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^(mamk 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?*»£ 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 & C <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 22 *2 L25*2l28 34 "21 1 109*8 106 106 107 102 102 134 186 Hud C D fife* AA- W I, Erie 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 J 105 134*2 133>s 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 .lv'OO 109 102 106 107*2 l"07i-2 102 102 107 '2 107*2 101*2 103*2 <fe 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 7 i t 102 111*2117 102 103 » 115*2119 J'ne'01 M 'See 109 100 1937 1901 Om& StL 1st g 4s 112 112*2J'ne'01 112 112*2 108 111 102 105 Dec'00 95 75 "75' 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 114*4ll5i4 110 34 114*2 on23*2l26 o 122*2Apr'01 122*2 126 ] 8 114 1103, .7 120*2. O 121 34 121 Oct 00 102 Nov'00 . I\ A J J J *110 A-O 114*4 A-O 114* M-N M-N 106*2 F-A J-J J-J A-O 114*4 118 20 113 117*4 116*2116*2 '114*2J'ne'01 114 114 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 & I C Si t TC 106*2- 110 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 Roch<fePitCA- 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 Wli L E & P C Co 1st g 5s. 1919 J-J 1 "s 58.1946 M-N 10! 2 Sun't'lc Coal 1 si g 8 t lis. 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 . Jefi'<fc Dev Co gu g 5s. 1909 J-J Coupons . .. 1 12K J'ne'01 ....128 !','.pr'Ol n; 3. 128 110 1022 PCC&StL 100*2May'01 100*2 Oct '00 109 Oct '99 Clear! Bit Coal See C <fe Col C I ext 1st con g 6s. 1902 F-A Col •'i Coal and Iron N Coal anil Iron Can Coal Min See T C I 5s./, W 2307 1020 ?:} 191 1 1 10.T'.. 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 1st . st 1 108*2J'ue'01 125'.:. 1 10 1 107 YChicfc 1 ' NYC 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 193 M-N 1st .I'ni'Oi '.I .In I 1993 is. 1916 it Lggu.. 2361 Mniil ,\ R( . & A 1 con gu g Bt 1 Shore 100 99*4 gu 1: A Co ^' 1 no LOT'S J 10:11 June Registered -N' So ' onth ( '. gU Mt i ^ Jul 11, .1 1:; ll'J'-jMi.N'ul x .1 R 11 .v & ••oil'. Moll a .|ir'OI 12', 1 lln/h - . Mar'ol M.iVOl 11(1 < M •2d TV! Dec'00 Jan in lift <_ L' .. r.'(i'4 1 il ma- II in), 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 •_M series gold Bs 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 'jd Income gold 6s B...M91 ex North lsi Kohl 6s... .1910 J-D 1910 J-D Registered MichCenl Bee N E Cent See Erie Mid 01 N See Chic<6 N"W Mil 1, 8<S .Mil A; 1> 115 I8H1 126'a 1 1 1 X. Y. eh s«( or«s 1. Million Ooal Bee L S <fc M 8 anliattan Ry consol is. 1990 .t l <t January Lait Ask Low Bid J !-<.. 1987 h I'-Fla A s 1st gu K Bs ..1937 F-A K-A aii si ltii g 6a Pens is. dnetday ii, , 3 noMis aye since ! Week't Price w<;k ii llV -I Conl, 193(1 2d gold lis Pensaoola Div gold 6b... L020 N KeOOrd— Continued— Page BOild 24 2 1 103 *2 Feb'OO '2 101 . . 104 105 110 112 10.0 104*2 . Jan 00 & Industrial .Manufacturing 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 Bonge Sinee J a i. ua ry ><r Jul*/ 9 .li B»M>H mye Weelft STOCK BXCHANG1 WKKK ENDING N. Y. v BTO< K KXi ENDING N. \\ J ! i .1 lx 1 1 1 Jan ary .'. \ 1 I I Auk Hid RR Peun g 48. 1993 1st real est l.mr Hlllh wis M High A'o SolttlK I MS OUa VG 113 l i I UN'J Rli a ., I Pensaoola a au lv.i a East See Peo A n 2d gold l*aa 1'iK . - mi is 6e 81 Lia" Jan • 106 123% 114% Reading <fe 1927 M-N 1997 J-J 1991 J-J Pitts 126 ins L09 May'01 1 lll'v ' See »S'e<> 121 Noff*98 904 90 J'ne'99 '117 lOlCj A]. 1 4 123 96% Sale 121 113V J'lj ".17 '.is Hi i 76 Apr '01 92 B gold 68 Class 101 102 95 4 92 105 'a 81 SI General gold 5s 92-'„ 97 & 1996 Regie tered 1918 R let g6a Ala 1948 Atlife Danv 1st g4a Ail & Yad 1st g guar 48.194 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* Registered 1 94 8 Minn Union 1st g 6s 1922 Registered . . MontC 1st May'01 112 114's 114% May'01 W gu gOs 198' 193' 193' J-J J-J J-J M-N 100 100 100 s8 . 105 804 924 si i:;ii'.j J'ne'Ol Virginia 9S 34 Sale 79 H Sale 95%1011-j 71 82% 115%. HR^Feb'Ol 118%118% 188 139 139 187 34 Feb '99 5 113 4 113 34 116>HApr'()l 116 i J'ne'Ol 1 05^4 J'ne'Ol 106 Muv'oi 139 . 113>2. ii'6»4 '. 98 79% :, J-D J-D 106%J'ne'01 J-J J-J 138 J-J J-J *i22 J-J 128 140 115 Apr'00 May'01 12SV». Scioto Val &NE See Seab& Roalst5s Nor & J'ne'Ol Apr'99 104 Jan 112 J'ne'00 14: A&N 126" [12% J'ne'Ol 110 112% il'o" Apr'01 im" 107% oi ii 111s .Sal. 117 118 108% :n"'.i»i .1 1 M7, 96 1 1 120% 119 109 J'ne'Ol ..'11 Mar'dl ; 121 J'ne'Ol 120 Apr '03 . ne'lll . L194 121 4 1 -( lll'-J.... in- ni L28 L28 J'ne'Ol 121 J'ne'Ol loi'i.i'lv'oo 109 Ap'r'ul 83 Dee '00 1*0741114 110 1 1 4 1 ' l 4 '4 85 4 1 . 115 . 115 Jan 2 % 19% 121 121 113% 1164 1244129 121% 122 109 '4 1(19 .. 2 100 110 113 115 116 115 116 120% 116 116 '99 11 91 . 1 . Sep no 120% J'ne'Ol 1174. - 1244128" . J'ne'Ol '- 1 I 110H. 117 ! 110 Oct '99 102 109 '.'.'. 1 I 119 1174120% . : .1 . i'15" 1 ! 1 1 'i % 120 120 93 '4 95% 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. ©aV as > 19 I <1<1 ft<l <J«J ft«J a: *. Oh -1 o<J «J<I d a •" c. to 3 ww WW ww ft ft coos ftw CD -J »w -CO d-J 9 O© 1 ft 03 ftW 9 19 dd o acw cc w I r.ft ic to as to 9 9 9 ~3<1 fto O«o «3<J I 9 d-i wci <io was to to OCOO ft ft I 9 O W ft-3 ~JtO -J -J ocao I 1 I V. 9 9 -IV -a«a w» coco ft -4 I Js* I 9 ICW 1 a -3-5 I I I I I 9 tnop d© dd I I I I I I a 00 OD W WW WW dw dd CD WW OW w<i act ow WW -> OS C5 CO I '' d-j <JO <I«S OJ 00 -q«q 0>ft I 9 <i -j-a d«j COW 9 WW WW WW ft X WW «JW «f WW 9 I I <J<1 cceo to 19 I 9 •JM ttft ft • 19 «3«J ftft »J«5 I 1 9 -J -5 dd ~1 — OW WO I 9 *?*? did 1 9 «a«3 0000 1 9 oooo WW WW ^3 •ivanoH" -3-3 ' ft CO I 2\ 9 1 ' -J -5 <I h* 19 OS 1-^ w o 19 1 I ato I -?i Oi c 6>ci d w 9 9 ^<j ft^i ~JkO dd wo «a«» m»j «l-q oooo w ftft ftft *-W CC--1 -] wco 19 9 19 ft-i w 00 ft W<0 9 : ^^ do C d CO Wh< 00 ao «fc CO 13 w 19 19 ft 05 *-ao CO w 19 C 19 *• «i<i i».co '2 1 «ao 19 I O'*. I I I 9 13 00 *>• I I w 9 9 w to 3 -J I I 1 w OS o d I I 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. V]Kli» :§: ao. • to 1 toto Cx. CHU. m! i • -J m UOCDH> 1 oototo; i- tocoto I co| t». to; to; aa; 05- t->-j; t005. • oo; CO- to m CO o II O to O H- te M M 00 M tOM •] CX t9 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' — © : : ; • • « ©to <i: C*. eo; • «: to: OD. W«. **» to uto; a>oo«©: <*>-: ©05O5W; * W . a to MO; O ©w 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 «*• » §: © 3 §: : : ! • . • 1 5: ? : mj no a"* o a 9 n.M :7» o 4 : •»3. S n 2 o S _ if • ' • JB -a w"*- toco *. © to to 05 to co to to -4 cow ws *- 6,321 2,860 comas*-© MOO ', toas*.M© O0Wt3t3W * > tOCO 10 00 a sIH NN M w 1 I I ow os_tO co co e>© ©ao I 149,416 56,817 to *. 00 m M © *• w © oicooto© CO (Cm- cow ©tO*-M© CUM COM MtOtSWM CO 00 TmoVcood asc* CO CO ©00 M© 0000 WtO CO© cow i O© a « W © CD o to © »ut*©© a IM m w to © © CO © to©xto ©91 cow© _CO©-0 _»)» ©© Wo©4B CO to — MM le-c^bs ©to CH05mi©C0 CO , I i I , ©WM WtO MMO< mod COMCO i~CD H^CSOOO uico — c*o V-oj "cots ©Viao CO w to tCM ap< 1o to I -J» 00 O'o'm©'*. woo to to© Uijucom-q I ..MM-CiSM 01©«©Ol i tO COO** GO I I oocoaooolM ©COfO©X oxomco VTo'cjim'cx j 1 A to to oowxftto ©os ©to © w ©55. ©w©ebo OO^OUCI O CO O -J ft* ImCTIM to© pODCD *©"©© w« M(0 COM to toco o«ce tOM c* CO CO M pi©*MOl cjios I o O. CO ~n -- -- CJl coca i —— commIso 00*. (Cm to a©*. »© to MCO -Ji i I weo COM MtO — ©*- no (09OUO I ©to © ©00 © ©* m© to coco © o< 01 <i ©R. OO'rOOlio COAO too M MO cocoim toco osmt lb CO i ! -Jootscc© M*-K: B M 10WWC3IM 0O»»©® it. W OS » Wjm os 39,687 56,556 60,196 CXtx 00 •JO"-l K3M 00 1; © Oi <l"lM©©"3> ao 1,381,215 WtO tO CD ©to to® ©WW to© mccuiibo MMMCOM c* to 1 •^ •. -0-a.co ©en to CO CO COCO *• to tOt^WM 10©*©©€B imO- i it. *1 COMCO im CO IM© ! — ©tOMCJlO. ©©©wo | 362.672 « © too> *>t»M COOl CO -1 CO CO CO w *-coto*.© I 1 toco CO© ©*• CO© to© o Oi CO "13 " I MM- co*« to I » "©os o© © O M© M CO 18,713 62,367 34,385 80,047 66,440 W®MXO MOD MM l-'t^ © HHI-H ©eoMCOto 1,354,514 tOvl^tOW kOWMOitO © M mi M CO M © * 00 © C* MCnxCOO 10 M 00 C* M- 06 © ©,J0 Wcx bo to *.«»XO cocn jM 1m to * w I M 251,952 © o> ! <J*>-©«CO OS tOCO*-©W . ! o © © WWtOOM coo to* m> ! MOMOCO to OS -- solo "osto M a^ • tOO©tOM 2 occ MO *ao 1 •—: *i ; <B • • ©w 0» 00 E.m m b£ o o! Om 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. )