512,037 +27*1 Indianapolis........
15,421,014 +37*8
21,170,059
Indianapolis.
+9+
2,138 1 2
5
1.087.003
8.334 9 1
0
1.767.445
123,215,07c
12,6^4,705
107,476,78) +14*0 Peoria............ .
10,391,841 +21*9
Peoria........
2 223 6 8
0
1,954 380 +18*6
1.851 7 3
0
1 639 527
122,156,420 110,770,638 +51 Toledo......... .
10,690.980 +14*1
12,094,719
Toledo.........
1 190 91
b
+4-8
958.685
1,184 1 6
1
886,838
6,218,800 +16*9
71,019,051
0,101,121
02,014,083 +13*4 Grand Rapid*......
Grand Rapids
+3
*8
1,170,600
004,055
1,188 6 1
8
697 201
61,889,306
5,747,504
58,744,074 +5*3 Dayton ...........
5,191,281 +10 7
Dayton.......
+10 8
744,995
810,253
40,554,506
731.716
990.759
52,331,016 —5
4,722,683 -13*9
*4 Evansville.... ......
4,000,878
Evansville__
458 3 8
0
Youngstown.......
325 880 +40*6
801 210
28.225,37a
+90*0
313,166
17,2u5,422 +36*0
1,460,721
2,780,800
Youngstown.
+8-7
437,904
476 8 2
0
306.884
350 048
27,148,79k
£
2,400,897
1 .....
23,410,596 --10*0 Springfield, 1 1
8,194,065 +9 *
Springs eld,111
—2
*7
811,109
404.471
477.191
277,006
26,190,778
2,488,4 8
28,643,254 - - 11*1 Lexington..........
2,580,467 — 8*0
Lexington....
0
304,400
302,000
440,700
492,700 —1 *5
2 ,883,901
9
23,704,400 +23*5 Akron
2,108,200 + 20*6
2.540.400
Akron..........
—4
*0
893.463
412,832
341,305
283 845
21,901,83k
2,041,092
20,4^2,007 +7*2 Kalamazoo....... .
1,817,0*0 +12*3
Kalamazoo...
387.107
899 6 0
6
329.741 +21*2
254 881
18.003,88:
1,690,850
15,805,149 +17*2 Rockford............
1,303,3*6 +20*7
Rockford.....
248 658 +20*6
10,402,744
255,105
180.218
293,128
15,400,672 +0*5 Springfield, Ohio..
1,340,705 +18’4
1,594,248
8pringfleld.__
190.834
319.760
260,489 +19*0
25 1
5,00
1,397,927 +10*6
1,024.404
17,916,538
14,327,348 +25*1 Canton..............
Canton........
—1
*0
142.200
144,023
130,105
8 673,483
7,680.444 +14*4 Jacksonville, 111...
799,007
611,14b +24*7
Jacksonville,D
-0*2
171,547
182,940
14,394,OH
11,708,900 -2 *3 Quincv..............
1,093,107
1,020,10' + 7 *6
Quincy........
2
102td-0 +30*0
18 941.00k
249,716
11,836 6 4 -2 1 filoom'ington,......
4
1,310,182
4
1,110,739 +17*4
Bloomington..
175.000
126,000 +40*0
7,075,070
0,04',4 1 +15*0 Jackson .............
9
709,412
583,816 +21 0
Jackson, Mich
03 5 2 Not include d in tot al.
5
Tot. M.West 1,009,900 346 884,814 08o +20*9 11,634,023.897 9.908.717.505 +10*4 Ann Arbor...........
Tot. Mid. West’n. 211+82.708 183 277.175 +16*7 107.890 9 0 102 564.070
7
92.439,099 M2 8 1,178,109,786 1.029.682.506 +14*4
San Francisco. 105,438,805
-0*7
15 997.879
19 367 854
17 483,18?
15.677,044
181,001,050 120,790,251 +60*4 San Francisco.....
Salt Lake City,
19.225 9 0
3
13,691,63? + 1 3 b
1.740 871
1 935,718
13,310,829
10,740,379 +24*0
2 375 986 +16*7
122,786,450 100,5 0,498 +15*2 Salt Lake City.....
Portland.......
2.748.570
1,700,041
+5*5
1 508,314
102,378,001 122,092,555 +32*3 Portland............
10.588,476
2.007 1 2
4
10,074,510 +56*4
Los Angeles...
2,181.292
13,049,442
1,780,020
1,385 520
144,084,30
130,328,381 + 11*0 Los Angeles.......
9,9(16,891 + 3 1 7
3,078,558
2,062,771 +493
Seattle.........
1 632 5 0
4
1,147 027
58,850,221
0,404,739
50,2 ,7 1 +4 0 Seattle....... ...... .
54 3
2,189 6 6 +30*7
1
4,707,387 1-36*6
2,988.005
Spokane.......
1,183,450
0
1,128.172
59,622,549
£8,702,687 +10*9 Spokane.............
5,110,10*
1,097,890
945,970 + 1 *1
5,015,85* + 1 *9
Tacoma........
874,092
too 000
+ 00
3,172,199
31,053,832 +7*9 Tacoma..............
1,032 1 7
0
1,022,569
34,160,32c
Helena........
3,010,5'b - 1 2 3
018.390
605.650
1
17,003,240 +13*1 Helena......... .
19,912,774
2.281.804
480,216 + 1 *6
2 178,100 + 3 *b
Fargo...........
646.168
369 9 2
4
8 7 800
6
___ 707,190 +01*7
7.952,880 +46*6 Fargo.................
11,680,350
Sioux Falls__ _ 1,240,403
304,012 +11*1
404,398
10 387
129,762
286.876
149.387 +57*9
Total Pacific 182.219,400 154,707,0*8 +17*7 1,073.700.89b 1,077,110,458 +17*7 8ioux Falls..........
2 443 750 24.723 637
7
80,974 420
+8*3
33 538,910
Total Paoiflo.....
+ 0*8 918,198.410 776,204,813 +18*4
81,907,780
81,318,821
Kansas City.
72,480,314
9,093 224
10,570 0 1
1
2o.467 579,994,070 4 .9 Kansas City........
-7
+ 06
Minneapolis.
53,306,00* +30*0 026.O
16.li9.634
16.202.078
10.022.002
26,501,130
0 417.896
8.781.22b +r-9-4
330 931,740 310,537,043 +4*5 Minneapolis........
27,O01,8«2 — l*b
Omaha.......
12.243 C 6
9
5,004 2 c
0
0 692,710
St. Paul......
26,016,2^3
22,737,16 +17*1
5,012 9 2
2
+7*8
200,613,778 247,000,954 +6*4 Omaha..............
0+31.467
4 096.443
6
Denver......
4 210,930
19,342,^5
18,102,709 ►*3 228,469,100 216.942,831 +6-3 8L Paul.............
4,161 3 4 +S0*C
8
6.308.621
2.080.7 0
S
22,970,605
4
St. Joseph...
4.000.000
240,724,301 209,097,615 + 1 *8 Denver..............
3.784 0 0
8
+4*0
18,371,020 +25*0
8 03*0 6
2,1C4 681
84,719 880
7,485,410
74.929.700 +13 1 St. Joseph..........
3.039 8 3 +32*7
1
8,034.060
Des Moines..
4,033 5 7
3
0
,685,801 +120
1,270 051
46,811,480 +10 9 Des Moines........ .
1.835,970
1,233 6 0
5
4,802,946
8,702.905 +20*7
63,503.101
Davenport,..
1 429 930
+7*0
0 107
9 2
008.576
00,311,094 + 12*8 Davenport-........
Sioux City...
6,019,0^7
5,881,704 +13 5
009,469 +11*8
08.003,219
748,2 2
778,576
5,723,027
8(9.497
Topeka ......
89.376,028 +47'6 Sioux City....... .
3,714,668 +64*1
1.371,091
957,168 + 433
68,088.23b
520 910
28,032.729
2.460.804
25.479.701 + 10 0 Topeka..............
677,027
Wichita......
1,127,179
2,099,621 +1«
9 2,468 -+24*0
,
888 242
035,770
7,006,881 +15j6 Wichita............ .
0:8,701 +37-9
Fremont.....
437.672
8,159,r8*
442+90 +25*7
560.83
1
107.213
108.000
12 7
6 ,8 1
108+20 -1 4
-2 *0
Tol. oth’r W 277,965,498 248,098,179 +14*1 2,905,384,868 2,698,472,091 + 11*8 Fremont.............
900 000
— *6
5
850 C O
O
Colorado Springs...
224,607,587
St. L o u is .........
7
103,880,718 + 3 *1 2,270,880,216 1.088,849,404 +34*6
0
52+04 2 1
1
45 059 238 + 1 *0 40.240 013 38,869 804
Tot. other West.
74,131,144
003,651,124 550,700,701 +8*4
New Orleans.
73 23C304 + 1*2
402.031+98 4*4.503,551 + 8*8 8t. Louis............
41,359,172
34,027.893
89.262,675 +5*3
Louisvilie....,
27.012.083
33,129 0 *
4
4-32+
44 015 5*2
1 207.075
1
10,310,850
162,713,620 +16*0 New Orleans.......
Galveston ....
18,145,060 + 2*6
189.717.90t
10 7 1 4 2
0 5
12,705 472 +16*J
14+20 5 4
7
20 004,44*
Houston......
lb,668,2lh +30
6,279,769
7.077,706
233,218,004 107,434,740 +18*1 Louisville..........
7 729 7 8
1
7 1 08 3
0 0
+ 8+
18,020,0-0
Savannah....
28,102,22b —28*2
3.007,200
182,490,331 240,313+24 -25*9 Galveston...........
8,651,600
3 385 0 0
0
8+90,000
+0
*f
10,769,101
Richmond....
8.6*9;B89
10,144,108 + 8*8
108,091,530 176.637,470 +12*3 Houston.............
5 741 2 0
3
4 200 000 +307
4,021,400
16,306,261
Memphis.....
18,127,756 -16*0
154,482,910 140+81,04' +5*1 Savannah..... .
3,407.092
2,802,940
8,9*8.000
8.900 0 0
0
—
0+
A t l a n t a . ...
07,040,251 +141 Richmond...........
2 304.55
7
12,727,371
10,974,103 +10*0
111,765+60
2 600 C O
O
2 698 298
8 1 40 1
5 2
+ 8+
74,1 4 3 +7*0 Memphis.............
7 ,4 b
Nashville.....
7,308,993
70,390,995
7,443,080 -1*8
2,142 1 b
0
2.090 089
3 056 0 0 —1 *3
9
2 R H2 0
b
5
Norfolk........
0,094,025
78,243,620 -8 0 Atlanta..............
0,604,880 + 8 * 9
1,002.674
71,063,047
1,920,929 +27*1
1,392,094
2 441.43
1
A u g u s t a ..........
9,420,501
*7
0,678,009 —1
08,142,406 + 0*2 Nashville......... .
08,811,136
4 *6
-1
968,481
1+66 083
1,391378
1,8*4 «5
M
2,928,788
Knoxville__
28+34,248 +12*7 Norfolk..............
-1 *1
2,644,10) 1 5
32,490,302
1.288,603
1,881,00b
1,206,789
1 078.16
1
+10*5
Fort Worth..,
74,180,043
6,943,873
60,088,370 +40*8 Augusta...........
5,037,787 +0'4
775,055
1.990 0 4 +11*7
7
76 3
7 ,0 1
2,824,638
5,133,732
4,410,030 + 1 *4
Birmingham..
43,980,448 + 9-2
0
48,020,008
606,784 +17*0
598.300
40( 9 5
0
892 498
Macon.. .....
3,607,000
84,707,000 + 1*1 Knoxville. .........
8,307,000 +7*9
85,130,000
0J0719
1,095.420
1,192,372
+8*9
900,000
Fort Worth........
4,817,099
Little Rock.. ,
27,228,440 +27*9 Birmingham.......
2,723,71*/ t-59 0
84,808,28a
050,000 +31*2
740 0 1
4
1,240,708
409 417
1,808.419
Chattanooga..
20 428,702 +13*6 Macon...............
1,787,797 + 4 *3
28,100,152
423,000
780,000
570,000 +31*4
072 0 *
1
Jacksonville..
1,792.019
12+33,049 +81*0 Little Rook.........
1,140.207 +57 2
10,767,773
8 00 0
4 0
610 7 1
0
405 002
755 850 + 1 *1
1
203.267
811 8 1
5
875 000
825.000 +16*4
Total South 497.852,100 427. *00, '00 + 1 -4 4,800 270,958 4.130.310,402 +18 2 Chattanooga...... .
8 ,
245 8 1
7
208 000
231.276 4 4
810 780
-8 *2
Total all.... 0,^00,090,180 ,082.408,843 +HX) U8,52oH3L-4b 00.205,08^,0^3 +376 Jacksonville........
9b.2*0 802 81.890 0 V 4 0
4
-2 *7
77.115 4 7 05.806,001
8
Total Southern..
Outside N. Y. 3,490,310,297 ,135,274,778 + 11*8 39,098,148.700 *8,671,480,8 8 +10*6
.504 722,465 515 877.031
1
-1*0 L
Total all........... 1.809 048.804 887 402 8 1
Montreal......
2
+ 9-2 688 819,790 540 180.095
Outside N. York. 081.647,197 024 85« 0 k
76,141,876
08,802,110 +18*7 889.483,015 780,932,00^ +217
Toronto.......
00,087,077
y S 7 .8 M 518,0^5+01 +2i 7 Montreal...........
48,824,184+26 0 0 J .2 1 O
1 0 1 709
2 0
18 750 0 1
4
11,849 821
13 708 2 7
7
+86
W in n ip eg ........
18,728,821
5
10,809 32’ r72*b 133,771,1 b 100+50,702 +25*1 Toronto.............
9 1 8 0 3 + 1 *0
0 1
1
9 400,030
7,479 644
10,204 1 0
0
-H alifax .. . . . . . .
7,690,860
77,504 8 1 + 12*8 Winnipeg........ .
7
87*101.888
7,214,467 +0*r
1814,738
3 426 4 4
7
1 0 4 J ^ +72*0
8 -0
2.8f’5.820
Hamilton......
3,824 884
40,202,6 H 4 *7 Halifax........ .
H
42,564,513
-6
8,842.970 — * 1
06
1.7(0 000
1,114,283
1,550,000
1,500 000 -4 8
-1 *3
St. John .....
3,806,079
87+07.421 + 0*0 Hamilton.............
8,218,8611 +4*7
4 ,415,80/
0
746 0 3
8
030 4 5
0
810 8 6
2
+100
736 9If
Victoria......
2 ,1
00,82ft
82.205.837 —4 0 St. John.,............
2,100,38", +3*Sj
80+01,809
000 0 0
2
507 408
0
33.79V
+7*0
0b3 9 4
V ancouver_
_
8,848,083
40,044+80 + 1*2 Victoria.............
4,107,9)7! — *7
7
~H*0
541 2 4
H
016.249
4 32 H
W 6
630 3‘1
47,200+1816 0 4 -11*8
2
740.770
544,381
Tot. Canada...! 176,450,474 148,044,10?!+22*7! 1.800,009,887 ,680,289,100 + 1 *0 Vancouver..........
710 6 1
0
9
1,242.14!’) Not Include 1 In tot il.
Quebeo................
Total Canada ... 1 81 H ft.4 0
"
H 4
2 007 2 8 + 1 *4
H
H
3
2 ,701.089 24,656.879
9
ItT" T a b le (jlearliiKt by Telegraph on page 28
December.

Twelve Months.

Clearings at—

1901.

2

THE CHRONICLE.

THE “ CHRONIC LE'S” E IG H T Y PA G E S
TO-DA Y.
Oar large and rapidly increasing circulation has
brought with it Increasing demands upon our space
for more facts. The force and extent of the increase
are best gauged by the circumstance that when we
formed the C hronicle, and when we sent out the
first number, and for a considerable time thereafter,
the intention was that 82 pages should always be the
limit of each issue. To be sure, in a few years 40 pages
was an occasional occurrence. But with that exception
the number of pages did not vary materially until about
1879, when specie payments were adopted. We hardly
need to recall the successive steps in the Chronicle’s
growth since then. A feature, however, in the devel­
opment worthy of note is that not only did the 1879
event prove to be an epoch in its progress, but
every new step towards a more stable gold stan­
dard has given a fresh impulse to its advancing ten­
dency, To-day for the first time we find ourselves
forced to issue 80 pages so as to include all the facts
our readers need in the first number of a new year for
present use and future reference-—and still our col­
umns prove to be overcrowded.
We seldom make comments about ourselves and
would not have been led to it now had not one of our
readers expressed surprise that he had discovered sub­
scribers where he had not expected to meet them. He
said he had always known every one took the
Chronicle in Hew York, but in his recent travels he
had found it everywhere he went, in Europe as well
as in America. Our journal has from the first had a
wide circulation, and the increase since has been in
every direction. W e have been told by those who are
in a position to know, that we send more papers each
week to foreign countries than any other publication
in the United States. It will be found not only in
large numbers at all important points in Great Britain
and Germany, but in considerable numbers in France,
and at all other commercial and financial centres in
Europe from St. Petersburg to Madrid. W e have
likewise subscribers at various points in India, par­
ticularly at Bombay and Calcutta; also in Japan,
China, &c. It is an interesting fact that notwith­
standing the holdings of American securities in
Europe are much less now than formerly, we never
before had as many subscribers there as we have at
the close of 1901.
In making a new record of 80 pages to-day, if is
well enough to say that the addition has not been
required to accommodate advertisers. W e only devote!
in this issue a little more space to that object than
was occupied in that way a year ago. The quantity
has been in some measure kept down by a material
increase in the price— action which was forced because
the cost of the space became so much greater with
the larger number of subscribers we have to serve.
W e may say in brief that what we add to-day is only
typical of the expansion every department of our
paper has been steadily undergoing, especially during
the past eight years, our plan being to give to our
readers more and more facts at the original cost to
the subscriber.
Along the same lines we expect
growth
to
continue.
Five
Supplements, be­
sides the addition to the size of the weekly issue,
are|the product of that policy. We have in mind
for this year new developments in several depart­
ments,

I HE

[VOL. LXXiV,

F IN A N C IA L

S ITUATION.

The current week has been an eventful one, A
change deserving mention first of all, is the installa­
tion of a new administration as the governing power
in Hew York. In importance to the city this event
never has been equaled. We have had from time to
time reform administrations go into office previous to
the present; the change just made differs from them
all in affording better promise and greater hopeful­
ness than felt on any other similar occasion. It car­
ries with it a brighter prospectgbecause in large meas­
ure the person chosen for Mayor has character, ex­
perience and civil* service ideas that adapt him in an
eminent degree to the work to be done. It is not
too much to say that in public estimation Mr. Low
has no superior in fitness for the position he now holds.
Bnt even that does not cover the whole case; it is not
alone because the office of Mayor is so suitably filled
that the new administration affords the promise it
does ; the great truth is, Mr. Low is marvelously well
supported by men of tried merit and fitness in all the
other leading offices—so well as to add almost assur­
ance to the promise felt that the incoming city
government will give the public a real reform admin­
istration ; known to be such not by name only but by
results.
Another event of moment has been the Governor’s
message, the opening of the State Legislature, and the
suggestions already made as to the legislation pro­
posed. Of the latter, taxing mortgages seems to be
the most prominent feature mentioned. The Governor
refers to it in his message, and makes a suggestion
referred to below.. Mr. Hixon, Speaker of the House,
.
in his address alludes to the disagreement of last year
on the mortgage issue, and endorses the suggestion of
the Governor, and several bills have already been intro*
dueed embodying all phases of the question. The
Governor’s proposal was that a tax be levied which
might be known as a recording tax and be collected
by the County Clerks and Registrars throughout the
State; the amount of the tax proposed is “ 5 mills
upon the mortgage recorded and after the payment of
one such tax it be free from all other taxes except the
transfer tax.”
The total amount of mortgages
annually recorded the Governor says is about $600,000,000, and that the 5 mill tax would consequently
yield about $8,000,000. He adds that “ this small
levy will satisfy those who desire to tax mortgages; it
would not be a burden to those who have favored their
total exemption.” Senator Stranahan introduced a
bill in the Senate on Wednesday embodying this idea
of the Governor, and as Speaker Hixon also endorsed
the same proposal, it appears as If the intention of the
party in power was to adopt the Governor’s idea and
enact Senator Stranahan’s bill. Assemblyman Sey­
mour, who led the fight last year against an annual
tax of 5 mills on mortgages, introduced his bill again
on Tuesday exempting mortgages from all tax.
An occurrence in the interest of railroad harmony
in the Horthwest has been the fight to prevent the
retirement of the northern Pacific preferred stock,
the defeat of the party who sought to stop the trans­
action, and the final retirement. It seems that on
Monday an unrecorded holder of 100 shares of the
common stock of theHorthern Pacific Road applied to
Judge Elliott of the District Court of Hennepin Conn-

January 4, 1902.]

THE CHRONICLE.

ty, Minnesota, for an order restraining the officers of
the Northern Pacific from retiring the preferred stock,
which application the Judge granted. This move­
ment was very cunningly devised, because if the re­
tirement was not made on Wednesday, the first day of
January, it could not be made this ye^r. The animus
of the mover would seem to become obvious when, in
addition to the foregoing, the further fact is stated
that more than two months' notice of the inten­
tion of the Northern Pacific Railway Company to
retire its preferred stock had been in possession
of the public, and yet this litigant delays action until
the day preceding the last day it could have been
made; besides, to get his injunction order, he goes
off to a State other than the one from which the com­
pany received its charter, and to a county other than
that in which the head office of the company is
located.
To meet such a situation and get the order set aside
so that the proposed transaction could be completed
on Wednesday required great diligence and quick
work. But those who had the affair in hand were
equal to the occasion. The lawyers of the Northern
Pacific got the case transferred Monday night to the
Federal’ Court, and procured from Judge Lochren an
orderfjto show cause Tuesday morning why the
temporary injunction granted by Judge Elliot should
not be dissolved. After argument Judge Lochren
dissolved the temporary injunction, and subse­
quently refused to fix any amount for a bond
to; stay proceedings while an appeal was pend­
ing.
The legal obstacle having thus been
removed, the retirement of the $75,000,000 of pre.
ferred stock was completed without further interrup
tion. It certainly seems surprising that any court
could'have been found willing to grant an application
for an injunction under such peculiar circumstances.
Of course the injunction was in form temporary. But
the judge must have felt that the order would in
all probability operate the same as if it were perma
nent—that is to say, it would prevent the action it
enjoined. That it did not was a marvel.

3

per cent. The open market rate at Paris is 2$ per
cent and at Berlin and Frankfort it is 2i per cent.
According to our special cable from London the Bank
of England gained £528,675 bullion during the week,
and held £32,593,219 at the close of the week. Oar
correspondent farther advises us that the gain was
due to the import of £53,000 from Australia, to
receipts of £677,000 net from the interior of great
Brltian and to the export of £201,000 sold in the
open market.

The foreign exchange market had a firm undertone
this week, and the rising tendency was only partially
held in check by the high rates for money. The sup­
ply of commercial bills was not large, and the offer­
ings of those against cotton were chiefly bills which
were being delivered on contract. There was a not­
ably good demand for cables early in the week, inci­
dent to the settlements on the London Exchange at
the end of the year, and on Thursday there was a fall
in Paris exchange on London, which, should the
movement continue, might cause exports of gold
hence to Paris next week. The Assay Office paid
$980,532 85 for domestic bullion. The receipts of
gold at the Castom House during the week were
$102,455.
Nominal rates for exchange are 4 844 for sixty-day
and 4 874 for sight. Rates for actual business opened
on Monday at an advance of one-quarter of a cent for
long and for cables, compared with those at the close
of last week, to 4 83|@4 834 for the former and to
4 874@4 87f for the latter; short was unchanged at
4 86|@4 864. The tone was firm, and it so continued
on Tuesday until near the close, when it grew a shade
easier in consequence of dear money. Rates at the
end of the day were unchanged for long; those for
short were one-eighth of a cent lower, at 4 86f@4 86f,
while those for cables were one-eighth of a cent higher,
at 4 87|@4 87f. On Thursday rates for cables were
one-eighth of a cent lower at 4 874@4 87f; long was
one-eighth higher for the asking price, at 4 83f@4 84,
and short advanced one-eighth of a cent, to 4 86f@
4 864- The market was firm. Francs were unaffected
Money on call, representing bankers” balances, has by the fall in exchange at Paris on London above
loaned at the Stock Exchange during the week at 15 noted; rates for marks were fractionally lower. The
per cent and at 6 per cent, averaging about 8 per market was firm on Friday. The following shows
cent. On Monday loans were at 12 per cent and at 6 daily posted rates for exchange by some of the lead­
per cent, with the bulk of the business at 8 per cent. ing drawers.
D A ILY POSTED BATES FOB FOEBIGN EXCHANGE.
On Tuesday transactions were at 15 cent and at 5 per
cent, with the majority at 10 per cent. On Thursday
M O NF B ITtras., W e d - T h u b ., FBI.,
Dee »7. Dee. SO. Dec. 81. Jan. 1. Jan. 8. Jan. 8.
loanB were at 10 per cent and at 6 per cent, with the
84*
1SO dars. Til*81*
84*
|4*
RvAWT) P pai
bulk of the business at 8 per cent. On Friday trans­
87*
87*
( Sight.... 4 87*
87*
87*
84
84
84*
84*
actions were at 8 per cent and 5 per cent, with the ma­ Sarins', ft Co.. J60 days. 484
Magonn
1 Sight.... 4 87*
87*
87*
87*
87*
British
<60 days.
84
84
84
84*
84*
jority at 6 per cent. Banks and trust companies have Sank Amerlce,.. 1Sight.... 4 87*
No.
4
87*
87*
87*
87*
h
J
} 60 days. 4 84
84
84
84*
loaned at 6 per cent as the minimum. There was a Sank of
84*
Montreal......... (S ig h t-.. 4 87
87
87*
87
87*
Q
moderate demand for time money, with a less urgent 'anadlan Bank 160 days. 484
84
84
84*
a
84*
of Oommeroe.. 1 Sight.... 4 87*
87*
87*
87*
87*
©
Inquiry for short periods, and the offerings were aeldelbaoh. Iok- ( 00 days. 484
84
84
84*.
H
84*
elhelmer A Co. ( Sight.... 4 87*
87*
87*
87*
87*
fairly liberal. Rates are 5 per cent for thirty to sixty Laxard Froroi...
4 84
84
84
84*
84*
(Sight,...
87*
87*
87*
87*
days and 5@5£ per cent for three to six months on Msrohants’ Bk. }80 days. 4 87*
484
84
84
84*
84*
of Canada...... (Sight.... 4 87*
87*
87*
87*
87*
goodtmixed Stock Exchange collateral. The com­
mercial paper market continues dull, with no local
The market closes at 4 84@4 844 for long, 4 87@
inquiry’and rates are nominally 5 per cent for sixty 4 874 for short and 4 874@4 87f for cables. Com­
to ninety days endorsed bills receivable, 6@5£ per mercial on banks 4 834@4 83| and documents for pay­
cent for prime and 64@6 per cent for good four to ment 4 83@4 84. Cotton for payment 4 83@4 834,
six months5single names.
cotton for acceptance 4 83i@4 834 and grain for
payment 4 834@4 84.
The Bank of England minimum rate of discount
remains unchanged at 4 per cent. The cable reports
The following gives the week's movements of
discounts.of sixty to ninety-day bank bills in London money to and from the interior by New York banks.

4

THE CHRONICLE

W e t k Bndi/iMl J a n u a r y 8,

10
02

U. , , . u y

LV.c i t u t r w f

s m w M i ay

M o v * m * n t.

N . T . B a n k * . 6/. Y . B a n k * .

*0 8 ,0 0
,0 8 0
1 3 ,0 0
,8 7 0
*1 0 8 0
0 1 ,0 0
T o t a l «o ld an d le * a l te n d e r *
.
Result with Treasury o perations

QVHNMMf•

.............

a4 4
,««
..................,

G a i n . * 8 ,0 6 8 004

*1,0 8 0 .0 0 0

G a in .

*3 0 ,0 0 0

*1,4 6 0 ,0 0 0 I G a i n

1,808,000
*0 .4 6 4 000

in tt
B u nk *.

ou t a]

W i t U k itty ** in

B a n k *.

1 B a r tk B o U U n * *

B a n k a I n t e r i o r m o v e m e n t ., a t a b o v e

*10 ,0 1 8 000

*4,4 6 0 .0 0 0

S t t b - T r e a a a r y o p e i a t i o n g ...... , ..............

18,000,000

10,600.000 1 G a i n

1,600.00*

138,0 1 8 ,‘100

*20,0 8 0.0 0 0 ; G a i n

*7,064,000

W e e k J S m it n j J a n u a r y 8 , 1 0 0 3 .

T o t a l K O ld a n d l e * * l t e n d e r *

G a i n , 18,454,000

The follow ing table indicates the amount of bullion
In the principal European banka*
January 3,1001.

January 3 1008
Bank *}
©old.

Silwr,

Total.

4
M
t
SlTl^i A*id ... . 33.693.310
83,598,810
-- -„ .
07,060 481 48,870,881 1*1,889,813
30,589 000 15.767.000 46.840.000
80 803,000 0.442,000 76 834,000
UttMia
O
A.u».-Hnn*’y . 40.038.000 11,285 O O 67.918.000
14.015.000 17.307.000 81.883.000
Spain ........
10,007 000 8,001,000 18.008.000
Ita ly ......... .
5.742,000 6,291800 12,088,200
Netherlands
4,688,000
Nat. B e l * id .. 8 00 >,883 1,532007

v

Gold.

BiLvtr.

Total.

1
28,067,800
08 314,020
34.084.000
78.789.000
88.335.000
14 001.000
16.502.000
4.877.000
2.343.000

*

%
28,007,300
187,230.143
80.491.000
80.186.000
48.380.000
30.843.000
17.273.000
10.601.000
4205.OOC

48,933,113
12.407.000
0,390,000
0,803,000
10.841.000
1.770.000
6.024.000
1.438.000

Tot.thi* week 118,008,083 104601798 420 408 831 306,868.829 97.787.U8 393,189,443
Tot. nrev. w’k 817 098.708 106349836 423.977.083 896.402.675 98,877,892 893,789,807

INFLUENCES AFFECTING MONET IN THE
NEAR FU1URE.
W e have passed through the usual trying period for
money— always incident to the closing days of Decem ­
ber and the opening days of the new year— without
any serious trouble. T o be sure, the surplus reserve
has dropped to a low figure and money has not only
touched high rates but ruled high with prolonged
steadiness, the average for the week for call loans
having been 8 per cent. There is, though, nothing
disturbing in such conditions. Deserves are devised
and kept, not for ornament, but for use as a tempo­
rary expedient whenever a situation has become or
threatens to become critical. Besides, on the present
occasion the gross cash reserves held are, notwith­
standing the smaller surplus, considerably larger than
at the corresponding period last year or the year be
fore; there was likewise a special cause which this week
affected in some measure the money market and
helped for the time being to stiffen rates— we refer
to the preparations for the retirement of the Northern
Pacific preferred stock. Hence if the flow of money
from the interior to N ew Y o rk which occurred in the
early part of last year, and if other conditions then
ruling are to be repeated this year, the market will
within another week or two find entire relief and
bank reserves be restored. That is an anticipation
which seems to be quite generally entertained.
There are, however, some circumstances worth not­
ing which suggest that this anticipation may be over
sanguine. W e have reference to certain points in
which monetary and currency affairs this year differ
from last year. W e do not anticipate any contin­
gency which could endanger legitim ate enterprise.
B at the situation does encourage caution where the
ventures are of a speculative character and require
eas7 money for success. F or instance, one investigat­
ing the chances of a return of low rates would find
several particulars in wh; m the money market to-day
stands at a disadvantage compared with a year ago.
O f these we have already referred to the smaller sur­
plus reserve, the total being 17,891,850 December 28
1901, against $11,525,900 same date in 1900 and
$11,168,075 in the last week of December 1899.
W hat has been said above indicates that this differ­

| Vol . LXXIV,

ence does not ot ioBeif amount to muoh. But there
are other unfavorable k
features to be added. One
important one is that the volume of national bank
notes was being rapidly increased a year ago,
and had been increased very largely each month
throughout the previous year. A ll that is changed
now; the additions not only stopped several months
ago, but bank notes have been and at the moment are
in process of being retired. That is to Bay, there was on
Jan. 1 1901 a lot of the currency manufactured in 1900
still idle and ready to come to New Y o rk for employment
and more was being turned out monthly; to-day those
sources of new currency supply are wholly closed.
Besides this loss there is another reason for believ­
ing that bank reserves will not be replenished as rap­
idly in current weeks as iu January 1901. This pre­
sumption is warranted by the expansion which has been
so marked a feature in trade and speculative conditions
and to the rise in the prices of commodities and secu­
rities which has been so general during the past
twelve months. Bank exchanges all over the country
furnish the record o f additions, indicating that the
increased activity is everywhere, thus proving that the
home requirements and employment for a greater vol­
ume of currency is not local but general. O f course
bank checks aid in turning over these multiplying
transactions; but it hardly needs to be said that all
instruments for making exchanges find a more con­
stant and wider use as those exchanges and their
values increase. Last year the developing activity in
affairs had no noticeable effect in decreasing the re­
turn flow of money, because our bank notes, as
already described, had their volume added to so
largely. Consider what a vast flood of new currency
commerce had to absorb at that period; from March 1
1900 to January 1 1901 the new supply reached $90,626,532, and for months thereafter the increase con­
tinued in the same ratio.
Tnere is still another influence— that did not to
the same extent exist a year ago— which will interfere
during current months with the replenishment o f
bank reserves if the event justifies the present out­
look. W e refer to the different situation of the gold
export movement— a difference which forebodes a
larger export in the early weeks of 1902 than a year
ago. The gold outflow this season has been in pro­
gress all through the last quarter of 1901, the period
of greatest merchandise exports; there was no such
movement in the last quarter of 1900.
I t is well
known, too, that the outflow would have been during
the last three months considerably larger than it was
had not high rates for money in N ew Y o rk checked
the movement. Th e action o f our foreign exchange
rates is proof of the truth of that assumption. W e
enter upon the new year with this outflow im pending;
as soon as the money market becomes easy the gold
exports will begin. N o one can say dogmatically
whether they w ill be very large or not. A ll that any­
body knows is that the movement has been in progress
when our merchandise exports were largest— a fact
that indicates a phenomenal outflowing tendency o f
gold at this center.
The only other source of possible derangment we
need mention is the Sub Treasury operations. On
that subjeot we do not think it necessary to add any­
thing to what we have so many times said. Secre­
tary Gage has in the past kept that influence from
doing harm; the assumption is that Secretary Shaw
will be able to accomplish the same end.

January

4 1 0 .]
, 02

THR CHKONIOLK.

5

troubles were a feature of the year. The strike of
R E TR O S PE C T OF 1901.
The year 1901 may truthfully be said to rank as one the steel workers at the mills of the United State*
of the most eventful in the country's history. The Steel Corporation was the most prominent of these.
list of notable occurrences which clearly entitle the It lasted from July 1 to September 15, aud ended juet
year to this distinction is a long one. It comprises as it was evident at the beginning it must end, namely
among others (1) the combination of the leading iron in the complete defeat of the men, since no question
and steel properties of the country in the United of wages was involved and the only point at issue was
States Steel Corporation, being the first time that a whether the Amalgamated Association should be
thousand-million-dollar corporation has come into allowed to extend its authority over the non-union
being in this country; (2) the stock market panic in mills. The strike of the machinists throughout the
May, with the attendant corner in Northern Pacific country was of a different type. It was a demand for
common stock, during which the price of the shares a nine-hour day, but with the same pay as for the pre­
rose from 100 to 1,000; (3) the heat and drought of vious ten-hour day. It began in May and in July the
the summer, resulting in one of the worst failures of men pretty generally had to acknowledge defeat in
the corn crop on record; (4) the great steel workers' the various cities, though in Chicago the contest at
strike; (5) the death by assassination of President the plant of the Allis-Chalmers Company was con­
McKinley and the accession of Vice-President Roose­ tinued until the end of the year.
On account of the heat and drought, agricultural
velt; and (6) the break in Amalgamated Copper and
results were decidedly disappointing. This applies
the collapse in the copper market.
With the exception of the first, these were all de­ not only to corn, where the yield per acre (though
pressing influences. It is testimony to the strength not the total crop) is reported smaller even than in
of the situation and the general feeling of confidence that phenomenally bad year 1881, but also to many
and buoyancy prevailing that neither one, nor all of other agricultural products. The yield of potatoes,
these combined, had more than a temporary influence for instance, was only 59 9 bushels per acre, against
upon the course of affairs. The business world was 80‘8 in 1900, and a ten-year average of 78’7 bushels.
prosperous, trade active. To say this is to say that The corn crop is put no higher than 1,360 million
the period of industrial revival which began in 1898 bushels, against 2,105 million bushels in 1900 and
made further progress and gained still greater head 2,078 million bushels in 1899. The oats crop, too, is
way. In the volume of business done new records short at 660 million bushels, against 809 million and
were established in many directions. The iron and 796 million respectively in 1900 and 1899. The cotton
steel industry enjoyed unsurpassed buoyancy, and crop also was smaller than in 1900. Fortunately the
here it is well enough to note that while prices ad­ wheat crop, reaching its maturity earlier in the season,
vanced the existence of the United States Steel Cor­ proved one of the very best ever harvested4
—about
poration and the wise policy pursued in its administra­ 700 million bushels, against 522 millions, 547 millions
tion operated to prevent a rise to such extreme high and 675 millions respectively in the three years pre­
figures as on so many previous occasions have proved ceding. As at the sam8 time wheat prices, owing to
the undoing of that industry. Even during the steel a continuance of the foreign demand, were maintained
workers’ strike no disposition was manifested to gain at good figures, farmers had in the excellent results
any advantage; on the contrary the constant effort on this crop an important compensating advantage
was to hold the rising tendency in check. The effects for the losses in other directions.
of the opposite policy were illustrated in the case of
Despite the crop shortage, which cut the corn ex­
the copper industry, where the Amalgamated Copper ports the latter part of the year down to almost noth­
Company kept the price of copper pegged at 17 cents ing and reduced the shipments of many other items of
a pound and not only lost to this country a large agricultural products, our foreign commerce was well
foreign market for copper but made the United maintained at the extraordinarily high figures of the
States the dumping ground for considerable supplies previous year. There was a great shrinkage in the
of copper from abroad. A statement in the C h b o n i c l e copper shipments, for the reasons already given. Our
of December 21 shows net exports of copper of only iron and steel exports also fell off, owing to the indus­
28,299,324 lbs. in the ten months ending October 31 trial depression prevailing in so many of the European
1901, against 208,423,535 lbs.in the corresponding ten countries and particularly in Germany, and . also to
months of 1900 and 115,173,140 lbs. in the corres­ the fact that this depression led the German iron and
ponding period of 1899. There were some indica­ steel makers to dispose of their wares at extremely
tions at the close of the year, more particularly in the low figures, while prices in this country ruled quite
buildings trades, that high prices in other directions high, being governed by the ruling buoyancy and
were beginning to act as a restriction upon enterprise. active home demand. Outside of the metal branches
Nevertheless prosperity and aotivity continued domi­ our manufacturing exports were not seriously cur­
nant characteristics to the end.
tailed. The aggregate of our entire merchandise ex­
Transportation facilities were texed to the utmost, ports for the eleven months (to Nov. 30) of 1901 was
and in the autumn a car shortage which has no par­ $1,328,186,131, against $1,332,066,242 in the corres­
allel developed, some manufacturers at times being ponding period of 1900. The merchandise imports
obliged to restrict operations, owing to the difficulty not unnaturally increased, being $800,426,231 for 1901,
of obtaining a sufficient supply of coal and coke. In against $760,452,507 for 1900. Thus the excess of
November the makers of iron particularly suffered in merchandise exports was extraordinarily large in both
that way, and the steel and other allied trades also years, namely $527,759,900 for the eleven months of
were to an extent hampered by the same cause. 1901 and $571,603,735 for the eleven months of 1900.
Aggregate bank clearings for all the bank clearing
In view of the size of the trade balance in favor of
houses in the United States were 118,525 million dol­ the United States, the course of our foreign exchange
lars for the twelve months of 1901, against 86,205 market was again decidedly mystifying. Rates for
millions for 1900, 94,178 millions for 1899, 68,931 sterling were maintained at high figures nearly all
millions for 1898, 57,321 millions for 1897 and 51,333 through the year, yielding only occasionally when
millions for 1896. The cotton goods trade, as usual, some special urgency in the monetary situation here
followed an independent and not entirely satisfactory made it desirable to retain funds for the time being in
course, as related in our monthly narratives below.
this country. An outflow of gold began promptly In
While the cotton mill operatives under the pecu­ January, and with the exception of February, August
liar conditions which developed did not strike, labor and September, larger or smaller amounts of gold

6

THE CHRONICLE

[V L L X .
O. X IV

were sent from this port to Europe every mouth of three million shares a day. For the month of April
the year. In some of the months the shipments the recorded sales were 41,719,086 shares, which com*
were very heavy. In September a temporary sharp pares with 54,654,096 shares for the full year 1896.
break in rates brought some gold imports, but the Up to this time it was literally true that a man might
movement was quickly arrested and the old course get rich over night, for the movement of prices was in
was resumed. The net amount of the gold exports to only one direction—upward—and shares bought one
all countries from this port for the eleven months of day were almost certain to show a large profit the very
1901 were $44,340,654. The same feature, however, next. The numerous purchases for control, as noted
was observed in 1901 as in the year preceding, above, by powerful interests, were of course one of
namely that while gold was flowing out from New the principal elements in the upward movement. The
York it was flowing in on the Paoiflc Coast, coming panic occurred to put an end to this uncontrolled
from Australia, etc. Still, even with these imports on speculation. The collapse in prices was the worst
the Pacific the movement for the whole country ever known, but fortunately the recovery was equally
shows a net export of the metal for the eleven rapid. The corner in Northern Pacific, which devel­
months to November 80 in the sum of $2,790,637— oped at the same time, advanced the price of the
this with a trade balance in favor of the United States common stock, as already stated, to 700 regular and
on the merchandise movement in the extraordinary to 1000 for cash. On what a scale the buying orders
figure of $527,759,900.
were conducted may be judged from the fact that this
In partial explanation of this apparently anomalous was a corner in a stock amounting to $80,000,000.
situation, it should be stated that bankers and inves­
After the panic the market had many depressing
tors in this country took large amounts of the £60,- influences to contend against—the crop shortage,
000,000 new British loan brought out in April—or at the steel strike, the assassination of the President, and
least that portion of it (£30,000,000) which was offered the break in Amalgamated Copper. This kept it
for public subscription. It should not be forgotten more or less unsettled, and of course speculation was
either that the high figures to which prices advanced not again renewed on the old scale; but such weak­
on our Stock Exchange were a great inducement for ness as these successive occurrences occasioned was
the return to this country of such American stocks as temporary, quickly followed—as far as the general list
were still held abroad. It is also true that in the con­ was concerned— by recovery, and the general tone re­
test for control of Northern Pacific, great blocks of mained strong to the end. The fluctuations for the
the stock of that company held in Europe were pur year are shown in the extensive tables on subsequent
chased and brought home.
pages, and it is a noteworthy fact that in large num­
In the railroad world the developments daring the bers of cases the high points of the year were made
year were of the highest importance. In the opening subsequent to May. This indicates that as concerns
month Mr. J, P. Morgan purchased control of the many special stocks the upward movement was re­
Central Railroad of New Jersey and turned it over to sumed after the panic. Nor were the low figures of
the Reading. With his previous purchase of the Penn the year by any means recorded in all instances during
sylvania Coal Company in the interest of the Erie, the panic; violent though the break was during said
this meant the effective control of the anthracite collapse, it was not sufficient to carry prices back for
trade. In February the Union Pacific interests, rep. every stock to the figures from which the upward
resented by the Harriman-Kuhn, Loeb & Co. people, movement started early in the year. Aggregate stock
who already dominated the Chicago & Alton, the sales on the New York Stock Exchange for the twelve
Illinois Central, the Kansas City Southern and other months were 265,944,659 shares, which compares
roads, made a master stroke in acquiring the Southern with 138,380,184 shares in 1900, 176,421,135 shares in
Pacific. The same month Missouri Pacific interests 1899, 112,699,957 shares in 1898, 77,324,172 shares in
acquired control of the Denver & Rio G-rande, which 1897 and 54,654,096 in 1896. Stock Exchange mem­
latter subsequently absorbed the Rio Grande Western. berships advanced from about $49,500 to $80,000.
Below we bring together some general statistics for
In April Gould interests likewise acquired the Wheel
ing & Lake Erie. In April also the Chicago Bur­ 1901 and 1900, affording an interesting contrast be­
lington & Quincy was acquired in the joint inter­ tween the two years. The data for 1901 are neces­
est of the Northern Pacific and the Great North­ sarily largely estimates, as the year has only just
ern, after an unsuccessful attempt had been made closed. The same table is incorporated in our annual
“ Financial Review,” and there the 1901 figures will
to acquire the Milwaukee & St. Paul road.
The contest for control of Northern Pacific between ' appear in their final corrected form.
G ENERAL SU M M ARY FOR TW O YEARS.
Union Pacific and the Great Northern interests, to
which this last move gave rise ia May, is too recent to
1901.
19C0.
need extended mention. The upshot of the matter was Coin and Currency in U. S. Dee. 31..$ 6 2,543,597,491 2,449,021,001
the organization in November of the Northern Securi Bank clearings in United States...... $ 118,525,834,548 86,205,688.683
Business failures......... .............
113,092,376
138,495,673
ties Company with $400,000,000 capital to acquire own­ Sales at N. Y. Stock Ex change, shares.
*/65,944,659
138,380.184
Grain and flour at Prod. Exoh’e.bush.
869,516,075 1,095,532,330
ership of both the Great Northern and the Northern Imports of merchandise (11 mos.)..$
800,426,231
760,452,507
(11 mos.)..$
Pacific. Among some of the other events of the year Exports of merchandisemos.)......... $ 1,328,18 131 1,332,05 ',242
Net exports of gold ; i l
2,790,637
c 9,638,383
708,250,849
640,797,779
may be mentioned the absorption by the St. Louis & Gross earnings 98 roads (11 mos.) ...$
Railroad constructed............. ..miles.
est. 4,750
4,157
San Francisoo of the Kansas City Fort Scott & Wheat raised.................... ....bushels. est. 700,000,000
522,229,505
Corn raised........................... bushels.Memphis and the Kansas City Memphis & Birming­ Oats raised....... ..................bushels. 1,360,000,000 2,105,102,516
660,000,000
809,125,989
Cotton raised................
(?)
10,425,141
ham, and the acquisition in the same interest of the Pig iron produced, (tons ...........bales. est. 15,750,000
of 2,240 lbs.)
13,789,242
2,383,654
Mexican Central and the Monterey & Mexican Gulf; Steel rails, Bessemer (tons of 2,210 lbs) est. 2,600,000
Anthracite coal... (tons of 2 240 lbs.) est 53,000,000
45,107,486
the purchase by a syndicate represented by Speyer & Petroleum (runs) production....bids.
132,900,000
135,489,582
a 441,725
U. 8
____ No.
472,126
Co. of the Mexican National and the Mexican Inter­ Immigration into end’s...___ 30) acres
10,797,7 M
l
Pub.land sales (yr.
June
9,657,313
national; the taking over by the Southern Railway of I The >e are toe old Pipe tone runs; toe Buckeye runs were 18,600,000 in 19 *1 and 18.329.970 bids, in 1900.
* Estimated.
a For ten
the Mobile & Ohio, &c.
moutos only, b These figures are for Deo. 1. o Net imports.
J A N U A R Y . — Current Events. — The great speculation
On the Stock Exchange the year will be memorable
distinguished the
of 1900, as the result
for the wildest kind of speculation. Up to the time which defeat of Bryanism,closing' weeks further developmeu t.
of the
attained still
of the May panic there seemed to be no limit to the The purchase by Mr. J. P, Morgan of the Central Railroad
volume of business or the upward flight of prices. A of New Jersey in the interest of the Reading Company proved
an additional stimulating
record total of two million shares a day was reached, upon the purohase of the agency. This, following-so quickly
Pennsylvania Coal Company, was
only to be succeeded a little while after by sales of accepted as meaning the complete harmonizing of the an-

Janu au y 4, 1002. |

THE CHEONLCLE

7

tlxracite coal interests, and also regarded as a prelude toother declaring 2 p. c. Now York Chic. & St. Louis began on its
combinations in the railroad and industrial world. A memor­ second prof, shares, declaring 2 p. c. The quarterly dividend
able event during the month was the death of Queen Victoria on Pressed Steel com. was reduced to the basis of 4 p. c. per
on the 22d, after an illness of only a few days. The Queen annum, against 6 in 1900. The dividend on Term.Coal Iron &
had reigned so long'(over sixty-three years) and was so uni­ RR. com. was passed. Action, on the American Steel & Wire
versally respected, her death evoked expressions of regret com. dividend was deferred until March. The United States
and sorrow which have had few, if any, parallels in the his­ Rubber Co. reduced the quarterly dividend on itspref. stock
tory of nations. Our Stock Exchange, Produce Exchange, from 2 p. c. to 1 p. c. Morgan-Drexel interests acquired
Cotton Exchange, the leading Southern Exchanges, the Chi­ an additional block of Lehigh Valley stock. Burling­
cago Board of Trade and the Philadelphia and Boston Stock ton & Quincy offered 10 p. c. of new stock (about $10,000,000)
Exchanges, besides many others, were closed on tins day of at par to shareholders of record Feb. 7—see Chronicle Jan.
the funeral (Feb. 2), and other unusual tributes were paid to 19, p. 136. The Erio RR. Co. announced the issue of $32,her memory. She was succeeded by the Prince of Wales, who 000,000 4 p. c. collateral trust bonds and $5,000,000 of new
took the title of Edward the Seventh. A earner in the Jan­ first preferred stock to finance the Pennsylvania Coal pur­
uary option for cotton on the New York Cotton Exchange chase, etc., $4,000,000 more bonds being held in reserve for
carried the price of this option in one hour on the 28th up improvements. The American Smelting & Refining Co. ar­
from 10*30 cents to 12*75 cents. Spot cotton (middling up­ ranged to increase its stock from $65,000,000 to $100,000,000
land) advanced to 12 eents(from 10% cents on the 26th), but in order to purchase the business of M. Guggenheimer &
on Jan. 31 dropped t o l l cents and on Feb. 1 to 10 cents. These Sons. The stock of the North American Co. was reduced
fluctuations further unsettled the dry goods trade, though a from $40,000,000 to $12,000,000 by a proportionate reduction
purchase of 150,000 pieces of print cloth at Fall River at the of the share holdings. The Reading Company arranged to
full price of 3% cents per yard was reported. Sharp declines issue $23,000,000 collateral trust 4s (part of a total issue of
occurred abroad in metal prices; in this country the price of $45,000,000) to provide in part for the cost of the purchase of
billets was advanced from $19 75 to $22. For the first time Central New Jersey shares; the bonds were offered for sale
in the history of the tea trade dealings in tea for future de­ the next month by J. P. Morgan & Co.
The Money Market — Growing ease characterized the money
livery were begun on Jan. 21—at the New York Coffee Ex­
change. In the U. S. Senate the Committee on Finance on market during January, notwithstanding the gold outflow
the 24th reported a substitute for the W ar Revenue Reduc­ to Europe. Currency came back from the interior in large
tion bill which had passed the House of Representatives the volume, besides which cash in Sub-Treasuries was reduced
previous month. Following the suspension of the London & $6,713,781 during the month. The money holdings of the
Globe Finance Corporation, Ltd., on Dec. 29, the Bank of Clearing House banks rose from $225,073,200 Dec. 29,1900, to
8,200 Feb. 2,1901; the surplus reserve increased from
England on the 3d advanced its discount rate from 4 to 5 per $267,31
cent; later the monetary tension in London relaxed. The $11,525,900 Dec. 29 to $30,799,450 Jan. 26, but fell the next
federation of the Australian colonies became effective Jan. 1, week (owing to a great expansion in the deposits) to $24,inaugurating a new united commonwealth. It was announced 838,825. Loans increased in the five weeks from $796,457,200
that the India Government had accepted the Indian Cur­ to $871,808,200, and deposits from $854,189,200 to $969,917,500.
rency Committee’s proposal of 1898, providing that the profit This striking expansion was ascribed to the activity of Stock
on the coinage of rupees be kept in gold as a special reserve, Exchange speculation, and to the financing of a number of
entirely separate from the paper currency reserve or ordinary very large undertakings, amongthemthe Pennsylvania Coal
treasury balances. The order became effective in April. A deal, the Central of New Jersey deal, together with prepa­
portion of a 40,000,000 marks 3 per cent loan of the Kingdom rations for the transfer to new parties of the control of the
of Saxony was placed]liere—see Chronicle of Jan. 26, p. 163. Southern Pacific, this latter purchase being announced on
Raw oad Events and, Stock Exchange Matters.—Speculation Friday, Feb. 1. Money rates steadily declined. On call at
on the Stock Exchange attained extraordinary proportions, the Stock Exchange the rate touched 6 per cent the. first two
eclipsing all previous records. The stock sales reached 30,- days of the month, incident to the large 1st of January pay­
285,055 shares, being the largest total up to that time of any ments, but thereafter the highest figure was 5, and by Jan.
month of any year, and comparing with 24,251,983 shares in 31 the quotation was l%(a2. A t banks call loans at the close
Jan., 1899, the previous maximum. The movement culmi­ were obtainable at 2 per cent, while time loans were 3 for
nated, however, for the time being in these extraordinary thirty to sixty days, 3@3% for ninety days to five months
transactions. The climax may be said to have come soon after and 3% for six months. For commercial paper the prices
the announcement of the purchase of the Central of New Jer Jan. 31 were 3@3% for sixty to ninety day endorsed bills re­
sey by Mr. J. P. Morgan. A t the beginning of the month ru­ ceivable, 3%@4 for prime four to six months single names
mors of all sorts of combinations among the railroads were and 5 for good single names.
Foreign Exchange, Silver, &c.—Foreign exchange advanced
afloat. In particular it was very positively stated that the Gt.
Northern, the Northern Pacific and the Chicago Milwaukee throughout the month, and with money easy here and in
& St. Paul were about to be united. On Friday the 4th Mil­ active demand in London an outflow of gold to Europe oc­
waukee & bt. Paul common stock suddenly moved up from curred. The Bank of England, after having avoided an ad­
145 to 158% (the next day it advanced to 162), and dealings vance in its discount rate in December, was obliged on the
in all the active properties were on an enormous scale. On 3d to advance its minimum from 4 to 5 per cent, being the
Saturday the 5th the announcement came that Mr. Morgan first change since the previous July. The monetary tension
had bought the Central of New Jersey (the price it subse­ arising out of the suspension Dec. 29 of the London & Globe
quently appeared was 160) and turned it over to the Reading. Finance Corporation, Ltd., seems to have been the main oc­
Speculation then ran wild and the fluctuations were exceed­ casion for this step. In the open market London discounts
ingly wide. The sales for the two hours (Saturday being a of sixty to ninety day bank bills were 4% per cent, but sub­
half holiday) aggregated 1,152,793 shares, a total never ap­ sequently there was a decline to 4(34%. "The Bank of Eng­
proached on any previous Saturday half day. The following land gained heavily in bullion during the month, gold com­
Monday, the 7th, the recorded transactions passed the two- ing back in large amounts from internal circulation. There
million mark, reaching 2,127,503 shares. A fter the 9th the was scarcely any recession in exchange, and Jan. 31 rates
sales frequently dropped below a million shares a day. Prices on actual business for sixty-day bills were 4 84%@4 84%,
at the same time sharply reacted. From 162 on the 5th Mil­ against 4 81%@4 81% Dec. 31; for sight 4 8804 88%, against
waukee & St. Paul common by the 21st got down to 142%; 4 85%@4 85%, and for cable transfers 4 88%@4 89, against
the close on the 31 was at 151%. Special stocks, however, 4 86@4 86%. The first shipment of gold was made on Thurs­
st
pursued an independent course. Delaware & Hudson, on an day the 17th and further amounts went on the 24th and the
1
increase in the dividend from 5 p. c. per annum to 7 p. c., rose 3 st; altogether $8,095,8-:9 was sent from New York, all to
from 128% on the 3d to 162% on the 12th. The reaction in Paris. A t the Continental centres easier monetary condi­
the general market followed in part because of the great tions developed, and discounts of bank bills at Berlin and
weakness of the iron and steel shares, which were adversely Frankfort dropped to 3%@3%, against 4%@4% Dec. 31. A t
affected by the announcement that the Carnegie Company Paris the rate Jan. 31 was 2%@3 and at London, as already
intended to erect a plant for the manufacture of merchant stated, it was 4@4%. In silver there was a sharp decline.
pipe (one of the products of the National Tube Company) From 29 9-16d. Dec. 31 the price in London dropped to 27%d.
and otherwise enter into active competition with the steel Jan. 30, notwithstanding steady purchases by the India
concerns. National Tube common sold down to 53% on the Government. The close Jan. 31 was at 27 15-16d.
14th, against 70 on the 2d. Federal Steel com. fell from 59
F E B R U A R Y .—Current Events.—In this month for the
on the 2d to 41 on the 29th, and American Steel & W ire com.
from 47% on the 2d to 38 on the 21st. Some recovery ensued first time the deposits of the New YorkClearing House banks
when it appeared that negotiati®ns were pending for avert­ reached a thousand million dollars, the statement for Feb­
ing the threatened trouble. The latter part of the month ruary 16 recording a total of $1,011,329,000. For the first
the tone was again strong, influenced by an active specula­ time also in the country’s history a thousand-rnillion-dollar
tion at higher prices in the Gould shares and other South­ corporation was floated. The two, though not related
western properties Missouri Pacific, St. Louis Southwestern, events, wex-e indications of the financial strength as well as
Missouri Kansas & Texas, the Wabashes, etc. Mobile & Ohio the industrial pi-ogress and development of the United
stock advanced from 44 Jan. 21 to 69% Jan. 31; on the latter States. The new company was the work of Mr. J. P. Mox-date the Southern Railway issued a circular giving the terms gan. To avert destructive competition in the iron and steel
agreed upon for taking over the road. Louisville & Nashville trades Mr. Morgan’s house undertook to unite under a
increased its semi-annual dividend from 2 p. c. to 2% p, c. single control the leading iron and steel companies in the
Sav. Fla. & Western paid 4, against 1% in Jan., 1900. The country. The United States Steel Corporation was organ­
Pere Marquette began dividends on its preferred shares, de­ ized with an original authorized capital of 1,154 million dol­
claring 4 p. c. The New York Philadelphia & Norfolk an­ lars (425 millions common stock, 425 millions preferred and
nounced its first dividend, namely 2 p. c. The Annual pay­ 301 million bonds), but its scope was further enlarged the
ment on Texas Central preferred stock was increased to 5 next month. The new company absorbed the Cai’negie
p. c. The Buff. Rooh. & Pittsburg began on its corn, stock, Company (the whole of the 304 millions of bonds being used

8

THE CHRONICLE

[You LXXIV-

to acquire the bonds oi that company and 60 per cent of its the growth in deposits, which Feb. 16 passed the 1,000 mil­
stock), the Federal Steel Company, the National Tuce Com­ lion mark, and March 3 were $1,012,514,000. The money
pany, the American Steel & W ire Company, the National i holdings fluctuated considerably, but March 3 were $267,Steel Company, the American Tin Plate Company, the 929,600, against $367,318,200 Feb. 2. Surplus reserves were
American Steel Hoop Company and the American Sheet $24,838,825 Feb. 3, $13,853,450 Feb. 16 and $14,801,100 March
Steel Company, The list was increased by two other large 2. There was a further large increase in loans, these being
companies the next month, The undertaking involved a $914,209,400 March 3, against $871,808,200 Feb. 2. No im ­
guaranty syndicate of $200,000,000. In the railroad world, portant change in money rates occurred. On call at the
too, important further unifications of large interests oc­ Stock Exchange rates Feb. 28 were 1%(J2, and banks and
curred, The most notable of these was the announcement trust companies quoted 2 p. c.; on time rates were 3 p. o.
on the 1st of the month that Union Pacific parties had for* sixty days to four months and 8% for live to six
bought control of the Southern Pacific. The iron trade con­ months. Commercial paper was 3% at the close for
tinued buoyant. The cotton goods trade remained unsatis­ double names, 3%@4% for prime and 4%@5 for good single
factory. A t a meeting of the Southern Cotton Spinners’ names.
Association at Charlotte, N. O,, on the 16th, it was voted to
Foreign Exchange, Silver, Etc —Foreign exchange was
reduce the production of cotton yarns for four months be decidedly irregular, but with the tendency of prices downginning March 1, The price of print cloths at Fall River war i under lower discounts in London; the Bank of Eng­
was marked down from 8% to 8 cents. Middling upland land red used its minimum from 5 to 4% on the 7th and to 4
cotton in New York was lb t cents Feb. 28, against 10 Feb. on the 21st. Its bullion holdings were further largely in­
I. The United States Senate on the 6th passed with some creased. The Bank of Germany reduced from 5 to 4% on the
amendments the W ar Revenue Reduction bill reported by 26th and the Bank of Austro-Hungary Irom 4% to 4 on the
the Finance Committee; on the 38th both Houses of Con­ 28th. There were no more exports of gold to Europe. Ster­
gress adopted the conference report on the measure. The ling further advanced early In the month, and Feb. 4 rates
authorities at Washington having under the Dingley Tariff were 4 84%@4 85 for sixty-day bills, 4 88%@4
for sight
A ct placed countervailing duties upon a cargo of beet and 4 89@4 89% for cable transfers. A fter that "there were
sugar coming from Ru-sia to offset supposed bounties successive ups and downs at short intervals. The low point
granted to sugar producers in that country, the Russian was reached on the 18th and again on the 20th, when the
Government directed that, beginning March 1, the tariff figures were respectively 4 83%@4 84, 4 87@4 87% and 4 87%
duty upon a long list of manufactured articles exported @4 88 for the three classes of bills. The close on the 28th
from the United States be increased 80 per cent. Congress was at one half cent advance from these figures. -Open
passed a bill providing for the Louisiana Purchase Exposi market discounts in London declined to 3%@3% per cent,
tion at St. Louis in 1908, and making an appropriation of but recovered to 3%(§3%. A t Paris there was a decline to
$5,000,000 for the same. The Pacific Mail steamer City of 2%@2% and recovery to 2%@3%, while at Berlin and
Rio de Janeiro ran on a hidden rock during a dense fog Frankfort the rate advanced to
Home recovery
while entering the Golden Gate on the morning of Feb. 33, occurred in silver, and the price closed at 28 3-16d. Feb. 28,
resulting in the loss of the s'earner and of considerably against 27 15-16d. Jan. 81.
over a hundred lives. Messrs. Knauth, Nachod & Killine
placed $1,000,000 4 per cent bonds of the Republic of Switzer­
M ARC H .—Current Events,—Mr. J. P. Morgan’s efforts to
land (part of an issue of $15,000,000) in this country.
establish the United States Steel Corporation met
Railroad Events and Stock Exchange M tiers,—The pro­ a degree of success rarely attained in undertakings of
jected combination of the iron and steel properties was the large magnitude. On the 20th, when the time for the de­
most potent influence on the Stock Exchange during Feb­ posit of the shares of the constituent companies expired,
ruary. Early in the month, when it appeared that the ob­ the smallest percentage of deposits in any case was 92, run­
stacles to such a combination had been overcome, great ac ning’from that up to 99. An extension of time having been
tiv ity and buoyancy developed. Later the market halted granted up to and including April 1, the lowest percentage
and often disp'ayed weakness, awaiting details of the then was 96%. Arrangements were also made to take in
scheme, since in the case of the companies to be absorbed the American Bridge Co. and the Lake Superior Consolidated
so much depended upon the terms upon which the shares Mines Co. The authorized stock of the U. S. Steel Corpora­
were to be exchanged. It was not until the 26th that these tion was increased from $425,000,000 com. and $435,000,000
terms became known, The figures in many instances varied pref. to $550,000,000 of each class, or 1,100 millions together,
greatly from current estimates, making a readjustment of the bond issue remaining at $304,000,000. President McKinley
Stock Exchange values of the various companies necessary. was on the 4th inaugurated for another term of four years,
Some wide and erratic fluctuations resulted as a conse­ and re-appointed all the members of his old Cabinet, but
quence, and the month closed with the iron and steel Attorney-General John W . Griggs retained his office only
stocks showing considerable declines. Federal Steel com­ temporarily, and was succeeded on the 5th of April by Phi­
mon closed at 48 Feb, 28, after having sold at 55% Feb. 7, lander Chase Knox. The W ar Revenue Reduction Bill
and opened 44% Feb. 1; American Steel & W ire common (estimated to reduce Government revenues about 40 million
closed at 88% Feb. 38, after having sold at 53% Feb, 11 dollars) became a law with the President’s approval on the
and opened at 44% Feb. 1; and National Tube'common 21. Except in minor particulars its provisions did not go
closed at 5 L%, after having sold at 70% Feb. 6 and opened at into effect until July 1. Government revenues largely ex­
59 Feb. 1. The course of railroad stocks was much the ceeded disbursements, and cash in sub-treasuries increased
same, though the fluctuations were not so wide, and many $13,838,085 in March on top of $7,838,140 increase in Febru­
stocks moved in independent paths, establishing further ary. Abroad there were a number of disturbing affairs.
marked advances. Delaware & Hudson, after a decline to Expectations of the early close of the South African war
151, rose to 174% on the 18th on unfounded rumors o f a were disappointed owing to the failure of the Boer General
lease to New York Central. General Electric advanced from Botha to accept the tei'ms of surrender offered by Lord
190% Feb. 1 to 318 Feb. 20. The share sales for the month Kitchener; much anxiety was also occasioned at one time in
reached 21,903.822 shares. As stated above, the Union Pa­ European political circles by a threatened collision between
cific RR. acquired control (buying between 70 and 80 mil­ the Russian and English troops at Tien-Tsin in China, be­
lions stock) of the Southern Pacific; an issue of 100 m il­ cause of a dispute concerning a piece of land; news came on
lions convertible 4s was created to pay for this and other the 21st that the trouble had been smoothed over through
purchases and to be offered to Union Pacific stockholders diplomatic channels by the joint withdrawal of English
at par. The bonds w.-ra listed the latter part
of and Russian troops from the disputed territory. Owing to
May, E. H. Sarriman purchased the large German holdings t ese events the English financial markets were very much
of Chicago Terminal Transfer RR. stock, placing him and his unsettled, and British consols declined from 97 9-16 Feb. 28
associates in control. The organization of the Railroad Se­ to 95% March 25, closing Saturday, March 80, at 95 9-16. A
curities Company by parties identified with the Chicago & highly important favorable development in the Philippine
Alton, Union Pacific, Kansas City Southern, etc., was also Islands was the capture, through a clever piece of strategy,
announced; the new company had at that time bought $8,- of Aguinaldo, the leader of the Filipiro insurgents, by Gen.
000,000 Illinois Central stock, and was to make other pur­ Funston of the United States forces. The cotton goods
chases of high-class shares. Missouri Pacific ^interests ae trade continued unsatisfactory. The price of middling up­
quired considerable Denver & Rio Grande stock, and George land cotton in New York declined from 9% cents Feb. 28 to
J. Gould entered the directory of the company. An attempt 8 1-16 cents March 27, closing March 30 at 8 3-16. Print
was made in the courts to enjoin the carrying out by the cloths were reduced from 3 cents to ‘4/s i the Fall River mills
Erie RR of the purchase of the Pennsylvania Coal Company, agreed to curtail production. The iron ai d steel trades re­
but failed. The semi-annual dividend on Reading 1st pref. mained buoyant, with further sharp advances in prices.
was increased from 1% to 2 per cent, that on St. Louis & Some talk of another strike in the anthracite regions was
San Francisco 2d pref. from 1 to 1%, while the Kansas City heard, as the six months for which the 10 p. e advance in
Fort Scott & Gulf declared 4 on common, being the first wages had been made the previous October was to expire
dividend since 1891. The Baltimore & Onio RR. offered to in April, but all likelihood of trouble was avoided by the
its shareholders at par $15,000,000 of 4 per cent convertible action of the companies in announcing, one after another,
debentures, issued for construction and improvements. In that the advance in wages would he continued for a year
pursuance of an arbitration the holdings of Thomas F. Ryan from April t; the officials of the United Mine Workers came
in the constituent properties of the Seaboard A ir Line sys­ to New York threatening a strike anyway unless their or­
tem were transferred to Pres dent John Skelton W illiams, ganization was recognized, but finally were obliged to drop
Notwithstanding the continuance of the
thus ending litigation with regard to the consolidation. A their demand.
controlling interest in the Kansas City Fort Scott & M em ­ South African war, the news came that permission had been
phis and the Kansas City Memphis & Birmingham was sold given to resume gold mining operations (which had been
suspended since the outbreak of the war) at some of the
to parties identified with the St. Louis & San Francisco.
(» The Money Market.—Surplus reserve of the New York mines at Johannesburg. Amendments were incorporated in
Clearing House banks sharply declined, mainly owing to the Arm y Appropriation Bill conferring upon the .President

Ja nu a r y 4, 3902. |

TH R OH RON! OLE.

9

.cl-i -1rr~:
— —
*
stocks. Commetcial paper closed at 3%(24 for double names
and 4(tt4% for prime and 5 for good single names.
Foreign Exchange, Stiver, &c Exchange was variable tin
first few days, but after that sharply advanced. The unset
tied markets abroad (occasioned by the disturbing influences
above noted and particularly the Tientsin episode) and the
rise in prices on our Stock Exchange were apparently the
most potent influences. Both circumstances induced selling
of foreign-owned American securities, and tbe resulting do
mand for exchange to remit in payment caused sterling to
move steadily upward. The latter part of the month the
National City Bank shipped $245,318 gold to Paris. On ao
trial business rates March 1 opened off one quarter cemfc, at
4 84(94 84% for sixty-day bills, 4 87%@4 87% for sight anti
4 88#4 88% for cable transfers. The close was at 4 84%(&4 85,
4 88(24 88% and 4 88%(24 89, which v as one quarter cent be
low the rates on the 28th, the highest of the month. Open
market discounts in Europe advanced on the disquieting
political events. The German money market was also af
fected by the pendency of the German Imperial loan for
300,000,000 marks v hich was offered April 3; the close was
3%(«3% at London, 2% at Paris and 4 at Berlin, Hie latter
having at one time been 4%. Silver was weak ar d declined
from 28 3-16d. to 27 5-16d., the orders of the India Govern­
ment for the current financial year having been completed.

certain wide but ueedful powers in connection with the gov­
ernment of the Philippines, and also specifying the desires
of the United States as to this country’s future relations
with Cuba. The British Government refused to accept the
Senate amendment's to the Hay-Paunoofote treaty, and that
particular treaty failed; another was agreed on later. Presi­
dent McKinley issued an executive order abolishing the
Cuban export duty on tobacco from April 1. Lazard,
Speyer-Ellisen of Frankfort, Germany, took a 3)4 p. c. mu­
nicipal loan of Frankfort for 15,000,000 marks (about $3,750,000) for re-sale in tbe United States through Speyer &
Co. of this city. F J. Lisman & Co. offered $3,700,000 (part
of an issue of $12,505,000) of city of Dresden, saxony, 4 p. c.
bonds. New laws enlarging the investment field of the
savings banks were passed in this and the following month
in New Hampshire, New York, N ew Jersey and Connecti­
cut. (See Chronicle April 20, page 752, and May 4, page
850.) Bills taxing trust companies 1 p. c. annually on their
capital, surplus and undivided px-ofits, imposing a tax of 1
p. c. on the gross amount of premiums received by insurance
companies on business done within the i-tate, and 1 p. c. on
the par value of the surplus and undivided earnings of sav­
ings banks, were signed by Governor Odell at Albany. These
were fo lowed in April by a bill taxing bank shares 1 p. c.
upon capital, surplus and undivided profits, completely
changing the old method of taxing these shares. (See Chron ­
A P R IL .— Current Events.— The British Government is­
icle May 4, 1901, page 851.)
Railroad Events and Stock Exchange Matters.—The specu­ sued £60,000,000 new consols, and a large part was taken in
lation for higher prices was resumed with increased vigor, this country. Only £30,00 ,000 was publicly offered, the
and marvelous further advances were recorded all through other half having been placed beforehand—£10,000,000 hav­
the list. The great success attending the formation of the ing been taken by J. S. Morgan & Co. of London, £11,000,000
United States Steel Corporation gave added impulse to the by the Rothschilds and £9,000,000 by the Bank of England.
upward movement. The speculative atmosphere was filled For the £30,000,000 publicly offered, Messrs. J. P. Morgan &
with rumors and reports of deals and new combinations. Co and Baring, Magoun & Co. of this city, Drexel & Co. of
Burlington & Quincy was most conspicuous in this respect, Philadelphia and Kidder, Peabody & Co. of Boston were
its absorption by the Great Northern Railw ay and the authorized to receive subscriptions to forward to the Bank
Northern Pacific being foreshadowed. In Delaware & Hud­ of England. The issue price was 94%. It was estimated
son the old story of a contemplated lease by New York Cen­ that the subscriptions in this country and from persons here
tral was revived. Aside, however, from mere rumors, who applied direct to London aggregated $150,000,000. The
actual developments were important. The Denver & Rio allotments were 35 p. c. on applications forwarded by the
Grande arranged to absorb the Rio Grande Western and to American banking houses above, hut only a little over 13 p.
issue new stock for the purpose; Pennsylvania Railroad c. on British home subscriptions. Earlier in the month Sir
Michael Hicks-Beach, Chancellor of the Exchequer, intro­
shareholders authorized 100 millions new stock and 50 mil
lions was at once offered to stockholders at, 120; the Great duced his budget providing for levying certain new taxes in
Northern Railway offered 25 millions new stock to its share­ addition to crtating the £60,000,000 loan; the principal feat­
holders at par, but with 20 per cent credited on the same; ures were two pence increase in the income tax, making it
Milwaukee & St. Paul allotted $8,822,520 new stock at par. Is. 2d. per £; an import duty of somewhat less than %d. per
The latter company also raised its common stock dividend pound on sugar and an export duty of one shilling per ton
from 5 per annum to 6; the dividend on Southern Railway on coal, some modifications of these last two being made in
preferred was likewise increased. As illustrating the re­ June. The proposals were all subsequently adopted. A n ew
markable advances which occurred (taking the extreme German Imperial loan for 300,000,000 marks was brought out
high and low points for the month), Burlington & Quincy in Germany, and the subscriptions aggregated sixteen times
rose from 143)4 to 176)4, Rock Island from 122% to 136, that amount, a feature being French subscriptions for four
North West, common from 172 to 184%, Delaware & Hudson times the amount of the loan. Mr. J. P. Morgan while in
from 162 to 174%, Lackawanna from 192 to 220, Missouri Europe arranged to purchase control of Frederick Leyland
Pacific from 87 to 103%, Erie common from 27% to 37%, & Co., Limited, operating the Leyland lines of steamers. The
Reading 2d preferred from 40 to 51%, Denver & Rio Grande Secretary of the United States Treasury began April 2 to
common from 87% to 49% and Nickel Plate common from purchase United States bonds for the sinking fund, taking
19% to 37%. The Steel stocks and industrial shares also the short-term bonds at a price netting the same rate of r e ­
sharply advanced. The sales for the month reached 27, turn as the new twos at the then current quotations. The
060.968 shares. The U. S. Steel stocks (when issued) deal­ purchases for the month aggregated $6,150,050 (all 4s of
ings began on the curb on the 26th of the previous mouth 1907) at a cost of $6,985,135. Treasury cash was reduced only
(the opening sale being at 38 for common and 81 for pre­ $4,339,475. As a result of the discovery of oil the previous
ferred); on March 28 they were admitted to the unlisted de­ January at Beaumont, Tex., a great speculative fever over­
partment of the Stock Exchange, the range for the rest of spread Texas and adjoining States. The somewhat simi­
the moruh being 42% to 46% for common and 92% to 96% lar oil lever in California was an earlier development.
for preferred. The shares were admitted to the regular list Print cloths at Fall River were further reduced % cent, to
on the 4th of the next month (A p ril). Bituminous coal rates 2% cents. A strike at McKeesport, at the W. Dewees Wood
to tide-water were increased 10 cents per ton, beginning plant of the American Sheet Steel Co,, one of the constituent
April 1. Clinton L. Rossiter retired as President of the companies of the United States Steel Corporation, was
Brooklyn Rapid Transit Co. American Smelting & Refin­ thought to involve possibilities of a general strike; but
ing stocks were adversely affected by a decision enjoining through conciliatory methods the trouble was quickly ad­
the issue of stock for the absorption of the property of M. justed. The price of steel rails was advanced from $26 to
Guggenheim’s Sons; the consolidation was effected early #28, beginning May 1. A corner was engineered in corn, and
the next month by agreement between the contending par­ the May option in Chicago at the close of April approached
ties, thus restoring good relations with Standard Oil inter­ 50 cents, going still higher the next month. Wheat, after an
ests. The Mexican National Construction Company’s hold early decline, also advanced, the extremes of the May option
ings ia the Mexican National RR. were sold to Speyer & Co. at New York being75% cents April 9 and 81% cents April 27.
of this city. Control of the Mexican Central passed to the On April 15 Chicago Board of Trade quotations,the sending of
H. Clay Pierce syndicate of St. Louis, the dominant interest which had been suspended the previous August, were again
recorded on the “ tickers” here, the differences between the
in St. Louis & San Francisco.
The Money Market.—Owing chiefly to the absorption of Board of Trade and the telegraph companies having been
money by the U. S. Treasury, money holdings of the Clear­ arranged. The Agricultural Bureau at Washington made
ing House banks dropped from $267,929,600 March 2 to $258,- the condition of winter wheat the best in years, the aver­
941,800 March 30, and surplus reserves were reduced from age being 91-7 April 1 and 94’1 May 1. Incessant rains from
$14,801,100 to $7.870 500. While rates advanced slightly, April 18 to April 21 occasioned severe floods in the Ohio
various large calls for money were effected without the least River and its tributaries, interrupting railroad operations
derangement of the market A t the beginningof the month and stopping business, and much damage was done in West­
$20,000,000 was paid by Union Pacific interests on account ern Pennsylvania (particularly at Pittsburg) and in Ohio,
of the Southern Pacific purchase; the Pennsylvania Railroad West Virginia and Kentucky; damage from storms and
paid over six million dollars for the Long Island Railroad overflows also resulted in many parts of Southern New Eng­
stock purchased the previous year; on the '5th the Standard land. President McKinley, by executive order, modified
Oil Co. paid a 20 per cent di vidend requiring $20,000,000, and the Cuban tariff on cotton piece goods manufactured in the
on the 25th the call made by .1. P. Morgan & Co. on the United States beginning April 1. In the New York Legis ■
guaranty syndicate of the United States Steel Corporation lature the Stranahan Bill taxing ival estate mortgages % of
matured; this, being 12% per cent on $200,000,000 involved 1 p. c., but exempting them from local taxation, was aban­
$25,000,000. A t the Stock Exchange call money did not g it doned because of determined opposition. The bill for sub­
above 3 per cent, the range the last week being 2%(93. Time mitting to the people a proposition to expend $26,000,000 for
loans closed at 8% for thirty to ninety days and 8% for four the improvement of the Now York canals was killed in the
to six months. Fractionally higher rates were charged where State Senate. An issu« of $1,500,000 3% p. o. bonds of the
the collateral consisted entirely or largely of industrial I city of Montreal was taken by E. II. Gay & Co. Heidelbacb,

10

THE CHRONICLE

lckbltu-uinttr & Co. re c e iv e d subscriptions fo r $1,100,000 4 p.
o. bonds o f th e c ity o f Copenhagen, D enm ark, and part o f
the loan was placed in this cou n try, (See Chronicle April
18, page 704.)
Railroad Events and Slock Exchange Matters,—Specula­
tion on th e Stock E xch a n ge becam e m ore w ild ly ram pant
than before. N ew records w ere m ade again and again. On
Friday, the 10th, the sales reached 3,174,280 shares, ex c e e d ­
ing the to ta l fo r Jan. 7, w hen fo r the first tim e the tw o -m il
l i o n m ark had been attain ed.
The n ext M onday (th e 23d)
the business com prised 2,855,801 shares, on M onday, the
39th, the dealin gs footed up 2,619,736 shares, and on the 80th
the total reached 3,281,226 shares. T h e Saturday half-day
business also ran in excess o f the largest previous totals, the
sales on the 30th being 1,182,936 shares. On Saturday, th e
27th, th ere was no session. T h e E xch a n ge was m oved on
that d ay in to tem porary quarters a t the Produ ce E xchange,
w here business is being carried on pending the erection o f a
n ew Stock E xch an ge building. F o r the m on th the sales
a ggreg a ted 41,7)9,086 shares, this com p arin g w ith 30,285,055
shares in January, the previous m axim um . T h e term s of
th e B u rlin gton & Quincy deal w ere d e fin ite ly settled, Quincy
shareholders g e ttin g $200 in jo in t 4 p. c. bonds o f the G reat
N orth ern and N orth ern P a cific com panies fo r $100 in stock.
Out o f this com bin ation there g r e w rum ors o f numerous
oth er com binations. B u rlin gton & Q uincy rose fro m 172!!
to 1993!', N o rth ern P a c ific com m on from 93,5 to 119!!, U nion
!
P a cific com m on fro m 89^ to 120, M ilw aukee & St. Paul
com m on fro m 1511! to 175, N o rth W estern com m on fro m '83
to 212, R ock Islan d fro m 1351! to 165, B altim ore & Ohio
com m on fro m 903! f ° 1063!, N e w Y o r k C entral fro m 140l<! to
164-!!, C h icago & Eastern Illin o is com m on fro m 114 to 1353!,
A tch ison com m on fro m 6 1 !! to 7 8 !!, etc., etc., the h igh fig­
ures in m ost cases b ein g m ade on the last day o f the m onth.
U n ited sta tes Steel stocks a t first w ere w eak. F rom 49*!
and 9 ? !! fo r com m on and p referred , resp ectively, on th e 2d
there was a declin e to 453! and 9 3 !! on th e2 2 d ; then on
enorm ous transactions the price advanced, reach in g 55 and
1013! on th e 30th. T h e com m on stock o f Col. F u el & Iron,
an independent property, rose fro m 5 5 !! A p r il 1 to 108!!
A p r il 80, on acquisition of la rge am ounts b y John W . Gates.
A m algam ated Copper, on arrangem ents fo r consolidation
w ith the Boston & M ontana Copper & S ilver M in in g Co. and
th e B u tte & Boston Consolidated M in in g Co., and the restor­
ation o f frie n d ly relation s w ith th e A m e ric a n S m eltin g &
R e fin in g Co., w e n t up fro m 993! on the 1st to 128!! on the
20th; o w in g to litig a tio n , th e close on the 30th was a t 123!!.
A n n ou n cem en t was m ade th a t shareholders o f the Kansas
C ity F o rt S cott & M em phis could sell th eir com m on stock at
100 and th e ir p referred a t 150 as part o f the plan o f a change
o f ow nership in v o lv in g con trol by St. Lou is & San F ra n ­
cisco. R io G rande W estern com m on shareholders w ere o f­
fered $80 per share fo r th eir stock, w h ile the p referred
stock was offered 11 shares o f D en ver & R io G rande preferred
stock fo r 10 shares o f R io Grande W e s te rn p referred . M is­
souri P a c ific d irectors vo ted to increase com p an y’s author­
ized stock from $70,000,000 to $109,000,000, part to be used to
p a y fo r a block o f D en ver & R io Grande stock purchased.
A ld a c e F. W a lk e r o f the A tch ison and G eorge Coppell o f the
D en ver & R io Grande died. T h e W h e e lin g & L a k e E rie was
purchased b y a syndicate headed b y G ould interests, to be
used in connection w ith th e W abash.
The Money Market.— W it h bank reserves low , call loan rates
m ost o f the m on th ru led at co m p a ra tively h igh figu res—on
the 10th tou ch in g 7 p. c. The la tte r p art o f the m onth, w ith
surplus reserves again increasing, rates eased o ff som ewhat,
bu t on th e 30th the ran ge fo r ca ll loans was 8 )!@ 6 p. c. On
tim e th e ra te A p r il 30 was 33! @4 fo r a ll dates fro m 60 days
to six months. Paper th en was 4 fo r double names, 4 @ 4 !!
fo r prim e single nam es and 5@6 fo r good. Loans fe ll from
$916,889,900 M arch 80 to $882,067,300 A p r il 20, in creasin g to
$884,444,900 A p r il 27. Deposits dropped fro m $1,004,283,200
M arch 30 to $967,201,200 A p r il 20, re c o v e rin g to $9*0,790,500
A p r il 27. M oney holdings decreased fro m $258,941,300 M arch
30 to $250,260,500 A p r il 13, risin g then to $259,457,400 A p ril
27. Surplus reserves w ere low est A p r il 6 at $5,817,975, in ­
creasin g each w eek th e re a fte r to $16,759,775 A p r il 27.
Foreign Exchange, Silver, &e.— E xch an ge was stron g on
th e open in g day o f A p ril, w h en there was an advance o f onequarter o f a cen t fo r a ll classes o f bills, to 4 85@4 8 5 !! fo r
long, 4 88M@4 8 8 !! fo r short and 4 89(3)4 8 9 !! fo r cable trans­
fers. B u t this was qu ick ly fo llo w e d b y a declin e under the
d evelopm en t o f a firm m oney m ark et here coin cid en t w ith
som ew hat easier m on ey at the European centres. $505,003
gold was shipped to G erm an y on th e 2d and $1,002,631 to
P a ris on the 4th, bu t the decline in exch an ge then checked
th e outflow . B y the 10th rates w ere dow n on e-h alf cen t, to
4 8 4 !!@ 4 S ly ! fo r long, 4 8?3!@4 88 fo rs ig h t and 4 8 8 !!@ 4 883!
fo r cable transfers. B y the 22d rates w ere back again to the
figures o f th e 1st, lea d in g to th e resum ption o f gold exports,
some o f th e m etal g o in g d irect to London. A d ow n w ard
reaction fo llo w ed , w h ich le ft rates on the 30th th e same as
on the 10th. Some dem and fo r b ills was noted to re m it in
connection w ith the A m e ric a n subscriptions to the n ew
B ritish loan. T o ia l exports o f gold from this port fo r the
m onth were $4,893,395. The Bank o f G erm any on th e 22d
reduced its rate fro m 4 ! ! to 4. Iu the open m arket at B erlin
and F ra n k fo rt the ra te dropped to 33! A p r il 80. A t London
th e open m arket rate A p ril 30 was 3 ! ! and a t P aris 2%.
S ilv e r fu rth er declined to .36 15-16d. on th e 3d, but the close
A p r il 30 was at 27 3-lCd.

[V ol. LXXIY.

M A Y . — Current Events.— A s narrated in our stock m arket
below , a panic o f extra ord in a ry proportions developed on the
Stock E xch a n ge on the 9th o f this m onth. T h e panic
cam e
at a tim e o f g re a t bu oyan cy and a fte r sev­
eral m onths o f risin g prices, but there was no real
ground fo r the collapse in th e inherent conditions
w h ich d eterm in e values. F or this reason it was short­
lived. F o r the same reason the upheaval was w ith ou t
influence outside o f Stock E xch an ge circles. T h e U , 8.
Treasury was not called upon to resort to any unusual 'meas­
ures. T h e policy o f b u yin g bonds, inaugurated the previous
m onth, was continued, and a il bonds offered w ith in th e
price lim its fixed w ere taken; th e a ggrega te purchases w ere
$3,325,940, costin g $3,759,147. G overn m en t casii holdings
w ere $396,951,249 June 1, against $290,278,8 lOM ay 1. A Rus­
sian loan fo r 421,000,000 francs was brought out b y the
Rothschilds in Paris on the 23d and proved a grea t success,
B ritish Consols fu rth er declined, tou ching 9 3 !! on the 30th.
Iron production fo r the first tim e reached three hundred
thousand tons per w eek, being 301,125 tons M ay 1. P rin t
cloths at F a ll R iv e r dropped to 2% cents. L a b or troubles
w ere v e ry numerous. A strik e b y th e m achinists o f the
U n ite d States, M exico and Canada was begun on th e 20tb.
A strike on the U n ite d T ra ctio n of A lb a n y (w h ich lasted 12
days) cost tw o lives and necessitated the c a llin g out o f the
N ation al Guard. T h e corner in M ay corn at C hicago was
carried s till fu rth er, the price on th e 15th tou ch in g 60 cents;
the price M ay 31st was 4 3 !! cents. A g re a t fire at Jackson­
v ille , Fla., destroyed 136 blocks and alm ost w iped out
the city . The P an -A m erica n E xposition at B u ffalo was
opened M ay 1 and dedicated M ay 20. The U . 8. Supreme
Court delivered im p orta n t opinions re g a rd in g the status o f
the n ew insular possessions o f the U n ite d tales. In Downes
vs. C ollector B id w e ll o f N e w Y o rk , it was held, th a t “ the
Island of P o rto R ico is a te rrito ry appurtenant and belon g­
in g to th e U n ite d States, but not a part o f the U n ited States
w ith in th e reven u e clause o f th e C onstitution; th a t the Foraker A c t is C on stitu tion al so fa r as it imposes duties upon
im ports fro m such island.” In the D e L im a case, w h ich inv® lved the rig h t to co llect a d u ty on goods im ported in to
the U n ite d States from P o rto R ico after the ra tifica tio n o f
the T re a ty and before th e passage o f the F orak er A c t, th e
Court held (as in the other case) th a t upon th e T re a ty ra tifi­
cation the island had ceased to be fo reig n te rrito ry and th at
Congress not h a v in g a cted in the prem ises a t th at tim e no
d u ty could be collected.
Railroad Events and Stock Exchange Matters —T h e lon g
continued upw ard m ovem en t cu lm in ated on th e 9th o f M ay
in the w orst collapse in prices w itnessed on th e Stock E x ­
change since the panic o f 1873. T h e recklessness o f the
speculation and the e x tra o rd in a ry rises in prices had o f
course m ade the m ark et e x c e e d in g ly vu lnerable. A t this
ju n ctu re cam e h igh m oney rates and th e coin cid en t lock-up
or corner in N orth ern P a c ific com m on stock. This corner
developed w ith ou t design, it b ein g the result o f a contest
fo r con trol betw een the H arritn an -K u h n , L o eb & Co. people
on the one side and James J. H ill and J. P. Morgan & Co.
on the other. T h e trou ble was apparently p recip itated b y
purchases o f 200,000 shares o f stock b y S treet & N orton
on M onday th e 6th. T h e price advan ced th at d ay from 114
to 133; th e n ext day it rose to 1493! and on W ed n esd ay
g o t up to 180. Then it becam e alm ost im possible to b orrow
the stock fo r d elivery , and 80 per cen t had to be paid fo r its
use over n igh t. The n e x t day (Th u rsd ay the 9th. th e day
o f the p an ic) 300 per cen t was asked fo r one d a y ’s use o f
th e stock, and th e price ju m p ed to 1,000 on cash sales and
to 700 in the regu lar w ay. Sim ultaneously w ith each
succeeding day brokers had fou nd it m ore and m ore d iffi­
cult to supply th eir needs for m oney, rates risin g h igh er and
higher. On the 9th the tw o influences togeth er w orked
such h avoc in values as has ra re ly i f ever been seen, even
such a standard stock as D elaw are & Hudson su fferin g a de­
clin e o f 60 points on sales o f o n ly 1,800 shares. I t was then
th at re lie f cam e from the one d irection by the action o f a
syndicate o f banks and bankers in loaning large amounts
o f m oney and in th e oth er d irection b y the a greem en t on
th e part o f both J. F. M organ & Co. and K u h n , L oeb & Co.
not to en force deliveries o f N orth ern P a cific stock. These
tw o events arrested the panic and brought a quick rebound
in prices. This re c o v e ry was so rapid it was im possible to
execu te orders o f an y m agnitu de. N o t a single fa ilu re o f a
Stock E xch an ge house occurred. The m arket was n a tu ra lly
v e ry irregu la r fo r some tim e a fte r the panic, but the la t ­
te r part o f th e m onth a sustained advance occurred.
A s to the short contracts in N orth ern P a cific, both J. P,
M organ & Co. and K u h n , L o eb & Co. fin ally allow ed all to be
settled a t 150. T h e L on don m arket, it appeared im m e d i­
a te ly a fte r th e panic, was sim ila rly in vo lved as our own, and
Serious conseqenoes w ere feared; but the same course was
pursued th ere as here, deliveries not b ein g enforced, and
fin a lly a ll w ere a llow ed to close out th eir contracts at 158,
the London equivalent o f 150 here. One th in g th a t tended
to a g g ra va te the collapse in prices on Die day o f th e panic
was th at m an y o f th e specialists w ere aw ay, h a vin g broken
dow n under the grea t strain im posed by the phenom enal
a c tiv ity o f speculation in the w eeks preceding. Th is threw
the burden upon young, inexperienced bro.kera,some o f whom
lost th eir heads in th e dem oralization . One instance is r e ­
lated of a b roker w h o offered a certain stock dow n five and
ten points at a tim e— lite ra lly offered it to the post, there
bein g no crow d around that assem bling p oin t—unt il some

January

THE

4, 1902.]

C H RO NI C L E

one chanced along and took the stock. The sales May
9tli were 8,081,705 shares (not the maximum for a day), and
for the month they w e r e 85,292,203 shares.
As the
best way of showing the extent of the decline and the re­
covery both on the day of the panic and during the rest of
the month, we present the following table.
It gives (1)
the opening price May 1, (2) tho highest price in May before
the panic, (3) the highest, lowest and closing prices on the
day of the panic and (4) the closing price May 31.
O p e n in g
p r ic e
M a y 1.

7«
A tch ison Topek a & Santa F e
do
do
p referred .. .103%
B altim ore & Ohio, com .......... .10114
Canadian Pacific .......... ...... . 99%
Ohesapenk & O h io ................... . 41)
Chicago & A lion, com .............. . 41)
Chicago Burlington & Quincy. .IBS)
Chicago M il. & St. P a u l........... .171
do
do
p referred .. .104
Chicago & N orth W estern , com .210
Chicago Reck Island & Paciae.164%
D elaw are & H u dson ................ .ISO
Del. Lackaw anna & W estern.. .218
Erie, com m on............... ......... 42%
G reat N orth ern, p referred ..... 100%
Illin o is C entral......................... 144%
L o u is v ille & N a s h v ille ............ 109
M anhattan .............................. .12894
M etropolitan Street ............... 17394
Mo. Kansas & Texas, p r e f... . . 0594
.110
M issouri Pa cific..................
N ew Y ork C entral & Hud. Riv.103%
N . Y . Chic. & St. Louis, c o m ... . 35
N ew Y ork O ntario & W estern. 38
N orth ern Pacific, com m on..... 116%
Pen n sylvan ia............................ .157%
57%
Reading, 2d p referred .............
St. Lou is S ou thw estern.......... . 88$6
do
do
preferred.. . 67%
Southern P a c if ic .................... . 66M
Southern, co m m o n .................. . 31%
T e x a s & P a cific........................ . 4994
U nion Pacific, com m on........... .118
Wabash, p re fe rre d .................. 42%
M is c e l l a n eo u s.
A m algam ated C opper............. 123
A m er. Sm elting & Refin. com. 6094
.147
A m e r.S u g a rR e fin in g .c o m
A m erica n Tohacco, com m on.. 128%
A nacond a M in ing.......... ........
C olorado Fuel & Iron, com ..... 10494
Consolidated Gas (N. Y .l . .. 227%
G eneral E lectric, com m on...... 230
In tern a tion P o w er.
... . . . 82
P e o p le ’s Gas L. & Coke (C hic) .11714
U n ited States S te e l.......... ...... 5394
do
do
p re fe rre d .. .100

H ig h e s t p r ic e
Day of
Olim lnO
i n M a y be,— v a n i c . M a y 0--*, p r ic e
-H igh .
f o r e p a n ic .
L o w . OWd’a. M a y 31.

00% M ay 8
108 M ay 3
113 M ay 7
117% May 7
629), M ay 3
40*4 iviuy 1
10096 M ay 1
188 M ay 6
200 M ay 3
215 M ay 1
169% May 3
18094 M ay 1
228 M ay 0
4294 May 1
191% M ay 2
14 014 M ay 1
111 M ay 1
120 M ay 1
174(4 M ay 1
07)4 May 3
11694 M ay 7
170 M ay 2
3694 May 2
40% M ay 1
18' > M ay 8
158 M ay 1
£0(4 M a v l
39 M ay 1
68% M ay 6
57% M ay 2
34% M ay 1
52% M ay 3
133 M ay 2
46% M ay 1
125 M a y 6
6194 M ay 1
151% M ay 7
180% M a y 6
6194 M ay 2
107 M ay 1
228 M ay 1
23194 M ay 1
92 M ay 7
110% M av 2
54% M ay 2
10194 M a y 1

48
70
84
87
20
27
178
184
176
100
126
105
200%
34%
167%
124
70
83
150
37
72
140
16
24
100
137
30
16
60
29
20
27
76
24

0094
01
Ot
07
41%
85
180
141
188%
103
140
160
201%
33
170
181%
95%
100
168
48%
93
14794
27
29%
826
144
40%
28%
64
45%
28
41
9i'%
32

83%
101%
106%
106
40%
43
+ 105%
102%
184%
100%
150
103%
241
42%
180%
141
105%
117%
169%
61%
1C9%
160%
20%
34%

116
90
56%
39?
144% 136
120
99
37
47
06
85
210
196
220
2(0
70
84
111
88%
47
24
98
09

106
63
186
114
42
90
204
210
70
104
40%
80%

119%
67%
147
137
50%
97%
222%
230%
100%
m 96
48%
97%

7«54
089(1
102
105%
47
40
103
166
185
200%
168
165
214%
3694
177%
186
103%
120
165%
£9
103
163%
27
37%
*700
147
62
34
01
49
29%
41%
113
3694

*48
64%
35
64%
56U
33%
47%
108%
43%

* Cash sales w ere m ade as high as 1000. + T ru st Co. receipts.

The Norfolk & Western declared its first dividend (1 p. c.) on
the common stock and the Hocking Valley also paid the first
dividend (1% p. c.) on its common stock. The Atchison
Topeka & Santa Fe declared its first dividend ( \% per
cent) on the common stock. The Great Northern Railway
on May 1 paid an extra % of 1 per cent from the profits of the
Lake Superior Co. The Chicago & Eastern Illinois de­
clared an increased dividend on its common stock.
Ih e Money Market.- The money market was very sensitive
preceding the panic, and on the day of the panic it was pro­
foundly disturbed. May 1st and 2d call loans on the Exchange
touched 6 and on the 3d as high as 8 was paid. On Monday,
the 6th, 10 per cent was reached, the bulk of the business
being at 7, and on Tuesday the range was 5 to 10, most of
the loans being at 7. On Wednesday the range was from
4 to 25, with the bulk of the transactions at 8. On the day
of the panic the situation became alarming; the earliest rate
was 40, and later there was an advance to 75 In fact, a sit­
uation had developed where it was almost impossible to bor­
row on any terms It was then that President Tappen of
the Gallatin National Bank came to the rescue, and by or­
ganizing a syndicate of banks and bankers offered some 20
million dollars at market rates (from 60 per cent down).
Messrs. J. P. Morgan & Co., on their own account, loaned
$6,000,000 at 6 These supplies carried the rate down to 6.
but there was an upward reaction to 40 at the close. There­
after normal conditions were soon restored. On Friday, the
10th, the high point at the Exchange was 15, and on Mon­
day, the 13th, 8 per cent. A fter that the rate got above 6 only
once, namely on the 20th, when a calling of loans to meet
a $10,000,000 payment on the Union Pacific convertible
bonds caused a temporary advance to 7. The last week the
range was 2«t4. On time the quotation the day of the panic
was 53^@6 for thirty to sixty days and 4%@5 for three to
six months. On May 31 time loans were 4 lor sixty to ninety
days and 4@4)^ for four to six months. Rates for commer­
cial paper at the close were Z\(aA for double names, 4@4J^
for prime and 5s 6 for good single names. Loans of the
a
Clearing House banks rose from $884,444,900 April 27 to
$897,716,090 May 11, dropping then to $858,872,600 May 25.
Deposits increased from $970,79*',500 April 27 to $977,490,900 May 11 and then fell to $941,116,900 May 25. Money
holdings were $259,457,400 April 27, $251,206,600 May 18
and $256,568,200 May 25. Surplus reserves dropped from
$16,759,775 April 27 to $8,127,475 May 11 recovering to
$21,288,975 May 25.
Foreign Exchange. Silver. &c. Exchange was strong most
of the month. Gold exports continued, the shipments from.
New York aggregating about 10 million dollars. Rates at
the close of the month stood one-half a cent higher than at
the opening, at 4 85®(&4 ^5*4 for 60-day bills, 4 88j4@4 88J^
for sight and 4 89G-4
for cable transfers. The panic had
no effect to check the prevailing course of exchange, but did
occasion a partial suspension in business for the time being,
bankers felt uncertain as to the immediate future of both
the exchange and the money markets. As a result of the
contest for control of Northern Pacific, large blocks of the

11

stock of that company, held in Amsterdam and in Germany,
were bought for New York account, and against these pur­
chases there was necessarily some demand for hills to remit
inpayment. Again, the demoralized condition of the Lon­
don Htock Board, owing to the short interest existing in
Northern Pacific stock there, also operated to strengthen
exchange, as the effect was to stiffen money rates in Lon­
don. Another influence affecting exchange was the require­
ments on account of the American subscriptions to the is
sue of British consols brought out the previous month.
Open market discounts in London at one time were 8% hut
at the close were 3%(k8%. A t Paris the figure was 8 and at
Berlin and Frankfort 3% before the bringing out of the Rus­
sian loan, but the close was 2% and
respectively.
The price of silver May 3L was 27 7-16d. —a trilling improve­
ment.
J U N E .— Current Events.—No ill effects to trade or busi­
ness resulted from the May Stock Exchange panic. Ex­
tremely hot and dry weather occasioned some anxiety to­
wards the close of the month regarding the crops. Drought
in May had impaired the condition of winter wheat, so that
the average for June 1 was reported 87'8 against 94*1 May 1,
but by July 1 condition had improved to 88'3. The springwheat condition was 92 June 1 and 95-6 July 1. Cash wheat
in New York June 29 was only 76% cents, against 83% May
31. On account of imprudent loans to Henry Marquand &
Co. the Seventh National Bank of this city had difficulty in
meeting its Clearing House balance on Tuesday, June 25t
but was helped over on that day by one of the directors; on
Thursday, the 27th, it went into the hands of a receiver. It.
was later reorganized and resumed in November with new
interests in control and a larger capital. Henry Marquand.
& Co. made an assignment on the 28th. There were rumors
that other banks and trust companies in this city were in­
volved, but the rumors proved unfounded. In Buffalo
the City National Bank of Buffalo was on Saturday, June 29,
placed in the hands of a receiver. The Niagara Bank of Buf­
falo, a small institution whose President was Vice-President
of the City National, was closed on Tuesday, July 2, by the
State Superintendent of Banking. The Pynchon Nat. Bank
of Springfield, Mass . was closed on the 24th. Floods and a
cloudburst on June 22 and June 23 did much damage in the
Pocahontas Flat Top Coal region along the line of the N or­
folk & Western, resulting also in the loss of a number o f
lives; tlie early reports, however, proved greatly exaggerated.
Some further financial difficulties o curred in Germany, the
failure of the Leipziger Bank of Leipzig being announced on.
the 25th. The Secretary of the Treasury continued to pur­
chase bonds, taking $4,883,530 at a cost of $5,513,146. The
Government’s claim against the Sioux City & Pacific (one of
the bond-aided roads), amounting to $4,184,589, was sold Jun&
20 to the Chicago & North Western for $1,872,000, the upset
price; including a credit of $25 ',000 due the company fo r
mail transportation, the Government realized $2,122,841.
There was a sharp improvement in the dry goods trade and
the price of print cloths at Fall River was advanced from 2%
to 2% cents. Middling upland cotton in New York was
quoted 8 13-16 cents June 29, against 8% cents May 31. As
bearing upon the rate situation in the West, an important
event was the appointment of J. C. Stubbs of the Southern
Pacific as Director of Traffic in supreme control of rates on
all the lines of the Southern and Union Pacific systems. In
the tariff war with Russia a new development was the an­
nouncement that the Russian Government would increase
the duty on American white resin and on American bicycles.
Secretary Gage also directed that provisionally a counter­
vailing duty be imposed on Italian beet sugar, as under the
operation of the law of Italy it appeared probable that Italian
producers were receiving indirect export bounties. The
Cuban Constitutional Convention finally accepted the terms
imposed by Congress in the so-called Platt amendment for
denning the future relations between Cuba and the United
States.
Railroad Events and Stock Exchange Matters.—A fter the
May panic the Stock Exchange market in June became quiet,
but with a number of sharp upward movements in special
stocks. The stock sales aggregated 19,795,612 shares. The
latter part of the month the market, which had previously
been strong, showed weakness. Active money, the embar­
rassment and subsequent suspension of the Seventh National
Bank of this city, together with the failure of Henry
Marquand & Co., the floods in the Pocahontas Fiat f®p Goal
region, and some more bank failures in Germany, were the
cause of the set-back. Milwaukee & St. Paul common was
one of the stocks in which speculation was renewed. From
163% June 1 it rose to 185% June 17; the close June29 (June
30 being Sunday) was at 178. Some of the iron and coal
properties were conspicuous for their rise, the notion being
encouraged that the United States Steel Corporation in­
tended to absorb them; Colorado Fuel & iron common was
rushed up from 98 June 1 to 136% June 17, but closed a t 116
June 29. Tenn. Coal & Iron moved up from 58 June 10 to
76% June 18; it closed June 29 at 72%. The Pittsburg Cin­
cinnati Chicago & St. Louis declared its first dividend on its
common stock—1 p. c. The Missouri Pacific announced thb
resumption of dividends after suspension since 1891. The
Pennsylvania Railroad acquired a controlling interest in the
Pennsylvania Steel Company and the Cambria Steel Com­
pany. The United States Steel Corporation acquired the
Shelby Steel Tube Company. A fter some litigation the plan

m i ; CHRONICLE.

(VOL. I.XXIV.

to.absorb B stun & Montana and Hutto & Boston Mining lien the strike was prosecuted with increased energy, the
companies by the Amalgamated Copper Co. was eari itsd out, anion mills of the American Tin Plate Co. also becoming intiju stock of the latter being increased from §75.000,000 to /iilved. On Saturday, July 27, an unannounced conference
If155,000,000, A circular was issued giving the details tor ret ween Mr. J. P. Morgan and President Shaffer and other
aliicials of the Amalgamated Association took place, and as
converting the Cambria Steel Co. with § 16,000,000 capital into <
the Coneinaugh Steel Co. with $>0,000,000 capital. As stated .Ids was followed by a call for the convening of the Execu­
above, control passed to the Pennsylvania ItR, The Chicago tive Board of the Association on Tuesday July 30, it was as­
Kook island A. Pacific offered 10 uiiliion new stock at par to sumed a settlement had been reached. The Executive
stockholders. William II. Newman was elected President Board, however, failed to give approval to the scheme, and
lie following Saturday came to New York in a body and
of the New York Central, to succeed Samuel R. Callaway,
resigned. The Bt. Louis & Ban Francisco "Voting Trustees |met with Mr. Morgan, President Schwab and other officials
announced the termination of the Voting Trust; rights of the Unite 1 states Steel Corporation. This conference
were also given the shareholders in connection with the also proved fruitless, and then the strike, as noted below in
absorption of the Kansas City Fort Bcott & Memphis. Tire our summary for August, was extended to the other com­
Savannah Florida A Western increased its stock from §9,- panies embraced in the United States Steel Corporation.
45-3,900 to y >,000,000 for tiie purpose of consolidating the No question of wages was at issue; the contest hinged solely
on the attempt of the Amalgamated Association to compel
roads of the Plant system.
The Motif /j Market — High rates developed in the money the companies concerned to unionize all their mills. A strike
market. The loans of the Clearing House banks expanded of the International Brotherhood of Stationary Firemen for
from $860,314,700 June 1 to $902,755,300 June 33 with a an eight-hour day at the anthracite mines had the effect of
decline to $893,381,300 June 29.
The expansion was stopping the mining of coal over a large part of the anthra­
ascribed to large financial operations, more particularly in cite region for a few days, but the United Mine Workers (or
connection wilit the consolidation of the tobacco compa­ association of miners) having refused to co-operate, the
nies, the refunding of St. Louis & San Francisco bonds, strike was unconditionally abandoiaed. The great strike of
and the payments for the Union Pacific convertible bonds. the machinists in the United States, Canada and Mexico for a
The deposits rose from $153,393,200 June 1 to $984,194,300 nine-hour day at ten-hour pay, which was begun May 20, also
June 15, then contracting to $971,332,000 June 39. Money came to an end in most places, through a process of disinholdings were uninterruptedly reduced, being June 39 teeration, it having generally failed. Cash in Sub Treas­
only $351,339,700, against $359,353,600 June 1. Surplus re­ uries increased $1,745,415, notwithstanding the Secretary
sources dropped from $31,353,050 June 1 to $6,611,330 June purchased $1,665,020 bonds costing $1,852,193. The First Nat.
S3, with a recovery to $8,481,300 June 39. Call loans Bank of this city declared a dividend reported to be over
touched 5 p. c. as early as the 17th, and the last week, dur­ 1900 p. c. and increased its capital from $500,000 to $10,000,000,
ing the derangement occasioned by the suspension of the at the same time absorbing the National Bank of the Republic.
Seventh National Bank, as high as 15 was paid. The last A number of Riassian bank failures were reported, including
day (Friday, June 38,) the range at the Exchange was 6@11. the Kharkoff Commercial Bank and the Knarkoff Bank of
A t banks and trust companies the last week while 4 was Commerce. Civil government was established in the Philip­
the minimum, many institutions loaned at 6 and 7. Time pine Islands July 4, and William H. Taft, the head of the
loans then were 4 for all periods. Paper at the close was American Philippine Commission, was inaugurated as the
3%<a4% for double names, 4@4% for prime and 5@5% for first Civil Governor. The announcement was also made that
on September 1 the Philippine Commission would be in­
good single names.
Foreign Exchange, Silver, c&c.—The tightening of the creased by the appointment of three native members. Under
money market here and the development of ease at the the Tariff and Civil Government Act for Porto Rico, enacted
European centres caused exchange rates to weaken the by Congress in April, 1900, the Porto Rican Assembly on
latter part of June. As a consequence the outflow of gold July 4 unanimously passed a resolution providing for free
ceased after $3,255,000 had been shipped to Berlin on the 18tli trade between the United States and Porto Rico. Pa-esiand $1,355,000 on the 30th, both, it is understood, on direct dent McKinley accordingly on July 25 issued his proclama­
orders from the Bank of Germany. The latter institution tion declaring free trade to exist. The President also issaaed
on the 18th marked its official discount rate down from 4 to his pr. clamation opening to settlement on August 6 lands
3%. The Bank of England made two reductions —fro m ! to in Oklahoma ceded by the Comanche, Kiowa and Apache
3% on the 6th and to 3 on the 13tli. Owing to the lower dis­ Indian tribes and also the W ichita and affiliated bands; the
counts at London, sixty day sterling bills advanced, and on disposal of the land was made under the Homestead law, but
the 13th were 4 85%(§4 86, the price for sight continuing at drawings were by lot for the first time.
Railroad Events and Stock Exchange Matters.—The stock
4 88%@4 88% and for cable transfers at 4 89@4 89%; rates at
the close were down to 4 85%@4 85% for long, 4 87%@4 88 market experienced many sharp breaks. The first few days
for sight and 4 88%@4 83% for transfers. Open market dis­ business came almost to a standstill on account of the ex­
counts in London were at one time 3%, but the close was at treme heat. When the Exchange opened on Monday, July
2%@2%. The Bank of England gained £2,347,163 bullion 8th, after the long holiday from July 3d, a quite general
during the four weeks. A t Paris discounts closed at 1%@2 collapse in prices occurred. The poor bank statement the
and at Berlin and Frankfort at 3%@3%. The price of silver previous Saturday, active money, the steel workers’ strike,
the damage to the crops, reports of new dissensions concern­
was 27%d. June'29. against 27 7-16cl. May 31.
ing Northern Pacific affairs between the Morgan-Hill and
J U L Y .—Current Events.—Many unfavorable influences de­ the Harriman-Kuhn, Loeb & Co. interests and a proposed
veloped. Great damage was done by a term of severe heat reduction in rates by the Atchison Company (to meet secret
accompanied by unusual drought. In this part of the country cuts by other lines) were the disturbing_ influences. At a
exceptionally high temperatures were experienced early in meeting in Chicago on the llt h the Atchison was induced
the month, and business on the Exchanges and nearly every­ to withdraw its circulars. Boat the stock market on Monday
where was'greatly curtailed, while an extraordinary number the 15th displayed further ga-eat weakness on renewed re­
of deaths and prostrations was recorded—see C hronicle of ports of crop disaster and the failure of the conference for
July 6, page 2. Thunderstorms on the 3d, 4fch and 5th fur­ the settlement of the steel strike. On the 17th, just before
nished relief in this city, and the rest of the month more the close of business, the whole course of the market was
moderate temperatures prevailed. In the West, however, changed by the announcement of Mr. J. P. Morgan's list of
the heat and drought grew in intensity, each day adding to new appointees (which gave general satisfaction, all interests
the crop loss. Such was the suffering that prayers for lain being represented) for the Northern Pacific board of direc­
were said in many places—in some States by official procla­ tors. The meeting on the 27th of President Shaffer of the
mation of the Governors. About the middle of the month Amalgamated Association with Mr. Morgan seemed to give
showers were reported at many different points in the West, promise of an early end of the steel strike. A t the same
but these were succeeded by another period of extreme heat, time the breaking of the drought in the West imparted a
temperatures of 109 to 110 being reported at widely separated favorable turn to the crop prospects. Hence a substantial re­
points. From the 24th to the 23th much heavier and very covery in prices ensued the latter part of the month. The
extensive rains fell, and then the drought in that portion of United States Steel Corporation declared dividends on both
the stricken territory west of the Mississippi was effectually common and preferred shares, but the sta-ike caused the
broken. Tne worst damage was to the growing corn crop, stock to sell off. The common declined from 48% J uly 1 to
and the price of the September option in New York sold up 37 July 15 and closed at 42% July 81. Atchison common
from 49% July 2 to 62% July 23; the close July 31 was 59 sold down fro®. 89% July 1 to 67% July 22, closing July 31
cents. The Agricultural Bureau the next month made the at 78%; Missouri Pacific from 121% July 1 to 96% July 24,
general condition of corn August 1 only 54, as against 81‘3 closing July 31 at 97%; Milwaukee & St, Paul common from
July 1. There were reports also of a large impairment of the 177% July 1 to 151% July 15, closing 159%, etc., etc. The
spring-wheat crop, and September wheat in this market Cleve. Cinn. Chic. & St. Louis increased the semi-annual
sold up from 69% July 9 to 77% July 23, closing 73% July 31. dividend on its common shares from 1% to 2, The reorgan­
The general average, however, of this crop August 1 was ized Erie Railroad declared its first dividend on the 1st pre­
still 80'3 and the prospect of an exceptionally large crop of ferred stock. St. Louis & San Francisco increased the pay­
winter and spring wheat combined remained unchanged. ment on its 2d preferred. The Texas Central declared its
Added to the impaired agricultural outlook, a great strike first dividend on the common stock—2% p. o. It was an­
of the steel workers at the mills of the American Sheet nounced that the voting trust in. Ball. & Ohio stock would
Steel Company and the American Steel Hoop Co, (constituent be dissolved.
The Money Market.—The money market gave occasion for
companies of the United States Steel Corporation) was in­
augurated July 1. Not much importance was attached to some disquietaade early in July. On the 1st call loans were
this at first, but a three-days conference ( July 11th, 12th 6 to 10 p. c. On the 2J, business on the Stock Exchange
and 13th) between the officials of the Amalgamated Associ­ having dwindled because of the heat, the demand was less
ation of Iron, Steel & Tin Workers and certain of the officials urgent, and rates were 4 to 8. On the 3d the situation w a s
of the companies concerned resulted in a disagreement, and peculiar in that the Stock Exchange had decided to close

J anuary 4, 1902. |

THE

CH RONICLE.

Friday and Saturday, July 5 and 6, in addition to July 4,
and some of the trust companies and other financial insti­
tutions refused to loan on that account. With offerings
thus restricted, tljo rate, after opening at 0, advanced in the
afternoon to 25, the close being at 15, The Clearing House
return for Saturday, July <, showed surplus reserves down
>
to $5,311,525, On Monday, the 8th, early loans were at 8,
and a repetition of the previous week’s experience was
threatened, when the National Bank of Commerce and the
Morton Trust Co. together offered $14,000,000 at 0, breaking
the rate to 2. The rest of the month all the influences oper­
ated to produce ease. Liquidation on the Stock Exchange
acted to contract loans, the interior movement of currency
set strongly towards this centre, and the Sub-Treasury made
large payments for Alaskan gold. Consequently surplus re­
serves increased week by week, and July 27 were up to $23,128,575. On July 31 call loans were 2%(d! 4 The quotations
for time loans then were 4 for 30 to 90 days and 4% for four
to six months; paper was 4% for double names, 4%@5 for
prime single names and 53 6 for good. The money holdings
of the Clearing House banks fell from $251,329,700 June 29,
to $246,532,800 July 6, and then increased to $258,863,200
July 27 Deposits dropped from $971,382,000 June 29, to
$939,145,300 July 20, increasing to $912,938,500 July 27
Loans between the same dates shrunk from .$992,381,300 to
$856,193,500, increasing to $867,653,400 July 27,
Foreign E x hart ge, Silver. E tc — Foreign exchange was
variable within narrow limits during July, and rates on the
31st were just one-quarter cent lower than on June 29, at
4 85@4 853*i for long sterling, 4 87%@4 87% for short and
4 88@4 88% for cable transfers. The first twelve days,
when money here was in active demand, the tendency was
downward, though some exports of gold were nevertheless
made to Germany on direct order, $600,766 going July 4 and
$752,474 July 11. European open market discount rates
generally closed lower, being July 31 2%@2% at London,
1% i32 at Paris and 2%(§2% at Berlin and Frankfort. Silver
in London declined to 26 13-16d. on the 19th and closed
July 31 at 26 15-16d.

States Steel common pold at 39% Aug. 7 and at 45%x Aug.
26; Atchison common at 09% Aug. 5 and 80% A ire 27; Mis­
souri Pacific 94% Aug. 5 and 108% Aug, 26; Milwaukee H St,
e
Paul common 155 Aug. 5 and 168% Aug. 27, and : '.-w York
Central 149% Aug. 6 arid 15'!% Aug. 27. The dividend on
Colorado & Southern preferred stock was increased and that
on the 1st preference income bonds of the Central of Georgia
was raised to full 5 p. c. The semi-annual dividend on West
Virginia Cent. & Pittsburg was increased from I % to 2 p c.
The Money Market,—Call loans at the Stock Exchange did
not get above 3 p. c. during August. But the position of
the Clearing House banks was much weakened. Loan ;
greatly increased and August 31 were $895,186,600, against
$967,653,400 July 27. Surplus reserves declined each week,
falling from $23,128,575 July 27 to $11,919,925 August 31, the
heaviest decline, however, occurring the last week. The
early part of the month it was argued that the inferior de­
mand for currency would be on a greatly reduced scale, but
it soon appeared that the movement was merely belated,besides this a special demand for money for Philadel phia de­
veloped in connection with the floating of a City of Phila­
delphia loan for $9,000,000, and also to provide the funds for
financing the Bethlehem Steel deal. Secretary Gage on the
26th gave authority to the Assistant Treasurer at New York
to make purchases of bonds direct instead of first referring
the offerings to Washington, but this had no effect in in­
creasing the tenders. There were large transfers of gold
from the Pacific Coast to New York, but the other operations
mentioned served to reduce the money holdings of the Clear­
ing Plouse banks; those holdings, after rising from $258,863,200 July 27 to $262,298,200 August 10, dropped to $253,950,400
August 31. Rates for time loans did not advance, and at
the close were 4 for 60 to 90 days and 4%@5 for four to six
months, but offerings were not liberal; foreign bankers made
some loans on exceptionally choice collateral. Quotations
for paper throughout the month were 4% for double names
and 4%(§5 for prime (with few sales, however, reported
below 5 p. c,) and 5%@6 for good single names.
Foreign Exchange, Silver, &c.—Foreign exchange was
strong the early part of August. By the 7th prices were up
to 4 85%
<<?4 P5% for 60-day bills, 4 88@4 88% for sight and
4 88%@ 4 88% for cable transfers. This brought the figures
close to the gold export point, and there was talk of a
possible outflow of the metal. On the 9th, however, a de­
cline set in which, with minor fluctuations, continued until
the end of the month, bringing rates down to 4 84@4 84%,
4 86@4 88% and 4 86%4 87 for the three classes of bills and
encouraging a belief in early imports of gold. The influ­
ences in the decline were liberal offerings of grain bills, the
outward movement of wheat by reason of the European
crop shortage having been on an enormous scale; also offer­
ings against cotton futures, besides bankers’ bills against
London purchases of stocks. The negotiation of some ster­
ling and French exchange loans was likewise noted. Owing
to the distrust growing out of the failures of some small Ger­
man banks, the houses shipping grain to Germany quite gene­
rally drew sight bills instead of long commercial drafts.
Open market discounts at the European centres declined,
and Aug. 31 were 2% at London, 2 at Paris and 2% at Ber­
lin and Frankfort. Silver in London fluctuated within a
narrow range, and closed Aug. 31 at 27d.

AUGUST. —Current Events.—As the result of the rains at
the close of the previoushnonth, crops revived somewhat dur­
ing August in Kansas and Missouri, bat east of the Missis­
sippi—in Ohio, Indiana and Illinois-the drought continued
and caused further damage. The Agricultural Bureau re­
port issued the 10th, and which made the corn condition
August 1st 54, was interpreted as pointing to a corn crop of
1,400 million bushels, but sensational newspaper accounts
printed at the same time claimed that additional impair­
ment the first ten days of August had further reduced pros­
pects, one of these saying that not more than 1,100 million
bushels could be looked for. About the middle of August
rain came in the Central West, and thereafter accounts
were less discouraging. The Bureau report the next month
showed corn condition reduced from 54 August 1 to 51*7
September 1. The September option for corn in this mar­
ket touched 64 August 12, but closed 60% August 30. As
stated above, the conference August 3 between the ex
ecutive board of the Amalgamated Association and the
officials of the United States Steel Corporation proved
fruitless, and on August 6th an order was issued extending
the strike to the other constituent companies of the Steel
Corporation on which the Amalgamated Association had a
SEPTEMBER. —Gvrrent Events.—The
overshadowing
hold, namely the National Steel Co., the National Tube Co. event was the assassination of President McKinley. About
and the Federal Steel Co. the order becoming effective 4 o’clock Friday afternoon, Sept. 6, an Anarchist fired two
August 10. Meetings, however, of the men at the mills of shots at the President while he was holding a reception in
the Federal Steel Co. at South Chicago decided against the Temple of Music at the Pan-American Exposition at
obeying the order to strike (because contracts had previ­ Buffalo. Such of the members of the N. Y . Clearing-House
ously been made between the men and the companies), and Committee as could be reached were called together the
the men at the mills at Joliet and at the Bay View plant at same evening at the Buckingham Hotel in this city. A t
Milwaukee at first took the same stand, but finally went out this gathering the gravity of the situation was considered
on strike. The Carnegie Company, being non union, and the issue of Clearing House certificates, if necessary,
experienced no trouble in running its mills, and the strik­ discussed. The following morning at 9 o’clock the full
ers kept steadily losing ground. The Secretary of the U. S. Clearing House Committee met, and other leading bankers
Treasury bought $3,836,010 bonds, paying therefor $
‘3,186,449. and financiers were present, among them J. P. Morgan,
Cash in Sub-Treasuries was further increased from $309,- James Stillman, James T. Woodward and George F. Baker.
636,015 Aug. 1 to $315,029,394 Sept. 1, after an increase of It was decided to stand together for the purpose of prevent­
$19,357,205 between May 1 and August 1. In the print-cloth ing panicky conditions. The appearance of the bank state­
market a development was the dissolution of the Fall River ment that day, showing reserves reduced by $5,004,050, to
Selling Committee appointed in October, 1898, by the man­ the low figure of $6,915,875, demonstrated that the action
ufacturers for the purpose of regulating prices and produc­ taken had been most timely. Though a panic was thus
tion, A movement then developed for a reduction of wages, averted, prices on the Stock Exchange tumbled and the
and in consequence there was talk of a strike of the em market closed in a state of great demoralization. The fol
ployes. Mr. M. C. D. Borden opposed the movement,'and the owing Monday morning another meeting was held, at
proposed reduction was abandoned. Mr. Borden on the 22d which pledges of money were obtained of $30,000,000 to be
offered to buy the whole stock of print cloths of regular loaned on the Stock Exchange if necessary. But the Presi­
size at 2% cents. The price Aug. 31 was 2% cents. The ad­ dent’scondition seemed encouraging in theextreme.andstock
vance was probably induced by the rise in cotton occasioned prices experienced a very sharp recovery. The same after­
by the continued drought in Texas, the price of middling up­ noon, Mr. F.'D. Tappen, as Chairman of the Clearing House
lands in New York August 31 being 8% cents, at/ainst 8 ear­ Committee, telegraphed to Secretary Gage, calling attention
lier Lithe month. In the South African war Lord Kitchener to the continued absorption of cash by the Government and
on Aug. 7 issued a proclamation warning those leading the expressing hope of [the release of some of it. The Secretary
Boer forces that unless they surrendered by Sept. 15 they the next day (the 10th) invited tenders—including the 4s of
would be permanently banished from South Africa.
1925 -o f U. S. bonds to the aggregate of $30,000,000 and
Uailroad Events and Stock Exchange Matters.—Stock Ex directed that bank depositaries be allowed to retain inter­
change speculation during August was rather limited, the nal revenue receipts up to the par of all the deposited bonds,
sales reaching only 10,772,021 shares, but there was a decided instead of to only 95 per cent on the 2s and 3s and par on
recovery in prices after some weakness the first few days. the 4s and 5s. A fter the close of business on Thursday (the
As the month progressed the disposition was to regard the 12th) he announced the aocoptanco of $7,516,300 bonds, call­
failure of the steel strike as a foregone conclusion and to ing for a disbursement of close to $ 1.0,000,000, and $8,479,678
fake a more hopeful view of the prospects for corn. United was paid in cash the next day over the counter at the Sub-

14

THE

CH RONICLE.

[Y ol . l x x i v .

Treasury in this city on account of the purchase. In the Sept. 14, increased to $350,406,100 Sept. 38, and surplus re­
meantime the President’s condition (according to the ad­ serves rose from $6,915,875 Sept. 7 to $16,293,025 Sept. 28,
vices from his bedside) had steadily improved, and by j The banks were necessarily obliged to contract loans, the
Thursday night things on the Exchange had been nearly re- |total of which declined from $895 '86,600 Aug. 31 to $865,stored to the normal. But Friday morning all this was 949,200 Sept. 31, recovering to $867,609,700 Sept. 28. De­
changed. The President was now seen to be dying, and the j posits were $968,131,900 Aug. 31, $930,861,900 Sept. 21 and
shook on the Exchange was such that stock prices suit©red a $986,453,800 Bept. 28. Except on Friday,Sept. 13,when as high
worse break than on the previous , aturday. The end came as 10 per cent was paid for loans, money on call did not get
S
Saturday morning at 2:15; the Stock and other Exchanges above 6, the rates Sept. 80 being 8%@4%. On time as high
•were closed that day out of respect to his memory (the Lon­ as 6 was paid at one time for sixty to ninety days, but the
don Stock Exchange having also been closed by the action close was at 4%@5 for all periods to six months. The paper
o f its members), thus giving time for reflection. It was market was dull, the local banks not buying, and the busi­
soon seen that the President’s death would not be disturb­ ness being mainly by Eastern and other near-by banks.
ing. President Roosevelt in taking the office Saturday af­ Rates closed at 4% for double names, and 5@5% for prime
ternoon (the 14th) declared it to be his purpose to continue and 5%@6 for good single names.
absolutely unbroken the policy of Mr. McKinley, and he
Foreign Exchange, silver Ac. —Foreign exchange con­
requested that all the members of the Cabinet, remain in tinued to decline, finally bringing gold imports. Sterling
oiffee. As it happened, too, terms were concluded the same rates reached their lowest on the 18th at 4 82%@4 82% for
day for the settlement of the great strike of the steel work­ sixty-day bills, 4 84%@4 85 for sight and 4 85%@4 85% for
ers, the Amalgamated Association being completely defeat­ cable transfers, The firmness of the money market here
ed. (See Ch aonicle , V, 78, pages 6 and 681.) The stock helped the downward movement. About the 18th to the
.33
market on Monday the 16th showed a sharp recovery, and 20th two blocks of American eagles of $500,000 each were
thereafter the influence of the President’s death gradually obtained in Paris for shipment to this side, and other small
wore off. The Treasury continued to buy bonds. Secretary amounts of gold were engaged in London. The inflow, how­
Gage on Friday the 18th (after the large bond purchases un­ ever, was quickly arrested. On the : 0th sight bills and later
der the special order) announced that he would resume other classes of bills rapidlv advanced, and by the 25th ster­
purchases under the old order, and would also entertain pro­ ling was up to 4 83%@4 83% for long, 4 85%@4 85% for
There
posals for the purchase of the 4s of 1935 at 14" hat, which short and 4 86%@4- 86% for cable transfers.
latter brought considerable offers. The Secretary bought was a demand for exchange in connection with
during the month $15.673,9?" bonds of all kinds, paying. the remittances required to pay the 15-per cent instalment
$30,113,270 therefor, and cash in Government vaults was re­ on the British £60,000,009 loan negotiated the previous
duced from $315,039,894 to $399,879,768; deposits in banks in­ April. A t the same time the supply of cotton bills was
creased from $103,085,834 to $108,514,459. The reduction on small, owing to the light cotton movement by reason of the
Sept. 30 in the dividends on Amalgamated Copper stock lateness of the crop.
On the 24th the Bank of Germany
attracted a good deal of attention. Mr. Borden announced quite unexpectedly raised its discount rate from 3% to 4.
an advance of 5 per cent in the wages of operatives at his The latter part of the month there was a downward reac­
mills, to go into effect Oct. 1. Print cloths advanced to 3 tion again in sterling, the close Sept. 30 being 4 82%@4 83,
cents. Middling upland cotton in New York declined from 4 85%@4 85% and 4 85%@4 85% for the three classes of
bills. Open market discounts at Berlin and Frankfort ad­
8% cents to 8 3-16 cents.
Railroad Events and Stock Exchange Matters.—The stock vanced to 3%, but at Paris there was a drop to 1%. A t
market experienced violent fluctuations during September. London the rate Sept. 30 was 2 3-16(a2%.
On Saturday, Sept. 7 (the day following the attack on the
OCTOBER. —Current Events.—Derangements in the Eu­
President), and again on Friday, the 18th (the day preced
ing his death), prices broke badly. On the first-mentioned ropean money markets exercised considerable influence here.
day a poor bank statement added to the gravity of the situ­ In addition to the needs of Germany arising out of continued
ation, and on the 13th disappointment over the failure of depression in trade, the collapse of industrial companies
the Milwaukee & St. Paul Board the day before to increase and repeated bank failures, signs of uneasiness became
the dividend on the common stock accelerated the down­ manifest in Paris. French investors had sustained consid­
ward movement. As narrated above, great precautions had erable losses through investments in foreign industrial
>
been taken to prevent a panic on the 7th, and the arrange­ enterprises, and there now came a great d dine in copper
ments then made were still effective when the President stocks (long favorites in the French markets) as the result
died. Following the break on the days mentioned, the tone of the revelations concerning the copper trade. Affairs in
of the market the next succeeding business day (on the France were also disturbed by a threatened strike of the coal
9th in the one case, on the 16th in the other.) was in each miners, which, however, was averted. Both Berlin and Paris
instance completely reversed, events having in the interval drew gold from London, thus increasing the tension at the lat­
given a favorable turn to the situation, and the recovery in ter point. Open market discounts sharply advanced, and Oct.
values was only less pronounced than the previous decline. 31 the official minimum of the Bank of England was raised
Another adverse influence was the omission of the Amalga­ from 3 to 4 per cent. A noteworthy contraction occurred in
mated Copper Co, on Friday afternoon, the 30th, to declare the gold holdings of the European banks. Between Sept.
the one-half per cent extra dividend previously paid, only 26 and Oct. 24 the holdings of the Bank of England dropped
the regular
per cent quarterly being declared. Follow from £39,637,691 to £36,351,411, those of the Bank of France
ing this action the market declined for several days, but from £95,356,646 to £94.358,363. and those of the Bank of
finally regained tone under the continued strength displayed Germany from £31,073,000 to £26,462,000, making the com­
by the so-called junior Vanderbilts, in which New" York bined loss for the three institutions £8,895,663, or $44,478,000.
Central also joined. Rumor had it that the various separate In the week to Oct. 31 the Bank of England lost £696,888
roads would be in some way merged. Milwaukee & St, Paul more, but the Bank of France gained £671,000 and the Bank of
common sold at 168% Sept. 3 and at 154% Sept. 13, closing Germany gained £1,683,000. The strained situation abroad
at 159% Sept. 30. Rock Island was 147 Sept. 5, dropped to was one of the influences operating to induce a renewal of
185 Sept. 13 and closed at 141% Sept 30. Pennsylvania, the outflow of gold. Secretary Gage discontinued pur­
which had been 147% Sept. 3, touched 140% Sept. 13 and chases of bonds under his order of Sept. 10 after an aggre­
closed 148% Sept. 30. The corn crop failure in the South­ gate of twenty million dollars had been obtained, but kept
west made Missouri Pacific weak, and it declined from buying bonds under previous orders. He purchased alto­
107% Sept. 3 to 94 Sept. 30, closing that day at 95%. Amal gether $5,943,470, costing $8,029,594. Cash in Sub-Treas­
gamated Copper fell from 120^ept. 3 to 88% Sept. 35. Among uries was reduced from $299,879,768 October 1 to $297,the “ junior” Vanderbilts, Clev. Gin Chic. & St. Louis com­ 814,216 November 1. Mr. M. C. D. Borden on October 29
mon advanced from 89%, Sept. 7 to 99% Sept. 23, Lake Erie announced a second advance of 5 per cent in wages
& Western common from 59% Sept. 13 to 74 ^ept. 27, Nickel at his mills (the Fall River Iron Works Company), to
Plate common from 87 Sept 7 to 57% sept. 38 and 2d pref. take effect Nov. 4, and he also bid up the price of print
from 75 Sept. 7 to 95 Sept, 28. The semi-annual dividend on cloths, but the operatives at the other cotton goods mills,
Evansville & Terre Haute stock was passed. Tim semi an while asking for a similar advance, did not strike when it
nual dividend on Pittsburg Youngstown & Ashtabula com­ was refused. Mr. Borden then withdrew from the market,
and the next month recalled both advances, as noted below,
mon was increased from 3 to 3% per cent.
The Money Market —The money market did not wear an ') he price of middling upland cotton in New York, after
altogether reassuring look the early part of September, having touched 8 9-16 cents on the 14th, closed at 7 15-16
The continued absorption of cash by the U. S. Government cents Oct. 31. Print cloths were 3% cents Oct. 81, against
(amounting the first ten days at all Sub-Treasuries to over 3 cents Sept. 30. The National Agricultural Bureau in its
$7,000,000), together, with the shipments of currency to the October report raised the condition of com only a trifle—
interior, gave reasonable ground for apprehension. The from 51*7 to 52 1. Owing- to the high price of corn in Mex­
action of the banks, therefore, when the President was shot, ico, believed to be the result of efforts to corner the supply,
in deciding to stand together, was just what was called for. President Diaz removed the Mexican duty on foreign
The bank statement Sept. 7 reported surplus reserves down imports of corn ; the Mexican Congress also gave author­
to $6,915,817 (a reduction of $5,004,050 from the previous ity to the Government (which was exercised) until
week). It was in recognition of this that a pledge of $30,- March 31 1902 to buy foreign corn and sell it at
000,000 was obtained by the Clearing House Committee on cost and even below until the price should have
Monday. September 9, to loan upon the Stock Exchange if fallen to $5 or less per hectolitre. The Illinois Supreme
necessary. This action was so effective in restoring confi­ Court rendered a sweeping decision declaring it the dut v of
dence that none of the money pledged was required. As the tax authorities to assess the capital stock, including
narrated above, Treasury bond purchases were very heavy. franchises, of various Chicago corporations. The Failed
On the 16th the Secretary also directed the prepayment of States steel Corporation adopted the policy of making pe­
the October interest. .Money holdings of the banks, riodical reports of earnings, and issued a statement cover­
after dropping from $353,950,400 August 31 to $239,968,800 ing the first six months of its existence,

January 4, 1903.]

TH E

CH KONIOLE.

Railroad Events and Stock Exchange Matters.—Industrial
stocks and railroad stocks moved in opposite directions. In ­
creasing distrust developed concerning the former, the cut
the previous month in Amalgamated Copper dividend and
the poor exhibits shade in their annual statements by a large
number of industrial companies in widely separated lines of
business having a depressing effect. The upholding by the
Court of Appeals of the order granted by Justice Chase in
the case brought against the American Ice Company under
the Donnell)" Anti-Trust law also had its influence. The
common stock of the National salt Co. dropped from 40 Oct.
2 to 23 Oct 3 on the announcement that it was to be ex­
changed for the stock of the International Salt Company.
In the railroad list sharp advances occurred in the Vander­
bilt stocks, on repetition of the rumors of impending favor
able developments concerning them. N ew York Central
moved up from 154 Oct. 4 to 159% Oct. 23, and Lake Shore &
Michigan Southern and Michigan Central made sensational
advances, Lake Shore going up from 275 to 325 and the last
sale previous to October having been at only 250. The group
of stocks involved in the Morgan Hill, Harriman-Kuhn,
Loeb & Co. imbroglio showed great animation, and at times
much strength, on reports foreshadowing the adjustment of
the matters in dispute. Northern Pacific preferred, in
which dealings had been infrequent, suddenly developed
great activity, and the price shot up from 95k, Oct. 7 to 108%
Oct. 18, with a reaction to 103% Oct. 31. Milwaukee & tit.
Paul common advanced from 154% Oct. 7 to 171% Oct. 26
on insinuations that the property was being sought in the
interest of one or the other party to the contest. Balt. &
Ohio com. advanced from 98% Oct. 7 to 107 Oct. 25, Central
of New Jersey from 160% Oct. 7 to 176% Oct. 30, Rock Island
from 138 Oct. 7 to 144% Oct. 24, Del. & Hudson from 160%
Oct. 7 to 173% Oct. 31, and Reading common from 38% Oct.
7 to 43% Oct. 30. Glucose common dropped from 54% Oct. 2
to 37 Oct. 24, International Paper common from 24 Oct. 10
to 19% Oct. 26 and United States Steel Corporation com.
from 44% Oct. 2 to 41 Oct. 28. The Atchison increased the
semi-annual dividend on its common stock from 1% to 2 per
cent. The semi-anual dividend onChoctaw Oklahoma &
Gulf common was raised from 2 to 2% per cent and a fur­
ther dividend of 10 per cent in common stock declared. A
readjustment plan for Mexican National RR. was made
public. Illinois Central shareholders authorized an increase
in the stock from $66,000,000 to $79,200,000, and holders were
given the right to take the new stock at par. To pay for
the cost of acquisition of the Cambria Steel Co. and the
Pennsylvania Steel Co., the Pennsylvania Railroad issued
$20,000,000 of 3% p. c. bonds of the Pennsylvania Compa<y.
The Money Market. W hile rates did not advance to
extreme figures, the money market remained firm through­
out October. Money holdings ot the Clearing House banks
varied from week to week, but Nov. 2 were $249,998,400,
against $250,406,100 Sept. 28. surplus reserves being down
to $10,482,800, against $16,293,025. Loans underwent steady
expansion, and were $891,922,900 Nov. 2 against $867,609,700
Sept. 28. Deposits were $958,062,400 against $936,452,300.
On call the range was 2%@4% p. c., with 4 a frequent
figure. Time loans at the close were 4% for all periods
from sixty days to six months on good mixed securities
and 5 on industrial stocks. The distrust concerning these
latter led to some discrimination against them.
Commer­
cial paper was in limited supply, with the demand chiefly
from out of town. Closing rates were 4%@4% for double
names and 4%@5 for choice and 5@5% for good single
names.
Foreign Exchange, Silver, Etc.— Sterling exchange ad­
vanced almost continuously in October, and exports of gold
again began. About three millions gold was shipped from this
port to Europe - $200,000 goiug to Germany and $2,851,586
to Paris. Owing to tbe continued arrivals, however, on the
Pacific Coast, there was a net import of the metal for the
whole country of $5,127,000.
As noted above Europe
showed an urgent need for the metal, and on Oct. 31 the
Bank of England put its official minimum up from 3 to 4
p. c. A t Paris the open market rate advanced from 1%
Wept. 30 to 2%@3 Oct. 31, and at London from 2 3-’ 6@2% to
3%@3%, while at Berlin and Frankfort the quotation Oct.
81 was 3@3%. These high rates abroad necessarily had
their effect upon our exchange market.
It was also
claimed that leading financial interests had been extensive
borrowers abroad since the previous spring, and some of
these loans maturing were being paid off. An inquiry to
remit for stocks sold her* for European account was re­
ported time and again. The latter part of the month some
demand was likewise noted to remit for the instalment due
Nov. 7 on the American subscriptions to the British consol
loan floated in April.
Rates for cable transfers were
4 87%®4 87% Oct. 31, against 4 85%@4 85% Sept. 30; for
sight bills 4 86%f34 87, against 4 85%@4 85%; and for 60
day bills 4 83%(^4 83%, against 4 82%@4 83. The price of
silver in London was 269-16d. Oct. 3t; 26 15-16d. Sept. 30.
NOVEM BER.—Current Events.— A definite adjustment
was reached between the H ill-Morgan and the HarrimanKuhn, Loeb & Co. interests with reference to the control
o f Northern Pacific and Chicago Burlington & Quincy The
settlement embraced (1) the organization of the Northern
Securities Company, with $400,000,000stock, to take over (by
exchange of stock) the Great Northern and the Northern Pa­
cific companies; (2) the purchase by the H ill Morgan Co. in­

15

terests o f the ITarriman-Kuhn, Loeb & Co. holdings of North,
ern Pacific pref. stock, through which the Kuhn, Loeb people
had practically held control of the Northern Pacific Co.; (3)
the retirement of this preferred stock by an issue of Northern
Pacific convertible bonds, having the right to convert into
Northern Paoifio common stock, and (4) the lease of the
Chicago Burlington & Quincy Railroad to a new company
called the Chicago Burlington & Quincy Railway, with rep­
resentation in the latter to the Harriman-Kuhn, Loeb &Co*
interests, who were also accorded representation in the
Northern Securities Company. Thecombination excited much
hostility in Minnesota and other Northwestern States. The
Secretary of the Treasury purchased $11,960,820 bonds, cost­
ing $15,142,334. This included $6,508 350 of the 4s of 1925
(costing $9,068,988), the purchase of which was discontinued.
Treasury money holdings were reduced $8,237,329 during
the month, making $25,452,507 reduction since Sept. 1.
Owing to the activity of trade a great car shortage devel­
oped. This embarrassed many manufacturing establish­
ments and also the iron furnaces because of the difficulty of
obtaining sufficient supplies of coal and coke. A strike of
railroad switchmen at Pittsburg also caused temporary em­
barrassment. In cotton goods, affairs were unsettled by Mr.
M. C. D. Borden’s sudden reversal of his previous policy,
Mr. Borden had evidently supposed that the two advances
of 5 per cent each in wages at his mills would lead the opera­
tives at other mills to strike, thus sending up the price of
cloth. When this did not happen, he notified his employes
that beginning Nov. 18 the 10 p. c. advance would be w ith­
drawn. To emphasize his action he offered a small amount
of print cloths at 2 15-16 cents, against his previous bid of
3 1-16 cents, later withdrawing the offer. Subsequently he
made sharp cuts in certain lines of staple prints. Print
cloths were 3 cents Nov. 30 against 3% cents Oct. 31, in face
of an advance in cotton in New York to 8 cents Nov. 30
(middling uplands), against 7% cents Nov. 1. An active
speculation and sharp advances occurred in grain. Cash
wheat in New York rose from 80% cents Oct. 31 to 83% Nov.
30, cash corn from 64% to 70% and oats from 43% to 49
cents. Messrs. P. J. Morgan & ( o., as managers of the
syndicate which underwrote the plan for organizing the
United States Steel Corporation, returned to the members
of the syndicate the $25,000,000 in cash (12% p. c. on the
$200,000,000 subscribed) originally paid in by them. A new
treaty between the United states and Great Britain relating
to the construction of a trans Isthmian canal and abrogat­
ing the old Clayton-Bulwer treaty was signed on the 18th
by Secretary of State Hay and Lord Pauncefote, the British
Ambassador. L i Hung Chang, the famous Chinese states­
man, died on the 7th. In the dispute between France and
Turkey, the French Government sent a fleet into Turkish
waters, which seized the custom house at Midilli, whereupon
the Porte agreed to comply with the French demands. The
Seventh Nat. Bank of this city, which suspended the pre­
vious June, resumed with new capital and new in ter­
ests in control. Parties identified with the National City
Bank acquired control of the National Citizens’ Bank (which
in turn absorbed the Ninth National) and tbe National
Butchers’ & Drovers’ Bank The Corn Exchange Bank
opened another branch and asked auth rity to increase its
stock from time to time from $' ,4^0.000 up to $5,000,000. In
Boston the National Shawmut Bank absorbed the Third N a ­
th mal and the National Bank of the Commonwealth, and
the :"tate National agreed to take orer the National Hide &
Leather; the National Bank of Redemption absorbed the
Shoe & Leather National. A National Reciprocity Conven­
tion held at Washington declared in favor of maintaining
the principle of protection and for reciprocity “ by special
modifications of the tariff, in special cases, but only where
it can be done without injury to any of our home interests
of manufacturing, commerce or farm ing.”
The PanAmerican Exposition at Buffalo came to an end Nov. 2.
Railroad Events and Stock Exchange Matters.—Countercurrents developed during November. The Northern Pacific
settlement and renewed rumors of a combination among
the Vanderbilt lines, together with the strength of the
anthracite properties, were influences operating in favor of
higher prices, while fears of tight money and a further
break in Amalgamated Copper, coupled with reports of the
unsatisfactory condition of the copper trade, were depress­
ing agencies. The last-mentioned influence finally dom­
inated and when no tangible evidence of the Vanderbilt
combination appeared, the market Nov. 30 closed weak.
Amalgamated Copper sold down from 89 Nov. 12 to 72%
Nov. 30, closing at 74%. New York Central was the leader
in the rise among the Vanderbilts, and sold up from 158%
Nov. 4 to 174% Nov. 25, and closed Nov. 30 at 170. Michigan
Central jumped from 128 Nov. 2 to 180 Nov. 25. Manhattan
Elevated advanced from 122% Nov. 1 to 139% Nov. 30 on the
approach of the time for the opei'ation of the road by elec­
tricity, accompanied by rumors that either the Metropolitan
treet Railway or New York Central was seeking control.
Among the anthracite shares Rrading common rose from
42% Nov. 1 to 52 Nov. 25, closing Nov. 30 at 50%. In the
exchange of Northern Securities stock 115 was given for
Northern Pacific common and 180 for Great Northern
shares. Balt. & Ohio shareholders were offered the right to
take additional common stock at par to the extent of 20
per cent of their holdings, in connection with plans for
financing the acquisition of the Pitts. & Western, the Clev.
Lorain & Wheeling, the Ohio River, &c.

16

THE

C H R O N IC LE .

The Monty Market,—Five per cent was frequently paid
for call loans, but there was no stringency, notwithstanding
the large gold exports. Payments a t t ids point for bond
purchases aggregated $1-1,663,67*1, and there were continued
transfers of gold from the Pacific Coast, besides which the
interior movement was in favor of New York, Surplus re­
serves of the banks declined to $8,689,935 Nov, 9, but recov­
ered to 814,486,935 Nov. 38 under the contraction in loans
( with a concurrent reduction in deposits), dropped hack to
$18,414,575 Nov. 80, when loans again increased. Money
holdings fell from $349,998,400 Nov. 3 to $346,304,700 Nov. 9,
recovering to $248,581,700 Nov. 80. Loans were reduced
from $891,933,900 Nov, 3 to $869,063,000 Nov. 38, rising then
to $876,169,300 Nov, 80, and deposits shrunk from $958,062,400 Nov. 3 to $933,957,500 Nov. 38, with a recovery to $940,668,500 Nov. 80. Call money on the Stock Exchange at the
close was 3%i <4d., with the rate at banks 4%. On time, loans
were 4 on railroad collateral, 4% on good mixed securities,
and 5@5% on industrial collateral for all periods from sixty
days to six months. Paper was 4%{§5 for double names,
and 4%(0 5 for choice and 5@5% for good single names.
Foreign Exchange, Silver, S c,—A t the season of large
merchandise exports (the trade balance in favor of the
United States for the month being $64,015,600) sustained
strength marked the foreign exchange market during Nov­
ember, attended by a heavy outflow of gold. The gold
exports from this port aggregated $15,76°,086, nearly all
going to France, though Germany also took 3% million dol­
lars; the net exports of the metal for the whole country were
only $10,686,000, owing to the arrivals on the Pacific Coast.
It was sought to explain the strength of exchange by the
statement that loans carried on American account in Eu­
rope were maturing. Against most of the gold shipments
no bills appeared on the market.
An inquiry for
exchange was also at times noted to cover bills the deliv­
ery of which It was claimed had been contracted for earlier
in the season at much lower prices. Bates steadily ad­
vanced and Nov. 18 reached 4 84%@4 85 for sixty-day bills,
4 88(34 8 8 for sight and 4 88% 414 88% for cable transfers.
The close Nov. 30 was 4 84%@4 84%, 4 87%@4 88 and 4 88%
@4 88% respectively. Money rates on the Continent eased
oil a little*, open market discounts at the close being 2%{33
at Berlin and Fra nkfort and 3% at Paris; but at London the
quotation was 3%fa3%. Silver in London was weak, partly
in connection with the demoralization in copper. The price
declined from 36 9-16d. Oct. 81 to 25%d. Nov. 30.
DECEMBER.—Current Events—The Amalgamated Copper
Co. was obliged to abandon its policy of holding copper at
17 cents, and by successive steps the price was reduced until
Lake copper was offered at 13 cents. There were violent
breaks in the metal markets abroad, and in London the
failure of W illiam Sargeant & Co., a very old house, was
announced on the 20th. The quarterly dividend of the
Amalgamated Company was further reduced, bringing it
down to a basis of 4 per cent per annum, against the former 8
percent. More important still, the quarterly dividend of the
Calumet & Hecla was on the 80th reduced from §15 per
share to $10; the par value of the shares being $25, this
meant that the quarterly pay ment had been marked down
from 60 per cent to 40. The first message of President
Roosevelt to Congress proved eminently satisfactory. Post
master General Smith resigned, and it was announced that
Henry C. Payne would succeed him. Mr. Gage, Secretary
of the Treasury, also asked to be relieved, and Gov. Leslie
M. Shaw, of
Iowa, agreed
to take the office.
Th8 "Ir o n A g e ” reported iron production December 1st
the largest on record, namely, 3.24,761 gross tons per week.
The X S. Steel Corporation decided not to advance the
J.
price of Lake ore for the new year, and also resisted a move
to advance the price of steel rails. On a small-crop esti­
mate by the Government the price of middling uplands cot­
ton in New York advanced from 8 cents Nov. 30 to 8 7-16
cents Dec. 31. The price of print cloths remained at 3 cents
for regular sizes, but narrow lots were in active demand
and l-l 6 cent higher. H ie early part of the month there
was an active speculation in grain. Cash wheat in New
York sold up from 83% cents Nov. 30 to 89% Dec. 9 ; a sharp
reaction then occurred, but the price Dec. 31 was 88%. Cash
corn in New York sold up to 74% cents Dec. 7; the close
Dec. 31 was 70%. The Secretary of the Treasury continued
to buy bonds, the payments for purchases at the New York
Sub Treasury being $7,977,924. A feature of the month was
the large deposit of legal tenders by the banks in order to re­
tire circulation, the high price of Government bonds
tempting them to sell their holdings ; the limit of $3,i 00,000-the maximum allowed for a m onth-was reached
early in the month, and later it was announced that the
limit of applications for January had also been reached.
Cash in Sub-Treasuries was $289,576,887 December 1 and
$294,449,086 December 31. The U. S. Supreme Court de­
livered some more decisions defining the status of the new
insular possessions of the United States. These followed
along the lines laid down in the decisions the previous May.
In Emil J. Pepke vs. the United States,known as the “ Four­
teen Diamond Rings Case,” it was held that the Govern­
ment could not collect duties on merchandise brought from
the Philippines, since unon the ratification of the Treaty of
Peace with Spain the Philippine Islands ceased to be foreign
territory, while Congress had not legislated with reference
to the islands. In another ease the Court sustained the con-

[Von. LXXIV.

litutionality of the law of April 12, 1900, providing for the
collection of duty on articles shipped from the United
Mates into Porto Rico. It was held that as Porto Rico
is not foreign territory goods shipped to the island
are not exports, that Congress lias wide range
in the matter of taxation, and that the Fmaker
Act was to be regarded as merely legislation in the interest
of Porto Uh-o. On the 18th the House of Representatives
passed a bill levying the same duties on articles imported
into the United States from the Philippines as are levied
upon like articles, imported from foreign countries, the duties
collected to be used for the benefit of the islands. The new
Hay Pauuoefote treaty for an Isthmian canal was ratified
by the U. 8. Senate on the 16th. The Court of Inquiry in
the case of Admiral Schley found against the Admiral by the
votes of Admirals Ramsay and Benharn, but Admiral Dewey
rendered a separate finding favorable to Schley. Later
Lieut.-Gen. Miles of the U. 8. Army was censured for having
in a newspaper interview expressed an opinion in the case.
Conferences between representatives of capital and labor,
held under tire auspices of the National Oivio Federation,
resulted in the formation of a standing committee, to be
known as the Industrial Department of the National Civic
Association, for the purpose of promoting industrial peace.
The South Carolina and West Indian Exposition was opened
at Charleston Dec. 2. The Pennsylvania Railroad announced
plans for building a tunnel under both the Hudson and the
East rivers, connecting its lines with the Long Island RR.,
the aggregate expense of which (with terminals, &c.), will
probably be $35,000,000. Guglielmo Marconi, the Italian in­
ventor, received wireless signals across the Atlantic Ocean
from Cornwall, Eng. The Nat. Bank of No. America in New
York arranged to absorb the Bank of the State of New York.
Railn ad Events and Stock Exchange Matters. —
The fur­
ther break in Amalgamated Copper (the stock selling down
to 60% on the 17th against 130 six months before in Jane)
and tight money had an adverse influence on the Stock Ex­
change early in the month, the market at times being quite
weak. Later, and particularly after action had been taken
on the Amalgamated quarterly dividend, the general list
manifested much strength, and the anthracite coal shares
and a number of others advanced to the highest figures
of the year. Sugar common dropped from 126% on
the 2d (the previous June the stock sold at 153)
to 103%x on the 24th, but subsequently recovered, and
closed at 116%. Central of New Jersey sold up from 178 to
196%, Del. Lack. & West, from 240 to 258, Reading common
from 45% to 58 and 2d pref. from 55% to 64%, and Chic.
Ind. & Louisv. common from 45% to 52%, the high points
being all reached on the 30th or 31st. Hocking Valley1com­
’
mon rose from 60% Dec. 9 to 75% Dec. 26, Long Island from.
79% Dec 2 to 90 Dec. 18, St, Louis & San Francisco common
from 50% Dec. 12 to 56% Dec. 19, and Atchison common
from 74% Dec. 12 to 80% Dec. 31. The semi-annual dividend
on Pittsb. Cin. Chic. & st. Lous common was increased from
1 to 1% p. c.; that on Minneapolis & St. Louis from 2 to 2%
p. c. Canada Southern dividend was also increased. The
Phila. & Erie declared the first dividend since 1894 on its
common stock.
The Lake Shore acquired control of the
Indiana Illinois & Iowa RR. The Norfolk & Western ac­
quired control of the Pocahontas Coal & Coke Co., issuing
thereon $20,000,000 of 4 p. c. bonds.
The Money Market.—Money rates ruled high throughout
December. On call 6, 8, 10 and 12 per cent was frequently
paid, while on the 31st even 15 was touched. Time loans at
the close were 6 for thirty days, 5 for sixty to ninety days,
4% for four months and 4% for five to six months; paper
closed at 5 for double names and 5@5% for prime and 5%@6
for good single names. Tlie early part of the month the
Treasury drew heavily upon the banks, and there were large
shipments to the interior. The latter part there was a re­
turn flow of currency from the interior, Besides buying
bonds, the Treasury Department on the 14th mailed checks
anticipating the 1st of January interest. Surplus reserves
of the banks were $6,607,675 Deo. 7 and $5,455,025 and $5,785,325 Dec. 14 and Dec. 21, with a recovery to $7,891,350
Deo. 2S. The banks were forced to contract loans, which
were $881,552,000 Dec. 7 and $857,960,200 Dec. 28. Deposits
dropped from $940,668,500 Nov, 30 to $904,096,300 Deo. 21,
increasing again to $910,869,800 Dec. 28. Money holdings
fell from $248,581,760 Nov. 30 to $231,809,400 Deo. 21, and in­
creased to $235,608,800 Dec. 28.
Foreign Exchange, Silver, < <'.—Foreign exchange con­
&•
tinued strong the early part of December, and further ship­
ments of gold took place. Later the high rates for money
here caused a sharp decline, and by the 12th sterling was
clown an average of two cents, to 4 82% @ 4 83 for sixty daybills, 4 86 @ 4 86% for sight and 4 S6% @ 4 86% for cable
transfers. When the money market began to work a trifle
less olosely, this was quickly followed by an upward reaction.
The last day of the year,with call money up to 15 p.e.. the ex­
change market was naturally unsettled. The close on that
day was at 4 83% @ 4 83% for sixty day bills, 4 86% @ 4 86%
for sight and 4 87% (a) 4 87% for cable transfers. After
first advancing, open market discounts at the European
monetary centres closed easier, except at Paris, where the
rate was fractionally higher at 2% p. o. At London t he
quotation December 8l was 3% @ 8%, a ml at Berlin
and Frankfort 3%. The Bank of England Ust heavily in
bullion. Silver f arther declined, touching 3 t-15-101, l Veetn
ber 3; the close December-;!! was at 35%u,

THE CHRONICLE

^ J anuary 4, 1903.]

17

PRICES IN 1901 AT TIIE NEW YORK STOCK EXCHANGE.
T h e t a b le s o n t h e f o l l o w i n g p a g e s s h o w t h e h i g h e s t a n d lo w e s t p r io e s a t t h e N o w Y o r k S t o c k E x c h a n g e
<of r a ilr o a d a n d m is c e lla n e o u s b o n d s a n d s t o c k s a n d a ls o o f G o v e r n m e n t a n d S t a t e s e c u r i t i e s f o r e a c h
o f th e p ast year.
t h e b a s is o f

T h e t a b le s a r e a ll c o m p i l e d from , a c t u a l s a le s .

c o m p il a t io n , e x c e p t i n t h e c a s e o f

th o s e fe w

m o n th

I n t h e s t o c k s o n e - h u n d r e d s h a r e l o t s fo r m

s to c k s w h ic h

s e ll a lm o s t e n t i r e l y in s m a ll lo t s .

F o l l o w i n g a r u le a d o p t e d b y t h e S t o c k E x c h a n g o i n A p r il, 1 8 9 6 , s a le s w h i c h a r e n o t f o r “ r e g u l a r ”

d e l i v

;ry—

t h a t is , w h e r e t h e b u y e r o r s e l l e r s t i p u l a t e s f o r t h r e e o r m o r e d a y s ' t i m e , o r w h e r e d e li v e r y i3 t o b e m a d e t h e
s a m e d a y ( t h e s a le i n t h i s l a s t i n s t a n c e b e i n g f o r “ c a s h ” ) — a r e d is r e g a r d e d .

CO URSE

OF

P R IC E S

OF

GOVERNM ENT

S E C U R IT IE S

FO R

THE

YEAR

1901.

[Compiled from sales made at the New York Stock Exchange.]

1901.
Coupon Bonds.

.1 a n .
O pening.
H ig h e s t.
Low est...
Closing.
F eb .
Opening.
H ig h e s t.
Low est...
C lo s in g ..
M arch .
O pening.
H ig h e s t.
L ow est...
C losing..

xlOG
100
105M
105%

x 05%
105%
105%
105%

Ill
111
110%
111

110
110
110
110

x 10% x 10%
111% 110%
110% llOto
111% 110%

105%
105%
105%
lu5%
106%
106%
106%
106%

111%
113
110%
112

111
112
111
112

O pening. x06%
H ig h e s t. 106%
L ow est... 106%
C lo s in g .. 106%
M ay.
O pening. 106%
H ig h e s t. 10694
L ow est... 106%
C losin g.. 106%
Ju n e.
O oen ing. 106%
H ig h e s t. 108%
L ow est... 106%
C losin g.. 108%

111%
112
111%
111%

111
111
111
111

CO URSE

x lll
114%
111
111%
lit
lit
113%
113%
lit
115%
114
115%

OF

109%
109%
108%
108%

x 10%jl05%
1 1 0 %llo 6
110% 105%
110% 1-06
138
136%
137%
138

lll% it0 5 %
111%!10«%
111% 105%
111% 106%

113%
113%
113%
11396

P R IC E S

XllO
110
K-9%
109%

138%
139%
13S^
139% '

110%
110%
110%
110%

OF

137%
137%
137%
137%

111 x llS
111% 113
111
113
111% 113
113%
113%
113%
113%

109
109
109
109

1
J u ly .
Opening. x07%
H igh est. 107%
Low est... 107%
C lo s in g .. 107%
August
Opening.
H igh est. ....
Lowest...
Closing .. ....
S e p t.
O pening. 108%
H ig h e s t. 108%
Low est... 108%
C lo s in g .. 108 %
U Cl »
Opening.
H ig h e s t. ___
Lowest...
C losing..
N ov.
0 pening. 109%
H ig h e s t. 109%
Low est... 109%
C lo s in g .. 109%
D ec.
|
Opening. 109%
H ig h est. 109%
Low est... 109%
C lo s in g .. 109%

114%
114%
113%
113%

1135%
HS%
113%
113%

138%
138%
138%
138%

x 12%
112%
112%
112%

111%
111%
111%
111%

....
....

....

109%
109%
109
.... 109

___ 106%
106%
106%
.... 106%

2s,
3s.
2s.
2s,
4s,
4s,
4s,
5s,
3s,
5s,
cons 1930
3s, 1918. 4s,
1930. small 1918. small 1907. 1925. 1904. cons 1918. 1907. 1925. 1904.

114 xl38
111% 138
114
137k
114% 137%

112% x 106
112% 106%
111% 106
111% 106%

.... x 38%
... 138%
ias%
138%
108%
108%
108%
108%:

113%x05% x 10%
113% 105% 110%
110 105% 109%
110 105% 110%

138%
139%
138%
13956

X ll4
114
114
114

x llO
110%
109%
.... 109%
J

138%
138%
138%
138%

R A IL R O A D

AND

R egistered Bonds.

Coupon Bonds.

R egistered Bonds.

2s.
2s,
3s.
2s,
cons 1930 3s, 1918, 4s,
4s,
5s,
3s,
4s,
4s,
5s,
1930. small 1913. small 1907. 1925. 1904. cons 1918. 1907. 1925. 1904.

110
110
110
110

x 12%
113
112%
113

108%
108%
108%
108%

....
....
....
....

X08% x 08%
108% 108%
10814 108%
108% 108%

138%
188%
138%
138%

113 x36%
1.13% 137%
113
136%
113% 137%

108%
108%
108%
118%

113%
113%
113%
113%

137
139%
137
139%

108%
108%
108%
108%

....
....
....

108 x 12%
108
112%
106% 112
106% 112

139%
139%
139%
139%

.... x 08% x08
.... 108% 108
.... 108% 108
.... 108% 108
108%
109 '
10 8 %
108%

....
....
....

M IS C E L L A N E O U S

108
108
103
103

112%
112%
112%
112%
113
113
113
113

BONDS

....

1.13% xl3P
113% 139
.... 112% 139
112% 139

109%
109%
109%
109%

108
108%
.... 108
108%

*. .
....

....

137
137
137
137

. . ..
. . ..
. . ..

....
....
....

....
...

x07% 112%
109% 107% 112%
109 107 % 111%
107% 1H %
109

....

112%
... 132%
... 112
.... 112%

139%
139%
139%
139%

....

....
....
...

. .. .
....
108
108
108
108
....

139% 107% x0'%
139% 107%! 108%
139% 107% 108%
107}

FO R

....
. . ..

THE

....
....
....

x im
111%
111%
.... 111%

. . ..
...»
. . ..
... .
....
....
....
....
. . ..
. . ..
....
. . .»

...

....
....

YEAR

1901

[Compiled from actual sales made at the New Y ork Stock Exchange.]

1901.
JANUARY FE B R ’RT.

March .

Apr

il

.

Ma

t

.

Ju n e .

BONDS.

JU L T .

A u g u s t . SEPT’BER. Oc t o b e r . N o v ’ b e r

D ec’b e r .

Low . H igh Low . H igh L o w . H igh L o w . H igh L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h
A l a . M i d . — See S . F . & W .
95 - 98% 96 - 98% 96% - 97% 96
98 - 99
A n n A r b o r — 3 s t , ’ 9 5 , g . 4 95 - 96% 96 - 98% 97%-101
A tc h . T o p . & S, F e . 101%-103% 103%-104% 103 -105 103
G e n e r a l , g o l d , 1 9 9 5 . 4 10296-10394 102%-103% 103%-104% 101%-103
... “ ... 102 -102% ___ - ... 10394-104
R e g i s t e r e d ............... 4 10294-102)4 L02 -102
103 -103 103
94 - 99
96
A d j u s t i n ' ! , g . , 1 9 9 5 , 4 86%- 91% 91%- 93% 91%- 95% 95 - 96% 93%- 96% 95 - 99
94 - 95
R e g i s t e r e d ............... 4
92%- 92% 91%- 95% 95%- 96% 92 - 94
93 - 96% 93%- 97
S t a m p e d , g u a r ........4 90 - 90
94
_
_
108 -108
B a l t i m o r e <fc O h i o —
96 - 97% 95%- 96%
P r . l i e n , g . , 1 9 2 5 . . . 3 % 95 - 96% 06% - 97% 96% - 9756 96 - 97% 95%'- 97
R e g i s t e r e d ............3%
05%- 95%
10294-103% 103 -105 101%-102% 99 -10294 10294-104 102%-104
G o l d , 1 9 4 8 ..................4 10196-103
.. .. - ... ___ - ... . ... - ... 101%-102
R e g i s t e r e d ............... 4 102 -102
... “ .... 102 -104
106%-109% 102%-107%
C o n y , d c b e n . , 1 9 1 1 ...4 ... “ .... ... - .... 102 -103% 10194-107% 100%-110
89%- 90% 89% - 91% 90 - 90
87%- 88% 88% - 89% 8 8 - 8 9
P i t t s . . J c . & M . D i v . 3 % 89 - 90
S . W . D i v . , 1 s t , g . . 3 % 88-%- 90% 89 - 90% 80%- 91% 89%- 00% 8B> - 90% 90%- 92
8894- 90
_
_
_
_
_
_
_
C. O. R e o r g ., 1 st...4 %
B a il. R o ch , & P ittsb .—
G e n e r a l ........................ 5
R . & P „ 1st, 1 9 2 1 .. .6
C o n s o l . , 1 s t ..............6
B u r l . C e d . R a p . <fc N o . —
1 s t ................................... 5
C o n s o l . 1 s t & c o l. tr.5
C a n . S o u t h ’ n—1st, g u .5
2d m o r t g a g e ............... 5
R e g i s t e r e d ...............0
C . B . U . F a c . — J s t , g . . .4
Cent. R k , A B ., G a . . 5
C e n t , o l G e o r g i a — 1 st.5
C o n s o l . , 1 9 4 5 , g o l d . .5
H e g i s t e r e d ............... 5
C h a t t . D i v . , J 9 5 1 . . .4
1 st p r e f . i n c o m e ........5
2 d p r e l . i n c o m e . ...... 5
3 d p r e f , i n c o m e ......... 5
M o b i le O l V ,, J s t ....... 5
C en t, of N e w J e r s e y —
1 s t c o n s , , 1 9 0 2 . ........7
(Inn. i n o r t . , 1 9 8 7 . . . . 5
R e g i s t e r e d ............... 5
A m . D ock
I m p ....... 5
1,. ( k , X V ., m o r t . . ’ 12..5
t ’o n . e * l , . ' 1 9 . g u . 4 %

115 -116% H694-117
130 -130
■
30%-130%
130 -130

117%-117% 118 -118
_

_

_

_

118 -118% 118 -11894
_
130 -131

129 -129

10694-107% 10796-107% 10796-108% 107 -108
123 -123 127%-127% 122%-124% 123 -124
107 -107% 107 -107% 107%-108% 107J4-108
uo%-m 107%-109% 107% 108% 107%-1085i
,. . .. - ..
“
L06%-106%
92%- 94
92 - 91% 94 - 94
94 - 94
95 - 95
96 - 99% 93 - 98% 0996-103 102%-103% 99 -101%
119 -120 120%-120% . . “ . .
.. - . ,
- “
97% - 103% 101 -103% 103 -107% 10096-108 101 -105

- 97^4 96%- 97

96 - 96^ 98% - £7

96 - 97

-104 103%-105% 102%-10394 10294-103% 10294-1CS56
... - ___
-103% ... - ___ 10194 - 102 % 102 -103
- 9794 96 - 97% 97 - 98
93 - 94
93%- 95
92 - 92
94 - 95% 94%- 9594 93 - 9394 93%- 9494
- 95
108 -1C 9

96%- 97
- 95% 94%- 9556 9494- 97
95 - 95
10256-104% 103 -104 10156-10294 102%-104
101%-101% 101%-101% 10194-102 10096-103
104%-107% 10394-107% 10496-10896 105 -109%
88%- S8% 89%- 89% 89 - 8994 90 - 90%
89 - 90% 8894- 00
S9%- 91%
8856- 90
■
95

112 -112

96%- 97
97 - 97
10296-104
L00%-102%
10396-107%
8996- 90%
90%- 9256
_

U7%-117% U S -118% 11756-118% US -118
_
127 -127
128 -128 129 -129 12756-12794

106%-106% 104 -104%
123%-123%
105%-106% 106 -100% 106 -106% 10696-107% 107 -107% L0794-107%
109%-110 109 -110 107 -107% 10796-10996 109 -109% 10856-110%
_
_
_
_
107 -107
_
,
93 - 93%
92 - 02% 92 - 94
“
91 - 91
9094-101% 101%-102 101 -103 102%-102% . . . . “ .. 103 -103 ...'. - . . . .
_
_
122 -122
103%-108-% 105%-108 io(i -10794 105^-107% 106%-108 10494-107% 105 -107
_
_
_
_
105%-105%
91% - 92
07 - 70
60 - 65
68 - 72
70 - 83
70%- 73% G8%- 71
77 - 73% 78 - 84% SO - 82
70 - 77% 75 - 77%
70 - 74
20 - 25% 27 - 34% 30%- 86% 28 - 31% 26 - 29% 28 - 35
29 - 32
27 - 35
32 - 3194
29 - 32% 29 - 32% 26 - 29
14 - 15% 15 - 21
8 - 10% 11 - 17% 14 - 19% 1394- 16
15%- 18% 10 - 20
19%- 19% 15 - 16% 15 - 20% 18%- 20%
_
_
_
“ ..
10594-10594

10556-107
U9%-119%
106%-107%
109M-111

108%-108 108 -108
127 -128% 128%-131% 132%-137% 132 -134
127 -127%; I27%-130% 131 -137 131 -132%
113 -113% ... . - ... 114%-115 U4%-114%
.. .. “ ...
... “ . .. . 106 -106
103 103% i(18%-10i 103%-102% '10246-103

104%-104%
123 -124
10794-109
L08%-110%

10394-105

... .

-

105J6-10594 105%-105% 105%-106

.... 12256-123% 122%-122% ___

10494-104%
132 -134
13254-133 120 -130 129)4-130 129%-130%
131 -131% l3i'M-131% 120%-lSO
... - ...
.. “ ...
11456-11156 110 -11094 112 -113%
U 3% -U3%
.. ~
■... “ ...
... " .... 106 -106
.. ~ . .
.. iom io3% 102 -108% 103%-105%, 104%-105 J0l)%-104%

-

___ 123%-124

180%-131
129 -12956
114 -114%
107 -107
103 -104%

10296-102%
131 -131J6 13156-134
129 -130 12994-131
.. .. " .... 111)6-110
103)4-103%
101 -104% 10256-tO4_

THE OH RON IDLE

18

[VOL. LXXIV

1 9 0 1 —C o n tin u e d ,
| a n u a r y PlfiBK’Ky. MAKCH. j A llt ll. j
J

MAT.

JUNK.

Ju l y .

A ugust Sb pt ’ beh . OCTOBEK. N o v ’ b e h . -Disc’naa,

BONDS,

bow. High Low. High l.o w. High jLow. High 1
1

Low. High Low. High Low, Higli Low. High bow. High

C e n t . l’ iio.- *'ti" H o .I '.i 'u ,
C h e s a p e a k e X O h io —
113*-n3* L13*-113* 114 -114
114 -114 113 -113
116%-U6% 1 1 4 *-U 7
s e r i e s A , g o ld , 11I05S-tj U5*~116%
U0*-117>d.
116 -116 U0M-116*
117 -117 |
ila - n o
119 -110 LHS*-lUi:
«
lU o rtsrau e, 1 9 1 1 ........ o 118% -ilB* n o -110
U 9*-12l 119 -121*Tl
-182 120* - 121 * 1
21 -123 119J4-120 U0*-12O%
1st, c o n ., a ., 1 9 3 9 ., 5 180*4.31 L2094-128 12094-123 1131 -132
121 -121 .... - ...
R e g i s t e r e d . . . . . . . . . . ,5 ... ..
... - ___ ... - ... il20*-120*
107 -108% 108*-108* 107 -108 104 -100% 106 -108* 107 -107% 106 -107%
G e n e r a l , l 9 9 A ....... 4 * 1 0 4 -106* lud -107* 101* 108*; 103*-108
. - ... !103 -103
R e g i s t e r e d .... .......4 k
103 -:103 103 -104 104*-105% 104*-106
R . & A . D . l s t c a o . ’ SO 4 104-^-106 100 -100 100 -1 0 0 * 100%-197% 105 -106 106 -107 104%-104*
101*-101*
102*-102* 09 - 99 0 0 * - 99 * 99 101*
‘ 4 c o n s o l,, 19 89 ....4 ,1 0 0 -103 100 -101*
4
3
100?%101 100%-101* ioi*-ioi% 101*-101* L01*-101% L0 -102* 100 -100 * 100*-100% 10094-101* 101M-101*
E ll* .. L e x . & B . S . . .. 5 10aM-108k
C h ic a g o & A l t o n —
103*-103*
102 % 1 0 2 % 102 * - 102 *
l i n k i n g fu n d , 1 9 O 3 ..ti|
lQ594-l0591
8 8 -8 9
01 * - 91* 82*- 92* 90 - 90
87* 88 86 - 88 87 - 87* 87*- 88
R e f u n d i n g , 1 9 4 9 ......... 3 93 - 94 0 2 * - 93k 9 3 * - 9 3 * 00 - 90
D . S . T v . C o . Ctis,. 3 01M- 93 | 9 3 *9392 - 92% 9 1 * - 92* 91%- 92* 9294- 93%
86 - 87* 84 - 85* 84 - 85 84 - 85 84*- 85* 84% 86* &5^- 86*
Hallway, 1 9 5 0 ............. 3 k 8 3 * - 85 8 4 * - 80
8m - 85* 8 4 * - 8 6 * 84*- 86
C h ic . B u r l , & Q u in c y —
C o n s o l ....... ................,7 108*-108* 109 -109* 109 -109* 10996-100* 109*-109* 109%-10S% 106%-106% 106%-107* 106%-106%106%-107% 107*-108* 108 -108*
102 -102
102*-102* 100%-10Q*
S i n k , fu n d , 1 9 0 1 ...... 3 1 0 1 *1 0 1 *
101 101*101 - 101%
JJeuver i ) i v „ 1944..4 102* - 102* 102 -102 102 -102 103 -102* 102*-102% 101*-101% 102* 102*
Illin o is D iv., 1 9 4 9 .3 * 103* 104* 103*-103% 103%-104 103%-10S% 103 -103* 103%-104 101%-lOS 102*-102% 102*- 103 10296- 102 % 102%-104 104 -1 0 4 *
115*-115*
114 -114
Io w a D iv., sink, id.. .5 .... - __
0
10396-103% 103*-103« 104*-101%
1919 ................... 4 ... - .... 1O5*-1O0 107 -107 104*-104* 1 5 -105 105 -105 L05*-105*
no -11194 111*-112 110 -110% 111 -111
N e b i’ ska Ext.,1947.4 112 -112* 112*-112* il2 * -U 2 % 112*-113 no*-no% 110*-111 U 0*-1H
109*-109*
11294-112%
R e g istered .,., ..... .4 ... - ...

100%-100% ... “ ...
S. W . D iv ., 1 9 41.....4 ... - ..
C on vertib le, 1903...3 14294-145 141*-146* 150 -174% 183* 196* 194 -191 Mt, “ ... 19i*-19i*
Debenture, 1 9 1 3 ..... 5 110 - 1 1 1 * U l * - l l l * 111 -1 1 2 U l * - n 2 % 109 -109* no - i n * 10^-109* 109*-109% no -no no*-iu 108 -109 10894-10894
120 -120 12094-120 % 121*-121*
H a n . <fc St. J ., eons..till22%-122% 123*-123% 121 -121 121 -121 121* - 121* 121 -121 .... - ....
Chic. & East, Illin o is—
114 -114 1U *-111*
113 -113* U 3 * -1 1 8 * 113*-114% 115 -115 .... - ... 117 -117 112 -112 112%112 %
1 st, sin king fund.....O
137 -137 .... ~ .... 137*-137*
135 -136* 137*-187* 138*-138*
1st consol,, g o ld ....... ti 135*-13S% 137*-137* 138*-140 188*-138*
Gen. cons. 1st, 1937.5 115 -117* 118*-124* 124*-120* 123*-127 12294-123 123 -123* 123 -123 122*-123 122* - 122% 123*-124* 121 - 122% 122 -123
120* - 120 * 121*-121* 122* 122 *
Cfa.tfc In . C’ l B y —1st.5 112%-113* lie -lie 119 -125 123*-125 123 -123 .... - .... 120 -120 U9*-U9%
Chi :, Ind. kfc Lou isv.—
121*-124 124 -124* 128 -128
Re.u nding, 19 47..... 6 115 -118 118 -120* 119 -123* 123*-124 124 -124 125 -126* 122 -122 121*-124
11394-116%
Refunding, 1947..... 5 106%-108* toe*-io8* 110 -110* no -m no -113% 114%-1H% n o -n o 109 -111*
L13 -113*
114 -114 U5*-115% U 5*-U 5 * 116 -116*
L o a . N. A . & C., ls t.fi 113 -114 1 1 4 * -1 H * 1 1 4 * -U 4 * 117 -117
Chic. M ilw . & St. IV 189 1st, gold, B , D, 1904.7
184*-185 184 -185 192*-192* 180 -ISO
183 - 183
1st C. & M . D iv ........7 188*-190
Consol., 1 9 0 5 ...........7 182*-188 1S5 -185 184 -186 18394-194 190 -192 183 -183 180 -180 181 -181 182*- 182* 168*-189* 187 -187 186 -186
115*-115* ... “ .... 1U% -1U* 11294- 113* 113 - 113* 114 -114* 114 - 114
T e r m in a l............. ..5
U4% -H4% 11494-115 114*-115*
Gen. M .,“ A ” 1989 .4 112%-114% 113%-H4% 11S*-114* 113 -113* 112 -113 11194-112* no - n o * U0%-110% 110 -■ n o * 110% 111 U1M-U2 H I* 112
_
117«- 117; 118%-118%
Chic. & 4,. Sup. D iv .5 U9%419%
ii6 * - n e *
121 -121
_
121
118 -119% 119 -•119* 110 % 119* 121*-121* 121* - • *
121*-122%
Chic. & M o. R . D iv . .5 132*-132*
UCi*-H6* 116 - 116 116 -■ 1 9
Chic, & Pac. D iv ...... 6 118 -118 119 -119 118 -118 U8*-H8% 118 -1189
16s
Chic. & P ac. W . D iv .5 119* 120* 1 2 0 * - 1 2 1 1 2 0*-122 120*-121 119*-120 119*-120 116%-117 U6*-117* 117 --118 117% 118* 118*-119* 119 -■119*
115 -115 .... - ... . 112%-112% 11194-112 112% ■112% 113 - 113 114%U4*
D a k o ta & G t, So, ...5 115*-115* 11594-115% 116 -116*
123«- 124*
1st H . <fe D, D iv ........7 125*-125% 12594-125% 126 -126 126*-126%
12094-120%
109*-109*
no*-no*
1 9 1 0 ....................... 5 U0%-110%
185 --1
85
1st I . & D. E x ten ..... 7 185*-187*
188 -188
117*--1 7*
1
118 -118
U 8*-119
1st 4 a . C. & D „ ’ 19..5 117%-11S%
110M-110*
M in eral Point D iv ...5 110* 110*
108 -108
110*-110*
114%-116 116 -116 115 -116* 115*--117 117*-U7* 117%-117*
1st So. Minn, D iv . . . . . 6 117*-119 118 -118% ii8*-ne% 118%-118%
11594- 116
lie ■
-116*
1st So, W est. D iv. . . . . 6 117 -117*
113 -113 113 -113
117*-H7% 117 -117}
18
W is ,& M in. D iv ....... 5 119%-119% 130 -120
117*-■ 1 118*-U8^
119 -119 .... - .... UfJ%-116% U 6 * - U 6 *
M . & No., 1st, 1910.6
116 -116
U9%-119% 119 -119
118%-118%
1 st on ex *., 1913...6
121*-121* 121*-122
Chic. & N orth w est’ n—
139*-140*
140 - 140 140 -140
Consol., 19 15 ..------- 7 139%-189% 141 -141 140 -142* 142*-142* 140 -142' 142*-142* 141 -142*
Gold, coup., 1 9 0 4 ___7 107%-107*
108 -108 108 -108 107 -107}, 104*-104% 105 -105
105*-•105* 105*-105* 106 -106 102*-103%.
Gold, reg.» 1 9 0 4 .......7 •107*-107*
106 -106 106 -106 102 -103%
107%-lOS 108 -103
... “ ... 10494-104%
Extern bonds, 1946..4 109 -109
112 -112
108*-109 108*-10S*
108%10S9s i09 *-no* 109 -109
111 -111
109*-110* 110 -110*
G en eral, 19 87.......3 * 109*-110
110 -116
Sinking fund, conp__ 6
116 -116 116 -H6
115 -115 11694- 116%
:-i07 108%-10S%
110*-U0* 10S*-109* 10S*-l09 10SM-10894 .... - .... 108*-109
Sinking fund, conp .. .5 10SM-108*
R e g is te r e d ........... 5
108 -108
45 yrs, deben,, 1909.5 108 -110 * no -no 110*-110* U094-11094 109 -109 109 -109 .... - .... 109 -110
108 -108
R e g is te r e d ............. 5
108% 103%
114%-117}
L17 -117 .... - .... 117M-117*
3 0 -y e a r deb., 1941.. 5 US -U 6* 116 -110 117 -117 117 -117
114 -114
R e g is te r e d ............. 5
123 -123 121*-121% 121* - 121*
Debenture, 1 9 3 3 ..... 5 124 -125% 124 -124 12494-124% 124 -124 121*-122 122 -122 12$*-122* 122 -122
R e g is te r e d ............. 5 123 -122*
123 -123
Mil.dk M ., 1st, 1905.6 113 -113
- ....
110*-U0*
111 -111
N orth . Illin o is , 1st..5
111 -111
Ot. C .F . & S t .P „ ls t .5
111*-111* .... - •... 110%-110%
1S5*-136 186%-136%
81.L . S .tfcW ls t.,’ 31.6 136%-136% 136*-136% 138 -138* 141*-141*
138%-138* .... - .... 136*-136* 137 - 137*
125%•125* 125*-125% 125%-126% 127 -127
Ext. & Im p,, a. f ... .5 120 -127* 123*-125 126 -126* 126*-127 127 -127 127%-127% 127 -127
A sh lan d D iv., 1st . , 6
14394-143%
140%140%
M ich. D ivision , 1st .6 13S%-138% 142 -142 14294-142% 142*-143 142 -142*
139%-140 140 -140
107*-107*
Conv, deben.,1907.5
Incomes, 19 11....... 6
113 -113
180 -ISO 129%-1S3%
Chic.-R, is l’ d & P a c . .6 130%-130* 131 -181 130*-130% 130*-130*
131 -131 127%-127* 128 -128 128 -128
128M-128* 126 -129%
R e g is t e r e d ............... 6
127*-127*
126*-126*
132*-132*
106*-107 10e*-107*
G en era l, 19S8, g..... 4 107*-110 ios*-no 108*-109 105 -108%
107%-108% 106%-107% 106*-107 105%106% 106 -:
R e g is te r e d ............. 4
106*-106*
105*-106* 106 -106%
106 -106
106*-106%
9 9 *- 99%
D .M .& P . D .1st,’ 05.4
K e o k . & Des M „ lst.5 H l * - l l l * 113 -112 112 - 112* U0%-110% 110*-110% 111 -111 .... - .... n i* - iu %
Chic. St.P. Min.<& ©in.—
Consol., 1 9 3 0 ........... 6 134*-135* 136 -139* 140 -141 140*-140% 141%-142 1S8*-139 139 -139* 18S*-1SS% 138*-ISS}^ 139*-140* 141 -141*: ISS%-141
Chic. St. P .d k M .,lst. .6
134 -134 140*-140*
139 -139 13S%-18S% 13S*-138* 187*-139 189*-140 1SS*-18S*,.180 -139*
140 -140
N o. W is ., 1st, 1930.6
St. P.xStS. City—1st . . 6 iso -131 181*-131*
130 -132 131*-1S1* 129 -129 180 -ISO 127 -129 129 -129% 129*-199*
130 -130*
Chic. T e rn i’ l T ra n si. .4 92 - 97% 95%- 97 * 9 8 * - 98 95 - 97*
95%- 96* 02*- 94% 93*- 95* 08*- • 95* 03 - 04 88 - 92% 87 - 01*
Chic. & W est’ n lu d .—
le t , sink, id., 1919 . .6
107%-107*
G en eral.................... < 119%-119%
j
U0M-119W. . - ....
1 1 8 *-1 1 9
418 -IIS
ii7 - n s
Cin. H am , < k D ayton —
3
m * in *
Consol., s. f , 1905-.7
113*111 jilt -114
Cin. D ay. & I r . 1st.. .5 I i 3* - ii 3*
114 -115
U S -113 ***• “ •“ * 114 -114
C .I.S .L .& C .U ^ ;

THE

January 4, 1902.]

CHRONICLE

19

1901—C o n tin u ed.
I A N U A U Y H B R ’R Y .
’E

M ARCH.

A

p r il

.

M AY.

J (JNK.

J0LY.

A 0 O U 8 T . SEPT’llER. O c t o b e r . N O V ’ BER.I D e c ’ h e r .

BONDS*
L o w . l ll g b L o w . H ig h L o w . H igh L o w . Ilkgli L o w . 1llg h L o w . H ig h L o w . H igh L o w . H igh L o w . H ig h L o w . H igh L o w . 1 lgh L o w . H igh
1
C l . D i n . e l i t e . (fc B t . I i . C o n c r u D .........................4 101
i««.u b .ih i t i v . i « » .
>
i 09
C l n . W a b . & I U . , 1 s t .4
t in

Ar T ill . I

nc.

’40

4

C . I . S t . I . . & C . , 1 s t .4
f ! l n M in i. A ' (HI . <>nn.rb
( ] , ( ] , C . 4V I m t*4 S HO 1 ."5
1 I
Ti,

Ri

&

-104 k 10Sk-104
- 99

103%-105k 104

-105

0 8 k - 90k 101k-101k . . . . - . .. . 102 -104 k
I01k-105
105%-105%
104k-104k 105 -105
100 -100
. .. . - ... . 104k-104k . ... - ...
11354-113% 115k-115k 115 -115
135V4-135M 136 -130
136 -130
134 -134
130 -136k

104

-104k I03k~104

___

-

.. .

102
103
100 -100
104 -104
i I5 k -ii5 k
180

102 -102% . . . .
- ... .
_
-104
103 -103
-100
-100
I0 4 k -1 0 4 k . . . . - . . . . 104
_
114%-114%

In c o m e s* 1 0 9 0 .
C l e v , L o t * . ^ W , —I

.4
n !..5

9 5 k - 97

97 - 99

1 5 k - 53k
_

6 3 k - 05
_
_

C l.
M n .li* V * — 1 9 3 8 5 130 -130
C o l o r a d o M i d . — 1 s t . 3 - 4 78 - 7 9 k
1 s t , g o l d , 1 0 4 7 ......... 4 77 - 79%
C o l * <fe S o . — 1 s t , g . ’ i£ 9 .4 83 - 86
D e l a w a r e *fe H u d s o n —
1 st* P a . I ) i v . f 1 9 1 7 . .7

7 8 k - 83k
7 8 k - 82
83%- 8 7 k

9 7 k -100
58 - 73
130k-130k
8 0 k - 87
8 0 k - 87
84%- 89

95

- 98

01 - 05

9 0 k - 98
05 - 07
_
_

97 - 08%

8 1 k - 85k
82 - 85

84 - 8 5 k
84 - 85

63

8 8 k - 89%

8 0 k - 83
81 - 82
88 - 89%

05 - 97
00 - 00
129k-129k

83

- 87k

83 k - 87k
87 - 89%

- 89%

_
_
1 s t * c o u p . , g u a r ...... f>
1 s t * r e g i s t e r e d ........0
1 1 2 k -H 2 k
151 -151
R e n . <fc B a r . , 1 s t , ’ 2 1 .7
150%-150%
_
R e g i s t e r e d .............. . 7 151 -151
D e l. L a c k .& W e s t ’ n—
_
121 -121
120%-120%
1 9 0 7 ................................ 7 123k-128k
M o r r i s <fc E s s e x * 1 s t .7 139k-139k 139k-140
13 9k-139k 139%-139% . . . . _
_
104^-104%
1 8 7 1 - 1 9 0 1 ................ 7
i o i k - i o i k 101%-101%
C o n s o l . , g u a r ............ 7 . .. - . .. .
1 4 0 k -U 0 k 140k-140k 140 -140
_
- i . 136 -136
N . Y . L . & W o , 1 s t ___ 0
136k-136k 130k-136k
119 -119
C o n s tru c t’n, 1 9 2 3 .5
118k-118k
1 1 8 k -H 8 k
.... - ....
T e r m ’ l & I m p r ’ m t ..4 .... - . . . . . .. - ...
_
_
S y r . B in g h . & N . Y ..7
ii7 k -n 7 k
D e n v e r <fc R i o G r a n d e C o n s o l . , 1 9 3 6 ............. 4 100 -101% 102 -1 0 3 k 102 -102% 101%-102% 101 -102%
111 -111
1 s t c o n s o l . * 1 9 3 6 . . . 4 k 108 -108
109%-110k n o - n o k 1 0 9 k -H 0
110 -111
I m p r o v e m e n t * 1 9 2 8 . 5 107 -1 0 7 k 107M -H0
l ll k - 1 1 2
1 0 9 k -H l
_
_
_
D f t n v , A ” S o , T V fi« t ,g e n ..5
D e s |VTnf I T n i o n — 1 s t ___ 5 108%-108% 111 -111
M » c k .— 1 s t l ’ n .4
G o l d ................................. 4
85 - 8 7 k 83 - 89% 89 - 91% . . . . - . . . . 90 - 91
_
_
S
T
_
D e t r o i t H o u t h ’ n , 1 s t ..4

_
O h io S o n . D iv .* 1 s t ..4
1 1 0 k -H 5
D u l u t h & I . R . — 1 s t . . . 5 1 1 0 k -H 2
115 -115
D u l . S . S . & A t l , — 1 9 3 7 . 5 112 -1 1 2 k . . . . - . . . . 115 -115
E . T . V a . <fe G a . — See S o .
_
_
E l g . J o i n <V- E . — 1 s t , g . . 5
E r i e — 1st* E x t . 1 9 1 7 .5
2 d , E x t . , 1 9 1 9 ............. 5
3 d , E x t . , 1 9 2 3 ........... 4 k
4 t b , E x t . , 1 9 2 0 ........... 5
5 t b , E x t . , 1 9 2 8 ........... 4
1 s t , c o n s o l . , g o l d ......... 7
1 st, c o n s ., g .« fu n d ’ g .7
1 s t c o n . p r i o r l i e n , g .4
R e g i s t e r e d ..................4
1 s t c o n . g e n . 1., ’ 9 6 . . 4
P e n n . c o ll, t r ., 1 9 5 1 .4
B u f f . N . Y . <fc E . , 1 s t . 7
C h i c . <fc E r i e , 1 s t , g . . 5
J e ffe r s o n , 1 st, g u a r . . 5
L o n g L o c k c o n s .’ 3 5 -6
D o c k <fc l m p t . , 1 s t ... .6
M i d l ’ d o f N . J . , 1 s t .. 6
N . Y . B u s . <fc W . , r e f . 5
2 d , 1 9 3 7 ................ 4 k
G e n ., g o ld , 1 9 4 0 ....5
T e r m ’ l, 1 s t , 1 9 4 3 ..5
W i l k . d k E ., 1 s t ,’ 4 2 .5
E v a n s v . <fe T , H . — C o n . 6
1 s t, g e n ,, 1 9 4 2 , g o l d . 5
E v a n s v . <fc i n d i a n a p . —
1 s t * c o n s o l . , 1 9 2 6 ___ 6
F l . <Sc P . M q.-Se« P . Mq.
F t. W . & D . C .-l8 t ....O

118k-119k
121 -121
118 -118

_

124 -124

. . . . 101 -101
103 -103

-1 0 4 k
_

63 k- 07
_

115 -115
1 1 3 k -H 3 k

90 - 93
05 - 70
_
80
82

104 k-10 4 k
9 7 k - 98% 97k - 9 8 k
90%-lOOk 98 - 09
09 - 79k 71 - 76% 74 - 7 8 k 73 - 77
115 -115

- 8 2 k 7 9 k - 81
- 82
80 - 83

7 9 k - 8 1 k 81 - 83k 8 2 k - 8 4 k
80 - 82
83 - 85
8 1 k - 84
87 - 8 8 k 8 6 k - 8 8 k 8 7 k - 88% 88 - 90
88 - 9 0 k

116 -116

110

u ik -in k lllk -lllk
112 -112

1 1 0 k -lll

I5 3 k ‘ 153k 152k-152k

152 -152

_

„

-110

_
_

136k-130k 138 -138
_
_

138 -138

90 - 91

102 -102
91 - 91

91

..

-

....

114 -1 1 4 k 115k-115k . . . .

_

. . . . 116

_

_

„

_

- 91

91 - 92

-116

113 -113
116 -116

_

_

_

.

_

_

. . . . 139

-139% 140 -140

136k-136k
120 -121
122k-123
_
105 -105

_

121k-121k 121%-123
_
108 -108
_
137 -138

....

99
99

9 7 k - 99

97%- 99

_

_

8 2 k -1 0 7 k 104 -1 09 k 101 -111
88 - 88k 85 - 89
7 5 k - 87
_
101 -101

108 -3 08
1 4 0 k -U 0 % 140%-14l
137 -137
99 -100% 99%-101%

87% - 9 0 k 8 8 k - 9 1 k
8 9 k 8 7 k - 8 9 k 8 6 k - 88
9 2 k - 9 4 k 94 - 95% 93%- 95%
93k

- -...

136k"136k
I2 2 k-122 k 123k-123k
107 -107

•

_
116 -116
118 -118

_

_

.... ....

_

. . . . 100k-101

lO 4k-lO 0
105k-106
1O6%-1O0%

1 1 6 k -H 5 %
117%-117%

107k-109k 1 0 9 k -H 0 %
115k-115k
112 -112 1 0 9 k -H 0
124 -1 2 5 k
108k-109k I08 k-109 "

—

110 -114

106k-108k 102 -1 0 7 k 104 -106
89 - 92
85 - 8 6 k 8 6 k - 87

L22k-123k
105k~105k

137 -137

137k-137k
118k H 8 k

103 -105

102k-108
80 - 8 0 k 8 5 k - 87
103%-105

106k-108% 103%-106
86%- 88
87 - 9 0 k
_
104%-105

_
....

L l2 k -H 3

111 -111

121 -121

8 1 k - 85
0 9 k - 76

9 2 k - 93
90 - 9 0 k
8 7 k - 87% 85 - 86
93% - 95
113 -114 113 -113
_
115 -116

_

118% 118% 116 -117% 1 1 5 k -H 6 k
115 -116
1 1 7 k -H 7 k 118 -118
117 -117
111 -1 1 1 k 1 1 6 k -H 6 k 118 -118
117 -117
114 -1 1 5 k 115 -115
...
118 -119
_
._
.
94 - 94
105 -100
1043*-105& 102k-103
105k-107% 106 -107
105 -105% L05%-106k 107k-107k
100 -1 0 4 k 105 -100
_
_
115k-116k
1 0 9 k -H 0 109 -110 110 -110
107k-107k I0 7 k -1 0 8 k n o - n o k 110k-110k 1 1 0 k - l l l k
124 -124
123 -123
124k-120
124k-124k I23k-124
123 -123%
107 -1 08 k 108 '-109% 108 -109
108 -109
1 0 8 k - l ll

7 0 k - 81k
07 - 0 9 k
t .W .(S c R .G r .-l8 t .3 -4
a l v . H , <fe 11. o f ’ 8 2 .. 5 I02k-103
. 11 • <feS, A . — iS e8 . P • C o .
'e
_
a . C a r . <fc N . — 1 s t , g u .5
a . P a c i f i c — See H o u t h ’ n
. N o . —C . B . & Q . c l.t r .4 .... - ....
_
R e g i s t e r e d ...... ......
4
H o c k . V a l . — 1 s t , c o n « 4 k 103k-104%
C.
H . V ,, 1 st, e x t ..4
H . E . (S W . T . - S e e 8 . P .
c
I I . dk T . V.-See Ho P a c .
Illin o is C e n tr a l—
1 « t , g o l d , 1 9 5 1 ........... 4
1 s t, g o l d , 1 9 5 1 ........3 H
G o l d , l»5 S i.............. 4
R e g i s t e r e d ................4
G o l d , 1 9 5 3 ................. 4 104 -1 04 k
L o u i s v . D i v . , g o l d . 3 k 101%-102k
_
8 t . L o u i s I > l v , ; g o l d . .3
G o l d , 1 0 5 1 .............3!4 102 -102%
W e s t e r n L i n e s * 1 s t..4 U 5 k - l l 5 k
_
B e l l e , dk C a r o n . * 1 s t .6
C . H t . L . As N . O . * g . c p . 5 120 -1 20 k
R e g i s t e r e d ................5

....

115 -115
119 -119

_

_

-

’

140 -141
141 -142
142 -1 4 2 k . . . . - . . . . 140 -140
142k-143k . . .
_
_
_
135k-135%
135k-135k
9 5 k ' 9 7 k 9 6 k - 97% 9 6 k - 99 ~ 9 8 k - 99% 9 7 k - 99% 9 9 k-101 k 97 - 9 9 k 98 _
_
_
99 84 - 89
82%- 85% 83 - 85% 8 3 k - 89% 87 - 90
89 - 91
8 5 k - 88k 8 5 k _
_
9 5 k - 96k 94 - 96
92k-

_

....

102k-104k 101 -102k 101k-102k 102 -102% 102 -103 102%-103% 103k-103%
_
_
_
111 -111
L llk - 1 1 4 k
111 -112
112 -112 113 -113 ___ - ___ 1 1 3 k -H 3 k 110k-110k
1 0 8 % -lllk
95 - 9 5 k 9 4 k - 95
92 - 94
9 3 k - 93% 92 - 94%
9 5 k - 96

_

108 -1 0 8 k

117%-118k

138 -138

‘

138 -1 3 8 k

114k-134k
L lO k -llO k l l O k - H O k
109k-109k

138k-138k 136%-136% 138k-138k I3 8 k -1 3 8 k 140 -140 139 -139 . . . . 135 -135k 136%-136% 137 -137
136k-136k 13 3 k -1 3 3 k
1 1 9 k -H 9 k
___ - ___
. .. - . . . . 104k-104k ___ - ... . 104%-104% 104%-104%
_
116 -110

142 -142

_

................
135k-13Tik

147U~1d71^
11 *V T ■ J /
y ‘■

_

112k-112k

_

105 -105
11 5 k -110 k

107 -107

_

. . . . - . ... 104k-104k
102 -104 103k-104k

119 -149

_

112 -113
115 -115

120k-120%
1 1 6 k -H 0 k 116 -116
123%-124

116 -121!* 121 -121
120k-122
106%-106%
100 -100
140 -140
138 -139
139%-140

|
-101k 102!*-)01J*

147k-147k

145k-145k
150 -150
117 -117

R e g i s t e r e d ................ 7
A lit, &r. M iis q .t 1 s t, g u .7

_

104

131%-131k
-133k 138 -138
139k-138k 133 -133

W . . 1 st. n f . 1

F e o . & E . , 1 s t , c o n s . .4

F
G
G
G
G
G

...
103
100
100

103 -1 04 k 103k-104k 103 -104 k 103 -106
_
_
_
_

109 -109

98k-100%

99 - 99>*

9 7 k - 99k

105k-106k 104 -100k 106k-109k 106k-107% 106k-107
104%-104%

_

115k-115k
107k-107k 107k-107k
104 -104
104 -104
104k-104k

97%- 99
- 97% 9 5 k - 98k 98 - 99
96 - 97
9 6 k - 07% 9 6 k - 93
106 -107 106k-107 JL
07 -1 08 k 108 -110
,
105 -105 104 -104

97 - 9 8 k 95

_
106 -100

101 -104
105k-105k 105 -106

104%-104%
102 -102

10S -1 o s v . lOKl^-1 OB ios _1o a ; 105%-! 05%
n<
i o.'>k - J05% 105%-100
102 -1 0 2 k 103 -105
102%-102% 103 -103
102k-102k i o i k - i o i k 102 -1 02 k 100k-100k
• • “ • • • • 102 -102k 102k-102k
*
_
90 - 91
9 0 k - 90k
_
1 0 1 k -1 0 iy
102k-102k 102%-102k
___ - . . . .
113 -113% 114 -1 14 k
. . . - . . . . 113%-115
.... - ....
114 -114
—
U 2 k -1 1 2 k 112k-113%
_
_
_
_
124 -124
120%-120% . . . . - . .. . 127k-128k 128 -128
127k-129k 127 -128
127 -127 127 -128 128 -128 120k-129k 130 -130
_
_
_
123%-128%
124 -124

G o l d , 1 9 5 1 ............ 3 k
M e r r i p h . D i v . * 1 s t .. .4 107k-107k
H t . It. H o ., 1st, g u n r .4
....

101k-101k
100 -100

.
.
-

. ..

...

-

. .. . . . . .

-

....

__

-

.. .

_

_

_

105 -106

THE

CHBONJCLE

[V ol. LXXIV,

liMti -Continued.
B O N D S,

Ja n u a r y F e b r ' r y

Ma HCI.

APRIL.

Ma y .

JC E
TN .

Ju l y .

1
AUGUST. Se p t ’ b er . 1 ctober .!N o v ’ b er .
O

d eo ’bbr .

Cow.High Low.High Low,High Low. High Low,High Low.High Low, High Low. High Low, High Low,High Low.High Low. High
la d , lic e . dfc W e s t’ ll—
ia i,
1 9 3 5 ...... -5
lu d , 1Uiiiulsi dte Io w a
1st, g eld , 19 5 0 ..... 4
ltttern u .i’ 1 & Tit. No*—
1st, 1919,.................. 6
2d, 1 9 0 9 ...................S'
3d, 1921...... ............ 4
Io w a Cent*—la t, g old .,5
ttefu u d iu gi l 9 d l ..... 4
i i iu , & m .—s*a T . A O .C.
B .C ity S o.—ia t, 1950.3
R y u , C en t.—Stf* L . dte N*
1 , B rie & W est—1st.,*5

■

_

105 -106
_ j

124%-125%' 125
f}g$$40O
99
07 - *0?3e 67
11534-116^ 116
-

L07 -107

107 -107 105%-105% 109 -109

„

993ft- 993*

-125% 120 -12634 Il26%-126% 124
06
- 99U 06%- 99 98%-100
- 70 65 - 73 713a- ^132 74
-116% 116 -117 U6%-117% 117
_
_

67 - 6934 09 - 703* 89 - 72% 6936- T
O

107 -107

-124 125 -125
-100 100 -101
_
- 75
-117% 115%-ns
_

6734“ 69% €9%- 70

00%- 09% 100 -100

98%-100%

124 -120 120 -128 126%-126% 125%-127% 125%-125% 123 -123%
100 -101% 101%“108 100 -101 100 -101 1003^-100% 99 -100^
_
74%^ 80
74%- 78
115%-116% 115%-110% U0%-117% 116%-ns L17%-119 116%-116%
_
„
_
.
94 - 94
68%- 70

C9%- 70

60 - 70

603^- 69

68%- 72% 7094- 72%

122 -12234 122%-124 123 -123% 12436-1243* 121 -122% 122 -123 L18% 120 .... - .... 120 -120% 120%-122 ... 122%-122%
117 -118 11?%-118% 118%-118% .... - .... 118%-120 120 -120 118%-118% ___ - .... 118 -118% 118%-118% 1183^-118% ,.... - ....
_
_
_
n o -n o 1103^-110% n o -n o
110%-110% 111%-1113^112 -112%
N orth ern O hio, 1st.,5 11536-115%
L . Shove—Se# U . Y « C,
_
_
iio%-no%
JLeh* V a L (F a .), co ll,. .5
L e h . V a lle y , N. Y .~
1 st, gutar,, g o ld ...... 4% 10936-110 11036-110% .... - .... 111 -111^ 110% -in
- __ i 08%-no% 110 -n o .... - .... no%-no% no -110% .... “ ...»
_
108%'108% 108%-108%
R e g is te r e d .,....... 4M 1O0%-1O0% 11034-11034 I l l -111
_
_
,,,. - ,,,, 1U%-118%
L e h . V a L T e n n M -ls c .fi
... - ....
- ... .... - .. J
_
_
.
.
li. Val# C o a l—1 st., gu .fi
100 -109
_
_
100 -100
L e h .tfc N * V .—1st, gu.4 9 5 -9 5
634 96%- 96%
98 - 99 95 - 9
97 - 97
jLoog Is la n d —
_
_
12234-12234
1st, con sol,, 1 9 3 1 — 5 123 -128
121M-131%
12L -121
100 -100 101%-102% L02%-102^ 101 -1C2
G en . m ol t., 1 9 3 8 — 4 103 *104% 103%-104 104 -105 104 -104% 103 -104 101 -102 101%-102
_
_
_
_
102%-1Q2%
F e r r y , 1st, 1922. -43*2 105 -105
104 -104 105 -105
98 - 98% 97%-101
98 - 99
98%- 09% £8%-100
99%-100
99 - 99% 97%-100 98 - 98% 99 - 9QH 99 -100
U n ified , 1 9 4 9 .......... 4
97 -100
_
_
■
_
_
95 - 95
D eb en tu res, 1 9 3 1 ... ,5
110 -110
B ’ k ly n dk ‘l io n ,, 1st. .5
109%-109%
.L o u is v ille & N ash v*—
G en era l m o rtg a g e .. .6 112 -119 U8%-120 119 -120 120 -12036 119M-120 118 -118% US%-118% 118%-119 119 -119% 119 -119% L20%-121 117%-118%
5 0 *ye a r» g o ld , 193^*5 i n - m
112 -112 113 -113 113 -113% 112 -112 113 -113% 113%-114% LU%'114% 114 -114 .... - .... L.,, - .... .... - ....
U n ified , g o ld , 1940..4 90J§|101M 100%-101% 101%-102% 102% 103% 102%-103% 103%-104% 101 -102% 101 -102 L01%-102 101%-102 101^-10225 102%-103
C ol* tru st, g „ 1931.. .5 110%-11G^ Ul%-112% .... - .... 112%-112% .... — .... 112 -114% 113 -113% 111 -111 112%-112%114 -114% 113 -113 ... « ....
C oll* tru s t, 5 »2 0 s — 4 99%-lQOM 100 -101 100%-102 99 -100
99%-100 100%-101 100%-100% 100%~100% 100%-102 99 - 99% 99%-100 99%-100%
_
_
_
_
? '
£
_
£* I I ,
N ,, 1 s t......... 0
113 -113%
116 -116
N* 0* dk M ob., 1 st__ 6 130 -ISO
130 -130 131%-131%
130%-130% 130 -130
2 d .......................... &
119%-119%
L20 -120
_
„
Pensac* & A tl*, 1st..6 118 -113
117 -117
U4%-115%
111%-113
_
1 1
L24%-124%
S t, L . D iv ., 1st, ’ 2 1 .6 126%-126%
2d, 1 9 S 0 ................ 3
73%- 73%
.iS o .& No* A la .co n .g u .fi in % -n i% 110 -n o
- ..... .... - .... 1123^-112% ... - ....
115 -115% 115 -115 115 -115 115%-115% 115 -115
9936-100 99%-100
O
99%-100 100 -100 102 -102 100%-100% 100 -100 L O -100 100 -100 100%-101 101 -101%
K en * C en t,, 1 9 8 7 .....4 96M- 99
_
_.
_
_
-, “ T 110%-110%
L .& N *& a i.d U M .ls t4 ^ 112 -112
Nask.FLdteS*, 1 st,gu .5 112 -112
115 -115
111 -111
_
_
ii.
100 -100
L , & J e ll* M9dge, gu ...4
L .N *A ,& C *-^ e eC *I,ife L .
%
M a n h a t.-C o n ., 1 9 9 0 .4 104M-106 106 -106% 105%-106% 104%-105% 104%-1C5% 105 -105% 104 -105 103%-104% 104 -104% 102 -108 L03 -105>t 105 -107 1
_
_
_
—
R e g is te r e d ..... .......4
105%-1G5%
M e tro p o L E le v ., 1 st..6 115 -116% 117 -117% 117 -117% 117 -117% 116 -117% 116%-117% 114%-114% 114%-114% 114 -115 .
- ..... 115%-11C%116 -117
M e x . Cen’ l—C on sol__ 4 S0%- 81% 81 - 83% 82%- 85
83%- 84% S3%- 86% 85 - 90 84 - 873-i 8436“ 80 84%- 86 82%- 84% 82 - 84 82 - 84
1st con sol, in c o m e...3 26 - 28% 27 - 32% 28%- 33% 30%- 34 27%- 34% 32 - 38% 30%- 35% 30%- 35 30 - 3 . 28M- 31% 29 - 32% 29%- 32%
5
2d consol* in com e— 3 13 - 1 s 13%- 16% 15 - 19% 16%- 20% 18%- 2SH 21%- 27 22 - 25% 20%- 24 21%- 2m 20 - 20% 20 - 22 20 - 21%
43
_
.
M e x . In t ,—1st* 1 9 7 7 ..4 84%- 85 85 - 85% 823i- 84% 83 - 83% 83%- 90% 90 - 91% 90'%- 90%
...
M e x .N a t’ l—2d, in c«,A .6
92 - 98% 96 - 97
85%- 86
85 - 85
97 - 99% 99M“100%
T r « C o, e tfs , d ep osit.
■.
d
2d, incom e, B ,......... 6 .... - ... ....... |l! ...1 .... '- ... '
.... - ... 32 - 34% 26 - 32%
23 - 23 25 - 25
- v.
_
_
_
33%- 34%
T r , C o, c tls , d ep osit.
_
.
1st, 6s, T r , Co* c tfs ....
100 -101M
M ic h , C en t.—Bee N . Y .C *
M .L *S.TfeW .-3ee C .& N .
21. & N .-geeC .M .d fcS .P ,
2 Iin n ea p . < St. L o u is —
§c
_
_
_
_
_
.
i.
■
1st, g o ld , 1 9 2 7 ......... 7
147%-147%
_
_ —
119 -119
la . E x t,, 1 st, 1 9 0 9 . .7 122 -122
121%-122
122%-1223£ 119 -119
_
4.
s
P a c ific E x t,, 1 s t...... 6
123%-12334
_
S ou th w , E x t., 1 st__ 7
122%-122%
120 -120% 120 -120 ' 120^-121% 120 -120%12034-120%
1st, con ., 1 9 3 4 , g _ 5 116%-X17% 117%-118%
_
117 -117
1st & r e i „ 1 9 4 9 .......4 97%- 99 9SM-100
97 -103% 103 -104% 103 -104 104 -104% 104%~105 104%-105 102 -103%103 -104 103 -103% 103 -103%
_
_
_
103 -103
102 -103%
2 I.S .S .2 1 *& ;A „ls t,,26,4
_
_
_
98 - 98
98 - 98
U L S t.P .& S.S.21,,’ 38.,4
M o. K a n * & T e x a s —
1 st, g o ld , 1 9 9 0 ........4 96%- 99 97 - 98 97 - 99 98 - 99% 97 - 99 97 - 99% 96%- 98% 97%- 08% 98 - 99% 08 -100 100 -100% 96%- 98%
2d, incom e, 1 9 9 0 ..... 4 75 - 80% 75%- 80 78 - 81 80%- 83% 80 - 83% 82%- 87 82%- S6% 80 - 8334 80 - 83% 79 - $2 80 - 83% 81 - 82%
1st, e x te n ., g „ 1944,0 97 - 99% 98%- 99% 99%-103% 103 -106 100 -103 101 -104 102 -103 102%-102% 102%“103 103 -105 101^-103% 102 -104M
_
_
_
- .
_
_
98 - 98
TLH L tC W anft, s t...5
99 -100
21. K.dfc; T * o f T „ ls t .fi 96 -100% 99%-104% 101 -105 103M-106 102 -104% 104 -105% 104%-10G 105%-1C8 106 -106%105 -106% 105 -105 105 -107%
_
_
- 7
90 - 01% 90 - 91
90%- 90%
K , C* <& P . ,ls t ,1990.4 87%- 90% 88 - 90% 90%- 91 89 - 90
_
—
103 -103%
S li, S. & So*, 1 st gm..fi 99%-100% 100 -100% 101%-102% 103 -105%
103%-103%
2Io* K a n . dfc E a stern —
1st, 1 9 4 2 ...................5 109 -109% 109 -110 109%-110% 107 -109% 10S%-109% 109 -109% n o -110% ___ - .... n o -111 n o -n o n o -111% 110% -in
M is s o u ri P a c ific —
3d, 1 9 0 6 ..... ............. 7 114%-115% 114%-iia 116 -116% 116% 117 114 -114 114 -114 .... - ... .... - .... .... - .... 114 -115 .... - .... .... - ---125%s122 -123 123 -12S3&
1st con sol................. .6 1.1936-122 121%-121% 122 -124 123%-125% 121%-123% 121%-123% 121%-123% 121%-12S%128%-124 123M
T ru s t, g o ld , 1 9 1 7 — 5 100%-104 103%-108 104%-106% 105%-106% 103%-106% 106 -109% 105%-108% 106%-108 104%-105% 108%-105% 105 -106% 106 -107%
1st, c o lla t*, g „ 1920.5 103 -105 103 -105 1C4%-106% 105%-107 105 -106% 106%-110 107 -108% 106 -106 106 -107 1063^-107 IO6M-IOS 10636 10S%
1
_
.
90 - 00% 90 - 90 80%- 90% 01 - 91 .. .. — ...»
C en t.B r5 E y ,—1st.4
eh
i,firn y At C* V ftL j 1st.fi
100 -100
100 100
105 -105
- v 107 -107 107 -107 106%-106%
P a c. o f M o.—1st, ext.,4
106 -106 107 -107
1
115 -115 .1 5 -115%
113%-115
115 -115
2d, 1938, © X L ...... 5 113 -118
St.L.& H .M .gen.db L g.fi 114 -115% 115^-117 116%-119 115 -117 L14 -115% 115%-117% 116 -11734 116 -117 n o -n s 114 -116 X15M-H7 110 -.118
1153s 115%
Stam ped, g u a r ...... 5 .... - .... 114%-115 .... - .... 114^-114% .... - .... 116%-116% .... - ....
92 - 93 90 - 92 0O2H 93% 9l%- 98% 0836- 95%
94 - 95% 9036- £3
U n ify* <& r e f., 1929.4 8434“ 88 88 - 9236 91M- 96% 94%- 96 92 - 96
M o b ile <& O hio—
N e w ............ ...............6 127%-130% 120%-13O 131 -1313s 131%-132 131 n s i 129 -129 129 -130 130 -130 'i.20%-139% 130 -130% 131 -131 129 -ISO
_
_
125 125 ,4 * - <«♦«
121 -121 125 -125
1st, E x te n ., 1 9 2 7 ....6 130 -130
j
94 - 94 93% 95«% 05%- 05V 00 - 00 07 - 07
95 - 96
95 - 90 90 - 90
95 - 96
G en. m ore., 1 9 3 8 .....4 87n~ m i 933^- 06% 933ji- 96
_
,,, **
*
l
'„
94 - 94 ... 1 - ,,,. .... - .
04%- 90 94%- 06
J » P » 21. ife Co* ctf s...
95 - 96 05%~ 90 95 - 05
113 -113 114% 114% 114% 115% U5 U5%
21ontgom . D iv ., 1st..5 110 -113 112 -113 1123^115 115%-116% 115%-U5% 115%-115>^ 110 -110 .... „
M
90 - 09
-* *•■ M - ,tA«
St* Lou 1a Ar C a iro
.
4
100 -100 101%-1013K
95%- 95%
- . rr
- <***
... - ..
- ....
- M
M
C o ll, tru st, 19 30 .. 4
M o r.lj.& T .S S .-S e e tf.P .

January 4, l!)02.

THE

CHRONIC ILK

21
*

lo o n — C o n t i n u e d .
BONDS.

JANUARY KH
IBR’UY. Ma r c h .

A PHIL.

m ay.

J unk ,

Ju

l y

.

A ua uht. SEPT’llKtt. OCTOUKJl. NOV’liEU. Dec’iseh ,

1
1
1
-O . lg)l Low. 11
Low* High,Low. High 1 W I 1
lgl» Low. 1
Ugh Low. Illgl) Low. 1 Igli Low. 1 igh Low. High Lov/. 1 lgli liOW.T1
lgli J.ow.HIgh
-130 1
-120% 127% 128 128% 1 9 1 9 -120%
2
8% 128% 128% I1 H 1 0 -129 120%
87%
-127% 120%
2
-120% J,20%
.2
Nft»h.Cli.»fc
.7 128 -108111 8 -128% 12
'
2
1
1
1%
L
Consol . go, 19iiS...... 5 U1 -lW A
u k; 114%-U0 112% 1 3 113%-114% U8%-114% 1 5 -116 .... - .... nr, -nr, 1 3 -112% 1 3 -11856118&HLU
N ew Y o rk Central—
J -1.06 106%
05%
-104%
-100% 100% 105% 1 0 6 1 0 6
N .Y.C . & II., 1st,cp..7 lOOkj-107 107 -107% 107% 107% 107% 107% 107%-103 10754-107% 104%
05 05
_
1 A /.
WS
1 6 -100
0
1 7 107%
0
107% 10/% 10756407% 107% 107%
Registered............ 9
0
0
1
05 05
Gold, 1997..........3% 1 9 -109% 1 9 -110 110% i 10% no -110% no -110% 1 0 -110 1 8 6 1 8 6 108 -108 I07%-108% I08%-109% J09%-109%|U0 -110
_
_
109%
-109%
R egistered....... 3fk
105% 100% 1O -1O0% 104%
105%
-105% 104%
-104% 1 4 -104
0%
0
0
-104% 106 - 1 5
... - .... 1 1 -101
108% 108% 103%-103%
'
Deb., 1884-1904. ..3
0
_
_
_
_
100%
-100%
1 3 -103 1 8 -103%103%-102%
0
R egistered ..........5
105 -105 105% 106%
0
-1C4%
Deb., a:., ’ 90-1905.4 10234-102%
102%
-102% 103%
............. ...............
907^- 9 7 ^
0/1
O
t
R egistered ..........d 10234-102%
101%
-101% 1 0 -100 100%
1 3 -103 1 3 6 0 5
0
0
Debt certs., exi., g.d
-100%
1 15 -10 5 1 1 -101 10L -101
0 6 16 0
0 5 -1 3 6
100%
-100%
R egistered......... 4
L a k e Shore, coll. ..3% 08 - 99 90 - 97% 97 - 97% 95%- 97% 96 - 97% 90%- 98 97 - 98% 05 - 90 9o%- 06% K % - 0W 90%- 97%j 97 - 98
7
56
R egistered..........3k 95%- 97% 90 - 07 05%- 97 96 - 06% 04%- 90% 06 - 97 9 - 97% 94 - 9 5 91 - 04 94 - 96% 95 - 06% 95 - 96
06
06
M ich. Gent’ lt coll..3k 97%- 97% 93 - 97% 96 - 06% 94 - 9 5 04 - 95% 05%- 95% 95%- 9 5 93%- 95% 94 - 95% 9456- 95% 95%- 90 195%- 90%
_
_
_
_
_
_
96 - 96
Regist priid.......... 3 l' 97 - 97
-112%
Beech Creek, 1 st,.. . 4 112%
1 1 -111
1
111%
'111%
01. Bitsun, Coal, lst.4
92%- 92%
99%-109% 104%
0556-108 107%
-105%1
-110 no - 110%
Moh, & M al«, Inc... 5
101% 105%
N. Y .& P u t . , 1st,’ 93.4
1 8 -108
0
N. J. Junction, 1st..4
-115% 114%
-115% 11534-116% 114%
-115% 111 -113% 1 25 -11 5 1 3 -113%112%
-116% 1 3 -115% 113%
1
-113%112%
-114%
-113% 113%
W est Shore, g u a r . .4 113%
1 6 36 1
-115 11456-115% 118%
-115 1 4 -115 1 4 -114% 110%
1
-113 112%
1
-114 ill%-112% 112 -113 L12%
-113%11156-113%
Registered.............4 U2%-113% 113%
_
_
_
_
110%
-110% 110%
-110%
108%
-108% 108%
109%
-113
-108%
|107%
-107%
cn.,cp.7
-108% 108%
L10%
-110%
110%
-110%
1 1 -111
1
2d consol., re g — . 7
109%
-109%
10956-100%107%
-107%
-109% 109%
-109%
-110%
110 -110 110%
-108% 108%-108% 109 -109 109 -110 108%
Gold, 1997......... 3k L09%
107%
-108%
-111% 108%
_
_
_
_
_
117 -117
Det. M on .& T ..lst.7
176 15
1 5 -1 7 6
_
M ahon. Coal, 1st__ 5
128 -128
_
P« Me. K » & Y ., lst..(i
1 05 -14 5
4 6 66
Mich. Cent., 1st, con.7 10556-105% 106%
-106% 102%
-101%
-106% 10634-106% 106%
-103% __ - .... 10856-103% 103%-104% 104%
-101k 101%
-10!56 I04%-101% 101%
_
_
-102% 102%
1 2 -102 101%
0
100%
-100%
1st, consol............. 5 L02%
-103 103 -103%
-101%
1
118%
-118%
118%
-119
1909...................... 6 1 9 -119
1 ^56-11856
1
130%
-130%
1931...................... 5 1 7 6 2 5
1 1 -13156 127 -127 130 -130
3
2 5 -1 7 6
1 5 -125
2
R egistered ........ 5
1940.....................,4
110 -110
110 -110
N. Y .
N o., 1 s t......5 1 1 -122
2
122%
-122%
R .W .& ; O., con., lst.5 L26%
-127% .... - .... 12854-128% 125%
-127% 125%
2
-125%125%
-126 126 -126%
-126 1 6 -126% 126%
-127% 128 -129 125%
-127 126%
_
_
_
_
_
Ut. < B l. R ., 1922..4
fc
U0%-110%
-109% 106 -107% 107%
N. Y. Ch. < St. E .—lst.4 108 -108% 108 -109 108%
fc
-108 107 -108
-108 1 7 -107% 107%
0
-107% 107 -108 107%
-108%106 -107 107%
_
_
_
Registered.............. .4
1 7 -107
0
106 -106%
106 -106 105 -105
1 7 -107
0
N. Y . N. Ho <& H .—1st.4
ioo -loo;]
102 -102
Con.db. ct., a ll ins.pd. 190%
-198 197 -193% 197%
-200 196 -198% 199% 200 199%
-202 203 -203% 203 -203 202%
-203 201%
-202%203 -206 206 -206
_
_
_
_
_
_
H ousat., con., 1937.5
134 -136
134%
-134%
13456 4 6
-13 5
110 -110
N. Y . & N. Eng., 2st.€
1 8 -108
0
-104%103 -104%
N .Y . Oo & W .,re t.,1stA i06%-108 106%
-104% 102 -103 102%
-108 1 5 -106% 104%
-105% 1 4 -105% 104 -105 101%
0
-104% 103%
-103% 103%
0
N. Y , S. Sz W .—See Erie.
_
_
„
_
_
N orf. & So.—1st, ’41 ..,r
)
1 1 -112%
1
110%
-110%
112%
-112%
-136 132 -132% .... - ....
1 3 -133%134 -134
3
Norf, A: W e s t.—Gen’L.6 __ - .... 134 -134% 134%-134% 134%
... - ....
.... - ....
_
_
_
-133
131%
-131%
133%
-133% 1 1 -13156
3
134 -134
N e w R iv ., 1st, 1932.0 132M
133%
-133%
1 1 -132%
3
133 -133 133 -133 131 -131 129%-129% 131 -131
Im pt. & E xt., 1934..(i
-102 100 -101% 101M
-103
N .& W .R y ., 1st,con.4 99%-100% 100%
-102% 102 -104 100%
-1.03 101%
-103% 101 -102%102 -103% 10054-103 10256-103 102%
_
_
_
_
_
1 3 -103
0
R eg istere d ............4
-103% 10I%-102% 101%
0
-103 10234-102% 102%103% 103%
-102 99 -102 .... - .... 101 -102 102 -104 1 1 -102%101%
-102
Sc. V a l. & N. E., lst.4 102%
_
_
_
_
_
Col. Con dk Term,
107%
-107% 107%
-107%
Not hern Pacific R y .—
-106 1 5 -106 105%
0
-105%10158-105%
P rio r lien.................4 1C
-106 103 -104% 104 -104% 104 -105 1 4 -104%104%
-105% 105J4-106 104%
0
434-105 101%
-105%104%
_
-105% 104J^-105^ 105 -105
-104%
R egistered............ 4 ... - _ 105%
104%
-105 103%
0
-103% .... - ... L04%
-104% 1 4 -104 104%
G en eral lien, 2047..3 69%- 71% 7056- 71% 71 - 72% 72 - 73% 70 - 73% 71%- 73 72 - 73 71%- 72% 71%- 73 7156- 73% 72%- 73 72%- 73%
_
69 - 71% 70%- 72 71%- 72
R egistered ............ a
70 - 70
7256- 7 5
26
102 -102 L O -100
100%
-100%
St. P a u l—D ul. D iv.—4
99%-100
O
St. P a u l &, No. Pap..(
129%
-129%130%-130%
-129 128 -128
131%
-131%
131 -131 128%
St. P. S z D ul., 1931..5
122%
-122%
_
2d, 1917................ 5 1 7 -117 1 6 -116
1
111%
-112%
112 -112% 1 05 -11 5 114 -114
1
1 2 -112
1
1 6 06
1st, consol., 1968..4 1 3 -103 1 2 -102
0
0
1 0 -101
0
1 6 -106
0
....
94%- 94%
W ash Cent., 1st.’48.4
-116% 117%
-117% 117%
No. Pac. Ter. Co—lst..€ 1 6 -116 116%
1
-116% ii6%-n 6% 115%
-119 115%
1
-115% 115%
-116%116 -116 1 7 -117 117 -117 117%-117%
_
_
_
_
_
Ohio R iv .—1st, 1936. .5
112 -112
112%
-112%
Or. R R . S z Nav. • S e e
Or. R y. S z N av. ^ Uniot
Or. Short Eine.^ Pac.
0
Pacific Coast Co.—1st.5 1 8 -110 109 -109 109 -110% 108 -110 109 -111 108%
-111 110%
-110% 109 -109 109 -109% 109 -110% 110%
-113 111 -111%
_
105 -105 103 -103 102 -102
Pan am a—1st, s . 1.....4k L 4 -105
0
105 -105
105 -105 103%-103%
Pennsylvania Co.—
1st, coupon............4k 1 434-115 114%
-115 U4%-116%
1
-115% 114%
-115 114%
112%
-112% U2%-113% 113%
-114%
112 -112
_
114%
-114% 113 -113
R egistered..........4k 11334-113%
110%
-110% 110%
-110%
1 2 -112 U2%-112%
1
G u ar., 1941, B ..... 3k
98 - 98
_
_
126%
-126% 122%
-122%
€.8t.L.<fcP ,ls t ,’32..3
123%
-123% 121%
-121%1 2 -122 123 -123
2
116%
-118
114%
-114%
114 -114
114%
-114% 115 -115
P.C.C.<fe8t.E.,Sr.A4k U6%-110%
_
Series B., 1942...4k 116%
-115% U7%-117% U7%-117% 115 -115
113 -113 1 4 -114
114%
-114% 115 -115
1
116%
-116%
Series C, 1942....4k
_
Series D , 1 943......4
106%
-106%
106%
-106%
19%- 99% 97 - 97
Scries E, 194 9.... 3k
_
—
133%
-136%
Pitts.Ft. W.<fcC., 1st.7
136%
-136%
132%
-132%133 -133
133 -133
2d, 1912................7
135 -136%
132%-132%
123%
-130
3d, 1912................7 136%
-136%
1
G.Rap.ds I.,ls t e x .4 k 1 2 -112%
_
Penn. R R ., r. est,’ 43.4
L09%
-109%
P.<fe E.—See C .C .C t f c S . E
Peo.<fc Pekin Un.—lst.fi 133%
-133%
Pere Marriquette—
_
_
F lin t < Pere M arq..fi 1 6 -126 127 -127
fe
2
.
1 st cons., g,, 1939.3 108 -108
-114% 112 -112 112 -112
113 -114% 114%
112%
-112%
_
Pt. H n r. D iv., 1st..3 100 -112% 113 -116 U4%-115% 112%
-112% 1 4 -114
1
1 1 -115%
1
115 -115 114 -114% ' . . . —
P.C.C.<X£8t.E-#e€ Pa.Co.
PIttsb. J unction—1st..fi
1 0 -120
2
Pl«»b.Sh.<fcL.JK .-l h i .5 U6%-116% 1 8 -118 U3%-113%
1
117%
-117% UG%-116% 1 8 -118 U8%-118%
1
P I t t s b . S z W e s t . — 1 s t ..4
100 -100% 100%
-100% 100%-100%
99 - 99
1005610056 100%-101%
•1. P . M . <fc C o . c t f s ...... 98 - 98 100%-100% 100% 100% 10 %-100% 10056-100%
100 -100
100 -100
101%-101% 101%-101%
P . Y <fc A s h . , 1 B ‘ 7 . . . . a
A
121%
~121%
121 -121
R e a d i n g G e n . , 1 9 9 7 . 4 92%- 96
-1005J
03%- 05% 0356- 05% 94%- 95% 93%- 96% 00% - 09
04%- 07 05 - 96 95 - 96 01%- 97% 97%- 9 5 98%
06
_
_
_
R e g i s t e r e d . ................\
02 - 92
.
R i c h . S z D a n v . - tfee S o .

THE CHRONICLE.

[V ol . L X X IV

1901—C o n tin u e d .
B O ND S,

JAN (rifiV Fe b e ’r y . ! iiAHCB.

APHIL m

Ma y .

1 J ONE.

Ju l y .

A 1 GUST. Se p t ’ bkr . October . N o v ’ bee . PEC’BER.
7

Low. High Low. High Low. High Low.High Low.High Low.High Low. Higk Low. High Low. High Low. High Low. High Low . High
R io G r. W eal* a —1st.. -4 £>»**- m i 9‘Jk-l00k ioo -ioi?s 101 -101k
. ~
9354- 93k
U tah (]e a t 1st* *17 4
106 -105
82^- 84
liiu iiia u tld 8 « ,- 'li» i..4
80%~ 80k 8 1 -8 4
O u a f 111-40.-..... «l«4r 92k~ 9~k 93 - 93 93k- 98U
E . W . Sc O .-S w N. V. C\
€ L L -ls C 4 ? .3 -4
S t.J j.& L M .—3<j<sM.Pae.
St. L , tfc S an F ra n ,—
I )1
AIM A ..................... 0
C lass B, 1 9 0 tL . __ 0
C la ssC , 1 9 0 0 ......... 0
G en era l, 1 9 3 1 ..........G
G e n e ra l, 1 9 3 1 ......... 5
S t. L . Sc S. F . E E # -g 4
R efu n d lu g, 1 9 5 1 ..... 4
N. W . D iv ,, 1 930 .4
S. W . D iv .. 1947. .,5
R ' C* F t.S ,& M ., rel.4
H. •C aF t« S, vVill | ’/ 1 a
—< * 1
S t. L o u is S ou th w ’ n—
1st* 1 9 8 9 ....... ......... 4
£ d in c „ 1 9 8 9 ............4
S t.P , Sc D u l.- ^ N .F a c .
St* P , M inn* Sc M an. * i mo*’ r -T 1 9 0 9 ....... 0
4<
1 st, con sol., 1933 — 6
E ^«i ii
i;a . ____ 4-^
R p g U te r e d ..... ,.4 ^
D a k o ta E xten sion — 6
M on t. E x t. ,1 st, 1937.4
E ffflftte r e d ........... 4
E .31 in n .,1 st D iv .ls t .5
M o n t'C en .,1 s t,l 937.0
1 at, g u a r., 1 937 - -.*5
B * A . & A . F , - ^ S P ac.
S .F e P r e s .& P E .—1st.5
S. F r . 4 N . P a c .—1 st..5
&
S a v .F la .& W est.—ls t.fi
S t. J oh n ’ s D iv , 1st..4
A la . M id ,, 1st, 192S.5
B r , tfe W ., 1st, gu ar,4
SH« !?p, O. J cG ., gn..4S od as B a y Sr. S o .—1st.5
S. C. Sc G a .—See S ou th ’ n
S ou th ern P a cific C o.—
2 -5 -y e a r, 1 9 0 5 ..... 4 k
C o lla t. tru st, 1 9 4 9 . 4
R e g is te r e d ......... ,.4
A n , & N , W ., 1 st... ...5
C en. P a c ., 1st, r e f.g .4
M o rt., g u „ g „ ’ & 9.3k
G . H , St S. A *, 1st....6
2d, 1 9 0 5 ................7
M . St P . D iv ,, 1 st..5
G ila Y a l. G .< fcN „lst,5
f l , E.dfc W .T e x .,1 s t.5
fio n s.tfc T e x .C -, 1 s l 5
C on sol., g»* 1 9 1 2 -.-0
G en era l, g ., 1 9 2 1 ..4
W a c o Sc N , W ., 1st. 6
M o rg* L a , SC T ., 1st.7
1st, 1 9 2 0 ............ 0
N o rth ’ n C a l., 1 9 3 8 ..5
O reg, St C a l., 1 s t.....5
San A n , & A r , P a s s .4
S o,P a c,, A r iz ’ n a ,! st.6
So. P a c., C a l., 19 05 .6
1 st, 19 05 , B.,
....0
1 st, 1 9 0 6 , C . & D ..6
1st, 1 9 1 2 , E . Sc F ..6
S .P ., C a l, 1st, con sol..
stam ped, 1 9 0 5 -3 7 .5
S. P a c ., N .M e x ., 1 st.6
T . <fcN. O., Is r , ’ 0 5 ..7
C on soL , g „ 1 9 4 3 ...5
S ou th ern —
1st, con sol,, 1 9 9 4 — 5
R e g is te r e d ...... ......5
M em ph, D iv..,.4 = 4 k -5
S t, L o u is D iv ,, 1st...4.
A la , C en t,, 1st, ’ 1 8 ..6
A ll. & D „ 1st, g ,’ 48.4
C ol. Sc G r,, 1 st? ’ 1 6 ..6
E .T ,Y a .«fe G a „ D iv ..5
C on sol,, 1st, g ........ 5
E ,T en n .r© org.iien .4 «5
G a , P a c., 1st, g o ld ...6
K n o x . & O ., 1 st, g...O
31. Sc O. c o l. tr ., ’ 3 S .4
R ich . & D a n ., eo n ,,g.6
D eh., 1 9 2 7 , stam p 5
So. C a r, Sc G a«, 1st..5
V a . M id ,, ser. E ,’ 26.5
G en e ra l, 1 9 3 6 ...... 5
S tam p ed .............. 5
W . N . C a r,, 1st, con.6
T e rm ’ l A ss’ n o i S t. JL,~
1 st, 19 39................4 k
1st, con sol., 1944 — 3
St. L 31e r. IP o'r< i\5

89%- 91

9l%- 93k 93 - 95

_
112%-112%
m % -ti2%
illk ll& k
ln k - n s 111 -112 i i 2k -112k
I27k-128% 129 -130 130k-132
1123^-111 114 -117 u ak -n Tk
91M- 9&k 95k- 97k 96 -100
_

lOGk-lOlk 101 -10% 100k -102
4
94k “ 0^k 95k- 96V
_

83k- 84 .... - .... 82k- 82% .... “ .... 81 - 81
_
92k- 9^4
94k’ 94k

94k- 95k 94 - 95
112k-113k
il3k-H 3k
132 -133
117k-118
99k-101k

96 - 96k 97Vi- 99fi 09k'190
98k’ 98k 97 - 99
....
....

100k -101k lOOk'lOl
9 6 -9 6

_
97 - 93

95 - 95

95 - 95

_
112 -112
111
112k-114k I14k-114k
ll2k-114k
134 -135k I36k-130k .... - .... 125
117k"n9 119 -119 115 -116% 114
100 -102
....
_
100 -101 102k~102k

xook-ioik IOOk-102 101^102
_
96 - 96
90 - 90
83 - 85
93 - 93

83 - 84
93k- 93k 93 - 94

94 - 95k 93k- 95

101k -101k
94 - 95 95 - 95

_

-111

L
10 “110
110 -110
-128 128V4-128Vi .... - .... 131 -183 I33k-183k
-115 115 -115k 115k-116 116k-118 116 -117
_
96k- 96k
- ... .... - .... 97k- 98k 97k- 98% 97k- 98k
I06k-l06k
87 - 87k 8714- 9094
123k-123k

95%- 98 96 - 98k 97k-101k 98k-100
95k- 98k 96k- 99 96k- 98k 97 - 97k 96k- 98
74k- 77k 75 - 80
71 - 76M 76 - 80k 76M- 81M 79k- 81k 76 - 81
80k- 82k 75 - 80
_
_
118%*118% 118%-118%
142 -142 141 -141M 140k“U lk 140k-140k 140k-140k 139 -189
Ul% -i41k
_
11444-115%
116k-H6k
116k-116k 113 -114
116k-116k
11094-120 120 -120k 120k - l20k
116 -116 116k-116k 116 -116
_
103%-108k 105 -105 I06k-106k 106^-106^4 103 -10?k 105 -105k
106 -106
109 -109k 110 -110 .... «• ... I07k-107k
106k-106k 107 -107
_
_
132 -183 l34k-lS6k 136^-lSCk
140 -140
122 -122 121 -121 i 2ik - i2ik 122 -122
_

_ .

104 -104

_

.... - ....

97%- 90% 96k- 97k 90 - 97
77%- 79% 79 - 80% 79 - 80
"

n e k -in k 115k-115k 116 -116k LICk-llGk
140 -140
i3 9 k -m
U4k 115 114 -114k 116 -n o 115 -115k

i i 6k - n 6k .... - .... 117k'll8k lie - i i 6% 116 -110k
_
105%-105% 102k-105% 105k-106k 105k~106k
.... - .... 108 -108 106 -106
_
l£9k-110
121 '121k
111 111
n o k -n o k

_
_

.... - .... 106k-106k
124 -124
_

i iik - i iik

U3k-113k
128 -128
95k- 95k

I06%-109k
87 - 87

87 - 87
91k- 91§£

93%- 99k 95%-lO0k 99k-101k iook -ioi ioo -io ik 98M- 99k 98k~l00
83 - 86% 86H- 95k 92 - 93k 91k- 94k 89 - 95k 93 - 94k 90k- 93k
_
96 - 99% 98k-l05k l 0Sk-10ok 104k-106 105 -108k 108 -111
lOOk-102% 100 -101k iook -ioik 100k -101% 100 -101k 101k -102k 102k-103k
83J4- 8ok 8o%- SSk 87k- 89 83 - 89k S8 - 88k 87 - 87k 87k- 87k
iosk-io8k 111 -112^ 113 -n s 113k~116k
107M-107M
100 -100k 100k-104 102k-105k 105 -106 103k-104k 104 -106k .... - __
_
_
105 -106% 105%-106k 107 -107
o
105k-105k LO -105
106 -106 I06k-106%
110 -110 110 -111k 112 -113 lllk-112 n ik -H 3 n ik - ii3 k n o k -iio k
_
110k-lHk n ik - n ik m k - n ik
S6M- 36% 89 - 90 90 - 95
94 - 94 " 91k- 92k 92k- 92k 89k- 89k
_
_
a
,
137%-137%
137 -137
136 -136
125 -125
118 -113
106%-106% 105k-107
77%- 81% 81 V 85% 8 5 -8 8
84k- 86% 82k- 88k 88k- 91k 84k- 88k
111 -112 n ik -112
lllk -lll§ 4 H3k-114k
110k i n
lOBk-111%
108k-108k
106k-106k
_
.. «i
108 -108 108k-108k
119 -119 120 -120
106^-108
- i_

lOSk-108% 109 -109k
110 -lift
llO k-llO k
103^-105^4 105k-107k 106k-107k
.i 109 -109

114 -114

111 -111

100 -100

99 -100k 99k-101 iook -ioi io i -io ik 98%- 99k
90k- 92k 90k- 92k 91 - 94 93%- 95k 91k- 93k
_
_
._
89 - 89
01%-102k 101k-10SM
100%~101% ico k -io ik 100k 102% L
87k- 88 86 - 87k 86k - 88 87%- 88% 85k- 87
_
3 109k-109k 111 -111
107k-107% 106 -107
105k-106k 107 -107k 107k-107k
_
_
_
106 -106
108 -108
(l06k-106k
.... - .... n o k -n ik 111 -112 !in% -U3 112k-113
_
10
n ik - n ik 1 1 -111 lllk-112
.... - .... .... - ... 89 - 91 91 - 91 92k- 93
126 -126
_

123 -123

_
105k-105k
89 - 89%
S9k
85k- 86k 86 - 87 85 - 87% 87
_
_
112k-H3
n o k -n ik
.
107 -107 107^-107%
108 -108k
_
109 -109
_
'

.... 108k-109k lO S k -lll lio k - iii 109 -109% 109 -109k
109k-109^ 106k~108 107k-108k ....
_
_
_
n o -n o
112 -112k
114k-114k
n o -n o
_
_
...
.
107$MG9k 107 -108k lo s k -n ik 108k-108k

115 -116k ii53^-ii7k 116 -118
_

U 5k-H 7k 117k-121
_
n a -n o

109 -110k

120 -120
93M" 93% 93k- 94 94 - 94% 94k- 96k
_
120 -120 119k-120
117%-U7%
120 -120k
118 -119k 119k-120k 120 -120 120k-12l
113M-U3k 115 -116k 113k-H4k n 4 k -ii4 k
_
124%~124% 127 -12?1
4
124%-124% 127 -127 126 -127 12774-129
122 -123
d
ioa -io8

_
.
..

115k-119 115k-118 I15k-117k 116k-130 119%-121 120 -124%
_
_
ll7k-117k
I20k-120k
112 -112
96 -100 100 -101 100k-10i
96k- 98k

- V!1. 93 - 98 __ - ... 95 - 95 95^- 93H 94k- 90% 96 - 97
.
_
_
_
'M B - ;
.
121 -121
117k-118 __ - .... ... - .. llSk-118% 119 -119 .... - ....
.... 117 -118k 117k-119k 119k-119k 118 -119k HSk-120 119 -120 11$ -119 U9k-lS0k
- __ 114 -114k .... - .... 114k-li5 111% 112k llSk-118k LlSk-114 .... - ....
_
bL „
5
128 -IBS IBS -128v<
127k-I37k
127k-127k 128 -128
127y&-128 126 -126
127k“1^7k
95 - 95 95 - 95% 95 - 96k 97 - 97k
122%-123 123 -123 123 -123k 122-M
“123k 124 -124k 121 -122k 122k-12Sk 122 -124 123 -123 L2S -124 j123k-1^3k
_
n o -n o
109 -109
IC9k-109k
n ik - n ik
110k i n
_
108 -108 *
108 -109 108 -110 109k-H0 10SM-1C8H 10Sk-109 108 -109k 107 -108 107k-lOvS
_
_
_
_
_
il4 -114
114 -115k 115k-H5k
113 -1131^ 113 -116 115 “115% 116 -116 116 -116k 117 -117
116 -116
i uws i tt>k
115 -115
_
119 -119 no -n o 116 -119k 120%-120k
I20k-120k 120k-120k

_
115%-lllk
....

-

.

91k- 95k

116 -116
115k'115k
110k-116k
U5 -115 .... - ....
.

_
-

- .... ....

-

....

118V 118k 1 U L 4 U U -- - __
_
115 115 116 110
,,, - ,, „.. U3 -111

THE

January 4, 1002.

CHRONICLE.

1901

28

C o n tin u ed .
AUGUST.

O TO JfiU NOV'JlKIl,
C JS .I

D k g ’it Kit.

L o w . H ig h L o w . H ig h L o w . H ig h L o w . H ig h L o w . H ig h L o w . H ig h L o w .H ig h L o w .H ig h

BONDS.

Low.High Low.IIigh

L o w. High

Ja n u a r y f b b k ’ r v . M A R C H .

T e x . «fc N . O . - S e e S o . P .
T e x a s «fc P a c i f i c —
P a s t e r n D i f . » 1 s t ...... 0
1s t* g o l d , £ 0 0 0 .......... 3 115%-117
£ d , g «, In c ,, £ 0 0 0
3 1)0 -100
P n . D i v . B . L . « 1 s t . g .5

104 -104
116%-118% 118*6-120
90

- 98

A p r il .

119 -120
95 -100

M AT.

Jun e.

JULY.

118*6-119
119 -120% 118%-119% 118*6-119
90%- 00% 90 - 09
...
90 -100
_
110*6-111

119 -119% 119 -120
92*6- 97

T o l e d o «fc O h i o C e n t r ­
113 -113
114 -114 114*6-114%
115 -117% 114*6-115% 116 -116
is t ;. ....................................3 l IB -110*6 115 -116*6 115*6-117
_
_
118 -114%
W e s t ’ ll D i v . , 1 s t ....... 3 115%-115%
G e n e r a l , g o l d , 1 9 3 3 . 3 105%-106% 106%-106% ___ - . . . . 100*6-107% 107%-108% 103 -100% 107 -107% 108%-108%
97%- 90% 90 - 06
97 - 99
96*6- 97%
9 7 - 97
95 - 98
97 - 98
K a u . & M .,ls t ,g u .,g .4
97*6- 97% 90 - 06
T o l . P e o r i a tfc W e s t . —
91 - 94
03 - 95
92 - 94
9S%- 94
92*6- 93
88 - 88
93*6- 93% 93 - 94
1 s t , 1 9 1 7 ....................... 4 86 - 87
T o l . S t . L*. <fc W e s t ’ n —
88 - 89% S8% - 92% 91*6- 91% 90 - 91% 91%- 91% 00%- 90% 88 - 90%
P r i o r l i e n ................... 3 ^
83%- 85
82% - 85
73 - 78% 78 - 85% 82%- 84% 82 - 85% 84 - 85% 83% - 85
5 0 - y e a r , g ., 1 9 £ 5 ...4
09 -100
98*6- 98% . . . . - ... .
98*6- 90% 98 - 99% . . . . - ...
T o r . H . <& B u l l '. — 1 s t . . 4
98 - 99%
108 -108 . . . . - ----- 108 -108 . . . . - . . . . 108 -108% ioe % -ioo % 108 -108
U l s . & D e l . — 1 s t , c o n . . 3 107 -108
U n io n P a c ific —
5 0 - y r . , g o ld , 1 9 4 7 ....4
R e g i s t e r e d ................ 4
1 s t lie n , c o n ? M 1 9 1 1 .4
O r . R y . & N a v ., ls t ..O
O r . R R . & N a v .,c o n .4
O r . S h o r t P i n e , 1 s t. .6
O r . S . P i n e , 1 s t, c o n s .3
N o n - c u m „ i n c . 4‘ A ” .5
U t a h <fc N o . , 1 s t , ’ 0 8 .7

105 -100% 105%- 106%
10696-106% 105 - 105
103%- 103%
110 - 110
103 -104% 103%- 104%
129%-130 126%- 128
115 -116% 116 - 116%
106 -106
119 -119 119 -119

1 9 2 6 .............................. 5
V a . M i d . —S e e S o u t h e r n .
W abash—
4
1 s t , g o l d , 1 9 3 9 ........... 5 118 -119*6 119 -119%
2 d m o r t . , g o l d , 1 9 3 9 . 3 108 -110
108%-112
D e b . i n c . , 1 9 3 9 , A . . . . 6 96% - 99
99%-102%
D e b . In c ., 1 9 3 9 , B
. 6 40 - 47%
D . & . C h . E x t . 1 9 4 0 . . 5 110 -111
D e s M . D i v . , 1 9 3 9 . . 4 95 - 95
S t . P . K . C . <fc N o . —
S t . C . B ’ g e , l s t , ’ 0 8 .6
W e s t . N . Y . <fc P a . —
1 s t , 1 9 3 7 ..................... 5
G e n ’ l, 1 9 4 3 , g o l d . . 3 - 4
I n c o m e s 1 9 4 3 ............. 5
W . V a . C . «fc P i t t . — 1 s t . 6
W h e e l. & P a k e E rie —
W h . D i v . , l e t , g „ ,2 8 .5
E x t . I m p t . , 1 9 3 0 ....... 3
1 s t c o n . , 1 9 4 9 ............4
W is c o n s in C e n t’ ! C o .—
5 0 -y r . 1 st, g ., 1 9 4 9 .4

STR E E T

-119%
119 -120% 117 -118% 117%-119*6 117*6-119 117%-119
112 -114
107*6-110% 110 -111
110 -110% 110 -110% 111 -114
98 - 99%
100 -102
100%-100%
60 - 65% 59
58 - 67
01%- 66% 53 - 69% 64%- 70
110%-110% . . . . - . . . .
111 -111
. . . . - ... 110 -110
. . . . 97*6- 98
98 - 98
98*6- 98% ... - ... .

....

-

...

...

-

. . . . 110 -110

110 -110

.... -

92% - 04
90
81

- 01
- 82

108 -108

93

- 04

120 * 6- 121 % 121%-122 121*6-121% 120*6-120% 121 -122 119 -119% 119 -119% 119 -120
98%-100% 99*6- 99% 99 - 99% 100 -100
98 - 99
95 - 99*6 98% - 99% 98*6-100% 98%-100
_
_
_
40 - 40
31 - 32
113*6-113% 113*6-113%

92 - 93
81% - 83% 81 - 82*6
100 -100
109 -109% 109%-109%

116 -117% 115 -115*6 114 -115
114*6-116%
112 -113

110 -116

110%-111

117% -110
111%-115
98 -100% 100 - 100*6

110%-111

55% - 62% o8%111 -111

110

-110

119*6-120*6 120%-121

85% - 89%

89

- 93

91%- 93%

90*6- 94

91*6- 94

92%- 94

92*6- 94

89*6- 91%

88

89 - 92%

85*6- 89%

87 - 88% 88

- 91%

H0%-110*6

121 -122
99*6-100

112 -112

115%-115%

87%- 91

89*6- 91%

01%- 67%
97-97

113 -113
- 92

112 -112

89% - 91

92*6- 94

1 19 -120*6 117%-119

110*6-110%

.. .

120 -121

111% - 111% 111%-113

112* 6 - 112%
105 -107 L07 -107
90% - 96% 90%- 97% 97 - 98*6

103*6-105
103%-106 104 -106 104%-106 105%-106% 104%-107%
105%-105% 103%-104%
.... - ....
104%-112% 105%-108% 104%-108% 105%-108% 106%-109% 104%-106%
110 - 112%
101%-103
102*6-103 102 -103% 102%-104 103%-104 101*6- 102%
127 -129% 125 -125% 125 -127 120%-127 127%-129 127%-129
117 -118% 117*6-118% 116%-117 117 -117% 118 -120 119 -120
103%-103%
_
117 -117%

119 -119
113 -113

95 - 96% . . . . -

1 s t ..................................... 5 115 -116% 116%-117

-115% 115 -116%

105%-106% 105%-106% 105 -106
105*6-107
101*6-104% 104 -105% 104%-105% 105*6-106%
103 -105% 103*6-119% 103*6-129 109%-116%
_
n o -lio
104 -104% 104%-105% 104*6-105
102%-104
127*6-128% L28*6-129
127%-129% 128%-129*6
115*6-117
116*6-118 117*6-118% 118 -121

119 -119%
109 -110%
100 -101%
46% - 59% 63%- 68%
110 -110%

112 -112

114

119*6-120% 118%-119%
95 - 95
95 - 98

90

- 93% 90

- 91% 91

- 93% 91

- 89% 87% - 88% 88 - 89%

r 91%

R A IL W A Y .

B r o o k l y n R a p . T r a n s . 5 107%-109% 108%-110%
B ’ k l y n C i t y , 1 s t , c o n .5 111 -112
115 -115
B . Q . C . <fc S . , c o n . g u . 5 102 - 102*6 103 -103
B ’ k l y n U n . E l . , l s t . 4 - 5 99%-101% 98 -100%
K i n g s C o . E l e v . , 1 s t . 4 89 - 90% 88*6- 90%
Conn. R y .
P . — 1 s t .4 %
D e t . C i t i z e n s —1 s t ,co n . 3
M e t r o p o l. S t r e e t R y .—
G e n e r a l ......................... 5 121 *6- 122*6
B ’ y < fe 7 t h A t . , 1 9 4 3 . 3 122%-122 % 121 -122
C o l . <fc 9 t h A v „ 1 s t . . 5 122*6- 122*6 L24%-126
L e x . A v . & P a v . F . . 3 123%-123%
M e t . W . S . E l . ( C h . ) .. .4 100 - 100*6
M in n . S t .— 1 st, c o n s o l.5
S t . P . C . C a b l e - C o n . . .5 111 * 6 - 112*6
T h i r d A v e n u e (N . Y . ) —

l i b -110
115 -115
103 -103%
98 -102
88% - 93

107% 109
107 -108 107*6-108
107 -109
103*6-108% 108*6-109
... - ... . 114 -114
115 -115
. . . . - . . . . U2%-113*6
_
_
103%-105% 1 0 0 *6 -1 0 1
101 -101% 99%-101% 101%-102% 101%-103
100*6-101*6 100%-101
91 - 93% 88 - 92%
93 - 95
91*6- 94% 92*6- 93% 92*6- 94

101*6 -101%
119 -120%
120*6-120%
123 -123%
121%-122%
100 -101%

119 -120%
120*6-121
122*6-122%
122 -123
101%-101% 1.01%-101%
_
110 -110

120 -120%
120%-121
123*6-123%
122 -123

L20 -121
120*6-121
119%-120%
L18%-119
123 -123% 122*6-123
122%-123
.... - ....
103 -103% 103%-103%

118
___

-118% 119
_
-

___

-120

103*6-105% 104*6-106% 104%-106%
114 -114 115 -115
100 -100
102 - 102%
100 -101 100 % -101 % 100 -101
90 - 92% 90 - 90*fe
88*6- 91

100%-101
L 0 1 % “102
118*6-120

121* 6-122

100*6- 100%
103 -103
119 -120 119% -120%
121% - 121 % 118 -121*6
123%-123% 122 -123%

121% - 121% 123 -123
120 - 122% 121%-122% 122 - 1 2 2
101 -101 L01%-102% 102 -102

122%-122% 121 -121
101 -101% 101 -101%

_

114%-114%

1 s t , 1 9 3 7 ...................... 5 124 -124%
125 -125
123%-124
124 -124
123
125 -125% 123 -124
1 s t , c o n . , g u . » 2 0 0 0 4 104%-105
104*6-104% 104%-104% 104 -104% 104 -104% 104 -104% 102*6-102%

-123
102

-103% 102

123 -123 123*6-120
-103% 100 -103% 100%-101%

G A S A N D E P E C T R IC .
B ro o k ly n U . G a s —1st
D e t . G ity G a s - 1 9 2 3 . .
D e t r o i t G u s — C o n . 1 st.
E q .G .-P .C o ., N . Y . ’32.
G as
E le c ., B e r g C o.
G e n e r a l E le c t r ic —
l> e h e n ., u o ld , 1 9 2 2 ..
K in g s C o .E I.P .& P o w
P u r c h a s e m o n e y ___ i
E d . E l . I I P ( B ’ k ly n ).
L a c . G a s , S t . P . —l s t , g .
N . Y . E l. P t . I f . < fe P .1 s t .....................................
P u r . m o n . c o l. t r ., g.
E d i s . E l . 111., 1 s t , ’ 1 0 .
1 s t , c o n . , 1 9 9 5 , g ..N -V .d k Q u .F J .A : P o w .
C o n . , g o l d , 1 9 3 0 .......
P e o p le ’ s G . P .
Coke
2d, g u a r . , g ., 1 9 0 4 .

116*6-117*6
94 - 97*6

101 % - 102*6 102 102 %

117 -117% 118 -119% 115*6-119
101 -102
98%-101% 101*6-103
_
102 -102
118*6-118%
_
101*6-102% 101 -102%

155 - jl50% 160 -176

180

-180

181

118 -119
110*6-118% 117%-118
101%-102% 96 -100% 100 -100
106 -106
101 -101

124 -124
96 - 96
107%-108% 108 -108% 109 -110

107 -108*6 107 -108

107

108%-110
94% - 97%
109 -109*6

111*6-115% 114*6-115% 114 -114% 118*6-114% 114 -114% 112 -115
95%- 97% 96%- 97% 05%- 98
97 - 08% 95 - 97% 94%- 06
1.06%-107% 108 -108
107*6-108
107%-108
. . . . - .... 109 -109
_
121 -121% 121%-121%
-

95 - 96

108 -110

L07%-108

107*6-108

109 -109

103 -103
-120

104 -104
124%-126

108*6-109

108%-110

100% 107
-104

-100
-109

102 -105

124 -120
109 -111

104*6-104%
.... - ....

1.02%-102%
122%-124%

102
...

- ,
102 -102
106%-105% . . . . - ... . 100 -100
•

-

-103% 103*6-104

...
120 -123

U)8%-108% I l l
107*6-108

123%-124% 124%-121%
97*6- 97%
108*6-109 107%-10S*£

114 -116 114 -115 114*6-110 112* 6- 112%
95% - 96% 96% - 97% 97 - 97% 96%~ 97%;
106 -100 105 -105 100*6-107 107 -107%

104 -104% 102%-104%

1st, con., g., 194 3...
120 -120
120
Ch. G . - P . <fc C., 1st.. 108 -108%
Con. G a s , 1st, 1 93 6.
1
04%-106
K<|u 11. G a s d k F ., 1fit. J
03*6-103% 104
M u t u a l F u e l G a s ,... 102 -102 100
Trenton Gas
E l. 1st
109
W e s t . G a s , c o l . t r . , ’ 33 5,107% 107%

-1 1 7 %
- 96

-185%
124*6-125% 126%~126%

-109

118 -118% 117%-119 116 -116% 116
96*6- 97
94
98 -100% 96 - 99
105 -106
118*6-118%
- . . . . 61% - 67

-111

11.0*6-1X1*6
110 -110 106%-108
104 -104 104 -105%
105 -106
105%-105%

THE CHRONICLE

24

1901
1
,
j ANRAEY F eblUrv

M a so h ,

C o n c lu d e d .
Ma il

APRII*.

l ol. lxxiv ,
V

Ju n e .

Ju l y ,

3El"f ’ BEli October NOV’BED DEC’BER.

AUGUST.

Low.High Low .High Low High Low. High Low. High Low, High Low. High Low. High liOW.High Low. High Low. High Low. High
M l SC E l* L A NEO CS*
A d 'tainft l£ A' p re ftft— t i l 4
C
B ’ k ly a F o a , is i« etmft.S
li ■L i L Vi . a : M ,11.- A i . 5
’
i
•J.'llu j Ij, «A IJ . fti IL L
-' . *
D e l.
JC Ms L . G ...
H. YT D oc k --J 0* y e ±i r ., 4
i
K It. S e c u ritie s , * 5 1-3k
im

IO4W-4O0
/3li C .r j
* OJ
69 - 71
.( ,»
m fr M k
,» ..... - ....

10434-103 105 -108 104)4-105
89 - 91% 87 - 89)4 89 - 90
72 - 77% 71 - 76)4 70 - 7i*L
,t 31 - 82 32 - 33)4
31
35
_
lt - yJi. .... - ..6.
- ....

i.HM-ii5% 114 -114% 114 -116
_
116 -116
107*4-107^ 108%-108% 109 -109 109 -109

11154-113

JANUARY F e b r ’r
S E C U R IT IE S .

y

OF

_

100 -103

OF

76 - 80
100 -102
94%- 00
79 - 79

94% - 96
80 - 80
—

75 - 75

V. *
•

114 -114
113)4-113%

*l
*9
W'

60 - 69% 63 - 69

70 - 70

,,,, - .... 100%-100% 100%-101
95 - 96
95 - 98 92 - 96
78%- 79 .... - .... 80 - 80
66H- 67k
m u- m

_
L
00%-100%
108 -10854 108% 'lll
107 -107 .... - ....
95 - 95
57 - 66 61 - 65
7%~ 11% 9 - 1 2
.... - .... .... - ....

04 - 65

101 -101
90 - 92
75 - 78
0214- 66%
82 - 84

55 - 66

99 -101 L O -100%
O
92 - 94 91 - 94
77 - 80 80 - 80
C3 G
3 A fi C\ 9X 4- B
O
81 - 87% « 5<U 88

„
j
U0%-111 108 -111 108%-108% 108%-109 108%-109% 110 -112
108%-108% 108%-HO ,,,, - ... 109%-110 107 -107 105 -105
_
91 - 9
4$4 92 - 93
59 - 63% 50 - 68 50%51 - 56 51 - 59 64 - 68
9 - 10% 6%- 9
6 - 7
6%- 6%: 6 - 7% 6 - 8%
113 -113 .... - ... J 114 -115 115 -116% 112)4-112% L
12%-11294

102 -102% 104%-104% 101%-101% 101 -101

101)4-103% 103 -108

106 -106

103 -103 103 -106

101 -104 101%-105 104 -106

104 -105^, 105 -106 .... - .... 109 -109 109 -109 109 -110 107 -107 .... 107 -108
108 -111 .... - .... 110 -112 107%-HO 108 -110 .... - .... 111 -111 110 -111%i l l -112
100%-102 101 -101 102%-104 103%-103% 100 -100 101 -101 100 -101 101%H02% 101% 103

STA TE

. March.

80 - 82

,.. „a
i

103 -103)4

A

p r il

S E C U R IT IE S

.

Ma

y

J UNE.

.

D U R IN G

Ju

ly

.A

.

u g u st.

TH E

YEAR

1901.

S e p t ’ b e r . O c t o b e r . N O Y ’ B ER .

d e c ’b e s .

L o w . H ig h L o w . H ig h L o w . H ig h L o w . H ig h L o w .H ig h L o w . H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h
103%-108%
109% 109% i
108 -108 108 -108 108%-108%
_
„
.
102 -102 103 -103%
103)4-103)4
r'>';' ■
.
.
.
,
■» .-i-K -- . . . . - . . . .
’'
i
109 -109
126 -126
125 -125
126 -126
_
i06%-106%
lb s -108
107 H07
... “ ... 108M-109

A la b a m a —Cl. A , 4 t o 5,1906
Class € , 4....................1906
C u rren cy fu n d in g 4 s. 1920
H ist, o f C olu m b .—3*65,
L o u isia n a — N e w c o n so l., 4s
N o r th C a ro lin a —
105 -105
Consol., 4s, 1 9 1 0 ..............
135 -136%
6s ................................1919
Ten n esseeN e w s e ttle m e n t, 3s, 1913. 96 - 96%
96)4- 98% 96)4- 98
—
Do
S m all. *
96 - 96'
V ir g in ia —Fund. d ebt. 2-3s. *96 - m i 96 - 96% *95*%- 95% ‘ 95%- 95%
8%- 10%
6s, d e fe r r e d c e r t ific a t e i.. 7 H - 8
7% " 8
9%- 10)s

CO U RSE

.

-104 l03%-i04% i04)4'l05% 104%-106)4
- 86 83 - 85 .... 88% - 83%
- 75 ; 73 - 75% 75 - 75)r 76 - 76%
1
- 30 39 - m% 31%- 35 29 - 80
_
93% - 93% 94 _ 94%
- ... 91)4- 01% 91)4- 91% 91%- 91%

114 -115 113 -113% I l l -111 111%-112 111)4-112 112 -113 I14%-114%
_
_
111 -111
107%-107% 10794-109 108%-109 J07%-108 107 -109% 1 G -107% L0G%-108)4
.
0

1
0
0
14
—
1
O
O

P R IC E S

J

C O A L A N D IR O N .
ii . i IOlM-10154
C o l. C. Sc I . - l s t , 19 02 .6 I03%-1O4
_
106)4-106)4
C ol. Fuiei—19 19» g .. *.».€>
9654-101
98%- 99 * 98 -100
C ol. F , Sc I . —G en ., s.f.5
T e n n .C o a l Ir o n S& R y .—
Team . D iv is io n . ..... .6 110 -110
... - .... 105 -108
B irin . D lv .. 1 st, eoai.CS 108 -110 107 -109 105 -110
D e B a rd . C .& I . —Gu .6 103 -104% 100 -101 100 -1014
*

C
O

O

M A MU F A C fU E 1MG
A N D I N D f S T R IA E ® j
A m . B icy cle—8 . f* d eb .5 ... - .... .... - .... 79 - 81
A satelie a u C otton D ll—
E xten d ed , 1 9 1 5 — 4% 99 -100% 99^-lOOM 100 -10134 101)4-101)4
A tfitH id 'e Sc JLea.—1 st.6 iffit* 92>4 92)4- 93 904- 96)4 95 - 96)4
82 - 82 78)4- 91
Ana. SpirU.&JRfg*—ls t.6 83 - 85
78)4- 81
_
_
C eu soL T'»hi-H',vj P 0 -vvM
a
_
tD is t ill. e f A via.* 1911 ..5
_
90 -100
Qr&Miidrcy siiiigiii*—lst.41
_
_
—
100 -100
111. S te e l—1 unaconv.,.5
$
In t e r o’ 1 P a p e r—1st,... 0 108 -109 105 -106 105%UL03^ 108)4-109
N at*S tareh M ’ P g —ls tM 109 -110 I07M-109 i07%-108% 109 -109%
_
_
98 - 9S%
N .S ta rch O o.-^SjLdeb.S
59 - 61
S ta n . H op e As T®—Is iu ij 64 - m& 62 - 62% 47 - 60
6 -8
8 -1 0
In com es, gold , 1940.5 8 - 1 2
m - 11
U*S. E e a th e r—D eb.s.f.O 113%-113% 115 -115 115 -115 114 -115

OF

104)4-106 103
86%- 86% 85
72 - 73 72
„
30 - 31 30
„

10034-I00)g

10g%-107

C O U RSE

104 -105
H
8%- 90
72 - 74
_
30)4- 31
_
.... - ....

114 -117

TBJL.iSOB.APH A N D
T E L E F E O MB.
C<nniiii)4 C a b le —
, .4
Met., T eiep * AOPeiLi, 8
L - -i * 4 « 1 ^ v * •- *-il •.
' »
1
* -*y *
W® Usiien Telegrap h -- •
Col# tr®#c w r„ 1938.. .5 u i%
F u n d, dL I t . E«» *

LO0%
-1O9 104 -100
8U - 84M 86 - 9X4
4
68 - 684 68%” 78
111 -111
30 - 31% m i.. - .. -

P R IC E S

OF

R A IL R O A D

_

105%-105% 106)4-100)4 . . . .

136%-136%

96% - 99%

95 - 96% 96%-, 96%

96 - 96%

95 - 95
9 - 10%

93%- 93%

94%- 95%
7 M - 7%

AND

93%- 94
7M- 7%

M IS C E L L A N E O U S

95%- 95%
94%- 94% *95 - 95*’
95%- 96% 96%- 96%

STO CK S

FOR

THE

96%- 98

-

....

96%- 97

96%- 98%

YEAR

1901.

1901.
STO CKS.

R A IB R O A B S .
Asm A rb o r ........ ............
P r © f...................... .
A teM son T©p« & S® F e ..
P r e l..............................
Balt® & O. v o t. tr® e lf ...
£
Pa*©!® y o £* tr® c t f.........

J A N U A R Y F e b r ’r

y

.

Mar c h .

A

p r il

.

M a y *.

JUNE.

Ju

l y

.

A

ug ust.

Se p t ’ b e r . OCTOBER

N O V ’ BER. DEC’ BER.

Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High

32 - 84
24 - 25% 25%- 25% 22%~ 22% 22%- 25% 2 5 -8 4
53 - 55 52 - 52 50 - 54 52 - 50% 55 - 65 62 - 66
67%-89% 69%- 80% 71 - 80 7i%~ 80 77%- 85% 74)4- 80%
90)4*105% 92 - 99% 93 - 98% 94 - 97% 96%-103% 96%-102%
92 -108% 94 -105% 97 -105 98%-107 104%-!10 99%-107%
90%- 94% 02 - 94% 91%- 94% 93 - 94% 94 - 96 94%- 06)4
_
, - .... ... « «...
%- 1%
90 - 92 90%- 96 94 - 98% 98% 123 1L %-123
86%- 95 93 - 94
81 - 81 77 - 81 78%- 84 S2%- 87
Balffi® Rocli® & P ltts b — 82%- 85
P r e i ............ ........ ....... 124%-125 120 -122% 116 -121 121%-124 121 -125 123 -128% 124 -125 123%-125 125 -135 125 -126 127 -146 140 -143
Bund. C® R ap * & N o rth .. 128 -132 120 -120 125 -1S5 134%-1S4% 134%-135% __ - ... 133 -133 .... - .... 133 -136 .... - .... ... - .... 134 -1S4
87 -117% 102%-108 99 -108)4 107 -113% 107%-115%107 -113 1!0%-115% 111)4-115)4
C an ad ian P a c ific .. ..... 8S%- 91% 90 - 90% S9M- 95 92%-101
t
C an ada S oa th ern ........ 54%- 69 56%- 59% 56% - 65% 61%- 78% 64 - 76% 6S%- 72% 66 - 69% 66%- 71 66%- S3 79 - 84% 81%- 89 SS - 87%
155 -164 100 -167 155 -165 157 -165 160 -165 160)4-176% 172 -185 178 -196%
C e n tra l o f N ew J e rs e y . 145%-160 152 -156% 154 -156% 155 -160
46 - 49% 29 - 52% 47%- 52% 41 - 48% 43 ~ 48 42%- 47% 48 - 47)4 46)4- 19% 44%- 49
C h esap eake Sc O h io ..... 36% - 42% 88% • 42% 39%- 49
36%- 41% 38%- 40% 38%- 43% 41%- 50% 27 - 49)4 43 - 49 34%- 45% 36 - 41)4 30 - 40% 35 - 3S 35)4- 88% 32 - 86%
C h ica go & A lto n .... .
P r o f ............................. 72%- 76% 74 - 75% 74%- 78 76 - 83)4 72%- 82 78 - 82 74%- 79% 75%- 78% 76%- 79)4 76%- 78)4 76%- 78% 75%- 78
.... - ... .... - .... cl95 -195 «... —...t
106
Chic* B u rl. Sc Q u in cy... 138%-HS% 5138%-48% 143)4-176% 172%-199% 178 -190% C -197 Cl93%-198
C h ic. &z E a st’ n Illin o is 91 - 95% 94 -111% 106 -119% 114 -135% 113 -132 126 -133% 121)4-131 120%-128% 125 -131% 126 -129 127 -140 I84%“139
.... - ...v
P r o f............ — .......... 120%-124 125 -184 129%-135 133%-lSO 130 -134 134%-1S4% .... - ..... 131 -133% 133 -133 135 -186 .... '
C h ica go G ro a t W e s t— 16 - 19% 18%- 21% 18%- 24% 22%“ 26% 17%- 25% 22)4- 26% 20%- 25 20%- 23% 23 - 35% 31)4- m% 34%- 37 3.3%- 34%
4 p e r cen t debentar© .. 9L%- 92% 92 - 93% 92 - 94% 92 - 93% 92 - 93% 93%- 94% 90 - 90% 90 - 92 91 - 91 93%- 93% 93%- 98% 01 - 93%
81%- 85 85 - 86% 84)4-' 30% 87 - 90)o S6%~ 88
5 p. c* p r e f.9A ........ .
77 - 80% 78%- 85% 79%- 84% m - 84% 75 - 84 80%- 90% 81 - 86
45%- 48% 46 - 50% 43 - 51% 46 - 50% 41 - 40
45 - 54 44%- 56 40 - 54)4 42 - 53 47 - 54 44 - 52
42 - 45%
4 p* c, pref-* B ...........
31 - 40% 35%’ 80% 23 - 40 85%- 40)4 30)4- 37% 32 - 89% 38 - 44% 38%r ISV4 40)4" 80k 45%-. 53%
Chic® Ind® &■ lio n is v .... 23 - 30 27 - 35
72 - 74% 68 - 71% 67%- 73% 71 - 77% 71)4- 73 ? L V 76% 73% 61s
P r e l................ ............. 58«- 70 65%- 71% C0%- 74 70 - 76% 65 - 74
C hic. M ilw® <fe S t. PainL. 142%-1G2 147)4-155)4 147%-154% 151)4-175 134 -188 103)4-185% 151%-177)4 155 -168%154% -168)4 154)4 171% 167^ 1744}! 157% 100
i.87%-195% 190 -192% 184%-195 185%-196% 175 200 185%-195 183 -188% 182)4"! 91% 185 -190 184 -192% 188 101% 185% 100%
P r e f................ ....... .
. . . . — »»M
..... - . . . . . . . . - . . . . . . . . - ^
. . . . - .. ..
4%- 4% 6 - 5% .. .. - .. ..
R ig h ts ........................
b Ex dividend tuid rights; rights sold In February at 8% to *1,^. v Trust receipts.
22 56%42)4S2H81%84M-

22 20 58% 55%^^% 49%90% 87M94 587%90 583%-

20
58
58%
90
93%
88%

2 5 -2 7
56 - 68
54% - 63%
87%- 96
87%- 95%
84%- 94

26%- 30
59 - 64
61%“ 78%
94 -104%
90%-106%
90 - 93%

22%- 25 25 - 28%
52%- .59 57 - 57%
43 - 90% 84%- 91
70 -108 tot- 106^
84 -113 1C5%-112%
85 - 95 94%- 07

January 4 , 1002.

S T O C K S ..

THE
■JANtJAHY PlflTlIt’ltY. MARCH.

A PRIL.

CHRONICLE.
MAY.

JlJNIC.

Ju l y .

25
A rrcr/HT. BrcPT’HER. OCTOBEM N ov ’bku . Dec’beu.

Low. High Low. I1igh Low. High Low. High Low. High Low. Jilgh Low. High Low. High Low. High Low. High Low. High Low. High
-177 170%
-175 172 -181%
O
100 -215 J B -208 IBS -203 187 -100% 190%-200 190%
-2J2 307%
Chic* «fc Northwest....... 108%
-213% 1 7 -200%
9
1
3
Prof............................ 215 -222U 214 -217 207 -217 314 -248 214 -238 212 -226 215 -225 215 -221 313 -213 2 2 -241% 3 5 *2H% <8 -285
*0
-128% 121%'128% i.22%
-136 185%
3
3
3
4
2
Clilc* R . I* dk Pacific..... 110%
-1G5 1 5 -100% 15694-175% 1 0 - 158% 1 5 -140% 1 5 - 147 138 -144% 1 8 -H9 HO - io^
_
_
l()%- 11% G% 1 %
- 1
It lirlitfl........ *..... ........
2
4
1 5 -135 U0 - 1 0 1 -145 1 5 -146%1 -140
3
2
-145 1 5 -H5 1 0 -HO
4
4
35
Chic. St. Paul M . dk O... 1 (5 -137 127 -127 L 5 -134 134%
4
40
8
B
8
9
P ro f............... .......... 184% 185 .... - ... 180 -180 1 5 -201 .... - ... 183 -185 1 3 -183 1 5 -185 ,,,, - .... 105 -108 1 6 -190
~
Chic. Term ’ I Transfer.. 10%- IBM 13 - 15% 1334- 18 1694- 31
1 - 2
0
5 22 - 25 18 - 2 9 17% 23 10% 2 9 19% 21% 1
34
44
~
8%- 2 % 1 - 10%
1
5
34
64
.0
~
P re f............................ 33 - 39% 34%- 38% 35%- 4 > 40 - 57% 80 - 49 43 - 4 9 35%- 4 % 86%- 43 38 - 44% 30%- f J 35% 39% 2894- 80%
H
6 83 - 89 86 - 92% 8894- 91% 89%- 99% 93%-100% 97 -101 90 - 99%
Clev. Cin. Clilc. «fc St.L.. 73% • 81 75 - 70 75%- 82% 80 - 90 73 - 8
1
-117% 1 9 - 119% 1 8 -122 12194-124 1 0 -128
1
59 -12
1
P ro f........................... 115% 119 1 6 -117% 1 8 -11834 11 4 1 11894-119% IIO9 II9 116 - 118% L17%
1
4
94
2
32 - 33
Clev. L o r. & W h e c l’g .. 27%- 29 23%- 35 31%- 37 34%- 35 35 - 35 33 - 33%
40 - 42%
. •.. - . •. 67 ~ 74 69%- 73 72%- 72% 75 - 78 80 - 82
P ro f........................... 68 - 70% 69 - 77% 71%- 76% 74 - 75 7494- 75%
_
.. - .,
8
1 9 -189
8
191%
-191%
Clove. & Pittsb. p a r . .
1 5 -195 1 9 -190
9
1 3 -193
9
Colorado & Southern..
5
m - sy4 7%- 11% 8 - 12% 10%- 18
9%- 1
7 14%- 16% 12 - 1 % 12%- 15% 12% 16% 13 - 14% i m - 15% 13%- 15%
1st pref.... .................. 40 - 41% 40 - 48 42%- 49% 45%- 56% 42%- 55 5094- 63% 48 - 53 49%- 58% 53 - 5 9 52%- 54% 6394" 69% 65%- 60
74
16%- 18 1?%- 21% 1834" 24% 20 - 2 < 18 - 20% 22%- 24% 20%- 24% 21 - 27 23%- 27% 23 - 25 24%- 28% 24%- 28%
8%
2d p ref....... ............
-162H 1 1 -174% 162 -174% 1 1 -185% 105 -180% 1 4 -170 1 4 -168 157 -170 159 -169 10O -17394 168%
5
5
D e la w a re <& Hudson... 126%
7
6
-178% 1 8 -178
%
6
-202 1 4 -198% 1 2 -220 214 -224 200%
9
9
-244 2 3 242% 218 -230 220 -231 317 -228 220 -240 3 2 -249 210 -268
Del. Lack. dk Western. 188%
3
3
Denver dk R io Grande.. 2914- 33% 32%- 42% 37%- 49% 42%- 47% 38%- 53% 4S%- 53% 39 - 48% 40%- 40% 42 - 51% 42*4- 4 9 44 - 47% 41%- 46
5*
80 - 85% 83%- 89% 87%-100
44
93%- 98% 8094- 99% 9594-103% 8 9 - 97% 88%- 9 9 90 - 97% 9094- 93% 92 - 96% 9194- 96
P rof...........................
74
_
_
_
Rights. - ■ .................
•
!4- %
01V- 9 % 9i%- 9 9 88 - 9
2
5
Pref. interim ctfs......
94
D en ver dk Southwest’n
70 - 71 69 - 70 69 - 69 65 - 65 50 - 50 49 - 60% 60 - 50
69 - 69%
P r e f............................
65 - 65
1 3694- 39 37 - 43% 38 - 43% 40 - 42% 30 - 40%
Dos Mo. dk Ft. Dodge... 18 - 22 21 - 25 22%- 28% 2694- 36% 24 - 38 37 - 45 34%- 4
_
_
_
1 1 -123
2
130 -130 135 -135
P r e f............................
Dot. So., vot. tr. ctfs...
15%- 16 14%- 1
%
7
39%- 40 30 - 40%
Pref. voting tr. ctfs....
5 -5
6 -7
D uluth So. Sh. & Atl...
4%- 6% 6 - 8
6%- 1 % 10 - 12% 8%- 1 9
2
10 - 1 9 1 - 12% 11 - 12
14 9 -1 1
2* 1
994- 1 9
04
9 15 - 1 9 15%- 21% 18%- 22 15% 2 9 17 - 20% 18%- 22% 19%- 22% 20%- 21% 1794- 20
P ro f............................ 13%- 15% 13%- 16% 14%- 1
74
- 04
24-% 31 27 - 30% 27% 37% 3594- 43% 24%- 4 9 4094- 45% 34 - 43% 35%- 44% 3 9 - 4 9 38%- 4
~
4 4 - 43% 38 - 43%
1
E rl© ............................
2*
84 4*
59%- 69% 62%- 68% G3%- 70% 67%- 72% 60 - 72% 69%- 73% 63% 73 63 - 7 9 67 - 7 9 G7%- 70% 70 - 73% G9%- 75
24
le t pref....................
2*
1 55 - 60% 40%- 59% 65%- 59 47 - 58% 48 - 59 53 - 59% 5294- 57% 53 - 60% 53%- e2%
2d p re f...................... 39%- 46% 40%- 46 42 - 6
Evansville dk T. Haute. 41 - 44% 41 - 55% 50 - 58 54%- 68 49 - 63% 55 - 6
1 52 - 62 50%- 68% 57%- 60% 58 - 6
5 55 - 62 58 - 63%
92 - 9
5 __ 92 - 92 .... ■ .... 88 - 88 89%- 94 S3%- 83% 82 - 84 __ - ....
P re f............................ 81 - 81% 81 - 90 8 8 -9 0
%
04
F t. W o rth dk Den. City 17 - 17% .... - .... 19 - 31% 29 - 36 22 - 3 % 29 - 3 9 27 - 2 9 28%- 30 ... - .... 27 - 29% 27%- 27 26 - 30%
1
84
_
_
_
6 25%- 29 27 - 29
F t. W o rth
R io G r __ 25 - 2
8
-202% 181 -192
7
-187 172 --1 6 173 -188 1 9 - 189%183 -196% 192%
8
G reat Northern, pref.. . IS8 -200 1 9 -194% 194 -208 1 9 -203% L67%
7
-191% 184%
_
_
_
R igh t s .. .................
24 - 25
2 2 V - 26%
_
50 - 50
5?% - 58
Green B a y dk W estern. 52 - 53
59 - 59%
66 - 67% 67 - 67
Deben. certs., Ser. A. 65 - 67
65 - 66
€6%- 67%
8 - 10% '8 % - 10
8 - 9
8 - 9%
Deben. certs., Ser. B
9 - 9%
9%
10 - 10%
8%- ■ 89*
8 - 9%
7% - 8 %
8%9 - H% 10 - 11
4894- 53% 49V- 55
Hocking V a lle y .......... 41 - 45% 43%- 49% 47% - 55% 49 - 55% 40%- 57
53%- 5594 49 -- 54
5194- 56% 56 - 64% 60%- 75%
76% - 82
73%- 77% 74 - 76% 70 - 80
76% ?3% - 769* 73 - 76% 7394- 77
80% - 88%
P r e f ........................... 69%- 72% 71 - 76
76%- 79% 73
Illinois Central............ 128%-136 L27%-134 130 -139% 138%-146% 124 -149% 142 -15494 145 -1549* 141%-148 14194-117% al3894-47% 138 -142% 136 -140%
..
Leased line, 4 p. c. ... 105 -105 104 -104 106 -106 105 -106 109 -106
2 % - 3%
2%- 2%
R i gb ts........................
7 % - 8%
Tnd’ a Illin o is dk I o w a . .
77% - 80
25%- 27% 26 - 35
30 - 35% 23%- 36% 34%- 4394 33 - 4:2% 36 - 41
Io w a C entral.............. 21 - 28
35%- 42% 38 - 42% 39%- 41% 34%- 38%
48 - 54
52%- 56
59%- 64% 53 - 63% 62 - 82
76 - 79
53 - 64
70 - 75%
70
87% 71 - 779* 70 - 81% 73 - 80
P re f..........................
24 - 27% 25 - 29% 25 - 27
25%- 29
33 - 359* 31 - 35
31 - 34% 33 - 36% 33 - 40
K a n a w h a dk Michigan. 21 - 28
31
36
2894- 41
_
_
_
_
_
K . C . F 1 .& M . t. ctfs.pf
S
7894- 79% 7 7 V - 81%
13%- 17
16 - 19
18%- 20% 18 - 25
19%- 24
19 - 20
1894- 23
20 - 2194
19 - 20% 17 - 18
K . C. So., vot. tr. ctfs..
20%- 23
19 - 209*
42 - 49
43% 36% - 39% 41 - 46% 42% - 46%
Pref«, vot. trust ctfs.. 35 - 40% 38%- 42
39% - 45
41 - 4394 43%- 46
38 - 42h 40 - 42% 39
6 - 10%
8 - 9 %
8 - 10%
__ - .... 7% - 16% 15 - 18% 15%- 17% 15 - 16
K eok. dk Des M oines...
5 % - 6%
8 %- 99*
8 - 8
9 - 9
36 - 36
24%- 33
35 - 35
__ - __ 32% - 32% .... - ... £8 - 45% 44 - 44 40 - 40 40 - 40
32%- 34
P r e f ........................... 24 - 26
8 - 8 %
8 - 9%
9 - 1 0
8 - 8
Kingston &; Pembroke. 13 - 14
9 - 1 1
_
4 5 -5 0
! st pref.....................
L ak e Erie dk W estern ... 39%- 46% 41 - 45
51 - 63% 61 - 68% 49 - 67
59 - 62% 53% - 64
59% -.74
62%- 7194 70 - 76% 64%- 72%
5094- 67
P r e f............................ 108%-112 113 -114 113 -130 127%-130 109 -127 124 -124 11794-120 120 -129 123 -135% 127 -133 12994-134 120 -120
_
_
Lak e Shore.... ..............
230 -230
275 -325 325 -355 347%-352%
235 -235
235 -235
235 -240
250 -250
68 - 70
69 - 78
68 - 70% 67 - 80% 7194- 74% 70 - 74% 71 - 82% 73 - 77
74 - 78
Long Island............. .. 67 - 70
73% - 76
7994- 90
Louisville dk Nashville. 84%- 91% 89%- 93% 91%-101
99%-10G% 100 -106% 101 -10494 103%-109% 10294-110%
105%-111% 9 9 % - l l l
9994-111% 76 -111
Manhattan Consol...... 111 -126% 116 -121% U7% -129% 126%-131% 83 -129 U7%-128% 11394-124% 114%-12194 113%-125% 117 -123% 122%-139% 131%-145
21 - 25% 23 - 26%
12%- 16% 14 - 19% 17 - 25% 21% - 25% 19 - 30
M exican C e n t r a l.......
25% - 2994 21 - 289* 22 - 26% 22% - 2694 2194- 24
M ex. National, ctfs.....
8 - 13% 10%- 12%
7 % - 15
4 - 6%
8% - 1 0 %
3% - m
5 % - 9%
894- 12% 12% - 14% 13 - 15% 12%- 15% 13%- 15%
_
_
_
_
116 -140 128 -180 156 -170
Michigan C en tral........
107%-107%
Minneap. dk St. Louis.. 67%- 71% 69%- 78% 75%- 89% 83%- 87% 80 -100
93 -109% 101 -111% 106 -110 104%-109 104 -111 106 -110 105 -109%
P re f.......... ................. 101%-110 106 -109% 109 -114% 112 -114% 112%-114% 132 -115 111 -115% 114 -117% 115 -1179* 115%-124% 120 -122% 120 -122
25 - 28% 28% - 36% 3094- 36%
Minn. St. P. <fc8. S. M.. 18 - 21
18 - 20% 18%- 21
19%- 20% 15 - 2594 2L - 27% 21 - 2694 23%- 28% 23% - 28
70 - 75
79%- 949* 86 - 92%
70 - 77% 72%- 79
P r e f............................ 53 - 55% 51%- 55
52 - 63
60 - 51% 49 - 55
58 - 78
6394- 74
Mo. K a n sas <fc Texas... 15 - 19% 18%- 22% 19%- 25% 24% - 35% 21 - 33% 29%- 32% 24 - 3194 2494- 29% 2594 - 309* 24 - 27% 25%- 279* 24%- 26%
60%- 55& 49% - 53%
50%- 61
P r e f............................ 43%- 57
51 - 649* 51 - 57% 51 - 57% 48%- 53
52%- 60% 57 - 68% 37 - 67% 61-94- 66
Missouri Pacific........... 69 - 93
85 - 93% 87 -103% 100%-110% 72 -116% 110%-124% 696%-121% 94%-10894 94 -107% 92 - 989* 97%-1049* 10094-107%
_
_
_
R igh ts.,............. ........
- 2%
M obile dk Ohio........ .
44 - 69% 68%- 80
79 - 79%
R 9. - KSU 83 - 85
J .P .M organ dk Co.cfs.
78 - 82
80%- 83
83 - 84%
79 - 82
82 - 83
M orris dk Essex........... 191%-192 193 -193% 193%-197 19694-197%
195 -195 195%-195% 197 -197
193%-193%
.... - ....
194%-197
_
_
Nashv. Chatt. dk St. L..
75 - 75
75% - 75% 78 - 82%
70 - 75
N. V. Cent. dk Hud. Rlv. 129%-14G% 142%-147 142%-148 146%-164% 140 -170 151 -160 148 -15894 149%-156% 149%-160% 154 -159% 158%-174% 16094-171%
N. Y. Chic. dkSt. Louis. 17%- 24% 19 - 22% 19%- 37% 31 % - 39
16 - 36% 29%- 37% 30 - 40% 3694- 12
37 - 57% 45% - 54% 48 - 54
47 - 51%
1st p re f...................
105 -109
100 -102
113%-115
114%-114% 110 -112
97 -115
.... - .... 112 -114 110 -120 115 -115% 115%-119 11894-120
50 - 76
2d p re f....................... 49 - 56% 49% - 51% 47 - 76% 69 - 79
88 - 92% 86 - 89%
72 - 82% 77%- 82% 75 - 95
66 - 78
83%- 93
_
_
_
_
_
N ew Y ork dk Harlem...
420 -420
109 -409N. Y. Lack. dk W est. ... 134%-134% 139 -139 136 -136 136 -137 __ - .... 135%-135% .... _ .... 137 -137 . . . . - .. ... - .... 13694-1369*
N. Y. N. Haven dk Ilartf. 211 -213% 206%-211% 208 -210% 211 -214% 212 -215% 213 -217 214 -215% 215 -210 211 -215% 211%-214 211%-214 310. -214
33%- 38% 24 - 40% S4%- 39% 30 - 37% 31%- 3094 31 - 38& 31%- 35% 33%- 36% 32%- 35%
N. Y. Ontario <fe West.. 28%- 35% 30%- 34% 30%- 37
Norfolk dk W estern .... 42 - 46% 44% - 48
45%- 52% 4994- 56
47 % - 57% .60 - 55% 45%- 53'
18%- 67% 51 - 57% 53% - 57% 56%- 0i:% 5294- 60%
86 - 90
P re f............................ 82%- 84% 82 - 81% 83%- 87
87 - 90
88% - 90
89%- 90
89 - 90
90 - 92% 90 % - 92
8894- 90% 88 - 90
Northern Pacific R y.—
_
_
B l % - 87% 82%- 96
93%-110% 107 - d 0 150 -150
122V - 122V
Voting trust receipts . 77%- 90
70
118 -118
02 -102
Pref. voting trust rec 84 % - 89
86%- 88% 87 ”- 93%
07%-113% 90 - 98% 05 - 98
96 - 98% 95 - 98% 95*4-108% 100%-1059* MH-iaiu
55 - 66
73 - 78
Pacific Coast Co.......... 57 - 61% 52 - 54% 52%- 59
59 - 62
60 - 77
61 - 73
63 - 70
63 - 0894 62 - 69% 60 - 65
_
_
95%- 93
1st pref............... ...... 91 - 94% 89 - 89
98 -103 100 -103%
03 - 93
100 -100
93 - 95%
80 - 80%
2d p ref....................... 63 - 68
03%- 63% 68 - 75
70 - 70
70 - 72
64
61% 63 - 66% 65 - 73
68 - 71% 6994- 83
07% - 70
Pennsylvania R l t ...... 142%-163 14634-152 148%-165% cl52 -161% 137 -158 H8% -164% 140 -1519* 14194-148% 140%-147% 142%-148% 144%-152% 145 -152%
_
_
Rights........................
8% - l l 1
^
694- 11
H'kl- 10V
,
Receipts.......... .........
140 -140
11994-152% 110 -151
38 - 41
27%- 30
23 - 28% 27% - 83
P eoria dk Eastern....... 14%- 17% 18 - 28% 23 - 35
25%- 299/ 27 - 60
IO94- 40
41 - 45
25 - 20
83 - 85
Pere M arquette.......... 83%- 43
41 - 65
87%- 94
70%;- 70% 75 - 75
50%- 61% ... - ... .... - .... 53 - 75
77%- 86
74%- 75
P re f..........................
82%- 82%
7 4 % - 74% 72%- 74
72%- 78
72 - 79
74 - 75
80 - 80
85 - 85
79 - 86
Pitts. Clnn. Ch. dk Ht.L 57 - 62
57 - 61
07%- 77
70‘ - 78% 74 - 81
58 - 69% G5%- 72
72 - 75
70 - 71
is - BO
7494- 75
Pref .........................
91%- 05
92 - 94% 04 - 90
88 - 95
08 -105
100 -102
102 -102 102 -102
... - ... 104%-107% 108 -113
9 0 9 4 -1 0 1
Pitts. Ft. W . dk Ch., gu .... - .. .... - ... .... - ....
188%-100
- ... .. - .... 102 -105 .... - ...
- .... .... -

I'HK OH HON I OLE.

[VOL. LXXIV,

m

1 0 01 - < ’o n t i n u eel.
STOCKS.

Ja n trA it v bfilBR'RY. A A BOB.
X

A PHIL.

MAY.

Ju l y .

A ugust . Sb p t ’ beh OCTOBEB NoyjBER D ’ her .
oSO

Low. High Low. High Low. High Low. Fiigl ] Low.High Low. High Low. High tiOw. High Low. High Low.High Low. High Low. High
R e a d in g va t. a** c e ils ,
1 at ipret, f o t . i r . carts*.
2 d i»rdi. va t. ii\ certs.
lle n a s e ln e r A S a ra to g a
i i tu i i ran d o V t?«l.eru ,.
V
P r a t .,..........................
ItiMiuio W a t. Sc Ogdens!*.
liu tl& n d , p re f. ..........
Mw J os. Sc 4 r. Isla n d —
1
V oiling trust etia...... ,,
1st prat. v a t. tv. ctfs.
2d p ref. vac. tv. ells,*.
Hr. L a w * Sc A d iron d a ck
S t« Li, Sc S* F . v . tv, ctik
la s p ro f. v a t. tv. ctfs
°2d p re i, v a t. tv. etfs. <
.
li ly il £S.......... ............
L o u is S ou th w est’ u.
P r o f .................. ..........
Hon char u vat* tv. ctfs*.
F r e t.
“
4
4
Su utheru P a c ific C o .....
Sc P a c ific __ ......
T o ! . P e o r ia Sc W e s P n .
T o L S t . L o u is Sc W e st,.
F r e t ....... .
U nion P a c ific Railway.*.
F r e t .................
—
E ig h t s .....................
U a . N. J , R E , Sc C an al.
W a b a s h .........--- ........
F r e t — .........................
W h e e l* Sc L . E r ie , n ew
1 st p re f......................
p re f.......... .......... —
W is c o n s in C ent’ !, n ew .
F r e E ......... ..... .............

24%~ 80
08%’ 77
38 - 47%
_
_
135 -135

m - am
58 - m
20 - 21
57 - 01%
21%~ SO
H
79 - 81
63%- 69%
_
17 - 24%
4i m - saw
18 - 23
67%- r m
40%- 49%
33%“ 39%
10 - 10
.... - ...
.... ■78%- as
81%- 85%
_
_
n% 23%11%53%27*414%38%-

iM i
29%
12%
57%
30%
18
45%

29%- 86% 34%- 42% 34 - 46% 43%- 48%
69%“ 76% 74%“ 73% 05 - 80% 77 - 80%
'
40 - 51% 49%- 57% 39 - 69% 54%- 68H
70 80 - 85
7 9 -8 4
80 - 80
94% 95 -107 100%-103 101 -108% 100%-lOS
L40 -140 140 -140 140 “140
_
_

293470 39%“
65 93 -

8 59%20%6l%30%80%“
59 23 51%21%“
73%42%26%“
_
10%30 81%83%>

35
77
46

14%
73
30
70%
38%
82%
65

11M- 13%
65%“ 71
24 - 31%
67%- 74
36 - 47%
8 2 -8 8
64 - 72%

27%
67%
24%
78
49%
31

10%68%“
28 70
38 82 85 -

14%
75
34%
75%
50%
88
74%

26 - 36%
56%- 65
23%- 29%
76% - 81%
42%- 46%
28 - 36%

13%
34%
97%
90%
.

_
12%- 19%
27%- 34%
11% - 15%
53%- 60
28%- 34%
17 - 19%
42 - 45%

85 - 39%
63%- 63
26%- 32%
78 - 87%
44%- 57%
,
35%- 50%
_
12 - 19 14%- 19
30 - 37%
32 - 36
86%- 94^ 89%-l20
83%- 86% 81%“ 98
_
%- 1

16%“
28%13%54%29%18 42%-

21%
42%
21%
60%
33
21%
48%

19 36%“
IBM55%34%19 43%-

21%
42%
20%
59%
37
24%
49%

11 65U 24 04 41 81 59 -

14%
74
33%
77%
50%
87
73

18%“
70 29 73 45 83 69 -

16%
78%
36
75%
64%
88
70%
4%
30%
71
35%
88%
63%
50%

31M- 39
- 08% 65 - 34% 31%- 88% 85%- 67% £5%- 62% 41%„
14 - 25% 21%- 24%
28 - 39% 35%- 39%
76 -133 105%-115%
85 - 99% 89%- 92%
_
_
18%- 25^ 21%- 26
24 - 45% 41%- 46%
15%- 19% 18 - 22
45 - 57 52 - 59
24 - 36 32 - 35^
15 - 23% 19%- 26
39 - 48% 44%- 49
10
50
20
76
29
27

80% 47 39 - 45% 38%“ 45% m u - 43% 42%- 62 45%- 68
-73 - 79% 75%~ 79% 73% 77% 74 - 77% 77%- 81 78%“ 82%
47M- 57 49%“ 60% 49%“ 56% m i - 51% 63%- 61% 65%“ 64%
_
215 -215
214 -214
.L
j
L38%-138%

L37%“137%
97 -112^
11 - 12% n%- 13% 10 - 11% 11 - 11% 10 - 14%
65 - 08% 60 - 08 56 - 60 60 ». 63 65 - 04%
25 - 27 24 - 26% 22 - 23% 20%~ 22% 17 - 27
99M-117M 114 -120% 120 -123% 122 -130% 129%-134
37%- 47% 42 - 48% 39%- 45% 42 - 55 60%“ 66%
77 - 81 79 - 82 77 - 70 78 - 82% 80%- 83%
65%- 71% 04%- 71% 63%- 68 07 - 73% 69 ~ 74

11%- 16
ee%- 70
27 - 35
70 -100
39%- 47
75 - 83^
64M- 72%
%- 3 a
V
26%- 34%
50 - 66%
27%“ 33^
Bl%- 87%
48 - 60%
34 - 40%

26%58 28 82%51%37%-

19%- 22
32%- 36
89%“110%
87 - 90%

20 - 22%
32%- 36
93%-104%
87%- 92%

18%32 16 50 27%19 39%-

32^
64%
34%
88%
01%
46%

27 58%29%84 53%39 -

32
63%
35%
90
60%
45%

20 - 24%
33 - 38%
92%-102%
86%“ 90

280 -282% 278 -278
23 19% - 23% 20M- 23%
44 37 - 42% 37 - 42%
20% 17%- 19% 16 - 20%
65% 49 - 53% 46 - 63
32 28%- 32% 28%- 32%
25
19%- 22% 20 - 24
47% 40%- 45% 40 - 45%

26 54%Sl%84%54%_
37%-

30%
62
33%
87%
61%
41%

20 5GM31%8(i%69%“
39 -

80%
02
85%
9-i%
02%
42%

20 - 22M 19%“ 21M
33%- 37 33%- 36%
94%-108 100%-108%
87 - 90 88%- 91%
_
_
19 35%17 48 28%“
20 40 -

21%
38%
18
50%
29%
22%
42%

20 36%17M49%29%“
20M40%-

22%
41%
20
53%
32
22%
41

26%- 28%
56%- 61%
31%- 31%
90%- 94%
56%- 61%
37%- 4I'M
~
17M- 19%
31%- 35%
97 -103%
87 - 90%
21%39%“
17%48%28%19%40 -

23
43%
18%
62%
30%
21%
43

EXPRESS.
A d a m s ........................... 145 -155 155 “162
A m e rica n . . . . ................ 169 -191 178 -195
53 - 59% 54%- 59
U n ited States,.,........
W e lls , F a r g o Sc C o....... 130 -137% 138 -139

160
182
57
140

-165 160 -165
-205 196 -205
- S
O 72%-100
-145 140 -150

165
184
79
142

-187% 174 -175
-200 187 -201
83 - 95
- 89
-142 142%-ieO

170
186
85
150

-175
-200
- 90
-150

175
190
89
145

-176 180 -185 185%-195 190 -200 195 -202
-198 190 -192 188 -192 195 -210 200%-205
- 90 91 - 99 90 - 92 90 - 95 89 - 98
-100 159 -170 160 -160 170 -195 192 -199%

C O A L dk M IN IN G S
A m a lg a m a te d Copper. 83%- 94% 87%- 95
94%-103% 99%-128% 90 -125
A m e r ic a n Coal..
LS0 -180% 175 -185
163 -163
A n a c o n d a C o p p e rf...,. 40%- 48% 42%- 47% 45 - 49% 45H- 54% 37 - 51U
C o lo r a d o F u e l Sc I r o n . . 41%- 56% ±l% - 51k 42%- 56% 55%-108% 85 -107
F r e t ,* .,.,.......... ... ....... 120%-122 117 -119 116 -128 i27%-142% 138 -138
C o l, dte H . C o a l Sc Iron.. 14 - 18% 15 - 17% 15%- 18% m i - 20% 15 - 20
C on solidation C o a l,.,.. 56%- 56%
60 - 60
M asnestake M in in g,. .
75 - 75 80 - 80
99 -104 .... - ....
.
M a r y la n d C o a l, p r e l__ i- - _ |
70 - 72
3 iew C en tra l C oal, new . 3 5 - 3 7
32%- 32% 27%- 33
... — . . . m 3 3 - 3 3
O n ta r io S ilv e r M in in g .. 7 - 7% 6%- 7% 8 - 10% 9 - 1 0
,
8 -8
C£iticksilver Mining.,.....
2 - 5%
1 -1
1M- 3
P r e f — .......................... 9 - 9 % .... - .... 7 - 8
9
10% 10 - 12%
T en n e sse e C oal Sc Iro n 52 - 66% 50%- 67% 49%- 62% 62 - 69% 50 - 67

L18%-130

109 -124% 110 -122% 88%-120 83%- 92% 72%- 89 60%- 70%
_
176 -180%
180 -180
47 - 51% 42 - 48% 42%- 48% 34 - 47% 34 - 37% 30 - 36% 28%- 32%
98 -136k 90 -116% 90 -100 92%-104M 88%- 95% 91%- 90 77 - 92%
.... “ .... 128 -135
131 130 -130 128%-130 125 -125
. . - .... 131 —
18%r 25% 17%- 23% 19 - 21 16 - 20 12%- 17^ 14 - 19% ld%- 18%
. ...a
78 - 78
63 - 63
95 - 95 ... “ .... 100%“100% 102%-104 L03%
“103% .... - ...
_
72M- 76
67%- 07%
... - _
_
27 - 27% 26%- 30 33 - 41 40 - 40
8%- 10
9%- 10
S%- 8%
8 - 9% 10 - 13 10%- 11% 10 - 10
4 - 4% .4%- 4% 3%- 4
2%- 4
3%- 4% 4 - AM S%- 4%
9%- 12
10 - 10 10 - 10 10 - 11% 10%- 10% 9%“ 9%
58 - 76% 55%- 72% 58 - 68% 59 - 68% 56%- 62^ 59M- 06% 58%- 65

V A R IO U S ,
A m e r . A g r ic . C h em ical
P r e f.* ............................
.A m erica n F e e t S u g a r ..
F r e l - .......... . ...............
A m e r , B icycle .
......
P r e l........................... .
A m e r , C a r Sc F ou n d ry .
P r e f . , ..... . — . — ___
A m e r , C otton O il Co..,.
P ^ e f.......... ...................
A m e r * D ist. T e le g ra p h ,
A m e r , C-3-rass T w in e . .,
A m e iic u n Ic e C o..........
F r e t ............. ...............
A m e r ic a n U in s e e d ......
A m e r ic a n JLocomotive.
F r e l...... ......................
A m e r ic a n M a lt in g ......
F r e f . ... ...... ..............
. Hli« S te e l ftr. rerts
F r e t, t r . r e c ts ........
A s a . S m elF g Sc R e fin ’ g..
P r e f ..............................
.A m erica n Sn ail.........
F re t....... ......................
4 jnfir, H piri f.A M fg - -- 4 nsfiv, S te e l TTrtop....
F r e l .............................
A m , S te e l dts W ir e , new
P r e f . . . . , ................ .
A m e r , S u gar R et* Co...
F r e t ................... .......
R ig h t s ,........... . ........
P r e f, r ig h ts ................
A m e r. T e l, Sc C ab le Co.
.Am er* T e lep h .
T eleg .

.... - .... S - 32% 30 - 30
O
- ■ .S i84%- 85% 83^- 83%
28
28 25 - 25
77 - 77%
6 26^- 2894
19 - 23% 20%- 23 20%- 27%
67 - 73% ■69% 72% 71%“ 82%
26%- 31% 2 8 - 3 1
24 - 28%
88 - 91% 87%- 89 86 - 86%
34 - 34 35 - 37 36 - 36%
_
37%- 41% 34%- 37% 36 - 41%
6S%- 70 67%- 69 67%- 77%
8 -9 %
5%- 7
6%- m
Q llU
9 _
■A
3
Q l^
Or
3 - 37
1

29 - 30 26%- 28% 29%- 35
SO 83% 81 - 84% 84 - 91
M24%- 27% 29 - 80
6-7%
31 - 34%
20 - 29
7o%- 83
24%- 28%
89 - 89%
35 - 40
_
88 - 40% 30 - 39%
71%- 74% 68%“ 74%
7M- 15% 12 - 26%
^i _ n
0
K *;
m
6 -8 ^
27M- 35
25%- 27%
78%- 83%
25%- 30
85 - 89%
85 - 36
_

4%- 5%
24%- 28%
28 - 35
82%- 88%
27%- 35%
89%- 90%
__ - __
_
33%- 86%
71 - 72%
13%- 28
d :zs~
9

30 - 31%
89 - 90
25 - 26
79 - 79
4 - 5
20 - 25
27 - 33
81%- 89%
27%- 34%
87 - 91
34 - 34
30 68 24 K.'vU
25 S5%6%“
27 -

$m
71%
30%
fiP
v
32%
89
7%
29%

29 - 30% 24 - 30
89%- 90 80 - 81
3 - 4
20 - 20
27%- 31%
80 - 87%
32%- 35%
91 - 91%
.... — ...

21 - 23
8 1 -8 5

22 - 25
81%- 82
24 - 24

21%- 22
80 - 81%

3%- 3%
12 - 14
25 - 30
$0%“ 86
27 - 31
86 - 90
37 - 87
42 - 45
26%- 28%
62 - 64%
12%“ 20
4 V - Ri
.?
24%“ 33%
84 - 91%
b%- 6%
23M- 25
-«
_
40%- 47%
96%- 99
- ...,!
85%- 86

1%- 3
10 - 11
28U- 31%
84%“ 86%
27%- 33%
85-88
30%- 36%
39%“ 41%
25%- 31%
63 - 69%
17%- 17%
46 - 40
29%- 38%
S7%- 90%
OM- "5M
22%“ 24
_
A,
41%“ 46%
95 - 97%
89 - 40%
85 - 89
2%“ 3%

1%10 28 88 29%88 33 -

3%
15
31
87%
33%
90%
36

2 - 3
10 - 14^
23%- 29
78 - 83%
28 - 30%
88 - 89
32 - 38%

30%- 33% 26 68 - 69% 66 25 - 28 18 4 .0
22%- 27 23 83%- 88 84%6 ’ - 6% 0%27%- 28% 24%-

31%
70
27
Ally,
27
88%
7%
28%

25%- 29%
62 - 64%
17 - 17%
24 - 27%
83%- 87%
6 -6 %
25 - 2 ^
54

4%- 6% 4%- 5% m - 6% 5 - 6 %
5 - 7 % 6%-: 3
<
24%- 27% 24 - 26 25 - 27% 24%- 26% 22%- 26% 25%“ 30
36 - 45% 46%- 49
80%- 96
97%- 97%
39%- 61% 55%- 59% 51 - 58 50 - 55% 43%- 52% 3S%- 45
53%- 65% 45%- 63% 52 "- 5£% 53%- 69
97%-104% 99%-104% 99%-102 96 -101 94%- 98
95 -100 S3 - 99% 91%- 97 93%- 99
90 - 98
_ - .... .... - ... 28 - 26 38 - 40% SO - 32% 35M- 49% _ _
_
..... - ... 41%- 41% ... - ...
_
74%- 82% 73 - 80
79M- 90 84 - 87% 85 - 89 86 - 89 83%- 86
76 - 80
2%- 2%
2 -2
23 - 33% 26%- 37% 34%-a46 *46 - 49
v
... 69 - 78 72%- 86 80%-a96 a-9 - 97%
5
.... - .... .... - .... ... - »•... ; ... - ...» ... - ...
_
_ t.
»
_
_
_
■ r
38 - 47% 38 - 53% 38 -a46% a47 - 49%
_
83%- 88% 88%-101% 95 -alll% all0%-12%
131%-147% 133%-144% 138%-144% 139%-152 135 -151% 140 -158 13S%-145% 129 -14134 H20- 186% 112H-122 116 -12714 108%-136%
2
11734-119% 119%-122 120%-124 120%-124 120%-128% 120 -122% 120%-lSO .1 4 -128% 114 -125 114 -116% U5 - m u 111 -117%
_
_
_
Iif -»
4%- 0
2>4- 4%
2M- 8% 2%“ 2%
)9 -100 97 - 99% 96%-tOO 96 - 97%
98%-100 100 -100
94 - 96% 95 - 97 95 - 97 96%-100
97 -100 97 -100
. . — ... 100k- l<n;‘; 158 -159% 157%-158% 163 -163
.... - ....
.... - ....
...» - ....

1 Par $25 per share; prices are dollars per share —not per cent,

a T rust receipts.

b XSx-rights,

J a n u a r y 4, 1902.]

T H E

C H R O N I C L E .

1003 — <
JANUARY
ST O C K S .

P ro f
American Tobacco C o ..
P ro f............. ............
Dividend scrip..........
American W oolen Co...
P ro f...........................
Brooklyn R ap. Trans..
Brooklyn Union G as ...
Bruns* Dock & C.lnipi.
Pref
Consolidated G a s ........
Continental Tobacco..
T ru st Co. receipts—
P r e f ...........................
Crucible Steel of Amer.
P fflf............... .............

fhbr ’r y .

MARCH.

A p r il .

MAY.

Ji u I « « I .
JUNE.

JULY.

AUGUST. 8bpt ’bbr . October. N ov ’bku . DEC’liER.

1
1
llgh Low. 1 lgh Low. nigh Low. High Low. High Low. High Low. 1 lgh Low. 1 lgh Low High Low, High
Low. High Low. High Low. 1
1
_
_
55 - 65% 6G%- 79 61 -vM% 1 5 - 80
)7
_
..
—
*1)l 8 :!
87 - 01% 88 -102 98% .1 3 i)118%-1 1
2
-141% .... - .... 132 -132 116% H6% 1 5 -138 .... - ....
3
110%
-117% 114% 122% 119*4-129% 124% 130% 00 -130% 186 -144 132%
5
5
4
-14
-142% 145 -147 1 6 -147 143 -147% 147 -14034 1 0 -150 146 -145 145 -115 1 0 -150 1 6 -116 148% 8%
1 7 -143 140%
3
4
0
J00%
-1.00%J.00%
0’
-100% ... - ...
-102 1 1 -103 1 0 -103 too -no 100*4-101% 1 1 -101 .... - ...
0
... - .... 100%
_ ,
_
_
3
-139
i:M -130% 125 -137 1 0 -13834 131%
5
04
16%- 21% 17 - 20% 13%- 17% 35%- 3 3 1 - 1
74 4
0 16 - 17% 18 - 1 3 16%- 18 U%- 17% 1 - 17 10%- 18% ie% - 17
24
72 - 76% 73%- 75 70 - 73% 71 - 76 72 - 7
4 74 - 80 78 - 8 3 79 - 80 78%- 79 73%- 75 77%- 80% 79 - 81
4
1
73%- 87% 72%- 81% 74 - 85% 80%- 88% 68%- 87% 77%- 83% 7 %- 82% . 72%- 71% 01%- 75% 55%- 65% 6 %- 71 60%“ 66%
1 5 -179 17734-186 185 -209 207 -228 202 -220 215 -218% 208 -218 215 -217 212 -21034 210 -210 09 -214 *06 -210
7
1 10%- 1 3 10 - 10%
0
434 U%- 14% 10 - 12% 10%- 11% 9%- 9% 10 - 11% 1 - 10% 11 - 1
14
m - 10% 9%- 10% 9 - 1
_
_
_
_
_
103%
-103:J
>
_
_
_
12 - 12%
7
8
1 - 18% 1 - 18%
6
14% 2 3 18 - 20% 1 - 18
- 0 -4

_
58 - 60 59%- 60
1 3 -183 1 0 -187
8
7
1 3 -183
8
173%
-180 1 0 -189
8
108%
-168%
-226 2 C%-219%213 -225 *ll%-220
1
187 -19(% 191%
-195 192 -21634 212 -238 1 5 -228 218 -226 210*4-22234 217 -229%216%
0
.... - ..
... - ....
.... - ....
3334- 45% 12H~ 48% 44 - 47% 44 - 48% 43 - 68% 6634- 71% ... - ....
__ - _
_ ... - ... .... - ... .... - __ __ - ... 66%- 69% 6334- 69% 05 - 69% 69%- 09% ... - ----- - ....
1
1
1
1
-118 1 4 -116
93*4- 96% 95%- 93% 98%-108% 103 -105 102%
1
-114 1 3 -124 1 5 -120 1 6 -119% 114%-tl8 1 4 -116 114%
.... - .... 25 - 27% 25%- 26% 25%- 27 25 - 25 23 - 23 .... - .... --- - .... ... - ... .. - ... 24 - 25 23 - 23%
_
_
_
84%- 85% 84%- 84% 86 - 80%
81%- 82% 82 - 84
5 74 - 74 72%- 74
14
94
883<- 89 88 - 89% 8634- 8 3 89*4- -9 3 87%- 92 8834- 89% 75 - 7
_
82 - 82 77
77 75 - 77 75 - 75
75%- 77%
14034-145 144%
-152% 1 0 -152 127%
-135%130%
-137% 1 9 -136
4
2
,
G%- 7 4 734- 9
3
8%- 10% 8 - 10% 734- 8 4 7 - 8 %
3
*4 7 - 9 %
94
94
30%- 3 3 27 - 32 27%- 2 3 23%- 29 26 - 2 3 29 - 34% 29 - 33%
34
.... - ....
... - ....
.... - .... ... - .... 405 -405 395 -395 .... _
_
_
41 - 59 43 - 55% 4234-v52% 1)52% 56
68 - 78 72%- 90 80 -1)104% Dl03%-05%
72 - 80 80
82% 81%- 86% 86%- 95 ~ 93%- 95 40 -101% 30 - 48 30 - 35 30 - 33 2434- 25 .... - .... 29 - 29
-268 251 -207% 247%
-218 210 -219 215 -234 200 -233 231 -269% 245 -26834 246%
-269§4 256 -281%271 -289%
183%
-19234 190%
47 - 53 45 - 50% 45 - 50 49 - 60 4S%- 65 57%- 65 52%- 61 53%- 5 3 55 - 62 37 - 54% 39 - 42% 37 - 40
74
-103% 101%
-107 1 4 -105 95 -104% 96 - 99 94 - 97
0
0034-105 100%
95%- 9 3 94 - 96% 9334- 96% 96 -102 98 -106 1
74
0
0
109%
-112 110 -110
0
... - ... 1 5 -110 .... - .... .... - .... .... - .... .. - ... .... - .... 1 0 -100 1 0 -100 99%- 9 3
94
20 - 25% 2034- 25% 21 - 28 24 - 27% 18%- 25 22 - 24% 20 - 23 20%- 2 3 22 - 2 3 19%- 24 19%- 21% 19 - 21%
54
54
69 - 74% 69 - 74 73 - 81 76%- 81 72%- 79% 77%- 79% 7434- 7 3 75 - 80 77%- 81% 75 - 79 75 - 77% 75%- 78%
74
7 - 9 %
6%- 8
6 %- 8%
7 - 11
6 - 6 %
5 %- 8%
6 %- 6%
5 % - 7%
6 - 7 %
5% - 8
6 %- 10%
6 -7 3 4
_
38 - 43% 41% - 51
3334- 34
35 - 40
3434- 39% 3 8 - 3 9
32%- 39% 35 - 35
70 -100% 95%-100% 82 - 96% 90 - 9634 93 - 98
81%- 94% 87 - 92% 87%- 91
54% - 59% 58 - 70
69%- 74
70 - 85
30% - 41% 39%- 41% 3634- 40
37 - 44% 4334- 46% 43 - 47
47 - 49
46 - 49
24% - 28% 25%- 30
27%- 3334 33 - 42
86%- 89
74 - 77
81 - 84
81% - 86% 84 - 86% 85 - 89
78%- 84
81%- 84
78 - h 2 ! 4 81%- 84
8 5-88
75%- 78
19 - 19% 20 - 29
_ - ... 16 - 16% _ - .... ... - ....
_
_
13 - 18
15 - 15
1 9 -1 9
15 - 18
... - ...
_
_
_
_
_
_
■
_
55 - 62% 54 - 55% 55 - 67
50%- 52%
79 - 85
74 - 85
87% - 95% 90 - 91
90 - 92% 94 - 95
94 - 94
84%- 86
90 - 93
82 - 87
70 - 7234 72 - 77
99%- 99% 99 - 99
_
95 - 97
100 -100
95%- 99
101 -101 102 -102 102 -102 106%-106% ... - _
100 -100
100 -100
15 - 16
12%- 14
8 - 9
12% - 12%
... - .... 11% - 14%
17 - 2034 13 - 19
9 - 12% 15 - 22
8*4“ 14% 10 - 10
_
_
_
_
_
181 -182%

P e f i o11 Tint ted R y .......
Diamond M atch .. .......
D istiil’g C o .o f America
F ret............................
Eighth A ven u e...........
F ed eral Steel- T .......
»
P rp f...
G as &; Elec* of B erg Co.
G en eral Electric........
Glucose S u gar Refin’g.
P r e i ...........................
H . B * C laflinC © ...........
International Paper....
P r e f .........................
International Silver...
P re f............................
International Pow er...
Internat* Steam Pump
P r e f ..........................
Knick* Ice (Chicago)..
P r e f................. .........
.Laclede G as, St* Louis
P r e f...........................
M anhattan Beach Co..
M ergenthal* Linotype..
M etropolitan Street... 158 -174 159%-166 16034-168% 164 -176%
_
%- 2
R igh ts.......................
32 - 36% 34 - 36%
M et. W* S* El. (Chic*).. 27 - 30
27 - 32%
P r e f.......................
79%- 83% 80% - 84
85%- 88% 87 - 83
_
_
_
M il* El. Ry* < L t., pref.
fe
118 -118
M utual G as (N. Y . ) .... 295 -295 294 -294
N ational Biscuit......... 37 - 43
39 - 41%
33 - 40% 38%- 42
P re f................. .....
9 2 -9 4
96 - 97
92 - 94% 93 - 96
National L ead C o........ 16% - 20% 15%- 19
15 - 16% 16%- 19%
P re f............................ 82 - 92
83 - 85%
82%- 8934 83 - 88
40 - 44
42%- 50
41 % - 47
N ational S a lt.............. 40 - 46
P r e f ............................ 72%- 79
73 %- 77
76%- 81
75 - 81
National Steel............ 3 7 _ 4436 40%- 50
43%-d57 1)57 - 60%
P r e f ........................... 90 - 93% 91%-102% 99%-d 118% r l l 7 -120
N ational Tube ........... 53% - 70
51 - 70% 52 -1)6434 1)65 - 69
P r e f............................ 93 -106
99 -106% 100 - d115 d 117 -121
N ew Y o rk A ir B ra k e .. 1 5 0 % -ie o 150%-164 160 -164% 154 -175
_
R igh ts......................
N. Y . D ock...................
P r e f ..........................
N. Y . < N* J. Telephone
fc
North Am erican Co..... 19%- 21% 20 - 25
N ew stock.................
85 —89%
73% - 82% 76 - 91
Pacific M ail S. S .......... 40 - 47% 38 - 46% 33% - 39
3534- 42%
Peoples’ G .- L .& C., Ch 9534“1C6% 98 -104% 101 -108% 107 -119%
_
R igh ft.............. .........
Ph iladelph ia Co..........
92 - 95
92%- 9 2 ^ 90%- 94
Pressed Steel C a r ....... 35 - 52
35%- 3934 30 - 3934 39 - 48%
P r e f .......................... 76 - 83% 7434- 79% 72%- 83
8 0-89
Pullman Co. (T h e )...... L95%-203 L96%-201% 198%-210% 209 -217
Repub* Iron
Steel... 12%- 18% 13%- 17% 15%- 19% 1834- 22%
P re f............................ 55%- 65% 58 - 65
63 - 75% 71%- 82
R u b b er Goods M fg .... .... - ... .... - ..
... - .... . .. - ....
P ref..................... ... . . . - ... _ - ... __ - _
_
_ ... - ...
S ilver Bullion C erts..
61%- 65%
6934- 6934 60 - 60
Sloss-ShefGeld SPI & I. 20 - 251* 19%- 23
22%- 37
35 - 41%
P re f........................... 6 5 % - 69
6734- 70% 70% - 70% 78%- 8034
Stand. Rope
Twine.. 334- 5% 334- 5% 3 % - 4% 4 % - 5%
T exas Pac* I.and Trust 10 - 21% 20 - 31
29% - 38
34%- 42
T hird A ven u e.............. 118 -129% 119 -128 119 -123 121 -127
Tw in City R ap. Tran... 6534- 71% 67%- 71
76%
69% - 76% 74
P r e f .......................... 1471^-1471^1143 -147 147% -14.7'k 147 -147
Union B ag <fc Paper... 12%- 18
12 - 16
i m - 16% 15 - 17
P re f..........................
69%- 74% 70% - 71%, 70%- 74
65 - 74
U. S. L ea th er.............
11 - 14% 12%- 15
12 - 14% 12%- 14%
P re f.. ....................... 73 - 79
73%- 76% 73%- 76% 75%- 79%
U # S. R ubber Co.........
19 - 34
18%- 22% 18%- 23
19 - 23%
P re f........ .................. 5934- 65
59%- 6234 07% - 67% 66 - 65
U .S . Steel Corporation . . . . - .... .... - ... 4234- 46% 45%- 65
Pref............................ . . . . - . . . . . . . . - ... 0234- 96% 93%-101%
_
V a .-C ar. Chem ical......
70 - 72
65%- 72
Pref...........................
... . - ... 122 -124% 116 -1213*
Western Union T e l’gh.. 81 - 88% 83% - 91
86% - 97
90%- 06%
_
_
W e s t l n g h . KI.Mfg.ass’ t
J st pref.....................

v '1 m a t r e c e i p t * .

o i m

27

*

a Bx'ilgbtfl.

b Ex dividend and rights.

150 -174% 169%-177
32 - 34
85 - 85
118 -118

35%- 37
89 - 92

_

164 -174
34
87

_
-

35%
- 91

_

163 -170

_

159 -169

„

35%- 36% 3734- 40
91%- 91% 92% - 93

_

151%-164
40
90

_
-

40
- 90

_

152%-171% 166 -16734

_

„

39%- 41

_ - ...
_

39
91

-

_

41
91

295 -295
39%- 46
40%- 45% 41 - 44% 41% - 44%
43%- 46
97 -100% 100 -103
100%-103
100%-103% 102 -102%
15%- 23% 19 - 25% 18 - 23
19 - 21
18%- 21
81 - 89% 83 - 93% 87 - 90% 90 - 90
8 7 -9 0
40 - 46
41 - 45
43%- 45
40 - 43
40 - 42%
75 - 78% 76 - 78% ?4%- 77% 75%- 77% 7534- 77

_
_
_

_

_

135 -170% 142%-147% 133 -14334 L35
7 - 12%

-149

41 - 43% 4 l% - 43
A 2 & 45%
99 -102% 102 -103% 102%-103%
18%- 21% 18%- 21% 15 - 18%
8 ±% - 8934 ...
23 - 40% 32
6134- 75% 62

- ....
- 32
- 70

140 -14934 137 -14434 140 -16934 145 -162%

_

—

14
44

_

_

_

173 -173

78 - 91
30%- 41

89 -109
92 -10334 97 -10334 90 -102
91%- 9834 92% - 9734
37% - 43
40 - 4534 4334- 49%
37%- 44% 36 - 42
38%- 44
93%-119% 113%-120% 111 -119% 510734-15% al0434- 113 101%-108
97*4-104%
_
34- 1%
92 -109
106 -106
104 -104
37%- 46% 4334- 46% 40 - 4434 40%- 4334 39 - 42% 37 - 41% 41% - 45
79 - 86% 85 - 87
82 - 86% 82%- 81% 7834- 82% 76 - 83
80 - 87%
193 -211
208 -212
204%-209% 204%-208% 205 -215 213 -225 213 -220
15 - 21% 19 - 21
17 - 22% 18%- 21% 1134- 19% 14%- 15% 14%- 16%
07 - 78
74%- 78
64 - 67
66 - 70%
0934- 76% 72 - 76% G0%- 74
28 - 38% 29 - 34
26%- 3134 26 - 32
25 - 31% 21%- 29% 24% - 28
80 - 90
77%- 83
70%- 78% 76%- 79% 70%- 80
72 - 75% 75 - 77

.. - ..

.

32%- 40%
8 0 8 3 %
4 % - 7%
30 - 41

35%- 39

117 -125
71 - 85

_

12%- 14
6734- 71
734- 16%
69%- 80
19% - 24
60 - 67
24 - 64%
69 -101%
65% - 70%
116 -120
85 -100%

.. -

_

81 - 833^
5% - 8%

33

_
-

_

35%

80
8034
6 - 8
30%- 39% 30 - 40
122 -124
121 -122
8334- 95
90Mi- 9 5 ^
118 -148
13%- 19% 1 % - 17%
70 - 75
70 - 74
13% - 15*% 12 - 14%
78%- 82
76 - 79
20% - 22 ; 19 - 21%
%
’ 60%- 65
5634- 62
4=7%- 62% 37 - 48%
96%-100% 86 - 90%
06 - 72
51 - 65%
i i<;
117 -122
92%- 96%

-

88 - 04

_

30%- 33
80 - 80
4 % - 0%
33 - 38%
121 -123
92%-102%
147 -148
14%- 18
73 - 74%
12%- 14%

7434- 8634
30% - 31
62 - 62

30

-

31% 30
73
81

80
4% - 5
37%- 3834
119 -121
98%-105%
150 -157
15%- 17%
71%- 74%
12 - 13%

78%- 83% 78%17%- 21
1m 55 - 60
53 *39%- 4534 40%89 - 95% 90 67 - 65% r>{» -

833^
20%
58
45%
05%
a

2

120 -125 ~ 123 -123
90 - 04
8934- 94

_
-

30
79

30
79

_
-

_
-

15
47%

92 - 94
43 - 47%
96*4-104%

38
79

-

4234
86

211 -21834
1434- 16*4
65%- 69%
18 - 25
65 - 75

3134 28%- 30%
82% 80 - 82 .
4 % - 4%
4% - 5
4% - 6
32 - 36% 35 - 38% 35 - 3634
117%-118 118 -121 120 -123
97 -101 100 -108% 105 -100%
1
5g
1 59L<
ir>8 -100
14%- 15% 13%- 15%
14%- 16
70 - 72% 71%- 74% 73 - 7534
• 1034- 1234 11%- 13% 11*4- 12%
77%- 8134 80 - 83% 80*4- 8234
L2%- 16% 1434- 16% 12 % - 16%
47 - 53
48 - 63
48*4- 52
4 L - 44% 41*4- 44% 39%- 43%
80%- 94
90%- 06
90%- 94
r*K.v- f i i u now,- q a u 60% - 03%
122%-123% 122%-124 123 -124
00 - 92% 80% - 02% 90%- 03%
145 -160 L40%-180
185 -187
157 -167

THE CHIIONICLE

28

[V ol . LXXIY.

QUOTATION'S OF STERLING IXCrTANOE FOR EVERY DAY OF THE YEAR 1901.
[Com piled from posted rates of leading bankers.]

1901.
Januaryi>ay tlO u Sight
1....
Holiday.
2 .... .4 82-14 8 ‘-4
8.... ■ S4-3
h
4 .... .8214-3 88u:-7
5 ,,.
3 80, -7
4

8
7 . .. . A'43-id 87-4
s
8 .,.. ,4 83-4 A
*
9 .... 8 :54 -A 87^-8
IQ... .8314-4 074-3
u , . .84^-4 874-8
12. .. 884-4 874-8
18..
3
4 88
1
4
.4 84
4 88
15... .4 84
id... 4 84-4 4 88
17....
1 4 88
18... .4 -H 4 4 88
19. : .4 84-4 4 88

February.

March.

April

May.

June.

00 a. Aight. bod. Sight. 80 d. night. 00 cl. night. B d. Sight.
O
A35-4 884 9 a m 4 88-4 4 854 4 39 A 86M A 89 4 85J^ A .89
A <864 4 89
S.
A 85 4 38-4 A 86^ 4 89
185-V
ib
4 89
A
s.
S,
4 89 A 0.54 1 09 4 854
4 85-14 4 89 A 85 4 68-4 4 854 4 89 4 354 4 89 A 354-0 A 80
A
A K)
s.
A 85 Uo A 8l> 4 85 A h8~ d 4 854 4 39
Ai
4 8>14 4 .3) 4 05 4 88-4 4 854 4 89 4 35-4 884 D A 854-0 4 89
4 85-4 884 9 4 854-0 4 89
4 85-4 -884 9 4 85 4 88-4
4 85-14 884-9 A 85 4 88-4 4 854 4 89 A 85-4 884 -9 4 854-0 4 89
J
:
• 85-* * 88j^-9 A 85 4 03-4 4 6 5 4 4 89 4 85-4 004 •
A >3
s.
9 4 80-4 4 89
A 35Jl A 89 4
r
S.
8,
4 85-4 884-9 A 85 4 68-4 4 8 5 4 4 89 4 85-4 884 -9 4 80-4 4 89
A 80-4 4 89
Holiday
A 85 4 38-4 4 854 4 89
8.
A 85-^j
4 ‘-S 4 68-4 4 854 4 89 4 854 4 89 4 80-4 4 89
4 35}d A 89 4 80-4 4 89
5
4 85-4 4 804 4 85- ~ 334
b
4 06-4 4 884 4 85- 4 88^ 4 854 4 89 A 854 4 89 4 80-4 4 89
A 85-)r A
f>
6
4 8588*3 4 H 4 4 89 4 064 4 89
8.
9.
s.
4 854 4 89 A 864 4 89 4 804 4 89
HI 4 ..4 83-4 4 85-4 884 4 854 4 89 4 864 4 89 .4 804 4 89
4 804 4 89
A 85“
8'^q 85-4 884-9 4 854 4 89
S.
4 85-14 88-14 85-4 884-9 4 854 4 89 4 864 4 89 4 804 4 89
4 864 4 89 4 80 4 4 89
4 844-5 88-4 85-4 884-9
S.
Holiday. 85-4 884-9
89-4 4 864 4 89 A 804 4 89
8.
A
5
85 4 884-9 854-0 89-4 4 854 4 89
s.
S.
854-0 39 4 4 854 4 89 4 364 4 89
844-5 88-4 85-4 , 884-9 864-6 89-4 4 854 4 89 4 804 4 89
85-4 884-9 854-0 89-4
4 80 4 884
8A *i"5 88
V
s.
844-5 88-4
til 864-6 89-4 4 854 4 89 4 80 4 384
4 854 < 89 4 80 4 88.4
1
6
4 86 4 684 4 m .i 4 89
4 851.l 4 89 4 854 4 89 4 854 4 89 4 80 4 984
4 854
4 89 5 854 4 39
Holiday.
8.
4 854 4 89
S,

JO
.
a
8S-4
21. .
23,... .4 8*42 83-4
23. . 4 - 1 , 88-14
M
24... .4 84-4 S -!4.
25 . 4 8 1 4 88-14
2
tt— .4 84- 4 88-J
.V
4
27....
s
'28. .. 844-5 S3-4
20... 844-5
12
80.... 8 1 -5 88-14
81.... .84U -5 88-0
Range—
High .4 85 4 80 4 854 4 89
Low. .4 83 4 80 4 844 4 88

4 854 4 89
4 85 4 89

July.
August.
Septemb’ r.
October.
H cl. Sight 60 d. Sight. 60 d. Sight. 60 d. Sight.
O
A 38 4 884 854-0 88-4
8.
834-4 80-4
4 84 4 804
4 80 4 S84 864-6 88-4 Holiday.

4 80

814-5

4 834

4 804

87-4 4 81

814-5 87-4 4 84 4 804
s.
Hoi day.
4 84 4 .304
4 8H 854 -H 83-4 1 814 4 87
4
3
c
S.
* 834 85 -|-6 88 V. 84-4 804-7
4
*
4 84-4 4 804
s,
954-04 83-9

4 80
4 80
4 80
4 80

4 884
4 834
4 884
4 80 4 884
864-0 88-4
864-0 88-^
4,
854-0 88-4
A 85k 4 88
>
4 854 4 38
4 854 4 88
4 864 4 88
4 854 • 88
4

A H5

£.

854-0
854-6
854-0
854-0
854-6
854-0

88-4
88-4
88-4
88-4
88-4
88-4

854-0
854-6
854-0

88 4
88-4
83-4

s.

864-04 08-9
854-04 88 9
804-04 88-9
8.
854-04 88-0
864-04 88-9
854-04 88-9
854-0 88-4
854-0 88-4
854-0 88-4
8.
A 854 J 88
•l 854 A 88
A 864 A 88
A 854 A 88
A 864 1 88
A 854 I 88
8.
1 854 1 88
3 854 4 88
4 854 4 88
85-4 874-8
85-4 874-8
85-4 8 7 4 «

s.

834-14 80-7
* 834 -* 80-4
1
■ 834-1 80 4
1
4 834-1 8H
-4
4 834-1 80-4
4 834-4 8U
-4

s.

4 834 4 80
4 834 4 80
1 834 * 86
1
4 834 A 80
4 834 4 84

4 81-4
4 84-4
8* 4-5
844-5
844-5

4 804
■1 804
804-7
864-7
104-7

814-5
844-6
844-6
844-5
814-5
844-5

804-7
804-7
804-7
804-7
804-7
804-7

g.
S

S

814-5 804-7
814-5 04-74
4 834 A 86 844-5 87-4
4 834 4 80 844-5 87-4
. 34-4 80-4 814-5 87-4
3
834-4 80-4 814-5 37-4
S.
834-4 80-4
834-1 80-4 4 844 -5 87-4
4 844 87-4
S.
834-4 80-4 4 844 4 8?4
4 814 4 874

s.

Novem ber

December.

00 d. Sight’ 00 d. Slgnc.
s,
814-5 874-3
S
8* 4-5 874-8 4 85 A <846
4 36 A
Sv
844-5 874-8 4 85 * 88-4
*- 85 4 88-4
Holiday.
4 814 874-8 4 85 4 38-4
18 1 4 874-8 4 85 A 38-4
8.
4 844 874-8
4 844 874-8 844 -5 88-4
8 *4 5 4 88
8.
1-4 874-3
4 844 874-8 84 8* -4 874-8
1
4 87-4
4 8*74 4 8H w l 4 87-4
8* 4-5 4 88-4 834 ' 1 87-4
1
8* 4-6 A 88-4
s.
844-5 4 88-4 834 -4 87-4
* 8* 4 87-4
8.
A 85-4 884-9 4 84 A
1 8 5 4 884-9 4 8* * 87-4
■1854 834-9 4 81- 4 87-4
4 864 884-9 4 8* 4 87-4
S.
* 854 884-9
* 8 5 4 884-9 4 84 4 87-4
A 8A 4 87-4
S.
84^-5 88-8J? Holiday.
A
1
< 84-4-6 4 88 4 84 * 87-4
1
4 85 * 884 4 9*- 1
4
Holiday. 4 84->
b
S.
4 85 4 884
4 85 1 884 4 84-4 87-4
4 84-4 87-4

4 35 4 874 4 85 4 874 4 854 4 89 ' 4 S5 4 884
4 86 4 s e y 4 854 4 89 4 864 4 89 4 86 4 884 A804 4 89
4 834 4 86 4 844 4 874 4 834 4 87
4 85 4 874 4 834 4 86
4 854 4 89 A 85 4 884 4 854 4 884 4 854 4 88
* London Exchange closed.

ITEMS A B O U T BANKS. B A N K E R S AND T R U S T C O ’ S-

—The auction sales of bank stocks this week aggregate 111
shares. The transactions in trust company stocks reach a
total of 104 shares. No sales of either class have been made
at the Stock Exchange. In the “ curb” market bank and
trust company shares have been neglected and no dealings
have been reported,
Mhares.
B a n k s —.Veto York,
Price.
10 Am eiiean Exeli. Nat. Bank.. . 285*-2
56 Fourth National Bank............ 241*3-242
10 Hamilton Bank....................
175
30 Merchants’ Exob. Nat. Bank.
155
5 New Amsterdam Nat. B ank...1,410
T r u s t Co m p a n ie s —V eto York.
65 America, Trust Co. o f............ 270
29 Farmers* Loan & Trust Oo___ 1,500-1501
10 Morton Trust Co.................... 1,196*8

L a s t previous sale.

Dee.
Deo,
Deo.
Deo.
M ay

15)01— 289*4
1901— 245
1901— 169
1 9 0 1 - 158*2
1901-1,425

Dec. 1901— 275*4
May 1901-1,495
Deo. 1901-1,196

—The dividend of 10 per cent paid Jan. 2 by the First
National Bank of this city is the first distribution on the new
capital of $10,000,000 as increased from $500,000.
—Another addition to th9 list of dividend payers in this
city is the Liberty National Bank, which this week de­
clared its initial dividend of 5 per cent, payable Jan. 2. The
company started in 1891 with a capital of $500,000 and no
surplus. In the interval since then a surplus of $776,700
(as shown by the statement of Dec. 10, 1901), has been accu­
mulated, profits having been devoted to this purpose instead
of to the payment of dividends.
—President Ashbel P. Fitch, of The Trust Company of
America, in his report shows that at the close cf business
Dec. 31, 1901, the undivided profits increased this year from
$245,894 to $419,845, and the deposits increased from
$12,584,286 to $17,486,038,
—W illiam Salomon and Robert Waller Jr. have formed
a copartnership under the firm name of William Salomon &
Co,, to conduct a general banking business. The firm has
authorized Alonzo Potter to sign the firm name by power of
attorney alone, and G. Elliotte Little and Archibald Harrr
son to sign jointly. The new firm have spacious offices at 25
Broad St. Mr. Waller, who is a son-in-law of John A,
Stewart of the United States Trust Company, is the Stock
Exchange member. Mr. Potter is a son of Bishop Potter,
and has for a number of years been in the stock and bond
department of J. P, Morgan & Co.
—The Fidelity Trust Company of Newark, N. J., has,
through the purchase of more than two-thirds of the capital
stock, secured control of the Second National Bank of N ew ­
ark, The plans of the Fidelity, while not matured, are said
to include also the acquisition of the Merchants’ National of
Newark and one other financial institution, with the ultimate
object of combining the three,
The directors of the Fidelity Trust have already recom­
mended to the stockholders, to be acted on at their meeting
on the 14th of this month, an increase in the capital from
$1,000,000 to $1,500,000. It is planned to issue 5,000 new
shares, par value $100, these to be sold at $500 per share. The
additional $2,000,000 (above the amount to be added to
capital) will be added to the surplus account.
—Mr. Benjamin Seymour Guinness, a member heretofore
of the banking house of Guinness, Mahon & Co,, of Dublin

and London, and Mr. Walter T. Rosen, heretofore a member
of the law firm of Underwood, Van Vorst, Rosen & Hoyt,
have been admitted as general partners to the banking firm
of Ladenburg, Thalmann & Co.
—In its statement to December 31, 1901, just issued, the
Mississippi Valley Trust Company of St. Louis makes a
flattering showing. An increase is disclosed of over four
million dollars in deposits since December 31 1900, the tota*
now being $18,665,991, against but $14,178,132. A fter paying
dividends of $315,000 during the twelve months, the undi­
vided profits have been almost doubled, rising from $423,213
to $802,546. Mr. Henry C. Ihbotson was recently elected
Third Assistant Secretary of the company.
—The Girard Trust Company of Philadelphia, in its state­
ment to December 31, continues to show a splendid record of
prosperity. The company, it w ill be remembered, increased
its capital and surplus several months ago, so that the com­
bined amount of these items is now $10,000,000. Its deposits,
which in May 1901 were but $18,012,043, are at the present
time $21,733,847. Aggregate resources now are $32,416,090,.
comparing with $25,698,787 at the earlier date.
—Edward B. Smith & Co. have admitted Mr. Edward S. I.
McVickar of New York to membership in the firm.
—Among[the instances of growth in the business of trust
companies mention should be made of the Fifth Avenue
Trust Company of this city. This insiitntion, which lately
increased its capital and surplus by $500,000 each, had a total
of nearly $12,000,000 on deposit on December 81 1901 (in
exact figures $11,909,833), as against deposits of only
$8,594,875 on December 31 1900. The officials consist of
Levi P. Morton, President; Wm. D. Sloane, Vice-President;
Cecil D, Landale, Second Vice-President, and Herbert H.
Swasey, Secretary.
—The deposits of the Merchants’ Trust Company of this
city during the past year have more than doubled, being now
$10,056,953; while on Dec. 31 1900 they were only $4,419,167.
The official staff is composed of Edwin Langdon, President;
James E, Reynolds, Vice-President; John B. Grant, Secre­
tary and Treasurer, and Fred, P. Davis, Assistant SecretaryTreasurer.
________________________
Clearings by Telegraph.—Sales of Stocks, Bonds, Ac..—
The subjoined table, covering clearings for the current week,
usually appears on the first page of the Chronicle , but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities.
C le a rin g s — R e t u r n s by T & lso ra p h .
tV eck E n d in g J a n u a r y 4.

19C8,

1901.

Slew Y o r k ...,,,,,.,......... ........ .
Boston.........................— ..................
Philad elph ia....... .....................
B altim ore............ ....................
C hicago.......................... ..................
3t. L o a ll..................... ......................
STew O r le a n s .......................

$1,805,814,010
m ,m ,3 S 7
S7,S*6,014
#0,130,065
181,515,415
45,608,6*8
10,070.477

$1,2?1,071,901
1S0.87S.-US
S0,SO7,6CS
18,708,801
119,018 #46
84,708,848
0,8$l,?(H

- in
-fi-8
f 10 8
-HO »
H0*8
*15-S

Seven cities, 6 days.....................
Other oltles, 6 days.......... ...... ..........

$1,858,? 03.876
848,008.970

$1,070,080,51*0
885 011,708

*0*4
48-0

T o ta l all c itie s ,S d a y s ,.................
i l l cities, 1 d a y . . . . . . . . . ............

$1,085,808,881
400,011,018

$1,901,041 SsO
450,6 24 5 U

4 VS
40'S

T o ta l a ll cities fo r w e e k .. ..,......

$#,386,810,509

$8.86 \608,9113

4-19

P. C t n t

EXPORT* A ID IMPORTS OF HPEOfft AT NKW YORK
.B

N e w Y o r k c it y C le a r in g H ouse B u n k s .— W ee k Dec. 28.

BANKS

Capital. Surplus

Loans.

B vtcit.

Lsgals.

P. C
.
0
$
% n
Bank ol N. Y.--. 2,000,0 3.218.1 17.805.0 2,812,0 1.491.0 17.139.0 251
Manhattan Co... 2,050,0 2.108.4 22.691.0 5.335.0 2.102.0 20.962.0 27*8
Merchants'...... 2,000,0 1.178.4 12,180,6 2.080.1 1,137,5 13.707.0 23 0
Mechanics’ ...... 2,000,0 2,394,8 12.904.0 1.684.0 1, 100,0 12.722.0 210
America.......... 1,500,0 8.177.5 18.900.6 2.822.4 2.510.3 21, 011,2 25-4
318.0 4.270.0 *2
6'0
776.0
273.5 4.491.0
Phenix............ 1,000,0
City................ 10,000,0 6.608.3 111.211,0 22.919.0 6.690.0 121,090,0 24 3
24.237.8 4.683.7 2.472.4 24.330.0 29 4
Chemical.........
300,0 7.047.7
028,3
6.495.0 249
741.8
281.5 6,186,3
Merchants’ Ex..
000,0
803.4
737.4
0,035,0 *241
Gallatin........... 1,000,0 2.004.8 8.490.8
311.8
1,650,4 25*3
81,9
88,3 1.276.7
Batch.A Drov’s’
800,0
686.0
130,4 2.921.0
255.0 3.627.0 23*1
Mech. A Traders’
400,0
127.2
111,8
175.8
747,0 819
860.4
Greenwioh.......
200,0
0,230,3 82*7
143.7
517.3 6.430.2 1.896.7
Leather M’f’rfl.
800,0
340.2 4.041.3 20*1
787.5
18,5 5.233.2
'Berenth Natlon’l 1,700,0
762.2
276.6 4.117.3 251
540.4 6.369.9
State of N. Y - - 1,200,0
4.484.0 1.277.0 21.990.0 261
Amerioan Exoh. 5,000,0 3.318.4 28.601.0
Commerce..... . 10,000,0 7.155.7 08.872.8 9.116.8 0,089,3 58,707,6 25*9
382.8 5.642.9 19*3
088.7
Broadway........ 1,000,0 1.638.3 8.702.2
Mercantile....... 1,000,0 1.386.5 14.030.3 1.511.9 1,097,9 14,192,4 22*0
804.0
3.432.6 20*9
519.6 2.016.8
416.1
Paoiflo.............
422,7
949.3
822.1
997.2 6.975.7
0,178,8 28*0
Chatham..........
450,0
680.8 3.018.9 81*0
257,4
363.6 2. 111.1
People’s...........
200,0
1.106.7 11.208.8 1.201.5 1.211.3 10.922.0 22 6
North America.. 1,000,0
7
Hanover.......... 3,000,0 5.641.2 45,788,2 9.194.5 6,231,2 61.024.3 *2 *9
472.5 4.436.0 22*5
628.3
491.8 4.369.0
Irving.............
500,0
24*7
298.9
0,210,7
404.0 6.058.7 1.239.3
Citizens’..........
600,0
438,C 3.071.8 230
270,2
289.4 2.548.9
Nassau...........
500,0
0,271,1 206
888.6
1.038.5 6.006.7
783.1
Market A Fulton
900,0
280.7
082.9
228.2 3.552.9
3.928.3 24*5
Shoe A Leather. 1,000,0
Corn Exohange.. 1,400,0 1.852.0 22.761.0 4.284.0 2.687.0 27.433.0 25*0
487.3 2.170.0 30 5
177,1
415.4 2.005.0
Oriental...........
300,0
Imp’t’rs’A Trad. 1,500,0 8.224.9 23.204.0 4.185.0 1.288.0 21.258.0 25*7
Park............... 2,000,0 4.080.0 48.225.0 14.840.0 3.755.0 02.098.0 29 0
243.5
1.605.2 28*0
206.9
163.0 1.327.1
250,0
East River......
Fourth............. 3,000,0 2.615.5 20.098.6 3.709.7 2.352.5 22.799.0 26 6
601.7 10.678.0 2.050.0 1.497.0 13.409.0 20*3
Central............ 1,000,0
Second.............
300,0 1,062,0 8.991.0 1.532.0 1.151.0 10.009.0 20*8
30,9 78*3
17,1
50,0
360,7
11,8
Ninth...............
750,0
First................ 10,000,0 11,354,4 73.746.4 15,067,8 2.052.8 08.032.2 24*9
412.6 4.002.7 20*0
047.8
336.9 4.343.5
N.Y.Nat’lExoh.
500,0
340.0 3.014.0 20*6
408.0
759.9 3.332.0
Bowery............
250,0
330.0 4.291.9 23 0
660.4
3.913.2
598.4
N. Y. County....
200,0
3.216.7 25 9
205.2
571.0
416.8 3.299.1
German Ameri..
750,0
Chase............... 1,000,0 2 , 6 8 8 ,0 41.241.4 10.788.1 1.997.5 49.809.4 25*6
9.914.8 25*9
237.3
Filth Avenue...
100,0 1,424,1 8.855.0 2.337.0
3.068.9 34*1
209.9 1.042.4
586.7 2.238.6
German Exoh...
200,0
651.4 4,659,8 20*6
411.8
830,3 3.007.9
Germania........
200,0
1.037.9 12,955,8 1.745.4 2.226.0 15.398.4 26*7
300,0
Lincoln............
404.9 7.734.0 26*5
Garfield........... 1,000,0 1.204.8 7.385.7 1.593.8
2.282.7 21*0
218.4
261.5
375.7 2,262,6
Filth...............
200,0
054.3 8.759.8 26*3
BankolMetrop
300,0 1,153,7 7.428.1 1.051.5
345.0 2.922.0 26*2
422.0
451.0 2.738.0
West Side........
200,0
500,0 1.037.4 11.870.0 1.928.0 1.213.0 13.037.0 23*3
Seaboard..........
Western........... 2,100,0 2.548.5 36 . 002.1 9.350.9 2.401.1 43.173.2 27*3
514.0
809.0 4.562.0 29*0
540.7 4.182.0
1st Nat., B’klyn.
300,0
425.0 0,430,5 25*0
776.7 6.601.8 1,190,8
Liberty............
500,0
354.4 4.234.3 26*5
768.9
420.8 4.251.2
N. Y. Prod. Ex.. 1,000,0
659.8 7.608.1 1.028.6 1.310.9 8.995.0 20*0
NewAmsterdam
250,0
276.6 4.064.0 23 3
070.4
430.9 4.141.1
Astor...............
350,0
443.4
107.1 2.064.9 2J*7
382.5 2,786,0
Hide A Leather.
500,0
Total.......... 83,622,7 1004190 857,900,2 1030182 71,990,0 910,869,8 25*8
E n g l l s k F i n a n c i a l M a r f e e l i - P © r Cable®
Sat.

i f on.

Silver, per ounce......d. 2£Hi0 2£Hle
94
Consols., new. 2 % p.cts. 94*6
94
For account.......... .
94*8
I^ o h rentes (in Paris) fr. 100 35 00*07%
Bpanlsh 4e................... 76%
77
63s
Anaconda Mining.......
6%
82
Ateh. Top. < Santa Fe.. 82
fe
Preferred................ 1043s 104%
Baltimore < Ohio....... 107 % 107%
fe
Preferred........... .
96%
97%
1163± 1163Q
Canadian Pacific.
Chesapeake & Ohio___ 48 H
48%
24%
Chica. Great Western.. 25
Chic. Mil. & St. Paul... 169% 169%
Den. & R io Gr.,com.,.. 45%
45%
Do
do Preferred. 973g x95
4258
Erie, common ............. 423q
let preferred............ 75*3
75%
2d preferred............. 61
61%
Illinois Central.......... . 142% 142%
Louisville & Nashville.. 1095a 1C9%
27
26
Mexican Central........
Mexican National....... 14%
1514
Mo. Kan. < Tex., com.. 26*3
fe
26%
54
Preferred................ . 54%
W. Y. Cent’l & Hudson.. 17H*
171%
N. Y. Ontario < West’ll 35%
fe
35%
Norfolk < Western...... 58%
fe
5 %
Do
do
pref. 94%
93%
102%
Northern Pacific, pref.. 102
765q
Pennsylvania.............
76%
27%
*Phlla. < R ead ..........
fe
27%
*Phlla. < Read, ,1st pref. 42
fe
42

lues.

Wed,

25%
98151
6
92151
6
ICO 2d
77%
6%
81%
104 %
107%
97
116%
48%
24%
168%
45%
98%
43%
76
625q
142%
109%
26%
15
26%
53%
171
35%
58%
93%
102%
76%
29%
42%

r\
M
O
P
O
w
a
0
£
w
0
X
C
d
M
c
r

Exports.

lit •

Gold.

Deposits strvt

$

$

LONDON.

29

THE CHRONICLE

J a n u a r y 4, 1902.]

Than.

Fri.

251316 26%6
931^16 94%
9413lfi 94%
100 25 00*42%
77%
76%
6%
6%
825s
83%
105% 106%
108% 109%
97%
98%
118%
117
49%
48%
25
25
172%
170
47%
46%
96%
98%
45%
45%
77
77%
64%
63%
142% 144%
110%
110
27
28%
14%
15
27%
26%
543e
54%
173% 172%
3638
37
595a
60%
93%
93%
102
102
77%
77%
29%
29%
42%
42%

Week.

Great Britain........
France...................
Germany__________
West Indies...........
Mexico..................
South America......
All other countries.

Imports.

Since Jan. 1

$..........
100,150
61,243
2,000
7,000

$1,764,851
33,206,520
13,277,221
903,665
55,868

I mports a n d E xports for t iie W e e k .—The following are
the imports at New York for the week ending Dec. 26:
FOREIGN IMPORTS.

1900.

1899.

1898.

$1,945,772
9,277,562

$1,832,284
7,618,358

$1,933,046
7,639,845

$9,450,642

$2,726,881
9,603,657

::::::
15,560

1,041,515
1,114,500

78,551
3,080

$176,393 $51,364,140
46,175 47,707,079
4,914,970 37,497.625

Total 1901.......
Total 1900.......
Total 1899.......

$97,191
32,913
54.125

$4,839,805
10,639,050
14,2 <53,395

Exports.
Silver.

Imports.

Since Jan. 1

Week.

Great Britain.........
fra n co...................
Germany...............
vVest Indies...........
Mexico..................
South America......
411 other countries.
Total 1901.......
Total 1900......
Total 1899.......

Since Jan. 1.

Week.

$877,465 $47,006,261
697,495
3,140
975
256.726
45,000
66,250
24,431
3,09)
51923.440 $48,057,394
1,354,907 53,832,811
903,772 46,872,350

353
5,080
6,352
$11,785
44,102
135,566

$91,847,603
336,228,132

Total 52we«k*i {558,630,489 $532,037,885 $515,745,538 $428,075,735

1901,

1000.

For the week.
Prev. reported

$8,638,021
500,437,780

$8,036,482
530,230,499

1899.

$3,586,331
4,581,530
4,087,662

Capi­ Sur­ Loans 6
Leo. T Deposi t.with
.
tal.
plus. Invest­ Specie. A B ’k Olear’g Other
.
ments.
Notes Agent. Bks.Ac

BAN K S.
( 00 s omitted.)

Niw York u it y
Borough of
Manhattan,
Colonial....
Columbia...........
Eleventh Ward...

Net

$
100,0
300,0
100,0
100,0
Gansevoort»....... 200,0
Hamilton.....,,*,. 200,0
Mount Morris..... 250,0
Mutual...,. . . . . . . v 200,0
Nineteenth Ward. 200,0
Plaza.,...,*,...... 100,0
Riverside.......... 100,0
100,0
State....................
Twelfth Ward...o . 200,0
100,0
200,0
Union Square.
100,0
YorkviUe.......
100,0
200,0
Fidelity
100,0
V a rio k .........
200,0
Jefferson o....
. 100,0
Century.....
9 100,0
. 1000,0

4
148,4
228,1
130,7
82,9
27,9
102,5
70,5
167,3
151,0
210,7
129,1
318,0
55,0
76,5
360,2
231,1
32,9
94,0
59,3
55,3
61,3
98,2
200,0

t
1863,0
2301,0
1573,5
1154,0
1257,7
1651,0
2320,4
1682,9
1635,8
2889.0
1043,9
3983,0
1355,0
1018,3
2099,2
1420,9
703,0
449,5
740,1
843,8
223,9
320,7
1159,1

Z
58,2
252,0
62,4
47,8
24,8
115,7
122,3
34,1
23,5
132,0
19,5
378,0
40,0
42,3
44,4
30,2
10,7
13,0
4,6
10,3
7,7
9,8
62,1

1
148,3
119,0
61,1
50,7
68,9
115,0
101,0
122,5
183,3
197,0
70,1
187,0
157,0
98.2
209,0
144,8
45,0
26,7
06,7
95,5
18,5
11,6
85,7

Z
$
$
180.0
2015.0
3,6 2071.0
203.0
311,6 75,0 1959.4
251,9
1335 1
142,0 17,0 1385 0
136,4
5,0 1764,3
201,9 52,4 2830.2
224,7
3 1592.3
294,9
0,0 1881 3
182,0
2727 0
64,7
1 42 8
200,0 525,0 5C03.0
115,0
1720 0
02,2 48,3 1156.1
397,8
2749 3
114,7
10,0 1330.0
09.4
12,3
711.7
420.5
69,7
152,8
4 828.7
202,6
6,3 990.0
23,0
118.6
40,4
180.0
25,8
.... 632.0

. 150,0
’
Bedford........
Broadway........ . 100,0
. 300,0
Brooklyn..... .
th Ward,.., , 100,0
Avenue,,. , 100,0
Kings County... . 150,0
. 252,0
. 500,0
Mechanics.
’ 100,0
Merchants’.........
Nassau National. . 300,0
National City.»... . 300,0
North Side..........
Peoples..............
a 100,0
. 200,0
. 100,0
Union.......... .
Wallabout....... . 100,0

127,0
180,2
100,5
33,2
77,4
02,2
405,7
359,8
187,6
27.1
347,6
582,4
144,8
120,1
78,5
248,8
50,8
03,8
61,2

1228,3
1686,8
1102,9
370,4
609,5
689,2
2882,1
3900,0
980,0
689,0
3517,0
2922,0
970,6
910,4
538,3
1130,6
548,9
806.0
805,5

13,5
2i,7
59,2
13.3
40,8
32,5
337,7
171,3
17,6
9,C
191,0
145,0
13,5
45,0
8,6
112,2
12,0
28,9
34,9

89,0
109,3
29,3
25,8
35,4
23,7
178,2
163,6
55.6
68,0
311,0
351,0
53,2
61,2
49,8
19,0
21,7
67,9
30,3

129,5 100,5 1341,6
231,5
1947.0
125,5
4,0 1044.0
41,8
1.0
350.8
68,3
10,5
629.5
88,4 35,9
735.4
374,2
3418.5
272,3
4230 5
5,4 924 4
84,7
94.6
762.2
547,0 31,0 3934.0
321,0 86,0 3285.0
5L,0 24,7
882.6
38,3 52,3
901.1
03,7
607.1
17,4
102.0 30,0
978.0
70,7
2 4 564.4
61.7 55,8 725.0
33,7
35,7 779.3

25,0
100,0

68,4
88,4

577.8
090,3

20.7
32,3

400,0
250,0
250,0
200,0
no,o
125,0

042,0
008,5
308,C
243,0
482,7
110,C

K

B orou g h o f
R ic h m o n d .

Other Citits.
ist Nat., Jer. City .
.
Hud. Co. Nat., J.C>
2d Nat., Jer. City. .
3d Nat., Jer. City. .
i.
.

28.8
93,3
20,0 105,1

12,5

—

646.0
674.7

4861.8 291,2 244,6 1057,7 759,7 6755,8
87,8
78,0 133,1
76,1 1903.3
1118,9 79,4
13.4 357,2
1103.3
1046,2 44,0
72.9 452,0
35,6 1335.2
2224,7 108,7 25.6 130.5
13,3 1953.3
992.4 28,1
22,8 43,0
3,0 804.7

Totals Dec.
. 9002,0 9051,5 73069,9 3535,8 4748.8 958) ,5 2159.4 80199,0
Totals Dec.
. 9062,0 9051,5 73274,3 3379,5 4440,1 9431,8 2019,5 79541,7
Totals Dec. 14. . 9062.0 9400.1 73147,7 3410.0 4047,4 9778,7 1889.9 79884,3
B a u h itifl

Spencer

a n d

Ifit u m c ia l.

Trask

BANKERS,
-

6c

Co.,
NEW YORK

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
SEC U R ITIE S-

Members N. Y Stock Exchange.

Branch Office, 07 State St., Albany

G eo rge B a r c l a y M o f f a t .

A l e x a n d e r M. W h it e J r ,

M

o f f a t

& W

BANKERS,

h i t e

,

Members New York Stock Exchange,

No. 1 N A S S A U S T R E E T ,

_________ I N V E S T M E N T

-

NEW YORK.

S E C U R I T I E S . __________

Tracy 6c Co., Bankers,

EXPORT* FROM HEW YORK FOR THE WEEK.
Week ending
Dec. 30.

$25,283
4,720
223
289,301
2,605.206
603,077
38,461

R e p o r ts o f N o n -M e m b e r B a n k s ,— W e e k E n d in g Dec. 28.

19,577,991

Total....... *12,330,538 $11,223,334
Since Jan. 1.
Dry Goods— $108 006,192 $113,125,676 $103,565,692
GenT mer'dlse 450,630,277 418,912,209 412,179,846

$244,196
1,178,858

$ ..........

1,825 267
460,185
1,037,71 1
93,615

IN V E S T M E N T
1901.

D ry Goods....
Gen’l meT’dlee

Since Jan. 1.

27 & 29 P I N E S T R E E T ,

Price per share

F or week.

Week.

1898.

$9,020,573
$7,544,258
457,946,740 462,705,872

Total 52 weeks $509,075,801 $538,266,981 $460,967,313 $470,250,128

No. 4 0 W a l l S tr e e t * N E W Y O R K .

CHICAGO.

Connected by private wire.

MILWAUKEE.

D ealers In llig li G ra d e B on ds.
List of Current Investment Oferlngs sent on Application.
UAmKaru 5New York 8tock Exchange.
Com ml union O rd e rs
o noers j
Exchange.
E x e c u t e d In all M arket*.

THE CHRONICLE

30
M n x x h tx s 7

s*

(Saj&ette*
t i N 1) S .

ttttiSviiM (M
jni. il

B o o k s O lo t e d .
(B a y s In c lu s iv e .)

r*r
W hen
G e n t P a y a b le

Same of Company

ja i
g

1%
B e lt B E . < fcjtfa Y d *., l u l l , com. (q u ,).
fc
2% Jan
do
do
do
do
p r o f..- .- ,..
Burl, C edar Kupul.T ,i6 N o r th e r n ..... ......
F eb
l
F eb
do
do
do
(b x ll'ii)
OUic. B u rlin g to n & Q u incy (q u a r.) ......
i \ Jail
L it tle S c h u y lk ill N a v , it u & Goa).......
A h an
i idA
2 H Jan
i
B ook Is la n d & P e o r ia ..............................
D ec
a
W r ig lits v U le A T r im Ills , cum A p f . . . .
" i r e e t U a ile r a y s .
D a yton & W e st. T ra ction , pref. (q u .)...
i q Jan
F a ir haven & W e s tv ille , N . H a v e n (qu.)
i q J an
3 Jan
G reen & C oates Sts. H u la. P a ss. (q u .).
4
Jan
H o ly o k e (M a ss.) St. B y ...................... ..
Jan
L o u is v ille (K y . ) B y., conn (q u a r .)........
i
3 Jan
M a n ch ester ( N . H .) Trao., L t . & P o w e r.
M a rk e t St., San F ran cisco (q u a r .)........ 60e. Jan
N e w London (C on n .) St. B y , , ..............
2% Jan
N e w O rlean s C ity B K ., p r e f..................
2% Jan
3 Jan
M oith C hicago st. B y., guar. (q u a r.)...
P h ila d elp h ia O lty P a s s e n g e r ,................ $3 75 Jan
1 J an
R o c h e s te r (N . Y . ) B y . p r e f............. .
T o ro n to (C anada) By. (q u a r .)........ , ___
i q Jan
Jan
U n ite d P o w e r ife T ra n sp orta tion , Phlla.
U n ite d B y., St. Lou is, prof, (q u a r.) —
i q Jan
U a u k s.
8 Jan
F ift h N a t io n a l...........................................
5 Jan
L ib e r t y N a tio n a l......................................
T w e lft h W a r d . . . ........... ..........................
3 Jan
m is c e lla n e o u s .
A m e r ic a n C ar & F ou n dry, com. (q u .)..
% F eb
l% ,F e b
do
do
do
pref. (q u .)..
A m e ric a n P n eu m a tic S ervice, pf. (qu.)
i% A im
Jan
B ou rbon S tock Y a rd s (qu ar.)
i%
$10 Jan
C alu m et & H e c la M in in g ... ... .
3 Jan
C olum bus (O .) Gas L . & H ea t., c o m ___
4
Jan
H a r tfo r d G a s...................... .....................
1 U an
In te r n a tio n a l B u tton h ole S e w ’ g M ach
M o n on g a h ela E lv e r Con.Coal& C oke.pf.
a q Jan
2 Jan
R e e c e B u tton h ole M a ch in e (q u a r.)......
Standard U n d e rg ro u n d C able (q u a r .)..
2 Jan
2 Jan
do
do
do (e x tr a )..

1 I a n ' i T " to
to
1 Jan 11
1
to
10 Jan 3
to
1 Deo 21
24
1
2
7
1
1
15
10
2
10
15
10
1
2
20
10

Jan
Jan

Jan

to
Deo 27
Dec 23
to
Holders of reo.
to
Deo 31
Jan
Jan

to
to

1
7

9
2

2

Deo
Deo
Jan
Jan

31
31
6
10

Jan 10

Holders of reo. Jan 11
to
Deo 29
Jan 10

to

2

Jan 11
Jan 11
Jan 5
Deo 27
Holders
Holders
Holders
Holders
Jan 2
Holders
Jan 4
Jan 4

Jan 14

to
to
to
to
of reo.
of reo.
of reo.
of reo.
to
of reo.
to
to

Feb
Feb
Jan
Jan
Dec
Jan
Deo
Jan
Jan
Jan
Jan
Jan

2
2
20
1
31
7
26
4
14
4
10
10

3. 1902.-5 % iii.
tation.- The firmThe Money Market and Financial
ness that characterized the security markets during the last
days of the old year has increased and is supplemented by a
broadening tendency. The latter is especially noticeable
in the bond department. Railway bonds to the amount of
over $4,500,000, par value, were traded in on Thursday, the
list of which is a long one. A feature o f the stock market
during the week has been unusual activity of the anthra­
cite coal shares. There was a special demand for Erie and
Reading issues, the transfers of which have been on an
enormous scale. The advance in this group of stocks, re­
ferred to more specifically in our review of the stock mar­
ket, does not seem to be wholly accounted for by the pres­
ent condition of the coal trade, excellent as that is, and
future developments are awaited with interest. The up­
ward tendency of the markets has no doubt been held in
check somewhat by a firm money market. Call loan rates
have run up to 10, 12 and 15 per cent, a fact due probably
to the Jan. 1st settlements, as time money has been in fair
supply around 5 to
per cent, as w ill be seen below.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 5 to 15 per cent. To-day’s rates on call were 5 to 8
percent, Prime commercial paper quoted at o@5% per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £528,675, and the percent­
age of reserve to liabilities was 33*03, against 40*60 last
week; the discount rate remains unchanged at 4 per cent.
The Bank of France shows a decrease of 14,700,000 francs
in gold and 5,100,000 francs in silver.
N E W Y O R K CITY. CLEARING-HOUSE BANKS.

1901
Dec. 28

Differences
from
previous week

1900
Dec. 29

1899
Dec. 30

$
74,222,700
92.257.500
796.457.200
31,040,800
854.189.200
161,719,700
63.353.500

$
59.422.700
80.980 200
673,689,400
16.042.700
740.046.900
143.496.900
52,682,900

225.073.200
213,547,300

196,179,800
185,011,725

7,891,350 Ino 2,106,025
Surplus reserve
11,525,900
N ote.—R eturns ol separate batiks appear on page 29.

11,168 075

$

Capitol..... . .. . . . .
Surplus . . . . . . . ___
Loans & discounts
Circralation..........
N et deposits......
Specie............. .
Legal tenders.....

$
83,622,700
100,419,000
857.960.200
31,866,100
910.869.800
163.618.200
71,890,600

Reserve held.......
Legal reserve......

235.608.800 Ino
227,717,450 Ino

Ino
954,800
Deo
73,200
Ino 6.773,500
Ino 2,569,400
Inc 1,230,000
3,799,400
1,693,375

Foreign Exchange.—The market for foreign exchange
has been firm, but owing to high money rates the demand
was not urgent and the volume of business has been
limited.
To-day’s actual rates of exchange were as follows: Bankers’
sixty days’ sterling, 4 84(34 84J^ ; demand, 4 87@4 87^;
cables, 4 87%@4 87%\ prime commercial, sixty days, 4 83^(a>
4 83%; documentary commercial, sixty days, 4 83@4 84;
grain for payment, 4 83%@4 84; cotton for payment,
4 83(5)4 83%; cotton for acceptance, 4 83%@4 83%.
Posted rates of leading bankers follow:
January 3

Sixty Days

The following were the rates of domestio exchange on
New York at the under-mentioned cities to-day; Savannah,
buying 75c. discount, selling 75o. premium; Charleston,
buying 1-16 discount, selling 1-16 premium; New Orleans,
bank, par; commercial, $1 25 discount; Chicago, par; St.
Louis, par; San Francisco, 7%e. per $100 premium.
United States Bonds.—Sales of Government bonds at the
Board include $25,000 3s, reg., at 108J^; $40,500 3s, coup., at
108% to 108%; $100 ditto (small bonds) at 108; $10,000 4s,
coup., at 111%; $4,000 4s, reg., 1907, at 111%, and $10,000
4s, coup., 1925, at 139%. The following are the daily closing
quotations ; for yearly range see third page following.
Interest
Periods

to

Deo 19

2
2
10 Jan
1
1
20
2
29
21
2
16
15
15
10
10

Jan 24
Jan 24

[V o u L X X 1 V .

Demand

Prime bankers’ sterling bills on London.
4 84q
4 87%
Prime commercial.......... ....................... 4 83q ®4 83%
@4 84
Documentary commercial...................... 4 83
Paris bankers’ (Francs)......................... 5 18%*® 5 18% 5 i e q m i 6 V
Amsterdam (guilders) bankers...............
40%*
40q
40
® 40ha
Frankfort or Bremen (retohm’ks) bankers 94i»i8® 95
95% ® flSLs
* Less %s.

Dec.
28

Deo.
30

Deo.
31

Jan.
1

Jan.
2

2s, 1930.......... registered Q —Jan *108% *108% 108%
*108%
2s. 1930........
Q —Jan *i09 q *io o q *100%
*108%
_____
1930
registered .... .. .. ...... _____
2s. 1930 .small___coupon .. .. .. .. _____
3 1918........ registered Q—Feb * 1 0 8 % *io a q *108%
s.,
*®07%
Q —Feb *108% 108% *108%
3a, 1918_____
<
*108%
*
3a, 1918, small, reflate rail Q —Feb _____ f
R
8a, 1918, small___coupon Q—Feb *108 *108
108
*108
4s, 1907....... registered Q —Jan *111% 111% *111%
*111%
c
Q —Jan *112% *112% *112%
4s, 1907.......
b *111%
ij
4s, 1925........ registered Q—Feb * 1 3 9 q ‘ is o s *139%
*189%
4s, 1925.........
Q —Feb *i3 9 q *130% 139%
*130%
5s, 1904........ registered Q —Feb *107q * 10 7 q *107%
*107%
Q —Feb *107% *107% *107%
6a 1904........
*107%
‘ This is the prioe bid » t the morning hoard: no sale v m made.

Jan.
3
*108%
*108%
*107%
108%
*108
*111%
*111%
*189%
*189%
*107%
*107%

State aud Railroad Bonds.—No sales of State bonds have
been reported at the Board this week.
As noted above, more attention has been given to the mar­
ket for railway bonds than for some time past. There are
indications of a better investment demand and a broaden­
ing tendency, which w ill no doubt beoome more conspicu­
ous when the January disbursements have been completed
and the money market is easier. There has been practically
no exception to the general tone of the market and no
special features except in the matter of activity—the ex­
ceptions in this particular including Baltimore & Ohio, Con­
sol. Tobacco, Erie, Mexican Central and Union Pacific issues.
Stock and Bond Sales.—The daily and weekly record o f
stock and bond sales at the various stock Exchanges, for­
merly given on this page, has been transferred to a place by
itself. It w ill be found to-day on page 37.
Railroad and Miscellaneous Stocks.—The stock market
was decidedly irregular and quotations fluctuated widely on
Monday. A sharp upward movement of the anthracite coal
stocks on Tuesday gave a strong tone to almost the entire
railway list. The movement referred to continued on Thurs­
day and carried Lackawanna up nearly 11 points, Central
of New Jersey and Reading about 6 points and Delaware &
Hudson 3% points. Baltimore & Ohio, Erie and 8t. Paul
followed with an advance of about 3 points, Rock Island 5
points, and a considerable list of active shares advanced
from 1 to 3 points. Hocking Valley active and declined
neai ly 3 points, a part of which it has recovered.
American Sugar Refining has been very active and fluc­
tuated rather widely, closing with a recovery of 14 points
from the low record of last week. Amalgamated Copper
has continued to be an active feature, but was rela­
tively steady. Tennessee Coal Iron & Railway has been de­
cidedly strong and the United States Steel issues close with
a substantial net gain.
Outside M arket.—The market on the curb, though some­
what dull just before the New Year holiday, has had a lto­
gether a fairly active week, to-day’s business being espec­
ially large. Prices in most instances have fluctuated only
fractionally and few of the securities show any decided
change compared with last Friday’s figures. Northern Se­
curities has been the most prominent stock dealt in, the
removal of the injunction and the retirement of Northern
Pacific preferred causing a large demand which sent the
price up from 102% to 106%; later there was a decline
to 105%.
American Can stocks have also been in
greater demand than of late, and quotations ad
vanced from 15% to 17 for common and from 57%
to 61 for preferred; closing sales were at 16% and 60%.
American Plide & Leather common rose from 6% to 7% and
the preferred moved up to 38 from 35. Dominion Securities
dropped from 85% to 84% and Standard Oil has been quiet
at 698(5695. Pocahontas Coal sold in large lots to-day at
126@127%~ last week’s closing was at 123 bid. Rapid Tran­
sit Subway Operating Co. sold on Monday at 130. Copqier
stocks have been fairly active, but somewhat irregular,
Tennessee closing at 12% after getting as high as 14 and
Greene Consolidated going to 30% to-day against 33% on Mon­
day. Union closed at 3%, W hite Knob at 19%and British Co­
lumbia at 10. New issues traded in this week were the stocks
of the American Consolidated Pine Fibre Co. at 20@20% for
common and 57% for preferred. Outside quotations will.be
found on page 37.
Auction sales.—By Messrs, Adrian H, Muller * Sou .

Shares.

1 Cert, of Mem. N. Y . Prod.
Exoh (all dues p a id )... $151
65 Trust Co. o f A m erica
270
10 Hamilton B ank..............175
5 N. Amsterdam Nat. B k ..l4 l0
29 Farmers*L. ATr.Co. 1500 I ? 01
>
30 Meroh. Exoh, Nat. Bank.155
66 Fourth Nat. Bank..24183-242

Sha res.

10 Amer. Exoh. Nat Bank USe %

6 North Amor. Trust Co. .272%

10 German American Head
Estate Title Guar. Co . Sit
10 Corporation Liquidating
Co. 7%, p referred ......107%

10 Morton Trust Co....... 1196%

By Messrs. Richard V. Harnett & Co.:
S h a res.

1 Membership N ew

York Produce Exchange______ .___ ..,$108
_

New York Stook Exchange— Stock Kecord, Daily, Weekly and Yearly
O C C U P Y IN G

STOCKS—m a n E S T
Saturday
J>eo. 28
*82
To

102

104
95
65

84
66
80b
102 b
105 h

05
65*8
122 b

•118
•141 145
118b 113*8

85% 85*8
189*4 1903
4
4078 47
$£% 85 b
7 6 b 76*4

185
.ft's . 137
24*8
J1
02b
•8 4 b 85b

JR 76V
SR
70b

104bl05%
•180 190b
•80S

206

Monday
Deo. SO

Tuesday
Dec. 3i

84
34
S3b 33 b
05
05
00
00
79
79b 80 b
80b
101b 102 b
102 102 b
104b 105 b 105 b 107 b
05
94 b 94b
95
04b 65b
64 b 05 b
119 119
fl 19 122 b
141 145
r141 146
l l S b U S b 113b 113b
86
87 b a;85b 80
192 196b 195 195
46b 47
46b 47b
84b 36b
34b 35
70
70b 76b
70
....... 136
135b 130
....... 137
* ....... 187
23b 24
23b 24b
92
02
*9 0 b 92b
♦88
87
*83
87
47b 48b
47
47b
50b 51b
60 b 52b
76
76b
70b 76b
164b 165 b 163b 165b
*188 189b 3189 189b
203 205
205 200

151
150b 153b
1S7 *135 145
187 *185 195
16b *15b 16b
29b 30
31b
97 b 98
08b
nao 122 *118 122
*35
40
45
80
80
*7 7 b 85
14b 15b
15b
60
59b 60
* = , , 28b
28b 28b
176 1777,
1 7 $ bi77
249b252
149b 250
44 b 45
44b 44b
94b 95b
95b 96
*49
“
•49
60
60
•50
60
*50
60
*30
39
•87
89
15 b 15b
88 b 38b
•1 0 b 10b -1 0 b 10b
19
•1 8 b 19b *18
4 1 b 41b
41 b 42b
73b 74
73b 74b
5 0 b 60
59
61b
•58
60b *57
60
88
•84
87 b *83
^
•185
•15 b
•5 0 b
08 b

i & b i85

a n d

183b 184 b

153 154
*135 145
*185 195
"1 5 b 10b
29b 29b
97 b 98b
-118 122
*35
40
81
82
14b 15
59 b 00
28b 28b!
177 bl7 8
251 258
*44b 45b
95b 90
*49
00
*50
00
40
40 b
14b 14b
*10
10b
*18
19
4 2 b 43%l
74
75
0 0 b 62b
*57
60
*83
88
26
30b
184 184b

• M ».. . . .. .

6
9
9
9b
9b
9b
80b 72
69b 71
09b 70
84
84b
81b 84
83
83b!
X 89bl39bl 139 139 b 1 3 8 b 139
*87
37V
37b 37b
37b 37b|
•71
72
*71 b 72
72b 72b
35
37 bj 36b 36b
8 8 b 39
80b 81
80b 807*1
8 0 b 81b
iO b 20b §20% 20b

*14
*40
*87
•125
87
106b
137
102
*40
*00
26b
14 b

15b
45
70
130

*14
16
*40
45
09b 69b

10
'40
70

16
45
70b

87
107
138
162b
41
95
26b
14b

87
87
"8 5b 87b
106b 106b 106b 107b
130b 138
136b 137%
101b 162b 160b 161b
41
41
41
41
*91
96
*91 b 93
25b 26b
25b 20bl
14b 14b
14b 14b
*150 175
l0 7 b 109
108b 108b a?106b 100b
•120 3 22 *120 122 zl20 120
35b 30
35b 30
357 36b|
a
92
92 b *91 b 92b "90
92b
25b 20
25b 25b
25b 25b
52
52
62
52 %
52b 53
106 100b 104b 107 b 1 0 5 bl0 6 bl
167** i ‘ 77 160b 167b »1 0 5 b 167b
0 ,
*4 8 b 50
*48
49b
49
60b
•115 120 *115 120 *115 120
85
90
•87
89 b *87
89 b
*210b212b
34b 35
57
57b
*01 b 91b
100
70
*98
*80
149b

100

112

112

70
103
83
150
*38
40
*80
85
05
“ 78“ 80 b
52b 54
81b 82 b
61b 62b

210b213 *210b21$tb
34b 35b
34b 35b
57
57b
57
67b
90b 91
91b 91b

100

lO O blO O b
77
73b 73b|
103
*99 103
82
*80
83
150 b 149b 150b
40
40
42
85
*80
90
95
82 b *80
*80
82
81
112 113 *110 115
53 b 58
56b 67b
82
82b
81b 82 b
62
637- 04 b
64 b

99b
*75
*99
*80
149b
*39
85
82 b
80

low est

sale

Wednesday
Jan. 1

T W O

d e ic e s

Thursday
Jan. 2

PAGKM

STOCKS
N E W Y O R K STO O K
EXCHANGE

HYlday
Jan. 5

Ita/nye for J'revious
Sales of Ilanye for Year 1001
On basis of 100-share lots
Year (1900)
the
Week
Shares
Lowest
IHyhest
Lovjest
J/iyhe st

ItallroiulM.
300 20 F e b 20 34 Nov25 16 Hep 25 Deo
nn A rb o r .............
*3 4 b 80
820 60 Sep 25 06 Dec 27 40b J’ly 59 Deo
06
00
Do prof..............
80b 81b
80b 81b Atoli. Topoka < Santa Fo. 108,080 42 b Jail 21 91 J’ no 6 18% Jan 48b Deo
fo
60,880 70 May
0
102 b 103 b 102 7 103 H
l)o prof...............
108 May 3 58b Jan 89% Deo
107 108
114b May 3 65 b Jan 89% A pr
altimore O h io .......... 83,810 81b Jan
100 b 108 b
90
97
9078 97
2,680 83b Feb 27 97 J ’ no 5 72b Jan 90 A p r
Do prof.....................
65
00b
05% 68% Brooklyn Rapid Transit.. 66,170 55% Oct
88% A pr 22 4 7 b Sep 88 7 Dee
*
*118 122 b 118b 118b Buffalo Jtoch. < Pittub’ g.
600 77 M a rl 9 122 Nov26 52 Feb 85 Deo
&
*141 145 *141 145
110 Mar
Do prof.....................
140 Nov29 92 Jan 126 Deo
118b 117
117bM ay 7 84 b Sep 99b Feb
115 110b Canadian Paciflo........... 20,800 87 May
4,226 64 b Jan
80
80 b
80
80% Canada Southern...........
89 N ov2 5 47% Feb 61b Deo
*190 195 *194 196 Central of N e w J ersey...
3,370 146b Jan
196b Deo30 116 Jan 160 b Deo
47b 48b
47b 48b Chesapeake & Ohio......... 14,150 29 May
62 b May 3 24 J ’no 42b Deo
86b 30
6,650 27 May
60 b A p r 30 31 Oct 42 Deo
30b 30b Chicago tfe A lto n ..............
76b 76b| 70 b 77b
2,700 7 2 b Jan
Do pref.....................
82b A p r 30 08b N ov 78 b Deo
*193 ....
*193 ...... ^Chicago Burl. < Quincy.
138 b Jan
199b A p r 30 119 b Jan 144 Deo
fe
* ....... 180
600 91 Jan
*135 130h Chicago < East’n Illinois
140 N o v i 1 88 Jan 109 Mar
fe
* ....... 137
120b Jan
* ....... 138
136 A p r 18 119 b Dec 126 Aug
Do pref.....................
24b 24b
27 N ov 11
24
24b Chicago Great W estern.. 10,500 16 Jan
9 7 Sep 18 Dec
s
*90
92b
400 90 J ’ly 27 94b M a rl5 81 J’ ne 94 b Deo
91b 91b
Do 4 p. 0. debentures
*85
85 b *84
75 MaylO 9 0 b J ’ne24 08 b Aug 82 Dec
85b
Do 5 p. c. pref. “ A ” ..
40b 47 7
8 47b 477
e
950 41 Deo
50 M a rl4 30 J’ ne 45 Deo
Do 4 p. c. pref. " B " . .
53
64
e
53b 54 Chic. Indianap. & Douisy. 29,446 23 Jan 21 6 2 7 D e c 31 14 Jan 29 A p r
77
77
2,825 58b Jan 21 773 Sep 10 46b Jan 64 Dee
4
70b 77
Do pref.....................
165b 168b 166b 168b Ohioago M ilw . & St. PauL 124,075 134 May
188 May 6 lO B b J ’ne 148 b Dec
*188 190
189 189
250 175 May
200 May 3 169 b Jan 187 b Deo
Do p re f.....................
207 ' 209 *204 210 Chicago & N o rth w e stern
1,000 168b Jan 21 215 May 1 150b J ’ ne 172b Deo
235 285
158 207 Mar
248 A p r i l 195 b May 220 Dec
Do pref...............
154 158b 155 158 Chic. Bock IsPd & Pacific 21,369 1 1 6 7 Jan
8
176 b J ’ne 5 102 J ’ne 122 b Dec
"130 140 *136 140 Chic. St. P. Minn. < Om.
125 Mar
fc
146b Nov22 110 Oct 126 N o v
*185 197 *185 197
180 Mar29 201 A p r i l 172 Feb 175 Mar
Do pref...............
730 10b Jan 19 31 A p r 16
10b 10b
8 b Oct 14b Dec
16b 16b Chicago Term T Transfer.
31
31
1,100 2 8 34 Dec
67 b A p r 15 2 6 b Oct 39 b A p r
31 b 32
Do pref...............
97% 98b
1,400 73 May
101 N o v 8 55 J’ ne 76 Dec
fc
97 b 97b Cleve. Cm. Ohio. < St. L .
75 1153 Jan 12 124 Nov25 103%J’ne 118 Deo
§ 121b 121b
4
Do p ref...............
"35
45
*35
40 Cleve. Lorain & W h eel’ g.
27 b Jan 7 4 2 b Nov27 14b Jan 30 N ov
*7 7 b 85
300 67 A u g 7 82 D ec31 40 Jan 72 A p r
*77 b 85
D o p ref...............
15
15i.
8 b Dec
5 Sep
15b 15b Colorado & So., vot. trust 22,935
0 b Jan 21 18 Apr29
60
60b
Do 1st pf. vot. tr. cfs. 12,550 40 Jan 31 60 D ec 28 30 Sep 47 b Mar
60b 01
28 7 29 b
0
28 b 29
9,110 1 6 b J a n 4 28b A p r 29 14 Sep 20 b Mar
Do 2d pf. vot. tr. ctfs.
178b 179b 177b 179b
elaware & Hudson___ 11,490 105 May 9 185 b A p r 3 106 b Sep 134b Dec
259 261 *252 258
4,540 188 b Jan 3 258 Dec31 171b Sep 194b Deo
elaw. Lack. & W est’n.
45 b 40
s
1,825 2 9 b Jan 21 53 b May 6 167 Jan 34b Deo
*45 b 46b D en ver & Rio G ran de....
#93
93%
0,570 80 Jan 21 103b J ’nel4 64 b J ’ne 87 Deo
Do p ref.....................
93 b 93 b
*49
60
50 D enver & Southwestern.
49 N o v l2 71 J ’ne27
-50
60
*50*“ 60
69 J ’ly 29 69 J ’ly 29
Do pref.....................
397 40b
s
1,200 18 Jan 30 45 J ’ ne 5 12 J’ne 21 Deo
Des Moines & Ft. Dodge.
14b 15
15
700 14b D e c l l 17 Dec 5
15b D etroit South.vot. tr. ctfs
38
38
8
300 36 D eo l2 407 Dec 5
38b 38b
Do pref. vot. tr. ctfs.
*10
10b *1078 11 Duluth So. Shore
1,205
4 J’ne
4 b Feb 5 12 b J ’ne 5
6 b Mar
A tl..
19
19b
0
6
13 b Jan 8 2 2 b Sep 30 12 J ’ly 2O7 N ov
19b 1934
Do p ref.....................
43b 44b
r ie ................................ 272,585 2 4 b M a y 9 45 b J’ ne 4 10b Sep 27 b Dec
43 b 44 ^
75
753,
4
74b 75 b
Do 1st p r e f.............. 69,385 693 Jan 21 75 Dec31 303s Sep 63 b Dec
61b 63b
Do 2d p ref............... 50,900 3 9 b Jan 4 62b Dec 31 15 Sep 43 b Dec
62 b 63b
*59
60 Evansv. & T erre H aute..
41 Jan 31 68 A p r 12 38 b Oct 54% Mar
*83
88
81 Jan 4 95 A p r i l 74 Oct 94b A p r
Do p ref.....................
30
33
33
6,320 17 Jan 18 36 A pr20 12 b Mai 20 Dec
33b Ft. W orth&Den. C.,stmp.
184b 187b 189 190 Great Northern, pref......
9,150 16 7b M ay 9 208 M a rl5 144b J ’ne 191b Dec
66 Jan 2 67b Feb 14 53 b Mar 66 Deo
Green B. < W ., deb. ctf. A
fc
5 b Sep
8% Deo
57
Do
deb. otf. B
7 b Jan 28 l i b A p r 22
9b
9b
71
71b
70
70b T T ocking V a lle y ............ 10,153 4 0 b M a y 9 75b Dec26 3 0 b Jan 42 % Deo
83 b 84b
3,900 693 Jan 21 8 8 b Dec26 58 Jan 74b Deo
4
83 b 843 -1-iDo p ref.....................
4
8,000 124 May 9 154b J’ne29 110 J ’ne 132b Deo
139b 141b 140b 141b llinois Central..............
38
40b
3.000 21 Jan 21 4 3 b J’ne21 l i b Jan 27% Deo
39 b 403
4 owa Central................
72% 74b
4,400 48 Jan 21 8 7 b J ’ly 1 39 Sep 58 Mar
75
76b
Do pref.....................
37
37
2,810 21 Jan 8 41 J ’nel5 10 Jan 25 Deo
36
36
anawha & M ichigan..
807 81%
0
C.Ft.S.cfeM.,tr. cts. pfd 11,125 7 7 b D e c l6 8 1 b Dec 28
8 1 b 82b
20b 20b
750 13 b Jan 4 25 A pr30
7 Sep 17 b A p r
Kansas C ity So. vot. tr.
46
46b
1 .0 0 0 35 Jan 4 49 A p r 30 27 b Sep 43% A p r
Do pref. vot. tr. ctfs.
45 b 45b
16
16
6 Dec
3 b May
400
10
16 Keokuk & Des M oin es...
53 Jan 3 18 b Oct 2
4
45
46
100 24 Jan 2 45 b Sep 30 14b Oct 23 Dec
*45
47 b
Do p ref.................
1,350 393 Jan 21 7 6 b N ov2 5 20 b Mar 52 Deo
7O70 71 b
7 0 b 70b
ake E rie & W estern
4
*125 130
100 108 b Jan 21 135b Sep 27 83 b Feb 115 Deo
127 127
Do pref.................
L. Shore & Mich. Sonth’n
§230 A p r i l §355 Nov22 §197 Jan §240 Dec
86
80
*85
86 Lon g Island...............
300 67 Jan 3 90 Dec 18 4 7 b Jan 89 May
107 107 \ 1 0 7 b 108 Lou isville & N a s h ville ... 21,400 76 May 9 111b J ’nel7 68b Sep 89 b Dec
137b 138b 136b 138b
anhattan E) evated... 67,010 83 May 9 145 Dec 5 84 J ’ne 116% Deo
162b 163b 163 165
etropolitan Street___ 16,500 150 May 9 177 J ’ne24 143b Sep 182 Feb
*4 2 b 43b *4 2 b 45 M et, W est Side El. (Chic.)
400 27 Jan 9 41 Nov22 2 4 b Jan 37 b A p r
10 7 9 b Jan 15 93 Sep 18 76 Feb 8 4 b N o v
192b 92b *9 1 b 93
Do p ref...............
26b 28
31,926 1 2 34 Jan 21 30 May 2 10 b J an 17% Deo
2 7 b 28 M exican Central........
5 M ar
2% Sep
14 b 15b
3 b Jan 24 15 b Oct 12
1 4 b 15b M exican N a t’l tr. receipts 22,200
Michigan Central............
107 b M ar 4 180 Nov25 §104 Jan 115 J ’ne
2,000 67b J an 19 111b J ’ly 19 45 b J’ne 71b Dec
4
4
100b 107b 1063 1063 Minneapolis & St. Louis.
100 1 0 1 3 Jan 7 124b Oct 2i 87 b J’ne 104b N o v
Do pref.....................
4
36b 37
9,130 15 May 9 36b Nov25 14 Sep 27 A p r
fc
3 7 b 38 b Minn. S. P. < S. S. Marie.
92
92b
1,300 49 A p r 9 94b Nov25 47 N ov 69 A p r
Do p re f.....................
9 2 b 92 b
9 Sep 17%Deo
8
4,050 16 Jan 21 35 3 A p r 20
263 27 Mo. Kansas cfc Texas......
4
20b 20b
3,935 37 May 9 68% A p r 19 25*8 Sep 47 b Deo
Do p ref.....................
62b 53 b
5 3 b 54b
s
100 107 3103 b 105 Missouri Pacific.............. 120,505 69 Jan 4 124b J’ nel4 383 Jan 72 b Deo
§191b Jan 8 197 b A p r 9 §183b Jan §189b May
M o m s & E ssex...............
10738l6878 167 1087
Y . Central < Hudson. 29,300 139b Jan 21 l7 4 b N o v 2 5 125% J’ne 145% Deo
fc
8
0
60
50%
2,000 16 May 9 5 7 7 Sep 28 11 J ’ne 2 4 b Deo
Y . Chic. < St. Lou is..
fc
4934 61
*118 120 *118 120
97 M ar 1 120 Sep 18 75 J ’ne 110 Deo
Do 1st p ref...............
300 47 Mar 1 95 Sep 28 29 J ’ne 58b Deo
Do 2d p ref...............
89b 39b
89b 89b
N e w York < H arlem ......
fe
§409 N o v 7 420 A p r 1 400 May 420 J ’ly
§l34b Jan 15 139 Feb 21 §130 Jan §135 M ar
N . Y . Lack. < W estern ...
fc
§206b Feb 27 217 J’ ne24 §207b Sep §215b Jan
*2.1 O b 212 b *211 212b N . Y . N . Haven & H a rtf.
3 6 b 36 N . Y . Ontario cfc Western. 55,900 24 May 9 40 b May 1 1 8 b J ’ne 32 b Deo
3 5 b 30b
68 b 59b N orfolk & W estern ......... 15,685 42 Jan 10 6138Nov25 22% Jan 45 b Deo
58
69 b
862 82 Feb 15 92b Nov22 67 Jan 83 Deo
*91
92
913 92
4
Do adjustment, pref.
Northern Pacific B y ......
77 b Jan 21 ||700 May 9 45b Sep 86 b Deo
600 84b Jan 21 113bM ay 7 67 Sep 9 1 b Deo
Do pref.....................
430 52 Feb 1 78 Deo 2 46 May 62 N ov
acific Coast Co............
7 3 b 73b
101 101
100 89 F e b 26 1 0 3 b D ec 2 82 b Sep 90b Deo
*97 103
Do 1st pref...............
Do 2d pref...............
63 Jan 8 83 Nov29 57 May 69 b Oct
*78
83
150 b 161% 150b 1613 Pennsylvania................... 110,094 137 May 9 161b A pr 22 124% Sep 149 b Deo
4
5 J’ne 18 Deo
*39
42
100 1478 Jan 22 50 Sep 27
*38
42 Peoria & Eastern............
126 33b Jan 9 94 N o v i 3 20 Jan 35 Deo
*80
90
§8 6 b 86 b Pere M arquette...............
Do p re f.....................
600 72 Jan 2 80 J’ n el? 55 b Jan 73 b Dec
*80
95
....... 95
82
82
Pittsb. Gin. Chio. & St. L.
3,100 57 Jan 30 81 Deo 30 49 b Sep 80 b Jan
300 88 Jan 4 113 Dec 30 78 J’ ne 94 Jan
Do pref.....................
1 ) eading, vo t’ g tr. ctfs.. 671,430 2 4 b J a n 4 58 D ec 30 15 Sep 26 Deo
57
59
67b 59
82b 83b TV 1st pref. vot. tr. ctfs.. 60,200 65 / May 9 8278Dec30 49 Jan 71% Deo
82b 83b
05
06b 2d pref. vo t’ g tr. ctfs... 179,350 38 Jan 3 64 b Deo 31 23% Sep 39% Dec
04b 00b

A

B

(

D

E

I
K

L

M

N

P

BANKS AND T R U S T COMPANIES—BROKERS’ Q U O T A T IO N S
Bank m

Bid Ask
Bid
Bid Ask
Banks
Brinks
B anka
Ir v in g ........ 200
Citizens’ ...... 225
14th Street!!. 165
Bid Ask C ity .............. 600
F o u r th ........ 241. b 1242 Jefroraonlf... 170
A m e r ic a !)... 525 •mm ColonialTf ... 300
mm
m
Leather M fr. 255
G a lla tin ...... 410 430
Ajner Kxch.. 285 b
L iberty ...... 000
Gansevoort!) 140
C olu m bia!).. 340
t
rtor...... . 700
Lincoln........ 900
G a rfie ld ...... 500
Com m erce... 800 370
oweryT) .... 300
ManhattanH. 31 5
Corn Exch!(. 440 460
German Ami! 140
troad wav ... ...... 430
German Exl, 335
East R iver.. 150
M arket <fcFul 250
rntch's Ijt 140
J 1th Ward!) 150
Mechanics’ . 280
Germania!) .. 500
m tral...... 180
Mech cfc Trail 150
Green wlch II 170
Em p’eState!f 205
> triry ![.... 165
n
M erca n tile.. 205
Fidelity!) .. . ’1 225 250
Ham liton 1 .. t 175
1
C h a s e ......... 700
M orch Kxch. 1155
Fifth A v e l).. 8250
H an over...... 675 700
Chatham .. . . 325 350
Hi de
l/ath 150
F ifth ........
300
Merchants’ .. 190
Chem ical___ 4100 4200 First (n ew ).. 780
I mj) fo T r ad. 000
M etropolls 1 075
|
* Bid and asked prices; no sales were made on this day.
§ I <ess than loose, fires.
I
v riguts,
t Hale at Stock Exchan go or at auction this week. | stock cornered” sal oh for ’ cash” wore
)

YORK
fJTTY

raw

Bid
B an k*
People’ all___ 250
Pile n i x ........ j 18
190
P la za !)......... 500
Prod E xch i). 105
R iv ersid e!).. 225
Seaboard ___ 450
Second ........ 075
275
Seven th,new 115
290
Shoe & Leth. 135
__
Slat e l l ......... 500
290
285
State of N Y1)
175
12th Ward!). 110
205
23d W ard!].. 110
015
‘I state hanks.
a Ex dividend and rights.
made as high as 1000.
3 Tru st Co. oertilioatef
A8k

Banks
M t M orrlsll..
Mutual!]
Nassau!) ___
N ew A mater
N ew York Co
N Y N a t Ex.
N ew Y o r k ...
19th WardIJ.
N in th ..........
N orth A mer.
Oriental!)___
P a clffc !)____
P a rk ............

Bid Ask
150
190
190 mmm m+
m
1410
t
1500
210
320 340
150

176

125
140
225*

StOCk Record— Con Dluded— Page 2
S T OCLS—B IG HD S T A D D LO W MMT *5 L E BTUQ MS
*A
Men. M

Jil oftday
Dec. 30

*13% 13%

131 13%
4
62% 62 %
* 20
20
*21
26
114 134
133% 134
0D% 55% 54% 53%
83
83
82 % 82C
73% 74
73
73%
26 % 27
*57% 59
o /% tvy
60;% 01 % 60% 6 L
33 L 33% 33% 33%
93% 93% 03 % 03%
39
39
38% 39%
*123% 123% *121 123
* 18
"
19 % 19
19
108 %lu9
109% 100%
* ..... ...... ...... ......
303 *6 1118% 102 %103%
89% 90
89% 89%
22% 22% 22%
4-'% 43% 42% 42%
19
18% 18%
61
51
51% 51%
*29
30
29% 29%
*20% - o % 20% 20%
j
41
41% 41% 41%

Tuesday
Dae. 31
'
62% 64%
*21
2b
133% liU
55
55%
*82% 85
73 ‘4 73 *a
27
27%
59
59%
(;t18 11 i
1
33% 34%
93% 94%
39 % 30%
123 123
.17% 13
as
4 11f
109 % 109%
*152 1G0
101% 103%
89% 90%
22% 22%
42% 43%
18 % 18%
*51
51%
*29
31
20% 20%
41% 42

*190 200 * 100 200
W a 72% 68% 71 ;
*2
3
*2
3
♦....... 15
20
30% 30% 30% 30%
80% 80% 86% 86%
*3:-;
33^
33
33
*87
88
*87
88
Sod 205 §204 204
40
40 '*30% 40%
, 31
81% 30% 31
69% 69% *68 S 69>2
j
* lo
20
*15
20
*43
43
*43
49
3l°a 31% 31% 31%
i t""., 90% 90% 90%
*5% 6
*5% 6
*23
23% 24
24
44% 45%
AS 97% 96% 97
96% 45

Wednesday
/an. i

j
4
l
t
4
1
•
}
4
1
i
4
•
1
j
t
.

70%
2
20
30% 30%
86% 86%\
33
33
88
88
*39%
30%
67%
k15
*43
31
89%
5%
24
44%
96%

;

;

40%
31
69
20
48
31%
90%
5%
24
46%
97%

|

.
115% i 18% i i a
116 116
114
96

ii8 % 112% 117%
115%
O
ft
96 *

16% 16% 17
17
*16
17%
80% 80% 80% 80% 80% 81
31% 32
30% 31
30
30%
♦208 212
210 210 §212% 212%
, 9% 10% *9% 10% 10% 10%
88
88
88
88
88
88%
♦125 130 *126% 130 *126 130
15% 16
15% 15% *15% 16%
217%217% 217% 219% 219 219%
115% 118
§114%114%
*133 135
135 135
135 %136
• *8% 8% *7% 8%
8
8
33
33% 32% 33
32% 32%
2S3 283
282 283% $282 282
"37% 39% §39% 39% 39% 39%
98
♦90
99% *88
*90 100
21% 21% 21% 21% 21
21
75% 76% *75
76
76
76%
87% 88
87% 87% 87% 87%
7
7
.. ... .. 48
46
40
89
89
89
89
*90
94
*90
04
♦105 108 *104 108
*10
13
*10
14
44% 44% 44% 45
♦102%104 *1Q3 104
16% 16% *15% 17
*77
81
*77
81

*40
*86
*00
*104

3
g
s
>
C
D
P
r
*<

60
90
94
108

44% 45%
*103%104
§16% 16%
*77
81

158 158 *155 158
is e 157%
93% 93% 93% 93% 92% 92*0
45% 45% 45% 45% 45
45%
102 103
102%103% 103% 104%
39
39% 40
40% 40% 40%
82% 84% 84% 85% 85
85 %
*216 219 *216 219
218 '218
*3% 4% *3% 4
*3% 4
‘9
11
*9
11
*9
11
15% 1534 15% 15% 15% 15%
68
68% 68
68% 68%
68
18% 18% 18% 18% 19% 20%
*67% 7l%
68% 70% *67
71
*29% 31
*29% 31 ' *29% 30
*78
82
*78
82
*80
82
♦4% 5
4% 4%
4% 4%
64
64% 61
64% 64
64%
S6% 36% 36% 36%
14
14
*14
15
*14
14%
74% *73
74%
74% 74% *73
|95
96
§94% 98
§95% 96
11%. 12% 11% 12
11% 12
81% 81% 81% 81% 81% 81%
*13
14
13% 14
13% 14
*48% 50% 49% 49% 49% 49%
42% 43
42% 43%
93 ~ 93% 93
93% 92% 03%
63% 62% 62%
63% 63% 62
124 124
123% 123%
*190 200 §199%199%
; 91% 91% 91% 92% 92
92%
' l7fllo 177
174 177
172 178
•1S2 186 *180 186 *180 186

Friday
Jan. 3

Lange for Lrevious
Sal# $0 Lange for Year 1001
■/
On basis 0 / 100-share lots
Year (1900)
the
ii mh
Lowest
Shares
Highest
Lowest Highest

it inland* p ref........ .......
97 .Nov 4 112% Nov 7
*13
15 U t J. & G. U h Y. tr, ctfs.
3,50b 7% Jan 21 15 %J'ne 8
14% 16
5 May
8% Dec
68 L » 1> i st pref. v . ir.otis.
65
67 % *65
o
1,375 55 Oct 1 78 %J’ne25 38% May 04% Dec
i 28
28
*23
28
600 17 Dec 11 86 J’ne 5 11 % J Yu 21% Deo
i)o 2d pref, v. tr. ctfs.
133%134
2,400 57 Jan 29 184 Dec19
133 %l dd% st. Law. A Adirondack...
o7
58 8t. Louis A San Fran..... 17,050 21 % J an 4 56% Dec 19
55%. 57%
8% J’ne 24% Dec
*82
85
231 75 F ly 15
*82% 85
Do 1st p re f....... .....
: 64 Sep 78 Dec
(707 rj x
20,275 53 % Jan 4 70% J’ne 19 31% J’ne 55 Dec
/3 % /a
74% 75
Do 2d pref.......
28
28 % St* Louis Southwestern...
2,240 16 IMay 9 39 %Apr 30
27% 28
8% J’ne 18% Dec
69% 09 % 69% 00%
41% Jan 3 71 J’lie 10 2 1% J Yu 45 % Deo
Do pref...................
61
62% southern Pact tic Co..... . 108,565 29 May 9 08% J’ne 5 80% J’ne 45% Deo
1 60 % 62
34% 31% 38% 34% Southern voting tx\ ctfs.. 73,065 18 Jan 21 85% J’ne 3 10% J’ne 23% Dec
94 %
93% 94% 94
Do pref, voi. tr. ctfs. 19,560 67% Jan 21 94% Nov27 49 % J'ne
39% 40% 40% 40% 1(Texas & Pacific......... .
9,200 23%Jan 3 52% May 3 13 %JYie 20% Deo
420 117 May 9 129%Jan 9 45 % Max 135% Jan
122% 123 *121 123
1 bird A venae (N. Y.) ..
J
19% Pol. St. L« A W. v. tr, ctfs.
1,525 10% Feb 10 25% May 22
*18% 19% D
....
5 5U 3b
4 *
4 409 °8 May 9
T w Ji PI. VOlt lJ* tD _
J
J
j
110 110% 110 110% Twin City Rapid Transit.
2,670 05% Jan21 109% Dec 31 61% J’ly 70% Dec
* 152 160 * i 52 159
147 Apr 19 160 Nov30 136 Jan 140 Deo
Do pref................. .
103% 104% 102% 104% \ fnionPaoiflo.,.......... 205,550 76 May 9 138 May 2 44% Jill 1 81% Dec
91
90% 91% 00
Do pref................... 13,384 81% Jan 21 99% May 1 70% J’ne 85% Dec
22% 22%
22% 23% W a b a s h ....................._ i
75 11% Jan 3 26 J ’ne 3
6% Mar 14 Dec
42% 48%
il
42% 43 %
Do pref______ ____ _ 28,4 O 23% Jan 4 40% J’ne2l 16 Sep 27 Deo
18
18% 18 % 18 % Wheeling & Lake Erie...
1,3 40 11% Jan 31 22 J’ne 4
8 J’ne 13% Dec
2,500 45 May 9 60% Mar28 44% Sep 58% M ar
61% 53
52
53
Do 1st pref..............
30
30
*30
82
210 24 May 9 38 Alar28 21% JYie 33% Mar
. Do 2d pref.............
20% 21% 20% 21% Wisconsin Cent. v. tr. cfs.
2,560 14% Jan 21 26 J’nel7 10 Sep 20% Apr
41% 42% 41% 42
2,500 38% Jan 17 49% Apr 17 30 Sep 57 Apr
Do pref. vot. tr. ctfs.
Miscellaneous.
*195 200 *195 200
A dams Express
§14-5 Jan 8 §202 Dec 24 111 Jan §150 Nov
68% 70% 69% 71% cxmalganlated Copper... 177,825 00% Dec 17 1.30 J’nel? 89% Dec 99% Nov
*2% 3
*2
3 American Bicycle .
100 1% Sep 25 8% Apr 28
*....... 20 * ..... * 20
10 Sep 30 35 Apr 22
Do pref
30% 31 American Car A Foundry 10,409 19 Jan 21 35 ,! ’ai.-l'I 12% Jan 25% Nov
30% 31
3,990 67 Jan 19 89%J’ly 8 57% J’ne 72 Deo
86% 87
87
87%
Do pref....... ...........
82% 33
32% 32% American Cotton Oil......
1,400 24 Mar 8 35% J’nel7 30 J’he 37% Apr
300 85 Apr 10 91% Jan 8 88% Sep 100 Apr
88
88
Do pref.
§210% 210% 212 212 American Express
414 §169 Jan 12 210 ~ N ovi 9 §142 Mar 191 Deo
40% 41
*40
41% American Grass Twine .
425 39% Dec 16 45 N6v 25
81% 31% 30% 31% American ic e .... ........... 13,408 25% Oct 2 41% Marl 5 27% J’ne 49 %Apr
§67% 67% 67
67
810 62 Oct 10 77% Mar22 60% J’ne 78% Feb
Do pref........... .......
*15
20
*15
20 American Linseed...
5% Jan 24 30% J’ly 9
6 Nov 16% Feb
*43
49
*44
50
31 ~Jan 24 66 J’ly 9 34% Deo 60 ' Feb
Do pref........
31% 32% 32
32% American Locomotive
18,600 22% AuglS 33% N ovi 9
90% 91% $89
89%
7,1.97 83% OetT 4 91% Novl9
Do pref...
*5% 0
§6
6 American Malting..........
130 4% Feb 4 8 J’ne20
3 J’ne 7% Jan
*23
25
*23% 24%
300 22% Dec 19 80 J’ne25 18% J’ne 31% Jan
Do pref...................
45% 46% 45% 46 Amer. Smelt’g A Refin’g. 20,110 38% Oot 7 69 Apr 20 34% J’ne 56% Dec
98
98
96% 97
2,996 88 Feb26 104% J’ne20 85 J’ne 99 Nov
Do pref................ .
Ameri eFn S rn fP
S i
26 Mar 19 49% J’ne 8
Do pref
73 A p r17 90 J’nel 4
117% 118% 117% 118% American Sugar Refining 132,670 103% Dec 24 153 J’ne 3 95% Mar 149 Deo
115 116
115 116%
1,700 111 Dec 24 130 J’ly 19 107 Mar 118 J’ly
Do jiref...
__ 96 *....... 96 Am orica ti Tel’gh & Cable
§94 Jan 7
>
§87 Sep §98% Jan
AmA *io,a Tobaeoo pref
T r\
137 Jan 2 150 J’lv 12 128 May 140 ~Feb
10
16
16% 16% American Woolen..........
650 13% Marl 5 21% Jan 2 21% Dec 22^1)60
*77
80
*77% 79%
925 70 Mar22 82% J’ly 1 76 Dec 76% Dec
Do pref...................
30% 31% 30l4 307 Anaconda Copper...........
r
7,050 28% Dec23 54% Apr 16 37% J’ne 54% Apr
*210 212
210% 212 Orooklyn Union Gas....
615 175 Jan 18 228 A p r15 140 Jan 183 Deo
10% 10% 10% 10% -Urunsw. Dock A C.Xmp’t
510 8% Jan 19 14% M arl 9
6% J’ne 16% dan
88% 8S% 88
88% Ydolorado Fuel A Iron...
2,924 41% Jan 21 136% J’nel7 29% Sep 56% Deo
*125 130 *125 130 ^ Do pref...
116 Mar 19 142% Apr 29 117 Oct 131% Jan
16% 16% 16% 16% Col. A Hock. Coal A Iron,
600 12% Oct 23 25% J’nel7 11% J’ne 21 Apr
210 2203 219 220 Consolidated Gas (N. X ) . 12,510 187 Jan 18 238 A p r15 4164 Sep 201 Nov
4
115 % 110 Continental Tobacco, pref
115 115%
746 93% Jan 2 124 J’nelO 70 May 95 Nov
136% 139% *135 140 Diamond Match
700 127% Oct 10 152% Aug29
*7% 8%
8% 8% Distilling Co of America
2,040 6% Oct 14 10% J’nelS
§33% 33% 33
33%
3; 677 23% Sep 13 34% Nov 9
Do pref___
283 283 H 282 282% General Electric-.... .......
a
2,400 183% Jan 10 289% Deo 6 120 Jan 200 Deo
39% 39% 39% 39% Glucose Sugar Refining..
910 37 Oct 24 65 May 2 44 May 60 Nov
90
90
100 93% Mar 5 107 Aug 5 92 Dec 103 Nov
D o p r e f__
*20% 21% 21
21% Fnternational Paper......
1,000 18%MaylO 2< Mar 22 14% Mar 26% Nov
8
1,210 69 Jan 21 81% Sep 10 58 Mar 75 Nov
76
76% 76% 76%
Do pref.... ..............
Tntftrn^fi) or»ft1 PowAr
900 54-70Jan 2 100%May31 24 J’ufi 55% Deo
100 5% Feb 7 11 Jrti 5
3% Aug 16% Jan
*6% 8 Inter national Silver
*46
48%
Do pref..
33 A p r25 51 Deo 4
47
47% Internal! Steam Pump..
47
47
900 24% Jan 22 49 Novl9 28 Dec 29% Deo
*86
90
88
88
500 74 Jan 24 89 Oot 16 76 Dec 77% Deo
Do pref............ ......
*90
95
*90
95 T aclede Gas (St* Louis).
70 Jan 18 95% J’ly 8 65 May 80 Jan
*104 ....... *104 108 Ju Do pref......
95 Jan 21 106% Novl2 96 Jan 100 Jan
*13
15 At anhattan B each.. . . ___
*12
14
300 8 Oct 12 22 Apr 16
6% Jan 18% May
44% 44% $44% 44% Vfatiohal Biscuit..........
2,500 37 Jan 21 46 May 3 23 *J’’ne 40% Nov
104 % 104% 4^ Do pref.... ..............
100 92 Jan 2 103% Nov 18 79% J’ne 96 Fob
*103%105
16% 16% *15% 17 N ational Lead.... .......... .
430 15 Marl4 25% J’nelS 15% Aug 28% Feb
*79
81
*77
81
Do pref.......
74% Dec 24 93% J’nel 3 S3 Aug 106% Feb
National Salt___ ,r
23 ~ Oct 3 50 ' Mar21 32% Oct 46 Nov
Do pref. _
61% Oct 10 84 Mar 21 69t> Oct 76% Nov
156% 156% io7 162% New York A ir Brake._
_
3,800 133 J’ly 15 175 A p r26 112 Sep 175 Nov
93
94% 93% 93% North American Co. new 2,600 73% Feb 14 109 J’nelB
46
48 w 46% 47% Oacific M ail.. . . _ __
5,695 30% May 9 49% N o v ll 25% J’ne 57 Nov
_
104 104% 104% 105% 1- eop. Gas-L.c& C. (Chic.) 42,530 95% Jan 21 120% J’neSl 81®s Oot 111% Apr
41% 42% Pressed Steel Car........*1
41% 42
5,550 30 Mar 7 52 Jan 2 32% Sep 58% Jan
85% 86% 85% 86
5,000 72% Mar 0 89 Apr 29 70% Sep 89% Nov
Do pref...................
219 219 *218 220 Pullman Company....... .
310 195% Jan 21 225 Oct 17 176 J’ne 204 Deo
......
2 %Mar
% Aug
*3% 4%
4
4% Quicksilver M ining...._
1% Apr 22 5% Mav31
*9
12
7% Oct 10% Mar
*9
11
. ....
7 Mar20 12% May27
Do pref.... ..............
16
8% J’ne 27% Feb
5,600 11% Sep 13 24 J’nel 7
T ) epublio Iron & Steel..
15% .16%
68% 69% 68% 69 iA 'D o pref...................
3,600 55% Jan 21 82 Apr 1 49 Aug 70% Feb
18% 19% 19% 19% Rubber Goods M fg ,
3,200 18 Dec 26 88% May 2
70
70
70
70
'510 65 Dec 13 90 May 2
Do pref..... ....
29% 30% Q loss-Sheffield SL & Iron
*29% 31
700 19% Feb 5 41% Apr 2 17^3 Oct 26 Nov
82
83 O Do pref........... .......
*80
82
215 65% Jan 22 86% Apr 8 59% J’ne 71 Nov
4% Mar 10% Jan
4% 4% *4% 4% Standard Rope & Twine..
400 3% Mar 6 8% J’nelS
64% 66% 65% 67% Tenn. Coal, Iron & E E ... 20,220 49% Mar 7 76% J’nelS 49 Oct 104 Feb
900 19 Jan 18 42 Apr 20 13% J’ne 21%r>eo
37
38% 38% 38% Texas Pacific Land Trust
*14
14% *14% 14% I Tnion Bag & Paper......
100 12 Apr 12 19% J’nel? 10 J’ne 25 Feb
.
*7.3
75 U Do pref........... .......
74% 74%
200 65 A p r il 75% Deo 4 56% May 77% Feb r
98
98% United States Express...
97 §98
1,626 §53 Jan 26 100 A p r19 §45 Mar §59% Deo
7% J’ne 19 Jan
1 2 % United St-ates Leather.
. 8,876 7% May 9 16% May 2
11% 12% 12
3,613 69% May 9 88% Aug28 65 J’ne 79% Nov
81% 81% 813 821
4
e
Do pref...................
15 United States Rubber....
14
141 *14
a
1,400 12% Oct 4 34 Jan 2 21 J’ly 44 Jan
51
Do pref........
545 47 Oct 4 85 Jan 2 74% Dec 104% Jan
50% 50% *50
44% 45% United states Steel
263 005 24 Mav 9 55 Apr 3()
03% 94% 94% 95%
Do pref........ .. .... 140,360 69 May 9 101% Apr S
O
ti
62% Virginia^Carol 1 a nhem
4%06 51 J’ ly 12 72 ~Mar30
63
63% 62
Do pref.... ...... _
'350 116 A p r26 125 AugSO
§123% 123% #121% 121%
50 §130 Jan 11 199% Deo SO 120 J’ne 140 Deo
*185 195 *185 195 T\Tells/Fargo & Co.....
92% 93
W est’n Union Tele’gph 18,235 81 Jan 21 100% May 6 77% J’ne 88% Jan
92% 92%
180 Dec26
17 7% 180 la 179 i7§ WesVgKseEl 3 m fg asseo 5 960
^
Do 1st p ref..."........
157 N oy27 187 Dec 27
182 182
*180 187

t
*
I
•
i
#
*

68
2

Thursday
Jan. 2

£TOCilsB
N E W V O I K STOCK
EX C H AN G E

[VOL. LXXIV,

\

i

f
s

4

i
«
4
0
4
f
0
a
0
(
1

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
Trust Co% Bid
O’IR’tyB&Tr 515
Bid AsJc BrooklyntI ... 120
Central T r’st 1875
200
Union SqlJ... 300
City Trust... 375
130
8th WardU ..
85
Colonial..... 355
Varick
. 225 ....... 5th Avenue^j 100 110
200 213
Washingt’n J 200
T
ConDnental. 450
First........... 295
140
Farm LotfeTr 1500
Wash.H’htsTj 150
Kings Cotb-. 130
140 i.60
Wes t Sidet] .. 600
Manufactrs’ . 285 300
105 at •- - Fifth A ve Tr 625
Western. „. 620 640 " Mechanics!! . 217%
Guaranty Tr 755
Kniek ’rb’k’r 725
Torkvillel].. 240
Mech & Trail
Trnst Cos.
Manhattan.. 500
Merchants’ .. 100
B RO O KLYN
N. Y . C IT Y
Mercantile.. 975
Nassau....... 350
Merchants’ .. 850
Bedford^ .... 225
Atlantic Tr 280 290
Nat City
290
Metropolitan 525
Broadway^.. 250
North Sidel]. 180
BowTgGreen 195
* Bid and asked prices; no sales were made on this day. § Less than 100 shares. $ L x rights.
t Sale at Stock Exchange or at auction this week.
Trust Co. certificates-

h Banks
[

KEW YOEE
C IT Y

Banks

BROOKLYN

Bid

A sic

Banks
BROOKLYN
People’s^..
17th WardU.
Sprague.....
26th'WardU.
Unions.......
WallaboutH .

Bid

AsJc

Ask
540
1950
400
370

Trust. Co%
MortonTrust
N Y LifecfeTr
N Y SeoAYTr
North Amer.
Real Eat T r !
f * 5 1 StandardTr’t
10
Tr Co of Am.
Union Trust
0 s m u '. A Tr
Unit States.
Washington.

Bid Ask
1196% t
1300 1375
r
1200
265 275
350
405

Trust Co%
BRO O KLYN

Brooklyn Tv
Flat bush___
Franklin___
Hamilton,...
1270
Kings C o....
1890 1410 L 1st V.A r
ll\
425 450
Manufact’vs.
K assnu ......
1680
425 450
. . op U s
\Y ilUaiusb'g,

BUI Ask
425
170
8.15
802

450
2 76
805
211
850
210

......
880*
810
820

220

___

217

i| Banks marked with a paragraph V ’1ace suite ivauku.
IS

New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
BOND S
N . Y . STOCK E X C H A N G E
W bick E nding « a n . 3
t

T
3

If

P r ic e
F r id a y
Jan. J
B id

U. S. G overn m ent
U S2s consol registered. d \930
TJ S 2s consol coupon--- (11030
TJ S 28 consol reg sm all..(11980
U S 28 consol coup small. (11930
TJ S 8s registered.......... k 1018
TJ S 3s coupon................ A1918
:
TJ S 3s reg small bonds..fcl918
TJ S 3s cou small bonds . . k i d 18
TJ S 4s registered........... /t-1907
TJ S 4s ooupon................ 7il907
TJ S 4s registered.............. 1925
TJ S 48 coupon.................. 1925
TJ S 58 registered.............. 1904
TJ S 58 coupon .................. 1904

PO U R

W e e k 's
Range or
L a s t S a te

A s k Low

108*210D
108 hi 109

H ig h

l3
No

lla n g e
Year
1901
Low

H ig h

1087 108 7 25 105*2 100*0
e
h
109 hi D eo’01
106*4 109*2

106*4 105*4
1073 108 hi 107 hi Oct ’ 01
4
107 *2 i l l *8
1087 Sale 108^ 108 7 40 108*4 112
8
8
108
103 109 108
111*4 112*4 1117 1 U 7
8
b
1113 112*4 1117 l l l 7
4
©
8
4
139 hi 140 1391 N ov,01
139 hi 140 1397 1397
s
e
107*8 107 *8 110 May'01
107*8 107 7 107*4 D eo’Ol
e

106*4 112
111*8 114 *2
112 115*4
137 139*4
13G78 1 3 9 78

110

lli7
8

107*4 113*2

F o re ig n G overn m ent
923 D ec’01
4
JTrankforkon-Main 3his ser 1. M-S
91*8 93
T h e s e a re p r ice .s o n th e b a s is o f f o u r m a r k s to o n e d o L ia r.
96 A p r ’01
TJ S of M exico s f g 5s of 1899 Q-J
96
97*4
T hese a r e p r ic e s o n th e b a sis o f $5 to
S ta te S ecu rities
108*8 Oct ’01
Alabama class A 4 to O....190G J-J 106
108 109*2
109*4 Oct ’00
Class B 58.......................1906 J-J 105
J-J U01
103*g D e c ’01
Class C 4s.......................1906
102 103*2
109 A u g’01
Currenoy funding 4s___1920 J-J 109
109 109
126 Oct ’01
Dist of Columbia 3*65s___ 1924 F-A 126*2
125 126
107 N o v ’01
Louisiana new consol 4s.. 1914 J-J *105
106*2 109
109*2 F e b ’99
Sm all................................ .
Missouri fu n ding....1894-1995 J-J
N orth Carolina consol 4s.1910 J-J *104*8
106*4 N o v ’01
105 106*4
136*2 J’l y ’01
6s ....................................1919 A-0 134
135 136*2
J-J
120 M ar’O
O
8o Carolina 4^3 20-40.......1933
95ha....... 97 D ec’01
J-J
Tenn new settlement 3s..1913
95*2 993
4
J-J
Sm all................................ .
93*4....... 95 Oct ’01
94*2 96
V irgin ia fund debt 2-3S...1991 J-J
99*8 99*4 98*4 N o v ’01
93*2 983
4
J-J
R egistered.........................
6s deferred certfs......... .
6
7*4 A n g’01
7*4 103
4
R a ilro a d
labama Cent See So R y
laba M idi S ee Sav Fla < XV
fe
A lbany < Susq See Del & Hud
fe
A llegh en y V a lley £eeP en n R R
A lle g < W est See Bull' B cfe P
fe
A m Dock < Im S ee Cent of N J
fc
A nn A rbor 1st g 4s........M 995 Q-J
95*8 Sale
95*8
96*4 10 95 101
A tcb T < S Fe gen g 4 s... 1995 A-O 103*8 Sale 103*4 103*8 203 1017
fe
8105*4
Begistered..................... 1995 A-O
102 N o v ’01
1013 104
4
Adjustment g 4s......... ft.1995 N ov
95 Sale
67 863 99
94*4
95
4
B egistered................7il995 Nov
92 D ec’01
92
95
Stamped.................7il995 Nov *94
94*2 94*a
95- 112 90
97
Equip tr series A g 5s... 1902 J-J
Ohio < St Louis 1st 6s..1915 M-S *115*2.....
fe
A t ! K n ox < N o r 1st g5 s.. 1946 J-D 109 112 108*4 D eo’ 01
fc
108 109
Atlanta < Danv S ee South By
fc
Atlan ta < Yadk S ee South By
fc
Austin & N W S ee Sou Pacific
at Creek & S S ee Mich Cent
alt<fe Ohio prior l g 3*23.1925 J-J
72 94*2 97*4
95*2 Sale
94\
97
B egistered .................. A1925 Q-J
97 D ec’ 01
95
97
Gold 4 s ........................ 711948 A-O 103*4 103*4 103
103 hi 95 99 105
B egistered ............... 7*1.948 Q-J
101*2 102*4 13 100*8 104
Conv deb 4s................... 1911 M-S 106*8 Sale 105*8 108 483 100*2 n o
90 ......
P Jun & M D iv 1st g 3 *231925 M-N
3 87*2 91*4
90*4
90ha
B egistered ............... #1925
South w D iv 1st g 3 *23... 1925 n
90*4 Sale
90*2
92*8 225 885 92«8
8
B egistered ............... 7il925
90*2 J’ne’ 01
90*2 91
Monon B iv 1st gu g 5s..1919
111 May’ O
O
Cen Ohio B 1st cg4*2S..1930 M-S
112 N o v ’ 01
112 112
Beech Creek S ee N Y C & H
B ellev < Car See Illin ois Cent
fe
B kiyn < Montauk S ee Long I
fe
Bruns < W est S ee Sav F I < W
fc
fe
Buffalo N Y < E rie S ee Erie
fe
Buffalo R < P gen g 5 s...1937 M-S 118 118*2 118 D eo’ Ol
fe
115 118*4
Debenture 6s................. 1947 J-J
A-O *101*2
A ll < W est 1st g 4s gu ..l998
fe
Cl < Mah 1st gu g 5s....1943 J-J
fe
103 A p r ’97
Boch < P itts 1st g 6s...1921 F-A 128ha___ 127 Oct ’01
fe
127 131
Consol 1st g 6s........... 1922 J-D 127*8 129 127*4 D ec’01
127°8130
Buffalo < Southwest See Erie
fc
Buffalo < Susqu 1st g os.. 1913 A-O
fc
100 N o v ’99
Begistered..................... 1913 A-O
1st refunding g 4s...... dl951 J-J 100 102 101 N o v ’01
lO i 101
Bur Cedar B & N o 1st 5s. 1906 J-D 104 Sale 104*2 104*2
1033 108*4
4
A-O 123*4...... 1237 D ec’01
Con 1st < col trust g 5s.. 1934
fe
0
119*2127*2
Registered.................. 1934 A-O
117 N ov’O
O
C R I F < N W 1st gu 5s. 1921 A-O 115*8
fe
113*2 D ec’O
O
M & 8t L 1st gu g 7s___ 1927 J-D
Canada South 1st 5s...... 1908 J-J 105*4 105*4 105*4 107*2
105*2 109
'2d 5 s............................ 1913 M-S 110*2 Sale 110*2 110*2
107 111
Registered.................. 1913 M-S
107 A n g’01
106*4 107
Carb < Shawn S ee 1 1 Cent
fc
1
Carolina Cent S ee Seab < Roan
fe
Carthage<feAd S e e N Y C & l l
Ced R la F < N S ee B C R < N
fe
fc
Cen Branch U P 1stg 4 s ... 1948 J-D
91
95
93
95ha 94 D eo’Ol
Cen Branch By S ee Mo Pac
Central Ohio See Balti < Ohio
fc
Cen R R A B o f G a col g 5s 1937 M-N 103 105 103 N o v ’01
90 108*2
Cent of Ga R R 1st g 6s..#1945 F-A 120*4 122 122 N o v ’01
119 122
B egistered .................#1945 F -A
Consol gold 5s............... 1945 M-N lO07 Sale 106*2 107
e
97*4 108*4
Begistered.................. 1945 M-N
105*2105*2
105 hi S ep ’ 01
1st pref income g 5s___#1945 Oct
60
84*2
70
78
77*2 Sale
2d pref income g 5s___#1945 Oct
20
307
e
34 Sale
32*2
34
3d pref Income g 5s___#1945 Oct
8
21
19
19*s
18
20
J-J 103 ......
Mac & N o r D iv 1st g 5s. 1946
95 D ec’ 99
M id Ga < A tl D iv 5 s....1947 J-J
fc
102 J’ne’99
Mobile D iv 1st g 5s...... 1946 J-J 103*2...... 105*4 D ec’ 01
105*4 105*4
Cent of N J lstcon sol 7 s..1902 M-N 102*2...... 102*8 N o v ’01
102*8108
General gold 5 s .............1987 J-J 132 Sale 132
134
127 137*8
R egistered.............. h i 987 Q-J
127 137
131
131*4

A

B

C

PAG ES

BONDS
N. Y . STO CK E X C H A N G E
DBS ENDING JAN. 3

JnV st
P e r io d

O C C U P Y IN G

P r ic e
J 'Y ld a y
Jan. j

W e e k 's
lia n g e o r
/,ast S a le

1

r
"
'

lia n g e
Year
190/

B id
A sk Low
H ig h N o L o w H i g h
Central of N J ^ ( C o n t i n u e d )
J
Am Dock c Imp gu 5s.. 1921 J-J 112 *8 113 h J14 hi D ec’O .... 112 110*4
&
Lo < Hud It g e n g u g 50 1920 J - J
fe
103 U Nov'01 .... J03 J J07
4
Loll (fe W ilks B Coal 6s.. 1912 M-N
0
8
J
Con ext guar 4*20___f/19lo Q-M 102 7 104 1027 D cc ’O .... 102 105*2
N Y < Long B rgo n g 4 s 194 1 M-S
&
Cent Pacific See Ho Pacific Co
Charles
Sav 1st g 7s— 1936 J-J
3 1J3 117
Ches & Ohio g 6s sor A ..A1908 A-O 113*2 Bale 113*2 113*2
Gold 6s.........................a lO ll A-O L ie ....... 116 *4 Dec *01 .... 115 J19
119 J22
1st consol g 5s............... 1939 M-N 120ff8 Bale 119 "8 120*s
121 J’ nc’O
J
120*2131
Registered.................. 1939 M-N
o i 104 103*4
General gold 4 has........... 1992 M-S 106*4 Bale 100*2 107
2
Registered............... 1992 M-S JOG > 107 103 A p r ’01 .... L03 103
J03 N o v ’O
O
Craig Valley 1st g 5s----1940 J- J 100
It & A D iv 1st con g 4s.. 1989 J-J ‘ 104*2 106 100 D ec’ 01 .... 103 107*2
2d consol g 4 s .............. 1989 J-J *99*2101 101*2 D ec’oi .... 99 103
101 *4 A p r ’99
W arm Spr Val 1st g 5s.. 1941 M- 8 100
Eliz Lex tfe B S gu g5 s.. 1902 M-S 100*4 101*2 101*8 Dec ’01 .... 100 102*2
M-N
Greenbrier B y 1st gu g 4s ’40
Chic < A lt B R s fund 6 s..1903 IVI-N 103*4........ 102 *2 D ec’ 01 .... 102*8105*4
fe
94
8
87 7 10 86
e
87*4....... 87 7
Refunding g 3s.............. 1949 A-O
Miss B iv B 1st 8 f g 6s..1912 A-O
84 *2 Sale
84
86*2 100 83 *2 87 *^
H a llw a y 1st lien 3 has... 1950 J-J
Begi st ered.................. 1950 J - j
a
108*8 35 106*& 1097
Chic Bur & Q consol 7s...1903 J-J 105 Sale 105
104*4 A p r ’ 00
Chic (fe Iowa D iv 5s........ 1905 F-A
F-A *101«8 ....... 101*8 Oct ’ 01 .... 10] 102*2
Denver D iv 4s............... 1922
Illinois D iv 3*28............ 1949 J-J 101*4....... 104 D ec’ 01 ... . 101*4 104*4
Iow a D iv sink fund 5s..1919 A-O 114*4....... 115 *s A u g’01 .... 114 115*8
8
Sinking fund 4s.......... 1919 A-O 104*4....... 104*4 D ec’ 01 ___ 1035 107
25 110 113
111
Nebraska Extension 48.1927 M-N I l l Sale 111
109*2 A u g’ 01 .... 109*2 112*4
Begistered.................. 1927 M-N
Southwestern D iv 4s___ 1921 M-S 100*8....... 100*8 J’ ne’01 .... 1U0*& 100*3
Joint bonds See Great North
Debenture 5s................. 1913 M-N 109 109*4 108*4 D ec’ 01 •••• 108 112*4
Han < St Jos consol 6s.. 1911 M-S 121*8....... 121*4 D ec’ 01 .... 120 123*4
fe
Chic < E 1 1 1st s f cur 6s.1907 J-D * 111*2112*2 111 *2 D ec’ 01 .... 1.11*2117
fe
1
1st consol g 6s............... 1934 A-O 138*2____ 138 *2 D ec’ 01 .... 135 140
General consol 1st 5s___1937 M-N 122 123*4 122*2 122*2 20 115 127
115 A u g’O
O
Begistered.................. 1937 M-N
Chic (fe Ind C B y 1st 5s.1936 J-J 120« b ........ 122*2 D ec’ Ol .... 112*4 125
Chicago (fe E rie S ee Erie
4 115 128
128
Chic In (fe Louisv ref 6s ... 1947 J-J *120 ........ 128
e
1165 22 1067 116*4
s
Refunding gold 5s......... 1947 J-J *116 ....... 116
6 113 117
Louisv N A < Ch 1st 6s. 1910 J-J 113*8 Sale 113*8 113*8
fe
Chic M ilwaukee & St Paul—
189*4 Oct ’01 .... 180 192*2
M & St P 1st 7s $ gR D .1 9 0 2 J-J
172 *8A p r ’00
1st 7s £ gold B D ........1902 J -J
183 Oct ’01 .... 183 190
ls t C (fe M 7 s ............... 1903 J-J
20 180 194
185
J-J 185 Sale 185
Chic M il & St P con 7s.. 1905
Terminal gold 5s........... 1914 J-J *114 114*2 114 D e c ’Ol .... 111*2 115*8
General g 4s series A ..el9 8 9 J-J 112 Sale 112*4 112*2 35 110 114*2
Registered.................«1989 Q-J * ........109*2 105*2 F e b ’9b
General g 3*28 series B.el989 J-J
1
Chic & L Su D iv g 5s....1921 J-J 116 1.21 i l 8*4 N o v ’0 * .... 116*2121
Chic & Mo B iv D iv 5 s...1926 J-J 118*4 121*2 121*4 D ec’Ol .... 118 122*4
Chic & Pac D iv 6s......... 1910 J-J 114*2....... 116*8 Oct ’01 .... 116 119
Chic < P W i s t g 5s...... 1921 J-J 116*2 120 119*4 D ec’OL .... 116*2122
fe
Dak & Gt So g 6s........... 1916 J-J 114*4 ... . . . 114*8 N o v ’01 .... 111*4 116*4
137*2 J’ly ’99
Far (fe Sou assu g 6s...... 1924 J -J 130
Hast & D D iv 1st 7s...... 1910 J-J 120*4 126 123*4 Oct ’01 .... 120*4 126*2
8
s
1st 5s........................... 1910 J-J 107*4........ 1097 D ec’Ol .... 109 7 110*2
185 Oct ’01 .... 185 188
I (fe D Exten 1st 7s........1908 J-J
LaCrossetfeD 1st 5s....1919 J-J 114*4....... 117*2 Oct ’01 .... 117*2.119
Mineral Point D iv 5s___1910 J-J 108 ........ 110*4 N o v ’01 .... 108 110*8
a
So Minn D iv 1st 6s...... .1910 J-J 114 116*2 117*4 D ec’Ol .... 1147 119*2
2 113 117*2
Southwest D iv 1st 6s___1909 J-J 113*2114*2 116*2 116*2
116*8 120
W is < Minn D iv g 5s___1921 J-J 116 ....... 118*8 N o v ’01
fe
116 119*8
M il & N o 1st M L 6 s....1910 J-D 114*4........ 116 ''J ’l y ’01
1st consol 6s............... 1913 J-D 118*4........ 118*4 S e p ’01 .... 118*4 122
Chicago < Northw estern
fe
139*2.142*2
Consolidated 7s...... ....1915 Q-F 140 141 140*2 D ec’Ol
Gold 7s........................... 1902 J-D 103 ....... 103*8 D ec’ Ol .... 102*8 108
J-D 102*8........ 102 D ec’ Ol .... 102 108
Begistered.................. 1902
Extension 4s....... 1886-1926 F-A 108*2109*2 109 D ec’ Ol .... 108*4112
O
Registered......... 1886-1926 F-A 107*4 110 107 M ar’ O
General gold 3has........... 1987 M-N 1 0 8 *4...... 111 O c t ’01 ___ 109*4 111
103 N o v ’ 98
B egistered............... #1987 Q-F
116 N o v ’ 01 » « « o 113*2 116*4
Sinking fund 6 s...1879-1929 A-O m
ii7
111 Oct ’00
Begistered......... 1879-1929 A-O
A-O 108 i i o
2 1063 110*8
4
Sinking fund 5s. ..1879-1929
108*2 108*2
107*8 May’01 .... 107*8107*8
Begistered......... 1879-1929 A-O
6 108 110*4
Debenture 5s................. 1909 M-N 107*2108*2 108*2 103*2
108 Oct ’01 .... 108 108*8
Begistered...................1909 M-N ...... .110
Debenture 5a................. 1921 A-O 114*4....... 114*4 Oct ’01 .... 114*4 117*4
Registered.................. 1921 A-O I l l *4....... 114 Oct ’ 01 .... 114 114
Sinking fund deb 5s...... 1933 M-N 121*2 124*2 121*2 D eo’03 .... 12-1*2 125*4
123 May’ 01 .... 122 123
Begistered.................. 1933 M-N
Des Mo (fe Minn 1st 7s..1907 F-A
113 113
Milw<fe Madison 1st 6s.. 1905 M-S 109*4........ 113 J a n '01
©
8H
North Illin ois 1st 5s___1910 M-S 110* i ........ H O 7 Oct ’01 .... 1107 1
Ott C F < St Paul 1st 5s 1909 M-S 110*5....... 110*4 A u g’01 .... 110*4 1111
fe
4
120*8Nov’ 00
Winona & St P e t 2d 7s.. 1907 M-N 118*4
M il L S & W est 1st g 6s 1921 M-N 136*2........ 136*4 D ec’ 01 ••• • 135*4 1*41*4
123*2l27*s
J
E x t (fe Imp s fund g 5s 1929 F-A 126*4....... 127 D ec’ O
Ashland D iv 1st g 6s.. 1925 M-S 141 ....... 143*4 A p r ’ 01 ..
143*4 1433
i
Mich D iv 1st g 6 s ..;...1924 J-J 139*2 Sale 139*2 139*2 , 2 138*8 143
107 *8 Feb ’01 « « . • 107*8107*8
Convertible deb 5s___1907 F-A
113 113
In co m es..................... 1911 M-N * 110*2........ 113 A p r ’01
i 127*4 132*4
Chic Rock Is l & Pac 6 s...1917 J-J 127 130 132*4 132*4
10 126 132*2
Registered.................. 1917 J-J 125*8....... 126
126
J-J 105*2 100 105*2 107*2 65 105*8 HO
J-J *105*4....... 106*2 N o v ’01
105*21077
a
s
a
Des M & F t D 1st 4 s....1905 J-J
997 F e b ’01 •••• 99 7 99 7
8
J-J
86*4 A u g’O
O
1st 2 has....................... 1905
Extension 4s............. 190E J-J
97 " D e c ’ O
O
8
Keok & Des M 1st 5s___192S A O *i0 9 *2 ........ 1117 A u g’01 .... 110*2112*2
Chic (fe St L S ee Atch T & Sa Fe
Chic St L (fe N O See 1 1 Cent
1
Chic St L & Pitts See Penn Cc
J-I) 140 141 140
1 134*4 142
140
M-N 139 ........ 139*2 139*2
1 134 140*2
MO 140
J-J 138 ....... 140 M ar’01
A-O *129 ....... 129*2 D ec’Ol .... 127 132

M IS C E L L A N E O U S B O N D S —Continued on N e xt P a ge.
S treet R a ilw a y
Brooklyn Rap T r g 5s...... 1045
A tl A v Bkiyn Imp g 5s..1934
B k C itv 1st con 5s. 1916, 194 1
Rk Q (Jo < H con gu g 5s. 1941
fe
Bkiyn LJn E l I s t g 4-60.1950
K in gs Co E l l s t g 4s___1949
Nassau Elec gu g 4 s ___1951
City (fe 8 By Balt 1st g 5s. 1022
Con n By (fe L I st, < ref g 4 > ’5 J
fc
2S
Den Con T r Co 1st g 6s ...) 933
Den '! ram Co con g 6s..J 910
M et Ry Co 1st gu g 6s. .191 J
Dot f it H I f l y 1st con g 5s. 1905
Or Rapids Ry 1st g 5s...al0J 6
Ix/uls Ry Co 1st coil g 5s. .1930
M arket Ht C f l y 1st g 6s.. J9J3
M et H t Ry gen col tr g 5s. 1997
i; w a y
71h A v 1st e g 5s 1943

No

S treet R a ilw a y
103*2 110*2 M et St B y—( C o n t in u e d )
Col(fe 9th A v l s t gu g 5s. 1993
Lex A v (fe P F 1st gu g 5s 1993
i l l ” 1.15"’
100 105*8 M et W H El (Chic) 1st g4s. 1938
98 103
MU E l B y (fe L 30-yr g 5s. 1926
88
95
Minn St Ry 1st con g 5s.. 1919
St Paul City Cab con g 6s. 1937
Guaranteed gold 5s........ 1937
Third A v e 1st gold 5s.......1937
. . . . . . . . . . . . J00*4 N o v ’01 .... 100 hi 101
95 J’ne’O
O
1st con guar 4s.............. 2000
Union El (Chic) 1st g 6s.. 1945
W Chic St 40-yr 1st our 5s. 1928
40-year consol gold 6 s ...1936
................. 103 N o v ’01 .... 101*2 103
G a s and E le c tric L ig h t
j 09 M ar’ 98
Atlanta G L Co 1 stg 6s... 1947 J-D
120 121 120*2 1207, 1 117 *2 122*2 I'.os U Gas tr ell’s s r g 5s. 1939 J-J
> 9
118 ....... 121*2 121 >
1
2 4 118 122*4 Bkiyn U Gas 1st con g 5s. I 945 M-N
2
1O07 •••#•• 100*2 100*2
0
110 J a n ’ 99
115 D ec’ Ol
98 *2....... 100 D eo’01
101*4 Hale 100*4 101*4 '.84
90 D eo ’Ol
........ . . . . . .

if/M latent bidandasked this week, a D Jan d Duo Apr
a/i
uo

e Due M g Duo
ay

j’ly

122
122 ....... 122
122
121*2 123 122
102 D e c ’Ol
100 Oct ’99
110 A p r ’01
113*8....... 114*2 N o v’01
125 126
99*4 Bale
122 125

1 121*4 120
14 120 123*2
98 103*8
—

110 110
111*2114*2

9 123
124
126
99*4 101*4 552 100
109 *2 D eo’99
99

D eo’97

91. *8 Oot ’98
ii'Ohj 117*2 110*« 117

fc D Aug p
uo

126
105

Duo Nov

4 1 1 5 *2 li9 V

sO
ption sale

Bond Bocord—Continued—Page 2

N , Y , S'J
W ee

BON U a
CHANGE
J AN. 3

B r ic e

Friday
Jan, 3

Range
Year
1 9 01

JFfiuh. N o |La w H i g h
os
87
89% 69 m
107 % J4y '01
107% 107%
117 119%
117% ...... 119 % NovHll

B id

Chic “F ° Ter 'ii IBS g 1 **-.194
Ohio t» West 1 1at a Fg i is., 1919
.*£193*2 Q
OdfiftTii gold
Ohio j£ West M idi Ry 5s..19*21 j
s
Oiloo Oit J G gen g 5a .. .u 1.919 J
fe
Oio H A D oonaol a i 7a__1905 a
2d gold 4%s.
, _„ ,..... 1937 j
Gin D A 1 1st f a g 5a... 1941 fw
f
0 1 St L 2 0 See O 0 O & St L
b
Oin S A G
0 C G St L
ClflAffiSld A Mali iS ie B
ej
P
Cleveland Gill Ohio < Bti l.oula
fe

Weefc‘8
R ange or
L a s t S a le

87

Ask

Low

Sale

100

i v f h* in n
ii3 % I^

Oct *
09i

103
1111
113
114

Jan *00
Deo'O
Oct J
00
Dec^Ol

111% 111%
112% 116

101 105%
103% Sale 103% 103%
99
99
Cairo Div 1st gold 4a.... 1939 j J -102 ...... 09 Jan’01
98% 104%
Ciii W & M D iv 1st g 4s.1991 J j '103 104*9 104% Dec *01
102 105%
S i L Div 1st col tr g 4a..1990^1.n 103 105 103 %Deo’01
99 May’99
Registered.... ............ 1990 M-N
100 J‘ne*01
100 100
99
Spr & Col D iv 1st g 4a.. 1940 M-S
83 X o v‘99
W W Val Div la t g 4a...1940 j . j
C I S t L & O consol 6a . 1920 M-N
106 X o v ’01
104 106
1st gold 4a.. . . . . . . . . . . feL936 Q-* 105
Registered . . . . . . .../cl936 Q-F
113% 115%
Gin 8 A 01 con la t g 5a.. 1928 J-J 111 .... 116% Oct *01
130 138
O O C A 1 oonaol 7a.......1914 J-D 130 133Na 131% P ly *01
Oonaol sink fund 7a___1914 J-D
135% Deo *01
133 138%
General oonaol gold 6s. 1934 J-J *130
Begiatered__________1934 j-jr
i04% N ovvdi
i04% i04%
laid B1 & W 1st pref 4a. 1940 A-0
O Ind & W la t pf 5a...<21938 Q-J
19 95 100%
98%
99
98% 99%
Peo d East lat con 4a... 1940 A-0
b
77% 22 45% 79%
77 % Sale 75%
Income 4a..................1990 A p r
115 115
Ol Lor A Wh con la t g 5s. 1933 A-O 116 % ..... 116 X o v’01
d e v & Marietta A
’eaPenn E ll
129%May*01
129% 130%
d e v A Marion Val g 5a... 1938 J-J *129 __
Registered..................1938 Q-J
d e v A Pitta See Penn Co
66 78
82
84
82 Sale
87%
Col Midland 1st g 3-4a....l947 J-J
12 77
82%
85
82 % Sale
87%
la t gold 4a...............1 9 4 7 J-J
91 Sale
89%
91% 282 83
00%
Colorado So Son la t g 4 a ... 1929 F-A
Colxun & Greenv See So B y
Col & Hock Val See Hook Val
Col Conn A Perm See N A W
Conn < Fas Bivs la t g 4s. 1943 A-0
&
ak A Ct So See C M & St P
alias A Waco See M K & T
117% 123%
Del Lack A W estern 7a... 1907 M-S 118% ...... 118%Xov,01
136% 140
Morris < Essex 1st 7s...1914 M-N 135 ....... 138 Oot *01
&
136% 140%
1st oonaol guar 7s.___ 1915 J-D 136% ...... 139 N o v’Ol
140 Oct ’98
Registered............... 1915 J-D
133% 137
X Y Lack & W 1st 6 s...1921 J-J *1 3 6 % ..... 137 D ec’ 01
118% 119%
119% J’ly *01
Construction 5 s .......1923 F-A
104% 104%
104% Dec *01
Term < improve 4a___1923 M-N
fc
116 Dec*01
Syr Bing < N Y 1st 7s..1906 A-O 116 .
&
116 117%
W arren 1st ref gu g 3 *28.2000 F-A
145% 147%
147% 147%
Del & Hud 1st Pa D iv 7s.l917 M-S 147%:
149 Aug* 01
149 150
Registered.................. 1917 M-S
114%Dec*01
A ll) & Sua la t con gu7e. 1906 A-0 114 .
114%117
122 J’ne’ 99
Registered.................. 1906 A-0
110% D ec’ 01
110%111%
Guar gold 6s........*..1 9 0 6 A-0 i i o % ;
109% 112%
109%Nov*01
Registered............ ..1906 A-0
150% 153%
152 Oot *01
Bens < Saratoga 1st 7s.l921 M-N i s o ’ * ;
&
151 151
151 Jan *01
Registered................. 1921 M-N
B el B iv R B Bridge S eeP a R R
D e a r < B Gr 1st con g4s.l936 J-J 101 101% 101% 103% 12 100 104%
fe
...... 113% 114% 14 108 114%
Oonaol gold 4%s............1936 J-J n o
Improvement gold 5s... 1928 J-D 110% 111% 110% Dec *01
107 118%
Bio Hr So gn See Rio Gr So
89% 06
89%
Den & S W est gen s f g 6s 1929 J-D --- -- 01% 89%
Dos Mol 3 F t D See C R < I P
b
fe
Pea M tfe Minn S ee Ch < N W
fc
108% 111
111 Peh *01
D e s M o iU n B y 1st g 5s.. 1917 M-N 105
Det M < T o l See L S & M S o
&
102 J*ly *01
B et & Mack 1st lien g 4s. 1995 J-D
102 102
90%
90
92% 90%
85
98
Gold 4 s .................
1995 J-D
3>ul & Iron Range 1st 5s.. 1937 A-O 113
110% 118
118 Bee *01
R eg istered ..................1937 A-O
2d 3s........
..1916 J-J
Bui So Shore & A t l g 5s..1937 J-J
115 Bee *01
|X12 118
ast of Minn See St P M & M
ast Ten V a
Ga See So Ry
K lgin Jol & East 1st g 5s.1941 M-N 114%
112% 113
113 Bee *01
MBs L ex
B San See C < O
&
Elm Cort
S e e Leh <feN Y
E rie 1st ext gold 4 s . . .1947 M-N
115 119%
118% 115 N ov’01
119 121
119 Nov*01
2d ext g
o
l
d
1919 M-S 119
8d ext gold 4 % s ...„ ...«1 9 2 3 M-S 114 —
111 118
111 J*ly *01
4th ext gold 5s..__ ..O...1920 A-O 118%
123%124
123% Mar* 01
108 Xov*01
5th ext gold 4s............... 1928 J-D 100
107 108
1st ©onsol gold 7s.___ ...1920 M-S
139 143%
141 140% Dec *01
1st oonsol g fund 7s___.1920 M-S
135% 137
137 Nov*01
99% Sale 99% 101% 126 95% 101%
E rie 1st con g 4s prior.. 1996 J-J
R e g is te re d .............. 1996 J-J
99
99
99 A u g‘01
1st oonsol gen Men g 4s..1996 J-J
91% 703 82% 91%
90 Sale 89%
Registered....... ......... 1996 J-J
Penn o o lltr g 4s___....1951 F-A
95% Sal© 95
95% 145 92% 96%
B u ffN Y & Erie 1st 7s..1916 J-D 132 ...... 136% Oct *01
136%1S6%
Buff & S W gold 6s....... 1908 J-J
Chic < E rie 1st gold 5s. .1982 M-N 123% Sal© 12S% 123%
&
116 123%
Jeff R R 1st gu g 5s___al909 A -0 105% ....., 106
106
105 108
Lon g Dock oonsol g 6s.. 1935 A-O
137 140
137 X o v ’01
C o a l& R R 1st cur gu 6s. 1922 M-N 113
Bock & Imp 1st our 6s.. 1913 J-J
118%121
118% Aug’01
X Y & Green L gu g 5s. 1946 M-N
109 Oct ’98
M id R R o fN J 1st g 6s. 1910 A-0 115
115%Deo’01
115 118%
X Y Sus & W 1st ref 5s.1937 J-J
111 119
>119 117% Dec *01
2d gold 4%s...............1937 F-A
94 Feh ’01
94
94
General gold 5s.......... 1940 F-A 10 9 % .™ 110 Deo *01
100 110%
Terminal 1st gold 5s.. .1943 M-N 1 1 5 % .... 115% X o v ’01
116% U5%
Regis $5,000 each... 1943 M-N
W ilk & Ea 1st g u g o s .1942 J-D 110
107% 112
110
110
S rie
Pitts See Penn Co
ra rek a Springs 1st g 6s.. 1983 F«A|
65 X o v’97
Evansville < Terre Haute
fe
1st consol 6 s ................1921 J-J 122 „„
125% Bee *01
123 126
1st general gold 5s....... 1942 A-0 108%..
107 111
109 Bee *01
M t Vernon 1st gold 3s.. 1923 A-O 112 . .
Still Co Branch 1st g 5s. 1930 A-0 101 ..
Ev<feXnd 1st con gu g 3 «..1 9 2 3 J-J 108%..
108 114
114 Aug’01

General g 4a___.........1993 J-D

D

E

BO ND S
X . y 4s t o c k e x c h a n g e
W eek E nding J j
XN. 3

[V o l. l x x i v .

*■3

B r ic e
F i'id a y
Jan, 3

W eek's
Range or
L a s t S a le

B onds
S o ld

m i

M ange
Year
1901

H ig h N o L o w H ig h
B id
A SA L o w
O ar go
So See Gli M & St P
i 1 n fc< P e r e M See P e re M ar
1 fc
105
1.00 Sep '00
Fla Celt tfe Pen 1st g 6s... 1918
1st land gr ext gold 5s.. 1930
....
Consol gold 5s...............1948
105 108
- ------105 Mar* 9 8
Fort St U D Co 1st g 4%s. 1941
107 76%i i i "
108% Sale i m
F t W & Den C 1st g 6s..,. 1921
1os %
1 67
* 88% 89% 89%
92
89%
F t W &> Rio Gr 1st g 3-4S.1928
/ j al lia r & S A See So Pac Co
104 104% 106 X o v’01 .... 101 105
H o f 18821st 5s.1018
106 D ee’98
Ga 8 Ala R y 1st pf g os... 1945
b
*109 .....
98% Nov* 00
1st oonsol 6s................ ol946
1 0 8 % ...... 109 Dec *01 .... 109 109
Ga Car & No 1st gu g 6s.. 1929
Georgia Pacific See So Ry
Gila V G<fe Nor See So Pao Go
G out & Oswegat See N Y Cent
Grand Rap & 1ml See Penn Co
Gray’ s P t Term See St L S W
96% Sale
96%
99 903 95 101
Gt Nor—C B < Q coll tr 4s 1921 J-J
fc
Greenbrier Ry See Ches & O
an & St Jo See C B & Q
ousatonic See N Y S H & H
21 103% 110
107% Sale 107% 110
Hook Val Istconsolg4% s.l999
Registered.....................1999
105 ...... 104 Oct *01
104 106%
Col & Ft V 1st ext g 4s.. 1948
Houst E & W Tex See So Pac
Houst & Tex Cen See So Pao Co
*115 ....... 115% A p r’01
115% 115%
I llinois Central 1st g 4s.. 1951
113% Mar’00
1 Registered..................1961
......1 0 7 ^ 106 D ec’01 .... 104 107%
1st gold 8%s..................1951
102% A pr *98
Registered.......... .......1951
1st gold 3s sterling....... 1951
Registered..................1951
io e % ....... 104% Oct *01
104 106
Coil Trust gold 4s.........1952
102 O c t’01 ___ 102 102
Registered.................. 1952
* io s % ...... . 106% D ec’01 .... 102 106
L N O tfeTex gold 4s....1953
98 Jan ’00
Registered.................. 1953
113 . .. ..
Cairo Bridge gold 4s___1950
100% 103
102% N o v’01
Louisville D iv gold 3%s. l958
Registered.................. 1953
121%
128 May* 99
Midland D iv reg 5s....... 1921
91
90% A pr *01 .... 90
St Louis D iv gold 3s___1951
Registered................. 1951
101% 102%
101% Aug’01
Gold 3%s.......
..1961
101% Oct *99
Registered............... 1951
100 N o v’00
Spring D iv 1st g 3%s...l951
1 112% 115%
114% Sale 114% 114%
Western Lines 1st g 4s.. 1951
Registered.................. 1951
124 124
124 May* 01
Bellev & Car 1st 6s......1923
90 N ov’98
Carb < Shaw 1st g 4s...1932
fc
127 ....... 130 D ec’01
126 i30
Ohio St L & N O g 6s...1951
123% 124
124 Sep *01
Registered....... ......... 1951
101% 101%
9 7 % ...... 101% O c t’01
Gold 3 %s..............
1951
Registered............... 1951
i"05 109% 106 Oct ’01 .... 106 107%
Memph Div 1st g4s..H951
Registered............... 1951
104 i07 i05 Bee *01 .... 105 105
St L Sou 1st gu g 4s___ 1931
Ind B1 W est See C C C < St L
fe
*109 ....... 109 N o v’Ol
105 109
Ind Dec & W 1st g 6s.......1935
-1st guar gold 5s..............1935
*100% ....... 100%Dec’ 01
98% 100%
Ind 111 < la 1st g 4s........1950
fe
123 128
123% 124 123 D ec’01
In t
Great N or 1st g 6s.. 1919
100 100% 100
100% ‘ s i 96 103
2d gold 5s.....................1909
65
80
72
75
3d gold 4s...............
74% N o v’Ol
1921
116 % ...... 116% 116% ” 6 115% 119
Iow a Central 1st gold 5s.. 1938
Jefferson R R See Erie
al A < G R See L S & M S
&
an & Mich See Tol & O C
K C & M R < B 1st gu g 5s. 1929 A-O
fc
Kan C & Pacific See M K & T
72 Sale
71%
72 102 66% 72%
Kan City Sou 1st gold 3s.. 1950
Registered................... .1950
63% Oct *00
Kansas Mid See St L & S F
Kentucky Cent See L & X
Keok & Des Mo See C R I & P
Knoxville & Ohio See So R y
118% 124%
*122% ....... 122%Dec*01
ake Erie < W 1st g5 s.. 1937
fc
2d gold 5s...... ............1941
118% N o v’ Ol .... 117 120
110 115%
114’ "
Xorth Ohio 1st g u g 5s.. 1945
112%Bec*01
L Sho < Mich S S e e N Y Cent
fc
110%May*01
110% 110%
Lehigh V a l (Pa) coll g 5s. 1997
Registered 5s.___. . . ____1997
108 iio % 110% N ov’Ol
108% i i i %
Leh V al N Y 1st gu g 4%s,1940
108% 111
166% ...... 108% N o v’ Ol
Registered.................. ..1940
114% 118%
118% Oct *01
Leh V Ter R y 1st gu g 5s. 1941
309% Oct *99
Registered...............
.1941
109 109
*108%....... 109 J’ne’01
Leh V Coal Co 1st gu g 5s. 1983
Registered.....................1933
95 100
Leh & X Y 1st guar g 4s.. 1945
97 N o v’Ol
Registered....... ............ 1945
i i e 110
E l C N 1st g Is t p f 6s.1914
100 ....
101% Sep *99
Gold guar 5s....... .....1914
Leh & Hud R S ee Cent of X J
Leh & Wilkesb See Cent of X J
Leroy & Caney V a l S ee Mo P
Lomg Dock S ee Erie
121 123
120 ... . . . 121% X o v’01
Long Island 1st con g 5s. M9S1
*104 «
1st oonsol g o ld 4 s......?il9 S l
1 100 105
General gold 4 s ............1938
102 Sale 102
102
101%....... 105 J’ne’01
102% 105
Ferry gold 4%s— --1922
*102 ....... 100 Oct ’00
Gold 4s............
1932
Unified gold 4 s ...... ...... 1949
100% Sale 100 D ec’ 01 .... 97 i o i
95
95
*104% ....... 95 F eb ’01
Debenture gold 5s___...1934
Bklyn < Mont 1st g 6s.. 1911
fe
. .... 110%
109%110
*109 ...... 1 109% j ’ne’01
1st 5s................... .....1911
113%117 107 Jan *99
X Y B < fe M B ls tc o n g 5 s l9 3 5
112% ....... 105 Mav’ 00
N Y & R B 1st g 5s...... 1927
113 Dec’ 00
112%..
N o r SliB 1st con ggn5s ol932
Louisv & Xashv gen g 6s. 1930
1 1 8 % ...... 118% 118% 52 112 121
111 114%
Gold 5s.......... ............... 1937
113 ....... 114 Sep *01
Unified gold 4s..............1940
101 Sale 100% 101% ‘ 87 99% 104%
Registered....... ......... 1940
110% 114%
Coll trust gold 5s.......... 1931
113 ....... 113 N o v’Ol
. Coll trust 5-20 g 4s.1903-1918
100 % ..™ . 100% Dec *01 ... . 99 102
Ceeilian Branch 7s......1907
106 Dec *00
1 1 3 % ...... 113% Dec *01 .... 118 116
E H & Nash 1st g 6 s....1919
HI%
. 108 Jan *98
L Gin
L ex gold4% s.„. 1931
i O & M 1st gold 6s....1930
i is o i¥ i%
*!S 0 ....... 123% 128%

H

K

L

M ISC m iLLA N E O U S B O N ® S-€outinu © d an N e xt P a g e .
G as and E lectric L ig h t
Ok S L A C Co Bee P G O _.
Oelumbus Q tm 1st g 5s....1932 J .J
....
Conn R y
L See Street Ry
Con Gas Co S ee P G < C Co
&
Detroit City Gas g 5s..___ 1923 J-J
06 Bee *01
m
B et Gas Co ©on 1st g 5s...T
F-A 105 _____ 105 Oct *01 ....
Ed E l 1 1Bkn See K C o E I ___
1
B d E 1 1 S ee N Y O A E L H & P
1
E41G L N Y la t oon g os..1931 M-S 119
118% Oct *01 ....
Eq G < Fuel S ee P G & C Go
fc
Gas<fe Elec Berg Co c g 5s. 1949 J-B
01% Oct *01 ....
Gr Rap G L Co 1st g 5s...1915 F-A •*o w ••••— 107% Bee *00
K C Mo Gas Co lo t g 5s...1922 A-O
Kings Go El L & P g 5s...1937 A-O
,
Purchase money 6s....... 1997 A-O 124
124% Bee *01
E d B lH B k n ls lo o n g ls 1939 J-J
90 . . . . . . 97%Xov*01
Lao Gas L of 8t L 1st g 6s.«1919 Q-F *108%110 108% Bee *01 ....
H u t Fuel Gas Co See Peop Gas
* N o price Friday; latest bid and asked this week, a Due Jan

,* k 4«4
a«fr * i
94
102

103
106

118% 118%
61% 102%

123%126%
90
97%
107 110
d Due Apr

G as and E lectric L ig h t
Xew ark Cons Gas oon g 5s 1948 J - D
X Y G E L H & P g 5s ...1948 J-D
Purchase money g 4s... 1949 F-A
Ed E l III 1st oohv g 5s.. 1910 M-S
1st oonsol gold 5s_____ 1995 J - J
X Y & Q E l L*fcP 1st con g 5 sl930 F-A
Paterson & P G < E g 5s. 1949 M-S
fc
Peo Gas cfc C 1st gu g 6s..1904 M-N
2d guar gold 6s. . . . .
1904 J -D
1st con gold 6s.............. 1943 A-O
Refunding gold 5s
1947 M-S
ChG-L<fc Cke 1st g u g 5s 1987 J-J
Con G Co of Ch 1st gu g 5s.’86 J - D
Eq G < F Ch 1st gu g 6a. 1905 J-J
&
Fuel Qas 1st gu g 5s. 1947 M-N
Tstuton G
E l 1st g 5s.. 1949 M 8
Utica E L * P 1sts r g 5 s . 1950 J-J
Western Gas Co col tr g 5s 1938 M-N
e Due May A Due J’ly k Due Aug

|
112 113% 112% 112% 2
97 Sale 96%
79
97
107% 108 107% Bee *01
117%.................Apr *01
121%
104 104% 108% 104 ' 24
121% Sale
I I Z Z ii< T
107% 108
_____
105 m ie
____ 108

102

108% 116
94% 98%
.105 109%
121 121%
102 104%

107 J’ly *00
103% 104
102 %J’ne’ 01
120
171% ' 1 120 120
106 Dec *98
108 m %
110% Nov’ Ol
104% 110
108 Dec’01
103 106%
106% Nov’Ol
106
105
‘ 9 103 100
109 Feb'01
109 liH>
107 %Jan *01

n':\,U>rs,

#D O f D D i O
uo ot
uo eo
ption *a
i©

Bond Record— Continued— Page 3

January 4, 1903.
BONDS
N. Y. STOCK E X C H A N G E
W e e k Endlno J a n . 3

51

P r ic e
F r id a y
Jan. 3

W e e k 's
R ange or
L a s t S a le

*
9
l ql j
p c/

Ud
A$k Low
H ig h Ao
Louisv So Naali v — ( C o n t i n u e d )
N O A M 2d gold Ga......1930 J-J 118 121 120 N o v ’Ol
O
Pensacola Dlv gold 6s... 1920 M S 112 ........ 116 D eo’O
St L D lv 1st gold Gs...... 1921 M-S 124 ........ 124 *3 D ec’ 01
73*3 A n g’0 L
2d gold 8a................... 1980 M- 8
118 N o v ’O
O
Hender Bdge ls t a f g 6s. 1981 M-S
99
90
8
99 Sale
Kentucky (Tent gold 4s.. 1987 J-J
L A N A M A M lstg4*3Bl045 M-S 110*4_____ 110*3 M ar’ 01
4
N F l a A B 1st gu g 5 s...1937 F-A 1143 ....... 111 A u g’ 01 —
Pens A A tl 1st gn g GS..1921 F-A 112*4........ 114*4 N o v ’ Ol
S A N Ala con gn g 5S..193G F A 1 14 *i........ 115 Deo *01
Sink fond gold Gs....... 1910 A-0
iOO Mar’ 01
L A Jeff Bdge Co gu g 4s.. 1945 M-S
L N A A O h Ses O i So h
a h o n Coal See L S A M S
onhatton By oonsol 4s. 1990 A-0 106*i 106 105\ 105*4 11
105*4 May’ 01
Begistered............... 1990 A-0
8
116*3
Metropol El 1st g 0 »---- 1908 J-J U S ...... 114
Man S W Oolonls g 6s----1934 J-D
a K ’pt A B V See N Y Cent
etropolltan El See Man By
59
82 *4 Sale
82
84
ax Cent oonaol gold 4s.. 1911 J-J
82*4 Sale
81*i
83*4 944
1st oonsol Inoome g 8s.al939
22*4 SoU
21*i
22*4 201
i d oonsol Inoome g 3s. .al939 J
Equip A ooll gold 5s...... 1917
2d series gold 6s......... 1919 A O
M ex In tern et 1st eon g 4s. 1977 M-S »»»......... 90°8 J ’l y ’01 ....
108 *8 A p r ’00
B a x N a t 1st gold 0s......... 1927 J-D
97 N ot ’01 __
Sd lno 0s A cp s tm p d ..M 9 lt M-S
32 N ot ’01 ....
id Inoome gold 6s B...M .917
H e x North 1st gold 6s— 1910 J-l
it > < r : : : : : 105 May*00
'ioh Cent See N Y Cent
of N J S * o K t U>
L0A W
See C h ic A N W |
A Mad See Chic A N W
A N orth See Ok M A St P
A 04 P S ee Ch M A St P
A St L 1st gold 7s.. 1927 J-D 147 . . . . . . 147*3 F e b ’ 01
^ova E x 1st gold 7s.— 1909 J-D 117*1........ 119 D ec’01
Pacific E x 1st gold 6s... 1921 A-0 125 ........ 123*3 A p r ’01
uth W est E x 1st g 7s.1910 J-D 117*3....... 122*3 F e b ’ 01
t oonsol gold 5s..........1934 M-N 120*4 Sal© 120*4 120*4 ' “ 3
M-S 103 104 103 D e c ’01

M

Range
Year
1 9 01
Low

H ig h

119 »a 120
124*3120*4
73*3 73*3
90*4 102
110*3 112
111 115
111*3117
110 116*3
100

100

102 107
106*4 105*4
114 117*3

S

J

80*3 90
20
38*4
13
27
82*4 91*«
85
23

98*4
84*3

147*3147*3
119 122*3
123*3 123*3
122*3122*3
110*312is4
97 105

BONDS
N . Y. STO CK E X C H A N G E
W eek E nding J a n . 3
Ii — ( C o n t i n u e d )
Gouvdb Oswe lfltgu g5 s 1042 J -I)
Moh
Mai 1st gu g 4 s..1991 M-S
Inoome 5a.................... 1092 He p
N J June B gu 1 s t4 s ...1980 F-A
Begistered.................. 1986 F-A
N Y * Pu 1st con g u g 4s 1993 A-O
N or So Mont 1flt gu g 5s. 191G A-0
W ost shore 1 s t4s g u ...2361 J-J
Begistered.................. 2301 J-J
Lake Shore oonsol 2d 7s. 1903 J-D
Begistered.................. 1903 J-D
Gold 3 'as..................... 1997 J-D
Registered............... 1997 J -I)
Det Mon So T o l 1st 7s. 1906 F-A
K a A So G R 1st gu c 5s. 1938 J - J
Mahon O’l H R 1st 5s.. 1934 J-J
P itt* M cK So Y 1st gu Gs.l 932 J-J
2d guarGs....................1934 J-J
M cKees So B V 1st g Gs 1918 J-J
Mich Cent 1st consol 7e. 1902 M-N
1st oonsol 5s................1902 M-N
0s.................................1909 M-S
6s.................................1931 M-S
Registered................1931 Q-M
4s................................. 1940 J-J
Begistered................1940 J -J
Bat C & Star 1st gu g 8s. 1989 J-D
N Y & Harlem g 3*38...2000 M-N
Registered.................. 2000 M-N
N Y<fc North 1st g 5s...1927 A-O
B W<fc Ooon latext'5 s.h l922 A -0
Oswe So R 2d gu g 6s...el915 F -A
R W & O T R l s t g u g 5s. 1918 M-N
Utica So Blk R ivgu g48.1922 J-J
N Y Ohio So St L 1st g 4s. 1937 A-O
Registered..................... 1937 A-O
N Y < Greenw Lake See Erie
fc
N Y So H ar See N Y C & Hud;
N Y Lack So W See D L & W
N Y L E & W S ee Erie
N Y So Long B r See Cent of N J
N Y & N E See N Y N H < H
fc
N Y N H So H ar 1st reg4s. 1903 J-D
Convert deb certs $1,000...... A-0
Small certs $100................
Housatonic R con g 5s.. 1937 M-N
N H So Derby con g 5s..1918 M-N
N Y < N E 1st 7s......... 1905 J-J
fc
1st 6s.......................... 1905 J-J
N Y So N orth See N Y O So H
N Y O So W ref 1st g 4s..#1992 M-S
Regis $5,000 only....... #1992 M-S
N Y & Pu t S ee N Y C So H
N Y So R B S ee Lon g Island
N Y S So W See Erie
N Y T ex So M See So Pac Co
N o r & South 1st g 5s....... 1941 M-N
N o rf So W est gen g 6s...... 1931 M-N
Im provem ’t So ext g 6s.. 1934 F-A
N e w R ive r l s t g 6s...... 1932 A-0
N So W R y 1st con g 4s. 1996 A-O
Registered.................. 1996 A-O
C C tfeT 1st gu g 5s....... 1922 J-J
Scio V So N E 1st gu g 4s 1989 M-N
N orth Illinois S ee Chi So N W
North Ohio See L E rie So W
Northern Pacific—
P rior lien ry So 1 g r g 4s. 1997 Q-J
Registered.................. 1997 Q-J
General lien gold 3s___ a2047 Q-F
R eg istere d ........... ...a2047 Q-E
C B So Q coll tr 4s S ee Gt N or
St Paul-Dul D iv g 4s___1996 J-D
Registered.................. 1996 J-D
St P So N P gen g 6s___1923 F-A
Registered c e r tifie s ..1923 O- F
St Paul So Dul 1st 5 s.... 1931 I?-A
2d 5 s ..........................1917 A-O
1st consol gold 4s........1968 J-D
Wash Cent 1st g 4 s ........1948 Q-M
N o r Pac T er Co 1st g 6s..1933 J-J
N o r R y Cal S ee So Pae
N o r W is See St P M < O
&
N o r So Mont S ee N Y Cent
In d So W See C C C & St L
hio R iv e r R R 1st g 6s. 1930 J-D
General gold 6s.............. 1937 A-0
Ore < Cal S ee So Pao Co
&
Ore R y & N a v S ee Un Pac
Ore R R < N a v See Un Pao
ft
Ore Short Line N e^U n Pao
Oswego So Rome S ee N Y C
O O F So St P S ee C & N W
ac Coast Co 1st g 5s___1940 J-D
ao of Missouri See Mo Pac
Panama le t s fund g 4 ^ s .. 1917 A-O
Sink fund subsidy g 6s.. 1910 M-N
Penn Co gu 1st g 4*38.......1921 J-J
Registered..................... 1921 J-J
Guar 3*38 coU trust reg. 1937 M-S
C St L So P 1st con g 5s. 1932 A O
Registered.................. 1932 A-O
Cl So P gen g u g 4 ’os ser A . ’42 J-J
Series B .......................1942 A-O
Series C 3*38............... 1948 M-N
Series D 3*28............... 1950 F-A
E rie < Pitts g u g 3
fe
B.1940 J-J
Series C.......................1940 J-J
N<fe C Bdge gen gu g 4*281945 J-J
P O C So St L con gu g 4 *28—
Series A .......................1940 A-O
Series B guar.............. 1942 A-0
Series C guar.............. 1942 M-N
Series D 4s guar......... 1945 M-N
Series E 3*2 guar g ___1949 F-A
P itts F t W<fc C 1st 7s. ..1912 J-J
2d 7s.............................1912 J-J
3d 7s........................../tl912 A-O

t and refund gold 4s.. 1949
J-J
n A St L gu Sis B O B A N
103 N o v ’ Ol .... 98 103*3
J-J
95
......... 98 A p r ’01
A P 1st 6s atpd 4s in t gu 1930 J-J
98
98
S S M A A 1st g 4 int gu 1926
97*s
98*3 99 90*4 100*e
98
Bale
8 tP A S 8 M con g 4 in t gu ’ 38
J-D
U n See St P M A M
831 Sale
*
81*3
83*4 66 75
87
F -A
Mo Nan A T e x 1st g 4 s...1990 M-N 103*4 Sale 103*4 104*8 33 97 106
2d gold 4 s.,.................. 01990 M-N 101’a ........ 98 Sep ’ 01
98 100
90 D ec’ 01
1st ext gold os............... 1944 M-S ........ 91
87*3 913
4
Dal A W a 1st gu g 5S...1940 J-D 106 100 107*8 107*8 “ 7 96 108
102*3 2 9934 105*8
Kan O A Pao 1st g 4 s...1990 F-A ........102*3 102
M £ A T of T 1st gu g6s.l94 2 J-D
8hor 8h A So 1st gu g 5s. 1943 A-0
111 D eo’ 01
107 111*3
Tebo A Neosho 1st 7s... 1903 M-N i i i * i ....... 116 Oct ’ 01
114 117
*12 119*3125*8
Mo K A B 1st gu g 5s...... 1942 M-N ........124
123*i 123*3
55 100*3109*3
Missouri Pacific 3d 7s...... 1906 M-S 107 Sale 107
107*3
1st consol gold Gs.......... 1920 M-S
T ro st gold 5s stamped, a l 917 F-A 108*4 Sole 108*4 i08*4 22 103 i i o
B egistered ............... al917 F-A
1st eoD. gold 5s............... 1920 ‘9 i
......... 91 N o r ’01
F-A
89*3 91
B egistered ................. 1920
100 100
J-J 103 i o $ 100 May’01
i B r B y 1st gu g 4s.1919
105 107
F-A 100*2 107*4 106*4 D ec’ 01
A 0 Y A L i s t g 6s 1920 J-J 118 ........ 115*3 N o v ’ Ol
113 115*3
of M o 1st ex g 48.1938 A-0 117 i l 8 117*4 118 ‘ l 6 114 119
extended gold 5s. ..1938
110 118 115*3 D eo’ 01
A-0
114*3116*3
Lr M A 8gen con g 5el931
dSHSale
93
95*3 i i i 84*4 96*4
J-J
Gen con stamp g td g 5s 1931 J-J
unified A rex gold 4s.. 1929 M-S
__IT.
9&
Begistered............... 1929
erdi V I A W l s t g 5s.1926J-J 109 ____ 110*4 J T y ’ 00
B ir Bridge See Chic A A lt J-J
.... ...... ......
90
A Binn prior lien g 6s 1945 J-D
90
9&
ortgage gold 4s........... 1945 J-D 129^4____ 180
6 127*3132
180
b Jack A K C 1st g 5s.l946j-J 1 2 5 ^ ____ 125 N o v ’ Ol
121 130
b A Ohio new gold 0s.. 1927 -S
97 D e c ’01
87*3 97
extension gold 0s..7il927
115 D eo’ 01
110 1163
4
F-A
aeral gold 4s.............. 1938
J-J 101 ...... 99 Oct ’ 01 .... 99 101*3
Montgom DI t 1st g 5s.. 1947 Q-F
92*i 96
96*4 N o v ’Ol
95*4 95*4
St L A Cairo gu g 4s___ 1931
Collateral g 4s........... $1930
hawk & Mai S ee N Y C A H
ngahela B lv S ee B A O
ont Cent S ee S t P M & M
organ’ s La A T See 8 P Co j - j 126*4 Sale 126*4 129*3 6 126*3 130
orris A Esaex See Del L A W A-Ol 112H ....... 114 D eo ’01
111 110
ashChat A St L i s t 78.1913 J-J
118 D eo’ 99
1st consol gold 58........ 1928 J-J
Jasper Branoh 1st g 0s..1923 J-J
111 D eo’ 99
MSM M W A A l 1st 0s..1917
T A P Branch 1st 0s___1917
ash Flor A She! See L A N
ew H A D See N Y N H A H
J Juno B B S ee N Y Cent
A -0
N e w A Gin Bdge S ee Penn Co
O A N E prior lien g 08»1915 J-J 102*3....... 100*8 D eo’ 01
104*3108
Y Bkln A Man Bch Bee L I J-J
4
102*4 102*4 50 1023 107*8
Y Cent A H B 1st 7s...1903 J-J i'08 ....... 110 D ec’ 01
107*31103
4
Begistered.................. 1903 J-J
109*3l09*a
109 *3 May’ 01
Gold mortgage 3 tis ........1997 M-S 103*4 ....... 108*3 D eo’ 01
101 106*3
Begistered.................. 1997 M-8 103*4 0011 103*4 108*4
7 103 106\
Debenture 5s o f...1884-1904 M S
99*4.. .. 109 *3 S ep ’97
Begistered......... 1884-1904 J-D 100* i ....... 103*1 A p r ’01 .... i02*4 104*8
B e gist deb 6s o f... 1889-1904 J-D
100*8 D ec’01
99*8 102*4
Debenture g 4 s ___1890-1905 M-N 100 Sal* 100*3 100*^ 1 100 103«8
Begistered......... 1890-1905 M-N
100*i N o t ’01
100 *s 100*8
Debt certs ext g 4s....... 1905 F-A *5 iK tiiH ' 97*3
99
97?u *54 95
Begistered.................. 1905 F-A
95«i D eo’01
94
97*3
Lake Shore coUg 8*3*-. .1998 F-A
96S
97*8 73 93*t 97*3
95°s Sole
B egistered.................. 1998 F-A
96*3 Sole
97
95*3
95*3 28 90
Mich Cent coU g8*39___ 1998 J-J 111 116 111*4 Sep ’ 01
111 112*8
B egistered.................. 1998 J-J
100 J ’ne’98
Beach Creek 1st gu g 4a. 1930 J-J 117*3........
Begistered.................. 1930 J-D
2d gu gold 5s.............. 1930
Cart A Ad 1st gu g 4s. ..1981
92
96
02*3 D ec’01 .... 92*3 92*3
Clearfield Bit urn Coal Coip—
1st s f int gu g 4s ser A 1940
M IS C E L L A N E O U S B O N D S -C on tin u ed on N e x t P a g e

a

O

P

f

T ele g ra p h and Teleph on e
Utt Telep So T el coll tr 4s 1929
OtBun Cable Co 1st g 4 s..2897
Begistered.....................2397
B r te T A T ool tr g « f 6s.. 1920
T A T 1st h f g 5s...... 1918
o t Un Tel Co See Westn Un
Y A N J Tel gen g 5s.. 1920
o Westn Teleg See W est Un
Pent Union col tr ear 5h. 1938
Jffl and real est g 4 »2« . .. 1950
M n t Un Tel « f wnd 0 »... 19J I
North western T el 7s___1904

J-J

9-J

h

M-N
M-N
J-J 110 **
M-N 108
M-N 112*4
J-J

Coal nnd Iron
Cah Coal Min See T O I A B
Ole ar t Bit Coo I See N Y O So H
Oo: O A / ext 1st con g 0s. 1902 F-A
GoJ C So / Dev Co g ii g Oh . 1909 J-J

mo price

.— ‘ W

35
P r ic e
J V ld a y
Jan. 3
JJid

A 8/c L o w

55 Nov'OO
Friday; latest bid fuad asked this week, a Duo Jan

if *«•
cqvj

J ilg h , N o

Range
Year
1 9 01
Low

H ig h ,

107*3 J 'ly ’00
1lOU D ec’01 .... 99 *4 1 16 U
106*3....... 108 D ec’01 .... L08 108
105*3....... 106 *3 N o v ’Ol .... 104 > 106 *Q
2
112*4 114*3 20
1 12*4 D eo’Ol ... .
107*4 D ec’01 ....
107*8 Dec *01 ....
108*3 D ec’01 ....
JKU3 Mar’O
O
1 1 6 * ........ 117 °b May’01 ....

1123 Bale
4
*112 .......
107 * t .......
107*8........
108*3.......

139
130

111 110*3
1 10*3 116*3
107*h 118
107*8 111
107 *3 111 *4
117

117c8

128 J’ ne’01 .... 128 128
........ 14038 A p r ’01 .... 1463 140a8
8
___

1013i D ec’01 ....
<
100*4 N o v ’Ol ....
118^ D ec’01 ....
131 A u g’01 ....
125 O c t ’01 ....
*110*4....... 110 D ec’01 ....
100*3 N o v ’O
O
♦ ........ 93
* ........115*3 115 7 May’O
8
O
101 * ........
100*3.......
118*8.......
1 3 1 * .......

101 *8 106*8
100*4 103*4
118*3 119
127 13138
125 125
no no

120*4....... 122*2 May’01 .... 121 122*3
126*4........ 120*4 D ec’01 ... . 125*4 129
113 A p r ’99
113
i"08‘* i ....... 110*3 N o v ’Ol .... 110*4 110*3
107 *3 Sale 107*3 107*3 17 106 109*a
107 D e c ’01
105 107

100 D ec’01
........ 206 D ec’01
203 D e c ’ 01
135 ....... 134*8 J ’ly ’01
*117 ... . . .
114 J a n ’00
*108*4....... 108 S e p ’01
204

103*3104*3 103*3 104*4
101 *3Nov’98

100
.... 196
.... 195
.... 134

102
206
203
130

—

110

108

7 101*3108

112*4 J’ly ’01
134 D e c ’01 ....
131 Oct ’01 ....
131.3 Oct ’01 ....
4
102*4 1027 13
s
103 N o v ’Ol ....
105 ....... 107*3 J’l y ’01 ....
5
101*3 102 101*4 101*4

111 ........
133*8.......
130 .......
132 .......
102*4 Sale

104*4 Sale

104*4
104
73*2 Sale
73*8
72
72 Sale

........100

100

110*4 112*3
132 136
129*3 133*1
131 134
99*3 104
103 103
107*3107*3
99 104

1053 57 103 106
4
25 103*31057
104
s
e
73*3 83 69*3 737
2 69
723s
72
100

10

993 102
4

....... 130*3 D eo’Ol
132 J ’l y ’99
121 ...... . 122*3 F e b ’01
110 ........ 114 N o v ’Ol
100 ....... 100 D e c ’01
947 D ec’01
s
92*3 96
*1 1 7 *4 ...... 117*3Deo’01

.... 128

112*3 J’ne’Ol
95 D ec’O
O

112

112*s

109*1_____ 111*4 D ec’01

108

113

........ 103*4 D ec’01
101 D eo’O
O
112*4....... 114*3 N o v ’Ol ....
112*3 N o v ’Ol ....
11038111*3
102 N o v ’98
123 D e c ’01 ....

102

105

112 i l 5 * i
110*3114*3

130

106

iio

115*3........ i21
115*3

121*4120*1

Oct ’66

102

131*3

.... 122^ 1221
2
a
.... 1103
8117
.... 100 100
.... 947 947
s
q
.... 115*8119

103

N o v ’O
O

*112
*115 ....... 115 D eo’Ol
*116*8....... 115 D ec’01 ••••
* 1143 ........ 116*3 F e b ’01 ....
4
1063 N o v’Ol
4
97 “ May’01 __
130*4 131 133 D eo’Ol
130*4 131 132*3Deo’01 I##.
129 ....... 130 A p r ’01 —

114 118
113 117*4
116*3110*3
106*4 1O0«4
97
993
4
132*3136*3
132*3130*4
128a 136“8
4

106*4 F e b ’01
106*4106*0
59 9G3 108
4
105*3 106
95*8 Jan ’97
107 May'9 7
80 May’97
106 Oct ’00
108 D eo’Ol
112 D eo’ Ol
106 Feb *00
102*3 102*3
32 Jan ’00

M an u factu ring <fc In du strial
104*3 Am or Bicycles fdoben 5s 1919 M-B
00
60 Sale
Am Cot Oil 0X14*38......... 1916 Q-F *100 ....... 100
e Due May g Due J’no k Duo J’ly j) Due Nov 8 Option sale.

Bep’01 . . . . 101

h

........1 12

Coal and Iro n
Col Fuel Co gen gold 0s... 1919 M-N 105*3.......
lO O ^M oy’Ol
100*3100*3 Col F So 1 Co gen s f g 5s.. 1943 F-A 100 Sale
100*9 Oct '00
Do Bard el C So I S e e T C So I
Gr B lv Coal So O ls tg G s ..l9 1 9 A -0 108*3 -.
109 Oct ’99
114 N o v ’01
114 114
Jeff < C le a rC So I ls t g 5 s . 1926 J -D
fe
2d gold 5s...................... 1920 J -D 104
113*4117
113*4 Oct ’01
Pleas Val Coal 1st g a f 6s.1928 J-J
lioch So P itC So I pur in 5s. 1946 M-N
111 115*h Sun Ck Coal l s t g s f 6s...1912 J-D
114*3 D ec’01
108
108 ” 2 J05*3 109 *3 Term Coal T D iv 1st g 6s.al 917 A -0 107*3........
111 110
111 J’ ne’01
Birm D iv 1st consol 6s. .1917 J-J 109 .......
Cah C M Co 1st gu g Gs.1922 J-D
De Bar O So I Co gu g 0s. 1910 F-A ■102 102
‘
W h L E A P C Co 1st g 6s.1919 J-J

101

'W e e lc 'i j
Range or
L a n t S a te

104
105
1 100

00
1
D eo’Ol —

55
99

110
112
104*o

82
102

Bond R O l—Concladed—Page 4
eO rC

o(5
BOM pi?
W fiiK
l&
IM
J-

a H tt is
Stc

IV J
lI1
.1935 M-l

p m. b

Gr R J

i 1st U •
F -i
l%sl041 J ■,
B,,, 1936
. its, 1944= M

i A Nash

W

eek

E n d in g J a n . 3

Price
F rid a y
Jan. S

P a n ye or
L ast Late

P a n ye
Year
1901

^ i^
i
Oe
%P

H igh Fa Low H ig h
Ask Low
Hid
Ask Luw
Migh\ A7 Low High 8 mi hem Pac Go—( Cont inued)
o
01
Gila V G A N 1st gu g 5s. 1924 M-N * 1 0 7 110 100 Dec1 .... 105 108
.09% 109%
...... 09% N ov’01 .
. 06% Nov1
1
01
106 106%
IIoils E A W T 1st g 5s. 1933 M-N- 104
-*d
.103
1st gu g 6s redeemable.. 1933 M
...
112% Dui/Ol
ilb~ “ 113%
l i A '! O 1at g 5s in i g u .. 1937 j - J n o
6 110 112
112
112
Consol g 6s ini a:uar.. /IQ I 2 A-O 1111*2
l i 86% 95
93%
M
M
G i n gold 4s tut guar. -192 i A -O
-02 ‘ ov 6 7
N
3
m 126 126
12:6
1
.12% Mar'00
Waco A I f W div 1st g 6s '80 MC 125 1.27 K 126
136
15 136 187%
M or gans La A T 1st 7s. 1918 A - 0 1.36 Sale 186
s
10 7 r.r.r.
123 Aug’01 — j 123 125
1st- gold 6s........... ...... 1920 J-J 125
i l l 1 1 2 %;
112 Jan ’01
in
N Y T A Max gu 1st g 4a. 1912 A -O
105 ......
No of Oat 1st gu g 6s___1907 J J 107^....-.
118%
. 117 May‘00
1 1 3 "' i i i T "
Guaranteed gold 5s ___1938 A-O 118 . . . . . 1 18 5 t i X)j
1
105% 107
Ore A Oat 1st, guar g 68/1927 J-J J 0 1 % ....... 105 % Nov’01
87% Sale
m h-. 89% 41 77% 91%
133 % 133 %
S A A A Pass 1st gu g 4s.1943 j -.J
129 131% 133% Jan ’Oil
110% 114%
0
101 Oct ’00
So P of A r gu I s t g 6s c l 909 i 0 J -J 111 ..... 113 Dec ■ 1
107 111%
If)7 % Bee’01
126 ' i 27
S P of Oat 1st g 6s......1905 A -0 . . . . . . I l l
i 24 % 127 * 127 Feb ’01
106% 108%
108 Dec /01
108 114%
1st g 6s series B ......1906 A-O
113 115 112% Dec/ 01
108 109
109 Bee ?
01
01
109 115%
1st g 6sseries C A I). 1900 A-O
114 117 114% N o v1
1st g' 6s series K A F . 1912 A -O
. . . . . . ... ...
******
119 120
120 Peb’0
1st gold 6s..............] 9L2 A -0 1 1 6
137*’ N ov’97
107 Nov’00
1st con guar g- 5s___1937 M-N 110
109
109h 16 106% 111
107% Oct ’98 .... ... . . . ... ...
Stamped......1905-1937 M-N 109 Sale
r ' 7 "
110 114%
114% Oct ’0L
S Pac of N M ex 1st g 6s. .1911 J -J 114%
120 120
J
S 1 Coast 1st gu g 4s.... 1937
^
121 ... . . . 120 Oct ’01
110 110%
110 A p r’01
A
T ex A N O 1st 7s.......... 1905
‘ 114 . . . .
106% N ov’97
S 112 hi.
Sabine Div 1st g 6s___1912
103% 111%
108% J 'ly ’01
J
Con gold 5s.......... ....1943
113*8 I I S ’s
117 ... . . . 118% S ep ’01
111% 124%
98 J‘l y ’97
outliern—1st con g 5s
1994
J 121K Sale 121% 124%
116 120%
122
122
101% Oct *01 .... 99 io i%
J
Registered............. . 19 94
J f9 8
109 112
112 S op’01
101% B ec’ 01
98 101%
J 111
Mem B iv 1st g 4V 5a... 1096
96 101
99%
99%
‘ 120 ...... 121 % M ar’01
121 121%
St Louis div 1st g 4s___1951 J-J
120 120
120 M ar'01
98% 100% 181 92% 100%
98% Sale
A la Gen R 1st g 6s....... 1918 J-J 117% .
93
97
97 B e e '01
98
92 A p r ’01
92
92
A t l A Banv 1st g 4s......1948 J-J f 96
A t l A Yad 1st g guar 4s. 1949 A -0
119% 121
121 J’ne’01
Col A Greeny 1st 6s ......1916 J-J
117% 120%
E T Ya A Ga D iv g 5s. .1930 J-J ...... 121% 119 Nov’ 01
117 121
101% 50 98% 103%
101% Sale 100
Con 1st gold 5s....... ..1956 M-N 120 121 120 % 120 %
111% 116%
114 Nov’Ul
40 93% 96%
96
96
E Ten reor lien g 5s...... 1938 IVl-S 116 ....
*...... . 96
5 90
97
97
97 Sale
Registered................ .1938 M-S
90
124% 128%
128% Boo’01
107 ....... 105 F e b ’01
Ga Pac Ry 1st g 6s....... 1922 J-J 128
105 * 105
127% Bee’01 .«.. 124% 129 "
84 N o v’ 01
Si
83
Knox A Ohio 1st g 6s... 1925 J-J
80% 85
97%
97%
97% 4 95
97
91
93% "44 92% 94%
Mob A Ohio coll tr g 4s. .1938 M-S
Registered................. 1938 M-S
12.1 124%
125 123% B ec’Ol *:M
Rich A Bail con g 6s— 1915 J-J
101% J’l y ’00
Equip sink fund g 5s.. 1909 .M-S
1 109 111%
A -0
* i b i % ....... lb i% N c v *0i
101% 101%
Deb 6s stamped. /.___ .1927
i
83 B ee’00 .... ;
Rich A Meek 1st g 4s... 1948 :m -n
i
108 Dec*#!! . ... l106 fi b
So Car A Ga 1st g 5s— 1919 M-N
.... . :...... ......
j
102 Cot ’99!
as ****.. 95 Dec *01
V irginia Mid ser D 4-5s.lQ21 m - 8
89% 98
114 Sep’01
114 114
Series E 6s..................1926 M-S
113 117
General 5s..................1936 M-N 116%....... 117 Cct ’01
1 115 116%
Guar stamp ed.........1936 M-N 115%....... 116% 116%
93 ....... 91% Sep ’00
W O A W 1st o f gu 4s.. 1924 F-A
W est N C 1st con g 6s.. 1914 J-J 120 % ........ 120% 120% 1 116 120%
S A N A la See L A N
T
117 J’l y ’00
* 1U % 113% 110 Dec *01
110 114% Spok Falls A Nor 1st g 6S.1939 J-J
110
110
110 114% Stat Is l R y 1st gu g 4f;ss.-1943 J-B
* iS 2 ...... 133% D ec’01
125 130% Sunb A Lew See Penn R R
S y r a B in g A N Y 8' ^ B L A W
*115% 116% 117 B e c ’01 .... 112% 119
102% Oct ’00
Y eb o A N SeeM K A T
113%116
114%Nov’01
er A of St L 1st g 4: q..1939 A-O *114%.
%
* 97% ....... 96% O c t’01
91% 102
116 Bec’Ol . . . . 115 116%
1st con gold 5s..... 1894-1944 F -A 116 „
100
3 100% 100%
100 Sale 100
114 Nov’01 . . . . 113 115
96%
98% 89 97% 98%
97% Sale
St L M Bge Ter gu g 5s. 1930 A-O 112 .

tid
109

A
peo A* Fast*
C U C w fet i
ptjo A Bek Uu 1st g 6a.. .1921
2d gold 4 %s..... ..... .......519 21 n
Pore TV!arq—P A P M g 6b-1920 i \ o
1st consol goid 5s..... .1Odd W
I-N
P i Huron D iv 1st g 5s. 1939 AC)
Sag T ub A I I 1st gu g 4s.1931 F A
5 jits Creek reg g O Os. ..1932 J-D
*1
i.ii'
Pitts Ciu A? St A See Penu Co
' hits Giev_A To! 1st g 6a.. 1922 A O
! htxs Ft W A Ch See. P©nu Go
‘ hits J luio 1st gold 6s......1922 J-J
hits & L Erie 2d g 5s . , .al92b A -0
. hits M cKees A Y See IN Y Gen
! htls Sh A L E 1st g 5S-..194U A O
1st consol gold 5 s . 1943 J-J
S ltts A W est 1st g 4s.___1917 J-J
j P M A Go cerFls... . . . . . . . . .
P itts Y A Ash 1st con 5s. 1927 MINI
T> eading Co gen g 4s......1997 J-J
X V Registered.............. 1997 J-J
Bensselixer A Sar S ee B A H
jtioh A Dan See South R y
Rich & Meek See Southern
Bio Gr W est 1st g 4s...... .1939 J-J
Consol and col trust 4s .1949 A -0
Utah Gent 1st gu g 4s.al917 A-O
Rio Gr Juno 1st ga g 5s... 1939 J-D
Rio gr So 1st gold 4s....... 1940 J-J
Guaranteed ..„...........1 9 4 0 J-J
Booh A Pitts See B R A P
$tame W at A Og See N Y Gent
Rntland 1st con g 4%s.,..1941 J
RuLCanai 1st gu g 4 %s. 1949 J
* g Tus A EL See Pore Marti
t Lake 0 1st g s f 6s.. 1913 J-J
fit Jo A Gr tsl 1st g3-4s.. 1947 J-J
fit Law A Adiron 1st g 5s. 1996 J-J
2d gold 6 s _ .................1996 A O
S t L A Cairo See Mol) A Ohio
•fit L A Iron Mount See M P
f i l L K O & H S ee Wabash
S t L M B r Bee T R R A of St L
m L A 8 Fran 2d g 6s Cl B 1906 M-N
2d gold 6s Class C...... -.1906 M-N
General gold 6s__ _1931
J-J
General gold 5s.....*....1931 J-J
st trust gold 5s_______ 1987 A-O
t L A S F R R gold 4a..1996 J-J
Sonthw D iv 1st g 6s.. 1947 A-O
Refunding g 4s.-........1951 J-J
R egistered.............. 1951 J-J
fit Louis So S ee Illinois Cent
fit L 8 W 1st g 4s l>d otfs.1989 M-N
07 Sale
2d g 4s ino bond ctfs...;pl989 J-J
78 Sale
Gray’s P t T e r 1st g u g 5s 1947 J-D
fit Paul A Bui S ee 1T Pacific
S or
fit Paul M A Mail 2d 6s...1909 A-O *116 117
1st consol gold 6s.......... 1933 J-J
Registered..__________ 1933 J
Reduced to gold 4%s..l933 J
U 3% i u %
Registered...............1933 J-J
Dakota ext gold 6s.,-...1910 M-N * i i 6% .****.
Mont ext 1st gold 4 s ....1937 J-B 103% .......
Registered....... ......... 1937 J -B * 101% *.,**.
R Minn 1st div 1st g 5s.„X908 A-0 106% _____
Registered............... *.1908 A-0
N or D iv 1st gold 4s.... 1948 A-O ****** •****■
R egistereo........... *.1948 A-0
Minn Union 1st g 6s. .*.1922 J-J 126 *......
Mont C 1st gu g I s ....... 1937 J-J 137% ***...
Registered.................. 1937 J-J
1st guar gold 5s.......1937 J-J 121% .™ ..
Registered.. . . . . . . . . . 1937 J-J
W ill A 8 P 1st gold 5s..1938 J -B i'24%
Registered..................1938 J-B
®t P A N or Pac See N or Pac
fit P A S’x City See C St P M AO
& Fe Pres A Ph 1st g 5S...1942 M-S 109 _____
§ A A A P See So Pac Co
fi F A N P 1st sink f g 58.1919 J-J *112 **,**.
fi&v F A W 1st gold 6s....1934 A-0 127%
1 1st gold 5 s....................1934 A - 0 112 .****.
: v St John’s B iv 1st g 4s.. .1934 J-J *. 93 ____
A la Mid 1st gu gold 5s.. 1928 M-N
Bruns A W ls tg u g 4 s ..l9 3 S J-J
Sil SpOca A G gu g 4s..1918 J-J
90
Scioto v al A N E See N or A W
Seal) A Roa 1st 5s....... ...1926 J-J 113 .****.
Car Cent 1st con g 4s... 1949 J-J
fiber Shr A So S ee M E A T
Sil Sp Oea A G S ee Sav F A W
Sod Bay A So 1st g 5 s.....1924 J-J 103 .......
So Car A Ga See Southern
Southern Pacific Co—
.. 2-5 year coll tr g 4 ^ s ___1905 J-D
99% Sale
Gold 4s (Cent Pac coll). &1949 J-B
93% Sale
R egistered.............. .&1949 J-B
A A 1T W 1st gu g 5s___1941 J-J
S
Cent Pac 1st ret gu g 4's 1949 F -A i 03% Sal©
Registered........
1949 F-A
M ort guar gold 3 %s.. £1929 J-B
87 Sale
Registered............ h i 929 J-B
Gal Har A S A 1st g 6s..1910 F-A 111% ..*..,
2d gold 7s...................1905 J-B 105%107
M es A Pac 1st g 5s. .^1931 M-N 105 ......

i

nQ$m
N. Y. STOCK EXCH ANG E

Pan ye
Year
1901

Week's
hI s
Banye or
Last Sale

Price
Friday
Jan, j

V. STO

[V o l . LXXIV.

T

96%
77

97% 406
79% 234

95% 101%
71
82%

116% 116%
140 B e o ’01
137% F e b ’99
115% B e c ’01
118% A p r ’01
116% B e c ’01
105% B ec’01
106 May’01
106% B e e ’01

5 115% 118%
139 142

.ooo— .* ..* ...

.................

128
140
115
124

A p r ’O . 0.
G
Oct ’01
A p r ’97
B e c ’01 —

1 2 0 * A p r ’09

111

Atxg’Ol

113 116%
116% 116%
116 120%
102% 107%
106 106
106 110

132

i 40

121 124
... ... ... . . .

104

111

113% D ec’01
110% 113%
128
128 “""I 128 128
123 B e c ’99
95% N o v’01
94
95%
111 B e c ’ 01
106% 111
87 Aug’01
87
87
90
90
5 91% 91%
104% F e b ’9£ ....

100

Bee *01

100

100

99
99^ 13 95% 101%
93%
933^ 18£ 83
95%
89 Oct ’01
89
89
111 J ’ne’01
96 111
102% 103 ^ 72 100 103%
99% J’ne’O ....
C
87
87
4C 83% 89%
111 Oct ’01
106 B e c ’01
107% Oct ’01

i 08% 113%
106 107%
100 107%

TeY A N O See So Pac Co
Tex A Pac E Biv 1st g 6s ..1905 M-S
1st gold os................... 2000 J-D 119% Sale
2d gold inc 5s.............. #2000 Mar
La B iv B L 1st g 5s......1931 J-J
Tol A O C 1st g os........... 1935 J-J *112 .
Western B iv 1st g 5s...1935 A-O M i l .
General gold 5s............1935 J-B *103%.
Kan A M 1st gu g 4s--- 1990 A - 0
91 Sale
T o lP A W i s t gold 4s....1917 J-J
90% Sale
Tol St L A W pr lien g ShsS. 1925 J-J
83 % Sale
50-year gold 4s.............1950 A - 0
98 ......
Tor Ham A Buff 1st g 4s.hl946 J-B
| lister A Bel 1st con g 5s 1928 J-B
U n Pac RR A 1gr g 4s.. 1947 J-J 105 Sale
Registered..... ........... 1947 JrJ
1st lien convert 4s......1911 M-N 106% Sale
Registered.................1911 M-N
Ore Ry A N a v ls t s f g 6s 1909 J - J 129% Sale
Ore Ry A Nav con g 4s. 1946 J-D 102 Sale
Ore Short Line 1stg 6s.. 1922 F-A 128% Sale
1st consol g 5s........... 1946: J-J 115%.**..
Non-com inc A 5s___7il940 Sep 104 .....
Utah A Nor 1st 7s....... 1908
Gold 5s................
1926
Uni N J RR A C Co See Pa RR
Utah Central See Rio Gr Wes
Utah A North See Un Pacific
Utica A Black R See N Y Cent
\Ter VaX Ind A W See Mo P
V irginia Mid See South Ry
abash 1st gold 5s..... 1939 M-N 119 Sale
2d gold 5s.......... ...1939 F-A 114% Sale
Debenture series A ..... 1939 J-J
98 ......
Series B .................... 1939 J-J
67% Sale
Bet A Ch Ext 1st g 5s. .1941 J-J 109%.....
DesMoin Biv 1st g 4s.. 1939 J-J ....... 97
St Clias Bridge 1st g 6s. 1908 A-O 111 ......
Warren See Bel Lac A West
Wash Cent See Nor Pac
Wash O A W See Southern
W estN Y A Pa 1st g 5s..1937 J-J 120 Sale
Gen gold 3-4s................1943 A - 0
Income 5s......
<21943 Nov
West No Car See South Ry
West Shore See N Y Cent
W Va Cent A P 1st g 6s. .1911 J-J
Wheel’g A L E 1st g 5s... 1926 A-O ' 115 .....
Wheel Biv 1st gold 5s. .1928 J-J 7 U
.....
Exten A Imp gold 5s... 1930 F-A 113% 116
1st consol 4s.................1949 M-S
92% Sale
Wilkes A East See Erie
W il A Sioux F See St P M A M
Winona A St P See C A N W
Wis Cent 50-yr 1st gen 4s. 1949 J-J), 89 Sale

W

104 F eb’01 .. 104 104
119% 119% 4 115% 120%
7 90 100
97
98
111 J’ne’01 . . . . 110%111
115 Nov’01 ___ 113 117%
112*8 Nov’01 ___ 112% 115%
107 Nov’01 __ 103 108%
99%
98
98% 6 95
1 86
91
91
95
93
90%
92% 87 88
81%
83% 231 73
85%
100 Nov’01 ___ 98 100
106% 109%
109% L e e ’01
105
107% L01 103% 107%
104% B ec’Ol .... 103% 106%
87
106% 107% 2 4 103 129
i09
109" “
102
102% 114
128
129% 3
117
117% 40
103% Oct ’01
117% J’ne’Ol ___
113 Mar’01

110 112%
101% 105%
125 180
115 121
103H 106
117 119
113 113

22 117 120%
118% 119
24 107% 115
114% 115
100 Bec’Ol .... 96% 102%
81
70
66
68% 1 1 40
111 Oct ’01 _ 110 111
20 95
98%
97
97
110%Deo’01 — 110 112
23 119
120
122
100 B ec’Ol . . . . 95
40 Mar’01 . . . . 31

122
100%
40

113%113%
113% Mar’01
112 Oct ’01 __ 112 117%
113 May’01 __ 111%116%
112 113
113 Beo’01
94
92
92% 8S 89

88%

90% 16$ 85% 92%

M ISC E LLAN E O U S BONDS—Concluded.
Blanulactua'lng
Industrial
A m Hide A L 1st s f g Gs.^1919 M-S
Am Spirits M fg 1st g 6s..1915 M-S
Am Thread 1st col tr 4s... 1919 J-J'
Bar A S Car Co 1st g 6s... 1942 J-J
Consol Tobacco 50-yr g 4s. 1951 F-A
Distillin g of America collateral
trust gold 5s..............191! J-J
Q-ramercy Sttg 1st gold 6s. 1923 A-0
3 1Steel Co deb 5s.... ...... 1910 J-J
Q
Non-conv deben 5s.......1913 A-0
Int Paper Co 1st con g 6s. 1918 F-A
Knickerbocker Ice (Chicago)
1st gold 5s................ 1328 A-0
N at Starch Mfg Co 1st g 6s 1920 IVI-N
N at Starch Co s f deb 5s.. 1926 J-J
Stan Rope A T 1st g 6s... 1946 F-A
Income gold 5s............ 1946
U S Leath Co s f deb g6s.. 1913 M-N

No price Friday;

M iscellaneous

97

Sale
on

94
80

m

io s
Sale 65

86

Sale
90

100%
111 114

97% 91 90
80
4 75

98
85

Jan ’0(5
66% 1 8 62 % 67%
61

86
88
18 82
99% Apr *01
90
99 Jan *99
100% J’ne’Ol
100
112
112
14 105

88
100
100%
112

98 Aug* 00
107
105 B ec’Ol
105 i i o
85
92 Nov’01
91
96
59 Sale 55
59
60 47
72%
7
8
6%
8% 163
5% 12
112%
112%Dee’01
112% 115%
98

Adams Ex col tr g 4 s..___1948 M-S
Am Dk A Imp 5s See Cent N J
Bhin Ferry Co 1st cm g 5s 1948 F-A
Bkln W A W II 1st tr ctfs..
Chic Jc A St Yard cot g 5s.1915 J-J
Bet M A M Id gr 3%s S A . 1911 A-O
Hack Wat Reor 1st g 5s.. 1926 J - J
Hoboken L A I gold 5s.... 1910 M-N
Mad Sq Garden 1st g os.. 1919 M-N
Man Bell 11A L gen g 4s, .1940 M-N
Newp N e Ship A B I) 5s <71990 J-J
N
A Cnt Land 1st g 6s.. 1910 F-A
RR Secur Co 50-yr g3%s.!951 J-J
St L Ter Guppies Stat’n A Prop
Co 1st g 4%s 5-20 year.. 1917 J -D
S Yuba Wat Co con g 6s. . 1923 J-J
Sp Val Wat Works 1st 6s. 1906 M-S
Vermont Mar 1st s 15s. ..1910
’

105% Sal© 105% 105%

1 103

8.5% 17 S3
Sale . 88%
68
76 Bec’Ol
T29 “ ff- - - 111 Mar’01 * o > 111
V II:
80
80 Sale 29%
85

109
91%
78
1 l
85%

****** ***—
**
90 Oct *99 . . . .
91% Bex/01
‘ 91 % ' 91%
......- ’ **«** 101 Feb ’97
1.18%J ly *00

latest bid and asked, a Due Jan 6 Due Feb ct Due Apr a Due J’ ne h Due J ’ly ic Due Aug n Due Sep p Due N oy

Due Beo .vC puew sxl*

LH E

J a n u a r y 4, 1902.]

C H R O N IC LE .

Volume of Business at Stock Exchanges
T R A N S A C T I O N S A T T IN A N E W Y O R K S T O C K E X C H A N G E
D A IL Y . W E E K L Y A N D Y E A R L Y
-------------------S to c k s

W eek e n d in g
Jan 3

1 902

Par

S h a re s

4c

R a ilr o a d
B onds

v a lu e

S ta te
B onds

...........

$2,319,500
$37,800,700
2.346.500
60,007,000
2.917.500
64,928,600
..........H O L I D A Y .............
4,575,500
95.437.700
1,025,898
4,233,000
95.186.700
1,034,127
420,682
834,140
739,586

S atu rday ...........
M o n d a y .............
T u e s d a y .............
W ed n esd a y........
T h u rsd a y...........
F r id a y ...............

4,054,433 $362,459,700

T o t a l ...............

W eek e n d in g

Sales at
New York Stock
Exchange

1901.

1902

$19,000
35,100
10,500
25,000

$16,392,000

Jan 3

U S
B onds

$89,600

............

J a n u a r y 1 to J a n 3

1901

1902

7,044,263
4,054.433
S tocks—N o. shares
P a r v a lu e ........ $362,459,700 $672,775,650
$14,250
Bank shares, p a r..
BONDS
$237,900
$89,600
G o vern m en t bonds
45,000
S tate bonds........
17,188,500
16,392.000
B R . and mis. bonds

2,060,025
$190,624,400

5,002,676
$474,167,250
$14,250

$35,500
8,808*500

$140,650
45,000
10,621,000

$17,471,400

$8,844,000

$10,806,650

T o ta l bonds.

$16,481,600

D A I L Y T R A N S A C T IO N S A T T H E B O S TO N A N D P H I L A D E L P H I A
EXCHANGES

W e e k e n d in g
Jan 3
1902

P h ila d e lp h ia

B o s to n
L is te d
s h a re s

S a tu r d a y .......
M o n d a y ........
T u e s d a y ........

B ond
s a le s

L is te d
s h a re s

U n lis te d
s h a re s

B ond
s a le s

$161,765
41,096
145,300
84,239
78,450
90,270
___ H O L I D A Y . . . .
187,301)
77,978
21,317
75,928
200,615
9,284

496
1,355
1,515

$19,100
140,800
127,300

1,798
3,126

126,300
66,600

357,691

8,290

$480,100

18,030
12,004
13,017

20,611
25,891
19,567

T h u rsd a y.......
F r id a y ...........

U n lis te d
s h a re s

29,866
27,672

73,652

T o t a l.......... 123,607

$785,250

Outside Securities
F or

W e e k ly R e v ie w

S tr e e t R a ilw a y s
NEW YORK CITY
B le e c k St & F u l F stk 100
ls t m o r t 4 s 1950___ J-J
B ’w a v & 7th A v e stk.100
I s t m o r t 58 1 90 4...J-D
2d m ort 5s 1914.......J-J
Con 5s 1943 S e e Stock
B ’w a y S u rf 1st 5s g u 1924
2d 5s in t as re n ta l 1905
C en t’l C rosstow n stk.100
1st M 6s 1922.......M -N
Cen P k N & E R iv stk 100
Consol 7s 1902.......J-D
C h ris tT & 10th S t stk 100
Col<& 9th A v e 5s S e e Stock
D ry D E B < B a t stk 100
fe
1st go ld 5s 1 9 3 2 ...J-D
S crip 5s 1914........ F - A
E ig h th A v e n u e stock 100
S crip 68 1914........ F - A
42d < G r S t F e r r y stk 100
fc
42d S t M & St N A v e 100
I s t m o r t 6s 1910...M -S
2d in com e 6s 1915.. J-J
L e x A v & P a v F 5s S e e St
N in th A v e n u e stock. 100
Second A v e n u e stocklOO
I s t m o r t 5s 1909..M -N
Consol 5s 1948.......F -A
S ix th A v e n u e s to c k ..100
Sou B o u le v 5s 1 9 4 5..J-J
So F e r 1st 5s 1919...A -O
T h ird A v e n u e S e e Stock
T a r r y W P & M 5s 1928
Y k e r s S tR R 5s 1946A-0
28th & 29th Sts 1st 5s ’96
T w e n ty -T h ird S t stk.100
D eb 5s 1906............. J-J
U n io n R y 1st 5s 1942 F -A
W estch est 1st os 1943 J -J

o f O u ts id e M a r k e t S ee 7 th R a g e P r e c e d in g .

B id

Ask

S tr e e t R a ilw a y s
G rand R apids R y ___ 100
P r e fe r r e d ................. 100
In d ia n ap olis St R y S e e
J C H o b & P a te rs o n ..100
4s g N o v 1 1 9 4 9 ...M -N
L a k e S t (C h ic) E l stk.100
D eb 5s 1928............. J-J
L o u is v S t R y 5s 1930 J & J
Lynn<& Bos 1st 5s ’ 24. J-D
M in n eap S t R y 5s & geStk
N e w O rleans C ity R y 100
P r e fe r r e d .................100
N o r t h Chic S tr stock. 100
1st 5s 1906-16........J-J
N o rth J e rs e y S t stocklOO
4s 1948 .................. M -N
P a t R y con 6s 1 9 3 1 ..J-D
2d 6s 1914............... A-O
R o ch ester R y (n e w ).
P r e fe r r e d ................
Con 5s 1930............A-O
2d 5s 1933............... J-D

B id

Ask

32
89k
33
36
list
99
101
18
248 251
80
1 0 1 k 102
Ilk
108 110
E x ch list
102k
119
1114 116
113 k
*101 103
list
255
*120 125
30k
105
208 219
101
104
187 191
30
31
E x ch lis t
81
81k
120 130
*129
115 118
*104
102
104
42
43
400 410
105 109
se92k 95
112
395 405
113 k
100 104
65
75
106 107 k
112 114
101 102
101
99
£ E x c list
3 3 k 34
P r e fe r re d
196 205
85k 86k
* 89
90
217 220
W e s t Chicago St.
91k 92
§106 1 0 7 k
99k
* 99
*118
119
175
*110
112
G a s S e c u r it ie s
110
*108
NEW YORK
E x ch list
C en t U n io n Gas 1st 5s.
104 107
*1 0 9 k 111
Stock E x c
109 hi 110k
S tk E x list
113
111
295 305
408 415
103
106
N e w A m sterdam G a s 117
109
116
109k
110
107
G old 5s S e e N Y Stock Exch list
BROOKLYN
N Y < E a st R iv e r Gas—
fc
113 115
107
A tla n A v e os 1909..A-O *105
115
Con os g 1931........ A-O 114
108 112
Im p t os S e e Stock E x c h list
107
109
130 135
B B < W E os 1933..A-O 102
fc
160 155
B ro o k ly n C ity s to c k ... 10 244 245 k
Con os S e e Stock E xch list
*116 117
B k ln Crosstn os 1908.J-J 105
107
OTHER CITIES
D kn H g t s 1st Os 1941 A-O 105
B k ln Q Co & Su b S e e Stk Exch list
24k 25k
B k lyn Rap T ra n S e e Stk Exch list
89
88
C on ey Islan d
BklynlO O 32 6
? B a lt list
400
B a ltim ore Coneolidat
1st os 1903............... J-J 101
103
k
°8
5s ertfs in d b t 1903.. J-J 100 103
B in gh am ton Gas—
B r k C & N 5s 1939.J-J 113 hi 114k
* 93
96
G r 8t<fcNew I s t O s ’OO F -A 104
Bosto n list
G r’p t & L o rim e r S t 1st 6s 106 100
10
8
K in g s Co. E le v a te d —
1st 5s bonds.
7 8 k 79 k
E xch list
1st 4s 1949 S e e Stock E xch list
Chicago Gas S
Nassau E lec p r e f.......100
83
85
)
98k 98k
)
03
5s 1944....................A-O 112 114
94
1st 4s 1951............... J-J
) 1 0 0 k 101 k
97
09
N e w W b’ g < F J 1st ex 4 k-H 106 108
fc
*106 k 107 k
B teln w a y 1st 6s 19226 J
)
12
14
*116
117 k
80
78
OTHER CITIES
Consurn Gas (J C ity )—
B u ffalo S tre e t B y—
104
*103
l i t 00 1004........... M
1st consol os 1 9 3 1 ..F-A * 110 k 118
D etro it C ity G as.......... ) ........ 73
Deb 6s 1917........... A .O * 105 107
E xch list
D etro it Gas S e e N Y S
C hicago C ity H R stk.100 185
Essex
Ji udson Gas 1 )
35
190
31
Clue u nion T raccorn . 100
10 k I Ok F o rt W ay n e (I n d )—
F r ^ t e r r e d ................100
48
51
47
1st 6s 1925.............. J
48
C levela n d C ity B y ___ 100 100 120
)
23
30
Cl e v e C ity Jhi 5s 1909.J-J
Grand Rapids Gas—
CJe velan d E le c tr Ry,
*105
107
1st 5s 1915.
" 75“
m
W
Con 5s 1913...........
50
) f 48
Colum bus i O ) S t B y..
1
23
26
* 46 k * 48* ’ 1 udson Co G as....... 10( )
Pr< (< n t d ...............
101
102
| i 0 4 9 ......................
102 k 103 k
CoJu/n R y con 5s S e e i ' h ila list
Indiana N a t < 1 1 Gas—
fe 1
, Orc/est’ v/n l s t 5 s ’ 33.J-D *110
1st 6s 1908...........M->
60
54
113

6

iiu y ti

pays accrued in terest,

t P r ic e per share.

X

31
88
P h ila
17
* 79k
Ilk
102k
*118
*112
E x ch
29k
a;102

Sale price.

37

1
I iid iiM rin i i ii h I 11IHCi'l
B id | A s k
( Oiafcungjiy Ore ■ I tin’ U.
&
35 | 45
(Jh< A? (j G ram El m e ..
20
15
4S..................................... *88
C'lie.Hobroiigh M fg Co 100 420
i 10
Clad in (U li) 1st p ref 100 100
2d p r e fe rre d ............ 100 100
100
C o m m o n ................. 100
Col A Hock Ooal<fc I p f l 00
60
65
86
03
1st g 5s 1917.............f-J
Com pressed A ir C o ...100
8 k 10
50
55
Consolid Car H e a tin g 100
10
20
Consol F ir e w ’ks com. 100
50
60
P r e fe r r e d ................ J00
4
4k
Consol R u bber T i r e . .100
Cons Tobacco 4s. S e e St k E x eli 1st
C on tin en tal T o b a c deb 7s 10 1 107
100
C orbin C abin et L o c k . 100 250
C orbin ( P < F ) C o ...... 25 110
fc
75
78
Cram ps’ ShtfcEn BldglOO
23 k 24
C ru cib le S t e e l............ 100
85
P rel e r r e d .................100
85 k
D iam ond M atch Co S ee Exch list
D om in ion S ecu rities. 10(
84 k 85 k
E lec tric B o a t..............100
23 k 25
T c l e g r tfc T e le p h o n e
44
50
P r e fe r re d ]................ 10i
2
40
E le c tr ic V e h ic le ........ 100
38
A m o r J )is t T e lc g (N Y )1 0 0
2k
5
4
P r e fe r r e d .................10<;
B e llT e le p h ol Buffalo 100 106 110
80
E m p ire S tate S u g a r.. 100
109
C en tral & So A m e r ...l0 0 107
1st 6s 1 9 1 5 ............... J-J ........ 95 k
65
67
Clies < P oto T ele p h .,1 0 0
fc
7
6
E m p ire S te e l..............100
5s 1909-29...................J-J 105 k
47
50
P r e fe r r e d .................100
Com m ercial C a b le___ 100 175 184
G en era l C a rria g e ....... 100
lk
lk
Com m er U n T e l ( N Y ) .25 115
57
65
G en era l C h em ical____100
78
84
E m p < Bay State T e l 100
fe
P r e fe r r e d ................. 100
9 8 k 100
E r ie T e le g & T e le p S e e B oston list
Gorham M fg Co com . 100 r-115
47
55
F r a n k lin ..................... 100
P r e fe r r e d .................100 c l 20
123
G old & S tock..............100 120
49
H a ck en sa ck M ea d o w sl 0(
49k
4 k s , 1905................
13
H a v a n a Com m ercial. 100
Ilk
H udson R iv e r T e le p li 100 104 108
47
51
P r e fe r r e d ................. 100
M ex ica n T elep h o n e S e e Bosto n list
53
N e w E n g Telep h on e S e e Bosto n list H kr- Jones- J e w ’l M ill. pf<
90
95
1st 6s 1922..............M-S
N orth w estern T e l e g . . .50 122 126
2 •..•••
H errin g -H a ll-M a rv in lO O
N Y
N J Telep h on e 100 168 172
45
35
1st p r e fe rre d ........... 100
5s 1920....................M -N 111 114
5
10
2d p r e fe rre d ........... 100
78
83
P a c ific & A t la n t ic .......25
H o b ok en L a n d & ImplOO 110
P ro v id e n c e T elep h o n e. 50 t #9 8 k
5s 1 9 1 0 .................. M -N 106
Southern & A t la n t ic ..25 100 103
20
26
In te rn a tio n a l S alt c ertfs
7
T e l Teltfe Cable o f A m . 15 t
5
In te rn a t’l S ilv e r S e e Stk E xch list
E le c t r ic C o m p a n ie s
100
96
6s 1948..................... J-D
3
Ir o n S te a m b o a t..........25 t ........
A lle g h e n y Co L i g ’tColO O
155
J o lm B S tetson com .. 100 135
C h icago Edison C o ... 100
140
P r e fe r r e d ................ 100 130
E dison E l 111 Co B rk N Y Stock Exch
E lectro-P n eu m ’ic T ra n lO t
Ik
l k L a n ston M o n o ty p e ___ 20 1 10k 11
G en era l E le c tric Co N Y Stock Exch L a w y e rs M o rt in su r.1 0 0 225 235
95
L a w y e r s ’ S u re ty .......100
H a rtfo rd (C t) E le c L tlO O 196 200
L a w y e r s ’ T it le I n s . ..100 330 340
K in g s C o E le c L & P C o lO O 179 183
125
L o riU a rd ( P ) p r e f.......100 118
N a rra g a n (P r o v ) E l Co 50 ta;92k
10
34
M adison Sq G a rd e n ..100
37
N Y & Q E l L & P o w C o l0 0
55
65
70
2d 6s 1919............. M -N
74
P r e fe r r e d ................ 100
7
M e x N a t C onstrue.pflO O
7k
R h o ls l E le c P ro te c ColOO a;125
13k
M on on gah ela R C o a l..50 t 13
* *1*4** *16**
P r e fe r r e d ..................50 1 45 k 45 k
100
M o s le r Safe C o .......... 100
66
68
4 s 1929.
S e e Ba It list N a tio n a l C arbon ........ 100
1 7 k 18
P r e fe r r e d ................. 100
82 k 83
F e r r y C o m p a n ie s
32 k 33
N a t E n a m ’ g & Stam p 100
82
85
P r e fe r r e d ................ 100
irooklyn F e r r y stocklOO
19
20
N a tio n a l S alt S e e N Y Stk Exch list
N Y & B 1st 6s 1911. J-J 113
115
148
N a tio n a l S u re ty ........ 100
Con 5s 1948 S e e Stock E x c h lis t
40
33
110 N e w C en tra l C oal........ 20
108
80
N Y L o a n & Im p .......100
68 1*
116
N Y B is cu it 6s 1911.M-S 114
1st 5s 1922............M -N * 94
95
76
N Y D o ck C o ..............100
r Y & H o b ok en stk.100
78
P r e fe r r e d ................. 100
H o b F y 1st 5s 1946 M -N *1 1 2 k 114
93
1st 4s 1951............. F - A
Con 5s 1946........... J-D * 9 0 k 9 1 k
Ilk
N Y E l V T r ($20 pd)100
12 krew Y o r k & N ew J ersey
165
N Y R e a lty C o rp .......100 145
1st 5s 1946...............J-J 1 0 5 k 107
75
N ich o lso n F ile C o___ 100 126 k
80
0th & 23d Sts F e r r y 100
O ntario S ilv e r ............ 100
1st m o rt 5s 1919...J -D *105
108
30
31
43
:nion F e r r y s to c k ...100
43 5 Otis E le v a to r com ___ 100
r
P r e fe r r e d .................100
92k 93k
1st 5s 1920............. M -N * 97
98
P itts b u rg B r e w in g ___ 50 t 2 4 k 2 4 k
R a ilr o a d
P r e fe r r e d ................... 50 t 43"8 4 4 k
27k 28
10
fhic P e o & S t L p ref. 100
P itts b u rg C oal...........100
11
P r e fe r r e d ............... .100
P r io r lien g 4 k s ’30McfcS *106
108
92k 93
Con m tg g 5s 1930. J<fcJ 100 105
P it t s P la te G lass.......100 1 5 1 k 153
31
In com e 5s 1930.............
P ly m o u th C opper C o .. 10 t ........
33
Pocahon tas Coal Subs ... 1 2 6 k 127 "
)e n v e r & South’n S e e S tk E x lis t
95
90
D etro it Southern S e e Stk E x ch lis t
P r a t t & W liitn p r e f.. 100
342
P r e fe r re d
S e e Stock E x c h lis t
P r o c te r & G a m b le___ 100
202
P r e fe r r e d .................100
1st 4s 1 9 5 1 ............. J-D
85k 86k
K O F t Sc & M em p f S e e S tk E x lis t
R o y a l B ak P o w d p r e f. 100 104k 106
R e fg g 4s 1936 ..........
R u b b er Goods M fg S e e St o ck E x list,.
15
M e x N a tio n a l (w i) ..1 00
1 5 k R u ssell & E r w in ........ 25 1........ 62
138
P r e fe r re d (w i ) .......100
39 k 3 9 k S a fety C ar H e a t & L t 100 136
176'
P r io r lie n 4 k s 1 9 2 6 (w i) 101k 101k Sim m ons H a rd w com 100 172
142
P r e fe r r e d ................. 100 139
79 k 80
1st con 4s 1951 ( w i ) . . .
2d p r e fe rre d ............ 100 138 143
N o r P a c n e w 4s (w i ) ....... 110
N o r ’n S ecu rities (w i) 100 105k 106 k S in g er M fg C o............ 100 230 250
37 h 373^
a
P itts Bess & L E ........ 50 t 3 6 k 3 6 k Snap H o o k & E y e
6
P r e fe r r e d ................... 50 t 73
Standard M illin g Co. 100
74
6k
27
25
P r e fe r r e d ................. 100
Seaboard A i r L in e S e e E a lt lis t
71
73
5 s ............
In d u s tr ia l a n d M is c e l
Standard O il o f N J ..1 0 0 695 700
220
Stand U n d e rg d Cable 100
A b erd een C op p er........ 25 I 29
31
A c k e r M e r & C o n d it...6 s 100 101
Sloss-Sheffield S e e Stock E xch list
30
35
A m a lg Copper S e e Stock E xch list
Standard Coupler c o m l00
A m A g r ic Cliern S e e B oston list
P r e fe r r e d ................. 100 118
102
A m e r B ank N o t e C o ...50 t 5 4 k 56
S w ift & C o .................. 100 101
102
A m B ic y cle S e e N Y S t k E xcli list
1st 5s 191 0-191 4....J-J *101
1 6 k 1 7 k T en n essee C op p er.......25 t 1 4 k 14kA m erica n Can co m ... 100
75
P r e fe r r e d .................100
60 k 6 1 k T e x a s & P a c ific Coal. 100
110
A m erica n C h icle C o .. 100
81
84
1st 6s 1908............. A-O *106
P r e fe r r e d .................100
81
T it le Guar & T r u s t... 100 525
83
7
T re n to n P o tte r y com 100
4
A m e r U raphophone.._10 t
5k
3k
75
P r e fe r r e d ................... 10 \ 7 k
68
P r e fe r r e d ................. 100
8
70
A m e r Hide<fe L ea th e r 100
T r o w D ire c to ry n e w .. 100
8
7k
P r e fe r r e d .................100
334
37
4k
38 k U nion C opper............... 10
35
27
6s S e e Stock E x ch
U n io n S teel & Chain. 100
40
50
P r e fe r r e d .................100
85
A m e r Press A sso c’n.100
95
77 .
76
A m erica n S c re w .......100 *7 9
U n io n s w itch < S ign a l 50
fc
95
P r e fe r r e d ................... 50
A m e r S h ip b u ild in g ... 100
3 5 k 35k
75
71
96 k 98 k U n io n T y p e w r c o m ..100
126
2
1st p re fe rre d ............ 100 122
A m Soda F ou n com .. 100
6
120
1st p referred ............100
2d p re fe rre d ............ 100 115
48
55
8
10
2d p re fe rre d ............ 100
U S Cast Iro n P ip e ...100
12
8k
A m erica n S u re ty .........50 175 185
P r e fe r r e d .................100
39 k 40
20
22
A m e r S traw board___
22
23 k U S Cotton D u ck .......100
90
Bonds 6s.................. F -A 100
P r e fe r r e d ................. 100
45
A m T y p e fo ’rs stock..
U s E n v e lo p e c o m ...100
50
55
85
80
A m e r W oolen S e e Stock Exch list
P r e fe r r e d .................100
33
34
A m e r W r itin g P a p e r. 100
U S Glass com m on ...100
1
2
140 145
P r e fe r r e d .................100
P r e fe r r e d ................ 10(
8
9
5s 1919....................J-J
08
71
U S Reductt& RefinlnglO O
36 k 37
62 k 64
70
P r e fe r r e d ................. 100
80
1st m ort 6s
84 k 87
1 6 k 20
U S Steel Corporation S e e Stock lOxch
120
125
12
15
U n iv e rs a l T o b a c c o ... 100
130
140
40
P r e fe r r e d .................100
P referred
133
138
12
13 k
Va Coal Iro n & Coke. 100
405
5h 1949....................M-S
54 k 57
t 10
10k
W e s tin g li A ir B r a k e ..50 175 180
100
103
J8k 1 9 k
W h ite K n o b M ln in g .1 0 0
18
23
121
W o rth in g Pum p p r e f.100 119
P re fe rre d
70
68

CSIl-.tUri
(hlH
As}
k
B id
60
65
! 1 c napolis ( is slock *0
1U.i
..M N
9 9 hi 100
1st Oh 1920.
/'i
75
Jitcknon Gan Co ... .. 50
103
5 m g 1937............. ..A -O *101
30
2o
KajiMiiH C ity G a s ... ..1 0 0
102
5h 1922............... ..A-O *100
1jac lcdo Gas S e e N Y St k K XCll
no
54
Iin ray’ eG aslH t Os'24.M -N
60
54
L o v A W a b V 1st Os’26. J-D
M adiH on (W ie) Gas—
109t,
2107
1st 6 m 1926............. A-O
N e w a r k Gas 6 m 1944.Q-J *1 40 k 141 hi
58
56
N e w a rk Consol G a s ..100
5s 1948 S e e Stock Exch list
N e w long Gas &> O S e e li 08 toil 11st
22
18
O
1ml Con N a t & 111 100
50
46
1st 6s 1926............. J-D
P ro v id e n c e G as........... 50 1z95
95
*9 7 "
S t Joseph Gas 5s 1937. J-.J
88
91k
S tP a u lG a s Gou 5s’44M-S
15
18
Syracuse Gas sto ck .. 100
87
90
1 st 5s 1946.................J-J
W estern Gas—5s S e e S t’k E x ch list

THE CHRONICLE

38
B o sto n ,
aar
$ U u rd a y ,
D e e . 28,

200
167
*340
♦101
158
♦180
*7 4 *
58*
145
87*
38*
91*
-45*

P h ilad elp h ia

M onday,
D e c , 30,

230*
107

T ib i

23
83

00*
49
15*
77*
H

66*
49
17*
*

89
89
*183 133*
3 4 * 25
4*
4*
1 4 * 14*
117 * 117*
40
46*
19
39
1 1* H *

07*
*21
81
*

71
23
81*
*

Tuesday,
D a e . 31.

|W e d n e s d a y T h u r s d a y ,
Jan, I
J a n . 2,

300* 28 L

1

187
34 1

HI
191

L91
165*

180

74

74
3334 s a *
l 4Dti
J
87*4 88
34*
34

93
9814

93*

*20

106 108
*210
7 4 * 7534

30 3-i0

41H U*
b

20
30
109H
89*
33*

20
60
10844
89*
3234

14H H *

*94

8 3 * 1 8i u 89
90
90
Bid sne sjked prices

IN A C T IV E S T O C K S
R A IL R O A D 8.—P rices
Amer. Railway s(Phil) 50
A il A Charlotte (Balt) 100
3os A Maine pf. (B o it) 100
Boston A Prov. 4 100
4
Goxm A Passum 4 100
4
Oonn R iver,.*, 1 100
4
Sensol T? P itts !(P h il) 50

Pref f m . 1 « 1 »«»

4
4

50

South A Fla. (Balt) 100
l i t pref,t»«*« 4 100
4
Sd p r e f...... 1 100
4
CPnnant’n Pass (Ph il) 50
Hestonv M A T 4
1
50
P r e l.......... “
50
inds S treet.,.., 4 100
4
Little Schuylk. 4
4
50
Maine Central.(Bost) 100
M ln e h illA S H .(P h il) 50
Meaquehon’g Y . 4
4
50
Morth Pen n ,,, ♦ 4
1
50
Fere Marqu’te. (Bost) 100
Pref, . . . . . . . . . 4 100
4
Ph il Germ A N . (Ph il) 50
Phila. Traction 4
4
50
By* Co Generali
Rutland pref ,, (Bost) 100
United N J ...... (Phil)100
UnPow A Trans
25
West Bnd pref.(Bost) 50
West Je? A S 8. (Ph il) 50
W e s tN Y A P a . 4
4
50
Wis Cent, new, (Bost) 100
P
r
e
f
4 100
4
Wor Nash A R* 4 100
4
MISCELLANEOUS,
Alloues Mining(Bost) S5
Amer. Cement. (Phil) 10
Am Gold Dredg(Bost) 10
Amer. L A S . (Phil) 50
AmPneumServ (Bost) 50
P re f
4
4 50
Arcadian
4
4 25
Arnold Mining.
4
4 25
Atlantic Min’g,
4
1 85
Baltic Mining.. 4
4 25
Beth Steel ,,,.,(P h tl) 50
Boston Mac Lfc.(Boit)100
Cambria Iron .(Ph il) 50
Camb SDrexel r e c t 4
4
Canton Co..,. .. (Balt) TOO
Central O il..,.,(B ost) 85
ConMercurgold
4
4
5
Oumb Tel A Tel
4 100
4
Dsly-West Min
“
20
DanvBe8sem er(Phii) 3 *
D eLong H & E
M 10
Diam State St.,
M 10
Pret
Domln Coal pf, (Boat) 100
Bom Iron A? S.fJ 4 ___
4
Saeton Con Kl. (Ph il) 50
Xdison R1 III..(B o s t) 100
Sled Co of Amfl (P h il) 50
ETanklin Min’g. (Bost) 35
General E lect..
4 IOO
t
P ref.................
4 100
4
Ind-Egyp Com
4 100
4
l i t But H ife 8 M 4
4 10
Imt S PA D ynam (PM l) 50
Is ly Royalelf..(Boat) 25
Manufao R u b ..(P h il) 50
“
60
P re f....... .
m

a

„,,«w

01%

7034

31*
8L*
*

92
8 i*
*

118* l i * « 11734
116 115
116
165 |189 105
0)0 r555 575
24*
3434 3454
18
18
14*
88*
6854 6 3 *
23
2334
00* 00*
0834 6 0 *
49
49*
49^4 5834
1 5 * 17 *
15
1834
77* 77*
7 7 * 78
« » , * « . HU'
4*
434
7 18
*
H
H
1
i«
i*
ih
s90
*90
183 .......
138 184
3 3 * 35
2334 2834
m
m
4*
4*
14
14*
1 4 * 14 *
1 )8 * 118* 115* 11034
40
48*
46
48H
*39
39*
29
29*
11
13
*11
12

88*
*

S t o c k E x c h a n g e s — A Dailv and Y e a r ly R e c o rd .
ACTIVE STOCKS.

i 15 *
U5
103 103
188
680
620 030
24*
84* *4 *
14
18
14*
03* 03*
02*
1 1 6 *1 1 8 *

B altim ore

ip .

230 30Q
107 107*
“S40 241
193 •19i 132
168 ' ...........
188*
132 “130
75
74* 74*
53*
53* 53*
145
14^ 145
37
88
37*
33* *33 »,
03*
22
92*
35* 30*
35*
. . . . . . ,.«.. u*
.. 100
310 2)0
*8 0 0 * 210
75 7 4 * 73 8 10
75
20 7-16 3 6 *
a
40 1S-10 4 40 16-10 1 *
81 318-16 81 81 15 lb
30* 30*
4 9 * SO*
5 0 * 30*
108* 103* 102* 103*
90
89* 89*
89*
3 3 * 3d *
83* 83*
14* 14*
1,94 l i N
94
94
4
98* W
70*
*3i
♦81

and

[V ol . LXXIY.

0034

H
K
%

0
Q

b
►

91
91
no sale wa made.
Bid. Ask.
Jan, 3
44*
100
171
303
105
385
38*
04
47 * *». «
90
76 * . e «

F r id a y ,
J ti n , 3.

B a le s
o f th e

If In d ica tes anile ted.

W eek.

S h a re s

Range

0f

L o w e s t*

B a le s

in 1901.

Highest

H a l l r o a d S le e k * ,
209 251 J&n.
£0234 201 Boston & A l b a n y . ( B o s t o n )
..100
366 Apr. IS
aai H 888
167 Boston Elevated* full paid.,
‘ 108 107
803 . 5 9 * Jan.
101
“
..100
190 July 17
341 241 Boston A Lowell.
24 i 211
80 388 July
8
“
..100
348 Apr. 22
191 191 Boston A Maine,
“
191 192
48 189 Deo.
..100
300 Apr. 24
169 O h io , Juno, A On. Stock Yds.
169
'*
..100
io 1 4 3 * Jam
103 J une 18
•iso'*
Preferred
*«
180 180
3( 120 Jam
185 Apr, 8
..100
089 8734 Jan8 2 * Nov. 16
7334 7934 7334 7134 Ohoc.OkU. A Q, trust certs. (Phila.) v. 60
54
6834 5 1 4 *58
Preferred Tr. certfs . . . . . . .
“
880 45 Feb.
.. 60
6 9 * May 10
3
.
14434 144* Fitchburg, p r e f . . . ( B o s t o n ) , , ...100
05 89 Jan.
148 Apr. 28
14434 14 5
8 7 * 88 * Lehigh V alley.................
27* 3m*
(P h ila .)',*,, 50 11,91.3 3 8 * Jan.
3 9 * May 1
8,004 24 Jan.
45 July 1
8 5 * 0034 Massachusetts Meet. Cos. m B o s to n ),T O O
84*4 80*
95
96
901 7 7 * Jam
9134 95
Preferred 1 , , , , , , , , , , .......
“
....100
90 June 11
20
2 8 * Mexican Central...,,,*.
1,611 18* Jan.
4
4 ..,.100
3 9 * May *
2834 20*
30 8 8 * Jan.
* i 0334 105
Northern Central...... .
(Balt.) .... 50
106* Deo. 2
210 210 *210
10 305 Jan,
Old C o lon y..,,,.......... .
(B oston ).,,, 100
318* Apr, 29
75* 75* Pennsylvania,, , , , ............ (P h ila .).... 60
2,598 09 May
7534 11-10
8 1 Apr. 26
.
“
, , , , 50 190,404 1 2 * Jan.
2934 2 8 * 39 7-16 Beading Company. . .
9 8 * Deo, 30
4 1 * 4 * U 11-10 *
7,504 82 3-I0Jan.25 4' * Deo. 80
1st p r e f e r r e d . , 4
4
50
39*4 88 3-10 3234 88
2d p r e f e r r e d . . . , 4
1
* * , * 50 08,397 1
88 8-10 Deo,81
.9 Jan,
you
9 * Jam 31 8 0 * June 31
2034 2834 2 0 * 26* Seaboard A ir Line
(Balt.) **,,100
“
*,..100
5034 6034 4 9 * 4 9 * Preferred .........................
1,90$ 3 4 * Jam 81 6 4 * Sept, *0
1,780 7 8 * Jan. 4 133 * May 2
10834 10434 108 104* Onion Pacific..
*(Boston),,. .100
883 82 Jan. 4 99 May 1
9 0 * 9f *
8 2 * 20 *
Preferred
4 ,,..100
4
4,070 2 4 * June \0 37 Jan, 3
3334 33* Onion Traction, 31734 paid. (P h ila .),,,, 60
3 2 * 8234
200 14 Deo. 19 18* Mar. *9
* U H 1434 *1434 >4* United By & Hlec. O o . ( B a l t . )
50
94 * 9 4 * West Hnd S tre e t,...,,,.,,,,,(B o s to n )..,. 50
94
94
133 9 2 * Jan. 8 99 Apr. 28
( f l l i o s l l a n s o a i S to o k s ,
0 9 * 7 1 * Amalgamated Copper!
09
7034
(Boston)*,..100 22,284 6r * Deo 17 129* June 18
23
23* Amur. Agriohl- Chemical 7.,
1,000 20 Got. 8 3 4 * June 18
2134 22
4 ,*,,100
4
010 70*>Dec. 14 91 June 18
8 2 * 88
Preferred 7 .......» , , , 4
4
..,.100
8134 8834
3,035
H Dec. 0 :
W Jan. 12
'%
* American A l k a l i , , , , ( P h i l a . ) * , * . 50
Mar. 4
Preferred, $10 paid
4
4
50
* Apr. 26
11734 118*4 117* 118* American Sugar Refining 1 .(B oston).,.. 100 26,356 108 Deo. 24 152 * June 8
440 US Dae 24 180 July 19
115** 115* 1 15* 116* Preferred
,,,
4
4
.,,.100
3,288 151 Jan. 4 188 May 22
4 .... 100
4
101*4 162* 103* 168 Amer. Telephone & Tel.Co..
500 580 Calumet & Hecla
000 805
150 585 Dec 20 860 Mar. 5
4 .... 25
4
94* 25*
31 * 3 5 * Camb.Steel, $ 1 3 * paidrecta. (Phila.)
50 19.760 1 5 * Mar. • 7 31 June 11
14 Centennial Mining..........(Boston) ... 25
1234 1834 14
3,0^0 ‘. 0 * Deo 20 34 May 2
*68* 04* *8 8 * 0 3 * Consolidated Ga*..........
755 58 Jan. 30 0 5* July 10
(Bait.) ..*.100
23 * 28 Consol. Lake Superior..,,,, (Phila.) *,*,100
98
28
2,075 2 0 * D c. 0 3 8 * Apr, 12
8*9 40 Feb. 11 76 Aug. 3
••*« . . ■»•.
Preferred.....................
4
4
..,,100
8034 07
5 4 * 6 5 * Dominion C oal...... (B oston).,. ,100
54
50
7,008 83 May 15 5 8 * D io. 31
1434 10
2,4'30 15 Deo. 4 99 Jan. %
15
1634 Erie T e l e p h o n e . 4
4
,.,,100
7834 Lehigh Coal & Navigation. „. (Phila.) ,♦.. 50 2,433 0 3 * Jam 31 7 9 * Apr. 18
7834 7 8 * *78
*4% 4 * Marsden Co!
7 * Jan. 8
868
8 * Dec. 9
4 *,,.100
434 m
* Deo. 8
**
1 National Asphalt t
34
%
B * Feb, 18
4
4 *,,, 50 1,399
> 16 Feb. 13
1 Dec 3
999
P referred !.......
4
4
..,,6 0
i«
AH
IK H *
90
90 New Hng. Cotton Yam , pref.(Boston),,* ,!0 0
90
90
58 88 DeO. 7 99 Jan. %
180 1B7 New England Telephone....
135 185
00 127* Jan. 4 140 Apr. 12
“
....100
24
34*
... 26 1,625 2 0 * Dec. 17 38 * Mar. 5
2834 *434 Old Dominion C o p p e r f u
4*
4 * 4 * 4 18- 6 Philadelphia Hlec. I 5 paid.. (P h ila .)* ,,* ,,,,
4 * Dec. 4
8,318
B H Feb. 18
1 4 * 1 4 * Trinity Mining
14* 14*
1,977 10 Dec. 7 41 June 20
(Boston)... . 25
x l 16*117
*110 11034 United Gas Improvement 1.. (P h ila .).... 50
48S 118 Sept. 13 138* Jan. 8
40
40 * United Shoe Machinery.,, ,, (B oston)., *, 25
40
40*
931 8 0 * Feb. 4 4 8 * Nov. 14
*29
29*
29
29
824 2 8 * Jan. 4 30 Sept. 9
Preferred ...........
**
...» 25
885 1 0* Deo. 17 17 Mar. 20
4
1
.... 25
H * U34 U * 11* United States O il.,,........,,,
* . . 4 80 WelabaohCo............. . ........ (Phila.) ..,.100
,,
»*,«*» 88 Dec 13 55 Apr. 12
Dec. 27
90
90 Westingh. Electric & M fg ... (Boston)., *, 50
077 54 Jan. 1C
89
90
90
90
90
90
Preferred
4
4
^0
227 00 Jan. 4 8 * Deo. 81
a 20 15*10 28 15-16
b 8 i 13-1 ft 83 3-101Lowest is
ex divid.

Bid. A sk.
8ONDS
MISCBLL,—Concluded.
B o sto n —Concluded.
NewHng congen5a’ 45JAJ
4dBrew.as8tpd(Baiti 100 Mil' . . .
N H CotYara 5o 1029FAA
t
Pref., assupd 4 100 sf * Mc
4
170
N B Gas & C is t 5s. ,1937
lepfirenthaier., (Bost) 100 109*
New Hng Tel© Ss.’ i e AAO
2
f ex Telephone
4
4
10
6s ........,.,,1 9 0 7 AAO
5
NewBngGsAC t 4 ....
4
m
N Y&N Hng 1st 7«.’ 05 J&J
New Hay I & S.(Phil) 5 . *»8*
1st mort 0s,... 1905 J&J
Old Col Mining. (Bost) 25
m
Rutland 1st Sa.c’ O MAN
S
Osceola Mining. “
35 81k 82
Rut-Can 1st 48 1949.J&J
Palmetto C o ....(P h il) 35
*
80
Beat Elec 1st 5sl 980F&A
Parrott SilACop (Bost) 10 39
Torrlngton 1st 5o 1918...
» Penn Elec Yeh. (Ph il) 50
West End St 5g. .’02 M&N
P r e f . . . , ...... . 4
4
60
• . 1•*
4 * s ............1914 M &8
Penniyi S alt... 4
1
50 .m u MilDeb 4s. • • « , , , 1916 M&N
Pennsyl S teel. • 4 ....
4
84
45 •t«M
B en d s—BaltlEffi©r©,
11»
P re f
4 100
4
5a
. • * Anacostia & Pot
50 • I MI Phila Co
46*
3 4
4
50
A tl & Ch 1st 7a.1907 J&J
IS
171 172
Plant©rsCompT(Bo*t) 100
AtlG-Lightlst5® 1017J&B
64
05
Quincy Mining, 4
4
35 185 140
A tl Coast L ctfffl 5s .,J&D
8
3*
Rhode IslM in,. 4
4
85
Balt Beit 1st 5a. 199OMAN
1
io*8* ,»**.* Santa Ysabel G 1
4
5
61
BaltCPas 1st 5a. 1911M&N
1)1 »,• 83
Seattle HI eefcric 4 100 00
4
Balt Fundg 5s. 1910 M&N
107 106
83^ 88
P r e f . . . , .... 4 100
4
Exchange 3*s.l980J&J
Susque I A SIT. •(P h il)
5
m
Balt& Plst8aml 1911 AAO
Tamarack Min, (Bost) 25 360 205
97 4
1st 0u tunnel 1011..J&J
7
4 n s ) , Tidewater S t,.. (Ph il) 10
* i »
*
Bal Trac 1st 5S.1929MAN
28
119 130
Torrington4A ” (Bost) 25 87
4
89
H x t& Im p 0S.19O1M&S
Pref,...* i.««H 4
4
25 38
No BaltDiv 5S.1942J&D
2
U n C o p L & M ’g “
85
3*
30
Conv’rtible 5sl906M&N
118
U nH ILA Pow pf (Balt) 50 SS
Central Ry 0a.. , 1912 J&J
67
United Fruit (Bost) .100
8 * « 89
Consol 5 s ...U 932 M&N
14* 15
U 8 Mining ....
25
•.««• Ml t.
H x t & I m p 5S.1982MAS
S3
3 0 * 81
Utah Mining.,
4 4‘85
4
Chaa City R y ls t 5©’ 23J&J
* ,
n
4 1 * 4 1 * Warwick I A S. (Ph il) 10
Chas Ry G & El 5s *99 M&S
.»t •
180 140
Weetm rel Coal 4
4
50
CharlC&A ext5s»1909J&J
Winona Mining(Bost) 85
1* " m
2d 7b 1910......M.A&0
8
4
35 5 0 * S0&
B * W olverine M in 4
City&Sub 1st 5».1922J&D
B on da—BQ^toiao
•.. *
Am Beil Tel 4s..1908 JAJ J M X 99& City&8ub(Waah)lgt5s!48
. • . • a .3 ^
Col&Gmvlst5-0.1917J&J
*...»» A T AS F gen g 4s. ’ 95 A AO 108
Oonsoi Gas 6s. .1910 J&D
Adjustment g 4s.. 1995 5 94 * 95
5
6
5s...1 ,.....,19 39 J&D
.
Boston Term’l 3*8. .1947 f l l g X
3 9 * 80
Ga &Aialgtpf5»1945A&0
85
S
4
4 * Bos Un Gas 1st 5s.5 9 JAJ Z 83
GaCar&NlstSs g. 1929J&J
00
2d M 5 s . 1939 JAJ l 54
*51
*50
GeorglaPl®t5-081822J&J
Bur A Mo R iv ex ’pt 6s,JAJ g il9
21
GaSo&Fla 1st 5 1945J&J
tfl.
Non-exempt 0s.’ 18 JAJ ^' a, a» 1
88
’ 37 ‘
KnoxvTrac lct58 ’ 28A&0
Sink fund 4a.. 1910 JAJ | .....
243 848 * Cent Y t l s t 4s 1930..Q-F | 84
Lake R El lstgu5i’ 42M&8
85
MaconANlst 4 *s ’90M&8
Ch Bur A Q 4s .1922 P A A |X01
43
4 y s»
Iowa Div 4s.l919A & 0
u » * « Maryland Brewing 6s . , . ,
♦
Met8t(W ash)lst5ft’25FA
US
Chioago J unc 5s. 1915 JA J jUO
97 100
New Orl Gas 1st 5s,..Yar
8* Ch& No M guSs.’ Sl MAN 3109 ilO
NewpN&OPlst5e’ 38M&N
Chi A W M gen 5s.’ 21 JAD 5109«
IK
1«
Norfolk St 1st 5s ’44.J&J
Curr’t Riv 1st 5b,’27 AAO 2105
124
NorthCent 4 * s a 935A&O
D G R A W 1st 4s.*40 AAO 3100 103
80
fin 1 9 0 4 ............. J&J
Domin Coal lst6s.’ 13MAS {U P
Series A 5s 1926....J&J
3110 118
^ast’n 1st M 6s g.’06 MAS
Series B 5s 1920... .J&J
Fr ElkAM V 1st 6s ’ 33 ©nd ?13£
m
Unst’p’d lst0s.’ 38 AAO $ ( 35 •**»)< Pitt Un Trac 5».1907 J&J
Potom Y allst 5oa941J&J
10
n ? 1 1 6 * Illln Steel oonv 5s.4 JAJ m o 4
SeoA vTn (Pitts) 5a5 4J&D
8
Debenture 5s, 1918 AAO |100* i , « .
39*
29
Bav Fla & West 5s ’34A&0
K C CA 81st 5s g.’ SS AAO ^105
Seaboard A L is 1950....
n u
240
K O F t SAG 1st 7s.’08 J&D
Beab & Roan 5».1926 J&.1
K C F SAMcon0 b.*28MAN n s s
‘ MU
0*
So.Bound 1st 5s *41. A&O
38
13 * R O M A B 1st4a..’ 84 MAS 5 . . . . 101
84
281 388
Income 5s.......
8 5 * On HI 0 & P ls t4 * «’ 39M&N
Un Ry A HI U t4 s’40.M&B
K CA M RyAB 5a.’ 29 AAO 1107*
Income 4s 1949..,,J&D
K C S tJ o A C B 7s.’ 07 JAJ m a
Yirg Mid 1st 6s. 1906 M&8
L RockAF 8 1at 7a.’05 JA 1105
-•I,?,
2d series 0B..1011 MAS
Mar H A Ont 6a...’ 25 AAO 1118
3d series 6*,.1916 MAS
21
MexCent 4s g,.1911 JAJ ? 8 0 * 88
21*
4th ser 3-4-5*. 1991M&8
l i t con ino 3s g non-cum
3 0 * 38
5th series Bs.1996 M&8
8d eon ino 8a non-cum..
3 0 * 32

STOCKS-BONDS

B id. A s k *
BONDS
B a lt im o r e —Conolu’d.
98 100
Va (State) 3s new.’82JAJ
1108 104
Fund debt2-3®. 1991 JAJ
08« 99*
U8
8 55
56
W e itN C con 0S.1914 JAJ
W estYaCAPlsteg.’llJ A J 114 1 U *
1 ,,.0,
W il A W eld 5s. 1985 JAJ 119
$109* 111
B on d s— F fe lla d e lp liia
All© Y y H ext 7»1910A AO 133 * 124
$107
3 3 * 88
H 01* * 1, , » * Asphalt Co 5s tr otfsl949
U Si*
S101 H I M O A tlC lty 1st 5sg..’19 MAN 118
95 5•« a*»
Balls Ter 1st 5s.l926 J&D
t\05M 100
Sa . * 0 « . . . .
Berg ABBre w lst0s’21JAJ -Mil!
Cambria Iron 0s. 1917 JAJ
S * 6 » 9> 101*
Ches&D Canlst5s.’ 36 JA
ChocAMem ist5sl949JAJ
ChocOkAG gen 5s,19JAJ 11354 118
97
98
Cit’s’ BtRy^Indlcon Ss.’SS
U 4 * 115* Colum St Ry lstcon5s.’ 32 ... *0» » 416H
Con Trao of N J 1st 5s,. ’ 3 109% •*»»0J
toot.
n u n
Del A B Bk lst7s.v
05FAA
HastAA 1st M 5«.’20 MAN 11454 m u i
Ht)<
*» » . . .
108 n o
Edison Hlec 5s itk tr ctfs U S
9 8 * 99
HleoA Peop’s Tr atk tr ctfs
131* 182
111 111*
Bim&Wilm 1st Bs.’ lO JAJ i l ?
Income 5s— 2802 AAO 107
Mill!
■* * * f
i
Sq 1 1 G&a-L ls t g5s,1938 108* MIDI
1
Hestonv M A F con 5s.1
24 -»»•*» MM||
116 118
H A B Top con 5«.’25 A tO 110 118
' *»,»«
86
S7
119*
Indianapolis Ry 4s,.19SS
100
Lehigh Nav 4 *s , .’ 14 Q-J 113 ■Hill
101
•M ill
RR 4s go.,,.0.1914 Q-F
» 0. M »
»
Geh M 4 *8 g, .1024 Q-F
118
118
Leh Y 0*11st 5s g.’ S3JAJ M»M»
■M «
*
108 * *.* » * » Leh Yal ext 4a., 1948 JAD 11 ? 180
87
93 i
2d 7 s ..,.,.,..1910 MA8 137*
Consol 08...,,1928 JAD 125
130
...
no
Annuity 8s.. . . . . . , . J AD
110 117
Nat Asphalt 5a. 1951. JAJ
24
New’k Con Gas 5s ’ 48 J AD 105 1 0 S H
25
131
Newark Pass con 5s. 1930 *•«* *
133
NYPhilANorlst4s *39JAJ 104 iMIH
118*
84
Income 4s.. .1989 MAN
118
♦ set
• Mil m it t
No Penn lot 4e..’ 86 MAN
- » . a» >
10s *
110 n o *
GenM 7 s ,,.,0,19GS J&.j
... I . 3» i » 8
Penn gen 6» r,. .1910 Var
135
112 u s
Consol08c .,«, 1905 Var 108 >,»«,•
1***4 ♦*tttt
87
Consol 5s r. *. ,1919 Tax
90
US*
Perm A Mcl Steel con 6s
11s
Pa A N Y Can 7a..’06 JAD
Cons 5s,...... 1989 AAO 109*
• *•#*1 j*»* *
90
*•004
117
Cons 4ft.,,.,, 1989 AAO
Penn Steel lst5s.’ 17 MA \ .... * .... ♦
. » . « « * . » %» »
105
People’s Tr tr certs 4& ’ 4 > 106*
.
100
108 111
Phila Hlec gold trust ctfs 100* llltt
Trust certfft 4 i. . . . . . , . , ,0 4 * *•,04
115
108
PhAHr gen M 5g.’30 AAO 131
MIM
Gen M 4s g., 1920 AAO 108*
180
ISO
>4»tM
HIM Ph A Read 3d 5*.'SS AAO 181
Consol M 7#..1911 JAB 18?
114 H u t H
i»Mt
Con M 6s g...1 911 JAD
UMI k »*«f
118
*
*■ **
«*■
Hafts! mp M4a g. ’47 A AC 108* • toot
115 •*»**»
1 IS
Con M of *82 4*087 j ^ k
M -*
IM
* « ** '
Termmal 5s g. 19 41 - 185
<MM(
no
P WU A Balt 4c, 1917 A A ’
no
U n i*
Ooliat trust 4a.l931 j aj
Read Co gen 4a, 1997 JA 1 9 8 * V i #
84
86
•i.itj
9 5 * Rochester Ry con 5s. 1980
08
68* Bo’aRH8idelftt5« g*85J & D •*, *» >»•...
9cmn Trao t« 16s ’ 83 M A N
108 H U M
•Ml*
UnTrac Pitts gen5s*97J A ’
115
Welsbaoh » i 6* i 980 J a d - **, ♦♦ . Ml*t
180
* M«
*
i And lutexesL
no
iprieg \hdlude« overdue coupe us.
tie
U?M
Bid. A sk

THE CHRONICLE

January 4, 1902.j

39

mA ^laiteaxi
RAILROAD

E A R N I N GS.

The follow ing table shows the gross earnings of every S t e a m railroad from which regular weekly or monthly retuirns
can be obtained. The first tw o columns of figures give the gross earnings for the latest week or month, and the last t wo
columns the earnings for the period from J u l y I to and including such latest week or month.
The returns of tlie street railways are brought together separa tely on a subsequent page.
N o t i c e C h a n g e — O ur yearly totals now all date from J u l y 1.
Latest Gross Warnings
BOADS

Week

or M onth

Current
Year

Previous
Year

Current
Year

l*revious
Year

$
$
$
$
76,612
70,781
16,100
17,490
A d iron d a ck ........ October. ..
47,046
40,871 1,183,053 1,032,421
A la G t Southern. 3d w k D eo
A l a N O & Texas P a c June,
840,184
864,819
40.000
86,000
N O & N o East. ls t w k Doc
447,288
878,725
19.000
19.000
A la < Vioksb’g 1st w k Dec
fe
872,094
424.000
19.000
20.000
Viclceb Sh & P . l s t w k Deo
813,741
895,556
35,086
30,890
A nn A rb o r.......... 3d wk D eo
21,442
31,470
5,404
7,787
A n n W ash A Bal. O c to b e r...
A teh To p & S Fe. N ovem ber 5,439,579 4,779,095 25,547,304 22,189,987
059,176
995,528
273,771 278,885
A tla n ta & Char.. O cto b er...
204.879
39,204
56,012
260,787
A t l K n o x v < N o. N ovem ber
fe
26,418
48,757
6,171
11,344
A tla n tic & Birm . N ovem ber
A l l Coast L in e ... O c to b e r... 740,523 702,8941 2,458,619 2,885,096
90,404
109,860
20,260
19,530
A t l V ald & W est. N ovem ber
37,693
7,694
82,669
9,005
B a lt & A n n S L . . O cto b er...
B a lt & O h io ,... > N o vem b er 4,274,611 3,885,241 21,762,804 19,480,351
B & O Southw. v
693,090
140,311 113,678
596,087
B an gor & A roost N o vem b er
14,533
8,509
17,954
5,937
B ath & Hamraon O c to b e r...
15,952
19,497
B e lla Zanes & Oin O c to b e r...
24,700
4,940
15,559
4,187
B e llefo n te Cent*! N ovem ber
15,369
17,214
4,327
4,349
B r id g t < Saco R . O cto b er...
fe
2,954
3,478
B u ff A ttic a & A rc O cto b er...
99,335 3,229,419 2,793,032
Buff Koch «& Piets 3d w k D ee 107,49o
N ovem ber
364,055
802,999
68,218
75.823
Buff alo A S u sq.
451,023 385,324 2,422,082 2,195,053
u rl C B ap & No N ovem ber
adian Pacilic 3d w k D oc 712,000 605,000 18,659,817 15,198,132
mt’ l o f Georgia 3d w k D ec 174.340 141,950 3,820,128 3,458,092
N ovem ber
303,889
58,894
49,189
268,837
CentT N e w E n g
Cent’ l o f N Jersey N ovem ber 1,513,047 1,380,267 7,480,106 6,537,935
1,935,455 1,872,038 7,675,592 7,248.764
C en tral P a cific .. October.
45,730
50.865
1,878
1,391
Chattan South’ n. 3d w k D ec
Ohesap < O h io... 3d w k D ec 282.341 316,271 8,115,154 7,578,648
fe
813,562 721,036 4,142,332 3,972,101
Chic & A lto n B y . N ovem ber
Chic B u rl & Quin N o vem b er 4,596,265 3,905,786 24,223,664 22.355.043
Chic & E Illin o is . 3d w k D ec 131,380 131,454 2,979,038 2,732,181
Ohio G t W estern 3d w k D ec 121,226 130,332 3,794,610 3,426,638
70,162
80,563 2,248,327 1,990,442
Chic In d <feL’ v .. 3d w k D ec
Chic M ilw & St P 3d w k Dec 822,589 906,491 23,032,869 21,145,955
Chic & N orth W ’n N ovem ber 4,046,328 3,483,189 21,052,229 19,179,453
Ohio P eo & St L N o vem b er
611,024
123,727 124,132
577,300
• tL C fc A S t P .
O cto b er... 2,944,491 2,615,839 11,435,358 9,976,257
Chic B I A P a c ...
© lie St P M & O. N ovem ber 1,079,878 925,404 5,391,647 4,950,526
756,644
26,993
679,817
25,998
Ohio T erm T r R E 3d w k D ec
*93,696
*89,949 2,911,369 1,993,672
Choc O kl & G ulf 3d wk D ec
88,549 2,607,920 2,319,619
87,517
Oin N O A T P a c 3d w k Deo
C lC in C h A St L . 3d w k D ec 344,650 384,013 9,445,817 8,760,531
53,226 1,243,557 1,134,713
49,415
P eo ria < E ast’n 3d w k D ec
fc
229,189 100,490 1,164,443
878,029
e v L o r & Wheel N ovem ber
97,232 2,692,287 2,373,477
•lora&o & South 3d w k D ee 113,600
55,896
57,095
17,709
16,7161
1 N ew h < Lau. O c to b e r...
fe
19,082
19.373
494.607
585,420
• Sand < Hock 2d w k D ec
1
fe
31,643
91.866
134,169
18,291
r a w a ll <feLeb.. O c to b e r..
95.823
474,560
518,967
90,231
C u m b erld V al; ey N ovem ber
D en ver < R io Gr 3d w k Dec 219,100 222,900 5,998,462 5,777,086
fe
19,870
603,510
25,786
D e tro it Southern, 3d w k Dec.
555,731
65,850
63,404
it < M ackinac, October.
fe
281,686
268,150
47.373
u lS o Sh < A t l.. 3d w k Dec
fe
44,510 1,309,913 1,257,888
17,297
61,914
70,617
St L < Carond. N ovem ber
fe
12,196
N ovem ber 3,545,220 3,169,524 18,217.378 10.146.043
e .............
3d w k D ec
6,615
170,550
6,343
v a n sv < Indiau
fe
163,878
721,712
22,619
v a n sv & T H .. 3d w k Dec
28,454
702,540
O cto b er..
6,058
5,143
a r m v A P ow h a t
23,461
23,401
0,635
F in d F t W & W .. September
30,009
33,638
9,610
N ovem ber
935,174
221,214 195,247
F t W & Den v City
890,503
N ovem ber
187,664 163,361
836,862
G eorgia R E —
777,134
99,868 104,429
G a South & F la N ovem ber
503,630
523,274
Novem ber
G lia V a l G d; N ..
36,081
156,034
152,887
32,679
G r Trunk System 3d wk Dec 539,522 578,366 14,499,255 13,702,183
2<i w k D ec
95,040
G r T r < W est’n
fe
91,458 1,946,225 1,871,665
D e t G r H & M . . 2d w k Dec
29,355
618,104
542,600
20,970
G reat N orth ’n —
St P Minn (fe M . N ovem ber ,122,441 2,172,948 13,844,019 10,394,051
E ast’n o f Minn N ovem ber
546,980 383,158 2,736,190 2,023,492
M ontana Cent’! N ovem ber
746,834
874,854
100,995 158,711
T o ta l system. N ovem ber 3,770,416 2,714,817 17,327,643 13,292,397
H ock in g V alley. 4th w k Dec
80,586
92,049 2,697,240 2,433.787
Hous (fe T e x Cent O c to b e r... 601,477 740,643 1,927,367 1,885,236
Illin o is C en tral.. N ovem ber 3,497,530 3,142,838 17,234,070 15,188,994
Illin o is Southern N ovem ber
51,435
8,282
12,665
59,413
In d Dec & W est’n uly.........
55,928
59,698
59,698
55,928
In d 111 (fe Io w a ... O c to b e r...
400,392
147,090 108,943
562,796
In t (fe G t N orth ’ n 3d w k Dec 108,883 127,384 2,469,998 2,463,209
In tero c (M ex>___ W kD ec 14
79,400
76,900 1,737,500 1,800,280
Io w a C en tra l___ 4th w k Dec
01,006
05,397 1,270,992 1,165,313
Iron R a ilw a y ..
N ovem ber
22,162
4,342
6,477
32,985
K an aw h a < M id i 3d w k Dec
fe
432,382
15,643
520,258
17,508
Kan C ity Hoath’ n N ovem ber
468,944 380,038 2,151,736 1,847,017
Lehigh (fe Hudson N ovem ber
184,058
105,278
36.214
29,218
Lehigh V al R E .. O cto b er.. 2,894,058 1,045,123 10,087,553 8,023,633
Leh Val Coal Co. O cto b er... 2,138,415 679,000 0,921,100 0,153,718
L e x ln g (fe East’ n. October. ..
122,042
139,100
31,070
37,771
L ook Inland . . N ovem ber
I n c . 62 ,215
I n c 30 5,926
Lou H en A H t L .. N ovem ber
280,613
52,802
54,488
296,507
L o u ls v < Nashv. 3d w k Dec 515,175 672,310 14,426,159 13,182,817
fe
Macon
Li m i .
N ovem ber
46,008
52,140
11,808
9,623
M a n istiq u e. . . .
n ovem ber
35,450
4.275
3,208
29,078
JMexlcan Centra) 3d w k Dec 367;70;
310,006 8,070,507 7,740,683
M exican intern’l N ovem ber
566,583 403,670 2,483,049 2,232,120
t Mexican N a t’l . . 3d wk Dec 154,381
125,732 8,490,520 3,400,878
tM exi can B y ....... Wk Deo. 14
98,200
86,100 1,933,000 1,943,000

f

Latest Gross Kamings

Jnly 1 to Jntest Date
ROADS

Week
or Month

Current
Year

P r e v io u s

Year

July 1 to L a te s t D a le
C u rre n t

Year

Previous
Year

$
$
865,790
830,680
17,411
15,410
M exican South’n 2d w k D ec
3,254
M illen < So’ w’n .. N ovem ber
fe
274,129
260.487
48,927
48,046
M in eral R a n ge.. N ovem b er
62,012
63,474 1,763,468 1,572,080
Minneap (fe St L . 3d w k Deo
89,870 3,254,754 2,191,130
M St P & 8 St M. 3d w k Dec 125,687
Mo K a n & Texas 3d w k Deo 283,165 317,113 8,508,192 7,574,811
Mo Pac & Iron M r 3d w k Dec 544.000 605.000 18,149,000 15,950,000
688,000
683,000
12,000
21,000
Central Branch 3d w k Dec
3d w k Deo 550.000 626.000 18,964,291 10,012,395
T o ta l---76,039
65,728
3,670
3,737
Deo
Moh Jack & K O. 3d w k s
556,400 552,000 2,569,100 2,541,976
M obile (fe O hio..c N ovem ber
509,847
601.488
113,007 100,363
M ont & M e x G u li N ovem ber
085,714 608,234 3,290,640 3,217,781
Nash Ch (fe St La. N ovem ber
73,899
78,850
15,652
17,043
N ev-O a l-O re___ N ovem ber
8,304
9,091
2,314
2,970
N evada Central. Septem ber
N Y 0 & H ud R iv N ovem ber 5,837,015 5,704,612 32,174,568 28,862,942
501,422 460,365 2,028,932 2,100,242
N Y Ont < W est. N ovem ber
fe
903,408
249,945 225,875 1,248,011
N Y Susq & West N ovem ber
N o rfolk < West'n 3d w k D ec 302,457 317,170 8,281,308 7,765,519
fe
,1
742,937 772,537 3,673,214 3,288,714
Northern Central N ovem ber
NortlTn Pacific.of 3d w k D ec 725,753 622,755 21,934,195 17,870,877
Ohio &
L ittle
46,124
48,207
Septem ber
16,991
16,428
K an aw h a.
576,501 470,686 1,951,821 2,000,652
Pacific Coast Co. O c to b e r...
P en n —E a s tP & E . N ovem ber 8,073,524 7,788,524 40,662,297 36,937,697
I n c . 4,2 20,300
N o vem b er
I n c . 87 3,400
W est P & E .
Pere M a rq u ette.. 3d w k Dec 152,870 163,271 4,567,636 4,114,780
709,718 489,194 2,694,450 2,058,302
O c to b e r...
Ph lla & E rie
990,559 964,459 5,120,535 4,938,335
Plitla W ilm & B . . N ovem ber
3,598
5 979
P in e B lf. & A rk. R. O cto b er...
Pittsb C C & St L N ovem ber 1,871,493 1,588,262 9,153,601 7,907,921
910,384
758.250
244,738 214,463
Pittsb < W est’n. O c to b e r...
fe
565,275
414,668
135,300 109,706
P ittsb Cl & Toi O c to b e r...
196,641
36,912
205,262
38,140
P ittsb Pa & F .. O c to b e r...
67,764 2,083,583 1,811,407
63,775
T o ta l sy stem .. 2d w k Dec
Plant System — '
A la M idland.
Bruns < W ’n. November
fc
744,184 078,419 8,173,132 3,022,370
Chas & S a v ...
Sav F la < W .
fc
Sil S Oc < G ..
fe
Residing Co. —
P h il & R ea d ___ N o vem b er 2,666,205 2,476,476 12,832,984 11,424,178
Coal < I r C o___ N ovem ber 3,034,545 2,530,148 12,821,381 10,826,344
fe
T o t both Co’ s.. N ovem ber 5,700,810 5,006,624 25,654,365 22,250,520
340,095
82.694
89,827
308,761
Rich F r ’ksb < P „ O c to b e r...
fe
222,067
61,462
62,979
222,193
Rio G rande J o t.. O c to b e r...
285,806
11,055
11,333
279,239
Rio G rande So. 3d w k D ec
452,600 398,900 2,322,747 2,176,900
Rio G r’de W e s t.. N ovem ber
778,206
195,632 173.504
671,140
R u tla n d .......
O c to b e r...
642,582
584,038
91,443
109,878
St Jos & G r I
N ovem b er
72,416
57,024
14,426
13,495
St L K e n ’e t < So. N ovem ber
fc
80,160
34,332
7,152
21,417
St L & N A rk
O ctober ..
St L < San Franp 3d w k D ec 335,939 403,388 10,433,891 8,954,790
fe
St L S ou th w est.. 3d w k D ec 141,772 190,203 3,649,810 3,604,429
176,741 159,077
913,578
847,878
S t L V an & T H . . N ovem ber
934,021
305,423 345,634
918,940
San A n t & A P . . . O cto b er...
543,094
86,482
94,823
493,137
San Fran & N P . N ovem ber
San Ped ro Los A n ­
18,000
9,418
geles < S alt Lc N ovem b er
fe
448,936
19,743
419,379
19,568
S F e Pres < P h ... 2d w k D ec
fc
Sav F la < W est.. N ovem ber /744,184 ^678,419 /3,173,132 /3,022,370
fe
Seaboard A ir L .. 3d w k D e c 223,605 222,115 5,362,287 4,953,539
26,428
112,751
115,939
25,878
So O < Ga E x t ... N o vem b er
fe
4,606
5,018
So H a ven & East. N ovem ber
268,696
161,528
80,967
52,9X8
Southern In d . . . N ovem ber
98,976
88,610
16,110
21,628
So Miss < A r k . . . N ovem ber
fc
So P a cific Co b
O cto b er... 7,891,099 7,417,177 28,813,263 25,402^995
Cent P a cific___ O c to b e r... 1,935,455 1,872,638 7,675,592 7,248,704
685,328 650,211 2,414,690 2,135,458
G al H a r & S A . October. ..
106,634
19,875
74,177
40,887
G al Hous<fe N o Septem ber
13,773
17.694
59,581
51,037
G u lfW . T. & P. O c to b e r...
800,152
96,842
257,065
92,028
Hons. E. (fcW.T. O c to b e r...
72,282
23,522
20,589
55,785
Hons, (fe Shrev. O c to b e r...
601,477 740,643 1,927,367 1,885,230
H o u s & T ex C en October. ..
606,036
514,752
177,346 158,317
Louis’ a W e s t... O c to b e r...
836,047 809,099 2,787,718 2,455,691
M organ ’s L & T O c to b e r...
30,528
131,796
90,697
38,577
N Y T & M ex .. O t o b e r . . .
981,695
817,437
257,519 244,171
T e x < N O r l . . . . O c to b e r...
&
So P a c o f Cal .. O c to b e r... 1,911,618 1,723,145 7,294,330 0,271,894
So P a c o f A riz . O c to b e r... 400,658 332,264 1,388,122 1,146,410
So P a c o f N M . October. .
824,937
237,487 179,009
626,999
Southern R a llw ’y 3d w k Deo 683,044 724,896 18,016,312 17,172,438
T erre H (fe Ind
714,539
690,659
139,467 133,488
N ovem ber
233,121
T erre H & P e o r.. N ovem ber
249,673
48,521
47,117
T ex a s C entral . 3d w k Deo
339,404
353,290
14,521
20,678
T ex a s < Pacific 3d w k D ec 302,706 323,050 5,690,897 5,253,006
fe
47,000
Tex S V & N W
49,700
17,500
16,900
October. ..
T o l < Ohio C e n t . 3d w k D ec
fe
40,451
48,951 1,416,744 1,245,736
575,564
22,372
T o l P & W e s t . . . . 3d w k D ec
574,34*?
19,738
T o l St L & W
46,862 1,243,706 1,070,711
38,791
3d w k Dec
T o r H am < B u ff, 2 d w k Dec
fe
237,313
171,764
7,900
6,825
Union Pac R R .
O reg R R < N
fe
N ovem ber 4,438,497 3,829,513 21,548,859 19,910,992
O reg Sh L in e.
W a b a s h ...........
4th wk Dec 526,806 498,121 9,937,614 9,103,814
W Jersey < Soa'e November
fc
217,163 206,563 1,972,932 1,874,932
W V Cen < P itt.. September 102,167
fe
280.540
309,588
95,338
Wheel cfe L E ___ November
298,144 265,181 1,535,026 1,295,565
Wichita V alley... October...
8,132
7,756
Wisconsin Cent.. 4th wk Dec 135,000 129,971 8,032,726 2,740,582
57,703
45,905
W rigiltsv (fe T ’n .. O ctober...
17,375
10,847
Yazoo < Miss V.. November
fe
805,444 689,013 2,775,056 2,448,763

§ C overs results on lines directly operated east o f P ittsbu rg.
* Figu res from N o vem b er 1 are lo r the railroad only, t M ex ica n currency.
aJncJudes Paducah < M em phis D ivision from Ju ly 1 in both years.
fe
0 Includes the Houston (fe T ex a s Centra) and its subsidiary lines. E arn in gs of the C rom w ell Steam ship Lin e, not p revio u sly reported, are
n<> 7
lf> included.
< Results on M ontgom ery D ivision are Included in both years.
< Inclu des 8t. Pau l < Duluth fo r both years.
1
fe
e includes results on Bher. Hbrov. < Southern, Mo Midland and Ban A n ton io extension fo r this year, but not fo r last year.
fe
f ’Those figures
are the n suits on the AJa. M idland, Brunswick < W estern, Charleston cfe Savannah, Savannah Fla. (fe W est’ ll and S ilv e r Springs Ocala & Gulf.
fe
U 'These figures Include, besides the St. Louis (fe Ban Francisco p rop er, the K a n . C ity Ft. S cott c M em phis and Ft, W orth (fe Rio Grande.
fe

40

THE

G flBO NICLE.

3 th ir d reek o f Dace: ber ou r fin al statem ent oovers
tuul sh ow s 9.-tu­ per cent d e e r a ae in the a g g r e g a t e
2’98
sa m e w e e k lust y e a r.
d i i w e t fc OJ

Previously rop’ d (37r’de)
t hattanooga Southern.,
Choc. Gala, & G ulf,...... .
Qlm N. O, * Texas Pao.
Duluth 8o bhor<d A A t . .
Grand Trunk...............i
Grand Trunk W est.. )
Dot. Gr. H a t. * Miiw. 1
Hocking V a lley.............
Mob. j aokaon & K. C ity .,
Nurfoik A W estern.___
Northern Pacific___... . .
Pere Marquette___ . . . . . .
St. Louis & San F ra n ....
Seaboard A ir L in e___...
Texas C entral................
Total (53 roads)..........
N et decrease <2 98 p. e.L

1901.

1900.

In c r e a s e ,

In c r e a s e .

$
540,049
487

, *
7,196,890
1,391
93,696
87,517
19,87t
47,373

$
7,453,90?
1,878
89,949
88,549
25,786
44,510

539,522

578,366

38,844

97,370
3,670
302,457
725,753
152,870
335,939
223,605
14,521

107,39i
3,737
317,170
62 2,755
163,371
403,388
222,115
2Oj078

10,022
07
14,713
102,998

9,841,444 10,143,449

393,132

$
282,034
3,747

1,032
5,916

2,863

1,490

10,401
67»449
0,157
695,137
302,005

Net Earnings Monthly to Latest Dates,
-----G r o t s E a r n i n g s . -----.,---- E e l E a r n i n g * C u rre n t
Y e a r.

P r e v io u s
Y e a r.

C u rren t
Y e a r,

P r e v io u s
Y e a r.

Roads.
$
»
$
$
59,952
Alabama Gt.So’th.a Nov.
220,951
201,440
66,089
305,206
269,8 81
July 1 to Nov, 30___ 1,040,048
893,857
B a n g o r * A roost’fcbNov,
140,311
47,542
113,673
59 517
236,716
July 1 to Nov. 3o___
693,090
596,087
276,683
Buffalo & 8’squeh.aNov.
38,658
75,823
35,110
68,218
July 1 to Nov. 30 ...
264,055
302,999
169,953
139,977
58,589
Barl.Ced. R.& N o.a.Nov,
451,033
385,324
148,897
Jam 1 to Nov. 30 ... 4,778,018 4,433,647 1,561,373 1,190,941
Canadian P a cifie.a .N ov. 3,8 83,383 2,748,660 1,440,878 1,065,548
July 1 to Nov. 30....16,399,817 13,296;i31 6,662,148 5,141,272
214,910
236,300
Cent, o f G eo rgia.a.N ov.
751,406
617,864
July 1 to Nov. 3 0 ..., 8,306,008 3,019,642 1,041,783 1,038,017
799,095
Central P a cific,b,.. Oct,
1,935,485 1,872,688
795,231
July 1 to Oct. 3 1 .... 7,675,592 7.248,764 3,292,336 3,225,999
Ohattan’ ga Soutli.aNov.
7,476
7,626 def.5,051 def.4,540
July 1 to Nov. 3 0 ....
45,421 def.20,463 def.13,948
40,717
Chesap, & O W o.a ..N ov. 1,357,238 1,253,706
491,246
477,209
July 1 to Nov. 3 0 .... 7,226,428 6,629,835 2,874,340 2,744.901
OMe. Burl.& Quin. bNov. 4,596,265 3,965,786 1,596,678 1,270,929
July 1 to Nov. 30....24,223,664 22,355,043 9,752,385 8,816,783
O h io . M. A 8t. P .a .-N o v .
4,177,139 3,788,006 1,549,373 1,481,35.
July 1 to Nov. 30....20,394,996 18,610,322 7,556,079 6,930,589
520,327
Cl.Oin.Chio.&St.L.aNov. 1,618,749 1,603,368
403,319
July 1 to Nov. 3 0 .... 8,388,762 7,608,492 2,430,562 2,292,506
P e o r ia * E ast’ n.a.Nov.
62,801
210,038
58,969
204,971
July 1 to Nov. 3 0 ___ 1,095,169
294,788278,150
975.033
498,569
C o lo i’ do & South, b.N ov.
129.538
167,397
423,415
550.529
July 1 to Nov. 3 0 ___ 2,377,987 2,078,416
653,392
30,953
95,823
Cumberland V al.b.N ov.
90,231
26,098
339,836
Jam 1 to Nov. 3 0 .... 1,014,374
365,839
941,466
Dul. So. 8h.& A tl.b .N o v .
27,588
201,895
176,123
59,720
394,363
July 1 to Nov. 30___ 1,176,642 1,134,277
441,783
26,866
221,214
Ft.W . & Den. Ci ty .b Nov.
76,202
195,247
347,336
Jam 1 to Nov. 30 ... 1,956,006 1,624,956
523,878
61,692
187,664
78,790
G eorgia.® ........... . Nov.
163,361
267,425
836,862
July l t o Nov. 3 0 ....
285,976
777,134
19,113
20,630
G ilaVal.G lobe& No.Nov.
32,679
36,081
84,726
152,887
July 1 to Nov. 3 0 ....
78,550
156.034
462.721
304,442
601,477
Houst. * T ex . Cent. Oct.
740,643
888,972
790,538
July 1 to Oct. 3 1 .... 1,927,367 1,885,236
14,451
Io w a Central, b
Nov.
217,955
32,119
177,142
102,792
188,070
July l t o Nov. 3 0 .... 1,063,015
95 6,797
11,794
19,608
Xanawha & Mich.a.Nov,
75,890
102,138
71,483
465,640
July 1 to Nov, 3 0 ....
101,526
381,635
Ino.
Lon g Is la n d ......... Nov.
52,215
31,610
Ino.
246,631
Ino.
July 1 to Nov. 3 0 ....
Ino.
365,926
967,365
939,712
Loulsv. & Nashv.to.Nov. 2,707,607 2,418,632
July l to Nov. 30---- 12,676,359 li;4 3 i;7 9 3 3,968,028 4,225,352
454,670
4 95,431
M exican C entral...N ov. 1,494,573 1,428,706
Jam l t o Nov. 30....15,821,336 15,851,653 4,335,536 4,919,741
228,055
M ex. International,N ov.
566,583
493,670
221,217
Jam 1 to Nov. SO.... 5,413,786 4,904,145 2,232,032 1,963,930
M ilieu & Southwest.Nov.
3,254
866
Mineral R ange.b. ..Nov.
48,046
4,635
10,5 64
48,927
54,789
77,256
July 1 to Nov. 30.
260,487
274,129
316,232
118,152
Minn. & St. Louis.a.Nov.
141,108
273,260
610,066
July 1 to Nov. 3 o .... 1,567,456 1,381,805
681,773
694,803
450,655
197,850
M. St. P .& S .B .M .b N o v .
408,774
803,441
July l t o Nov. 3 0 .... 2,882,172 1,923,391 1,651,191
188,372
219,273
Nash.Ch.A St. L. b, .Nov.
608,234
685,714
July l t o Nov. 3 0 ..., 3,290,640 3,217,781 1,047,306 1,123,279
152,510
138,199
SJ. Y. Ont. & W est.aNov.
501,422
460,365
847,602
July l t o Nov. 3 0 .... 2,628,932 2,100,242
662,356
N o rfolk & West’n.a.Nov. 1,447,972 1,325,396
£90,380
526,963
July 1 to Nov. 3 0 .... 7,311,463 6,828,300 3,144,471 2,754,632
309,761
Northern Central.b Nov.
742,937
370,061
772,537
Jam 1 to N ov. 3 0 .... 7,624,108 7,088,708 2,351,839 2,077,539
Pen n sylvan ia—
Lines d irectlyo p era ted
East o f P it t s .* E.Nov. 8,073,524 7,788,524 3,213,158 3,229,958
Jam l t o Nov. 3 0 ... 85,493,008 77,759,008 30,744,765 26,380,965
Inc.
873,400
West of Pitts. &E. Nov.
Ino.
336,300
Ino. 2,554,900
Ino. 5,196,100
Jam 1 to Nov. 3 0 ...
376,449
380,149
990,559
964,459
Phil. W ilrn .* B alt.bN ov.
133,952
132,212
416,950
362,309
P it t s .* West. Sys.b.Oct,
644,473
492,304
July 1 to Oct. 3 1 ... 1,672,300 1,378,180
Reading Company—
Phila. & Read’g.b.Nov. 2,666,265 2,476,476 1,022,184
869,076
July 1 to Nov. 3 0 .... 12,832,984 11,424,176 4,877,485 3,836,281
349,775
320,075
Coal & Iro n Co. b.N ov. 3,034,545 2,530,14 8
576,286
July l t o Nov. 30....12,821,381 10,826,344 1,284,257
T otal both Co.’s.bNov. 5,700,810 5,006,624 1,371,959 1,189,151
July l t o Nov. 30....25,654,365 22,250,520 6,161,742 4,412,567

[V o l .
— G ro s s E a r n i n g s .—
O u r ra n t

Year.
%

Roads

Lxxiy,

- N e t E a r n i n g s .—
C u rre n t
P r e v io u s
Y e a r.
Y e a r.
%

P r e v io u s
Y e a r,

Reading Company-(C ontinued) —

... ....
Reading Co. t>......Nov.
87,619
July l to Nov. 3 0 ,.,.
.......
411,869
T otal all Comp’ s, b Nov.
.......
1,459,578
July l t o Nov. 8o___
.......
6,573,011
Rio Grande Junot. Oct,
61,462
18,488
62,979
Deo, 1 to Och 3 1 ,...
606,450
522,257
156,677
Rutland................. Oct.
70,473
195,632
173,504
July 1 to O ct 8 1 ....
314,903
671,140
778,206
St. Jos. * Gd. fs l.a .N o v .
37,380
91,443
109,878
July 1 to Nov. 3 0 ....
227,573
584,038
642,582
Southern Pae. < o a O ct
7,891,099 7,417,177 3,168,194
July l t o O ct 31....28,813;263 25,402,905 10,986,997
Southern R a llw ’ y.aNov. 3,272,444 3,065,375 1,120,086
July l t o Nov. 30.... 16,852,415 14,995,405 5,150,207
Toledo * 0 . C ent.a.N ov.
250,252
217,900
39,397
July 1 to Nov. 3 0 .... 1,273,262 1,098,255
313,305
Onion Pac. System a. Nov. 4,438,497 3,829,513 2,303,057
July 1 to Nov. 30....21,548,859 19,910,992 10,658,740
W.Jersey & Seash.bNov.
217,163
206,563
10,310
Jam 1 to Nov. 30 ... 3,465,584 3,276,084
930,905
Wisconsin Central bNov.
482,303
430,393
160,926
July 1 to Nov. 3 0 .... 2,609,226 2,332,130
980,656
a R cr earnings h e re g lv e n are a fte r deducting ta x es ,
b N et earnings here giv e n are b efore deducting ta xes.

26,786
115,844
1,215,937
4.528,411
18,893
151,935
64,405
250,491
26,4 86
219,806
3,030,000
9,343,803
1,062,771
4,906,707
47,813
292,070
1,768,022
9,063,614
17,610
915,105
153,647
866,477

Interest Charges and Surplus.
— I n t., r e n t a ls , e tc .—
C u rre n t
P r e v io u s
Y e a r.
Tear.

- B a t . o f N e t M a m ’s .—.
C u rre n t
P r e v io u s
Year.
Y e a r.
$
$

Roads.
$
473,669
797,260
800,000
796,678
Ohio. B u rl.* Qnincj Nov.
July 1 to Nov. 3 0 .... 4,000,000 3,986,301 5,752,385 4,830,482
231,439
248,849
171,880
271,478
Olev. Gin. Oh,& 8t. t .No v.
July 1 to Nov. 3 0 .... 1,163,537 1,217,084 1,267,025 1,075,422
33,750
29,051
33,688
25,281
Peoria & Eastern.Noy.
168,441
109,709
168,750
126,038
July 1 to Nov. 3 o ....
78,442 *df. 18,422 *df.50,377
78,642
Dul. So. 8h. & A tl...N ov.
391,341
*50,977
*4,810
393,208
July l t o N ov 3 o .„..
*8,653
10,672
*1,689
11,429
Kanawha & M ich .. Nov.
*21,002
53,314
*48,460
55,744
July 1 to Nov. 30 —
4,846 *def.3,940
*5,751
9,613
Mineral R an ge---- Nov.
‘ 54,274
23,327
*12,157
42,897
July 1 to Nov. 30 ....
160,404
66,763
27,968
152,510
Sashv. Chat.&St.L.Nov.
318,573
804,706
284,757
762,549
July 1 to Nov. 30 ..
339,425
197,041
187,538
398,359
Norfolk & West’n ... Nov.
938,025 2,183,904 1,816,607
960,567
July l t o Nov. 8 0 ....
R e a d in g 790,980
424,957
597,578
862,000
A ll companies... Nov.
573,513
July 1 to Nov. 3 o .... 4,310,000 3,954,898 2,263,611
28,630
17,739
8,750
8,750
Bt. Jos. & G r.llsl’d.-Nov.
176,056
43,750
183,823
43,750
July 1 to Nov. Ho— .
*843,459
Southern Pao. Co...O ct. a2 , 4 03,449
*2,515,840
July l t o Oct. 3 1 ... a8,825,397
*12,574
*def.9
39,854
35,519
Toledo & Ohio Cem.Nov.
170,803 *115,824 *121,983
199,430
July 1 to Nov. 30 ..
*23,170
*21,519
133,734
140,014
Wisconsin Central..Nov.
*290,321
*198,252
674,888
700,959
July l t o Nov. 3 0 ...
A fte r allow in g fo r other incom e received,
a These figures for October include $1,041,531 appropriated for
betterments and additions to properties and equipment; from July 1,
to Oct. 31 the amount expended fo r these purposes was $3,375,227.

N o r t h e r n P a c ific .— W e g iv e b e lo w the gross a n d n et
earn in gs, etc., o f the N o rth e rn P a c ific fo r N o v e m b e r a n d the
fiv e m on ths to N o v e m b e r 30.
,------ N o v e m b e r , -------, r—J u l y 1 t o N o v . 30.1900.
1901.
1900.
1901.
$
Gross e a r n in g s ............4,092,085 2,914,516 19,105,905 14,772,810
Operating expenses.. .. ... 1.815,123 1,263.125 8,958,398 7,076,925
N et e a rn in g s .......... 2,276,962 1,651,391 10,147,507 7,695,885
96,533 1,905.313 1,210.799
Taxes, rentals,bet'm’ts.&e 346.426
N et operating income. 1,930,536 1,554,658 8,*42,IP * 6,485,086
Miscellaneous income, not
323,256
69,150
267,033
including land sales.___
60,173
N e t in c o m e —
------------ Main s y s te m ........... .....1,990,709 1,624,008 8,509,227 6,808,342
145.768
143.955
16,088
Proprietary lin e s ........... .
26,711
■ T o ta l........................ ..2,017,420 1,640,096 8,c53,18jJ 6,954,110
I ____________________ _
N o tk .—Operations o f the St, Paul & Duluth inoluded in both years.

Street Kailway Net Earnings.
— G ro s s E a r n i n g s .—
C u rren t
P r e v io u s
Y e a r.
Y e a r.

— N e t E a r n in g s ,C u rre n t
Previous
Y e a r,
Y e a r.

Roads,
5,?91
7,753
Clev. & Eastern,a..N ov.
57,722
82,916
Jam 1 to Nov. 3 0 ....
4,227
4,305
C1.& Chag. F. E lec.aN ov
45,152
43,670
Jam 1 to Nov. 3 0 ....
10,010
Galveston C ity Ry..Nov.
10,425
12,084
Lond.8t.Ry. (Can.) aNov.
108,066
128,898
Jam 1 to Nov. 3 0 ....
7,149
9,474
N ew Castle Tract, ..N ov.
57,462
59,060
July 1 to Nov. 8 0 ....
26,036
81,964
Tacoma Ry. & P ....N o v .
102,053
113,077
Toledo Rys. & Lt.a.Nov.
Jan, 1 to Nov. 3 0 .... 1,184,706 3,070,669

2,421
34,459
537
14,087
2,134
6,082
50,621
2,564
20,536
11,141
55,804
611,930

2,508
24,781
1,315
14,552
5,319
33,318
793
23,735
5,293
50,015
507,160

Charges and Surplus.
- h i t . . r e n t a l s , e tc .—
OurrerR P r e v i o u s
Y e a r.
Y e a r,
H oads,

Ciev. ,% E astern...,N ov.
Jam 1 to Nov. 3 0 ....
Cl. & Chag. F. Elec. -Nov.
Jam 1 to Nov. SO ...
London Street R y ,.N o v.
Jam 1 to Nov. 3 0 ....

$
3,479
39,132
1,404
12,642
2,175
21,675

, - B a l . o ( N e t S a r n ’s . - *

S
g
3,297
30,865
1,416
12,822
1,647
19.941

C u rre n t
Y e a r.

$
def. 1,058
def.4,678
def.867
1,445
3.907
28,040

p r e v io u s
Y e a r.

$
def.791
del.6,084
def.HH
• .130
’
3,072
13,37 7

FHE CHRONICLE

January 4, 1902.]

41

All other creditors are to be asked to unite with the
Cleveland creditors in grunting the extension. The EverettMoore Syndicate, it is stated, consists of II. A, Everett, E.
Southern Pacific Company.
W. Moore, D. Mahler, C. W. Wason, J. B. IlanDa, and in­
cludes among its subscribers a large proportion of the
( Report f o r the. year ending June SO, 1001. J
The remarks of Charles M Tweed, Chairman of the board wealthy men of Cleveland. Ir, is reported in Detroit that
-.
of directors, and elaborate tables showing the earnings, ex­ among the payments due Jan. 2 and not met by the syndicate
panses and charges of the system, also statistics of operation, were $850,000 on account of the Detroit; & Toledo Shore Line
and balance sheet for two years past, as given in- the annual road and about $ 1,900,000 of the purchase price of the Toledo
report for the year ended Jane 30, 1901, w ill be found on Traction Company’s lines (now the Toledo Railways & Light
Co.) The difficulty in financing the syndicate’s projects is
pages 43 to 52 of to-day’s C h r o n i c l e .— V. 73, p. 958.
attributed to “ tight money.” —V. 73, p. 1111.

ANNUAL

REPORTS.

G ENE R A L IN V E S T M E N T

NEWS.

RAILROADS. INCLUDING STREET ROADS.
Bangor & Aroostook RR. — Bonds Offered.— Brown
Brothers & Co. of this city and Lee, Higginson & Co. of
Boston, are offering at 95 and interest the unsold balance of
$1,900,000 consolidated refunding mortgage 4 per cent gold
bonds dated July 1, 1901, due July 1, 1951, interest payable
January and July, at the offices of the firms named. The
Old Colony Trust Co., Boston, is mortgage trustee. Presi­
dent F. W. Cram says
The net earnings applicable to the payment of fixed charges for the
last fiscal year w ere $341,032. The fixed charges fo r the current
flsoal year, including interest upon all consolidated refunding bonds
issued or to be issued prior to July 1, 1902, w ill not exceed $450,000.
The outlook for the present fiscal year is that the gross earnings wiU
be at least $1,575,000, or about $4,300 per mile of road, and net earn­
ings at least $580,000.—V . 73, p. 1111, 896.

Dnlutli Transfer Ry.—Sold.— At the foreclosure sale on
Jan. 2 the property was bid in for the bondholders’ commit­
tee by John G. Williams.—V. 73, p. 1356.
Indiana Illinois & Iowa By.—Payment fo r Stock.—The
Lake Shore & Michigan Southern yesterday purchased and
paid for 90 per cent of the company’s capital stock.—V. 73,
p. 1356.
Logansport & Toledo Ry.—In Possession.—Possession of
the property of the former Eel River RR, was taken Jan. 1.
The line w ill be operated as a part of the Vandalia system
under Yolney T. Malott, trustee.—V. 73, p. 1010.
Manhattan (E levated) Ry. o f New York City.—First
Electric drain.—The first electric train was run on Monday
on the Spcond Avenue line between 129th St. and South
Ferry.—V. 73, p. 1208.
New Orleans City R y ,—Lease,—A press despatch from
New Orleans on Jan. 2 said:
H. H..Pearson, of the Pearson Syndicate of P hiladelphia to-day gave
out the statement that out of the 75,000 shares of common stock the
syndicate had secured 50,000, and w ould enter on the lease by Jan. 15

Chicago Burlington & Quincy RR.—First Dividend Under
Lease.—The first quarterly dividend of 1% per cent under the
The Fidelity Trust & Safety Yault Co. of Louisville has
lease is announced, payable Jan. 1, the dividend period hav­ arranged with the United States Safe Deposit & Savings
ing been changed to Q.-J. to conform with the terms of the Bank of New Orleans upon a plan by which the holders of
lease.—V. 73, p. 1312,
receipts issued in Louisville w ill be placed upon the same
Chicago General Ry.—Deposits.—Holders of the bonds of footing as stockholders who hold receipts of the trust com­
1895 are notified that they should at once deposit the same pany in New Orleans, S3e item in last week’s Ch r o n ic l e , Y .
with the Merchants’ Loan & Trust Co. of Chicago as trustee, 73, p. 1356.
in order to participate in the bondholders’ protective agree­
N orfolk & Western By.—Joint Bonds.—The Norfolk & West­
ment, already signed by the holders of a large majority of ern and Pocahontas Coal & Coke Co, have made a mortgage
said bonds.—V. 72, p. 437.
to the Girard Trust Co. of Philadelphia as trustee, securing
Chicago Indianapolis & Louisville Ry.— Guaranteed $20,000,000 of “ Norfolk & Western-Pocahontas Joint 4 per
Bonds.—See Consolidated Stone Co. under “ Industrials” cent Purchase Money First Mortgage Bonds.” These bonds
are dated Dec. 2, 1901, and are due Dec. 1, 1911, but are sub­
below.— V. 73, p. 662, 611.
ject to call after Dec. 2, 1906, at 105, The mortgage provides
Cleveland E lectric Ry.—See Detroit United Ry. below.— for the establishment of a sinking fund, which is to receive
V. 73, p. 1356.
2% cents per ton of coal mined on the property. The mort­
gage covers about 350,000 acres of coal land. The royalties
Detroit United Ry.— Temporary Embarrassment o f Ever- alone on account of the leases just made to constituent
ett-Moore Syndicate.—Announcement was made Thursday companies of the United States Steel Corporation and the
that the Everett-Moore syndicate, which controls the De­ leases previously in existence, it is stated, w ill about meet
troit United Ry,, the Cleveland Electric Ry., the Toledo the fixed charges of the Pocahontas Coal & Coke Co. See
Railways & Light Co., and many other companies, is tempo­ that company below.—V. 73, p. 1203.
rarily embarrassed and has turned over all its properties to a
Northern Pacific Hy.—Injunction.—Judge Elliott of the
committee representing its creditors. This is th9 syndicate
which has been buying the trolley lines of Northern Ohio District Court of Hennepin County at Minneapolis on Dec.
and Southern Michigan with a view to consolidating them 30, on application of Peter Power of New York, holder of
into one or more corporations (a $125,000,030 company was 100 shares of the common stock, granted a temporary order
at one time talked of), and which has also been backing restraining the company from retiring its preferred stock,
telephone enterprises in opposition to the Bell in Ohio and A t Minneapolis on Dec. 31 Judge W illiam Lochren of the
adjacent territory, including the Cuyahoga, Federal, United United States Circuit Court dissolved the temporary injunc­
States, Stark County, Columbiana County and Wood County tion.
Retirement o f Preferred Stock.—Under the terms of the
telephone companies; also the People’s Telephone Co. of
Detroit, and a number of other companies in which the Fed­ company’s notice, all the outstanding preferred shares were
retired on Jan. 1 and ceased to exist as stock. A ll holders
eral Telephone Co. is the controlling factor.
The creditors’ committee, of which H. R. Newcomb is of preferred certificates are therefore notified to present the
Chairman and E, C. TillotsonSecretary, makes substantially same at the company’s office, 49 W all St., and receive payment in cash to the par amount of each certificate; $60,000,the following statement:
000 of the issue was canceled at the N ew York office on Jan.
The syndicate w as recently disappointed In being unable to com­
plete the negotiations for the raising of a large sum of money upon 1. It is evident, therefore, that the redemption w ill be
certain of Its bonds and stocks, which w ould have furnished it w ith speedily accomplished.
ready funds, and which negotiations It had reason to believe, until ten
Convertible Certificates Called for Conversion.—A ll hold­
days ago, w ould result favorably.
Some of the members of the syndicate when It becam e apparent ers of 4 p9r cent convertible certificates of the $75,000,000
that many liabilities due about Jan. 1 could not be met, called issue, dated Nov. 15, 1901 (see Y . 73, p. 1160,) are notified
together some of their personal advisers to consider the situation1 that the company has elected to require the conversion of
These men exam ined fu lly the affairs of the syndicate. They found the same into common stock at once at its office, 49 W all
that In the telephone situation, while am ong Its different elements
were m any companies that had fully completed their equipment and St. No interest w ill accrue in respect of any such certificate
were on a paying basis, there were others that needed material assist­ fter Jan. 1, 1902. The company’s capital stock thus becomes
ance. They also found that In so fa r as the personal affairs of the $155,000,000, all of onu class.—V. 73, p. 1357.
members of the syndicate were conoerned their equities were, in their
opinion, largely In excess of their liabilities, and that, In their ju d g ­
Ozark & Cherokee Central Ry .—Details o f Mortgage.—
ment, all of the personal creditors could be paid without doubt from The mortgage to the Illinois Trust & Savings Bank of Chi­
the assets, and several hundred thousand dollars put iutothe complet­
ing of the properties. They found that there w ere In Cleveland up- cago, as trustee, is made to secure $2,000,000 forty-year 4 per
cent gold bonds, maturing Oct. 1, 1941, but subject to call at
ward of thirty banks that were their creditors, and that these banks
held the choicest of the securities and the most equities.
the option of the company at 105 on any interest date after
Messrs. Everett and Moore Btated that they were w illing to turn all
10 years. Of the bonds, $230,000, together with an equal
of their matters and properties over to a committee, w ith the belief
that, when their properties were developed and creditors paid there amount of the $2,000,000 stock, is now outstanding.—V. 73,
would be a substantial amount to return to them. The personnel of p. 1264,
the committee Is as follows: it. R. Newoom b, Myron T. Herrlok, J. J.
Pennsylvania Company.—Stock.—The company on Dec.
Sullivan, Oalvery Morris, Eaufnnan H ays, E. G. Tillotson and W . O.
Mather. These gentlemen were selected, not especially on account of 5, 1901, increased its capital stock from $21,000,000 to $10,000,any interest directly Involved, but because of their w ell-know n ability 000. The entire stock as so increased is owned by the Pennsyl­
and Integrity.
The Pennsylvania Company last week de­
A t the meeting more than five-sixths of all of the Cleveland indebt­ vania RR. Co.
edness was represented. Those present expressed thomselves u n a n i­ clared a dividend of 3 percent, payable Dec. 30, on the $21,mously In favor of recommending to their Institutions tnat they 000,000 stock outstanding on Dec. 2. Comptroller Renner
extend the Indebtedness of the syndicate » d < its allied Interests for a
1
confirms the above facts but is unable to say anything at
period of not exceeding eighteen months, conditioned upon the com
m It tee named having entire charge of all of the affairs oonneoted present as to the report that the increase in capital was made
with the syndicate and Its various Interests. Papers looking toward
in order to acquire from the Pennsylvania RR. Co. its hold­
such extension and the em powering of the committee to act have
ings of stocks in such Western lines as the Pittsb. Cincinnati
been drawn, and they have been executed by the members of tile
Everett-M oore syndicate, .and are now being executed by the Cleve­ Chicago & St. Louis, St. Louis Vandalia & Terre Haute, etc.
land banks as rapidly as p ossible.
—V. 73, p. 1357.

THE

12

CHRONICLE

Pen n^ylvrtiiiit UK, Stock Owned,—See Pennsylvania Com­
pany above.—V, 78, p, 1857.
Pittsburg (P a .) Rail ways Co.—In Possession, - This company oa Jam 1 took over in the interest of the Philadelphia
company the operation of the various street railway proper­
ties of Pittsburg, Allegheny and vicinity, viz., the Consoli­
dated, United, Birmingham, Monongahela, Southern and
Suburban t;action companies and their auxiliary companies,
J, 1). Gallery is President; W. B. Carson, Secretary, and 0,
J. Braun, Treasurer,
St. Lawrence & Adirondack Ry.—Option to Subscribe,—
The stockholders of record Jan, 8 axe entitled to subscribe at
par on or before Jan. 10, pro rata, to 8,150 shares of additional
stock, which will be ready for delivery Jan, 15.—V. 78,
p. 1161.
Savannah (Oa.) Electric Co.—Incorporated —This com­
pany was incorporated at Atlanta, Qa,, on Dec. 27, with
$8,500,000 of authorized capital stock, to consolidate the
street railway and electric lighting companies of Savannah.—
See plan in V, 78, p. 1358,
Texas & Pad 1 c Ry. -Earnings. —For 10 months ending
1
Oct. 81, 1901 :
10 mos. Oromi.
1901......$9,169,281

Net,

$2,783,751

Other income, Charges,

$289,965

$2,215,612

B a h , su r.

$858,554

The amount to credit of income account Jan, 1, 1901, was
$2,662,982; deducting interest on income bonds paid Haroh 1,
1901 (4 per cent) $929,520, and adding surplus for ten months
as above, $858,554 leaves a balance to credit of income ac­
count Oct. 31, 1901, of $2,592,016.—V. 78, p, 1358,723.
Toledo Railways & Light Co.—See Detroit United Ry.
above.—V 78, p. 614.
Ulster & Delaware RR.—Consolidation,—This company has
absorbed by consolidation the Ulster < Delaware, Delaware
fc
& Otsego, Stony Clove, Catskill Mountain, Hobart Branch and
Kaaterskill RR. The authorized capital stock is $3,000,000
in shares of $100 each.—V. 72, p. 628,
INDUSTRIAL. WAS AND MISCELLANEOUS.
Amalgamated Copper Co.—Price of Copper Again Reduced
—The company’s selling agency, the United Metals Selling
Co.,yesterday reduced the price of lake copper from 18 to 12?^
cents per pound, contrasting with 17 cents prior to Dec. 17,
1901, when the first cut was made.
Dividend Reduction,—See Parrott Silver & Copper Co,
below.—Y, 78, p. 1358.
American Car & Foundry Co.—Earnings.—In connection
with, the regular dividend payments announced this week,
the company submits the following statement showing the
net earnings and the disposition of the same for the seven
months ending Nov. 30, 1901:
T o t a l su rp lu s A p r il 3 0 ,1 9 0 1 ,as p e r secon d an n u a l r e p o r t . .$ 5 ,0 7 4,95 0
N e t e a rn in g s f o r s e v e n m on th s e n d in g N o v . 30, 1 9 0 1 ........... 2,025,475
T o t a l . . . . . . . . . ................................................ . . . . . . . . . . . . . . . . $ 7 , 1 0 0 , 4 2 5

Deduct quarterly dividends o f A ug. 1 and Nov, 1 ,1 9 0 1 ,
and Fee. l , 1 9 0 2 :

P r e fe r r e d stock, each 1% p. o ............................ ....... (5 t i p, e .)$ l,5 7 5 ,0 0 0
C om m on stock , each on e-h a lf p, o. ($ 1 5 0 ,Q O O ) . . . . . ! ! ^ p. c.)
450,000
B a la n c e N o v . 3 0 ,1 9 0 1 , a ft e r d e d u c tin g 9 m on th s’ d i v s . . $5,075,425

The net earnings for the three months ending Nov. 30,
1901, were $938,611, against $544,484 in 1900,—V. 73, p. 1266.
American District Telegraph Co, (New York City}.—
Proxies Asked.—A circular has been sent out asking for
proxies to be voted at the annual meeting on Jan. 23 for “ a
more active management” to replace the Western Union
men now in control. Horace L. Hotchkiss & Co, and others
sign the circular.—Y, 73, p, 901.
American Telephone & Telegraph Co.—Erie Plan,—See
below and V, 73, p. 1359,
Bonds,—It is reported in Boston that Kidder, Peabody &
Co. have purchased $10,000,000 of the American company’s 4
per cent bonds.—V, 78, p. 1266,
Asphalt Co. of America.—Receiver—See National Asphalt
Co. below.—V, 73, p. 1063,
Auburn (N. Y.) Bag Co.—Bonds Offered,—N. W. Halsey &
Co. and Thompson, Tenney & Crawford, both of this city,
are offering at 103)^ and interest, by advertisement on an­
other page, $300,000 first mortgage sinking fund gold fives,
dated Jan, 1, 19o2, due Jan. 1, 1927. The remaining $100,000
of the bonds authorized can be issued only for tuture im­
provements and extensions under strict provisions.
The
bonds are not subject to call. The New York Security &
Trust Co. is mortgage trustee.—V. 73, p, 1815,
Calumet & Heela Mining Co.—Dividend,—A dividend of
40 per cent ($10 a share) was declared this week, payable
Jan. 20, contrasting with 60 per. cent each in April, July
and October, 1901. For the fiscal years ended April 30 the
total dividend rate was as below :
19OO-’ 01
1 8 9 9 *0 0
260%
320%
""“ V* 7 3, J)* 3 9 3«,

1898-’ 99
280%

1897-’ 98
160%

1 8 9 6 *9 7
120%

1 8 9 5 -T 6
100%

Consolidated Stone Co. of Indiana.—Guaranteed Bonds
Offered.—Granger Farwell & Co. of Chicago are offering by
advertisement on another page, on a basis to yield A% per
cent, $100,000 of this company’s first mortgage 6 per cent
gold bonds, due May 1, 1921, guaranteed, both as to principal
and interest, unconditionally, by the Chicago Indianapolis &
Louisville Ry, Co., American Trust & Savings Bank, Chi
cago, trustee. The company has the privilege of retiring

[V o l , LXX1V,

these bonds in series of twenty five each year after Jan, 1,
1903, up to and including Jan. 1, 1907. The net earnings of
the property for the year ending D?c, 3lst, we are informed,
were over $63,000, while the surplus of the guaranteeing
company from the operations for the fiscal year ending June
80, 1901, after meeting all fixed charges, was $652,778,
Cuyahoga Telephone Co.—See Detroit United Ry. under
“ Railroads” above,—V, 72, p. 629.
Erie Telegraph & Telephone Go.—Plan.—The circulars
regarding the proposed reorganization are published in full
in our advertising columns, confirming the details which we
gave last week. It is expected that the dividends upon the
new preferred shares will be at the rate of
per cent per
annum prior to the date (in 1994) on which they become
cumulative at the rate of 6 per cent per annum, Assenting
security holders should deposit their holdings with the
National Sbawmut Bank, 60 Congress Street, Boston, on or
before Jan, 8, The committees representing the several
issues (large amounts of which have already approved the
plan) a re:
S tock .—J a m es P . S tearn s, C h airm an , P r e s id e n t o f N a tio n a l Shaw m u t B ank, B o sto n ; S. R . A n th o n y o f T u c k e r, A n th o n y & C o., B o s t o n }
P ran k B. B e m ls o f Beta b rook , < O o „ B o s to n ; G e o r g e R. R ic h a r d s o n ,
k
L o w e l l ; R ic h a r d M , S a lto n s ta ll, B oston .
B on d s due l a 1909 and 1920,— N . P . H a llo w e ll, C h a irm a n . F r e d ­
e ric B, 8 n ow , C h a rles H e r b e r t W a tso n .
B o n d s du e in 1928 and 1929.—S am u el C a rr, C h airm an . W ilin o t R .
E va n s, F re d e ric k A . F a r r a r (o f H . W . P o o r & Co.)

Former President Charles J. G-lidden says ;
1 f u l l y en d o rse th e p lan . T h e re o r g a n iz a tio n la a b s o lu te ly n e c e s s a ry
in o r d e r to p r o v id e fu n ds to liq u id a te th e flo a tin g In d eb te d n e ss o f th e
system ($9,000,000) and to p r o v id e ($6,000,000) oash f o r the n ee d ed
fu tu re e xten sio n s. E r ie ’s flo a tin g d e b t re p res en ts th e e x p e n d itu r e *
f o r n e w c o n s tru ctio n d u rin g th e y e a rs 1800 an d 1901. H a d th e s to c k ­
h olders ta k e n th e n e w s to ck o ffe red t o th em In J a n u a ry , 1901, c o n ­
stru ction e xp en ses fo r lsOO w o u ld h a v e b e e n p aid and th e n e c e s s ity f o r
th e te m p o r a ry loan s a v o id e d . W h en th is m o n e y is e x p e n d e d th e e a rn ­
in g s o f th e n e w c o m p a n y w ill he la r g e ly in crea se d , and I b e lie v e th a t
e v e r y E r ie s to c k h o ld e r w h o a ccep ts th e p lan and rem a in s in p ossession
o f his sto ck w i l l h a v e e v e r y re a s o n t o h e p lea se d w it h th e o u tco m e .
— V . 73, p. 1359.

Gas & Electric Co. of Bergen County, N. J.—Deposit o f
Stock,—A stockholders’ committee, of which Edwm Gould
is Chairman, calls for the deposit of the company’s shares
with the Bowling Green Trust Co. on or before Feb. 1, 1902,
with a view to a readjustment or a sale or lease of the
property. See advertisement on page x.-— 78, p. 680,
V.
Keystone Telephone Co. of Philadelphia—la Operation,
—The company’s plant was put in partial operation on Jan,
National Asphalt Co.—Receivers—D efault—The United
States Circuit Court of the District of New Jersey, on Dec.
28, upon application of the Land Title & Trust Co., as trustee
of the collateral trust mortgage of the Asphalt Co, of
America, and the Harrity committee, representing a majority
of the stock and bonds of the National Asphalt Co,, ap­
pointed as receivers of both companies Henry Tatnall, the
President of the Franklin National Bank of Pniladelphia,
John M. Mack, the Vice-President of both companies, and
John F. Shanley of Newark, N. J.
Default,—The interest due Jan. 1 on the $6,000,000 bonds
of the National Asphalt Co. remains unpaid; so also do the
sinking fund payments due Jan. 1, viz.: Asphalt Co. of
America, $300,000 (V. 71, p. 700), and National Asphalt Co.,
$50,000; total interest and sinking fund, $500,(00. A t the
organization of the National Company in May, 1900, a special
$6,000,000 fund was established for the benefit of the Asphalt
Co, of America. One-half of this fund consisted of notes of
the constituent companies to whom $3,000,000 was loaned as
working capital; $2,000,000 was in the form of securities,
chiefly, it is understood, $1,399,000 stock of the Consolidated
Asphalt Co. (see V. 71. p, 700 and Y, 70, p. 993) and $1,000,000 consisted of cash. This cash was all withdrawn from the
trustee, as permitted by the trust agreement, to provide for
interest payments during 1901, and has not been repaid, as it
was stipuiated.it should be, within one year.—V, 73, p,1816,
Park Row ButMing.—B o n d s O ffe re d .— August Belmont
& Co. offer at 102% and accrued interest by advertisement
on another page the first mortgage 4 per cent 20-year gold
bonds of the Park Row Realty Co. The issue amounts to
$2,500,000. the U. B. Mortgage & Trust Co, being mortgage
trustee. The bonds are st cured by a first mortgage upon the
lands and the buildings, with all improvements and fixed
equipments, located at Nos. 13, 15,17, 19 and 21 Park Row
and No. 13 Ann Street, known as the Park Row Building,
Besides the issue of first mortgage bonds, this company
has issued and placed with interests prominently identified
with it $1,000,000 second mortgage bonds, the lien of which,
being subsidiary to the first mortgage, constitutes a farther
protection to the holders of the first mortgage bonds, The
company states the gross average rentals and privileges of
the building as $818,010; operating expenses, renewals, taxes,
insurance, etc., at $141,235, leaving a balance of $116,775 to
cover interest on both first mortgage and second mortgage
bonds, amounting to $140,000, It is estimated that the
operating expenses are susceptible of considerable reduction.
There still remains , also a part of the building to bo
rented at an eventual increase in the gross rentals of $31,000. The second mortgage bonds were issued for cash ex­
pended on the property and are held by the stockholders,
Subscription books will be opened at 10 A m . on Jan. 18, and
will close at 8 P, M on Jan. 14, or earlier. Y, 73, p, 779.
.
B T For ©titer I ittreatment New * see l*n*ie 5J

J anuary

THE OHRONICLE,

4, 1902.]

43

Utejrorls am i g o cu m ca la .
SO UT HER N PACIFIC C O M P A N Y .
SEVENTEENTH A N N U A L R E P O R T -F O R TH E Y E A R ENDED JU NE 00, 1901.
N ew Y o rk , November 12fcli 1901.
To the Stockholders:
The Board of Directors submit herewith their report of earnings and expenses, together with statements of the assets
and liabilities, of the Southern Pacific Company and Proprietary Companies for the fiscal year which ended June 80, 1901.
P R O P E R T IE S A N D M IL E A G E .

The transportation lines constituting the Southern Pacific System June 30, 1901, were as follows :
M a in
T ru ck .

D iv is io n s .

Second
T ra ck .

S id in g s .

F e r r ie s .

R iv e r a n d
O ce a n
L in e s .

I .—J ile a g e o f liv e s b e lo n g in g to C o m p a n ie s whose c a p it a l s lo ck s w ere p n n c i p a l l y ow ned
M
by the S o u th e r n P a c i f i c C o m p a n y :

(a )—Operated by the Southern Paciflo Com pany under leases to It:
M organ’* Louisiana A: T ayiir Railroad and Rtpiamahin L i n o ...........................
?
Southern Paciflo R R . of N e w M exico— ..........................................................

Hon tral Paoiflo R y ........................................................... .............. ..... ...............
(b)—Operated by Companies ow ning the lines:

HAntral Tpnrafl North weatom R y ............................ .........................................
Fort W orth & N o w Orleans R y ..................................- ........................................

323 770
140-670
167-450
392 900
*2,712-837
101096
1,369’300
671 710
373-950
917-000
66-260
190-690
39 050
122-410
507 750
107-860
12-570
41-970

35-870

47-069
8-517
11-923
3-890

15416
35-83
28 35
64-21
706-57
42-87
433-50
93-34

1 00

3,176

3 0<
3 01
3-61

315

101-14
170-24
7 79
27 97
3-10
11-83
132-03
13-66
3-40
8-14
1,800

299-620
11.—M ile a g e o f lin e s b e lo n g in g to O o m v a n ie s w hose’c a p it a l s to ck s w ere p r i n c i p a l l y ow ned
by the M o r g a n ’s L o u i s ia n a < Texa s R a ilr o a d , < S te a m s h ip G o., b u t w h ic h w ere
&
£
o p e ra te d by C o m p a n ie s o w n in g th e lin e s :

G u lf W estern T exas & Pacific R y ........................................................................
T otal M ileage of Proprietary L in e s . . ... ........ .......................................

2 2 ’47

16130

2-63

lli - 2 0 0
8,666 183

16-40
2,079 63

75
10V269

10*09!

6,365

10 69
10-69

5,365
3,565

I l l —M ile a g e o f lin e s b e lo n g in g to C o m p a n ie s w hose c a p it a l stocks w ere o w n ed o th e rw is e
th a n by th e S o u th e r n P a c if ic C o m p a n y , b u t w h ic h w ere o p e ra te d by the S o u th e r n
P a c i f i c O o m p a n y , u n d e r leases:

Sonora R a ilw a y ............................................. . — ...............................................
T otal m ileage o f Leased L in e s.................................... ............................

88-100
262,597
350,697

Total m ileage June SO, 1901...................................................................
Total mileage June 30,1900..__ __________ ____________ ______________ _____

9,016-880
8,206-745

107-269
96-925

2,104 58
1,784-41

_
Inorease________________________ __________. . . . _ __________________________

810-135

10-344

320T2

7-86
17-04
i>4-»0

1,800

* Includes Southern Pacific RR. Co. (of California) lines from Mojave, Cal., to The Needles, 242-507 miles, wnlclx Is leased to tlie
Atchison Topeka < S an :a Fe R ailw ay Co. until September 1, 1979, for an annual rental of $218,133 00, C . 8. gold coin.
fc
J

The details of the mileage of the railroads owned or leased, and of the ferries and water routes, are shown on Table
No. 1 in the Controller’s report.
The properties and mileage reported under this head include this year the property and mileage of the Houston &
Texas Central Railroad Company, the Austin & Northwestern Railroad Company, the Central Texas & Northwestern
Railway Company and the Fort W orth & New Orleans Railway Company, aggregating 670-15 miles of main track and
157'23 miles of sidings ; also the property of the Cromwell Steamship Company, operating a line of steamers between New
York and New Orleans. The purchase of the capital stocks of said companies was included in the expenditures for capital
account (Table No. 7) in the last annual report. The mileage, earnings and expenses, assets and liabilities, and other
transactions of said companies were not, however, until this year, included with the operations of other proprietary
companies of the Southern Pacific Company.
There was added since last report, by the construction of new lines, 140-365 miles of main track to the existing lines,
as follow s:
New York Texas <t Mexican Railway.—The road under construction, referred to in the last annual report, was com­
pleted fromWharton to Van Vleck, a distance of 3141 miles, and opened for business in September, 1900.
Oregon & California Railroad.—An extension from Mohawk Junction to Wendling, 15'95 miles in length, was opened
for business in January, 1901.
Southern Pacific Railroad f o f C a liforn ia ).—On the Coast division the gap between San Miguel and Elwood (17-888
miles) was finished and the completed line opened for business in March, 1901. The Montalvo branch was extended from
Strathearn to the west end of Simi Tunnel, a distance of 9-00 miles. Extensions were built into the oil districts in
Southern California, as follows : Oil Junction to Oil City, 6’378 miles ; from Treadwell Junction northwardly, 2‘474 miles,
and McKittrick to Olig, 1*957 miles. Extensions were also built from Anaheim to Loara Junction, 2’588 miles, and from
Fair Oaks Junction to Fair Oaks Bridge, 2-140 miles. Total additions during the year, 42-425 miles.
'lexas & New Orleans Railroad.—The extensions of the Dallas division were completed within the time required under
the Act of the Legislature of Texas. On May 20, 1901, the line from Athens southwardly to Fran k for P" 25-13 miles, and
the line from Rockland northwardly, 25-45 miles, were opened for business.
Pacific M ail Steamship Company.—It was deemed important that the Company should control a steamship line,
running in connection with its rail line, from San Francisco to the Hawaiian and Philippine Islands, China, Japan and
other Asiatic ports. It was thought best to acquire an interest in a line having already well-established connections, and
the Company, in December, 1909, acquired 100, L00 shares, of the par value of $100-00 each, of the Pacific Mail Steamship
Company, out of 200,000 outstanding shares.
The total additions to the operated mileage of the Company’s system since last report were 810-185 miles of new lines
taken over and built (after deducting '304 miles net decrease from changes in locations of lines), 10-344 miles of second
track and 320-12 miles of sidings.
Excluding the Mojave division, leased to the Atchison Topeka & Santa Fe Railway Company, the operated mileage of
the Company’s system on .June 80,1901, comprised 8,428-670 miles of “ Proprietary ” and 350-097 miles of “ Non-Proprietary ”
lines. The average number of miles of road operated for the year was 8,654-97 miles.
IN C O M E F O R T H E Y E A R .

The gross receipts and disbursements of the Southern Pacific Company in respect to its leased lines, and of Proprie­
tary Companies in respect of lines not leased, and the other receipts and disbursements of the Southern Pacific Company
and of all Proprietary Companies, were as follows:

THE CHRONICLE.

44

(V o l . LXXIV,

Tea r ending
Year ending
Jw n« S , lDul
O
June'Ac, IfWi)
ftucludm y Ito uston (excl uding Ho ast on
A Texas Central
A Teams Central
ililt and lines in
H R , am i t h u s in
Texas s ahsidiaro
Texas s alm<TUtt ' y
thereto),
tli&reto).

A v e ra g e miles of rail lines operated— Proprietary and non proprietary.__ ____
R e c e ip t s .
Gross receipts from operations of proprietary and non proprietary lines and
m iscellaneous m o * iota of proprietary co m pan ies:
Transportation receipts.... .... ................... ................ ..... ...................... ....
Trackage and other ren ta ls...... ................... . ____ _________ ______________
Income from sinking funds pledged for redemption of bo n d s.......... ......„
Income from investments .7 .......... ............... ................... ................ ....... . .. .
income from lands and securities not pledged for redemption of bonds . . . . . .
Interest on open accounts........... ................ ................. ..................... .............
Miscellaneous receipts_______ . . . . . . . . . . ................................. .......... ..............
G ross receipts from Southern Pacifio Com pany from sources other than from
the operations of leased lin e s .............................................. .........................
T otal receipts......................................... .............................................. .
D is b u k s e m e n t s .
For account of the operations of proprietary and non-proprietary lines and
miscellaneous expenses of proprietary companies:
O perating expenses____ . . . . ................... ............... _________ _____. . . ____. . . .
T a x e s ... 7................................. ......... .................... .............................................
Trackage and other rentals............................... ....................................... .........
Interest on funded debt______ _________________ ____________ . . . . . . ______. . . . . . .
Interest • n C. P. RR. Co notes to U . S. of Am erica ................................ .
Interest oh open a c c o u n ts..................................... .................... ....................
Lan d departm ent e x p e n s e s ..................................................... .
T axes on granted la n d s .... ............ .......... .................... ............................
Miscellaneous exp en ses...........
...... ...... ............... . . . .............................
Sinking fund contribution and income from sinking fund investments pledged
for redemption of bo n ds................................................. .................
E xp en d ed lo r betterments and additions to proprietarv lin e s ......................_.
Expended for new equipment for proprietary lines
........... ........... ........
Expended for betterments and additions, non-proprietary lin es....................
Proportion of cost of new equipm ent to be delivered before Deo. 31,1901,
chargeable to this year’s operations................. .......... ...................... .
Dividend paid on O. P. Ry. Co.’s preferred stock.................... .
....
.
Central Pacific RR. Go........................................................................
Other charges against Southern Pacific Co., v iz,:.......... .................................. .
interest on funded debt o f Southern Pacific Co................ ..............................
Sinking fund contributions...........................................
Insurance, taxes and all other accounts except for deficits in operations of
leased line .. . , ...................... ........... ....... ....................
Discount on Southern Pacific Co. 4 ^ per cent b o n d s .... . .............................
Advances to San A ntonio & A ransas P ass Ry. C o ......................
Total d is b u rs e m e n ts .............. .................................................. ...........
Surplus over all disbursem ents...... ............ .................................... .

. .

8,654*97

$77,244,898 18
519,04 4 93
,
416,057 48
92,364 90
529,352 42
63?,134 50
5,462 06

7,545*17

$83,920,414
480,811
652,645
141,838
340,692
432,874
12,162

22
48
89
56
92
74
36

1,663,357 74

$68,128,140 06

$49,098,026
l,7e0,986
1,828,666
12,795,430
1,275,208
479,7 73
76,762
105,749
46,618

84
98
67
63
97
95
81
24
72

$41,408,800
1,673,656
1,225,023
11,616,257
1,409,712
315,534
88,148
115,458
82,841

856,057
*2,94 0,593
3,016,215
66,340

48
65
72
27

06
37
28
89
72
21
98
27
57

2,013,745 83
1,002,945 14
47,305 13

•Decrease,

Increase,

1,109*80

$13,324/183 96
38,733 45
$236,588 41
49,473 66
188,659 50
204,759 76
6,690 30

......

2,147,709 89

$81,107,672 21

D u rin g the year ending
Jun e 30, 1001.

$7,689,226
107,330
103,543
1,179,172

78
61
29
74
$134,503 75

164,239 74
11,386 17
9,709 03
36,222 85
856,057
926,847
2,013,270
19,035

48
82
5IS
IV

847,800 00

847,800 00

240,000 00
292,998 42

240,000 00
292,998 42
1,629,809 9E
75,000 00
601,560 44
165,000 (0
465,609 29

484,352 15

$12,979,532 15

1,200,242 27

429,567 72
75,000 06

844,826 92 ..............................
165,000 00
632,012 25

$77,651,111 55

$64,209,609 31

ttj

243,286 48
166,402 96

$13,441,602 24

$^,yl»,6j>U 76

$402,0 40 09

* Includes $474,424 03 expended on Central Pacific K ailw ay In reconstruction o f lines aud other betterments and additions contemplated
under Central P acific R fi. Co Plan of Readjustm ent o f February 8, 1899.

The details of the receipts and disbursements of the Gila Valley Globe & Northern Railway and San Antonio &
Aransas Pass Railway companies, whose bonds are guaranteed by the Southern Pacific Company, but whose receipts
and disbursements are not included in the statement of “ Income for the Year” (except the advance of $465,609 29
to the San Antonio & Aransas Pass Railway Company). are shown in Table 20 of Pamphlet. Expenditures for better­
ments and additions to and for new equipment for Proprietary lines, amounting to $5,956,809 37, and two months’
proportion of new equipment to be delivered before December 31, 1901, amounting to $847,800 00, have been charged
against “ Income” by the respective companies, and $66,340 27 expended for betterments and additions to Non-Proprietary
lines has been charged against the “ Income” of the Southern Pacific Company.
The charges against the income for the year include $634,114 90 advanced by the Southern Pacific Company to the
Oregon & California Railroad Company, and $465,609 29 to the San Antonio & Aransas Pass Railway Company for opera­
tions, betterments and additions, retirement of equipment trust notes and other purposes, but said amounts still remain
due from said companies to the Southern Pacific Company.
The receipts and disbursements of the Houston & Texas Central Railroad and lines subsidiary thereto are not in ­
cluded in the income account for the year ending June 30, 1900, in the statement given above. The following table
snows a comparison between the results derived from the properties operated in the year ending June 30, 1901, and the
results derived from the same properties in the preceding year (including in both cases the Houston & Texas Central and
subsidiary lines), v iz .:
In c r e a s e .

A verag e miles of ra il lines operated ............ , ............. ........ ........... ........ . ............ * ..................... .................................
439 65
R e c e ip t s .
Gross transportation receipts___ ............... ................................... ................ .................... ......................................... ..$8,555,080 49
Other receipts applicable tow ard expenses of o p e r a t io n ................. ........... ................................. ............................
362,981 24
Income from sinking Innds pledged fo r redem ption of b o n d s .......................... .................................. ...................... .
........
Receipts from Southern Pacific Co. in excess of miscellaneous expenses other than interest on funded debt of
Southern Pacific C o m p an y.................. .............. ........ .......................................... ........... .......... ............................
...........

D e cre a s e .

$236,588 41
314,682 71

T o t a l ............................................. ......................................................... ................................................................ ......................... ..$ 3 ,3 6 6 ,7 4 0 61

D is b u r s e m e n t s
O p e r a t in g e x p e n s e s a n d t a x e s .................................................................................... .................................... ................................... $ 4 ,1 4 3 ,8 1 6 82
R e n t a ls a n d in te r e s t - o n fu n d e d d e b t, in c lu d in g in t e r e s t o n fu n d e d d e b t o f S o u th e rn P a c i fi c C o .................. ................
6 2 7 ,3 3 9 94
I n t e r e s t o n o p e n a c c o u n ts , e x p e n s e s o f la n d d e p a r t m e n t , t a x e s o n g r a n t e d la n d s a n d m is c e lla n e o u s e x p e n s e s ........
S in k in g fu n d c o n t r ib u tio n s a n d in c o m e f r o m s in k in g f o n d in v e s t m e n t s p le d g e d f o r r e d e m p t io n o f b o n d s ................
.........
B e tt e r m e n ts a n d a d d itio n s ..................................................................... ................ ....................... ........................... ........... ........ . . . . 3 ,4 9 4 ,8 1 3 34
D iv id e n d o n C e n t r a l P a c ifio R a i l w a y C o. p r e f e r r e d s t o c k . . . . ......................................................................................................
.............

T otal
Surplus o v e r a ll disb u rsm en ts........................................................... ................. .............. ...........................................

$211,544191
136,588 41

► ;<
a

240,000.00

$7,677,836 78
$688,903 83

Average miles of rail lines operated increased 5'35 per cent. Gross transportation receipts increased IS--1 per cent.
8
Operating expenses and taxes increased 8'91 per cent.
The decrease in “ Income from sinking funds pledged for the redemption of bonds” resulted from the transfer (on
account of the satisfaction of the old Central Pacific San Joaquin Valley Mortgage) of securities held in Sinking Funds Nos. 6
and 9 of the Central Pacific Railroad Company to the United States Trust Company of New York, Trustee of the Central
Pacific Railway Company 3% per cent Mortgage Gold Bonds, and the subsequent application of the accrued income from
the transferred securities to the purchase and cancellation of the Central Pacific
per cent bonds.
Interest on the funded debt of the Proprietary Companies, including the Houston & Texas Central Railroad Company
and lines in Texas subsidiary thereto (after allowing for the dimunition of interest on the 8 per cent notes of the Central
Pacific Railroad Company to the United States of Am erica), increased $173 786 49, and interest on the funded debt o f the
Southern Pacific Company increased $429,567 72, a total increase of $603,851 24, subject to a deduction of $437,588 78 in ­
come from securities and lands pledged for the redemption of Central Pacifio Railway Company 8)7' per cent bonds,
which under the mortgage is primarily to be applied to the payment of interest on said bonds
The increase in trackage and other rentals arises principally from rental paid by the Morgan’s Louisiana A Texas
Railroad & Steamship Company to the Southern Pacific Company for the use of ocean steamers running in the New York
& New Orleans liDe for the full year.
The receipts and expenditures of the Southern Pacifio Company are shown in detail on Table No. 8 of pamphlet
The earnings and expenses of the Pacific Mail Steamship Company and of the Gila Valley Globe A Northern Ky. Co,
have not been taken into the income for the year, nor are their earnings, expenses, assets or liabilities included in any
statements in respect of the operations and transactions of the Proprietary Companies. Statements showing the receipts

Ja nu ar y

THE CH&OJSICLK.

4, 1902.)

45

and disbursements and assets and lia b ilities o f tbo Paolfic M ail Steam ship C om pany w ill be found in Tables Nos. 30, :il
and 33 o f pam phlet, and o f the G ila V a lle y G lobe Sc N orthern Ry. Co. in Tables Nos. 34, 35 and 36 o f pam phlet.
,

C A P IT A L STOCK.

Th e capital stock o f the Southern P a cific Com pany outstanding at the b eg in n in g o f the yea r am ounted to
$197,832,148 40. This was increased du ring the year by $15,(540 00 issued against stock o f the Southern P a cific Railroad
Com pany (o f C aliforn ia) purchased by the Southern P a cific Com pany (and paid fo r by the issue o f its ow n stock), and
deposited w ith the U nion Trust Company, m aking the total outstanding stock o f the Southern Pacific Com pany at the
close o f the year $197,847,788 40.
The aggregate o f the stocks o f the Proprietary Companies outstanding at the b egin n in g o f the year am ounted to
$291,273,572 00. The a ggrega te of the capital stocks o f companies acquired du rin g the, year am ounts to $12,516,000 00.
T h ere was issued during the j ear, fo r account o f n ew lines built, stock am ounting to $185,000 00, m aking tota l Stock o f
P rop rietary Companies outstanding at the close o f the year $3( 3,924,572 00. O f the total outstanding stock, $291,5M 215 00
3
is owned by the Southern P a cific Com pany and $845,OoO 00 b y the M organ’s Lou isiana & Texas Railroad Sc Steam ship
Company, a Prop rietary Com pany o f the Southern P a cific Company.
The stocks ow ned by the Southern P a c ific Com pany and deposited w ith the U nion Tru st Com pany o f N e w Y o rk
against capital stock issues o f the Southern Pacific Com pany, and the stocks and bonds deposited w ith the Trustees o f the
Southern P a cific Com pany’s Four P e r Cent Gold M ortgage (C en tral P a cific stock collatera l) and Four and O ne-half P e r
Cent 2-5-Year Gold M ortgage are shown in d etail in T able No. 5.
FUNDED AND O TH ER F IX E D INTEREST B E A R IN G DEBT.

Th ere w ere outstanding at the begin n in g o f the yea r :
Bonds of the Southern Paoiflo Company to the amount o f...........................................................................................................
Fancied debt of Proprietary Companies (inolnding $6,354,000 00 Inoome Bonds) to the amount o f ............$241,543,484 73

Equipment trust obligations..................................... ................................................................................. .......

84,584 93

Three per cent notes of Central Paoiflo RR. Co. in favor of the United States of America.............................

$31,176,500 00

44,109,5o6 70

Total Southern Paoiflo Company and Proprietary Companies............................................................. ...........
Funded debt of Houston & Texas Central Railroad Co., Austin < Northwestern Railroad Co., Central
&
Texas & Northwestern Railway Co. and Fort Worth & New Orleans Railway Co., outstanding July 1,
1900. viz :
Mortgage B on ds........... ........... ............................. ............................. ............ ..................... ............ .
Debenture Bonds....................... ................... ...... ....................... ...................................... ........................ .

288,737,606 36
$310,914,106 36

17,276,000 00
57,000 00

17,333,000 00
$337,247,106 36

Total..........................................

There w ere issued du rin g the yea r :
Southern Paoiflo Company 2-5-Year 413 Per Cent Gold B onds........................................................................
Central Paoiflo Railway Co Bonds as rollows:
$389,500 00. face value. First Refunding Mortgage 4 Per Cent and $67,000 00, faoe value, 3*2 Per Cent
Mortgage Bonds, in exchange for $413,000 00, faoe value, old Central Paoiflo Railroad Co. bonds
deposited ....... ............ ...........................................................-...............................................................
$2,9 41,060 00, face value, First Refunding Mortgage 4 Per Cent Bonds (released on payment o f note to
United States of America, due February.1,1902)....................................... ............................................

15,000,000 00

$456,500 00
2,941,000 00

3,397,500 00

Issued against acquisition and construction o f railroads and other properties, v i z . :
Houston & Texa- Central Railroad Co. First Mortgage, Waoo & Northwestern Division, 6 Per Cent Bonds..
Oregon & California RR Co First Mortgage 5 Per Cent Bonds .. ....................................... .....................
Southern Paoiflo RR. Co. (of California) First Oonsolida ed Mortgage Bonds................................................
Texas & New Orleans RR. Co., Dallas Division, First Mortgage 4 Per Cent Bonds............................ ...........

$1,105,000 00
375,000 00
1,38 1
,000 00
1,470,000 00

4,331.000 00
$359,975,606 36

A n d th e re w e r e r e tir e d d u rin g th e y e a r :
Southern Paoiflo Company 6 Per Cent Steamship Bonds purchased and canceled...............
Central Pacific Railway Co. Bonds purchased and canceled, viz.:
First Refunding Mortgage 4 Per Cent Bonds........................................................................
Three and One-half Per CeDt Mortgage Gold Bonds ...........................................................
Old Central Paoiflo RR. Co. Bonds deposited with Trustees............. ...................................
"^ 1
Note of Central Paoiflo RR. Co. in favor of the United States of America, due Feb. 1,1902
Also credited on principal of note due Aag. 1, 1902............. .............................................
-

J

$72,000 00
$24,000 00
1,173,000 00
413,000 00

1,610,000 00

$2,940,635 78
1,363.4 <2 43

4,307,078 21

e

Galveston Houston & Northern Ry. Co. Equipment Trust Notes paid o f f .......... ................
Houston East & West Texa< Ry. Co. Equipment Trust -etss pail o f f ..............................
Houston & Texas Central RR. Co. Bonds purchased and canceled:
First Mortgage 5 Per Cent
........................................................... ................... ...............
Consolidated Mortgage 6 Per Cent.......................................... .............................................
Oregon & California R R Co First Mortgage 5 Per Cent Bonds purchased and canceled___
Texas & New Orleans RR. Co. First Mortgage Main Line 7 Per Gent Bonds purchased and
canceled................ .................................................................... ......................................
Payment to the.State of Texas for aocount of School Fund Debt......... ...............................
Total funded and fixed Interest-bearing debt, Southern Paoiflo Company and Proprietary
,j(iiCompanies, Jane 30, 1901 (including $6,354,000 00 Inoome Bonds)..........................
ASSETS AND L IA B IL IT IE S .

14,408 99
41,000 00
$319,000 00
186,000 00

505.000 00
104.000 00
253,000 00
7,089 79

6,913,576 99
$353,062,029 37

Th e details o f the assets and lia b ilitie s o f the Southern P a cific Com pany are shown on T able N o. 10, and those o f th e
P rop rietary Cempauies on Tables Nos. 13 and 14 The value o f the land grants rem a in in g unsold at the close o f the yea r
belon gin g *o the Central P a cific R y. Co., the O regon & C aliforn ia R R Co , the Southern P a cific R ailroa d Co. (o f C a lifo r­
nia) and the Texas & New Orleans RR. Co., are not included in such statem ents o f the assets o f said companies. The cash
proceeds, h ow ever, from the sale of the lands, the disposition made thereof, cash in hands o f trustees, and oth er transac­
tions in respect o f said lands, are shown on Tables Nos. 16 and 17 o f pam phlet.
SIN K IN G FUNDS.

The transactions fo r account o f the sin king funds o f the respective P rop rieta ry Com panies have am ounted to :
Income from investments collected and acoruing to June 30,1901................................................................... .......................... .
Income from annual requirements of mortgages.............................................................................................................................

$883,187 38
450,000 00

T o ta l................................................................................................................................................................................ $1,333,187 38
Deduct for interest collected on securities pledged for the redemption of Central Paoiflo Railway Co.’ s Three and One half Per
Cent Mortgage Bonds, to be applied primarily to the payment of the current interest on said bonds......................................
367,388 24
Balance.......................................................................... ..................................................................................... .........
Excess of proceeds of sales of securities held on deposit, under Central Paoiflo Railway Co.’s Three and One-half Per Cent
Mortgage above cost of same to Central Paoiflo RR. Co..................—................................... ....................................................

$965,799 14
58,426 66

Total applicable for redemption of bonds.................................................................................................... .................. $1,024,225 80
Amount to the credit of the respective sinking funds at the beginning of the year..................................................... ................. 14,537,874 19

___

i

___

Total.................................................. ................................................. ..........................................; .............. .................. $15,562,099 99
Less paid for $ <34,000 00, face value, Central Paoiflo Railway Co.’s Three and One-half Per Cent Mortgage Bonds
purchased and canceled.................................................. .................................................................... ................ $819,785 81
Paid for $24,600 00, face value, Central Paoiflo Railway Co.’ s First Refunding Mortgage 4 Per Cent Gold Bonds
canceled...................................................................................................................................................................
24,270 00
844,055 81
Balance June 30,1901, consisting of bonds purchased for Investment and cash on hand uninvested.........................$14,718,044 18

T h e sin king fund transactions o f each com pany and the securities held and cash on hand fo r account o f each fund
are shown in detail o f T able No. 15 o f pam phlet.
LAND

D EPARTM ENT.

T h e transactions o f the P ro p rieta ry Companies during the year in regard to proceeds from the sale o f lands pledged
for the redem ption of bonds am ounted to :
Number of acres of land sold............................................................................... ...................... ..................................... ......... .
380,162 00
Cash receipts from sales..................................................................................................................................................................... $283,985 16
Amount or sales made on time contracts......................................................................................................................................... 1,216)565 11
Total amount of sales for the year.......................................................... .............................. ........................................................ 1,500,550 27
Average price received per acre............................................................................................................................... .......................
3 95
I/»» d contracts outstanding Jone 30, 1901.......................................................................................................................
4,502,926 47
Face value of bonds pun based and canceled by Trustees from proceeds from the sales of land paid over to them....................
586,000 00

THE CHRONICLE

46

[V o l . LXX1V,

Then.- remained unsold at the close of the year 17,199,848 acres of land, of which about 5,487,316 acres are in litigation.
The transactions of each company and the disposition made of their cash receipts are shown in detail on Tables Nos.
16 and 17 of pamphlet.
E X P E N D IT U R E S FO R C A P IT A L ACCOUNT.

The expenditures charged to capital account (other than for stocks and bonds acquired in constituent companies and
cost of the stocks of the Houston & Texas Central RR. Co. and companies in Texas subsidiary thereto, and of the Crom­
well Steamship C o ., aggregating $84,893,031 09), were as follows:
Obstkal P acific Ra il w a y :
For

i t I* comoiives, 0 passenger and 300 (50-ton cap ) H. B. eoal oars, new rails, tie plates, buildings, reconstruction ot
line, ,n.i oilier improvements of roadbed ana structures, provided to r out of the improvement fund....... ....................... .$1,386,199 12

Holism* East a West T exas Ra ilw a y :

tff|

Extension to 8an Augustine.... .................................................................................................................................................
529 75
H ouston & T exas Cbnthal RR :
Cost ol Waco Division (Bremond to Ross)................... ......................... .......................... ............................................ ............ 1,252,295 87
L o u isian a W kstkbn RR.:
Extension Gueyaon to Abbeville and of Midland Branch................... .............................................................................. .
38,307 26
N ew Y oke : T exas A Mexican R a il w a y :
187,017 67
Extension from Wharton to Van Vleok....... .'................................................................. ............... ............................................ .
Okkg ON A OAi.itoa.NiA UR.:
Extension from Mohawk Junction to Wendllng..........................................................................................................................
237,010 34
Bouthehn P acific RR (OF Ca u f o b n ia );
New Hd6 and extension, aggregating 42,262 miles................. ......................................................................... ..$1,608,031 89
Completion of lines taken over in previous year............................... ...................................................................
20,353 73
Bay Shore line and terminal p ro p e rty ...... ............. ....................................... ............. ......... ......................
563,584 27
For 17 locomotives, 15 passenger and 429 (50-ton cap.) freight o a rs........... .................................................... . 726,546 00 2,918,515 89
T exas & N ew Orleans RR.:
-----------------Construction ot road from Rockland to Cedar.............................................................. .............................................................
972,704 49
T o t a l........... ................ - ............................................................. .....................................................................................$6,992,609 89
Less proceeds fiom property sold or taken over in account, miscellaneous oolleotions and adjustments
.................................... 1,811,707 45
Total charge to capital account (other than for stocks and bonds a c q u ire d ),..................... . .................................... ....................$5,180,902 44

which was provided for by the issue of new stock amounting to §135,000 00, new bonds amounting to §1,381,000 00, and
$1,593,053 94 was received from the Readjustment Managers of the Central Pacific RR. Co. for account o f the Im prove­
ment Fund. The remaining §3,071,848 50 was paid for out of earnings.
The details of all expenditures for capital account are shown in Table No. 7 of pamphlet.
B E T T E R M E N T S A N D A D D IT IO N S .

There was expended for betterments and additions, including new equipment, for account of Proprietary Companies
East of El Paso, §1,918,444 04, and for account o f Proprietary Companies west of El Paso, $4,886,165 33, a total of
$6,804,609 37.
The details of these expenditures are shown on Table No. 33 of pamphlet. Summarized they were f o r :
B allastin g 201-84 miles of trao k ................. .............. ..................................................................................................................................
$297,263 4®
Perm anent bridge foundations, iron and steel bridges, culverts, oreosoted tim ber trestles, and fo r strengthening bridges fo r
n
50-ton capacity freight o ars............................. ........ ........... .............................................................................................................
357,786 45
E ngin e houses, shops, fuel stations, ro a d w ay buildings, snow sheds and snow fences, signals and Interlooking plants, station
buildings, station grounds, turntables and water stations......... ........... ........................................... ....................... ..................... .
959,788 67
Cattle guards and crossings, fencing, filling in tim ber trestles, r l 'h t of w ay, real estate and telegrap h........ ....................................
141,728 17
F o r 146- 15 miles of new sidings (less 15-56 miles taken up) and 10-34 miles of second tra c k ............................................................ .
723,012 47
•wire
F o r 28-068 miles of n ew ly constructed road and other im provem ents of grades and alignm ent, reduolng length of road by 2-472
miles ................................................................................................................................................................. ........... ..........................
428,185 08
F o r 60 locomotives, l b aggage, m ail and express, 3 oaf A 15 ohair, 2 postal, 1,741 box, 5 6 9 other freight, and 124 road service
cars, shop m achinery, am ounting to $92,026 91, and tw o months’ proportion o f cost of new equipm ent under contract for
delivery before D ecem ber 31,1901, chargeable to this year’s operations............................. ..... ................................................... 3,896,845 10
T otal (oharged to Inoome of the P rop rietary C om pan ies)...................................................................................................... $6,804,609 37

The expenditures for betterments and additions to the New Mexico & Arizona and Sonora Railways, amounting to
$66,340 37, have been charged against the income of the Southern Pacific Company.
E Q U IP M E N T .

The following changes have taken place during the year in the equipment owned by the companies :
S o ld , d e s tro y e d
o r co n d e m n ed
a n d c re d ite d to
R e p la c e m e n t
Fund.

R e p la c e m e n t
, Fund.

In c o m e
A c c o u n t.

18
6

7
11

60
1

Locom otives......... .................................................. .........
B aggage, mafi and express c a r s .. . __________ ____________
B&gg&g© and passenger oars ......................... .... .........
O a fJ cars .7 ,.......7............... ................................
Passenger oars....................... .................... .................. .......
Ofiatr c a rs ______ ________ ____ ____________ ________
Postal oars . ......... .......... ............... ......................a ,.
e
Tourist o a r s . .... . . . . . . . . . . . . . . . . ... ....................... .........
■ oy ears....... . .................. ... ................ .
R
Otherfreight Oftra,. „, , _____________________ ________ _
B a r g e s . ........... ......... .......... ............. ........

'Rond sftTVioe ears

................ ....... ............... ............. .

Cost of rolling aroek __............ ....... ............... .
81iop m a c h in e r y ___ ____________ ______ .__________...
T w o month’s proportion of cost of n ew equipment under
contract for delivery before Decem ber 31, 1901, charge­
able to this y ear’s operations. __ ......__ ____ ________
T otal c o s t ,... ...... .... ........................... .....

A d d e d d u r i n g th e y e a r a n d c h a r g e d to th e f o l l o w i n g a c c o u n ts :
C a p ita l
A c c o u n t.

T o ta l.

98
12

20

1

31

3
20
15
11

229
250

2,005
2,079

3
31
9

15
2

27
1,260

5
i
414
611
9
32

1,749
569

104
$1,038,001 32

124
$1,957,018 19
92,026 91

$1,036,835 59

847,800 00
$890,159 68

$1,038,001 32

$3,896,845 10

228
$5,031,855 10
92,026 91
847,800 00

$1,036,835 59

$5,971,682 01

The locomotives added during the year averaged 61*37 tons upon drivers and 73*88 tons total w eight of engine with
out tender ; freight cars averaged 41*95 tons per car.
There were applied at the Company’s shops 197 automatic couplers to locomotives and 446 to freight cars, and air
brakes to 28 locomotives and to 83 freight cars, at a cost of $29,549 15, which was charged to operating expenses.
The rolling stock owned June 30, 1901, consisted o f :
P r o p r ie ta r y
O o m p a n its .

Locom otives........ ............. ....................... .... . . . .
Passenger e q u ip m e n t.............................. ........
Freight e q u ip m e n t.....__ . . . . . . . . . . . . . . . . . . . . . . .
R o ad service e q u ip m e n t............................ .

1,282
1,250
35,476
1,738

N o n -P ro p rie ta ry
C o m p a n ie s .

15
11
233
17

T o ta l,

1,297
1,261
35,709
1,755

E q u ip p e d w ith
a ir -b r a k e s .

A ll
A ll
32,348, or 90*58%

E q u ip p e d w ith
a u t o m a t ic c o u p le r s .

1,239, or 95"54%
35,599, or 99 68%

The equipment owned by the Proprietary Companies is shown on Table No. 18 o f pamphlet, and the changes during
the year, capacity and service of all equipment is shown on Tables Nos. 36, 27 and 28 of pamphlet.
The locomotives averaged at the close of the year 40*63 tons on drivers and 51*90 tons total weight of engine without
tender, an increase of 2*62 tons on drivers and 2*31 tons total weight without tender over 1900. The ton capacity
per freight car at the close of the year averages 26*88 tons, an increase of 2*18 tons per car over 1900,
On June 30th, 1901, there were equipped 110 locomotives for burning oil as fuel, and it is expected that during the
ensuing fiscal year ahout 225 additional locomotives w ill be so equipped.
T h e r e r e m a in e d t o t h e c r e d i t o f

th e

fu n d

fo r

r e p la c e m e n t

of

r o l l i n g s to c k a t t h e c lo s e o f th e y e a r $7 1,394 09.

Of the four additional steamers referred to m last year’s report for the New York & New Orleans line, one ship was
received and placed in service in June, 1901, and tw o others have been completed and placed in service since June 80,1901.
T R A N S P O R T A T IO N O P E R A T IO N S .

The transportation operations of all lines operated during the year were as follows :

THE CHRONICLE.

January 4 1 0 .]
, 92

Y e a r end ing
J u n e 30,1001.

A verage allies ol rail lines operated,

8,654-97

47

Year en d in g
J m ie ao, Juno
(in c lu d in g H ouston
& Texan C en tra l
U li. a n d linen l/tl
Texan hu h sid ia rv
there!o. and (h o rn
w ell H.
Co%
)

Y e a r e n d in g J u n e

In crea se .

30,1001.

Per
Cent.

Deoreate.

8,215-32

439-1,5

6-36
12-46
6-13
16-82
92-89
36-30

R e c e ip t s .
Passenger...............................................
Mall, express and b ag g a g e ....................
Freight . ................................ .............
.
Locomotive and ear m ileage.................
Sleeping oar and all other souroes........

$18,862,094
3,046,581
50,231,082
82,389
941,459

27
66
91
89
17

$16,772,260 80
2,870,562 97
42,997,396 49
1.159.700 92
1.479.701 02

$2,089,833 47
17ft,9t 8 69
7,233,186 42

Total rail lines............................
Steamships..............................................

$73,163,557 SO
4,081,340 28

$65,279,622 20
3,410,195 49

$7,883,935 70
671,144 79

12-06
19-68

Total............................................

$77,244,898 18

$68,689,817 69

$8,555,080 49

12-45

$1,197,192
705,767
1,534,732
383,594

60
69
15
39

13 34
9-94
6-28
2 3 15

O p e r a t in g E x pe n s e s .
05
07
23
80

$8,977,536
7,099,502
24,434,218
1,656,678

45
38
08
41

$ 1,07 7,311 03
538,241 85

Maintenance o f w ay and structures................
M alntf nanoe o f eq u ipm en t...... . .....................
Conducting transportation.............................
General expenses.............................................

$10,174,729
7,805.270
25,968,950
2,040,272

Total rail lines......................................
Steamships...................................... .................

$45,989,222 1ft
3,108,804 69

$42,167,935 82
2,786,274 70

$3,821,286 83
322,529 99

9 06
11-58

T o t a l.....................................................

$49,098,026 84

$44,954,210 02

$4,143,816 82

9*22

Reoeints over operating expenses..................

$28,146,871 34

$23,735,607 67

$4,411,263 67

18-59

27,416,113
935,143,326
2-246 cents.

25,263,151
858,491,798
2 1 8 2 cents.

2,152.962
76,651,528
•064 cents.

8-52
8-93
2-93

17,725.632
5,694,770,640
*997 cents.

15,436,110
4,970,886,710
•976 cents.

2,289,522
723,883,930
•021 cents.

14-83
14-56
2-15

P asse ng e r T r a f f ic .
Num ber of passengers carried................................
Passengers carried one m ile .................................
A v erag e receipts per passenger carried one mile.

F r e ig h t T r a f f ic .
Tons commercial and company freight oarried............
Ton miles commercial and company freight.................
A verage receipts per ton per mile commercial freight

The transportation receipts and operating expenses are shown in detail for each company on Table No. 21 of pamphlet
and the details of passenger and freight traffic for all lines on Tables No. 23 of this report and No. 24 of pamphlet. The
rail lines were operated at 62-85 per cent of their gross receipts, against 6T59 per cent in 1900, and the steamship lines at
76*17 per cent, against 79*24 per cent in 1900. The average per cent for both rail and steamship lines was 63'56 per cent,
against 65*44 per cent in 1900. Expenses for maintenance absorbed 24*57 per cent and for operations 38*28 per cent of the
gross receipts of the rail lines.
The decrease in receipts from locomotive and car mileage results from a change in the method of accounting in re­
spect of these receipts. In the preceding year the total amount received for the use of the Company’s cars on foreign
lines was credited to receipts, and the total amount paid to other companies for the use of their cars on this Company’s
lines was charged to “ Conducting Transportation.” In the year just ended only the net balance of this account of each
constituent company is shown.
The decrease it. receipts from sleeping cars and all other sources has resulted almost entirely from the sale of the
Company’s interest in sleeping cars referred to under “ Equipment” in the last annual report.
The increase in the operating expenses has been principally in the following items :
Maintenance o f Way a<a Structures.— (Increase $1,197,192 60, or 13*34 per cent.)—The expenses incurred in repairing
the damages to the roadway and structures caused by the Galveston storm in September, 1900, amounted to $175,263 11;
a part of the increase in the other items has resulted from the expenses attending the maintenance of increased roadway
and structures -th e average increase in mileage for the year having been 439*65 miles, or 5*35 per cent. Repairs of roadway
increased $417,313 64, or 9*95 per cent, and includes an increase of $80,563 66 in repairing damages caused by exceptional
floods. Repairs of bridges, culverts, timber trestling, docks, wharves and other structures increased $244,640 02, or 9*78
per cent. The expenses under this head include about $109 000 00 for renewing with creosoted timber the Galveston Bay
bridge previous to the storm in September, 1900. Renewal of cross-ties increased $4,974 68, or *39 per cent. Renewal of
rails and fastenings increased $339,703 37, or 47*87 per cent. Although there was an increase of 57*39 miles in new rails
laid, the greater part of the increased expense resulted from greater weight of rails laid and an increase in the cost of rails.
The rails and fastenings used in making renewals charged to the operating expenses this year do not include the rails,
fastenings and tie plates used in renewals on the Central Pacific Railway, this expense having been paid out of the “ Im ­
provement Fund,” provided for in the Central Pacific Plan of Readjustment. The cost of the labor, however, in making
these renewals, and the cost of the cross ties replaced during the year, were charged to the operating expenses of the
Central Pacific Railway.
The following rails, ties and tie-plates were used in making repairs and renewals on all lines and charged as follows:
O p e r a tin g
E xpenses,

M iles 75-lb. steel rails.............................................................................
Mlles'80-lb. steel ra ils .................................................................... .
Miles 96-lb. steel rails.............................................................................

Im p r o v e m e n t
Fund.

Total miles ol new rails..........................................................................
400-96
Num ber of burnettlzed cross-ties.......................................... ......... ...1,487,184
..1,409,639
Num ber other cross-ties.......................
Total num oer of cross-ties...................................................................... 2,896,823
E qu al to miles of track.......................................................................... 1,001-90
N u m ber of tie plates........................................................................... ....3,075,129
E qu al to miles of track...........................................................................
532*38

110-48

2,002,876
346 76

C h a rg e d to o v e r a l l* ff
expenses la s t y e a r.

109*42
270*60
20*94

109 42
270-60
20 94

T o ta l
th is y e a r.

343*57
...........
........

511-44
1,487,184
1,409.639
2,896,823
1,001 90
5,078,005
878-14

343 57
1,395,771
1,211,328
2,607,099
908-8&
5,278,024
920*74

The material used in renewals during the year and charged to operating expenses, and the character and condition of
the bridges and tracks at the close of the year, are shown on Table No. 19 of pamphlet.
A t the several wood-preserving plants of the Company 741,031 lineal feet of piling and 6,376,925 feet B. M. lumber
were creosoted, and 1,929,584 cross-ties and 241,272 feet B. M. lumber were burnettized.
The expenditures for maintenance of way and structures have averaged $1,161 20 per mile of main and second track,
against $1,0$0 04 for the preceding year.
Maintenance o f Equipment.—(increase, $705,767 69, or 9*94 per cent.)—Repairs of locomotives increased $285,429 97, or
10*67 per cent. The miles run by locomotives increased 4,127,083 miles, an increase o f 9*58 per cent. The expenses
include $163,689 36, present cost of replacing 18 locomotives condemned, sold or broken up, and $21,113 30 for applying
197 automatic couplers to locomotives, and driver brakes to 28 locomotives. Repairs of passenger cars increased $26,788 51,
or 2*66 per cent. The miles run by passenger equipment increased 6,488,128 miles, or 8 43 per cent. The expenses include
$144,989 00, current cost of replacing 6 baggage, mail and express, 1 baggage and passenger, 31 passenger, 5 postal and 1
tourist, cars, sold, condemned or destroyed. Repairs of freight cars increased $203,945 28, or 9*01 per cent. The mileage
of freight cars increased 56,100,029 miles, or 14*05 per cent. The expenses include $480,972 81 present cost of replacing 414
box and 611 other freight cars condemned or destroyed during the year, and $8,435 85 for equipping83 cars with air brakes
and 223 cars with automatic couplers. Repairs of workand service equipment increased $10,113 95. The expenses include
$26,096 10, present cost of replacing 32 cars condemned and broken up, and $8,870 12 for equipping 401 cars with automatic
couplers. Expenses include also $75,078 56, cost to replace tugs, barges and other equipment destroyed by Galveston storm.
The rolling stock has been maintained in thoroughly good order. The expenditures for repairs during the year (in­
cluding $890,159 68 for roiling stock sold, broken up or condemned) averaged the following sums per locomotive or car
owned:
T h is y e a r.

Locomotives
.............................................................................................................................................................................. $2,439 04
BasffCEke, ex preen, mall and postal o ars......................................................................................................................................
82ft 32
Faneen«er oars......................................... ....................... - .......... - ................................................................................................
744 73
Krelijlit
................................... .............................................. ................................................................................................
6102

Last, y e a r .
$2,330 54
614 25
737 50
65 71

THE CHKON1CLE

[VOL. L X X 1 V .

'Tli-- t-qui|mteut owned by the “ Proprietary Companies” is shown on Table No. 18 of pamphlet, and the changes in all
equipment during the year, the capacity, service and average cost of maintenance on Tables Nos. 86, 37 and 28 of pamphlet.
LotusutMit,,j 'transportation.—These expenses are largely dependent upon the amount of traffic handled; compared
with the trat spur tat ion operations of the preceding year, the expenses and traffic handled show the following results:
increase in ciw u-r, for conducting transportation, after deducting from the expenses of the preceding year
- i i io/ iu . 7* for mileage of oara and locomotives so as to make comparisons on the same basis $2,584,63* 83, or 11-OS per cent
5
M “ passengers carried ......................... ..... .............................. .........................................
2,152,062, or 8**2 '
oaasengers carried one mile.................... ...................... ........................................... .
76,651,528, or 8*96
tons commercial and company freight canted. .................. .............................................."
s'289,522, or 14*83
“
' tons cornmeroial and company freight carried one uiile..„....................................................." 726,883,930, or 14*56
1,09R,314, or 8*18
*
* - locomotive miles for aeooaut of passenger traffic..................... *........................ ............. . .
“
“
**
“
"
“
* freight traffic...,...................................... ...........................
•
1,676,796, or 8*09
** *
*
«
“
*
** all traffic............................ .................... ....., ..................
2,772,110,or 8*12
Expenses for fuel for locomotive* increased $779,386 51, or 11*19 per cent, and expenses for locomotive service, other
than for fuel and repairs, increased $491,880 81, or 11*67 per oent. Payments for loss and damage to property for account
of personal injuries and other casualties increased $8 5,728 74, or 83*31 per oent, and resulted largely from the unusually
large judgments rendered against the railroads in the State of Texas in suits for damages and personal injuries. Station
and terminal expenses increased $696,937 80, or i2’40.per oent.
Comparing the trainioad and carload with the average of the same properties last year shows the following gain :
1901
1900
In c r e a s e . P e r O ent.
Average tons per train mile ............... ............... .................... ....................................... 805*34
289*01
16*33
5*60
Average tons per loaded car — ......... ............................ ......... ............................ ..... ..... 17*38
17*17
*21
1*22
As only an average of 77 locomotives for the year had been changed to burn oil there has been only a small saving
from this change ; a number of locomotives are, however, now being changed to bum oil and a considerable saving in
this item of expense is expected therefrom, The total expenses for conducting transportation have averaged 80*65 cents
per train mile, against 82*10 cents in the preceding year. Fuel for locomotives averaged 2i*u5 cents per train mile,
against 23*40 cents in the preceding year.
A review of the general operating results by which these expenses are effected w ill be found on Table No. 25.
Steamship Expense#. (Increase, $323,529 99, or 11*58 per cent.) —This increase has resulted entirely from the opera­
tions of the Cromwell Line steamers for the entire year, against 7 months’ operations in the preceding year. The sailings
for the year between N ew York and New Orleans aggregated 104 single trips. The expenses of the Morgan’s L. &, T. It. It.
& S. S. Co, Line of steamers decreased $66,516 89. There was a decrease of two single trips between New York and New
Orleans, 24 single trips on the Texas Line and 55 single trips on the Havana Line.
GENERAL.
The results for the year's operations show a gratifying increase, and the ’earnings have kept pace with the general
prosperity of the country. Comparing the year’s operations with those for the year 1885 when the Company commenced
operations, there has been an increase in mileage of road operated of 4,068*94 miles, or 86*47 per cent, and in gross trans­
portation receipts of $46,893,126 04, or 154*50 per cent.
Although the earnings for the year just closed have shown such a gratifying increase, it should be borne in mind that
a considerable part thereof should continue to be devoted toward the physical improvement of the property and additions
thereto. This is necessary in order to bring the properties up to the high standard of the other trans-continental lines,
some of which were built in more recent years or have had expended on them large sums in reconstiuction and for addi­
tions during receiverships.
As w ill be seen from the following table of the weight of rails in track, there is still a large amount of light-weight
rail in the track, which should be taken up as rapidly as the earnings of the Company w ill permit.
60 a n d

L ess

Weight of rails (tbs. per yard)...............................
Total.
96
80
76
75
56
T o ta l.
54
52
61 5
5 0 th a n 50
185
8 .8 5 8
21
8,858
Miles of main and second track.............................
3 ,2 3 0
1 ,8 1 2
478
1 ,5 0 6
625
308
117
576
Per cent of total mileage...................................... 100*00
100*00
*23
5*39
2*10
17*00
36*46
1*32
20*46
6*50
7*06
3*48
Seventy-five thousand tons of rails (80 pounds per yard) have been contracted to be laid in year ending June 30, 1902.
Large outlays w ill also be necessary to bring up the rollingstock to more recent standards^ capacity and economical
. working efficiency. A careful inventory taken on June 30, 1901, of the age and capacity of ^locomotives and cars shows
the average age to be as follows :
Locomotives (from date when locomotive was originally placed in service)...... .............. .....................................................14*06 years.
Passenger train eqpipn ent of all kinds........... ...... ........ .................................... ................................. .................. ......... 16*48 “
Freight oars and cabooses ........... .................. .................................... „............. .......................................... ...... .. .____ 9*89 “
Distributing the rolling stock between that owned at the beginning of the year 1885, when the Southern Pacific Co.
commenced operations, and that acquired during and subsequent to the year 1885, shows tlie following relative percentage
of the total rolling stock owned June 30, 1901:

T o t a l . . . ......................... .................................................................. ..........................................................

100 *0 0

P a ssen g er
equipm ent.

F reig h t
eq u ip m en t.

5 i* 7 8
48*22

23*9 0
76*10

100*00

L o c o m o t iv e s .
P e r c e n t a g e o w n e d p r io r t o J a n u a r y 1, 1 8 8 5 ..................................................................................... .........................
2 -*6 8
a c q u ir e d s in c e
**
“
............................ . . j .......... ........................ .........................................
7 3*3 2

100 00

Locomotives rebuilt were dated from the year in which they were rebuilt.
Your Board regrets to announce the death during the year of three officers of the Company’s proprietary lines east of
El Paso. On March 30, 1901, Mr. J. T, Mahl, Engineer of Maintenance of W ay and Chief Engineer of lines under con­
struction, who had et tered the service of the Company in the year 1891; on June 12, 1901, Mr. C. W . Bein, Traffic Man­
ager. who had entered the Company’s service in the year 1883 ; and on June 18, 1901, Mr. W . B. Mulvey, Superintendent
of the Louisiana Division, who had entered the Company’s service in. the year 1889. In their death the Company lost
three faithful and efficient officers.
The accompanying report of the Controller shows fully and in detail the financial and other transactions of the South­
ern Pacific Company and of each Proprietary Company.
The Board ackn iwledges its appreciation of the loyalty and devotion which its officers and employes have manifested
in the discharge o f their respective duties, and it fully recognizes the fa rt that their fidelity and personal pride in the
efficiency of these properties have contrimited greatly toward bringing them up to their present high standard and to the
successful results of their operation. Respectfully,
CH ARLES H. TW EED , Chairman of the Board of Directors.
N o . 3 , - P R O F I T A N D L O S S F O R T H E Y E A R E N D I N G J U N E 3 0. 1 90 1. - S O U T H E R 4 P A C I F I C C O M P A N Y A N D P B O P B I E T A R Y
C O M P A N IE S

M iscellaneous e x p e n s e s .......... .....................................
Adjustm ents in a c c o u n t s ..... . . . . . . . . . . . . . . . . .
...........
Difference between cost and proceeds o f *‘8. 8. H u d ­
son,” s o l d . . . . . . . . . .
.............. ........ .........................
Cost o f lands sold not pledged for redem otion o f bonds
Cost o f n ew line at ASphalto to replace old line aban ­
doned .................................. ........................ ................
Prem m m on $72,0C0 face valne S. P. Co. 6 p er cent
Steamship bonds purchased and canceled...... ..........
Balance Jane 30.1901, viz :
j| Southern Pacific Com pany (No. 9 of
egg p a m p h le t ).................................... $10,935,343 14
Proprietary Companies (No. 12 of
p a m p h le t )........................ .
44,064,894 39

$ 1 3 ,1 9 8 08
7 ,3 2 8 53
8 7 ,2 5 0 00
1 9 ,9 1 2 38
5 ,4 7 5 31
3 ,6 0 0 00

5 5 ,0 0 0 ,2 3 7 53

T o t a l ............................. .........................................................

B a la n c e J u n e 3 0, 1 9 0 0 , v i z :
S o u th e r n P a c ific C o m p a n y . . . . . . . . . . . $ 1 0 , 0 4 9 , 9 4 0 61
P r o p r i e t a r y C o m p a n ie s ........................ 3 3 ,6 8 1 ,8 5 6 71

*5 5 ,1 8 7 .0 0 1 83

$ 4 3 ,7 3 1 ,7 9 7 32
A d d f o r p r o fi t a n d lo s s b a la n c e o f th e
A u s t in & N o r t h w e s t e r n R R , C e n t r a l
T e x a s & N o rth w e s te rn
R y , P ort
W o r t h & N e w O r le a n s R y ., H o u s to n
& T e x a s C e n tr a l R t i . a n d C r o m w e ll
S te a m s h ip C o m p a n ie s ..... ............... .......

3 ,5 4 0 ,0 6 5 59
----- ------ ---------- $ 4 7 ,2 7 1 ,8 6 2 91
B a la n o e fr o m ln o o m e a c c o u n t (N o . 2 )..
3 ,4 5 6 ,5 6 0 66
A n n u a l c o n t r ib u tio n t o S in k in g P a n d a .
$ 5 1 5 ,0 0 0 0 0
In c o m e f r o m S in k in g F u n d in v e s t m ’ ts,
4 1 6 ,0 5 7 48
-------------------- —
9 3 1 ,0 5 7 48
P r o c e e d s fr o m s a le o f la n d s p le d g e d fo r re d . o f b o n d s ..
1 ,3 2 6 ,9 0 3 93
R e c e iv e d f r o m U n it e d S ta te s o f A m e r io a in a d ju s t­
m e n t o f c la im s f o r t r a n s p o r t a t io n s e r v ic e s
___ _
1 ,4 9 6 ,0 9 0 41
P r o fit s fr o m s a le o f b o n d s a n d s e c u r it ie s e x c h a n g e d . ..
6 5 ,5 6 2 49
5 8 .5 *9 75
M is c e lla n e o u s c o l l e c t i o n s .............. .................... ..................
A d ju s t m e n t in a c c o u n ts ................................ ..........................
6 4,77 4 91
A d v a n c e s to S tti A n to n io & A ra n sa s P a ss R v C o.
c h a r g e d in in c o m e a c c o u n t, n o w c r e d it e d a n d c h a r g e d
t o S a n A n t o n io & A r a n s a s P a s s R y . C o ................
4 6 5 ,1 0 9 29
T o t a l ................................................ ........................... ..........

$ 1 5 ,1 3 7 ,0 0 1 83

THE CHRONICLE.

J anuary 4, 1902. J

49

N O . 2 —IN CO M E AC C O U N T FO R T H E Y E A R E N D IN G J U N E 30, 1901.-3O U TJTE RN P A C IF IC C O M P A N Y A N D P U O I ' K I K T A I I V
C O M PA N IE S .
(Earnings and Expenses o f “ P rop rieta ry” and "N o n -P ro p rieta ry " llnea and Mlaoellaneoua Incom e o f the Southern Pacific Company and
Proprietary Companion).

Operating expenses (and taxes) of proprietary llnea,
Interest on funded debt and all other expenses of pro­
prietary companies as shown In detail on Table No.
11 of pamphlet............................... - - .............. $73,730,396 16
Operating expenses, taxes and all other expenses In­
curred In oomuetlon with the operation of the fol­
lowing non-proprietary Hues: New Mexico & Ari­
zona RR.._........
$108,339 88
677,395 79
Sonora Railway.................................

983,735 67

Miscellaneous expenses of the Southern
Paclflo Company (No. 8 of pamphlet) :
Fixed rentals to Central Paoitlo Ry. Co.. $10,000 00
Fixed rentals to Oregon & California
KR. Co..................................................
5,00000
Interest due to affiliated companies on
advanoes and open acoounts, Includ­
ing Interest charged to Oregon & Cali­
fornia RR 0> and San AntODio &
Aransas Pass Ry. Co...... $552,374 46
Less interest due from
affiliated companies on
similar acoounts.......... 513,606 78
----------------------------- 38,78768

Interest on aocounts other than with
96
affiliated companies................... 303,435
Interest on S. P. Co. 6% steamship bonds 139,320 00
Interest on S. P. Co 4% (C. P. Stock
Collateral)................................. 1,152,739
99
Interest on S.P.Co.
2-5-year bonds. 337,750 00
Insurance on steamships.............. 182.750
00
Taxes and expensesof land department.
5,190 21
Taxes on other property...............
44,454
29
Miscellaneous expenses................
11,962
30
Sinking fund contributions.............
75,000
00
Discount on Southern Paoiflc Co. 4^2%
bonds sold................................
165,000 00
Advanoes to San Antonio A Aransas
Pass Ry. Co............................... 465,609
29
Balance to profit and loss (No. 3 )............

2,936,979 72
3,456,560 68

Total............................ ................. .

$81,107,672 21

Receipts o f p roprietary lines and nilsoellaneeusincom eof proprietary oom parries
aa shown in detail on T a b le No. l l o f
$78,022,843 51
pamphlet................................ ..............
Receipts o f the fo llow in g non-proprietary
lines:
N ew Mexloo A A rizona R R .......................... $257,590 20
Sonora R ailw ay............................................. 563,880 76
821,470 96
Miscellaneous Income o f Southern Paoillo
Company (No. 8 o f pam phlet):
D ividends on stocks........ ...................
$173,706 50
36-1,930 00
Interest on bonds..................
Prooeeds from sale and lease o f lands...
1,478 99
Profits on bonds sold....................................
15,53764
Profits on oil stocks sold.............................. 111,73205
Profits from operatin g w ood-preserving
w orks..........................................................
15,81891
Rentals from steam ships............................ 738,75286
Rentals from term inal fa c ilitie s .................. 114,01200
Rentals from equ ipm ent...............
5,709 38
Rentals from other p rop erty........................
33,71508
Miscellaneous receipts.................................
83,91428
1.663,357 74

Total.

$81,107,672 21

N o . 3 .—SEE P R E C E D IN G P A G E .
N o . 5 .—STOOK8 A N D BONDS O W NED .—S O U T H E R N P A C IF IC C O M P A N Y .
(Deposited with Trust Companies against issue o f C apital Stock o f Southern Pacific Company also under M ortgages o f Southern Pacific
Company 4 and 4 ^ per cent bonds.)

F a t e V a lu e \ o f
S to c k o r B o n d .

C h a rg e d o n
B o o k 8.

F a c e V a lu e o f
C a p i t a l S to c k I s ­
sued a n d O ut s ta n d in g :
J u n e 30,1901.

S lo c k s d e p o s ite d w it h U n i o n T r u s t O o o f N e w Y o r k C it y ( u n d e r s ta m p p r e s c r i b e d b y N e w
Y o r k S to c k E x c h a n g e ) a c q u i r e d a g a in s t th e is s u e o f C a p i t a l S lo c k o f th e S o u t h e r n
P a c if ic C o m p a n y :

G alveston Harrisburg & San A ntonio Ry. Co. - C apital S tock.........................................
Louisiana W estern R R . Co —Capital Stock....................................................... .................
M organ’s Louisiana & Texas R R & 8 S. C o .-C a p ita l Stock............................................
M exican International R R . Co.—Capital Stock..................................................................
Southern Pacific R R Co. (of Arizona) —Capital Stock.......................................................
Southern Pacific RR. Co. (of California) -C a p ita l Stock....................................................
Southern Paclflo RR. Oo. o f N ew M ex ico —Capital Stock................. ........... ....................
Texas & N ew Orleans R R . Co.—C apital Stock.....................................................................

$27,005,600 00
3.310.000 00
4.934.000 00
4.164.1 Ou 00
19,992,600 00
96,738,015 00
6,886.300 00
4,997,600 00

$27,084,372
3,360,01 0
15,000,000
18,708,2 00
19,996,000
101,424,160
6,888,8 00
5,000,000

CO
00
00
00
00
00
00
00

$168,088,115 00

S to c k s a n d
P a c if ic Oo

B onds

d e p o s ite d

w it h

C e n tra l

T r u s t O o. o f

N ew

Y o r k , T ru s te e

$67,274,200 00
12,00u,000 00

$67,275,500 00
12,000,060 00
$79,275,500 00

C om ­

Central Pacific R y Co.—Common Capital Stock...... ........................................................... .
Central Pacific Ry. Co.—Four per cent non-cumulative Preferred Stock...........................
(also $67,429,700 00 face value o f the capital stock o f the Central Pacific R R. Co.

III.

L97,460,532 00

$79,274,200 00

I I . S lo c k s d e p o s ite d w it h U n i o n T r u s t O o . o f N e w V o " k C it y , T r u s te e S o u t h e r n P a c i f i c
p a n y , F o u r p e r c e n t g o l d m o r t g a g e ( C e n t r a l P a c i f i c S to c k C o l l a t e r a l ) :

S o u th e rn

, 2-" - y e a r F o u r a n d o n e - h a l f p e r c e n t g o l d m o r t g a g e :
Austin & North W estern RR. Co.—Capital S to c k ..................................................................
Carson A Colorado R y C o —Capital S tock.............................................................................
Central Texas & N orthw estern Ry. Co.—Capital Stock...... .................................................
Crom well Steamship C o .-C a p ita l 8tock ............................................................................... .
F ort Worth A New Orleans R y. Co.—Capital S to ck ..............................................................
Galveston Houston A Northern R y Co.—Capital Stock............................. ........................
Gila V alley Globe A Northern Rv. Co.—Capital Stock..........................................................
Houston East & W est Texa s Ry. Co.—Capital S to c k ............................................................
Houston & Shreveport R R O o.- Capital Stock.................................... ................................
Houston A i exas Central R R Co —Capital sto ck ................................................................
N ew Y ork Texas & M exican R y. Co - Capital Stock........................
...............................
Oregon & California RR. Co.—Common Stock.......................................................................
Oregon & California RR. Co.—Preferred S to o k ....................................................................
Pacific M ai' Steamsi.ip Co.—Capital Stock.............................................................................
South t aclflc Coast R y. Co.—Capital Stock........ ......... .........................................................
Southern Paoiflc R R . Co. (o f C a lifo rn ia )—C apital Stock......................................................
T o ta l..........................................................................................................................
W ells, Fargo & C o ’s Express—Capital S t o c k ........................................................................
Total stock................................................................................................................

I
$1,005,000 00
4,375 OeO 00
195.000 00
995.000 OO
295.000 00
198.01 0 00
1.037.000 00
1,90 ,00u ( 0
895.000 00
9.596.000 00
608.1
00 00
6,94 5,000 00
11,980,000 00
1 0 ,0 0 . ,000 00
1

5.993.000 00
3,fa 00,0 00 00
$59,487,000 00
1,530,000 00

$1,016,000
4.380.000
200,000
1,000,000
300.000
200.000

00
00
00
00
00
00

2,000,000 00

1.920.000 00
400,000 00
10.000. 000 OO
630.040 00
7,000,000 00
12.000. 0 JO 00
20.000. 000 00
6.100.000 00
$67,046,040 00

$61,017,000 00

Carson & Colorado Ry. Co. first m ortgage 4 per cent bonds...............................................
Galveston Harrisburg & San Antonio Ry. Co. second m ortgage, M. & P . extension 6 per
cent bonds..........................................
.............................................. ............................
Galveston Houston A Northern R y Co. first m ortgage 5 per cent bonds...........................
Gulf W e-tern Texas A Pacific R y. Co fir t m ortgage 6 per cent bonds..............................
Houston A Shreveport RR. Co. first m ortgage 6 per cent bonds...........................................
Texas A N ew Orleans RK, Co., Dallas Division, first m ortgage 4 per cent bonds...... .....

$2,000,000 00

Total bonds................................................................................................................

$7,174,000 00

_____ ______ T otal stocks and b o n d s ........ ...................................................................................

$68,191,000 00

1,110,000
800,000
2,224,000
150.000
890.000

00
00
00
00
00

Total face vain e o f stocks deposited or pledged under m ortgages...................................... $308,379,316 00
7,174,000 00
T otal face value o f bonds depositee and pledged under m ortgages...................................
T o ta l........................................................................ ................................................... $315,558,315 00 $248,200,837 98 $ (43,782,072 OO

50

THE CHRONICLE

[V o l. LXX1V,

N o. « , - B O N D S ANU Sl'C C kS OWN KD -S O U T H E R N P A C IF IC C O M P A N Y A N D P R O P R IE T A R Y CO M PAN IE S.

F a c e V a lu e .

So u t h e r n P a c if ic C o .
Galveston Harrisburg & San Antonio Ry. Co.—Capital Stock....................
M organ’s Louisiana <c Texas RR. & S.S. Co.—Capital Stock. -....................
S
Maricopa & Phoenix & Salt R iver Valley BE. Co —Capital Stock...............
Oregon A California RR. Go. first m ortgage 5 per cent bonds............ .
Riverside A A rlin gton Ry. Co. first mortgage 4 per cent bonds..................
Southern Pac. RR. Go. (of California) 6 p. c first con. inortg, bonds..........
Southern Pacific HR. Go. (# f California) —Capital s to c k ,-....................
Southern Paolti o Go. 4 per cent bonds (Central Pacific Stock C ollateral)...
Stocks in Oil Companies
.
........................ .
...... ............. ........ .
Texas A N ew Orleans RR. Co. first m ortgage (Main Line) 7 p. o. bonds—
Miscellaneous Stocks.................. ........
..................... ...........................
T otal owned, by Southern Pacific Com pany............. .

......................

F a c e V a lu e .

133,954 00
527,094 40

188.000 00

5,135,128 00
*1,115,501 16

$529,460 96

$65,500 00
5,125 00

$23,300 00

Total ..

$2,330 00

150.000 00

68,721 78

160.000 00

80,000 00
3,617 50

163,000 00
25,000 00

$261,748 78

$154,669 28

H ouston & T e x a s C e n t r a l RR. Co.
Capital Stock, Fort W orth Union Passenger Station........... .................—

$25,000 00

M o r g a n ’ s L o u is ia n a & T e x a s R R . & S.S. Co.
D irect NavigaOon Co. 5 per cent secured n ote..............................................
D irect N avigation Co.—Capital Stock.
...........................
........... ........
G ulf Western Texas & Pacific Ry. Co.—Capital Stook..................................
Houston & Texas Central RR. Co. 4 per cent general mortgage bonds......
Ib eria < Verm ilion RR. Co.—Capital Stock........... ............... .....................
&
Texas Transportation Co, 5 per cent first m ortgage bonds............ , . ..........
Stook in Citizens’ Bank of N ew Orleans. L a ................................................
. _____ ______ ___________________________ _____ ______ _____

C h a rg e d o n
B ooks.

$39,200 00
10,000,000 00
510,000 00

13.000 00

$258,625 00

. . ...... ............................................... ................. .........

C h a rg ed o n
B oohs.

$685,000 00
95.000 00
129.000 00

$1,110.000 00

C e n t r a l P a c if ic R a i l w a y C o .
C. P. Ry. first refunding mortgage 4 per cent bonds........................ .........
“
“
3ta per cent m ortgage bonds.........................................................
Colfax A Forrest Hilt Commercial Co —Capital Stook......... .......................
Ogden Union Ry. & Depot Co. 5 per cent first m ortgage bonds..................
Ogden Union Ry. & Depot Co.—Capital Stook..............................................
Southern Pacific Branch Ry. Co. 6 per cent first m ortgage bonds — .....
Capital Stock in Transportation Lin es....................... ............... .................
Miscellaneous Stocks. _ ............................... ............................... ..............
Total

S to rk s .

B onds.

Ow ned p r

(U N P L E D G E D .)

$100,000 00

$31,683 22

$50,700 00
496.500 00

570.000 00

298.500 00

350.000 00
36,000 00
$1,020,000 00

$320,500 00

$881,700 00

Southern P a c if ic RR. Co. ( o f Ca l if o r n ia ).
Miscellaneous Stocks__ __________ ____________________________ _____________

$589,597 46
$735 95

Total owned by Proprietary Companies.................................... .........

$1,278,625 00

$1,082,248 78

$776,685 91

Total Southern Paoiflo Co, and Proprietary Companies.....................

$2,388,625 00

$2,197,749 94

$1,306,152 87

N o . 1 0 .—ASSETS A N D L IA B IL IT IE S - S O U T H E R N P A C IF IC C O M PA N Y.

ASSETS.

L IA BILIT IES .

T e a r e n d in g
J u n e 30,1901.

Capital A ssets.

Stocks and bonds owned, deposited
against the issue o f capital stock
of Southern Pacific Co. and un­
der mortages of Southern Paoiiic
Co. 4% and 4 ^ % bonds (No. 5)....$248,200,837 98
Steamships.,.....................................
3,693,475 97

T e a r e n d in g
J t m e 30, 19oO.

$237,443,647 77
3,693,475 97

$251,894,313 95 $241,137,123 74

Deferred A ssets

Individuals and companies...........
L a n d s ................................... ..
Other property........... .............. .
Real esta te............. .......... ..............
Tug and advances fo r steamships
under co n s tru ctio n ..... . . . . . . . . . . .
R ollin g s t o c k . ......... ......................
Wood preserving plant......... .........
Port W orth & New Orleans Ry. Co.
Honston & Texas Central RR. C o ...

$1,644,968 12
1,181,322 76
931,842 57
6,409,482 61
1,576,192 08
801,001 01
2,759,616 75
2,535,655 71

$7,566,696 80
1,246,739 67
370,856 40
2,801,844 7 «
1,041,778 04
464,733 53
2,761,705 29
2,350,167 60

$17,840,08161

Bonds and stocks owned (No. 6 )___
A gen ts and conductors....................
Loans and bills receivable
Casn.................................................
Construction advances.................. .
individuals and companies.............
Material, fuel and other supplies...
U, 8. Governm ent transportation...

$18,604,522 09

$164,796 24
216,464 90
115,810 21
2,445,486 77
1,375,719 94
152,153 28
135,953 92

$4,606,415 26

$136,974
222.435
190,336
2,643,119

20
20
93
86

222,341
209,039
131,824
4,830
110,376

98
47
24
00
05

$3,871,277 43

P roprietary Companies .

Cromwell Steamship Co. (including
advances for new steamers)......
F o rt Worth & New Orleans Ry. Co..
Galveston Harrisburg & San A n ­
tonio Ry. Co.......... .....................
Galveston Houston & Northern
Ry. C o ......................................
Gulf Western Texas & Pacific Ry.
v Co.......... .......................... ..........
Houston East & West Texas Ry. Co.
Houston & Shreveport RR. Co.......
Houston & Texas Central RR. Co...
New York Texas & Mexican Ry. Co.
Oregon & California RR, Co...........
Southern Pac. RR. Co. (of Arizona)..
Texas & New Orleans RR. Co........
®K

BICc
:.'X

Contingent A ssets.

Capital L ia b ilitie s .

T e a r e n d in g
J t m e 30,1900.

Capital stock..................................$197,847,788 40 $197,832,148 40
Six per cent steamship bonds due
............
2,286,000 00
January 1,1911......... .
2,358,000 00
Four per cent gold bonds (Central
Pacific stock col.) due Ang.,1949. 28,818,500 00
28,818,500 00
Four and one-half per cent 2 5 year
gold bonds due Jan. 1,1905......... 15,000,000 00
$243,952,288 40 $229,008,648 40

Ourbetnt A ssets*

dilLtilB

T e a r e n d in g
J u n e 30, 1901.

$931,611 29
4,830 00

$884,696 31
534.887 29

186,591 42

8,783 31

583,718 58
3 00

Current L iab ilities .

Unpaid dividends............
Interest coupons due but not pre­
sented..........................
Interest coupons due July 1, 1901..
Interest accrued to June 30, but not
due..............................
Loans and bills paya b le........... .
Traffic balances___ ______ . . . . . . . ___
Vouchers and pay-rolls.................

3,724,778* 74
$10,657,016 03

$12,173 69
449,908 32
1,559,427 50

2,565,250 60
800,000 09
666,265 26
4,850,872 43

2,555,009 65
7,406,768 88
308,662 37
4,461,438 62

*10,78 ■<,071 63

$16,753,389 03

$285,822 35

$277,759 87

432,000 00

464,000 00
23,089 SO
4,878 52

$717,822 35

$789,727 69

Deferred L ia b il itie s .

Taxes estimated to June 3 0 ...........
Weils, Fargo & Co.’ s express con­
tra c t,...,....... ..................... ...........
Austin <feNorthwestern RR. C o .....
Central Texas & Northw ’ern Ry. Co.

Proprietary Companies .

Austin & Northwestern RR. Co.
Carson & Colorado Ry. Co........ .
Central Pacific Ry. C o ___. . . . . .
Direct Navigation C o ..............
Galv. Harrisb. & San Ant. Ry. Co.
Louisiana Western RR. Co......

.
».

i.
Southern Pao. RR. Co. (of Arizona)

383.888 68

19,650 83
681,416 65
4,524,413 27

$10,322 69
316,618 15
1,578,742 50

'

$24,222 97
88,656 75
4,195,583 73
5,122 45
128,676 21
1,266,895 33
1,136,094 89
3,284,332 05
241,398 63
6,833,898 75
479,596 57

$17,183,978 38
482,196
4,119,751
31,313
1,239,656

89
05
78
35

$7,685,173 66

Contingent L ia b il itie s ,

Individuals and companies.
Marine insurance fund.......
Replacement funds............ .
Steamship insurance fund...
Unadjusted accounts...... .

$101,554
807,824
275,812
984, 56
1,442,187

47
70
80
01
43

$3,611,135 41

$27,426 42
3,004,169 58
114,361 SO
810.083 8S
2,157,024 18
5,496,263 12
270,989 64
$11,879,‘.68 12
$8,987
1,085,587
375,194
801,506
1,781,051

96
18
04
01
00

$ 1,902.826 19

Total assets.

$660,000 00
1,530,812 41

$1,065,208 12

.$176,258,296 12 $262,818,859 48

$2,190,812 41

Discount on bonds.... .............

$1,065,203 12

. $ 10,985,843 14

$287,188,639 26 $272,353,300 04

$10,049,940 61

.$387,188,689 26 $17 3,868,800 0 l

THE CHRONICLE,

January 4, 1903.]
N o.

51

N o . 1 4 . -L IA B IL IT IE S -P R O P R IE T A R Y COMPANIES.

13.—ASSETS—PROPRIETARY COMPANIES.

LIABILITIES.

ASSETS.
T o ta l
J u n e 30, 1001.

T o ta l

T o ta l

T o ta l

Ca p it a l L ia b il it ie s —
J u n e 30, 1901. J u n e 30, 1900.
Capital stock...................................$279,924,572 00 $267,273,572 00
Ca p it a l A ssets—
Preferred stock.............................. 24,000,000 00
24,000,000 00
Cost o l roads and franoUlees........... . $625,968,169 28 $587,637,806 21
Funded and other fixed Interest bear­
4,839,889 72
3,096,329 23
E xpen ditu res tor new lines...............
ing debt (No. 4 Ofpamphlet)___267,125,894 94 244,543,484 73
....................
653,597 46
Stocks o w n e d ......................................
Equipment trust obligations (No. 4 of
pamphlet) ..............
..............
29,175 94
84,58493
T o ta l............................................ *630,808,059 00 $591,287,'/32 93
14,718,044 18
14,b37,87419 Three per cent notes favor U. 8. of
Sinking fund (No. 1 5 ).................. ......
America (No. 4 of pamphlet).............
30,882,458 49
44,109,53070
4,502,926 47
4,045,080 97
Land grant accounts (No. 16)...........
Trust funds (No. 17)............................

Improvement fund...........................

Cash and U. S. Gov. bonds deposited
against bonds satisfied o f m ortgage.

T o t a l.................

June

30, 1900.

582,789 72
417,92850
............................................ 2,529,968Total...............................................$610,882,101 37 $580,011,17836
66
53,100 00

132,81000

Securities to be issued for new lines,
e to ..........................
..............
Bonds satisfied of mortgage but not
presented_________________

300,000 00

880,00000

86,000 00

116,00000

T o ta l............................................ .$611,218,101 37 $581,007,178 36

....$650,664,919 37 $612,951,335 25

Current L ia b il it ie s —

Current A ssets—
A gents and co n d u c to rs .....................
Loans and bills re c e iv a b le ........... —
Cash.........................
In dividuals and companies................
M aterial, fuel and supplies.................
Trafflo balances...................................
U. 8. Governm ent tra n sp o rta tio n ___
Bonds owned (No. 6)............................

$241,345 68
46,028 03
938,742 40
545,488 97
4,135,054 80
5,078 10
106,186 45
1,082,248 78

T o ta l........................................... .

$7,100,173 21

$148,162
59,103
408,953
132,560
3,337,482
13,226
73,207
1,058,169

45
81
59
70
35
05
11
40

Individuals and com panies................
Pacific Im provem ent C o ....................
Trafflo balances . . ..............................
Coupons matured but not presented.
Coupons due Ju ly 1st.......................
Interest accrued to June 30 th, buti
not due........................................
Loans and bills p a yable...... .........
Vouchers and pay ro lls .................
Unpaid dividends.........................

$1,170,070
12,488
85,600
180,131
51,166

$61,749 42
273,893 79
379,695 49
308,350 00
519,749 63
119,151 57
1,467,824 54
7,335 00

85
14
03
47
66

406,739 13
167,000 00
1,481,802 43
8,448 00
$3,563,446 71

$5,280 8R5 46
Deferred L ia b il it ie s —

Deferred A ssets—
$560
512,165
190,669
27,864

00
60
28
89

Individuals and oompanies.................
Land and other p rop erty....................
Stocks owned (No. t ) ..........................
Uuadjusted accounts..........................
Due from —
Houston & T exas Cent. R R. C o.___
San A n t. & Aransas Pass Ry. C o ...

$237 11
599,754 61
776,685 91

17,143 23
$1,393,820 86

P ro prietary Companies —
Due from —
Austin & Northwestern R R . Co____
Central Paciflo Ky. Co.............. .
Cent. Texas & N o ith w . R y. Co........
D irect N avigation Co.......................
Ft. W orth & N ew Orleans R y. Co...
Galv. Harrlsb. & 8an Ant. R y. Co...
G alv. Hous & Northern R v. Co......
Gulf, West. Texas & Paciflo Ry. Co.
Houston & -h revep ort RR. Co.......
Houston & Texas Central RR. C o ..
Louisiana W estern R R . <’o ___ . . . .
M organ’s La. <feTex. R R. & SS. Co..
N. Y . Texas & M exican Ry. Co......
Texas & N ew Orleans R R. Co........

223,721 28
13,169 06
5,134,094 03
124,399 06
192,005 92
15,531 69
380,504 05

2,609,042
60,674
251,310
35,621

05
08
37
32

15,687 81
386,440 43
112,336 29

32,499
6,033
302,549
143,347

81
99
60
19

T o ta l............................................

$6,963,707 29

$11,879,268 12

$1,016,602 53

$199,007 49
114,063 14
177,812 14
373,586 58

$143,347 46

50,662 70
15,531 69
356,969 98
15,687 81
111,539 38
8.847 69
5,539,998 69

6,033 99
91,943 69
3.051,460 b'i

P ro prietary ^ ompanies —
C
Due to
Central T ex. & N orthw . Ry. C o ......
D irect N avigation C o .....................
Ft. Worth & New Orleans R y. C o ..
Gal. H arris. & San. Ant. Ry. C o ...
G alv. Hons. & North. Ry. Co_____
G u lf West. Tex. & Pacific R y. C o ..
H oust n East & W est. T ex . Ry. Co.
Houston & Tex. Cent. R R . Co........
Ib eria & V erm ilion RR. Co...........
N. Y . Tex & Mex. Ry. C o . . . . . . . . . .
South. Pao. R R Co. (o f C a lifo rn ia ).
Tex. & N ew Orleans R R . Co...........

$3,646,909 93

Due from Southern Pacific Company. $17,183,978 33

666,474 21

$1,597,304 31

$790,410 43

$237,335 94
8,667 56
104,124 82

1,217,007 53

33,734 34
25,416 32

T o ta l............................... ...........

$218,327 52
16,916 24
145,053 02

Individuals and com panies.........
Unadjusted accounts....................
Taxes assessed but not d u e.........
Sinking funds uninvested (No. 15 o f
pam phlet)................................ .

$356,969 98
8,847 69

•

$205,831 52

262,416 67
8 97
56,077 82
35,621 32

Contingent A ssets -

$6,963,707 29
$10,652,180 78

T o ta l........................ .....................

$3,646,909 93
$6,800,427 35

Contingent L ia b il it ie s —
Individuals and com panies.........
Unadjusted accounts....................
Prin cip al o f deferred p a jm en ts on
land contracts...........................
Replacem ent funds......................
A ppropriation fo r n ew eq u ip m en t....

$12,499 47
295,963 92

$8,640 00
782,728 02

4,502,926 47
166,436 69
847,800 00

4,045,030 97
121,998 90

.

$5,825,626 55

$4,958,367 89

Individuals and com panies................
Unadjusted a c c o u n ts ........................

$55,076 10
97,888 97

$65,791 46
110,238 83

T o ta l............................................

$152,965 07

$176,030 29

12 o f p a m p h l e t ) . $11,246,260 77

$9,420,004 95

$55,311,155 16 $43,101,861 66

90 $644,09i , 824 43

$694,705,824 90 $644,094,824 43

P r o f i t a n d L o s s (N o .

T o t a l A s s e ts .................................. $694,705,824

N o . 2 3 —R E V IE W OF T R A F F IC —A L L LIN ES.
June

30,1901.

June

30,1900.*

In c r e a s e .

D ecre a se .

P e r C e n t.

8,654-97

8,215-32

439-65

5-38

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.

11,508,090
Num ber o f ihrough and local passengers carried....................... .
15,910,023
Num ber o f ferry-suburban passengers ca rried .............................
27,416.113
Total number o f passengers carried.................................... ........
786,895,220
Num ber o f through and local passengers oarried one m ile ........
148,248.106
Num ber o f ferry and suburban passengers oarried one m ile___
Total passengers oarried one m i l e ............................ .................
935,143,826
Number o f passengers carried one m ile per m ile o f ro a d ...........
108,047
68-39 miles
A v e ra g e distance carried—through and local passengers...........
A vera g e distance carried—ferry-suburban...................................
9-32 miles
34-11 miles
A vera g e distance carried—all passengers....................................
Receipts from passengers ............................................................. $18,862,094 27
A vera g e arnonnt received from each through and local passenger
$1 54
2-246 cents
A v e ra g e receipts per passenger per m ile—through and lo oa l___
T o ta l receipts o f passenger tra in s.................................. ........... $21,908,625 93
Receipts per m ile o f main tra c k ...................................................
$2,530 74
Receipts per t r a i n m ile .................................................................
$1 62
58-01
A vera g e number o f through and local passengers per tra in ____

9,914,429
15,348,722
25,263,151
716,006,679
142,485,119
868,491,798
104,499
72-22 m iles
9-28 miles
33-98 miles
$16,772,260 80
$1 58
2-182 cents
$20,178,580 52
$2,456 21
$1 61
57 02

1,591,661
561,301
2,152,962
70,888,541
5,762,987
76,651,528
3,548

16-05
3-66
8-52
9-90
4-04
8-93
3-39
5-SO
•43
•38
12-46
2 53
2-93
8-57
3-03
•62
1-74

18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.

Tons o f com m ercial freigh t ca rried ..............................................
14,067,162
Tons o f company freigh t carried............. ...................................
3,658,470
Total tons ca rried ......
....................... .....................................
17,725,632
Tons of com m ercial freigh t carried one m ile...............................
4,873,257,7*8
Tons o f company freigh t carried one m ile ................................... .
821,512,912
T otal tons carried one m ile.............................................................
5,694,770,640
Ton miles per m ile o f road—all fr e ig h t........................................
653,802
321-27 miles
A vera g e distance hauled—all fre ig h t............................................
Receipts from com m ercial fre ig h t............................................... $48,504,8iO 22
Receipts from company fr e ig h t...................................................
$1,666,242 69
Total receipts—all freigh t
......................................................... $50,231,082 91
$3 45
A vera g e amount received from each ton - com m ercial freigh t.
•997 cents
A verage receipts per ton m ile—com m ercial fre ig h t....................
$5,803 73
Receipts per robe o f main track—all fre ig h t................................
Receipts per t r a i n m ile—all freigh t .............................................
$2 69
A verage tons per tra in —al I freight (per t r a i n m ile )....................
305-34
A verage tons per train -a ll freigh t (per t r a f f i c m ile )................. .
254-23
A v e ra g e tons per loaded car—all freig h t......................................
17-38

A vera g e miles o f road operated............................................................

P assenger T raffic .

0-04 miles
0-13 miles
$2,089,833 47

3-83 miles

$0-04

•064 cents
$1,730,045 41
$74 53
$0 01
•99

F reight T raffic .

Includes Houston A Texas Central lift, and lines In Texas subsidiary thereto.

11,989,652
3,446,458
15,436,110
4,237,333,126
733,553,584
4,970, * 80,710
601,025
322-03 miles
$41,365,469 48
$1 631,927 01
$42,997,396 49
$3 45
•976 cents
$5,236 21
$2 50
28901
239-87
17 17

$7,199,370 74
$34,315 68
$7,233,686 42

17 33
615
14-83
15-01
11-99
14-56
8-78
•24
17-40
2-10
16-82

021 cents
$567 52
$0 19
16-33
14-36
0 21

215
10-84
7-60
5 60
5-98
1-22

2,077,510
212,012
2,289,522
635,924,602
87,959,328
723,883,930
52,777

0-70 miles

THE CHRONICLE

52

[Voi.. L X X IV ,

Oio, 2 5 —G E N E R A L O P E R A T I N G R E 8 U L r 8 - A L L LINES,
J u n e 30,1901,

J u n e 30, 1900.*

In c re a s e .

8,654-97

8,216*32

439-65

$77,244,898 18
49,098,026 84
28,146,871 34
63-56

$68,689,817 €9
44,954,210 < 2
23,735,607 67
65*44

A v erag e miles of road o p erated ................................... ........... ...........

D e a r ease.

P e r C en t,

5 35

R E o a ic rs a n d E x p e n s e s .
( t t m l a n d S te a m s h ip L in e s .)

1.
2.
9.
•4
.

G ross transportation receipts...... ......... ................. ..................
O perating expenses,...................................... ....................... ........
fte-oeipts o v er operating expenses................. ................. ........
Peit-chtago ot operating expenses to gross reoeipts----- . . . . . . . . . .

$8,555,080 49
4,143,916 82
4,411,263 67
1*88

12*45
9 2*2
18*59
2-96

( R a i l L in e s o n ly ,)

5.
6.
7.
8
9.
10.

Gross transportation receipts per axtle of main track .................
Operating expenses per mile of main traofe. ..............................
Receipts o ver operating expenses per mile of main t ra c k .........
Gross transportation reoeipts per t r a i n m ile............. ................
o peratin g expenses per t r a i n mile. .. ....................... - ................
Reoeipts over operating expenses per t r a i n m ile— ...................

1 1.
12,
13.
14.
15.
id.
17.
18.
19.

Locom otive mites ran with passenger t r a in s ...............................
L o c o m o t iv e m ile s ran with freight train s.............. ......................
Locomotive miles run with m ixed train s............... ........ ........... .
T otal t r a in m iles................. ... ....................................... .... ..........
Locomotive miles light and helping passenger train s...... ..........
Locomotive miles light and helping freight train s.......................
T otal tr u ffle m iles....... ...................................................... .
.
Locomotive miles sw itching...........................................................
Total re v e n u e lo c o m o tiv e m iles......... ............................................. .

T r a in

and

56
32
24
19
42
77

$507 7 »
181 80
326 4 0
08
01
07

6-39
3*53
11-60
3-65
*70
•91

13,204,999
17,624,044
1,368,987
32,198,080
935,175
3,749,656
36,882,861
8,281,495
45,164,356

12.259,876
16,309,3? 0
1,187,218
29,75 5,944
130,973
3,523,834
34,110,751
7,234,852
41,345,603

945,623
1,314,694
181,7 69
2,442,086
104,202
225,^22
2,772,110
1,046,643
3,818,753

7*71
8-06
15*31
8*21
12*54
6'41
8 12
14 46
9*27

83,413,429
€-16
327,689,395
127,586,985
455,266,380
17-57
6-80
38-70

76,925,301

6,488,128
04
38,183,490
17,926,539
, 56,100,029
*74
*42
*71

8'43
*65
13 19

$8,453 35
6,318 62
3,139 73
2 27
1 43
84

$7,945
5,132
2,813
2
1

T r a f f ic M il e s .

Oa r M il e s ,
20. M ileage of all oars In passenger train s.........................................
21. A v erag e num ber o f oars In passenger train s.................................
32. M ileage of oars in lreight trains (lo a d ed ).......................................
33, Mileage o f oars In freight trains (em p ty )............................... . —
24. Total m ileage o f all oars In freight t ra in s .....................................
25, A verag e num ber o f loaded cars per tra in .......................... ..........
28, A verage n am ber of empty oars per tr a in ......................................
27. Percentage of empty oars per train .................... .........................

6*12

289,505,905
109,660,446
399,166,351
16*83
6*38
37-91

16*35

14-05
4-39
6-58
1-87

M is c e l l a n e o u s .
28.
29,
30.
S I.
32.
33.
34.

Main, of w ay and structure per m ile of main and second track.
A v erag e cost of repairs per looomotive p er a n n u m ......................
A v . cost of repairs of baggage, express and m all cars per annum
A verag e cost of repairs o f passenger oars per annum ..................
A v erag e o jst of ri pairs of freight oars per an nu m .......................
Conducting transportation per t r a m m ile ...................................
Conducting transportation per r e v e n u e lo c o m o tiv e m ile..............

$ 1 ,1 6 1 20

2,439 04
825 32
744 73
61 02
80*65 oents
57*50 oents

$1,080 04
2,330 54
61425
737 50
65 71
82-10 oents
19*08 cents

$81 16
108 50
211 07
7 23

7*51

$4 69
1*47 cents
1*58 oents

4-65
34-36
•97
7-11
1-79

2-67

* In c lu d e s H o u s to n & T e x a s C e n t r a l K K . a n a lin e s in T e x a s s u b s id ia r y th e r e to , a n a C r o m w e ll 8. 8. L in e .

P arrott S ilver & Copper Co.—Dividend again reduced,—
This company, controlled by the Amalgamated Copper Co.,
has declared a quarterly dividend of 5 per cent, payable Jan.
27, on its $2,298,500 capital stock. Last October 10 per cent,
and last July 15 per cent, was paid,— V, 73, p. 725.
Pocahontas Coal & Coke Co.—Official Statement.—Judge
Gary of the United States Steel Corporation on Thursday
gave out the following:
T h e p r o p e r t ie s h e r e t o f o r e s e c u r e d b y th e m a n a g e r s o f t h e P o c a h o n ­
t a s C o a l S y n d ic a t e , c o n s is t in g o f a b o u t 3 5 0 ,0 0 0 a c r e s o f t h e v e r y b e s t
f u e l a n d c o k in g c o a l w h ic h has e v e r b e e n d is c o v e r e d a n d lo c a t e d o n
th e lin e s o f th e N o r f o lk & W e s t e r n R a i l w a y O o ., h a v e b e e n s o ld a n d
c o n v e y e d t o th e P o c a h o n t a s C o a l & C o k e C o ., w h o s e c a p it a l s to c k is
o w n e d o r c o n t r o lle d b y t h e s a id r a i l w a y c o m p a n y . A b o u t 5 0 ,0 0 0
a c r e s o f th e s e la n d s h a v e b e e n le a s e d , o n a r o y a l t y b asis, t o c o m p a n ie s
w h o s e c a p P a l s to c k is o w n e d o r c o n t r o lle d b y t h e U n it e d S t a t e s S t e e l
C o r p o r a t io n , a n d o n th e m w i l l , w it h in t h e c o m p a r a t i v e l y n e a r fu t u r e ,
b e c o n s tr u c t e d a t le a s t 3 ,0 0 0 m o d e r n o o k e o v e n s , w i t h a o a p a o it y o f
a t le a s t 1 ,5 0 0 ,0 0 0 to n s o f c o k e , t o g e t h e r w it h n e c e s s a r y r a ilr o a d s ,
t ip p le s , w a t e r w o r k s , e le c t r ic p la n ts , p o w e r p la n ts , r e s id e n c e s , s to r e s
a n d o th e r im p r o v e m e n t s ; a n d w o r k w i l l b e c o m m e n c e d a t o n c e .
I t is e x p e c t e d t h e c o n s u m m a tio n o f t h e s e t r a n s a c t io n s w i l l r e s u lt
in g r e a t b e n e fit t o th e N o r f o lk & W e s te r n R y . C o. a n d t o t h e in t e r e s t s
o f t h e U n it e d S ta te s S te e l C o r p o r a t io n . A lt h o u g h t h e r o y a l t i e s a r e
s m a ll t h e y a r e l a r g e l y in e x c e s s p e r a c r e o f t h e p u r c h a s e p r ic e , w i t h
in t e r e s t , so t h a t t h e b u s in e s s o f t h e c o a l c o m p a n y s h o u ld b e v e r y
p r o fit a b le ; a n d th e f r e i g h t r e c e ip t s f o r t r a n s p o r t in g t h e c o k e t o b e
p r o d u o e d , as w e ll as a la r g e t o n n a g e o f c o a l f o r fu e l, s h o u ld fu r n is h a
v e r y la r g e a n d s t e a d y a n d in c r e a s in g ln o o m e t o th e r a i l w a y c o m p a n y .
T h e c o m p a n ie s c o n t r o lle d b y th e U n it e d S ta te s S t e e l C o r p o r a t io n
h a v e b y th is le a s e s e c u re d , a t a l o w r o y a l t y c h a r g e , s u ffic ie n t c o a l o f
t h e b e s t c h a r a c t e r an d q u a lit y t6 p r o v id e , on th e p r e s e n t b a s is o f c o n ­
s u m p tio n , f o r a b o u t t h ir t y y e a r s . T h is , w it h t h e C o n n e lls v ille c o a l
n o w o w n e d , w i l l , o n t h e s a m e b a s is , fu r n is h t h e n e c e s s a r y s u p p ly o f
c o k e f o r u p w a rd s o f s ix t y y e a r s ; a n d i t n o w co rres p o n d s w ith th e
ir o n o r e s u p p ly . P o c a h o n t a s c o a l Is v e r y h ig h in c a r b o n , o f g o o d
p h y s ic a l s tr u c t u r e f o r c o k e , p r a c t ic a lly s m o k e le s s , a n d t h e d e m a n d f o r
th is c o a l, f o r f u e l a n d c o k e b o t h , h a s b e e n s t e a d ily g r o w in g , a n d a t
p r e s e n t g r e a t ly e x c e e d s t h e s u p p ly .

The bonds to be issued are described under the caption of
the Norfolk & Western Railway on page 41.
Pressed Steel Car Co.— D i r e c t o r s . — The three vacancies
in the board have been filled by the election of Judge James
H. Reed and T. H, Given of Pittsburg and H, E. Moller of
New York, Judge Reed is a director of the United States
Steel Corporation.—Y, 73, p. 1316.
Rochester (N . Y .) Telephone Co.—Increase o f Stock.—
This company, incorporated Nov. 24, 1899, has filed a cer­
tificate of increase of capital stock from $400,000 to $700,000,
Superior Consolidated Land Co.—Sale.—Judge Romanzo
Bunn in the Federal Court for tne Western District of W is­
consin, has ordered the foreclosure sale of this company’s
property.—V. 66, p. 83,
T roy Steel Co,— Sale Feb. 6'.—The foreclosure sale is adver­
tised for Feb. 6 at Albany, N, Y .—V. 71, p. 1124.
Tw in City Telephone Co. o f Minneapolis and St. Paul,—
Particulars as to Bond Issue.—The bonds offered by Trow ­
bridge & Niver Co. of Chicago and Boston through advertise­
ment in last week’s Chronicle are part of an issue limited
absolutely to $1,000,OiO, and described as follows:
T h e b o n d s a r e fir s t m o r t g a g e g o ld 5s, w it h in t e r e s t p a y a b le J a n . 1
a n d J u ly 1, e x c e p t $ 1 0 0 ,0 0 0 (N o s , 501 t o 9 0 0 ), on w h ic h It is p a y a b le
q u a r t e r ly (Q .-J .) O f th e t o t a l a u th o r iz e d Issu e, ($ 1 ,0 0 0 ,0 0 0 ) N o s . 1 t o

5 0 0 o f $ 1 ,0 0 0 e a c h , $ 5 0 0 ,0 0 0 , m a t u r e in in s t a lm e n ts o f fr o m $ 2 5 ,0 0 0
t o $ 4 0 ,0 0 0 y e a r l y o n J u ly I f r o m 1911 t o 1 92 5, b o t h in c lu s iv e . T h e
r e m a in in g $ 5 0 0 ,0 0 0 [in c lu d in g $ 2 5 0 ,0 0 0 r e s e r v e d f o r fu t u r e e x t e n ­
sion s. e t c .] is in d e n o m in a t io n s o f $ 1 0 0 ($ 2 5 ,0 0 0 . N o s , 501 t o 7 5 0 ,
in c lu s iv e ) a n d $ 5 0 0 ($ 4 7 5 ,0 0 0 , N o s . 751 t o 1700, i n c lu s iv e ), a n d
m a tu r e s J u ly 1, 192 6, b u t is s u b je c t t o c a ll, in w h o le o r in p a r t , a t 105
a n d in t e r e s t o n J u l y 1, 1 9 1 1 , o r a n y i n t e r e s t d a y t h e r e a f t e r .

The Royal Trust Co. of Chicago is mortgage trustee.—Y .
73, p. 1364.
United States Rubber Co.—See George Watkinson & Co.
below (compare Y , 71, p. 37).
Prices Advanced.—The company on Jan. 1 advanced its
list prices about 8 per cent in order, as a circular says, to
bring the list up to a basis at which goods can be manufac­
tured without loss.—V. 73, p. 1318.
(G eorge) Wathinson & Co. o f P h ilad elph ia (R u b b e r
Shoes).—Assignm ent.-This concern, established in 1896, and
having, it is stated, a daily capacity of 6,500 pairs of rubber
boots and shoes, filed on Tuesday a petition involuntary
bankruptcy. The liabilities are estimated at $1,447,685 and
assets at $1,048,512.
—Otis, Wilson & Co,, Chicago, offer $500,000 United States
of Mexico Government internal redeemable 5 per cent silver
bonds. The facts regarding these bonds are very fully set
forth in the page advertisement elsewhere. The bonds are
offered at $410 American money and accrued interest for
each $1,000 Mexican silver bond, and at the present price of
silver the yield is 5% per cent. The interest is payable in
Mexico or London, Messrs, Otis, Wilson & Co. w ill cash
the coupons one week before maturity at the prevailing
market value of a Mexican silver dollar.
—The statement of the Morristown Trust Co,, Morristown,
N. J,, as of Jan, 2, 1902, may be found in the advertisement
of the company on another page. The total resources were
$5,979,065, the deposits' $3,855,517. The company pays 3
per cent interest on accounts subject to check.
—Redmond, Kerr & Co, offer, in an advertisement on page
xiv, ,a number of issues of securities especially selected to meet
the views of careful investors. Details and descriptive cir­
culars can be had on application at either their N ew York,
Philadelphia or Chicago office.
—Lee, Higginson & Co., of Boston, have compiled a highly
interesting statement in circular form respecting the Man­
hattan Railway Company and the outlook for its future.
— Edwin L. Lobdell & Co., Chicago brokers, have issued a
very attractive circular regarding the merits of National
Biscuit Company stock as an investment security,
—Attention is called to a choice list of investment bonds
advertised in another column by Messrs. Blodget, Merritt A
Co., Boston and New York.
—A selected list of investment offerings to yield 4 to 5 per
per cent is advertised on page x i by Spencer Trask A Co.,
New York and Albany.
—Mr. William L. McKenna has been made a member
of the firm of Redmond, K err A Co,

THE CHRONICLE.

January 4 1 0 .]
, 93

%ht Commercial girnca.
COMMERCIAL

EPITOME.

F r id a y N ig h t , Jan. 8. 1902,
During the past week the attention of manufacturers and
dealers has been quite generally given to the invoicing of
stocks od hand and preparing for the new year. The volum e of
new business transacted has accordingly been very moderate,
but with the outlook considered favorable for the speedy re­
sumption o f active trading as the month progresses, the un­
dertone o f confidence has continued quite pronounced; prices
generally have been w ell maintained. P ig iron has been re­
ported as ruling particularly strong, w ith many lookiag for
an advance in prices, ow in g to the increasing cost o f coke.
In the speculative markets business has been quiet. Cotton
values have shown a tendency to sag, the result o f a larger
movement of the crop than had been expected.

53
C O T T O N .

F r id a y N ig h t , J a n u a ry 3, 1902.
T he Movement of t h e C r o p , as In dicated by our telegram s
from the South to-n igh t, Is g iv e n below . For the week ending
this evenin g the to ta l receipts have reaohed 291,814 bales,
against 299,256 bales last week and 292,438 bales the previous
week, m aking the to ta l reoeipts since the 1st o f Sept., 1901,
4,891,493 bales, against 4,058,102 bales for the same period of
1900-1, show ing an increase slnoe Sep, 1,1901, of 232,791 bales.
R e c e i p t / a t—

Ba t.

M on.

T u et.

G a l v e s t o n .........

1 0 ,7 9 6

1 7 ,3 0 2

1 8 ,9 8 0

Pork..................
Lard.................
Tobacco, dom
estic
Coffee, Rto........
Coffee, otber.......
Coffee, Java, Ac....
Sugar................ ....... bbds.
Sugar.................
Molasses, foreign......... hhds.
Hides................
Cotton...............
Bosln................. ........ bbls.
Spirits turpentine..
Tar................ .
Sloe, E. I . . . . ......
Bloe, domestic.....
Linseed,... ....__
Saltpetre.............
Manila hemp__ _
Sisal hemp..........
Jute butts...........
Flour.............bbls. and sacks

Jan. 1,

1902.

Dec. 1,

1901.

Jan. 1,

1901.

T h u rt.

6 ,2 9 5

4 ,3 6 9

F ri.

T o ia i.

1 6 ,2 6 2

7 3 ,9 9 4

B ab. P a ss, Ac.

......

......

1 3 ,6 4 3

......

......

1 ,1 8 6

1 4 ,8 2 9

N e w O r le a n s ...

2 6 ,4 9 6

1 2 ,6 3 5

2 2 ,3 8 1

5 ,8 8 3

8 ,7 3 3

9 ,9 7 2

8 6 ,1 0 0

M o b i l e ...............

760

393

1,5 7 3

427

1

1 ,0 8 7

4 ,2 3 1

P e n s a c o la , A o .
S a v a n n a h .........

8 ,7 2 8
4 ,6 8 7

7 ,3 4 3

1 0 ,0 4 3

705

4 ,8 8 1

.....

24 9
5 ,2 3 7

7 ,9 6 4

8 ,9 7 2

1 1 ,1 9 2

2 ,9 5 9

B r u n s w ’k .A o .
C h a r l e s t o n . ___

Stockt of Merchandise.

W ed .

3 8 ,5 0 2

6 ,4 1 2

14 3 7 6

552

2 ,1 0 9

1 1 ,2 0 6

W a s h ’t o n . A c

......

......

......

......

......

1 ,9 5 1

2 ,6 9 9

929

794

73e

67 6

7 ,7 8 5

.....

P t. R o y a l, A o
W ilm in g t o n —

......

......

......

......

23

23

7,886
9.200 N o r f o l k ............. 3 ,2 3 3 2 ,9 7 2 1 ,8 8 3 1 ,8 8 3 1 ,5 1 2 3 ,8 2 5 1 4 .8 0 8
6,820 N ’p ’t N e w s , A o
397
498
890
638,054 N e w Y o r k ........
149
656
59
384
1,5 1 1
908
3 ,6 6 7
105,253
674
735
1 ,1 3 2
756
1 ,9 0 3
5 ,2 0 ©
143,772 B o s to n _________
4 ,9 2 6
None.
4 ,9 2 6
None. Phlladel’a, Ac..
900
93
159
528
125
1 ,8 0 5
None.
71,000 Tot. this week 5 0 4 2 3 4 9 ,7 0 9 8 9 ,8 6 7 2 2 ,8 0 6 1 7 ,9 3 2 6 0 ,5 7 7 2 9 1 ,3 1 4
85,589
35,976
The fo llo w in g shows the w eek's to ta l reoeipts,the to ta l since
3,282 Slept, 1,1901, and the stock to -n igh t, com pared w ith last year.
885
5,100
1901-02
1900-01.
Stock.
5,300
None. Receipts to This Since Sep. This Since Sep.
Jan. 3,
1902.
3,400
1901.
week. 1,1901. week. 1, 1900.
11,182
2,709
100 Galveston... 73,994 1,403,552 45,869 1,200,341 257,100 245,687
984
104,000
Sab.P., Ao 14,829 42,189
21,613
Lard on the spot has had only a small sale, and under New Orleans 86,100 1,351,681 02,171 1,538,037 340,716 874,811
4,231 121,411 2,372
93,040
35,487
32,715
moderate offerings prices have weakened. The close was Mobile__ _
o. 8,972 119,004 11,997
84,637
dull at 10'15c. for prime Western and 9’50@9'70c. for P’sacola, &
prime City. The demand for refined lard has shown no im­ Savannah... 38,502 831,897 19,220 701,168 152,500 130,504
62,620
6,241
8,813
provement and prices have weakened to 10‘30c. for refined Br*wick,Ac 14,376 104,028 1,991
23,004
31,055
for the Continent. Speculation in the market for contracts has Charleston.. 11,206 202,899 2,463 183,057
1,317
11
569
been moderately active and under realizing sales by longs P.Royal.Ao,
731 207,042
16,920
7,610
prices have declined. Deliveries on contracts have been large. Wilmington 7,785 215,428
345
23
13
Wash’n, Ac.
477
The close was quiet.
34,669
Norfolk___ 14,808 301,021 6,868 266,378
48,488
D A IL Y CLOSING PRICES OF LA R D FUTURES.
11,435
890
28,595
5
5,756
637
N’port N.,Ac
Sat. Mon. Tuet. Wed. Thurs. Fri
December.......................... 10 37 10-40 ........ H oli- .................... New York..;
3,667 70,413 7,964 46,552 118,858
90,179
J a n u a ry ...................................................... 10-22 day.
10 20 10-15
58,000
47,000
Boston...... 5,200 51,938 10,184 121,734
Pork has continued to meet with only a small jobbing sale, Baltimore.. 4,926
11,697
46,825 3,398
30,347
15,178
but prices have not changed from $16 50@17 50 for mess. Phlladel.Ao
4,483
16,309 1,162
11,895
1,805
3,349
9,318
9^0
1,758,394
197,387
93,383
None.
84,892
None.
32,100
112,268
33,293
3,581
1,110
3,000
6,200
None.
2,300
6,618
6,021
None.
113.500

6,l 1
9
1,086
1,465,227
197,920
51,969
561
188,800
None.
27,400
82,645
17,603
2,077
468
2,100
6,000
None.
2,100
2.104
2,871
None.
97,000

Cut meats have been quiet and slightly easier. Tallow has
been dull at 6@6^£c. Cotton seed oil has advanced but the
close was quiet at 41J£@42c. for prime yellow. Butter has
been quiet but steady. Cheese has had a fair sale at harden
iDg prices. Fresh eggs have held steady.
Brazil grades of coffee have been unsettled, the result of
sharp fluctuations in the speculative market and aggressive
operations on both sides of the market by the leading bull
and bear interests. Business has been quiet, the season of
the year and the large supplies in sight holding buyers in
check, despite the reports of a prospective reduced yield from
the next Brazil crop. The close was quiet at 7c. for Rio No.
7. West India growths have been firmly held, with good
Cucuta quoted at 9 @ 9 )4 c. East India growths have been
firm but quiet. Speculation in the market for contracts have
been fairly active, the result of freer trading by the long in­
terests; prices have weakened slightly. Following are the
closing asked prices:

Jan............... — 6-700. ! Ju n e................
March............ 6-80o. July................
M a y ................ 7-OOc. I A u g .................

705o. | Sept................. 7’35e.
7-15c. I O o t .................. 7-45o.
7-25o. I D e o ................. 7 55o.

R aw sugars have been dull and easy, closing at 2% c. for
centrifugals, 96-deg. test, and 3 5 32c. for muscovado, b9-deg.
test. Refined sugar has been in moderate demand, but the
close was quiet at 4-75c. for granulated. Other staple gro­
ceries have been without important changes.
Kentucky tobacco has been firmly held. Spot stocks have
been light; receipts have been limited, and there has been
some buying for export to Hayti. Seed leaf tobacco has had
only a small sale, but there has been no attempt to push sales
and prices have been well maintained. Foreign tobacco has
been quiet.
Strait3 tin has been quiet and at the close, under weaker
foreign advices, prices declined to 22 75@23 30c. Ingot cop­
per has been weak and unsettled; quoted prices have been
lowered to 12i^c. for Lake. Lead has been quiet and un­
changed at 4c. Spelter has declined to 4-30c., closing quiet.
Pig iron has been in good demand and strong at $18@16.
Refined petroleum has been unchanged, closiug steady at
7-20c. in bbls., 8 80c. in cases and 4-65c. in bulk. Naphtha
has been unchanged at 9 05c. Credit balances have been un­
changed at f l 15. Spirits of turpentine has further ad
vanced on strong Southern advices, closing at 39]^@40c.
Rosins have been quiet at $1 55 for common and good
strained. Wool has been firmly held but business has been
limited.” flopsjaave been quiet but steady.

Totals..... 291,314 4,891,493 178,035 4,658.702 1,672,897 1,027,928
In order th a t comparison m ay be m ade w ith oth er years,
we g iv e below the totals at lea d in g ports fo r six seasons.
Receipts at—

1902

1901.

1900.

1899.

Galves’n.Ao.
New Orleans
Mobile..
Savannah...
Ohas’ton, Ac
Wllm’ton, Ac
Norfolk.....
N. News, Ac.
Ill others...

88,823
86,100
4,231
38,502
11,206
7,808
14,808
890
38,946

46,853
62,171
2,372
19,220
2,474
744
6,868
637
36,696

44,605
40,326
3,580
21,439
2,291
2,370
11,440
1,948
20,710

99,336 55,853
78,537 117,484
5,147 13,321
28,730 29,771
9,160 12,858
5 094
1,976
15,066 15,185
694
387
47,571 45,013

1893.

1897.
31,182
53,042
3,738
17,093
10,879
2,740
18,497
343
24,826

Cot. this wk. 291,314 178,035 148,711 285,960 300,273 167,340
Sinoe Sept. 1 4891,4934658.702 4064.790 6085,935 5873.737 5119,790
The exports for the w eek en d in g this even in g reach a tota l
of 209,294 bales, of whioh 100,581 w ere to Great B ritain, 35,567
to Franoe and 73,146 to the rest o f the C on tin en t. B elow
ire the exports fo r the w eek and sinoe Sept 1,1901.
Exports
from —

W ish A n t H n i Jan. 3 ,
Bxportea to—
G re a t

B r it’n.
T a lr e s t o n ....
l a b . P a s s . A o ..
fla w O r le a n s .

18 371

F ran ce
1 8 .1 9 4

4 ,5 4 6

C o n ti n s n t.
2 ,9

P2

1002

89 557

8 ,7 0 0
1 5 ,8 4 2

1 , 1 9 0 1 . to Jan.
S xp ortsd to —

to t a l
G r*a <
F ra n c e
Week. B rita in .

1 3 ,2 4 5

2 4 ,1 0 3

6 8 ,7 2 1

6 ,8 2 6

2 6 ,7 7 6

F ro m Sept

6 ,6 2 5

5 5 8 ,7 2 5 2 1 8 ,5 3 7

S a v a n n a h ... ..

...........

Brunswick ...

7 .6 8 4

C h a r le s t o n ...

8 ,7 2 0

1 ,6 8 1

0 ,1 9 9

4 7 9 , 4 0 5 1 0 4 ,4 2 0

15/i 07

6 6 ,4 7 2

....

1 0 5 .1 8 4

1 5 8 ,4 3 4

3 1 ,0 9 1

8 8 1 ,9 0 0

6 2 1 ,4 8 1

1 5 .4 U

6 4 .2 7 4

6 ,0 4 8

2 0 ,1 8 3

7 9 ,5 0 6

6 7 ,5 2 6

9 1 ,1 8 8

9 8 ,8 4 9

1 9 8 ,9 8 6

8 3 ,0 0 8

6 ,9 0 3

1 7 ,0 8 7

9 6 ,1 3 7

2 .7 0 6

1 O .W 90

773

773

1 8 ,8 6 1

2 5 ,4 0 3

1 8 0 ,5 2 3

3 ,8 8 4

8 4 ,3 0 0

1 ,8 7 9

2 8 ,3 5 3

...........
1 1 ,1 8 1

1 0 ,0 4 8

B o s t o n ...........

3 ,8 8 4

B a lt i m o r e ___

1 ,5 7 9

...........

....

P h ila d e lp h ia .

Ao.

T o t a l ..............
T o t a l.

1 0 0 0 -0 1 .

9 8 0 .9 7 8

4 9 ,s e o

9 ,1 9 6

N e w Y o r k ___

S an F r a n ..

2 8 .7 0 1

3 2 8 ,1 4 7

7 ,6 7 4

2 705

N ’p o r t N . , A o ..

2 8 7 .4 8 7 1 ,0 6 4 ,7 9 9

4 8 ,1 6 0

6 ,4 7 0

P o rt R o r a l .. .
W i lm i n g t o n . ..

462

6 ,3 6 6

....
....
....

7 ,7 9 3

to ta l.

1 7 ,1 9 0

1 1 ,5 9 5

3 W .7 0 5

P e n s a c o la ....

C o n ti n sn t.

8 ,1 9 0 2

3 ,0 1 0
8 .2 1 5

4G
>.

....
....

1 ,8 0 0

1 3 ,7 9 8
1 8 ,8 0 1

1 0 ,0 6 0

1 0 9 ,2 8 1

2 9 9 .8 7 0

1 .7 5 6
400

8 0 ,1 1 5

1 8 .3 7 4

4 7 ,1 3 3

1 ,0 0 3

6 ,5 1 9

0 5 .0 0 7

0 5 ,4 6 9

1 0 0 ,5 8 1

8 6 ,6 8 7

7 3 ,1 4 3 2 0 9 , 2 0 4 1 , 8 0 9 , 6 0 0 4 3 7 , 2 9 2 1 , 3 9 9 ,8 1 0 8 , 6 4 3 , 0 0 2

7 6 .0 6 8

9 .5 1 5

7 7 ,7 7 0 1 0 3 ,3 5 0 1 ,8 9 4 , 0 7 2 3 7 4 , 6 0 7 1 ,2 3 1 , 2 1 0 3 , 8 0 0 , 0 9 5

THE CHRONICLE

51

In addition to above exports, oust telegrams to-night also
give as the follow ing amounts of ootton on shipboard, not
cleared, at the ports named. We add similar figures for
Mew York, which are prepared for our special use by Messrs,
Lambert A Barrows. Produce Exchange Building,
os atiiraoakn, SOT CLEARED FOB—
Jan.

8 a t—

Gh*&at
B rita in

B trO th e r
Sfr'noe m a n y . F o r ’g n

O&astw iiit.

T o ta l,

23,470 20.877 14,130 10.614 426 69,517
49,687 24 010 18,760 6,319 7.128 106,009
2.0J 22,400
O
14,600
5,800
1.000 9,500
8.000
11,000
4.000
7,000
18,500 18,5001
485 ” 500
3,385
2,450
8.000 3,000
21,000
10,000
115,407 44,887 51,125 20,433 29,549 261.401
Total 1901. 60,512 39.704 68,036 17.004 19,404 204,650
Total 1900. 53,726 29,180 — 98, 988--- - 20.012 201.934

New Orleans
Galveston....
Savannah__
Charleston...
Mobile........
Norfolk......
New York__
Other port*.
Total 1902

L e a vin g
stock,

271,189
151,001
130,100
21,555
24,487

29,988
115,473
67,093
811,496
823,278
865,366

^Speculation in cotton for future delivery has been on a
moderate scale only, with a gradual sagging of prices. The
movement of the crop was the principal factor which dis­
couraged the bull interest. The receipts for the week prove
to be much in excess of the expectations of those who were
looking for an improvement in prices; in fact the amount of
cotton that came into sight during the week showed a material
increase over the corresponding week last year. As a result
o f the larger movement of the crop than was anticipated by
many, there has been some selling to liquidate long contracts
under which prices have yielded. Prospects have been re­
ported promising for a fairly satisfactory condition of busi­
ness in the cotton goods trade here and in Europe; neverthe­
less spinners show no disposition to enter the cotton market
as extensive buyers, preferring to pursue the policy of parchasing supplies as they were needed to meet their current
wants. To-day there was a further weakening in prices, re­
flecting easier advices from Liverpool and continued liquida­
tion by recent speculative buyers, due to the movement of
the crop being in excess of their expectations. The close
was barely steady at a net decline for the day of 11@14
points. Cotton on the spot has been quiet and easier, closing
at 8 516e, for middling uplands,
The rates on and off middling, as established Nov. 20,1901,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.

a

[V ol. LXXIV.

OTOUES.—Highest, lowest and closing prices at New York.

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Fair,.........................o. 1'1.4 on Good Middling Tinged__ Even 1 1 1 -? ‘ © 1 0 * 00 * °P ' °? ' to 1M 1© 1H 1©
3
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Middling Fair.......... . 0*80 on Strict Good Mid. Tlnged.c. 0-20 on
Strict Good Middling...... 0-50 on Strict Middling: Tinged__ 0-06 off
The V isible s u p ply of Cotton to-night, as made up by
Good Middling,.......... 0 32 on Middling Tinged............ 0T2 ofl
Strict Low Middling...... 0-14 off Strict Low Mid. Tinged... 0-34 off cable and telegraph, is as follows. Foreign stocks, as well
Low Middling................ 0*38 off Middling Stained .. ..... 0-50 off as the afloat, are this week’s returns, and consequently all
Strict Good Ordinary.....0-72 off Strict Low Mid. Stained... 1*06 off
Good Ordinary............ LOO off Low Middling Stained.....L50 ofl foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
On this basis the official prices for a fe w of the grades for Jan, 3), we add the item of exports from the United States,
the past week—Dec. 28 to Jan. 3—would be as follows.
Including in it the exports o f Friday only,
1902.
1901.
1900.
1899
UPLANDS. .
Sato Mon Tts.es Wed TM Prl
Stook at Liverpool......hales. 828,000 682,600 720.000 1,370,000
5,000 13.000
2,000
3,000
Good Ordinary,,™,......... ... 7-50 7*44 7*44 H
7*44 7*31 Stock at London...............
Total Great Britain stock. 8 3 3 . 0 0 0 695.000 722,000 1,373,000
8-12 8*08 8 06 ©
Low Middling.....
8*06 7 93
18,000
15.000
16,000
Middling...... ........... . . . . . . . . . . . . 8% 87
i6 8b A s
87
ie 8b 6 Stock at Hamburg._________ 1 3 , 0 0 0
1
Good Middling....,. . . . . . . . . . . . 8-82 8*76 8*76 §
5
8 *'6 8*63 stock at Bremen.............. 253.000 203.000 202,000 373.000
*
3.000
2,000
9-24 9*11 Stock at Amsterdam..........
Middling Fair....... . . . . . . . . . . . 9*30 9*24 9*24
"206
200
300
” 206
Stock at Kotterdam...........
GULF.
Sat. Mon Tees Wed TM, Fri. Stock at Antwerp.............
5.000
7.000
6,000
3,000
Stock at Havre................ 166,000 127.000 276,000 239.000
7*75 7*69 7*69 H
7*69 7*56 Stock at Marseilles............
Good Ordinary......... ..
4.000
4.000
3.000
2,000
8-31 818 Stock at Barcelona......
42.000
Low Middling..... . . . . . . . . . . . . . 8*37 8*31 8*31 ©
77.000
29.000
73.000
46j000
. »se>lassaa xeaeaaaaassa 8%
9
8u1 8n ie p.
6
81 ie 8» i« Stock at Genoa........._____ 30,000 45.000 48.000
1
9*07 9*01 901
9*01 8*88 Stock at Trieste................
Good Middling.......
10.000
3.000
2,000_____________ 5.000
_
9*49 9*36
Middling Fair.................. 9*55 9*49 9*49
Total Continental stocks.. 542,200 430,200 638,300 740,200
Sat, Mon Thes W ed Tk. Fri.
Total European stocks.__1,375,200 1,125,200 1,360,300 2,113,200
STAINED.
India cotton afloat for Europe 36,000
66,000
17,000 44,000
6*94 6*81 Amer. cottonafloat for E’rope. 642,000 540,000 500,000 978,000
Low Middling..^...,.......... 7*00 6*94 6*94
7*94 7*94 Holi- 7*94 7-81 Egypt, Brazil,&c.,aflt.for Efpe 64,000 32,000 55,000 41,000
0
Mi&al ^ »»O»=>sisoBana iiia ssa tB ia i! 8*C
Strict Low Middling Tinged... 8*16 8*10 8*10 day. 8*10 7*97 Stack to Alexandria, Egypt... 227,000 180,000 201,000 358,000
8*44 8*31 Stock in Bombay, India...... . 234,000 265,O O 270,000 225,000
O
Good Middling Tinged......... 8*50 8*44 8*44
Stock in United States ports..1,072,897 1,027,93s 1,067,300 1,231,758
The quotations for m iddling upland at New York on Stock in U. 8. interior towns.. 698,606 811,438 815,724 739,5*9
United States exports to-day..
7.300
26,872
54,764
29,365
Jan. 3 for each o f the past 32 years have been as follows.
6 Total visible supply....==.4,357,003 4,074,438 4,343,088 5,659,902
1902__ c. 85i6 1894.. ..0. 8 1 8 8 Q . . . . C . 9 3 i s 1878.. ..c.X151
a 1885.. .... 11ig 1877.. .... 12«8 Of the above, totals of American and other descriptions are as follows:
1901.. .. ..HUi 1893...... 97
0
—
—
6
1900.. .... 7\ 1892 ..... 7131 1884.. ....10911876.. ....13J4 4
6
1899.. .... 578 1881.. .... 951 1883.. ....101« 1875.. ....1414 Liverpool stock__......bales. 741,000 597,000 574,000 1,265,000
1874.. .... 16*4 Continental stocks...... ...... 508.000 399,000 604,000 695,600
1898.. .... 5i&ie
1882.. ....117
8
1890.. ....1 0 .
1881.. ....11151
6
9%
1873.. ....20% American afloat for Europe... 642,000 540,000 500 000 978,000
1897.. .... 73ie1889.
1896.. .... 851 1888.. ..10»i« 1880.. ....12 1872.. ....203s ^ t o d States stock.....,.:.... 1,072;897 1,027,928 1,067,300 1,331,758
6
1871.. ....15% United States interior stocks. 698,606 811,438 815,724 *39,5*9
1887.. ~ 4 s
1879...... |97is
1895.. .... 5Hie
;9>
7,300 26,872
54,764
29,a65
Note.— Get. 1,1874, grades of cotton as quoted were changed. United States exports to-day..
On
Total American.............3,669,803 3,402,238 8,615,783 4,938,702
According to the new classification Middling was on that day quoted

% lower than Middling of the old classification.
3,
MABKET AND SALES.

Total.....

*?*?
©©
O©

© 1*
^

J S ^ S S S ^ ^ Z .

The to ta l sales o f cotton on the spot each day during the
week are indicated in the fo llow in g statement, For the
convenience of the reader we also add columns w hich show
at a glance how the m arket fo r spots and futures d osed on
same days,
Futures Sales of Sp o t a c o n trac t
Sp o t H a r k s t
Market
Ex­
Cl o s e d .
ConCon­
Closed, port. tump. tract. Total

Saturday.. Quiet...... ...... Steady...... 1,046
Monday.... Quiet at lie dec. B’rly steady.
i'io 2,500
Tuesday... Steady.......... Quiet........
1,115 5,000
Wednesday
.. Hoii day_
Thursday.. Quiet............. Quiet........
506 9,800
Friday..... Quiet at iiedeo. b’rly steady.

i i
' *

1,046
2,610
6,115
10,306

1,046 1,731 17,300 20,077

S7.000

85.000

146.000 105.000

S S S & a v ;:;:::::::::
s ffl
liS ?
» S
}f:S
India afloat for Europe....... 86,000
66,000
17,000
41.U O
O
Sgypt, Brazil, &e.. afloat...... 64,O O 32,000
O
55,000 41,000
Stock in Alexandria, Egypt... 227,000 180,000 203,000 -56,000
i l i to Bombay, India5,™.. 234;000 265,000 270,000 225,000
Total East India, Ac....... 687,200 672.200 727,300 721,200
Total American-..........3,669,803 3,402,286 3.613,768 4.938,702
Total visible supply.......4,857.003 4,074,438 4,343.088
SSaad,
4l5sad.
Middling Upland, Liverpool.. 4i7S d. 5i%d2
5'S .
C
Middling Upland, New York..
8 i8 3
& <.
lO^e.
5%sd.
7ho*.
Egypt Good Brown, Liverpool
7%
d.
8%
d.
6%d.
7“ad.
Peruv. Bough Good, Liverpool
7d,
7%d.
4":utd.
Sroaoh Fine, Liverpool.— ..
4 >8 d.
U 3
5'Yul.
3%
<jd.
l^d.
otanevelly Good, Liverpool...
4%6 L 5%
<
ad.
Continental imports past week have been 154,000 bales,
The above figures indicate an inarm.to in 1000 of 280,505
Dales as com pared with san.it date of 1901, a gain of 13,015
bales from 1900 and a decline of 1,803,899 bales ivotu ISvO

THE CHRONICLE.

J anuary 4, 1902.]

55

Quotations for Middling Cotton at Other Markets.—
A t the I nterior T owns the movem
ent—that Is the receipts
for the week and since September 1 the shipments for the Below are cloning quotations of middling cotton at .Southern
,
week and the stocks to-night, and the same items for the and other principal cotton markets for each day of the week.
sorresponding period of 1900-01— set ont in detail below.
is
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Week e n d i n g
J a n . 3.

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The a Dove totals show that the interior stocks have de­
greased during the week 28,560 bales, and are to-night 112,832
bales less than at same period last year. The receipts at all
towns have been 41,533 bales more than same week last year.

Overland Movement for tee W eek and Since Sept , 1,—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made np from telegraphic
reports Friday night. The results fo r the week ending
Jan. 3 and since Sapt. 1 in the last two years are as follows.
1901-1902.
Ja n ua ry

3.
W eek .

S in c e
S e p t. 1.

1900-1901
W eek .

S in c e
Sept. l.

S h ip p e d —

Via St. Louie...__........
35,243 435,250 27,040 576,179
Via C airo...... ___ ...... ......
4,814
69,373 6,636 142,854
Via Paducati....
24
623
4,823
Via Rook leland.................
1,400
19,635 1,550
42,511
8,576
ViaLouisvllie.... ..................
95,886 4,937
77,398
5,954
Via C in cin n a ti............. .
53,785 4,962
42,786
11,567 177,019 13,796 146,935
Via other routes, & o ..„ ........
Total gross overland___ _

67,554

D ed u ct th ip m e n U —

850,972 59,544 1,033,486

Overland to W Y., Boston, &c.. 15,598 185,283 22,708 210,528
.
922
Between Interior towns..... .
75,943
32,948 3,623
1,224
23,622 1,786
Inland, &o., from South.......
22,774
Totalto be dednoted.......

17,744

Leavlngtotal netoverland*.. 49.810

241,853 28,117

309,245

609,119 31,427 724,241

* Including movement by rail to Canada.
The foregoing shows the week’s net overland movement
thi* year has been 49,810 bales, against 31,427 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 115,122 bales.
1901-1902.
In

B ig h t a n d S p i n n e r * ’
T a k tn g *.

W eek .

S in c e
S e p t. 1.

1900-1901.
W eek .

S in c e
S ept. 1.

Receipts at porta to Jan. 3......... 291,314 4,891,493 178,035 4,658,702
*et overlana to Jan. 3................ 49,810 609,119 81,427 721,241
Southern consumption to Jan. 3.. 37,000 620,000 32,000 542,000
Total marketed............ ....... 378,124 6,120,612 241,462 5,924,943
interior atooks In excess............ *26,560 569,301 8,202 766,811
Came into sight during week. 851,564
233,260
Total In sight Jan. 3.............
6,689,913
6,691,754
North’n spinner* tatr'gs to Jan. 3.. 79,163 997,575 70,397 1,118,720

Movement into sight in previous years.
H lfytl
d
S in c e Sept. 1—
H a le *.
1899-00—
Jan. 5............ 208.008 1899-00-Jan. 5......... 6,000,031
1898-99 Jan. 0............. 855,187 1898-99-Jan. 6......... 8,001,916
1897-98 Jan. 7— _____ 856,201 1897-98 Jan. 7........ 7,584,876

1896-97- Jan, 8.. ......... 169,047 1896-97—Jan. 8.

.... 6,493,778

Galveston...
New Orleans
Mobile......
Savannah...
Charleston ..
Wilmington.
Norfolk---Boston......
Baltimore..
Philadelphia
Augusta —
Memphis_
_
St. Louis__
Houston_
_
Cincinnati..
Louisville. .

S a tu r .

M on.

T u t*.

8
She
7is
77*
8
770
She
sq,
8h
8%
8k*
8
She
8

8
8
77«
77„
770198
77«
She
8‘3
8*4
8.Hje
Bho®^
7161
e
8
8

8
8
77ft
778
8
778
8
S’he
8*4
Sihe
S'awie
71 1
B0
8
8
Sh
83ie

SH

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W cd n e *.

Thun.

8
8
770
77«
W

S
&
■
i
■
*
r
•

770
8
S7,fl
8*4
8iiie
8^811
a
770
8
8
8*4
8*4

F ri.

77H
770
770
713,0
77H
716,0
87,0
8*4
89,0
8
713,0
7i<h«
77
0
8H

8*8

W eather R eports by T elegraph .—Our telegraphic ad­
vices from the South this evening indicate that rain has fallen
in most districts during the week, and that in portions of
Alabama and Mississippi, and also in sections of the Atlantic
States, the precipitation has been heavy. In the Southwest
however, the rainfall has as a rule been light. The market,
ing of cotton has continued on a liberal scale.
Galveston, Texas.—W e have had heavy rain one day dar­
ing week to the extent of one inch and seventy hundredths.
The thermometer has ranged from 36 to 62, averaging 49.
Corpus Christi, Texas —Rain has fallen on one day of the
week, to the extent of eight hundredths of an inch. Average
thermometer 51, highest 70, lowest 32.
San Antonio, Texas.—There has been rain on one day of
the past week, the precipitation being two hundredths of an
inch. The thermometer has averaged 56, highest being 70 and
lowest 42.
Palestine, Texas.—It has rained on one day of the week, the
precipitation reaching two hundredths of an inch. The
thermometer has averaged 49, ranging from 30 to 68.
F o rt Worth, Texas.—We have had no rain during the
week. The thermometer has ranged from 36 to 68, averag­
ing 52.
New Orleans, Louisiana.—W e have had rain on two days
of the week, the rainfall being three inches and eighty-six
hundredths. Average thermometer 52.
Columbus, Mississippi.— We have had rain on three days of
the past week, the rainfall being two inches and twenty
hundredths. The thermometer has averaged 50, ranging
from 38 to 63.
Leland, Mississippi.—There has been rain during the
week, to the extent of two inches and fifty hundredths. The
thermometer has ranged from 26 to 72, averaging 48*6
Vicksburg, Mississippi.—Rain has fallen on two days of
the week, the rainfall being three inches and fifty five hun­
dredths. Average thermometer 50, highest 67 and lowest 35.
Meridian, Mississippi.—It has rained on three days of the
week. Receipts of cotton are small in consequence of bad
roads and bad weather.
Little Rock, Arkansas.—W e have had no rain during the
week. The thermometer has ranged from 27 to 68, averag­
ing 47.
Helena, Arkansas.—N ot much cotton is coming in. W e
have had rain on one day of the week, the rainfall being
thirty-nine hundredths of an inch. Average thermometer
45, highest 65 and lowest 29.
Memphis, Tennessee.—There has been rain on one day of
the week, the precipitation reaching thirteen hundredths of
an inch. The thermometer has averaged 46’6, the highest
being 62 and the lowest 33'2.
Mobile, Alabama.—W e have had rain on two days during
the week, to the extent of six inches and fifty-five hun­
dredths. The thermometer has ranged from 33 to 67, aver­
aging 50.
Montgomery, Alabama.—The Alabama River and its tribu­
taries overflowed lowlands but the water has been falling
since yesterday. Rain has fallen on four days of the week,
the rainfall being five inches and thirty-nine hundredths.
Average thermometer 49, highest 67 and lowest 32.
Selma, Alabam a— There has been rain on three days during
the week, to the extent of three inches and seventy-four
hundredths. The thermometer has averaged 45, the highest
being 67 and the lowest 29.
Madison, Florida.—W e have had rain on one day during
the week, to the extent of eighty hundredths of an inch.
The thermometer has averaged 52, ranging from 34 to 68.
Augusta, Georgia.—There has been rain on three days
during the week, to the extent of two inches and twenty-six
hundredths. The thermometer has ranged from 31 to 63,
averaging 49.
Bavannah, Georgia.—Rain has fallen on two days of the
week, to the extent of four hundredths of an inch. Average
thermometer 54, highest 69, lowest 33.
Charleston, South Carolina.—There has been rain on six
days of the week, the precipitation being fifty seven hund­
redths of an inch. Thermometer has averaged 52, highest
being 68 and lowest 34.
Stateburg, South Carolina.—It has rained on four days of
the week, the precipitation reaching three inches and nine­
teen hundredths. The thermometer has averaged 48'2,
ranging from 30 to 65. December rainfall five inches and
thirty one hundredths.

THE CHRONICLE

56

Charlotte, North Carolina.— We have had rain on two days
o f the past week, the rainfall being two inches and seventysis, hundredths The thermometer has averaged 48, ranging
from 29 to 62.
Mango ester Ma r k e t ,—Our report received by cable
to-night from Manchester states that the market is quiet
for both yarns and shirtings. Spinners are considered to be
wall under contract. We give the prices for to-day below
and leave chose for previous weeks of this and last year for
comparison.
1900-01.
1901-02
32* O o p ,
fio \ »t .

d.

d.

8% I** . N A lri O ott’n
in g t, co m m o n M id .
UpldM
to fi n e s t.
a. d.

s.

d.

M2* Oop.
T w is t.

d.

d.

8% IS *. S h i r t
u iy s , c o m m o n
to fi n e s t .

d.

8.

d.

8.

O ott’n
M id
U p ld t

d.

[V01j. LXXIV,

Mon. Tuei,
Sat.
Wed. 'JPliars. B-rl,
O
28 D e c . S D e e , 81 J a n . 1. J a n . 2. J a n . 3.
<
4
•
12% 1 12% 4 12% 4
12% 4
.
.
P. M r.M. P.M P.M p. m. P.M
L
.
P. M P. It.
,
a
d
d.
a.
d.
a.
d.
d.
d.
*
O
December .. 4 34 4 33 4 33 4 32 4 S
4 29 4 28
Dec.-Jan.... 4 3 3 4 32 4 82 4 3! 4 29 4 29
W
H
4 28 4 28
Jan.-Feb__ 4 33 4 81 4 31 4 80 4 28 429
O
O
4 23 4 28
Feb.-Moh.. 4 33 4 31 4 31 4 80 4 28 4 28
§
4 28 4 28
Mch -Apr.. 4 38 4 81 4 31 4 30 4 28 4 28
§
■
1
O4
April-May... 4 33 4 3 4 81 4 S 28 4 28
4 28 4 28
$
1
4 29 4 23
May- J
une... 4 83 4 31 4 32 4 3 4 28 4 29
1
June-July... 4 32 4 SI 4 32 4 3 4 28 4 29
4 29 4 28
*
1
July-sag... 1 33 4 31 4 82 4 31 4 28 4 29
4 29 4 28
♦
a
4 2 :4 24
6
•
Aug.-Sept-., 4 28 4 27 4 27 4 27 4 25 4 25
a
Sept,-Oct...
....
Oct .Nov....
D ec .

A.

5%
BREADSTUFFS.
0%®7 9 4 1 1 3 a 8% 09% 5 6 08 0
1%»7 10% 4% 8% ®9% 5 6 «8 0
5°10
F r id a y , Jan. 8, 1902
419*2 8% 09% 5 5 07 11
5%
2 0711
Only a limited amount of business has been transacted in
5%
2 »7 It
419.32 8% 09% 5 5 08 0
51633
the market for wheat flour, but prices have been well main
ft 6 08 0
2 *.,;
2 07 1
1 4 1 8%
n
1%»7 10% 41%a 8% 09% 5 5 % » 8 1% 5l73 tained, It is understood that local buyers in many instances
Bhippinq fla w s.— A s shown on a previous page, the have their wants fairly well protected for the present, which
exports of cotton from the United States the past week have explains their indifference. Offerings of Kansas and winter
reached 209,294 Dales, The shipments In detail, as made up wheat straights have been moderate, and they have ruled
firmer than spring-wheat flour and have also received rela­
from mail and telegraphic returns, are as follow s;
Total hale*. tively more attention from buyers. City mills have been
N ix York— Liverpool, per steamers Bohemian, 4,850....
To
quiet but steady. Rye fl our has been in better demand dur­
18,508 ing the latter part of the week, and has sold at steady prices.
Cedie, 18,058..............................................
To Hall, per steamer Toronto, 500...............................
500 Buckwheat flour has held steady. The demand for corn
To Glasgow, per steamer Furnessia, 40 Sea Island...........
40
To Bremen, per steamers Barbarossa, 2,955................... 2,965 meal has been quiet but prices have been well maintained.
To Hamburg, per steamer Phoenicia, 25...... .................
25
Speculation in wheat for future delivery has' been on a
To Genoa, per steamers Hohenzollern, 1,318....Liguria,
100__ Trojan Prince, 1,0^2............. ...................... 2,440 limited scale only, but the tendency of prices has been to­
To Naples, per steamer Hohenzollern, 248...,.Liguria, 200 448 wards a slightly better basis. A t the close, however, of last
287 week, there was a temporary decline in prices under more
To Venice, per steamer Pocahontas, 287......................
To Tileste, per steamer Pocahontas, 200.............. .
200 aggressive bear selling and some profit-taking by longs in
New Orleans- T o Liverpool—
Dec. 28—
Steamer Collegian,
19,476 Jan. 3—Steamer Oapella, 7,300................... 26,776 anticipation of bearish statistical developments. A large
movement of the crop in the Northwest also had its influence
To Havre-Deo. 31—
steamers Arnboto, 7,600; Otanez,
8,242..........................
15,842 against values. During the remainder of the week under re­
To Bremen—
Deo. 31—
Steamer Menantic, 7,900.............. 7,900 view prices gradually improved. A factor that received
To Hamburg—
Dec. 28—
Steamer Alesia, 1,928................. 1,928
To Barcelona Deo. 30—
Steamer Juan Forgas, 5,836....... 5,836 considerable attention was the continued light move­
To Genoa—
Deo. 31—
Steamer Citta di Palermo, 8,439 ...... 8,439 ment of the winter-wheat crop, which was consid­
Galveston— Liverpool—
To
Dec. 31—
Steamers Aimerlan,7,494;
Imanm. 10.877......................................
18,371 ered by many as giving additional weight to the
claim that there was a large quantity of wheat being used
To Havre—
Deo. 27—
Steamer Nordpol, 12,154 .. Deo. 31Steamer Gadiiano, 6,040.......................................... 18,194 in the Southwest for cattle feeding. Early in the week
To Hamburg—
Deo. 26—
Steamer Londesborough, 2,992___ 2,992 mild weather was quite generally reported from the interior.
Sabine Pass— Liverpool-Dec. 31—
To
Str. Wastwater, 4,545.. 4,645 Subsequently, however, there was a drop in the temperature,
To Bremen-Deo. 27—
Steamer Ester, 8,700............ .
8 0
,7<
Pensacola— Bremen—
To
Deo. 31-Steamer Neptnno, 3,425... 3,425 much colder weather being reported from the Northwest.
To Genoa—
Deo. 31-Steamer Ida, 2,200.................. ...... 2,200 Many reports were received from the winter-wheat belt com­
Brunswick— Liverpool—
To
Deo. 31— Cayo Romano, 4,638 4,638
Str.
To Manchester—
Dec. 31 Steamer Cayo Romano, 3,046__ 3,046 plaining of lack of snow-covering for the crop.

6% 07% 5
5
Deo. 6
“ 1
37 -07% 5
« 20 ?
07% 5
" 27 7 x 0713m 5
10
Jail 37 ®7% 6
N v.2 9

fliS i a ® 7 %

To Havre—
Deo. 30 - Steamer Brattlngsborg, 1,531......... 1,531
6,199
To Havre- Dec. 30—
Steamer Brattlngsborg. 6,199...... .
Chard* ston— o Liverpool—
T
Dec. 31—
Steamer Miramar, 3,720 3,720
To Barcelona—
Deo. 26—
steamer Cairnmore, 5,476....... . 5,476
Wilmington— Llverpool--Dec. 27—
To
Steamer Toiosa, 11,184 11,184
To Bremen—
Deo. 28—
Steamer Rlftswood, 5,903............. 5,903
Norfolk— Liverpool—
To
Dec. 31—
Steamer Lugano, 2,765__ 2,765
Newport News— o Liverpool—
T
Dec. 31—
Steamer Kanawha,
(additional) 773............... ..................................
773
Boston— Liverpool—
To
Dec, 27—
Steamers Irishman. 1,843;
Ivemia,432; Sahoem, 231 Deo. 31—
Steamer Sylvania,
878..................... -............................................ 3,384
Baltimore— Liverpool—
To
Dec. 27—
Steamer Indore, 1,879__ 1,879
P ortland, Me.— Liverpool—
To
Deo. 28—
Steamer Dominion,
452......... ....................... .
................... .
452
San Francisco— Japan—
To
Dec. 28—
Steamer Coptic. 1,243... 1,243
Portland, Ore.— o Japan—
T
Dec. 27—
Steamer Knight Com­
panion, 2,250................................ ....................... 2,250
Tacoma— Japan—
To
Dec. 31—
Steamer Braemar, 4,300......... 4,300
Total........ ........................................ ..............

209,294

L iv e r p o o l .—By cable from Liverpool we have the fo llo w ­
ing statement of the week’s sales, stocks. &c.. at that port.
D ec.

Sales of the week....... bales.
Of which exporters took...
Of which speculators took.
Sales American......... .
Actual export-............ .
Forwarded....,,
Total stook—
Estimated.......
Of which American—
Est’d.
Total import of the week.....
Of wMeh American.........
Amount afloat............... .
Of which American.........

6

56,000
1,000
2 ,10 0

48,000
7,000
82,000
548,000
473,000
142,000
125,000
370,000
332,000

13
51,000

D ec.

1,000
1,0 0 0

Dee,

20.

59,000
2 ,10 0
8,000

42,000

50,000

71,000
594,000
509,000
127,000
99,000
403,000
373,000

620,000
555,000
116,000
116,000
404,000
353,000

10,000

8,000
88,000

Jan.

3

66,000

2,600
300
60,000
14.000
116,000
828,000
741,000
338.000
285 000
817,000
281,000

The tone o f the Liverpool market for spots and futures
each day o f the week ending Jan. 3 and the daily closing
prices of spot cotton, have been as follows,
Spot

S a t day

Market, )
12:80 p. m.J

B asier.

Mid. UpPds.
Sales........
Spec. &exp.

419S
2
5,000
300

M o n d a y . T u e s d a y . W e d /d a y . T h u r s d ’y

F a ir
businesg
doing.

Basier,

4 18 3 3

10 ,0 0 0

!

k
0
£
P
*
&
v*

I
O
p*
S’
*!
<

4®
m

12 ,0 0 0

a
a

500

500

F u tu res.

Market \
opened. 5

Q u iet at. Q u iet at
1-64 @ 2-6-1 2-64 a d ­
decline.
vance.

Market, l
4 P. m. 5

B r’ly » t ’dy Q uiet a t Steady at
S@0% PtB. .
1 PL 1%@2 pta.
decline.
declin e.
d eclin e

E asy at
3-64 d e­
cline.

F rid a y .

M o d era te
business

4i%a

j
1

8,000

500

DAILY C SIN PRICES OP N . 2 BED WINTER W
LO G
O
HEAT IN NB W YO R K ,
S a t.

The prices of futures at Liverpool for each day are given
below, Prices are on the basis o f Uplands, Q-ood Ordinary
clause, unless otherwise stated,

lu e s .

W ed .

T h u rt.

Sat.

M on.

T u es,

W ed .

T h u rt.

Jan. delivery in elev..... 77%
May delivery in elev..... 81%
July delivery in elev.... 81%

F rt.

78%
82%
81%

78%
78%
82% Holiday. 82%
82%
81%

F ri.

78%
82%
82%

Indian corn futures have been quiet, but, reflecting the
steadiness shown by the wheat market, prices have been
fairly well maintained. The statistical developments reported
at the opening of the current week were of a bearish char­
acter. The world’s exports to Europe, which amounted to
6,110,000 bushels, showed that 3 383,000 bushels had been
shipped from Danubian and Russian ports. Advices from the
interior have reported a fair movement of the crop, and it is
claimed that in the surplus sections the high prices now
ruling are drawing out corn. The continued increasing
movement of the crop is having a tendency to shake the con­
fidence of the bull interest; furthermore, reports from pri­
mary points have been to the effect that the demand is fall­
ing off. Business in the spot market at the seaboard has
been quiet and prices have followed futures. T© day the
market was quiet but steady. The spot market was dull.

DAILY C SIN PRICES O N . 2 M
LO G
P O
IXED C R IN NEW fO R K .
ON
Sat.

Mon.

Tues,

W ed .

T h u rt.

F ri.

71 71%
lash com f. o. b..------ 70% 70% 70%
lay delivery in elev*.... 70% 70% 7o% Holiday. 70% 70%
69%
' 69% 70%
uly delivery in eiev.....
DAILY C SIN PRICES O N . 2 M
LO G
P O
IXED C R IN CHICAGO,
ON
CSS
M on.
Tnes.
W ed .
Thun.
F r i,
Sat.
63% 63%
an. delivery in elev..... 63% 63% 63%
lay delivery in ©lev..... 60 % 66 % 68 % Holiday. 66 % 66 %
66
66
uly __ ________ _____ 65% 66 % 65%
delivery in elev..... ___
Oats for future delivery at the western market have been
loderately active and prices have advanced. The outs land*
ig long interest in the May option, which is understood to be
irgely controlled by one interest, has a tendency to make a
ery nervous and sensitive market. The movement o f the
rop has continued moderately full, but witii a steady
emand offerings have been fairly well absorbed. Locally
ue spot market has been fairly active and steady. To-day
ie market held steady. The local spot market was fairly

Q u iet a t
1-04 d e .
clin e.
Q uiet at
H@1 pt.
decline.

M on.

89% 89%
O wheat f. 0 . b..____ 88% 88% 83%
ash
88%
87%
Maroh delivery in elev... 87% 88
.
May delivery in elev..... 86% 87% 87 Holiday. 87% 87%
87
87
July delivery in elev..... 86% 85% 86%
DAILY C SIN PRICES O N . 2 SPRING W
LO G
P O
HEAT IN CHICAGO.

D A IL Y CLOSING PRICES OP OATS IN N E W

mt-

M on.

T u a i.

52
2 mixed in elev...... 51% 52
54
So. 2 white in elev...... 54% 54
DAILY C SIN PRICES O N . 2 M IXED OATS
LO G
P O

tt a.

S a t.

Jan, delivery in elev,.., .....
May delivery in elev..., 45
July delivery in elev..... 38%

M on.

fw t.

Y O B «...

W
ed. t h u r t .
HoiMav 54%
Holiday.
IN C H I C A G O ,
W ed .

, ................
45%
45% H o lid a y

39%

39%

Fri.
53%

D
O

t h * ir e .

IPV4.

45%
46%

46%

89%

45%

THF OHRONTOLF.

January 4, 1902

I n store a t —

F L O U R .

Patent, winter__ $3 85 ©4 15
Nominal.
Olty mills, patent. 4 25 ©4 75
2 75 ®2 80
_
S u p e r f i n e , -----------------Rye flour.superfine 3 25 ©3 75
« 3 00
Extra, No. 2 ...... 2 90
Buokwheat flour.. 2 25 ©2 30
Extra, No.
8 10 ©3 30
Corn meal—
©3 50
0 1 e a r H ...* «M ja M a ,M
3 SO
Western, etc___ 8 70 ©3 75
Straights.....a. ... 3 85 ©4 00
Brandywine ....
8 80
Patent, spring,... 4 00
(meat^ttont to fwtosells at prtcesW o w those for barrels.)
F i n e ...... . .

O B A IM

Corn, per bush.—
o.
o
Western mixed........ <9 ©71 ^
No. 2 mixed........... 69»s»71ie
Western yellow____ 731
e©74'7
e
Western white........73H)»747
e
Rye, per bushwestern ......-------- 6930©723s
State and Jersey..... 71 ©72
Barley—Western........64 ©71
Feeding.................59 ©64

o.

o.

Nominal.
8638®88V3
87b
8©893
8
84^1©80‘s
61V»53>a
53is®59
52'*©531
*
54i* o 5 6

T h e m o v e m e n t o f b rea d s tu ffs to m a r k e t as in d ic a te d in the
sta tem en ts b e lo w is p re p a re d b y us fr o m fig u re s c o llected
by th e N e w Y o r k P ro d u o e E x c h a n g e . T h e re c e ip ts at
W e s te rn la k e an d r iv e r ports fo r th e w e e k en d in g D ee. 28
and sin ce A u g . 1, fo r ea ch o f th e la s t th r e e y e a rs h a v e b een ;

seeeipte a
t— flour.
sbis.ioei&a

Beristf.

O a ts.

C orn .

W h ea t.

B t i f h . O O l b s S u s h .B O l b s

B w «7 i.8 8 lb »

_ * »«■

B u » J » . 4 8 I f c j B w - 6 0 15

C h i s a g o ............

3 1 4 ,0 8 1

3 0 0 ,9 2 5

8 0 4 ,2 3 7

1 ,1 1 7 ,9 0 0

4 4 0 ,7 5 0

1 0 0 ,6 0 0

Milwaukee..

2 3 ,0 5 0

1 7 1 ,2 0 0

3 8 ,9 5 0

1 4 8 .0 0 0

191,900
9,851

3 6 .2 0 0

D u l u t h ...........

6 8 0 ,1 8 5

M in n e a p o lis .

2 ,1 2 4 ,0 5 0

2 3 0 ,1 1 0

1 3 9 ,6 5 0

1 0 ,3 5 2

T o l e d o ..............

900

3 1 ,3 7 7

1 2 7 ,6 8 1

5 ,0 0 0

2 9 ,6 7 8

6 5 ,3 9 1

6 3 ,7 5 6

O le r e la n d ...

1 1 ,5 2 0

1 9 ,4 4 0

S t. L o u is

5 4 ,1 3 5

1 3 5 ,0 0 8

1 0 .4 2 0

2 2 ,3 9 9

D e t r o i t ............

2 4 ,6 4 0

7 ,0 0
90

....

4 ,0 0 0

7 4 ,2 3 1

9 8 ,f 0 5

780,e00

3 3 3 ,6 0 0

2 7 ,7 6 0

7 ,5 0 0

4 1 9 ,6 0 0

221.000

0 9 ,0 0 0

4 ,3 0 0

26.660

3 3 .8 0 0
2 0 0 ,8 0 0

8 1 1 ,2 0 0

1 3 1 ,0 0 0

T o t.w k .1 9 0 1

4 3 4 ,9 2 0

3 ,7 9 2 ,1 6 9

3 ,3 2 2 ,6 7 4

2 ,2 6 4 ,8 8 7

3 4 8 ,9 3 5

8,629,281

6 ,0 4 3 ,7 5 9

8 ,2 6 0 ,0 1 0

808,951
905,200

1 9 8 ,4 8 0

S a m e w k . ’O O .
S a m e w k . ’e a .

2 9 8 ,5 2 0

3 ,0 6 6 ,9 8 1

3 ,4 1 1 ,0 2 8

2 ,5 0 9 ,1 6 8

9 3 7 ,4 4 0

9 8 ,6 6 4

1 0 ,0 9 3 ,5 I S

P e o r i a ..............
X an sss

City.

9 6 .4 0 8

a i * e * A .u s . 1 .
1 5 3 ,9 3 7 .9 4 6

6 2 ,5 8 1 ,8 9 5

7 2 ,0 1 2 ,9 0 7

2 9 ,0 9 8 ,1 0 0

3 ,4 1 4 ,1 4 5

1 9 0 0 ..............

8 ,7 1 7 ,9 2 3 1 3 2 .3 0 0 ,8 5 3

9 1 ,0 2 6 .9 6 7

7 7 .7 2 2 ,7 7 8

2 ,7 2 4 ,3 0 6

1899 ........

8 ,8 1 1 ,4 1 7

1 2 3 ,4 3 1 .9 3 7

9 8 .5 7 2 ,3 9 7

8 0 .8 4 0 .2 3 2

28,169,566
24,135.890

1 9 0 1 ..............

3 ,6 4 3 5 7 0

T h e receip ts o f flo u r
the w e e k en ded D ec. 28, 1901, fo llo w :
S to u r.
D e ts ip ts s t —
f l e w Y o r k , ...................
B o s t o n . . ........... .................

b b it .
K 7 .2 8 8
4 2 ,3 7 7

o n t r e a l , . , ................. —
h i l a d e l p h i a , ................
a l t i m o r e ........................
l e h m o n d ................... .. ■

3 .0 1 8
5 3 ,1 0 8
6 5 ,2 5 7
3 ,2 5 2

f l e w O r l e a n s * , , ............
N e w p o r t N e w s .............

2 7 ,7 1 5
8 7 ,1 7 3

P o r t l a n d , M e ..................

4 ,6 4 1

M
P
B
B

SalTeston.....................

S t . J o h n . N . B „ ............
T o t a l w e e k ..............
W e e k 1 9 0 0 ........................

1 0 ,6 1 9
8 8 4 ,3 3 4
3 4 0 ,5 1 4

W h ea t,

bush

C orn

b u lk .

C a t*,

■B p *.

B s r ls v

bu sh .
4 1 1 ,0 0 0
1 6 3 ,5 1 8
1 4 ,1 7 8

377,150

88,000

4 1 7 ,8 1 3

7 0 ,4 3 8

1 4 3 ,0 2 3

1 0 0 *2 4 8

43,675

1 3 2 ,0 0 7
1 4 ,9 9 8
2 0 8 ,0 0 0

1 4 0 ,6 7 3
3 0 ,4 8 8

1 3 ,7 4 0

82,000
32.300
96,388

8,010
8 ,5 0 0
1 0 .4 0 0

9 ,2 0 6
2 ,5 0 0

2.307,257

40 4
5 ,3 0
6 ,2 5 0 .0 1 0

7 1 0 ,1 1 4

9 8 ,9 1 0

7 7 0 .5 8 9

210,112

T o t a l receip ts a t ports fr o m Jan. 1 to D ee, 28 co m p a re as
fo llo w s fo r fo u r years:
R e c e ip ts o f —

--------- .
1901

■

--------- .
1900
2 1 ,8 0 0 ,0 0 8

21 1001

THE

--------- .
1899

1 8 7 ,0 0 0

4 8 8 ,0 0 0

2 6 4 .0 0 0

8 7 8 00*6
4 3 .0 0 0

06 nno

100.000

622,000

1 7 9 .0 0 0
4 0 ,0 0 0

112,000

8,000

5.200.000
6.690.000
9.803.000
6 094,000
6.829.000

1 1 .2 5 2 .0 0 0
1 1 .1 8 1 .0 0 0
0 ,0 6 4 ,0 0 0
1 1 .5 9 8 .0 0 0
1 9 .1 8 6 .0 0 0

Y

GO O DS
o

r

bush .

liaiooo

3 ,0 0 0

197,006

2 0 7 ,0 0 0
4 8 ,0 0 0

DRY
w

1 8 0 .0 0 0

012.000

68,048,000
68,805.000
01,409.000
68,2wl 000
20,898,960

e

1 7 1 ,0 0 0

3 9 9 .0 0 0

^ 7 6 9 ,0 0 0

N

k

,

F

r

i d

a

y

2 4 ,0 0 0

1,000
3 7 .0 0 0

6 0 ,0 0 0

2 .4 8 1 .0 0 0

2 .4 5 8 .0 0 0

2 ,5 » .000

2.040.000
2,002 000

1,202 000
1 203 000
1 .2 9 8 .0 0 0

2 .4 5 0 .0 0 0
3 .0 0 2 .0 0 0

TRADE.
,

P . M ., Jan . 3, 1902.

T h e re has been lit t le ch a n ge in the m a rk e t d u rin g th e past
w eek, th e usual h o lid a y influ ences in te r fe r in g w ith business
and k eep in g th e m a rk e t in a v e r y q u iet state th ro u g h o u t.
T h e y e a r opens, h o w e v e r, w ith co n d itio n s fa v o r a b le to the
s e llin g end in n e a rly e v e r y d irectio n and in m a rk ed co n trast
to those p r e v a ilin g at th e b e g in n in g o f la st ye a r. I a both
co tto n and w oo len good s th e re is an u n u su a lly sm all stock
o f unsold good s in first hands, and fo r w a r d business has been
booked to a co n sid era b le ex ten t, p u ttin g th e m a jo r it y o f
m ills in an in depen den t p o sition fo r som e tim e to com e, even
should b u yin g p ro v e b u t m o d erate. T h e p rices o f finished
produ cts are a t th e best d e c id ed ly reason able in com p a rison
w ith the cost o f r a w m a teria l, w h ile in a n u m b er o f d ir e c ­
tions th ey are b e lo w w h a t goods cou ld be m a n u fa ctu red at
i f r a w supplies h ad to be b o u gh t to day. Business at second
hands has so fa r been on a lib e r a l scale f o r the s p rin g season,
and th e o u tlo o k is re ga rd e d as h ig h ly p ro m is in g fo r a la r g e
business d u rin g th e e a rly m on th s o f th e n e w year.
D o m e s t i c
C o t t o n
G o o d s . — T h e e x p o rts o f
c o tto n goods
fr o m th is p o r t f o r th e w e e k e n d in g D ec. 30 w e r e 3,462
packages, v a lu e d a t f 191,883, t h e ir d e s tin a t io n b e in g to the
p oin ts s p e c ifie d in t h e t a b le s b e l o w :

New Y ork

to

7 0 .4 0 0

1 0 0 ,4 2 5
1 ,6 2 5 ,0 8 7

28, 1901..
.
..
29, 1900..
30, 1890..
81,1808..

b u th .

3 9 ,8 1 9
2 8 ,4 7 8

1 0 .6 L 0

D ec.
Doo.
DOO.
Deo.
D eo.

136.000

7 7 .0 0 0
5 6 .0 0 0

8 7 9 .0 0 0

0 ,0 4 0 ,o n "

P e o r ia .........................
619,000
Indian apolis..............
297,000
<n M ississippi R i v e r .................
>n L a k e s ......................................
)n oanal and r iv e r . ..
40,000
T o ta l
to ta l
Total
T o ta l
T o ta l

JJarlr.y

4 ,9 0 6 ,0 0 0

611,000
Do
a flo a t........
M in neapolis............... 14.479, mo
Jt L o u is ....................... 8,231,000
Do
a flo a t................. .
K a n s a s O l t y ....................

liv e ,
bu th .
0 7 7 ,0 ..

C orn ,
bush .

bush

Jaioago....................... 6.870.
417,000
Do
a flo a t........
816.oou
M ilw a u k ee.................
Do
a flo a t...........................
r t . W l l l ’ m A P t.A r th u r 2,046,000
O u l n t h ..................................

O a ts ,
hush.
0 4 3 ,0 0 0

'7 ,6 0
0 *0

W h ea t,

Following are the closing quotations:

Wheat, per bush —
Hard Duluth, N> 1
N’thern Dul., No.l
Red winter, No. 8
Hard N. Y. No. 2.
Oats—Mix'd, p. bush.
White...............
No. 2inlx#d........
No. 2 White......

57

Dec. 30

1901.

1900.

,
Week. Since Jan. 1. Week. Since Jan. 1

Great Britain..............
5
Other European............
106
____
Ollin&.ao* D..IS1
n
asaao
India.........................
255
Arabia........ .
37
Alrioa.......................
726
West Indies.................
32
Q O lO osaaav te *ao >sa* 0 X
dX O
os a
H i
49
Central America............
South America.............. 2,010
242
Other Countries........... .

4,190
1,726
94,806
7,083
41,767
9,952
24,159
2,023
6,203
55,218
10,836

57
1,410
368
418
58
149
673
24

2,611
1,584
140,955
12,948
29,643
5,306
31,015
3,173
12,023
47,038
8,949

3,462

257,963

8,238

295,245

Total...... .

69,
12

.....

1898.

2 1 ,6 8 3 ,8 5 9

2 1 ,9 7 9 ,8 8 3

1 1 5 ,2 7 2 ,3 9 1
2 0 1 ,8 4 8 ,3 0 7

1 4 2 ,1 0 0 ,8 3 0
2 0 5 .1 6 7 .1 0 4

T h e v a lu e o f th e N e w Y o r k e x p o r t s f o r th e y e a r has
been |11,237,946 in 1901, a g a in s t $13,346,880 in 1900.
1 8 8 ,9 0 0 ,1 9 1
T h e h om e d em an d fo r h e a v y b ro w n sh eetin gs and d rills
9 2 ,0 i 8 8 2 2
7 0 ,8 6 8 ,5 1 1
9 3 ,9 0 4 ,1 1 1
*
7 1 ,2 0 6 ,7 9 3
Oats.......... .
0 ,2 4 9 ,4 4 3
1 0 ,5 0 3 ,0 7 0
1 4 ,6 0 8 ,0 7 4
has been on a lim ite d scale o n ly , b u t th e business done has
B a r l e y ........................
1 5 ,3 0 8 ,0 8 3
"
3 ,6 8 2 ,4 1 8
2 ,8 2 3 ,2 4 0
5 ,7 8 0 ,6 8 0
R y e . ................................. . .
been a t fu lly p reviou s prices. E x p o rte rs are s till b id d in g fo r
4 8 0 ,9 0 3 ,7 3 2
T o ta l m a in ...
3 7 9 ,8 6 5 ,1 8 1
4 3 0 ,4 6 9 ,0 0 9
fa ir qu an tities on C n in a
accou nt, b u t secure lim ite d
T h e ex p o rts fr o m the se v e ra l seaboard p orts fo r th e w eek qu an tities o n ly , a lth o u gh th e m a rg in b etw een b id and ask­
in g prices is as a ru le close. In b leach ed cotton s prices are
en d in g D ec. 28, 1901, are sh ow n in th e an n exed s ta te m e n t:
w ith o u t ch ange, b u t h a v e an u p w a rd ten d en cy in m ed iu m
.B a r it s
W heat
C orn ,
flo u r ,
Peas,
O ats,
R v «.
bush.
E x p o r t * fr o m — b u th .
bu sh .
b b ls .
bu sh .
bush.
bush.
and fin e grades. W id e sh eetin gs are d u ll b n t firm . C o tton
R a w Y o r k .........
2 4 8 .7 0 4
2 4 ,1 4 0
7 9 847
2 ,1 0 1
3 5 0 ,0 8 8
flannels and blan k ets a re in lim ite d requ est a t p revio u s
B o s t o n .................
4 0 8 ,9 0 0
8 8 ,8 1 8
1 8 ,4 0 8
P o r tla n d , M e .
9 6 .5 0 0
4 ,8 4 1
................
3 3 ,3 3 8
9 ,2 0 0
prices.
C otton ducks a re v e r y firm , w ith m o d era te sales.
P h ila d e lp h ia ..
2 0 3 .0 0 0
4 8 ,8 6 7
4 6 ,7 0 0
D en im s con tin u e scarce in a ll w e ig h ts and v e r y firm , and in
400
B a l t i m o r e .........
1 2 1 ,9 1 0
1 4 1 .9 2 7
9 2 ,4 7 2
fle w O rle a n s ..
282 000
7 ,0 7 7
2 0 ,3 5 9
6 ,5 4 0
o th e r coarse, co lo red cotton s sellers a re reserved in fa c e o f a
R e w u 'r t N e w s
3 2 ,0 0 0
6 7 .1 7 3
q u iet dem and. Sales o f both stap le and fa n c y p rin ts h a v e
O a l r e s t o n .........
8 0 .0 0 0
8 ,3 9 0
9 t . J o n n .N .B .
1 0 0 ,4 2 6
1 0 ,5 0 9
2 ,5 0 0
1 8 ,2 3 5
been re s tric te d , b n t th e m a rk et is in g o o d con d ition . F in e
p rin ted sp e cia ltie s are w e ll sold ahead. A l l descrip tion s o f
T o t a l w e e k ..1 .6 8 9 ,3 1 4
3 0 5 ,7 1 4
8 4 5 ,5 5 0
8 7 1 ,8 1 4
2 ,5 0 0
5 3 ,9 7 4
S a m e t l m e ’0 0 . 1 , 0 . 3 0 2 3 3 ,3 3 9 ,4 8 1
1 4 1 ,6 1 3
2 0 8 ,4 5 9
4 2 ,1 3 9
2 8 ,7 2 7
4 3 ,7 0 6
gin gh a m s con tin u e scarce and th e ton e o f this d iv is io n is
T h e d estin ation o f these ex p o rts fo r the w e e k an d since stron g. T h e re has been n o ch an ge in p rin t cloths. R e g u la r s
J u ly 1, 1901, is as b e lo w :
a t 3c. h a v e ru led in a c tiv e , w ith a m o d era te business d o in g in
-F l o v / r .-W h e a t ,
-O o m ,n a rro w and w id e odds a t p revio u s p rices.
E x p o rts fo r
W eek
S in c e J u ly
W eek
S in c e J u l y
W eek
S in c e J u ly
sx sek a r u i s i n c e
D ec. 28
1 ,1 9 0 ],
D ec. 28
1, 1 9 0 1 .
D e c . 29
1, 1 9 0 1 .
W oolen G oods.—T h e re has been a fa llin g o ff in th e
J u l y 1 to —
b b ls .
b b ls .
bush .
bu sh .
bush .
bush .
v o lu m e o f business done in th is d ivis io n o f th e m a rk et since
U n it e d K in g d o m
2 3 2 ,1 5 4
6 ,2 8 0 ,1 8 9
9 ,7 8 7 ,1 3 8
1 0 2 ,2 2 7
1 .2 7 3 ,-0 3
8 8 ,1 9 7 ,6 1 7
C o n t i n e n t ................
6 0 ,6 0 2
8 ,8 1 6 ,1 9 5
1 , 5 8 6 , ', 0 0
8 0 8 ,2 0 7
1 7 4 ,6 7 0
4 7 ,0 0 3 ,3 8 9
last re p o rt, b n t th e v o lu m e has been f u lly up to th e a vera g e
674,060
9. A C . A m e rlo a .
1 3 ,0 3 3
5 0 1 ,6 9 1
145
4 8 ,0 6 0
fo r th e tim e o f ye a r. O ve rc o a tin g s h a v e aga in fig u red m ost
5 5 6 ,5 0 9
W e s t In d ie s ...,.
8 2 ,3 1 7
6 8 7 ,8 0 3
1 4 ,8 1 2
50
1 8 2 ,2 7 0
B r.N .A m
C o lo ’s
1 .7 8 2
8 7 ,3 0 7
1 2 ,7 0 0
p ro m in e n tly , and the dem and fo r these has ru n m a in ly to
O th e r c o u n trie s
6 ,2 1 1
1 0 8 ,3 4 7
7 ,2 4 4
1,200
1', 8 , 0 8 7
1 9 0 ,4 8 3
kerseys and O x fo r d greys. S om e lin es h a v e been w ith d r a w n
T o t a l ......................
3 4 5 ,5 6 9
8 .1 7 1 ,2 4 3
1 ,6 8 9 ,3 1 4
8 0 .2 9 9 ,4 9 3
8 0 6 ,7 1 4
2 0 ,0 3 2 ,8 0 9
in h e a v y w e ig h ts fo r n e x t fa ll, o w in g to th e e x te n t o f the
T o t a l 1 9 0 0 .............
1 4 1 .6 1 3
8 .2 2 4 .3 2 0
1 ,0 7 3 ,0 2 3
7 2 ,4 8 4 ,0 0 2 3 ,8 3 9 ,4 8 1
7 3 ,2 9 2 ,2 8 0
ord ers a lre a d y taken , and .some o p en in g p rices h a v e been
T h e v is ib le su pply o f gra in , co m p risin g th e stocks 1l a d van ced 5 per cent. In lig h t-w e ig h t su itin gs and tro u ser­
gran ary a t th e p rin cip a l points o f a ccu m u lation a t la k e and in gs m ost lin es o f staples h a v e been sold up, and in serges
seaboard ports, Dec. 28, 1901, w as as fo llo w s :
and plain w orsted fa b ric s p rices a re again st buyers. F in e
W h ea t,
C orn ,
O ats,
fia ris i
fiv e ,
fa n cy w orsted s are g e n e ra lly in g o o d con d ition . L o w -g r a d e
I n s to re a t —
hush.
bush.
bu sh .
bush.
bush .
f l e w Y o r k ...............
7 2 1 .o n o
fa b rics in co tto n -w a rp cassim eres and satinets are d n ll and
1 8 7 ,0 0 0
3 ,9 0 0 ,0 0 0
0 0 ,0 0 0
1 ,0 4 0 ,0 0 0
D o
a flo a t ..
1 2 ,0 0 0
w ith o u t special fea tu re.
P la in dress good s a re in q u ie t
9 3 ,0 0 0
6 1 1 ,0 0 0
1 ,1 0 8 ,0 0 0
dem and, b n t w e ll sold fo r sp rin g
T h ere has been lit t le done
4 ,0 0 0
39 ,u O </
.
9 0 2 000
8 4 ,0 0 0
B a l t i m o r e .........
..........
1 0 8 ,0 0 0
7 7 1 ,0 0 0
1 0 8 ,0 0 0
879/>o«
as y e t fo r n ex t fa ll season in these. F la n n e ls and blan k ets
N ew
O r le a n s .
.
o i l ,0 0 0
2 .0 0 0
are steady, b n t business is qu iet.
.
5 0 0 ,0 0 0
M o n t r e a l , , ...............
1 0 ,0 0 0
0 9 ,0 0 1
3 5 ,0 0 0
1 6 0 ,0 0 0
1 0 ,0 0 0
F oreign Dr y G oods- A l l dep artm en ts h ave ru led q u iet
T o r o n t o - ...................
8 1 .0 P C
1 5 ,0 0 0
a c f l a l o ................... ..
1 ,4 8 4 ,0 0 0
002 no"
3 2 ,0 0 0
0 .4 9 1 .0 0 0
),0 8 2 .0 0 0
in fo r e ig n m erchandise. D ress goods in fine sheer fa b rics
D o
a flo a t..
....
J13 000
2 ,8 0 6 ,0 0 0
1 8 2 ,0 0 0
T o le d o
,
a re w e ll sold and firm . S ilk s and rib bon s contin u e firm , w ith
2 5 3 ,0 0 0
7 5 4 ,0 0 0
8 3 0 ,0 0 0
0 1 0 ,0 0 0
D o
a flo a t..
su pport o f ra w m a terial. L in en s are d u ll but firm . B u rlap s
5 8 ,0 6 0
2 1 1 ,0 0 0
6 ,000
.
8 3 8 ,0 0 0
2 8 0 (io n
D o
a flo a t.
u n ch an ged in p ric e b u t sales sm all.
l o u r - ...........................

W h e a t ..........................
C o r n ...............................

1 0 0 ,7 7 0 ,1 5 4

58

THE CHKONIOLK.

Swi

Our 'B tfm w m r .

M U N IC IP A L BOND S A LE S I N DECEMBER.
O w in g to th e g r e a t p ressu re on o u r

c o lu m n s th is

w eek by reason of th e p u b lic a tio n o f o u r y e a r ly ta b les
a n d re v ie w , w e are o b lig e d

to d e fe r u n til n e x t w eek

th e usual m o n th ly ta b le o f b on d sales.

W e m a y say,

however, th a t th e sales f o r D e c e m b e r w ill a g g r e g a t e
a b o u t 15 m illio n s , n o t
p o rte d .

T h is

b r in g s

in c lu d in g

te m p o r a r y loan s r e ­

th e t o t a l fo r

th e y e a r 1901 to

131 millions.

Bond Calls and Redemptions.
Minneapolis, Minn.—Bond Call.—
-Joshua Rogers, City
Comptroller, calls for payment April 1, 1902, bonds Nos. 604
to 969, inclusive, aggregating $366,000. These bonds carry
i%% interest and are dated April 1, 1882. Payment will be
made at the United States Mortgage & Trust Co., New
York City.
The official notice o f this bond call will be found among
the advertisements elsewhere in this Department,

Bond Proposals and Negotiations

th is

week have been as follow s :
Athol School District No. 64, Kootenai County,’ Idaho.—
Bond Sale.—This district on December 28 sold a $1,000 6$ 10year gold bond to Thompson, Tenney & Crawford Co.,
Chicago, at 101'30. A bid of par was also received from the
Spokane & Eastern Trust Co. of Spokane. Interest will be
payable annually. Jos. L. Kuhl is District Clerk.
Atlanta, Ga.—Bond Sale.—Local reports state that of the
$418,000 8
gold refunding bonds offered but not sold on
Decembers $200,000 have been disposed of to the Atlanta
Home Insurance Co.
Auburn, Me.—Bond Sale.—On Deeembr 27, 1901, the $15,000 3y% 20-year refunding bonds were awarded to the Lew­
%
iston Trust & Safe Deposit Co. of Lewiston at 107*11—A in­
terest basis of about 3*024$. Following are the bids :
Lewiston Tr. & Safe Dep, Co....107*11
■W. J. H ayes & Sons, B oston___106-26
G. W . T r e a t...............................105*161
S .E . May & Co., Lewiston. .... 104*71
Swan & Barrett, P o rila n d .....,.104*43
Denison, P rio r & Co., B oston.. .104*29
Blodget, M erritt & Co.. B oston.104*03

I Geo. A. Female! & Co., Boston.,103'6S
R. L. Day & Co., B oston.... ...103-679
I Adams & Co.. Boston..................103*63
I Estabroofc & Co., B oston.. . . . . . .10ST6
|Jose, Parker & Co., Boston .....102*19
Blake Bros. & Co., B oston....... 102*08
I Mason & M errill P o rtla n d ......100*00

For description of bonds see Chronicle Dec, 21, p. 1325.
Barrett School District, Los Angeles County Cal.—Bond
Sale,—On Dec. 23, 1901, $4,500 6$ bonds were awarded to
D. S. De Van, Los Angeles, at 109*558. This was the only bid
received. Securities are in denomination of $500, and the
interest will be payable annually at the office of the County
Treasurer. Principal will mature $500 on January 10 of
each of the years 1907,1909,1911, 1913, 1915, 1917, 1919, 1921
and 1922.
Bayonne, N, J.—Bond Offering,—Proposals w ill be re­
ceived until 8 P. M., January 7, by the City Council, for
$56,000 4$ 30-year gold water bonds. Interest will be pay­
able January 1 and July 1. W. C. Hamilton is City Clerk.
Benton Harbor, Mich.—Bond Election.—An election will
be held January 7 to vote on jh e issuance of $75,000 streetpaving bonds.
Binghamton, N. ¥.—Bond Offering,—Proposals will be re­
ceived until 5 P. m ., January 21, by I. C. Hull, City Clerk,
for $50,000
registered Exchange Street bridge bonds.
Securities are in denomination of $5,000, dated Feb. 1, 1902.
Interest w ill be payable semi-annually at the office of the
City Treasurer, Principal will mature Aug. 1,1937. Either
cash, certified check or New York draft for 5% of the par
value of the bonds, and payable to the order of the abovenamed City Clerk, must accompany proposals.
Birmingham, Ala.—Rond Sale.—The $16,500 H 10-year
improvement bonds described in the Chronicle N ov. 23,
1901, have been taken by local banks.
Bowling Breen, Ohio.—Bond Offering.—Proposals will be
received until 12 m ., January 18, by the City Council, for
$6,500 4$ sewer assessment bonds. Securities are issued under
the authority of sections 2704, 2705 and 2706, Revised Statutes
of Ohio. They are in denomination of $500, dated Feb. 1,
1902. Interest will be payable March 1 and September 1.
Principal will mature $500 yearly on September 1 from Sept.
1, 1903, to Sept. 1, 1912, and $500 yearly on March 1 from
March 1, 1910, to March 1, 1912, inclusive. A certified check
for $100 must accompany bids. Purchaser will he required
to pay accrued interest. Alex. Williamson is City Clerk.
These are the bonds awarded on Nov. 30, 1901, to Rudolph
Kleybolte & Co., Cincinnati, at 100*861. The reason for the
re-sale we are not advised.
Broome County, N. ¥.—Temporary Loan.—This county
has borrowed $10,000 for thirty days at
interest.
Chester, 111.—Bond Sale.—This city has sold $15,000 4# re­
funding bonds to Whitaker & Co., St. Louis, at 100*50. Fol­
lowing bids were received:

[V ol . LXXIV.

Whitaker & Co., St. Lou is... .*15,076 00 |S. A . Kean, Ohleaao............. *16,037 60
It. J. K iuk & Co., St. L ou is... .16,160,00 I R. K le y b o lte & Co., Ciuein... 16,026 00

The bonds were at first awarded to R. L . K in g & Co., w ith
the understanding that the sale be consummated at once.
This not being done, the bonds w ere sold to the next highest
bidder. Securities are in denomination o f $1,000, dated
Jan. 1, 1902. Interest w ill be payable semi-annually at the
Continental National Bank o f St. Louis. Principal w ill ma­
ture Jan. 1, 1922, subject to call $5,000 after five years and
$10,000 after ten years,
Colton (Town), St. Lawrence County, N. Y.—Bond Sale.
- We are advised that the $12,000 bridge bonds mentioned in
last week’s Chronicle have already been sold.
Colum bia City, lu d .— Bond Offering—Proposals w ill be
received between the hours of one and four p. M., Jan. 13,
by the Common Council for $30,000
street improvement
bonds. Benjamin F. Menaugh is M ayor o f the city.
Columbus Grove, Ohio.—Bond Offering,—Proposals w ill
be received until 12 m , January 28, by Chas. K illen , V illa g e
Clerk, for $30,000 %%% 20-year w ater bonds. Securities are
in denomination o f $1,000, dated Feb. 1, 1902. Interest w ill
be payable March 1 and September 1 at the office o f the V il­
lage Treasurer. Bidders w ill be required to use the form o f
bid furnished by the V illage Clerk and a certified check for
5i o f the amount of the bonds bid for, drawn on one o f the
banks at Columbus G rove in fa vo r of the above-named V il­
lage Clerk, must accompany proposals. These bonds are
authorized by Sections 2835, 2836, 2837 and 2837a, Revised
Statutes of Ohio. Bidders w ill also be required to furnish
blank bonds free o f charge.
Danbury, Conn.—R ids Rejected.—A ll bids received Dec.
27,1901, for the $275,000 bonds were rejected.
Darlington, S. ('.—Bond Offering.—Proposals w ill be re­
ceived until 12 m ., January 6, by W . M. Haynsworth, M ayor,
for $20,000 town-hall bonds. Securities are in denomination
of $1,000, dated Jan. 15, 1902. Interest w ill be payable semi­
annually. Principal w ill m ature June 15, 1912. A certified
check fo r $250 must accompany bids. The purchaser will be
required to furnish blank bonds. Th e bonded debt of the
tow n is $50,000 and the assessed valuation $1,100,000.
East Carroll P a rish , La. —Bond Sale.— We are advised
that the $16,500 5 gold court-house bonds fully described in
%
the Chronicle Oct. 12,1901, have been gold at private sale
at par to H arry H . Graham o f Illaw ara, La., the sale taking
place on N ov. 1,1901, the date of the bonds.
Fair Oaks School District, Sacramento County, Cal.—
Bond Sale— T $5,900 5 6-15 year (serial) gold bonds de­
he
%
scribed in the Chronicle Oct. 26, 1901, w ere sold on Dec. 20,
1901, to H , E Yardley o f Sacramento at 105*085.
F a ll R iv e r, Mass .—Bond Sale.—The $30,000 tyi% 10-year
bonds mentioned in last w eek’s Chronicle have been taken
by the Sinking Fund Commissioners on a basis o f 3*30$.
Farm in gton , M e .—Bond Sale.— The $42,000 5$ 30-year
bonds, issued fo r the purpose o f purchasing the plant o f the
Farm ington W a te r Co., were awarded on Dec. 28, 1901, to
the Franklin County Savings Bank o f Farm ington, at 125—
an interest basis o f about 3*626$, Securities are in ■
denomi­
nation o f $1,000, dated Jan. 1, 1902. Interest w ill be payable
semi-annually. The appraised price o f the w ater plant is
$52,000,

Fredericton (N. B.) fSchool District.—Dehmture Sale,

— The Trustees have sold an issue o f $4,000 H debentures
to local parties at par. These securities w ill run 25 years.
Greensboro, N. C.—Bid Rejected.—It has been reported in
some of the papers that this city has sold $20,000 o f the $130,000 5$ 30 year gold bonds, which have been on the market
for some months, to the Greensboro Loan & Trust Co. at
112*17. This, w e are advised, is incorrect. A bid as above
was received by the Board o f Alderm en, hut was rejected, as
it contained the stipulation that the bonds must carry the
January coupon. See Chronicle Dec. 21, p. 1836.
Hennessey, K in g fis h e r County, O k la .—Bond Offering.—
W e are advised that proposals w ill be received any tim e after
Jan. 1,1902, fo r $8,000 Q 10-30-year (optional) water-works
%
bonds. Securities are in denomination of $500.
Jersey Shore, P a .—Bond Offering,—Proposals w ill be re­
ceived until 12 M., January 15, by J. Frank Gray, fo r $11,000
%%% 10-30 year (optional) im provem ent bonds and $3,500
10 80-year (optional) refunding bonds. Securities w ill be
issued in denominations o f $500 and $1,000, all being dated
Jan. 1, 1902. Interest w ill be payable semi-annually at the
office o f the Jersey Shore Banking Co., Jersey Shore. W e
are inform ed by Mr. G ray that the borough has never de­
faulted in the payment o f principal or interest, and that the
legality o f these bonds is unquestioned. The total debt of
the borough w ill be represented by the above issues. The
assessed valuation is $742,000 and the real value about
$1 480 000.
Logan County, Ohio.— Bond Sale,—On Dec. 80, 1901, the
$11 000 H ditch bonds described in the C h r o n ic l e last week
w ere awarded to the People’s National Bank of Beliefom am e
Lynchbu rg, Yu,—Bond Sale.— O f the $100,000
80-year
bonds, proposals fo r which w ere asked for until Jan. 6,
$50,000 have been sold at par to parties not named. Propo­
sals fo r the rem aining $50,000 w ill be received in accordance
w ith the offering published in these columns last. week.
Lynn, Mass.—'Bond Sale.—The $75,000
80-year w ater
bonds mentioned in the Chronicle Dec, .0 have been sold
1
to R. L. Day & Co., Boston, at 106*187.
M cK in ley, Minn.-—Rond Offering. --Proposals w ill bo re­
ceived until January 15 by II. H, Salmon, V illa ge Recorder

THE CH kONICLE

January 4, 1902.]

for $1,460
water-works bonds. Securities were authorized
at an election held November 80, 1901. Interest will be pay­
able January 1 and July 1. Principal will mature one bond
of $500 on Jan. 1, 1904, one bond of $500 on Jan. 1, 1905, and
one bond of $400 on Jan. 1, 1900.
Madison, Lac Qui Parle County,Minn.— B ond O ffering.—
Proposals will be received until 10 a . m . Jan. 15, by the Village
Council at the Lac Qui Parle County Bank for $10,000 0%
20-yerr city hall and jail bonds. Securities were authorized
at an election held December 17, 1901. They are in denomi­
nation of $1,000. Interest will be payable annually. J. M.
Nikolai is President of the Council and James H. Chalmers
is Village Recorder.
Monroe County (P . O. Albion), Iowa.—B ond Sale .—On
Dec. 11, 1901, $11,000 4%% funding bonds were awarded to
Geo. M. Bechtel of Davenport at 10P95. Following are the
bids :
Geo. M.Bechte), Davenport..*11,215 00 I People’s Sav. Bank. Albla...*11,185 00
First Nat. Bank, Albia....... 11,205 00 1

Securities are dated Dec. 10, 1901, and will mature $4,000
on Dec. 10, 1908, $4,000 on Dec. 10, 1909, and $3,000 on Dec.
10, 1910.
Muskogee, Indian Territory.—B on d O ffe rin g — Proposals
w ill be received until 4 p . m . January 20, by the Mayor and
City Council, for $150,000 water and $25 0U0 sewer 39-year
bonds. Securities are dated Feb. 1, 1901, and the interest
w ill be payable semi annually. Bidders are requested to
make proposals based on bonds bearing 4%%, 5%and 0% interest.
A certified check for
of the amount or the bonds bid for,
payable to the City Treasurer, must accompany proposals.
The successful bidder will be required to pay accrued inter
est if any. Sam T. McMurry is City Recorder.
New London. Conn.— Bond O ffe rin g — Proposals will be
received until 8 p m , January 15, by John G. Stanton. M.D ,
President Board of School Visitors, for $35,000 3%% 30 year
school bonds. These bonds are part of an authorized issue
of $100,000 and are a direet city obligation. They are in
denomination of $1,000, dated Dec 1, 1901. Interest will be
payable June 1 and December 1 at the office of the City
Treasurer. Accrued interest is to be paid by purchaser.
Niagara Falls, N. Y .— W a r r a n t S a le — This city has sold
$12 816 5% paving warrants to Frank E. Johnson, at 100’50.

N E W LOANS.

TOWN OF WARWICK,R.I.,
BONDS.
PROPOSALS FOR
s£ 1 0 0 , 0 0 0

Three and One-Half Per Cent 30-Year
Gold Bonds.
Sealed proposals for Town of Warwick Bonds
addressed to J. B. Allen, Town Treasurer, in care
of Rhode Island Hospital Trust Company, Provl.
denee, R. I., will be received at tee office of the said
Trust Company, until 1 o’clock M., WEDNESDAY,
2
JANUARY 16, 1902, for the whole or any part of
the said oonds.
The bouts will be in coupon form of I,1 each,
000
dated January 1 1902, and become due January l,
,
1032. Interest will be paid semi-annually on the
first days of July and January in each year, at the
office of ihe Rhode island Hospital Trust Company,
Providence, R. I. Beth principal and Interest
payable in gold coin of the United States of the
present standard ol weight and fineness.
The above loan will be Issued In accordance with
a resoluti n of the Town of Warwick passed at a
meeting held September 3, 19 . and an Act of the
01
General Assembly passed on the 2uth day of Novem­
ber, 19ol.
These bonds are secured by sinning funds, as pro
video by Act of the GenerallAssembiy.
Theright is reserved to reject a y and all bids.
The valuation of tne taxable property of the town
In 1 0 was *15 -40,170.
01
Total Indebtedness, November, 1001, *366,500.
Bonds mast be taken and paid for within five days
(5) days after notice of acceptance of bid
Further information may be obtained from the
undersigned.
JOHN B. ALLEN,
Centreville. R. I.,
HUNKY I.. GKEENE,
Rlverpolnt. R. 1
.,
CHARLES H. PERKINS.
Providence R. I.,
ROBERT B TREAT,
.
Centreville, K. 1
..
ALBERT G. 8PRAGUE,
Rlverpolnt, K. 1
.,
Committee,
W E O F F E R . T O Y I E L D A B O U T 0*.

NEW

59

These warrants, we are advised, are issued for the purpose
ot paying contractors for amount of deferred payments due
on paving contract. They are in denomination of $1,424, and
were issued on Dec. 23, 1901. Principal will mature one
warrant each year on December 23 from 1902 to 1910 inclu­
sive, payment being made from assessments levied on the
property owners.
Norman County (I*. O. Ada). Minn.— Rond O ffering —Pro­
posals will be received until 2 P M., January 8, by the Board
of County Commissioners, at the office of E. J. Harringer,
County Auditor, for $3,000 5# ditch bonds. Securities are
dated Feb. 1, 1902, and will mature Feb. 1,1912 Interest
w ill be payable annually on February 1. A certified check
for 0% ot the face value of the bonds, drawn on some National
or State bank in favor of the County Treasurer must accom­
pany proposals. The purchasers will be required to tarnish
the blank bonds free of charge.
Palatka, Fla.—B on d E lection . —An election will be held
January 7 to vote on the question of issuing $175,000 5# 10 20year (optional) bonds as follows : $60,000 for water pur­
poses. $35,000 for sewers, $30,000 for street improvements
and $50,000 for refunding purposes. Securities, if author­
ized, will be issued in denominations of $500 and $1,000.
Interest will be payable semi-annually at the office of the
City Treasurer.
Plymouth County (P . O. Le Mars), Iowa . - B o n d Sale .—
On Dt-c. 17, 1901, $30,000 4 bonds were sold to the Farmers’
.%
Loan & Trust Co. of Remsen at It 0’ 166. Bids were*also re­
ceived from the Western Investment Co. of Le Mars, J. W.
Squires of Council Bluffs and from Rudolph Kleybolte &
Co . Cincinnati. Tne bonds will mature as follows : $12,000
on Drc. 1, 1902, $12,000 Dec. 1, 1903, and $6,000 December
1, 1904.
Rockland, Me.— Bond O ffering .—Proposals w ill be re­
ceived until 12 h ,, January 22, for $85,000 3}£M bonds Se­
curities are issued under the authority of Chapter 65, Laws
of 1887. They are in denomination of $500 and $1,000, dated
Feb. 1, 1902. Interest w ill be payable semi-annually and
the principal w ill mature Feb. 1, 1917.
Rome. N. Y .—B on a Sale.— A n issue of $1,663 85 3%% pav­
ing bonds has been awarded to the First National Bank of
R o m e at 101’20—an interest basis of about 3%.
Principal

LOANS

N E W LOANS.

S 7 5 ,O G O

BOND C A L L,

City of Montgomery, Ala., City of Minneapolis, Minn.
4 0 - Y E A R BONDS.
Sealed bids will be received by the City Treasurer
until 1vj o’ clock no -n. J a n u »ry 2 ll If*0i2, for
the purchase of seventy hve thousand dollars City
of Montgomery, Ala.. 40-year,
bonds, author
Ized by Act or Legislature 1001; deuomiuation of
*1,000 each. Interest to be paid semi-annually, Jan
nary ai d Julv, at the American Exchange Natonal
Bank, New- York. All bids to be accompanied by a
certified check for one thousand dollars. Coupons
receivable for taxes and licenses. The City reserves
the right to reject auy and all bids.
R. S. WILLIAMS,
City Treasurer.

N O T I C E T O B O N D H O LD E R S .

FERGUS CO, MONT.
Notice is hereby given that the County Treasurer
of Fergus County, State of Montana, will, within
thirty days of this date, redeem all outstanding
bonds ot said county of the issue of 18-2. Interest
ou said bonds will cease at the expiration of said
period.
Dated this 18th day of December, 1901.
By order of the Board of County Commissioners.
C M. KELLY.
.
County Clerk of Fergus Co., State of Montana.

M U N IC IPA L
AMD

Public Service Corporation
BONDS.
E. H. R O LLIN S & SONS
Denver.

TO WHOM IT MAY CONCERN;
Notice is hereby given that pursuant to resolution
duly adopted by the City Council of the City of Min­
neapolis, ou the 13th day of December, A. D. 1901,
tne said City of Minneapolis will, on the flr.t day
m April, a .D . i 90-.2, exercise its right and op­
l
tion to pay, and will pay, all r hose certain out tanding bonds of the City of Minneapolis, iss'ued and
sold pursuant to a resoluri m adopied by tne City
Council ou February 1 , 18 , approved February 20,
5 82
18 , to the amount of *366,00", numbered consecu­
82
tively from 604 to
both Nos. inclusive, bear­
ing date A prll 1. 18S-2, in denomination.'of *1,000
eacb. bearing interest at 4 M per cent i>er annum, and
payab e at tne option of the City of Minneapolis at
any nme niter 2 1 1 years and not longer than
30 leoi-M from the date of ihelrin.ue, which
said bonds are hereby called in, and the holders
thereof are hereby notified and required to present
the said oouds for payment to the United States
Mori gage & Trust Co., 9 Cedar Street, in the City of
New York, N. Y„ on the said 1st day of April. A. D.
1 '2, at which time said bondsand each thereof will
9
cease to bear interest.
JOSHUA ROGERS
City Comptroller.

$ 5 0 ,0 0 0
McLEAN COUNTY, IL L IN O IS ,
44 C o u r t H o u s e R e b u i l d i n g Bonds.

Dated November 1.1901. Denomination, *1,000 each.
*7,000 due November 1 1904.
,
26.000 due November 1,1905.
17.000 due November 1,1906.
Price yielding 3 4 per cent.
>
Assessed valuation..............................*19,309,778
Actnai valuation
........................... 96,648,890
Indebtedness, including this issue.........
828,900
Population, Census 1900, 67,843.
City of Bloomington is the county seat.
The entire bonaed debt of this county was created
to rebuild the Court House destroyed by fire about
two years since. McLean County is not only the
largest in the State, 1,166 square miles, hut Is one
of the most fertile and wealthy.
Legality of issue approved by Storey,Thorndike A
Palmer, Boston, Mass.

BOSTON.
San Francisco. J. F. W IL D

& CO., Bankers,
.

Indian apolis.

$300,000

Blodget, Merritt & Co.,

(T o t a l Is s u e , 8 1 ,0 0 0 ,0 0 0 )

BANKERS,

$ 4 6 5 ,0 0 0

Butte Electric & Power Co.

16 Congress Street, Boston.

AMERICAN HOME TELEPHONE CO.

B u tte , M ont.,
a

p e r cent 1st M o r t g a g e (Sinking Fund
B o ld Bonds.
Denomination,

Maturing 1 to 80 years.

■Rudolph Kleybolte & Co.
1 N A S S A U NT., N E W

Y O R K C IT Y ,

13 W a l l Street, N e w Y o r k .

STATE. CITY & RAILROAD RON HR.

WE

OWN

AND

OFFER

C o l l a t e r a l T r u s t G o l d Bonds.

Call or write for price and full Information.

Attractive b% Minnesota Honda

C. D. K N A P P , J R , & CO.,

Yielding an oxcoptlonul net return.
Write for full particulars.

D e a le rs In In v e s tm e n t S ecu rities,

H A R R Y B . P O W E L L , dc CO.,
W o o d s to c k . Verm ont.

BANKERS and
31 N a s s a u Street.
N E W Y O R K C IT Y .

1 5 3 L a S a l l e Street,
C H IC A G O .

THE CHRONICLE

60

will mature one-fourth yearly on January 1 from 1908 to
19(J6, inelnaive.
Snohomish County (l*. 0. Everett), Wash.—Bond Sale.—
The $185,000 10-20--year (optional) funding and the $115,000
10 20-year (optional) i>funding bonds, offered for sale on
December 10, were awarded to E. El, Rollins & Sons, Boston
and San Francisco, at 1 0 90 for 4 per cents. For description
(1
of bonds see C hronicle November 38, p. 1137.
Springfield, Ohio.—Bond, Ofering.—Proposals will be
received until 7:80 p M., January 21, by R. N. Lantz, City
Clerk, for $10,000 5 refunding water bonds. Securities
%
are in denomination of $1 000. dated Feb. 1, 1902, and the
interest will be payable March 1 and September l at the
office of the City Treasurer or at the Importers’ & Traders’
National Bark, N*-w York City. A certified check for
♦1,000 will be required with bids. B .nds are issued pursu­
ant to Section 3701, Revised Statutes of Ohio.
Storm Lake, Iowa.—Bond 8ale.°~Qeo. M. Bechtel of
Davenport has purchased $18,500 nonds issued for the pur
pose of refunding $14,500 5$ bonds and to take up $4,500 .artstanding warrants. The new bonds are in denomination of
$500, and the principal will mature one bond each six months,
beginning Jan, 1, 1904. Of the bonds, $8 500 will carry
interest and the remaining $10,000 i% interest. These oouds
represent the total bonded debt of the city.
Terre Haute, Infi.—Bend Sale.—The heft bid recemd
Dec. 28. 1901, for the $39,000 4% $10 20-year (optional) judg­
ment bonds was that of Trowbridge & Niver Co., Chicago,
at 105*16 and blank bonds. The bids received are as ITilo* s:
Trow bridge * N lvar Co.. Chi| Denison. P rior & Co., Cleve. .$10,892 30
oago...................
......$*41,011 00 |ft A. Kean, Chicago
........40,20120
Parkinson & Burr, B oston .... 4I,01H80 R. L. Day & Co., Boston....... 40.048 19
Blodget, Merritt .v Oo.. Boat. 41,0 860 K. K >eybolte & Oo.. Cinotn... 39.820 Oo
Beasomrood A Mayer, Ctnein *40,68c 52 |Geo. M. Brlnkerhoff.............. *39,8il 25
VV. J . Hayes ,fc Sons,Cleve....*10,685 00 Thompson, Tenney & Craw—
----I ford, New York.................. 39,805 00
* A nd blank bonds.

For description of bonds see Chronicle Dec. 21. p. 1328.
Urieh, Mo.—Bonds JSIot Yet Sold.—We are ao vised by
J. A Overbey, Mayor, that the $1,200 5# 5-20 year (optional)
bonds offered, but not sold, on Oct. 7, 1901, are still ior sale.
The Mayor may be addressed in the matter.
Valley Springs, S. Dab.—Bond Offering.—Proposals will
be received until Januarv 8 by W. C. G-ilmore, Town Clerk,

[V ol. LXXIV.

for $6,000
20-year bonds. Securities are issued under
authority of Section 4, Article 18 of the State Constitution
and of Chapter 52, Laws of 1899. They are in denominationof $500. Interest will be payable annually. The total debt
of the town, including the above issue, will be$9,700. Theaeseased valuation is $04,087 and the real value about $160,000.
The bonds were authorized by a vote of 47 to 17 at an election
held Oct. 15, 1901.
Verona (Town), Oneida County, N. V.—Bond Sale,—On
Dee. 27, 1901, $6,026 10 bonds were awarded to Isaac W, Sher­
rill of Poughkeepsie at 105 for 4 per cents. The following
bids, all based on 4% bonds, were received :
!• w . Sherrill, Poughkeepsie.... 106-00 I Oneida V a lley National Ba»k..l0G-0©
Laiupreeht Bros. Co„ C l e v e . - lOrOO |

Securities are dated Jan, 1, 1902, and wilt mature $1,205 22
on March 1 >early from 1908 to 1907, Inclusive.
Warwick, R, 1.—Bond 00ering. —Proposals will lie re­
ceived until 12 m., Jan. 15, 1902, by J. B, Allen, Town Treas­
urer, at the Rhode Island Hospital Trust Oo., Providence, for
$4( 0,000
30-year gold bonds. Securities are in denomi­
nation of $1,000, dated JaD, 1, 1002 Interest will be payable
eemi-annually at the Rhode Island Hospital Trust Co. of
Providence,
The official notice o f this bond offering will be found among,
the advertisements elsewhere in this Department.
Winnipeg (Man.) School District.—Debenture Sale.—The
School Board baa sold $50,000 debentures to the Canadian
Bank of Commerce.
Woodstock, 111.—Bond Sale.—The $6,500 4% electric-lightimprovement bonds described in the Chronicle Dec. 21,
1901, have been awarded to the McHenry County State Bank
of Woodstock at 101*538. The following bids were received
for the bonds ;
McH enry County State Bank.$6,600 00 I John Nuveen & Co., Chicago..$6,606 0©
State Bank o f Woodstock...... 6,610 00 I

York, Pa.—Bond Sale.—On Dec. 31, 1901, the $30,000 %%%
20-30-year (optional) fire-department-improvement bonds
were awarded to Henry Small of York at 103 67. For de­
scription of bonds see Chronicle Dec. 21, p 1329.

IN V E S T M EN TS.

____IN V E S T M E NTS.

INVESTM ENTS.

G eo. D. C o o k C o m p an y, N. W . H A R R I S & CO.,
B A N K E R S ,

INVESTMENT SECURITIES .
238*240 La Salle Street,

C H IC A G O .
N. V. Office. 1442 Broad-E xchange B ld g.
N e w O rlean s, L a ., 4s.
T o w n o f Covert, N . Y ., 3Hs.
A lle n h u rst, N . J ., 4^a.
P erth Am boy, N. J ., 4 b.
Southern Pines, N .C .. 6s.
Y ork (P a .) Connty T rac tio n Co., goldSa.

EDW. C. JONES & C O .,
N EW YORK,
P H I L A D E L P H IA ,

1 N AS SAU STREET
- 112 SO. F O U R T H S T R E E T

Perry, Coffin & Burr,

C H ICAG O .

BOSTON.
W E O F F E R , T O Y I E L D ti%,

824,000
(T o ta l issne 8 7 5 .0 0 0 )
C A P I T A L S T O C K OF T H E

Hampshire & Worcester
Street Railway Co,
A pproved by the Mass. R R . Commissioners.

B A R N A R D & G IL B E R T ,

BOSTON

Deal
e x c lu s i v e ly
In M u n i c i p a l ,
R a i l r o a d a n d o t i le r b o n d s a d a p t e d
fo r t r u s t fu n d s a n d s a v in g s .
IS S U E TEA V S in u s ’ LETTERS OE CSEDIS
A V A IL A B L E I N A L L JPABTS OE T E E WOMLE

E.

BANKERS,

121 Devonshire S treet
B08T0N.

FARSON, LEACH & C .,
O
C H IC A G O .

NEW YO RK .

MASON, LEW IS & CO.
BANKERS,
C H IC A G O ,
Slsnadnoek B u ild in g,

M U N IC IP A L
R A IL R O A D
C O R P O R A T IO N

B O STO N,
60 D evonshire St,

BONDS*

S treet

T . B. P O T T E R ,
M U N IC IP A L and
C O R P O R A T IO N

d a m n c
BUNDS*

172 Washington Street,

Ctaate® Issues.

C H IC A G O ,

R a ilw a y and Oas Companies.

L IS T

-

-

-

IL L S ,

ON A P P L I C A T I O N .

L I S T ON A P P L I C A T I O N .

MacDonald, McCoy k Co.,
MUNICIPAL

AND

CORPORATION

BONDS.
171 La Salle Street, Chicago.

F. R . F U L T O N & C O .,
M
171

u n ic ip a l

LA

SALLE

B

M U N IC IP A L and
C O R P O R A T IO N
N e ttin g fro m

ROMTTQ

to 6# alw ays on hand,

DUKE M. FARSON & C O .
I t s Dearborn S t, CHICAUO.

onds

,

STREET,

C H IC A G O .

7 E X C H A N G E P L A C E , BO STO N.

M U N IC IP A L BONDS.
C. S T A N W O O D & Co.

January investments.
M U N IC IP A L , R A IL R O A D A N D C O R P O R A T IO N
BONDS.

Quotations furnished fo r purchase, sale or exchange

IN V ESTM EN T BONDS.
6o State Street,

SEND F O R L IS T

31 N A S S A U S T., N E W Y O R K .

“ F u ll description o f specially
attractive

5%
GOLD BONDS
sent u p o n a p p lic a tio n / ’
T R O W B R I D 6 E & N I T E R C O *,
F irs t N a tio n a l B a n k B u ild in g, C H IC A G O .

Send fo r our Investm ent Circular*.

INVESTMENT BONDS.
SEND FOR LIST.

D E N IS O N , P R IO R & CO*
CLEVELAND.

BOSTON.

S easongood & M

ayer,

S , W , C orner T h ir d and W a ln u t Stroets,
C I N C I N N A T I , O H IO .

M U N IC IP A L BONDS.
High-Grade City, County, Town and School Bond*
■trued In leading prosperous States o f the Futon,
aspeelally adapted fo r safe and permaneu inveatiiient fo r Estate* and Trust Funds.

Outside Securities a Specialty
DAVID PFEIFFER, 18 Wall St.