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1
:
pimnrial
xmiti
0mni£rna
Supplement
Qijotation
Street Kailwai|5uppIement4iTiiAnnuaiii>
(Monthly)
Investors Supplement (Quarterly)
Stale and
[Entered aooordlng to Act of Oongress, In the ye&t 1900, by the Wiu.iAi( B.
Daha Ookpaht, in the office of the Librarian of GongreBs.]
SATURDAY. MARCH A
VOL. 72
C% Supplement ^xnnuai^
NO.
1901.
18^)2
Week ending February 83
Clearings
at—
1901.
PUBLISHED WEEKLY.
Termg of Subscription— Payable In Adyance
$10 00
For One Year
6 00
For Six Months
13 00
Bnropeau Subscription (Including postage)
7 50
European Subsoriptlon Six Montne (Including postage)
M2 148
Annual Subscription In London (Including postage)
Al lis.
do.
do.
BlxMos.
do.
Above subscription Includes—
stbeet Railway StrppLBMEirr
Thb Quotation bupplkment
State and City Supplement
The Investoks' Supplement
Terms of Advertising—(Per Inch Space.)
Transient matter.
$4 20 Three Months (13 times).. $29 00
" ).. 50 00
Six Months
(26
8TANDINO BUSINESS OAROS.
" ).. 87 00
Two Months
(8 times).. 22 00 Twelve Months (52
|
Boston
Providence
Hartford
New
108 8S7,g38
5,560.500
1,802.744
1,165,021
HaT^en
SprlDKfleld
l,li!4.2>!B
Worcester
1.255,455
973.619
651,081
Portland
Fall River
4B0.780
374,589
283 855
Lowell
New Bedford
Holyoke
&
Pine
DANA CORIPANY,
Street,
Bnif..
Chicago
Cincinnati
Detroit
Cleveland
Corner of Pearl Street,
NEW YORK.
Post Office Box 958.
Indianapolis
Peoria
Toledo
Qrand Rapids
Youn(?stown
Sprlngtleld,
111
Lexington
Akron
Kalamazoo
CLEARING HOUSE RETURNS.
Sprinirfleld, Ohio..
Canton
Jacksonville,
89.814.679
4,&S0.7C0
2,0^4.670
1.342.597
1,302,586
5.861,500:
2,424,045
1,305.623
1.691,450
-1-213
1,507.598]
1 202,0ilfl
798,888
874,863
469.177
869.429
273,940
-<-22-8
1
-I-I-4
-|-3'4
1,287,453
1.88^,358
731,133
401,124
270,000
+H-'b
140,801,725
103,S95177
-H)8
+28-2
105, 996,594
89,708,064
10,778,450
5,779,387
6.185.085
4,802.057
8, 31 800
1,931,608
1.569.583
-268
-HO-9
—24-9
-H'8
116656171
116.298 806
13,630,050
10,22«,480
6.420,973
4,988 400
2 784,476
2,280,110
1,881.715
1,085,855
1,111,826
816,056
280,000
460,000
432.519
475,(100
Rookford
The following table, made up by telegraph, etc., indicates that the
total bank clearings of all the clearing houses of the United States for
the week ending to-day, March 2, have been $2,090,515,916, against
$1,829,577,351 last week and $1,707,692,418 the corresponding week
183 933.530
-1-8
-22 8
113,989.815'
7,1)00,716
iJayton
Bvansvllle
Pabllsbers,
1898.
2,815,634,
1,570 513
1,018.802!
1,034.874
188,573,561
17,473,760
Columbus
Smith, 1 Drapers' Gardens, E. O., will take subMessrs. Edwabds
scriptions and advertisements, and supply single copies of the paper
at Is. each.
1899.
081,248
772.001
540,861
883,436
1
Milwaukee.
London Agents:
WII<I<IAni B.
New
--10-4
98.628.086
5,662,100
|
Total
1901.
P. Cent.
1900.
111...
Oulncy
Bloomintrton.
Ann Arbor
Tot. Mid. West'n
6,785,011
8.849.217
5.166.681
4,615.500
2,870.807
1.614.998
1,551.698
1,035.582
-(-3
-I-15-6
-fSl
-(-105
-f-17
J-40 4
-(-0
168,692,768
16,606,687
1,972,686
1,727.061
2.879.594
1.973.549
717.621
649,610
584,^31
140,000
14.817.639
1,973,041
1,714 606
1,763.944
1,489,117
1,047,631
714,489
477,617
349.700
100,983
87,481,963
23,867,660
1,367354
842,438
e43,3h5
520,456
233 154
884,903
329,704
280,000
286,578
ii54 073
284 640
187,296
110,000
765,248
685,852
149.820,685
198 067 014
13086,459
2 045.077
1,238.381
1,427.419
886.340
653,3?8
661.858
531,587
180.070
107.451
18 714.263
1.854.828
1,785.688
1,158.609
1,237,410
787.014
892,980
500,000
246.016
104,775
81,018,013
80 615,178
0.827,890
6 615.060
5,336 013
S,4S5,570
9,066,118
6,150,284
4.760,660
3 026.100
2.50<!.230
8,911040
1,965 073
1,052,361
1,430.454
-14
2
-|-li8
-»-lI52
318.291
869,700
388.800
274,885
858,917
299,583
131,728
200.000
177,576
176,861.646
03
-1-14
209110
Not include
1 ,676910
1 ,564.409
-i-ai-3
967,658
951.688
236.606
372,024
272,875
382,736
266,106
181,061
208,531
326.826
67,718
11 146,620
6 .442.815
8 ,656.329
4 5D3,77a
3 ,355,600
2 ,073.059
2
-(-3H-0
-(-28-6
-4-3
-0 5
-f-6'7
-11-0
-05
259,168
828,368
841,614
889.100
810 807
8.39,064
281.738
178 997
-t-4-3
-f83>
1
in tot al.
-(-5
last year.
San Franolsoo.
Week Bndina March
OLBABINGS.
Salt
Lake
City.
Portland
2.
Ijos Angeles...
Returns by Telegraph.
1901.
New York
11,114,285,840
Boston.
Philadelphia
Baltimore
Chloaero
St.
•
Lonls
Orleans
days
6 dara
oltles, 6
oltiea,
86,094.913
-H0"7
-8-8
+28-4
19,601,812
21,483 893
126,816,691
183.730,685
FarKO
Slouz Falls
Total Paollio.
Kansas City
88,673,838
-(-12-2
18,591,883
9,988,415
-h86-8
«1 ,604,890,696
286,018,946
$1,204,269 887
201,079,943
-f36-0
Denver
+1«'9
St.
-h33'8
Davenport..
Sioux City
all oltles,
-H5-9
Topeka
-I-33-4
Wichita
Fremont.
Hastings
Tot. other West.
6 days
$1,789,909,648
850,606,374
$1,406,349,839
802,342,589
for week..
t2.090,B19,9ia
$1,707,692,418
All oltles, 1 day
Total
95,816,87S
-^4•0
Spokane
Tacoma.
Helena
Minneapolis
Omaha
St.
Seven
Total
-I-38-5
104,814.674
$934,667,860
100,788,347
Seattle
32,068,^16
New
Other
P. Cent
1900.
all oltles
The full details for the week covered by the above will be given next
Saturday. We cannot furnish them to-day, clearings-being made up
by the clearing houses at noon on Saturday, and hence in the above
the last day of the week has to be in all oases estimated, as we go to
press Friday night.
We present below our usual detailed figures for the previous week,
covering the returns for the period ending with Saturday noon, Feb.
23, and the results for the corresponklng week in 1900. 1899 and 1898
are also given. Contrasted with tlie week of 1900 tlie total for tlie
whole country shows a gain of 290 per cent. Outside of New York
the increase over 1900 is 11-2 per cent.
Week ending February
Clearings
$
New York
,230,700.7P4
Philadelphia
81,167,H00
Plttsbnrs:
3196!.411
IH 991 89H
Baltimore
Buffalo
WashiiiKton
^^ Albnuy
^Rochester
Syracuse
Scranton
WtlmlnRton
Blnehamton
Chester
WheollnR.IW. Va.
Total Middle....
6.610.189
8,377,H68
8 303 067
1,738.108
8&8,6I3
1,005.821
774,387
604,700
£70,839
190O.
23.
1899.
1898.
$
878,185,581
70.948,811
24,813,035
15,688 053
4,027.233
8.1I1323J
2,161.349
l,58n.464
942
W25.60U
8.'8
919,848
878,800
89«.0"6
618,684 Not include
1.381,820.»72 1.008,888,925
-MOl
1,173.831.496
803.511669
+14-4
8H,45fl.4a8
-f44-4
-t-aii
87.398.6H1
37,077.728
8.902,901
1,995.118
8,000,000
1,847 806
984.839
1,036.885
B67,135
67,118.164
S0.P8S 763
16 201675
3,720.169
1601,7.S7
-f39 8
--9-9
-I-7-1
-)-9-4
-5-1
-f-8 6
—158
-Hil«
-88
314700
1.263 848
1.182 730
h69,'-81
685.430
889.630
1,349,401.538
Orleans
Louisville
Qalveston
Houston
Savannah
Richmond
Memphis
Atlanta
NasbvlUe.
Norfolk
Augusta
Chattanooga
JaokBonvlUe
Total Southern.
Total
all
Outside N. York
Halifax
Hamilton
John
Victoria
Vancouver
917,086.869
18.807.886
7.680,070
6.885.576
3,661,803
8,818,030
3,61'3,«59
1.306,137
646,719
1,074,686
1,287,066
499,3H2
120.000
135.000
10,714.868
7,800 462
4,938,487
3 446.765
3,521.734
3,204,841
l,13e,484
667,620
927,834
590,679
-(-6 2
-(-8-4
-1-12 1
-(-154
4-13 9
-(-5
9
-fl6
1
86.157 521
10,358 281
8,015,118
8,600,000
3,09U 544
3 885 426
86,648.850
11.544.440
6.848,617
3.158.000
4,1S«,124
6,307,148
3.100.000
8.023.470
846
1.119 617
l,6t14
938.299
800.000
707,000
694.721
627.149
871,267
1,338.679
1,686 068
616,282
751,520
700.000
657,000
612,815
820.617
270.974
80,783,438
73;a46'41«
1,629,577,851 1,416.647.886
598.816,667
638,492,245
13 258 380
10 007 319
13 680.880
9.550.842
887 184
694,168
664 404
490.684
666.779
867,919
661.088
443.474
117 692
90.377
-f-15-9
-(-117'9
101.820
167.387
43,908.899
l.aflO 987
1,186,017
446.824
-8 6
-f7-8
471412
42.155,791
3,031 1^93
e.637.779
1.973,378
1,299,"45
-(-23-3
433311
94,454
—19^
+121
88.781,411
81,617,410
-(-31-9
80.898 384
84.958 4a6
9,878 398
6,482.894
-10
3
8,693201
-(-170
-l-llO
110 760
-12^
7.446 18S
8.621 800
2,488 443
8 187 465
8,024.807
1.958,803
-(18-6
1851,h78
+16
1
1,081.281
-«-9
9
988 466
-89 7
-27 6
+24 1
+14 4
649.8 <:9
783,61^7
65t<.324
416 163
751,530
585 584
526.000
670,000
-4
6
-86-8
—22
+88-9;
+355
273 550
+64*4
+01
277.907
814 3K0
+10'8
68,187 317
a,713C00
i
2,650.081
2.198.046
3 079.577
2,188 697
1.840 553
984.840
81^ 834
7i'08l8
419 695
893 819
2T9.848
207 459
59 542 773
+89-0 1.766,010,658 1,800.154,404
+11'8
688.779.104
460 648 835
17.78TStl
10.2'».73i'
10 861 804
7,676 688
CANADA—
Montreal
Toronto
Winnipeg
St.
860,000
In tot al.
+370
Lonls
New
Birmingham
Macon
Little Rook
1901.
P. Cent.
St.
Kuorvllle
Fort Worth
at—
leoi.
Paul
Joseph
Des Moines
831905
Total Canada....
1.626 0041
1,528.257'
1.7S.S513
1,800 000
708,101
718,941
4H6.358J
708 758
700.0''0
89,037.107
-8 7
+4S
—6 2'
165 810
014.8^1
1.S00.81B
1.058.000
'
683101
668 070
498.4S4
5
577 171
500,816
P86.079
+16
88,788,806
87,476,601
+17-6
64S965
±1
+23 6
-113
67«.80»
+29
678..'!01
88 019 698
1
1
THE CHKONICLE.
406
President of the Michigan Southern & Northern Indiana.
In 1865 he became Vice-President of the
THE FINANCIAL SITUATION.
With the
oflicial
announcement Tuesday
[Vol. LXXII,
of the
status to be given to the various organizations about
to be brought'together in the United States Steel Cor-
Cleveland Painesville & Ashtabula RR. The two lastmentioned companies were subsequently merged in the
Mr. Sykes
Lake Shore & Michigan Southern.
poration, nearly every evidence of active life seemed, as
it were, to ooze out of the Wall Street market at once.
then accepted a position as second Vice-President with the Chicago & North Western to come
Monday, when all was rumor and nothing was known, to New York and take charge of the office in this
no story was put afloat but found at least temporary be- city. In 1870 the office of First Vice-President of the
North Western was abolished and Mr.
lief. As a result speculation in steel stocks on that day Chicago &
advances
and
the
From 1873 to
violent,
Sykes
was
elected
Vice-President.
was enormous, the fluctuations
material; since the official disclosures the following 1898, a period of twenty-five years, he filled the three
day that class of securities has for the most part positions of Vice-President, Secretary and Treasurer
been neglected. At the same time, however, the old and since 1898 of Vice-President and Secretary.
It will be seen from the above that Mr. Sykes has
rumors about St. Paul and some other railroad properties were revived, and as concerns St. Paul, so far been in continuous railroad service for some fiftyas a stock issue had been forecast, the anticipation was seven years. During the thirty-three years of his conrealized.
The fact seems to be that stocks are as a nection with the North Western he has served under the
rule near a level of prices where only fiction can lift following Presidents: Wm. B. Ogden, Henry Keep,
them much higher; when the kernel of truth which Alexander Mitchell, John F. Tracy, Albert Keep and
is at the basis of these rumors has developed, the Marvin Hughitt.
The fact that he had charge of the
truth does not always support the latest advance, so finances of the properties, made his position often
the stock is neglected until it either settles to a point one of great responsibility.
The strength and
where investors can take it up or a new wave of pros- prosperity now enjoyed by these companies is
perity strikes it.
testimony to the able and conscientious way in
Outside of speculation every turn in affairs seems which
he
perfomed his task. By reason of
to be towards better conditions. It would be difficult his financial duties Mr. Sykes was brought directly
to mention any change of greater promise than the in contact with the leading financiers and magnates
The most important department of the last two generations, many of whom served in
steel arrangement.
of our industrials is thus put beyond the danger of the board of directors of the North West.
He has
reckless management, orjat least removed from the pos- held the esteem of them all.
He will retire with the
sibility of dishonest tricks.
What a boon it will be to consciousness of duty well done and with the knowlthat
whole
have
class of occupations, which stands edge that he has played an important part in bringalmost at the base of business prosperity, in shape to ing the properties to their present prosperous state,
save every waste, to develop our unequaled re and also with the good wishes of his associates and
sources, and enter upon a rivalry for the world's the general public.
export trade. Great advantages, we believe, are in
store for the country through the operation of that
That the anthracite coal roads are recovering from
great undertaking.
Another desirable proceeding the effects of the late miners' strike is made plainly
that has made goy)d progress during the week has evident by their returns for the month of January, isbeen the uncompleted legislation of Congress. The sued the present week. These returns almost uniformly
legal authority the President wished for has been show improved results as compared with the same
given for his guidance in the important arrangements month last year, and generally in quite a noteworthy
to be carried out relating to Cuba and the Philippines. way, too.
The Erie Railroad, for instance, reports
It seems, also, that the differences between the two an addition of $261,185 to gross earnings and of
Houses of Congress with reference to tax reduction $279,253 to net earnings, while the Central of
have been settled and a reasonable decrease in the rev- New Jersey has enlarged its gross by $102,599
enue secured. Our money market will consequently and its net by $98,306. In the case of the
in large measure soon be relieved from a long-stand- Lehigh Valley the net of the Railroad Company and
ing and disturbing influence, while the legislation of the Coal Company combined aggregates $362,536
with reference to Cuba, &c., will remove the neces- for January 1901, against $319,155 for January 1900,
sity of an extra session of the new Congress.
and the increase in gross receipts has been still larger.
The Reading shows gross of $2,490,817 against $2,297,An important event in the railroad world is the 044 for the Railway Company, and $2,826,354 against
announcement that at the annual meeting in J une $2,225,162 for the Coal & Iron Company; and net of
Mr. M. L. Sykes will retire as Vice-President and $913,767 against $804,515 for the Railway Company,
Secretary of the Chicago & North Western and the and $345,702 against $281,866 for the Coal & Iron
Chicago St. Paul Minneapolis & Omaha roads. Mr. Company. The surplus above fixed charges for the
Sykes has represented the North Western in the New
office since July 1867.
Prior to that time he
had for twenty three years been actively engaged in
the operating department of various railroads. From
1844 to 1853 he was with the Hartford & New Haven
road, and was identified with the construction and development of that road during that period. From
1854 to 1857 Mr. Sykes was Superintendent of the
Hudson Eiver ER. He then went West, where he
served first as Superintendent of the Chicago & Milwau
kee RK., and then as Vice-President and subsequently
York
•
combined properties is $191,030 this year, against
Even the smaller
only $341,997 for January 1901.
roads present very satisfactory exhibits, the
& Western having improved
its
gross
Ontario
$91,035 and its
Western record-
net $48,892, and the Susquehanna &
ing $37,428 gain in gross and $21,484 gain in net.
While there was no change in the official rates of discount by the Bank of England or the Bank of France
this week, the Imperial Bank of Germany on Tuesday reduced its rate from 5 per cent, at which it had
.
.
'
.
March
THE CHRONICLE.
3, 1901.]
stood since July 13, to 4^ per cent.
The Bank
of
407
London the Bank of England gained £759,371 bullion
during the week and held £35,858,945 at the close of
Our correspondent further advises us that
the week.
Austro-llungary on Thursday reduced its official rate
from 4i per cent, which had been maintained since
February 8 a year ago, to 4 per cent. Last week's the gain was due to the import of £399,000 (of which
bank statement was chiefly notable for the fact that £387,000 were bought in the open market and £12,for the first time thisyeartbere was a decrease in loans 000 were from Australia) and £360,000 net receipts
and in deposits, the former falling off $2,822,100, to from the interior of Great Britain.
$911,800,900, and the latter declining $2,142,100, to
$1,009,186,900. Because of this decrease of deposits
and of an increase of $1,158,700 net in cash, the surplus reserve was augmented by $1,694,225, and it now
stands at $14,546,675. The most important changes
shown by individual banks were gains in loans of $1,965,000 by the City, and losses in this item of $1,085,000 by
the Commerce, of $2,284,000 by the Park and of $2,-
The
foreign exchange market has been dull, while the
tone has gradually grown firmer.
Buying
of sixty day
bankers' sterling for investment will in part account
which are also affected
by the scarcity of commercial drafts. A demand for
short sterling for remittance and also to cover maturing long bills seems to have absorbed the offerings of
405,000 by the First National. The gains in deposits running off and other bills and the semi-monthly setwere chiefly $4,798,000 by the City and $1,246,000 by tlement in London caused an inquiry for cable transthe Fourth Natioral; while the losses in this item fers. It is reported that there has been some buying
were principally $2,062,000 by the Chemical, $3,599,- in Europe of stocks of those of the principal steel con000 by the Commerce and $1,435,000 by the First cerns which will be absorbed by the United Spates
for the rise in this class of bills,
National.
Steel Corporation, but as yet there does not appear to be
money does not seem to have been
in the least degree affected this week by the announcement of the steel deal. Money on call, repre-
any evidence in the exchange market of drawing of
It is too early to look
bills against such purchases.
for any influence upon the market of reported foreign subscriptions to the Steel underwriting synGold received at the Custom House $74,dicate.
The Assay Office paid $1,054,400 34 for domes153.
The market
for
has loaned during the
week at the Stock Exchange at 2^ per cent and at
1^ per cent, averaging about 2 per cent. On Monday
senting bankers' balances,
per cent and at If per cent, with the
bulk of the business. at 2 per cent. On Tuesday the
transactions were at 2^ per cent and at 2 per cent,
loans were at
2^-
with the majority at 2 per cent. On Wednesday loans
were at 2 per cent and at If per cent, with the bulk
On Thursday transof the business at 2 per cent.
actions
were at 2 per cent and at 1^ per
On Friday
cent, with the majority at 2 per cent.
loans were at 2 per cent and at If per cent, with the
bulk of the business at 2 per cent. Banks and trust
companies quote 2 per cent as the minimum. Time
contracts are freely offered and the demand is not
urgent. Rates are 3 per cent for sixty days to four
months and 34- per cent for five to six months, on
tic bullion.
Nominal rates for exchange were 4 84^ @4 85 for
sixty day and 4 88@4 88^ for sight until Thursday,
when the lower long rate was advanced to 4 85.
Rates for actual business opened unchanged on Monday for long sterling and for cable transfers, compared with those at the close on Friday of last week,
at 4 83|@4 84 for the former and 4 87f @4 88 for the
latter; but sight sterling was advanced one-quarter of
a cent, to 4 87i@4 87^.
The market was dull, though
with a firm tone, and it so continued on the following day and on Wednesday, though quotations were
unchanged. On Thursday the rates for actual business in long sterling and in cables advanced half a
cent, to 4 84i@4 84^ for the former and to 4 88-}@
4 88t} for the latter, while short sterling moved upward
one- quarter of a cent, to 4 874 @4 87f, and the tone
good mixed Stock Exchange collateral. There is
no discrimination against industrial collateral, and
such securities are accepted even in cases where was quite firm in response to the demand above noted
they constitute more than 25 per cent of the and also to an insufficient supply of bankers' bills.
collateral
pledged for the loan.
The demand The market was easier on Friday in the absence of
demand, and rates were reduced one-quarter of a cent
for commercial paper is good, not only from local but
from interior buyers, and the offerings seem to be all around. The following shows daily posted rates
gradually increasing in response to the inquiry for exchange by some of the leading drawers.
DAILT POSTED KATES FOB FOREIGN BZCHANOB.
and some very attractive names are in the market.
Bates are 3f per cent for sixty to ninety- day endorsed
3|@4:J per cent for 'prime
and 4^@5 per cent for good four to six months'
single names.
bills
Tntm., MON.,
F<b. ai. Feb.
receivable,
|~^^'.-:
BariDR,
(60 days
Magonn * Co..
Bank
British
No. AmerlofL,.
.
Rank of
Reports were current in London on Thursday,
which, however, were not officially confirmed, that
the Boer General Botha had formally surrendered to
General Kitchener at Middleburg. Also that the
British forces were converging on the Boer General
De Wet's position near Philipstown on the Orange
84»
488
485
488
( SlRht...
< 60 days486
( SlKht,..
488
I60dari. 485
B«>-Bro.
Montreal
Canadian Bank
i
Sight....
4
4
88«
486
4 88«
Ueldelbaoh, lok- ( 60 Aaja. 486
eUielmer A Co. ( SlRht...
488
485
t-'^i^^'-lsiKht!^: 488
of Commeroe..
if
erohanU' Bk.
of Canada
J
\
(
flO
dari.
Sight....
Tuis.,
25. Feb.
Wmd..
26. Ftb.
84H
84^
84M
88
86
88
66
88
86
68
85
89
86
88
86
88
80
88
88
88
85
88«
88«
88»
65
85
88^
88«
85
68
66
88
86
88
65
88
60 days
4 85
86
85
88
85
88
86
SItfht....
4 8dJ<
8Hi
68X
THtm..
87. Feb.
28.
86
88
86
68
86
88
88
FBL.
Mar.
1.
86
SBH
86
8^
86
8^
85
88X
88M
66
85
86
88M
88X
8^
88
88
66
88
88
66
88
85
68W
88^
Ben
i
86
The market closed at 4 S4@4 84^ for long, 4 87i
England minimum rate of dis@4 87i for short and 4 88@4 88^ for cables.
count remains unchanged at 4 per cent. The cable
Commercial on banks 4 83i@4 83} and documents
reports discounts of sixty to ninety day bank bills in
for
payment 4 83@4 84^. Cotton for payment,
London at 3f @3i^ per cent. The open market rate at
4 83@4 83i, cotton for acceptance 4 834@4 83f and
Paris is 2f @2^ per cent and at Berlin and Frankfort it
grain for payment 4 84@4 84^.
is 3^@3a per cent. According to our special cable from
River.
The Bank
of
THE CHRONICLE.
408
rVoL. LXXII.
Evidently, the
movements oi working of the new organization.
promoters
to
make
aim
the
will
be
money,
banks.
of
and we
York
to and from the interior by New
cannot see how in the present condition of these inNet Interior
Shipped by
Received by
Week BfwMnu Mar. 1, 1901.
dustries they can make money except through low
Movement,
N. T. Banks. N. T. Banks.
prices.
This is so because experience has shown that
»387,00C
Gain.
14,837.000
J4.e24.000
OnrrenoT.
The
money
following
week's
the
gives
Ck>ld
Total ROld and lesal tenders.
2,087,000
666.000
16,711,000
$4,008,000
Result with Treasury operations
Week Bndina Mar
Banks
Interior
Gain. n.808,00C
:
Net Ohangt in
Into
OutoJ
Banks.
$6,711,000
14 003.000
14,200,000
17,700,000
Gain. $1,808,000
Loss. 8,600,000
$20,911,000
$28,608,000
Loss. $1,692,000
morement, as above
following table indicates the
in the principal European banks.
The
Bank
amount
Mar.
Feb. 28. 1901.
Bank
1.481000
Banks,
1. 1001.
Total gold and legal tenders
Gain.
1.
Boldinf*.
of bullioD
1«C0.
of
ngland
Trance
German;*....
ansala
Ans.-Hung'y.
Spain
Italy
Netherlands..
Nat. Belg'ni*
Gold,
Silver.
S
S
Total.
Sold.
Silver.
X
*
Total.
36.858.945 35,972,051
36,972,061
35,858,915
95,278.043 43.769,446 139,045,489 76,793,061 45,670,866 123,463.487
80,130,000 i6.5ea.ooo 45,662,000 27,688,000 14,188,000 41,784.000
78,fi83,000 6,692,000 80,874,000 83,751,000 6,149,000 89.900,000
88,765,000 10.445,000 49,210,000 37,836,000 9.123.000 46,969,000
14.001,000 16,495.000
15.417.000 1,864.200
30,496,000 13,616.000 14,978,000
17,281,200 15,487,000 1,593,000
28,594,000
17,020,000
5,043,000
6,741300
10,784 300
5,264,000
6,037,000
11,291.000
8,933,000
1,466,000
4899,000
8,926,000
1,462,000
4.387,000
Tot-thls week 311.105 988 1019849^6 418.100,934 299,118,112 99,198,366 393.310,478
Pot. nrev. w'k 809,186.840 101447150 410,573,990 299,872.706 99.466,676 399,829 882
* The division (between gold and silver) given In our table of coin
and bullion In the BanK of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain in neither case is It
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we
beUeve the division we make is a close approxlmatioii.
;
THE STEEL COMPANY'S POLICYAND THE
EXPORT MOVEMENT.
the main facts with relation to the long- discussed iron and steel combination
has been made this week. We give all the details in
our department of •* Investment News." Not even
Official
announcement
of
now, however, has enough been disclosed to afford a
It
definite idea of the exact scope of the compact.
appears that a company to finance the undertaking
was incorporated this week under the laws of New
Jersey called the United States Steel Corporation, back
of which stands a guaranty by a syndicate of bankers
of $300,000,000 ; that company was designed to purchase and hold the majority of the stock of the orsranizations which are to compose the combination, and
to exchange, on the basis fixed for conversion, its
securities for
theirs.
Harmony
in the operation of
the leading steel plants of the country
is
obtained
through this ownership of a majority of the stock of
each of these plants by the United States Steel Corporation.
The
this
feeling nearly every one has with
arrangement
erated capital
reference to
a fear lest the size of the confed-
is
may
invite
public hostility.
It will
and provoke criticism;
but opposition with force enough to do harm
can only gain the necessary following through some
detriment to public interests. Should the result of
this combination be higher prices for iron and steel,
naturally
attract
attention
wide use, the basis of so many
industries, no doubt that situation would be a forceful help in making a political issue of decided vitalBut no such purpose is, we are persuaded, the
ity.
The iron and steel amalgamation was inintention.
stigated by a threatened war between large interests,
because it appeared to be the only means to avert a
very wasteful contest. Besides, high prices for iron
and steel would be disadvantageous to the prosperous
articles of extremely
even moderate prices stimulate a production larger
than our own country can consume; hence, the only
policy that can give permanent success to the new
organization is to cultivate the export trade, and that
can be done only by economy in manufacture, and low
prices.
We
have said that the combination can be made a
money maker only through low values for its products.
That wholesale statement shuts out the way ordinary
promoters in industrials have had of amassing fortunes, that is by cultivating a speculation in the stock
and then unloading on the public. The recent history of our industrials is full of illustrations of that
kind, and the earlier periods of our railroads have
borne witness to the prevalence of a like disposition.
This case is free from that danger. The character of
the parties who are prominent in creating the iron and
steel consolidation is the best pledge any people could
ask for, of good faith in that particular. They have
always stood as conservators of property and have never
been allied in any degree with destructionists. The
bitter fight between the New York Central and the West
Shore was among the earliest of the conspicuous rescues
with which the leading figure in the new combination
has been identified. From the day of the^West Shore
arrangement his efforts and the large capital always
within his command, because of the wide confidence
imparted to any scheme in which he was foremost, have
been employed in similar transactions, several times
also used in perilous moments of the Grovernment
Treasury. Moreover money makes men conservative.
Those who are acting in this case are among our very
largest capitalists, having the largest investments of
any similar number of men in developing the more
vigorous enterprises of the country, and consequently
would lose more largely than other investors by any
interruption to progress and prosperity.
We
might
add that the size of the capital involved in this
undertaking renders it almost if not quite impossible
But the point we wished to
to sell out to the public.
make is obvious enough from what has been said
without the development of further evidence.
Passing then that matter, we come to the thought
that the whole theory of the combination must be
based upon either a considerable increase in business
done or at least no contraction in it. It strikes ua
that some among those who are interesting themselves
in this subject do not give the parties who have been
instru'inental in originating the plan and putting it
also
into operation credit for ordinary forethought.
They
not doing all the work they have in
hand and venturing all the capital that will be needcarrying the
enterprise
to completion
ful in
certainly are
grasp of the questions inassume, therefore, that the enterprise is based on conclusions which recent trade
operations suggest. Those are plain to read by any
one who makes himself familiar with the facts. The
especially conspicuous market feature of our iron and
steel trades and of their finished products during the
last three years is the export movement they have all
enjoyed. No man of ordinary intelligence would go
into any business to day which those trades cover
without studying that feature, learning how it was
on
a
volved.
school
boy's
We may
March
3,
THE CHRONICLE.
1901.]
brought about, and what was necessary to continue
and to further cultivate it; for he must at least count
upon such a continuation as a future factor in makIf that movement cannot be
ing his arrangements.
kept up, the business those trades represent, which
has been expanded to meet the foreign demand, must
be in all cases materially contracted, and contraction
409
Of course the lower values for some time prevailing
here have been in large part the explanation for the
uninterrupted free exports. There is likewise another condition which helps to account for the continuing large movement; that
eries are on contracts made
many of the delivmany months ago. A
is,
from our well-informed Manchester correspondwould certainly mean disaster, not only in that de- ent, which is given to-day in subsequent columns,
partment, but a severe set-back to industrial prog- reviews the facts for 1899 and 1900, and indicates the
present outlook of the iron and steel industries in
ress.
The question consequently arises, and it is a natural Great Britain and G-ermany. His letter should be
how was
demand
letter
for our steel
read in connection with our reference to the sitaation
and iron and their finished products was developed? of foreign markets in those years. We have develIt was primarily through the very low prices that oped that point very briefly in this article, knowing
ruled here. We have to go back to 1897 and 1898 to that the full details are presented in that letter. It
The drop by the steel rail pool in is interesting to note also our correspondent's statefind the initiative.
one,
it
that the foreign
and the break ment that notwithstanding the long depression the
in the pool in February 1897, resulting first in a fur- highest wages paid for many years are still being
ther drop from $25 to $20 per ton and then a little paid in Great Britain, wages there being regulated by
later in the month to $18 and even to $17, gave the the value of deliveries, the deliveries being made
That fact bears
fresh start to both the home and foreign demand. under contracts several months old.
Moreover, in May 1898, while prices were thus upon the situation during 1900 of our steel industries,
situated, another event happened which had an ex- though the like condition of manufactures in the
tremely favorable influence in enlarging our export United States was far less in extent.
We seem to be brought to the conclusion from the
trade; we refer to the taking of the Spanish fleet at
Manilla, which was a revelation to the world of the foregoing that whether or no the United States Steel
perfection of our battle ships hitherto untried instru- Corporation may have within itself the power to conments and incidentally of our'general manufacturing trol production and restrict the price of steel and its
power. This knowledge of the country's advanced products, its policy must always be not to exercise it
industrial position was further revealed in later otherwise than to keep values at the lowest point that
months by the total destruction of Admiral Cervera's will return a fair profit, all the time seeking to defleet at Santiago and the practical close of the war crease the cost of production so as to develop the
Great Britain is apparently also
with Spain, Thus this Junction of very low prices export demand.
and a marvelous opening up of America's power and putting its affairs in condition to lessen cost of manu-
December 1896 from $28 per ton
—
to 125
—
products made the opportunity that gave wings to our
foreign trade which carried our manufactured products in largely increased quantities all over the world.
But it may be asked, did not high prices for these
raw materials and finished products rule in 1899 and
in a part of 1900 without checking exports ? Indeed,
have not the exports continued in large volume down
to the present day ? Those questions simply open another temporary phase in the world's demand and in
the prices for iron and steel and their products,
which, taken together and as a whole, simply serve
to confirm the principal truth which we have already
Unquestionably there was a continued
disclosed.
and large call upon the United States for its iron and
steel products after prices were very high here, but
there was special reason for it; it was because, through
building of navies, etc., in Europe an unusual demand set in there which, during 1899 and a part of
1900 more than kept in active employment all their
works. It was the demand in Europe and prices ruling there that supported our markets and enabled us
to export goods
Europe while high values
to
were the feature here.
But this was wholly
an abnormal condition. It could not last. Eor
confirmation
study
and
the break
in prices
subsequent depression in the European markets
which has been such a conspicuous feature the past
year, and compare that series of events with the conditions at the same time prevailing here.
"We do not
need to occupy space in citing those details. They
are of recent
occurrence, and, as every one knows,
add support to our contention that it is impossible to
The
consequently be spirited
and the competition sharp, and if we retain our export
trade of the last two years, we shall have to fight
facture.
for
rivalry
will
it.
B USINE88 PROSPECTS IN GREA T BRITAIN
—THE IRON AND STEEL INDUSTRIES— THE
SUPPLY AND PRICE OF COAL*.
Manchester, February
13, 1901.
Discussions as to the prospects of industry and
trade, always prominent at the beginning of a new
year, have been unusually prolonged during recent
The intense preoccupation of the public
mind by the death of the Queen and all that has fol.
weeks.
lowed
have appreciably interfered with the course
of business in many markets; but for another reason
it has not often been easy to discover the real drift
of affairs.
During the last few months of 1900 the
prevailing tendency in most directions was toward
slackening of demand and lower prices. This was
especially the case in the iron, steel, engineering and
shipbuilding departments.
Caution took hold of the
minds of buyers, induced mainly no doubt by a conviction that prices particularly of coal had been
carried much too high in the earlier half of last year;
but the holding back thus induced has been greatly
accentuated by the shock and diversion from ordinary
it
—
—
occasioned by the loss of a revered and beloved
Sovereign. The suspense of animation in business
generally has probably been, to say the least, quite
equal to that resulting from a general Parliamentary
affairs
keep up our exports at the level they reached in election, and in the particular departments referred
1899 and 1900, with high prices for those products to it has been all the greater because of the previous
ruling.
* Communloated by
our Special Correspondent at Manohester.
—
—
THE CHRONICLE.
410
unsettlement of prices and the uncertainty as to the
level at which the decline would be arrested.
But within the last few days there have been signs
of returning life in the iron and steel markets and a
steadying of prices which leads experienced observers
to believe that the worst
if
slow,
improvement
is
past,
and that a progressive,
before us.
is
In
so far
as
[ToL. LXXII.
tion will cease, and
come
it
may even be
that
its
opposite
Eailway companies; steamship
owners, manufacturers, municipal corporations and
other proprietors and projectors of tramways, electrical works and various enterprises have during the
will
into play.
more been buying as little as possible
that they would be able to lay out their
last half-year or
in the belief
the present position may be money more advantageously by waiting than by actThe course of the markets has fully
easily understood by a glance at the following figures ing at once.
justified
their
descriptions
expectations,
prominent
but the question is, will
giving the quotations of a few
Yesterday
of iron and steel at various dates during the last thir- they be disposed to delay much longer ?
prices
are concerned
Bee. 21,
1899.
Per
Pig Iron—
ton.
8,
d.
65 6
73 3
Barrow, hematite
Manufactured steel—
140
Mlddleaborough, rails
"
160
angles
"
ship plates.. 160
Mlddlefiborougb, No. 3
Glasgow, ship plates
was announced that the London and Northwestern
Railway Company had given orders to its own en-
it
teen months.
1'70
May
24,
1900.
Ferlotu
s,
d.
74
81 10
155
175
167
167
6
6
Dec. 20
1900.
Per
8.
Feb. 7.
1901.
gineering works at Crewe for a large number of locomotives, the making of which will fully occupy that
47 6
Recently,
58 9 establishment for a long time to come.
too, the shipbuilders on the northeast coast of Eng120
land have received a considerable number of orders
140
ton.
Per ton.
d.
s.
53 6
66 3
120
142 6
135
135
d.
135
135
These quotations are per ton of 2,240 lbs. During
January there were sales of pig iron at irregular
prices below those given above under the date of
February 7th; but each day since then has witnessed
some growth of confidence and rather more buying
of pig iron in most districts, and opinion in the markets is increasingly in favor of the view that the
corner has been turned. There is, it is true, abundant
caution yet, and the brighter anticipations are not
strongly expressed, nor do they issue in bold operaEvery one interested in these important
ations.
branches of business seems to think that it is good
policy to hasten slowly, and that the time is not yet
ripe to act as if the course for a large business and a
and yet
strong advance of prices was quite clear
for vessels,
and negotiations are going on
also for a large quantity of
There
in Scotland
new tonnage.
a further consideration pointing to the
probability of an abundant demand for iron and
is
soon as confidence in the stability or advance
is thoroughly established.
Few convictions
have taken so deep a hold upon the industrial mind
to use a comprehensive expression
in this country
steel as
of prices
—
within the last twelve months as that of the supreme
abandoning with all possible speed old
methods and old machinery. Indeed, ever since the
necessity of
great engineers' strike of
1897 this conviction has
been growing amongst both proprietors and work-
and less surely no doubt amongst
the latter, and a good deal of renovation and modernpeople, less rapidly
been done from the blast furnace to the
machine shop; but much yet remains to be accomthere are indications of returning confidence, the plished, and there is good reason to believe that very
ground of which seems firm enough when the circum- extensively those primarily interested are setting
stances of the iron and steel industry in all its themselves to the work very earnestly.
For example,
branches are well considered.
Messrs. J. & F. Howard, the well-known agricultural
In the first place, pig iron has fallen since last May implement makers of Bedford, have just decided to
to the average extent of fully 33 per cent, with an remodel the whole of their works, practically reconalmost proportionate drop in the prices of finished structing them, banishing the present method of
Secondly, the stocks of pig iron are very driving and substituting a complete system of elecmaterial.
blast furnaces in all the smelting dis- trical transmission with the most economical form of
numerous
low,
The generating plant and motors on the continuous curtricts of the country having been blown out.
Numerous other instances might be
statistics of furnaces in operation at the end of each tent plan.
quarter are not made up in this country so promptly quoted of like kind; but apart from the renovation
as in the United States, but it is certain that the and extension of purely manufacturing plants, a vast
number in blast at the close of 1900 was compara- amount of work is projected in other directions.
The motives for reducing production Municipal electrical supply for lighting and power,
tively small.
during the last six months have been very palpable
electrical tramways and railways, and hydraulic power
dear coal and high wages, as well as reduced demand. supply, are understood to be in a much more backIn most parts of the country wages rates fluctuate ward state in the United Kingdom some of them at
automatically and in the northeastern (Middlesbor- any rate than, say, in Germany, and provision is
ough) districts, for example, the rates paid to the being made very extensively for making good the
men were and still are the highest reached for many arrears. The carrying out of all of these enterprises
years, because they are based upon the actual prices necessarily involves an enormous consumption of iron
It may be mentioned, parenthetically, that
at which deliveries of iron are made from the fur- and steel.
since
these
were
fixed
to
large
extent
by
large
electrical
machine works are at this moa
naces, and
very
contracts entered into months ago, the fall has not ment fast approaching completion in Manchester on
the south bank of the Ship Canal for the use of the
yet begun to tell upon the wages scale.
But, thirdly, there has been for at least six months British Westinghouse Company, an offshoot of the
past a very decided and general holding back of American corporation of the same name. Here it
orders, not only for raw and half-finished or finished is expected will be made the electric motors and
iron and steel, but also for machinery, structural and equipment which are to be substituted for the
shipbuilding material, rails, and in some cases at locomotives now used on the London underground
It is easy to understand that railways.
least for rolling stock.
as soon as the notion that prices have "touched botIt is probable that the backward condition of Engtom" becomes firmly established the policy of absten- lish industrial plants has been much exaggerated; but
izing has
;
—
—
Makch
—
THE CHKONICLE.
2, 1901. J
411
IMFOET8 OF 8TBEL KAILS IH 1900.
the exaggeration cannot be regarded as harmful, or
Tons.
even useless, if, as is very likely, it has served to ex- rrom Holland
15,317 From Germany
13,125'
"
" other coantries
United States
cite a widespread determination to be 'no longer in
••
7,231
Belgium
noticed
that
the
the second rank. It is further to be
Tona.
I
1,796
636
I
slowness of British engineers and manufacturers to
renew and modernize their plant must be greatly
ascribed to the extensive and pressing demand for
their productions during the last two or three years.
They have not had the motive nor the leisure to put
their house in order; but the recent slackening
in the flow of business
acquired from a period
and the
of
financial
strength
prosperity are powerful
incentives to lose no time in carrying out plans of re-
formation.
To the prospect thus presented of an abundant requirement of iron and steel for home purposes must
Total
38,125
have ascertained that Holland does not export
any rails of Dutch manufacture. It is all but certain,
therefore, that the imports put down as received from
Dutch ports were of German origin. Germany and
the United States, therefore, were the only sources of
considerable supply of foreign rails; but the whole
quantity is relatively not great, seeing that Great
Britain exported last year to colonial and foreign
markets not less than 373,774 tons. None of this,
however, was sent to the United States and only a
few tons to Germany. For another table of statistics
It shows the
I am indebted to the same authority.
value of the iron and steel machinery (including
steam engines, but excluding sewing machines and
cycles) imported from each country in 1898, 1899 and
I
be added the contingency of an impetus to the foreign and colonial demand if the South African war
and the disorder in China should disappear before
Ilere of course in a far greater degree than in
long.
1900.
the former case international considerations come in.
Annexed
is
a
summary
of
it.
IMPOSTS OF MACHINERY.
That there will be some keen competition, especially
1898.
1899.
1900.
between the three foremost industrial communities
£
&
America, Great Britain and Germany goes without From United States
2,017,386
2,609,367
2,261,624
"
213,923
Germany
248,198
280,780
saying, and doubtless each will secure a good share of
" France
191,222
153,871
153,618
the new business, which can hardly fail to be large;
120,933
Belglnm
132,797
199,113
"
82,441
Holland
118.698
123,871
but here another and a wider question emerges. The
" Other countries
119,979
162,330
177.744
quantity of iron ore and of coking coal, the primary
2,745,884
3,405,261
Total
3,196,750
requisites of the iron and steel industries, obtainable
Another question closely associated with the prosat moderate prices is limited, less so in America no
doubt than in Europe, but still limited even there. pects not only of the iron and steel industries, but
Trade and constructional enterprises are very active also of the manufactures and commerce of the counin the United States, are apparently certain to be- try generally, is that of the supply and price of fuel.
come active again in Great Britain, and may perhaps It was of course inevitable that the subject of the
revive in Germany, where at present they are rather duration of the supply from British mines should be
Is it likely from the present outlook that raised in connection with the recent and still existing
declining.
though in a moderated degree— scarcity and high
the prices of iron and steel can remain low during
the next two years, or the demand for them be other price of coal. No authoritative estimates of the
than abundant? That is a question seriously occupy- quantity of workable coal yet remaining have been
ing the minds of men immediately interested just presented for many years. There is reason to believe,
now, and the disposition to answer it negatively ap- however, that if a thorough investigation were now
made it would reveal a very much larger quantity
pears to be gaining strength.
—
••
—
It is interesting to notice
the excessive apprehen-
still
sion of a deluge of American iron and steel which at
times has been entertained in the English markets
As a matter of fact the
since last midsummer.
quantity of pig iron and steel billets imported from
the United States into this country to the end of
October in 1900 was less than in the corresponding
It
and August of
when American
last year,
is
true
In various directions the area of
existing coal fields is known to be much more extenThe Sauth Yorksive than was formerly supposed.
shire and Nottingham fields, for example, are now
fifteen years ago.
and further north, the Durham and Northumberland fielda
are found to run to an unknosvn extent under the
North Sea. From time to time also seams are discovered in some districts lying below what was imagined to be the lowest coal stratum. Still, some
alarm has arisen on this subject during the last
twelve months, and it is to be brought under discus-
known
that during July
period of 1899 or 1898.
prices
had
much below those current on
volume of contracts was placed in the
United States by British buyers for pig iron, steel
billets, ship plates and even rails.
These contracts
not
were
fulfilled until the last two months of the
year and later, but both when they were entered into
and when they began to be executed they made an
impression which the dulness and the sensitive condition of the British markets only partially justified.
fallen
this
to a level
available than the experts calculated even ten or
side, a fair
to spread eastward into Lincolnshire
next Session. A
motion will be introduced in favor of an export duty
on British coal. The support of Chambers of Commerce and other bodies has been sought in favor of
this movement, but as yet it seems to have received
The practical effect was, however, that the alarm little countenance. The Manchester Chamber adopted
created by them hastened the decline to the low level a resolution in answer to this appeal to the effect thAt
prevailing in January.
in view of the great importance and complexity of
By the courtesy of the Statistical Office of the Lon- the question and the large amount of information
don Custom House
sion
am
enabled to give particulars
not recorded in previous years of the quantity of steel
rails imported into the United Kingdom from each
source during 1900. The following is a summary of
these particulars.
I
of
the House of
Commons
essential for its proper discussion,
declined to come
any conclusion. It is reasonable to suppose that
the motion will evoke little support if the present
downward tendency of the prices of fuel should
continue. They have already fallen much below the
to
'
it
THE CHRONICLE.
412
[Vol. LX2II.
thus six times as large. This device has other values
Few people expect, however, that they as well, but its insurance value is that it tends to do
declining.
four away with light wells through floors ; attempt has also
will go back to the low range current three or
The following figures show the quantity, been made to introduce a wire mesh into this glass as
years ago.
the value and the average price per ton of British well. The framing of wire glass is not less important
to a fire-resisting window than the direct union of
coal exported in each of the last three years.
COKE).
glass
(INCLUDING
with wire, and the committee is not yet ready to
EXl'OETS OF COAL
Aver, value
per ton.
definitely adopt any standard pattern ; indeed, the
d,
s.
*
Tons.
ultimate standard is not found yet for any part, but
9 11
18,135,502
36,562,796
1898
the century begins with positive knowledge that a
8ifl
10
23,093,250
43.111,404
1899
9
16
38,606.446
46,108,011
1900.!."!!!!
glass *'wall" which will admit light and exclude fire
for
shipped
were
there
exports
these
to
addition
In
is
level current at the beginning of
1900, and
are
still
practicable.
the use of steamers engaged in the foreign and colonA committee report gives prominence and detail to
tons in
ial trade 11,264,204 tons in 1898, 12,226,801
the practical drawbacks of sprinklers. Being at the
1899 and 11,752,316 tons in 1900. The falling off ceiling, and thus in the most impure as well as the
shown in last year's figures is generally admitted to hottest air stratum, the sprinkler head is subject to
be a consequence of the extremely high price of Brit- corrosion, either acid or alkaline, from vapors given
ish coal, which induced steamship owners to lay in off in many factory processes, thus causing the parts
bunker coal at the ports of other countries, par- which should be readily separable to become sealed
ticularly those of the United States, as often as together; even the fusible solder, which is the essence
practicable.
of the device, is sometimes affected, portions of it
becoming insensitive. In some factories fine dust
DEVICES settles ; in cement mills this dust becomes solid like
FIRE
THEREIN.
mortar in presence of any moisture in sugar reThe National Fire Protection Association, now in fineries a hard coating of sugar is deposited where
its fifth year, admits to associate membership indi- varnished articles are dried by heat (necessarily a
viduals engaged in fire insurance business, its present place of hazard) a hard varnish coat gathers on the
membership of that kind now numbering only two "head," and so on. Looking over this one report
dozen ; its active membership consists of stock fire gives a new idea of the number and difficulty of the
insurance companies and representatives of such practical problems presented, and it is no longer
organizations having charge of the improvement and strange that "sprinkled risks" sometimes fail to meet
the inspection of risks; ''mutuals*' are excluded. expectation when the test comes.
The published proceedings of the fourth annual conA report on " fire inspection by the assured,"
It
us.
vention, held last summer, has just reached
covering only a few pages, is suggestive of an ideal
committee
of
consists
and
comprises 214 octavo pages
condition which is still far distant, yet must be drawthereon.
discussions
and
subjects
various
reports on
ing nearer. A form for the weekly report of superinThis is too bulky and technical to be considered in tendent and engineer and one for the night watchdetail, but a few topics suggest mention.
man's report happen to be followed by a story about a
rewhich
was
wire
glass,
One of them is that of
night watchman which may be left to supply its own
in
preventive
devices,
modern
other
among
ferred to,
comment. The underwriter who tells it once had
an article in The Chronicle Aug. 4, last. Three occasion to climb up to a valve controlling the water
companies are producing this glass, each by a different supply for the sprinklers in a picker-house, and found
One is known as '^ sandwich," the wire the valve closed ; in following up inquiry why a valve
process.
mesh being laid between two sheets of glass closely intended to remain open was found closed, he learned
after the manner suggested by the name ; one process, that the night watchman had been in the habit of
called the " besto," also makes a sandwich but coats closing this valve at midnight, supposing that he was
the wire with asbestos ; the third is called *' solid,'' thus obeying an order from the superintendent to
the wire being placed in the centre, the wire-laying shut off steam at that hour. Of his own senses and
and glass-casting being done simultaneously and re- wit he was unable to distinguish between a valve in a
The committee cold water pipe and one in a hot steam pipe.
sulting in a homogenous product.
''
possessing about
But, after all, the most interesting portion of the
speak of these three methods as
product,''
and the report of these proceedings is that which bears upon
the same merits in the finished
seem
would
that
the as- the functions of the organization itself. We have
it
is
yet
weighty
opinion
;
bestos coating can hardly be necessary, since the glass been strongly impressed with the necessity of breakitself, so long as it is held ia place by the wire, pro- ing up the prevalent notion that insurance premiums
tects the wire from fusing by excluding air from it are a compounding for the lack of care if not an
just as the vacuum in the incandescent electric bulb actual purchased indulgence for recklessness and of
somehow forcing the self-interest of the propertyprotects the slender carbon filament.
One thing we omitted to mention before is that the owner to come over to the side of fire-prevention ; so
complete protection of combustible materials within strongly has this impressed us that we have been inagainst heat transmitted through the glass requires a clined to hold that the insurance man, merely in his
double window with an air-space between and pro- capacity of underwriter, has little to do with condiWe also omitted to mention tions except to note and conform to them that he is
vision for circulation.
prism glass, a modern device lighting interiors which to take things as they are and make rates accordYet the President of this Association distinctly
is claimed to be so effective that a test made at the ingly.
Institute of Technology in Boston on behalf of the condemns this view, and very forcibly, too. AdmitFactory Mutuals showed that a strip of ribbed or ting that premiums must meet the conditions, he also
prism glass 2x12 inches actually transmitted light avers that unprofitahle risks and classes have never been
To illusbetter than a plain glass plate 12 inches square and made profitable by simply advancing rates.
PREVENTION AND SOME
;
;
—
,
8
March
2,
THE CHRONICLE.
1901.]
he says that rubber factories were,, up ^to fifteen
years ago, very unprofitable, although rates were
moved up until they averaged four to six per cent
this was considered prohibitory, and a study of the
case began, which became so successful practically
that such risks are now written freely and profitably
Similarly, boot and
at lees than one-half per cent.
shoe factories were extremely unprofitable up to 1885,
but a similar study to find causes and remedies has
brought a fair profit out of less than one- fourth the
former rate. The purely selfish interest of the comtrate,
;
413
In our article of January 19 we estimated that if
we could have returns from all the roads in the country, the increase for the whole United States system
The
of mileage would aggregate 125 million dollars.
to-day
point
give
to
an
we
increase
compilations
As
slightly less than that sum, or say 120 millions.
to the net, we should judge that complete returns
would make the aggregate of gain for all the roads in
the country about 32 million dollars. An improve-
ment
and
of 120 million dollars in gross
dollars in the net
is
of 32 million
evidently a result which
exceed-
is
As a matter of
panies, he says, lies in improvement of risks, for ingly gratifying
*' profit is made in eliminating the causes of fires, and
fact, however, these gains are cumulative and progresin increasing facilities for extinguishing them, not sive, forming part of a movement which has been
when taken by
itself.
proceeding steadily year by year. In other words,
ITnderwriters are the natural leaders in discovering the increases for 1900 come on top of successive inand constantly pressing the use of practical means for creases in all the years preceding back to 1896. Here
reducing fire risk and fire waste ; their business, un- is'a statement bringing out that fact.
in
advancing
like that
direction,
rates.
'*
of the general public, turns
and
it is
them
in that
highly encouraging to be told that
along the same
line.
To patiently yet firmly impress upon the public
that the substance of indemnity depends upon adeexperience proves their interest to
quacy of rate
;
lie
that every item of unfavorable con-
ditions either in the risk
itself
or in the treatment
must inevitably find its way into the bill of expenses
which the public have to pay ; that there is a common
interest which demands reform in the place of real
cost, to- wit, fire loss and not insurance rates
this
—
is
the task
Grou
Tear i,
No. of
Tear
roads.
Given.
rear
PrecnUng.
-
12 mos
•9r (206)
1,007,540,'»H
Net Barninai
Barninttt.
Increase or
Decrease.
Tear
Tear
Jncreatt or
Given.
Prectdln'j.
Decrease.
'
i
»
935.399,238 -)-72,141.53f 328.009,458 :n3,7«0,569
'91(21H) 1,103.636,503 1,056.568,923 -|-47,067,5H0 ,353,3.' 3,91
8,88»
330,797,494 -1-22.556,424
'92(210) 1.083,688,637 1,027,294,855 +56,393,782 |345.840,027 338,133,576
967,538,272 984,058, :i70 -16.520,098
'94(206) 969,003,527 1,091,975,721 -122972194
958.334.064 -1-61,740,68*'
'95(209)| 1,020,074,752
—808,862
'99(204) 1.011,120,89 i 1.011.927,754
•97(190) 1,092,732,890, 1,037.511,872 +55,221,018
'93(198)
"$
-(-14.21
-1-7,706,458
1297,907,026 308,336,867 -10,429,642
91 ,802,707 332,128,310 -40.323,603
315,a88,153 288,936,541 +26,451.609
301,319,169 306.622,527
5.303,8£8
•<
—
349,166,347 313,247,128 -1-35,919,219
'98(182) 1,180.005,798 1,112.417,905 -1-67,587,893 372,991,644 350,996.889 -1-21.994.665
'9fl(172)| 1,284,994.19]
l,ie2,870,08'- -1-122624103 425.887,194 376,703,848
-H9.183.346
'00(181)' 1.447,480,898 1,840,069,724 -1-107421174 473,107,700 414,642,300 -t-2?,5«6.400
Thus it will be seen that the improvement of 107
and 28 millions in gross and net respectively in 1900
set.
RAILROAD GROSS AND NET EARNINGS
FOR THE CALENDAR YEAR.
.
(taking only the roads contributing
returns) follows
122 and 49 millions improvement in gross and net in
In our issue of January 19 we Jprinted a compila- 1899, 67 millions and 22 millions in 1898, and 55 and
As stated above, we estimate
tion and review of the gross earnings of United 36 millions in 1897.
States railroads for the late calendar year, based on that if allowance be made for the roads not repreearly preliminary returns.
To-day we are able to sented in our tables, the aggregate of gain in gross
present statements covering both gross and net for the late year would be raised to 120 million dolearnings. As in the article referred to we discussed lars and the aggregate of gain in the net to 32 million
at length the conditions
and influences affecting and
controlling the year's results,
over the same ground here.
not necessary to go
We therefore proceed
it is
directly to give the totals.
In like manner we computed on previous occasions the increase for 1899 for the whole United
States system of roads at 140 millions in gross and
at 55 millions in net ; the increase in 1898 at 90 millions in gross and 30 millions in net and the increase
in 1897 at 75 millions in gross and 45 millions in net.
Hence for the four years together (since the Presidential election of 1896) the total addition to the gross
has been 425 million dollars and the addition to the
net 162 million dollars.
What a wonderful record of
recovery and expansion this marvelous betterment of
revenues, gross and net, represents, and what a
change it has wrought in the intrinsic value of the
dollars.
;
JanvMry
1 to
December
(181 roadt.)
Miles of road
Gross earnliurs
Operating expenses
Neteamlnes
Increase.
31.
1900.
1899.
Anuywnt.
iea,98i
158.146
t
$
4,835
Per Cera
8"oa
«
107.481.174
8-02
e74,873,l»h
895.517,424
78,856,774
8-81
47S,10\7O(
444.643.S00
28.665.400
6-43
1.447,480.89- 1,340.069.724
The salient fact disclosed by the foregoing is that
during the late year there was an addition of no less
than $107,421,174 to the gross earnings of the roads
reporting and an addition of $28,565,400 to their net
earnings, the former an improvement of 8 02 per
cent, the latter an improvement of 6'43 per cent.
These
securities outstanding
on these railroad properties.
^Passing to a consideration of the 1900 returns by
months,
found that the ratios of addition
the year were much larger than
it is
in the
in the
show that a larger proportion than usual first half of
of the gain in gross was absorbed by augmented ex- second half that indeed in the latter period there
penses, but the result is satisfactory nevertheless. were some months with losses, at least in the net.
Our totals are based only on the roads from which we The first half comparison was with a period of very
have procured returns, and the mileage represented, unfavorable weather conditions in 1899 (the blizzard
it will be observed, is 162,981 miles, which compares in February, etc.); the weather in 1900 having been
with 158,146 miles covered by the same roads in the mild with very little obstruction to railroad traffic,
previous year, thus indicating an increase of 3'06 per the circumstance counted as an important factor in
cent in the extent of road operated. We have the the comparison between the two years, along with the
figures for 13,000 miles more road, but only as to the activity of trade and various other favoring condigross, these roads not furnishing repoits as to net. tions.
The last six m«nth8, on the other hand, comAnother week we shall combine the two, affording an parison was with very large totals in 1899, while at
even more comprehensive exhibit as to the gross than the same time trade was less active (owing to the
we are able to present to-day.
Presidential election), and the failure of the springfigures
—
.
..
..
THE CHRONICLE.
414
[Vol. LXXII.
wheat crop in the Northwest] was a further adverse The losses in the gross, it will be seen, are confined enIt is noticeable that in December, following tirely to the Anthracite Coal roads, while those in the
feature.
the November election, there was an immediate re- net are made up chiefly of these roads and Northturn to greatly enlarged percentages of increase. We western and New England roads.
subjoin herewith the monthly record.
PRINCIPAL CHANGES IN GROSS EARNINGS IN 12 MONTHS.
GROSS AND NET EARNINGS
—
.
Increases.
Net Earnings.
Gross Earnings.
Month
P.C.
Increase.
1899.
1900.
iTic.orDec. P.
1899.
1900.
c.
$
$
$
$
«
Jan... 88,695,174 71,503,381 12.191,793 17-05 85,599,845 19,908.76-i +6,691,078 28-59
Feb... 78,103,708 65.071,070 18,032.63- 20-03 22,363,528 16,315,834 +8.047,889 37-07
Marcb 87,812,142 77,925,845 9,916,297 12'73 27,?68,228 24,729.944 +3,136,284 12-68
10,835,636 14-17 24,184,618 21,176,362 + 2,95«.2E6
9,424,461 12-10 25,996,058 24,270,457 +1,726,601
8,298,0=0 12-60 22,943,006 20,508.215 +2,435,781
6-70 27,238,031 27,117.464
+120,570
5,629,62
April.. 83,291,68^ 72,956,046
May... 87,306,632 77,882,171
June.
74,168,671 65,860,591
89,621,995 «3,P92,370
Aug..
July.
E.
13-97
7-19
11-88
0-44
7-,58 34,006,748 31,997,101 +2,008,647 6-28
2-40 35,039,21C 36,753,668
-734,4 5^ 2-00
0-35 39,003,259 39,97i',3e0
-976,101 2-44
3-28 34,871,728 34,223,02t
+648.708 1-00
98,759,85'- 91,813,066
6,915.802
Sept. 99,405,329 97,079,916
Oct... 1055.'6418 108?90268
Nov.. «.600,46.S 92,649.508
2,325,888
Dec.
9,876,368 11-80 83,920,110 20,064,709 +.3.955,401 13-20
872,856
3.041,065
97.288,221 87,406,868
Note. —The niimber of roads included In January was 117; In
February 129; In March 132; in April ld3; in May 135; in June 104;
in July 123; in August 135; in September 134; in October 137; In
November
and
133,
Arranging
in
December
124.
we
find that as
concerned the Anthracite Coal group
the only one showing a decrease. This, of course,
far as the gross
is
is
reflects the miners' strike in
The Northwest group
Chic. Burl. & Quincy.
Northern Paoitio
L. Shore
Mich. So...
Ohio. R. I. & Pacific...
&
&
September
aftd October.
records a gain notwithstanding
Alton
Louis & San Fran..
Ohoo. Oklah. & Gulf..
Denver & Rio Grande.
Mo. Kansas & Texas..
St.
Wabash
& Nor. Western ..
Canadian Paollio
Ohio. Mil. & St. Paul..
Mich. Cent. & Can. So.
Hooking Valley
Boston & Maine
Rio Grande Western
Pere Marquette
8av. Fla. & Western..
Central of Georgia
Texas & Pacific*
Kan. C. Ft. So.& Mem.
the spring-wheat shortage, but the ratio of addition is
Mexican Internat'ia..
than in any other group (not quite 5 per cent) ex- Mexican National a...
New England
group, thus making
it
evident
that such shortage was not without influence upon
The Southwestern group makes about the
revenues.
best comparison of any,
cent
;
its
increase being 13-66 per
the 1900 wheat crop in Kansas was of phenom-
be remembered, and the cotton
Texas and the Southwest in 1900 was also
much better than that of 1899.
In the case of the net, the presence of larger expenses due in part to liberal outlays for maintenance
and renewals and in part to increased operating cost occasioned by the higher price of materials and supplies
is plainly manifest.
The Anthracite Coal group, the
New England group and the Northwestern group all
have diminished net, while the increase for some of
the other groups is quite small. The summary for
the groups is as below. At the end of this article
will be found a detailed exhibit classified in the same
way and showing the figures for each road separately.
aUMMART BY GROUPS.
enal extent,
will
it
crop in
—
—
t
Covers lines directly operated east and West of Pittsburg and Erie
lines Increased $12,653,200 and on Western
The gross on Eastern
lines $3,084,800.
For ten months to October 30.
a For eleven months to Nov. 30.
b For twelve months to Nov. 30
*
PRINCIPAL CHANGES IN NET
Increases,
Pennsylvania t
$7,507,500
Atch. Top. & Santa Fe
4,450,335
Baltimore & Ohio
3,452,946
EARNINGS IN 12 MONTHS.
Increases.
$298,652
Chic. & North West...
297,466
Texas & Pacific*
284,387
Chicago <fe Alton
280,984
1,936,806 Mexican National o...
Missouri Pacific a
Union Pacific
Norfolk & Western
Lake Shore & Mich. So.
Southern Pacific
Bufi". Boch. & Pitta....
Northern Pacific
Chesapeake & Ohio...
Mt. Louis <te San Fran.
St. Louis Southwest...
N.Y. Central
1,527.284
1,513,051
l,37&,f61
1,072,539
924,769
843,156
813,077
742.740
700,1C0
691,173
680,221
629,830
572,285
570,050
564.113
529,492
529,287
528,533
451,846
430,977
397.400
396,210
394,584
350,551
328,428
300,854
Choc.Oklahoma&Gulf
Louisville
& Nashville
Hocking Valley
Houston & Tex. Cent..
Rock I. & Pacific
Lake Erie & West
Ohio.
Kan. O. Ft. So. & Mem.
Mo. Kans. & Texas...
01eve.Cin.Chlo.& St.L.
Sav. Fla. & Western..
Northern Central
Nash. Chat.
St. L...
&
Denver & Rio Grande
Southern Railway
Central of Georgia....
Pitts.
Oross Bamings.
SlCTION OB
Oboup.
Jan.
1000.
1 to Dec. 31.
$
$
82,100,753
8'>,822,737
1000.
1899.
$
t
26,290,611
Inc. or Dec.
P. 0.
lines. (16 380.258.022 346 228,854 120,698.197 107,096,426 flS.601.772
Anthra. coali 18 156,907,575 168,0?4,03B 34,032,581 40.475,251 -5.542,667
12 70
(8)
1
23,778,003
Trunk
Middle
(22
39,027,164
Mld.We8t'n.(41i 105,154,653
85,455,6(1^3
12,857,976
11,173,007
92,643,476
83,2-14,849
30,841,872
193,710,676 185 053,740
Bouthwest'n.(23) 163,780.162 135,291,856
67,186,090
67,691,708
Korthwest'ndS
+1,681.069
+8,442,977
0-65
13 69
15 06
7 92
56,027,263
—526,618
45,541,876 +11,C85 377
43.311.961
41,494.381
+1,847,601
4-45
25.293,759
24,149.256
+1. 144.600
4-74
41,141,723
39,480,819
+4,860,904
11-81
10,984.407
10,304,114
+680,293
fl-60
Total. flSlr'dsi 1447480898 1340059724 473,107.700 444.542,300 +28,585,400
6 43
North Piciflc(4
South Pacifle(»)
Southern ...(20i
Mexican
(4)
110,462,523
71,653,951
92,562,765
65,933 022
184,617,866 12l,C95,834
29.928,071
,
23,885.822
Mileage.— The mileage
Delaware & Hud. Co..
Mexican Internat'l a.
Peoria
&
Eastern
Total (representing
52 roads)
$137,644,397
Decreases.
Del. Lack. & Western. $2,455,012
N. Y. N. Hav. & Hart.
1,855,784
L.V.RR.andL.V.C.
Reading
24-34
above groups is as follows: New
England, 5,277 miles aKainst 5,261 miles in 1899; Trunk lines, 25,565
against 25,388 Anthracite coal, 6,410 against 6,410 Middle States,
3,321 against 3,167 Middle Western, 14,111 against 13,409; Northwestern, 30,168 against 29,161; Southwestern, 25,861 against 25, '295;
North Pacific, 18,131 against 17,290; South Paoiflc, 8,833 against
8,018; Southern, 21,017 against 20,555; Mexican, 4,287 against 4,192;
grand total, 162,981 against 158,146.
Grand Trunk
Wisconsin Central
Boston & Maine
Canadian Pacific
Iowa Central a
Boston & Albany
&
St. Paul..
Ohio. Mil.
Cin. NewO. ATex.P..
N.
Y'.
Susque.
;
to the
& West.
1,690,989
1,162,724
409,720
406,614
389,739
372,581
370.498
3S0,849
300,293
249,699
217,704
Total (representing 16 roads).... $10,232,206
t Covers lines directly operated east and west of Pittsburg and Erie.
The net on Eastern lines increased $7,158,100 and the net on
Western lines increased $349,400.
* For ten months to October 30.
a For eleven months to Nov. 30.
b For twelve mouths to Nov. 30.
The following
the detailed
is
statement for the
calendar year referred to above.
EARNINGS OF UNITED STATES RAILWAYS JAN,
Aroostook. b
1900.
$
1 .334,716
Albany.b....
».,855.627
New England—
Bangor &
Boston &
Boston &
Bos. Kev.
separate roads, the increases
are again of very noteworthy proportions,
(8 roads).... 82.190.753
Trunk Lines—
Baltimore & Ohio.
b4( ,910.324
B. * U. Souttiw
Clev."01n.Ch. & St.L.a 17.402,692
Peoria & Eastern.a. 2, ,404 013
Erie.n
as indeed
would be inferred from the magnitude of the gain as a
whole. There is no occasion for making specific mention of any of these increases, so we present herewith
our usual list in tabular form, indicating all changes,
both losses and gains, amounting to over $200,000.
1900.
$
Grand Trunk
Det.Gr.H. & Milw.i;
Lake Sh. & Mich. So.b
Mich. Cen.&.Can.So.a
"
37, ,273,157
22, 185,325
915.974
26. ,186.612
16, (515,000
TO DEC.
31,
74,384
l",8i 9
148.251
10,916,829
47.1^5
80,822,737
1899.
$
38,252,712
23,778,903
26.290.611
1900.
$
14.912,876
1899.
15,612,824
2.082.078
5.071,687
811,201
36,800.4 09
9.4 27,4 "vS
21.609,879
920,608
23.613.945
7,2^2.725
186.951
9.867,8 M
3.50",000
20,691, e.S6
1,657.811
29.802,562
)3,3i",6n3
.
iscg.
$
1,098.559
9.ei8.0i3
Maine. b ...*30,,183.291 *39.128,813
887,207
341.800
B. & Lynn.b
38.' 84
40.357
Bridgton & Saco Riv..
7,S1,«07
881.471
Cent'l New England..
N. Y. N. Hav. & Hart. 39, 598.519 3P.58B.046
119,566
82,075
Somerset
Total
1
-Net.
1899.
Inc. or Dec.
$
413,315
+100,961
—3=0,849
3.681.641
*9,076,I48
-3^9,739
—638
7».917
12.993
-2,184
18H.137
-.S7.8>?«
12,822,613 -1,855,784
22.819
+24,300
(jfross.
,
1900.
$
514.3'"6
3.:«0. 92
*8,68rt.407
;
With reference
&.
0-78
for the
;
& West'nSys.*.
278,200
264,451
258,843
250,428
225,288
Phila.Wllming.& Bait.
Pere Marquette
Net Bamitifls.
1890.
$
-2.511.708
NewEng
Sys.'
Colorado & Southern.
Toledo & Ohio Cent...
905.058 Leh.V.RR.andL.V.O.&' $542,066
441,353
837,946 Reading
437,359
792,226 Del. Lack. & Western.
785,464 N. Y. Susque. &. West.
281,243
784,653
745.054
Total (representing
740,804
$1,702,021
7 roads)
less
cept the
Grand Trunk
Pitts. & Western
$735,600
709,703
612,924
612,000
607,851
575,446
515,112
488,317
484,219
472,748
4 56,653
442,672
424,978
376,200
360.451
321,965
312,564
306,480
276,169
274,771
271,622
270,S48
261,863
261,859
260,421
260,055
230,017
228,156
.
Norfolk & Western....
Missouri Paci tic a
Louisville* Nashville
Chesapeake & Ohio..
Cleve.Cin.Chlc.&St.L.
Mexican Central
Buff. Boch. & Pittsb'rg
Chicago
Phil.Wilmlng. <feBalt...
St. Louis Southwest...
Nash. Chat. & St. Louis
Northern Central
Houston & Tex. Cent.
2,900,251
2,874,661 Erie
2,852.587 Lake Erie & Western
2,682,385 Chlo. Great Western..
2,342,560 Chic. & East Illinois..
2,101,722 W. Jersey & Seashore.
1,949,270 Yazoo & Miss. Valley.
1,863,264 Peoria & Eastern
1,789,868 Denv. & Southwest'n..
1,621,813 Delaware & Hud. Co..
1,595,040 Indiana 111. & Iowa...
1,411,413 Clev. Lor. & Wheel...
1,352,469 Ban Ant. & Ar. Pass..
1,333,733 Chic. Ind. & Louisv...
1,323,441 Central of New Jersey
1,291,100 Kan. C. Mem. & Blrm.
1,251.199 Ohio River
1,244,327 Duluth& Iron Range.
1,222,802 Gr. Rap & Ind. Sys..
1,124,966 Bangor & Aroostook..
1,110.938
Total (representing
1,063,438
83 roads)
$105,100,924
1 ,054,478
911,635
Ohio.
roads in groups,
the
Increases.
Pennsylvania t
$15,738,000
Baltimore & Ohio
6,657, bl2
Atch. Top. & Santa Fe.
6,411,147
Southern Paoiflo
4,656,142
minois Central
4,591,804
Union Paclflo
3,707,662
N. Y. Central
3,160,086
Southern Railway
2,906,162
16,.'>04.f62
N. Y. Cen.& Hud.R.b 65, 322,135 &2,162,04tf
6,919,984
N. Y. Chic. & St. I..b.. 7, 023,367
Penn.-Bast P. & B... 85. 575.912 72,922,712
West Pitts. & Krie.. 47, 3f8,443 44,183,613
ro 824,631 r5.31-i.038
Phila. & Erie.b
Pitts. C.C.& St.L.arlS,,935,728 rl8.104,423
16,,895,14»
16,643,949
Wabash. b
—2 511,708
Inc. or Dec.
$
11,489.930 +3.452,946
4,619,"41
685,913
9.S8M.204
7,632.446
V43.H77
8.492.V90
+451.846
+225,288
+ 38.254
-40
'.720
—56.926
+1,375.561
3,499,948
+54
20.0(10, 1 02
+8fl1,173
1,5311,404
+127,407
22,144.1K2
+7.168,100
12.9-i», 163
+34-*,400
r2,146.8>"8
r4,9 39,193
rl.72rt."40
r+4 19.948
r6,043,lb9
r— 113.996
4,677.977
4,*79.58'i
+198,389
Total (16 roads)... 360,258,022 346,228,854 120.698,197 107.096.426 +13,601,773
a
b
March
9
1900.
$
Anthracite Coal—
Cent, of N. Jersoya...
Delaware & Uudsoua
—
Susq.b.... r4,7<)3.7l6
& WeHt...b
.V.Y.I.ack. & We.st.b
Syra. Biiig. & N. Y.b
1899.
1900.
15,691,199
6.153.15^
0.129,284
rW33,4n9
i
16.8.">3.082
19, 87,7-14
Keusg. & SaratoKa.b r.i,rt4fi.'J76
N. Y. & Caiiada.b... (1.180,079
Del. Lack.
20,887,7rtS
r7,60i».617
r»60,06y
LehiKh Valley HR.II... 2,S,049,2Ha
Lelilgti ValleyCoal.il.. 18,a7»,659
N.Y. Ont. & VVeHt'n.a 4,b:!8,160
N. y. Su»q. & VVest.a. 8.32ti,108
Phlla. & Keadlug.b... 2J.1.S7.810
Z5.160.107
Coal & Iron.b
l».0»l,2r,4
rZ.bfO.Oai
yet.
T— 10,3", 7
r+49.0l9
r 4, 602 7:29
T2,5i)6,l:i8
21,335.122
r?, 018,327
T93i,212
2a,«69,iei
7.131.821
9.589,1133
r.'J.13l,H3t
r3«3.li9
.••l.«08,«fU
19.211,74*5
(iol.yHM7l
4,87H,932
2,607,351
1,44 0,3 !'
91.1,622
9.'j20,391
r-t- 268.605
—2.455,012
r5 0,1 33
6,098,219
59,480
1,6JZ,32H
1
I.l3:f,326
-1,201, 35«
WU,O.U
I81.Ki9
—2 17,' 09
-222,075
—910,649
-5.512,887
147.979.393
872.479
34,9i2,581
40,475,251
1900.
»
t
32,818
86,687
Nevada Central
3,S87,596
Bio Grande West'n.b. 4,799,231
99.1,698
947,571
ten Fran, k So. Pac.a
65,738,8(J7
•11.072,165
Southern PaciUc.b
Centrnl Pacillc.b....rl".743,0(i2 rl8.')K4.152
Gal.Har.&S. Aii.b.. rfj,33'.y47
Louisiana West'n.b rl 489,.-59
M'gaus La. & Tex.b. r7,-^93,933
r281,566
N. Y.Tex. & Mex.b.
Texas & N. Grl'ns.b r2,26H,459
—
&SuMqueban.n..
Cent. Penn. & WeMt'n
Cornwall & Lebanon..
Cumberlaiii Valley.
Hunt. & Broad Top.
Lehigh
& Hudson. b...
liouK Island. b
189.831
66.h95
141.612
38.463
43.949
5.869,61)0
868,927
21,513
277,747
1,052,378
643.^04
433.1i)8
4.615,101
Newb. uut.&Conn.b.
New Jersey &
N. Y...
153.i:04
331,373
Northern Central. b... 7,845,448
Oi:deii.& Li.^Cbaiup.b
003 239
Phila. Wilm. & Balt.b 11.374.049
Penn. & NorthweHt'n.
701,577
Ulster* Delaware. b..
5H6,I59
W. Jerwey &Sea8h.b..
York Southern. b
Total
,'22
3,490.358
9^,i.9i4
roads).., 39.027.154
1900.
Middle Western—
Ann Arbor.b
Chicago & Alton a...
CB1C.& Bast Uliiiois.b
<^hic. 4nd.& Louisv.a.
Chic. Junction Itys.n.
Chic. Terra'l Transp.b
Cln. Portsm'h & Va.b
CleT.Lor.& Wheel'g.a
Detroit & Mackinac.a
Blgin JolletA Kast.a.
Kvansv. A Indianap.b
Kvansv. &T. Haute.b
Flud.Ft.W.&West.b.o
Hocking Valley. a
I
1731,601
8.567,.374
5,32.3,016
4.139,939
4,154.481
l,3rtl,27.'»
888.288
2.108.704
&
35.455.583
lowa.b.
33,6';7
.S7.771
17.718
15.563
21,014
9,770
1,534,829
3t9,616
— U9,413
— l.35e
dof.t;49
-33,910
246,'
274.051
231,621
1,278.723
1,16.'.,277
+113.416
32,880
103,399
2,.«8,137
185,795
3," 82,021
277.479
182,378
»34,116
25,359
43,144
96,362
1,950,737
193,629
.-i0.7''4
108..338
631,591
273.531
754,910
101.149
660,838
14.574
1,889,128
9.634.266
535,990
24.395
170,332
1.379,386
21,690
83,219
+924,709
1^9,634
336,072
3.787.S05
—
247.412
208,330
1,833.933
61.408
+l,''78
4.144
— 3,328
+^',793
105,691
1900.
t
404,r45
2,909,081
2,199,243
1.488,126
3,086,005
737.401
678,8fc5
-15.215
260.0145
12,857.976
7,155,961
4,808,068
3,M«H,981
3,977,139
1.237,336
717,184
4.li41,3H0
68,808
16.551
290,103
def.2.101
1,6.55,988
1,791,135
383,761
1.406,068
109,214
3,577,922
30,095,899
1,042,237
33«,3o0
1,417.819
98,583
51.593
21.<29
2,15:^.398
1899.
$
888,138
3»,887.703
1.318,406
63.773
Kanawha & Mich. a...
854,427
Lake Erie & West'n.a 4.248,954
Mauistique
108.728
111.
302,118
82.672
141.351
39.191
85,127
4.071,680
791.798
22.659
253,616
960,283
034.480
464,857
4.507.7 8i
157.052
310,382
7,233,148
633,620
10.«'. 38,419
870,240
437,404
3.114.1S8
81,337
1,945,354
Illinois Central. a
Indiana
Iron.b
Inc. or Dec.
i
1899.
*
Bellefonte Ceutral.b..
Koch. & Pittsb.b
Buff.
Buff.
1900.
1899.
190O.
H,0(i2
+
—
93
i6.toy
-2;i.:;wi
+6.047
-1-397, «0J
-7,834
3,50:i.M21
+2:8.2(.'0
300,841
13^,-19
872,116
a7,3i9
+16.635
+46, .57
+62,000
-1,970
11,176,007
+1,881.969
Inc. or Dec
$
1899.
*
481,791
'
—57,146
+2H4.3'7
-50.343
2,684,694
2,249,486
1,125.230
&
Indlana.a
r2.fl61.4.38
)-2.484.384
Mus. O. R.& Ind.a
Traverse City.a...
Cin, U. &Ft. W.a.
rl45,098
r55,510
r5l4,113
3,376,182
541,629
193,917
593.736
106,677
176,135
1,119,524
1,935,787
rl39,067
r48,794
r494,020
3.146.165
Tolal.a
& Musk. Val.tt.
Pitts. Cbar. i Y.a..
Cleve. & Mar.etta.a
CIn.
Waynes b.&Wash.a
Cln. Leo. &Nor.«...
Tol. Peo. & West.a.
St. L, Van. &T. H..
E. St. L. & Carond.a
T. H.& Logansp't.a
Cleve. Akr.&Col.a.
NewD. & Cln. B'Ke.a
156,82
817,457
1,078,257
157,155
2«3,286
187,928
807,9rt0
71,593
159,317
1,023 376
1,854,179
146,e4i
2.012,7H
+42.363
—24,014
+12,548
+125, VHO
+31.2,3
—10.215
-aO,M-6
+15,763
761.115
93,790
506,311
242.2.58
765,156
13.5.085
615,0;5
2.833
1,316,841
9.631,(84
Total (41 roads). ..105.154.653
93.613,476
&
&
Indianap.
Peoria....
Toledo & Ohio Cent.a
8,27.(,852
1900.
Northwestern—
80,961
158,375
212,795
125,337
91,435
1.96.5,424
1,276,408
-(-3,)82
+177,99il
def 1.308
+26,701
122,546
819.n94
2.829
+47,78t!
+529.492
+18.801
0.38'.».346
40,569.630
2;,619,8<3
4.081,687
8,407,438
2,887,053
2,801,533
4.639,3111
1.3ri9,F28
5,536,8ii9
Total (13 roads)... 193.710.676 185,055,740
South-wMtern—
Arkansas Miclland.b.u
1900.
FtVV.& RioGrande.b
1,260,843
17,430,392
2.148,021
13,711,314
15,141,875
8,70i,v-66
1,9«9,590
929,135
367,443
1,312,677
2,105,521
389.844
5':i.495
Valley & North..
.''84,411
lIous.A Texas Cent. b 4,398,915
K. C. Kt. S. & .\lem.a.. 6,1-«,104
Kan. City Northwest.
390,«14
Mo. Kansas ,Sk Tex.a.. 13,495,304
Missouri Pacittc.i- ... 87,6l4,«3a
Rio Grande Junct'n..
661,132
Rio Grande Soutli'n.b
648,201
St. Louis A 9. Fran. b.
9,027,310
Texas &
7.291,108
Pacltiot
North Pacific—
Canadian PaciQc.a..
Northern PaciBc b..
Paciflc Coast. a
Unlon.Pa iUc
Total
.
.
54-,>,a9l
W,4( 5
-3S9,-i80
+111,305
938,540
67,891,708
—525.618
1899.
$
dof.1.529
16.938.H37
694.876
Inc. or Dec.
$
+18,703
+4,450,:(35
3,010,511
4,031,885
9,714,723
8.171378
1096,869
1.208.151
3,571,111
1,040,099
1,610,653
487,636
396,393
3,785,064
5,338,761
357,767
12,204,201
35,513,208
148.357
503,225
7,674,741
5,845,651
63,160
387,019
234,922
215,991
388.180
203,170
257,362
1,634,783
2,184,837
77,118
4,203,464
9,474,256
168.336
1,061,673
+680.231
-14^,236
+394,564
+49.770
—1,161
+32,763
—41,371
+570,050
2.0i)4
633
1899.
t
t
29,830,0.39
87,860.795
6.271,011
5,186,378
.t33.893,216 t30,285,553
.
(4 roads)..,, 100,452,523
—
7611,733
1.101,373
20,379,172
1,376.097
1,068.916
3,965,695
1900.
30.463,841
30,735 458
—134,736
104,3 ;5
07,168,<;90
56,637,253
2,.308,245
898,'240
.
Inc. or Dec.
»
-.53,918
1,304,761
-1«.176
17,557,468
+ 9,270
2,138,751
-300,293
14,Oll,6o7
+3»x,653
14,846,033
+..64,113
8,140.853
1899.
«
+HS,471
-408,611
Total (23 roads).. 153,780.162 135.891.830
San. An. .t Ar. Pass.b
San. Fo Pres. .& Phx.u
Texas Central.a
l-3uO,8."i4
537,4ii4
— 156,ij0»
834,774
3'0,l3l
6,605.042
6,555,354
8i,994
121,675
92,137
1,700,973
976,564
330,773
248,816
3,896,303
2.6oo,573
41,562
671 5.'^
476 07
263,266
2,014,600
St. L, Southwestern.b
St. Louis it No. Ark.
297,3.56
3,261,5-29
$
U,174
92,662,765
'
1900.
»
1,0.55,550
-|-629,387
7.,«87
3,674,931
-^69
+528.5 3
7,5)7,4.50
+1.936,806
134.607
344,669
-+33.-29
l,9."i5,473
+4,247
+742.740
+700,100
34,842
440,9X4
+1.30,625
3,1.53,562
-t-7,330
+47,949
+133,797
+297,468
42H,0=>H
130,157
1,717,134
45,511.876 +11.085.377
1899.
«
13,3S0,1H6
11.867,585
14,492,343
16.335,499
1.413,893
,363,"34
14,185,241 tl3,357,wfl0
Inc. or Dec.
t
-372,581
-H*48.i66
— If0,358
1
43.341.968
41,4dl,861
r'3,43',723
rio.5,017
r2,4y8.16-<
r763,-23
rH, 929 317
rl8i»4,133
r+ 120,705
)l,114,34iJ
r6i2,01>!
r6,3'J0.337
r J, 44 1,696
/-1. 103.02 >)
33,293,756
24,149,25?
+1,144.6(0
6-5,933,023
448.5>-7
659,6'-
o7().405
5,78l,04'4
664,4,17
6,573,274
734,K07
101,071
14.4"8.700
Chesapeake & (Jhio.a.
Cln. N.O. & Tex. Pac.a 4.9S8.620
176,525
Col. Newb. Si. Laurens
14,267
Gadsd. & Alt. Union.
I,7e5,76l
Georgia. a
Ga. Southern A Kla.a. l,20-,e46
Kan. C. Mem. & Bir.a. l,«36.86l
Lexington & East'n b
34M07
64.5.9^8
Louisv. Hen. A St. L.b
Louisv. A Nashville. b 27,950,374
Nashv. Chat. A St. L.b
Norfolk A Western. a.
Ohio River. b
Rich. Fred. A Potom.
Sav. Florida A West.b
Silver Sp.Ocala A G.b
S
t
6'-5.612
Chattan. Southern. a..
19<J0.
1.998.687
8a«.211
4< 0,073
731,687
Central of Georgia. a..
Charl. & riavannah.b..
Macon A Birmingham
1899.
83,b06
13,619,4 38
4.836,754
1899.
f!02,898
s
616,536
246.515
18",»-.3a
-12,638
+8^885
+ii6,'>bl
—19,365
262,2''
9,410,940
def.-3.140
def.H9&
-4,242
2.437,897
2,041.«-«7
4 598.40!
+ 366,210
2,0.5'',732
158,' 08
def.- 9,219
4.9h7,592
1,370,»^9-.
1112,023
41'.133
11.018
1,6"9,425
1.(53.135
1.574.802
255,443
5.t 07
566.537
:;03.774
692.933
13(1.443
192.2-26
15,165,59.A
1,4.53.018
1'3,^33,(37
6.111.4.53
1,193 r97
502.218
4rt>i.!49^i
1.024,315
4,841,301
C31,075
4.003,255
300.210
40i'.318
373.739
1.048 192
182.710
248,128
Inc. or Dec.
<
209,171
1,730.304
153,581
def.20,003
4.1-4.615
1.520,604
44,(«6
4.918
527,119
291,917
iBC.f 94
90.' 21
192,8„7
8.781,1 '9
697. 5H8
26,001,101
69.861
6,474,261
90,200
7,087,185
r+72S,960
r+152,440
r+61,311
96,1-1
1-42.222
242.001
25>,099
r-74,74«
r-Ll'-S
rl(W,2'i;i
1.4' 9, 169
125.f61
41,579
273,976
+10,i,28
+3^8,1-28
+6,120
-9,216
+81 3,077
-34H.699
-1,904
+689
+30,40S
+11,«57
+132,839
+10.419
—631
+ 6i9.'-30
+
1,513 051
+33,220
+28.589
-t-43C.077
169.422
1.52.018
28
48.>-93
M63
5,139,711
1.912,837
1.871,170
-57.0J9
+3tO,6Pl
+14.027
+13,185
+71,467
Total (29 roads)... 134 517,336 121,095,834
44,141,723
39,4S0,819
+4.660.904
Southern Railway. a.. 32,381.5o5
780.8H2
West'n of -Vlabaraa.b.
Wri'/htsv. A Tennille.
Yai^oo Val. A Miss.a..
5.60
29,47.5,3)3
9.'
698,657
62.(
9.391,(128
259,019
1900.
Mexican Roads S
17,223,873
Mexican Central
Mexican Internat'l.v.. 4,904,145
1900.
1899.
1899.
Inc. or Dec.
*
$
15,li02,065
.5.873,683
5,199,091
+ 174.589
1,963,930
3.-81,394
265,400
1,713. 513
+250,428
7,184,846
615,203
4,159.031
6.444,042
680.624
3,100,410
291,108
+280,4-84
Total (4 roads)..., 29,928,071
26,885,822
10,934,407
10.304.114
+880,288
.Mexican National.!;..
Mexican
Northern.t)..
-25,708
Grand totalilSlrds)1447480898 1340059724
473,107,700 444.642,300 +28.565.400
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
V Figures and comparison for this road are for eleven months ended Nov. 30"
the December returns not being ready yet.
r Not counted in fontings. because included in earnings of the system under
which this road appears.
The Boston A Maine has operated the Fitchbnrg since July 1. 1900, only;
for the purpose of this comparison, however, wc Include the Fltchburg for the
whole of both 1900 and 1899. The Portland A Rochester is also included, but
only for the last xi.c months of 1900. and for no part of 1899.
• For ten months to October 31.
t In these tlgures the Union Paciflc proper (2,968 miles) is incladed for the
wkole 12 months from Jan. 1 to Dec. 31 in both years, but the Oregon RR. A
Navigation and Oregon Short Line for the last six months only of each year.
For twelve months to November 30.
II
+N31
+10,031
—84,461
+3,563
+2,388
+261.451
3,-208,H83
1900.
r.'jH<',o92
r7,oa7,9»3
—36.9.52
6'),130
147,641
2,
Alabama Midland. b...
Allan. Knox v.i No.a
Atlauta&W. Point. b
Brunsw'k & West'n.b
+
+6.581
l,>50i.369
$
<Jila
-f-4,747
+2.412.977
18! 9.
1
+2 M92
23.(52
45,'34
23m,512
577,334
30.S41.872
$
120.930
43,239,349
—19.405
-21,061
+86,843
4.5,534
707,254
1900.
110.156
Atch. Top. &S. H'e.b.. 49,650,498
Choc. Oklah.& Gulf. b 3,344,344
Colorado Southern .b. 4,510,303
Denv.& Rio (irandeb 11,088,164
Denver South west.b.. 2.4tt3.H42
Ft. \V.& Deuv.City.b 1,807,09
— 3I,H78
33.284.849
$
41,>i06,761
r-6,477
r+3.973
+r20,057
-H*.102
+3,5»3
+89,237
1899.
4.926,933
45,588,H0S
r-49,.530
87,927
618,017
$
Burl.C. Rap. & No.a.. 4,818,379
Chic. Burl. & (^uin.b. 48,489,lf.H
Chic. Great West'n.b. 6.832,018
Chic. Mil.&St. Paul.a 41.691,596
Chic. & No. West
43,051,- 88
Chic. Rock 1. & Pac.a 25.303,21 8
Uuluth & Ir. Range... 4.340,742
Dul.So. Sh. & Atl.b.. 2,5li7,97.=.
Iowa Central. b
2,335.892
Miimeap. iV; St. L.a... 2,971,160
Minn. St. P. & 8.S.M.. 4.703,041
St. Jos. & (ir.Island.a
1,3,53,030
Wisconsin Central. b. 6,344,481
f031,8l7
r46,073
r8.7»8
rl01,682
791.350
128,817
82,803
681,51-6
71,49i>
Southern Roads—
Ala. Gt. Southern. a...
l,634,08it
340,< 37
23,310.944
r7.3H3,3i5
rl,000,615
Inc. or Dee.
%
2.215
+ 6.510
1.574,815
+59 .-^05
33;;.821
+'i.816
22,2.i«.4 05
1,073.53»
r7,3 19,053
r+64,372
rl.3','H,064
r— 3^8,649
r47t,4'6
r+61,109
i
rl, 376.516
r2ltl,53l
rl,>-52,lfl2
1900.
$
2.0S8,148
1,010,890
$
8.755
1899.
+11.741
+572,283
:i57,991
.50,281
i>3H,073
5511,372
76ri,564
3.366.810
1,606,758
611,833
2,638,216
T. Haute
T. Haute
r40,5il6
rll,730
rl3l,739
759,372
103,412
71.748
132,811
42,244
51.3,237
962,B69
163.151
249,670
7,368,794
2,850,098
1,527,330
437,723
2,044,027
Louisv Bridge Co.a
Pere .Marquette. a
Pittsburg & West'nt.
r586.317
1900.
+H3,9ilK
Pennsylvania Co.—
G. Kap.
r6,02-',745
So, Paciflc of Cal.b..rl7,-3« ,486 rl6 311.308
r3,5.54.3f0
.So. Pac. of Ariz.b... r3.88-'.485
/l,973,-55
rio. Pati.of N. Mex.b r2,07l,610
Total (9 roads).... 71,55.3,954
—
Net.
1899.
South Pacific—
I— 1 355.0 i2
r— 12^,984
M,»y0.4H«
Total (12 roads)... 168,907,675 158,084,033
24,741' ,87 7
-Or OSS,-
r91-'.S36
(4»9,20»
r2 32H,.'):n
rl,081,O;31
415
—
1899.
Inc. or Dec.
»*
i
6,2i6.2S0
-93,092
5.-70.121
1-258, >5l3
9,242,160
1,613.128
Middle States—
Adirondack. a
Annap.Wa.sh.&Bult...
Baltimore i LeniKh...
Batb & MaminoudHp..
9
4
THE CHRONICLE.
2, 1901.J
—Gross.
Albany &
D
t
+1,127,284
+1,647,001
ITEMS ABOUT BANKS. BANKERS AND TRUST CD'S
—The sales of bank stocks this week aggregate 149 shares,
of which 87 shares were sold at auction and 62 shares at the
Stock Exchange. The transactions in trust company stocks
reach a total of 124 shares and were all made at prices in advance of those obtained at the last previous sales. The greatest increases in value are Real Estate Trust Co., 55 points,
Colonial Trust Co., 43 points, and N. Y. Life Insurance &
Trust Co., ',}5 points.
gKares.
Banks—JVew
Tork.
Price.
Chatham Nat. Bank
303
*12Commerce, Nat. Baakof
310
44 Merchants* Nat. Bank
188»fl
200
40Na88auBank
a Produce Exchange Bank, N.Y. 156»2
Trust Companies—JTctc Tork.
5 Central Traet Co
2010-2010»fi
400
9 Colonial Trust Co
4 Guaranty Trust Co
608
*50
10 N. Y. Life Insur. & Trust Co.. 1335
210
50 New York, Trust Co. of
35 North American Trust Co
270 271»9
355
10 Real Estate Trust Co
1 United States Trust Co
1701
.
*
Last Previous Sale
Dec. 1900— 307
Feb. 1901- 321
Jan. 1901— I8OJ4
Jan. ISOl— l&6ie
Jan, 1901— 141
Dec. 1900— 2009
Dec. 1900- 358
Feb. 19(»1— 604
Nov. li-OO- 1300
May IQdO— 190
Feb.
1901— 255
May 1900Feb.
3i.0
ItOl- 1681
Sale at the Stock Exchange.
—The Finance Committee of the Senate on Thursday submitted a report on the War Tax reduction measure, which
has recently been before the conference committee of both
houses of Congress, and the report was promptly adopted.
Later the House took similar action, and the measure will
become a law when it shall be signed by the President. It
provides for a reduction in the tax on beer and tobacco. The
tax of two cents on bank checks, certificates of deposit,
money orders and export bills cf lading is removed, as is
also the stamp tax on express receipts, telephone messages,
promissory notes, commercial brokers and telegraphic dispatches. The tax on bank capital and surplus remains unchanged, as also does the tax on stock brokers, on original
issues and transfers of certificates of stock (the latter being
amended to include bucket shop transactions) and on inland
—
THE CHRONICLE.
416
billa of
exchange.
duced one- half.
next week.
The tax on foreign
We
bills
of exchange is rethe bill
shall print the full text of
—
:
local purposes."
is
announced that Frank A. Vanderlip, one of the As-
sistant Secretaries of the Treasury, has resigned, his resigoation to take effect early in March. He will then make a
and it is reported that on his return he will
take a position in a prominent banking institution in this
trip to Europe,
city.
—The semi-centennial of the National Bank of North AmerNew York was celebrated on Tuesday evening by a
dinner at the MetropDlitan Club in this city, which was attended by officers of about one hundred of the leading local
ica in
banking
institutions.
and registration of stocks and bonds, and
it
fur-
chartered in
Jersey. While no announcement has been made
of connection between the North American Trust Co.
of New York with the North American Trust Co. of
New Jersey, all of the gentlemen who were the in"
corporators of the New Jersey Company are connected
with the North American Trust Co. of New York in one way
or another. It therefore follows, as stated by Mr. Thorne,
that the two companies are under the same control and the
same management and policy. Tde arrangement, in other
words, is represented to mean a combination' of the business
of ttie North American Trust Company (which, as is elsewhere noted, has agreed to absorb the Trust Company of
New York) with the transfer business and the corporation
business heretofore carried on by the above-named corporation trust concerns. It is proposed that the paid-in surplus
of the Trust Company of New Jersey, which is now $100,000,
shall be increased to $900,000. The corporation trust companies absorbed will continue to limit their business to corporate affairs, and to act as trustees for mortgages, bonds
and all classes of corporate securities. The broad provisions
of the charter of the North American Trust Company of
New York and of the charter of the International Banking &
Trust Company (which organization it absorbed some months
ago) are said to enable the company to establish branches in
various parts of the country, which branches will, it is represented, be managed by executive committees composed of
directors or other officers of the North'American Trust Company of New York. One branch institution, now known as
the National Bank of Cuba, has been in operation in Havana for
more than a year. It is suggested that aa part of the scheme
in contemplation by the North American Trust Co. of New
York, a realty concern may pass under the control of the
nishes
a registered
offije
for
corporations
New
The State Senate on Wednesday passed the bills taxing
insurance and trust companies and savings banks, and it is
expected that the Assembly will take action thereon next
week. Savings banks are taxed 1 per cent on the par value
of their surplus and trust companies are taxed 1 per cent on
the capital, surplus and undivided profits. It was reported
Thursday that the Assembly committee on taxation has decided upon an amendment to the trust company tax bill as
follows " The holders of stock in an incorporated trust company, liable to h^ taxed under this Act, shall not be taxed as
an individual upon that stock as personal property taxable for
—It
transfer
[Vol. LXXII.
Gold and
silver
medals commemo-
A
rative of the occasion were distributed as souvenirs.
letter of congratulation was received from ex President
Cleveland, and speeches were made by the President of the
bank, Warner Van Norden (who also presided), and by A.
B. Hepburn, S, V. White, J, C. Hendrix, John Claflin and
Col. J. J. McCook, Hon. Elihu Root, Secretary of War, who
was expected to be present, was unavoidably detained.
Mr. Claflin in his remarks paid a well-merited tribute
to Mr. J. Pierpont Morgan, saying he had "done more company.
Arrangements have been made by the North Amerfor the commercial world
than any man who ever
Mr. Claflin also referred to the benefits to ican Trust Company of New York to complete the liquidalived."
accrue from Mr. Morgan's organizatioa of
industrial tion of the Holland Trust Company of this city.
concerns. He said he was not one of those who feared
—Col. John D. Probst, of the banking house of Probst,
the effect of consolidation of industries.
With a man Wetzlar & Co., which was founded thirty years ago, died at
like Mr. Morgan at the head of a great industry, as against the his home in Englewood, N. J., on Saturday. He was born in
old plan of many diverse interests in it, production would be- Bremen in 1840, and at the age of six years came to this city
•
—
come more
regular, labor would be more steadily employed
at better wages, and panics caused by over-production would
become a thing of the past.
Wall Street career when
eleven years old as an errand boy, and at the close of the
Civil War bought a seat on the N. Y. Stock Exchange; at the
time of his death he was one of the Governors of that body.
In 1870 the firm of Peters & Probst was formed, which later
became Grymes & Probst, in 1878 J. D. Probst & Co., and
subsequently Probst, Wetzlar & Co. The firm did an extensive arbitrage business, and had large foreign connections.
Col. Probst was a director of the Louisville & Nashville and
of the Southern Pacific Railroad companies, and was a prominent citizen of Englewood, N. J.
with his father.
worth noting that on the day of the semi-centennial
the deposit line of the National Bank of North America
passed the twenty-five-million- dollar mirk.
statement
prepared as of that date shows that the deposits actually
reached $25,269,034 13. The bank has a capital of $1,000,000
and a surplus and undivided profits of $817,934. The aggre.
gate of its resources on the date mentioned was $27,810,958.
It is
A
—The Trust Company of New York— capital and surplus
$2,000,000-of which Willis S. Paine is President, is to be absorbed by the North American Trust Company of this city
He began
his
—
The number of the directors of the Bank of New York,
National Banking Association, has been increased from
thirteen to fifteen by vote of the stockholders, and George
H. Byrd arid George L. Rives have been elected members of
the directorate. Mr. Rives is a member of the law firm of
capital $2,000,000 and surplus and undivided profits $2,689,869— of which Oikleigh Thorne is President. The proposed
terms are the payment by the last-named company of $210
& Rives. Mr. Byrd was formerly a director, but he
temporarily retired from the board in order to give place to
Mr. Herbert L. Griggs, who is now President.
per share in cash for the stock of the Trust Co. of New York,
or $170 per share in cash and 18 per cent in the stock of the
North American Trust Company. The following trustees of
the Trust Company of New York will be added to the board
of trustees of the North American Trust Company : Willis
S. Paine, Warner Van Norden, R. L. Edwards, James Jourdan, Jonathan D. Cnrrey, Thomas P. Fowler, Henry F.
Olin
—While
the national banks in all the large cities of the
country show quite decided increases in deposits in their
latest return to the Comptroller of the Currency, the record
of the Chicago national banks in that particular is perhaps
the most noteworthy of all. Figures have been published in
the Chicago papers showing that the aggregate of deposits
of twelve prominent institutions amounted on Feb. 5 1901 to
Shoemaker.
—Mr.
Thorne, President of the North American Trust Co.
York, announced on Saturday last that the North
American Trust Company of New Jersey, which has a cap- $245,049,616, as against $230,169,592 on Dec. 13 1900. This is
ital of $100,000, had taken over the control of the Corpora- an increase, it will be observed, of, roughly, $15,000,000, or
j
ation Trust Co. of New Jersey, the Corporation Trust Co. of about &}4 P®'* cent. The increase in this short period of less
New York, the Corporation Organization & Trust Co. of Chi- than two months, in the case of some of the separate banks,
cago, the New Jersey Registration Co. of Boston, and the is so striking that it seems desirable to refer to some of the
Corporation Trust Co. of Maine, and several minor organiza- more prominent instances. We have space to-day for only one
tions, which together make up the principal corporation and illustration, and take up the case of the Bankers' National Bank
registration business of the United States. The Corporation because that comes first in alphabetical order. This instituTrust Co. of New Jersey, it may be noted, was practically tion reports gross deposits of $11,679,055 on February 5 1901,
the originator of the corporation trust business, and it acts j against $10,695,265 on December 13 1900. The addition, it
as transfer agent for over $2,500,000,000 registered corpora- Swill be noticed, has been almost a fall million dollars, the
tion securities. It maintains an office in this city for the ratio being over 9 per cent, as against the increase of 6% V^^
of
N«w
!
Mabch
THE CHRONICLE.
2, 1901.]
417
Deposits in every rance responded to "A Talk," and the last address of the
more or lesj from time evening was by James I. Bochanan [of the Pittsburg Trast
to time, now rising, now falling. Hence if the increase vere Co., whose subject was "A Bank Director." The officers of
confined to this one period it might possess very little sig- the Group are Chairman, C. L. Snowden, President of the
nificance. As a matter of fact, however, the Bankers' Na- Monongahela National Bank at Brownsville; Vice- Chairman,
cent for the twelve banka taken together.
financial institntion necessarily vary
:
tional has been steadily enlarging its business ever since its
may
perhaps be recalled that the institution was organized some years ago (in 1892) by Ex-Comptroller Edward S. Lacey, who is still its President.
We present
changes
the
for
the last four
the following table to show
years
organization.
It
:
Agtjregate
Gross
8urplu» d
Deposits.
Itetources.
Und. Prof.
$218,272 $11,679,055 $18,145,128
225,021
10,695,265
12,170,289
188,092
11,169.S20
12,608,216
185,966
11,124.089
12,557,768
208.231
11,037,216
9,578.983
10.763,437
182,055
9,359,778
194,287
8,506,589
9,925.878
Sept. 71899
158.899
8,630.578
10,014.483
June 30 1899
131,982
9,558,214
10,914,049
Apr. 5 1899
11.144,571
134,979
9.786.188
Feb. 4 1899
118,882
7,927,560
9,170,745
Feb. 18 1898
119,139
6,417,681
7,564,724
Mar. 9 1897
110,975
4,697,071
5,846,100
Dec. 17 1896
133,405
4,952.664
3,773,107
Note.— Capital at all the above dates was $1,000,000.
Bankers' Nat.
Bk. Ciiicaou.
Feb.
6 1901
Doo. 13 1900
Sept. 5 1900
June 29 1900
Apr. 26 1900
Feb. 13 1900
Dec. 2 1899
.
,
Pt ice.
Bid.
Ask.
•..
150
141
138
130
126
125
119
113»s
,
152
152
145
140
135
130
126
120
120
114
W.
Herron. Cashier of the Fort Pitt National Bank, PittsSecretary, R. J. Stoney Jr. of Pittsburg,! and TreasWilliam
A. Carr, Treasurer of the Union Trust Co. of
urer,
A.
burg
;
Pittsburg.
—
A special dispatch to the New York "Sun"^from London,
under date of Feb. 25, states that £50,000 has been deposited
with J. S. Morgan & Co. by Edwin Warfield, President of
the Fidelity & Deposit Company of Maryland, Baltimore,
Md., with a view to establishing an English branch of that
institution.
—The
113
111
112
106 13
1071a
>••
• • • •
112's
114
Bink of Scranton, Pa., .in it8
for
February
card
5, 1901, makes a comparison
statement
with the similar return to the Comptroller of the Currency
on February 28, 1898. It appears that the bank now has
deposits of $1,600,283, {against only $472,696 in 1896; that its
aggregate resources are $2,222,717, against $872,052, and
that the total of surplus and undivided profits now aggregates $121,550, against $42,180 at the earlier date.
Traders' National
—
The London & San Francisco Bank, Ltd., with headbe observed that through the whole period covered quarters at London, has opened a branch office at No. 112
by the foregoing statement the business of the institntion has Cherry Street, Seattle, Wash. Mr. J. G. Gaald, Joint Manbeen almost uninterruptedly growing and that gross depos- ager of the Tacoma office, also assumes the management at
its now at $11,679,055 compare with only $9,359,778 on FebThe other American branches are situated at No.
Seattle.
ruary 13 a year ago, with $7,827,560 in February 1899, with 424 California Street, San Francisco, and Chamber of Com$6,417,681 in February 1898 and with only $3,773,107 in Dec- merce Building, Portland, Ore. The Tacoma branch is at
ember 1896. Aggregate resources stand at $13,145,128, as No. 1302 Pacific Avenue.
against less than $5,000,OOD at the end of 1898. The bank
The stockholders of the Real Estate Trust Company of
has also been adding to its surplus account, and the shares
Philadelphia will vote on March 28 on a proposition to innow command 152, against only about 106@107 four years crease the capital of the company from
$1,000,000 to $1,500,000,
ago. The executive management of the bank, in addition to
not to $2,000,000 as announsed in this column two weeks ago.
President Lacey, consists of Vice-President, George S. Lord
The plan proposed is to dispose of 10,000 new shares, par $50,
Cashier, John C. Craft, and Assistant Cashiers, J. C. Mcfor $100; of the sum paid on each share $50 will go to capital
Naughton and Frank P. Judson.
stock and the other $50 to the surplus account. If the plan
An important event in Philadelphia banking circles is the is carried out each stockholder will have the privilege until
proposed consolidation of the Girard National Bank and the May 1 1901 of purchasing at the price of $100 one share of
Independence National of that city. The name of the con. new stock for each two shares of old stock owned. Payments
solidated bank will remain the Girard National, and it will are to be made in four equal instalments on the ninth day of
have as President Francis B. Reeve, who is head of the old May, July, September and November 1901, for which reGirard National. Mr. Richard L. Austin, President of the ceipts carrying four per cent interest will be given. These
Independence National, will be made Vice-President of the receipts will be exchangeable for stock certificates on January
new bank. The merger of the banks will give the Girard 15 1902. The operation will give the company a capital of
National a capital of $1,500,000, the old Girard having been $1,500,000 and a surplus, including undivided profits, of
capitalized at $1,000,000 and the Independence at $500,000.
n, 200,000.
The combined surplus and undivided profits will be over one
It is reported that plans have been nearly completed for
and a half million dollars— in exact figures, $1,545,267.
the establishment of an international bank in this city with
The directors of the First National Bank of Norwich, a capital and surplus of $3,000,030 each. An old State bank
Conn., elected Daniel B. Spalding President of the institu- charter of sufficient elasticity to meet the requirements of the
tion, and Franklin S. Jerome Vice-President, on Monday projectors of the international concern is said to have been
last at their annual meeting. Mr. Jerome will also con- secured.
Should the scheme be consummated, branches will
tinue in the capacity of Cashier. Mr. Spalding, who has be organized in the principal cities of South and Central
been a director of the above bank for ten years, holds the America.
position of Treasurer of the Stonington Savings Bank of
The Liberty National Bank of this city makes a new
Stonington, Conn.
record in its deposit total in the statement for February. A
new bank is about to be organized in New Orleans to statement has been prepared showing the growth of theee
be called the Morgan State Bank. The capital stock of the deposits since the organization of the institution, the date of
institution will be $100,000, par value of shares $50. The comparison being the 1st of February in all the years. On
President of the bank will be J. R. Norman, and it is also that date of the present year the aggregate exceeded $7,000,stated that George Q. Whitney is interested in the matter, 000— the exact amount being $7,199,592. At the correspondalthough the new concern will not be connected in any way ing date in 1900 the amount was cnly $5,681,340, and at the
with the Whitney National Bank.
same date in 1898 it was no more than $3,511,531. Thus in
—The Quaker City National Bank of Philadelphia has ac- the three (years the increase has been over 100 per cent. At
quired the property at No. 721 Chestnut Street formerly the same time the bank has been greatly enlarging its suroccupied by the Chestnut Street National Bank, and will plus. This item, like the deposits, shows a steady accretion
move into the new quarters in a few weeks. The building year by year. The aggregate of surplus and undivided
was originally owned by the Chestnut Street Trust Company, profits ;on February 1 1901 was $641,080, against $478,079 in
but was sold in"foreclo8ure proceedings under a mortgage 1900, $367,957 in 1899 and $302,609 in 1898. The addition in
for $100,0J0 at the time of the Singerly failure.
this case, too, it will be seen, has been considerably over 100
—The sixth annual banquet of Group Eight of the Penn- per cent. As is known, the Liberty National is a comparasylvania Bankers' Association occurred at Pittsburg last tively new institntion, and it was not until 1896 that the deweek. Mr. James H. Willock, President of the Association^ posits reached $2,000,000, The officials of the bank are:
presided as toast-master and made a short address. Hon. Henry C. Tinker, President Henry W. Maxwell and Henry
George H. Anderson, the first speaker, responded to the P. Davison, Vice-Presidents, and Charles W. Riecks, Cashier.
It will
—
;
—
—
—
—
—A
;
"Something or Nothing" was the subect of Thomas D. Chantler's address and Francis J. Tor-
toast of "Pittsburg";
—A
copy of the "Investment Guide," issued by Messrs.
Rehfisoh & Hochstadter of San Francisco, has come to hand.
THE CHRONICLE.
418
[Vol. LXXII.
In neat pamphlet form, this little "Guide" contains a range Only this week has it gained real ground in London. Now
of prices by months for 1899 and 1900 of all the securities the great majority of Stock Exchange men and professional
listed on the San Francisco Stock Exchange, and in addition operators are convinced that the struggle is practically coma short description of the property and financial condition of ing to an end.
each of the corporations] the stocks of which are dealt in in
Furthermore, there is a growing belief that a settlement is
being effected in China and that no more serious troubles
that market.
An attractive booklet has been issued by the Flatbush will occur there. Lastly,' the impression made by the GerTrust Company intended for gratuitous circulation among man Emperor's visit to this country and his long stay here
the depositors, and for sale in limited quantities to their has produced excellent results all over Europe. Everybody
friends who may be interested in this suburb of Brooklyn. now is agreed that the danger of international complications
The book is profusely illustrated with photogravures; it is is removed and that we are assured of [a^long continuance of
handsomely printed and substantially bound; the result is a peace.
Accordingly, there has been good'buying of South African
highly creditable work of art. It treats of the history of
Flatbush from its foundation as a community two and a-half gold shares this week, both for home and for continental
centuries ago, contemporaneous with the settlement of New account. There has also been very good and influential buyAmsterdam by the Dutch, and briefly though interestingly ing of British Government [securities; and during the past
traces the history of the town and its development to the few days there has been a marked rise in Argentine and
present time. Within the past thirty years it has made Brazilian securities. Nearly three years ago an arrangement
rapid progress as a residential locality and is now one of the was made through theMntervention of Messrs. Rothschild bemost beautiful and accessible of the suburbs of Greater New tween the Brazilian^Government and the foreign bondholdYork. It has churches, schools, elegant residences and all ers by which it was agreed that the payment in gold of the
the conveniences of a city, and yet is far enough removed interest on the foreign debt of Brazil should be suspended
from the bustle of city life to be suggestive of the country. for three years until the end of June next. For a long time
In 1899 the Flatbush Trust Company was organized with a it was doubted whether Brazil could resume after June; but
capital of $2C0,000 and a paid-in surplus of $100,000, and the Brazilian budget has made a very favorable impression.
from the time of its opening, July 20 cf that year, it has It shows that even after providing for half a year's interest
been a decided success, justifying the claims of its projectors on the foreign debt there will be a surplus of revenue over
that such an institution was needed in that locality. From expenditure of more than four millions sterling. People,
thirty-five accounts and deposits of $95,960 on the day of its therefore, accept the Finance Minister's assurances that payopening, the business has grown to six hundred and forty- six ments will be resumed and will be continued, and the buying
accounts July 19 last year and to $797,247 deposits Decem- of Brazilian bonds has consequently been very good, especiber 31. The principal oflficers are: William Brown, Presi- ally in Paris. In respect to the rise in Argentine securities,
dent; John Z. Lott, John H. Ditmas and Gustave A. Jahn, it is based partly upon the attempt that is about to be
made to unify all the foreign loans of the Government and
Vice-Presidents, and Edmund D. Fisher, Secretary.
A new number of our Quotation Supplement is issued partly upon the good railway traffic returns, which show that
the country is prosperous, or, at all events, that the traffics
this week. The Supplement contains in its advertising columns the returns under the latest call, national or State, of of the lines are extremely large.
French buying of Argentine securities has also been very
a good many banks, both in this city and out of town. For
large. In Paris money has become so abundant that people
the information of those who may wish to refer to these
are looking for satisfactory fields of investment. Investment
statements we give herewith a list of the same.
had been checked by the troubles that arose out of the DreyPATER80K.
NEW TOEK CITY.
fus case by the disputes between France and this country
Firat National Bank.
Chemical National Bank.
respecting the Valley of the Nile and West Africa, by the
ST. LOUIS.
Oallatin National Bank.
American Exchange Bank.
Hanover National Bank.
South African war and the troubles in China, and lastly by
Mechanics' Bank.
Irving National Bank,
the serious fear of failures both in Germany and in Belgium
Mississippi Valley Trust Company.
liberty National Bank.
in the later months of the past year. Now, however, political
Mechanics' National Bank.
PHILADELPHIA.
confidence at home and abroad is restored, the crises in GerBank of North America.
Merchants' Trust Co.
National Bank of North A.merlca.
Corn Exchange National Bank.
many and Belgium have not had the result apprehended, and
Seaboard National Bank.
Farmers' & Mechanics' Nat. Bank. French capitalists are, hence, recovering courage and are
Western National Bank.
Fourth Street National Bank.
beginning to buy on a very considerable scale.
Girard National Bank.
ALBANY.
In Germany there is also marked evidence of recovery.
Girard Trust Company.
Albany City National Bank.
People
have turned away from industrial and mortgage
Philadelphia National Bank.
BUFFALO.
BOSTON.
but they are buying German Government securities
securities
City National Bank.
American
Loan
&
Trust
Company.
on a very great scale. They are also buying here in London
BALTOIOEE.
—
—
;
Merchants' National Bank.
CHICAGO.
American Trust & Savings Bank.
Chicago National Bank.
Continental National Bank.
Corn Exchange National Back.
Illinois Trust & Savings Bank.
National Bank of The Republic.
MILWAUKEE.
Third National Bank.
CLEVELAND.
Central National Bank.
State National Bank.
PITTSBURG.
Merchants' & Manuf 'rs' Nat. Bank.
INDIANAPOLIS.
Fletcher National Bank.
LOUISVILLE.
Southern National Bank.
DENVEB.
First National Bank.
gold shares and South American securities as well as Ameri-
can securities of course.
The
Exchequer bonds this week has
The applications exceeded 25^^ millions sterling, and the average price obtained was 97}^,
The directors of the Bank of England made no change in
issue of 11 millions
been very successful.
their rate of discount this week, although the irreserve has
been greatly strengthened both bj' receipts of gold from
abroad and by the return of notes from the internal circulaJEHSET CITY.
The general expectation is that the rate will be put
lation.
Commercial Tr. Co. of Ne-w Jersey.
NORFOLK.
next
Thursday to 4 per cent. In the first place, gold
down
NEWARK.
Norfolk National Bank.
National Newark Banking Co.
is still coming in in large amounts from India, Egypt, TurAUGUSTA, GA.
Wewark City National Bank.
Georgia Bailroad Btbnk.
key and Paris; and there is a rumor, which, however, is
doubted by those in a position to be well informed, that the
Russian Government is sending a million sterling in gold to
Paris, half of the amount to be forwarded to London. It is
[From our own correspondent.]
not at all improbable that Russia may have to send gold to
London, Saturday, February 16, 1901.
Indeed, most well-informed persons have been surParis.
This week there is a very much better feeling in the mar- piised that gold has not been sent to Paris in large amounts
ket, and people are much more inclined to invest. Without long before this; but for the moment it is doubted whether
any very conclusive reason most persons have jumped the metal will be forwarded to London. By and by it will
to the conclusion that the war in South Africa is rapidly probably have to come.
In any event the gold that is
coming to an end, and that the Boers practically are at kaown to be on the way will add largely to the reserve of
the end of their resources. The belief to this effect first the Bank of England and will enable the Bank to lower the
spread in Germany, and a week or two ago led to a fair rate of discount. The Bank now has control of the open
amount of German buying of South African gold shares in market, and therefore can safely lower the rate and make
this market. From Germany the opinion spread to France. the 4 per cent effective.
During the week the demand for
First National Bank.
.
March
6
:
..
:
THE CHRONICLE.
3. 1901.]
419
short loans has been very strong, partly because, of the de.
posits that had to be made by applications for the new loan,
and partly becanse of the fortnightly settlement which ended
The following shows the imports of cereal produce into the
Qnited Kingdom during the first twenty four weeks of the
new season compared with previous seasons
on Thursday evening, and the rate of interest has generally
been about 4^ per cent In the open market. On the other
hand the discount rate has somewhat given way. It is litThat is due entirely to the
tle better now than 3)^ per cent.
competition of Continental banks. The French banks in
particular are taking sterling bills on an extraordinary scale;
and German, Datch, Belgian and even Italian banks are
also taking sterling bills on an unusual scale. The competi-
1899-00.
1898-99.
1897-98.
1900-01.
lmportsofwheat,owt.31,826,900 27,442,500 2S,050.550 28,967,010
8,8i!6,i00 15,368,400 10,573,194
12,443,100
Barley
7,6-t8,870
8,393,000
6,957,060
10,280,300
Oats
1,222,100
1,578,200
1,343,480
1,331,030
Peas""."
1,104,020
822,400
1,505,750
860,240
Beans"
24,622,960
21,439,360
26,937,500 29,099,900
indlanCorn
ly,769,530
9,864.280
9.957,900
10,394,700
Flour
tion of otlier countries, excluding France, will not be very
serious, and probably the Bank of England will be able to
make its rate effective even for bills for the next few weeks.
Money is extremely abundant and easy in Paris. It is growing easy likewise in Germany and generally all over the
Continent.
The India Council continues to sell its drafts very well. It
offered for tender on Wednesday 70 lacs and the applications
amounted to 318 lacs. The whole amount offered was allotted at prices ranging from Is. 3 31 32d. to Is. 4 l-33d. per
rupee. Later in the day the Council sold by private contract
small amounts at from Is. 4d. to Is. 4 l-16d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
1901.
Feb. 18,
Olronlatlon
Public deposits
Other deposits
007ernmeDt securities
1900.
Feb. 14
£
£
£
£
88,197.806
14.038,677
87,667,059
86,286,036
13.48-.;,927
86.416,055
16,8 8.427
85,122,9f6
87,881,782
13,S97,«»3
The rates
for
3»,14W,»2!)
18,068,4i!6
Other securities
28,.377,88.s
Beserre of notes and ooln
22,72*,0I1
Coin & bullion, both departm'ts 33.e85,4a6
Prop, reserve to liabilities.. P.O.
48%
Bank rate
percent.
4^
Oonsols, 2M per cent
06%
27,549,t*()l
13,873,988
32,91&.986
24.845,456
i(4.812,295
35,743,ii6l
33,988,330
48 7-16
3
46 16-18
4
87 9-lod.
177,743,000
money have been
Sank
80^d
1
8 Months.
4 Months.
4
i 1-16
4 1-16
4 1-16
4 1-10
Uan. 19 5
"
86 5
Feb. 2 6
9
16
"
Trade
6 Months.
3Mos.
SH
3M
4
4
Feb. 16.
Feb. 8,
Bank
Rate.
Paris
Berlin
Open
Market
3
Frankfort
5
5
5
Amsterdam
3H
Brussels
4
Hamburg
3
3
8
3
394
Madrid
Copenhagen
.
.
25.
3 5-16
5
m
3k
8«
3M
3^
3«
3H
3?^
3H
4
SH
4
4
3«
Hi
6«
8«
6
6
3H
5
6
&
8^
SM
Rate.
314
6
Messrs. Pixley
Bank
6
3»
3«
S
6
per ounce
Consols.,
285ie
977,8
d.
new.2H p. Ots.
Open
Market
2H
3%
97 Ss
91
Den.
& Rio
29
66>4
43i«
2d preferred
134%
Central
Louisville
Mo. Kan.
Do
do
Northern
Paolflo,
nom.
85
pref.
85
89
76
16
com.
Preferred
Pennsylvania
ARead
•PhUa. & Read, ,1st pref. 36%
*PhlIa.
•PhUa. &Read„2d pref.
jouthern Paolno
sJonth'n Railway, com.
Preferred
Union Paclflo
Preferred
JIfon.
28 >4
979,8
9788
91^
358.
33b.
9d.
flour
and
1900.
1,750,000
265,000
510,000
Id,
1899.
2,040,000
560,000
725,000
Tue$.
Wed.
Thur$.
Frt.
2818
9-916
979,8
2818
971a
971a
2S3,e
979l8
98'i8
2831«
97lj,
977,8
Do
Do
preferred
Deb.
"B"
90
87I4
861a
93
93
40 3e
40 14
I5214
156%
4OI3
29
66
44
135
95 1«
2818
647e
4314
1341a
9479
2078
20 !«
20 •«
54ifl
148
3278
48 k
53i«
147 14
3214
47%
85
85
8588
89
8538
8938
76Je
76
16
I5I9
36%
3638
21i«
45I8
78 >4
96I4
90
90
am
56B8
90 >4
40*4
8938
28>4
6514
4353
13413
940,
21i«
4538
24i6
78I4
94B8
17%
Wabash
4
8d.
Od.
Fr'oh renteB(ln Parl8)fr. 102-40 102-20 02-22H 02-22 % 102 o5
71i«
71i«
71%
71ifl
7138
Spanish 48
914
914
9
9
9
Anaconda Mining
57I8
57 14
5738
58
Atoh. Top. & Santa Fe.. 5738
90I4
9038
90 Hi
90%
90%
Preferred
& Nashville.. 94^8
& Tex., com.. 20
54I4
Preferred
the
N. Y. Cent'l & Hudson.. 147%
N. Y. Ontario & West'n 3278
Norfolk A Western
471fl
3H
3
5
5
nom.
Silver,
Bai.
Erie, common
1 St preferred...
2 13-16
5«
3«
LONDOW.
Do
Open
Market
3
3
8
nom.
285,000
645,000
9.8f;4,280
EuKllsli Financial markets— Per Cable.
The daily closing quotations for securities, etc., at London
*re reported by cable as follows for the week ending Mar. 1.
Illinois
Jan.
2«
nom.
2,58.'',000
3938
8938
5
5
5
4«
5W
3«
Last week.
This week.
qrs... 2,675,000
Wheat..:
Floor, equal to qrs... 325,000
qrs... 595,000
Maize....
38»«
Davt
268.
27s.
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
89H
3
4
52.712,047
Gr., com....
Call
Rate.
5
5
54.978,857
25s. lOd.
26s. Od.
do Preferred.
m
89i
St. Petersburg,.
Bank
53,232,164
8d.
5d.
Joint DiB'tH'i.
Stock
Feb. 1.
Open
Market
54,658,304
Total
A.ver.prloe wheat,week.26».
Average price, season. 27s.
87ifl
3
8«
3%
3M
m
Vienna
Bank
Rate.
13,880,757
93
40^9
153
f
Interest at
10.769,530
16,158,777
87ifl
ohief Continental cities have been as follows:
R/if /« n
9,957,900
15,831,764
10,394,700
93 14
Canadian Pacific
40ifl
Chesapeake & Ohio
Chic. MU. & St. Paul... 15288
and open market rates at
rate of discount
home-grown. 12,436,704
imports of flour.
Sales of
Baltimore &, Ohio
Preferred
4Afo«. Banks
®4M
4
1897-98.
189<3-99.
1899-00.
190001.
Wheatlmported, owt.31,826.900 27,442,.S00 28,0=50,550 28.907,010
Interest allowed
for deposits by
an
3« 3M
8^ 3H
3H®m
The Bank
Bills.
4 1-16
4 1-ie
4 1-16
an
iH
4^
184,403,000
as follows:
Bills.
1):
For aoconnt
3
1125^
Open Market Bates.
a:
46«
lUM
1
London.
Supplies available for consumption (exclusive of stocks on
September
18,l'94,5e5
82,331,71i
23,8 i7,8 9
8S,493,H6l
27 7-l6d.
233.119,000
1C0%
2Ha.
162.128,000
OlearlnK-House returns
1898.
Feb. 18.
88,686.426
8,bB!t,814
Bllrer
1890.
Feb. 15
1MPOBT8.
21>9
4638
24^
1773
31%
56%
24 '«
79 14
H4%
x87%
177e
311a
56
89 14
531a
147
3219
47 14
85
86ifl
90
86
93 18
4ll«
15818
401a
8914
281a
66%
42 14
1341a
9*78
2118
5414
147
32
47 19
85
86
0230
"9'4'
5638
89%
89%
85%
921a
40%
156%
39%
89
2816
65%
42 1«
1331a
94
201a
5414
1461a
3188
4678
85
891a
76I4
151a
891a
847s
89I9
76 14
76
16%
15ifl
36
36 14
36
20%
20%
451a
24^8
791a
45 14
201a
4379
2478
79 14
94
9014
86I4
85%
24 14
79
88%
8514
I714
17%
171a
31
31
56I4
29%
56
65
3«
6
*
Price per share.
Abell write as follows under date of
February
Gold— All
14
outside inquiry for gold has now ceased, and arrivals of
bars from India, amounting to £405,000, have been purchased by the
Bank of Enjtliind.. Xhese arrivals are likely to be considerable in the
National Banks. The following informationregarding
near future. In addition, sovereigns to the amount of £ I '.^0,000 have national banks is from the Treasury Department.
come from Egypt, and there are more on the way. Some amounts
may be expected also on French account. The total purchased by the
MATIONAI, BANKS OSOANIZED.
Bank is £489,000, and £90,000 has been withdrawn For the weekCertificate Issued January 12,
Arrivals: Australia. £12,000; East Indies, £411,000; Went Indies,
£16,000; Cape Town, £73.000; River Plate, £30,000; New Zealand, 5,677— The National Bank of Fayetteville, North Carolina Capital,
£6,000; total, £548,000. For month of Januarv— Arrivals: Oermany,
Cashier.
$50,000. W. J. Edwards, President
£37.000; Holland, £4,000; Belgium, £59.000; France, £21,000; East
Indies, £H76,000; Austral-a. £307,0C0. Shipments: Germany, £3,
Certificates Issued January 15.
000; Holland. £162,000; Belgium, £3,000; France, £425,000; East 6,078— The
Market
National Bank of Cleveland. Ohio. Capital, $250,Indies. £920,000.
000. William F. Sprague, President. William K. Rose,
Silver— A large business In options, combined with speculative purCashier.
chases of forward silver, forced the price up to 28 3-16d.; but with InCapital,
dia and the East failing to respond to this rise, we have gradually 5,679— The American National Bank of Dayton, Tennessee.
$25,000. W. H. Rodgers, President. A. P. Haggard, Vicefallen to 27 15-16d. cash, and 28d. "forward."
The In ian pr ce is
President. F. R. Rogers, Cashier.
Rs. 71.
For the week -Arrivals: New York, £251,000; Australia,
5,680— The Albany National Bank, Albany, Texas. Capital, $50,000.
£2,000; West Indies, £8,000; total, £261,000. Shipments. Bombay,
8. Webb, President. T. W. Gulledge, Cashier.
£162,000; Straits, £48,976; Sydney, £45,000; Calcutta, £' 0,000;
China. £20.000; total, £335,97t>. For month of January-Arrivals: 5,681— The First National Bank of Howe, Texas. Capital. $25,000.
J. P. Withers, President. S. J. Spotte, Cashier.
Germany. £53,000; France, £26,000; U. S. A., £973,000. Shipments:
France, £189,000; Japan, £20,000.
Certificates Issued Januury 16.
Mexican Dollars— These coin still remain nominal; nearest price
5,682
The First National Bank of Stoystown, Pennsylvania. Capi87 Sad.
ta), $25,000. Frank Taylor, President, J. H. Bowman.
The quotations for bullion are reported as follows:
Cashier.
—
;
Gold.
London Standard.
Feb.
14.
«.
d.
Feb.
7.
«.
9>4 77
914
n.
4
5
4
fine
oz. 77
gold ooin...oz. 76
G«nn'n gold ooln.oz. 76
French gold ooln.oz. 76
Japanese yen
oz.
5
76 4
76
76
76
76
London
Statidard.
Feb.
Feb.
14
7.
d.
Bar gold,
S.
8ILVBB.
5
5
4
d.
Bar
silver, flne...oz. 27i6if 27 'a
Do
2 mo. delivery 28
do 4
do 3
grs. gold.oz. 28H
grs. gold.oz.28ii
oz. 30ie
Oake silver
Mexican dollars. oz.i27Be
Nominal.
27iB,a
Bar silver, oontaln'gj
do 5 grs. gold.oz.287i6 28^8
283,8
^8
30',
i.Nom.
Certificates Issued January IS.
5,683— The First National Bank of Farmville, Virginia. Capital,
$30,000. N. B. Davidson, President; A. G. Clapham,
of Sayre, Pennsylvania. Capital, $50,000.
LewiaiEii;hmey, Piesident; M. H. Sawtelle, Cashier.
5,685—The First National Bank of Burt, Iowa. C.ipit-il. $25,000.
Jos. W. Wadsworth, President; C D. SuiUli. C.^shl*>r.
5,686—The Second National Bank of Nazareth, PennsylVMnia. Capital, $50,000. K. F. Babp, President A. E. Frantz, Cashier,
5,684—The National Bank
;
Certificate Issued January 19.
5,687— The First National Bank of Iloxie, Kansas. Capital, $25,000.
M. A. Chambers, President; Grover Walker, Cashier.
..
'
THE CHRONICLR
420
Certificates Issxied
January
21,
5,688—The Western National Bank
of San Frarcisco. Oallfornia.
Capital, $200,000. William C. Muidocli, President; Robert
B. Murrtooh, Cashier.
5,689—The Third National Bank of Mt. Vernon, lUinolB. Capital,
$50,000. J. R. Allen, Preslaent; L. L. Emmeraon, Cashier.
Certificate Issued January S4.
5,690—The Nellgh National Bank, Nellgh, Nebrasfra. Capital, $25,000. C. J. Anderson, President; C. L. Wattles, Cashier.
Certificates
Issued January
25.
8,691—The Montgomery National Bank, Montgomery, West Virginia.
Capital, $25,1. 00. 8. H. MoDgomery, President; J. D. Foster
Jr., Cashier.
and since Jan.
and 1899.
and
for the corresponding periods (n
BXPOBTS AHD IMPOBTB OF SPBOIB AT HBW TOBK.
Week.
Qreat Britain.
Prance
SineeJan. 1
9
AU
First National Bank of Medford, Wisconsin.
Capital,
$25,000. F. D. Shaw, President; L.8per1ieok. Cashier. Conversion of the Commercial State Bank of Medford, Wisconsin.
5,696—The National Bank of Grand Saline. Texas. Capital, $30,000.
J. E. Persons, President; T. B. Meeks, Cashier.
5,697—The Citizens' National Bank of Mexia, Texas. Capital,
$50,000. J. D. Jackson, President; Traoy McKenzie,
Cashier.
5,695— The
$
8,095,829
'96,506
98,430
188,240
10,000
10,150
'12,635
202 083
29,340
149,649
$8,304,219
6,277,383
1,816,465
$155,135
32,118
29,567
Germany
West Ingles
Mexico
South America
SineeJan. 1.
Week.
$
""'iso
46,io6
other countries.
13,309
Total 1901
Total 1900
Total 1899
$150
274.515
22,465
ExporU.
$492,811
712,796
3,729,024
Import*.
Silver.
Week.
Great Britain
Stance
Since Jan.\
$1,063,245
Germany
Certificates Issued January Z9.
Importt.
Bxportt.
aoid.
Cashier.
Cashier.
1, 1901,
LX2IL
1900
6,692—The Farmers' and Merchants' National Bank of Piano, Texas.
Capital, $50,000. Olney Davis, President; H. C.Jones,
Certificates Issued January 26.
5,693— The First National Bank of Greensboro, Alabama. Capital,
$25,000. Lee M. Otts, President; J. M. P. Otts Jr., Cashier.
6,694—The First National Bank of Mlngo-Janction, Ohio. Capital,
John H. MoKee, President; Latimer L Grimes,
$25,000.
[Vol.
Week.
Since Jan.l.
*
$7,700,015
179,868
$
3,883
900
West Indies
74,783
1,000
""250
36,162
286,060
108,761
"i",6V6
9,922
$1,063 495
1,129.975
1.034.025
$7,957,58S
7,498,702
Slezloo
South America
All other countries.
Total 1901
Total 1900
Total 1899....
$444,778
573,554
508.454
$
93,864
92.054
7.96f>,80t-
Of the above imports for the week in 1901, $47,535 were
Certificate Issued January SO.
American
gold coin. Of the exports during the same time
5,698—The National Bank of Lexington. North Carolina. Capital,
$25,000. Zeb. V. Walser, President; Robert L. Burkhead, $150 were American gold coin.
Cashier.
Cert'ificate
Issued February
1.
First National Bank of DeLand, H inois. Capital. $25,000.
Thomas E, Bondurant, Presidect; G. R. Trenchard, Cashier.
5,699—The
Certificates Issued
February
4.
5,700—The Waterloo National Bank, Waterloo, Iowa.
Capital. $100.-
Reports of Non Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Feb. 23, based on averages of the daily result.
We omit two ciphers fOO ) in ad cases.
Richard Holmes, President; J. D. Easton, Cashier.
Conversion of Waterloo State Bank.
6,701—The Point Pleasant National Bank. Point Pleasant, West Virginia. Capital, $25,000. James Oapehart, President; W. h.
000.
McCoy, Cashier,
Lang, Cashier.
5,703—The Bart National Bank, Burt, Iowa. Capital, $40,000. C. C.
Chubb, President; O. H. Blossom, Cashier.
5,704—The First National Bank of Rogers, Texas. Capital, $25,000.
George C. Pendleton, President; J. H. Wear, Cashier.
Certificates Issued February 7.
5,705—The Citizens' National Bank of Great Bend, Kansas. Capital,
$£0,000. Edward R. Moses, President; Reuben H. Moses,
Bank
of Lyle, Minnesota. Capital, $25,000.
A. H. Anderson, President; F. M. Beaoh, Cashier.
First National
Capital.
CITT.
Borough of
Manhattan,
t
«
128,3
194,7
129,0
66,2
20,4
102,4
69,6
136,8
69,2
176,9
116,4
238,9
64,8
69,8
361,3
180.2
23,8
98,4
60,0
1266,7
43,1
2241,0 107.0
1006,3
46.4
1130,6
66,1
150,0
100,0
800,0
100,0
100,0
160,0
262,0
600,0
100,0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
124,6
169,3
161,0
43,3
67,7
63,8
493,6
366,9
203,1
86,9 273,8
1079,1
16,4
1476,7
14,8 106,6 224,6
1130,2
86,3 193.2
66,6
24,8
3»2,4
10,0
40.7
39,8
6e6.»
29,4
71.8
34,8
637.8
84,1
72.8
2477,4 819,3 167.3 639,3
2872,3 170.7 187,0 181,8
869,8
62.3 110,7
20,7
683,8
86,4
79.2
3,6
3683,0 160.0 821,0 630,0
2446.0 137,0 262,0 680.0
721,6
60.0
48,1
12,1
44.7
44.8
903,3
86,9
397,7
18.6
30,8 830.4
46,3
498.6
10,2
66.8
10,0 186.0
1084,8 101,2
"
419.4
10
19,1 111,3
614,6
24,2
48,4
64,9
660,2
34,6
18,6
61,6
lstNat.,Staten Isl
26,0
100,0
58,3
84,6
Other atia.
Ist Nat., Jer. City
Hud. Co. Nat., J.C.
Sd Nat., Jer. City.
Nat., Jer. City..
*t Nat., Hoboken.
d Nat., Hoboken.
400,0
260,0
260,0
200,0
110,0
126,0
879,9
666,6
846,4
229,0
469,9
107,9
Oolambla
Bleventh Ward....
Fourteenth Street.
ftaneevoort
Hamilton
Ifount Morris
Alutnal
Nineteenth Ward.
Plaza
Riverside
State
Twelfth Ward
T wenty. third W'd.
Onion Square
TorkvUle
Certificate Issued February 9,
5,707—The First Nfttional Bank of Gowrle, Iowa. Capital, $25,000.
,
President; N. A. Llndqulst, Cashier. Conversion
of Webster County State Bank, Oowrle, Iowa.
FldeUty
Varlok
Certificate Issued February 11.
5,708—The Olaasport National Bank, Glassport, Pennsylvania. Capital,
$50,000. James Evans, President; J. A. KUngensmitb,
Brooklyn
Eighth Ward.
Cashier.
, Cashier.
dent;
6,710— The First National Bank of Roxton. Texas. Capital. $30,000.
A. H. By waters. President; Walter By waters. Cashier.
5,711—The First National Bank of Archer City. Texas. Capital, $26,000. T. H. Marberry, President; W. H. Taylor, Cashier.
—
Imports and Exports fob the Week. The following are
the imports at New York for the week ending for dry goods
Feb. 21 and for the week ending for general merchandise
Feb. 22; also totals since beginning first week January.
FOBBIOH IMPOSTS.
Bedford
Broadway
Fifth
Avenue
Kings County
If anutaot'rs' Nat'l.
Meoh's'A Traders'
Uerohants'
Nassau National..
National City
North Side
People's
Schermerhom
Seventeenth Ward
Sprague National.
Twenty -sixth W'd.
Cnlon
Wallabout
Oooda....
1900.
1899.
1898.
82,195,655
6,9C0,429
$2,882,943
8.801,130
$2,590,908
5,702,911
$2,940,865
6,457,759
59,096,084
$11,684,073
$8,293819
{9,398,124
Gton'l mer'dlse
$18,720,156
62,103,902
$23,325,285
63,088,508
$18,785,273
66,643,881
$19,726,097
48,062,716
Total 8 weeks..
»80,824.058
f 86,4 13,793
$75,329,154
$67,788,813
Gton'l mer'dlae
Total
Since Jan.
I
Dry Goods
The imports of dry goods
Id
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports
week ending Feb. 25, and from January 1 to date.
BXPOBT8 FBOM NBW TORK FOB THB WBEK.
specie)
1901.
IS 00.
1899.
for the
1898.
$8,707,301
75,394,067
$9,313,517
81,591,650
Totals weeks.. $84,101,368
$90,905,167
Prev. reported
$7,179,610
71,310,729
$9,577,983
62,179,745
$78,490,339 $71,757,728
The following table shows the exports and imports of
specie at the port of New York for the week ending Feb. 23
688,1
1374,9
7,8
86,4
2038,9 118,9
28.6
1273,0
1271,2
21,6
2268,0 166,0
1040,0
16,3
3943,0 288,0
1132.8
31,0
46,3
864.3
2096.9
67,1
1896,8 100,7
606,4
32,8
377,7
7,6
196,0
1.9
16.3
686,0
676,7
121,7
126,9
63.4
76.9
236,4
63.7
69,4
49,9
t
t
1662,6
469,8
169,0
428,4
261,6
89.7
82,7
307.7
226.2
222,4
223.0
71,0
92.0
78,0
96,9
602.1
113.3
11,0
48,3
19,2
29.6
37,0
92.4
18.0 2814,0
1408,3
1396,8
766.-0
69,4
100.0 1616.1
61,6 2849.6
189,3 1604,2
M
378,0
1380
144,3
60,'6
6,0
108,1
Isl
623,7
716.9
16.1
88.9
23,6
30,0
1731,1
2613,0
1066.2
3624,0
1668,6
1187,6
2812.8
1638.2
479,0
274,8
276,9
1340,3
1613,4
4;6 1166,2
398,9
8,0
100,0
27.7
64,0
70,7
26,0
63,0
286,6
69,8
16,0
39,4
103,0
1.4
28,8
77,6
74,8
103,8
9,0
6348
670,6
3243.0
8182.1
892,9
667.1
8890.0
2942,0
908.8
922,9
684,6
472.6
1016,0
471,8
618.1
686,8
580.6
701,8
4764.7 372.8 226,9 903,2 1219,0 6394,1
80,S
67,8 176,7
1966,1
66,3 1040,0
1066,1
72,6
17,6 244,6
1164,9
4'6,'6
976.»
894,0
61.1 236,8
46,1
94.4
16,9 1787,7
2088.4
16,4 116,4
888,6
791,4
44,8
6,8
32.0 102,8
Totals Feb. 38.. 7662,0 8676,0 61289,6 3132,8 3923.1 9428,9 8397,1 70377,1
Totals Feb. 18.. 7662,0 8676,0 61313,13133,4 4023,1 9604,3 3806,0 70708,4
7662,0 8676,0 61318.6!3104,a 3829,8 9219,3 3126,9 69983, 7
Totals Feb.
9
New York
City,
Boston
&
Philadelphia Banks.— Below
summary of
the weekly returns of the Clearing
York
City, Boston and Philadelphia.
New
House Banks of
The New York figures do not include results for the nonmember banks.
we furnish a
Banes.
Capital i
Swrplus.
Loans.
Specie.
9
N. \.»
9
Feb. 3.. 136,480.2 871,808.2 1928260
9.. 166.480.3 896.289.4 1968904
"
16. 166.480.2 914,6.^3.0 1933184
"
23.. 166,480,2 911,800,9 1929533
Legals.
D«po*it*.t
Oirc'I'n.
OUarimi*.
9
$
$
9
74,493,2
73.120,7
73.471,3
73,890,1
969.917,6 31,319.1 14906974
994.598.9 81.381,9 16309979
10113290 31,168.6 1330033T
10001869 31,226.0 12307608
Boa.*
Feb.
"
For the week..
t
t
131,3
86,0
47.3
46,0
66,0
96,8
89,9
139,0
137,0
161.0
83,8
144,0
169.8
106,6
316,8
137.7
Borough of
Richmond.
Bank of Btaten
W
1901.
t
BoTo'h of BrooMi/n.
Ifeohanics
Certificates Issued February IS.
5,709— The First National Bank of Jackson, Georgia. Capital, $30,000. R. F. Maddox, President; J. E. Carmlohael, Vice-Presi-
Dry
Leg. T. Deposit, with
Net
Invest- Specie. JcB'k. Clear'Q Other Deposit*
ments.
Ifotes Agent. Bks.Ac
Loans A
100,0
300,0
100,0
100,0
200,0
200,0
260,0
200,0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100.0
100,0
200,0
100,0
Oolonlal
Waahington
rorv>uk.
Sttrplua.
NBW VOBK
Certificates Issued February 6.
5,702—The Punxsutawney National Bank, Panxsutawney, Pennsyl'
vania. Capital, $100,000. W. W, Winslow, President; F. C.
5,706—The
BANES.
(COS omitted.)
••
9..
16..
23..
Phlla.*
Feb. 9..
" 16..
"
*
28.
67,632,9 186,414,0 12.869,0
67.632,9 187,226.0 12,761,0
67,633,9 188,176,0 13,989,0
38,716,3 166,662.0
38.716,3 166.814,0
88.716.3 167,681.0
9,861,0 209,474.0
9,681,0 214.166,0
9,676.0 311,111,0
68,836,0
60.008,0
68,631,0
6,120,0 128,129,8
6,106,0 140,126,8
6,071,0 108,887,2
199,641,0 10,014,0
203,298,0 9,989,0
208,133,0 9,991,0
94.888.»
93,421,0
81,167,8-
We omit tAoo ciphers in all these Agwres.
Inolodlns for Boston and Philadelphia the item 'due to other banks."
:
Ma-RCH
.
THE CHKONICLE.
1901.1
2,
—
City Clearing House Banks. Statement of
condition for the week ending Feb. 23, based on average of
daily results. We omit two ciphers (00) in all cases,
New York
BANKS
2,000,0
2,060,0
2,000,0
2,000,0
1,600,0
1,000,0
10,000,0
300,0
600,0
1,000,0
300,0
400,0
200,0
600,0
800,0
1,200,0
6,000,0
10,000,0
1,000,0
1,000,0
ICanhattan Co...
Merotmnta'
Meohanlos*
America
Phenlx
City
Chemical
Merchants' £x..
Oallattn
Batoh.& Drov'B'
Mech.A Traders'
Greenwich
Leather M't'rs..
fleventh
Btateof N. T....
American Bzoh.
Commerce
Broadway
Mercantile
422,7
Paclflo
Bepabllc
1,600,0
Chatham
460,0
200,0
People's
North America.. 1,000,0
8,000,0
Hanover
600,0
600,0
600,0
900,0
Irving
OltlEens'
NagHaa
Market<fe Fulton
<fe
Leather.
1,000,0
1,400,0
Com ExohanKe..
1,000,0
Continental
300,0
Oriental
Imp't'rs'A Trad. 1,600,0
2,000,0
Park
260,0
Bast River
8,000,0
1.000,0
Fourth...........
Central
Second
300,0
750,0
600,0
300,0
260,0
200,0
760,0
3J\nth
First
N.Y.NaflKxoh.
Bowery
N. Y. County....
German Ameri..
Chase
Fifth Avenue...
S-erman Exch...
1,000,0
100,0
200,0
eenoAnla
200,0
300,0
200,0
200,0
300,0
200,0
600,0
Lincoln...........
aarfleld
Fifth
Bank of Metrop.
West Side
Seaboard.
Western.
1st Nat., B'klyn.
Liberty
N. Y. Prod. Ex..
NewAmsterdam
Astor
EDde & Leather,
Legal*.
Specie.
IJepoiit*. \ttrvt
$
$
9
»
\p7o.
,
16,906,0 3,477.0 1,181,0 18.270.0 28-8
21,844,0 6,660,0 a, 126,0 26.465.0 290
1,676,6 18,869,6 26 7
1,1»0,>» 16,742,2 3,1^3,2
650,0 14,777,0 201
3,261,4 14.673.0 •A334,0
2,980,9 32,673,3 4,384,0 3,459.1 38,462,1 25-8
109,0
1,387,0
6,411,0 27-6
6,241,0
241,3
6,490,3 128,037,6 34,487,0 6,590,2 148,682,5 269
6.881,7 26,611,2 3,887,3 2,728,7 26.304.2 261
608.1
8,256,8 251
224,6
6,606,0 1,068.6
1,122,5
776,7
7.540.8 25-1
9,115,!i
1,873,3
1.338,6i 34-6
414.0
49,7
1,148,2
86,6
260,0
2,611, Oj 17-2
185,0
ia4,it
2.874,0
157.1
93,0
769.4 32-5
873,0
173,6
229,9
4,923,5 80-1
486,1
4,634,9 1.262,5
324,7
909,6
4.98;j,7 24-7
216,4
3,763,9
343,8
360,7
4,277,4 16-4
643,3
6,034.9
3,940,1 29,870,0 6,106,0 1,652,0 24.772.0 26-8
6,938,0 78,653,4 6,898.4 6,373,2 67.509,9 19-6
813,3
4,941,1 24-6
906,9
1,603,9
6,886,2
1,239,2 16,069,6 2,223,8 1.641,8 15,770.8 24-5
464,4
la2,5
3,286.5 181
2,832,0
484,7
1,140,8 31,018,0 4,634,5 1.117,6 23,441,8, 24-6
6,689,21 28'3
712,6 1,015,3
994,6
6,862,6
674,9
2,731.6 26-9
2.178,2
133,3
337,3
734,9 16,778,1 2,994,9 1,315,2 17.827.3 24-4
6,178,9 52,674,9 9,779,7 6,491,7 68,085,91 26-8
612.8
4,381,01 31-4
767,6
3,907,0
468,1
642,2
210,1
8,478.ll2l-8
8,409,7
407.8
3,388,0i 28-6
447,6
3,728,1
850,7
274.9
7,383,0l
737,0
6,792,6 1,367,6
1.047,6
'iS-S
212,6
3,939,0 24-4
761,6
3,636,2
206,8
24.889.01
24-6
2.162,0
1,807,2 21.007,0 3,976,0
6,':76,8 24-9
800,0
641,6
4,666.2
518,4
2,082,0 26-9
196,0
346,4
2,080,0
401,0
8,107,8 24,719,0 4,392,0 1,074,0 22,869,0 23-8
71,021,0
33-2
61,960,0
18,780,0
4,872,0
3,668.6
266,1
1,483.5 29-4
1,241,1
177,8
161,1
3,467,4 26.067,1 5,711.6 3,669,9 29.417.9 281
657,6 10,906,0 3,286,0 1,846,0 14.580,0 31-4
897,0 10,076,0 24-1
9,265,0 1,638,0
888,7
3,300,0 24-5
644,0
267,0
2,907,0
66,8
9,320,6 42,106,8 12,741,0 1,768,1 46,778,9 30-9
3,384,4 26-7
673,2
830,3
3,145,6
109,8
377,0
260,0
3.342,0 19-0
2,776,0
724,7
4,145,7 29-6
821,3
410.6
3,078,4
388,8
3,861,1 20-8
459,0
240.4
8,620,7
366,0
1,729.0 49,009,2 26-7
2,110,6 40,032,1 11,869,1
27-6
354,4
10,816,9
2.496,4
8,858.9
1,828,7
220,4
930,6
3,330.5 31-6
638,6
2,368,1
686,0
405,4
4,536,8 21-8
818,6
3,006,8
919,7 11,869,8 1,467,1 1,948,7 13,835,6 24-6
270,2
7,600,7 25-3
6,604,6
1,096,6
1,627,7
168,4
3,288,1 28-2
2,170,7
477,6
348,0
648,6
8,618.7 22-8
1,018,2
7,786,8 1,366,4
2,607,0
881,0
3.008,0 24-7
426,4
363,0
813,8 16,064,0 2,717,0 3,073,0 18,616,0 25-7
1,871,7 41,978,3 10,404.2 3,474,3 60.719,0 36 3
4.401,0 33-9
3,821,0
606,0
989,0
630,8
426.0
604,1
6,801,6 1,632,6
7,099,7 27-4
699,2
457.1
8,967,3 26-6
379,2
4,070,4
6,212,2 260
779,9
787.0
444,6
6,319,0
4,866,0
6,60 :i,o 280
296,4
343,7 1,227,8
61.1
1.994,4 28-1
326,1
2,664,3
600,2
$
$
BankotN.T....
Shoe
Loam.
Oa^tal. Surptwf
lU.
3,100,0
300,0
600,0
1,000,0
260,0
360,0
600,0
2,074,3
3,114,4
'
!
I
74.322.7 92.267,6 911.800.9 1939633 73,890,1 10091869 36-4
Total
Breadstnffs Figures Bronght from Page 449.— The
statements below are prepared by ns from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Feb, 23
«ind since Aug. 1, for each of the last three years have been
SM«i»t( mt-
#iour.
Wheat.
Corn.
Oats.
Barlev-
,
•
.
21,160
8.700
541.000
278,900
398.600
887.760
111,000
111,315
2.833,788
6,107,864
3,786,894
"694.0BO
412,490
8,570.831
6,089,966
8,178,96 «
1,184.794
98.118
129,734
191,262
8.273.17^
6.113.617
1.306,008
417,017
a06,34S
11,657,065 168.712,097 138.137.160 106.184.378
11,808.680 116,118,163 136.037.890 103.830,775
84.114.010
3.198.384
31,826,681
4.400.0S8
Caniai OltrTot.wk.l00l
<iame wk.'OO
'Same wk.'BQ.
9ine« Au«. 1.
1800-1001.
1899-1900
11898-1899.
...
.
eo.ooo
7,400
....
9.466,814 205,668.811 118.028,133 107,826,902
80,872,063 8,098,530
The receipts of flour and grain at the seaboard ports
week ended Feb. 23 1901, follow
the
Reteipti
at—
Boston
Montreal
Philadelphia
Baltimore
Blohmond
Orleani*
Newport News
Norfolk
aalveiton
••nrtland.
''our,
buih.
117,856
26,767
7,960
64.148
87,017
3,100
11.171
81.765
88,668
266.100
63,'^87
8.000
188,729
1,011,569
1,792
267.000
40.000
Corn,
buih,
Oatt.
bush.
781.960
110.106
2.G00
495,600
961.328
77.772
582,000
868.600
96,113
19,000
02,051
83.212
87,922
89,725
for
Corn,
Wheat
BB9ortefrom-t>u$h.
4awYork
893,608
120.673
t59,256
72.672
203,000
aoston
Portland, Me.
Philadelphia..
iaitlmore
lew Orleans..
8t.
Jonn.N.B.
51.044
19.481
286.239
28.500
8,868
76,783
312,330
348,180
445.772
608.388
77,143
352,101
918.650
829.172
«.000
„
40.000
101.000
48.000
89,880
-JewDTtNewS
-laWeston. ..
Port Arthur..
88,531
88,108
40.026
41.760
23.861
19,794
2-i.fm
31,765
9,817
Total week.. 1,61 6,817 3,164 978
tame time '00.. 1.616,007 4.270.107
17,188
Wlortr.
..
Week
84 32S
12,872
bbU
amted Eingdom
4 C. America.
West Indies
dr.N.Am. Colo's
ither countries
80
312,888
818.180
7,861,737
7,517.760
J.
Total
Total 1899-1900
1.
bum
6,498,616
082.098
477,703
572.041
51.160
180,120
81.808
83.763
86,344
819,804
1,516,317
l,ei6.607
since
Weelt
Feb. 83
1900.
bu*h
1,060,434
77.004
— earn.
Binee BetU
.
Sine* Sept.
Ftb. 23.
bbi«.
212,388
24,202
14.176
80,067
635
Jontlnenu
Weett
1,1000.
Feb. 88.
21,024
week and
'Wheal,
,
Sinee 8»ti.
88,i77
• •
September
MxportefoT
«<ehandi4n(i
aept. 1 to—
8,710
68,916
8,886
• • • •
destination of these exports for the
1, 190O, is as below:
The
6,191
17,118
,
^
Barlst
biMh.
Pea*,
buih.
By*,
bujh.
bbit.
885,893
OOO.Wl
181.2;i6
Norfolk
Gati
buth
tiour.
„&<"'>•
1.
190*.
buih,
48 IfOTia
f>uih.
29,661.830 1,737,850
16,080,192 1,400,664 17.596,785
1.0;»9
460,728
16,629
4«4,e5^
885
00
494,499
161,022
801,i0»
si.O'^e
8,121
USa
278,848
45,979,619 3 164,978 97,185,126
47,177,317 4 870,197 103,097,699
The visible supply of grain, comprising the stocks in
^anary at the principal points of accumulation at lake and
seaboard ports, Feb. 23, 1901, was as follows:
Wheat,
In etore at—
862.000
320.000
615.000
eot.OOO
Pbiladelphla
3altimore
New Orleans
Salveston
Montreal
Toronto^
afloat
97.U0U
116,000
208.000
12.000
140.000
2.000
35,000
102.000
306, u to
a%e.
bujM.
B*rUM,
12,000
866.000
bujl^.
llO.UbO
"18.000
2.66o,boo
0,000
loio
'40.006
700,000
"4,066
afloat
461,000
661,000
4.000
48,bgp
26,000
U,389,ooo
8.775 000
1,187,000
8.009.000
603,000
806,000
784.000
882,000
8,0M
86J0O0
72.000
8,881,000
086,000
899.000
Tb.WJO
811.000
489.000
16.000
870.000
870.000
44,000
8,262,006
45,000
14 boo
'ss.wo
"'7,06c
696,000
89,000
18,000
a.ooo
18.218,000
17.081.000
16.332,000
31,821,000
40,070,000
10,567,000
10,302,000
6,765,000
9,869.000
13,473.000
1.158,000
1.174.000
1,152.000
1,604,000
8.680,000
>atrolt
Do
Do
afloat
Jfeloago
67,000
afloat
Milwaukee
Do
1.204. COO
l,031,ut;u
afloat
rt.WUl'mAPt.Arthnr
iQluth
DO
1,720.000
7.504.000
afloat
17,0«8.00r
4,015,000
Minneapolis
^t
606,000
981.000
1,482.000
7e«,ooo
06,000
80.000
2,187,000
1,014,000
674,000
oledo
Do
219.000
1,676,000
Buffalo
Do
biMh.
689.000
4.882.noo
8,000
Boston
Oati.
bufh.
corn.
buth,
xawYork
Do afloat
Louis
Do
afloat
iansasClty
1,308,000
8.000
eorla.
210,000
Indianapolis
n Mississippi Blver.
)n
Lakes
>ii
oanal and river.
17,000
..
"otai Feb, 23, lOOl*.
Tjta' Feb. 10. 1901 •.
.otal Feb. 24 lOOOt.
Total Feb. 25. 18»Ht.
rntai Feb, 26. 1898+
67,530,000
67,682 000
63.144.000
89,t20.0<-0
84,088.000
1660.000
1.66»,UO0
1.341jt)00
2,674.000
8.686,000
* Includes stocks In private elevators at Milwaukee.
+Stock B In private elevators at Milwaukee not Included
NoTB.— BeKlnnlnR July 1. 1899. the New York Produce Exchange has chaneed
Its Visible Supply Statement by InclndinK stocks at New Orleans. Galveston,
Albany
Ft,. William and Pt. Arthur (previously omitted) and leaving out
Osweeo and Cincinnati, formerly included.
Anctlon Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller
Son.
&
Stock*.
stocks.
245i«
33 New Jersey Zlno Co
10 N. Y. Life Ine. & Tr. Co. 1335
lU. 8. Trust Co
1701
.5 Central Tr. Co.2010 to 2010»«
25 South. & Atl. Telee. Oo..l02i8
50 Trust Co. of New York ..210
10 German- Amer. Real Est.
& Title (iuaraatee Co.. 20
26019-266
6 Home Ins. Co
7 Title Guar. & Trust Co..46C»«
1
606
4 Guaranty Trust Co
44 Merchanta' Nar. Bank 188ifl
300 Tol. 8t. L. & K. C. BR.,
common.
500 Aero Pulverizer Co
10 Atlanta dz Charl. Air
Ry. Co
4 Colonial Trust Co
149
400
Bonds.
$5,000 Lanyon Zinc Co. 6s,
1929;
$30
AsBoolation
L.
-
Blooming urove Park
35 North Amer. Tr. Co.270-27l "a
5 Colonial Trust Co
400
10 Real Estate Trust Co
355
39 U. S. Projectile Co
lllJa
60 8afeDepo.«it Co. of N. Y.I2II4
40 Nassau Bank
200
3N. Y. Prod. Exch. Bauk.l56ifl
1
1
M&B
84
$30,000 Oregon Pacific RR.
Co. Ists. trust CO. certs... $30 lot
$^,00 Port Reading BR. 1st
II214
58,1941; J&J
$30,000 FarmvlUe A Pow'
hatan RR. Co. 2d
68,
come
In-
$300 lot
77,143
8.368
899.116
884,647
8,578.278
1,191,010
8.129.108
4,188.775
40,028
£4irl«ti
bu«h.
80,700
806,289
83,177
70,788
81,808
New
98.461
60.605
89.811
829,911
Orleans for torviir'
compare
1808.
8.128,318
8.189.360
* U#ftt ••••eeeeeeeee bnih.
"
16,8{>7,880
20.668.046
25,483.407
8,144,800
888.067
1,680.113
11,117,628
88,126,051
9.798.887
1.173,304
303,777
0.760.600
26,805.104
9.161,616
2,166,358
807,886
01,699,860
47,481,618
66,863,181
01,083,168
wTV* •••••••a««a«a*«
Total grain....
"
84,.Sia,6l»0
Co.,
....
NETT
YORK
INVESTMENT SECURITIES.
T. Stock
Branch
Bzohanee
Office. 07 State St.,
Albany
aa
8,067.760
'
PINE STRBET,
Members N.
3.001,866
*•
39
Trask &
BANKERS,
Transact a general banking business) act as Fiscal
Atrents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
17.186
.bbli.
Oats... aaa*aa*a«»««a
Barley. •eaaeaaeaaaa*
4c
1,043,925
994.208
Beoelptf do not tuolnda Rrain passing throngh
(iOrn ••a«»e«aeeee««*
Spencer
81,779
3T
orts on throuRh bills of ladlna.
Total receipts at ports from Jan, 1 to Feb. 23
follows for four years;
ii«C«t9t« of—
1001.
1000.
1800.
rionr
9,160
2,840
7,680
12,8 X)
3,839
42,000
857.650
860,285
48.000
39,860
Me
Totol week
„
Week ICOO
yfneat.
b6i«.
Port Arthur
dt.Jobn, M.B
•
tnding Feb. 23, 1901, are
,
Sew York
N«w
several seaboard ports for the week
shown in the annexed statement:
The exports from the
*'
Bbli.lOeibi BtMh.eoibi Btuh.b6lbt Bu(h.38ib« Buih.iHlbi Btt.ROl'
290,930
'ChioaRO
316,302
2,175,807
2,321,358
251.800
36.800
ttUwankea..
28.176
50,400
183,000
167,200
881,860
10.600
nnlnth
191,616
800,953
14.U9
8.796
tttnneapoUi.
469,400
26P.260
M76.P80
81,100
4.170
Toledo
24.626
78.83i4
417.702
7.500
67.078
0,060
Oetrolt
16,668
1.700
38.601
...
...
60,000
Oiaveland...
83,804
201,613
818,8e6
••
19J,820
at. LonU ....
J8.8S5
e04.«25
29.850
21.000
891,686
Paorla
421
OBOBOB BABOLAT MOFFAT.
Moffat
WHITI
Jl.
& ^V h t e,
i
BANKERS,
17.».S7.786
1,140.166
8.365,78S
AJ.BXAin)BB M.
Members New York Stook Bzobanse.
Na.
I
NASSAU STREET,
.
•
NEW YORK.
INVESTMENT SBCURITlBS.
^
:
THE CHRONJCLE.
422
iitnkj^s^ (^n^ztU.
OIVIDBNDS.
Name
of tjompany.
I
Rallroadft (Steam).
Boston
& Maine, com.
Oanacliau Fauitio,
do
do
Chic. &
Little Miami,
East.
(quar.)
..
Per
WKen
Oenl.
PayabU
Mar.
%
Mar.
Mar.
Mar. 15
Mar. 21
prel'
2
Ills , prer. (quar
giiar. (quar.)
).
West Jersey & Seashore, com. ..
Street Itailways.
Book* closed.
(Days inclusive.)
2^
Apr,
2hi Apr.
Apr.
111 Apr.
2 Mar.
Chicago City Ry. (quar.)
South Side El., Chic, (quar.)
Trust CompanlCH.
People's, Brooklyn (monthly)...
Mar.
II
1
to
to
Mar.
6
Apr.
Apr.
1
Mar. 21
Mar. 31
1
Mar. 17
Mar. 10
Feb. 21
Holders of rec. Feb. 28
iniMcellaiieon*.
Mar. 15 Holders of rec. Feb. 27
1 Holders of rec. Feb. 25
Apr. 1 Holders of reo. Mar. 15*
2
Feb. 28
to
50c. Mar. 1 Feb. 19
Apr. 8
to
Chicago Telephone, (quar.)
3 Mar. 30 Mar. 28
Continental Tobacco, pf. (quar.)
1% Apr. 2 Mar. 13 to Apr. 2
Cramp (Wm.) &S0D8 Ship &
Mar. 15
to
6
1'4 Mar. 15 Mar.
Engine Building (quar.)
Apr. 1
II4 Apr.
to
1 Mar. 27
Elec. Storage Battery, com. (qu.)
Apr. 1
II4 Apr.
to
1 Mar. 27
do
do
pref. (qu.)
to
Feb. 25
Feb. 25 Feb. 18
Fay (J. A.) & Egan, vl. (quar.)..
to
Hawaiian Com. & Sugar imthiy) 50c Feb. 2.5 Feb, 21
International Paper.pf. (quar.)
1^ Apr. 1 Mar. 16 to Mar.' '31
1% Apr. 1 Mar. 12 to Apr. 1
National Tube, pref. (qnar.)...;
li« Mar. c Mar.
Mar. 10
1
to
Niles-Bement Pond, com
Mar. 31
to
i Mar. 16
I84 Apr.
Republic Iron & Steel, pf. (qu.).
to
Apr. 14
1
Apr. 15 A.pr. 6
Bubber Goods Mfg., com
Mar. 14
to
Mar. 15 Mar. 9
pref. (quar.).
do
do
Apr. 16
to
Apr. 15 Mar. 30
Steel-Tired Wheel, com
+
"
"
"
com. (extra).
1
Apr.
to
Apr.
1 Mar. 16
United States Leather, pref
Feb. 28
to
Mar. 1 Feb. 25
1
Va.-OarolinaChem., com. (qu.)..
American Waltham Watch
American Window Qlass, pf
Cambria Iron
Canton Co
To-day's actual rates of exchange were as follows: Banksixty days' sterling, 4 84@4 84^^; demand, 4 87i^@4 871^;
cables, 4 88(34 88i/^; prime commercial, sixty days, 4 83i^@
4 83^; documentary commercial, sixty days, 4 83@4 8414^;
grain for payment, 4 84(a)4 84^4^; cotton for payment, 4 85
@4 831^: cotton for acceptance, 4 83K@4 83%.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 1-16 discount, selling 75c.; Charle.stoD, buying par,
selling 1^ premium
New Orleans, bank, $1 00 premium
commercial, 50c. discount; Chicago, 25c. per $1,000 discount;
St. Louis, par; San Francisco, 17^c. per $100 premium.
United States Bonds. Sales of Government bonds at the
board include $15,000 2s, coup., at 105;^; $20,000 2s, reg., at
106; $11, .500 33, coup., at 111 to 111}^; $300 ditto, small
bonds, at 110^, and $1,500 8s, reg., at 111. The following
are the daily closing quotations; for yearly range see seventh
ers'
to
Mar. 2
to
Mar. 9
to
Mar. 3
to
Mar. 14
to
Mar. 1
Holders of rec.
1^
com
[Vol. LXXII.
4
;
;
—
page follotoing.
31s Mar.
t Of this, 1 % per cent is on account of deferred dividend, t PayCorrection.
able at once. § Also 3 per cent payable October 15.
* Transfer boobs not closed.
II
WALL STREET, FRIDAY, MARCH 1, 1901.-3 P. M.
The Money Market and Financial Situation. —The important event of the week in Stock Exchange circles was
the announcement of the terms on which the new United
1930
28,1930
38,1918
38, 1918
28,
reg.
coup.
reg.
coup.
3s, 1918, small. reg.
3b, 1918, smalL.o'p.
reg.
4s, 1907
coup.
4s, 1907
reg.
48,1925
48, 1925
coup.
reg.
58,1904
58. 1904
coup.
Interest
Feb.
Feb.
Periods.
23
25.
-Jan
Feb.
26.
Feb.
27.
Feb.
Mar.
28
1.
x05%*105is
*105?t 106
*105% 10578 *105% '105'8 106
*110S^ '111
*111
111 *111
106
-Jan.
-Feb.
-Feb.
-Feb.
-Feb.
-Jan.
-Jan.
-Feb.
-Feb.
-Feb.
Q. -Feb.
bid at the
lllk
•iioifl
*114
*114
o
lllifl
*1H
ii6%
*ii61fl 'i'idh
*114
•114
*114
•114
111
*111
iioii
xll3 *113
>114
137\ *137ia *137% '138
*137% *137is *137% ^38
*114
'138
-138
*llli4
*llli4
*111 1*111 *lll
•111
*I11 1*111 *111
'111
* This IB the price
momtng board no sale was made.
State and Railroad Bonds.— No sales of State bonds have
been reported at the Board this week.
The maiket for railway bonds has been moderately active,
daily transactions averaging less than $3,000,000 par value,
and generally steady to firm in tone. Low-priced issues
continue prominent, and the dealings in them form a considerable proportion of the whole.
few changes in quotations are worthy of note. Central of Georgia issues were
strong features, the 2d incomes when at the highest showing a gain of 5 points. San Antonio
Aransas Pass 4s have
recently been more active than for some time past and show
a net gain of lig points. Toledo St. Louis
Western 4s
made a similar record.
considerable list of active bonds
fractionally advanced. Southern Pacific 4s were notably
active and weak in sympathy with the stock.
;
A
&
States Steel Corporation will take over the companies it
&
was created to absorb and the introduction of the new seA
curities, "deliverable when issued,'' in the curb market on
Tuesday. First sales were at 38 and 81 for the comrnon and
preferred respectively, following which the trading in them
Stock and Bond Sales. The following shows the volume
was on a large scale. The eagerness to reap a benefit from
the exchange of various old iron and steel securities for the of business in stocks and bonds on the New York Stock Exnew stock led to great activity, and the process of adjust- change for the past week and since Jan, 1
Sales at
r-Week end. March l.->
Jan. 1 to March 1.
ing values to an equitable basis caused wide fluctuations.
!f. r. Stock Exch.
1901.
1900.
1901.
1900.
circles
was
in
railway
the
of
interest
event
Another
(Joyernment bond!
$176,900
S48.300
11,485 400
f518,360
3.000
70,000
435,000
S23.300
announcement late on Thursday that the Chicago Mil- State bonds
9,148,&00
201,308,900
92,506.700
waukee & St Paul Company will increase its common stock RR. and mlBO. bonds.... 15,210.000
|lB.2fl7,800
Total
$9,396,400
|202 261.150
i9M55,800
by an issue equal to ten per cent of the amount now out- StOCki—
4,7fl9.781
52,977.741
2l,0H3,383
8,987,680
No. shares
standing.
Parvalae
1461.197,400 1297,474.050
$5,114,429,700 $1,893,682,512
$2,460
$3.S0O
$75,800
$2W,lOO
Slightly higher discount rates abroad gave a firmer tone Bank sbares, par TAlne.
We add the following record of the daily transactions:
to the foreign exchange market here, but the local money
Weekending
Stocks.
BaUroad,<te. State
U.S.
market continues in the easy condition it has sustained Ifarc/t
Bonds.
Par value.
1, 1901. Shares.
Bonds.
Bondi.
Saturday
HOLIDAY.
of late.
$3.26.?,f.00
1.068.329
Monday
$101,781,400
$20,500
The open market rates for call loans on the Stock Exchange Tuesday
1.108.880
106,251.500
2,620,500
17,S00
960.213
91,637.800
3.065,600
during the week on stock and bond collaterals have ranged Wednesday
10.000
842,698
Thursday
81,666.300
2,830,000
$1,000
SOO
from 1}^ to 2% psr cent. To-day's rates on call were 1% to Friday
789,884
76,980,400
3,436,500
2,000
2 per cent. Prime commercial paper 3p^ to 4.J4 per cent.
—
—
,
—
.
4.769.781
Total.
$161,107,400
$15,216,000
$3,000
liS^OO
The Bank of England weekly statement on Thursday
The sales on the Boston and Philadelphia Exchanges were;
showed an increase in bullion of £759,371 and the percentBoston.
Philadelphia.
age of reserve to liabilities was 45*94, against 52-24 last week;
Listed Unlisted Bond
Listed Unlisted Bond
shares,
sharessales.
thares
shares,
sales.
the discount rate remains unchanged at 4 per cent. The
EXCHANGES CLOSED.
Bank of France shows a decrease of 4,825,000 francs in Saturday
Monday
8.546
222.650
28,965
19,085
7,142
128 600
Tuesday
30.873
114 000
1S.071
6,19.1
15,780
128.700
gold and 3,525,000 francs in silver.
3i,636
44,fl66
7,0H6
33,578
Wednesday
12.702
131,880
The New York City Clearing-House banks in their state- Thursday
49 775
31.184
79,216
14,734
5.294
178.700
not
Telegram
received.
12.686
7,832
234,060
ment of Feb. 23 showed an increase in the reserve held of Friday
$1,158,700, and a surplus over the required reserve of
Total.
74.887
83,547
795,840
$14,546,675, against $12,852,450 the previous week.
Railroad and Miscellaneons Stocks.—While the stock
market as a whole has been active, the market for railway
19C0.
1899.
1901.
Differen'sfr'm
shares has, with a few notable exceptions, been dull, and
Feb. 23.
Prev. week.
Feb. 24.
Feb. 25.
steady or weak until to-day, when the tone was firmer. Of
the exceptions referred to, St. Paul was the most con.
Capital
74,222,700
92.257,.'^ 00
Surplus
Loans &dlBO'nts. 911,800,900 Deo.2,82Z,100
66,40n
Olroolation
31.225.000 Inc.
1009186900 Deo.2.142,100
Ret deposits
Specie
192,953,800 Dec. 260,100
Legal tenders
73.890,100 Inc. 1,418,800
Beserveheld
266,843,400 Ino 1,158,700
252,296,725 Dee. 535,525
Legal reserve
68,422,700
80.980,200
745,455,100
17,971,500
826,866,600
162,684,900
63.710,300
226,395,200
206,716,650
67,872,700
75,728,000
771,674 900
14,516.300
910,573.600
202,658 300
55,320,000
257,978,300
227,643,400
.
.
spicuous, advancing over 7 points on dividend expectations,
a part of which it lost after the new stock issue was an-
.
nounced.
St. Louis & San Francisco moved up over 4
points on vague consolidation rumors.
Missouri Pacific
and Missouri Kansas & Texas prefprred were also strong
On the other hand Union Pacific and Southern Pacific
were decidedly weak, Wabash preferred lost a part of the
advance recently noted, New York Central sold nearly 2
Snrplns reserve 14.546 675! Ino 1,694,225 19,678,550 30,334,900 points below last week's closing price, and a considerable list
of active stocks showed a tendency to decline. This teniroTB.—Retnma of separate ban&s appear on page 420.
was no doubt due chiefly to the fact that interest
Foreign Exchange. The market for foreign exchange dency
centered largely in the industrial list, as noted above.
has been steady to firm on a fairly good demand for bills.
All the iron and steel stocks were exceptionally active
Demand was stimulated by firmer money markets abroad.
irregular on the i^rogress that has been made in the
and
leading
rates
of
bankers
Posted
follow:
formation of the new company into which so many of them
will be merged. In the fluctuations incident thereto AmeriMarch I.
Demand,
Sixty days.
can Tin Plate common covered a range of 18 points, National Tube 15 points, American Steel & Wire 13 points.
4 65
4 88®4 88%
Prime bankers' sterling bills on London.
4 83%94 83^
Steel Hoop nearly 9 points, Federal Steel 8 points and others
Prime commercial
4 83 ©4 84^^
Documentary commercial
smaller range. All the tobacco stocks advanced on a rea
51938©5 18%* 6 17ifl®16V
Paris bankers' (francs)
of the internal revenue tax on tobacco. American
duction
40iie®40ie
Amsterdam (guilders) bankers
40!>ie'i»4038
95i8a>953,«
Sugar Eefining was active, moving up nearly 11 points and
Prankfortor Bremen (reichmarke) b'kers 94Uifl'ai94%
losing with a net gain of 7 points.
* Less lis.
—
.
,.......
THE CHRONICLE -STOCK prices (2 pages) PAfai!
New York Stock Exchange— A Daily, Weekly and Yearly
Mar.
SmturAay,
Monday,
Tuetday,
I^p//m^«///v^
rr eU'TMsvu'Uy
Feb. 23.
Feb. 25.
Feb. 26.
Feb. 27.
Feb. 28.'
March
*30
•20
21
•80
56
56
•80
•55
•30
•86
B6K
CiSM
889t
81
eCH 57H
B8
88M
88
88H
84^ 84M
76 »a
88
74
S8HI
74
74H
144
146)4
87M 88
839i 8«H
78)4
76)4
180
••••••
*••••• ••••••
•••••• «•••••
"90)4
•90)4
6694
3994
389i
749«
1491a
130
18y«
18J4
92
*B0
98
92
•78?^
'48
299^
7954
78H 78H
•45
89)4
e7>4
81
67^ 68M
i473^ 149^
•188X 190
•171H 173V4
148
190
BIH
7*A««*<#W^«aj
81
66)i
6B%
65
Si^
87
la
84)4
7494
87
156
"91%
46
30
6a
158)4
190
171M173
165
40
40)4
ias" 184)i iaaji i24M
187
187
185
18^
•176
13
18>i
137
186
8M
194
389<
•869i
196
39
87«
aS^ 23^
WH 6^
15^ leH
63!4
etH
43
43
60^ 68
•86
s
R
o
00
iVoJi
iVi"
13
•••«••
»
?
M
47M 48M
7SM 74H
131^ 131K
96K 27^
04^ 66
as
18
\%%
89^
41
9
83
•8
§<
83
43
113
•aiOU 8G0
•68
71
*«1
•110
^
^
»IM 989i
117^118H
161
163^
•88
asH
•781a...."
17
17M
5^
•B
,
43>4
17)4
m
43H
13)i
•34)4
•106
8X
43
1794
17?4
1«6>4 Zl64
•191
39X 89« 39)4
86% 86J4 •86J4
•2J)4 23)4
22
165
•194
195
5M
694
614
{1694
2794
63)4
43)^
61
•88
169i
14)4
28H
2?)«
6394
•«
421a
61
90
41H
801a
•86
198" i94M 194"
"4'7)i"4794
73H 739i
13094 18194
869i 87H
64
•24
•18
54
85
18X
39H 40
•8
•30
41
9
a
niSii 113)4 •HI
•31C
850 •810
•68
71
92
98)4
118)4
116J4
160
16194
28^ 30
36
43
113
260
•68
9194 9296
116)4 1179*
169)4 160%
30)4 33
IIH
80)4
1794
83)4 85
4H
4%
5
80)4
17
6
17)4
20
61
20^
•17
•19
SIM S6
20
68
861-j
87)4
86X
7994
80
80
78
S09i
88J4
58H
78
18
49
20H
82
88
29
•89
116
116
191
91
Do
6^H
New Jeriey....
Cbe«apeake & Ohio
Central of
Chloaflo
.
pref.
Do
Ohloasro Oreat Weitem...
Do 4 P.O. debentures.
Do « P.O. pref. "A"..
Do 4p.a.pref. "B"..
Ohio. Indlanap. * LoaUr..
pref.
Do
Ohioago
136
Chic. St. P. Minn,
148
86
64
•72
•68
04
\19%
80)4
87
65
77
63
94
81«
10%
71
41
41H
93
80
80M
70M 70%
40)« 41"
•85
93
']i«"iiM
66
e7H
85« 86X
*
93
10J4
•65
•341a
14894
48X
4794
73)6
86
•69
73
68
98
68
9i96
9396
lld%US%
160)4 163>4
38X 8i)4
84
84
17)6
•6
171a
596
7796
110
ao
"iiH
87
166
193
43
18
163)6
192
88)4
•8a94
•8194
3tf!4
96
1094
•93
•14%
27)6
63)4
48
87«
79
08
11
281a'
8494
66
25
69
Bid.
Aik.
iriw YOBK crrr.~
iMOk atAFnlF— stock.
36
100
'way A 7th ATe— fltook. 880
litHor: 6i 1904... JAD 1108
admor Si 1914.... JAJ 106
lltmort 4i 1950... JAJ
Con
6i
1043— 8m Stock Bxcbl
•var Burr lit 5(811.1924
{113
ai rental. 1905 1103)4
M tilnt
Croiitown— Stock 865
88
108
840
103
no
lit.
116
103%
iHtral
M 61 1089... '..MAN
Oea Pk
il85
130
104
310
106
N A B BIT— Stock a03U
Ooniol 711008
JAD
A Terr* Hante
200
750
420
230
A
FLWortta
104)4
( J. reat
..
Bio Qrande..
ofi.
"B"
"A"
400 3994Jan
100 l08%Jan
5336 Feb
"800 67 Jan
25.755 84)4Jan
64,495 111 Jan
31,260 168 Jan
3,148 27 Jan
059 79% Jan
•88
93
88
70
66
84),
64
83
68
149H
i^ T.Ohio.
N
Do
Do
40
•65
•93
U6
65)4
84)4
•10)6
lit pref.
8d pref.
T. Laok.AWeit«m....
N. T.
Norfolk A
Weitem.
Do
pref.
pref.
-paelflo Coait Co
Do lit pref
Do 8d pref
X
86
69
78
Peoria & Uastem
Pere Marquette.
61
PitUb. Oln. Ohio.
93)4
30)4
4094
85
84
86
>ref.
A St. L.
pref.
Do
A a. IiU
J.
Do
Do
pref.
TOt. tr. oti
lit pref.
8d pref.
Railway.
Bid.
Cbrlit'p'rAlOth St-Btock 180
OolA 9th Ato 5i-S«< Stock Bzohl
180
Dry D B B A Bat— Stock.
lit gold 6i 1933... JAD 1116
101
FAA
S«rlp 6i 1914
Hlghth ATenne— Stock... 898
106
Scrip 6i 1914
4ad A Gr St Fer— Stock... 396
68
48d StMan AStN ATe..
lltmort 6i 1910.. MAS 118
99
ad Income 6(1 1015. JAJ
Lex AtA PaT F
Mar
J'ne
18496Sep 149)4 Deo
k
6 J'ce 18 Deo
80 Jan 35 Deo
8^
%^
68)4Jan 7 8)4 Deo
80)6Jail
81
4994 Sep
9;
78 J'ne 04 Jan
I
86 Dee
16 Sep
t
49 Jan 71%De«
30%Deo
7
8396 Sep
80 Dee
43i4Jan
f
7
80 Jan 05)4
(
6 May
64)4 Deo
38)4May ..f^R*"
f
S
DM
1
1
'
11
,
1196J'ne
81%Deo
Leii than 100 ihares.
(Given at poot of 7 oonsboutivb vkq^z).—81RSE1
Street
6
a96Sep
1104 Jan 115
;
lit pref., TOt. tr otfi.
t.
1794 Deo
lO^Jan
19)4 Feb IS
696Feb 13
1
2d pref., Totlng tr otfi..
Bio arande Weetem
HM C
1^
66
396Jan 24
96,780 143)4Jan 81 163 Jan
4,800 14% Jan 83 23)4Feb
660 8894Jan 9 65 Feb
88 78 Jan 8 79 Jan
67 Jan 30 69 Jan
"sb'c x88 Jan
4 95 Jan
80,300 34iaJan 4 86 Jan
80,710 68iaJan 4 77 Jan
16,600 88 Jan 8 4794Jan
65 Feb 6 70 Feb
93 Feb 16 94%Feb
!••••>
600
7% Jan 81 14)4 Feb
1,043 58 Jan 8« 73 Feb
30 Feb
1,023 80 Jan
4
T^ Mdlng, Totlng tr. otf 1.
96
66
.,,,.
Do
Do
8
4
21
ai
9
16
21
1
tou u.etfi.
Do
18
|134%JanlS 139 Feb 81 1130 Jan 1185 .Mar
i206HFeb37 n3)6Jan as i807948ep l3159dJan
13,600 28%Jan 81 35>tJan 13
18)4J'ne 38)4 Deo
86,085 42 Jan 10 4S Feb 16
8896Jan
4594 Dee
300 88 Feb IE 8496Feb 1
67 Jan 63 Deo
63,570 77)4Jan 81 00 Jan 6
86)4 Deo
4594 Sep
e
67 Sep
4,076 84)4Jan 9l 83 Jan
01)4 Deo
300 69 Feb 1 61)4Jan IS
46 May 68 Not
80>4Deo
100 89 Feb 86 9494Jan 10
83)48ep
67 May 69)40ot
63 Jan 8 68 Jan 12
Weitem
Nor. Pao. By.,
1294 Jan
81
81
1
"Ya
New Haren A Hart
N. T. Ontario A
9
8
78)4 Dee
6894 ^Jo"
119)6Jan 144 Dee
88 Jan 109 Mar
119)4 Deo 135 Aug
9%8ep 18 Deo
81 J'ne 9iui>ea
68)4Aug 83 "Deo
30 J'ne 45 Dee
14 Jan
89 Apr
64 Dee
45)4Jan
108)4J'ne 148!4Dec
169)4Jan 187)4Deo
i50)4Jne 17a94Deo
195)6May 830 Deo
102 J'neliaaj^Dee
110 Oct 136 Not
173 Feb 175 Mar
8V60ot 1494 Deo
86)40ct 39HApr
55 J'ne 76 Deo
103)6J'ne 118 Deo
30 Not
14)4 Jan
73 Apr
46 Jan
5 8ep
694 Deo
86 Sep
47)4Mar
81)4p'eb 9
14 Sep
20)4Mar
17194l'"e> 18 106)4 Sep 134)4Deo
803 Jan 8 ni)4Sep 19494 Deo
4 3)4 Feb
9
16%Jan 34)iDeo
899tFeb 9
64)6J'ne 87 Deo
3S)4Feb 13
12 J'ne 81 Deo
6% Feb 18
4 J'ne
6)4Mar
i6%Feb 18 la J'ly ao%NoT
31 Jan 7
10%Sep 87% Dec
69i4Jan 8
8J9«Sep eSHDec
4e)tJan 8
15 Sep 48)4 Deo
65iaFeb 18
6496Mar
38)60ot
00 Feb 15 74 Oct e4)4Apr
89 Feb 8
15 J'ne 37!4Deo
300 Jan 9 14494J'ne 191)4 Deo
6794Feb 14
53)6Mar 66 Deo
10)*Feb 18
6)48ep
896 Deo
4 9% Feb
6
30)6Jan 4a%Deo
78 Feb 6
88 Jan 7494 Deo
186 Jan 9 no J'ne 13 894 Deo
23 Jan 3
ll%Jan 8796 Deo
66 Feb 80
39 Sep 58 Mar
28 Jan 15
10 Jan 86 Deo
19 Feb 4
17%A.pr
7 Sep
43 Feb 8
a7)6Sep «3HApr
10)4Feb 13
6 Dec
3%lilay
33 Feb 18
14%0ot H3 Dec
16)4Jan 3
aO%Mar 68 Deo
114 Feb 7
83)4Feb 115 Deo
5335 Feb 19 1197 Jan 1240 Deo
89 May
70HF»ib 8 47% J an
9394Feb 6
89)6Dea
6894 Sep
136%Jan 12 84 J'ne 116%Deo
174 Jan a 14394 Sep 183 Feb
32i4Feb S8
a4%Jan 37)4Apr
8594Mar 1
76 Feb 84%NoT
7894Feb"28
45%J'ne 71%Deo
000 lOl9<Jan 7 110 Jan 18
87)4J'ne 104!4NOT
27 Apr
18 Jan 11 81 Jan 9
14 Sep
47 Not 69 Apr
63 Jan 21 6S)4Jan 2
13,060 15 Jan 21 8«94Feb 6
17)6Deo
9 Sep
71,9i8 43%Jan 4 61 Feb 6
47)4 Deo
9696Sep
23.e8B 69 Jan 4 93)6Feb 7
73% Deo
3896Jan
3,136 44 Jan 31 83 Feb 36
35 J'ne 49 Deo
10 il91)4Jan 8 l«394Feb 19 il83)4Jan ll80%My
17,850 1399iJaa 21 147 Feb 15 1359iJ'ne 14596 Deo
1,270 1796Jan 21 21)iJan 2
11 J'ne 24%I>eo
465 97 Mar i 109 Jan 10
76 J'ne 110 Deo
l
0,640 47 Mar 1 5fl)4Jan
80 J'ne 58)4 Dee
Biiez
Y. Central A Hudion..
A St. LonU...
1\T
7
87% J an
li",0l6 "8794 Jan "iB
MomiA
69% 70H A*
83
I
•63
148)4
•73
•68
•98)6
89)4
31
71
41
5,100
8,000
Do
pref.
2094 Mo. Kaniai A Texai
B4J4
Do
pref.
8994 Miiionrl Paolfla
79 MobUeA Ohio...,
87
79
31
Jat. 80
3,400 41 Jan
3
3,908 6994Jan 31
6,750 l3796Feb 1
2,500 31 Jan 31
1,700 48 Jan 81
1,800 21 Jan
8
300 18)4 Jan 4
2,800 35 Jan
4
50
B94Jan 8
100 24 Jan 2
60
1994
63%
Jan
5 Jan
1396 Jan
3496Jan 4
8a94Jan 21
39!4Jan 4
41 Jan 81
200 81 Jan 4
35 Jan 89
6,891 188 Jan
4
66 Jan 3
7%Jaa 88
Northern, pref. . .
otfi.
80
13
26,050
18,797
8,178
3,500
pref.
Jan
16
13
66 Jan 10
1
Feb
1 1 6
Mar 1 135 Jan 9
8894Jan 18 919<Jan 8
e4%.(an 4 S9)»Feb 4
liS94Jan 4 161 Jan S
86)4Jan 31 42%Jan a
869iJan 21 41)4jan 9
72)4Jan 4 7e9«Jan 8
138MJan 4 14S)»Jan 7
2 ill)»Feb 13
91 Jan
iaO)4Jaa 8 134 Feb 13
2;94P"eb 6
3
16 Jan
0194Jan 28 «3%Keb 6
77 Jan 19 8594 Feb 5
42 Jan 3 S4 Feb 5
33 Jan 81 86 Feb 8
6894Jan 31 7!i2p'eb 9
143)4Jan 81 183 Jan 6
187)tJan 4 95iaJan 38
5
IftSHJan 21 177 Jan
207 Mar ) 833)4Jan 5
7
11 6% Jan
4 li896Jan
198 Jan 9 137 Jan 11
i8494JaD
P 185 Jan 11
iO)4Jan 16 lS>4Jan 31
83 Jan 81 3994 Jan 31
78VJan 25 81 Jan 14
llB94Jan is 119 Jan 14
3796Jan 7 35 Feb 18
68 Jan 16 77)«Feb 8
696Jan 81 ll)4Feb 18
40 Jan 31 48 Feb 11
!)
.
Denrer A Bio arande. ....
t»0
Biglust.
40)4J'ly
4
11,830
1,356
2,930 1(5)4 Jan 4
15,123 128)«Jan
100 xl88)4Jan 3
6,100 89)iJan 21
68 Long Iiland.
, ,
91)6 92)4 LonliTlUeA NaihrUle....
\M anhattanBIeT.,eoniol.
11796 118
161
I6194 iUetropolltan Street
3^
S3
Met. Weit aide BO. (Ohio.)
8896 8894
Do
pref.
17
17)4 Mexican Central.
Mexican
Nat'l
tr.
''^
recti...
,.5*^
•106
Michigan Central
76)6 7694 MluneapoUi A St. LonU...
•102
110
Do
pref.
•17)6 20
Minn. at. P. A B. B. Marie.
63
74
61
93
Bid and aiked prlcei ; no lalei were made on thla day.
Straat Rall^vnT**
pref.
& BoDthem
Do
let pref.
do
Do
8d pref. do
Delaware A Hndion .....
i' el. Lack. A Weetern.
J?^,P^
64
10)4 IIM
10)6
600
900
700
"471a "4896 LJooking Taller
6496
88)4
79)4
4096
•66
•93
66
Do
.
4,410
1,900
7E4
Colorado
BTaniT.
.S2^
°J>*
•86
90
Do
48
86
96
67
OUTSIDE SECURITIES
lit
7094
....
87)4
Do
pref.
83)4 Dei Molnei * Ft. Dodge.
6!4 Dal. 80. ShoreAAtl
16)4
Do
pref.
28V4 I^rle......
,,..,
6496 Ci Do
lit pref.
43)4
Do
8d pref.
•5>»
80%
174
40^
65
100
.
pref.
'a
'i^ 'L
896
8
il8
•1796
61
36
78
64
93
40
85
Om.
67
68
87
3096
ft
^
148)4 149)4
25)6 27
2994
70)4
800
A* Do
7896
pref.
18U)4 lUlnoli Oealral...
181)4 130
,,
2o
86
Iowa Central......
36)^ a6ia
Do
pref.
63H 6394 .52^ Si^
86
ETanawhaA Mlohlgan...
85)4 26% •86
•17)6 1896 •16^ 18
iVan.01ty So. 1 ot. tr.ctfi.
Do pref., Tot tr. otf 1.
89>6 89>6 •87% 89)4
•8
9
18
8
Keokuk A Dei Molnei
•30
33
•30
S3
Do
pref.
41
r akelrleA Weitara,...
48M 48)4 41
113
9113)4 118)4 1111
Do
pref.
•310M 360 •210)4 250 Lake Sh. A Mlota. South. .
130
•49
30)i
63
149H
Panl.
Do
Deb.
,,,.,;
61
64
21,800
6,746
301,850
Ohio. Terminal Traniter..
85)4
Do
pr«f.
76% 7B% Cler. Oln. Ohio. * St. L. .
76
116% •115)4 ll«ia
Do
pref.
80
811a ;j:ii2 OleT. lioraln M Wheeling..
"l3J4
3596
M
82
62
St.
Do
•193)^ 197)4 •193)4 197U •193)6 197H §193)4 193)4
143 144M 14394 14394 14394 148}:^ 14896 143)4
10^ 10)4 19
199i 199i
19h 181a 90)4
•101
97 100)4 07 07
100
103J4 100
•47
47
60
60
47)6
61
iSl
49
187)4 140 •137)6140 137)6140
•187 139
•137)4 140
•805 809
210 •906 SIO 309 910
1206)4 206)4 aoe
30% SIX 30% SIM 30% 311a
31
33
81)4
81
45)4 47)6
4694 46
48)4 46W
4894 «6)4
4694 45%
83
83
83
88)4 83)i 83
83
83)4 88)4 •80
82)4 83M
83)6
84
889«
84)4
83)4
83)6
88M 839i
87
87
8794
87)6 87)4
87)6 8796
»7H 87H «87
•62
64
•63
64
63
64
69)6 68)6
63
•87
88
02
•87
•88
89
89
89
01
90
•69
67
148)4 l*9yi
8B94 8694
»6e
66
•72
77
•68
64
MUw. *
450
aBo
700
Cbloago
30M aoM
101)t lOlH
•49
61«
67
pref.
Chicago BorL & Qnlnor..
Chioago A Bait. Ililnoli.
•193Wil94
143!^ 145
68
Alton
A.
Do
Lowest,
8
•
9,400
4,060
28,690
2,640
8,100
94,625
8,ino
15C
4,600
anada Soathem
V
. -
100
490
pr«(.
/ lADAdlBii Paatflo
vTr'nB.AW.,deb
•17)6
7SM 79
Sep 95 De«
50 Dee
1896Jan 4894Dea
58!4Jan 8«94Doo
65)4Jan 89%Apr
7294Jan 90 Apr
47)63ep
88%De«
52 Feb 85 Deo
08 Jan 13S ij^
8494 8-p
9994 Feb
4796Feb ei)4DM
115 Jan 150)4 Deo
84 J'ne 4 394 Deo
48 Dec
81 Oct
100
44,100
iVi" 104% iVi"
20
20)4
6394
8894
68)4Feb le
9096Jan 8
94 Jan 7
..
.
•106
20
60
98,210 43)4Jan 21
4S,95B z82)4Jai:j 81
13,600 8;94Jan 4
6,179 839iFoo 28
77,493 78)4 Fob 27
.
116%
"78" "7894 77)i "78)4 78
76?i 78«
•106M 107Ji 107)4109)4 108 110 •108
•16
•45
80 Feb 90
S8^Jan a
1,004
896
8)4
43)4 4294
IS
1796 17%
16S94 164)4 >6«H
•193
195
194
39
39
30)4
87)4
80% 86%
82)4
23
83)4
6H •5
6M
IBi*
1494 1494
a7i< 27%
87)4
689^
6S9I4
8494
43)4
41H 43
80)4 •50)6 61)4
•86
00
90
mn
90 Feb 90
"9V6 55)4Feb 2 5
pref.
894
i!'<
7896
130H 13154
8694 2694
6394 6394
84)4 aSH
•17)4 18)4
3994 40
9
30
41H 41
76
Lowest.
A North Weitem.
207 807
Do
pref.
123% 122)6 131% Chicago Book IiL * Pao..
•184
43
*^.
73H
85
•34)6
pref.
.
am
12294
•135
127
•175
185
18
13
13)4
"'9)< "'9ia
•*••«
CD
•94
9%
9H
Do
76)4 Brookl jn Rapid Tranilt.
Baffalo Booh. * Plttibars
4094
137
185
SBHi
86>< 85^
84^ 84)4
75
•76
76V4
76)4 76)4
76>;
•lie
117 •118 117
116J4 116J4
•
•
80
30
•
30
•69
7212 69
72)4
69
69
•44
44H
173a 18H
ie4!4 166^
Fe.
SS^
pref
881a
Do
2^*« l>alt.40hlo,TOt.tr.oertft.
166
188)4: 194)4
•185
•175
Highest.
pref.
4t
«
i9i9<
A nn ArhoT. .....•• ••
A
Do
Santa
Atoh. Topaka
11^ 86
8iM
76H
Bangefor pre*ousyear (1900).
Week.
Shares
Railroad Stocks.
87W 88
8896
1.
81
06)4
8796
8394
73)i
, . . .
*125
•173
Friday,
1
Kecord.
Banff e for year 1901.
Maiet
of the On basis of too-sh're lots
STOCKS.
W. Y.8TOCK BXOH.
•164
168
3996 43
88h 88>6 38)6
,?!« |«« 38H
74
74V6 74>t
74M
144
146
48)4146!4
143)4 144%
106
106
106)4 106)4 •100)4 11-7
•123
130
139>g 189)4 1128
180
18 '4 18i4
1896 90
18)6 1894
•90
93
93
931a 9194 W2
•7S)4
80
80
80
•78'a
•7JH
44% 4»
•44)4 45
4494 4*94
31
33)4
31)4 3i94
*\i\i 83
6996 7u
68>4 70)4
69)6 7094
16i<94 155)4 163
153)6 15394
lS5i>4
191
191
191
193>a
1901a 191
173
1721a 173)4 173)6 172)4 •17i
168
108X107
•127
46
76
,••••
144
18H 19H
S6)t
56)4
89)4
"ioH
881a
74)4
lOSU 107
•128
6594
87J4
66)4 67
57W
1B6M 156 186H
39)^ 8»M
8>*Tt
iBBlli
21
55
87« 88
84H 84H
779<
•fi6>-j
i23
1.
2, 1901.]
STO0K8-HiaHB8T AND LOWBBl 8ALE1 PB10B8.
H
^
.
6i-S«« atk
Ninth ATenne— Stock.
. .
Aik.
185
lit.
188
118
103
406
109
408
78
116
100
Bzohl" 1st.
196
800
Street
Railway.
Bid.
Saoond ATenne— Stock.
199
lit mort Si 1009. .MAN J107
.
Ooniol. 5i, 1943.. .FAA 1118
Blxth ATenne— Stock. ,
800
Son BooJeT 5i 1945.. JAJ 111
So Fer lit 5i 1919. .AAO aoB
Third ATenne— ,$«< Stock Bxch
Tarry
5i.l988 107
Tonkeri St BB 6i
104%
88th A 80th 8U lit 5i. '06 {110
Twenty-Third 8t— Stock. 400
.
,
W PAM
.
Deb 6i 1006
JAJ
Onion By lit 6i '48.FAA
BROOffLTN.
180
•• ••
100
107
118
410
106
118% 115
103
Weitoheit lit 6i
318
116
•
dkc
Bid. Aik.
Streat Railway*.
no
'43.. JAJ {100
Aik.
803
108
Hit.
RAILWAYS,
t
AUan. ATe.,3i I939.AAO {107 109
Con 5ig 193i .. ,A40 114 117
Impt 5i— Sm Stock Kxo b lilt.
108
B. B. AW.S. Si 1933. AAO 100
840
Brooklyn City— Stock.,,
CoDt Si— So* Stock Bxo b&twe
Bk!ynCroMtnSi1908.JAJ 106
BklnIl«rtiHi Si 1941AAO 100
B'kynQ Co.* Snb— Sm St ok Kx.
Bklyn Rap.Tran.— 3m 8t<' ok Bx
.
943
lUU
100
Un.
Lilt
.
,)........
.
THE CHRONICLE-STOOK
424
MT00K8—HIGHB8T AND LOWSBX SALS FSIOXS.
aaturday,
Monday,
Tuuday, TTedneMiay TAunday,
Fib. 23.
Feb. 25.
i>6. 26.
•95<
S4M
88
63H
86
70>«
S654
89
65
»fH
70
69
705<
36M 38
SSH
e«
e4M
26H 8SM
•81X
88H
76)4
am
78
a7H 89
IS
1254
38M 88H
88« 68K
1147
147
88« eo«
84H 8SH
•130
183
ll« 18^
31H 88M
•es
68H
70
70M
69)4
85)4
86
82
88
88
85M
38)4
88)4
63)4
36)4
84H
68)i
36>4
65
2B)4
24)4
77)4
84)4
7714
88
88%
•11%
S8H
83
13)4
13
38
09
33)4
69%
83K SIH
178
'160
90M
007«
8iJi
17)4
•16"
160
*0H 90M
91
176
92
150
•160
176
95
30
98
30
tr. otfi.
pref., TQt. tr. otf«
Do
"87"
81
ai
81)4
71)4
73
»SH
87
87
ISO
8S
85
•180
35«
69
68
asH
•86
•84
'180
35V<
•68
88)4
87
86
leu
85H
•4H
•88^ "as'
50K 63
98
94H
30M 36
S2% 84H
44)4
98M
13BH
181
•94
66
89
H
17
O
o
CO
183
lom
1S8J4
121%
9B
79
\0C,H
118!4
iie«
o
51
17
74M
44M 45
74)4
t%
44
183
10
45
'117
185
15J< IBK
193)4 let
»
46
88«
48
84H 34M
'4H
•24
4S5«
bs
35
5
35
50
48
91)4
879«
91
94
97
185H 136
121
181
•t4
96
64
6V«
100 101
117J4 181
*16M
74)4 74)4
44)4 44J4
183)4 184
•9)4 10
43
41)4
1116)4 118H
16
16^
198M 194
47
48H
97
86
(<8h
81M
88k
61
88)4
4454
81J4
88)4
86
90
86
818
316
310
46
•81M
88Vi
*8»4
81)i
46N 46«
94
94
aax 33
71)4 1»H
6BM ee^
88)4
76
•76
•96
•10
88M
76)4
76
100
15
88« 89X
191
16
88M
4i;«
74)i
46
100
«1
ice
•34
168
88
76
7X'
88
82
16
88)4
48
197
14«
64
•61)4
•88)4
4
86
•14%
40
87i4
76)4
197
16X
64)4
63)4
as
Lou.&Westem.
.
4)4
94)4
38)4
73
73
bS)4
66
8M
6M
88)4
88)4
76M 78
x73
•97
•10
88^
•92)4
16)4
•8i
73
100
16
89
tSii
18
84
41M 4>M
745ii
89
100
36)4
75>a
196)4
14M
69%
•61)4
•31
89%
70
4
70
611a
87H)
eeia
4)4
42
117
47
97)4
26
181)4
88)4
44%
87J4
St
«r.8t.&New lst5i'08F&A
S*<p.>t St Lorimer St. 1st 6s.
96
62)4
99
100%
119« 121)4 119)4121
17)4
74
ilH 47%
lb5
186
•9% lU
43)4
135
183%
88H>
48
86%
89
70
88%
78
74
100
93
16% 15%
87
42)4
7%
>a
42%
76
47
109
•92
73%
73
43%
•74
73
69% 72%
'«H S'a
28% 89^4
•77
77%
74
•96
9
74
100
9
38% 89
38% 89%
03
16
88
83
211
4eia
94
21% 29
78
75
100
10
771a
15
83
441^
87%
81
6%
76
100
10
89%
•98
17
8a)4
94
f
80
135
89
43
86
88
6
88% 28%
10
48% 48
115
83%
73
67
77
47)4
188)4
10
•eig
89
45
89
73%
66% 66%
72
•78
•97
46%
186
83%
9ii
31
4%
81
nn
7413
16% 16)4
94)4
82)4
19
145
•16%
•73%
81
pref.
93
16
86
44
•88%
75
•76%
93
16
86
93
16)i
48% 44%
.
108
36
153
83
1S3
28)4
74
38
36
165
•160
86
166
81% 33%
78
78
7%
7%
•73
7%
71a
Do
76
7%
14
14%
63%
63
83
61)4
•81% S2
69%
Do
Laelede Qai
(St,
Do
3%
a,48C
77,961,
pref.
16
16!4
12!4 18%
78% 74%
57
12%
74
157
158
!8% 131a
73% 73%
20
28%
61
62%
4
53
. .
Do
pref
80% 80% United atatei Bnbber
Do
pref.
59% 61
148
143
138 143
188 143
Weill, rargo A Oo
Union
Telegraph
est.
86
86%!
86%
88% 87
86
86%
»m
no sales on this day.
t Bz 100 p. o. stock dlr.
I Leas than 100 sbares.
60
137
19
60)4
19
19%
60% 60%
Bid
336
108
Ask.
103
100
114%
104
106
Clogs Oo. noTated.—
in 4s 1940— S«« Stock Bxoh
Nassau Kleo pref
76
ts 1944
..AAC 110
ljt4sl»61
J&J i 08
K«irWmb'g&Fllstex.4)4B 104
8t;«|D;vaylstesl928. ..J£j |«117
(Given
OTHBB
105
list.
80
114
97
106
118
Istoonsoi
Deb
6s
Bid.
Ask.
400
400
3,000
29,795
1,610
1,470
5S1931.FAA 1117
A40
1107% 110
359 860
Chicago City BB— Stock..
IndlanapoUs Str'tBy— S«« Phil a.
GlOTeland City By
103
CleTO Clty-lst 5s '09.J4J 103%
Cleveland BDeotrlo By
83
Con 5s 1913
MAS 103
Columbus (0)8tBy,.,,..
80%
Preferred
09
. . .
118%
Ust.
ioa%
106)4
84%
104%
41
101
Feb
9S%ilar
31
4
1
S
9)4.>iar
1
1
6%Keb
4
1
28
2
a-:
Van
11
7
esiaJan 15
Jan 16
3-%Beb £6
86 Feb 18
53)tFeb 11
10l)4Feb 25
6 lOo
6%Mat
18
Sep
85%Deo
Deo
14
37
Deo
18%Deo
58%Apr
44)4 8ep
33%Mar
31%J'ne
30%Mar
10 Sep
67 Apr
30 Sep
8
111
J'ne
Jan 1160 Not
89%Deo
99%N0T
13%Jan
3B%Nov
57%J'ce
73
30
J'ne
Deo
3 7% Apr
88%Sep 100 Apr
18
OOHJ'ne
78%Feb
8 Nov
S4%Deo
l6)iFeb
Feb
60
7%Jan
18%J'ne 3l%Jan
58%Deo
34%J-ne
85 J'ne 99 Not
17 J'ne 50%Feb
3
J'ne
IH
86 Feb
64i4Sep
81
a8%J ne 59%Apr
81
69%J'ne 95 Feb
2 147%Jan
2
95%Mar 149 Deo
3 188 Feb 28 107 Mai 118 J'ly
Feb 6 187 Sep l98%Jan
Feb 25
18 J'ne 57%Deo
Feb 27 70%J'ne 92 Deo
««7
4 79
iv 103
122XFeb 87 84)4J'ne 114%Deo
3
Mar 1 138 May 140 Feb
2l;^Jan
ai!4Deo aa%Deo
76%Jan
76 Dec 76%Deo
21 48MJan
37%J'ne 54%Apr
18 188% Mar
140 Jan 183 Deo
IH lt%Feb
6%J'ne 16%Jan
21 66%Jan
39%8ep 56%Deo
188 Jan
117 Got 131% Jan
18 18)gJan
11% J'ne 21 Apr
18 196MJan
tl84 Sep 301 Not
4 4g%Feb 2
81%May 40%Deo
8 98iaFeb 86
70 May 95 Not
8"'
i7%Feb 15
2i
'
2 14
17
17
1
26
19
29
81
2
Feb 18
Feb
59 Jan 8
9n Feb 35
Sep
3S%J'ne
60%J'ne
82%Feb 14
64
88),
89)4
89
98%J'n»
58)4 Deo
79 Si Deo
May
81
14%Mai
Mar
75
J'ly
If
Feo SO 120 Jan 300 Dee
Jan a 44' May 80 Not
97%Jan
98 De3 lOS Not
22
23%Jan
31
7 4)4 Jan
7ie)4aiar
10 318
16 53
8
7
P)4Jan 28
11
80
14%Jan
37 Jan 21 x43 Jan
92 Jan 2 94)4Feb
16)4Mar 1 aoiaJan
82 Jan 12 98 Jan
40 Jan 7 46 Jan
72iaJan 3 79 Jan
37 Jan 21 50 Feb
90 Jan 21 103)4 Feb
51 Feb 88 70%Feb
93 Jan 9 lOeiaFeb
35 Jan 10 37 Jan
16uiaJan 25 164 Feb
19)4Jan 3 25 Feb
73)tFeb 14 88)«Feb
6;4Feb 4
7iaJan
38 Feb as 47)(Jan
95%Jan 21 10«%Jan
13,810 19 Jan
7C0 12% Jan
1,800 f<0%Jan
839 153 Jan
17,196 11 Jan
11,876 73 Jan
9,7^0 18%Feb
4,107 59%Feb
Street Railways.
Colum By— Con 5s.-S«« P
Crosst'wn— 1st
4S%Jan
70%J'n«
58
24
13
86
IS
86
7
5
19
2
2
14
23
85
85
6
2S
8
4
15
16
22
89
2
2
2
a
J'ne
28%N0T
Not
65%Deo
3)4Ang 10%Jan
88 Deo 29%Deo
78 Deo 77%Deo
65 May 80 Jan
96 Jan 100 Jan
6MJan
23
J'ne
79%J'ne
18%Ma9
40% Not
Feb
96
15%Aug 28%Feb
An» 10e%Feb
S2%nct 46 Not
76%N0T
89)4 Got
20 J'ne 53%Feb
83
79%J'ne
40%J'ne
86%May
SO
113
Not
Sep
13% Jan
8%J'ly
85%J'ne
97
Feb
69%Dee
105%Deo
37 Apr
175 Not
a 8% Deo
9
Feb
57
Not
81%Got 111% Apr
33%8ep 58%Jan
35 Jan 28 52 Jan
74%Feb 37 83 Van
89%NoT
70%feep
600 195iaJan 21 2 3 Jan
176 J'ne 204 Deo
6,666 ISHJan 22 ISVan 2
8%J'ne 87%Feb
8,997 6S)4Jan 21 65iaJan
2
49 Aug 70%Feb
«'4iaJan 14 6 5 ig J an
7
69%Jan 66 Dec
19iaFeb 5 25'4Jan 2
88 Not
17)40ot
1,800 65 laJan 22 70i^!Feb 18
59% J'ne 71 Not
500
SfKJan 19
5V«Feb 11
4%Mar lOMJan
88,666 60)4Feb 28 67^4 Feb 5
49 Oct 104 Feb
Ss.
Grand Baplds By
By—
7
nSO Jan
7',866
ei
Jan
18
Si^Mar
21
29
'
2«
18
21
21
8C
7
Jan
74%Jan
< 5 9% Jan
16
Feb
79 Jan
34 Jan
85 Jan
11 (139
Kl 91
Feb
Feb 13
13% J'ne ai%Deo
10
J'ne
Feb
35
66%May 77%Feb
145
Mar 169% Deo
7% J'ne
Jan
19
65
J'ne
79%N0T
31
J'ly
44
Jan
74%Deo 104%Jan
130 J'ne 140 Deo
77%J'ne
88)4Jan
«Bx rights.
PAQm).—Sl RBBl RAILWAYS,
foot of 7 oonsboutivb
C1TIH8.
1917
4,300
138
Street Railways.
Buffalo Street
....
a.t
700
new stock
Do
Ontario dllrer. ...... ,
78)4
99%
18%
71%
21,800
60,47f
9,047
NewO«nt.Ooal (new itook)
N.T. Air Brake
North Amerloan Oo
Standard Bope& Twine..
Tenn. Ooallron A BB ..
Paelflo Land Trust.
Tezaa
31%
18% Union Ba« * Paper
Do
78
pref.
67 United Statee Bxpreis....
States
Leather
United
12%
•3%
51
COO
pref.
.
4
600
National Salt
68
60% 68%
39% 29^
16% ISh
71
71%
166
pref.
Do
*••••« e»««
•••••• ••••
8
60 Feb 7
.S«%Feb 8
Ife^Feb 14
Jan
Feb
l,b63 z74
78 Feb
690 70
77 Feb
lOU 93 Jan 31 100 Feb
2,800
pref.
90?«Feb
19)4Feb
34%Feb 8
15%Feb 16
39)4Mar
22
Jan 34
Jan 18
pref
Do
De«
Dee
18)4 Deo
70%Deo
61%J'ly
147% Jan 30 136 Jan 146 Dee
87HFeb 7 44%Jan 8i%De«
Jan 24
4i2Feb
24 Feb
ItOO
National Lead.
National Tube Co
84%Dee
78
55
4 5% Deo
30%Jne 45%Deo
10%J'ne as%Deo
49%J'n« 73%Dee
13%J'ne 86% Dee
45%Mai 135%Jan
18
5)tJan 24
31
386
National Steel
B
9
Sep
81%J'ne
8%J'&e
ai%j'De
18)4 Feb 18
3<HFeb
B7%Feb 87 70 Jan
aoo
3,216
16% 16H Repnbllo Iron St Steel.
Do
pref
64%
61% 63 •23"
Surer BaUlon Certlfi.
loia-Sheffleld S. * I ...,
•31% 88
"ii"
Do
pref
69% 70% •69
70)4
8% 4%
sa% S8%
87% 81
765
19,768
16,156
National Blioolt
Do
1
Feb
91
129 Van
1
Manhattan Beaoh Co
Do
1
8%J'ne
64
1,435 34 Jan 30 37 Feb se
37 Not
3 4% J an
163 11-19 Jan 12 105 Feb It 1142 Mai 191 Deo
4.0«0 31%Feb 2
41)4Jan 9
37%J'ne 49%Apr
pief
Lonltj
pref
Do
11
31
Mar
25
8 il63
83%Jan 81
.
. ,
70
87iaraii 21
143,815 45%Feb
S9,U4» 88 Feb
193,660 23 Jan
80,485 69 Jan
347,703 88 Jan
84,110 8a%Jan
Amerloan Sugar Beflning. 489,460 iSiiaJan
1,506 117iaJan
Do
pref
i> |K4 Jan
Amerloan Teleg. A Cable.
1C7,849 65 Jan
Amenoan Tin Plate
Do
pref. 2a,8S8 87 Jan
354,8S0 llOiaJan
Amerloan Tobaooo
no 137 Jan
Do
pref
300 i8%Jan
Amerloan Woolen
800 72 Jan
Do
pref.
13,060 40%Jan
Anaoonda Copper
,,,
2,2i0 175 Jan
Brooklrn Union Gai
9^0
raniw. Dook&C.Imp't.
8VJan
Colorado Fuel A Iron .... 16,560 4l94Jan
50
Do
117 Feb
pref.
400 14 Jan
Col. & Hook. Coal St Iron.
Coniolldated Gai (N. T.).. 13,087 187 Jan
89,995 SSMJan
Continental Tobaooo
5,975 93)4 an
Do
pref
4,800 25 Feb
Crucible Eteel of An erica
278 Bl)4Feb
Do
pref.
1,200 88 Feb
Detroit City Oat
189,830
41 Jan
Federal Steel
Do
pref. 170,653 68 Jan
700 72 Jan
Oaa St Klec. of Bergen Co.
4,756 188iaJan
Gleneral Bleotno
1,200 45 Feb
Qlacoie Bagar BeOnlng.
205 94 Feb
Do
pref.
8,120 23 Jan
International Paper3.676 t9 Jan
Do
pref.
16,200 54%Jan
International Power ..,,
600
lotemauuixai oiiTer.,,,,
6!4Feb
2,823 34%Jau
Internal. Steam Pomp..
38
14% 15%
63% 63%
1
Feb 14
37% Feb 13
89 Feb IV 3a%Feb 18
i84)4Feb 'S l8J%FeO 21
3',6oJ xl9 Jan 21
33%Jan 3
6,480 187 Jan 19 73iaJan 7
2,360 apiaJan 18 SliaJan 3
10 86 Mar
91iaJan 8
pref.
33
39
39
Paolllo MaU
38
eop'l'tQa*-L.&C. (Ohio.
101% 103% 101 103%
100 103
Preeied Steel Car
86
36% •36
86
3519 36%
74 75 78)4 75
Do
pref.
74% 76
198% 199 •198 800 •108% 300 Pnllman Company
39
31
14 la Jan a
88iaJan 17
82,840
500
pref
Amerloan Llnieed
..
44% iSH 43% 44%
101% 99% 100)4
e4ia
51
86% 68
101
101% 100 101
8
4
k6
Higkett.
71i3Jan 88
21
1145 Jan
malgamatnd Copner
Amer. iigrlcnltnrai Chem.
100
58)4
53)4
6s '39.J&J
•94
61
99
63)4
311
313% 213
48% 45% 46
154%
jatJ
1st 6s 1908
il oertfs IndbtlOOS.J^
B'kC&New
81)4
88)4
439(
89)4
68
Brooklyn.
61
99
193% xl91%191H 193 Its
48% 46% 47% 45% 47
97% 97)4 98H 98% 98)4
88% 26^
37)4
2ehi 86%
68
nvt—t Railways.
195
•15%
214
46
310
46
QUTSIDE SECURITIES
Ooney Island
114% liO 143%
131% 12]%
188
95
•116
J8
71
Bid and asked prices :
97
94
139
138
42%
44
125
•15)4
193)4
•70Ja
86% 87%
36)4
•72)4
46'
18494
•9)4 10
70%
eo
145
34)4
55%
93%
80H BlH
88
40%
'44%
183
70^3
•67
18% ISM
74%
34
17H S17%
28)4
16)4
74)4
19
a
24
60
92
9)t
Feb 16
ll%Jan
98%Jan
ll%Jan
68^ Feb
70%Feb 26
88%Feb 88
88%Feb 16
67%Feb
49MJan
Range for frevxout year (1900).
LowtMt.
7!«%Har
3
iO%Feb 16
30
8e%Jan
AdamiBxpret
Do
87% 39%
pref
4% 1% Amerloan Malting
Do
25
pref.
•231a
t2>, 64% Amer.Smelting & Reflntne
92
Do
93)4
pref.
34)4 86% Amerloan Steel Hoop
81
Do
80)4
pref.
88
40% Amer. Steel & Wire (new)
96
96
Do
pref.
87M
8
ITIlscellan'a Stock*.
69
8
145
74?4
100)4
86)4
76>a
198)4
18
6394
8»>s
»%
•4%
&3
15
12% 13%
74% 74%
16% 19%
00
136
46
•68
es
7
85
21
4,640
3,482
1,43
Do
pref.
Amerloan Diitrlot Tel ....
Amerloan Hzpreii
36% 8«% American loe
<•••.•
8;% 36%
67 Jan 89
aiiaJan 4
79 Jan 8
63)4Jan 4
67%Jan
.
Wlicon. Central, new
Do
HigheiU
Loweit.
10 147)4Jan 30
78<4Jan 4
81%Jan 21
lit pref.
3d pref.
[Vol. LX^II.
Range for year 1901.
On basUof too-ah're lots
88)4Jan
800 118 Jan
660
pref
Do
Do
2.
17 Jan 4
41 la Jan
S
409|Jan 4
18 Jan ai
4,000
4,(00
pref.
Baptd TraiKU.
80% 81 Amertoan Car St Foauurx
Do
71% 71%
pref
88)4 88% Amerloan Cotton OU
21)1,
68
63
17)4
81,016
IS.lbO
37,360
48,440
338,660
60.200
16,140
88
•85
87
86
86
3BV, .S7
1188*'
]8(ia
183
S185
91)4
87)4
64
ICO94 loa
120 183)4
400
^abMh.
176
9«% 96%
7)«
8a%
".l
85
50
68)4
87)4
16»a
71% 71%
•37
81)4
313)4
a8H
194)4
7)4
69^ 70
B4«
47«
88
87
36
190
13?9i 143
120)4 I8OV1
•94
96
75
60
44M 47M 46
lOOMlOlJc
100
103)4
66
58)4 63
68%
106)4 101%
106)4 103
34
36
•33
36
163
1S<M 156 155
88
83)4
21%
28J4
74
74
76
74
74J4
9eM 101
86)4
76>i
36
28)4
39% 41%
95)4 «?%
18
97)4
25)4
35
>
H
o
38)4
81!4
81M 84
40h 44)4
82
>^
•84
20J4
78
S6M SH^
-"
61% e8?4
8% 7
34^ 85
4% 4%
09
7
36
31)4
35
•180
sen
7
Q
31
•71
28)4
•86
5,700
45.446
T.l.
Do
70«
/Sola
Of the
Week.
8hare$
164,S60
Union Paolllo B7
18,773
S3)4
Do
...pref.
5,963
17)4
19,640
30%
Do
pref.
8,980
13% Wheeling & L. »., new
"86)4
88)4
84)«
l'»*
8C)i
14)«
175
Sontheni, Totlng
13)4 Toledo St.
Do
33>4
89)4 Twin City
87X 8f?i 8610 B8)4
83%
83H 83% 83)4
17
1«%
17)4
17H '7
8»« 31H 88H
89K 30)4 2894 89)4 38%
14
113%
13% 14
18% 14
14H 14H •54
•53
•63
66
54
65
•J4H 66
•52H S5
SO
8CM 8e% 80)4 399i 30
39% 30
30
18)4
18)4 18)4
18)4 18H
18W IbH 18)4 18H 18
•41% 42?^
48
43)4 •43
48^ 4SM 49)4 43)4 43
17J«
PaoUloOo
Do
76% 78%
88
88% 1'>ezai& Paouo
118 120
bird ATenne IVt.
120
•12
•32
68)4
18)4
83)4
43)4 Soatliem
48?i
33)4
88)4
119% 119% 119
STOCKS.
8TOOK EXGH.
88% Su lisw. & Adirondack ..
37h su ii. ito. n., f ou tr. otfi
•81% 83^
Do
1st pref
64
Do
64%
3d pref
26
87% St. Lonli South wMt«m.
Do
66% 69
pref
26)4
569^
88)4
W. Y.
1.
Page
(a pages)
87 Hi
8S
66^
4S« 43%
33H 34)4
7614 77H
66H
48« 44H
4 38<
Friday,
March
Feb. 28.
55
5S
44^
23M a4M
76»4 77H
87»4 8bH
27
i^eft.
prices
.
Bid.
hlla.
•^ii?X
28
Pref
81%
C Hob A Paterson
17
Ask.
Ust.
31
Saia
18
<ic.
Street Railways.
Bid. Ask.
LynnABos-liios 84.JAD {1 8)4 118%
Mlnneap St By-5s '19.JAJ J1P9 110
New Orleans CHty By. ...
88
94
Preferred
98
95
North Chicago 8tr— Stoci 200
802
Ist 5s 1906-16
JAJ
107%
108%
.?li** ,S'^
115
180
North Jersey St.— Stock.
23
84
1 91
93
Bonds
88
88
Lake St (Cblo)BleT-8tock ,\*^ 14% Pat Ry oon 6s 1931 .JAD 1119 ......
8d8i 1914
JAJ 100 100%
deb 5s 1938
A*0 1105
.....
110
LonlsT St By-6sl080 JAJ
ProT * Pawt'ck-lst 5i '33 ;ii8
110
"IS**
88
83
Common.
i Buyer pays aoorued
Inter est.
118
lis
Pr«erred.....
J
1949. .MAN
Kansas City HI 6s.. 1938
auar 4s 1933
JAJ
4s g
Not
1
1
.
Mar.
N
1
.
THE CHR0N1CLE.-B0ND
2, 1901.]
JViM
BONDS
ir.YJBTOOK BXOHANOB
Wbbk
9
,
Mar.
!
Bin>ni« Mar.
1.
Tear
1900.
A$k. Low. High.
Bid.
Low. High
SbamaCent. SmSoBt.
U Hid. Btt ea^ Fla-A W.
AJb»ny*8Ma. BeeDhU
AUethenyVJ. SwPennOo.
A11M.4W. 8WB B.*P.
Ohio
Ba«lat«r«(l
AtUn A Tad. Sm Bonth By
S««.8oPao..
^at OPMk * 8. Sm Mloh Cen
« 3Hi-l«3B J.J
prior
b:
>alt A O
-
1914
Gen gold 4i iertei A. 1 989
1989
Beglitered
Gen gold Ski ieriei B. 1 989
1989
Beglitered
98M
108K
•8
1C8
108
Sale
10
881
90
97
. .
9SH 108
Feb'Ol
98M101M
ate
dO
78Mi
95
106
AutlnANW.
9eH
SBKSale
1
J
1»86 J
1048 A-Ot 108)4 Sale
1948 A-Ot
163
tVii
S9M
89H
"89«
86
"s'gMBaVa
lf)<t.l98e
1036 J -J
Beglitered
91
170
8BHi'9i"
••••«•
May'OO
111
111
SmNTCAH.
IlUnoli Cent..
8m M K A T,
ill" lis"
See
Met 8 By
ne^Feb'Ol
lie
1 947 J -J
All AWeit litg lBga.l«98 A-O
01AMahlitgagSi...l943 J -J
Debenture Si
BoobAPlttilttgei..l921
108
ISO
1933 J-D
Ooniol litS
Buff A 8oath weit.
I009i
F-A
8tt Bne.
180k
189
130
o
BnirA8niq litgOldSi..l913
1913
u
1906 J-D
BnrOBANlitSi
1934
A-O
Con lit AooltrgBi....
Apr '97
180M
181
189
184
Feb'Ol
128
Sale
F-A
J-J
A-O
.1905 M-8
MllAMadlitOi
North Dllnoli lit Bi.. .1910 M-8
OttCFAStPlitSi. .1909 M-8
WlnonaAStPet8d7il«07 M-N
MllL8AWlitg6i...l021 M-N
BztAImpifg8i...l929 F-A
Mloh DlT lit gold 61 1924 J-J
Aihland DlT lit g Oi 1 93B M-8
ConTorUble deb Si .. 1 907 F-A
..1911 M-N
Inoomei
Chlo Book Ul A Pao—
1017 J-J
Si.
1917 J-J
Beglitered
A-O
CBIF4NWlitK6i.l931 A-O U4
M A et L it gu g 7i. 1927 J-D ••••••
Canada Soath lit 6i... 1908 J -J
1913 M-S 108M
8d6i
1913 M-8
Beglitered
1
.
107
Bale
108)»
n7M
U8X113H
107
107
118«
lis
•*«
. .
109
loe
lis
123
117
^.1934
Beglitered
107k
107H
Feb'Ol
NOT'OO
118^ Deo'OO
124
9 106
109H
109«
1U4
108M
Apr '00
98N 98
94
Feb'Ol
87M 98
97
130
100
188
98
91
liO
98
Feb'Ol
108M
Bala
101% alOSH
21
106
104
104
Oarb A Shawn. Bet ni Cen.
Oar Cent. Bm 8eab A Boan.
Carthage A Ad. 8e«NYCAH.
S««
RAN
B
Can Branoh O P litg 4i.l948
J-D
Central Ohio. 8u Bait A O.
OanBB A B of Oa—Col g Bi' 87 M-N
Cent of Ga By— lit g 6i.l94B F-A»
194S F-At
Beglitered
1945 M-N
1946 M-N
OODJolgoldSl
Beglitered
90
68
at
lit pref inoome g Si . .1946 Oct.*
Id pref Income g Bi. ..194S Oct.*
Id pref InoomegBi.. .1946 Oct.*
M AN DlT litg Si.... .1946 J -J
MldaaAAtlDlTBi...l947 J -J
MobUeDlTlitg6i....l94a J -J
Cent of N J-lit ooni 7i 1 902 M-N
1987 J-J
Oeneralgold Bi
1987 Q-Jt
Bagtitered
Am Dock A Imp Co 6i.l981 i -J
LeAHad Bgen gag6i.'20 J-J
1912 M-N
BC 61,
Leh A
Con ext guar 4Ub. .. 1910 Q-MI
Cant Paolfla Bee 80 Pao Co
Obarlei A Bar litg 7i.. .1986 J -J
Obaa AOhIo g 61 ier A.. 1908 A-01
1911 A-Ot
aoldOi
1980 M-N
litoongBi
1989 M-N
Begliiered
1993 M-8
Oengold4Wi.
1992 M-8
Beglitered
J
Oralg YaUey lit g Bi 1 94
BAA DIT lit con 8 4i 1989 J
1989
J
SdoonB4i
.
W
. .
17
6bH
Bale
Bale
103
•
•107
81
111
J'ne'99
Oot.'00
Sale
118^ lis
104
•108
119
106
Jan.'01
IDS
Ang'OO
103« 103M Feb.'01
116«
106
100
•107
Jan.*01
119
Feb'Ol
106
B lit if g ei..l918
gold Siii .... 1 930
Bnrilngi
on A Qulnoy
Oblo
1908
Cod sol 7i
1901
fllnklng fond Oi
J-J
J-J
A-O
190S F-A
Ohio A Iowa DlT Si.
D«nTDlT4i
1932 F-A
OllnoUDtT g 8Mi..,.1049 J-J
BagUtered
1949 J-J
Iowa DlT ilnkfd Si. ..1919 A-O
^1* •(•••••••••••ttiiiklplty A-O
If abraaka HxtM 4i
1 997 M-N
Reglatered
1987 M-N
aonuwoitem DIt 4f..l981 M-8
OoDTortlbloBi.
1908 M-8
DebentnreBi.
1918 M-N
849iS«Ie
109M
loan
84M
. . .
.
. . .
HanA8tJoieon6i...l911 M-8
OkloA BDl. litif earei.1007 J-D
1907 J-D
1984 A-O
OcneonlitSi.
1987 M-M
B««Utered
1987 M-M
Ohio A Ind By lit 6a 1980 J -J
QkloagoAHrta. flMHrta.
Oh IB A liODla-Bafg ••.1947 J-J
Befnndlng 8 Bi
1947J>J
8maU
IMoongSi.
LooliTN AACta lit6i..'10J
•NoPnoeFridayi
latest bid
-
J
'lom
109
...,
, . .
Si 1930...,, ,1A0
.JAD
8d 6i 1933
Bo Bide BI (Chlo)— Stook.
Con
SyraoaieBap.Tr.,
61,
1946
Onion Trao (Chlo) Com.
Preferred
Onlt«d Byi (St
Preferred
Qen4i 1934
L Traniit)
11814 117
\06\i
106
1O6
118«
118M
112<4
108 107
108% 113
IW J'ne'99
lOOX Oot.'00
u'i" !!!!!, 141M Feb'Ol
1115<111H lllK 111k
180
183M iSi^k
Il8)i Bale 113)4
113H
130
Bale
187J4 Feb'Ol
124
124k
lis Ang'OO
183
119
120
107
114
Bala
119
183
184^
Bale
100k
130%
108%
10 118%
IC
8 118
U7
NoT'OO
Feb'Ol
Oct'OO
114% 110%
111
lOgk
Jao-'Ol
107
107
107
Jan.'01
laoH
141
142% 139k Apr'OO
107% Feb'Ol
107%
110 iis' 109k Aug'OO
181
130
lOSk 100
110
118
130
18B
180
113% 118%
112% 113%
110 111%
120
138%
133% 189%
12.j%187k
187% 187%
180k 180%
106 10T%
Feb'Ol
142
135
142
148%
no
108% 108%
Jan.'01
113% Apr'OO
111% Apr'OO
120%NoT'00
136% FeD'Ol
187
186
107%
109%
NoT'99
103
113
Feb'O
131
130 NoT'OO
100
100
107»4 NoT'OO
189
137
184
9fe%Feb01
86% Ang'OO
97 Deo 00
96
96
183%
103k 109%
105% 107%
86% 86%
96
107
Hi
181
131
140
18S
140
Feb'Ol
118% 113
189
13T
137
181
180%
106
7i
J-Jd 109
A-O
J-J
M-N
110%
Oot.'09
Jan.'01
100
Oot'OO
00%
1031
1008
1997
114
189k
Feb'Ol
May'OO
183k 131% Feb'Ol
97
07k 07
134
140
109% 103
97
Bale
136%
13t%
978
137
16
J'ne'OO
Jan.'00
lis
113
114
Deo'OO
Oot'OO
91
118
180
108
lis
108
117
118%11>%
114
11
111
114
94
lOB
"1
•
1936
Vb
Beglitered
1086
A 01 oon litg •§.1088
Fb
r.
104%
104
IIB
13S
t
100%
1
s^
94
04
Feb.'01
lOS
lOBM
lis
114
184
lis
136
Bale
1S6
O Ind * W
lit pf St.. . 1988
Peo A Bait lit eon 4i. 1940
Ineomaia.
...1090
(. 1 Lor A
eon lit Si. 1083
ClOT * Marietta. SMPaBB.
Wh
rw.
jc
1. q
A»r
113
1>8
116
Baglitarad
,
Feb
iiiaii ••••••
"97%
Bale"
Bale
60
a- O
'01
188%
186
139
140% aoT A Mahon Yal g Be. 1988 J-J
in
•»•
117
110
111
Deo'OO
Feb'Ol
Meo'99
Feb'Ol
117J4 Feb'HS
Feb'Ol
184
•110
CABliilMOOOAITa.1901 a-0
109
lis
101% 101%
101% Deo'OO
97%
i'sri*
91k
69%
84% 96
3
B8
111
8ep.'00
84
109
60
111
180
Jan.'01
188
181
79
1088 on-J
CleTAPltta. SMPannOo.
Ool Mldl'd— litg 3.41... 1947 J. J
1947 J. J
lltgil.....
1939 F-A
Col A Boa litg 4i
Bik
80% 81% 81
88
81
85
Bale
Feb
80%
71% 81
78% Bt
9*
88
'01
88
81
"eo
OolAOthAT. OMMetBtBy.
117
118
A Greenr. Bm Bo By.
Hook YaL
8m NAW
Oonn A Paa BlTi lit g4i.'48|A-0 114%
DakAGtSo. BMCMABtP.
allai A Waoo. SmM KAT.
Oolnm
H
Col A
YaL 8m
Ool Oonn A Term.
106% 116%
43 111% IBO
109 107
lit 117
180k
lOBk Feb'Ol
114k Feb'O'
106% 110%
Geneoniolgold6i..l98tlj .j •186
I084lj .J
BeglitaNd
188% 188
111
lOT
107
Jan.'01
•111
0O0AIeoniol7i,...10l4{j D
1014 J D
Ooniolit 7i
jesk
118«Not'00
14
A-O
Bi. 1 91
litg 4i
103
J
ioe%iij{%
106% 113
108k 111%
I
_
108% Feb '00
-J •100
-J
-J
-J
A-O 110
Otn B
^10414
103k
180
181
18t
187% 144
117
107
110
106
lie
'lUH
isinj
,
%103
116
• ••tM
»ii«it
•ii«t«
,
»II
HI
and aakod thii week. IBondidneJoly. tDuoNOT. lOneJona. IDueJau. iDueMay. aOpUonialei. bDueAug. cDue April. ilDneOel*
Aik.
30
100% 111
89% 90 >•
100
101
99
1 97k
88
14
68%
84%
78
60
85
79
JAJ •
91k
On'd TrAHleo(ProT)-8tk 109
111
99
Weit Chicago si
99%
Oon 5t 'i93fl.....MAN 1101% 108%
V^
(Given at foot of
Oaa
Bid.
1
93
03
•••a«« ••••»
•••••• *»iei* 11
.
189M
118
180
Mar'OO
107
110
103
118k 115
184
184% 197N
109 lllQ
166
174%
117% 119%
110% 111%
117% 131%
116% 119)2
14
141
Jan.'Ol
lt7J<
lO-iM
103 Jan.'01
Bale
••tfl
110% ii-n*
D •101 103 108% 103K
99 Jan '01
89%
J
101% lOlk
Oln W A M DiT lit 8 41. 1 001 J-J
105
BtLDlTlitooItrg 41.1990 M-N 106 Bale 106
99 May'99
1990 M-N
Beglitered
Oct'OO
DlT
1940
94
litg 4i.
BprACol
M-8 100
DlT lit g 4i. 1940 J-J
88 NoT'99
99%,
WIWBt Tal
L A C ooni 61 .. 1930 n-N
C
61k Be
lOOMllSk
Feb'Ol
IO8M 104H icaM
OUTSIDE SECURITIES
• treet K-allfraya.
Booheiter By
94
86
109M lOSM
103M 1C2H
104M Apr'OO
Sale
Bale
117
98%
91k
A-O
JZailtrai/,
H A D oon
i f
adgold4kl.
ibok ib's
104k I06k
11
••
117% 189%
180
117
118
Jan.'01
laSk
J
J
J
J
96k 104H ClnBAa SMOOCABtL.
96
Clearfield A Mah. /BmBBAP.
103
C C C A Bt li—
1993
Geng4i
107k
Cairo DlT lit gold 41.1930
99k
.
•••• *•*»«•
•••• •••«»•
111
116
J -J
ClnD AI litgng BI...1941
CIBtLAa BMCOCABtli.
98
100
10 101
6
98
NoT'OO
108M loiw loivi
Warm Spr Yal lit g Si 1 94 M-8
loiM Apr-ge
HUiLezA BSgogBi.1902 M-8 lOOK Bale lOCH ioo»^
lOSM Jan.'0i
Ohio A Alt Ba-8 f Hi. 1908 M-N 104M
9Sk
Refunding gold 8i....l94f A-O
93H
98M
98% Feb'Ol
D S Tmit Co reoelpti... A-O
MisiRlT
Cln
llBkl81«
94)i Aog'OO
108
106
117|(
117
109
Chlo
UBkUOk
61
118k
107k
ibsji
A St L SceAtohTASFe
ChloBtLANO. BMlllCent.
ChloBtLAPltti. SMPaCo.
Chlo 8t P M A O eon fli. .1 930 J -D
9H
118
laiM laOM 131M
138H 117 J'ne'OO
107
Bale 104%
Bale
<H
Coupon! oil.
Choo Okla A G gen g
II8H
104«
109k
108
108
106« Ulk
Oh Bt P A Mln lit 61. .1918 M-N
60 117k 129k
Nor WUooniln litei..l980 J -J
31 116
127>5
BtPA801tylitgei..l919 A -0
Chlo TerTranif erg 4i..ie47 J-J
118k 117
Ch A Welti lltiftei.. 1919 M-N
1932
100 lOS
General gold 81.
100 108k Chlo AWeit Mloh By Bi.1931 y--g
133
131
113M
90
88H 68
9W 80H
Deo '99
lOeK 107M lOOM Deo'OO
18SH
1359i Bale 131!^
183
88^ 100
:oo
19»
18
96
102
106
130
96
70
83
1988
Oeneralgold4i
1088
BegUtered
Dei M A Ft D lit 4|... 1905
190S
litSki
1906
Bxtenilon 4i
KeokADeiM lit 6i.. 1033
1923
SmaU
96«
117
Oot.>00
68K
28H
t ON
BioanALSaplit6i..l901
Iowa Midland litSi.. .1900
Beglitered
107M
140
107
Dei Mo A Minn lit 7i. 1907
NoT'99
100
166
114J4
;i4H
106k Feb'OS
....
—
186
U8%.:;i; 118k Ji^n.'01
IICH Jan-'Ol
iiik
\\9)^
118H
118H
117% Jan. 01
ii7k
120
13C
120k
119
119HFeb'01
Feb'Ol
121%
190M
Beglitered. ...1879-1029 A-O
Sinking fund Bi..l87e-1029 A-O
Beglitered ... .1879-1930 A-O
36-year debenture Si .. 1 009 M-N
1009 M-N
F.egUtered
30-year debenture 8i.. 1931 A-O
1931 A-O
Beglitered
Sinking fund deb Si. .. 1033 >I-N
1933 M-N
Beglitered
IIBM
109
H<H
U8H
187
J-D 107M
F-A
F-A
M-N 109k
Beglitered
. .
See L Isl
BraniAWest. 8e«8aTFAW
Brie
8m
Brie.
Bnir N T A
1937
BnffBAPgengBt
166% 17t
178% IT^t
166% ISl
Jan.*01
185k
Bale
Bale
•••••• ••••ei
!•«••• •••eei
n
1902
Bxtenilon 4i. .1886-1926
Beglitered ... .1886-1086
1967
GenOoldSki
1987
Beglitered
1879-1920
Sinking fund 6i.
J'ne'9U
Bklyn A Montank.
B la F A N.
Q-Jl
J-JI
J-JI
ChloAN'we»tr-Oon 7i..l9l5
1902
Gold7i
Brldee.
way A 7tb At.
l^Sk
ll«%
J-JI 114k
J
-J
J-J
J-J
Mineral Point DIt Bi..l910 J-J
lit8oMLnnDlT8i....l010 J -J
litSonthweit DIt ei..l909 J-J
WliAMlnnDlTg 8i..l921 J-J
MU A No lit M L ei. .1910 J-D
1913 J-D
litoonioldi.
8m
Bel A Oar.
190
litIADBzten7i.....l908
litLaCroiseA D Bi..l919
93M 98M
97^ 102M
99H 101
Jan.'01
184k 184k
17ak Apr'OO
J
J
J
Tear
1900.
J
.
MononBlT lttKaKBi.1919 F-A
Can OhloBlitog 4^1 1980 M-8
BooneT
-OBM
133H
108
PJnn&MOlT litg8Msl98B M-N
Baaoh Creek.
96M 231
1.
ChloALBnDlTg6i..l931 J-J iaok';::: llBk Jan.'01
182k Jan.'01
Chlo A Mo BIT DlT 6i. 1928 J-J lask
119 Feb'Ol
1910 J -J nek
ChloA Pao Dives
181
..1921
Bale
120k 131
ChloAPWlitg Si.
J -J
1916 J -J IIBH
IIBK Feb.'Ol
DakAOtSogSi
1934 J-J 186
137k J'ly'99
Far A Bon aitu g ei
litHaitAD DlT 7i... 1910 J -J lasH 187 laCH Fab '01
1910
iiOH
J-J
110k Jan.'01
Bi.
e4H 84M
lOB
Wtek
Range 0r
LtttgaU.
Aik. Low. High. Ho. Low. High
Bid.
Paul—
Terminal gold 6i
«
BegUtered
Bonthw DtT lltg
8t
lit 7i A gold BD.... 1902
1903
litCAM7i
Cblo MU A Bt P oon 7i.l90B
"99" Bale
-iiH
91^
10"^ NOTt
Aa]iutm«nt 8
1M8 NOTt
79H Deo '99
Bwl«t«red
NOV+
I'^S
»*y%
98M
92H
Stamped
q«lptrierAB5i....l90a J -J
Ohlo4 8tLoulit8;..19l6 M-8
lOB Deo'OO
Ati Knox * No lit B 6i.l846 J-D 10»H
Atlanta & OanT. Sm 8o B7
BMglMtmnA
Ooldii
BagUtared
MUwankee A
Mar.
425
1.
Prict
Friday,
MA8tP-lit7i»gBD.'0a
.
AinDookAL Si« C«n of N J.
98
Ann Arbor Htg •••••••}SS5
108H
Ateh T * 8 re B«n g 4i. .1»»8
}90S A-O
Pagi
(6 pagea)
BONDS.
N. Y. STOCK BXOHAITOB
WlBX ElTDllie Mar. 1.
Bang*
Bangtvr
LaatBaU.
Friday,
FR10B8
.
<f
8eearltl«a.
Bid.
orooiter (Maiij'fr-(''>m
Preferred
NBW
106
,
.
Con Gai (NY)— Stook—
qnlt Oa«—
1
1932- Sm Stook
it ooniol 5i
aold
Gbs 8eenrUlea.
S6k N Y A Bait aiTor Qai—
Aik.
108
1944
Coniol Si 194S
lit 6i
.
, . ,
Lt Ht A
Pow— N.
Si— S«» N. Y.
lit 5i 1037..
—
Bid.
Bz.ll
it.
896
297
1030
MAN
lOSk 100
MAN
130
140
116
_ OTHBB CITIBB.
Baltimore Couiolldst— 8«
Bay
State
*
Gai—
1
108% 109% Bolton UnltedGai Bondi- -Boito
Bxcb Buffalo City Qai— Stook..
7
8U. Bxoh.
lit 5i
Bond!
I
188
181
117
Bait. Ll»'
T.8tk.
Lilt.
Aik.
JAJ 1118% 114
JAJ 106 109
«108k 109% Standard Qts* Common.
Preferred
Y 8t« Hz on
lit Si
Mutual Qai
N. Ajuiterdam Gai—
NT HHeo
oonseoutivb YAQtii3).—0A8
NorUn
rOBK.
Cent Union Qai— lit 61
Con. 5i
84%
7
75
1%
nUr
10
76%
SECURITIES,
dtc.
Bid.
Gn.% Seenrltif
Chicago Qa»— Sm N Y 9lo ok Bx
196
^nctnnatl Qai A Coke
17
3ol Qai L A Heat—Com.
75
Preferred. ,..
JAJ (1C4
lit Si 1938
CJUioUd Gai(NJ)— Btok
JAJ
lit 5i 193t»
Coniol Qai (Plttli.... 60
77%
106
IB
9S
••••ft
BI
80 t *b6%
Pref
11*% lit
Bondi Si
Conium (»»»
lit Bt
10
80
oil.
196%
48%
(J
City)—
1904
lAnd
Inter* It.
MAN
{•03
i
I999*
tPrlce per ih AT*.
4
1
.
.
THE CHRONICLE.-BOND
420
March
••1 Laek A WMt«ni7i..ieo7 U-8
Morrlt * lliMZ lit 71. 191 RI-N
1871-1901 A-O
7t
19io J-D
litooniniar 7i
191& J-D
Bcfriitered
H T Laok A W
188H
104M
lasH
1917
BcfrUtwed
Alb A SailstflonsQ 711906
1906
RegUtercd
190H
Onargoldei
1906
BagltUrad
•
13fl«
104V< P'eb'Ol
18^)4 Deo'OO
Ooi.'9S
140
»•»
Feb
138
•
• • • •
188
138
108^ 106
118M 182
119
Ang'98
146« May'OO
160 Feb '0
117 Feb '01
128
lis
J'ne'»9
161
161
151
161
M-N
Rale
RloOSogQ. 8e<RtoQr8o
• • •
1
• • •
<
141
ill
•
• •
Oct.'00
11054
109)4
Feb '01
Feb '01
••
DetMATol. SmLSAHSo,
Det AMaok litUeng 41.1996
109
111
101
103
111
199S
89
Oold 4
Dal A Iron Range lit5i.l9S7 A-O
1937 A-O
RegUtered
1916 J -J
tdOi
Dal Bed
A 8 lit g Si. 1938 J -J
Dal So Shore A At g Si. 1937 J -J 113
Eaitof Minn. SMStPMAM.
aitTVaAQa. Sm. So Ry.
98!^ NoT'OO
89
113
Sale
W
AB lit R Si... 1941 M-N
A B a. smoao.
llOH
rlelitoong4ipr bdi.1996 J -J
1996 J -J
J -J
1996 J -J
RegUtered
lit eon genlleng 4i.. ..1996
RegUfered
121
M-S •ijjaJi
M-8
A-O 117H
183
J-D 110
M-8 •143Vi
M-8 '187M
1938
6th ext gold 41
1930
lit eoniol gold 7i
lit ooniol gold fd7l..l930
89
115
118HJan.'01
110
116
109)il>eo'00
107M118
118H
U6M119
Jan.'01
Jan.'Ol
Jan.'Ol
119H119H
113K 116%
Feb '01
106« Apr'99
143H
90H
84
Bale
143
i23)(i
c
143V4
Deo
'98
M-N
A-O eeee
J -J 117
F-A 97
F-A
M-N 103M
115
M-N
1946
email
Mid BBomJ lit gei. .1910
lit ref 6i.l937
N T8A
1937
2dgold4Wl
1940
General gD
W—
Bale
Terminallitg Si....l943
BeglifStOOO eaoh.1943
WUkAEailltgn g6il942 .l-D 109
t
OoBr'ch lit g
Term
99H
loeM
108M 118
109
104
N0T'«7
135
184MFeb'0l
Sale
110
ia5M
180
110
102M 110
100
108
ISO
102
las
iobm;
lOP
100
110
100
•
..I,* ••••«
oaiatonlo. S$4
9S
84
.
98H
•9M 99M
Reglitered,,,.
lit gold 3Ht.„
NO
Beguierea
.,,1953
Cairo Bridge gold 4i. .1960
1950
BegUtered
LoaliVUle DlT g 8)<i .196.i
1953
Bwlitered
1931
Middle DlTreg 6i
*Ho prloe Friday;
100
ibeii Feb''0]
-J 116
-J lUH
-J 106
-J
,.1951
B«glstered..MtitM<>lB6l
litgold 8iit«rUn«.,..196l
BegUtered.. ...... .,,1951
OoU Trait gold ii.,..,1958
1952
BegUtered
L
A Tex gold 4|..1963
105^
M-S
M-8
A-O ••••es
A-O •••«tt
M-N «••••
M-N
D
J-D
J-J 108M
J-J
i,,,,<
,
Oae
Becnrlttea.
iiex A Hudion Qai
Wayne (Ind)
Fort
Dec 00
•tttti
eeettt
104W
104M
104
98
,
Arand Rapldi— Stock
84
86
46
86
46
101
104
104
eo
40
108
FAA 1103
litSi 1915
Hartford (Ct) GaiL...35 t 48
35
Hudion Co Gai
108
5lgl949
.Indiana Nat A 111 Gai
lit 6i 1908
mdlanapolli Gai— Stock.
lit 611930
MAN
MAN
Ask.
45
45
94%
63%
60
66
96
U8)i 113K
Deo *00
104)^ 106)4
eeeee
•
Feb.'01
Jan.'99
Jan.'01
JaB.'00
•
«••
• •
••
100
102« Feb
'01
106
-••••e ••••ei
101
•8
e*
104)4
LClnALexgl)4i...l931
J-D
May'99
100
106
ii'i" liiii
119% ISl
.<•>«
•
187
188
lot
185
128
100
106% 106%
Jan.'Ol
••••*• ••••ei
103)ft
I e •
Aug'OO
*••
•
108% 108%
1U3% Itt
I08)il>ec'00
106% 110%
i2ew
119% 186%
88
116
110
NFlaABlltgugSi
Peni A
SANA
..1987
Atl lit gu g6i.l981
eon gng6i.... 1986
lOS
06H
Sale
«•••
69
Bale
188
118
Feb
68
89X
HI
117%
61
70
68% 88%
63)4 Oot.'00
IB
184
5
118H
116)i Jan.'01
Aag'98
11
110)4
110^
110)4 Feb '01
113 J'ly'OO
109)< Oot.'99
lOSli NOT'99
96
66
54
'01
116)4
104
96%
88
99
116% 185
108% ISO
110
lit
....,,
».•«
106% 111%
111
109
118
116%
...... ».••»•
91% 98%
Jan.'01
•••*•
•*•
180
19S%
101>iBep.'99
•
188
Jan.'01
Nte
10S)<
105
100
98
96
nOii
*
M-N
••!•••
31
180
Feb
'01
>
• •
101
<
"*i**
106
110
106
106
106
113
116
ISS
108
115
103
130
117
115
•
1
•
• ••
• e • <
NoT'OO
Jan '98
111%
96)2 100
108% 106
111% 116
•
Jan.'01
Oot.'00
Dec '00
lSe)4[ JaD.'01
68% Oot.'00
••a ......
1S7
117
115
188
M-8
M-8 ••122 •••e
M-S 60
100
99)4 99%
J-J 89
M-8 •113X 118 118 Jan.'01
100
'01
118
Jan
HOW
F-A
F-A 111H113 118 Jan.'01
110
F-A 109)4 110)* 110
A-O
99
Oot.'99
96)4
M-S
•
•
10
11!?6
Feb '01
Dec '00
1009« 100
• • • e e
1
May'OO
Deo '00
il2«
•e*>
•»««««
• • • •
Jan.'99
118
101
•
99
86
ee •• ee
110
180
104
96
97% 105
100 10t%
Oct '00
•
*
1
Feb '01
Feb '01
110
107
106
113
I
•
Jan.'01
eeaat*
•
•
103%
11
•
180
117
116
187
68%
95% 99%
107% 111
111%
109
11014 113%
10 107
111
•
Bale
105%
106%
il7Ji Sale
ii7%
iifk
MaK'ptABT. SflPMeKAT
Metropolitan BL SMlian By.
Mex Cent eon gold 4i... 1911 J-J
inoome g 81. . .1939 J'lyl
SdoonlnoomegSi.,.,1939 J'lyl
1917 A-O
qnlp A ooU g 5i
8d seitesg 5i ,,....1919 A-O
Hex Internatlit oon g 4i.'77 M-8
1937 J-D
Vex Nat lit gold 6i
Sdlnoei AOp itmpd.1917 M-SI
Sd Inoome gold 61 B..1917 An.1
Hex North let gold 61. .1910 J-D
1910 J-D
RegUtered
83
88)4 Bale
14)4
•
28)i
14%
40
83)4 146
S95i 894
16
101
•t«»f6 •••#•
Apr'OO
18%
J'ly'OO
106
106%
iis"
TO
es
80%
16%
80%
10
88% 88%
8C%Feb'01
108% Apr'Oe
81
99
i'ls"
108
81
la
lOf
May'OO
108»
81
17
10f%
••ttti »•••••
Mloh Cent.
Mid of N J.
1
eieee*
t Bondi
ibaw NoT'bo
86
M-N 119M
J-J 101
J-J
M-N HI
A-O 100
M-S •106
J-D •118
Sm N T Cent.
Sm Brie.
MLS AW. SMOhloANW
108M Ml A Mad. Sm Ohio A N W
MU A North. SMOhMAStP
••••••
98
••• •••••
•••fli
188
h. Usi.
116
114
USMMar'OO
106)4
•tti«a
••••e>
F-A
Bid.
JAJ
lit 6s 1925.,.,
lie
theie are lateit bid and aikedthU week,
Gai— See N Y Bxc
General gold 6i.,.....lBS0
Gold 6
1937
Dnllledg4i
1940
BegUtered. ....... ...1940
1931
OoUtmitg5i
Coltr 6-80 gii.... 1908-18
1907
Oeoel Bt 7i
B H A Naih litK •I...1919
A-O
J-J
106k
Man BWOolonUa6i..l984 J-D
10SMApr.'98
OUTSIDE SECURITIES
DOtrolt
LaAMoBiT. 8M(&lAAlt.
LouliTllle A NaihTllle—
1990
BegUtered
MetropolBl litg 61... 1908
108
:::;;
*
.
108
107M
186
MahonOoal. SmLSAMS.
anhattan By oon4i.l990 A-O 105%
98
98%
100
113J4
•••••
1 •
LNAA(f. SmOIAL.
64
NoT'OO
lbs*
•
Blnkfd (SAN a1 g6i..l910
L A Jeff Bge 00 ga g 4i 1945
106
100
133% Feb '01
lOOX NOT'OO
'116
lit oon
1951
1951
ist gold 4i
106)6 Sale
99%
lOlX
Jan.'01
Oot.'99
sagM
•t,... >•••*«
lit eon g 6i.,....,,,,,it8l g-J( 199H
lit oon g4i. ..,,,,, ,,,1981
103
General gold 4i
103 104
1988
Ferry lit gold4Mi.... 1938 .tt-8 104
Gold 4
,
.,.1938 J-D
Unlfledg 4s
1949 M-8 • »8
96
Debenture gold Si....,lB34 J-D
Bklyn A Mon lit g 61.1911 M-e •119
•
«
lit 61,,
1911 M-e •108
« 1
,
B Cong 6i.. 1935 A-O 108
lit gll,... 1987 M-8 •109
• e
Nor Sh b liteon g gafi..'»a Q-O 110
eeee
104M
•••
108
Long Iiland—
100
•
90
18J<
.
BtLdlTlltg«i......,1981
1980
8dg8i
Kcntaoky Cent g 4i. . . 1987
LANAMAMlitg 4MI.1945
89
Deo '00
121
Aug'OO
90
NoT'98
18654 Feb.'Ol
!!:!!
W
PeniaooU dlT gold 6i, 1980
••••
98
126)4 Sale
96H Sale
BR. 8m Hrie.
IZalAAQR. SmLSAMS.
J^an A Mloh. a*t Tol A O C.
* M^^B Iitgng6i.l939 A-O
i
Kan C A Pao. Sm M K A T
Kan C 80 iBtg 88
1960 A-O
69X
Registered
1950 A-O •III*]
KanaaiMld. Sm StL A St
Kentucky Cent. Sm LAN.
Keok A Dei M. SmC R I A P.
KnoxTlUe A Ohio. Sm So By.
LakejBneA W lit g6i.l937 J -J 12SH
8d gold 61.
...1941 J-J 118
North Ohio litga is.. 1946 A-O lis
LSAMS. Sm NT Cent.
Leh yal (Pa) ooilg 6s.. 1997 M-N •105
Registered 5s
1997 M-N
Lrtiy NT lstgag4Hi..l940 J-J iiox
Regiitered
....1940 J-J
Leh VTerBy litga g5il941 A-O •ii4"
1»*1 A-O
, ^*S***?J?''
L y Coal Co lit gu g Si. 1988 J-J
RegUtered... ,,„,,,,. ,1983 J -J
LehAN T lit gagtl... 1946 M-8 96
Regiitered
..,,..,1946 M-8
B10ANlit|tlitpMi.l914 A-O
Gold guar 6i,..,.,, ,,1914 A
LehAHndR. Sm Cen of NJ..
Leh A WUkeib. Bm Cent NJ.
Leroy A Oaney Tai. SmMo P.
Lex At A P F. Sm Met St By.
Long Dock. Sm Brie.
84
J
W
J-D
J-D ibo"
J-D
J-D •••••I
J-D
M-8 ib4«
J-J 104
J-J 100
A-O
Si.
69X
NYNHAH
1999
BegUtered
Col A H y lltextg 41.1948
T. See So Pao..
Hoait B A
HoaiATexCen. Sm So P Co.
IUlnoli Central-
5«8litered
70
56
L SW
g 4^1.1999 J
A$k. Low. High. No. Low.
NOAMlltg6r^...,1980 J -J 180
Id gold 6
......1980 J -J lliX
HanABtJ. SmOBAQ
Hook yal lit oon
1900.
NTB AM
NTA BB
•••••• eeiii*
Si.. 1980
Bee 8t
98
90
10
.
Gray'i Pt
118
115M 180
107M 111
A-O ••••• eeeiei •••••• letate
rAIndlitoon gag 6i.. 1986 J-J •107J< 110 108 Feb '01
rargoABo. SMOhMABtP..
187 Feb '01
Flint A Pere M g Si. ..19S0 A-O 184
lit eoniol gold Si.... 1989 M-N 113J% ..,,,1 108 Jan.'01
Pt HaronDiT lit g 6i.l989 A-O 114 116 116 Feb '01
n* Cen A Pen lit g 6i. .1918 J-J
100 Sep.'OO
lit land gr ext gold Sil980 J-J
1948 J -J
ConiolgpldSi
rt 8 A y B Bge. Sm BtLABF.
Fort Bt T7 D (to litg 4Usl941 J-J
I OS
Mar '98
Ft W A D 0— lit g 4-dl. 1931 J-D
88)4
88M Sale 82
Ft W A Blo Qr lit g 3-41.1928 J-J
75
76
76M 74«
8m SP Co.
GalHarA^A.
al HAH of '82 lit Si.1913 A-O 108
...,
103>sJan.'01
Oa A Ala Br lit ft g Si.i940 A-O
106 Dee '98
194S J-JT
lit eoniol g Si
99
98X NoT'OO
OtTOAT A No lit ga g 61.1929 J-J
99K JaB.'00
Oeorgla Padflo. Sm Bo By.
«Ua y a A Nor. Sm So Pao Co.
Gout A Oiw. See N Y Cent.
Grand Bap A Ind. Sm Pa Co,
Boll
4
123
UP
US Apr '00
Oi
•
86H
104H 104M
136X139)4
lOeXFeb'Ol
184
110
67
114
118
118
9
*••«"* ee
167
84
Feb '01
n6M Feb 01
94 Feb '01
102M 103X
\o\
•
Brie A Pltti. Set Pa Co.
loan All Bap. SmOANW.
BarekaBprlngi litg 6|.19S8
A T H lit oon ei.....l981
lit general gold Si.. ,,1948
1988
MtTemonfitei
37
93)i May'9»
8S
nan
184M 142
96« "si
96^
Brie lit 7i.l916 J-D
189 140 Feb '99
J-J ii4Hiiex
WA gold 6I....1908
1908
J-J
emaU
Ohio A Brie lit g Si... 1983 M-N 131 Sa'e 181
181
Jeff RR lit gn gold 6i.l909 A-OJ 107
106% Feb '01
Long Dock oon gold ei.l93S A-O
140
140
Coal A RB lit c ga 61.1923 M-N Ill
Dock A Imp lit 0Tir6i.l913 J-J 118
lis 8ep.'00
N T A G(reen L gn g Si. 1 946 M-N 109
109 Oot.'98
Boff N Y
Buff A B
76M 90
SO
111
181
118
134
.....
Sail)
98>i
as 107
93M Feb.'99
lamOortANo. SieLehANY,
1947 M-N
rleliteztg4i
1919
SdeztgoldSi
SdextgOld 4Ul...,...1933
1930
4tbextgOld SI
85
Laat Bale.
OarbABlitg 4s
1938 M-8
Ohio StL AN Og6s.. 1961 J-D 186X
Jefferson
J-D
J-D
Tear
March 1.
Sid.
,1909
8dgold4l...,
1921
Iowa Central litgold5i.l938
Iowa
Midland.
Sm Oh A N
108M 109H
111
Sang*
Week't
Mange or
J-J
J-J
J-J 108)6
J-J
Spring DlT litg3Xi.l9Sl J -J
Registered
1951 J-J
Weitem Line lit g 4i.l95l F-A 11894
RegUtered
1951 F-A
BeUeT A Car lit 6i.... 1988 J-D 188"
AW
103
LX2U
Friday,
1961
1951
i»5i
1951
litgnarg 5i
108H 104^
1935
16
96^ 102K Ind ni A la lit ref g Si.. 1948
106 109^ Int A Great Nor—
I'tBOldBs
101H108
1919
Dei
nil Lex
St LonU DlT g 81.
Beglitered...
Oold 3)«i
Registered
„
Idgold
M A Ft D. 8«* R A I P,
DeiMAMlnn. SMOhANW.
Dei M Dn Ry lit g Si. ..1917
5«
1.
lesi
Oold SUt
1961
11 i« lis'
Registered
1951
Mem
DlTlstg4s....
112H118H
1951
147
1489(
1851
o^T^^***"*
StL Son lit gag4i... 1931
148« 148«
Ind Deo
lit g6i.... 1936
Jaiu'Ol
108
103
141
117H181
Dec '00
113W Feb '0
Sale
141M
138
119
'01
108
Improrement gold 6i.l938
Blgln Jol
148
[Vol.
124H ni Cen. (Con)—
103i;il07>i
103^ Oot.'00
118H Nov'OO
1936 J -J 108
1936 J -J •109
J-D •109
136
3,
JPriee
exchange
Wbbk Emdimq Mak.
High
Pag.
(5 pages)
BONDS.
w.t. 8tock
Lote.
lasHi
IS9«
•
Beglitered
Del RlT BB Bge. B*t Pa BR.
Den ABGr lit gold 7i.. 1900
Last
Tear
1900.
Bale.
Atk. Low. High.
193H JanJoi
nm
1921
1921 IW-N
lstoong4Mi
I.
186
llH
F-A 118
M-N
A-O U6«
A-O
M-8 •148
M-8
A-O 118
A-O l»» •*
A-O
A-O
M-N 161
BrrBliigAN Y Irt7i.l906
1900
Warren 8d7i
Del& H— litPa DlT7i.iei7
litoongis
Bangtor
J -J 185
1st 8i. .1931
1923
Oonitraotlon St
1933
Term&impt 4i
Bent & 8ar lit7i
Bid.
123«
Bangt
Week't
Friet
Friday,
BONDS.
er.T.BTOOK EXOHANOE
WlBK EMDIHO MAK. 1.
PKIOES
••*••
UilAStP.
due Aogiut. t Due
SMOhMAStP
April.
IDne January. IDueOotober. IDueJoIy. aOpUoa,
(Givbk at foot of 7 oonsboutive FKQm).—GA8, TEL.
Bid. Ask.
Qae 8eearltlce.
Kansas City Gas
100
20
80
Ss 1933
AAO 1100 103
Laclede Gas— N Y Stock Bxoh.
Lafayette (Ind) Gai.
40
lltes 1934
MAN 45
Loganspt A Wab y al1st 6i 1925
JAD 45
Madison (Wis) Gas— Stck 66
46
»6
56
73
1st 6s 1986
AAO 107% 110
Newark Gases 1914
141
1140
Newark Consol Gas ..100 65
B8
5s 1948
.JAD 1106 105%
New Bng Gas A C— SmBo stonL
Ut.
Gae
Ohio
Securities.
Bid.
& Ind Con Nat & 111-
84
'aej&D
4S
OhloAInd— lat
6i
Ask.
89
60
Peoples Gas A Coke— N T Stock Bxoh
Philadelphia Co— See Bos ton L lit.
60
Providence Gas
St Joseph (Mo)
JAJ
Ss 1937
St Paul Gas— Stock
ConaolSs 1944..,. MAS
Syraonse Gas— Stock
JAJ
1st 5s 1946.....
Western Gas (MUw)
il— Sm N T
St
Bx
lilt.
t
{
94
86
40%
94
96
45% 48
i
79
81
18%
16%
85
89
04%
96%
& lELEPH,,
Teleg. Jk Tele»h.
releii:.
Bid.
if)
Ask.
de 'l*ele»ii.
American Dlst Tele— NY Stock Bzek
BeU Teleph. of Buffalo..
Central A South Amer. ..
Ones A Poto Teleph— Stk
5s 1909-89
JAJ
.
Oommerdal Cable
Commer Union Tel (NY).
B -nplre A Bay State Tel
.
110
108
70
108
173
119
70
116
107
76
••
•••t
177
184
.1 ,,,'
Brie Teleg A Telep— See S tekBx LUt
50
Franklin
45
lAnd Interest. tPrloe per sh are.
.
Mar.
AJJ
1
.
1 1
Price
Wtek't
Fnduy,
March 1.
Range
Bid.
A-o 133
M-M na
M-8 99
Paolfloex lit gold «•. 1931
1031
lit ooni Kold Si
lit and refund. 4i....l»4H
St
L
Sm BO B4N
(<n.
JM * P lit 6i it 4i int gn-'Se
M 88M4A lit g «i Int ga- 36 J-J
J-J
M8tP*BSMoong4ilntgn'38
MlnnUn. fl»«8£PM*M.
MoK»n»Tox-litg«i.l9»0
19»0
8dgold4i
LoMt Sale.
A»k. Low.
HigK.
147H
P'eb.'O'.
Ifo
lit eon g 6i
TrMtgSi...
B«glitered
lit ooU gc'a 5i
Reglitered
184M NOT'OO
118^;
118M
09«
99!^
Sale
Sale
9»><
••*••
.»««ti
102
Bale
»7
77H
99
lOOH
,
& Iron Mount—
QenoonrrAldgrtgSi'Sl A-0 11 CM Sale
Q«noon itampgtd g 6i 3 A-n •114
1929 I92 Sale
Cnlf Aref g4s
89
13
100J4
107?<
104
lOS
J'ne'OO
107!<
Deo '00
113
Jan.'01
IH^
,
I
94
•
• • e
96^
H
OOATli
Solo
W
188M
l«8}<Feb'01
lOOH
lUMBale
114
113
119
J'ly'OO
114i<
Deo'OO
111
107M
107i<
107)i
107M
109
6
107M
107M
Feb'Ol
Aug'OO
106K Feb'Ol
10694 Feb'Ol
104M
10*H
104K
103^
ioa«
lOOM
103^
....
Sale
103M
106
Bap.'97
Jan.'01
ioiii
102MJan.'01
103
103
Of
107K
103
1986
101
llBM
143
"ii
06M
98
96
94
108
J-J
J'ly '00
Feb '00
188>i
ilBH
108«
00
98
08
07
llOH
Bid.
118
Bondi
90
Hndion RiTer Telephone 117
Intematlon Ocean
116
Moxloan Telegraph
Maxloan Telephone— Sm Boito
Naw Bng Telep.— Sm Boi ton 111
Northweitem Telegraph 183
178
N Y A N J Telephone.
Si 1080
MAN 118
PaolfloA Atlantlo
78
ProTldenoe Telephone
101
Atlantlo.
Bonthem A
97
.
.
118
108
101)«NoT'08
104% 10996
106HFeb'01
80
iiT
toa
101
110
189
180
129
114)4
186
188
18I)(
9056 100
107
OS
108
107
101
10854 lt05i
101
10654
88T6 785
8554 70a
131M 1S8M
•aata ••«•••
.I'lv'9H
18356 Feb'Ol
116
103
»••%-
97H 9TH
131H Feb'Ol
132
186K
114
71
70%
71!^ oii
70H Deo'Ou
Feb'Ol
Feb'Ol
8814 May'OO
11854
11654
65
lis
96
76
112
Deo'OO
Apr'OO
10856 110
109
109
Bgnar
Ognar
BerleiDiiguar
B guar S^i ..1949
W A O lit 7i. 1012
106
1O0K 105
Jan.'01
10094
...,
101
Deo'OO
11496....
184
109
9756
8814
118
180
108
90
60
110
11654
105
8814
180
117
113
138
-J
116M
114H
llOH
111^11496
aaaaa* ••••ti
J-J
M-N
nRRRABgalitga4ig.'36 F-A
AUagh Valgan gn g 41.1043 M-8
Bun A LewUlitg 4i..l938 J-J
UNJRRAOangan4i.l944 M-8
PaniaoolaAAt. SMLANaah
rao ABait. S«« O
A Bt L
FaoAPakUnlitg6i...l03l Q-F
Feb., 1031 M-N
adg4Mi
fine Oreek rM gnarOi. 1033 J-D
nttiOlnAStL. Sm PannOo.
POOABtL. SMPennOo.
109
11196
IIOMIIOH
Feb'Ol
110
181
Deo'OO
ISO
180
106
106H
103 Feb'Ol
119 Jan.'01
1379iJan.'01
81
Pltti McKeeiAT. Sm N YCen
intUPAFlit g5i
1916
\»7H •IttlBh ALB lit gSl. .1940
106 Jan.'00
106y< NoT'OO
lot
lOB
108H 108^
liteoniol gold 6i
1043
MtUAWeit lit g4i... 1017
llSHMay'OO
116M11SH
J
rittl
183
Jan.'01
Jan.'01
181
188M
1869i 180M
Apr'OO
•Ilia* ••••••
• I « • I
• ••••
118
•••II ••••• ••••a*
110
««fft*i
108
Oot.'00
Mked this week.
Teleg.
dfc
Tetcph.
Weit'n Onion Teleg— N
Y
166
nllit.
Coniol Hleotrto Storage.
'!!!!
t.
Bddy
198
116
85
Bleotro- Pneumatic
Tram
Serlei
A
8i,
U
156
ao
16
Oot.'00
ii7Miai
108
NoT'OO
10154 108
114
8
80
86
11794
113H1175i
116'aFeb'Ol
109 Apr'OO
09 Deo'OO
13056 Feb'Ol
18794 NOT'OO
• • 1
•
1«
10656 109
09
186
lOlH
180M
1S7M
13556
13l'* 184
13696 Jan.'01
May'07
'••••
fltttft
118
Jan.'01
113M Mar'OO
108
100
11854
IIXM
»«••• aaatta
ioa"* NoV'07
•107
May'OO
117
117
18356 Jan.'01
101
OoU'OO
137 NOT'07
130
0?
'If*
11356
11«M
117
09
*
107M
Oet.'08
181
Not' 08
90
118
J'ne'OO
T A Aihliteon 611037. M-N
^
Oo gen g
RegUtered
4i..
.1007
1007
J -J
. .
Due July. IDneJnne.
J-J
.
i
119
04
I
• • • •
Bala
88
NOT'OO
10094 100
10094
Sep.'00
88%
00
0996 101
0056
lOlM
81
0054
67M 88
04)4 101
36
S8M
8S
Due May. IDaaNoT. a Theae are option ialaa.
oonsboutivb paobs).— T^Z.,
Eleetrlo
Feb'O
8794 Jan.'00
10056
100V6
10054 Feb'O'
131
Feb'Ol
9456 383
0396
Oompanlee.l
Bid.
Aik.
BLEC, FERRY
Ferry Co»n»B"l»e.
General Bleotrlo Co— N Y| Stock Kxoh
Ferry Companies.
Do pref.— Sm Bofton L lit.
Brooklyn Ferry-.^took ..
Hartford (Ct) HlooLtCo.i 176 800
NYABlit6il«ll.JAJ
Mo Bdlion Bleotrlo
18
Con Si'48-Sm Stook Bz
17
Do preferred
60
Metropolitan Ferry—6i..
40
Narragan. (ProT)BlOo.50 t 87
N y A N J FerrrJAJ
RhodelilandEleoProCo.l 110
lit 61 1946
United Eleotrloof N J...I 83
84
N Y A B B Ferry—Stock,
MAN
1929
1982
4b
76
78
lit Si
United EleoLtAPCo pref SmBaI toliit N Y A niboken— atook..
Hob F'y lit 6«.'46MAN
4564 1929— Sm Balto U it.
JAD
Oon. 01 1046
Wooniooket (B I) BlCc. ......
I
dk:
Bid.
Aik
18
85
10
80
lilt.
\
18
Bleotrlo Mfg C0..36 t
Hdlion HI ni Co NY— N T Stock Bxoh
Hdlion Bl 111 Co Brk— N Y Stock Hxoh
BdlioD Ore Milling Co..
8
Fort WayneHleo.Oo
lOS
170
181
116
00
Baniielaer A Sar. Sm D A H.
Rlah A Dan. Sm Booth Ry.
Klo Or Weit lit g 4i.
1939 J-J
Utah Cent lit gn g 4i.l917 A-Ot
7
Bid. Aik.
Btook Hxoh
Eleetrlc Comvanlea.
Allegheny Co Light Co...
Bruib Bileotrlo Co
18656
*
181
•••• aa ••!
•t**t< a ••!••
PM A Cooertfi
110
DnaJan.
184
Deo'OO
• •
138
1> aadlng
186
130^ 187M
11156 117H
11156 116
. .
ia7><
136
127H NoT'OO
101
101
184
108
PlttiOleTATollitg0i..l033 A-O
PlttiFtWAOh. SiiPannOo.
Pltti Juno litg 6i
1032 J-J
"Itti A L Brl»-8d g Si
1 938 A-Ot •118
104W loew
101M104|J
llOM 131
10
117>« 11694 Jan.'01
11756 11756 Feb '01
•••••t ••••••
•••«ec •laiii
,
•••aee ••••••
Aik.
180
100
138
118
•• III
101
101
111
A-O 117
A-O
M-N
M-N
F-A
J
11B%
1141-j
108
lOl
18354
.
180
es)4
77
10454 11>
ll854Jan.'0l
103 NOT'98
Xu •(••••••••••eeiaiiiXvlio J-J
f Be eeeaeeeeeeeeeae* Xvl« A-0*
PinnBB lit real •g4i. 1023 M-N
Ooniterllngg ei
1005 J-J
Con ourrenoy Oi rag.. .1005 Q-MB
Cong
Si
..1019
lOeM 107M
M-S
KegUterad
1019
103 108
OODg 4l
1043 M-N
rsiDE SECURITIES (Given at foot of
,
Serlei
Beriei
,
theie are lateit bid And
Teleph.
1040
1042
1042
1045
BerleiA.
3 110
17 110
10996
109^ 109M
llOH Har'OO
lO8MD«o'07
-J
rUtlMoKAT— litgnai.'82 J-J 141
1934 J-J 183
Idgnarai
MoKeeABVlitgei.'lS J-J 187
Mioh Oent— lit ODD 7il90^ M-N lOBM
1902 M-N 109J4
lit oon 5i
1909 M- t»
ei
1931 M-8 139
6i
I93i
Reglitered
1940 t^^ 107
4i
1940 J -J
Reglitered
Bat A St litgng St. -SB J-D
NT A Harlem g SKi 8000 M-N
.8000 M-N
RwliUred
TA North litg Si.. 1037 A-O 188^
dte
A-O
M-N
J-J
J-J
M-H
A-O
A-O
J-J
A-O
M-N
rleAPlttKag8MtB.1940 J-J
SerleiO
1940 J-J
NACBdgegengng4Wi.'45 J-J
P O O A Bt L eonga g 4M»-
Serlei
Pttti Ft
J'ly'OS
115
ll4Vi
11094 Feb'Ol
llOH Jan.'0l
uo«
f elea.
aeof Mliioorl. Sm Mo Pao
Panama litifg 4^1. ...1017
1010
Sfiubildyg6i
PennOo-Gu litg 4Mi. 1931
118
1931
RegUtered
111
atd8MiOOltraitreg.l037
111^
C BtLAPlitoong5i.l932
110
Beglitered
1032
108
OloT
A Pltttb—
107M
Qen gu g 4>t(iiai'iA.1042
SerleiB.
1042
iosji
Serlei
8^i
1948
117i<
lit
ftold AStook...,.
lOlK
arRAIaxlitgiig4Ki.l04l
01 A Mar lit gn g 4Mi.l035
4iga.2361 J -J 116M 116
as6i J -J HiH ....
Reglfltared
Lake Bhore oon 3d 7i. 1003 J-D UO^
1003 J-D
Reglitered
1097 J-D '109^
Ocld SMi..
1097 J-D •*••• •C*««l
Reglitered
OlnA 8 litgLSAM 87i'01 A-0
Tol
lit
7il006
r-A
Set Mon A
litgaSi.1038 J -J
OU
1089«
2S 108H
108
110
110
110
.
*No prloe Friday;
110
100
50
j
•U
R W AOgeon litextSi.'32 A-0«
OiW«*R3dgag5i..l016 F-AI
KWAOTRlitgngBi.18 M-N
18054
J'ly '99
SMOOCAStL
NY
P. Sm
ANW
PaeOoaitOo— lit gSi.1046 J-D
.
J
lesK
186
138
Oiwego A Borne. Sm
M-N '102« ..
lOSJi J'ly'OO
K-A 07 H Bale 97
97«
K-A 98
97 Feb '0
K-A 96H Sale 06
K-A
97 Jan.'01
J-J 111 Sale HI
111
J-J
106 J'ne'98
J -J 117«
J-J
J-0
K-A
MYAPlitlitOongag4i.'93 A-O
litgng
Si.
'16
Mont
A-0
Nor A
185)4
Ore By A Nar See Un Pao
Ore BE A Nar See Dn Pao
Ore Short Line Se«UnPao
Deo '99
115H
Moh A Mai litgn g4i.l991 H-8
N jr Jono B gn lit 4i 1986 K-A •106
UtlM A
'Vijiaiile
Qeneralgoldei...,,...ie37 a186 130^
1901 j
100^ IOOh Om AStL litg4i
104>^110H OreAOal. Sm So Pao Oo.
.
.
10696 Bale
'
QOUT AOiwe litgn g Si.'42 J-D
BIk RlT gn g 4i '83
lOej^
1933 u- K
BtPanlADul lit 6i... 1931 F-A '183K
130 180
1917 A-O 114
2d
Si
130^ 126
108
litoog 4*
1068 J-D
179 88
8794
14 106K lin
Waih Cent lit g4i.. .1948 n-M eoU
Pao Ter Oo lit g 6i.l033 J . j 117)4
Deo '00
96M 96^ Nor
Nor Ry Cal. Bu So. Pao.
IndAW.
litiflntgng4iierA.'40 J -J
Bmall bondi ierlei B. '40 J -J
MahonO'l
10 6i^ Sale
d(NPgeng6i...l933 F-A
OibloRlTerBBlitg6il938
DebtoarUaztg 4i....l0O5 M-N 108
KAAQR BR lit 61.1934
109
Jan.'00
O O F A St
N T Bkln A Man Bh. S«( L I.
J -J
N Y Oant A IIR Iit7i..l908
1003 J -J
B«gUt«red
J-J
Q 8)4b. •••••• •"*********^00'
1997 J-J
B«gliter«a.
Dabantnre 5iof .1884-1004 M-H
Bwlitered .... 1884-1004 M-8
Reg deb Bi of ...1880-1004 U-H
Debentare g4i.. 1800-1005 J -I)
1800-1905 J-D
B«glitered
Weit Shore
197^
Feb'Ol
...
Beglitered otfi
HtwAOlnBdge. SMPennOc
IIOANBprlorUeng6i.l91B A-01
Reglitered
J-D
J-U
Kegisleaed
Btl'
108
135)^ Deo'OO
114
113
70
*100
104^108M
108^ loejc
NorWli. Sm O St PM AG.
Nor A Mont. Sm N.Y.Oent
A Shef. Si* L A N
NewHAD. SmNTNHAH
8m M T Oent.
BR.
N J Juno
1006
Lake Shore ool g 3)<i. 1998
1998
Reglitered
Mioh Oent ooll g SKi- 1998
1998
Reglitered
Beeoh Ork lit go g 4i. 1936
1936
Reglitered
1936
Idgngold 5i
1936
Reglitered
OartA Ad litgng 41.1981
Bltom
Goal
Oorp
Clearfield
..8047 U-i^'
Paul-Du.Di7g48...J906
1996
Sf
Naah Flor
Raglstared
VAN Blitgng4i.l089
Beglitered
M
Morgan'! La AT. SmSPOo.
MorriiABiiex. Sm Del LAW
ikja*liOhatABtLlit7i.'13 J -J
1901 J -J
Sd6i
litoongold 5i........l928 A-0
lit K0ld6i JaiperBoh.1923 J -J
lit liMoMMWAAl. 1917 J -J
1917 J-J
liteiTAPb
195
Si
I
North llUnoli. SMOhlANW.
Ohio. Sm LIrleAW.
114M North
Northern PaolBo—
118
Priorllenr Algg4i..l007 q.j
88
1097 q.j
Beglitered
•••ft*
8047 Q-Ft
Oeneralllen gSi
eeeat'
Tear.
1900.
High. yo.ilLow.Mith
lOM Deo'OO
M-N 111
134^ 134H
M-N 133
A-0 136H.... 183 Jan.'01
F-A 182M 184 18254 Feb'Ol
A- O 10394 Bale lOlH 102W
A-O
9796 J'ly '00
A-O
107 NoT'OO
J -J 10654
M-N •*•••« ••••ai 10896 10396
1998
Beglitered
1998
Bmall
gxigSi....l023
J-J
J D
J-D
180H 139K 130
Q-J*
1881-j 180
Jan.'01
M-g 93M Sale 93ii 66^
F-A lia 118H 113
113%
lit exteniion gold 6i.l927
1938
General gold 4i
Montgom Dlr lit g Si. 1947
8t L A Cairo gug4i .1931 J -J
Mohawk A Mai. S«« N 7 O A
Monongahela BIt. S«« B A
Mont Cent. Sm 8t P A M.
• • • • • I
M-M
M-N 118«
J-J 118
^1
I08«a
108U
106J4 Deo'OO
197^
136
103
113
UOMHOM
llOMJ'ly'OO
Aik. Low.
Sale
\9'iM 1971s
.
34 108
109
305 76
93
Range or
Last 8aU.
1.
1C2
A- O
Y A North. Sm N T O A H
" N
N Y O A W Bef lit g 4il992 M-8
90
Begli VBiOOO only.. .199^ M-8
97^
9094 N T A Put. Sm N Y O A n.
N
Y
A B B. B44 Long liU
87
N Y 8 A W. S«« Brie.
90
88
•••••t
•••«
-J
-J
J
J
.
1905 J -J
lit 61
98
U3H110M
W
1945
Mortgage gold 4i
1945
Bmal
Mob JaoK A KClitg 58.1946
Mob A Ohio newgold 6i..'37
98(H
t •
.
HouiatoaloHoongSi.1087
N U A Derby oon Oi... 1918
1905
N Y A N il lit7i
lOSM 107M
116m
91
1929 J-J
litK5i..'38 ra-s
Terd V I A
MUiBlTBdge. S«*OhloAAlt
•••t«l
93
Feb'Ol
March
A-O 108^
A-O
NY Tex AM. Sm So Pao Oo.
108
116^ Nor A South litg Si. ...1041
Norf A Wait— Qen g 6i.l931
314 114X131^
New Hirer litg 6i... .1938
94 108M
ImprrmtAext g6i...l934
01
N A W By litoong 4|. 1996
00
104
7
Week'B
I'riee
Friday,
S«»NyNHAH
NBA Hart litreg4i.'03 J-D
ConTOrt deb certi 11,000
Small cartrillOU
427
3.
.^ Y
T
99M N
SYANH.
76
Registered
Mob ABirm prlorllangQi.'46
A areenw Lake. Sm ane
A Har. Sm N 7 C A Hud.
Laok AW. S«< D L A W
L If A W. Sm «rle.
N Y
M T
123
128
119
64
• 1
1937
Reglit«red
123^
935<
109)i Feb '01
1 1 B
Feb '0
188^ 18»H
116
'
09H
BVH
89«
loeji
118
88H
Feb '01
too
94
Pao B of Mo litex g4i.'38 F9d«xtended gold Si. 1938 J-J
97K 69
78H 294
lOOJj Nov'99
Bep.'OO
90
103
104PI too
80
109
YOhlc ABtLlitg4i.l037
!f
N'T
I,«roT*OVALlitK6i'26 J-J
Bt liOnli
ICl
98
••••
1900 M-N iie«
1920 M-N '122
1917 M-at 105M Bale
1917 M-8t
1930 F1U5 Bale
1920 r-A
Pao— )d7i
Feb
'01
Paqb
(5 pages)
Bid.
High,
103
101
A
J-D
A-O
5I...1942
1821,4
9994
97
78
09
F-All
W-
Jan.'01
••••«t !••••
j-n
KOAPaolitg4o....l990
TeboANeoiho lit 7i. 1903
133
124
•101
M-N
BooneTBdsOogng7i..'06 [tl-N
M-N
1940
gagSi.
Dal4Wa lit
M- H
MKATof Tlitgng8i.'43 J-D
BherShiSou Iitgng5i.'43
MoKABlltgng
1900.
Low.
143H
122H
122^
124H
lllH
PEICBS
BONDS.
•-.2
N. Y. BTOCK EXCHAJJGE St
Week Emdiho Mar. 1.
Tear
••a««)
1944
lit axten gold 5
Range
ori
Attn
Minn A St L-lit a 7i .1837 J - O 147
Iowa ex lit Kold7i...ia09 J- D !8IH 134
Boath West ex lit g Vi'lO J - " 136«
M
I
THE CHRONICLE -BOND
1901.]
BONDS.
V.T. STOCK EXOH AKG £
WaiK SWDOio Mau. 1.
MJn 4
.
108
110
10656 107
71
Ot
I
»6
81
• 11356
»8
8854
4!^
98
I 96
lAnd Intareit. tPrtoe per ih are
AA
.
THE CHRONICLE —BOND
428
PHm
Wtek'B
hYiday,
Sangaor
March 1.
Latt Bait.
BONDS.
II.T.BTO0K KXOHANOE
Wbbk Eitdiiio Mab, 1
Boon A PltU.
5e« B
ft Og S«e
lUmgt
I*
tJoAQIlStg
92
.1947
5i.l998
3-4«
Law& Adlr— lit g
2dK0ides
98
98
9%\i
81
17
98
« Oal. 8m Mob % Obto.
A Iron Monnt. Sft M P.
L K O (k N. at$ Wabaib
L M Br. 8«« T BB A of 8tL
190H M-^ seceei itttsi 118^ Feb '01
at LftS Fr- 8d 8 ei CI
ad gold «• oiaaiB
leoe M-N •••••• ••••> 118HFeb'0l
118
111
118
tdgoldei OlaaiO
1906 M-N
1981 J-J 180
189MFeb'01
€)«noral gold 6i
116
gold
1931
J.J
0«neral
Ot
116M
108^ Oot'OO
Itt trait gold 5t
1987 A-O •107 115
1st g 61 Pierce
A 0..1919 F-
iiOMiis^ Snnb ft Lew— 8«< Penn BB.
8 jra Blng ft N 7. Sm DL* W
ebo A N. Sf« M K <fcT
181M ISO
'
BtIi*BFBBg4t....l996 J-J
96%
Boathw OlT Ills St. 1947 A-O
OentDlT litR4(. ..1939 A-0
KanKM Mid 1 It g 4i 1 087 J-D
100
L 8o. 8*$ nilnol* Cent.
t L B W lit g 4i bdofi. 1989 M-
97^
78^
Bale
Sale
t
BegUtered
lit guar gold 5i
1987
1937
1987
B«glit«red
WillftSFlltg •I....1988
1938
Bagiitered
MPftNorPaa Sm Nor Pao
riP ftS'zOltr.flMOBtPMftO
te Prei ft Pb lit g 61.1942
J-D
J-D
lltgSi
1934
Bt John'i DlT lit g 4I..19S4
Mid Istgng 5a...l928
Bnina
ft
W Istgag4i.l988
BUBOeaftOgng4i 1918
Beloto Val ft N H. Sm Nor ft W
1926
B«ab ft Boa lit Si
Oar Cent lit oon g 4i 1949
Bher 8hr ft So. Sm M K ft T
.
120H
106
104
110
.
181H
103)4106
Feb
ibs" io9H
185
186 X
116
118
Apr '00
188
188
Feb '01
Apr'97
Deo'OO
189M
136)4
ISO*'
Apr '99
M-8
104
A-O
J-J * 93
M-N 106«
J -J
J-J
94
Feb '01
106H 106M
87 Jan.'01
87
10iNr«b.'98
105M
101
99%
93
85
Sale
Ba;e
103K
lOOK
SS
133
100
1291
93K
I
Mar'03
107U 107M
108
Sale
10292
••»<
9
\\\%
l\\%
11 OX
90
NoT'OO
Feb '0 \
137M
Jan-'Ol
136
113
86f4
104)4 106)i
97)4 loapi
110
100
100
106
20 109
114
-J
-J
185
Sale
109
108
87
91)4 Sep.'OO
118M
iisQ
91U
119
NoT'OO
114% lit
117
J'lr'OO
117
UB
Feb
104% 108
110)4 117
1
"ae
116
llT
118)4 116)4
111
111
'0
I1C)4 Jan.'01
I0f94
10694
a
t»*
1
67
106
106
96
90
116%
113
106%
ICO
97 Feb.'01 • at*
84)4 9a
88
1
H8
88
78
86
eSM Bale 88)4
95
89
80
Sale
76)4
80)4 787
9»)» Jan.'0l
9794 100
106
118 Feb '01
108 107%
106 Bale" 10594
181
106)1
10194 108
)06 Feb '0
I08)tf 106%
108)4 Sale 1C3J4
103% 318
3 110
ilO
lie
111
!04 104)4 104
87 100% 104%
10494
1^8 Bale 12794 138
7 13694 ISO
8 110% 118%
1I6M 8ale 116
116M
106 Jan.'Ol
106 10«
119" Bale' 119
-.19
108)4 Oot.'00
108% 108%
119^
110!4
llOX
80
109>4
98
6494 Sale
110
111
86
97
109
100
109)4
4
118
lis
118
lis
181X
180)4
98)4
121%
Bale
98)4 Sale
lis
98%
16
100
83
68% 1120 89%
5894
111
Jan.'Oi
108
ge^Feb'Cl
88
Feb
91
1194
108)2
99%
4892
118%
90
109% 111
98ia
lOlk
81M
78
85 110
107
IS 110
las
88% 95%
88% 86
8
'01
114)4
110
•
•
114M114M
diiCUKiTltLS
Aik.
SS
no5 108
82)4 38
97
i 95
Bid.
76
106M
106
114)4
71
iieii
Aog'OO
107N 108M
108
Jan.'01
118MAng'97
94
80 Feb
117M Jan.'01
180
116«
\li%
Feb
119)4
• •
ai
•
« •
*DaeJnlr.
Par.
58
7)4
87
76 1^
Ask.
80
81
Amer Graphophone.
9%
10%
«%
10
31
83
03
80
.
91
t
Preferred
1919
MftS
Amer Preii Aiioo n. loO
98
70
6i,
.
Amerioan Screw
Sheet SteeU
43J4
11
10
360 1910
, ,
. .
1932
119
181
J-D 180)4 Sale
J-D
M-8 M88 185
M-S
M-S 122)4 Sale
M-S "99%"".',
F-A
F-A
K-A
J -J 110 HI
t
1
84% 36%
110
110
116
108
9»J4
8894
Mlaeellaneona.
Amer Sheet Steel pref..
.
Sblpbnlldlng ... 1 00
...100
Preferred
Vm Soda Fonn—Com. 100
86
88%
88
sa
10
100
84
01
110
08%
IDS
Jan.'99
Feb '01
Feb'O
99
8991
J'ne'OO
109
Mar'98
116
104
100
88% 90
113
96
71
91
82
96
97%
119% Feb '01
ISOM
180)4
116%
188;
119)4 Deo'OO
119%
119]
188
las
126
136
iaS)4
138)4
iisuias
10 138
96%
"98)4 Feb''Ol
106
Oot.'99
109
Oot.'99
111)4 Janu'Ol
184)4 Jan.>01
109)4 Deo '99
99
aaeaaa
Sale
I
185%
"oV
111
116
il7%
1*87*
Dm '97
9194 Oet.'98
117)4
118% 118
117
J-J
98)4 100
96
Bid.
80
118)4 Sale
Ask.
81
84%
94% "96%
8
98
98
39
100
99)4 NeT'99
7
100
48
68
9
18
100
8d preferred
60
185
195
Buretr
Amenoan
84
84%
Lmer Strawboard.,..100
FftA 101
Bonds 6s
Am Trpafo'rs—Stook.100 58 "69)4
Bxoh. tilt.
Stock
Amer. Woolen— Sm
Amer Wringer com... 100
......
Preferred~
lit preferred.
116
99% 114%
98% 108
Bep.'00
91)4
96
118%
118)4
10
102
176
109)4
IB
176
118%11S%
109% llOM
6
10794 Deo'OO
118
leP
10794
107M
are option sales.
ooNSBOUTiVB PA&B8).— ^.^iJiJF
Par.
107
7
125
Due Jan. iDnaNoT. a These
91% Amer
88% 85
.10
10
Due March.
?
48%
Amer
J-J
F-A
a«e NTG ft BL HftP
BqOasLNT Istoon Si.. 'S3 M-8
Bq G ft Fnel. Sm P O ft C Co.
I
Bridge Co-Corn
Prelerred
American Chlole Co,
Preferred
Amer Hide ft Leather
lilt.
ojf
Bid.
Amenoan
Preferred
Itit,
g 6i
88)4
1
'01
J -J
J-J 111«
J-J 134
J-J
UnBl(Chio) 1st g6s....l945 A-O
w Ohio St40-rr lstearSs.'3S M-N
40>rearoong6s
1936 M-N
GAS ft BLBOTBIO LIGHT BON DB.
AtluU GLOo Istg •s.1947 J-D
Bciu Gas far otfs s fg 6s. .'89 J-J a*«a>
Alrn V Gas 1st oon g 5s.. '46 M-N 117
ChGLftOOo. SMPGftOOo
PanlOltr Oab. o g 6i. 1987
Gnaranteed gold 6i...l937
Third At lit gold 6s. ... 1937
lit
89)4
'0
113
J -J
J -J
BergCo oon g 6i'49 J-D 108)4 Sale
\0\%
109)4 Gen Bleo Co deb g 5s ... 1933 J-D
loe
Gr EapOLCo lit e 5s. 1916 F-
108
at koox
Mlaeellaneona.
60
86)4
Gas ftBleo
101
104
'01
(Uivjsii
F-A
J-D
A-O
185M Ed BIIIL
184
186
118
20 119
'01
Bonds due Ang.
t
116
.
183
Feb
g
Beglitared
1943
ColftSthAr litgn g6s.l983
Bagiitered ...,,,,,..1993
Colnmbni Gai
115
116
loiM Jir'oo
109MFeb'01
108
118
OonGaiCo. SmPGAOOo.
11494110
114 180)4 Detroit Cltr Oasg 6i,, ,.1988 J- J
Det Gai Co oon lit g 6i. 1918 F-A
108)4118
Kd El Dl Bkn. Bee K Co BLftP
\t*% Feb '01
187
183
109)4
9SM 9i%
77
'0
1
tr
.
107H 111 101
1?0
8894 Sale
1099<
It
1065<NOT'97
94
Br gen
6s. . 1997
Bwar&TtiLAT Isto g Ss. 194 3
Bt
L«zATftPFlstgng6i.'93
110%
Bagiitered
110H 118
MetWSBl(Chio)litg.4i.l938
119
117M
Registered.
1988
106)4 107
104)4 109H 111 Bl Br ft I< SO-rr g 5i 1936
litoon
St
(inn
Br
g
1919
6i.
lie 118%
•••
•••
89)4 Sale
Feb
D8.
110J4
110« NoT'OO
Feb "01
NoT'OO
108^4 Feb '01
116 Aog'OO
F-A
J
118)4 Feb
117
118
108
BkQCoftBoongngSs. .'41 M-N 108 104
Bklyn UnBllBtg4-5sl 950 F-A
98M Sale
<(«t
1107
114miB)4
•lis
113
M-S
1945 A-O
Atl At Bklyn Imp g Ssl 934 J -J
Istoon
BkCltr
5s.l916.'41 J-J
'
Jan.>01
UOH Ang'OO
-J
A-O
.l-J
5i
Den Tram Cooong6i.l910
UetBrCo litgng 61.1911
180)4 130)4
LonlsBr Oo Istoon g 5s. 1930
Market BtO Br Istg6s.l9l3
180
107
10?
115
108
109
I
1st g 6i .1986
lit gold 51.1988
Bztenftimp gold 6i.. 1980
Cltr
87
81
,
price Friday; latest bid and asked,
76%
aiaaaa
Feb '01
113^ Deo 00
116i^
96
116
••taaa «••••
•••••• ••**ti
aaaaaa •••«aa
aattlfl attata
. .
Pitta.
Kings Co El Istg 4s.. 1949
Naisau Elec gn g 48 ..1P5
ft 8 By Bait Istg 5i 1928
Dan Con Tr Oo litg 5i ..1933
109^118
••••
I
85
a a
SMSonthRj.
STREET RAILWAT BON
121
103
ft
llOH Bklyn Bap Tr g
110
106^ Feb '01
106M 1C6H
.
. . .
Sep.t
99% 99% WinonaftStP. SmOANW
80% 86k WiiOent60-rr litgen4i..'49
110
A-O
A-O •110
A-O 118
A-O 18CM
M-N
Mlacellaneoiis.
Aeker.Mer ft Con 6i 1903 100
Amalg. Copper— SMStock Bxoh.
Am Agrle Chem—Sm S(o ckKx.
Amer Bank Note Co 60 T 61
6
Amar Bierola—Oom
ssaasi
aa
Oot.'99
Jan.'99
W
litoon 48
1949
94M 99H WUkeiftBast. Sm Brie
97
I01H WU ft Sionx F. Sm St P M ft 1£
105M 64
\0\% 348
\W% Feb '01
SSKSale
B4X
86N
..
113
113H 118
M09J<
UIH Jan.'01
.
76)4
NOT'99
99% J'ne'OO
9e« 173
87«
88>i
BablnedlT 1st gdi.. 1913 M-S
Oon g6i
1943 J-J ib7Msi[re"
Sonthem— litoon g 6i.l994 J-J llSM Sale
B«glit«red
1994 J-J
Mam DlT litg 4-4)<-6ll996 J-J
B«Bglitered ...,,
1996 J-J
laOenB litg 6s.... 1918 J-J 114
AUft Danr lit g 4i .1948 J-J 94 Sale
AUftTad litg gn 41.1949 A-O
Ool ft Greeny lit 5-6i.l916 J -J 118«
T Ya ft Oa DlTg 6i. 1930 J-J ...... 180
Oon lit gSi
1956 M-N 110^ 120
Ten reor lien g i>6i.l938 W-8 lis 116
B«giit«red
1938 M-8
€hi Pao Br 1st g 6s.. .. 1933 J -J 136
Bnor ft Ohio 1st g 0s 1935 J-J 184
Bloh ft Dan eon g Ss. . 1915 J -J 123 Sale
qnlpiinkfnndg 01.1909 M-8
D«bSi stamped
1927 A-O,
Bo Oar ft Ga 1st g 6s.. 1919 M-N 109
"raJarred* ..,,,,...,,,,,
6i
MftS
J
1936
Wheel'g ft L
Wheel DlT
• • • • i •
Bond!
•
Non-onm lao A 6s...l946
Utah ft Nor 1st 7s
1908
SMPaBB
I
108
109
ft North. 8»* Un'Pao.
UtloaftBIaokB. Sm NT Cent
Ver Val Ind ft W. Sm Mo P.
.
. . .
-I
W-N
19ll
SMBftO.
W YaOentftP Istg
6s. 1911
Stamped
1906-87 M-N 108X
P Ooait lit gn g 41. 1987 J-J
VczftNO lit7i
1905 F-A
1 L4^ 110?<Feb'01
88d Sts Ferrr
IstmortSs 1919... JftD
Union Ferry—St ook
MftN
IstSi 1920
-J
I
1st ien c <nv 4
WTa
BPaoof NMezlstgei.'ll J-J
ft
aaaa*
aaiaa
aaaaa
West Shore. Sm NT Cent.
BA*APaiilitgug4i.'43 J -J
BoPof Argn litg6i.'09-10 J -Jt
WovTT CoiiipaHl»a.
J
ie39 Ln-^
8dgold 5i
1939 F-A
Debenture series A. ... 1 939 J-J
Series
B.
118 118
ios9 J-J
lstg6iDetftOhHxt..l94i J-J
185)4 126)4
Des Moln DlT 1st g 4s. 1989 J -J
StObasBrldge Istg6s.l908 A-O
94)4 94)4
Wash Cent aee Nor Pao
100 106
Wash
Oft W.
Bu Sonthem
8894 85
WeitNTftPa litg 61.1937 J -.J
GengS 4i
194S A-O
Inoome 9s....AprU, 1943 Not.
West No Oar. Bu Sonth Br.
949{
J-J
J-J
F-A
J-D *
MezftPao litg....6i'31 M-N i08
sua V GftN litgng 5i 1924 M-N 107
HoniBftWT litg 51.1983 M-N
litgng Si
1983 M-N
HftTO lit g Si Int gn.1937 J -J 111
Oong6ilntgtd
1912 A-O HI
a«ng4i tnt^
1931 A-O
90
Morgan'iLaftT Iit7il918 A-O
lltg6i
1920 J -J
MT T ft Mezgn litg4i.'12 A-O •••«••
NoofCal litgng 61.. .1907 J-J
Guaranteed gold 6i..l938 A-O
Or* ft Cal litgtdg 6i. 1937 J-J
10th
.1
.
106M loex
Jan.>01
118 J'ne'OO
ia6MJan.'00
138 Deo '99
.1949 F-
OUT8ID£
J-J
A-O
J-D
A-O
OreurftMarlsts f g 6sl90b
J
Ore BBftNaroong 41.1946 J -I
Ore Shortlilna lit g
1 923 l<-A
Ore Sh L— Istoon g 6s.l946 J -J
UnlNJBBftOOo.
••••• ••t*«i
184X,
Sal HarftSAlitg 61.1910
adg7l
1906
*No
taaaa*
••••aa
•••aa
•••••
aaaaat
Mob.
,,,,,,1947
CentraL Sm Bio Q
116M118K Utah
Utah
•••••(
•••••> !•••••
Mortgnarg3Hi....l929 J-Dt
Beglatered
1939 J-Dt
6
1
Beglitered
Year
104
Feb '01
11H)4
118)4
j
IrglnlaMid.
MW lit gngOl... 1941 J-J
OPao lit iefgaK4i... 1949 F-A
lit gold eiierB..1905
lit gold 61
1906
lit gold 6i
1913
litoon gnar g 6s.. 1937
'
190a
M-6
J-D
Wabash litgSi
Aft
lit gSi.. 1905
W lltgold 41.1917
'25
Gold 6i
BUSOeaftO SMSayFftW
BPofCal
4s. ..199C
Range
11914 J'Be'99
llf)4 Jan-'Ol
111
Jan.'00
old 48
1985
Ham ft Baff lit g 4i. 1 946 A-O
J-Ut
liter ft Del litog 6s. 1938 J-0
n Pao— KB ft gg 4il947
-J
SC-jear
F«b.'01
Jan.'99
'01
gu g
Wuk'i
Sangeor
Latt Sale.
A-O
F-A
A-O
Tor
'
117)4
lit
1935
1935
Tol=tL&W-P,lieng S^
n9wii7H
laox
6l....
General gold 5i
Kan ft M
116)^ 181
187
148X
Feb '01
I37« Feb '99
116« Jan.'Ol
116^ NoT'OO
Bod Bar ft So lit gSi... 1924 J-J
Bo Oar ft Ga. Sm Sonthem.
B6n Pao Oo 2-5-rr 4^b..190& J-D ICO Sale
Oold 4i Cent Pao ooU.1949 J-Dt
93M8ale
BeMitered
1949 J-Dt
Begiitered
Weit'ndlT litg
58H 75
148
•isfa'
A* A p. BMaoPa«.Oa
BFftNP 1st fgeB...1919 J -J
arr W litoon g6i.l934 A-O
ft
7H«
9m
86
17
1169
98
118% Feb '01
A-O
A-O
A-O
A-O
J-J
J-J •1S3X
J-J
J-J issji
•«•
J-J
.
TolPeoft
. .
M
A
er
of St Lilt g 4)41. '89
lit oon gold 5s. 1894-1944
St L
BgeTergn g5i.l930
Tex ft N 0. S«* Bo Pao Co.
98K
98W 100 TexftP By B dlT litg 6i. 1906
lit gold 6i
..8000
90M 96
3dgoldlno. 6i, Deo... 8000
TolftOC lltgSi
1935
J'ne'OO
76
I
1
M
79
96>4
98K
td g 4i Ina bond otf ..1989 J-.M
arar'i Pt Ter 1 it gn g 6i'47 J-U
Paal & Dal Se» Nor Pao
St Paul M ft Man 8d 61.1909 A-O 119
148
1983 J-J
lit eonioi gold 6i
Baglatered
1933 J-J
B«dnoedtogold«Mi 1933 J-J 116M
BagUtered
1933 J-J
Dakota ezt gold 6i .... 1 9 1 M-N '180^
1 937 J-D 106
Mont Bzt 1 It gold
BMrUtored
1937 J-D teees* iiiiei
la
108M 104
90K Feb '0
It
UB%
106
.
litdlTlltgSs.,.1908
Bcglftered
1908
NordlT lit g 4s.... 1948
Beglitered.....l948
Minn Union lit g 6f.. .1923
Mont lit go g 6l. . . .1937
M-S
M-8
M-8
M-8
M-S
M-8
LX2II
[Vol.
A$k. Low. High. Ho. Low.BiQik
W
at L
«t L
€
D 4-5s
B Ss
Bid.
1931
•
1926
aaaaa*
F Ss
1931
Q«n5s
1938 i1l-N il4" 116
Otdstamped.
1936 .n-N '114 116H
WOft lit or gn 41.1934 F-A
West N cist oon g6s.l914 J-J
8 ft N Ala. Sm L ft N.
Spok FaUiftNor Istg ds. 1 939 J-J
aaaaa •«••.
Statlil Br litgn g 4)41.1943 J-D ••aatf aaaaa.
1V96
. .
JPriet
Wbbk fiiTDtiio Mar. 1.
Series
Series
Series
4.
tHday,
March 1.
N.T. STOCK £XGHANG£
"si" "as"
B & P.
NT Cent.
Page
(6 pages)
BONDS.
Year
1900.
8altLake01itKi(6i. .1913
St
prices
1
.
Aik. Low. High. Wo. Low. High
Southern— (Con)
18
106
106
Virginia Mid ler A6i.l906
71
81
BO\i Feb '01
Series B 6
.1911
99% 94
93 Feb 01
SertesC 6s..,
1916
Bid.
Bio Or Juno lit gng 6i.l9S9
1940
Rio Or Bo lit g 4a
Onaranteed
1 940
Borne Wat.
g
1
1
,
:
dk
MISGELL'8.
Mlseellaneoaa. Par.
Amer. Writing Paper....
Bid
1
Preferred
9
64
6i.,
Anthraeit* Coal Co
Bamer
SmCar
t
100
88%
Preferred
100 z
BergnftBngBr lit 6i... 100
aUss Companr—Com..50 196
Preferred .,.,
50 186
3ondftMort Gnar... 100 866
ft
British Columbia Copper
Uellnlold Co
100
I And Interest,
r Prioo
Ask
a
11
64%
86%
187%
106
187%
08
886
81
108
perih
are.
81
9
..
,
,
Mar.
1
BONDS.
. T. STOCK EXCHANGE
Wbik Bndiico Mar. 1.
Prict
Week's
Range
Friday.
Bange or
Tear
March
...«• *••«#» t*«*t«
...... •••«. ai....
OeK
•
tiWOa^LCoofBtLlitgSii'ie Q-Vt
1»1» Q-Ft
Bmall
Mnt Fnel Oai Co Ste P«opQm
....
»TGHIiH*P..g 8i. 19*8 J-D
J-D
11
Feb'Ol
111
UIX
IM Bale
9tHi
106
87
F-A »SM Sale 96
95Ti
109i«Jan.'0i
Bl 111 lit oonT 8 BiieiO ni-B I075i
lai
liO
NoT'OO
1996 J.J
litoondBi
P»ter»orA PQ * H g 5i.l949 (W-H (•••e* (••••
ib?'
J'iy''o6
M-N
PMOM&Olitgng6i..l904
Jan.'01
•« ••••< 108
1904 J-D
8d gtd K6i
ISO
Feb'Ol
1940 A-O 130
litooniolg6i
106
Deo '98
M-S
••••••
1947
EefundlnggBi
M-H
.1947
a«8litered
108H Feb'Ol
ChG-L*CkelitgaK5i37 J -J i08><i
106>n
ConQOoofOhlitBagOi 38 J-D 106 lOflM 106
...a
104 Feb'Ol
J-J 108H
HqO* KCh l.ttfn((6i.'0S
Feb'Ol
102
108
5.1947
M-N
K
MnFnelQai 1 St UK
d
mon g
66
*••• ••}??«
9SM
106M110
,
117M 130
107
109
Trenton a 4 Bl lit k 58.1949 IU-8
K L* P lit i f g 5»-1850 J -J
Utioa
WMtn Om Oo ooi tr g 5i...
3S
M-N
Feb
10
'0
107MJan.*01
OOAIi i IRON B0ND8.
ClahOoalMln. SeeTOI&B
^learf Bit Coal. SeeNTCAH
OolOAI lit con g6i... 1902 F-A
101
104
66
1909
off.
gold 6i. 1919
Col FAICogen if K5i.l943
De Bardel C & I. i8«e T C & I.
Or BIT Coal * C lit g 6i.l919
/•ff AOlear 041 litg 5il926
1926
SdgSi
PlwuValCoallitg
116
187
107
106
10»
ina
107
109i<
109
108
106
107
m 5»194B
io6K
loiyi
WhLHAPOCo litg5i.'19
J -J
6i..l912
TennCoalTDlv Iitg6il917
Blrm Dlv
Oah C M Co
Jan.'01
107
119
D
n
11 an
D
ICOM
101
Jan.'00
108
18 108
"4 105
98
33
97
•
101
'00
Feb
83
M-e
108
Bid.
Aik
0«ut Flrew'rka—Com.100
8S
100
78
Okatcaogay OreA Ir 6a '15
30
He
74
46
Preferred
Ohei
AO
Grain
|
Bl—Ino.
100
98
100
91
83
63
105 Jan.'00
899i Feb '00
99 Jan.'99
lOB
70
16
78
80
410
Ckeiebrough Mfg Co. 100 880
x.Uat
Alton
RR—
Sea
StkaB
Chicago A
(H B)-lat pref.lOO
101
100
101
ad preferred
108
108
Common— S« St.Hx. Hit
93
109
A Hook Coal A
I,
53^
7H
8
86
78
115
10
116
50
86
pfd.
85
95
10
6S
im
60
90
80
60
80
75
18
loeyi
4
7
BO
Trani.SO f 60
Dep (Bait).. 60 1160
40
Preferred
UO
Qorham Mfg Co-Com.lOO
100
180
Preferred
,
. ,
Heok-Jonei-J MlU-Pf.lOO
llt6i 1923
MAS
60
Havana Commerotal
14M
,
100
8d preferred
,,,
I'M
85
106
16
63
t
50
t
Preferred
MIeceHaneoue.
Preferred
Union Switch
Preferred
88m
83^2
!0K
iOH
43)4
A
Signal. 50
SO
Union Typewr— Com.100
16
100
3d preferred
U. B. Cast Iron Pipe
Preferred
100
•
••
• •
•
•••
16
8
no
106
li
•ee»e*
74)4
104
188H
11«
New
t
3
70
100
Jer Zinc A Iron.. 100
8
N. Y. Bl.Veh. Tranap.lOO
60 t
NlofaolaoQ FUe Co
89
Otla Bleyator—Com
98
Preferred
Peck, Stow A WU0OX..36 t 87
SO 750
PeaniTlyanla Ooal
PItti Beaa
ALB
Preferred
Pittsburg Brewing
Preferred
,.
PltUburgCoaL
100
100
100
Preferred
1
•eeee
76H
118
8>a
lit
... 1 00
100
61- See Stook Bzoh
N. r. CITY.
America*.... 485
Am Bxch .... 849
Astor
600
Bowery*
30O
Broadway.... 848
Batch' sADr.. 91
Central
170
.aaa
9a
600
»303
OhemloaLa... 4000
1
t
394
807
8D6
^09
list.
93^
38H
Preferred
85
Ruiiell ABrwln.
Safety Car Heat A Lt.100
Packing
Beaooait
Oo .
Preferred
78
t....
183 ^s
96
a-«)«
79
63
186
168
166
160
100 145
Preferred
143
147
100
8d prefeited
380
100 870
Singer Mfg Co
786
StandarJ Oil of N J. .100 780
aao
Stand Dnd'rg'd Cable. 100
Sl0i»-8heffleld - Sea Stock Bxoh. llSV.
Bonthem Cotton Oil. . .SO t 65
40
86
BtandardCoupler.oom. .
Preferred
.a
186H 199
70
65
StUlw-Bieroe A Bm-Y.lOO
16« 17
Storace Power
lOSH
100 101
Swift A Co
loss
lit 6i 1910-1914.. .JAJ 1101
180
118
1911.
...JAJ
BoaqOoal 6i
Texaa A Pacinc Ooal. 100 lOIX
AAO {106 110
lit 6t 1908
TIUeGnarA Trust... 100 400 475
5
8
Trenton Pott—Com.. 100
68
eiM
Preferisd
100
,
S6
Domes. Bzoh
•
••ees
Bait River.. 140
11th Ward*. ISO
%%^
Fifth Ave*.. 3793 33S0
Fifth
23S
First
3600
14th Street*. 160
Fourth
191
too
Gallatin
43S
Gansevoort*. 100
1600
Garfield
Fltfelltr*
, ,
German Am* 139
German Bx*. 869
Qermania*... 500
Greenineh*.. 165
Hamilton*... ISO
,
187
.
101
lOSW
lis
118
I07?i Feb'Ol
109
118H Deo'OO
109
Bia.
889
Merohants'.. ISSV]
X
MetropoUa*.. 600
6S0
20 103^107
IS 104
loe
1
11
108M
10811
181
181
Feb.'98
120
Mar'OO
96)i Jan.'Ol
180
180
9iH
7KFeb'01
AogniU aTheie are option
MleceIlBneon»» Par.
8 BnVelope— Com..l00
NY*
13th Ward*.
Bid.
100
90
S Glass—Common.. 100
Preferred
1 00
US Sioel Corr oral ion....
PiOferied
Va. Coal Iron A Coke. 100
180
87
88
U
Pref
Bid.
Ask.
38)4
87«
88)4
5
8)4
no
aaati
390
890
189
105
33J
140
100
33d Ward*..
Union Sq*... ias
Weit Side*. 390
910
Western
YorkTllle*.. 380
Sprague
26th Ward*..
Union*
no
Wallabout*.. 106
Troat CoBa
340
•
Banka.
Broker*'
«
N. Y. CITY.
••••
196
900
106
« • t
t
849
Bowl'gQreen 188 196
Ctl.Rlty BAT 350
Central Tr'it. 8010
City Trust... 360
Atlantic Tr.
Colonial
Continental
.
843
Farm Ln ATr
•*•••
Fifth Ave Tr
Guaranty Tr
Knlok'rb'ok'r
Manhattan
IIS
160
116
100
•••
•
••!
.
)400
400
••••••
1479 16«0
530
t809
586
360
810
Mercantile
Merchants'.. 316
Metropolitan 590
.
MortouTruit 636
N Y L I A Tr 138}
N Y Seo A Tr eoo
North Amer. 1370 871«
Real Bit Tr't «396
Standard Tr't 380
885
Tr.Co.of Am. »80
Tr.Co.ofN.Y. ti\0
Union Truit. 1400 il'ii
Bedford*...
i>86
UBMtgATr. 489
Broadway*
330
Unit. States.. 1701
Waihlngton. SOS
85
110
bR'KLYN,
300
Kings Co*.
110
Manufaot'rs. i88
Mechanics*.. 300
Meoh A Tra*. 370
Merehants'. 100
8J0
• • > t •
300
885
Nassau
Nat Clt7...a. 876
North Bide*. 176
IPO
.*•**•
Scherm'rh'n* 170)4
119
17th Ward*. 106
People's* „.
50
98
83
9s 1949
MAS STa 3SX
Westlngh Air Brake... 50 tl83 II8S
Worthing. Pump, pf d.l 00 118 1116
Etepubllc .... 399
Riverside*... 210
State* .
State of
10
& MISOELUH.
Plaia*
Prod Kxoh*.. 198H
Seaboard ....
Second
Seventh
Shoe A Le'tb
W8H 96«
90
«6K
89
S«M
Feb'Ol
96HF"eb'0l
96
'«•
....
•••
138
eiH
190
Pheniz
106M 108M
tOSM
170
189
460
239
too
175
Peoples'*
109M I09W
106
100
Ninth
North Amer. 815
Park
108M ll*H
Feb'Ol
160
....
91%
Apr '00
106
tiCO
19th Ward*..
696
pound.
108
Broker*' Qu oUMo n*.
Mt Morris*. 190
Mutual*
Nassau*
181M188M
113H116S
118Mll»lS
Ang'CO
109^Feb.'9^
4
Banka.
n\%
114
117S
114
118K
183J< 189
108
Ask.
117)4 118)4
4I9
4
31
34
108«lll)f
108M iiaS
lOSMJan.'Ol
Aug'98
l09XOct.'00
103
Feb'Ol
181
86
10
30
57 >s
t 65
80
t 77
43)4 49
118L, 114
113
ruedint.)
te
105
184
ua
104^ 107
97
t« the
107«
First
890
\0(i\i lOOK
••..a. ...a.,
...at aaaaaa
NoT'09
697
of Ave doUare
Brooxi^..
no
8th Ward*...
100
5th Ave*..
HldeAL'atb 165
Imp A Trad. 940
Leather Mfr. 280
400
Liberty
836
Lincoln
Manhattan* 890
Market A Fnl 846
MeohanlOf'.. 880
Meoh A Tra* 100
399
MeroantUe
Merob Bzoh. 186
Jan.'01
BR'KLYN.
Hano'r(new) 900
Irving
108
188H 137M Jan.'01
138
138M 138^ Jan.'01
lli;i 118
US D..o'Of
111}^ 113
llCJt Feb'Ol
Paclflc*
108
ii'iit
188
Oriental*
....
iisM
aiit**
•
uiM lUM
llOH 118 noH 11 on
US 113^ 113X Feb.'Ol
114
U4M nSM Feb'Ol
New Amst.*.. 760
New York Co. 1500
N Y Nat Ex.. 130
New York.... 339
198
98M Citizens'
618
96M City
Colonial*
306
83^ 8»U
Columbia*...
seo
48)4 48N
97 >a 37H Commerce... *S10
149
88H 88)4 Continental
Corn Bxch*. 386
,,
Royal Bak Pow pf
Rubber Goodi Mfg
Trow Dlreotory-New.lOO
Ask.
BroktT*' Qtt otati on*.
80M Chase
98
Chatham
198
167
Glan
Plantera' Compresa— S«« Bost'n Hit.
HO
86
Pratt A Whitn— Pref 100
Pitts Plate
Bid.
33
66
60
60
50
50
85
114H 116
Slmmona H'rdw-Com.lOO
8
SO
t
Veh.TranL.lO
Blacult 6a 1911. MA8
Banka.
Feb '9
Deo'OO
lUH
5
,
nan
•••tit -•••»!
IIIH
111
»«
1st preferred... ...,100
••••* 100
ISM
Par.
101
tee $eventh j>a
106
106
\06\i 106
1C6
106Vt 106;<
\06%i
111
non Feb'Ol
oonsboutivb VL<im).— BANKS
3
43
40
....
«•••»
>••••
Oot.'99
iaily record
1919 A-O
6
Bo Carolina— 4H8 20-40.1933 J -J
Tenn— New aettlem't 3i.l913 J-J
Union Copper
Dnion Steel A Chain.
Ifi
t
Bale
8TATB 8BCDRITIHS.
A 4 to S. 1 906 J-J 109
1906 J-J 109
Clan B Si
1906 J-J 103
Claii04i
Currency funding 4i..,1920 J -J 110
Dlit of Columbia— 3-6Si.l924 F-A 183
Loaliiana— New con 4i..l914 J-J :07H
Small
Mlaaonrl— Funding.. .1894-95 J-J
Nortn Oar—ConaoMi... 1910 J-J 106
Small
J-J
7
•
90
100HOot.'00
100 OOU'99
Alabama-Claii
Aak
,
ionmeay A Baraham.100
,
113
•107X
d of Mexico a f g Sa oS 1899
b That are price* on JU
6
••••• ••••••
118
1907
1907
1935
1939
1904
1 904
Bid
40
Markeen Copper
Mez Nat CoDitmot'n. pfd
Monongahela River Coal.
Monongahela Water... 3
Moiler Safe Co
100
100
National Carbon
7
.
Int«matlonal Ulevat.lOO
99
>••••
Intemat'l Pump— Sm Btk. Bzoh. lUt.
Internat BllTer— S«« Btk. Bxoh. Hit.
Do
do
pref.
89
41
Do
do bondi.
95
99
Iron Steamboat.
100
8
4
Oi 1901
JAJ
68
66
John B Bteteon—Com.100 no
Preferred
lOO 116
180
Preferred
lOO
Lauton Monotype.... 80
Law7«n' Burety
lOO
LawTWi'Tltle In* . . . 1 00
Lorlllard (P)— Pref. ..100
%
§•
Small
J-J '96
Virginia fund debt 3-Si.l991 J-J
96ii
Reglitered
106
J-J
61 deferred oerttB
Due May. i Dae April. I Bondi dae January. 1 Due
.
86
Hoboken Land A Imp't.
Be
IlllnoU Bleo Veh Trana. 1
116><
101
Dne July
N Y LoanAImp
66
Hemng-Hall-Marrln. ...
lit preferred
t
Procter A Gamble.
Preferred
i^K
78
100
100
lOO
Preferred
lis
(Given at foot op
N. K. Kleo.
A Wvitem
General Carriage
Chemlc&l
Preferred
8
14
107M
84
84
eeii
Mlee*llaneona. PwGarden— 101'
8d6i 1919
MAN
4H N T
4k
Bmplre Steel
'Slwiaral
109^ 109
83
18
80
83
100
80
16
6
Nat'l Gramophone.... 100
National Saw— Pref. .100
Bxch.
List.
National Salt— Sm Stock
160
lUU 140
National Surety
National Tube Se«NT8tk Szoh. Hit.
.
A
89Jli
Preferred
30
3S
800
300
90
t 86
83
Crunpi'ShABn Bldg.lOO 80
Cmolble Steel— Se« Stock Eich. list.
oiamond Match Co. ..luu 18S
Dlitill. Co. of America.
6>o
e«i
Pref
37K 83
86
86
Bleotrlo Boat
,„
68
63
Preferred
Hleotrlo Vehlole
16
16
40
Preferred
80
Umpire State Sugar
88
83
,
lit6i
IIOOH lOlk
Fidelity
105
87H 9S
"7 104
109
109
67
Preferred
JAJ
litg Si 1917
Oompreaaed Air Co
Co liolld Car lleatlng.lOO
Coaiol Flrew'ki-Com.lOO
100
Preferred
Cons Ry B.eo Lt A Equip.
Rubber
Tire.
Ooaaoi
Prcf
Oorbin Cabinet Look. 100
Corbin (P. A F.) Co.... 96
Brie
36
106H
Ang'OO
• • •
Small
Apr'97
105M
i>e
Nat Bnam'g A Stamp. IOC
Colo Coal A Iron Develop
Preferred
Ool
D
"SS"
89M
D
• • •
111
lU
40
•••f eettti
••••
• • • •
J-J
M-N
M-N
GOV. 8BCURIT1B8.
no
81
• • • • •
1«80
8 3i reglitered
193t
8a ooopon
1918
d 3a registered
8 Sicoapon
1918
8 3a reg amall bondi.1918
8 Sa 00a small bondt.1918
8 4i reglitered
8 4a oonpon
6 5a registered
B 5a ooapon
Slia
•
6a... 1911
Tel 7i....'04
8 4ireKi8tered
8 4i ooapon
Aog'OO
80
lis" Not' 99
FORGN GOV. SBCCRI-nHB.
109
S3
99M lOOM
'01
Feb
atadiion 8q.
4i
Oiaflln
D
106
DB.
OUTSIDE SECURITIES
Par,
U
110
106
lOS
Sale
8.
6
84U
110
80^
US
105
106
•Ho prloe Friday; theie are latMt bid and aiked thU week,
MtUeellaneoue.
D
106
UB
L-mDkAlmp Si.
98
105
. .
4i.l948
90
Oot.'00
100
lit 8f K6i.'19 M-S * 98
ao
g.l915
tti
M-S
Mtglst
Am dpiriti
Am Thread lit ool tat 4i 1 91 J -J
Bar A 8 Car Co lit g 6i 1942 J-J
90
Oramero7 8ng litg 6i.. 1933 A-O
1910 J -J
PlStMl Co debSi
Non-cony deben Si... 1913 A-O
109M Sale
Int'l Paper Co lit con k 6i.' 18 F-A
Snlok loe (Chlo) 1 it g 6i. 1 928 A-O
•107
Nat StarohMfg Oolitgetl92i) M-N
Stan Rope AT Ittg6i.l946 F-A (47 Bale
8
1946
InoomegSi
BnrelCo lit i f g6il918 j-ji
8 LeathCo i f deb g ei.' 13 M-N
SerCenNJ
108^ 108M
IS
100
mnide&L,
tr g
106M Feb'Ol
98M
98yi
•••••• tttati
AmnotOll extea 4^i.l916 Q-F
Bz—Col
Wn
Low Biah
ffioK.
7
. .
Northweitem
68
D
D
U
U
MAN'F'O A INDUSTRIAL.
MISOBIiLANBOUB BON
69
Tear
l»00a
Bale
J-D
J-J
M-H
Mat UnTelira
100M108M
NoT'OO
107
DeBarC&ICogng6i.'10 F-A
damia
Cable Co lit g 4i. 2397
3397
aeKiitered
Bne r ATooltrgif 5i...l92e
Met T
litif g Si.. .1918
Un.
Mnt an Tel Co. See
N If A N J Tel gen g Si cy. '80
NoWeitnTeleg. S«eWeit.Dii.
Weit Union— Ool tr car 5».'38
Kd and real eat g 4^. 1950
AT
ni'-N
lit con 6i. 1917
lit gu g 6i..'22
i f
Station A
PropCo litg 4!^i 5-20 yT'17
con
g 61. .'33
B Tnba Wat Co
8p Val Wat Worki lit 61. '08
Vermont Mar lit i t Si.1910
TBL.B. A TBLBPH. BONDS.
Com
95^Jan.'97
May'97
80 May'97
J-B
J-D
J-D
A-OJ
J-J
J-D
lit g
rAOntLand
h Ter Capplei
D.
','.','.'.',
F-A
A-O
•.1928
if 5
Booh* Pit C*l pur
•an Ok Coal
106*'
M^N
Jan-'Ol
68M
J-J
M-N
M-N
J-J!
F-A
.
OolO*I DevCogag5i..l909 J-J
OOQponi
U I) Si. 990
Newpt News BAIitg6i.l910
St
107
.
Co /uel Co gen
Iron SteamboatCo6i...l901
Mad 8q Oard litg Si... 1919
Man Bch H A L Ken k 4i. 1 940
1
108^ 107
•
Batiifi
Last Sale.
A Ik Low.
84K Sik
Bid.
*
Hack Wat Reor lit g Si. 1928 J-J
Head B Co lit f g 6i... 1931 M-H
1910 M-N
Hoboken L A I g Si
91
Week'i
Bange or
1.
F-A
k'D WAWH litSitr otfi
rihloJoABtYdoolgSi.iyiS J-J
»eM \J Non-cum too Si ....1907 J -J
MAM id KT 3Ui S A.191 A-O
Det
111
108^111
429
6.
Price
Friday.
March, 1.
BONDS.
TVbbk Sndiho Mar.
.
..
Pa61
(6 pagea)
Low Bigh
96^ Deo'OO
108K 108
. ..
N. Y. STOCK EXCHANGE
1800.
.at
...
}»«
B«gtttered
PRICES
.
BklnFerryCo l«toong5i'48
KiiviOoBi I'iiPaa*---'^
i8H7 A-O
PnrohaM mon 6i
Bd Ml n BkD- 1 iMOD a 4i.' 80 J-J
1^
Bale.,
A$k. Low. High Ho.
Bid.
A-0
KOMo Gai Co lit k 5i.l9aa A-O
La$l
1.
1
....
,
THE CHRONICLE -BOND
2, 1901.]
PnrehiMe
S
.
Biooklyn Tr. 416
flatbosh .... 166
Franklin..... 880
Hamilton.... 870
Kings Co.... 414
LIii L ATr. 960
Manufaot'rs. 380
199
Naaaaa
360
People'a
WUUamsb'gk acs
•
•>aa
8S5
• * • i
f
886*
* Banka marked with an asterisk.!*) are Bt*t« banks.
ay
I Porohaser also
aaoTMdlnt. t Prloe per share » Saleat Stoek zak.or ataieUiothlava k
«
.
'
.
.
.
.
THE CHRONICLE.
430
[Vol. LXXII.
Boston, Philadelphia and Baltimore Stock Exchansres— A Daily and Yearly Record.
Sliarc Prices— Not
gaturday,
Monday,
Feb. 23.
Feb. 25.
2B4
855
160
•842
194
leu
Feb. 26.
ISl
128
4S
129^
....189
243
195
U6«
16)
195
242
•348
1941a 195
195
ISO
ISO
1.
„
Boston
1254% 858
256
•
167% 169
Chlo. Burl. & Qulnoy
Ohio. Juno. & On. Stock Yds.
ISO
Preferred
•eoM...,
43
43
91
90H
91
"Hh
•»6J4
206 S0« •308
806 •806 208
74« 74?i 74k 74Ji 74k
74 7-16
d
I
X
5
99
l>
90M
90K
29^
91
80
ei
30
295<
89
83
88
84
84
83k 83k
1%
1%
1S5M
186?g
120
121H
I8II9 162
325
324
n
o
m
8S8
850
81M
SSO
68
47
50^4
6«
61a
6Jt
18
•82
187
6i<
6%
7
13
13V4
93
137
84^
84!4
9812
187
80
4'K
59
15
41?i
93k
187
38
14><
196k
i«H
•S9!<
7aH
73
73
no lale ws
INACTIVE STOCKS
tiia.
69Jt
Oantral Mass,,
"
,
"
Pref
"
"
OOBnAPassam
Biyer...,
aa South&
1st pref
"
100
Sd pref
a'rmant'n Pass(PhU) 50
M&T
"
"
"
Pref
Inds Street
60
60
100
Ft8&M..(Bo8t)100
"
Pref
Little 8chuylk.( Phil)
100
60
Maine Central. (Boat) 100
MlnebUl&SH.iPhll) 50
60
Mesquehon'g V. "
"
60
MortiiPenn....
Pere Marqa'te.(Bost)100
" 100
Pref.
Phil Germ 4 N.(PhU) 60
SO
Phlla. Traction
140
170
t
••••«
300
45
.
97
71
149
971a
»
West Bnd
"
26
pref.(Bost) 60
It
• • •
60
461a
78
•
•«
-
9
140
58
168
61
•• ••
97
951a
•
«*ta
!••••-
••••t*
57
7«H 77
101
BysCoGenerall " ....
3N
United N J.... (PhU)lOO 280
DnPow& Trans
• •
eeei
8894 ••••1
111
113
WestJer4
8 8.(PhU) 60
50
WestNYAPa. "
Cent, new.(Bost)100
"
100
Pref
Wor Nash & B. " 100
WU
,,,,,,
Sk
jLmer.Cementl (Phil) ....
I. & S
(Bost)
Aroadlan
Arnold Mining. "
7
H
Oomln Coalpf.(Bost)100
DomIron&8.T " ....
81a
8394
1894
4
83
llH
liik
so
40
4
10894 iio
3096 3096
,
,
, .
.
"
10
Ule&o7ale1.,.(Bost) 26
UannfacBab-.tfaU) 60
"
Pref
60
Mary landBrew. Bait) 100
no
Pro»BrTO'<
(
'
•68
67
37k
ek
7k 7«
13
14%
8i<
m
124k lask
'
•58
•711a
61
721a
made
m
ivi
3,160
a 15
Bid.
5,646
844
10
25
50
6,107
Consolidated Gas....,
(Bait.) ....100
,
Dominion Coal
(Boston).... 100
,
Brie Telephone.
"
....100
Federal Steel
'"
....100
Lehigh Coal & NaTlgatlon.. (Phlla.) .... 50
Marsden Col
"
.,,,100
National Asphalt T
"
.... BO
Preferred!
"
,.., 50
,
New Btng. Cotton Yam, pref. (Boston) .,,,100
New England Telephone
"
....100
Old Dominion Copper T...,,,
"
.... 35
100
8,S90
2.494
6,650
65
2,146
1,203
1894
4
"
90
BOk
18
6094
.
& W M gen 5s.'31 J&D
19
178
7k
7
7%
64% sl^
{
91I9
i
81
60
117
jl08
100k
10194
92
83
61
pOl
109
9994
M
i
99
S C C& 8 1st 5s g.'25 A&O a08k
K C Ft S&G 1st 7».'08 J&D {115
K C F a&Mcon 6s.'28M&N {120
E:CM&Blst4s..'34
Income 5s.
MezCent
^A
4s g..l911 J&J
con Ino 3s g non-cam
nctr\ ^r\r.
^9
r\r\r\-ortrr\
.
{
81
86
144
5 3Se
A&O
Bntland 1st 8s. .'02 M&N
Torrtngton 1st 5s 1918...
181
9«94
84
68%
68J4
82
80k
Ifl
50
2
84%
95
28
33k Feb. 16
85k Feb. 16
Jan.
Jan.
Jan.
194 Feb.
k Jan.
13194 Jan.
117 Jan161 Jan.
300 Jan.
76 Jan.
830 Jan.
189^ Jan.
58 Jan.
83% Feb.
48 Jan.
41% Jan.
62% Jan.
6
Feb.
4% Jan.
Jan.
8k
90 Feb.
127% Jan.
28k Jaa.
Sk Jan.
133k Feb,
11% Jan,
40 Jan.
54 Jan.
aos
• 8 • • » S
i
296 Jan. 18
Jan. 16
2
14794 Jan.
121k Feb. 25
k
1
64k
331
87
S55
Ik
60%
40
99
56
67%
14
28
28
19
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
S
1»
s
s
7
11
7H Jan
8% Feb.
3
13
Feb. 18
Jan.
S
16
99
139
38
Jan. 30
Feb, 11
896 Feb. 13
128k Jan. a
16% Jan. 4.
2
Jan.
Feb, 16
66 Jan
72 k Feb, 21
iele<ram not received.
47
63
BONDS
As*.
Bid.
89
117
117
100
lai
NoBaltDlv 58.1942J&D
Conv'rtible58l906M&N icik
CentralBy 6S...1913 J&J
Con80l58....1933M&N 119k
Bxt & Imp 5S.1932M&S 117
Chas City By Ist 5s '23J&J 107%
ChasByG&B15s'99M&S 93
ChariC&A eit5s.l9lOJ&J 106%
8d78 1910
A&O 107
Clty&Sub l8t58.1922J&D 117
City&8nb(Wa8h)lst5B'48
88
Col&Grnv l8t5-6. 1 9 1 7 J &J 117
114
1910
J&D
Gonsol Gas 6s..
tr ctfs
•
BBoroGaslstSs.'SSM&B
• • e •
ChooOk&Ggen
89>9
119
look
58'19J&J
Clfs'8tRy(Ind)oon 5b.'33
Colum St Ry 1st con 58.'32
ConTracof NJlst58..'33
....
06%
109
110
118
90
»•
•
Ga &Aial8tpf5sl945A&0 1071a 108k
QaCar&NlstSsg. 1 939J&J 104% 106
Gi)0rgiaPl8t5-6s 1932J&J 126
GaSo&Fla l8t5s.l945J&J 113 114
KnozvTrao IstSs '28A&0 90
95
LakeBBl l8tRu5s'42M&S 117
49
Maryland Brewing 8s ...
49%
Met8t(WaBh)l8t5g'25FA 118%
New Orl Gas 1st 5s.. .Var
NewpN&OP l*t5s'38M&N 104 106%
Norfolk St Ist 5s '44. J&J 105
NorthCent 4%8. 1925 A&O 117
J&J 108k
6s 1904
.•ae
Series A 58 1936.... J&J 136
8
136
118
U7
PotomVal l8t5s.l941J&J 100
8eoAvTn(Pitts)5s'34J&D 118
Sav Fla& West Ss '34A&0 HO
Seaboard A L 48 1 950
78k 7812
101
lOik
Loan eertf 8 1902
,
110
11112
Scab & Boan 58.1926 J&J
, , .
109%
109k
i03k I089i
Bq
109
Blm&WUm 1st 88.'10 J&J
Income S8....2862 A&O
111
Gas-L Ist g 5s. 1928
Hestonv M & F con 58.'24 117
H& B Top con 58.'25 A *0 109k
By
1933
79
Sub B 1st 68..'20 J&D
Lehigh Nav 4k8. .'14 Q-J
113
Conjol6s
J&D
Annuity es
J&D
Nat Aspualt col 5s
New'k Con Gas 58*48 J&D
Newark Pass con 5s. 1930
NYPhll&Norlst4s '39J&J
Income 4s... 1039 M&N
18^
1^9
45
1U6
116
104
66
K
4s..
No Penn
M&N
1st 4s.. '36
GenM7s
1903J&J
Yar
Penn gen
68 r... 1910
Consol esc... 1905
Gonsol 5s r....l919
Penn & Md Steel con
Pa & N Y Can
80
•••»••
6s.
106%
J&D
A&O
A&O
iBtSs.'l?
M&iN
1939
People's Tr tr certs 48.'4d
PhCa Blec gold trust ctfs
Trust oertfa 48
Ph&Br gen M 5g.'20 A&O
Gen M 4s g.. 1920 A&O
Ph & Bead 2d 6s.'33 A&O
Consol M 78.. 191 IJ&L
117
108
lOd
90
'
(ae ••
•
8
eat
181
Terminal Ss g.l941 Q-t
186
125%
•
Bl l>t48'40,M&S
Income 48 1949.,, .J&D
yirg Mid Ist 6s.l90e M&S
969t
789^
97
Bead Co gen
7394
Rochester By con Ss. 1 9SU
SohBBSldelstSs g'35J&D
Scran Trao Ist 6s '32M&N
United N J 48..1944M&8
110
111
TInTracPltts gen6s'97 JA-i
Welsbaohsf 58 1930.J&D
116
J&J
1997 J&J
Collat trust 48.1921
interest.
•
_
871-2
lAnd
••
•••
108
110^
107 i-j
IO4I3
78
128
110% lliia
129
180
48,
•
91
Con M88g...l911 J&4.
Bxt Imp M48 g.'47 A&(
Con M of '82 48.'37 J&.
P WU & Bait 48.1917 A&<
•
136%
Var
Var
,1939
Cons 6s
Cons 4s
Penn Steel
78..'06
108
881^
II9I2 ISO
181
111
•••••
1914 Q-F 108
BB48g.
Gen M 4%8 g. .1934 Q-F
Leh VC'll8t58g.'33J&J 106J4
Lehyalezt48..1948J&D 120
1910 M&8 128k
2d 7s
UnBl L&Plst4%s'29M&N
110
••
6*3"
Bdlson Blec Ss stk tr ctfs
Blec& Peop'a Tr stk tr ctfs
1923
114%
>
io9k
Del & B Bk lst7s.'05 F&A
Bast&A 1st M 5s.'20 M&N 116%
Indianapolis
108%
1939J&D 118k il3k
113
96
96
0894
661-i
M&N 116
Ter 1st 5s. 1936 J&D a* ••
Berg&BBrewIst68'31J&J •••••
Balls
Cambria Iron 6s.l917J&J
Che8&DCanl8t5s.'16J&J
BaltCPa8lst5B.1911M&N Ill
i'la"
Bait Fundg 5s.l918 M&N 135
Bzchange Sk8.1930J&J 118k lis
Balt&Pl8t6sml 1911A&0 188k
M&S
M&S
M&S
2
Jon.
Atl City 1st 58g..'19
.
2d series 68. .1911
3d series 6s.. 1916
4th ser 3-4-5S.1921M&S
5th series 5s. 1926
Ya (Stat44) 38 new.'33J&J
Fund flehta-3».l9«l JAJ
11
11
4
Asphalt Co 6s
J
Atl Coast L ctfs 5s .J&D
Bait Beit 1st 5s.l990M&N
UnBy&
13
28
«1129< 113
105"
AtlG-Lightlst5Bl917J&D
Series B 5s 1926.... J&J
Pitt Un Trao 5».1997 J&J
S
7
18
84
21
80
25
12
{108
....
M&N (103
1914M&S }
1916 M&N no8
Bzt&Imp88.1901M&S
1
2^
West N C con 68.1914 J&J 117
We8tVac&Pl8t6g.'^lJ^^J 114% 11413
WU & Weld 58.. 1935 J&J 183
Bouda— Philadelphia
AlIeVyBeit78l910A&O 187 l«396
1
Ss. .'02
Ist 6s tunnel 1911..J&J
Bal Trao Ist 58.1939M&N
Jan
86
Baltimore—Conclu'd.
* • •
100
320
"io
mort 8s.. ..1905 J&J a09
5s
18.528
5,384
50
50
....
Macon«Nlst4ks'90M&S
i
|l08
lllO
|l06
|l07
103
Curr't Blv 1st 68.'27 A&O
lst48.'46 A&O "S«
Domln Coal lst6s.'13M&S ^110
•r&sfn ist
6s g.'06 M&S his
Fr BIk&M V 1st 6s '33 end |l37
Unst'p'd 1st 68.'3S A&O {137
lUln Steel oouv Ss.'lO J&J i
Debenture 5s.l913A&0
1st
Bonda— Baltimore.
Ss
& Pot
& Ch let 78.1907 J&J
67
J&J
BosUnGaslst5s.'39J&J
1939 J&J
2d M5s
Bur& Mo Blv ei'pt 6s. J 4J
Non-ezempt 6s. '18 J&J
Sink fund 4s. 1910 J&J
Ch Bur 4 y 4s. 1932 F&A
lowaDlv 4S.1919 A&O
Chicago Juno 5S.1915 J&J
Oh & No M gn6s.'31 M&N
1907
6s
Atl
34% 84k
50
Westm rel Coal
Winona Mlnlng(Bost) 85
35
Wolverine Mln. "
1,935
Bid. ASfe.
iBt 5S..1937
Jan.
Jan.
Jan.
Jan.
148k Jan.
158k Feb.
130 Jan.
439^ Feb.
4«, Jan.
148 Feb.
35 Jan.
28% Feb.
80% Feb.
18% Feb.
91 Jan,
88 Jan.
170%
245
196
80
Bid and asked prices- Baston
Anaoostla
8
USPHorseCol.(PhU) 1
Utah Mining.. (Bost)4-85
Warwick I & 8. (PhU) 10
89
1,101
(Boston).... 25
(PhUa.) ....100
(Boston) .... 50
"
«
*k NY&NBngl8t7s.'05J&J
91
70
85
4B
7%
. . .
NewBng Tele 6s.' 16 A&O
6
Tidewater St... (PhU) 10
37% 28*
Torrlngton"A"(Bosl) 25
"
87% 38
Pref
25
35
UnCopL&M'g "
8k S%
UnKlL&Powpf (Bait) 60 35
12713
United Fruit (Bost) .100 127
81
38
25
Un Shoe Mach.. "
asH 24k
"
Pref
25
"
18
13 ^1
25
Mining....
US
Adjustment g 4s.. 1995
Boston Term'13k»..1947
NBGas&C
West Bnd St
4k8
Deb 4s
174
& Mfg
"
1..
Boaton— Concluded.
NewBng cnngen58'46J&J
N B Cot Yam Ss 1929F& A
8u8qneI&S?..(PhU) 6 "ak
Tamarack Mln.(Bost) 25 883 384
KU
910%
BONDS
Ask.
1
25
Palmetto Co.... (PhU) 25
ParTott8il&Cop(Bost) 10
PennBlecVeh.(PhU) 60
"
Pref
50
60
Pennsyl Salt... "
"
Pennsyl SteelT.
..
"
100
PrefT
Phlla Co
"
60
PlantersCompT(Bost) 100
"
25
yulnoy Mining.
85
Bhode Isl Min.. "
6
Santa Ysabel G "
1st
Steel,
Westlngh. Bleotrlo
Preferred
b 14 15-16 15k
294
Am
8
....
....
"
....
paid. ..(Phlla.) ....
.
163
(ersranthalar ., (Bost) 100
"
IC
'"rTeleotaone
NewBngGs&G 1 " ...
NewHav I& S.(PhU) 5
No
G Dred« (Bost) 10
26
Old Col Mining. "
410
25
"
"
"
WelsbaohCo
IB 11-18
3-1
"
....100
....100
United States Oil
42
M&8 { 99
5».'29
a
A&O {ib6k
8M K C& M By&B
KC8tJo&CB7s.'07J&J {118
IIM
48
41
L Bock&F S 1st 7s.'05 J&J {106
Mar H & Ont 6s...'25 A&O ills
5
American Alkali
(Phlla.).... 50
Preferred, $10 paid
"
.,,. 50
American Sugar Betlnlngl. (Boston).... 100
"
"
.
6 paid.. (Phlla.)
68%
7ak
•571a
•7 Ik
Osceola Mining.
810
236
16
,
10,075
..,.100
....100
T.
m PhtladelphU Blecl
124% 124k Cmted Gas Improvement
6k
DG B& W
1
60
aOk
dlsonBl ill... (Bost) 100 245 860
UeoOoof Aml.(Phll) 50
81a
Franklin Mln'g.(Bost) 2S
a4k 26
"
100
212%
Bleot.
3l3k
•eneral
"
100 186
Pref
8
Ind-Bgyp Com(Bost).100
IntBntH&SM
16
Chi
Kastou Con Bl. (PhU)
IntSP&Dynam(PhU) 60
50
AT&8Fgeng48.'96A&0 fioik
BalUo Mining..
411a 48
(PhU) ..
18
BethBtsel
Boston ]tineoLt.(Bost)100 820 286
46%
Cambria Iron.. (Phil) 60
(Bait) 100
98
100
Canton Co
86
Oenten Mining. (Bost) 25
26k
"
25
Central OU
Con. Lake Bnp. (PhU) 60
"
Pref
60
6
Danv.Bessemer "
10
DeLong
&H "
"
10
Dlam State St
137
149
«M
7k
Am BeU Tel 4s. .1908
4
. .
"
"
66
6k
12191 13S9i
,
Calumet & Heola
12^ 12
13k
93k
187
135k ISSk n35 187
37% 38
37k 135% 86
8^.
Ry & Bleo. Co
(Bait.) .,,, 50
West Hnd Street.
(Boston).... 50
nilBcellaneoas Stooka.
Amalgamated Ooppert
(Boston).... 100
Bonda— Boaton.
MISCBLLANHOUS.
Atlantic Mln'g.
58
44
6k
6k
7
Union Traction, $17k paid. (Phlla.).... 50
United
I7k Cambria
59% 69k
60
44
66
6k
17%
"
9
AUones Mlnlng(Bost) 85
Amer.
86k
8691
860
1855
MISCBLL.—Concluded
100 ,...«• 20%
64
100
100
100 276 880
"
50
Fla,(Balt)100
"
100
17«
Preferred....
355
Jan.
Jan.
Jan.
13 305 Jan.
2 208k Jan. 21
3,257 71k Jan, 21 7594 Jan.
5
16,697 12% Jan. 4 18% Jan. 7
4,470 32 8-16Jan.25 3894 Feb. 7
8,066 19 Jan.
4 2318- 1 6 Jan. 7
6.170
149^ Feb. 18
9H Jan.
2,700 249i Jan.
31k Feb. 16
1,714 78% Jan,
979^ Feb. 7
684 82 Jan.
90k Feb. 7
1,675 83% Feb
37 Jun.
2
l,39d « 16% Feb. 86 17% Jan.
7
198 9294 Jan. 8 96 Feb, SS
(Bait.) ...,100
"
.,..100
(Boston).... 100
"
....100
,
186k 87k Butte&Boston
STOCKS BONDS
OonsolTrPittsKPhU) 60
Prefl,..
6k
17k
St preferred
Preferredt
isek Amer. Telephone & Tel. Co..
332
Boston & Montana
1159
1330
1.
a4k
Amer.Ballwa;s(PhU) 50
A ChaTlotte(Balt) 100
Bos*Mainepf.(Bost)10C
100
Boston & Prov, "
•k
6k
12
92
137
IBS
881
87
856
1
3d preferred
Seaboard Air Line
Preferred
Dnlon Paoiao
Preferred!
194
181%
155
898
8t
850
8S5
IM
154
Reading Company
Highest
....100
(Boiton)...,100
(Phila.).... 60
"
.... 50
"
.... 50
"
.... 50
Amer. Agrloul. Chemical
143
Ask.
BAILBOADS.— Prices Mar.
jkU
1«
30
84
939
§93
84
*4l
69
•mdarti
84
163
338
38
6%
186^ 186
185
166
855
85'5
95
89k 29«
17
17M IV^ 17
68% 69H
•59k 60
86
36
3«k
36k
60
81
49K 58
44% 46ii 44% 45>a
67
een
5«94
85J4
35
55
98
83« 84
83
"
Preferred
Old Colony
Lowest.
6,703 ISSkFeb.
30 143% Jan.
15 126 Jan.
37% Jan.
386 45 Feb.
81 139 Jan.
14,174 28% Jan.
8,835 24
Jan.
1,180 77% Jan.
406 18k Jan.
41 88% Jan.
100 79 Jan.
(Bait.) ,,,. 60
(Phlla.) ..,.100
11-16 74 3 16 749^ Pennsylvania
13S« 142
139
180k 121k 121
325k 338
325
17X 17%
•59H
1«
13554 136
120 laoii
161« 1«2V(
81« 82
93
30
91
Northern Central
Northern Paoiflo
809k
15 1-16 ^6^
15 1-16 15<4
b
14% 18%
S5H 85^ 35Vi 35 S-ie 35 5-16 7-16 36 1-16 35k 84 15-16 6^
9-16
7-16
20^ 801a 20 9-16 20 1-18 20k
8CH 11^-16 80
ia« 13% 12H 18Ji
12M 13
18k 13k
89
89^ 29
29k 89%
29H 2914 29
8uia 80M
87
88^ S»H »7H 8814 87
83
84H 8Sh 64
84K 83>a 84
83k
St
83k 33X 33k 83k •3394 34
33H 33% 34
1«
16
18
16
16
16
15% 16
94
95
95
95
95
96
i36
95
9494 95
o
a
o
o
CD
"
91
43^ 43M
45^ 49H
Range of Sales in 1901.
322 251
45 159%
s 341
78 19i
...,100
....100
....100
....100
....100
....100
83
74
t^
"
"
"
"
"
full paid..
83
206
n
Railroad Stoeka.
4 Albany
(Botton)....100
Boston* Maine
144%
•129**
Indicates unlisted.
BostonHlevated,
Boston & Lowell
1343
1195
105
144>il4lM
IBOJt
...
•
March
IT
n%
as
86
80
80
KG
169
Friday,
of the
Week.
Shares
levi
45ig
142H 143
Hestonv
169
169
242
Sales
ACTIVE STOCKS.
42M "4254 •48% 4294 Chootaw Oklahoma & Gulf.. (Phlla.1.... 50
"
45k 45k 45k 45k 4ik 45k Preferred
.... 50
14li(l<
•142
i4'i94
143
143 1143
143
Fltchburg, pref
1429i
(Boiton)....100
32% S3
32% S^% LehlKh Valley
32% 83?i 33% 33
(Phlla.) .... 50
2SM 26M 26H 26J< 2694 96% IBHk 26% Massaohuietts Hleot. Cot.t.(Bo8ton)....100
80
SOii 80M
80k 80 k 80k §80
80k Preferred T
....100
•17
Mexican Central.
16M 171a 17% 17%
17J6
....100
43>4
481a
Oonn
Wednesday Thursday,
Feb. 28.
Feb, 27
254M S54M 2541a 2541a 854
'
194"
'44H
o
Tuesday,
Per Oentnin Prices.
lOBk
.:;.':
•
••I
saiti
••••
•
*
•
•••
76k 78
•1 5
pall,
•Price inolndea orerdne coapo us.
J
March
.
THE CHRONICLE.
2, 1901.
43i
\nvzstmtnt' attd l^^ailroad %nUllxQzncz.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
The first two columns of figures give the gross earnings for the latest week or month, and the last two
Oftn be obtained.
oolumns the earnings for the period from July 1 to and including such latest week or month.
The returns of the street railways are brought toaether separately on a subsequent page.
have changed our yearly totals so as to make them date from July 1 instead of from Jan. 1.
IVoticc Change
—We
Latest fhrott
BO ADS.
Tear.
December.
3d wk Ft b.
January ..
as Pao.Jon 0.
IthwteJan;
Ala. Gt. South.
Ala. Midland...
.
Ala.N.
Current Previoui
Week or Mo
AdlrondaoK
O.&Tex
Bamingt.
16,390
43,694
99,337
Tear.
16,286
39,316
93.188
July
1 to Latett
Current
PrevUmi
T'ar.
Tear.
S
100,165
1.429,674
628,278
LtUeet
Date
Qron Earnings.
Roads.
WeeHorMol
^"^r'
9
S
Los Ang. Term. January
Lou. H.<te St. L.. [January
110,921
1,404,510
560,891
I
Jaly
1 to Latett
"V^ XT'
|
9
"^^^
i
S
•
13.087
54.284
592,330
..
.
ANashv. 3d wk Feb.
Maoon & Blrm.. January ..
January ..
ManlBtlqne
Louis.
DaU
7,816
99,664
73,255
52,476
393,526
376,147
542,765 18.692,328 18,151,142
ll,5.i5
6,069
66,902
45,119
7,380
8,121
45.914
49.089
349.687
349,466 10,731.694 10,742,483
493.670
354,672 2.232,119 1,S:83,299
140,466
145,090 4,719,381 4,644,056
49,367
37,183
292.302
V;87,342
81,800
85,300 2.617,000 2,708,010
15,925
15,299
464,102
437,563
68,796
47,344 2,107.542 1,877,647
81,352 2.830,870 3,336.162
78,685
302,268 230,496 10,220,632 8,831.920
605,000 532.000 21,171.940 19,448.614
19.000
19,U00
880,739
876,491
624,000 551,000 22,052,679 20,328,108
2,569
2,201
90.174
68,846
e599,600 e542.941 e3,7l8,300 e 3,681,993
130,751
103,361
692,151
629,008
a706,109 a634,056 a4,560.38 a4,225.038
3,722
1,936
19,869
16,913
4,358,571 4.250,319 33,644,424 32,093,499
483.020
391,985 3,034,lu2 3,070,399
263,674 226,246 1,425,804 1.644.384
298,135 265,632 10,183,667 8,890,005
684,436 687,2 i6 4.729,990 4,742,490
537,996 493,612 21,472.278 20,229.578
24.830
21,005
984,994
867,163
389,615 419.882 2,818,101 2,837,582
260,580 350,790 1,645,830 2,016,035
7,466.171 6,424,271 52,220,772 46,198,072
63,944
56.351
344,145
338,729
136.037 140,031 5,478,896 4,876.689
516,283 418,274 3,190.1^6 3,176,896
884,140 863,240 6.819,078 6,506,678
26,753
20,101 1,589,407 1,359,529
1,656,500 1.648.137 11,268,713 11,636.299
21,166
18,293
70,297
72.188
214,463
182,629
758,249
699,635
109,706
98,441
414,668
367,991
38,140
40,529
205,262
167,623
61,639,
57,533 2,427,492 2,301,318
67,000
80,000 1,155,135 1,089.497
559.550
35,000
37,000
529,609 jMexlcan Cent. 3d wk Feb.
511,542
31.&00
448. >21
35,000
Mexloanlnter'l. November.
Vlok8.8h.&P. 4th wk Janl
29,686
31,878 1,121,919 1,113,468 IMex. National 3d wk Feb.
3d wkFeb.|
Ann Arbor
32.457
5,778
5,530
37,748 Mex. Northern. November.
An.Was.ABal.. December.
61,230
16,647
16,408
59,99Z JMexlcan Ry . . Wk Feb. 9.
Ark. Midland... November.
1 stwk Fe.b.
4,416,836 3,721,254 31,363,452 27,534,736 Mexican So
Atch.T.&S.Fe. lanuary
959,177
830,485 Mlnne'p. (feSt.L 3d wkFeb.
Atlanta&Char. October... 278.886 255,396
ij7.00l
32,103
282,458
252 327 M.St.P.&S.St.M 3d WkFeb.
Atl.Knox.&No. January ..
381,124
72,036
67,903
381,909 Mo.Kan.&Tex. 3d wkFeb.
Atlanta* W. P.. December.
133,220
23,831
17,892
102.829 Mo.Pao.AIr'nM iid wkFeb.
At.Vali'etaAW January ..
144,167
33.836
14,565
93,224
Central Br' oh. 3d wk Feb.
AuBtln AN'west December.
3d WkFeb.
7,646
7,274
Total
Balt.&An. 8. L. December.
11,427
10,966
79,485
82,848 Mob.Jao.AK.C. Wk Feb.23
Bait. & Lehlgb. December.
January.
Ohio..
3.995,159 3.550,011 27,551,535 24,729,164 Mobile &
Mont.AMex.G'f December.
706.545
82,€02
609,737 Na8h.Ch.A8t.L.|January ..
Bang'r&Aro's'h December. 110,458
27,633
3.681
28,284 Nevada Central January ..
3,808
B»th&Ham'ndp December.
23,951
3,971
4.622
25,710 N. Y.C. AH. R.. January ..
Bellefonte Oen. January .
vs,644
21.937
2,564
22,058 N.Y.Ont. AW.. January ..
BrldgtonA 8.R. December.
407,720
63,358
89,116
418.976 N.Y.Susq. AW. [January ..
SrunBw'k&W'st January ..
116,267
96,564 3,690,70ti 2.9.53,515 Norfolk & West. 3d wk Feb.
Biiff.R'oh.&Pltt 3(1 wkFeb.
435.245
59,9 i»9
62,617
501.925 North'n Centra) January ..
Buffalo & 8u8a. January ..
9.">,590
81,189 3.221,916 3.284,778 Northe'n Pao.d. 2d wk Feb.
B»r.C.Rap.&«. 2d wkFeb.
id wk Feb.
Canadian Pac.. 3d wkFeb. 499,OUO 476,000 19,762,058 20,156,748 Ohio River
Oent.oIGeorgia 3d wkFeb. 161,545 134,105 4,793.592 4.134,448 Pac. Coast Co... it)fcember.
iDecember.
432,411
62,976
53,918
445,974 PaollloMall
Central N. E.... January ..
PenneylvanlaV January ..
Central of N. J. January .. 1.406,018 1,303,419
Central Paolfle. December. 1,475,018 1,331,805 10,408,983 10,199,725 Penn & No' w'n. December.
1,752
12,347
2,162
12,264 PereMarquette!3d wkFeb.
Cent. Pa. & W.. December.
December.
403.038
7.5,736
74,438
343.683 Phlla. A Erlie.
CharleBt'n&Sav January ..
64,680
1,843
1,557
63,513 Phil. WUm. AB. January ..
Chattan'ga So.. 3d wk Feb.
3d wk Feb. 295,423 222,197 9,997,219 8.636,138 Pltts.Bes.AL.E. 3d WkFeb.
CheB. & Onlo..
766,488 711,241 4,738,690 3,;»67,665 Pltts.C.O.ASt.L|January ..
Chlo. & Alt.Ry. December.
Chic. Bur. &Q.. December. 4,110,375 3,772,933 26.465,417 25.511,678 Pitt. Ch.&Y'ny.iOctober...
WkFeb
115,676 109,529 3,702,680 3,476,180 Pitts. A West'n.. October
Chlo.&East.Ill. 3d
133.403 129,771 4.515,376 4,397,037
Pltts.Cl. ATol. October
Chlo. Qt. WeBt'u 3d wb Feb.
68,457
73,371 2.627,701 2.690,209
Pitts. Pa. A F. October .
Chlo.Ind.&L... 3d wkFeb.
796,472 744,991 27,973,819 27.905.068
Total system .id wk Feb.
Ohlo.Mil.&St.P. .3d wk Feb.
Ohio.* N'thw'n. January .. 3,160.795 2,991,824 25,683,282 25.929,550 Plant System—,
113,507 139,18a
822,968
877,034
Ala. Midland. [January ..
99,337,
93,188
628,278
560,891
Ohlo.Peo.&8t.L. January...
63,358
407,720
Bruns. & W'n January ..
59,116
418,976
Ohio.R'kl. &P. December. 2,194,951 1,864,388 14,307.476 13,017,768
78,736;
74,438
403,038
Chas. A Sav.. January ..
343,683
Chlo.St.P.M.&O January .. 773,396 791,325 6,613,675 6,684,275
790,863
26,595
904,417
473,8791 406,672; 2,905,188 2,468,684
23,201
Sav.Fla. AW. January ..
Chlo.Ter.Tr.RR 3d wkFeb.
Sil.S. Oo.AQ. January ..
15,081
20,174
118,280;
188,848
Ohoo.Ok.&Guli January .. *853.453 *195,267 2,558,063 1,377,376
92,610
97,131 3,156,614 3,303,770 Reading Co.—
01n.N.O.<kT.P. 3d wkFeb.
28,004
243,722
215.266
Phil. A Read. January .. 2,490,817 2,297,044 16,467,418 16,038.821
28,365
Cln.Ports.&Vlr January ..
Coal Alr.Oo.. January .. 2,826,354 2,225,162 16,748,751 18,882,098
01.C.Ch.&St.L. 3d WkFeb. 318,977 307,345 11.545,991 10,899,935
50,158
Tot.both Co's. January .. 5,317,171 4,522,206 33.216,169 34,920.916
49,308 1,574,571 1,511,985
Pec. & East'n. 3d wk Feb.
90,622
479.962
35,685
38,168 1,263,688 1,278,987 Bloh.Fr'ksbAP, December.
80,671
448.901
01.1i0r.& Wheel 3d wkFeb.
43,563
41,119
317,983
273,487
Colorado & 80.. December. 387,906 372,859 2,466,322 2,217.378 Rio Grande Jot. December.
82,799 Rio Grande So.. 3d wk Feb.
16,120
86,936
17,335
9,196
9,936
365,674
345,040
Col.New.&Lau. December.
642,176 Rio Or' de West. 3d wkFeb.
20,300
671,198
74,000
84,000 3,089,178 2,863,852
20,984
Col.Sand'y&H. 3d wkFeb.
18,034
123,860
145.783 St. Job. a Gr. I. January ..
817,675'
23,220
108,034
93,217
884.519
Cornwall <feLeb. December.
January
December.
110,912
549,460
101.183
585,471
8t.L.Ken'etASo
..
11.170
78,676
8,500
65.331
Oumb'l'd Valley
3d
wk
Feb.
6,621.654
Decemoer.
188,600
7.465,060
N.
168.100
St.
L.
A
Ark.
7,032
5,778
48,387
40,506
Denv.&RloGr..
December.
wk
212,550
1,201,789
3d
Feb
210,173
1,235,449
St.L.A8anFran.
194,746
160,764
6.603,914
5,261,229
Denver&So'w'n
356,620 St.L. Southwest 3d wk Feb.
59,042
410,961
144,26b
52,761
102,696 4,991,777 4,058,959
Det.&Maoklnac December.
90,888
160,610
152,297 1,166,367 1,170,216
79,080 2,594,369 2,741,929 St.L.Van.AT.H January ..
Dul. & I. Range. December.
38,990
89,774 1,548.378 1,622.301 San. Ant. A A. P. December.
268.999 184,499 1,475,225 1,290,792
Duluth8.8.&Atl!2d WkFeb.
91,460 SanFran.AN.P. January ..
13,500
88,380
62,943
60,039
631,539
593,261
13,389
E. 8t.L. AOar.. January ..
162.386 178,626 1,116,036 1,110,097 e.FePres.APh. 2d wkFeb.
20,531
576,314
621,458
13,249
Elgin Jol.&East January ..
January .. 8,189,894 2,928,709 22,523.833 23,282,528 Sav.Fla. AWest. January .. 4/3,879 405.672 2,905,188 2,468,584
Bne
241.458 Sher.Shrev.ASo 3d wkFeb.
525,056
5,354
216,545
6,902
286,831
6,103
17,917
Ev'nB.&Ind|pll8 3d wkFeb.
948,362 8U. Sprs. O. A G. January ..
118,280^
27,763
937,567
15,081
20,174
158,848
Evansv.&T^fl. 3d wkFeb.
26,536
68,895 So. C.& Ga.Ext. January ..
8.465
59,744
21,811
166,142!
141,094
23,819
Plnd.Ft.W.&W. December.
8,425
885,457 Southern Ind.. January ..
34,837
PkW.ADen.C.. December. 182,131 150,434 1,078,695
302.392 So. Miss. A Ark. January ..
118.994
438,095
10,480
86.448
10,567
15,186
FtW.&RloQr.. 3d wkFeb.
6,086
7.079
7.371 So.PaolfloCo.ft. January .. 6.212.708 8,341,905 45,393,166 41.466,525
1,296
1,785
GadB. &Att.U.. November.
933,153
Cent. Paolttc. December. 1,475,018 1.331,805 10,408,983 10.199.785
177,810 149,634 1.118,450
Georgia RR.. .. January ..
Gal.Har. AS. A| December.
721,462
695.183
108,429 109,288
604,430 520,332 3,325,113 3,206,864
CJeo. So. & Fla.. January ..
December.
180,267
Louls'a. West. December.
829,991
679,402
35.598
191.634
168,487
127,584
aUaVal.G.i&N.
30,798
wk
Feb.
3d
520,141 501 078 16,441.694 16,391,432
Morgan'sLAT December. 829,633 760,011 4.078.612 8,816,794
Or. Tr'nk Syst.
4thwk
Jan
N.Y.T.
December.
146.501
168,047
Tr.
&
W'n.
88,869
A
Mex.
26,694
24,498
Gr.
125,354
Tex. & N. Orl.. December.
168,90J 1,286,701
909,548
646,262
Det.G.H.<ScM. 4thwk Jan
21,944
650,881
248.488
21,528
So.Pac. of Cal. December. 1,569,507 1,418,276 9,402,866 9,079,360
OreatNorth'n—
So.P'o.of Aril. December.
426,821
gt.P. M. &M., January .. 1,549,423 1,597,860 13,957,277 14,720,191
363,536| 1,953,639 l,b03,116
So.Pac.of N.M December.
983,525
EaBtof Minn. January .. 203,212 173,822 2.477,766 2.262.835
226,692 181,963' 1,049.220
MontanaOent January .. 175,314 213,611 1,253,174 1.343.087 Southern Ry,... 3d wkFeb. 688,415 636,696 22,032,934 20,576,595
Tot. system. January .. 1,927,949 1.984,993 17.()88.217 18.326.083
St. Louis Dlv.!3d WkFeb.
32,843 1,321,670 1.253.214
42,623
81,293 3,062,354 2,748.312 TerreH. A Ind.. [January ..
988.004
82,093
950,960
Hooking Valley 3d wk Feb.
124,029
138,915,
41.657'
298,725
HoaB.ATex.Cen December. 829,041 878.327 2.799,571 2,293,275 TerreH.APeor. January ..
825,656
44.269
270,166
IlllnoiB Central. January .. 3,064,711 2.912,379 21,521,411 19,293,343 Texas Central. 2d wk Feb.
468,077
10.409
8.150
Illinois SoutU'n December.
TexasA Paolttc. 3d wkFeb. 22S.342 171,812 7.299,751 5,836,608
59,985
8,550
294,284 Tex.S.V.A N.W.January ..
321.440
70,098
Ind.Dec. &WeBt November.
S8.600
63,783
81.724
10.280
12,000
624.648
532,393 Tol.AOhloCent. 3d wkFeb.
Isd. m.AIowa. December.
114,056
94,935
44.217 1,633.666 1.474,935
42,412
wk
Feb.
713,954
I».*Gt.N'rth'n '2d
85.631 3.082.961 2,962,713 Tol.P.A West... 3d wkFeb.
765,522
82,784
21.781
22,751
Unteroo. (Mex.) Wk Fob. 9.
82,800
90,410 2.357,500 2.430,780 Tol. St. L. & W. 3d WkFeb.
52.170
34,160
3d
wkFeb.
Central...
1,879,372
Union
Iowa
Pac. RR..
53,765
44,062 1,543,562
43.601
Iron B;^way. January ..
31,224
Oreg.KR.AN. ? January.
4,741
6,794
jo„narv 8,207,612 2,919,292| 26,669,003 23,905,662
470.782
Kanaw'a&Mloh 3d wk Feb.
585.769
13.178
Oreg.8h.Llne.
17,458
J
K.O.F.So'tt&M. IstwkFeb. 115,335
96,837 4,015,022 8.538,285 Wabash
3d wkFeb. 326,303 303,573 11.570,151 10,874,986
K.G.Mem.&Bir. Istwk Feb.
36,117 1,210.427 1,031,421 W.J'rBeyASea'e January ..
42,603
185,110 179.810 2,274.416 2,069,716
.54,501
243,119 W.V.Cen.APltt. Septem'er.
286,536
Kan. C. N. W... January ..
244.183
35,512
86,611
35,455
95.328
375,363
416,480
Kan. City Sou.. December. 427,844 361,574 2,274,861 2,064.473 Western of Ala.. December.
80.183
67.889^
261.987 Wheel. A L. E. » o^ .,„w B-^K
K. O. Sub. Belt. 2d wkDeo.
265,690
9,449
10,673
63,077^ 1,934,948 1.710,029
83.164
liChlgh dc Hud. January ..
290,963
Clev.C.&Sol^d WkFeb.
41.914
259,863
88,814
LehlghVal.RR. January .. 2,204,642 2,202,548
Wisconsin Cent; 3d wkFeb.
88,223 3,409,513 8.667.129
91,000
89.900
89,828
lieh. V.Coal Co. January .. 1,915,178 1.672.232
16,157
Wrlghtsv.&T'n. December.
15,829
L.«kW.-B. Coal. October... «471.018 elll9349
TazooAMlss. V. January .. 880,558 800,652 3,737.880 3.488.102
47,137
49,328
Lex'gton& East January ..
167,642 YorkSouthem.. December.
205,575
25,881
7,314
29,386
7,116j
Long IslandRR. December.
2,658.480' 2.600.687
N.O.&N.E...
4tUwk Janl
Ala. &Vlck8b.
.
.
I
1
'
. .
. .
.
.
I
. .
.
.
I
.
i
:
.
I
I
.
. .
.
I
I
I
Figures tor January are for the raUroad only, t Mexican onrrenoy. ( Covers results of lines dlreotly operated east of Plttet>arg.
Includes Chesapeake A Ohio So'western. Ohio Valley and Chicago and Texas for both years.
a Inoludes Paduoah A Memphis Division from July 1 In both years.
ft Does not Include the Austin A Northwestern, the San Antonio A Aransas Pass or Houston St Texas Central aystem
• Results on Montgomery Division are Inolnded in both years.
d Includes St. Paul A Duluth from July 1, 1900.
e Anthracite ooal miners strike this year.
*
t
).
)
1
THE CHRONICLR
432
Totals for Fiscal Tear.
[Vol. Lxxri.
3d week of February.
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
still have their own fiscal years, i^ These with their dates are
1901.
9
heeling
<b Lake Erie.
Olevel'd Canton <b So
viBconsln Central
Total (56 roads)
Net Increase 19 80
52,164
Increase.
$
Decrease.
9
91.000
53.077
88,223
8,395,262
7,645,958
s
...
1900,
f
913
2,777
790.500
749,304
p.o.)..
41,196
brought together in the following.
Latest Gross Earnings.
Roads.
Period.
Current
Previovu
Tear.
Tear.
For the second week of February our
2d week
Atlanta & Cbirlottt* Atr Line.
BnrllnRton Cedar Rsp. & No.
Central of New Jersey
Ohloago <fe North-WeBtem....
Cbioapo Rock Island & Pac.
Chic. 8t. P. Minn. & Omaha..
Choctaw Oklanoina & Gulf..
Cumberland Valley
Dnluth South 8ho. & Atlantic
East St Louis & Carondelet.
Apr. 1 to Oct
Jan. 1 to Feb.
Jan. 1 to Jan.
June I to Jan.
Apr. 1 to Dec.
Jan. 1 to Jan.
Nov. 1 to Jan,
Jan- 1 to Dec.
Jan. 1 to Feb,
Jan, l to Jan.
Jan. 1 to Dec,
Ft. Worth & Denver City
Gila Valley Globe & Xorth'n. Jan. 1 to Dec,
International & Qt. North'n Jan. 1 to Feb,
Dec, 1 to Jan,
Lehigh Valley
Dec. 1 to Jan.
Lehlffh Valley Coal
Manistlque
jJan. 1 to Jan.
Mexican Central
Jan. 1 to Feb,
Mexican International
Jan. 1 to Nov.
Mexican Xational
Jan. 1 to Feb,
Mexican Railway
Jan. 1 to Feb.
Mexican Southern
Apr, 1 to FebMlsgouri Pacific
Jan. 1 to Feb,
Central Branch
iJan. i to Feb.
Total
Jan, 1 to Feb.
Monterey & Mexican Gulf
ijan. 1 to Dec.
Ijan. 1 to Jan.
Northern Central
Ohio River
Jan. 1 to Feb,
Paoitto Mall
May 1 to Dec,
Jan, 1 to Jan.
Pennsylvania
Pennsylvania & Northwes'n. Jan. 1 to Deo.
Pere Marquette
Jan. 1 to Feb,
Philadelphia <fe Erie
Jan, 1 to Dec.
Phlla Wilm'g'n <fe Baltimore. Nov, 1 to Jan.
Pitts. Clncln. Chic. & St. L... Jan, 1 to Jan.
Pitts. Bes-semer & Lake Erie, Jan. 1 to Feb.
You'gh'y, .. Jan. 1 to Dec.
Pitts. Charters
Rio Grande Junction
.iDec. 1 to Dec,
St. L. Vandalia & Terre H,,.. Nov. 1 to Jan
South. Missouri & Arkansas.. Jan. 1 to Jan.
Terre Haute <fe Indianapolis.. Nov, 1 to Jan,
Terre Haute & j-eorla.
Nov. 1 to Jan.
Texas <fe Pacific
Jan, 1 to Feb.
West Jersey & Seashore
Jan. 1 to Jan,
RR
31
14
31
31
31
3)
31
31
14
'
1,472,515 1,329,669
611,331]
523,515
1,406,01» 1,303,419
29.321.454 20,564,851
19,864.753 17,914,588
773.396,
791,325
677,775
1,185,3361
1,052.378
960,283
229,690
•.^50,645
13.389
1,P07,090 1,610,853
396.393
384.441
31
14
573,970
514,592
31 4411.0821 4.289,94^
31 3,940,464 3,498,299
31
8,121
7,380|
21
2,487,791 2,509,852
4,159.091
30 4,904.145
21
1,021,42^ 1,031,472
£09,3CO
516,«00
9
69S>,237
641.225
7
21
4,43?,940l 3,922,959
21
149,618
153.921
21 4,588.S58 4,076,880
31 1,389,854 1, 65,38f>
6S7, 36
31
684,436
1 63,045
21
169,222
31
2,224,281 2,575, 3H8
31 7,466,171; 6,424,271
670,240
81
701,577
943,867
21 1,C4H,790,
31
5.824.635 5,348,< 38
31 2,845,202 2.774.402
81
31
13,.500
final
of
February.
1901.
S
Prerlously rep'd(55 r'ds)
Burl. Ced. Rao, & North
Chattanooga Southern..
Jlev Oln. Chic. <ft St, L.
7,706.125
95,590
1.384
808,074
50,323
1
Peoria & Eastern
Northern Paolflo. --.
3anta Fe Pres, & Phcenlx,
Texas Central
f'Ual (62 roads)
ifet increase (6
52
537.996
..
1900.
3«
7,227.166
81.189
1,971
307,34
49,308
493.612
8,189,272
685,664
633,878
Ann Arbor................
Buflalo Roch, A PlttBb'g
Canadian Paolflo
Central of Georfrt a
Chattanooga Soathem ..
Ohesanoake & Ohio...
Ohloago & East, IlllnolB.
OtUc. Great Western.....
Chlclndlan'lls & Loulsv
Ohloago Mllw, 4 St, Pan
Ohio. Term. Transfer ..
Cln, N. O. & Texas Pao..
Clev, Cln, Ohio, <& St, L..
Peoria
& Eastern
Olev. Lorain
<s
Wheel'g.
Sandusky <fe Hook'g.
Denver & Rio Grande..
Kvanav. A Indianapolis.
Bvanav, & Terre Haute.
Ft. Worth & Rio Grande
erand Trunk...
.,
GrandTrunk Western }
Det. Gr.Hav, & Mllw.
Hooking Valley
Iowa Central
Ool.
Kanawha & Michigan..
Louisville & Nashville ..
208.500
193,917
43,563
178,061
187,928
31
21
31
31
31
31
21
31
Klnneapolls & St, Lonis
Minn. St P. &S. Ste. M..
Mo. Kansas <& Texas
Mo. Paolflo & IronMt...
Central Branch
Mob. Jackson <b K. City
orfolk di Western
Ohio River...............
Pere Marquette
.
Pltteb. Bess.
&
L. Erie...
Pittsburg & Western
EUo Grande Southern
Klo Grande Western
8t. Louis & San Fran...
8t, l/ODls
Southwestern.
Sherman Shrove. &
So...
Southern Railway
at. Louis Div
.....
Texas
<»
Paolflo.
Toledo & Ohio Central...
Toledo Peoria & West'n.
Tol. St, L.
& West
1900,
41,
U9
476,985
10,480
390,2011
411,162
139,940
121,860
1.634,091; 1,276,449
185,1101
179,810
476,»«17
15,186i
39,316
31,878
96,564
476,000
134,105
1.843
1,557
5,354
27,763
10,587
222.197
109,529
129,771
73.371
744.991
23.201
97,131
807,345
49.308
38.169
20,954
168,100
6,103
26,536
6.036
520,141
501,078
82,095
63.765
17,453
592.330
81,293
44.062
13,178
140,466
66,798
78,685
302,268
605,000
19,000
2,569
298,130
24.530
136,037
26,753
01.639
9,196
74,000
194,746
144,266
17.917
688,415
42,623
222.842
42,412
21,781
52,170
326,303
Increase,
Decrease.
9
296,423
115,676
133,403
68,457
796,472
26.59^
92.610
318,977
50,158
35,68^
20,300
188,800
349687
Mexican Central
Mexican National....
<
"7,282
151,686
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week,
full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
t-hla kind will be found in the Chronicle of February 23,
1901.
Che next will appear in the issue of March 16, 1901.
Gross Earnings.
Net Earnings.
Previous
Current
Current
Previous
A
»
,
Tear.
Roads.
Tear.
Tear.
Tear.
*
9
3.721,254 11,749,161 tl.483,348
.
All. V.
642,76.'i
349.466
145,090
47,344
81,352
2^U.496
532,000
19.000
2.201
265,632
21,005
140,001
4,378
2,192
19,703
23,000
27,440
286
73,226
6.14
3,632
*••
-
-
»
••
4,521
11,632
850
•*•
2,483
••
654
,.
20,500
»mmf
749
•
1.227
4,481
•••
...
19,066
802
9.703
4.275
49,565
221
>«K>
4,624
19,455
-
2,667
7l,77i
73,000
•
,,
••
.._ ..^
••»
368
...a ...
32.503
3,52o
3,961
20.10i
6,85*2
57,533
9,936
84,000
160,764
102,696
5,902
636,696
32,843
171.312
44,217
22.751
34,160
3U3.573
4,106
10,000
....
»
-
-
-
1,805
970
18.010
22,730
10894648
145.890
1.416,972 1,025.926
648,197
691,569
7,227,834 7,899,481
216,901
158.983
1,497,562 1,260,760
16.748
18,536
109,713
109.472
def, 1,294
428
def,18,412 def,10,189
368,504
289,859
3,460,407 2,708,599
1,128,443 1,022,790
9,543,954 9,190,843
100,292
102,832
1,095,869 1,046,099
def,8,972
3,687
1,969,690 2,104,32&
70,170
70,640
Jan.
3,189,894 2,92P,709
July 1 to Jan. 31.. ..22,623,833 23,282,525
9eorGrl».a
149,634
Jan,
177,510
July 1 to Jan. 31
1,118,450
983,153
Booking Valley. a.. Jan,
380,240
361,393
July 1 to Jan. 31.... 2,814,026 2.504,433
Iowa Centra). b... Dec
200,780
186,679
July 1 to Dec. 31
1,162,784 1,270,645
& Hudson. b—
20,861
849,239
6,229,816
'66,577
•391,184
163,044
1,168.488
44.477
152,476
33,609
569,986
6,367,533
*59,917
*359,110
143,890
1,025,156
63.259
416,43 &
1 to Dec. 31
100,181
115,714
46,390
63,934
Jan. 1 to Dec. 31
433.108
454,857
208,830
231,621
OehlghVal, RR.a. Jan. 2,204,642 2,202^48
376,134
343,797
Dec. 1 to Jan, 31.... 4,411,082 4,289,942
820,638
751,755
Leblgh V.Coal Co, a, Jan.
1,915,178 1,672,232 def.l 3,597 def. 24,641
Dec. 1 to Jan. 31
8,940,464 3,498,299 def,50,641 def.8,431
oexlng'n <& East, b,. Jan.
13,216
29,386
25,881
9,629
167,642
77.066
64,273
July 1 to Jan. 3i....
205,575
Lon.Hen.&St.L.b, Jan.
52,476
14,521
15,606
54,284
876,147
128,447
131,618
393,526
July Ito Jan. 31
947.073
863,633
Lonlsv. & Nashv.b.Jan,
2,612,608 2,392,303
July 1 to Jan. 31... .16,948,023 16.519,722 6,142,340 5,786,922
Minn. & St, Louis,a.Jan.
July 1 to Jan. 31
Mont. & Mex, Gulf Nov.
Nevada Central
Jan.
July 1 to Jan, 3i
New York Central b—
197,552
260,772
1,916,039 1,744,963
89,669
102,409
1,936
3,722
16,913
19,569
91,939
811,691
31,852
71,605
742,606
20,543
1,931
4,396
3,781
85
Oct Ito Dec 31.... 14,617,278 14,258,783 5.243,861 5.551,848
July Ito Dec 3l....29.290,858 28,443,180 10,949,881 11,264,667
391,985
158,222
109,330
3(
483,020
y. ont. & West.ajan.
963,451 1,022,765
3,034,102 3,070,399
July 1 to Jan. 31
122,336
100,852
263,674
226.246
N y Bus. & Westa. Jan,
786,044
607,799
1,425,804 1,644,384
July Ito Jan. 31
186.228
657,236
176,328
684,436
Northern Central, b Jan.
Ogdens. & L, Champ, b—
48,397
158,840
167,749
86,827
Oct 1 to Dec. 31
633,620
185,795
193,629
603,259
Jan. 1 to Dec 31
.
.
Pennsylvania-
..«
740
33,98?
41.570
12,015
51,719
9,780
51.530
t
Oct.
......
...-•
4,914
51,481
3,394
31...,
arlp.j*
Lehigh
tl2760434
101,062
& Pitts.
Oct Ito Deo.
Alabama Qt. Southern.
1,015
8,723.150
Dunkirk
1,648,1 7
21
last year.
S
48.694
29,686
116,267
499.000
161,545
""687
44.384
"2,259
same week
1901.
14,401
8,150
Latest Gross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week. The table covers the third week of February and
shows 9'80 per cent increase in the aggregate over the
31
J,6.S6.50O
j
of February.
9
143,817
""729
20,'331
p. c.)...
Decrease.
9
622,776
J
follows
3d week
Increase.
13,249
10,409
»toh.T &8. Fe.,b Jan, 4,416.836
July 1 to Jan. 3i..- .31,363,452 27.534,7^6
Bufl. R, APlttbs.b.Jan.
463,736
385,749
July 1 to Jan. b 1
3,599,273 2.663,821
anadian Paoiiio.a.Jan, 2,054,016 2.152071
July 1 to Jan. 3i... 18,339,058 18,69^,745
Cent, of Georgia. a. Jan.
671,236
550.825
July 1 to Jan, 3l .. 4,325,656 3,718,232
Central New Eng. Jan.
53,918
62,976
July 1 to Jan, 3i...
432,411
445,975
Chattan'ga South, a Jan,
8,052
7,188
July 1 to Jan. 31...
59,967
54,848
"henap. & Obio.a..Jan,
1,228,200 1,101,250
July 1 to Jan. 31
9,185,165 7,969,546
Oalo M.& St, Pa. Jan, 3,3 1 8, r 69 3,210.813
July 1 to Jan. 31. ...25,711, 824 25,797,162
Denver & Sonthw.bDeo.
210,173
212,550
Jan- 1 to Dec, 31 .., 2,483,942 2.171,378
DuluTh & Ir, RaneeDec.
90.888
79,080
Jan. 1 to Deo. 31
4,340,742 4,080,687
&
statement cover«
62 roads, and shows 6'52 per cent incresise in the aggregate
over the same week last year.
Lines directly operated
East of Pitt8,<fe E.Jan. 7,466,171 6,424,271 2,462,697 1,776,997
Dec, 25,800
Dec, 62,400
WestofPitts.&E.Jan.
215,883
884,140
219,883
863,240
Phll.WUm. & Balt.b Jan.
916,282
865,682
2.845,202 2,774,402
Nov, 1 to Jan, 31
Pea ding Company—
804,515
913,767
fflUa.&Reart'g.b Jan. 2,490,817 2.1297,044
July Ito Jan. 31. ... 16,467,418 16,0a8,821 5.659,767 6,179,684
2,R26,354 2,225,162
281,866
345,702
Coal <h Iron Co. b. Jan.
July 1 to Jan, 31. ...16.748,751 18,882,095 l,331,39i> 1,796,998
5,317,171 4,522,206 1,259,469 1,086,381
Total both Co.'s.bJan.
July Ito Jan. 31.... 33,216,169 34,920,916 6,991,166 7,976,682
—
March
—
»
,
Q rott Eaming$.—s
,
Ifet
Previous
Ourrent
Tear.
Tear.
Tear.
9
$
$
BeadlDg Comp&nj^fOoniinued)—
Jan
Beading uo.b
Previoui
Tear.
$
18,lfil
18.561
157,490
138,189
1,278,030 1.104.542
7,14«,656 8,114,871
13,069
12,336
322.609
252,89*
2,730.724 2,055.428
t284,331
:190,034
12,121,331 ll,A0V,tiS2
2,034,156 1,475,146
17,471,586 15,406,169
91,361
312,972
July 1 to Jan. 31
Total allComp's.fc Jan.
July 1 to Jan. 31
Bio Orande Janot..Deo.
41.119
43,563
651,140
856,706
6.055,123 4,805,595
502.831
677,712
4,547.712 3,725,831
Boathem Pacific. be- Jan. 6,212,708 5,341.905
July 1 to Jan. 31-. 45,393,166 41,466,525
Tenn. Coal I. & RR.Jan.
Terre H. & iDrtlanapolia
420,989
417,785
174,079
Oct. 1 to Dec. 31....
l,e08,';58 1,627,320
581,596
Jan. 1 to Deo. 31
East Bt. L. & Caroiid.—
37,097
40,615
17,363
Oct. 1 to Dec. 31
145.644
156,180
60,938
Jan. 1 to Dec. 31
Terre Haute & Peoria—
126,316
157,035
Oct. 1 to Dec. 31
55,575
511.823
437,723
71.490
Jan. 1 to Deo. 31....
St. Louis Vand & T. H.—
498,088
506,523
185.254
Oct 1 to Dec. 31....
549,375
Jan. 1 t» Dec. 31.... 1,934.791 1,854.178
87,391
44,093
57.845
Texap Central. a... Deo.
376,462
219.740
210.923
July 1 to Dec. 3l
202.120
roleno & O. CenT.a. Jan.
200,418
45,469
388.124
July 1 to Jan. 31.... 1,509,994 1,346,727
Onion Pac.Bys.a.. Jan. 3,207,612 2.916,292 1.301.432
July 1 to Jan. 31... 26,66a,003 23,805,662 12,017.386
1,518,685 1,314,584
425.793
Wabaeh.b
Jan.
July 1 to Jan. 3i... 10,622,''00 9,963,679 3,(92.6/7
179.810
W. Jersey & Seash.b Jan.
186,110
10,001
Went.N.Y.A Penn.»
132,774
Oct. 1 to Dec. 31... 1,044,169 1,004,873
3,883,539 3,672,409
545,688
Jan. 1 to Dec. 31
410,807
128,540
Wisconsin Central b Jan.
388,329
July 1 to Jan. 31... 3,155,229 8.425,685 1,137,865
a Net earnings bereclven are alter aedaotlni; ta:xeB.
b w«t oftrniTiKs her«» firiven are before dednotintr taxes
c These tlgures Include Houston & Texas Centrrl and its
8t. LonlsA San Fr.b. Jan.
July 1 to Jan. 31...
Bt.LoulB So'west. b. Jan.
July 1 to Jan. 31
—
.
—
156,302
537,404
21,996
60,135
34,084
67,927
lf6,815
577,323
23.150
102.874
65,31^0
443,943
1,199.367
11,071,347
347,3^4
2,829,303
16,804
303, .578
1,167,879
109,118
1.372,055
subsidiary
After allowing for f ther Income reotived net for January was
$124,025, against $89 465; from Jnly 1 to January 31, 1901, net
after allowing for other income was $479,578, against $389,604.
rentals amounted to $168,302,
t For January, 1901, taxes and
against $164,450, after deductlQg which net for January, 1901, was
$1,580,869, aealnst $1,328,J'98. From July 1 to January 31, 1901,
taxes and rentals were $1,172,502, against $1,126,932 in 1900, after
deducting which ihe surplus was $11,687,932 this year, against
$9,767,716 io 1900.
; After allowing for expenditures for betterments, net In January,
1901, was ti260.797. against $172,079 in 1900, and from July 1 to
January 31, 1901, $1,966,947, against $1,219,072 in 1900.
*
—
Interest Charges and Sarplus. The following roads, in
addition to their gross and net earnings given in the fore
going, also report charges for interest, «S:o., with the surpluf
above or deficit below those charges.
-Int., rentals, etc.
y-Bal. of NetFam'B.
.
Ourrent
Previout
Ourrent
Tear.
Tear.
$
Tear.
$
Rnarti
$
*17,510
"93.276
*957,800
3,233
58,942
506,446
*30,501
•84,960
*656,363
& Hudson1 to Deo.
Oct.
31
34,757
36.083
11,633
27,851
26,955
67,388
*22,545
*31,089
&
L. Champl.—
1 to Dec. 31....
Ogdensb.
Oet
Beading—
All companies... Jan.
787,000
762.545
341.997
491,030
July 1 to Jan. 31
5,509,000 5,337,817 1,639,656 2,777,054
Blo Grande Junot'n. Dec.
7,708
5,361
4,628
7,708
Tenn. Coal I. & RR. Jan.
57.607
54.776
253.196
33.754
Toledo & Ohio Cen.. Jan.
*11.242
35.185
"29,419
35,966
July 1 to Jan. 31...,
243,666
*210,751
242,411
*149,030
Wisconsin Central. Jan.
140,433
136,362 *df.l 1,309 *df.25,901
July 1 to Jan. 31
949.365
915,137
M97.188 *468,438
• After allowing for other Income received.
Northern
—
We give below the gross and net
the Northern Pacific for January and
Pacific.
earnings, etc., of
the seven months to January
31.
January.
.
•1901.
$
Gross earnings
Operating expenses
Net earnings.
2,256,660
1,203,786
1,05^874
Taxes,rentals,bet'm'te,&o.
Net operating income.
Mlscellaii eous income, not
Inoludiug land sales
Net Uieotne—
Main
syst)
m
Proprietary lines
•
Total
ihe operations of the
St.
5,242
837.632
'il
43,754
July 1 to Jan. 31.—
*1900 01.
1899-00.
$
$
$
1,913.892 19.569,962 18,513.057
978,012 9,444..i86 8,213,485
y3d,S80 10,i-.io,376 10,^9H,a72
223,207 1,671,431 1,81.=>,«69
712,673 8,453,945 8,483.903
,
.
1900.
55,021
477.492
Ir^efcorifo^^P/
Jan.
^-
$
R'vg. Co.}.
.
Chicago
Oln.
&
A Cov
Latett Date
PrevtouB
Tear.
Tear.
48.510
594 96'';
182.742
i
47,061
536.643
166,489
8,232
60,225
3.363
1€6,732
8.674
822,445
6.432
57,196
2,716
166,725
7,244
6,963
"6.387
108,412
72.100
194,374
94,788
.
—
Mil. Elec. January...
Newp.
1 to
Ourrent
«
January .. 48,510 47,061
53000 47,2241
Atlanta Ry. A Power. December
Blnghamton 8t. Ry.. December. 16,633 15.0781
December. 978,02« 956.823
Br'klyn Rap.Tr. Co.
American
January.
.
City Elec. (Rome,Ga.) .January...
Cleveland Electric .. January...
Oleve. Palnev. <t E... January...
October...
Oolumbue (O.) Ry
Consol. Trao. (Pitts.) December.
Dart&W'portSt.Ry. January...
January...
Denver City Tram..
Det. Rooh. Ro.A L.O. December.
4th wk Jan
Detroit United
DulUth-8np. Tract. ) JaJiiary-Tonnarv
Duluth bt. Ry....{
December.
Gtelves ton City*
Harrlsburg Traction. January...
8,232
6,432
60,226 57.196
3,363
2.716
166,732 156.725
8,674
7,244
85,677 75,216
249.445 226,467
6 963
6,387
108,412 94.788
9,070
3,152
63,204 68,984
32,248
7,836
20,737
24,883
26.01(r
102.923
32,248
171983
26.018
235,374
24,883
Herkimer Mohawk II.
4,303
4,344
ionAF'k/ortEl.Ry. January...
4,303
4,344
Intemat'l Traction—
December. 246,774 223,333 2,697,371 2,449,488
(Boffalo)
Johnstown Pass. Ry. January... 15,534 13,417
15.634
13,417
December.
4,817
gyngston City Ry
4.812
68.038
66,647
Jnuuary...
Lehigh Traction
LondonSt. Ry. (Can.) December.
9,489
8,756
9,489
8,756
8,461
'89886
6.376
Cleveland.. November.
6618
'86.282
December. 440.18:- 398,374 5,387.043 4,933,395
Mass. Eleo. Co.'s
Metro. (Elev.)Ohloago December. 137.655
1,572.648 1,427,512
Montreal Street Ry.. December 147.978 137,682
6,016
January...
6,131
Mnsoatlne St. Ry
6.086
6,131
January...
5,803
5.722
Newborg St. Ry
5, SOS
5,722
7,92^
S&w Castle Traction. January.
8,622
7.938
8,522
Hew London St. Ry January...
3,412
2,938
3,412
2,638
Norfolk Ry. & Light. November 129.904 30,104
424.180 879,006
Northern Ohio Tract. January... 32.772 28,842
37,772
28,842
Ogdensb urg St. Ry.. January...
1,168
1,280
1.168
1,280
Lioraln
11, 04?
<fe
.
. .
St. Ry
Omaha & Coun. Blufi
Olean
January...
8,8d8
3,438
3,868
3.433
Ry. ABrldge
January... 16,327 16,608
Philadelphia Comp'y January.
333.467 293,892
Pottav'e Union Trao. December.
16,327
333,467
142.466
16 603
293,892
138.983
13.4'7"i
"i2,6'6'6
373,625
431,200
47,908
330,404
446.088
40.008
Hallways Co. Qeneral December.
Klchmond Traction.. January...
18,330
13,471
12,660
Sacramento Eleotrlo
Qas dz Ry
December. 32,826 31,469
January .. 431,J00 446,08t
8t. Louis Transit
(5oranton Railway.- . January... 47,908
Seattle Electric Oo. . . December. 112,607
Southern Ohio Tract. J anuary. .
19.854
Staten Island Elec . December. 13,178
Terre Haute Eleo.Co. November. 21,22^
46,008
86 636
17,480
19,854
17,4«0
13,036
209,645 208,897
16,172
Toronto Ry
November. 128,.'^49 102 502 1,357,200 1,191,163
Twin City Rap. Tran. January... 236,276 220108 286,275 220,106
Union (N. Beoford).. January... 18,714 17,946
18,714
17.946
Union Traction Co.
(Anderson. Ind)... January .. 44,529 34,658
44,529
34,658
United P. ATransp.. January...
§7wc. 803
Sine 803
United Traction- > t„_„„„
.January...
104,368
90,550
104.368
90,550
Albany City {
United Tract. (Pitts.) January... 148 287 141,240
148,887
141.240
United Tract. (Prov.) January... 187,327 170,288
187.327
170.288
Wilm.&N.CastleEleo. December.
54,902
Winnebago Traction. December.
6,599
6,399
.
Worcester &MarPb'ta January...
4,686
4,052
4.686
4,052
.
I
j
t
3,383
71,402
560,491
Latest Oro$$ Earnings.
OB088
Babnimos.
»
Pitts.—
Oct. 1 to Deo. 31....
Jan.
Hooking Valley
July 1 to Jan. 31
Lehigh
Previout
Tear.
TBAOTION OOMPANLEB.
AJSn>
. .
lines.
.
433
BTBEET BAILWAY8
Xamingt.——
Current
Boadt.
&
,
THE CHRONICLE.
3, 1»C1.J
Dunkirk All. V.
..
353,263
881.386
767.694 8,931.437 8,837,166
ix.645
21.097
1&2.211
186.490
y02.483
786,33y 9,123,648 ».02J,65tt
Paul & Duluth are included from July 1,
1900.
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the grross earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads— that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including suob
latest week or month.
Decrease for November due to loss by Are of power station anA
all of company's cars.
These are results for properties owned.
•Decrease in earnings due to storm at Galveston in September
nearly
t
last.
Street Railway Net Earnings.—The following table givea
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 wee^, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing re-
—
turns.
Oross Eam\ng$.
Previout
Tear.
Tear.
*
»
108.412
94,788
1,227,966 1,151,349
Ourrent
Boadg.
Denver City Tr'mw. Jan.
Mar. 1 to Jan. 31
Berkimer Mohawk Illon
APrank. El. Ry.Jan.
July 1 to Jan. 31
"ewbnrg
...
Eleotrlo. Jan.
July 1 to Jan. 31
Northern Ohio Trac. Jan,
July 1 to Jan- 31
Omaha <fe Council Bluffs
Ry.A Bridge
Jan.
aiohmond
Oct 1
Trac'n...Jan.
to Jan. 31
Seattle Eiec. Co
Twin City Rap.Tr.
Union Ry.
(N. Y.)
.
.
Dec.
Jan.
!
.
— Nei Eam%ngt.—~H
Ourrent
61,521
564,741
Previou$
Tear.
9
33.777
409,143
lear.
ft
4.303
31,364
5,803
62,356
32,772
269,818
4.344
29.602
5,722
58,369
28,842
228,058
1,413
11,983
1.552
80,427
11,734
105,968
2,445
14,685
1.802
28.793
10,590
86,282
16,327
13,471
62.293
112,607
1236,275
16,603
12,660
58,807
85,636
220,103
5,719
3,399
23,250
34,107
121.051
7.271
5.252
25.071
17.507
105,257
220,697
462,182
190,236
401.984
84,2^8
206,696
57,771
162.705
b.—
Oct. 1 to Dec 31
July 1 to Deo. 31
Interest Charges and Surplus,— The following Strest
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
^nai.oflfet Bam't.-^
Int.,rentalM.etc.
Ourrent
Prtviout
Ourrent Previout
.
Roads.
Denv'r City Tramw Jan.
Mar. 1 to Jan. 31....
Rapid Tr. Jan.
Union Railwav.N. Y.''win City
Oct
1 to Deo. 31....
July 1 to
Dec
31....
Tear.
«
ao.i'so
Tear.
*
3.578
345.277
70,830
30,199
306.206
71,472
219.464
60.221
102,938
33,785
34.444
70.476
43.188
86.737
•50,274
'136,681
14.683
65,968
reor.
*
31.371
Tear.
«
J
THE CHRONICLE.
434
[Vol. LXXII.
ANNUAL REPORTS.
BALANCE SHEET DEC.
to reports published during the last
half of 1900 can be found by referring to the general index
in Chronicle of Dec. 29, where all references to annual
reports are designated by heavy type.
Index.—The index
C Report for the year ending Dec. 31, 1900. J
On subsequent pages will be found the report of President
A. J. Casgatt. Below we compare the results for .1900 with
those of several years previous:
OPEBATIOMS AND FISCAL RESULTS.
1900.
1899.
1898.
1897.
381
380
380
377
3.913 022
3.826,779
4,102.828
57,962,651 58.61 ^^.976 52.338.019
2-112 cts.
2-047 ots.
Kate p. pass.p. mile. 2189ct8, 2-110 ots.
Fre't (touB) carried. 17,032.280 17.235.927 14,932,483 14.580,225
Fre'Ktona) one mUe.1095 295388 1132468350 994,571,171 962,244,791
0491 ots. 0525 ots.
Kate p. ton p. nnle... 0850 cts. 0-482 ots.
$
Earnings
$
$
. $
1.105,296
1.199,815
1,223,164
1,302.796
Passengers
5,049,321
4,886.455
5,457,650
6,029,322
Freieht.
578,086
552,603
677,758
513,294
Mall,exp. & mlBoel.
4.321,459
Pass, carried 1 mile 59,520,774
P^^ofr'/ed.fNo
ard
lines,
Expcnsies—
Transportation
Maint. of equlpra't.
Malnt. of way, &c..
Oeneral
Total oper. exp.,
Net earnings
P.O. of exp.to earns.
7,845,412
7,233,417
6,664,028
6,732,703
3.015.€00
1,321.593
1,033,776
126,569
2,975,750
1,280,745
904,938
121,461
2,792,026
1,016,647
884.448
118.122
2,734,403
973,183
972.030
118,747
5,497,538
2,347,874
5,282,894
1,950,523
4,811,243
1,852,785
72-20
4,798,368
1.934,335
71*26
7303
70 07
INCOME ACCOUNT.
1900.
Heccipta—
Netearnines
Otlier receipts
Total Income...
Kent,
IVd lines,
&0.
Interest on debt
t...
DlTldends
Taxes
MisceUaneousExtraordinary fund.
Tot. disb'sem'ts-
1899.
1898.
$
$
$
2,347,874
632,194
1,950,523
533,108
2,980,068
2,483,631
535,618
651,116
684,033
88,796
*406,978
613,527
2,980,068
Balance, surplus
:
1897.
$
504,154
1,934,335
366,788
2,356,939
2,301,123
1,«52,785
480,844
775,420
526,267
75.708
77,583
300,000
480,078
796,574
526,267
65.983
84,720
200,000
2.235,830
247,801
2.153,622
203,317
474,308
834,152
526.267
55.864
13,933
1,904,521
396.602
Of tlils $397,926 Is "extraordinary expendit Includes car trusts.
tures not properly chargeable to capital account."
*
BALANCE SHEET
1900.
[DEC. 31.
1899.
1898.
$
other property
real estate
37,0='3,955 36.602,911 36.423,768
charged ofl
15,617,317 14,300,024 14,232,596
Stooksof other companies owned. 7,931,304
7,658.479
7,727,520
Bonds of other companies owned.18,564, 225 15,449.s90 15.326,186
Equipment,
less
Bills receivable, etc
Materials and supplies
Total
Liabilities
—
1897.
$
$
$
$
€ostof road, equip., &o.20.977,243 21,422,659 21,152,247 21,152,247
owned..
4,581,683
2,467,209
2,469,895
2,693.829
stocks
Bonds &
205,334
141,274
155,702
230,090
Materials and supplies..
Due from agents, con769.732 1.283,538 1,751,081 1,377,802
necting roads, &c
825.711
457,939
365.587
349.590
Cash
407,296
455,841
430,411
363,706
Depreciation fund
9,752
9,752
9,752
9,752
Morts.A ground rents..
Asseis-
4,053.744
£92,390
1,106,520
4,127,4C9
3,802.779
537,618
1,^76,895
3,933,624
4,315,604
262,448
86,475,064
83,654,174
83,429,599
27,213,800 27,0S5.800 22,497,000
Bonds (see Investors' Scpp.)
46,387,000 46,741,000 60.000.000
Real estate bonds and mortgages.
199,100
213,350
301.100
Cash llabll's, wages, supplies, etc. 1,498, '^63
1,6^6,304
1,860.032
Interest and rentals due
1,069,354
1,078,455
1.1«5 452
Acoraed charges.etcinolu. taxes. 2,390,616
1,623,383
1,372.248
Contingent fund
627.261
Profit and loss
7,716,926
5,305,880
5.606.506
Capital stock
Total
-V.
.86,475,064
83,654,174
83,429,599
72, p. 388, 391.
—
Gross earnings
1898.
$
Cashon hand
1,037.593
Due from agents, companies, etc. 1,594,537
Northern Central Kailway.
Koad operated
1899.
$
Atsets—
RR. and appurtenances, including
purchased
SI.
1900.
Delaware & Hadson Coiupany.
('Report for the year ending Dec. 31, 1900.
President R. M. Olyphant says: "The result of the business
for the year 1900 shows net profits amounting to |3, 187,392,
or 916 per cent on the outstanding capital stock, against
which will be charged the cost of the stock to be purchased
and retired in accordance with the stockholders' ordinance of
May 9, 1899, as outlined in the last annual report. Under
this authority 68 shares were purchased and retired daring
the year. The Honesdale branch of the Pennsylvania division has been in full operation for two months, and has
proved the wisdom of the change from the old gravity road
to one of standard gauge.
"A general strike occurred Sept. 15 and continued until
Oct. 29, causing a serious interruption in the mining operations and reducing the total quantity mined 166,174 tons
below that of the preceding year. Had normal conditions
prevailed, the total amount would have been increased not
When it is borne in
less than from 500,000 to 600,000 tons.
mind that many of the expenses incident thereto continued
during the suspension of mining, when revenue from the sale
of coal was almost altogether cut off, the result of the year's
business is a gratifying evidence of the earning power of the
company. The leased lines continue to show extremely satisfactory results, thereby demonstrating anew their great
importance as a factor in the company's prosperity.
"The eauipment referred to in the last report has all been
received, and in addition an amount to the value of $721,663
has been purchased and paid for during the year. The sum
of $1,046,897 has been charged against surplus as follows:
For reduction in mine improvements $100,000; for equipment,
$450,000; for coal department betterment account, $236,665; for advanced royalties on coal, $200,000, and for miscellaneous items,
$60,233,
Note.—Since the close of the year 1,350 shares of stock have been
purchased and retired, so that the capital stock now stands at $34,
658,200.
The total
output of coal, the amount produced by your
company and the amount transported for others were
:
Total assets
Liabilities —
27,349.175 26,580,555 26,403,913 20,193,013
11,462,400 7,518,150 7,518,150 7,518,150
Bonds [(see Inv. Supp.).. 9,578,000 13,473,000 13,629,000 13,776,000
112.386
362,007
349.049
352, '82
Morts. A ground rente...
332,136
267,748
336,506
342,646
Int. <fe rentals accrued...
584,418
653,610
515,370
552,797
Vouchers and pay-rolls..
458,490
300,724
300,724
300,724
Dividends
613,525
fund
Expenditure
431,163
456,573
407,294
381,894
Depreciation fund
470.032 1,045,033
476,292
855,391
Other Uabilities
3,345,603 2,464,732 2,492,429 2,489,129
Profit and loss
Capital stock
Tons (OOO's omitted).
Total output
Produced by
T).
&H
1900.
45.107
4,017
Carried for other companies 2,211
Total tons carried
Statistics.
pile(i for
'899.
1897.
1896.
1896.
5,836
6,151
1894.
47,665 41,900 41,e38 43,177 4H.511 41,361
4,183
3,934
3.968
4,223
4,318
8,997
2,246
1,679
1,681
1,613
1.803
1,764
6,228
—The statistics
the
1898.
6,430
5,613
5,647
for four years
Chronicle
5.761
have been com-
as follow
EARNINGS, expenses AND CHARGES.
1900.
:
1899.
$
Receipts from coal... 7,351,113
11,485,189
Railroads
551,430
Miscellaneous
1898.
$
s
1897.
$
7,207.345
9,907,357
607,189
7.709,441
10,061,167
Jersey.
fAdvanced statement for year ended Dec. 31, 1900 J
President J. R. Maxwell says : " The earnings for the year
were the largest in the history of the company, aggregating
$15,853,062, as against $15,591,199 for the year 1899, an increase of $261,863 as compared with the preceding year. The
operating expenses, as heretofore, cover all expenditures
for repairs, and also include expenditures for renewals of
bridges, buildings and wharves, substitution of heavier rails
report giving details of the opand other construction.
eration of the road for the year is in course of preparation
19.387,735 19,081,254 17,721, «92
Gross earnings
Oper. exp. and taxe8.13,258,470 13,210,833 12,927,596
18,360,051
13,293,288
for distribution hereafter."
Results for four years and general balance sheet have been:
1900.
1899.
1898.
1897.
4,251.226
Renns.A Saratoga... 2.656,320
1.180,9?0
N.Y.& Canada
Lines In Pennsylv'nia 3,396,662
4,082,651
2,698,638
1,081,024
3,248,813
3,650,929
2,464,534
939,900
2,851.995
3,667,145
2,446,367
954,068
2.993,588
Total gross eam8.H,485,189
Operating expenses. 6,029,419
11,011,126
5,823,128
9,907,358
6,068,507
10,061,168
6,152,152
5,455,770
Net earnings
and div. 2,591,872
5,187,998
2,529,575
3,838,851
2,573,478
3,909,016
2,575,341
Balance, Burplas. 2,863,868
2,658,423
1,265,373
1,333,675
Totalliabilltles
71, p. 182.
27,349,175 26,580,555 26,403,913 26,193,013
—V.
Central Railroad
Company
of
New
A
EeeeipU—
$
$
$
15,853,062 15.591,199 13,187,270
Gross earnings
9,344,949
8,068,313
Expenses and taxes. 9,699,904
6,153,158
Net earnings
Ino'me from invests.,
prem. on bonds,
6,246,250
1,236,318
658,288
real estate, etc
Total net income. 7,389,476
5,118,957
Rentals
Dividends
Rate of dividend
2,760,252
2,009,861
1,355,615
(5%)
5,870.421
2.879,575
4,794.297
2,923,478
5,066.762
2,925,341
Balance for stock 3,187,393
1,750,000
Dividends
2,990,846
1,750,000
1,870.819
1,750,000
2,141,421
1,750,000
1,240,846
120,819
391,421
railroad earnings (including both lines owned and
Balance, surplus 1,437,393
The
leased) mentioned
Earnings—
Alb.
above embrace
5,014,101
698,139
6,904,538
5,715,482
5,742,240
2,881,490
1,960,698
1,104,484
2,996,809
1,585,940
899,880
(4%)
3,027.755
{^^%)
:
1900.
1899.
1898.
$
$
$
& Susquehanna.
1897.
$
$
13,212,772
8,168,671
Payments—
Interest
589,442
6,129,265
Netearnlngs
Interest and rentals. 2,941,872
Int., rentals
596,525
7,617,840
11.011,126
452,288
1,627,B6-!
899,880
(4%)
5,946,672
5,482,629
Total payments. 6,125,728
5,555,503
eur. 1,263,748 8tir.957,866 8ur.232,853 ^8ur.l86,737
Balance
PROFIT AND LOSS ACCOUNT.
Receipts—
Sales of coal
1900.
1899.
$
$
6,96J,066
Canal
tolls
Int. on Invest.* misc.
551,433
382,047
Net earns, from BR's. 2,863,898
Coal on hand Dec. 31
Total
10,766,444
7,184.622
19.748
432,540
1898.
1897.
$
433,217
2,058,424
7,485,319
50,934
556.256
951,928
1,265,373
8,018,905
51,471
537,971
1,229,902
1,333,674
10,728,551
10,309,810
11,171,923
1
March
THE CHRONICLE.
3, 1901.]
Disbursements —
Coal on hand Jan.'l..
Mining ooal
J
:
1900.
1899.
$
9
5,604,24
9
1,539,366
5,199,641
hereafter shown. In 1899 the sum of $250, Of was charged to repairs
of freight oars and credited to renewal account. No such credit and
charge was made in 1900, and this fact will explain the decrease in
repairs of freight cars.
The general condition of the equipment has steadily improved and it is believed the repairs made and new equipment purchased more than make good the ordinary deprecia-
1898.
1897.
^*
1,229,902
5,513,358
5,267,325
Railroad Iran sport'n,
bandUiiK.expenBefl.
river and harbor
350,000
995,212
350,000
1,206,970
350,000
347,S66
167,949
3,187,392
335,376
203.020
2,990,846
387,295
209,247
1,870,819
436,898
2,141,421
10,766,444
10,728,551
10,309,810
11,171,923
1,108,994
expenses, etc
Interest
l,305,9."il'
and miscellaneous
Taxes
Balance
Total
GENEBAL BALANCE AT CLOSE OF EACH FISCAL
1900.
Assets—
Canal
Railroad In Pa
1899.
YEAfi.
1898.
1897.
5,500,000
sS'feO 1 10.302,456
5,530,235)
2,557,477^11,506,284
12,000,000)
3,704,891
3,6«1.278
670,796
755,852
1,109,482
1,108,188
3,763,566
3,762.259
210,000
210,000
215,968
215,968
'i
.
Cher'yV.Sh.&Al.RR.
8cben.& Mecbao.RR.
Sohen.&Duanesb.RR.
Oonstr'n leased lines.
Coal on band Deo. 31
220,000
218,399
162,672
220,000
218,399
162,672
1,71.^, ',^02
1,489,879
433,217
1,446,058
951,928
982,860
793,445
1,546,199
18.708
1,762,527
382,047
783,7^6
Adv. on coal roy allies
Stocks and bonds.. * 1,427,959
Telegraph
10,720
Supplies, tools, etc. . 2, 1 05,003
Cash
2.614,177
Bills and accoants receivable, net
.
Total'aBsets
Liabilities
207,fi27
$
4,401,376
4,235,988
5,772,523
3,603,901
Equipment
6,263.790
5,360,854
Real estater
2,561,405
KR.ofNor.Co.&I.Co. 2,680,470
12,036,683 12.080,000
Unmined ooal
MlnelmptB,flxt'8,&c. 3,4 4,393
3,663,879
753,729
678,326
Ooal yard, bargee, &o.
1,109,336
Laoka. & Su^q. RR... 1,251,188
3,768,642
3,773,212
N. Y. & Canada RR
—
162,fi59
1,647,9.^9
10,720
1,977,416
1,258,391;
2,232,018
TT
470,083
liabilities.
1,335,676
46,462,144
46,816,774
34,793,200
7,500,000
35,000,000
5,000,tOO
35,000,000
5.000,000
1,000,000
35,COO.0OT
5,000,f09
1,100,000
Loans payable
Surplus fund
\
\
45.938,500
and dlv. payable.
Dlv.,int.,&c, overdue
December pay-rolls
and vouchers, net.
Int.
1,441 ',144
1,229,902
755,171
3,161,552
18,708
1,829,335
48,902,760
Stock
Bonds,
Total
350,000
expenses
Terminal
526,550
102,832
566.437
lolflOO?
588,430
491,268
5,489,410
5,3'59,76"6
4,895',707
5,128",344
.48,902,760
45,938,500
46,462,144
46,816,774
* Consists c/f sundry bonds, $92,220; 4.500 shares Albany & Susquehanna RR., $450,000; 8,0U0 shares Rensselaer & Saratoga RB.,
sundry stocks, $85,739.
Inoludine Nor. Coal & Iron Co.
less December pay
TI Bills and aooonuts receivable. $4,707,328
rolls and vouchers payable after Jan. 1, 1900, $4,237,245— $470.ii83.
-V. 72, p. 240, 241.
$800,000
;
I
;
DelaTfare Lackawanna & Western RB.
(Report for the year ending Dec. 31, 1900.
President Wm. H. Trueadale says in substance:
Earnings,— "£\iQ reduction in gross earnings from the transportation of coal was almost entirely due to the strike of the
anthracite coal miners, which lasted from the 17th of September until tbe end of October. The decrease in tonnaj^e of
anthracite coal moved, due to the strike, based on previous
year's operations during like period, was 685,000 tons. The
decrease in rate per ton per mile received on coal traffic
[from 9'46 to 9 20 mills] was due in part to there being
charged against earnings for last year a sum paid in settlement of an old claim of one of the independent shippers of
coal and in part to an increase in shipment of the smaller or
steam
435
sizes of coal.
[of $360,037]
The increase
in earnings on miscellaneous
freight is gratifying, as is also the greater rate per ton per
mile received [viz. 6 96 mills, against 6-79 mills in 1899]. The
latter was due in considerable measure to an increase in rates
on iron, steel, and other like commodities, and in no small
degree to the policy of the management in withdrawing from
certain business the rates on which were so low as to leave
no profit from handling it. The large decrease in miscellaneous earnings is more than accounted for by the following
difference in adjustment of accounts between this company
and certain lints controlled and operated by it, viz:
In the previous year, the use of engines and cars of this oompay used
on those lines was charged for on rental basis. During year 1900 this
practice was changed and an allowance made for this service in the
settlement of til e ioint accounts between this company and its operated lines. This adjustment made a decrease of $266,92(i in tbe
amounts credited to miscellaneous earnings for use of cars and engines.
In nearly all tbe other Items going to make up miscellaneons earnings
substantial increases were shown, so that the net decrease was reduced to $160,115,
Operating Expenses.— TJndieT the title of maintenance of
structures is included the cost of various renewals,
improvements and additions, aggregating the sum of |9S6,671
way and
[including $594,757 for new bridges, $96,924 for "sundry sidIngs and yards" and balance for new stations, yards, etc.].
Also, included therein is the cost of 15,460 tons of 80 lb. steel
rails with fastenings laid during the past year, an increase
as compared with 1899 of 5,574 tons. Also, there was laid
during the year 493,982 cross ties, or 49,533 more than in 1899.
Regarding the equipment the report says in part
The increase in cost of maintenance of equipment was due to $445,000 of the cost of seven new passenger and 39 new freight locomotives
being charged to repairs of locomotives. There was purchased during
the year 1,000 twlnhopper coal cars of 80,000 lbs. capacity, 100 steel
hopper ooal oars of lOO.i.OO lbs. capacity, 50 Rodger hallast oars of
80.000 lbs. capacity. There was also built at the shops of the company
165 freight cars of various kinds. The cost of all th^se new freight
cars bought and built aKKregated $91 1,851, of which $250,000
charged to renewal account and $661,851 to surplus account. The
total cost of new engines purchased was $747,315, of which. In addition to sum charged to repairs of locomotives as stated above, $iJ0.805
was charged to renewal account and $211,511 to aurplua account a^
wm
tion of the year.
Cost of transportation has not been reduced during the past
year to the extent that ha/i been expected. This is due to a
variety of causes. Chiefly, however, because the motive
power of the company is inadequate to the requirements of
The locomotives are mostly old and light.
its business.
More than 67 per cent of the engines in service carry a maxisteam pressure of 140 lbs. or under, while on most roads
throughout the country anything under 160 lbs. is regarded
as inefficient, and on most modern locomotives from IbO lbs.
On portions of
to 200 lbs. is as low as good practice permits.
mum
the line heavy locomotives could not be run because the
bridges were not heavy enough to carry them. These light
bridges are being replaced with new heavy ones very rapidly,
and in anticipation of the completion of this work, 82 new
heavy passenger, freight and switching engines have been
bought for delivery during the coming year. When these
are in service the transportation facilities of the company
will be greatly improved and proportionately cheapened.
Income Account. Increase in dividends on stocks owned is
due to the payment of a dividend of 3 per cent on the stock of
the Sussex RR. out of the earnings for 1899 and of 4 per cent
out of the earnings of 1900; also the B^ngo^ & Portland Ry.
Co. whose entire capital stock [$510,000] was acquired during
the year, declared a dividend [of 6 per cent] out of its earnings from the five months it was owned and operated by this
company; ana the Lackawanna& Montrose RR., a controlling
interest in whose stock is owned, declared a dividend of 3 per
cent out of its earnings for 1900. The item of premium on
stocks and bonds owned is amount realized above the book
Water Co. sold by
value of stock of the Providence Gas
authority of the board during the past year to parties controlling the chief water-supply of the City of Scranton.
Cval Department. The results of the operations of the Coal
Department for the past year can not be regarded as otherwise than satisfactory considering the unusual events of the
year. The outcome so far as this company is concerned was,
that the cost of mining its coal, so far as labor enters into it,
was increased about 10 per cent. The company waa under
considerable extra expense during the period of the strike in
keeping its mines in proper condition for the resumption of
work.
The stocks of coal throughout the country were
greatly reduced as result of the strike, the demand has been
in excess of the supply, the price of coal has been increased
by reason of this, and, as a consequence, the losses sustained
during the strike have been recouped in part. Improvements
and additions have been made during the year costing $389,129 [representing new washeries, remodeling breakers, etc,].
Of this sum .$239,129 was charged to and included in the cost
of mining coal during the past year and |loO,000 charged to
renewal account.
Financial.— The financial condition of the company is
strong. It has no floating debt, its liabilities being only those
resulting from corrent operations, and they are already
liquidated from cash on hand and current assets. [The
report also refers at length to the $2,000,000 of 33^ per cent
refunding bonds authorized by the Warren RR. and the
|35 000,000 similar bonds authorized by the Morris & Essex
during the year as already stated in the Chronicle; see V. 71,
"These transactions, the report says, will
p. 181, 1167].
result in materially reducing the rentals of this company
hereafter."
General Remarks. The net results of the year, while not
equaling those of the previous one, can not be regarded
otherwise than satisfaotory and encouraging in view of the
unusual occurrences of the year so seriously affecting the
company's chief business. The outlook for the future seems
most promising. The recent transactions whereby certain
important anthracite coal properties have changed ownership
or control concentrates this important industry in fewer
hands than ever before and places it on a permanently better
basis than hitherto. These changes, the prices paid for the
properties tranferred, the strength and conservatism of the
interests acquiring same, all would seem to promise future
market conditions that amount almost to a guaranty to this
company of highly satisfactory results to its stockholders
from both its extensive coal properties and its railroad
operations.
During the year a large amount of work has been done in
building heavy bridges, new buildings, turn-tables and
water-plants, rearranging and enlarging yards and terminal
facilities, and other work of like character, all in the nature
of permanent improvements or betterments. The coet of
practically all this work has been charged to operating expenses, the only exception being on the line of the Morris
Essex RR, Much more work of a similar character has been
arranged for during the coming year, and for several years
such work and expenditures necessary to complete it will be
heavy. With this work accomplished, and the line equipped
with modem, heavy engines and cars as planned, this company will, without question, be able to show highly eatiafactory results each year to its owners.
—
&
—
—
&
Balance Sheet, Etc.— The income account was given last
The statistics of operation and the balance
(p. 3S8).
week
sheet follow
:
:
THE (IHKONK^LR
436
Merchandise
Traffic
:
—
5,532,436
5,877.154
Total tons (net) transported
6,390,742
Number tons carried one mile.... 966,94 5,711 926,503,533 893,630,736
'6830.
•679o.
Average rate per ton per mile.
•696o.
Passenger Traffic—
Totaliiumberof pass, carried.... 14,<28.080 12.969,893 11,818,218
Number pass, carried one mile... 282,446,342 260.274,836 233,641,749
l-50Oo.
1'518o.
Average rate per pass, per mile.. 1-482l'.
CONDENSED OENEUAL BALANCE SHEET DEC.
Assets—
Costofroad
Cost of equipment
Other permanent Investments..
1899.
1^98.
$
17,322,333
$
$
Mlt'li%
2,34t,010
413,330
454.861
1,3^4,098
890,533
1,141.554
3,468,846
9.767
619,941
2,5i6,408
119,926
Advances to leased roads
Advaneesto controlled roads ...
Advances on coal to be dellv'd..
Coal on hand
other supplies..
Cash
Bills receivable
agents. conduotor8,eto.
Coal bills and sundry aou't's due.
Suspense acooiiQt
50,277,084
Total
17,323,008)
8.114.201^33,386.074
7,657,329)
I'lll'llll 9,096,617
2,236.563
1,304.849
1,173,510
457,230
1,419,(J02
1,559,863
2,464.568
1,821,064
991.424
1,709.718
3,103,0n
1,039,661
93,160)
401
771
»"i."i
450,637 5
2,03 ».018
2,063,819
113.842
8,114,201
7,749,341
Plant, etc
Fund for Met.
Cash
Accwunts and
'
<.
'
52,252,098
50,529,701
LiabilitifJi—
26,200.000 26.200,000 26,200,000
3,Oj7,000
3,067,0 jO
3,067,000
1,604,338
1,612,779
1,689,514
71,563
71.563
122,349
124.312
165,998
Past due dlv'a. Int. and rentals..
458,500
458,502
458,500
D. L. <S;W. dlv. payable In Jan..
997,412
1,384,187
3,150,213
Audited vouchers
913,756
1,272,241
991.773
Audited pay-rolls
611,260
436,308
444,609
Accrued taxes-not due
62,074
62,074
107,074
Mortgages on real estate
240.047
2,161,904
Sundry accounts
767,229
Reserve lor Improvements
15,523,572 15,600,703 13,893,530
Froflt and loss surplus
Capital stock
Consol. mort. bonds of 1907
Rentals accrued, not due
Interest accrued, not due
.
i/an.31 ,1001. Juli/ 1.1900.
Lidlilitiei—
$
$
45.8:6.899 46.548,076
Capital sioct
71 630,500 54.695.200
1 ,582.264
6,689,754
e24.C0U
15,257
si.eoi
398,.S9S
Cons'm'rs' deposits
307,525
Acc'ts payable, etc. 2 163,596 3,541,:h7«
Insur'nce lund, etc. 346,034
461,398
Premium on stock. 6,,210,204
Surplus
7.918,404
7,,885,551
Gas
Light bonds
31.
1900.
Stocks in treasury
Bonds In treasury
&
Jan. 31, 1001. Julyl, 1900
Asstfa—
-
. .
Material, fuel
Vol. LXXII
Consolidated Gas Co. of New York.
(Balance Sheet of Jan. 31. 1901. J
FoIlowiDg are thecondented balance sheets of Jan. 31, 1901,
and July 1, 1900, as furnished to New York Stock Exchange
CONDENSED TRIAL BALANCE 8HEBT.
OPERATIONS.
1898.
1899.
1900.
Coal Traffic—
6,643,402
6,731,353
6,091,133
Total tons (gross) transported...
Number of tons carried one mlle.928, 174,664 994,8 1 5.755 938,074,585
-9460.
1162o.
'9200.
Average rate per ton per mile...
Due from
J
:
Debenture bonds.
Met.Qas L.Co. bds.
Bond and mortg'e.
624,000
159,046
622,000
I,fl46.046
bills
receivable
1,117,34 1
885,660
Materials, etc. ...
122,541
439,651
Stocks and bonds
of other cos. ... 41.158,976 26,403,921
Total assets
-V.
.
.
.80.854.402 74.059,254
Total llabll!tiet.90.854,402 74,059.254
72, p. 243, 186.
Pittsburg Plate Glass Company.
(Balance sheet of Dec. 31, 1900. J
The profits for two years past were as follows:
$2,026,607
(12%) 18.000
(6%) 591.000
Dividend on preferred
•'
on common
Surplus for year
The balance
$1,417,607
—V,
52,252,098
50,529.701
72, p. 388, 338.
Conaolidatlon Coal Company.
(Report for the year ended Dee, 31, 1900. J
President Charles K. Lord says in part
Ooal Tonnage.— The ;coal tonnage handled by the railroad department during the year amounted to 2.294,y07 tons, a decrease compared with the previous year of 803.029 tons, which Is due to the suspension of work in the region for four raonthB of the year.
Strike.— T\xe> miners in tiie Georges Creek region on April 12, in the
face of a voluntary advance in wages from 45 to 5.^ cents per gross
ton. suspended work, alleging that the 60 cent rate then obtaining in
other regions where small seams of ooal prevail, ought to be paid in
the Georges Creek region. The miners remained out until Aug. 1, almost four months, and then retarned to work at the 56-oent rate
The loss! which ihe company
orlgnally offered by the operators.
would have suffered from the suspension of work in the mines was rereason
of
our
policy
minimum
by
of inactivity and because
duced to a
the company carried on its business during this period by selling at a
profit coal purchased by it from other regions, the Georges Creek
being the only region shipping to tide water that was inactive.
Coal iawd*.— During the year the company purchased at a very
reasonable price the exclusive right to mine all the coal underlying a
tract of land comprising 22,210 acres. This ooal is superior in its
steam-making qualities to other coals which have an established
trade in the New England market. The mining rights in this property have been paid for out of the proceeds from the sale of securities
In the royalty fund and will be carried In that fund until it is otherwise
provided. During the year we purchased forty-nine acres containing
about 600,'^00 tons of Georges creek big vein. The cost of this property was charged to capital aocunnt. We also sold our interest in the
Frostburg- Withers Mining Co. and credited the proceeds to capital
account.
Results for four years were :
1900.
1899.
1898.
1897.
Earnings-Mines
Otherlncome
&RRs
.2,279.969
98,116
2,264,322 1,988.391
98,350
109.230
Total receipts
2,378,035 2,362.672
Oper. expenses & taxes. 1.697, a98 1,696,676
N«t
680,687
receipts.....
Deduct ~
Interest on debt
Royalty fund
Sinking fund
Total
Balance
Dividend, 2 per cent
Additions to property
Surplus
Asset* —
%
Mines and
real est. 8.1<:^574
Cum. & Penn. RR. 3.508,638
Royalty fund inv's B73,13«
Two iron steamers 116,000
Steam tUK& barges 581.128
6,000
Canal boats
Consol. Coal Co.'s
76,725
l8tM.8ink.fun<l.
Cum. &. Penn. RR.
1st M. sink. fund.
Insurance fund...
Materials RR.d9p.
Materlalsmlii.dep.
166,902
58,078
77,000
62,010
25,000
192,010
488,677
205,000
195,640
470,366
205,000
190,325
458.093
205,000
164,010
830,958
205.000
98,446
283,677
265,356
258,093
227,512
1889.
ft79.6ia
116,00)
416.021
e.OOO
55,829
136,021
Bills recelvaole...
Cash
8157.712
878.264
Total
269,575
18,156
li8,462
6»4
14,526,402 14,035.061
p.
iiaa
31.
1900.
1899.
$
$
250.000 10,250.000
Bonds Con.CoalCo. 600,000
600,000
Bds.Cum.&P. Utt. 1,,100.000 l.OOO.OCO
Sink. fd. Con. Coal.
76.7i6
55.82 t
Sink, fund <,um. &
Penn.
ie6,902
136.021
DuetD royalty fd. 678,139
676.61i
LdabiHtiti—
%
8,130.784
8,508,638
251,83i
3B0.V87
32,400
167,079
40,000
-V. 71.
694,968
77,000
88.325
25,000
8U.810
Traf.bal.C&P.RR.
618,418
77,000
93.^40
t5,000
24I,'-?97
for coal sold..
St.&bargefrei(tht8
1,926,667
1,231.699
77.000
80,010
25,000
81,(10»
Due
108,166
2.097.621
1,449.203
665,996
BALANCE SHEET DEC.
1900.
1,818.511
Capital stock
10,
RB
on Cum.
&Penn.RR.bd8.
Acc'd
iut.
Due RK. coinp'ies.
Due for supplies..
Ocean freights
8,333
218.6:9
3:i.782
...
8.333
67,629
47,089
22.417
Payrolls
Adjust, of taxes..
Float, eq fund....
Div. uncalled for.
Dlv. payable Feb.l
76t1
756
206.000
and loss.sur.
,176.004
206,000
I,0l2,tl5
Profit
Total.
.
60.104
41,01)1
68.077
5,402
3,16U
.14.585,408 14,036,054
$1,328,314
sheets of Dic. 31, 1900 and 1899,
compare as
below:
BALANCE SHEET DEC.
AssetsProperty
bills
594,063
2,019,660
1899.
$11,604,269
1,411,672
S56,258
1,930,001
$17,250,179
$15,402,220
$10,000,000
10,000
1,8^2,612
ISZ.OOO
5,235,567
$10,003,000
747,000
837,261
$17,250,179
$15,402,220
$12,099,090
2,fj37,365
Plate glass, etc
Material, etc., accounts]
Cash,
31.
1900.
and accounts receivable
Total
Liabilities —
Capital stock
Bonded debt
Bills and accounts payable
Balance on ooal property
tjurplus
Total
60,277,084
Total
1899.
$1,838,806
(12%) 18,000
(4%) 492,492
1900.
Profit
3,817,959
The
total plate glass sold in 1900 was 13,357,837 feet, against
14,447,128 feet in 1899, a decrease of 1,089,291 feet. The increase in the property account was caused chiefly by the purchase of additional coal property and of an interest in the
paint manufacturing business. V. 70, p. 1094.
—
Texas Pacific Land Trast.
(Tru'iteea' report
for the year ending Dec. 31, 1900. J
The trustees are Charles J. Canda, Chairman; Simeon J.
Drake and William Strauss. (Office, 11 Pine St., New York.)
Tdeir report affords the following information:
be noted from this report that the trustees were enabled to
It wil
purchase 7.000 shares (*700,000 par value) of the proprietary certificates from the surplus funds received by the trust in excess of the
amount necessary to pay taxes and the expenses of the trust, said
7 000 shares having been purchased in the open market at an average
of $15 04-f per share.
The year 1900 was one of rather more than average prosperity in
Texasandyour properties participated in this prosperity. Tne lands
sold aggregated 41,781 acres (contrasting with 27,685 acres in 1899),
the consideration being $99,049, of which $55,437 cash and $43,612
bills receivable; there was also sold 46 town lots for $1,610; total
sales $100,659. as against $57,158 in 1899. $50,371 in 1898 and $18,341 in 1897. The average price per acre obtained on lands sold during 'he year 1899 was $a 02 i-; In 1900 it was $2 37+. Many of the
lands were sold at from $3 00 to $3 50 per acre, but the average of all
sales was as above. At the close of the year 1900 the amount of land
under lease was 2,488,99B acres or 78 per cent of all. The average
rate of rental per acre obtained in 1899, was 286 cents per acre; In
1900, It was 2 95 cents per acre.
The unsold lands on Dec. 31, 1900, aggregated 3,192,34V acres, of
which 160,720 were " covered by deeds In escrow." The land is
locat^d in the western part of Texas. 1,114,952 acres being in El Paso
County, 308,358 acres In Reeves County, 200.614 acres in Ector
county, 184,468 In Glasscock, 165,161 in Presidio, 164.884 in Midland, 155,793 in Jeff Uavis, 124,063 in Pecos, remainder miscellaneous. On Deo. 31, 1900, the assets included also deferred payments on sales made (tace value), $113,729; cash, $10,79 1.
Against the above were outstanding proprietary certlHoates. Texas
Pacillo Land Trust (exclusive of $920,300 held In escrow), $8,595,656,
and Eastern Division land securities issued by the Texas & Pacific
Oo., $286,798. During the year there was canceled $700,000
(par value) ol proprietary certificates (capital stock).
Railway
The
receipts
from
all
sources and the expenditures for the
year were as follows:
Receipts—
Cash, beginning of year
Collections for rental of grazing lands
Cash collections on sales of land and lota
Bills receivable collected
Sale of $31,800 Texas & Pacific Ry. incomes
Miscellaneous
1900.
$13,504
73.481
56,652
24,361
840
1899
$6,791
67,482
21,742
16,823
16,960
1,412
$168,339 $130,210
Total
Expenditures$11,313
$12,144
General expenses (Texas office)
4,602
6,252
Commissions paid local agents
26.171
24,614
Taxes
1,954
5,185
Miscellaneous expenses
7,230
7,435
Trustees' compensation and office expenses
12.000
Trustees' compensation for year 1897 and 1898
50,C00
Balance of loan paid
Cost of $700,000 proprietary certificates of Texas
Paciflo Land Trust, purchased in open market at
105,303
an average of $15 04+ per share
13,604
10,791
Cash on hand
Total
$168,339
$130,210
United States Leather Company.
(Report for the year ending Dec. 31, 1900.
The report of the United States Leather Company for the
year 1900 furnishes little detailed information, consisting
merely of a statement of the assets and liabilities, which we
compare as follows
I
——
March
THE CHROXICLE.
2, IJKl.]
Atiels—
Cash
Due by
:
customers.
.
Bark at tanneries..
1899.
$
9
3,014.000
6,996,057
47,49=)
124,-20^
39,015
133,864
8,647,477
1,157,204
13,012
9«,274
8,651.580
928,292
161,425
155,107
Sundries, personal
property, etc
Advances to other
The Government guarantees the bonds of the Canadian Northem'B
Rainy River branch, fromlPorV Arthur to Rainy River through a diffi-
18P8.
1897.
$
9
2.203.«16
3,448,782
73.124
40.358
7.9P4.526
1,177,224
2.217,175
4,010,533
77.927
27.564
217,963
8,253,797
1.405,976
161,817
191,227
.
2,140,133
4,841,2^7
Bills receivable
Doubtful debts, val.
Other debtors
Hides and leather..
1900.
59,':99
13,725,3r9 11,483,621 15,433.345 14,951,843
companies
460,-82
199.127
155,687
Drawbacks, etc
100,000
100.000
100,000
100,000
Railroad bonds.
6,370,028
6,349,212
6,349,138
Tannery plants, etc. 7,005,872
Stock or other co's.. 35,44«,232 35,446,232 35.48*033 35,484,033
If0,'i00
100 000
100,000
100.000
Treasury stock
62,819,886 62,819, J^SB 62,804,701 62,776.0-'4
Goodwill, etc
34,644
28,070
31,039
36,740
Unexp'd Insurance.
Total
LiabiiUtes
136.698,960 136,787,149 135,607,292 136,200,000
—
57,600
Int., etc ...
130,919
Current accounts...
1,449,971
For.exch.notyetdue
Bonds, less in treas. 5,280,000
62,269,800
Preferred stock
Common stock
62,869,Jr00
Miscellaneous
Surplus
4,640,870
Accrued
63,390
127,129
1,321.542
5,280.000
62.289 800
62,869.800
62,254,600
62,854,600
4,855.487
4,027.944
56,670
118.649
1,014.727
5.280,0'
62,610
124,767
1 316,855
5,280,000
62.225,900
62,825,900
202
4,363,978
136,598.960 136,787,149 135,607.292 136,200.000
Total
-V. 71, p.
817.
GENERAL INVESTMENT NEWS.
$-i 0,000 a mile at the rate of 4 per cent. a year.
The
bonds are payable June 30, 1930, and are not to be Issued until the
lines are constructed and operated, and not until the present outstanding bends are delivered In exchange. Forthis the Government obtains
a mortgage on all the property and leases and also upon the lease and
option wiih the Northern Pacific Ry. In case the lines no more theoi
pay operatln(r expenses the Government la responsible for rentals to
belpaldthe Northern Pacific Ry. at d also for lnt«-re8t on the bonds.
The company foregoes Its exemption from taxation In Manitoba aft«
the year 1905 and pays a sum Hxed by the Lieutenant Governor In
C' uncll not exceeding 2 percent of gros- earnings on its Manitoba
lines. The company may not amalgamate with the Canadian Paciflo
Ry. or make pooling arrangement with that line. Finally the company
grants the Government the option f the purchape of the entire property during the year 1929 for par value.— v. 72, p. 338.
cult country, for
(
Chicago Burlington & QnlncyRR.-BoTKis.— The
$2,000,-
&
000 bonds recently reported as sold to Lee, Higginson
Co.
it seems were in fact sold a year ago, no recent sale having
been
made.— V.
72, p. 391, 183.
Chicago General Rj.— Foreclosure Suit.— The Merchants'
& Trust Co. of Chicago, as mortgage trustee, has
brought suit to foreclose the $500,000 mortgage made in 1892
by the West & South Towns Street Ry. Co.— V. 72, p. 338
Chicago Milwaukee & St. Paul Rj.—New Stock.— The
directors on Thursday authorized the issue of additional
common shares to an amount equal to 10 per cent of the pres-
Loan
ent outstanding [capital stock. The new issue (-$8,822,520)
will be offered at par to hclders of record March 11, the
right to subecribe expiring on April 18. Subscriptions will
be payable 25 per cent at once and 25 per cent each on June
July 18 and
The proceeds
Sept. 5.
will be used to reimburse the company for
expenditures made from income for new construction (including 301 miles of new road during the last two years),
namely, $4,522,520. and to provide for the constiuction of the
Kansas City cut-off and other necessary new construction to
The proposed cut-off will rethe amount of $4,300,000.
quire the building of about 119 miles of new road, one section extending from Davenport to a point near Ottumwa in
Iowa, and another connecting with the main line at Mount
Carroll, in Illinois. The result will be to give the company a
shorter route with lower grades from Chicago to Elaneas City.
Surveys have been completed and construction is to begin as
soon as the weather will permit.— V. 72, p. 241, 136.
18.
RAILROADS. INCLUDING STREET ROADS.
Atlantic City Hy.— Purchase.— Thia company controlled,
by the Reading, has acquired a controlling interest In the Sea
Coast RR. through the purchase of a maiority of its common
and preferred stock and of series B bonds V. 66, p. 761.
Baltimore & Ohio Southwestern Rj,— Discharge of Receiver.— Judge Baker at Indianapolis on Feb. 18, issued an
order formally discharging the receivers. V. 70, p. 325.
Baltimore & Ohio RB. New Terminals in Washington.
President McKinley has signed the bill providing for the
construction of a new freight and passenger station in
—
—
437
—
Washington at some point between Second and Capitol
and for the building of an elevated structure or
viaduct to carry the company's tracks through the city. A
,
& North Western Ry.
-Retirement of M. L. Sykes.
June Mr. M. L. Sykes will reportion of the present line will be abandoned. In considera- tire as Vice-President and Secretary of the North Western
tion of the surrender of its present rights within the city, the RR., and will also resign his offices in the St. Paul & Omaha
Baltimore & Ohio is to receive $1,500,000, one-half from the RR. Some remarks upon Mr. Sykes's long term of service
Federal Government and one- half from the District of will be found in our editorial columns in the article on the
Financial Situation.
Columbia.— (See V. 70, p. 740.) V. 73, p. 337, 282.
At the approaching annual meeting Mr. E. E. Osborn, one
Boston & Albany B,R.— Quarterly. Earnings for the quarof the general attorneys who has been in the Chicago office
ter and the six months ending Deo. 31 were:
for fourteen years, will be elected Vice-President and will
Gross
Net
Other
3 mos. end.
Interest,
Balanee
Mr. Sykes will reEarnings.
Earnings. Income. Taxes, etc.
Dee. 81.
Surplus- assume charge of the New York office.
1900
$2,599,925
$5,157 $328,532
$838,901 main on the board of directors.— V. 72, p. 241, 86.
--- $1,162,276
1899
2,655,263
1^298,091
11,355
310,973
968,473
Chicago Union Traction Co.— See Lake Street Elevated
6 mos.
1900
$5,173,469 $2,120,849
$9,594 $655,654 $1,474,788 RR. below.— V. 71, p. 1310.
18B9
6,273,979
2,167,721
18,478
682,963
1,503,236
Cincinnati Hamilton & Dayton RR,— Guaranteed Bonds.
—V. 72, p. 44.
Piqua & Troy Branch RR. below.— V. 71, p. 1219.
—See
Boston & Maine RR. Purchase Price for Central MasCincinnati Portsmouth & "Virginia RR.— Bonds Called.—
sachusetts Stock.— The liS.as9achueettBRai\roa.iCommissioueTa
on Wednesday announced that they had fixed the price to The company has called and will redeem the entire issue of
be paid for the Central Massachusetts preferred stock at $65 $400,000 first mortgage 5 per cent bonds on June 1 at the
office of the Investment Company of Philadelphia at 105 and
per share; common at $21 per share.
New Stock. — The Commission also authorized the Boston accrued interest,—V. 72, p. 241, 136.
& Maine to issue $1,735,200 new stock to take up the Central Cincinnati Street Rj.— Lease' Authorized.— The sharestreets,
Chicago
—At the annual meeting next
—
Massachusetts shares, the new issue to be offered to stockholders of the Boston & Maine at $190 a share.— V. 72, p. 337.
Brooklyn Heights RR.— Quarter /i/.— Earnings for the
quarter and the six months ending Dec. 31, covering the
operations of lessor companies, were
8 moa. end.
Dec. 31.
1900
1899
Gross
earnings,
Net
earnings.
$2,833,081" $1,111,302
2,804,915
1,004,927
Other
income,
$74,611
73,307
Interest,
taxes, etc.
Balance,
$1,152,08Z
1.061,182
$33,026
17.052
$168,314 $2,310,682
169,600
2,056.746
$347,112
93,436
surplus.
6 mos.
1900....
1899
$5,935,395
5,580 753
5,580.753
$2,489,4?
1,990.580
-V. 72, p. 837, 240; V. 71, p. 1012.
Central Pacific Rj.—Listfd.—The New York Stock Exchange has listed $3,293,500 additional first refunding mortgage 4 per cent guaranteed gold coupon bonds of 1949, making the total
amount
listed to date $58,036,500;
also,
$15,500
additional 33^ per cent mortgage guaranteed gold coapon
bonds of 1929, making the total listed to date $19,892,500.
The additional 4 per cent bonds include $2,941,000, which
were held by the United States Government as collateral
security for the note of the company for $2,940,635 78, maturing Feb. 1, 1902, and recently paid, and $252,500 issued
against outetanding old bonds which had not theretofore
been deposited.— V. 72, p. 282.
Central RR. of New Jersey.— Ltsferf.— See New York &
Long Branch RR. below. The annual report is given on a
preceding page.— V. 72, p. 388, 391.
Canadian Northern Ry.— Cuaranf^/.- The 354 miles of
road to be operated under lease from the Northern Pacific
Ry. as recently stated (p. 338, Chronicle of Feb. 16) embrace,
it is said, the Northern Pacific & Manitoba Ry., the Wionipeg
Transfer Ry.. the Portage & Northwestern Ry. and the
,
Waskada
&
Northeastern. Particulars regarding the contract with the Province of Manitoba are published as fol-
lows
:
holders on Feb. 21 ratified the lease of the property to the
Cincinnati Traction Co. (which see below) on the terms
already announced.— V. 72, p. 136, 86.
Cincinnati Traction Co.— In Possession.- The property of
the Cincinnati Street Ry. Co. was taken over under lease on
Feb. 21, the rental being as already announced.
O^c^rs.—The officers of the Traction Company are:
President. Hugh J. MoGowan, of Kansas City; Secretary and Treasurer, William T. Irwin. Cincinnati.
Directors: William L. Elklns. P. A. B. Wldener, Randal Morgan,
Hugh J. McGowan. W. Kesley Sohoepf. William Cooper Procter, W. T.
Irwin, Jacob G. Bchmldlapp, J. B. Foraker Jr., H. M.Levy and David
G. Edwards.— V. 72, p. 39i.
Delaware
Langcliffe.
& Hudson Co.— Coa^ Propertie*.— The Lsflin,
Greenwood and Brocks coal companies have
been purchased in the interest of this company, and
it is
ex-
pected that possession of the properties will be taken today.
The terms [commonly reported to be about $1,500,000] have
been over-stated, but are private as yet. The D, & H. estimates the product of these properties to be about 500,000 tons
per annum. The annual report is given on a preceding page.
— V. 72, p. 240.
241.
J. Lisman
announced last week, have arranged to acquire
the Ohio Southern RR. from the bondholders' committee, bave
Detroit
& Lima Northern Ry.— Pu/c/iase.— F.
& Co., who,
as
also purchased this property, subject to approval on March 11
of the depositors of bonds of the Lima Northern Ry. Co. and
of the Detroit
Lima Northern Railway Co. If at such
meeting 51 per cent in amount of all the certificate holders
a?sent to the sale, the same will become binding upon all of
&
the depositing bondholders.
The Ohio Southern extends from Wellston to Lima, O., 183
L. N. includes 160
miles, and branches 80 miles; the D.
miles extending from Lima to Detroit. The two lines together form a connection between the bituminous coal flelda
of Souttern Ohio and Detroit, Mich.
&
—
THE CHRONICLR
438
Plan.— It
—
—
is
proposed that a
new
consolidated
shall be organized to issue:
Firstmortgage 4o-year 4 per cent gold bondB, redeemable within five years at 105 and interest, and secured by a purchase-money Hen on the properties of
the Ohio Southern Ry. Total authorized issue to be.
Of these bonds there are to be applied in payment of
the Ohio Southern Ry
Reserved to take up equipment notes of Ohio Southern Ry. maturing $6,559 79 monthly, and the sum of
$5,000
Reserved for betterments of the Ohio Southern prop-
company
Fifnj-year 4 pir cent gola bonds, secured by a first mortjtage on the consolidated properties. To the authorized amount of
Of which to be reserved for the redemption of the
aforesaid purchase money mortgage bonds
For future betterments
For additional mileage
To be issued for the Ohio Southern properties
For the Detroit & Lima Northern properties
Preferred 4 per cent non-cumulative stock
Of \9hlch there Is to be reserved for future require-
Lake Shore & Michigan Southern Rj.— Quarterly— Birnings for the quarter ending Dec. 31 were:
3 mos. end.
Other
Net
Orosg
Dec. 31.
*
$4,500,000
4,C00,000
earnings.
1900
1899
earnings.
Balance
Interest,
taxes, etc.
income.
surplus-
$1,111,302 $74,612 $1,152,087 $33,827
17,052
73,306
1,061.182
1,004,928
The preliminary statement for the year ending Dae. 31, 1900,
was given in the Chronicle of Dec. 22, last, on page 1267.
—V.
400,000
$2,833,«8l
2,804,915
72, p. 87.
Lake Street Elevated RR. of Chicago.— Sa?e of Mr.
100,000
erties
[Vol. LXXII.
Yerke&'s
Holdings.— A syndicate headed by Blair & Co. of
has purchased Mr. Yerkes's holdings in the
New York
10,000,000
Union Elevated RR. Co.. the Lake Street Elevated RR.
Co. and the Northwestern Elevated RR. Co.
4,500,000
1,250,000
1,500,000
1,500,000
1,250,000
These holdings are said to include approximately the following amounts of stock (in addition to some Chicago Union
Traction stock and miscellaneous bonds) but those in interest say the items are not altogether correct
Lake Street Ele6,500,000 vated RR $2,500,000; Union Elevated RR., $2,500,000; Northwestern Elevated RR $1,000,000. The price paid is reported
ments
500,000
as about $5,000,000. This transaction is understood to be
3,50(',0i'0
For Ohio Southern properties
For Detroit & Lima Northern properties
2,500,000 part of a plan for amalgamating the elevated roads and operCommon stock
10,500,000 ating them in more or less close connection with the ChiOf which to be reserved in the treasury for future
cago Union Traction Co.
contingencies
500,000
Temporary President. On Wednesday Clarence Knight
To be Issued for Ohio Southern properties
7,000,000
For Detroit & Lima Northern properties
3,000,000 was elected temporary President.— V. 72, p. 283, 240.
Terms for Detroit cfr Lima Northern. There are thus to be
Madison (Wis.) Electric Ry.—Pwrcft^7se.— Philip L.
set aside for the properties of the Detroit & Lima Northern Spooner, of Madison, is reported to have bought this property
Ry. of the secnrities so to be issued: First mortgage bonds, and to be now the sole owner of the system.
,
:
,
,
—
—
$1,250,000; preferred stock, $2,500,000, and common stock,
$3,000,000.
With the proceeds of theee securities it will be
necessary to meet various preferential obligations estimated as amounting to about $1,710,000, this sum including $1,000,000 receivers' certificates and interest thereon,
etc.
The purchaser of the D.
L, N. has arranged for the
underwriting of the aforesaid amounts of bonds and preferred stock, and to provide therefrom in cash or its equivalent
the sum of $1,710, ODO to pay these preferential obligations so
far as they are at present known. "While a portion of the
common stock may be required to meet preferential obligations, it is expected that there vdll remain for distribution
among the depositing bondholders an amount of the com
mon stock of the new company equal at least to the par
value of the deposited bonds remaining outstanding; which
is to be set apart for the committee.
This stock, it is expected, will have a substantial market value."— V. 71, p. 863.
&
—
Mempliis & Charleston RR. SuH. At Memphis, Tenn.,
on Feb. 14, United States Court Judge Hammond, it is said,
dismissed the case of Rothschild and others, representing
minority stockholders, against the Southern Ry. V. 69, p. 956,
Mexican Central Rj.— Called Bonds. Equipment and collateral gold bonds, due 1917 (first series) for $50,000, have been
drawn by lot and will be paid at par and accrued interest at
either the Old Colony Trust Co., Boston, Massachusetts, the
Manhattan Trust Co., New York, or Glyn, Mills, Currie &
Co., London, on or after 1st April, 1931, on which date in-
—
—
terest will cease.
Earnings
—The
following
a preliminary statement for
is
the year 1900:
Gross
(Mex.eur.)
$17,223,878
Tears.
1900
1899
15602,065
Net
(Mex. cur.)
$5,373,683
5,199,095
Net
Charges
(U. S. cur.)
(net).
Balance,
surplus.
$2,628,576 $2,624,569
2,516,961' 2,417,783
$4,007
99,178
RB,.— Purchase Approved, The stockholders on — V. 71, p. 1220.
Mobile & Ohio RR.— PZan Operative. The plan to issue
Thursday ratified the purchase of the Pennsylvania Coal Co.,
and approved the proposed issue of new securities to be made collateral trust gold bonds of the Southern Railway Co. in
exchange for the general mortgage bonds of the Mobile &
in connection therewith.— V. 72, p. 391, 282.
Grand Rapids B,y.— Listed,— The New York Stock Ex- Ohio RR. has been declared operative, 70 per cent of the
change has listed the company's $2,500,000 first mortgage 5 bonds and 90 per cent of the bonds having been deposited
with J. P. Morgan & Co. Further deposits will be received
per cent gold bonds of 1916.— V. 72, p. 183.
without penalty to and includihg March 15.
Illinois Central RR.—Listed.— The New York Stock ExOn Unlisted.— 3. P. Morgan & Co. trust receipts for genchange has authorized the listing on and after March 5 of the eral mortgage 4s and capital stock have been placed on the
$6,000,000 additional capital stock as and when the same has unlisted department of the New York Stock Exchange.
been paid for and issued, making the total amount listed
To Be Operated Independently. President Spencer, of the
$66,000,000.- V. 72, p, 282, 241,
Southern Ry., is quoted as saying that the separate organizaKansas City Ft. Scott & Memphis Rj.—Sale of Control. ization of the MoDile & Ohio will be maintained, and that
Nathaniel Thayer, Chairman of the board of directors of the property will continue to be operated independently, but
this company and of the Kansas City Memphis & Birming- under the general supervision of the Southern Company's
ham RE, Co., makes the following announcement:
officials.- V. 72, p. 241, 391, 283.
"A majority interest has signed an agreement to sell these
Nashville Ry.— Bondholders' Committee.— In view of the
roads on the following terms to people who are interested in default in the February interest, William C. Seddon,
the St. Louis & San Francisco. That company has no direct Frederick M. Colston and John N. Steele, have agreed to act
part in the transaction, and does not furnish any of its secur- as a bondholders' committee to represent the consolidated
ities to pay for the properties:
mortgage bonds of 1900, and have designated the Baltimore
Road.
Holders of
Will receive
Trust & Guarantee Co. as the depository for said bonds.
Ft. Scott
Preferred stock
$150 In cash
Ft. Scott
Common stock
$75 in cash and 25 % in securities Holders are requested to deposit their bonds, with coupon
Birmingham Stock
$50 in cash
due Aug. 1, 1901, and subsequent coupons attached, with the
BirmlD gham Income bonds
2d mortgage 58 red'l at 95
said Trust Company on or before March 15.— V. 72, p. 283.
"The exchange of the income bonds, however, is not obNew lork Central & fladson River RR.— Quarterly.—
ligatory. It is expected that the Memphis and 'Frisco roads
Earnings for the quarter and the six months ending Dec. 31:
will be worked in the closest harmony and assist one another
Balance,
Charges and
Other
Oross
Net
3 months
in every way." He also says:
surplus.
income, sirt.k. *und.
end. Dec. 31. earnings, earnings.
$4,468,S36
$2,114,386
"The Fort Scott terminals at Kansas City consist of over 60 acres of 1900
$14,617,278 $5,243,860 $l,:^39,^62
Erie
—
—
—
—
land and are considered <>ue of the best terminals in the city. The
Fort Scott also owns an interest in the Kansas City Belt RR., so that
the new arrangement will place the 'Frisco road in as good a position
In Kansas City as any other road occupies. By extending some 12 or
15 miles from Miami, in the Indian Territory, to a point near Wyandotte on the 'Frisco, the new system will have as good a line as any
Kansas City road for all points In Texas. It will have the shortest
line to Galveston and Houston, Tex., and to Oklahoma City, Okla.,
and it is believed that the new system will largely add to the importance of Kansas City as a distributing point. The 'Frisco will also be
able to give the viemphis system a large amount of tonnage by way
of Memphis. For a long time the Fort Bcott has been considering the
building of branches to feed Its line. It wUl now secure that result
•without any expenditure.
"It is proposed to operate the Memphis system as an independent
line. I shall remain as Chairman of the board of directors, and Mr. Merrlam will remain as Treasurer, and the general offices will remain in
Boston. Some of the other directors will remain on the board but
who has not as yet been determined. Mr. Wlnohell will remain as
President.
" The form of securities to be issued has not yet been deter
mined, but the Fort Scott stockholders will get for their 25
per cent received in partial exchange for their common
-stock securities on the same terms as the people who furnish
the money. It is believed that the arrangement will be
•mutually beneficial."— V. 72, p. 288, 137.
Eansas City Memphis & Birmingham RR.— See Kansas
City Fort Scott & Memphis RR. above.— V. 71, p. 910.
1899
14,258,782
5,551,847
1,160,984
4,26^,052
2,450,779
6 mos.
29,290,853 10,949.881 2,425,788 8,713,343 4,662,326
28,443,180 11,264,667 2,251,205 8,506,722 5,009,150
From the surplus as above were paid dividends of 2^ per
cent ($2,875,000) in 1900, against 2^ per cent ($3,250,01)0) in
1900
1899
1899.— V.
72, p, 45.
New York & Long Branch RR.—I,is<ed.— The New York
Stock Exchange has listed the $1,500,000 general mortgage 4
per cent fifty-year gold coupon bonds of 1941. V. 68, p. 283.
Norfolk & Western Rj.— Waiver of Right to Issue Prior
Lien bonds. The company has executed an instrument
supplemental to its first consolidated mortgage forever waiving its right to issue the $3,500,000 of prior lien mortgage
bonds which were authorized by terms of the original mort-
—
—
The
gage.
mouth
first
mortgage bonds of the Cincinnati Portshave been called for payment as stated
& Virginia
the plan is to extend the lien of the N. & W. consolidated mortgage to cover the ,130 miles of that company.
V. 72, p. 184, 137.
Northern Central Ry. Securities Acquired. The annual
reoort of this company, which belongs to the Pennsvlvania
RR. system, is given on a subsequent page of to-day's ChronThe report shows the acquisition of $1,500,000 of
icle,
above
;
—
—
J
March
——
:
THE CHRONICLE.
2, 1901.
439
Toledo & Ohio Central RR.— 7n Possession,— The company on Feb. 27 took over the line of the former Columbus
& Northwestern Ry. Co.— V. 72, p. 284, 243.
Norfolk &
ern Transportation Co.— V. 71, p. 182.
Traction & Light Co.— /ncorpora^ed.— This company was
Northwestern Elerated RR. of Chicago.— See Lake Street incorporated at Trenton, N. J., on Feb. 27, with .$4,COO,<.00 of
authorized capital stock, of which $l,000,f00 is first and
Elevated RR. above.
New
&
&
&
Ohio stock, $1,000,000 of Baltimore
Ohio
500,000 preferred and $1,000,000 common stock of
Western and |500,000 stock of the Erie
West-
Chesapeake
preferred,
•!
President.— Oa Wednesday Clarence
Buckingham was
second preferred, each 4 per cent non-cumulative.
Samuel Thomas and Samuel B, Lawrence,
New York; James C. Young, Jersey City. The purpose is
said to be to unite certain street railway and lighting properties on Staten Island,
SI, 000,000
Incorporators
elected President.— V. 71, p. 1068.
:
Oakland (Cal.) Transit Co.— The Oakland RR. operating
on San Pablo and Telegraph avenues in Oakland has been acquired in the interest of the Oakland Transit Co. which
Union Elevated RR. of Chicago.— See Lake Street Eletherefore now controls all the street railway lines of Oakland,
Alameda and Berkley escept the Oakland San Leandro & vated RR. above.
New President.— On Wednesday John B. Dennis was elected
Hay wards Railway. It is proposed to form a new company
,
own
to
both properties.— V. 72,
President.— V.
p. 184, 187.
Ohio Soathern YLR.— (Consolidation Plan.— See Detroit
&
Lima Northern RR. above.— V. 72, p. 392,
Pennsylvania RR.— New Stock.— While the amount
—
Improvements in Washington.— "Pxesi-
dent McKinley has signed the bill providing for the improvements on the Baltimore & Potomac RR. in Washington.
These include the extension of the present tunnel, the building of an elevated structure, the removal of the existing
bridge across the Potomac River and the building of a new
bridge for railroad purposes only,— V. 72, p. 392, 339.
Piqua& Troy Branch RR.— Bonds OJercd.- The Union
Savings Bank
Union Paciflc RR.
Listed.— The contracts for the new
convertible 4s of 1911, "if, when and as issued,"
have been placed on the unlisted department of the New
York Stock Exchange.— V. 72, p. 392, 340.
Worcester Consolidated Street Rj.— Consolidation.— ThQ
Massachlisetts Railroad Commission has authorized the company to purchase the Leominster & Clinton, Worcester
Marlborough and Worcester & Suburban Street Ry. companies; and to issue $1,429,400 additional stock to take up
their stock, share for share.— V. 71, p. 1271.
first lien
of new
stock to be offered to the shareholders is expected to equal
about BO ner cent of their holdings, it is thought very doubtful whether the issue price will be as low as par, as has been
not uncommonly assumed. V. 72, p. 392, 339.
Pennsylvania RR.
72, p, 88.
& Trust Co.
of Cincinnati is offering at 101
and interest $200,000 of this road's first $250,000 of mortgage gold 43 due Nov. 1, 1939, and guaranteed unconditionally, principal and interest, by the Cincinnati Himilton
Dayton RR. Co. The line is 8 miles long,
&
Pittsburg & Castle Shannon RR.— Election.— k.t the
stockholders' meeting on Feb, 19 the old directors wer« reelected, the board of electors ruling that W. C. Jutte
could not vote the majority stock (5,017 shares) which he
purchased on Dec. 11, as it had not been regularly trans
ferred sixty days before the meeting. V. 71, p. 1221.
—
Railroad Equipment Co.— Six Per Cent Special Car Trust
reorganization committee consisting of Thomas Carmichael and E, W. Clark jr., with
Lean— Reorganization.— A
T. C. Wellman as Secretary (27 Pine St., New York City).
has prepared an agreement of reorganization under date of
Jan. 23 relating to the 6 per cent Special Car Trust Loan,
AC
viz.: 1484,000 series
and $187,000 series B84. The First
National Bank of this city is the " Depositary." Series
was issued against lease warrants of the Illinois Rolling
Stock Co. and the St. Louis Chicago
St. Paul RR. Co.
Series B84 is secured by lease warrants of the St. Louis Chicago
St. Paul RR. Co.
See American Transportation Co.
72, p. 138.
AC
&
&
—V.
Reading Co.— Control of Sea Coast RR.—See Atlantic City
Ry. above.— V. 72, p. 392, 340.
Richmond Fredericksburg & Potomac RR.— Proposed
Common Control,— The "Railway Age" says:
"Community of Ownership" will have an excellent illuRtration In
the plan under which the Seaboard Air Line has abandoned its charnew road from Richmond, Va., to Washington, and will join
with its competitors in the ownership and use of the existing route
between those places. The Richmond Fredericksburg & Potomac
extends from Richmond to Quantico, 82 miles, and the Washington
Southern, owned by the Pennsylvania Railroaii, covers the remaining
3.5 mlleB to Washington.
Under the new plan this stretch of 117 miles
of road will be owned by a new company, in which equal voice and
ownership will belong to six competing lines, namely the Pennsylvania, Baltimore & Ohio, Atlantic Coast Line, Southern Railway, Seaboard Air Line and Chesapeake & Ohio. Between the national capital and the capital of Virginia this direct and level line, provided with
as many tracks as may be found necessary, will easily accommodate
the trains of these half dozen great companies, saving the absolute
•waste of several millions of dollars in oonstriioting a superfluous
parallel road, and illustrating to the world how good and pleasant a
thing it Is for railway brothers to dwell together in unity.— V. 72, p.
ter for a
—
Rutland RR.—Exchavge of Stock, About seven-eighths
of the common stock, it is stated, has been exchanged for the
preferred stock on the basis of ten sharf s for one, under the
&
INDUSTRIAL. eAS AND MISCELLANEOUS.
American (Bell) Telephone & Telegraph Co.— Decision
Adverse to Berliner Patent. Judge Brown of the United
States Circuit Court at Boston on Feb. 27 decided in favor of
the defendants the suits brought by the company against the
Nationa/1 Telephone Manufacturing Co. and the Century Telephone Co. to restrain them from selling, using or making
telephones vi ith the microphone attachment, upon the ground
that such use was an infringement of the so-called Berliner
patent. This patent Is the same that the courts held in
the case of the United States vs. Bell Telephone Co. was not
invalid on account of delay at the Patent Office. The present decision holds that the patent is invalid for the following
—
reasons
1. Becauseon June 4. 1877, Berliner had not made the Invention
covered by the patents Issued on Nov. 17, 1891.
2, That the invention described in the patent is radically different
from the invention described in the application.
3, That the Invention was previously (in 1880) patented by Berliner.
4. That Berliner's amended application
application of July 20, 1877.
is
anticipated by Edison's
The case may be appealed, and should it be finally decided
against the company, the position of the latter it is claimed
will not be materially effected, the excellence and extent of
its service being already its chief protection against serious
competition.— V, 72, p. 392, 138.
American Light & Fuel Co.—8ale.—Oa Jan. 25 there were
sold in Jersey City by order of the trustees in dissolution
200 shares of preferred and 700 shares of common stock of
the Sing Sing Gas Manufacturing Co. and 1281 shares of
the Brocton Gas Light Co., the whole netting .^70,800.
AuerSamuel B. Lawrence is President and Davies, Stone
bach, attorneys.
American Linseed Co. Mortgage.— The company has executed a mortgage to the Morton Trust Co., as trustee, to secure $6,000,000 of 5 p. c. gold notes, dated Feb. 1, 1901.
These notes were recently sold to Blair & Co. The mortgage
covers all the company's plants, 5,000 shares of the capital
stock of the Great Eastern Elevator Co.. 5,000 shares of
American Fast Freight Line and 2,500 shares of the Grove
Linseed Oil Co. It also provides that as collateral security
the company shall keep on hand an amount of cash and warehouse receipts for linseed oil, flax seed, oil cake and meal
equal to the face value of the outstanding notes. The mortgage also provides as follows
The entire net eamirgs of said company, less such amount as the
board of directors shall determine necessary to reserve for working
capital, shall be used and applied for the payment and redemption of
&
:
the notes.
The notes are due Feb. 1, 1906, but are subject to call for
redemption at par on any Feb. 1 or Aug. 1. V. 72, p. 392, 340.
option expiring March 1.— See V. 72, p. 283, 137.
American Sheet Steel Co.—See United States Steel CorSt. Louis & San Francisco RR.— See Kansas City Fort poration below.— V.
72, p. 89.
Scott & Memphis RR. above.—V. 72, p. 284, 242.
American Smelting & Refining Co.— Official Statement.-Sea Coast RR.- Change in Control—See Atlantic City Ry. Referring to the allegations in the suit filed last week, Presiabove.— V. 66, p. 1002.
dent Nash has made the following statement:
Southern PaciflcCompany.— Lisfed.— TheNew York Stock
The company's annual business amounts to $75,000,000, It Is borrowExchange has listed |1, 000,000 additional two-five year 4^^ ing only $5,000,000. None of this matures until April, and then only
in cash.
per cent collateral trust mortgage gold bonds of 1905, making $-150,000, and it has on hand subject to check il.cOO.OOn The
comThe remainder matures at later dates upon time paper.
the total amount listed to date $11,000,000. This jfl l,00U,C0l) pany could liquidate its entire debt in 30 days without luconveDience,
is a portion of the |15,000,000 bonds authorized to be issued
using only Us Kold and silver or u^ing only its copper and lead on
simultaneously with the deposit with the trustee, of the hand, since, while its debt in $5,000,000, its quick aesets amount to
stock certificates and coupon bonds described in the abstract over$l4,000,OCO.
The company's net quick assets over all indebtedness, repreof the mortgage in V. 71, p. 1314.
sented by gold and silver, copper and lead, is iipprixiuiately $9,000,Guaranteed Bonds.— See Central Pacific—V. 72, p. 281, 284, 000. The company has ii.creaeed its original working oajiital to this
amount
earnings, besides paying otT $l,'.f0X>00
287, 340.
Southern Rj.—Plan Operative.— See Mobile & Ohio RR.
above.— V. 72, p. 242, 284.
Texas & Pacific Ry.— In Possession.— Possession of the
Texarkana Shreveport & Natchez was taken on Feb. 9.— See
V.
72, p. 334.
—
by accumulation of
morteage bones, subject to which
it took over its plant*, and having put $^,OCO,000 into new construction,
.A.Krn
Its net earnings for the year ending Got, 31, 1900, exceeded $4,5ro,OOu. For the months of November and December. 1900. tUey exceeded $l,V00.OuO. The January earnings are not yet In. Tlie planta
and property of the company were never in better con-Utiou; its earning capacity was never no great; its prospeets of a protltable buslnete
were never so good and lis tinancial condition was never stronger.
of
———
—
THE CHRONICLE.
440
[Vol. LXXII.
—
Capital,— It appears that under the New Jersey law a
is unable to sell its treasury stock for less than par,
but may use it to buy property. Consequently, to obtain additional funds, the American Company, it is understood, has
acranged that of the proposed issae of $35,000,000 of stock
to be paid to M. Guggenheim's Sons for their properties, the
Ouggenheims shall re-sell to the directors and stockholders
of the company some $10,000,000 at 90 for the preferred and
50 for the common, the proceeds to go into the company's
treasury.— V. 72, p. 393, 341.
Covington (Ky.) ttas Co.— New President. Col. James C.
Ernst has been elected President. The North American Co.
interests, it is stated, are preparing to transfer the property
and the property of the old Suburban Electric Co. to a new
company to be known as the Covington & Newport Gas &
Electric Light & Heating Co.— V. 72, p. 186, 89.
(Wm.) Cramp & Son's Ship & Engine Building Co.—
Deal Reported <Jff.—The negotiations involving this coaapany, Vickers Sons & Maxim and the Midvale Steel Co.,
looking to a union of interests, are reported to have beea
American Steel Hoop Co.— See United States Steel Cor- broken off.— V. 72, p 139.
(J. A.) Fay & Egan Co. of Cincinnati.— The company has
poration below.— V, 70, p. 1293.
declared a dividend of
cent on its preferred stock and
American Steel & Wire Co.— See United States Steel Cor- a deferred dividend ofl^perper
cent. This clears away all
1^
poration below.— V. 72, p. 392, 284.
of the accumulated dividends. At last accounts there was
American Tin Plate Co. See United States Steel Corpora- outstanding $1,000,000 each of common and 7 per cent cumulative preferred. See V. 70, p. 586.
tion below.— V. 72, p. 185, 138.
Federal Steel Co.— See United States Steel Corporation
Armonr & Co.— Purchase. This company, or interests
identified therewith, recently purchased from E. T. Earl all below.— V. 72, p. 285, 139.
his holdings in the Earl Fruit (Shipping) Co. and in the ConGas Co. of Paterson, N. 3 .—Incorporation. This comtinental Fruit Express Co., the latter owning, it is said, pany has filed articles of incorporation in New Jersey. Auabout 1,600 refrigerator cars employed in transporting fruit thorized capital stock, $600,000, of which $3CO,000 has been
from California to the Eastern markets. The total ship- subscribed; par value of shares $50. An ordinance giving
ments of citrus fruits from that State this year, it is claimed, the company a franchise has been introduced in the Board of
will reach nearly 25,000 car-loads, there being engaged in this Aldermen. Public buildings are to be lighted free and the
service the 1,600 cars now sold, 1,500 belonging to the Santa city is to have the right to buy the plant after twenty years.
Fe line and about 3,900 owned by the Fruit Growers' ExGreat Western Cereal Co. Prospectus. The prospectus
press, owned by the Armours.- V. 70, p. 843,
of this company, promoted by O. C. Barber, provides for the
Beloit (Wis.) Water Works Co.— Appraisal.—The prop- issue of $1,500,000 6 per cent 20-year sinking fund gold bonds
erty has been appraised at $255,000, but it is thought doubt- and $3,000,000 of stock, in order to absorb ten companies having a capacity of 6,000 barrels per day, which is stated to be
ful if the city will purchase at that figure.— V. 71, p. 1222
50 per cent of the cereal output of the country. Contracts
Carnegie Co. See United States Steel Corporation below.
have been closed for the purchase of the following concerns:
V. 72, p. 393, 341.
Akron (O Cereal Co., Muscatine (la ) Oatmeal Co H. R. Heath &
Central Coai & Coke Co. of Kansas City.— Lfs^ed. —The Sons, Fort Dodge. Iowa; Nebraska City (Neb.) Cereal Mills; Steward
& Merriam. Peoria; Sioux Milling Co.. Sionx City; David Oliver,
New York Stock Exchange has ordered to be listed on Jollet,
111.; Pillsbury- Washburn oatmeal business, Minneapolis; NorthMarch 1 $375,000 additional 5 per cent cumulative preferred western Cereal Co Cedar Falls, la.; also several valuable elevators
stock and $375,000 additional common stock, making the and cleaning houses.
total amount of preferred stock listed $1,875,000 and of comThe directors and officers, it is said, will include:
Directors— O. C. Barber, Edwin Gould, Joy Morton, Henry L. Little,
mon stock $1,875,000.— V. 71, p. 1015.
L. O. Miles. F. P. Sawyer, H. R. Heath, H. B. Steward, David Oliver
Central Oil Co.— Repait.—The report for the year 1900, it Jr., Giles W. Brown, W. A. Dugane, Dr. S. G. Stein and J. W. Heywood.
Nfitc
company
—
—
—
—
—
,
)
,
shows gross earnings .1:382,283, against $367,505 in
net $260,557, against $232,628. The Old Colony Oil Co.
acquired July 5, 1900.—V. 71, p. 283.
is stated,
1899
was
;
Central Sugar Co.-Beet Sugar Factory.—Th\s company
is reported to have been incorporated with $2,000,000 of
authorized capital stock, of which $1,000,000 paid in, to build
and operate a beet sugar factory at Shelby, Ind. George W.
Oase, 2753 Michigan Ave., Chicago, is President; John F.
Officers— Chairman. O. O. Barber; President, Frank P. Sawyer; First
Vice-President, Joy Morton; Second Vice-President, Henry L. Little;
Treasurer, Lucius C. Miles; Secretary, David Oliver Jr.
It is estimated the new company will have $1,250,000 of
working capital and net earnings of $500,000 yearly.
Hartford Carpet Corporation. Consolidated Company.
This company has been organized under the laws of Connect-
—
icut with $5,000,000 of authorized capital stock, in shares of
$100 each, $2,000,000 thereof being 7 per cent cnmalative
TuUy is Secretary and C. W. Shriver is Treasurer.
preferred, as a consolidation per plan in V. 72, p. 90. 139, of
Columbus & Hocking Coal & Iron Co.— Listed.— The New the
E. S. Higgins Carpet Co. of New York and the Hartford
York Stock Exchange has listed $300,0C0 additional common Carpet
Co. Robert P. Perkins. New York, is President;
stock, making the total listed to date $5,000,000. The stateGeorge Roberts, Hartford, Vice-President; George S. Squire,
ment made to the Exchange says:
New York, Treasurer, and O. M. Beach, New York, Secre-
During the past year the management has been engaged
In opening
a new coal mine, ooDeisting of a tract of fully 1,500
acres of the "Big Vein" coal. The coal Is now being shipped from the
new mine, which, shortly, viilX more than double the company's recent
output. The cost of the work above referred to has been great, and
the stock now desired to be listed has been Issued to pay for the same
in part.
up and
fitting out
^arm'jigrs.-Results for the nine months ending Dec. 31, 190O,
were: Gross earnings, $411,159; net, $58,841; fixed charges,
$39,187; balance, $19,654. -V. 72, p. 341, 243.
Colnmbns
(0.) Edison Co.— Stockholders of record March
are offered the right to subscribe until March 15 for
6J^ per cent of additional preferred stock at par, the proceeds ($47,C00) to be used in enlarging the plant. The authorized capital stock is $8CO,000, of which $350,000 is 6 per
cent prtferrf d.— V. 70, p. 40.
1
tary.— V.
72, p. 285, 139.
Kentucky Wagon Co.— The shareholders will vote March
4 to increase the capital stock from $848,000 to $1,000,000,
in order to retire bonds due June 1, 1901, and for other
purposes. The new stock ($162,000) will be offered at 150 to
the company's shareholders. There are also outstanding
$140,000 bonds due July 1, 1923, but subject to call $20,000
yearly at 105, beginning in 1904.
EnoxTille (Pa. ) Land Improvement Co.—Mortgage Bonds.
—The shareholders will
vote, at the office in the Borough of
Knoxville, on March 18, on a proposition to increase the indebtedness frona $477,000 to $1,000,000, and to issue bonds
therefor secured by a mortgage upon the property.
Leiiigh Coal & Navigation Co.— Re-elected.— At the annual meeting on Feb. 26 the old officers and directors were
re- elected.- V. 72, p. 389.
Conneant Waterworks & Supply Co.—Sold.— On. Feb. 15
the property was purchased at receiver's sale for $80,000 by
W. H. Lamprecht and James R. Garfield of Cleveland
Locust Gap Improvement Co. Reduction of Stock. The
There were outstanding at last accounts $125,000 of 6 per shareholders will vote March 27 on decreasing the capital
cent bonds.
stock to $554,370 85.—V. 70, p. 897.
Consolidated Gas Co. of New York.— Lwfed.—The New
Manhattan Typewriter Co.—Successor Company.— See
York Stock Exchange has listed the $900,000 additional cap- Standard Typewriter Co. below.— V. 70, p. 1294.
ital stock, making the total amount listed to date $73, 177,100.
National Carbon Co.— iZeporf.— The results for the years
The proceeds of the additional stock "will be used for ac- ended Jan. 31, 1901 and 1900, compare as follows
quiring the stocks, bonds, or other obligations, properties or
Dividends Additions Depreciation Doubtful Balance
Net
Fiscal
franchises of other gas or electric light companies, or for
account.
accounts,
surplus.
7% on vef. to plants.
year.
earninas.
1900-01..$508,739
$315.00D
$150,009
$1,456 $12,283
making improvements upon the property of this company."
451,087 315,000 3<i,179
63.149
1,414
35,945
The balance sheet of Jan. 31, 1901, is given under the head- 1899-00..
V. 70, p. 428. 432.
—
ing " annual reports." Under previous applications the ExNational Salt Co.— Guaranteed Certificates. In response
change anthorized the listing of stock to an amount not exto a request from the New York Stock Exchange the comceeding $72,277,100, of which amount $71,631,300 has heretopany has published a supplemental statement in reference to
fore been issued the remainder, $645,800 being reserved to
of the American Tru^t Co. issued in connecbe issued in exchange for debenture bonds of the company, the certificates
tion with the purchase of the United Salt Co. of Ohio (see V.
as they may be presented.— V. 72, p. 243, 188.
The National Salt Co., in this supplemental
72, p. 286, 186).
Consolidated Lake Superior Co.— Listed.— The Philadel statement, admits the integrity of those certificates and exphia Stock Exchange has listed $3,742,900 of the full-paid plains that they were issued, together with certificates of inpreferred stock.— V. 72, p. 393.
debtedness of the National Salt Co., to guarantee the payConsolidated Rubber Tire Co.—Meeting Adjourned.— The ment of dividends on the stock of the company which had
meeting of stockholders to vote on decreasing the capital been given in exchange for the stock of the United Salt Co.
stock has been adjourned until March 22. —V. 72, p. 393, 341.
V. 72, p. 286.
Consumers' Brewing Co. of Pblladelpiiia.—5a/e PostNational Steel Co.—See United States Steel Corporation
poned.— The foreclosure sale has been postponed till May below.—V. 71, p. 915.
2l8t at the request of the reorganization committee.—V. 71.
National Tube Co.—See United States Steel Corporation
p. 1313.
below.— V. 72, p. 286. 91.
—
:
—
;
—
V
— —
:
:
March
THE CHRONICLE.
2, 1901.]
Nebraska Loan & Trust Co. of Hastings, Neb —Liquidation,— The directors, having decided that it is best for the
company to go into liquidation, the United Sta'tes Court has
appointed James N. Clarke, late President of the company,
receiver.
New Albany Water Co.— Confroi.— A majority
of the $250,capital stock was recently acquired by the interests controlling the new Indiana Water Co., and W. H. Barron
of Chicago has become President. John Tevis and B. Lindsay Fitch of Louisville are interested.
OOO
New York & New Jersey Telephone
the year ended Dec.
pare as follows:
QroiS
Oat.
Year.
E irningt.
1900....$2,*<27,48l
1899.... 2,331,368
- V. 72, p. 244.
i^o.— Report.— For
the results,
31, 1900,
is stated,
it
com-
Net
Earninya.
0h,ar(/e8.
$80<,876
763,176
$174,731
141,536
Fixed
Dividends
Paid.
$490,650
39!j,850
Balance,
Surplus.
$143,496
222,770
in various localities. An advertisement says
The ooraoany will mine tke valuable tin depoalte owned by It In
South Dakota, 7 miles from Iron Station, on the Burlington & MisBourl River RR., which railroad will eoon be extended through the
Sroperty. The company will erect custom concentrating nlants In
outh Dakota and smelttnK and reduction works at Niagara FalU. The
capital stock is $1,000,000, of which $200,000 Is 6 percent cumulative preferred stock; par value of shares $10, full paid and nonassessable 3,000 shares of the preferred stock are now offered at par,
with a bonus of two shares of common stock.
:
;
President, and Vice-President Allan G.
St., New York, is the fiscal agent.
is
Macdonell, 63 Wall
—
Nonantnm Worsted Co.— Sold, This property was sold
under foreclosure at Newton, Mass., on Feb. 23 tor $199,500
to S.
Eugene Ames
of Boston.
Old Dominion Steamsliip Co.— Directors.-The following
have been elected to the board
John Skelton Williams, President of the Seaboard Air Line; Samuel
Spencer, President of the Southern Ry..and P. J. Kimball, Chairman
of the board of directors of the Norfolk & Western.
Mr. Spencer represents shares htjld by the late Collis P.
Huntington. The Seaboard Air Line and Norfolk & Western have long been represented in the management. — V. 66,
p. 1090.
—
Fatten Yacnnm Ice Co. New Enterprise This company
has been incorporated in New Jersey with $10,000,000 of
authorized capital stock in shares of $100 each, of which
$1,000,000 paid in has bten subscribfd as follows: Oakleigh
Thome.
James
$100,000;
K. Wood, $300,000.
Paterson & Passaic Gas
Pater8on.--V. 71,
&
B. Dill, |300,000,
£lectric
and Howard
Co.—See Gas
Co. of
p. 1273.
Pennsylvania Farnace Co.— Reduction of Stock.—The
shareholders voted to reduce the capital stock from $3,000,OOO to $2,100,000.— See V. 72, p. 245.
Pennsylvania Salt Mannfactaring Co.— New Stock.—The
shareholders will vote April 24 on increasing the capital
stock.-V. 71, p. 915
Plioenix Consolidated Copper Co.— Listed in Boston.—
The capital stock, consisting of 100,000 shares of $25 each
(18 per share paid in), has been listed on the Boston Stock
Exchange. The property consists of 2,520 acres of mineral
land in Township 58, Keweenau County, Mich., formerly
owned by the Phoenix, St. Clair and Garden City companies.
John R. Stanton is President.
Sherman-Worrell Frnit Co.— Stock OJered.— This company owns the fruit ranches at Newcastle, Cal., formerly the
property of Sherman Bros. also their manufacturing busi
ness and their inventions "for the concentrating of ripe frnit
into permanent solid form without preservatives or acids."
;
An
advertisement says
The company is incorporated under the laws of New Jersey and lt«
capital slock Is $2,000,000, of which $700,000 Is 6 per cent preferred
cumulative par value of shares $10. To provide necessary capital,
30.000 shares of preferred stock are offered at par. With each ten
:
;
shares of preferred five shares of common will be given as a bonus.
Elisha B. Worrell, Boston, is President
Daniel F. Sher;
man, Chicago, First Vice
Pres. Robert B. Sherman, Newcastle, Cal.; Second Vice- Pres.; Albert Scudder, Pemberton
;
Building, Boston, Treasurer.
Soatliern Car & Foundry
Co.— Memphis Plant.—The
"Railway & Engineering Review" says: "The Memphis
Car & Foundry Works, located at Biijghamton, a suburban
town of Memphis. Tenn., will be put in operation the first
week in March. The Southern Car & Foundry Co. bought
these works about twenty months ago and put them in good
shape for operations."— V.
72, p. 143.
United States Steel Corporation,— Jnco/pora^ton.-This
company on Feb.
of the new common and preferred shares, to pay
for the capital stock.
Thecompany will control the Carnegie Co. the Federal Steel
Wire Co., the National Tube Co.,
Co., the Americao Steel
the National Steel Co., the American Tin Plate Co., the American Steel Hoop Co. and the American Sheet Steel Co., and
possibly later on the Rockefeller ore and transportation inA large sbart- of toe
terests and the American Bridge Co.
mining property owned or controUel by the Lake Superior
Coneolidated Iron Mines Co. (the Rockefeller company) is
already being worked by coiicerns identified with the new
corporation.
,
&
25 filed articles of incorporation in New
Jersey preparatory to carrying out the plan of J. P. Morjran
& Co. for amalgamating the leading steel companies of the
Central West. The company will be authorized to issue
1 150,000,000 of 7 per cent cumulative preferred stock, $450,000,001) common stock and $300,000,000 of 5 per cent mortgage gold bonds. Of the authorized stock Issues there will
be reserved in the treasury $50,000,000 each of common and
p referred. All the $300,000,000 bonds will be used to acquire
the Carnegie property, viz.. $160,000,000 to retire the $Ui0.000,000 bonds and $140,000,000, together with certain
&
Co. announce th%t the following am unts
Morgan
stock will be off:rred in
preferred and new comm
exchange for each $100 stock of the old companies:
New 7 % New
J. P.
m
new
com.
pref.
$il6
Federal Steel preferred
do.
—
44:
amounts
of
Niagara Tin Smelting Co. New Enterprise This company claims to own valuable tin deposits in South Dakota,
tin being one of the few metals not at present produced in
this country, although small amounts of it have been found
Robert Avery
:
common
American Steel
do.
<fe
V^lre preferred
,
common
flo.
...
National Tube preferred
125
common
do.
National Steel preferred
common
do.
6^5
American
125
125
20
100
common
Steel
Hoop
do.
Amlercan Sheet
preferred
common
125
100
Steel preferred
100
common
do.
125
125
American Tin Plate preferred
do.
4 $107ia
II712
102>s
100
•'As to the stocks of the last four companies, the aggregate
of stock so to be offered was arranged with the principal stockholders of those companies, who have requested
the distribution of such amount among tbe four companies
to bi made in the percentages as stated."
The present capital stock of the coQstituent companies (except the Carnegie C).) and the new stock to be issued in exchange therefor are as follows
amount
.
Preftr red Stock.
,
Common
.
SU>cl<.
.
New.
Old.
New.
^58,^HC,900
Co. 40,W),(X)0
»e0,44i,36«
t46,484..3fl0
$49,670,627
47,00,000
.50,')00,00
National Tube Co
National Steel Co
40,010,00)
27,000,000
53,520,00)
40,300000
33,7.iu,0 '0
American Tl a Plate Co ....
American Steel Hood Co...
American Sheet Steel Co...
)8,.'5<5,«0J
2x.60'<,250
3iJ.OOO,000
irM.OOo.OOo
Old.
Fefieral Steel Co
American Steel A
Wire
Totals
)
5l.250,(,00
14,000,000
11.0i)0,i,00
24,.^00,000
24,500,000
19,000,000
24,600,000
50,010,000
40,000,000
35,000,000
19,000,000
24,500,000
$217,085,900
$261,722,312
$239,984,3)0
$289,720,627
of the present iS3U3 of §100,000,003 new
common and the same amount of new preferred (viz., about
.$138,000,000 preferred and .$130,000,00 J common) will be issued
in part payment for the stock of the Carnegie Company, for
consolidation expenses, etc. The interest charge of the new
company will be $15,000,000; preferred dividend charge,
The annual earnings of tbe combioed proper$28,000,000.
estimated, will aggregate about $100,000,000.
ties, it
is
The bonds of the constituent companies were shown Feb.
16 on page 341. The interest on these bonds (except the
Carnegie bonds, which are to be retired) and on the
$5,630,000 steamship bonds guaranteed by the American
Wire Co. (if issued) will be deducted before the earnSteel
ings of the United States company are computed; it is therefore omitted from the latter's statement of fixed charges.
syndicate has subscribed $200,000,000 to ensure the
carrying out of the plan.
statement understood to be inspired by those conducting the deal was published in the
" Boston News Bureau " on Monday. It says in part
Some part of the $200,000,000 subscribed will be called up to make
organization and to furnish what new capital may be required, not for
Itself primarily, but for the companies for which it wUl be responsible
when it takes majority control. The unification of these iron and steel
Interests through majority control In such a voluntary association as
is the United States Steel Co. wUl make unnecessary the duplication
of plants and the raising of a large amount of new capital.
Instead of $1.50,000,000 or $200,COO,000 of new capital for the destruction of existing industries, $30,000,000 or $40,000,000 of capital
may be paid in for their unitlcation and harmonious operation and
whatever expansion may be necessary for the sub-companies, each in
its own field.
We understand that tne bankers may get during the
next 18 months preferred stock at par for any money furnished and
a 100 per cent bonus in common stock.
The remainder
&
A
A
It appears, therefore, there will be no new securities to be
absorbed by the public except as new money may be furnished and this new money will be less than would have
been required had the companies gone into general competi-
tion.
—
Properties to be Controlled, Some idea of the vast interests
included in the deal may be gained from the following unofficial, though said to be trustworthy, statement:
The company will own or control 78 blast furnaces. 149 steel works
and 6 finishing plants. This includes bar mills, structural steel and
platemllls, tin plate works, sheet mills and wire rod and nail mills.
tons.
The annual capacity in finished material is about 9,000,0
The company will own Lake Superior Iron mines which produced
It has 18,300 coke ovens,
70,830 acres of coal land and about 30.0:0 acres of surface lands in
the coke region. Its lake fleet will number 66 vessels. Wnen the
Rockefeller ore and vessel Interests are absorbed, which, It is said, will
probably be done later, the iron ore oapaoltv will be inoreasad abont
2.000.000 tons a year, and the number of lake vessels by .-iP. making
12.1 large ore-carriers In all.
A conservative estimate of the number
of men employed by the company's various Interests puts It at
125,000.
The capacity of the 78 blast furnaces is stated as upward of
8,500,000 tons of pig-iron a year, or half the pig-iron output
of the United States in 1900.
Circular. An elaborate circular giving full particulars regarding the new company and the terms offerei 1 1 the various
interests concerned it is expected will be issued in a day or
last year nearly 11,000,000 tons of ore.
—
two.
f^Vor otber iBTeMnaeBt News ••« Pace 444.
THE CHRONICLE
442
[Vol. LXXII.
un& ^ocxxmtnts.
jepr0rt$
NORTHERN CENTRAL RAILWAY
FORTY-SIXTH
COIVIPANY.
ANNUAL REPORT, FOR THE YEAR ENDING DECEMBER
Baltimore, Md., February 18th, 1901.
To the Stockholders of the Northern Central Railway Co :
The Board of Directors herewith submit their report for
the year ending December 31, 1900, with such data relating
to the Hues embraced in your System as [will give a clear
understanding of their physical and financial condition.
The mileage
" of the System is as follows:
Miles.
145-41
Koad owned
Lines Operated Under Contract—
Company
Rookvllle Branch Pennsylvania Kallroad
Lykens Valley Kallroad
Shamoktn Valley & Pottsville Railroad
Elmlra & Willlainsport Railroad
Eluira & Lake Ontario Railroad
2-83
19-29
...
1900.
CAR TRUSTS.
None
Car Trusts sub-let by the Pennsylto this Company matured during
of the series of
vania Railroad
the year.
Company
Cost of oars sub-let from Pennsylvania Railroad Company under existing Car Trusts
$183,262 50Payments made account of the same during
„1900
$27.365 08
Portion applicable to interest and other charges 9,038 83
Balance applicable to reduction of principal... $18,326 25
Total payments account principal
18,326 25
Amount of certificates outstanding December
3842
*
31,
3l8t, 1900,
covering 270 cars sub-let to Northern Central Ry. Co... $164,936 25
75-50
99-61
Total Mileage Operated Under Contract
235"65
Total Mileage Operated
381-06
PERCENTAGE OF OPERATING EXPENSES TO EARNINGS.
1900.
70-07 per cent.
1899.
Decrease.
2-96 per cent.
73-03 per cent
GENERAL INCOME ACCOUNT.
Fob the Year Ending December 31, 1900, and Comparison with
Year 1899.
All Lines Operated Directly by the Northern Central Railway Co.
Earnings—
$
$
6,029,32175 6,457,650 04
1,302,795 82 1,223,164 34
141,157 96
12S,772 45
From freight traffic
From passenger traffic
From express
Inc. or Dec,
L899.
19C0.
traffic
$
571,671 71
/. 79,631 48
J. 12,385 51
/.
TONS,
TONNAGE MILEAGE, AND FREIGHT TRAIN MILEAGE.
Tons
Moved.
17,032,280
1900
1899
Tonnage
*Freight Train
Mileane.
Mileage.
17,-^35,927
1,095.295,338
1.132.468,350
203,647
37.172,962
Decrease
Percentage of Decrease...
118
p. c.
3-28 p.
c.
2,75a.527
2,940,881
187.304
6-37 p.
c.
From
transportation ol
malls
From mlBoellaneo us sources
Gross EARNINGS
94,418 32
329,412 10
94,602 37
277,533 69
7.845,41159 7,233,417 25
Expenses —
For maintenance of way
and Btraotures
1,033,776 08
904,937 53
For maintenance of equipment
1,321.592 63 1,280,744 51
For conducting transportation
3,015,599 74 2,975,750 47
For general expenses
126,569 03
121,46147
J.
JJ.
/,
184 05
51,878 41
Inc. oxer
128,838 55
J.
I.
40,848 12
/. 39,849
/. 5.107
27
56
5,497,537 48
5,282,893 98
I.
214.643 50
Net Earnings
2,347,874 11
1,950,623 27
J.
397,350 84
412,495 67
J.
126,733 33
20,529 86
33,10030
28,640 30
D. 2,945 86
J.
RR.
Co., proportion of
loss in operating Elmlra
<& Canandalgua Dlv....
Gross Income
From which
13,640 07
66.983 08
632,193 67
533,108 91
2,980,067 78
2,483.632 18
/.
616,385 00
754,055 00
2>.
15,466 39
19,265 08
509,035 81
88,796 48
9,052 57
21,365 09
D. 63,343 01
J.
99,084 76
496,435 60
deduct:
Interest on funded debt..
Interest on mortgages
and ground rents
Interests on car trusts...
Rentals, leased roads.....
Taxes
Sand y expenditures
137,670 00
5,898
19,265
72,501
2.13,088
J. 1,019
JD.
/.
436,533 88
75.708 CO
8,033 45
J.
70
08
93
48
12
Extraord'y expenditures
not properly chargeable
to Capital Account
397.925 70
Advances to Elmlra &
Lake Ontario RR. Co...
26,582 94
44,310 31
D. 17,727 37
1,682,509 97
1,409.555 07
1.272,954 90
1,297,55781
1,074,077 11
/.223,48070
1900.
1899.
Ots.
Ots.
Freight Train Mile.-..
Inc. over
1900.
1899.
Ots.
Cts.
0'550
218-967
0068
33-385
0-392
0-023
155-908
13-972^
0-158
63059
19413
iO-045
* Note.— Train mileage represents mileage of freight and passenger
trains only; all helping, shifting, or work train mileage and mileage
made by engines and cabooses without cars being excluded.
Earnings
Expenses
Net earnings
The coal tonnage of the main line in 1900 was 5,616,290 net
tons and in 1899 5,394,681 net tons, an increase of 332,609
net tons. The total coal tonnage to Baltimore was 1,173,051
net tons, an increase of 94,673 net tons.
The coal tonnage of the Lykens Valley Railroad was 580,254 net tons in 1900, and in 1899 621,753 net tons, a decrease^
of 41,499 net tons.
The coal tonnage of the Shamokin Division was 2,306.833
net tons and in 1»99 3,171,049 net tons, an increase of 135,784 net tons.
The aggregate movement of bituminous coal was 3,547,203
net tons, a decrease of 305,987 net tons, and of anthracite
coal 4,904.959 net tons, a decrease of 125,935 net tons as compared with the previous year. The tonnage of both classes
amounted to 8.452,162 net tons, as against 8,884.084 net tons
for the preceding year, being a decrease of 431,922 net tons
in the actual aggregate of coal transported, irrespective of
the number of divisions over which it was moved.
The amount of grain received at the elevators at Cantoa
was:
1900
1899
18.456.050 bushels.
22,719,677 bushels.
A decrease
69,549 34
.
NetIncome
MILE.
^Ptr Ton Per Mile.—. ^Ter
611,994 34
Total Expenses
To which add:
Interest on Investments.. 539,229 00
Interest
account,
exchange, etc
49,170 16
Interest on equipment...
30,154 44
Amount received from P.
AVERAGE EARNINGS, EXPENSES, AND NET EARNINGS PER
I.
328,376 36
From
this Net Income for the year
$1,287,557 81
the following amounts have been deducted, viz.:
Dividend of 3 per cent, paid July 14, 1900. $225,543 00
Dividend of 4 per cent, payable January
15, 1901
of
4,263,627 bushels.
of grain received at the local elevator No. 3
in the city of Baltimore during the year was 2,006,036
bushels, as against 2,019,852 bushels in 1899.
The principal items of tonnage, besides coal and grain,
were lumber, iron ore, manufactures of iron and petroleum*
The amount
PASSENGERS, PASSENGER MILEAGE; AND PASSENGER TRAIN
MILEAGE.
*Pas<ew</er-
Passengers
Moved:
4,321,459
4.102,828
458,490 00
684,033 00
190O
1899
Passenger
Tram
Mileage.
Mleage
59,520,774
57,962,651
1,657,000
1,650,31»
1.568,123
2-69 p. c.
6,681
0-40 p. o.
Balance transfeired to Extraordinary Expenditure
Fund
$613,524 81
Amount to credit of Profit
Profit realized from sale
and
loss Deo.
31,1899
ment
$2,464,731 92
stock and
of
other sources
Reduction In value of equip-
MILE.
$2,161,282 61
/—Per Pass. Per Mile.—.
Oomp. with
1900.
1899.
$815,415 86
464,596 00
CIS.
•
credit of Profit
and Loss
880,870 75
Balance to credit of Profit and Loss Deo. 31, 1900. .$3,345,602 67
.
Cts.
^*Per
Pass. Train Mile.—.
Inc. over
1900.
1899.
CIS.
Cts.
2-189
7.0-079
98176
6-202
2-024
72-696
/. O-lll
6-909
Expenses
0-165
2>. 0032
26-480
0693
Net earnings
* Note —Train mileage represents mileage of freight and passenger
trains only; all helping, shifting, or work-train mileage and mileage
made by engines and cabooses without cars being excluded.
Earnings
1,280,411 86
Amount transferred to
5-33 p. c-
AVERAGE EARNINGS, EXPENSES, AND NET EARNINGS PER
Reduction in value of securities
218,631
Increase
Percentage of increase
March
THE CHRONICLE.
2, 1901.]
GENERAL REMARKS.
There was a slight decrease in the movement of tonnage,
but by reason of the better rates obtained for the service
the earnings from freight traffic show a marked advance
over the preceding year, the gain being $571,671 71. There
was also a satisfactory increase in the passenger and other receipts, the aggregate gain from all sources being §611,994 34.
There was a material increase in the expenses in Maintenance of Way and Structures, and as liberal expenditures
were made in all departments the aggregate increase in expenses was $214,643 50, the result being an increase in net
operating earnings of $397,350 84. These earnings were augmented by income from investments and miscellaneous
sources, so that the gross income for the year was $3,980,067 78. After providing for the fixed charges, taxes, rentals
of leased roads and other liabilities, the net income was
$1,695,483 51. Against this there was charged the cost of
additional tracks and sidings, interlocking apparatus and
other facilities necessary to accommodate your increasing
business, and the premium paid on the redemption of the
ground rent on your Baltimore terminal properties, aggregating $397,925 70. This left a balance of $1,297,557 81, and
after paying the regular dividends of seven per cent,
amounting to $684,033, there remained a surplus of $613,524 81, which was transferred to the Extraordinary Expendthe compleiture Fund and will be applied toward
i;ion of your terminal improvements at Baltimore and
other expenditures not properly chargeable to Capital
Account.
The $300,000 set aside out of Income Account for 1899, as
an Extraordinary Expenditure Fund, was, with the exception of a small outlay for right of way, expended in the
completion of the hay warehouse on Monument Street and
the large storage warehouse at the foot of Bond Street,
Baltimore, and in the extension of two freight sheds from
Monument to Centre Street, in that city, which furnish
greatly improved facilities for the handling of trafKc at Calvert Station.
The Capital Account was increased during the year by the
sum of $370,000, beinsr the cost of additional real estate purchased for terminal facilities at Canton, Baltimore. With
the view of placing the valuation of the equipment upon a
thoroughly conservative basis, the cost of the same was reduced on the Balance Sheet by the sum of $815,415 86. This
item, together with the reductions made in the value of
your Elmira & Lake Ontario Railroad and Mineral Railroad
& Mining Company stock, was charged against the premium received from the issue of additional capital stock,
the balance thereof being credited to Profit and Loss Account.
In accordance with the action of the stockholders at their
last annual meeting and at the special meeting held on the
27th of April last, the authorized amount of capital stock
was increased to the sum of $12,000,000 for the purpose of
providing funds to pay for §l,126,0l'0 six per cent bonds of
your Company which matured April
1st
and
$2,804,000 six
per cent bonds which matured July 1st, 1900. and for other
corporate purposes of the Company. In pursuance of the
authority conferred upon the Board of Directors an allotment of stock was made to the stockholders on the third
day of April, 1900, of one-third of their then holdings, at
the price of $70 per share, under which 50,098 shares were
issued. For the purpose of acquiring interests in other
transportation companies a further issue was made of 28,787
shares, so that at the close of the year the outstanding stock
was $11,462,400. A reference to the list of securities owned
by the Company will show the interests acquired, and the
result of the investments thus made has been quite satisfactory.
The bonds above referred to were paid at maturity, and
the Balance She't shows this reduction in the funded debt
and also the increase in the capital stock.
The bonds of the Union Railroad Company of Baltimore,
in which your Company is a large shareholder, amounting
to $600,000, having matored and been paid off May 1. 1900,
there is now no funded debt on that property.
Since the adverse decision of the Court of Appeals in the
litigation with the State of Maryland as to the exemption of
vour property from taxation under the Act of 1880, tiie case
has been taken by your Company to the Supreme Court of
the United States upon a writ of error. With the view
also of securing a judicial determination of the right of
The Financial Reriew (Annual) published at the office
of the Commercial AND Financial Chronicle is now ready.
It is a volume of some 300 pages, includiog a copy of the
Investors' Supplement bound up with it. It is an invaluable book for reference throughout the year.
Some of its contents are as follows:
Retroppect of 1900, giving a comprehensive review of the
business of that year, with statistics in each department, financial and commercial.
Bank Clearings in 190O, with comparisons for 20 years.
Record of Trauf actions on the New York Stock Exchange in
each of the past 10 years.
Listings on the New York Stock Exchange.
Money rates by months for past seven years on all classes
of loans.
Weekly Bank Statements in 1900.
Crop
Statistics for series of years.
413
your Company to discharge the eo-called annuity of $90,000
per annum now paid to that State, by the payment of the
full amount of the principal of the debt, to wit, $1,500,000, a
formal tender of this sum was made to the State, and upon
its refusal to accept the same legal proceedings were instituted on the thirty-first day of May, 1900. A decision having been rendered by the lower court adverse to your Company, an appeal has been taken to the Court of Appeals of
the State of Maryland,
In accordance with the terms of the Consolidated General
Mortgage, the amount of bonds outstanding thereunder was
redaced July 1st, 1900, through the operation of the Sinking
Fund, by the drawing of §165,000 of the securities issued
under Series A and B of that mortgage. As the proceeds of
the stock allotted to the shareholders were not sufficient to
entirely meet the bonds which matured April 1st and July
1st last, hereinbefore referred to, $200,000 of the four and
one-half per cent Series E bonds, secured by the Consolidated General Mortgage, were sold to provide the necessary
additional funds
The work of renewing the bridges and trestles was further continued during the year on the various divisions, 993
feet of steel and other permanent bridges being substituted
for lighter structures. The most important renewals were
on the Baltimore, Elmira and Canandaigua Divisions, where
four steel deck and half through girder bridges, respectively 171, 263, 206 and 119 feetin length, were built to replace
bridges of less substantial character.
There was a net increase of thirteen and one-half miles
of company tracks and sidings. There were 5,985 tons of
new steel rails and 219,081 cross-ties used in repairs and renewals, and additional sections were ballasted with stone
ana cinder.
Eight locomotives, having been sold or condemned, were
replaced by standard power. Two new combined passenger-baggage cars, two new baggage-mail cars and three new
baggage-express cars were built to fill vacancies in the pasThree hundred and sixty-eight
senger car equipment.
freight and five cabin cars were built to replace vacant
numbers and two cabin cars were built to increase the
equipment.
In pursuance of the pension scheme approved by the
shareholders at their last annual meeting, Mr. E. S. Young,
Division Ticket Agent of the Baltimore Division having
been retired as of January 1st, 1900, Mr. E. S, Harrar was
appointed Division Ticket Agent for the entire line. Mr.
G. W. I. Ball, Chief Conveyancer having also been retired
through the operation of the Pension Fund, the office was
abolished and that of Assistant Real Estate Agent created
in its stead, Mr. B. W. Carskaddon being appointed to the
latter position.
In accordance with the amended organization, Mr. P. B.
Prince and Mr. George Stuart Patterson were appointed
Assistant SolicitorsJFebruary 1st, 1900.
Mr. Holmes D. Ely, who had been appointed January 1st,
1900, Superintendent of the Voluntary Relief Department,
vice Mr. J. A. Anderson retired, having died suddenly May
25th, 1900. Mr. Spencer Meade was appointed Superintendent July 1st, 1900, to fill the vacancy thus created. Mr.
Matthias Homer was appointed Assistant Superintendent of
that Department on the first of January, 1900.
Mr. C. A. Preston was appointed July 1st, 1900, Superintendent of the Elmira and Canandaigua Division, to fill the
vacancy caused by the transfer of Mr. Meade.
Mr. G. W. Creighton, General Superintendent of your
lines, having been transferred to the General Superintendency of the Buffalo and Allegheny Valley Division of the
Pennsylvania Railroad, Mr. W. Heyward Myers was
appointed August 1st, 1900, to fill the vacancy thus
created.
Under the provisions of the Pension Department there
were 91 employes on its rolls December 31st, 1900. and the
compensation paid during the year amounted to $18,439 06,
being well within the sum of §20,000 approved by the shareholders for that purpose.
Your Board desire to express their acknowledgment of
the fidelity and efficiency shown by the officers and employes in the discharge of their duties during the past year.
By
order of the Board.
A.
J.
CASSATT,
President.
Iron and
Coal— Production
for a series of years.
Gold and Silver— Production for a series of years.
Exports and Imports for a series of years.
Foreign Exchange— Daily Prices in 189S, 1899 and 1900.
Government Bonds— Monthly Range since 1860.
State Bonds— Record of Prices since 1860.
Railroad Bonds and Stocks— Monthly Range of Prices for
five years.
Investors'
of Railroad and
Record of Earnings, Dividends, Opera-
Supplement— Description
Industrial Securities,
tions, etc.
The
price of the
Review
is $2.
William B. Dana Co., 76^ Pine
jJqtp Yorfc
Street,
comer Pearl
Street,
Copies may also be had from P. Bartlett. 1664 Monadnock
Block, Chicago; Edwards & Smith, 1 Drapers Gardens,
London.
THE CHRONICLE.
444
[Vol. LX2II.
Spanish Rlrer Pulp & Paper Co.— Stock Offered.—Th\6
company, which proposes to build extensive pulp mills on
the Spanish River in the District of Algonma (New Ontario),
Canada, is offering for subscription through the Trusts &
Guarantee Co. of Toronto $150,000 of 7 per cent cumulative
preferred stock at par, three shares ($300) of "full -paid"
common stock to be given as bonus with each two shares
(|300) of preferred. The authorized capital stock is $1,500,The provisional direct000, of which $1,000,000 is common.
The
ors, it is said, have taken half the preferred stock.
company has received valuable concessions of lands containing timber for making paper pulp from the Government of
Ontario. The President of the company is W. J. Sheppard,
of Waubaughere, and the Vice-President is M. J. Dodge, of
New York, holders of the same offices respectively In the
Georgian Bay Lumber Co.
Standard Typewriter Co.— Mortgage.— This company has
been organized with an ipsue of $550,000 first mortgage six
per cent 40-year gold bonds, dated Jan, 1, 1901, interest J. &
and $1,000,000
J., $375,000 of income mortgage bonds,
common stock. The company was organized under the laws
of New Jersey about Jan. 1 to take over the ;;bueines3, property and effects of the Manhattan Typewriter Co. (V. 70, p.
The company owns an extensive factory in Newark,
1294).
covering a city block. Nearly all the Manhattan securities
have been surrendered in exchange for those of Standard
Co. Edward W. Wilson, 96 Broadway, is President.— V- 70,
p. 1294.
SteelTlred Wheel Co.— Eic^ra Dividen'f. -An extra divi.
dend of 3 percent has been declared on the common stock,
payable at once. Thi3 is in addition to the regular dividend
of 6 per cent also declared, payable on the same stock in two
equal inttalments on April 15 and Oct. 15 to holders of record on March 29 and Sept. 29, respectively. The common
stock authorized is $2,000,000; preferred 6 per cent, $3,000,000.
The amount outstanding is less than $2,000,000 of the
common and less than $1,500,000 of the preferred. The preferred has received its 6 per cent per annum regularly (J. &
J.); dividends on the common stock aggregated 6 per cent
in 1900.—V. 66, p. 185.
COMMERCIAL EPITOME.
Friday Night, March 1. 1901.
the week has been the consummation of the
The feature of
deal consolidating large interests in the iron and steel trade
into the United States Steel Corporation. Business in iron
and
has been reported fairly brisk, the trade buying
and prices have shown
a tendency to harden. Reports from the dry-goods trade
have noted some improvement
business; still the demand,
particularly for cotton goods, has not been satisfactory for
the season of the year. In other lines of merchandise the
condition of business has been reported as fairly good, with
the outlook promising. The war revenue reduction bill has
been agreed upon in conference and allows for a reduction in
taxation, it is figured, of between $41,000,000 and $45,000,000.
Crop news from the winter- wheat belt has been generally
favorable, and advices from the South indicate that preparations are being made for the planting for a large cotton crop.
Lard on the spot has had a limited sale for export, but under moderate offerings prices have sagged, closing quiet at
7-70c. for prime Western and 7*40c. for prime City.
Refined
lard has eold slowly, and prices have weakened to 7'85c.
Speculation in lard for future delivery has been quiet, but
under moderate offerings, prompted by prospective large
supply of hogs, prices have been easier. The close was
steel
freely in anticipation of requirements,
m
quiet.
DAILT 0LO8IMO PBIORB Or LABD rVTV&KB.
Mon. Tties.
8at.
Wed. Thur$.
7-80
Febraary
March.
7-85
7-75
FH.
7-77
7-72
7-70
Pork has sold slowly, but prices have been well mainTelephone Telegraph & Cable Co. of America.— Execu- tained, closing at $14@14 75 for mess, $15 50@16 for family
tive Committee.— At the meeting of the t)oard of directors recently the following were elected as members of the Exec- and <:^14 5C@16 50 for short clear. Cut meats have been quiet,
exclusive of a limited export business, closing at 634@63^c.
utive Committee
Elberton R. Chapman, Oakes Ames, Daniel o'Day, Frank Tilford, for pickled shoulders, 9J^@9^c. for pickled hams and 7%@
William J. Latta, Frank M. Rlter, Charles W. Morse.
8^c. for pickled bellies, H@10 lbs. average. Beef has been dull
Henry R. Wilson was elected Vice-President, and as such and unchanged at $-i(aB 50 for mess; $9@10 for packet; $10@
The 11 50 for family, and $14@15 50 for extra India mtss. Tallow
is ex officio a member of the Executive Committee.
pregidtncy will not be filled until certain negotiations now has sold slowly and prices have weakened to 4%c. Stearines
under way are concludtd.— V. 72, p. 343, 187.
have been in fair demand and steady, closing at 7%c.@8c. for
7i/^c. for oleo. Cotton seed oil closed fairly
Tennessee Coal, Iron & BR. Co. Bonds.— The company is lard stearine and
steady
at 29J^c. for prime yellow. Batter has had
active
and
issue
of
bonds
provide
for
reported to be contemplating an
to
15@23i^c. for
improvements and the other needs of the property. The a moderate sale at steady prices, closing at
in fair demand and steady at 9}4@
Cheese
has
been
creamery.
amount of the issue is said to be undetermined as yet, but
\2%Q. for State factory, full cream. Fresh eggs have furmay be betwe&a $3,000,000 and $5,000,000.— V. 72, p. 187, 92.
:
—
Union Switch & Signal Co.— Report.— The report
for the
year 190O shows gross earnings $1,690,319, against $979,320 in
net over disbursements, including interest on bonds,
1899
balance,
$389,913, against $146,625 dividends paid, $79,726
$310,187. Total surplus Dec. 31, 1900, $839,741.— V. 70, p. 636.
;
;
;
United Telephone & Telegraph Co.— Acquisition.— The
company, it is stated, has secured a controlling interest in
the $200,000 stock of the Independent [Telegraph
phone Co. of Lancaster County, Pa.— V. 71, p. 713.
&
?]
Tele-
—
ther declined, closing at 17c. for choiceWestern.
Brazil grades of coffee have been active. Sentiment generally has turned favorable to the market, deepite large supplies present and prospective and on free buying prices have
advanced. Advancing rate of sterling exchange in Brazil
has been considered an important bull factor. The close
was steady at 1%c. for Rio No. 7. West India growths have
been in fairly active demand and firm at 9c. for good Cucuta.
East India growths have had a moderate jobbing sale at
steady prices. Speculation in the market for contracts has
been active on general buying and prices have advanced. The
close was steady. Following were the closing asked prices:
e-SSa.
6'45o. Oct
March
..... 6'25o. July
Utah Sngar Co.— Stock Dividend. A special stock dividend of 35 per cent has been declared, raising the outstanding capital stock from $735,000 to $992,000. The '*8alt Lake May
i
Aug
6'70o.
6-50o. Deo
6'50e. Jan
670o.
Sept
Tribune" quotes a director as saying that it is expected to June
Raw sugars have been freely offered and sales have been
continue paying a quarterly dividend of 3 per cent, notwithat lower prices, closing quiet at 4 3 16c. for centrifugal 96standing the increase.
Refined
89-deg. test.
TIrginia-Carolina Chemical Co.—The company is re- deg. test and Sf^c. for muscovado
staple groceries
ported to have purchased, through Irwin & Co. of Phila- sugar has been dull and unchanged. Other
delphia, at $130 a share, 5,700 shares of stock, a controlling have been steady to firm.
Kentucky tobacco has continued in fair demand and steady.
interest, in the Charleston Mining & Manufacturing Co.,
leaf tobacco has had only a limited sale, but prices
Seed
which owns, it is said, 2,700 acres of phosphate land located
held about steady. Sales for the week were 1,350
have
in Charleston, Berkeley and Colleton counties. South Caro200 cases 1898 crop, Wisconsin Havana,
as follows
cases,
lina.—V. 69, p. 232.
13c.; 4C0 cases 1899 crop, Wisconsin Havana, 12@14c.; 30O
cases 1899 crop, Zimmers, 14@15c.; 350 cases 1899 crop,
— C. I. Hudson & Co. have issued a special circular on the Pennsylvania seed, ll»^@12>^c., and 100 cases 1900 crop,
American Bridge Company, being circular number 6 on New Connecticut Havana, forced sweat, 40@65c,; also 500 bales
York "Curb" Securities. The circular contains names of Havana at 4r@60c. in bond and 150 bales Sumatra at 80c.@
properties and plants acquired, board of directors, executive $3 00 in bond.
committee, etc., and the latest facts relating to the affairs of
Straits tin has been quiet and easier. Large shipments
this corporation, with recent late quotations.
from the East have had a weakening influence. The close
Scott & Stringfellow, of Richmond, Va., have issued a was dull at 26'50@26'75c. Ingot copper has been quiet and
supplementary circular on the Chesapeake & Ohio Railway unchanged at I7c. for Lake. Lead has been steady at unCo., correcting certain criticisms and giving further data changed prises, closing at 4 371^^0. for domestic. Spelter has
weakened to 3'92i^@3'97J^c. Pig-iron has had a fair sale at
of interest.
6'35o.
6-400.
I
I
:
—
prices, closing at ia@16'50c. for domestic.
— Simon Borg & Co. advertise on page viii. a list of invest- steady
Refined petroleum has been unchanged, closing at 7"95c.|in
ment offerings consisting of first mortgage railroad bonds
Naphtha unchanged at
bbla., 5'40c. in bulk and 9c. in case?.
and several issues of State securities.
Credit bal9"55c. Crude certificates have been neglected.
—Farmers' Loan & Trust Company will pay dividends on ances have been steady at $1 28. Spirits turpentine quiet
a number of securities, list of which will be found in another and unchanged at 41@413^c.
Rosins have not changed,
column.
—Winslow, Lanier & Co. will pay dividends on
of securities,
list
a number
of which will be found in another column.
common and good strained. Wool has
had a moderate sale, but at prices favoring buyers. Hops
have been quiet but prices have held fairly steady.
closing at $1 60 for
.
March
p
.
THE CHRONICLE.
2, 1901.]
COTTON.
wcelc Feb.
445
In addition to above exports, our telegrams to-night alec
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messre.
22, page 448.
We
Friday Night, March 1, 1901.
The Movement of the Cbop, au indicated by our telegridms Lambert & Barrows. Produce Exchange Building.
from the South to-night, is given below. For the week ending
ON SHIFBOAKD, MOT OLBABBD FOB—
this evening the total receipts have reached 124,599 bales,
Leaving
against 123,668 bales last week and 125,640 bales the previous
Mch. 1 at—
OerOther Ooaitr
<Jreat
ttoek.
of
Sept.,
Total.
the
1st
1900,
FTnee
since
receipts
week, making the total
many. FoT'gn wise.
Britain
5,888,017 bales, against 5,506,026 bales for the same period of
5,150 8,479 9.510 1,632 38,131
316,698
1899-00, showing an increase since Sep. 1. 1900, of 381, '.i91 bales. New Orleans. 13,340
21.432 28,183 12,216 5,104 6,237 73,172
118,517
BTSee Item "Cotton
Statistics"
—
GalveHton
Beceipti
at—
Man.
8ai.
3,994
Galveston
Tuei.
7,435
7,073
Thurt.
Wed.
3,222
Toial
Pri.
6,131
3,817
30,722
498
Bab. Pass, &.o.
New Orleans...
6,668
64
Mobile
6,335
87
3,029
4,527
274
523
14
320
3,039
2,079
3,782
2,863
3,660
2,327
Bransw'k.&o.
Obarleston
3,515
3,526
121
150
625
1
430
494
601
61
291
866
Pt. Royal, Ac.
Wilmington....
287
403
417
207
Wash'ton.&c.
Nortolk
1,088
435
656
341
945
1,392
2,118
725
669
1,534
1,464
36
28
25
N'p't News, Ac.
New York
Boston
Baltimore
160
Phlladel'a, &o..
2,885
9,563
9,713
Pensaoola, &o.
Savannah
498
39,681
1,282
5,729
19,218
3,357
1,928
51
2,461
314
2,500
168
1,600
6,333
168
6,355
4.038
1,274
766
643
976
637
298
256
504
week 16,850 20,161 24,995 14,883 28,847 18,863 124, .599
The following shows the week's total receipts, the total since
Sept.l. 1900, and the stock to-night, compared with last year
Tot. this
TMm
Since Sep,
1, 1900.
Thit
week.
March, 1
week.
New
862
232,876
522
317,880
31.419
98,787
168,730
47,573
16,209
51
2,461
6,333
168
8,355
4,038
1,274
Yotk...
Boston
Baltimore .
PhUadel.Ao.
504
Since Sep.
1, 1899.
23,819 1,560,598
447
65,851
56,795 1,507,858
171,769
1,697
119,325
6.062
30,809 931,740
1,293
91,041
229,259
9,791
1,214
248,770
1,398
776
5
12,883 340,098
1.255
24,868
34,525
4,876
68,940
4,547
71,154
1,011
998
38,240
Galveston... 30,722 1,616,246
498
37,425
8ab.P.,&o.
New OrleanB 39,681 1,930,206
108,218
Mobile
1,282
P'8acola,&o.
5,729 123,007
Bavannah... 19,218 870,741
85,226
Br'wlck.&o.
3,357
1,928 202,090
Obarleston..
P.Boyal.&o.
Wilmington.
Wash'n, Ao.
Norlolk
N'portN.,&o
Slock
1899-1900.
1900-1901.
Receipts («
124,599 5,888,007 157,686 5,506,026
Totals
1900
1901.
191,689
....
144,231
.
354,829
25,121
374,212
18,995
...
76,100
1,087
9,671
.
.
141,141
4,727
34,925
..
4,901
14,778
20,832
2,816
39,913
8,167
135,908
37,000
13,823
7,981
911,510
975,801
141,640
75,000
7,824
In order that comparison may be made with other yeara,
we give below the totals at leading ports for six seasons^
BeeeiptM
at—
1898.
1899.
1900.
1901.
1897.
1896.
2,300
125
2,300
125
4,000
7,800
2,512
10,000
73.800
9,546
21,121
13,032
139,128
81,628
Total 1901..
46,59233,333 24,737 16,084 17,294 138,040
773,470
Total 1900..
Total 1899.
79,212 29,889
34.652 13,056
Savannah
....
Charleston...
Mobile
Norfolk
New York....
Other ports
4',6o6
800
—
682
455
1,281
23,703
13,765
11,239
91,128
150,717
95,266
85,286
Gtood Ordinary.
liOw Middling..
Since Sept. l 5888,007 5506,026 7259,516 7519,177 6035,476 4546,497
aood Middling.,
for the week ending this evening reach a total
of 126,682 bales, of which 46,077 were to Great Britain, 9,753
to France and 70,852 to the rest of the Continent. Below
are the exports for the six days and since Sept. 1, 1900.
Middling Fair..
MobUe
1,282
19,218
1,979
2,461
5,333
11 others...
23,257
1,697
30.809
9,791
1,403
12.883
1,265
18,787
Xot.thlBwk.
124,599
167,686
Ac
Wllm'ton, Ao
Otaaa'ton,
Norfolk
N. News, Ac.
168
The exports
Wuk BnMnt March
Conti- lotal
Ortat
franee
France
Brtt'n.
nent. Wt4k. Britain.
6.220
Sab. Pass. &o..
New Orleani..
8.680
Mobile
Peniaaola
....
0.832
9.220
25.857
43.889
3,100
2.160
5.260
3,856
15.670
19,B?6
4.881
1,831
Charleiton....
Port Royal....
Wilmington...
Norfolk
N'port N.. *o..
2,800
New York
10.631
Botton
Baltimore
12,777
Ptalladelpbia..
San Fran., &o..
Total
1. 1900. to Mch.
Bxvorted to—
.From Sept.
Qrtat
GaUeiton
Bavaunah
Brnntwlok
1. 1901.
MxvorteA to—
ETvorU
*rom—
i21
13.238
2,600
21,310
660.177 216.425
630.840 246,413
28.838
47.312 12,231
15J,035 28,899
42.348
69.673
Continent.
1.
1901.
2ot«i
883.863 1,240,470
20.479
20,470
483.543 1,380,796
iB.ewo
48.5:23
44,007
103,550
40L\80J 670,738
i2,«oa
54,951
66,656
13(3,329
84.590
132.461
217.061
1,68a
6.244
6.933
18,839
3,950
22,289
290.949
12.777
145,162
254.000
1,911
2,875
4.786
5».249
120
682
120
3.660
301
3,901
2.342
2.964
3,240
17,471
20,711
46.077
Total. 1800.00 116.203
9.763
15,671
130,116
1.763
32,817
255.753
92,0t 6
70,852 126,682 2,201.147 614,639 i!735,^4 4,451.530
17,830 "ie.691 219,314 1.581.979 580.735 1,929,681 4.092.844
7.57,534
673,905
.
12,690
27,197
2,138
14,893
3,328
1,745
10,777
Savannab...
21,521 218,267
27,412 122,021
,
24,172
29,424
5,632
12,715
3,453
1,413
4,237
24,266
56,795
87,645
46,901
m
80,774
67,092
4,915
20,895
6,333
2,374
3,949
31,220
39,681
7.606
i'iVo
4,000
Speculation in cotton for future delivery has continued on
a moderate scale only, with the undertone still unsettled.
Outside speculative interest shown in the market has been
small pending developments; consequently the operations
have been confined largely to transactions by regular traders.
The two principal factors operating against each other are
the demand versus the crop movement. The takings by
American spinners to date show a considerable shrinkage as
compared with the same time last year,
leading
many of the trade to believe that they are working
on very moderate stocks. On the other hand, however,
while the demand for cotton goods sbowssome improvement,
naturai.at this season of the year, it is far from satisfactory,
and this, coupled with the prices realized, appears to fix
more firmly the disposition among spinners to operate on a
hand-to-mouth basis. Advices from the Continent also have
continued to report quiet trade conditions. Eoglish spinners, however, feel the influence of the improved demand in
India, and are having a fair trade. The crop movement,
owing to small port receipts, has continued light and Southern holders, aside from limited offeriogs from the Southwest
of the lower grades of cotton, have continued to hold firm.
Advices received from the South indicate that preparations
are being made for the plantiag of a large crop. To-day
there was a lower market. Liverpool advices were disappointing, the interior towns showed much larger stocks than
last year, and the movement of the crop in the interior was
fairly full, all of which prompted selling, largely to liquidate
long contracts. The close was steady at a decline of 7@17
points for the day. Cotton on the spot has been quiet, closing
easier at 9 3- 16c. for middling uplands.
The rates on and oflf middling, as established Nov. 21, 1900,
by the Revision Committee, at which grades other than
tniddling may be delivered on contract, are as follows.
Fair
c.
on Strict Good Mid. Tinged. 0. 3,g on
Middling Fair
H on Good Middling Tinged
Even
i«on Middling Tinged
ig off
itrlot Good Middling
B,gon Strict Low Middling Tinged «8 off
aoodMlddllng
i« off
•Jtrlct Low Middling
^igofl Middling stained
LOW Middling
'le off Strict Low Mid. Stained.. lie off
Strict Good Ordinary
% off Low Middling Stained
li«ofl
Good Ordinary
l^ieoff
On this basis the official prices for a few of the grades for
the past week Feb. 23 to March 1 would be as follows.
15,161
28,724
3,470
8,178
1,517
761
8,722
287
24,308
Galves'n.Ao.
New Orleans
"'42
1,000
6,000
—
UPLANDS.
Sat.
aood Ordinary.
83l8
8i5ie
9»8
9liif
lOie
Low Middling..
«lddUng
9ood Middling.,
middling Fair...
GULF.
VUddllng
8k
83,8
8is„
9H
I'i-
89,8
93,6
958
9i5ie
8T1B
81a
9ie
91,8
9118
9»«
99|8
9^
913i8 913,6 9''8
10 14
lOJ*
105,.
Iflon
7%
8%
7-'8
9
8''8
Sood Middling Tinged
938
9'4
83„
9»8
10l,«
ir«
Middling...
Middling
Strict Low Middling Tinged.
Th.
8 '8
mon Tnes Wed
Sat.
Low
83„
Sat.
1038
STAINED.
Mon Tnes Wed
Tnee
7%
8\
8 '8
9^4
Wed
Tk. FrI.
838
9
9%
103,8
Tl».
713,8
81318
816,6
7\
8^
95,
914
Frl.
7ii,a
81I18
813,8
93,8
The quotations for middling upland at New York on
Mch. 1 for each of the past 32 years have been as follows,
1901. ...c.
1900
1899
1898
1397
U196
1895
1894
93,8
97i8
69i«
7»8
1893 ....c. 93,6
7I18
1892
1891
9
1890
116,8
1889
103ic
lOia
1888
1887
99,8
1886
a-'e
MABKBT
SFOT MABKBT
CL08BD.
1885 ,...0.117,8
1884
10^8
1883
lOSjft
IIII16
1882
1881
ll«i,
1880
131,0
913,8
1879
1878
lO'e
AND SALES.
FOTUBEB
Market
Olosed.
Export.
1874
1873
1872
1871
1870
16
20\
22i«
ISifl
2278
A Coktbaot.
Oon-
Con-
mmp.
tract.
2,120
. .
...•••..«•.*•
1877....c.l2>fl
1288
1876
Iti^
1876
8ALK8 OF Spot
Saturday Steady at i, « ad. B'rly steady.
Monday.... Quiet at is dec. Steady
Tuesday... Easy
steady
Wednesday Dull at lie adv.. Quiet
Thursday., yaiet at ii«deo. Quiet
Friday
|Dail at iia deo..|Bteady
Total
I
Total.
2.120
210 7,706 7,910
100
100
16
16
610 I..V06 2.110
730 2,200 2,930
....
3.786 11,400 15,186
"
.
—
.
THE CHRONICLE.
446
FUTPRKS.— High est, lowest and oloslngprlcep at New Yorh
[Vol. LXill.
At the Interiob Towns the movement— that is the receipts
-
Qpo5Q5dKQSooc!s2Q»E5S»gSW?9wi9Wi;S£'5SS't2Ww
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
os§«siis^ssis§2isi§s?g|f2|ri|Pi|ii|g
corresponding period of 1899-1900 -is set out in detail below.
for the
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.q
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as follows.
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R
CO
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I
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to-night, as made up D5
Foreign stocks, as wel'
. .
641,000 520,000 1,668,000 1,077,000
460,000 632.000 924.000 751,000
American afloat for Europe.
368,000 689,000 442.000 557,000
911,510 975,801 795,926 1,187,068
United States stock
United States Interior stocks. 683,597 481,313 453.441 488,844
20.249
26,759
24,607
27.583
United States exports to-day..
Total American
3,091,690 3,198,363 4,310,126 4,085.519
Eatt Indian, Brazil, die.—
85,000 110,000 117,000 126,000
Liverpool stock
4,000
3.000
10,000
11,000
London stock
49,200
34,300
46,200
27,200
Continental stocks
50,000
25,000
117,000
120,000
India afloat for Europe
40,000
46,000
29,000
38,000
Kjfypt, Brazil, Ac. afloat
273,000 255,000
Stock in Alexandria, E^pt... 186,000 200,000
479,000 351,000 500.000 290,000
Stock In Bombay, India
956.200 754,200 1,106,200 805,300
Total East India, &0
...3,091,690 3,198,363 4.310,126 4,085.519
Total American..
Total visible supply
4,047,890 3,952,563 5,4lt;,326 4,890,bl9
5381.
SHd.
313321
Middling Upland, Uverpool
37i8d.
91^0.
69. «c.
93,80.
65iiC.
Middling Upland, New York..
5i4d.
8i4d.
49ud.
Egypt Good Brown, Liverpool 7iii6d.
7iad.
6''8d.
6^d.
Peruv. Eoagh Good, Liverpool
71, ed.
3i«d.
5i4d
538 i,
Broach Fine, Liverpool
39ied.
3ii.,2d.
358d,
5d.
5^32d.
rinnevelly Good, LiverpooL..
Continental imports past week have been 120,000 bales.
The above figures indicate an increase in 1901 of 95,327
bales as compared with same date of 1900, a loss of 1,363,436
bales from 1899 and a decUne of 842,929 bales from 1898.
.
W
QO
—
bales.
l-i
ifk
hS*.
-OtObOtO
to
COMH-tO
^0Ci^SOi(O^^*^^^^*-^-•
<lV3X w'arf'tOMx'iCoacCo'tolf^h-rfk^jV'— CO
o»"-'co-.J»05xo;©<'(a' i<jx j=^to«iui;oco
u
CJiO<lfcin
1898.
1899.
1900.
1901.
630,000 1,785,000 1,203,000
bales. 726,000
stock at Liverpool
10,000
4,000
11,000
3,000
Btoot at London
737,000 633,000 1,795,000 1,207,000
Total Great Britain stock
20,000
9,000
19,000
15,000
Stock at Hamburg
219,000 248,000 441,000 357,000
Stock at Bremen 7
3,000
3,000
2.000
Stock at Amsterdam
300
200
200
200
Stock at Rotterdam
7,000
11,000
3,000
4,000
Stock at Antwerp
288,000
353,000
169,000 261,000
Stock at Havre
4,000
4,000
3.000
4,000
Stock at Marseilles
75,000
67,000
75,000
56,000
Stock at Barcelona
37,0C0
61,000
45,000
34,000
Stock at Genoa
13,000
5,000
3,000
5,000
Stock at Trieste
506.200 e5^,200 973,200 785,300
Total Continental stocks
Tetal European stocks.. ..1,243, 200 1,292,200 2,768,200 1,992,300
50,000
25.000 117,000
India cotton afloat for Europe 120,000
Amer. cotton afloat for E'rope. 368,000 561,000 442.000 557,000
40,000
46,000
38.000
29,000
E(rs'T)t,Brazll,<fec.,aflt.for E'pe
200,000 273,000 255,000
1 86.000
Stock in Alexandria, E^ypt.
479,000 351,000 500,000 290,000
Stock In Bombay, India
Stock In United States ports.. 911,510 975,801 795,926 1,187,068
488,844
Stock In U. 8. Interior towns.. 633,S97 431,313 453,441
26.759
20.249
24,607
27,583
United States exports to-day?.
4,0*7,890 3.952,563 5,416,326 4,890,819
Total visible supply
Ol the above, totals ot American and other descriptions are as follows-
Liverpool stock...
Continental stocks
4^
— i^MwtO
W *» X O f o> o tS M w ts
M^q' 05 h.'>-'Wi-'tO&: toe W*'«*.X oc to cj'cr; a to to c<; xId
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x>a i^oo W05xxif^xc5-jaoecctoif^oi<:;' wc£©v<to--s-^coA05X
-J
cable and telegraph,
as the afloat, are this week's retnms, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
CMch. 1), we add the item of exports from the United States,
including in it the exports of Friday only.
is
05
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to
to:
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The above totals snow tnat tbe interior stocks nave deereiaed during the week 12,926 bales, and are to-night 202,284
bales more than at same period last year. The receipts at all
!0^ns have been 13,862 bales more than same week last year,
Overland Movement fob the Week and Since Sept. 1.
a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Mch. 1 and since Sept. 1 in the last two years are as foUowa.
We give below
1900-1901.
March
1.
Week.
Shipped—
Via St. LoalB ,.„^
Via Cairo
Via Padnoah
Via Rook Island......
Via Louisville
Via Cincinnati
Via other routes, «fco
Total to be deducted
Since
Sept.
1.
Week.
15,3f0
3,885
719,865
186,476
5,799
16,163
4,849
75
250
51,048
109,629
75.C69
228,616
i"924
2,176
20,736
2.291
3,114
9,384
Total gross overland.
Deduct shipments—
Overland to N. Y., Boston, &o..
Between interior towns
Inland, &o., from South
1899-1900.
Since
Sept.
1.
695,279
190,817
9,533
11,827
188,575
116.293
239,263
34,304 1,376,502 45,923 1,451,587
14,171
1,557
3,072
331,299
91,473
39,784
11,432
4,315
4,280
212,859
70,102
72,387
18,800
462,556
20,037
355,348
Leaving total net overland*.. 15,504 913,946 25,886 1,096,239
* Including movement by rail to Ganada.
The foregoing shows the x days' net overland movement
;hia year has been 15,504 bales, against 25,886 bales for the
j^eek ta 1900, and that for the season to date the aggregate net
iverland exhibits a decrease from a year ago of 183,293 bales.
1900-1901.
1899-1900.
In Sight and Spinners'
Taktngs.
Seoelpts at ports to Mch, 1
Set overland to Mcli. 1
Southern consumption to Mch.
Total marketed
aterior stocks in excess.
Week.
,
1.
Since
Sept.
1.
Week.
Since
Sept. 1.
124,699 5,888,007 157,686 5,506,026
15,504 913,946 25,886 1,096,239
29,000| 737,000 30,000 761,000
169,103 7.538,953 213.572 7,363,265
-12,926 638,970*53,496 238,130
160,076
Came into sight during week. 156,1771
18,177,923
7,601,395
Total In sight Mch. 1
37,453:1,484,885 39,574 1,884,169
5orth'n spinners tak'gs to Mch. 1
" Decrease during week.
Movement into sight in previous years
Week.
Since Sept. 1.
bales. 129,331
bales. 9,369,159
1898 99
1899
175,932 1897-98
9,544,934
1898
108,085 1896-97
7,532,819
1897
95,326 1895-96
1396
6,099,587
6
..
March
.
THE CHRONICLE.
3, 1901.]
Quotations fob Middling Cotton at Otheb Markets.—
Below are closing qnotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
aLOSIMa QOOTATIOM8 FOB MIDDLina OOTTOH
Week ending
March
1.
Batur.
Oalveston.
New Orleans
9*8
Mobile
Bavannah...
94a
.
9iie
8'8
OharleBton..
Wilmington.
Norfolk
Boston
Baltimore
9
9H
95l«
96,6
9»8
9'%
9ie
Wednea.
Thun.
Mon,
Tuet.
93,6
918
91l6
9^8
9i«
918
919
9^8
^ll8
9li«
S}i«
2M«
9ije
9
9
9
9
918
9l8
9h«
9
9
9
914
938
96,8
9»«
938
918
918
918
9k
9H
9I4
914
95,6
91s
938
9I8
918
9I8
9I4
961
9
914
s^«
s^8
9i«
OMFri.
918
2
i«
9116
9
9
9
914
914
93,6
»7l8
914
918
447
Augusta, Oeorgia.—There has been rain on one day duiing
the week, the precipitation reaching fifty-three hundredths
The thermometer has
of an inch; also snow on one day.
averaged 40, the highest being 57 and the lowest 19.
Savannah, Oeorgia. —The week's rainfall has been one inch
and twelve hundredths, on three days. The thermometer
has averaged 43, ranging from 26 to 57,
Charleston, South Carolina. We have had rain on three
days during the week, to the extent of one inch and fiftytwo hundredths. The thermometer has ranged from 23 to
55, averaging 41.
Stateburg, South Carolina.— The weather has been too cold
for plowing almost all the week. About six inches of snow
—
on Saturday last.
Oreenwood, South Carolina.— There has been rain on one
938
Aagnsta
day during the week, the precipitation reaching thirty hun918
Memphis
dredths of an inch. The thermometer has averaged 32, the
918
9%
LonlB....
St.
918
highest being 43 and the lowest 22.
Hooston
2>
9i«
914
Oinoinnatl..
9H
Ardmore, Indian Territory.— We had light snow on SaturV*
9^8
93)6
Loolsvllle...
93ie
93ie
93l8
day last, but since then the weather has been favorable.
The closing quotations to-day (Friday) at other importart Rain is needed.
Southern markets were as follows.
"The following statement we have also received by telegraph,
Nashville
OolumbU8,Ml88 8 13
9
showing the height of the rivers at the points named at
Athena
.
Philadelphia
Atlanta
Charlotte
9
9
OolambUBi Ga .
8%
Eufaola
Little Rook.
Montfomerr...
9»ia
95ia
918
918
918
914
93,8
8''8
Natchez
sas
Raleigh
Bbreyeport
9
SiSjg
s'a
Sia^.
Weather Reports by TELEaRAPH.— Advices to us by tele
graph this evening denote that the weather has been to some
extent unsatisfactory the past week at the South. The premoderate as a rule, but temperature has
been somewhat low for the season, with light snow reported
at a number of points. The conditions have apparently re
tarded the work of preparing land for cotton.
Oalveston, Texas. There has been rain on four days during the week. The thermometer has averaged 53, ranging
cipitation has been
—
from 36 to
— We
We
—
—
—
—
03 and the lowest 30.
Leland, Mississippi.— There has been rain the past week to
the extent of ninety five hundredths of an inch. The ther
mometer has averaged 39'4, ranging from 18 to 59.
Vicksburg, Mississippi. We have had rain on two days
during the week, the rainfall being one inch and forty-three
hundredths; also three and two- tenths inches snow. Tiie
thermometer has ranged from 24 to 67, averaging 45
Ldttle Rock, Arkansas.
Farmers are plowing. We have
had rain on two days of the vreek, the precipitation being
thirty-one hundredths of an inch; also light enow. The thermometer has averaged 42", the highest being 62 and the low-
—
—
—
Helena, Arkansas. Farm work is making good progress.
There has been rain on one day during the week, the rainfall
reaching thirty- four hundredths of an inch; also a flurry of
snow. The thermometer has averaged 41, ranging from 20
to 67. February rainfall, two inches and thirty- six hundredths.
Memphis, Tennessee.— It has rained on one day of the weet,
the precipitation being twenty-four hundredths of an inch,
and snow has fallen lightly on one day. Plowing is active.
The thermometer has ranged from 21'2 to 63, averaging 39.
Mobile, Alabama. Farm work is making fair progress,
and there is a large demand for fertilizers. We have had
rain on three days during the week, to the extent of two
inches and fifteen hundredths of an inch.
The thermometer
has averaged 44, the highest being 63, and the lowest 38.
Month's rainfall, four inches and four hundredths.
Montgomery, Alabama. We have had snow on one day
and rain on one day of the past week, the precipitation being
fifty-two hundredths of an iuch. The thermometer has aver
aged 41 and ranged from 21 to 56. February rainfall, three
inches and eighty -nine hundredths.
Selma, Alabama.— It has rained two days of the week and
snow has fallen on one day, the precipitation reaching
seventy- five hundredths of an inch. The thermometer has
ranged from 17 to 55, averaging 38.
-.Madiscm, Florida.— There has been rain on two days during the week, the precipitation being one inch and eighty
hundredths. Average thermometer 51, highest 68 and low-
—
—
est 30.
and March
3 o'clock Feb. 28, 1901,
1,
1800.
28, '01.
Fett.
Memphis
srashvlUe
Bhreveport
^loksbnrg.
itch. l.'OO.
Feet.
6-4
Above lero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gac go.
Above zero of gauge.
Sew Orleans
Feet.
9-7
20-9
17-4
5-6
30-7
51
4-8
39
14-4
Movement from all Ports.— The
India Cotton
receipts
of ootton at Bombay and the shipments from all India porta
for the week ending Feb. 28, and for the season from Sept. 1
to Feb. 28 for three years have been as follows:
70.
Abilene, Texas.— Dry weather has prevailed all the week.
Hard freeze on Saturday and Sanday The thermometer has
ranged from 13 to 70, averaging 41.
have had rain on two days the
Corpus Christi, Texas.
past week, the rainfall reaching eighty hundredths of an
inch.
Average, thermometer 52, highest 70, lowest 34.
had rain
Palestine, Teajos,— Hard freeze on the 23rd,
on one day during the week, the precipitation reaching thirty
hundredths of an inch. The thermometer has averaged 44,
the highest being 68 and the lowest 3 ).
San Antonio, Ttxas, It has rained on three days during
the week, to the extent of twenty- four hundredths of an inch.
The thermometer has averaged 56, ranging from 28 to 84.
New Orleans, Louisiana. There has been rain on two days
during the week, the precipitation being sixty-four hundredths of an inch. Average thermometer 49.
Shreveport, Louisiana. There has been rain on four days
of the week, the rainfall being sixty-six hundredths of an
inch. The thermometer has ranged from 21 to 65, averaging
45. February rainfall two inches and ninety-one hundredths.
Columbus, Mississippi. There has been rain on three days
during the week, to tHe extent of eighty-six hundredths of an
inch. The thermometer has averaged 46, the highest being
est 22.
fell
1899-1900.
1900-1901.
Receipts at—
Since
Week.
Bombay.
936,000
72,000
Since
Week.
Sept. 1.
Since
Week.
Sept. 1.
Sept. 1.
643,000 93,000 1,045,000
27,000
For the Week.
1898-1899.
Since September
\
1.
Export!
from—
Great
Great
Britain.
Continent.
Total.
6,000
7,000
43,000
35,000
1,000
6.000
7,000
42,000
1,000
3,000
1,000
Britain.
Oontinent.
j
Total.
Bombay—
1900-01..
1899-00..
1898-99..
>-•••*
3,066
275,000
36,000
211,000
310,000
36,000
214,000
4,000
3,000
1,000
2,000
11,000
7,000
14,000
14,000
8,000
16,000
1,000
7,000
1,000
2,000
10,000
32,000
18,000
52,000
Oaloutta—
1900-01..
1899-00..
1898-9^..
Madras—
1900-01
.
1899-00..
1898-99..
17,000
3,000
17,000
'
2,000;
15,000
All others—
I
1,000
6,000
1,000
1,000
6,000
1,000
8,000
11.000
13,000
43,000
12.000
13,000
44,000
53,000
2,000
11,000
1900-01..
1899-00..
1898-99..
Total all—
1900-01..
1,000
189900..
•>>>-
1898-99..
1,000
4,006
'
40,000
18,000
56,000
3S1,000
65.000
303,000
328,000
6 J, 000
29.;,000
According to the foregoing, Bombay appears to show an
compared with last year in the week's receipts of
45,000 bales. Exports from all India ports record a loss
of 1,000 bales during the week and since September 1 show
an excess of 316.000 bales.
increase
Alexandria Receipts and Shipments of Cotton.—
Alexandria, Egypt,
February 27.
1900-1901.
1899-1900.
Reoelpte (cantars*) . .
This week
Since Sept. 1
95.000
4,152,000
120000
1
Bxports (bales)To Liverpool
Total Earope
a oantar 18 98
ThU
Since
week.
Sept. 1.
110.000
4,993.000
5.92^,000
This
week.
Sinct
Since
This
week.
Sept. 1.
Sept.l.
3.000 216,000 7.000 317,000 11,000 219.000
5,000 175,000 10,000 300,000 8,000 210,000
ToOontlnentt
'
1898-1899.
8,000 391,000 17,000 617,000 19,000 429,000
pounds.
1 Of jrbloh to America In 1900-1901, 32,371 bales:
In 1899-1900,
61,441 bales: In 1898-99. 28,500 bales.
ftlA.NoaE8TER MARKET.— Our report received by cable
to-night from Manchester states that the market continues
quiet for both yarns and shirtings. The demand for both
India and China is improving. We give the prices for to-day
below and leave those tor previous weeks of this and last
year for comparison.
1900.
1901.
32s Oop. 8H
ings, comm/)n
Sk
lbs. Shirt- Oott'n
Twist.
1
d.
d.
Jn.25'3i« ©938
Feb.l 8'ifi©938
••
8 81« 093g
" 16 838 09>4
" 22 838 0914
Moh.l 85i8»9i8
to finest.
8.
d.
6
5 8
5 6
6
i5
5
5
8.
08
«8
98
b^OS
514O8
5
»8
m
d.
1>2
3
3
3
3
y'>p-
jfid.
^i*
ru^'upid*
d.
1
d.
d.
51a I714 »7'^8
5i»„ol738 »8
,',16.,3 7»» »dl4
5i3,a 7 '8 aSia
56i„ i7''8 WSSs
514 !8i« 39
lbs. Shirt-'
ings, commoft
to finest.
8.
d.
8.
d.
OotCn
Mid.
UpUU
d.
5
lHO^ 104 4lW„
OS
4^
4 08 3
6'sj
6 98 4I4 53,a
6 08 4'« 518
5
6»«1»S
5
5
5
5
2
6
638
.
:
THE CHRONICL*.
448
Cotton Statistics for Week Ending Feb. 22.— Last
Friday having been a boliday (Washington's Birthday) we
went to press on Thursday night, and our cotton statistics
therefore covered only six days. We have, however, this
week revised all the results so as to make them cover the full
week ending Friday, Ftbruaiy 22. and they are as follows
Net receipts for the week— 122,668 bales and since Sept. 1,
5,763,408 bales. United States port stocks last Friday. 939,125
bales. Total foreign exports for the week. 146,666 bales, and
since Sept. 1. 4,325,701 bales. Total visible supply, 4,089,650
bales, of which American, 3,155,450 bales. Interior towns,
receipts for week, 88,477 bales, since Sept. 1, 5,301,787 bales,
shipments for the week, 105,180 bales, and stock 696,523 bales.
Receipts from plantations for week, 105,965 bales. Weekly
net overland, 13,155 bales, and for season to date, 898,44.2
bales. Southern consumption for week, 29,000 bales, and for
season, 708,000 bales. Interior stocks decreased 16,703 bales
during the week, and on Friday last were 651,896 bales in
excess of September 1. There came into sight for the week
148,120 bales, and the total for the season to date reached
8,021,746 bales. Northern spinners had taken since September 1. 1,447,432 bales, of which 30,405 bales represented the
week's takings.
Total balet.
Portland. Me.—To Liverpool— Feb.— Steamers Corinthian,
134; Dominion, 119; Numidlan, 114; Roman, 220; Vancouver, 35
2.342
2,342
Total
Exports
126,682
FHday of last week not included in this week's totalNew Orleans-To Havre— Feb. 21- Steamer Christiana, 4,S56. 4,856
To Barcelona— Feb. 21— Steamer Miguel M. Piuillos, 5,335 5,335
Ponsaoola- To Bremen-Feb. 21— Steamer Peerless. ti,6'25
6,625
Wilmington— I'o Liverpool— Feb. 21— Steamer Dora. 5,744. ... 5,744
Newport News— To Liverpool Feb. 2i— steamer Rappahannock, 898
1900-01.
bales.
Gross overland for February,
Gross overland for 6 montlis
Net overland for February
Net overland for 6 months
Port receipts In February
Port receipts In 6 months
Exports In February
Exports in 6 months
Port stocks on February 28
Northern spinners' takings to Mcb. 1
Southern spinners' takings to Mch. 1 .
Overland to Canada for 6 months (in.
onr usual form, are as follows.
0reai French Qer- ^Oth.E'rope-^ Mexico,
Rrit'n. portt. many. North. South.
<te. Japan. Total.
New York. 10,681
42110,902
548 1,788
24,340
N. Orleans.
950 14,046
8,680 9,332 10,^61
43,869
Galveston.
Pensacoia.
6,220
3,100
3,855
4,b31
2,150
15,670
Norfolk
Boston
12.777
ruitlmore.
1,911
2,500
avannah.
Brunswick
6,220
5.250
19,525
4,331
2.500
12,777
4,7^6
2,876
„
120
622
120
H22
151,894
181,683
1.373,745 1,437,36:
79,605 124,350
913,661 1,084.591
515,289 769,637
5,869,144 5,471,541
471,435 718,795
4,423,987 4,049.734
921,268 980,139
1,483,125 1,877,428
733,000
170,907
1,542,860
107,013
1.067,116
435,561
7,225,932
608,490
5,875,764
841,674
1,705,480
751,0(0 672,000
91,213
85,107
73,208
10
714
14,872
Burnt North and South in 6 months
13,119
10,815
Stock at North'n interior markets Mch. 1
8,227
638,894 800.987 495,574
Came In sight during February
Amount of crop in sight Mch. 1
8,155.805 7,562,132 9,321,048
1,877,427 1,914,335
Came in sight balance season
Total crop
9,439,559 11235383
511'46
503-51
513-52
Average weight of bales
Jute Butts, Bagging, Etc.— The market for jute bagging
has been very quiet during the week under review at b}^^.
for IX lb. and 6 J<c for 2- Id., standard grades. Car-load lots
of standard brands are quoted at 6i^@6i^c., f.o.b., according
to quality. Jute butts have been very dull, with prices
nominal at 13^@15^c. for paper quality and \%@\]4,^' ^or
bagging quality.
SHIPPING JNEWS.
—
As shown on a previous page, the
exports of cotton from the United States the past week have
reached 126,683 bales. The shipments in detail, as made up
(rem mail and telegraphic returns, are as follows:
Total bale$.
Nbw York—To
Liverpool, per steamers Caledonian, 946
Canadian, 4,478... Oeorgic, 3,252 upland and 102 Sea
Island
8,778
To Hull, per steamer Buffalo, 653
T6 Manchester, per steamer Bellenden, 1.217 upland and
33 Sea Island
1,250
421
9,746
1,156
,
To Hamburg, per steamer Pretoria, 1,156
To Rotterdam, per steamer Turret Bell, 300
To Antwerp, per steamers British Queen, 100
300
Fries-
248
land, 148
To Genoa, per steamers Archimede, 500
1,498 22,054
2,342 126,682
Exports to Japan since Sept. 1 have been 700 bales from
York and 17,471 bales from the Pacific Coast.
New
New York
Llverpoool
Mon.
luts.
14
23
27
25
32
27
42
38
38
14
21
27
14
21
27
25
32
27
25
32
27
c.
c.
Hamburg
Amsterdam
..c.
c.
Rotterdam
c.
Reval, v.Br-Hamc.
Do
Do
aatur.
e.
Havre
Bremen
'
V. Hull...c.
V. St. Pet.c.
Genoa, Jan
e.
Trieste
c.
the past week have been
WH.
Wtdntt. Ihurs.
14
21
27
25
32
27
14
21
27
25
32
27
14
21
27
25
32
27
35@40 35340 35®40 35940
35'»40
38
38
38
38
38
38
38
38
38
38
27Jfl-30 26ifl-28 26ifl 28 26J«-28 26»fl-28 26ia-28
34®35
35
34a35 34® 35 34®35 34935
Antwerp..... ....e.
22ifl
20
20
20
Ghent, v. Antw'p.c.
29
27
27
27
Quotations are cents per 100 lbs. or traotlons of a
* And 5 per cent
20
20
27
27
penny per lb.
—
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stocks, &o., at that port.
Feb. 15
Feb. 8.
Sales of the
week
bales.
Of which exporters took...
Of which speculators took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which American- Est'd.
Total import of the week
Of which American
Amount
afloat
Of which American
44,000
1,200
600
41,000
3,000
78,000
779.000
687,000
112,000
94,000
185,000
157,000
Feb. 22.
200
48,000
1,000
1,200
50,000
10,000
61,000
736,000
649,000
28,000
21,000
216,000
193,000
46,000
3,000
93,000
747,000
654,000
107,000
90,000
165,000
139,000
53,000
Mch.
1.
64,000
2,900
1,100
50,000
5,000
64,000
726,000
641,000
50,000
47,000
174,000
146,000
The tone of the Liverpool market for spots and futures
each day of the week ending Mch. 1 and the daily closing
have been as follows.
prices of spot cotton,
653
To Havre, per steamers Hughenden, 130
La Gasoogne,
71 upland and 220 Sea Island
To Bremen, per steamers Lahn, 690
Oldenburg, 3,115
....Rheln. 5,941
2,342
2,342
9,753 44,953
46,077
?'ot»i.
Ootton freights at
as follows.
1899-00.
cluded In net overland)
346
898
in
The particulars of the foregoing shipments, arranged
we omit
giving the usual extensive details of the
overland movement. Below, however, we present a synopsis
for the month of February and the six months ended
Feb. 28, for three years.
622
SAN DiKGO. Cal.—To Japan-Feb. 23-Steamer Strathgyle,
Cotton Consumption and Overlajto Movement to Mch. 1. Phil'delp'a
fortl'd.Me
— In consequence of the crowded condition of our columns San
Diego
this week,
LXiii
rvoL.
Bat'day.
Spot.
Market,
Monday, Tuesday. Wed'day. Thur$d'y Friday.
Fair
Moderate Moderate business
demand. demand.
doing.
Fair
business
doing.
1:46 p. M.|
Firmer.
Mid. Upl'ds.
51I32
51132
5Eie
5932
56,6
6,000
8,000
8,000
10,000
300
500
500
600
10,000
2,500
Sales
Spec.
&exp.
Basler.
5H
8,000
500
Trojan Prince,
T^erra 942
IJverpoo'l— 'FeK"26-^Steamer Ohancelior,
Nbw Oblbans—To
6,275
1
788
6,275
To Belfast— Feb. 25— Steamer Inishowen Head, 1,027
1,0^7
To London- Feb. 26—Steamer Tampican, 1,378
1,378
To Havre-Feb. 28— Steamer Cayo Soto, 4,125.... March 1
—Steamer Glenmore, 5,207
9,332
To Bremen- Feb. 23-Steamer Oceano, 10,861
10,861
To Autwerp-Feb. 23— Steamer Conway, 950
950
To Bareelona-Feb. 26 -Steamer Catalina, 6,233
Feb. 28
—Steamer Noviembre, 5,200
11,433
To Genoa— Feb. 26— Steamer Catalina. 2.613
2,613
GALVESTON—To Genoa— Feb. 22— Steamer Citta di Palermo,
6.620
Pbnsacola—To Liverpool— Feb. 28— Steamer Serra, 3,100
To Bremen-Feb. 28 Steamer Peerless (additional), 1,600
To Hamburg— Feb. 28— Steamer Urauia, 550
Savannah-To Liverpool— Feb. 28— Steamer Hedwlg. 1,052...
To Manchester— Feb. 28— Steamer Hedwig, 2,303 upland
and 500 Sea Island
To Bremen-Feb. 23— Steamer Ardova, 6,670
Feb.
26—
6,620
3,100
1,600
550
1,052
2,803
15,670
Steamer Ormesby, 9,000
Bbunswiok-To Liverpool— Feb. 25— Steamer Labuan, 4,331. 4,331
2,500
NOBFOLK— To Hamburg— Feb. 28— Steamer Laura, 2,5C0
Boston- To Liverpool— Feb. 21— Steamer Norseman, 1.983
Feb. 23— Steamer
Feb. 22— Steamer Saxonla, 3,875
Kansas. 2,029. ...Feb. 23— Steamer New England. 4,890. 12,777
Baltimoke— To Liverpool— Feb. 15— Steamer Quernmore, 641
1.911
Feb. 21— Steamer Vedamore, 1,270
Feb. 27—
To Bremen-Feb. 23-8teamer Koln, 2,404
Steamer Bonn, 471
2,875
Philadel hia—To Liverpool— Feb. 23—Steamer Pennland,
120
120
Futuret,
Market,
1:46 P. M.
Market,
4 P. M.
Quiet at
\
1-64 ad-
5
vance.
\
Quiet at Steady at
2-64
partially 1-64
1-64 dec.
decline.
Quiet but Quiet but
steady.
J
steady.
@
Steady.
Steady at
1-64 advance.
Steady.
Steady.
Quiet.
Quiet.
Easy.
The prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
below.
Sat.
Mon.
Tnes.
Feb. 23.
Feb. 25.
Feb. 26.
12Jfl
1 1:451 4
p. M. P. H. P.M. P.M.
d.
February... 5 19
Feb.-Moa... 5 16
Mch.-AprU.. 5 15
April- May.. 5 14
May- June... 5 12
June-JiHy... 5 10
July-Ang.... 5 09
Aug. -Sept... 4 61
8ept.,L.M.O 4 61
Oct., G. O. O, 4 39
Oct.-Nov.... 4 32
Nov. -Dec...
d.
5
4
4
4
4
d.
519
d.
Feb. 28.
Frl.
Mch. 1.
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.
d.
d.
5 19 5 18 5 17
16 5 16 5 15 5 14 5 14
5
15
5 14 5 13 5 12
15
13 5 14 5 12 6 11 5 10
12 5 13 511 5 10 5 09
10 5 11 5 09 5 08 5 07
08 5 09 5 07 5 06 5 05
60 4 61 4 59 4 58 4 57
60 4 61 4 59 4 58 4 57
39 4 38 4 36 4 35 4 34
32 4 31 4 29 4 28 4 27
5 19
Thurs.
Feb. 27.
d.
d.
5 16 5
5 13 6
5 12 5
5 10 5
5 09 5
15
13
12
10
09
d.
d.
5 17 5 17
5 14 5 13 5
5 13 5 12 5
5 11 5 10 5
5 10 5 09 5
5 Oh 5 07 5
d.
5'
11
16
10 5 08
09 5 07
08 5 06
06 5 05
5 07 5o7
5 05 5 04 5 06 5 04 5 04 5 03
4 57 4 56 4 57 4 56 4 56 4 55
4 57 4 56 4 57 4 56 4 56 4 55
4 34 4 34 4 35 4 34 4 33 4 34
4 27 4 27 4 28 4 27 4 26 4 27
;
Mabch
2,
THE CMRONKJLE
1901. J
BREADSTUFFS.'
Feiday, March
1,
1901.
449
OBAUK.
0.
o.
Com, per bush.—
Wheat, per busn,—
Wentem mixed
Hard Dulnth, No.l 8939»91i6
No. 2 mixed
N'thern Dul., No.l 85 98858
Western yellow
Red winter, No. 2 78389801«
Western white
Hard N. Y. No. 1. .... 9
Bye, per buahOats— Mlr'd, p. bush. 301^93313
32ifl937ifl
Western
White
31 9.32
State and Jersey
No. 2 mixed
33 934
Barley— Western
No. 2 white
•"'H
0.
46 'i»48
46 -94^
46ifl948i4
Business in the market for wheat flour has been quiet
471394914
Choice
grades
of spring-wheat
prices have been irregular.
..86 •o61i«
flour have been well maintained, but for such grades as are
-a
58 ®68
not made of guaranteed sound wheat sellers find it necessary
Feedlntc
a ....
to make concessions to effect sales. Demand for low-grade
tar* For other tables asnallr irlven here see pace 421.
winter- wheat flour has been flat, and with large stocks and
free offerings prices have been easy. City mills have been
quiet. Rye flour has been quiet and unchanged. Buckwheat
New York, Fkiday, P. M., March 1, 1901.
flour has had only a small sale, but values have held steady.
of the market have not undergone any
features
The chief
Corn meal has been quiet but steady.
during
the week eo far as the home trade
moment
of
change
Speculation in wheat for future delivery has continued on a
has bten concerned. There has been a quiet further gain in
a very moderate scale only, and changes in prices have been the cotton goods division at first hands, but a shrinkage in
within narrow ranges. At the opening of the week develop- volume of tales of woolen goods, while in neither has there
ments in the statistical position in most instances were con- been any improvement in the general tone; the course of the
sidered favorable to the market. The world's shipments market for the past month has been disappointing. It has
showed a moderate falling off, and the Ucited States' visible failed to furnish as good a business as most sellers in the
supply made a email decrease. The European markets were primary market had counted upon, and in important direcBuyers have persteadier, and this, too, had its influence in favor of values. tions has failed also to maintain prices.
Subsequently the foreign market turned easier, and the local sistently adhered to a conservative policy and forward busiand Western market followed, only to again turn steadier, ness has been light. In cotton goods there has been greater
and recovered the loss on moderate buying, stimulated pressure to sell as the month advanced, under influence of
by a light movement of the crop in the Northwest. increasing stocks and a declining market for raw material,
During the latter part of the week the crop news and prices have been more irregular during the last week
from the winter-wheat belt reporting prospects generally than before. There has been no further movement towards
favorable operated against values, although the fact that the curtailment of production than taken by the yarn mills, but
wheat fields in some sections were bare of snow and thus short-time is being more frequently talked of in connection
with weaving mills, both North and South. The general
liable to damage from tudden weather changes held aggressive short selling in check. Business in the spot market was jobbing trade has been on a fuller scale, but at prices frequiet early in the week, but following the slightly weaken- quently lower than at first hands.
ing prices demand improved and fair sales were made. ToDomestic Cotton (Joods. The exports of cotton goods
day there was an easier market under free deliveries on from this port for the week ending Feb. 25 were 1,144
March contracts and tame foreign advices. The spot market packages, valued at f 94,474, their destination being to the
was quiet and easier. Sales for export here and at outports points specified in the tables below :
THE DRY GOODS TRADE.
—
were 150,000 bushels.
DAILT CL08IN0 PRICB8 OF
Cash wheat
1.
o.
b
March delivery
In elev..
May delivery In elev
July delivery In elev
NO. 2
RED WISTEB
TS
YORK.
TKurt
Mon.
lues.
Wed.
81i«
7958
8038
8118
81
7938
80%
Saifl
79 13
7916
8038
80 14
79
80
79''8
80
7973
DAILY 0LO8IHO PBI0B8 OF NO. 2 8PRINO IN
Feb. delivery In elev
March delivery In elev...
May delivery in elev
IVG^^
8at.
Sat-
Mori.
Tue*.
7438
74i«
7489
7638
74i«
7413
76I4
71^
76ie
80
79 1«
7933
Ftx
80i«
79
7958
7914
CHICAOO.
Wed.
7438
7438
76i8
New York
1901.
1900.
to Feb. 25
Week. Since Jan. 1
36
14
Great Britain....,
Other European.
China
India
Fn.
A.rabla
7414
73%
Africa
West Indies
75''8
75ifl
\
Week.
Since Jan.
48
17
163
126
1,000
45,899
3,339
4,258
4,276
,
Thurt.
658
510
.
576
4,052
,
41
723
"so
417
4,560
451
60
252
495
119
315
\,
802
3,605
Mexico
518
186
1,943
America.
1,908
Indian corn futures have been moderately active. Early Central
401
9,530
America..,
South
7,313
in the week there continued fairly good buying, and on limited Other Oountrlea.
40
861
1,319
there
however,
Subsequently,
advanced.
offerings prices
1,144
28,054
2,512
Total.
69.345
developed an easier tone. The aggressive buying ceased and
was followed by fair selling by longs to realize profit. The
The value of the New York exports for the year to date
crop movement was fairly full and this, coupled with some improvement in the grading, tame foreign advices, and a contin- hps been |1,333,878 In 1901, against $2,636 497 in 1900.
Purchases of heavy brown cottons by the home trade have
ued unsatisfactory export (demand on thebigher basis of values
prompted the selling. Thursday the market again devel- again been on a limited scale, with the demand very readily
oped a steadier tone, as the buying by thorts to cover con- met at irregular prices, some makes showing lower limits
tracts was sufficiently free to fully absorb the offerings. than a week ago. There have been more inquiries from
Business in the spot market has been quiet, as exporters have China than for a considerable time pist, resulting in limited
been only limited buyers, and prices have declined. To day purchases. Fine brown and fine grey goods are irregular.
there was a firmer market, on continued buying by shorts to Only limited individual purchases are reported this week in
cover sales. The spot market was moderately active. Sales bleached cottons. Low grades are easier to buy, and in other
qualities previous irregularities continue.
Wide sheetings
for export here and at outports were 240,000 bushels.
inactive and featureless. Canton flannels are quiet. Cotton
DAILT 0LO8INO PRICES OF MO. 2 BOXED OOBN IK NEIV YORK.
blankets are very irregular, the new season opening in an unFr\.
Tues.
Wed. Thurt.
Mon.
Sat.
47 18
48 14
4788
47% settled condition. Denims ticks, plaids, checks and stripes,
48
48 ig
0»Bh com t. o. b
48I4
48ifl
48
48%
March delivery In elev...
46I4
46I9
4688 and other coarse colored cottons, are quiet throughout, with
46
4678
May delivery In elev
461s
ready sellers at previous prices.
Kid- finished cambrics
44''8
45
4514
4558
45>«
4538
delivery
In
elev
July
1«
barely steady. Fancy prints have sold moderately at preDAILT 0LO8IMQ PRICES OF NO 2 MIXED CORN IN CHICAGO.
vious prices. In staple lines there has been an average busiFri.
Wed. Thurt.
Mon.
Tue*.
Sat.
39 18
3878
ness with a generally steady market. Percales are auU and
3938
3988
Feb. delivery In elev
3938 irregular.
3914
3938
SQie
3958
March delivery In elev... 3978
Domet fabrics also irregular. The market shows
4II9
40'8
4118
4114
41
May delivery In elev
40%
no material change in ginghams of any description.
Oats for future delivery were moderately active and firmer
Woolen Goods. The condition of the market for fancy
at the opening of the week following the advance in corn.
woolens and worsteds for men's wear for next fall is decidedly
The improvement, however, was not maintained. A conunsatisfactory, and the cause of considerable anxiety to
tinued full crop market and large supplies induced moderate
sellers. The demand this week has been poor, being confined
volume
limited
selling, and prices sagged.
only
Locally,
a
to sample pieces in nearly all instances, so that no improveof business has been transacted in the spot market, but
ment has been made upon previous indifferent results. In
prices have held about steady. To-day the market was quiet
only exceptional instances has even a moderate amount of
but steady.
business been secured so far, and there are few sellers who
DAILT 0LO8INO PRICES OF OATB IN NE\^ YORK,
are comfortable on orders. The tone of the market for
Fr%,
Wed. Thurt.
Mon. Tuet.
SaL
fancies is easy and prices irregular. For staple lines there
31
31
No 2 mixed In elev
31
31
31
31
has been only a quiet call, the hulk of the initial business in
33
33ifl
33
no. 2 white In elev
3312
33
331^]
these having already been placed. This, while not large in
DAILY OLOSIMQ PRICES OF NO 2 MIXBD OATS IN CHICAGO.
Fri. the aggregate, compares well with fancies, and is coming
Wed. Thurt.
Sat.
Tues.
Mon.
24ifl
Feb. delivery In el ev
24 73
2473
forward on a generally steady range of prices. Satinets and
24'M
25I3
25ifl
251a other low grades are dull.
May delivery In elev
2579
2533
2678
The demand for overcoatings has
Rye has had a moderate sale at firm prices. Barley has been on a limited scale, but there has been an improved call
been dull and unchanged.
from the cloaking trade for cheviots, broadcloths, serges and
Following are the closing quotations:
Venetians. Business in dress goods for fall has been mainly
confined to medium and low-grade staples, which are in fair
FLOUR.
demand. Flannels and blankets are unaltered.
Fine
$210 0220
Patent, winter.... *3 80 «4 30
Snperflne
2 80 02 35
City mlllB, patent.. 4 15 «4 75
Foreign Dry Goods —The demand for dress goods has
Extra, No. 2
2 40 92 50
Ryefloor.superflne 2 80 ®3 50
been quiet this week in all descriptions. Business in silks
Extra, No. 1
2 50 »2 75
Buckwheat flour.. 2 00 «2 10
Clears
2 80 «3 35
Corn mealand ribbons is improving. Linens are quiet, but foreign
2 35 »2 40
Straights
3 40 93 90
Western, etc
advices support prices. Burlaps continue firm, particularly
2 45 '9
Brandy wine
Patent, sprlnK:... 3 90 «4 65
for light-weights.
(Wheat flour In sacks sella at prices below those for barrela.)
6
—
I
———
— —
:
THE CHRONICLE.
460
News
—
New York ^lAte,—Savings Bank Investments.— On February 28 Senator Krum, Chairman of the Senate Committee on
authorizing
Taxation and Retrenchment, introduced a
the savings banks of this State to invest in the bonds of the
Chicago Milwaukee & St. Paul RR. and the Central RR. Co.
bill
—
New
denomination of $1,000, dated April 1, 1901. Interest will be
at the rate of 3%, payable April 1 and October 1. Principal
will mature $50,000 April 1, 1916, subject to call after April
1, 1911, and $lt0,000 April 1, 1921, subject to call after
April 1,1916.
certified check for b% of the amount of
bonds bid for must accompany proposals. Bonds are free
from taxation.
Benton County, Ind.—Bond Sale. On February 25 the
$5,000 Q% 5 year bonds were awarded to Lee Dinwiddle, Fowler, at 109-05.
Following are the bids
Lee Diuwiddle, Fowler
15,475 nO Seasonsrood & Mayer, Cin...,. 15,433 00
A
Items.
Chicago, III.— City Debt Limit.— On Feb. 21, 1901, the
State Supreme Court sustained the decision of the lower
Court, which held that the city of Chicago had reached its
limit of indebtedness. As has been stated in these columns,
the case hinged upon the construction to be put upon the
constitutional limit whether it meant b% of the assessed valuation (which under the new revenue law is one- fifth full
value), or whether it meant b% of the full value at which the
property is supposed to be listed. See V. 71, p. 1183.
of
[Vol. LXXII.
Jersey.
Virgiuia.— Qifer /'o?* Sale of R. F. & P. Stock Withdrawn.
The State Board of Sinking Fund Commissioners has with-
drawn its request for bids for the Richmond Fredericksburg
& Potomac stock. This course was necessitated by the
fact that the Legislature has repealed the Acts authorizing
the State to sell its interest in the above-mentioned road.
West J iTgini&.— Legislature Adjourns. The State Legislature adjourned on Feb. 22, 1901.
Vfjoming.— Legislature Adjourns.— The State Legislature
concluded its business on February 16, the sessions being lim-
—
ited to forty days.
—
:
|
Kleyboite (ji,Co.,Cincin
Mason, Lewis & Co.,ChicaKO..
Farson, Leach & Co., Chic
W.J. Hayes & Sons. Cleve....
S. A. Kean. ChlcaKo
Deulson, Piior & Co., Cleve..
li.
Meyer &
6,600 00
5,404 60
5,487 25
6,476 lO
5,47t)
o,4>i0
00
60
Kiser, Indianapolis.. 5,456 00
Capital Nat. Bank, Ind'lis
5,450 00
Campbell, Wild
&
Co., Ind'lis. 6,431 00
Lamprecbt Bros. Co., Cleve...
Cbas. H. Coffln, Chicago
H. Todd &Co.. Cincinnati.
P. S. Briggs & Co., Cincinnati.
TrowbndKC & Ni>ver Co., Chic.
First Wat. Bank. B'owler
Feder, Holzman & Co. (for 4s)
W.
6,406
6,401
5.400
6,400
6.897
6,380
6,051
26
00
00
00
00
00
00
For description of bonds see Chronicle Jan. 19, p. i50.
Big Stone, S. Dak.— Bonds Voted and Sold.— At the election neld February 23 the issuance of $t,500 5% 10-15-year
(optional) refunding bonds was authoiized. These securities, we are advised, have already been sold.
—A
Billerica, JUass. Bond Bill Passes House.
bill recently
passed by the House permits the issuance of bonds outside of
the debt limit for school purposes.
Binghamton, N. Y.—Bond O^ering.— Proposalsjwill be received until 8 p. M., March 12, by I. C. Hull, City Clerk, for
$18,0t0 33^« registered contingent fund bonds. Securities
are in denomination of $3,000, dated March 1, 1901, Interest
will be payable semi-annually at the office of the City Treasurer. Principal will mature one bond yearly on September 1
from 1908 to 1916, inclusive.
certified check or New York
draft for 5% of the par value of bonds, payable to the City
A
Clerk,
must accompany
proposals.
BoiTling Greeu, Ohio.— Bond Sale.— On February 23 the
Calls
$10,000
sewer bonds were awarded to a local firm at 102'75.
Missouri. Bond Calls.— The following bonds of various For description of bonds see Chronicle Feb. 23, p. 401.
Bojd County, Neb.— Bond Election, The County Board
counties, municipalities, etc., have been called for payment
has decided to submit the question of issuing $5,000 courtas designated
Buffalo Township, Pike Co.— 5% bonds Nos. 38 to 50, Inclusive, house bonds to a vote of the people.
each for $500, dated Jan. 1, 1889. Interest ceased Feb. 15.
Braddock, Pa.— Bonds Voted.— The election held FebruCalumet Township, Pike Co.— 5% bonds Nos. 32 to 34, 37, 46 to ary 19 resulted in authorizing the bond issues mentioned in
Interest
ceased
Feb.
each
for
dated
Ja;
1889.
inclusive,
$500,
1,
50,
the Chronicle Jan. 19, 1901.
15, 1901.
Ca^rthage City.— 5% bonds Nos. 86 to 91, Inclusive, each for $500.
Bridgeport, Conn.— Bonds Proposed.
bill recently inInterest ceased Feb. 1.
troduced in the State Senate provides for the issuance of
CoiVRE Township, Pike Co.— 5% bonds Nos. 72 to 74, inclusive, $400,000 building
bonds.
each for $1,000, dated Oct. 1, 1887. Interest ceased Feb. 15.
Bi'ocbtou, Mass. Bonds Authorized, The State Senate
Glasgow City.— 6% bond No. 8, in denomination of $500, dated
Sept. 1, 1894. Interest ceased Feb. 17,
has authorized the issuance of $100,000 sewer bonds.
LiBEETY Township, Schuyler Co. —5% bonds Nos. 11 and 12, each
Bntt'alo, N. Y.— Bond Bill Passes House.— The bill authorfor $500, dated Jan. 1, 1892. Interest ceases March 1, 1901.
Lincoln Co.— 5% bonds Nos. 77 to 91, inclusive, each for $1,000, izing $150,000 bonds to provide funds to pay for the special
dated May 15, 1 888. Interest ceased Feb. 1.
Pan-American Exposition police has passed the House.
Mejiphis City.— 5% bonds Nos. 1 to 5, inclusive, each for $500,
Caddo Parish, La,—Bo7id Election,— An election will be
dated July 8, 1895. Interest ceased Feb. 15.
held
in this parish on April 18 to vote on the question of issuMound City.-5% bond No. 12, in denomination of $1,000, dated
ing $60,000 i% 30-year jail bonds.
Sept. 1, 1890. Interest ceases March 1.
Peno Township, Pike Co.— 5% bonds Nos. 33, 34 and 35, each for
Cambridge Springs, Fa.— Bonds Defeated. The proposi$l,0u0, dated Nov. 1, 1887. Interest ceased Feb. 15.
Ralls Co.— 5% bonds Nos. 342 to 365, inclusive, each for $500, tion submitted to tbe voters on February 19 to issue bonds
for an electric-light plant was defeated.
dated Jan. 7, 1889. Interest ceased Feb. 1.
Salisbuby City.— .'i% bonas Nos 12 and 13, in denomination of
Campbell (Hinu.) School Bistiict No. 14.— Bond 0/er$1,000. Interest ceased Feb. l, 1901.
inflf.— Proposals will be received until 10 a, m,, March 2i, by
Wakrensbuhg City.— 5% bonds Noe. 91 and92, each for $5 00, dated
W. D. Cross, District Clerk, for $7,000 gold bonds. SecuriDeo. 20, 1889. Interest ceased Feb. 15.
Maltuomali County, Oregon.— Warrant CaH.— Thomas ties are in denomination of $700, dated April 1, 1901. Interest, at the rate of either 4% or 4)^^, will be payable at the
Scott Brooke, County Treasurer, has called for payment counNational Bank of Commerce, Minneapolis. Principal will
ty warrants Class "36" drawn upon the general fund that
were presented and indorsed "Not paid for want of fundb" mature one bond yearly, beginning Sept. 1, 1911. A certifrom March 13. 1900, to April 6, 1900, both dates irclusive. fied check for $15'J will be required.
Canton, Ohio. Bond Election. The City Council has dePascoag (R. I.) Fire District.— Bond Call.—B. D. Steere,
cided to submit the question of issuing $16,000 bonds to a
District Treasurer, has called for payment April 1 at his
vote of the people at the spring election April 1, 1901.
office at the Pascoag National Bank bonds Nos. 1 to 45,
Cherry County, Neb.— Bond Sale. The Board of Educainclusive.
tional Land and Funds has purchased at par an issue of $15,000 4% 10-20-year (optional) bonds of this county. Securities
are dated Jan. 1, liOl, and the interest will be payable semi-
Bond
and Redemptions.
H
—
.
—A
—
—
—
—
Bond Proposals and Negotiations
this
annually.
Cbiliicothe, Ohio.— Bond Q^ertng.— Proposals will be received until 12 M., March 8, by R. H. Lansing Jr., City
Abingdon, III. Bonds to be Issued. This city will issue at Clerk, for $30,500 4% street improvement bonds. Securities
some future date §10,000 5^ 5 20-year (optional) water-works are in denomination of, $500, dated March 8, 1901. Interbonds.
est will be payable annually and the principal will mature
Abron, Oliio.— Bonds Defeated.— At the election held Feb- in fifteen years, four bonds being subject to call yearly, beruary 23 the proposition to issue |25,CO0 park bonds failed to ginning March 8, 1902. A certified check for $500, payable
carry.
In sections 2705 to
to the City Treasurer, will be required.
Alma, Wis.— Bond Election.— At the spring election the 2709, inclusive, of the Revised Statues of Ohio will be found
question of issuing fG.OCO city-hall bonds will be voted upon. the authority for the issuance of these bonds.
Bannock County (P. 0. Pocatello), Idaho.— BoTid OfferClarence, Mo.— Bond Election.— An election will be held
ing— ProTpos&la will be received until 2 p. m., April 8, by J. S. shortly to vote on the question of issuing $5,000 electric-light
Campbell, Clerk of the Board of County Commissioners, for bonds.
$15,000 court-house and jail bonds. Securities were authorCleves, Hamilton County, Ohio.— Bond Ofl'erfngf.— Proized at the November (1900) election. They are in denomi- posals will be received until 12 m., March 27, by D. W.
nation of $1,000. Intertst, at a rate not exceeding Q%, will be Gwaltney, Village Clerk, for $1,053 5% sidewalk assessment
payable January 1 and July 1 at the office of the County and $1,450 5% sidewalk construction 1-lOyear (serial) bonds.
Treasurer or at the Chase National Bank of New York City. Securities are issued pursuant to Section 2334, A, B and c.
Principal will mature $1,500 yearly, beginning ten years Revised Statutes of Ohio. They are in denomination of oneafter date of issue, all the bonds, however, being subject to tenth total amount, dated Feb. 1, 1901. Interest on the ascall at any time after ten years.
Each bidder is required to sessment bonds will be payable annually at the Market Nadeposit with the First National Bank of Pocatello a certified tional Bank of Cincinnati and on the construction bonds
check for $2,500.
semi-annually.
certified check for 1% of the bonds bid
Battle Creeb, Mich.— Bond Election. An election will be for must accompany proposals.
held April 1 to vote on the question of issuing;^$50,000 cityCohoes, JN. Y.— Bonds Proposed.— A bill now before the
hall bonds.
State Legislature provides for the issuance of $50,000 school
Berks Connty, Pa.—Bond O^ering.— Further details are bonds.
at hand relative to the sale on March 19 of $150,000 bonds.
Columbus, Ga.—Bond Election. April 18 has been fixed
Proposals for these bonds will be received until 12 m. of that as the date upon which the question of issuing the $125,000
day by the County Commissioners at Reading. They are in 314% sewer bonds will be voted upon."
week have been
as follows
:,
—
—
A
—
March
— — ——
—
—
THE CHBONICLE.
2, 1901.J
Colambns (Ohio) School District.— Bond Ofering.—Ptoposals will be received until 12 m., March X6, by the Board
of Education, tor $85,000 3J^^ school bonds. Securities are
in denomination ot |1,00:), dated Feb. 1, 1901. Interest will
be payable eemi annually at the National Park Bank, New
York City. Principal will mature Feb. 1, 1921. Securities
are issued under authority of Section 3994, Revised Statutes
certified check for $1,000, payable to the Board
of Ohio.
of Education, must accompany pronosals, which must be on
forms furnished by the Board of Education. An issue of
bonds of like description was sold on February 5 to E. H.
Rollins
Sons, Boston, at 104"63, and if the above is the
same issue we are not informed of the reasons for the re-sale.
are advised that
Dade County, Fla. Date of Bonds,—
the $150,000 il4i court-house, jail and road bonds mentioned in the Chbonicle Dec. 15, 1900, will be dated Aprill,
Interest
1901, and will be offered for sale about that date.
will be payable semi-annually in Miami, and the principal
will mature April 1, 1921, subject to call after April 1, 1911.
Dnblin (Ga.) School District.— Bond Election.— Th\s district will vote in the near future on the question of itsuing
§20,000 bonds.
Dublin (Texas) School District.— Bonds Voted.— At the
election February 13 the proposition to issue |17,(;00 5% 20
year bonds was voted upon favorably.
Easton, Pa. Bond Ordinance Defeated, An ordinance
providing for the issuance of |35,000 fire department, $25,000
street and sewer and |30,000 electric- light bonds has been
defeated in the City Council.
East Plltsbnrg', V a.— Bids Rejected.— FoWowmg are the
bids received February 25 for the $55,000 5% bonds
A
&
We
—
:
$60,650 50 Dick Bros. & Co., Phila'pbia $58,300 00
& Co., Cincin
Feder, Holzman & Co.. CIn... 60,511 00 SeasougoodA Mayer, Cincm. 67.775 OU
57,i5O0 00
Denison, Prior & Co.. Cleve.. 6o,SOOOO| Duke M. Farson, Chicaiio
W. K. Todd & Co.. Cincinnati. 59,400 00 bamprecht Bros. Co., Cleve. 6S,650 00
The bids were not considered high enough and were rejected. [Bonds will be re advertised^for sale, with the interest
rate changed to 43^^.
Eugene (Ore.) School District.— Bond ^^eciion— This district will vote in the near future onj.the question of issuing
$25,000 school-house bonds,
Fern Bank, Ohio.— Bond Sale.— On February 19 the firm
of Seaaongood & Mayer, Cincinnati, was awarded the
$1,189 02 5^ 1-10-year (serial) Catalpa Road bonds and the
$506 71 5% 1-10-year (serial) sidewalk bonds at 104 66 and
p. S. BrlcKS
I
I
.
|
105"97,
For description of bonds
respectively.
icle Jan.
—
see
Chron-
26, p. 202.
Fort Edward, N. l.—Bond Sale. -Oa February 28 the
$18,000 4^ 5-22-year (serial) judgment bonds were awarded to
Isaac W. Sherrill, Poughkeepsie, at 107*67- an interest basis
of about 3'384$g. Followicg are the bids
451
Iberia and St. Mary Drainage District, La.— Bond Offering.— ProTpoaalB will be received until 12 m., March 11, by
A. L, Monnot, President, for the .$!( 0,000 H^ 30-year bonds of
this district mentioned in the Chronicle Nov. 3, 1890. Securities will be in denomination of $1,GCC'.
Interest will be
payable annually on April 1 at place to be named by the
purchaser.
Ilion, N. Y.—Bond Bill Passes Legislature.-The State
Legislature has passed a bill legalizing the iseuance of $30,OOf) electric- light- plant bonds.
Indianapolis, Ind.— Bids —Following are the bids received February 20 for the §143,000 ?j14% bonds
:
Capital Nat. Bank, lnd'lis...?144,766 00
Parkinson & liurr. Boston.. 144,ti73 10
144,.08O 00
Union Trust Co., Ind'lis
Indiana Trnst Co., Ind'Ils...$U4,C60 00
N. VV Harri»*Co.. Chlo... 144,00900
Campbell, Wild & Co., Ind'li. 144,(01 00
14<),.^30 11
H Kleybolte A Co., Cincin.. 143,906 80
EstabrookACo., Boston
W. .1. Hayes & Sons, Cleve.. 144,100 CO Denlson, Prior & Co., Cleve. 14-^.673 00
00
Ind'lis.
144,072
Meyer
ic Kiser,Ind)aDa|)OliH. 143,371 80
Merchants' Nat. B'k,
As stated last week, bonds were awarded to the Capital
National Bank at 101-23.
Irwin, Pa.— Bonds Defeated.— The propof-ition to issue
$30,000 sewer bonds was defeated by a vote of 162 for to 213
against at the election held Feb. 19. 1901.
Ithaca, Mich.— Bond.s Foied. —This village has voted to
issue $15,000 4% 5-19year (serial) sewer extension bonds. The
date for the sale of these bonds has not yet been determined.
Kalamazoo, Mich. Bond Election. At the spring election
this city will vote on the question of issuing $50,000 streetpaving bonds.
Knox County, Tenn.— Bonds Proposed.- Legislative action
is being sought to authorize the issuance ot $100,000 road
bonds.
Lauderdale County (P. 0. Florence). Ala.— Bond Offeriny.— Proposals will be received until 12 M., March 14, by J.
J. Mitchell, Judge of Probate, for $10,000 4^^ court-house
bonds. Securities are authorized by an Act of the State
Legislature approved Nov. 23, 19C0. Ttiey are in denomination of $500 and will be dated about April 1. 1901. Interest
will be payable annually in New York City, and the principal
will mature in thirty years from date of issue.
Bonds are
exempt from taxation. A certified national bank check for
$1,000 must accompany proposals. The bonded debt of the
county other than the above issue is $10,000, and the assessed valaation $4,000,000.
Lanrium, Mich.— Bond.s Foied.— This place recently voted
in favor of issuing $100,000 public-improvement bonds.
McComb, Pike County, Miss. Bond OfferinQ.-PTo-posalB
will be received until 8 p. m., March 5, by J. Deck Harrell,
City Clerk, for $4,000 G% 20 year bonds. Securities are in denomination of |5C0 and will be subject to call before ma-
—
turity,
Macon, Ga.— Bonds Voted and Sold.— At the election held
106-61
W. Shorrlll, Poughkeepsie.... 107-67 Denlson. Prior & Co.. Cleve
February 19 the proposition to issue $70,000 3% 30-year
l(i7-42
W. J. Hayes & Sons. Cleve
W. R. Todd &Co.. New York... .106-00
104 34
Ijawrence Barniim & Co., N. Y.107W1
S. A. Kean, Chicago
bridge and improvement bonds carried by a vote of 321 to
Ui7'14
M. A. Stein. New York
R. Kleybolte & Co., New York.. 102-19
These bonds, as stated in the Chronicle Jan. 19, are to
11.
107-03
100-00
Geo. M. Halin. New York
Henry A. Clifford, Boston
taken
by the Bond Commission at par.
be
For description of bonds see Chronicle Feb. 16, p, 351.
Magnolia (Wetzel County, W. Ya.) School District.—
Fostoria, Ohio.— Bond Sale.—Oa February 25 the $12,500
Proposals will be received until 6 p. m.,
4% 20-year refunding t^oads were awarded to W. J. Hayes & Bond Offering.
Sons, Cleveland, at 1C6 456— an iifterest basis of about 3-547^. March 29, by the New Martinsville Bank in the town of New
Martinsville, for $35,000 6^ bonds. Securities are in denominaFollowing are the bids
W. J. Hayes & Sons. Cleve... .$13,307 00 Lamprecht Bros. Co., Cleve.. $12,Pn-i 75 tion of $100, dated Dec. 15, 190O. Interest will be payable
P. S. BrlKKS & Co.. Cincin
13.280 00 Feder, UolzmanA Co.. Cincin. j2,S-0 00
annually at the above-mentioned bank. Principal will maSeasoneood & Mayer. Cln
13,208 50 Denlson. Prior & Co.. Cleve. 12.76S 76
ture Dec. 15, 1934, subject to call after Dec. 15, 1910. A
R. Kleybolte & Co.. Cincin... 13,1»1 00 Mechanics' BanklngCo, FosW. R. Todd & Co.. Cincinnati. 18,150 00 toria
12.600 03
certified check on a New Martinsville bank for 1% of bid,
For description of bonds see Chronicle Feb. 16, p. 351.
payable to L. J. Williams, Secretary Board of Education,
Freeport, Wood County, Ohio.— Bond O^eHngf.— Proposals must accompany proposals. The district has no indebtedwill be received until 12 M., March 25, 1901, by Thos. J. Max- ness at present. The assessed valuation is $1,017,599 and
well, Village Clerk, for $15,000 6% water bonds.
Securities the population 3,702.
are issued under authority of sections 2835 and 2837, Revised
Maiden, Mass.— Loan Authorized.— The Board of AlderStatutes of Ohio. They are in denomination of $750, dated men has authorized the City Treasurer to borrow $400,000 in
April 1, 1901. Interest will be payable semi-annually and anticipation of the collection of taxes.
the principal will mature $1,500 yearly on April 1 from 1903
Marquette, Mich. Bond Ojfering.— Proposals will be reto 1912, inclusive. Either money or a certified check for $500 ceived until 8 p. M., March 4, 1901, by Franklin E. Bay, City
on some bank in Freeport must accompany proposal?.
Comptroller, for $10,000 4% general-expense bonds. SecuriGardner, Mass.— Bond Offering Wtthdraivn.— The $49,000 ties are in denomination of $500. dated Jan. 1, 1901. Inter5}4% sewer bonds proposals for which bad been asked for est will be payable semi-annually at the office of the City
until February 26 were rot sold on that day, as the offering Treasurer. Principal will mature Jan. 1, 1911.
had previously been withdrawn. Securities will not be reBond Election.— At the spring election April 1 the quesoffered until after a meeting of the town, which will be held tion of issuing $20,000|]8treet and sewer-improvement bonds
this month.
will be voted upon.
Glen Hock, Pa.— Bonds Fo^ed.— At the election held FebMartinsburg, W. Va. Bonds Proposed.— Thie city proruary 19 the proposition to issue $18,000 3}^^ water bonds poses to issue in a few months $76,000 rtfunding and $33,000
carried. The date for the sale of these bonds has not yet water bonds.
Details of the bonds are yet to be determined
been determined.
upon.
Gonzales County, Texas.— Bond ^/ecfton.— On April 20
Massachusetts. Bond O^ermgf.— Proposals will be rethis county will vote on the question of issuing $30,000 bridge ceived until 12 M., March 5, by Edward S. Bradford, Treasbonds.
urer and Receiver- General, for $3,000,000 3| gold "MetroHamilton, Ohio.— Bonds Authorized.— The Board of con- politan Water Loan." Securities are authorized by Chapter
trol has authorized the issuance of $6,000 4% storm-sewer 488, Laws of 1895.
They are coupon bonds in denomination
bonds. Interest on bonds will be payable January 1 and of $1,000, dated Jan. 1, 1901. Interest will be payaole semiJuly 1 and the principal will mature $1,000 yearly on Jan- annually at the office of the State Treasurer. Princioal will
uary 1 from 1903 to 1908, inclusive.
mature Jan. 1,1941. A certified check for 2$ of bid must
Hartford (Conn.) South School District.- Bond Bill accompany proposals.
Passes Senate.— The State Senate has passed the bill authorMechanicsburg, Fa. Bonds Defeated.— At the election
izing the issuance of $20(',000 bonds.
held February 19 the question of issuing $20,000 street-imHartford (Conn.), West Middle School District.- Bonds provement bonds was defeated.
Proposed
bill now before the State Legislature provides
Michigan City, lud.— Bond 5a/e.— This city, according to
for the Issuance of $125,000 4% bonds,
local papers, has issued §33,300 street improvement bonds
Haverhill, Mass.— Bonds Authorized.— The Aldermen have to the Warren-Scharf Asphalt Paving Co. in payment for
authorized the issuance of $35,000 bonds.
the work done.
Hendricks County, Ind.— Temporary /^oan.- This county
Mlddletown, Conn.— Loan Authorized.— ho&uB aggregathas borrowed temporarily from the Danville Trust Co. the ining $50,000 have been authorized in anticipation of the
:
I.
—
:
. .
.
—A
sum
of $5,000 at
(j%
interest.
collection of taxes.
——
THE CHRONICLE.
452
Monmoutb County, N. 3.—Bond Sale.— On February 28
the $65. 000 4% bridge bonds were awarded to Jodn D. Everitt
Co , New York, at 101'60. A bid was also received from
&
Tbompson, Tenney
&
Crawford of
New York
City,
:
Thompson, Tenney & Crawford, 105145 Lawrence Barnum & Co., N. Y. 104-93
Jno. U. Everitt & Co.. N. Y
106'08
N. W.Harris*; Co.. New York..l04*77
104-26
M. A. Stein, New York
l()6-0t
Walter Stanton & Co.. N. Y
I
I
W.
BOi>JDS.
each and one will be for §500; all of said bonds will
bear interest at the rate of four per cent per annum,
payable semi-annually, with coupons attached for
each half-year's interest, and will provide for the
conversion of the same into a registered bond at
the option of the holder; $85,000 of said issue will
mature In ten years and $30,500 in flifteen years from
the date thereof. The bonds will be sold to the
person or corporation ofiering terms which in the
judgment of the Council will be most advantageous
to the town. The Council reserves the right to reject any or all bids if deemed for the Interest of the
after the award
made.
The bonds will be dated and will be delivered to
the purchaser on the first day of April. 1901.
Is
By order of the Town Council
West New York.
of the
FRANCIS
P. O. Address, Taurus,
Hudson
BAN
St.,
—
:
Chapin Nat. Bank, Springfield..
Blake Bros. & Co., Boston
N.
Co.,
KEKH.
'"'"'"ViiidUm"'""*'''
&
3'48)6
& Co., Boston
8"55%
:
from 1902
to 1911, inclusive,
clusive, all
ten years.
and
from 1912
to 1921, inbeing subject to call after
$2,000
bonds unpaid, however,
INVESTMENTS.
$75,000
STATEofCOAHUILA,
OF MEXICO,
U. S.
6%
Bonds.
GOLD BONDS.
Price to yield 5%%,
&
Trowbridge
LISTS.
First
§
Exchange Place, Boston.
131 Euclid Avenue, Cleveland.
Niver
Co.,
CHICAGO, ILL,.
National Bank Buildins.
MASON, LEWIS & CO.
BANKERS,
CHICAGO,
BOSTON,
Monadnock Buildins,
Investment Securities
SAVINGS BANKS and TRUST FUNDS
H BONDS A
EDW.
NBW
C.
YORK,
PHIIiA.,
-
1
112 SO.
BONDS.
^
•'•'-'
Choice Issues.
LIST ON APPLICATION.
CO.,
NASSAD strbbt.
-
FOURTH
ST.
T. B. POTTER,
MUNICIPAL and Dr\Mnc
BUNUb,
CORPORATION
Perry, Coffin
&
Burr,
INVESTMENT BONDS.
6o State Street,
BOSTON.
172 Washington Street,
CHICAGO,
•
Co.,
E. H.
ILLS.
•
LIST ON APPLICATION.
INVESTM ENT SEC URITIES.
MUNICIPAL
> -^ ^ ^
-^ ^
RAILROAD
BONDS
CORPORATION*
,
^
ecurities Netting from
4^
to
6 Per Cent
MUNICIPAL
alvcays on hand.
SEND FOR LIST.
AND
ROBY ROBINSON,
Public
Service
ATLANTA
Oorporation
BONDS.
ROLLINS & SONS,
15 Wall Street, New York.
STATE, CITY & RAILROAD BONDS Denver.
St.
Street Railway and Gas Companies.
SPECIALTY.
JONES &
00 Devonshire
MUNICIPAL
RAILROAD
CORPORATION
FOR
York.
Congress Street, Boston.
3-42«
Sanser, Boston
Estabrook
—
SEND FOR
BANKERS,
16
&
3'40!f
A
Cablk Address:— SABA.
Blodget, Merritt
Curtis
Co..
are in denomination of $500 and one of $377 91, all dated
Interest will be payable annually at the First
1, 1901.
National Bank, Cincinnati.
certified check for 5% of the
amount of bonds bid for, payable to the Village Clerk, must
accompany proposals. The authority for the issuance of
these bonds will be found in Section 2701, Revised Statutes
of Ohio.
Quincy, Mass. Bonds Proposed. The issuance of water
bonds to the amount of $30,000 is being considered.
Racine, Wis. Bond Offering.—Fropossds (sealed or open)
will be received until 2 p. M., March 11, by John M. Freeman, City Treasurer, for $50,000 4.% paving bonds. Securities are in denomination of $1,000, dated March 1, 1901.
Interest will be payable at the office of the City Treasurer.
Principal will mature yearly on March 1 as follows
$3,000
Grade
High
Companiei'
New
Bond & Goodwin. Boston
March
DEALERS in
Boston.
Deal in Bonds of
Railroad, Street RaiU
way, Gns and Electric
Light
Boston
F. S.
3-.-4%
Loan matures Nov, 1, 1901,
Pleasant Ridge, Ohio.— Bojtd O^erinflf.— Proposals will be
received until 12 M., March 26, by J, B. Hayden, Village
Clerk, for $5,377 91 4% 15-year refunding bonds. Ten bonds
J.
CO.,
Moseley &
3-20?
Blodget, Merritt 4 Co., Boston.. 3-34*
KdKerly & Crocker, Boston
3-:-t6SS
Rogers, Newman & Tolman.Bost. 3-37%
of
TONN,
Town Clerk.
I
&
OENISON, PRIOR&CO.
Government and MuAVAILABLE IN ALL nicipal Bonds Bought
PARTS or THE WORLD. and Sold.
Quotations furnished for purchase, sale or exchange
81 Nassau
York...l05-(J0
WK OWN AND OFFER
Chicago.
Issue Travelers'
Letters of Credit
New
F.
W. HARRIS &
New York.
Town
Co.,
INVESTMENTS.
town
so to do. No conditional proposal will be received. Each proposal must be accompanied by a
deposit of fifteen hundred dollars, which may be
either in cash or certified check payable to the
order of the Town Treasurer. The deposits of unsuccessful bidders will be returned immediately
&
to R. Kleybolte
Co., Cincinnati, at 107-116.
The City Treasurer
Plttsfleld, Mass.— Temporary Loan.
on February 25 borrowed $75,000 from the Chapin National
Bank of Springfield at S-20i. The following offers were
made for the loan
A
^EWER
|
K. Toild
For description of bonds see Chronicle Feb. 16, p. 353.
Pentwater, Oceana County, Mich.— Bond Sale.— Oa Feb.
25 the $6,000 5% 5-16-year (serial) park bonds were awarded
A
INVESTMENTS.
Town of West New York
LXXn.
&
which
—
Sealed proposals will be received by the Town
Council of the Town of West New York, at the
Council Chamber, in the Town Hall of said town,
on Monday evening, March 4, 1901, at eight o'clock,
for the purchase of $55,000 outlet sewer bonds to
be issued by said town under authority of Chapter
164, Laws of 1900; 55 of said bonds will be for $1,000
[Vol.
Paterson, N. 3.— Bond Sale.— On Feb. 28 the $150,000 i%
10-year street-improvement bonds were awarded to Thompson Tenney
Crawford, New York, at 105'145—an interest
basis of about 3'39^. Following are the bids
For full description of
firm offered 101 50 for the bonds.
securities see Chronicle Feb. 23. p. 403.
New London, lovf&.— Bond Election. On March 18 an
election will be held at which the question of issuing |6,000
electric- light-plant bonds will be voted upon.
Newport, N. H.— Bonds Projsosed.— Permission to issue
funding bonds has been asked of the State Legislature.
Norwood, Ohio.— Bond Election.— At the spring election
the question of issuing $30,000 bonds for the improvement of
the electric-light plant will be voted upon.
Oktibbeha Comity (P. 0. Starkyille), Miss,— Bond Offering.— Pro-posals will be received until 12 m.. April 1, 1901, by
R. M. Cotton, County Treasurer, for $35,000 G% court-house
bonds. Securities are in denomination of $500, dated Feb. 4,
Interest will be payable annually and the principal
1901.
will mature in twenty-five years, subject to call after five
certified check for $1,000, payable to the Countv
years.
Treasurer, must accompany proposals. The above issue will
constitute the only indebtedness of the county. Thb assessed
valuation in 1900 was $1,857.554— about one-half real value.
Population in 1900 was 20,183,
Osawatomie, Kan.— Bond Ojferinsf.— Proposals will be received uniil 7:30 P. M., March 20, by W. C. Tator, City Clerk,
for $38,700 5^ water- works bonds. Securities are in denomination of $200. Interest will be payable semi-annually and
the principal will mature in twenty years, $10,000 of the
bonds being subject to call after ten years. The present
bonded debt of the city is |26,000. The assessed valuation is
certified check for $250, payable to the City
$323,865.
Clerk, must accompany proposals.
Otsego, N. T.— Bond Sale.— On February 23 this town sold
an issue of $7,500 3^^ refunding bonde to M. A. Stein. New
York Citf. Securities are dated March 1, 1901, and fifteen
bonds will be in denomination of $200 and fifteen of $303
each. Interest will be payable' semi-annually at the First
Principal will mature
National Bank of Cooperstown.
yearly on March 1, $200 from 1902 to 1916, inclusive, and
$300 from 1917 to 1931, inclusive.
N.
«
F.
R.
GA.
FULTON & CO.,
Municipal Bonds,
171
BOSTOBf.
San Francisco.
LA SALLE STREETf
CHICACO.
— —
March
—
—— —
THE CHKONICLE.
2, 1901.J
Rhode Island. Bond Bill Passes Legislatune.— The State
Legislature has passed the bill providing for the issuance of
$700,C00 3^ gold bonds, to be known as the " Third State
House Construction Loan."
RocbesteT,'S.Y.— Temporary Loan.— The City Comptroller on February 85 borrowed |175,000 for three months from
C. S. Lunt & Co. at 3 44^ interest and SS215,000 for eight
months from the Rochester Savings Bank at '6}4% interest.
Myron W. Greene of Rochester offered to take ilOO,000 of
the latter loan at 3 65^5 and the Security Truet Co, Rochester, cfferpd to take the three-months' loan at 3 48^.
Sacred Heart (Minn.) School District.— Bonds Voted.—
This district has voted in favor of issnmg bonds for a new
school house.
St. Panl, Minn.— Certificate Sale.— On February 15 the
City Comptroller issued $200,000 3% certificates to local investors at par.
Sault Ste. Marie, Mich.— Description of Bonds.— Thia city
has not yet decided when to issue the $120,000 water bonds
voted at the election held June 9, 1900. These bonds will
bear 4% interest and will mature in twenty years.
Savannah (Mo.) School
District.
terest will
hall kite.
Shawneetown, 111.— Bond Sale.— An issue of $26,000 5% 20year refunding bonds has been put cut in exchange for old
bonds bearing 7^ interest.
Sooth Omaha, Neb. Bond Sale. This city has issued
$8,600 Q% bonds of eewer districts Nos. 108, 109 and 110.
These bonds have been taken at par by Geo. L. Dare & Co.
and Chas. Dunham of South Omaha, contractors for the
work.
Bond O^ertng.— Proposals will be reSpartanburg, S.
ceived until 12 M., March 29, by Joseph M. Elford, City
Treasurer, for $50,000 4% 30-year street-improvement bonds.
A certified check for $2,0C0 must accompany bids.
Stoueham, Mass.— Bond Bill Passes House. The House
has passed the bill authorizing the iesuance of $60,000 school
bonds.
Snnbary, Pa.— Bond.? Defeated.- On February 19 the
proposition to issue $5,500 sewer bonds met with defeat.
On February 25 this
Sjracuse, N. Y.— Temporary Loan
city negotiated an eight-months' temporary loan with Myron
W. Greene of Rochester at 3}4^ interest per annum.
Talladega, Ala.- Bond 6'a/e,— On February 25 the $50,000
5}4% 30 year gold water and light bonds depcribed in the
Chronicle Dec. 8, 1900, were sold to W. J. Hayes & Sons,
Cleveland, at par and accrued interest.
Tamaqaa, Pa.— Bond.s- Defeated.— At the election held
February 19 the proposition to issue $70,000 water and paving
bonds was defeated by two votes.
Taunton, Mass. Bonds Proposed. The iesnance of $100,000 ii}4% sewer bonds is being considered.
Tekonsha, Mich. Bond Election. At the regular spring
election to be held this month the question of itsuing $3,0CO
gewer bonds will be submitted to a vote of the people.
Terrell (Texas) School Dfstrict.-Bond Sale.— On February 15 this district sold $10,000 of the $18,000 4% 10 40-year
(optional) bonds mentioned in the Chronicle Dec. 29, 1900,
—
C—
—
Bonds Defeated.— At
—
:
Hamilton Street notes, two in denomination of $423 Sd and two of
*4^3H7.
10,006 46 Sclienectady Street notes, tv.o in
of
^•^filtt
denomination of $2,516 37 and two
-.io.
—
—
12,291 68 Church Street notes, in denomination of $3,072 92.
5,696 CO Clinton Street notes. In denomination of $1,424.
4,740 52 Lafayette Street notes, in deuomination of $1,185 13.
Securities are dated Feb. 28, 1901, and will mature one note
of each eeries yearly on May 28 from 1902 to 1905, inclusive.
Interest will be payable annually.
Schuyler County, 111.— Bond Q^erinflr.— Proposals will be
received until 12 m., March 12, by the County Clerk, for
$12,000 5% jail bonds. Six bonds are in denomination of
INVESTMENTS.
SPECIAL OFFER.
New York Oitv
TAX EXEMPT
3, 31 and 4^ Bonds.
MISCELLANEOUS.
INVESTMENTS.
LONDON AND PARIS Geo. D. Cook Connpany,
EXCHANGE,
$750,000
PRICES TO RETURN 3 PER CENT
ON INVESTMENT.
Leach &
Farson,
35
NASSAU
ST.,
Co.,
NEW YORK.
A.R.Macfarlane&Co.
BANK.JEM8 A.ND BSOKESS,
DULUTH. MINN.
[Members American Bankers'
A8s'n.j
DSAUEBB IN
Commercial Paper, Mortgage Loans,
Local Stocks and Real Estate.
Act
M aKents lor non-resident property owners and
investors.
and twelve of $500 each,
all dated April 1, 1901.
Inbe payable semi-annually at the office of the
County Treasurer in Rnshville. Principal will mature $4,000
yearly on April 1 from 1901 to 1906, inclusive.
Seymour, Ini.— Bonds Defeated.— On February 18 this
city voted against the issuance of $16,000 bonds for a city-
$1,000
the election held February 18 184 vol es were cast in favor of
issuing $16,000 school house bonds and 147 against, the bonds,
however, being defeated, as a two-thirds vote was required.
This is the fourth time this question has been voted upon
and it is expected that another election will be held in the
near future.
Schenectady, N. Y. Note Sale.—M. A. Stein, New York
City, was awarded on February 28 4% street-paving bonds
aggregating |34,489 12 at 101 "83. Bonds are as follows
$1,696 46
453
24
Ld.,
IHVESTMENT SECURITIES.
Bankers and Exchange Agents.
HEAD OFFICE:
Throgmorton St., London, E. C.
The exchanse
prepared to entertain
proposals for introducins South African
and Rbodesian shares in America.
Only first-class propositions.
ia
RAILROAD,
CORPORATION,
MUNICIPAL,
50 Wall
New
)
[BONDS
^^^^ ^^'
New York
Send for our Investment Circular.
DUKE
FARSON,
M.
Banker,
115 Dearborn
Municipal Bonds.
Office.
52 Broadway.
Street.
An
MUNICIPAL BONDS.
Stanwood &
E. C.
New York Life Bldg.,
Queen Building,
& William Sts. La Salle & Monroe Sts.
Chicago.
New York City.
Cedar
CHICAGO.
Co..
1.
121
Fred.
Member
this
Company
a Guarantee that
The books hare been closed
Devonshire Street*
in a
proper manner.
2.
Any
3.
The simplest modes
carelessness or irregularities
hare been discorered.
H. Smith,
STOCK BROKER, 8 BROAD
Audit bv
is
BANKERS,
ST., M. Y.
of book-keeping
haye been suggested.
N. Y. Con. Stocli Exchange.
Street,
STOCKS, BONDS, GRAIN.
BouKbt, sold and carried upon moderate marsln
COMMISSION I-IGTH.
York.
Book of Hallway
Statistics
Tel. 2386 Cort.
James
N. Brown & Co.,
BANKERS,
6» CEDAR STREET. NEW YORK.
Dealers In Government, Municipal, Railroad and Corporation Bonds.
IlfTEItJEST ALLOWED ON DEPOSITS,
Orders executed on N. Y. Stocit ExchauKe.
SOUTHERN AND WESTERN
SECURITIES.
D. H. LIVERMORE,
SUCCESSOR TO
SI
CHICAGO.
)
List on application.
No.
Street,
MUNICIPAL BONDS. The Audit CoMPAN?
Secnrities Netting from 33^ to 6^
OF NEW YORK.
ALWAYS ON HAND.
BOSTON.
BARSTOW, J ESTER & CO.
238-240 La Salle
upon Application.
Established
GENUINE
Vf ELDED CHROME STEEL AND IROK
^^
Flat Bars and 6-ply Plates and Anslei
Ac.
drilled, and positlTely
Burglar Proof.
FOR SAFES, VAULTS,
Cannot be Sawed, Cut, or
CHROME STEEL WORKS.
ROSENREKGKR Sc L.IVERniORE
Kent Are. Keap and I^ooper Sta.,
NASSAU STREET. NEW YORK Sola Man'reis In the U. 8. BROOKLYN
the books do not present a tme
commercial situation, the fact
will have been pointed out.
18(^8
SECURE BANK VAULTS.
aound and
4. If
N.T,
Inspections of books are made without
charge, for the purpose of quoting
prices. Terms are reasonable because
of the despatch with which audits are
made and reports are furnished. Managerial oversight is given to all ac-
counting.
I
Bonds and Investment Secnrities
TO NET FROM
CORRKjiPONDK.NCE
3
TO
6».
INVITKD.
B. POWELL & CO.,
HARRY
WOODSTOCK. VERMONT.
—
—
—
THE CHRONICLE.
454
Permanent School Fund at par and accrued inFor description of bonds see Chronicle above men-
[Vol. LXXII.
$10,000 Riddlebergers
"
lO.COO
"
l'>,000
"
5,000
to the State
terest.
tioned.
Thief RiTer Falls, Minn.— Bond O/ertngr.— Proposals will
be received until 8 p. m., March 6, for $7,500 5% 15-year
electric-light-plant bonds. Securities were authorized at a
recent election by a vote of 200 to 16.
Troy, Ohio.— Bond Oj^er ir?fir.— Proposals will be received
until 12 M., March 19, by N. K. Staley, City Clerk, for $8,000
4i funding bonds. Securities are in denomination of $1,000,
dated March 1, 1901. Interest will be payable semi-annually
and the principal will mature March 1, 1911. Securities are
issued under authority of Section 2701, Revised Statutes of
Ohio. A cash deposit or a certified check for |50 will be required with bide.
Two Rivers, Wis.— Dafe of Bond Election.— March 6 has
been fixed upon as the date upon which the question of issuing $20,000 electric-light and water bonds will be submitted
to a vote of the people.
Ulster County, N. Y.— Bond Sale.— On February 19 the
$50,000 4^ 1-25-year (serial) refunding bonds, $30,000 4^ 25year jail bonds and $10,000 i% 1-5 year (serial) turnpike
bonds were awarded at public auction as follows
DL8TEB COUNTY BEFUNDING BONDS.
:
Maturitv-
PurcJiaser.
1902....New Paltz Sav. Back..,
1903....8augerties Sav. Bank..
1904....Saugertles Sav. Bank..,
1905. ...New f'altz Sav. Bank
1906 .. New'Paltz Sav. Bank..,
.
1907....Ron(lout Sav. Bank
1908....Rondout Sav. Bank ..
1909....SauKertles Sav. Bank..
1910....Saugertie.s Sav. Bank..,
191I....Ron(lout Sav. Bank
.
MatUTitv.
Purchaser.
Price.
1915....Saugertie8 Sav. Bank. ...111-05
111-60
1916....Rondout Sav. Bank
112-13
lP17....Rondout Sav. Bank
1918....SaBgerties Sav. Bank.. ..112-91
1919 .. Rondout Sav. Bank
11325
1920. .. .New Paltz Sav. Bank ...113-82
1H21
114-25
Rondout Sav. Bank
1922
Saugertleg Sav. Bank .. 114 84
115-25
1923.... Bond out Sav. Bank
1S24. . . .Rondout Sav. Bank
115-76
1926....Saueertie9 Sav. Bank. ...11630
1926... Rondout Sav. Bank
lie-82
Price.
.1(0-93
.101-87
.102-71
103-68
.104--t6
.105-36
.106 25
.107-04
.107-54
.108-25
.
.10900
19ia....Rondout Sav Bank
1913....Saugerties Sav. Bank.. .109-67
. .
,
1911....Sauger(ies Sav. Bank.., .110-38
ULSTER COUNTY JAIL BONDS.
1926.
.Rondout Sav. Bank
. .
|
103-36
1905. ...Rondout Sav. Bank
190d....8iiugertie8 Sav. Bank. ...104-20
I
bonds see Chronicle Feb. 9, p. 305.
Bonds Purchased.— The Sinking Fund Commissioners on February 20 purchased the following bonds
For
full description of
Yirginla.
:
MISCELLANEOUS.
1850.
Stringfellow.
lOOOO
Thos. Branch &Co.
Alston Cabell
States
Insurance Co.
THE CITY OF NEW
Life
1903 to 1914, inclusive.
Waller County, Texas.— Bonds Authorized,
I
I
I
New 1st Nat. B'k,;Columbu8.. 67.730 00 P. 8. Brlegs & Co., Cincinnati. 67,300 00
For description of bonds see Chronicle Feb. 2, p. 255. t:;;;^
Woonsocket, R. I. Bonds Authorized by Legislature.
Bills authorizing the issuance of $50,000 water-works-improvement, $200,000 sewer and $200,000 funding water bonds
have passed the Legislature.
Bond Election.
Wyandotte (Mich.) School District
The question of issuing bonds for a new school house will
be submitted to the voters of this district.
Yonkers (N. Y.) School District.-Bond Sale.— On February 25 $3,600 8}4% 19 year bonds were awarded to M. A.
Following are the bids
Stein, New York, at 104 '27.
104-27
103-02
S. A. Kean. Chicago
M. A. Stein. New York
10303
VV. R. Todd & Co., New York... 101-50
Geo. M. Hahn, New York
|
—
:
I
|
and successful Agents
NEW YORK.
WALL ST.,
this
well-entablished and jirogressive Company,
thereby securing for themselves not only an
immediate return for their tvork, but also
Investment Bonds.
WM. FRANKLIN HALL
ate with their success, are invited, to com-
with the utmost
care and efficiency,
tions conducted
The Mutual
IjIFE
insurance
CO.,
NEWARK,
AMZI DODD,
Assets (Market Valuesi Jan. 1, 1901.... $74,311.4^8 25
Liabilities (N. J. and N. Y. Standard). 68,180,103 34
Surplus
6,l)i5,36i 91
MUTUAL BENEFIT POLICIES
Contain
Special and Peculiar Advantages
policies of
combined
in
&
BROADWAY, N. Y.
Investigations and Reports oo
Electric Railway, Gas, Electric
Light, and Power Transmission
Properties for Financial Institutions and Investors.
Li^ht and
Electric Railways, Electric
Electric
Power Plants
Desio'ned and Built.
Financed
Sells,
3 to
5M
Lists sent
Bond*
Per Cent.
on application.
W. J. HAYES
& SONS,
111 Consress Street, Boston.
Cbamber of Commerce Bids.,
Cleveland, Ohio*
Certified Public Accountants,
N. J.
President
whicii are not
Haskins
Benefit
CO.,
Engineers, Contractors,
municate with RICHARD JE. COCSRAN, '
BOSTON, MASS
wltlte^steit?'
Thitd Vice-President, at the Company's
Books audited. Examinations and investig*
Office, 277 Broadway, New Torh City.
Assets, over $>«,00U,000.
Insurance In Force, over $40,000,000.
WHITE &
Munioipal and Corporation
To net the Investor
Accountant,
an increasing annual income commensur-
G.
29
tvho desire
make DIRJECT CONTRACTS with
MISCELLANEOUS.
BANKERS,
....
.Active
Com-
:
FINANCE COMMITTEK:
Williams, Pres. Chem. Nat. Bank
Tucker,
.
Builder
E. H. Perkins Jr., Pr.lmp.arrad. Nat bic.
James R. Plum,
Leather
—The
—
WILSON & STEPHENS,
41
J.
...
missioners' Court has voted to issue $8,000 road and bridge
bonds.
Waterloo (Iowa) School District.— Bond Election. At
the March election this district will vote on the question of
issuing $25,000 bonds for a new high-school building.
WellsTille, Ohio.— Bond SaZe.— The highest bid received
February 27 for the $65,000 4% sewer bonds was that of the
Lamprecht Bros. Co., Cleveland, at 104 56. Following are
the bids
Lamprecht Bros. Co.. Cleve.. 167.964 00 W. 3. Hayeg A Sons. Cleve... $67,550 00
W. R. Todd &Co., Cincin.... 67.866 50 Denlson, Prior* Co., Cleve.. 67.483 00
Sea»ongood & Mayer, Cincin. 67,814 50 Feder, Holzman & Co., Cm.... 67,475 00
J.
YORK.
<jEO. G.
to
—
Century
"
10,000
16,000 Riddlebergers.
•'
20.000
10,000
Century
A.n election will be held
Waco, Texas.— Bond Election
April 9 to vote on the question of issuing $300,000 water and
$100,000 electric- light bonds.
Walden, N. Y.—Bond 8ale.—0n Feb. 14 $13,000 d}4%
water bon^s were awarded to the Walden Savings Bank at
102'04.
Securities are in denomination of $1,000, dated
March 1, 1901. Interest will be payable annually on Sept. 1
at the National Bank of Walden or in New York exchange.
Principal will mature $1,000 yearly on September 1 from
MISCELLANEOUS.
Geo. H. Burford, President.
John
.
J.
1901.
The United
JN
&
—
116-60
ROAD IMPROVEMENT BONDS.
1902.. ..New Paltz Sav. Bank .. 100-90
1903. ...New Paltz Sav. Bank.... 101-76
1904....gaugerties Sav. Bank. ...102-69
Scott
@96-60
«$St6 52
@96-65
@98-67
@96-25
@96-30
©96-50
©96-55
®9d-25
Ko.
80
BBOAn ST., ITMW TOBK.
W. H. Goadby
BANKERS
Patterson, Teele &' Dennis,
CERTIFIED PUBLIC ACCOUNTANTS. No. 34
•
:iO Broad Street.
New York.
&
Co.,
AND BROKERS,
BROAD STREET
Neur York.
Max
B. Borg,
BONDS
•IKOKBR IN INVHSTMB/NT SBC DRITI me
'^0
BROAD STREET. NEW YORK
Outside Securities a Specialty
DAVID PFEIFFER.
18
Wall St
the
ANY OTUER COMPANY.
CLINTON GILBERT,
2 Wall Street,
Xew
BANK AND TRUST
CO.
York.
STOCKS.
INVESTMENT SECURITIES.
THE FINANCIAL
REVIEW.
ANNUAL.
A YEAR BOOK OF FINANCIAL INFORMATION— 282 PAGES.
Includes a copy of tlie January issue of the Intestors' Supplement.
Also a five-year monthly range of Stock and Bond Quotations.
BOUND IIV CLOTH
$2 00
V/ILLIAM B. DANA COMPANY, PUBLISHERS,
Pine
Street,
Corner Pearl
Street,
New
York.
@FedFRASER