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pnanrtal
nmma*
rontrli
Supplement
Quotation
Street Railway Supplement
(Monthly)
Investors Supplement (Quarterly)
State and City
Dam a Oompawt,
(Entered aooordlng to Aot of OongTesa, In the year 1901, by the William B.
VOL.
SATURDAY, JULY
73.
QanMm^
Supplement fatm^
In the offloe of the Librarian of Congress,
i
NO. 1882.
20, 1901.
Week snding July 18
%Jxz Chronicle.
Clearings
at—
1901.
PUBLISHED WEEKLY.
Terms of Subscription— Payable in Advance
For One Year
$10 00
For 81x Months
6 00
13 00
European Subscription (lnoluding postage)
European Subscription 81x Months (Including postage)
7 50
42 14s.
Annual Subscription In London (lnoludlng postage)
do.
do.
SlxMos.
do.
*111b.
Above subscription lnoludes—
Stkket Railway Supplement
Thb Quotation Supplement
state and City Supplement
Thb Invkbtoss' Supplement
Terms ot Advertising—(Per Inch Space.)
I
1901.
1900.
I
148,8 16,560
8,366,400
8,695.740
1,987.328
1.598,39)
1,607,686
1,397,766
In rt ford
New Haven
Springfield
Worcester
Portland
966.114
683,252
16 1, if 2
Kail River
Lowell
New Bedford
i
626 689!
Holvoke
Two Months
(8 times)..
Total
Three Months
81i Months
It 9
+814
183 681611
6,233,500
+31
+80
+19
8.971.185
1.639.022
1 4-9,182
l.*83.87i
1,284,816
820.481
712.862
437.211
826,790
22 00 Twelve
Milwaukee
Columbus
&
Messrs. Edwabds
Smith, 1 Drapers' Gardens, E. O., will take subscriptions and Advertisements, and supply single copies of the paper
at Is. each.
CO 71
B.
tf, Publisher*,
DANA
Cleveland
FAN
Pine street, Corner of Pearl
Post Office Box 958.
Street,
NEW YORK.
Indianapolis
Peoria
8.015.683
8 672 870
1,688,811
1,3-2,794
1,238,632
618.084
Toledo
Grand Rapids
Dayton
K vans vllle
Youngstown
608 9*0
623 220
672,600
Springfield, 111
Lexington
478,761
455 686
888,168
472.129
146,250
Rookford
Springfield, Ohio..
The following table, made up by telegraph, etc., indicates Canton
Jacksonville, 111...
that the total bank clearings of all the clearing houses of §ulncy
loomlngton.
the United States for the week ending to-day, July 20, Jackson
Ann Arbor
have been $2,375,852,213, against $2,369,185,328 last week and
Tot. Mid. West'n
$1,402,107,213 the corresponding week last year.
New fork
Chicago
St. Louis
Orleans
Seven
Other
oltles, 6
oltlei, 6
Total
1657,431,917
91,374,€24
72,501.879
14 993,761
107,293,978
88,741.117
7,611. ICO
+100-8
+360
days.
lday
+60
+ 860
+23
+410
-1-8
$979,951,376
197,248,709
+76-1
Kansas City
+83-6
Minneapolis
$1,989,383,490
400,018.923
$1,177,203,085
224,904,128
+67*3
St.
+805
The
all oltles
for week.
Denver
$2,876,852,213
$1,402 107.813
+6B-4
the week covered by the above will be
given next Saturday.
We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday
night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, July 13, and the results for the corresponding week in 1900, 1899 and 1898 are also given. Contrasted
with the week of 1900 the total for the whole country shows
a gain of 56*2 per cent. Outside of New York the increase
over 1900 is 19-5 per cent.
full details for
Omaha
Paul
Joseph
Dee Moines
DavenportSioux City
1,057.988,
1.175.971
Week ending July
1900.
1901.
'.
New York
Philadelphia
Pittsburg
Baltimore
Buffalo
Washington
Albany
Rochester
Syracuse
Boranton
Wilmington
B Ingham ton
Chester
Greensburg
Wheeling, W. Va..
Total Middle
1
591,146,455
855,929.982
101.285.30J
85,192.970
41,987.515
31 649.176
81.82b.908
21.178819
6.857 411
5,098,067
2,882,889
2 699.801
3.867 838
2.896,808
2 609.817
1.812.416
1,395,832
1,198.668
1,216.154
1,070 669
1,188,764
978.988
392.800
417.200
896.482
356.898
868 100
369,832
684.422 Not Include
782 619.369 1.080.81T.888
1899.
Cent.
+-H8 7 1,196.806,408
+82-4
93.823.981
-t-33 7
24,781.029
+17*2
82,198.751
5.107.551
-t-34 5
+6*8
8.605,815
8.662,737
+15 9
+88'1
+16-4
+13 6
+15 3
-6
8
-16*8
+1-9
8.810109
2 802 297
1 912 552
1.826.976
1,060.917
021 38^
1.761.168
1,803 609
818,189
786,711
885.030
800,000
881800
In tot al.
1.353.188 608
+740
720,893.068
70.986,988
18,071.391
17.170.180
838074 148
276000
113.190.035
130.397,532
14.581.800
7,815.392
10,765,760
0.378,253
0,042.600
8.899.082
100,511 '90
18.176,800
8,491,980
8,001062
6 210,540
4 017 500
8 816 193
1.809 216
1,790976
8.923 200
+4C
1,670 131
1,160,157
1,878.740
939,650
401.754
385 337
681.074
478,400
364,251
122.018
831,600
284,209
136,712
7
6
+ 36
+63*4
-6 8
-2
2
1
+19*1
+0*8
+66 6
+188
857.400
838316
783,825
303 292
826 073
439 750
280.100
810.301
818 129
178 140
805 887
+51
+255
+4-8
1
In tot al.
+10 8
180.402.016
147,904,153
+4 9
81.248.921
18.858.780
1.7*0 080
1.016.138
+126 9
+ 18
3.7i.9,338
8.170.975
1.968,621
1,879,086
1,121,718
820,254
650.328
312.830
+187
-48'8
+81
+0-8
-2 2
+6-4
+78
1480.885
1,051 843
b96.u20
650.000
817,764
807 169
97.381
158 213
+0 7
33.083,061
18.O69409
13 647.453
11.261,089
6.210,639
4 872,897
3,611.757
5,880,908
1,617,169
998,281
1,017,491
870,8.3
482.832
160.814
j
1
10.471.8741
6.179.771
4 619.666,
8.661 896
8,874.2881
1,873,6 >6
943,067
937,853
677,108
481.325;
109,307
81.187.194
9,791.733
5.672 819
6 2:8.671
8,470 958
8.493 800
2.498,019
800 t*8
726,419
786,889
318.378
882.132
86.768
982,7.36
4*1,602
167.570
731,990
Not Include
55.128.0SU
49,901.196
+108
45.191 170
83.370.1J10
19.094 911
8,928 007
8 838 965
2,785,000
S 431,981
8,830 331
4,065,693
32,887,055
8,765 639
8,083,761
8.007.000
8.462,816
+498
83.762966
6,089 270
37,873.458
6,418.233
7,155,089
2,198.950
2.339,670
1,671.080
8.887 681
St.
Louis
Orleans
,
New
Louisville
Galveston
Houston
Savannah
Elohmond
Memphis
,
8,714.0r»5|
,
Atlanta
Nashville
Norfolk
,
Augusta
Knoxville
Fort Worth
Little
1898.
656 266
Wlohlta
FremontColorado Springs..
Tot. other West.
Rook
Chattanooga
1901.
1.687.310
1.853.182
164,123.2a?;
+3
+26
+17
1,618074
Topeka
1,806 169
1,800.000
1.721,8581
911,831
699.70',*
1,178,128
Macon
13.
9
+28*9
87,886.617
19 581,201
10,434 609
6,1! 3 519
4.447.938
4 316.960
5.206.288
1.603.684
Birmingham
CUarinat at—
8.828 037
2,801 09;
5,437,673
1,187,378
993,902
694.650
329,252
165.146
39.827,613
Helena
+34
893,9-iO
681,657
849.817
368.838
Fargo
Sioux Kails
Total Pacific
9
+20-8
+80-8
122,456
210,000
220.681
130.000
20 996 662
8 582 481
1,883,627
1,002.271
Tacoma
+261
+417
+367
194,851.180
8.353652
8 801,391
Seattle
Spokane
+11-6
+7
82,016 931
6,859.358
2.389,945
747.500
650.481
8
+21-8
+23
227,078,193
676 88-1
482.866
8
-8-1
-0*1
1,266,69:
Not Include
90.639.600
8.853 0(0
2,999.798
1,009,016
+178
1.886 17
909.689
367.2-9
516,355
687,318
B88.C00
403,686
383.78V
881.18a
884.325
188,288
65,050
.
Portland
Los Angeles...
St.
Total
862,27(1
San Franolsoo.
Salt Lake City.
$1,725,971,277
243,062,013
days.
days
all cities, 6
All oltlei,
P. Cent
1900.
11,315,415.4*6
18i,29i,91l
90,068,421
18,583,111
129,023,341
40,519.032
7,473,033
Boston.
Philadelphia
Baltimore
New
1901.
0:-!2.887
145.361,015
6,567.800
3 812.208
1.919.917
1,710,462
1,804.854
1617 56796.170
6
9
+ 141
182,299.359
15.601,100
8.462.483
ll 887,405
5.081,976
5,287,200
8,280,857
1,956,106
2,588.146
4
,
+69J
+9*0
139,986,704
Akron
Kalamazoo
CLEARING HOUSE RETURNS.
Cltaringi— Helurns bv Telegraph.
Week Ending July 20
844,861
143.508 848
19,598 2M)
18.287, l»8
10,251,878
6.697,489
6,605.200
Cincinnati
Detroit
London Agents:
WILLI AW
New Bng.
Chicago
(13 times).. $29 00
" ).. 50 00
(26
Months (52 " ).. 87 00
1898.
P. Cent
Boston
Providence
|
Transient matter
$4 20
standing business cards.
1899.
,
,
Jacksonville.
865,118
5-0,000
783.911
418.160
880.183
4,434913
4.176.885
1.918,316
1.470.811
1,821 3'29
1,378.709
916,183
631.998
986,701
700,838
al.
+19
+98
+88
+39
-49
8.750,830
8 611.600
8,251,158
2 806.106
8,900.000
2.017.806
1,398 734
8
5
1
+117
+419
+-82 # e
9
1,41-4-1.237910
+85
+24
+3'2
969.10082.877
+12>
1,108.3
4-81*4
U
1.11
1,164.517
k.M.003
883.303
607,187
309 334
655 878
886,140
+81
930 911
—80*4
•os.ooo
8H.U0O
150819
+-69-8
331.218
217,117
+16*8
+67'3
+20-8
826 000
3C8 114
289 8 si
888180
770,000
Total Southern..
Total all
73.981431'
369 185,828 1,616 988 884
Outside N. York..
778,088,873
93,778.112'
050,998 338
308
283.295
66.817.03i
70.008.511
+O0 ,2 1,810 909.898 1.818 668.2.31
5
060 102.897
401 070.184
+818
10.017.048
9,:65 2O0
1.988.120
1.183.331
14 378.409
7 913.016
B40.8M
793.435
889.110
+19
Canada—
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St. John
Viotorla
Vancouver
Quebeo
Total Canada
6981
10 648 901
10118 092
18 564 957
2.482 80)
8.143 900
3.193 114
LT28.708
823.888
836.914
879,890
806.149
913.879
718.516
1,103 e*.4
1,167.554
1,578,581 Not include
81713
42 487.785
84 833 620
+23-8
+18
5
+20-9
+1'0
-83
707 13
HlS.eO*
807.610
-33
I
+5*3
n tot
+28-7
1.49
1,808.863
al.
81.600.400
80.808,143
—
THK CHRONICLE.
104
The adjourned conference last Saturday between
Amalgamated Association of Iron, Steel and Tin
THE FINANCIAL SITUATION.
the
A
moat satisfactory event this week has been the announcement made by Mr. J. P. Morgan indicating the
complete settlement of the differences between leading capitalists with reference to Northern Pacific control.
The facts disclosed are important not only as
affecting that property, but because giving such emphasis to the vitality and vigor of the peace policy esIt is, too, an interesting
tablished between railroads.
and encouraging feature that the result brings out
again so clearly Mr. Morgan's position and influence
as the leading advocate and promoter of the broadest
kind of harmony in railroad affairs and between
leading railroad owners.
Except as he is interested in this reign of
peace, and that the
gentlemen he has selected to represent the Northern
Pacific interests are in that view the
be named, the
outcome
best
that could
Northern Pacific
contest leaves his own personal concerns in the company unannounced and without being specifically or
final
rvoL. lxxiii.
of the
distinctly cared for.
seems that the execution of the agreement between all the parties that had become involved in the
Northern Pacific tangle (which agreement was noticed
in our columns the first day of June and again more
fully one week later) was not accomplished until the
31st of May 1901, although the panic occurred on the
ninth of that month. According to its terms (as we
at the time stated on the authority of J. P. Morgan &
Co. and Kuhn, Loeb & Co.) the composition of the
Board of Directors of the Northern Pacific Kailway
was left in Mr. Morgan's hands. Another fact the
agreement contained, which is now for the first time
made public, was the appointment of Mr. William K.
Vanderbilt as referee to act in case of a difference of
view occurring among the gentlemen now nominated
by Mr. Morgan as the new members of the board to
fill the vacancies to be created.
The names are
It
Workers and the representatives of two companies,
members of the United States Steel Corporation,
broke up in a disagreement. No other result was
possible when it became apparent that the President
of the association of
workers made "Unionism" the
preliminary issue of a settlement; that is obvious,
because the President could not define his proposed
compromise in any other way than by accepting the plain meaning of the word used as descriptive
of the new relations demanded by him between the
officials of a mill and their employes.
To thus adopt as the policy of the United States
Steel Corporation the dogma (1) that no man would
be hired by any mill in the combination who was not
a member of the union, and (2) that all of the present workers who were not members and refused to
become members of the union should be discharged,
assumes that the managers of the corporation had
lost their judgment and honesty too, and were ready
to sacrifice the permanent interests of the corporation
much as if they were only infor a temporary peace
tent on getting an opportunity to sell out their holdings of stock.
That was a trick common enough
years ago, but fortunately those who have to do
basis of
—
with this negotiation are not of that stripe.
Such an ending to the present labor
dispute,
combination under the management of the union, would do
violence to the instinct of every American-born citizen
of the United States. Has it come to this, that a man
is not to be left free to act or not to act as he wills, so
long as he does not trespass upon any other individAre we to uuderstand that no man in
ual's rights ?
this country can get work unless he first submits to
pay a tax and to subscribe to the rules of a labor
Or on the other hand is a firm
organization ?
mill or combination of mills, which happens
or
to be engaged in manufacture, not hereafter to be
Mr. James J. Hill, President of the Great Northern Railway Cornfree to hire any man who wants work, but is to be
pany.
Mr. E. H. Harriman, Chairman of the Executive Committee of the compelled first to examine the man and see if he is
Union Paciflo Railway Company.
Union ? Really, if these are the
Mr. William Rockefeller, Direotor of the Chioago Milwaukee & St. wearing the yoke of a
Paul Railway Company.
issues raised by a labor struggle, and if its settlement
Mr. H. McK. Twombly, Director of the Chicago & North Western
can only be procured by subscribing to dogma which
Railway Company.
Mr. Samuel Rea, Vice-President of the Pennsylvania Railroad Com- puts labor and all industrial management into slavery
pany.
to a Union, a thousand times better is it to let the
The public has
It will be noticed, as Mr. Morgan states, that among disagreement continue indefinitely.
those named every important interest has its repre- so deep an interest in the right outcome of the prinsentative, who will be brought into close touch with ciple these questions raise that, comparatively speakthe situation as a whole, and there should be no diffi- ing, it has little interest in the practical issue whether
culty, he thinks, in reaching a conclusion that will be the United States Steel Corporation shall or shall not
fair and just to all concerned, and tend to the estab- in the meantime be able to operate its mills.
lishment of permanent harmony among the different
lines.
To this end, Mr. Morgan adds, he will be glad
The present situation of the strike and its probable
to co-operate in such manner as may seem desirable. extent and duration are matters about which definite
The agreement of May 31st has never been made pub- data are limited. As the President of the Association
lic in full, and it is not now.
of Workers declares openly, " we are not contending
Up to this date the principle of railroad harmony for wages but for a principle," it would seem as if in
has been an undefined and somewhat obscure senti- that case the power the leader holds to disorganize
ment. Now, the public has an object lesson which any industry must be quite circumscribed. With such
makes it not only a reality, but gives it a wider and the only pursuit, a strong inference is that the men
more vigorous interpretation than had even been an and their families will not long be willing to go withIn a fight for
ticipated.
If the principle evoked can be carried out out the ordinary household supplies.
can it fail now ? the investor more money, a present sacrifice means, if successful
in practice and how
has gained for his use by this movement a large class and there is always the hope of success. an ultimate adLeave that phase of personal advanof securities free from at least one of the most trouble- dition to income.
some of former causes of fluctuations in value.
tage to the employe out of the contest and the quest
becomes an empty one with all stimulus for endurance
besides virtually putting all the mills in the
:
—
—
—
July
TMK (CHRONICLE.
20, 1901.]
105
—
Indeed it is worse than that it is giving up wide chauges in deposits, &c, will come in many fold
the whole or (so long as the union pays a portion of greater force at some future liquidating period of
the wage) part of a weekly income with no chance of broader dimensions.
ever recouping the loss. The leader, by boastful claims
One phase of the existing monetary and investment
and promises of speedy victory, may draw out a good
many men, but continuing out, with their families re situation is disclosed in the failure this week of the
duced to plain living and short at that, is more than State of Massachusetts to float the $8,126,800 of 3 per
human. It is consequently in this case of less im cent gold bonds offered for sale on the 17th. The
portance than usual how many men have responded experience of Massachusetts does not stand alone in
A few weeks ago that is, on June 24
to the leader's call, or how many other industries this respect.
may be to an extent brought within its influence. It the city of Philadelphia undertook to float $9,000,000
of 3 per cent 30-year water bonds and received only
is, though, worth while to remark that so far as the
strike has developed it has, in the public view, made one bid, this bidder offering to take $5,000 of the
much slower progress and less of an impression than bonds at 101. The matter seemed inexplicable to the
gone.
—
was anticipated. Indeed, at the moment it looks as if people of Philadelphia, and all sorts of explana"in a tions were offered to account for the absence
it was about to end, as the boys would say,
The simple truth was that the rate
of bidders.
fizzle."
New York
of returnj did not prove attractive.
The outcome this week on the Stock Exchange was City had the previous week sold $3,057,125 of 3£ per
early in the week merely the culmination of last cent bonds and placed the whole issue, but on a basis
week's events, reports and conditions. Values had of 3-22 per cent. With New York City paying nearly
been the previous two weeks on the decline almost 3^ per cent for its loans, Philadelphia of course could
day by day ; adverse developments had been a con- not expect to float a 3 per- cent issue. Profiting by
stant occurrence ; finally on Saturday last came the this experience, the city is now again asking bids
announcement that the conference
officials and the "workers" had
agreement.
tions,
of
the steel mill
failed to reach an
Under these circumstances and
added to hysterical rumors
tent of the strike
movement
afloat
condi-
as to the ex-
and of the crop disaster,
with lower prices for American stocks at London,
came the collapse to the market on Monday. Tues
day the liquidation apparently ceased and prices of
(proposals to be opened
August
of interest raised to 3£ per cent.
chusetts
of
is
commonwealth
course
enjoys
but with the rate
The case of Massa-
19),
more striking,
as
good credit
for
that
as
any
municipality in the whole
or
the explanation would appear to be the same,
Yet
namely that under existing conditions the low
rate offered is not attractive. In March Massachusetts
placed $3,000,000 gold 3s on a 2-909 basis, and it has
country.
State
improved, but industrials assumed
somewhat of a waiting attitude, fluctuations being floated bonds as low as 2 805 per cent. The expectawithin narrow limits. Wednesday, after the issue of tion, therefore, was that the latest loan of $8,126,800
Mr. Morgan's letter a better feeling prevailed, and all would prove a success. As a matter of fact not a
The condition of the corn crops single proposal for the whole or any portion of the
prices advanced.
and of the other crops was also admittedly better than bonds was received. Loans like those of Massachuwas assumed a few days previous. In the first place setts appeal mainly of course to investors who look
the rumors of disaster afloat last week had been proved for securities of the most approved and gilt edged
to be grossly exaggerated ; besides that, the actual type, but even these persons seem to be placing their
condition over a wide extent of several States had been expectations a little higher, and are no longer atrailroad stocks
improved by copious rains. Another satisfactory feature
was a change for the better in the situation of the money
market. Added supplies are apparently coming, too,
chiefly in the way we wrote they would a week ago
that is, by Treasury disbursements.
There is one feature, however, quite noteworthy;
it was conspicuous last year and has been at times
ever since.
We refer to the decided changes in the
bank returns so extreme in the results on the reserve.
On some occasions it appears to be in accord with the
known movements of money, but more often it does
tracted by the same extremely low rate as heretofore.
Some
of the
cently been
New England
made aware
municipalities have re-
of this fact.
The experience
of Fall River (Mass.) furnishes a case
in
point.
In
March that city sold $±5,000 of 3^ per cent bonds on
On Tuesday of this week
a basis of 3099 per cent.
disposed of $50,000 3^s, but on much less favorable
terms, $20,000 going on a 3 12-4 basis and $30,000 on
it
a 3-242 basis.
The
declaration of a dividend on the
first
preferred
Last week the result of a gain in cash of $3,- stock of the Erie Railroad marks a new development
175,100 and the decline in deposits of $17,691,000 in the history of this property. The action, however,
made an increase in the surplus reserve of $7,597,850, does not come as a surprise. It has been known for
bringing the total surplus up to $12,809,357. Are some time that a payment could be counted on just
these wide fluctuations (17£ millions in deposits and as soon as circumstances and conditions fully war21 millions in loans in one week) due to the much ranted the step.
It was evidently the purpose to prolarger volume of business in progress the last two ceed slowly and cautiously.
One cloud upon the
years, or to a very material increase in the volume of future of the property was removed when Mr. J
capital afloat in our market, or to the large increase P. Morgan purchased for the company the Pennsylvanot.
#
in
number and
business of other financial companies,
the reserves for which our Clearing House institutions
in the main carry?
Whatever may be the cause, they
nia Coal Co., thus confirming the Erie in the possession of its anthracite coal tonnage, which plays such
an important part in its traffic and revenues. Since
Th e
certainly should Btand as a warning to our banks to then the developments have all been favorable.
keep careful watch over their reserves.
We hardly anthracite coal trade situation is in better shape than
need to say that the monetary strains which have it has been for years, all the diiferent interests working
hitherto been met and have been incident to these harmoniously together, while prices for coal are being
THE CHRONICLE.
10(5
advanced on a gradtd
tion
from
also
is
scale.
satisfactory,
The trunk
the
[Vol. LXXI1I,
making $14,324,404 87 since such purchases began.
deviations The Canadian Bank of Commerce has this week received
line situa-
slight
schedules of rates, which had developed,
recently been corrected.
Owing to the
official
checks which have been paid at the Sub-Treasury
representing $730,000 Yukon gold which had been
having
changes resulting from the acquisition of the Penn- deposited at the Pacific coast assay
offices, and this
Company, it is impossible to indicate bank has advices of $1,500,000 more of such checks
what the income account for the fiscal year ending which will probably arrive next week. The Assistant
June 30 1901 is likely to show. We may note, how Treasurer has been largely debtor at the Clearingever, that net earnings on the old basis for the eleven House almost every day this week, representing paymonths to May 31 were $9,422,740, against $9,017,064 ments for pensions and for other extraordinary purin the corresponding eleven months of the previous poses, and the disbursements in excess of the ordinary
fiscal year.
The present dividend is 1£ per cent, and receipts have also been large.
is for the six months to June 30.
The stock is entitled to 4 per cent per annum.
It is the first payMoney on call, representing bankers' balances, has
ment made by the reorganized company, which dates loaned at the Stock Exchange during the week at 5
from December 1895. The amount of the stock is per cent and at 1 per cent, averaging about 3| per
quite large, namely $47,882,800, and the
per cent cent.
On Monday loans were at 5 per cent and at 2
sylvania Coal
H
hence
per cent, with the bulk of the business at 44- per
cent.
On Tuesday transactions were at 4£ per cent
calls for $718,242.
There was no change in the official rates of discount
by any of the European banks this week, and, with
the exception of London, unofficial rates at all the
centres were easy.
There was a firmer tone in the discount market at the British capital early in the week,
followed by an easier feeling. The Bank of Bengal
at Calcutta and the Bank of Bombay at Bombay reduced
their rates of discount from 4 per cent to 3 per cent.
One feature in London during the week was the announcement on Tuesday by the Bank of England of
the withdrawal of the issue of £3,000,000 in India 3
per cent stock, owing to the inadequacy of the subscriptions.
The notice of the issue of this stock was
given by the Bank July 11. The stock was not redeemable before October 5, 1948, and the issue price
was 98. Incidental to the semi-monthly settlement
on Monday on the London Stock Exchange a feeling
of anxiety prevailed in the market for Americans,
owing to the decline in the Steel shares, which was
chiefly caused by rumors that London bankers had refused to loan on these properties. Lord Kothschild declared that there was no discrimination against Steel or
other American stocks, but that bankers were not disposed to advance large amounts on one class of stocks
A
Petersburg cable reports that the death
by suicide of A. K. Altchevsky, President of the Chamber of Commerce at Kharkoff, has precipitated liquidation in that iron centre, and his bank, the Kharkoff
Bank of Commerce, has been forced into bankruptcy.
The capital was 2,350,000 roubles, and it held 5,403,550
roubles of deposits of the Kharkoff Bank. of Agriculalone.
St.
ture and 800,000 roubles of private deposits.
The most striking feature
New York Associated Banks
of the statement of the
last
week was the reduc-
and
at 1 per cent, with the
majority at 3£ per cent.
It should be noted that the lower rate on this day,
which was the lowest rate of the year, was recorded
in the last hour, when the requirements for the day
had been
satisfied,
at this rate.
The
money was placed
loan was made at 2| per cent.
and very
last
little
On Wednesday and on Thursday
loans were at 3£ per
cent and at 2 per cent, with the bulk of the business
On Friday
at 3 per cent.
per
cent
and
at 2 per
transactions were at 3
with the majority
companies until
Thursday maintained 4 per cent as the minimum for
call loans and none met the lowest Stock Exchange
rates.
Where borrowers insisted upon a reduction,
the loans were in the majority of cases paid off. On
Thursday, however, some bank loans were reduced to
3| per cent. While money on call has been thus extremely easy, time contracts have, as a rule, been
firmly held, and a good demand is reported at 4| per
cent for sixty days to four months and 4£ to
to seven months, on good
5 per cent for five
mixed [Stock Exchange collateral with a fair admixture
of
dividend-paying
industrial
stocks.
There has been a little better supply of commercial
paper, as was expected after the middle of the month,
but there is no pressure of such paper, and merchants
do not seem to be at all urgent in their requirements.
The local demand is light, banks and trust companies
preferring to make collateral loans, and the inquiry is
chiefly from the East, though Western banks are reported to be taking moderately large lines. Kates are
4| per cent for sixty to ninety day endorsed bills receivable, 4£@5 per cent for prime and 5@6 per cent
for good four to six months' single names.
at
2£ per cent.
cent,
Banks and
trust
due to the
liquidation in the stock market caused by the unThe Bank of England minimum rate of discount
favorable crop news and the threatened strike of remains unchanged at 3 per cent. The cable reports
operatives in the steel mills. The cash reserves of discounts of sixty to ninety-day bank bills in London
the banks were increased $3,175,100, of which gain 2£ per cent, against 2|@2| per cent early in the
$2,448,600 was specie and $726,500 legal tenders. The week. The open market rate at Paris is 1|@2 per cent
deposits were reduced $17,691,000 and the surplus re- and at Berlin and Erankf ort it is 2|@3 per cent. Accordserve was increased by $7,597,850, to $12,809,375.
It ing to our special cable from London the Bank of
is noteworthy that only seventeen banks, of which but England gained £294,054 bullion during the week
Our
eight were national, were below the limit of 25 and held £37,598,965 at the close of the week.
further advises us that the gain was
per cent of reserve to deposits, against twenty- correspondent
banks, of which seventeen were national, due to the import of £233,000 (of which £190,000
six
which were below the limit in the previous were from Egypt, £35,000 from Australia and £3,000
week. Purchases of unmatured bonds by the Treasury bought in the open market) and to receipts of
have been small this week. The amount paid there- £61,000 net from the interior of Great Britain.
for at the New York Sub-Treasurv was $187,446 01.
tion of $21,001,500 in loans, reported to be
July
20,
THK CHRONIC LK.
1901.]
foreign exchange market was active daring the
week, though within so narrow a range that until
Thursday rates for actual business were not quotably
With the Sub-Treasury operations the reauit
The
changed.
The tone was heavy on Monday and
market was more or less Influen call in New York,
enced by easy money
which seemed to encourage buying rather than
There were some sterling loans reselling.
and also
ported, as was the case last week,
of
sales
ninety-day
sterling,
tance, the discounted drafts being preferred to short,
though remitters for stocks sold for European account
forwarded sight bills. Bankers report some increase
in the supply of spot
commercial
bills
drawn against
grain and cotton, and also offerings of futures against
such commodities deliverable in September and in
months. The Assay
domestic bullion. Gold received at the Custom House
during the week, $65,637.
Nominal rates for exchange were reduced after
Monday to 4 85$ for sixty day and 4 88 for sight.
Rates for actual business opened on Monday unOffice paid $801,409 09 for
later
Bndin
H'$*k
July
tin Changs
Out 0/
Banks.
into
1». 1981.
Bank*.
as
flank
tat
HuUUmm.
Hanki Interior nioyemetit. a* above
*eb-Tr«*»ury operations
•9.470,000
14 918 000
Gain. MC6-.000
20.900,000
1-600.000
Gam Ml 0.000
Total gold and legal tenders.
130,876.000
188.4 1HU00
Gain. 16.968.000
The following
4
table Indicates the
amount
of bullion
n the principal European banks.
with
The
the intention of covering later in the Beason.
partially countereffect of such selling was, however,
acted by purchases of long bills for mercantile remit-
is
follows.
steady
to firm thereafter; the
speculative
107
July
Bonk
July
18. 1001.
19, 1900.
of
Sold.
Silver.
Total.
•1
Jngland
rranoe
Germany
Gold.
Total.
Silt; or.
A
81.488.876
37.898 965 81.4S8.375
97,684,806 44,660,S98 148,886,099 86.926.210 46.649.907 134.376,128
81,007,000 15,978,000 48.1 80,000 29,817,000 16.102 000 44.419,000
70,884,000 7,677,000 78,211.000 79,188.000 7.911.000 87.097.000
89,111.000 11,181.000 60.24Z.000 87,768,000 9,777,000 47.515.000
14,003,000 16,974,000 30,977,000 13.rt89,OO0 18,777.000 30.466.000
16,077.000 1,041.100 17,018,1001 16,5*8,000 1.690.000 17,886.000
4,871.000 5.957,000 10,888.000
6,261.800 5,629,300 11,881.100
4.165,000
8,777,000 1,888.000
4,498.000
2.999,000 1,499,000
87,598.966
!
1
tutila
Ao.s.llo.ng'7
Spain
Italy
Netherlands..
Sat. Beig'm..
5*58,51)1 1C4851907406.880.498
Tot-thls week 314.815.971 105875293 419.691.864 801,
Tot. orev. w'k 314.667.411 104SU9768 419.61T.1638r0 694 0-!H 1039B6852 404.560.940
TEE OR OP SITUATION AND OUR
BREADSTUFFS EXPORTS.
The showers which have
so generally fallen over the
Western corn-producing States this week have relieved
changed, compared with those at the close of last
apprehensions concerning a possible utter failure of
week, at 4 84^@4 84f for long, 4 87@4 87i for short
Doubtless, however, considerathis year's corn crop.
and 4 87|@4 88 for cables. The tone was heavy,
ble damage was done while the drought lasted which
though the transactions were at only fractional deeven ideal weather conditions from now on can not
Influenced by easy money on the folclines.
This would appear to be true more particurepair.
lowing day, there was a recovery in prices for
Kansas and Missouri. The
market was not larly with reference to
long and short, though the
possibility, therefore, that the yield the present seaquotably higher, and on Wednesday, after opening
come fully up to the average gives unprevailed at the son may not
was a firmer tone, which
exports
On Thursday the usual interest to the figures of the breadstuffs
close though rates were unaltered.
for the late fiscal year (ending June 30 1901), which
market was firm for short at an advance of one quarhave been made public this week. The foreign trade
ter of a cent in rates for actual business, to 4 87^0. @
movement as a whole, for the same year, we review in
4 87|, and no change was made either in rates for long
for the reason stated, it seems
Long marks and guilders were, how- another article; but,
or for cables.
exports by themThe market was desirable to consider the breadstuffs
ever, 1-16 of 1 per cent higher.
selves.
firm on Friday, when long advanced one-quarter of a
At the outset we may observe that while collectively
The following shows daily posted rates for excent.
the value of the merchandise exports for the late
change by some of the leading drawers.
twelve months far exceeds the largest total in any
DAILY POSTED BATES FOB FOBEIOM EXCHANGE.
previous year, the breadstuffs exports which form part
FBI.
Mon.. TUBS.. WID.. THUR.
FBI..
of thia total do not enjoy the same distinction.
July 18 July 16. July 16. July 17. July 18. July 19
Koughly (exact returns are not yet available), the
*5*
85*
86*
86*
85*
4 85*
Brown Bro.
88
88
88
88
£8
\f^\ 4B8
value of the breadstuffs shipments for the year may be
85*
86*
85*
easy, there
Magoun A Co..
Bank British
No. Anierlot.
Bank
.
.
85*
Sight...
4 88)4
88
(
60 days
486
85*
Commerce.
(
§S*
88
88
88
88
85*
85*
86*
38
88
$k*
88
88
88
486
85*
86*
85*
85*
-5*
88
86
88
88
88
88
85*
85*
86*
85*
88*
85*
88
88
88
88
85*
85*
86*
86*
4
Sight...
160 days.
of
88*
J
.
Heldelbaoh, lokelhelmer & Co.
Sight-..
j
Montreal
Canadian Bank
of
480
\
(60 dart.
Baring.
60 days.
i
Sight...
<
60 dayi
88*
486
4 88*
4 85*
i
Sight...
4 88
88
88
88
88
88
4 85*
4 88
85*
85*
85*
85*
85*
88
88
88
86*
86*
put at 275 million dollars. This is about l%\ million
dollars more than for the previous year, but in 1897the same item amounted to almost 334 million dollars ($333,897,119)— that is, was 58 million dollars
larger than at present— and in 1891-2 the total was
85*
LaxardFrerei...!^7 8
4
299£ millions, or 24 million dollars above the late
In fact two decades ago we had a
year's results.
88
88
H8>-<
8b
8b
(Sight.... 4 88*
of Canada
twelve- month period where the value of the breadThe market closed at 4 84f @4 85 for long, 4 &7i stuffs shipments was better by 12£ million dollars than
@4 87* for short and 4 87f @4 88 for cables. Com- it is now, the year 1879-1880 having shown a total of
mercial on banks 4 84$@4 84£ and documents for payThese comparisons are suggestive as
$288,036,835.
ment 4 83f @4 85. Cotton for payment 4 83|@4 84, showing that if now we have to face a declining movecotton for acceptance 4 84£@4 84| and grain for
ment, we shall not start from the very highest figures,
payment 4 84£@4 85,
and that the decline will accordingly (supposing there
.
Merchants' Bk.
(
;
60 days
4 86
88
86
85*
1
The following gives the week's movements of
money to and from the Interior by New York banks.
is
to be any) be proportionately smaller.
Another fact attracts attention on a study of the
statistical
Week Ending July
19, 1901.
Shipped by
Received by
N. T. Bank*. N. Y. Banks.
Net Interior
Movement.
$7,655,000
1.821,000
Total gold and legal tenders
t4.269.000
649.000
Gain. t3.3S6.0Ot
19.476,000
(4,918,000
Gain. !4,:5S\00C
Gain
1,172,000
movement.
We have reference
to the quite
wide variations disclosed in the totals from year to
year.
Thus, while in 1897-8, as already stated, the
breadstuffs shipments were valued at $.'533,897,119
(this being the record total in the country's history),
THE CHRONICLE.
10b
three years before, in 1894-5, these shipments counted
much more than one1897-8.
The lean results of
1,212 million bushels.
[Vol. LXilil.
The
rains
for only $114,004,780, or hardly
saved the country from any such
third the largo total
sulted in 1894, so that
of
1894-5 succeeded the corn crop shortage of 1894, and
from this some persons have drawn the rather hasty
it
of this
week have
catastrophe as re-
seems safe enough to say
even at this early day that
duced
to
anywhere
the crop will not be renear the low figure of 1894.
is likely
Nevertheless much will still depend upon future
the present year.
weather conditions. Furthermore it is impossible as
There has been a disposition in certain quarters to yet to know how much damage which cannot be recompare the present threatened shortage with the paired was done before the rains came. Under these
inference that a repetition of such experience
crop disaster experienced in 1881,'as also with the corn
crop failure of 1894. It should be understood that
circumstances he would be a bold prophet who would
undertake to say whether the present year's yield will
no analogy between the circumstances and be 1,500 million bushels or possibly 1,700 million to
conditions of the present period and those at the 1,800 million bushels. Should it be no more than
The crop disaster of 1881 1,500 million bushels, even then 1901 would stand on
earlier dates referred to.
(the year of the assassination of President Garfield) a wholly different footing from 1894 first, because
was the worst experienced in the country's history. It the crop itself at 1,500 million bushels would be 300
extended to all the leading crops, and to practically million bushels larger than that of that year; and
Thus, as compared with 1880, the aggre secondly, because the 1901 crop, whatever its amount,
all sections.
gate yield of corn dropped from 1,717 million bushels will succeed a series of abundant harvests, while the
to 1,194 million bushels, and the production of wheat 1894 crop was the end of a series of short crops.
This last is an important consideration as affecting
from 498 million bushels to 383 million bushels. Even
the question of left-over supplies. It is very apt, howthe cotton crop at that time suffered a serious curtail
ment, dropping from 6,589,329 bales to 5,435,845 bales. ever, to be lost sight of. The situation prevailing in
If there were no other difference between the present 1894 may be set out by saying that while in 1891 the
period and that of twenty years ago, the marked dis country's corn production had been over two thousand
similarity in the matter of the yield of wheat would million bushels, (2,060 millions), the crop of 1892
alone serve to stamp 1901 as belonging in a wholly proved only 1,628 million bushels, and that of 1893 but
distinct category
The 1881 crop of wheat at 383 1,619 million bushels; then came the disaster in 1894
million bushels was an exceptionally small one.
The with a crop of but 1,212 millions. In 1901, on the
1901 crop of wheat, as we pointed out last week, will other hand, we have behind us the most striking array
be one of the largest, if not the largest, on record, of large crops on record, the yield in 1900 having
probably fully three hundred million bushels larger been 2,105 million bushels, in 1899 2,078 millions, in
1898 1,924 millions, in 1897 1,902 millions, in 1896
than the short crop of 1881.
Nor is there any very close analogy with the crop 2,283 millions and in 1895 2,151 millions.
With this analysis of the crop outlook we are presituation of 1894. The wheat crop then, while not in.
ordinately small, was hardly more than of fair propor- pared to consider intelligently the figures of the
More breadstuffs exports for the late fiscal year in their
tions.
It reached only 460 million bushels.
over, it followed a crop yield of no more than 396 bearing upon the probabilities of the immediate
million bushels in 1893, the latter little better than future.
We have already stated that the aggregate
the exceptionally small crop of 1881. Estimates of value of these shipments was, roughly, 275 million dolthe present season's wheat crop run from 700 million lars. We find that wheat and flour contributed $166,Probably the latter is to be 300,000 of this amount, corn $82,600,000, and the
to 750 million bushels.
regarded as an outside figure. Accepting 700 million other items of the breadstuffs shipments $26,500,000.
bushels as being nearer the actual mark (that being Whether we can depend upon an equally large total for
the indicated yield based on the Government's condi corn in the current fiscal year may certainly be quesIn quantity the corn shipments of the late
tion figures for the 1st of July), it is evident that tioned.
some allowance for loss since the 1st of July year fell 31 million bushels below those of the year
would still leave the crop an extraordinarily large preceding, but they nevertheless aggregated 178 milThis is a large total, and in case this
one. The daily papers early in the week were lion bushels.
filled with reports of damage to the spring- wheat crop, year's crop should prove seriously short, we would
the hot weather (so the stories ran) having extended probably find it difficult to spare so much the current
into that section of the country.
Such reports must twelve months from the domestic supply; at the same
accepted with considerable reserve, seeing how time, the high prices now ruling must necessarily act
be
near to harvest time that crop is; in fact, in the south- to check the foreign demand. Of course, however,
ern part of the spring- wheat belt harvesting began should the shipments be reduced, the higher price
If, therefore, as claimed, damage
would act, to some extent, as an offset to the loss in
fully a week ago.
The way things look now, it would be takresulted, it must be confined to the northern part quantity.
has
of the spring-wheat region affecting hence only a ing too sanguine a view not to expect some loss in the
As the winter- aggregate value of the corn shipments, and possibly a
relatively small portion of the area.
wheat crop is made, the matter hence simply resolves quite considerable loss.
As regards the wheat exports, the outlook is of a
itself into the question whether the total crop (spring
and winter combined) is to be, say, 700 million bushels, different character. While the value of the corn exor possibly 25 to 30 million bushels below that figure. ports for the late year at $82,600,000 is next to the
In either case the crop will be an extraordinarily largest on record, the total of the wheat and flour
large one at 675 million bushels it would be 215 shipments at $166,300,000 is not distinguished in that
On the contrary, this total is below rather
million bushels in excess of the crop of 1894 and 279 way.
million bushels in excess of the crop of 1893.
than above the average. We give the following statecorn, there is no parallel between ment to show the yearly comparisons for the last 28
Even as regards
1901 and 1894. la 1894 the yield of corn was only years.
there
is
—
.
—
'
—
July
THE CHRONICLE.
20, 190].]
niil-ui
i
Wheat
b'l'jur.
1874
1870
1877
1878
1880
11,681,
181
ISO
187
18,411
818,
i.047,
i
59,988,
U8,198,7M
.
18,080,
,713 160,
180,846,906
1881
1888
;:i
»
190,701,078
.
5i
98,865
17,1
.
li:',
904,779
28,84
178,1
54,884, 159 174, 709,800
118.8
.
1884
.
78,099,087
.
2~,756. 08.'
51,188, 686 L86,
1889
87,648, oil 163,81 1,418
58,148, 336
89,< 08,
MS.716 98,448, 965
088
16,481
1886
1887
1888
l
86,
1881
19,956, 850 121,:;,
,->t,777, 71ti
111, 018,178
16,296, IS",
86, 848,186
57,096 168 108, 918,074
51,480,87!
161,988,13s
;.1,70;, ,618 106, ,185,888
236, 761.415
88,534,671
.
75,968 ,88
76,494
Oil/271, ,770 1-2- ,678,811
-115,663
,34 7
95
51,651, ,888
J 5<J,i'20,171-
145,184.6641
104.869,164
73,237,041
119,9
17,658, 687 123,7
84,687 ,511 189,616,888
154 158,888,865 L66,'
8l',211
157, 59
l
91 785,086
115 ,834,52(
68 869 ,718 214 ,918,8/'
73,093 ,870 177 ,363.03^
67,755 ,£63 140,,7t3 003
C9.800 O'O 1«6 300.001
.
1,650 ,767 110,108,3 8 114,604,780
3?,836 ,86S 129,571, "1
141.356.993
51,087 ,15v 169,921.6;',
55.914 ,34
somewhat better price should likeAs far as the minor items of the
wise be realized.
breadstuffs exports are concerned, we may possibly
send out less oats (the crop being smaller); but on
the other hand, the European crop shortage is almost certain to cause an augmented demand for rye
in the fiscal year a
,
41,680 ,160 878,351,876
39,709.868 52,025, 21
.
1898
1899
1900
1901'
-'77
48,658, ,016 144,871
168 ,029,317
511,407,041
.
H
19,947, 361 168,018,984
4i\876,806
.
1889
1893
1894
1895
1896
1897
12(1,1
II-',
141,468
.
988
88, 705,670
11,668,701
1890
seem that we might confidently look forward to
another year of very large wheat and flour eiports,
possibly exceeding the highest previous amount.
Taking the breadstulla shipments as a whole, the:
fore, are wo not justified in saying that the indications at this moment do not encourage the idea of
any very large falling oil from last year's aggregate
values, even should there be a corn crop shortage.
Corn
doubtless figure for a smaller amount, but in the
will
case of wheat there is the likelihood that the quantity going out may run above even the recent large
totals, while it would not be at all surprising if later
I
84,4
96,h
1878
V
,Slli,3li'.l
84,499,
.
torn.
b't'iur.
58,607,899
.
—
Vot (vi
i
d-
$
094 L30 678,659
101,421,459
.
her needs, if anything, being more urgent than last
year, the yield of some of the Continental countries
being decidedly short the present season it would
KPOBT8.
Total
Wheat
if/., ..t.
led
109
74,196 ,85( 889,146,22' 333,897,119
68,977 ,44> 246,340,48' 373,999,699
85,206 ,38t 225,999,3V
i62.7840>6
375.400 0'
82.600 /0( 248.900/
and for barley.
We
exported only 2,310,000 bushels
of rye in the last year (valued at $1,310,920, or
1900- 56f cents per bushel), against 2,355,792 bushels in
Thus, though the wheat and flour exports for
01 at $166,300,000 compare with only $140,793,003 1899-00 (valued at $1,442,055, or 61± cents per
1899- 00, they compare with $214,948,377 for bushel,) and 10,140,866 bushels (valued at $5,936,078,
for
Of barley we ex1897-98 and with $236,761,415 for 1891-92. In or 58 cents per bushel,) in 1898-99.
ported 6,150,000 bushels, against 23,661,662 bushels
quantity, however, these wheat and flour shipments
were among the largest ever made from the United the year before, with the values $2,782,875, against
States, the total being about 215^ million bushels. $11,216,694 (the prices being respectively 45£ cents
The other large years were 222,618,420 bushels in and 47 2-5 cents), and of oats the shipments were
1898-99, 217,306,004 bushels in 1897-98 and 225,665,- 37,082,000 bushels, against 41,369,205 bushels, the
810 bushels in 1891-92. The explanation of the small values being $11,750,305, against $12,504,540, and
*
.
96. f
00
0"i
Figures for 1901 subject to slight corrections.
found in the low the price 31 11-16 cents, against 30i cents. Of rye
prices at which the shipments were made.
In the alone we exported 15£ million bushels in one recent
following we show the yearly aggregates of the ship- year (1897-8), valued at $8,825,769.
Hence the minor
ments, and also the yearly average prices, of wheat, of cereals too are likely to contribute something to offset
the possible loss in corn.
flour and of corn.
aggregate value for the late year
is
QUANTITIES EXPORTED.
Year ended
June 30.
Wheat.
Flour.
busli.
Bush.
1874
1875
1876
1877
1878
1879
1880
1881
1883
1883
1884
1885
1886
1887
1888
Av'ge
per
Av'e
per
bbl.
Tot.
Wheat
Corn.
and Flour
Av'e
per
Bush.
Bush.
34,434,606
70,926,253
28,858,420
•847
72,782,926
49,493,572
678
6-479
55,372,101
70,860,983
•587
6-358
90,167,959
5,629,714
5252
147,687,649
85,461,098
86,296,252
•562
1-243
6,011,419
150,565,177
1-113
7,945,786
5-878 180,304,180
5-666 186,321,514
98,169,877
91,908,175
95,271,S0i
1-185
5,915,686
106,385,828
9,205,661
43,184,915
40,586,825
•684
70,349,012
1127
1066
6-149 121,892,389
5-956 147,811,316
•611
0-862
10,648,145
5-588 111,534,182
4-897 132,570,366
45,247,490
84,653,714
51,834,416
•540
57,759,209
0-870
8.179,241
4-700
94,565,793
63,655,433
•498
101.971,919
0-890
11,518,449
4-510 153,804,969
4-579 119,625,344
40,307,252
•480
24,278,417
•550
4832
69,592,929
•174
4-663 109.430.46t- 101,973,717
4-822 106, 181,31* 30,768,213
4-959 225,665,'"10 75,451.849
•418
$
4,094.094
7-146
1-124
8,973,12*
6001
55,073.122
1-242
3,935,512
6-208
40,325,611
1169
72,404,961
1-338
3,343,665
3,947.333
122,353,936
1-088
153,252,795
9,152,260
65,789,261
0-853
11,983,574
1889....
46.414,129
0-897
9,374,803
1890
1891
1892
1893
54.387,767
0-832
12.231,711
55,131,948
0-933
11,344,304
1894.
1895
1896
1897
1898
1899.
1900
1901 •
.
157,^80,^51
.
0-799
16.620.339
88,415,230
.
1026 15,196,769
117,121,109
...
0-672
16.859,533
88,600,743
$
•471
•543
•558
668
•574
•551
4-542 191,912,631
4-109 164,283,119
46,037,274
534
65,324,841
•4P2
76,102,704
0-576
15,268,892
0-655
14,620,864
3-383 114,714,11'
3-558 126,443.96)-
27,691,137
99,992,835
•529
60,650,080
79,562,020
0-753
0-9J3
0-748
14,569,545
15,319,91?
3-819 116,08-8,972 176.916,365
4'518 217,306,004 208.744,939
•308
118,231,261
....
18,18r,690
3-
•397
•718
18,697,825
139,432,816
...
101,950,362
131.700 000
•
0-7-3
1
8 600 Of
51 222,618,42( 174,089,094
3 62-) 186.090,584 309,318,273
3-7K'- 215.400.oOi, 178 00O.000
•378
•855
•407
*Figures for 1901 subject to slight corrections.
be seen that a little over 73 cents a bushel
was the average export price of wheat in the late year.
This is not by any means the lowest price on record,
It will
but
it
Manchester, 6th
•719
Bbls.
I
1-428
53,047,177
.
COTTON GOODS MARKET*
bush
89,463,351
71 ,039,92b
...
AUTOMATIC LOOMS IN EUROPE— BRITISH
PATENT LAW REFORM-THE MANCRE3TER
compares with 98 cents in 1897-8 and with
In brief, then, while we sent out an
enormous quantity of wheat in the late year, we were
obliged to let it go at rather a small price.
As we
have the wheat to spare and Europe is in want of it
$1 02 in 1891-92.
July.
For some time past a few English cotton manufacturers latterly in increasing numbers
have been
giving attention to the question of adopting the automatic loom. In a limited sense, of course, power
looms have been automatic for the greater part of a
century.
But the term in its generally understood
meaning applies to a loom which will substitute a
fresh weft, or "filling" cop, for an exhausted one, or
for a cop of which the thread is broken, without the
immediate intervention of the weaver and without
stopping the machine. Some other automatic movements are sometimes connoted by the term, but this
is the essential and primary signification.
More than
fifty years ago the "weft fork" attachment had furnished the means by which the loom ceased to work
whenever the filling thread failed from either cause,
but the human weaver was still required to supply the
void, and start the machine again.
This service indeed constituted until lately more than one half of
his duties, and many minds have been engaged for a
long time in seeking to devise mechanism which
would dispense with it. The thing has now been
done, and the world is indebted to American inventMore recently, two
ors for its first accomplishment.
—
—
English inventions have been made known designed,
Communicated by our Special Correspondent
at
Manchester.
THE CHKON1CLK.
110
though
in different
wayB,
to
human
supersede the
tion
[Vol. LXXii],
obviously already begun in the cotton-weaving
industry, possibly in the other textile industries also.
agent in keeping up an unbroken supply of filling.
The AmerlcaD (Northrop) automatic loom has the
advantage of being earliest in the field. It embraces
other improvements besides that just alluded to, but
automatically continuous
its primary feature, the
supply of weft, was completely worked out five years
ago, and the other new features have since been
added. There are now some 00,000 or 70,000 of the
is
The automatic loom
reduce in a very important
degree the cost of weaving, and it will also lessen
greatly the number of weavers required in the manufacture of cloth.
It must also tend perceptibly to increase the consumption of cotton, a necessary result
of diminished price of the finished commodity.
Indeed,
it is
will
a fair inference from the large
number
of
Northrop looms at work in America, the greater portion of which are in the Southern States. Not one of
them has yet been put into operation in the United
Kingdom, strange to say, although a few are to be
seen in mills on the European Continent, and licenses
have been granted to makers of looms to apply the
Northrop inventions in Germany, Austria-Hungary,
Belgium and France.
One of the English automatic looms that of
Northrop looms now at work in the United StateB,
especially of those engaged in producing the plainer
descriptions, such as sheetings and drills, that their
adoption must have had some share in bringing about
the wonderful expansion in the exports of these
classes of goods from the United States to China
within the last two or three years, until the war there
temporarily suspended the demand. In England cotton manufacturers are only just now beginning to be
Hattersley, of Keighley, Yorkshire, is at work conscious of the impending change, but they will not
Messrs.
It is called a " self-shut- be long in taking their share in it as soon as they have
in the Glasgow Exhibition.
tling" loom, and like the Northrop machine it is pro- made up their minds as to the kind of machine which
vided with mechanism for stopping itself on the break- will suit them best.
There is, indeed, one seeming difficulty in introage of a warp thread. It differs from the latter, however, in that it has to eject the shuttle when the ducing the automatic loom into the English cotton
filling breaks or is exhausted, and to replace it with industry. The operative Weavers' Trades Union is an
another duly filled with a fresh cop, whilst the North- exceedingly strong and well organized body. Its
rop loom retains the shuttle in its place, and puts members are paid by the piece, and it is obvious that
into it a fresh cop without appreciable loss of time. if the greater part of the labor required to produce a
It is claimed for the Hattersley loom that it is much piece of cloth is rendered unnecessary, the rate of
less costly than the Northrop machine, that it is less payment per piece must be reduced.
On the whole,
complicated, that it can be run at the highest speed however, the earnings of the individual weaver would
hitherto attained by ordinary looms, and that the ex- be substantially increased, because he would be able
pense of repairs is very little more than that incident to attend to 16 or 24 looms, instead of 4 or 6, the
to the older looms.
present limit. But the adoption of the automatic loom
Another more recent invention is that of Mr. Ber- will obviously, for a time at least, greatly lessen the agnard Crossley of Burnley, Lancashire, which has been gregate number of weavers required, and the funds of
talked of during the last few months, but was only the union will probably be drawn upon for grants to
made fully known about five weeks ago. In this case weavers thrown out of work. Besides, there is an inalso the fresh filling is supplied by an automatic herited tendency, especially strong among English
It is accomplished, in looms work people, to hold together in more or less prochange of shuttles.
the rate of 200 picks per minute, within nounced opposition to innovations which dispense
running at
the space of one-fourth part of a second, and without with the services of large numbers of them. This
the slightest break in the continuity of the filling as opposition was at the root of the great engineers'
In addition to these strike of 1897, when the main question was the atit appears in the woven cloth.
on behalf of the Crossley loom, it is stated that tempt of the employers to adopt the American system
claims
the shuttling attachment can be applied quite easily of placing more than one automatic machine tool to
In that critical struggle the men had to
to all existing single shuttle-box looms, -and that one man.
therefore it involves a minimum outlay of capital.
give way to the inevitable alteration consequent upon
soon yet to form any definite opinion as to labor-saving invention. In the present case it is credIt is too
the probable degree of success of these English inven- ibly stated that the leaders of the Weavers' Union,
—
tions, since
only a comparatively small
number
instructed possibly by the experience of the engineers
of
manufacturers have made acquaintance with in 1897, are convinced that the advent of the autothem. But the interesting question is, Why has the matic loom is inevitable, and that they have made up
Northrop loom, which has now been practically their minds to advise their followers not to oppose its
adopted in the United States on a large scale, never progress. No authentic information to this effect has
found its way into English cotton mills ? Have its been published, out there is good ground for the exproprietors been too busy to bring it under the notice pectation that, with the exercise of due prudence,
of manufacturers in the United Kingdom ? Certain right feeling and common sense, no very serious difficulty will arise in the introduction of the automatic
it is that beyond hearing of it and occasionally reading brief discussions upon its merits in American loom into the English cotton industry.
Another topic which, as will be presently seen, may
newspapers, they have known little about it.until quite
On the other hand, as already stated, the have an incidental connection with this change, is
recently.
Northrop machine has not only been introduced into gaining increasing attention among the manufacturthat of patentseveral continental countries, but is actually being ing interests in the United Kingdom
made in four of them under licenses from the pat- law reform. One of the most prominent branches of
textile
j
|
—
'
the subject involves the question of attaching to the
grant of a patent-right the condition that the holder
entees.
Into the relative merits of these inventions
mature
ant consideration
is
it is
pre-
must either work the invention himself in the
that something akin to a revolu. Kingdom, or must be willing to grant licenses to
to attempt to enter.
The immediately import-
j
i
of
it
July
THH CHRONICLE
20, 1901.]
III
committee, which merely conteiuplatnl a
was supposed to have been imposed by Section 32 of change in the tribunal to which the question of exthe present Patents Act, the Act of L883.
For rea- cising the compulsory power now nominally
in
sons which it would require too much space to set the Board of Trade in any particular case is referred.
forth here, this section proved practically inoperative This change is objected to because, 80 far from reuntil about a year ago, when it was successfully in. ducing the expense of applying for a compulsory
voked by an applicaDt,but only as the result of a very license, it would increase it. The views of the ManIn the four countries al- chester conference, supported as they will be at Notexpensive legal procefs.
ready referred to— Austria, Germany, Belgium and tingham by the Chambers of Commerce in the leading
France, and in some others it is obligatory upon the manufacturing centres, seem likely to be adopted, an I
grantee of a patent monopoly that his invention must probably a vigorous effort will be made to secure the
be put into operation within a definite period in the desired amendment of the Patent Act in the next
The ineffect- session of Parliament.
country conferring the monopoly.
ual character of Section 22, together with
The case of the Northrop loom was used at the
the
English practice of patenting anything, without ex- Manchester conference for the purpose of illustrating
amination into its novelty, has for some years given the interest of the engineering industries in the progreat dissatisfaction, especially to chemical manufac- posed amendment of Section 22, to which, as a rule,
turers in England.
Hundreds, if not thousands, of the persons engaged in these industries have hitherto
chemical products have been made the subjects of been indifferent. It was pointed out that if this loom
patent monopoly in the United Kingdom, most of should prove the best and in any important degree esthem having been registered by Germans, for which sential to the most economical production of woven
no patent right could be obtained in Germany, where goods, it would be possible,in the present state of the
the requirement of novelty is very much more rigidly law, for the proprietors of the Northrop patents to reenforced than it is in the United States. The con- fuse to grant licenses to loom makers in this country,
sequence has been that many useful chemical products, and insist upon supplying the English demand for the
especially those employed in dyeing and printing,have loom from their own works in Massachusetts, and that
for years been much higher in price in England English engineers who manufacture looms would find
than in other countries. Moreover, English chemical their business very seriously curtailed, if not ruined.
manufacturers, owing to the practically inoperative This argument was, of course, entirely hypothetical,
character of Section 22, have not only been debarred but it served to show that mechanical engineers are
from manufacturing these products under licei ses, very far from being so little interested in the
but have found themselves unable to utilize their own proposed amendment as is commonly supposed. It is,
inventions for the working of which the use as ingre
of course, quite possible that the reason why the
dients of one or more of the patented products at a Northrop loom is being made in some Continental
reasonable price was essential.
countries and not in the United Kingdom is that in
The re-casting of this section and other reforms of these countries the patent can not be upheld unless
the Patents Act have been the su* ject of much dis- the invention is worked there, whilst in England the
cussion among business men prominently interested in power to enforce its working can only be exercised
them, but the intricate and technical nature of the after a very expensive legal process at the instance of
question has prevented the creation of a sufficiently an interested applicant for such license.
strong force to secure the co-operation of the Govern,
The Manchester cotton goods market has been on
ment and Parliament in a revision of the Patents Act. the whole moderately active during the past two or
In March last, however, the subject was taken up at three weeks, although the position in the various dethe annual meeting of the Association of Chambers partments differs cor siderably. As a rule manufacof Commerce in London, and a resolution was adopted turers of India descriptions of cloth have done a fair
unanimously expressing the conviction that "serious amount of business, and the production of most of
injury is irflicted upon British and colonial industry these is pretty well sold forward.
The latest weather
and commerce in consequence of certain grave defects telegrams from India give prevailingly favorable intelin our Patent Law," and re questing the Chambers rep- ligence of the progress of the monsoon, and, although
resenting the manufacturing districts to consider the there are still about half a million of people receiving
question with a view to a full discussion of it at the famine relief, it is hoped that when the summer crops
autumnal meeting of the Association at Nottingham begin to be reaped, in little more than two months
in the firBt week of September next.
In pursuance from the present time, the condition of the agriculof this resolution a conference of these Chambers has tural population will have become normal, at least
others to do so on reasonable terms.
This condition
ing
ntal
|
—
conference in so far as the need for Government assistance is
had before it the report of a departmental com- concerned. The demand for goods for China,
mittee of the Board of Trade, to which certain though not active, is steady, and of moderate
questions respecting the Patents Act had been re- amount altogether, as well as that for the smaller
ferred by the Government.
The principal points markets of Southern Asia. Buying for the Levari
recently taken place in Manchester.
The
— Turkish and others— which
has been on a full
On the
search into the novelty of inventions proposed to be scale for many months, is well maintained.
patented and the amendment of Section 22. Upon other hand, there is very little improvement in the
this latter part of the report the conference almost amount of business for Brazil, which has been a dedealt
with
in
the
report
are
the
preliminary ports
unanimously adopted a resolution to the effect that
no amendment of Section 22 will be satisfactory
which does not provide for the granting of compulsory licenses in default of the bona fide manufacture
of the patented article in the United Kingdom, and
disagreeing with the recommendation of the. depart-
more than two
that the considerable number
pressed market for
years.
likely
of
new
It
seems
spindles
the last nine months is
beginning to tell perceptibly upon the supply of yarn,
for spinners frequently find it very difficult to avoid
accumulation of stocks, and indeed this is rot always
started in Lancashire within
THE CHRONICLE.
112
the results of the operations of the
Lancashire joint-stock spinning companies for the
past quarter and half-year, now in process of publica-
possible.
tion,
Still,
cannot be called discouraging.
the rate of from 5 to 10 per cent per
Dividends
annum
REMARKABLE CHARACTER OF THE LATE
TEAK'S FOREIGN TRADE.
As the returns from month
at
are quite
[Vol. LXXIll.
to
month had made
evident would be the case, the country's foreign com-
merce for the fiscal year ending Jane 33 1901 proves
to have been decidedly the largest and best in
tory considering the not very bright condition of the
markets since the beginning of the year and the fre- American history. Tnis iB true, whether we have requent and incalculable fl actuations in the prices of gard simply to the exports by themselves, or to the
total trade (exports and imports combined), or to the
numerous, and these are regarded
as fairly satisfac-
raw cotton.
excess of exports over imports representing the trade
STREET RAILWAYS AS FREIGHT
balance.
CARRIERS.
Within the past few years a new function has been
assumed by various electric lines in the direction of
The benefits accruing from thus
freight handling.
distributing freight at points where it is needed will
greatly improve the financial, and consequently the
social, status of the community in which such distribu
tion occurs. It has given towns situated at one side
of steam railroads direct connection therewith, and
made possible the continuance of business operations
which were commenced under trade conditions that
would allow the cost of teaming, but which, under
the more strenuous conditions of the present, would
have been seriously handicapped thereby. Municipalities situated upon railroads have also shared in
this
comparatively new enterprise.
on
Numerous
pro-
which several have been developed, for the establishment of light freight and exjects are
foot, of
press systems in the neighborhoods of great cities to
convey goods cheaply in large quantities over extenNotable examples]of such plans are those
sive areas.
made for the region about Mmchester, Eagland, and
between Manchester and Liverpool. Thus by enlarging the available
home
area for the toilers of the
cities are the street railways assisting in the solution
of
the problem of lessening
the overcrowding
of
cities.
Interests of quite a different nature
have
been
served in farming communities by the freight distributing systems of the street railways. The farms
are often ideally located for the production of large
crops, but are so far
In the one case as in the others the results
for 1901 far surpass those of all previous yeara.
removed from shipping points
an available market that they are placed
at a
to
The advance
merchandise exports the last
than marvelous.
five years has been nothing less
Prior to 1896-97 it had happened but once that the
valae of these exports had reached a thousand million
dollars, namely in 1891-92, when the total was 1,029
million dollars.
For the time being, however, that
exceptional figure, the total in 1892proved a wholly
93 dropping back to 847 million dollars, and the
amounts in the next three fiscal years being respectla
ively 891 millions, 807 millions and 832 millions.
1896-97 the aggregate again want above one thousand
When this was
millions, it reaching 1,05 L millions.
followed by export totals of 1,231 millions in 189793 and of 1,227 millions in 1898 99, it was supposed that the maximum figures on the present
movement had been reached.
Not so, however.
In 1899 00 the total ran-up to 1,394 millions, and
now for 1900-01 the amount is almost 1,500 milAs a matter
lions, being reported $1,487,656,544.
of fact, if the results were reported in the old way,
the aggregate would actually exceed fifteen hundred
million dollars, for it is officially announced that under the new relations with Hawaii and Porto Rico the
commerce with those islands is no longer included in
the statements of foreign commerce of the United
Spates. Asthe exports to those islands have amounted
to about $25,003,000, the inclusion of that sum would
in the
obviously raise the total of the exports
from 1,487
millions to 1,512 millions.
A
particularly gratifying feature in connection with
this expansion in the export
movement
is
that
it is
great found on examination to be the result of growth, not
This application of the freight carrier merely in one branch or department of the export
Good
well illustrated by the Chicago Harvard & Geneva trade, but in all branches and departments.
disadvantage.
is
Lake Riilway, which was put in operation July 4 crops have been an important element in the advance
This company conducts both a passenger and made, but they have not been the only element.
1899.
with electricity for the motive power,
over a most beautif al and fertile prairie between Harvard, Illinois, and Geneva Lake, Wisconsin. Two
motor cars are kept bu3y handling the freight cars.
If each freight car contains less than twenty- five tons,
two cars are hauled at one time, otherwise but one
car is taken. The road is approximately twelve miles
long, and has five turn-outs distributed at about equal
distances apart along the line. If but part of a carload is to be delivered at a farm or received therefrom, so that the load can be transferred quickly, the
car is stopped directly in front of the farm buildings.
In case more time is required, the freight car is placed
on the nearest siding. By the above arrangement a
market is brought within easy access for the products
freight
traffic,
When
in 1897 98 the value of the merchandise exports
reached the then unprecedented figure of 1,231 million
dollars, it was the rise of 136 million dollars in the
breadstuff s shipments that was mainly responsible for
the increase. But the very next year the breadstuffs
shipments declined 60 million dollars, and the cotton
exports also fell off 21 million dollars, and yet total merchandise exports were maintained substantially unimpaired. For the late year the breadstuff a exports were
valued at 58 million dollars less than for 1897-98 and
only l£ million dollars larger than for 1898 99, but in
face of that fact aggreg'ate merchandise exports, as we
have already seen, have established a new high record.
In view of these facts a summarized statement of the
exports for a series of years, according to leading
Sach a statement is preof these farms.
staples, will be instructive.
While the handling of freight and express by street sented in the following, it showing (1) the value of
railways is yet in its infancy, rapid extension in this the breadstuffs shipments, (2) the value of the cotton
direction, with all its attendant advantages, will shipments, (3) the value of the provisions and dairy
doubtless be made in the near future.
exports, (4) the value of the petroleum shipments, (5)
July
THE CHRONIC
20, 1901.]
the total of the four staples combined, and
aggregate of
all
merchandise exports.
EXPORTS
June
stuffs.
I'tlr
•
1876....
181,181.50!
IM,6B9,att9
1877
1878
1879
117,80
171.US.5os
89,9
1
18,879.41'!
11,484 194,84
181,717.84]
..l
<:
.
1883....
188,870,838 198318,644 198,09
247..I
100,817,110
208,0
1
188,844,71
-
i
197,015.804 114,80
801,988,408 107,882,406
16,55s 805,085.642 90498,816
,881
1.71
50.257.U
019,98
I
50,199.sl.
46,894.91
87,190
511,69"
127.ltU.lis; 898,011
1890
88/NS8,080
47.04.
490,31
•1,1156
ing staples
17,860
99,788,896
237,773.270 104,189,414
154.925.927 850.U6s.ru- 186,984,006
716,103,606
i
49,913,677 010,681
51,4"
593,562,31
1,940
1893
1894
UM
114,604,780 204.ni
1808
1897
141,808.999 190,056.460 131,608,090
197,857,81s. 230,890,97)
8,1 si
16,660,089 499,800,231 807,5;;
69,888,408 580,800,446 888,606.988
62,635,037 628.521,311 1050H
1898....
888,8 7,119 880,449,816 167,840,980
50,125,57!- 7S7,80*,87« 1831488880
1809
1900
J73..IJ9.699 209,564,771 175,508,608
1
....
1901*....
*
t
202,7
188,684,879
211,832.73" 1<>4,481.716
275,400,000 313.E00.C00 193.000.0CO
09,086,734 809,878,709 384441,884
44.S05.998 742,991
P8488
42.142,(5-- 56H.627.71S SI7.8
41,499.81 '6 584,416.967
£6,873,1(8 715,316,21
;i
17,700
1827023302
75,611,111 76'\609.5PO
71.000.000 852,9:0.000 1487656544
Figures for 1901 subject to slight OOrrectlODB.
Including both crude and refined, and also residuum.
The foregoing
serves
to
disclose
— should not be
overlooked, for that
is
the
most important feature of all. The amount of theee
"other" exports is obtained by deducting the total of
the four leading staples from the total of all exports.
In this way we find that from 307 million dollars in
I
890,718,89 139,017,471
899,363,117 85S, 461.211
10,869,189
800,312,654 188,771,44' 138,401.591
166.777.22n 810,869,289 146,870,618
1881
emu
—
I
61.889,708 000,786, ids 700.08
44,918,079 609,49
688.71
47,103.21s 091,016,900
188,788,688 808,829.087
1887
1888
the smaller quantity shipped was 104
The exporter real
million dollars greater.
9-42 cents per pound for his cotton in 1900 01,
age of
against 7*80 cents in 1809-C0 and 5 55
in
of
The growth in what may be termed the " other n
exports meaning the exports outside the four lead-
10,4
40,815,809
106,80
870,888,519 847,69
ney
in
1898-99.
io..*.:
W.80I
1881.
bak a, while
13
1,84
'.'I!.
15,905
I7i
14.671
61,78
162.304,250
810,80
1886....
ileum Total
Stt,
Product!
30.
were only tJ.Su^S
the value
Protri
and
Cotton,
01
were 7,378*882 bales. In other words, in quantity the
cotton exports were actually 873,000 bales lets, while
I.I.UI1M! STAI'LKH.
Ol
WiacaX
ending
the
(•;)
LE.
the wide and
general nature of the growth in the export movement.
The
1895 these other exports rose to 357 millions in
1896, to 422 millions in 1807, to 414 millions in
1898, to
512
1899 and to 634 millions
millions in
For 1901 the amount was approximately the
same as for 1900, or, roughly, 635 million dol'ars. In
the more recent years the increase has followed both
from larger quantities shipped and from enhanced
As some reaction occurred in prices the late
prices.
year, the lack of further expansion in values is not
As a matter of fact, in certain directions
surprising.
decrease occurred, and was looked for. The --other"
a
exports are made up in large part of manufactures,
but they also include (according to the above basis of
Among these
stating the resulte) some other things.
other things are the shipments of cattle and hogs. As
in 1900.
late year's breadstuifa exports were not the largest
on record, but the cotton exports were decidedly the
largest, the provisions and dairy exports were also the
largest, and the petroleum exports were next to the
largest.
The advance in the provisions exports has these shipments in the late year increased in value 7-Jbeen gradual, but the gain in the cotton movement million dollars over the year preceding, it is evident
has been sudden and phenomenal. As compared with that the rest of the other exports must have suffered
the year preceding, the cotton exports record an in- a decrease of about 64. million dollars. Details, howcrease of 72 million dollars, and as compared with two ever, will not be available until the final returns are
years ago they record an increase of 104 million made public, a few weeks hence.
dollars.
As the 1899-00 exports (by reason
short crop of cotton raised in
1
of the
899) were unusually
small, those not entirely familiar with the
may
facts
imagine that the gain in values in 1901 reflects simply
an increase in the quantity of cotton sent out. There
was an increase in the quantity shipped, but as a
matter of fact the enhanced price realized was the
principal element in the higher values. In the following we show the cotton exports in bales and in pounds,
adding also the petroleum shipments in gallons.
Cotton Exports.
Year ending June
30.
Pounds.
Bales.
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1888
1887
1888
1889
1890
1891
1892
1893
1894
1895
1898
1897
1898
1899
1900
1901+
*Peti>
Gallons.
3,214,638
1,491,405,334
3,120,472
1,445,369,130
306,002,294
3,391,795
1,607,533,511
884,873,618
375,002,972
3,462,741
1,628,372,833
3,811,153
1,822,061,114
2,190,928,772
4,549,743
3,694,706
1
,739,975,96
4,626,808
2,288,075,062
3,881,233
1,862,572,530
l.syl,659,472
841,078,741!
419,197,899
894,418,408
556,239,228
499,786,866
508,302,96-
568,106,520
8.969,068
4,283.723
2,058,037,444
574,;")
4,499,579
2,169,457,330
589,551,441
4,696.017
8,864,190,826
2.3*4,816,669
570,988,398
2,471,799,853
6111,845,698
0,890,779
2,907,358,795
708,220,777
5,891411
8,985.219,811
4,431.220
2.212,115,120
714,808.479
803,680,181
5,397,509
8,683,288,880
3,517,433,109
4,872,060
5,020,913
6,965,353
814,5 11, so:
903.011,306
As
to the prospects for the
year, it is impossible to
2,33*-,226,S85
967,62.".. .'18
7,5-1,004
8460,864,996
7.373,382
3,773,110,293
8,100,588,183
8,326,730,962
950,017,769
i.o;8,o o.ooo
fiscal
We
our reasons for thinking that
there is no likelihood of a great falling off in the
breadstuffs exports, even should the corn crop be
below the average. In the case of cotton, it seems too
much to expect an equally high price as in the year
just past; but
on the other hand the quanti:y
shipped might again be greatly increased should the
size of the new crop permit it.
Lower prices, too,
may have to be contended with in the "other" or
manufacturing exports, but here likewise there might
be an increase in the quantities going out.
AVith reference to the merchandise imports, there is
little to say, as there are no special features, and the
The
detailed statement has not yet been issued.
value of these merchandise imports for 1900 01 fell
27 million dollars below those for 1899 00, the total
being
$822,756,533,
against
With
$840,941,184.
and smaller imports the trade balance
reached phenomenal proportions, as will be seen by
the following, in which we give the results for each
separate year, and also in five year periods.
larger exports
TALUE OP IMPORTS AND BZPOBT8 OF MERCITAXDISB FROM
1
2 ?1
TO
1901, DfCLUSlTB.
H9.014.71S
6,090,144
or current
154,034
3,103,751,1)1!)
new
a definite forecast.
give in another article
834,361,574
4,659,705
6,176.3i5
make
6,600,643
1,014,
•Includes both crude and retlned, but not residuum, the exports of the
latter being very su.all.
+ Figure* for 1901 subject to slight corrections.
Thus, notwithstanding an increase
roughly, 410,000 bales in the late year, the cotton exports for 1900of,
Afercha-vilse.
Tear ending
June
30.
Exports.
Total
Imports.
%
8
$
1881
1882
1883
902,:;ls.')U
648,664
750,535,7 02
784,1
1884
1SS5
739,1'
Total 5 years
:.7i;:
j
,217
749,007,1
8,958,146,314
791,629.803
728,18
1
i
I
its.
Exp.
Exp.
Exp.
-
%
83.569
1
1
667/
577,: 27
3,386.710.
067,14
Exp.
"71.290
.
.
THE CHRONICLE
114
MtrchatuU.il.
Tear ending
Jim
port*.'
•
079,490,670
710.103,656
695.H45.9I6
i;.r.ci -us
Of
Import*.
1
E'
npmls.
/'•ha Import*
of
anU Exporti.
1
$
%
1
.
fVoL. LXXI1I
RAILROAD GROSS AND NET EARNINGS
FOB MAY.
688.-'
Exp
27,693.818
1,101 011.469
718,888,263
Imp.
28,903,817
1,414,884,209
788,008,646
7*1.47 1,158
Exp. 74.308,025
1.037.247,241
States railroads for the
3,561.081,700
Exp. 128,423,47*
7,860,601,091
sent below, beyond the fact that the results are of the
787,902,047
712,316,352
Etop.
2J,685;698
1,460,118,809
884,841,884
1,029,893,483
1891
1892
1893
J394
1895
1,313.'
8,689,510,934
Total 5 year*
Exp. 45.317.790
742.292,870
855.7 77,
1387
1888
1889
1890
6.H.17;:.
835,7 17,780
Exp. 48,594,099
Exp. 212,397,08'!
Imp. 7,126,451
1,720,0*9,609
1,H17,3H9,880
Hr.p. 244,132,692
1.53.',882.72'i
same favorable nature as heretofore. If there is any
change it is in the direction of still greater improvement than before. The gain in gross on the roads
reporting, over the same month last year, reaches
$12,808,230, on 13*91 per cent, while the gain in net
is $4,957,002, on 18 "04 per cent.
In both amount and
ratio this excels the res alts for April, which had been
the best of any month this year. As to the conditions prevailing during the month, the grain movement in the West, as also the cotton movement in the
South, was heavier than a year ago, while trade and
business remained large and active, the stock market
panic in May having had no effect on the course of
4,200.233
817,490,31)7
1
851.405,176
017.775,017
807,5.3-1,165
731,969,965
Emp. 75,668,200
1,639,508.130
4,460,959.966
3,887.394,340
777,478.808
Exp. 578,565.626
Exp. 114,713,125
8,348,351,306
892,191,993
882,606,938
779,724,674
1,050,993, "5(1
Total 5 years
Average. ..
1896
1897
1898
1899
1900
764,730,412
616,019,654
1,231.482,330
1,227,023,302
1,394,4:18,082
Exp. 102,882,204
Exp. 28 :,2!«, 114
Exp. 615.432,676
Exp, 629,874,813
Exp. 544,541,838
697.148,189
819,941,184
Exp
nothing special to say with reference to the
compilations of the gross and net earnings of United
is
480,886,626
891.907.709
847.278,725
There
1,701,688,90]
1,669,670,861
1,062.331.612
1,816,728,968
1,847/31.984
1,921,171,791
2,244.124,266
2,078,994,706
9,494, 1*3.621
Total 6 years
Average....
6,736,58^,208
l,li7,817,842
3,707.594,413
741.518.8S3
Exp. 4 15,793,059
1,898,838,724
1301
1,487.659.644
822,756,533
Exp. 664,9)0 011
2.310,413,077
Note.—The foregoing figures are exclusive of gold and silver in ore
exported and imported, wkioh we include in gold and silver.
month
May, which we pre-
of
industrial affairs.
According to the foregoing the merchandise exports in 1900-0 i exceeded the merchandise imports in
sum
the
of,
roughly, 665 million dollars.
The
trade
balance had been large in the three years preceding,
too, but the present amount is greatly in excess of the
best of these previous years.
With such an extraordinary balance in the country's favor, and with an excess of 28 millions in the silver
January
May.
(123 road!.)
1 to
1901.
1900.
Increase.
1901.
1900.
•
$
*
$
•
Gross earn's 101.916,49a
8
82,427.866)
12,808,230 198.176,626 445,782,800
62,441,326
7,851,22* 342,876,031 311,864,481
81,020,560
27,470,857
4,967,002 156,80 ,595 133,877,819
81,423,776
The reader need hardly be
movement, we imported
Incrtatt.
92,108,269
64 637.412
Oper. «xp... 72,488,64<<
Net earn's
May 31.
(123 roads.)
told
that
the present
improvement follows decided improvement in the
net only 11 1-3 million dollars of gold. In the folsame month of other years that has become an old
lowing we have combined the merchandise and the
story.
In May last year our table showed $9,424,461
specie movements so as to show the final extent of
increase in gross, or 12 10 per cent, and $1,725,601 inthe balance.
crease in net, or 7 19 per cent.
In the years precedEXCESS OF EXPORTS
OE IMPORTS (—).
;
(+)
Year ending
June
1901.
1900.
1899.
1898.
1897.
$
$
$
$
ing the record was
much the same, as will be
Merchandise.. + 661,930,011 +544,541,898 +529,871,813 +615,432,676 +286,263,144
Silver
+27,901,139 +21,455,973 +25.643,999 +24,177,458 +31,413.411
Gross Earnings
Year and
Total
Total
Nwmber
Year
Year
of roads.
Gold
seen below.
$
30.
Given.
Preceding.
+692,801,150 +566,097,871 +555,518,812 +639,610,134 +317,676,555
—11,342,332
+3,693,575 -51,432,517 —104,985,283 —44,653.200
May.
63,764,704
53,483,708
+681,468, il8 +569,791.416 +501,086,295 +534,624,851 +273,023,355
61,077,458
69,172,952
72,509,112
63,461,741
77.270.686
72,500,630
1899 (129)
1900 (185)
Year
Year
Given.
Increase or
Decrease.
8
1896 (125)
1897 (185)
1898 (133)
Set Earnings.
Preceding.
Increase or
Decrease.
T"
"T"
+271.031
+1,904,504
+9,044.368
+4,770,036
+9,424,461
+12,808.230
14,406,625
16,618,496
17.410.347
16,148.650
21,632.225
17,911,081
21,634,686
24.185,863
-1,106,871
+2,861,897
+3.821,174
+2,551,277
+1,725,801
+4.957,038
In the final result the favorable balance for 1901 is
87,3 )6,832 77,882,171
25,996,068 24,270,457
82,427,859 27.470,857
seen to be $681,458,818; for 1900, $569,791,446; for 1901 (128) 101,918,499 92.108.269
Jan. 1 to
1899, $504,086,295 ; and for 1898, $534,624,851. For May 31
the four years together the aggregate of these balances 1896 (122) 264,200,283 25). 162. 130 +11.0 8.153 74,193,671 71.212,427 +2,981,244
1897 (131) 288.878.361 287,000,"99
—922,333 82,214,440 77,638,482 +4,635,953
foots up the prodigious sum of $2,289,961,410.
We 1898 (129) 335,813,810 294,687,524 +40,926,786 93,946,237 82.509,738 +16,436,409
1899 (127) 362,824.947 813,599,792 +19,225,155 106,272,847 101.790,518 +4.482,329
shall not attempt on the present occasion to indicate 1900 (133 4i0,3ei,668 885,746.702 +54,614.856 126.180,002 103,791,042 +19.388,960
how this vast sum may be supposed to be accounted 1901 (128> 198,176.628 446.732.300 +62.444 326 165 ?0 1,596 13S.*77,«10 4-21,428.776
for.
To complete our tabulations, we add the followAmong the separate roads, the gains are large and
ing to show the year's gold and silver movements back numerous, while the losses are few and as a rule small.
to 1881.
The following shows all changes in excess of $3 ),000.
PRINCIPAL CHANGES IN
Gold.
Year
Southern Paoiflc
ending
June 30 Exports.
Imports.
Excess of
Imports or
Exports.
Exports.
%
$
Excess
Imports.
of
Exports.
Reading
Pennsylvania t
A ten. Top. & Santa Fe.
<fc Quincy..
L.V.RR.andL.V.C....
Chic. Burl.
*
18SI....
$
2,565,132 100,031,259
Imp
1883....
11,600,888
34,377,054 Imp.
17.734,149 Imp.
1884....
41,081,957
22,831,317
1885....
8.477,892
26,6^1,696
1880....
42.952,191
20,743,349
1887....
9,701,187
42,921,272
1888....
43,937,605
1839....
18,376,2 14
5U.952.285
1890....
17,276,443
13.035,021
18J1....
86,362,863
18,417,370
18J2....
60,208,331
49,918,758
1882....
32,587,8n0
18
>3.... 108,697,451
10,372,145
Exp.
Imp.
Exp.
Imp.
Imp.
Exp.
Exp.
Exp.
Exp.
$
97,466,127
16,900,120
$
10,544,238
1,789.174
16.836,094
8,095,336
6,133,261
20,295,630
10,755,242
9,540,388
18,250,640
27,103,767
14,694,945
12,508,822
Union Pacific.
18,213,804
33,876,262
16,550,627
17,325,635
Missouri Pacifio
22,208,842
29,545,379
19,113,563
10,431,816
33,223,085
26,376,059
21,058,475
6,317,684
Northern Pacific
Baltimore & Ohio
25,561,371
28,146,510
20,519,232
7,627,278
49,5^:0,140
3 ',797,744
25,629,934
11,187,810
4,241,422
36,92 i,57e
28.781.556
8,142,022
67,915,493
22,729,705
26,980,488
•4,250,783
6,355,882
Illinois
8,740,758
Erie
Ohio.
259,573
33,182,220
29,611,817
3,570,373
22,069,380 Exp. 86.6 .'8,071
41,107,181
34,293,999
1894....
76,995,130
72.0t-9.583
Exp. 4,005,567
60,667,059
19,965.713
1895...
66,468,481
36,384,760 .Ecp.30.C83.721
20.211,179
1896.... 112,409,947
33,525,065 Exp. 78,881,882
85,014,780 I rip. 44.653,2u0
47,295,286
60,5il,67f
28,777,186
6,*13,182
30,701,316
27,084,107
31,784,484
61,946,638
56,105,239
30,533,227
3),927,78l
31,413,411
24,177.458
66,319,065
30.676."66
66,712,175
6 >. 285,1*0
35,256,802
25,643,999
21.466,978
27,°0t,130
1897....
40,361,580
1893....
15,406,391 120.391,674 lmp.1049fc5.283
1899
...
37,52 ?,08J
1900....
48,266,75
53.929.52"
1901....
I
88,954,603 Imp. 51,432,617|
44,573181 Exp. 3,693.675
64. 571.8^2 Imp ll.342.S42l
3V84.041
Note. -Gold and
*
This
silver in ore, exported or Imported, are included in the
is
an excess of imports
Central
Rook
Mo. Kane.
I.
&
& Pacific
Texas...
& NashvUle
& San Fran
Louisville
St.
Louis
Chesapeake <fe Ohio...
Seaboard Air Line.
.
Clev. Cin. Chic.
& St. L.
Southern Railway
Grand Trunk
Chlo. Mil.
Chicago
&
&
PauL.
Alton
St.
Wabash
Louis Southwest...
Choc. Oklahoma & Gull
Pere Marquette
N. Y. Ont. & Wrtstern.
St.
Vazoo & Miss. Valley.
Kan. City Southern...
$1,739,272
1,268,307
1,011,600
786,442
774,632
683,375
547,807
490,356
410.195
400,308
388,959
373,031
342,068
272.095
267,511
209,865
186,357
163.160
159,0 >7
1J6,297
134,805
123,534
121,306
118.814
118,576
113,853
110.697
109,663
106,057
92,600
Chic.
EARNINGS IN MAY.
Increases.
&
East
Illinois..
Central of Georgia....
Rio Grande Western .
Nash. Chat. & St. L...
Chic. Great Western..
Norfolk & Western
Mexican Internat'l
...
& Southern.
Denver & Rio Grande
Cent, o f New Jersey
N. Y. Susque. & West.
Indiana Iu. & Iowa. ..
Ft. Worth & Denv. C.
Sav. Fla. & Western..
Peoria & Eastern
Atlantio Coast Line...
Minn. & St. Louis
Phil. Wilm. & Bait. ...
Burl. Ced. Rap. & Nor.
Colorado
.
$76,012
69,265
68,602
64.836
64,698
62,385
62,331
59,992
58,337
53,859
51.583
47,303
42,879
42,856
3'S,894
35,501
3 1,365
34,100
32,423
Total (representing
$12,769,120
60 roads)
Decreases.
Boon. & Plttsb'rg
Wisconsin Central
Mexioan National
Buff.
$ 5 2,49
49,549
46,007
Total (representing
3 roads)
$148,047
Covers lines directly operated east and West of Pittsburg and Erie.
The gross on Eastern lines increased $644,100 and the gross on
Western lines increased $367,500.
t
above.
GROSS
Increases,
SlLVEK.
July
THE CHRONICLE.
20, 1901.]
PK1NOIPAL OHANGfcS IN
I in ri-im.'it.
I'aeirio
Southern
Pennsylvania
NUT
I
$706,848
646
t
KAKNINUB IN iTl AY.
I ncreaae*.
Union Pacific
949.853
Choc. Okiah. <$> Gulf..
.traud Trunk
N. V. Out. A Western.
Rio Grande Western..
Yazoo & Mian. Valley.
Illinois Central
•lO.H,757
Reading
406.205
209.2*5
257.410
217,093
213,090
179,668
47
45.97o
Ann Arbor
H8.«-'ti
47,1
Iowa Central
Missouri I'nclrto
Atcii. Top. & Santa Fe.
Culo. Buri.&Ciuluoy..
Erie
Chic. Mil. A Ht. Paul..
Louisville <fr Nashville
HK.A1.. \
Baltimore & OLlo
138,33 i
127,907
113,728
89,454
81.249
75,2*0
73.294
Leli. Val.
Ohio. R.
&
I.
....
Pa.-lno..
Seaboard Air Line ...
Kansas City Southern
Chicago A Alton
Southern Hallway
Chesapeake & Ohio...
Northern Pacific
Bt. Louis <fe San Fran.
ObloagO .V Kast 111....
69,<;;»"v
68.9^7
Colorado
&
41.
81
& West.
Southern
diately, the additional 95 000 shares of
new
st
ck having
already been subscribed and paid for. No formal notice was
(I to stock holders for the reason that their
number U so
few, and it is understood that the great inaj jrity of the
stock, if not indeed the whole of it, is own.-d by George F.
at,
Baker, the Prtftldent, H, C. Fahneetock, the Vioi
It
is currently reported tint the
estate.
(iirland
irland holdings were recently bought by J. P, Morgan. No
I
.
.
30.7J1
Total (representing
46 roads)
$5,053,457
Decreases,
Mexican National
Canadian Paclno
Mexican Central
$98,719
60,
47,^42
AtluutlcCo.4Stl.liie.
Buffalo Rooli. .V Pitts..
<
«
hi in assigned for the increase of <-ajiitul, though it is
conj ctured that the lef.-al limitations regarding loans, which
confi ie theBe to 10 per cent of the capital to any one individmanagers to increase their
ii U borrower, have induced the
capital.
68.3
66,735
55,894
.
40.2oii
Grand Trunk Western
3 ».7(JM
31,140
55 104
52.426
50.S63
are opening bond dethe purpose of supplying facilities for firstpartments for
Total (representing
6 roads)
$326,767
investments to their customers. Notice has been made
these columns of the recent improved facilities of the Chicago First National Bank fordoing this class of business.
1
8t. Louis Southwest...
Denver & Rio Grande.
Pere Marquette
Mexican
N. V. Susque.
i
42.17)
nr,
lnternafl....
—One after another the Chicago banks
i-Ihs
Covers lines ''lreotly operated east and west of Pittsburg and Krlc.
on Eastern lines Increased $424,000 and the net on
Western lines inoreased $222,200.
t
The net
When
arranged in groups, every group records a
gain in gross, and every group outside of the Mexican
a gain in net, though the percentages vaiy considerably, reflecting the difference in the character of the
conditions ruling in the different sections.
SOMMAKT BY GBOCPB
i
in
The State Bank of Chicago also has an active bond department under the direct supervision of Assistant Cashier
Henschen, and the Merchants' Loan & Truest Company, with
J. E.
Blunt
Jr. as
manager.
— Ia response to an
inquiry by Schulz & Rackgaber of this
city regarding the Internal revenue tax required on bills of exchange drawn abroad and payable in this country, ths Commissioner of Internal Revenue has made the following state-
ment:
Orois Earn\nat.
8STTI0N OB
Obocp.
1901.
Set Barningt.
19U0.
May.
Trunk
Bast.*
Inc. or zttc.
»
25.251.881
1)
Mirl. (14
23.061.13f
$
8,123.497
7,032.530
11,660,731
9,492,947
2.618.921
1.869.058
2,881. 060
lines. (13
Antrim, cork
1900.
1901.
2,818,590
969. t58
6.081,694
0.988,692
2,147.964
1,468.373
12,408.7«S
11,027,768
8.419,624
2.853.251
Southwest'n.il3)
12,6-4110
10,43H,9.»S
4,482,679
P. C.
1454
+618,868 34*45
+13.819
1 41
+689,591 47-29
+666.3 f 19-86
+891.776 2419
1-41
+19,424
+747,318 445
+439,0 "4 18 49
—104,717
b\6
946,639
Mid. West'n.(17
Morthwest'n(ll)
t
+1,030.957
8.600.8U4
8,62 1.81"
North
P .olflc (8)
9,113.666
8,3*0.59o!
8,670 742
South
Paclflc(S)
7.671,534
6.860,9 M|
2.423.274
1.676 931
..i8l)
13,282.307
12,074,279
3.696.0111
3,256,942
...i5
2,982.008
2.983.88S
1,091,391
1 196.108
Total. (123 rds- 104.916,499
92,108.269
82,427,859
27,470.857
+4,957,002
18-04
limes. (13) 119.148,931 110,813,721
86,133,62.'
81,814,61-1
18*58
7.822,731
+4.319,001
+8,039,292
3,709,276
+380.933
+1,922.0 9
+1.369,961
+4.99J.441
Boutheru
Mexican.
Jan.
.
1 to .V<iy
Trunk
—
81
Anthr. coal..' 7)
East.4 Mid. (14)
Mid. West I:. 17
Horthwegt'n (11
Southwest 'ii.is
North a;iflc(3)
South Paclflc(9)
Southern
:;
Mexican
1
"I have to acknowledge the receipt of your letter of the
10th inst., in which you inquire relative to tbe stamp tax on
bills of exchange or drafts drawn in any foreign country, but
payable in the United S'ates
"In reply you are informed that this tax was imposed by
Sac. 11 of the Act of June 13 1898 and was not repealed by
the amendatory Act of March 2 1901. It* such bill of exchange or draft is drawn at sight or on demand, it will now
require no stamp, ii consequence of the abolition of the tax
on domestic drafts of that character. However, if a draft
or bill of exchange drawn in a foreign country, but payable
in the United States, is drawn otherwise than at sight or on
demand— that is, is a time draft stamps must be affixed before paying or accepting the same indicating a tax to the
amount of 2 cents for each $100 or fractional part thereof.
(6
Total.M23r'dfO
"(Signed)
63.8s8.762
4\033.0.»4
IJ.822,035
12.620,876
4,080.209
10.86202
33.391,281
29.066,946
10.936,412
9 013.781
5 S 723,890
51.977.802
18,241,300
16,871,314
61 61S.279
60.851 08t
21,761 727
Id,7rt2.2f6
40 685.353
36299,010
67 .817,826
13 933,217
37.441,589
16.575.670
15.898,228
U8.l7fl62<
28.917,26(
20,660,011
8,389.393
18 '90.632
13.926.87v
l
11.338.362
61.268.12:
4 817.216
6,306,6; 5
41\732
+687.4 12
+2,931,669
+2,2e9 879
-439,277
6W6 133.877.81»l ±21. 423.778
800! 156.80'
88-85
8*65
2133
8*12
2W82
4 83
34-i,5
12-11
8 28
18-00
J.
W. Yerkes, Commissioner."
— OK.
Chapman, formerly Assistant Cashier, has been
appointed Cashier of the Ninth National Bank to fill the vacancy caused by the death of H. H. Nazro.
— At the annual convention of
the Pennsylvania Bankers'
TrowBanks
President of the Ninth
President of the Ameri-
Association held at Erie, Pa., last week, Mr. Alvah
bridge delivered a capital address on the subject of "
as Combines."
Mr. Trowbridge
is
National Bank of this City, and also
have felt a warm interest in
can Bankers' Associaion.
Trowbridge's prosperous career during the last quarter
Mr.
of a century.
When he was a very young man some
thirty years ago— he filled for a time a position in our office,
giviag promise then of those clever qualities and sterling
characteristics which have since distinguished him through
Mr. Trowbridge has an unconventional way of speaklife.
ing which adds to the force of his remarks, and which cannot
be indicated in any way except by reproducing his exact
We
ITEMS
ABOUT BANKS. BANKERS AND TRUST COS.
—The
of
sales of bank stocks this week aggregate 624 shares.
which 599 shares were sold at auction and 25 at the Stock
Exchange.
A block
of 510 shares
(par value $25 each) of
—
Broadway Bank, sold in one lot at 301,
comprised the bulk of the business. The first public sale of
Seaboard National Bank stock since March 1899, when the
price was 235, was made at the Stock Exchange this week at words.
450.
la the "curb" market National Bank of Commerce stock address:
stock of the National
has sold ia fairly large lots at 370 to 387.
were Mechanics'
City
Bank stock
&
Other tales reported
Traders' Bank stock at 140 and National
at 640-670
offered for 1,000 shares
E irly
in the
week
1
ter cent was
Seventh National Bank stock, but
no sale resulted.
8kare$.
Banks— New
York.
Price.
510 Broadway Bank, National
801
1 Chemical National Bank
4025
25 Imp'rs' & Traders' Nat Bank.. 577
53 Mechanics' National Bank
270
2 Republic. Nat'l Bank of the... 290
*25 Seaboard Nat. Bank
450
Bank —Brooklyn.
8 First National Bank
300
TBD8T COMPANIES— N.
25 Trust Co. of America ..
*
Last Previou$ BaU.
May 1901— 350
June 1901— 4050
May 1901—
:!
i
541
June 1901— 370^
May 1901— 292
Mar. 1899- 235
July
1901— 300^2
T.
Sale at the Stock Exchange.
the substantial
portions
of
his
The bank as a combine— I don't know if you really know how It
starts. I was born In a plaoe called Sodom. It was not the 8odom. Ic
gut to be quite a village, and a railroad ran within a couple of miles.
and the commercial interests of the locality began to look up, and
some
of the folks wanted a bank. There was a bank in Peekskhl, only
twenty two miles away, and that was a very prosperous and successful one. So to meet this long-felt want a few men were induoed to
subscribe to the organlzithn of a bank. One of the gentlemen, I rein-mber, had been justice of the peaoe, and in the local paper whloh
was published at the county seat, el^ht miles away, it was stated that
he had been Induced to accept the presidency of this tl'iancial lns'ittition. It was, of course, pro bonopubliro
There was not any though:
of auyboily getting anything out of it, as you can easily see by the fact
that men had to be Induced to subscribe to the stock and to take the
presidency and even to take the oashlirshtp.
Tuat is the way a bank is a combine. It is made up of the money of
a an/.. -M or perhaps a hundred money lenders. Some of them are
(iretiygnod borrowers, too, but primarily they are in ney lenders.
Tue bank as a oombine can outdo iu money lending 'he whole dozen
or the whole hundred If they work 1. divldually. One hundre men
who put together one hundred thousand dollars have the call on the
mouev lending in a moderately-sized plaoe. and th hundred ui -n who
have put up that hundre thousand dollars, if each were to work on
his own capital, would go out of the business. Now, why do they do
[s It altogether because It is more convenient for a borrower to
this!
go to mi" pace and know that that la the place in the town where
money is to be loaned, or because he knows the bank is at home every
day ant he does not know whether Mr. Smith, who has a thousand
dollars to lend, will be home next week when he wants to bo -row
It is not altogether that, It is partly that; but it is because the business of banking is set up in that place. That is a oomhiue, pure and
simple, for the purpose of getting as much interest out of the *luO,000
capital from its use In that oommunly as possible. It has a side Issue
1
late yesterday
afternoon
that the directors of the First National Bank of this city had
increased their capital stock from $500,000 to f 10,000,000, and
from
give below
i
June 1901— 279>4
265
—The announcement was made
the 6nrplus
We
$5,000,000, or $9,616,000 including undivided
making the
The above- noted increase
profi's, to $10,000,000,
total capitalization $20,-
000,000.
is
to take effect
imme-
I
THE CHRONICLE.
116
— the
very gracious oirer to receive the voluntary deposits of the
on June 2
1
[Vol.
902.
It is
noteworthy,
which
per cent a month,
also, that dividends,
(iWII benefit.
leiiMdual bank, as an In. 11 vld mil combine. Is not the whole
'I lie
mi nt ^ l.Uli r, inMiii h i-v. rytlilnn in the
The bank 1h a. cm
It.
public HIKl
IIHII till 111
for
LULL
ttrt
of heretofore have been three fourths of 1
way of have been increased
to 1 per cent a month.
baelncAH. Even In tome of thomitlying nartR of New Yoik, where we
coal liulu*trlen-and we do have some coal mines In
have Iron ud
-The vote tbken by the stockholders of the Lincoln Trust
which
New York—basks are very useful in the eimibincH here- are formed
could look Company of St. Louis on July 9 on tbe question of increasing
see a man
for the working of these. Industrie*.
were to try- who knows all ahoiit that. He Ih one of
ri* lit at him If
the capital from $1,000,000 to $2,000,00^, resulted in the apthou wicked New York bankers. hIh bank known a good deal about
tinoommerolal combines.
proval of the proposition. The intention to hold the meeting
I
I
1
i
even though von have never tried It In Pi nnaylvanla,
not necessarily had. Even a financial combine is
la
not all bad. The gentleman who delivered the address this morning hinted that there were oomblnes which put down wages. I
Aftor
all,
columns on May IS. The new stock will
be sold at $200 per share— the premium of $1,000,000 realized
sorry to know that It is being added to the surplus.
Payments are divided into four
am lorry; deplore those ci mblnes. I am
know that hanks a<* comtrue that there are any snob combines.
cent was paid on Monday of
bines i>ny miserable wages, and I suspect that even they combine with instalment?: the first 25 per
other combines that pay quite as had wages. But that is not the this week; another 25 per cent will be due on August 15;
thing they are primarily for. Combines are not primarily for that. If
the State of Pennsylvania can beat any other equal area In manufac- still another on Septemtx r 15, and the final 25 per cent on
a combine
was noted
in these
I
I
tures through the combination of the efforts, wisdom and capital of
elf /ens, If thewhole world looks on and sees that within the area
of this commonwealth greater woiks are done ci mmerclally than anywhere else, oi mbinatlon hns gained something. It lias put this State,
as It has put the Unit en States, at the forefront; it has set up a shining
maik which the whole world Is alining at commercially, it has not
been very long- In fact I was pretty well irrown before It began—
since this countrv began to be great financially. The United States,
this young country, only 120 i ears old. Is the maiket that the whole
wo'ldlH aiming at. What brenght It about? You may pay the individual tllbrts of the Industrious Americans, hut you will llnd when you
come to analyze it that It Is the combined efforts of various Industrious Americans, and that banks are not the only combines, even though
they may be mi del combines, and possibly leading combines, In this
nation's development.
The speaker who preceded me mentioned one combine of which I
am very proud, and be told a story which I would have told if you bad
given me the first chance; the combine he mentioned was the American Bankers' Asfoolation against professional criminals. I could
tell you something about bow much money we spend to carry on that
work, and it comes out of the 5 200 hanks, members of the American
Bankers' Association. As be truthfully said, there is not a professional hank criminal at large to-day. We combine against him In
every way. There was one man who had followed an Important
and considerably varied oareer; he had been a member of the Legislature in one of the States, and had become notorious in other ways.
had him caught five or six times, and tried him seven times, but
we got him at last; we combined against him, and he is now serving
a nine years' sentence, and we have three warrants at the penitentiary door awaiting their turn when he comes out; and If we do not
give him as much as he can possibly carry, it will be a weak spot in
the combine.
Its
We
—Authority has been given,
by the State Superintendent
of Banks, to the Empire State bauk to do a discount and deposit business in the Empire building, No. 71 Broadway. O.
F. Thomas has been elected Vice-President and Leroy W.
Baldwin Cashier. The bank has a capital of $100,000.
and among the directors are C. C. Ramsay, C. S. LipE. Bell, W.
Baldwin, E. R. Thomas,
pincott, Park
William E. Nichols, C. M. Higgins, E. J. Kelly, Frederick
H. Smith Jr., Robert E. Jenningp, Willard Brown and
Philip Ieham of this city. The bank will introduce a new
feature in banking business, and it vvill open earlier and
will close later than banks generally, in order to accommodate patrons who may be busily engaged during the middle of the day.
—Horace Gray, who was
a director of the Seamen's Sav-
Bank since 1870 and Vice President since 1890, died at
his home in this city on Thursday in the eighty-first year of
his age. Mr. Gray was born in Boston, and after graduating from Harvard, came to this city and entered the house
of Goodhue & Co., which was in the China trade, as a clerk,
of which house, it may be noted, Pelatiah Perit was the
head, Mr. Goodhue being in ill-health. Upon the death of
Robert C. Gocdhue in 1863, the firm was dissolved, and Mr,
Gray associated himself with Mr. Weston, a fellow clerk,
in organizing the house of W<ston, Gray & Co., which
later became Horace Gray & Co.
Mr. Gray retired from
active business in 1875. He was a trustee of the Atlantic
Mutual Insurance Co., having been elected in 1873.
A further increase is to be made in the capital and surplus of the Mercantile Trust Company of St. Louis. Only a
ings
—
we noted that the capital had been raised from
$750,000 to $1,500,000 and the surplus increased to $3,000,000.
The capital is now again to be doubled— the entire authorized amount of §3,000,000 to be issued
As the new stock is
short time ago
to be sold at $400 per share, a total of $6,000,000 will be realmore to be added to surplus account,
ized, giving $4,500,000
making it $6,500,000.
The "Globe Democrat"
of St. Louis prints
paragraph regarding the history of
an interesting
company since its
organization. The company was incorporated in November
1899, with an authorized capital of $3,000,000.
At the date
this
of organization 7,500 shares of stock were sold, the piice
paid per share being $220; on January 4 last it was decided to
sell 7,500 additional shares for $265 per share.
The remain-
ing 15,000 will now be sold, as above stated, at 8400 per share.
Payments are to be 25 per cent on August 1, 25 per cent on
November 1, 25 per cent on February 1 1902 and 25 per cent
October
15.
Federal Trust Co. of Newark, N. J., was incorporated this week with a capital of $500,000 and a surplus of
like amount.
The company will conduct a general trust
—The
A number of names
prominent in financial circles of New York, New Jersey and Pennsylvania
are included in the list of subscribers. The enterprise has
been promoted by Joseph M. Byrne of Newark, and it is
stated that Judge Andrew Kirkpatrick, of the U. S. District
Court in New Jersey, will probably be the President and
company
business.
Charles H. Ely, Secretary, of the institution. Offices will
be opened at 765 Broad Street as soon as the necessary alterations can be made.
—A number of interesting addresses are down
on the programme of the twelfth annual meeting of the Minnesota
Bankers' Association, to be held in Duluth next Wednesday
and Thursday. Mr. F. I. Whitney, General Passenger Ag< nt
of the Great Northern Railway, will speak on "Our Trade
Relations with the Orient;'' Mr. J. W. Lusk, President of the
National German-American Bank of St. Paul, will discuss
"Financial Panics in the United States;" Mr. William B.
Dean, of St. Paul, has chosen "Asset Currency" as his topic,
and Mr. David R. Forgan, Vice-President of the First National Bank of Chicago, will talk at length on "A Decade of
Financial Progress."
reported that the Traders' Bank of Kansas City
(Kansas City, Mo.), has increased its capital from $50,000 to
$100,000. Mr. J. R. Dominick is President; E. J. Colvin'
Vice-President, and J. C. English, Cashier.
—It
— On
is
the City National Bank of Kansas City, Mo.,
will have a new President Mr. Samuel W. Jurden, now
President of the Bank of Holden, Holden, Mo. The retiring
President, Mr. R. M. Snyder, has disposed of some of his
holdings in the bank (retaining only enough to enable him to
remain as one of tbe directors) to Mr. Jurden and Mr. R. C.
Kerens of St. Louis. One other change will be made in the
officials of the institution— Mr. Robert M. Snyder Jr. (eon of
the retiring President) becoming Assistant Cashier. Mr.
August
1
—
James G. Slrean
is
is
Vice-President and George P. Snyder
Cashier.
—A new trust company in which
Mr. Edwin L. Porter, a
Vice-President of the Mercantile Trust Company of Pittsburg, has become a director, has been organized in Allegheny, Pa. The institution will operate under the name of
the Provident Trust Company. The name originally proposed was Germania Trust Co., but persons interested in the
Germania Savings Bank protested against the use of the
word "Germani?." It will have a capital of $2(0, 0C0 and
surplus of $50,000, and its offices will open late in October.
The remainder of the directors are Alleghenians, and include: Mr. G. W. Eisenbeis, Cashier of the Ohio Valley Bank
of Allegheny; E. R. Kopp, C. F. Ober, Eugen Gerwig, E. M.
Schlag and H. Albrecht.
—It will doubtless be remembered that we stated in these
columns some two months ago that prominent citizens of
Pcughkeepsie, N. Y., were contemplating the purchase of two
banks of that city (the City National and Poughkeepsie
National), with the view to cc mbiniDg the same and forming
a trust company. Official information comes to us now to
the effect that the stockholders of the Poughkeepsie National
voted on the 26th ult. to increase the capital from $150,000 to
$250,000— the addition.' 1 amount being authorized for the
purpose of effecting a consolidation of the two banks named.
Our informant further advises us that a syndicate working
in harmony with the proposed consolidation has secured all
of the stock of the City National (with the exception of a few
July
THE CHRONICLE.
20, 1901.]
merger is practically consummated, although the vote on the liquidation will not be taken uutil Aug
5.
As soon as authority has been given for the formation of a
trust company (notice of intention of which is now being
published) the merger of these two banks into a trust company will be completed. The latter will occupy the building
shares), so that the
of the Pougbkeepsie National Bank.
Sjme
of the stock-
holders of the Fallkill National Bank of Pougbkeepsie are
also interested In the venture. Mr. S. G. Guernsey is President of the Pougbkeepsie National; B. P. Wayne, Vice-l'n hi
dent, and T.
W.
Barrett, Cashier.
— A commodious building
117
and solid carved oak walls. The safe deposit vaults,
ions enough to hold 10,000 boxes, are of the largt-st and
most approved design. In addition to Mr. McCarter the
official staff is compoHed of Mr. John F. Dryu
dent; Jerome Taylor, Sec >nd Vloe President an 1 Trust
Officer, and Frederick W. E^uer, Secretary and Treasur.r.
tiling
(
—A call for
per cent of its capital of $">00,000 has been
by IbJ Allegheny Trust Company of Pittsburg, Pa.
This company, as stated herein at the time, was organized
last month, and will have a surplus when the entire $900,000
it will shortly absorb
capital has been paid in of $125,000,
one of the oldest of Allegheny's financial institutions, the
Nation's Bank for Swings, organized in 1871. The price at
which the latter will be taken over is §110 p.T share, par
value $50. Mr. J. A. Myler is President of the Nation's
Bank; W. N. Matchneer, Vice-President, and Charles Schneider, Secretary and Treasurer.
)
Isen d
now in coursa of construction
intended as the home of the
recently organized City National Bank of Lafayette. The
structure is expected to be ready for occupancy by S ptember 1, when the bank will throw open its doors to future
patrons. Mr. LeRoy C. Slocurn, the Cashier, writes us that
the institution has been capitalized at $100,000, all of which
has been subscribed. A call has been issued for the paySTATISTICS
U. S.
ment from July 20 to August 1 of 50 per cent of the stock.
From summaries which will appear in the Thirteenth
Besides Mr. Slocum those in charge, of the bank are: Samuel
Statistical Report of the Inter-State Commerce Comn.
Hjne, President; William T. Dobbins, Vice-President, and
-ion, the figures in the following advance statement, covJ. M. Oppenheimer, Assistant Cashier.
ering the year ending June 30, 1900, are obtained:
—Oa the 15th iDst. the stockholders of the Illinois Trust &
RAILWAY RECEIVERSHIPS.
The numberof railways in the hands of receivers on June 30, 1900,
Savings Bank voted to increase the capital stock of that in\\ ;t- 52, there being a net decrease >>f
19 a- compared with the correstitution from $3,000,000 to $4,000,000.
The new stock will sponding date of ttie previous year. The number of railways placed
in charge of receivers during the year was 16, and the number rebe issued at par to present shareholders October 1.
moved from their management was 35 The operated mileage of the
30, 1900, was 4,177-91 miles,
—Henry C. Hackney, Chicago broker, has moved into his roads under receivers on June them. Complete returns for of which
:S,<; 10-32 miles were owned by
roads in
in Lafayette, lad.,
which
is
is
OF
new and commodious
offices,
No. 191 La Salle S:reet.
custody of the courts are not always available, but from the data
It appears that the capital stock represented by railways
uinler receivership on June 30, 1900, was $103,6)0,855, funded debt
$107,393,022, and current liabilities #35,531,6 JO. These figures show
a decrease In capital stock represented, as compared with the previous
year, of $112,113,833, and In funded debt of $199,093,718.
tin-
at
'
—Mr. Hermann Wollenberger, a former broker on
the
Chicago Stock Exchange, has proved an efficient and enterprising manager of the bond departmsnt of the brokerage
firm of Otis, Wilson & Co. He has been especially success
securing and selling several foreign issues, notably
imperial bonds, as well as Mexican
governments. Tne large issue of Chicago Metrop3litan West
Side Elevated 4s, which this firm recently bought, has been,
we understand, almost entirely disposed of.
f al in
German municipal and
—Mr.
A. R. Thompson, formerly Indiana State Agent of
the City Trust, Safe Deposit & Surety Company of Philadelphia, will open a branch office ia Iadianapolis about August
1 for the stock and bond house of Granger Farwell & Company, Chicago and New York. The location will be on South
Pennsylvania Street, near Washington.
hand
MILEAGE.
On June
30, 1900, the total single-track railway mileage in the
United States was 193, 345*78 miles, an increase during the year of
4, o"ii 12 miles being shown.
This is a greater increase than that for
any other year since 1893. Practically all of the railway mileage of
the country is covered by reports made to the Commission, the amount
not covered being 789*75 miles, or 0*41 per cent of the total singletrack mileage. The aggregate length of railway mileage, including
tracks or all kinds, was 259.788 07 miles. The distribution of this
aggregate mileage was as follows: Single track, 193, 345*78 miles;
second track, 12, 151*48 miles; third track, 1,094*48 miles; fourth
track, 829-29 miles; and yard track and sidings, 52,36 70 1 miles.
CLASSIFICATION OF RAILWAYS.
The number
2,023.
Of
Minneapolis, Minn., August 1 the firm of Wallon, Case
Co. will open offices in the Chamber of Commerce Building for the purpose of dealing in stocks and grain on commis,
&
sion.
The firm will have memberships in the Minneapolis
Cnamber of Commerce and the Chicago Board of Trade and
has applied for a seat on the New York Stock Exchange.
—With the recent retirement of Mr. H. H. Camp, President of the Milwaukee Trust Company, Milwaukee, Wis.,
the Vice-President, F. G. Bigelow, also resigned. The latter,
however, was immediately chosen as the new head of the
institution, his successor as Vice-President being Mr. J. H.
Van Dyke Jr. The other officers— Robert Camp, Secretary
and Treasurer, and S. Stockdale, Assistant Secretary— remain unchanged. The capital of this company has been increased from $100,000 to $200,000.
—With
a capital of $100,000, a new bank, the Shreveport
National, opened for business this week in Shreveport, La.
Its President is Mr. Arthur T. Kahn; Vice-President, Col.
John
S.
Young; Cashier, A. L. Williams (formerly Cashier
Bank of Lake Charles, La.,) and As-
of the First National
sistant Cashier, J. J. Jordan, late Cashier
National
Bank
of the Ouachita
of Monroe, La.
—Upon invitation of President Uzal H. McCarter, one of
our representatives was this week given the opportunity of
inspecting the new banking room3 of the Fidelity Trust Company of Newark, N. J. Practically the entire first fljor
and basement of the Prudential Life Insurance Building,
covering a depth of 230 feet, are occupied by the trust company. The offices are certainly handsome, finished, as they
are, in marble, with gold trimmings.
Special reference
might be made to the commodious quarters accorded the
officials and also of the board room, with its stained glass
was
number 1,067 maintained operating accounts, 8V7
of the railway corporations included in the report
this
being classed as independent operating roads and 220 as subsidiary
The operate! mileage of roads merged, reorganized or consolidated during the year was 9,546*90 miles. The corresponding hgure
for 1899 was 5,846*35 miles.
roads.
—
Chapin & Gaylord of Chicago and New York have issued
an interesting circular on People's Gas.
—In
RAILROADS.
EQUIPMENT.
There were 37,663 locomotives in the service of the railways on
June 30, 1900, or 960 more than the year previous. Of the total number reported, 9,863 are classed as passenger locomotives, 21,596 as
freight locomotives, 5,621 as switching locomotives, and 583 are not
classified.
The total number of cars of all classes in the service of the railways
on the same date was 1.450,838, an increase of 74,922. Of the total
number, 34,713 are assigned to the paesengor service, 1,365,531 to the
freight service and 50,594 to the direct service of the railways; cars
owned by private companies and firms and used by railways are not
included in the returns made to the Commission. Both locomotives
and cars being embraced in the term equipment.it appears that the
total equipment of the railways on the date referred to was 1,488,501
EMPLOYES.
The number
of persons employed by the railways of the L'uited
states, as reported for June 30, 1900, was 1,017,653, or an average of
529 employes per 100 miles of lino. As compared with the number
employed on June 30, 1899, there was an increase of 88,729, or 34 per
loo miles of line. From the classification of these employes it appears that 42,837 were enginetnen, 41,130 firemen, 29.957 conductors,
ami 71,274 other trainmen. There were 50,789 switchmen, Bagmen,
r a tollmen.
During the year ending June 30, 1900, $577,264,811
wa> paid in wages and salaries, an amount $131,756,530 in excess of
that paid during theliscal year 1895.
CAPITALIZATION OF RAILWAY PROPERTY.
The amount
of railway capital outstanding June 30, 1900, was $11,This amount assigned to a mileage basis represents a
capitalization of $61,490 per mile of line.
Ol this amount $5,845,579,593 existed In the form of stock, of which $4,522,291,838 was
stock and $1,323,287,755 preferred stock. The aaiouut
common
which existed in the form of funded debt was 95,645,455, 67. This
amount was classified as mortgage bonds, $4,900,626,823; miscellaud
neous obligations, #464,983.311; income bonds. $219,
at
equipment trust obligations, $60,308,320. The amount
liabilities not included in the foregoing capital statement was $594,787,870, or $3,183 per mile of line
The amount of oapital stock paying no dividend was $3,176,609,698.
or 54*34 per cent of the total amount outstanding. Tue amount of
funded debt, excluding equipment trust obligations, which paid no
Intel est. was $378,937,806. Of the BtOOk paving divide ds, 10 I s p
cent of the total amount outstanding pud from 1 to 4 percent, 14*56
per cent paid from 4 to 5 per oent. 6*93 per cent paid from 5 to 6 per
29 per cent paid from 6 to 7 per cent and 6*40 per oent paid
cent,
from 7 to 8 per cent. The amount ol dlvldenaa declared during the
ate
year was $139,597,972, which Would be produced by an B
ed.
oi 5-23 percent on the stock on which sum- dividend wi
Theamouutof mortgage bonus paying no interest wi
or 5*44 per cent; of miscellaneous obligations -1516,779,175, or 3ol per
cent; of incoiui bonds $95,284,008, or l3"40 per oent.
491,034,960.
i
l
TRAFFIC AND PUBLIC SERVICE OF RAILWAY
The number of passengers carried during the year ending June 30,
19J0, was 576,865,230, an increase or 53,688.722. Tue number of
J
<HE CHRONJCLE
118
passenger mileage— was lo.o.io,pMeengers carried one mile—thai
U07.217, an Increase of 1,447.679,604.
The number of tons of freight carried durinir the year was 1,101,Pherumberof tonsof freight
680,238, an Increase ol 141.9K
carried one mile thai Is, ton mileage—was 141,599,157,270. The inoreaseln the nnmber of tons carried one mile was L7, 931,900,117.
The number of tons carried one mile per mile of line wa» 785,366,
These Ugores show an Increase In the density of freight traffic of 75,801 toiiH caii led one mile per mile of line.
The averaee revenue pet passenger per mile fort ho year ending
ding jear it was 1-925
June 30, moo. was2'003 cent-. For l he i>r
729 cent, while
cents. The revei.ue per ion of freight per mile was
lor 1899 it wan 0'724 OCi.t.
li
.
Austria-Hungary and
[Vol. LXi.1.1,
France unwilling
in
to
employ money
Germany.
Especially in France the consequences of the
failure have Deen exaggerated.
In Belgium no sericus failure has occurred; but it is notorious that the banks have
in
financed industrial enterprises both at home and in Russia on
a very great scale; and ihere is a widespread impression that
many of those banks have locked up too much capital in a
dangerous way. The instant the Leipziger Bank suspension
took place the crisis in Belgium was aggravated. There was
EARNINGS AND EXPENSES.
For the, year ending June :50, 1900. the gross earnings from the a sharp fall in Loth bank shares and industrial shares; and
operation o'f the railways In the United States, covering an operated
mileage of 192.556*08 miles, were $1,187,011,81 I, btinK *173, 434,696 Belgian operators sold on an enormous scale in Parip. This
more than for the preceding fiscal rear. The operating expenses were brought down the quotations of all kinds of industrial en9961,428,511. the increasoln this item being (104,45^ ,512. Thedetails
of gross earnings were as follows: Passenger revenue, $323,715,689, terprise in France, aDd it intensified the unwillingness of
Increase as compared with the preceding year $32,602,616; mail,
express, +28,416,150, increase French bankers to engage in new entert. rises.
§87,752.474, increase +1,753,463:
$l,i; 60,<J 90; other earnings from passenger service, $8 161,022, inOne result is that the French banks are now renewing all
crease $473,659; freight revenue, $1,049,256,323. increase $135,519,108; other earnings from ireight service. $3,345,912, decrease the Treasury and commercial bills held In this country, and
$915,892; other earnings frcin operation, including unclassified items, that it
looks as if the amount of French meney employed
$86,397,294, increase *2,341,5f6. Gross earnings from operation per
mile of line was $717 more than for the year ending June 3c, 1899, here would be increased.
In Russia the liquidation is going
being $7,722
on. On Thursday the failure of the Kharkoff Commercial
The operating expenpcs of the railways for the year under review
were distributed as follows: Maintenance of way and structures Bank was announced, and according to telegrams from
$211,220,521, increase +.,0 809,715; maintenance of equipment
$181,173,880, increase +30,^54,631. conducting transportation $529.- Odessa it has caused a panic throughout Southern Russia.
116,326. increase it>42,956,719: general expenses$39,328,765, ii crease
$6M,882; undistributed +589,019. The operating expenses for the In Italy things are quiet and in Spain the Finance Minister
year in question were $4,993 per mile of line, or $423 more than for is endeavoiing to reduce the premium upon gold. At pres*
ihe previous year.
The income from operation, or amount of gross earnings remaining ent the circulation consists entirely of notes of the Bank of
after the deduction! f opera' iug expenses, generally designated as net
The
earnings, was $525,616,303, an increase as compared with the pre- Spain, and the premium on gold is about 40 per cent.
ceding year of $68,975,184. The average am unt per mile of line for existence of this premium makes it very costly to remit
the year ending June 30, 1900, was $2,729, and for 1899, $2,435. The
amount of income received from sources other than operation was money abroad, and especially it adds heavily to the interest
$162,885,071 Tins amount embraces the following items: Income on the foreign held debt. Consequently the Minister is en"
from lease of road, $99,429,619; dividends on stocks owned, $24,490,
2f>3; interest on bonds owned, $11,833,974; miscellaneous income.
deavoiing at present to reduce the premium. He has stopped
$27,131,225. The total income of the railways, $688,501,374 -that is,
the coinage of silver, and consequently the purchaees of silthe income from operation increased by the income from other sources
— is the item fro in which fixed charges ard analogous items are de- ver, which reduces the amount of money that will have to
ducted in order to reach ihe amount available for dividends. The
total of these deductions was $461,240,927, leaving $227,260,447 as be remitted abroad.
He is likewise pajiog eff Treasury bills
the net income for the year available for dividends or surplus.
The amount of dividends declared durin» the year (including $4,542 which were held by the Bank of Spain, intending to issue
other payments from net income) was $139,602,514, leaving as the these in the open market.
In that way he hopes to enable
surplus from the operations of the year $87,657,933, the corresponding surplus for the year ending June 3' ,1899, having been $53,064,877. the Bank of Spain to reduce its note circulation and so inThe deductions from income, $461,240,927, already mentioned, com
prised the following items: Salaries and maintenance of organization, crease the purchasing power of the note; and he is negotiat$520,102; interest accrued on funded debt, $252,949,616; interest on ing with the bank for the purpose of encouraging it to reduce
ciurent liabilities, $4,912,892; rents paid for lease of road, $101,951,319; axes, +4 8,332,273; permanent improvements charged to income very greatly its advances upon Government stock bought
aecount, $25,500,035; other deductions, $27,074,690.
by speculators, the ol ject again being to reduce the note
;
1
TAXES.
circulation.
Disregarding taxes paid to the United States Government under the
recent internal-revenue act and small amour ts not apportioned by the
States, there accrued against^the ra'lways of the United States during
the fiscal year in question taxes to the amount of 447,415,433, or an
average tax of $254 78 per mile of line.
RAILWAY ACCIDENTS.
The
total
number
In France this policy of Spain is watched sympathetically
and favorably but there are strong doubts entertained whether
the Finance Minister will succeed, for the influence of the
Bank of Spain is very great, and the Bank would give up
railway large profits if it ceases lending upon Government stock as in
of casualties to persons on aecount of
accidents during the year ending June 30, H00, was 58,185 The
aggregate number of persons killed in consequence of railway accidents during the year was 7,865, and the number injured was 50,320.
Of railway employes 2,550 were killed and 39,643 were injured.
With respect to the three general classes of employes, these casualties were distributed as follows: Trail men, 1,396 killed, 17,571 injured; switchmen, flagmen and watchmen, 272 killed, 3,060 injured;
other employes, 882 killed. 19,012 injured. The casualties to employes resulting from coupling ai d uncoupling cars were: Number
killed, 282; injured, 5,229. The corresponding figures for the preceding year were: Killed, 260; injured, 6,765.
The number of passengers killed durng the year was 249. and the
number injured 4,128. the corresponding figures for the previous
year were 239 killed and 3,442 injured. Inconsequence of collisions
and derailments 88 passengers were killed and 1,743 injured. The
total number of persons, other than employes and passengers, killed
was 5,066; injured, 6,549 These figures include casualties to persons
classed as trespassers, of whom 4,346 were killed and 4,680 were
injured.
In the course of thirteen years ending June 30, 1900, in consequence
of railway accidents, 86,277 persons were killed and 4t9,027 perstns
were injured.
[From our own correspondent.
London, Saturday, July 6, 1901.
The stagnation in business is, if possible, greater this week
than before. Partly, no doubt, this is due to the fact that we
are approaching the time when large numbers of people leave
the city for holiday- making; but mainly the cause is a certain ill- defined and not very clearly-conceived uneasiness respecting the liquidation going on in Germany and Belgium.
The failure of the Leipziger Bank has not been followed by
as many suspensions as most persons seemed to apprehend.
Indeed, the best-informed observers are now coming to the
conclusion that the worst is over. There may be some small
and it is reasonable to expect that
there will be failures amongst commercial and especially inlocal
banks in
difficulties;
dustrial concerns; but the best-informed are convinced that
the larger banks are sound and that no serious danger is in
prospect.
For all that, the failure of the Leipziger Bank has made a
great impression in the neighboring countries. It has intensified the crisis in Belgium, and it has made bankers both in
;
the past.
The result of all is that rarely has Stock Exchange business
been so utterly stagnant either here at home or upon the
Cot tinent. Trade, too, is very quiet. There is one favorable and reassuring circumstance— namely that new orders
for ships are being placed upon the Clyde on a very considerable scale. Apparently the fall in the prices of coal and iron
have so reduced the cost of new ships that the greater shipping companies are once more placing orders freely.
Money remains easy and abundant, and the outside market
has repaid to the Bank of England very large amounts during the week. The general opinion in the city is that rates
will remain low for a considerable time to come; but very
much depends upon the New York money market. If the
demand for moving the crops in the United States should
bacome so great as to cause gold shipments from Enrope,
there would be a very sharp rise in rates here. On the other
hand, if it does not look likely that gold will be taken, rates
here will probably rule moderately easy.
There are, however, two other circumstances which hava
to be taken into account, and yet which it is not very easy to
measure. The first of these is the continued crisis, both in
Germany and in Belgium. Neither country holds very
many sterling bills, and neither has much capital invested
here. Hence, the impression is that even if distrust should
increase, very little gold can be taken from L' ndon. Nevertheless if gold is warned, the great banks both in Germany
and Belgium will doubtless find a way to obtain it. In any
case, it is reasonably probable to expect that they will be
able to get it through Paris.
The other circumstance is the continued crisis in Russia.
The Russian Finance Minister for a whole year has been
supporting the banks which engaged in very rash business
and locked up too much oapital; and it is not probable that
he will allow a serious break now. At the same time, the
failure of the Kharkoff Bank and the reported panic in
July
THE CHRONICLE.
20, 1901.]
Southern Russia seem to show that in some directions, at all
beyond the control of the
events, eveats are getting
Treasury. The Russian Government, it will be recollected,
lately raided a large loan in Pari*; and it can, if it pleases,
take gold from that city, which might cause gold to be with
drawn from London; but so little is really known of the
policy or intentions of the Russian Government that it is impossible to judge what is likely to happen.
Meanwhile, money is very abundant both here and in
At the
Paris, and even in Germany rates are moderate.
same time, it is noteworthy that the Bank of France main
t lins its rate of discount at 8 per cent, although the rate in
the open market i* little more than half as much.
not selling its drafts well at present,
being unwilling to accept the prices tendered. On Wednesday it offered for tender 45 lacs and the applications
The India Council
amounted
is
no more than 33
to
The
lacs.
were so low
prioes
that it sold only one-fifth of a lac, at Is. 3 29 32J. per rupee.
Later in the day, however, it sold t% lacs by private contract at Is. 3 29 33d. per rupee.
The following return shows the position of the Bank ol
England, the Bank rate of discount, the price of consols, <&c.
1H00.
18W.
JuluS.
Julyi.
A
Julyb
A
A
80.P69.705
29,103.105
10.843.f8w
28,599 235
39.5»l,fc85
8?,9 "9.580
10.051.8*1
40,654.140
14.b01.v4i
36.4)7,884
B».486.m97
4 ',749,490
2J,ie0.818
.
rate of discount
20 ';18.574
38,4 41,8.7
!!6,s0».817
S2,316.«79
87,108.652
876-16
B
93 13-16
28 s-HJa.
413-16
4fi*6
8
8k
244,330,000
267,693,000
Olearlne-Honse returns
18.791630
1W.606.iU2
D2.6U1.617
4* J5 16
8
US 5-18
i'-yi
6.
8.18«, 1H<>
1S.J<6S.5^
83.11U.78J
»0.636.9'i*
37.5. u.5 7
Bllrer
The Bank
11845.1V5
July
107«
27^d
111 li-lfl
87 6-lCd.
194.743,u00
258 4l2,0O0
and open market rates at the
Open Market Ratet
Interest allowed
for deposits by
.
•<
London.
Bank
at
I
June
"
fr
IK
3
Months.
4 Mot.
Joint Dia'tH'i.
Stock At 7-14
Banks
m
m
89 3
6 i
3M@3k <H®W
3
3M
2r«.*3
3@3«
8M
l-lfl@3«
i
i
July
6 Months. 3 Mi ib.
Months
4
September
Vail
Dayt
3
2%@3
2M@3
8N
8
@SM
2«@2«
The rates
money have been
for
3@3H
2&@3 3«®3}<
2
8
2K
«*
IK IK
IK IK
IK IK
1H IK
W
IS*
l»
1900-01.
19.559.loo
imports of flour
Salesof nome-grown.22,024,313
June
5.
June
28.
21.
June
Bank
Open
Rate. Market
qre ..3,125.000
Wheat
flour equal toqrs... 380.0J0
qrs... 1,1
vialze....
Open
Rate. Market
Open
Open Bank
Rate. Market Rate. Market
Bank
3
.
3
3K
8K
8K
3K
8K
3K
3K
8«
2K
3
3
.
3
4
Copenhagen
2
3
Madrid
3
3K
SK
3K
8t. Petersburg..
2
f$i
4
3
3
Messrs. Pixley
nom.
3
8
4
3K
5
5K
3K
5
5K
3K
6
&
m
2K
3K
3K
5
3M
3
nom.
6K
3K
3<4
6
m
SK
3K
3K
2%
2K
SH
nom.
3
4
2
4
3K
8K
3K
3K
SK
3M
2K
4
3K
5K
3K
5
6
nom.
3K
5
28, '.'31,559
1897-98.
63,878,210
17,517,470
22,604,0'.»3
81,059,773
38s.
36*.
3d.
44.
Kutcliali
15.000
3.065.0O0
362,000
995,000
2,095,000
275,000
2,180,000
285,000
906,000
610.000
Financial markets— Per Cable.
dally closing quotations for securities, etc, at London
ore reported by oable as follows for the week ending July 19.
London.
Sat.
2615 16
Consols., new,2*4 p. ots.
ITr'ch
rentes(ln Parlsjfr.
Tues.
26*8
26'8
92 14
91%
91%
Wed.
TKurt.
26's
26*8
^84
884
76i8
7.^14
J>6
99 >s
9os4
93 Hs
97
96
94
101
10l»«
44
22
43 14
22
158
40»4
161
4IS4
92
92
90
37k
36k
05k
41%
91H
375g
3638
3n%
67
6578
68*8
.
Paul...
Rio Gr., com....
do Preferred.
A
<fc
St.
161k
44*2
67
63
149
Louisville & Nashville.. 105 k
23
9
Mexican National
Mo. Kan.
Tex., oom.. 25k
54
Preferred
ST. Y. Cent'l & Hudson.. 153
Slk
ST. Y. Ontario & West'n
Norfolk <fc Western
48k
Do
do
pref. 91
Northern Pacific, pref.
97k
Jnlon Paolflo
Preferred
D. 8. Steel Corp., com.
Do
do
pref..
9k
9
8»8
73 k
8*8
&.naoonda Mining
A Santa Pe.. 74%
10038
Preferred
95>%
Baltimore & Ohio
94
Preferred
... 101 8
Canadian Paolflo
44
'.Chesapeake A Ohio
Chloa. Great Western
22k
Uhlo. Mil.
Fri.
2613 lt
93
92k
928a
92^
92 S3
92 or
93
0057k 00 57 k 10060 100 60 10070 10070
70*8
70>«
70k
70K
70
92
92
Atoh. Top.
Den.
if on.
72k
19%
38k
25 k
52k
29k
85k
97%
8*k
42
9dk
18%
36k
9634
92
102 1«
43
22*8
160 >«
51%
5214
52K
151
104 14
23
9
151
I0i34
23
9
23%
25ifl
2534
53»4
54
25%
56^
153
154
79%
795a
100
100
101
100k
95k
94
106
47k
106
47 k
23k
........
170
42k
94
171
43*8
4)
94%
38»8
68k
152
154
52
154
xl03
105k
106k
9
155
31
53k
26 k
10
24k
9k
27*e
27%
57k
57
57
156
bHn
31K
47 1«
4838
48>fl
90
98
73
90
98
73
91
98
50 k
92
93
72k
74k
19»«
19>4
38*4
18k
20
39
20 k
39
26k
56%
30%
25%
58%
3o%
38
25
5078
29
84
95!8
89>s
25
51%
29 14
86
978g
38
24 »s
52k
29
84k
96k
88k
38k
39
90 »a
89
39
90
1919
3634
3634
19k
36k
60S)
61
x88
32%
87»4
10 i%
92
49k
91k
98
74%
8638
110
91k
4138
Vabaah
41
91
21
90%
20%
Do
Do
*
preferred
Deb. "B"
61
61
19K
40k
40
63
63k
HTlce D*>r sharp
ffl^mmetxtalanrt iftUscellaneous^etus
National Banks. — The following information regarding
is from the Treasury Department.
aational banks
NATIONAL BANKS ORGANIZED.
and the Bank
of England has only received £24,000 in bars from the open market.
The Bank also received £175,000 In coin from Australia and Egypt;
£40,000 has been withdrawn for Rournanla. Arrivals: Australia,
£79,000; India, £6,000; China. £5.000; Chile, £2,000; Cape Town,
£45,000; River Plate, £18,000; West Indies, £18,000; total, £ 173,fair Inquiry for the Continent,
000.
Silver— The market has gradually declined during the week, owing
chiefly to the offerings being in excess of the demand. America has not
Eressed sales, and although there have been fairly large orders, these
ave beeu filled at constantly lessening prices. The closing quo'atlon
Is 27d., at which the market is without buyers.
The Indian price is
Arrivals: New York, £183,000; Chile, £12,000; Australia,
Rs. 693*
£2,000; West Indies, £i,0oo; total, £201,000. Shipments: Bombay,
£143.500; Madras, £',500; total, £146,000.
Mexican Dollars—There have been no fresh dealings and the market
Is quite nominal.
The quotations
18,146,20)
1898-99.
53.550.8M)
18,944,603
30,731,195
3
4
Abell write as follows under date of
July 4
Gold—There has been a
17.517,470
The
4outh'n Railway, oom.
Bank
2,
45.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Last week.
1900.
1899.
TMtweek.
14.
Rates ol
Interest at
2.0*9.755
100,015,018 100,989.659 103.226.650
Total
25«. 7d.
26i. lid.
iver.prloewheat,weeH.27s. 64.
26s. Od.
26s. 3d.
Iverage price, season. 27s. Id.
&
July
1899-00.
Wheat Imported, owt.58,43 1.600 63.911,900
'Phila. A Read
'Phila. & Read., 1st pref
'Phila.
Read., 2d pref.
as follows:
12
1):
lite
15 i
"
Irade Bids.
Bills.
,210
18,
Supplies available for consumption (exclusive of stocks on
Do
ohief Continental cities have been as follows:
1897-98.
>
4H.271.626
A
Other seourltleB
Reserve of notes and coin
Coin* bullion, both departm'ts
Prop, reserve to liabilities., o.o.
percent.
Bank rate
Consols. 2H per cent
1M fours.
- 99.
1900-01.
1899-00.
imi.'ttsofwheat.OWt.SS^Sl.eOO 58.911,900 ftd.a 0.850
18,142.l0o 13>H9.4'J0 20.948,643
i(U l„y
19,163,000 15,788,500 12.5M4.12U
)ata
2,143,130
8,263,400
1,981.250
Pens"
1.717,770
1,429,9 20
1,500.840
Bean's.""".
48.«4<>.700 47,016.7.10
40,690,200
Indian oom
1~,944,605
19,55), 100 18,116,200
Flour
1KHH
1901.
Olroulatlon
Publlo deposits
Other deposits
iioverument securities
119
Certificates Issued July 8 to IS.
5,897 -The Graham National Bank. Graham, Texas Capital, $50,000Cloer Smith, President; Charles Gay, Cashier.
5,898—The First National Bank of Salem, South Dakota. Capital,
$25,<>tO. L. 8. Tyler. President; Krank II. Putnam, Cashier.
5,899-The Ellwood City National Bar k, Ellwood City, Pennsylvania.
Capital, $50,000. H. S. Blatt, President; J. J. Blatr. Cashier.
5,900— The Citizens' National Bank of B >wlln« Green, Kentuoky.
Capital, $100,li0J. Thomas J. Smith, President; Thomas II.
Beard, Cat>hier.
5,901-The Fust National Bank of Elk Point, South Dakota. Capital,
*25,000. George R. Freeman, President; B. B. Beokwlth,
1
Cashier.
5,902—The First National Bank of Eufaala. Indian Territory.
Capital. $10,000. C. E. Foley, President; J. T. Crane. Cashier.
5,903 -The First National B ink of Alderson, West Virginia. Capital,
$i5,00J. T. H. Jarrett. President; E. F. HiU, Cashier.
OOBPOBATB BXISTBMOB OF NATIONAL BANKS EXTENDED.
Potters' National Back of East Liverpool, Ohio, until close
for bullion are reported as follows:
2,544— The.
of business July 11, 1921.
Gold.
London Standard.
July
June
4.
27.
f.
d.
e.
Bar
9k
77
U.
4
76
76
76
76
gold, fine
oz. 77
gold ooin...oz. 76
Gernrn gold ooln.oz. 76
Frenoh gold ooln.oz. 76
8.
Japanese yen
oz.
76
5
5
4
[
July
4
June
d.
Silver.
London Standard.
d.
d.
9k
4
5
5
4
Bar silver,
fine., .oz
27
Do
27.
275, 6
2 mo. delivery 271,6 27', a
Bar silver, oontaln'g
do 5 grs. gold.oz. 27 k 2713,6
do 4 grs. gold.oz. 27B, 6 27 <>B
do
Cake
3 grs. gold.oz. 273,6 <7'l8
oz. 29%
silver
29'ie
Mexican dollars. oz.
26V
W
Cashier.
The Gilmer County Bank of Glenville, West Virginia, into The First
National Bank of Glenville. Capital, $35,000. Blanks sent to John
Ol ay pool. Cashier.
The Pllger State Bank. Pllger, Nebraska, Into The First Natioaal
Bank of Pllger. Capital, $25,000. Blanks sent to Pllger State Bank.
t
27»27k nom. * Nominal.
The following shows the imports of oereal produoeinto the
United Kingdom during the forty-four weeks of the season
compared with previous seasons:
t
APPLICATIONS TO CONVERT STATE BANKS.
12.
Approved July 9
The Bank of Dothan, Al tbama. Into The Dothan National Bank,
Dothan, Alabama. Capital $50.u00. Blanks sent to J. L Crawford,
—
Imports and Exports fob the Week. The following are
che imports at New York for the week ending for dry gooda
July 11 and for the week ending for general merchandise
July 12; also totals since beginning first week January.
.
.
1
THE CHRONK JLE.
120
RKION IMPORTS.
Vi
For week.
Wheat..
1898.
1899.
fl.480,867
8,645,437
81,986.747
9,297,257
$1,(527.101
8,391,781
$1,719,432
7,902,843
$10,126,304
$11,284,004
$10,018,882
J9.622.275
Dry Goods...
Gen'l mer'dlst
Since Jan. 1
Dry Goods...
Gen'l mer'dls*
Total 28 weehR
247,219,468
»
$51,676,0 36
187,875,607
$56,084,302
228,431,616
$67,811,014
235,279,745
*56. 119,906
303,330,374 $303 090.759 $284,515,918 $239,551,643
a statement of the exports (exclusive of
The following is
from the port of New York to foreign ports
week ending July 15, and from January 1 to date.
EXPORTS FROM NEW TORE FOB THE WEEK.
Rye
2,016,4
"
For the week.
9,450,833
272,812,776
$11,742,741
280,323,853
$7,162,040
239,439,788
$7,922,410
254,116,538
Prev. reporter!
Note.— As the Azures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also complied by the Custom House, we shall from
time to time adjust the totals by adding to or deducting from the
amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending July 13
and since Jan. 1, 1901, and for the corresponding periods In
1900 and 1899.
Imports.
Gold.
Week.
Since Jan.
3.15,403
France
Germany
753.0C0
1,003
2.C00
400
South America
All other countries
Total 1901
Total 1900
Total 1899
$1,764,851
18.209.78&
7,884,567
623,386
38,668
29,255
1,099,000
r-hllttdelphla..
Same time
9
204,208
544,882
189,675
415,325
46,452
51,400,542
1,451,705
7,954,408
$30,739
$756,403 $29,149,515
5,100 27.467.716
2.210 25,272,42t
..
00..
36553
100,531
The destination
Since Jan. 1
Week.
$2,141
$625,155 $26,623,951
$25,183
592,49f
2,220
E3.8S8
11,887
023.382
282 500 1,279.929
MxporttTor
4
62.193
week and
Whtat.
tiuin.
1,690,646.
corn.
VPt'V Sintt 8*>i,
July IS.
1,1900.
huih.
bum.
but*
f8.705.683
710,758 73 148,962
60
1,5.0,384
4sJ.765.126 1.179,114
1
Iili
With
July
1900.
.
1.967,'
,
i
Bine* Sept,
13.
1,
1900,
AC. America,
Wett lndlet
9r.N.Am.ColO'l
lrt.927
uos,2<;3
28,969
17,761
1,016.866
90
^39
1-8.068
Hher oountrlet
11,9*9
271,593
14,948
813,662 14,399.974
Ii8i,t.60 18.767,566
3,105.97!!
Total
Total 1899-1900..
3,883
54,318
1,175
1,016
All other countries.
223
140,842
1,427,413
£64,448
20,649
815
224,767
21,250
2,567
2,491
$58,449
154,628
80,613
$627,722 $?7,468,190
982,418 27,226,977
963.705 26,412,72:
Total 1900
Total 1899
$1,982,641
2,185,528
2,007,100
Breadstuffs Figures Brought from Page 148.—The
statements below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending July 13
and since Aug. 1, for each of the last three years havs been
now.
at—
Attliptt
Wheat.
OaU.
Corn.
Bariiy.
Kf«.
sbu.weibs Buih.OOlbi Bush.56lb> Buih.32lbt Euah.iSlb Bu.661
964,800
48,690
810,910
60,000
5.222
99,670
10,625
97,962
150,092
34,264
7,950
17,950
29,000
46,296
43,126
29.985
1,298,72*
85,616
150,600
172,370
162,812
74,825
Mllwaukee
926,400
110,650
835,815
137,500
Minneapoilt
Olareland
St. Loult ....
. .
# ,
6,629
87,200
2.800
7.500
13,855
2,860
6,730
2.617
,.
78.171
4,500
.... ••
14.800
Oity.
1?,850
38,000
382,000
105,000
829.800
9,760
Ran tat
1,623,589
90,900
166,684
82.000
4,000
442,290
09.942.128 1.922,647 149.149.445
77.887.966 3,847.659 170,7t2,235
905.170
Oat*,
buth.
922 OOP
Byi,
Bar lev
20,000
151,000
21,000
288.UOU
138,000
282,000
13.000
250.0C0
1.000
806,000
'65,000
43000
9000
607,006
'67,000
119,000
103,0.10
ssi'.boo
134,000
"6,000
134,000
i'21,'0'66
"2,000
" 6,066
3.000
8,926,000
6,143.006
1.687.066
106,666
"1,066
398,000
634,61b'
819,000
"8,006
Whtat,
at—
t tor I
Do
afloat
Sotton
SalTetton
Montreal
Toronto
8ttflalo
626.VK.O
694,000
920,000
202,000
'82,000
but>..
afloat
t'OledO
Do
Do
buth.
626.000
9,000
60.000
1,234,000
242.000
290,000
],025,ouC
95-.000
150,000
42,000
1,574,000
Philadelphia
Saltimore
New Orleant
Do
Do
Corn,
buth.
l,926.o«-.fl
afloat
afloat
afloat
Milwaukee
rtWlll'mAPt. Arthur
3uluth
1,0-9,000
2,399,000
4,639 624
2,623,499
1.492.606
3,001.246
4,591,287
2.662,687
84,850
124,699
62,452
43.411
wk.'09.
254,738
6,180,926
5,482,893
3,424 197
227.908
81.839
SinctAus.
19,869,Cr5 222,468,204 197,9 5.128 163.618,252
t:
30,955,691
4,228,310
41,115.172 5.991.602
26.352,206 10,668,677
20.402.081 210,256,471 218,869,973 161,189.180
14.799.6M 275.860.4C 3 216.102,0a*- 170,433,228
The receipts of flour and grain at the seaboard
the week ended July 13 1901, follow:
ports for
,
Flour,
Rictipti
New York
mt—
Bolton
Montreal
Philadelphia
Baltimore
Rlohmond
New
Orleant*
Newport Newt
aalTeiton
Portland, Me
Total week
Week
1800
1,067,000
83,6'o'6
30.000
271,000
864.000
42,000
7.006
"9'i.0iM
"l4,066
66,000
16,000
bbls.
152.466
49,514
80,413
69,149
67,674
3.H26
10.340
13.076
„„;„.
23,181
419,839
330,120
tvniat.
bush.
1,456,400
J36,9'<4
420/43
207,569
490.WS8
li\7e6
6 lu. 000
91.0^0
481,500
160,120
4,264,860
2,021,199
Corn,
bush.
Oaf,
Barltv
buth.
buth.
385.700
181.901
348,828
174.E6*
165.f69
14.440
12,900
41.714
EC4.500
295,983
6X.218
236,051
127.134
14 640
16,9*0
16,400
19,726
9,000
312,000
341,000
14,067.000
14.372.000
18 608,000
12,634.000
19.983,000
7,421,000
9,198.000
7,144,000
4.791,000
6,577.000
687.000
509,000
667.000
rottti July 6, 1901..
Total July 14, 1900..
Total July 15, 1899..
T<tal July 16. 1898..
681.000
29,684,000
16,081000
34,440 000
lO.-itil.OOO
Total receipts at ports from Jan,
follows for four years:
1 to
"5.6C0
17.005
63500
3,770
714
Amount outstanding June 1, 1901
Amount Issued during June
Amount retired during June
New
84,989
106,061
Orleant for fore! n
July 13 compare as
4,006
6,000
731000
4t0.000
391,000
395,000
686.000
766.000
£85.000
$351,582,590
$6,274,352
4,114,755
1,
1901*
2,159,597
$353,742,187
Legal Tender Notes—
Amount on deposit to redeem national banh
notes June
1,
1901
$28,044,373
$3,038,345
1,231,215
Amt.reissued and bank notes retiredin J'ne
Amount on
1,807,130
deposit to redeem national
bank notee July
1,
1901
•Circulation ol National
«orold
$29,851,503
Banks, not Included in above, »79,315.
According to the above the amount of legal tenders on
deposit July 1 with the Treasurer of the United States to
redeem national bank notes was $29,851,503. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reredacing or retiring their circulation, was as follows on the
first of each of the last five months.
March
1,
April
1.
May
"
21,000
256,253
"
Changes in Legal Tenders and National Bank Notes to
July 1.— The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notes
June 1, together with the amounts outstanding July 1,
and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank notes
op to July 1. For statement of June 1, 1901, see Chronicle
June 29, 1901, page 1265; for that of July 1, 1900, see July
28, 1900, page 167.
yatxonal Bank Notes—
Deposits by—
1.885,386 1,090123
4,556,611 2.141,726
* Beoelptt do not lnolade grain patting through
portt on through blllt of lading.
bush.
"
'42000
75,000
96,000
to.ooo
4,000
. .
37,787
By*,
10,000
"1,000
afloat
Amount deposited during June
1.
1900-1901
1899-1900
1898-1899
2,227,000
8,945,000
896.0O"
140,000
afloat
Do
297,000
iansatClty
17,000
?eorla
119.000
tndianapollt
70.000
.n Mlsiitilppl Rlrer.
1,746.000
inLaket
108,000
On oanal and rlrer.
Do
Mlnneapolli
St Loult
Amount outstanding July
432 847
8E4.4I9
'
afloat
4,900
wk.'OO.
Tot.wk.1901
Same
Sam*
73.176,115
993,489
901.330
221,173
714,128
24.188
8.0*6
2,t50
Total July 13, 1901.. 27.978,000
West Indies
Mexico
South America
187378
since
:
Sinti Ftvt.
Onlted Kingdom 209>73
lontlnenu
56.; 4<
i.
"055
54.934
bhli.
10.1 47,5" 4
Wetk
July 13
lto—
16,938
Ui,8-S9
of these exports for the
*$tk and lint*
8<pt.
34,717
P13C6!
-/lour.
Ihloago
Since Jan. 1
::
below
Sept. 1, 1900, is as
Do
Silver.
Week.
70.1/00
nn.o'.o
485,818
45.-47
41,714
304,743
281
ietrolt
Imports.
Exports.
806 888
37, 87
3,10P,972 1 9*2.<»47
905.176 8.847,059
*ew York
9.919
14,250
6,570
22. .".41
46.047
66,446
4,435
1H.078
120,000
Me.
Portland,
in
9
14.610
19.726
47o,4ii)
637 023
160.120
309 n; 9
Z',0000
iw;.iwo
91.000
Since Jan. 1
Week.
1
246,799.707
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, July 13, 1901, was as follows:
EXPORTS AND IMPORTS OF SPECIE AT MEW YORK.
Exports.
204.851.062
19.1,205.618
'.
Sotton
Total week
Total 28 weeks $282,263,609 $292,066,594 $246,601 ,828$262,037,948
1 •)
3.888 S
1,681
I08.61S.048
78
65,847,768
2,986.142
8,408,086
several seaboard portB for the week
ending July 13, 1901, are shown in the annexed statement:
Oaf.
III*.
Ptai
Barton
Hour,
Whtat,
Corn,
fc«»h
bu»h
Mwportt from— l'i'bvh.
6bl«.
buth.
buth.
'•W York.... 1,1:6/07 640058 120.227
20.217
5,710
1898.
k
50.048.24S
122.' 62.4
The exports from the
Montreal
1899.
9",603,tll
44,(01,888
1
2,9i:'
aalretton.....
1900.
5«,67f.,071
89,
2,<"83.i?l
Iliirli'y ..
Baltimore
1901.
47,46',, 687
'.il
.
Sew Orleant..
Wewort Newt
for the
specie)
11.01
B7,t80.784
Total tram.
10,181,079
11,(84,178
.bush.
Corn.. „
Oata
I.
1898.
1901.
bbls. 11.64f.996
Flour
1900.
1901.
LXil
(Vol.
(nsol7 ntbks.
Liquid'g bits.
$
896,583
7,167,116
$
942,130
7,362,858
_
1.
$
846,891
7,049,410
June
1.
$
797,186
7,318,192
July
1.
$
778,844
7,630,764
Sed'o'gund.*
act of 1874. 21,294,914 20,805,917 20,812,538 19,928,995 21,441,895
Total
29,358,613 29,110,905 28,708,834 28,044,373 29,851,503
*Aot of June 20, 1874, and July 12, 1882.
JULT
THE CHRONICLE.
20, 1901.]
Deposits of Bonds Held by National Banks —The
following interestiag statement furnished by the Com stroller of the Currency dhows the amount of each class of bondfl
held against national t>ank circulation and to secure public
moneys in national oank depositories on Jime
For
statement of May 31. 1901, see CUBONIOLB June 89, 1901,
page 1265; for thut of June 30, 1900, see number of July
19U0, page 106.
;i
U. S.
Description of Bonds.
*708.900
13,276,600
2,996,600
3,885,580
75,000
312,848,650
15.lv
9,789. 1^0
75,000
392,121,2 .0
865,000
$326,219,230 $432,029,680
Redeemable at option of the United States.
The foregoing does not include the bonds held in the New
York Sub-Treasury against deposits in banks. There were so
held on June 30 $10,085,000 bonds, making the whole
amount at that date in possession of the Government as se
curity for deposits $115,895,450.
City Clearing House Banks.— Statement of
condition forthe week ending July 13, based on average of
We omit tioo ciphers (00) in all eases.
daily results.
New York
Loans.
Specie.
$
$
I
of N. Y.... 2,000,0 2,094,1 18,220,0
Manhattan Co... 2,050,0 2,182,4 22,910,0
Bank
Merchants'
Meohanios'
2,000,0
2,000,0
1,500,0
1,000,0
.. 10,000,0
City.....
300,0
Chemical
600,0
Merchants' Ex..
1,000,0
Gallatin
300,0
Butch. <fc Drov's'l
400,0
Mech.A. Traders'
200,0
Oreenwioh
600,0
Leather M'f'rs..
State of N.Y.... 1,200,0
American Exoh 5,000,0
10,000,0
Commerce
1,000,0
Broadway
1,000,0
Mercantile
422,7
Paolflo
1,500,0
Republic
450,0
Chatham
200,0
People's
North America . 1,000,0
3,000,0
Hanover
600,0
Irving
600,0
Oitisens'
600,0
Nassau
900,0
Market <feFul to n
Shoe & Leather. 1,000,0
Corn Exchange.. 1,400,0
300,0
Oriental
Imp't'rs'&Trad. 1,500,0
2,000,0
Park
250,0
East River
3,000,0
Fourth
1,000,0
Central
America
Phenlx
Second
Ninth
300,0i
760,0
500,0
300,0
250,0
200,0
750,0
First
N.Y.NaflExch.
Bowery
N. Y. County....
Oerman Amen..
Chase
Fifth Avenge...
1,000,0
100,0
Oerman Exoh...
German la...
Lincoln
,
1,000,0
Sarfleld
Fifth
Bank of Metrop.
West Side
Seaboard.
Western
1st Nat.,
200,0
200,0
800,0
B'klyn
Liberty
N. Y. Prod. Ex..
New A msterdam
Astor
Hide A Leather.
200,0
300,0
200,0
600,0
3,100,0
300,0
600,0
1,000,0
250,0
850,0
500,0
1,121,8
2,813.3
8.153,1
248,1
6,150,1
6,997,3
236,1
1,932,0
72,1
126,5
178,3
602,1
626,9
3,186,9
6,940,1
1,613,2
1,833,6
603,6
1,223,8
994,6
349,7
927,8
5,379,8
461,6
389,8
280,9
1,101,5
219,0
1,763.8
412,5
6,089,6
3,727,4
156,5
2,631,1
625,2
942,6
80,0
9,616,1
118,6
729,2
474,1
895,6
2,442,5
1,362,3
682,5
837,2
967,6
1,119,8
362,9
1,076,3
446,1
884,6
2,148,1
614,8
680,2
402,8
647,1
339,3
343,2
13,018,6
14,614,0
20,207,8
4,670,0
112,121.0
24,105,3
4,427.5
10,014 4
1,128,2
2,539,0
1,074,9
4,748.4
4,63 3,1
Legals.
Depotite
t
9
3.028,0
4,249,0
8,386,0
2,986.0
8.972,1
1.163,0
24.556,8
4,649,0
764,6
1,780,5
207,6
294,0
117,6
961,2
456.7
4,620,0
11,123,3
972,8
2,666,4
846,5
8,767,7
822,6
216,1
2,075,1
11,430.2
655,6
652,3
490.6
794,0
*
Reservt
P.O.
1,688,0
2,212,0
1,764,0
987,0
2,815,2
328,0
18,082,0
26,209,0
16,650,1
15,681,0
24,056,5
4,869,0
6,912,1 124,058,9
2,214,9 24,035,6
457,4
4,816,7
831,4
8,854,3
82,9
1,218,0
265,0
2,916,0
166,3
996,3
283,8
4,770,9
311,6
4,253,4
2,098,0 25.514,0
7,200,6 65 892,8
348,2
6,273,0
1,644,7 15,218,4
697,1
3,793,9
1,427,5 20,176,3
944.6
6,732,4
453,2
2,841,6
1,186,6 12,336.7
6,712,5 65,781,0
674,0
4,789,0
217,2
3,433,7
262,7
3,113,2
789.4
6,283,2
255 5
4,625,9
2,436,0 23.788,0
340,3
2,150,0
1,453,0 23.253,0
3,760,0 63,732,0
199,5
1,483,6
3,304,3 27,728,0
1,388,0 13,895,0
831,0 10,273,0
284,0
2,807,6
2,338,7 48,014.2
336,0
3,740,0
384,0
3,609,0
391,0
4,710,3
261,7
3,516,4
2,141,6 61.865,2
234,3 11,176,7
814,6
3,320,8
472,0
4,444,0
2,199,0 16,719,8
249,9
7,410,1
126.3
2,278,3
628,7
8,48a,
3,061,0
378,0
1,712,0 16.418,0
2.538,3 42,188,8
4,969,0
883,0
625,0
7,040,3
4,554,7
379,2
980,4
8,304,4
862.9
4,686,0
2.177 8
97,4
80,608,0
71,83^,6
6,014,0
14,301,6
2,880,9
18,655,6
6,410,9
2,219,2
11,766,9
47,447.1
4.407,0
3,031,4
2,701,7
6,050,2
979.2
3,934,6
20,196,0 3,386.0
246,0
2,126,0
24,638,0 4,410,0
61,874.0 12,444,0
1.313.2
188,3
25 179,7 4,218.4
10,374.0 2,809,0
9,438.0 1,634,0
2,428.2
635,8
45,812,7 9,847,7
672,6
3,550,0
890,0
3,378,0
782,1
3,950,4
3,624,7
666,8
42,183,4 11,622,9
9,767,6 2,686,0
225,4
2,210,6
2,902,4
414,0
13.330,5 1,650,0
7,3*9,6 1,664,8
644,0
2,124,0
7,678,4 1,238,0
2.764,0
420,0
13,453.0 2,636,0
36,918,5 8,087,3
4,552,0
467,0
7,044,6 1,205,1
4,433.1
897,9
7,093,8
975,3
922.1
4,416,0
2,799,4
628,5
260
24 6
809
25'8
282
30 6
263
2S'5
253
29-8
238
191
285
258
New York
263
278
250
283
24-8
257
282
235
264
307
256
247
238
262
267
24'4
27 2
26 2
25-0
261
271
300
240
28*4
25 5
Loam.
9
9
June
22..
"
29.
July
"
169,691,1
189,080,1
6. 169,080,1
13.. 169,080,1
Bon.*
June 29..
July
"
6..
13..
Specie.
9
902.755.3 1732969
892,381,3,1723116
889,466,9 1698641
868.465.4 1723127
57,632,9 196,520,014,916,0
57,632,9 197,289,0 15,878,0
67,632,9 197,028,0,18,042,0
Legal*.
DtpoiitsA
Circ'l'n.
9
9
982.844,2
071,382,0
905.285,1
947,594,1
30,887.6
30,536,8
30,578,8
30,629,5
8.488.0 217.514,0
7.842.0 221,903.0
8,45O,Oj210,212,O
July
•'
*
t
29..
6..
13..
38,715,3 176,146,0
38,715,3 176,625,0
38,716,3 174,487,0
68.380,0
64,682,0
53,124,0
-'U9.9ti3,0
206,706,0
205.634,0
We omit two ciphers in all these figures.
Including for Boston and Philadelphia the Item
7,4
09.2
144,7
22.6
23,6
143.0
16,0
270,0
31,0
26,9
64,2
68,1
12,2
18.0
11,6
1600,f,
666,1
460,0
932,4
560,1
188.4
789,2
187.3
170.2
138.8
135.8
200,0
252.8
296.7
32.0
82,1
60.0
110.8
83,4
306.3
62 8
68,0
80,0
82,8
88.4
-'.'7.0
115 1
264,0
124.6
35.0
23.8
70.8
47.0
4,4
2,8
26
71,7
8.6
50.0
1600,5
08
1404
6,0
172J7
62,0
80.1
'2005,4
2009,7
242.9
27750
1217.8
30^7.0
1793.0
1237,1
27B0.B
16^4,7
664,2
373.7
201,0
78,8
20,0
2,1
52,5
4.5
0,1
645,9
80.0
478,1
418
4
55
1866,8
18,0
1621,1
14,6
1142,2
66,7
359,1
16,8
706,8
42,9
713.9
89,8
2981,3 316.0
3764,2 176,5
990,0
18,9
692,4
4.6
3950,0 207,0
2933,0 139,0
916,9
12,9
968.3
26,
653,2
8,5
1162,8 120,7
469,6
13,7
622,5
38,3
792,3
48,3
117,8
179,9
163,8
37,4
70,0
84,4
503,6
355,1
185,0
20.7
643.2
572,2
142,0
132,7
72,8
235,9
66,8
64,4
66,5
I
180OO
•217.2
60.1
65,7
61.6
103.6
103,2
108.7
166.9
157,0
02.1
130,0
16 1.0
66.7
110,0
146,0
37,6
81.7
30,1
49,4
152,4
217,2
117,7
117,2
28,7
192,8
153 ,7
1874.2
1106.7
348,0
888.6
747,3
9,8
6.0
23,9
40,0
42.7
80,6
94.5
3'2.1
348 J.2
4556,9
951,4
722,2
4225,0
3663,0
860.0
908,8
566.2
1149,0
638,3
755,5
801,2
10,0
20,8
72,7
28,1
857.6
383,5
81,5
61,6
376.0
696,0
43,3
44 4
63,8
263.0
67,6
66,4
63,7
80.9
10.0
110,0
167,8
28.0
687,8
784,8
288.7 1118,6
82,0 223,6
13.7 304,2
62,6 147,3
26,4 149,7
48,1
60,1
615.0
88,1
6121,8
1970,3
1268,4
114,2
25,0
1 064,7
1929,1
3,8
82.1,2
219,8
77.6
62,4
332,0
323,0
48,8
40,0
60,0
.i
574,7
741,2
60,9
86,0
26,0
100,0
13.8
55,»
10,0
17.4
45,0
78,0
60,
81,9
68.8
25,0
1.6
97,7
34,2
Other Cities.
l*tNat„ Jer. City. 400,0 905,4 4960,0 247,0
Hud. Co. Nat., J.O. 250,0 570,4 2202,5 98,6
2d Nat., Jer. City..
84 Nat., Jer. City..
1st Nat.,
2d Nat.,
Hoboken,
Hoboken.
250,0 320,6 1259,6
992,0
300,0 241,8
110,0 466,8 2160.6
835,7
125,0 109,2
Totals July 13-8262,0
Totals July 6 8262,0
Totals June 29 |»262,0
80,1
34.0
125,6
85,7
243
214
249
263
266
256
31-3
199
244
242
20-4
21-k.
260
284
251
272
24'5
280
28'6
27 8
28 7
18373684
16168571
11358094
16011485
6,140.0 133,177.2
8,138.0 183.499.8
6,136,0 148,838,6
3385.9 1572.0 8472,1 2328,4 79742,5
3246,8 1201,6 8809,7 2587,4 79874,8
13232,6 4240,3 8961,7 3577.7 80817,1
—The New York Central Railroad has just issued from its
passenger department No. 28 of the Four- Track Series, containing much interesting and valuable information in regard
to China and the Chinese Empire; also a large and comprehensive map of China, Corea and Japan. This, as well as
other numbers of the series, will be sent fr^e, post paid, upon
application (with stamp enclosed) to Mr. G-o. H. Daniels,
Gjneral Paesenger Asent New York Central Railroad. Grand
Central Station, New York.
& Son
Auction Sales.— By Messrs. Adrian H. Muller
Bonds
$4,<
00 Securities Co.
II
:
Slocks.
4%
510 Nat. Broadway
reg.
8*^-01
sol 8
$1,200,000 ConstancYaSuKar
Co. purchase monoy 6s
$212,050 lot
$17,000 Manhat. B'oh Hotel
& L. Co. 1st 4s, 1940;
61^
M&N
$480 r>0 State of Washington
Normal School -warrant,
with Int. from M«y 23,1896. $630
$5,000 Pltt*<b. Sliawmut &
Nor. RR. Co. 1st 5s, 1949;
F&A..
53ifl
25 ImDorters'
Nat.B
B *nk.
.
..301
Traders'
«fe
577
mtt
4,935 ConstanoU Bug Co $500 lot
53
cha ics* Nat. Haute... 2703s
2 Nat. B'k of trie Republio.290
55 Home Ins. Co
300 300 78
4025
1 ChemlO'l Nat. Bank
M
5 DecltttMfg.Co.,$50eaoh
$5 per share
25 Trust Co. of Amerioa ...265
Ins. Co, 68*3
9J Stuvvesant Fire
8 1st Nat. Bank of Bklyn.300
20 Peru Hteel Ore Co., 'Limited"
$235 lot
1 Membership Adirondack
League Club
$500
$l.(i00 N. Y. & N. J. Teleph.
Co. 5s, 1920; M&N..1143g
Int.
Stocks.
154 Orange Co. Trust & S. D.
Co. (Mlddletown, N. Y).134ia
&
By Messrs Richard V. Harnett
& Co
Stocks.
200 Ulster Company. $5 each
100 Climax Mining Co., $lo each
Sanfeitig
Spencer
A:
29
$5 for lot
I
aud
fftttaucial.
Trask 8c
BANKERS,
PINE STREET,
...
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
Ckartngi
INVESTMENT SECURITIES.
Members N. Y Stock Uxcbanue.
Branch OtBoe,
GEoaoE Bakclat Moffat.
Moffat
Albcamdbb
&
Albany
... NEW YORK
INVESTMENT SECURITIES.
Members New Yor*
1
t.,
m. WHi.h, Jm
White,
BANKERS,
9,832,0 104.666,8
9,82f>,0
95,674.5
9,847,0 104,266,3
to other banks."
,U4
,
Borough of
Richmond.
aauk of Staten Isl
8tNat.,Htatenl8l
No.
"due
151.7
1OJ.0
64 8
1184,6
8459.0
1850,0
1056,2
2267,7
9,4
160,0
100,0
300,0
Brooklyn
100,0
ElKhth Ward
100,0
Fifth Avenue
160.0
Slugs County
262,0
Manufaot'rs' Nat'l.
600,0
Mechanics
Meoh's'A Traders' 100,0
100,0
Merchants'
Nassau National.. 300,0
300,0
National City...
100,0
•SorthSlde
100,0
Peop'cs
Seventeenth Ward 100,0
200,0
Sprag ue National
Twenty -sixth W'd. 100,0
100,0
Union
100,0
Wa labout
%
3H.7
L00
2680
126,1
273,6
32,2
74,«
363,6
209.1
26,4
94,5
63,6
61,9
83,9
Broadway
Phtla.*
June
136,8
218,8
BadJorrt
$
79,026,5
79,018.1
76,668.7
77,396,2
57,1
161,1
of Brooklyn.
fl iro'/i
47
N. Y.»
LOO.O
100,0
200,0
200,0
250,0
tfutual
Mlnoteenth Ward.. 200,u
100,0
flaza
100,0
aiverstde
100.0
State
200,0
Twelfth Ward
1'wenty third W'd. 100,0
200,0
Ouionhquare
100,0
Vorkvllle
100,0
Wellington
800,0
fidelity
100,0
Vailok
200,0
JeRerson
100,0
Century
Domestic ix. Nat. 300,0
-
banks.
Capital *
Surplus.
Net
V
HksAt
Agent,
1710,1
2731,0
1161,3
1890,2
1371,3
1626.0
2356.0
1427,0
1407,1
138,8
200,3
123,0
72,9
21,7
100,3
200,'J
City,
Banes.
unit,
Ullui
mtnts.
100.0
300,0
Hamilton
Mount Morris
Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non
member
tBk.
18-0
73,722,7 95,367,4 868,465,4 1723127 77,3^5,2 947,694,1 26-3
Total
\
(eleventh Ward....
Fourteenth Street.
total Held
lit p.,.u.
i*q. T.
OUK ClTT.
3olonlal
*
Oapital. Surplus.
Hs\y
Sur- Loans &
plus invetl- tutu
?r
Borough o)
Manhattan,
-
$268,900
6,144. tOO
$105,810,450
BANKS
BANKS.
toot omitted.)
-tauitevoort
79,272,600
865,000
Total.
)
.'ulunilila
Circulation.
$410,00
7,132,100
12,196,950
5.903,800
Dlst. Col., 1924..
Keports of Non Member Banks.— The following m the
statement of oondition of the non-member bankh for the
k ending July 13, based on averages of the daily result.
We omit two cxptusrs (00 in ml canes
I.
80, 1901, to Secure
Bunk
t'ubUc Deposits
\n Banks.
p. ots., 1894, due 1904
per ots., funded 1907..
4 p. ote., 1895, due 1925
8 p. ots.,'l)8, due 1908-18
per ots.. funded 1891*.
2 p. ots., 1900 due 1930.
865s
Bonds Held June
121
NASSAU STREET,
.Stock
Excua
THE CHRONICLF.
122
of
When
Per
Company.
New York
Booki Closed.
(Day »
Cent Payable
Inclusive.)
Railroads (Htcam).
Dubuque
<fe
Sioux City
19
1-uJ'ly
1-a
Aug 80 Aug
1'4
Brie, 1st prof
Auk
Aug
Aug 30
to
2
Street Railways.
Colnmbii.s (().) By., pref. (quar.)
Coney Island & Brooklyn (quar.)
Dartm'th& W.stp't, N.Bed.,Ma88.(qu.)
St.
St.,
On dem
Aug 15 Aug
Aug 1 J'ly
2
Aug
Aug
6
3
The following are the daily closing quotations
13!r%.
ytuily ronge
me
1
Interest
Claflin (H. B.), 1st pref. (quar.)
do
2d pref. (quar.)
do
Great Lakes Towing, pref. (quar.)
1»4
IHj
1 34
International Fire F.nglne
3*3
National Fire Proofing, com. (quar.)...
do
do
do
pref. (quar.) ..
National Salt, com. (quar.)
do
do
pref, (quar.)
National Starch, pref. (quar.)
Procter & Gamble, com. (quar. )
1'4
to
to
Aug
Aug
26
27
to
to
J'ly 31
1 J'ly
1 J'ly
On dem Holders
1 34 J'ly
1-3
1 34
3
4
oom. "A."
10
1 J'ly
24
1
Aug
Aug
1
1
Aug
to
to
to
to
to
to
to
to
to
to
to
15 Aug 1
15 J'ly 23
1 J'ly 19
1 J'ly 19
1 J'ly 16
Aug
Aug
Aug
Aug
Aug
11
J'ly 22
J'ly 22
J'ly 31
J'ly 31
J'ly 31
Aug
15
J'ly 28
J'ly 31
J'ly 31
Aug
July
13
July
15
July
18
July
17
Q—
Q—
of rec. J'ly 17
to
to
25 J'ly 15
1 J'ly 25
1 J'ly 25
Aug
Aug
Aug
1-3
3 (Aug
Electric, pref
(D. C.) G. L. (guar.)
Aug 1 J'ly 23
Aug 1 J'ly 23
Aug 20
Aug 10 Aug 1
Am; 15 J'ly 15
;
for
third page following.
Aug 16
to
to
21
J'ly 19
J'ly 23
1
Aug
Aug
Aug
10
2
3
Co.,
9
of reo. J'ly 16
Aug 1
to
J'ly 14
to
United States Bonds.— Sales of Government bonds at the
Board include $5,500 4s, coup., 1907, at 112% to 113; $11,000
4s, reg., 1907, at 112% to 113^, and $2,000 4s, coup., 1925, at
Periods
Hamilton, Brooklyn (quar.)
Nassau, Brooklyn
Fire Insurance.
Phenix, Brooklyn
Miscellaneous.
Torrington
15 J'ly 12
J'ly
1>4
Banks.
Corn Exchange
German-American
Trust Companies.
Farmers' Loan & Trust (quar.)
Washington
1 J'ly
1--2
United Traction, Albany (quar.)
Quincy Mining
Rochester Gas &
Holders
27
1
2
New
Orleans (quar.)...
City Rap. Tr., Minneapolis, com.
Charlrs
Twin
2*3
LXaLI.
The following were the rates of domestio exchange on
at the under-mentioned cities to-day: Savannah,
buying 1-16 discount, selling 75c. premium; Charleston,
buying par, selling y premium; New Orleans, bank, $1 00
t
premium; commercial, 75c. discount; Chicago. 25c. premium;
St. Louis, par; San Francisco, 12%c. per $100 premium.
ganlijers' (frnzciU.
DIVIDENDS.
Name
[Vol.
1
July
18
July
19
2s, 1930
registered
Jan •107 '4 -107', 'HIT , •107 *107>3 •107W,
2s, 1930
coupon
Jan •107*4 •107»4 •107i« •107*4 •107S •107*»
2s, 1930 sma.l. registered
2s, 1930 .small
coupon
3s, 1918
registered
Feb •ibs" •ibs" •ib'8»i •108"" * 108*4 •108 U,
3s, 1918
couponJQ Feb *108 34 *108»4 •109 *108 s4 •109 •109
3s, 1918, 6mall.registered!Q— Feb
3s, 1918, small
coupon
Feb •108S •ib'8-3 •ib'8>3 •ibs""* •io«>3 •i'08>3
4h, 1907
registered
Jan '\\2\ 113*.| •112»4 112»4 •113 •113
—.Tan *112 34 112 34 *112 34 •112*4 •113
coupon
4s, 1907
•113
4s, 1925
registered
Feb •138H •138*3 •23714 •137 l4 *137>4 *137>4
4b, 1925
coupon
Feb •1384 *138>3 *138i4 •138-4 138>3 •S38I4
6s, 1904
registered
Feb •109 •108 34 •x07 34 •107»4 •107»4 •107»4
U
Q—
—
Q—
Q—
Q
Q—
Q—
Q—
Q-Feb
•This
is
•109
• 1
08% •109
•109
•109
•109
the price bid at the morning board; no salt was made.
State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $10,000 Tennessee settlement 3s at 96%.
The market for railway bonds has been dull and narrow.
Union Pacific convertible 4s were conspicuous for activity
mw
WALL STREET. FRIDAY, JULY 19. 1901.-5 P. M.
The Money Market and Financial Situation.—The condi
tions which depressed the secuiity markets last week con
tinued in force until Tuesday. On that day reports of much-
and irregular movement. Transactions in this
issue
were a large percentage of the total business, and it fluctuated between 104^ and 110%, closing at 107%. Wabash
debenture Bs were active, and show a net gain of nearly
needed rains in the Si uthwest, the conclusion that the labor 3 points. Wisconsin Central general 4s also advanced over
Otherwise the market has been practically featdifficulties in the iron and steel industry would result much 2 points.
less seriously than had been feared, and an easier condition ureless, and changes in quotations are unimportant.
of the money market, checked the declining tendency to
Stock and Bond Sales.— The daily and weekly record of
values. Wednesday the announcement was made by Mr.
stock and bond sales at the various stock Exchanges, forJ. P. Morgan of the proposed new board of directors for the
Northern Pacific Railway, about which there has been much merly given on this page, has been transferred to a place by
will be found to-day on page 129.
theorizing and speculation, and this relieved the feeling of itself. It
uncertainty with regard to Northern Pacific's future, which
Railroad and Miscellaneous Stocks.— The market for
has had a more or less depressing effect upon the stock mar- railway stocks has been moderately active and highly
ket since the crisis of May 9. The announcement was also irregular.
The transactions amounted to over 1,000,000
important as showing how largely the community-of-inter shares on at least three days of the week, and a considerable
est theory is being adopted in railway management, and list of active stocks fluctuated over a range of from 6
to 20
the outcome in this case is consequently regarded with points. The leaders on this list were Union Pacific, St.
great inter* st.
Paul, Rock Island and North West. while New York Central,
It is now thought that the damage to corn in the South
Pennsylvania, Lackawanna, Baltimore & Ohio, Southern
west has been greatly over-estimated, and that with favor- Pacific. Missouri Pacific, Texas & Pacific, the Atchison
able conditions from now on the crop will be at least a issues, Manhattan Elevated and Metropolitan Street Railway
fair one.
The money market has been relieved by Sub- are included. The deniession was most conspicuous on
Treasury disbursements and receipts from the interior.
Monday, when the lowest quotations of the week were genThe open market rates for call loans on the Stock Exchange erally recorded. Tuesday's market was hesitating and
during the week on stock and bond collaterals have ranged irregular, since which the tone has been decidedly better,
from 1 to 5 per cent. Today's rates on call were 2 to 3 per and the tendency steadily upward until near the close tocent. Prime commercial paper quoted at 4% to 5 per cent.
day, when there was a reactionary movement encouraged
The Bank of England weekly statement on Thursday by the professional element.
showed a decrease in bullion of £294,054 and the percentThe miscellaneous list was more or less disturbed by the
age of reserve to liabilities was 46'45, against 47*67 last erratic movements of the railway list and their causes.
week; the discount rate remains unchanged at 3 per cent. The United States Steel issues were further depressed on
The Bank of France shows a decrease of 4,900,000 francs in account of the strike, and, while they have recovered somegold and an increase of 1,175,000 francs in silver.
what from the lowest quotations of the week, are still
The New York City Clearlng-House banks in their state- several points below the selling price of two weeks ago.
ment of July 13 showed an increase in the reserve held of General Electric covered a range of 13% points and closes
$3,175,100, and a surplus over the required reserve of with a net gain of
2% points. American Sugar Refining,
,
$12,809,375, against $5,211,525 the previous week.
1901
July 13
Differences
Amalgamated Copper, Colorado Fuel
1900
July 14
from
previous week
1899
July 15
$
Capital
$
Speoie
Legal tenders
73,722,700
96,357,400
868,465,400 Dec 21,001,500
30,629,500 Ino
50,700
947;594,100 Deo 17,691.000
172,312,700 Ino 2,448,600
77,395,200i lno
726,500
Reserve held
Legal reserve
249,707,900 Ino
236,898,625 Deo
3,175,100
4.422.750
12,809,375!lno
7,597.850
Surplus
Loans & discounts
Circulation
Net deposits
Surplus reserve
NOTE.— Returns
of separate
74,222,700
91,035,000
801,235,000
23,478,600
883,489,100
169,700,600
71,131,800
240,832,400
220,872,275
232,425,200
221,726,450
19,960.126
1
58,922.700
77,382,600
776,672,200
13,626,000
886,905,800
176,318,200
66,107,000
10,698,750
banks appear on page 121.
Foreign Exchange.— The foreign exchange market was
steady and dull during the early part of the week on a limited demand and firmer towards the close on easier money
market
rates.
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 84%@4 85; demand, 4 87J4@4 87%;
cables, 4 87%@4 88; prime commercial, sixty days, 4 84% @
4 84%; documentary commercial, sixty days, 4 83%@4 85;
grain for payment, 4 84% tot 4 85; cotton for payment,
4 83%@4 84; cotton for acceptance, 4 84%@4 84%.
Posted rates of leading bankers follow:
July 19
Days
Sixty
Demand
4 85
Prime bankers* sterling bins on London,
;4 84*4 @4 84 3
Prime commercial
4 83 34 @4 85
Documentary commercial
4 88
*3
j
1
Paris bankers' (Francs)
Amsterdam
(guilders) bankers
Frankfort or Bremen (reichm'ks) bankers
'
Less
>i«.
6 18 34
40 1 l a
95
©eiSV
@
®
40*8
95ii 8
5 16?8
®6
40 5 i«'S*
95^3
®
16 1**
40»8
95»i6
Coal Iron
&
&
Iron, Tennessee
also close with
Railway and Consolidated Gas
substantial net gains.
Outside Market.— Following the decided drop in prices
Friday the outside market has been only fairly active
this week. Prices recovered slightly on Saturday, but fell
away again on Monday and Tuesday, in sympathy with the
Stock Exchange market. Although later in the week the
tone improved, the general market closes to-day at about
the fame level as on last Friday. American Can *nd Seaboard Air Line securities and the shares of a few other
companies have been strong and have sharply advanced.
last
American Can
stocks, which led the market to day, close
at 25%, as against 21 a week ago, and for
the preferred at 75%, as against 70. Seaboard common,
which sold last Friday at 25%, advanced to 27^ at to day's
closing, and the preferred sold up to 48%, an improvement
during'the week of 2%. Seaboard 4s rose from 81% to 83.
Standard Oil, which sold last week at 765, declined to 750
bid on Monday, but quickly recovered and was traded in
to-day at 761(a763, closing at 765 bid. New York Transportation, though not active, declined on Mondav to 10%. the
lowest point reached since the $10 assessment was pa'd. It
sold up to 12% yesterday. International Umbrella advanced
from 3 to 4^, and Consolidated Tobacco 4s, which sold as
low as 63%, came back on fairly large transactions to 66, at
which they close. United Railways of Detroit stock, a new
stock to this market, has been in demand to-day at about
In Cleveland there was great activity in these shares
78.
on rumors of a general consolidation of all the EverettMoore properties. The list of outside quotations will be
for the
common
ound on page
129.
New York
Stock Exchange— Stock Record, Daily, Weekly and Yearly
oc
c\ is<; TWO PAGEn
i
STOCKS HltlUKST A.\U LOWEST SAL1
Monday
Saturday
July Id
July
•23
•53
•20
53
25
50
70% 73%
94% 85%
'.'4
% 96
•91
75%
l.i
74%
72%
'-i
42% 48%
30% 8
75% 76%
1H5
•iaa
96
•91
%
loo%
86%
94
29
101
30 '4
20%
•08
165
183
188
70
i;.s
21
>
•90
45%
30% 82%
•45
89
OS
81%
'08
89
151 Hi 155%
183
141%
135
'110
•
*
12%
IS'
1
,
Hi
110
120
35
75
13
12
48%
20%
ai
1371a
-120
1 85
L98
39%
89% 00
88
121
35
%
80
71
168%
is*
*33
10% 10%
30% 37 4
00
51
54
66 T8
Hi
55
80
'85
1
l'.'S
20% 21
40% 41%
91
92%
41
99
13%
2
1
2
1
'•.
-'
'4
a
To" To"
34
64 %
49
52
*85
38% 38%
34% 88%
9% 10%
1 >,
•10
37
66 %
51 %
;jo
54%
10
Hi
66%
15
"85
90
00
•88
1
Do
%
92% 94%
92
•56
•88
66
92
174
174% 170
10
Do
37%
Eric
Do
66% 67%
Do
50% 51%
is
39
57
92
28
•88
178%
178% 178% 178
De.s Monies & Ft. Dodge.
10% Duluth So. Shore & Atl..
{38% 88%
178
57
pref
Do
1st pref
2il pref
at
39
-8
•31
•54
• 118
-8
•31
»53
8
35
00
120
250
,»235
118
-74
103 Hi 104^4
"33
*89
107'..
Hi
35',
22%
22',
»
• 105
101
86
104
105
105
llO'.,
166H
100% 107%
35
87
8%
105
i00% 107%
33
152
30 %
74 % 78
72%
00
120
250
77
•73
....
22%
Do
59
120
Lake
-117
{250
250
I
19% 121%
171
170
35
36
9
105
53
22
09
150%151% 151 153
30% 38% 37% 38%
160%
30
75 %
70
79%
77
77
33
73
72
142% 143*.
•23
63
•04
•67
28
75
140
25
>77
70
100
63
100
*08
72
143
25
75
•62
95
•68
63
•94
72
142%, 113%
•21
1
-77
85
70
100
72
142% 110
20
75
Sb
26
26
•60
•95
-07
62
72
•22
85
72
144% 147
26
28
75
85
74
49
89%
75%
50
86% 38%
73
74%
47% 48%
75
*
77" 85
75
102
100% 100%
38'i
37% 38%
74% 74%
48% 48%
39% 39%
75% 70%
50% 51%
36% 40%
74
47%
76H
52
,;s
100
g
145%
.1
'77
05
100
39%
77%
9
3 24
1
J
J'llcl
71
1
1
Bunks
NEW YORK
MTV
American
Amcr
..
lixch.
Astor
Bowery"
...
Broadway
Bid
510
250
00O
300
CJity...,,
Ask
... 300
Columbian.. 810
Omiinci'co... 380
Corn Exchfl. 400
Domes KToh 100
Colonial
525
270
t301
Batch's & Dr 110
130
Central....
ISO
190
Chase
700
Chatham ..
320 350
..
Bid
150
035
(
Ask
Jan 31
Jan 4
Jan 18
41
17
167% May
800
800
72
Sep
Sep
47 %
% Sep
16% Jan
19 1%
1
000
Fourth
390
425
Garfield
Qallatln
'
....
.
it
'.I.ir
Deo
7
1
1
230
410
Mich. South'n
&
Mo. Kansas
Do
Texas
pref
Missouri Pacific
NY. Central & Hudson.
Y. Chic, at St. Louis..
Do lstpref
Do 2d pref
1
fm
Jan
12
4
<fe
J'lj
15
Sep
Mar
Deo
Api'20
12% Mai
darlfi
F( iM
14'% J n,
1
Oct
74
1
Dm
Dm
B% Dm
20
191% Deo
53% Mai
5%
30% Jan
1
•-•
66
1'
42% DM
74% Dec
Jan
58
9 154%J'ne29 110 J'n,
Jan 21 43% J'ne21 11 % Jan
Jan 21 87% J'ly 1
Jan 8 41 J'neir,
4
Jan
4
3
Jan
2
35
Jan
Sep
27% Sep
3% Ma'
10
Apr30
Apr30
10% Feb 13
30 Apr 4
68% Apr 19
25
49
7
Hannll.in'
Hanovi
i
.
Deo
27% Deo
58 Mar
May
17%Apr
43% Apr
DM
Dm
182
Feb
24% Jan
70
FeJ)
57% Apr
8 1% Nov
17% Dee,
Mar
6
'.j
j
.
I
44,260
11,700
2
-May 9
Jan 10
1
42
82
200
77
4,100
-I
Feb
:
.,
,
1
5
L.
300
ctfs..
1st pref. vot.
Ctfs..
2d pref. vot'g tr. ctfs...
tr.
tr.
,
May
ran
2.-1111
21,20,1
!>,
67
Jan
93
i.
i
07
Sep
9
10
Maj
jBi'ii
]
A si.
!
Irving
200
leather Mtr. 20O
Liberty
500
Lincoln
900
18
Jan
55% Jan
20
7
7
I
Mechanics!'
.
270",
Mich Altai 110
Mercantile
..
200
Much Kxcli. 136
Merchants'.. 190
Metropolis' 050
M t Morris',. 175
Nassaul
New Amater
320
t
Bid
Bunl.i
Mutual}!
New \
N Y N
i
J'llelT
May
Mar23
I
Jan
SO
j'nelO
New York.
19th War,!'
'Ninth
280
Orient
Pacini*
I
1
160
go
sec, in.'
'
Loo
'
'
....
....
550
Hide A
L50
Park.
-1500 ...... Imp <fc Trad
200
People
Chemical ..
First
|4"25
* Bid and asked prices; no sao*s were made on thla day.
Lesa thau 100 shares,
-..lie ban.-.
9
t Ex ri| :hrs.
a EX
*
Stock •'cornered'' sales for "cash" were made as high as 1000.
t Sale at Stock Exchange or M miction this week.
!
"
||
111,
North
200
Ath
185
195
loo
1500
•
1
12th
divnli
ml
v.
w
am
23<l
'
%
.
I
;
'ni-17
J'ne
-May
II
c.
62
5
J'nel8
.,
>,
45% Sep
Mar22
35
75
so
Ma) 9 80
Jan 3
Feb 5
FeblG
65
38
05
pref
I
22%
.la
,
M,|'22
i.11,2-
Jan 2
Jan 30 80
Jan 4 105
57
ss
Sep 5215% Jau
J'n,
1
Jan 21 700 Ma] 9
Jan 21 113% Maj 7
73 J'n,'. 9
Feb
Feb 25 98 Apr 26
n,13
Jan 8 75
•
21,585
I
40%Ma]
57% May 2
90% J'nel 3
,i
200
d. St.
J'nC'1
1
72
Chic.
Do pref
Reading, vofg
Banks
Ii
l.'.n
-.
330 }206% Feb 27 217
101,855
.
TOO
Dec
6
14%Oc1 23
20% Mat 53
83% Feb 115
J'ne24
J'ne 6
J'ne 5
9 177
Jan 9 37
79% Jan 15 92
12% Jan 21 30
63
Manhattan^ 300
Market <fe Ful 255
L60
Dec
25
May 2 10% Jan
2% Sep
3% Jan 24 15 AprlO
107% Mar 4 107%.Mar 4 JI04 Jau 115 J'no
3J90 07% Jan 19 lii'i.riyio 4 5 J'n, 71% Dec.
3,410 101% Jan 7 115 J'ne20 sT -J'n, 104% Nov
2.490 15 .Mnv 9 27%J'ne24
14 Sep 27 Apr
1,600 49 Apr P 78 J'ne25 47 No\ 69 Apr
9,600 15 Jan 21 35% Apr 20
9 Sep
17% Dm
11,350 37 May 9 68% Apr 19 25% Sep 47% Did
72% Dec
133,450 09 Jan 4 121% J'nel'!
49 Deo
7s May 9 S3 % J'ly 12
s 197% Apr 9 2183% Jan }189% May
J 191% Jan
Deo
37,850
Ian 21 170 May 2 125% J n>
J'n.
a
11
5,950 16 May 9 40% J'ly 2
115 Ma r22 75 J'n, no Dm
97 Mar
Deo
6,420 47 Mar 1 82% J'ly 1
29 J'n,
420 Apr 1 lllll Ma; 20 J ly
420 Apr
Jan 5135 Mar
139 Feb 21
}134% Jan 15
pref
1'ittsb. Cin.
.....
075
o
1.
54% Mar
94% Apr
38%Oc1
May
200 52
17.'.
aernian
reenwich
aTov
i
1
Western...
500
'
.;
Deo
21
J 'n.
J'li'
12
Apr 12
April
68
95
36
2
1
130
I
o
1.
.
Pacific Coast Co
Do lstpref
DO 2d pref
Pennsylvania
Peoria & Eastern
V re Marquette
270
German Am" 185
.•
325
German
II
1
64%J'n,
I
1
New York & Harlem
Ask
500
Dm
18,050 150
300 27
<fe
Elevated...
etropolitan Street
165
Gansevoortl
East Biver.. ^9 100
150 • •«>•••
11th Wardl
Fidelity" ... 200
......
Fit Hi Ave'
3250 • ••
Fifth
826
.
Sid
lib street'
o
ll,
Jill
9
13% Jan
Rio Grande western
Banlca
II
Deo
Nov
Apr
s
Jan
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Citizens'
Nov
Mar
Manhattan
Shore
Do
Banks
a
o
70
i.
86
1
103%
o
11% DM
39% Apr
40
Apr 3
May2£
53% May U
May
21
2
J'ly 8
8%
55
eb 8
Apr 29
Apr 29
Apr 29
18
Jan
Jan
Jan
120
175
Oct
1
!•
1
o
i
1,1
17'.'
Apr 2c LO3%0 oi
Mar 6 14 '..Jan
37
in
Di
„
1"
.
172%
122%
111
1
J'ly 19
12 121
.1.111
'1
1,,
J 'i"
L02
1
J
Met. West Side El. (Chio.)
Do
Ii.
Do
75
102
41 h
77 %
52
15
A pr
,j
L95%Ma]
April
Apr 16
1
:;i
l„
L87
150%
1
1
5
4
*
M ay
1
Apr
39
1
46% Jau
Dec
200 39% Jan 21
400 108% Jan 21 130 Mar29
230 4230 April 250 J'ly IS }197 Jan S210 Dec.
200 07 Jan 3 82%J'ne22 47% Jan -i May
59,122 70 May 9 111% J'iu-17
89% Dm
52,820 83 May 9 131% Apr 22 si J'n, 116% Dec
N. Y. Lack.
70
loo
2
19
Jan 21
May 9
22.920 124
5,450 21
5,050 48
100 21
& Western..
J216%216% 214 215 >215%215% 214 217 |215 215
214 217 N. Y. N. Haven & Hartf
30% 81% 30
31% 30 Hi 31% 30% 32% 31% 82Hi
32
33* N. Y. Ontario <t Western,
47 8 47"
45% 48% 48
48
47
48% 48% Norfolk & Western
4S% 48% 40
89
•88
89%
Do adjustment, pref.
•88
•88
88
89
89
Northern Pacific By
118 118
95% 96
95 % 95H
Do pref
95% 96
95% 86% 90 4 97
•05
•96
"08
Mar
5% Jan
Mob.&C.J.P.M&Co.rects
Morris* Essex
76
Mai 29 20
I
,)
Dm
ins'-.l'ii.
1
10% Jan
24
109% 111% Minneapolis & St. Louis.
112% 114 115
Do pref
.Minn. S. P. <fc S. S. Mane.
24% 2 4
24
73
7::%
72
Do pref
153% 154% 152% 154%
38% 39
39
89
J.,
I
07%
7% Jan 28 11% Apr 22
510 40%.May 8 57 -May 6
1,900 09% J an 21 80 May 2
pref
Erie
pref
108
111
24
72
27
125
ISO
65
tr.
pref. vot. tr. ctfs
Michigan Central
105
108% 106
11
Deo
Deo
ii.
May
A pi
175% Jnc
15
A pi
.1:111
100
92
Do pref
18,900
24% 25% .Mexican Central
5,200
9% 9% Mexican Nat'l tr. receipts
24%
% 9%
,)
in
200
116%
81
"3% Long Island
105% 106% Louisville & Nashville...
•
J
21 2
Mar 1 2 18
200
7:;%
104% 100%
119% 121%
108% 171%
24
Do
9
85
30
40% J'lie
75% Apr
May
I
9
9
168% Jan
Keokuk & Des Moines..
•7
24%
70
71%
25% 25% 27%
27
27% 27
52% 55%
53
56
54% 56%
55% 57
i03%104% 103 106% 100 108
109
105%
22
09
zo
"
35%
105
107
107% 112
100% 103'
148
250
23% 24%
9% 10
9%
....
150
250
41%
41
J
18
2,000
ansas City So. vox.
*31
•55
35% 35%
35
87
105%
41
9
35
•7
•31
•57
•117
75
103% 100
117 120
100 169%
22% 23%
9
41
8
35
59
118
-73
250
75
102% 104
110 118
24
09
25 7
51% 54
101 Hi 105
51
118
235
73
21% 22
03% 09
24% 25%
«24
09
25
-7
117% 117%
534% 84%
"21" "28%
8%
40% 40%
•31
59
235
"73T
101% 103%
9'
101
•7
*31
*5J
"73"
115% 117% 113%
100
40
39
9
35
50
120
20% 20%
1,
May
May
175
pref
Ft. Worfh&Den. Catnip.
178% Great Northern, pref
Green B. & W., deb. ctf. A
25% 28%
20
81
Mar 14
56
3
21
2
207
1,000
Terre Haute..
'-2
20
In
In,
Mar
Ii.
Jan 30 45 J 'lie 5
Jan 9 12%.ri.e
2,23o 13% Jan s 22 J'ne
213,850 24% May 9 46%J'ne
30,610 59% Jan 21 73%J IH'29
.Mar21
8,770 39% Jan 4 61
8% 8%
Do
deb. ctf. B
8% 8 Hi
•48
52
•48% 50% •50% 52
51
62
Hocking Valley
73% ":;•, 73% 73% 74
74
75% •74% 75
73% 74% 75
Do pref
146% U8% 140 148
148% 149
149% 151% 149% 151% 148% 151 Illinois Central
35
85%
83% 86
36% 38
30
34% 35
37
38
86%
owa Central
71% ;,,',
70
73
73
73
73
75% 75% 76
75
70%
Do pref
33% 33 '4
•33
•33
37
•33
37
37
Kanawha & Michigan,
19
40
8
35
59
u
•
.la
850
49 Hi 50
19
Ii,
Jau
1
Kvansv.
92
,J
i
Maris
9 1%
58% Jan
3,1'
i
115
J'ne'J,-
Jan
10,780
820
2,400
10,800 105
8,000 188%
2,820 29%
13,300 80
69
Denver* Southwestern.
Do pref
63
i
',
pref
In
IH2I'
52% May 8 24 J 'in
60% Apr 30 31 Od
82% Apr 3" 68% No
Apr 3(
111
Apr 29
130 Aprlh 119% I"
126
26% Apr 29
27% Jan
68 Jan 16
Jan 2)
Jan 31
10
16% Jan
2ilpf. vot. tr. ctfs.
I)n
107
23
1
o
MaylO 90%
l;ti
00
.1
Ii,
II
%
4 2
8,390
10,550
Delaware & Hudson
L61
1
Mnv
75
.
169
10%
28
l"OH;17l3H! .a 71
li
224 '-229
claw. Lack. <fc West'n.
4:i% Denver* Rio Grande
43
17% 17%
37% 38%
00% 67%
51
51%
17
36% 38 "«
04% 88%
48% 52%
53
65
pref
Chicago Terni'l Transfer.
Do pref
(live. Cm. Chic. & St. L.
Do pref
159
38% 38*
10
18
87
Do
225
43 H
93
I
90% J'ly
35
3,300
8,500
4
>-.
72
34
prat
:;:,
Chio. Indianap. <fc Louisv.
84
400
•69
Do pref
7]
62 % 167», Chicago Hlrw. & st. Paul. no, 010
1,095
is,;
Do pref
87
0,215
200 203
'hicago* North Western
25
225
Do pro!
147% 150 chic. Hock isl'dei Pacific 25,700
•12
100
(hie. St. P. Minn. & On,
L34
21
9
I
I
.1
91
1
•
49
.*.
l„
1
128%
117% May 7
Apr 19
1
% Jan
145%
1
97 J lie 6
>•*% Apr 22
9
19
Mar
May
87
t
150
L80
198
Mai
10
1
Jan
120% Jan
39,395 10 Jan
121
•lit 121
86
Lorain <k Wheel's.
74 H
Do pref
13% 14
Colorado & So., vot. trust
49% 49% • 19% 50%
Do 1st pf. vot. tr. el's.
%
May
800
Illinois
Chicago Great Western..
Do 4 p. c. debentures
93
'83% 84%
Do 5 p. c. pref. "A"..
48
Do 4 p. c. pref. "Ii".
50%
70
37
HurLA Qnlncy.
88
•no
1
203
1
70
72
'
1
1.
)
77
1
9
9 HIS
23.070 29 Mnv 9
12,150 27 Hay 9
2,950 72% Jan
1.750 138% Jan
prof
lie
ii.'..
'114
21
1
New Jersey...
Chicago* Eaet'u
99
S3
L86
1
7
Dtral "1
ohio
heaapeake
4 6 %
40% Chicago at Alton
1
38%
%
4
l'aciflc
at
70% 77%
20%
39%
89%
1
10% 20%
'-'
'I
I
196%
•120
180
08
«
90
Canadian
anada Southern
189
130
•84
•68
163
188
197
139% 148%
135
88%
47% 47%
ISO
197
1S5
141
156
loo
11,020
900
84
18
21
.lllll
200
praf
Do
34
195
Ohio, vot
at
ii'.
,
1
39
•90
83
68
1ST',
-07^ 7o
%
%
150
164 155% 155 157
55 % 150
158
225% -220% 818 220
21S 220% 21S % 225
225
4-2
42
40% 40 4
41% 4 1 Hi 41
41% 43
88 Hi 80 Hi
87% 89
92 %
"
89% 90
88% 92%
*
•-'l
i> (
'.
10:1%
,
76%
154% 164%
•20% 21%
21
100
196
129
83
47
•110
122
*
35
74 % *
12 Hi 13
12%
847% 17%
48
12-'
IS
949
56,450
l
Do
1"
88
22 \
9
45%
19% 20
88
38%
4H
10.77i,
134
90
{S3
195
89
-110
90
120
85
79'.
42% Jan
70 May
100,106
Sanl
at
prat vot ir. iii.-«.
79H Brooklyn BapldTranait
r.iittalo Koch. <fc Pltlsbg.
45
129%
•
88
89
L93
L9H
37
7
4£i?
48
lis
21%
33%
164% 157%
198
35 Hi
88
I
A pi 22
Apr 22
30
,\l.,\
otfs.
Bait,
68
156
100
40
136 Hi 1 40 H? 140
130 130 •130
is;.
•185
L98
18% 19%
86% 38
87% 87%
lliyhtet
20
Mih. Topeka
Do 1'i'i'f
t)
102%
109
129
•130
99
}187%
190
L91
138
•130
%
77%
49% 45
86% 39
75% 77
81% 81%
45
Hi
08
78%
156
128
21Hi
93
81 Hi
74%
96%
78k
97
94
101
07
•85
68
167 157
42 % 4:!'-..
86
87%
73
75%
42 v
•90
•80% 81
44
46%
31 % 33%
MAN'. B
Jul
1
99%
74%
._,._,
I
're lot*
'
'.'7 '.
•90
70
98
77 V
7 5 Hi
-87
125
....
l
Ann Arbor
Do 1"'
94% 98%
l:;i
%
•90
San9
Salssoil
VlllIK SI
day
11
193% 194
L0B
Lso
•130
Th
July is
25
66
78
72%
04 %
74 H
95% 96%
04
99
00
165
41
35
•20
•63
25
L2fi
88
*0t>
j
75
93
•157
STOCKS
/.
ItuilroiiiN.
•20
58
72
L2B
lol
Wednesday
July 17
i/
08 Hi
90 U
92
94%
90 Hi 91
88
77
125
100
Tuesdu
July 10
I
•
ttlS.
,,
c.
M
Deo
•
VV
3
124
Stock Record— Concluded— Page 2
UIGHl
/
8
rday
LOWEST BALE
v/i
i
lay
'
1
MO
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86
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1
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19
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64 V OF4
115 110
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248
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8
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250
54% 55
"L"i'',;
70
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54
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9
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70*4
70
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6
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ao
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1"
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21
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45
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70V
77
96%*98
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i
2
40
A
208
4V
3
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42
100
19
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145
99 101
37 J 4 38
II334 115
41
41
'"135
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411-
85
Sl'-2
207
*3
4
*7
11
18
72
18%
11
19
17
72
703,
093.
28% 29%
*27ia
77ia
......
*32V
*2ia
*6
17*8
72 >-,
27 '2
76*8
77V
33
80
34
83
*
33
80
OV
-
6i
5s
;
a
0'4
GO
15
551-2
30%
30 '4
30
U~s
15
72
871
90
85
70
'2
1218
95
101
18
42 58
103
19
90
44
77
701-2
361-
Ill
40
-SO
41
83
883
•205
*12
99
-
1
41
95
*9G
138
133
28V
•32
G'i
'
1
207
4
11
18^
7234
271-2
70 78
35
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hi
57
HI
45
14"-2
15
70
70"8
90
85
'
s
70 V 76*8
70
20
193b 20
*58
"58
-57
01
01
41
37
39
42%
9034 921s
SO
57
59^j
57
01
59
119
117 v 119
'140 1(30 *140 100 *140
89i4
89
89*4
88
.
59
.'.'.-,'2
OS
-97
'-2
101
131
41
130
210
Do
215
4
'4
215
210
KJ1-2
.
11
99 V 101
98 34 99 34
*126 137
-127 136
1934
19
20
20
20
22 V
175 190
'ISO 190
*180 190
215 218
21734 218V 21S 218V
04'-.
04
05 U 05 V
04 V 65V
llOHjlla
118
115 118
14134 142
142V 142 V
1-.
*8
*27-\
"8V""s~
9
8V
1
29
40
246
54
*28
"35
250
56
250V
-j
28 3
29
4
40
*;;r>
8V
3
28
4
45
2.35(1
1
!
pref
01
L69 Jan 12
May 9
400
26
"*3*06
73
!
&
Commercial Cable
!onsolidated Gas (N. Y.j
<
^Continental Tobacco
pref
Diamond Match
Distilling Co of America!
Do
pref
Gas Elec. of Bergen Co
General Electric
Glucose Sugar Refining..
Do pref
&
12 V Jan
57 % J 'Ik
72
Dec
Apr
100
205 ]\lar20
Mar
191
Apr
Dec
Apr
.!
J'ly
31 '..Jan 2
1
Xov
3 5-2.1
7
i
VJ
27VJ'ni
60 V J'ne
Mar22
'1
J'ly
J'ly
00
9
3
J'ly 8
J'i,c20
8P
8
•
lOVFeb
Nn\
34 V Dec
9
32V J'ly
3
.1
60
Feb
Jan
,,
18% J'ne 31V Jan
34 V J'ne 50 V Dec
J'ne26
Apr 20
J'ne20
Mario
Aprl7
1,100 117 '2 J an 3
894 Jan 7
99 May 9
137 Jan 2
13 V Maris
7o Mar22
12,100 37 May
200 175 Jan 18
100
S-'-i Jan 19
Jan 21
11,225
116 Mario
2*8*00 14
Jan 18
V Nov
2
35
89
'
'.'
C
99
41% Mar 16
-
13,910
7,520
2\pr
Jan 8160 Nov
111
J'nel7
A pi 23
\pl 22
8
1
1,740
57
lav]
•
SV
07 ', Mar 4
5 V.Ian 21
31 Jan 24
25 J ly 5
85V J'ly 12
IV Feb 4
22*8 May
lay 9
88 Feb26
3,0-11
pref
i„17
J
Aprl7
30
pref
pref
i.o2.»
28
19 Jan 21
07 Jan 19
21!- Mar ;,
86 Aprlo
1,135
710
runs w. Dock <fcC.Imp't
Colorado Fuel<& Iron.
^ Do
pref
Col.
Hoek. Coal <fc iron"
Do
1
3
pre!"
Har28
4VJ'lyll
J'ly
I)CC
13V Deo
Mar
Mar
2o'4 Apr
.1
Jan 8
83 34 Jan 23 130
3,095
1,100
pref
46VJ
4
Jan 17
1
Deo
J
22
2
I^ec
Deo
26
Cay 9
May 9
ran 21
1 .-;.
In c
7c ij'm
V Jan
-I.,,.
200
pref
Anaconda Copper
Brooklyn Union Gas
'
1
I'l
14
1
Jaii 21
1
7,600
2,000
1
]o
la,
'.(
2,230
pref.
American Woolen
4584
4
Maj
400
Joo
s-
20
V
I
American Tel'gh & Cubic
American Tobacco
Do
•16
99
130
94
Do
1b
*70V SO
43is 4434
'208 216
I'll
143% 142 V 145' American Sugar Beflnine
125
130 130
Do pref
19
-L"-2
'
Deo
.
Apr 19
99
Nov
95' 4 Mai L49
L07 Mai J S
J'ly
85
J'ne
rue s
nel
1
153
130
100
144
150
J'ne 3
J'ly
1
9
1
Jan
April!
J'ne !-
8
J'ly 12
12S
21% Jau 2
82^ J'ly 1
54V
228 Apr 15
MVMarlO
Dec
l
1
-.
J 'in
21V Dec
76 Dec
Jan
6VJ'n<
Sep
ll'l
l36VJ'nel7
114% Dec
Feb
22 V Dec
7034 Dec
54% Apr
Dec
16% Jan
Dec
131 v Jan
May 140
142 V Apr 29 1 1 7 Oct
25 V J'nel7 llVJ'ne 21 Apr
189 May 7 158 J 'in 83 Jau
1*6*2*" 168V
1
187 JanlS 238 Aprl5 +104 sep 201 Nov
4,075 38*4 Jan 4 71V J'ne 6 21V May 40 V Dec
1,400 93 V Jan 2 124 j'nelO 70 May 95 Nov
1
430 i4iv J'Jy 1'
420
8 J'lyL'
400 27VJ'Iyl5
J'ly
8
J'nel8
J'ne25
J'nel9
30 J'ly 12
64 Maj 81 J'ly
183 V Jan 1"
I'lie'J-l
Dec
120 Jan
45 Feb 16 65 May 2 44 May GO Nov
100i 8 100i 8
8102 102
19
93 34 Mar
106 May 2 92 Dec
Nov
"21 14*211*
21
20
21V -IV International Paper
1.300 18VMaylO 28 Mar22
Nov
a
70
70 3
75 V 70 V
74 34 7014
Do pref
1,710 09 Jan 21 81
Mar25 58 Mar 75 Xov
90*8 93
9434 95V International Power."""."
95
94
5,300 54% Jan 2 100VMay31 24 J'ne 55 34 Dec
034 International Silver
G 34
OV o*
500
5VFeb 7 11 Jan 6
3 V Aug 10% Jan
*33V 40
Do pref
33 Apr 26 39*8 J
'30' 2 38
"500 24 V Jan 22 42 Apr 10 28 Dec 2934 Dec
37
38
Internat'l steam Pnmp.
*82
85
Do pref
100 74 Jan 24 84 Mar26 70 Dec 77 V Dec
"95" "95"
95
95 Laclede Gas (St. Louis)
95
95
750 7o JanlS 95V J'ly 8 65 May 80 Jan
99
100
99
100
Do pref
100 95 Jau 21 100 Feb 28 90 Jan 100 Jan
*12
•12
20 Manhattan Beach
20
20
'is'
SV'an2s 22 Apr 16
OV Jan 18 34 May
42
42 V
40V 42
42V 42% VTational Biscuit.
i*472 37 Jan21 46 May 3 23 J'ne 40V Nov
*100' 8 101V 100 101
lOlVloiVlll Do pref
140 92 Jan 2 103 J'nel7 79V J'ne 96 Feb
20
20
20V 20 s •19% 21 National Lead
1,200 15 MaiT4 25VJ'nel2 15% Aug 28V Feb
'•85
•86
92
90
90
*S5
Do pref
100 81 Mayl6 93% J'm 13 83 Aug 106V Feb
443, National Salt
44
44 V 44i4
44
44 V
2,000 4o Jan 7 50 Mai-21 32 V Oct
40 Nov
77i,
77
77V 77*8 7734 77 34
Do pref
09 V Oct
70 V Nov
1,100 72V Jan 3 84 Mai 21
?140 140 New York Air Brake
*T35 140
250 133 J'ly 16 175 Apr 2 6 112 Sep 175 Nov
J 00 V 103
101 10134 5103 103
North American Co., new
8,005 73VFebl4 109 J'nelS
39V 40V 1>acific Mail
2,100 30i->Mav 9 47 V Jan 29 25 34J'ne 57 Nov
88V 39
114 11534
iii"ii5*4 1 1414 110
cop. Gas-L.cfc C. (Chic.) 39,200 9534 Jan 21 120VJ'ne21
81% Oct 111 V Apr
"
42
40 Pressed Steel Car
42
42
41
1,370 30 Mar
52 Jan 2 32 V Sep 58 34 Jau
85 14
S47t
85 V 85*a
84%
Do pref
81V
89 V No
966 72 V Mar
89 Apr 29
?208 208 '205 208 *205 208 Pullman Company
350 195 V Jan 21 217 Apr 1 170 J'ne 204 Dec
"3
414
3V
4 V Quicksilver Mining..
*3V 4V
IV Apr 2 2 5VMay31
2VMar
VAuf
*8
*7
11
10
*8V 11
Do pref
7
Mar20 12 34May27
10 V Mar
7 34 Oct
34J'ne 27 V Feb
19 V
Ml
18
19 V 20
12*8 Jan 22 24 J'nel"
19V 20V T) epubiic Iron & Steel.. 11, 3.
S
73
73V 71-j
Do pref
3,950
Jan 2) 82 Apr 1 49 Aug 7034 Feb
73V 74
74V
'26
30 Kubber Goods Mfg
28
28 34 -28
28
800 27 V J'ly 12 38VMay 2
77
77V *
Do pref
100 70 V J'ly 10 90 May 2
77V *
-32
*32 l4 34
35
-32V 35 Sl08s-Sneffield Bt<ft iron
100 19 V Feb f 41V Apr 2 17 V Oct 26 Nov
*78
80
*78
83
loo 05V Jan 25 S634 Apr S 69 V J'ne 71 Nov
Do pref
7
*6% 7V
7
1,700
7V "V Standard Rope a- Twine.
3VMar
8 V J'nelS
4VMar 10 V Jan
8
59 V 02
GOV 64V Tenn. Coal, Iron <fc HI!..
57V Gl
49% Mar 7 0% J'nelS 49 Oct 10.4 Feb
36
30
30
37V
i'J
37V 38V Texas Pacific Land Trust
Jau 18 42 Apr 20 13 V J'ne 2134 Dec
15
15 V
15
14% 15»4
16
Tmon Bag<fc Paper
2,430 12 Apr 12 19%J'nel7 10 J'ne 25 Feb
-71
74
72 V
72 V 72'.
71
Do pref
1,100 or, April 75 J'nel7 66 V May 773.J Feb
*80
*86
90
85
90
885
United states Express...
166 153 Jan 26 100 Apr 19 545 Mar 59 34 Dec
1234 13% United States Leather
l- 78
12»4 13
12 V
8,090
7 34 May 9 16% May 2
7 34 J'ne 19 Jan
*77
78
78 V 78V
Do pref..-.
77V 78
2,440 69 V May S 82 J'ne 3 65 J'ne 79V Nov
-19
21
20
19
United States Rubber....
1,050 lSVMarll 34 Jan 2 21 J'ly 44 Jau
19V *19
-57 V 60
*58
Gl
55 Apr 8 85 Jan 2 74 V Dec 10434 Jan
Do pref
3:134 41V United states Steel
40 V
37
39 V 41V
.95,915 24 May 9 55 Apr 30
SO
88*8
Do pref
88
56,112 69 May 9 101% Apr 30
88V Oil
89V
5934 5934
59V GOV 5934 60 Virginia-Carolina Chem.. 3,700 51 J'ly 12 72 Mar30
120 120
119 V H934 120 120
Do pref
1,400 110 Apr26 124VMar2S
140 160
140 160 '140 100
ells, Fargo <%_Co.
8130 Jan 11 £160 J'neUl 120 Jin 140 Dec
90
92
91
est'n Union Tele'gph 37*6*30 81
Jan 21 100 V May 61 77VJ'ne| 88 V Jan
92V
.
541-2
258V 253 V 200
50
56
50V
6,65*0
2.95
,
UVMar
,
.
'-2
12*8
77
1
'
"
i
40
*85
123a
12
'4
>
Jan
-
84ia
59
32
7314
I
Sl 73
•'.,
17
4,875
.
H4 7e
:5
1
10,00(1
3*, 17o
American Locomotive.
Do
l<ec
,
l35' 8
4,310
Pjef
American Linseed
Do
3
fc
*33V 40
37
82
90
.101
•lo'
18
41
41
101 101
19ia
19
89
89
431-2 4334
37
82
90
102
80
'30
245" 248
;
»8
*28
1
Do
Deo
.
Jan
,
0''j
6 34 American Malting
28 a4 2984
Do pref
50' 8 Amer. Smelt'g &
55
BeflnVg!
10l>4l02
Do pref.
-41
48 American Snuff.
127V 129% I2934 130
95ia
18
-,
7
!
1
*97"*ibl"
lo
,
<
•
7
-41
84*8
Do
'
70
American Express
American Ice
887V 87V
f..V'.,
101
V
LO
in
lo-',
1
5
Aiiu-rican Jiicyclt
21 7,
Do pref
30H Ami ricau Car& Fonndrj
s.3
Do pref...
30 American Cotton oil
-190 200
82 1
*0SV 70
28
*00
64
•26
27
30
125
'
*i8""i»"'
•130 185
213 215
01
"(i'.2
*27i-2
loo IOII4
K 41
4S
*83
S4' h
137 14l42't
9913IOO
128 V
1
87
200
34
69^8
122
•17
i
7
86
28
28
*60
04
20 '.2 27
80% 87
.
120
125
:
87
188
34
52% 54
101»4
8
29»4
29
::
Ja
2,0011
vot tr. otfa.
nOsceOaneoiu.
(lams Express
malgamated Copper
A
I,.
*4
30'.,
i"I
*27V 30
ia
*41
188V
.
*120
53
52*8
J
i
.
i
J'ref
lstprel...
2d prot
isconsln Cent v.
Do
180
170
29%
i
7
\\
25
29 '8
85
.
68 '4 09%
25 4 27
62
68
2 7'-..
26
*86
87
*0
7
*27V 30
51%
10034
48
85
n
68%
>
29
03
25
86ia 87
27«a
52*8
'.j
68
,
87%
"0
;
30
*843b
29
91
200
31',
32 4
!
'-2
175
175
1143a
28
29%
83% 84
*28
•89
lss
28
186
1
-29
22
30
m
"" Pacific
"I
1 Dec
Deo
29
67V
Transit.
I" a
..
Dec
1
(N.
Sep
r,4
.;
V
1914
01
38%
.-57
I
5934
119
100
9034
U
[
^V
BANKS AND TRUST COMPANIES -BROKERS' QUOTATIONS
Hanks
Bnnks
NEW YOKE
CITY.
Sq.H..
Union
Varickl,
liugt'nl
Side'...
-
Bid
Ask
15
600
Western
I
VorkvilleTf
..
J
BROOKLYN
BedfordTT .... 225
Broadway!'..
Brooklyn*, ..
*
t
Media
North
|j
Peopl
Bid
BROOKLYN'
17th Wardlf. 125
200
Sprague
26th Ward'u 140
Ask' Trust Co's Bid Ask
C'lK'tyB&Tr 525 575
'
213
.
Union*!
WallaboutIF
1
.
10
100
105
214V
side"
Farm Lo&Tr
Fifth Ave Tr
ICnick 'rb'k'r
Trust Cos.
CITY
Atlantic Tr.. 275
ISowl ':190
Manhattan
205
Bid and asked prices; no sales were made on this
Sale at Stock Exchange or at auction this week.
day.
s
290
200
..
Mercantile
N. Y.
1.75
i95
Central Tr'sl
City Trust...
Colonial
Continental
Guaranty Tr
£ TraH 2 70
Merchants'.. 100
350
Nassau
Nal City.... 300
40
Banks
Ask
Sth AVanl'i ..
85
5th Avenue* 100 110
1300
Co1 ... 130
Manufactrs'. 285 300
275
175
I
Bid
>KXYN
..
.Merchants'..
Metropolitan
? Less than 100 shares,
t
Trust Co. certificate*.
t
Es
1850
375
595
425
1475
1009
675
700
450
925
320
500
1950
410
Trust Co's Bid
MortonTrust 1150
N Y L I & Tr 1275
NY Si
975
Amer. 255
Heal
350
StanitaielT't 375
Ask
I
1100
BROOKLYN
of
Am.
rights.
450
Unit states
Washington. 510
•
IslL&Tr
2 70
Mannfact'rs
320
210
350
200
Nassau
I|
People's
Williamsb'g
Ii
Banks marked with
Ask
170
200
1,
1075
.
7'/.'
Flatbush...
Franklin ...
Hamilton...
dings Co...
205
Union Trust 1350
USMtg&Tr
Trust Co's
Brooklyn Tr t20
......
J
725
c
DM
prSO
ctis"
tr.
Do
Do
41V 44
'2'.
76
8,910
4,245
Wheeling <fe Lake Erie...
21% 22
'...
83 V
.
28
::
27
i
87
21'...
1
»» J'"
'4
27 V
1186
*68
v
12
5
\i
;
-.
!
40
43
170 185
1U'..1M.'„
85
1
»190
;;:,
,.
25
82i*
27',
27> 8
'J
20%
40
1
-11
'
2]
.)
.1
in,
ild
1
""
.
1
JS'.H
,.1
100
109
»4
20
51
*2s'o
181a
41
s:i>
21.
80
16
41
90
•Jo's
39
win
1
.
80
i
'
57
>t. J„
W.v.ti
pref. vot. 11
1
90
89
95
10234
ib*2>siou
2D'..
38
•
61
80
20
2
'.U '2
87V 90V
1
20
i
pref. rot.
A
I),
04
pref...
Avenue
J/ir/hett
l.i, 1cr.1t
15 V J
7*e Jan 21
2d pref....
Southwestern.
"
103
95
87
Is
19V
i
UlrO
1
id.
2:
'.11
90 V
,
is
122
84
.,
ZOUHlt
1
110,130
Do
r
Poxi
I
10
39 V
20
82V
Shan
i-
pn
voting
1
20
'••
L v.
ii
84
:;i
r.loui
till)
lstpref.v.tr.ctfs
2rt
:;o
'-j
i-nr 1901
r
tht
!'"
70%
''ii
1
Law.&Ailii
<v Ban
1
70
<;.
Louis
St.
1
I
89
29
.
STOCKS
VOKK STOCK
ll.\M,l,
9
39%
43
i
81
i:\V
[Vol. lxxiii.
,
July 19
70
70
•
30
',
July
,
13
G
.
.]
85
July 17
N
/
1(1'
69
i
31
Thurtdqy
1r.11
July 15
1
PJilt
v
3
..
'
410
330
220
a paragraph (') are State banks-
Stock ExcliaDge— Bond Record, Friday, Weekly and Yearly
I'M. «M
MM
l»l l\(.
New York
(
BONDS
EXCHA1
N. V. stuck
U BEK
July <y
Hid
r. s. Government
2s oonsol re
lUpOD ...
U8
I
v
1
.!.«/.
BONDS
V
out
Jiil
I
9
1
luS
I
J
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l
loT'
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it
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19
V
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.
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.
liild
.
s
I
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fcl91*
s 3a ooupoii
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H s
ft L90'
red
L09
L09
.
100
\i
109
116"
i
J
.
I
i
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M
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;
coupon
la
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G
-
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Foreign Government
s of Mexico a f g 5a
i
L08 1*
;,
i
100
i
'-
1
139
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l
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1904
L90
latered
.-
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coupon
a
i
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113
h LOO"
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Uay'01
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the
x.
1
1
Man- Secwities
Alaliama class A
Small
Olaaa
l
—
to
la
Currency funding
109
ifumbin :> 05s
192
Louisiana u< \> consol 4s.. 191
I
lii'.i',
>urifunding....lS9
Os
108
Denvi
:
rtnia
112
117
95*2
95
L20
Mar'00
90
94
Feb '01
9e"*09«4
96
96
J'ly'Ol
93HI
9G 3
i
10
May'01
10 34
7>a
Railroad
Alabama Out
1
So
.Sec
Rv
Am Dock 4 1m
A
g
1
97
us
97
1
-
Sale
1031.1
97
1
103V227
108 s4J'ne'01 ...
97M112
97*a 98*2 97
95
"95" Sale 95 May'01 97
06
102
108
Sale
Q-J
A-O
ib"234 i'0'3"
Q-J
M-N
pl925 Q-F
Southw Div let g3*2S... 1925 J -J
1st
1st
96
J-
rtered
Registered
103 34 Sale
89 Sale
'
89% Sale
M925 Q-J
gu g 68. .1919 F-A
May'01
<fc
95*3
96
95!-2Mar'01
90
102 3
103'j 67
4
lOl^J'ly'Ol
103 ^2 104>i 240
89
1
80
W'l """89-V,
82
90VJ'ne'01
May'OO
ill
ogl%8..1980 M-S "111
Cen Ohio R
Beech Creek Bee N Y c
111
111
H
& Montauk See Long
& West £e< Sav PI W
Ruiialo N A ec Erie See Erie
Buffalo R & 1> gen g 58...1937
M-S
118 34 118 34J1y'01
118
Debenture 6a
1047 J-J
<te West lstg 4s gu..l998 A-O
1st gu g 68
1943 J-J
Boch<fe Pitts 1st g 68.. .1921 F-A 128 14....
Consul 1st g 6a
1922 J-D 120 129»a
Buffalo* .Southwest See Erie
Buffalo* Susqu lstg 58. .1918 A-O
latered
1913 a-o
Bur Cedar B & No 1 st 58.1906 J -D 104 8
Con 1st <fc col trust g 5s.. 1934 A-O 122
Beglstered
1934 A-o
CR 1 F&N
1st gu 5s. 1 921 A-O
St 1,1st gu g7a..„1927 J-D
Cianada South 1st 5s
1908 J-J 1053j
;2d 5s
1018 M-S 100^110
All
C1& Mah
•''
.
.
W
;
1
9 1 3 M-
103
131
129
100
104^
Apr '97
J'ne'01
Nov'!
105
15
L23 14 J'ne'01
117
NoVOO
113*2 Dec'UO
lllf)^
iogig
110
110
10U 34Apr'Ol
Cen KR& H of
Cent of Ha BB
&
Ohio
Ga col g 5a 1937 M-N
g
5s..j>19 45
91^
93^! J'ne'01
101
lOl^o J'ly'Ol
F-A
1945 F-A
1945 M-N
1945 M-N
pref income g 5a
1st
pl945 Oct
2d pref income g 5s
pl945 Oct
3d pref income :i Os
j?1945 Oct
Mao 4 Nor Div 1st g 68.1946 J-J
Mid Lia* Atl Div 5s.. ..1947 J-J
Mobile Div lstg 5s
1940 J-J
Cent of N J 1st consol 7s. .1902 M-N
General gold 5s
1987 J-J
l'.is: Q-J
Beglstered
Dock & Imp gu 5s.. 1921 J -J
Registered
Consol gold 5s
Registered
Am
41
120HaMar'01
ib'7*"
lo^
104^2
128!4
130
m'aSale
IO0I2
107
96
77
30
Oct '00
70
17
95
102
106
Sale
77 >a 70
30 '.j 31
ft
122
110
J'ly'Ol
117
Apr'01
180
I&D
J'ly-ol
Deo '99
26
:;n'i
J'ne'99
Oct '00
108 Apr'01
120 >a 130
130
L30
113'-2
7
24
llSHi
A-O
108*2 109
J-J
J-J
114
110
114
102
Sale
JlM'in
101
101*2
102*8
93 '2
02*a
M-N
loo
F-A
l-'-A
Nassau Elec gu g Is
L951 J-J
City* 8 By Halt 1st g 5s.
J-D
Den Con Tr Co 1st g 5s...
A-O
Den Tram Co con g t>s..
J-J
Met Ry Co 1st gu g lis.. 1911 J-.l
Louis Ry Co 1 st con g 5s.
J-J
Market St Ry 1st g 6a.. 1913 J-.l
Met St Ry gen col tr g 5s.
FA
Bway &7thAvlstcg5s
J-D
Registered
1943 J-D
Col & 9th A v 1st gu g 5s. 1993 M-S
Registered
199;; M-S
* No price Friday; latest bid and
L
1
93
Mo*
A
1
1
5
110*2
110
110
L05JflFeb'98
in;
'2
Met
St
LexAv* P Flatgug6al993
M-S
)•
122*2 124
J'ne'00
Mar'98
lsi
|g
2000 J-J •lor.
Union
[Ohio) 1st g
L9
W Chic St 10-yrlsl our5s.. 1928 M->
5s.
...
E
1
'
1
98
1
15
I
86 'a 96
'.'.
111*-.
.1
i-:i
109
40-year oonsol gold 6a...
121 Sale 121
121
119 34 J'lv'nl
120
120
U&*aDeo'00
122 *a 124 il22*a 122 Ia
asked this week,
o
9 117'
...
118
and Electric
<.'u*
1
:
T.iglit
G L Co 1st g 6a. ..1947 J-D
L Gas tr ctfs a
Atlanta
1
Duo Jan
122*2 12u
Boa
Bklyn
liDueAj.r
....
Mav'01
.
112
'.,
1
119
18
L16*sl22
J
I
110'i
ly'99
vpr'Ol
I
!
lc
j
Apr'01
118
lis
119
.1
117V
1
117V'
117
>
fly '01
'
1211a
J'ly'Ol
L04»< 108
!l08\ill2
107
Mar'00
Apr'01
Lj.6»4
116
111
L08 1*
HO
1
*
109
J
117
3
L22
lo-^a
110*4
.1
k.pr'01
117
113
.1
111
.i
111
:
.
127
1 '4
J
1-12 1 4
1
W
Apr'01
127
99*8
97
111
I
J
I
Street Railway
By— (Continued)
1903 M-S
F-A
Mil Kl By a, 1. 30-yr g 58.1926
Minn st By 1st con g
J..
St Paul City Cab con
JGuaranteed gold 5s
1937 J-J
Third Ave 1st gold 5s
1937
-J
Ill
100*2
...
J'ly'Ol
Vnr'01
-j
Continued on Next l*n«e.
Jan '99
J'ne'01
114
'4 J
,
MS
.
95
1
PM
BONDS
110
Tan '01
J'ne'0]
!
.
I
2 107
lOSi-j
108*a
1
102 'a
•
.
IUISCEjLjLANEOUS
Street Knilwny
Brooklyn Rap Tr g 5s.
1915
Atl Av iiklyu imp g 5s..
BkCity 1st con 5s.
1941
Bk y Co ec 8 con gu g 5s. 1941
Bklyn Un Kl lstg t-5s.
Kings Co Kl 1st g 4s
1949
Ll2*4
.
1
SeeBCR<fcN
1st
BD
:!
SceNYC&U
Cen Branch U Pl8tg4s...l948 J-D
See Balti
M
'.j
See
Cent
Carolina Cent See Seal) * Koan
iar&N
120
J-J
6a
1
May'01
111
Carthage* Ad
1st
Erie See Erie
121
b it Loulsv rei 6s... 1947 J-J
110
Ri'fiindinir gold 5a
1947 J-J
96 101
Loulsv N A*Chl8t6a L910 J-J ii'i'
101'elo.-,
Chic Milwaukee * St Paul—
102 104
& St P 1st 7s »g BD.1902 J-J '173
173
1st 7s .« gold
80 34 99
L902 J-J
lstdfc H78
95
94
1903 J-J •IT.:
3
Chic Mil* St Peon 7s.. 1905 J-J *173
90
00 4
Terminal gold 5s
J-J 112 115
191
Generalg4s series A..el989 J-J 109 111
Registered
108 108
«1989 -J
General g S^s series B.el989 '/::J
eioso J-J
Beglstered
Chic* LSuDivg5s....l921 J-J IIC'8
llO^
Chic&MoRivDiv 5s. ..1926 J-J
Chic &Pac Div 0s
1910 J-J
97 34
95
Chio&P Wlstg5s
1921 J-J 116*8.
95 '2 95 2
Dak&GtSog5s
99 105
1916 J-J
Far* SouassugOs
IOH2IO4
1924 J-J 131 '4
100 'alio
Hast* D Div 1st 7s
1910 J-J 121 34
1st 5s
1910 J-J
87^ 91 '4
Exten 1st 7s
190S J-J 175
88*8 '92'
Lacrosse* D 1st 5s
1919 J-J II-IHj.
Mineral l'ointDivSs
90' j 91
1910 J-J lOS'',.
So Alin 11 Div 1st Os
L910 J-J 114*4
Southwest Div 1st Os.... 1909 J-J
Minn Div g5s
Wis*
1921 J-J
Mil* No 1st
US 1*
0S....191O J-D
1st consol 6s
....
1913 J-D
Chic & N'west consol 7s. .191 5
137 1 142*2
Gold 7s
105
1902
Beglstered
1902 J-D 104 ....
Extension 4s
115 11S 34
1886-1926 F-A 105 110»2
Registered
1886-1926 F-A
General gold 3I2S
1987 M-N
Beglstered
»1987 Q-F
-ii'i
Sinking land 6s.. .1879-1929 A-O
117
130
Beglstered
A-O
129 131
187
Sinking fund 5s. ..1879-1929 A-O
Btered
1879-1929 A-O
Debenture 5s
1909 M-N 100 112
l
Beglstered
104>2l08 4
1 909 M-N
Debenture 5s
110 1 2l-7'v
1921 A-o ii'7"
Beglstered
L921 A-O
Sinking fund deb 5s
j 125
L933 M-N
Beglstered
1933 M-N
Des
Minn 1st 78.. 190 F-A
105
109
Miiw Madison 1st 6a.
lo7'-j
110 ...
North Illinois 1st 5s
...
10G i 108
1910 M-S 111
OttCP* St Paul 1st 5s 1909 M-S llo^...
Winona <fc St Pet 2d 7s. .1907 M-N llO'i ...
Mil J. S* West 1st glls 1921 M-N 130's...
Kxt & Imp sfund g 5s 1 929 F-A
127 34
Ashland Div 1st g 66. .1925 M-S
95
92
Mich Div 1st kOs
1924 J-J
Convertible deb 5s
96 103 sj
F-A
Incomes
119 120>a
191] M-N 111
Chic Kock lsi * Pac 68.. .1917 J-J 127'o
97> 4 108 34
Beglstered
1917 J-J 12(i>2
General gold 4s
J-J
Beglstered
83
60
1988 J-.l
lies Id ,v Ft U 1st 4a.. ..1905 J-J
07*2.
20
36>a
let 2*88
1905 J-J
21
8
.... 1005 J-.l
Keok* DesM 1st 5s.. .1923 A-O
Chic* St L SMAtChTd
eldest L* N o See ill Cent
106 v
St L* Pitts Si
127
Chic St
ct O con 6B...1930 J-D
127
138*9
Ch St P & Minn lstg 6a 1918 M-N
113
n
<fc
-
Shawn
&
L23
r.
ML
1
Registered
1937
.
J'ne'99
Bellevit Car Bee illinnis Ci nt
Boono Bridge See Mo K A; T
Bklyn
Bruns
.:
1
1
W
ft
1
1
1
*
No'?
ft 1996
ft.1996 Not
5s. ..1902 J -J
Austin & N
SeeSou Pacific
S See Mich Cent
Eat Creek &prior lg3*2B.1925
alt & Ohio
Registered
A1925
Gold 4s
1048
Registered
/(1048
Subs to conv deb 4s
1911
PJun<£ M Div 1st £3*981926
112>a
1
Ohio* indC By
Chic<fc St Louis 1st 6s.. 1916 M-s
Atl Knox <fc Nor let g 6a.. 1946 J-D
Atlanta & Danv .See South By
Atlanta A Yadk See South Ey
Central Ohio
M-N"
7
...19
...190:
lorn ertlble 5s.
Chicago
.1
Registered
.
A-O
M-N
L91fl
Registered
See Lent oi N
Ann Arbor 1st g 4s
A1996 Q-J
s Fe gen g 4s.. .1995 a-O
AtohT.fi
Beglstered
1995 -V-O
Adjustment g is
ftl99
Stamped
Equip tr aeries
10214.
1922
1949 J-J
1949 J-J
.1919 A O
is
91 8 M-N
Debenture 5a
r/i
11.111 A- si Joe consol 6s.. 191
cine >fc a in Lai s cur 68.1907 J-D
small
L907 J-D
1st consol g Os
1934 A-O
i.ien era! oonsollstSa
1937 M-N
See »;iv Kla'cc \\
sus (| Bee Del<6 unci
Allegheny Valley S««Penn BB
Alleg >t West See Halt K <fc P
<fc
i>\
Div S'aS
Southwest!
laba Mull
Carb
A-O
1
Os deferred oertfs
M*
o
\
901
Registered..
10
90*2
04
fund debt 2-3a.. .1991
Monon Riv
1
Sinking fund 4a
Nebraska Extensi
eistered
Albany*
>.C
105
lly-lll
Small
\
r
Illinois
I
iio" Feb'bi
136*a
l'.i:
:;.-.
vL
J-J
1950 J-J
7s.. .1908 J-J
1
-lereil
1919
troUna 4*23 20-40
lsi
......
ill
Small
Tens new settlement
A-O
Sinking fund 5s
loay'01
106*4.
4s. 1910
AC
1912
l'.i'.l
I
1949
',,
M
V
1
-1
Apr
KI9'-j
North Carolina consul
1
,1
106 'a
I
ill
Trust
g
-
1
ijj"
1903
Mil
108'-.
Railway
IU3 -
103
109
126
1920
is
pr'tll
'.
LOS
L90I
1001
Ba
i<
107'„109
-J
J-.l
/I
\
len-il.
1
.r
1989
ah BB
age 3s
,,
0(1
Q-
i
1
J
e
I
L'
tins 1st con g 5s. 1945
M->
Due May ffDueJ'no h Due
J'ly
117
k Due
.
>
.
1
Bond Record— Continued— Page
126
BONDS
Wei
i.
i
i
P M A
'I
II
ft (Mil
Clue
(.-ilii
130
93
iu7
191!
ChioA West Midi
ChooOt
Kj 5s.. 1921
11
n consol si
.»
3d gold
\
1041
Cm
C 81 L«S C SeeCCG & Bl
CinSAC Se*CC<
See B BA P
im
CCC&SI
Cairo Div lsl gold Is.. ..1939
ClnWA M Div
I)
.'.
I
I
'
M-N
Fla
1184H9
;|
..
i
1
L Div
St
lsl ool tr
WW
Bi gistered
l't
115
W
Wh
. .
Dak & Waco
alias
/SVc
1
1.08
M-N
M-S
st 6s.
J'no'01
99
loo
83
mi 4 1024
Apr'01
103
.
J'ne'01
9841044
105%
Loo" i 06"
102
May'99
Nov'99
. .
Q.J
103
3:5
j-D
114
1044J'ly'01
4
jj
131%
KJO
132
1384J'ne01
110
134
1384
j-.j
Q-J
A-O
Apr
A-O
J-J
97
97
65
127
97
66
034
Sale
Sep
111
81
82
FA
Sale
81
88%
J-J
J-J
Sale
82
88
12941304
J'ly'01
55
EvATH
87 4
89%
1204
1304
'101%
J-J
120 3 ,1234
12034 Apr'01
138
138
LOl^May'Ol
136%
136 34
1334
1194
1
1164.
145
U84H9
117'aMay'Ol
147 May'Ol
150 Feb'01
116 J'ne'01
122 J'ne'99
ii"7%ii7%
14541 174
1 '.
109
334 1 36 4
1194J'1V01
103 4 Oct '00
107
;
J'ly'01
140 Oct '98
1H3 4 J'ly'01
50
116
1
151
101
111
111
'01
102
J'ne'01
J'ly'01
49 100
108
111
Feb'01
107
50
H7
91 J ly'()l
1154J'ly'01
:
105'.)
1
1054.
112
.121
*121
1921
88....1951
.1951
.1951
93
Sale
101 4'
101
4s..
6s. ..1951
Kan
M
A
.
May'01
Oct '98
121
Sale
124
1004102
115
118
1184 114
107
.
J'ly'01
96
65
101
75
1154118
1154
69
634 Oct
Gold 4s
U184118 4-
110
.
67
1(
72 4
'00
U8'4
120
110
118 34 1244
117 1194
110 1154
1194
J'ne'01
110
11041104
110 4 May'01
J'ly'01
1084111%
111
Mar'01
1094111
112
J'ly'00
1084
108
1094 Oct
964
97
'99
109
J'ne'01
109
101
109
J'ne'01
'95"'i"o6'
94 Feb'01
107 J'ly'01
1154J'ne'01
1114May'01
65
123
109
111
94
100
118
94
1949
1
1154H54
10741U4
123
107
1911
NorShBlstcongguosoliKiL
1074 Louisv A Nashv gen gGs. 1930
M
J
M
M
1 93 7
M
19!'
.1
1940
Beglstered
120
111
Ed E 111
1184 Mar'01
EHA
A
L
NOAM
Lex gold44s...l931
103
102
J'ne'01
1854Apr'01
107% Dec '00
Purchase money Gs
..1997 A-O
1264 J'ne'01
Ed El II Bkn 1st con g 4s 1939 J-J
94
96 4 Dec '00
LacGas Lof St L 1st gSs.el919 Q-F
110 109 J'ly'01
Mnt Fuel Gas Co See Peop Gas
* No price Friday; latest bid and asked this week,
a Due Jan
113
1014,102
1004101
1014
M
Sale
101
95
1094110
May'00
1184
1144
Dee '00
118%
1144
112
1204.
1144
99% 1044
Ill
102
101
31
1104114%
113
113
1004
1004
Dec '00
99
102
113
Apr'01
Jan '98
116
116
128%
130% J'ne'01
130
130%
Electric Light
112
1st con gold 68
1904
1943
1947
1937
J-D
A-O
M-S
114
97 34 Sale
107
114
'10841154
J'ly'Oll
96%
97 34
<
1044
;10G%109 4
102
4 J'ne'01'
102 4104.4
J'lv'00
1024J'ne'01
121
.
J-J
107
111
Mu Fuel Gas 1st gu g 5s. 194-7 M-N
Trenton G A El 1st g 5s. .1949 M-S
Utica E L A P 1st 8 g 5s. 1950 J-J
1244J'ne'0l|
106 Dec'98.
Ill May'01
108 J'ne'Ol
102 J'ly'01
101
10G
105%J'ne'01
Refunding gold 5s
OhG-LACkelstgugds
94% 984
107% J'ne'Ol!
121 4Apr'01
107
1194
117
G Co of Ch 1st gu g 5s. '36 J-D 1074109
Eq G A F Ch 1st gu g 6s. 1903 J-J 103
d Due Apr
97
95
on Xext Page.
NYAQElLAPlstcong5sl930 F-A
1854
ii'6"
Oct '00
99
Feb'01
97
95
105
106
116
103
Con
i'0'7'"
1024105
J'ne'01
1094 J'ne'01
Jan '99
113
1948 J-D
Purchase money g 4s. ..1949 r-A
Ed El IlllstConvg5s..l91() M-S
1st consol gold 5s
1995 J-J
102 4
12441264
101
107
105
113
Pater-son A P G A E g 58.1949 M-S
11841164 PeoGas A C 1st gu g 6s. .1904 M-N
101
155
1224123
101% "ioi*a
,r
1st gold GS....1930 J
2d guar gold 6s
101
-'
.1204
M
Gas and
99
35
Apr'01...
4 Q9
M
Coll trust gold 5s
1931
Coll trust 5-20 g 4s. 1903- 1918 A
Cecilian Branch 7s
1907
Nash 1st g6s...,191tl J
NYGELHAPg 58...194S J-D
Registered
102
97
Q.
J
Unified, gold 43
Cin
1004 96
'90
105
100
A
M
Gold 5 s
Nov'97
J'ly'01
J'ly'01
4 Sep
1224 May'01
.,..104
193.' J
N YBAMBlstcong5sl9.;;,
N Y A R B 1st g 6s
1927
1154118%
Electric Light
118
1154
107
124" i'264
'.
lst5s
.1184 1154May'01
Columbus Gas 1st g 5s
1932 J-J
Con Gas Co See P G A C Co
Detroit City Gas g 5s
1923 J-J
99
Det Gas Co con 1st g 5s. ..1918 F-A 100
Ed El lfl Bkn See K Co E L A P
105
X24"*"i24Ja
1004 101
76 May'01
69
Unified gold 4s
114
109
10741074
'01
102 4Nov'00
107 J'ne'01
-
1950
Debenture gold 5s
1934
Bklyn A Mont 1st gGs.. 1911
M-N
108
100
98
129 4
A
See EriS
1st con g 5s. /1 1931 Q
1st consul gold 4s
711931 Q
General gold 4s
1938 J
Ferry gold 44s
1922 M
121
A-O
A-O
A-O
Nov'9-J'lv'Ol
1154
13041304 Long Dock
121
109
23
1
124" 124
l()0 4Nov'00
1044-
.
J-J *116
M-N 115
1
113
LAN
123
108
140
J-J
.1
107 4 Jan
115
116
106
137
F-A
;
123% 123%
"'98'
Pacilic See
K T
City Sou 181 gold 3s. .1950
C
00
115
1
124
90
128
127
IntA Great Nor 1st g 6s.. 1919
Kafi
1
i'134!
W
M
91
102"'i'024
4 Kansas Mid See St L A S V
1154 Kentucky Cent See
Keok A Des Mo See, C R I A P
J'ly'01
J'ne'01
J'ue'01
Gas A ElecBergCoc g 5s. 1949 J-D
GenElecCodeb g 5s
1922 J-D
Gr Rap G L Co 1 st g 5s. 1915 F-A
K Mo Gas Co 1st g 5s... 192 A-O
Kings Co El L A P g 63... 1937 A-O
g
O g
91 3
122
108
137
See N Y G A E L H & P
EqG LN Y 1st con g 5s. .1932 M-S
Eq G A Fuel See P G A C Co
1st
90
1024Apr'01
1961
Gold34s
1951
Registered
1951
Memph Div 1st g 4s.. .1951
1951
Registered
St L Sou 1st gu g 4s. ...1931
1935
Ind Dec A
1st g 5s
1935
1st guar gold 5s
J
FA
PA
LA
May'9)
123
Long Island
M-N 1154.
M-N
J-D 1084.
106
.
1364 13G4Apr'01
A-O
106
100 4103
904 Apr'01
1909
1921
1044
Iowa Central 1st gold 5s. .1938
111
Jefferson RR See Erie
112
See L
Kal A A G R See TolSAA M S
an A Mich
OC
C A B & B 1st gu g 58.1929 A-O
JJ
M-N 122 123
A-O *1044
A-O 1374
M-N Ill
J-J
A Shaw
Chic St
N
Registered
. .
80 34 Sale
J'ne'01
Jan '00
1004 J'ly'01
.1
144
104
102
'99
*ii3%!
j
"974 Sale"
nu'i Jan
105
41074
'9-
-riv'oi
106
08
j
112
107
loTC.
.
1014'
Knoxvilie A Ohio See So Ry
Lake Erie A Wlstg5s..l937l.j
2d gold 5s
1941 .1
North Ohio 1st gu g 58.. 1945 A
L Sho A Mich S See N Y Cent
1124H24 Lehigh Val (Pa) coll g 5.. 1997 N
1124Apr'01
Registered 5s
1997
N
Leh Val N Y lst^gu g4 4s. 1940
J
1940
1184H94 Registered
118 4 Jan '01
J
Ter Ry 1st gu g 5s. 1941 A-O
12078 Apr'01
Leh V
120% 121
Registered
1941
116 Apr'01
O
116 118
Leh V Coal Co 1st gu g 5s. 1933
123 34 Mar'01
123% 124
Registered
L933
107 J'ly'01
107 107
1424J'ly'01
140 143 4 Leh A JJ X. 1st guar g 4s. 1945
"..'... .1 ft I"
1354May'01
Registered.
1354 135 4
98 198 9541014
E1C A N 1st g 1st pf 68.1914
97
191-1
93 4 May'99
GeW guar 5s
87 142 824 91
86
L6h A Hud R See Cent of N" J
Leh & Wilkesb See Cent of N J
94 'a
31
85
94% 964 Leroy A Cahcy"Yal See Mo P
924 Feb '98
1134May*01
1154H54
pr'Ol
\|>i
1963
Registered
85
110
10341094
31
Sale
lar'Oi
2d gold 5a
3d gold 4s
108 34lll
984Nov'00
Carl)
2
112 1124
150 34 1534
151 151
1524
Jan
1
"11141114
IIIJ3 J'ly'01
112 J'ne'01
1524
1
974101
984 874
974
Sal(
.
1134.
.19.-.1
Registered
Spring Div 1 st g 3 4s. .1951
Registered
1951
Western lanes 1st g 4s.. 1961
Registered
1951
BellevifcCar 1st 6s
L923
4 140
1014 1044
136 34 1404
l:ii;
ChGLACCo SeePGACCo
. .
Jan '00
1
MISCELLANEOUS BONDS— Continued
Gas and
103
101
ler'9-
101% 106%
gold 4s.... 1953
Registered
1953
Cairo Bridge gold 4s
1950
o.'i
Registered
Registered
W
.
LN ATex
Gold34s
1951 FA
Penn coll tr g 4s
BuffN Y A Erie 1st 7s.. 1916 J-D
gold 63
Buff A S
1908 J
W
87
"
106
107
.1
1
StLouisDiv gold
100G
1 996
1990
N
nek Val 1st Consol g 44s. 1999
Registered
Midland Div reg 5s
A
AN
.
101
111
105V
86 4 J'ly'01
1
874
78
77
83
81
„\
HoiiBt <fc Tex Cen See 80
Illinois Central 1st g 48. .1951
Beglstered
UI51
1st gold 84a
l'.i.'.l
Registered
1951
1st gold :is sterling
1961
Registered
1951
Coll Trust told 4s
1952
Reglsti red
952
A-O
A
Small
1908
Chic A Erie 1st gold 5s. 1982
Jeff RR 1st gu g 5s....al909
Long Dock consol g 6s. .1935
Coal A RR 1st cur gu 68.1922
Dgck A Imp 1st cur 6s. .1913
Y A Green L gu g 5s. 1946
Small
1946
MidRRofN J 1st g 6s. 1910
N Y Sus A 1st ref 6s. 1937
2d gold 44s
193
General gold 5s
1940
Terminal 1st gold 5s. IVic
Regis 55,000 each... 1943
Wiik A Ea 1 st gu g 5s. 1942
Erie A Pitts See Penn Co
Eureka Springs 1st g 6s. .1933
1st consol Gs... 1921
1st general gold 5s
194
Mt Vernon 1st gold 63.. 1923
Soil Co Branch 1st, g 5s. 1930
1024.
1
Ga See So Ry
ast Ten Ma
Elgin Jol A East 1st g 6s. 1941 M-N
B San See C (
Eliz Lex
Y
Elm Cort A N o See Leh
1947 M-N
Erie 1st ext gold 4s
1919 M-S
2d ext gold 5s
1928 M-S
3d ext gold 4 Has
1920 A-O
4th ext gold 5s
1928 J-D
6th ext gold 4s
1920 M-S
1st consol gold 7s
consol g fund 7s
19
1st
M-S
Erie 1st con g 4s prior.. 1996 J-J
.
102
<l
11 a- ii
Registered
EastofMinu SeeStPM&M
Registered
105 4 Sale
87
88
I
Louisville Div gold 3 4s. 95i
1916 J-J
Registered
100
73
Q-J
Dul Red
A S Istg5s...l928 J-J
Dul So Shore A Atl g 5s. .1937 J-J
1st consol gen lien g 4s.
4
'00
W
A
95
45
35
129 4 May'01
115
Improvement gold 6s. ..1028 J-D
Rio Gr So gu See Rio Gr So
Des Moi A Ft D See C R A I P
Minn See Ch A N
Des
Des Moi Uu By 1st g 5s. .1917 M-N
Det M <fe Tol See L S A M So
Det A Mack 1st lien g 4s. 1995 J-D
1995 J-D
Gold 4s
Dul A Iron Range 1st 5s.. 1937 A-O 1154.
Registered
1937 A-O
W
4s
ColA 11 V 1st ext g4e
iionst f. <fe \v Tex See so Pa<
138
1314 131%
!'•_» 1
MA
g3
w
115',
j.j)
1915 J-D
1
J-J
1928 F-A
1 923 M-N
1031
(;r lsl
I-
<*:
N
106
104
nr»4Mii'-M)i
:)
M-S
Alb A Sus 1st con gu 7s. 1006 A-O 1153a....
Registered
1906 A-O
1906 A-O i'iiV.'.'.'.
Guar gold Gs
Registered
JJJOli A-O
Reus A Saratoga 1st 7s.T9"Sl M-Kl 1524111!
1921 M-N
Registered
Del Riv RR Bridge See Pa BB
Denv A R Grist con g 48.1936 J-J 10141024
Consol gold 4*23
W & Kio
A-
191
Registered
1
l»21
1....
See
Han st Jo See C B A
v
onsatomo
M-N
Term & improve 4s
Syr Bins A N Y lst7s..-1906 A-O
Del A Hud 1st Pa Div 7s. 1017 M-S
2d 6s
Jan '01
99
102
99 4...
r-j
1""4
101
.
08V
J.J
1871.11101 A-O
1st consul guar 7s
1916 J- Ii
W
04
09
1
M K&T
Construction 6s
D Co Lstg4
.1
j-li
J -J
7s
K Y Lack &
1
1
Del Lack & Western 7s.. .11)07 M-S
Morris & Essex 1st 7s. ..1914 M-N
Registered
I
I
i
S A
VT a II A H of 1K«2 1st 68.1913 A <,
Ga<fe Ala By 1st pfg&a...
c
lsl consol 6a
J
ol945
(in Caa
1929 J
Georgia Pacific See So Ky
Gila V (; <t Ni.r See 80 P
llmiv ife Oswcgat ,See S V Cent
Grand Kap<fe Ind .See Penn Co
Gray's Pi Terni
1. s
(it Nor
C BAQcoll iris 1921
I
I
1084
108
100
land gr exl gold 5s..
Bt
/ <al liar
L93I
/.
A CI
oon 1st g5s.. 1928
L914
CC C A I consol 7s
1914
Consol sink fund 7s
General oonsol gold 0s. 1 934
Registered
L93
OInd A
lsl pf68...dl988
Pro A East 1st con 4s.. .1941
1990
Income 4s
con 1st g Bs.1933
Cl Lor &
Clcv & Marietta .see i.'unii Kit
Clev A Mahon Val g 5s. 1 988
1938
Registered
Clev & Pitts .See l'enn Co
Col Midland 1st g 3-43....1947
1947
1st gold 4s
Colorado A Sou 1st g 4s.:. 1929
Colmu A Grecnv Bee So By
Col A Hook Val See Hock Val
Col Conn A Term See N & \v
Conn A Pas Rivs 1st g 48.1943
A Gt So SeeC M & St P
Cin 8
High
108
pi
,1.
l
g48.. L990 il-N
1990
Beglstered
Siir.fc Cul Div lsl g4s.-1940
VaJ Div U1 g4»...1940
oonsol Gs.. L920
C I St L<S
fcl936
1st gold 4s
1
High No
I
ift
Cen
.1
t)i
i
i.'
la
19
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2
BONDH
.
140
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20, 1901.]
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mod.. /i 191/ M s
j,
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1910 J-D
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N V Cent
Mich
Erie
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23
91
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1037 A-O
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N S A (Ireenw Lake See l'.rie
\ \ A liar See N V C A II ml
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small eerts $100
I! con g 5s. .1931
N
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N II A- Derby con g 5s. .1 HI s M-N
N V A- N K 1st 7s
1905 J-J
1st (is
L905 J-J
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85
88
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1909 J-l)
gold 6a
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1st oonaol gold5a
Pacific
110
119
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1910 .ID
1934 M-N
119"
gold Is. i;i 19
go 5 iBC B a N
Lsl 5sstpd is mi gu L9S6 J-J
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si
MS
.
J-D
lOti M-N
iS
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gu e 7s. 1901 M-N
gu g 5a.. .1940 M-N
gu g58. 19 12 MS
sli a so 1st gu g 58.1943 .ID
Kan C A Pac lsl tr 4s. ..1990 K-A
Tebocfc Neosho 1st 7s... L90S J-D
in 12 A-O
Mo K A; E lsl gu g os
Missouri Pacific 3d 7s
1901 M-N
M
A Wa
22
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97
1st
1st consul gold 68.
Trust gold
1920 M-N
stamped. al917
a.-
gistered
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red
1.1st
I.erovA-
Mo
1920
FA
L92(
irf.s
.
.
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Registered
1929 J-J
Verdi v a \v 1st e 5s. 1920
Miss Hiv Bridge Se«Chio<feAlt
Mob A.- Blrm prior lien 5 5a 1945
Mortgage gold 4s
1945
Mob Jack A K (' 1st g 58.1946
Mob A; Ohio new gold 6s.. 1927
1st extension gold 0s../i 1027
193s
General gold 48
I
N Y
100%
S|\.
J'ly'Ol
N"ov'99
....
110
114
107
108
107
107 ^
10 103
LOO
100
Sale
100 May'01
107 J'ne'01
115 J'ne'01
116*3
117
116*3 J'ne'01
90-3
92*s
100
107
115
110
:
92*3 Sale
M
A
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24 114
114*3
1*22
84 ^
106
J-D
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121
121
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121 130
87"a 96%
01
96
110 116*4
101*3
100
Mich Cem
coll
115 hi 119
97*s
1998
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193C
1986
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132
112%
131
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72
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106
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7
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1st g 5s. 1030 J-D
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1037 A-o
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1901 J-J
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1940
ac of Missouri See Mo Pac
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05
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75
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107%
111
4
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114
117
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111
116
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1
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114%J*ne'01
114
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116%
109
07
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65 Nov'OO
&
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15
1
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63
price Friday; latest bid and asked this weok.
a Due Jan
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Due May
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J 'no
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1915
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1
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sale.
....
1
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105
112
100
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on
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1926
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J
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117
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I
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A
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113
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A-O
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07 4
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Oct '00
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102
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109
.
110%114%
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102
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.
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121
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95
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1
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1948 M-N
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1950 I'-A
Call
No
1101.,
ly'OJ
.:
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A-O
97%J'ly'O0
108%
J -J
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09
100
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4s.... 1090
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131
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110%MaV01
L30
133
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96%
loo
116
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58..
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110
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1
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97
111
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f 5s. .1920
gos
1918
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1921
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107
101!
107%
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1932
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97*3
97
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(it
1
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107 34.T')H'(I1
107"3J'ne'01
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109*3 May'01
104
104
105*4 May'01
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1
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o'_'047
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Apr'01
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1
g3%8....1998
1
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lio^J'iy'OO
M
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1903
1907
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1997
Debenture 5s of.. .1884-1904
Registered
1884-1904
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1890-1905
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1890-1905
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1905
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ext g Os.
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&
mprovem't
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90>4
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lit; *.2
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1928
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only
grl992
See n y c a- 11
Bee Long Island
See F.rie
Bee So Pac Co
1941
1931
93
New River IstgOs
1932
-N ABy 1st con g 48.1996
lour.
Registered
CC&Tlatgu g5s
L922
1
I
112*3
22 %
100
M-S
M-S
Nor As South lstg5s
Norf & West gen g Os
110
8 107 llo 'j
110*4
J'nc'Ol
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117
123*4 J'ly'01 « O'lliM-i
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106*9
107'j
1
127
11
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Wrefl8tg4s..jrl992
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\
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Ai
N V s
99*4 lOS^a
87*3 91
110*3 Sale
113*3116*3
123*8
106 34l07'
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I
99" ibo" N ^ a- But
96 106
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10
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1
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loo
106T8 Apr'01
90 Apr'01
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1
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100
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....103
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75
07
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of
98
a 191 7
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105 J'ly'01
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l
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103»2
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1471-jl 17'19
1
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112
1
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1934
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oa
1981
.
B i.
R<S
ex
i
i
Is
I
'"
-i
Peo
Peo
oola
:
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La
aii See
<v.
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P« k
.V:
NTov'97
tar'00
1986
..
112
t-
.l-J
Jan '01
117
Ma]
112
112
i"
61921
&
i-
i>
M
1334 Jan
O »1244
'Oil
!'
127
112
Sale
III
126
us
127
1
1
I
I
J
1
us
09
I
1
Nov'97
137
121
J-J
A-O
J'ne'99
98
99
J-J
J-J
113%118
i
92
Apr '01
101
101=i
J'ne'01
98*2 10334
'X)h 96 4
9-1
4
!..-,',
169
92
Ry
10is4 Sale
96
Consol and col trust 4s .1949
Utah Cent 1st gu g 4s.ol917
88% Sep '00
"1154....
105 Fell '01
Rio Gr June 1st gu g us.. .1939
1940
Rio gr So 1st gold 4s
83 4 82%JTy'01
92%J'ly'0l
1940 J-J
Guaranteed
105
8()i
92
2
'2
105
84
94i<i
Roch
<fe
-
StJo&Gr
M
StL&SFRR
NorthwDiv
1st g 4s.. 1930
1st g 5s.. 1947
Southw Div
Kansas Midlstg4s
112
May'01
4 J'ne'01
112',
11134 114*8
1144May'01
111 114*8
127*2 136*2
1364J'ne'01
1154 Sale 115
116
1024 Oct '00
A-O
16 112*2119
F-A
A-O
A-O
A-O
W
M
M-N
9734 Sale
0G 34
J-J
77
75
Sale
91*4 102
96
97
93
213
774 203
.
139
113 34
113
113
Sil
W Istgug 4s. .193s
Oca& G gu g 4s.. 1918
Val & N E See Nor & \X
Sp
Scioto
Seab«fc
Roa 1st 5s
Car Cent 1st con g
J-J
J-J
S2
llC'rtllC.'s
111!
115
122
J'ne'01
120
Apr '99
1
104
Jan '01
112
J'ne'00
8G
<fe
N Ala
Apr'01
.
99*2
92% Sale
26*2
91's J'ne'01
W
94
103 4 Sale
"874*88"
J-D
9S 34
lOCg
lO'J-'u
108
10.-<l2
120
120
.
lo7
See
L&
M-S
M-S
N
110
110
&W
&NY
Tebo&N -SeeMK&T
939
1 er A of St L 1 st g 4
J'ly'01
Sale
...
1
lit!
117K.
1093,
109
lyol
Apr'01
...
:'
120
98
Mar'Ol
.
1
I
86
t
113
ll'J'4
Apr "01
119^
-i
126
L28
126
244128
...
121
124*2
4
109
111*2
106
110
113
115
116
116
120V
116
116
111>2
Deo'00
83
110
J'ly'01
Oct '99
102
109
Jan
'99
115%
1153s
1
116
J'ne'01
91*2 Sep '00
120 58 J'ne'01
'.
121
116*2
2 124*8 129
126
J'ly'01
101*1 J'l'y'OO
,110
120
20
i>4
3
122*2 121
115
119
110*2
117
5
!
lll^Sale 111*2
il7*2
...
114- 4J'ne'o;
125*4
l-'4
119»4 121
117*2 l'-'0'4
...
.!
US
115
124
121
l'a
954
121
118*4
.
1
121
109
115
1
:;
:
117
1
. .
..
115
J'ly'00
116 Mar'Ol
116*2 May'01
115 Mar'Ol
A-O
1st con gold 5s
115*2
St
112 3
LM
N
1894-1944 F-A
Bge Ter gu g 5s 1 930 A-O
O See So Pac Cu
.
Texas & Pacific Ry—
E Div lstg 6s
190.",
4
104
M-S
2000 J-D
1st gold 5s
2d gold inc 5s
LaDivB L 1st g 5s
?20
1931 J-J
19:;:- J-J
1st g 5s... 1935 A-O
1935 J-D
General gold 5s
Kan<fe
1st gn g 4s. ...1990 A-O
Tol
Wist gold 48.. ..1917 J-J
Tol St L
pr lien g 3 ^s. 1925 J-J
1925 A-O
50-year gold 4s
Tor Hani Buff 1st g 4s.ft.1946 J -1
Ulster Del 1st con g 5s 1928 J-D
P&
110
03 34
RR
&
c&
U2*4
110
Aj.r'ol
.
Falls & Nor 1st g 68.1939 J-J
Stat Isl Ry 1st gu g 4*28.. 1943 J-D
Sunb
Lew -See l'enn
See D L
Svra Bins
Tex
106*2 10!l3 l
J'ne'01
llo
M-N 115%.
M-N *114%.
F-A
6s. .1914 J-J
Nov'00
110
.
I
&W
&
&
nPacRR&
Igrg4s..l947 J-J
1911 M-N
115*4
1164
115
115
104
104
118*2
gg
U5* 8 1204
111
113
J'ne'01
J'ly'01
1104111
113 1174
11 I
99
114
107
Sale
112*2
107
100
9()
88
92
90
84*2
100
97*2
100
103
130
99*4
94
92 4
86
90*2
84*2
85%
100
98
3
1064
1
10641 ||O 2
105
L07
Apr'01
129
110
111 L04
106 34 J'ne'01
104
..
1044 110*4 '319^ 103
110
102
115*4
113
103
92
1064
lOi^Sale 104 'a
IO734 Sale
100
90
9:1*4
91
90*2
8334
105*2
1917 J-J
Registered
lstlien convert 4s
.
Feb'01
118*2
118*7
M
102^4
110
102'j
1234
1174
L02U 1054
126% 130
1284
1174
1
1174 J'ne'01
116
113
121
115
106
117
113
Jan '01
106
'.17
106%
Mar'Ol
106
119
113
99*-2
109
O.-)-^
90*8
92H
85 Nov'99
111 J'ne'01
108
103^
99 S J'ne'00
87 38
87*2
>:,7
83
101 5-4
95*2
11 8*4 Pale
112
114
984100
62*2 Sale
1174
113
98
118k
1134
6 108
J'ly'01
.
120
98*2
119
111
7o
111
119
95
31
119
3j
9'.i
J'ly'01
Mar'Ol
40
(21943 Noi
West No Car -See South Ry
West shore See N Y Cent
11 34 Mar'Ol
WVs-CentJfc P Istg6s..l911 J-J
Wheel's & L E 1st g 5s.. 926 A-O
H54J'ly'0]
Wheel Div 1st gold 58..1928 J-J 109%
113 May'01
Exten&Imp gold 5s.. .1930 F-A 11 4
112 J'ne'01
93'-.
1949 M-S
1st consul 4s
93 4 Sale
924
-
122
100 4
40
M
W
88
Sale
854
S3
112
11341134
114 1174
1
Wilkes <fc East .See Erie
Wil & Sioux F See StP
<fe M
83*4 89*2 Winona & St P Bee C A N
Wis Cent 50-vr 1st cen 4s. 1 949 J-J
103*4
L024
40
110
95
110
58*4
65
llo 34 J'ne'01
98k May'01
110 J'ne'01
lll*4ll': 4
r,
112
89
45
1
96
38 100
12034
111
19 117
W
Income 5s
99
...
2
Spok
(
.
1
:i
W
Jan '00
123 Dec'99
34 Feb '01
94
106 2Feb'01
87 Jan '01
1
1
'_>
1
117'.i.
M-N
NJKE&OCn
4s. ..194'.'
fcl929
S
-li
1920
1931
1936
1936
4s.. 192
Ore Ry & Nav con g 48.1946 J-D
Ore Short Line lstg 6s.. 1922 F-A
132 140
1st consol g 5s
1946 -l-J
Non-cuminc A 5s
/il94<! Sep
121 122
1908 J-J
Utah & Nor 1st 7s
Gold 5s
1926 J-J
See Pa RR
TJni
Utah Central See Rio G-r Wea
Utah & North .See Un Pacific
Utica & Black R See N Y Cent
104 104
See Mo P
Ver Val Ind A See South Ry
irginia Mid
1st gold 5s
1939 M-N
Wabash
2d gold 5a
1939 F-A
1939 J-J
Debenture series A
3
94
94 4
SeriesB
li
1 01 1*2 109 34
Det& Ch Ext 1st g 5s. .1941 J-J
87
87
Des Moin Div 1st g 4s. .1939 J -0
91*4 91 5s
St Chas Bridge 1st g 6s. 19081 A-O
Wash Sent Sec. Nor Pac
Wash O A
-See Southern
WestNYA Pa 1st g 5s.. 1 937 J-J
1943 A-o
Gen gold 3-4s
W
Registered
i
OreRv&Navlstsl'gOs 1909 J-J
Apr'00
May'01
Apr'97
128
140
10434 Feb '98
Shr & So SeeMK&T
Sp Oca & G See Sav F &
Sod Bay & So 1st g 5s
1924 J-J
So Car & Ga -S'ee Southern
Southern Pacific Co
2-5 year cull tr g44s
1905 J-D
Gold 4s (Cen t Pac coll) AT 949 J-D
Registered
fcl949 J-D
A & N 1st gu g5s....l9 11 J-J
Cent Pac 1st ret' gu g 4s 1949 F-A
Registered
1949 F-A
Mort guar gold 34s. .AT929 J-D
Sil
120*2
107*8
103
106 106
106*2110
106*2 J'ne'01
1926
Slier
116*2
HO'eApr'Ol
1
*
142
110 34 J'ne'01
105 4 J'ne'01
106 May'01
St John's Div lstg 4s.. .1934 J-J
Ala Mid 1st gu gold 5s. .1928 M-N
Bruns<fe
11
4-68.1923 M-s
Tol&OClstg5s
13734 F'li '99
1264.
A-O
1934 A-O
1st gold 6s.. ..1934
1st sold 5s
95*4 101*2
82*4
71
118*2 1187e
11878 Fob'01
189 J'ly'01
115%.
M
&W
I
1
Western Div
4
J-J *13S
J-J
J-J 114
J-J
1910 M-N *116*4.
Dakota extgold6s
Mont ext 1st gold 4s
1987 J-D
1937 J-D
Registered
E Minn 1st div 1st g 5s.. 1908 A-O 1074.
Registered
1908 A-O
Nor Div 1st gold 4s
1948 A-O
Registered
1948 A-O
Minn Union 1st g 63
1922
MontC Istgug 6s
1937
138
Registered
1937
1st guar gold 5s
1937
120
Registered
1937
Will <fe S F 1st gold 58..19S8 J-D 122
Registered
1938 J-D
St P & Nor Pac See Nor Pac
<feO
St P & S'x City See C St P
SFe Preset Ph 1st g 5s... 1942 M-S
S A & A P See So Pac Co
a F A N P 1st sink f g 53.1919 J-J
Sav F
100
10234
J-D
A-O
...
107*2
9 ,
llOLjll fg
H'-'v 111*2
: 7,
...
...
113
113
06
87
Ill
1st g5s....l919
Mid serD
Eos
F 5s
*2.s
100 May'01
100 Apr'01
102 34 J'ne'01
100 J'ne'00
99
100
100
J-J
1937 J-D
St Louis So .See Illinois Cent
1st g 4s bd ctfs.1989
St L S
2d g 4s inc bond ctfs...jpl98i.'
Gray's PtTPr Istgug 5s 1941
St Paul & Dul See Nor Pacific
& Man 2d 6s. ..1909
St Paul
1933
1st cousol gold 6s
Registered
193c
gold 4*23.-1933
Reduced to
Registered
1933
& Ga
Virginia
1st
11 4
.
119
Wh
1905 A-o
1905 \ O
1
General 5s
J-J
J-J
llo 113'a
l!0'2l1l'-a
wov, 96
136 1371a
125 125
li;
Jan 01
2
D.1B0
&
89 »2 98
J'ne'01
112
II
10'
•
."W
Guar
WO&W stamped g
cy.
West N C 1st con
114
114
114
132
loo
105
•
MS
Series
Series
M-N
M-N
M-N
...
loT'i
1<>7'4
...
J'ne'01
h'01
17
LtMJ.J
ETVa&Ga
M
P
St L & Iron Mount See
St L Iv C & N See Wabash
St L
Br See TKRAofStL
St L & S Fran 2d g 6s CI A. 1906
2d gold 6s Class B
190€
2d gold 6s Class C
1906
1931
General gold 6s
1931
General gold 5s
198"
1st trust gold 5s
Pierce C & O 1st g 6s. ..1919
gold 4s.. 1991
Cent Div 1st gold 4s.. 1929
con guar g
So Car
97
32
Law &
1"
J'ne'01
1
113
.1912 A-o
1912 A-o
1937 M-N
190519;:
Stamped
SPac.ofNMcx 1st g 68.. 191 J-.I
S 1' Coast 1st gng48....1937 J-J
Tex A N
1905 I'-A
LSI 7s
' Div 1st g 6s.. ..1912
Con gold 5s
1943 J-J
Southern— 1st con g 5s
1994
J
itered
1994 J-J
Mem Div 1st, g 1
16 J-J
Registered
1996 j-j
Ala Cen R 1st g6s
1918 J-J
Atlcfc Danvlst g48
19481 JAtlcfc Ya<llst g guar 48.1949 A-o
Col&Greenv is: 6e
1918 J-.,*
Div g 58.. 1830 J-J
19i
Con 1st gold 5s
E Ten reor lien g 5s
1938 M-S
1938 m-s
Registered
Ga Pac Ry 1 st g 6s
922 J-J
Knox Ohio lsl g 6s.. .1925 J-J
Rich<fe Dan con g 6s
1916 J-.I
Equip sink fund g 5s.. 1909 M-S
Deb 5s stamped
19271 A-O
Rich A Meek 1st e 4s.. .19
J-J
Isl Istg3-4s..l94~ J-J
Adiron 1st g 53.1996 J-J
2d gold 6a
1996 A-o
St L & Cairo See Mob & Ohio
St
L»
I
:
1214
4 99
92
92
4 Sale
:,
1104
1
*
.1
IOOHj
99
98
99
121 4 Mar'Ol
18*3
95
So Low High
10
19:
&
C
L0*2
1
g 4s. 19431 J-
a
1
A-O
A-o
1
L00%May'01
'''.I
1
J-J *110'2
1
173.i.i
1
i/nri/ I
...
J'ne'01
j'ne'01
L06»s
guarg6s.l927 J-J
1st
i
s Pol (:.l Lsl i' is
1st g 68 series B
1st
:
90
A- Meek
-See Southern
RioGr West 1st g 4s
1939
& Pitts -See 15 R <& P
Rome Wat & Og -See N Y Cent
Tus
H See Pere
Sag Lake G 1st g s t 6s.Marq
.1913
alt
A
i,
lst^
4.-0
J-J
g6s
SoPofArgu Istg0scl909
4
107 4 Oct '98
1st
See South
J)an
'.li
1st g(!s series
cun 68.1927 M-N
1997 J -.J
Reading Co you g 4s
1997 J-J
Registered
Rensselaer A Bar See D & 11
ifc
8A A
I
~>
Ash
OreACal
127
I
isi
m-n
M-N
1918 A-'L920 .l-J
1912 A-o
I'.toT J-J
1st 7>
niti ed gold 5s
133 '.i 133 4
'oi
1(11
tl
w*
A
1921
..
NY?* Mex
NooiCal
A
g 6s
Hi un
137
nit ^'iiar. ..1912
Morgan's La<& T
"fl
1
Nasi
<t
Pitts Ft
Ch Bee Penn c<
1922
Pitta Juno 1st gold 6a
Pitta* I. Brie 2d g 5s...al928
Y SeeN Cen
Pitts MoKees <fc
Pitta 1' A F 1st gold 6a. ..1916
li K 1st g 68—1940
Pitts Sli
1943
1st consul gold 6a
Pitts a, West 1st g4a
1917
J r
Co certfa
Rich
Rich
id
105
;
old 6s
I
<t
JIn/li
.hi
...
i .,,
.
di-
1
ll?
19
1st run sol gold 6a
M -N
i'i iiiir.ui Div Lstg 5s. 1939 A-O
8agTus<ft H Lstgug 48.1931 K-A
a 88... L932 J-D
Pine
Pitta cm A si i- See Penn C(
PlttsClevA Tol lei g 6s.. 1922 8.-0
MA
Since
.
...
a wn
i
'"7e
'
i
!
II
>
MS
n 1st g (is.... 1921
i
PereMarq
Y
tVeeKl
Ran
1
N
.'
A 'rci
II
Si
3d gold L4a
I'ltts
[Vol. LXXiir.
3
14a r.ui l-J
u'
•'
en4a 1944
r. u
4
g 68. .191
1st
'A
I
i
113
MN
i:
Gr
Hun A Lew
Gila Y<.
nous k
Allc-.' \
1
.
"1
JOl '.III
1>
M-N
M-S
1
Eironra Jt vt 19
Southern Pac Co
Gal Hack S A
2d gold 7
S
1941
..19 I-
CUT]
Registered
Consul gold Is
cl
High
mi;
Muj
M-N
sterling ^
'(.Usui
i
I.
J
J
1
EXCHANi
N. Y. BTO( K
Bamgi or
Jul,/ j'j
3*
19
I.Y
Range
"c^.
rflc'e
li
Friday
RRlstri
Ppiiii
— Concluded— Page
Bond Record
5
.
134
85*4
112
94
924
MISCELLANEOUS BONDS— Concluded.
Manufacturing
& Industrial
Miscellaneous
Am Hide* L 1st sf g 6s. .1919 M-S
Am Spirits Mfg 1st gOs.. 1915 M-S
Am Thread 1st col tr 4s... 1919 J-J
Bar & S Car Co lstg 6s. ..1942
Gramercy Sug 1st gold 6s. 1 923
111 Steel Co deb 5s
1910
Non-conv deben 5s
1913
Int. Paper Co 1st con g 6s. 1918
Knic Ice (Chic) 1st g 5s.. 1928
Nat Starch Mfg Co 1st g 6s 1920
Skg fund deb 5s
1925
Stan Rope A T 1st g 6s. ..1946
94
7b4 ~80"
105
+
99
J-J
J-J
Leath Co sf deb g0s.-1913 M-N
90*4
1
784 85
*
60
a
63
11
96
60
....
99
100
J'ne'01
62
113
"
'
.......
01*4
75
A-O
884
72
111
J-J
34
90
72
Mar'Ol
13
4
30*4 J'ly'01
84*4 91*4
63
111 111
29 4 35 4
J-.I
Co 1st a I - BS....1931 M-S
100 1004 lloboken L& I told 58.. .1910
J-J
12 105 111
Mad Sq Garden 1st g 5s.. 91 9 M-N
Man Boh 11 ifc L gen g 4s.. 19 10 M-N
6 107 110
Newport News Shipbuilding*
92
96
J-J
Dry Dock 5a
464 '72 4
N Y tfc out Land 1st g 6s.. 1910 F-A
6
12
113 115
St L TerCupplesStat'n<£- Prop
J-D
Co 1st g 44s 5-20 year.
S Yuba Wat Co con « 6s.. 192:: J-J
Sp Val Wat Works 1st 6s. 1900 M-S
16 104 109
15
Miscellaneous
col tr g4s
1948 M-S
104% 105
Vermont Mar 1st
AmDk&Imp5s -See Cent N J
No price Friday; latest bid and asked, a Due Jan b Due Feb d Due Apr g Due J'ne 7iDue J'ly
Adams Ex
g 5s 1948 F-A
1st 6a tr ctfs..
col g 5s. 191
Id gr34s SA.191
Hack Wat Reor lsl g 5S..
Hi-nil
94 J'ly'01
113
W&WH
ChicJcifc St Yard
Bkln
DetM&M
Jan '00
99% Apr'01
A-O
1004J'ne'01
F-A 111 Sale 111.
Ill
A-O
98
93 Ang'00
M-N 1084 no 1084 11I8'-.
F-A
964 Bkln Ferry Co 1st con
3
99
*
V8
95
79
*
J-J
A-O
95
79
113
Nov'99
90
Oct '99
1
<
3 f 5s.
fc
101 Feb '97
1134 J'ly'00
..1910
Due Aug n Due Sep p Due Nov
q
Due Dec
s
Option sale
July
THE CHRONICLE.
20, 1901.]
», .oi in. -
«.ii,
Volume
129
Indual
Bid
Exchanges
of Business at Stock
himI
1.1I
1
>i
.<,!$
7o
NEw
TRANSACTION'S AT THE
DAI
WEEK i.\
l.v.
70 BK
a xii
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B
1""
IS
a LU/I
103
btl
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Bh
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1901
Bailroad
4J
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Bonds
1'ar value
res
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A
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4,800
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102,31
silay
1011,
day
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:;
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I
071.000
0,000
I
26,300
-,
(
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January
July VJ
..r
6s 104 1
stock.,
$18,228,038,275 $6,7
Bank shares,
I!'
\\
I
J
bonds
$18,500]
Kl: ami una. bonds
18,697,380
in
$1,306,270
$11-^.(10(1
10.0110
27.800
in.
$5,210,710
9,400
100
672,1.
6,321
i.602.500
$13,72!
98
$304,290,410
a So Amer... LOO
10
1
105
1
PotoTeleph.,100
ooo 20
J -i
Omni,,, r l'n Tel (N
119
75
& Bay Stat
Teles A Telep Bee B oston
loo
45
100 lis
& stock
Wending
Julu 19
1901
Mated
Shares
Monday
24,908
21, 618
34,642
11,366
14,127
f '/1 1
$42,800
4,001
8/iTT
8.763
7,316
i
See
Sei
N VA N
6a 1920
.1
Telephone 100
M-N 112
25
,fc Atlantic
Providenoe Telephone. 50
Southern & Atlantic. 25
Tel Tel & Cable of Am. 15
193,100
L.700
$1,149,000
Electric
I
1
-
h emii
1
•
'
'
,
100
1]
Gorham M g
Pn terred
'
1
124
coi
!o
120
100
[1.100
Preferred
list
121
1
78
96
100
4
'.ill-,;,
'
71
I
.North western Teleg. ..50
al
-
General
120
26
lis
116
Bosto n list
Boato II list
122
17o
175
ion BlverTeleph 100
-national Ocean. 100
Pacific
220
46,524
159,444
in,
ran Telephone
7,1 10
27,203
82,912
245,600
I
.
LOO
si, el
6(1
16
10
1005
'•..*,
\ew Eng Telephone
10,327
17,177
25,690
22,158
25,000
11,600
66,766
149,243
Total
$36,000
31,500
108,000
Bond
isted
sltares
Listed
shares
sales
9,604
12,361
6,412
16,147
day
ednesday.
Bond
Villi sled
•1
..100
SI
1915
40
84
1
.
Philadelphia
Boston
rred
ti
Empire
-,
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
A\
Pn
101
1st 6s
AY Telephone
\inei Dial T< leg(N 1
lt< Hi
ii
|,i, ,,i B
42
Eli ct
Empire
Centra]
$670,581,670
I
100
02
.
a
Total bonds....
ii-
1
10
TelegT
IS
limn
i
l-.leel
mo
6a
$120
$1,000
93,000
par..
5s 1946
sti in Oas (Mllv.
'1st
187,299.850
1,475,077
96
.4
..MS
1901
1900
1901
t
loo
Stock
JireA
60
46
96
i
July 10
1 to
27
loo
J-D
III
5,19
i
109V
•\
I)
I
....
148
i.
1,168
.
102
|10]
\
I
15
M
1st 6s L922.
id rring Hall MarvinlOO
100
1st preferred
100
2d p
International
Internal
1
45
LO
110
I
1
nternat']
Pump
Hal
Si
ot, rnat'l sii\ er
.
v
-
6a 101s
Trim Steamboat
John
6
80
kin Land<& ImplOO
in,
5s 1910
M-N
1
110
100
-j
1, 1,
1
85
.
•15
....
is
j
94
1
2>a
t
com.. D"
100
Monotype
20
Stel
-^'.11
1
Preferred
Companies
..11
105
Allegheny Co Lig'tColOO
170
12
M orl
Lawyera
1.1 7e
insui
loo
Eleotrlo Mfg cu. 25 t
.a v. >< rs' sin-. Cy
Ins.. .ion
on Kl IllCbN V N I Stock
l.iiu v ei>' Til
Stuck Kxeh
on FlIllCoBrk N
11
on ore Milling
8
Madison Si| larden.. LOO
1
1,
Outside Securities
For Weekly Beview
Street Railways
NEW YORK CITY
Blccck St A Fill F Btk 100
1-J
1st molt 43 1950
B'wav Ji 7th Ave stk. 100
of Outside
Market See 7th
J'aye Preceding.
(
ro-Pneum'ioTranlO
M-N
1\
2d 6s 1919
4
General Klectric Co N v Stock Kxeh Markeen Copper
LO
in prel See Boston Hal
Mex Nat Conatruc.pflOO
Hartford (ct)Elec L1 100 175
Monongahi la R oal..5l
93
Pl-el, IT, d
ragan(Prov)EH
i
60
Xi w Ynrk& Queen
galli la Water.
loo
Light* Power Co.. 100
20
22
afe Co
loo
Preferred
100
68
74
National Carbon
iihoisi Elec ProteoColOO 1 19
loo
Preferred
Storey General Elec 10
16
Nat Enam'g& stamp loo
mted Electric of NJ100
4 7 '.
loo
Pn ferred
70
Is 1029
on
72
Nat'l Gramophone
L'nit FlecLt «fc PoCo..5o Bee Ba It lisl National Sail SeeNY Stk
.National Surety
LOO
Ferry Companies
20
New Central Coal
Brooklyn Ferry stocklOO
20
22
N E Elec \'i h a Trans 10
Auto Truck
lat 6s 19 11.
113
100
N A"
Con 5s 194s Bee Stock Exch list
N Y Loan & Imp ...100
ins
11(1
Metropolitan Ferry 5s
X A' Biacuit (is 1044.
Y A K B Ferry stk. 100 60
N
71
ElVTt ($20
1st 5s 1922
M-N 5 96
07
Bealty Corp....
SI
N Y A- Hoboken slk. 100 82
Nicholson FUe Co.. ..100
Hob Fy 1st 6s 1946 M-N 5113
I""
L5
Ontario silver
Con 5s 1946
1-D
90
92
,h \ ator com
LOO
.New fork & New Jersey
100
Preferred
1st 58 1946
|()7
J-.'l
50
Pittsburg p.rcw Lng
loth A- 23d Sts Kerry 100
Preferred
80
1st uiort 5s 1919. ..J-D 5105
L08
100
Pittsburg Coal
Union Ferry stock. ..100
40
38
Prel, rred
LOO
1st 5s 1920
M-N 96V, 97 Pitts Plate Glass
LOO
18
t
I
Street Hallways
Ask
Lid
Ask
Bid
By B-te Phila
l'.io
Paterson.,100
104*2
4sgNovl 1949.. .M-N
2 1
4 2';
249
Lake St (Chic) Kl stk. 100
1st liiort 5s 1904... J-D 101 Hi 102
J-J 1 12
Deo 5s 1928
110
iiurt 5s 1914
J-J 108
LonisvStBy5a L930J&J 5118
LynnABos 1st 6s'24.J-D 53 i:' Con 5s 194:; Bee Stock K.xch list
MinneapSt By 5a See Stk Excb
B'waySurflatSsgu 1924 U14 Lie
105
4104
2d 5s int as rental 1905
New Orleans City By 100 25
Preferred
100 102
Ceut'l Crosstown stk. 100 255
6s 1922
M-H 5126 180 North Chic Str stock. 100 195
1st
1st 5a 1906-16
J-J
CcnPkN &FKivstklOO 208 220
J-D 104 106
North Jersey St stocklOO
Consol 7s 1902
23 1a
M-N SI
Chrisfr<fc 10th St stk 100 175
4S1948
list
Pat ltyconOs 1931. ..I-J> 4126
Colcfc 9th Ave 5s Bee Stock
2d 6s 1914
4103
\
Dry l)EB& Bat stk 100 120 125
118
1st gold 5s 1932... .1-1
115
Rochester By (new). 100
25
103
Preferred
loo
Serin 6s 1914
BVA 101
110
Con 58 1930
Eighth Avenue stock 100 400
A-O 110
06'..
109
F-A 105
2d 5s 1933
J-D
Si rip 6s 1914
42d& Gr St Ferry slk 100 390 100 So Side El (Chic) stk. 100 110
70
Syracuse Bap Tr 5s 1946 100
42d St
St
Ave 100 65
lstmort 6s 1910. ..M-S 112 "a 114
Union Trac(Chic)comlOO
99
101
2d Income Os 19 15. .J-J
Preferred
100
26
Unit Rya(8tL Trans) 100
Lex At <fc l'av !' 6s See si k Kxc list
loo
70
Ninth Avenue stock. 100 198 205
Preferred
i-.i
212 2 1
ti( cond Avenue stocklOO
Gen 4a 1934
109
Unit Tr & Flee (Prov)lOO 109
lstmort Os 1909..M-N 5107
F-A 8118 119
West Chicago St
Consol5s 1948
100
Sixth Avenue stock. .100 215 217
Cong 5s 1930
M-N 5101
Sou Boulev os 1945. .J-J 5111 115
Gas Securities
it 1st 5s 1919. ..A-O 5108
no
NEW YORK
Third Avenue Bee Stock Kxcli list
108
Cent Union Gas 1st 5s... 5109
Tarry "W
5a L928 105
x"kersStBB6sl946A-0 104 107
Con Gas (N Y) stock N V stuck
Stk K
28th & 29th sis 1st 5a '96 110 112
Fquit Gaa con 5a 1932 Si
Twenty-Third St stk. loo 400 410
Mutual Gas
100 305
103
106
Deb 5s 1906
J-.I
New Amsterdam Gas
r niou By 1st 5s 1942 F-A 115 117
1st consul 5s 1948. .J-J 108
We.stchcst 1st 5s 1943 J-J 110
113
NT Flee Ft IleatcvT'ow r
Gold 5s See N Y Stock Exch
BROOKLYN
N Y A- East Kivcr Gas—
Atlan Ave 5s 1909. .A-O 5107 109
1st 5s 1944
J-J 5113
Con 5s g 1931
A-O 113'-j 115
Consol 5s 1945
J-.I
108
lni]it 6a Bee stock Exc h list
Nor Unlst 5s 1927. M-N 108
5s 1933. .A-O 1 03 "a 105
loo 130
B B <fc
Standard Gas Com
.lyn City stock.. .10 241
245
loo 160
Preferred
Con 5s See Stock K.xch list
1st 5s 1930
M-N 116
Bkln rosstn os 1 90S. J-.I 105 108
OTHEU CITIES
Bkn HgtslstSs 1941 A-o 104 100
Bkln QCo<6 sub See Stk Kxeh list
Baltimore Consolidat Set Bait
Bkivn Hap Tran See Stk K.xch list
Hay Stale (las
50
h
Coney Island A; BklynlOO 325 330
28
Binghamton Gas
100
1st 5s 1903
J
102
103
5s 1938
A-O
6scrtfaindbt 1903. .J-J 101
Boa to
Boston t nlted
BrkC& N 5s 1939. J-J 114': 117 Buffalo City Gas stocklOO
6
Gr Stdl New 1st 5s '06 F-A 104
1st 5s bonds
Gr'pt &Lortmer st 1st 6a 106
109
Chicago Gaa Bee N Ysik
Indianapolis st
36
32
101
J
C Hob
l'.sl
a.
I
13
1
120
1
M
NY &B
26
82*3
130
106
29
81
.4
.1
I
102
19
eo
27
79 h
90
110
103
1029
x list
316
108 "a
list
&
OlOi
15
tk
1-D
Kt Worth
Rio
Pitts Bess&
Gran. 100
50
Preferred
50
•seaboard Air Lino See E
LE
Fx
95
f
t
84 hi
72
6
107
92
Buffalo Street By—
let oonaol 5a 1931..
?117
Deb 6s 1917
A.O 5106
Chicago City BE stk. loo 205
Cleveland City Ry
loo 100
e City 1st 5a 1909. J-J
Cleveland Flcctr By.100
80
Con 5s 1918
105 '-j
Coluniljus (O) SfRy.,100
42
Preferred
loo 100
Colmn By con 5s See Ph ila list
Crosat'wn lst5s'33.J-D 5 1 1 2
FA
Am Agric Chem .Sec B oston
Amer Hank Note Co. ..50 5-1
Am Bicycle SeeNYStk K x e
Ms
'
1
'•_•
Grand Rapids By....l00
Preferred
I
5
loo
Buyer pays accrued
28
81^
8'.!
1
Preferred
3
4
81
11
200
102
'•_
in.;'..
list
7lg
78
list
lo7'-j
106
1st 5s
18
Exch
50
F-A
55
105
Singer Mfg Co
Standard MiUiB
Preferred
75
1
«a
1
111
Prioe per share.
103
Ga
M-N
(is
Woolen
1
25',
LO
24
74
80
80
F-A
stock.. loo
See Stock
60
0.,' 4
173
so
90
07'I
98
60
150
141
260
6
17"a
70
Km
78
Exch
See steel,
lisl
Preferred
Stulw-Bi( ia sm VpJ 1O0
Storage ..\\ er
Swifl & Co
i-J
5a 1010-1014
list
1
1
'
1
8C
ia
11
l
4
10
Title
To
list
loo
men
Pn
99
8
6
8
12
185
10;,
101
60
list
127
360
386
Columbia Cop]
Co
100
Os
102
tl
85
20
"
\n
•
I02>i
19
..25
Coal. 100
i
1908
I
1
10
67
loo
o|i|i< r
St, el
-1
45
9
Director;
:i
I
70
Guar A Trust..
Union
97
Itic
nton
Preferred
Trow
B6
Pa,
1st 6a
37
Exch
a
120
-
Time
82
126
145
Oelliiluid
Si's
94».i
471
(
9',
Kxeh
44
Standard Coupler oomlOO
'•_.
100
-6'j
i
-l\
list"
2
10',
9
96
100
Standard Oil of N J..
Stand iiiieiL.u ah
Sloaa-Sheffii Id
Writing Paper.100
I erred
loo
5s 1916
l-.i
Anthracite Coal
loo
Barney <fi sm <-.n
100
Preferred
ion
miss Company com
50
erred
5n
Bond .t Mort Guar... loo
Hrn'ii
46
12>4
34
,
5s
:
102
115
S
1
1
—
3-3
',
list
25
list
Safely ar Ileal A Kt 100
Simmons Hardw com 100
Km
Preferred
loo
35',
2d preferred
Bet
r
1
\ni<
Hartford (Ot) Gas L
Hudson Co Gas
100
1949
Indiana Nat <fc
1st 6s 1008
Slock Exch list
Locomotive See Stk
11. loo
American Screw
loo
Shipbuilding... too
I'lel.
leu
100
b
oun 00 '.. 100
rred
loo
2,1 preferred
100
x on
lean Surety
50
Amer Straw board
100
lis
Vim
Am Typefo'ra
60
1915
•erred
lu
Aiuei-Hideifc Leather loo
erred
400
1
Grand Rapids Gas
113'-.
3
82
Essex it
Fort Wayne (ind)
Amer Graphophonc.lo
Bonds
S
100
1
80
M-N 5103
N
Hudson Ga
Co.. 100
Preferred
I
City)—
1st 6s i'
81
107
45
102
interest.
(J
400
American Chicle
list
50
1st 6a 1904
Detroit City oas
Detroit Gin Sea
-1
1
Rubber Goods M fg
Russell & Erwin
t
American Can com. ..100
5s
Coneum Gaa
11
1
12
1
Royal Bak Powdpref.lOO
.
117
.1
Preferred
Bonds
1
Planters' lompi si
Pratt .^ Whitn pref.,100
Preen
tile.. ..100
I'll lei led
alt list
Industrial mid .\Iiscel
Aberdeen Copper
25 t 24 'i
Acker Mer & Condil ..6s 100
Aiualg Copper See Steel. Exch
115
112
110
132
165
'•
OTHER CITIES
3 '4
2>4
,
85
Ms
<
Itailroad
Pen A; St Lpref.100
4
Prior lien g4 138 30M&S 5105
Con intgg5sl930.J&J
Income 5sl930
Denv <fe So Stocks *('<. S
(o.
lot
7
-
.1
.1
15
I
1
'
1
3
1
!
I
-
29
1
I
NY
ny
••.
Elevated—
CincinnatiGasd
1st 4s 1949 Bee Stock K.xch list
Rfl Lift Heat com loo
Nassau Flee prel
loo
mo
82
85
Preferred
5s 1044
A-O 113':j 1HH.
lat 5s 1032
1st 4a 1951
97
J-J
Conaol Gas IXJi so.
96>a
NewWb'gA Fl 1st ex 4Vs 106 108
J-J
6s L986
Bteinway 1st 6s 1922. J -J 5119 120
Gas (Pitts)
60
17
1
27
103
P&M
-
...
'•
>•..
WE
i
i
'.
M& N
1
1
1
Kings
20
'i
i
s\
A
t
liii
:
6
5 1*
8
'
"
.
.
THE CHRONICLE.
Baltimore Stock Exchanges — A
130
Boston, Philadelphia and
share Prl«e» Not Per Centum
Monday,
July 15.
Saturday,
July 13.
355
867
184
•67
184
•840
•193
19S
••••••
•165
•180
66
84
14»<% 146
•64
•
68
256
188
•840
«94% 194.4
195
is"' isi"
•8"«
5«
144
8S%
89
t>8
40
98
88
.'6
144
8594 86
146
8.-%
uu
88
88
858
185
249
19)
54%
se%
3V%
86
mt
98
•858
•184
849
July
...
66
55
65
Wednesday Thursday,
Tuesday,
July 16.
194
195
111'".,
iVo'
•180
184
189
•840
194
88
Price*.
July
17.
254
% 89%
93
•88
8 %
93
Week.
194*
194
194
19 % 19314 194" 196% 195
166
156
167
157
168
•180
•180
•181
*8-% '76
•68
68
69
•55
86
:f% 65
53)4
'143
•
144
14344 143%
"34% 36
•»
36
85%
89
89
3'% S-% 8
94
94)4 •98
98% 94
•24)4 21%
24%
19 H
87% 87%
24% 86 1-10
27
87%
46% 47*
98% 98V
88% »*%
88 %
•
97
ie% 16%
9f%
lt
m% 114
wh a«%
87% 89
%
24% Mexican
• • •
•
113
1U%
113
87
31
88
89
87
88
134
13%
Central
120*,
.63)4 155
l« r % 13 %
154
15B
138
181
156
796'
•780
779
775
778
780
'-3%
•65
....
120%
28%
785
3P%
39?4
23%
6F% 8f%
i7% f9
49
49
47
70
70
5
6
5
6
•83% SI
'%
183
4%
•lf%
"%
45
68
•8% •«J5
80
7»%
Bid MLdlukedprtce'
INACTIVE STOCK S
114
•
Central Mrii...
"
Pref
COPnAPaiium
Oonn
"
RlTer....
"
"
11%
7»%
155
170
100 898
100 Mill
100
tee
100 160
100 875
• »
"
100
"
100
Id pref
»'nnant'nPaii(Phil) 50
60
80
100
"
Inda Street
Ft 8 AM..(Bost)100
"
100
Pref
Little eohuylk.(FhU) 80
Maine Central. (Boat) 100
Mlnehill A 8 H.; Phil) 50
50
Ueaquehon'g V. "
50
Worth Penn.... "
Pere Marqu'te.(Boit)100
"
100
Pref
Phil Germ A N.(Phll) 50
50
Phlla. Traotlon
...
Ryi Co General! "
"
100
United N J
85
UnPowATrani "
Weit Bnd pref.(Boit) 50
Weat Jer A 8 S.(Phll) 50
50
WeitNYAPa. "
Wli Cent, new. (Boat) 100
"
100
Pref
WorNaahAB. " 100
KG
>••••
•
••*•
•
•••
•••••»
78
6
91%
92
80%
31
5
81
93
•132
30%
6%
f%
5
10% 11%
tH
8%
13
99
12
134
116
118
lie
11
11
• ••4)1
31
5%
lie
48
68
79%
Bid.
1
2% ••••
381
"
"
"
Pref
0%
....
10
4
5
West End St 5i.
88
Deb 4s
17%
4%
5
%
%
850
»%
7
22
89
8%
3
35
93
36
37
94
»8%
26
19
u%
30
e%
'
10
10
1 a
3%
e
a • •
.e«*
Coal pf. (Bost)lOO 114
it
82
31
Doru Iron <fe S.U "
Easton Con EL (Pliil) 50
Edison El IU (Boat) 100 350 858
ElecCoof AniH (Phil) 50
6%
Franklin Min'g. (Boat) 25
17% 18
" 100 266
868
General Elect..
" 100 250
Pref
3
Ind-Egyp Com(Bost).100
<%
IntButH&SM " 10
% 1
IntSP<fcDynam(Phil) 50
4f%
43
Isly BoyaleU..(Bost) 25
Manufac Rub.. (Phil) 50
% .......
"
50
Pref
. .
8«%
3
•
a 1
i ee
1 6U
{117
KC%
64
|103%
100
jlol
•
*
4
{104%
105%
ICO
118
•
**
. a
»»
1
,
{
lat oon Ibo 81 g non-oum
S2
82
st 5s.
1
1
,
U4%
PotomVallst5i.l941JAJ
8eoAvTn(Pltti)5i'34JAD
Say Fla A West 5i 8 4 AAO
Seaboard A L 4i 1950....
Seab A Roa^ 5«.1 926 J A.'
'
's'5s'4!.A&0
t8
33
Ya
100
'!!!!
....
88%
(State) 81
new.'38JAJ
Fund deM2-3i-1991JAJ
120%
66%
lie
95
98
.....
••••••
••••••
Canlst5s.' 1 6 J A.
••*
Del
a a
a a •
••
a «
« a
•
.
aa
a a a
•
»
117
181
•
-
••••
......
a a
.....
1 a a
91
93
• a
A B Bk
lat5i..'3.
1st 7i.'05 FAA
BaitAA litM5i.'20MA
KCSub B lit 61.. 20 JAD
Lehigh Nay 4%i..'14 y-j
RR4ig
1914 Q-F
Gen M4%ig.. 1924 Q-K
Leh TCI lit5ig.'38JAJ
Leh Yal ext 4a. .1948 JAL
3d 7s
1910 MA;
Comol «i
1923 JAD
Annuity 6i
JAD
Nat Aipi alt ool 5i
IIIMt
90
ConTraoof NJ
a a a •
•••••«
• a a a
B.%
GenM7
llO
107
180
180
110
:0d
a a
Consol
.
,
82% 83
aaaa.
!•••••
a a a a
aa
•
86
96
a a
aa
a
87
M
•
• • a a a
138
I12
118% ,,,,,
94M 95
94% ««%
8'%
107% i'07%
128%
123%
l'as"'
180
3"%
105%
• a
a a
aa
'••
• a
93
1 a a
a a
1
181
•••••
107
106
125
P Wll A Bait 41.1917 AACoiiat truit 4i.l921
MM
••••II
138%
1911 JAJ
6a g... 1911 JAj
Terminal 5i g.1941 Q-l
•
aaa
• a a • • •
100%
65%
13t%
7s..
JA 114%
!•••••
1997 JA.
95% 'Ve'%
Rochester Ry oon 5i.l93t 110
SchRESldelitSs g'35JAL 110
Scran Trao let 61 '32MAN
United N J 4i. .1944 MA>UnTraoPitta gen5i'97JA.'
Welibaob. f 5s 1 980. JAD
74% 15%:
Read Co gen
73% 78
117
MA
Con M
BxtImpM4ig.'47 AA-Con M of '82 4i.'37 JA.
aa
•
111
PaANYCan7i..'06JAD
1939 AAc 110
Com 5i
M
1 •
a • a • a
1903JA.
Gen M 4ig..l920 AA'
Ph A Read 2d 61. '33 A*v
aa
96%
Penn gen 6ir...l910 Vai
Comol 61c... 1905 Var
Comol Sir... .1919 Vai
Penn A Md Steel oot- 6i. 118
1939 AAi
4i
Penn Steel litli.'lV
Peopie'i Tr tr certi 4i.'4
Phlla Bleo gold truit otf *
Trust oertfl 4i...
PhABr gen 5g.'20 AAt
108
• a
118%
118
Mew'k Cou Gas 5i '48 JAD 105
Newark Pan o«;e 5s.l9S<
NYPhllANorlit4s '39JAJ
Income 41... 1039 MAN
No Penn lit 4i..'S6 MAN
Com
110
108%
114%
Bdlson Blec 5i itk tr cttt
HlecA Peop'i Tr itk tr ctt>
95%
BlmAWllm lit 6a.' 1 J A'
irs
2862 AA'
Income 5a....
Bq 111 Qai-L 1st g 5s. 192- 107%
Hestonv M A F con 5i.'24
HA B Top con 5i.'25 A fco 110
Indianapolli By 4a. .1933
81%
108%
aa
GaCarAN lit5a g.i929J A.) 107% 108%
GeorglaPlst5-6s 1922JAJ 185
187%
GaSoAFla lst5i.l945JAJ
KnoxvTrao lit5i '28AAO 88*
90
Lake RBI litguoi'42MA?
182%
MaoonANlit4%a'90MAS
Seriei A 5i 1926.... JAJ
Series B 5s 1926.... JAJ
Pitt Un Trao 5».1»97 JAJ
Aak
Bid.
5i'19JAJ 108% 109%
Cifi'8tRy(Ind)oon 5i.'83
Colum St Ry lit oon 5i.'S^
•••••I
• a a
i
So. Bound
BONDS
e«.
1
Maryland Brewing 61 ....
Met8t(Waah)lil5»'35FA
New Orl Gai lit 5i...Vai
S
Ju'y 19
May 88
ChooOkAG gen
a
ne%
1
152% Ju^e
« «
93%
90
•
923J AD
CttyA8ubiWaih)l«t5s'4f>
Col&Grnvl st5-6. 1 9 7J AJ
Consol Gai 6a. .1910 JAD
1989 JAD
5»
Ga AAialstpf 5i 945AAU
ASub
Jan. 14
Mar. 4
8 498
June 19
lw 124% June 30
Jvly 16 860
Mar. 5
Mar. 27 3 % June 1
Jan. 30
85% Jily 10
May 16 44 June 30
Mar. 21 99 Jan. 3
*l% Jan. 89 5f% Apr. 3
53 62* Jan. 21 79% Apr. 13
1.109
«% July 18 7% Jan. 8
3,445
4» Jan. 30 8% Feb. 13
286
8% Jan. 80 16 Feb. 18
605 90 Feb. 14 99 Jan. 9
'pr. 13
14 127% Jan.
4 146
May 9 38% Mar. 8
1,150 83
13,894
4% July 18 8% Feb. 18
993 113*4 June I' 128% Jan. a
33
10% July 8 17 Mar. 80
75 40 Jan. 18 55 Apr. 12
801 54 Jan. 1C 7r% Joi e 6
68 Jan. 4 79% July 9
ChesAD
{
88
UiiHUL.APllt4^i'29M<fccv
Un By A Bl lit4i'40.MAb
Income 4a 1949. ...JAD
Virg Mid lit 61.1906 MAS
adioriei 61.. 1911 MAS
3d leriei 6a.. 19 16 MAS
4th ler 3-4-5I.1921MAS
5th leriei 51.1936 MAS
.
& CA M RyAB 5i.'29 A&u «107
KC8tJoACB7a.'07JAJ {117
L RookAFS lat7a.'05 JA., S105
Mar H A Out 61...' 25 AAO 1118
Mex Cent 4a g.. 1911 J at i 88
2d eon inc Si non-oum..
1
Norfolk St lit 5i '44. JAJ
NorthCent 4%i. 1925 AAO
61 1904
JAJ
:
v
MAN
Ext A Imp 5a. 932M AS
Chas City Rylst 5i '23JAJ
18
%
16 180
4 184
BergAEBrewlst6s'21JAJ
B BoroGai lit5i.'38MACambrialron 6a.l917JA.l
NewpNAOPllt5a'38MA^
oonv 5i.' 1 JAJ iico% IC8
Debenture Si.1913 AAti i'oo% 102
KCCA 81lt5iK. 25 AAO 104 105
K O Ft SAG lit 7i.'08 J AD {114
5«.
Consol 5a... .1932
.10
Illin Steel
Income
Kit A Imp 8I.1901MA8
No BaltDlv 5i. 1 942J AICony'rtible5il906MAN
Central Ry 6a... 1912 JAJ
'13
19
Pi
KCMABlit4i..'34 MAS
1st 61 tunnel 1911..JAJ
Bal Trao 1st 5s.l929MAN
3C% CharlCAA ext5i.l9l0JA.>
2d 7i 1910
7%
,..AAC'
60
Wolverine Min. "
25
59
if on <ts— Boater,.
JAJ jl00%
ATASFKeng4i.'95AAO ;104 105%
98
Adjnitment g 4I..1995 } 97
Boiton Term'l 3%i. .1947 °115
117
KCF SAMcon 8i.'28M AN
BaltAPlstBsml 1911AAO
8%
16
2«
Atl City lit 5ig..'19 MAN
Balls Ter Ist5s.l936 JAD
108
....... 5s
lit 71.1907
1
1
Bonds— Philadelphia
•
Chas Ry G A Bl 5i '99 MAP
2%
21
99
• a a
MAN
Atl Coait L otf 1 5i . .JAD
Bait Beit 1st 5I.1990MAN
BaltCPaslit 5i. 191 1MAN
Bait Fundg 5a.l916 MAN
Bxohange 3%s. 1930 JAJ
Clt}-
111)
A Pot
80^795 131%
1.1 •< 117
4,310 151
300
76
50 775
1,318 15%
380 58
8,445 33
31b 46
129% June 8
-4% Jane 3
91
June 18
21
81
WeitVaCAPlitOg.'llJAJ
Wll A Weld Si.. 1935 JAJ
56
{103
flCS
JAJ
a
a •
AtlG-Llghtlit5il917JAD 100
80
28
28
A Ch
Atl
%
%
Jan.
July
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
AlleVyBext7il910AA<>
Asphalt Co 5s tr otfi
56%
1
Bonds— Baltimore.
Anaoostia
84%
50%
ChANoMguSi.'SlM&N |U7
Chi A W M gen 5i.'21 JAD {109
Curr't Riv lit 5i.'27 AAO (102
DGRAWlit4i.'46 AAO { 99
Domln Coal lit8i.'13M AS {111
^alt'U lit M I g.'06 MAS {ill
Fr KlkAM V 1st 6i '33 end {137
Umt'p'd lit 8i.'33 AAO {if6
.'02
1914 MAS
1916 MA'
84% Jan.
25% May
80
Weat N C oon 61. 19 1 4 JAJ
1
1108% 104
1907
fill
litmortei.. ..1905 JAJ «107%
Rutland lit 61. .02 MAN {108
Torrington lat 5* 1918...
a •
61
1
1
AAO
AAO
N YAN Bng lit 7i.'05 J AJ
110
45
United Fruit (Boit) .100
Mach.. "
25
"
Pref....
85
US Mining.... " 35
.
5a 1989FAA
lit 5a.. 1937
Tele 5i.'16
8%
1
Un Shoe
.
N B CotYarn
M
Baltimore—Conclu'd.
7
98
581
1,760
Bid. Aah-.
NBGai AC
4%i
25
85
50
BoiUnGailat5i.'S9JAJ
2d M5i
1939 JAJ
BurAMoRivex'ptei.J&J
Non-exempt 6i.'18 JAJ
Sick fund 4i. 1910 JAJ
Ob Bnr A O. 4i 1 922 FAA
IowaDlT 41.1919 AAO
Chloago June 5l. 9 1 5 J A J
BONDS
New Bng
Am Bed Tel 4a.. 1908
8%
.
894
5
UnCopLA'M'g "
UnMlLAPowpf (Bait)
.
.
NewEngoongen5i'45JAJ
H
25
G
...100
...100
.
H%I
61
SO
Mln..
60
...
"
... 25
Philadelphia Bleo.T 5 paid.. (Phlla.).
United Gas ImproTement 1.
"
50
United Statei Oil
(Boiton).
25
WelibachCo.
(Phila.)
.100
Weitlngh. Bleotrto A Mfg.. (Boiton).
50
"
Preferred
50
,,
,,
«1»13- 1 80 9-16
164
91
i'0'6
"
"
2%
25
Palmetto Co.... (Phil) 25
ParrottSUACop(Boit) 10
Penn Bleo Veh. (Phil) 50
"
50
Pref
50
Penniyl Salt... "
Phlla Co
...100
8%
NewHavIA
Pennsyl SteelT.
PrefT
"
*"%
5
Utah Mining.. (Boit)4-85
uo
50
...100
...100
...100
375
U
...
Old Dominion Copper T.,.,,,
Ask.
8
163
Warwiokl AS. (Phil) 10
3'% 81% Weitm rel Coal "
50
43
44
Winona Mlning(Boit) 85
130
...50
"
Lehigh Coal A NaTlgatlon.. (PhUa.) ...50
Manden CoH
"
...100
National Asphalt t
"
... 80
4
.i
.
U8PHoneCol.(PhU)
110
63
(Phlla.)
Boston— Concluded.
Tidewater St... (Phil) 10
Torrington"A"(Boit) 25
94%
280
8TOCKS-BOND8
a
Susquel A SI.. (Phil)
5
Tamarack Mln. (Boit) 25 346
naa t.
...100
...100
...100
"
.
.
11%
6f%
7fr%
Highest
Jan.
265 Apr. 15
Jan. 1" 190
July 17
July 8 248
Apr. 21
May 15 900 Apr. 94
Feb. 14 199% Aur. ao
Jan. 21 163
June 19
185 Apr. 8
Jan.
87% Jan. 38 75 May :«
45 Feb. 90 59% May :e
139 Jan. 19 148
Apr. 93
26% Jan. 4 3f>% May 1
34 Jan. 39 45 July
1
77% Jan. 17 96 Jui.e 11
13% Jan. 39 89% May i
100 June 18
88% Jan.
79 Jan. 91 144
May 8
87% Mar. 4 110 May 7
205 Jan. 2 218% Apr. 99
69 May 9 81 Apr 28
12% Jan. 4 24 1- 16June 4
33 8-16Jan.3S 40 >s June ;7
4 89 7-16MB) l
19 Jan.
9% Jan. 81 30% June 81
24% Jan. 81 54 Jar.e 91
78% Jan. 4 138% May i
4
99 May
82 Jan.
1
24% June 10 37 Jan. 3
aw
15% Mar. 15 18% Mar.
«•_% Jan.
Apr. 83
8
81,893
"
T.
Preferred!
11
68
68
Santa Tiabel
70
84
8,044
4,85
18,87?
181
6,065
1,535
88
New Bng. Cotton Yarn, pref.(Boiton!
New England Telephone....
"
•78
87% 87V
Rhode Isl
(Bait.)
...100
"
...100
(Boiton) ...100
"
...100
paid. (Phlla.) ... 50
(Bait.)
... 50
(Boiton) ... 50
,.
Paolflo
Federal 8teel
71
6%
6%
16
Plan tenCompT(Boit) 100
"
25 178
Quinoy Mining.
50
Amer. 1. AS
ii}uil) 25
18% 16
Arcadian
"
'-%
3
85
Arnold Mining.
"
85
87
38
Atlantic Min'g,
"
53
52
25
Baltic Mining..
28
(Phin 50
a %
•athatael
340
Boston SleoLM Boit) 100 235
46
Oambrla Iron.. (Phil) 50
00
98
(Bait) 100
OantonCo
S*
Oanten Mining. (Boit) 25
% s8
"
b
10
85
Central Oil
Oon. Lake Slip. (PhU)lOO
v<"*t
...
100
78
5
Dan v.Bessemer "
Domin
5*
'Yd'
919*
%
%
70
f%
«%
Oaoeola Mining.
•
(Phil)
"
DiamStateStfw. i. )"
5%
10"
91%
f%
885
39
100
160
60
170
81
58
108
68
83
Amer.Cnment.(Phtl)
H&E
•fa" '73%
•••••a
3
DeLong
f!
NewKngGlAC 1 " ....
5
8. (Phil)
Old Col Mining (Boat) 26
48
fcllonex M)nlng(Boit) 85
..
70
88
•*
49
49
300
MI8OHLLANHOU8.
Am Gi Id Dredg(Bost)
70
8%
ass" pd Bait 100
100
^re r ., tsst.id "
( Boit) 100
.
f...
"
10
Telephone
"
Helton? MAT"
"
Pref
4
dBrew
50
«a South A Fla.(Balt)100
lit pref
48%
[sroreu thaier
aa
47,688
16,81b
20,478
American Alkali
Preferred, 910 paid
MISCHLL.—Concluded.
a
5'i
50
,
... 25
Butte & Boston
"
...10
Calumet A Hecla
"
,.
... 25
24% Cambria Steel, 813% paid. ..(Phlla.) ... 5C
8f% Consolidated Gas
(Bait.)
...100
8b*. Dominion Coal
(Boiton) ...100
"
41% Brie Telephone
...100
33%
er%
23% 24
85* P5%
88% 89
2a««
19.
1 •
5'
...
Preferred t
94
no aale »a mad*
Bid. Ask.
...
...
"
775
775
775
775
6f%
3'%
4%
%
67
6,911
60
"
Amer. Agrioul. Chemical
80
89
48
CtoMolTrPitUl(Phll) 50
PreM
7F0
191
22%
"
,
•39
•88
...100
... 80
...100
(Phlla.). ...
141% 143% 14"% 145% American Sugar Refining 1 (Boiton)
182 124% 135 130
"
Preferred 1
168
"
169^ 159% 164% Amer. Telephone & Tel. Co..
Boston A Montana
"
159
12?
100
6.80"
4.715
2,468
136
...10'
...10'
Boiton)
lit preferred
2d preferred
108% Dnlon
.
81% Preferred
87% 27% Dnlon Traotlon, $17%
16% United Ry A Bleo. Oo
•95
66% Weit Bnd Street.
Miscellaneous HtocUs.
lir% 117 Amalgamated Copper!
(Boiton)
H
%
(
•16%
53
68%
A Charlotte (Bait) 100
A Maine pf. (Boit) 100
"
BoitonAProY.
115
58
50
(Phil)
%
143
89%
4%
•l(%
RAILROADS.— Price* July
Amer. Rail wa;
Old Colony
87% 87% Seaboard Air Line
47% 48% Preferred
103
•89
.
"
73)4 Pennsylvania
88
8S 8-' 8 88
90
88
«B
38
134
184
•;9%
«%
114
114
10
91% 91%
184
8994
4»t
114
6
9%
46
Bos
f%
4%
6
29%
4%
•1C% 11
All
72*
•79
9'% 91%
30
4%
88%
37% 8H%
48
4t%
5
183
80
;
48
"70" 'V6"
91%
9194
114
88
94
164%
1S4
•
%
13"% 133
88
(Bait.)
(Phlla.)
,
Reading Company
111% 114% 114% ne
8M
8 %
29% 80
'9
%
%
,
808
72%
1
110
•09
186% 188
808
8 40
.
Preferred.
8^8
71%
9%
86% 37%
•8% 24 %
25% 88%
%
70)4
19»-i- 18 7-16
71
Lowest.
57 351
609 159%
1 238
78 190
990 138%
183 14 X
87 126
(
.
%
808" 3'r 8 •809 ....
'808
....
7C% 71% 7'% 72% 79% 78
18**
9 8-1
18 8-16 80
1'% 15-6
87% 87% 37% i8% 87 10-16 f"J
24% a<% 88 11-16 6% 25% 25%
87% 87% 27
87)4
87% 27%
47
47
45
46% 47
47%
47% 4"%
94% 96% 97 103% 100 10?%
90
94
•87* 8~M 8% 8*% 8"% t>8% 8 % 9i%
2ti»»
87
87
87
87
27* 8'-. 97*,
w» 16% H% 1»% 16% 1694 16% 16%
96
9f% 96
95
95
95% 98% 9 %
808
869
8harts
2.2
194
195
188
13 %
Preferred
"
...100
70
Chootaw Oklahoma * Gulf. Phlla- >. ... 50
56
Preferred
"
...50
144
Fltohborg, pref
(Boiton). ...100
3f% Lehigh Valley
(Phlla.) ... 50
8»% Massachusetts Klect, Coi. V( Boston). ...100
94
Preferred 1
.. 100
'240
Range of Sales in 1901.
Railroad Hloeks.
Northern Central
Northern Paolflo
•808
71
Hal,. 1
Of the
Boiton A Albany
(Boiton). ...10C
Boiton Elevated, full paid..
"
...100
Boiton & Lowell
"
...100
Boiton A Maine.
"
...100
Chlo. Hurl. A Oulney
"
...100
Chlo. Jano. A Un. Btook Tdi.
"
...100
188
:
8
Daily and Yearly Record.
f Indicates unllatert.
958
253
i58
188
842
886
188
•440
190
18.
[Vol. LXXIII.
ACTIVE STOCKS.
Friday,
July 19.
1
.
4i,
iAnd lntereat.
Price includes overdue oour
VI
JCLY
THK CHRONICLE.
20, 1901.
131
Juuestmjcut and Railroad Intelligence.
RAILROAD EARNINGS.
weekly
The following table shows the gross earnings of even Bn in rsllroa from which
" r ''"' la'tert week r month, aa
give the
can be obtained. The first two oolnmns of figun
coluniiis the earnings for the period from July i to and including such latest week or month.
Tut returns of the street railvoa%» art brought together separately <>n a subsequent page.
Notice Change- Our yearly totals now ;ill date from July I.
I
i
i
i
j.atftt
ROADS
Week
Month
or
Gross Burning!
OutrmU
i'i
t
.
.
NO
N"
.V
Ala*
tdwkJulj
i
June
wk July
Ann Wash A Bal April
AtehTop AS Ktv May
Atlanta
Char.. March
A
Knoxv A No. June
May
Atlanta & W 1't
"ay
Atl Coast Line
Atl
Atl Vald A West.
Austin & North April
1
is, so:;
079,19s
10,7-1
1.375
7.011
117,177
Nu
Pacific
107,032
1 ,97!)
1,814
3,572
3,088
4,285
3,245
54,681
128,521
65,702
86,240
wkJuh
2d wk Jul>
1st
Ceut'lof Georgia 2d wkjui}
57,133
107.113
035,000
118,785
55,828
Buffalo itSusq... vlav
Canadian
i
\
1
A:
145,710
47,305
40,390
28.290
1,033,030 3,794,306
(
May
Bangor *
Bath A: Hammon May
Belletonto Cent'J June
Brldgl & Baoo R. May
Brunsw & W68TU May
HiitfKo.li <S
tf Jd wk Jul'
Hap
509,000
120,195
50,181
45,081
87,729
New Kng..
1,816,044 1,262,185
Cent'lofN Ji reej May
1,001,912 1,430,405
Central Pacific.. M'lil
1,751
2,071
Ceut'l Pa A Weal May
60,098
63,957
Charleston A Sav May
1,409
1,700
Cnattan South'n. 1st wkJul>
Oheaap & Ohio... 2d wkJulv 286,828 275,110
747,158 025,85?
Chic A Alton Ry. May
Ceut'l
May
2d wkJuh
Chic & K
Chi- Qt Western. 2d wk July
Chic Ind ALv... 2d wk Jul}
CnicMilw&StP 2d wk J uly
Chic, A; North Wii May
Cbio Peo & St L
St L Ch A St P
ChicRI APac... May
Ohio St P MAO. May
Cbio Term Tr KK 2d wk Jul j
Ch'cBurl A
Quiii
Illinois.
1,315.880 3,571,251
103,795
87,648
110,912
82,410
70,223
746,195 713,738
3,003,231 3,458,257
131,1
1
I
97,701
90,109
J
ChooOkl A
Gulf. lstwkJulj
2dwk Jul)
Cln N O & T Puo.
Cin Portsin A Va
May
CICinChA
Peoi-ia <fe
8tl,. lstwkJulj
East'n let wkJ uly
Clev Lor & Wheel 2d wk July
Colorado & South May
ColNewb & Lau. May
Col Sand & Hock 2d wk July
Cornwall &Leb.. May
Cuniberl d Val e> May
Denver & Rio Gr 2d wk Juh
Denv A South w. March
Det & Mackinac. May
Dul & Iron Range February
DulSoRh A Atl.. IstwkJuly
EStL ACarond. June
.
Elgin Jol
Erie
A East.
May
Evansv & Indiar 2d wkJuh
Evansv A T H... 2dwkJul>
Find Ft W A W..
A Denv City May
Ft
FtW A RioGr... 3d wk
W
2,205,825 1,795,630
797,209
7,;);;;.
Gr Trunk System lwl -wlcjul}
Gr Tr A West'n 4th wk Jne
DetGi H AM.. 4th wk Jne
120,455
87.623
32,824
512,172
108,705
24,119
Gila Val
Pla..
GA
N..
June
Mav
Great North'n —
771,230
28,441
28,095
"45,650
*CO,740
85,801
90,071
31,222
33,735
302,011 302,810
42,649
37,971
47,092
44,883
388,001 328,072
12,40'J
11,877
24,338
21,018
30,735
24,843
84,708
74,239
250,200 208,000
177,320 223,915
88,978
84,055
74,104
77,389
49.897
51,011
13,557
14,522
194,451
158,048
3,011,472 3,151,110
0,552
5,243
20.014
24,751
7.700
9,820
168,548 125,00!!
J'ne.
Ga South A
n>n«
k
)Vur
or
St P Minn AM. June
East'n of Minn.
0,721
lis, 107
90,103
45,017
481,831
101,100
22,502
1
i
in
1.
%
67,052
950
757
Mexican intern'l
Mexican Nat'l..
Mexican North'n
1,856,200
si 2,781 {Mexican Ry
091,532 Mexican South'n
J.
1,829,81
1
820.669
896.936
61,049
53,557
.int,
Pret tout
ni
1
tat H
(/
oi
,
Month
Manlstiqu*
(Mexican (intra) 2d
1
wk Juh
May
2d wk Juh
May
WK JuneJH
I'll Wk J lie
2d wk July
*
12.IKI
335.IO514,01
143,885
43,892
I
79,500
21,481
1
#
1,904
•
•)'.
3C
'.127
451 ,68(
140,187
56,240
86,000
2o,3 l!i
50.70
81,31
5,180,946
27
1
21
1,312.2
.\t
-1,
S'JI
1
1
1
1
-j
1
1
!
1
1
1
'J
1
.
1
AN
.
i
AN
1
1
.
1
1
.
1
1
1
1
1
1
W
.
Oreg
RR
OregSh
Waba-h
1
1
1
.
-
w Jersey
,
:
<feN
Line.
;
May
2d
.t
W V Cen A
Sea
1,123
3,619,341 3,230
S
e
Pitt.,
wk J uh
Way
Mas
We-lcin of Ala ..
asWheel A L K
.Ill lie
Wisconsin Ceni
21 wk July
Wrfghtsv A Tn. May
Yazoo & Miss V.. June
648
340,476
272,350
10 1. 007
5! 1,0 17
si
-,912
'.i-
2,96 l.ol
!•
2
1,08'J
53
LO.OOO
1
n
30.
649
I
1,8
1
-
31.
'
*
Covers results on lines directly oreratcd east of Pittsburg.
Figures from June 1 are for the railroad only.
Includes Chesapeake A Ohio southss estei 11. Ohio Valley and Chicago and Texas for both years.
Mexican currency.
olncludes Padncah A Memphis Division from July 1 In both 3 ears.
t> Includes the Houston A Texas Centrai and it- subsidiary lines.
Earnings ol the Cromwell Steamship Line, not previously wpi
now also included.
c Results on Montgi mery Division are included in both years.
rfluoludesSI l'.oil * Duiuth lor boUi yean*.
e Includes results on *her. Shrev. & Southern Mo Midland and San Antonio extension lor this year, hui not (or last ) ear.
^
t
I
J-7,77s
72,7o5
13.
111 21 5
IstwkJuly
91,097
81,087
81.811
2d WK Juij 8277,816 219,377 e510,941
•In
002,011!.
2d wk Jul}
51 l.ooo 1,170,000
95
3I.OOO
57.'
2d svk July
28,000
id wk Juh
681.033
Total
655,387
696,000 5 iv, in 10 1,227,000
7.103,171 6,819,903 Mob Jack A K C. Wk July 13
.7!
1,1)00
2,679
2,456
235,432
192.309 Mobile A Ohio.. June
C 458,500 r 468,200 6,10
May
230,028
113,174 Mont A Mex Gull
120,053
128,925 1,273.111 1.245,173
«57 1,103 «51 1,995 07,662,327 a7.136,501
....••• Nash Oh AStL.
2.703
Nevada Central..
3,072
29,663
27.742
17,12 1,33!) 12,783,108
200
N Y C & Hud Ri\ May
t,965,65o 1,050.37", 51,448,61
1.5:.1,321,800 1,117,373 N YOnt& Went. M y
483.522 5-3,-5!) 4,819,81
213.772
N Y Susq A West May
37,708
162,189 2,291,590 2.3-37,
•12,177
•15,055 Norfolk A Wesfi lstwkJulj
250,7 12
2 12,656
2
250,742
36,956
36,088 Sort hern Central May
678,865 001. DO
7,329,146 7,233.1 io
617,659
635,837 North'n Paolflo.fl istwkJuh
603,918 513,39(1
543
603,918
2d wh Jul}
00.217
224,372
214,826 Ohio River
80,627
28,115
62,942
659,338
686,609 Pacific Coast Co. April
370,983 366.3 I- 4,240,662 4,29
si;.
lu
March
275,5!)
87,729 Pacific Mail
164,208
2,328,286
2.51
1,231,001' 1,1 11,000 Pennsylvania^... Mas'
7,770,667 7,126,567 -1,7-1,1.
•17.3230,270
•Vpiil
....
231,190 Pi- nn A North w'n
.771
50,298
569,671
18,902
1 11.30048,319 Pere Marquette.. 1st svkJuly
10 1.501
164,364
14
5s:), 31)1
May
552,5(11 5,577,1-7
Phtla A J'Jrie
,820
995,15- 10,599.032 10.064, 132
16,188,745 15,515,95!) I'bila Wilm A 15.. May
1,029,258
21.616
22,027 Pitts Bess ALE. tthwkMar
47.
54,022
1 ,757,753
690,2 7
027,098 Pittsb C C A St 1. May
1,070,012 1,507.2 1- 17,773.107 17.- 12,888
1,700 P.tt.sb <to West'n. \piil
1,409
198,919 195.731 1,854,037 1,75(1.1 CO
520,00:
513,20s
Pittsb Cl<& To;
112.270 1,051, loo
118.836
965
PittPb Pa A K.. Aoril. ..
27.988
573. 5-:
8,278,926 7,100,289
5 17.2-1
44,966
15,863,032 13, 510,510
Olal system. .. 2d wk July
143,901
74,717
69.256
138,512
20s. si;
ISO, 179 Plant System250,211)
233,029
950.-01
Ala Midland... May
63,271
68,909
872,757
101,731
110,977
017,05!'
BrunsA; W'n... May
54,095
57,435
635,837
J ,395,702
May
66,09Chas ASav
1,480,789
63,957
696,217
627.098
39,410,113 39,315,500
Sav Fla A W... May
393,464
350,608 4,753,loi; 4,075,693
200.9-0
SilSOc AG....
18,014
30.053
200,050
1,343.881 1,445,921
Reading Co—
21,705,730 22,011,010
Phil A Read....
2,329,242 25,720,330 24,441,528
9,827,731 9,000,207
Coal Air Co.... May
2,840,610 1,817,801 26,815,337 25,57
54,171
58,588
T»t both Co's.. May
5,415,350 4,147,043 52,035,673 50,015,119
"45,056 Rich Fr'ksh A P
*66,740
124,953 123,040
.208
960,758
17!). 01!)
1 8 ,300
Rio Grande Jet.. March
41,145
40,231
433,341
380
300,200
329,024 Rio Grande So... 2d wk July
9,659
19,203
18,723
9,579
302,011
302,810 Rio Gr'de West.. 2d wk July 111,200
80.200
Ml), 400
186,000
42,019
37,971 St Jos AGrI
101,205 109,300 1,403,15!) 1,403,790
130.O07
81,478 St LKeu'etA So.
91,247
11,503
101,709
7,461
0-.090
April
Ark
13,096
4,301,608 3,802,132 StL
7,546
82,304
15 -.042
102,!) 19
161,168 St L A San Fran IstwkJuly 109,297 138,042
169,297
lis
41,710 St L Southwest .. 4th wk Jnc
43,782
7,371,5-.. 5,908,356
141,
129,008
272,681 StLVan&TH..
248,717
168,351
162,032 2,()oo.5 a. 1,947,954
917,480 San Ant A A P... May
985.0 1H
189,00-1
147, --'J 2,486,639 2,013,102
•103,500 San Fran
102.21S
<)5.5 55
101,300
l,039.ooo
P..
958,224
1,789,200 1,867,966 SFe PresAPh... IstwkJuly
19,413
19,000
19,413
19,060
711,877 Sav Fla A West. May
800,713
393,101 350,608 4,753.400 4,075,698
2,753,101 2,885,730 Seaboard Air L.. 4th wk J ne
224,895 209,377 10,885,164 9.551,107
19,-1)7
5 ,041 Sher 8b rev <& So
1st wkMas
715,295
1.125
15,897
3,862
159,394 SilSprsO &G... Mav
is,«;u
152,979
30,053
200,056
260,986
2 18.213
17,1 13
1,483,362 1,432,497 SoC AGaExt...
280,532
17,882
35,5 19,095 3 1,900,779 80 Haven A East. May
3,941
4,904
1 1,682
10,558 Southern Ind
50.074
49,335
157.1-0
46,026 So Miss A Ark ...
10,412
206,343
12,802
105,171
115,410 So Pacific Co 6... May
7,112.131 5,402,859 72.1 --.705 02,935.7);.;
1,932,(107 1,486,382
143.174
Austin A No'n. April
14,375
21,384
230,028
471,098
Cent Pacific... April
648,685
1,601,912 1,430,105 10,1-D. 7 15 15.5 15.! 159
Gal Har ASA.
1,716,883 1,540,879
005,330 521, OHO 5,087,070 5,244,287
Gulf W. T. <s P.
1,203,811, 1,180,411
9,200
12,794
338,112'
335,771
Hous. E. AA'.T April
01.250
44,869
512,172
481,831
Hous. A Shrev.
8,045
14,047
Hous ATex Cen
374.657 280,436 4,371,201, 3.39S.110
loi.ioi 1,431,194 1,136,428
1,028,484 1.012,073
Louls'a West... Apill
140,114
079. -5s
517,17(
Morgan's L A T
0,71 1.275 0.OO0.079
N YTAMex..
255,016
23,173,278 2!
32,195
242,853
26,266
15i
2,3d-. 7!'-.
3,730,093 3,749,205
Tex ANorl....
20 1.0O2 15!).
1.566,921
1
2,151,01!) 2.051,099
l.lO'l. DM 15. -'jo, 7
1 1,730,9
So Pac of Cal .. April
1,795,500
So Pac of Ariz April
28,055,620 29,490,297
•120,379
295,728 3,632.222 3,15
190,462
207,048
25 1,151
Bo Pac or N M April
179,159 1,975,68'- 1.0.
031.53(1
4,371,266 3,398,116 Southern Ralhs's 2d wk July
624,671 1.192.2-1
30,-5-, lo«i 32,611,867 Terre H A Ind ...
128,300 l,57i
122,905
1-7.351
l.'i-i.
5
Terre H A Peor..
,388
30.775
39,6 i7,50.'
538,71
511,657
12,806
12,900
caa Central ... 1st wkJuly
.171
300.504
15-. 055
1,264,648 1,029,299 Texan <-c I'acific. d wk July
122,273
lie
132,0111
7.5(11
138.800
S.377 Tex S V A N W
1.500
June.
-110.771
4,040,700 4,152,758 Tol <Jk Ohio Cent. 2d wk.Tnlv
46,020
63,067
070
25.H7'
73.137 Tol P A Weat .... 1st w k.) ul\
20, in:
2o,l95
79,982
72
59,883
73,108 Tol St LA
2(1 wk Jul"\
37,788
40,256
27.
3 2, 69 5
Tor Ham A Hull -May
29,938
36,722
6,433,08";
$9,690 Union Pac Jill t
53,111
2,083,858 1,874,167
431,706 385,732
Moniana Cent'J
109,150 153,9S3
Total system. |June
S.685,021 2.413,882
Hocking Valley.. 2d wk Jul)
111,183 JO.
Hous A Te^c Cent April
37
230,136
2,80s, 13 2,771,75!)
Illinois Central.. June
9,310
8,203
Ind Deo A West's March
46,101
59,846
Indlll A Iowa... May
1 16,839
88,536
Int A Qt North'n 2d wk Juh
02,101
69,138
Wkjune.2!i
Interoc (Mex)
81,900
74.638
2d wk 3 ulj
37,1!):;
Iowa Centra!
42,389
Iron Railway
June
5.202
5,160
Karawha A Mien 2d wk Juh
19,050
15,801
K C Ft Scott A M 3d wk J'ne 97,374 95,483
K Mem A Binu 3d wk J'ne- 25.080 26,087 1,083,241 1.03s, 77i;
30O,5io
305
Kan City A N W. May
20,735
27,11)7
3,768,600
Kan City South'n May
414,352 851,752 4,3 10.-::
437,o-l
-7, 52
Lehigh A Hudson June
30,232
38,728
Lehigh Val Kli May
2,274,323 2,071,308
Leh* Val Coal Go. May
1, ill 0,723 1,466,363
.... ..
277.01.:
Lexing A Kast'n. May
323,662
31,876
33,161
Los Angel Term. iMarch.
15,301
91.612
128,104
10,589
Lou Hen A St L..ilst wk.Tuls
10.102
11,314
11,314
10,162
Louisv a Naahv.|2d wkJuh
520,000 496,2251
884,365|
812,870
79.903
Macon & Biim... June
108,197
6,470
7,003
June
Earning!
(
*
177,71
72,816
Minueap
Ht L.
0I.71S M 8t P A H St M.
5,64
1,837,478 4,051,030 19,857,387 12,897,228 Mo JCan <fc lexa251,571 242,130 2,208,860 1,982,479 Mo Pac A Iron Mi
•110.275
32,196
481,679
Central Branch
42,051
21,38
6,808
....
Aroost
Burl
118.111
03,437
68,161
32,147
7,324
54,070
714,999
10,325
Balt.v Ann S L... April
Halt A Ohio....
June
B & O SouthW.
*
13,55s
84,349
08,909
ROADS
I
one
2d
J'm
i'tiir
Juno.
June
P.
.v
68,274
1'ac
Vlcksb'g
Viek.-b Bb
30,50(1
May
asl
1
15,033
I at. >(
Latett Date
to
1
Current
I
)'mI<
Y\ in-
vfay
Adirondack..
Ala t Southern
Ala Midlaud
Ala N
A 6X8
July
•
I
|
THE CHRONICLE.
132
Totals for Fiscal Year.
In the full page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
thai being now the beginning of the fiscal year of the gnat
majority of the roads. There are, however, some roads that
These with their dales are
still have their own fiscal years.
brought together in the following.
1st
[Vol. LXXIil
week of July
1901.
474,305
250,74 2
603,918
1«4.384
69,187
Northern Paclflo
Pere Marquette
Hlttsburg & Western...,
RiO Grande Southern
Period.
Current
Year.
Atlanta & Charlotte Air Line.
Bellefonte Cent nil
Burlington Cedar Rap. & No.
Central of New Jersey
Chicago & North- Western....
Chicago Rock Island & Pac.
Chlo. St. P. Minn. A Omaha..
ii
June
1
to
Apr. 1 to
Jan. 1 to
Duluth South Sho. & Atlantic
East St. Louis & Carondelet.
Ft. Worth & Denver City
Gila Valley Globe & North'n.
May
May
May
Jan.
Jan.
Jan.
Jan.
International A Gt. North'n. Jan.
Lehigh Valley RR
Dec.
Lehigh Valley Coal
Deo.
Manistique
Jan.
Mexican Central
Jan.
Mexican International
Jan.
Mexican National
Jan.
Mexican Railway
Jan.
Mexican Southern.
Apr.
Missouri Pacific
Jan.
Central Branch
Jan.
Total
Jan.
Monterey & Mexican Gulf.... Jan.
Northern Central
Jan.
Ohio River
Jan.
Pacific Mail
May
Pennsylvania
Jan.
Pennsylvania & Northwes'n. Jan.
Pere Marquette
Jan.
Philadelphia & Erie
Jan.
1 to July
1 to .June
Phila Wllm'g'n
1 to
West Jersey & Seashore.
Year.
Apr. 1 to Mar. 31
Jan. 1 to .1 mi 30
Jan. 1 to Jnly 7
Jan. 1 to .Juno 30
Choctaw Oklahoma A Gulf.. Nov. 1 to July
Cumberland Valley
Jan. lto May
Denver & Southwestern
Dec. 1 to Mar.
& Baltimore.
Pitts. Cincin. Chic & St. L...
Rio Grande J unction
St. L. Vandalia & Terre H....
South Haven & Eastern
South. Missouri & Arkansas..
Terre Haute & Indianapolis..
Terre Haute & t? eoria
Texas & Pacific
Previous
Nov.
lto Maj
1 to
May
lto July
1 to
1 to
May
May
lto June
1 to
July
to
May
1
lto July
lto June
1 to Juno
lto July
1
to July
1 to July
lto May
lto May
1 to
lto
lto
lto
lto
lto
July
Mar.
May
Apr.
July
May
May
May
Jan. 1 to
Deo. 1 to Mar.
Nov.
1
to
June
Jan. lto May
Jan. 1 to June
Nov.
Nov.
June
to June
1 to
1
Jan. 1 to July
Jan. l to May
2,722,198 2,481,6(13
22,497
28,967
2,442,176 2 3 25,424
8,093,018 7,389,591
31 43,098,684 42,950,801
31
4,196.9.^4 3.555.7 88
31 3.987,451 3,713,257
7 3,158,986 2,070,683
36H.026
31
400,178
H76.350
766,361
31
7 1,218,421 1,293,327
30
78.096
81,321
600,925
853,913
81
155,504
31
146,478
14 2.332.623 1,936,938
j
31 13,i: 3,154 11,944,581
31 10,862.621 8,518,825
58,833
64,193
30
14 9,505.705 9,570,009
31 2.473,994 2,232,558
14 4,153,653 4,327,666
29 2,204.500 2,360,900
227 263
30
233,891
14 17,103,958 14,743,196
14
654,311
648,437
14 18,281.999 15,853,205
587,944
31
563,818
31 3,283.592 3,147,892
697,492
14
720,789
31 2,885,691 3,461.753
31 i7,026,576 33,628,476
225,526
227,045
30
7 4,397,004 3,943,125
31 2,387,061 2,074,924
31 6,625,156 6,332,156
31 8,161,256 7,854,728
31
158,920
148,087
30 1,311.735 1,254,723
15.022
31
19,001
103,476
81,209
30
30 1,016,050 1.056.8 14
30
355,672
310,486
14 5,«32.620 4,289,347
31 1.163.728 1.074.828
Weeks.— In the table wh?ch
separately the earnings for the latest
week
The table covers the second weak of July and
shows 11 '14 per cent increase in the aggregate over the
same week last year.
Latest Gross Earnings by
we sum up
follows
2d week of July
Alabama Gt.
1901.
Southern...
Buffalo Roch.
A
Plttsb'g.
Chesapeake A Ohio......
Chicago A East. Illinois.
Chic.Indian'lis
A Louisv.
Ohicaeo Mllw. A St. Paul
Chic. Term. Transfer
Cln. N. O. & Tex. Pacific.
Clev. Lorain & Wheel'g.
-
Col. Sandusky & Hocking
Denver A Rio Grande...
Kvansv.
Evansv.
A Indianapolis.
A Terre Haute.
A Gt. Northern..
Kanawha & Michigan..
Louisville & Nashville..
Intern'l
Mexican National
Minneapolis & St. Louis.
...
M). Kansas A Texas
Mo. Pacific & IronMt
Mob. Jackson A K. City
.
Rio Grande Southern....
Rio Grande We stern
Southern Railway...—
.
Toledo
&
Ohio Central...
1900.
9
39,503
32,147
128,521
635.000
118,785
286,928
103.795
131,444
82.410
746.193
29,441
85.861
47,692
24,338
250.200
6,552
26,014
111,193
69,139
42,389
19,036
520,060
335,408
113,8^5
72.705
277,816
662,000
34,000
2,679
30,627
74,717
9,659
111.200
631,530
158.655
63,067
40,256
340.476
110,000
m
34,349
28,296
107,413
6.635.953
Netinoreaae ill 14
p.
Increase.
Decrease.
s
5,159
9
3.851
56 ',000
21.103
66,000
120,495
275,146
97,049
116.912
76,223
713,758
28,095
96,071
11,782
6,146
14,532
6,187
32,437
1.346
44.88.t
21,648
208,600
5,243
21,751
102,556
62,161
37,493
15.901
496,225
300,063
140,187
56,764
219,377
514,000
28,000
2,456
28,115
69,256
9,579
86,200
624,671
122,273
46,020
37,788
298,323
104,760
5,970,700
1,710
...
2,809
2,690
41,60 J
1,309
1,863
8,637
6,978
4,896
3.155
23,835
35.345
3,703
15,941
58,439
143,000
6,000
•« ..
•
•••• ii
223
2,512
5,461
80
25,000
6,*59
36,382
*•**»
17,0 17
2,468
42,153
5,240
;677,178
11,920
665.258
c).
first week of July our final statement covers
and shows 7*88 per cent increase ia the aggregate
over the same week last year.
For the
57 roads,
1st
week
of
July
1901.
1900.
$
Previously rep'd<37 r'ds)
Burl. Ced. Rap A North.
Chattanooga Southern
Ohio. Term. Transfer
Cln. N. O.
.
& Texas Pac.
$
5,757,087
5,379,566
87,729
1,706
26,37c
45,656
85.235
86,240
1,409
29.147
66,740
93.788
increase.
$
414,960
Decrease
37 439
1,489
297
2,771
21,081
8.553
*
793
4,678
37, '71
618
20,062
51.041
416.645!
1,114
57.660
8,038
60,52^
22,99 d
242/
Louis & San Fran....,
3anta Fe Pres. A Phoenix
Texas Central
Toledo Peoria & West'n
9,60 1
76.800
169,297
19.413
12,90
20,495
(57 'onds)......^
8,319,143
7,711,488
Kio
Grande Western
St.
t.tal
Set increase (7 88
I
69
460
1
3,600
31,255
353
5,401
I
652,38 5
607.935
j. o.>.
2,575
44,430
Met Earnings Monthly to Latest Dates.— The following
jhowsthe gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
includee every road from which we can get returns of this
character, and in that form is given once a month. Early returns are published fromweek to week, as soon asissued, but
for the convenience of our readers all the roads making returns are brought together here in the week in which we publish our monthly article on net earnings- say about the 80th
of the month.
The returns of the street railways we give by themselves
under a separate head at the extreme end of these tabulations
—see page 135.
Gross Earnings.
Current Previous
.
Year.
Roads.
Adirondack, a
8S
May
July 1 to May 31
Ala Jiama Gt. So'th.aMay
July 1 to May 31
15,033
177.741
174,482
2,028,593
68,274
950,861
7.324
53,557
144,241
1,616,655
4,837,478
.
Alabama Midl'nd. b May
July
I to
May
31
Annap.Wash. ABal.Apr.
July
1
to Apr. 30
inn Arbor. b
July 1 to
May
...
May
31
Uoh.T.AS. Fe..b May
July
1
to
May
31. ...49.857,387
Knox. A Vo.a May
July lto May 31....
Year.
.
.
Net Earnings.
Previous
Current
Year.
.
Year.
9
9
9
372
def. 682
13.558
60,838
185.659
48.227
48,781
167,919
45,093
591,310
592,130
1,988,378
5,311 def.11,664
68,909
187,025
245,109
872,757
2,590
3,156
5,641
21,830
16,041
61,718
4.813
46,210
139,513
380,160
420,258
1,572,769
4,051,036 t2,038,890 tl.781,480
42,897,228 t20072743 117240638
11,718
8,860
34,106
98,718
127,118
884,079
9,282
11,222
48,803
229,016
256,745
655,387
217,606
257,812
679,498
6,819,903 2,641,759 2,672,564
def.367
5,767
14,375
3,782
8t>,220
143,174
42,805
439,628
Atlan. AWestPt.b.May
54,079
July 1 to May 3i....
691,033
AtiantioCoastL.a.May
714,999
July lto May 31 .. 7,163,174
Austin A Nortw'n.bApr.
21,384
July lto Apr. 30.-..
230,028
Baltimore A Annapolis
1,656
Short Line
7,614
1,741
Apr.
6,899
Bait. A Ohio. b.i... June 4,033,036 3,794,806 1,454,504 1,163,960
July 1 to June 30 ..47,124,339 42,783,108 16,016,044 14,954,892
38,725
107,032
37,778
Bangor A Aroost'k.. May
117,177
495,4b0
446,608
July lto May 3 L ... 1,321,806 1,117,373
def. 303
423
1,979
1,814
Bath A Hammonds.May
19,621
19,697
37,481
July 1 to May 3i ...
37,708
1,169
1,416
3,572
BellefonteCentralbJune
4,285
5,6»d
9,095
23,969
22,497
Jan. 1 to June 30....
929
1,227
Bridgton A Saco R.May
3,245
3,088
12,639
9,319
to May 31....
36,956
36,088
July
24,104
24,266
SrunswickAWest.bMay
57,433
54,691
209,458
252,208
617,659
635.837
July 1 to May 31 ....
281,445
241,677
518,987
571,478
8ufl. R. APittbs.b.May
July lto May 31... 5,297,899 4,520,992 2,288,607 1,879,867
25,795
14,618
45,991
tJuflaloAS'squeb.bMay
65,792
336,425
286,378
659,338
686,609
July 1 to May 31....
83,008
111,602
iurl.Ced.R.ANo.a.May
399,772
367,349
542,356
602,639
Jan. lto May 3 L ... 1,918 418 1,839.281
a ladian Paoiflo.a.May 2,654.847 2,662,898 1,010.284 1.079.670
July 1 to May 31... 28,153,025 28,036,711 10,987,943 11,428,052
62,874
470.043
400,783
68,806
Cent, of Georgia. a. May
July 1 to May 31 ... 6,443,615 5,678.664 1,855,924 1,804,103
4,505
7,004
56,134
55,928
Central New Eng... May
136,620
159,250
648,319
648,962
July lto May 31....
546.444
647.221
Cent, of N.Jersey .a. June 1,503,780 1,353,217
8,093,617 7,389,590 3,395,911 2,881,102
Jan. 1 to June 30
641,566
650,959
1,661,912 1,436,465
entralPacific.b...Apr.
July lto Apr. 30.. ..16,189,745 15,515,959 6,284,846 6,060,378
def.740
1,754 deM.lll
2,071
Central Penn. A W. May
22,027 def.3,138 def.l,3j7
21,616
July 1 to May 31....
11,160
18,215
63,957
66,098
.'har.ASavann'b.bMay
125,259
193,418
696,217
627,038
July lto May 31 ...
9,894 def.6,007 def.1,983
7,015
Ohattan'ga South. aMay
87,410 dei.31,310 def.16,943
8S.056
July lto May 31....
325,102
394,797
1,310,903 1,124,546
)Hesap. A Ohio. a. .May
July lto May 31. ..14,057,83112.129,009 4,896,870 3,899,588
199,056
274,306
625,852
747,158
Chicago A Alton. a. May
July lto May 31.... 8,278,926 7,100,289 2,856,407 2,711,592
944,618
4,345,886 3,571,254 1,161,711
Chic. Burl. AQuin.bMay
July 1 to May 31. .45,963.032 43,540,510 16,341,811 16,355,171
118,835
185,570
365,714
441,726
Ohio. A East. 111. b.. May
July 1 to May 31... 5,210,835 4,756,642 2,228,257 2,142,216
162,977
186,752
528,491
593,189
hio. Gt. West'n. b. May
July 1 to May 31... 6,406,739 6,167,535 1,990,982 2,051,344
124,109
142,718
358,805
374,573
Jhic.Ind.ALouis.a.May
July lto May 31... 3,783,778 3,824,531 1,365,133 1,421,344
603,500
783,063
3,232,192 3,108,658
O'dio. M. A St. P.a..May
July 1 to May 31... 38,813,022 38,465,486 13,263,327 12.489,235
593,281
479,553
"hlc.R.I.APac.ad.May 2.205,825 1,795,630
935,544
Apr. lto May 31... 4,19t>,935 3,555,788 1,119,036
59,488
64,650
107,601
131,007
Ohio. Ter. Transf ..b.May
626,257
659,827
July lto May 31... 1,301,696 1,120,384
Atl.
i
10,210
Decrease.
543,39 >
141,3 38
63,256
9.141
63,200
138,042
l&.OOu
7,50 3
23,0
,
Roads.
30? 810
Increase.
9
A St. L.
Peoria & Eastern
Jol. Sandusky A Hook'g
Ouluth So. Shore A Atl
'.oulsvllle A Nashville ..
N .rfolk A Western
Jlev. Cln. Chlo.
,
Latent Grout Earning*.
1900.
302.011
42.619
19.444
49,897
.
,
July
THE CHRONICLE.
20, 1901.]
,—
droit Earnings.—
Current
Previous
Tear.
8
Roadt.
Tear.
8
,
<
—
Nrt tart »r»y»
Current
Previous
Tear,
*
121
1,070,003
897,802
68,703
.277
1,525,495 1,366,438
("In.Chlo.ASt.L.nMay
July lto May 31. ...16,170,532 15,347,3 17
385,269
4,584,312
357,697
1 to
Apr. 30....
326,525
•225,340
188.452
59,710
Peoria A East' n May
773.751
July 1 to May 81.... 2,266,511 2,155,228
180,48*
179,518
75.627
Clev.I.or.AWhecl.a.Mur.
437,157
July 1 to Mar. 31.... 1,481,027 1,497,417
328.672
90,635
388,664
Olorario A South bMay
July lto May 31.... 4,301,008 8,802.132 1.122,519
71
12,462
11,877
Oolurob. Newb. A L .May
162,919
161,408
40,029
July 1 to May 31....
17,111
30,735
24,843
Cornw'llALebMn'n.May
112,78(>
272,681
218,717
July lto May 31....
24,559
84,708
74,239
Cumberland Val.b .May
308,026
125,007
400,178
Jan. 1 to May 31....
358,290
930,913
872,576
Denv. ARloG'ftV.b.May
July lto May 31.... 10,463,151 9,329,028 3,941,300
223,915
62,879
177,326
Denver & South w.bMar.
766,361
876,350
312,737
Deo. 1 to Mar. 31....
84,055
26,497
Detroit A Maok'c.u May
88,678
243,018
£00,713
744,877
July lto May 81....
224.938
236.381
70.714
Daluth8o.8h.AAtl. May
951,578 1,008,319
312,022
Jan. lto May bl....
Brie. a
May 3.641,472 3.151,116 1,084,702
July lto May 31... 35,549,695 34,960,779 9,422,740
3.018
23,267
26.580
Evans. A Indian b May
296,630
331,132
88,875
July 1 to May 31....
114.941
102,024
49,581
Evans. AT. H...b. May
597,877
July 1 to May 31.... 1,320,250 1,315,120
844
7,546
FlndlayFt.W.AW.b Mar.
6.844
82,546
94,130
13,363
July 1 to Mar. 31....
125,669
Ft.W.ADen.Citv.. May
28,819
168,548
600,925
218,690
853.913
Jan. 1 to May 31....
32,757
76,050
74,805
Ft.WorthARioG.b Apr.
419.286
264,094
570,803
July 1 to Apr. 3o....
129,455
118,167
17.405
May
Georgia. a...
July lto May 31.... 1,716,883 1,540,879 g534,338
20.907
90,103
97,623
Ga. South. A Fla.a June
300,667
July lto June 30.... 1,203,811 1,180,411
32.824
45,617
18.680
OilaVal.GlobeANoMay
146,478
155,504
76,978
Jan. 1 to May 31....
723,177
Or. Trunk of Can.. .May 1,933,500 1,798,695
Jan. lto May 31.... 9,120,008 8,559,376 2,909,740
20,440
328,982
346,502
Gr. Trunk West.. May
237,004
Jan. lto May 31.... 1,772,903 1,835,196
1,460
73,466
68,133
Det.Gr. H. A Mil. May
69,106
381,055
364,509
Jan. 1 to May 31....
159,687
403,195
399,364
flocking Valley. a.. May
4,217,433 3,980,959 1,696,625
July 1 to May 31
230,436
77,066
374,657
flouet. A Tex. Cent.Apr.
July lto Apr. 30.... 4,371,266 3,398,116 1,903,738
827.469
lUlnois Central ..a. May 3,173,306 2,625,499
July 1 to May 31. .33.990,026 29,840,208 10,508,597
65,308
99,536
Indiana 111. A la. b May
,146,839
483,425
July lto May 31.... 1,264,648 1,029,299
46,605
163.009
158,933
Iowa Central b.. May
437,739
July lto May 31.... 2,120,855 2,144,752
1,728
6,215
5,641
Iron Railway. b.... May
67,948
17,439
54,621
July lto May 31....
24,246
XanawuaAMloii.ii May
66.407
84,311
181,253
845,723
680,350
July 1 to May 31....
486,097
209,603
561,957
Kan. C. Ft. B. A M.a Apr.
July lto Apr. 10... 5,618,728 4,8hl,7sl 2,056,508
36,268
147,889
159.491
Kan. C. Mem. A B.a Apr.
531,778
July lto Api. bo.... 1,693,769 1,443,589
4,924
80.800
29,401
Kan. City Northw. Mar.
25,209
97,122
97,303
Jan. lto Mar. 31....
351,152
135,452
444.352
Kan. City South... aMay
July 1 to May bl.... 4,350,624 3,768,600 1,134,917
503,418
Lehigh Val. RR.a. May 2.274,323 2,071,308
Deo. lto May bl.... 13,133,154 11,944,581 2,607,090
di f.544
Lehigh V.Coal (o.a. May 1,946,723 1.466,363
Deo. lto May 31. ...10,862,621 8,518,825 df.150,273
13,671
33.161
31,876
Lezing'n A East.b May
125,008
277,042
323,662
July 1 to May 31....
16,051
53,919
Lon.flen.A8t 1. b. May
56,165
186,336
580,688
July I to May 31
606,537
764,915
Lonlsv. A Nashv.k May 2,528,279 2,260,768
26.843,863 25,565.067 9,151,402
July 1 to May bl
rtcf.719
Macon A Blrmlng. May
7,751
6,894
72,900 def ,657
101,727
July 1 to May 3i
4,162
13.417
May
12,379
Manlstlque
23,683
49,289
40,423
Jan. 1 to May 31
529,990
Mexican Centra).. May 1,614,483 1,59.1 .514
7.429,724 7,468,178 2,185.342
Jan. 1 to May 31
245,230
451,680
514.011
Mex. Internationa). May
2,473,994 2,232.558 1,123,283
Jan. 1 to May 31
735,576 C266.668
689,569
Mexloan National. May
3,266.518 3,377,772 Cl.291,878
Jan. 1 to May 3i
15,021
56,240
43,892
Mexican Northern May
243,963
576,0,9
596,506
July 1 to May 31 ...
86,638
224,136
259.001
Minn. A 8t. LouiB.a.May
2,975,158 2,605,263 1,211,970
July 1 to May 31
181.403
442,861
415,231
M.St. P. A 8. B. M.bMay
4,086,344 4,752,699 1,754,305
July 1 to May 31
205,240
851.691
Mo. Kan. A Texas. a May 1,251. 9S9
14,201,566 11,732,317 4,073,379
July 1 to May 3i
952.123
Missouri Pacific... May 2,790,636 2,417,605
Jan. I to May 31. ...13,856,499 11,963,204 4,857,060
34,482
128,925
120,053
Mont. A Mex. Gulf May
168 452
587,944
563,848
Jan. lto May bl....
181.694
575,339
640,175
Nash.Ch. ASt.E.b.nMay
July lto May 31.... 7,087,864 6,591,506 2,318.904
.
.
.
'.=
—
—
4,608,088
61,884
72
49.731
1,884
58 385
l.(
2:),779
r.828
13.731
7.174
121.407
14.365
113,819
803,186
3,430,842
105,428
417.641
25,567
221,067
84.326
387,381
871,012
9,017.064
4,657
118,249
5 J, 962
605,220
l,b74
14,538
18.258
108,204
31,111
171,166
17.126
g532,759
17,296
310,743
30,206
97.294
675,484
2,618,717
51,586
316,329
15,087
57,127
156,816
1,599,858
15,961
1,003,271
418,712
9,099,6 65
45,503
337,011
15,874
581,533
282
29,401
13,848
139,539
159,336
1,586,699
34,729
458,068
3,851
22,912
54,203
656,228
404,627
1,595,985
def.10,088
df.376,012
12,534
106,991
13.821
182,952
616.089
8,463,526
def.1,499
def.1,083
6.464
25,106
577,532
2,535,830
194.367
904,182
365,3^7
1,595,885
26,096
225,968
80,557
i oso.oae
201,859
2,436,951
1
'J
1,009
3,529,185
682,878
3,238,861
32,726
160,206
189,141
2,211,492
droit
tamxnai.
I|
Current
Year.
Year.
*
880,621
266,768
OhOotawOkl.AG.h May
73,313
Nov. 1 to May SI.... 2,772,465 1,829,102
671,307
459,609
442,479
117.076
10
Oln. N. O. A T. P.a.May
July 1 to May 31.... 4,605,016 4,712,665 1,184,495 1,315,747
31.232
27,689
H.713
Oln. Ports. AVa.b. Apr.
334
July
,
Roadi.
Nevada <>Mr.
July
1
to
I
May
..
May
81
2,763
29,'
.
Previous
Tear.
,
Net Marn\ng$
,,
Unr
8
8,073
27,
A Wett.aMay
3.155
493,522
86
4.819.M14 4,538,205 1,S
July lto May 31
i62.i
213,772
285
BT. Y.Boa. A Weat.a May
July lto May 31.... 8,291,580 8,388,844
Norfolk A Weit'n.K. May 1,343,976 1,281.591
510.923
July 1 to May 31. ...11,572,552 12,780,117 5,860,963
Northern Centra I, May
670,865
Juu. 1 t<> May 81.... 3.2H3.592 3.147.8W2
855,.
northern Pacific, b. May 3,888,878 2,4'.»7,310 1,167,368
July lto Mr, 81.. ..80,711,941 27,524,241 14,721,1
May
123,204
122,815
OhloKtvcr.b
39,351
536,936
516,511
Jan. 1 to May 31....
162,351
PaclnoOoast Compauy -See Miscellaneous Companies.
T. Oat.
lUt
87
1.714
406
169,721
PennsylvaniaLines dlreotlyoperated
East of Pitts A I. May 7.770,667 7.126,567 2,828,497 2,404,497
Jan. 1 to May 31 ..37,026,576 33,628,476 12,256,426 10,2:
.
We.stofrittH.fc 9. May
Ino. 367,500
Ino. 551,200
Jan. 1 to May 31
f 0,298
47,384
Penn. A Northwest Apr.
225, r2G
227,045
Jan. 1 to Apr. 30....
759,012
648,315
Pere MaiquetTn .. .May
Jan. 1 to May 81.... 3,530.997 3,175,897
SS9.394
552,510
Phlla. A Erle.b ... May
2,387,061 2,074,924
Jan. 1 to May 3i
Inc. 222, 2C0
633,300
17,182
20,215
1C 4,391
101,690
187,701
135,275
801,598
6yi,948
265.308
230,543
808,769
629,V.:i
Phil.WUm.A Batt.liMay 1,029,258
995,158
344,387
333.887
6,025,150 6,332,156 1,955,324 l,*-l>-,524
Nov. 1 to May 31
Pltts.C.C. A St.L.a May 1,670,012 1,567,248
417,139
317.422
Jan. 1 to May 31.... 8,161,256 7,854,728 2,161,178 1,899,779
345,743
Pltts.A Wesfl. Sys.b.Apr.
352,973
127,144
131,209
July 1 to Apr. 3o.... 3,279,025 3,083,049 1,186,465
901,737
.
ReadlDg Company—
Phlla. AReari'g.b.May
2,574,734 2,329,242
997,840
813,234
July 1 to May bl. ...25,720,336 24,441,528 8,795,228 8,885,373
Coal A Iron Co. b. May 2,840,616 1,817,801
253.226
31,627
July 1 to May 31. ...26,315,337 25,573,b91 1,933,250 1,791,265
Total both Co.'s. bMay 5,115,350 4,147,043 1,251,066
844,861
July 1 to May 31... 52,035,673 50,015,419 10,728,478 10.676,638
May
Reading Co. b
85,977
21,738
July 1 to May 31
351,500
197,484
Total all Comp's.l May
1,337.043
866.599
July lto May 3L
11,079,978 10,874,122
Rich. Fred. A Pot. May
124,953
123,040
61,197
71,168
July 1 to May 31....
960,758
885,208
375,397
397,097
Bio Grande Junot. Mar.
41,145
40,231
f 12, 343
fl2,069
Deo. lto Mar. 31....
158,920
148,087
f 47,676
f 44,426
Bio Grande 8outli. I May
42,315
44,557
20,315
16,765
July 1 to May 31...
500,771
485,468
236,305
229,736
Bio Grande West.b. May
436,65 8
368,056
164,075
120,116
July 1 to May 31.... 4,458,680 4,055,242 1,516,029 1,593,128
130,405
105,269
Bt. Jos. A Gd. Isl.a.May
47,452
21,474
July 1 to May 81.... 1,301,955 1,294,425
480,757
300,907
St. Louis & No. Ark. Apr.
13,096
7.546
1.579
3,987
July lto Apr. 30....
82,301
68,696
32,235
35, til
8t.Loui8A8anl<r.b.May
864,667
655,002
351.815
283,496
July 1 to May 81.... 9,317,662 7,341,305 3,993,280 3,037,722
8t.LoulsSo west.b.May
413,092
531,668
§153.147
§97,263
July 1 to May 31.... 6,892,185 5,488,067 §2,917,437 §1,914,854
SanAnt.AAran.F.bApr.
226.047
151,456
45.979
1,997
July 1 to Apr. 30... 2,296,975 1,865,213
690,963
469,448
San Fr. A N. Pae.a June
102,218
95,555
30,970
24,
July 1 to June 30 .. 1.039.C00
958,224
343,418
319,287
Santa FePres.A Ph. Apr.
76,455
85,003
49,775
40.9C5
July lto Apr. 30....
782,549
824,105
412,983
467,617
Sav. Fla. A West.b.May
393,461
350.608
80,637
57,693
July 1 to May 31.... 4,753,466 4,075,698 1,486,033 1,114,606
Seaboard Air Line aMay
776,271
939,431
256,478
167,024
Jan. lto May 31.... 4,845.661 4,063,671 1,538,145 1,014,774
<Mlv.gp.OoalaAU.bMay
30,053
18,614
8.872
18,112
July 1 to May 31....
200,056
260,936
101,356
153,487
South. Mo. A Ark.bJune
16,442
12,802
6,542
2,900
Jan. lto June 30 ...
103,176
81,209
39,793
24,460
Southern Pacific, a. May 17,142 131 15,402,859 12.233,856 11,527,008
July lto May 31. i.. 72,188,765 02,935,766 21,690,373 20,270,137
Central Pacitiob. Apr. 1.661,912 1.436,465
650,959
611,566
July 1 to Apr. 3o.... 16,189,715 15,515,959 6,284,840 6,060,378
Gal.Har.A8anA.bApr.
521,090
144.538
665, 3S6
73,325
July 1 to Apr. 30.... 5,687,076 5,244,287 1,025,016 1,080,993
GulfW.T.APac.bApr.
932
12,794
9,266
def. 5C4
Houst.E.AW.T.b.Apr.
44,869
8,482
11,165
61,250
Houst.AShreve.bApr.
8,045
3,667
def.86
14,047
Louisiana West.b. Apr.
104,401
56,640
146,114
28,152
590.810
345,361
July 1 to Apr. 30.... 1,431,194 1,136,428
M'g'n'sLa.ATex.bApr.
517,170
250,090
129,035
679.858
July 1 to Apr. bo.... 6,711,275 6,006,679 2,486,616 1,946,774
BT. Y. Tex. A M.b.Apr.
9,743
!46,266
11.266
32,195
70.L61
103,370
July lto Apr. bo....
255,010
242,853
15,021
Texas AN. Orl. b. Apr.
100.631
264,602
159,150
499
July lto Apr. 30.... 2.308,792 1,566,921
826,151
523,693
8o. Pao. of Cal.b.Apr.
713,657
1,795,500 1,460,914
July lto Apr. SO.... 15,820.741 14,7:0,945 6,347,292 5,760
128,199
237,245
8o. Pao.of Arlz.b.Apr.
295,728
426,379
July lto Apr. bO.... 3,632,222 3,133,425 1,912,039 1,404,006
91.174
160
179,lf9
flo.Pao. of N.M.b Apr.
251,151
930.197
July lto Apr. cO.... 1,975 6-2 1,670,561 1,200,320
611,150
570,
Southern Rallw'y.e May 2,621,377 2.475,080
July 1 to May 31. ...31,084,997 38,957,848 9,578,787 9,933.073
27,921
156,148
49.391
181,509
8t. Louis Divis'n aMay
440,613
551,945
July 1 to May 31.... 1,914,150 1,772,958
2,750
21,543
Texab Central. a. ...Apr.
53.501
1-9,L5l>
328.307
328,479
601,040
July 1 to Apr. 30....
66,192
235.582
235,9!")
Toledo A O. Cent. a May
66o
553.742
July lto May 3i.... 2,320,-93 2,114,590
19,483
19,534
92,086
ToLPeorlaA West. I Juno
88,918
371,008
278,384
July 1 to June 30.... 1,180,449 1,077,904
Onion Pac. Sya.. a May 3,619.341 3,230,382 1.403,190 1,353,337
July 1 to May 31... .39,860,123 35,950,844 17,233,840 16,279.043
-
K
.
THE CHRONICLE.
134
.
—
— —
Net Eamxngs.
PreHoui
Current
Gross Earning*.
Current Previous
Tear.
Roads.
Wabash. b
Tear.
$
1.4U.683
Tear.
$
1.292,809
31... 16,126,524 15.180.S49
*
329,23!)
4,896,390
1.163.72S
67,217
217,577
18.1,877
69,047
763.256
53,186
685.700
11,640
2 0.582
13,523
240,609
to
Pltla.e.May
May 3i
101,607
1,082.308
107.912
989,522
30.432
400.602
44.538
362.885
Wisconsin Central bMay
July 1 to May 3i
439,254
4,803,078
48«,803
5,131,»53
147,403
l,6i6 B5
172.508
1,856,340
Wrightsv. A Tenn May
July 1 to May 31
9,649
151,488
11,834
158,039
1,957
60,016
3.036
52,614
Yazoo & Miss Vai.a May
440,815
5.765,099
334.758
4,983,728
81.209
2,031,173
39,035
1,889,312
1 to
May
Jan. 1 to
May
272,350
31
West.of Alabama. b.AI a \
July 1 co May 31
W. Va.
c.
July
July
A
1
1
to
May
31
<
67,417
a Net earnings here given are alter deduoting taxes
b Net earnings here given are before deducting taxe?
c Of the balance here given there was charged off for repairs,
replacements and general expenses la May $ (9,614, leaving
$J27.t)64 applicable to interest on bonds. From January I to May
31 there was charged off for this purpose $193,811, leavinu a
balance of $i. 09s, 067. These figures are in Mexican ourrency, and are
convertible Into gold at the current rate of exchange.
d Gross earnings Include other lnoome.
e These figures are for Railway Department only.
f Thirty per cent of gross earnings.
g From July 1 to May 31, 1901, net after allowing for other iicome
was $623,678 s><*ainBt $361,199.
1 These figures include Houston A Texas Central and its subsidiary
lines and the Cromwell Steamship Line.
n Includes Paduoah A Memphis Division from July 1 in bot'i years
§ After allowing for expenditures for betterments, Det in May,
1901, was *77.919. against $69,282 in 1900. and from July 1 to
May 31, 1901, $2,646,477, against $1,643,581 in 1900.
May, 1901, taxes aim rentals amounted to $163,825,
t For
•gainst $160,177, after deducting which net for May, 1901, was
From July 1 to May 31, 1901,
$1,875,085, against $1,621,303.
taxes and rentals were $1,833,218, against $1,759,884 in 1900, after
deducting which the surplus was $lb,239,525 this year, against
$15,480,754 in 1900.
t These figures inolude Baltimore & Ohio Southwestern.
Miscellaneous Companies.
—Gross Earnings.
Current
Net Earnings.
Current Previou*
>
Previous
Tear.
Companies.
Blnghamton Gas.. .June
May 1 to June 3o
Buffalo
Oct.
Gas Co.
1 to
Tear.
Tear.
Tear.
9
$
$
$
2266
4,789
14,386
238,433
2,189
9,734
12,957
June
June 30.
O >nsol. Gas Co. .N.J.May
Jan. 1 to
May
3i
Denver Gas A Elec. Apr.
.
Mar. 1 to Apr. 30
40,662
39,796
217,458
Apr.
Detroit City Gas
Jan. 1 to Apr. 30
Gas A Electric Co. of
Bergen County. a June
Gd. Rap. Gas-L.Oo. June
Jan. lto June 3u.._
Jackson Gas-L. Co. June
Mar. 1 to June >o
Laclede Gas L't Co June
Jan. 1 to June 3u
20,013
Lowell Elec. Lt. Co. Apr.
July 1 to Apr. 3u....
14,509
151,805
15,734
1.767
3,750
8,609
247,354
1,992
7,090
24,533
55,734
37,037
12.958
132,342
Madison Gas & Elec. June
Apr. 1 to June 30
Mexican Telephone May
14,893
17,359
Mar. 1 to May 31 ...
51,902
44,603
366,348
370.983
P»oitic Coast Co..aApr.
4,240,662 4,299,839
July 1 to Apr. 3l>
Paoinc MailMay lto Apr. 30.... 3.071,166 3,817,620
St. Joseph Gas L.Oo June
July 1 to June 3o
St. Paul Gas-Lt Co. .June
Jan. 1 to June 30
1512,990 11,179,569
6,123
7.095
67,313
69,837
23,423
20,590
151338
132,726
Western Gas Co.—
Previous
Tear.
Year.
Tear.
Tear.
9
9
9
33,750
371,250
28.116
253,050
191.479
2,193,134
Ch. & 8t L (eonoL
Peoria A Eastern. May
July 1 to May 31
Olev.Lor'n A Wheel.Mar.
July 1 to Mar. 31
9
33.750
388,250
23,329
25,960
402,' 01
47,511
184,407
J163.229
18.145
336,243
28,502
160,073
199,316
11,362,246
88.263
•960.359
27,211
•5,042
•46,426
35,108
382.288
18.561
301,730
de.f. 87,525
365,032
24,581
475,301
319,315
2,957,866
25,136
145,248
32,163
367,088
01. C.
>en.
A
R.
July
Gran of, ..May
to
May
31
208,'-Gl
19
»,50
1
2,167,509 11,856,373
-01
Hooking Vallev
76,5 SI
63,553
May
July 1 to May 31....
865,534
777,1 7 s '1,179,096
ind. 111. A Iowa
May
42,380
22,928
18,292
Kanawha A Mich May
10,H>17
9,:i73
•13,948
July 1 to May 81
•69,543
117,913
99,346
Kan. C. Ft. 8. A M ..Apr.
124.2/.S
128, !> 9 7
80.806
July 1 to Apr. 30
781,*>88
1,274,940 1,204,411
San C. Mem. & B..Apr.
15,705
16,168
20,563
July 1 to Apr. 30
153,347
878,431
153, 38S
Mo. Kan. A Texas.. May
300, 3S2
282.134 rtef.95.136
July 1 to May 31
3,203,636 3,164,103
869,743
Haebv. Chat.ARt.L.May
145,711
164.560
35,983
July 1 to May 3 1 ... 1,69;*,416 1,739.191
619,488
Norfolk A West
May
192,299
187.237
318,624
July 1 to May 3 1
2,057,418 2,085,984 8,803.545
Pere Marquette
128.161
110,139
59,540
May
Jan. 1 to May 81 ...
607,027
646,700
194.571
^ltts.O. C. A St. i
May
310,408
315,259
106,731
Jan. 1 to May 3i
1,402,878 1,532,691
758 30 )
1
.
.
.
.
Reading—
A'l companies... May
July 1 to May 31
810 Grande Jnnot'n. Mar.
Dec. 1 to Mar. 3i
787,000
8,657,000
7,708
30,833
Rio Grande South.. May
17,833
July 1 to May 31
196.392
St. Jos. A Gr. Isl'd . May
8,750
July 1 to May 31....
96,250
San Fran. ANo.Pac June
21,971
July 1 to June 3o
224,513
8outh Mo. A Ark. ..June
2,917
Jan. 1 to June 3o
17,500
Souhern Pacific. ..May 2,2 36,501
July 1 to May 3 1
20,02 t, 234
roleoo AOhle vn..May
37,090
July 1 to May 81
383,618
Col. Peo.A West... June
22.750
July 1 to June 30....
277,181
*\ Va.Cen. A Pitts May
11.792
July 1 to May 3
154,088
Wisconsin Central. May
138,198
July 1 to May 3i
1,493,216
<
762,545
104,054
550,043
2,422,978
4,635
16,843
2,482
8,887,998
7.708
30,83.*
17,^83
196,8(0
8,750
96,25
23.158
226,743
2,48rt,124
4.361
13.593
def.1.218
3', 913
32.936
38,702
12,724
384,607
201,657
972
8.999
118,905
92,544
3.H25
22,298
'87,515
•5,861,680
•29.178
82,431
%3,450
•166.421
•322,638
367,214
21,895 def.3,218 def.3,412
1.203
270,263
745
21,666
18.610
22,872
248.333
246,514
114,532
•10,216
129.987
•42,729
•181,176
•425,442
1,440,265
i
•
Aiter allowing for other income reoeived.
These figures are after making deductions f a Discount and Ex"
change. After deduoting $10,000 tor Renewal Fund and Bond
Conversion in May. 1901, and $15,000 In May, 1900, the surplus for
the month is $153,229, against $84,316 a year ago; from July 1 to
May 31, 1901, the deduction for this purpose was $1 -<0,000, against
$lt>5,000 In 1900, leaving surplus for this year $1,726,373, against
$1,197,246 a year ago.
*
t
Philadelphia Company.
224,916
7.916
5,354
12 670
12,280
84,064
81,663
2,005
2,006
9,073
8,258
6*,695
78,681
503,156
476,275
5,448
3,736
51,733
48,646
4,159
4,045
14,694
12,859
8,104
6,175
23,324
18,467
66,554
79,483
918,549 1,163,943
LXXUI
etc.—* ^lial. of Net Earn's. ->
Current Previous
Int., rentals,
Current
Roads.
257,550
1.074,828
July
W. Jersey* Seash.bMuy
,
Tear.
323,786
4,121,596
I
[Vol.
June.
1900.
1901.
r—Jan. 1 to June 30.-^
1901.
1900
.
Gross earnings
182,335
Operating expenses and taxes. 137, il 1
154,263
126,938
Netearningsfr'mopera't'n.. 44,574
5,993
27,325
3,796
Otherincomet
Total earn'gs & other lno
Deductions from income •
1,718,860 1,440,463
799,948
601,632
918,912
260,365
835,831
226,475
50,567
10,816
39,751
Interest on funded debt
Dividends on preferred stock
.
Net Income of company
Companies}—
Netincome
22,156
972,679
865.708
1 7,708
16,667
17,187
16,667
106,250
99,959
103,125
99,959
34,375
Total lnoome
31,121
8,9b5
33,854
206,209
203,084
5,376df. 11,698
r66,470
662,624
1,179,277 1,062,306
206,598
196,598
Affiliated
Mllw'ee Gas-L. Co. June
Jan. 1 to June 30
36,429
262,788
35,677
268,955
After deduoting "reserve fund for repairs of steamers" there
a surplus of $167,821, against $930,189 in 1900.
68,675
22,873
572,816
439,749
Proportion to others than
Philadelphia Co
545
377
7,077
6,305
Phil. Co.'a int. In net lnoome.
63,130
22,496
565,789
433,444
1
Is
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
above or defioit below those oharges.
,
of Net Earn''».-»
Current Previous
Int., rentals, etc.—-* <-Bal.
Ourrent
Previous
Tear.
Tear.
.
Tear.
<
.
.
:
Year.
$
$
S
$
12,444 def.6,125 def.7,939
13,729
Cent. New England May
137,877
19,568 def.1.257
139,682
July lto May 81. 361,711
815,818
800,000
128,800
Ohio. Bnrl.* Unmoj May
9,025.000 8,974,001 7,316,811 7,381,170
July 1 to May 3
*61.147
126,014
*def.920
130,592
Ohio. A E. Illinois. May
•978.681
*9c5,517
1,435,320 1,398,294
July 1 to May 3i
274,281
316,997
319,000
162,556
Ohio R Isl.APae May
633,994
481,036
301,550
638,000
Apr. 1 to May 3i
70,215
48,722
29,591
51,027
Oboe. Okla. * Ouif.May
281,502
737,575
289,805
332,428
Nov. 1 to May 31
142,720
246,560
111,137
242,549
Olev.Cin.Ch.AKt. L.May
July 1 to May 3i.... 2,672,545 2,642,225 1,911,797 1,959,8 63
Roads.
•These deductions Include the following items Rentals of leased gas
interest on ourrent liabilities, Interest on consumers' cash
advances, etc
t The net earnings of the affiliated corporations only appear in the
Income of the Philadelphia Co. as they are deolared in dividends.
1 Licludes Consolidated Gas Co. of Pittsburg, Allegheny 111. Co.,
Allegheny County Light Co., Ohartiers Valley Gas Co., Union Gas Co.
of MoKeesport, Equitable Gas Co.. United Traction of Pittsburg.
lines,
STREET RAILWAYS AND TRACTION C0MPANIE8.
The following table shows the gross earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for he
latest week or month, and the last two columns the earnings
—
for the oalendar year
latest
week
from January
or month.
1
to
and including suoh
JCLY
THE CHKON1CLF.
20, 1901.]
8TKKKT RAILWAYS AND TRACTION
Latest
OB08B
Kakninob.
Amerloan
R'ys. Co. J.
9
79.737
June
Newp.
A Cov
21.^5
1.075 57B
17./53
72.201
4,268
June
City Eleo. iRome.Ga.) June
June
Cleveland Eleotrio
Oleve. Ely & West... June
.
Oleve. ritiiinv. A E. .. May
Consol. Trao. (Pitts.) May
Dart. A W'port St. Ry June
May
Denver City Tram..
Det. Rooh. Ro.AL.O. M ii v
United
Detroit
2d \\ k
Duluth-Sup. Tract. ) June
DuluthHt. Ry.... S
April
Galveston City
Harrlsburg Traotlon. June
Herkimer Mohawk II
lonAF'fefortEl.Ry.
Internaf 1 Traotlon—
May
May..
.luir
.
May..
NewburgSt. Ry
April.
New
New London St. Ry
Castle Traotlon. April.
May..
Northern Ohio Tract. June
Ogden6bu.-g St. Ry.. June
AprQ.
Olean St. Ry
Philadelphia Comp'y June.
Railways Co. Gen.—
Roads
June
Light Co's
June
Richmond Traotlon. May..
Sacramento Electric
.
.
Gas* Ry
22.548
1,546
19,614
Soranton Railway... June
Southern Ohio Tract. June
Taooma Ry. A Power June
Toronto Ry.
4thwkJne
Twin City Rap. Tran May
Union (N. Bedford).. June
Union Traotlon Co.
May
Ourrent
Tear.
377,1
vioui
Tear.
•
73.299
rt
/
It
9
355.764
17.2(11
90,682.520
1,080340 4,782.217 1,748,149
13,B.
65.4- 2
58.187
4,14)
21,834
21,768
25,005
91,744
9,918
79,958
78,055
36,5»6 34,355
164.3-42
150,226
59,927 f 2,872
310,527
285,847
29,905 25,818
142,95b
126 640
31,741 23.784
164,850
134,486
44.555 39,644 744,391
684,144
211,946 224 92 l,178.25h l,08*s,395
25,343 21,391
120,169
110,911
60,392 37,995
264,047
169,414
,7n« 15 .930
$ Ine 39, 705
510,541 t 96,925 2,786,63s 2,065,294
April
June
June
June
June
.
{
125,784 119,246 621,927
638,745
184,607 171,244 968.085 912,007
249,650 211,250 1.217,879 1,082,470
Street Kuilway Net Earnings.— In the following we shew
both the gross and the net earnings to latest dates of all Street
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns of the
different roads are published by us each week as soon as received, and once a month (on the third or the fourth Saturday of the month) we bring together all the reads reDorting,
done to-day.
— Gross Earntngs.
Current
Tear.
Previous
.
Tear.
Tear.
& Frank.
El. Ry.May
4,508
1,935
4,146
909
July 1 to May 31 ...
48,895
47,026
20,247
21,627
Intern ar'l Tr. (Buff. (May
283.403
203,389
120,993
87,903
July 1 to May 31
2,698,322 2,331,632 1,303,217 1,085,749
Lehigh Traction .... June
11.401
9.480
7.624
5,424
Jan. 1 to June 30....
59,679
52.774
£0,083
23,618
Lond'n St. By. (Can. May
10,003
3,185
7,345
674
Lorain A Cleve. Ry May
4,549
8,205
8,463
4,876
July
Eleotrio. Apr.
Apr. 30
New Castle Traot. Apr.
Jan. 1 to Apr. 30
1 to
.
Feb. 1 to May 31
Sorant.on'RallwHy. June
Julv
1 to
80. Light
.
Net
.
June 30
Apr. 1 to June 30
South. Ohio Traot Juno
Jan. 1 to June 3o
Twin
(
Itv
36.596
132,237
59.927
614,021
29,905
142,956
251,946
1,178.258
184,607
1.9J8.113
Rap.Tr. b.May
Jan. 1 to
May
3
i
United Trao.(PHt«. Juue
July 1 to Juno 30
Winnebago Traot.. June
t
.
Ourrent
,
Piermus
1'rur.
<ir.
•
9
646
746
17,163
088
196,575
1'
lc
1
155,076
1,741
50.145
1.100
18.114
18.359
55,752
1-.940
22.01 8
167
69.085
21.923
271,972
21,664
6,4 Hi
34,355
121,465
62.872
601,164
3d 266
3.943
15.874
45.728
14.741
55,937
137.605
614.594
2*
A Traot... J iino
25.818
126,640
224 927
1,086.395
171.244
l,bl6,685
91.4'
1
875,579
4.5S9
8,945
Apr. 1 to June 30
13,07 8
36.9 4 2
11.747
56.018
119.694
548,433
63.457
t03.4OO
2.9P3
8,682
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deduotlng taxes.
* Only 13 oars operated this year against 30 last year.
were $12,398, against 812.315,
1 Taxes and tolls In Jure, 1901,
and from January 1 to June 30, 1901, $"4,761, against *74,052.
Afrer deduotlng these items the net In June, 1901, was 9 30,054,
against $30 335. and from January 1 to June 30, 19tl, $148,786,
against $146,093.
and Surplus.— The following Street
Interest Charges
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest. &o., with the
surplus or deficit above or below those charges.
Int., rentals, etc.
y^-Bal.ofNet Barn's.-*
Ourrent
Previous
Ourrent Previous
4.752
63,647
6,372
79,407
8,720
32,525
6,218
75,665
9,059
34,642
1,151
8,343
1.818
34,976
1,864
5,398
Tear.
Tear.
Roads.
Cleveland Eleotrio June
Jan. 1 to June 30...
Cons. Trao. (Plttsb.)May
Apr. 1 to May 31 ...
Denv'r City Tramw May
Jan. 1 to May 31
Detr( it; UnitedJan. 1 to June 30....
Internat'lTr. (Brfl.)Mav
July 1 to May 31
Sacramento Electric Gas
Iwiv city Rapid Tr.May
Jan. 1 to May 31
United Trao. (Pitts.) June
Tear.
Tear.
9
$
20,267
118,193
63.366
126,885
31,301
156.926
9
22,207
127,344
61.743
123,392
30.985
152,838
9
71.031
345.827
1 109,644
299,322
90,686
936,336
297.588
78.250
832,212
•281,898
•38,569
'461,545
*2C 2,631
9.345
37,380
74,133
360,594
41,789
8.944
35,750
69,459
355,249
41,786
9.595
30,987
63,472
254.000
49.672
13.124
33,335
50,235
193,184
21,671
U87.076
24,419
97,179
58,758
296,251
194 013
1179,655
21.204
43,(44
•15,572
•326,520
After allowing for other income received.
These figures lnolude other income. After deduotlng $86,393 for
Interest on funded debt and dividends on preferred stock In May,
1901, and $8«,719 in 1900, there is a surplus of $23,251 this year,
t
against $7,294 last year. From April 1 to May 31. 1901. the deduction for interest and dividends was $173,034, against $173,195 in
iCOO, leaving a surplus of $14,042 this year, against $6,460 last year.
ANNUAL REPORTS.
9
Herkimer Mohawk nion
Newburg
Sacramento Eleotrio Oas
A Railway Co ... May
Previous
Tear.
17,201
11,434
7,960
82,520
36,067
31.785
1,0c 6.840
360,415
428 742
July 1 to May 81... 1 0,91:0,174] 0,646,589 3,682,280 3,311,213
Chic. <fe Mllw Eleo June
17,253
13,850
11.057
9.385
July 1 to June 30
152,959
117,966
84,633
66,558
Oln. Newp. A Cov.bJune
72.201
73,947
142,452
142,700
Jan. 1 to June 30
384,638
369,938
{223,547
J220,145
Otty ElecfRome.Ga June
4,2f8
2-8
3,006
511
Jan. 1 to June 30
20,265
19,204
2,712
3,931
Cleveland Eleo a.. June
199,696
173,820
91,298
80,965
Jan. 1 to June3o..
1,054,291
965.797
464 0.0
423,595
Clev. Elyiia& West June
22,236
16,034
12,501
9,045
Olev. Palnesv. <*> E May
13.498
J 2,820
6.915
7,204
Jan. 1 to May 3 i
..
49,700
41,413
21,507
17.017
Cons.Tr.(Pitt-b i.b.May
264,383
249,712
144,276
126,363
Apr. 1 to May 31
503,089
483,959
256,231
245,929
Denv.city Tr'n w bMay
125,244
108.375
55,723
52.1£9
Jan. 1 to May 31
560,541
487,522
254,105
195,882
Detroit United... .June
250,668
220.584
116,764
98,109
Jan. 1 to June 30
1,263,546 1,150,728
569,035
493,249
Galveston City Ry..Apr.
*8,365
•1,999
16,741
6.083
Harrisb'g Tract'n. June
37.192
16,655
31,248
12.033
July 1 to June 30
357,666
332,574
144,240
189,993
1 to Apr. 80....
Olt-an Street Rv .. Apr.
July 1 to Apr. 30
KlcliuiondTrHo' lou .May
Oct. 1 to May 31
t
9
Roads.
May
Northern ObloTrac Juno
July 1 to June 30
— Ne Earnings
Ourrent
Blnehamt'nBt Ry.bJune
21,155
Jan. 1 to June 30...
90,689
Brooklyn Rap. Tr.a May 1,075,576
Madison (Wis.) Eleotiio
Railway
Apr.
New London Bt K\ May
July 1 to May 81
—
*
is
Roads.
May
A Railway Co
Feb. 1 to May 31
These are results for properties owned
Only 13 oars operated this yea' against 30 a year ago.
t Strike in June, 1900.
iStrike In May, 1901.
S
as
Earnings.
Previous
iear.
Tear.
8
*
4.613
4,030
49.6.'
58,132
68,192
47,566
493,151
411.971
3,7.'
3.505
42.944
39,511
19,614
25,005
128,775
124,202
(irn*s
.
May
(Anderson, Ind)...
United P. ATransp..
Un'd Rys.Oo.St. Louis
United Traotlon— >
Albany City $
United Tract. (Pitts.)
United Tract. (Pro v.)
KM.
If 1 at,.
283,403 203,389 1,222,274 1.C07.490
11.401
9,480
59,679
52,774
10,007,345
8.205
8,463
4.752
18,129
446.447 442.036 1,963,1.-9 1,909,065
180,371 163.245
895 869 839,068
5,706
5,334
6,37.
6.218
22,854
23.01*
8,720
9,059
32,5. 5
34,642
4,613
4.030
17,891
15,710
58 192 47,5bK 256,10.
212,755
2,257
8,69:i
2,140
8,977
a.75(
3 f 05
14.75a
13.773
182,385 154,263 1,718,860 1,440,463
<fc
.
~9~
4,508
London St. Ry.(Oan.) May..
Lorain
Cleveland.. May..
Mad. (Wis.) Eleot. Ry. April.
Mans. Eleo. Co.'b
Montreal Street Ry
Muscatine St. Ry
I
Ourrent
1
73,947
384. H3369.938
y.oon
80.265
19.204
1<>9.696 173,820 1,054,29'
965,797
38.286 16,034
13.498 12,820
49.70c
44.413
284,38^ 249,71:; 1,185,81' 1,118,707
7,710
11.269
49.54:
43,233
125,244 108,375
560,541
4*7,522
36
15.703
July 68,4*28 49,949 1,890.804 1,253,016
38,857 38,2i;0 207,66'
•8,365 •16,741
37,192 81,249
174,077
159,867
May..
June
(Buffalo)
Lehigh Traotlon
OMF/VN
Jan.
Week or Mo <££»»' Prev'ut
Tear
June
BlnghaUlton KR
Br'klyn Rap.Tr. Co.. Via]
Chicago A Sill. Eleo. June
Oln.
<
Onus Kammy*.
limy*.
American Consolidated Pine Fibre
(Statement of April
Co.
30, 1901. J
report presented at the recent me et ing cf stockholdquoted as saying that the plants recently acquired have
been repaired and that additions are well nrjdtr vray, but
have been somewhat delayed by inability to get structural
iron.
The balance sheet follows:
BALANCE SHEET OF A.PKIL 30, 1901.
The
ers
is
Liabilities
Assets
Property, patents, etc.. $1,691,8 12
Office furniture.
1,293
Supplies
1,707
Cash
Treasury stock
..
141,975
80,000
Rent, etc, paid in adv.
—
Common stock
Preferred stock
Surplus treasury stock.
Surplus
$801,000
(-00,000
80 0t0
237,246
1,459
(par)
$1,918,246
Total
$1,918,246
directors arp as follows:
Charles P. Phelps (President), Henry E. Fanshawe (Vice -Preslden-i,
F W. Whttrldge, James I. Raymond, Harold Blnuev, Edward W.
Forest and Harmon S. Graves; William H. Reid, Secretary and
Total
The
Treasurer.
The company was incorporated
in
New
Jersey in October,
with $2,000,000 of authorized capital stock, of which
half to be 7 per cent noc-carnulative preferred, and reports
having t cquired valuable patents and all the- pine fit re uiarufacturing plants of importance in ihe country. PiLe fibre is
made from Southern pine, and is used in the mannfactnre t
furniture, mattresses, twine, rope, etc. Office, 135 Broadway, New York.
1900,
i
Diamond Match Company.
(Official
Statement.)
New York Stock Exchange states that the company'owus or controls the followThe
1,831
34,217
2,503
8,067
official
statement made to the
ing real estate:
Oswego, N. Y —Land on Lake Ontario, 600x7f0 feet, with ocmrlet©
modern match factory, buildings, four-story brick, 65x165. two-story
brick, 40x125, one-story brick, 40x125, one-story brick, 40x75.
THE CHRONICLE.
136
Barherton, O.--Mat0h factory property, 20 aores. two four wtory
btlok buildings 150x350 and 76x100 feot; machine h)i'»)> property, 2
acres, two-story brick chop, ftOx 100 feet, two story brick pattern shop,
40x50 feet, oni'-Ntory brick f nindry.
Detroit. Mk ii— Tract, 210x 150 feet, with four four-storv faotory
bulldlugs, 60x/57 feet, -10x128 feet, 60x100 feet and 50x6
feet, and
three storj building. 40x70 feet. A Iho another tract, 150x200, with
several brick buildings whloh are leaned for other purposes.
OSHKOBH, Wis- city block, 230x335 feet, with three two-story
factory buildings, 6 >x230 feet, 50x130 feet and 40x 75 feet, and block
mill producing 15.000 feet of block* dally.
Philadelphia, Pa — Four story bnok store building. 40x100 feet.
Baltimore, (Id.—Four-story brick store building 20xic>5 feet.
Louis. Mo.— One Btorj brick building, 130x:400 feet.
>
Green Bay, Wis— Complete saw
mill
National Asphalt Company.
(Statement Dec. 31, 1900.)
This company, which took over the control of the Asphalt
Co. of America and other properties late in 1901, reports to
the Philadelphia Stock Exchange as below:
IKOIIT AND LOSS ACCOUNT.
Dividends received
Paid A <phalt Co. of Amei under guaranty
General expenses
Naw
BowliDg Green Trust
registrars of stock are:
&
York, aDd Merchants Loan
Assets
&
Trust
Illinois
Company
Distilling
('Official
A
72, p. 1282.
of America.
Report as to Constituent Properties.
New York
statement furnished to the
Stock Exchange
supplies the following:
American Spirits Manufacturing Co.— Owned and Leased.
(1)
Properties Under Urn of Mortgage.— (a) Owned in fee.
Shufeldt Distillery. Chicago. 111. St. Paul Distillery. So. St. Paul, Minn.
Central Diatllery, St. Louis, Mo.
(b) Lane1 htld under lease, subject to renewal or purchase at expiration, buildings
and machinery owned.
H.H.
Lease
Lease
expires.
19
3.
expires.
Wabash
Terre Haute. 1913. Monarch Distillery, Peoria. 111.
191& Manhattan Disiillerj, Peoria,
Distillery,
Ind.
1912.
Maddox Hobart
Distillery, Cin-
nati. O.
1913.
1912.
Hamburg
Distillery. Pekin, 111
Distillery, Peeria,
111.
Accounts receivable.
Bills receivable
Cash
111.
Northern
Peoria,
Great Western
Distillery,
111.
111.
ATot Under
Lien of Mortgage— (a) Owned in Fee.
Certain vacant lands in
Woolner Distillery, Peoria. 111.
Calumet Distillery, ChicaRO, 111.
San Fran-
clsco, Cal.
Under Leaseholds.
(b)
Lease
expires.
Lease.
expires,
19 tv. Crown Distillery (no buildings),
Pekin, 111.
Bush & Browu
(2)
1913 Barker Distillery, Peoria. 111.
Distillery, Peoria, 111.
Spirits Distributing Co.— Properties
Owned.
Riverdale Compounding House, Chi- H. H. Shufeldt Keflning & Compoundcago.
111.
ing Houso, Chicago,
,
111.
The Riverdale Distillery, Riverdale.IH.
(3) Standard Distilling & Distributing Co.— Owned in Fee.
Willow Springs Distillery, Omaha.Neb. Monumental Distillery, Baltimore, MdAtlas Distillerv, Peoria,
Mutual
Distillery, Uniontown, Ky.
Terre Haute Distillery, Terre Haute,
111.
Hanover
Distillery. Peoria, 111.
Globe Distillery, Pekin, 111.
Mound City Distillery. St. Louis, Mo.
Mid Creek Distillery, Cincinnati, O.
Majestic Distillery. Terre Haute. Ind.
Indiana Distillery, Terre Haute, Ind.
Distilleries
J.
Cooke Co.,
Commonwealth,
Excelsior Megibben,
Glen Spring,
Sour Masb
W.
S.
G. Roach & Co.,
T. B. Hipy (112),
T. B. Rlpy (418),
J. P. Ripy,
Hume & Co..
John Banning &
Total
— V.72, p.
Darling.
Belle of Nelson.
William TarrCo.,
E. L. Miles,
Cedar Brook (McBrayer] Marion Co.
Mellwood,
John Cochran & Co.
Garland,
Paris
Distill. Co.
Chicken Cock.
Mattingly Co.
Blake,
(5)
J. G.
Hannis Distilling Company.
Owns the ^ount Vernon Distillery, located at Baltimore, Md., and the Han"
nisville Distille-y, at Martineburg, W. Va. Store and distributing plant at No21b South Front
St..
Philadelphia,
Pa— V. 72, p.
Kansas City (Mo.)
(i
ag
1240, 1138
Company.
The income accounts for four years past, and the balance
sheet April 30, 1900 and 1901, follow:
INCOME ACCOUNT.
1901.
incl.
1900.
Met earnings
on 5 per cent bonds
$290,310
191,783
1899.
$703,296
416,939
taxes
Int.
$853,412
372,122
286,357
191,100
$98,527
$95,257
BALANCE SHEET APRIL
J
KOI.
Plant, etc
...18,927,386
Materials, etc
81,3^8
Cash
84.333
Accts. receivable.
6i,796
J ns.e c.paid in ad.
1,542
Sinking fund
230,6.5
Total
-V. 71,
p. 438.
combinations that are absorbing the desirable coal lands in the Pittsburg district.
Our branch house system has proved to be highly satisfactory, and
while it has necessitated the reser ration out of profits of large sums
for working capital, the money so used has been a good earning power,
and the system has added greatly to the strength of our company and
to its ability to meet competition in the plate glass manufacturing
business. As the jobbing department of our business grows it minimizes the effect that low prices for plate glass would have upon the
earnings of the whole business. During the year we have added two
important branch -houses to our distributing system, namely, the
house of J E. Patton & Co., Milwaukee, Wis., and the house of Barge
&
Grose, Cleveland, Ohio.
policy in regard to the payment of the debt and the extension of
the warehouse business will, we believe, enable our company to maintain its position and earn reasonable dividends from our jobbing business evenjwhen the prospective competition becomes a fact and prices
of plate glass fall to the cost of manufacture. In order to secure for
our branch houses all the profit in the jobbing of paints and painters'
supplies, we have added this line to our jobbing business and have
acquired an interest in the paint manufacturing business of the Patton Paint Co. of Milwaukee, Wis. It will be noticed in the statement
that the floating debt has been increased. The greater part of the
money derived from this source was applied to the payment of tbe
balance of our 6 per cent debentures. As the average rate of interest
on our borrowed money during the year was but 4 per cent, a considerable saving in interest charges was thereby effected.
The company sold during the year plate glass to a total of
13,357,837 feet, a decrease of 1,189,291 feet compared with
1899.
The United State3, the report says, consumed during
the late year about 21,000,000 feet of plate glass, including
both domestic and foreign.
BALANCE SHEET DECEMBER
$9,394,073
1900.
$8,819,510
73.492
82,100
57,891
1,60
154.360
$9,169,260
1898.
281,320 $302,656
188,920
187,500
1900.
$11,504,289
1,411,672
556,258
1,930,001
$17,250,179
$15,402,220
.$10,000,000
10,000
1,040,000)
$10,000,000
747,000
837,261
782,612
182,000
5
5,935,567
8,817,955
.$17,250,179
Total
$15,402,220
-V. 72, p. 436.
Virginia-Carolina Chemical Compmy.
(Report for the year ending Jane 15, 1901. J
A printed circular permits the following comparison with
the figures furnished in the recent statement to the New
York S:ock Exchange:
PEOFIT AND LOSS ACCOUNT TEAR ENDING JUNE 30.
profits from manufacture and
sale of fertilizers
Net profits of cos. whose stk. is owned.
(?)
Net income from other sources
(?)
Net
Total net profits
Less dividends paidPreferred (8 per cent per annum)
Common (4 per cent per annum)
(Ii
1900.
1899.
$1,095,311 $462,964
367,839
85,440
76,099 121,931
*$1,7$3,935 $1,539,249 $669,635
$554,017 $311,174
267,649 173,556
$1,199,525
Total dividends
$809,525
390.000
$821,667 $484,730
$717,582 $184,905
$584,430
$92,400 $115,156
'After charging off $355,553.
30.
Liabilities—
1901.
Stock
$5,000,010
B onds
3,912,000
Accts. pay'e, inc.
70,7f2
ace. int. & taxes
Sinking fund
5,615
Undivided profits 375.676
Total
31.
1901.
Assets—
$12,099,090
Investment
2,537,366
Stocks of plate glass, &o
594,033
Material and working accounts
Cash, bills and accounts receivable, being
2,019,660
quick assets
Balance to undivided profits
Surplus
A ssets—
The report says in part:
During the year certain desirable coal lands adjacent to the property
were purchased at reasonable prices. The co.it ot natural gas for
manufacturing purposes is steadily Increasing toward the point where
It will be more economical to use coal.
The coal on the property purchased Is of high quality, thick vein, and can ba cheaply mined. We
have also purchased and are now operating a coal property at Mosgrove, on the Allegheny River. The possession of these coal properties places us in a position where we will not be affected by the coal
1901.
(Statement for the year ending April 30, 1901.)
Gross earnings
Optr. expenses,
$24,912,570
Pittsburg Plate Glass Company.
(Report for the year ended Dec. 31, 1900. J
($609,000, $1,217,608)
Union Co., Ky., Distil. Co.
Kentucky Criterion,
J. B. Waihen,
New Hodc
1,323
Total
$24,912,570
1139.1037.
Bills payable
Accounts rayable
Balance on coal property
Surplus Jan. 1, 1900 ($3,817,959), and
profit, 1900 ($2,026,608), less dividends
Distill. Co.,
&
T borne.
Co.,
8,374,114
10,414,020
11,730
14-, 363
Loss and gain
Bonded debt
J. S. Se*rcy,
J.
J. M. Saffell,
A. Keller Co.,
Latonia,
8. P. Lancaster,
Caliagban,
$5,963,020
$10,00l>,0OOi
Coin. stock Uuthorlz'd
Total
Liabilities—
Capital stock
Coon Hollow,
Big Spring,
Bourbon Co. Distill. Co.
Boone Co. Distill. Co.
Boldrick
Co.
in Kentucky.
all
fee,
C. B.
Lillard,
&
,
Crystal Spring,
Blue Grass.
Boone's Knoll,
Al'en Bradley,
Elk Run,
Anderson,
Nelson,
Atherton,
Mayneld.
Windsor.
J. N. Blakemore.
Bond *
owned in
gold certificates...
Pref. Htock (authoriz'd
Accounts payable
Bill* payable
Ind.
City.
Kentucky Distilleries & Warehouse
5%
$12,0.0,000)
Washington Street Branch, New York
Peoria Malting Co Peoria, 111 (upon
leased land at a nominal rental).
Also operates numerous distributing houses, but does not own the land or
buildings thereof.
(4)
,
$21,750,154
80,004
72,303
10,049
The
Peoria Distillery, Peoria,
191?.
1912.
31, 1900.
Liabilities'—
—
Co.,
Trust Co., Chicago. Stock
New York,
company, 27 William St.,
Savings Bank, Chicago.—V.
transfers at office of the
and
$1,323
UALANCK SHEET OK DEC.
Stocks and bonds
Maine.
The
222,676
16,676
Surplus
dally.
;
$224,000
$ .Ob.000
.
sawing 230,000 feot of lumber
Atmoi., Mass.— Leased land, 150,000 square feet, with brick block
mill of capacity of 20.00) feet of blook dally.
Kkkne and Ciiaui.es town, N. n.— Leased properties eaoh equipped
for pawing 10,()(
feet of block daily.
Factory Buildings Owned but Leased.— The following factory
buildings which are leased for other purposes: Chloago, two story
brick, 100x150; New Haven Conn., three story brick, 40x110; Ogdens.
burg, N. Y., two-story stone. 50x150; Atlanta, G;i., one-story brick,
20x215; Westville; Conn., (croup of one and two-story brick and frame
buildings covering half acre.
Pine Lands —Owns 30,000 acres tributary to OntoDaeon River,
Mich 15,000 aores near Athol, Mass.; 10,000 acres In New Hampshire
and Vermont, tributary to Charlestown and Keene; 1,000 acres in
[Vol. LXXI1I
$9,894 073
BALANCE SHEET.
1900
$5/iOn,O0O
3,8:22,000
67,519
4,
MO
275,381
$9,169,260
JuneT.5,'01. <7tmel6,'00$822,221
$1,744,525
2,04tj,597
2,569,140
4,724,714
4,898,923
Bills receivable
2.792,784
2,685,695
Merchandise inventory
525,522
1,034.232
Undivided earnings.independent companies.
1377,316
4,128,908
Investments
Assets—
Cash
Accounts receivable
July
THE CHRONICLE.
20, 1901.1
June
Steamer, steam
barren unit lighten
Plant*, ryilti a and brlnistoneand phosphate
mines and lands
Brands, tr de marks, good will, etc
Unearned Insurance
Total
Liabilities—
Cai ltal stork, preferred
Capital stoi-k. common
1ft. '<)1.
$157,178
trigs,
9,615,1
-.5S4.134
3.S4-.
3,iUH.l)00
44,298
$1
•.
000. 000 .*!n,oor,ooo
18,000,000
payable
Accounts payable
115,873
Co
Navasui Onano CO
Sulphur Milling Co
0.000
2,427,77«
2,
1.918
!.2,000
191,117
Imp. rial Fertiliser Oo
Contingent fund (bad .lebtf)
Pre tits on Investments
Undivided prints
Total
30, too
(100
1.891
•
3,17"\<>'..7
Burlington * ({ulncy
RR.—
Deeds
eying the Keokuk & Western snd tl
<$;
Knoxville brunch to this i< nipany were n'ty
The transfer i rice oi the D<-h Moinec &
i, July 11.
ville was one share of Burlington stock for
ifa
the
The> transfer price of tl a lv.
D. M. & K.
ir e
of Burlington stcck lor f< ttr shares of the K. & ",
road Gazette."- V. 72, p. 1286,
Chicago
i
(
l
$30,32-1,555 $24,203,088
Bills
8taudi< rd Fertilizer Mig.
lrt.'OO.
$i4(;,(i65
137
r
2,0. .7.717
$30,324,555 $24,262,098
,
W
—
Chicago <«reat Western Ry. Pr- risior,,
of
.r?af>».— The offioeri of this com] ut, whil<a
p; rty to tbe traffic agreement noted last we. k (see At
it'in page 81), announce that they will maintaiu the regular
rate schedule unless they find that the other roads a
regarding it. It is understood that the Chicago Ghrest v
is to have 6 per cent of the* aggregate iiaftic under a tacit
pooling arrangement. V. 72, p. 1279.
—
Chicago Indianapolis & Louiswlle Ry.— 1> > liti <>n.—
Judge Ton ey at Louisville on July 13 decided that
creafe the ant tori zed capital stock from $24,OCO.00O to $50,pany is entitled to the possession of §352,000 bonds cf the
(O0.0CO by raising the authorized common stock from $12,
Kentucky & Indiana Bridge & RR. Co. The question at
01 0,000 to $38.(00,000, the prefeired stock to remain, as now,
i^sue was whether these bondp, having been acquired by the
Of tbe additional stock only $18,000,000 can be
$12,000,000.
railway company, should be deposited by it with the trustees
issued without further action by the shareholders.
of
A circular regarding the new issue points out that of the refunding mortgage the 1897. The company brought a
determine
matter, and the coart decided
she company has acquired and now owns phosphate rock friendly suit to
there was no obligation to pledge the bonds for the benefit of
tufficient for fifty years' consumption, and has also
1 1 ci
case
of Stcck.
— Tbe shareholders
voted July 17 to
in-
i
acquired
the ownership of properties that are furnishing one-half
of the sulphur conEumed by the company in acid manufacturing.
By developing these properties it is hoped to produce
within another year as much sulphur as the com par y consumes. Concerning the cotton-seed oil business, the circular
says in substance:
Your board then took up the rrue<>tion of aramonlate supply, as your
company consumes about $2,000,000 worth of ammontates per annum. Investigation demonstrated that the best means to Mippiy ammonlates of Its own manufacturing was through the medium of cot-
Further investigation of the cotton-seed oil business
demonstated very great possibilities and profits from it as a business
of itself. But great as the possibilities of the cotton-seed oil business
are in itself, far greater are its possibilities worked in connection
with such a fertilizer business as we do, where they go hand in glove
together, bringing us into oloser touch with our fertilizer customers,
enabling us frequently to advantageously trade manufactured fertilizers for eotton-eeed, enormously increasing our means of distribution, and still further assisting us to reach the fertilizer conmmers
and upon the lowest possible freight rates.
The incorporation in the company's interest of the United
Cotton Oil Co. to take ovtr the Southern Cotton Oil Co. and
other concerns was in the Chronicle of June 29, psge 1285.
New Director.— On Wednesday Samuel Spencer, President
of the Southern Railway Co., was elected a director.
H.
Walters, Piesident of the Atlantic Coast L'ne, and J. W.
Middendorf, Vice-President of the Seaboard Air Line Ry.,
were already members of the board.— V. 73, p. 36.
ton-seed meal.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Altoona & Beech Creek Terminal RR.— Bonds Offered.—
See Pittsburg Johnstown Ebensburg & Eastern RR. Co.
below.— V. 73, p. 81.
Anthracite Coal Road p.— Strike of Stationary Firemen.
On July 16 the members cf the International Brotherhood of
Stationary Firemen (numberiDg,it is said, about 3 COOmembeie)
in ibe employ of he coal-mining companies of the Lac kawanna
and Wyoming Valle} s, struck for a reduction in the working
day from twelve to eight hours, with wages as heretofore.
Most of tbe leading companies of the Wyoming Valley and
some of these in the Lackawanna region thereupon shut
down the mines affected, and tuspended operations. The
United Mine Workers of America on Thursday refused to
co-operate with the strikers and ordered striking firemen
who are members of their union to return to work. In the
Lackawanna region a majority of the mine firemen, it is
stated, aie members of the United Mine Workers.
In the
Wyoming region, however, most of the mines are reported
—
I
some 41 collieries, employing 25,000 inen, in
Lackawanna district. In the Schuylkill and Hazleton
districts where the strike was to begin late in the week, the
idle, as are also
the
firemen are not thoroughly organized, and the action of the
Mine Workers' Executive Board, it is thought, renders unlikely an extensive shut down. The Hazleton men yesterday failed to go out.— V. 72, p. 674.
Baltimore & Ohio RR. Crimmins Suit Dismissed.— Judge
Thomas, in the United States District Court, bas dismissed
the suit brought by John D. Crimmins to establish the rights
of the preferred stock. See V. 73, p. 81.
Birmingham (Ala.) Railway, Light & Power Co.— Mortgage Authorized. The new $6,000,010 mortgage described in
V. 73, p. 1236, was authorized ty the shareholders on July 18
The Old Colony Trust Co., it is understood, is mortgage
trustee.— V. 72, p. 1236.
Blue Ridge RR.— Sold.— At the sale on July 15. this road
was purchased for $100,000 by Fairfax Harrison of Washington, D. C, and B. L Abney, of Columbia, S. C, directors of
the Southern Ry. The road, it is stated, will be reorganized
as a separate company.
Broad I. ipple Traclion Co.— Bonds.— The bonds, we learn,
are guaranteed as to principal and interest, by tbe Indianapolis Street Railway Co., which owes a controlling in'erest in
the stock.— V. 69, p. 180.
—
the refunding loan.— V. 72,
p. 775.
—
Choctaw Oklahoma & Unif RR.— Option
to Subscribe.
of voting trustees' certificates are < ffered the light to subscribe
between Aug. 1st and Aug. 15th, 1901, inclusive, on which
latter date the privilege will cease, to $2, 000, 000 voting trustees' certificates of eemitable interest in the common stock, to
the amount of one-sixth of their respective holdings-, as they
stand registered on the books of the company at 12 o'clock
noon on July 20th, 190). Tbe proceeds will be used for the
Theprefened and common stockholders and holders
Amaiillo extension, etc. See V. 72, p. 935.- V. 73, p. 82.
Cincinnati & Eastern Electric Ry.— Mortgage.— The company has filed a mortgage to the Cincinnati Trust Co., as
trustee, to secure $500,000 of 5 per cent bonds, denomination
$500 and $1,000, all dated July 15, 1901, and payable April 1,
The company pro1926, with interest payable quarterly.
poses to construct an elf ctric railroad along the Columbia
and New Richmond turnpike from the corporation line of
Cincinnati to New Richmond, in Clermont County, O.
Cincinnati Northern RR.— Big Four Interests in Contrd.
M. E. Icgalls, E. F. Osborn and Chas. F. Cox, respectively
President, Secretary and Treasurer of the Cleveland Cincinnati Chicago & St. Louis Ry. Co., have been elected to ihe
same offices in the Cincinnati Northern, indicating the transfer of the. control of the property, already foreshadowed, to
Improvements are in progress
the Vanderbilt interests.
which it is said will cost about $1,000,000.— V. 73, p. 82.
Cleveland Cincinnati Chics-go & St. Louis Ry.— See CinV. 73, p. 82.
cinnati Northern RR. above
Denver & Rio Orat.de RR.- Exchange of Stock.— See Rio
Grande Western Ry. below.— V. 72, p. 1135.
Detroit United Ry.— Consolidation Proposed.— The Ever-
—
—
Moore syndicate, now controlling, it is estimated, abut
1,000 miles of trolley lines in, around and between Detroit,
ett
Cleveland and Toledo,
etc.,
have begun negotiations locking
to the consolidation of these properties into a new corporation with capitalization of about $100,0c0.000. See statement
under '-Toledo Traction Co." in Chronicle of June 22, page
1*39- V. 72, p. 1187.
Erie RR.- First Dividend.— At a meeting of the directors
held July 17th "there was declared cut of the surplus
net earnings of the company for ihe six months ending
June 30tb, 1901, a dividend cf \% per cent upon the first preferred capital stcck," payable Aug. 30th, 1901, to holders of
record Aug. 1st, 1901. This is the first dividend declared by
tbe reorganized cempany. For the eleven months ended
May 31, 1901, the net earnings were §9,422,740, contrasting
with $9,017,064 for the same period of the previous year,
while for the entire twelve months cf the earlier year there
was a surplus over all charges of $1,663,430. The sta ement,
however, for the nine months ended March 31, 1901, shows
that the fixed charges for that period were $263 47S greater
than in tbe same interval in 18V9-00, but this increase was
The
offset in part by an increase of $55,225 in otber income.
present dividend calls for an outlay cf §718,242.— V. 72, p. 1
&
Ry—
San
See St. Louis
Fort Worth & Rio Grande
Francisco RR. below.— V. 72, p. 1237.
Hartford & Springfield Street Ry.—Securities Tucker,
Anthony & Co. of Boston, who are financing this company,
reply to our letter of inciuiry say
of
It is as yet too early to give yon full information on the securities
—
m
:
the Hartford & Springtield St.' Ry. Co., as neither the bonds Lor the
will probat ly be
stock has been issued. The amount! to
$375,000 stock and *37f\0()0 bonds; out of the pioceede of the bonds
$100,000 Enn>ld & Longtneadow Eleotrlo Ry. Co. bonds . nl y*' "**
utstandlug) are to be paid off. There are no bonds on the i.. Windsor
St. Ry. Co.--V. 72, n. 1137.
i
'
<
(
—
—
The
Cotuolidation.
Houston & Texas Central BR.
merger in this cempany of the Austin & Noithwestern. the
Central Texas, the Fort Worth & New Orleans, tbe Lancaster Tap and the Marble Falls City railroads, it is now
stated, will take place on Aug. 19.- V. 72, p. 1.
Purpose </ yew Stock Istue.—A cirIllinois Central
cular announcing to the shareholders that they will be asked
RR—
THE CHRONICLE.
138
to vote at the annual meeting, Oct. 1<3, on a proposition to
issue f 18,200,000 new stock, recites the purposes of the new
i.-sue as follows:
To provide the necessary moneys for the pnrobase of additional cars
and locomotive engines needed for the accommodation of the growing
tjaflio ou the company's linos of railway; the construction of additional second tracks, doe trucks and station and terminal facilities;
the reduction of grades and changes of alignment; the elimination of
grade crossliiKH lit dilli rent places along laid tallway lines, mid other
improvements of a permanent character, some of which purobases,
additions and Improvement! have already been undertaken, and for
other corporate purposes.
Each shareholder of record Oct. 80 will, until Nov. 27,
1901, and no longer, have the privilege of subscribing at par
for one share of such new stock for every five shares of sock
so registered in bis name, and for fractions of shares in lik
proportion; payment for the n«w stork to be made in full at
the company's offi :e on or before Dec. 18, 1901. The new
shares will be entitled to participate in all dividends which
may be declared payable after Dec. 18, 1901. Subscription
papers will be mailed to stockholders on Ojt. 17, 1901. See
also V. 73, p. 82.
•
—
Indianapolis Street
RR.— Refunding. — The company
has
issued $30u,000 of Citizens' Railway consol. 5s to retire an
equal
number
of Citiz-ns' first
mortgage
6s.
— V. 71, p.
287.
Inter-Stale Commerce Commission.— Report.— See sum
mary of report on page 117.—V. 72, p. 722.
Iowa Central Rj.—New Mortgage. — A special meeting of
[Vol. LXXI1I
but at last account-) only $ i,(i00 paid in) was obtained by the
Third Ave. RR Co. before the Metropolitan Company obtained control.— V. 73, p. 32.
1
Nevada County Traction Co.— Mortgage. -The company
mad^ a mortgage in favor of the Mercantile Trust Co. of
Los Angeles, as trustee, to secure $10'V>00 bonds to be issued
upon an electric railroad from Grass Vailey to Nevada City.
has
—
Newburg
(N. Y.) Electric llj.—Rporganiz itwn Plan.
H. Pouch, A. B. Pouch and J. B Kilshelmer have been
appointed as a reorganization committee to buy the propF.
and franchiets of the company, Htibj-ict to the first
mortgage bonds, at foreclosure sale under the second
mortgage. The committee proposes the following plan of
erty
reorganization:
A new company will
First
be organized with capitalization as follows:
mortgage bonds
$425,000
Preferred stock (uon-cumnlative)
175,000
;
stock
1 0,000
In consideration of the first mortgage bondholders allowing their
bonds to be stamped 5 per cent Instead of 6 per cent interest, the reorgantz ttlon committee will issue to holders of each $1 000 of bonds
$200 of preferred stock. The second mortgage bondholders will receive par in preferred stock, and the holdi-rs of common stock will
receive 50 per cent In common ctoek. The committee also agrees that
no dividends shall be paid on either class of stock for three years, but
that all earnings over and above op -rating expenses and fixed charges
shall be used on additions and betterments to the road.
For the faithful performance of their agreement, the committee has
executed a bond of $50,000 with W. H. Pouch and E. D. Pouoh as
Common
the stockholders has been called for July 31 to authorize a
securities.
new mortgage
The above plan will not be operative unless 80 per cent in
interest of the first mortgage bondholders deposit their bonds
with the Hamilton Trust Co. of Brooklyn before Aug. 15,
for $25,000,000
The new mortgage
will pro-
vide for all the outstanding obligations of the company and
for future requirements. The bonds will be fifty year 4 per
cents, maturing March 1, 1951; Morton Trust Co. of New
York, trustee.
this authoriz ition $3,000,000 of the new bonds will
sold, of which the proceeds of $1,115,000 will be used to
retire the K>ithsburg Bridge bonds, whijh are redeemable on
€0 days notice at par and interest, and also to retire the
Under
be
&
$555,000 outstanding Iowa Central
Western bonds, which
latter will be deposited with the trustee as additional security under the new mortgage.
The balance of the proceeds
from the sale of the $2,000,000 of bonds will be used for
equipment and the cutting-down of two or three heavy
grades.—V. 72, p. 1080.
Jersey City Hoboken
—
& Paterson Railway Co.— Con-
solidation. The shareholders will vote July 25 on a prop
osition to absorb by consolidation the North Hudson County
Ry., now controlled by stock ownership— V. 6), p. 10 12.
Lake Street Elevated RR. of Chicago.—Limitation of
Mortgage Provisional. The limitation of the mortage to
$6,000 OoO, already referred to, is shown by the terms of the
agreement which follow, to be subject to change if requested
by the Northwestern Elevated RR. Co. (the guarantor), and
—
the trustees:
The party of the
first part hereby covenants and agrees that It will
not issue or cause to be bertified by the trustees under said mortgage
or trust deed any bonds Id addition to those at the present date issued
and certified by the trustees except bonds to the par value of $140,000 [making $6,000,000 in all] unless the Northwestern Elevated BR.
Co. shall file with said trustees its consent in writing to an issue of
other and additional bonds.— V. 73, p. 32.
Lehigh & New England
extension
is
RR.— Projected
said to be projected
Extension.—An
under the charter of the
from Pine Island to Corn
Campbell Hall Connecting RR
wall on the Hudson, a distance of 32 miles, paralleling for a
part of the way the New York Ontario & Western. The
19)1.—V. 72, p. 137.
New Orleans & Carrol (ton RR.— Consolidation Approved.
At the meeting of the company's shareholders on Jnly 9
13 070 shares of the 14,000 issutd were voted unanimously for
the plan of consolidation, whereby tbe Edison Electric Co.
and tbe Merchants' Electric L ght Co. will pass under the
control of a new company to be known as the N*-w Orleans &
Carrollton RR. L'ght & Power Co., in which the Carrollton
Company's management will dominate. S -e plaa in V. 73, p. 82.
;
New
See
Orleans
New
Orleans
&
&
Carrollton RR. Light
Carrollton
& Power Co.—
RR, above.— V.
73, p. 82.
New York New Haven & Hartford RR.— Contract.— The
company on July 12 signed contracts for the elimination at
Bridgeport, Conn,, of thirty three public and private crossings, the construction of granite viaducts and new roadbeds
for four tracks.
The amount involved is said to be about
$3 030,000. The contracts for the new station and the rolling
life bri tge will be let in a few weeks.
The city of Bridgeport will pay $100,000 of the cost for the improvements,
which are to be completed in the course of 1903 The company intends also shortly to double track the Naugatuck
Division from Naugatuck Junction to Waterbury and to
build new stations at Derby and An30nia.— V. 72, p. 936.
—
Northern Pacific Ry. Harmony Prom sed New Directors Representing All Interests.— Agreeably to the understanding reached last May (V. 72, p. 1080) between the
Northern Pacific and Union Pacific interests, under which
the composition of the Northern Pacific board was left in
the hands of J. Pierpont Morgan, the latter on Wednesday
sent the following letter to Kuhn, Loeb
Co., James J. Hill
and E. H. Harriman:
&
Gentlemen: I q accordance with the memorandum signed
by you under date of May 31, 1901, under which the compowould not be particularly sition of the board of directors of the Northern Pacific RailInjurious to the Ontario & Western Company. The road, if con- way Company to be elected at the next annual meeting was
structed, would not pay, and I doubt if financial people can be found left in my hands, I beg to advise you of my conclusion a3
who would provide funds for paralleling any existing railway or assume such a risk with almost a certainty of losing their money. The follows:
I nominate the following gentlemen as the new members
Lehigh & New England may be for sale, but this company does not
want it.
of the board to fill the vacancies to be created:
Lehigh Valley RR.— Chairman of Board.— Director Eben
Mr. James J. Hill, President of the Great Northern RailB. Thomas was on Wednesday formally elected Chairman of way Co.; Mr. E. H. Harriman, Chairman of the Executive
the board. Mr. Thomas is also Chairman of the Executive Committee of the Union Pacific Railway Co.; Mr. William
Committee of the Erie RR., but as he already held the same Rockefeller, director of tbe Chicag") Milwaukee & St. Paul
position in the Lehigh Valley bis appointment as Chairman Rail way Co. Mr. H McK. Twomoly, director of the Chiof the board, it is stated, is without special significance.— cago & North We- tern Railway Co.; Mr. Samuel Rea, ViceV. 72, p. 722.
President of tha Pennsylvania Railroad Co.
And I would suggest that the attention of the board be
Lehigh Valley Traction Co.—Bonds Listed in Philadelcalled to the advisability of arranging for these gentlemen
phia.—The Philadelphia Stock Exchange has listed the
$3,000,000 first mortgage 4 per cent gold bonds due Dec. 1, to assume their duties as directors of the company as soon as
possible without waiting the annual election.
1929.-V. 73, p. 82
It is my opinion that a board thus constituted will contain
Manhattan (Elevated) Ry of New York.— Electric Opera- within itself the elements best adapted for the formulation
ation Delayed. In consequence of unexpected delays in the of the plan referred to in said memorandum in connection
construction of the large dynanns and other equipment, the with Mr. William K Vanderbilt, named therein as referee.
electric train service, it is announced, will probably not be
Every important interest will have its representative, who
put into operation until the first of next year.— V. 72, p. 988. will be brought into close touch with the situation as a
Metropolitan Street Ry. of Kansas City.—Four- Cent whole, and there should be no difficulty in reaching a conFare Ordinance Deflated— Alderman Peck's ordinance re- clusion that will be fair and jast to all' concerned and tend
quiring the company to sell commutation tickets at six for a to the establishment of permanent harmony among the difquarter, or twenty-five for $1, was passed by the board of ferent line^. To this end I shall ba glad to cooperate in sush
aldermen on May 28 unanimously, but on July 1 was voted manner as will seem desirable. I am, gentlemen, very truly
down by the lower house of the City Council, the vote being yours,
J. PlERPONT MORGAN.
5 for and 7 against.—V. 71, p. 1311.
Harriman interest is quoted as sayA representative of the
Metropolitan Street Ry. of New York.— Line to Kings- ing: "The terms are entirely satisfactory to all sides. They
bridge.—The new line from 166th Street and Amsterdam are in fact jast what Uoim Pacific representatives asked for
Avenue to Kmgsbridge is now under contract, and it is ex- in the b 'ginning. Mr. Vanderbilt came into the controversy
pected will be completed next fall. The franchise for the at rather a late time when a settlement had been practically
Kingsbridge Ry. Co. (capital stock $1,003,003 all subscribed, agreed upon. He will continue as arbitrator. Mr. Morgan
President of the latter company says:
& New England, but
I don't know anything about the Lehigh
allel line between Pine Island and Cornwall
a par-
;
—
July
THE CHRONICLE.
20, 1901.]
sham ok in Valley A: I'ottsville By.—Payment of Bunds.—
lhr $2,000,000 of 7 per cent bonds due July 1, 1901, are betas
paid off as rapidly as presented Mid have nearly all been reined.
No information as to tbe m curitto to be issued in
heir stead ii obtainable at this time.
Sutter Street (Cable) Ky. of Sao Francisco. R*p
urSale.
The Baltimore syndicate, which not
8 >n Francisco A: San Mateu Electrl
rty, and
lernegotiating for the purchase of tbii
vns
d hss finally secured control. The Batter Street
K.,
lofthe
hble line over 12 miles long
about l" nil s in length. These roads, with the
irt
Francisco & San Mateo, will give the syndicate poM
miles.—V. 69,
sion
f lines with a total trackage of abjut 5
we all expected him to do, in the most gr
way possible."
The election of the new directors it is understood will tike
pltce within two or three weeks.— V. 72, p, 1081,
Northern Pacific Terminal Co.— Called Bond*.—Twenty-
has done what
.
ful
i
three (§23,000) first mortgage bonds of 1883 bare be n called
for the sinking lund, and will be redeemed by the Farn
L^an & Trust Co. at 110 and accrued interest on An^. 9, at
which date interest will cease.— V. 72, p. 137.
Ottumwa
—
(
la.) Electric
& Steam
—
I
So.-- Extension of Fran-
chises New BotkIh.—A press dispatch ttates that at a municipal election on July 8 it was voted to extend for twenty,
five years the francbi-es of this company, which operatis the
local street railway and electric lighting and steam heating
plants. The company, it i^ slid, proposes to issue bonCs for
improvements.— V. 70, p. 743.
Pittsbnrc Johnstown Ebensbnrg & Eastern RR.—
Status -Offering of (1 tuiranteed Bonds.— The guaranteed
rminal bonds of the Altoona & Beech Creek Terminal UK.
t
Co., which, as stated last week (p^ge 81), were offered by C.
Franklin Seeiuger, 937 Drexel Building. Philadelphia, are
dated Jan. 1, 1901, and are due Jan. 1, 1931, principal arid
The
interest being payable without deduction for any tax.
following facts have been obtained from an official of the
guarautor company:
The P. J. E. & E. RR. Co. has 34 miles of road In operation from
Frugality. Ph., to Pluilii>sburg .Pa.. where it makes a connection with
the New York Central RR. The capital is $1,500,000, of which $1,200, -<C0 has been paid In. The company has no outstanding bonds,
neither has it any notes outstanding nor Moating debt exoept monthly
current liabilities. The only obligation Is the guaranty of prlnolpal
and Interest of $150,000 Altoona & Beech Creek Terminal RR.
per
cent SO year gold bonds, which road It leases for 999 years. The
E. & E. BR. at present owns and has In use: Five locomotives, 12
P.J.
passenger cars, 2 caboose and road cars and 300 coal oars. The last
>
ft
annual statement issued, which is for the year ending Aug 31. 19i0,
showed the following results: Gross receipts, $65,469; operating expenses (including all salaries and office expenses), $43,073.
The company has under construction 14 miles of road from Frugality, Pa to Juniata, which will be completed during the next sixty
days, where ooDneotion will be made with the Altoona & Beech Creek
Terminal RR. for an entrance into the City of Altoona, Pa.
Directors: John F. Finney, Chairman;
W. Allen, S. P. Langdon
8. B. McDowell, J. A. Baker and L G. Dutton.
,
I
Sm
<
p.
I
907.
Northwestern By. Committee.—
'lex. 8 S.ibine Valley
The bondholders' protective o jmmittee consis'8 of Lewis V.
«fc
I'.
Ilindolph, President of tbe At'antic Trust Co., Rineell
Sige, George H. Church and E. C. M. Rand. No plan of reV. 71, p. 848.
organization has yet been formulated.
Toledo Fremont ft Norwalk (Electric) RR.— Purchased.
The Everett-Moore syndicate closed tbe contract for the
purchase of this property at Detroit on July 11. The purchase, it is stated, is for cash, a considerable sum beiug paid
down. The option of the syndicate on the Detroit RochesLake Orion Electric Ry. expired July 10, but
ter Romeo
The ''Detroit Tribune"
it is supposed to have been renewed.
says the syndicate also contemplates purchasing the Saginaw
Suburban Ry. (see page 79 of Street Railway Supplement).
—
—
&
-V.
72, p. 1281.
—
Union Pacific RR.— Conversion of Bonds. According to
official figures, upwards of $8,000,000 of the convertible 4i
bave been exchanged for common stock. The amount of
bonds converted into stock has increassd something like
during the last few weeks.— "Wall Street Journal."
f 6,000,000
-V.
72, p. 1239.
.
Wm
The company was organized under the laws
INDUSTRIAL. WAS
AND MISCELLANEOUS.
,
of Pennsyl-
vania, Sept. 14, 1897.
Portland (Me.) RR.— Mortgage.— The company has filed a
mortgage in favor of the Portland Trust Co., as
trustee, to secure $3,000,00) of 3% per cent gold bonds due
July 1, 1951, bu", subj-ct to call at par on or after July 1,
Further facts follow:
1931.
Albemarle & Chesapeake Canal Co.
—
—
1st consol
Of the $3,000,000 first consols authorized, there are Issued, and to be
Issued this year, * 1 .lOO.OuO for the purpo e of paying for the Portland
&. Yarmouth Street RR.. building some 18 or more miles of track,
from Portland to Saco, with a branch to Old Orchard; paying for the
Westbrook Windham & Naples road, and building an extension from
same to Gorham. Maine; besides numerous other Improvements in the
city proper in the way of extensions, double tracks, new oar barn,
and taking up a II >ating debt of something over $100,000.
This will leave $l,9u0, n 00 bonds in the trustee's hands, of whioh
$1,000,000 are reserved specifically for taking up $500,000 first mort4 >«a of 1913 and $i00 000 Portland & Cape Elizagage Portland
beth firs: mortgage 5s of 19i5, the remaining $100,000 of bonds to be
used for any refunding and payment of premium, If same are paid before maturity. There Is no intention at present, however, of disturbing these mortgages There remains, therefore, a final amount of
$900,000 bonds, which are left, as per the terms of the mortgage, in
the trustee's hands, for any future Improvements, or extensions, if
same are found advisable.
The present debt, therefore, on the road Is $i00,000 first mortgage
4ias of 1913; $400,000 Portland
Cape Elizabeth 5s of 1915, and
$1,100,000 first consolidated 3^8 of 1951. Practically all of the
stocks of the Portland & Cape Elizabeth, Portland & Yarmouth and
Westbrook Windham & Naples railroads, together with all of the
$350,000 first mortgage bonri s of the Portland & Yarmouth RR., are
owned by the Portland RR Co., and held in trust as additional security for these consolidated bonds.
Coupon Paid.—The
July coupon was paid at maturity. See V. 72, p. 1035.
American Cotton Oil Co.— Competition.— See report of
V. 71, p. 1011,
Virginia Carolina Chemical Co. on page 136
1019.
Bell Telephone Co. of Canada.— Bonds.— The company
has sold $350,000 of the $2,550,000 additional bonds authorized
by the Canadian Parliament and referred to in the last report (see V. 72, p. 628). This sale makes $1,550,000 bonds
outstanding, all debenture 5 per cents, due April 1, 1925.
V. 72, p. 628.
Bristol (Tenn.) Gas & Electric Co.— Mortgage.—The company has made a mortgage for $100,000 in favor of the New
York Security & Trust Cj., as trustee. The proceeds, it is
said, will be used for improvements, extensions, etc.
Rl
Brooklyn Wharf & Warehouse Co. -Successor.— Seel New
York Dock Co. below.— V. 72, p. 1190.
Butte (Mont.) Electric & Power Co.— Bonds Offered.—
Rudolph K'eybolte & Co. of Cincinnati, New York and Chicago, and E. H. Rollins & Sons of Denver, Boston and San
Francisco, are offering at 101 and accrued interest this new
company's $1,000,000 of 5 per cent first mortgage sinking
&
fund gold bonds, dated Jane 1, 1901; denomination, $1,000;
interest payable Dec. 1 and Juoe 1 at the office of the United
Spates Mortgage & Trust Co. of New York, the mortgage
trustee.
In addition to having a sinking fund, the bonds fall
du^ as follows: $10,000, June 1, 19 <2; $10,000, June 1, 1903;
At the close of the present calendar year the total mileage $15,000, June 1, 1904; §20,000, June 1, 1905; $25,000 due each
year from June 1, 1906, to June 1, 1930; $32 ',000 due Jane 1,
will be about 90 miles. Toe present issue, $1,100,000, was
1931.
Tbe companies merged are: Brush Electric L'ght &
recently bought by the Portland Trust Co., aud between
Power Co., Silver Bow Electric Light & Power Co., Pboenix
$900,000 and $1,00 \0C0 of the bonds have already been sold.
Electric Light
—V.
Co.
68, p. 381.
Rio Grande Western Ry.— Exchange of Preferred Stock.—
The Denver & Rio Grande RR. Co. announces that until Oct.
1 it will give in exchange at its office, No. 195 Broadway,
eleven ($1,100) snares of its own preferred stock for each
ten ($1,000) shares of the preferred stock of the Rio Gran le
Western Ry. Co. The preferred stock of the latter company
is $7,500,000.
The $10,000,000 common stock nas practically
all been sold to the representatives of the D. & R. G. at $80
per $1C0 share, the bankers negotiating the sale, however,
receiving 6% per cent of the proceeds.—V. 72, p. 1280
St. Louis & San Francisco RR.— Op rated Line.—The
Fort Worth & Rio Grande RR. is now operated a* the R'O
Grande Division, the control having recently passed to parties interested in the St. Louis & Sin Francisco, the following officers being elected: President, B. F. Yoakum; Vi^ePrefident and General Superintendent, W. B.King; Secretary and Auditor, J. S. Jones; Treasurer, L O. Williams.—
V.
73, p. 83, 32.
San Francisco & North Pacific Ry.— Culled Bonds
circular contains the following data:
Capitalization— Capital stock outstanding, oommon, $1,500,000;
preferred, $1,000,000; first mortgage bonds. $1,000,000. Additional
bonds for further properly acquirements (at a rate not exceeding
75 per cent of the actual cost thereof) can be authorized on application by the board of directors and certification by an expert selected
by the board and approved by the trustee. Beginning May 31, 1916, a
sinking fund of $ 0,000 per year, up to and Including May 31, 1931,
has been provided. For any future bonds issued a fund will be
established to retire at least one- quarter of such bonds at maturity.
Provision has been made for an Increase of the preferred stock on a
two- thirds' vote of all outstanding stook.
Results for the year ending May 31, 1901: Gross earnings, $336,231; operating expenses, $147,147; net earnings, $189,083. The interest on $i,00Cy>00 S per bonds calls for $50,00 ?; surplus earnings
on this basis, $13 ',083. For the protection of the present tir.'perty
the amount of $25,0u0 is reserved each year, to be used, at the discretion ot the director*, to maintain the plants and equipment lu their
present modern and effi -lent condition. For luture acquisitions equiPopulation served in Butte
table reserve funds will be eet aside.
a? d environs nearly 50,< 00.
The company is The outgrowth of various companies hereto 'ore operating in Butte, all of which have been taken over by the present
hi pany, their plants, franchises and bus uess having been entirely
adsorbed. The oldest of these companies beg«n operation lu 1882.
The Butte Eleotrie & Power Co. Is lu complete control of all central
<
—
Twenty-three ($23,000) 1st mortgage bonds of 1889 have been
called for the sinking fund and will be paid at 110 and interes'
upon presentation at the office of the Mercantile Trust Co.,
this city, on Feb. 8, 1902, at which date in erest will cease.—
V.
A
71, p. 339.
San Francisco & San Mateo Electric Ry.— See Sutter
Street Ry. below.— V. 72, p. 873.
he. City of Buite, Mont., and Its environs.
has a perpetual franchise and a contraot for city lighting with the
City of Butte haviug ten years to ran. but b»- far the largest part of
its revenue is derived from a substantial miscellaneous business. The
company begins with $100,000 cash In Its treasury. The plant la
modern and In first class physical condition, and adequate to supply
the needs of the ooiumunitv It serves with electric light and power.l
Directors— C. A. Coffin, President of General E eotrlo Ij; C. W.
Wetmore, President of North American Co., Arthur Turubull. \ loe-
station electric lighting for
It
1
THE CHRONICLE.
140
President, of United States Mortgage it Tniht Co., all of New York;
Samuel Garr and K. W. Rollins, of Boston; Rudolph Kle.vbolte,, II. W.
Turner, Henry Mueller, ex Mayor of Butte, and K. K. McLaren, of the
Corporation Trust Co.. Jersey City.- V.
I'l
,
p.
1190.
[Vol. LXXI.I,
Lantern Milling & Export Co.— Bonds Offered.— The
underwriters are effering at 101 and interest, through the
Union Trust Co. of Philadelphia (the mortgage trustee) and
other inatitutionp, the unsold balance of the $800,000 first
mortgage 5 per cent 80 year tax-free londs; interest payable
Carnahan Tin Plate & Sheet Co.— New Enterprise.— This
company was incorporated in New Jereey early this month
with $500,( 00 of authorized capital stock, to own the new January and July; sinking fund, 1 per cent per annum of
total is- ue.
The bonds are a first mortgage on 25 leading
tin i late and sheet mills now under construction at Canton,
flour mills situated in Eastern Pennsylvania and Maryland.
Ohio. The plant will corsist of a ten and pofsibly a twelveA list of these mills was given in V. 72. p. 778, but from it
mill plant. The company expects to begin manufacturing
The New Jersey office is in the should be omitted Foresman & Kelsey, Lcck Haven, and to
latter part of this year.
the
Corporation Trust Co. Building, Jersey City. Members of it should be added the following:
Mountain City Milling Co., Frederick Md.; Penn Milling Co.,
the Aims of the Berger Mff. Com par y, Carnahan Tin Plate Hfinover,
Pa.; Seaboard Mill, Readlntr,
& Sheet Co. and the Stark Rolling Mill Co., all of Canton, ing Co.. Columbia, Pa.; Gocbsauer Mill,Reading, P* Colombia MillCarlisle, Pa.: Lakevlew MillWetter Mfg. Co. of Memphis, Tenn., have also ing Co., Chambershurg. Pa Moul Mill, it ton, Pa A. O. fi'xtshall
and the H.
organized the Carnahan Stamping & Can Co with $300, 0C0 Co.. Lansdale, Pa.; T. H. Moorbead's Mill, Last Waterford, Pa Stony
Creek Milling Co., Norrlstown, Pa.
capital ttock, to take over the stamped and pieced tinware
Tbe total daily capacity is stated as 8,000 barrelp. Estidepartments of the H. Wetter Mfg. Co., which will be remated earnings— Profit on 2,000,0(0 barrels at 20 cents per
moved to Canton ana enlarged.
barrel, $400,010; fixed charges on bonds (including sinking
Chicago Junction Railways & Union Stock Yards.— Half- fund), $18,000; estimated net earnings, $3S2,000.
Year's Business.— The receipts at the stock yards for the first
Tbe officers and directors are:
half of the year compare as follows:
President, W. G. Audenrled Jr.. Philadelphia; Vice-Presidents, H. C.
Horses.
Oars.
Niles, York, and
Calves.
Hogs.
Sheep.
Newton Jackson. Philadelphia; Seretary, A. J.
Half Year. Oattle.
;
<fe
.;
;
;
,
1901
1,396.471
1,273,224
1,188,359
72, p. 389.
1900
1899
87.002
74,857
78,978
—V.
Chicago Tin Plate
company
is
4,002,483
4 137,550
4,242,231
1,720,906
1,683,8.*3
1,792,099
66,117
9.576
66,326
f
139,066
134,858
133,542
& Can Co.— New Enterprise—This
7 per cent cumustock, all in $100
being organ- zed with $1,000,000
lative preferred and $1,500,000 common
shares. Subscribers to the preferred receive an equal amount
of common as bonus. It is proposed to expend $700,000 in
the building in or near Chicago of a plant with a capacity of
450,000 boxes of plate and 400,000 tin cans. Among these interested are O. S. A. Sprague, A. A. Sprague, H. N. Higinfcotham and P. B. Kimberly, all of Chicago.
Clnett, Peabody & Co. of Troy.— Increase of Stc eh.— This
company, recently incorporated at Albany with $2,000 000
authorized capital stock, to manufacture shirts, collars, enffs
and pajamas, has filed with the Secretary of State a certificate of an increase of its capital stock to $5,000,000. Of the
stock as increased $2 416,000, it is stated, is to be preferred
stock and $2,584,000 common stock. Robert Cluett is Chairman and Robert Cluett Jr. Secretary. The directors are:
George B. Cluett, Robert Cluett. Howard P. Kennedy, Walter H.
Cluett, Robert Cluett J>\, G. Alfred Clnett and E. Harold Clu tt, Troy;
E. J. Peabody and P. F. Peabody, Chicago; G.W. Statvelle, Philadelphia.
Colorado Fuel & Iron Co.— Option to Subscribe to $10,000,000 Convertible Bonds.— Stockholders of record July 30,
1901, are offered the privilege until 3 p. m. Aug. 1 of subscribing at par for the new $10,000,000 5 per cent convertible
bonds to the amount of one($l,000) debenture for every twenty-five (25) shares of stock held.
Full particulars regarding
the debentures and the purposes for which they are issued
were given in the official statement on page 990 ot Chronicle
for May 18; see also issue of June 29, page 1284, for statements
to New York Stock Exchange regarding the property.
The subscriptions for the debentures are payable at the
office of Blair & Co., 33 Wall Street, New York City, as follows, viz.: $500 upon each debenture at the time of making
the subscription, on or before Aug. 1, 1901; $250 on Nov. 1,
1901, and $234 38 (being the amount remaining payable on
each debenture after adjustment of interest) on Feb. 1. 1902,
the first coupon maturing Feb. 1, 1902, being cut off and
canceled. See advertisement on another page.
Authorized.— The shareholders on July 13 duly authorized
the increase of the capital stock from $25,000,000 to $40,000,000 and the issue of $15.0(0,000 5 per cent convertible debentures, present issue $10,000,000, to be subscribed as above
stated.— V. 72, p. 1283, 1284.
Colts Arms Co. of New York.— Property.— This new company, having purchased the entire $1,000,000 capital stock of
the Colts Patent Fire Aims Co. of Hartford, Conn., has come
into possession of property described as follows:
Manufacturing property and land bordering on the Connecticut
River, a large wharf, storehouses, etc, and about $900,000 of cash
and stock in process, of which $700,000 is cash on deposit with the
various banks ar-d trust companies in Hartford.
All the $2,500,000
V.
new
capital stock is outstanding.
See
73, p. 34.
—
Diamond Match Co.— English Consolidation. The shareholders of Bryant
May of London on July 15, ratified the
purchase of the business of the Diamond Match Co. of LiverPresident Barber of the American Company, who made
pool.
a speech advising the purchase, is quoted as saj ing at the
close of the meeting:
••It was not our fight, but that of Bryant * May.
We had demonstrated in the North of England that American machinery and methods were able to produce twice as many matches at 'he same cost as
&
our British competitors could produce. We of the Diamond Match
Co. felt we could make the deferred shares of Bryant & May as good
as the preferred. While the British people hold a majority f the preferred shares, we have taken up a majority of the deferred. We have
great confidence in Mr. Bryant personally, and rather than enter
upon a hazardous competition we believed it would be wise to combine. This has been practically accomplished. Great Britain will
have better and cheaper matches than ever, aid the matches will be
(
virtually of
American manufacture."— V.
—
73, p. 84.
—
East Boston Gas Co.
Dividend Reduced.
The semiannual dividend paid this month was only 3J^ per cent, contrasting with 4 per cent last January, and with 5 per cent
semi annually from July, 1£97, to July, 1900. The stock is
$220,000.
Toomey, New York City; Treasurer, D. R. Locher, Lancaster.
Direct< rs— C. H. Locher, LanoaBter; C. L. Harper, Philadelphia; P.
Russ, Harrleburg; E. K. Freed, North Wales; J. F. Fluney. Phlladel&bia; E. T. Moul, York; D. E. Small. York; Norman Grey, Camden,
J E. H. Laubach, Northampton, H. N. Gilt, Hanover.— V. 73,p. 84.
,
;
Edison Electric Illuminating Co. of Boston.— Majority
of Stock Deposited.— A majority of the stock of the Boston
Electric Co. has been deposited under the plan of consolidation.
The success of the plan is therefore thought to be
assured.— V. 72, p. 1283.
This company has
Eldorado Lumber Co.— Mortgage.
mortgaged its property for $300,000 to the California Safe Deposit & Trust Co. of San Francisco as trustee.
Elmira Steel Co.— Scld.— The property was sold at auction
on July 18 and purchased for $106,000 by H. H. Ginsberg,
representing the Girard Iron & Metal Co. of Philadelphia
and Buffalo— V. 72, p. 90.
Excelsior C< ke & Gas Co. of Topeka.— City Council Reduces Rates.— Tbe City Council of Topeka on July 8 voted to
reduce the price of gas for illuminating purposes to $1 per
thousand cubic feet, and on bills of 30,000 cubic feet per
month to 90 cents per thousand cubic feet. Mayor Hughes
is expected to sign the measure.
Flat Top Coal Land Association.— See Pocahontas Coal
Co. below— V. 72, p. 1283.
General Carriage Co.— Reorganization.— A reorganization
committee, it is stated, will shortly be appointed to re-adjust
the affairs of the company and reduce, it is understood,
the capitalization. V. 72, p. 991.
General Elect- ic Co.— Restoration of Capital Stock.—
director and a former member of the executive committee
—
—
lately said
There has been no recent move toward restoring the capital of the
to the old amount; but the directors have given considerable
attention to the supject, and wben the plans are fully consummated
an announcement will be made to he stockholders. While I am not
authorized to speak by the Board, I can state positively, I think, that
there will be no subscription for new stock, but merely a distribution
oompany
1
among the stockholders of new stock in proportion to the amount of
their holdings. This might prcperly be referred to as a stock dividend
although in reality it amounts to nothing more than returning to the
stockholders what was taken away from them. Whether cr not it
would be possible to restore at one time the full amount of stock is dependent entirely upon the amount of the company's surplus. Stock
can not be issued under the laws of the State of New York to an
amount in excess of the surplus. In my opinion the present price of
the shares represents the actual intrinsic value of the stock
consideration of the earning capacity of the company.
itself
in
The surplus on Jan. 31, 1901, stood at $6,629,181, having
been increased $4,276 150 during the year ended that day.
The earnings for the current year are understood to be larger
than for 1900-01; consequently the surplus of July 31 probably stands at over $8,750,000. The capital stock supposing
to
all debentures to have been converted is $25,242,k00;
restore the entire 40 per cent reduction in the face value of
the shares as scaled in 1898 would of course require a distribution of C6% per cent.— V. 72, p. 1283.
Georgia Telegraph & Telephone Co. of Savannah. Mortgage.— This company, organized in May, 1899, with $200,000
authorized capital stock, has made a mortgage to the Oglethorpe Trust Company, as trustee, to secure $100,000 of 30year 6 per cent bonds.
Gila Water Co.— Mortgage.— The company has filed at
Phoenix, Ar., a mortgage for £500,000, to the American Trust
& Saving Bank of Chicago as trustee. A press despatch says:
The property covered includes 40 miles of main canal, 65 feet in
width. 70 miles of lateral ditches, an incomplete 2,100 foot dam across
the Gila River, water power privileges, and water rights on approximately £0,e 00 acres of land. Tbe property is the same upon which
the Greenhut Brothers cf Peoria spent over $1,000,000 eight years
ago. More than $1,500. COO had- been spent on the enterprise, and
water had been turned into the canal when the Improperly constructed
conversion dam gave way. Ergineers estimate that the dam can be
made secure for a auarter of a million dollars.
Gila Talley Irrigation Co.— Bonds Offered.— The Amer-
&
Trustee Co. of No. 21 Doane St., Boston,
ican Promoting
Mass., is ffering at 90, with bonus of 100 p. c. of par value
in stoc k, $65,000 of this company's first mortgage 6 per cent
gold bonds due July 1, 1917; interest Jan. and July; denominations of $1,000. $500 and $100; trustee, Farmers' Loan
Trust Co., New York. The company, whose heme c ffice is
at Gila Bend, Ariz., is organized under the laws of Maine,
i
&
Jolt
THE CHRONICLE.
20, 1901.1
ill
—
and owns, it is stated, 14 miles of canal and 1,000 acres of
improved land near Gila Bend, on the Gila River, M uric
County, Ariz.; 3,000 acres more are to be acquired. Capital
Massillou (0.) Coal Mining «...
Bond* Off red, —The
Savings & rrust Co. of Cleveland ia offering at par and in-
stock $250,000, ia shares of $ln0 each. J. Edwin Davis
President and Wilbur H. Davis is Treasurer.
mortgage, sinking fund,
pax cent K'->ld bon 1Interest payable .J
1901; denomination, $1,000,
Deo. 1 at tne office of the Savings & Trust Co.
lenient says:
|890,000 (total issue $l,000,00d) of
tfa
r
is
Houston Oil Co.— Incorporated.— This company was Incorporated in Texas early this month with $30,000,00 J of author
lzed capital stock, of which $10 000,000 is preferred: par value
of shares $100. Of the preferred the present issue will be
$7,r>0),000 and tbin, it is stated, has mostly been subscribed,
the money being paid over to the Maryland Trust Co. of Baltimore. The directors are:
J. Willcox Brown, President OX the Maryland TruBtCo.. Baltimore,
Md.; Finis K. Marshall, Cashier Continental National ii.mk. Bt. L
Mo.; Henri T. Kent or st. Louis, President of the Southern Oil Oo.i
Nathaulal D. Silsbce of Boston, capitalist; Congressman 8. 15 Cooper
Of Beaumont, Texas; O C. Drew, \V. W. Wlllsoa, 1J. F. Bonner ami Jos.
<
lone
>
1.
nd
An
i
Tin' capital stock in $1,000,000, all of which has been duly subsorlbed ami paid In at par, The oompany has acquired all or
and properties Id the Masslllon ooal mining district. In st<trk, Wa;
and Summit counties, Olilc. heretofore owned and op.
Central Ooal Co
.in. c. aibrUht,
i
:
.i
A
i.
i
.
.1-.
II
Ilowelln
•'
ml «...
H
Krauie, James Mulling Coal
Uassl'lon Miuihk Co., Rldgn
unit K. Q.
..\
iwells
I
V
•
i
Upon the property so aeq'ilr.rt there have been drilled and
up at least 1.800 acres of lulnalilc coal. It Is expected thAl
Tin- propertlc
will, to quite an extent, overrun this amount.
pro
the OO*]
to some extent, of property In r<-c, but, g< n
ally speaking, are grants of coal upon which the company has to pay
Its
royalty an coal in tali"n out. To enable the company t<>
purchases ami provide Working Capital, ll lias li-sued $1,000(1 0<) of 5
maturing on June 1 In
per cent lionds. dated June 1, 1901. .f 100,00
r. beginning; with J uue 1. 1902. A sinkluK fond established by
Houston.
The company will operate in close harmony with the Kirby
Limber Co., see below. About 1,000,000 acres of laud, it is
stated, are owned or controlled.
and controlled consist,
International Bell Telephone Co.— Reduction of Stock.—
will meet at the office, No. 33 Liberty St
on Aug. 1 to vote upon reducing the capital stock from $750,-
the mortgage provides for the payment, quarterly, of §45,000 and
one fourth of the annual Interest In addition to the Saving* & Trust
Co., trustee under the mortgage; also that the payments lor said sinking fund shall be at least equal to 15 cents per ton upon all ooal so
mined and sold, in order fully to take oare of the bonded indebtedness.
The coal Is a hlKh-yrade domestic coal and brings a high price on that
account. It is also the purpose of the company to develop the Massillou district by acquiring other and further properties and opening
them up as they shall from time to time be discovered.
The stock of the company It held and controlled by the partners of
M. A. Hanua & Co. ana their associates.
D. R. Hanna is President.— V. 72, p. 1139, 1083.
11
ICagle, all or
The shareholders
,
,
000, in shares of $75 each, to $500,000, in shares of $50
V. 64, p. 1001.
International Fire Engine Co.
—This
each.—
Operations Begun in 1900.
company, whose organiz-ition was announced this
week, began business last fall, the facts regarding the consolidation beiog folly given in V. 70, p. 233.
First Dividend. The first dividend was declared this
being a semi-annual dividend of 3J> per cent, payable
—
10.— V.
week
Aug.
71, p. 343.
Iron Ore.— Production in 1900.— The production of iron ore
by States was as follows:
in 1900
dross ions.
9,926,727
Michigan
Minnesota
9.834,399
2,759,247
921,821
877.6S4
746,105
591,171
Alabama
Virginia and
Gross Ions.
New York
Colorado
New Jersey
441,485
407,084
344,247
336,186
364,005
Georgia andN. Carolina
W. Vlrg. ..
All others
Pennsylvania
Wisconsin
Total
Tennessee
27,553,1)51
The increase over the output in 1899 (24 683,173 tons) was
12 per cent and that of 1899 over 1898 (19,433,716 tons), 27 per
cent. The increase in 1900 over 1898 was therefore 8,119,445
tons or 42 per cent.
I
•
>
Michigan Portland Cement Co.— Plan.— At the meeting of the security holders at Coldwater, Mich., on July
16, $487,000 of th9 bonds being represented, it was resolved
that a committee of five be appointed by the chair to formulate a plan of reorganization along the lines outlined by the
proposition submitted by Sir. Warren, of Detroit. The proposition for reorganization, it is stated, i^ substantially as follows:
The $1,000,000 of bonds all to be takan up by $1,000,000 first preferred stock, bearing 6 percent cumulative dividends. The floating
indebtedness, amounting to about $300,000, to be taken up by $.00,OOO second preferred stock, bearing 6 per cent cumulative dividends.
The $.,^00,000 of stock to be takeu up by $800,000 common stock.
Chairman Charles Truesdall, of Quincy, appointed E D.
Johnson, Calumet; L. M. Wing, H. H. Barlow, Coldwater;
R. H Munson, Bay Mills, and A. C. Raymond, of Detroit,
members of the reorganization committee.— V. 73, p. 35.
(William) & Sons
England.
Minnesota Thresher
— Jessop Concern to Have Ltd., Co. of Sheffield,The snare- Thresher Co. below.— V. 72,Co.—Successor.— See Northwest
English
Plant in America. —
p. 1083.
holders of this English corporation have approved the plan to
Mohawk Has Co. of Schenectady, N. Y.— Increase of Stock
establish a steel works at Washington, Pa. and to form a subAuthorized. — Capital stock has been increased from $290,sidiary company under the ltwsof Pennsylvania.
additional stock to be per cent cumula-
00
)
to $444,000, the
6
Kirby Lumber Co. of Houston, Tex.— Consolidat i m.— tive preferred.
This company was chartered recently in Texas with $10,000,National Bridge Co. Officers. — The officers of this com00 J authorized capital stock, of which $5,000,000 is preferred, pany, incorporated May 24, are: President, W. N. Conger;
to acquire, it is stated 18 saw- mills and 8,000,00 J,000 feet of Vice-President, A. A. Miller; Secretary, C. W. Smith; Treasstanding yellow-pine stumpage. The directors are:
urer, Geo. T. Btcon.
Mr. Conger was formerly with the
John H. Kirby (President), James L. Kirov, John Thomas Ktrby, Groton Bridge & Mfg. Co. and Mr. Smith with the HorseW. W. Wiileon, Marcellus E. Poster, B. P. Bonner, Frank A. Relchardt, heads Bridge Co. more recently both were with the AmeriH. Baldwin Rice, all of Houston and 3. B. Cooper Jr., of Beaumont.
The officials
can Bridge Co. The offi 3e is at 45 Broadway.
The company, whose headquarters will be in Houston, is are not yet ready to make an announcement regarding the
closely allied with the Hmston Oil Co., which see above.
plants purchased and to be purchased. See also V. 73, p. 8
Knoxville (Tenn.) Water Co.— Mortgage.— The company
National Fire-Proofing Co.— Authorized.— The sharehas filed a mortgage in favor of the American Loan & Trust holders on Wednesday unanimously authorized the proposed
Co. of Boston, as trustee, to secure $1,000,000 bonds, of increase in
the capital stock from $2,000 000 to $5,000,000.
which, it is stated, $665,000 of A% per cents will be issued to Sjo particulars in
V. 72, p. 1191, 1241. -V. 73, p. 35.
take up the present bonded and fl >ating debt and part of
New England Electric Vehicle Transportation Co.— Liquithe preferred stock, and $335,003 will be reserved for future
;
~>.
requirements.
V. 72, p. 1191.
See offering of a portion of the
new
issue in
Laclede Gas Co. of St. Lonis.— Options on Stock.— James
Campbell, of St. Louis, a large holder of the company's
stock, is obtaining options on the common stock at par, on
condition that on or before Aug. 5 a firm contract shall
be entered into for the sale of control, the same to be
delivered and paid for Oct. 15, 1901, and certificates of stock
to be deposited with the Mercantile Trust Co. of St. Louis,
Mo., or the Trust Co. of America, New York City, on or before Sept. 15, 1901. The regular dividend of 2 per cent will
be paid to stockholders of record Aug. 30, 1901. The Imperial Electric Light Heat & Power Co., control of which recently changed hands (see V. 72, p. 1283), and other proper
ties if obtainable at a reasonable price, will probably be included in the proposed consolidation. V. 72, p. 535.
Lake Shore Transit Co. of Cleveland.— Mortgage.— This
company, of which J. C. Gilchrist is President, has made a
mortgage to the Detroit Trust Co., as trustee, on the new
steel steamer L ike Shore to secure $120,( 00 of first mortgage
5 per cent gold bonds, payable in series, $10,000 a year, for 12
—
years.
The
vessel, it is said, cost $2 15,00 J.
& Heat Co.
shareholders will vote Sept. 10 on a proposition to increase
the capital gtock $1,5 0,000 to $5,000,000. On the present
stock dividends of 6 per cent are paid. In November, 18U9,
the capital was increased from $000,000 to $1,500,000, the
People's Light & Heat Co. of Washington, Pa., the Belle vne
Glenfield Natural Gas Co., etc., being absorbed. The
present increase is supposed to foreshadow the absorption of
other natural gas compinits
H. E Seibert is Secretary, 131
Wood St., Pittsburg.— V. 69, p. 1150, 1C65.
Manufacturers' Light
6
of Pittsburg.— The
dation.— A dividend of $2 50 has been declared on each
share on which $10 has been paid in, payable Aug. 15. A
circular will be sent out later regarding the matter. — V.73,p.85.
New Haven (Conn.) Gas Light Co.— Bonds —An amendment to the company's charter authorizing the issuing of
bonds for improvements was passed by the last Legislature
and was to be adopted by the shareholders at a recent meeting.—V. 72, p. 393.
New York Dock Co.— Reorganized Company.—This company filed a certificate of incorporation at Albany on Thursday as successor of the Brooklyn Wnarf & Warehouse Co.,
whose property was recently sold under foreclosure per plan
in V. 72, p. 937. The authorized capital stock is $17,000,000,
of which $10,000,000 is 5 per cent non-cumulative preferred.
The new company will make a mortgage to secure $13,000,000 of 4 per cent gold bonds (the old company bad $17,000,000 of 5i),of which there will be r c s-rved $1 42'>.O00 for
to take
future extensions and improvements and $155,0
up at maturity undisturbed mortgages. See further particulars as to new securities, terms of exchange, earnings, etc.,
in plan above noted.
—
Directors
The directors are:
Fr-derij P. Olcott, Frederio Cromwell. Walter G. Oakm n. George
\V. Young, David II. King Jr. Leonard Lewi chn. James Simpson.
Ernest Iselln and Frann II. Sickles of New York City and Jacob L.
Greene of Hartford, Conn.
New York k Richmond Gas Co. —furf/ier Cus, illation.—
The company has absorbed by consolida'i >n the Richmond
County Gas Light Co. as well as the Consumers' Gas Light
Co A mortgage covering the entire property, it is understood, will shortly be filed.— V. 73, p. 86.
Northwest Thresher Co.— Successor Oompa ///.-This company has been incorporated in West Virginia, with $ >D0,000
THE CHRONICLE.
142
authorized capital stock, as snccfssor of the Minnesota
Thresher (Manufacturing) Co.
Rosooe II. Bronson and
Henry Wolfer of Stillwater, Minn., and Frank xM. Prince of
Minneapolis, are interested.
Pacific-American Fishei ies Co.— Terms of Exchange.—
Pacific Packing & Navigation Co. (see below) offers to
the holders of tL is company's preferred stock (total issue.
$1, OOOjOOC ; either par in cash or par in new debentures, 50
per cent in new preferred and 50 per cent in new con, mot.;
The
and to the holders of the common stock
000) 50 per cent in new preferred. The
majoiity in
ings Bank is depositary.
holders, it is understood, has accepted
999.
A
(total istue $4,000,Illinois Trust
Sav-
&
interest of the share-
the offer.
— V. 70, p.
Pacific PacbiDg & Navigation Co.— Salmon Combine.—
Articles of incorporation were filed this week at Trenton,
Navigation Co. This comN. J., for the Pacific Packing
pany has acquired about twelve of the leading concerns in
Oregon in the salmon-canning business, including, it is
understood, the following:
Paeitio-Anierloan Fisheries Co. (V. '0, p. 99°), Ainsworth & Dunn,
Fairhaven Canning Co., G. T. Myers & Co., Carlisle Packing Co., Ro
sarlo Straits Packing Co., Jays Straits Packing Co., Boston Fishing &
Trading Co., Taku Fishing Co., Taku Packing Co., Chilkoot Packing
Co., Western Fisheries Co.
[The Alaska Packers' Association (see V. 72, p. 672 V. 73, p. 34) is
not Inoluded.]
The authorized capitalization is as follows:
Six per cent gold debenture bonds
$7,000,00^
8even per cent cumulative preferred stock
12,fOO,0OX
&
.
Common
12,500,00°
stock
The bonds are
retirable by a sinking fund at the rate of
$1,000,000 each year. The Knickerbocker Trust Co. is the
trustee; the interest periods are Feb. and An?.
syndicate
has furnished $3,000,000 cash, receiving therefor $3 000,000 in debentures with a bonus of $l,5('0,000eachof pieferred
and common stock. Tne present issue of the new securities
will be $3,C00,000 of debentures and $6,000,000 each of preferred and common stock, a total capitalization on the present
plant of $15,000,000. The securities not taken by the syndicate as above were used in acquiring the constituent concerns. The tangible assets cf the new company, inclusive of
working capital, it is stated, will be in excess cf $4,700,000.
The net earnings for the current year are estimated at $1,300,C00, equivalent to 12 per cent on the common stock after
payment of prior charges. The details of the consolidation
were perfected by Charles R. Flint of this city.
A
Standard
[Vol. LXA1,
Table Oil
company was incorporated
Co.— Consolidation.— This
Cloth
in
1,
New
Jerfey on Jnly 13 with
$10,000,000 authorized capital stock, of which $5,000,000 is to
be 7 per cent cnmulative preferred, to consolidate the interests of the JeadiDg maters of light-weight oil cloth in the
United States. Of the stock $t,0'JO,000 of each class is issued
to acquire plants and furnish working capital.
The plants
of the following concerns have been a -quired:
Western Linoleum Co., Akron, O.; Ohio Oil Cloth Co.. Youngstowr-,
O; Keystone Oil Cloth Co., Norrlstown, Pa; Atha & Hughes, Newark, N. J.; Goortlatte Oil Cloth Co., Passaic, N. J.; Joseph Wild <fe Co.,
Buchanan &, Sons, Buchanan, N. Y.
statement supplies the following datp
The concerns acquired have a productive capacity nearly double
the amount consumed by The whole country and represent a capacity
Astoria, L.
An
I
;
A. F.
official
of over nine-tenths of the light-weight oil cloth manufactured in the
United States. It Is believed tbat by adjusting and controlling sales to
better advantage and by economies in the manufacturing resulting
from consolidation, the cost of oil oloth may be materially reduced.
Directors— H. M. Garlick (President), G. M. McKeh ey (First Vice-
President), George H. Hughes (Seoond Vice-President), Alvln Hunsicker (Secretary), F. H. Schmidt (Treasurer). John H. Berresford, Dr.
A. M. Cole, George H. Allen, George Buchanan, Andrew Buchanan, C.
H. Booth. Charles Temoleton, A. lowers Smith. T. N. Goodlatte, A. F.
Adams, B. H. Atha, E. A. Oviatt snd John Htambau^h.
Schmidt, T. N. GoodExecutive Committee— G. 21. McKeivey, F.
H
George H. Hughes, Andrew Buchanan and Alvln Hunsicker.
Reed, Simpson, Thacher
Barnum of this city and Henry
M. Robinson of Youngstown, O., arranged the legal 9nd of
the consolidation.
latte,
&
Tidewater Steel Co.- New President.— C. E. Stafford has
been elected President, succeeding G. P. McCall recently
elected temporarily. V. 73, p. 36.
—
R.)
Sbipbnilding Co. of Richmond, Ya.
—(William Filed.Trigg company has filed its recently author— The
Mortgage
mortgage securing $1,010,009 of 5 per cent bends; the
Commercial Trust Co. cf Philadelphia is mortgage trustee.
ized
— V.
72, p. 1191.
United States Steel Corporation.— Strike.— The negotiations following the strike order of July 1 (V. 73, p. 36) proved
without avail, and on July 15 the strike was begun. In addition to the union plants cf the American Sheet Steel Co.
and the American Steel Hcop Co all the uLion works of the
,
American Tin Plate Co. were closed down, although the
company had signed 'the scale." The constitution of the
Amalgamated Association, it seems, requires that all union
men employed by a combine shall refrain from working
while the grievances of any one mill are unsettlt d. The Tin
Plate Company, in consequence, has in operation only one of
Pocahontas Coal Co.— Pending Consolidation. Reference its many plants, and that one not "unionized." The employwas made three weeks ago (V. 72, p. 1283) to the option re- es of two or three of the nonunion mills owned by the
ported as obtained by unknown parties on the stock of the
American Steel Hoop Co. have also joined the strikers. On
Flat Top Coal Land Association at $170 per share ($100) of the
the other hand eeveial important plants owned Vy the Sheet
$3,714,000 common aud $100 per share ($100) of the $3,714,000
Steel Company are in full operation, nearly one half of the
4 per cent cumulative preferred. More recently the option
company's product, it 's said, haviDg been "non union."
has been said to have been secured along with options on
Some features of the strike are commented upon in another
other properties by the United States Steel Corporation.
column. Here need only be repeated what was said two
The better information,however, is that the Steel Corporation weeks ago, that the contest is not cne of wages or hours, but
is not concerned in the purchase except as important indi
merely an attempt to extend the sphere of the labor unions to
vidual interests in that company are identified with the new
plants which heretofore have not been subject to them. The
consolidated coal oompany. The latter, it is said, will be
great non union
does not affect the
known as the Pocahontas Coal Co. and have a capitalization strike such as the Carregie, Corporation'sTube, the National
works,
the National
of about $56,000,000. The Flat Top Association even in 1897
Steel and the American Steel & Wire Co., or the Illinois
produced over 2,000,000 tons of coal and 390,000 tens of coke. Steel
Co which is only partially "organized." The eteel
Its property at that time included 192,936 acres of coal land
rail, plate and tubing, structural material and wire business
owned in fee (all except 4,116 acres heated in West Va.), therefore remains in full Mast, as dees also the company's
36,492 acres of mineral rights and 41 acres surface also 6,141
production of pig iron. V. 73, p. 86.
acres of iron lands. The new company, it is said, will own
Woolson Spice Co. Plant Closed.— The company's plant
also mines in Ohio and Pent sylvania, including perhaps the
property of the Monongahela River Consolidated Coal & Coke at Toledo has been closed and the employes discharged.
Co., negotiations for which have been rumored to be in V. 72, p. 1140.
—
,
,
—
;
E. W. Clark & Co. of Philadelphia are assisting to
arrange the consolidation. An underwriting syndicate it is
understood has been formec1
The Hand Book of Railroad Securities, compiled by
Richmond County Gas Light Co.— See New Yoik o Rich the publishers of the Commercial & Financial Chionicle,
has been issued. This little bock gives the gross and net
mond Gas Co. above.
with
Salem (Mas?.) Electric Lighting Co.— Bonds Called.— All earnings for a series of years of the railroads, together the
the interest charge, so that at a glance one can see
the sinking fund 5 per cent gold bonds of 1890 have been
over charges. There is a monthly range of stock
progresp.
—
.
called for payment at 105 and interest, and will be redeemed
at the office of the International Trust Co., Boston, on Aug.
1st, after which date interest on the same will cease.
V. 72,
—
p. 779.
Sharon Steel Co.— Purchase of Coking Coal Lands.—The
company has purchased about 1,500 acres of coking coal
lands in what is called the Klondike district, in Pennsylvania, for a
sum
s'ated as $600,000.— V. 72, p. 1241.
Southern Car & Foundry Co.—Steel-Car Plant.— Contracts
have been let for the steel car plant at Ensley, Ala.— V. 72,
South Carolina Inter State & West Indian Co.— Exposition Btnds Authorized.
This company, organized June
21, 1900, to take charge of the proposed Charleston Exposition, has authcrized an issue of $150,(00 of 7 per cent
bonds, to be secured by mortgage upon the Exposition buildings, and upon two-thirds of the gate receipts. The resources
and expenditures are estimated as follows:
—
Resources: Stock already subscribed, $203,000; state and city appropriations, $82,576; concessions, $120,000; admissions (conservatively), $300,000; total, Including miscellaneous, $822,576. Expenditures: Buildings and grounds, $350,ot0; preparatory expenses, $80.000; operating expenses, $2S5,000; total, $715,000; balance, $107,576.
The gate
and bond prices for 1900 and to Jnly 1 of this year; also the
yearly range since 1895, and the highest and lowest prices
fcr the first half of 1901.
Another table shows the dividends paid during each of the
years 1895 to 1900, inclusive, and to July 1, 1901.
The statistics cover not onlv the railroads, but the leading
industrials.
The be ok will be sent by mail for a dollar or to Chronicle
subscribers for seventy-five cents. It may also be had in
quantities at special rates.
—A
p. 441.
000,
surplus
receipts at Atlanta,
it is
stated,
and about the same at Nashville.
were over
$400,-
block of Pittsburg Bessemer & Lake Erie stock is ofCo. in an advertisement on
fered for sale by A. M. Kidder
page vii. The road is the direct connecting link between the
ore beds of Lake Superior and ihe furnaces at Pittsburg,
Bessemer, Duquesne, etc. It is the' underlying lien of the
Carnegie Co., the majority of the stock of this road being
pledged for the Carnegie Company's bonds, and the stock
being further guaranteed by the Carnegie Co. and directly
assumed by the U. S. Steel Corporation. The stock is exempt from every tax and is offered at a price to net four per
The average yield on guaranteed railroad stocks
cent.
ranges from %% to Z% per cent.
&
—Attention is directed to the list of city bonds advertised
on page vii by E. D. Shepard & Co.
July
THE CHRONICLE.
20, 1901.]
COTTON.
'Qhc (&Qmmtvtii\l 'Qimcs.
Friday Nioht, July 19 1901.
The Movement op the Chop, as Indicated by our tolegrams
from the South to-night, Is given below. For Lb
this evening the total receipts have reached 19
H^ainst 44,589 bales last week and 49,899 bales t'
COMMERCIAL EPITOME.
Friday Night, July
19, 1901.
have been engaged
Merchants
Traveling salesman have
fall trade.
in preparing for the
been getting ready to start out on the road and the geu< ra
prospects have been that with the turn of the month business
The
activity will have been resumed in many instances.
steel strike which began at the opening of the week has received close attention in business circles, and the outcome is
awaited anxiously. The climatic conditions, particularly in
the crop-growing sections of the country west of the Mississipi River, have continued a source of some anxiety. Rains
over wide sections have served, hawever, to relieve fears to
in a
number
of lines of trade
week, making the total receipts since the 1st of Sept., 1900,
bales, against 6,487,655 bales for the
of
ilea.
1899-00. showing an iuoreaseslnoeSep.l, 1900, of 97
.'
1
a great extent.
Lard on the epot was easier early in the week under increased pressure to sell. Subsequently, however, there developed a steadier tone, and the loss was recovered, closing at
8-900. for prime Western, 8 30@8 45c. for prime City and
Speculation in lard for
8*95c. for refined for the Continent.
future delivery has been moderately active. Early in the
week prices declined under outside selling, principally to
liquidate accounts. Offerings were absorbed by packers and
at the close practically all the loss had been recovered.
,
i
utctipu at—
The close was quiet at 5%c. for Rio No. 7. West
India growths of coffee have been offered with some freedom, but demand has been limited, and prices have weakened to 7%@7?4c. for good Cucuta,
Speculation in the
market for contracts has been moderately active. There has
been considerable selling against purchases in Brazil, under
which prices have weakened. The following are the closing
asked prices:
543
1.076
5,207
2,854
379
5,042
25
1,266
2,532
439
812
1
54
12
a
11
105
>'ensacola, Ac.
......
......
.....
......
......
4,044
'avannah
Bruusw'k.Ao.
1,628
664
526
1,488
602
919
216
4,041
5,787
19
12
4
26
67
2
6
3
13
New
Orleans...
tfoblle
5000.
4-86o. tOot
4'90o. Nov
4-95o. Deo
5-050.
515o.
I
Jan
Maroh
216
223
23
47
447
381
602
20
3,848
2,137
Pt. Royal.Ao.
1
.'/llmlngton
Wash'ton.Ao.
799
547
1,069
481
500
News, 40.
Mew York
1,817
1,837
73
33
287
249
1,166
Boston.........
735
30
Norfolk
N'p't
78
Baltimore
^hlladel'a,
6,712 11,737
4,386
493
158
15
Ac.
week
Tot. this
50
884
6,434
221
6,164
49,575
8,011 12.565
The following shows the week's total receipts, tne total since
Sept. 1,1900, and the stock to-night, compared with lastyeai.
1899-1900.
1900-1901.
Baltimore
May
5-200.
Since Sep.
1, 1900.
This
week.
Stock.
1,773
47
257,980
3,843
522
422,243
384
6,434
433
2,137
.
221
Phlladel.Ao.
60,524
95,276
5,772
60,037
4,416
32,398
253
3,054
14,360
8,048
...
2,699
....
2,942
799
398,966
32,040
8,228
•
2,729
•a
.
79,116
112,448
100,476
48,602
15,425
75
190,185
5,500
3,071
2,637
37,438
3.000
2,351
2,840
40,879 6,487.855
417,112
146.381
462
35,043
151,285
196,465
71,335
26,409
49,575 7,466,162
1900.
12,806 1,848,943
196,435
3,798
152,095
4,943 1,069,993
103 120,084
2,500 261,535
1,235
921 278,500
230,910
1
1901.
262 1,699,541
832
86,937
15,180 2,111,849
50,232
10,470 2,412,042
109,642
105
4,044 180,340
5,787 1,074,471
216 130,621
223
Since Sep.
1, 1899.
This
week.
2,761
2,197
793
270
7,954
509
In order that comparison may be made with other yeara,
*egive below the totals at leading ports for six seasons.
at—
Receipts
1901.
.t&lves'n.Ao.
15,180
10,470
New Orleans
Mobile
-Savannah . .
105
6,787
Ohas'ton, Ao
.Vllm'ton.Ac
224
47
Norfolk
N.
1900.
1899.
1898.
206
1,094
12,806
3,798
4,943
2,500
239
4,496
10
91
253
51
8
1,264
3
72
65
53
10
78
267
229
302
204
845
1,119
253
54
8,228
3,843
1896.
777
354
10
2,547
2,347
5,027
921
1897.
390
NewB, Ao.
384
462
73
others...
13,535
6,127
7,548
961
1,022
1,404
wk.
49,575
40,879
15,515
7,862
2,447
6,808
rot. this
5 35o.
-
545o.
Raw sugars have been in fair supply and with a dull demand prices have weakened to 4 r 32c. for centrifugals, 96 deg.
>
and
3J^c. for muscovado, 89-deg. test. Refined sugar has
easier, closing at 5'35c. for granulated. Ooher
staple groceries have been steady to firm.
Kentucky tobacco has had a fair sale in both the local and
Western markets, and at firm prices. The crop is reported in
need of rains.
dull and featureless market has continued
to be experienced for seed leaf. The business transacted has
been unimportant, and prices have been more or less nominal.
test
„
2,137
Jharleston
a.11
Sept
T'jIG.
JTL.I
3,521
Fr\.
quiet.
Aug
TKur$.
8-85
steady prices for choice grades, closing at 15@19}£c. for
creamery. Cheese has been unfavorably affected by the hot
weather and demand has been light; prices for State factory
at the close were 7@9^c. Fresh eggs have been firmer for
best grades, closing at 16c. for choice Western.
Brazil grades of coffee have been easier. The movement of
the new Brazil crop has been large. Brazil has been a free
seller of coffee, and in the absence of aggressive buying
prices have declined. The distributing business has been
July
Wed.
Tuti
1,979
8-90
877
882
890
Receipts to
July 19.
Pork has had a fair sale in the local market and prices have
25 for mess, $16@16 50 for family
held steady at $15 25@16
lalveston...
and $15 75@17 25 for short clear. Cut meats have had only a
Sab.P.,Ao.
limited jobbing sale from the local market; prices have been few Orleans
well maintained at 7j^c. for pickled shoulders, ll@ll^c. for floblle
pickled hams and 9>4@10J^c. for pickled bellies, 14@ 10 lbs. "saoola.Ao.
Savannah...
average. Beef has been quiet but steady at $9 50@10 for
Sr'wlok.Ao.
for
mess,
packet, $11@12 for family and Jharleston..
$10 50@11
515 50@17 for extra India mess, in tcs. Tallow has had P. Royal, Ao.
only a small sale, but the price has not changed from Wilmington.
Stearines have weakened slightly and the close was Wanh'n, Ao.
4 7 3 c.
Norfolk
quiet at 9%@10c. for lard stearine and 93^@9%c. for
N'portN.,Ao
oleo stearine. Cotton-seed oil has been firm but quiet at 38c. dew York...
for prime yellow. Butter has been in fairly active demand at
8-90
July
M on.
Sat.
lalveston
Mab. Pmb, Ao.
,
DAILY GLOBING PRICKS OF LARD FDTURE8.
Mon. Tues.
Wed. Tkurs.
Sat.
l:;
I
been quiet and
ilnoe Sept. 1 7466,162 6487,855 8374,453 8=>89,482 6673,279 5205.399
The exports
for the week ending this evening reach a torsi
30,612 bales, of which 14,860 were to Great Britain, 600
co Franoe and 15,152 to the rest of the Continent.
Below
wethe exports for the week and since SeDt. 1. 1900.
it
,
'rem—
A
Foreign tobacco has been quiet but steady.
Early in the week there was a dull and lower market for
Straits tin, but at the close the bull interest became aggressive and bid prices up, closing at 27'(50c. buyers, with sellers at
28 -50c. The demand for copper has shown no improvement,
but prices have not been changed from 17c. for Lake. Lead
has had only a limited sale, closing quiet at 4-37^c. Spelter
has been quiet and unchanged at 3-90 and 3-95c. Pig iron
has been without changes and steady at $13 and 15 50.
Refined petroleum has been advanced, closing steady at
7'50c. in bbls., 8'50c. in cases and 4'95c. in bulk. Naphtha has
been unchanged at 9 05c. Credit bnlances have been advanced to $1 1'). Spirits turpentine has had only a small
sale, and prices have weakened to 36- ^@37}^c.
Ro3ins have
weakened slightly, closing at $1 40@1 42>£ for common and
W**k Mndirn July ID 1901
Exported to—
Exports
eriat
Brit'n.
i
Prance
iiveiton
<ew Orleam..
Mobile
......
1,505
6.719
..*...
1,011
,,...,
••
jarannah
iruuiwlok
6,121
••••
.
1.161
....
1,011
......
311
harleiton
Port Hoyal....
6,196
879.832 816.3S1
33,672
72.310 22.725
174,118 23,899
19, 1901.
ConMHMt.
31.351
S6.619
18 1,951.105
MUM!
19,6tn>
U
68.630
615.6^
70.163
70.377
1*0.629
600
......
12
,
28,533
66,211
......
600
77.379
116.066
13.097
6.695
j
4.160
201.1-
223.133
19,092
30.995
49
1,872
8,386
1.108
277,975
821086
3,667
2,961
600
26.616
1.121
83.103
56.903
1.1U2
110.306
800
4,011
200
3.210
ll.OOH
80.213
1.108
Baltimore
190U, co Jul
e^os 311.215
Sll
......
W'portN., Ao..
i,
bxporteA to—
......
tVUmlnictcn...
Norfolk
Hert
Conti- lotal
9r$at
Trance
nent. Wtsk. Britain.
6,121
jnb. Past, Ao..
Brom
1,157
'blladeipbla..
89.763
»
5.001
i
good strained.
full values.
Wool has been
Hops have
in fairly active
been quiet but well held.
demand
<anKrnn..4o..
11,660
at
Total. 1R99-00.
30.720
600
15,152
30,612 2,965,317 708.113 2,e07,7?2 8,281,919
19.SM
5*1.
5 «S
J
U)
4>
884.705 2.-1
J
080 6 767.279
THE CHRONICLE.
144
In addition to above exports, our telegrams to-night alto
give uo the following amounts of ootton on shipboard, not
We add similar figures for
oleared, at the ports named.
New York, whioh are prepared f or our speoial use by Messrs.
Lambert ft Barrows, Produce Exohange Building.
Fotueeb.
»
New
3,248
6,971
. .
2.908
9.250
7,782 12,174
5,690
5
1,600
7,000
1,000
..
Other ports
500
250
Total 1900..
Total 1899.
10,927
7.778
7,000
7,600
2.0C0
68.020
349,092
"Sid
1.000
11,729
12,840
4,076
5,386
8,892
m
Middling
'ia off Striot Low Mid. Stained.. IH ofl
Good Ordinary
% off Low Middling Stained
l^ofl
Good Ordinary
lheofl
On this basis the official prioes for a few of the grades for
the past week— July 13 to July 19— would be as follows.
Low
.
Strlot
UPLANDS.
Good Ordinary.
788
8
8 7 ie
7*18
8'18
8 1*
813 18
9*4
Middling
Middling.,
Middling Fair...
GULF.
77,«
Sat.
Low Middling..
Wed
[Won Tue*
Sat.
ITI011
She
8*
s\
Sl3 l(
.
9H
93 le
9*4
Tnet
Th. Frl.
77,8
8>ie
8>
Wed
» 13 ie
"738
8
8>
884
9>4
98,8
Tit.
Frl.
7»8
7»i« 7lHe 7%
oT le 7"u 8*4
85 16
85 18
814
86,6
8*4
s\
8"l6 8*4
8»ie
9
9*16
91,6
2!" 9i,« 9
97 18
97, a
9*
9*
9»fl
Good Ordinary.
Low Middling..
Middling
GoodMiddling.,
Middling Fair..
STAINED.
Sat.
ftton
Low Middling
7
7
Middling
8
8
8*8
8i*
Middling Tinged...
Good Middling Tinged
8*
8is
Tuew Wed
Tit.
615 16
715 16
7
7
8
8
II"
8*
8i*
8i«
8i*
87,.
Frl.
615,6
716,6
SS
The quotations for middling upland at New York on
July 19 for eaoh of the past 82 years have been as follows,
1893
1892
1891
1885
1884
1883
1882
1881
1880
1879
1878
o.l25, 6
1877
llli 16
10
11
1876
.15i«
10
1875
6H
8H
17i8
63 ia
.123 6
1890
12%
1874
lliijg 1873
1889
8
21
10li,
1888
7%
ll's
1872
223s
7
1887
105,«
20 78
lH»i6 1871
9i«
Hi*
7*8
1886
20
1870
Notb.—On Oct. 1,1874, grades 01 ootton as quoted were changed
According to the new classification Middling was on that day quoted
%o. lower than Middling of the old classification.
MARKET AND SALES.
total sales of ootton on the spot eaoh day during the
The
week are indicated in the following statement. For the
convenience of the reader we also add columns whioh show
at a glance how the market for spots and futures closed or
same days.
87,„
0.
8ie
714
im
fi
Spot Market
CLOSED.
..
Quiet at i,e
Futures
Market
Closed.
dec Steady
Monday
C.101,6
Sales of Spot & Contract
Ex-
Oon-
Con-
port,
fump.
tract.
2C0
iQuiet
Steady
Tuesday ...'Quiet at 1,6 deo Quiet...
Wednesday Steady at ',„ ad. Steady
Thursday.. Quiet
Friday.
Quiet at
Total..
Easy
i,e deo.
20
22
40
.
Quiet Ast'dy
200
Total
225
25
,
-3-3
-3-i
•iii
00
o
1
11
II
•
00
to
'
I
1l
a
9
-J
-1
CO
00
to
r,
9
,
5,700
1,600
3,900
5.700
1,600
3,920
22
40
107 11,200 11,507
-3
01
=>
-3-3
-300
I
00
9
a
9
I
1l
1
00 to
I
9
-3-1
-100
-'l«
05
tee
9
I'/)
1
so,
-3-3
«i-i
ttM
I
CJl
9
I
I
I
-3-3
*"?
OP-
I
19
I
I
19
-q«3
00-4
coco
9
I
•
!
:
:
-
'
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I
9
I
9
I
000
00
-i-o
coco
o
<
I
'
9
I
ao
9
9
I
00
to
or
00
MOD
-3-1
-i-j
ad
r-00
O.T.
«IC.
9
I
9
I
<i
do da
cxt*
c.~.
6.6-.
9
C3<B
a
I
com
-JO
»~0D
cxa
la
00
u
of CO
o>-
9
9
00
aa
-<©
9
9
1
coeo
o MO
00
to to
cxex
9
1
9
00
1
0000
coco
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00 Co
UO -its
-a
9
01 ex
1
v|<J
-40S
I
9
I
00
c—<
00 MM
(T
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&. -j
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aooo
9
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00 ex
9
,
MM
©o ao «H
9
1
9
1
-3 0O
aa
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19
19
9
-01
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MOO
-J-3
-300
-a
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«j«j
-4QD
ecoj
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toco
mo
a. co
a.
9
I
00 op
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19
ODO
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I
«3<J
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k»cc
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aex
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to to
ex 1^
ex o»
9
1
«3«q
-:oo
1
6
exv>-
9
I
a
CXC0
-J-J
—CI
—Jl
ocoo
-3 1*
61 &.
ex to
9
aa
9
9
dw
MCO
19
-id
toco
to
-3-3
c-.o
9
m to
CCO
19
•3-3
9
I
^-3
-id
I
-3-3
-3-3
-3-0
OB -3
Or CO
a -3
-3-3
-j-o
cc-3
0000
toto
oitk
I
9
-3
I
ao
is
CO
<JO
I
4
a 00
I
I
<id
0000
00 CB
19
"?*3
-ice
o*-
1
>
*?"?
*?*?
I
-J-J
-3-1
-
a
I
tc-i
9
I
•4*9
-J-3
00 00
<ioS
-J«l
too
Co to
OB
toco
I
-l-l
-'id
-'> -'1
9
-jo
a-i
->-3
-3«j
-i-i
w
aooo
1
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005
-3 -J
-3-3
CO
-a
9
I
-a -3
-J -3
<3-a
-3-3
l
115,088
375,546
Speculation in cotton for future delivery has been on a
moderate scale only. It has been strictly a weather market,
with the result that while the fluctuations in prices have
been sharp and frequent, they have betn within a compara
tively narrow range, and the net change for the week has
been unimportant. The interest of the trade has been centered principally in the weather reports from the Southwest.
Showers have continued to be reported here and there, but
are
inclined
opinion
most of the trade
to
the
rainfall
is
insufficient, and that a good,
this
that
rain
in
the
general
near
necessary
future
is
to insure a satisfactory yield from the growing crop. Foreign markets have continued to be influenced by the weather
reports from this side of the Atlantic, and in themselves have
been without factors to influence values to any extent. Reports from the cotton goods trade have reported seasonable
conditions existing, no marked activity to the demand being
expected at this time of the year. To-day there was a slight
weakening in values under moderate gelling, largely for local
account, prompted by predictions of threatening weather in
the Southwestern States. The close was steady at a net loss
in values for the day of 2 to 6 points. Cotton on the spot has
weakened slightly, closing at 8 7-16c. for middling uplands.
The rates on and off middling, as established .Nov. 21, 1900,
by the Revision Committee, at whioh grades other thai
middling may be delivered on oontraot, are as follows.
o.
Fair
on Striot Good Mid. Tinged. o. 3 16 on
Middling Fair
\ on Good Middling Tinged
Even
i*on Middling Tinged
Strict Good Middling...
% oil
GoodMiddling
6,6 on Strict Low Middling Tinged
H ofl
s 16 ofl Middling Stained
** ofl
Strict Low Middling
Saturday
BOW;
>\42.s
31,293
37.223
4,561
11,219
2
o
1S2.5S5
12,478
b',h'6b
""250
19,719 12,158 14.722 12,529
Total 1901..
0.
H»>-B»WBatsd» B,Ha5t3 »!»B(»>-Jd(»
W* «<*)
Pi
69.073
36,057
31,898
2,804
5,772
26,203
24.407
Charleston...
1901
1900
1899
1898
1897
1896
1895
1894
a*
•
r,
<
itock.
91
2,561
Savannah
Low
a
Total.
600
250
Orleans.
Galveston.
Strict
I
1
GerGreat
Other OOOMtBritain Fr'nce many. For'an YOiHt.
New York,
at
ciag
o>
Leaving
July 19 at—
Good
and closing prices
ighest, lowest
1
>
ON SHIPBOARD, MOT CLEARED FOR—
New York
1
[Vol. LXXiII.
cc
I
I
I
ao tt-3 aa
a
toex
co
»0-3
£5
CO*
-3
a
00
-4
a
ex
a
Ilk
19
d
M
19
9
9
9
9
-3
si
CO
'
9
I
I
-a
-3
-j
'
00
oo
©
-3
00
-3
ao
CO
a
M
9
1
1
1
CO
1
CH
ao
9
O
-J
a
CO
O
The Visible bUPPLY. of Cotton to-night,
CO
1
1
1
1
a
-3
to
O
9
1
^
d
9
°°
1
CO
CO
©
as made up hy
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(July 19), we add the item of exports from the United States,
Including in it the exports of Friday only,
1898.
1900.
1899.
1901.
Stock at Liverpool
bales. 591,000
331,000 1,134,000 995,000
3,000
Stock at London.
5,000
7,000
9,000
Total Great Britain stook. 598,000" 343,000 1,139,000 998.000
Stock at Hamburg
19,000
22,000
23,000
32,000
Stook at Bremen
251,000 235,000
95,000 151,000
Stook at Amsterdam
2,000
2,000
1.000
......
200
300
Stook at Rotterdam
200
200
Stook at Antwerp
6,000
3,000
4,000
3,000
Stook at Havre
190,000
127,000 127,000
206,000
Stock at Marseilles...
6,000
4,000
4,000
3,000
65,000
69,000
Stook at Barcelona
60,000
78,000
36,000
Stock at Genoa
20,000
39.000
55,000
15,000
17,000
7,000
28,000
Stock at Trieste
Total Continental stocks
348 200 432.2JO 679,200 576,300
Total European stocks.... 946,200 775,200 1,818,200 1,574,800
India ootton afloat for Europe
36.000
46,000 103,000
56,000
62,000
Amer. ootton afloat lor E'rope. 124,000
132,000
83,000
E)rrpt.Brazil,<ko.,aflt.iorETpe
18.000
27,000
18,000
18,000
Stock In Alexandria, Egypt. .
73,000
82,000
88,000
100,000
Stock in Bombay, India
573,000 294,000 546,000 52J.000
Stock in United States ports.. 417,112 146,381
412,769 277,987
64,253
248,810 132,384
Stock in U. 8. Interior towns.. 198.597
2,133 _ 10,464
6,235
United States exports to-day.
Total visible supply
2.444,042 1,500.298 3,310,014 2.777,671
Of the above, totals of American and other descriptions are as follows:
.
American—
462.000 242,000
272,000 397,000
83,000
American afloat for Europe... 124,000
417,112 146,381
United States stook
64,253
United States interior etooks. 198.597
2.133
10.464
United States exports to-day..
Total American
1,475,812 943.038
Suit Indian. Bratil, die.—
92,000
129.000
Liverpool stock
7.000
9,000
Londonstock
35,200
76.200
Continental stooks
36.000
56.000
India afloat for Europe
27,000
18,000
Ksrypt, Brazil, Ac, afloat
73,000
100.000
in Alexandria, Egypt. .
Stock
573,000 294,000
Stook in Bombay, India
Total East India, &e
968,200 557,200
943,098
Total American
1,475,842
Total Visible supply
2,414.042 1,500,2»8
4i» 3 .>d.
Middling Upland, Liverpool..
52^ 2 1Middling Upland, New York..
8",,o.
10i\
6Hi 6 d.
Egypt Good Brown, Liverpool
6>, d.
7i£d.
Peruv. Bough Good, Liverpool
7d.
5is ia d.
4i4d.
Broach Fine, Liverpool
Tlnnevelly Good, Liverpool...
4 1*!.
5d.
Liverpool stook
Continental stocks
bales.
.
1,063,000 910,000
604.000 522,000
132,000
62,000
412,769 277,987
248,810 132,384
6,235
2,466,814 1,904,371
85,000
3,000
5,000
54,300
75,200
46,000 103,000
18,000
18,000
88,000
82,000
546,000 522.000
843,200 b73,300
2,466.814 1.904.371
3,310,011 2,777,671
3i3 sa d.
399 1
71,000
-
63, 8 c.
61,68.
S^d.
4^d.
6 7sd.
6 7sd.
39. 6 d.
3i3 3 ad.
3^1.
34d.
J3?~ Continental imports past week have been 33,000 bales.
The above figures indicate an increase in 1901 of 943,744
bales as compared with same date of 1900, a loss of 865,972
bales from 1899 and a decline of 333,629 bales from 1898,
JOLY
20,
THK CHRONICLE.
1901.]
At the Intebiob Towns the movement— that la the receipts
for the week and slnoe September 1, the shipments for the
week and the stocks to-night, and the same items for the
oorreaponding period of 1899-1900 -Is set ont in detail below.
l
gOOTATIONB FOB MIDDLING COTTON AT OTBEB MabkETS.—
Below are closing quotations of middling cotton at tioathern
and other principal cotton markets for each dav of the week,
OLOBIHO QUOTATIONS FOE MIDDLlNa OOTTOH OH —
Week enditip
July 19.
MalMr.
Mon.
Tuts.
Galveston...
B»ia
B>i
81 «
8»*
8»8
84
3*
B4
New Orleans
81, a
Charleston..
Wilmington.
Boston
Baltimore
B>«
8*4
814
8
h^
B\
9H
Mobile
Savannah...
.
8».
ex
10
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to
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Weatheb Repobts by Teleqbaph.— Reports to us by telegraph from the South this evening denote that while rain
has fallen in a number of localities during the week, the precipitation, except along the coast, has been light or moderate
as a rule. Over a considerable area of the Southwest the
weather has been mainly dry. Our Galveston correspondent
states that the Texas "crop has further deteriorated during
the week, the light, scattered showers haviDg been insufficient
to do good, and that eighty per cent of the Texas area needs
rain badly. From Louisiana, Tennessee and Arkansas and
—
hipm
©ex to; w
<i;
©©eniu! - ©col
©OCOQO. COVOOtO'
week
This
—
to
tx>
84
84
H>«
«»4
points in other States there are also complaints that
moisture is much needed. Some Alabama and Mississippi
correspondents report that rains were beneficial, but that
previous hot, dry weather has injured cotton.
3 H
Galveston, Texas.— About twenty per cent of the cotton
area, including Southwest Texas, reports the crop in a satis^5 factory condition, but eighty per cent of the Texas acreage
The light, scattered showers reis needing rain very badly.
s
ported have not been sufficient to do good. The crop has
further deteriorated during the week. There has been rain
5
co«
here on one day the past week. The rainfall reached thirtys six hundredths of an inch. The thermometer has averaged
ao
82, the highest being 98 and the lowest 66.
Abilene, Texas. There has been no rain during the week.
The thermometer has averaged 81, ranging from 70 to 93.
sr
Corpus Christi, Texas. We have had no rain during the
^* S week. The thermometer has ranged from 74 to 88, averag-
t^to;
M
OD
S's
814
8>4
8«a
83*
8'e
84
Bftj
84
some
to
to
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to;
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I-.
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exOOl^©' 00 ^1 *•-« l- *>• to i*' 00 <-> © ex to <J M © -OJ M
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•
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tO
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Louisville...
^- ^cx<
84
84
8's
LOUlS
86, e
8
83s
8'8
8i«
Houston
86,6
8
Augusta
ST.
86, 8
84
84
8»4
h\
Memphis
8»*
84
8%
Fti.
84
8»B
8>t
B«t
«»,s
Thurs.
84
B*
H"H
84
84
84
84
84
84
84
84
84
*\
B«j
8
^ y ,«
.
Wednes.
8>4
Philadelphia
aii
S>"
\:>
to
ing
*-"-a"c^©H'ts^)totoi-''ik't-'coi-'©05©co©
82.
Brenham, Texas.— It has rained on one day of the week,
the rainfall reaching forty-seven hundredths of an inch.
totals snow that the interior stocks have deThe aoove
Average thermometer 87, highest 99, lowest 75.
creased dnring the week 23,020 bales, and are to-night 134,344
Dallas, Texas,— Dry weather has prevailed all the week.
bales more than at same period last year. The receipts at all
The thermometer has averaged 89, the highest being 105 and
towns have been 8,657 bales more than same week last year.
the lowest 72.
Overland Movement foe the Week and Since Sept. 1.—
Henrietta, Texas. There has been no rain the past week.
We give below a statement showing the overland movement The thermometer has averaged 90, ranging from 74 to 106.
for the week and since Sept. 1, as made up from telegraphic
Huntsville, Texas.— It has been dry all tbe week. The
reports Friday night.
The results for the week ending thermometer has ranged from 70 to 99, averaging 85.
July 19 and since Sept. 1 In the last two years are as follows.
Lampasas, Texas. Showers have fallen on one day of the
week, to the extent of five hundredths of an inch. Average
1900-1901.
1899-1900.
thermometer 86, highest 102 and lowest 69.
July 19.
.Since
Since
Longview, Texas.—It has been showery on one day of the
Week. Sept. 1.
Week. Sept. 1.
week, the rainfall reaching fifteen hundredths of an inch.
The thermometer has averaged 89, the highest being 1C6 and
Shipped—
;
.
"^O. ©en~j©-jootoao*»toco>-'<i©»-cocoaDtototo
©• to©.-, exw i-'«h-i-'<J»jaoen©©©o«©tO>-'iVcoiX'©>-«
i
I
-~.
5
s
«>
—
—
VtaBt. Lonls..._
-..»..
957
Via Padaoab
Via Rook Ipland
....
887,488
236,890
6,960
1,040
"269
5,105
58,508
134,539
114,303
283,430
308
848
5,763
—..
1,276
2,187
91
847,464
226,333
11,686
12,810
207,942
136,326
316,508
the lowest 73.
Palestine, Texas.
There has been rain on one day of the
week, the precipitation being twenty-eight hundredths of an
inch. The thermometer has averaged 86, ranging from 72 to
—
100.
—
Paris, Texas.
We have had heavy rain on one day of the
week, the rainfall being one inch and twenty hundredths.
Deduct shipments—
The thermometer has ranged from 70 to 108, averaging 89.
Overland to N. Y., Boston, <feo.
9.275 445,494
6,024 340,642
San Antonio, Texas. We have had showers on one day the
186
75,848
98,496
past week, the precipitation being four hundredths of an
647
95,716
857
81,371
inch. Average thermometer 83, highest 94 and loweet 72.
512,206
Total to be deducted
10,132 625,361
6,857
._.
New Orleans, Louisiana.— It has rained on three days during the week, to the extent of four inches and two hundredths.
Leaving total net overland*..
310 1,094,902
2,385 1,245,863
The thermometer has averaged 86.
* Including movement by rail to Canada.
Shreveport, Louisiana. Some crops in this vicinity were
The foregoing shows the week's net overland movement relieved by a local shower on Thursday afternoon, but in
this year has been 310 bales, against 2,385 bales for the general
crops need rain very badly. We have had rain on
week in 1900, and that for the season to date the aggregate net one day of the past week, but to the extent of only one hunoverland exhibits a decrease from a year ago of 150,961 bales. dredth of an inch.
The thermometer has ranged from 70 to
107, averaging 88.
1899-1900.
1900-1901.
In Sight and Spinners'
Columbus, Mississippi. Rain has fallen on two days of the
Since
Since
Takings.
week, to the extent of one inch and fifty-seven hundredths of
Week. Sept. 1.
Week. Sept. 1.
an inch. Average thermometer 85, highest 101 and lowest 69.
Vicksburg, Mississippi.— Cotton is doing fairly well. It
Receipts at ports to July 19
49,575 7,466,162 40,879 6,487,855
2,385 1,245,863 has rained on three days of the week. The rainfall has been
BTet overland to July 19
3101,094,902
Southern consumption to July 19. 29,000 1,317,000 32,0001,397,000 thirty
hundredths of an inch. The thermometer has averTotal marketed
78,885 9.878,064 75,264 9.130,718 aged 84, ranging from 70 to 100.
interior stocks In ezoess..
23,520 153.970 •14,022 U78.930
Meridian, Mississippi.— Rain on three days of the week
has benefited crops some, but they have been seriously damCame Into sight during week. 55,365
61,242
10032034
Total in sight July 19
8,951,788 aged by drought and hot weather and winds. The temperature has ranged from 70 to 104.
Worth'n spinners tak'gs to July 1
1252,195,323
1,957,981
Little Rock, Arkansas.— While rain has fallen during the
* Decrease during week.
week, it consisted of local showers that did but little if any
Movement into sight in previous years.
good. It has rained here on three days, the rainfall being
Sm e Sept. l. thirty-three hundredths of an inch. The thermometer has
Week.
1899
1898-99
balee. 37,473
bales. 11.022,466
ranged from 70 to 106, averaging 88.
1898
10,907.701
23,172 1897-98
Helena, Arkansas. Cotton is not doing well and corn and
1897
15,766 1896-97
8,345,516
1896
1895-96
15,684
6,945,300 vegetables are almost ruined.
We have had light rain on
10,442 1,720,263
9,242 1,758,069
—
—
—
—
THE CHRONICLE.
146
two dajs duriDg the week, to the extent of thirty nine hundredths of an inch. Average thermometer 84'6, highest
102-5, lowest (17.
—
—
Manchester Market. Our report received by cable
to-night from Manchester states that the market continues
(|uiet for yarns and firm for shirtings.
Stocks of yarn are
accumulating.
give the prices for to-day bolow and
leave those tor previous weeks of this and last year for
Memphis, 'Jennessee. The drought continues. We have
had no rain since June 16th. A few partial showers in this
immediate section has benefited cotton, but this (Memphis) comparison.
Corn has been
district is generally suffering for moisture.
seriously injured. The thermometer has averaged 85-6, the
highest being 102*5, the highest on record, and the lowest 7:5.
.„, flM
Mobile, Alabama.— Tori id weather prevailed in the early
J -°P'
Twxst.
part of the week, but good rains occurred in the latter portion.
Recent rains have been beneficial, but cotton was in
d.
d.
jured by previous dry, hot weather. It has rained on two J'e 14 75 6 «86, 8
" 21 7H ©8 *
days duriDg the week, the rainfall being one inch and ninety" 28
eight hundredths. The thermometer has ranged from 71 to July 5 7>4 «8»4
1
102,
averaging
8'S.
Montgomery, Alabama.— Fields are generally clean and
the crop looks a little better since the rain. It has rained on
three days of the week, the rainfall reaching eighty hundredths of an inch. Average thermometer 83, highest 105,
lowest 67.
Selma, Alabama.— There has been rain on two days of the
week, the rainfall being one inch and eighty-eight hundredths. The thermometer has averaged 87, highest 102 and
lowest 72.
Madison, Florida. Rainfall for the week one inch and
eighty hundredths on three days. The thermometer has
averaged 87, ranging from 72 to 101.
Savannah, Georgia. We have had rain on four days during the week, to the extent of fifty-one hundredths of an
inch. Thermometer ranged from 70 to 96, averaging 81.
Augusta, Georgia. The weather has been better the past
have
week. Cotton is fruiting but is late and small.
had rain on four days of the week, to the extent of two inches and nineteen hundredths. Average thermometer 82, highest 95 and lowest 70.
Charleston, South Carolina. There has been rain on five
days of the week, to the extent of sixty-eight hundredths of
an inch. The thermometer has averaged 80, the highest
being 90 and the lowest 72.
Stateburg, South Carolina.— Cotton is improving some, but
714
" 12 714
" 19 7i«
—
We
We
1900.
1901.
_
\8H lbs. Shirt- OoU'n
a i* vop. ingt, common Mid.
8>4 lbs. Shirt OoU'n
inat, common Mid.
8.
d.
5
5
5
2
t»8>4 15
l>8>4 5
«8ie 5
2
S.
Twist.
Uplds
to finest.
d.
«8
«8
d.
d.
41» 32 7 7e
!
4U le
4H lf
2»«»8
d.
®83t
d.
5
3
S
77 8 «8i3, e 5
8
»8 78
5
423 32 3 1e »8 7e 5
S3]g»8i5 16 5
48g
5
418,2 8 *4 9 9
2ifl98
3 «8
Uplds
to finest.
s.
ft.
d.
d.
©7
97
5M«
4i«07 9
8«M
5" M
B»m
11
10>«
4»«»7 10>«
4»«i»7 10
53. „
5»8
4>jil7 9
98
European Cotton Consumption to July 1.— By cable
3
to-day we have Mr. Ellison's cotton figures brought down to
July 1.
We give also revised totals for last year that
comparison may be made. The spinners takings in actual
bales and pounds have been as follows:
Oct. 1 to
—
—
[Vol. LXXlll,
July
1.
Great Britain
Continent.
Total.
Vor 1900-1901.
Takings by spinners... bales
2,537,000
6,397,000
3,960,000
Average weight of bales. lbs
511
487
4965
Takings 111 pounds
1,296,407,000 1,879,820,000 3,176,227,000
For 1899-1900.
Takings by spinners. .bales
2,757,000
3,655,000'
6,112,000
Average weight of bales. lbs
507
493
499
Takings in pounds
1,397,692,0001.801.915,000 3,199,607,000
.
According to the above, the average weight of the deliveries
Great Britain is 511 pounds per bale this season, against
507 pounds during the same time last season. The Continental
deliveries average 487 pounds, against 493 pounds last year,
and for the whole of Europe the deliveries average 496'
pounds per bale, against 499
pounds last season.
Our
dispatch also gives the full movement for this year and last
is several weeks late, and rain is needed in many places. There year in bales of 500 pounds.
has been rain here on four days of the past week, inappreciable on one, the precipitation reaching seventy-seven
1900-1901.
Oct. 1 to July 1.
1899-1900.
hundredths of an inch. The thermometer has averaged 80*2, Bales
of 500 lbs. each,
Great
Oonti
ranging from 71 to 91.
Great
Oonti000s omitted.
Total.
Tola.
Greenwood, South Carolina. Five per cent of the cotton
Britain nent.
Britain nent.
crop has been abandoned, another 5 per cent is off on stands.
63.
525
371,
47,
324
883,
Half of the area has had no rain in five weeks, and estimates Spinners' stock Oot.l
Takings to July I.. .. 2.593, 3,760, 6,353, 2,795
3,604 6,399,
are for only half a crop; but the balance has had showers
and is in good condition. We have had rain on one day dur- Supply
2,858
2,640.
6,724
4,129, 6,987,
4,084.
ing the week. The rainfall reached twenty hundredths of Consumpt'n, 39 weeks 2,510. 3,393, 5,903
2,652
3,453, 6,105,
an inch. Thermometer ranged from 71 to 93, averaging 82.
130
821,
206,
676
691,
882,
Charlotte, North Carolina. Too much rain has retarded Spinners' stook July 1
the progress of the crop. The week's rainfall has been one Weekly Consumption,
inch and ninety- two hundredths. Average thermometer 78,
000s omitted.
highest 88, lowest 69.
In October
137,
50,
68,
91,
159,
87,
India Cotton Movement pbom all Ports.—The reoelpts
In November
153,
66,
68,
91,
159,
87,
of ootton at Bombay and the shipments from all India ports
In December
153,
68,
91,
159,
66,
87,
for the week ending July 18, and for the season from Sept. 1
In January .....
153,
68,
66,
87,
155,
87,
to July 18 for three years have been as follows:
In February
153,
66,
87,
155,
87,
68,
—
in
—
—
Receipts at—
Week.
Since
Since
Week.
Sept. 1.
8,000 1,891,000
For the Week.
Since
In June
Since September
1.
Mzporti
from—
Great
Britain.
Continent.
Total.
Great
Britain.
Continent.
Total.
Bombay—
1900-01..
1899-00..
1898-99..
6,000
2,000
4,000
6,000
3,000
4,000
67,000
5,000
15,000
553,000
95,000
520,000
620,000
100,000
535,000
2,000
3,000
2,000
2,000
3,000
2,000
4,000
2,000
2,000
38,000
26,000
29,000
42,000
25,000
31,000
1,000
1,000
1,000
1000
8,000
4,000
2,000
17,000
10,000
17.000
25,000
14,000
19,000
Calcutta—
1900-01..
1899-00..
1898-9^..
Madras—
1900-01
.
1899-00..
1898-99..
All others—
1900-01..
1899-00..
1898-99..
Total all—
1900-01..
189900..
1,000
1,000
3,000
2,000
4,000
4,000
2.000
4.000
12,000
4,000
7,000
109,000
71,000
107,000
121,000
75,000
114,000
1,000
2,000
12.000
7,000
10,000
13,000
9,000
10,000
91,000
15,000
26,000
717,000
202,000
67 6, 000
808,000
217,000
699,000
1898-99..
Alexandria Receipts
Alexandria. Egypt,
July 17.
a.nd
1900-1901.
Shipments op cotton.1899-1900.
1898-1899.
Reoelpts (eantars*)...
16,000
5,432,000
Thi$
week.
Since
Sept. 1.
6,434,000
This
week.
5,580,000
Since
Th.it
Since
Sept. 1.
week.
Sept. 1.
395,000
Exports (bales)—
To Liverpool....
Total Europe
314,000
13,000 333,000
1,000 405,000
324,000
3,000 366,000
13,000 647.000
4,000 300,000
3,000 690,000
'.
66,
66,
66,
66,
87,
87,
87,
87,
153,
153,
153,
153,
68,
87.
68,
87,
68,
68.
87,
89,
155,
155,
155,
157,
Government Weekly Cotton Report.— Mr. James Berry,
12,000 2,005,000
899,000
March
In April
In May
Sept. 1.
Week.
Sept. 1.
5,000
In
1898-1899.
1899-1900.
1900-1901.
of the Climate and Crop Division of the TJ. S.
Weather Bureau, made public on Tuesday the following
telegraphic reports on the crops in the Southern States for
the week ending July 15
North Carolina.— Excessive rains in eastern and over limited por-
Chief
ons of western district injured crops, stopped work and started grass;
otton making too much weea.
South CAROLrNA.— Dry and hot; favorable for cleaning orops but
they need rain; cotton improving with cultivation, and although very
small, looks healthy and is fruiting better than last week.
Georgia. -Intensely warm week, with little or no rain, except over
limited areas; conditions favorable for cultivation; cotton parched bv
hot winds, heat and drought, and dying in some localities; plants small
and fruiting low; blight, rust and black root reported in several southern counties, many fields abandoned.
Florida.— Week generally favorable; although condition of ootton
is not uniform it improved during week, is quite tree from grass in
western distriot, where it is advancing nicely, not so well cultivated
in north and central districts, though fruiting more freely; rain needed
over large seotion.
Alabama.— Excessively hot, with drying winds; insufficient showerp;
in extreme east and southwest drought serious; cotton small but
olean, well formed, and fruiting fairly well.
Mississippi —Very hot and, dry; ootton being laid by, clean and
healthy, continues to dowell'on bottom lands, growth retarded by
blooming to top on uplands, needs rain.
Louisiana.— Showers first of week in south portion and higher temperature; only a few light, scattered showers in north portion; cotton
standing drought, but in many places has stopped growing, while
very small, is fruiting at top, needs rain badly.
Texas.— Hot and dry in north, general showers In south, with good
local ralus in southwest port'on; cotton well cultivated, oondition below average, needs general heavy rain, but plant appears well rooted
and standing drought better than expected, orop improved in southwest portion, where early planting now opening and some picking has
been done; plant blooming to top in scattered localities.
Arkansas.— Excessively high temperatures with general absence of
rainfall; all crops tjreatly damaged by drought; cotton being damaged
and unless rain falls soon, damage will be serious in most places.
Tennessee.— High temperature, muoh sunshine, and drying winds
caused rapid deterioration in growing crops and, except where timely
local iains fell, drought is making conditions serious; ootton made
fair progress until last few days.
1
July
THE CHRONKLK.
20, li)Ol.]
Oklahoma and Indian Tkrkitokiks.— Drought
vegetation damaged; cotton
reported.
still
Intense
»<
r
doing fairly well but tome
r
117
Thepncei are yw&n in pence and ck/ii
and 4 01 meang 4 l-64d.
f
aui
4 83
m.,
4 63-64(1..
Missooui.— Another week of extreme heat and drought; cotton genIts own, but boiuo ooinplaint of attending,
These reports on cotton are summarized by the
ment as follows:
Except In the Carolinas and Florida, oottnn 1m general}
tlvated. and over the greater part of the central and weatei d diatrlota
Is standing the drought well, although growth has been Oheoked, and
fruiting at the top la eommonly reported, cottou baa offered from
heavy rains In North Carolina, where it la making too much stalk, in
Georgia the prospect in much below the average, and many fl.-i.ls
have been abandoned. In Southwest Texas early cotton is opening
and some picking baa been done.
Texas Weekly Crop Bulletin— The weekly crop bulletin for the State of Texas, issued last Tuesday (July 1G), had
the following bearing upon cotton
The mean temperature for the week, taken from the reoords of a
large number of stations soattered throughout the State, was 85 degrees, which la above the normal. During the last two days the record
for warm weather for this season was broken In many localities, and
temperatures from 100 to 108 were general over the State exoepi
'Ion.
July 15.
Mat.
July 13
erally holding
I
Wed.
ii.--.
July
July
16.
Tli ura.
Frl.
July 18 July 19.
17.
I
124 1 12i« 4 12i* 4 124 4 124 4
4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
ff
:
along the coast. A marked deficiency in rainfall for the State Is again
noted. Wlille showers, and in a few instances heavy rains, occurred
on the 10th, 11th and 12th over the southwest portion and along the
Gulf coast, there were only a few localities where the droughty conditions were relieved. Over the northern, oentral, western, and, notably, over the northeastern sections, the drought is pratlcally unbroken the few scattered showers that fell over these districts did
little more than dampen the ground and were of no bent tit to vegetation. In some looalties it has been seven weeks slnoe rain fell, and In
a great many sections the drought has remained unbroken for over a
month. The general weather conditions duringthe week for the State
as a whole were decidedly unfavorable for the growth and development of crops. Cotton, that haa withstood the drought ao well, is beginning to fall. That planted on nplanda la shedding badly and in
many other ways showa the effeots of dry weather. Lowland cotton is
doing fairly well It ia fruiting rapidly, but the orop needs rain badly,
and unless it la relieved aoon much less than an average orop will be
made. In the Southwest portion of the State some ootton has been
picked, but It will be some time before this work will be general. In
Frio County one bale of ootton has been ginned.
d.
d.
d.
d
d.
d.
d.
d.
4 36 4 36 4 36 4 34 4 33 4 32
4 33 4 32 4 82
Juiy-Aug.... 4 35 4 8fl
Aug.-Sept... 4 31 4 31 i :u 4 30 4 29 4 2!»
8ept.,L.M.O. 4 81 4 31 4 32 4 30 4 29 4 29
Oot., O.O. 0.4 23 4 23 4 24 4 21 4 22 4 21
Oct. Nov.... 4 20 4 20 4 22 4 19 4 20 4 19
Nov.-Oeo... 4 19 4 19421 4 18 4 18 4 18
Deo. -Jan.... 4 19 4 19 4 21 4 18 4 19 418
.hin.-Feb.... 4 19 4 194 21 4 18 4 19 4 18
l'eb.-Mch... 4 19 4 19 4 22 4 1U 4 19 4 18
Meh -Apr. .4 20 4 20 4 22 4 20 4 20 4 19
431
1
4
4 30
4 27
4 27
4 20
Jnly
4
1
4
4
4
Is 4
d.
32
32
29
29
22
20
d.
4 34 4 35 4
4 3J 4 34 4
4 31 4 3/ 4
1 SI 4 32 4
4 24 4 20 4
4 22 4 2 4
d.
31
.
4 17 4 19 4 21 4 22 4
4 17 4 19 421 4 22 4
4 17 4 19 4 21 4 22 4
4 18 4 20 4 22 4 23 4
41. 4 20 4 22 4 24 4
.
31 4 32
28 4 29
4 29
20 4 20
2 8
18
4:8
17 4 17
17 4 17
17 4 18
13 4 18
19 4 19
Jute Butts, BAGGING, Etc.— The market for jute bagging has continued quiet the past week at unchanged prices.
vz.: 5/gc. for \% lbs. and 6^c. f o r 2 lbs., standard grades,
Car-load lots of standard brands are quoted at 6Ja@6J.£c,
Jute butts dull at l£a@l%C.
f. o. b., according to quality.
for paper quality and 2%@2>^c. for bagging quality.
;
;
—
Shipping jnews. as snown on a previous page, the
exports of ootton from the United States the past week have
reaohed 30,612 bales. The shipments in detail, as
from mall and telegraphic returns, are as follows:
made op
Total bale*
1,991
New York— To Liverpool, per steamer Cevio,
K
1,991
Hull, per steamer Toronto. 62.
.Manchester, per steamerMaskelyne, 960 upland and
501 Sea Island
To
To
To Havre, per steamers Nordpol, 300 .. Songa, 300
To Bremen, per steamer Koenigen Lulae, 2,6o2
To Hamburg, per eteaiuers March, 600
Phoenicia, 193..
To Oporto, per steamer Peninsular. 300
To Genoa, per steamer Marco Minghetti. 402
To Naples, per steamer Marco Minghetti, 11&
Sew Orleans—To Liverpool— July 17— Steamer Costa Rican,
1,757
To Belfast-July 12— Steamer Malin Head, 2,394
To Copenhagen— July 15— Steamer Alabama, 1,595
Galvbston—To Bremen— July 16— Steamer Treasury, 2,231..
To Hamburg— July 16 8teamer Treasury, 1,252
July
17— Steamer Hemisphere, 2,187
July 17 -Steamer Hornby Castle, 451
To AntwerpPenbacola— To Liverpool—J uly 13— Steamer Franolsoa, 4,044
BRUNSWICK— To Liveroool— July 19— Steamer Axminster, 344
Newport News— To Liverpool—July 13—Steamer Kanawha,
562
1,461
600
2,662
793
300
402
115
1.757
2,394
1,595
2,231
3,439
451
4,044
344
42
42
Boston— To Liverpool— Jnly 9-8teamer Devonian, 91
July 13-8teamer Michigan, 83
July 16— Steamer
New England,
934
Baltimore— To Liverpool— July 12— Steamer Indore, 1,157
To Bremen -July 17— 8teamer Hannover, 2,214
To Hamburg— July 12-Steamer Belgla, 750
San Francisco-To Japan—July 17— Steamer Nippon Maru,
200
1,108
1,157
2,214
750
200
TotaL
30,612
—
Liyebpool. By oable from Liverpool we have the following statement of the week's sales, stocks, 6tc, at that port,
June 28
Sales of the
week
47,000
500
1,200
41,000
3,000
48,000
682,000
550,000
42,000
33,000
76,000
59,000
bales.
Of which exporters took...
Of whioh speculators took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of whioh Amerloan— Est'd.
Total Import of the week
Of whioh Amerloan
Amount
afloat
Of which American
July
5.
42,000
1.400
1,000
36,000
3,000
54,000
659,000
528,000
34,000
28,000
55,000
40,000
July 12
39,000
1,900
1,400
35,000
10,000
59,000
631,000
605,000
41,000
32,000
60,000
45,000
July 19
40,000
2,900
300
34,000
7,000
48,000
591,000
462,000
19,000
7,000
67,000
55,000
The tone of the Liverpool market for spots and futures,
eaoh day of the week ending July 19 and the daily dosing
prioes of spot ootton, have been as follows.
Spot.
Market,
12 30 P. m.
Sat'day.
)
Firmer.
£
Mld.Upl'da.
Monday. lueiday. Wed' day. TKurtd'y Friday
Moderate
demand.
Dull.
Quiet.
Moderate Moderate
demand. demand.
419 33
*"16
431 32
41»32
4,000
Bpeo.
<h
7,000
6,000
7.000
7,000
7,000
300
exp.
500
500
500
500
500
Futurei.
Market,
12:30 p.m.
Market,
4 P. M.
Steady
{
\
at
Steady
at
3-64© 4- 64 8 64 @ 3 64
advance. advance.
\
Quiet.
Quiet.
Quiet.
Steady.
Br'lyst'dy Steady at Steady at
3-64 1-64 <&2-64 4-04 t
2-64
decline.
advance.
decline.
@
Feverish,
Steady.
Feverish.
\
The prioes
of futures at Liverpool for eaoh day are given
Prioes are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
below.
BREADSTUFFS.
Friday. July 19, 1901.
A fair volume of business has been transacted in the market for wheat flour. The local grocery trade has been a
steady buyer of such supplies as have been needed to meet
current wants. The principal spring-wheat mills are reported fairly well sold ahead, and they have not been pushing sales. Winter- wheat flours have been reported firm, with
limited offerings. The demand for rye flour has been limited
to jobbing lots, but prices have held steady. Corn meal has
been firmly held but only a limited volume of business has
been transacted.
Speculation in wheat for future delivery has been moderately active. Early in the week prices showed a reactionary
tendency, as the impression became fairly general that the
reports of damage to the springwheat by hot, dry weather
were exaggerated, and there also were predictions of rain,
which prompted moderate
selling.
Subsequently, however,
the market again turned stronger and the loss in prices was
more than recovered. The weather conditions continued to
be reported as unfavorable for the growing orop; the rainfall
reported, it was claimed, not being sufficient to break the
drought. The European cable advices also showed that the
foreign markets responded promptly to the steadier turn of
the American market. Crop news from Continental Europe
was not particularly promising, complaints of dry weather
being received. The spot market was easier early in the
fairly large business has
week, but later turned stronger.
been transacted,as exporters have been steady buyers. To-day
there was a moderately active and higher market on stronger
cable advices and reports of rising temperature in the
Northwest. The spot market was fairly active. The sales for
export here and at outports were 760,000 bushels.
DAILY CLOSING PRICES OF NO. 2 RED WINTER IN NK1V YORK.
Frt.
Hon.
Tuei.
Wed. Thurt.
8at.
Cash wheat f. o. b
75
75%
76%
76*8
764
758a
A
July delivery in elev
Sept. delivery In elev....
Deo. delivery in elev
73%
72%
744
725a
72
74
73k
72%
74%
744
734
75%
73%
743a
74%
744
753a
76
DAILY CLOSING PRICES OF NO. 2 SPRING IN CHICAGO.
Thurt.
Wed.
Man.
Tue$.
Sat.
July delivery In elev
67
66 7
654
65%
663s
rj
Fri.
67%
8b %
684
684
69
674
67
70
69 7 3
694
694
68%
The feature of the market for Indian corn futures in the
week under review was a sensational break in prices on Saturday last, due to free liquidation by speculative holders
and predictions of rains in the corn belt over Sunday. Monday there was a further fractional loss in prices, under continued selling to liquidate long accounts and reports of rains
in Kansas and Nebraska. Daring the week, however, there
was a steady hardening of prices, as the advices received
from the corn belt, particularly west of the Mississippi,
stated that the rainfall experienced was insufficient to break
the drought and that the condition of the crop was 6teadily
deteriorating. The spot market has been quiet prices have
followed futures. To-day there wa3 an active and higher
market, on crop news. The spot market was firmer but
quiet. The sales for export here and at outports were 70,000
Sept delivery in elev
Deo. delivery In elev
bushels.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN OX
Fr%.
Thurt.
Wed.
Tut*.
JHon.
8at.
57%
53%
Cash corn f. o. b
53%
55 78
534
544
53%
July delivery in elev
52%
544
53%
524
56%
Sept. deUvery in elev
544
55
53%
52%
53%
56*
54%
55
Deo. delivery in elev
55%
53
53 7a
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Fr\
Thurt.
Wed.
Tuet.
Mon.
Sat.
50U
July delivery In elev
49
48%
47%
48%
NEW YORK.
Sept. delivery In elev....
Deo. deUverv in elev
504
50%
49%
50%
51Tj
53%
51%
52%
49 7a
514
50
Oats for future delivery at the Western market have been
uder prefairly active.
Early in the week
dictions of raiD and in^ympathy with the break in values for
other grains. During" the week the market again turned
stronger on continued reports of unfavorable weather conLocally
ditions for the growing crop, and prices advanced.
\
THE CHRONICLE.
14:8
the spot market has been firm, and a fairly large export business has been transacted. To-day there was a fairly active
and higher market.
DAILT CLOSING PRICES OF OAT8 IN
YORK.
Sat.
Mon.
Fri.
Tut*.
Wed. Thnrs.
36i2
87
37
36*9
37
No. 2 mixed In elev
86«fl
3!>
38
38
38
BTo. 2 white In elev
37»s
39>s
DAILT CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Sat.
Frt.
Mon.
rite*.
Wed. Th.ur$
30>4
30 14
32
34*a
July delivery In elev
30*
298b
31^8
31°*
33
Sept. delivery In elev.... 31
30 ?e
31*
36i8
34*8
34*8
May delivery In elev
35
Rye has been easier, but the close was steady Barley has
been neglected.
Following are the closing quotations:
FLOUR.
Patent, winter.... $3 65 ©3 85
Pine
$2 15 • ....
2 30 ©2 40
City mills, patent. 3 90 ©4 10
Superfine
2 35 «2 50
Rye flour.superflne 2 65 ©3 45
Extra, No. 2
2 65 «2 75
Extra, No. 1
Buokwheat flour..
© ....
Corn meal—
Clears
2 90 ©3 30
3 30 ©3 50
Wester n etc .... 2 65 ©2 75
Straights
3 65 ©4 35
Brandywlne
Patent, spring
2 80 © ....
(Wheat flour In sacks sells at prices below those for barrels.)
NEW
,
Wheat, per busn.—
o.
Hard Duluth, No.l
N'thern Dul., No.l
Red winter, No. 2
Hard N. Y. No. 2.
Oats—Mix' d, p. bush.
83
c.
GRAIN.
Corn, per bush.—
% © 8 5 1«
74'8»76»8
74* o76i«
7478 ©76S8
36!fla>38ifl
©42i«
White
No. 2 mixed
39
37
No. 2 white
39iat»41
©38
c
Great Britain
Other European....
India
Arabia
Afrloa
West Indies
893
47,432
88
3
7,775
103
451
21
32
597
87
2,277
25,161
5,552
11,937
1,031
4,871
34,582
4,461
86
958
55
229
259
88
©56
©57
©61
©52
1,824
140,975
9,541
Kansas Ci y, Mo., -02; Springfield, Mo., trace;
Wichita. Kan.. -10; Omaha, Neb., -78; Valentine, Neb., -18; Huron, S. D., -08; St. Paul, Minn.. -30; Cheyenne,
Wyo., "08. The early oorn In Central and Southern Missouri, portions
of Eastern Kansas, Arkansas and in the Central and Western Gulf
States has been irreparably injured. In the Upper Ohio Valley corn,
while needing rain, has Improved, and in the Atlantic Coast districts
the crop has made excellent progress.
Winter Wheat —Winter wheat harvest is about finished, exc pt in
the more northerly portion of the Atlantic ooast districts, where in
some sections it has been retarded by rain. Harvesting has begun in
the North Pacific coast region under very favorable conditions.
Spring Wheat.— Over the southern portion of the spring wheat region, spring wheat has ripened prematurely and the general prospect
is less promising than previously reported.
In the northern portion,
however, the outlook continued favorable. Harvesting is expected to
begin in Northern Minnesota by the 18th. In Oregon spring wheat is
01;
-14;
needing rain.
Oats.— Oats have suffered in common with other crops from the
heat and the drought in the States of the Central valleys. £) arresting is now progressing in the more northerly sections.
220,279
The value of the New Xork exports for the year to date
h»s been $6,211,633 in 1901, against $9,369,529 in 1900.
New business in heavy brown sheetings and drills with
China is at a standstill just now and the home demand continues very quiet. As there are no stocks of any moment in
sight, this has no influence upon the attitude of sellers, and
prices are steadily maintained. Sellers of bleached cottons
also adhere to former quotations in all grades, in face of a
quiet demand. Wide sheetings are slow of sale but in limited supply.
Business in ducks and brown osnaburgs, and in
cotton flannels and blankets, has been featureless. In most
quarters coarse,colored cottons, such as denims, ticks, plaids,
etc., are in limited supply, with manufacturers refusing to
make goods except on specific orders at full prices. Kidfinished cambrics are quiet but steady. There has been a
quiet market throughout for prints, but the tone is steady
for both staples and fancies. Fine printed fabrics have been
in fair request for next spring. The gingham situation is
unchanged, a quiet business passing at firm prices. Print
cloths are dull at 2%e. for regulars. Some wide goods are
slightly easier than a week ago.
Foreign Dry Goods. —Business
New
York, Friday, P. M., July 19, 1901.
There has not been any movement of importance on the
part of buyers during the past week in any department of
the market. The attendance has been limited from day to
day and the demand otherwise has ruled decidedly moderate.
The weather is still against an increase in the spot demand,
and there is no other influence strong enough just now to
stimulate the buying movement. Reports from out of- town
distributing centres show generally quiet conditions.although
towards the close of the week an improving tendency is
noted in some quarters. Limited as the current demand is,
it appears to be taking care of such proportion of current
production as is not already under contract, there being no
indication of unsold stocks increasing in any direction.
Sellers are not pressing for business at the expense of prices
and some of the most important are indifferent about booking forward contracts on the prevailing basis in staple cotton
goods. The financial condition of tbe trade is satisfactory,
collections being regular.
men's -wear woolen and worsted
goods division has ruled decidedly quiet during the past week,
although a number of new lines of light-weights for next
spring have been opened. None of these is regarded as of
first importance, still being confined chiefly to lower-grade
goods. The prices named vary from the same as a year ago
to 10 per cent decline. Buyers are generally waiting for the
opening of the American Woolen Company's piece-dyes,
officially announced for next Monday, for a definite line upon
in
new
lines of
fine dress
goods for spring is gradually expanding and the market is
generally steady in tone. Silks and ribbons are also steady,
but business has been moderate. The demand for linens is
quiet but prices are firmly maintained. Burlaps are steady,
with a limited demand.
Importations and Warehouse Withdrawals of Dry Goods
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Woolen Goods. —The
50
394
Total.
For other tables usnally given here aee pace 120.
THE DRY GOODS TRADE.
1.
132,037
8,304
21,605
2,504
15,109
1,908
6,844
24,616
4,901
China
583a»60i8
53
53
57
48
1,274
1,177
2,778
Western white
Barley— Western
Since Jan.
7
Mexloo
Rye, per bushwestern
State and Jersey
Week.
1.
82
Central America
South America.....
Other Countries....
bS^nbT's
1900.
15.
Week. Since Jan.
tt^ttblH
tive week of intense heat, the maximum temperatures over a large
part of these distriots ranging above 100 daily during the week, many
stations reporting from 100 to 109. With an almost entire absence of
rain the crops in the region named have been subjeoted to most unfavorable conditions. In the States lying immediately to the eastward of the Miss'ssippi River very high temperatures have a'so prevailed, but the heat has been less Intense and the effects not so serious
as in the districts to the westward. On the Atlantic coaBt very favorable temperature conditions have prevailed, with abundant rains, exoessive and damaging in portions of the Middle and south Atlantic
States. On the Paciflo coast it has been cool and dry, with frost in
Washington on the 12th.
Corn.—The corn crop as a whole in the great corn States of the central valleys ha* materially deteriorated and has sustained serious
injury over the western portion of the corn belt, especially in Missouri. Nebraska, Kansas and Oklahoma. A very large part of the
crop is late, however, and this has withstood the trying conditions of
drought and heat remarkably well, and with early rains will still
make a fair crop. This is particularly applicable in Iowa, Nebraska
and portions of Kansas and Northern Mlssouii. The following stations report rain during the twenty-four hours ending at 8 a. m July
V
to July
55 76»575 8
—
111.,
1901.
New York
No. 2 mixed
Western yellow
Government Weekly Grain Report. Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States, for the week ending
July 15, as follows:
Weather —The States of the Middle Rooky Mountain and Missouri
and Mississippi valleys have experienced another, the third, consecu-
16: Springfield,
the price situation, and before operating to any material extent for the coming season.
With a firmer market for raw
wool the opinion prevails that the American Woolen Company's opening will show a firm condition in woolen goods.
Buyers are purchasing but limited quantities of heavyweights jnst now, but the market is in good condition in
these. A quiet demand only has been reported in overcoatings and cloakings, and the dress goods market continues
dull throughout. Flannels and blankets are inactive.
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending July 15 were 1,824
packages, valued at |97,979, their destination being to the
points specified in the tables below:
Western mixed
Feeding
Fort Smith, Ark..
[VOL. LXXI1I.
a
*
M s
M
M ©
to
o §
o
July
THE CHRONICLE.
20, 1901.
149
Bond
Brockton, Muss.
city bai
awarded
r
*i.
Sale.
wafc
>.<ii
Commit-siouerH on
TERMS OF SUBSCRIPTION.
The Investors' Supplement will be furniehed without
extra charge to every annual subscriber of theCoMui r oial
and Financial Chronicle.
The State and city Supplement
—
V7<
.
.'is
to
; 8'K
basis.
ltrookllne, Majf.—Loan Authorized.
nave
authorized the Treasurer to borrow $100,000 for toe purposenrobasing land for play grounds.
HiM-lianuu County [P. 0. St. .lon-ph). Mo.— Bond OfftrP. M
Jul-,
i'tjo.— Proposals will be received until
N. D. Golf, County Treasurer, foi
bonds. Securities are in denomination of $1,000, dated A
Interest will be payable hi hm annuallj
1901.
1,
•
;
'-i
will also be Em n^hed
without extra oharge to every subscriber of tbeCHRi
furThe Street Railway Supplement will likewise
nished without extra charge to every subscriber of the
i
<
Chronicle.
,
Ww
York City. I
American Exchange National Baijk,
cipal will mature in 20 years, subject to call $50,000 aft<
A
ytais. $50,000 after 10 years and $50,000 after 15 J ears,
certified check for 2% of the par value of the bonds bid for
The QuotationSupplement, issued monthly, will also be
famished without extra charge to every subscriber of the
must be deposited by bidders with the County Treafeurer or
Chronicle.
American Exchange National Bank
the
with
TERMS for the Chronicle with the four Supplements fixed the the opening of the proposal*. These before will time
bonds
repfor
above named are Ten Dollars per year within the United
resent the total bonded debt of the county.
States and Thirteen Dollars in Europe, which in both cases
Cadillac, Mich.— Bowd Offering.— Proposals will be reincludes postage.
ceived until 12 M August 12, by W. J. Smith, City Clerk,
Securities are in denomination of
for $10,000 4% paik bonds.
Terms of Advertising— (Per Inch Space.)
June 30, 1901. Interest will be payable semiTransient matter (each tiuie)*H 20 Three Months (13 times) .$21)00 $1,0C0. dated
Principal
Six Months
STANDING BUSINESS CARDS.
(26 times). 50 00 annually at the Cadillac State Bank of Cadillac.
$22 00 TwelveMonth8(52tlmeB). 8700 will mature yearly on December 30 as follows
Two Months (8 times)
$1,000 in
liiOl afld a like amount in 1902, 1903 and 1904; $4,000 in
Bids will be opened at 8J p. m.
IS 05 and $3,000 in, 19o6.
Pennsylvania. Road Bond Bill Signed. The Governor
Aug. 12, 1901.
has signed a bill passed by the State Legislature which reCarboudale, Pa.— Bond Offering.— Proposals will be recently adjourned authorizing County Commissioners to borceived until 6 p. m., July 29, by N. L. Moon, City Clerk, for
row for road purposes not exceeding \% of the total assessed
coupon water bonds. Securities are issued in acvaluation of all property taxable for county purposes as $145,000 4%
cordance with the provisions of Ordinance, File of Common
shown by the last triennial assessment. The bonds are to
1901-1902, passed June 21, 1901, and were aubear interest at a rate not exceeding 4%. It is also provided Ccuncil No. 1,
thorized by a vote of 1,670 for to 328 against the issue. They
in the bill that no bonds over and above one- tenth of \% of
are in denomination of $1,000 datfd July 1,1901. Interest
the total valuation shall be issued in any one year.
,
:
—
,
will be payable semi annually at cffice of the City Treasurer.
Principal will mature on July 1 as follows $25,000 in 1900,
$25 000 in 1911, $50,000 in 1910 and $45,000 in 1921. Each proposal must be accompanied by a certified check fcr |50O,
payable to the City Treasurer, and the purchaser will be required to pay accrued interest to the date of delivery of the
bonds. Assessed.valuation of city property, 1901, $2,805,976.
Actual valuation. 1°01, $10,000,000. Total present city indebtedness, $43,066 13. School debt, $03,788 63. Population,
13,536.
Carthage, 0.— Bond Sale.- On July 9 the $1,765 70 oi 1-10:
Bond Calls and Redemptions.
Anne Arundel County (Md.) School District.— Bonds Redeemtd. — The School Commissioners of this county have just
redeemed $2,000 bonds issued
in 1896 for the purpose of building a school house in Annapolis.
Carthage, Mo.— Bond Call— This city has called for payment August 1 court-house bonds Nos. 92 and 93, each for
$500.
Colorado Springs, Colo.— Bond Call.— Edward C. Davis, year (serial) Cliff Street improvement bonds were awarded to
Acting City Treasurer, has called for payment August 5 at the German National Bank, Cincinnati, at 104-499 and acthe office of the City Treasurer or at the Chemical National crued interest. For description of bonds see Chronicle June
Bank, New York City, the following bonds
15, p. 1199.
$10,000 f * bonds Nos. 23 to 32, inclusive, dated July 1, 1888.
Chicago Junction, Ohio.— Bond Sale. — On July 12 the
2.000 81 bonds Nos
and 2. dated July 1, 18<)0.
$10,300 5% street- improvement bonds were awarded to Deuil.OuO o* bond No. 1, dated July l.iaao.
son, Prior & Co., Cleveland, at 100*81 and accrued interest.
Following are the bids
0.383 60
&
Proposals and Negotiations this Denison. PriorCo..Co.. Cleve. *$110.105 00 New 1st Nat.&Bank.Columbus|10,375 00
W R. Todd 4 Cincinnati.
P. S. BriKKB
I6.S0J 00
Co.. Cincin.
Lamprecht Bros. Co., Cleve.. 10,312 60
week have been as follows
* And accrued interest.
For full description of securities see Chronicle June 29,
Agnew School District, Santa Clara County, Cal.— Bond
Sale— Oa July 2 the $2,000 5£ 1-8-year (serial) bonds of this p. 1292.
district were sold to the First National Bank, San Jose, at
Cleveland, Ohio.— Corrected Date of Maturity.— In the
102-55.
Other bidders were Mary Fairchild, 102-50, and the offering for sale of $400,000 4% bonds of this city, given in last
Oakland Bank of Savings, 101-25. Securities are in denomi- week's Chronicle, the maturity of the bonds was given as
nation of $250.
April 1, 1925. This information was gleaned from an official
Akron (Ohio) School District.— Bond Offering.— The Fi- advertisement published in a local paper. We have just renance Committee of the Board of Education will sell at pub- ceived a copy of the proceedings authorizing these bonds,
lic auction at 10 a. si. July 29 an issue of $20,000 4% coupon
and find that the maturity of the same should be April 1,
refunding bonds. Securities are in denomination of $1,000, 1921, and not 1925 as given in the advertisement. In other
dated July 29, 1901. Interest will be payable semi-annually respects the details of the offering as published last week are
at the First National Bank, New York City. Principal will correct.
mature July 29, 1911.
Bond Sale.— On July 15 the $63,000 4% sewer district coupon
Ambler, Pa.—Bond Election Postponed. We are advised bonds maturing April 1, 1912, were awarded to Denison,
that the election which was to have been held on July 16 to Prior & Co., Cleveland, at 106*56. Following are the bids
vote on the issuance of $20,000 street-improvement bonds Denison. Prior & Co.. Cleve. .$R7,133 00 Farson. Leach & Co.. Chio....lG0,7t--' CO
Seasongood & Maver. Cincin. 67,105 08 W. J. Hayes & Sons, Cleve.. 67,072 10
was postponed until fall.
K. L. Day &
Armada, Macomb County, Mich.— Bond Election.— On New 1st Nat.Co.. New York... 67,043 07 Lamprecht Bros. Co., Cleve.. 66,710 70
Bauk.Columbus 66,622 50
July 22 an election will be held in this village to vote on the
For full description of bonds see Chronicle June 29, p.
issuance of $12,000 water- works bonds.
1293.
Bellevne, Ohio.— Bond Sale.- On July 17 the $10,000 4%
Cohoes, N. Y.— Bonds Proposed.— The issuance of $30,916 01
village-hall bonds were awarded to Seasongood & Mayer,
public-improvement bonds is being considered by the ComCincinnati, at 104-286. Following are the bids
mon Council.
Seasongood & Mayer, Cincin ...104-238 Lamprecht Bros. Co., Cleve
Hull
Bond Sale.— On July 17 the $20,000 3J£< 14-year (serial)
W. K. Todd *Co.. Cincinnati... 104 -05 P. S. BriKits A Co.. Cinciuuuti... 102*25
Feder, Uolzman & Co.. Cincin .10 ibO
102-10
certificates of indebtedness were awardedto the Cohoes SavCroatian Bank of Fremont
New 1st Nat. B'k, Columbus
102-78
Deuison, Prior & Co.. Cleve
10025
ings Institution at 100-175. For description of securities see
SV. J. Hayes & Sons, Cleve
102-63
Chronicle July 6, p. 45.
For description of bonds see Chronicle June 29, p. 1293.
Copenhagen, Lewis County, N. Y.— Bond Offering.— ProBig Stone County (P. 0. Ortonville), Minn.— Bond Offering.—Proposals will be received until 10 a. m., August 10, by posals will be received until 7 P. m., July 23, by W. P. Carthe Board of County Commissioners, for $30,000 bonds. Se- penter, Village Clerk, for $18,980 bonds. Interest (to be
named iu bid, not exceeding 4%.) will be payable February 1
curities are issued pursuant to the provisions of Chapter 299,
"
Laws of 1895. Interest, to be named in bid, must not exceed and August 1. The denomination of said bonds will be
such that the principal may, and it shall be, paid in 36 equal
3%#. Bonds will bear date of issue.
H. L. Z wiener is
annual instalments of $730, the first of which will be paid
County Auditor.
by a
Bradford, Ohio.—Bond Sale.— The following are the bids Aug. 1, 1906." Each proposal must be accompanied
certified check for $200.
Securities were authorized at an
received on July 8 for the $5,745 5% electric-light bonds, the
of this vildescription of which was inadvertently given in the Chron- election held March 19, 1901. Assessed valuation
lage is $226,120 and there is no other bonded indebtedn.
icle of July 6 under the head of Bradford, Pa.
East Alton (111.) School District.— Bonds Voted— This
Premium.
Premium
Third Nat. Bank. Piqua
tflOO CO Spitzer & Co.. Toledo
1185 00 district on July 8 voted in favor of issuing $7,000 schoolSeasongood &, Mayer. Cincin.... 24» 10 P. s. Brlgn & ('
Cincinnati,.. Par
building and site bonds.
.Deuison, Prior A Co., Cleve
248 Ha Mary H. BeviUKloo, Bradford
Lamprecht Bros. Co.. Cleve
Enfield (N. C.) tfraded School District.-Bond Offering.—
248 48
(bond No. 6)
2 65
New 1st Nut. Bk., Columbus
232 03
A. S. Harrison and David Bell, a committee of the Board of
Bonds were awarded to the Third National Bank of Piqua. School Trustees, will receive proposals until Aug. 1 for $7,:
)
:
Bond
..
.
:
—
:
I
I
I
|
:
»..
THE CHRONICLE.
150
000 6£ coupon bonds.
Securities are in denomination of $500
dated July 1, 1901. Interest will be payable semiannually,
and the principal will mature $500 yearly on Jan. 1 from 1903
to 191G, inclosive.BThese bonds were offered, but not sold, on
The assessed valuation of the district in $:56 7.410.
June 21
Everett, Mass.— Bond Sale.— This city has sold $25,000 41
30-year drainage bonds to Blake Bros. & Co., Boston, at
115-02, and $ 25,000 4% 30 year sewer bonds to the city sinking
fund at 11825.
&
Fall Klvcr, Mass.— Bond Sale.— On July 10 Estabrook
Co., Bos'on, were awarded $20,000 Z)4.% 20-year sewer bonds
at 105-579; also $20,000 highway, $7,000 curbing and $3,000
paving 3>0 10- year bonds at 102-188. Following are the bids
:
20-11
Estabrook &
Co.,
"''
Bond*
KM,/-. Bds.
lOriSS
I06\ri7y
106-81
106-10
106'05
Hoston
BlodKCll, Mcrritt & Co.. Boston
R. L. Day* ('»., Boston
Adams & Co., Boston
102-18
10217
102 16
see Chronicle July 13, p. 97.
Proposals will be reOffering.
ceived until 1 p. m., July 30, by J. M. Schatzel, City Clerk,
for $17,500 4$ street-improvement bonds. Securities are in
denomination of $500. Interest will be payable March 1 and
September 1 at the Chase National Bank, New York City.
Bonds will bear date of sale and will become due in semiannual instalments of $500 each, commencing March 1, 1902.
Accertified check for $500 must accompany proposals.
crued interest is to be paid by purchaser.
are advised that at
Fremont, Ohio. Bonds Voted.—
the election held July 11 the $35,000 4% water- works bonds
referred to in the Chronicle of June 29 were authorized by
a vote of 622 for to 257 against the issue.
For description of bonds
Fosturia, Ohio.— Bond
—
A
We
—
Oarretson, Minnehaha County, S. Dak.— Bond Sale. We
are advised that this city on July 3 sold $5,900 5% 20- year
coupon iaternal-improvement bonds to Kane & Co., Minneapolis, at 100-436 and accrued interest to date of delivery.
Securities are in denomination of $500. Interest is payable
annually at Garretson.
Grand Marais, Cook County, Minn.— Loan to be Nego-
— We
tiated ivith State.
are advised that this village has made
application to the State of Minnesota for a loan of $6,000 for
road and bridge purposes.
Greene County, Ohio.—Bond Sale.— On July 16 the $84,000
4% 5-25 year (serial) gold coupon court-house bonds were
awarded to the Citizens' National Bank of Xenia at 107*143.
For description of bonds see Chronicle June 8, p. 1152.
Haverhill, Mass.— Bond Offering.— Proposals will ba received until 10 a. m., July 23, by John A. Glines, City Treasurer, for $35,000 %%% coupon bonds. Securities are in denomination of $1,000, dated April 1, 1901. Interest is payable
April 1 and October 1 at the National Bank of Redemption,
Boston. Principal will mature April 1, 1911. The purchaser
will be required to pay accrued interest.
Hempstead, Nassau County, N. ¥.—Bond Offering —Proposals will be received until 12 M., July 31, by Lott Van de
Water Jr., Village Clerk, at the office of Fred. Ingraham,
No. 192 Broadway, New York City, for $50,000 gold coupon
water bonds. Securities are in denomination of $1,000, dated
Aug. 1, 1901. Interest (to be named in bids) will be at a rate
not exceeding "&%%. Principal will mature $3,000 yearly on
August 1 from 1906 to 1921, inclusive, and $2,000 on Aug. 1,
certified check for $2,500, payable to Edward Coop1922.
Accrued
er, Village Treasurer, must accompany proposals.
interest is to be paid by purchaser.
Humboldt, Tenn.— Bond Sale.— On July 11 the $30,000
4%% refunding and improvement bonds (four issue?) were
Mayer, Cincinnati, at 101, accrued
awarded to Seasongood
For description of securities see
interest and blank bonds.
A
rvoL. lxxiii
refunding bonds at 108-19. Bonds are dated July 1, 1901, and
the interest will be payable semi-annually.
Livingston Manor (N. Y.) Union Free School District
No. 2.— Bond Sale.— We are advised that the $5,000 4% 1-10year (serial) bonds which this district proposes to issue have
been contracted for.
Lorain (Ohio) School District.— Bond Offering— Proposals will be received until 12 m August 1, by E E. Hopkins,
Clerk of the Beard of Education, for the $55,000 4% conpon
school- house bonds voted on June 6, 1901. Securities are
issued pursuant to sections 8991,8992, 3993 and 3994 Ohio
School Laws, and are in denomination of $500, dated Aug. 1,
1901.
Interest will be payable semi annually at the Chase
National Bank, New York City. Principal will mature as
follows $2,500 Aug. 1, 1917; $2,500 Feb. 1, 1918, and $2,500
each six months thereafter until all is paid. Bidders will be
required to deposit with each bid an amount of money or a
certified check on some local bank in Lorain in the sum of
$500, and the purchaser will be required to pay accrued in,
:
terest.
Lubec, Me.
Bond
Offering.
— Proposals
will be received
by the Finance Committee, for $40,000 4%
20-year water bonds. Securities will be issued in denominations
of $500 or $l,C00, as desired by purchasers. They are dated
Aug. 1, 1901. Interest will be payable semi-annually. The
assessed valuation of the town is $873,530 and the net indebtedness, according to the last annual report, is said to
until 12 m., July 27,
be $378.
McConnelsville, Ohio.— Bond Sale— On Jnly 10 the $17,000
4% refunding bonds were awarded to E. M. Stanberg, McConnelsville, at 101-476.
Following are the bids
E. M- Stanberg, McConn'v'le. $17,251 00 New 1st Nat. B'k. Columbus. $17.^1 50
17.170 00
W.R. Toddft Co.. Clncln.... 17,550 00 P. 8. Briees A Co., Clncin..
Denlson, Prior & Co.. Cleve.. 17,891 40 L'rovident Sav. Bank, Cincln. 17.103 00
The bonds were awarded to Mr. Stanberg, as his was the
only bid made in accordance with the requirements. For de:
.
scription of bonds see
Chronicle June
29, p. 1294.
School District.— Bond Offering.— Proposals
will be received untill 1 p. m July 25, by the Board of Education, W. W. Duncan, Secretary, for the $10,500 schoolhouse bonds recently voted. Interest (to be named in bid,
not exceeding 5%) will be payable semi-annually at Marion.
Principal will mature $1,000 yearly in August from 1904 to
1912 and $1,500 in 1913. Bonds will be dated about Aug. 1,
Marion
(111.)
,
1901.
The present indebtedness
of the district
is
$2,000 in
bonds due in August, 1902 and 1903, $1,000 in each year. The
city of Marion, which is included in the school district, has
no bonded indebtedness.
Massachusetts.—No Bids Received.— We are advissd that
no bids were received on July 17 for the $8,126,800 Z% bonds
which this State proposed to issue.
Medo Township (P. 0. Mankato), Minn.—Bonds Voted.—
This town recently voted to issue $7,000 5% bonds in aid of
Securities
the Duluth Glencoe St. Cloud & Mankato RR
will be in denomination of $5C0, and are to run ten years,
subject to call after three years. We are advised by the
Town Clerk that it is very doubtful when these bonds will
be issued.
—
Milwaukee, Wis. Bond Offering. Proposals will be received until 10 a. m., July 22, 1901, by the Commissioners of
the Public Debt, care of John R. Wolf, City Comptroller, for
the following 3>££ 1-20-year ( serial) bonds
:
and 20 of $500 Jeach, dated July
1,
10 of $1,000 and 20 of $500 each, dated Jan.
1,
$50,000 Are-department bonds, 40of $1,000
1901.
50,000
West sewerage bonds,
1901.
Securities are issued under authority of Chapter 40b, Laws
of 1898, and the interest will be payable semi-annually at the
office of the City Treasurer or at the Morton Trust Co., New
Chronicle July 6, p. 46.
highest bid received July York City.
Ithaca, Mich. Bond Sale. The
Monterey Sehool District, Monterey County, CaL— Bond
16 for the $19,000 4% sewer- extension bonds was that of
Offering.— Proposals will be received until 2 p. m., July 25,
101-78. Following are the bids
Matthew Finn, Detroit, at
by James Taylor, Treasurer of Monterey County (P. O. Sali$16,267 60 N. W. Harris 4 Co., Chlcaeo..$15,057 00
Matthew Finn, Detroit
15,019 50
nas), for $20,000 b% gold refunding bonds of this district. SeLamprecht Bros. Co., Cleve. 16,219 00 8. A. Kean, Chicago
Duke M. Farson & Co., Chic. 15,1-59 65
curities are in denomination of $1,000, dated Aug. 1, 1901.
For description of bonds see Chronicle June 29, p. 1294.
Interest will be payable annually at Salinas City. Principal
Jackson, Miss. Bonds Defeated.— At the election held re- will mature one bond yearly on August 1 from 1902 to 1921,
cently in this city the question of issuing $25,000 school inclusive.
certified check, payable to the County Treasbonds was defeated by a vote of 43 for to 156 against the urer for 10$ of the amount bid, must accompany proposals.
proposition.
Montgomery, Ala.— Bond Offering.— Proposals will be reJefferson County, Texas. Bonds Voted. At the election ceived until 12 m., August 5, by R. H. Sommerville, City
held Jnly 8 the issuance of bonds for road improvements was Treasurer, for $75,000 4% 40 year bonds. Securities are auauthorized by a large majority.
thorized by an Act of the State Legislature, session of 1901.
Jefferson Township, Newton County, Ind.— Bond Sale.— They are in denomination of $1,000. Interest will be payOn July 16 the $45,412 40 4%% road bonds were awarded to able January 1 and July 1 at the American Exchange NaSons, Cleveland, at 101-36. Following are tional Bank, New York City. Proposals are also asked for
W. J. Hayes
the bids
Coupons are receivable for
bonds bearing 4%% interest.
Premium.
Premium. taxes and licenses.
certified check for $1,000 must ac1619 00 R. Kleybolte& Co.. Cincinnati.. $300 00
W. J. Hayes & Song. Cleve
W. R. Todd & Co., Cincinnati.. 601 CO J. V. Wild & Co., Indianapolis 15137 company proposals. These are the bonds which were offered
50000 Oenison, Prior & Co., Cleve
3700 for sale on June 29 but were not disposed of at that time.
S. A. Kean. Chicago
45100 Meyer & Riser, Indianapolis... 25O0
William Heffron
Mount Vernon, N. Y. Bjnd Offering.—Proposals will be
For description of bonds see Chronicle June 15, p. 1200.
received until 8 p.m., July 30, by the Common Council, for
Kingsville, Ont.— Debenture Offering. Proposals will be $60,000 4% assessment bonds. Securities are in denomination
received until August 3 by W. A. Smith, Town Clerk, for of $1,000, dated July 1, 1901. Interest will be payable semi$4,000 4\4$ 15-year school debentures.
annually at the office of the City Treasurer. Principal will
Lawrence, Mass.— Temporary Loan.— This city has bor- mature July 1, 190b\
certified check for $1,000 will be rerowed temporarily from Jose, Parker
Co., Boston, $50,000 quired with bids.
at 3-57# discount.
Mount Vernon (N. ¥.) School District.— Bond Award
are advised that Corrected.—In our issue of last week we reported the sale on
Leon, Iowa.— Bonds Not Yet Sold.
this place has not yet sold the $4,000 4% 10-2o-year (optional) July 1 of the $30,000 Z%% 30-year school bonds to W. J.
water bonds which were offered for sale on Jane 1, 1901.
Sons, Cleveland, at 102-10. While the bid of the
Hayes
Liberty, N. Y.—Bond Sale.— This town has sold at private Cleveland firm was the highest, we are now advised that the
sale to M. A. Stein, New York, an issue of $4,000 4% 20-year bonds have been awarded to the second bidder, Rudolph
&
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&
July
THE CHRONICLE.
20, 1901.]
Kleybolte & Co. of New York, at 10152. Geo. M. Hahn,
New York, also bid, hie offer being 100-79.
Nashville, Tenii.— Bonds Voted.— At the election held July
10 the proposition to issue $350, COO trunk-sewer bonds carried
by a vote of 1,364 to 281, and. the question of issuing |360
street bonds also carried, the vote being 1,365 to 253.
Northampton, Mass.— Temporary Loan.— This city has
borrowed $75,000 from George Mixter, Boston, at 3 :
Loan matures Nov. 29, 1901.
Norway, Mich.— Bond Sale.-On July 15 the $0,000 6?
water- works-extension bonds were awarded to the State
Bank of Norway at 107-838. For description of bords Bee
Chronici.k July 13, p. 98.
Ohio State University.— Bond Offering.— Proposals will
be received until 12 M., Aug. 28, by L. M. Jewett, Secretary
(P. O.Athens), for $10,000 5% certificates of indebtedness, d.-u. rj
InSept. 1, 1901. Securities are in denomination of $500.
terest will be payable semi annually at the Importers'
York City. Certificates will draw inTraders' Bank,
Principal will mature
terest from and after Sept. 1, 1901.
L
$5,000 on Sept. 1,1908, and $5,000 on Sept. 1,1909
examination must be made before sale, and certificates paid
for on that day.
01(1 Town, Me.— Bonds Authorized— The issuance of $5,000
&
New
4% refundirg bonds has been authorized.
Parry Sound, Ont.— Debenture Offering.— W. L. Haigbt,
TOwn Clerk, is offering for sale the following debentures
$20,000 i% debentures In aid of tbe James Bav Hallway, to run 30 years.
:
24,i
004*
2.600
running 30 yearB.
bridge debentures, ruuning 20 years.
electric- light debentures,
J }-i%
Omaha (Neb.) School District.- Bond Sale.-Oa July 15
the $40,00U 4$ 20- year bonds were awarded to MacDoLald,
McCoy & Co., Chicago, at 104*42. Following are the bids
10200
MacDonald. McCoy* Co.,Chlo... 104-42 Lamprecht Bros. Co. Cleve
103 CO
OumbaNat. Bank
For description of bonds see Chronicle July 6, p, 47.
Owen Sound, Ont.— Debenture Hale.— On July 11 the $30,000 4% 30-year water- works debentures were awarded to A.
W. Harrison at 101-25 and accrued interest. Following are
the bids
$30.376 A. E. Ames & Co
A. W. Harrison
$29,731
:
.
I
1
151
annually at euch place as may be fixed by said board by resolution to be adopted after the sale and
-is
bonds. Principal will mature July 1, 1911. J. '1
y Auditor.
Salisbury, S.
C.—Bond Ofleriny.— Proposals will be refor thirty daya from July 5 by A. H. Boyden, Mayor,
$10,000 5£ 15-year coupon bonds. Securities are in
nomination of $1,000, dated July 1,1901, Interest will be
York City.
pavable annually at the National Paik B;ink,
Sandy Hill, Washington County, N. Y.—Bond Offering.—
Proposals will be received until 1 P, m., August 1, by D. J.
S*ouritie8
Sullivan, Village Clerk, for $(52,500 Hewer bonds.
are in denomination of $5C0. dated August 1,1901. Interest
;to be named in bids) will be at a rate not exceeding f>%, payable annually on Augustl. Principal will mature $2,500
certified
yearly on August 1 from 1906 to 1930, inclusive.
check for $1,000, payable to L. Clark Wright, Village Treas1
New
A
must accompany proposals,
Saranac Lake, N. Y.—Bond Election.— On July 23 a special
urer,
election will be held in this village for the purpose of submitting to the electors the question of issuing §50,000 bonds for
the improvement of the water system and $12,500 sidewalkimprovement bonds. If authorized, the water bonds will be
in denomination of $1,000 and the sidewalk bonds in denomination of $5C0, all dated August 1, 1901, the former payable
$2,000 and the latter $500 yearly on August 1 from 1906 to
Interest on both issues, at a rate not ex1930, inclusive.
ceeding $ l
/&%, will be payable semi-annually.
Sanlt Ste. Marie, Out.— Debenture Sale.- On July 12 the
$60,000 4% sewer debentures were awarded to A. W. Harrison of Toronto at par and accrued interest. These bonds
were described in Chronicle June 29 on page 1297.
Schoolcraft County, Mich.— Bond Sale.—On
July
1
the
$20,000 h% court- house bonds were awarded to the First NaFollowing are the
tional Bank of Manistique at 105-019.
bids
First Nat. Bank. Manistique.$21,003 82 W. J. Hayes A Sons. Cleve... 120.183 0O
2<),491 (JO Manistique Bank
20,16100
Matthew Finn, Detroit
Denlson. Prior
K. L.
A Co..
Wagner A
Cleve.
.
20.422 00
Co., Chicago. 20.405 00
Trowbridge ANiver Co.. Chic. 20,324 00
S.
A. Kean, Chicago
Thompson. Tenney
20,120 00
A
Craw-
ford Co., Chicago
20,105 00
20,1< 100
Cbas. H. Collin, Chicago
Duke M. Farson A Co.. Chic. 20,100 00
30,110 Central Can. Loan & Say. Co.... 89,781
Canada Life Ins. Co
Securities are dated July 1, 1901, and carry semi-annual
John NuveenACo.. Chicago.
interest,
For description of bonds see Chronicle June 22, p. 1251.
Scotland County, N. C.—Bond Offering— Proposals will be
received until 12 M., September 2, by the County Commissioners, at the office of the Register of Deeds in Laurinburg,
for $30,000 6% building bonds. Securities are in denomination of $100. Interest will be payable annually on November 1 at the office of the County Treasurer. Principal will
mature in thirty years, subject to call $1,000 yearly. A certified check for $100 for each $10,000 of bonds bid for, payable to the County Treasurer, must accompany proposals.
Scranton, Pa.— Bond Sale.— On July 15 $10,000 4i 12-year
park bonds were awarded to Geo. C. White Jr., New York
These bonds are part of an issue of $30,000
City, at 10650.
bonds authorized in 1899 by the City Council for the improvement of Nay Aug Park. Of this issue $10,000 was put
out in July, 1899, and a like amount in July, 1900. being
taken in both cases by the city sinking fund. The $10,000
bonds sold to the New York firm are dated July 1, 1901, and
mature July 1, 1913. They are free from all taxes. Interest
I
Parrsboro, N. S.— Debenture Sale.— This town on July 1,
1901, issued $2,500 4% 125-year (serial) light plant debenSecurities were taken by F. B. McCurdy & Co. of
tures.
Halifax, which firm paid $2,452 for the bonds. They are in
denomination of $1C0, and the interest is payable semi-annually.
Philadelphia, Pa.—Bond Offering.— Proposals will be received until 12 M., Aug. 19, by Samuel H. Aehbridge, Mayor,
for $9,000,000 30-vear water" bonds. Securities are part of
an iesue of $12,000,000 bonds, of which $3,000 000 were sold
on June 25, 1900, on a basis of about 2-99£. Securities will
be issued in denominations of $100 or multiples thereof, as
desired by purchaser. Interest (at a rate not exceeding %%%)
will be payable January 1 and July 1 at the office of the
fiscal agency of the city of Philadelphia.
Proposals must be
made on blank forms, which may be obtained from the
Mayor. A certified check or a certificate of deposit, payable
to the Mayor, for 5% of the amount of the loan bid for must
accompany proposals. These bonds were offered for sale on
June 24, but the interest rate being limited to 3%, they failed
to attract any bidders.
•*
Phoenix (Ariz.) School District.— Freposed Bond Election.
are advised by W. H. Robinson, Clerk, that this district will probably vote in September on the question of issu-
—We
ing $20,000 school bonds.
Plattsbnrg, Mo.— Bonds Registered.—The State Comptroller has registered an issue of $15,000 4% refunding bonds of
this city.
Srcurities are in denomination of $500.
Plymouth Township, Lnzerne County, Pa.— Bond's Authorized.— The Commissioners of this township have authorized the istuance of $12,0C0 bonds for the payment of indebtedness incurred by tbat body. Attorney P. M. McKeown
will have charge of floating these bonds.
Pontiac, Mich.— Bonds Voted.— This city has voted to issue
$50,000 bonds for the improvement of the water- works system. The vote was 761 for to 121 against.
Pujallup School District No. 3, Pierce Ceunty, Wash.—
Bond and Warrant Sale.— We are just advised that the
f pecial fund warrants offered for sale on June 1
have been awarded to Henry B. Dewey and Thos. Harbineof
Tacoma at 100-769, and the $7,500 5% 5-year funding bonds
advertised at the same time have been awarded in small lots
to local parties. Interest is payable June 17 and December
The district reserves the right to redeem the bonds at
17.
any time after the first year.
Racine, Wis.— Bond Sate.— On July 17 the $"0,000
school bonds were awarded to the Commercial & Savings
Bank of Racine at 100 70. For description of bonds see
Chronicle June 29, p. 1296.
Ramsey County, Minn.— Bonds Refv sed.- Stoddard, Nye
& Co., Minneapolis, who were awarded early in May an
issue of $60,0(0 %y % jail bonds, have refused the same, claim2
$7,800 6%
3^
ing that they are illegal.
Renville County (P. O. Olivia), Minn.— Bond Offering.—
Proposals will be received until 2 p. m., August 15, by the
Board of Ccunty Commissioners, for the $50,000 4% courthouse bonds voted June 26. Securities are in denomination
of $1,000, dated July 1, 1901. and are issued pursuant to
Chapter 299, Laws of 1895. Interest will be payable semi-
20.275 00
I.amprechtBros.Co.. Cleve.. 20.212 00
U. Kleybolte A Co.. Cincin... 20.210 00
J.
A. Brawley (for $10,000)... 10.160 00
will be payable semi-annually at the office of the City Treasurer.
Sidney, Ohio.— Bond Sale.— On July 16 the $50,000 S%%
25-year sewer bonds were awarded to the German American
Bank aud the Citizens' Bank of Sidney at their joint bid of
par and accrued interest. There were no other bidders.
For description of bonds see Chronicle July 6, p. 48.
Sil verton, San Jnan Connty, Colo.— Bonds Proposed.—
This town has under consideration the issuance of about
$40,000 bonds for the purpose of purchasing the water- works
plant and system of the Silverton Water Supply Co. The
Colorado Constitution and Statutes, we are advised, make an
exception of bonds issued for supplying the city or town
with water, and do not require that bonds or indebtedness
for that purpose shall be submitted to a vote of taxpayers.
Our informant adds, however, that this question will probably be submitted to the people in the near future. The city
of Silverton has no debt and levies no taxes, the income from
licenses being sufficient to pay all running expenses.
Siml School District, Ventura County, Cal.—Bond Sale.
July 2 the Board of Supervisors of Ventura County
sold $2,000 8% gold bonds of this district to the Oakland Bank
of Savings, Oakland, at 108-30.
Following are the bids, all
of which include accrued interest
t
Oakland Bank of Savings
J2.166 CO Isaac Springer, Pasadena
F. A. Crampton. Ventura
2,137 00 C. 11. Mclievett, Santa 1'auU. 8,100 cO
Chan. Baruard, Ventura
2,13« e0
Securities are in denomination of $400, dated Jane 10,
1901. They are issued pursuant to sections 1880 to 13^8,
inclusive, of the Political Code of the State of California.
Interest will be payable anuuallv at the office of the County
Treasurer. Principal will mature $400 yearly on June 10
from 1902 to 1906. inclusive.
Simpson County, Miss.— Bond Sale.—This county has sold
an issue of $25,000 6% 20-year court-house bonds to Duke M.
Farson
Co., Chicago. Interest will be payable annually.
Springlield, Mass.— Loan Authorized.—-The City Treasurer
has authority to borrow $100,010 in anticipation of the collection of taxes.
mMm flo _
Springfield, Ohio.— Bond Fale.— On July 10 |3i ; 835
(amount reduced from $32,141 75) 6% 1-10-year (serial) Clif-
—On
&
THE CHRONICLE.
152
ton Street Improvement bonds were awarded to the SpringSavings Bank at 111-977. For description of bonds see
be payable pemi annually. Each proposal must
be accompanied by \t of amount of bid. Securities are authorized by Chapter 695, Laws of 1901.
Toledo, Ohio. Temporary Loan
This city has borrowed
temporarily for the general fund from the Union Savings
Bank of Toledo the sum of $25,000 at 4?.
Troy, N. Y.— hid.— The only bid considered on July 12 for
the $135,000 3%% water bonds was that of W. J. Hayes &
Sons, Cleveland, who offered a premium of $74 for the Fame.
The other bids received did not, it is said, comply with the
specifications.
For description of bonds see Chronicle July
terest will
field
Chronicle June 2!), page 1297.
Sto kton, San Jonqain Connty, Cal.— Bond Offering.
Proposals will be received at any time by the Mayor of this
city for §">2,000 i% sewer bonds. These bonds were offered
for sale about a year ago, but the sale was never consummated, aB a question as to their, legality was raised, which
has since been disposed of by the State Supreme Court. The
Intersecurities were voted at an election held May 2, 1900.
eat will be payable semi- annually and the principal will mature one- fortieth yearly on September 10.
Sunderland, Mass. Loan Authorized. — At a recent town
meeting the Selectmen were authorized to borrow $9,000 to
pav outstanding notes.
—
Syracnse, N. y.—Bond Offering.— Proposals will be received until 3 r. M., July 22, by E. F. Allen, City Treasurer,
for $49,500 4% local improvement bonds. Securities are dated
Aug. 1, 1901, and are issued pursuant to Chapter 229, Laws of
1895, as
amended by Chapter
Laws of
Laws of 1898,
661,
1898,
and in
—
1
,
For
full description of securities
p. 1204.
Lower Merion School District
New
able after January 1, 1895, at the option of this
county, at the office of the Treasurer of said county,
or at the First National Bank in the city and state
of New York.
$13,700 Bernalillo County Funding bonds, being
Series A, Nos. 1 to 4, inclusive, and Nos. 7 to 40, inclusive, $1,000 each Series B, Nos. 1 to 8, inclusive,
$500 each, and Series C, Nos. 1 to 17, inclusive, $100
each, dated July 1. 1889; due July 1, 1919, redeemable after July 1, 1899, at the option of this county;
;
*40,000
Bernalillo
County Current Expense
bonds, being Nos. 1 to 40, inclusive. $1,000 each,
dated July 1, 18!:9, due July 1, 1919, redeemable July
1, 1899, at the option of this county, at the office of
the Treasurer of said county, or at the Chemical
National Bank in the city and State of New York.
Said bonds must be presented for payment on or
before July 20, 1901, after which date Interest
thereon will cease.
Per Order of the Board of County Commissioners
of Bernalillo County.
By CHAS. K. NEWHALL,
Montgomery
&
Rudolph Kleybolte
$50,000 3\4 per cent School Board.
1
Dated Juno
ATTRACTIVE BONDS
Yielding from 3 to 6% net.
VERMONT BONDS A SPECIALTY.
HARRY B. POWELL
CO.,
Woodstock,
«fc
Vermont.
1,
1901.
Due June
1,
8END FOR
§
1931.
till
fifteen years.
Denomination
Bonds.
LISTS.
Exchange Place, Boston,
Euclid Avenue, Cleveland.
$1,C00.
Interest payable by coupons June 1st and December 1st at The Merion Title & Trust Company. Ard»
more, Pa.
FINANCIAL STATEMENT.
Assessed valuation of taxable property $8,675,998 00
12,000,000 00
Real value of taxable property
Previous issue of bonds
30,000 00
No floating debt.
23d, 1901.
RICHARD HAMILTON.
Treasurer.
School Board, Ardmore, Pa.
Ardmore, July
MASON, LEWIS & CO.
BANKERS,
BOSTON,
CHICAGO.
Monndnock Building,
Sealed bids desired, to be opened Tuesday, July
MUNICIPAL
RAILROAD
CORPORATION
1st, 1901.
00 Devonshire
St.
BONDS.
Choice Issues.
Street
Investment Securities
Railway and Gas Companies.
L,IST ON APPLICATION.
FOR
SAVINGS BANKS and TRUST FUNDS
C.
HIW YORK.
121
MUNICIPAL
BONDS A SPECIALTY.
EDW.
E. C.
NASSAU ST..NEW YORK CITY.
Grade
High
Payable at the option of the School Board after
-
JONES A
-
.
CO.,
NASSAU STREET.
112 SO. FOURTH ST.
AND
STANWOOD &
BOSTON.
E. H.
BOSTON.
Blodget, Merritt
SUCCESSOR TO
&
Co.,
BANKERS,
SECURITIES.
LIVERMORE,
San Francisco.
Denver.
SOUTHERN AND WESTERN
ROSENBERGER
CorDoration
BONDS.
ROLLINS & SONS,
Co..
BANKERS,
Devonshire Street
D. H.
Service
Public
1
MUNICIPAL BONDS.
Co.,
DEALERS IN
Pa.
The School Board of the Lower Merlon School
Montgomery County, Pa., offers:
PHILA..
5s.
OENISON, PRIOR & CO.
District,
5*
JULY INVESTMENTS.
Co.,
SCHOOL BONDS.
3U%
County Treasurer.
Bntler County, Ohio, 4s,
Columbus, Ohio, 4s,
Cleveland, Ohio, 4^8,
Gallia County, Ohio, 5s,
Indianapolis, Intl., 3*4)8,
Naugatuck, Conn., 4s,
New Britain, Conn., 3^s,
State of Mout,, (Normal School)
INVESTMENTS.
LOANS.
$50,000
BEENALILL0 COUNTY,
and
&
NEW
of Bernalillo, In the Territory of
15,
A
:
The County
Chronicle June
,
Texas.— Bond Sales.—The State Board of Education on
July 15 purchased the following bonds
$42,000 bonds of
Victoria Independent School District, $18,000 Williamson
County refunding courthouse and jail bonds and $1,990
water-works improvement bonds of the city of Terrall.
Tbomasyille, N. C. -Bond Offering.— Proposals will be received until 8 P M. to-day (July 20) by this town—John W.
Lambeth, Mayor— for $8,000 5% 30- year coupon bonds. In-
Mexico, hereby gives notice that it has determined
to exercise its option to redeem the following
bonds, and the holders thereof are hereby notified
to present the same for payment of principal and
accrued interest at the places mentioned, to wit:
$22,500 Bernalillo County Funding bonds, being
Nos. 6 to 45, inclusive, $500 each, Nos. 46 to 5fl, in
elusive, and Nos. 68 to 71, inclusive, $100 each,
dated January 1, 18S5, due January 1, 1915, redeem-
see
Velasco (Texas) Independent School District.— Bond
Offering.— Proposals will be received until 12 M July 22,
1901, by the Board of Trustees— E. P. Hoefle, Secretary— for
the $6,000 5% coupon school- building bonds which were an
thorized at the election held June 20, 1901. Securities are in
denomination of $500. Interest will be payable annually and
the principal will mature 20 years from date of issue, subject
certified check for 5% of the
to call alter five years.
amount of bid must accompany each proposal. Estimated
full valuation of property in this district is $750,000 and the
assessed valuation $426,000. Population (estimated), 850.
There is no other indebtedness.
Visalia, Cal.— Bond Sale— On July 10 the $60,000 5% gold
Sons, San
sewer bonds were awarded to E. H. Rollins
time and place.
Mexico, Bonds.
Valley Falls, R. J.— Loan Authorized.—-The Town Treasurer has authority to borrow $10,000.
Vancouver, B. (\— Debentures Voted.— This city recently
voted to issue the following debentures
The above securities will mature in forty years and will
bear ?>%t interest, payable semi-annually.
Van Wert Connty (P. 0. Van Wert), Ohio.— Bond Sale
On July 12 the $6 640 5£ county ditch improvement bonds
were awarded to Geo. H. Marsh, Van Wert, at 103-147. Following are the bids
16,849 00 D. L. Brnmback, Van Wert.. 16,772 00
Geo. H. Marsb, Van Wert
W. J. Hayes & Cons, Cleve.... 6,S22 0ol Laniprechi Bros. Co., Cleve.
6.780 SI
ac-
:
New
6, p. 49.
:
York City, and the said company will certify as to the genuineness of the issue. Bonds are to be registered at the
office of the City Treasurer.
Principal will mature as follows One bond of $5,500 payable Aug. 1, 1902, and one bond
of the same denomination payable on February 1 of each
year thereafter until 1910, inclusive. Purchaser will be required to pay accrued interest. This offering is in addition
to the $50,000 Columbus Park bonds described in last week's
Chronicle, proposals for which will be received at the same
LOANS.
—
120,000 cemetery debenture*. Vote eSflfor to 264 aijalii'-t.
60,000 water-v.orUs debentures. Vote, (S2B for to 281 against.
cordance with Chapter 182,
as amended by
Chapter 581, Laws of 1899, and a city ordinance adopted
June 24, 1901. Interest will be payable February 1 and
August 1 at the United States Mortgage & Trust Co., New
NEW
[Vol. LXXI1I.
16
Congress Street, Boston.
13 Wall Street,
New York.
LIVERMORE
31 NASSAU STREET.
NEW YORK. STATE, CITY & RAILROAD BONDS.
dfc
July
THE CHRONICLE.
20, 1901.]
West brook, Me.— Loan Authorized.— The City Government
has authorized a temporary loan of f 10,000 for the purpose
of paying outstanding notes as they become due.
Wills Poiut, Texas.— Bonds Voted.— This place has v
to isi-ue $.j,000 school houee and $7,000 water- works bonds.
Wilmington, N. L\— Bond Election Postponed. The B
of Aldermen has passed a resolution postponing indefinitely
the election which was called for August 15 to vote on the
question of issuing $100,000 sewer bonds.
Woodsfield, Jttonroe County, Ohio.— Bond Offering.— Proposals will be received until 8 P. m., August 12, by Geo. P.
Dorr, Village Clerk, for $15,000 b% electric-light- plant bonds.
Securities are in denomination of $500, dated July 1,
Interest will be payable semi-annually at the First
1901.
National Bank of Woodsfield. Principal will mature $500
yearly on October 1 from 1921 to 1925, inclusive; $500 each
six months from April 1, 1926, to Oct. 1, 1937, and $5C0 on
A certificate of deposit on the First National
Oct. 1, 1938.
Bank or the Monroe Bank of Woodsfield for 5% of the par
value of the bonds bid for must accompany proposals. Accrued interest is to be paid by purchaser. These bonds were
originally offered for sale on July G, but were not sold for
the reason that the law requires the offering to be advertised in two newspapers, whereas the notice appeared in but
—
one~paper.
Y.— Bond Sale.— On July 17 the $250,000 tax$10,000 assessment and the $12,000 fire department
bonds were awarded to M. A. Stein, New York, at 100 29.
The other bids received were as follows
lookers, N.
relief,
For
week,
$10,000
$12,000
Aweaameni Fireliept.
Bonds.
Bunds.
100-40
100v!6
100-03
100*00
k. Kean. Chicago
Geo. M. Hahu. New York
People's Savings Bank
Board of Water Commissioners. Yonkers
-
10007
100-05
/>'
i
,
.
loido
l<>4-03
103H7
-
:0fl
18
For description of bonds see Chronicle July 13, p. 101.
Yonkers (N. Y.) School District.— Bond Sale- On July
15 the $30,000 V/ % bonds of this district were awarded to
2
Allen, Sand & Co., New York, at 103'42 and accrued inter-
full description
p. 101.
N.
Following are the bids
mm
wwi io n»"4,
226 Grove Btrei
from
LI
maturing cue bond of $75 yearly ou
lion. !»,
maturing one bond of
.
30TEAR SCHOOL
Aug.
Interest will be payable
the City Treasurer.
l urhasers mnst be prepared to take the bonds not later
Aug. 12, 1901, the money to be delivered atone of the city
certified
banks or at the office of the City Treasurer.
check for 2% of the amount of bonds bid for must accompany
proposals. Bids must be made separately for each issue.
Proposals will also be received at the same time and place
for $100,000 4% refunding water bonds, maturing $5,000 yearly
on September 1 from 1902 to 1921, inclusive. Securities are
dated August 12, 1901. Interest will be payable March 1 and
September 1 at the office of the City Treasurer. Purchasers
must be prepared to take the bonds not later than Aug. 12,
1901, the money to be delivered at one of the city banks or at
A certified check on a
the office of the City Treasurer.
Youngstown bank for $2,500, payable to the City Clerk,
must accompany proposals.
5, 1901.
A
STATE AND CITY DEBT CHANGES.
West Hartford, Conn.— Henry C. Whitman, Treasurer.
This town is in Hartford County.
When Due,.
Road Bonds—
LOANS—
1920
Refunding Bonds—
4s, M&S, $45,000.
1902
8ubject to call after 1910
48, M&S, $28,000
1920 Bonded debt May 1,1901. $128,000
4s, M&S, 30,000
Subject to call after 1910
School and Funding Notes—
4s,
Floating debt
$2ft,000
1902-1907
($5,000 due yearly.)
Interest payable in Hartford.
....4,157,454
AsseBRinent is *2 to % actual value.
Town tax (per $1,000) 1900.$l*VO0
Population in 1890 was
Population in 1900 was
&
Ld.,
INVESTMENT SECURITIES.
and Rhodeslnn shares in America.
Only first-class propositions.
238-240 La
Niver
Co.,
N. T. Office.
F.
R.
Municipal Bonds,
la salle street,
&
GENUINE
aound and Flat Bars and 6-jply Plates and Angle*
FOR 8AKK8, VAULTS, &o.
Cannot be Sawed, Cut, or drilled, and positively
Burglar Proof.
Co,,
THE GRAND
SEND FOR LIST
N.Y.
July Investments.
MUNICIPAL, RAILROAD AND CORPORATION
BOND^.
PRIX.
T. B. POTTER,
MUNICIPAL and DrkM rkC
BUNDb,
CORPORATION
FARSON, LEACH &
.
.
ILLS.
LIST ON APPLICATION.
and
CORPORATION
BONDS
to 6% always on hand.
DUKE M. FARSON &CO.
115 Dearborn
Send
for our
St.,
WAS AWARDED AT THE PARIS EXPOSITION TO
WHITING'S STANDARD
CORDAGE!
PAPERS.
A
They are the only American papers which have
ever received this— the highest honor that can be
it means tliey are the most perfect
conferred,
made. Insist on having them for your fine curres
pondenceaiul your office stationery. Are vou using
WhitiDK's Ledger Papers in you Blank-Book I
Samples and booklet free.
'.£
1
11 SPECIALTIES. I
AMERICAN
WHITING PAPER COMPANY, THE MANUFACTURING
COMPANY,
iiol yoke. mass.,
CHICAGO.
Investment Circulars.
CO.,
NEW YORK.
TRANSMISSION ROPE.
172 Washington Street,
3^
Bldgr.
FULTON & CO.,
CHICAGO.
Netting from
1442 BroadExchansre
WELDED CHROME STEEL AND IRON
Salle Street, Chicago.
MUNICIPAL
Salle Street,
CHICAGO.
171
CHROME STEEL WORKS,
Kent Ave. Keap and Hooper Sts„
AND CORPORATION SolsMan'ferstn the U.S. BROOKLYN
•
1,930
3,186
CHICAGO.
CHICAGO,
National Bank B'ld'g.
CHICAGO,
20,000
(est.)
Tax valuation 1901
A&O,
SECURE BANK VAULT8.
BONDS.
La
J
i
i
DIST. S%».
MacDonald, McCoy
171
:
office of
Price upon application.
MUNICIPAL
<>i t. 1
$7f.
us to iuoi. LoolualTe,
Securities are dated
semi-aniiually at the
CITY OF HARTFORD, CONN.,
1st
>
Offer
$60,000
Trowbridge
1.
loolnt
Bankers and Exchange Agents.
BOSTON.
HEAD OFPICEi
In municipal,
Basildon House, Moorgate Street,
Railroad and other bonds adapted
for trust funds and savings.
LONDON, E. C.
ISSUE TRAVELERS' LETTERS OF CREDIT The exchange Is prepared to entertain
A VAIL ABLE IN ALL PARTS OF THE WORLD. proposals tor Introducing South African
and
of
in 8 lo lUOi.liu luslve.
•lib v
EXCHANGE,
BAN KERB.
NEW YORK.
Quotations furnished for purchase, sale or exchange.
CHBORICUI
«
INVESTMENTS.
INVESTMENTS.
LONDON AND PARIS Geo. D. Oook Company,
31 NASSAU ST.,
CHICAGO.
Deal exclusively
We Own
of securities see
:
INVESTMENTS.
W. HARRIS & CO.,
)
Halm
<
from
.
est.
I
Geo. M.
Yoongstown, Ohio.— Bond Offering.— Proposals will
ceived until 2 P. M., Aug. 5, by Wm. I. Davies, City Clerk,
tor the following 5i bonds:
$300 l.ane Ave nue »ewei bond*, maturing one bond of $100 yearly on
:
$750,000
Tax Relief
M
IOS'4t
Allen. Sand A (V. New Vi.rk
Uick Bros, i Co.. New Xorlc... 108t7
11:1 14
H'.J.ll»»«»* Sons, Cleve
For description of bonds see Chron
Francisco, at 101 '898.
ICLE June 13, p. 1204.
And
150
Duaxe Street, New York.
S8
WAZZ 8TBBBT. IfMW TOBK.
THE CHRONICLE,
154
Uatt&jetrs
and
%xnls>zxs ©til ai Jltro WLoxk.
CHICAGO.
CHICAGO.
&
Schwartz, Dupee
A
Co.,
Co.,
CHfCAOO#
7
NEW STREET,
NEW YORK.
A:
J
'
)
DEALERS
Municipal,
210 Merchants' Exchange, ST. LOUIS.
new york stock exchange,
chicago stock exchange,
chicago board of trade.
Co.
INVESTMENT BANKKKM,
Railroad
members:
Alitor Conrt,
&
Oliver C. Fuller
NEW YORK.
•
Chicago and Milwaukee.
)
A
10 Wall Street,
&
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
NO.
)
MILWAUKEE.
Bartlett, Frazier
Stocks, Bono's, Grain,
S Board «f Trade
12 The Hookcry,
[Vol. LXXIII.
IN
and
Corporation
I*01NX>S.
100-108
Grand
Avenue, Milwaukee.
PRIVATE WIRES.
EDWIN L. LOBDELL,
Co.,
BANKERS AND BROKERS,
Stocks and Bonds,
LA SALLE STREET,
115-117
CHICAGO, ILL.
"The Rookery,"
&
A. O. Slaughter
MEMBER NEW YORK STOCK EXCHANGE.
CHICAGO, ILL.
I
New York Stock Exchange,
J
i
(
'hicaso
Board
of
William Wilson
Trade.
Edward
B.
&
Smith
BANKERS,
The Bourse, 3th
8$ Cedar
Broadway, New York.
Members New York and
W.
E.
&
BANKERS AND BROKERS,
No. 139 South Fourth
PHILADELPHIA.
Transact a genera) banking business.
terest
BANKERS,
216 East Baltimore
Street, Kultlmore.
Investment and Miscellaneous Securities a specialty, and whole issues handled.
Co.,
PITTSBURG, PA
I8TABLISH3D
&
Co.,
CINCINNATI, OHIO.
i
8.
AND OHIO
In
&
louTsT
BANKER AND BROKER,
Southern Securities,
Virginia Bonds,
Davenport & Co.,
BANKERS AND B R O K E R n
RICHMOND, VIRGINIA.
,
1860.
Correspondence solicited and information fur
nlshed about Southern State. Municipal and Railroad Investment Securities.
Reference— Bank of New York. N. B. A.
Mottu, de Witt
&
Co.,
Bankers and Brokers,
NORFOLK, VA.
John
W.
&
Co.,
214 N. Fourth
Dickey,
BROKER.
Buy and
on com-
mission local
securities,
listed
and unlisted
AUGUSTA, GA.
SOUTHERN SECURITIES.
also
J-
St.
securities in
Edwabd Polliii
St. Goar,
Members Stock and Bond Exchange.
3BNBY
all principal
markets.
ST. LOUIS.
&
Edward
Co.,
PolJitz
BROKERS.
STOCK AND BOND
Members New York, St. PRIVATE Hawaiian Sugar Stocks a Sptcialty.
403 California Street,
WIRES.
Louis and Chicago
S AN FRANCISCO. CAL.
Stock Exchanges.
'
Mayer, Whitaker
Streets,
CINCINNATI, OHIO.
County, Town and School Bonds
Issued In leading prosperous States of the Union,
especially adapted for safe and permanent Investment for Estates and Trust Funds.
City,
B0LLING,
Cincinnati. Ohio.
W. Corner Third and Walnut
High-Grade
Exchange.
•
MUNICIPAL BONDS.
,
Street,
SOUTHERN INVESTMENTS.
Francis,Bro.
Cincinnati Bonds and Stocks
Seasongood
Y. Stock
sell
)
Co.,
RICHMOND, VIRGINIA.
1
SECURITIES.
Irwin, Ballmann & Co.,
St..
Stephenson,
Members N.
st.
Members Cincinnati and New York Stock Exch
BROKERS AND DEALERS IN ALL
WYNDHAM
IBTABL18H1D
INVESTMENTS.
CINCINNATI.
ST East Third
classes of
GENERAL BANKING, COLLECTIONS.
Philadelphia Stock Exchange.
Broker* and Dealers
all
BALTIMORE, MARYLAND.
T. Mellon & Sons' Bank,
PITTSBURG, PA.
PHILADELPHIA.
German
FOURTH AVENUE.
Oldest Pittsburg
BANKERS AND BROKERS,
104 SOUTH FOURTH STREET,
201 East
1871.
BANKERS AND BROKERS,
No. 209
John H. McQuillen &Co.
CINCINNATI
&
Whitney
Investments receive our special attention. Information cheerfully furnished regarding present
holdings or proposed Investments.
Hutton
dealings in
Loans on Collateral Securities
Virginia-Carolina Chemical Co. stock.
Reference— Mechanics' National Bank New Yor
CORRESPONDENTS
STOCK AND BOND BROKERS,
E.
Sons,
Bank of New York, N. B. A.
First National Bank of Philadelphia.
28 South Third Street, Philadelphia,
W.
&
PITTSBURG, PA.
G. Hoppeb.
H. 8. HOPPKB,
Members of Philadelphia Stock Exchange.
Members
Exchanges,
BANKERS,
W.
&
Stock
)
N. Holmes
In
Members of the Philadelphia and New York 8tock
Exchanges, and connected by private wire wltb New
York.
G. Hopper
facilities for
negotiated.
CHICAGO BOARD OF TRADE.
St.,
Allow
C
AND
Co.,
on deposits,
Wm.
Co.,
Seaboard
Southern Securities a Specialty.
MEMBERS
NEW YORK
)
PHILADELPHIA /
CHICAGO
PITTSBURG
Phlla- Stock Exchanges.
Clark
&
Charles B. Hoblitzell &
Co., Henry Sproul & Co.,
BANKERS AND BROKERS,
PITTSBURG, PA.
Air Line Securities,
Street Philadelphia.
Street, cor.
1802.
1867.
"
Co.,
of Baltimore Stock Exchange,
Southern Bonds.
PITTSBURG.
Sons, Established
Wilson, Colston
Exceptional
PHILADELPHIA.
<t
Wilson, Colston &
Members
m.-han Chicago Stock Exchange, and
New York Cotton K.xclninge
CHICAGO STOCK EXCHANGE.
SOUTHERN.
&
Company,
&
Tilton,
BANKERS,
Successors to
WHITAKER Oc HODGD1AN,
BOND AND STOCK BROKERS,
300 North Fourth
Ladd
Street,
ST. LOUIS.
PORTLAND, OREGON.
ESTABLISHED IN 1859.
Transact a General Banking Business
Collections Giyen spicial attention.
@FedFRASER