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mmtt

Dana Oom pani,

[Entered according to Aot of Congress, In the year 1901, by the William B.

VOL,

SATURDAY, JULY

73.

QLBARINGS—FOR JUNE
ALSO SINCE JANUARY

1901

1 1901

AND

June.
1901.

New Vork

AND
Six

P.Ct

1000.

1901.

1900.

ALSO SAME WEEK

Month:

Clearing!

1900.

P.Ct.

+66

Baltimore.....
Buffalo

+

+83

Washington..

Albany
Rochester....

6.006.337
4,917,079 4-8-8
Syracuse
30.081,718
29.509.840
5.100.9J1
4,594, lit 4-17-6
33,941.28.
Scr.nton ....
29,218,079
-22
1,033,657
4,114,251'
Wilmington..
24.101,703
24,288,724
1,110,700
1,683,0(K -18-2
Blnghamton.,
10.146,000
10.485,000
1,437,489
1,453,791 -1-1
8.074.076
Chester
8.354.415
851,641.
+-2S*
445,527
3,824.965
Frederick
3.300, -41
],707,3»B
1,788, 14^ 4-1-6
9,322.861
Qreensburg..
9 408.043
Total Middle 7.772 884,918 4,694,535,960 4-89-1 40,716,243,177 30,t9d,6t)8,918
631.110,737
486,639,537 4-194 3,788.928,180 3,114,714,481
Boston

+1-9
+16-3
-0-6
-3-8
—8-3
4-15-9

1

28.818,100
10.668,884
6.483,886
6,198,711
6,860,091
6.152.961
3,343.582
8,668,357
1,978,167
1,439^175

Providence...

Hartford ....
New Haven..
Springfield.

..

Woroester....
Portland
Fall River....

Lowell
New Bedford

Holyoke
Total N.

Eng

661.794,823

638,063,626
87,407,300
46,412,684
59.689.116
27,39i,918
29,033,400
16,645,040
9,119.819
9,100,301
5.836,135
4.498,383
4,833,789
1,880,495
2,011,487
2,022,639
3,581.400
1,776,958
1,687,368

Chicago
Cincinnati...

Detroit
Cleveland
Milwaukee...

Columbus

...

Indianapolis

Peoria
Toledo

Grand Rapids.
Dayton
Bvansvllle

Youngstown

.

Springfield.IU.

Lexington

Akron
Kalamazoo....

Rock ford
Springfield

1,218,214
1,488.881

Canton
Jacksonville,!!

619,028

Quincy
Bloomingt on.
Jackson, Mich

»4.t,90:
9)59,841

ToLM.West

739.706
944,789,381

I

85,685.381
17,619,707
8,993,260

Ban Francisco.
Salt Lake City.
Portland....

Los Angeles

13.U3.6S1

Seattle

11,912,830
4,106.654
4,607,905
3,832,943
1,383,883
831.3'H

Spokane

Tacoma
Helena
Fargo
Sioux

Falls.

Total Pacific

Kansas

City...

Minneapolis..

Omaha
St.

Paul

Denver
Joseph
Des Moines...

St.

Davenport,...

Sioux City....

Topeka
Wichita.

Fremont

1

149,907.477

71,132,083
41,351,622
26,751,8:1
19,611,297
17,208,021
21,630,173
6,438,861
8,782,797
0,875.409
3,953,012
2.123.128
587,535

Hastings
Tol.
St.

oth'rW

319,843,498
184,549.183

Orleans.

88.052,62-1

Louisville....

38,466.048
11.68^.500
1 5,988.986
10,392,727
15,99^,475
11,520,885
6,846,146
5,598.547
8,697,070
8,196,577
2,441.376
6,174,065
8.818,617
2.816,000
1,994,129
1,760,354
1,878,779

Gal veston

..

.

Houston
Savannah
Richmond

Memphis
Atlanta
Nashville

Norfolk

Augusta
Knoxvllle
Fort Worth...
Birmingham...

Macon
Little Rock..

Chattanooga..
Jacksonville..

.

•-1-9
4-2-5
4-6-5

170,990,200
67.330.32C
89,662,33:
86,385,596
37,393.676
81,818.495
20,855.96b

-09

463
+19-9
161,089,300 +6-6

+12>

14,894,431
11,759.642
9,139,53 7

65,893,347 4-3-0
87,981,741 4-4-1
33,525,350 +85
82,596,178 +14-4
26,883,177 +18-5
81,397,261 -4*9
13,679,244 +8-9
11,070.215 +6-6
7.958.854 4-14 8

558,632,993 +17-7

4,173.161,184

8,627,191,6*0 +18-3

4-lf6
4-18-5

+230

t-10-3
4-10-1
4-4-4
1,893.62:.-.

1,276,823

683,691,241 +6-7 8,785.953,718 3,404,428,770
6J.398.0C0 -f-251'
502,701,650
405,118.750 +31-1
84,672,634 +33-6
846,749,85V
208.661,176 4-16-3
61.610,853 615 9
839,387.631
276,288,633 4-32- 3
24,787,65* 4-10-5
155,968,333
150,201,312 +3-8
25,807,900 613-5
159,031,600
133,879,100 +18-M
13.609,776 +21-6
93.293,340
78,819,822 +18-3
8.043,593 t-18-4
69,420,536
50,481,203 4-178
9,008.87) +10
55.765.951
51,098,141 +3 1
4,982,186 +4-9
84,316.817
31,811.859
—5-3
4,748.84(
30,168,371
29,617,626
s
4,189,139 +3-9
24,886,810
37,791,865 -10-5
1,406,968 +337
10,337,671
8,934,211 +11-6
1,761,139 +14-0
13,158,497
11,841,782 +111
1.638,966 -83-4
13,896,00';
11,113,616 +80-5
2.006,300 4-28-8
14,802,300
11,591,300 +28-4
+2-r
1,788,630
10,590,686
10.378,6 10 +2-0
1,897,491 4-20-8
8.798,086
8,231,828 +8-9
1,398,416 -5-8
8,131,125
7,811.994
4-18*7
1,353,984
8,587,388
7,073,106 +21-4
5 "0,926 4-8-6
4.189,606
3,886,86" +8-7
663,186 +93
7,780,001
6,311,874 +23-0
865.696 fl0'9
6.760 570
6,517.209 +22-5
65H.6-3 4-30^6
8.717.606
8,489.4" w +6VS

+94

n°

854,782,550 4-106 6,587,288,463 4,917,392,21s +11-9
81,011,353 +1-8
517.908.398
482,089,311 +137
8,759,48 +101
78.674,226
65,685,728 +11-3
9.907,876 -9 2
52,611,094
48,765,831 4-79
10.015,451 +20-9
78,604,219
59,268,6^1 +325
11,167,901 +6-7
69,848,6953,173.382 +12 5
4.478,911 -8-8
35.178.22f
33,125,317 -10-6
4,559,47t +1-6
28,8*6,716
21,873,075 +15 9
8,622,901 +76
17,887,696
11,188,736 4-23 6
1.449,412 -8-1
8,379,900
8,181,912 + 1-2
614.166 4-36 7
6,125,379
8,833,579 +88J7
137.681.96C +9-0
903,778,416
778,118,321 +16-0

+

15-8
61,439,256
53,344,870 -38-6

-8-6
-4-5

28,603,77.'
20,638,8-12

18.008,828 -46
20,66 1,9'JO +6-2
6,956,532 +8-1
4,099,46n -7-7
5,239,010 4-07
8.187,967 +34-0
2,094,141 +1-4
687,090

Clearing

Louts

New

87,141,100
10,890.191
6.088,490
6,393.473
5,373,036
4.189.19H
3,089,081
8.434,014

H

233,789,80n
137,533,826
33.810,00*
31.893,88*
10,048,950
11,881,498
13,511,157
15,635,843
9.186,846
5.811,393
5,779,963
6,747,581
2,733.930
2,379,27
4.277,371
3,654.871!

-m

135.868,786
215,102,327
161,082,026
119,988,140
112,543,933
110,642,201'

41,019,756
24,691,826
32,671,184
27,023,187
18,631,819
8.095,lPis

849,434,378
259,082,947
166,716.013
117.320,686
108,385,467
107,220,141
87,971,766
21,921,833
29,148,179
16.824,373
13,088,618
3,637,204

—

+12-4
+10-2
+15-6
,

t-87'1

-23-1
+3 8
-

4-20-4

4-1T8

-8

1

!

-2-6

+169
+3-8

+161
-9 2

2,232,000 -0-7
1,613,98 +83-7
1.608,397 -87
1.065,41V 4-30*6

i>r

Syracuse
3oranton.

--3-4
--8-3
--3-8
-3*3

--8
4-12-6

+12-1
+62-5
+4-1
+1-6

1,219,558,889

+8-1

821,539,293
356,511.550
323,381,674
79,314,050
83,154.618

4-33-8

+16-9
+8-3
+13-9
+30-3

107,8f.5,154i —17

87.326.897 +155
68,911.731 4-12 6
46.143.89? +133
36,888,916 ;+4-i
>

-118

27,970,531 4-18*8
14,19 ',521 +13-4
23,865,134 +54-9
81,835,3171 +8-0

+7-1
13.693,100 +21-7

15/98,000

11,165,032 4-13-2
6.955.603 4-101
2.373,297,839 !,9S8,819,96« +19-6

,

Wilmington
8 lnghamton.

1.615,867.13b
101,866.567
44 218,57'

890,910,627
94,861.336
30 0-21084
19,580 968
4,568,771
2.316.275
2,036,369
1,890.768
989.560
1.153 010
678.017
388 600
326.869
316,111
Not Includ e

In tot

1,049.6.-9.113

4-68 6 1.333,638,886

963.308.055

+85-1
-8 6

116.603.688
6.461.-00
2,981.109
1.766,537
1.688,479
1.638,658
1,693.166
695,789
680,264
633,060

132.432,166

1.6)80711
1,100.651
1,363,932

868,693
293.800
265 657
891 536
539.712

Chester
Glreensburg
Wheeling. W. Va..
Total Middle
1.708.018.108

Boston
Providence
Hartford

New Haven

Springfield

Worcester
Portland
Fall River
Lowell

,

New Bedford
Holvoke
Total

New

,

Hug..

Chicago
Cincinnati
Detroit

,

Cleveland

,

Milwaukee

,

Columbus....

......

Indianapolis

1901.

Blvansvllle

Youngstown

Canton
111...

Quincy
Bloomington.
Jackson
Ann Arbor
Tot. Mid. West'n
San Franolsoo
Salt

Lake City

Portland
Los Angeles
Seattle

Spokane
Tacoma.
Helena
Fargo
Sioux Falls
Total Paolflo

Umaha
St.

,

Paul

Denver
Joseph
Des Moines
Davenport.
Sioux City,
St.

Topeka

,

,

,

e

-06

+ 171

+96
-2 3

-20

4

-18*5
+28-7

123,096.651
139.(07.097
15,877,000
7,888,748

+88-1
—1-6
+8S-8

147.917,888
188,958.676
14,417.800

8621.900

116.161
811.130
807.881

10037,131
6.520.011
8.396.000
2,832,085
1.719,213
1.920.032
997.613
1,035.189

806,170
325.838
388.883
877,763
859.800
435,365
331.956
330,617
813,811

+109
—16

+85
+86

9

b

8,776893
9.082587

+10*8

6,821,841
6,189.700
3.060.215

4-6-3

+87 6
4-37 2

197,261,742

18 883 808

33.691.446

80,611.101

16.669.729
8.722.052
6,818.576
4.416 730
8.787.207
4,8*0.326

18.961697

9 348.683
1.82S.834
2,100.681
8,660,461
911.901
881. 8*5

613.895
349.860

18283:

13.769.8n8
6 806.839

+13-9
+87-6

—13

888,000
297.399
300,111
211.234

8

+84-7

—18
+36

8
8

219,351
116,907

Orleans

Louisville

Galveston

Houston
Savannah
Iltohmond

Memphis
Atlanta.
Nashville.
Norfolk

Augusta
Knoxvllle
Fort Worth

Birmingham

Macon
Little Rook
Chattanooga. ......
Jacksonville-.

8,207,089
7,770.146
3,103.000
4,113 225
8,811 538
8,603.739
8,810.136
1,588.144
1,875 000
1.876.04t
787,531
486.673,
1,851.283
718,7161
< 43,000
471.549
856.6051
905.886

7.830 063
7.666,880
9.814.000
3.447.060
8,699.868
8.668.921

+6 2
+3 6

Toronto
Winnipeg
Halifax
Hamilton.
St.

John

Victoria

Vancouver
Quebec
Total Canada

10.888 000
1.875 191
1.465.654
688,036
093.917
601.151
808.713
1,817,116
88 684.690

+19

1,611075
9! 4.689

686.516
626,789
856,521
316 000
485.787
878.900
868 694
215.017
928.97*
380,090

1,571,021
1,568.336
1,746,201
1,204.486
768,799

1.427,187
1,389.933
1,200.000
760.010

+15 3
-9 b

141623
29,612.177

84701008

11811.616

10.631.881

9.651.064

7653.388

"..683.659

7.111.183
8.781.366
8 033 876
3.739 504

"4

3.883.095

81

9.711814

+140

3.193. l»5

—7-6

t\t
+83

8

4-40 2
1

4-18

2

-8; -5

4-25-9

188,117
938.079
967.830
159.000
873 359
411.916
829.813

-85-9
-8-4
+88-8

1,168,510
863,371
813,850
665.781
181.188
129.102

l.oeg.-.oi

10 687 193

89.336. 365

31.092.868
6,*04 50!
7.230,816
8 178.500
8,811.116
8.179,396
3,551.078
1,173.263
1.313 812

26316.978

63S,'<!93

791.217
130.251
438,096
90.021

al.

+1*7
+8-7

+68

1.785310

600.000
559.753
190,679
103.621

664.705
242.174

+384
+108
+194
-31-6
-148

625 708

29 489 949

109,630.981
16,280.900
7,880.860
7.624.769
6.009,895
3.717,400
3.837,676
1.632.481

16.795.520

—81-6

+ !01

Not Include

954,338
977.105
364.900

169.098.022

-11
—46

1.186 609
1,155 621
1,318.816

T800 0C0

1,166.179

19,508.710
2.186.070

6

+86 8

9,019.726
1,360.118
689.846
537.817
896.866
854.188

1977,978

188,323.464

+90'4
+6-6

1,<?83,717

67.059.612
60.601,116
Total Southern..
1.996.886,658 1.617.900 P 11
Total all
686.989.987
710.629.732
Outside N. York.
16.818 83°
Montreal
21 564 978

9146,618

4-80
In tot al.

+06
Wichita
—88 6
Fremont.
Clearing ho use disconti nued.
Hastings
747.718 Not include d in tot
Colorado Springs..
—VI
51.347.063
49.168 083
Tot. other West.
+ 816
St. Lonls
10.314 510
39.972.248J
New

3.827.088
v

—7-7

4 613 662
3.641.08i
4,681.001,819,918
608.196
1,831,741
778,170
491.674
170.057

1,935.575
1,331,552
968,743
743.8.6
368.031
330,790
354.738

+210
+860

+131

19.594 851
4,200,000
1,016,110
3,515,265
2.622 421
869,696
917.866
652.490
274.88<
167,334

8.0C0613

+316
+38 6
-8
-181

195,000
208.586
150.000

807.460.037

1.087,771
194,631
104.002

•4-17-1

4-24-3

Not lnolude

840.136
1.332,118

8

+81-7

1011.351

12 ,465
180,013
833.701
180,000
57,627

1.380. 18i

+19
+809
+33

838.863 63)
84,6:3.622
23.876.386
21.543.159

ti.

149,410.806
137,618,990
18,815,000
9.805,35*
13.801,156
6.118,27b

877.18ic

Springfield, Ohio..

8.341,15'
1653 631
1.111.894
1,018.176
682 127
370.700
870,000

422-6

+29

4-2 8

175.659
802,900

Jacksonville,

8.581652

+8i

b

+ 11-8

149 345

,

+14**

9

071,895
708,102
518,101
685.099
839.080

Lexington
Rockford

2

1,185.833,118
10-,0-0,844
38,086.005
19.838,6*3
4,207.018

1

138.181.067
6.850 900
9,3-7.27*
1,781.066
1.398,183
1,847,86*
1.388,073
666,744
658.817
311.5 2
280.000

1,224,181
1.149,339
1,151.677

1806«.

Vent.

+70
+10
447

103.160 338
6.906,200
2.091,140

Springfield, 111

Akron
Kalamaioo

l-wy.

183.177.810
6,448.000
8,196,637
1,480,680
1.411,145
1,486,185
1.110,670
830.096
521,838
492,882
387,403

3,613,488
2.885,857
3.334.026
1.192,941
943,968
798,494
468.682

Peoria

Toledo
Grand Rapldf
Dayton

Minneapolis

1,091,891,019
299,736,673
237,387,587
90,327,500
98.811,409
89,527,i88
100,860,604
77,578,121
52,285,218
38,108,531
85,652,901
83,218,302
16,107,670
38,905,846
28,613,3H6
16,814,000
15,448,59
11,455,082
7,667.01(

Telegraph on page 13.

llooh ester

-51

Total South
387.053.902
308,380,81tt +31*0
Total all.... 10105688,830 6,667,616/03 4-51 6 94,020,923,236 12,163,012.480 +48 4
Outside N. Y. 3,244,900.576 3.793.408.382 f 16"1 19,-86,269.850 16,633,772,312 4-159
Montreal
79,748,928
66.543,761 4-21-6
356,781.110 +19-5
126,821,580
Toronto
50,697.546
44,545,603+13-8
301.694,028
260,161,686 +206
Winnipeg
8.547,908
9,618.084 -11-1
19,184,698
60,398,397 -1-8
Halifax."
7,047,318
6,187,890 4-13-9,
85,839.475 +11-3
10,930.684
Hamilton
8,118.415
+3-9
8,342,053 -81'
80,668.516
19,8 a 9,l2l
St. John
8,384,886
18,* 02,7 17 4-13 3
2,977,748 +1 31
I", 481.2*1
Victoria
8.800,000
8.768,761 +l-6i
15,482.663 +3 6
16,016,437
Vancouver.... _4 068.169
3,813!988 +56,
20,6.-2.706
80 .633.466 4-0-7
J
Tot Canada... 169,373,988 188.811,68t +14*8| 898.148,888 761,868.618 +16*8

Table Clearing

Washington.
Albany

80

1900.

23,978.609
6.889 440
2,679,^32
8.879 018

Buffalo

Kansas City

1,317,849,186

40,40ti,385

Philadelphia
Pittsburg
Baltimore

1901,

1901.

'.

New York

.i0

1900, 1899, 1898.

Week ending June

at—

+21-8

ouse discontinued

+W

NO. 1880.

1901.

CLEARINGS— WEEK ENDING JUNE

1900.

4.860 783,256 8,871,803,341 f77-l 44 ,734,653,886 86,514,270,118 +68-7
644,249,87*
411, 321,466 (-38-8; 2 ,789,140,905 3.387,86^,587 i-17'8
lv. 173,841
141,653.^91 4-i0>
,084,085,276
818,010,078 +82-8
101.052,58*
91,797,036
11-6
687,759,483
582,45rt,456
a3,»co,a6«
20,733,4f4 4-21-9
H6,848,23it
126. 179,505 4-16-0
11,697,1»7
74.942.64W
11,143,08! -0*4
69,285,947
18.7t0.li 90
12.1U.20S 4-6-6
78.184,185
70.510,864 4-10-9
11.889.801
8,858,846 (-28-6
61,840,584
55,633,856 +10-8

Philadelphia.
Pittsburg

6,

In the ottloe of the Librarian of Congress.)

4-S5 5

1,158597

-88 9

1.835.061
1,806.708
628. 59C

+10 'J
+28 t

051321

6,385.781
7.801,311
2,100.050
2.768.781
1.861.673

8 062 810
1.318419
1,1=5,163
9-1 136

883.663

4H.711
503 735
996.109
881.870
371,000

-14

670,866
373,000
814,464
898 335

-t-28'6

18883!

883.701
161,600

67.8b'0.71t

68.237.301

4-20-2

,

261806

4-167i 1.809 806.600 1.388,118.617
665 338.996
-1-18 3
637.058.134
18.804 478
18.839 747
+38 1
6 318.850
6,80i.79S
+30-5

-6-8

+T8
—78
+890
+62

1

-6-*

!

1.799.464
1.200.0OC

1.869.404
1,096.016

700.000
688 706
681 92S
811 994

178 088
689,577

95.897.81t

93 108.411

In tot al.

+806I

THE CHRONICLE.

[Vol, LXilll,

the American

THE FINANCIAL SITUATION.

Sheet Steel

Company and American

Hoop Co. (constituent companies of the United
The extreme heat, added to the Fourth of July States Steel Corporation), which began July 1, has
Holiday, has made this a very quiet week in business been almost completely ignored. In the first place a
The weather has been so hot that everywhere stoppage of work at this period has been customary in
circles.
the effort has been to keep business at a minimum. In other years to allow time for the adjustment of differmany instances complete abstention from work was ences between the men and the companies and also
The present unusually severe term of heat because the wage-earners like to enjoy a vacation. In
practiced.
Steel

and on Sunday June 30 the thermometer record of the Weather Bureau showed a maximum
temperature of 97 degrees, on Mod day July 1 a maximum of 98 and on Tuesday July 2 a maximum of 99.
On Wednesday rain in the afternoon kept the mercury from going above 94, and on Thursday and
began June

Friday

thunder-storms

prevented

a

The " Tribune "

rise

above

of this city

86 and 89, respectively.
has printed a daily list of the mortalities due to the
heat, and from this it appears that in what is called

the Metropolitan District (embracing besides the
Greater New York the cities of Jersey City and

Newark) the number of deaths from that cause for
July 1, July 2 and July 3 aggregated no less than 701,
while 770 more cases of prostration were reported for
the same three days. When it is remembered that the
oppressive

the second place,

27,

extended

weather

over

practically

the

whole of the eastern half of the country, and that the
experience of this city In the matter of deaths and
prostrations was duplicated in other cities, only on a
be readily
proportionately smaller scale, it will
understood what a great embargo on trade and
business has been imposed „by such meteorological

it is felt that a strike which has no
an attempt to do away with " open "
shops open to non-union and union men

better basis that

— that
alike — must

shops

is,

fail of Its own inherent weakness.
The
United States Steel Corporation made its dividend
declarations this week, and besides the expected 1%
per cent on the preferred stock declared 1 per cent
on the common stock.
The market price of the
shares, however, fell off on Wednesday, apparently for
no cause except that the officials declined at that
time to make a specific statement that the dividend was meant to be a quarterly payment.
This mistake has now been rectified, as the advertisements
announcing
the
declarations have
been changed by inserting the word quarterly in
the case of both the preferred dividend and the
common. Very naturally the hot weather has

led

reports

to

but

crops,

the

of

damage

reports

are

and
nearly

ruin
all

to

accomp-

anied by the qualifying remark that there will
ruin

if

rain

does

not

furnish

relief

the

soon.

be

In

Nebraska they have had rain already, and the reThe disposition on
sult elsewhere may be the same.
conditions.
the Stock Exchange is to await more definite develOn the Stock Exchange both investment and specu- opments and advices before attempting to draw any
lative buying has been on a very diminutive scale. sure conclusions.
The Governing Committee of the Exchange had last
We publish to-day our compilations of bank clearweek decided not to grant the request of the members
to close the Exchange July 5 and July 6 in addition ings for June and the half year (page 1 and page 15),
to the Independence holiday of July 4, but the present and they reflect in a striking way the activity and
week another petition was sent in and the Committee magnitude of trade during the current year. For
reconsidered its previous determination; in view of the June the aggregate of the exchanges of all the clearhot weather the petition was this time granted. The ing houses in the United States is 51*6 per cent larger
Exchange therefore has been closed since Wednesday than for the same month of last year, for the second
not be opened again until Mon- quarter the increase is 62*9 per cent, and for the halfday morning. The aggregate of the sales for the year the increase is 48*4 per cent. In brief, for the
three days in which business was done, namely Mon- six months this year the volume of the clearheavy as for the
day, Tuesday and Wednesday, was only 918,953 shares. ings was one-half again as
There was one day last April (namely April 30) when six months of last year. Expressed in figures,
were
in
1901
clearings
that
means
the transactions for a single day reached 3,281,226 this
afternoon, and

it will

roughly 21 thousand million dollars in excess of
Aside from the heat, a number of other circum- those for the six months of 1900. It is true that last
stances have also operated to restrict trading on the year there had been some falling off in the total, but
Exchange. Money rates have continued to rule stiff the decrease then was really insignificant alongside
temporarily, call loans on the Stock Exchange being the present increase. If we extend the comparisons
made as high as 10 per cent on Monday and at 8 per back a few years we find that the aggregate for 1901
cent on Tuesday, while on Wednesday a maximum of at 64,021 millions contrasts with 43,153 millions in
25 per cent was recorded on loans to run until next 1900, with 48,374 millions in 1899, with but 33,035
Monday. The two bank failures in Buffalo (the City millions in 1898 and with no more than 25,141 milNational Bank and the Niagara Bank, the latter a lions in 1897. Of course every one understands that
shares.

clearings have been of exceptional
magnitude by reason of the extraordinary speculation

small institution) possibly also had a quieting effect,
though every one understands by this time that

at

this

city the

have followed which prevailed on the Stock Exchange during the
However, even
from special causes which have no relevancy to first five months of the year.
the situation of the banks as a whole. The closing of if we eliminate New York from the results, the
these banks incited a run on two other institutions, as showing is very satisfactory; the gains in that case
to whose solvency there was no question, but the are not of such exceptional proportions, but there is
the

troubles

prompt action

of

these

of the

institutions

members

of the Buffalo Clearing

House, in resolving to stand together in one another's
support, checked the panic and averted disturbance

from that source.

The

'

strike of the steel workers in

very noteworthy growth nevertheless. Thus outside
of New York the total is 19,281 millions for 1901,
against 16,639 and 16,349 millions respectively in
1900 and 1899, only 13,130 millions in 1898, and but

July

THE CHRONICLE.

6, 1901.]

in

millions

10,983

the
places records

to'all sections of

group

of

11-9 per

of
of

cent,

per cent,

8-1

The increase extends
The Middle Western
country.
1897.

per cent, the
cent and the

New

the

LIMBS KABT OF
PlTTSBDKO.

7.770.687

7.128,607

6,018.887

6,3»tt,787

6.086.667

I
6.178,887

4. '.'4

•,722.070

4.0U1.170

8.761.07'

8,476.870

8.746,170

,404,4(1

1,987.897

1.63 "<.e»7

.*jti.a»7

the Pacific group a gain of 16
England group a gain of 18-3 per

1.498,407

Southern group a gain of 19'6 per

i

I

Gross •arnlugi
openttV expenses

Net eaxninK"

li*<8.

18W7.

ii**.

Jtf.iV.

gain over last year
Far-Western group a gain
a

urn.

1MOU.

1B01.

1,170

2.K23.4tt7

I

i

Jan. 1 to M"V 31.
87.086.670 83.628.478 87.888.176 26.114.87(1 84,404,176 80.190,878
Gross earning!
17.244,061 18,674^61
Oixjrat'g expenses 24,770.161 28,868.461 80,166,061 18,804.151

Net earnings..

12,268,425 L0jm,oai

7,826,126

7,310.72?

7,160.126

6.824.8*3

cent.

The records

of

mercantile failures

tell

a similar

should not escape notice that the anthracite coal

It

generally prosstory of activity in trade and also of
roads are now also making very good returns of earnnumber
of
larger
somewhat
A
perous conditions.
These roads are working in complete harmony
ings.
1901
months
of
six
the
in
wall
the
to
went
concerns
with one another, prices are well maintained and bethan in the six months of last year, the figures being ing adjusted on a rising scale, and the companies have
5,759 against 5,332, but the liabilities aggregated only apparently recovered completely from the effects of
$55,804,690, against $74,747,452. This shows that there the late miners' strike.
The presence of all these
were fewer very large failures. For the second quarter favoring circumstances is reflected in the returns of
of the year, which is perhaps a better criterion of the the companies for the month of May.
We bring toin
less
were
insolvencies
the
existing situation,
gether below the figures of the roads making monthly
failonly
2,424
amount
and
number
both
reports.
;

ures were reported in that quarter of 1901, against
quarter
of 1900,
corresponding
the
in
2,438
and the liabilities were but $24,101,204, against

In the second quarter of 1899 the number and liabilities were respectively only 2,081 and
$14,910,602, but that was a period when an extraor
$41,724,879.

dinarily favorable state of things existed. If

know how good the present
sary to

result

is, it

is

we would

only neces-

compare with the years preceding 1899; thus

as

against 2,424 mercantile defaults in 1901, the number
in the second quarter of 1898 was 3,031, in 1897 2,889,

1895 2,855, in -1894 2,734 and in
1893 3,199. The liabilities at $24,101,204 for 1901
compare with $34,498,074 for 1898, with $43,684,876
in 1896 2,995, in

ANTHBACITE COAL EOADS.
Qross.

,

Month May.
Central of N.J
Re ad In e
Railroad
Coal & Iron Co....

—

1900.
$1,262,185

2,574,734
2,840,616

2,329,242
1,817,801

2,274,323
1,946,723
3,641,472

2,071,308
1,466,363
3,151,116
353,859
162,189

Netinoome
Lehigh Valley RR...
Lehigh Valley Coal..
Erie:.
N. Y. Ont.

& West...
& West..

N, Y. Susq.
Total

493,522
213,772

Ntt.

1

1901.
$1,316,044

$15,301,206 $12,644,063

n

1901.

1900.

$543,581

$521,790

997,840
253.226
85,977
503,418

813,234
31,627
21,738
404,627
def. 40,088
871,612
87,148
60,720

def.

544

1,094,702
133,118
82,285

$3,683,603 $2,762,408

thus be observed that for the companies represented in the foregoing the gross receipts improved
$2,657,143 over the same month last year and the net
It will

improved $921,195,

the

latter

a gain of over 33

per cent.

for 1897, with $40,444,547 for 1896, with $41,026,261

There was no change in official rates of discount by
with $37,595,973 for 1894 and with no
for 1893, the year of the any of the European banks this week and open marless than $121,541,239
ket discount rates were easy at the chief centres. The
panic.
cable announced the failure on Thursday of the Tre>
As an indication of the continued improvement in ber-Trocknung (grain- drying) Company of Cassel.
railroad earnings, the return of the Pennsylvania This was one of the most prominent of German inRailroad for the month of May, issued this week, dustrial undertakings, but it has for some time been
for

1895,

furnishes an excellent illustration.

We

more

because

system

large

particularly

refer to this
its traffic

sharply attacked in the financial press of Berlin, owing
to its

methods of doing business.

The Director- Genand the Chairman

run eral disappeared after the failure
because
its
lines
through and connect such important manufacturing was arrested. An Odessa cable reports the suspencentres, while at the same time the volume of its coal sion of the Karkoff Commercial Bank, with a deficit
traffic surpasses that of any system in the country
amounting to about $2,550,000. The failure caused
is

so

Hence

diversified

it

and

may be and

is

accepted

generally as

For May
the
country's industries.
of
Pennsylvania reports an increase of $644,100
in gross
and of $424,000 in net on the lines
directly operated east of Pittsburg and Erie, and an
increase of $367,500 in gross and of $222,200 in net
typical

the

a financial panic in South Eussia.

The statement

of

New York

Associated Banks last week was chiefly
from the fact that the Seventh National
was omitted, through its failure, from the list of
reporting banks.
In the previous week this
institution
reported
an average of $4,407,100
loans, $557,700 specie, $777,700 legal tenders and
$5,712,400 deposits.
The elimination from last
week's statement of the returns of this bank
would therefore account for a good part of the changes
in the items of loans, cash and deposits reported by
all
the banks on Saturday last. This statement
showed a decrease of $10,374,000 in loans, of $985,300
in specie, of $7,400 in legal tenders and of $11,462,200
the

noticeable

on the lines west of Pittsburg and Erie. For the
combined lines east and west, therefore, the improvement amounts to $1,011,600 in gross and to $646,200
in net
and this, as we have
all for a single month
pointed out on previous occasions, does not include
the companies controlled but separately operated. We
need hardly add that the present improvement follows still more noteworthy improvement a year
ago, the combined system in May last year having in deposits.
Consequently the surplus reserve was inshown no less than $1,629,400 gain in gross and creased by $1,872,850 to $8,484,200. That there was
$525,600 gain in net.
In the following we furnish quite a general reduction of loans with a view to the
a six-year comparison for the lines directly oper- rectification of the percentages of reserve to deposits
ated east of
Pittsburg, the only portion of the would appear from the fact that, whereas in the presystem for which we have the data for such a vious week twenty-five banks, of which sixteen were
comparison.
national, were below the limit of 25 per cent of re-

—

—

..
.
.

THE CHRONICLE.

[Vol. LXXI1I.

EDgland minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety-day bank bills in London
percentages.
important gains in
2|@2i; per cent. The open market rate at Paris is 2
Farther arrivals of gold at Seattle and San Fran- per cent, and at Berlin and Frankfort it is 3 per cent.
cisco from the Yukon fields have been reported this According to our special cable from London the Bank
week. The Canadian Bank of Commerce has thus of England lost £825,971 bullion during the week and

aerve to liabilities, the number of banks showing such
deficiency last week was only seventeen, of which but
six were national, and some of the latter Bhowed quite

far received $711,000 in checks, representing gold deThe bank has
posited at Seattle for their account.
advices of the shipment to San Francisco of about

The Bank

of

held £37,590,577 at the close of the week.
Oar correspondent further advises us that the loss was due to

the shipment of £985,000 net to the interior of Great

$1, 750,000 more gold from the Yukon, which will in due Britain and the export of £10,000 to Roumania, offset
course be remitted hither. The Secretary of the Treas- by imports of £199,000— £100,000 of the latter coming
orylcontinues to purchase unmatured bonds, indicating from Egypt, £75,000 from Australia and £24,000 mis-

that this policy will prevail for the present, notwithstanding the fact that usually the fiscal operations of
the Department result in a deficiency during the first

cellaneous.

two months of the new fiscal year, and the tax reductions made by the late Congress went into effect
July 1. The amount paid for bonds at the New York
Sub-Treasury this week was $746,070 01, making $13,-

heavy and without special feature during the week.
The influences operating were the extreme heat, which
tended to restrict operations, dearer money in New

586,994 58 thus far since such'purchases began. There
was an unexpected shipment of $600,766 53 gold to
Germany on Thursday by the National City Bank.
This, however, as above noted, was counterbalanced
Iby payments for Yukon gold.

The market

for

money nas been unsettled

this

Tjreek by the shifting of loans incident to the disburse-

ment

and dividends and

by the
3»ank troubles at Buffalo, noted elsewhere, which
Jiave probably resulted in the withdrawal by some
country banks of balances with their New York correspondents. The closing of the Stock Exchange on
Wednesday for the remainder of the week caused an
urgent demand for money on that day and then the
highest rates for the week were recorded, loans being
made at 25 per cent until the following Monday.
The range for money on call at the Stock Exchange
during the week was from 25 per cent to 4 per cent,
averaging about 8 per cent. On Monday loans were
at 10 per cent and at 6 per cent, with the bulk of the
business at 7 to 8 per cent.
On Tuesday the
inquiry was less urgent, owing chiefly, however,
to the extreme heat, which tended greatly to
restrict business on the Exchange, and transactions
were at 8 per cent and at 4 per cent, with the majority at 6 per cent.
On Wednesday loans were called
by banks and trust companies in preparation for disbursements later in the week, and some of these institutions declined to loan in view of the fact that, business being suspended, the money could not be called
on Friday if such calls should be necessary. The restricted offerings contributed to high rates, and after
opening at 6 per cent money advanced in the afternoon to 25 per cent and the last loan was at 15 per
cent, with 20 per cent bid.
Banks and trust companies were governed in their over-counter loans by
the rates ruling at the Stock Exchange, and none of
the institutions loaned below 6 per cent. Time contracts were firmly held and business was only moderQuotations were 4 per cent for sixty days to
cate.
Hour months and 4£ per cent for five to seven months,
on good mixed Stock Exchange collateral. Saarcely
anything was done in commercial paper, local buyers
being entirely out of the market, and the inquiry
.from the interior was insignificant.
Quotations were
nominally 3f @4£ per cent for sixty to^ninety-day en•doraed bills receivable, 4@4£ per cent for prime and 5@
-1J per cent for good four to six months' single names.
of July interest

also

The

foreign exchange market was doll and generally

York and

London, these naturally
causing a recession in exchange rates. There were
some offerings of commercial bills drawn against spot
movements of grain, and also offerings of options of
sight bills deliverable in September.
Commercial
futures against prospective shipments of grain and
cotton are offered with some freedom, but bankers
seem inclined to scrutinize these bills closely and to
accept only those which are regarded as strictly first
easier discounts in

above noted, the National City Bank
shipped $600,766 53 gold to Germany on Thursday,
making total exports of the metal since the beginning
Inasmuch as rates for
of the £year $28,682,764 91.
exchange are below the gold-exporting point, not only
for sterling but for Continental exchange, the shipment was probably a special transaction. The Aesay
Gold
Office paid $469,647 62 for domestic bullion.
received at the Custom House during the week,
class.

As

$173,641.

Nominal rates for exchange were 4 86 for sixty day
and 4 88£ for sight all week. Rates for actual business opened on Monday unchanged for long, compared with those at the close of last week, while those
for short and for cables were one-quarter of a cent
lower, at 4 87^@4 87f for the former and 4 88@4 884.
for the latter, influenced by easy discounts in London and dearer money here. The market continued
heavy at unchanged rates for these classes of bills for
the remainder of the week, affected by the abovenoted conditions and also by the absence of demand,
caused first by the extreme heat and later by the sus
pension of business on the Stock Exchange, which
prevented

arbitrage

transactions.

The following

shows daily posted rates for exchange by some of the
leading drawers.
DAILY POSTED BATES FOB FOREIGN EXCHANGE.
FBI..

June

Brown Bro.

{f?*ȣ

Baring,

Magoun 4

Co..

Sank British
No. AmerlOE.
Sank of

. .

Canadian Bank
of Commeroe.

.

Seidelbaoh, Iokelhelmer & Co.

!

60 days

(

Sight...

(

60 days

of Canada

MON.,

TrJig.,

Wmd..

July

July

July

1.

a.

3.

486
4 88*
486
4 88*
486
4 88*
486
4 88*

86

fc8*

mi

88*

86

86

86

88*

t8M

88*

88*

88*

86

86

86

66

88*

88*

88*

88*

86

86

86

t8*

88*

£8*

86

86

86

1

(

60 days

486

(

Sight...

4&<*

(

60 days

488

86

86

86

(

Sight...

88*
486
4 88*

sex

88*

88*

86

86

86

E8*

88*

:

(

90 days

4 86

}

Siurbt...

4

88*

5.

86

Sight..

4

FBI..

July

86
<.8A

60 days

.

THTTB.
July 4.

88*

1

UHHdltaNa ...jg°*£
tferohants' Bk.

28.

86

86

>

<

88*
86

88*

3
V

66

88*
86

88*
86

88*

86

86

86

88*

Bb*

88*

86

88*

The market closed with long at 4 85i@4 S5£, short
&7|@4 87| and cables 4 88@4 88±. Commercial on
banks 4 84£@4 85 and documents for payment 4 844,®

4

July

THE CHRONICLE.

1901.]

6,

Cotton for payment 4 84}@4 84J, cotton for
payment
grain for
acceptance 4 84J@4 85 and

4 85i.
4

86@4

The
money

85*.

gives

following
to

the

these changes in the internal revenue law?.

movements of plicated by other considerations, more particularly as to
the course of expenditures. There is no likelihood of
by New York banks.

week's

and from the interior

a

WUk

Kndint Julu

5.

SMpptd by
Rtceived by
S. T. Dank: N. T. Bank:

1001.

Net Interior
Movement.
1944001

1.044.000

15.204.000
1.28J.000

Lobs.
Loss.

16,804.000

16,683,000

Loss. I1.188.00C

14.860.000

844.0'X

repetition
in the

affairs

outlays of

vary

is

as follows.

of

the

Chinese campaign, and Bhouhi

Phillipines improve sufficiently to per-

mit the permanent withdrawal of a considerable portion of the United States forces located there, the
the

greatly

With the Snb-Treasury operations and gold exports would count
the result

Whether

there will be a corresponding reduction in the year's
surplus of receipts over expenditures is, of course, a
An answer to that qaestion is comdifferent matter.

War Department would

curtailed,
as

an

and

offset

the

to

obviously be

resulting

saving

the decrease in

rev-

enues.

According to the monthly Treasury returns the excess of receipts over expenditures for the late twelve
8P.6S2.000
Loss 81.188,000
Banks Interior morement. a* above H6.894.000
months was $75,864,999. This includes, however,
10160,000
Loss. 1.760.00C
1T.400.000
Bib-Treas. oper. and sold exports
$2,122,841 realized in June 1901 from the sale of the
Loss. 82,938.000
128,704.000
tS6.732.000
Total BoVd and legal tenders.
claim of the Government against the Sioux City & Paamount
of
bullion
the
indicates
table
The following
cific RR. and $2,956,318 paid into the Treasury in
banks.
European
principal
the
In
February 1901 and $1,496,091 paid in March 1901 on
account of the indebtedness of the Central Pacific
July 5, 1900.
July 4. 1001.
RR. Eliminating the sum represented by these items,
Bank of
Silver.
Gold.
Total.
Total.
Silver.
Bold.
namely $6,575,250, the excess on the ordinary operaX
4
1
4
tions of the Government is found to have been $69,82,691,617
37,600,577 82,691,617
ngland...... 87,600.677
08,814,877 44,777,334 148,902,811 86,056.405 45.809,047 181,765,648
tranoe
289,749. For the previous year the surplus made up
German*'.... 20,610,000 15 264,000 44,864,000 87,761.000 14.301.000 42.068.00C
in the same way (that is, with similar extraneous items
71,604,000 7,588,000 70.186,000 81,702,000 8,177,000 89,969,000
Russia
Aui.llQnif'y. 88,781,000 11,188.000 40,004,000 37,661,000 0,673,000 47.884.00C
These are obviously
eliminated) was $75,367,146.
14,003,000 17.070.0OO 31,078,000 18,680,000 16,937,000 80.626,000
Spain
Tne decrease of six
both
of
them.
large amounts,
15,181.000 1,055,800 17.076,800 15.458,000 1,666,000 17,108,000
Italy
4,872.000 6,033,000 10,905,000
6,137,800 5,739,800 11.874,030
Netherlands.
millions in the surplus follows not from a falling oft
8,808,000 1,408,000
4,806,000
4,897,000
8.081.000 1,466,000
Nat. Belg'm •
in revenues, but from an augmentation in expenses,
Tot. this week 318.092.664 104964SH 418,956.038808,068,118 1C3938017 408,666,160
Tot. prey, w'k 318.250.188 106876420 425.186.643308,162.161 103386133 406.848.294
and this is an important fact to remember as bsaring,
upon the possibility of a contraction in the expense
* The division (between gold and silver) given In our table of ooln
and bullion In the Bank of Germany and the Bank of Belgium 1b made accounts in the new or current fiscal year. Aggregate
from the best estimate we are able to obtain in neither oase Is it
after having dropped from $605,072,180
claimed to be aoourate, as those banks make no distinction in their expenditures
and
sliver,
but
we
reporting
the
total
gold
merely
returns,
weekly
in 1898-9 (the year of the war with Spain) to $487,believe the division we make is a olose approximation.
713,792 in 1899-1900, rose again in the late year to
At the latter figure the total is deci$509,983,310.
dedly the largest of any twelve-month period since the
Week Mndint July

6.

Out Of
Bank$.

Into

19»1.

Net Ghana* in
Bank RoUUnot.

Bank*.

1

;

GOVERNMENT FINANCES FOR THE FISCAL
A

review of the finances of the

U. S. Government

which ended on June 30 1901 presents both a pleasing prospect and a pleasing retroAs in the fiscal year immediately preceding,
spect.
the excess of Government revenues over Government
disbursements reaches very large proportions, and the
period of deficient revenues, which at an earlier date
proved so disturbing and lasted so long it almost
seeming as if the deficit was to be chronic has given
place to a totally different state of things, and one,
This last is a
too, which bids fair to be enduring.

for the fiscal year

—
—

particularly gratifying feature.

Nor

is

the conclusion

invalidated by the circumstance that with the begin-

ning of the new
visions of the

fiscal

year on July 1 1901 the pro-

War Revenue Reduction

Bill cutting off

year 1865-6 following the close of the Civil
barring the year 1893 99 just referred to.

fiscal

—

YEAR.

The further addition

War

of 22 millions to total expenses

during 1900-1901 becomes

all

the more noteworthy

when we observe that

this augmentation in the total
occurred in face of a reduction in some of the con-

stituent

items.

Thus the

call

for interest

on the

public debt in the late year was but $32,317,402, as
against $40,160,333 in the year preceding, the decrease
of nearly eight million

dollars

reflecting

the saving,

through refunding of a large portion of the debt. The
million dolpension payments too were smaller by
1899-1900
for
and
lars, the amount being $140,877,316
$139,323,489 for 1900 01. Because of the saving in.
these items, there must have been obviously an increase of fully 31£ million dollars in the other items
of expenses, and the increase extends to all branches
of the service: The War D apartment spent $144,620,-

H

went into effect. The
taxes repealed are those on bank checks, promi&sory 591 in 1900-1901, against $134,774,768 in 1899-1900*
notes, certificates of deposit, money orders, bills of and as showing the magnitude of this item we may
lading, express receipts, warehouse receipts, telegraph note that prior to the outbreak of the Spanish-Amerand telephone messages, proprietary medicines, per- ican war, the expenditures of the War Department
fumery and cosmetics, and the taxes on the different averaged not over 50 million dollars; the Navy Deforms of insurance, besides those on various kinds of partment spent in 1900 1901 $60,515,387, against
documentary paper in addition, the tax on beer, cigars, $55,953,078 in 1899 1900; what are called the civil
cigarettes, tobacco and snuff, and on foreign bills of and miscellaneous expenses were $122,310,431, against
exchange, has been considerably reduced.
$105,773,190, and the cost of taking care of the
Beloir
It is estimated that in the fiscal year upon which Indians was $10,896,007, against $10,175,107.
the Government has now entered revenues will be we furnish an analysis of both the yearly expenditarefrreduced, roughly, 40 million dollars as the result of and the yearly receipts back to 1879.

a portion of the war revenue taxes

;

THE CHRONICLE.

6

KECEII'TK ANI> IJIS11UK8EMENTB— 1878-79 TO 1900-01.

GOVERNMENT

Receipts
Fiscal Tears ending

June 30—

Internal

Customs.

Total.

$

$

S

113.561,810

23,015.526

273.827,184

186,522,085

124,009,374

22,995.173

198,159,676

136,264,386

27,358,231

220,410,730

146,497,595
144,720,369

36,618,925

81,868,308

181,471,939

121,686,072
112,498,726

192,905,023
217,286,893

116,805,937
118,823,391

26,728,767

333,526,611
800,782,293
403,525,260
398,287,582
348,519,870
328,890,706
836,439.727

195,087,490

The

increase

is

due to the

new tariff law enacted in 1897, to the
passage of the AVar Revenue Act of 1898 (which im-

137,250.048

214,708,497

to $238,786,741 In 1900-1.

operation of the

from —
Miscellaneous

Revenue.

[Vol. LXXIll,

$

88,860,718

posed a duty of 10 cents a pound on tea), and to the
revival of trade.

growth in the receipts— Customs and inwhich has so transformed the Treasury situation that in place of large yearly deficits we
It is this

ternal revenue

—

have returned to the old-time condition of a large
yearly surplus.
The problem confronting the Treas871,403,277
35,292,998
ury officials has changed in a corresponding way. It
879,266,075
124,296,872
35,878,029
219,091,174
387,060,059
130,881,614
82,335,803
223.832.742
is no longer a question how to float loans to meet the
403,080,982
142,606.706
80.805,692
229.668,584
392,612.447
145.688,249
27,403,993
219.522,205
shortage in revenues, but how to get rid of the accu1891
354.937,784
153,971.073
177,452.964
23,513.747
mulating cash in the Treasury and thereby prevent
885,819.829
181.027,624
21,436,988
203,355,017
1893
297,722,019
147,111.283
18,792,256
131,818,530
disturbance of the money market. Three methods
313,390,075
143,421,672
17.809,786
152.158.617
326,976.200
148,762,865
20,191,583
were practiced during the late year for putting out
160,021,752
347.721,705
24.479,004
140,888.574
176,664.127
1897
Treasury
cash. In the first place the process was con20,091,408
340,670,111
170,900,641
149,576,062
601,162,306
+24,596,662
273,437,162
20M28.482
tinued of refunding the public debt by converting
563,080,938
1 34,588. 140
295,327,927
233.164 871
the old 3 per cent, 4 per cent and 5 per cent
679,273,060
305,614,411
u 34,971 90S
238.788,741
* Does 'not include $6,303,000 from sale Kansas Pacific RR. and
bonds into new 2
per cents, premiums being
$59,448,224 from sale Union Paoiflc RR.
paid
in
cash
the
holders of the old bonds
to
Does not include $11,798,314 from sale Central Paoiflo RR.
receivers
by
of
dividend
from
payment
J Does not irclude $821,898
as compensation
for
the reduction in interest.
Of Union Pacific, and $3,338,016 from sale Central Pacific RR.
a Does not include $2,122,841 received in Judo 1901 from sale of The Secretary of the Treasury set the end of the
claim against 8ioux City & Paoiflo, and $2,956,318 received on account
of Central Pacific indebtedness in February 1901 and $1,496,091 calendar year 1900 as the time limit for the operation,
received in March 1901.
and a statement furnished us by the Treasury Department and published in our issue of February 2
Expenditures.
Fiscal
29,720,041

t

Tears
ending

Excess of

Premium,

Ordinary,
includ.

war on Bonds

Receipts.

Pensions.

Interest.

Total.

$

$

1

June 30. .and navy. Purchased
$

$

1879.

126,498,453

1880
1881
1883
1883

112,312,889

2,795,320

127,083,818

1.081.249

$
6,879,300

65.883,653

82,508,741 260,712,888
71,077,207 257,981.440

100,069,405

61,345,194
66,012,574

59,160.131 285,408,138

55,429,228
56,102,267

54,578,378 244,126,244
51,386,256 260,226,935

132,879,444
104,393,626
63,463,771

128,498,128

63,404,864

50,580,146 242,483,138

145,161,501

75,029,102

47,741,577 267,932,180

125,559,039

140,235,433

134,118,638

1885
1886
1887

35,121,482 105,327,949 266,947,884
56,777,174 95,757,575 267,642,958

.......

152.738,412

50,059,280

1901 (page 209) showed that altogether $445,874,650

bonds had been refunded, on which a cash
premium of $43,575,209 was paid. This refunding,
of the old

145,543,810

93,956,589
103,471,097

134,650.443

8,270,842

80,288,509

44,715,007 267,924,801 +111.341,274

1889.

153,370,352

17.292,363

87,624,779

41,001,484 299,288,978

1890.......

154,700,347

36,099,284 318,040.710

1891

193,409,598
187,082,161

20,304,234 106,936,855
10,401,221 124,415,951

37,547,185 365,773,905

134,583,053

23,378,116 345,023,330

+87,761,081
+85,040,272

+28,838,642
9,914,454

however, did not
are

now

all

reviewing.

vious fiscal year.

take place in the
It

Up

fiscal

year

extended back into the pre-

to July 1 last year $307,125,350

new twos had been

and it was estimated
that 3 Of million dollars of cash had been paid out in
effecting the exchanges to that time. Deducting this
30f millions from the $43,575,209, and it would appear that about 12f millions in cash was paid out on
of the

issued,

the refunding operations in the late year.

1893

198,856,004

159,357,558

1894.

198,506,589

141,177,385

27,284,392 383,477,954
2,341,675
27,841 ,406 387,525.280 df.69.803261

1895

183,822,039

141,895,229

30.978,030 356,195,298 df.42,805223

177,360,416

139.434,001

85,385,029 852,179,446 dl.25,203246

ury cash was in the redemption of what were

141,053,166

87.791,110 365,774,169 df.18,052464

as

147,452,369

87,585,056'443,368,583 dfl 02798478

189,394,929

89,896.926 606,072,180 dfl00909874

140,877,316
139,323.489

40,160,833 487,713,792

76.867,148

82,817,402 609,983,810

69.289760

1897.

186,929,884

1898
1699

258,881,158
426,780,826
306,676,143
388.84 2,419

1901

+ Allowing for the

.... ..

premiums

paid, the actual excess tn 1888 Is $119,612,116;

'n 1869, $106,053,444; In 1890, $105,844,496

The second method employed

'

l

and in

1891. $37,239,783.

A word or two will not be out of place with reference to the magnitude of the receipts. It will be noticed that there was a farther increase in total revenues in the late year of 16 million dollars, after an
1

we

in disbursing Treas-

the extended 2 per cents, being the

4-\

known

per cent

bonds which had been extended at 2 per cent. Before
the fiscal year began, Secretary Gage had called these
bonds for payment in August, and on July 1
1900 $21,979,850 were reported outstanding. The
third method for reducing the Treasury surplus was
adopted last April in the offer made by Mr. Gage to
purchase short-term bonds on a certain definite interComparing the debt statement for April 1
est basis.
1901 with that for July 1 1901, it is seen that $14,359,370 of bonds were bought the last three months
under this offer (consisting of $291,520 3s, $12,983,550 4s of 1907 and $1,084,300 of 5s), the amount paid
for which, including premiums, aggregated, roughly,

and an increase
than 163£ million dollars in 1899. In other
words, as against $340,570,111 in 1897-8, the receipts
in 1900-1 were $579,273,060.
Never previously have
Government revenues reached such an aggregate in a
twelve-month period. The addition in three years 16 million dollars.
has been over 238£ million dollars. This great growth
la the three ways together means were provided
reflects not only the war taxes imposed, bat the won- for the disposal of approximately 50 million dollars.
derful prosperity and activity of trade in all lines and But the excess of receipts over disbursements for the
The internal revenue alone amounted to twelve months, we have seen, was $69,289,749, and if
industries.
over 305£ millions, comparing with $146,688,574 in we add on the amounts received on account of the
increase of 59 million dollars in 1900
of

no

less

and this total of the internal revenu6has been
but once exceeded in the whole history of the Government, namely at the end of the Civil War in
1865-6, when the amount was a little larger at $309,226,813. The Customs revenues at 238| million dollars are considerably in excess of the highest previous
As recently as 1898 that item was but $149,total.
575,062; from this there was an increase to $206,128,482 in 1898-9, to $233,164,871 in 1899-1900 and now

1896-7,

Pacific roads

the total

is

raised to $75,864,999.

Un-

circumstances it is not surprising that the
cash holdings in Sab-Treasuries now should be very
much larger than a year ago, being reported $307,890,600 July 1 1901, against $279,615,582 July 1 1900.
The amount of gold embraced in the same (including

der the

$248,605,794>his year
against $220,557,185 last year.
The deposits in the
depositary banks show only a slight difference, being

the 150 million gold reserve)

is

JCLY

8,

THE CHRONICLE.

1901.1

$101,416,974 July 1 1901, against„$101,h79,520 July 1
1900.
After allowing for current liabilities, the
Treasury has an available cash balance now of $176,833,125, independent of the 150 millions gold reserve.
The corresponding balance July 1 1900 was $155,705,655.

The

are in equally good favor.

reasons for that state

In the

of affairs are very simple.

place, cotton

first

^oods are cheap, and the majority of the Russian
peasants are generally too poor to buy anything more

and

the second place, with the protracted period of cold weather over the greater pa,rt
of the Russian Empire, the wearing of a fur coat is
,iunBive;

in

While Government receipts exceeded by $75,864,999
Government disbursements, the actual debt reduction indispensable for the peasant it is made of sheepskins.
for the twelve months is represented by a somewhat Woolen clothes under it would be too bulky, and
smaller sum.
We make the net debt (that is the ag- cotton goods only, perhaps homo spun linen somegregate debt less cash in the Treasury) July 1 1901, times, allow him to do effective work in the winter
It thus happens that the Russian peasant Is
$1,044,739,120, as against $1,107,711,258 at the cor- time.

—

responding date
63

million

last year,

dollars.

giving a decrease

The

difference

of,

roughly,

between

this

clothed in cotton almost

The

all

the year round.

the Russian cotton industry is most
centrally located on the upper part of the Volga, the
seat

of

amount and the $75,864,999 excess of receipts is accounted for by the premiums paid on the recent bond longest river in Europe, between two cities, whose
purchases and the premiums paid earlier in the year names are dear to every Russian heart and inseparThe bonded debt now able from Russian life Moscow, the ancient capital
in the refunding operations.
aggregates $987,141,040, of which $445,940,750 con- of the Empire, and Nishni Novgorod, the great market
sists of the new twos, $99,621,420 of the 3s of 1908- where Occident and Orient have met for from six to
It em1918, $257,409,370 of the 4s of 1907, $162,315,400 of eight hundred years to exchange their wares.
braces the whole Government of Vladimir and the
the 4s of 1925 and $21,854,100 of the 5s of 1904.
This loeastern part of the Governmeut of Moscow.

—

R USSIAN IND USTRIES— COTTON
AND RAW COTTON*

cation was well chosen by the forefathers of the pres-

G O ODS

ent industrial knights of Russia, as

it

is,

so to speak,

the gate at which the inhabitants of the rich and
Bast
Far
have
brought
The recent events in the
purely agricultural South, coming up the Volga, must
Russia to the foreground as the one power which by exchange their grain and other products of the soil
its military and political force is well fitted to get a
with the inhabitants of the practically poorer North,
foothold in China.
who, by the unproductiveness of their soil, were comwell
chosen
moment
may
be
to pelled to divert their energies to industry and trade.
For that reason the
throw a glance at a few of those Russian industries
In spite of the changes made through railways in
which, it is feared, will snatch away from the Amer- the last century, the position and importance of the
ican manufacturers some of the Eastern markets, natural and artificial waterways which are crossing
which your exporters have obtained and held for so this industrial district have not been affected at all.
many years. I write to day of "cotton," because a On the contrary, one might say that the constantly
few of your manufacturers have displayed some anx- growing demand of the industrial States of Western
iety that Russia might in the near future close certain Europe for Russian grain has heightened the importof the Eastern markets which had formed good out- ance of these waterways, which connect the Caspian
The best of Sea with the Baltic and the White Sea but a good
lets for American- made cotton goods.
the talent will then be able to judge whether Indus deal of the grain used for home consumption is foltrial Russia is really such a formidable competitor as lowing these highways to be finally landed at St.
they have imagined her to be.
Petersburg, Moscow and Riga.
The art of weaving, as your readers well know, is
The importance of the cotton industry to Russian
of Eastern origin, the marvels of Oriental handicraft industrial life is best illustrated by the proportion of
From textile labor to labor in general according to the
being cherished in many an American parlor.
the proximity to Eastern life and the continued in- latest figures at hand, about S5 per cent of all the factercourse with the Orientals of Asia, the spinning of tory hands in the Government of Moscow were encotton goods by hand has been transplanted by hand gaged in textile industries, and of these GO per cent,
at an early date to Russian soil.
But the application adding dye and print works 70 per cent, were to be
of machinery in Russia to the process of cotton spin
found in the cotton industry. A further proof for
ning and weaving is of very recent date hardly more the predominating position of the cotton industry in
than thirty or forty years old.
modern Russian life is the fact that the business done
The consumption of cotton goods is very large in at the Nijni-Novgorod Fair is gauged by the turnRussia. On the surface this assertion may sound some- over in cotton goods, whereas in former years Chinese
what fictitious, as the simple name of "Russia" give a tea had been the leader.
the shivers to the foreigner, the country being consid
The surety of the profits which can be gathered by
ered as the climax of "cold." It must not be forgot- holding the home market has made even this industry
ten, however, that even European Russia
not to speak indifferent as to competing with the other manufacof her large possessions in Asia
extends so far South turing nations in the open markets of the world.
that rice, cotton and tea can be raised in the shel- That, I think, removes one of the danger points
tered valleys of the Caucasus and the Trans- Caucasian which some of your manufacturers had seen looming
governments, where even coffee trees have been up with regard to their Chinese export trade in cotton
planted as an experiment. It is evident that in such goods. The Russian Government has lent a helping
mild climates cotton goods will find a ready mar- hand to the export of cotton goods by allowing a
ket.
But in all the Central and Northern dis- drawback on Buch goods exported up to the extent
tricts, with
the exception, perhaps, of the most of Custom's duties on the Imported raw cotton
;

;

—

—

—

Northerly coast regions, the
*

home made cotton goods (American,

Communicated by oar Special Correspondent

at St. Peterabnrg.

these

same

Egyptian,
goods.

Indian)

But

all

represented

that

without

in

any

THE CHRONICLE.

8
appreciable result
of the Russian

is

;

possibly

the indolent

responsible for this state

character
of affairs,

[Vol, LXXlll,

During the inception of the Russian cotton industry
the raw material was mainly of
ontral- Asian origin,
(

which later on lost its place through American cotton,
anything foreign which is not connected with them by because the producers in Central Asia were "too
Thus the Russian cotton industry, during the well" versed in the art of adulterating their cotton.
race.
first half of the last century, confined to its innermost Up to date, this cotton is dirty, sandy and "watered,"
domestic hearth, had been leading the life of a house so as to raise its weight.
With the increase of the imports of American cotton
and home industry, one family representing one facperiod
of
the
during
the
whole industry underwent a change, as now the
changed
this
But all
tory.
1850-60, thanks to the progress of steam power, which importer, i. c, the foreigner, became the leader.
The importers alone had their well-established conset in much slower here in Russia than in the other
nections
with the bankers and cotton deabra in the
parts of Europe.
Then the broad masses of the people beganHo realize ports and money-centres of Western Europe, and both
that one of their principal products of the soil was the latter had kept aloof from the Russians on acgreatly enhanced in value through the increased facili- count of their unsteady payments.
These importers, who had been trained in the offices
ties of transportation; their grain crops could be sold
with good profit in the markets of Western Europe. of the merchants In Western Europe, were far ahead
And with that moment began the development of the of the Russians as to the knowledge of cotton and
Russian cotton industry on a large scale, which here the intricacies of modern commerce.
This superiority over the native element was of
in Russia, more than in any other country, is allied
with the welfare of the agricultural population; it great advantage to these foreigners, as a good many
rises and falls with the crop prospects of the grain- points had to be taken into consideration for the importation of cotton from foreign ports to Russian
producing districts and their final out-turn.
The dye and printing works for cotton goods profit inland markets, more so than to other countries using
likewise by the prosperity of the agricultural popula- American cotton, such as the variations of the silver
tion, as the Russian peasants have a great liking for rouble, ruling then, which could turn a very nice
the very loud colors which can be applied to cotton profit on paper into a heavy loss after the transaction
a liking which they probably inherit from their had been closed.
stuffs
Asiatic neighbors ; thus, the red cotton shirt of the
The closing of the shipping season at the Baltic
Russian peasant forms a very picturesque contrast ports, dependent upon the extremely unsteady
with the waving cornfields at harvest time.
climate, is often a source of great trouble to the RusAt the same period the spindle, wrought of steel, sian manufacturers, who like to buy a whole year's
began to push aside the products woven by the dex- consumption at once; some manufacturers, however,
terous hands of the gentle Moslem women.
now prefer to buy from the stocks of American cotton
The Russian peasantry had been paving the way£by in Liverpool, Bremen and Hamburg, as in this way
forming manufacturing communities on a cooperative they can much better judge whether the port of desplan; in fact, the cradle of the Russian textile in- tination for their purchases will be closed by ice or
dustry can be found in the peasant's hut; this develop- not at the time of the steamer's arrival which is carryment, however, was mainly confined to flax, raised on ing their cotton.
the premises, so to speak.
For Egyptian and Indian cotton the port of imporEspecially noteworthy, in the particular men- tation is Odessa; and as the Black Sea is far enough
tioned, were those communities in which religious south to exclude all serious danger from blockade by
sects had been formed, a fact which can be noted in ice, the purchases of these two staples are more easily
other countries as well, where these dissidents have effected.
been instrumental in furthering industrial life. But
As to labor, the cost is comparatively low, but it
they lost their prominent position in Russia, partly comes to a relatively high figure in the end, as about
through their own fault, partly through the ad- three Russian mill-hands will probably not do a greater
venture of steam, and thus made room for the large amount of work in"a day than one American, Engfactories.
lish or German spinner, although the working day
The latter were founded by foreigners, mostly Ger- in those countries is much shorter than here in
man and English, so that the title of "Father of the Russia.
Russian Cotton Industries" falls to the founder of a
Against 9 to 9| hours per working day in England,
well-known German cotton house, which still is we have 12 hours in Russian spinning mills, 13 to 14
known in all of the principal southern ports of the hours in weaving mills and as much as 15 working
United States as the chief exporter of American cot- hours a day (even 16 hours in busy times) in the calicoton to Russia.
printing works in the interior of Russia.
possibly the disinclination of the great masses against

—

When

retiring

upon the
not

from business

this genius

could look

satisfactory result of having called into

life

A

further proof of the smaller efficiency of the

Russian mill hand

than 122 cotton-spinning mills, all prospering, and thus had well deserved the title above re-

twist in 12

ferred

ure of 2,200

less

to.

His crowning work is one of the mills in the Baltic
coast districts, which now has about one-half million
spindles and about 2,500 looms, which derives its
power from various falls in close proximity to the
mills ; it is one of the few mills in Russia which has
invested in combing machines and is spinning fine
numbers from No. 90s upwards, using Egytian cotton
for that purpose.

pair

of

self-

to be

is

actors

found in the fact that a

in Russia produces 1,800 lbs. 30s.

working hours,
lbs. in 9

as

against the English fig-

hours.

About the same proportions we find between the
number of workers and the total of the spindles; in
England 3 men on 1,000 spindles and in Russia 11 to
12 men on the same total.
The first cost, i. e., of construction is also decidedly
higher here than abroad, the cost of constructing a
mill is on the average about R. 33 ($10 50) per spindle,
as against about R. 10 per spindle for English mills.

July

And

0,

THE CHRONICLE.

1901.]

this in spite of the fact that here in Russia the

hulk of the spinning is confined to coarse numbers
only.
It thus happens that the consumption of a
Russian cotton spindle amounts to about 93 lbs. raw
cotton, against 37 to 40 lbs. for England and 67 to 72
lbs. on the Continent.
Reverting again to the question of labor and its
cost, I should like to point out to those of your manu
facturers who are afraid of Russian industrial competition in the Far East, that there is one factor which
would tend to further show that those fears are exaggerated.

Labor

legislation

is

well advanced

countries of America and

in constitutional

Kurope, where the cost of

production has no doubt been enhanoed through the
measures enacted for the benefit of the laborers by
their respective parliaments; but for the near future
the manufacturers of the United States and of Western Europe will hardly have to look for any disagree-

from that quarter.
Although Russia is not a constitutional country,

able surprises

a raison d'etat that she should follow in the

there

is

wake

of her

Western neighbors.

The Government

of the Czar Nikolai II. has taken

the initial steps in that direction, as it well becomes
the reign of such an illustrious prince of peace.
Eat a great deal remains to be done, and it will be

done slowly,

not be expected otherwise in
view of the extension of the empire and the sparselysown population with factories in the backwoods, far
as it could

away from the railways and

all

sorts

of

communica-

tions.

Just at present any additional cost would weigh
rather heavily upon the majority of the smaller and
middle-sized cotton mills in Russia.

A

report quite recently published in one of the

9

spinners of the above-mentioned district to buy more
heavily of Central Asian cotton, which latter, in spite

was only a trifle below the parity
cotton,
but had the advantage of being
American
for
more freely offered at the Moscow Exchange.

of the large crop,

In order to prevent a partial shut down of their
mills, some of our manufacturers had even to buy

some

lots of

Persian and Caucasian cotton.

This turning to new markets has been a source of
trouble to our manufacturers at a period which in
other respects has been sufficiently trying for them.
The lack of honesty on the part of these yellowskinned Asiatics, to whom cheating is equivalent to
trading, can best be illustrated by the following example. Oae of the mills in the above district bought
a large lot of Kokhand cotton which, when received
at the mill's storehouse, turned out to contain not less
than 9 per cent of all sorts of dirt and dust. This lot was
paid for with about R. 300,000, so that the direct loss
amounted to fully R. \ 7,000, or about (13,500; the indirect loss through breakage and waste in the yarn
and in the cloth brings the total loss up to about 30
per cent.
The Russian spinner thus finds to his
utmost regret that he has not the slightest guaranty
against similar losses when making purchases again in
these Central- Asian markets.
This is the more regrettable as the majority of the
mills in the above mentioned district covered almost
their entire supply of raw cotton during the season
1899-1900 in the markets of Central Asia.
The print- cloth market did not fare any better; in
spite of the abnormal conditions ruling for the raw
material, prices maintained a level constantly in the
buyers' favor, but mostly at figures involving a loss to
our weavers.
Several efforts at concerted action have been made
by our calico printers in the Vladimir, Moscow and
Lodz districts to restore the \ kop. per arschin (about
Jo. for about f yard), which had been conceded to the
wholesale buyers at the Nijni-Novgorod Fair in
J

Finance shows
that the crisis, similar to the one in the United States
during the years 1893 96, which has affected Russian
industries and finance since the Fail of 1898, is beginning to make serious inroads into the balance 1899, but without avail.
sheets of the cotton mills in the principal manufacWhen in commercial respects the past year, i. e.,
turing center of this industry, the Government of from Easter 1900 to Easter 1901, has not been a
Vladimir.
very profitable one for our manufacturers, the techsemi-official journals of the Ministry of

In ordinary times the cotton industry furnishes a nical side offers a far more friendly aspect.
good return on the capital invested; 15 to 20 per cent
The output in general has increased the excess
are estimated for the large concerns in the Moscow and over the previous year, Easter 1899 to Easter 1900,
Western Vladimir districts and 7 to 10 percent for the running all the way from 4 to 27 per cent; most of
smaller mills in the Eastern Vladimir Government.
the mills have enlarged their plants and almost all of
The uncertainty of the cotton goods market, coupled them have worked full time during the whole period.
with the advance in the price of the raw material
It is true our manufacturers have not hesitated to
(American), have been unfavorable factors for the put their hands deep in their pockets, and have in-

—

mill owners in the above districts, as they were unable

vested part of their former surplus in the most

raise the prices on their manufactured goods in
view of the heavy stocks on hand.
On the contrary, they were even compelled to reduce

machinery for mercerising

to

and

for

modern

electrical

ap-

pliances for driving their calico-printing presses.

These gentlemen in the " backwoods of Europe," ao
their quotations for yarn by about 40 kop. a pood to speak, have certainly kept abreast with the ad(about 20c. per 40 lbs. Engl.), while the raw material vancement in technical inventions.
was steadily advancing, and this did not improve the
The consequences are shown in the fact that the
manufacturers' outlook for the future.
out nearly
mills
turned
in this
district have
Some of them, pressed for money, did not by any three quarters of a million pieces of printed goods
means improve their lot by hastening the deliveries of of 60 arschin each (about 50 yards) in excess of last
yarn to the weavers two to three months ahead of the year.
contract delivery. In ordinary times the complaints
The application of electricity to our printing presses
about late deliveries are the standing rule, as a suit for seems to be chiefly responsible for the increase in the
Buch a breach of contract time is hardly ever, or can production of calicoes, as one of our mills now proever be, brought into court here in Russia.
duces in 15 working hours (!) on a one-cylinder press*
The high price of American cotton and its compara driven by an electric motor, easily 1,000 pieces (of 60
tive scarcity in our markets has again compelled the arachin each) on the average, while formerly, with a

:

:

THE CHRONICLE.

10

steam-driven press, only about 550 pieces could be ob

fVOL. LXXI1I

in Alabama, as in other States,
purchased
largely of securities which are now in detained.
fault —the oflicials claiming their inability to pay their
The welfare of our laboring classes has thus been debts on account of the tax limit. Take, for instance, the
assured during the past season; they have even reason case of Colbert County, having an indebtedness of $200,000,
to be gratified over this result, as in Lodz great which is less than 6 per cent of the county's valuation. This
masses of operatives were without occupation during county is in default in the payment of its interest to a very
the winter, which here in Russia is by no means a large sum. Its offioialfl claim that notwithstanding the conservative amount of indebtedness, they cannot make promild one.
vision for the payment of the interest 1>
they need
vsalan
practically all of the result of their tax levi
court expensi s, etc. There are many other municipalities in
the State having practically the same record.
Notwithstanding this experience, the Democratic deleConstitutional Convention is in session at Montgates to the convention in Montgomery are pledged not to
gomery for the purpose of revising the Constitution change this taxing limit, and it would seem that the
The deliberations of this mnnicipalities in the
of the State of Alabama.
of Alabama, unless some steps

of municipal obligation!
•

ALABAMA CONSTITUTIONAL CONVENTION
AND MUNICIPAL DEBT
A

body are attracting a great deal of attention, and efforts are being made to induce the members to insert
provisions in the new instrument which shall furnish
safeguards now lacking in the issue of municipal obligations, with the view at once of improving the
credit of the municipalities, thereby enabling them to
borrow at more advantageous terms, and of affording

a better basis of security to holders and investors in
such obligations. Under the existing Constitution

Alabama does not limit the debt rate but does limit
the tax rate, and the result has been disastrous in

many ways.
The main

obstacle in the

way

of the incorporation

the needful provisions in the Constitution now
being framed appears to be the fact that the members

of

State
are taken to prevent, will continue to issue bonds which
they may be unable to pay, which bonds will doubtless find
their way into the hands of innocent investors unacquainted

with the existing conditions, and who will have no relief
through the courts when seeking to secure the return of the
money loaned in good faith and for legitimate municipal
purposes, such as water-works construction and other
necessary and customary improvements.
It will be well for investors to go slow in buying Alabama
bonds under present circumstances. Some of the betterposted financiers in Alabama are urging upon the convention a change in the Constitution, by which municipalities
will be limited in the amount of indebtedness they may
incur, and provision made for the payment of such indebtedness, but so far it is understood that any such change is not
contemplated.

We may

add that Mr. R. B. Sperry,

of

the well-

were apparently pledged not to change the existing known house of Sperry, Jones & Co., of Baltimore,
tax rate. But public sentiment through the State is recently made a forcible argument before the conevidently growing strongly in favor of having the vention in relation to the matter. He urged a limited
weak point referred to properly fortified, and the debt rate as well as a limited tax rate. He would
Editorial Association of the State, representing the

provide for proper restrictions in the creation of debt,
Alabama,
newspapers
in
recently
took
action
principal
and proper provisions for the payment of the same.
we are informed, urging the members of the Conven- He referred in words of commendation to the action
tion to disregard pledges and bend their efforts to- of the City of Birmingham, which got authority
wards securing the best Constitution possible. Among through a Constitutional amendment to levy an addidealers in Alabama municipal obligations deep con- tional tax in order to be able to meet the interest on
cern is being felt with reference to the matter and we its debt, and then clinched his argument by saying
have received a number of communications on the "But why deny to Mobile, Montgomery and other
subject.
We make room below for one of these
places the privilege you have extended to Birmingham.
To the Editor
Are you going to have the people vote upon a ConstituThe attention of the investing public is being called, par- tional amendment at the request of any sub-division
ticularly at this time, to the provisions of the Alabama Conof the State which asks it, as you did in the Birming:

on account of the convention now being held at
Montgomery, Alabama, to draft a new Constitution for that
stitution,

ham

Would

not be more simple to engraft
clause covering all the subState. Investors are particularly interested in the Alabama into your Constitution a
Constitution on account of its provisions limiting the divisions of the State alike? None of these subamount of tax which may be levied for any and all pur- divisions need exercise this right unless they must in
poses, resulting in heavy losses to investors who have relied justice to their creditors; and if they must they ought
on the "faith and credit" of Alabama municipalities. The
This kind of
to do it and be compelled to do it."
rate of tax which under the Constitution may be levied is
is unanswerable, and the members of the
very small, and as it is a Constitutional limit, municipalities reasoning
Constitutional Convention will do well to pay heed to
must not exceed it.
In the Constitution of almost every other State in the
is made that the indebtedness of the municipalities therein shall not exceed a certain rate per centum
of the valuation of the taxable property, and that a tax shall
be levied to pay the indebtedness created within this limit.
Unlike these provisions, the Alabama Constitution contains
no limit to the amount of indebtedness which may be created, but provides, as above stated, a limit to the taxes
which may be levied for all purposes, including not only the
interest on the indebtedness of a municipality but also all
of the operating expenses.
It is stated that the Supreme Court of Alabama has decided in effect that the municipalities of that State may
use the entire proceeds of their total tax-levying power for
operating expenses, even should such municipality have an
interest charge which would thereupon become delinquent.
In the past investors have not realized nor had their attenion called to these provisions, and believing in the integrity

Union provision

case.

it

Mr. Sperry suggests the adoption of the regulations and restrictions of the Georgia law, which he
considers the best of any Southern State. The address is in good style and temper, and as it has been
reprinted in pamphlet form, we presume copies of it
can be obtained by any one wishing to go deeper into

it.

the subject.

THE NEW YORK STOCK
EXCHANGE DURING HE HALF-YEAR.

LISTINGS ON

'l

The securities added, to the regular list of the New
York Stock Exchange during the first six months of
the current calendar year reflect well in variety and
volume the leading characteristics of the remarkable
period through which we are passing. The features in-

July

G,

THE CHRONICLE.

1901.]

elude: (1) The largest aggregate listings for a half-year
in the history of the Exchange ; (2) the listing of the
shares of a company which is at the same time the
greatest industrial consolidation and the chief in point
of capitalization in the annals of the country ; (:!) the

issuance and admission to the

ing

capital outlay to an

new

list

of

bonds represent-

extraordinary total

11
Amount.

Ooin/Mim/ and title of loan—
Gen. l'ao. lstief. guar, gold 4s

J'urjjoee of ittue.

$2,941,ouo..lmpro
352,'".
(1 "
ao
., . .
d°
ed for ,,1,1
old ),,,,„,
bund..
do 31*8...
do
15,50
do
Cbes.Ji (>. -Ur'ub'r Ry.lst gn.f,4*. 8*000,000.. Construction of ro
9\7.o<"
Uio.& East III. gen, oou. anil 1st J
84,000 .Bettremi ntol
gold 5s
I
N. W. gen. 84s
8,150,000.. Exoh. for old bonis.
138,000.. Exoh. for Uderl'g bdsOta. St. J'. Minn. .V Om. consol. 6s.
ilpiu't,
185,000. .1
Ublo. Term. Trans. 50-yr. gold 4s..
82-.O0O .Iiupro.
1. ,v l'ltts. gun. ku. g. 3*48, Her. D.
43\000.. Pa>'i car tr.,1mpta.6t0
Col. Mid. 50 yr. 1st gold 4s
550,000. .Iinpro.
etc,
Oolo. 4 Southern 1st gold 4s
4,923,000.. Ex.for seo. of oons't cos.
Denv. & South w. gen. uoh\ 5s
548,000.. Improvemi
Erie RR. 1st consol. gold 4s
.

.

.

I

;

(4)

;

<

the fairly free listing of railroad shares sold at or
above par (5) the very small amount of securities
arising from reorganization, but the unparalleled
;

bonds issued to take up stocks acquired for
purposes of control and of shares created to replace
those of other concerns merged by amalgamation or

amount

of

iin'n of
Val.

Hooking

otherwise.

The

Val. 1st con. gold 4*48...

,

do
ao

d0

iviiirisular

A Kins

1,000,000.. Imp'ts and equlpm

.

Sunday

oooJPay'ioartru-iH,
luAuuuf
Creek Coal stock,
,,.0

•"

.uc.

our ten-year record. It 1
00
T a8
0n
Dfv lst gofd ^T.^
t 1.105,000.. Pure, of dlv. aft. foreel
stocks
and
the
aggregate
volume
bonds
shows that in
1,200,000 Extensions and imi>'ts.
i„„,
r j tii
i. t
Iowa.1.*,.
1st g. 4s of mufti
Ind. 111. &
1950} a^o^OO.. Retirement old 6s.
listed were more than double those in any previous
Leh. Val. uiort. & ool tr. gold 5s.. 3,000,000.. Improvements, etc.
Deducting the shares of the great Steel Corpor- Lou. &NaBh. 50-yr. unlf. gold 4s. 9,200,000. .Impts.retlr't.of bds.,eto
year.
1 ,000,000.. Imp'ts & add. br. lines.
ation (more than 1,000 millions, the bonds not having Mex. Cent, consol. gold 4s
3, 439,000.. Payment floating debt.
1st consol. gold lno
do
been listed) even then the present year's listings are M.K.&T.-M.K.&T.of T.lstg.g.58. 600,000.. Extensions.
ahead of all previous records, a fact especially striking
170,000.. Acot.pur. Mles.Mld.Ry.
1st ext. 50-yr. gold 5s..
do
.Improvemeuts, etc
ool. gold 5s of '20...
2,636,000.
1st
Mo.
Pao.
when it is remembered that the securities of reorganNash. Chat. & 8t.L.lst oon. g. 5s.. 1,134,000.. Retire old bonds.
ized companies, which figured on an enormous scale
25. 000.. Construction of road.
do
..
do
do
, m nnn J Exohaneed for Mlchlduring the five preceding years, are almost wholly N.Y. Cent. & Hudson River RR.— >
lul,wuu
iirst

table following

The summary

wanting in 1901.

SIX MONTHS' LISTINGS

Bonds.
(6 months.)

1901
1900
1899
1898
1897
1896
1895
1894
1893
1892

New

is

issues.

Tw

follows

:

Replacing

Old issues
listed,

Total.

old securities

$7,534,100 $226,978,400 $396,191,000
2,387.000 225,527,000 293.745,000
18,108.000 182,485,500 267,504,740
16,571,000 342,477,500 387,705,500
11,116,500 186,111,500 217,935,500
7,389.000 227,723,500 360,355,500
14,529,000
50,849,900 199,157,900
713,000
64,092,500 170,280,502
42,178,000
29 522,500 156,406,000
8,956,000
40,041,900 162,894,000

$161,678,500
65.831,000
66,911,240
28,657.000
20,707,502
125.243,000
133,779,000
105,475,000
84,705.500
113,896,100

Stocks.
$296,830,050
206,609,000
152,790,300
8,943,305
28,168,500
10,522,997
56,176,900
7.150,000
56.566,100
25,460,100

$16,800,000 $959,957,525 $1273587575
118,710.150 325,320,150
252,449,530 405,239,230
$16,000,000 228,785,200 253,728,505
8,072,800 349,560,500 385,801,800
281,930,388 292,453,385
35,135,200
98,092,970
6,780,870
56,336,040
63,486,040
48,874,000
130,299.900
24,859,800
25.12^,250
58.470,055 109.055,405

Note. —Applications for the listing of Trust Company receipts and of
securities
securities

marked "assented" (if preparatory to reorganization), or of
stamped "assumed" or "assessment paid"— the securities

themselves having pre vio usly been listed—are not inoluded in this table.

With

4pc

.

(6 months.)

1901
1900
1899
1898
1897
1896
1895
1894
J893
1892

gan Central stock.
Miohigan Cent. ooll. 8»«8
5
«
N. Y. & Long Br. gen. 50-yr. g. 4s.. 1,500,000.. Retire old 5s.
1,500,000.. Improvements.
W. ref. gold 4s
N. Y. Ont.
Nor. & West. 1st consol. gold 4s... 2, 000,000.. Extensions and impts.
North Pao. prior lien & 1. gr. 4s.. 3,000,000.. Constr'n, equip., etc.
do
do
..
do
1, 118,500.. Exoh'gedifor old bonds.
do
St. P.-Dul. Dlv. gold 4s.. 9,215,000.. Pur. St. P. & Dul. RR.
Og. & L Champ. 1st gu. gold 4s.. 3,700,000. .Pur.of road und. foreel.
do
do
..
700,000. New property.
do
375,000. .New road.
Ore. &Cal. let guar. g. 5s
Ore. Short Line 1st oonsol. g. 5s.. 1,991,000.. Equlpm't, imp'ts, etc
Penn. Co. guar. tr. certs., Ser. B.. 10,000,000.. Imp'ts to oontrUl'd cos.
- nn 5 Old bonds extended at
Peo. & East.— Ind. Bloom. & W. >
QQ1
wai.ouuj
1st pref. 7s (ext.)
\
RioG. West. 1st con. 50-yr. g. 4s. 4,000,000.. Extensions, equip.,etc
do
do
do
6,000,000.. Pur. of Utah Fuel stk.
Rutland RR. 1st consol. g. 4%s... 1,999,1 00.. Old bonds just listed.
380,900.. Exch. for old bonds.
do
do
do
...
Rutland-Can. 1st guar. 50-yr. g. 4s. 1,350,000.. Construction of roads.
Sag. Tuso. & Hur. 1st gu. gold 4s.. 1,000,000.. Exoh. for old bonds.
St. Law. & Adlr. 1st gold 5s
800,000 ) old h
d justt listed.
„ t d
Donas
do
do
2d gold 5s
400000 ^uid
St. Louis Southw. 2d gold inc. 4s.. 1,000,000.. Extensions and imp'ts.
So. Pao. Co. 2-5- yr. ooll. gold 4 ^8.15,000,000.. Pur. Pao.Mail stk., etc
8.Pao.of Cal.lstoon.gu.g.5s,un8td.
233,000 ) construction or
of road.
road

&

ON NEW YORK STOCK EXCHANGE.

newly

respect to the foregoing,

it

should be said that

the entire 100 millions of the Union Pacific convertible
bonds are here classed as having been issued to replace
existing securities,

it being generally believed, though
without direct confirmation, that the 60 millions
thereof not used to finance the purchase of Southern
Pacific stock were employed in connection with the

acquisition of a large interest in the Northern Pacific.

Improvements and new railroad construction by or in
the interest of old established companies have been a
feature of railroad management of recent months, and
"
it is therefore not surprising that the " new issues
of bonds in the foregoing table are about two and a
half times the amount for the same period of 1900
and in excess also of the total for each of the earlier

.

do

half-years.

table embraces the separate

additions of

and street railway bond8 to the securities
traded in on the Exchange. The large proportion of
such bonds representing improvements and extensions
railroad

is

noticeable at a glance:
LISTINGS OP RAILROAD BONDS.

Company and title of loan—
Amount.
Purpose of issue.
Atch. Top. & 8. Fe gen. gold 4s.... $5,000,000.. Extensions, impta.,ete.
Can. Southern 1st gold 5s
do
2d
do
Central Branch Ry. 1st guar.

80,000 Seoond track, etc.
900,000.. Improvements.
4s 3,459,000.. Ex.for seo'sof old
. .

g.

oo's.

do

do

stmpd. 1,252,000

$

pttl

Parch. °* Lou. Evans.
& St. L. Cons. RR.
750,000. Imp'ts on division.
Tex.& Pac. Louisiana Div.Br.L. 5s. 2,112,000.. Construction of road.
do
do
77,000.. Retire East. Div. 6s.
1st gold 5s.
Tol. St. L. & West. pr. lien g. 3^8.. 9,000,000 ) Exchanged for old sedo
do
1st gold 4s
5,625,000 5 ourities under plan.
do
do
pr. Hen g. 3iflS.. 1,000,000 J Cash requirements of
do
do
1st gold 4s
875,000 ( plan.
( 3,000,000.. Gen. oorpor'e purposes.
Union Pacific RR. & 1. grant 4s. 1
., nnn \ Exoh. for <.Or. 8h. Llue
4<f,ooo
(
lDCome A » bonds.
^
do
1st Hen oon. gold 4s.. 40,000,000.. Puroh. So. Pao. stock.
do
do
do
.. 60,000,000.. "Pres. <fe future purp."
861,000.. Exoh. fer old bonds.
<?ion
$
Warren
RR lut
ref *olrt s^s....
warrenKK.
1st rer.goid
44,000..Kep'tadv'sto D.L.& W.
^
286,000.. Acot.pur. Coshoc & So.
(
Wheel. & L. E. 1st. oon. g. 4s....< 1,043,000.. Imp'ts, extensious.eto.
200,000 .. Exoh. for old bouds.
Wisconsin Cen. 1st gen. gold 4s
908,000.. Extensions, lmpt's.etc

Ry.-St. L. Div. 1st gold

So.

(

4s.. ]
(

o OU0
nnrt ouo
ann
lo

l

$

>

'

\

(.

Total

Company

-

The next

\

.

$290,875,000
LISTINGS .OF STREET RAILWAY BONDS.
Purpose of issue.
Amount.
and title oj loan

—

Det. Uni'd Ry.-Det. Citizens' 5s.

Grand Rapids Ry.

1st gold 5s

{

*{
;

8S;gg:

8.500,000

;

^ffi'Ss.

^S^Saj^'

MU.Eleo.Ry.ifc Lt. 30-yr.g. con. 5s.
397,000.. Imp'ts, extensions, etc
Nassau Eleo. RR. gu. con. gold 4s. 4,000,000.. Acq.of props.lmpts.etc
do
do
do
do
.
6,474,000. .Retlrem't of old bonds.

Third Ave. RR. 1st con. gu.
Total

g. 4s.. 35.000,000

{

^^tW£w?"

$53,856,000

Among the most

noteworthy of the issues here shown
are those created by the Erie, the Southern Pacific
and the Union Pacific on account of the purchase respectively of stock in (1) the Pennsylvania Coal Company and allied properties, (2) the Pacific Mail and
(3)

the Southern Pacific and Northern Pacific.

The

—
THE CHRONICLE.

12

purchase of St. Paul ft Duluth by the Northern Pacific
has also been the occasion for the listing of an issue
of bonds of considerable size, while the one reorganization of the year, that of the old Toledo St. Louis &
Kansas City as the Toledo St. Lauis & Western, has

|

Vol. LXXIM.

graph Company, but not availed of before the close
of the half year.

The
as

and miscellaneous companies, both
regards their stocks and their bonds, are embraced
industrial

in the following:

LIBTINOS OF MISCELLANEOUS STOCKS.
been accompanied by the appearance on the list of
Company and class of slock—
Pur/iose of issue.
Amount.
two new loans as well as of nearly iO millions of stock. Amor. Agrloult. Chemical, com.. $16,533,000 rurcnaseor properties.
do
do
pref.... 17,014,900
Other notable items are: Kio Grande Western, 10 American Bioyole, com
17,701,500 Acquisition of properdo
9,294, 'WO
ties.
do
pref
millions of first consolidated (and collateral) 4s; PennCentral Coal A Coke, com
875,000 wew
„-„„.-,.
N
properly
Company, 10 millions of '5^8. Southern
sylvania
do
do
pref
375,000 5
Colorado Fuel & Iron
6,000,000.. Acqul'ns, Imp'ts, etc.
Eailway, 10 millions new St. Louis division 4a; two
Colum. & Hook. Coal & Iron, com.
300,000 .Improvements.
Eutland PR loans; and about 9 millions of Louisville
do
do
I,fe81. 200.. Exch. for pref. stock.
do
& Nashville Unified 4s, the last-named issued largely Consolidated Gas Co. of N.Y. stock. 900,000.. New prop., lmpts., etc.

phfti

>
5

.

>

5

/

-

.

to retire 7 per cent bonds due July

first.

The

street

railway issues embrace three of importance, namely,
the Third Avenue road's :55 millions of 4 per cents,

the Nassau Electric 10 millions of consols, both being
guaranteed loans, and the Detroit Company's 5£
following tabulation exhibits the listing of

road and street railway shares
Company and class of stock—

&

Quinoy, stock
do
do
do
Chic. & Eastern 111., com
pref
do
do

1.900,000

do

do

Construction of about
400 miles of road.etc.
3, 658,500. .Exchange for bonds.
3,COO,0005 Exchange for secur's
2,000,000 ( of constituent co's.
5,000,000. .Acct.pur.Penn.CoalCo.
14, 375. .Ex. for St.P.M.&M.stk
719,000.. Ad's to Tol.&O.Cen.Ry
11,300. .Ex.forTol.&O.Cen stk;

pref

pref
do
do
ErieKR., 1st pref
Great Northern, pref
Hooking Valley, pref
do
com
Illinois Central, stock

&

6,000,000.. Equip't, imp'ts, etc.
2,200,000.. Improvements, etc.
99,300. .Acot.pur.Miss. Mid. Ry.
3,000,000 < Acquisition of stock of
1,000,000} New Mex. Fuel Co.
12, 500.. Floating debt, etc.
1,300,000. Old stook just listed.

Nashville, stock

Mo. Kansas & Texas, com
New Mex. Ry. & Coal, com
do
do
pref
N. Y. N. H.
St.

Law.

&

Hart. RR. stock

& Adirondack,

com

"^{^^^Tt^e
.

& Pacifio stock
Toledo St. L. & West., com

Texas

do
do
do

Union

Paoific,

do

do
do
do

^Z^noteX".

4 275 400 i
*,t/D,<kvu^

Denver & Southw., oom

Louis.

provements.

Fo
{

9,598,500
9,866,250

pref

?

com...
pref

com
pref.

for old se-

cnrities

Wheeling & Lake Erie, com
do
do
2d pref
do
do
do
do
do
do
do
do
1st pref....
Wisconsin Central, com
do
do
pref...
do
do
com
do
do
pref

1

"B" bonds.

'6001000 }
400JOOO..Acct. pur. Cosh.

&

pref

S

1

^l^^J^g
~ "lS oapU^e"!
n

r

Acquisition of properties.

$1,179,740,400

LISTING8 OF MISCELLANEOUS BONDS.
Company and title of loan—
Amount.
Purpose of issue.
Amer. Bicycle, gold deb. 5s
$3.243,000.. Acquls'n of properties.
Am. Hide & Leath., 1st s.f. gold 6s 8,375,000.. Acquis'n of properties,
Amer. Telep. & Teleg., ool.tr. g. 4s.l5,000,OCO..Extens., imp'ts, etc.
Colo. Fuel & Iron, gen. s. f. g, 5s..
37l,0C0..Exch. fcr prior bonds.
Commercial Cable, 1st gold 4s
2,000,000. .Extens'n of land lines.
Detroit City Gas, 25 yr. gold 5s..
5,000. .Exch. for old bonds.
Distill. Co. of Am., coll. tr. g. 5s... 4,080,000.. Working capital, etc.
Gramercy Sugar, 1st gold 6s
300,000.. Improvements.
National Starch, gold deb. 5s
3,724,000.. Acquis'n of properties.
Newark Consol. Gas, con. gold 5s. 5,274,000. .Acquis'n of properties.
N.Y. &Q. Elec. L.&P.lstoon.g. 5s. 1,930,000.. Acquis'n of properties.
Pleasant Valley, 1st 30-yr.gold 5s.
158,000. Additions.
Total

The
all else

$50,460,000

shares of the

Steel

consolidation overshadow

in this table, but the admissions to the quota-

tion sheet of the

Exchange

millions each in shares of

of

from 10 millions to 50

the following corporations

more than slight consequence, viz.:
American Agricultural Chemical Company (the fertiizer consolidation), the American Bicycle Company
(and its bonds also), the Diamond Match Company
are occurrences of

Chicago specialty), the Crucible Steel
Co. of America and the Virginia- Carolina Chemical

(heretofore a

and sulphuric acid company

growth of recent years, with headEichmond, Va. The bonds of the American (Bell) Telephone & Telegraph Co., an enterprise
until recently looked upon as distinctively Boston in
its habitat, have been placed on the local list, but the
listing of the shares was made conditional upon the
consolidation, a

So.

20,000) Exchange for old se40,000 5 curities.
192,500
43,000 Improvements.
337,500 Account purchase of
112,500
Marshf. & S. E. Ry.

$76,847,175

$17,000,000

The Chicago Burlington & Quincy, St. Paul, Illinois
Central and Pennsylvania are among the companies
that have lately accorded their shareholders the privileges of subscribing to new stock.
The new issues of

the

12,000,000
12,000,000

Co., the latter a fertilizer

Extension of road.

LISTINGS OF STREET RAILWAY STOCKS.
Company and class of stock—
Amount.
Purpose of Issue.
Detroit United Ry.,com
$12,500,000.. A cquis'n of properties.
Mil. Elect. Ry. & Light, pref
4,500,000. .Old stook just listed.

Total

506.473.400 S
508,486.300 >

;

(

Total

Exchanged

under plan.
396,f>00> Cash requirements of
133,750 5 plan.
36,700.. Ex. for Or.Sh.Line stk.
( Ex. for Or. RR. & Nav.
pf. and Or. Sh. Line
85,500
5

do

Total

5,200.. Exchange.

Ohio ivmw.
Milw &8t
ccm
raui, ocm
cmc.
<s an. Paul

com
Vnt
Chem., com

do

:

1,000,010<

Gt Western, deb. stock
common
do
do

.

Virginia- Carolina

Purpose of Issue.
Amotint.
$9,922,700.. New road, equip't, etc.
1,773,900.. Ex. for convert, bonds.
l,COO,00O5 Equipment
and inv

Chic.

-

rail-

LISTINGS OF RAILROAD 8TOCKS.
Chio. Burl.

.

U. S. Steel Corporation,
d°
d°

millions of 5s.

The

Crucible Steel Co. of Amer., com.. 25,000,000 ?
Par( hftsft of nronertifts
do
pref..J5,O0O,000 5^ arcna8eorproi)erue8
do
do
Detroit City Gas, stock
325,500. .Exten's, imp'ts, etc.
Old stook just listed,
5 11,000,000
Diamond
uiamonci Maton,
Matoh Htnnk
stock
3,750,000. .Imp'ts and extensions.
J
General Eleotrio, com
2,8 14, 100. Ex. for pref .stk. & debs.
Hanover Nat. Bank, stock
2,000,0 jO.. Merger Cont. Bk., etc.
Laolede Gas Light, com
485, 600.. Extensions and Imp'ts.

three are noticeable in the foregoing list; the
Pennsylvania's 50£ millions new stock was authorized
first

to be listed as issued, beginning July 1, and is consequently omitted in this semi-annual compilation.
Reminders of the manner in which the local securities

of other markets are gravitating toward this centre are
observed in the listing of shares by the Detroit United

quarters at

establishment of a transfer office in this city, a con-

which could not be complied with before the
end of the period under review.
The " unlisted" list has received three entirely new
dition

accessions of stock
tilling shares,

— the Snuff, Eubber Goods and Dis-

aggregating more than 121 millions

to an issue (Amalgamated
and
Copper Co. ) already quoted. Temporarily, also, the con vertible bonds of the B. & 0. and about 215 millions of
Great Northern- Northern Pacific 4s secured
by
the
C. B. & Q. have found lodgpledge of stock of
ment here, as the engraved -bonds are not yet ready

one large addition

The items in detail follow:
for distribution.
STOCKS PLACED ON "UNLISTED" DEPARTMENT.
Common.
Amalgamated Copper
American Snuff

Eailway and the Milwaukee Electric Eailway &
Light companies, also by the Diamond Match Com- Distilling Co. of America.
International SUver
pany mentioned below, and the permission to list Rubber Goods Mfg
granted to the American (Bell) Telephone & TeleTotal

. .

Preferred.

$73,540,200
11,001,700 $12,000,000
44,459,282
29,418,818
5,107,500
16,941,700
8,051,400
$145,942,882

$54,577,718

Total.

$73,540,200
23,001,700
73,878,100
5,107,500
24,993,100

$200,520,600

Jolt

8,

THE GHKON1CLK.

l'.'Ol.l

BONOS I'LACKD ON UNLISTED.
Baltlaore & Ohio subscription oertn. for oonv. 4a
Great North. -North. Pao. collateral trust gold 4s

The

listings of the

$10,Ooo,uoo
815,000,000

remainder of the calendar year

cannot be expected in gross totals to approach at all
closely those here shown for the period under review,
but they aro certain to include various important
issues and not an inconsiderable amount of securities
representing

new

outlay and

capital

new

consolida-

i:;

dent on the death of Hon. John Jay Knox In
Elesofations in recognition of his services to the bank and of the
esteem in which he was held were adopted by the dirt-tors
on Monday. Charhs H. Stout, the Cashier of the National
Hank of the Republic, wai on Tuesday elect
dent and director of the institution, and for the present at
\V. B. T.
least he will be the executive head of the bank.
Keyser, formerly Assistant Cashier, has been appointed
Cashier, and Orlando H. Ilarriwan, who wbb Second Assistant Cashier, has been promoted to be Assistant Cash)

— Cn Saturday last the Comptroller of the Currency placed

tions.

ITEMS ABOUT BANKS. BANKER8 AND TRU8T CO'S

—The

auction sales of bank stocks this week aggregate 110
No sales were made at the Stock Exchange. Transactions in trust company stocks were limited to the sale at
auction of one lot f twenty-five shares. In the "curb" market 115 shares of National Bank of Commerc9 were sold at

shares.

<

400 405.

Banks— New fork.
Price.
406
15 Commeroe, Nat'l Bank of
9 Market & Fulton Nat. Bank.... 264
16 Merchants* Exoh. Nat. Bank... 140 1*
91
CO Ninth National Bank

Shart*.

Thdst Companies—If.

BcUt.

146

434

Apt.

20 Twenty-Third Ward Bank
25 Manhattan Trust Co

Last Previoui

June 1901— 410
May 1901— 260
June 1901— 145
June 1901— 108
June 1901— 140

T.

1901— 505

—The Governors of the New York Stock Exchange on
Wednesday re-considered their action taken last week regarding the closing of the Exchange on July 5 and 6, and in response to a unanimous vote of the members the Board was
closed on those days. The Produce Exchange was closed on
Friday. On Saturday, while the Exchange will be open,
only necessary business will be transacted. The Cotton Ex
change was open on Friday, but it will be closed on
Saturday.
The Boston, Philadelphia and Baltimore
Exchanges were closed on July 4, 5 and 6. The officers of
the down-town banks who were consulted by the Stock Ex-

Bank of Buffalo, N. V., in the hands
Comptroller
assigned as a reason for his action
The
receiver.
that the condition of the bank, as disclosed by a special examination, was so perious that he could not consent to the
hank's continuing business. The President of the bank, W.
C. Cornwell, is very popular among bank officials of the State
through his activity in the State Bankers' Association for a
number of years, and he is well known throughout the
country because of his prominence in the American Bankers'
Association, and also because of his successful efforts to orthe City National

ganize the American Institute of Bank Clerks, which was
promoted by that association for the benefit of bank employes. The capital of the bank is §300,000 and the surplus
and undivided profits April 24 were $220,201. The bank is
known to have had large balances with several of its New

York correspondents.
On Wednesday the directors of the City National Bank of
Buffalo held a meeting and considered a plan for the payment of depositors and the speedy resumption of business of
It is regarded as probable that the plan, when
submitted to the Comptroller of the Currency, will be accepted by him. Until the scheme is so submitted it will not
be made public.

the bank.

—The Niagara Bank of Buffalo, a State institution
and undivided

with a

was

closed
change Governors preparatory to the above-noted action,
Tuesday
by
order
of
the
Superintendent
of
Banks.
It
on
State
made no objection to the closing of the Exchange; on the
taken
because
the
Superinis
reported
that
this
action
was
contrary they were glad of the opportunity to give their
clerical force, which has, with others, suffered from the ex- tendent discovered that stock of the City National Bank of
cessive heat, some relief. Accordingly the force of clerks in Buffalo was held as collateral for loans. The Cnairman of
these banks was reduced on Friday and Saturday to num- the Buffalo Clearing House stated that the closing of the
bers sufficient to transact only the actually necessary work Niagara Bank was brought about solely by reason of its close
connection with the City National, its President having been
of the banks.
capital of $100,000

—There was a conference of some

Vice-President of the City National. The Chairman further
stated that no other bank in Buffalo is in any way affected.
The Niagara was organized in 1891 with a capital of $100,000.
Its loans are $752,000 and its deposits amount to $679,000.
The President, P. H. Griffin, is President of the New

of the directors of the

Seventh National Bank on Wednesday, after which the statement was made that the bank will soon resume. It was
reported that money had been subscribed in amounts suffic
ient to settle all just claims of creditors at par.

ander MacDonald

is

said to be behind the

reorganization of the bank.

He

Standard Oil Company and one
Seventh National.

Mr. Alex-

movement

profits §35,033,

York Car Wheel Works, the

for the

P.

H. Griffin Machine Co. and

He owns 474 of the 1,000
Bank and he was a heavy stockholder

other manufacturing concerns.

Vice-President of the
of the directors of the
is

shares of the Niagara
in the City National.

After the closing of the Niagara Bank by the State SuperTrust Co. has transferred the busi- intendent,
there was a run upon the Union and MetropDlitan
ness of its branches in Cuba to the National Bank of Cuba,
banks, but through the action of the Buffalo Clearing House
an organization which was formed under the old Spanish
On Tuesday
financial support was given these institutions.
regime. The bank has become the official depository of
evening the Clearing House held a meeting at which the
the insular funds in Cuba, and it will have its main office in
unanimous opinion was expressed that there was no valid
Havana and branches at Santiago, Cienfuegos and Matanzas. reason for further anxiety, and that the failure of the City
The Domestic Exchange Bank which, as was recently and Niagara banks in no way involved any of the other banks.
announced in this department, had, after the purchase by The Clearing house also unanimously agreed to render whatCharles W. Morse of a controlling interest, abandoned the ever assistance was found to be necessary.
business of independent check collections for which it was
It is announced that in consequence of ill health Fredorganized, began on Monday to make regular reports to the
erick K. Trowbridge has retired from the banking firm of
Clearing House as a non- member bank.
Vermilye & Co.
—Oliver S. Carter, President of the National Bank of the
—The Western National Bank has been designated by the
Republic, died suddenly of heart disease at Saratoga on
Postmaster General as the depository of postal moneys in
Friday of last week. Mr. Carter was born in New Hartford,
New York in place of the Seventh National.
Conn., in 1825, and at an early age became a clerk in a wholecharter has been granted to a new banking institution
sale grocery house in Hartford, subsequently coming to this
in this city to be known as the United National Bank, with a
city, where he entered the employ of Civill & Whitlock,
capital of $1,000,000.
It will probably begin business in
grocers. In this house he was advanced from time to time,
October near the corner of Broadway and Forty-second
finally becoming partner and head of the firm, which was
Street.
The projectors of this institution at first selected
then styled Carter, Hawley & Co. In 1884 Mr. Carter retired
the name of the Consumers' Bank, but the name was subsefrom the house but subsequently with a former partner orquently changed.
ganized the firm of Carter, Macy & Co., which became one of
the largest of the tea importing and distributing concerns in
—The New Amsterdam National Bank paid on July 1 a
the country. In 1876 Mr. Carter was elected a director of the quarterly dividend of 5 per cent and an additional dividend
National Bank of the Republic, and in 1889 succeeded Hon. of 20 per cent. In April 1901 the bank was changed from a
Henry W. Cannon as Vice-President. He was made Presi- State to a national institution, it;having been previously the

—The North American

—

—

—A

'

THE CHRONICLE.

14

fVoL.

LXXUI.

Amsterdam, which had paid three dividends of of the new stock, the capital will be raised from the authorized amount of $1,200,000 to $2,000,000 and a surplus of $3,5 per cent each in January and Jnly 1900 and January 1901.
000,000 will be realized including the present surplus. In
expanMention has several times been made by us of the
order to provide for the expanding business of the instituof
sion and prosperity of The Trust Company of America
tion, extensive alterations are to be made in the offices of
this city. Still further growth is displayed in its statement
the
company.
The deposits, which but one year ago stood
to June 30 1901.
—The surplus of the Allegheny National Bank, of Pittsburg,
at $10,911,343, had on December 31 1900 reached the amount
Pa., has been increased to 5400,000 by the addition of §100,is
retime
$10,795,537
present
of $12,584,286, while at the
corded. Profits have also increased, the amount now, after 000. Mr. John Caldwell Jr. is President and Mr. W. Montgomery is Cashier.
the payment of three dividends (aggregating $262,500) being
Mr. Jacob S. Brooks was elected Assistant Cashier of the
$342,122. The company also has a surplus of $2,500,000 and
Marine
National Bank of Pittsburg last wtek. The bank has
$2,500,000 capital. Much of the success of this institution
a
capital
of $300,000, and its roster contains the names of
may be attributed to the efforts of its distinguished set of
William
O'Neil, President; George C. Burgwin, ViceW.
Fitch
as
Mr.
Ashbel
P.
headed
by
directors,
officers and
President,
W. E. von Bonnhorst, Cashier.
and
H.
and
Barbour
Wm.
President, and William H. Leupp,

Bank

of

New

—

—

S.

Manning

—The directors of

as Vice Presidents.

—We

June

15 to the fact that Mr.

referred in our issue of
Charles Altsohul, Manager of the London, Paris & American
Bank of San Francisco, who has always taken a most active
interest in the welfare of the California Bankers' Association, would enter the firm of Lazard Freres of this city on
July 1. We are now in receipt of resolutions adopted by the
Association expressing appreciation of his services and regret over his departure, and wishing him success and happi-

nese in his

new

field.

-Mr. G. W.

Galbreath, Cashier of the Third National
Bank of St. Louis, advises us that a capital of $2,000,000 and
surplus of $1,000,000 are now enjoyed by that institution,
The increase, which was voted by the stockholders on June 5,
means an addition of $1,000,000 to the former item and $650,000 to the latter. The new stock was sold at $170 per share.
The market price now is $228 per share.

—The City Savings Bank

of Pittsburg,

which has been

in

existence since 1876, with a capital of $100,000, has been succeeded by the City Trust Company. The new institution has
been organized with $500,000 capital and $750,000 surplus.

A

general trust company business will be engaged In. Interest at the rate of 2 per cent will be allowed on deposits subject to check, while on savings accounts 4 per cent will be
paid. The old officials will remain in charge of the new organization. These include President J. D. Callery, VicePresident John C. Reilly and Cashier J. W. Taylor.

—A successor to the late President of the Citizens' Bank of
Savannah, B. A. Denmark, was chosen by the election of Mr.

& Savings Bank
week to transfer $50,000 from undivided profits to surplus, making the latter $300,000. A semiannual dividend of 3 per cent was declared at the same time.
At the beginning of the year the Western State Bank of
Chicago was thoroughly reorganized and effected some valuable connections which have resulted in a largely increased
the American Trust

of Chicago voted last

—

business.

Its

deposits have nearly doubled in six months.

Recently a bond department has been added for dealing in
governments and high-grade municipal and
corporation
bonds. Mr. W. C. Cook, formerly Cashier of the Produce
Exchange Bank, of Chicago, is manager of this department.

Chicago Board of Trade firm of Chas. H. Canby &
1 opened a branch office at 216 La Salle
Street for the special accommodation of its customers who
deal in stocks and bonds. These are the offices formerly occupied by Knight,Donnelley & Co., who have removed to the
bank floor of the Rookery.

—The

Company on July

—

The proposed increase in the capital stock of the Second
National Bank of Pittsburg, which we noted would be decided upon at a special meeting of the stcckholders on the
27thult.,is to be made. The latter are allowed the privilege of subscribing for the new shares in proportion to their
present holdings until July 15. Through this addition the
capital will be raised

from $300,000 to

$600,000.

The new

stock will be sold at $700 per share, hence adding $1,800,000
to the surplus account; total of surplus and profits will then

stand at $3,000,000.

—

Notice has been issued by Receiver Thornton of the Le
Mars (Iowa) National Bank of an assessment of $100,000 on
tion has not yet been filled.
the stockholders, to be paid by July 18. This institution, as
—Mr. O. M. Bake was last week made Vice-President of stated at the time in the Chronicle, wa3 obliged to close
the Miami Valley National Bank of Hamilton, O., in place of two months ago, owing to the embezzlement of some of its
Fletcher S. Heath, the latter formerly Vice-President also of funds by one of the officials.
Mills B. Lane, the former Vice-President.

The

latter posi-

.

We

the embarrassed Seventh National of this city.
noted several weeks ago that Mr. Bake, who has up to the present time
been Cashier of the Miami Valley, had been chosen as VicePresident of the Equitable National of Cincinnati. It is understood that Mr. Heath's interest in the stock of the Miami
has been purchased by President E. W. Whitaker and his associates.

—Among the instances of

—The banking and bond firm
growth in the business

of trust

companies mention should be made of the Merchants' Trust
Co. of this city. That new institution has more than doubled
its deposits and resources since the statement of December
At that time deposits were $4,449,168 and surplus
31, 1900.
and profits, $1,072,455; deposits now (June 29 1901) are $10,540,774, an increase of $6,091,606, and surplus and profits are
$1,142,121.

The

officials consist

of

Edwin Langdon

(the

known

President of the Central National Bank of this
city), President; James E. Reynolds, Vice-President, and
John B. Grant, Secretary and Treasurer.
well

—

Mr. Charles M. Heald, President of the Pere Marquette
Railroad, has resigned as director of the Fourth National

Bank

of

—

The surplus account of the Third National Bank of
Pittsburg has been increased to $150,000 by the addition of
$50,000 taken from undivided profits. At the same time a
semi-annual dividend of 3 per cent was declared— the first
since January 1 1897. The President is Mr. Julius Bieler
and the Cashier Ogden Russell.

Grand Rapids.

—Former

Vice-President H. H. Larned, of the Lansing
Bank of Lansing, Mich., has been appointed
President of the institution.
The new Vice-President is
Frederick Thoman. This bank is capitalized at $150,000.

State Savings

—Mention was made in the Chronicle of May 18

of a pro-

posed meeting on June 27 of the stockholders of the Union
Trust Company of St. Louis, at which would be considered
the advisability of issuing additional stock at $300 per share.
The proposal was unanimously agreed to. By the issuance

of

Winne

& Winne of

Wich-

Kansas, have entered into a contract with the receiver of
the New England Loan & Trust Company, which suspended
several years ago, to cash some $400,000 of Oklahoma farm
mortgages. As the receiver was recently ordered by the
Court to sell all securities in his possession and wind up the
company's business, this large realization of aesets in cash
comes as a pleasant surprise to the long-suffering stockholders, and it further goes to show that Oklahoma mortgages
are held in high esteem.
ita,

—

The directorate of the National Bank of the Republic,
Chicago, voted at their last meeting to transfer $25,000 from
undivided profits to surplus account, making the bank's net
surplus now $175,000. W. T. Fenton, who has been both
Vice,-President and Cashier, will drop the duties of the latter
surrendering them to Mr. I. H. Cameron, who has
been promoted from the Assistant- Cashiership. R. M. McKinney was elected Assistant Cashier. The regular semioffice,

annual dividend of

—Mr. Arthur W.

per cent was declared.

Hollister has been admitted to partner-

John D. Everitt
Wall Street.

ship in the firm of
dealers at No. 6

2%

&

Co., investment

bond

—Mr. Charles W. Parson, formerly Cashier, was elected a
Vice-President of the Plaza Bank of this city at a directors'

JULY

THK CHKONLCLP.

1901.]

6,

meeting on Wednesday. Mr. E. M. Clarke was appointed to
the position vacated by Mr. Parson as Cashier, and M>
George B. Wheeler and E. H. Cook were made Assistant
Cashiers. The President of this bank is Mr. W. MoMa
Mills.

— F. G.

Logan, the prominent Chicago broker and Board
of Trade man, retired from active business July 1st ait it a
most successful career of 25 years in the commission field.
His firm has long enjoyed the reputation of being the largest
"private wire" house dealing in stocks, bonds and grain. Mr,
Logan has accumulated a handsome fortune, and is noted for
his philanthropy and as a 'generous patron of art. Theron
Logan, a brother, and BeDJamin B. Bryan, compose the new
firm as Logan & Bryan, with F. G. Logan as a special but

•

rrapb. 1
mce a month. The figures are r
It will beobserved that km compared v.
the leading cities.
the corresponding week of 1900 there is an inert
aggregate of 17*4 percent. So far as the individual cities are
ooncerned, New York exhibits a gain ol :i\
i»-r cent, Boston
10*7 per cent, Chicago 0'1 per cent, St. Lou
snt
and New Orleans 155 per cent. Philadelphia records a loss
of 18 3 per cent and Baltimore 10"5 per cent.

Ouarlnas— Returns bv Telegraph.
Week finding July 6.

New York

—The Girard Trust Company of Philadelphia

enjoying a

marvelous growth in its business. The statement just issued
for June 29 shows an increase in deposits of over six million
dollars during the last five weeks, the total of these deposits
now being reported as $34,107,519, against $18,012,048 on May
22 1901 and $14,969,716 on November 19 of last year. We
have prepared the following table to show the bank's growth
during the last two and a-half years
Gibabd Trust
Aggregate ^-Price.—-.
Surplus £
Gross
Company.
Capital.
Deposits.
Resources. Bid. Ask.
Pro/its.
:

Philadelphia.
$
$
$
June 29 1901.. 2,000,000 5,812,795 24,107,519 31,920,315 570 *575
May 22 1901.-2,000,000 5,686,738 18,012,048 25,698,787 550 *575
Nov. 19 1900.. 2,000,000
July 31 1900. .2,000.000
May 17 1900. 2,000,000
Nov. 29 1899.-1,000,000
June 30 1899.. 1,00(, 009
Nov. 3 1893.-1,000,000

5.702,423
5,467,123
5,670,862
2,869,902
2,695,417
2,645.220

14,969,716
15,213,503
15.882,414
15,315,608
17,695,984
11,586,457

*510

23,090,245 ....
23,041,964 .... 500
23,987,153 500 ....
21,770,487 .... *480
21,851,743 550 ....
15,726,608 465 ....

cities, 6 days
oltiei, 6 days

Total

-l'j-B

+6-1
+93-0

—

6 days

all oltlea,

day

all oltlea

for week.

+10-7
-lb-3

HI

88.011

6 063.066

+ 16-6
+8*1

220,097,818

$1,152 991.072
201,927.219

11,687.678.682
875.976.488

$1.857.b7i,86l
862,806,052

+ 198

tl.Wj:s,55»,'.»i'J

11.620.654.418

+ 17-1

»1.407.4v().iHH

Seven

ill oitlei. 1

8l.876.M6
183.470.818

86,863.113
7.000,000

Louis
lew Orleans

Total

19.680,406

U1.0V1.773

79.iI05.858

Baltimore

)th«r

+810

110.477.607

Si.

is

1781. >ta.yi8.578
96,883.085

$1.028.8*.),238

oston.
:*niladelphla
t

P. Cent

1900.

1901.

'hioago

inactive partner.

*

Clearings by Telegraph.— Salts or Stocks, Bonds, A:c.—
:.i w«k,
The subjoined table, covering clearings fo;
asually appears on tin- first pag* ol the CHB
on
out
Account of the length of the oiht-r tabl

+74
+6*0

Our usual monthly detailed statement of transactions on
New York Exchanges is appended. The results
for the six months of 1901 are given below and for purposes
the various

of comparison

the figures for the corresponding period of

1900 are also presented.

SU Months,

Six Months, 1901.
)$$eriptlon,

,tookj

^

v

IB. bonds.,
loy't bonds
jtate bonds

lank stocks

Sale price.

Par Value

Actual

or Quantity

Value.

Aver'gt Par Value
Price. or Quantity

176,065,716 13166152,281

117121883376

Total.... $17761920870 14011177.664
286.619,680
379,3.6,000
bush.

Actual

Aver'gt

Value.

Price.

"549694.2S5 7 V4
$231,870,400 $227,325,576 80"d
$5,889,421 1171
J5.028.510
$1,273,600
$975,215] 76"7
$70,750
$185,928 192-1

MOTiKS

78-6

1686,663,650 $54?,'2£4,«00 86*2
$1,319,174 113 8
tl.8a0.770
1695.949 83-1
C2.104.100
$118,475
1345,357 291-6

'Jraln,

I

1900.

789

$6662818472 $17b3'J20,404

76MC

479,880,180

353,800,160

71-8
73.>,c

from the foregoing that the surplus
114297727.884
$5137780,551
Total value.
bank now stand at $5,813,795, as against
volume
of transactions in share properties on the New
The
$2,645,220 on November 3 1898. This is a noteworthy adYork Stock Exchange each month since January 1 in 1901
dition, but the amount is to be further greatly increased withand 1900 is indicated in the following:
in a short time. It will be remembered that in our issue of
BALKS OF STOCKS AT NEW YORK STOCK EXCHANGE.
May 25 we noted that a meeting of the stockholders was to
be held on July 22 to enlarge the capital stock from 12,000,1901.
1900.
000 to $2,500,000, and that the additional stock of $500,000
Value*.
Values.
4onth. Number
Number
was to be sold at $550 per share of $100. The effect of the
of Shares.
of Shares.
Par.
Actual.
Par.
Actual.
sale at this price will be to add $2,250,000 to the surplus ac$
$
$
~T
count, in addition to the half million dollars to be added to Jan
80,285,055 2.911,531.850 2,081,745,275 9,843,716
946.581,487
687.243,018
the capital. By this augmentation the total of surplus and feb.. 21.902,822 2,125,937,460 1,578,947,69b L0, 195,392 976,723,683 718.677,567
It

and

will be noticed

profits of the

be raised to over eight million dollars, giving
with the $2,500,000 capital a total of capital, surplus and
profits in excess of 10}^ million dollars.
It may be added
that at the end of 1899 the capital was raised from $1,000,000
profits will

and that that $1,000,000 of new stock was sold
at $350 per share. The officials of the bank are President
E. B. Morris; First Vice-President, W. N. Ely; Second Vice
President, A. A. Jackson; Treasurer, Charles J. Rhoads, and

vlarch. 27.0d0.968 8,624,011,150 2,097,984,688 14.446.7b2 1,409,938.650 1,101,018.407

Istqr 79,248,816 7.661,480,450 6,758,677,eei 34,486.890 3,333,238,962 2.606,938.992
April... 41,719,086 4,089,407.800 3.516.023,297 14,772,978 1,434,106.700

May.... 36.892,203 3.440,179,575 2.683.101.469 9,519,473
June... 19,795,612 1,980,765.650 1,509,649,867 7.808,687

to $2,000,000,

Secretary,

Edward

S.

Page.

Bank

Cashier.

4

455,082,364

mos.. 176055746 17121833.375 131664F2.281 66.087.023 6.374.569.212 1.549.691.235

The following compilation covers the clearings by months
dnce January 1
MONTHLY OLBAEINOB.
Clearing .Total
1901.

Clearings Outside

All.

&

$750,000 increase in
Trust Company of Cleveland will

the stock of the Savings
be made on July 15. Payment had been divided into four
equal parts, of which the third quarter was due on Monday

As before stated in
up to $1,500,000.

this

column,

this will bring the

p.a.

1900.

$~

New

York.

1901.

1000.

""$~

P.Ot.

a
2.978,461,861 +11*3

10,716,440,805

$
7.648,043,256 +40-2

8.368,808,924

6.482-,884,338 +29'b

3,316,325,932
2,735,214,399

10,003,989,736

7,626,716,597 +31-2

3,116,749,004

8,790.2=9.267

1st qnar.. 29,078,839,465 21,701,519,191 +34-1

9,167,289.335

b.256.051,41" +11-0

January.
February

..

March

2.486.293,239 +io-o

rill

iprll

12,010,428,193

7,472,974,151

+607

3,373.639,617

2.756,727.208

May

12.826,972,748

7,310.832,516 +76-1

3,500,540,953

2,133.685,166

June

10,105,682,830

6,667.616.003 +51-6

3,214,900,576

2,793.408.262 +16-1

2d quar... 84.U12.083.771 31,461.423,269 —82-8 10,113,980.645

8,383.720,926 +2J-7

6 months. 64.020.928,236 13.153.012,460 —48-4 19.23P.269~.i5) 16.688.778.818

+ 22-4
+23 4

+159

The course of bank clearings at leading cities of the country
month of June and since January 1 in each of the
last four years is shown in the subjoined statement.
for the

BANK OLBAKINQB AT LEADING
(000.000*

1901.

-June.1900. 1899.

6,861

3,874

4,780

581
628
544
185
185
101
86
87
71
38
38
41
60

487
589
411
138
142
95
84
69
61
34
35
53
52

580
550
411
136
113
94
78
65

omitted.)

Sew York...
Boston
Chicago
Philadelphia

—The final instalment of the proposed

capital

704,924,050

of Baltimore have decided to increase

the capital to $1,000,000. The present capital is half a milIt is proposed to issue, 50,000 additional shares
lion dollars.
(par value $10) at $28 per share. By this, of course, the
bank will realize $1,400,000, so that besides adding $500,000
to its capital, the institution will also be enabled to increase
surplus and undivided profits (which combined are now over
$800,000) to something" like $1,730,000. The privilege of subscribing to the new stock to the extent of 50 per cent of their
present holdings is to be given to the present shareholders;
while the balance of stock will be reserved for such others
as the officials believe will promote the general interests of
the bank. Some time ago additional property on Hanover
and Pratt streets (where the institution is located) was purchased, and doubtless improvements looking toward the enlargement of the present offices will shortly be made. Mr,
Wesley M. Oler is President; David Ambach, Vice-President,
W. H. O'Connell, Cashier, and Albert D. Graham, Assistant

last.

977.081,461
610.491,418

2dqr. 96,806,901 9,460,342,926 7,707,774,623 31,601,133 3,041,330,250 2,012,665,248

—Subject to the stockholders' approval, the directors of the
Citizens' National

902.268.900

St.

Louis

Pittsburg.. .
Baltimore...

San Fran'oo.
Olnolnnatl...
Kansas City.

New Orleans
Louisville...

Minneapolis.
Cleveland...

51

33
35
45
42

0ITIE8.

Jan. 1 to June 30.
1898. 1901. 1900. 1899. 1898.
$
3,266 44,735 26,514 32.025 19,905
427 3,731 3,115 3,521 2
481 8,726 3,401 3,243 2,703
323 2,789 2,363 2,418 1,805
713
801
822
120 1,091
486
816
83 1,0-4

.

,

82
66
60
47
28
39
33
33

623
548
503
426
300
237
245
339

56 i

482
405
349
257
223
259
276

675
443
:->69

289
224
201
IS8
245

459
397
328
880
232
176
206
184

THE CHRONICLE.

16
June

,

(000,0008

1001.

otmltnl.)

9
46
27
27
27
25
29
20

1899.

9

Jan. 1 to June. 30.
1900. 1899. 1898.
1901.

$9
.

1899.
*

1898.

29
22
23
27
18
16
18
10
12

«

247

9
209
162
150
156
126
134
117
65
108

*

*

202

167

161
138
136
119
125
109

129

36
27
23
25

11
17

35
27
25
29
21
26
21
10
18

9/735

6\837

7,209

371

330

303

5.253 61,725 41,079 46,*97 31,496
250 2,296 2,074 1,777 1,539

Total all... 10^106
Outside N.Y. 3.245

6,067
2.793

7.512
2,732

6,503 <it,021 43,153 48,374 33,035
2,237 19,281 16.K39 16,349 13,130

Detroit
Providence..

Milwaukee..

Omaha
Buflalo

Columbus...
Bt. Paul
Hartford....

Denver
Total

Other Oitles..

21

22
19
11
13

171

156
161
146
159
120
67
118

69
78

131

145
1<>5

104
96
63
73

[From our own correspondent.]
London, Saturday, Jnne 22, 1901.
Businef s on the Stock Exchange continues as quiet as ever.
Indeed, the unwillingness to engage in new risks is becoming
even more marked as we approach more closely to the holiday season. Money has grown unexpectedly plentiful and
easy, and is likely to continue so for some time yet; and the
German Emperor has been telling the public this week that
peace is assured for a long time to come, mainly because
the co-operation of the Powers in China has led all to appreciate and admire those who acted loyally with them. Still,
the public holds aloof from all new enterprise.
The low price of consols tempts very few, because the
military operations in South Africa continue and are likely
to continue; and therefore fear is already beginning to be entertained that the Government will have to borrow once more.
British railway stocks people are more inclined to sell than to
buy, for the half-year just closing has been a very unprofIndeed, it looks now as if there
itable one for the railways.
would be an unusually great decrease in the dividends of all
the leading companies. Unfortunately the prospect for the
new half-year is not brighter. The expenses will be very
heavy, and traffic is falling off.
Foreign stocks generally are so very high-priced that the
public will not buy, and of course gold mines do not attract
while the war goes on. Trade has undoubtedly received a
check; and although manufacturers generally are fully employed and will be until at least the end of the year, new
orders are coming in slowly.
Upon the Continent there is even more stage ation than
here. As mentioned last week, a considerable financial establishment in Berlin which locked up too much of its capital
in financing an important electrical company suspended; and
this has revived rumors that other financial establishments
are in difficulties. There is no apprehension respecting the
banks proper, but there is a very general belief that some of
the financial establishments have locked up too much capital
and therefore confidence is shaken. There are also fears of
further failures amongst mortgage banks, though probably
the fears are exaggerated. Of course it is notorious that
some of the mortgage banks have done very bad business
and have been exceedingly badly managed; but that there
will be any serious failure does not follow. The loss of confidence, the depression in trade and the fall in prices generally have almost completely stopped business on the Stock
Exchange. No doubt also the Bourse laws have intensified
the effect, for dishonest operators have taken advantage of
the laws to refuse to carry out contracts deliberately en

[Vol. LXXI1I.

ket is only from \% per cent to 2 per cent, and therefore the
best paper is not brought to the Bank, the Bank refuses to
change, believing that money will become scarce and dear in
the autumn, and being very unwilling to have to put up the
rate again in the course of a few months.
Rates are declining all over Europe; and even in India money
is growing cheaper. The Bank of Bengal and the Bank of Bombay have both put down their rates of discount this week from
6 per cent to 5 per cent. Here at home money is very abundant. The reserve of the Bank of England has continued to
increase and probably will increase somewhat more; and as
the Government expenditure is on an enormous scale, as fast
as money goes into the Exchequer it is paid out again; and
consequently it looks as if rates would remain low for the
next couple of months.
Meantime the growing cheapness of money is lepseninp the
applications for India Council drafts. The Council offered
for tender on Wednesday 50 lacs and the applications but
slightly exceeded 40J^ lacs.
Little more than 33^ lacs were

from

allotted at prices ranging

Is.

3 29 32d. to

Is.

3 81-88d,

per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, Sec
18U0.
21

1900.

1901.

Ju if
*

June

10.

M

29,626575
8,140 573

1888.
22.

Jum
*

20.

June
M

Hroulatlon
Public deposits
Other deposits
Government securities

29.394,785
11.891.965
89.958.284
14.802,082

41,021.186
14,660.908

11.714,358
37,44<>43l3.363.oii

Other securities
Keserve of notes and coin

27,26'i.4'J4

80,560*99

38.706819

26,172,023
37.781,758

21.890,526
83.745.101

20.P2«,3«6
31,489 681

3

3

«7,380.720
12.064 967
14.6K5.91l
13.476.051
38,063,340
27,959.418
88.496.133
4fc^
8

93 6-16

101

107 11-18

1118-16

d',%1
210,769.000

37&d.

tlUi

27)^cL
121,723.000

CoinAbulllon.bothdepartm'ts
Prop.reserve to

Bank rate
Consols, 2H per cent

percent.

silver

^learlne-House returns

Messrs. Pixley

June

&

U%

6118-16

liabilities.. d.o.

3

>!7,r»a\J.185

4*7-10

165.126.000

204.640,000

Abeil write as follows under date of

20:

Gold.— The Bank has only been successful in obtaining a small portion of the scold this week. The chief portion of the Indian and Australian arrivals has been wanted for South America, and £180,000 In
French coin from Morocco has been chiefly taken for the Continent;
£176. OOOhas reached the Bank, while £42,00 J has been withdrawn
Roumania. Arrlvale: Australia. £249,000. Straits, £5,000; China
£39,000; Bombay, £46,000; River Plate, £17,000; West Indies, £22,000; total, £378,000. Shipments: Bombay, £5,000.
Silver. -There have been practically no movements in silver for
nearly all the week, the level being 277ie<l., at which there have been
purchasers for India and the Straits, with America a moderate seller.
The price in India Is Rs. "O^e. Arrivals: New York, £133.000; Australia, £3,000; West Indies, £7,000; total,
£143,000. Shipments:
Bombay, £167,500; Calcutta, £5,000; Madras, £2,500; total, £175,for

000.

Mexican Dollars.— These coin are not better than [27 14d., but there
has been no business.
They also report the following for the week ending June 13:
Gold.—There have been no movements of importance since our last,
and the Bank of England has been the only buyer. The amount that
has reached the Bank totals £132,000. chiefly in bars, while £207,000
has been withdrawn, of which £200,000 goes to South Africa. For
the week— Arrivals: Chile, £2,000.
Shipments: Bombay, £10,000.
For the month of May— Arrivals: Germany, £41,000; Holland, £28,000; Belgium, £22,000; France, £118,000; Egypt, £210,000; U. 8. A.,
£208,000. Shipments: Germany, £4,000; Holland, £26,000; Belgium, £5,000; France, £71,000.
Silver has only moved within the same narrow limits as last week.
India has been the only buyer and has purchased for both cash and
forward deliverv. Silver in India Is quoted at Rs. 70>* per 100 tolahs.
For the week— Arrivals: New York, £155.000; Chile, £2O,CO0. Shipments: Bombay, £128,000; Calcutta, £120,000. For the month of
May— Arrivals: France, £31.000; TJ. S. A., £839.00(; Germany,
£9,000. Shipments: France, £96,000; U. S. A., £7,000; Germany,
£20,000.
Mexican Dollars.—With a oomplete laok of business in these coin
the price remains perfectly nominal.

The quotations

for bullion are reported as follows:

tered into.

In France money is still accumulating, and probably will
go on accumulating for some time yet; but there is no more
willingness than there was to engage in fresh enterprise.
The deposits in the banks are increasing, the public preferring to keep its money in a liquid state rather than to run
any risks. It is a curious illustration of the unwillingness in
France to engage in new enterprise in spite of the immense
accumulation of money, that the Government has had to use
its itfluence with the banks to establish a bank for the
special assistance and promotion of industrial enterprise. It
has long been a cause of complaint in France that financial
assistance could not be obtained in the way required for new
industrial enterprise; and the Government has recognized that

the complaint

Bank

was well founded.

Accordingly, the French
and the French International Bank
be amalgamated with the new institution, each of

Gold.
London Standard.

June

June

Silver.

20.

13

London Standard.

s.

oz. 77
Bar gold, fine
0. S. gold coin...oz, 76

d.

9*4

4
Germ'n gold coin. oz, 76 5
French gold ooin.oz, 76 5
oz, 76 4
Japanese yen

77
76
76
76
76

914

4
5
5
4

13.

20.

d

d.

Bar silver, fine.

d.

277 1(
Do 2 mo. delivery 278 8
Bar silver, contain 'g
do 5 grs. gold.oz. 27'5 U
do 4 grs. gold.oz. 27 %
do 3 grs. gold.oz. 279 18
.

.oz.

,

3

277 16
27» :6
2715 16

27%

278 lt.

Cake sliver
oz. 299i* 299,,
Mexican dollars. oz. 27
27V

V

*

Nominal.

The following shows the imports of cereal produce into the
United Kingdom during the forty -two weeks of the season
oompared with previous seasons:
IMPORTS.

of South Africa

are to
them bringing in a capital of 20 million francs; 20 million
francs more are to be subscribed by the leading banks; so
that the total capital will be 60 million francs, or £2,400,000
sterling.
M. Rouvier, formerly Minister of Finance, will
be the Governor.
The Imperial Bank of Germany reduced its rate on Tuesday
from 4 per cent to 3J^ per cent. Naturally money is accumulating in immense amounts in Germany, and the Bank
is now exceedingly strong.
In ordinary years there is a pronounced demand for money at the end of June. Last year
and the year before the demand was so great that the Imperial Bank had to issue notes in excess, both of the authorized circulaticn and of the gold held. This year, however,
there is such a falling off in all kinds of business that it does
not seem likely that the demand will be great. The Bank of
France, on the other hand, has as yet made no change. The
Bank of France is very averse to changing its rate of discount. Often it keeps the rate at the same figure for years
together; and although the rate of discount in the open mar-

8.

Jnne June

1900-01.
1899-00.
1898-99.
lmp'rtsofwheat,cwt.55,932,600 50,423,800 50,488,350
17,450,300 13,322,100 20,145,343
Barley
18,113,300 14,848,300 12,052,920
Oats
2,109,330
2,197,840
1,894,050
Peas
1,344,740
1,408,020
Beans
1,662,570
44 339,300 47,124,200 44,815,660
Indian oorn
18,568,200 17,306,900 18,269,205
Flour

1897-98.
51,142,510
17,494,694
11,768,790
2,036,755
2,122,570
43,161,100
16,877,170

Supplies available for consumption (exclusive of stocks on

September

1):

1900-01.

1899-00.

1898-99.

17,306,900 18,269,205
27,963,926 29,481,475

1897-98^
51,142,510
16,877,170
22,428,550

98,239,030

90,448,230

Wheat imported,owt.55,982,600 50,423,800 50,483,350
Importsof flour.... ..18,568,200
Salesof home-grown.21,508,659
Total

96,053,459

Aver. price wheat, week. 27s.
Average price, season. 27s.

8d.
Id.

85,694,626
25s.
26s.

6d.
Od.

The following shows the quantities

25s.
26s.

7d.
3d.

42s.
36s.

4d.
3d.

of wheat, flour

and

maize afloat to the United Kingdom:
This week.

Wheat

qrs... 3,015,000
Flour, equal to qrs... 335,000
qrs... 970,000
Maize

Last week.
3,025,000

400,000
1,055,000

1900.
2,230,000
330,000

515,000

1899.
2,925,000
260,000
680,000

July

THE CHRONICLE.

1901.]

6,

Kiitfllsh

Financial Market*— Per

<

able.

The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending July 5.
Sat.

Hon.

27 »*

37 4
93 7 18

London.
ounoe

Silver, per

Consols.,

new,2\

d.
p. ots.

For aooount

IVoh rentee(ln ParlB) fr.
Spanish 4b

10
91°9
107»s

110

964

Preferred

Canadian Paolflo
Chesapeake & Ohio
Chloa. Great Western
Ohio. Mil.

Den.

Do

& Rio

107
49 \

254

.

St. Panl...

<fc

51>s

44

2d preferred
Louisville

r

1114
974
1074
604
264

524
594
1574

& Nashville.. 1124
284

Mexican Central
Mexloan National
Mo. Kan. <k Tex., com..

Preferred
m. Y. Cent'l & Hudson..
». Y. Ontario & West'n

11

324
654
1614

Preferred

98

99

77 4

Pennsylvania
Phila. A Read

234
404

•Phlla. &. Read., 1st pref.
•Phlla. <fe Read., 2d pref.
Southern Paolflo

29

Bonth'n Railway, oom.
Preferred

344
894

Union Paolflo

61 78

1135s

Preferred
U. 8. Steel Corp., oom.
do
pref .
Do

93
50?9
7

10l 8

234
444
684

Wabash
Do preferred
Deb. "B"
Do

114
3Z4
654

91

e

53%

do
pref.
Do
Northern Paolno, com..

113
29

162
37 78
54
91

87 7

& Western

444
74

74
59
154

Illinois Central

Norfolk

9 78
91
10S

1814

180

Or., com....

93%

do Preferred. liomi 102

Erie, common
1st preferred...

Wed.

274

374
934

TKuri.

27

FN.

936,8
93 4

9%
904

90 -Si

1064
1094

1064

964

96%

9°8

1064

106&H

494

494
244

24*8
178 4

179
51

51
100
43 »8
73
59
157

734
594

734

lll'e

157
Ill's

157
Ill's

284

284

11

11
31

65

654

162

162
36 78

37

524

77%
23»8

23
4038

29

111»8

924
494

924
49
101
22'8

100%
23

444

924
484
98%

44%
674

Falls.

Gallatin, Missouri.

Capital,

James Tuggee, President P. J. Olevenger, Cashier.
Conversion of the Gallatin Savings Bank.
5,828—The First National Bank of Wadsworth, Ohio. Capital,
$25,000. J. B. Wright, President; L. 8. Wertz, Cashier.
5,829-The Thurmont National Bank, Thurmont, Maryland. Capital,
Cashier.
$25,000. 8amuel M. Blrely, President
;

;

,

Week.—The

following are
the imports at New York for the week ending for dry goods
June 27 and for the week ending for general merchandise
June 28; also totals since beginning first week January.
FOREIGN IMPORTS.

Total
Since Jan.

1901.

$1,643,283
9,980,417

1900.

1899.

1898.

$1,659,112
7,849,994

$1,682,541
9,190,820

$1,372,148
6,884,659

$11,623,700

$9,509,106

$10,873,361

$8,256,807

$52,935,717
230,645,822

$64,080,380
219,230,068

$52,932,928
212,946,328

$48,726,629
174,761,865

1

Dry Goods
Gren'l mer'dlse

banks.

Capi-

(00s omitted.)

tal.

Total 26 weeks J283.581.539 $283,310,448 $265,879,256 $223,488,494

The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending July 1, and from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.
1901.
Prev. reported

$9,468,192
253,302,523

1900.

$10,541,035
259,840,672

1899.

102,861
1,339,656
362,973
20,640

$15,337
182,184
49.985

$1,853,278
2.004.882
1.877,014

following

is

Leo. T. Deposit, with
<*B'k. Olear'g Other

6.

Invest- Specie

I
100,0 138,8
1,1
300,0 209,3
Oolnmbla
100,0 123,0
Eleventh Ward...
Fourteenth Street. 100,0
72,9
200,0
(iansevoort
21,7
200,0 100,3
Hamilton
250,0
67,1
Mount Morris
200,0 151,1
Mutual
Nineteenth Ward. 200,0 136,8
100,0 213,8
Plana
100,0 125,1
Riverside
100,0 273,5
State
200,0
32,2
rwelfth Ward
Twenty -third W'd. 100,0 74,9
200,0 303,5
Onion Square
100,0 209,1
forkville
100,0
26,4
Washington.
94,5
300,0
Fidelity
100,0
63,6
Varlok
51.9
300,0
Jefferson
100.0
63.9
Century
9,4
Domestic Ex. Nat. 300,0
Boro'h of Brooklyn.
Bedford
150,0 117,8
Broadway
100,0 179,9
Brooklyn
300,0 153,8
Klghth Ward.
100,0
37,4
fiith Avenue
100,0
70,6
Kings Connty
64,4
160,0
Manutaot'rs' Nat'l. 262,0 603,6
Mechanics
500,0 366,1
Mech's'
Traders' 100,0 185,9
20,7
Merchants'
100,0
Nassau National.. 300,0 043,2
National City
300,0 572,2
Worth Side
100,0 142,0
Peop'ea
100,0 133,7
72,8
-seventeenth Ward 100,0
apragne National. 200,0 236,9
Twenty -sixth W'd. 100,0 66,8
04,4
100,0
Onion
56,6
Wallabout
100,0

&

Borough of
Richmond.
of Staten Isl

Bank

lstNat.,8taten Isl

ZVet

UevosiU

Notes. Agent. Bks.&c

1898.

$8,897,643
$8,225,470
221,659,574 235,894,173

Total 26 weeks 1262,770,715 $270,381,707 $229,885,044 $244,791,816

Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergenoe from
the monthly totals, also oompUed by the Custom House, we shall from

time to time adjust the totals by adding to or deduotlng from the
amount "previously reported."

25,0
100,0

00,9
86,0

400,0

905,4

t

t

•

%

1804,0
42,0
2023,0 197.0
00.1
1147,9
1441,7
09.3
10,7
1304,6
1573,3
90,9
2402,8 137,3
1306,1
20,5
1398,7
20,4
2820,0 140,0
1149,0
16,0
3401,0 257,0
1344,7
84,0
42.0
1001,5
2292,0
67.8
1000,5
88,5
008,6
8,6
452,0
10,6
12.9
935,8
527,8
3,1
157,0
8.2
774,4
70,6

109,0
132.0
64.7
52,7
100,2
102,9
95.0
100,8
180,9
100.0
01,8
129,0
168,6
97,2
257,0
84,5
34,3
22.9
08,9
44,8
25,7

1336,9
14,3
1521.0
18,4
1203,5
61,3
349,0
14,2
700.0
34,2
741,3
84,9
2940,6 318.2
3812,2 103,1
999,1
16,7
691,5
6.9
4100,0 175,0
2930,0 130,0
961,0
12.6
965,1
28,0
654,6
7.9
1207,2 111,4
651.0
11,2
009,6
27,9
812.2
38,8

89,1
90.4
34.4
25.0
28,5
20,2
142,2
185,3
04,7
40,0

554,0
768,8

2,0

325,0
254,0
50,3
39,0
41,3
10,0
34,5
55,8
28,3

•

200,3
211,0
192,0
215,0
135,0

3,0

60,0
4.9
5,0

91,2

207,5
198,4
312,2
138,0
02,7
155,0
190,7

61,9
200,1
852,7

74.6
510,0
193,0
40,7
41,0

7"7,9

84,1
98.4
49.2
51,6

"3,"3

224,0

20,6
3.4

26.7
44,'i

145,3
193.1
109.7

135,5

38.1
61.1
65.9

6.1
33,0
10,6

"*8.'3

438,4
520,9
78,1

67.5

87,8
602,0
385,0
48,7
50,8
00,0
223,0
75.3
06,4
41,6

44,0
109.0
47,4
69.6
32,7
60,0
3.3

94.0
33,7

1940,0
2804.0
1395,4
1007,1
1434,4
1721.0
3003,4
1527,0
2293,0
2919,0
1153.2
3937,0
1801,2
1228,4
2937.1
1054.7
038,8
371.9
950,2
532,1
73.8
583,0
1484,1
1698.9
1213,2
325,5
057.0
708,0
3407.0
4500,4
993,1
740,9
4450,0
8280.0
885,0
979,8
513.8
1188.0
544,2
720,3
795.7

18,6

051.2
783.4

954,3 1328,2
305,3 182,7
263.1
4"3,9
159,4
123,0
19,7

6905,2
2030.8
1178.7
950.7
1863,3

104.2
164.2

14,7
46,2

Other Citiu.
1st Nat., Jer. City.

4908,8 246.0
2124,2
73,7
09,1
320,6 1269,2
1030,4
45,9
241, b
456,8 2143,0 104.9
829,8
109,3
31,6

Hud. Co. Nat., J.O. 260,0 670,4
3d Nat., Jer. City..

260,0

81 Nat., Jer. Olty.. 200,0
1st Nat., Hoboken.
3d Nat., Hoboken

Totals
Totals
Totals

110,0
125,0

53,1

5.2

789,1

June 29. 8262,0 9017.1 72876.7 3232.6 4240,3 8961,7 3577,7 80817.1
Jnne 23 8062,0 9072.2 71211,4 3154.7 4101.4 9038,7 3621,5 79504,2
June 15 8062.0 9072.2 70849,7 3066,0 4388.0 8910,6 3602,4 78813,8
1

&

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 inolude results for the non-

New York

City,

Boston

member banks.

specie)

For the week..

Sur- Loans
plus.

Borough of
Manhattan.

;

Imports and Exforts fob the

223
2,323
13,014

«BW YORK CITY

;

of

$23,012
3,H83

Member Banks.—The

ment/.

;

$25,000.

SineeJan.l.

$

$1,151,907 $26,090,646
1,219,860 25,443,044
775.934 24,667,864

Total 1899

924
49%
994

1

5,827— The First National Bank

Week.

1

the
itatement of oondition of the non-member banks for the
sveek ending June 29, based on averages of the daily result.
Ve omit two ciphers fOO ) in all cases

NATIONAL BANKS ORGANIZED.

Dry Goods

Since J an.

Jolonlal

Redwood

Import!.

2,491

Keports of Non

Certificates Issued May 20 to June 8.
S,820-The First National Bank of Idaho Falls, Idaho. Capital,
$25,000.
W. F. Adams, President; Robert Anderson,
poo n r
5,821— First National Bank of Clifton, Arizona Territory. Capital,
,
President; Alexander T. Thomson,
$30,000.
Vioe-Presldent Charles P. Roseorans, Cashier.
5,822—The First National Bank of Ontario, Oregon. Capital, $25,000.
John D. Daly, President; Edgar H. Test, Cashier.
5,823— The First National Bank of Berlin, Pennsylvania. Capital,
$50,000. W. A. Garman, President; Fred Groff, Gashier.
5,824— The First National Bank of Crandall, Texas. Capital, $25,000.
M. Spellman, President W. D. Morrow, Cashier.
5,825—The American National Bank of Beaumont, Texas. Capital.
$100,000. J. P. Withers. President F. P. Clements, Cashier.
5,826 -The First National Bank of Redwood Falls, Minnesota. Capital, $25,000.
August O. Burmeister, President; Herbert A.
Baldwin, Cashier. Conversion of The Redwood County Bank

Gen'l mer'dlse

$1,228,272
1,396,216
7,899,986

$1,149,815 $25,303,901
562,79r
3,220
196,975
2.092
21,250
1,016

louth America
4.11 other oo un tries.

76%
234

234

National Banks.— The following informationregarding
is from the Treasury Department.

For week.

$45,092
75,136
13,896

Week.

99 >*

national banks

of

$2,000 $27,736,703
55,910 37,400.376
5.057,943 24,996,066
Export!.

Total 1901

99
77

33%
88%

1114

67

1614

29
61

604
33%
c84

684

1614

(tforamjetxialawd %$lisczlli%uz0UB%zxo8

1

411,943
159,135
408,755
44,281

Silver.

111»8

Prioe per share

)

18.253
4,134
22,705

156%

524
974
774
234
404

45

434
734

1

6,030,801
566,741
36,668
28,855
1.099,000

other countries.
Total 1901

179

433b

974
774

92%
49%
1014
244

1784

all

Since Jan.

$
204,208
2,000

106\

Week.

1

9

jireat Britain

994

304

Since J an.

Week.

90

107

in

Bold.

109 4

91

114

94

9»8
B9*j

of

M

Import:

MxporU.

937, e

93^,,

91

40%
294
624
344
894

The following table shows the exports and imports
New York for the week ending June
and since Jan. 1, 1901, and for the corresponding periods
1900 and 1899.
XPORTS AND IMPORTS OP BPBOII AT HEW TORE.
specie at the port of

27

934
934
9ZH
002Xi« 00524 10070 00-674 00 634 100 65
704
704
70%
x70
71
70's
93»s
93»a

Anaconda Mining

A ton. Top. & Hanta Fe..
Preferred
Baltimore A Ohio

Tuei

17

Banks.

Capital A
Surplu*.

Loans.

Specie.

N. Y.»
I
9
9
June 8.. 169,535,2 887,599.1 1790297
"
"

15..
32..

"

39.

169,691,1 900,943.9 1771534
169,091,1 902.755,3 1732969
109.080.1 892,381,3 1723116

Legale.

Depo»itJ.-t

9

•

77.341,6
77,077,3
79,026,6
79,018,1

Oire'l'n. [Clearings.

•

972,118,8 30,933.4
984.194.8 30,904,4
983,844,3 30.887,6
971,383.0(30,536,8

8

18993344
16373299
10373084
16188571

Uoi.'

Jane
"
"

15..
22..
29..

57,632,9 194,000,0 15,724,0
57,082,9 195,850,0 15,460,0;
57,632,9 190,520,0 14,910,0'

8.083.0 321,981,0
8,424,0 219.201,0
8,488.0 217,514,0

6,148,0 137,875.8
0,145.0 131,906.4
0,140.0 138,177,3

214.478,0
316.038.0
209.908.0

9,849,0 181,243,7
9.826,0 137.784,0
9.832.0 104.050.0

Phlla.'

June
"
"
•

t

15.
32..
39..

38,715,3 172,925.0
38,716,3 170,002,0
88.716.3 176.148,0

Wt omit Udo ciphers in

88,757.0
01,766,0
68.340,0

all these tlgurei.

Inolading for Boston and Philadelphia the Item " due to other banks.

.

.

..

THE CHRONICLE.

18

New York City Clearing: House BonkB.—Statement of
condition for the week ending June 29, based on average of
daily results.
We omit two ciphers (00) in all cases.
BANKS'
Bank

Capital. Surplus.

9
N. Y....

of

Manhattan

2,094,1
3.183,4

3,000,01 1,131,8

3,000,0
1,500,0
1,000,0
10,000,0
City
300,0
Chemical
600,0
Merchants' Ex..
1,000,0
Ballatln
300,0
Butoh.4 Drov's'
400,0
Mech.dk Traders'
300,0
ereenwioh
600,0
Leather M'f'rs..
State of N. Y.... 1,300,0
Amerloan Exoh. 5,000,0
10,000,0
Commerce
1,000,0
Broadway
1,000,0
Mercantile

3,313,3

Amerloa
Phenlx

433,7

Paotno
Republlo

1,600,0

Chatham

450,0
300,0

People's

North Amerloa
Hanover

1,000,0
8,000,0
500,0
Irving
600,0
Oltleens'
600,0
Nassau
900,0
Market A Fulton
Shoe & Leather. 1,000,0
Corn Exchange.. 1,400,0
300,0
Oriental
Imp'frs'&Trad. 1,500,0
3,000,0
Park
250,0
East River
Fourth........... 8,000,0
1,000,0
Central
300,0
Second
750,0
Ninth
600,0
First
300,0
N.Y.Nat'lExch.
.

250,0

Bowery

300,0
N. Y. County....
750,0
German Ameri.
1,000,0
Chase
100,0
Fifth Avenge...
200,0
German Exoh...
200,0
300,0

(Jermanla
Linooln

1,000,0

Sarfleld

LetaU.

Depoiiti

9

9

9

9

$

3,000,0
3,050,0

Co...

Merchants'
Meohanlos'

Loan*.

Specie.

200,0
300,0
200,0
500,0
Seaboard.
3,100,0
Western
300,0
1st Nat., B'klyn.
600,0
Liberty
N. Y. Prod. Ex.. 1,000,0
250,0
NewAmsterdam
360,0
Astor.
500,0
Hide A Leather.
Fifth

Bank of Metrop.
West Side

3,153,1

348,1
6,160,1
6,997,3

385,1
1,932,0
73,1

136,5
178,3
602,1
526,9
3,185,9
6,940,1
1,613,2
1,888,6
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
412,6
6,089,6
3,727,4
156,6
2,631,1
626,2
942,6
80,0
9,616,1
118,6
729,2
474,1
395,6
2,442,6
1,362,3
582,5
837,2
957,5
1,119,8
362,9
1,076,3
446,1
884,6
2,148,1
514,8
680,2
402,8
547,1
339,3
343,2

19.171.0
34,577,0
13.154,9
14,461,0
21,396,6
6,820.0
116,306,8
34,446,8
4,893,6
9,393,3
1,162,6
3,681,0
1,092,8
6,208,8
6,740.0
84,684,0
76,861,0
5,738,7
14,704,9
2,893,6
18.810,9
6,434,6
2,288,8
12,682,8
48,495,9
4.469,0
8,148,6
2,729.1
6,196,8
4,070,0
20,063,0
2,155,3
24,706,0
51,900,0
1,305,6
24,086.2
11,026,0
9,624,0
2,810,3
44,665,3
3,389,9
3,426,0
3,868,0
3,375.5
42.789,8
9,413,2
2,300,8
8,058,7
13,661,6
7,743,4
2,296,1
8,142,6
2,839,0
14,046,0
37,126,4
4,642,0
6,894,8
4,536,1
7,620,2
4,264,8
2,880,4

3,096,0
5,338,0
2,440.6
3,197.0
8,183.4
800,0
27.007,6
4,157,1
886,3
1.573,6
229,8
398,0
117,1
1,478.3
608,9
8,081,0
9,676,0
938,3
2.299,1
293.3
4,246,3
768,8
216,7
2,033,6
8,058,9
467,4
784,0
425,4
996,3
1,020,4
3,866,0
261.3
3,746,0
18,092,0
278,2
4,238,8
1.357,0
1,680,0
553,0
10,228,2
683,6
375,0
786,7
498,1
11,383,8
2,555,9
224,4
411,4
2,068,3
1,730,9
461,1
1,263,2
408,0
2,444,0
8,370,3
382,0
1,205,8
809,7
1,440,0
833,9
479,0

,

lit.

P.O.

1,736,0 19,106,0 252
2,182,0 28,893,0 259
1,763,6 16,771,6 266
788.0 16,308,0 25-6
2,748,1 28,962,9 247
6,300,0 284
341.0
6,985,0 181,016,6 25-9
2.043.9 23,716.6 281
6,403,3 249
613,9
8,070,1 300
863,4
1,249,1 25-6
90,6
2,987,0 23-3
298,0
969,7 23-9
116,1
6,693,6 301
239,8
6,612,1 18-4
411,0
2,147,0 88,108.0 30-8
7,661.2 68,411,6 25-1
4,875,5 26-1
344,4
1,640,1 14,861,6 26-5
3,744,3 24-6
626,6
1.339,4 20,721,7 269
998.3
6,712,6 268
603,0
2,971,6 27-5
1,886,6 18,890,7 25-6
6,843,9 63,485,9 259
676,3
4,680,0 22-7
218,1
8,681,2 27-2
3,208,8 28-1
316,0
6,577,3 27-1
787,1
269,1
4,790,6 269
2,477,0 23.649,0 24-6
2,265,2 30-1
481,0
1,488,0 22,478,0 233
3,870.0 64.263,0 283
210,9
1,566,2 810
3,389,9 26,616,0 28-4
1,562,0 18,222,0 220
953,0 10,498,0 25-0
265,5
3,217,6 25-4
2,277,2 47,381.1 26-4
3,581,3 25-8
326,4
3,723,0 19-4
348,0
4,698,0 251
393,0
3,179,1 23-5
264,7
2,808,2 62,290,7 26-1
269,3 10,779,1 26-1
807,8
3,380,0 309
4,590,9 18-5
442,1
2,240,7 16,501,5 26-0
241,9
7,989,8 24-6
129,7
2,329,8 249
9,061,2 22-2
761.7
3.187,0 24-7
881,0
2,094,0 17,247,0 26'3
2,677,5 43,802,1 25-2
4,885,0 22-9
729,0
525.0
6,930,1 24-9
26-0
4,588,8
383,7
8,920,9 241
717,4
4,482,6 261
839,1
2,219,8 260
100,1

78,722,7 95,367,4 892,381,3 172313 6 79,018,1 971,382,0 25-8

Total

KUtiPtl at—

Wheat.

Flour.

Corn.

BarUv.

Oatt.

»<

BbU.lVOlbi Buih.OOlbi Buih.661b< Bu$h.S2lbi Buih.iSlbt Bw.ec

Milwaukee

676.1C8
210,000
438.667

170,687
67.175

.

127,000

Kansas

30,650
15.750

5,780

3,100

21,807

55,492

206,153

47,936

4,600

700

7,800

15,500

28,000

87,000

85.873
87,490

244,061

56,888
160,665

12,460

6,000

114,000

275.400

79,590

234,885
197,920
149,600
67,200

444,309
395.351

3,048,651

1,901,461

3,062,856

5,785,609

886,107

6,548,865

7,054,376

14.973

760
700

2,076,284

126,305

3,889.291

140,243

3.444,611

186,695

65,873
41,798
7e,096

18,560,763 214,460,809 193.664,836 160.320.7C 3
19.642.732 205,088,006 208,782.986 155,851,780
14.254,022 268,711,994 201,750.991 164.038,619

28.780.611

4,144.318

40,848,901 6,911.167
24,991,486 10,406,181

The receipts of flour and grain at the seaboard ports
week ended June 29 1901, follow:

the

•ew York
Boston

Portland, Me.
Philadelphia..

Baltimore

Kew

Orleans..

New York

at—

Boston
Montreal
Philadelphia....

Baltimore

Blohmond

New

Orleans*

Newport News
Norfolk
Galveston
Portland. Me
Mobile

buih.
683.300
412,303
701,919
102.912
147,925
9,714
383.000
62,720

27,999
29,444
A0.023
86.847
2.412
9.018
23.025
7,964

4,847

Total week.
1900

376,243
328,016

Corn,
bush.

Oat*,
bush.

667,600
570.821
169.790
788,018
588.595
32,194
21.000

720,400
91,836
82,618
78,627
119.295
15,042
33.150

190.400
116,400

24,236

Quebec

Week

tVntat,

bbls.

124661

2,728,829
2.338,822

2^901.384 1,160,068
3,829,988 1,751,740

Total receipts at ports from Jan,
follows for four years:
RtctipU of—

H
1

Total grain...

1,

B«rl« v

Bl».

buih.

but*.
36,100
21,080
78,747

8.4C0

1

to

496.825
668,916

17'i,Ooo

IHI.1HI

61,918

Total week.. 2.717,119 8,841.666
tlme'00.. 1,431,461 4.469238

Same

The destination
Sept.

1900, is as

1,

Oaf,

IiV*.

hutr,

buth

18.920
4.847
69.738

888.288
148 058
19.195
30.000

8)1,003

....

Barliy,

buih.

2,819

5JH.787

21,000

664

25,581

08,804

17.842

18,889

9,600

290.528
C3O.890
270.678 1,095,487

6\843

48.780
68.797

9.600
268,062

108.896

of these exports for the

below

1'iai,

buih

2.C00

14,335
7.964
28,085
26.(24

818,847
61,428

24.28H

week and since

:

,_.
—
\VM*l.
Corn.
-Flour.Wiek einti Sipl.
With £Tin« Sept. With 8int* Sept.
June 89
JuneW. 1. 1900. June 89 1, 190*.
1.1900.
buih.
buih
Mud.
bbU.
buih.
bbU.
i

Mxportifor
»nli and iin«i
Sept. 1

United

to—

Kingdom

1«8.400

9.780.942
1,816,343
881,872
977.482
84.082
269.240

1.289,103
1.417.C05

11,011

63,798.780 1.037.328 71188.711
40.265.115 1,640,218 70.686,33:4
28,969
110,766
913,147
90
24.776
886,148
35.2*0
213.948
427.817
368
712,288

Total
290,628 13.782,760
Total 1899-1000.. 870,673 18.116,454

8,717,119
1,131.461

81.608,231 2.811,886 144,449.861
75.887.469 4.488,882 168,823,786

Jontlnent.

59.; at

AC. America.
West Indies
Br.N.Am. Colo's

20,264
14.420
2.8£9
7,462

3.

Other oountrles

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, June 29, 1901, was as follows:
Corn,

Whtmt,
In itoriat—

buth.

Hew York
Do
afloat

l,476.ooc
17,000
1,819.000
209.000

Boston
Philadelphia
Baltimore
New Orleans
Toronto,
Buffalo

Do
Do

1,843,000

487.000
55,000
678.000

1.610.000

887.000

299,0(0
1.000
1,013,0 JO

102,000

606,000

164.000

140.000

181.00*0

6,140,000

6,763,000

880 000

682,010

86,000

B««.
buth.

Barley
bush.

51,000

159.000

21,000
'

90,000

8I.O06
18,000
159,000

*63,0b'6

afloat.

Toledo

..

4,000

afloat

Detroit

Do

"a.ob'p

2.000

8,348,000

178,000

i.'ooo

440,000

" 6.000

8,459 000

1,167,000

180.000

'48.000

32,000
821,000

1,013.000
79,000

8,000

9,000

ib*&'.b'6ii

17,000
305.000
19 nar
38.000
ISO 000
390,000

afloat

Jkloago

Do
Do

afloat

Milwaukee

'

16,00

afloat

rUWlll'mAPt. Arthur
i)uluth

Do

1,237,000
3,679.000

afloat

Minneapolis

10,029,00"

284,000

St LOttlS

Do

Oati,
buth.

buth.
696.000
17,000
5S0.OUU
864,000
1,612,000
272,000

879.00C
787.000
651.000
188,000
48,000

Salveston
Montreal

8,000

afloat

Kansas City
Peoria
Indianapolis
On Mississippi River.

OnLakes
On oanal and river.

. .

231,000
10,000
I33.00n
83.000
1,871.000
498,000

'

85.000
33.000
25,000
269.000
318,000

88,000
8,000

Total June 29, 1801». 80.798.000

15,158,000
436.000
10,780,000
619,000
32.903.oO0
17,188,000
559.000
484,000
10,601.000
47,162.000
11.019,000
670.000
814,000
6,876,000
Total July 1. 1890+. 33,682 000
13.868,000
893,000
5,961,000
722,000
Tnal July 2, 1898t. 14,700.000
22.574.000
380,000
6,186.000
922,000
* includes stocks in private elevators at Milwaukee.
tStocks In private; elevators at Milwaukee not Included.
Note.— Beginning July 1, 1899, the New York Produce Exchange has changed
its Visible Supply Statement by Including stocks at New Orleans, Galveston,
Ft. William and Ft. Arthur (previously omitted) and leaving out Albany

June 28, 1901*.
June 80. 1900+
.

Oswego and Cincinnati, formerly Included.

Slockg.
1,100 Phoenix Silk Mfg. Co.,

& Son

Stocks.

100 N. J. Southern RR
$4 lot
60 Ninth National Bank
91
16 Merchants' Exch. Nat.

pref
$50 per share
100 Oonsol. Gas Oo. of N. J.. 14
500 Bay State Gas Co
H
11 Pneumatic Rolling Co..

$150 per

Bank

140*2

15 Nat. Bank of Commerce. 40
20 23d Ward Bank
146

sh.

70 City Water Co. of Newark, N. Y
$70 lot
154 Warren RR. Co
194

25 Manhattan Trust Co
434
9 Market & Fulton Nat.

Bonds.
clank
.264
$1,000 New Amsterdam Gas
Iron
33
Steamboat Co
4
Co. 1st 5s, 1948
107 7e
100 Napa Quicksilver Co., $7
$100 Freundechaft Society
each
$3 75 per sh.
1st 4s, 1928
$60
100 Ogalala Land & Cattle
$3,000 Peoria Water WorkB
Co
oonsol.
51 1g
Co. 1st
4s
$55 lot
700 Pneumatlo Fire Alarm
$300 Peoria Water Works Co.
Co., $5 eaoh
debenture 4s
$100 lot
14%
75 Durben Land & Cattle
$2,400 Securities Co. 4 per
Co
centreg'd oonsola
gO^O^
$2 lot
1 Memb. share Adirondack
$10,000 Pittsb. Shaw. & Nor.

League Club
RR. 1st 5s
$500
Messrs. Richard V. Harnett
Co.:

65

&

Stocks.

35 Produce Exoh. Safe Pep.

& Warehouse

Co.,

$50 each...$125 per

sh.

Sfttt&tug attd fftttcmcial.

800
"2.775

Spencer
664

19,195

New

378,2111

By

61,918
61,428

• Receipts do not lnolude grain passing: through
parts on through bills of lading.

768.680
392.453
115.400
h0 4*0
451.869

Quebec

/lour.
bbU.
69.478

buth.
87H 410

Norfolk
Kewo'rt News
62.720
Montreal
665,441

for

,

Flour,

Rttiipti

Corn,

Whtat.
Export! from- bn«fc.

5 Great Eastern Casualty
Co
.$95 per sh.
1,600

wk.'OO.

1

50.850

123,670

City.

wk.'B9.
Sine* Aut. 1.
1900- 190L...
1899-1900
1898-1899

62.325

122,400
12,536

29,875
47,850

. .

Tot.wk.lflOl

Same
Same

1,083,188

104,400

1,112,460

Minneapolis

Cleveland
St. Louis

1.085,040

6

[Vol. fiXXDI.

Auction Sales.—By Messrs. Adrian H. Muller
i

.

The exports from the several seaboard ports for the week
ending June 29, 1901, are shown in the annexed statement:

Total
Total

Breadstuffs Figures Brought from Page 42.—The
statements below are prepared by us from figures collected
by the New York Produce Exchange. The reoeipts at
Western lake and river ports for the week ending June 29,
and since Aug. 1, for each of the last three years have been:

:

,

4,200
91,493

27

&

Orleans for toreif n

as

1801.
10,777,476

1900.
10.633,237

1899.
10,116,275

1898.
9,448.146

03.836.238
83,8«i,106
43.171,188
2.909,679
1.898,656

48,507,418
80.397.491
35,589,328
6,729,731
1,425,563

50.746 013
88.229,929
40.030,727
2.020.089
8.557,518

64,54' .787
117,994 002
63,106.315

194,900,716

177.649,529

184,584,276

236,790 455

-

NEW YORK

INVESTMENT SECURITIES-

Members N. Y Stock Exchange.

Branch

Moffat

Office,

&

BANKERS,

No.

1

St.,

White,

Albany
Ja

...
NEW YORK
INVESTMENT SECURITIES.
Members New York Stock Exchange,

2.896.U8

67 State

Alexander M. White

Gkokge Barclay Moffat.

,

8,263.243

PINE STREET,

Co.,

Transact a general banking business; act as Fisca
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in

138,326
79,910

June 29 oompare

29

Trask &
BANKERS,

NASSAU STREET,

July

THE CHRONICLE.

1901.]

0,

75c. premium; Char
premium; New Orleans, bank, $1 00
premium;
Senium; oommi rcial, /oo. discount; Chios
Louis, par; Ban Franoisoo, 12 0. per $100 premium.

buying
buying

Itettfem'

Gja^jcttc,
IIIVIIM.MIS.

Name

Per

Company.

of

Knllrouds (Stenm).

Indiana Illinois

&

lHi J'ly

2 "a J'ly
2 Hi J'ly
l>a J'ly
Aug
2

W
Iowa (quar.)

Mine Mill A Schuylkill
Peoria
Rock Island
Texas Central, com
pref
do
do
V. rmont Valley of 1871

.

10 J'ly
6 J'ne 29
1

4 80
Prime bankers' sterling bills on London.
a 4 86
4 HI \
1'rtuie commercial
84
Coiiiim-iclul
4
94 8ft
'4
Dooumnutury
1'arls

bankers' (Franco)

A nisterdain

1

14

to
to
to

J'ly 34
J'ly 31

J'ne 28

to

J 'ne

1 J'ne 21
15 J'lv 6
16 J'ly o

to
to
to

J'ly 9
J'ly 15
J'ly IS

J'ly

1 Jiy
1 J'ly

16

J'ly
J'ly

5

1

1

Hixty Days

July 5

J'ly id
J'ly
1

to
to

l

Aug
Aug

2 "a J'ly
2 "a J'ly
2 "a J'ly
J'ly
3

A.-

30

15

Frankfortor Bremen
• Lees >x«.

(rttlclnn'ks)

Trao. pref. (quar.).

Market St., San Francisco (quar.)
New London (Conn.) St. Ry

1 '< J'ly

6
6

20

J'ly
J'ly
J'ly

N. Y. Security & Trust (quar.)
Fire Insurance.

5

Aug

1 J'ly

Commonweal tli

8

J'ly

6

Miscellaneous.
Bourbon Stock Yards (quar.)
Clatlin, H. B., com. (quar.)
Hartford City Gas Light
Milw. <fc Chicago Brew., Ltd., pref

2

New

Orleans City RR., pref

J'ne29

1

10 J'ly 1
20 Holders

to
to
to
of reo.

J'ly 10
J'ly
1
J'ly 10
J'ly 10

Banks.
Fifth National

New Amsterdam National
do

do

do

(quar.)
(extra)

Trust Companies.

J'ne 30.

1

1

1*2 J'ly
J'ly
4 J'ly

J'ne 27

1*4 J'ly
J'ly

J'ly

J'ly

2
2

Sep

1 34

Aug

to
to

J'ne 30
J'ly 15

of reo. J'ne

24

J'ly 25
16
to
Holders of reo. J'ly 5
J'ly 5
to
J'ly 10
Sep 15
Aug 21
to
Aug 7
J'ly 17
to

[J'ly

l

to

7

Holders

2VAug

Pittsburg Coal, pref. (quar.)
Reece Buttonhole Machine (quar.)
Standard Underground Cable (quar.)..
United States Steel Corp'n, com. (qu.)
pref. (qu.)
do
do
do
do

28

WALL. STREET. FRIDAY, JULY 5, 1901.-5 P. M.
The Money Market and Financial Situation.— Conditions in Wall Street this week have been in sharp contrast
with those which prevailed two months ago. During the
week ending May 4, the week just preceding the panic,
stock transactions averaged about 3,000,000 shares per day.
This week they averaged little more than one-tenth of that
amount, and on Tuesday were only 188,452 shares. No
doubt the extreme high temperature which has continued
with slight interruption for ten days or more has restricted
financial as well as other operations, but the chief cause of
the limited volume of business at the Stock Exchange has
been the sensitive condition of the money market. Two
banks in Buffalo have been closed by the Government
authorities this week, events which, coming so soon after
the failure of the Seventh National in this city and the
Pynchon National of Springfield, Mass., have added to the
feeling of caution which was noted as a feature of the situation last week. As a result of this feeling, which had been
heightened somewhat by the action of Stock Exchange officials in voting to close that institution from Wednesday
the 3d over to Monday the 8th, an unusually long period.
call- loan rates advanced to 25 per cent near the close on
Wednesday. It can hardly be said, however, that this rate
fairly illustrates the actual condition of the money market,
except in the matter of its sensitiveness, a feature that is
often of short duration.

The open market rates for cail loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 4 to 25 per cent. Wednesday's rates on call were 6 to 25
per cent. Prime commercial paper quoted at 3% to 4% per
cent.

The Bank of England weekly statement on Thursday
showed a decrease in bullion of £825,971 and the percentage of reserve to liabilities was 4296, against 49*50 last
week; the discount rate remains unchanged at 3 per cent.
The Bank of France shows a decrease of 8,700,000 francs in
gold and a decrease of 1,150,000 francs in silver.
The New York City Clearing- House banks in their statement of June 29 showed a decrease in the reserve held of
$992,700, and a surplus over the
required reserve of
$8,484.200, against $6,611,350 the previous
Differences

1901
June 29

1900
June 30

from
previous week

$
Capital

week

$

1899
July 1

72,222,700
88,430,400
808,468,500
23,124,700
888,249,300
166,079,600
72,242,100

$
68,922.700
77,653,300
780,884,000
13,583,500
905,127,800
182 100,100
68,090,400

$

Net deposits
Specie
Legal tenders

73,722,700
95,357,400
892.381,300
30,535,800
971,382,000
172,311,600
79,018,100

Reserve held
Legal reserve

251,329.700 Deo
242,845,500 Deo

2,865,550

238,921,700
222,062,325

240,556,500
220,281,950

8,484,200 Ino

1,872,850

10,859,375

14,274,560

Loans & discounts

Surplus reserve

Note.— Returns

of separate

—

Deo" l6,374,b00

Deo
351,700
Deo 11,402,200
Deo
985,300
Deo
7,400
992,700

banks appear on page

18.

Foreign Exchange. The market for foreign exchange has
been dull and weak on a limited demand for bills.
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 85>4@485>£; demand, 4 87}£@4 <v
cables, 4 88@4 88)4; prime commercial, sixty days, 4 84;'^@
4 85; documentary commercial, sixty days, 4 84^(24 8534;
4 85@4 85^; cotton for payment,
r'ain for payment,
84^(24 84i£; cotton for acceptance, 4 84%@4 85.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,

5 16'**

1

i

4U\

8

"»

95'ie

a

96" i «

I

aeie^
<b

40T 19

96\

106H to I09$tf, and $300 4s, ooup., 1925, at 189^. The
for ytarl/j range
following are the daily closing quotations
;

page following.
June
29

July

Periods

Q—Jan
Q—Jan

•107
107
108 \ •zl07

107
107

Interest

J'ly
J'ly
J'ly
J'ly

V •#5 40'«

40 a
95

884

at

1

10 J'uo29

60o.
9
2"a
2*3

United Traction (Pittsburg), pref

bankers

4

United States Bonds.— Sales of (Juvi-rnment bonds at the
Board include $10,000 2s, coup., at 108Ji; 11,000 8s, coup.,
see third

1

6 18

(guilders) bunkers

Street Railways.

Daytou& Western

wiling

fc.

Book* Closed.
(Days Inclusive.)

it;

ny

Haven

1-16 discount,
par, selling Lg

Posted ratei of leading bankers Follow:

When

Cent Payable

Atlantic Coast Lino Hi:., com
AiiKUHta A Savannah
Belt lilt. <Ss Stock Yds. Ind., com
Uo
pref. (qu.)
do
do
Burl. Cedar Rapids & ITortlieru
(extra)
<U.
do
Oo
Central RR of N. J. (quar.)
Detroit Hillsdale & S.

19

registered

2 a, 1930

ooupon
2s, 1930
2s, 1930 .ama-l.reglBteied
coupon
small
2s, 1930
registered
3s, 1918
coupon
3s, 1918
3s, 1918, smalLreglstered
coupon
3s, 1918, small
registered
4s, 1907
ooupon
4s, 1907
registered
4s, 1925
coupon
4s, 1925
registered
5s, 1904
ooupon
5s, 1904
•This

is

July

July
o

2

4

'107
'107

Q— Feb 08<!i •108»43 *a;108 108
Q— Feb •10834 •108 4 "108 4 108
Q— Feb
Q— Feb *i08>a •108V108 ? *1084
Q—Jan '"1121-j *112>? *112Hi:*112>9
Q—Jan *113»a zl2»a *112Hi *112»n
Q— Feb 1*139 139 •139 •139
Q— Feb •139 139 •139 •139
Q— Feb *108'4
108»4 -IOSS4 108*4
Q— Feb •108''., 108^4 * 108*4 •10834
-

July
6

1

3

:

>

4

<
Q

<

Hi

Hi

1

a

hi

O

«

•

the price bid at the morning board; no sale

was made.

—

State and Railroad Bonds. Sales of State bonds at the
Board are limited to $1,000 Virginia fund, debt 2-3s at 93J/£.
The most notable characteristic of the market for railway
bonds has been its dulness. Daily transactions were limited to about one-half the recent average, a large proportion
long list of bonds
of which were in low-priced issues.
sells ex-interest on July 1, and many issues not included in
such list, for reasons noted above, are lower than last week.
On the other hand, Central Pacific guaranteed 4s, Atchison
adjustment 4s, Burlington & Quincy new 4s when issued
and Chesapeake & Ohio general 4J^s closed fractionally
higher than last week. Declines are also generally limited
to fractions, and as the investment demand at the moment
classes of bonds had a tendency to
is practically nil, all
weakness.
Stock and Bond Sales.— The daily and weekly record of
stock and bond sales at the various stock Exchanges, formerly given on this page, has been transferred to a place by
It will be found to-day on page 26.
itself.
Railroad and Miscellaneous Stocks.— The stock market
has been unusually dull, narrow and featureless. Daily
transactions averaged only a trifle over 300,000 shares, and
with few exceptions prices at the close of the short week
were lower than at the opening. The most notable exceptions on the railway list were Illinois Central, New York
Chicago & St. Louis* and Minneapolis & St. Louis issues,
which advanced from 2}4 to 3 x/£ points. Lake Erie & Western also advanced sharply on limited transactions. Brooklyn Rapid Transit was relatively strong on current heavy
traffic.
Rock Island declined 3 points, and a long list of
active stocks closed from 1 to 2 points lower than last week.
The miscellaneous list supplied a large percentage of the
total business.
United States Steel, the conspicuous feature, was freely offered on the uncertain labor situation and
was decidedly weak after the expected dividend had been
declared. American Linseed Oil was quite exceptional in
an advance of over 4 points. General Electric advanced
nearly 4 points, but subsequently declined, and closed the
same as last week. American Sugar Refining and Tennessee Coal & Iron Railway were relatively steady.
Outside Market. The intense heat this week has had a
very quieting effect on the outside market, the same as on
the Stock Exchange. As a consequence prices on a number
of securities closed a little lower on Wednesday (.there being no dealings on Thursday and Friday) than on Friday
last.
A few issues show an advance in price, notably Consolidated Tobacco 4s, which rose from 69 to 70 4'. St. Louis
Transit stock advanced from 27't to J8 1 .;. and United Railways of St. Louis gained 1 point, from Sl 1 ^ to 82^. Denver
Gas stock, which was quoted at 34 J £(a 35] i last Friday, exhibits the greatest improvement, the demand having forced
the price up to 39};> on small transactions. American Can
was a little irregular, the common moving from 20 \, to
27% and closing at SO?./, while the preferred advanced from
75% to 77 and declined to 70. New York Transportation was
in fair demand between 13^ and 14, closing at the lower
price.
The suit to test the legality of the §10 assessment on
this stock was decided on Monday in favor of the company.
Seaboard Air Line issues were rather quiet; early in the
week the common sold at 30 and the preferred at 52
They close at 28 1 and ol^, respectively. American Locomotive stocks were admitted to the unlisted department of
>r comthe Exchange on Wednesday and sold at
mon and 88i£ for preferred, about the same prices as were
recorded on the curb the day before. New securities this
week are the bonds of the U." S. Steel corporation at 11
and the stock and bonds of the Maine Steamship Co., which
were quoted at 33(<£38 for the stock and 75 bid for the bonds.
The list of outside quotations will be found on page 99.

A

—

I

>

:

%

'

%

.

.

New York
Satvriim/

i/,.,

June 80

•l

July

Jul

1

ail

tdnetday
juh, :i

11

2

i)

11

.

Record, Daily, Weekly and Yearly
TWO PAGES

AND LOWEBT BALE PETCEB

///-.///>/

1

.

Exchange— Stock

Stock

occupi n*a
BTOOKB

.
.
.

.

'1

hiirsilm,
.liihl

hrlilai/

'

AX

1 1

'

(

n """ r

Sale»o/\

STOCK

Y11IIK

KX

July 3

I

STOCKS

NEW

shnrm

EC

.

On

//,,

iinnix

'""

'"'

/

Kangi for rm-Aout
V'nr 1 l'jDD)

'"'"

in

i,f

BighStt

l.oviesl

Jligheit

Kiiilroniln.

25
•65

25
60

26 "a
»B0

88% B9%
105% in;,;
107% L08%
94% '.M
82 % 82 aj
".H'»

llHI

;,
.i

',1

106%
*12G
*181

197
13:1

24%
*90%

184
25
03

80
*62

37%

•125
*184

'

I

•

'.M

8

"a

82*4

1

"a
1

104%

in;,',

79

79%
'

131

134

23%

52

*91

93
80

»30%

52
37 %

*70

74

80

202
15S'...

145
108

126
184

140
198

24%
40%

'ill's

23%

40

40 H,

12a

69
L60

-isi-i

48

46

44%
78%
197

70
166
1

79

Chicago

pref
fOhlcago din a Qnlncy.
Chloajgo -t (Cast's Illinois
I'd
prof

ChiciKo ilmil

Do
Do
Do

86
51

38
*71

37
73

200

155"" 155'

*125 140
85 200
S23,% 231-2
'

1

'1414
87 14

46

-00

14 % 14%

51% 5
22% °2%
1

I-'

108
*235
501-2

,,

108
237 %
5 OH

100% 101%
•39% 41
11

ll 1

"a

-..

20% 20%
43% 43 7
72% 73
57% 58%
,

59
*88

59 H.

74

Do

45

&

100

166

233%. 233%

185% 180

15

24

52

Denver* Eio Grande
Do pref

*11

11%
20%

11%
$19% 19%

42% 43%

42% 42%
71% 71%
57% 57%
58 Hi 61%

73

58
59

59%

185

40ia

58%

101-2

*88

94
ia

41

185%

186

94

180

*40% 42
11% 11%
20% 20%

a
W

42% 42 7
71% 721,
57% 57^
60% 62'

,

*88

$186

t>

O
H
o
o
CD
a
a
w
M

94

W

186

t-|

::&::
53 34 53%
70 '4 70 34
152 1543,

40% 40%
81% 82

*34

53ia *53
53%
76% 75% 75%
153% 153 153%
41% 42
40% 41
87
86% 871-2 84

53ia 54

76
152

53
76

76",,

154%

40% 42 ia
82

H
a

1521-2

871-2

*34

37

39

'34

10
40

00%

-118
*220

124
250
*74
77
11038111
125 125 Hs

28ia
*3ia

*105
106
112
25 34
72
31
03 %

01

122
250
77
109% 111

10
40
64
120
250
77

36ia

109%
123% 124% 123% 124%
173
1731-2 174
14 173%
*34% 30ia "35
301-2

93

*90

95

28%

28ia
'10ia

28%

174% 174%
*35
*91

*57
118
220
*74

*35
60
120
235
*74
109

41-2

105

.

100
111

100
112

*90
"28

11

28ia

106 3*

108
112 'a 112%

IOO1-2

112ia
25ia 2014
73ia 731-2

72 h

Do

& W., deb. ctf. A
deb.

ctf.

43
8
40
02% 63
119 119
235 250
77
77
109 109%
123% 124
173% 174
$43
8
*35

w
o
r<

M
a

B

Hocking Valley
Do pref
Illinois Central

owa Central
pref

>
Kl

Do pref. vot. tr. ctfs.
Keokuk* Des Moines...
Do pref

Lake
L.

& Western...

Erie

Do

pref

Shore

&

Mich. South'n

Long Island

&

Nashville...
Elevated...
etropolitan Street
Met. West Side El. (Chic.)
Do pref
Mexican Central
Mexican Nat'l tr. receipts
Michigan Central
Minneapolis * St. Louis.
Do pref
Minn. S. P.
S. S. Marie.
Do pref
Louisville

Manhattan

28%
10% 10%

*28

105
108

109%
112%113

31io

Mo. Kansas

Do

&
&

Texas

pref
Missouri Pacific

Mob.*0.,J.P.M*Co.rect.s
Morris* Essex

158 158%
30 34 36%

150ia
37

158%

75ia

82ia

Central & Hudson.
NY.
Y. Chic* St. Louis..

157% 158% 157% 158%
381-2 40%
39
39%

40

80

Do 1st pref
Do 2d pref

81%

New York & Harlem
N. Y. Lack. & Western.
N. Y. N. Haven * Hartf
N. Y. Ontario & Western.

219

37ia
52 14

217

220

37%

36% 37%

52ia

52

53

89%

89ia

*89% 90V
"96% 96%

'210

219

210

35% 36% 35% 30%
51% 51% *51
51%
*89
90% *89
91

*""" "97"

'.'.'.'.'.'.

"

09
'96
70

*

72
100
75

*68
•96
*71

*28

*28

"77

30
75
; 77"
85

30
75
85

*70

741-2

150% 151 34
150% 151

•

*68
*95

72
100

152%
151% 152%
1511-2

219

72
100
75

150% 151%
150i 4 150%
*28
*

*77

30
75
85

-08
*96
*71
150

*28
$80'

Norfolk

Do

"96%

Do

* Western

"ib'6

Do

1st pref

Do

treasurer's rects.

Pere Marquette

Do

pref

f

&

St. L.

Do

451-2

47

79

79%
50%

5014

UOO

45% 46%
79

79 h

55% 50%

pref
Reading, vot'g

40%
78% 79%

46
56

tr. ctfs..
1st pref. vot. tr. ctfs..
2d pref. vot'g tr. ctfs...

57

Rio Grande Western

Do

110

May
May

May

9 201)
.(an 21 2 5
1

30
14

J'm
Jan

45
29

3
1

Apr

01

148%
187%
150% J'ne

172-.)

A pr 1 195% Maj
J'ne 6 102 J in
15
April ill) Oct
201 April L72
Feb
Apr 10
67% Apr 15 26% Od
90 Apr!!' 55 J'ne
121 Apr20 103% J'm
248
175

Deo

;

08% Aug

'4

1

220

1"
I

Deo

122% Dec
120
175

Nov
Mar
Apr

7o

1

1

:

77% Jan 21 700 May 9
84% Jan 21 113% Mav 7
52 Feb 1 73 J'nel9
so Feb 25 98 Apr 20

86% Dec
91% Dec
Ma^ 02 Nov
82% Sep 90% Dec
57 Mav 69% Oct
45% Sep
67
40

Sep

63 Jan 8 75 J'nel3
32,870 137 May 9 101% Apr 22 124% Sep 149% Dec
8,880 149% Jne20 152% J*ne29 ""5"'"
J'nt 18" Dec
14% Jan 22 35 Mai-22
33% Jan 9 75 J'nels 20 Jan 35 Dec
30 72 Jan 2 86 J'nel7 55% Jan 73%Dec
57 Jan 30 so J'ne 7 49% Sep 80% Jan
88 Jan 4 105 May 7 78 J'ne 94 Jan
20,500 241-1 Jan 4 48% J'ne 3 15 Sep 20 Dee
10,800 05 May 9 80% J'nel7 49 Jan 71% Dec
12,440 38 Jan 3 59% Mav 1 23% Sep 39% Deo
05 Feb
85 Mar23 43% Jan 80 Dec
93 Feb 10 108 J'nel9 80 Jan 95% Dec

Peoria* Eastern

30
75
80

Pittsb. Cin. Chic.

40 14 40%
79
79 7
50 34 57 h

Ry

pref

Do 2d pref
Pennsylvania

150%

!

.('in

$208% Feb 27 217 J'ne24 }207% Sep 2215% Jan
24 Mav 9 40% May 1
18% J'ne 32% Dec
42 Jan 10 57 34 May 2 22% Jan 45 34 Dec
200 82 Feb 15 90% J'nel3 07 Jan 83 Dee,

Pacific Coast Co

71
101
75

Marl
8 56
.(an 21
40% J'ne 1
.(an 21.
Apr 2
Mav 9 iss May 6
Jan

81

9,200
2,600

adjustment, pref

Northern Pacific

ne2!

J

.

*216

94% Marl."

90% J

-

1

Mar
Aug

18

I

1

Dee

1

109

22% May 10 26% Mav 2
05 Jan 2 67% Feb 14 53% Mai 66 Dec
8% Dec
5% Sep
7% Jan 2s 11% Apr 22
550 40% May 9 57 May
30L. Jan 42% Dec
710 69% Jan 21 80 May 2 58 Jan 74% Dec
25,358 124 Mav 9 154% J'ne29 110 J'm 132% Dec
2,800 21 Jan 21 43% J'ne21
11% Jan 27% Dec
8,400 48 Jan 21 87% J'ly 1
39 Sep 58 Mar
21 Jan 8 41 J'nel5 10 Jan 25 Dec
50 13% Jan 4 25 Apr 30
Sep 17%Apr
7
20 35 Jan 4 49 Apr 30 27% Sep 43% Apr
100
3% May 6 Dec
5% Jan 3 10% Feb 13
24 Jan 2 36 Apr 4 14% Oct 23 Dec
2,500 39% Jan 21 68% Apr 19 20% Mai 52 Dec
200 108% Jan 21 130 Mar2S 83% Feb 115 Dec
$230 Apr 1 $240 J'ne2o 8197 Jan $240 Dec
410 67 Jan 3 82% J'ne22 47% Jan 89 May
11,250 76 Mav 9 111% J'nel7 68% Sep 89% Dec
11,950 83 Mav 9 131% Apr22 84 J'ne 110% Dec
3,426 150 May 9 17<
J'ne24 143% Sep 182 Feb
24% Jan 37 % Apr
27 Jan 9 37 J'ne
79% Jan 15 92 J'ne 5 76 Feb 84%Nov
1,100 12% Jan 21 30 May 2 10% Jan 17% Dec
200
5 Mar
2% Sep
3% Jan 24 15 Apr 10
107% Mar 4 107% Mar 4 2104 Jan 115 J'no
3,680 67% Jan 19 109% J'ne21
45% J'ne 71% Dec
1,700 101% Jan 7 11" J'neBO 87% J'ne 104% Nov
1,540 15 Mav 9 27% J'ne24
14 Sep 27 Apr
1,000 49 Apr P 78 J'ne25 47 Nov 69 Apr
1,400 15 Jan 21 35% Apr 20
9 Sep 17% Dec
720 37 May 9 08% Apr 19 25% Sep 47% Dec
10,230 69 Jan 4 124% J'nel4 38% Jan 72% Dec
78 May 9 83 Apr 13 35 J'ne 49 Dec
May
3191% Jan 8 197% Apr 9 J1S3% Jan
15,872 139% Jan 21 170 Mav 2 125% J'm 1453$ Dec
15,210 10 Mav 9 40% J'ly 2 11 J'nt
4% Dec
97 Mar 1 115 Mar22 75 J'ne 110 Dec
7,000 47 Mar 1 82 % J'ly 1
29 J'm 58% Dec
420 Apr 1 420 Apr 1 400 Ma> 420 J'ly
Feb 2 $130 Jan .135 Mar
$131% Jan 15 139

rights

Do

Michigan.,
ansas City So. vot. tr.

26
20% 20% 20
72
72
70% 70%
30% 31% 30% 30% *30
30%
64
04
01% 504% 64% 63
03
121% 121% 120% 121% 119 120% 0114% 115%

26%

C.stnip.

Great Northern, pref

Kanawha*

W

95

*10% 11

& Terre Haute..

Green B.

:;

23

M ay

'.1

pref

Worth&Den.

Do

36

$20% 20%
*5
*35
00 34

l

Do

.Ian

14

r,

Do pref
Erie
Do 1st pref
Do 2d pref
Evansv.

:;

1

Des Moines & Ft. Dodse.
Duluth So. Shore & Ail..

Ft.

11

91% Jan

16

Dec

I

West'n.

<fe

.Inn
.Ian

I"

Dec

42

I,

ells.

51

50

97% 97% $97% 97%
*

2dpf.vot.tr.

elaw. Lack.

M iiy

dm

Dec
118 Dec
37
Mar
30
Nov
Jan
7
14% Jan
27%
i
68 Jan 10 77 "a ,',
46 Jan 72 Apr
3,550
8% Dec
Sep
6% Jan 21 is Apr29
4,250 40 Jan 31 50% Apr 29
30 Sep 47% Mar
1,500 10% Jan
Apr 2'.
Sep 20% Mar
000 105 May
185% Apr
100%.Sep 134%1» e
020 188% Jan 3 244 Mav2s 171 %Sep 194% Dec
100 29% Jan 21 53 h Mav C 16% Jan 34% Dec
1,575 80 Jan 21 103% J'neH
04%J'm s7 Dec
200 18 Jan 30 45 J'ne 5 12 J in 21 Dec
300
5
Jan 9 12% J'no 5
4 J'n.
6% Mar
550 13% Jan 8 22 J'ne 5 12 J'ly •Jii T b Nov
42.49
Sep
Dee
May
9
J'ne
4
10%
45%
24%
24,810 59% Jan 21 73% J'ne29
03% Dec
3,705 39% Jan 4 61 Mar2
Sep 43% Dec
15
4,300 41 Jan 31 08 Apr 12 38% Oct
Mar
April
Jan
4
94 % Apr
81
95
74 Oct
17 Jan 18 86 Apr2(
12% Mai 20 Dec
1,018 107% May 9 208 Marl 5 144% J'n* 191% Dee

So., vot. 1rnst
1st pf. Y0t.tr. cf s.

Do
Do

*50

*49

J.-1

75
42
23

'.i

:;

'.'

Colorado*

52

Delaware* Hudson

41

711-2

52

168
237

1071-2

39%
20ia

14% 14%
*23% 24

'105
235ia *234

105
235

*97%"98%

•*88

94

74

01

91

168%

Do pref
Cleve. Chi. Chic.
St L.
Do pref
Cleve. Lorain & Wheel'g.
Do pref

99%
Jan 150%

52% May
24 J'n<
31
50 % Apr 31
Oct
82 "i Apr 3(i os', Not
199% Apr 80 119% Jan
136% Apr 29
138 Apr 18
26% Apr2Ji

LIS

Deo
125

-Ian

Mav

LOO 207
Mar 1
2,95 110% Jan 4
125
""10 ISO Mar 2
Mar29
l,95o 10% Jan 19
1.100 :;:: Jan 21
4,050 73 Mav
Jail 12

Chicago Tcrm'l Transfer.

87% 88
*

North Western

Sep
FeO

1

J 1M-2S-

Apr

90
'-

107

58%

&

23%

74

<fe

Apr

:;,

.(an

57\575 184
200 175

pref

Do prof
Chic. Kock lsl'<l
Pacific
Chic. St. P. Minn. & Dm.
Do pref

'

00
050

•j

& Louisv.
& .St. Paul.

Chicago

35

141-2

"ioVl

155
140
183

87%

52
23ia

r.,900

154
*130
§183
23
45
*

53

p. c.

VViiNli-rn..

debentures
pref. A"..
pref. "B"..

200

35

22% 24

c.

200

'

14% 16%
511-j

4

e.

Deo

89% Deo

15%
29
27
72 %

120% .Ian

Chic. Jmliiiiiap.
Do pref

•116% 119
35
74

4 p.
5 p.

Chicago iMihv.

'-2

*195

1

1

24%
90% 92

73

2,100
2,900
2,175

Do

14

197

51

660

Dec
Deo

25

:;

1

I

Alton

<ft

Mav
Hay

Bra

16

40% J'ly

.".

1

1

1%

1

1

Apr 22
Apr 22
J'm

88% Keb2s 07 J' he 81
o.s %
88% Apr 22 17
77 Mar 19 96 J 11.21
52
Mai
128% J'1,'2
lie
92
2,200 87 M.iv
7 % Mav 7
800 54 V .(an
78% April
1,300

aoada Sonthern

94

37'-.

18,801)

&

Cehtral Qf New Jersey...
'Ueeapeake & Ohio

is'.,

*84

Do pref. mm. tr. <ifs.
Brooklyn EtapldTransU
Buffalg Booh. <t I'ltt^b'g.
Di> pref
Ciinailiiiii Pacific

104% 104%

'1

1

87% 89

87 "a 89

% 98

'.)

1

173% 174% 173% JO
187 4 187
185% 189

174% 177',
187% 190
155%

1

26

•

*

198
131
134
24
93
80
63

37 '2
70

82%

I

20,200
8,100

Bull.

85

1

20 Feb 20 80
52 % M i.v : 84
4 2 '4 Jan 21
01
70 Muy
His
111'-.
8 h Jan

400
6816*50

1

pref
Ohio.vot.tr.ctf*.

I'm

1

100%

82

791,

'„

1971-2

197'-.

132

28% 24%

53
37 3„

".'

165"

48%

44%

80

1

96

iii.V"

48%

79
197
'126
130

IOO'i

104% 101

L66

48

I'M
11)7

129

Do pref
Ateh. Topeka a Banta

57%

81% 82%
P4% 86%

89 % 69%
10.,

•91

•_

1

Ann Arbor

I

',

87% 88%
III!
11 %

}05

90 ?,
•126
29

125

198

46

I

-

159',.

23*8

104
07'

.

:

88%

87%

1

:i|
1

j

1

.'.7

L07% LO8 1

8(5

*72
73
174T8 178
190 190
202 902
222 222

157%

in.;

'2

u"

89%

87%

9

•125 L29
in
106
09
70
100 l(i(i
48
19
46 4 45',
70
80

26
60

pref.

BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks

Banks

Bid

Ask

Bid

Banks

Ask

Bid

Banks

200
Irving
Leather Mfr. 200
500
900
Lincoln
Manhattan fl. 300
Market *Ful 1204
200
Mechanics'
Mech & TraT 115
Mercantile .. 270
Merch Exch. 140%
Merchants'.. 195
Metropolis *| 660
Mt Morristl. 190

Ask

Banks

\'Bid

Ask

Banks

MutualT...
Nassau]]

.Bid

Ask

185
Phenix
110
NEW YORK
270
195
500
City
270
PlazaH
CITY
Bid Ask Colonial ..
Xew Amster 1300 isoo Prod Exchll 160
430
New
York
1500
Co
Republic
American ... 510 530
Columbia n ..
275 300
N Y Nat Ex 180
320
AmerExch.. 200 275
Riverside^ .. 210
Commerce. ..
New York. 330 350 Seaboard
000
Astor
Corn ExchlJ.
450
German Am^ 125
19th Wardv 150
300
Domes Exch
280
Second
050
BoweryU
German Exll 325
Ninth
Seventh
East River..
t91
Broadway
325 370
Germania^f
500
North Amer 200
290
11th WardTT.
Shoe* Leth. 105 115
Butch's & Dr 115
130
Greenwich 1] 175
Oriental^... 185
Stale"
ISO 195
Fidelityl, ....
t
Central
450
Hamilton^ .. 160
Pacific^ .... 195
Fifth AvelL200
700
State of NTS 200
Hanover
675 700
Park
Fifth
000
03O
325 360
12 th WardTT. 110
Chatham
Hide & L'atli 150
People's^!... 250
3d Wardl .. U46
200
Chemical
4000 4100 First
Imp & Trad. 565
* Bid and asked prices; no sales were made on this day.
± Ex rights.
o Ex dividend and rights.
II State banks.
$ Less than 100 shares.
s Trust Co. certificates.
Stock "cornered" sales for cash " were made as high as 1000.
i Sale at Stock Exchange or at auction this week.
Citizens'

ii

. .

160
095 710
300
310
1406
400 425
100
140 150
150
225
3200
325
4500

UthStreetn. 165
Fourth
250
Gallatin
410
GansevoortU 145
Garfield
500

I

.

.

||

11

July

HIGHEST AND LOWEST

STOCKS
Saturday

Manila
July i

1 ',

i

Tuesday
July £

,/

Jim,
1

StOCk Record— Concluded— Page 2

6, 1901.]

78

47

47 K

78

82
69

'

7d

84%

84

66

BO

60

"'-'1

.

']._'

87

16H

4

12a

1

122

36

;n

2

87
90

90V

90

'

90

185
124«k

J178%

22

88%
91

2 5 Hi

•it,'

8

30

•41

101

140

17',

•82
21
47

120
-97
141
19 V

*215

113

10
32
40
207
60

10
32
48
209
60

•23
•77

98%

*8%

13

'-J

2(13

61%
7% 7%

59

*41

87%

1',

148% 144%

8%

•32
48
206
00
103

122
101
138% 138 Hi

,

215

19% 19%

19 H
S3

48
220

48

137
23 H
188

'

48

137

-

9"4

48

208%

60%
103
23 Hi

23

77% 77%
95% 90

96 7 9

86
•98
•15
44 Hi

80
101

8%

8 Hi

•33% 39
40

40

*85
98

87
101
20

16

19

45

-45

»100%102%
23

90

d43%143%
101

41%

>.

105
42

117%119H-

94
31 7

41

44

(

01

104

84
•88
'98

18%

101
19

17

*9

22
70
•31
79"8
•35 H.
•81

*6%
70
•32
17
•72'-

•88
14
79 V
21

%

11

*9

22%

21% 22%
70
76%
31% 31%

70 %
31Hl

79 't

"76

36 H=
83

•35%

*0%
69%

8
73
35

-32

17%

74
94

74
88

14%

13% 14%
79

79H
21 Hi

49% 49=t,
99% 99%
00>,

•145

•

2

79
22

00% 60%
4734 48%
98

99 Hi

05 %

05

150
93% 93

165

93%

•87

93

11

1

4

170

93%

-21

22
62

Nov

1

I

Deo

iloio

300
1,06:

2,125
1,000

350
300
200
1,400

120
300
100
300

i'

J'ne25
Apr 20

May

2

1

J in

1

new

pref

ii<

15
81

87%J'ly
100
22
40
LOS

65

96

AprlO|

22 % Dec

54% Apr
Jan

56% Deo
131% Jan
2

1

L83
201

Apr
Jan

Nov

40 4 Dec
95 Nov

98%J'no
81

J'ly

200
00

Dec

Nov
108 Nov
26% Nov
75 Nov
55% Dec
10% Jan
29% Dec
77% Dec

J'nt lo% Nov
79% J'n. 96 Feb
5 % Aug 28% Feb
88 Arm 100% Feb
32 '4 Oct
4
Mar'.'l
Nov
Mar21 69% Oct 70 % Nov
Apr 20 112 Sep 175 Nov

May

23

3

J'nel7

Marl4 25%J'nel2
Mayl6 93%J'nel3
r

Feb

to

1

Mm so Jan
Jan 100 Jan
6% Jan 18% May

2

Feb 28

1

,

2,900
1,300

12%Mav27

12%Jaii2-J

24

55% Jan 21

7% net

8% J'ne

J'nel7

69% May 9 82
210 18% Marl! 94

1,530

200

55

192,258 24
102,326 69
Jill'
Virginia-Carolina Chein..
65
Do pref
100 in;
<fc

Apr
May
May

8
9

J'lv

2

9

85

Aug

49

82

alon Tele'gph

Feb

70% Feb

1

Oct lot

49

13% J'ne
10

J'ne

25

I-.l.

Dec
Feb

77% Feb

56%
Mai
7

'.,

Jan

J'n.

19

79% Nov

J'ne 3

65

J'ne

Jan 2
Jan 2
\pr30

21

J'ly

Jan

74% Deo 104% Jan

l01%Apr30
72

Mar30

Apr 26 l24%Mar28
5130 Jan 11 'ado .I'll.ll 120
8*290 81 Jan 21 100% Mav 6

Co

10% Mar

17%()ct 26 Nov
Nov
59% J'nt 7
4% Mar 10% Jan

.1

1

im

t

7 JVIar2t>
b'.Yib

pref

W'ells, Fargo

')

Jan
114% Dec

i

prcf
United states Rubber
Ho pref
t'liit.d States steel
Do pref

65
04 Hi
118% 118 Hi *ii"6" 119
150 170
160 170
92% 93
92% 92%

J'ly

,

Do

05

Deo

Mai L18
Sep

'.I

.)

21%

95% Mai ]4o

2

"

62%
46% 48%
95% 98%

56% D.c
99 Nov

.Mar 7 107
A pr 1 587
.I'm- 8
84
r'nelO 128

Apr 1
Kul.bcidoodsMfg
28 -May 9 38% Mav 2
Do pref
100 77%J'ne26 90 Mav 2
Sloss-Sheffleld St. & Iron
100 19% Feb 6 41% Apr 2
Do pref
65% J an 22 80% Apr 8
Standard Hope & Twine
920
3% .Mar 6 8%J'nelS
Tenn. Coal, Iron & Kli... 28,025 49% Mar 7 76%J'nel8
Texas Pacific Land Trust
100 19 Jan 18 12 Apr 20
ooo 12 Apr 12 L9%J*nel7
Union Bag & Paper
Do pref
'nel7
276 (>-> Apr 11 75
d States Express...
558 Jan 20 loo Apr 19
mi.
4*276
states Leather
May 9 16% May 2

3%

Jan
Jan

34%J'n.
85 J'n.

Marl9 !42%Apr29 117 Ocl
Jan 18 25%J'nel7 11 %Jn.
168% Feb 10 189 May 7 158 .I'll.
187 Jan 18 238 Apr 15
104 Sep
38% Jan 4 71%J
21% Maj
Jan
2
93%
124 J'nelO 70 Mav
86% Mar29 92 Mav 1 89 Sep
8%J'uel8 10%J, nel8
30%J'nel8 33% J'ne25
40 J'ne28 101%J'nel9i 64 Ma)
183% Jan 10 269%J'ne24 120 Jan
45 Feb 16 66 Mav 2 44 Mav
93% Mar 5 100 Mav 2 92 De18%Mavl(l 28 Mar22 ll % Mai
09 Jan 21 si Mar25 58 Mar
54%Jan 2 100% May?]' 24 J 'in
.11
Jari 5
5% Feb
3% Aug
33 Apr 25 39%J*ne24
24 V Jan 22 42 Apr 10 28 Dec
74 Jan 24 84 Mar26 70. Dec
70
96

J in

.ni.

140

Dei

Jan

BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Ban Us
KEW YORK
CITY

Union

SqlT...

Varickli
"WashiiiL't ii'
West Sidefl..

Western
Yorkville'i

..

Banks
Hid
300
175
145

000
590
240

BROOKLYN
BedfordlJ.... 225

Ask

Bid,

Ask

8th Wardfl ..
5th Avenue: 100

85
110

300

First

Kings

180
Manulactrs'. 286
(

Mechanics^

.

Nat City
North Sldel

218

L40

100

300

NS'allaboutli

.

360
300

105

Trust Co's hid
C'IB'tyB&Tr 660

Ask

400 415
425
11 SO
Fifth Ave Ti 1000 uoo
luaiaiity Tr 700
l\ nick
ii'k'r 700
725

North Am.

(

olonial ...
'ontinental

1

arm Lo&Tr
i

M

CITY
Atlantic Tr..
N. Y.

anli.ittan

Mercantile

II

1.
A Tr
v Sec&Ti

Y

I

i.

Heal Est Tr't
StandardTr't

Bid

A fk

1000 1400
1300
1000
205
850
375

Tr Co of Am i
Union Trust 1390

Trust

Cos
Ask

lin

Han. ill. .n

—

.",

V SMtgATi 450
I'

900
320

M .i chains'
2 75
290
175
Broad \vay1\. 250
Met ropolitan 500
1!..\\ 1'gG)
190
Brooklyn^ .. 120
195 205
People's!]
<
* Bid and asked prices; no sales were made on this day.
t Ex rights.
i Less than 100 shares.
t Sale at Stock Exchange or at auction this week.
.

l'o"s

N
N

(

Trust Cos.

Trust

M.iit.'iiTrust

Central Tr'st 1900 2000
city Trust.
390
'

1

214%

cv- Tra"
270
Merchants'.. loo

Nassau

Ask

17th Ward"!. 125
•j 00
10
26th Wardri.

Spragne
I'nii.nll

•."

Mech

Bid

Banks
BROOKLYN

BROOKLYN

i,

1

J 'ne 3

Maris 21%Jan
Mar22 82%J'ly

.

J'ih

3

40 Jan
50
72 Hi Jan 3 84
600 135 May 16 L75
1,515 73% Feb 14 109 J'nels
700 30% May 9 47% Jan 29 25% j''ne 57 Nov
7,100 95% Jan 21 !20%J'ne21 81% Oct 111% Apr
200 90%Mar22 109 Mnv.'T 74 Jan
1
Jan
1,900 80 .Mar 7 52 Jan 2
Jan
32% Sep
820 72% Mar 6 89 Apr29 7o", Sep 89% Nov
150 195% Jan 21 217 Apr 1 170 J'n. 204
2 % Mar
200
1% Apr 22 .-.%Mav31
Hi Aug

Pullman Company

79

i-.ii

.i

!04%J'ne20
49%J'ne i

Jan

1,000
2,400

Quicksilver Mining
Do pref
Republic Iron & Steel..

l

Apr

Maj
Dec
2i
70 Dec
1
May 9 54% Apr 16 37%J'ni
Jail 18 228
Apr 15 140 Jan
8% Jan 19 14% Marl'.)
0'.,Jii(
3,000 41% Jan 21 !36%J'nel7
29% Sep

"600

Philadelphia Co

96

n.

.1

.lii.ll
Ol'-.J'lx
3

80
69

a

0O%J'll.

J*

8

Ii

Apr
Apr
Xov

100

8

tfar22

90
53
124
7 loo
9 144

•'<n

834
L050 99
137
2,400 13%
125 70
1,300 37
10 175

Vot
Not

,

in

Marl9
Aprl7
13,400 131% Jan 21
100 117% Jan 3

000
300

Do

ml

91% Jan

26
73

J).

j

lar 4
r.'-.la n 2
Jan 21
31
1 '• Feb 4
'lav 8
39% May 9
ss
Feb. 26

"iii'o

2*i¥6

Pressed Steel Car

11

89%

i

"ly 2
35 %. nel7

iprld
Jan 30

1

ni

\pr22
I

!'

National Lead

Do

.i

Apt

7

Jai

I

110
L500 14

pref
National Salt
Do pref

-60

47% 48%
97% 98%

Jan 19
'-Mar

Do

104

1

21

Jan 18
Jan 21
500
8% Jan 28
910 37 Jan 21
700 92 Jan 2

1)acific Mail
eop. Ga8-L.<fc C. (Chic.)

13%
78%

1,01(1

Laclede Gas (St. Lotus)
Do prcf
Manhattan Beach
National Biscuit
Do pref

North American

•85

93

13% 13%
78% 79
•21
02

pref

101Hil03

•9

i;7

4*il4
1,783

pref
International Power
Intel-national Silver
Do pref
Iuternat'l Steam Pump..
Do pref

21%
20% 21%
74% 76% 75
75%
31
31% "29% 30%
"75
•78
80
79%
79%
36% 35% 35 Hi *35% 36%
*80
83
•80% 84
84
8
7% 8
7% 7%
72 Hi
69% 70%
69% 71%
35
35
30% 80% •32
17
17
noHs 17%
17%
74
74
74
574% 74%

17%

•ou Hi 62%
*

«80

11

*9
21

1,686

200

C.Imp't

117% 118
104

10

.'

8% Apr23

«'

.lan-.'l

Do

44% 44% 44
44%
44% 44 H
44
44%
80% 86%
86% 86 \ 85% 80 Hi S86% 86%
•209 211
209% 209% 209 212
209 212
*3% 4 Hi
4% >4
4Hi
4%
4% 4%

26

49% Apr 17

J

Union Gas

Co.,

uc21

i

New York Air Brake

145
102% 102 Hi
41
41
117% 118

nt-J

19

International Paper

44% 44%

44% 44%
75% 76

'.'

8
.Ian 21 180

3

Do pref
Detroit City Gas
Distilling Co ot America.
1)>.
pref
Gas & Elec. of Bergen Co
General Electric
Glucose Sugar Refining..
1)..
pref

125

.1

40 J169 Jan 12 5205 Mar26
2,470
,lav 9 1 1% Mai 5

& Hock. Coal & Iron.
!ommeroial Cable
Consolidated Gas (N. Y.).
Continental Tobacco

90i.2

22

I

21
i:

5, 29(1

1

18%

Jan

.i

60% M
38 Mar2X

9

May
'o

n,

I

26

Jan

i

Col.

84
90
101

"90

90

Oil

C.itt<.ii

Colorado Fuel& Iron...

45% 45% x44% 44%
101 102%
102% 108
22% 22% 22% 23
90

prcf

l)riMiklyn

39 Hi

1

17

r*ne20

1 >nnis\v. Dockdfc

w
o
F
M
o

ios" ibs%
22% 22% 22% 23
•77
•77% 78
78
95%
94% 90% 96
< J4 9
*7% 9
>33% 40
-83% 39

103

'.IS

45%

31%

264% 265

87% 87%

90% 90%
44% 45
70% 76%

76>-

147 H.
105
42
118% 119

60%

39%

100% 102%
22% 22%

*44% 46

9%

9%

9%

32
32
44 Hj 44 Hi
265 266%

1

1

38% Jan

66
24,072

Foundrj

Car<ft

A nacnnda-Copper..

"118% 119

:;]

.lav

'

6
Q
W

I

Q
a

4

V.ian

2

95
I

21
8

23% Jan
1

601

1

Do

Maj
Jan
Jan

jiicf

an

;.

i

Do pref
American Tel'gh & Cable
American Tobacco
Do prcf
American Woolen
Do pref

o
o
w
M
b
w

"10% 11%
112%113%

11

1

3

M..\
Id

.

American Snuff
Do pret
American Sugar Helium^

t)

23',

38

70
144
104
•42

*118%119

b

5213% 213%

116% 110% 113

34

llicycle

w
o

120
•97

101

19

220

Ixpresa

30

Lpl

ran 21
April)

2*480

rican Jlalting
Do pref
Am. r. Smelt'g& Renn'fc.
I).,
pref
V in

30
58
103
is

87%
1 -1

Do

•69% 72
26% 28

138% 138 7

19%

119

Do

American

34%

47

'97

78

•34Hi

23
90

118

American

:;i

23
23% 23%
'184
184 188
222%223% 221%221% 222% 222% 221 222
118Hsll8Hi

A malgnmated Copper...
1

89%

•120% 121

137
23% 23% 22% 23
•184 188 •184 188

!>,.
2d pref
Wisconsin Cent v.tt
Do pret vot. tr. ctfs.
Miscellaneous.

',

-1

9
8

Jan

100

34

11

142'.,

••

1st pref

Do prcf
American District
A mericaa Kxjiress
American lcc
Do |.rcf
American Linseed
Do prof

S7'i
1

pref

Una

Do

91

u.

110
137

Do
\\ iir.

89

103

17

10%
28

1,359
3,500
6,800
1,000

Am.

's

2

1

98ii"2*0

31%

57
57%
108% 5103

1

Jan

is
Jan 21
67% Jan 21

100
200

pref

31 '8
89 '

82% 82% •79
48% 48% 48

48',

219

U Do

31',
91

Hi

29

20

117

P.ICIlic..

8IH1

6

KM

.

.

.11

89

7%

I

.11

.1.111

Ian

4,580

A \S \
pret rot. tr. otfa
Rapid Tra

69

26 H
68 Hi

57,

.

89

30

121
101

i

6%

190

Jan

lal.
.Mi.\

10

Do

190

1

500

u

7,00(1

Bo
Avenue (N.

..1

in,

17',

170
129

11(1

I

1

24
'4

•Jii

200
31S

Co

86

57

148% 144 Hi

»79

115

57

•17',

y

88

17% 17%

*

2

11-

n voting ii'. otfa
prcf. m.i. tr. ill.-,

hud

1

%

1

55 H
84

30

47

11

1

'.,

1

20%
24%

26
50

67% 58
103% 104 Hi

103-',

»85% 89
144%] 15%
120% 120%

*10%

20'.

66% 56 >a
7%

57 %

48
•215

32',

34" "39%

55

-07
140

128

42% 43%

195 208
M'.n Hi 191%
33 '4 31',
33', 34Hi

103

34

•40

2

Bouthwestei

in Pacific

'IVi

86
26
32% 82% "32" 32%

25 Hi
33
32

'

17"
186
122 Hi 123
'4

17.".

-124'.,
*

103%

1%

90

1

a

-4

32%

*7%

1

91

•32

34

"24%

Ii..

•-'

.

:

1

43 Hi

24 V) 28
40% 47 ij

:

SO'..

•99% 94%

55

»196

..in hi

1
1

11.

\

Adirondack

1st pref. v. ir. .-is
2d pri

st. l/i.ula

"

to

ti

1...

1

108% 109%

22 %

3J
•89

3

109H

93 Hi

1

prtst

...

'

.11 CtfH

ii

J

68
59 Hj

87
94

44

•4%

SI.

,

B8%

',

',

1

J.I

2.1
.

'122

I

'.

01

123 %

l8l

I

86
'84

iiVi" 11

•J

a O. IaL v.

...

1

16

82%
86%
44%

46
128

4

128
21

M

1...

>

1

I

J.

11,,
I

\

11

'4

n;

87%
'4

-.'I

86
•84

I.M

I

•88

68

82%
87 H

ivvi.Ki; H

\v

1'

St.

16%
83

34%
di...

33 v

i

86

e
:

87

STO<
xi

uriday

34

72

47

Ii-,',

84

09%

I,

Jul,/

:;

84
41)

70
07

It/

it

7

75%

76 Hi
78

'17.-.

J

88 Hi

4

dnetday

.

ri:h

I

i

75%
:;i %
'

11

.sAl.i:

21

nit

States

Washington

1075
320

Manufaot'rs.
.i

Peopli

Ii

11

B anks marked

with a paragraph

i'

j

axe stau banks.

J

New York

1

.

Exchange— "Bond

Stock

Record, Friday,

<MTITYI\<; HICK

BONDS

i

j a I,/

Ask Low

II

High

108

lor.

'i

lO.S'.j

1

coupon

139
139

10
1

109

'2

109

:

>4

are pr

.in.

class

A4

1906
1906
1920
1924

C4s

in

1

113%

Apr'01

96

97%

-l

l03%Mar'01

102

103%

125

125

125
109

1

ib's" Feb'bi

*.

*"9&""'.'.

J>

J
J

lS6%Mar'01
120 Mar'00

*136%....

ft.1995

Stamped
Equip tr series

h 1996
g 5s... 1902
St Iiouis 1st Us. .1915
Knox Nor 1st g 5s.. 1946

CMC &

A

Atl
&
Atlanta & Danv see South By
Atlanta & Yadk See South Ry
Austin & N
See Sou Pacific
Creek & S See Mich Cent
Bat
alt & Ohio prior 1 g 3 %s 1 2 5
Begistered
M925
Gold 4s
7il948
Begistered
M.948
Substoconv deb 4s
1911
!

>

974 Sale
104^8 Sale

Q-J

Nov

99

Nov

'

963.1

97%

97%

104
104%
103 34 J'ne'01
Sale
9i\
99
9r>
May'01
salt
96%
96 34

J-J

MS

•11534

J-D 106

Mny'Ol

108

,

1st

97%

90% J'ne'01

112

May'00

111
111

J'ne'99

118

119% 118
103

Apr '97
J'ne'01

100

Nov'99

i

'

123*4 J'ne'01

117

Nov'00

113%Dec'00

10534 Sale
109 111

19U8 J-J
1913
1913 M-S
Cent

105%

105 3

1093b

1093h

10634 Apr'01

.

1

1

Cent

of <Ja lilt 1st g

58-.»1945
1945
1946
1945

Registered
Consol gold 5s
Begistered
1st pref income g 5s
2dpre1 income g 5s
3d pref income g 5s

Ocl

^1945 Oct

& All Div 5s... 1<J47
Mobile Div 1st g 5s
1946
Centof N.T 1st consol 7s. .1902
General gold 5s
1987
Begistered
7U987
Am Dock& Imp gu 5s.. 1921
Mid Ga

93% J'ne'01

924.
101

7S
30

.

101%J'nc'01

.

120%Mar

Sale

107=8

321-2

18*4 Sale

M-N

103%

J-J
Q-J
J-J

132

133

01

108
Oct '00

79

7934

313j

32

95
102
106
108
132

J-J
J-J

-

96

103

07%
101

11.

101 U

Apr '99
m:

L03%

103% J

89

92% J

«a

91

1st s f g Os. .1912 A-O
1st Uen 8%js...1950 J-J
Begistered
19
Chic P.ur <t (i consol 7s... 1903 J -J

Sinking uml 5s
1901
Chic & Iowa Div 5s
1905
nver Div 48
1922
Illinois DiV 3>28
19 19
!!•
-lend
Iowa Div sink fund 5s.. 1919
Sinking f iiikU s
1919
Nebraska Extension 4s. 1927
Begistered
1927
Southwestern Div 4s
1921
Convertible 5s
1903
Deben t ure 5s
1913

1

A-O

FA

102%
105

:,

4

91

'4

'

86% Sale
100',

'

87 v

87%

i

...

.

1U0%.

Vpr'O]

...

1

100% 102%

Apr '06

F-A

102"

.1-J

102-\

A-O
A-O

1 15%.
105%.
110%.

MX

.

03 76 J

O

1

.

90

loj

111]'., J 'lie-Ill

>4

102%
1

,].i

105

M-N
M-S
M-S
112%
M-B
Man & StJOS COnSOl Os.,191 M-S 121%....
Chic& E 111 lstsf cur 68.1907 J-D 112%113^
Small
1907| J-D
1st consol g Os
193 A-O 137%.

nl

....
....

J'lie'iU

112»4 Api
lOOv.l 11.
194 May'01

...

110% J'ne'01

...

121

j'ne'01

115

Mav

j:;7

J'ne-01

114

114

104% 107

112',

109
121
118

..

04 'a

116

135*4 140

7 115
123
127
123
123
193
115 Aug'00
1937 M-N
120
120
"i
L25
Chic& Ind C By 1st 5s. 1936 J-J 120
Chicago & Erie See Erie
l'ne-01
126k
Chic In&Louisvref 6S...1947 J- J 122%.
114%
.114 110
110
Befundmg gold 5s
1947 J-J
117
2 95 101
117
Apr'01
Louisv
A <t Cli 1st 6s. 1910 J-J llT
108 10178 104 34 Chic Milwaukee & St Paul—
180 192%
180 Mav'01
102 104
& St P 1st 7s $gBD.1902 J-J 180
38 8G 34 9^
172% Apr '00
lst7s & gold B 11
1902 J-J *180
'01
•iso
190
190
95
Jan
94
lStC & M7s
1903 J-J
191
66 90
j'ne'01
Chic Mil & St Peon 7s.. 1905 J-J *180
l.V\
112%
115% J'n
Terminal gold 5s
1914 J110
20 110 114%
General g 4s series A..el989 J-J 110 Sale 110
105%Fi
Begistered
108 108
el9S9|Q-J
General g 3%8 series B.el9S9 J -J
Begistered
el9S9 J116% 116%
116% 121
Chic <fe L Su Div g 5s. ...192 J-J 116
il2l-\ Apr'01
122 34
ChicAMoBivDiv 5s.. .1926 J-J 118
94 95
-Vol
118 119
120
Chic& Pac Div6s
97 34
1910 J-J
1
3
U9 4 J'ne'01
119% 122
Chic& P Wlstg5s
95% 95%
1921 J-J 117 4
86 99 105
115 116%
115 Mi
Dak& GtSog5s
1916 J-J 114
6 101%104
134%
Far & Sou assu g 6s
J-J
1924
1211'- Apr'01
36 100% 110
126%
Hast
Div 1st 7s
1910 J-J 123
110%1I0%
lst5s
87% 91%
1910 J-J "11038.... 110% .V
•180
Apidl
188
185% 188
....
Exteu 1st 7s
190S J-J
19
157 8858 92
118 J'ne'01
LaCrosse <fe D 1st 5,s
1919 J-J 115%....
llll%110'rt
Mineral Point Div 5s
1910 J-J *110' 8 .... 110% May'01
90% 91
118 May'01
117%119%
So Minn Div 1st 6s
1910 J-J 116
117 117H;
|ll7%May'01
Southwest J )lv 1st 6s
1909 J-J 114%
119 120
119 May'01
Wis & Minn Div g5s.„. 1921 J-J 117
116 119%
116
116
Mil & No 1st
L 6s.. ..1910 J-D 115%
121% 122
l21%Mar'01
1st consol 6s
1913 J-D lis"!
139»4
Chic & N'west consol 7s. .1915 Q-F 142%14fi 142%
Il04"d J'm'Ol
104% 108
Gold 7s
1902 -D 104 34
3
'104 !
6 104 34l'^
104*4
Begistered
1902 J-D 104
17
10S%112
Extension 4s
108%
1886-1926 E-A 109
115 118%
Begistered
107 Mar'00
1886-1926 F-A
io9%ii'o"%
110 Apr'01
General gold 3%8
1987 M-N
103 Nov'98
Registered
pl9
ii3%ii634
Sinking fund 6s. ..1879-1929 A-O 115 117 116 J'ne'01
130 130%
111
Oct 00
Begistered
1879-1929
A-O
129 131
10R%110%
Sinking fund 6s. 1 879-1 929 A-O 109
108 34 J'ne'01
l0738Mayoi
Begis'tered
1879-1929, A-O
*109
108 110",
Debenture 5s
110 109
1909 M-N
Begistered
L08»a
109 10838Apr'01
1909 M-N *
104% 108%
116 117
Debenture 5s
1921 A-O 117 .... 117 J'ne'01
119%127%
3
Begistered
117 4Feb'98
1921, A-O
'122 J'ne'01
121%125%
Sinking fund deb 5s
1933 M-N 122%
123 May'01
122 123
Begistered
1933 M-N
DesMo&Minn Ist7s..l907 FA
105% 109
113 113
113 Jan (11
Milw& Madison 1st 6s. .1905 M-S ID)
107% 111
111 111
Ill J'ne-01
North Illinois 1st 5s
1910 M-S 111
106 34 108
111% 111%
Ott C F & St Paul 1st 58 1909]M-S IIOI4
111% 1]
Winona* St Pet 2d 7s.. 1907 M-N 119 34
!20%Nov'00
West 1st g6s 1921 M-N
135% 141%
Mil
.....113
Ext& Imp Bfund g5a 1929 F-A 127%
127%J'ne'0] ...
127-a
11:'•143 34 Apr'01 ...
Ashland l)iv 1st g 6s. .1925
95
92
143
Mich Div 1st g 6s
ISS'-i
142^ May'01
1924 J"Ki7'sl07 8
Convertible deb 5s
107%Feb'Ol
1907 F-A
96 103%
l
113
lll
Incomes
M-N
113
Apr'01
1911
4
119 120%
130% 131%
131 J'ne'01
Chic Bock Isl <fc Pac 6s. ..1917 J-J 128%
Begistered
1917 J-J 127%
132% 132%
20' 97%108 34
132% May'01
lOOSgllO
General gold 4s
1988 J-J 106% Sale 106% 10
Begistered
105% 108
:106 1 4J'ne01
1988 J-J
60
83
.

N

M

,

.

&D

I&D

1

20
8

Keok

cfc

96

1905 J-J

Des

1905 J-J

M 1st 5s.... 1923 A-O

!

96

1

'108

W-8 99%

99'sFeb'Ol
86% Aug'00
97 Dec'00
Ill J'ne'01

110%112%

Chic&StL 5eeAtchT*8aFe

Oct '00
Apr'01

116

1st 4s. ...1905 J-J

lSt2%S
Extension 4s

lOO^g 108
127 137%

J'ne'01

131% 130% J'ne'01'.
112%

DesM&FtD

3G%
21

J'ne'99
i.j

1

1

127
113

J'ne'0l|.

MISCELLANEOUS

latest bid

.

Ms

18m
Dec '99

18

J-J

Street Railway
Brooklyn Bap Tr g 5s
1945 A-O
Atl Av Bkhn imp g 5s..
J-J
BkCityl.stcon.'.s.
J-J
Bk Q Co A S con gu g 5s
M-N
Bklvn V11 El 1st g 4-5s.
F-A
Kings Co El 1st g4s....
F-A
Nassau Elec gu g 4s
J-J
By Bait LSI
J-D
Den (.'on Tr Co let g OS...
A-O
Dc:
j-.r
Met By Co 1st gu g Us.. 1911 J -.7
Louis By Co Isl eon g5s.. 1980 •T-J
Market St C By 1st g 6s.. 1913 J-J
Met St By gen col tr g 5s. 1997 P-A
Bway& 7th Av 1st c g 5s
J-D
Begistered
1943 J-D
Coldt 9th Av 1st gu g 5s. 1993 M-S
Begistered
1993 M-S

No price Friday;

oj

lot

101
106

LS&

•

F-A 119
F-A
M-N 108
M-N

pl945 Oct

Mac & Nor Div 1st g 5s. 1946

03

103

103

101

VS
Miss Riv B

-,.

I

J

.

10 34

los

ajir'01

.'

MS

i

May'01

104%J'ne'0]

.

& Shawn See
Carolina Cent See Sea o & Boan
Carthage & Ad See JJYC&H
Ced B a F & N See B c B & N
Cen Branch U P 1 st g 4s.
94S J-D
Central Ohio See Balti & Ohio
Cen BB & B of Ga col g 5s 937 M-N
Carb

107%

1949 \-0
1949 A-O

Be-

121

J'ne'01

Khz I.r-N & I! 8 gu g Os.. 1902 M-s
Chic&Alt RB 8 fund 6s.. 1903lM.fi

.

M&

1st 5s

118

128%...
131
126 129 V 129

1913 A-O

2d 5s
Begistered

121

.1

5s. 1906
col trust g 5s.. 1934

Canada South

120

M

W

E&No 1st

<fc

U9"a

MN
Ms

inding g 3s

,119

J'ne'01

3

J-D 104V
A-O 121
Begistered
1934 A-O
CBIF&NWlstgu5s.]921 A-O 113
St Listgug7s....]!>27 J-D

Con

99 34
96
96 34

117

1

95%

95 34 Sale

J-J
Q-J

See Erie
B <fe P gen g 5s. ..1937 M-S
Debenture 6s
1947 J-J
All & West 1st g 4s gu..l998 A-O
Cl& Man 1st gu g 5s
1943 J-J
Boch & Pitts 1st g 6s... 1921 F-A
C'onsol 1st g 6s
1922 J-D
Buffalo & Southwest See Erie
Buffalo & Susqu 1st g 5s. .1913 A-O

Begistered

7%

May'01

Boone Bridge <S'ee Mo K & T
Bklyn <fe Montauk See Long I
Brnns <fe West Sec Sav Fl <&

N Y & Erie

i'36%

Joo
104

01

113%U7

llo
118

A-O

1

1

NYC&H

Bur Cedar

ol91

oonsol g 6s
1939 M
lered
1939
General gold 4%s
1992
lered
1992 M- s
••
J-J
g Valley 1st
a Div J si con g4s..l989 J-J
2d consol g4s
1989 J-J
WarmSprval 1st g 6s.. 1941 M-S

General consol lstSs
Registered

Begistere<l
ft.1925 Q-J
Monon Biv 1st gu g 5s. .1919 F-A
Cen Ohio B 1st cg4%s.. 1930 M-S
Beech Creek See
Bellev
Car See Illinois Cent

Buffalo
Buffalo

I...

102

1

95%Mar'01
A-O i03%Sale 103% 104
Q-J 101 % Sale 101% 101%
107% Sale 107% 107%
PJun&MDivlstg3%sl925 M-N
88 34 J'ne'01
Begistered
Q-F
pld25
Souths Div 1st g3>2S... 1925 J-J
89 34 Sale
89% 9134

&

93%

'.j

W

.

96
96

c

M995 Nov

Begistered

i'3'5"

96 34 j'ne'oi
96 Feb'Ol
*"94%"96% 93%
93

1995 A-O

Adjustment g 4s

105

105

.1

AtckT& SFegeng4s...l995 A-O
Begistered

108

109%Feb*99

.1

J

i)

BaiVwav

Apr'01
May'01

108

105 3

J

] QM

1

.

N

M995

108% 109%

Aug'98
Oct '00

J

A

1920 -I J
IH12 M-n

;

Gold 6a

£..

.

1

10

4s

iv

.

1

Bee Huff It & P
See Cent of
J

Ann Arbor 1st g

11

the I asis of $5 to

Railroad
Alabama Cent See So By
laba M idl See Sav Fla & v,
Albany &Susq See Del <S Hud
Allegheny Valley See Pcnn BE

& West

I39«a

109

.

68 deferred certf s

Alleg

KiT-i,

105
ion

107
1 02 %
09
125
106*3.

3

J
Currency funding 4s
FDist of Columbia 3 05s
Louisiana new oonsol is. .1914 J

Small
Missouri funding.. ..IS'.i 1995
North Carolina oonsol 48.1910
Small
1919
Sa
So Carolina 4 %s 20-40
1983
Tenn new settlement 3s. .1913
Small
Virginia fund debt 2-3s.„199l
Registered

1

-:,-

6,
Sav list g 7s.. ..19361 J-J
iilnogCsHer A.. A

'I

Class B-6e

Am Dock & I m

14%

L37% 138%

109% Apr'01

107",a

1900 J-

to 5

Small
('laws

1

13<\

no

on

ices

1 12

May'01
Muy'01

state Becaridea

Alabama

1

lliv'lll
:;•.»'.!

06
hese

112%

r'ne'01
1

10S''4

1

112*% J

1094 110

1904 Q1904] Q'

Foreign GoTernment
8 of Mexloo a f g 6a at 1899JQ-

1 :; ',.

112',

:

register, d

HIS '-..J' lie 01

10*'*] 10

V

8 6s

u gen gu

wiiks 1^
guar

.t

A
12

I

V*

•

1

Charles

109

J'ne'01
j'ne'01

1

on ei

hi

'•

ini

Jsi

con small bonds. .1-1918 i{
u 8 4a registered
M007 <i
8 4s coupon
M007 Qii 8 4a registered

V Bosooupon

jn.yi.,

Mi.-,-'',

109

l"'.'

l.'s

Jul

High

a

(
'

108

Pi

J

Centra

Leb

Hi 105 '4

ii

/.

T7

BONDS

.:

108

h 2a consol coupon
dl930 <•
dl..<11930 <<
B 2a con
XT 8 2s oonsol coup small. dl930, cj
i:us o
D(l
fcl9l8 <icoupon
imall bonds. .M.918 y

"U

High

I

Weekly and Yearly

STOOB SCHANGB
Week Ending ji i.v s

i.e

107

V
V

•'

;

I.-

N. Y.

.

:i

Bid

Government

s.

.

s,

J.'nn

\

PA!.

Range

WeeJCi

Priet

STOOB i.\rn
Wbkk Ending 3

K. V.

JJ

)

137
116 34

Chic St
Chic St
Chic St

LA NO See
L Pitts See Penn
PM O c/>n 6S...1930
111

1

Ac

1

!o

<fc

ChStP & Minn

1st g 68

1 9 lb,

J-D

M-N

139
139

139 V
142

139

J'ne'01

122%121

123

J'ne'01

106
in

An

134^142
134

140ia

BONDS—Continued on Next Page.
Sn-ect IJailnay

108% J'ne'01 ....107

108

110
114
101

117
103

10%

93%

Sale
933.1

Jan

1 993 M-S
Begistered
iii" 115"
F-A
May'01
100% 105% MetWS El(Chic) lstg4s.
F-A
102 V 45 98
102% Mil El By& I. 30-yrg 5a

121%

94

055

88% 95

J'ne'00

109

Mar'98

121

3

11 9=4

122 % 124

Minn

By

J-J
St, Paul City Cab con g 5s. 195, J-J
1937 J-J
Guaranteed gold 5s
1937 J-J
Third Ave 1st gold 5s
2000 J-J
1st con guar 4s
Union El (Chici 1st g 5s. .1945 A-O
St

1st coti

c

ClucSt40-yrlstcur5s.l92S M-N
W40-year
..1936 M-N
consol gold

and asked

this

117% 122%
118%122-\

119-',

119% Dec
123

week,

J'ne-01

a

....!

121%123%

Electric Light
G L Co 1st g 5s. ..19471 J-D
ctfs s f g 5s. 1939 J -J
Gas
t»
Bos U
Bklyn V Gas 1st cob g 5s.l945|M-N

"ib'3 3^

j".;
1

114

1

11

110

111% Jan

122%i23% i25".J'ne'0i
101%
104%J'ne()l
.... 109% Dei
99

5s.

120S4
119

1

....

3

93 34

95

'99

110% Met St By— ( Co ntl nued
Lex Av & V V ltd gu g 5s 1993 M-S

llo.

111%112%
!

.

i23%i25%
104

105

Dec '97

Gas and

Atlanta
....

Due Jan

122% 126
d Due Apr

e

Due May pDueJ'ne

ft-DueJ'ly

91-% Oct '9s

IIS
118% 118
Due Aug » Due Nov

118
fc

3 115

119%

s Option sale

July

Bond KeCOrd— Continued— Page

1901.]

g,

BONDS

Wed in

1-

.i

i

si

a

•uicago

.

1

J

Bs...
runa K 4s... 1947
LstsfgBa I91t»

'i

1

ClncA West

1

phi

>v

Cm 11 & K
2d gold
cm DA

0O11801 s

C

SI

1

Clearfield

.".-

g

1

W

1

B1

d Mali

A m
I

114

KM

la

oonaol 6a.. 1920
1-

ild

m-n

CI cvn 1st

iv.

fcl936

Q

i-

g 58.. 1928

J

.1

km

1

.

.

S

-

100

May'01

II 4

6 1'lllU

Han

130

131

K!S

1

-.

J

KJS'oJ'm'ol

L32

98
05

Sain
67

971,,

,

:

s

L34

06

.,

100
73

129^ May'01
82*j
82

s.v.

83

89

Salo

MS

120'. t

1871-llKil
7s
1st consul guar 7s
1915
Registered
191C
1st 6a.. .1921
Lack A
Const met ion 5s
1923

A-O

PIG'S
KIP'*
13G's

ini]>rove4s
1928
Y 1st 7s.. 1906
Kiv
Hud 1st Pa
Del
78.1917
Registered
191
Stis 1st con gu 7s. 1900
Alb

M-N
A-O

A

A

1906
1906
1906

Registered

Guar

gold us

J-K

12 9'

107

86

85

85

89

89^

0-1

See C B & I P
DesM&Minu See Ch A N W
Des Moi Un By 1st g 5s. .1917
Det M A Tol See LS&MSo
Det & Mack 1st lien g 48.1995

120»4 Apr'01
loGVJ'nc'iM
lOlSgMay'Ol
138 Hi J'ne'01
140 Oct '98

J-J)

Pl.Ks.

J-J

PA

119

MS
MS

145

s7'--

115"8

A-O
A-O
A-O
A-O
M-N
M-N

Mil'.'-

1011-1(14
i:;s'-j

117"„1177s

112

1

1:.'..

17'-.

1

150

l.'n

116

117

UlHlll's

J'ne'01

L12

1

1

'.'

'j

1503,

Jan

151

102
109
Ill

101^

Sale

'01

151

151

102'4

100
108
107

IO41.2

111 J'ne'01
11212 111 1 * J'ne'01

111

M-N

105

108% 111

Peb'Ol

111

East 1st g 58.1941 M-N

112

Ehz Lex & B San See C A
Elm Cort & No See Leh & N Y
3dextgold4»os

192:i

1920
1928
1st consol gold 7s
1920
1st consul g fund 7s
1920
Erie 1st con g 4s prior.. 1996
PCM
Eegistered
1st consol gen lien g 48.. 1996
Registered
1996
Penn coll tr g 4s
95
BuffN
Erie 1st 7s. .1910
Buff & S \V gold Os
1908
Small
1908
Chic A Erie 1st gold 5s. 1982
Jeff BB lstgu g 5s....al909
Long Dock consol g 6s. .1935
Coal& lilt 1st cur g u 6s. 922
Dock& Imp 1st cur 6s. .1913
N V A Green L gu g 5s. 1940
Small
1940
Mid BE of J Istg6s.l910
N Y Sus & \V 1st ret 5s. 93
2d gold 4>28
193
General gold 5s
1940
Terminal 1st gold 5s. .1943
Begis §5,00(1 each. ..1943
Wilk A Ea 1st gu g 5s. 1942
I

YA

1

.

1

N

I

.

A

lea

Pitts

.Sec

Springe

121

85
110

9134
115 1*

M-S
A-O
J-K

M-S
M-S
J-J
J-J
J-J
J-J

115

112!2Apr'01

112^112^

HSVjJan'Ol

1181-21191

'J

120^121
lie.
118
12334 124

107

107
140

143>fl

I30I4

13.-.

F-A
J-K
J-J

90

9578

Sale

41

96

101 !4

82i.i

91

..

Eil

G

LNY 1st eun

Eq g A Fuel

Si

t

110

M-N 122
A-O
A-O 137
M-N Ill

191 8

A

951-2

9C.1-2

1

'-j

>

2

.

L&P

*

No price Friday;

ran
lOP-il'l.'e, L05

latest bid

'9*J

106

102

.1

US

Jan

'on

iiis's""".!

121

128

9o

101

J'ne'01

L02

'i

1-.

May'99
Apr '01

90

'lir'ol

102

102»4

12 113

115i2

91

KM "sOct'99
lOP'i

115

Nov'00

100

.

Sale

113»8

124
90

W

115
J

124

124

120

12919

Nov'98

127

127'4 J'ne'01

"98"

IOO 1* Nov'00

l'eli'01

105
105
124
101

IO714 Jan'01

IO7I4I0714

Ki'J'-jNov'oo
107 J'ne'01

105

12iP. 125

116

Sale

lnoi..

May'01

75
116

107

124 126>a
96 Kil
65
115 ^ 118

128

loni-2

75

'

llG'j

)

A-O

1st gold 3s.. 1950

09 b
70
63i4 Oct '00

69 !a Sale

A-O

1950 A-O

J-J
J-J

llO 1^.

119>2

117ia.

120

46

72 12

07

M-N
M-N
Ill

.1

N 1st gist pi

109

110

1151-2

HO^May'Ol

llO^HO

111 J'lle'lM
ill
Mar'01
112 J'lv'nn
109 >2 Oct '99
109 J'ne'01

109

'97'

i-.

"

1

I091-2

1113s
111

109

109

95" ioo"

96 1-2 J'ne'01

1945 M-S

Registered

E1C A

119i-2l24 18
119>2
117

1191-2

J'ne'01
llO'o.Tiie'Ol

A-O

Leu ValNYlstgu.g4i-2S.1940 J-J
Registered
1940 -J
Leli V Ter Ry 1st gu g 58. 1941 A-O
Registered
1941 A-O
Leh VCoal Co lstgu g 5s. 1933 J-J
Registered
1933 J -J
Leh & N Y 1st guar g4s. .1945 M-S

PM4 A-O

lis.

101 >8 Sep

1914 A-O

& Hud R .SVe Cent of N J
A "Wilkesb See Cent of N J
Leroy & Caney Val See Mo P
Long Kock See Erie
Lung Island 1st con g5s./il93

% J'ne'01

108
137

J'ne'01
J'ne'01

121
109

May'ol
Oct '98

112

11*1-2

m^Muvoi

110

117

I'-A

J-D

107
11"

123
IDS

140

121

121

Sale

Feli'Ol

111
94

107

Ion

106

115"2J'iie'Ol

1-2

1938 J-D
1922 M S
1932 J-l)
1949 M-S

gold 4s

ni tied

J

94

Debenture gold 5s
193 J -i>
Bklyn A Mont Istg6s..l91] M-8
i

\

I!

Gold 5s

ll.-,'-2ll5'-2

lOTHilll^

lll'sMay-Ol

MS

1911

N y B&M 1st con g5s L935
NYitltB 1st g 5a
1927
NorSh Hist eon ggu6sol932
Louisv A Nashv gen g 68.1930
Unified gold 4s

109

•122%

!

/(1931 Q-J

lsl5s

115 l-2ll8=e

117

94

M-N
M-N

Hi;
105
137

Istcousol gold 4s
General gold 4s
Ferry gold 4^3
Gold is
1"

F-A

'99

123
109 Sale
109
100 K>

Nov*97

65
L26
109

109

:

'.j

18

107

Branch 7s

K 11 A Nash
LOin A]

111

i

May'01

122 14l23

102
nc 01
Oct '00

28 101 105
102 ^ 105
97195

mi

lO'Jl-2

110

KM'i

100

loo
LOO

J-ne'ol

1071-2....

95

Feb'Ol

97
1

17--2

109
L08

no

(J-J

110

J-D
1937 M-N
1940 J-J

lis
118

96

...

1111-2

Jan '9!

107
L05

118

Mhv'oo
Dec'00

113

112

18<% J'ne'01

1

L13»a

"11. 'O!

lOP'i 10'."

101 a4

1

102

V.

miij

71

1

Cecilian

L28 1al26

J'ne'01

:

Sale

102

M-S

red
..19
Coll trust gold 5s
19
Coll trust 5-20 g4s. 1903-1918
1

O

22

1

Hoi

1st g

GS....PM

:o2

100 34
106
116

a

©I 118»s

-

113

113

llK'l

A-o

190

1

iid"

Apr'01

i

16"

1*1

i

N () A- M 1st gold
BONDS
-{'ontinucd
MISCELLANEOUS
011 Next

J

1261-2

130 34

t»a S e.
and Electric Light
X Y G E L II A P g 58.. .1948 J-D

114 1 .

1111-2

i

.,

<iiir<

lli!-2

giatered

Purchase money g 4s. ..1949 F-A

FA

.102

100

10234 102 34
102 Apr'01

Kd El

94

102

102

111

II8I2 Mar'01

118

1st

Gas A C

1181-2

107^

95
109

and asked

102%

1

.

.

1(161-2

119'-2

.11

1

19ii

ls1

'M-s
n

1

107

'.!

1904 -D
on (bid 68
1943 A-11
funding gold 5s
1947 M-S
Chi
1st *u g5a 1987
-J
cun g (1,1,1 ch i.si go e 5s. '36 J -D
l-'ch Lsi gu g 6a 1905 J-J
Bq
Mu Fuel Gas
19 17 m-n
Trenton G A 1:1 mt g6s.. 1949 M-S
Mtica K'La. P 1st st ir;.s m.Mi J..1
Westell, la.
,1 M-N
.-.I t]
i'.s

.1

12-l'-2l26i4

1261.1 J'ne'01

Sale

90
109

-Dee '00
109

8

107" iio"

this

week,

a

Duo Jan

d Due Apr

in

lin

e

(

'01 ....

K>5 >
I

""""""

,.

Due May h Due

J'ly

A;

Due Aug

I

....

1

1

J'ly

.1

OA

A-O
A-O 123
1

101
155

101 J'ne'01
185 ^ Apr '01

UM-S

i'

APG A

2d guar gold

J-D
J-K
F-A
A-O

com

onsol gold 5s

NTYAQE1 LA
mi. ison

EdElIlBknlstcong4s 19.19 J-J
LacGasLolStLlstg5s.el919 Q-B
fclut Puel Gas Co See Peop Gas

mi

iim;

',.

LAN

.

M-N 115
M-N
A-O
J-J

121

C Co

i.imA Eleo Berg Co c g 58.1949
Cen Eleo Co deb g 5a
1922
4irRapGLCo 1st g 5s. ..1915
K C Mo Gas Co 1st g 68.. .1982
Kings Co El
g 5s... 1937
Purchase money 6s
1997

107^^1071-2

Leh

113

J-J

g 5s. .1932 M-S

r G

in:,

Knoxville A Ohio See So Ry
1st g 5s. .1937
Lake Erie
1941
2d gold 5s
North Ohio 1st gu g 5s. .1945
L Sho A Micll S See N Y Cent
Lehigh Val (Pa) coll g 5.. 1997
Registered 5s
1997

J-J

g 6s. .1983 F-A

g 5s.

1151-2

'-2

Kansas Mid See St L & S P
K entuckv Cent See
Kook A Des Mo See C R I A P

<fc

1st

I

l07"aApr'01
"2 Apr '9»
1

1935
1st guar gold 5s
Iut& Great Nor 1st g6s. .1919
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s. .1938
Jefferson
See Erie.
See L S &
S
G
Mich See Tol & C
lax

Gold guar 5s

13C al3G

1301-2 130!«Ai)r'Ol

and Electric Light
ChGLAOCo See P G <& C Co
Columbus Gas 1st g 5s
1932 J-J
Con (ins Co .Sec P G
C Co
In troit City Gas g 5a
1923 J-J
Gas Co eun

\l>r'(M

10514:

StL Sou 1st gu g4fl....l93]
ml Dec cfc
1st g 5s
1935

'-.

951-2

lias

1

106 s*

Pi'-jMar'nn

1

;

Ed El HlBku See K Cue LA P
Ed E 111 See NY(i A E LH AP

'

,

Leli

1st consol 6s... 1921 J-J
1st general gold 5s
1942 A-o
Ml Vernon 1st gold 6s.. 1923 A-O
Sull Co Branch 1st g 58.1980 A-O

P.

115,3.

AW

112

•
122^2 120T8 Apr'Ol
116 Apr'01
123*4 Mar'01
107
2
107
1421s1423h 141 34 J'ne'01
136 141^ lSS^May'Ol
98^ Sale 97 34 101 17
>93i4M:u'99
88 14 Sale
90 io 200
8S

Penn Co

lsi

EyATH

I

Kan City Sou

(

1947 M-N
1919 .M-S

!

luy'01

. .

Registered

East of Minn SecStPMAM
ast Ten Va A Ga See So By

4th ext gold 5s
5th ext gold 4s

1041-2

;

BK
M
Kal AA& B
KCAMRABlstgug5s.l929
Kan C A Pacific See M K A T

112

W

Erie 1st ext gold 4s
2d ext gold 5s

Ki7

100',

1951

<

OS^Nov'OO
J-D 100 102
1995 J-D
91 Sale
Gold 4s
91
91
115i
Dul A; Iron Baugolst5s..l937 A-O
115 1* 115!4
4
Eegistered
1937 A-O
2d Gs
1916 J-J
DulBed
A S Istg5s...l928 J-J
92>4Feb'98
miaMoy'Ol
Dul So Shore & Atl g 5s..l937 J-J *112
<fc

99

IO714.

195]
1951

LA NO

'00

lll^

iiliail2^ lllio

:;'..

:

1181-jl L9>s

117.-Mav'01
147ijM»v'01
150 Peb'Ol
116 .Pne'Ol,
1^2 J'ne'99

...

V

io>a

1

1

119>-2

lOS^Oct

.107

1203.1 1231-.

Des Moi & Ft D

Elfpn Jul

99 hi Salo

1952
952
Registered
gold
is..
..1958
I.N
Tex
A
-Miid
1953
Cairo Bridge gold Lb.... 1950
L950
Registered
Louisville Dlv gold 3 ^8. 1953
Registered
1953
1921
M ldland Kiv reg 5s
st I.uuis Kiv gold 3s
195]
Eegistered
195]
Goltl3i.2S
195]
i.^tered
1951
Spring Div 1st g 31-2S... 1951
Registered
195]
Western Pines 1st g 4s. .1951
Registered
1951
I'.cllrv A Car 1st 6a
192S
Carb & Shaw 1st g 4s. 1 932
Chic St
g 5s. ..1951
1951
lt( red
Gold3i-2S
1951
Registered
1951
Memph Div 1st g4s... 1951
Registered
195]

87 *

78
77
83

13312

133>2
119*9

iie\

Registered
<fc Saratoga 1st 7s.l9'_'l
1921
Registered
Biv
Bit Bridge See Pa Kit
Del
Denv A R Grist coug 4s. 193G J-J
Consol gold 4>->s
19S6 J-J
Improve incut gold 5s. ..1928 J-D
Bio Gr So gu See Bio Gr So

Bens

\\

I

tered
gold 3s sterling
tered
Coil Trust gold 4s

W

N

S

1.

'

SI

1

Del Lack A Western 78...1907
Morris A Bases let 78...1914 M-N

Term &

See Bl

iii

Co

1st

A Pas Rivalstg 4s. 1943 A-O
A Gt Bo See CM A st p
Bab
alias A- Waco See M k A T

SyrBiuuct

ma

C

1st gold 31.2s

'Oi'

Conn

W

<fc

I

I

451-j

Sep

Ill

Col Midland 1st g 3-48.... 1947 J.J
1st gold -Is
1947 J-J
Colorado & sou 1st g 4s. ..1929 F-A
Coluin A Greenv See so Ry
Hock \ ul See liuA
Col Conn ct Term See

NY

reini

i

P< nil

See

I

W

Co

N

eN YC(
In.

.cli tr is L92I
Jo See C B a Q
onsatonio Se< N ^ N H
llockVal lstcuiisulgl'j
1999
Iteglsti red
& 11 V is" exl y 1- .1948
Tex See so Pac
Koust 1: <fi
oust .t 'J'cv: Cell See So
1st g 4s. .195]
j Llinole Central
1
1951
Registered

1

.

101

;.

Rap A
1

113»„ 115'

-

A

inn

HM

J

-No 1st gu g
ria Pacific

in

01

or

(.1

1

90

:

.M.iki
consol

id

1938 Q-J

Ki giatered
I'll

.I'm

llai-A

:

>

i

.V

100

A-

11

,oiiv a

1

Nov'99

<

1

W

CleV

"a

104

1

.

Lai

L02

lli

lulu a Kofi

,.

.I'm HI
Mi,v 99
.I'm '01

99
ioo
83

ioo"

mi I j-D
oonaol 7s
Consul sink linn! 7s.
9 I J-D
General oonaol gold 6a 193 j-.i
1934 J J
latered
1st pf 5s.. .(11938 Q.J
O lad A
A Bast Lai oou 4a.. .1940 A-O
L990 \|n
Inoome4a
CI Lor A Wh cun lsi o 5a 1933 A-O
Clev A Marietta .Sic 1'. im RB
ClevA Million Yni g Os. ..1938 J-J
.

1

J

CI
BloGr

A

W

Gal

10]

M-N

1930 Q-J

*

BegisU rod

Cm 8
00 04

U
':.l

<

Jan '03
Apr'01

'loiHj
102

-J

.1

.1

st

113

KM

KM

Sale

.1

1990 M N
Bpr<S Col inv !m g La.. 1940 \i-s
AV \v Val i'iv 1st g4s... 1940 -j
I

1

1

111

114

Sale

il

C

Ool '00

1:;

*

J-D

Dl> Latg 1- 1991
ool tr g 4a. .1990

.

102
1

I

See B B
J

11

.

I'.
1

1989

i'.

Land

1st

Gad

1-1

l)i\

...ii

1

'9!

i

3tL

Dlv]

1

ii.

1st
Pi

a

n

Mar'01

A-O

I

Cauo

A

.Ian 'no

mil m-n
StL

..

SeeCOG&

C

Ci <fi

sac

Cin

gu

1st

A Hid
luit

i

19

LOO

19:

-I'-js
1

I

-.1

.1

7s... 1905

I

L06

118>a
.l-D
11

v

I

'

M-N K>7

gold 6a
Weal Micll Kj

->

J

.1

m, i.,i

Ohio

140
130

.1

L919 A-o

-

\'||

I

nut

P M & i) (Condi
Not Wisconsin 1st 6s.. 1930

Clin- st
|>

K

J II!

!

i

MONK-

toe

STUCK Mil \\
B
Week ending

N. Y.

2

Due Oct

n.'iM
01

....
...

I

'l

o

J

07

a

i-j

Jan

-

Due Dec aOpn

107>J

8

—

J

BONDS
N. v
w

JulyS

ik Ending July B

M

(i X-

SI l.l'iv

1M gold 08

1021
L98C

2d gold 3a
iiuirkv 'mi gold

.1

MS
MS
MS
J.J
MS

i

IhI

i

N

l

.v.-

S.V N A In con go g
sink (iiml gold 6a

LA

Jeff

iiN a

BdgcCogu

68..

l'-"

Is

^

L036 I'-A
1910 A-O
;

'

MS

16*2

I

1

1

'm

1

1

I

AC

I

i

i

MS

102
lll'-j

1

.v.

Low

no

tiVOl

Ocl •on
J'ne'01

1

1

ik ending

v.i

s v

L9M

Oenl

1

21; '4

1

N

;

iii; 'i ii)2"
110*2 112
115
112

()K\M-

U

H2'-j

Snt

Mar'ol

LOO

100

.1

W

W

See Chic .v N
Mil.t North Be* I'll M A St 1
stP
See Cb M
Mil
si r
Minn* StL 1st gold 7s. .1927
1909
Iowa F.\ LSI gold 7s
Pacific Ex 1st gold (is... L921

Mad

*104 3 i 105'i LOB

105
117

iiiiiY.'.'.

South West Kx

1
1st consol gold BS.
1st and refund gold 4S..1949
N
Minn A St L go See

BCK*

87

87

87>2

Bale
25

25

36
25

90i%

tiov

'••

go's Sale

M S S M A A 1st g 4 int go 1926
M St P & S S M con g int gil'3S
t

sii,,i,

{,1990

lull
Boonev Bag Co gu g 78.1906
Dal <fe Wa 1st gu g 58...194C
K A T of T 1 st gug Ss.1942
Shersli A- So 1st gug 5s -1943
KmiU&Pac 1st g 48.. .1990
Tebo& Neosho Ist7s...l903
1942
E 1st gag 5s
1900
Missouri Paci lie 3(178
1920
1st consol gold Gs
Trust gold BS stamped. <il917
al9l7
Registered
1920
1st coll gold 5s
Registered
1920
1st ext gold 5s

M

MoK&

MS
J-

103

F-A

80*2

90

26

38'.i

18

27

82 U

91*8

88
23

86
25

25

1

See N Y C <fe 11
MonongaUela Riv See B & O
Mont Cent See
Morgan' 8 La & T See S P Co
Morris & Essex See Del L <fe
Chat & St List 7s. 1913 J-J
Nash consol
gold 5s
1st
1928 A-O
Jasper Branch 1st g 6s.. 1923 J-J
McM M
Al 1st 6s. .1917 J-J
T<fc P Branch 1st 6s. ...1917 J-J

119 122'-2
123*2 123 '2

123^ Apr '01
22 >a Feb '01

122*8122*2
116*2 HS -2
29 97 105

1

117 May'01
104 34 105

Sale

103^2 Apr

99

98

98^ Sale

98^

86 34 Sale
102 103

86 34

93

1

102
98

'01

Apr '01

98^

96*4

86 34
102^2 103
3
100 8 Nov'99
100 Mar'01
105 J'ne'01
10578 Apr'01
90 Apr'01

75
97

109*2 J'ne'01
114 J'ne'01
123 J4 123S8

107
114

103*s

98
99?8
87

106

6 119*2 125*2

108k

103

108*4
J'ne'01
J'ne'01
1173,

9178

93

110

100 100
106 107
113 115
114 119
114*2110

May'01

116*2 J'ne'01
92*2

117

108 ss 142 100*2109*2

107

100
107 109 107
116
115
116*2117*2 117

j.

110*4

95

84*4

96*4

106
83

110*4 J'ly '00

129
126
96

130

129*2

130
96
96

Jan

127*al32
130 130
87*2 9678
94*2 96
110 11(>34
100 101*2

'01

115*2119

J'ne'01
J'ne'01
115*2 J'ne'01

100*2

101*2Apr'Ol

W&

Debenture 5s

Lake

F-A

3 >a8...199£

J'ne'01

111

Dec '99

128
111

115

Dec '99

10458

iW^ 'iio'

N v&

J-l)

J-D

1998 F-A
90s F-A
Registered
1998 F-A
Creek
Beech
1st gug 4s. 1936 J-J
Registered
1936 J-J
2d gu gold 53
1936 J-J
Cart A Ad 1st gu g4s...l9Sl J-D
Clearfield Bitum Coal Corp—
1st sf int gug4sscr A 1940 J-J
1

Met T

&T

Un

1st s

f

5s.

g 5s

.

4 J'ne'01
107*2 J'ne'01
110 J'ne'01
109*2 May'01

96
111
106

110
116

X

W

95

NY

&R

&

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<fc

I

MX

off

No price Friday;

30
24

12'v 116*2

l!2'2ll5*a
108*2110*4
110*2 111
108*3 111 1*
117

Mar'01
Mar'01
J'ne'98

J'ly '98

100*2 102

;

1

.

102*2 1063,
102*2 10»V|

iay'Oi

.

Mar'01

118*2119

.:

l.!l >-..

.

127«b131%

127 h %
110 Mar'O)

112

110

latest bid

110

NOV'OI)

115VMuy-(l(.

120
125 '2 127 '-2 120'-.;
112
L13 Apr '99
112
no oci '00
Ill
107*2
li»7106's
106 J

2d gu g5s...i
g 58.1918
111'. gUg is. 1022

L

g 48.1937

1st

(Jri-cnw Lake
Har See
V

NY&
NT Lack A W N
N YLE& w See
N Y & N E Bee X
N YNH&Har 1st

.....1937
Bee

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"21

1

109*8

106
106

107

102

102

134

186

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C

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AA-

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I,

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V X HA

II

r«-u' Is 1003
Convert deb cert s $1,000
Small certs $100
Housatonic 1: con g 58. .1937
X H & Derby con g 5s.. L918
X
E 1st 7s
1005
IstOs
1005
X Y & North See X v C <ft H

102

]

202

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117*2

Y&N

111
110

N YO & Wref 1st g 48..f/1992

107

Apr'01

110

110

104*-

11 104

103

104 h

104*2 Sale

101*2Xov'98

>/1002

NY&Put SeeNYCAH

X Y & R B See Long Island
N Y S & W Bee Erie
N Y Tex A M See So Pac Co

Nor& South 1st »-5s
1041
Norf & West gen g 6s
L931
Improvein't A- ext g6s.. 1934
New River 1st g 6s
982
N & W Ry 1st con g 4s. 1996
Registered
1996
CC<& T 1st gu g 5s
1922
Scio V & N E 1 st gu g 48 1989
North Illinois See Chi & X W
Xorth Ohio See L Erie
W

112^2

110*2Mav'01

133
133

133

Prior lien ry & 1 gr g 4s. 1997
Registered
1997
General lien gold 3s
02047
Registered
«2047
C B & Q coll tr 4s See Gt Nor
St Paul-Dul Div g 4s
1006
Registered
1996
StP&
gen g Us.... 102:-!
Registered certific's..l923
StPaiil&Dul 1st 5s. ...1931
2(1 5s
1917
1st consol gold 4s
1968
Wash Cent 1st g 4s
1948
Nor Pac Ter Co 1st g 6s. .1933
Nor Ry Cal See So Pac
Nor Wis See St P
&O

104*4 Sale

132

110*4 112*2
Lie
132

]

J'ne'01
Lpr'01

132
134
102*8

!

131
17

l3;-i'4

104

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109
102

106

107*2

l"07i-2

102

102

107 '2 107*2
101*2 103*2

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Xorthern Pacific

& Mont

104
105

104*2
J'ne'01
72
723s J'ne'01

72 34 Sale

104 10G
104>2l05 78
69*2 73 78

:|

,

100

.100

723g

100

J'ne'01

131*2 Fell 01
132 J'ly'99
122*2
112 J'ne'01

131
121*2
112 114

131*2131*2
122*2 122*o

1

104
88
114*2

88 34
11

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i

t

102

111*2117
102 103

»

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J'ne'01

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109
100

1937
1901

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112

112*2J'ne'01

112

112*2

108

111

102

105

Dec'00

95
75

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Ore & Cal See So Pac Co
Ore Ry <fc Nav See TJn Pac
Ore RR <ft Nav See Un Pac
Ore Short Line See TJn Pac

.

Apr '00

.

116

101 Dec'00
116*4 May'01
110*4 J'ne'01
102 Xov'OS

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110 34 114*2

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o

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114

lit'.^Feb'Ol

99 sf 100*4

128

109 Apr'00
97 May'01
loOUAiir'Ol
130U Apr'01
130 Apr'01

L36 1*
128*4 136*8

106*4

Feb '01

106*4 106*4.

107

J'ne'01

96 34 108

7

99 34

136*4 136*2

on Next Page

Col Fuel Co gen gold 6s.. .1919 WIN
Col F & I Co gen 8 f g 58.. 1943 F-A

De Bardel C &
Gr Riv Coal

112

Nov'99

US

113

mills'
105*2109
111 110

107*2.T'uo'01
111 J'ne'01

&

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C

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t

TC

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A- 1

1st 2 6s..

1919 A-O

95
107
80
105

Clear C A 1 1st g 5a. 1926 J-D
L926 J-D
2d gold 5s
Pleas Val Coal lstgsf Bs.1928 J-J

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I

pur

111

.

.

02 1* J'ne'01
55 Nov'00

.

101 34 104

.

63

and asked

this

week,

a

Due Jan

e

Due May

Jan '97
May'97
May'97
Oct '00

J-D

A-O

106

Mav'Ol

111*2 112
105
Sale 103
32

J'ne'01

105

J-J

J-D
gu g 6s. 1910 F-A

De Bar C A 1 C !o
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1

"s

58.1946 M-N

10! 2
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T( 1111 CoalTluvlst g(5s. 01917
consol
1st
6s.. 1917
Birm Div
Co 1st gu g 6s. 1022
Call C

M

H

1909

117=8

.

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Coupons

.

..

1

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J'ne'01 ....128
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100*2May'01
100*2 Oct '00
109 Oct '99

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I ext 1st con g 6s. 1902 F-A

Col

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N

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5s./,

W

2307
1020 ?:}
191

1

1

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g 5s. ..1927

<-.\t

.

102*4 Jan '01
101% J'ne'01
102 34 Aug'99
3
97 *2 97 4 97*2
97 34
97*2 97 J'ne'01
95 34 Sale
95 34
95 34

Tel 'Co See Westn In
Y <feT J Tel gen g 5s. .1020 WIN
Xo estn Teleg Bee West Un
West Union col tr cur 5s. 1938 J-J
Fd and real est g 4*aS...1950 WIN
Mut Un Tel s fund 6s. ..1911 WIN
Northwestern Tel 7s
1904 J-J

.Mut

2

M

.

Blk

MISCELLANEOUS BONDS—Continued

r

i

Sink fund subsidy g 6s.. 1910
Penn Co gu 1st g 4*28
1921
106*2 108
Registered
1921
107 10778
Guar 3*28 coll trust reg.1937
109 110 34
CStL A- P 1st con g 58.1932
109*2 109*2
Registered
1932
1 04 c8 106*2
CI & P gen gu g 4*2S ser A '42
105 106 34
Series B
1942
Series C3*2S
1948
102*4 1 04 78
D3*2S
1950
Series
102*4 102*4
Pitts
gug
3
*2SB.
Erie&
1940
103%
1013s
1940
Series C
N<ft C Bdge gen gu g 4 *2-s 1945
95
99
con
gu
4
*2S—
94*2 97*2
g
1940
SeriesA
97*2
94
1942
Series B guar
96
97
1942
Series C guar
111 112*8
Series D 4s guar
1945
Scries E 3 *2 guar g
1940
Pitts Ft
& C 1st 7s. 19 1
1912
2d7s
/(1912
3d 7s

.101

Telegraph anil Teleplione
Coram Cable Co 1st g 4s.. 2397 Q-J
s

L12H
ill

1

2000
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.

st

1

108*2J'ue'01

125'.:.
1
10

1

107

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1

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104 34 J'ne'01
105*4 May'01
109*2 Sep '97
103*8 Apr'01

.M-S

Registered

Registered
Erie T A; T col tr g

BR

1940
Registered
L940
Hnr 1st gu g 3s. 1989
v,t Harlem g ;;'-.-. ..2000

7:

:;

110*.2 >l

180

&

1

Oswego <£; Rome See
O C F & St P See C & N
Coast Co 1st g 5s. ...1946 J-D 110*2 Sale 110*2 110*2
Pac
ac of Missouri See Mo Pac
103*2105 102 May'01
Panama 1st s fund g4*28.. 1917

107 3

M-S
M-S

M-N
M-N

g

.

A-O

J-J
1903 J-J
1997 J-J
1997 J-J

Mich Cent coll g 3*23

'2....

1

W

..1884-1904
Registered
1884-1 904
Regist deb 5s ot... 1889-1904
Debenture g 4s.. ..1890-1905
Registered
1890-1905
Debt certs ext g 4s
1 905
Registered
1905
Shore, coll

121
113*2.

L&N

of.

116

L906

General gold 5s

130
110

01

>-.

10:17

N Y Cent
SeeCCC&StL
Olnd&W
hio River RR 1st g 5s. 1936

130
114
113

v

..

1931
1931

I'tir;, ,V

Nor

120*2.

1

II

ill

NP

129*2

W

Registered
Gold mortgage 3 '«s
Registered

.,

Regis:$5,000 only

100
106
9934 1057e
87*2 91
99
96

StPM&M

New H & D SeeNYNH&ll
N J June RR See N Y Cent
New & Cin Bilge See Penn Co
N O & N E prior lien g 6s j?1915
N Y Bkln & Man Bch See L I
N YCent& HR 1st 7s.. .1903

10s

glstered

117* 2 147*2

Jlii/h

gncBs.1988

1st

1:

N Yifc Nortl,

147 12 Fcb'01
119 J'ne'01

145
119
127
120
119
105

Mohawk & Mai

See

1903
1903
1997

7s.

4s

-V

07

..2301

Registered

W

Nash Flor & Shef

AG

1

2d guards
1934
Mi
B v 1st g6s L918
Mich cent 1st consol 78.1902
1002
58
10O0

MnVOii

Lijio

(ice
iiar,/ 1

i

112
112

Million el
1st 5,
10::
Pitts McK<£ v Lsi guOa L982

:

J-D

.

!

A.

05

•

1st 7s

1

BWAOl

A-O 110 ...
115*2
M-N
M-N 123*2 Sale
M-S 108*2 Sale
M-S
F-A 108k.

R of Mo 1st ex g4s.l9:S8 F-A
2d extended gold 5s. .1938 J-J
St L Ir M& Sgen con g 5s
Gen con stamp gtd g 5s 1931
Unified & ret gold 4s. .1929 J-J
Registered
1929 J-J
Verdi V I &
1st g 5s. 192<1 M-S
Miss Riv Bridge SeeChic&Alt
Mob & Birm prior lien g 5s 1945 J-J
Mortgage gold 4s
1945 J-J
Mob Jack & K C 1st g 5s. 1946 J-l)
Mob & Ohio new gold 6s.. 1927 J-D
1st extension gold 6s..7tl927 Q-J
1938 M-S
General gold 4s
J P Morgan & Co ctfs
Montgom Div 1st g 5s. .1947 FA
St L & Cairo gu g 4s
1931 J-J
Ii

Registered
.Mon ,1- Tol

Km

(i.swe

M-N
WIN
M-N
M-S 105
J-D
F-A "90

Pac

'.

2d

sol

1

RAN

J-J

Lerov<fcCVALlstg5s 1926
I

',

red

:<

:

Registered

MinnVn SeeStPM&M
Mo ICan&Tex 1st g4S... 1990 J-D
gold Is

"a

22

209
45

I"

'4

\pr'0(i

S5
25
105

5sstpd48intgu 1936 J-J

1st

i

::i'i

op, lOCa

105'., 1(15
5

J

80*2
21

I

Mnv'01

11

.

tered...

N

J-D
J-D
A-O
g 78.1910 J-D
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.I'ni'Oi
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I

1993
is. 1916
it Lggu.. 2361

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,\

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con gu g

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100

99*4

gu

1:

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no

LOT'S J

10:11

June

Registered
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So

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onth

(

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11,
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r.'(i'4

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1

[Vol. LXXIII.

E

s

..1990 A-O
Register
Metropol El Lsi g G8....1908 J.J
Man s \V Colonlz - Bs ..1984 J-l>
McK'pl a i; \ S e N V Cent
Metropolitan El See Man Ry
Mes nit consol gold Is. 19j JJ'ly
lsi consol Income g :is a
J'ly
2d consol Income g 3s.
1917 A-o
Equip a: coll gold 5s
1919 A-O
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Mi-x Internal 1st con g4s. 1077
1927 J-D
Mi l Nut 1st gold 6s
M-S
2d InO lis A CD stni|id../il01
A 112
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ex North lsi Kohl 6s... .1910 J-D
1910 J-D
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See Erie
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Mil 1, 8<S
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I8H1
126'a

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l

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January

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since

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Price

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N

KeOOrd— Continued— Page

BOild

24

2

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103 *2

Feb'OO
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101

.

.

104
105

110
112

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104*2

.

Jan 00

&

Industrial
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Anicr Bicvcle s f dtben 5s 1919 M-S
1915 Q-F
Am Cot Oil ext 4*2S
g

Due J'ne h Due

J'ly

p Due Nov

75
*

Sale

Option

75
102
sale.

75
J'ne'01

75
99

82
102

JOLY

25

Bond Record— Concluded— Page 4

1901.]

ft,

BONDS
Wednesday

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J a i. ua ry

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Jul*/ 9

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1997 J-J
1991 J-J

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95 4
92
105 'a
81
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92-'„

97

&

1996
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1918
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Ala
1948
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1

1 33 4
116 Sale
106

116
119
102»2Oct '00

.

1933
Reduced tu gold 4%s..l933
Registered
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
193
Registered
193
E Minn 1st div Istg5s..l908
Registered
190s
Nor Div 1st gold 4s. .194*
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1 94 8
Minn Union 1st g 6s
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1st

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114's

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W

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198'
193'
193'

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J-J
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105

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82%

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188

139
139
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112

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110

112%

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oi

ii

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117

118

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1

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1

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119
109

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115

116
115

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116

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lay 01

I

:

110
109

Apr'01

118%.

L254
1244.

ln:;

15 1)1
.

119

.

i'10%

Nov'97

li'i'.'i

117

J'ly'OO

1 1

Mar'01

115%

116% May'01

115%116'|

112%

115

Mar'01

115

115

104
119
99
111
id;

Feb '01

104

104

llS'slS
103

Ry—

1905 M-S
2000 J-D

6s

LaDivBL lstg
Tol & O C 1st g 5s

</200(

Mar

1

J-J
J-J

1931
1935
WesteMi Div 1st g 5s... 1935
1935
General gold 5s
Kan& M lstgu g 4s. ...1990
5s

A-O
J-D
A-O

gold 4s. ...1917 J-J

1124
1114
105%
94

85

108 :u7
106 106
106 '-110

con g 5s 1928 -D
& Del
U Registered
Pac RR& lgr g4s..l947IJ-J
1947 J-J

140

1911 M-N
Ore Ry <fe Nav 1st s f g 6s 1909 J J
Ore Ry <fc Nav con g 48.1946 J -D
Ore Short Line 1st g lis. 1922 F-A
1st consul g 5s
1946 3 J
Non-emu inc A 5s
/ili)4li Sep
Utah & Nor 1st 7s
1T>08 J-J
Gold 5s
19261 J- J
V ni N J RR & C Co See Pa RR
Utah Central £<>e Rio Gr Wea

1st

later

J

11

lien

convert 4s

.

132

m"

122'

104

104

96
94

91%
84%

90
Sale

108
105

Sale

85

100 J'ne'Ol
108%J'ne'01
104% 105

106% J'ne'Ol
10%
110% Sale
2%
1 1

1

110

107

102% 103% 1021-2
128% Sale 128%

1194 Sale

1104 111
114% 1174
115% 11S%

"oi

J'ne'Ol
J'ne'Ol
J'ne'Ol

117

Apr'01
103
LI

(!

4

113

'01

Mar'01

& North See Un Pacific
& Black R See N Y Cent
Val 1 ml
\V See Mo P
Ver
irginia Mid See South Rv
1st
gold 5s
1989 M-N US'" Sale 118% 1184
Wabash
111 J'ne'Ol
2d gold 5s
1939 F-A 1124
98
98
Debenture series A
984100
1939 J -J
07'

99
94

92%
85=3

100
los 4
107

106%
129

110

4 105 '4
126% ISO
102

13 115
106
117
113

84

1171-2.1'neOl

!

108%

103
95
86
88
29 73
98
107
186 104%
104
103
110

1294
Jan

106

100

90

May'01
J'ne'Ol
J'ne'Ol

llll'.'.j.l'lleli:

'1

115% 1204

119

115% Jan

92

89%

123

94 8«

82

'01

121

106
119
113

<fc

86

Dec. '99
Feb '01
Feb 01

94

106 %
87 Jan '01
ll^J'ne'Ol

94

'1

Series B
Det& Ch Ext

1 939, J
J
1st g5s.. 1941 J-J
Des Moin Div lstg 4s. .19:19 J-J
St Chas Bridge 1st g 0s.l90S|A-O

1064109%
s7

87

914 91%

Wash Cent
Wash O &
West

cen

-

J-J

W

99 J« Sale
93 Sale

94

W 1st gu g 56.. ..1941

Lent Pac 1st ret' gu g 4s 194!
103 Sale
Registered
194: l-'-A'
Mort guar gold 3>-s. fcl92! J-D
87% Sale
Registered
fcl 929 J-D
.

99> a
93

93 '4
Nov'99

11!

J'ne'Ol

102%

108

96
110

124

99% J'ne'00
874
87%

33

1011

68%

103
89'-

\\

J-J

5s..

&

lid'

WU A

1

!

401

J'ne'Ol

96% May'01
112
11

9%

99 4100

96%

no

110

122

J'ne'Ol

120
95
31

4

111

98 4
112

'.):>

J'ne'Ol

114
102

70

40

110

L

00% J'ne'Ol
Mar'01

40

.

Fast .See Erie
Sioux F Sec st P M

likes

65

Sale

95% 101 '4 Wheel's* L E 1st g 58...1926 A-O 115
Wheel Div 1st gold 5S..1928 J-J lin
95^
83
Extcnit Imp gold 5a. ..1930 F-A 111%
1st consul 4s
93% Sale
1949 M-S
96 111

99%

85

65
llOH!
'4

120%

117
ins
::

Nor Pae

See Southern
WSee
Pa lstg
1937

N Y&

gold 3-4s
1943 A-O
Income 5s
dl943 Nov
West No Car See South Rv
West shore See N Y Cent
Va Cent P 1st g 6s. 191 J-J

Sil

fc]

Pacific

TolStL<fcWprlieng3%8.1925 J-J
1925 A-O
50-year gold 4s
1204 Tor Ham <fc Buff lstg 4s. 7tl946 J-D

104 34Feb'9S

2-5 vear coll tr g44s
1901
G old 4s (Cent Pac coll) .A;1941

•

L07

1164116%

L26%Jan'00

192(

Registered

&

TolP& Wist

Car Cent 1st con g 4s... 1949
Slier Shr & So See M K & T

SpOca& G SeeSavFifcW
Sod Bay & So 1st g 5s
1924
So Car & G a See Southern
Southern Pacific Co—

%

1

1

L08

im"

.
.

113 34ll6'..
lit;

Apr '97

122

f1

Ill

II.

llah

J-J

W

N

110%1! 1%

Utica

J-J

gu g 4a.. 1918 J-J

L&

-See

-

120

117'i

1(17%

77 \

01
01

1

!

4-58.1921

1st gold 5s
2d gold inc 5s

1st.

W lstgu g4s..m:;s M-N
J-J
c;

N Ala

Texas

98 34
80

Sec So Pac Co
S
1st sink f g 5s. 1919
1st gold 6s. ...1931
1st gold 5s
1934
St Jolin'sDiv 1st g 4s.. .1934
Ala Mid 1st gu gold 5s.. 192s

&

<fe

E Div lstg

SAAAP

SilSpOcaA

,j

.

1936 M-N
1936 M-N
4s.. 1924 F-A
1st con g 6s. .1914 J-J

W
W
WestNC

1

11

01

4 Jan
106% Apr
1

un;',
IOS'4

113

'ni

1

W

M

Bruns

-J

Ms
1926 MS
1931 ms

Mid serD
K 5s

Jan

4 Ma

1

1

1

J'ue'00

A-O 107 H
A-O
A-O
A-O

A-O
A-O

J.J
.1

1st gold 5s
lien g 5s

.

112% S

.25

1

95

ll'„ Spok Falls <fc Nor 1st g 6s. 1939 J-J
L144 Stat lsl Ry 1st gu g4%s.. 1943 J-D
127% 1864 Snub & Lew See Penn RR
s vra Bing & N Y See D L &
112% 119
nheoo & N See M K & T
1 er A of St L 1st g 4%s..l939 A-O
1894-1944 F-A
91% 102
1st con gold 5s
St L M Bge Ter gu g 5s. 1930 A-O
96 loo
So
Pac
Co
102»4
Tex
&
N
See
97
O
lll-'-l

May'01
Apr'01

100

.

LOO 4

Lie"

1956 M N
193s M-S
1938 M-s
Registered
1922 J.
GaPao Rv 1st g6a
Knox <fe Ohio 1st g 6s. 1925
1915 J.
Rich it Dan eon g (i.s
Equip sink tuna g 5s.. 1909 M S
1927, All
Deb 5s stamped
Rich & Meek 1st g 4s. ..194s M-N
So Car & Ga 1st g 5s.... 1919, M N

Con

91'.,

J'ne'Ol

s~^,
88 14
l4J'ni 0]

Bale

E Ten reor

911'i

137
L25

ci

HI

102'i J'ne'Ol

.

1214.

SavF&W

g4-44-5a 1996 J-J

1st

Cm

92

10.->"

112

UVJ'lie'lll

100
100

.

Registered
1st guar guld 5s
Registered
] 93'
\Vill& S F 1st gold 5S..193S J-D
Registered
1938 J-D
St P & Nor Pac See Nor Pae
St P & S'x City See C St P
&()
s FoPre8<fe Pli 1st g 5s... 194'2 M-S

F&NP

.1

Guar stamped
1st cy gu
O&

Ill's

Soutliw Div lstg 5s.. 194^ A-O
193 J-D
Kansas Mid 1st g 4s
St Louis So See Illinois Cent
1st
bd
ctfs.1989
St L S
M-N
g 4s
2d g 4s inc bond etfs. .pl989 J-J
Gray'8PtTerlstgug5s 1947 J-D
St Paul & Dul See Nor Pacific
St Paul M & Man 2d 6s. ..1909 A-O
1st consul gold 6s
1933 J-J

Div

Series
Series P 5a
General 5s

1144

RR

92%J'u<

1

89% 98

J'ne'Ol

M-N

KA

J

JJ

Mem

93 '4

8BJ

92%

i)7

1st trust gold us
O 1st g 6s. ..1919
gold 4s. .1996 J-J
F
Cent Div 1st gold 48.. 1929 A-O
NorthwDiv 1st g 4a. .1930 A-O

Pierce C
St L A- S

111'.,.!

MS

121

98410334

1 03
03
96 .I'lle'Ol
7
88 a8ep '00
105 Feh'01

S2"s

J
.1

.

100%

92

1

1900 M-N
1981 J-J
1931 J-J
198 A-O

190(5

.

19 10
Col& Green v 1st (is
1. T Va&Ua Div g 58. 1980

StLMBr SeeTERAolStI
'2d

it

iiioio

924 99

113%
11041 11 -x

18%.

1

1(17

lsi g6a ..
1908 A (1
L903 A O
g lis series 1!
gOaai ri< BO«ft l» 1906 A O
lstglishei ies K.t P. 1912 A o
1912 A 11
1st gold 6a
1st eon guar g 5a .. 193' M-N
1905 193 M-N
Stamped
S Pae of N Mis 1st g6a. 1911 J J
1937
s r Coast 1st gu g4s
L905 V A
Tox<fe N O lsl 7s
Sabine Div 1st g Oe.... 91 2
19 13
Con gold 5s
Southern— 1st con g 5s
L994IJ-J
mil 1, j
.1

"a

L06

113

B Pol cal

M

2d gold 6s Class C
General gold 6s

no

1938

2

1

KiT

1004

5a. 19

98
1

)ii(i»4

190'

i.s

A l'ass lsi gug4a 1943
80 Pol Argn 1st g6ael909 m

N Y Cenl

2d g 6s CI A. 1901: SIN

llo

lo7

1374 138

mo "

00 "s May'01

121 4 Mai 01
99
96°a

Us

,

•

Quaranti etl gold B
a Cal lsi guar g

&
J-J
2d gold 6a
1996 A-O
St L & Cairo See Mob <fc Ohu
St L & Iron Mount See
P
St L K C <fc N See Wabash
StL& S Fran

i

1

IT*, .Iii. (H

1

.

Ml7'«

1

,i..i

JJ

l'ere Mara
s f 6s.. mi:!

alt LakeC 1st g
si Jo<fi Gr lsl 1st go is., mi"
St Law
Adirou 1st g 58.1996

'I

1st
lsi

Nov'97

"a

122

I933[M-N
1937

91

I

'4

5a I033IM N

112

On
sA

1334

U R&P

.See

H

133'^

107'- O.i '9s

1940

Rome Wat & Og
<fe

J'llcOl

II

137

*

M

1924

II111K

113%
1117

Iiiii'i

.191 2

1

'oi

12

I

99

i

Sag Tus

...

Jan

Oct 'oo
Keiroi

1948 J-J
1917 J-J

Registered
Ken sselaer & Bar .See U <& H.
Blob A Dan See South Ry
Kieh & Meek .See Southern
RioGr West 1st g4s
1989 J-J
otisol and col trust 4s .1949 A-O
Utah Cent 1st gu g 4a.al91 A-O
Rio Gr June 1st gu g 5s... 1939
1940
Riogr So 1st gold 4a
Roclt

'00

101
127

1114

w

A ill See lvim Co
Pitta Ft
19
J-J
Pitta June lsi gold 6a
Pitts <fc L Brie 2d g 6s. . .al 928 A.-0
YCen
a
y
SeeJH
McKeea
Pitta
Pitta P«S l'' 1st gold 5a. ..1916 J-J
L E lsi g 5a. ..1940 A O
Pitta

:•

6a Hit guar

Niinl Cal 1st gu g
:!::>..

i

KA

sua
w
MA

U2>a

si

N
N

ml guar .1921
Moigan's La Jt T 1st 7i .1918
.1920
st gold lis
a M.
gul t| La 1912
\ \

I

1

Guaranteed

117" Mu>

117

61923 M N
PereMaru ka P m gOa 1920 \ O
1939 M-N
1st oonaol gold 5a
1M Huron Div ~l g 5a 1989 A-O
8agToa4 li Lai gu -; 18.1981
Pine Creek reg guar 6s.. 1932 J-D
PittsCin a si 1. Bee rum Co
Pitta Cl< \ a Tol isi g 6a .1922 A-O

1st oonaol gold ."is
«si 1st g 4a
Pitta <£
CO i. ills...
J P
Pitta V A Ash 1st con 5s.
Co gen g Is

H2

1

iainl

.

-.

1

oiisol a
1,. p gOW
1

oi

T

6a redeemable

1

1

gug 5s

W

M

l'.'.U

-

High

115

118
105

1

1921

-

n a

112% Mar'00

MS

1

a Nash

i

CCCi

lsl g

i

i.

S:s\f,

lO'J

.1

gug

1st

-I

I

••

Hous K A

V

1"

-

'•_••*

F

llllt)

2d gold 7~
M,
A fa.

J
190B
Consul Sterling g 8a
C(,n currency 6a reg... 01905 Q m
1919
Oonaol gold 5a
i»1919 o U
Registered
19 i:: M N
Consul gold la
AUcg Val gen gu g 48...1942 M s
.1935
M -N
lsl
Mar
gug
CI A
1) R B B<fi Bge La1 gu isg '86 t'-A
J
Or B<£ ex 1m gu g 4a L941
J
sun A Lewis 1m g 4a. L93G
1

Bid

P

11

1

May'97

'

113
lid
L13
112

s,

122

1004
40

J'ne'Ol

11341134
1174
114

Mav'Ol

111',

116%

J'ne'Ol

112
89

112

Mar'01

93%

93'

88

91%

89% 91V 89

J'ne'Ol

'•'.

<fe

Mi

W

<ft

Winona & St P See C & N
Wis Cent 50-yr 1st gen 4s. 1949

J- i

SS

Sale

IS-

85% 92 4

MISCELLANEOUS BONDS—Concluded.
IHnmifacturinK A Industrial
Am Hide & L 1st s f g 6s. .1919 M-S

Am Spirits Mlg 1st g 6s.. 1915 M-S
Am Thread 1st col tr 4s. ..1919 J-J

Miscellaneous
94 4
79

96

90
79

96
J'ne'Ol

904 964 Bkln Ferry Co 1st Cong 5s 1948 F-A
liklu Wit W 11 1st 5s trills
784 85
....
1

Bar<fc S Car Co 1st g (is. ..1942 J -J
Gramercy Sug 1st gold 6s. 19231 A-O
100
111 Steel Co deb 5s
1910 J-J
Non-conv deben 5s
191 3 A-O
Int Paper Co 1st con g 6a 1 9 1 s F-A *1094 no's
Knio Ice (Chic) 1st g 5s. .1928 A-O
98
Nat Starch Mfg Co 1st gOs 1920 M-N *103
Skg fund deb 5s
1925' J J
Stan Rope& T 1st g 6s... 1946 F-A
62 Sale
Income gold 5s
1940
Sale
U S LeathCosfdebg6s..l913 M-N 1129% 1144
.

-

105

Jan

'i III

99% Apr '01
Jan '99
lO04J'ne'01
Aug'00

96

J'ne'Ol

62

9%

111
.Mav'Ol

63%
104

'

No price Friday:

latest bid

104

100
56 105

111

107 110
96
92
40 4 72»
12
6

1134115

104% 104% J'ne'Ol

1044109

and asked. aDtu'.J^n bUucFidi

CO] g 5s.

Mar'01
324J'ne'01

1015 J-J

Del M A- M Id gr 3'-.s BA.191 A-O
Hack Wat Rem- 1st g 5a.. 1926 3 -.1
Hend B Co 1st s f a 6a
1931 M-S
1004 Hoboken L <fc I gold 5s...191om N

Miscellaneous

Adams Ex col tr g 4s
1948 M-S
Am Dk A- 1 nip 5s ^geCentNJ

Yard

.

91%

15

68

78

...

ill

ill

29 4 35

4

100

Apr'01

114

hie Jciv St

1

90

99

110
93
107

71
Ill

.

dnusAni

LIS

Xov'99

90

Oct '99

101

Feb'97

mm

Iron Steamboat 1st (is
J-J
.Mad Sq Garden 1st g5a..l919M-N
Man Boh 11 <£ 1. gen a La.. 1940 m-im
Newport News Snip Building*
Dry Dock us
(J1990 J-J
N Y & Out Land 1st g 6s.. 1910 F-A
St L Ter Cupples Stai'n&PropI
Co lstg 44s 5-20 year. .1917 J-D
S Yuba Wat Co con g 6s.. 192:! J J
Sp Val Wat Works 1st 6s. 1906,

Vermont Mar

obiuXu

MS

1184 J'ly'OO

let 8 f 5s... 19101

UiuU'ls tDue Aaie nDue

Sen.

»Due Nov aDue Dec

«

Option sale

—

.

5

.

!

THE CHRONICLE.

26

Volume

<.a- Securities
[ndlanapolli ..i
toclc 60
Utl
.M-N

Exchanges

of Business at Stock

[Vol. LXXI1I.
Bid
70

17

\

{101

<

li:i

•

J.I

..loo
6l 1922

8102

Laclede Q
sik
Lafayette rnd)
LSI 6i 1924
Logansport a- Wan Val
it 8l
L926
J-D
>n(WlB) Gas—

ending

.1 III

•!

Railroad

.1

lWtl
Saturday

Shares

Monday
188,462
381,876

590,000
1,712,000

91.100
H< l.l

""b'66

L08

i

brough Mfg

$11,500

$1,000

January 1

1900

to

July 5
1900

1901

1,280,374
1,217,258
176,974.699
$118,934,300 $121,000 150 $17,211,492,175
$118,475
Bank shares, par..

67,198,817
103,812
$70,750

Stocks—No. shares
Par value

WINDS
Government bonds

6,282,000

2,105,400
641,728,650

$5,034,510
1,331,900
286,340,300

$0,294,500

$4,948,800

$645,055,820

$292,706,710

State bonds
BB. and mis. bonds

Total bonds...

16,451,

$9,900
58,000
4,880,900

$11,500
1,000

$1,221, 77tt

DAILY TBANSACTIONS AT THE BOSTON AND PHILADELPHIA

EXCHANGES
July 5
1901

Listed
shares

Unlisted
shares

19,141
34,501
52,899
27,818

7,658
7,057
5,564
2,498

Saturday

Monday
Tuesday

Wednesday

Philadelphia

Boston

Week ending

.

Bond
$G,000
41.650
20,900
79,500

Thursday
Friday
Total.

134,359

Listed
shares

sales

22,777

1st 6a 1926

MX

l.QJ

.100
5s 1948
r-D
N' «
6 C
S«< B
Ind Con Xai A 111 100
1st 6s L926
J-It
Provide nee Qas
50
St Joseph (Mo) Gas—
5s 1937
J-J
St Paul Gas stock.. ..100
General 5s 1944... M-s

15,096
18,800
12,469
14,084

.HO LI
.HO LI

DAY ....
DAY ....

148,050

61,055

Bond

Unlisted
stmres

sales

$15,000
60,300
61,000
121,600

7,139
10,196
4,607
4,786

Syracuse Gas stock.. loo
1st 5s 1946
J-J
Western Gas Mil w). 100
5s See
Stock Exch

NY

$257,900

Outside Securities
For Weekly Review of Outside Market See 7th Page Preceding.

Bid

NEW YORK

CITY
Bleeck St & Fnl F stk 100
lstmort4s 1950.. ..J-J

lstmort 5s 1904... J-D
J-J
2dniort 5s 1914
Con 5s 1943 See Stock
1st
1924
Surf
5s
gu
B'way
2d 5s int as rental 1905
Cent'l Crosstownstk.100
M-N
IstM 6s 1922
Cen PkN&E Riv stk 100
J-D
Consol 7s 1902
Chiist'r* 10th St stk 100
Col& 9th Ave os See Stock
Dry D E B & Bat stk 100

250

Exch

list

8114
5104
255
8125

116
105

175

Exch

list

120

125
118
103

1st gold 5s 1932. ..J-D 115
F-A 101
Scrip 5s 1914
Eighth Avenue stock 100 400
Scrip 6s 1914
F-A 105
42d & Gr St Ferry stk 100 398
42d St
& St Ave 100 05.
lstmort 6s 1910... M-S 113
2d income Gs 1915.. J-J
99
Lex Av & Pav F 5s See St k Exc

M

102

102
110

130
220
106
185

208
104

N

Indianapolis St Ry S*te
J C Hob & Paterson. .100
4sgNovl 1949... M-N
Lake St (Chic) El stk. 100
Deb 5s 1928
J-J
Louisv St By 5s 1930 J<fe J
Lynn* Bos 1st 5s '24. J-D
Minneap St By 5s See Stk
Orleans City By 100
Preferred
100
North Chic Str stock.100
1st 5s 1906-16
J-J
North Jersey St stocklOO
M-N
4s 1948
Pat Ry con 6s 1931.. J-D
2d.6s 1914
A-O

36

34
100
245
101
108

B'way & 7thAvestk.l00

Street Railways

Ask

New

Ask

sid
Phila

20
8

109

400
70

list

23

81 3

82*2

lS^

13 ?8

4

103
ill 8

l

10

Exch
26
101

list

28

8

lor,

N

New York* Queens Elec
Light & Power Co.. 100

Preferred
100
Rholsl Elec Protec ColOO
Storey General Elec 10
United Electric of J100
4s 1929
Unit Elee Lt & Po Co.. 60

200*a'

Brooklyn Ferry stocklOO

25

26

80*2

81*2

1911. J-J
Con 5s 1948 See Stock
Metropolitan Ferry 5s...

NY&BlstOs

NY* E R Ferry stk. 100

MX
N Y & Hoboken stk.
1st 5s 1922

100

HobFy 1st 5s 1940 M-N

98*2
19*2
58*2
28*4

Con 5s 1940

J-D

New York * New Jersey
1st 5s 1946
J-J
10th & 23d Sts Ferry 100

t

24
46
94

90
60

95
53

list

WP4M5s

. .

I

86*4

87V

N

15
45

Empire

4*2
3£

95*2

Steel

ion
LOO

l 7e

60
97
110
120

1

55
121

17*a

47
10*3

General Carriagi
100
ral Chemical
loo
Preferred
Gorham Mfg Co com. On
Preferred
100
Havana Commercial. 100
Preferred
100

124

85

18

»h

Hkr-.Joncs.Jew'l Mill.pfd
1st pref erred
2d preferred

1

6

40
2

66
101

46*2

95

lsf6s 1922
M-8
Herring- Hall-Marvin loo

125
118
n rfst
n list
126 *g
175
115
85

10*2

48
55
100

-)

30

im

45

5

100

Hoboken Land& ImplOO 110

.MX
58 1910
International Elevat.lOO
Internal PowCo pref 100
Internat'l Pump See Stk
Internafl Silver -S'eeStk
J.H
110
68 1948
6*2 Iron Steamboat
25
John B Stetson com.. loo
Preferred
100
Lanston Monotype

170
12

L06

110
150

Exch
Exch

96

94
t

list
list

2 34

2

125
118

20

t

13 "8

Lawyers Mort fnsur. Inn 185

NY
NY
NY

/

.!

.

i

Price per share.

00
ion
100
1

Preferred
Empire State Sugar. .loo
1st Os 1916
J-J

Preferred

list

101

80

NY

N

t

Preferred

116
110
71

96

13-9
195
Stock Exclr Lawyers' Surety
100 110
Stock Exch, Lawvers' Title Ins. ..ion 300
120
11
Eonllard (P)pref....
8
7*2 10
t
1*2
2
Madison So Garden. .ion
Stock Excb
50
75
2d 6s 1919
M-N
Markeen Copper
3
10
3*s
175
Mex Nat Construe. pflOO 24
28
Monongahela K Coal.. 50 t 13*4 13*a
t 93
Preferred
50 t 47*4
Monongahela Water. .. 2
20
22
Mosler Safe Co
100
68
74
National Carbon
17
119
100
18
Preferred
100
15
16
17*2 20
26
Nat Enam'g<fe Stamp 100
28
ion
70*2 72
87
Preferred
89
Gramophone
3
5
SeeBa It list Nat'l
100
National Salt See
Stk Exch list
Xational Surety
100 145 160
30
35
23*4 New Central Coal
22
20
x
3*8
Yeh
Trans
3
X E Elec
<fc
l n t
113 114
13s
100
Exch list
Auto Truck
85
108 110
X Y'Loan& Imp
100
114*2 115
69
Biscuit 6s 1911.
71
T
13»4
13*8
X
El
Tr
pd)100
Y V ($20
97
8 96
82
Realty Corp
100 150 162
84
Nicholson File Co
8113 115
LOO 125
10
Ontario Silver
8
95
100
8 94*2
ion
35
Otis Elevator com
35*a
ini,
95*2 97
105*2 107
Preferred
26*2
75
Pittsburg Brewing..
t
80
44*2 45
Preferred
8105 108
50
31^8 32
100
39
41
Pittsburg Coal
96 34 97
Preferred
100
8 97*2 98
Pitts Plate Class
100 173*2 174
Planters' Compress Se-eB oston list
90
4*2
5*2 Pratt <fc WhitD pref.. 100
80
Procter* Gamble.... ion 340 342
8105 107
90=>4
loo
Preferred
208
92
98*2 100
15
IS
Roval Bak Powd pref .100

165

t

C&N5S

interest.

Electric Boat

100

17
67

Exch

-

Co...

H5
17

250

oo

BldglOO

,S'e<

Diamond Match

list

i

Buyer pays aecrued

st. el

19

',

8

Sh&Eu

96*2i Electric Vehicle

N

M*M

1

'-.•

4*1

I

15

I

'

10

blnel Lock.

j

1

60

Crucible

125

LOS

\:,\

100
ol Rubber Tire. loo
Preferred
100

92
98

N

W

9

m.100

60

20
90

1

'

Cramps'

1st mort 5s 1919. ..J-D
Union Ferry stock. 100
1st 5s 1920
M-N
82
Ninth Avenue stock. 100 198 200
90
Railroad
Second Avenue stocklOO 212 215
110
lstmort 5s 1909. .M-N 8107 109
103*2 Chic Peo & St L pref. 100
Priorlieng4*2S'30M tts
Consol 5s 1948
F-A 8118 119
104
Con mtg g 5s 1930. J&J
Sixth Avenue stock.. 100 210 216
Income 5s 1930
Sou Boulev 5s 1945. .J-J 8111 115
Gas Securities
Denver* Sonthwest.100
So Fer 1st 5s 1919. ..A-O 8108 110
NEW YORK
Preferred
Third Avenue See Stock Exch list
100
J-l>
Tarry
1928 105 108
5s 1929
95
Cent Union Gas 1st 5s... 8108*2 109*2
YkersStRR 5s 1946A-0 105 107
Con Gas (N Y) stoek
Y Stock Exc Ft Worth* Rid Gran". 100
28th & 29th Sts 1st 5s '96 110 112
EquitGascon5sl932 .See Stk E x list Pitts Bess* L E
60 t 35*2
Preferred
Twenty-Third St stk. 100 405 410
50 f
Mutual Gas
100 305 315
Seaboard Air Line See I alt list
106
Deb 5s 1906
J-J 103
New Amsterdam G agUnion Ky 1st 5s 1942 F-A 115 117
ist consol 5s 1948.. J-J 108*4 108^4
Industrial and IHiscel
Westchest 1st 5s 1943 J-J 105 108
NY Elec Lt Heat* Power
Aberdeen Copper
25 \ 24*4
Gold 5s See N Y Stook Exch list
BROOKLYN
Acker Mer & Condi
100
Y & East River Gas—
Amalg
Copper
Ave
5s
See
Atlan
1909.. A-O 8107
109
Stock Exch
115
1st 5s 1944
J-J 8113
Am Agric Chein See J'. oston
Con 5s g 1931
A-O 113 114
Consol 5s 1945
112
J-J 108
Amer Bank Note Co.. .50 t 55
Impt 5s See Stock Exc h list
Nor Un 1st 5s 1927. M-N 108 110
B B & E 5s 1933. .A-O 103 "a 105 Standard Gas com.... 100 130 135 Am Bicycle See YStk Exch
American Can com... ion
Brooklyn City stock. ..10 242 243
Preferred
100 150 155
Preferred
Con 5s See Stock Exch list
100
M-N 116 117
1st 5s 1930
BklnCrosstn 5s 1908. J-J 105 108
American Chicle Co.. 100
83
Preferred
Bkn HgtS 1st 5s 1941 A-O 104 106
so
100
OTHER CITIES
Bkln y Co & Sub Bee Stk Exch list
Amer Graphophone...l0
913
Bklyn Bap Tran SeeiSXk Exch list
Preferred
10 I 10*4
Baltimore Consolidat Sec Bait list
3.
9*o
Coney Island & BklynlOO 325
Amer Hide & Leather 100
Bay State Gas
50
1st as 1903
J-J
103
Preferred
102
100
39
29
31
Binghamton Gas
100
stock
See
Exch
105
Os
list
5s crtfs indbt 1903. .J-J 101
95*2
5s 1938
A-O 8 94
Brk
1939.JJ lHij 117
100
32
Boston United Gas bonds Bosto n list Amer Locomotive
Preferred (w i)
83*4
Gr St*New 1st 5s '00 F-A 104
6*2
100
Bufl'alo City Gas stocklOO
8
G^pt <fcLorimer St 1st 0s 106 109
Amer Press Assoo'n.100 85
1st 5s bonds
8 76
Screw
American
Kings Co. Elevated—
100
85
Chicago Gas See Y Stk Exch list
1st 4s 1949 See Stock Exch list
Amer Shipbuilding... 100
Cincinnati Gas & EleclOO 102 \ 103
"Preferred
Nassau Elec pref
100
97
82
85
83*4
100
Col Gas L A Heat comlOO
.A-o 113 *2 114*2
6s 1944
Am Soda Foun com. .100 3
Preferred
100 107»j 110
loo
J-J
45
1st 4s 1951
1st preferred
97 *s 98*2
1st 5s 1932
J-J 8100*; 107*2
NewWb'g&Fllstex4*28 100 108 Consol Ga.s (N J) stk. 100 12*; 13*4
100
2d preferred
8
Steinway 1st Os 1962. J-J 8117'-.. 118
50 is:,
82*2 American Surety
1st 5s 1936
80
J-J
raw
board
25
100
Amer St
Consol Gas (Pitts)
50
OTHER CITIES
Bonds Os
F-A 100
Preferred
50
Buffalo Street Ry—
Typefo'rs stock. .loo
o
Am
Bonds 5s
1st consol 5a 1931.. F-A 8117
118 1 Consum Gas (J City)—
Amer Woolen See Stock Exch
Deb 6s 1917
A.O 8100 107
2
Amer Writing Paper. 100
1st 6s 1904
M-N 8103*2 105
9>->
Chicago City BK stk. 100
Preferred
.100
Detroil Gas See N Y Stk Exch list
Cleveland City By.. ..100 100 102
:
J-J
5s 1919
68
Essex & Hudson Gas 100
31
35
.i
loo
Cleve City 1st 5s 1909. J-J 103*2 106*2 Fort Wayne (Ind)—
Anthracite Coal
inn
Cleveland ETectr By. 100
ID
80
Barney * Sm Car
81
1st Os 1925
J-J
50
55
loo 120
Con 5s 1913
M-S 1051-2 107
Preferred
Grand Rapids Gas
Columbus (O) St By.. 100
1st 6s 1915
3S
40
Bliss Company com
50 145
F-A 8104*2 106
Preferred
Preferred
1 00
Hartford (C't) Gas L...25 t 48
50 135
100 105
50
Mort
Hudson Co Gas
Bond*
Guar. ..100 360
Colum Ry con 5s See Ph Ha list
100
33
35
Brit'h
Columbia
opper
is**
Crosst'wn lst5s'33.J-D 8110 113
5
58 gl949
103
102
42
Brownlow
1
Indiana Nat & 111 Gas
Co
Grand Eapids By.. ..100 26
28
100
Preferred
Celluloid Co
100
83
1st 6s 1908
81
M-N 46
50

115
101

106*4

27

Companies

Allegheny Co Lig't Col 00
Eddy Electric Mfg Co. 25
Edison El 111 Co
YNV
Edison El HI Co_Brk
Y
Edison Ore Milling Co 10
Electro-Pneum'icTranlO
General Electric Co N Y
Do pref See Boston list
Hartford (Ct) Elec LtlOO
Narragan (Prov) El Co 50

Ferry Companies

102

101

Preferred
1st

N

10134

130
106
28

101

100
00

Ml

66

.

N

120

8113*2 115

8126
8103
Rochester Ry
27
100
Con 5s 1930
A-O 110
96*2
2d 6s 1933
J-D
So Side El (Chic) stk. 100 111*4
Syracuse Rap Tr 5s 1946 100
Union Trac(Chio)coml00
Preferred
100
58
27^8
Unit Rys (St L Trans) 100
Preferred
81 34
100
Gen 4s 1934
J-J 8 89*2
UnitTr* Elec (Prov)lOO 109
West Chicago St
100 101
Cong 5s 1936
M-N 8103

410

,

11D
105
Ches & Poto Teleph. .100
67
6s 1909-29
J-J 102
Commer Un Tel (NY'). 25 119
Emp & Bay State Tel 100 75
Erie Teleg & Telep See B
Bloston
Franklin
100
45
Gold* Stock
100 118
4*28, 1905
Hudson Biver Teleph 100 120
International Ocean. 100 116
Mexican Telephone See Bosto
New Eng Telephone
Bosto
Northwestern Teleg... 50 122
Y & J Telephone 100 170
5sl920
M-N 112
Pacific & Atlantic
25
78
Providence Telephone. 50 t 96
Southern & Atlantic.. 26 100
Tel Tel & Cable of Am 1 f
6
Electric

loo

••

pref 100

Common

52

<

.

26.727

SO
410

15

(

N

Street Railways

43

Telesrr «fe Telephone
Bell Teleph of Buffalo 100
Central <fe So Amer. . 100

N

<

15

...

..l-J
1917
52*a
>
lompi cased Aii
.1 00
A-O 8107*2 no
Consol Id <ar ii' atlng 100

....

Newark Gs

I

Hie

2d preferred

0&

$6,282,000

Week ending July 5
1901

500

DAY
DAY

1,217.258 $118,934,300

Exchange

i

i

i

Sales at
2few York Stock

$10,500
$1,000

J

18,23
liol.l

.

.77;:.

39,01!

Thursday...
Friday
Total

V s
Bonds

$1,207,000

$29,21

Wnitii nday.

State

Bonds

1

...

Tuesday

<ic

Bonds

l'ar rnhif

i

|

Ask

22
68

I

102

.

U'rrk-

Hid

loo

rerrcd

Jack

TRANSACTIONS AT Tin. xi.w YORK stock EXCHANGE
DAILY, WlfEKLV AXI) YEARLY

Industrial and ttiscel

Ask

•

<

;

M-

1

Rubber Goods Mfg See St ockE.x

Russell &> Erwin...
96*2 Safety Car Heat& LtlOO
Simmons Hardw com loo
30*2
Preferred
LOO
ion
2d preferred

Singer Mfe Co
100
Standard Milling Co. 100
Preferred
100

t

list.

148

03
152

137*3

iii"

240

260

4

6

60

23
19
73
70
5s
25 \
Standard Oil of N J 100 774 77.;
225
230
Cable
'Stand
100
list
Undergd
list
Sloss-Shemeld See stock Exch list
25
35
58*2 Standard Coupler comlOO
Preferred
100 115
list
•27*4 'Stillw-Bicrcv Sm Vptloo
70
10
8
Storage Power
50 t
70
Swift* Co
87
100 105 109
82
1st 5s 1910-1914. ...J-J 8101
21*2
21
Tennessee Copper..
t
10
11*4 Texas cfc Pacific Coal. 100
96*a
110
1st 6s 1908
v-'
-a oo
10*a
40*4 Title Guar* Trust. ..loo 510 535
5
a
Trenton Pottery com 100
Preferred
62*a 67*,
33
70
88 34 Trow Directory new.. 100
634
6*2
10 t
100
Union Copper
Union Steel* Chain. 100
100
Preferred
39
f
70
73
Union Switch* Sigi
99
91
92
Preferred
t
04
62
Union Typewr com. .ion
52
loo 119 121
1st preferred
12 '
115 118
2d preferred
L95
8 '2
8
26
C S Cast Iron Pipe. ..100
38*2
lot
Preferred
101
LOO
60
U S Cotton Duck
91*4 92 *a
list
Preferred
50
U S Envelope com. ..100
99
100
95
it
Preferred
40
70
U s Glass common. ..100 30
145
100 140
Preferred
Exch
Stock
Steel
Corporation
Set
G S
20
15
Universal Tobacco... 1 on
125
57
ion
55
Preferred
10
8
Va Coal Iron* Coke. 100
45
48
SS5
•949
Westingh Air Brake.. 50 1186 1S7
1 5»,
10*2 17
White Knob Mining. 100
44
Worthing Pump pref. 100 109 113
102
'.

.

:

I

'

1

I

>_•

MS

II

July

THE CHRONICLE.

1001.]

6,

Boston, Philadelphia and Baltimore Stock Exchanges
share Price*— Not Per Ocutom Prices.
Saturday,

June

29.

i.

y«/i/

Wednesday Thursday,

Tuesday,
July 2.

Jforuiay,

July

July

3.

Friday,
July 5.

4.

27

—A

Dailv and Yearly Record.
Sales

ACTIVE STOCKS.

of the

Indicates unlisted.

Week.

II

Range

Shares

of Sales tn 1001.

Lointil.

Hiyhesl

Railroad tttoeks.
855

•05

865
IMS
94U

a:s
18a

•181

840

•

855

854
185
•838

185
840
104

i93
193^ 199" 194
i9e* IOT* 197
It7
•
160*
150

195 Mi

196

•00*
•06*

7' ',

5.1',

147

•148

8e* BSM
4'H 43
95* 98
•88*

80
100

100

•180
•70
•65
144
88

'104

10.'.
107

Boiton) ... 1 00
"
....100
"
....100
"
....100
"
....100
Ohio. Bnrl. A (Julnoy
"
....100
Cblo. Juno. A Un.Btook Ydi.
"
....100
Preferred
Chootaw Oklahoma A Gulf.. (Polls.).... 50
"
.... 60
Preferred
Kit oh burg, pref
(Boiton).... 100
(Phlla.) .... 50
Lehigh Valley
Masiaohuietti Kleot. Coi. 1.( Boiton ).... loo

Boston A Albany
Boston Klevated,
Hoiton A Lowell
Hoiton A Maine

183
84<

*

1

•
•

•89* 'Vo

f'j

•66
147

66
148

48*4
0f

855

107* 19C*
151*
IOC*

1

•

180

855
183
938

';.

•an*
100

88*

37*

45

43
9»

KM
89

55* 56

50
147
38

•146
38
43)4
48
95* 05

147

38*
48*
06

Preferred

800

809

97

•90

188*124

•05

89* 80*
••••

144'

•

.

188* 183

183

1SS
88
90

O
a

31

•81*

8914

88*

90

00

90

O
f
O
OD

K

M
V,
O

81

w

146*4

144

158',

165* 168

786

790

787

86* »«* •86*
66*4

•••••

80
60

30*4

60

50

79

73

•78

78)4
8*4

8

0*

0*4

10* 10*
91*4

Pl*4

189
39

81

»*

81*
f*

5«

119
11

•88
70
70
•79
80
80
Bid and sskedprloet

INACTIVE STOCKS

81)4

f«

6«

11

5*

Amer. Rallwaji(Phil) 50

A Charlotte(Balt) 100
Bos A Maine pf. (Bost)lOC
100
Boston A Pror. "

Atl

Oentral Masi...

Pref

OonnAPassum
Oonn River.. ..

"
"

"
"

70
80

•78

68*

Bid. Ask.

83

73

ASH. (Phil)

00
00
Besqnehon'g V. "
"
00
Horth Penn....
Per* Msrqu'te.(Bost)100
sflnehlll

"
100
Pref.
Phil Germ A N.(Phll) 00
••
00
Phils. Traotlon

BysCoGenerall

NJ

"

,,

100
30
UnPowA Trans
West Bnd pref. (Bost) 50
West Jer ASS.(Phll) 50

United

160
60
170
83
58
108

83
»

••I
•••

•
•

"

50

"

WorNashAB.

"

Allouei Mlnlng(Bost) 85

Amer.OementKPhll)

..

AmQcId

DredgfBoir) 10
Amer. 1. AS.. (Phil) 50
Areadlan
iuoid 25
"
Arnold Mining.
35
"
Atlantlo Mln'g.
85
"
Baltic Mining..
25
(Phil) 50
ethStael
Boston Bleo Lt.(Bost) 100

Cambria Iron.. (Phil) 50
Canton Co
(Bait) 100
Osnten Mining. (Bost) 35
••
Central Oil
85
Oon. Lake Sup. (PhU)lOO
Pref
...
100
Dan v.Bessemer "
5

"

70
85

7

OldCol Mining (Bost) 36
25
Osceola Mining. '
Palmetto Co.... (Phil) 85
PaiTott811&Cop(Bost) 10
Penn Kleo Veh.f Phil) 50
"
Pref
50
SO
Pennsyl Salt... "
Pennsyl Steele. "
....
"
PrefT
100

J*
91

Isl

Mln..

"

85

G

"

5

MAN
MAN
1914 MAS
1916 MAN

93

*

68*

04

4*
Deb 4s
Honda- Baltimore.
Anacostla A Pot
5e
Atl A Ch 1st 7S.1907 JAJ

118
60
89

to*
16* 17*
176

173

0*

5*

*

*

5

a
5
Susquel A 81.. (Phil)
Tamaraok Mln. (Bost) 35 340

US Mining....

360

63
8

se
89

8*

4

50

"

'*3'a*

S*
7*

BeilTel4s..l908

J A.)

ATASFgeng4s.'95AAO
Adjustment g 4s.. 1095
Boston Term'l 3*s. 1047
Bos Un Gas 1st 5s. '39 J AJ
1939 JAJ
2dM5s

'83"

7

rel

Bonds— Boston.

30

19ia

25

50
Coal "
Winona Mlnlng(Bost) 85
Wolverine Mln. "
85

Westm

Am

8*
09*

3*
60

{10C*
>103
\

9fe*

{

86
60

'99*

.

ie*
3

87

17*
8
38

38
48
80
8

6s. '18

\

Ch Bur AQ4S.1022FAA {101
Iowa Dlv 41.1919 AAO {104*
112*
Chicago Juno 5i.l01 5 JAJ
Ch A No M gn Si. '31 MAN {106*
3f* Chi A M gen 5l.'21 JAD {100*
108*
10
Curr't Rlv lit 5i.'27 AAO {

W
DGRAW lit4i.'46 AAO

30*

{

09**

DomlnCoallit6i.'13MA8 {110
•'un'n lit

DeLongH&E

Fr BlkAM

M Hi g.'06 MAS
V lit 6s '33 end

Unst'p'd 1st 6s.'33 AAO
IUln Steel conv Si.'lO JAJ

{lllHi

KCCA 8 1st5sg.'25 AAO
B C Ft SAG 1st 7i.'08 JAD
KCF SAMoon 6s.'28MAN

. .

KCMABlst4s..'34 MAS

18

Y

• i • s

'«*

*

13

••

lb'*'*

105

{iVs*

8

7

Apr. 86

May

81

80

Jan.

t

1

May

10
2H

6*
4*
8*

300 90
106 137*
3,380 38

4*

1,604

857 113*
385 11
40
y
54
68
ts

139* June 18

34* June 13
June 18

91

3*

Jan. 18
Mar. 4
18 152* June 8
16 134
Mar. 83
4

*

May 88

183

June 10
June 80

8 498
lb 134*

87 860
Mar. 6
37 81*Junell
30 65* June 30
15 44
Jane 80
31
99 Jan. 3
80 5C* Apr. 8
21
79* Apr. 18
May 9 7* Jan. 8
Jan. 30
8* Feb. 13
Jan. 80 16
Feb. 13
3
Feb. 14 99 Jan.
4 146
Jan.
Apr. 18
May 9 38* Mar. 5
June 10
8* Feb. 18
June 10 138* Jan. 8
June 87 17 Mar. 80
Jan. 18 05
Apr. 18
Jan. 1C 70* Jure 6
4
Jan.
79 June 35

{

115

116

134

0V*

( • s • •

5i....

87

35*
an*

118

138

.

118* 114
180

MAN

9

Ter 1st 5s. 1926 JAD

56*4

117
93

BergABBrew itrti'2 J AJ
BBoroGaslst5s.'38MAt
1

5s'19JAJ
Clt's'8tRy(Ind)oon 5s.'33
Colum Bt Ry 1st oon 5i.'3'~

Ga AAialstpf5sl945AAO
GaCarANlst5sg.l920JAJ ib'a" 1 0b*
GeorglaPlit5-0i 1923J AJ 183
GaSoAFla lit5i.l945JAJ 113 114
KnoxvTrao litSi '28AAO 87
89*
Lake R El lltgu5i'42M AH
Maryland Brewing 6s ....
Met8t(Wash)lst5s'35FA
New Orl Gas 1st 5s...Var

Ry

182*

••••••

114*
116

94*

118
95

1939
1930

AAO
AAO
MAN

lst5s.'17
People's Tr tr oerts 4s. '43
Phiia Bleo gold trust otfs
Trust certfs 4s
PhAKr geu 5g.'20 AAO
Gen
4s g. .1920
Ph A Bead 2d 5s.'33 AAO
Consol
7s. . 1911 JAb
61 g... 1911 Jil
Con
Hxtl nip Mil g.'47 AAC
ConMof '83 4i.'37 JAo
Terminal 5i g. 1941 y-l

M

AAO

M

P Wll A Bait 41.1917 AA*

88

Collat trust 4s.l031 JAJ
Bead Co geu 4s, 1007 JAJ
Rochester Ry oon 5s. 103
8ohRBSldelst5sg'35JAD

98*
73*

119

118*
94
94

110

81*

107*

188*
"
130

Consol 6s 0.... 1905 Var
Consol 5s r
1919 Var

Penn A Md Steel oon 6s.
Pa A NTCan7s..'06 JAD

116*

125

93

118*

New'kConGas5s'48JAD
Newark Pass oon 5s. 1930
NYPhUANorlst4s '39JAJ
Inoome 4s ... 1 039 MAN
Be*
No Penn 1st 4s.. '36 MAN
GenM7s
1903JAj
Penn gen 6s r... 1910 Var 183 133

M

84* 84*

.1933

3d 7s
1910 MAS
Consoles
1923 JAD
Annuity 6s
JAD
Nat Asphalt ool 5s

M

93

mm

RR4sg
1914 Q-F
Gen M 4*s g.. 1934 Q-F
Leh VC'l lst5sg.'33JAJ 107
Leh Val ext 4s.. 1948 JAD

Penn Steel

Norfolk St 1st 5s '44. JAJ

4s.

1st 6s..'20 JAD
Nav 4*s. .'14 y-j

Cons 5s
Cons 4s

NewpNAOPlst3s'38MAN

965
73?

118

N J 1st 5s.. 'Sc

Bdison Bleo 5s stk trotfs
BleoA Peop'i Tr itk tr ctf t

Lehigh

'

2d series 6s. .1911 MAS
3d series 8s.. 1916 MAS
4th ser 3-4-5S.1931MAS
5th series 5s. 1926 MAS
Va (State) 3s new.'S2JAJ
Fund debt3-3s.l991JAJ

g..' 1

K C Sub B

MAN

VlrgMld lst6s.l0O6MAS

tr otfs

Atl City 1st 5s

Indianapolis

Kit A Imp 5S.1032MAS
Chas City Rylst 5s '23 JAJ 10a*
Chas Ry G A Kl 5s 99 MAS
" 93
CharlCAA ext5s.l910JAJ 118 114
2d 7s 1910
AAO
CityASub lst5s.l922JAD
CltyA8ub( Wash) lst5s'48
ColAGrnvlst5-6.1917JAJ 117
Consol Gas 6s. .1910 JAD U8* 114
Ss
..1939 JAD 118* 118

HI lit4i'40.MA8
Income 4s 1049.... JAD

Asphalt Co 5s

lit6s.'10 JAJ
Inoome 5s... .2862 AAO
Bq 111 Gas-L 1st g 5s. 1028
Hestonv M A F oon 5s. '24
HA B Top oon 5s.'25 A fcO

Conv'rtlble 5s 1 906MAN
Central Ry 6s.. .1912 JAJ

Un Ry A

Asl

BlmAWilm

Tra0lst5i.l929MAN

8eoAvTn(P!tti)5i'S4JAD
Bav Fla A Weit 5i '34AAO
Seaboard A L 4s 1950....
Loanoertfs 1903
Beab A Roan 5i.l936 JAJ

.

Del A B Bk 1st 7i.'05 FAA
BastAA 1st M 5s.'20 MAN

Kit A Imp 6s. 1901 MAS
No BaltDlv 5I.1942JAD

NorthCent4*s.l925AAO
6s 1004
JAJ
Series A 5i 1926.... JAJ
Serlei B 5i 1926.... JAJ
Pitt Un Trao 5i.l907 JAJ
PotomVal lit 51.1941 JAJ

Bid.

Bonds— Philadelphia
AlleVyBext7sl910AAO

Con Trao of

.

Consol 5s.... 1933

West NC oon 6s.l914 JAJ
WestVaCAPlst6g.'l 1 JAJ
Wll A Weld Ss. 1935 JAJ

ChooOkAGgen

AMG-Llghtlit5il917JAD
Atl Coast L otf s 5s .JAD
Bait Beit 1st 5S.1990MAN
BaltCPaslst5s.l911MAN
Bait Fundg 5S.1916 MAN 123
Bxohange 3*s.l930J AJ
BaltAPlstOsml 1911AAO
Bal

BONDS
Baltimore—Conoln'd.

Cambrlalron 6s.l917 JAJ
ChesADCanlst5s.'16JAJ

i

t

UuBlL,APlit4*i'99MAN

{1B4

94
K CA M RyAB 5s.'20 AAO {107
KC8tJoACB7s.'07 JAJ {117
LRookAF81st7s.'05JAJ {105
Mar U A Ont 6i...'35 AAO 1118
Mex Cent 4ig.. 1911 JAJ { 88
1st oon Lao 3s g non-oum
34*
8d oon ino Si non-oum.
«4*

Income

i

{137
{136

Debenture 5s. 1 9 1 3 AAO {100*

83

May
May

81

Jan. 31

1

MaoonANlst 4*s '0OMAS

JAJ

Sick fund 4s. .1910 JAJ

'

"
10
DiamStateSt(w.i.)"
10
Doniin Coal pf. (Bost)lOO 118*
Dom Iron <fc S.1J "
82*
Easton Con El. (Phil) 50
Edison El IU (Bost) 100
ElecCoof Anifi (Phil) 50
7
Franklin Min'g.(Bost) 25
17
General Elect..
" 100 866
" 100
Pref
Ind-Epyp Coni(Bost).KK)
IntButH&Sil ' 10
IntSP&Dynanj(Phil) 50
9
Isly RoyaleU..(Bost) 25
44
Manufac Rub.. (Phil) 50
*
"
Pref
50

I

Bur* Mo Rlv ex'pt 8i. J A.1 J117*
Non-exempt

53

8

June 11

aia* Apr. 19

May

35*i

87
14

Balls

103

1st 61 tnnnel 1911. .JAJ

7

88
88

U8PHorseCol.(Phll) 1
Utah Mining.. (Bost)4-85
Warwlok I A 8 .(Phil) 10

113

1

June 11

80* May

84*

890

Bid. ABk.

1st mort 6s.. ..1905 JAJ {108
Rutland lit 0s. .02
{103
Torrlngton lit 5s 1918... <
West Bnd St 5s. .'02
8

4

'94"
United Fruit (Bost) .100 "«2*
36* 86*
25
Un Shoe Maoh.. "
25*
80
"
Pref....,
85

a*

.

<* NewHlngcongen5s'45JAJ I ...
7* N KCotYarn 5s 1929FAA 1103*
NHGas AC 1st 5s.. 1037
59
8* New Bng Tele 5i.'18 AAO «/.'.!'.'.
8
1907 AAO {103
6
N 7ANBnglit7i.'05JAJ fill

<*

BO

"

UnKlLAPowpf (Bait)

94

1

July

100
144
110

* Apr.
1,888 131* Jan.
897 117 Jan.
1,086 151
Jan.
300 Jan.
76 Jan.
87 785 June
1,880 16* Mar.
886 58 Jan.
950 88 May
195 46 Mar.
41* Jan.
i "do
02* Jan.

.

BONDS

Ask.

8*

IP

NewKngGsAC 1 " ....
New Hit I A 8. (Phil) 5

.

100
100

MI8CBLLANBOU8.

7
106

Tidewater St.. (Phil) 10
Torrlngton"A"(Bost) 35
"
Pref
25
85
UnCopLAM'g "

Wis Cent, new. (Bost) 100
Pref

4

"
100
Pref., asat.pd
4firirenthaier . . (Bost) 100

Santa Tsabel
i

(Phlla.)

Boston— Concluded.

MdBrew asstpd(Balt)100

Rhode

"
"

WestNTAPa.

Bid.

Plan teriCompT (Bost) 100
"
Qulnoy Mining.
85

• • • i

no

STOCKS -BONDS

Phlla Co

39

30* May
45
06

a 88 13-16 33 7-16

*sx Telephone

FtS AM..(Bost)100 101

100
Lime Sohuylk.(Fhll) 60
Maine Central. (Bost)iOO

.

80

MISCKLL.— Conoluded.

48
155
170
300

MAT"

68)4

wa made.

100
100
100
100

"

6*

•68

OonsolTr Pitta! (Phil) SO
"
60
Preft
Bs South A Fla. ( Bait) 1
"
100
1st pref
"
100
Id pref
tVrmant'n Pass(Phll) 50
SO
Hestonv
"
Pref
60
"
100
Inds Street
Pref

5*

"ii" "ii*

iale

.

•

.

0,478
86
361

.

"
(Boiton).
"

"
.100
50
"
..,.100
"
,,,. 60
"
Preferredl
.... 00
New Bug. Cotton Yarn, pref. (Boiton).,, ,100
New England Telephone....
"
....100
"
Old Dominion Copper 1......
.... 35
Philadelphia Bled 5 paid.. (Phlla.)
United Oai Improvement 1..
"
.... SO
United States Oil
(Boiton),... 36
WelsbaohCo
(Phlla.) ....100
Westlngh. Bleotrlo A Mfg. (Boston) .... 50
"
Preferred
.... oo

81*

31

ia

no

1

Lehigh Coal A Navigation..
Marsden CoT
National Asphalt T

•11

'

.,

Federal Steel

117)4 118

BA.ILROAD8.— Prices July

10

39
61

183* 134

184

(Phils.).

.

73*

3'*

81*4

118

•

184

50
50

.

«1

01* 91* •91* 93

189

50*
148

Apr. 88
Apr. 84
Apr. 80
June 10
Apr. 8
May 16
May 10
Apr. 83

18,690 13* Jan.
84 1-1 June 4
4,868 33 3-iejan.a: 40>2 June 17
7,670 19 Jan.
4 89 7-10May 1
1,760
0* Jan. 31 80* June 81
3,085 34* Jan. 31 54
June SI
1,870 78* Jan.
1 138>iMay
8
8
i
83 Jan.
99 May 1
10,805 84* June 10 37 Jan.
8
5,668 IS* Mar. 10 18* Mar. 39
9a I'** Jan.
8 09
Apr. 83

.

.

6*

91*

•91

139

ia

•08

39
50

6*4

Xll8*119
•ii

50

87*
305
69

I

416

"
Amer. Telephone 4 Tel. Co..
"
Boiton A Montana
35
Butte A Boiton
10
il
in
Calumet A Heola
35
Cambria Steel, 913* paid. ..(Phlla.) ... 60
Consolidated Gas
(Bait.) ... .100
Dominion Coal
(Boiton)... .100
Brie Telephone
"
... .100

o

20* 2e*
85* 66*

79

.100
.100
.100
50
50
.
.100
.100
.100

(Boiton).
"
.
"

.

Preferredl

w
o
f

780

790

T.

American Sugar Kenning

I • •

8*4

189

86

88*4

65

•78

700

36

65* 66*4
89* 39*

80* 89*
•SO

790

at-*

.

18*
88*

May 83

Miscellaneous Stocks.
Aruer. Agrloul. Chemloal
Preferred T
Amertoan Alkali
Preferred, $10 paid

I—

785

(Bait.)

100*
163
185
75

Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mar.
Jan.

45

"ib'o

Boiton) .... 1 00
"
....100

(Boiton).

Amalgamated Copper!

I

144* 143* 143M
181
181
130* 181
165* 156* 166* 157

Oo

By A Kleo.
Hind Street

United

Wait

144

144*4

(

Preferred

«
c
w
3

S5

37*

Apr. 10
a

138* Feb.

10 139
8,180 3b*
16,073 94
1,188 77*

Union Traotlon, 917* paid. (Phlla.)..,. 50

• •

i8o*isc* •18C*
156

H
00

97

81

3d preferred
Seaboard Air Line
Preferred
Onion Paolflo

o

97

81

Heading Company

348
>00

192

(Boiton).., .100
(Phlla.).... 50
"
.... St
"
.... SO
"
.... 50
(Bait.) ....100
"
....100

lit preferred

97

06

07

12?>, 134*4

38

•3)!*

O
a

865

14 t* Jan.
138 Jan.

(Bait.) .... 50
(Phils.) ....100
"
....100

Preferred
Old Colony
Pennsylvania

M

309

•SOS

76* 75*
33* 33 1-16 83 15-18 8
a
13-"
89 0-16 30* 39* 9 13-1
aw
ii-ie 8P*
at' 88 1-16 88*9
80
»»* 88*
88 7-"i8 ~'8*
80
38* 88*
.'9)4
30
89H at* 30
5S* 68* 53
08
51* 51*
58)4 58M
1(9
109
109
110»» 111*4 100*4 110* 109
8f*
90
9U
80*
•91
91*
37
37
87*4 »1H
87* 37*
87>9 87)4
17* 17* 18* 17
16* 17
75)4

Jan.

810 160*4 Jan.
53 388 July
as* 100
May
51

....100
....100

1

Northern Central
Northern Paolflo

8"8

75*

79 351

.

Mexloan Central

100

»08*90r! y S08

78 7-16 76*
83 1-16 83*

(

full paid..

Scran Trao lit 6i '32MAN
United N J 4i. 1044 MAe
UnTraoPltti gen5i'07J A.I
Welibaohif 5i 1080. JAD

115

110
03

1 • • •

mil

101
66

iac*
181

«IMII

131
107
100
135

90*

97

110
110

.

lAud

70*

Interest.

'Price Includes overdue aoupo

ns.

1

..
.

—

n

...
....

1

THE CHRONICLE.

28

[Vol. LXilll,

%\wzstmmt <m& Railroad |utjclligjeucje.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
cau be obtained. The first two columns of figures give the gross earnings for the latest week cr month, ami the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of fiiA street railways are brought together separately on a subsequent page.
Notice Clmiigc— Our yearly totals now all date from July 1.
Latest Oross Earnings

ROADS

Month

or

Adirondack
Ala .-.t Southern.
Ala Midland
Ala N O & Texa*

N O & No East.
Ala

*>

Current

Week

Year

April

3u

wk J'ne

May
Pac Juno.
wkJ'ne

1st

Vicksb'g 1st

wk I'ne

Vioksb Sh&P. st wkJ'ne
Ithwk Jne
Ann Arbor
Ann Wa-diA Bal. April
AtchTop&SFe. May
Atlanta & Char.. February
AtlKnoxv & No May
Atlanta &WPt.. April......
i

$
13.054
40,662
68,274

July

Previous
Year

I

85,198
68,909

'inn nl

J'revious

Year

i'nir

*

$
15,627.

1 to Latent Date

162,71
2,147,2 is

950,861

:-

ROADS

Week
or

1

Month

l.'j.ooo

43.768

32,000
9.000
8,000
44.729

1,808,370
870,232
846.775
1,751,165
_
53

$
72,101 Manlstiqii"
May
2,045,329 [Mexican Central 3d wk J'ne
872.757 Mexican Intem'l May
'

774,476
659,136

1,702,094

1

B&

i

&

ChioRI &Pac... May
Chio St P M & O. May
Clilc Term Tr RR 3d wk J'na

& Gulf. >d wk J'ne
OinNO &TPac 3d wkJ'ne
Cin Portsin & Va May
ClCinOh& StL. 3dwk J'ne
Peoria & East'n 3d wkJ'ne
Clev Lor & Wheel 3dwk J'ne

Choc Okl

Colorado & South
Col Newb & Lan
Col Sand <te Hock
Corn w a 11 <&Leb..
Cumberl d Val ey
Denver & Rio Or
Penv & South w.
Det & Mackinac.
Dul& Iron Rant e

May
April
1st

wkj'n*

Apiil

May
4th wk JncMarch
April

February
DulSoSh&Atl.. 3d wk J'nt

.

ESt L&Carond. May,
Elgin Jol
Erie

(fe

East. March

May

Evansv & Indian 4th wk Jne
Evansv & TH... 4th wk Jne

Find Ft W & W_. May
& Denv City May
Ft
FtW&RioGr... 3d wk J'ne
Georgia RR
May
G a South & Fla.. May
Gila Val
N.. May
Gr Trunk Svstem 4th wk JncGr Tr & West'n 2dwk J'n(

W

G&

Det Or

H&M.

2dwkd'n»

1,874,646 1,826,494 21,089,419
265,873 357,356 3,298,987
167,006 115,209 1,982,193
2,307,525 2,299,059 26,370,599
118,961 117,756 4,650,339
374,657 230,436 4,371,266
3,126,126 2,625,499 33,942,846
10,524
105,770
493.611
50,652
48,343
146.839
1,264,648
99,536
86,11',
101,336
4,709,585
81,000 3,886,100
72,800
43,517
45,081 2,245,232
6,215
54,621
5,641
15,220
20,028
918,499
97,371
95,483 6,433,08
25,090
26,087 1,983,240
26,735
27,197
365,394
417,700 335,319 3,906,472

21,815,226
3,363,474
1,897,716
27,076,416
4,418,340
3,398,116 Southern Railw'_\
St Lonis Divis'n
29,840,208
Terre
& Ind
H & Peor..
Terre
451,811
1,029,299 Texas Central
4,231,683 Texas & Pacific.
3,992,020 Tex S V & N
2,274,101 Tol & Ohio Cent
67.948 Tol P & West ....
751,855 TolStLA
5,589,690 Tor Ham &Buff.
1.638.776 Union Pac RR >

971.466

Great North'n—

P Minn AM. May
May
Montana Cent') May
Total system. May
St

East'nof Minn.

Hocli ing Valley.. 4th wk Jne
Hous & Tex Cent April
Illinois Central.. May
Illinois

Ind Dec

Southern May
& West'n February..

Indlll &Iowa... May
Int & Gt North'n 4th wk Jne
Wk June IS
Interoc (Mex)
Towa Central
3d wk J'ne
Iron Railway
May
Kanawha &Miob 4th wk Jne
K C Ft Scott <ft M 2d wkJ'ne
& Birm 3d wk J'nt
Kan City & N
May
Kan City South'n April
Lehigh & Hudsoi; May

KCMem

W

& Read ... May
Coal&IrCo.... May
Tot both Co's.. May

22,011,010
9,606,207
1,220,651
*2,594,726
4,973,920
329,024
16.398,190
2,300,082
2,030,754
3,862,132
149,006
966,395
247,838
917,486
10,181,752
1,867,966
660,822
2,885,730
2,539,925
144,872
1,432,497
34,960,779
355,800
1,430,009
107,710
1,486.382
471,098
1,540,879
1,090,308
335,771
25,745,841

Phil

Rich Fr'ksb & P
Rio Grande Jet..
Rio Grande So...
Rio Gr'de West .

April.

.

March
id
3 t

Jos&GrI

wk J'ne
wkJ'ne

May
May

LKen*tt& So.
April
StL &N Ark
St L & San Fran 3d wk
StL Southwest 3d wk
StL Van&TH.. >ray
.

San

Ant& A

J'ne
J'nt

ipril

P...

San Fran <teN P.. Mav
wk J'ne
3Fe Prea&Ph...
Sav Fla A West.. May
Seaboard Air L.. d wk J'n>Sher Shrev <te So IstwkMa}

M

.

May
O&G
SoC&GaExt... May
So Haven & East- May
Sil

'MS
Year

Year

-

7,495,053

53,1 17

51 1,207

86,800

1.15n,ooo

1,665

1

203,485
779,ooo
18,000

822,ooo
1,291

8,164

502,800
117,128
a574,463

9(1,257

1,93

451,680
157,827

58,555

880,000
e

-

e

l7l,ooo
122.0 17

r<5

1,095

1

7,436,700
168

1,375.010

7-5.7:i.

772.937
2.7-2,079
5.030.755
c 150083 10 12.326,249
32,668,268 29,317,258
1.323,739 1,330,31 5
34,016,592 30,647,573
1 15,616
12,126
•5.0 10.000 c 5,533,463
1.270.1 86 1,23-, -05
07,662,327 '(7,130.50
3,183,475
1.379,133

1

1

2:1,00:;
2.763
27,7 12
3,072
l,965,65n l,65o,377 51.1 is. (ill 10,0 1-, 200
493.522 383,859 1,819,81
1,538,205
213,772 162,189 2.291.590 2.388,34
2 15,980
384,786 15.739.720 13.97-. -37
679,965 661,965 7.320.1 10 7,233,146
684,756 599,792 33.O22.510 30,582,787
25,270
28,171 1,473,409 i,3ii.:;o.5
370.9-:;
4,299,839
366.348 4,240,66
164,208 275.501 2,328,286 2,952,511
7,770,66 7,126,567 -1,7-1.177 73,402,277
569,671^
565.774
47,384
50,298
171,148 142,804 -.125.0
7,488,659
469,301
429,078 1,987,793 4.090.2-0
1,029,258 995,158 lo.599.03 10.064,432
54,022
47,782 1,757,753 1,504,384
1,670.012 1,567,248 17,773,467 17,-12.--1,-5 1.037 1,750.160
1 95,731
198,919
118,836 112.270 1,051,400
985,605
373,5-H
3 17.2- 1
44.966
27,988
87,581
91.051 3,896,579 3,086,728
1

1

68,274
54,691
66,098
393,464
18,614

68,909
57,133
63,957
350,608
30.053

950,861
617,659
096,217
4,753. IOC

200,050

-72,757
835,837
027,098
4,075,698
200.980

Co-

2,205,824 1,795,630 24,705,730
797,269 771,230 9,827,731
34,021 1,394,494
30,843
* 44,622 ; 4,294,256
'69,232
100,080
91,341 4,889,917
33,735
31,222
360,260
394,140 350,281 17,319,883
54,580
48,285 2,426,034
48,127
48,623 1,987,933
388,664 328,672 4,301,608
12,156
12,140
151,042
23.722
27,905
965,872
27,701
25,811
217,982
84,708
74,239
985,649
307,200 276,200 11,418,539
177,326 223,915 1,789,260
85,655
711,735
86,586
77,389
74,104 2,753,104
52,843
53,820 2,415,979
13,700
14,947
139,422
194,451
158,048 1,483,362
3,641,472 3,151,116 35,549,695
5,934
318,792
6,882
35,340
35,865 1,437,002
6,720
95,651
6,830
168,548 125,669 1,932,607
649,695
7.939
6,721
129,455 118,167 1,716,893
93,231 1,106,188
94,795
32,824
338,112
45,617
731,208 717,335 26,342,298
74,177
83,365
18,591
18,172
984,227

St
St

Date

-<l

355,00:5 I0.7I7.0O0 16,768,400
5.1 -0,0 10
J. 0O2. 325

1

Wn

Reading

to l.nii

»

i

StLCU

1

1

13,117

Mexican Nat'l..'3d wk J'nt
Mexican North'n March
Wk J unel5
[Mexican Ry
2(1.5 16
Mexican South'n 'd wkJ'ne
72 222
Minneap .fe St I, 3d wk J'ne
MSt P k 8 St M. M wk J'ne
oe!37e
Mo Kan & Texa- 3d wk J'ne e289,582
Mo Pac & Iron Mt rth wk Jn< 8 18,000
32,001)
Central Branch 4th wk Jne

61,718
7,324
5,641
4,837,478 4,051,036 19,857 :;s7 12,897,228
,957
218,!)
II
1,7
10,349
236.446
289
137 880
33.552
383.525
41,057
52.254
606,584
636.954
Uuwk Jn«Total
54,369
638,197 596.131; 6,4 4S. 175 6,140,405 Mob Jack & K C WnJune29
Atl Coast Line... April
1 75.521
216,107
May.
21,342
18,455
Mobile & Ohio.
Atl Vald & West. May
230,028
21,384
14,375
143,174 Mont <fe Mex Gulf May....
Austin & Northw April......
6,899
7,614
NashCh & StL.. June ...
Bait <te Ann S L.. April
Nevada Central. May
Balt& Ohio....? May
43,072,846
38,988,801
3,988,649
3,735,010
N Y C & Hud Riv May
O South w. <
117,177 107,032 1,321,806 1,117,373 NYOntft West. «t y....
Bangor & Aroost May
35,670 S Y Susq & West May
2,208
35,729
1,916
Bath & Ilammon April....
41,483 Norfolk <fe West' 11 1th wk Jne
3,832
38,193
Bellefonte Cent'l May
3,936
R
April
33,000 Northern Centra! May
2,799
2,535
33,711
Bridgt & Saoo
West'n
57,133
635,837
May
617,659
BrunswA
54,691
North'n Pacifier/ 3d wk J'ne
1th wk Jne
Buff Koch & ii.ts i h wk Jne 147,664 147.344 5,814,009 5,012,137 Ohio River
0-0,609 Pacific Coast Co. April
May
45,991
659,338
Buffalo <feSusg..
65,792
March
94,495
90,486 4,858,612 4,878,061 Pacific Mail
Burl C Rap & No 3d wk J'ne
Canadian Pacific 4th wk Jne 807,000 792,000 30,793.025 30,709,471 Pennsylvania^... May
115,320
91,670 6,784,275 5,953,074 Penn & Northw' April
Cent'l ot Georgia 3d wk J'ne
54,102
593,034
592,135 Pere Marquette.
58,996
d wk J'ne
Cent'l New Eng.. April
Phlla & Erie
April.
1,316,044 1.262,185
Cent'l of NJersej May
Phila Wilm&B.. May
Central Pacific. April
.. 1,661,912 1,436,465 16,189,745 15,515,959
20,273 Pitts Bess & L E. 4thwk Mai
19.545
Cent'l Pa & West April
1,980
2,169
627,098 Pittsb C C & St L May
696,21
66,098
63,957
Charleston & Sav May
90,979
92,364 P'ttsb & West'n. April
1,618
1,839
Chattan South'n. 3d wk J'ne
13,402,071
&Ohio...
wk
Jne
15,366,563
Pittsb CI & Tol Aprjl
4th
391,287 359,458
Chesap
Alton
Ry.
May
747,158
7,100,289
Pittsb Pa& F.. Amil
625,852
8,278,926
Chic
Total system. .. fawk J'm
Ch c Burl &. Quin May
4,345,886 3,571,254 45,963,032 13,540,510
Chic & E Illinois. 4th wk Jne
99,798
95,050 5,648,274 5,148,897 Plant System6,542,503
Ala Midland.. May.
Chi at Western. 3d wkJ'ne 125,360 126,173 6,819.11
Chidud&L'v... 4th wk Jne
99,723 105,643 4,133,559 4,159,299
Brunstfc W'n... vfay.
May.
Chas &Sav
Chic Milw & St P 4'hwkJne 1,129,094 1,140,880 42,369,012 41,884,692
May
Chic & North
3,663,231 3,458,257 39,410,413 39,315,500
Sav Fla & W... May.
Ohio Peo & St L ) May
SilSOc&G.... May.
100,743 100,493 1,246,180 1,355.452
&StP5
.

July
"in

Year

12,379
357,130
514,01
151,427
58,856
82,500

1

1,742,460

I'rex

Yi-hi

;

27,000
13,000

Earnings

>n rent

Sprs

.

.

Southern Ind
So Miss & Ark ..
So Pacific Co b...
Austin & No'n.
Cent Pacific
Gal Har AS A

2,574,734 2,329,242 25.720,336 24,441,528
2,840,616 1,817,801 20.315.337 25.573,891
5,415,350 4,1 17,043 52,035,673 50,015,419
762,168
83,344
96,262
835,805
380,426
433,341
41,145
40,231
514,400
9,939
529.643
9,033
107,300 101.000 4,747.123 4,320,687
123,320
99,988 1,294,870 1,289,144
124.50I
97,248
13,129
8,482
7,510
82,304
68,696
13,096
183,514 136,042 9,854,294 7.755,249
111,871
102,041 7.229.420 5,779,398
172,912 154,858 1,832,185 1.7-5.922
226,047 151.150 2.200.975 1.-05.213
-02.670
936.7-1
89.982
86.34
920.257
964,696
19,056
19,502
393,464 350,608 4,753.466 4,075,698
187,715 185,294 1O.015.O72 9,382,602
354,425
715,295
3,862
15,897
200.0-6
30.053
200,050
18,614
231,130
262,700
17,971
17.480
1,901
19.121

May.-

May

l-o.ool
144,378
19,425
15,961
6,889.582 5,406,076 64,597,860 57,532,902
13.174
14,375
230,028
21,384
1,661,912 1,436,465 16,189.745 15.515,959
665,336 521,090 5,687.070 5,2 44,287
9,266
12,794
61.250
1,869
14,047
8,045
374,657 230,436 4,371,266 3,398.116
146,114 104,401 1.431,194 1,136,428
679,858 517,170 6,711,275 6,006.679
255,016
26,200
32,195
242,853
159,150 2,308,792 1,566,921
264,602
1,795,500 1,460.914 15.820,741 14.730,945
426,379 295.72- 3.632,222 3,133.425
251,151
179,159 1,975,682 1,670,561
3d wk J'ne 605,620 584.556 32,884,352 30,655.262
3d wk J'ne
39,270
34,741 2,026,920 1,875.330
way
128,118 120,917 1,453,904 1,504,386
17.7(1.3
May
36,443
504,615
45,426
d wk J'ne
368,530
694,889
13,465
6,615
3d wk J'ne- 160,984 126,639 10,972,416 8,395,268
May
103,158
129,300
9.200
6,835
1th wk Jne
67,612
65,444 2,561,514 2,362,301
3d wk J'ne
19,081
20,690 1,130,051 1,046,136
4th wk Jn
58,183
16,820
May
36,722
29,938

.

April
April
April
April
GulfW. T. & P. April
Hous. E & V.T. April
Hous. & Shrev. April
Hous&TexCen April
Louis'a West
April
Morgan's L & T April
Mex April
Tex&NOrl.... April
So Pac of Cat
Ai>ril
So Pac of Ariz. April
April
So Pac of N

NYT&

M

H

.

.

.

1

1

I

. .

W

3,941

.

W

t

.

360,540
3,416,848
449,023

33,887
43,282
400,849
Lehigh Val RR. May
2,274,323 2,071,808
Leh Val Coal Co. May
1,946,723 1,466,363
Lexing & East'n May
33,161
31,876
323,662
277,042
Los Angel Term. March..
15,301
10,589
128,104
91,612
Lou Hen & StL.. 2d wa J'ne
12,695
12,184
632,860
603.35
Louis v & Nashv. 3d wkJ'ne 556.020 487.365 28,512,727127,069.036
Macon & Birm
May....
7,751
6,894
101,7271
72.900

Oieg RR & N
Oreg Sh Line.

May

\
)

Wabash
4'hwkJnf
W Jersey* Seae-May

W VCen& Pitt..

I

3,619,3413,230,382 39,880,123 35,950,844

,

Ma v..

Western of Ala April
Wheel* LE.... May

ith wk Jne
May
May
from May 1 are

Wisconsin Cent.
Wrightsv & T'n.
Yazoo & Miss V

452,528
272.350
101,60
56,761
256,015
153.700
9,649
423.450

416,748
257,550
107,912
51,-23
217,520
155.780
11,834
334,758

17,533,52s 16,440.429
2.901.734
3,253,03
9-9.522
1,082
1

7()4,209|

032,514

2,716,531 2.137,988
5,299, 400j 5.032,841
151,4-3!
158,039
5,747,731! 4,983,728

* Figures
Covers results on lines directly operated east of Pittsburg.
for the railroad only.
1ncludes Chesapeake & Ohio Southwestern, Ohio Valley and Chicago and Texas for both years.
t Mexican currency.
a Includes Paducah & Memphis Division from July 1 in both years.
b Includes the Houston & Texas Central and Its subsidiary lines.
e Reeults on Montgomery Division are included in both years.
d Includes St. Paul <fc Duluth from July 1, 1900.
e Includes results on Sher. Shrev. & Southern, Mo. Midland and San Antonio extension for this year, but not for last year since May 15.

§

1

JCLY

THK CHRONICLE.

1901.]

8,

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,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together in the following.

29

Net Earnings Monthly to Latest Dates.— 1 lie table following shows the gross and net earnings of Steam railro
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the (Jhuoniclk of Jane 23, 1901.
The next will appear in the issue of July 20, 1901.
Gross Earnings.
Net Earnings.
Current
Previous
Current
Previous
Year.
Year.
Year
1'ear.
+
»
Roads.
*
i
174.482
167,919
45,093
AlabamaGt. So'th.aMay
43,784
2,028,593 1.988.378
592,130
July 1 to May 31
591,310
117,177
37,778
Bangor A Aroost'k.. May
107,032
38.726
495,460
July 1 to May 31 .. 1,321,806 1,117,373
446,608
,

[Attest

ROADB.

&

Charlotte Air Line. Apr.
Jan.
Bellefouto Central
Burlington Cedar Rap. A No. Jan.
Jan.
Central of New Jersey
J'uie
Chicago A North- Western
Chloano Rook Island A Pao.. Apr.
Ohio. St. P. Minn. .V- Omaha.. Jan.
Choctaw Oklahoma Jb Gulf.. Nov.
Jan.
Cumberland Valley
Deo.
Denver A Southwestern
Duluth South Sho. A Atlantic Jan.
East St Louis A Carondelet. Jan.
Jan.
Ft. Worth A Denver City
Oils Valley Globe A North'n. Jan.
International A Gt. North'n. Jan.
Deo.
Lehigh Valley RR
Lehigh Valley Coal
Deo.
Manlstique
Jan.
Mexican Central
Jan.
Mexican International
Jan.
Mexican National
Jan.
Mexican Railway
Jan.
Mexican Southern
Apr.
Missouri Pacttto
Jan.
Central Branch
Jan.
Total
Jan.
Monterey A Mexican Gulf
Jan.
Northern Central
Jan.
Ohio River
Jan.

Atlanta

Pacific Mall
May
Pennsylvania
Jan.
Pennsylvania & Northwes'n. Jan.
Pere M arq uette
Jan.

&

Philadelphia

Phlla. Wllm'g'n

Erie
jjan.
& Baltimore. Nov.

A

Pitts. Bessemer
Lake Erie. Jan.
Pitts. Clncln. Ohio.
St. L... Jan.
Rio Grande J unction
Deo.

8t

L. Vandalla

Qrosi Earning*.

Period.

&

A Terre H....

South Haven A Eastern
South. Missouri & Arkansas..
Terre Haute A Indianapolis..
Terre Haute <fe Peoria
Texas A Paolno
West Jersey & Seashore

Nov.
Jan.
Jan.

Nov.
Nov.
Jan.
Jan.

Current

Previa us

Year.

Tear.

to Feb. 28
tO May 31
to
to
to
to
to

to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to

to
to
to
to
to

to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to

2,470,627 2,2:-9,533
18,212
20,3! 7
June 21 2.24 8,027 2.116. MM
May 31 6.589.837 6,036.373
May 31 43,098.584 12.950,801
Maj 31 4.196,9.<4 3,555,', 87
May 31 3.987,451 3.713,257
June 21 2,921,530 1,895.124
400,178
36",026
May 31
Mar. 31
760,361
876,350
June 21 1,100,291 1,168,268
64.539
May 31
66,799
853913
May 31
600.925
May 31
146.478
155,504
June 30 2,200.604 1,813,561
13,1:54
11,914.581
May 31
3,1
May 31 10,862,621 8,518.8.5
46,423
May 31
49,289
June 21 8,474 00'i 8,535,768
May 31 2,473,994 2,232,558
Jiuio 21 3,688,548 3,824,176
June 15 2,042.900 2,184,700
188 517
June 14
197,615
June 30 15,938,95^ 13,792,196
591,437
608,311
June 30
June SO 16,523,999 14,401,205
560,92:May 31
581,636
May 3i 3,283,592 3,147,892
657,634
637,245
June 30
Mar. 31 2,885,691 3,461.753
May 81 37,026,576 33,628,476
225,526
227.045
Apr. 30
June 21 3,995,068 3,555,877
Apr. 30 1,797,667 1,522,384
May 31 6,625,156 6,332,156
Mar. 31
322,093
376,519
May 31 8,161,256 7,851,728
158,920
Mar. 31
148,087
May 31 1,143,384 1,092,691
19,00
15,022
May 31
May 31
87,034
68,409
927,544
May 31
893,145
270,838
May 31
318,899
June 21 5,270,267 3,835,110
May 31 1,163,728 1,074,828

Latest Gross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week.
The table covers the fourth week of Jane and
shows 0*97 per cent increase in the aggregate over the
follows

same week

last year.

.

Buffalo A S'squeh l> May
July 1 tO May 31 ..

65,792
45.991
659,338
686,609
anadian Paolno. a. Muy 2,654,847 2 662 s98
July 1 to May 81... 28,153,025 28,0 J6.711
.May 1.310,903 1,124,546
hesap. A Ohio.
July 1 to May 31. ..14,057,831 12,129,009
3,232,192 3,108,658
Ouio. M. A St. P.a May
38,813,022 38,465,486
July 1 to May 31.
Ohlo.R I. A Pao a.. May 2.205,824 1,795,630
Apr. 1 to May 31... 4,196,934 3,555,787
459,609
442,479
Oln. N. O. AT. P.a. MaiJuly 1 to May 31... 4,605,016 4,712,665
388,664
328.672
Colorado A South. bMay
July 1 to May 31... 4,301,608 8,862,132
84,708
74,239
Cumberland Val.b.May
368,02 6
400,178
Jan. 1 to May 81...
Uer, v. A Rio G'rte.b.May
930,913
872,576
July 1 to May 31... 10,463,151 9,329,028
168,548
125,669
Ft. W.& Den. City. May
853.913
600,925
Jan. 1 to May 81.—,
32.824
45,617
OllaVal.GlobeANo May
146,478
155,504
Jan. 1 to May 81...,
146,839
99,536
Indiana 111. A la. b. MayJuly 1 to May 31... 1,264,648 1,029,299
163.009
158,933
Iowa Central b... May
July lto May 31.... 2,120,855 2,144,752
33,161
31,876
Lexing'n AEast.b. May
823,662
277,042
July 1 to May 31...
2,528,279 2,260,768
(jonlsv. A Nashv.fc.May
July 1 to May bl.... 26.843,863 25,560,067
12,958
14,509
Lowell Eleo.Lt. Co. Apr.
132,342
151,805
July lto Apr. 3o....
Mexloan Central.. May 1,614,483 1,591,514
Jan. lto May 31.... 7,429,724 7,468,178
514.011
451,680
Mex. International. May
Jan. 1 to May 31.... 2,473,994 2,232,558
224,136
259,001
Minn. A St. Louls.a.May
July 1 to May 31.... 2,975,158 2,605,563
415,231
442,864
M.Bt. P.A8.8. M.bMay
July lto May 31 ... 4,086,344 4,752,699
640,175
575,339
Nash.Ch. ASt. L.b.May
July lto May 31.... 7,087,864 6,591,506
Sorfolk A West'n.a.May 1,343,976 1,281,591
.14,572,502 12,780,117
July 1 to May 31...."
661,965
679,965
Northern Central. b May
Jan. 1 to May 31.... 3,283,592 3,147,892
.

.

,

.

25,795
286,378

14,618
,425
1.079.670
11,428.052
325,102
3.89H.5-8

.010,284
10.987,943
394,797
4,896,870
783,063
603,500
13,263,327 12.489,235

593,280
1,119,035

117.076
1,184,495
90,635
1.122,519
24,559
125,007

479,553
935,544
103,824
1,315,747

59 385
1,029,779
14,385
113,819
358,290
80?,186
3,941,300 3,430,842
28,819
18.258
218,690
108,204
18.680
30,206
76,978
97.294
45,f03
65,308
483,425
337,011
46,605
15,874
437.739
581,533
13,671
12,534
125,008
106,991
764,915
616,089
9,151,462 8,463,526
5,448
3,736
51,733
48,646
529,990
577,532
2,185,342 2,535,830
245,230
194,367
1,123,283
904,182
86,638
80,557
1,211,970 1.080,036
184,403
204,859
1,754,305 2,436,951
181.694
189,141
2,318.904 2,214,492
510,928
506,552
5,860,963 5,043,850
191,607
183,807
355,569
820,969

Pennsylvaniaith week of June.

1901.

9
Buffalo Rooh. A Plttsb'g
Canadian Pacific. .......
Chesapeake A Ohio....
Chicago A East. Illinois
Chlc.Indlan'lls A Loulsv.

MUw. & St. Pan)
A Rio Grande...
Evansv. A Indianapolis.
Evansv. A Terre Haute

Chicago

Denver

Grand Trunk
)
Grand Trunk Western >
Det. Gd. H.

Hooking
Intern'l

<b

Gt. Northern.

Kanawha A Mlohlgau..
Mo. Paolno

A

Mob. Jackson

IrouMt...

A

K. City

.

Ohio River
Toledo A Ohio Central..

Wabash
Total '25 roads) ...

Net Increase

.0-97 p.

o.

Increase.

35,340

9
44,729
147,344
792,000
359,458
95,050
105,643
1,140,880
276.200
6,882
35,865

731,208

717,335

13,873

118,961
104.336
15,220
848,003
32.000
3,161
245,980
25.270
67,612
58,183
452,528
153,700

117,756
86,115
20,028
779,000
43,000

1,205
18,224

384,786
28,171
65,144
46,820
416,748
155,780

5.922.970

5,866322

43,768
147,661
807,000
391,287
99,798
99.723
1,129.094
307,200
5,934

AMllw..)

Valley...........

1900.

Decrease.

9

9

961

320
15,000
31.829
4,748

•

-•

5,920
11,786

31,000

.

-

-•

948
525

4,808

69,000
11.000

1,291

1,873

138,806
2,901
2,168
11,363
35,780

2.080

236,383
56.618

:..

179.735

Lines dlreotly operated
East of Pitts. A E.May 7,770,667 7,126,567 2,828,497 2,404,497
Jan. 1 to May 31 ...37,026,576 33,628,476 12,256,425 10,272,025
Ino. 222,200
Inc. 367,500
West of Pitts. AE.M ay
Inc. 633,300
Inc. 551.200
Jan. 1 to May 31....
344.387
333,387
Phll.WUm.ABalt.bMay 1.029,268
995,158
Nov. lto May 31.... 6,625,156 6,332,156 1,955,324 1,81*- ,524
44.557
20,815
42,315
16,765
Bio Grande South. bMay
485,468
236,305
229,736
500,771
July lto May 31 ...
655,002
351,815
283,496
5t.LoulsA8aDFr.b.May
864,667
July 1 to May 31.... 9,317,662 7,341,305 3,993,290 3,037,722
644,150
570,856
Southern Railw'y. a May 2,621,377 2,475,080
July lto May 31. ...31,084,997 28,957,848 9,578,737 8,933,073
156,148
49,291
27,921
181,509
St. Louis Divis'n. aMay
440,648
551,945
1,914,150 1,772,958
July lto May 31
67,217
67,417
272,350
257,550
V. Jersey A 8eash.bMay
217,577
183,877
1,163,728 1,074,828
Jan. 1 to May 31
147,403
172,508
488,803
439,254
Wisconsin Central bMay
July 1 to May 31.... 4,803,078 5,131,953 1,656,C85 1,856,340
a Net earnings here given are after deduotlng taxes.
b Net earnings here given are before deducting taxes.

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, 6tc, with the surplus
above or deficit below those charges.
—Int., rentals, etc.
-Bal. of Net Barn's.-*

—

Roads.

For the

third,

week

of

June our

statement oovers

final

and shows 8 60 per cent inorease
over the same week last year.
61 roads,

3d week

ot

June.

1901.

$

1900.

in the aggregate

Increase.

9
7,862,140
41,622
95,483
26,087
599,792
142,804
91,051
19,502
185,294
6,615

$
663.925
24.610

Pittsburg A Western....
8anta Fe Pres. A Phoenix.
Seaboard Air Line
Texas Central........ ....

8.497,996
69,232
97,374
25,090
684,756
171.148
87.581
19,05b
187,715
13,465

Total (61 roads)........

9,853,413

9,073,390

813,005
780,023

Previously rep'd<52 r'ds)
Choc. Okla. A Gulf
Kan. City Ft. 8. di Mem.

Kan. C. Mem. A Blrm.
Northern Paolflo
Pere Marquette, .........
.

Ret Inorease (860

p. o.).-

Decrease.

9
28.069

1,891

997
84,964
28,344

3.470

446
2,421
6,850

32,982

Ohio. R. Isl.APao. May
Apr. 1 to May 31...
Den. A R. Grande... May
July 1 to May 31...
Ind. 111. A Iowa
May

Current

Previous

Current

Year.

Year.

Year.
9

9
319,000
638,000
194,479

9
316,997
633,994
193,504

274,280
481,035
1163,229

Previous
Year.
9
162,556
301,550
199,316
11,362,246
27,211
24,581
475,301
319,315
2,957,866

2,193,134 2,167,509 11,856,373
42,380
18,292
22,928
35,983
164,560
145.711
Nashv. Chat.ASt.L.Mav
619,488
July lto May 31... 1,699,416 1,739,191
318,624
187,237
Sorfolk A West
192,299
May
July 1 to May 81... 2,057,418 2,085,984 8,803,545
def.1,218
2,482
17,983
Rio Grande South.. May
17,833
32,936
39,913
196,800
July 1 to May 31...
196,392
•42,729
•10,216
129.987
Wisconsin Central. May
138,198
•425,442
•181,176
July 1 to May 31... 1,493,216 1,440,265
reoelved.
lnoome
AJter allowing for other
for Discount and ExI These figures are after making deductions
change. After deduotlng $10,000 for 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
May 31, 1901, the deduction for this purpose was $130,000, against
$165,000 In 1900, leaving surplus for this year $1,726,373, against
$1,197,246 a year ago.

.).......

..

THE CHRONICLE.

30
We

give below the gross
Northern Pacific—
earnings, etc., of the Northern Pacific for May
eleven months to May 81.
,-July 1 to
May.
•1901.
*1900 01.
1900.
,

.

SR

ft

and net
and the
May

31.-*

1899 00.
S

JR

2,839,378
1,682.110

2.497,310 29,711,941 27.524,242
1.40S.999 14,989,960 12,899,528

Netearnlngs
1,157,268
Taxes, rentals.bet'm'ts.&o 258.729

1,088,311 14,721,981 14.ti24.714
217,965 2,752,772 2.9C2.631

Net operating income. 898,539
Mlncellaneous income, not
Including land sales
24,747
Net income—
Main system
923,286
16,146
Proprietary lines

840,346 11,969,209 11,662,083

939,432

929,677 12,798,902 12,474,710

Gross earnings
Operating expenses

Total
*

Operations of the

Paul

St.

& Duluth tnoluded

from July

1,

STREET RAILWAYS AND TRACTION COMPANIES.
Jan. 1

Latest Cross Earnings.

Our'nt Prev'us
Tear.

Tear.

to Latest

Date

Current

Previous

Tear.

Tear.

$

Amerioan R'ys. Co. J. May
Blnghamton BR
May

297,379 282,465
69,534
65,319
May
1.075.576 1.086,840 4,782,217 4,743,149
Br'klyn Rap.Tr. Co.
14,167 12,415
Chicago & Mil. Elec. May
48,209
39,337
69,841 64,424 312,437
295,992
Oln. Newp. & Cov.... May
3,846
3,435
15,997
16,198
City Elec. (Rome.Ga.) May
187,050! 170,839
854,595 791,977
Cleveland Electrio . May
10,184!
8,966
36,202
31,593
April
Cleve. Palnsv. & E.
264,383 249,712 1,185,317 1,118,707
Oonsol. Trao. (Pitts.) May
9,365
9,714
38,279
Dart & W'port St. Ry May
35,523
125,244 108,375 560,541
487,522
Denver City Tram.. . May
36.885
Det. Rooh. Ro. & L.O. May
15,703
Detroit United
3d wk J'ne 57,458 49,868 1,179,066 1,082,271
Dnlnth-Sup. Tract.
37,106 34,418
131,869
Duluth St. Ry.... \ April
*8,365 *16,741
Galveston City
April
Harrisbnrg Traction. May
32,298 29,930 136,885 128,619
73,266
15.678

68,620
14.184

.

.

Herkimer Mohawkllion&F'kfortEl.Ry. May..

4,508

Internat'l Traotlon—
(Buffalo)

April.
Castle Traction. April.

New
New London St. Ry

May..
Northern Ohio Tract. May..
Ogdensburg St. By.. May..
Olean St. Ry
April.
Philadelphia Comp'y May..
Railways Co.Gen.—
Roads
May..
.

17,484
1,604
17,379

May.

Light Co's

Richmond Traotlon.

4,146

21,834

21,768

283,403 203,389 1,222,274 1,007,490
10,566
9,342
48,278
43,294
10,003
7,345
8,205
8,463
4,752
18,129
446,447 442,036 1,963,1 »9 1,909,065
160,612 151,540 715,498
670,823
5,334
5,706
6,218
6,372
22,854
23,018
8,720
9,059
32.525
34,642
4.030
4,613
17,994
15,710
48,505 42,450 197,913 165,189
1,634
1,703
6,342
6,837
3.750
3.505
14.754
13,773
223,426 178,858 1,536,475 1,286,200

Newburg St. Ry

April.

15,499

69,196
8,372
60,339

53,050

36,=>96 34,355
Gas& Ry
May
164,342 150,276
Bcranton Railway... May
55,110 51,892 250,600 232,975
Southern Ohio Traot. May
28.017 21,585
113,050
100,822
Btaten Island Eleo.
March
36,595
35,179
23,704
Taooma By. & Power May
29,447
133,060
110,702
Toronto Ry
39,644
4thwkJne 44.555
744,391 684,144
Twin City Rap. Tran. May
251,946 224 927 1,178.258 1,086,395
Union (N. Bedford).. May
20,821 21,028
94,826
89,520
Union Traction Co.
(Anderson. Ind)
May..
60,392 37,995
264,047 169,414
United P. & Transp.. April.,
-Sine. 15 .930
5 Inc. 39, 705
Un'd Bys.Co.St.Loui8 May..
508,420 166,925 2,276,097 1.968,369
United Traction— >
[73,152 116,605 496,143 519,499
Albany City J May.
United Tract. (Pitta.) May
179,400 170,901 783,478 740,763
United Tract. (Prov.) May.
221,500' 198,472
968,229 871,220
.

. .

These are results for properties owned

Only 13 cars operated this ye*' against 30 a year ago.
t Strike in May, 1900.
JStrike in May, 1901.

*

—

'461,545

31....

9.345
37.380

8.944
35,750

9,595
30,987

13,124
33,335

ANNUAL REPORTS.
Dominion Coal Company.
('Statement for year ended Feb. 28, 1901.)
President Henry M. Whitney says in substance:
The business has increased at an exceedingly rapid rate during
the last few years, and It was found necessary to Increase the
filant very materially to provide the required ourput. During the
ast year the company expended a large amount of money In these
improvements and extensions. Six large air compressors of an aggregate capacity of 300-h. -p. have been installed. This additional air
compressing plant will enable the company to mine a very large portion of its ooal by machinery, thus increasing the output per man.
This latter consideration is of the utmost importance, as it would be
Impossible to supply the present demand with the amount of skilled
miners available in Nova Scotia.
Besides increasing the output from the older collieries, two new collieries have been opened, one of whioh is now producing 1,000 tons
per day. A large amount of work has been done on Dominion No. 2
colliery which, when completed, will be ithe largest colliery of the
company. At Louisburg a coal-loading apparatus has been installed,
which reduces the time required for loading a steamer to about onethird of that required by the old methods. The foregoing improvements and extensions were not so far completed as to be of much
benefit during the summer of 1900, and as a result the company was
unable to mine the ooal to till Its contracts, and was obliged to oanoel
some of them, and also to send a large quantity by rail to Montreal in
the winter season at very largely inoreased expense over the cost of
shipping by water. The company is now in position to supply all
present demands, and will make large savings in transportation expenses. Ten thousand shares of preferred stock have been sold at
$110 per share.
OUTPUT IN TONS FOB THE TEAB8 ENDING FEB. 28.
(estimated). 2,600,000 1898
1,061,669
1902
2,044,877 1897
1901
1,221,471
1896
1,739,374
1,169,785
1900
1895
1,295,54.*
884,000
1899
Earnings and Balance Sheet. Earnings, etc., have been:
i

|
I

|

—

1901.

Roads.

Gross Earnings.
Current Previous

May

31....

Ifet Earnings.—«

Current

Tear.

Tear.

Tear.

S

$
203,389
2,331,632

$
120,993
1,303,217

Previous
Tear.
$
87,903
1,085,749

34,355
121,465

18,940
68,367

22,068
69,085

Internat'lTr. (Buff.)May
283,403
July 1 to May 31
2,698,322
Sacramento Electric Gas

Feb. 1 to

. ,

36,596
132,237

1899.

x$687,294 $746,926 $679,305

real estate, eto
reo'd on pref. stock

100,000

Total net Income

Deduct payments,

Renewals and extensions at mines
Interest on bonds
Other interest, etc
Sinking fund

dividend (8 p.
Charged off.

c.)

on pref stook
.

$746,926 $679,305

$167,670
47,318
95,743
213,333
104,018

$89,741
172,575 $176,100
48,119
20,208
86,352
57,210
160,000
160,000
125,178
52,526

$628,112
$159,182

Total, including dividends
Balanoe, surplus over dividends

x After

$787,294

vis.:

$681,965
$64,961

$166,044
$213,251

deducting in this year renewals and extensions at mines

BALANCE SHEET FEB.

28.

1900.

1899.

21,333,163
140,324
Gash in banks and offices
71,345
Accounts and bills receivable...
555,250
Balances due from agts. & ooal.
445,327
New supplies in ware'e & stores
Cash in Trust Co. for coupons..
136,402
Cash in Trust Co. for sink.fd.eto.
23,905
Miscellaneous

20,249,722
171,418
122,669
448,631
178,282
87,690
130,835
37,562

20,106,108
44,518
112,752
333,772
127,873
89,595
132,458
36,036

22,705,718

21,426,809

20,984,614

15,000,000
3,000,000
2,801.500
1,105,000

15,000,000
2,000,000
2,876.500
752,867
87,690

1901.

Property accounts

Total
Liabilities—
Capital stock, common
Capital stock, preferred
First mtge. 6s, due 1913
Bills

payable

Unpaid coupons
Unpaid dividends
Sinking fund
Dividend two months
Eoyalty
Accounts payable

-V.

$

$

40,00
87,616
78,758
592,843

26,667
78,682
168,407
433,664

15,000,000
2,000,000
2,935,000
148,771
89,595
1,848
57,210
26,666
36.820
320,000
368,702

22,705,718

21,426,809

20,984,614

2,33 i

Total

—

1900.

Net proceeds of coal and net Income
from steamships, railroads, barges,

Balance,, general surplus

Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of June 22, 1901.
The next will appear
in the issue of July 20, 1901.
i

9
*15,572
•326.520

Assets —

Sacramento Electric

6

Tear.

78,250
832,212

Premium

May..
Lehigh Traction
May.
London St. Ry.(Oan.) May..
Lorain & Cleveland.. May..
Mad. (Wis.) Elect. Ry. April.
Mass. Eleo. Co.'s
May..
Montreal Street Ry.. May..
Muscatine St. Ry.... May..

Tear.
9
'38,569

90,686
936,336

1900.

—

Week or Mo

May

Tear.
9

9

After allowing for other lnoome reoelved.

The following table shows the gross earnings for the latest
period of all street railways from which we are abie 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 from January 1 to and including such
latest week or month.

Gross

Tear.

Roads.
InternatMTr. (BofL)Mav
July 1 to May 31
Baoramento Eli oti
A Railway Co
May

900,372 12,556,534 12,180,854
242,368
293,856
29,305

STREET RAILWAYS AND TRACTION COMPANIES.

Earnings.

Interest Charges and Surplus.— The following 8treet

518,771

587,325

60,026

LXXIj]

railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest. &c, with the
surplus or deficit above or below those charges.
Int. .rentals, etc.
.^-Bal.of Net Earn'1.-*
Current Previous
Current
Previous

Feb. 1 to

—^—^—

("Vol.

72, p. 991.

North American Company.
(Report for the

fiscal

year ending

May

31, 1901. J

tables from the report were given on June 22. President C. W. Wetmore, in his statement to the stockholders,
says in substance:
Capitalisation.— On Jan. 21, 1901, the shareholders voted to reduce
the capitalization from the authorized limit of $50,000,000, of which
$39,789,200 was then outstanding, to $12,000,000, by surrendering
3!o shares of the old stock for one share of the new, making the new
issue upon complete conversion $11,936,700, par value. The reduction became effective on Jan. 22. It is recommended that authority
now be granted to make the outstanding as well as the authorized
capital stook an even $12,000,000.
Milwaukee Electric Iiy. <£ Light Co.— Important changes and readjustments have taken place In certain of the investments since the
last annual report. On Feb. 1, 1901, the company's holdings of preferred oapltal stook of the Milwaukee Electric By. <fe Light Co. were
sold, with the exception of 52 shares. Your company has added to its
ownership of the oommon stock, and now owns, with a trifling exoep-

The

July

G,

THE CHRONICLE.

1901. J

The busnif^ of tho Milwaukee
companies has continue. lo
Epand. A
comprehensive forecast of the development and financial di eda o
company, oovering a period of five years, has received oareful <
eratlon. and the matured plan 1« new lu process of Initiation. W
no reason for any abatement 01 'the oonndeooa In the future ol iliin
property, and look forward to placing the common shan-n on an
an investment plane as thatnow occupied by the preferred shun
cently marketed.
Union Light Heat cf Power Co —During the pant year your oompanj
has purchased the following properties, Nttuated in the oltles Ol
lngton, Newport, Dayton and Bellevue, Kentucky, Immediately opposite Cincinnati, on the south bank of the Ohio Kiver. whlob OOUBtitute
browing population, namel]
nraotioally a continuous city, with
Dayton Eleo. Light A Power Co.,
Suburban Eleotrio Co.,
Kentucky Eleotrio Co.,
Covington Oas Light Co.
Bellevue Water & Fuel (las Lt. Co.
Newport Light Co.
The ownership of these companies has been consolidated in a new
corporation, called the Union Light, Heat & Power Co., a lari;e majority or the capital stock of which Is owned by your company. The
oomplete consolidation was effected within tho past month and the
business of the new company promises very satisfactory results. (V.
72 p. 992.)
Cincinnati Has <£ Electric Co.— The plans for the rapid development
of the business of the Cincinnati Edison Eleotrio Co. were prose
outed during the past year with the utmost vigor, with the result that
an agreement of consolidation with the Cincinnati Gas Light A Coke
Co. on terms satisfactory to us was finally ratified on May t> last and
tion, the entire Issue of that stock.

Company and

its atlillateil

t

«

'•

I

:

Immediately carried Into eft'eot. The Cincinnati Oas A Eleotrio Co. now
owns all the gas and eleotrio lighting and power Interests In Cincinnati, and its directory and official personnel have been organized by
mutual agreement between the former competing interests. The com
pany has no bonded or other indebtedness, ezoept that the property of
the Cincinnati Edison Eleotrio Co. still remains subject to $1,500,000
par value of Its first mortgage bonds, which oould not be retired, and
for which provision has been made by the deposit of shares of trie capital stock of the new company. The prospeots for largely expanding
the business, both gas and eleotrio. and for a prosperous future for
the company are very flattering. (V. 72. p. 938, 734, 724.)
Profit and Loss.— The oredit balance of the profit and loss aooount
for the period of four months ending May 31, 1901, amounts to $2,307,24 5, of which $80,283 has been oarrled to "profit ana loss" aooount and the balance has been carried to "unrealized profit" account,
for the reason that lt is represented by securities still unsold, which It
is expected to hold indefinitely and the values of which may change
before realization. In the balance sheet submitted on Feb. 1, 1901,
to the New York Stock Exchange there appeared the following Item:
"Good-will, contracts, etc $2,679,515," being the balanoe in excess
of the cash valuation placed at that time upon the remaining tangible
assets ef the company. The board of direotors, out of the profits of
the four months' period referred to. have appropriated the sum of
$679,516 in reduction of this aooount, leaving a balanoe now in "goodwill account" of $2,000,000. In closing the entries for the year the
direotors have placed upon such of the securities owned by the company as are listed upon the New York Stook Exchange (consisting entirely of high-class railway bonds) the aotual cash cost thereof to the
company (which Is somewhat less than the bid prloes for these securities as of May 31, 1901). They have placed upon the other securities
where quoted on local exchanges a price somewhat lower than the
aotual quotation, and on those not having an established market a
valuation based upon intrinsio merit estimated according to their best
judgment. 8ee also V. 72, p. 1236.— V. 72, p. 1236, 343, 337.

GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
American Railways. — Consolidation Plan

now

Fails.

— It

is

generally understood that the plan for consolidating
this company and the Electric Co. of America has failed.
Current reports, moreover, say that the United Gas Improvement Co. has sold its interest in the last-named company.—

V.

72, p. 1278, 1086.

(N. Y.) Street RR.— Increase of Stock.— The
shareholders will vote July 18 upon increasing the capital
stock from §250,000 to $1,000,000. The company operates four
miles of track, but it is stated proposes to extend its road to

Amsterdam

Rockton and Hagaman, 4
to Schenectady, 18 miles.
$219,900 is owned by the

and also from Amsterdam
Of the $239,800 stock outstanding,
Fonda Johnstown & Gloversville

miles,

(Steam) RR.— V. 71, p. 181.
Atlantic City RR.— New Mortgage.—The shareholders
have authorized a consolidated mortgage to secure an issue
of $4,500,000 4 per cent gold bonds, of which $3,300,000 are
reserved to retire at or before maturity the Atlantic City
RR. bonds of 1889 and the bonds of the Sea Coast RR.— V.
72, p. 1278, 1079.

31

—

/if.
W. L.
Chicago Uuiou Traction Co.— Fran
ISlkineKlkins of Philadelphia, representing the \Y
Ition in the Unil
Whitney syndicate on Jane 25 file
t-t Circuit Court at Chicago, asking that the city r>untd from interfering with the operation of the \V
and North Chicago street railways. T
'ill
were it.
is the Court to declare that the companies
by the State with franchises good until :%1 ami that thecity
he further restrained from forefeiting 'he charters on July
As to these franchises see Union Traction Co., v.
30, 1903.

72, p. 1137.

Mayor Harrison

is

quoted as saying

:

the court holds against lt the oity can go on aod parallel
the company's lines, giving franchises to rival corporations, we
put on a oar license that will lie held reasonable and at the same
At tli<- worst the 99-year Aot
will bring, the company to ItsseuseH.
applies only to certain streets on which frai ohlaei had been given at
the tlmeof the^passage of the Act of 1HB5. The claim that more recent
franchises rest on the same Act Is absurd."

MCven

if

I

The City Council also is threatening retaliatory measures,
such as the enforcement of paving and other laws with
which the company has not been obliged strictly to comply.
Bonds Offered.— N W. Harris & Co. offer to investors
$250,000 of the new i% P er cen t refunding mortgage gold
bonds of the North Chicago Street RR. Co. See page 25 of
Stheet Railway Supplement.— V. 72, p. 1137, 1079.
.

Chicago & Western Indiana RR.— Bonds.—The shareholders recently authorized a new consolidated mortgage to
secure $50,000,000 of 50-year gold bonds bearing interest not
Of the new issue about
to exceed 4 per cent per annum.
$10,230,000 will be reserved against the retirement of the
present bonds outstanding, which are gradually being redeemed by the sinking fund. The directors have authorized
the issue of $6,000,000 of the new bonds at once in order to
obtain the funds necessary to pay for the track elevation now
being nnder way from 22d St. to 73d St., and for other necessary improvements.— V. 72, p. 1185.
Cincinnati Hamilton
See Dayton Germantown

-V.

& Dayton Traction Co.— Sale,—

& Middletown

Traction Co. below.

64, p. 82.

Cincinnati Jackson & Mackinaw Ry.— Deposits.—The
Martin committee gives notice that a majority of certificates
of interest in the hands of the public has united under the
agreement of June 6, 1901. The court, the committee states,
has refused to grant relief to certificate holders who are not
represented.

Decision.— The Martin committee further announces that
Judge Wilmot M. Smith, in Brooklyn, on the 2d inst.
handed down a decision to the effect that the action of the
Olcott reorganization committee in pledging the securities
of the company was without any authority or power, and
that the stockholders must receive the shares of stock provided for under the reorganization plan, or else the said committee must be enjoined. The plan proposed the issue of preferred stock for the bonds and a reduction in the capital stock
from $16,300,000 to $3,260,000, but the conditions being unfavorable, the plan was never carried out, and instead the reorganization committee pledged the deposited stocks and bonds
as collateral security for a $1,000,000 loan. Default having
been made on this loan, the securities were recently sold at
auction. Schmidt
Gallatin, 45 Broadway, represent the

&

Martin committee.—V. 72, p. 1135, 1034.
Cincinnati New Orleans & Texas Pacific Ry.—The form
of contract to govern the extension of the company's lease
of the Cincinnati Southern Ry. Co. was approved on June 29
by the Cincinnati Southern trustees by a vote of 3 for and 2
against. The form of contract to govern the issuing of $2,500,000 of bonds for terminals and the providing of the said
terminals by the Southern trustees was also approved. The
lease contract was given in full in the "Cincinnati Enquirer"
of June 23, the main change since being in Section 11, which
now provides for the settlement of disputes by a court instead of by arbitration. If the lessee company accepts the
contract as amended, it will then go to the sinking fund
trustees, who, it is thought, will not act upon it until the latter part of September. Their approval will be followed by a
submission of the matter to the voters of Cincinnati at the

Ballston Terminal RR.— New Securities.—The State Railroad Commission has approved the proposed increase of the
capital stock from $300,000 to $1,500,000 and the making of a
mortgage for $1,200,000. The company contemplates build- November election.— V. 72, p. 821, 775.
ing twenty miles of new road.— V. 72, p. 1033.
Cleveland (0.) Electric Ry.— Consolidation.— The ''CleveBoston & Maine RR.— Purchase.— See Concord Street Ry. land Leader" of June 30, said
It is now declared to be simply a question of weeks when all the
below.—V. 72, p. 987, 531.
street railways In Cleveland will be merged into one big corporation
Brooklyn Rapid Transit Co.— Mandamus.— Justice Gay- under the name of the Cleveland Eleotrio Ry. Co. Negotiations are In
on June 29 issued a mandamus requiring the operation of progress looking to the combination of the Cleveland Eleotrio Ry. and
elevated trains direct to Cypress Hills as they were operated Cleveland City Ry.
"It is only a matter of time," said President Henry A. Everett,
prior to April 1 1900, when the East New York loop was of the Cleveland Eleotrio Ry. a few days ago. "before the two systems
will he operated by one company. A majority of the shareholders of
constructed. See decision V. 72, p. 1187.— V. 72, p. 1279.
the Cleveland City
is L in favor of consolidation, and it will not be
Calgary & Edmonton Ry.— In terest The subsidy from long before things Ry.
are In shape to carry the transaction through.
the Canadian Government for the six months ended June 30, Everyone agrees, with the possible exception of half a dozen persons,
together with the net earnings to April 30 last, permitted of that In consolidation would be found the solution to a number of
a distribution of £2 per cent in respect of the interest due vexing problems."— V. 72, p. 1279, 532.
Concord (N. H.) Street Ry.— Control Sold.— President AlJuly 1, leaving a balance of about $60,000 to be carried forbin and associates have sold more than three-fourths of the
ward. -V. 69, p. 1345.
capital stock to Lucius Tuttle and others identified with the
Central Branch
Listed.— The New York Stock Boston Sc Maine RR.
Co.
Exchange has listed the $3,459,000 first mortgage 4 p. c. gold
Dayton
Germantown & Middletown Traction Co.— Purbonds of 1919, guaranteed by the Missouri Pacific Ry. (See
chase.— This new company has secured an option on the line
guaranty, V. 70, p. 279; also see V. 68, p. 329).
Earnings.— The earnings for the four months ended April of the Cincinnati Hamilton & Dayton Traction Co. at MidBroker
dletown, O. J. O. Arnold; Henry Reynolds and
30, 1901, were
Lindsay of Dayton are interested in the road, which is to beGross.
JTet.
Other Inc.
All Charges.
Surplus.
gin at the Dayton Soldiers' Home and run through Farmers$395,405
$85,751
$2,486
$80,0tS7
$8,170
-V. 70, p. 1148.
ville and Germantown to Middletown.
:

,

—

Ry—

THE CHRONICLE.

32

Delaware & Hndson Co.— Canal. -The "Kingston |N. Y.]
Argus" says that of the canal formerly owned by thia company the portion above Ellenville will be abandoned to-morrow and tho part above Alligerville on Jnly 26. This, it is
said, means a practical abandonment above High Falls.
this point to Eddyville it will continne to be used to
carry the product of the cement region.— V. 72, p. J*7, -37

From

(

«1

Fair Haven & Westvllle (Electric) RR. of New Haven,
Conn.— New Stock.— The shareholders will meet July 9 to
vote on issuing $500,000 new stock to provide for recent improvements; also to consider building an extension to Derby.
Winchester Ave. RR —The company, it is stated, has assumed entire control of the lines of the Winchester Avenue
V. 72, p. 4S0.
Fort Plain & Richfield Springs Ry.—Receiver.— At Syracuse recently Judge Frank H. Hisaock in the foreclosure
proceedings of ihe Farmers' Iran & Trust Co., trustee, appointed Charles Siedler, New York, as receiver of the propThe order of the Court restrains the company from
erty.
issuing any of its treasury bonds, as it is understood was proposed. The road was graded in 1894 from Fort Plain to
Richfield Springs, N. Y., 30 miles, but has never been completed and put in operation. A mortgage for $150,000 was
made in 1894—V. 66, p. 183.
Frostburg Eckhart & Cumberland (Md.) Electric Ry.—
Mortgages.— This company has made a mortgage for $250,000
and tne Lonaconing Midland & Frostburg Ry. one for $200,000,
both in favor of the Real Estate Trust Co. of Phildelphia.
The railway is being constructed between Cumberland and
Lonaconing, Md., 22 miles, through the George's Creek mining region by the Penn State Construction Company of Phil-

RR—

adelphia.

Georgia Florida & Alabama Ry.— Mortgage.— This company, whose name was recently changed from Georgia Pine
Railway of Georgia, has made a mortgage to the Manhattan
Trust Co. of New York to secure an issue of $550,000 first
mortgage 50 year 5 per cent gold bonds, dated July 1. The
road extends from Arlington to Bainbridge, Ga., 40 miles,
and an extension from the latter point to Tallahassee, Fla.,
41 miles, is under construction and expected to be completed
about Jan. 1 next. A further extension is also projected
from Arlington to Columbus, Ga. The capital stock author-

LXXLI

[Vol.

Mllwnnkee Electric Ry. & Light Co. — Plan*.— Sea report
North American Co. on peg? 30 —V. 78, p. 776.
Mineral Range RK.— Statu*.— This company, which late
in December lait opened Its South Range extension from

of

Keweenaw Bay, Mich., to Riddlet Junction, 36 miles, has,
we learn, issued $1,000,000 new general mortgage 50 yesr 4
p-r cent bond*, due 1951. The entire authorized amount of
consolidated mortgage bonds due 1981, Tiz. $600,000, is also
outstanding (against $889,000 on Dec. 81, 1900), of which
$316,000 bear 6 per cent interest and $254,000 have the interest reduced to 4 per cent.
Of the stock, the authorized
amount of which was recently increased to $-00,000, there
has been issued $643,400, against $393,4fi0 on Dec. 31. The
loans and bills payable, amounting on Dec. 31 to $1,233,951,
have presumably been wholly or mostly retired. V. 72, p,

—

821.

New

Jersey

&

Staten Island Junction

— This company, which proposes

RR.— Grading

Be-

to build a railroad tunnel 2 miles in length from Sixty-fifth St., Brooklyn, to
Stapleton, and 12 miles of railroad on Staten Island, has begun grading in the neighborhood of the Arthur Kill bridge.
The company's President is Stephen M. Hoye, an attorney of
No. 189 Montague St., Brooklyn; Thomas Adams Jr. of No.
21 Park Row is chairman of the executive board. The office
is in the Morton Building, Nassau St., Manhattan.— V. 72,

gun.

p. 137.

New Mexico Railway & Coal Co.— Removal Notice.— The
offices are now in the Bishop Building, 76 William

New York
St., cor.

Liberty.

Guranty

—The

guaranty endorsed on the El Paso

& Rock

Island 50-year 1st 53 of 1901 is as follows:
New Mexico Railway & Coal Co., a corporation organized under the
laws of the Sta.te of New Jersey, for valuereceived, hereby guarantees
the prompt payment at maturity of the principal of the within bond
and of the several Instalments of Interest thereon, represented by the
interest ooupons hereto attached. In witness whereof said guarantor
has caused its corporate seal to be hereto affixed and attested by its
Secretary, and this Instrument to be signed by Its President. New
Mexico Railway & Goal Co.

By

Attested,
-V. 72, p. 1035.

,

,

President.

Seoretary.

—

—

Consolidation.
This
Northern Texas Traction Co.
company, controlled by a syndicate of Cleveland capitalists,
ized and issued is $350,000. The officers are: President, J. P. has, it is stated, acquired the Fort Worth Street Ry. and the
"Williams, Savannah, Ga. Vice-President and General Super- City Street Ry. of that city, both together having 20 miles of
intendent, R. B. Coleman, Bainbridge, Ga.; Secretary and track, and under special Act of the Texas Legislature, passed
in April last, now has under construction an interurban line
Treasurer, J. O. Hatch, Savannah, Ga.
Pine
Change
Name.
See
Georgia
Georgia
Ry.—
Flor- between Dallas and Fort Worth, about 32 miles, of which, it
of
A franchise to
is reported, about one-half has been graded.
ida & Alabama Ry. above.
enter Dallas, it is said, has been obtained. Under the Act,
Great Northern Ry. of Canada.— Bonds.— The share- the company cannot acquire or operate any lines in Dallas
holders will vote Jaly 17 on a proposition to issue equipment
except in so far as may be necessary to obtain a proper enbonds and to accept the Act passed at the last session of the
trance into the city. The Fort Worth lines are to be changed
Dominion Parliament as to the ranking of the company's
to standard- gauge and the interurban line is also to be made
bonds; also to authorize the building of the following extenstandard- gauge and laid with 75 lb rail. All contracts for
sions From Grand Mere or Garneau Junction to a point
The
electrical equipment, it is stated, have been made.
on tne Lake St. John Ry., in the County of Portneuf, or the stockholders this month authorized an increase of the stock
County of Quebec; also from Hawkesbury to South Indian.
The officers are:
The stockholders may also be asked to authorize the issue of to $2,000,000.
President, George T. Bishop, Cleveland, Ohic; First Vioe-Presidest,
bonds on these extensions not exceeding $20,000 per mile.— Johu Sherwln, Cleveland; Second Vice-President and Gen'l Manager,
V. 72, p. 988.
P. M. Haines, Fort Worth; Secretary and Treasurer, George F. McCleveland; Assistant Secretary and Treasurer, C. A. Taj lor,
Herkimer Mohawk Ilion & Frankfort Ry.— Officers.— The Kay,
Fort Worth.
following officers have been elected:
See V. 71, p. 492 and Street Railway Supplement, page
President, Thomas R. Prootor; Vice-President, Horaoe E. Andrews
;

—

:

Treasurer, Charles B. Rogers; Secretary, W. N. Kernan.— V. 72, p. 1 1 87.

40.

Kansas City Watkins & Gulf Ry. -Interest Payment.— Receiver Henry B. Kane, under order of Court, is paying onehalf of the face amount of all coupons on the mortgage
bonds maturing July 1, 1901, on presentation at his office in
Lake Charles, La., or at the office of the Farmers' Loan &

Northwestern Elevated RR.— Authorized.—The holders of
stock trust certificates on July 1 approved the proposition to
to issue the new first refunding
buy the Union Elevated
bonds and to increase the capital stock to provide for the
convertiole feature of the bonds. The stockholders will on
Aug. 1 ratify these matters. See particulars in V. 72, p. 1031.

Trust Co.,

New

York.

Said coupons,

when

so paid, are

RR

,

stamped "half paid."— V. 67, p. 73.
St. Lonis & San Francisco RR.— Deposits.— More than a
Lake Street Elevated RR. of Chicago.— Guaranty.— As is majority of the underlying bonds was deposited under the
well known, the company is re-is9uing its first mortgage refunding plan prior to July 1, and a considerable amount
bonds in exchange for the debenture bonds issued under the has been deposited since. The time for making deposits exreadjustment of 1895. The plan of limiting the first mortgage issue absolutely to $6,000,000 was foreshadowed in the
Chronicle of June 8, page 1136. It is now announced that
provided this is done, the Northwestern Elevated RR. Co.,
which guaranteed the debentures, will extend its guaranty
to the first mortgage bonds.— V. 72, p. 1136.
Lonaconing Midland & Frostburg Ry. Mortgage.—
See Frostburg Eckhart & Cumberland Electric Ry. above.
Long Island RR.— Decision. Justice Marean, in the
equity term of the Supreme Court at Brooklyn on June
27, rendered a decision in favor of the Brooklyn & Rockaway
Beach RR. Co. in its suit to recover possession of a section of
its right of way, about a mile in length, extending from East
New York to the Cooper Street junction. This section was
leased and built upon in 1877 by one of the companies afterwards merged in the New York Brooklyn & Manhattan
Beach RR. The last-named road is operated under lease by

—

—

the Long Island RR. Co., and the section in question is part
of the main line to Coney Island, and also a link in the new
route projected by the Pennsylvania RR. Co. to run from the
terminus of a new ferry at Bay Ridge to a connection with
the New York New Haven
Hartford RR. (See V. 72, p.
1279.) The case will be appealed.— V. 72, p. 1279, 1237.
Metropolitan Street Ry. of New York.—Express Service.—
See New York Electric Vehicle & Transportation Co. below.

&

V.

72, p. 1237, 1080.

The next step in the refunding will probably
pires to-day.
be the calling in of certain of the bonds which by their terms
are redeemable. The new bonds have all been signed and as
soon as they can be countersigned by the trustee will be
ready for delivery, probably within two weeks. V. 72, p.

—

12S0.

Ohio Southern RR.— Deposits.—The time for deposit of
the second mortgage bonds and stock for the purpose of participating in the new Detroit Southern Company expired on
July 1. Holders of over 90 per cent of both classes of stocks
accepted the terms offered. — V. 72, p. 1238.
Oneonta (N. Y.) Cooperstown & Richfield Springs Electric Ry.— Securities.— The State Railroad Commission has
authorized the company to, increase its capital stock from
$750,000 to $1,000,000. Interest on an issue of first mortgage 5 per cent bonds is payable on Jan. 1 and July 1 at
the Knickerbocker Trust Co. It is hoped to have the road
in operation from Oneonta, N. Y., via Cooperstown, to RichConstruction has been in progress
field Springs, in the fall.
for several weeks on the southern end of the line. Dr. N.
G-etman of Richfield Springs is President.
Philadelphia Street Railways.— Mr. Wanamaker's New
Proposition.— On Jane 21 John Wanamaker, renewing his
O^fer to the city of S2, 500,000 for the rapid transit franchises,
offered also $500,000 as bonus to Congressman Foederer and
his associates if they would convey to him the grants and

JCLY

THE CHRONICLE.

6, 1901.]

corporate privileges they now possess. He also agreed to
guarantee three-cent fares duriDg certain hoars of the day
and to return the franchises to the city any time within ten
years provided the city pay back the actual money invested.
If his offer is not acceptable, he says he would like to know
what sum would be satisfactory as compensating the owners
of the franchises for what had cost them nothing—or nothing
that could be publicly avowed.— V. 72, p. 1188.

Pittsburg McKeeeport A Cireennburg
— "This
company
a consolidation of

Rj.— Bonds

Offered.

the Greensburg <V
Hempfield Rv. and the Westmoreland Ry., two established
lines at Greensburg, Pa. (in the vicinity of Pittsburg), having 14 miles in operation and 20 miles in course of construcA first
tion, making in all 1)4 miles of continuous line."
mortgage for $1,500,000 has been made securing 5 per cent
thirty-year gold bonds (free of tax) dated July 1. 1901, deis

nomination $1,000, due July 1, 1931. Coupons payable at
Harrisbnrg Trust Co., Harrisburg, Pa., trustee of mortgage,
Manufacturers Trust Co., Providence, R. I. The authorized
issue at the present time is $1,000,000, of which $478,000 bonds
have already been sold for investment and the remaining
$627,000 were offered this week at 102*£ and interest by or
through the following institutions and firms:
Manufacturer!*' Trust Co., Commercial National Bank and E. M.
Prlndle&Co., Provldenoe, R. I.; State Bank, Hartford, Conn.; O. II.
White* Co., New York, 71 Broadway; First National Bank, Greens
bur,', Pa Harrisburg Trust Co., Harrisburg, Pa.
An advertisement says in substance:
This system when completed will serve directly several important
cities and towns Dearly joining eaoh other, besides the extensive ooke,
ooal and Iron manufacturing communities which are even of greater
population than the towns themselves. All franchises are perpetual,
and a great portion of the road is over private right of way, owned by
the company. Two parks are owned in fee, affording permanent
features of value and profit. Greensburg, the county Heat, attracts
constant travel from all parts of Westmoreland County. The system
directly serves a population of 100.000 alonj? the line, and in 'addition
Pittsburg and vicinity are reached by'.the through service from Greensburg (over connecting lines).
Pittsburg & Western Ry.— Made Standard Gauge— In 12
hours on June 30 the 31 miles of track, comprising the entire
northern division from Butler to Foxburg, was changed from
;

narrow to standard gauge.— V. 72, p. 1238.
Providence & Fall River (Electric) Ry.— in. Operation.—
The company's new line between Providence and Fall River
was put n operation for its entire length, about 14 miles, on
June 30. The company was incorporated in March last with
§200,000 capital stock. The officers are: President, John J.
Whipple; Vice-President, W. H. Trumbull; Treasurer and
Clerk, Geo. A, Butman.
Railroad Construction. Statement for Half -Year. —The
"Railway Age" reports the railroad construction in the
United States during the six months ended June 30, 1901, as
1,817 miles, contrasting with 1,654 miles in the first half of
1900, and being the largest total for that period of the year
during the last decade. This is shown by the following table:
1

First 6 Entire
months, year.
1,367
4,178
1,014
2,635
525
),948
641
1,728
788
1,848

Tear.

1892
1893
1894
1895
1896

Year.

1897
1898
1899....

1900
l'jOl

First 6 Entire
months, year.
622 1,850
1,181 3,018
1,360 4,5^-8
1,654 4,436
1,817

" Railway building is still actively in progress in various
paTts of the United States, notwithstanding the practical
suspension of parallel and superfluous line construction and
in spite of the increasing competition of electric railways. In
the older sections of the country, it is true, the new enterprises are few and small, but the West and South still offer
large room for railways, and the total construction in 1901
now promises to exceed that of any year since 1890. Already,
in the preparatory half of the year, 1,817 miles of track have
been laid, and the probabilities are that the total for the 12
months will be at least 5,000 miles. The only thing liable to
make any delay is failure of the now busy rail mills to fill
their orders on time. The great railway companies are doing
most of the work of extension." See principal lines constructed, in last week's Chronicle, V. 72, p. 1280.

33

Louie, to Versailles, Morgan County, and thenoe to Kansas
City. It is hoped to have the new line in operation in time
for the World's Fair at St. Louis in 1903.— V. 71, p. 60:;

Suit Lake City HR.— Neto 2?on</a.— The shareholders are to
vote to day on a proposition, already informally approved, to
The
issue $500,000 of $1000 six per cent four-year boLcls.
bonds are now being printed.— V. 72, p. 1280.
Seaboard Air Line Ry.— Called.— The company has called
for redemption the §3,400,000 6 per cent certificates due
March 26, 1902, and will pay them, principal and interest, on
Aug. 28, 1901, upon presentation at the office of the Continental Trust Co., trustee, Baltimore, Md., on which date
This payment is made from the proceeds
interest will cease.
of sale of the bonds offered last week.
Bonds Si. Id.— The subscription lists for the $8,000,000 collateral trust 5 per cent bonds were opened on Friday and
closed immediately, the bonds being over-subscribed.
Consolidation— Bonds.— Within the next few weeks it is
expected that the necessary final action will be taken to vest
in the company by consolidation, or merger, or purchase,
1,210 miles of road, which includes all lines in the system
north of Savannah and east of Atlanta, except the Seaboard
6 Roanoke RR., 81 miles, from Portsmouth, Va., to Weldon,

N. C.

The Seaboard Air Line Railway owns more than 92^

per cent of the stock of the latter company, which is deposited with the trustee under its first mortgage.
On the completion of the consolida'ion above mentioned,
the first mortgage 4 per cent bonds of 1900 will be secured by
a first and only mortgage on some 320 miles of railroad, including 102 miles of main line from Richmond to Ridgeway
and 108 miles from Hamlet to Columbia (subject only to
$155,000 prior lien bonds on two branches) and also by a direct mortgage on the whole 1,210 miles of consolidated road,
subject only to prior lien outstanding bonds thereon not exceeding $12,748,000 (or an average of $10,500 per mile). The
roads upon which these 4 per cent bonds will thus become a
Gaston RR., the Raleigh &
direct lien include the Raleigh
Augusta RR. the Carolina Central RR., the Georgia CaroNorthern Ry., the South Bound RR., the Palmetto
lina
Railroad and several less important lines.
Richmond-Washington Co.— See that company above.— V.

&

,

&

72, p. 1280, 1239.

Extensive Improvements Proposed.
reports that the directors
are intending to expend within the next two or three years a
very large sum, running into the millions of dollars (one account says about $25,000,000) on permanent improvements,
including new bridges, the elimination of curves, the reduction of grades, heavier rails, etc. No immediate commencement of dividends, therefore, is considered probable. V. 72,

Southern Pacific Co.

—Those in authority confirm the

—

p. 822, i76.

Texas Central RR. First Dividend on Common Stock. —
The company has declared its first dividend on common
stock, %y2 per cent, and also a semi-annual dividend of same
amount on preferred stock, both payable July 15. With the
distribution in January, 73^ per cent has been paid on preferred in 1901, this stock having heretofore received its dividends annually in January.— V. 72, p. 45.

Toledo St. Louis & Kansas City RR.— Notice.— Irvin Belford, the Special Master, gives notice to the bondholders and
all creditors having a lien prior to the mortgage to present
their claims to him at the office of the Clerk of the Circuit
Court of the United States for the Northern District of Ohio
at Toledo, Ohio, on or before August 1, 1901, under penalty
of being debarred from participation in the proceeds of the
foreclosure sale.— V. 72, p. 340, 284.

Toledo RR. & Lighting Co.— Incorporated. —This company filed articles of incorporation in Ohio on July 1, the authorized capital stock being $12,000,000, to control the lighting and street railway plants of Toledo, Ohio. The incorporators are: F.J.Everett, E. W. Moore, G. W. Boudine,
Fred S. Borton and James J. Fitzgerald. See V. 72, p. 1239.
Lighting Co.
Toledo Traction Co.— See Toledo RR.

&

Richmond Fredericksburg & Potomac RR.— New Control. above.—V. 72, p. 1289.
—See Richmond & Washington Co. below.— V. 72, p. 439, 340.
United Railways Co. of St. Louis.— Bonds Called.— ReRichmond-Washington Co.— Control of Richmond Freder- funding.—The Union Depot RR. consol. 6s. of 1890 for $791,icksburg & Potomac KR.—A. company will shortly be organ- 000 and the Mound City RR. 6s of 1890 for $300,000 have been
ized, as foreshadowed some months ago (V. 72, p. 340, 439), called and will be paid at par at the office of James Campto control the Richmond Fredericksburg & Potomac RR. bell, Rialto Building, St. Louis, on Aug. 1. The Union Deand the Washington Southern Ry.,35 miles, together extending pot RR. 6 percent "straight" 25-year gold bonds of 1S93
from Washington, D. C, to Richmond, Va., 114 miles. The total issue $3,500,000), will thereupon become a first mortnew company is to be equally owned by six roads, viz., the gage on all the properties of the Old Union Depot, Mound
Pennsylvania, Baltimore & Ohio, Atlantic Coast Line,
Southern Ry., Seaboard Air Line and Chesapeake & Ohio
Ry. Its capitalization will be just enough to pay for the en
tire stock of the Washingtcn Southern and a majority of the
Richmond Fredericksburg & Potomac. A portion of the
latter is held by the State of Virginia.
The name of the new
organization has not been definitely decided upon.
St. Lawrence & Adirondack Ry.— Refunding.— The shareholders have voted to accept an Act of the Dominion of Canada for incorporation, and to Issue $300,000 6 per cent 50year gold debenture bonds to take up car trust certificates.—
V. 71, p. 1312.

City and Benton Bellefontaine Railway companies.

A

block

of these to replace the divisional bonds is offered for sale by
Mr. Campbell, who will receive in part payment therefor at
par and interest the bonds thus called.— V. 72, p. 2^4: V.
71, p. 343,

Western Maryland

RR.— Equipment

Trtist.— Ten

new

locomotives have been acquired under an equipment trust for
$151,655, of which $14,000 is payable May 10, 1901. and the
balance in 36 monthly instalments of $3,824.— V. 72, p. 1082,

en.
Wilkesbarre & Hazleton (Electric) RR.— Officers— Stock.
—The officers and directors of this company, whose plans,
St. Louis Kansas City & Colorado RR.— New $20,000,000 etc., were fully described last week, are:
Mortgage. The shareholders on June 29 authorized an issue
President, A. Markle; Vice-Free., John B. Price; Secretary, E. 8.
of $20,000,000 50-year 4 per cent gold bonds to pay the sum Doud, Secretary Lehigh Traotion Co.; Treas., N. C. Yost, Hazleton.Pa.
Dlr6otors— Benjamin Reynolds, President Anthracite Savings Bank,
due the Atchison Topeka & Santa Fe and to provide for Wilkesbarre,
Pa. A. A.Sterllng.Casliler People's Bank.Wilkesbarre.Pa.;
building an extension from Bland, Mo., 10 miles west of St. John B. Prlce.Presldent First Nat.Bank, Ha/.leton, Pa.; E. R. Payne, of

—

;

—

——

——

—

THE CHRONICLE.

34

I

Vol. LX2HI,

Goohran. Payne it MoCormlok (bankers), Wllllamsport Pa.; W. B.
Given, President Coluiulila TriiHt
A. M.irklo. ('real>., Columbia, Pa.;
dent Marklo HunkliiK & frost Co., Hazleton. Pa.; Kenneth K. MoLaren, AHKt Hucnt.r, Corporation Trust C'>. of N.J.

about 150 pages describing each of its numerous plants, and
containing a brief history of their establishment, building,
rebuilding, etc. Only a visit to each of the mills could afford

capital stock is $2,700,000, of which §200,000
(not $3,000,000) is 6 per cent non-cumulative preferred, and
this was issued in exchange for $700,000 of the 81,000,000
capital stock of the Lehigh Traction Co. of Hazleton, Pa. As
to bonds see last week's Chronicle.— V. 72, p. 1281.

a clearer idea of the magnitude and substantial construction
of the same than do the excellent photogravures in this little book.— V.
338, 891,

(.'

The authorized

'72,

p.

Bangor (Me.} (ias-Llght Co.— Sale.— The American Gas
Co. of Philadelphia, under its recent offer, has acquired conof this property,
The capital stock was $150,000; purchase price, $185 per share. V. 72, p. 875.
trol

INDUSTRIAL. WAS AND MISCELLANEOUS.
Alaska Packers' Association. Purchase.— A press dispatch to the "New York Commercial" announces the company's purchase of the plant of the Anacortes (Wash.) Packing Co. for cash (understood as about $500,000) from the
surplus accounts, and quotes President Fortman as saying:
"In 1900 the Alaska Paokers' Association packed over a million
oases out of 2,400,000, which was the total pack of the United States,
or over 40 per cent. With the acquisition of the Anacortes Co. the
Alaska Packers' Association holds the same relative and equallystrong position In the Puget Sound Gookeye salmon trade as it now
holds in the Alaskan paok."
"The probability Is that the Alaska Packers' Association's 1901
paok will he at least 30 per cent larger than last year's."
—See balance sheet of Dec. 81, 1900, in V. 72, p. 672.

—

American Cereal Co.— Exchange of Stock. A press despatch states that the capital stock is to be increased from
$3,400,000 to $13,000,000, of which $4,000,000 preferred, and
that the present shareholders are to receive $180 in cash for
their stock, or two shares of preferred and one of common
stock for every share they now hold. It is supposed that one
object of the increased capitalization is to absorb the Great
Western Cereal Co. which was organized last spring, including ten leading independent companies. See V. 72, p. 991,
938,

440.—V.

72, p. 673.

American Linseed

Co.

—

—

Bonds Called. Option. The com
pay at par on August 1 all its first

pany has called and will
mortgage 5 per cent gold notes outstanding under the mortgage of Feb. 1, 1901, to the Morton Trust Co. as trustee. Blair
& Co. are prepared to take up the aforesaid notes on or
before Aug. 1, 1901, at par and accrued interest. V. 72, p.

—

1189, 1137.

—

Bingham

Consolidated Mining & Smelting Co.— Injunction Denied. Vice Chancellor Stevens at Jersey City on
July 2 dismissed the application of William 6,ihn, holder of
24 Bhares of stock in the Bingham Copper & Gold Mining
Co., for an injunction to prevent the carrying out of the
proposed consolidation. See V. 72, p. 82'i.
Cauda Cattle Car Co.— See Railroad Equipment Co. below.

-V.

—

70, p. 1097.

A

Central Eureka Mining Co.— Sale.—
majority of tha
$2,500,000 stock has been said to the United States Mining
Co., and the minority shareholders who deposit their holdings at 4 Post Office Square, Boston, on or before July 8 will
receive the same terms as the majority interest, viz.: For
each share ($25) of stock deposited a share and a-half ($37 50
in all) in the voting trust certificates of the United States
Company and $3 in cash, the latter payable in four eqnal
quarterly instalments.

Cincinnati Gas & Electric Co.— See report of North
American Co. on page 30.— V. 72, p. 933.
City of Chicago Brewing & Malting Co.— Half Yearly
Statement.

— Secretary

months ended March

Willink in a statement for the six

31, 1901, says:

Sales of beer have been 137,199 barrels, a decrease of 13,728 barcompared with 1899-00. The sales for April and May also show
a deoreaee of 2,321 barrels. Prioes have been rather higher and to
this rise in price the decline in sales may be partially attributed. The
result of the half-year's working, in spite of the decrease of sales,
shows a satisfactory improvement over last year.
Materials are higher iu price than last year, and the effect of this
will be more marked as the old stocks of lower-priced materials berels,

come exhausted. The extra war tax which was Imposed
1898,

is

still

in

in June,

a reduction of 25 cents per barrel

force, but

is

American Locomotive Co.— Placed on Unlisted.—The stock to be made as from the 1st July next. This should quite compenof the company, viz.: $35,000,000 common and $24,100,000 7 sate for the higher price of materials. Mr. John A. Orb (President)
and Mr. A. N. Young (Vice-President) visited London In March last,
per cent cumulative preferred, par value of shares $100. has solely
for the object .of discussing with the London board some imbeen admitted to the unlisted department of the New York portant alterations in the conduct of the business which, if oarrled
Stock Exchange.— V.

American Metal

out,

72, p. 1281, 1240.

Co. of

New York City.

Increase of Stock.

—The capital stock has been increased from $1,000,000

to $1,-

it is

believed, will materially assist in improving profits

—V.

72,

p. 931.

Colts Arms Co. of New York.— Purchase— Bonds.— This
new company has purchased the entire $1,000,000 stock of
the Colts Patent Fire Arms Manufacturing Co., of Hartford,

each.— V. 69, p. 25.
American Pneumatic Horse Collar Co. Successor Com- Conn., and has arranged to deposit it with the American
pany. This company has been incorporated under the laws Loan & Trust Co., of Boston, as trustee, to secure its own $1,of New Jersey with $2,000,000 authorized capital stock and 500,000 collateral trust 5 per cent gold bonds. Of these last
has acquired all the patents, patterns, machinery and assets $1,200,000 will be issued at once and $300,000 will remain in
ofjthe late United States Pneumatic Horse Collar Co.
the treasury. The new company filed articles of incorporaDirectors and officers:
tion at Albany on June 20, the authorized capital stock being
Geo. J. Kobusch, President St. Louis Car Co., St. Louis, Mo.; Z. W. $2,500,000.
The directors are:
Tinker, President Columbia Brewing Co., 8t. Louis, Mo.; James H.
John H. Hall, of Hartford, President; Wm. C. Skinner, of Hartford,
Gay, carpet manufacturer, Philadelphia.lPa Edw. H. Cloud, f hiladelphia, Pa.; L. N. Downs, 44 Broad Sc, New York City; H. D. Hays, Vice-President; Frank A. Schirmer, of Boston, Treasurer; George E.
Armstrong, of Boston, and J. F. A. Clark, of New York.
(Pearson, McGlynn & Co.); J. K. Tillotson, 11 Broadway, New York.
500,000 in shares of $ 100

—

;

President, J. K. Tillotson; Vice-President, Edw. H. Cloud; Treasurer, H. B. Hays; Secretary, A. L. Norman. Offioe, 11 Broadway, New
York.— V. 72, p. 46.

American Power Co.— Incorporated. — This company has

&

Armstrong, Schirmer
financed the deal and
bonds.

it

is

—

Co., of Boston and Springfield,
understood are offering the new

—

Concord Electric Co. Successor. This company has been
organized with $4'J0,000 of authorized capital stock to succeed to the property of the Concord Land & Water Power Co.,
The incorporators are W. H. Whitney, Chas.
foreclosed.
H. Stone of Boston, Fred. C. Demond, Allen Hollis and Geo.
L. Osgood of Concord.— V. 72, p. 243.
Concord Land & Water Power Co. Successor.— See Concord Electric Co. above.— V. 72, p. 243.
dore D. Buhl, Albert L. Stephens, Charles L. Palms, all of Detroit, and
Consolidated Cattle Car Co.—See Railroad Equipment
Edward C. Hargrave of Bay City.
below.— V. 70, p. 1097.
Co.
American Strawboard Co.— Circular.— The circular re
garding the proposed consolidation says in substance:
Consolidated Lake Saperior Co. Listed in Philadelphia
For some time past various plans have been under consideration —The Philadelphia Stock Exchange has listed $13,885,687
with the end in view to consolidate a large proportion of the box preferred and $62,000 000 common stook. A temporary reboard manufacturers into one company. A plan has been prepared by straining order granted by the United States Circuit Court
a firm having large experience in such matters which has met the
approval of a, number of the largest manufacturers. This plan con- of Connecticut at the request of Allen S. Miller, of New
templates that the stockholders shall take stock in the consolidated York, to prevent the purchase of the Ontario Lake Superior
company for their present holdings on an equitable basis. This plan Co. stock, will delay the issue of certificates in exchange
was considered at a meeting of your board of directors last week, as
well as at an adjourned meeting of stockholders, who unanimously ap- for the certificates of the Ontario Lake Superior until after
proved this plan. A committee wan appointed, consisting of R. F. the hearing July 16.— V. 72, p. 1240, 1037.
Newcomb, President; J A. Spoor and R. O. Clowry, being the execuConsolidated Rubber Tire Co.— Exchange of Preferred
tive committee of the company, to confer with the stockholders of the
American Strawboard Co. and ascertain what the disposition of the Stock.— The shareholders have authorized the retirement of
stockholders may be in this matter, and whether they will place their the $3,000,000 preferred stock and the extinguishment of the
stook in the hands of the Merohants' Loan & Trust Co. to be exstock held by the company, in order that the share
changed for stock in the proposed company upon some basis to be $2,000,000
agreed upon by the committee, and which the committee can assure capital may hereafter be §5,000,000, all of one class.
you, in advance, will in Its opinion be to the interest of each stockExchange.— Official notice is given to holders of the preholder concerned. We shall hope to hear from you without delay.— V. ferred stock that the same may be exchanged for 4 per cent
72, p. 1281, 682.
debenture income bonds, on presentation to the Manhattan
American Transportation Co.— Interest Payment.—-The Trust Co., New York City, on or before July 18th, 1901.—V.
Morton Trust Co. of this city is paying $5 per bond oq each 72, p. 1282, 991.
of the Class B bonds on presentation of coupon due July 1,
Consolidated Telephone & Telegraph Co.— Incorporated.
1901.— See V. 72, p. 138.
This company filed articles of incorporation in Delaware on
American Valley Co.— Bonds Offered.— Charles R. Hall of June 26 with $L0,000,000 of authorized capital stock, to act as
15 Wall Street, is offering at 95 $150,000 of the total issue of a parent company for some of the independent telephone en$200,000 ten- year first mortgage 5 per cent gold bonds, Conti- terprises with which James M. Thomas and other Cleveland
nental Trust Co., trustee.
men are identified. In addition to several New York and
American Woolen Co.— Official Description of Plants.-^- Pittsburg capitalists, the following Cleveland men are interThe company has issued a handsomely illustrated volume of ested in the new organization:
been incorporated under the laws of Michigan, with $6,000,000 authorized capital stock, "to furnish electric power
to industrials, manufacture salt with the exhaust steam
and also to manufacture heavy chemicals." The site of
the plant will probably be somewhere around the River
Rouge. Incorporators:
James D. Hawks, Samuel F. Angus, Herschell H. Hatch. Frank W.
Eddy. Waldo A. Avery, Henry Stephens, Alexander MoPherson, Tbe-

:

—

July

G,

THE OHROMCLK

1901.]

John Sherwin, W. H. Prioe. Richard M. Parody, K. O.
Joseph Kraus, Luther Allen, J ndge Jum<-* M. Thomas, n.
Held, A. (i. Taine, B.
and C. H. Stewart.

(J.

Hubbell,

K

P. Gill, J.

II.

H
E

Cramp Steel Co.— Stock Offered — This company, in which
W. Seward Webb, Col. A. B. Chandler and J. W.

Dr.

Allison, of this city, and H. L. Burrage, of Boston, have r«cently become directors, is offering through the N
Americau Tiust Co. of New York and other institutions $1,OCO.OOO of its $3,000,000 7 per cent cumulative preferre
at par and accrued dividend from Jaly 1, a bonus of H00 in
common stock (total authorized |3,O0O,OO0) to be given with
each $100 share of preferred. The proceeds will be uhmI to
complete thejblast and steel furnaces and rolling mills at
Collingwood, a port on the Georgian Bay, and to equip
further the iron and coal properties.

An

advertisement says the company owns:

Iron and limestone lands in Ontario; the Iron being of a superlor Bessemer quality; (b) a plant under construction hi Collingwood
and valuable limestone deposits at that place; (c) coal mines, whloh
are situated In Wise and Dickenson counties, Va., and embrace 15
square miles. Five seams of coal are available, three of which ;uc
above water level and oan be opened by drifts. Two of the seam.s contain ooklng coal of exceptional merit, ranking with the bet-t GonnellsThe company received from Collingwood a cash bonus of ,f 15,ville.
COO and a free site, consisting of 80 acres of land, with 800 feet frontage on Collingwood Harbor; also water lots suitable for dockage and
(a)

1

terminals.

The company is incorporated under the laws of the Province of Ontario, Canada, and is free from bonds or mortgage
debts. The directors are:
Wm. M. Cramp, late General Manager Cramp Shipbuilding <fe Engine Co., Philadelphia, Pa.; Dr. W. Seward Webb, New York; Charles
D.

Cramp, Philadelphia,

Pa.; Col. A. B. Chandler,

President Postal

Telegraph Cable Co., New York; n. L. Burrage, Vice-President Eliot
National Bank, Boston, Mass.; J. Wesley Allison, President National
Leather Co., N. Y.; Hon. Sir Charles H. Tupper, Victoria, B. C; Hon.
Senator J. B. Gowan, C. M. G Barrio, Ont.; A. McLean MaoDonnell,
Toronto, Ont.; J. A. Carrie, Toronto, Ont.
The enterprise is entitled to the same bounties as the Consolidated Lake Superior Co. (see V. 72, p. 1082, under "Algoma Steel Co.") These bounties are to continue till June 30,
1907, and from Jan. 1, 1902, to that date it is estimated the
company will be able to obtain therefrom $1,755,000, this
being additional to the $1 per ton at present allowed by the
Ontario Government on pig iron. The plant is expected to
produce 250 tons of billets a day, from which under present
trade conditions an annual profit of $810,900 is expected.— V.
,

72, p. 139, 677.

Cuban Steel Ore Co.— Option to Subscribe to Bonds.— The
company's shareholders have the option of subscribing at 85
prior to July 11 for the issue of $750,000 first mortgage 6 per
cent bonds, secured by deed to the Girard Trust Co, as trustee.
The bonds are dated Dec. 15, 1900, and are due in ten
years, but are subject to call at par at any time on thirty
days' notice. The coupon due Dec. 15, 1901, if not earned,
may be paid in interest-bearing scrip, redeemable within two
years,
A sinking fund is provided as follows
:

"Semi-annually in the months of April and October, and before the
of any dividends or making any distribution of profits to the
stockholders, there shall be set aside as a sinking fund, to be used in
the redemption of the bonds secured by this mortgage, a sum not less
than the amount of 25 cents per ton on the total shipments of the Iron
ore made by the company in ,the previous six months ending respect-

payment

ively

on March 3 1st and September 30th."

The bonds are partly

in $1,000

and partly

in $200 pieces.

Option Expires.—The option held by the Pennsylvania
Steel Co. upon the stock at §7 50 for the common and $10 for
the preferred, it is understood, was allowed to expire on
Monday. The Pennsylvania Steel Co., however, agrees to
take the output for some time in the future.
New President.— Evans R. Dick having resigned as Presi
dent, George S. Graham has been elected his successor.

V. 72, p. 1037.
Detroit Telephone Co.— Incorporated.— This company has
been incorporated in Michigan with $2,500,000 of capital
stock to do a telephone business in Detroit. The directors

and

their holdings of the stock are:
Everett and Edward W. Moore, each with 8,750 shares;
Arthur Pack, 400 shares; Theodore D. Buhl, 100; Henry Stephens, 50;
Charles L. Palms, 10; George L. MoPherson. 10; John B. Corliss, 10;
J. O. Hutching, 10.

Henry

others directly interested in the. busine.-^, and it*
the first preferred stock $260,000 was recently offered
BabtOtiptlon at par to the business friends of tfa
rn.
Federal Uus & I'nel Co, of Olanbus, 0.— Receiver?
The company has applied for permission
tificatee.
i* not exceeding $300,000 receiver*' certili
uaplete the laying of mains in Columbus, in order to supply gas
illuminating and fuel purposes.— V. 71, p. 1271.
:

i

Fuller, 0. B.

3.

A

Dithridge Steel Car Co.— New Enterprise— This company
has been incorporated in New Jersey with $200,000 authorized
capital stock to manufacture railroad cars, freight cars only
for the present, under the Dithridge patents, "using a steel
section for sills, giving a greater carrying capacity with less
weight than I-beams and channels." An exchange says:
The cars ean be very oompaotly shipped knocked down, hence
speolal attention will be given to orders lor shipment to foreign counThe company, which has already booked orders for several
thousand cars, is having plans prepared for a new plant to be built at
Newcomerstown, Ohio, the estimated cost of whloh, when fully completed, will be $1,000,000, with an ultimate capacity of 100 cars per

tries.

day.

Dunham (James H.) & Co. of New York.—Incorporated.—
This company was incorporated at Albany on June 14 to take
over the dry goods business of the firm of James H. Dunham
&Co. of 340 Broadway, this city. The authorized capital stock
is $2,750,000, of which $1,000,000 to be first preferred 6 per
cent cumulative, $500,000 second preferred 5 per cent cumulative and $1,250,000 common stock. The first preferred is
convertible into common stock, share for share, at any time
when the transfer books are open.
The estate of the late James H. Dunham and the surviving
partners of James H. Dunham & Co., it is stated, have subscribed for all the second preferred and common stock, and
of the first preferred $750,000 has been taken at par by

—

i

Fisheries Co.— Dividend Deferred,— The directors, it is
understood, have decided to defer ;tction temporarily on the
payment of the dividend on the preferred stock, although
the business at present is better than it was a year ago. V.

—

73, p. 62G.

Great Western Cereal Co.— See American Cereal Co,
above.— V. 72, p. 991.
Hannibal (Mo.) Water Co.— .Mew Contract.— Tht proposition granting the company a new twenty-year franchise with
a reduction of 20 (or 25 ?) per cent in rates was carried at a
municipal election on June 25. The city under the franchise,
it is said, has the right to buy the plant at any time on six
months' notice.— V. 70, p. 999.
Indiana Water Co. of New Albany.— Increase of Stock.
The company has increased its capital stock from $200,000 to
*400,000.— V. 72, p. 285
Inter-Ocean Telephone & Telegraph Co.— Incorporated.
This company was recently incorporated at Albany with
$2,000,000 of authorized capital stock in shares of $100 each
to operate telephone lines connecting Cleveland, Buffalo, New

—

—

York City, etc

Directors:

Charles H. Stewart, Joel H. Fuller. Kern F. Gill, Charles B. Stowe
and Burt G. Hubbell of Cleveland, William T. Morris of Pen Yan, and
Harry K. Brown of Hornellsville.

Iron Steamboat Co. of New York.— Foreclosure.— Appliwas made to Supreme Court Justice Hooker in Brooklyn, on Monday, by Allen C. Washington, trustee, for the
cation

mortgage.— V. 72, p. 725.
Lynchburg (Va.) Cotton Mill Co.— Bonds.— The company has for sale $150,000 of its issue of $300,000 of 5 per
cent first mortgage $1,000 coupon gold bonds, dated Jan. 1,
1901, and payable twenty years after date (July coupon off),
with right to call in any number thereof for payment after
five years.
Bonds secured by deed of trust on the mill and
other real estate. Sealed proposals for the whole or any part
foreclosure of the $500,000

thereof will be received until July 10.
Secretary.

H. L. Moorman

is

—

Marsden Co.—Plants. The company has obtained control
American Milling Co» of Chicago, having a capital
stock of $100,000 and plant at Riverdale, Chicago, and it is
of the

reported is planning to establish three other similar plants
for the production of "mixed feeds,"— V. 72, p. 285.

—

Merrimac Manufacturing Co. No Dividend. This company, which has been paying semi annual dividends of 3 per
cent since January, 1898, has passed its July distribution.
director says
Never in the history of the mills has the situation been so unfavorable as during the past six months. The acoounts of a majority of
mills making print oloths are in pretty bad shape, the older mills
being by far in the best shape.— V. 71, p. 33.
Michigan Portland Cement Co. Interest Not Paid.
This company, with factories at Quincy and Coldwater.
Mich., has deferred the payment of the July interest on its
$1,000,000 of 6 per cent bonds of 1898.
The security holders
will meet July 16 to consider the situation, which is attributed to the low price of cement. L. M. Wing of Detroit is
President of the company. The Central Trust Co. of this
city is mortgage trustee.— V. 67, p. 1207.
National Fireprooiing Co. Works Burned. The company's large works near Keyport (N. J.) were destroyed
by fire on July 2nd—V. 72, p. 1241, 1191.
Niagara Falls Power Co.— Right to Subscribe. — Shareholders of record Judo 25 are offered the right to subscribe
at par, on or before July 20, to the amount of 80 per cent of
their holdings, to $2,064,800 new debentures, the proceeds to
be applied to the cost of the proposed plant on the Canadian
side.
This plant will include a main tunnel with capacity of
not less than 100, 00J horse power, an intake canal with the
capacity of 50,0u0 horse power and a wheel-pit with present
capacity for 25,000 horse power. An expenditure of $2,700,000, it is estimatsd. will place the company in position to
supply 20,000 electrical horse power without the Park, and
will provide for the interest charge during the two years required for construction. The debentures are part of a new
issue of $3,000,000 6 per cents, to be dated Oct. 1, 1901, and
due Oct. 1, 1911, and to be convertible at option of holder
upon any interest day after Oct. 1, 1903, and before Oot. 1,
1908, into the stock of the Niagara Falls Power Co., $ for $.
They will be secured by deposit in trust of a like amount of
debentures of the Canadian Niagara Power Co., a subsidiary
corporation.— V. 72, p. 939, 678.
New Orleans Brewing Co.— Option.— The offer of $50 a
share for the $600,000 common stock (par $100) and of $90 a
share for the $1,100,000 preferred stock from E. A. Graff and
S. M. Hoff heimer of the Columbia Malting Co. of Chicago u
in the nature of an option to purchase, running until Sept. 1,
1901.
There are outstanding $163,700 of 6s of 1890 due June,
1905, and$242,500 of gold 5s of 19G0 due June, 1915.— V. »,

A

—

—

r

p. 1283.

New York Electrical Vehicle & Transportation Co.— Injunction Denied.— Vice-Chancellor Pitney at Jersey City on

:

—

—

,

THE CHRONICLE.

36

[Vol. LXXIII.

Monday denied the application of Benjamin Meyer to restrain cyanide plants for the treatment of low-grade Cripple Creek
the company from levying the assessment of
10 per share- ore, viz.:
It is proposed to use part of the money raised by the assessColorado Philadelphia Iteduotlon Works, Colorado City. Col.; Standment in replacing the Fifth Avenue stages with automobiles. ard Milling Smelting Co Colorado City, Col.; I'nlon Gold Extraction Co., Cyanide, Col.; Metallic Extraction Co., Cyanide Col.
Exjaress Service. — The regular schedule for the MetropoliThese are stated to be the only Colorado plants outside the
tan Express Co.'s new system of exprees trolley cars went
into effect on Eighth Avenue on Monday morning. Four Americfln Smelting & Refining Co.
if

<fc

cars are run as follows
Leave Battery Place at 9:30 and 11:15 A. m. and 1:15, 4:10 and 6:10
P. m.
Also leave for uptown from 8th Ave. and 50th St. at 5:30 and
8 A. m. From Southern Boulevard and Webster Ave. for down-town
at 7:20, 9:30 and 11:40 a. m. and 1:55, 3:55, 6:20 and 8:15 P. M.
The company plans ultimately to use all the up-town lirts

except Broadway.— V.

72, p. 1191, 1139.

—

New York & Richmond Gas Co. Incorporated. This company has been incorporated at Albany with $1,500,000 of authorized capital stock to manufacture and supply gas and
electricity for lighting purposes in Richmond County and
New York City. Directors:
Armltage Mathews. Robert C. McCormiok of New York Otty, Hawking
A.Tucker of Brooklyn, Archibald A. MoOlashan of East Bloomfield and
George W. Sutton of New Roohelle.
Consolidation. — On July 1 the company absorbed by consolidation the Consumers' Gas Light Co. of Richmond
County. H. A. Tucker is President and Joseph Kelly is Sac
retary of the New York & Richmond Gas Co.

,

The American Smelting & Refining Co., it is stated, treats
only high-grade ores and the new company only low-grade
ores, so it is said there should be no conflict of interest.
The
Cripple Creek production is stated as consisting of about
15,010 tons of high-grade and 30,000 tons of low-grade ore
monthly. The company will begin operations Aug. 1, 1901,
with $500,000 working capital. The net earnings are estimated at $900,000 per annum. The bonds are first mortgage
6 per cents, due July, 1931, tutsubjecttocall at 110 per cent,
with a sinking fund of $50,000 per annum, sufficient with
accumulations to retire the whole issue before maturity. Of
the stock, $624,100 preferred and $930,200 will remain in the
treasury at present. Kessler & Co. were identified with the
underwriting syndicate.
The officers, all of Colorado Springs, except as noted, are:
President. Charles L. Tutt; Vice President and General Manager, C. H. McNeill; Second Vice-President, W. K. Gillett
oft his city; Secretary and Treasurer, Spencer Penrose. The
company will begin business with $500,003 working capital,
and it is expected will earn $900,000 net per annum.
United States Steel Corporation.— First Dividend —The

Pittsburg Wheeling & Lake Erie Coal Co.— Successor
Company. — This company has been incorporated at Columbus, O., to take over the property formerly owned by the following official announcement was made at the conclusion
Wheeling Lake Erie & Pittsburg Coal Co., foreclosed per of the directors' meeting on Tuesday. "The company has
declared a dividend of \% per cent on its preferred stock,
plan in V. 70, p. 799. The capital stock is $1,250,000, one
payable Aug. 7, and a dividend of 1 per cent on its common
half of which is 4 per cent preferred.— V. 72, p. 824.
stock, payable Sept. 14th.
Books for the preferred dividend
Railroad Equipment Co.— Foreclosure Sale.— Default hav- close July 16 and reopen Aug. 8 th and for the common diving been made in the payment of the principal and interest idend books close Aug. 20th and reopen Sept. 16th. Outside
of Bond Series D6 and Series B1A, the Morton Trust Co., of the dividend declarations only routine busines? was transformerly called the State Trust Co., will as trustee sell at
public auction, by Richard V. Harnett & Co., auctioneers, at
the New York Real Estate Salesroom, No. Ill Broadway,
on July 9th, 1901, at 12:30 P. M., $191,000, par value, of
Canda Cattle Car Trust certificates, Series B78, and $247,590,
par value, of lease warrants of the Consolidated Cattle Car
Co., held by the trustee under agreements dated April 1,
1896, and July 15, 1896, respectively.— Vol. 72, p. 439.
Seattle Gas & Electric Co.— Rival Company.— The City
Council on June 10 passed, without a dissenting vote, the ordinance granting to R. H. Malone and his associates a fiftyyear franchise for the manufacture and sale of gas. The ordinance fixes the price of gas at $1 50 per thousand feet for
illuminating gas and $1 25 per thousand for fuel gas.— V. 72,
p. 1088, 824.

Syracuse (N. Y.) Lighting Co. —Merger.— This company
on July 1 absorbed by consolidation the Underground Electric Wire Co. and the Electric Light & Power Co. of Syra
Sse V. 72,

cuse.

p. 1088, 1140, 1285.

(Dan) Talmage's Sons Co.— Successor Company.—This
company has been incorporated in New Jersey with $1,000,000
authorized capital stock as successor of the New York corporation of the same name (capital stock $300,000) to deal in
flour, grain, etc.
Incorporators: John S. Talmage, Dan Talmage, David Talmage, John F. Talmage. New York office,
112 Water Street.— V. 67, p. 28.
Tehuantepec Rubber Culture Co.— Bonds.— Francis A.

&

Crum
Co. of Hartford, Conn., recently offered at 60
$400,000 of this company's $2,750,000 first mortgage 4 per
cent $1,000 gold bonds. "One share (par value $100) of the
capital stock of the company ($300,000) assigned with each
bond at no extra cost." The Knickerbocker Trust Co. of
New York is mortgage trustee. Three- fourths of the issue,
it is stated, has already been subscribed.
Tidewater Steel Co.—President.— George McCall of Dick

&

Co. has been elected President.— V. 72, p. 46.
Toronto Electric Light Co., Ltd.— Increase of Stock.—
The company has been authorized to increase its capital
stock from $2,000,000 to $3,000,000.

Broth( rs

Union Light Heat & Power Co. of Covington, Etc.—
See report of North American Co. on page 30.

Status.

V. 72,

—

p. 631, 492.

Union Steel Co. of Pittsburg.—Iron and Coal Lands
Acquired.— This company has made extensive purchases and
leases of iron property on the JMesaba Range, and also, it
is said, has bought for about $1,000,000 the 3,200 acres of coking coal lands owned by the Republic Coke Co. in Pennsylvania. The Donora Mining Company was recently organized, with $500,000 capital stock, to take over the Mesaba
acquisitions. The Union Steel Co. expects to start its rod
wire and wire nail mills at Donora, Pa., on July 15. The
Mellons of Pittsburg are financing the Union Steel Co., but

Henry C. Frick, formerly of the Carnegie interests, is supposed to be largely interested in the enterprise. The company's main office is in the Carnegie Building in Pittsburg.
See V. 70, p. 1099 —V. 72, p. 940.
United States Mining Co.— Purchase.— See Centennial
Eureka Mining Co. above.— V. 72, p. 940.
United States Reduction & Refining Co.— Consolidation
Underuriting. This company was incorporated in Colorado on June 29 with $10,000,000 of authorized capital stock,

—

—

which $4,000,000 is preferred, and an issue of $3,000,000 first
mortgage gold 6s, to acquire the following chlorinating and

of

acted.

"The time of payment of the respective dividends was fixed
at the earliest dates practicable to allow the clerical labor
which is necessary to be performed. It is so arranged that
dividends on the preferred and common stocks, respectively,
will be made about six weeks apart." Both are quarterly
dividends

Strike— On July 1st a strike involving some thousands of
(35,000 one report has it), was ordered by Presient
Shaefer of the Amalgamated Association of Iron, Steel &
Tin Workers because the American Sheet Steel Co. and the

men

Steel Hoop Co., subsidiary companies of the United
States Steel Corporation, refused to accept a new wage scale
agreement, the result of which would be to treat as union
mills, mills in which union labor has not heretofore existed.
The officers of the two companies above named expressed a willingness to sign the agreement for mills in which
the unions have heretofore been established, but not for
other mills. No question of [amount of wages, it is said, is
involved.
The following statement, inspired by a prominent official
of the parent company, was put oat on Monday
We do not regard the strike as of very serious import. In the first
place none of the Carnegie companies nor the Tube Company is union,
and only about half of the workmen in the sheet steel plants belong to
the union. In faot, about 60 per cent of the Iron and steel workers of
our company are non-union men. In the second place, the wage soale
of the tin plate workers has already been agreed UDon, and those men
will not strike. It therefore leaves but a small percentage of employ
es who will go out at this juncture.
July 1 has for a number of years been the time fixed by the iron and
steel operators and workmen for the adjustment of wage scales and
other matters between them. It has become almost customary in
many mills for a shutdown at this period to take place while questions
of differences were being arranged. A year ago many of the tin plate
mills were dosed down about six weeks on this account. The workmen themselves have come to look upon this period of the year as a
good time for a vaoation after eleven months of continuous labor. The
men realize that they are now receiving the highest, or nearly the
highest, wages ever paid in their branch of work. They also realize
that the wage soale has been accepted by the corporation, and the
only question of difference is the demand to treat non-union mills as
if they were union mills. This naturally the Steel Corporation refuses.
It is altogether probable that the Association, after a few weeks, will
recede from its position, and the men will return to work at the wages
agreed upon.
At any rate, the strike will not seriously affect the business
It has men enough
of the United States Steel Corporation.
and mills enough which it will be able to continue in operation to keep fairly well up with its contracts. V. 72, p.

American

:

—

1285, 1241, 1191.

Virginia-Carolina Chemical Co.—Increase of Stock.— The
shareholders will vote July 17 on a proposition to increase the
authorized capital stock from $24,000,000 to $50,000,000 by
raising the authorized common stock from $12,000,000 to $38,000,000, the preferred stock to remain as now, $12,000,000.
The additional stock may be issued from time to time as
determined by the board of directors.— V. 72, p. 1285.
Wheeling Lake Erie & Pittsburg Coal Co.— Successor
Company.— See Pittsburg Wheeling & Lake Erie Coal Co.
above.—V. 72, p. 824, 584.

—An issue of $250,000 North Chicago Street Railroad Co.
±% per cent refunding gold bonds are offered for sale by N.
W. Harris & Co. The bonds have thirty years to run and prinThe advertisement on page x gives
cipal may be registered.
an interesting table of cash dividends paid by the company
since 1887, and recites some important provisions of the lease
of this road to the Chicago Union Traction Company.

JULT

6,

THK CHRONICLE.

1901.]

COTTON.

(§ommzvti<\l 'Qimcs.

3£lrc

Friday Night, Joly

COMMERCIAL EPITOME.
Friday Night, July
1801,
weather experienced during tbe week has
'>.

The torrid
fered to a considerable extent with the distribution of merchandise, it being too hot for active trucking; furthermore
in some lines manufacturers shut down tbeir plants on T
day and Wednesday, the high temperature in their facte
being more than the employes could stand. la speculative
circles, business was suspended by several Exchanges from
Wednesday evening until Monday morning. Thy New York
and the New Orleans Cotton Exchanges and the Chi<
Board of Trade, however, resumed business on Friday. Crop
news has been generally favorable; beneficial rains hn
reported in the corn belt. Texas reported in need of rains.

fromthe South to-night, is given below. Fort)
evening the total reoelpts have reached 1'
against 68, 185 bales last week and 50,0G0 bales ti

<ing

this

les,

ou*

making the

total reoelpts sinoe the 1st of Sept., 1900,
bales, against 6,421,364 bales for the sann period of
Hyy-00. showing an increase sinoe Sep.l 1900, of 90 1 ,5 17 bales.
ik,

.',911

1

,

at—

Ktceipts

Hon.

ffcl

ialveston
Sab. Pass, *c
New Orleans..

Wed.

Tues.

Thurs.

frx.

Pork
Lard

bbls.
tos

Tobacco, domes Uo

kk.de.

Coffee, Brazil
Coffee, other
Ootfee, Java, Ac

bags.
bags.

Sugar
Sugar
Molasses
Hides
Cotton
Bosln
lrlts turpentine
S"j
Rloe.E. I
Rice, domestlo
Linseed

mats.
hhde.
bags, Ac.
hhds.
No.
bales.
bbls.
bbls.
bbls.

bags.
bbls.

bags.
bags.

Saltpetre
Jute butts

tales.
bales.
bales.

Manila hemp...
Sisal

hemp

Flour

bbls.and sacks

July

1,

June

1901.

4,537
11.327
2,585
734,187
217,472
136,488
2,225
268,960
None.
9,600
164,552
18.637

1,

1901.

5,303
9,192
4,109

869 328
201,519
183,938

685
188,146
None.
17,900
128.725
21,546

977
911

921
918

5,000
3,000

0,300
3.300
None.
3.100
None.
8,761
1,929
75,500

None.
3,500
None.
10,760
615
81,500

July

1,

2,766

4,749

1,019

2,543

488

5,762

834

3,592

1,078

16,672

13

5

3,882
7

1,524

47

4

76
122
8.124
498
82

Mobile
Pensaoola, Ac

141,925
170,006

1,197

2,061

1,140

2,859

48

7

4

9

Wilmington. .

51

30

132

6

5

227

1,390

687

1,206

734

661

1,201

5,882

147
115

300
133

300
376

283
413

133

1,469
1,085

4

69

127

105

306
48
732
30

6,900 11,637

9,317

5,390

49,990

.

Wash'ton.Ae
N'p't

News, Ao.

New York

413
21,442
None.
22,700
52,735
15,153

625
2,032
22,000
10,000
None.
8,000
None.
7,538
9,265
65.100

Lard on the spot has had only a small sale and under freer
offerings prices have declined, closing quiet at 8'80c. for
Erime Western and 8'25@8 50c. for prime City. Refined lard
as had a slightly better sale, but on a lower basis of values,
closing at 8'90c. for prime Western. Speculation in lard for
future delivery has been more active but at lower prices.
Larger receipts of hogs and a weaker market for them resulted in incieased pressure to sell, largely to liquidate speculative accounts.
The close was easy.
DAILY CLOSING PBI0E8 OF LARD FUTURES.
Sat.
Hon. Tries.
Wed. Thurs.
Fri.
July
900
890
885
875
Holiday.

Baltimore
PhUadel'a, Ac.

4,861

732
335

The following shows the week's total receipts, tbe total since
Sept. 1,1900, and the stook to-night, compared with last year.
1899-1900.

1900-1901.
Receipts

July

to

This

5.

teeek.

Galveston...

Sab.P.,Ao.
Sew Orleans
Mobile
P'saoola, Ac.
"a van nan...
Br'wlok.Ao
Oharleston..
P. Royal, Ac.

Wilmington.
Wanh'n, Ao.
Sorfolk
N'portN.,Ao

New

The distributing business has been fairly active, but
with excessive supplies in sight, an increasing movement of
the new crop, and considerable selling pressure from Rio,
there has been an absence of tone to values. The close was
quiet, with Rio No. 7 quoted at 5 15 16@6c Mild grades
have had only a small sale, and prices quoted have been
largely nominal, with good Cucuta at 7%@8c
East Ind'a
growths have been dull and easy. Speculation in the market
for contracts has been limited; prices have weakened slightly
under sales against purchases in Brazil. The close was quiet.
The following are the closing asked prices:
July
610o. Oot
5-25e. Jan
550o.
Aug
515o. Nov
5-300. Maroh
5-600.

Receipts

i

week 11,794

Tot. this

Pork has had only a small jobbing sale in the local market
and prices have weakened slightly, closing at $15 50@16 25
for mess, Cut meats have been dull but steady. Tallow has
had a limited gale at steady prices, closing at 4 15-16c. Cotton-seed oil has been quiet and prices have weakened slightly,
closing at 37%@38c for prime yellow. Buttir quiet, but
prices fairly well maintained.
Cheese dull and lower.
Freeh eggs in fair demand and firm for desirable grades.
Brazil grades of coffee have continued to show a tendency
to sag.

Since Sep.
1, 1899.

1901.

1900.

606 1,698,943
350
86,105

97,184

8,770

6,222 1,821,802
618 192,211
152,095
2,909 1,061,793
119,891
22 256,968
1,285
277,481
1

103,171
6,258

65,384
4,434

522
413,736

1,584

799
387,858

510
181
586
119

31,471
75,969
109,647
98,834
48,272

5,882

34,036
140,861
195,184
68,226
25,965

1,469
1,085

732
335

.

°hlladel.Ao.

49,899 7,382,911

Totals

This
week.

14,590 2,091,702
50,232
16,672 2,399,877
76 109,479
122 172.017
8,124 1.061,847
498 130,122
82 229,769
......
1,705
227 257,631

York...

Boston
Baltimore

Since Sep.
1, 1900.

Stock.

13.708 6,421.364

....

15,908

85,775

538
3,505

4,005

4,153

1,763

20,034

4,879

170.332
8,000
5,887
2,193

45,427
3,200
3,627
1,943

457,030

149,486

156

In order that comparison may be made with other yean,
tvegive below the totals at leading ports for six seasons,

at—

1901.

lalves'n.Ao

1900.

1899.

1898.

1897.

1896.

956

562

632

335

376

6,222

5,278
138

3,508
71

1,455
63

2,415

249
608

662

595

15
15
1,684

16

New Orleans

14,595
16,672

Mobile
Savannah...

76

618

8,124

2,909

82
227

22

Wllm'ton, Ac
Norfolk

5,882

1,584

5
2,971

N. News, Ao.
All others...

497

73

4,241

1,396

10,279

3,329

2,436

10
488
64
13
326
124
671

wk.

49,899

13.708

20,587

9.989

4,982

4,487

Chas'ton,

tot. this

Ao

1

3

49

I

Sept

Raw

6-20e. iDeo
545o. May
5-70c.
sugars have been in moderate demand and steady at

4 7-32c. for centrifugals, 96-deg. test, and 3 9-16c. for muscovado, 89-deg. test. Refined sugar has been in active demand,
closing firm at 5'45@5'50c for granulated. 0:her staple
groceries have been quiet atd without changes.
Kentucky tobacco has been in fair demand. Offerings
have been limited and prices have ruled firm. Seed leaf tobacco has had only a small sale, tut values have held steady.
Sales for the week were GOO cases, including 1899 crop, Pennsylvania leaf, at 13c; 1899 crop, Wisconsin, at 13c. arod 1899
crop, Zimmers, at 16c; also 250 bales Havana at 60c@$l 80
in bond and 175 bales Sumatra at £0c@|l 90 in bond.
Business in the market for Straits tin has been dull, but
prices have been fairly well maintained, reflecting stronger
advices from London, closing with sellers at 28 75c. The

demand

shown no improvement, but prices
have held steady at 17c Lead has ruled quiet but steady at
4 37}£c Spelter has weakened slighlly to 3-90@3'95c Pig
for copper has

,

since 8ept. 1 7382,911 6421,364 8334,173 8572,146 6666,417 5194,695

The exports

week ending this evening reach a total
whioh 10,060 were to Great Britain, 150
to France and 10,030 to the rest of the Continent. Below
wethe exports for the week and sinoe Sept. 1, 1800.
for the

of 20,290 bales, of

Week Mndint July 5, 1001
Mxported to—

ExvorU
from—

Gnat France
Brit'n.

-ivetton....
Sub. Pass, Ao..

From

lotal

6,317

11,431
......

50

....

60
......

irotiiwick

...

......

harieiton...
I'ort Royal...
•v timing ton..

......

203
2.913

160

1,612

1,683

828,403 314,245
6,196
876.163 316,888
33,678
64.109 92,726
174.118 23,899
66,211

10,060

8.686

150

5.

190L

Oonu
nent.

fetal.

682.453 1,666.101
31,354
36.649

163x21 1,9*3.279
1U.6W0

68,268

63,630
639,394

140,364
737,411
94,744
140.629
600

28,533
70.168

228,439

146.066

13,097

6,695

19,Gt>3

298

21,303

4.460

4,676

267,314
820,730

25.753
547,621
824,397
129,586
6.001
73.044

300

79.404
3.899

1,861

1,651

3.840

10.C80

II

77,379

800

3,759 "Ii.tTi

Jul

600

......

1,688

taitlmore
Philadelphia..
san Fran.. Ao..

Total. 1899-00.

Prance

70,377

•••••

N'portN., 4o..
Sew York....

Great

Week. Britain.

......

Mi?

Set-i.l, 1900, to

Bxvorted to—

......

;

.Saw Orleans..

0Of»t.-

runt.

iron has been dull but steady at 13@15-50c

Refined petroleum has been unchanged, closing steady at
6-90c in bbls., 7-90c in cases and 4-35c in bulk. Naphtha
has been unchanged at 9 05c Credit balances have held
steady at $1 05. Spirits turpentine has been easier, but the
close was fairly active and steady at 36^@36^c
Rosins
have been quiet and unchanged at $1 42J£@1 45 tor common
and good strained. Hops have been quiet and easy. Wool
has been in fair demand and steady.

.

Pt. Royal, Ao

9,950
15,000
394, H29

u,.v

122
861
498
14

Charleston....

1900.
<i.924

Toiai.

3,030

Brunsw'k.Ac
Stocks of Merchandise.

1901.

5,

The Movement of the Crop, as lndloated by our telegrams

29,163

281.U4
3,6(57

50, IS'.'

1.108
69.-0*

20.2*0 2,903.614 707, 5.V 2.5J1 .334 6.162.363
24,176 2,196,106 0^4 512

M14.M0

6.695,544

.

.

.

.

«

.

9
1

9

*

THE CHRONICLE.

38

In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
add similar figures for
oleared, at the ports named.
Ifew York, whioh are prepared for our speolal use by Messrs,

fVOL. L.XX11I.

Futures.— Highest, lowestand dosing

atNew York,

prlcet

We

Lambert & Barrows, Produce Exohange Building,
ON SHIPBOARD, HOT OLBABBD FOB—
Leaving

July 5 at—

GerOther OoattGreat
Britain Fr'nee many. For'gn wise.

New

2,000
22,887

Orleans.
Galveston. .
.

6*8*o'6

Savannah
Charleston
Mobile

20,000
16,470
5,000

6,000
2,238

i

1,000
4,493

New York
Total 1901..

30,387

Total 1900..
Total 1899..

3,361
13.978

450

8*5*00

8,000
1,500
1,000

5,800 48,470

685

8,238 14,943 102,838

12,666
22,296

8,292

11,500
5,500
1,0(0

i'obo

3".bo"6

76.171
46,296
30,275
3,055
6,258
8,534
164,832
19,771

28.000
50,888
5,500

500
450

. .

Other porta

Hock.
Total.

3,406
17,440

20,118
62,006

On this basis the official prioes for a few of the grades for
the past week— June 29 to July 5— would be as follows.
Sat.

Mon Tues Wed

7*

713, 6

838
81316

87,e
8 78
93,e

99,8

8f>8

713 16
87 l6
8 78
93,8
958

Middling
Good Middling
Middling Fair

GULF.
Good Ordinary.

Low Middling..
Middling

Good

Middling..
Middling Fair..

STAINED.

81,

858

8Hl8

9'm

Middling

Low

Middling Tinged.
Good Middling Tinged

.

8'ia

8»16

8"„

9H»
97,8

9>8

93s

9*8
»7,«

9i»i.

9 78

9 78

76,8
8 5 ,e
87,8
813,e

7%

7%

838
8i«

8 78

8 78

838
8>s
8 78

"7137ft

87,e
8 78

Tb>.

Fri.

W
e
p.

87, e

o

97 18
9 78

738
838

Wrl.

93 le
958

8U,6

9^
»7, 6

9 78

mon Tueit Wed Th.

Sat.

Low Middling
Strict

8

©
•—

St"
958

mon Tuett Wed

Sat.

Til.

7i3 ie
87 18
8 78

Frl.

7%
Holiday.

&38
8ia
8 78

middling upland at New York on
July 5 for eaoh of the past 32 years have been as follows.

The quotations

1901...
1900...
1899...
1898...
1897...
1896...
1895...
1894...

,0.

8 78

,..
,..

for

6i«

1893.
1892
1891

6H
7

1890......12
lli«
1889

.10
7

0.

716,8
76,6
838

1885....c.l0i«

1884
1883
1882
1881
1880
1879
1878

Hie
106,e
125s
111,8
1118,8
127,6
117 18

1877..„c.l2i4
11 78
1875...... 1538
1874
176s

1876

1873
21
,25i«
1888
1872
105,a
718
20?8
,..
1887
11
1871
714
,..
1886
97,8
2014
1870
Note.—On Oct. 1,1874, grades of ootton as quoted were changed.
Aooordlngto the new classification Middling was on that day quoted
380. lower than Middling 01 the old classification.
...

8

MARKET AND
Spot Mabkbt
Closed.
Saturday

.

Friday
Total.

Dull.

Mabket
Closed.

Sales of Spot & Contbaoi.
Ex-

Oon-

Con-

port.

tump.

tract.

Total

steady

Dull

Monday.
Dull at
Tuesday. Dull
Wednesday Easy
Thursday

SALES.

Futdkes

1,8 adv..

Easy

28.000 29,586
2,100 2,130
21 5,300 5,321
..HoVi day.
Qulet&st'dy
2,000 2,000
1,586

30

B'rly steady.
B'rly steady.

1,586

II
I

I

10

51 37,400 39,037

*?*?
ftC".

W®

to to

9

1

9

?*?
did

129,368
398,509

.

Good Ordinary....
LowMlddllng.._.

ft

354,192

Speculation in cotton for future delivery has been on a
moderately extensive scale and the tendency of prices has
been towards a higher basis. The local showers reported in
Texas last week were not followed by general rains as many
of the trade expected; consequently the drought has not as yet
been effectually broken. The reports thus far received, however, indicate that while the crop is suffering from lack of
moisture, no serious damage has yet been done. Unless,
however, the situation is relieved in the near future, some of
the trade are inclined to the belief that irreparable damage
will be done. The Bureau report issued on Wednesday
placed the condition on June 25th at 81*1, which, with the
exception of the condition reported in July last year, is the
lowest ever reported at this season of the year. It was figured that since the date covered by this report, the condition
has further deteriorated, owing to the drought in the Southwest section of the cotton belt. On this theory there was
considerable buying subsequent to the publication of the report, and prices advanced. Realizing sales, however, caused
some of the improvement to be lost. To-day there was a
quiet but steadier market in response to stronger advices
from Liverpool and continued dry weather in Texas. The
close was steady at a net gain for the day of 1@5 points.
Cotton on the spot has been firmer, closing at 8j*£c. for middling uplands. On Friday afternoon the Board of Managers
of the New York Cotton Exchange voted to suspend business
on the Exchange on Saturday.
The rates on and off middling, as established Nov. 21, 1900,
by the Revision Committee, at whioh grades other than
middling may be delivered on contract, are as follows.
Fair
e. l^ on Strict Good Mid. Tinged. o. 3 16 on
Middling Fair
*±on Good Middling Tinged
Even
i« on Middling Tinged
i« oil
Strlot Good Middling
5 16 on Strict Low Middling Tinged
GoodMiddllng
»8 ofl
3 16 fl
Strict Low Middling
Middling Stained
i«ofl
7, 6 off Strict Low Mid. Stained..
Low Middling
l*e ofl
Strict Good Ordinary
\ off Low Middling Stained
l^aofl
Good Ordinary
His off

UPLANDS.

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as

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19

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The "Visible supply op Cotton to-night, as made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(July 5), we add the item of exports from the United States,
Including in it the exports of Friday only,
1900.
1899.
1898.
1901.
Stock at Liverpool
405,000 1,213,000 1,066,000
bales. 659,000
9,000
4,000
5,000
Stook at London
10,000
Total Great Britain stock.' ti69,000 414,000 1,217,000 1,071,000
32,000
19,000
Stock at Hamburg
22,000
23,000
264,000
267,000
Stock at Bremen
148,000 203,000
2,000
2,000
Stook Ht Amsterdam
1,000
200
200
300
200
Stock at Rotterdam
4,000
7,000
3,000
Stook at Antwerp
5,000
203,000
211,000
155,000
Stook at Havre
149,000
3,000
6,000
4,000
Stook at Marseilles
4,000
94,000
78,000
86,000
70,000
Stock at Baroelona
30,000
69,000
40,000
25,000
Stock at Genoa
12,000
27,000
6,000
Stook at Trieste
16,000
701,200
630,300
Total Continental stocks.
439,200 520,200
Tetal European stooks.... 1,108,200 934,200 1,918,200 1,701,300
80,000
86,000
36,000
India cotton afloat tor Europe
69,000
75.000 165,000
97,000
Amer. ootton afloat for E'rope. 102,000
f
22,000
18,000
27,000
Egypt, Brazil,&c.,aflt.f or E pe
25,000
91,000 105,000 106,000
Stock in Alexandria, Egypt... 129,000
592,000
559.000
Stock In Bombay, India
607,000 300,000
149.486 460,515 299,599
Btook In United States ports.. 457,030
Interior
103,220
273 423 150,394
8.
towns..
246,207
BtockinU.
11.619
13.108
2,922
1,471
United States exports to-day..
Total Visible supply
2,744,908 1,722,525 3,625,248 3,029,215
Of the above, totals of American and other descriptions are as follows:

American—
300,000 1,144.000 978,000
486,000 626,000 582.000
75,000 165.000
97,000
American afloat for Europe...
149,486 460.515 299,599
United States stook
103,220 273,423 150,394
United States interior stocks.
13,103
2,922
11,619
1,471
United States exports to-day..
Total American
1,693,708 1,125,325 2,682,046 2,109,915
Ba$t Indian. Brazil, tic—
88,000
69,000
131,000
105.000
Liverpool stock
5,000
4,000
10,000
9,000
Londonstock
75,200
48,300
75,200
84,200
Continental stocks
86,000
36,000
80,000
69,000
India afloat for Europe
18,000
27,000
22,000
25,000
Egypt, Brazil, Ac, afloat
106,000
105,000
91,000
Stock In Alexandria, Egypt... 129,000
592,000
559,000
300,000
607,000
Stook In Bombay, India
919,300
Total East India, &0
1,016,200 597,200 943,200
Total American
1,698,708 1.125,325 2,682.046 2,109.915
Total Visible supply
2,744,908 1,722,525 3,625,246 3,029.215
3ii 3 2d.
37 18 d.
423j, 3 a.
5 2 '8od.
Middling Upland, Liverpool..
6s, e e.
6i«c.
New
York..
10*80.
8 780.
Middling Upland,
4i«d.
5»,Ad.
S^d.
6%d.
Egypt Good Brown, Liverpool
7i*d.
6 7 sd.
6 7ed.
7d.
Perav. Rough Good, Liverpool
3i«d.
89; 6 &.
Broaoh Fine, Liverpool
43sd
5»sd.
8i6 33 d.
3i*d.
46 16 d.
4 7ad.
Tlnnevelly Good, Liverpool...
Continental imports past week have been 76,000 bal6s.
The above figures indicate an increase in 1901 of 1,022,333
bales as compared with same date of 1900, a loss of 880,338
bales from 1899 and a decline of 284,307 bales from 1898.
Liverpool stock
Continental stooks

ty

bales.

528,000
364.000
102,000
457,030
246,207

July

THE CHRONICLE.

C, 1901.]

At the Intebiob Towns the movement—that la the receipts
for the week and sinoe September 1, the shipments for the
week and the stocks to-night, and the same items for the
aorrespondlng period of 1899-1900 —is set out in detail below.

Quotations fob Middling Cotton at Othbb Markets.—
Below are closing quotations of middling cotton at Southern
»nd other principal cotton markets for each dav of the week,
Week ending
July 5.
0-alveeton.

OLOSIRO QUOTATIONS FOB MIDDLING OOTTOR OH —
Batur.

.

New Orleans
MobUe
Savannah...
Charleston..

HdbO ?!S
58 CJ

m

Sm
°2

So:

Wilmington.
Norfolk
HoBton
Baltimore

Mt*ft

E33

.

.

Philadelphia
Augusta...

*:

Memphis..

:

:

Louis..
Houston...
Cincinnati
Louis vUle.
St.

o«'

Ja^Jc*!

oDccco^JOO'OWoooo'eaxco- *to-

-J «i oo

^ co + v

S3
ft
II!

to

3D

8k
8k
8k
8k

Tuts.

8*8
83a

838
8»8
S>6

8»8
838

8»4

8>4
8>4
7»4
8>*
8*8
8l'i8
9>8
8«4

8%
83l8
8>4
7»4

8*4
73*
8

V

8*
9»«

8 78
8i'ia
9»e

8"i«

9h8
8°s
8*i«
8«*
8V|
8
8*9

8*

8%

8i*
8>«

86 lfl
8>4
8»)8

8

8

838

838

8B lfl

Tkurs

8k

8k
7»4
BH

8ia,«

H13,«

Wednu.

Mon.

rrx

8>e
8>«

8k

a
o
C
•-1

8k"
8'8

8U„
9k
8%
8 k"
8 k"

838

The dosing quotations to-day (Friday)

838

at other Important

Southern markets were as follows.
ON)C»iC~l»i «"^0D0DCCi^C0O5*k -Ji*>'Wh-»J00Ui-je0f-C0^<l
ijta«oa^oi«Jj;to^">iO>i - t-too»9i^oo06»-'OBWto^09»o«aoBOB

:

Co!

5

to

CO

00

u

Athena........

•3

c*b<iic>'cotoco
WCXC^OD toco"^
h-MOo! t^acr ^jco^m! Gotoootoo; o>cstowooco<j wac*
COOOV CO -s» CO -a OO 10 05 COtOl-OOWi OiOOIOOSHODhk*
•

0

M

M

05

tO

I*J t0 o, M M
- J
OtO«lM; 03")W eo
i i ®®i . J*» . .^.
0< 00 CO 05000003^400 W C6 CO
ioOtf^M* 00 ©JO 00 -3
ro
*• 05 CD CO CO © tO tOl COCOOO tOOJO M © 05 CO ©
00 C*J AOOC3O05C0
CDf-CKCC _ C^-^J' -JM^kStS ©**»&}©©*> !-»©*«> 00 CD CO CO

^
WW©

ib.

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i-

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05-

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osycoto-jtocncooocopic^w**^ c» ao o (S o< to_ts *» © © u> ** oo^- eo
COOoVlO CO W<JOCMK>05VM05lo"tOOOh-WO> WtO^-lOCT^ WODWr-'lt".

0>^.|^aHOCOMtOi-'>-'005<JO>WO'»^0:(-'^l^-CT05005COtOW0505l-'
OOCOCOl^30©OJ>->^.|fktOO*'05»-'<k#><10CI-0-0>0'©0>l-'ODrf«.-4»000

COOO<l-'COCOOOU<005ai- ©UOtOCO«Jja5l^OOtOV<05COtO©tOCiJCO©
>

CO

to'

—

©

:

:

;

•

•

«

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<i:
C*.

eo;

•

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to:

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a>oo«©: <*>-:
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.

a
to

MO; O

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tOl^tS

a h o a « w n w en k ^"co h w wVio u «>b h
«: kSMCO:
ol coo<u>: **©; -co«a©wK>to»,©©eDco»J©icDO>*>'Oa»ai*-

19

•

Overland Movement fob the Week and Sinoe Sept. 1.—
We give below a statement showing the overland movement
week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
July 5 and sinoe Sept. 1 in the last two years are as follows.
for the

1900-1901.

July

5.

Week.

—

Bhipped—
Via Bt. Lonle
Via Paduoah
Via Rook If land

..

175
634
1.601
2,987

Via other routes, Ac...
Total gross overland
__.
Deduct shipments—
Overland to ». Y., Boston, &c.

Inland, Ac, from South.

Totalto be deducted

13,377
2,455
4

1899-1900.

Since
Sept.

1.

871,653
233,939
5,105
88,477
133,207
111,288
276,198

21,233 1,689,867

Week.

Sept.

1.

832,795
224,429

645
596

11,686
12,810
206,960
134,819
314,784

1,982

8,344 1,738,283
1,396

....

430,236
98,481
79,459

785
551

332,722
75,304
94,802

_..

5,341

608,176

2,732

502,828

Leaving total net overland*.. 15,892 1,081,691
5,612 1,235,455
* Inoludlng movement by rail to Canada,
The foregoing shows the week's net overland movement
this year has been 15,892 bales, against 5,612 bales for the
week in 1900, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 153,764 bales,
1899-1900.

1900-1901.

In Bight and Spinners'

Receipts at ports to July 5
Wet overland to July 5
Southern consumption to July 5

Total marketed
Interior stocks In excess

Game into sight during week
Total In sight July 5

8

7k

Raleigh
Shreveport

8«8
8&18

8

Weatheb Reports by Telegraph.— Our telegraphic reports from the South this evening indicate that dry weather
has prevailed over much of the South during the week,
although rain has fallen in districts of the Gulf and Atlantic
States and at some points in Texas and the Mississippi Valley.
As a rule, however, the preoipitation has been light. Better
weather has enabled good progress to be made with cultivation in the Atlantic States, but the crop is still reported
backward, and in portions of North Carolina badly in the
grass yet. Rain is claimed to be needed in portioos of Alabama, Mississippi, Arkansas and Tennessee, and damage from
drought is complained of in the Indian Territory.
Galveston, Texas.— We have had light rain on one day during the week, the rainfall being four hundredths of an inch.
The thermometer has ranged from 76 to 90, averaging 83.
June rainfall ninety-four hundredths of an inch.
Abilene, Texas. There has been no rain the past week.
Average thermometer 85, highest 98, lowest 72. Month's

inch.
Dallas, Texas.

— The weather has been dry all the week.
The thermometer has averaged 87, ranging from 72 to 102.

Month's rainfall forty- nine hundredths of an inch.
Corpus Christi, Texas. It has rained very lightly on one
day of the week, the precipitation being one hundredth of an
inch. Thermometer has ranged from 72 to 98, averaging 87.
June rainfall one inch.
Hunttville, Texas.— The week's rainfall has been one inch
and eighteen hundredths, on three days. Average thermometer 86, highest 98, lowest 73. June rainfall one inch and
sixty-six hundredths.
Henrietta, Texas. There has been no rain during the
week. The thermometer has averaged 98, the highest being
103 and the lowest 72. Month's rainfall ninety hundredths
of an inch.
Longview, Texas. It has rained heavily on one day of the
week, the precipitation reaching one inch and seventy hundredths. The thermometer has averaged 87, ranging from
72 to 102. June rainfall sixty-three hundredths of an inch.
Lampasas, Texas. We have had no rain the past week.
The thermometer has ranged from 68 to 102, averaging 85.
June rainfall forty-seven hundredths of an inch.

—

—

—

Texas.—The plant is in good condition in this
There has been no rain during the week. Average
thermometer 83, highest 94, lowest 72. Month's rainfall one
inch and thirty-eight hundredths.
Paris, Texas.— Dry weather has prevailed all the week.
The thermometer has averaged 87, the highest being 103 and
the lowest 71. Month's rainfall forty-five hundredths of an
Palestine,

3,621
11
1,709

Takings.

Montgomery...

I

8k

Natohei

—

Sine*

545

4,578

Rook

Nashville

8

Brenham, Texas. — We have had no rain during the week.
The thermometer has averaged 85, the highest being 98 and
the lowest 72. June rainfall seventy-four hundredths of an

«5T
<« ttO^i tO*.. O tOOtO-OC® K) O tO CO CD H- CO >- 00 GD <C tO U> *»
that
The above totals show
the interior stocks have deceased daring the week 29,990 bales, and are to-night 142,987
bales more than at same period last year. The receipts at all
towns have been 22,694 bales more than same week last year.
;

8

Little

7*4

rainfall only a trace.

-f

CO

to

:

o«-j*-w

ocotoo^vo:
V ©-HOB'*)©©'
«o'

.-•

8k

OolumbUB.Oa.

Oolumbua,Mlss
Eufaula

—

5
•

I

8i l8

Atlanta
Charlotte

Week.

Bince
Sept.

1.

49,899 7,382,911
15,892 1,081,691
29,000 1,259,000

Week.

Since
Sept.

1.

18,708 6,421,364
6,612 1,235,455
32,000 1,338,000

94,791 9,723,602 51,320 8.989,819
29,990 201.580 13,659 U39.963
37,661

64,801
9,925,182

8,849,856

Worth'n spinners tak'gs to July 5 32,670 1,917,498 14,849 2,183,335
Decrease during week.
Movement into sight in_ previous years.
Week.
Binte Sept. 1.
1899
1898-99
bales. 45,327
bales. It ,943,700
1898
25,847 1897-98
10,856,243
1897
14,555 1896-97
8,313,964
1896
1895-96
16,635
6,917,241

locality.

inch.

—

San Antonio, Texas. The weather has been dry all the
The thermometer has averaged 84, ranging from 70

week.

June rainfall one inch and eighty- six hundredths.
Ardmore, Indian Territory. Many reports are coming in
of damage to cotton and corn from drought and hot
weather. There are no signs of rain, and unless moisture is
received in a few days crops will suffer greatly. The therto 98.

mometer

—

registered 105 degrees at three o'clock yesterday

afternoon

New Orleans, Louisiana.— It has rained on five] days of the
week. The thermometer has averaged 82.
Columbus, Mississippi, Rain is needed badly. There have
been showers on three days during the week, but to the extent of only eighteen hundred rhs of an inch. The thermometer has averaged 85, ranging from 73 to 97.
Leland, Mississippi.—There has been no rain during the
week. The thermometer has ranged from 68 to 94, averaging 80-3.
Vicksburg, Mississippi.— We have had rain on four days
during the past week, to the extent of fifty-nine hundredths
of an inch. Average thermometer 82, highest 96, lowest 70.
Little Mock, Arkansas.— Crops on uplands are badly damaged and on bottoms are very spotted. We have had no rain

—

—

.

.

..

:

THE CHRONICLE.

40

during the week, nor in fact for four weeks past. Thermometer has averaged 80, the highest being 100 and the lowest 72.
Helena, Arkansas.— We have had no rain here, but there
have been local showers in the neighborhood. Cotton is
fruiting well, and heavy rains would damage it. Corn is suffering for moisture. Thermometer has averaged 8 1*6, ranging from 73 to 97.
Memphis, Tennessee.—There has been no rain here since
the lGth of June. The weather continues extremely hot and
dry, and both corn and cotton are suffering for moisture.
The thermometer has ranged from 73 to 98, averaging 85 2.
Mobile, Alabama. There have been occasional scattered
showers in the interior, but a good general rain is needed.
Cotton is doing fairly well. We have had rain on six days
during the week, the precipitation being two inches and two
hundredths. The thermometer has averaged 82, the highest
being 95 and the lowest 73.
Montgomery, Alabama.— Crops continue to improve. There
has been rain on three days during the week, the precipitation reaching one inch.] The thermometer has averaged 88.
ranging from 71 to 94. Month's rainfall one inch and fiftyfive hundredths.
Madison, Florida.—There has been rain on two days during the week, the rainfall reaching sixty hundredths of
an inch. Average thermometer 83, highest 94 and lowest 72.
Savannah, Georgia. We have had rain on two days during the week, the precipitation being six hundredths of an
inch. The thermometer has averaged 81, the highest being

—

96 and the lowest 73.
Augvsta, Georgia. Crops have been cleaned, but are very
backward. It has rained on two da3T s of the week, the precipitation reaching eighty- four hundredths of an inch. The

—

thermometer has averaged

82,

and has ranged from

—

71

[Vol. LXXIil,

Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Davie,
Benaohi & Co., of Liverpool and Alexandria, we now
reoeivo a weekly oable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding

week

two

of the previous

Alexandria, Egypt,
July 3.
fieoelpts (oantars*) .

years.

1900-1901.

1899-1900.

18.000
5,405,000

6,434,000

1898-1899.

.

This week

This
week.

Since
Sept.X.

1

This
week.

OOO
5,576,000

Since

TMi

Since

Sept. 1.

week.

Sept. 1.

Bxports (bales)—

To Continent

t

2,000 303.000
5,000 803,000

388,000
4,000 393,000

5,000 352,000

7,000 612,000

4,000 781,000

5,000 670,000

318,000

A oantar Is 98 pounds.
Of which to Amenoa In

1900-1901, 50,976 bales: In 1899-1900,
1
69,997 bales; In 1898-99. 49.149 bales.

This statement shows that the receipts for the week
ending July 3 were 18,000 oantars and the shipments to
all

Europe

7,000 bales.

—

Manchester Market. Our report received by cable
to-night from Manchester states that the market continues
dull but steady for yarns and firm for shirtings. The demand for both yarn and cloth is improving.
give the
prices for to-day below and leave those tor previous weeks
of this and last year for comparison.

We

to 94.

1901.
1900.
Charleston, South Carolina. It has rained on two days of
the week, the precipitation being forty-three hundredths of
8H Ibt. Shirt- Oott'n
8H lbs. Shirt- Oott'n
32« Oop. ingt, common Mid. S2m Oop. %n
an inch. The thermometer has ranged from 72 to 91, averaggt, common Mid.
Twist.
Twist.
Uplds
to finest.
to finest.
Uplds
ing 80.
Stateburg, South Carolina. The soil has dried out ratridly,
d.
d.
e.
d.
d. s. d.
s.
d.
d.
d.
s.
d.
d.
and cultivation is being pushed as farmers are able. Blooms My. 31 7i« ©8k 5 1 ©7 9
438 7% ©8^4
5 3 ©8
4»«
li«©7
10»«
429
7\ ©8^ 5 3 ©8
are beginning to appear, but plants are generally very small. J'ne7 7k «8&ie
S3
" 14 76 « «85 18
2 ©8
41»32 7 78 ©8*4
3 ©7 11
the
There has been light rain on three days of the week, the
7
" 21 7k ©8»4
©813
2 ©8
5
53.,
7
3
©7
10k
4»ia 8
Ifl
rainfall reaching thirty- four hundredths of an inch. Aver" 28 7k ©8k
©8?8 5 4>«©7 10>« CBb
8
2>flf>8
4»u
423 S2
2ifll»8
July 5 7H «8H
5 4^97 10
627j 2
age thermometer 81*1, highest 93 and lowest 70.
Charlotte, North Carolina. The weather has been slightly
The Agricultural Department's July Report.— The
better for cotton, the condition of which is improving. But following
statement, showing the condition of cotton, was
the crop is still badly in the grass and fully two weeks issued by the Department of Agriculture July
3:
late. There has been rain during the week, the precipitation
The monthly report of the Statistician of the Department of Agrireaching thirty- five hundredths of an inch. The thermome- culture shows that the average condition of cotton on Jane 25 was
ter has averaged 81, ranging from 69 to 93.
81-1 per cent, compared with 81"5 per cent on May 20, 758 per cent
The following statement we have also received by telegraph, on July 1, 1900, 81-8 percent at the corresponding date in 1899, a
average of 863 per cent and a fifteen-year average of 875
showing the height of the rivers at the points named at ten-year
peroent. The condition of 81 '1 per cent, with the exception of the
8 o'clock July 4, 1901, and Joly 5, 1900.
July condition reported last year, Is the lowest reoorded condition
reported at this season. There was an improvement during June of
July 4, '01. July 5, OO.
2 points in Texas, 3 points in Arkansas, Oklahoma and In the Indian
Territory; 4 in Alabama, Mississippi and Louisiana, and 7 in TennesFeet.
Feet.
see. On the other hand, there was a decline of 8 points In Georgia
10-6
New Orleans...
.Above zero of gauge.
60
and Florida and 10 points in North Carolina and South Carolina.
23-3
Memphis
192
.Above zero oi gauge.
With the exoeption of Mississippi, where the average oondition is one
124
Nashville
Above zero of gauge.
41
point above the mean ol the average reported on July 1 In that State
5
67
Bhreveport
Above zero of gauge.
for the last ten years, and in Oklahoma, where the figures available
22-2
Vlofrsbnrg
Above zero of gange.
310
for comparison cover only six years, the condition throughout the enIndia cotton Movement from all Pobts.—The receipts tire cotton belt compares unfavorably with the ten-year averages,
Tennessee being
Louisiana 3, Arkansas 4, Alabama 6,
of ootton at Bombay and the shipments from all India ports Texas and North Carolina 1, Georgia 13 and
South Carolina 17 points
Florida 8,
10,
for the week ending July 4, and for the season from Sept. 1 below their respective ten-year averages. Not only was the condition on June 25 the lowest condition recorded, with the exoeption of
to July 4 for three years have been as follows:
last year, for tha cotton region as a whole at this season, but In Geor1900-1901.
1899-1900.
1898-1899.
gia and South Carolina also It was the lowest during the entire period
of 35 years for which records are available; while in North Carolina
Receipts at—
Since
Since
Since
ExIt was the lowest, with one exoeption, during the same period.
Week.
Week.
Week.
Sept. 1.
Sept. 1.
Sept. 1.
cessive rains, followed by a heavy growth of grass and weeds, have
caused much damage in Alabama. Georgia, South Carolina and North
25,000 1,870,000
6,000
890,000 20,000 1,979,000 Carolina, while in Louisiana and Texas the growth has been retarded
by drought. The gravity of the situation is greatly increased in North
For the Week.
Since September 1.
Carolina, South Carolina, Georgia, and to some extent in other States,
Mxportt
by a scarcity of labor.
Great
Contifrom—
Great
ContiThe June and July averages, compared with the Jane and
Total.
Total.
Britain.
nent.
Britain.
nent.
July figures of previous years, are as follows:

—

ft

—

Bombay—
1900-01..
1899-00..
1898-99..

1,000

15,000
3,000
3,000

16,000
3,000
3,000

67,000
4,000
15,000

544,000
91,000
518,000

611,000
95,000
528,000

1,000

1,000
1,000

2,000
1,000

4,000
2,000
2,000

35,000
23,000
26,000

39,000
25,000
28,000

1,000
1,000

1,000
1,000

8,000
3,000
2,000

15,000
10,000
17,000

23,000
13,000
19,000

11,000
3.000
7,000

101,000
66,000
100,000

112,000
69,000
107,000

Oaloutta—
1900-01..
1899-00..
1898-93..
.

1899-00..
1898-99..
All others—
1900-01..
1899-00..
1898-99..

1,000
1,000

4,000
4,000

6,000
5,000

Total all—
1900-01..

1899 00..

3,000
1,000

1898-99..

21,000
9,000
3,000

24,000
10,000
3,000

90,000
12.000
26,000

1900.

Slates.

s

Madras—
1900-01

1901.

695,000
190,000
656,000

Bombay appears

785,000
202,000
682,000

5
Virginia
No. Carolina
So. Carolina

87
80

Georgia

80

Florida

88

Alabama

76
82
80

Mississippi.

Louisiana.

Texas
Arkansas

81

81

.

Tennessee.
Missouri

Oklahoma

.

..

Indian Ter..

78
88
85

4
77

70
72
80
80

3
94
86
85
89
88
87

86

85

84
83
84
85

88
71

91

88

aat

91
86
94
75
84

1899.

1898.

1897.

s

i

1896.

w
8

L

90

79

89
79
74
78
70
64

87

86
88
88

86
78

81

81

78
78
76
74
82
96

90
80
85

4

<
88
88
85
90
88
83
85
93
82
88

90
"7V
84 91

81

86
86
85
89
76
89
91
89
89
96
90
96
82
80

87
99 100
97 98

93
87
90

87

87

91

84
87

90
83

84
90
81
76
84

90
86
85

9!~

91
94

90
92
93
92
87
92
89

87

83
77

90
72
85

80 85
85 103

94
90
98

81 104 100
89 94 100
88
92 80
88 102 100
80 118 107
95 91
90

82
93

}

92

show an

According
81-5I81-1 82-5 75-8 35'7|87-8 89"0 91'2 835 860 97-2 92-5
Average
compared with last year in the week's receipts of
19,000 bales. Exports from all India ports record a gain
The average given above for all the States is the average
of 14,000 bales during the week and since September 1 show as given by the Department.
an excess of 583.000 bales.
Government Weekly Cotton Report.— Mr. James Berry,
Jtjte Butts, Bagging, Etc.— Business in jute bagging has Chief of the Climate and Crop Division of the U. S.
been very light during the week under review at unchanged Weather Bureau, made public on Tuesday the following
prices. The close to-night is at 5^c. for 1% lbs. and 634"c. for telegraphic reports on the crops in the Southern States for
2 lbe., standard grades. Car-load lots of standard brands are the week ending July 1
quoted at 63^(36)^0., f. o. b., according to quality. Jute butts
North Carolina.—Warm, sunny weather, with showers, favorable;
dull at \yj& 1%v. for paper quality and 2%@2}£c. for bag- cotton Improved, forming squares freely, scattered blooms reported.
to the foregoing,

increase

ging quality.

to

..

South Carolina.— Scattered showers

only, but

heavy

in plaoesj

July

THE CHRONICLE.

1901.]

o,

cultivation made fair protfreBK, cotton Improved, hot oondltloni continue uupromlslntf, with miiuy Uelds utlll gtmuy, cotton blooming lu
placer, but frultiiiK sparsely, plants unuhually small, oil color, aud
dying on Bandy lands; Sea Island cotton Improved.
Ukokoia. — Crops favorably affected by hot and generally dry
weather; much cultivation done; cotton recovering slowly, but atlll
considered poor.

Florida. —Pronounced dry weather continues

bem
day

lu

western

dlstrtot;
tlelal rain over large portion of north and central districts liixh
temperatures aud fair weather enabled farnu rs to accomplish

though some Uelds

araeay.
much
Ai vuama.— Continued high ti-mperivtures, insumVh nt showers, general rain needed; ootton olean, healthy, small but improving, blooms
in cleaning cotton,

still

breaking.
Mississippi.— Rainfall local and lnaullicient, except In few >uttiwestern counties; crops olean and In good state ot cultivation; ootton
while not suffeiiug would be much Benefitted by general rain, It Is
faulting in southern and ooinnienoius; to bloom in uoi tin ru counties.
Louisiana- Showera, increasiuK In irequenoyand amount dining
lactdaysof week, improved condition of all crops, but more rain is
needt d generally, and in uianv plaoes drought oontlnues; some or the
voungfst cotton suffering, but generally ootton la withstanding
drought ren arkably well; plants small but fruiting nioely.
\ vs — Week w;irm with desiccating winds; scattered i-howers.but
rainfall Insufficient for needs of agricultural interests; cotton bloomlug and fruiting, needs rain exoept in scattered localities; grasshoppers damaging crops iu some places in northwest portion.
Arkansas.— Hot, dry weather; scattered Bhowers, not of much benefit to crops; cotton not eetiously injured at present, but begins to need
l

.

i

Hafday

spot.

Market,

I

1:45 P. *.\

Mid. Upl'da.
Sales
Spec.

Future i
Market,

Market,
4 P. m.

aid

Indian

tered showers; ootton doing fairly well but needs rain.

These reports on cotton are summarized by the Depart-

ment

as follows:
Cotton is now In general need of rain in the central portions of the
cotton belt, but Is standing the drought very well. In portions of
Southern Texas the rainfall has been ample, but the crop in that State
is generally in need of rain. A general improvement is indicated in
the eastern districts, but the condition of the crop In Georgia and
South Carolina is still unpromising, although cultivation lu these
States has made favorable progress.

Shipping mews-As shown on a previous page, the
exports of ootton from the United States the past week have
reaohed 20,290 bales. The shipments In detail, as made up
from mail and telegraphic returns, are as follows:

—

Total bait.

Liverpool, per steamers Canadian, 2,353

Taurlo. 510
To Hull, per steamer Hindoo, 50
To Havre, per steamer La Champagne, 100 upland
Sea Island

2,863

50

and 50
150
50
200
853
459
50

Hamburg, per steamer Pennsylvania, 30

Antwerp, per steamer British Prince, 200
Genoa, per steamers Lombarbia, 470
Werra, 383
Trieste, per steamer Gottfried Sohenker, 459
Venice, per steamer Gottfried Schenker, 50
Hew Orleans— To Liverpool— July 3— Steamer Darlen, 3,219.
To Dublin— Jul p 3-8teamer Glenarm Head, 1,898
To Genoa—July 3— Steamer Sioilia, 6,317
Pbnsacola— To Liverpool—July 2— Steamer Anselma de Lar-

3,219
1,898
6,317

50

rinaga, 50

Newport News—To Liverpool—June 28—Steamer Rappahan-

298

nock. 293

Boston— To Liverpool— Jane 25-8teamer

Philadelphlan, 658

June 28-8teamerr Ultonia, 1.C24
Baltimore— To Hamburg— June 27— Steamer Bengalia, 300..
Portland. Ore.—To Japan— June 26— Steamer Knight Com-

1,682

300
1.851

panion, 1,851

20.S90

Total

Exports to Japan since Sept.

and

68,464 bales

Cotton freights at

have been 710 bales from

1

from the

New York

Satvr.

Llverpoool

e.

Amsterdam

e.

Rotterdam

e.

10
20<»21

10

20321

31

21
20
32
21

week have been

Wtdnet. TAurt.

10

a

t

21

21

20
32
21
18

20
82

24i*

24%

24is

24i*

32
28

32
28

82
28

82
28

16a>17

16917

H
pwl

e.

21
18

24%
t
1

f

32
28

I

v. Bt. Pet.e.

Genoa

10

20921

18

v. Hull... e.

m.

20921

21
20
32
21
18

20
32
21
18

Antwerp..... ....a.
Ghent, v. Antw'p.e.
Reval, v.Br-Hame.

Do
Do

Xutt.

10

c.

Hamburg

Mon.

20921

e.

e.

•

16917 16917

•

16B17

30
30
30
30
80
Quotations are cents per 100 lbs. or fractions of a penny per lb.

Trieste

I

e.

Liverpool.— By cable from Liverpool we have the following statement of the week's sales, stooks, etc., at that port,
June 14
Sales of the

500

week

bales

Of which exporters took...
Of whioh speculators took
Sales American
Aotual export
Forwarded
.,
Total stock— Estimated
Of whioh American— Est'd
Total import of the week
Of which American
,

54,000
1,400

900
48,000
5,000
58,000
721,000
888,000
35,000
20,000
96,000
80,000

June

21.

61,000
1,400
1,200
54,000
6,000
34,000
691,000
561,000
30,000
25,000
89,000
70,000

June 28
47,000
500
1,200
41,000
3,000
48,000
682,000
550,000
42,000
33,000
76,000
59,000

it

Moderate Moderate
demand. demand.

Qnlei.

Quiet.

42» sa

4»J„

7,000

7,000

8.000

8,000

6,000

500

too

500

300

10'j

Steady at Steady at
i-tHHi tJ4 partially
advance. 1-44 adv.

Very

Barely

steady.

steady.

Quiet at

Steady

Bteady at

al

l-til lii-tit

ranee.

decline.

|

partially
1-84 dec

Very

Qultt.

Kj->

ittady.

The prioes of futures at Liverpool for eaoh day are given
below, Prioes are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
TKepricen are given in pence and Githi. TKut : 3 63 meant
-64d.. and 4 01 meant 4 1-644.
Sat.

71

June 29

Tnei,

OH.

July

1.

Jul;/ 2.

Wed. Thar a.
July

July

3.

4.

Frl.
July 5.

12% 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 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.
d.

d.

d.

4 36 4 35
June-July... 4 34 4 34 4
July- Aug.... 4 33 4 33 4
Aug.-Sept... 4 27 4 27 4
Sept .L.M.C. 4 27 4 27 4
Oct., G. O. O. 4 13 4 134
Oot.-Nov.... 4 09 4 104
Nov.-Deo... 4 07 4 07 4
4 07 4 17 4
Dec- Jan
4 07 4 08 4
Jan.-Feb

d.

4.

Jnne

Feb.-Mch...

Moh -Apr.

.

4 40 4 39
4 39 4 88
4 33 4 32
4 33 4 32
171 4 20 4 19
13 4 17 4 10
11 4 15 4 13
11 4 15 4 13
11 4 1514 144
4 11 4 15 4 14 4

....
....14

38
36
30
30

12 4 16 4

154

40
ay
33
33

38
37
31
31
19

4 35 4 38

i

4 34 4 37
4
4 29 4 31
4
4 17 431
4
21
4 17
19
4
16 4 14 17
18
4
15
14 4 12
144
4
U 14 4 12 15 4 4
16
14 4 12
154
4
16
14.4 13
164 £0 4
1714 15J4 13
164 1914

39 4 36
33 4 35
33 4 30
33 4 30
24 19
21
17
19
15
19
15
19
15
20
16
20
16

BREADSTUFFS.
Friday, July

5,

1901.

Owing

to the observance of Friday as well as Thursday as
a holiday, the business week has been a comparatively short
one. The volume of business transacted in wheat flour has
been very moderate, the extreme hot weather interfering
with trucking, and this, ccupled with the fact that there
have been no new developments in the situation of a character to induce buyers to take hold, has resulted in a dull,
dragging market. Demand for rye flour has been slow, but
with light oiferingsjprices have held steady. Corn meal has
had only a small jobbing sale, but prices have been well

maintained.
Speculation in wheat for future delivery, considering the
shortness of the business week and the hot weather, has
been moderately active. No important price changes, howThe reports from both the winterever, have occurred.
wheat and spring belts have continued of a highly promising
character, under which prices during the opening days of
the week showed a tendency to sag. On Tuesday, however,
there developed a better undertone. The world's stocks
showed a considerable decrease, against an increase a year
and the crop news from Continental Europe
ago,
continued of an unfavorable character. On Wednesday
prices made a further fractional improvement, the result,
however, largely of buying by shorts to cover contracts over
fairly large export business has been transthe holidays.
acted during the week here and at outports, and this too has
had its influence in favor of the market. The close of the
spot market was firmer, following the advance in futures.
DAILY CLOSING PRICKS OF MO. 2 BED WLHTEK IN IS E
YORK.
Sat.
Mon.
Tuet.
Wed. TKurt.
Fri.
Cash wheat f. o. b
75%
74%
76%
75%
July delivery In elev
72%
72%
72%
73%
tt^ua^
^onaay.
Sept. delivery in elev.... 72%
71%
71%
72k
74
Deo. delivery in elev
74%
73%
74%
DAILY CLOSING PRICES OF HO. 2 SPRING IN CHICAGO.
8at.
Mon.
Tuet.
Wed. Thurs.
Fri.

A

Pacific Coast.

the past

as follows.

Havre
Bremen

5,000

d.

Territories.— Conditions becoming
droughty, but ootton made rapid growth and In good cultivated conblooming.
squares
and
dition; cotton forming
Missouri.— High temperatures, drying winds, and only light, scat-

New York

433. a

Stead r.

fruiting fairly well.

To
To
To
To
To

*»ia

oartlnlly
1-04 adv.

Tennessee —Weather generally hot and dry with local showers and
heavy damaging rain and hail In few localities; ootton growing and

New York— To

Firmer.

Steady

1:45 P. M.

Monday Tuesday. Wed'day Thurtd'y rrulay

Quiet.

Aexp

rain.

Oklahoma

11

July

5.

42,000
1.400
1,000
36,000
3,000
54,000
659,000
528,000
34,000
28,000
35,000
40,000

W

July delivery In elev
Sept delivery in elev
Deo. delivery in elev

65%
66%

64%
65%
67%

64%
66%

65
65%
66 % Holiday. 66%
68
68
Indian corn futures have been fairly active and at advancing prices. Early in the week the private advices from the
corn belt were decidedly discouraging as to the prospects for
the growing crop, claiming that rain was badly needed In
some localities. Subsequently good rains were reported in a
considerable section of the corn belt, and this, coupled with
the fact that country acceptances were more liberal, resulted
in an easier market.
At the decline there appeared to be
fairly general buying for investment account and the undertone of the maiket was fairly steady. The spot market has
been firmer, but only a limited volume of export busk,
has been transacted. The close was quiet.
DAILY GLOBING PRICE* OF NO. 2 MXXBD CORN IN
YORK.
Wed. TAurt.
Mon. Tuet.
Fri.
Bat.
Cash corn f. o. b
48%
50%
50%
50%
July delivery In elev
48
48%
49%
49% «°"a»yu..
Sept deUvery In elev.... 49%
50%
49%
504
Oct. delivery iu elev
49
50%
50%
49%
DAILY CLOSING PBIOBS OF NO. 2 MIXED COKN IN CHICAGO.
Fr\
Wed. TKurt.
Sat.
Mon.
Tuet.

NEW

M

45%
44%
46%
44%
47
46%
46% Holiday. 47's
Deo. delivery in elev
45
44%
45%
The tone of the Liverpool market for spots and futures
Oats for future delivery at the Western market have been
each day of the week ending July 5 and the daily closing quiet, but prices have advanced in sympathy with tbe rise in
prioes of spot ootton, have been as follows,
values of corn. The improvement, however, was not fully
Amount afloat

Of whioh American

July delivery In elev....
Sept. deUvery in elev....

43%
45%
44%

Vw

THE CHK0N1CLE.

42

maintained, liquidation by speculative holders of July contracts resulting in a slight reaction from top prices.
Locally the spot market bus been quiet, only a small export
business being transacted, and the home trade has been a
limited buyer prices have held steady.
DAILY CLOHIHQ PRICES OF OATS IN
YORK.
Fri.
Bat.
Mon. Tue§.
Wed. Tkun.
32%
32%
82 ia
r,.
No. 2 mixed In elev
32^
.,,
"oiiaay.
;

NEW

M

83 >s
33^
33 Hi
DAILY CLOSING PRICKS OF HO. 2 MIXKD OATS IN CHICAGO.
Fri,
Sat.
Mon.
Tue$.
Wed. Thun.
27i«
28»*
July delivery in elev
27
27
27^8
27^8
2738
2734
27°8 Holiday. 29
Sept. delivery In elev
Mo. 2 white In elev

May

1

33 **

are doing business to the improvement of general conditions
in the staple goods departments.
There has been no movement in prices, but the tone is very firm. Business in fancy
cassimeres and worsteds has ruled quiet. There has been
little done as yet for the new light-weight season, and a number of important lines will not be opened for several weeks
to come.
Overcoatings and cloakings are quiet and unchanged and flannels and blankets featureless.

Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending July 1 were 9,985
packages, valued at |4 14,332, their destination being to the
points specified in the tables below:

30<4
29»8
29%
303s
and easy. Barley has been neglected
quoted have been nominal.

delivery In elov

Rye has been

dull

New York

and prices
Following are the closing quotations:

FLOUR.
Patent, winter.... »3 70 ©3 85
$2 15 • ....
2 30 »2 35
City mills, patent. 3 90 ©4 45
8uperflne
2 50 ®2 65
Rye flour,snperflne 2 70 ©3 45
Extra, No. 2
Extra, No. 1
2 65 »2 75
Buckwheat flour
© ....
2 90 ©3 30
Corn mealClears
Western, etc
3 25 ©3 55
Straights
2 40 ©2 50
3 65 ©4 35
Brandywlne
Patent, spring
2 55 ©2 60
(Wheat flour In sacks sells at prloee below those for barrels.)
ORAIM.
0.
Corn, per bush.—
e.
o.
Wheat, per bush.—
Western mixed.
48 ©50^
Hard Duluth, No.l 82k©84i4
4838©50i«
No. 2 mixed
N'thern Dul., No.l 72%©74ifl
Western yellow
Bed winter, No. 2 73%©75>4
48»sa5038
72%©74i4
Western white
Hard N. Y. No. 2.
50 ©51%
©34
Oats— Mlx'd, p. bush. 32
Bye, per bush33
©37
western
White
..50 «56>t
32ia©33i*
State and Jersey
52 ©55
No. 2 mixed
33^934^
Barley—Western
No. 2 white.
67 ©63
Feeding
©.
Fine

—

Government Weekly Grain Report. Mr. James Berry,
Chief of the Climate and Crop Division of the TJ. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States, for the week ending
July 1, as follows:
Weather.— In the districts east of the Rocky Mountains the week
ending July 1 has been intensely hot, withdesiooating winds In Texas,
and the States of the lower Missouri Valley and Middle Rooky Mountain slope. East of the Mississippi River the excessive heat has so
far caused no serious injury, but In portions of the Ohio Valley, TenIn the
nessee and the central Gulf States rain is much needed.
central and north Plateau districts and on the Pacific coast the week
has been abnormally cool with light frosts in exposed places in Idaho
and Utah. Abundant rains fell from Central Montana eastward to the
upper Lake region, and over portions of the Ohio Valley and local
areas In the South Atlantic and Gulf States.
Corn.— Oorn has made good growth In the principal corn States,
but is suffering for rain in Missouri and Kansas. In the Ohio Valley
and Middle Atlantic States, however, corn is backward, and in the
upper Ohio Valley is suffering from lack of cultivation. In the central
and west Gulf States, including Arkansas, the crop has been seriously injured by drought.
Winter Wheat. - Under the high temperatures of the past week
grain has ripened rapidly and harvesting of -winter wheat has made
rapid progress, being nearly finished in Kansas and Missouri, and
thrashing is well advanced In the central valleys. In the upper Ohio
Valley a considerable portion of the orop Is badly lodged, and reports
of damage by rust and fly are received from Pennsylvania and New
York, respectively. Favorable reports continue from the Pacific
coast; in Oregon wheat Is ripening slowly, but under favorable condi-

1901.

to Joxt

Week. Since Jan. 1

For other tables usually given here see page IS.

THE DRY GOODS TRADE.

not a question of price but of inability to make the deThis is a condition seen to some extent in
both cotton and woolen staple lines. There are also sellers
refusing to take orders for any deliveries required before the
end of September, so that the market situation of itself is a
difficult one for buyers to deal with in the classes of goods
referred to without their action being influenced by restrictive outside factors. The quieter business has had no effect
upon the general tone, which continues firm.
Woolen Goods.— There has been a smaller re-order demand for heavyweight woolens and worsteds for men's wear
this week than last, but for the time of year it has proved
considerable. Staple fabrics are in best request with buyers,
nearly all endeavoring to place their orders for leading
makes. As these are, with barely an exception, sold up to the
extent of their season's production, many orders are being
declined. Where suitable substitutes can be found, buyers
it is

sired deliveries.

47,432
2,174
22,591
4,611
11,358

334
38
48

314

18

4,756
32,580
4,036

422
62
148
595
212

9,985

133,930

1,830

Central America....

977

1,443

Total.

1,136
1,169
118,404
8,299
21,605
2,326
13,424
1,835
6,473
28,648
4,429

202,748

1.

The value of the New York exports for the year to date
hes been $5,907,855 in 1901, against $8,507,005 in 1900.
The advances recently made in heavy brown sheetings and
drills have been steadily adhered to by sellers, but there has
been only a limited demand coming forward from either the
home or export trades. Leading makes are out of stock and
sold ahead for two to three months.
Light-weight sheetings
are quiet but firm. There has been no change in the price of
bleached cottons, but a very firm tone pervades this department.
The demand is moderate but stocks are in good
shape. There has been nothing doing of moment in wide
sheetings, cotton flannels or blankets.
Business in denims
has been moderate at firm prices, but some sellers of ticks
and plaids have secured advances of J^c. per yard. Other
coarse, colored cottons are firm.
Kid- finished cambrics are
quiet but firm. The best business in printed calicoes has
been in staple lines, such as indigo blues and mournings. All
staples are firm.
The demand for fancy calicoes and for
fancy specialties has been fair. The market shows a quiet
business doing in etaple and dress style ginghams, but with
small stocks prices are firm. Print cloths are very firm on
the basis of 2%c. for regulars, but only a limited business re-

Wide goods

ported.

quietly firm.

Foreign Dry Goods.—The market for foreign dress goods
has been quiet this week and featureless. Silks are firm but
also quiet. Ribbons and laces show little business in progress.
Linens are dull but firm in price. Burlaps irregular,
with slow demand.
Importations and Warehouse Withdrawals of DrjGoo4i

a

H

a

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3

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:

:

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-- --

CJl

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00*. (Cm to
a©*. »©
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18,713 62,367 34,385 80,047 66,440

W®MXO

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1,354,514

tOvl^tOW
kOWMOitO

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In?
•

New

York, Friday, P. M., July 5, 1901.
Several conditions have tended this week to restrict business in the dry-goods market, and the result has been a
material curtailment in the general movement. The week
of the Fourth is seldom expected to show buyers in an, aggressive mood, and an exceptionally high temperature has
this week reduced them to a positively passive state. It is
questionable if even without these drawbacks there would
have been a large business doing, even though the demand
might have been fuller. In various directions the ready supplies of merchandise are absolutely cleaned up, and in those

39

Mexloo

in the States of the

moisture, but large yields are promised.

38

876

"2

lands.

upper Mississippi and lower
Missouri valleys has suffered damage from the Intense heat. The orop
is much affected by rust in Maryland and Pennsylvania. In other
sections more favorable reports are generally received.
Hay.— Haying has progressed under very favorable conditions, and
satisfactory yields are generally reported, except in portions of the
central Mississippi and lower Missouri valleys, where the crop Is light.
In Oregon and Washington haying has been delayed by cloudiness and

2,539

12
7,597

373

South America
Other Countries

Week. Since Jan.

120

,

Afrloa
West Indies

Spring Wheat.— In Minnesota the condition of spring wheat continues excellent, and in the Dakotas the outlook is generally favorable, although some iDJury has been done by excessive rains on low-

Oats.— The oat crop

1900.

1.

Great Britain
Other European.
Ohlna
India
Arabia

tions.

IW~

LXiDI.

[Vol.

j

w © © to
CCOSOibtO
*>•

I

JM<1 ©wot

CO© oVo
Oi

— <xoo»

f*yp
Voo"m
wV
tow ©©*>
e*© CKOCO

§

§

July

6,

THE CHRONICLE.

1901.]

Stats and

City

ptf abtment.
IN JUNE.

~~miM(^^

The sales of municipal bonds during June aggregated $13,430,598, which is about 2 millions short of
the average for that month of the previous nine years.
June is generally an active month in the municipal
market. That this year's total is not greater than it
is

due to the fact that several

is

cities failed to

float

Among these may be
large issues for various causes.
mentioned the nine-million dollar three-per-cent loan
of the city of Philadelphia, which found
the reason that the interest rate did not

no takers

for

prove attrac-

tive under the existing money market conditions.
Other views have been advanced by local papers as to

not reasonable to suppose that
when New York City is compelled to pay on a basis of
3-22 per cent for its loans, Philadelphia's three per
the cause, but

is

it

cents would find no market at face value.
New York City issued a large block of bonds dur-

The city on June 17 sold $3,057,ing the month.
125 90 3^-per-cent gold corporate stock to Vermilye &
Co.

and Harvey Fisk & Sons,

—a

New York

City,

on

a

improvement over
3*292 per cent, the interest basis of the sale on May
14 1901. New York City also during the month
made arrangements to extend the time of payment of
a large portion of the $8,885,500 county bonds which
matured July 1 1901. Practically all the registered
basis

of

3*22 per cent

slight

holders of these bonds have agreed to the extension at
3 3-10 per cent interest, while a portion of the coupon

holders has also consented to the [plan. It is expected that as the coupons are turned in for payment

43

Bate.
Location.
^age.
45. Canton, O. (8 'emirs.. 5
4
1248. Caribage, N. Y
1292. Chaves Co., N. Mex.. 5
45. Chaves Co., N. Mt-x.. 5
1248. riirsterlPa )Hch Diet. 3>«
1199. Chicago (111.) Bo. Park 4
4
1199. CblUloothe, Mo
3-«
1293. Cincinnati, Ohio
3»n
4ft. Cincinnati, Ohio
45. Clay Co.. Ind
3-a
1152. Coaleevllle, Pa
3»a
45. Cohoes, N. Y
3>a
r.ilioes, N. Y
4ft
4
Sprlngs.Colo
1248. Colorado
4
1152. Columbus, Ohio
4
1248. Conshocken. Pa
5
1293. Covington, Ga
4
4ft. Cuyahoga Co., Ohio..
4
1152. Dansville. N. Y
5
1200. Dt-iulwood, 8. Dak
1248. Deoatur Co., Ind
5
45. Decatur Twp., Mich.
45. Delford (N. J.) Sohool
*
Dlst.
3"*
1200. Delray. Mloh
6
45. Doyleetown. Ohio
1152. Eaet Liverpool, Ohio
8
(2ieeuee)
4
1200. East Newark, N. J
1200. Elmo (Mo.) Soh. Dlst.. 6
45. El Paso Co. (Colo.) Soh.
4
Dist. No. 11
5
45. Faulkton.S. Dak
45. Fillmore Co (Minn.)
Sch. Diet. No. 45...46. Flndlay, Ohio......--.

Flathead Co. (Mont.)
High Sch. Dlst
Grand Rapids, Mich..
Grand Rapids, Wis ..

46

1200
1200
46

.-..Diet. No. 3
46. Greenville Co., 8. C...
46. Guthrie, Okla..
1294. Harris Co., Texas.
1294. HazleTwp. (Pa.) Soh.
.

•---•
is----•

Diet
1248. Hen'yCo.,Ohio
sues)

S.

Dak

1248. Idaho (5 issues)
1200. Independence, Mo
46. Independence (Kan.)
Soh. Dist. No. 5
46. Jackson Twp., Ohio..
1249. Jasper, Minn
46. Kaneas City (Mo.) So.
Park Diet
.

the bonds will be extended accord-

46 Knox Co., Ind
46 Knox Co., Ind......-1200. Lake View (O.) Sob.

ing to the plan published in the Chronicle some
weeks ago. Of course we do not include this bond

46 Lexington. N. C....--1249. Lewis Co. (Wash.) Soh.
Dist No. 19

that practically

all

transaction in our monthly totals, as the operation

is

simply the extension or exchange of an existing loan,

not the creation of a new one.

The number of municipalities emitting bonds and
the number of separate issues made during June
1901 were 171 and 239, respectively. This contrasts
with 178 and 216 for May 1901 and with 204 and 256
for

June

1900.

Dist

1153.. Lewiston, Me
1249.. Liberty Twp Ohio.
1200.. Little Lake (Cal.) Soh.
Dist
46. London, Ohio
Ohio
Lorain,
1249..
1153.. Macon, Miss
1294.. Madison Co., Ind
1200.. Mahoning Co .Ohio..
1294.. Maiden, Mass. (7 issues)

1200.. Manchester (111.) 8cb.
Dist
1249...Marfon Co., Ind
1294.. Mercer Co. Ohio
12 9...Mlddletown, Conn
1153.. Mil«H City, Mont
1249...MUlinookett, Me
47.. M lnneapolis, Minn
1153.. Minnesota
1294...Mt. Clemens (Mich.)
Sch. Dlst
1249 Mt. Morris. N. Y
47...Multnomah Co; (Ore.)
Sch. Dist. No 5
1249...Mnrdock, Minn
1249.. Napoleon. O. (6 issues)
1295...Natchez, Miss
1295.. Ne w Bi emen Ohio
1295. .New castle Co., Del...
1295. New Castle Co. Del.
1250. .New London, Conn...
1201. .New London, la
1250. .New Matamoras, O...
,

.

,

.

.

.

Amount.
$35,000
2,400

Pri*e
102-78
102-166

10,000 100
120,000 103-60
20,000 108185

12

.

,

.

Page.
Location.
Rate.
Maturity.
1151.. Akron (O.) Sch. Dist.. 4
1906-1909
1199. Akron. Ohio
1902-1906
5
1292..Ashevllle(N. O.) Sch.
Diet
4
1931
1248. Atlanta, Ga
3*2
1931
1199.. Aurora. Ill
4
1916
1199.. Beaverhead Co.(Mon.)
8ch. Dist
4
tl906-1921
1151. .Belknap (Iowa) Soh.
Dist
1902-1905
5
1199. .Beltrami Co.. Minn... 5
*19i6
1248. .Benton Co.. Minn
4
1910
1248..Benwood (West Va.)
Sch. Diet
5
1911
1199.. Berea, Ohio
1914-1920
4
1199.. Berea, Ohio.
1914-1917
4
1292. Blddeford, Me
1921
3^
124H..Biloxi, Mies
5
tl906 1921
1292. .Boise City (Ida.) Soh.
Dist. (2 issues)
5
U911-1921
44. .Bowling Green. Ohio. 4
1902-1911
1199. .Brainerd (Minn.) Soh.
Dlst
4
1921
1199. Bristol, Va
5
U921-1931
1292. .Brown Co., Wis
1292.. Burt Co., Neb
3* U911-1921
1292. .Butler (Pa.) Soh.IDist. 3*2
1905-1921
1248.. Caddo Parish, La
4
1931
45. .Caldwell (Idaho) Soh.
Diet
5

.

,

.

In the following table we give the prices which were
paid for June loans to the amount of $12,633,048,
The aggregate of sales
issued by 171 municipalities.
for which no price has been reported is $797,550, and
the total bond sales for the month $13,430,598. In
the case of each loan reference is made to the page of
the Chronicle where a full account of sale is given.
June Bond Sales.

.Newport, N. H...
47. .Newton, Miss

New York

1250.

City

100

50,000
10,000
2,000
25,000
3,100
52,000
10,000

105*25

10403
103-336
106-90

100
105-31

101886

1201.
1250.
1250.
1153.
1250.
1153.

47
1201.
1154.
1250.
1251.

6,000

100

98

1

1H0(>-1921
191 1 1921

11911

:

1931

1926
1902
1911-1916

U905-1911
1931
1921
1902-1926
1906-1910
1911-1921

1902-1906

1

100*0

2,r-oo

22,500 ; 102977
17,440 103-30
5,000 104-39

1903-1919
1911
1902-1921

15,000

100 05

4'.,0l0

101055

10,000

117

1902 1906
1921
1904-1913

5,222
56,000
4,000

105-974
103-75
106

1911-1921

20,000
4,000

101-04
100-275

U911-1921

4

1912-1916

19021911

4

U911-1921

4

1902-1906
1903-1921

4

6,0<
103 57
30,000 ;loo
ll.OOO 101-818
125,000 105 76
500,000
28
25,000 102 60
ftO.OtO 103 30
50.000 102
19,081 101
76,980 101-369
40,000 105 04
15,000 100
118,000 103-709
1 ',000* 100
11,000 10H-518
15,000 106 333
288,000 103-U88

5.500 101-91
30,000 101-88

100
101-65
105-09

20.000
100,000
60,000

6
4

U911-1921
1931

4*2

4,000 103
31.000 100
155,000 100161
400,000 100

3

11911-1941

5

1905-1921

17,000

110-77

*

1901-1911

30,000

102-646

*>

1910-1915
1903-1918

6,000
15,000
10,000
205,000
30,000

100 583
108-843
101

5

5

4

1911-1921

4

11906-1921

4*2

Ohio
.Ogden, Utah

40,000 J102
7,000 (111-375
8,000 100-3375

1907-1909

4*a

19041911

1
6

1902-1921
1902-1921
1903-1912

5
5

1902-1913
1931

8

1905-1907
1931
1910-1914

3,500
185.000
10,000

108 09
102-986

6
o

1904-1908

4

1902-1905
1902-1921
1P01-1920
1902-1906

1,500
5,000
6,500
10,000
23,358
10,000

105-834
102-76
100-23
101-36
103-64
103 055

58,000

102-6408

4*2

3»2

4

5
4*2
4*a
3*2

*
3*2

1902-1906
1921

4
8*2

1921
1906-1911

6
4
4

1911-1921
1931

3

1907-1909

4

1904-1911
1902-1927

3*2

4

tl911-1921

6
5
5
6
4
4

1916
1902-1906
fl905-1930

3^2

1902-1921

1914-1915
1926

6
5

1921

6

106187

151,295
19,393
15,043

103-065
104-653

6,000 105-801
4,000 103-75

100086

5,000 100
100,000 106
102-43
23,0
70,000 104039
8,000 104125
10,000 105
150,000 11607
250,000 100
102-51
102-03

30,000
42,000

6,000 100
1,500 103-4.O
12,330 101014
25,000 102
10,000 112-55
75,000 100-50
20,000 104
100.000 105-67
6,000 112183
10,000 105131

1906-1917

93,800
4,000

1941&1948

3,057,125

1926-1941
1902-1906

150,000

3

4
5
4

.Niles,

.Oi-densburg, N.

10530
101-51

6

(N. Y.j

Y

.Ozaukee Co., Wis
PassaloCo.,N. J

.

.Paterson, N. J
Peoria, 111
Perry. N.
.Pine Hill. N. Y
l'lattsburtf, N. Y
.Poplar
Dluff (Mo.)
Soh. Diet

Y

1154. Portsmouth. Va
1201. .Powell Co., Mont
County,
1201. .Red Lake
.

10,000 {100
15,000 103-04
10,000 102-85
80,000 101
15,000 101
60,000 100

1

1902-1921

4

3*2

47 .Niagara FaUs
Soh. Dist

2,000 1100
36,0< O 103-20
20,000 102-425

19211931
192M931

Prtc*.
101 01

1103
105
104
•

(5 is-

sues)

30,000

$47,300

f2

1294. Herington (Kan.) Sob.
Dist
1294. Holgate, Ohio

Howard,

Amount.

(Ore.) Sen.

Grant Co.

46.

Maturity.

1908-1900
1906 1911

Minn
1202. .Rochester (Pa.) 8cb.
Dlst
1296. .Rockland, Me
1154. .Rome. N. Y
47. .Roseau Co., Minn

3*2

4
4
4
3-2

3^
4
3*a

4

4
4

tl9) 1-1921

19C2-1921
1903-1911
•1914
1911
1021
1931
1906 1910
1902-1926
J1911-1921
1931

U911-1921

4^

1911

3ifl

1904-1930
1916
1902-1906
1911

3S
3-*

5

106-577
115-56

1,00 101-927
30,000 100-016
16,000
45,000
125,000
38,000
50,000
54,000
2,0i

25.000

103
102-68
107-08
104-67
100-10
101-24
103-25
101-77

12,000 100 625
11,500 100-51
76,000 100266
8,000

41,500
18,000
30,000
43,000

100-625

10111
105-42
100-46
ICO
-

——

—

:

THE CHKONICLE.

11
Page.
Location.
L296. .8ttKln»w, Mich. (2

Rate.

4

les.)

4
8

47. .8t. Louie, Mlc'a.
47. .8t. Paul. Minn

1297 .Salem, MasH
1202. .Salem, Ohio
116B. .Salt Luke City, Utah..
1297 .San Di pro, Gal

3>4

1902 1941

4^

190'2-1941
1926-19!

4»a

1927-1929
1912-1913
1906-1927

1202. Scran ton (Pa ) Sohool
IMat
4
48. .Seneca Falls (V.), N. Y 3»s
1297 .Shelby Co., fowa..
4

1931
1902 1911
*1908

4

Priet

103006
102-^7

937,000 100
15,000 100 253
18,000 lull-50
200,000 101
600,000 104-376
60,000 106012
80,000 114-38
25,000 114-89

1921

4»«

4
4

Pa

(

!

4

NY

47. .ScottTwp.,

$50. 00
7,000

1-MI2-1919

4

47. .Santa Barbara, Cal...
1251. .Schenectady, N. Y
1251 .Scueneotady,
1251. .Soheueotady. N. Y

Amount

Maturity.
1902-1911
1927-2K-29
1902
1902 -191

[Vol.

11,(100

10717

45,000

111 238

75,000
10,000
25.C00

114-31
100-63
101-268

and Personal.

Total Real

.

rough—
Manhattan
Bronx

1901.

I'.o

Brooklyn
Queens

Hlohmond
Total

LXXLI,

1900.

Increase.

$2,713,468,664
155,996,910
748, 203,743
118,006,430
52,295,126

$J,653,384,287
146,6<8,490
695,321,3 10
109,926,553
48,988,128

$60,104,377
9.48S.420
52,882,403
8,079,877
3,306,998

$3,787,970,873

$3,654,108,798

$133,862,075
$69,245,061
64,617,014

Increase— Real estate
Personal estate
Total increase

$133,862,075

.

1297 Sherburne (Minii.) Sch.

Bond Calls and Redemptions.

.

1251.

1251
1251
1252
48.

1155.

Dlht
.Shofione Co. (Idaho)
Sch. Diet. No. 8
.Somerville, Mass
.Somerville. Mass
.Somerville, Tenn
.South Brooklyn, O...
.South Omaha, Neb....

48. .Springfield, Mo
48. .Stockton (Cal.)
Sch. I)lst

6
3Hj
3**
5
5
4ifl

5
3"$

5

4
Sussex Co., uel
Swanton, Vt
3 *
12S2. .Sweet Grass County
(Mont ) Sell. D. No. 1 6
1

Y.

100-77

19061922
1902-1926

1921

8,000

112

166,000 102-188
50,000 102-295
60,000 104-918
1C0.983 10119
100,000 101-25
CO.OOO 106-21
50,000 104-71
15,000 104-71
10.000 102-50
16,798 100-119
35,000 101002
25,000 101004
5,200 103-461
13,000 1 10270

1902-1921
1902-1906
1902-1911

4
5

3h
3^
3*3

.Union City, Tenn

6

1156. .Utica, N. Y. (8 issues)
1156. .Utica,
1156. .Utica, N. Y
1253. Van Wert Co. , Ohio ...
1253 .Van Wert Co., Ohio...
1156. .Vesta (Minn.) School

4

Dist
49. .Vineland, N.
1156. .Wake Co., N.

J

4*a
4*2

C

5

NY

3*2
3ifl

5

.

1902-1911
1930
1921
1921
1911
1902-1907
1902-1919
1902-1919
1902-1924

4^

1298. .Watkine, N. Y
49. .Webster, 8. Dak
49. .WellsviJle, Ohio (3
sues)

150,000 10309
87,000 103-87
70,000 102-028
50,000 104-31
75,000 101-05

1902-1921
1908-1925
1926

Bernalillo County, N. Mex.— Bond Call.— Chas. K. NewCounty Treasurer, has called for payment July 20 the

ball,

following bonds

4
5

1911
1906
1931
1921

4,000
25,000
14,000
20,000
6,000

tl911-1921

100
100
112-788
110-57
104-083

is-

7,900 100-44
60.000 101-737
30,000 1103-333
20,000 103 75
12,000 102-958
3,000 101-57
30,000 100

4

.WllkiDsburg, Pa
.Winchester, Tenn

3*2

5

.Wood Co., Ohio
5
.Wood Co., Ohio..
5
.Wyandot Co., Ohio.... 5
3*3
49. .Wyoming Co., Pa
1253. .Yakima Co. (Wash.)
Sch. Dist. No. 16.,..

1201. .Yonkers.N. Y
1293. . Youngstown, Ohio

1931
1931
1902-1906
1902-1904
1902-1906
1903-1917

5

U906-1911

4

1906-1907
1902-1911

5

6,000
9,400
12,000

1C0-40
103-814
107-766

:

$22,600 funding bonds. Nog. 6 to 45. Inclusive, of $50')each; Nos. 46 to 58. Inclusive, and Nos. E8 to 71. inclusive, for $1'0 each. Bonds are dated
Jan. i. 1883, and due Jan. ', 1 •* 5 and redeemable after Jan. I. 1895.
Payment to be made at the office of the County Treasurer or at the
1

Kim

National Bank,
;

official

notice of this

239

bond

call will be

found among

Department.
Ogden, Utah.— Bond Call— Jno. V. Bluth, City Recorder,
calls for payment July 31, at the offiae of the City Treasurer, bonds Nos. 1 to 30, inclusive, each for $1,000, issued
June 1, 1891, for city improvements.
Upshur County, W. Va.— Bond Call.— J. J. Morgan, Clerk,
has called for payment Aug. 1, at the Buchaunon Bank of
Buchannon, W. Va.. bonds Nos. 112 to 120, inclusive. Securities were issued in aid of the Buchannon & West Fork
the advertisements elsewhere in this

Railroad.
_

Bond Proposals and Negotiations

this

week have been as follows
Ada County (P. 0. Boise), Idaho.— Bond Offering.— Pro:

posals will be received until 10 a. m., July 20, by this county
for $14,700 bridge bonds.
Securities are in denomination of
Interest (not to exceed §%) will be payable in Boise
$1,000.
or New York City. Principal will mature one-tenth on July
20, 1911, and one- tenth yearlv thereafter until all is paid.
Bay City, Mich.— Bond Sale. On July 1 this city sold
$49,500 i.% local improvement bonds to Adam 3
Co., Boston,
Following are the bids
at 102 05.
Adams & Co Boston
$50,614 75 Denlson, Prior & Co.. Cleve. $ 0,123 70
W.J. Hayes* Sons Cleve.. 60,147 00 R. Kleybolte A Co., Cincin... 60,002 00
All bids included accrued interest to date of delivery.
Forty-eight bonds are in denomination of $1,000 and three
in denomination of $500, all dated July 1, 1901.
Interest will
be payable semi-annually in New York City. Principal will
mature as follows : $16,500 yearly on July 1 in 1904, 1905

—

&

;

r

I

,

Total (171 municipalities, covering
separate Issues)

.

New York city.
A Nos. l to 4. inclusive.

43,700 funding bon Is, 3eries
Nos. 7 to 40, Inclusive,
for tl.Ooo each Nos. 1 to 8, inclusive. Series li. for $500 each, an<:
1 to 17, inclusive. Series C, for $L0J each.
Bonds are dated July 1,
18S9; due Julv 1. 1919, but optional s'nee July l. i^9«. Payment to
be made at County Treasurer's office or at the Chemical National
Bank. New York City.
40,000 cirrent expense bonds, Nos. 1 to 40, inclusive, dated July 1, 1889, and
maturing July 1, 1919. subject to call after July 1, 1899.

The
3*2
3>s
5

1298. .Syracuse, N. Y
1252. .Topeka, Kan
1252. Toledo, O. (9 issues)..
48 .Topeka, Kan
1252. .Trenton, N. J
1252. .Trenton, N. J
1252. .Trenton. N. J

1204.
1204.
12? 3.
1253.
1204.

1916-21-26
1911

100
102-407
104-777
100
100-75
100-626

(6

issues)

48.

12.000
116.C00
30,000
5,000
30,000
50,000
65,000

11909-1916
1902 1921
1902-1931

103-40

High

1298
48

N.

5,000

3*3

1203. .Stoneham, Mass
1155. .Sunflower Co , MIsb..

1298, .Syraouse,

1921

4"d

|

$12,633,048

Aggregate of sales for which no price has
been reported (31 municipalities, cover797,550

ing 3 1 separate issues)

Total bond sales for June 1901
§$13,342,598
Average of dates of maturity, t Subject to call in and after the and 1906.
earlier year and mature In the later year. § Not including $920,000
Binghamton, N. Y.— Bond Offering.— Proposals will be
of temporary loans reported and which do not belong in the list; received until 8 p. m July
23, by I. C. Hull, City Clerk, for
also does not Include $632,397 of Canadian loans reported. 11 Taken
$6,000 Z%% isolation ward bonds and $4,000 3 }£ Nurses' Home
And other considerations.
by sinking fund as an investment.
bonds. Securities are in denomination of $2,00i), dated Aug.
Interest will be payable semi-annually at the office
1, 1901.
of the City Treasurer. Principal will mature Aug. 1, 1936.
Chattanooga, Tenn.— Bond Litigation.— A. bill has been
A certified check or New York draft for 5% of the par value
filed in tbe Chancery Conrt to enjoin the issuance of the
bonds voted at the election held May 31 and of the bonds, payable to the City Clerk, must accompany
*

,

I

$100,0C0 city
which are offered for sale on July 10, 1901. The bill among
other things charges conspiracy and attacks the constitutionality of the legislative Act authorizing the election.
Garden City, Kan.— Bond Litigation. The following is
taken from the Topeka " Journal " of June 18, 1901
Garden City is fighting in the Supreme Court the payment of $2,130 interest
to a Dansville (N. Y.) tank. The bank holds an issue of Garden City bonds
amounting to $5,000. The city has never paid interest. The' District Court in
Finney County rendered judgment for the bank. The city's contention 1s that

—

proposals.

Blackstone, Mass. Loan Authorized.—At a special town
meeting held recently the Treasurer was authorized to bor-

row

$5,000 in anticipation of the collection of taxes.

Bottineau County (P. 0. Bottineau), N. Dak.— Bonds Not
Sold.— Bond Offering.— The $25,000 5$ 20 year court-house
and jail bonds advertised for sale on June 21 were not sold.
Proposals are again asked for these bonds, this time until
Securthe bonds were illegally issued in 1890 to help a private enterprise— the mill of 10 A. M,, July 30, by N. P. Nordin, County Auditor.
one R. T. F. Dodds.
ities are in denomination of $1,000, dated June 1, 1901.
InLos Angeles, Cal. Bond Issue Invalid.— On June 27 Judge terest will be payable annually at the First National Bank of
Noyes of the Riverside County Superior Court, sitting for St. Paul. A certified check for \% of the amouct of the
Judge Shaw of the Superior Court of Los Angeles County, bonds must accompany proposals. The bonded debt of the
handed down an opinion declaring invalid the $2,090,000 county, including this issue, will be $63,000. The assessed
bonds which this city proposed to issue for water purposes. valuation is $1,461,310 and the actual value is estimated at
The point involved in the decision was that the proceedings about $5,000,000.
leading up to the issuance of these bonds were commenced
Bowling Green, Ohio.— Bond Sale.— The highest bid reunder a general law, but that before the bonds were ready to ceived June 28 for the $10,000 A.% sewer bonds was that of
be issued a new law went into effect (on Feb. 25, 1901,) which Seasongood & Mayer, Cincinnati, at 101 "886 and accrued inlaw superseded the former General Act. The Court holds terest. Following are the bids
"that the law under which the proceedings preliminary Seasoneood & Mayer, Cincin. ...101'8S6 Denison, Prior & Co.. Cleve
ICO 876
R. Kleybolte & Co., Cincinnati.. 100 70
W. R.Todd & Co.. Cincinnati.. .101-55
to the bond issues were had was superseded by the Act of Newl8t
Columbus
101'4l5
Briggs
Nat. Bk.,
P. S.
& Co., Cincinnati,.. 100516
1901, and the issue being incomplete at the time the former Feder, Holzman & Co., Cincin.. 10l'35
W. J. Hayes * Sons, Cleve
ICO'49
Bros.
Cleve
10P07
Co.,
Lamprecht
null
and
void,
invalid."
the
bonds
are
therefore
law became
For description of bonds see Chronicle June 15, p. 1199.
In concluding the Court expresses the opinion " that all the
Bradford, Pa.— Bond Offering.— Proposals will be received
proceedings for the issue of this $2,090,000 of bonds have become void and that they cannot now be issued or sold under until 12 M., July 8, by O. B. Altvater, Corporation Clerk,
the Act of February 25, nor under any law that authorized for $5,745 5% electric-light bonds. Ten bonds are in denomination of $500 and one in denomination of $745, all bearing
their issue at the time they were voted by the people."
New York City.— Tax Rolls—On July 1, 1901, the tax as- date of June 1, 1901. Interest will be payable semi-annusessment rolls of real and personal property in New York ally at office of the Village Treasurer. Principal will maCity was sent to the Municipal Assembly. The following ture $500 yearly on June 1 from 1902 to 1911, inclusive and
table shows the total valuations for the year 1901 as com- $745 on June 1, 1912. Securities are issued in pursuance of
Section 2701 of the Revised Statutes of Ohio, and of a village
pared with the year 1900
:

-

:

July

0,

THE CHRONICLE.

1901.]

ordinance passed May 18, 1901. All bids must include accrued interest to date of delivery of the bonds.
Brantford, Out.— Bond Sale.— We ate advised thai thi
sale of the $107,400 debentures offered but not sold on June
The terms of the deal
11 has been practically completed.
haveuot yet been made public.
Hrookville, Ind.— Bond Offering.— Proposals will be re
ceived until 7:30 P. m July 8, by the Bjard of Trustees for
$13 900 4% refunding bonds. Twenty bonds are in di Q( iiiiua
tionof $500 and thirty-nine of $100 each, all dated June 15,
Principal
Interest will be payable semi-anuually.
1901.
will mature £700 Dec. 15, 1901, $1,800 yearly on Deo. 15, from
1902 to 1910, inc'uaive, and $1,500 on Dec. 15, l'Jll. A ctrti
fied check for |500 must accompany r roposals.
Caldwell (Idaho) School District.— Bond Sale.— On June
27 the $0,000 gold school bonds were awarded to Thompson,
Tenney & Crawford Co., Chicago, at par for 5* bond*. Tha
other bids received were all for 6% bonds and were as follows:
Coffin, Chicago
10,06100
E.L Wagner* Co Chicago. $0,264 00 C. II.
Macbonakl McCoy 4 Co.. Obi. 6,21000 It. V. Montague At Co.,K. en v n,o.',6 00
Trowbridge A Nivit o.. Chic. 0.2 n t>0 Cnion Bunk Jt Tr. Co.. Helena, 0,0
0,129 00 John Nuveen & Co.. Chicago.. 0,018 80
kane* Eastern Tr. Co
For description of bonds see Chronicle June 8, p. 1151.
Canton, Ohio.— Bond Sale.— On Jane 24 the eight issues of
5* street bonds, aggregating $47,300, were awarded to Rudolph Kleybolte & Co,, Cincinnati, at 101-01. For description of bonds see Chronicle June 8, p. 1152.
Central Falls', K. l.—Loan Authorized.— The City Treasurer has been authorized to borrow $33,000, the larger part
of which is for the purpose of meeting town notes about to
mature.
Ceutralia, Mo.— Bond Offering.— Proposals will be received^until 8 p. m., July y, by W. A. McCallister, Mayor,
for $7,500 4% city-hall bonds. Securities are in denomination
of $750. Interest will be payable semi-annually. Principal
will mature $3,750 five years after date and $750 yearly there,

I

,

.

I

<

I

I

after.

C—

Loan to bz Negotiated— B. R.
Charleston County, S.
Burnet, County Treasurer, desires to borrow the sum of
$4,000 for county purposes.
Chares County (P. 0. Boswell), N. Mex.— Bond Sale.—
This county nas sold $11,003 5% gold refunding bonds to N.W.
Harris & Co., Chicago, at 101 818. Securities are In denomination of $1,000, and will mature July 1, 1931, subject to
call after July 1, 1921.
Christian County, III.— Bond Sale.— It is stated that this
oounty has borrowed $65,000 at 3%% interest to build a new
court-house.
Cincinnati, Ohio.— Bond Sale.—The highest bid received
June 26 for the $50,000 3){i bridge-repair bonds was that of
the Ohio Valley National Bank, Cincinnati, which instituion offered 102 89 for the bonds. Following are the bids
:

Ohio Valley Nat. B'k, Cincin $51,445 00 Seasongood & Mayer, Cincin. $51, 318 00
Feder,Holiman&Co.,Cln... 51.441 60 Atlas Nat. Bank
rinM „ e n (Mn n n
New 1st Nat. B'k, Columbus. 51,390 50 Western Germ. B'k, J ^ mcin oo.uou uo
I

|

(

•

|

Bank Cincin, 5 ,333 00
For description of bonds see

German

Nat.

.

.

1

|

Chronicle June

Clay County, Ind.— Bond Sale.— On June
$19,0bl 60 Posey Township gravel-road bonds
to Gustave Conzman of Terre Haute at 101.

\r>

Securities are in denomination of $000. Inter, ht will be
ible January 1 and July 1, and the principal matures

and

rly in 1909, 19 10

1911,
district,

we are
will probably issue within the next few months '|B'
for the
purpose of purchasing two new hl
,ne
new bnilding. Securities will be in dencimi.
Principal will mature $5,000 yearly from 1912 to 1917, incluDate of issue and rate of interest are not yet detersive.
mined.
Da) ton (Ohio) School Dlstrh t. —Bond Sale. -On July 1
the $20,00u 4% 20-year r< funding bonds were awarded to the
New First National Bank, Columbus, at It 9 50. Following
are the bids
New 1st Nat. Bank,Colnmbna$21.0OO 00 H. Klevbolte ACo.. Cincin. $»1 .690 00
!il.H">K On
Ohio Nut. Bank, Coluuibu.v .. 2l,l»4(0
ng..od & Mayor, Ctn
i, Uolzinan & Co., Cm.... 81380 CO
Third Nut. Bank, DftytOD .. £0,870 00
A bid was al?o received from Denison, Prior & Co., Cleveland, who offered $21,950 25 for the bonds. This bid, however, was not made on a blank furnished by the city, as required in advertisement, and was also conditional. The bid
was rejected. For description of bonds see Chronicle June
Bohds Proposed.—ThiB

I

:

1

I

1, p.

1096.

Decatur Township, Mich.— Bond Sale.— On June 28 an
issue of $5,000 b% 1-5-year (serial) public-improvement bonds
was awarded to the First National Bank of Paw Paw, at
10439. Following are the bids
:

First Nat. Bank, Paw Paw.. $6,219 60
K. L. Wagner & Co.. Chicago.. 6,216 00

A. Kean. Chicago
Chas. S.Kidder. Chicago

$5.094 00

S.

6,07600

6,20*00 First State Bank, Decatur.
Matthew Kino, Detroit
Oamorecht Bros. Co.. Cleve... 6,195 50 Thompson, Tenney & CrawMayer,
Cincin..
6.170 30
lora Co., Chicago
MeasougoodA
John Nuveen & Co., Chicago. 6,136 60 Trowbridge A Niver Co.. Chic.
.

.

First National

Bank,

.

6,050 00

6,086 00
6,041 CO

Flint.... 5,100 00

Delford (N. J.) School District.— Bond Sale.— On June
28 the $15,000 4% coupon bonds were awarded to Penhale
bid of par was also reFisher, New York City, at 100*05.
ceived from M. A. Stein of New York City, and one of par
Co. of New
less \% commission made by Walter Stanton
York. For description of bonds see Chronicle June 22, p.

&

A

&

1248.

—

Denver, Colo.— Bond Offering. Proposals will be received
until 11 a. m July 11, by the Board of Public Works— R. W.
Speer, President— for the following bonds :
$6,000 Colfax Avenue Paving District No. 8.
,

6,000 Sidewalk District No. 10.
2,500 North Denver Grading District No. 1.
2,000 Colfax Avenue Paving District No. 2.

No

bid for less than par and accrued interest will be conA check for 2% of the amount bid must accompany
each proposal. Further particulars may be obtained by application to the Secretary of the board.
Denver (Pa.) School District.— Bond Election. An election will be held July 16 to vote on the question of issuing
$10,000 school- building bonds.
Detroit, Mich.— Bond Sale.— On July 1 the highest bid received for the $165,000 '6)4.% 30-year school bonds was that of
the Detroit Trust Co. at 109 86. Following are the bids
sidered.

—

:

1, p.

20 an

1096.
issue of

were awarded

Clinton, Mass. Bonds Voted.— At a recent meeting this
town voted to issue $90,000 bonds to refund a portion of the
$i25,C0J water bonds which will mature Oct. 1, 1901.
Cohoes, N. T.— Bond Sale—On June 29 the $40,000 3%% 25
year school bonds were awarded to Isaac W. Sherrill, Poughkeepsie, at 1050425— an interest basis of about 3-228*. On
the same day an issue of $15,000 3%% 1-year school certifi
cates of indebtedness was taken, $7,000 by the Mechanics'
Savings Bank of Cohoes and $8,000 by the Cohoes Savings
Bank, at par. For full description of securities see Chroni-

cle June

29, p. 1293.
Certificate Offering.— On July 17, 1901, at 12 M., Miller Hay,
City Chamberlain, will offer at public auction $20,000 3%%
certificates of indebtedness.
Securities are issued under authority of Cnapter 227, Laws of 1898. They are dated July
Interest will be payable January 1 and July 1 at
15, 1901.
York City, and the certificates
the Central Trust Co.,
will mature $5,000 yearly on July 1 from 1932 to 1905, in
elusive.

New

Detroit Trust Co., Detroit.. $170,283 00
People's Sav. Bank, Detroit. 168,748 60
Det. Fire & Marine Ins. Co. 168,720 00
16*268 80
Matthew Finn. Detroit
State Sav. Bank. Detroit.... 167,059 00
N. W. Harris A Co.. Chic... 165.14 00
Denison, Prior & Co.. Cleve. 164.W3 50
K. Kleybolte & Co., Cincin. 164,751 00

i

I

For description

of

New

lstNat. Bk..Columbu9. 164,377 50
Day & Co., Boston..... 163,830 35
Lawrence Barnum &Co.,N. Y 163,602 50
A dams & Co., Boston
162.7H6 50
W. J. Hayes & Sons, Cleve.. 16^,815 00
E.H. Rollins & Sous, Boat on 162,; 96 05
K.

,

i

.

Lamprecht Bros. Co., Cleve.$164,716 60
Allen, Sand & Co.. N. Y
164,424 00

I

i

I

I>.

bonds see Chronicle June

29, p. 1293.

H

Dojlestov? n, Ohio.— Bond Sale— On June 29 the $10,000
120-year (serial) electric-light bonds were awarded to P. S.
Briggs & Co., Cincinnati, at 117. Following are the bids
Denison. Prior & Co., Cleve.... 112705
P. S. Briggs 4 Co., Cincinnati... 11700
New 1st Nat, B'k, Columbus.... 116-80 Lamprecht Bros. Co.. Cleve
11044
115-05
W. H. Todd & Co.. Cincinnati.... 1(8-66
W.J. Hayes & Sons. Cleve.
Feder, HolzmaniCo., Cincin... 106-00
R. Kleybolte & Co.. Cincinnati 113-50
:

. .

Spitzer

& Co..

Toledo

113-27

For description of bonds see Chronicle J une 22, p. 1248.
Dublin (Texas) School District.— Bond Offering.—Proposals will be received until 12 m., July 15, by the Board of
Trustees, for $17,000 5% 10 20- year (optional) school bonds.
Securities are in denomination of $1,000, dated July 1, 1901.
Interest will be payable semi-annually at the Hanover Nacertified check for 5% of the
tional Bank, New York City.
amount of the bonds bid for, payable to W. E. Lowe, Secretary Board of Trustees, must accompany proposals.

A

Covington, Ga.— Bids.— Following are the bids received
East Alton (111.) School District.— Bond Election.— An
25 for the $15,000 5% 20-year gold electric-light bonds
election will be held July 8 to vote on the question of issuing
R. Kleybolte & Co., Clncin...|16.fl50 00 Roby Robinson, Atlanta
115,472 60
$5,500 school-building and $1,500 site bonds.
John W. Dickey, Augusta... 15,768 75 John Nuveen & Co., Chicago. 15.4 0O 00
East Grand Forks, Minn.— Bond Offering.— Proposals will
16,301 00
Seasongood & Mayer, Cm
15.650 40 Chas. II. Collin, Chicago
Denlson. Prior* Co.. Cieve.. 15,603 00 8. A. Kean. Chicago
15,09000 be received until 8 p. m,, July 20, t>y Henry Harm, City
F. M. Stafford & Co.,Chattan. 15,481 50
Recorder, for $15, COO 4yz % 20 year water bonds. Securities
As stated last week, the bonds were awarded to Rudolph are in denomination of $1,000, dated July 1, 1901. Interest
Kleybolte & Co., Cincinnati, at 106 33.
will be payable semi-annually at the First National Bank of
Cuyahoga County, Ohio. Bond Sale.— On Jane 29 the East Grand Forks. A certified check for $750, payable to
$288,000 4% refunding bonds were awarded to Saasongood & Thos. H. Graham, City Treasurer, must accompany proMayer, Cincinnati, at 103-088. Following are the bids
posals.
Seasongood & Mayer, Cin. .$296,895 00 P. S. Briggs & Co., Cincin.. |293,000 00
El Paso County School District No. 11 (P. 0. Colorado
Denison. Prior 4 Co.. Cleve. 295,286 40 LamprechtBros. Co., Cleve. 29i,60i) 00
R. Kleybolte & Co., Cincin.. 294,110 00
Springs, Col— Bond Sale.— On June 15 the $20,000 4* 10 20For description of bonds see Chronicle June 8, p. 1152.
year (optional) refunding bonds were awarded to N. W.
Dal ton (Pa.) School District.— Bond Offering.— Proposals Harris & Co., Chicago, at 101-04 and accrued interest from
will be received until to day (July 6) for $5,000 school May 1, 1901.
bonds.
Faulkton (S. Dak. )-Bond Sale.— On June 27 the $4,000
Danville (111.) School District No. I.— Bond Sale.-We are 5% 10 20 year (optional) water bonds were awarded to Trowadvised by G. F. Rearick, Secretary of the Board of Educa- bridge & Niver Co., Chicago, at 100-275. Following are the
tion, that on July 1 $15,000 4% refunding school bonds were bids
awarded to N. W. Harris & Co., Chicago, at 104-58 and ac- Trowbridge k Niver Co.. Chic. $4,011 00 Security State B'k, Faulkton.. $4,OC0 00
4,000 00
Kane 4 Co., Minneapolis
4,010 00 8, A. Kean, Chicago
crued interest. Following are the bids
Fillmore County (Minn.) Independent School District.
N. W. Harris & Co., Chlcago*$15,687 00 Farson, Leach & Co.. Cbic...»#15.680 CO
First Nat. Bank, Danville. ..."16,407 00
—Bond Sale.— On June 15 an issue of $5,500 4% school bonds
* And accrued Interest to date of delivery.

June

:

"

.

:

:

I

I

——

——
:

THE CHRONICLE.

16

sold toTallef Sanderson of Harmony, at 101*01. Securities mature $1,000 on July 1 from 1912 to 1915, inclusive, and
$1,500 on July 1, 1916.
Findlay, Ohio.—Bond Sale.—On June 29 the $30,000 4*
Mayer. Cincinsewer bonds were awarded to Seasongood
nati, at 101-88. For description of bonds see Chronicle June

was

&

8, p. 1152.

Flathead County (Mont.) High School District.— Bond
10-20-year (opSale.— It is stated that an issue of $20,000
tional) school bonds has been sold to the State at par.
20-year
Franklin, N. II.— Bond Sale.— Of the $80,000
refunding water bonds offered for sale on Jaly 1 to local investors, $20,500 were taken by citizens at 107*48— an interest
basis of 3£. The remaining bonds will be sold by sealed pro
posals, which will be received until a date not yet determined
upon. For description of bonds see Chronicle March 30, p.

H

3^

638.

Franklin County (Wash.) School District No. 5.— Bond
Sale.— On Jane 22 $800 2-5-year (optional) bonds were
awarded to the Thompson, Tenney & Crawford Co., Chicago.
at 1C0'625 for 7 per cents.
Franklin (Pa.) School District.— Bond Election.— An
election will be held Jaly 25 to vote on the question of
issuing $60,000 high-school-building bonds.

Glendale(Ohio) School District.— Bond Sale.— On July 1
4%t school bonds were awarded to the Cincinnati
Trust Co Cincinnati, at 11370. Following are the bids
the §2,000

:

,

Cincinnati Tr. Co., Cincinnati. f 2,274 00
Seasongood & Mayer. Cincln.. *,27132
La hi pre oh l Bros. Co., Cleve. .. H.2M 00

I

New

First Nat. B'k, Columbus.$a.l36 00
H. Kleybolte A Co., Clncln.... 2,055 00

I

bonds see Chronicle June 1, p. 1096.
Gloucester, Mass. Temporary Loan. This city has bor-

For description

rowed

of

—

from the City National Bank of Gloucester
Loan matures one-half in ten months and one half

$50,000

3*33#.

at
in

eleven months.

Gorman Independent School District, Eastland County,
Tex.— Bonds Approved.— An. issue of $3,000 bonds has been
approved by the Attorney General.
Grant County (Ore.) School District No. 3.— Bond Sale.—
On June 20 the $4,000 Q% 10-20-year (optional) bonds of this
district were awarded to Mrs. Minerva Thomas, Mt. Vernon,
Ore. at 103. Following are the bids
Mrs. M. Thomas, Mt. Vernon. ...$4,120 Union Bank A Trust Co
$4,055
MacDonald, McCoy A Co.. Chic. 4,117 Spokane & Eastern Trust Co.... 4,051
:

,

H. E. Noble
Thompson, Tenney A Crawford,
4,050
4,055 Chas. H. Collins
Chicago
4,000
4,055
Trowbridge ANiverCo., Chic
For description of bonds see Chronicle June 1, p. 1096.
Bond Sale.
Greenville County (P. 0. Greenville), S.
Un June 15 the $31,000 4$ 30 year bonds were awarded to
Mayer, Cincinnati, at par. For description of
Seasongood
bonds see Chronicle May 18, p. 1000.

[Vol. LXXIlI

Qeo. T. Guernsey. IndepenChun. H. Coffin. Chicago.. .. $40,301 00
dence
*$4n,80000 Trowbridge 4 Nlver <:.,.. rht.*4u,i*2l OU
E, L, Wagner A Co.. Chicago 40.H48 00 Thompson. Tenney A CrawA. C. Sttoh. Independence..
4 ).IMi:. 00
Tonl. Chicago
10,280 00
J. Ham* A Hon*. Cleve
•10,402 00 II. V. Montague* Co. .K.Clty. 40,176 00
Chas. N. Hammond j for 4K*. '40.10 i 00 e. A. Kean, Chicago.
40.000 00
* Co
(forlH... 39.81000

W

*

.

.

And blank bonds.

For description of bonds see Chronicle June 8, p. 1153.
Jackson Township (I*. O. Crestline), Ohio.— Bond Sale.—
On June 25 the $7,000 H% road bondB were awarded to Stasongood & Mayer, Cincinnati, at 111*375 and blank bonds. Following are the bids
Seasongood A Mayer, Clncln.. $7,706 25 P. 8. Brings A Co.. Cincinnati.. $7,680 00
New 1st Nat. H'k, Columbus.. 7,760 00 First Nat. flank, Crestline
7,595 00
Citizens' SavlngB A Loan Co.,
rim .Nat. Bank, Barnesvllle.. 7,59100
MansUeld
7,70100 ljjmprecht Bros. Co.. Cleve... 7,410 00
W. J. Hayes A Sons. Cleve.... 7.700 00 BabBt's B'k'g II juse.Crestline 7.89471
For description of bonds see Chronicle June 1, p. 1096.
Jefferson County (P. O. Birmingham), Ala.— Bids Rejected-Bond Offering.— All bids received June 24 for the
$20,000 4% gold sanitary bonds were rejected and the bonds
re advertised for sale, this time until 12 m., July 8, 1901. For
description of bonds see Chronicle June 15, p. 1200.
Jersey City, N. J .—Temporary Loan.— We are advised that
the city has awarded to the Sinking Fund Commissioners
$12,000 4% temporary-loan notes, payable on demand.
Kansas City (Mo.) South Park District.—Bond Sale.—
On June 26 tne $151,295 36 7 1-20-year (serial) Dark-fund certificates were awarded to the Commercial State Bank of
Kansas City, at 106-187. The other bidders were W. J.
Haves & Sons, Cleveland, who offered a premium of $3,026
for the bonds, and the Mississippi Val ley Trust Co. of St.
Louis, which institution bid a premium of $2,000. For description of bonds see Chronicle June 22, p. 1249.
Kingfisher County, Okla.— Bonds Re-awarded. F. R.
Fulton & Co., who on April 19 were awarded an issue of
$30,000 4%% 10 20-year (optional) court-house bonds have declined to accept the same, and the bonds have since been reawarded to R. J. Edwards, Oklahoma City, after the interest
rate bad been raised to 5% per annum.
Knox County, Ind.— Bond Sale.—On June 27 the $19,393 20
4%% Busseron Townsbip gravel-road bonds were awarded to
the New First National Bank, Columbus, at 103*065. Following are the bids:

—

Premium.

Premium.

•*'

New 1st Nat. B'k, Columbus
$595 37 Lamprecht Bros. Co. Cleve
$205 00
J. F. Wild A Co., Indianapolis
500 00 First Nat. Bank. Barnesvllle.... 20100
Meyer A Kiser, Indianapolis... 407 25 P. 8. Brlggs A Co.. Cincin.
196 00
8easongood A Mayer, Clncln
355 89
.

.

.

For description of bonds see Chronicle June 22, p. 1249.
Bond Sale.— On June 27 an ieBue of $15,043-20 6% Carl Begeman et al ditch bonds was sold to J. F. Wild & Co., Indianapolis, at 104 '653.
Securities are in denomination of $500,
&
except one bond, which is for $543*20. Interest will be payGrenada County, Miss.— Bond Sale Postponed.— We are able semi annually at the National Park Bank, New York
advised by T. H. Wier, County Treasurer, that the sale of city. Principal will mature $1,543*20 in 1903 and $1,500
$30,000 4% bridge and road bonds which was to have taken yearly from 1904 to 1912, inclusive.
Lake County, Minn.— Bond Sale.— On July 1 the $7,000
place on July 1 has been postponed until the first Monday in
jail bonds were awarded to Jefferson & Kasson of St.
10-year
August. For full description of these securities see ChroniPaul at 105 071 and accrued interest and blank bonds, for 5$
cle June 22. p. 1248.
Grimes County, Texas.— Bonds Registered.—The State bonds. A full list of bids will be given in the Chronicle
Comptroller has registered $1,995 bridge- repair bonds of this next week.
Lancaster, Ohio. Bond Offering.—Proposals will be recounty.
Guthrie, Okla.— Bond Sale.—The St. Louis "Globe- Demo- ceived until 12 m., July 15, by H. T. Mechling, City Clerk, for
crat" reports the sale of $155,000 4%% improvement bonds at the following bonds

C—

—

:

100*161.

Hampden

County, Mass.— Temporary Loan.— This county
has borrowed the sum of $40,000 at 3*05# discount. Loan
matures Nov. 5, 1901.
Harris County, Texas.—Description of Bonds.—The $600,000 road and bridge bonds, mentioned in the Chronicle last
week, are in denomination of $1,000, dated June 1, 1901. Interest will be at the rate of %%, payable annually in gold on

$1,000 6% North High Street Improvement "B" special assesment bonds maturing one bond of $50 each six months from June 1, 1902, to Dec. 1, 1911
inclusive.
1,000 5% North High Street "B" corporation assessment bonds, maturing one
bond of $50 each six months rrom June 1, 19i)2, to Dec. 1, 1911, inclu.

1

sive.

All the above bonds are issued under authority of sections
2704 and 2705, Revised Statutes of Ohio. They are dated June
New
Interest will be payable semi-annually.
1, 1901.
York draft or a certified check for $100 must aocompany

A

Principal will mature June 1, 1941, subject to call proposals.
1.
June 1, 1911.
Lexington, N. C. Bond Sale. On June 29 this town sold
Hibbing (Minn.) School District.—Bonds Voted.—This an issue of $4,000 5% 30-year graded school bonds to Seasondistrict has voted unanimously to issue $1,900 bonds.
good & Mayer, Cincinnati, at 103 75. Following are the
Howard, S. Dak.— Bond Sale.—On June 3 the $10,000 5% bids
water bonds advertised for sale on May 21 were awarded to Seasongood A Mayer. Cln
$4,150 00 F. M. Stafford A Co., Chattanooga
$4,010 00
Trowbridge A Niver Co.. Chic. 4,127 00
Kane & Co., Minneapolis, at 101 and accrued interest.
4,010 00
4,010 00 Roby Robinson, Atlanta
Kean, Chicago
Hubbard, Ohio. Bond Offering.— Proposals will be re- S. A.
are
dated
July
Securities
1, 1901, and the interest will be
ceived until 8 p. m., July 29, by T. S. Clingan, Village Clerk,

June

—

after

:

i

for $8,000 4% electric-light-plant bonds. Securities are in
denomination of $500, dated June 1, 1901. Interest will be
payable semi-annually at the Hubbard Banking Co. Principal will mature $500 yearly on June 1 from 1910 to 1925,
inclusive. Either a deposit in money or a certified check for
$200 must accompany proposals. Accrued interest is to be

paid by purchaser.
Humboldt, Tenn.

London, Ohio.— Bond Sale.— On June 28 $5,000 5% electricCo.,
light-plant bonds were awarded to Feder, Holzman
Cincinnati, at 102*76. Following are the bids
Feder, Holiman A Co., Cincin.$5.l3S 00 P. S. Briggs A Co.. Cincinnati. $5,076 60

&

:

I

A Mayer. Cincin. 5,128 40 Ohio Nat. Bank, Columbus.
R. Kleybolte A Co., Cincin.... 6,128 00 Denlson. Prior A Co.. Cleve...
New 1st Nat. B'k. Columbus.... 5,K7 60 W.J. Hayes A 8ons, Cleve
Seasongood

.

. .

I

|

Maggie H. White, Shepherd.. 6,100 00 Lamprecht Bros.
I

Bond Offering.— On June

25 the propo-

sition to issue $30,000 bonds for refunding and improvement
purposes carried. Proposals for these bonds will be received
until 8:30 p. M., July 11, by W. H. Mason, Chairman Finance
Committee. They are issued for the following purposes:
$3,000 to refund school bonds; $13,000 to refund water and
light-plant bonds; $7,000 to fund floating debt, and $7,000 to
extend water and light plant. Interest will be at a rate not
exceeding 4%%, payable in Humboldt. Principal will mature Aug. 1, 1931, subject to call $10,000 after 10 years,
$10,000 after 15 years and $10,000 after 20 years.
Independence (Ean.) School District No. b.—Bond Sale.
On June 17 the $40,000
school bonds were awarded to
Geo. T. Guernsey, Cashier of the Commercial National Bank

—

of Independence, at 102

bids:

payable semi-annually.

4%

and blank bonds.

First Nat. B'k. Barnesvllle.... 6,081 00

I

.

5,076 00
5,076,00
6,076 00

Co.. Cleve... 6,06800
6,062 60

London Exchange Bank

Lowry, Pope County, Minn.— Bond Offering.—Proposals
will be received until 10 a. m., July 20, by O. J. Sandvig,
Village Recorder, for $3,400 5% town-hall and jail bonds. Securities are in denomination of $500, except one bond, which
Interest will be payable anis for $400, dated Aug. 1, 1901.
nually at the Merchants' National Bank, St. Paul. Principal
will mature in 20 years. The successful bidder will be required to furnish blank bonds.
McLennan County, Texas.—Bond Sale.—The State Board
of Education has purchased an issue of $10,000 bonds of
this county.

McPherson, Minn.— Bonds Voted. — At an election held
June 15 the question of issuing $12,000 bonds in aid of the
Following are the Duluth St. Cloud Glencoe & Mankato Railroad carried by a
vote of 146 to 52.

July

THE CHRONICLE.

6, 1901.]

Madison (N. Y.) School District.— Bonda Voted.— By a
vote of 81 to 46, this district recently decided to issue $4,600
school-house bonds.
Marquette, Mich.— Bond Sale.— On June 27 the $26,000
%%% 25-year refunding water bonds were sold at 100-10. A
full description of the bonds will be found in the Chronicle

17

given next week.

June 22, page

For description cf bonda

see

Cukomcle

1250.

(Neb.) School DIatrlct.— Bond Offering.— Proposreceived until 8 p. m., July 15, by J. F. Burgess,
Secretary Board of Education, for $40,000 4% 20- year bonds.
Interest will be
Securities are in denomination of $1,000.
payable Jan. 2 and July 2 at the State Fiscal Agency in New
York City. A oertified check on a national bank in Omaha
for 2% of the amount of bonds bid for must accompany pro-

Omaha

als will be

June 22, page 1249.
Martlnsburg, W. Va.— Bond Offering,— Proposals will be
received until 8 p. m., July 18, by the Board of refunding
Commissioners for $76,000 Z\i<i refunding bonds. Securities DO8H18
Peoria, 111.— Bond Sale.— On June 20 an issue of $50,000
are in denomination of $500, dated July 15, 1901. Interest
20-year park-improvement bonds was awarded to Macwill be payable semi-annually at any State or National bank S
McCoy & Co., Chicago, at 100-10. Following are
Bank,
Donald,
National
Park
New
York
the
in Martinsburg, or at
Principal will mature in 88 years, subject to call after the bids
City.
MucDonald, McCoy 4 Co., Chlc,$60,060 Ger.-Am. Nat. Bank, PeorU... .$49,000
20 years. A certified check for 2%% of bid must accompany Klrst Nat. Bank, Peoria
41', 290
Merchants' Nat. Bank, I'eona.. i«,500
49,0011
Bonds are exempt from municipal taxation. Ac- Parson, Leach 4 Co., Chic
proposals.
crued interest is to be paid by purchaser. A. F. Lambert is
Securities are dated July 1, 1901, and the interest will be
Corporation Clerk.
payable semi-annually.
Mercer County, Ohio.— Bids.— Following are the bids rePine Island,'; Minn.— Bonds Defeated.—This place haa
ceived June 26 for the $23,000 4% road bonds
voted against the issuance of $3,000 bonds.
Denison. Prior 4 Co.. Cleve.. $23,558 90 First National Bank, Celiua.. $23,580 00
Pittston, Pa.— No Bids Received.— No bids were received
Seasongood 4 Mayer. Clnclu. 23.535 00 Lamprecht Bros. Co.. Clove.. 23,174 66
for the $47,000 Q%% 10-year refunding bonds
W.J. Hayes* Sons.Cleve.... 23.684 00 Commercial B'k'g Co.,Celinu. 23,886 00 on June 28
on that day. The interest rate, it is said,
sale
for
offered
As stated last week, the bonds were awarded to Denison,
will probably be raised to 4% and the bonds re-advertised.
Prior & Co., Cleveland.
Plainview (Neb.) School District.— Bonds Voted.—This
Milwaukee, Wis.— Bond Offering.— Proposals will be re24 voted in favor of issuing bonds for an
1901, by the Commissioners of district on June
10 a. m., July
of

1

^

:

|

10,
ceived until
the Public Debt, care of John R. Wolf, City Comptroller, for
$100,000 3%% 1-20- year (serial) bridge bonds. Securities are
in denomination of $1,000, dated July 1, 1901, and the interest will be payable semi-annually at the office of the City
Treasurer or at the Morton Trust Co., New York City.
Minneapolis, Minn.— Bond Sale.-On June 27 the $150,000
4% local-improvement bonds maturing June 1, 1931, were
Folawarded to Farson, Leach & Co., Chicago, at
lowing are the bids
$167,2R0 00
Farson, Leach 4 Co.. Chic. $174,105 00 Kane 4 Co., Minneapolis
167,16100
Parkinson 4 Burr, Boston.. 172.138 33 Adams 4 Co.. Boston
166,020 00
K. Kleybolte 4 Co., Clncln. 168,751 60 8. A. Kean. Chicane
W. J. Hayes 4 Sons. Cleve.. 168.416 00 Minn. Loan 4 Trust Co. and
Stoddard,Nye 4 Cc.Mlnn. 165,760 00
Feder. Holzman 4 Co..Cln.. 167,626 00
For description of bonds see Chronicle June 15, p. 1201.
Morgan County (P. O. McConnellsville), 0.— Bond Offering.—Proposals will be received until 12 M., July 19, by F. E.
Whipple, County Auditor, for $40,000 4% bridge repair bonds.
Securities are issued under authority of Sections 871 and 872,
Revised Statutes of Ohio. They are in denomination of
Interest will be payable semi-annually at the office
$1,000.
of the County Treasurer. Principal will mature $2,000
yearly. A certified check for 5# of the par value of the
bonds bid for, payable to the Board of County Commission-

HOW—

.

ers,

must accompany

proposals.

Accrued

interest is to be

paid by purchaser.

Multnomah County (Ore.) School District No. 5.— Bond
Sale.— On June 24 $6,000 4% 10 20 year (optional) refunding
bonds were sold to local investors at par. Interest will be
payable semi-annually at the office of the County Treasurer.
Napoleon, Ohio.— Bond Offering.— Proposals will be received until 12 M., July 20, by Usher Fisher, Village Clerk,
for $6,900 4% Perry Street paving bonds. Securities are in
denomination of $690, dated July 1, 1901, and the interest
will be payable semi-annually on March 1 and Sept. 1 at the
the Village Treasurer. Principal will mature in
to eleven years after date.
New York draft for
$300, payable to the Village Treasurer, must accompany proPurchasers will be required to furnish blank bonds.
posals.
New Castle (Pa.) School District. Bond Sale.— On July 1
the $20,000 %%% 10-20-year (optional) funding bonds were
sold to Denison, Prior
Co., Cleveland, at 101*13 and accrued interest. Following are the bids :
Denison, Prior 4 Co.. Cleve. •$20,226 00 W. J. Hayes & Sons. Cleve.. *$20,193 00
office of

A

from two

&

I

•

And accrued

I

Lamprecht Bros.

Co., Cleve..

Par

Interest.

For

full description of securities see
p. 1249.

New Hanover County

—

Chronicle June

(P. 0. Wilmington), N.

22,

C—Bond

Proposals will be received until 12 m., July 22, by the
Offering,
Board of County Commissioners, D. McEachern, Chairman,
for the $50,000 4% 25-year road-improvement bonds voted on
June 18, 1901. Interest will be payable semi-annually at the
Atlantic National Bank, Wilmington. Securities will be in
denomination of $500 or $1,000 at option of purchaser, and
will be dated July 1, 1901. They are issued under special Act
of the Legislature ratified March 1, 1901. Assessed valuation of tnis county is $8,100,000. Estimated valuation $10,Total bonded debt, including this issue, $92,000.
000,000.
Amount in sinking fund, $3,100. Population, 25,785.
Newton, Miss.— Bond Sale.— On June 27 $4,000 6% 5-16
year (optional) school bonds were awarded to the Capital
State Bank of Jackson, Miss., at 104. Securities are in denomination of $500, and the interest will be payable annually

on July 1.
Niagara Falls (N. Y.) School District.—Bond Sale.—On
June z8 the $150,000 4% gold school bonds were awarded to
Allen, Sand & Co., New York City, at 115-56.
Following
are the bids
4 Co., New York.
:

Allen, Sand

.

. .

16-56
115-426

1

Farson, Leach

4 Co.. New

York.114-27

11405
Walter Stanton 4 Co.. N. Y
113-89
W. R.Todd 4 Co., New York... .114-92 O'Connor 4 Kehler
118-125
Dick Bros. A Co., Philadelphia. 11459
Denison, Prior 4 Co.. Cleve
W. J. Hayes A Suns, Cleveland. IU'360 New 1st Nat. B'k, Columbus-.. .110-00
John D. Hveritt 4 Co., N. Y
114 27
For description of bonds see Chronicle June 15, p. 1201.
Norway, Mich.—Bond Sale.— The $25,000
electric- light
bonds were awarded on July 1 to
Sons,
J. Hayes
Cleveland, at 109 16.
full list of bids received will be
Jos. B. Gavin. Buffalo

A

W.

H

&

addition to the old school building.

Pontiac (Mich.) School District.— Bonds Voted.— At the
election held June 25 the proposition to issue $50,000 bonds
for two new school buildings carried by a large majority.

Putnam, Conn.— Bond Sale.— We are advised by C. H.
Brown, City Treasurer, that $10,000 of street improvement
bonds were recently sold to Denison, Prior & Co. of Boston,
at private sale. The securities bear interest at %%l and mature July 1, 1929, without option.
ReidsTille (N. C.) School District.— Bond Sale.— On July
3 the $15,000 30-year bonds were awarded to Rudolph Kleybolte & Co., Cincinnati, at par for \4% per cents. Securities
are in denomination of $500 and interest will be payable annually.

Roane County, Tenn.—Bond Sale— On July 1 the $100,000
Co., Chi4% 20-year bonds were awarded to N. W. Harris
cago, at par. These bonds were originally offered on June 3,
but all bids were rejected. Full description of the bonds
will be found in the Chronicle of May 25, page 1050.
Rochester, N. Y. Bonds Authorized by Common Council.

&

—The Common

Council has passed an ordinance providing

for the issuance of $150,000 high-school bonds.

Roseau County (P. 0. Roseau), Minn.— Bond Sale.— On
June 21 the $43,000 5$ 10-year funding bonds were awarded
to Ambrose Tighe, St. Paul, at 100*232. For description of
bonds see Chronicle June 1, p. 1097.
St. Albans, Yt.— Warrant Offering.— Proposals will be
received until 10 a. m., July 10, by the City Treasurer, for
Securities will be sold at par
$9,000 gold school warrants.
to the party offering to take them at the lowest rate of interThey will mature one warrant of $2,250 yearly on Aug.
est.
Interest will be payable at
1 from 1902 to 1905. inclusive.
National Bank of Redemption, Boston.
St. Louis, Mich.— Bond Sale.—On June 21 the $2,000 4%
water- works and $5,000 4% electric-light bonds were awarded
Co. of Chicago, at 102'227. Following
to Devitt, Tremble
are the bids
Devitt, Tremble 4 Co.. Chicago. 102-227 N. W.Harris 4 Co.. Chicago.... 101-021
101'003
101-686 Duke M. Farson. Chicago
Seasongood & Mayer, Cincin
100-00
John Nuveen 4 Co., Chicago .... 101-508 W. J. Hayes 4 Sons, Cleve
full description of the bonds will be found in the Chronicle of June 15, p. 1202.
St. Paul, Minn.— Certificate Sale,— This city has sold to
about 300 local investors $937,000 3% 1-year tax certificates.
San Bernardino (Cal.) School District.— Bonds Voted.—
At an election held June 22 a proposition to issue §20,000
school-house bonds was voted upon and carried by a vote of
564 to 124.
Santa Barbara, Cal.— Bond Sale.—On June 27 the highest
bid received for the $60,000 4}0 1-40 year (serial) gold
water- works extension bonds was that of E. H. Rollins
Sons, Boston, at 106*042. Following are the bids

&

A

&

:

E. H. Rollins 4 Sons. Boston.$63,625 20 New 1st Nat. Bank.Columbus$62,265 00
6I.80OOO
Mason, Lewis 4 Co., Chicago. 63.075 00 Spltzer 4 Co., Toledo
62,814 00 Seasongood 4 Mayer. Cincin. 61,65000
H. C. Speer

N.

W. Harris 4Co.. Chicago-

62,760 Oo

W.

J.

Hayes4

Sons.Cleve.... 60.00000

Lamprecht Bros. Co., Cleve.. 62,633 00
For description of bonds see Chronicle June 22, p. 1251.
Sarawak (P. O. Presque Isle), Grey County, Ont.—Debenture Offering.— Proposals will be received until 5 p. m., July
15, by John Mackenzie, Township Clerk, for $5,000 4% debentures.
Securities will mature part yearly for ten years.
Sault Ste. Marie, Mich.— Bonds Authorized— The City
Council has ordered the issuance of $120,000 4% water bonds.
Securities are dated July 1, 1901, and will mature July 1,
1921. Interest will be payable semi-annually.

Scott Township, Allegheny County, Pa— Bond Sale.— On
June 29 the $45,000 4%% road and street-improvement bonds
were awarded to W. J. Hayes & Sons, Cleveland, at 111*238
and accrued interest. For description of bonds see Chronicle June 22, p. 1251.
_
Seneca Falls (T.),;N. Y.—No Bonds Sold.— It has been stated
in some of the papers thatthis town has decided to sell an
to Isaac W. Sherrill,
Issue of $111,500 V/
% % refunding bonds
Poughkeepsie, at 101*076. In reply to our inquiries we are

advised by George W. Pontius, Town Supervisor, that while
the town has had some informal correspondence with Mr.

;

THE CHKONICLK.

is

beiDg dated Sept. 1, 1901. Interest
ceeding 4%, payable annually at the

Sherrill concerning the refunding of the town's bonds, nothing definite was decided upon, and after considering the
matter fully the Board has determined to defer the refunding for the present.
Senecu Falls ( V.), N. 1. -Bond Sale.— On June 17 the §10,000
Z%% bridge and cemetery bonds of this village were awarded
to W. J. Hayes & Sons, Cleveland, O., at 100-53 ani accrued
Principal matures f 1,000 yearly on July 1 from
interest.
1902 to 1911, inclusive. For full description of these bonds see

Chronicle June 15, p.
Shelby County (P.

1202.
O. Sidney),

Ohio.—Bond Sale.-On

is

1

I

For

|

Chronicle June

the State Treas-

Starkville, Miss.— Bond Offering.— D. A. Bardwell, Mayor,
offering for" sile an issue of $10,0 ;0 5£ 5 20-year (optional)
electric- light bonds.] Securities were voted at an election held
June 20. They are in denomination of $500. Interest will
be payable semi-annnally. An crfer of $50 premium has
already been received for these bonds, but this offer has been

:

I

51.601)00
Bank
description of bonds see

to be at a rate not ex-

Springfield, Mo.— Bond Sale.— This citv has sold an issue
of §65,000 3%% refunding bonds to the Holland Banking Co.
of Springfield at 100-77. Securities are in denomination of
$1,000.
Interest will be payable semi-annually. Principal
will mature in ten years, subject to call $10,000 yearly after
five years.
Stamford, Conn.— Loan N(g diated.—We are advised that
this town has recently borrowed $100,000 for highway improvements. This is a temporary loan, made in anticipation
of taxes.

1

riQiia National

ia

office of

urer.

the $'30,000 i% road-improvement and the $20,700 i%
ditch bonds were awarded to the Citizens' Bank of Sidney at
100-828.
Following are the bids
151,725 00 German Am. Bank. CIncln...*51.476 00
Citizens' Bank, Sidney
51.648 78 Dentson, Prior A Co.. Cleve.. 61.42H U5
Crojjan & Co
Keaer, Uolzman *Co..Cln... 61.505 2j W. J. Hayes & Sons, Cleve... 51,42i;oo

July

LXXLI

[Vol.

15, p. 1202.

Sidney, Ohio.— Bond Offering.— Proposals will be received
until 12 m July 16, by H. S. Ailes, City Clerk, for §50,000
Securities are issued under au3}.<£ 25-year sewer bonds.
thority of Section 2837a, Revised Statutes of Ohio. They
are in denomination of $500, dated July 1, 1901. Interest
will be payable semi-annually. A certified check for $500,
payable to the City of Sidney, must accompany proposals.
Accrued interest is to be paid by purchaser.
Sioux Falls (S. Dak.) School District.— Bond Election.—
An election will be held July 30 to vote on the question of
issuing $50,000 \% 20- year funding bonds.

rejected.

,

Stockton High School District, San Joaquin County, Cal.
Sale. -On June 29 the §150,000 5<? bonds of this district
were awarded to E. H. Rollins & Sons, San Francisco, at
103-09. Following are the bids
E. H. Rolling 4 Sons, San
Lamprecht Bros. Co., Cler. •154.125 00
Francisco
t$154,635 00 Spltzer &Co.. Toledo
+ 153.750 00
Seasoneood 4 Mayer, Cin...»157,752 00 Deolson, Prior* Co.. Cleve. +150,412 50
New 1st Nat. B'k, Colu mbus. 166,225 (0 B'k of San Jose, for 145.000. 49,566 25

—Bond

:

I

I

,

|

+

And accrued

interest.

*

Conditional.

&

Co. of Cincinnati, O., at 100-75. Full description of the issue
will be found ia the Chronicle June 8, p. 1155.
Sparta, Wis.—Bond Sale— We are advised by wire that
the $12,000 3)^ coupon paving bonds which were offered for
sale on July 3 were awarded to S. A. Kean, Chicago, at par.
For full description of securities see Chronicle, June 29, p.

bids of Seasongood
Mayer and The Lamprecht Bros,
Co,, being conditional, were rejected.
The bid of The New
First National Bank of Columbus was also rejected, its agent
claiming that its bid meant a premium of §1,562 25. For full
description of these bonds see Chronicle June 15, p. 1203.
S wanton, Vt.— Bond Sa \e.— On June 23 the $75,000 %%<*>
1-25-year (serial) refunding bonds were awarded to Jose,
Parker
Co., Boston, at 101-05 an interest basis of about
3-40g.
For description of bonds see Chronicle June 15, p.

1297.

1203.

Spring II eld, 111.— Bond Offering.— Proposals will be received until 8 p.m., July 9, by the City Council, for $294,600
20-year refunding bonds. Securities are in denomination of
$1,000, except six bonds, which will be for $100 each, all

Kan.— Bond Sale.— The $100,000 of 5% 1-10-year
improvement bonds offered for sale on June 24 have
been awarded to Spit zer & Co., of Toledo, O., at 101-25 and
interest.
The same firm made a bid for the §60,000 or $70,000

The

South Brooklyn, Ohio.— Bond Sale.-On June 29 the $30,000 b% sewer bonds were awarded to Rudolph Kleybclte &

NEW

NEW

LOANS.

;

$500 each, and Series C, Nos. 1 to 17, inclusive, $100
each, dated July 1. 1S89; due July 1, 1919, redeemable after July 1, 1899, at the option of this county
£40,000

Bernalillo

thereon will cease.
Per Order of the Board of County Commissioners
Of Bernalillo County.
By CHAS. K. NEWHALL,

right to reject any and

is

ISSUE TRAVELERS' LETTERS OF CREDIT
A VAILABLE IN ALL PARTS OF THE WORLD.
Quotations furnished for purchase, sale or exchange.

We Own

DENISON, PRIOR & CO.
High

30-YEAR SCHOOL DIST. Z%s.
Price upon application.

Trowbridge

8END FOR

1st

Exchange Place, Boston.

121 Euclid Avenue, Cleveland.

1

Co,,

AND CORPORATION

La

Salle Street, Chicago.

i

CORPORATION

MASON, LEWIS & CO.

CHICAGO,

>

ATTRACTIVE BONDS
Yielding from 3 to 6% net.

VERMONT BONDS A SPECIALTY.
HARRY B. POWELL & CO.,

MUNICIPAL
RAILROAD
CORPORATION

60 Devonshire

^^..^^

Street

St.

Blodget, Merritt

&

Co.,

BANKERS,

BONDS*

Choice Issues.

ILLS.

-

BOSTON,

CHICAGO,
Ittonadnock Building,

-

LIST ON APPLICATION.

BANKERS,

Co.,

NASSAU ST..NEW YORK. CITY.

Woodstock, Yermont.

&

172 Washington Street,

Legal Investments for Connecticut and
Maine Sayings Banks,.

&

Co.,

T. B. POTTER,
MUNICIPAL and RnK
nQ
BUNU&

Yielding Investor 3"Z5%.

Rudolph Kleybolte

Niver

BONDS.
171

LISTS.

&

CHICAGO,
National Bank B'ld's.

MacDonald, McCov

Bonds.

Grade

Ofier

CITY OF HARTFORD, CONN.,

MUNICIPAL

DJEALER8 IN

and

860,000

reserved.

Mayor of Concord.

§

Conn.,
HIGH SCHOOL BONDS.

bids

31 NASSAU ST., NEW YORK.
CHICAGO.
BOSTON.
Deal exclusively In municipal,
Railroad and otber bonds adapted
for trust funds and savings.

M. B. STICKLEY,

§65,000
Britain,

all

Bids to be accompanied with a certified check for
2 per cent of the amount of each bid.
Statement of tbe town finances and copy of the
Acts of the General Assembly authorizing the issuing said bonds furnished upon application.
By order of the " Commissioners for the Town of
Concord."

County Treasurer.

ZVz%

BANKERS.

Concord, North Carolina.

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

New

N.

Notice is hereby given that sealed proposals will
be received at the office of W. C. Houston. Treasurer
of the town of Concord, N. C, up to 12 o'clock noon,
July 15th, 1901, for the purchase of $150,000 of Concord Sewerage, School and Street Improvement
bonds of the denomination of $1,000 each, bearing
interest at the rate of 4 per cent per annum, payable semi-annually in Concord, N. C, or in New
York City, N. Y., and the principal thereof payable
forty years from July 15th, 1901.

The

INVESTMENTS.
W. HARRIS & CO.,

LOANS.

BOND SALE OF

Mexico, Bonds.

The County of Bernalillo, In the Territory of New
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:
$22,600 Bernalillo County Funding bonds, being
Nos. 6 to 45, inclusive, $500 each, Nos. 46 to 68, ia
elusive, and Nos. 58 to 71, inclusive, $100 each,
dated January 1, 1835, due January 1, 1915, redeemable 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.
$43,700 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,

and

Topeka,

(serial)

$150,000

BERNALILLO COUNTY,
New

—

&

16

Congress Street, Boston.

15 Wall Street, New
Railway and Gas Companies.
STATE, CITY & RAILROAD BONDS.
LIST ON APPLICATION.
York.

July

THH CHRONICLE

1901.]

C,

Santa Fe land bonds, which was refused, their
bid callirig for the payment of a commission of 11)5^.
Troy, N. Y.— Bond OffeHng.— Proposals will be received
until 19 M. Jnly 12, by LeRoy Rickerson, City Comptroll
i
for $1.33,000 3}4i "Additional Water Works" bonds,
cnrities are in denomination of $1,000, dated July in, 1901,
and are issued under Chapter 576 of the Laws of L888, as
amended by Chapter 435 of the Laws of 1894 and Chapter
370 of the Laws of 1900, and in pursuance of resolution
the Common Council adopted on the 0th day of June, 1901,
and approved by tha Mayor on the 7th day of Jane, 1901.
Interest will be rayable semi-annually at theoffice of th* City
Treasurer. Principal will mature $25,000 annually from

&

Atch. Top.

1912 to 1916, inclusive

and §10,000

in

1917.

No

bi

1

for less

than par and accrued interest to the time of delivery of the
bonds will be entertained. It is officially ttated that the City
has no floating debt and has never defaulted on the paym< at
of its principal or interest.
Union City, Tenn.— Description of

Bonds.—The $10,000
school bonds which we stated in the Chronicle June 22 had
been sold at 102-50 are in denomination of $1,000, dated June
19, 1901.

Interest

is

at the rate of 6# and will be payable
City. Principal will mature in ten

New York

annually in
years.

Yineland, N.

J.— Bond Sale— On June

26 $25,000

4^

were awarded to the Vineland NaSecurities are dated June 1, 1901. InPrincipal
ter* st will be payable semi annually in Vineland.
will mature June 1, 1906.
Virginia.— Offer to Purchase Bonds.—The Commissioners
of the Sinking Fund will receive tenders until 3 P. M. July
19 for the sale to them of $60,000 Riddleberger bonds issued
by the State of Virginia under the Act of Feb. 14, 1882, or
Century bonds issued under the Act of Feb. 20, 1892.
Wahpeton, N. Dak.— Bond Sale.-Oa July 1, the $23,000 20
Co. Chicago,
year funding bonds were sold to N. W. Harris
at 100*50 and accrued interest for 4)4,1 per cents. Duke M.
Farson of Chicago offered par for 4%i bonds, and Stoddard,
Nye
Co., Minneapolis, offered a premium of $450 for 5%
bonds. Interest is payable semi-annually.
Webster, Day County, S. Dak.— Bond Sale.—This city recently sold an issue of $6,000 5$ 10-20- year (optional) water

improvement

Bank

tional

certificates

at par.

&

,

&

HEAD OFFICE

1

II

N;it.

»Hiik,('oluni|pu>f. 7.036 00
'

Br U«r»

Weaterville, Ohio. Bonds I'ropoxed.— Citizens of this
place are discussing the proposition to issue $50,000 boi;
lo- water works, sewerage and street improvement-.
>Yeston, Ore.— Bond Sale.— An issue of $4 000 81 2-year
water bonds haa bsen sold to L. B. Reeder of Pendleton, representing an estate. This city recently sold (as stated in the
Chronicle May 18) an issue of $6,000 5^£ water bonds to
Whitehead of Portland. This firm, however, afterMorris
wards refused the bonds on the ground of a flaw in the
charter authorizing municipal indebtedness, and the city
authorities found it recessary to sell short-term bonds as
above pending an amendment to the charter by the next
Legislature.
Bond Election.— An election to be
Wilmington, N.
held August 15 to vote on the question of issuing $103,000 5%
30-year sewer bonds has been ordered by the Board of Alder-

&

C—

men.

Winnipeg (Man.) School District.— Debenture Offering.—
Proposals will be received until 4 p. m., July 19, by Stewart
Mulvey, Secretary-Treasurer of the Public School Board, for
$50,000 41 50 year debentures. Securities are dated Aug. 1,
1901, and the interest will be payable in Winnipeg.
Worcester, Mas?.— Temporary Loan. This city on June
28 borrowed temporarily the sum of $200,000 from Edgerly &
Crocker, Boston, at 3'08#. Loan matures Oct. 15, 1901.
Wylam, Ala.— Bonds Not Sold.—The $5,000 6% 10 20 year
(optional) gold school bonds offered for sale on June 11 were
not sold that date the Board refusing to consider bids at par.
Wyoming County, Pa. Bond Sale. This county has sold
to Dick Bros. & Co., Philadelphia, an issue of $30,000 Z%%
refunding bonds at par.
Securities will mature $2,000
yearly from 1903 to 1917, inclusive.

—

—

INVESTMENT SECURITIES.
Corooration

Service

Public

238-240 La

ROLLINS & SONS,

E. H.

BOSTON.
San Francisco.

Denver.

PRIX.

SEND FOR LIST

N. T. Office. 1442

F.

R.

FULTON & CO.,

la salle street:

171

CHICAGO.
MUNICIPAL

MUNICIPAL, RAILROAD AND CORPORATION
BONDS.

BONDS

and

CORPORATION

CO.,

Netting from

NEW YORK.
WAS AWARDED AT THE PARIS EXPOSITION TO

WHITING'S STANDARD
FOR

Broad-Exchange Bid*.

Municipal Bonds,

July Investments.

Investment Securities

Salle Street,

CHICAGO.

BONDS.

THE GRAND

CHICAGO.

A Co.,ClnolnnftUt7.Mf

B, KlefiV.ite

•> Oo
A Co., Cincinnati. mm zi> W. J. Tin fee \
W. It Todd 4 Co.. Cincinnati. 7.U2& uo bunprecnt iin -.1 0., Cleve... i.wowj
For description of bonds see CHBONIOLK June 8, p. 1168.

-

AND

LONDON,

FARSON, LEACH &

I

MUNICIPAL

Basildon House, Moorgate Street,
E. C.
The exchange is prepared to entertain
proposals tor introducing South African
and Rhodeslan shares in America.
Only flrst-class propositions.

5

:

INVESTMENTS.
Geo. D. Cook Company.

Ld.,

Bankers and Exchange Agents.

fire protection bonds to Trowbridge & Niver Co., Chicago, at 104 0833
Wellsvllle, Ohio.— Bond Sale.— On June 29 the three issues
of 41 bonds, aggregating s7, 900, were awarded to the New
and
inFirst National Bank of Columbus at 10044
Following are the bids
terest.

and

INVESTMENTS.

INVESTMENTS.
LONDON AND PARIS

EXCHANGE,

19

to 6%

always on hand.

DUKE M. FARSON &CO.
115 Dearborn

PAPERS.

They are the only American papers which have
ever received this— the highest honor that can be
conferred.
It meatus they are the most perfect
made. Insist on having them for your fine correspondence and your office stat loner j. Are you using
Whiting's Ledger Tapers In you Rlauk-Book 1
Samples and booklet free.

3%

St.,

CHICAGO.

Send for our Investment Circulars.

TRANSMISSION ROPE.

.

SAYINGS BANKS and TRUST FUNDS
5%

BONDS A SPECIALTY.

EDW. C. JONES & CO.,
NEW

YORK,

PHILA.,

-

-

NASSAU 8TRBBT.
FOURTH ST.

-

1

-

118 SO.

MUNICIPAL BONDS.
E. C.
121

STANWOOD &

WHITING PAPER COMPANY,
holyoke, mass.,
And

150

CORDAGE
M

S

Duane Street, New York.
•

SECURE BANK VAULT8.

I*

J

©
M

%

fi}S; SPECIALTIES. o
H
A

E

THE AMERICAN

MANUFACTURING
COMPANY,

Co..

BANKERS,
Devonshire Street

US

WALL 8TREXT. NEW TOBK.

BOSTON.

QENUINE
Ready July 12.
CHROME
STEEL
WELDED
IROI
AND
SOUTHERN AND WESTERN Round and Flat Bars and 6-ply Plates and Angle* Hand-Book of ER. Securities
SECURITIES.
SAFES,
FOR

D. H. LIYERMORE,
SUCCESSOR TO

VAULTS.

Cannot be Sawed,

Cut, or drilled,

Ac.

and positively

Burglar Proof.

CHROME

WORKS,
ROSENBEKGER Ar L.IVERMORB
Kent Ave. Keap and Hooper Stt.,
31 NASSAU STREET,
NEW YORK. S >!• Man'f 'ers In the U. 8. BROOKLYN

Price In leather Cover*.
ol the Chronicle,

To Subscribers

WILLIAM

STEEL.

N.T.

76i£

B.

»1 OO

73

DANA COMPANY

PINE

ST., N. Y.

:

THE CHRONICLE.

50
%KVLkzic&

and JQvoUzxs ®nt of

Dupee&Co.,

Stocks, Bono's, Grain,

CHICAGO.

Co.,

STOCKS AND BONDS,
GBAIN AND PROVISIONS.
NO. 7

A

2 Board of Trade
12 The Itookcry,

MILWAUKEE.

&

Bartlett, Frazier

Schwartz,

WLzvj ^[orlu

CHICAGO.

CHICAGO.

NEW STREET,

)

Astoi
»r Conrt,

)

NEW YORK.

310 Merchants' Exchange, ST. LOUIS.

Co.,

INVESTMENT BANKERS,

Chicago and Milwaukee.

DEALER8
Municipal,

IN

and

Railroad

Corporation

BONDS.

members:

II
Street, A
10 Wall

&

Oliver C. Fuller

NEW YORK.

•

LXXUI,

{Vol.

new york stock exchange,
chicago stock exchange,
chicago board of trade.

106-108

Grand

Avenue, Milwaukee,

PRIVATE WIRES.

EDWIN L. LOBDELL,

&

A. O. Slaughter

Co.,

BANKERS AND BROKERS,

Stocks and Bonds,

LA SALLE STREET,
CHICAGO, ILL.

CHICAGO, ILL.

MEMBER NEW YORK STOCK EXCHANGE.

Mnmhttra

CHICAGO STOCK EXCHANGE.

J
<

ot

Edward

B.

Smith

Trade.

Co.,

BANKERS.

The Bourse, 5th
85 Cedar

Street Philadelphia.

Street, eor.

Broadway, New York.

Members New York and

W.

E.

Phila- Stock Exchanges.

Clark

&

Co.,

BANKERS AND BROKERS,

No. 139 South Fourth
PHILADELPHIA.
Transact a genera) banking business.
terest

BANKERS.
W East Baltimore Street, Baltimore.
Investment and Miscellaneous Securities a specialty, and whole issues bandied.

W.

CHICAGO
PITTSBURG
AND

&

Co.,

Investments receive our special attention. Information cheerfully furnished regarding present
holdings or proposed investments.

John H. McQuillen &Co.
BANKERS AND BROKERS,
104 SOUTH FOURTH STREET,
Members Philadelphia Stock Exchange.

Hutton

&

Co.,

Members Cincinnati and New York Stock Exch

j

i

BROKERS AND DEALERS IN ALL

CINCINNATI

ESTABLISHED

&

Whitney

1871.

AND OHIO

Stephenson,

Streets,

MUNICIPAL BONDS.
High
Town and

&

Co.,

Bankers and Brokers,

NORFOLK, VA.
John W. Dickey,
BROKER,

1

Francis,Bro.

Buy and
sell

on com-

mission local

&

securities,
also listed
and unlisted

Co.,

securities in
all principal

St.

markets.

DEALERS IN
Government
Steam and
Ry.
Bonds.

Street

AUGUSTA, GA.
SOUTHERN SECURITIES.
Edward Pollux
St. soar,
Members Stock and Bond Exchange.

aiNBT

Edward

Pollitz

&

Co.,

STOCK AND BOND BROKERS,
Hawaiian Sugar Stocks a Specialty.
403 California Street,
SAN FRANCISCO. CAL.

Ohio.

CINCINNATI, OHIO.
-Grade City, County,

Mottu, de Witt

ST. LOUIS.

Mayer, Whitaker

W, Corner Third and Walnut

1880.

Correspondence solicited and Information furnished about Southern State, Municipal and Railroad Investment Securities.
Reference— Bank of New York. N. B.

SOUTHERN INVESTMENTS.

Stock Exchanges.

S.

.

INVESTMENTS.

Members New York, St.
Louis and Chicago
Cincinnati Bonds and 8tock8.

&

Southern Securities,
Virginia Bonds,
Virginia-Carolina Chemical Co. stock.
Reference— Mechanics' National Bank New Yor

GENERAL BANKING. COLLECTIONS,

Brokers and Dealers In

Seasongood

RICHMOND, VIRGINIA.

A

Members N. Y. Stock Exchange.

LOUIS.

St.. Cincinnati.

Street,

B0LLING,

ESTABLISHED

BANKERS AND BROKERS,
No. 309 FOURTH AVENUE.
Oldest Pittsburg

Co.,

Davenport & Co.,
BANKER8 AND BROKERS,
RICHMOND, VIRGINIA.

A

PITTSBURG, PA

SECURITIES.
214 N. Fourth
Irwin, Ballmann & Co.,
ST.

3T East Third

Sons,

Bank of New York, N. B.
First National Bank of Philadelphia.

CINCINNATI.
CINCINNATI, OHIO.

classes of

BALTIMORE, MARYLAND.

T. Mellon & Sons' Bank,
PITTSBURG, PA.

PHILADELPHIA.

all

BANKER AND BROKER,

PITTSBURG, PA.

28 South Third Street, Philadelphia

E.

&

German

WYNDHAM

)

CORRESPONDENTS

8TOCK AND BOND BROKERS,

W.

Exchanges.

BANKERS,

G.

G. Hopper

dealings In

Loans on Collateral Securities

201 East

Stock

CHICAGO BOAED OF TRADE.

on deposits.

Wm.

f"

N. Holmes

Hopper,
H. S. Hopper,
Members of Philadelphia Stock Exchange.

facilities for

negotiated.

Seaboard Air Line
Southern Securities a Specialty.

MEMBERS
NEW YORK
)
PHILADELPHIA /

In-

New

Co.,

Sproul & Co., Charles B. Hoblitzell &
BANKERS AND BROKERS,
PITTSBURG, PA.
Securities,

Members of the Philadelphia and New York Stock

Exchanges, and connected by private wire with
York.

&

Henry

St.,
Allow

1867.

itl

Southern Bonds.

PITTSBURG.

8c

"

Members of Baltimore Stock Exchange,

Exceptional

PHILADELPHIA.

Established 1802.

Co.,

Wilson, Colston

New York Stock Exchange,
Chicago Stock Exchange,
New York Cotton Kxcliange and
Chicago Board

William Wilson 4 Sons,

Wilson, Colston &

115-117

"The Rookery,"

SOUTHERN.

School Bonds

Issued In leading prosperous States of the Union,
especially adapted for safe and permanent Invest
ment for Estates and Trust Funds.

&

Company,

&

Tilton,

BANKERS,

Successors to

WHITAKER HODGMAK,
BOND AND STOCK BROKERS,

PORTLAND, OREGON.

cfe

800 North. Fourth

Ladd

ESTABLISHED IN 1859.
Transact a General Banking Business,

Street,

ST. LOUIS.

Collections given Special attention.
)